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LITE ACCESS ANNOUNCES EXTENSION OF EXCLUSIVITY PERIOD WITH IRONMAN DIRECTIONAL DRILLING LTD. AND INTENDS TO EXTEND WARRANT TERM

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VANCOUVER, BC, Feb. 29, 2024 /CNW/ – Lite Access Technologies Inc. (“Lite Access” or the “Company”) (TSXV: LTE) (OTC: LTCCF), a global leader in fibre optic products and advanced installation methodologies, is pleased to announce the extension of the exclusivity period with Ironman until June 30, 2024. This extension pertains to Lite Access’s proposed acquisition of Ironman and its wholly-owned subsidiary, Ironman Direction Drilling Ltd., a renowned provider of directional drilling services, as initially disclosed in a news release on May 5, 2023.

The completion of this Transaction remains subject to several key conditions, including the execution of a definitive agreement between Lite Access and Ironman, completion of due diligence by both parties, approval by shareholders, final approval from the TSX Venture Exchange, and other customary conditions. Lite Access intends to issue a subsequent news release upon the execution of a definitive share purchase agreement with Ironman.

Both Ironman and Lite Access wish to assure the market that efforts to conclude the merger are actively ongoing and are progressing well. During the trading halt period, both companies have been operating as usual while successfully securing and delivering on projects, demonstrating their commitment to maintaining operational momentum. Collaboration between the two companies is also underway, facilitating a smooth integration upon the deal’s closure. These efforts are also showing positive effects on the combined financials, underscoring the strategic rationale behind the decision to merge the two entities.

Extension of Warrant Term

The Company will be applying for approval from the Exchange to extend the expiry date (the “Expiry Date”) of 8,355,000 share purchase warrants (the “Warrants”) exercisable at $0.15, issued to subscribers under the Company’s private placement that closed on March 25, 2022. The Company intends to extend the Expiry Date from March 25, 2024 to March 25, 2025.

About Lite Access

Recognized as an industry leader possessing years of experience in the telecommunications space, Lite Access offers total integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, Lite Access proudly offers a full complement of aerial and underground construction methodologies including splicing, testing and maintenance.

Our innovative approach, flexible products and installation solutions are combined with decades of experience and unparalleled passion. ‘The Lite Access Way’ methodology of construction for both trunk and fibre-to-the-premises (FTTx) connectivity has become a recommended and preferred method of fibre installation, globally.

Lite Access’ installation technology and proprietary products extend a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to providing global clients and partners with the most cost-effective and proven fibre connectivity solutions available.

www.liteaccess.com 

Forward Looking Information

This news release contains statements that, to the extent they are not recitations of historical fact, may constitute “forward-looking statements” within the meaning of applicable Canadian securities laws. Lite Access uses words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “believe”, “intend” and similar expressions to identify forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the completion of the Transaction, the structure, terms and conditions of the Transaction and the execution of the definitive agreement. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the Company and Ironman will be able to negotiate the Definitive Agreement on the terms and within the time frame expected; that the Company will be able to obtain shareholder approval for the Transaction; that the Company will be able to obtain any necessary third party and regulatory approvals required for the Transaction; and, if completed, that the Transaction will provide the expected benefits to the Company, Ironman and the shareholders of both companies.  Many factors could cause Lite Access’ actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things: adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of Ironman and the Company to negotiate the Definitive Agreement on the terms and conditions and within the timeframe expected, the failure of the Company to obtain shareholder approval for the Transaction, the Company’s failure to obtain any necessary regulatory approvals for the Transaction, and the risks and uncertainties described in Lite Access’s most recent Management Discussion & Analysis (MD&A) for the financial year ended September 30, 2022, which can be accessed at www.sedar.com. The “forward-looking statements” contained herein speak only as of the date of this press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Lite Access Technologies Inc

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Edimakor V4.0.0 Launches with AI Singing Photos & AI Animation

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NEW YORK, May 24, 2025 /PRNewswire/ — HitPaw Edimakor, known for its work in smart video editing tools, has announced the official launch of Edimakor V4.0.0. This new version introduces a fresh set of features, including a singing avatar tool, expanded image-to-video templates, upgraded text-to-video capabilities, and more control over background removal. These updates are designed to give users more flexibility and options when building creative content from images, text, and audio.

Edimakor V4.0.0 Key Improvements

AI Singing photo

Upload any image whether it’s a real person, cartoon, animal, or character, and turn it into a singing avatar. The tool supports upload audio, making it suitable for fun projects, education, or creative content.

Image-to-Video Templates
Choose from 80+ ready-made templates designed for different themes and situations.

Update two AI models: model 1 has faster generation speed as well as more stable output; model 2 takes longer to generate and is suitable for complex scenes.

Open correlations, modes, resolutions, and reverse cues to allow the user to change control over the quality of the generated video;

AI Animation
Convert written content into video with five visual styles:

Anime

3D Animation

Comic

Cyberpunk

Clay

Background Removal (Image & Video)

For images: After removing the background, users can apply edge feathering and zooming for a cleaner look.

For video: Two modes are available, Quick Mode for fast edits, and Advanced Mode for more precision. Both modes allow edge feathering and edge scaling.

Subtitle Generator

Adjust subtitle length based on preference.

Apply bilingual subtitle templates with one click.

Choose two-color dynamic subtitle styles.

Set subtitle position anywhere on the screen easily.

Continued Commitment to Practical Tools

Edimakor V4.0.0 reflects a clear effort to build features that respond directly to how people create and edit videos today. Instead of adding tools for the sake of it, each update is designed to solve specific problems, whether it’s making editing faster, improving visual quality, or giving users more control. The goal remains simple: make content creation more accessible, efficient, and adaptable for anyone working with video.

For more information:
https://edimakor.hitpaw.com

Follow Edimakor on social media:
X/Twitter: https://x.com/HitpawEdimakor
YouTube: https://www.youtube.com/@HitPawEdimakorOfficial
Instagram: https://www.instagram.com/edimakor_official

This release was issued through Send2Press® on behalf of the news source. For more information, visit Send2Press Newswire at https://www.send2press.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/edimakor-v4-0-0-launches-with-ai-singing-photos–ai-animation-302464416.html

SOURCE HitPaw. Co., Ltd

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COMPUTEX 2025: MiTAC Powers Sustainable AI Data Centers with New Server & Cooling Tech

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TAIPEI, May 24, 2025 /PRNewswire/ — At COMPUTEX 2025, MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings Corp. (TWSE: 3706), unveiled its bold new vision: from hardware provider to full-solution AI and data center innovator. With future-ready solutions covering AI training and inference, high-performance computing (HPC), rack-level liquid cooling, GPU resource management, and real-time data mobility, MiTAC delivers an integrated platform for next-generation data centers.

Rick Hwang, President of MiTAC Computing, emphasized the company’s commitment to open innovation. By aligning with global tech partners and Open Compute Project (OCP) standards, MiTAC now delivers full-spectrum solutions—from server to rack—featuring advanced liquid cooling technology. This simplifies data center operations and improves computing performance and energy efficiency—all driving the vision of smarter, high-performance, and sustainable infrastructure.

“This marks our first appearance at COMPUTEX since the MiTAC brand integration,” Hwang noted. “We’re excited to bring customers a more open, flexible, and deeply integrated portfolio of solutions—reinforcing our role as a trusted partner for AI and data center innovation worldwide.”

Empowering AI with Sustainability and Real-World Solutions

MiTAC Computing is embracing the future of AI with the theme “Empowering Unlimited Possibilities: AI x Sustainability, spotlighting real-world application and introducing a suite of new solutions designed to enable smarter, greener, and more scalable AI ecosystems.

At COMPUTEX, MiTAC Computing displayed an impressive range of cutting-edge AI inference servers. The spotlight is on the MiTAC G4527G6 (MGX™ 4U), featuring eight latest-generation NVIDIA RTX PRO™ 6000 Blackwell server GPUs, the first-ever debut of the NVIDIA MGX™ PCIe Switch board with ConnectX®-8 SuperNIC, and dual Intel® Xeon® 6767P processors. Additionally, the MiTAC G8825Z5 (8U) is equipped with two AMD EPYC™ 9005 series processors and eight newly revealed AMD Instinct™ 350 series GPUs, designed specifically for generative AI, inference workloads, and large language model processing.

Introducing Full-Rack Liquid Cooling Solutions

MiTAC Computing also introduced its full-rack liquid cooling systems, featuring both Liquid-to-Air and Liquid-to-Liquid cooling options. Showcasing the latest in-row Coolant Distribution Units (CDUs) from top-tier global partners, these systems deliver over 2000 kW of cooling power—engineered for intense thermal demands of AI and HPC workloads. Designed for easy integration and customization, these systems include MiTAC’s own monitoring software for optimized management.

Additionally, MiTAC also debuted its Direct Liquid Cooling (DLC) multi-node HPC server, the MiTAC C2820Z5. Built for extreme high-performance computing, this server’s DLC system efficiently cools high-power CPUs and fits within ORv3 standard racks powered by 48VDC – delivering significant energy savings vs. traditional air-cooling technology.

Partnering with AMD for Next-Gen Performance

On May 21st, MiTAC Computing welcomed long-term partner Ted Marena, AMD GPU Market Development Director, who shared the latest trends in AI GPU development and product offerings between MiTAC and AMD. Ken Lin, Senior Vice President of Commercial Business at AMD Taiwan, remarked, “MiTAC and AMD have continuously launched high-performance server platforms integrating AMD EPYC™ processors with AMD Instinct™ GPUs. We are also actively developing the MI350 GPU series with liquid cooling systems to support even more demanding AI cluster workloads, fully addressing the modern data center’s need for both AI computing power and energy efficiency.”

Rick Hwang added that AI technology is rapidly accelerating. MiTAC is committed to enabling future AI applications with solutions that combine high performance, low power consumption, and intelligent management. By optimizing data center infrastructure, MiTAC aims to assist global customers in advancing efficient and sustainable development in key sectors such as AI, HPC, and cloud computing, promoting the widespread adoption of next-generation AI technologies.

Learn more: https://www.mitaccomputing.com/en/campaign/computex2025

About MiTAC Computing Technology Corp.

MiTAC Computing Technology Corp., a subsidiary of MiTAC Holdings, delivers comprehensive, energy-efficient server solutions backed by industry expertise dating back to the 1990s. Specializing in AI, HPC, cloud, and edge computing, MiTAC Computing employs rigorous methods to ensure uncompromising quality not just at the barebone level but, more importantly, at the system and rack levels—where true performance and integration matter most. This commitment to quality at every level sets MiTAC Computing apart from others in the industry. The company provides tailored platforms for hyperscale data centers, HPC, and AI applications, guaranteeing optimal performance and scalability.

With a global presence and end-to-end capabilities—from R&D and manufacturing to global support—MiTAC Computing offers flexible, high-quality solutions designed to meet unique business needs. Leveraging the latest advancements in AI and liquid cooling, along with the recent integration of Intel DSG and TYAN server products, MiTAC Computing stands out for its innovation, efficiency, and reliability, empowering businesses to tackle future challenges.

Website: https://www.mitaccomputing.com/

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/computex-2025-mitac-powers-sustainable-ai-data-centers-with-new-server–cooling-tech-302464722.html

SOURCE MiTAC Computing Technology Corp.

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“Made-in-Shanghai” Blossoms in Umeda, Celebrating Creativity & Innovation

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OSAKA, Japan, May 24, 2025 /PRNewswire/ — As the Chinese solar term “Grain Buds” kicked in, a fashion summer breeze carried “Made-in-Shanghai“, an official five-day multi-format event, exhibition and forum series created by Shanghai, to Grand Green Osaka of Umeda, north of JR Osaka Station, the largest transportation hub and a super popular commercial destination in Japan.

This is not just a showcase of Shanghai’s fashion superpower, but an intimate encounter of Shanghai’s fashion ecosystem with local visitors. As FANG Wei, China’s Vice Consul General in Osaka remarked at the event’s grand opening on May 21st, “Made-in-Shanghai” took the ShanghaiOsaka ties to a new level through showcasing tech-savvy and Shanghai-style fashion, beauty and creative products to local and international visitors, while fostering business cooperation amidst the shift from “Made-in-China” to “Created-in-China“.

This overseas debut of Shanghai’s fashion and beauty parks and communities appeals greatly to Osaka’s business community. CREATER, a Shanghai-based property operator shared the experience of transforming the historic Yuyuan Road into a fashion and creative hub, featuring worldwide launches of products and a shining cluster of creative companies. Likewise, Fengxian District’s Oriental Beauty Valley, hailed as China’s beauty and cosmetic industry capital, stunned discerning Japanese consumers with leading Chinese beauty brands and innovation.

As an intimate encounter with Shanghai lifestyle, the Public Open Days attracted KOLs and Japanese consumers to a China market with fashion, home furnishings, beauty products, and even a tea-sake oriental tea house. Shanghai Chicmax exhibited its new products and introduced its Japanese R&D center and factory. Shanghai brand “nice rice” offered to consumers simple-lifestyle apparels. Hankyu Department Store opened “WINDow of EAST” pop-up stores with works from six Chinese young designers, curated by Shanghai Fashion Designers’ Association.

The event went deeper to a “Shanghai-Osaka Forum”, featuring a panel on “Evolution of Consumer Culture”, consisting of WWD China chief content officer, founders of Herbeast and RichandRare Jewellery, Confis’ senior partner and a journalist from WWD Japan. Another forum delved deep into sustainable urban renewal and green design, a common challenge for Shanghai and Osaka, featuring Dezeen’s China editor, famous Japanese architects, Aedas’s global design principal and UNS’s director.

The event is guided by China’s Ministry of Industry and Information Technology, hosted by Shanghai Commissions of Economy & Informatization and Commerce, and Administration for Market Regulation, and executed by Commission of Commerce in Changning District, Shanghai Design Week, Shanghai Fashion Designers’ Association and the Paper.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/made-in-shanghai-blossoms-in-umeda-celebrating-creativity–innovation-302464723.html

SOURCE the Paper

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