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dsm-firmenich implements a cross guarantee agreement to mitigate structural subordination and establish a pari-passu debt platform

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KAISERAUGST, Switzerland and MAASTRICHT, Netherlands, May 31, 2024 /PRNewswire/ — dsm-firmenich today announces that it has signed a cross guarantee agreement between DSM B.V., Firmenich International SA and DSM-Firmenich AG, to mitigate structural subordination in the group. The agreement allows the group to develop a centralized financing structure, in line with its commitment to maintain strong investment grade ratings, and develop a pari-passu platform for existing and future senior unsecured notes.

The cross guarantee agreement includes downstream guarantees from the top parent company DSM-Firmenich AG to its wholly owned subsidiaries DSM B.V. and Firmenich International SA. In addition, there are also upstream guarantees from these two subsidiaries to the parent company. The guarantees are irrevocable and unconditional, and cover existing and future senior unsecured debt instruments across these entities, including the group’s existing senior unsecured bonds.

The cross-guarantee agreement will be made available on the company website, in the Investors/Debt & credit section.

For more information, please contact:

dsm-firmenich investor relations enquiries:
Email: investors@dsm-firmenich.com

dsm-firmenich media enquiries:
Email: media@dsm-firmenich.com   

About dsm-firmenich
As innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world’s growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for the planet. dsm-firmenich is a Swiss-Dutch company, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life™ every day, everywhere, for billions of people. www.dsm-firmenich.com 

Disclaimer

This press release does not constitute or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

This press release may contain forward-looking statements with respect to dsm-firmenich’s future. Such statements are based on current expectations, estimates and projections of dsm-firmenich and information currently available to the company. dsm-firmenich cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. dsm-firmenich has no obligation to update the statements contained in this press release, unless required by law. The English language version of this press release prevails over other language versions.

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ATFX Connect won “Outstanding FX Liquidity Provider” Award at FinanceFeeds 2024

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LONDON, Dec. 23, 2024 /PRNewswire/ — ATFX Connect, the institutional arm of global trading platform ATFX, has been honored with the prestigious “Outstanding FX Liquidity Provider” award at the FinanceFeeds Awards 2024. This recognition underscores ATFX Connect’s industry-leading position in providing deep and reliable foreign exchange (FX) liquidity, a critical factor for institutional clients navigating global financial markets.

The FinanceFeeds Awards celebrate excellence and innovation in the financial sector, highlighting organizations that deliver exceptional services and groundbreaking solutions. ATFX Connect’s achievement in this category reflects its commitment to addressing the sophisticated needs of institutional clients, including hedge funds, asset managers, private banks, and brokers. The award recognizes the platform’s ability to offer tailored liquidity solutions, cutting-edge technology, and efficient trade execution.

Launched in 2019, ATFX Connect was designed to expand ATFX’s presence in the institutional space by offering a multi-access platform for professional investors. Its focus on technology-driven solutions has made it a trusted partner for clients requiring scalable and adaptable liquidity services. Over the years, ATFX Connect has consistently demonstrated excellence in integrating innovative tools with high-quality liquidity provision, helping clients optimize trading strategies in complex market environments.

This accolade solidifies ATFX Connect’s position as a top-tier liquidity provider in the financial industry. With its ongoing efforts to blend technology with personalized services, the platform continues to set new standards in the institutional trading sector.

About ATFX Connect

Back in 2019, ATFX stepped into the Institutional arena with the launch of its Multi-Access platform ATFX Connect. The management’s vision was to expand the broker’s global presence and continue to provide award-winning liquidity and customer service to clients within the Institutional community. With the focus on the professional Investor, the ATFX Connect platform is designed to provide an efficient automated trading venue that delivers tailored liquidity solutions to Hedge Funds, Asset Managers, Brokers, Private Banks, and other financial institutions. (ATFX Connect Website: https://www.atfxconnect.com)

View original content:https://www.prnewswire.com/apac/news-releases/atfx-connect-won-outstanding-fx-liquidity-provider-award-at-financefeeds-2024-302338231.html

SOURCE ATFX Connect

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Safety Is the Ultimate Luxury: Chery’s Flagship TIGGO 9 Makes Global Debut

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DUBAI, UAE, Dec. 23, 2024 /PRNewswire/ — On December 19, TIGGO 9 was simultaneously launched in the UAE and Kuwait. The event was attended by Ms. Ou Boqian, Consul General of the Chinese Consulate in Dubai, Mr. Wang Xiaojia, Commercial Counsellor, and Mr. Zhang Guibing, General Manager of Chery International. Tim Zhang, General Manager of the Middle East region, Chery International, introduced Chery’s strategic plans for the UAE/GCC market. At the launch event, the Kuwait Tower and the UAE Burj Khalifa lit up on the same day, symbolizing Chery’s global ambitions and aspirations.

TIGGO 9 features a brand-new family design, with a front end incorporating bionics principles, highlighting strength and safety. The vehicle’s body follows the golden ratio to create visual harmony. Regarding safety, based on the concept of “Safety is Luxury,” it meets global five-star standards and is equipped with an L2+ ADAS to ensure driving safety. In terms of smart technology, it comes with APA (Automatic Parking Assist), a large HD screen, and high-performance chips, setting a new benchmark for technological luxury. Luxury features include an extra-wide body, 10-point massage, “One-Touch Recline” function, and Sony audio system, all enhancing the SUV’s comfort experience. For power, the PHEV version combines a 1.5T hybrid engine with a three-speed DHT gearbox for strong performance and a thermal efficiency of up to 44.5%. The ICE version has a 2.0TGDI engine and an 8AT transmission, showcasing exceptional performance.

The global debut of Chery TIGGO 9 reflects a precise understanding of consumer demand in the Middle East market and serves as a strong addition to Chery’s global product portfolio.

View original content to download multimedia:https://www.prnewswire.com/news-releases/safety-is-the-ultimate-luxury-cherys-flagship-tiggo-9-makes-global-debut-302338233.html

SOURCE Chery Automobile Co., Ltd.

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HuLoop Announces Series A Funding Led by Mighty Capital

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AI-Based Intelligent Automation Leader to Accelerate Innovation, Invest in Customer Success and Expand Market Reach

AUBURN, Calif., Dec. 23, 2024 /PRNewswire/ — HuLoop Automation, the leader in radically simple, fast, and affordable AI-powered intelligent automation, today announced the successful closing of its Series A funding round.  While the specific terms aren’t being announced publicly, the round was led by San Francisco, California-based Mighty Capital, with significant participation from Folsom, California-based Moneta Ventures, which led HuLoop’s prior round.

This funding marks a major milestone for HuLoop as it accelerates its mission to simplify automation and empower businesses in key underserved segments like banks, credit unions, collections and retail enterprises. The investment will fuel the expansion of its team, enhance its unified automation platform, and drive customer growth and expansion.

“At HuLoop, we are committed to transforming key industries by making intelligent automation radically simple, fast, and affordable for businesses of all sizes,” said Todd P. Michaud, CEO of HuLoop Automation. “This latest round positions HuLoop to achieve even faster growth, faster innovation, and greater benefits for our customers.”

“HuLoop’s innovative approach, which blends cutting-edge AI with human-in-the-loop processes, represents the future of intelligent automation. Mighty Capital invests in companies with exceptional products because we believe the best product wins, and HuLoop is no exception,” said SC Moatti, Founder and Managing Partner at Mighty Capital.

Moatti, who also founded Products That Count, a large, global network of product managers, leverages this network to identify and invest in emerging innovation companies with strong product-focused strategies. “Our members are very focused on vertical AI solutions, particularly those centered on shaping the future-of-work and we believe that HuLoop is well-positioned to fill this market need,” said Moetti.

HuLoop defines its Unified Automation Platform as a single, integrated solution that combines multiple automation technologies—such as robotic process automation (RPA), workflow orchestration, intelligent document processing, and testing—into a cohesive system. This platform enables organizations to streamline complex business processes, reduce manual effort, and drive efficiency across the enterprise, while ensuring human-in-the-loop oversight to balance automation with human judgment.  The company has grown rapidly over the past two years, now serving more than 60 customers primarily in the financial services and commerce sectors.

“HuLoop’s success in the community banking sector reflects a pragmatic, cost-effective approach to technology adoption for productivity gains,” said Charles Potts, executive vice president and chief innovation officer for the Independent Community Bankers of America. “By combining automation with human intelligence, their human-in-the-loop process streamlines mundane tasks, allowing staff to focus on more critical customer interactions.”

The capital infusion will be primarily focused on helping HuLoop to accelerate product innovation, invest in customer success, and expand its market reach, helping customers’ companies unlock their productivity potential.

“I’d like to thank Mighty Capital, Moneta Ventures, our Founding Stakeholders, and all our investors for their belief and confidence in HuLoop. Your financial and strategic support is going to help us deliver innovative automation solutions that drive more success for our clients,” said Michaud.

About HuLoop Automation
HuLoop Automation delivers AI-powered intelligent automation solutions designed to boost productivity for companies of all sizes. Its Unified Automation platform provides businesses with tools to discover, automate, and test processes seamlessly. The platform includes three core modules: Intelligent Productivity Discovery, which empowers organizations to identify and prioritize automation opportunities with actionable insights; Intelligent Process Automation, which streamlines workflows by automating repetitive, manual tasks across systems and departments; and Intelligent Test Automation, which enhances quality assurance with automated testing for software, ensuring faster deployment cycles and higher reliability.

HuLoop’s no-code platform leverages advanced technologies such as process and task mining, robotic process automation (RPA), intelligent document processing (IDP), workflow, automated testing, using applied and generative AI, and complemented by human-in-the-loop features. These innovations enable businesses to achieve new levels of efficiency and success, empowering their workforce to focus on high-value tasks and drive transformative outcomes.

Media Contact:
Erin Leventhal
(858) 522-0357
erin@huloop.ai

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SOURCE HuLoop Automation, Inc.

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