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Sasken Technologies Announces Leadership Transition: CMD Rajiv C. Mody to Assume CEO Role, Alwyn Joseph Premkumar Appointed as President & COO

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BANGALORE, India, June 4, 2024 /PRNewswire/ — Sasken Technologies, a leading provider of product engineering and digital transformation solutions, announced today that CEO Abhijit Kabra has decided to move on owing to personal reasons. In light of this, Chairman and Managing Director (CMD), Rajiv C. Mody, will assume additional responsibilities of CEO immediately, ensuring continuity and sustained leadership.

“It has been an honor to lead Sasken Technologies over the past two years,” said Abhijit Kabra. “I am confident that the Company will continue its growth trajectory under Rajiv’s leadership and Alwyn coming on board as Chief Operating Officer to drive our growth strategy to new heights. I look forward to seeing Sasken continue to cross new milestones.”

The Company also announced the appointment of Alwyn Joseph Premkumar as President & Chief Operating Officer (COO) who will be based in the USA and will be responsible for all regions across the globe. This strategic move is aimed at accelerating our growth goals and building a sustainable, robust organization in line with the Company’s 60x4x3 growth strategy.

He brings over 18 years of experience in the technology and engineering services sectors, having held senior leadership roles at TCS, ITC Infotech, and more recently as deputy CEO at FPT Software Americas. With a proven track record of delivering profitable, sustainable growth and driving business transformation, he has successfully built high-growth, people, and customer-centric organizations.

In his role as President & COO, Alwyn will play pivotal role in expanding Sasken’s footprint globally. “I am excited to join Sasken Technologies at such a dynamic time,” said Alwyn. “I strongly believe in Sasken’s innovative and customer-centric culture that presents a remarkable opportunity for us to deliver exceptional value to our clients while driving substantial growth for the Company. I look forward to working with the amazing team at Sasken to accelerate our 60x4x3 strategy and further expand our presence globally.”

Commenting on the transition, CMD Rajiv Mody stated, “We are grateful for Abhijit’s dedication and leadership over the past two years and are excited to welcome Alwyn as our new President & COO.  The organization will continue to work towards sustaining our growth momentum and driving the 60x4x3 strategic initiatives to deliver outstanding value to our stakeholders worldwide.”

Sasken Technologies remains committed to delivering innovative solutions and superior service to its clients worldwide. These leadership changes are a testament to the Company’s commitment to strategic growth and operational excellence.

About Sasken:

Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, Telecom, and Transportation industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP. For more information, visit www.sasken.com

Media Contact:
Rekha Sahay Ghosh
Head of Marketing & Communications
E: pr@sasken.com 
T: +91 80 6694 3009

Disclaimer on Forward Looking Statements:

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the Indian IT services industry, including with respect to tax incentives and export benefits, adverse changes in foreign laws, including those relating to outsourcing and immigration, increasing competition in and the conditions of the Indian and global IT services industry, the prices we are able to obtain for our services, wage levels in India for IT professionals, the loss of significant customers the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices, the performance of the financial markets in India and globally, changes in domestic and foreign laws, regulations and taxes and changes in competition in the information technology/ telecommunication industries. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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SOURCE Sasken Technologies Ltd.

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Leading Rapid Manufacturer Launches Marketplace, Empowering Entrepreneurs to Monetize Designs

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RENO, Nev., May 19, 2025 /PRNewswire/ — U.S.-based custom sheet metal manufacturer, SendCutSend, announced the launch of the SendCutSend Marketplace, an online platform designed to help small businesses and entrepreneurs more easily profit from their custom ideas.

Marketplace allows SendCutSend users to design, create and sell their fabricated product without the need to carry inventory or coordinate shipping logistics.

“It works great for parts that don’t exist anywhere else and parts that solve a specific problem,” said Jim Belosic, CEO of SendCutSend. “When someone buys your product, we’ll make it, package it and ship it to their door. You decide how much profit you want to make on each sale.”

Marketplace officially launched in March, and multiple sellers have already generated thousands in personal profit without having to manage a single order.

“The SCS Marketplace allows me to offer an endless supply of parts without requiring large capital investments, all while saving my most valuable resource—my time,” said Josh Thiede of Harley Designs Inc. “By leveraging their extensive manufacturing and shipping resources, I can get products to customers quickly. It’s a seamless, hassle-free solution that keeps my business running efficiently without the usual overhead.”

SendCutSend Marketplace offers a host of benefits, including:

Simple Startup: Any part previously ordered through SendCutSend can be submitted to the Marketplace for approval. Designers simply select a part, upload compelling photos, craft an engaging description, and set their price.Passive Income: Sellers earn a payout each time a customer orders their product. SendCutSend handles all manufacturing, packaging, and shipping, eliminating the need for sellers to manage inventory or logistics.Complete Ownership: Sellers retain full ownership of their designs, ideas, and intellectual property. SendCutSend acts as a manufacturing and fulfillment partner, ensuring designers maintain control over their creations.

For more information about Marketplace and to see product examples visit, sendcutsend.com/marketplace.

About SendCutSend
SendCutSend is an on-demand, custom sheet metal manufacturing company with facilities in Reno, Nev., Paris, Ky., and Arlington, Texas serving the United States and Canada. Founded by two software engineers frustrated by the lack of access to commercial manufacturing, SendCutSend bridges the gap between quality, speed, affordability and convenience in the manufacturing industry. From its humble beginnings in a garage to landing on the Inc 5000 and Deloitte Technology Fast 500, SendCutSend is proud to now call 59% of the companies in the Fortune 500 customers. SendCutSend offers laser cutting and finishing services for everything from one-off prototypes to sale/assembly ready parts at scale shipped in as little as two days with no minimum quantities. For more information visit SendCutSend.com or follow on Instagram or YouTube.

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SOURCE SendCutSend

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Smartkem Collaborates with Manz Asia for Advanced Computer and AI Chip Packaging Solutions

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Manz Asia will be demonstrating its advanced inkjet metallization using Smartkem’s advanced dielectric materials at SEMICON® SEA 2025 in Singapore, May 20-22, 2025.

Visit Manz Asia at Booth no. L1314.

MANCHESTER, England, May 19, 2025 /PRNewswire/ — Smartkem (Nasdaq: SMTK), which is seeking to change the world of electronics with a new class of transistor technology, today announced that it has entered into a collaboration with Manz Asia, a developer of production solutions for semiconductor advanced packaging manufacturing sectors. The collaboration includes the demonstration of inkjet printable dielectric layers for use in advanced computer and AI chip packaging solutions at this year’s SEMICON® SEA in Singapore, May 20-22, 2025.

Smartkem Chairman and CEO, Ian Jenks, commented: “We’re thrilled to be working with Manz Asia to address a fast-growing opportunity in the market for advanced computer and AI chip packaging. As the demand for AI leads to increasingly complex servers, our materials combined with Manz Asia’s printing technology have the potential to enable large area panel chip packaging beyond the existing constraints of today’s 300mm wafer packaging. Panel level packaging is a market expected to grow to approximately $600 million in 2030, a 27% compound annual growth rate from 2024. “[1]

Manz Asia General Manger, Robert Lin, commented: “Manz Asia is committed to advancing green manufacturing and smart production through the development of high-precision inkjet printing equipment. Our maskless inkjet technology enables accurate material deposition and supports a wide range of inks, making it suitable for various substrates—including PI, ABF, EMC, silicon, and glass—in both wafer and panel formats. The collaboration with Smartkem marks a significant step in demonstrating how our inkjet platform, combined with next-generation dielectric materials, can deliver scalable and sustainable solutions for semiconductor advanced packaging.”

Building on the UV curable dielectric layer chemistry developed at Smartkem’s R&D facility for thin film transistor fabrication, Smartkem has designed ink formulations suitable for use in advanced computer and AI chip packaging applications. These inks have been co-developed with Manz Asia to be compatible with its existing inkjet-based semiconductor production equipment.

Panel level packaging on rectangular wafers offers key advantages over traditional packaging on circular wafers, including:

Higher throughput, as a larger print area means more chips can be packaged simultaneously;Lower cost per chip from economies of scale with use of printed circuit board like manufacturing equipment;Better material utilization from less edge loss compared to circular wafers; andImproved integration supported by complex fan-out wafer-level packaging at a larger scale.

About Smartkem 
Smartkem is seeking to change the world of electronics with a new class of transistors developed using its proprietary advanced semiconductor materials. Our TRUFLEX® semiconductor polymers enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost, high-performance displays. Our semiconductor platform can be used in a range of display technologies including MicroLED, LCD and AMOLED, as well as in applications in advanced computer and AI chip packaging, sensors, and logic. 

Smartkem designs and develops its materials at its research and development facility in Manchester, UK and provides prototyping services at the Centre for Process Innovation (CPI) in Sedgefield, UK. It operates a field application office in Hsinchu, Taiwan, close to collaboration partner, The Industrial Technology Research Institute (ITRI). Smartkem is developing a commercial-scale production process and Electronic Design Automation (EDA) tools to demonstrate the commercial viability of manufacturing a new generation of displays using its materials.

The company has an extensive IP portfolio including 138 granted patents across 17 patent families, 16 pending patents and 40 codified trade secrets. For more information, visit our website or follow us on LinkedIn.

About Manz Asia
Manz Asia is a leading manufacturer of advanced semiconductor equipment, driving technological innovation and process excellence within the CoPoS (CoWoS panelization) technology framework for panel-level packaging.

We offer comprehensive equipment solutions encompassing wet chemistry, plating, digital printing, automation, and proprietary software integration for Redistribution Layer (RDL) process—from lab-scale to mass production. Our technologies support key applications in Fan-Out Panel-Level Packaging (FOPLP), Through Glass Via (TGV), and IC substrates, covering critical stages of semiconductor packaging.

By enhancing production efficiency, optimizing process quality, and strengthening market competitiveness, Manz Asia empowers the semiconductor industry to achieve higher standards of excellence. 

For more information, please visit website or follow us on LinkedIn.

About SEMICON® Southeast Asia
Forward-thinking semiconductor organizations are implementing practices to reduce the environmental impact of their businesses and manufacturing operations to ensure their resiliency when disruptive events such as geopolitical conflicts, climate-related disasters, and public health crises strike. Initiatives focused on reducing greenhouse gas emissions and water use, deploying renewable energy systems, and improving the energy efficiency of chipmaking equipment are growing in importance.

To thrive in the coming decade and beyond, companies must look beyond short-term performance and focus on building resilience to better withstand unpredictable disruptions to their businesses, the semiconductor industry and global economies. Visit the website for more information.

Forward-Looking Statements 
All statements in this press release that are not historical are forward-looking statements, including, among other things, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem, Inc.’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

Industry Representatives and Media
Selena Kirkwood
Head of Communications for Smartkem
T: +44 (0) 7971 460 364
s.kirkwood@smartkem.com

Analysts and Investors
David Barnard, CFA
Alliance Advisors Investor Relations
T: 1 415 433 3777
dbarnard@allianceadvisors.com

[1] Yole Intelligence: Panel Level Packaging 2025 https://www.yolegroup.com/product/report/panel-level-packaging-2025/

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Reins joins The Blue Collar Success Group® to empower skilled trades business owners

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The leading provider of alternative equity solutions will introduce its innovative employee incentives to The Blue Collar Success Group’s wide membership.

LAS VEGAS, May 19, 2025 /PRNewswire/ — Reins, a pioneering technology firm dedicated to empowering privately owned businesses through alternative equity solutions, announces a new partnership with The Blue Collar Success Group, an international coaching and business development organization focused on the skilled trades. As part of the partnership, Reins will be a preferred vendor for the organization’s broad membership, introducing skilled trade business owners from across the world to innovative employee retention solutions.

“The Blue Collar Success Group knows how to coach business owners to build sustainable growth, to dominate within their markets and ultimately to live the kind of lives they want—and they also know the skilled trades inside and out,” said Chris Buttenham, co-founder of Reins. “This is an organization that’s helped countless entrepreneurs and technicians turn their business dreams into realities, and we’re pleased to be a part of that.”

The Blue Collar Success Group extends its services throughout the United States, Canada and Australia, supporting its membership with custom solutions—ranging from one-on-one coaching to live training sessions, seminars and events.  Members also receive recommendations on the best resources and vendors to help them scale their growth.

“We don’t believe in one-size-fits-all solutions for the home service contractors we serve, which is why we love highlighting innovative tools like the Reins Modern Agreement for Rewards and Equity (MARE) program,” said Chris Crew, president of The Blue Collar Success Group. “For contractors who are looking for outside-the-box options to attract, motivate and retain top talents, what Reins offers is truly remarkable and proven to work in our industry.”

With innovations like MARE, Reins provides skilled trade business owners with unique options to incentive employee tenure and performance, providing a sense of “skin in the game” through phantom stock offerings. Phantom stock allows business owners to provide their employees with the benefits of ownership without having to navigate the hassle of traditional ownership offerings.

For more information about Reins, visit https://www.myreins.com.

About Reins
Reins is an innovative platform that empowers privately-owned businesses to retain key employees effectively by offering owner-like benefits that incentivize employees to contribute to the long-term success of the business. Founded in 2023, Reins’ mission is to help independent businesses remain productive and growing. Reins’ proprietary solution, the Modern Agreement for Rewards and Equity (MARE) program was built by attorneys and is customizable to meet each business owner’s needs. Every plan is legally binding and stored safely in the Reins software for compliance. Using the MARE program, business owners can create and execute a tailored program within minutes. For more information about Reins and the MARE program, please visit https://myreins.com/.

MEDIA CONTACT:

Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com

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SOURCE Reins

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