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EPAM and Baker Hughes Collaborate to Transform the Energy Sector Leveraging Advanced AI Implementations

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Collaboration will define and drive global energy efficiency through advanced digital solutions

NEWTOWN, Pa., Feb. 1, 2025 /PRNewswire/ — EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced an expanded engagement with Baker Hughes to revolutionize the energy sector. This engagement names EPAM as Baker Hughes’ systems integration collaborator for digital and AI implementations, marking a significant milestone in the sector’s digital transformation.

Combining EPAM’s best-in-class digital engineering and product development capabilities with Baker Hughes’ expertise in energy technology, this collaboration will redefine workflows, improve operational efficiency and deliver innovative solutions to drive substantial environmental benefits. Leveraging digital solutions will further support Baker Hughes’ 2030 commitment to growing its digital revenue stream through advanced technologies and fostering sustainable energy development.

“We are pleased that Baker Hughes has chosen to team up with EPAM, entrusting us with their most complex digital transformation and technology modernization challenges,” said Balazs Fejes, President of Global Business & Chief Revenue Officer of EPAM. “With our expert orchestration and systems thinking approach, we look forward to bringing world-class solutions to drive significant change across the industry.”

The digital transformation achieved through this collaboration also punctuates the theme for the 2025 Baker Hughes Annual Meeting (AM25). The event, held in Florence, Italy, from February 2 to 4, 2025, will bring more than 2,000 industry leaders, policymakers, and experts to share strategies for driving actionable change in the energy industry.

EPAM’s significant presence at AM25 includes the following highlights:

Arkadiy Dobkin, CEO and President, EPAM, will deliver a keynote, sharing thoughts on achieving lasting change across the energy industry.Interactive kiosks featuring EPAM’s JenAii™ will showcase Baker Hughes’ applications. JenAii™ is EPAM’s virtual assistant, powered by a combination of AI-enabled chatbots, motion capture and 3D gaming software.Fabio Mazzocchetti, CTO AI in Energy, EPAM, will lead a Tech Talk, exploring the influence of autonomous, intelligent AI agents in the energy sector.

“This year’s theme, Progress at Scale, reflects the need for sustainable energy development to drive lasting change across energy and industry,” said Lorenzo Simonelli, Chairman and CEO of Baker Hughes. “As Baker Hughes’ system integration collaborator for digital and AI implementations – and the current systems integrator for our Leucipa™ automated field production solution – the digital capabilities and expertise of EPAM are crucial to meet growing global energy demand.”

For more information about how EPAM is turning future possibilities into today’s reality for energy companies, visit www.epam.com/industries/energy-and-resources.

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients’ transformation challenges by focusing EPAM Continuum’s integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients’ time to market and drive greater value from their innovations and digital investments.

We make GenAI real with our AI LLM orchestration, testing and engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™, respectively.

We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our people around the world. We believe the right solutions are the ones that improve people’s lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as a Top 100 Best Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services.

Learn more at www.epam.com and follow us on LinkedIn.

Forward-Looking Statements

This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company’s most recent Annual Report on Form 10-K and the factors discussed in the Company’s Quarterly Reports on Form 10-Q, particularly under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

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SOURCE EPAM Systems, Inc.

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IoTeX Welcomes Xangle as Validator to Accelerate DePIN Ecosystem Expansion

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March 12, 2025

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SAN FRANCISCO, March 11, 2025 /PRNewswire/ — IoTeX, the leading blockchain building Decentralized Physical Infrastructure Network (DePIN), has announced that Korean blockchain infrastructure company Xangle will be joining as a network validator. With Xangle’s participation, IoTeX expects to further enhance its community-driven ecosystem expansion and technical stability.

Xangle is a blockchain infrastructure and research company that provides ecosystem-oriented community hubs, explorers, and Web3 analytical reports. Since 2018, Xangle has operated Xangle Portal, Korea’s leading Web3 platform. Recently, Xangle has expanded its role within the Web3 space, actively participating as a validator for major global blockchain projects such as Aptos, Babylon, and Initia.

In 2024, IoTeX took a leading role in the DePIN sector, as a result of these efforts, the IoTeX network has processed over 150 million transactions and 340 million blocks, recording an annual growth rate of over 25%. Furthermore, more than 360 million IOTX tokens are staked, accounting for approximately 40% of the total supply, reinforcing network security and governance. These achievements have solidified IoTeX’s position as a leading infrastructure provider in the DePIN space.

Lihan Lee, Co-CEO of Xangle, stated, “Our participation as an IoTeX validator goes beyond simple network validation—it represents a key milestone in making innovative Web3 infrastructures like DePIN more accessible to users and accelerating their mainstream adoption. Leveraging our expertise in ecosystem-focused community hubs, explorers, and research, Xangle will enhance the credibility and visibility of the IoTeX network while actively contributing to the expansion and sustainable growth of the DePIN ecosystem.”

“At IoTeX, we are committed to building the most robust and transparent DePIN ecosystem, and Xangle’s participation as a validator is a testament to that vision,” commented Jing Sun, co-founder of IoTeX. “Their expertise in blockchain infrastructure and data integrity will further strengthen our network’s stability while driving mainstream adoption of Web3.”

About IoTeX

IoTeX is DePIN’s only modular infrastructure platform connecting smart devices and real-world data to blockchains. As the leading provider of DePIN infrastructure, IoTeX facilitates new rewards from devices and on/off-chain activity for users, turns personal devices into communal economies, and tokenizes the “data of everything.”

About Xangle

Xangle is Korea’s leading Web3 research and infrastructure provider, operating Xangle Portal, the country’s most representative Web3 platform with 400K+ user base. Since 2018, Xangle has built trust by bridging blockchain projects with users through institutional-grade research, analytics, and infrastructure. Its key offerings include a Korea Go-to-Market strategy, custom blockchain explorers combined with white-labeled community hubs, and enterprise-grade validator services.

Media Contact:

Ralph Sun 
PR Director
ralph@iotex.io

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SOURCE IoTeX

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Sony Honored as One of “2025 World’s Most Ethical Companies®” for the Seventh Time

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March 12, 2025

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TOKYO, March 11, 2025 /PRNewswire/ — Sony Group Corporation (“Sony”) today announced that it has been named one of the “World’s Most Ethical Companies” for the seventh consecutive year by the Ethisphere Institute, the US-based global leader in defining and advancing the standards of ethical business practices.

This year’s list includes 136 companies from across 19 countries and regions, and 44 industries. These companies were evaluated across five categories: Ethics and Compliance, Governance, Culture of Ethics, Environmental and Social Impact, and Initiatives that support a Strong Value Chain. The Institute reviewed each company’s ethical operations, focusing on areas such as exceptional leadership and a commitment to business integrity through best-in-class ethics and compliance practices.

This award recognizes Sony’s ongoing commitment to pursuing its Purpose, “Fill the world with emotion, through the power of creativity and technology,” in alignment with its Values through ethical and responsible business conduct by all Sony Group employees. Being recognized as one of Ethisphere’s World Most Ethical Companies is evidence of the strength of Sony’s Ethics and Compliance program and its commitment to business integrity guided by its Code of Conduct. This recognition also inspires Sony to further enhance its ethical culture to create value from a long-term perspective.

Comment from Kenichiro Yoshida, Representative Corporate Executive Officer, Chairman and CEO, Sony Group Corporation
“We are deeply honored to be recognized as one of the World’s Most Ethical Companies for seven consecutive years. Sony holds “Integrity & Sincerity” as one of its important Values across the group. We will continue to practice our ethical approach to management, and together with our 110,000 employees who share this Values, we strive to “fill the world with emotion”.

Comment from Erica Salmon Byrne, Chief Strategy Officer and Executive Chair, Ethisphere “Congratulations to Sony for achieving recognition as one of the World’s Most Ethical Companies. Behind this honor is a true dedication and a commitment to advancing business integrity. This approach is good for business – employees and other stakeholders value companies that prioritize the kinds of practices we measure with our process.”

[References]
For more information about Sony’s corporate ethics and compliance-related efforts, please refer here.
https://www.sony.com/en/SonyInfo/csr_report/

The complete list of 2025 World’s Most Ethical Companies can be found at:
https://worldsmostethicalcompanies.com/honorees 

About Sony Group Corporation
Sony Group Corporation is a creative entertainment company with a solid foundation of technology. Across its six business segments – Game & Network Services; Music; Pictures; Entertainment, Technology & Services; Imaging & Sensing Solutions; and Financial Services – Sony’s purpose is to fill the world with emotion through the power of creativity and technology. 

For more information, visit: https://www.sony.com/en/ 

*”World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.

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SOURCE Sony Group Corporation

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Stagwell (STGW) Accelerates APAC Growth with ADK GLOBAL Acquisition and Leadership Summit in Bangkok

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March 12, 2025

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BANGKOK, March 11, 2025 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, hosted an Asia-Pacific (APAC) leadership summit in Bangkok building on the network’s momentum of driving growth in the region and acquisition of ADK GLOBAL in early 2025.

The acquisition of ADK GLOBAL significantly strengthens Stagwell’s APAC presence, expanding Stagwell’s APAC footprint to over 2,000 team members across 14 countries, and is set to enhance Stagwell’s AI-powered digital marketing capabilities.

Building on this momentum, Stagwell hosted its biennial APAC leadership summit in Bangkok from March 5-7, 2025: a platform for bringing together the network’s regional leaders and reinforcing the network’s strategic vision. Together with Stagwell’s agencies and affiliates, senior leaders from both ADK and Stagwell attended the summit, engaging in high-level discussions on integration, collaboration, and the role of APAC in global success.

Stagwell also leveraged the APAC leadership summit to relaunch its Global Affiliate Program, which bolsters full-service and specialty digital solutions for clients worldwide. By engaging in strategic partnerships with regional affiliates, Stagwell builds on its commitment to delivering next-generation marketing solutions tailored to today’s evolving consumer landscape.

“We’ve spent the past year expanding Stagwell across APAC, and now have 2,500 people in the region,” said Stagwell Chairman and CEO Mark Penn at the summit. “The most important thing for me in founding Stagwell was a collaborative culture where agencies work together while still maintaining their unique character. We’re now right-sized to win bigger and better.”

About Stagwell:
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 40+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

Media Contact:

Kara Gelber
pr@stagwellglobal.com

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SOURCE Stagwell Inc.

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