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Minesto has received a top guarantee commitment regarding the exercise of warrants of series TO4

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THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, RUSSIA, BELARUS, OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL OR DEMAND ADDITIONAL REGISTRATION OR OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” IN THE END OF THIS PRESS RELEASE.

GOTHENBURG, Sweden, March 24, 2025 /PRNewswire/ — Minesto AB (publ) (“Minesto” or the “Company”) announces that the Company today, 24 March 2025, has received a guarantee commitment of approximately 10.3 MSEK from an external investor regarding the utilization of warrants of series TO4. The guarantee commitment is a so-called top guarantee and can be utilized in the event that less than 100 percent of the warrants of series TO4 are exercised for subscription of shares in the Company.

Minesto has today received a so-called top guarantee commitment from an external investor (“the Guarantor”). The guarantee commitment can be utilized in the event that less than 100 percent of the total number of warrants of series TO4 are exercised for subscription of shares in the Company.

Subscription of shares according to the guarantee commitment will in practice be made through subscription in a directed issue of new shares to the Guarantor (the “Directed Issue”). The Board of Directors intends to resolve on the Directed Issue after the exercise period for the warrants of series TO4 has ended, by virtue of the authorization from the Annual General Meeting on 22 May 2024.

The subscription price in the Directed Issue will correspond to the subscription price when exercising the warrants of series TO4, i.e., SEK 1.54 per share. The Board of Directors therefore considers the subscription price in the Directed Issue to be on market terms and reflects prevailing market conditions and investor demand.

It is the Board of Directors’ assessment that it is in the interest of both the Company and its shareholders to ensure the exercise of the warrants of series TO4 and, if applicable, to carry out the Directed Issue. The guarantee commitment and the Directed Issue enable the Company to raise additional capital at a low cost, time-efficiently, and with less complexity than other forms of capital raising and financing alternatives. Holders of warrants of series TO4 can choose to exercise the warrants for subscription of shares in the Company, thereby limiting the number of shares in the Directed Issue. It is the Board of Directors’ overall assessment that the reasons for ensuring the exercise of the warrants of series TO4 and, if applicable, carrying out the Directed Issue with deviation from shareholders’ preferential rights with sufficient strength outweigh the reasons supporting the main rule that issues should be carried out with preferential rights for the shareholders.

For the guarantee commitment, a guarantee compensation of ten (10) percent of the guaranteed amount will be paid. The guarantee fee will be paid by way of set-off against newly issued shares in the Company on the same terms as in the Directed Issue (the “Compensation Issue”). These terms also correspond to the terms for the exercise of the warrants of series TO4. The guarantee compensation is considered to be adapted to the prevailing market conditions.

In the event that less than 100 percent of the warrants of series TO4 are exercised for subscription of shares in Minesto, the Board of Directors intends to resolve on the Directed Issue around April 3, 2025, i.e., after the outcome of the exercise of the warrants of series TO4 has been announced.

Through the Directed Issue, the number of shares can increase by a maximum of 6,676,669 and the share capital by a maximum of SEK 333,833.45. Through the Compensation Issue, the number of shares can increase by a maximum of 667,666 and the share capital by a maximum of SEK 33,383.30.

The guarantee commitment is not secured by bank guarantee, escrow funds, pledge, or similar arrangements.

Summarized terms for the warrants of series TO4:

Subscription period: 18 March – 1 April 2025.Last day of trading warrants of series TO4: 28 March 2025.Issue volume: 11,127,782 warrants of series TO4, which entitle to subscription of 11,127,782 shares. If all warrants are exercised, the Company will receive approximately SEK 17.1 million before issuing costs.Exercise price: SEK 1.54 per share.Dilution: Upon full exercise of the warrants of series TO4, the number of shares will increase by 11,127,782 shares, from 194,116,040 to 205,243,822 and the share capital will increase by SEK 556,389.10, from SEK 9,705,802.00 to SEK 10,262,191.10. In the event that all warrants of series TO4 are exercised, the dilution amounts to approximately 5.4 percent of the number of shares and votes in the Company.Please note that warrants of series TO4 that are not exercised no later than on 1 April 2025, or not sold no later than on 28 March 2025, will expire without value. For warrants not to lose their value, the holder must actively subscribe for new shares or sell the warrants.

Complete terms and conditions for the warrants of series TO4 and the prospectus, approved by the Swedish Financial Supervisory Authority and published by the Company on 15 March 2024, is available at the Company’s website, https://www.minesto.com. The prospectus is also available on the Swedish Financial Supervisory Authority’s website, https://www.fi.se.

How warrants are exercised

Nominee-registered warrants (Custody account):
Subscription and payment by exercise of warrants of series TO4 shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.

Direct-registered warrants (Securities account):
No accounts for issuing nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form.

The application form including instructions for payment will be available on the Company’s website, https://www.minesto.com, and on Nordic Issuing’s website,  www.nordic-issuing.se.

Outcome of the exercise of the warrants

The outcome of the exercise of warrants of series TO4 will be published via a press release on or around 3 April 2025. Shares that have been subscribed and paid for will be registered on the subscriber’s securities depository as interim shares (IA) until registration of the share subscription has been completed with the Swedish Companies Registration Office, whereupon the interim shares automatically will be converted into shares in Minesto.

Advisers

Pareto Securities AB is Sole Manager and Bookrunner. MAQS Advokatbyrå is legal adviser to the Company and Baker & McKenzie Advokatbyrå is legal adviser to Pareto Securities in connection with the exercise of warrants of series TO4.

For additional information please contact

Cecilia Sernhage, Chief Communications Officer
+46 (0) 735 23 71 58
ir@minesto.com

This information is such insider information that Minesto AB (publ) is obligated to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted, through the agency of the contact person above, for publication on 24 March 2025, 11:50 CET.

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.

Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €45 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union’s largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.

Read more about Minesto at www.minesto.com

Press images and other media material is available for download via minesto.com/media

Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.

Important information

Publication, release, or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should inform themselves of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of an offer, to acquire or subscribe for any securities in Minesto in any jurisdiction, neither from Minesto nor from anyone else.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and has not been approved by any regulatory authority in any jurisdiction. A prospectus, equivalent to a simplified prospectus for secondary issuances, regarding the rights issue referred to in this press release has been prepared and published by the Company on 15 March 2024. In any EEA Member State, this communication is only addressed to and is only directed at “qualified investors” in that Member State within the meaning of the Prospectus Regulation.

This press release does not identify, or purport to identify, risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement is for background purposes for the Rights Issue only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. Pareto Securities AB acts for Minesto and not on behalf of anyone else. Pareto Securities AB is not liable to anyone else for providing the protection provided to their clients or for providing advice in connection with the Rights Issue or with respect to anything else mentioned herein.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the Unites States, Australia, Belarus, Canada, Hong Kong, Japan, New Zeeland, Russia, Singapore, South Africa, South Korea, Switzerland, or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, “qualified investors” who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

This press release does not constitute an investment recommendation. The price and value of the securities can decrease as well as increase. Achieved results do not provide guidance for future results. Neither the contents of the Company’s website nor any other website accessible through hyperlinks on the Company’s website are incorporated into or form part of this press release.

Failure to follow these instructions may result in a breach of the Securities Act or applicable laws in other jurisdictions.

Forward-looking statements

This press release contains forward-looking statements that reflect the Company’s intentions, beliefs, or current expectations about and targets for the Company’s future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe”, “expect”, “anticipate”, “intend”, “may”, “plan”, “estimate”, “will”, “should”, “could”, “aim” or “might”, or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is required by law or Nasdaq First North Growth Market rule book for issuers.

Information to distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “Target Market Assessment”).

Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in the Company may decline and investors could lose all or part of their investment; the shares in the Company offer no guaranteed income and no capital protection; and an investment in the shares in the Company is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Rights Issue.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in the Company.

Each distributor is responsible for undertaking its own Target Market Assessment in respect of the shares in the Company and determining appropriate distribution channels.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/minesto-ab/r/minesto-has-received-a-top-guarantee-commitment-regarding-the-exercise-of-warrants-of-series-to4,c4122972

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Nanyang Polytechnic introduces Singapore’s First Common Programme in Business, IT and Engineering

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  First-of-its-kind in Singapore, it allows learners articulation into diplomas in three Schools. 
 Programme is one of five new NYP options for the 2025 Early Admissions Exercise.

SINGAPORE, May 21, 2025 /PRNewswire/ — For the first time, learners can opt for and enrol in the new Common Business & Technology Programme (CBTP) offered by Nanyang Polytechnic (NYP). Approved by the Ministry of Education, the new programme will be offered for the first time at the upcoming Early Admissions Exercise (EAE) next month.

The CBTP has innovatively structured the first semester so that entrants can articulate to diplomas in three separate NYP Schools: Business Management, IT and Engineering (or BITE).  Learners will take interdisciplinary modules like Applied Business Fundamentals & Communication, Programming, and UX Design in Web Development in the first semester. After a taster of all three disciplines, they can make informed choices and select their preferred diploma in the three Schools to pursue.

“We believe in empowering learners with the choice to shape their own polytechnic journey,” said Mr Russell Chan, Principal and CEO of NYP. “We call it our ‘programme with bite!’ Why? It’s powerful: it gives learners room to explore their interests in three distinctively different disciplines, discover their strengths, and make confident choices about their future.”

“We’re proud to be the first polytechnic in Singapore to offer this cross-school programme, and we’re excited to see how it opens new doors for a new generation of learners.”

Navigating post-secondary education can be challenging for learners who are still unsure about their pathways. This is perhaps why Common Entry Programmes (CEPs) have gained popularity since their introduction in 2017. Today, 30 per cent of the cohort enrolling into Polytechnics choose CEPs to start their polytechnic life. These Programmes allow learners to spend one or two semesters learning fundamental modules before deciding on their specialised diplomas.  

However, all previous CEPs in local polytechnics have been School-based. This means that learners would go on to specialise in their chosen academic School’s disciplines. For example, a learner who enrols in NYP’s Common Engineering Programme would then choose among the School of Engineering’s diplomas, such as Aerospace Engineering, AI & Data Engineering, or Sustainability in Engineering with Business.

NYP’s new Programme becomes the 26th Common Entry Programme to be offered across the five polytechnics in Singapore. It is one of five new options that NYP is offering for learners starting polytechnic next year in AY2026. Applications for all these courses will be open at the upcoming EAE.

The other new courses are:

1.    Diploma in Biomedical Science with Analytics

With data being critical in the decision-making process, particularly for the healthcare sector where time is of essence, the demand for professionals who can bridge science and analytics is ever increasing. The new Diploma in Biomedical Science with Analytics combines biomedical fundamentals with applied data skills, enabling learners to analyse complex biological datasets to support research, diagnostics, and innovation in healthcare.

Beyond equipping learners with skills in diagnostic and clinical research, graduates will also be equipped with practical skills in AI and data analytics, bioinformatics and biomedical research to put them at the forefront of the biomedical industry.

Through partnerships with leading healthcare institutions and research facilities in Singapore, learners will gain hands-on experience working with real-world biological datasets and analytical tools.

2.    Diploma in Cloud Engineering

The cloud engineering industry is estimated to grow more than 14 per cent annually, and be worth US$1,066 billion globally by 2031[1]. With cloud platforms now underpinning everything from e-commerce to entertainment, the demand for cloud engineers continues to surge.

NYP’s new Diploma in Cloud Engineering is the only polytechnic course in Singapore that integrates both hardware and software knowledge and skills, preparing tomorrow’s cloud engineers with the skills to design, build and manage the infrastructure that powers digital transformation across various industries.

Learners will gain hands-on experience through projects and internships with industry leaders in cloud technology like GovTech and Singtel-Nxera, and be equipped with industry-recognised certifications from AI Singapore.

3.    Diploma in Media & Communication Management

In a media landscape driven by digital platforms and rapid content cycles, communicators must be strategic, agile, and tech-savvy. The Diploma in Media & Communication Management will train learners at thinking holistically about strategic communication, craft compelling messages, manage brand narratives, and execute integrated campaigns across multiple channels.

Learners will gain practical experience not just in the aspect of media and communications like content creation, public relations, and communications strategy, but also business management fundamentals, preparing them for dynamic roles in branding, media, corporate communications and beyond. They will be able to put these skills into practice through internships and projects with the likes of Mediacorp, SGAG, and Mothership.

4.    Diploma in Business Management: New Specialisations in AI, Psychology

A McKinsey report in 2025[2] found that while nearly all companies invest in AI, only one per cent consider themselves mature in AI integration – not due to a lack of technology or talent, but a shortfall in strategic leadership and human-centred thinking.

To equip our learners with future-ready skills needed to thrive in the everchanging landscape, NYP’s Diploma in Business Management will offer two new specialisations from academic year 2026 (commencing Apr 2026) – AI & Business Digitalisation and Business Psychology.

The only business diploma in Singapore that allows learners to start specialising from year two, the diploma also boasts the largest number of specialisations – seven – among local polytechnics. Beyond the two new specialisations, learners can choose from existing specialisations like International Business, Human Capital Management, E-Commerce & Retail, Supply Chain & Logistics Management, and Marketing.

More information on all five new course offerings is found in the Annexes.

Enrolment into these new programmes starts in June 2025, through the EAE. For more information, visit NYP’s EAE Festival on campus on 30 and 31 May 2025, or www.nyp.edu.sg/eae

FACT SHEETS

ANNEX A

All of NYP’s new diploma offerings are taught under its unique Professional Competency Model – as its name suggests, it is about ensuring that graduates emerge with skills that address real world needs alongside theoretical knowledge.

This integrated approach means that subjects are not taught in isolation but are combined in practical, real-world scenarios. For instance, when learners work on assignments and projects, they simultaneously apply technical knowledge, data analysis skills, and business communication as they develop solutions and present recommendations.

Through partnerships with industry leaders, learners will undergo curriculum that is co-developed and co-taught by experts in their field. They will also receive industry-recognised co-certificates that put them a step ahead of their peers.

Common Business & Technology Programme (CBTP)

School of Business Management, School of Engineering, School of Information Technology

This new cross-disciplinary common entry programme helps address a common challenge faced by post-secondary learners who are uncertain about their preferred diploma. Many O-Level graduates, while possessing strong academic foundations, often find it challenging to choose between business, engineering, or technology pathways. The CBTP provides these learners with the unique opportunity to experience all three disciplines firsthand, allowing them to make more informed decisions about their academic and career trajectories based on actual experience rather than preconceptions.

Learners who enrol in the CBTP will learn the fundamentals for all three disciplines in their first semester, before selecting one discipline to pursue. Those who choose the business discipline will pursue a Diploma in Business Management, while learners with interest in engineering or technology will be posted to the Common Engineering Programme or the Common ICT Programme respectively. This group of learners will undergo another semester in the common entry programme and take on more domain-specific modules, before deciding on their preferred Engineering or IT diploma to pursue from Year 2.

As part of the programme, learners will also go through a series of education and career guidance (ECG) activities, including school immersion activities, career profiling, and mentorship, to guide them in making confident and informed choices about their learning path.

ANNEX B

Diploma in Biomedical Science with Analytics (DBMSA)

School of Applied Science

With hands-on experience in analysing datasets and leveraging analytical tools, DBMSA learners are skilled in handling both laboratory and analytical work. The programme’s industry-aligned curriculum ensures graduates are ready to contribute in clinical research organisations, pharmaceutical companies, or healthcare technology firms. They will be equipped to support data-driven decision-making in healthcare, contribute to biomedical lab research, and drive innovation in diagnostic technologies.

Graduates of the Diploma programme can sit for the International Medical Laboratory Technician MLT(ASCPi) certification examinations offered by the American Society for Clinical Pathology (ASCP). This internationally recognised qualification is highly valued, being a benchmark of excellence for laboratory professionals across more than 30 nations. Having this certification enhances one’s prospects for both job opportunities and career growth within the healthcare sector.

ANNEX C

Diploma in Cloud Engineering (DCE)

School of Engineering

Cloud engineers are the brains that power the tech behind the likes of Netflix and Spotify. Additionally, businesses and government agencies are also moving operations and data to the cloud for scalability, flexibility, and cost-efficiency, bringing about an increasing need for skilled and versatile individuals.

DCE prepares learners for more than just data centre management. In addition to key domain skillsets in cloud engineering such as cloud architecture, automation and cybersecurity, it also equips them with significant transferrable skills in innovation, sustainability, digitalisation and AI, which aligns with broader digital sustainability efforts in Singapore.

As Singapore continues its Smart Nation journey, DCE graduates will be well-positioned to support various sectors in their cloud adoption and digital transformation efforts, contributing effectively to Singapore’s growing digital economy.

ANNEX D

Diploma in Media & Communication Management (DMCM)

School of Business Management

DMCM equips learners with competencies in the likes of business communication and innovation, business intelligence and data science, digital media communication, on top of hard skills in media design and production. Learners graduate as all-rounders in media, communications and business – opening doors for hybrid roles and multiple pathways for further studies.

Through partnerships with prominent media organisations, the public sector, and businesses, learners can hone their ability to produce compelling content that educates, amuses, and motivates audiences. They also gain hands-on experience through industry-based projects, learn from seasoned professionals during guest sessions, and build valuable connections whilst staying current with emerging media trends.

For example, year one learners can enhance their presentation abilities through workshops with SPH Radio, with the opportunity to work alongside evening radio presenters.

ANNEX E

Diploma in Business Management (DBM)

School of Business Management

The dual specialisation structure in a business management diploma addresses a growing industry need for hybrid talent – professionals who are agile, adaptable, and able to work across disciplines. As the business landscape evolves, graduates will need more than technical knowledge. They will need the ability to think creatively, analyse trends, and understand people.

The new AI & Business Digitalisation specialisation offers learners hands-on learning opportunities with low-code digital tools, empowering them to create business apps and digital solutions with ease. By demystifying technologies like predictive analytics and automation, learners gain the confidence to apply digital strategies in real-world settings – with no technical background required.

In the new Business Psychology specialisation, learners explore areas such as consumer behaviour, user experience (UX), and organisational psychology – skills that are increasingly vital for companies seeking to enhance customer experience and manage workplace change.

[1] Source: Verified Market Research, “Cloud Engineering Market Size And Forecast,”

https://www.verifiedmarketresearch.com/product/cloud-engineering-market/               

[2] Source: McKinsey, “Superagency in the workplace: Empowering people to unlock AI’s full potential,”
https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/superagency-in-the-workplace-empowering-people-to-unlock-ais-full-potential-at-work

 

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SOURCE Nanyang Polytechnic

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MiTAC Computing Powers Next-Gen AI and Cloud Servers at COMPUTEX 2025

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TAIPEI, May 21, 2025 /PRNewswire/ — MiTAC Computing Technology Corporation, a leading server platform designer, manufacturer, and a subsidiary of MiTAC Holdings Corporation (TSE:3706), displays its server-to-data center integration solutions at COMPUTEX 2025 (Booth M1110). In collaboration with Solidigm, a pioneer in enterprise data storage, MiTAC Computing highlights a new level of storage performance tailored for AI, high-performance computing, and enterprise data center environments.

Scaling AI with MiTAC TN85-B8261 and Solidigm D5-P5336 122TB QLC SSD

The MiTAC TN85-B8261 is a 2U dual-socket GPU server built for AI inference workloads, supporting up to four dual-slot GPUs, 24 DDR5-6400 RDIMMs with memory up to 6TB, and 8 NVMe U.2 drives for high-speed performance and serviceability.

With the integration of the Solidigm™ D5-P5336 122TB QLC SSD, the industry’s highest capacity PCIe SSD, TN85-B8261 delivers exceptional read-optimized performance, and significantly improves power and space efficiency, enabling data centers to reduce storage rack space and consume less storage power compared to hybrid HDD and TLC storage arrays. The efficiency gain allows more compute capacity for GPU servers, which is critical for AI data center builds.

Cloud-Optimized Performance with MiTAC R1520G6 and Solidigm D7-PS1010

The MiTAC R1520G6 is a 1U dual-socket server powered by Intel® Xeon® 6700P processors, built for cloud-native and memory-intensive workloads. With support for 10 NVMe U.2 drive bays, it delivers high storage density in a compact footprint.

Paired with the Solidigm™ D7-PS1010—a 15.36TB PCIe 5.0 SSD—the system offers high throughput, low latency, and dependable endurance. Its U.2 15mm form factor and 176L TLC 3D NAND make it ideal for real-time analytics, AI inference, and scalable cloud infrastructure.

Fueling AI-Ready Infrastructure

Whether integrating Intel® Xeon® or AMD EPYC™ processors with advanced accelerators, MiTAC Computing’s server platforms are built to support high-density compute workloads. Solidigm’s enterprise SSDs further elevate system performance by enabling efficient GPU utilization, accelerating AI inference, and supporting high-speed data ingestion—all while maintaining industry-leading performance-per-watt metrics.

Through this strategic collaboration, MiTAC Computing and Solidigm continue to deliver innovative, scalable infrastructure solutions for next-generation AI, high-performance and cloud computing applications.

Visit  MiTAC Computing at COMPUTEX 2025 – Booth M1110
Explore our new launches: https://www.mitaccomputing.com/en/campaign/computex2025

About MiTAC Computing Technology Corporation

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.

Visit our corporate website: https://www.mitaccomputing.com/

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Binance Pay integrates with Pix, enabling instant crypto-powered payments in Brazilian Reais across Brazil

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Functionality already familiar to 174 million Brazilians increases usability and can boost the adoption of cryptocurrencies in the country, says Regional VP Guilherme Nazar

SÃO PAULO, May 21, 2025 /PRNewswire/ — Binance, the world’s largest cryptocurrency platform by trading volume and number of users, has integrated its payment solution, Binance Pay, with Brazil’s Pix system to enable instant payments in the local currency using cryptocurrencies and transfers to any individual or merchant across Latin America’s largest country.

With the integration, Binance users in Brazil can now make instant transfers and payments directly from their accounts on the Binance exchange to any bank account or pay merchants accepting Pix. The value of the digital asset is instantly converted to Brazilian reais with transactions completed in seconds. Supporting over 100 cryptocurrencies, this launch marks the integration of Binance Pay with Brazil’s widely used national Pix payment network — bringing crypto into everyday life and making it easier for users to spend digital assets in real-world transactions.

Richard Teng, CEO of Binance, says: “Integrating Pix, a remarkable development by the government of Brazil, with Binance Pay marks a revolutionary step forward, combining the speed and accessibility of Brazil’s instant payment system with the global reach and innovation of Binance. This synergy empowers users with seamless, real-time transactions, enhancing the crypto experience and driving financial inclusion to new heights.”

Guilherme Nazar, Binance’s regional vice president for Latin America, adds: “This is a significant milestone because it is the first time Binance Pay is integrated into a national payment system in the world. It allows our users in Brazil to use their cryptocurrencies for payments at any commercial establishment and to anyone in the country, quickly, safely and easily, using a system they are already familiar with. This launch makes cryptocurrencies more accessible and usable in everyday life, and reflects Binance’s commitment to customizing its global products to meet the demands of our local users.”

Pix, an instant payment service launched by the Central Bank of Brazil, has been gaining the preference of Brazilians since its launch in 2020. Currently, more than 174 million people and many institutions use the service in the country and carry out around 6 billion transactions per month, according to data from the authority.

According to the survey “Brazilians and their Relationship with Money“, released by the Central Bank, Pix is already used by 76.4% of the Brazilian population, surpassing the use of cash (68.9%) and debit cards (69.1%).

“Payments are one of the most obvious uses of cryptocurrencies. The integration of Binance Pay with Pix makes cryptocurrency payments more intuitive and familiar to Brazilians who are already accustomed to the Central Bank’s tool, and consequently boosts the growth of digital asset adoption in the country”, adds Nazar.

Brazil is the 6th-largest market in cryptocurrency adoption in the world, with around 17.5% of the population already owning some type of digital asset, according to data from the Triple-A consultancy. A recent survey conducted by Instituto Locomotiva for Binance showed that 42% of Brazilian investors already have exposure to digital assets, a percentage equal to that of those who own investment funds and stocks.

To learn how to use Pix with Binance Pay, click here.

About Binance Pay

Binance Pay is a seamless, borderless, and secure cryptocurrency payment feature on the Binance app, allowing users and merchants to pay, send and receive crypto worldwide without incurring gas fees. With support for over 300 cryptocurrencies, it caters to more than 40 million active users and 32,000 merchants. Trusted by over 270 million people across 100+ countries, Binance stands as the world’s largest cryptocurrency exchange by trading volume and registered users.

SOURCE Binance

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