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Trax’s eMRO and TraxDoc solutions selected by Singapore Airlines

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MIAMI, Feb. 19, 2024 /PRNewswire/ — Trax, a leading global provider of paperless aviation maintenance and engineering software products, announced that it has entered into an agreement with Singapore Airlines (SIA) to provide its eMRO and TraxDoc solutions to support SIA’s evolving digital documentation needs.

SIA determined the Trax products fulfill SIA’s requirements for generating maintenance work instructions and related technical documentation through a comprehensive enterprise solution. SIA will use Trax’s eMRO to streamline the process of authoring, approving, and packaging maintenance tasks. The addition of the TraxDoc solution will afford complementary benefits by importing OEM and other content, enabling the automated creation of digital task cards and relevant data without the need to manage additional databases.

“Trax is honored to provide the advanced technological software solutions that aid SIA in its digital transformation of its technical documentation requirements,” said Jose Almeida, Trax’s President. “This agreement further accelerates our growth in Asia-Pacific and more strongly positions us to support other airlines in the region who are considering replacing their legacy maintenance systems with commercially available off-the-shelf cloud and mobile software solutions like Trax.”

About Trax: Trax is the premier provider of aviation maintenance mobile and cloud products in the global aviation market and a wholly-owned subsidiary of AAR CORP. Trax products support digital signatures, paperless working, including workpacks and manuals, RFID-capability for logistics, biometric security, offline capability for its suite of mobile apps, web-based applications, and the ability for users to work anywhere with easy access to real-time information. Through its eMRO and eMobility products, Trax provides comprehensive software solutions designed to manage all aspects of aircraft maintenance.  For more information, visit https://trax.aero/.

Contact: Maureen Coletta
Phone: +1-305-662-7400 X630
Email: maureen.coletta@trax.aero

This press release contains certain statements relating to potential future activities, opportunities and conditions related to the Trax business and Trax’s digital services and contractual activities generally, including potential for future growth in the Asia-Pacific region and Trax’s position in the region. Such statements are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 which reflect management’s expectations about future conditions. Forward looking statements may also be identified because they contain words such as ”anticipate,” ”believe,” ”continue,” ”could,” ”estimate,” ”expect,” ”intend,” ”likely,” ”may,” ”might,” ”plan,” ”potential,” ”predict,” ”project,” ”seek,” ”should,” ”target,” ”will,” ”would,” or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in AAR CORP.’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described and the anticipated benefits may not be realized. These events and uncertainties are difficult or impossible to predict accurately and many are beyond Trax’s control. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.

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SOURCE Trax

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BlueFocus Hits RMB 60 Billion in 2024 Revenue, with AI-Powered Growth Surging Tenfold

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BEIJING, April 28, 2025 /PRNewswire/ — On the evening of April 24, BlueFocus released its 2024 annual report, posting full-year revenue of RMB 60.797 billion, up 15.55% year-on-year. It is now the first marketing company in China to surpass RMB 60 billion in annual revenue.

Amid technology transformation and global expansion, the company recorded a positive inflection in operating gross margin, supported in part by significant growth in AI-driven business.

“BlueFocus has entered what is arguably the most strategically focused and decisive era in its history,” said Fei Pan, CEO of BlueFocus. “We are committed to transforming into a true AI-powered marketing technology company, tapping into the trillion-RMB-scale opportunities emerging from the restructuring of both China’s marketing industry and the global outbound market.”

Since 2023, the company has fully committed to an “All in AI” strategy, developing its proprietary industry model, BlueAI, now powering over 95% of operational workflows. Efficiency gains across integrated marketing, intelligent advertising, and global outbound business have improved by 60% to 1000%. In 2024, AI-driven revenue reached RMB 1.2 billion, surging more than tenfold year-on-year.

Looking ahead, BlueFocus anticipates AI-driven revenue to reach RMB 3–5 billion in 2025 and surpass RMB 10 billion longer-term. Fei Pan noted, “Reaching this milestone will be measured by three benchmarks: high gross margins, high AI integration intensity, and the creation of revenue models enabled by AI. Ultimately, 70% to 80% of BlueFocus’s revenue must be reinvented through AI, transforming into high-quality revenue streams.”

Meanwhile, BlueFocus’s Globalization 2.0 strategy is advancing at pace. In 2024, overseas advertising revenue reached RMB 48.333 billion, representing a 29.36% year-on-year increase and accounting for nearly 80% of total revenue. Advertising revenue generated through strategic partners including Meta, Google, and TikTok for Business continued to deliver double-digit growth.

BlueFocus is also accelerating the expansion of its localized network, having established offices in the United States, Singapore, Japan, the Netherlands, Vietnam, Thailand, Canada, Saudi Arabia, and Brazil. It plans to open an additional three to five branches across Southeast Asia, Europe, and South America.

Powered by the synergy between its AI strategy and Globalization 2.0 initiatives, BlueFocus is poised to redefine marketing valuation standards. Its ambition is to evolve into a marketing technology leader rooted in technological innovation and driven by a bold global vision, ultimately becoming a defining Chinese example in the evolution of the global marketing landscape.

 

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SOURCE BlueFocus

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James E. Malackowski Recognized with the Highest Honor in Intellectual Property Licensing

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The Licensing Executives Society International presents a Gold Medal to Ocean Tomo Co-founder James E. Malackowski.

SINGAPORE and JERICHO, N.Y., April 28, 2025 /PRNewswire/ — J.S. Held announces that the Licensing Executives Society International (LES) has recognized intellectual property expert James E. Malackowski with its highest honor in the business of intellectual property – the LES Gold Medal. Mr. Malackowski was presented with the LES Gold Medal for his exceptional contribution to LESI and the licensing profession during the 2025 LES International Annual Conference in Singapore. He is only the 31st recipient of the LES Gold Medal, first awarded in 1971.

Notably, Mr. Malackowski joins only six others who have received the LES Gold Medal and inclusion in the IP Hall of Fame, a combination generally regarded as the ultimate recognition in the IP services industry. Mr. Malackowski was inducted as the 87th member of the IP Hall of Fame in 2022. 

Others who have been similarly recognized with both such awards are Dudley B. Smith who was instrumental in forming the Licensing Executives Society; Heinz Goddar who is widely regarded as a global IP luminary dedicating his career to advancing the understanding of IP across academia, research, governmental, and commercial enterprises; Thierry Sueur who helped shape IP policy in his role at the International Chamber of Commerce as well as his work as chairman of the IP Committee of the French business federation MEDEF and vice chairman of the board of the French Patent Office; Francis Gurry as the former Director General of the World Intellectual Property Organization (WIPO); Randall R. Rader as former Chief Judge of the United States Court of Appeals for the Federal Circuit; and, Hon. Pauline Newman who was appointed to the United States Court of Appeals for the Federal Circuit in 1984. 

Mr. Malackowski’s latest award follows annual recognition since 2007 by leading industry publications. He has been included as one of the ‘World’s Leading IP Strategists’; listed among “50 Under 45” by IP Law & Business™; included in the National Law Journal’s inaugural list of 50 Intellectual Property Trailblazers & Pioneers; named as one of “The Most Influential People in IP” by Managing Intellectual Property™; selected as 1 of 50 individuals, companies, and institutions that framed the first 50 issues of IAM Magazine; and noted as 1 of 60 leading global Economics Expert Witnesses by the same publication. In 2011, Mr. Malackowski was selected by the World Economic Forum as one of less than twenty members of the Network of Global Agenda Councils to focus on questions of IP policy. In 2013, he was inducted into the Chicago Area Entrepreneurship Hall of Fame by the Institute for Entrepreneurial Studies at the University of Illinois at Chicago College of Business Administration.

Mr. Malackowski is widely known for his work to develop a more efficient and transparent market for IP rights, including oversight for the Ocean Tomo 300® Patent Index, the first large-scale public auction for patents, the framework for the Intellectual Property Exchange International, and the current online market for patent sales—OceanTomoBidAsk.com. Mr. Malackowski has led the publication of the Ocean Tomo Intangible Asset Market Value® study for more than twenty years documenting the transition of global markets from tangible assets to intangible assets driven. Malackowski’s firm continues to update this study, which has been downloaded and cited by third parties on more than 150,000 occasions.

Mr. Malackowski has focused his not-for-profit efforts with organizations leveraging science and innovation to benefit children and students, including those in less developed countries. He served for more than twenty years as a Trustee or Director of the National Inventors Hall of Fame, Inc., an organization providing summer enrichment programs for more than 100,000 students annually. For more than ten years, Mr. Malackowski served as a Director of Chicago’s Stanley Manne Children’s Research Institute, advancing the organization’s agenda to measure and report the impact of its pediatric research.

Mr. Malackowski is a frequent speaker on emerging technology markets and related financial measures. He has addressed mass media audiences, including Bloomberg Morning Call, Bloomberg Evening Market Pulse, Bloomberg Final Word, CNBC Closing Bell, CNBC On the Money, CNBC Street Signs, CNBC World Wide Exchange, CBS News Radio, and Fox Business National Television, as well as other recognized news-based internet video channels.

As an inventor, Mr. Malackowski has twenty issued U.S. patents. He is a frequent instructor for graduate studies on IP management and markets and a Summa Cum Laude graduate of the University of Notre Dame, majoring in accountancy and philosophy. He is a Certified Licensing Professional and a Registered Certified Public Accountant in the State of Illinois.

About Ocean Tomo

Ocean Tomo provides Expert Opinion, Management Consulting, Advisory, and Specialty Technical Services focused on matters involving intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

More than 1,500 professionals serve organizations across six continents, including 84% of the Global 200 Law Firms, 75% of the Forbes Top 20 Insurance Companies (90% of the NAIC top 50 Property & Casualty Insurers), and 71% of the Fortune 100 Companies.

Verdantix, in their Green Quadrant: Enterprise Risk Management Consulting Services (2025) report, benchmarks 15 of the most prominent enterprise risk management (ERM) advisors, identifying global consulting firm J.S. Held among the leading companies based on capabilities and momentum.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC, or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Kristi L. Stathis | Global Public Relations | +1 786 833 4864 | Kristi.Stathis@jsheld.com

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Singaporean lithium-ion battery maker Durapower plans for U.S. manufacturing presence as part of global expansion

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Seeking collaboration partners to establish a manufacturing facility in U.S. for its lithium-ion battery solutionsParticipating in Advanced Clean Transportation Expo (“ACT Expo”) event from 28 April to 1 May 2025 in Anaheim, California to showcase battery solutions for the North American market

SINGAPORE, April 27, 2025 /PRNewswire/ — Singaporean lithium-ion battery cell and pack manufacturer, Durapower Technology (Singapore) Private Limited (“Durapower” or the “Company”) is exploring to setup a local manufacturing facility in the U.S, as part of its global expansion plans.

The Company is currently looking for potential joint venture partners for its U.S. manufacturing facility and hopes to initiate discussions at the Advanced Clean Transportation Expo (“ACT Expo”) event in Anaheim, California from 28 April 2025 to 1 May 2025, where it will showcase its wide range of battery technologies and solutions for the North American market. Additionally, Mr. Sanjay Bakshi, Durapower’s Group Director and Head of the North America market, will be attending the Select USA Investment Summit in Washington, D.C. from 11 – 14 May 2025.

Mr. Kelvin Lim, Chief Executive Officer of Durapower Group commented, “With our strong expertise in battery technology and rich portfolio of products and services, we believe that now is the right time to start planning our foray into the U.S market. The U.S. market is an important market that may present abundant opportunities for our future growth plan, and we look forward to exploring local partnerships in the U.S. and expanding Durapower’s global manufacturing footprint and product presence.”

Durapower is a Singaporean battery cell developer and manufacturer of lithium-based energy storage solutions with more than 15 years of track record in the automotive, ESS and marine industry. With its presence across 25 countries in Europe and Asia, Durapower’s high quality and performance battery solutions have been deployed in hundreds of vehicles, vessels and energy storage systems worldwide. It has multiple manufacturing bases around the world and boasts a strong safety track record to date with more than 1 billion electric kilometers driven.

Durapower develops battery technology research, owns proprietary manufacturing knowhow, and has also established international collaborations to support the development of scalable and sustainable batteries for the circular economy. The Company’s battery solutions enable critical applications with high performance, long life and safe operation, and serve the following four major market segments:

E-mobility – Focused on last mile delivery fleets to commercial vehicles like buses and trucksSpecialty – Industrial, port electrification and heavy vehicles to Automated Guided Vehicles (“AGV”)Marine –All types and sizes of maritime vessels, including modular batteries for retrofitting of diesel vessels to electricStationary – Energy Storage Systems (“ESS”)

In addition to its constant R&D into battery technology, Durapower’s cutting-edge technological innovations include DP Pulse, a remote battery monitoring digital solution which combines revolutionary machine learning models with big data to further enhance customer use cases by improving battery health visibility and supporting predictive maintenance, thus enabling a higher uptime and peace of mind.

About Durapower Group             (www.durapowergroup.com)

Headquartered in Singapore, Durapower offers closed-loop, end-to-end energy storage solutions for the electric mobility and renewable energy applications including on and off-road Electric, Hybrid and Plug-in Hybrid Electric Vehicles, electric marine vessel and stationary energy storage solutions. Since 2009, Durapower has been a leading innovator of Lithium-Ion cell technology, focusing on the research and development of battery materials, battery cell manufacturing and system integration.

With a global presence spanning 25 countries and 70 cities, including European countries, China, India and Southeast Asia. Durapower Group strives to make scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future towards a carbon neutral economy.

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SOURCE Durapower Group

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