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Digital Realty Trust, L.P. Announces Pricing of $1.0 Billion Exchangeable Senior Notes Offering

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AUSTIN, Texas, Nov. 6, 2024 /PRNewswire/ — Digital Realty Trust, Inc. (NYSE: DLR), (“Digital Realty”), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, today announced that its subsidiary, Digital Realty Trust, L.P. (“Digital Realty L.P.”), priced its offering of $1,000,000,000 aggregate principal amount of 1.875% exchangeable senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Digital Realty will fully and unconditionally guarantee the notes on a senior, unsecured basis. The issuance and sale of the notes are scheduled to settle on November 12, 2024, subject to customary closing conditions. Digital Realty L.P. also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $150,000,000 principal amount of notes.

The notes will be senior, unsecured obligations of Digital Realty L.P. and will accrue interest at a rate of 1.875% per annum, payable semi-annually in arrears on May 15 and November 15 of each year, beginning on May 15, 2025. The notes will mature on November 15, 2029, unless earlier repurchased, redeemed or exchanged. Before August 15, 2029, noteholders will have the right to exchange their notes only upon the occurrence of certain events. From and after August 15, 2029, noteholders may exchange their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Digital Realty L.P. will settle exchanges in cash and, if applicable, shares of Digital Realty’s common stock. The initial exchange rate is 4.7998 shares of Digital Realty’s common stock per $1,000 principal amount of notes, which represents an initial exchange price of approximately $208.34 per share of Digital Realty’s common stock. The initial exchange price represents a premium of approximately 20.0% over the last reported sale price of $173.62 per share of Digital Realty’s common stock on November 6, 2024. The exchange rate and exchange price will be subject to adjustment upon the occurrence of certain events.

The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Digital Realty L.P.’s option at any time, and from time to time, on or after November 22, 2027 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Digital Realty’s common stock exceeds 130% of the exchange price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require Digital Realty L.P. to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.

The notes will be entitled to the benefits of a registration rights agreement pursuant to which Digital Realty will agree to register, under the Securities Act, the resale of the shares of Digital Realty’s common stock, if any, issuable upon exchange of the notes within specified time periods and subject to certain limitations.

Digital Realty L.P. estimates that the net proceeds from the offering will be approximately $979.3 million (or approximately $1,126.8 million if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and Digital Realty L.P.’s estimated offering expenses. Digital Realty L.P. intends to use the net proceeds from the offering to temporarily repay borrowings outstanding under its global revolving credit facilities, acquire additional properties or businesses, fund development opportunities, and to provide for working capital and other general corporate purposes, including potentially for the repayment of other debt or the repurchase, redemption, or retirement of outstanding debt securities, or a combination of the foregoing.

The offer and sale of the notes, the guarantee and any shares of Digital Realty’s common stock issuable upon exchange of the notes have not been registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. Although Digital Realty L.P. and Digital Realty will enter into a registration rights agreement pursuant to which Digital Realty will agree to register, under the Securities Act, the resale of the shares of Digital Realty’s common stock, if any, issuable upon exchange of the notes, the registration rights agreement will contain significant limitations, and a resale registration statement may not be available at the time investors wish to resell the shares of Digital Realty’s common stock, if any, issuable upon exchange of their notes. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of Digital Realty’s common stock issuable upon exchange of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.

About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents.

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 415 275 5344
InvestorRelations@digitalrealty.com

Safe Harbor Statement
This press release includes forward-looking statements, including statements regarding the completion of the offering and the expected amount and intended use of the net proceeds. Forward-looking statements represent Digital Realty’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, the satisfaction of the closing conditions related to the offering and risks relating to Digital Realty’s business, including those described in periodic reports that Digital Realty files from time to time with the SEC. Digital Realty L.P. may not consummate the offering described in this press release and, if the offering is consummated, cannot provide any assurances regarding its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and neither Digital Realty nor Digital Realty L.P. undertakes to update the statements included in this press release for subsequent developments, except as may be required by law.

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SOURCE Digital Realty Trust

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Loyyal’s Xpand Point Partners with Easyrewardz to bring Loyalty Points Exchange for Programs across Middle East, India, Europe and APAC

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November 7, 2024

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Partnership to offer loyalty points exchange for travel, hospitality, and lifestyle rewards for banking customers beyond borders

DUBAI, UAE, Nov. 7, 2024 /PRNewswire/ — Easyrewardz, a leading provider of cloud-based CRM and loyalty platform, has announced a strategic partnership with Loyyal, a UAE-based pioneer in blockchain-powered loyalty solutions. This collaboration is set to redefine the loyalty landscape by introducing enhanced point conversion capabilities and offering unique, experiential redemption options, giving customers more flexible and engaging ways to use their loyalty points.

The collaboration will bring Loyyal’s innovative loyalty points exchange platform, Xpand Point to India’s BFSI (Banking, Financial, and Insurance) sector, integrating it with Easyrewardz Loyalty Management System (LMS) to provide businesses with tools that enhance customer retention and drive deeper engagement. Through this partnership, millions of banking members will unlock a new world of benefits, both within India and globally, with exciting opportunities to earn, redeem, and exchange points across various categories of offers.

This alliance brings together two industry leaders, creating a powerful synergy that enhances their value propositions and sets the stage for a transformation in the loyalty market. The partnership also taps into growth opportunities in the Middle East, Europe and APAC region, with a focus on high-demand markets like Saudi Arabia, UAE, UK, Germany, Turkey, Singapore, Hong Kong and Australia where the need for advanced loyalty programs is rapidly increasing. These opportunities will be harnessed through a comprehensive redemption catalogue and Loyyal’s Xpand Point platform, enabling seamless integration and enhanced member experiences.

Ashish Kumar Singh, CEO of Loyyal, quoted, “We are thrilled to partner with Easyrewardz to bring our blockchain-powered loyalty ecosystem to the BFSI sector in India. This collaboration represents a significant opportunity for both companies to innovate and redefine customer engagement across multiple markets, leveraging our combined strengths to deliver personalized and rewarding experiences.”

The partnership aims to create additional growth opportunities for both companies by establishing them as channel partners. Together, Easyrewardz and Loyyal will promote each other’s services, collaborate on marketing initiatives, and offer cross-platform solutions that amplify customer loyalty and engagement. This partnership will enable Easyrewardz to leverage Loyyal’s network of merchants and points exchange partners in India to its clients and prospects in the GCC region through a redemption catalogue and the Loyyal Points Exchange platform.

Soumya Chatterjee, Co-Founder & CEO of Easyrewardz, highlighted the broader impact of this collaboration, saying, “At Easyrewardz, we have always been committed to creating exceptional customer experiences by understanding and anticipating the needs of businesses.

Our partnership with Loyyal will not only allow us to deepen our presence in the BFSI sector but also open doors to new possibilities in the GCC region. Easyrewardz has always had a customer-centric approach and thus by integrating Loyyal’s innovative Points Exchange platform – Xpand Point, into our existing reward offering we are further enhancing our affluent offerings and catering to the growing demand in premium segments for outbound travel and experiences.  Together, we will reshape the way businesses approach loyalty, focusing on delivering exceptional value and driving sustainable growth for our clients across industries.”

This partnership is set to deliver significant benefits for businesses by enabling them to adopt more flexible, personalized, and data-driven loyalty programs. With the ability to engage customers at multiple touchpoints and simplify redemption processes, the combined expertise of Loyyal and Easyrewardz will offer unparalleled loyalty solutions that foster deeper customer relationships and generate long-term value.

Gunjan Kumar, Chief Revenue Officer of Loyyal, expressed the significance of this collaboration, stating, “Our partnership with Easyrewardz marks a pivotal step in redefining customer loyalty. By integrating Loyyal’s cutting-edge Xpand Point platform with Easyrewardz extensive expertise in the BFSI sector, we are crafting a robust solution that not only meets current demands but also anticipates future trends in customer engagement. Together, we are moving beyond mere transactional loyalty to foster deeper, lasting relationships that enhance member retention.”

As industries increasingly focus on retaining loyal customers and nurturing brand advocates, this partnership positions Loyyal and Easyrewardz at the forefront of innovation, offering businesses the tools and strategies they need to remain competitive in the rapidly evolving loyalty landscape.

About Loyyal

Loyyal is renowned for its innovative Enterprise SAAS Suite for Loyalty & Payments powered with patented blockchain technology, based in UAE, US and India. Loyyal SAAS disrupts loyalty industry with metrics of incremental revenue, rapid growth and scalability at the lowest possible cost. Xpand Point, the world’s first blockchain enabled loyalty points exchange platform leverages Loyyal’s unique USP to empower every program with interoperable exchange facility across different programs, categories both locally and internationally. For more information, please visit www.loyyal.com for PR related queries contact Janis.dsouza@loyyal.com.

About Easyrewardz

Easyrewardz is an industry-agnostic cloud-based CRM & Loyalty platform that enables seamless omnichannel customer experience. Easyrewardz innovative ways to engage new customers & retain existing ones by leveraging technology are helping businesses embrace digital disruption leading to excellent customer experiences. Easyrewardz has more than a decade experience in managing BFSI, Retail and B2B loyalty & CRM programs to provide a seamless & rewarding experience to their customers, enabling consistent engagement.

More than 180 brands, including RBL Bank, Kotak Bank, J&K Bank, Bajaj Finserv, IIFL, Muthoot Fincorp, Bata (India & APAC), BESTSELLER, The Belgian Waffle, The Body Shop, Levi’s, Soch, Senco, and Motherhood Hospitals have trusted Easyrewardz to create brand markers and delight customer. For more information, please visit www.Easyrewardz.com

Photo – https://mma.prnewswire.com/media/2550900/Loyyal_and_Easyrewardz.jpg

 

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XtalPi and Sinar Mas Multiartha Launch Strategic Partnership to Revolutionize AI Across Asia-Pacific

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November 7, 2024

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SINGAPORE, Nov. 7, 2024 /PRNewswire/ — XtalPi (2228.HK) has announced a strategic partnership with Indonesia’s powerhouse, led by one of its prominent business pillar Sinar Mas Multiartha. This landmark collaboration is set to transform the future of artificial intelligence (AI) and robotics across the Asia-Pacific region. By establishing an ambitious joint venture, the alliance will integrate XtalPi’s cutting-edge AI and robotics research capabilities with Sinar Mas Group’s extensive industry reach, setting the stage for a commercial and technological revolution.

Sinar Mas Group, one of Indonesia’s most influential and diversified conglomerates, maintains a commanding presence across sectors such as healthcare, mining, renewable energy, logistics, consumer goods, chemicals, and financial services. With its robust supply chain and deep market penetration across the Asia-Pacific, the Group is well-positioned to drive industry innovation through advanced AI solutions, reshaping the region’s economic landscape.

XtalPi is a global leader in integrating AI and robotics for life sciences and advanced materials R&D, collaborating with over 300 top-tier enterprises and research institutions worldwide. Known for transforming scientific discoveries into commercially viable technologies, XtalPi has developed groundbreaking platforms that empower scientists to generate and analyze innovative, complex chemical and biological molecules of desired properties and functions at exceptional speed and precision. 

Founded in 2015 by three visionary MIT postdoctoral physicists, XtalPi has been at the forefront of advancements in AI for Science. By combining quantum physics, AI, cloud computing, and large-scale robotics, XtalPi delivers world-class R&D services that solve bottleneck problems and accelerate innovation in medicine, renewable energy, advanced materials, and beyond. XtalPi positions itself as a transformative force reshaping global industries, helping its partners increase the overall efficiency and success rate for breakthrough discoveries.

The partnership between XtalPi and Sinar Mas Group is set to unlock a powerful synergy of expertise. By delivering pioneering, commercially potent solutions across various sectors, this venture will drive significant revenue growth and fuel regional economic expansion. Together, the companies aim to seize opportunities in Southeast Asia’s booming AI market, setting new benchmarks for innovation, competitiveness, and economic influence.

“We are honored to join forces with Sinar Mas Group to realize our shared vision of using advanced technologies like AI to build a healthier, more sustainable future rich in discoveries,” said Shuhao Wen, Chairman of XtalPi. “The Group’s extensive industrial expertise and strategic market reach, combined with XtalPi’s trailblazing AI and robotics platform, will enable us to lead digital and intelligent transformation in key sectors such as renewable energy and advanced materials. We are thrilled about the unprecedented commercial potential this partnership unlocks, bringing next-generation solutions to Southeast Asia and beyond, benefiting global communities.”

By merging their strengths, XtalPi and Sinar Mas Group are set to redefine AI’s impact on industries across the Asia-Pacific, igniting accelerated growth and groundbreaking technological advancements. Together, they are paving the way for a smarter, more sustainable future.

About XtalPi

XtalPi (stock code: 2228.HK) is a quantum physics-based, AI-powered, and robotics-driven, innovative R&D platform company. Established in 2015 by three postdoctoral physicists at Massachusetts Institute of Technology (MIT), the company is dedicated to driving intelligent and digital transformation in the life sciences and materials sciences sectors. XtalPi combines quantum physics, AI, cloud computing, and large-scale robotics to provide R&D solutions and services for biomedicine, chemical, renewable energy and advanced materials industries globally.

About Sinar Mas Group

Sinar Mas Group, one of Indonesia’s most influential and diversified conglomerates, maintains a commanding presence across sectors such as healthcare, mining, renewable energy, logistics, consumer goods, chemicals, and financial services. With its robust supply chain and deep market penetration across the Asia-Pacific, the Group is well-positioned to drive industry innovation through advanced AI solutions, reshaping the region’s economic landscape.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xtalpi-and-sinar-mas-multiartha-launch-strategic-partnership-to-revolutionize-ai-across-asia-pacific-302298273.html

SOURCE XtalPi Inc.

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SkyPixel and DJI Call on Creators for 10th Annual Photo and Video Contest

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November 7, 2024

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Entrants Invited to Share Creativity and Win Prizes Totaling Over $170,000

SHENZHEN, China, Nov. 6, 2024 /PRNewswire/ — DJI and SkyPixel, one of the world’s most popular online communities for aerial photography and videography, have opened the 10th anniversary of the Annual SkyPixel Photo & Video Contest. Running from November 7, 2024, to February 10, 2025, the competition showcases the evolution of aerial photography over the past ten years with an ever-increasing number of people appreciating other’s unique forms of expression found on the community site. As part of this evolution, this year will include the first ever ‘Handheld’ category in response to the growing number of people using handheld cameras to showcase their talent. To recognize the creativity submitted, the total prize package is worth over $170,000.

“Beauty is in the eye of the beholder, and for 10 years now, the SkyPixel Annual Photo & Video Contest has been proud to award photographers and videographers for capturing and sharing their perspective of beauty with the world,” said Ferdinand Wolf, Creative Director at DJI. “The SkyPixel platform continues to be a community that ignites imaginations, reimagines the art of imagery, and embraces the diverse experiences of individuals and communities across the world.”

Ten Years Celebrating Creativity

Established in 2014, SkyPixel is a leading global community celebrating the remarkable stories that have shaped the art of image capture. The platform has become a huge success, garnering over 55 million registered users and accumulating over 50 million breathtaking aerial images and videos uploaded daily by photography and videography enthusiasts around the globe.

Since 2015, SkyPixel has successfully organized nine annual aerial photography and video contests, inspiring the imaginativeness of DJI users worldwide, resulting in more than 400k submissions from around the globe that have received over 1 billion views. Whether using handheld DJI cameras like the Osmo and Ronin series or DJI’s diverse line of drones that can empower anyone to become an aerial cinematographer, the magnitude of submissions and community engagement is testament to the exceptional creativity of the DJI community and the ability of DJI technology to help anyone anywhere capture uniquely individual cinematic moments.

Explore Without Limits

In the tenth iteration of the contest, DJI and SkyPixel are placing the boundless potential of human expression at the center of the competition, encouraging participants to “Explore Without Limits” which is the central theme. To ignite the artistic passion within all DJI users and support as many entries as possible, the categories for this year’s contest have been simplified to just three separate categories, namely Aerial Photography, Aerial Videography and Handheld Videography.  Furthermore, for the first time, contestants can also submit their entries via all DJI social media channels. Alongside the “Aerial Photography” and “Aerial Videography” categories, this year’s SkyPixel competition is unveiling the all new “Handheld” video category, opening up the award to people who chose to share their creativity from the ground. Meanwhile, each month will feature “Popularity Awards” recognizing content that explores new trends or innovate art.

Details of the SkyPixel 10th Annual Photo & Video Contest

The photo contest consists of one category:

Aerial Photography
Overlooking the world, framing moments of eternity. Whether awe-inspiring nature or grand architecture, energetic sporting moments or portraits brimming with emotion – all show the charm of the art of photography.Entries must be shot on aerial photography equipment and entered as a single work with a single image of no less than 3MB and a resolution of no less than 300dpi.Inspire / Mavic / Air / Mini / Phantom series, DJI Neo are eligible to participate.

The video contest is comprised of two categories:

Aerial Videography
Soar through the skies and capture the magnificent beauty of the earth. From natural wonders to urban jungles within cities, from impassioned sporting events to tranquil or colorful getaways – push the limits and let your creativity shine.Entries must be no longer than 5 minutes in length with no less than 30 seconds of footage shot on DJI products.Entries must contain more than 50% aerial footage.Inspire / Mavic / Air / Mini / Avata / Phantom series, DJI FPV / DJI Neo are eligible to participate.Handheld Videography
Hold the camera and record the most intimate moments of life. Whether it’s the pulse of the city, the serenity of nature, the speed and passion of the sports field, the excitement and experience of travel, you are free to interpret the spirit of the footage and tell your unique story.Entries must be no longer than 5 minutes in length with no less than 30 seconds of footage shot on DJI products.Entries must contain more than 50% handheld footage.Ronin Stabilizer / Ronin Cinema Cameras / Osmo Action / Osmo Pocket / Osmo Mobile series are eligible to participate.

Always fly with caution, observe the flight environment, and follow local regulations at all times.

Industry Leading Judges

This year’s SkyPixel submissions will be judged by some of the leading videographers and photographers from across the globe.

In photography, there are pioneering experts such as:

Anne Farrar, Assistant Managing Editor-Photography at National Geographic MagazineWeimin Chu, renowned landscape photographer, winner of the 2019 National Geographic Travel Photo Contest, 2023 World Press Photo Award, and 2024 Hasselblad Masters AwardDaniel Kordan, renowned landscape photographerLuke Stackpoole, trailblazer in the world of travel and adventure photography.

In the video category, industry heavy-weights include:

Claudio Miranda, Academy Award-winning cinematographer known for projects including Life of Pi, The Curious Case of Benjamin Button, and Top Gun: MaverickChenyu Jin, Director of Photography known for Blossoms Shanghai and Like A Rolling StoneTianhong Pan, Director of Photography for Commercials, founder of the well-known self-media MediaStormSam Newton, renowned travel filmmaker.

Bonanza of Prizes

This year, SkyPixel and DJI will award three ‘Grand Winners’ and give away more than 80 prizes over the course of the competition with a total value of over US $170,000. For the Grand Winners awarded “Best Work”:

The winning photo participant will receive an all-new Hasselblad X2D 100C, XCD 3.5-4.5/35-75mm, and an XCD F4/45P (worth over $14,000)The winning aerial video participant will receive a DJI Inspire 3 drone, a DL 18 mm F2.8, PROSSD 1TB, and two TB51 Batteries (worth over $20,000)The winning handheld video participant will be awarded a DJI Ronin 4D-8K cinema camera, DJI Transmission, and two TB50 batteries (worth over $15,000).

All grand winners will also receive a SkyPixel trophy and be recognized as an official “SkyPixel Creator.” The full list of awards can be seen on the official SkyPixel website and includes prizes such as the DJI Mavic 3 Pro, DJI Air 3S, DJI Avata 2, and the Osmo Pocket 3. All entrants will also receive DJI credits which can be used at store.dji.com.

 Submission Details

Submission Start Date: November 7, 2024, 12:00 (UTC+8)Submission End Date: February 10, 2025, 23:59 (UTC+8)Award Announcement: March 27, 2025, 12:00 (UTC+8)

Submissions will be accepted via the official SkyPixel website and all DJI social media channels. Interested participants can visit the SkyPixel 10th Annual Photo & Video Contest website for more information on contest rules and guidelines: https://www.skypixel.com/contests/2024.

About SkyPixel

Founded in 2014, SkyPixel is a leading global community for aerial photographers and videographers. The platform has over 55 million registered users and hosts thousands of aerial images and videos uploaded daily around the world. In November 2023, SkyPixel hosted its 9th annual aerial photo and video contest and received over 130,000 submissions from 148 countries and regions – a 100% increase from 2022. For more info, please visit https://www.skypixel.com.

About DJI

Since 2006, DJI has led the world with civilian drone innovations that have empowered individuals to take flight for the first time, visionaries to turn their imagination into reality, and professionals to transform their work entirely. Today, DJI serves to build a better world by continuously promoting human advancement. With a solution-oriented mindset and genuine curiosity, DJI has expanded its ambitions into areas such as cycling, renewable energy, agriculture, public safety, surveying and mapping, and infrastructure inspection. In every application, DJI products deliver experiences that add value to lives around the world in more profound ways than ever before.

For more information, visit our:

Website: https://www.dji.com
Online Store: https://store.dji.com
Facebook: https://www.facebook.com/DJI
Instagram: https://www.instagram.com/DJIGlobal
X: https://www.X.com/DJIGlobal
LinkedIn: https://www.linkedin.com/company/dji
Subscribe to our YouTube Channel: https://www.youtube.com/DJI

View original content:https://www.prnewswire.com/news-releases/skypixel-and-dji-call-on-creators-for-10th-annual-photo-and-video-contest-302297246.html

SOURCE DJI; SkyPixel

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