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QINETIQ US NAMED AWARDEE ON U.S. ARMY’S $4 BILLION PD AEROSTATS MATOC

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Leading mid-tier prime contractor and persistent surveillance provider to deliver advanced capabilities for defense and security missions

MCLEAN, Va., April 14, 2025 /PRNewswire/ — QinetiQ US is selected as an awardee on the U.S. Army’s $4 billion Multiple Award Task Order Contract (MATOC) under the U.S. Army Product Director (PD) Aerostats program. This 10-year Indefinite Delivery, Indefinite Quantity contract supports system integration, hardware procurement, engineering, logistics, operations, and program management for the PD Aerostats program office.

The PD Aerostats MATOC encompasses support for Persistent Surveillance System – Tethered (PSS-T) platforms, future Elevated Sensing requirements, and the Persistent Surveillance Dissemination System of Systems (PSDS2) program. As the only Prime contractor operating multi-site strategic and tactical class aerostat sites, supporting U.S. border security and defense missions, QinetiQ US is well-positioned to deliver and sustain these critical capabilities for systems both within the United States and at overseas locations, leveraging the company’s experience and expertise to deliver persistent surveillance solutions to the U.S. and its international allies.

QinetiQ US brings comprehensive capabilities in prime contract management, sensors integration and interoperability, including aerostat platforms, hyperspectral imaging systems, and multi-modal detection technologies that provide enhanced situational awareness. The company established itself as a trusted partner in advancing sensor technology for the U.S. Army, developing intelligent processing algorithms and imaging technologies that support key modernization initiatives. Through this integrated approach, QinetiQ delivers cohesive systems that transform sensor data into actionable intelligence across domains.

“Our integrated sensor and aerostat solutions deliver effective and affordable multi-domain awareness solutions to meet the evolving threat in today’s defense and security environment,” said Jonathan Riksen, executive vice president and general manager of QinetiQ US’s National & Global Security Solutions. “By combining advanced sensor technologies with our persistent surveillance platforms, we provide decision makers with actionable intelligence that creates a decisive information advantage in evolving threat environments.”

QinetiQ US’s persistent surveillance solutions operate aerostats and payloads at altitudes up to 15,000 feet with 30-day continuous deployment capabilities, delivering best-in-class efficiency and the lowest cost per flight hour to meet and exceed mission requirements. The company’s turnkey approach integrates the Secure Persistent & Aware Data Ecosystem (SPADE) with comprehensive mission planning, sustainment, and lifecycle management services to optimize operational effectiveness throughout the entire mission lifecycle.

About QinetiQ US

QinetiQ US is a leading defense and national security company providing mission-led, customer-focused engineering and innovative solutions for next-generation ISR, advanced cyber technology, mission operations and multi-domain autonomous systems to deliver a decisive and actionable information advantage.

As a provider of secure, technologically advanced services and products to the U.S. Department of Defense, Homeland Security, Intelligence Community and other national security agencies, QinetiQ US partners closely with customers to deploy new capabilities protecting lives and the nation’s vital interests.

QinetiQ US operates under a Special Security Agreement (SSA) with the U.S. Government. As the U.S. subsidiary of QinetiQ Group plc, we maintain independent governance and oversight to protect classified information and ensure full compliance with U.S. national security requirements. For more information, visit www.us.QinetiQ.com.

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LG Uplus’ KidsTopia Combines AI Edutainment with Ecology and K-POP Content for a New Customer Experience

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Virtual Tidal Flat Experience: Learn about 120 different species and environments in an engaging and enjoyable wayK-POP Virtual Experience Center: Featuring the girl group ‘ifeye’ and their new song “Nerdy”

SEOUL, South Korea, April 28, 2025 /PRNewswire/ — LG Uplus (www.lguplus.com) is leading the way in providing unique customer experiences by updating the experience center of its digital kids theme park, ‘KidsTopia’. This platform allows children to explore and learn about foreign languages, animals, dinosaurs, and space through interactions with AI characters in a 3D virtual space. The number of users from Southeast Asia, including Korea, the Philippines, Malaysia, and Thailand, is growing, with over 1.6 million cumulative subscribers. Southeast Asian users make up 60% of the monthly user base.

Virtual Tidal Flat Experience: Recognized for its unique ecological value and listed as a UNESCO World Natural Heritage site, the tidal flat has been recreated as a virtual space. Children can take pictures of about 120 different species or dig them up from the tidal flat to complete a guidebook. Detailed information about each species and quizzes are also available. This includes rare creatures like the ‘swimming crab’, ‘nerite snail’, and ‘mudskipper’, which are expected to be popular with overseas users.

K-POP Virtual Experience Center: The ‘ifeye’ virtual experience center allows users to immerse themselves in K-POP. At the entrance, KASIA, a member of the girl group ‘ifeye’, introduces the group. Inside, users can watch videos and pictorials, enjoy virtual performances of each member’s character, and follow the choreography with their own character. The ‘ifeye’ is a six-member girl group that debuted on the 8th of this month, and their debut song “NERDY” reached 10 million views in just 11 days.

KidsTopia’s virtual experiences stand out from traditional one-way content like videos by allowing users to engage with the content interactively and earn rewards through a mission-reward structure.

KidsTopia has been recognized for its service stability and suitability for children, winning the ‘Minister of Science and ICT Award’ at the ‘2024 Metaverse Alliance and Self-Regulation Achievement Sharing Conference’ in Korea and the ‘Gold Medal’ in the application category at the ‘2024 Mom’s Choice Awards’, a global certification program for child suitability.

Kim Min-gu, PM of LG Uplus’ KidsTopia TF, said, “KidsTopia’s experiential content effectively connects learning experiences to the global alpha generation, providing fun and immersive learning opportunities. We look forward to future collaborations with various companies that have experiential content and brands targeting the global alpha generation.”

Media Contact
LG Uplus KidsTopia TF Manager
Seung-oh Han
sohan@lguplus.co.kr

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SOURCE LG Uplus

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Thunes Raises USD 150 Million in Series D, Led by Apis Partners and Vitruvian Partners

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SINGAPORE, April 28, 2025 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, is proud to announce the successful raise of its $150 million Series D, the largest in its history, at a substantial valuation increase over its last round. Amid one of the most challenging capital markets environments of recent times, this milestone was achieved in record time.

Thunes proudly welcomes Apis Partners and Vitruvian Partners, two leading private equity firms, both globally recognized for their deep expertise in financial services and emerging markets.

Now profitable and maintaining strong growth momentum, Thunes plans to leverage this capital to supercharge its expansion in the United States, supported by the recent acquisition of licenses across 50 U.S. States, subject to regulatory approval.

These funds will further strengthen Thunes’ Direct Global Network, which today spans 130+ countries, 80+ currencies and 550+ direct integrations, enabling real-time payments across complex and exotic markets.  As cross-border payments swell towards a $150 trillion market opportunity, Thunes stands well positioned to continue to capture a growing share.

Through cutting-edge technology, industry-leading compliance standards, and a seamless customer experience, Thunes continues to make diverse payment systems, including traditional, digital, and emerging currencies, interoperable. With a vision to include the “next billion end users” in emerging markets, Thunes aims to be the go-to solution for fast, secure, and cost-effective cross-border payments, connecting billions of wallets and thousands of partners worldwide.

Floris de Kort, CEO of Thunes, stated, “Thunes’ latest funding round is a clear validation of our strategy and our commitment to sustainable growth. Our performance, marked by a Revenue run-rate of $150 million and positive EBITDA, demonstrates our ability to balance rapid expansion with financial prudence, even in a tumultuous market. This new capital enables us to extend our Direct Global Network, including in the United States, drive technological innovation, from Artificial Intelligence to digital asset ecosystem interoperability, and deliver superior value to the Members of our proprietary Network. In a challenging funding environment, our progress and resilience set a new industry standard.”

Matteo Stefanel, Managing Partner & Co-Founder at Apis Partners, commented, “Thunes has revolutionized global cross-border payments by seamlessly integrating robust technology with a disciplined financial strategy that inspires confidence. The company’s impressive growth record and positive EBITDA performance, even in these unprecedented times, clearly underpin the trust of its Members and their ability to scale effectively. We have been closely monitoring Thunes’ remarkable journey and are consistently impressed by the team’s innovative approach, operational rigor, and strategic foresight. Thunes’ pursuit of excellence redefines industry standards and sets a high bar for reliability and performance in global payments. Lastly, we are especially proud of the work Thunes is doing in accelerating access to affordable financial services across the next billion users in emerging markets, and for Apis to play a small part in continuing this journey.”

Tassilo Arnhold, Partner at Vitruvian Partners, said: “We are proud to partner with the visionary team at Thunes as they build a transformative platform that effectively bridges traditional banking, mobile wallets, and digital assets into one unified solution. At Vitruvian Partners, we value strategic vision, resilience, and commitment to innovation, all of which Thunes exemplifies in every aspect of its operations. They consistently demonstrate the ability to navigate complex market conditions while setting new standards for efficiency and transparency. We are delighted to support Thunes in their mission to continuously set and exceed industry benchmarks, thereby redefining the future of global cross-border payments.”

Thunes’ series D fundraising underscores its financial strength and operational excellence. The company is now set to redefine the standards of global cross-border payments, forging new pathways for growth and innovation in a rapidly evolving fintech landscape.

Proton Partners served as financial advisors on this transaction.

 

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YeePay Showcases Full-Stack Global Payment Solutions at Money20/20 Asia 2025 in Bangkok

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BANGKOK, April 28, 2025 /PRNewswire/ — YeePay, a leading provider of digital payment and enterprise financial solutions, successfully participated in Money20/20 Asia, one of the world’s premier fintech events.

With a focus on “Empowering Tomorrow: Building a Secure, Seamless, and Sustainable Fintech Ecosystem for Asia,” the event brought together over 4,000 senior leaders from banking, payments, fintech, retail, startups, and regulatory sectors to explore the future of financial innovation across the region.

During the event, YeePay engaged with global banks, financial institutions, and technology providers to share its 22 years of enterprise payment expertise and present its intelligent, efficient, and secure end-to-end solutions for cross-border trade. These solutions address complex financial needs such as global collections, payouts, virtual accounts, and FX fund management for enterprises expanding internationally.

“As global trade shifts from single-point direct exports to multi-point re-export models due to geopolitical changes, Chinese enterprises are accelerating their international strategies by establishing overseas factories and trade entities,” said Hua Lei, Senior Vice President and Head of International Business at YeePay.

“However, this new model brings new pain points, including fragmented account management, slow cross-border fund movement, and FX volatility. At YeePay, we integrate our payment infrastructure, deep industry insight, and smart treasury capabilities to deliver a one-stop global transaction network.”

With features such as real-time multi-currency clearing, intelligent FX routing, and multi-level account systems, YeePay empowers businesses with full visibility and control over international funds, supporting long-term growth and global agility.

YeePay continues to advance its dual-engine strategy of internationalization and intelligentization. With 22 years of experience and over 5 million enterprise clients served, its global payment network now spans seven key sectors, including trade and travel. YeePay processes over USD 50 billion in annual cross-border transactions, supports nine major currencies and multiple emerging-market currencies, and enables payouts to over 130 countries and regions, all through a unified transaction processing platform.

As digital transformation and globalization accelerate, YeePay remains committed to strengthening global partnerships and delivering smart, customized solutions to help businesses grow across borders.

About YeePay 

Founded in 2003, YeePay is a leading enterprise payment service provider in China, offering secure, innovative, and intelligent transaction solutions across industries such as airlines & travel, retail, fintech, and cross-border commerce. Focused on financial inclusion and technological advancement, YeePay empowers businesses with seamless digital financial services.

Learn more at: global.yeepay.com 

 

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