AXI SELECT CELEBRATES TOP MILESTONE: TRADER SECURES $1,000,000 IN CAPITAL FUNDING

SYDNEY, Feb 21 (Bernama-GLOBE NEWSWIRE) -- Axi, a leading global provider of online trading services, has proudly announced that trader Francisco Quesada Godines has reached the top milestone in its innovative capital allocation program, Axi Select, securing $1million in capital funding. This incredible achievement is a testament to the broker’s commitment to provide its Axi Select traders with a real opportunity to maximise their trading potential.

According to Greg Rubin, Head of Axi Select, “Francisco, has demonstrated exceptional talent and commitment to the program. This milestone extends far beyond receiving $1million in funding. It not only highlights what traders can achieve when they trade consistently and can seize market opportunities to their advantage, but it also underscores the power of an all-inclusive, trader-centric program designed to unlock traders’ full potential.”

“We are incredibly excited for this milestone–a testament to the hard work and dedication of our traders” said Rajesh Yohannan, CEO of Axi, as he shares his pride in their unique program. “When we launched Axi Select in 2023, our aim was clear: we wanted to change the narrative by creating a model that meets traders’ demands; when traders are free from upfront costs, restrictive trading conditions, and other barriers, they can focus exclusively on sharpening their trading performance. Indeed, our experience over the past year has demonstrated that, when a program is geared towards harnessing traders’ full potential, they can achieve remarkable results.”

Axi Select offers ambitious traders a pathway to access capital funding up to $1,000,000 USD and earn up to 90% of their profits, as well as the advantage to join the program with zero registration or monthly fees*. Moreover, Axi Select uses a Standard or a Pro live account, unrestrictive trading conditions, and a suite of tools to nurture traders’ success and growth.

*Standard trading fees apply.

The Axi Select program is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available to AU, NZ, EU and UK residents. For more information, refer to our Terms of Service.

For more information contact : mediaenquiries@axi.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e3372dba-9460-4833-8180-ff68d3c17652


SOURCE: AxiTrader Limited

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MENLO SECURITY ACQUIRES VOTIRO TO ENHANCE DATA SECURITY FOR ENTERPRISES

KUALA LUMPUR, Feb 20 (Bernama) -- Menlo Security, the industry leader of secure enterprise browsers, has announced its acquisition of Votiro, a data and file security platform that specialises in advanced Content Disarm & Reconstruction (CDR) and data loss prevention.

According to a statement, Menlo Security and Votiro will enable enterprises to quickly and easily implement data security best practices without slowing employee and business productivity.

“Acquiring Votiro expands the capabilities of our product offerings and delivers a workspace security solution unlike anything else on the market.

“This solidifies our market leadership and empowers enterprises to secure their data across every business-critical workflow, all while enabling them to move at the speed of modern work,” said Menlo Security co-founder and chief executive officer (CEO), Amir Ben-Efraim.

Meanwhile, Votiro CEO, Ravi Srinivasan said Menlo Security's proven success and global presence would enhance Votiro’s approach to securing data in the modern workplace and looks forward to a smooth transition benefitting all stakeholders.

By expanding the Menlo Security browser security solution suite with the Votiro data and file security platform, Menlo Security provides a comprehensive workspace security solution that secures the modern worker, wherever they are, and adapts to how they work.

The expanded Menlo Security solution delivers Zero Trust Access to allow users to securely access their applications while preventing data leakage and securing file movement, promising high security efficacy without disrupting user experience or productivity.

Votiro and Menlo Security share the same philosophy of delivering strong security solutions that are designed from the ground up to be easy to configure, deploy, and manage. Together with Menlo Security HEATShield artificial intelligence (AI), the Votiro Data Detection & Response (DDR) solution brings administrator simplicity to data loss prevention and data masking.

This acquisition follows Menlo Security’s achievement of reaching US$100 million in annual recurring revenue (ARR), significantly broadening the company’s market and boosting its revenue potential. (US$1=RM4.44)

-- BERNAMA

NIPPON EXPRESS HOLDINGS COMPLETES SIMON HEGELE GROUP ACQUISITION

KUALA LUMPUR, Feb 18 (Bernama) -- Nippon Express Holdings Inc has completed the acquisition of SH HoldCo GmbH, the parent company of Germany-based Simon Hegele Group, effective Feb 3.

The agreement, finalised on Sept 30, 2024, positions Nippon Express to strengthen its presence in the healthcare logistics sector, according to a statement.

Headquartered in Karlsruhe, Germany, Simon Hegele is a contract logistics provider established in 1920, specialising in logistics services for the healthcare industry across Europe, the United States (US), South America, Asia, and Australia.

The company offers warehousing, distribution, installation at delivery destinations, and other value-added services for medical equipment. It has established a strong customer base by offering tailored logistics solutions for healthcare, industrial, and retail clients.

Nippon Express (NX) Group has identified healthcare logistics as a key growth sector under its "NX Group Business Plan 2028 Dynamic Growth 2.0 - Accelerating Sustainable Growth".

The acquisition provides NX Group with a scalable platform to deliver end-to-end logistics services, enhancing its capabilities and expanding its global network.

Moving forward, NX Group aims to integrate Simon Hegele’s specialised logistics capabilities with its own global network and international forwarding business, enhancing service offerings and creating synergistic value for customers.

-- BERNAMA

Mavenir To Power EOLO’s Groundbreaking 5G FWA Network In Italy

KUALA LUMPUR, Feb 12 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, has been selected by telecommunications operator EOLO, Italy’s largest fixed wireless access (FWA) broadband provider, to supply the 5G SA Core for its groundbreaking Gbps FWA network.

This deployment is among the world’s first 5G standalone FWA networks using mmWave and will deliver cost-effective ultrafast broadband internet access to areas across Italy without fibre connectivity.

Mavenir Executive Vice President, Stefano Cantarelli, expressed excitement over the innovative nature of the 5G FWA deployment, emphasising the use of cutting-edge 3GPP-based technologies to bring connectivity to rural areas.

“EOLO has selected best-in-class partners for this project and Mavenir is proud to be a part of that team, bringing our 5G leadership and commitment to flexibility and agility,” he said in a statement.

Meanwhile, EOLO Chief Executive Officer, Guido Garrone, praised Mavenir for its future-proofed solution and seamless interoperability, stating that the partnership would complement fibre networks and contribute to Italy’s future growth.

Mavenir’s 5G SA Core was selected for its outstanding levels of flexibility and interoperability, and it will be integrated with the User Plane Function (UPF) from 6Wind.

This collaboration marks a first in the industry for interoperability and subsequent commercial deployment between Session Management Functions (SMF) and User Plane Functions (UPF) from two different vendors.

The Mavenir 5G SA Core will enable both IP and Ethernet data units (IPDU and EPDU), which has never previously been achieved in a live environment.

The company’s MAVcore functions are implemented as microservices in containers, using open application programming interfaces (APIs) to integrate with third party platforms and observability frameworks, facilitating faster service rollouts, improved efficiency, and reduced downtime for communication service providers such as EOLO.

Mavenir’s full 5G portfolio will be showcased at the upcoming MWC Barcelona, on March 3 to 6.

-- BERNAMA

MITSUBISHI ELECTRIC AND CP GROUP JOIN FORCES IN SUPPORT OF INCREASED SUSTAINABILITY IN THAILAND AND ASEAN THROUGH TECH INNOVATION FOR CARBON NEUTRALITY AND CIRCULAR ECONOMY

 

TOKYO, Feb 14 (Bernama-BUSINESS WIRE) -- Mitsubishi Electric Corporation (Headquarters: Tokyo) and Charoen Pokphand Group (CP) (Headquarters: Bangkok) announced today that they have signed a memorandum of understanding (MOU) for comprehensive collaboration to provide advanced environmental value in the areas of carbon neutrality and circular economy, with the aim of contributing to a more sustainable society in Thailand.

In terms of carbon neutrality, both companies aim to achieve net-zero greenhouse gas (GHG) emissions from their respective factories and offices by 2030 and net-zero GHG throughout their value chains by 2050. In the terms of circular economy, both are pursuing measures to reduce waste and the environmental impact on their entire operations by promoting more efficient and circular use of resources, including recycling. After holding discussions to confirm their mutual commitment to these common goals, the two firms signed their MOU.

The two companies aim to tackle social challenges by creating new solutions, business models, and environmental values that can be achieved primarily through joint collaboration and utilization of knowledge and assets from both companies. As a first initiative, they will promote carbon neutrality and circular economy in Thailand by combining Mitsubishi Electric’s products, technologies, and data utilization knowledge with CP Group’s business infrastructure, and subsequently offering new environmental value to potential customers. The two companies will continue to explore further collaboration including the joint development for the practical application of advanced technologies with AI, robots, and more.

For the full text, please visit: www.MitsubishiElectric.com/news/

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20250212852898/en/

Contact

Media Inquiries
Takeyoshi Komatsu
Public Relations Division
Mitsubishi Electric Corporation
Tel: +81-3-3218-2332
prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/


Source : Mitsubishi Electric Corporation

CLEARDOX NAMED TO CHARTIS ENERGY50 RANKINGS FOR 2025

KUALA LUMPUR, Feb 12 (Bernama) -- ClearDox, a provider of intelligent workflow applications for the commodities industry, has been named to the highly esteemed Chartis Energy50 rankings for 2025.

According to a statement, this recognition highlights the company's role in transforming commodity trading operations by leveraging artificial intelligence (AI) to streamline workflows, reduce risk, and unlock new business opportunities.

ClearDox Chief Executive Officer, Rick Nelson expressed his excitement over the recognition, emphasising how the company's solutions help major players in the energy sector automate data-intensive workflows while gaining deeper insights into operational risks.

He credits this achievement to the company’s commitment to transforming the commodities industry with AI-driven innovations.

ClearDox's Commodity Intelligence platform uses AI to turn piles of paperwork and digital mayhem into clean, structured, organised data. Powered by the ClearDox platform, the ClearDox Intelligent Applications automate critical tasks throughout the commodity trading lifecycle while continuing to shed light on operational risk.

Built for the commodities industry using generative AI (GenAI) and purpose-engineered to power commodity intensive workflows, its applications handle everything from trade confirmation and finance optimisation to operations intelligence, payment processing, and compliance oversight.

The Chartis Energy50 is compiled by Chartis Research, a renowned authority in the global risk technology market. Chartis Research, a division of Infopro Digital, is dedicated to empowering enterprises with invaluable insights and analysis to enhance risk management, corporate governance, and compliance efforts.

As a trusted source of in-depth assessments and actionable recommendations, Chartis Research assists organisations in making informed decisions about their technology and business strategies.

-- BERNAMA

ZENAS BIOPHARMA TARGETS KEY 2025 MILESTONES FOR OBEXELIMAB IN AUTOIMMUNE DISEASES

KUALA LUMPUR, Feb 6 (Bernama) -- Zenas BioPharma Inc (Zenas), a clinical-stage global biopharmaceutical company, has outlined its significant achievements in 2024 and set key business objectives for 2025.

The company also announced its preliminary unaudited cash balance at the end of 2024, which stands at approximately US$350 million, sufficient to its operating expenses and capital expenditure requirements into the fourth quarter of 2026. (US$1=RM4.41)

Zenas Founder and Chief Executive Officer, Lonnie Moulder highlighted the company’s progress across various goals in 2024, noting that it enters 2025 with major milestones in sight, especially the results from ongoing obexelimab Phase 2 and Phase 3 clinical trials.

“We are extremely proud of the accomplishments of our dedicated team as we enter the year well-financed and able to focus on execution and achievement of our key objectives for the year,” he said in a statement.

In 2024, Zenas achieved several key milestones, including the completion of patient enrolment for the Phase 3 INDIGO trial, which is the largest-ever clinical trial for Immunoglobulin G4-Related Disease (IgG4-RD).

The company also initiated the Phase 2 MoonStone and SunStone trials for obexelimab in patients with Relapsing Multiple Sclerosis (RMS) and Systemic Lupus Erythematosus (SLE), respectively, as well as provided initial data from the Phase 2 SApHiAre trial.

Additionally, Zenas completed an upsized Series C and initial public offering, raising US$458.7 million, and bolstered its leadership team by appointing Orlando Oliveira as Chief Commercial Officer and Jeff Held as Chief Legal Officer.

The company also made strategic business moves, including out-licenced ZB005 for development in Greater China and out-licenced regional rights to its thyroid eye disease programmes to Zai Lab.

Looking ahead to 2025, Zenas expects to achieve several key clinical milestones, including the release of the 12-week primary endpoint results from the Phase 2 MoonStone trial for RMS in the third quarter; topline results by year-end 2025 from the Phase 3 INDIGO trial in IgG4-RD; and to complete enrolment in the Phase 2 SunStone trial for SLE by 2025, with topline results expected in the first half of 2026.

The ongoing clinical trials underscore Zenas' commitment to advancing obexelimab as a groundbreaking treatment for multiple autoimmune diseases with a once-weekly subcutaneous injection regimen.

-- BERNAMA