IRVINE, Calif., April 21, 2026 /PRNewswire/ — Karma Automotive, America’s only ultra‑luxury vehicle manufacturer, is participating in the Hong Kong Web3 Festival from April 20-23, where the company is presenting the Karma Kaveya, its flagship supercar, and engaging global media, investors, and industry leaders in a forward‑looking discussion on how value creation and collectability are evolving in the automotive sector.

As part of the program, Marques McCammon, President and Chief Executive of Karma Automotive, will participate in a panel discussion with leaders in blockchain infrastructure and asset tokenization including Nazmus Saquib, Chief Executive Officer of Oak Network. The panel will explore how real‑world assets—such as automobiles—may responsibly integrate with digital networks as regulatory frameworks continue to mature.

Karma Automotive’s participation takes place against the backdrop of a rapidly expanding digital asset economy. The global cryptocurrency market today represents more than $2.5 trillion in aggregate market value, reflecting broad global adoption of blockchain‑based networks, tokens, and digital value exchange. While this market does not yet directly represent the widespread tokenization of physical assets, it demonstrates the scale, liquidity, and consumer familiarity that digital networks have already achieved.

At the same time, digitally native industries such as esports, online gaming, and online betting—each exceeding $100 billion in annual global activity—have normalized the idea that value can be created, exchanged, and tracked digitally at scale. These markets illustrate how younger generations engage with assets, rewards, and scarcity in environments governed by transparent, rules‑based systems.

Within this context, Karma Automotive is in development of a network token in collaboration with Oak Network, a Web3 infrastructure startup backed by Andreessen Horowitz, one of the world’s leading venture capital firms. The token under exploration is intended to function as a digital network participation mechanism.

The proposed network token would reflect verified transaction activity occurring within Karma Automotive’s ecosystem, as well as agentic AI-based transactions that occur within the vehicle ownership experience that are managed using blockchain computing. Karma has emphasized that legal and regulatory policies surrounding asset tokenization are still evolving, and any future implementation will be structured in compliance with applicable laws and regulatory guidance.

While the tokenization of organizational workflows remains an untapped frontier, it offers significant potential for enterprise efficiency. As AI agents begin to manage complex industrial workloads, Oak Network and Karma are developing an agentic framework for automotive health data. This solution will leverage the Karma token to facilitate:
AI compute and analysis, powering real-time assessments of vehicle health and resale valuation; immutable records, generating transparent, permanent public records on the blockchain; and operational settlement, using tokens to compensate agents for on-chain data entry and verified workloads. This model serves as a scalable blueprint for tracking and remunerating autonomous operational activities through decentralized assets.

Importantly, the network token is not designed to represent ownership in a vehicle or in Karma Automotive itself. Rather, it is envisioned as a digital mechanism that reflects participation and transactional value across a broader network—separate from but related to the business of the physical vehicle—providing a reward to owners and a new way for clients to engage with the brand’s ecosystem.

The Karma Kaveya, presented at the Hong Kong Web3 Festival, represents both the flagship of the Karma brand and the flagship of its technological direction. As announced by Karma Automotive in February, the Kaveya is expected to be the first vehicle in North America to feature solid‑state battery technology, marking a significant milestone in energy density, performance, and next‑generation vehicle architecture.

Kaveya’s presence at the festival underscores Karma’s commitment to integrating next‑generation technologies with next‑generation ultra‑luxury products. While the company continues to honor the craftsmanship, design, and performance that define the ultra‑luxury segment, it is also engaging with how digital networks, blockchain infrastructure, and emerging ownership models may shape the future of collectability.

“As an American ultra‑luxury manufacturer, we believe our role is to innovate on what modern collectability looks like,” said McCammon. “That means pairing groundbreaking physical technology—like solid‑state batteries—with a thoughtful exploration of how digital ecosystems can responsibly coexist with physical assets. Our first step – allowing clients to reserve and purchase with USDC stablecoin – was completed last year. Now we are looking to what’s next.”

By participating in the Hong Kong Web3 Festival and engaging openly with industry experts, regulators, and technology partners, Karma Automotive aims to contribute to a transparent, forward‑thinking dialogue around how ultra‑luxury vehicles, digital networks, and evolving value systems may intersect in the years ahead.

About Karma Automotive

Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of Hybrid EREV (Extended Range Electric) vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. Sales of the 3rd Generation Karma Revero sport sedan, the world’s first luxury Hybrid EREV plug-in, and its performance-tuned stablemate, Revero Invictus, are now underway in the USA and EU, offering luxury balanced with conscientiousness delivered without compromise. The Gyesera Grande Coupé, a Hybrid EREV four-seater, is due in Q2 2026; and the Amaris GT Coupé Hybrid EREV arrives in Q4 2026. The Karma Kaveya super-coupe, with over 1,000HP and butterfly-doors, will arrive in Q4 2027, and the Karma Ivara GT-UV will arrive in 2028: both EVs will incorporate SDVA (Software-Defined Vehicle Architecture) developed with leading technology partners. For more information, visit www.karmaautomotive.com) 

Media Contact:
Joe Richardson, Beautiful Noise PR
joe@beautifulnoisepr.com

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SOURCE Karma Automotive

HAMILTON, Bermuda, April 21, 2026 /PRNewswire/ — Bermuda has further strengthened its position as a leading international financial centre in the latest edition of the Global Financial Centres Index (GFCI) 39, retaining first place in Latin America and the Caribbean, the Bermuda Business Development Agency (BDA) shares. As noted in the report summary, “Bermuda rose a further twenty-three rank places to maintain its lead in the region, ahead of Cayman Islands and Santiago.” The jurisdiction now ranks 57th globally. The result builds on gains made in the previous edition and underscores Bermuda’s continued resilience, competitiveness and relevance in an evolving global financial landscape.

Published by ZYen Group, the GFCI is widely recognised as a leading global benchmark for assessing the competitiveness of financial centres. In the foreword to this edition, it was noted that, at a time of heightened geopolitical complexity, economic transformation and rapid technological change, assessments such as the GFCI provide valuable insight into how financial hubs adapt, innovate and contribute to the resilience of the global economy. It adds that scores have declined across most financial centres, reflecting broader shifts in global perceptions rather than changes specific to individual jurisdictions.

Against this backdrop, Bermuda’s upward movement in the rankings highlights the strength of its financial services ecosystem and its ability to adapt in a changing environment.

Mike Wardle, Chief Executive Officer of the Z/Yen Group of Companies, stated: “While overall scores have softened globally, Bermuda’s continued rise in the rankings reflects strong market confidence in its stability, regulatory quality, and specialist expertise.”

Kendaree Burgess, Managing Director of the BDA, added: “In an increasingly complex geopolitical environment, Bermuda’s continued advancement in the GFCI rankings reflects the stability, credibility and enduring strength of our jurisdiction. Our market remains resilient, supported by regulatory strength, deep industry expertise and strong collaboration between the public and private sectors. We remain focused on building on this momentum and ensuring Bermuda is well positioned to meet the evolving needs of international business.”

See the link to the full GFCI report here.

About the BDA
The Bermuda Business Development Agency (BDA) is Bermuda’s investment promotion agency, working to attract and retain international business that supports long-term economic growth. Operating as a public-private partnership, the BDA connects investors with government, regulators, and industry — helping firms establish, expand, and operate in Bermuda with clarity and confidence.

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SOURCE Bermuda Business Development Agency

PulseIQ™ delivers four distinct wavelengths independently, adapting each session to support recovery, relaxation, and performance. 

OVERLAND PARK, Kan., April 21, 2026 /PRNewswire/ — Sunlighten, the global leader in infrared sauna innovation, today announced the launch of PulseIQ™, its proprietary intelligent wellness platform. This breakthrough sets a new standard for how infrared energy is delivered, absorbed, and translated into personalized wellness outcomes.

For decades, the sauna category has remained largely unchanged. Traditional saunas deliver heat. Most infrared saunas claim “full spectrum,” but in reality blend wavelengths together into a single, undifferentiated output.

The result is a one-dimensional experience. The sauna turns on, heat increases, and the body is exposed to inconsistent energy with no control over how it is delivered or absorbed.

PulseIQ™ changes that.

PulseIQ™ redefines how infrared works by delivering red light, near-, mid-, and far-infrared separately and intelligently. Instead of blending wavelengths and losing their effectiveness, PulseIQ™ isolates and controls each wavelength so your body receives the right type of infrared energy at the right time.

This is infrared intelligence. This is PulseIQ™.

A Category Built on Heat. Reimagined Around Outcomes.

Most saunas today operate with a simple on and off experience. As heat rises, there is no control over the wavelengths being delivered. The distinct benefits of each wavelength are lost, reducing the experience to heat rather than targeted infrared energy.

The difference is not just how many wavelengths are present. It is how they are delivered.

Your body responds to each wavelength differently. When they are blended together, your body cannot fully use them. You are not truly receiving distinct infrared light energy.

PulseIQ™ changes that by isolating each wavelength and delivering it with precision. This allows your body to absorb more usable energy, driving better outcomes based on what your body needs that day.

Because wellness is not static. Your body’s needs change daily. Your sauna should adapt with you.

From One-Dimensional Heat to Personalized Infrared Therapy

PulseIQ™ transforms the sauna experience from passive heat to an intelligent, outcome-driven wellness solution.

Powered by Sunlighten’s infrared intelligence platform, PulseIQ™ delivers:

Four distinct wavelengths delivered independently so each can perform its specific role in the bodySix science-backed wellness programs designed around goals like recovery, detoxification, relaxation, and performancePrecision control of energy delivery and temperature to eliminate peaks and valleys and keep the body within optimal therapeutic ranges

Each wavelength is delivered at the intensity and depth your body can absorb, ensuring the energy is not just produced but used effectively.

Red light supports skin health and surface-level repairNear-infrared supports cellular energy and recoveryMid-infrared supports circulation and muscle recoveryFar-infrared supports core temperature and detoxification

By controlling how this energy is delivered, PulseIQ™ helps your body achieve the specific wellness outcomes you are seeking, whether that is faster recovery, deeper relaxation, improved circulation, or daily restoration.

An Intelligent Sauna That Evolves With You

PulseIQ™ is designed not just for today, but for the future of personalized wellness.

“Infrared has never been about heat alone. It is about how the body responds to light,” said Connie Zack, Co-Founder of Sunlighten. “With PulseIQ™, we control the light your body is receiving so it can absorb more of what it needs. That leads to better outcomes, whether you are focused on recovery, relaxation, or long-term wellness.”

PulseIQ™ introduces an intelligent platform that evolves with you, helping you get more personalized results from every session.

“We are building the next generation of sauna technology,” said Aaron Zack, CEO of Sunlighten. “Our bodies are complex and constantly changing, yet most saunas offer a one-dimensional on and off experience. With PulseIQ™, we’re measuring data every day and using it to advance our technology. In the future, your sauna will be able to guide you. If your body needs recovery or support, it will recommend the right program for you. The sauna you buy today should grow with you, adapting to your needs and helping you achieve better wellness outcomes over time.”

Engineering the Future of Infrared Wellness

For more than 25 years, Sunlighten has led the industry through science, innovation, and a deep understanding of how the body responds to infrared energy.

PulseIQ™ builds on that foundation with a clear focus on what matters most to consumers.

Not just heat.
Not just presence of wavelengths.
But how effectively that energy is delivered and absorbed by the body.

PulseIQ™ delivers the most usable infrared energy at precise wavelengths your body can absorb, giving you greater confidence that every session is working toward your wellness goals.

Redefining What Infrared Should Deliver

PulseIQ™ reframes the conversation around infrared saunas.

This is not about turning heat on and off.
This is about controlling the energy your body receives.

With PulseIQ™, Sunlighten introduces:

1 intelligent sauna platform4 precisely controlled, distinct wavelengths6 guided, science-backed wellness programsA system designed to evolve and personalize over time

Better delivery leads to greater absorption.
Greater absorption leads to better wellness outcomes.

This is infrared intelligence. This is PulseIQ™.

About Sunlighten

Sunlighten is the global leader in infrared sauna and light-based wellness innovation. With more than 25 years of expertise, patented technologies, and a commitment to science-backed performance, Sunlighten designs products that help the body perform, recover, and thrive.

Contact:

Maria Dolgetta

mdolgetta@sunlighten.com

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SOURCE Sunlighten