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Circles Strengthens Leadership Team to Power Global Telco Transformation

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SINGAPORE, Feb. 13, 2024 /PRNewswire/ — Circles, a leading global technology company spearheading the digital transformation of the telco industry, today announced the strategic appointment of three key executives to its leadership team:

Justin Choi as Chief Financial Officer (CFO)Bart Weijermars as Chief Customer Success Officer (CCSO)Luke Lu as Chief People Officer (CPO)

These appointments are pivotal as Circles accelerates its global expansion, empowering telco clients worldwide with its innovative software platform. Each leader brings experience and proven success, poised to propel Circles’ growth and market leadership.

“Expanding our reach and empowering telco clients globally is core to our mission,” says Rameez Ansar, CEO and founder of Circles. “These strategic hires bring the expertise and leadership we need to navigate diverse markets, build strategic partnerships, and foster a world-class talent pool that fuels our ambitious growth plans.”

Driving Sustainable Growth with Justin Choi:

Choi brings a successful 20+ year track record in the technology sector, holding senior management positions at Gojek and Coinbase, and as a private equity investor at firms such as CVC Capital Partners. His global technology industry experience will be invaluable to the company as it enters its next phase of growth. He will spearhead capital allocation and corporate strategy, scale financial operations, identify new growth opportunities, and drive strategic acquisitions to fuel Circles’ ambitious expansion plans.

Building Strong Customer Partnerships with Bart Weijermars:

Weijermars, who is currently leading the Circles’ MVNE business unit, will be taking on the newly created role of Chief Customer Success Officer, expanding on his current scope of work. Bringing substantial expertise in commercial expansion and transformation in both telecom and software markets as CEO at T-Mobile Netherlands, Pareteum and Artilium respectively, Weijermars will be building strong customer partnerships and supporting operations for a growing global client base.

Boosting Talent and Culture with Luke Lu:

Lu joins Circles with over two decades of experience building high-performing teams across diverse industries. He specializes in organizational effectiveness, transformation, and development, having driven exponential cultural change at Lazada and Ooredoo, and McKinsey. In addition to building a strong organizational culture for Circles, he will be instrumental in attracting, developing, and retaining top talent to fuel Circles’ global ambitions.

Circles investors Warburg Pincus and Peak XV Partners (formerly Sequoia Capital India & SEA) welcomed the new hires.

Suarabh Agarwal, Managing Director, Head of Southeast Asia Private Equity, Warburg Pincus said, “Circles is gearing up for an exciting new chapter with these strategic appointments. Beyond expanding their market share, they’re poised to become a major software player in a telecom industry hungry for innovation.”

Mohit Bhatnagar, Managing Director, Peak XV said, “We are excited to see new global leadership and the opportunities that will be unlocked as Circles enters new markets and deepens its strategic partnerships via e& and KDDI. Circles has grown from its roots as a consumer telco to a software company, and we’re looking forward to seeing this next transformative phase for them, particularly around Circles X and the New Business Build team.”

Since its inception in 2014, Circles has been at the forefront of disruption and advancement in the global telco industry. With clients in 15 countries across 6 continents, including Japan and the Middle East, this new expanded vision will see Circles continue to transform consumer experiences and power the future of telco and connectivity.

About Circles

Founded in 2014, Circles is a global technology company reimagining the telco industry with its SaaS platform – Circles X, helping telco operators launch and operate successful digital brands.

Today, Circles is partnering with operators in 14 countries to deliver delightful digital experiences to millions of people through our businesses.

With Circles.Life, our digital lifestyle brand, empowers and delights customers across the world by offering digital experiences that go beyond traditional telco services.

With Circles X, our digital telco technology empowers operators to launch digital telco brands from anywhere in the world. Built for operators by an operator, Circles X powers both Circles.Life and our partner operators’ digital telco brands.

Circles is backed by global investors such as Peak XV Partners, Warburg Pincus, EDBI and Founders Fund – renowned institutions with a track record of backing industry-shaking innovators.

CONTACT:
Metta.ni@fgsglobal.com 
+65 8660 0314

 

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The Standard Titled “Technical and Application Requirements for Intelligent Software Engineering Part 1: Large-scale Code Models”, in which Xiao-I (NASDAQ: AIXI) Participated, has been Officially Released

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SHANGHAI, March 1, 2024 /PRNewswire/ — Recently, the China Academy of Information and Communications Technology (“CAICT”) and the Industrial and Commercial Bank of China (“ICBC”) jointly released a milestone industry standard called “Technical and Application Requirements for Intelligent Software Engineering Part 1: Large-scale Code Models” (Standard Number AIIA/PG 0110-2023). It is worth mentioning that Xiao-I Corporation (NASDAQ: AIXI) (“Xiao-I” or the “Company”), a leading company in the field of artificial intelligence, has actively participated in the development of this standard. The release of this standard marks the birth of the industry’s first large-scale code model standard, providing strong support for the healthy and orderly development of the Artificial Intelligence for Software Engineering (AI4SE) industry.

The new standard provides detailed specifications for the technical capabilities and application requirements of large-scale code models, covering various stages such as research and development, evaluation, and acceptance. Its aim is to provide clear references for enterprises in the construction and improvement process of large-scale code models. The standard covers three main parts: general capabilities, specific scenario capabilities, and application maturity. These include 16 capability items and over 100 specific capability requirements. These requirements establish comprehensive technical capability standards for large-scale code models across multiple dimensions, including input diversity, task diversity, language comprehensiveness, result acceptability, and result accuracy.

The release of this standard is of great significance in promoting the standardization and development of large-scale code model technology. It will not only enhance the overall technical level of the industry but also facilitate cooperation and communication among enterprises, promoting the industry’s development towards a more standardized and professional direction.

Xiao-I has always been at the forefront of innovation in the field of artificial intelligence. In June 2023, the Company released the Huazang General Model, aiming to create an operating system for the new era of artificial intelligence with the core principles of “being controllable, customizable, and deliverable.” By actively participating in the development of industry standards related to large-scale models, Xiao-I has not only demonstrated its forward-thinking layout, but also its determination and responsibility as a leading domestic AI company in promoting the standardization process in the industry.

Looking ahead, Xiao-I will continue to devote itself to the standardization work in the field of artificial intelligence, actively participating in the development and revision of relevant standards, and contributing wisdom and strength to the healthy development of the industry. Meanwhile, the Company will continue to promote technological innovation, improve product performance, provide users with high-quality artificial intelligence services, and contribute to the efficient and rapid development of China’s artificial intelligence industry.

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing,voice and image recognition, machine learning and affective computing. Since its inception in 2001,the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation.For more information, please visit: www.xiaoi.com. 

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:
Ms. Berry Xia
Email: ir@xiaoi.com 

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SOURCE Xiao-I Corporation

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Update on shares repurchased during the first quarter 2024: Loomis AB

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STOCKHOLM, March 1, 2024 /PRNewswire/ — Loomis AB has through the repurchase program that was resolved and communicated on January 30, 2024, and that is still being executed, repurchased 310,898 shares as of February 29, 2024. Loomis AB’s holding of own shares thereby amounts to 4,519,680 shares, corresponding to 6.0% of the outstanding shares in the company. The total number of shares in Loomis AB, including the company’s own shares, amounts to 75,279,829.

The share repurchases may comprise an amount up to a maximum of SEK 200 million and will end no later than on April 5, 2024.

For information about transactions in the repurchase program, please see: www.nasdaqomxnordic.com/news/corporate-actions/repurchase-of-own-shares.

This press release is also available on the company’s website, www.loomis.com.

Contact:

Jenny Boström
Head of Sustainability and IR
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com

The following files are available for download:

https://mb.cision.com/Main/51/3939075/2640781.pdf

Update on shares repurchased during the first quarter 2024

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SOURCE Loomis AB

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Bitget Wallet now supports the Blast Mainnet, pioneering full ecosystem support as a Web3 wallet

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VICTORIA, Seychelles, March 1, 2024 /CNW/ — The globally leading Web3 trading wallet Bitget Wallet has now integrated support for the Blast Mainnet, making it the first all-in-one Web3 wallet for the Blast ecosystem. Users can effortlessly add and switch mainnets within the wallet with just one click, without the need for manual configuration. This integration enables users to manage, transfer, swap, and interact on one of the largest L2 launches in 2024.

Bitget Wallet has aggregated liquidity from mainstream DEXs within the Blast ecosystem, such as BlasterSwap and MonoSwap, into its Swap feature. This allows for mainnet token Swap transactions, providing users with convenient services for trading assets on the Blast blockchain.

During the Blast testnet phase, Bitget Wallet was among the first to offer support, unveiled a dedicated zone in its DApp page for Blast. This section featured over 40 elite projects from Blast’s Big Bang incentive program, enabling users to easily explore, interact, and potentially receive future airdrops in the Blast ecosystem. Following the launch of the Blast mainnet, Bitget Wallet plans to continue integrating popular projects from the Blast ecosystem, offering users extensive asset management features and a comprehensive ecosystem experience.

Bitget Wallet’s COO, Alvin Kan, highlights Blast as a Layer 2 solution with staking at its core, gaining market attention since launch. He says, “We’re committed to cutting-edge tech, lowering Web3 engagement barriers. Collaborating with quality mainnets like Blast, we aim to drive Web3 ecosystem growth.”

This week, Bitget Wallet engages with popular Blast ecosystem projects, exploring market traction, “Stake Layer 2” narrative, TVL enhancement strategies by staking and earning points, notable projects, and effective ways for users to participate in the Blast ecosystem upon mainnet launch. This provides users with valuable insights for meaningful ecosystem engagement.

Additionally, Bitget Wallet is organizing major events to support the Blast ecosystem, providing users with opportunities for discovering new assets.

About Bitget Wallet

Bitget Wallet stands as Asia’s largest and one of the world’s top non-custodial Web3 wallets, boasting over 19 million users globally. Featuring a comprehensive array of features including asset management, intelligent market data, swap functionality, launchpad, inscribing, DApp browsing, and more, Bitget Wallet promises users an unmatched multi-chain Web3 experience. Currently, Bitget Wallet supports over 100 blockchains, hundreds of EVM-compatible chains, and more than 250,000 cryptocurrencies. By aggregating liquidity across hundreds of leading DEXs and cross-chain bridges, Bitget Wallet is able to facilitate seamless and efficient trades on 40+ blockchains.

For more information, visit: Website | Twitter | Telegram | Discord

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SOURCE Bitget Wallet

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