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TCTM Announces Trading Under New Name on Nasdaq

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BEIJING, Feb. 27, 2024 /PRNewswire/ — TCTM Kids IT Education Inc. (NASDAQ: TCTM) (“TCTM” or the “Company”), a leading provider of IT-focused supplementary STEM education services in China, today announced that its American depositary shares, each representing five Class A ordinary shares, par value US$0.001 per share (the “ADSs”), will commence trading on Nasdaq under the new name “TCTM Kids IT Education Inc.” at the market opening on February 28, 2024.

As previously announced, a special resolution to approve its name change from “Tarena International, Inc.” to “TCTM Kids IT Education Inc.” was adopted at an Extraordinary General Meeting of Shareholders, held by the Company on February 20, 2024, in Beijing.

Trading of the ADSs under the new name on Nasdaq will not affect shareholders’ rights, the Company’s operations, or its financial position. The Company does not intend to change its financial strategy or financial reporting as a result of this announcement.

About TCTM Kids IT Education Inc.

TCTM is a leading provider of IT-focused supplementary STEM education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, TCTM offers IT-focused supplementary STEM education programs, including computer coding and robotics programming courses, etc., targeting students between three and eighteen years of age. Aiming to encourage “code to learn,” TCTM embraces the latest trends in STEM education and technology to develop children’s logical thinking and learning abilities while allowing them to discover their interests and potential.

Safe Harbor Statement

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. TCTM may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including any business outlook and statements about TCTM’s beliefs and expectations, are forward-looking statements. Many factors, risks and uncertainties could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: TCTM’s goals and strategies; its future business development, financial condition and results of operations; its ability to continue to attract students to enroll in its courses; its ability to continue to recruit, train and retain qualified instructors and teaching assistants; its ability to maintain or enhance its brand recognition.

Further information regarding these and other risks, uncertainties or factors is included in TCTM’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and TCTM does not undertake any obligation to update such information, except as required under applicable law.

For further information, please contact:

Investor Relations Contact
TCTM Kids IT Education Inc. (formerly known as Tarena International, Inc.)
Email: ir@tedu.cn

View original content:https://www.prnewswire.com/news-releases/tctm-announces-trading-under-new-name-on-nasdaq-302072333.html

SOURCE TCTM Kids IT Education Inc.

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RTX’s Pratt & Whitney Valox™ 1500 Engine Completes Key Design Milestone

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Valox 1500 design set to deliver an optimal mix of affordability, performance and speed to market for autonomous platforms

LONDON, July 21, 2026 /PRNewswire/ — Farnborough International Airshow — Pratt & Whitney, an RTX (NYSE: RTX) business, has successfully completed a key design milestone for its Pratt & Whitney Valox™ 1500 engine, a new powerplant intended for semi-autonomous collaborative platforms. A comprehensive digital assessment confirms the design is on track to deliver an optimal mix of performance, affordability, and speed to market.

“This milestone reflects Pratt & Whitney’s agility and commitment to delivering critical capability to the warfighter at speed,” said Jill Albertelli, president of Pratt & Whitney’s Military Engines business. “By optimizing the engine design for reduced mission life and moving beyond traditional development timelines, our team is bringing forward a more affordable, scalable propulsion solution for emerging operational needs.”

Leveraging proactive investments in digital engineering, Pratt & Whitney has significantly de-risked the development timeline and is now focused on maturing the design for follow-on ground testing. In late 2025, Pratt & Whitney received a contract award valued at more than $10 million from the U.S. Air Force to advance the engine design.

Pratt & Whitney recently unveiled the Pratt & Whitney Valox™ engine family, which is engineered to deliver the speed, precision, and affordability required for modern collaborative combat systems and a broad range of emerging applications.

About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.

About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com

 

View original content:https://www.prnewswire.com/news-releases/rtxs-pratt–whitney-valox-1500-engine-completes-key-design-milestone-302830230.html

SOURCE RTX

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CLO zFab Kit Now Available Globally: AI-Powered Fabric Digitization, No CLO License Required

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Standalone solution available via CLO-SET brings fast and accurate cutting-edge fabric digitization technology to brands, vendors, fabric mills and supply chain partners worldwide

NEW YORK, July 21, 2026 /PRNewswire/ — CLO Virtual Fashion today announced the availability of the CLO zFab Kit, a revolutionary AI-powered fabric digitization solution, now available for order and shipping to customers worldwide. The biggest news for the industry: the CLO zFab Kit can operate as a standalone solution without needing access to the CLO software to operate. Brands, vendors, fabric mills, fabric agents, and supply chain partners can digitize fabrics with full accuracy and produce ready-to-use digital materials via the web using CLOFAB via CLO-SET; a CLO software license is not needed.

“We’ve been eager to come up with ways to address some of the pain points of fabric digitization that our users and clients were going through. Quality was inconsistent, devices were slow and difficult to operate, pricey and often locked behind specialist workflows,” said Justin Kim, 3D Design & Implementation at CLO. “The CLO zFab Kit closes the gap. And by making it truly standalone via the web on CLO-SET, we’re putting accurate digital fabric in reach of the entire supply chain, not just the design teams already using CLO.”

What the CLO zFab Kit Delivers

The CLO zFab Kit combines three pieces of purpose-built hardware (zFab Cutter, zFab Scanner and zFab Draper) with CLO’s AI-powered software to capture a fabric’s physical and visual properties from a single circular sample. The output is a high-fidelity digital fabric, including PBR maps and physical property data, ready to drop into any workflow.

Three things set it apart:

Superior Accuracy. Replaces error-prone manual measurement with a streamlined cutting, scanning and analysis system, producing digital fabrics that can effectively drive production decisions.AI-driven Automation. Powered by proprietary AI and trained on CLO and swatchbook’s extensive fabric dataset, the CLO zFab Kit speeds up digitization while keeping results consistent across operators and locations.Seamless Integration. Outputs work natively in CLO’s platform and export cleanly to other 3D environments – no rework, no format gymnastics.

 

Built for the Fashion Supply Chain

While the CLO zFab Kit perfectly complements design teams using the CLO software, it was purposefully built with fabric mills, vendors, sourcing teams, and material libraries in mind. By providing suppliers with the best tools to create high-quality digital fabrics quickly, easily and consistently, the CLO zFab Kit can help cut physical sample shipments, shortens material approval cycles, and gives everyone in the workflow chain cleaner and better data to decide and act with more confidence.

The CLO zFab Kit is available globally for ordering today. It does not require CLO licenses to operate and use. Pricing, configuration, demo requests, and how-to-use tutorials are available at zfabkit.clo3d.com

About CLO Virtual Fashion

CLO Virtual Fashion is the creator of CLO, the leading 3D fashion design software used and trusted by designers, small businesses, and titans of the fashion industry to achieve a seamless digital workflow. With over two decades of research and development in accurate garment simulation, CLO Virtual Fashion’s mission is to empower users at every step of the garment journey, from concept to design, manufacturing to marketing, and fitting to styling. In addition to 3D garment design software, CLO Virtual Fashion’s products include CLO-SET (a cloud-based asset management and collaboration platform), CONNECT (a digital fashion hub and marketplace), and consumer-facing solutions such as e-commerce virtual fittings. CLO’s interconnected and ever-growing product ecosystem is built to power the future of everything related to garments.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clo-zfab-kit-now-available-globally-ai-powered-fabric-digitization-no-clo-license-required-302830468.html

SOURCE CLO Virtual Fashion

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Arcfra Releases Neutree 1.1 to Help Enterprises Optimize GPU Utilization and Govern AI Inference at Scale

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SINGAPORE, July 21, 2026 /PRNewswire/ — Arcfra today announced the release of Neutree 1.1, a Model-as-a-Service platform for enterprise AI inference. The new version adds native GPU virtualization and expanded model governance capabilities, helping enterprises improve GPU utilization while managing model usage, quotas, access control, and security audits across AI applications.

As enterprise AI moves from pilots to production, organizations are running more diverse model workloads, including LLMs, OCR, ASR, embedding, rerank, and other task-specific models. GPU passthrough remains important for high-performance LLM inference, but lightweight and high-concurrency small models can leave GPU memory and compute capacity underused when each workload occupies a full GPU.

Neutree 1.1 adds native vGPU support on top of existing GPU passthrough and logical isolation capabilities. Users can enable GPU virtualization as needed and split GPU resources by memory and compute capacity, allowing one GPU to run multiple model instances for workloads such as OCR, speech, embedding, rerank, and multi-service concurrent inference. For performance-sensitive LLM workloads, users can continue using GPU passthrough to access full-card resources.

The release also provides a global view of node-level GPU usage, helping administrators allocate, schedule, and split resources based on actual demand. With hard-isolated resource partitioning, multiple model instances can run on the same GPU without interfering with each other, improving utilization while maintaining predictable service behavior.

Neutree 1.1 also extends its model gateway with a unified governance layer for internal and external models. As model services are connected to more business systems, platform teams need centralized visibility into usage, quotas, access permissions, and request-level traceability. Neutree helps teams manage token usage, request activity, API key quotas, rate limits, concurrency limits, model access scopes, access logs, and security audits without changing existing application calling patterns.

Neutree is a key component of Arcfra’s agentic AI infrastructure for AI inference. Together with Arcfra Enterprise Cloud Platform, it helps enterprises build production-grade, high-performance, and governable model inference infrastructure across compute, storage, Kubernetes, and observability layers.

Foxconn, the world’s largest electronics manufacturer, was among the first customers to try Neutree. By using its existing Arcfra infrastructure as a production-grade AI foundation, Foxconn adopted Neutree to streamline model delivery and unify compute and model resource management.

Neutree 1.1 is now open source on GitHub. For Neutree Enterprise, contact Arcfra.

View original content:https://www.prnewswire.com/apac/news-releases/arcfra-releases-neutree-1-1-to-help-enterprises-optimize-gpu-utilization-and-govern-ai-inference-at-scale-302830475.html

SOURCE Arcfra

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