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Banxa Appoints Co-CEOs To Lead The Business Into The Next Chapter

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TORONTO, July 25, 2024 /CNW/ – Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) (“Banxa” or the “Company”) is thrilled to announce the appointment of Zafer Qureshi as Co-CEO, joining forces with Holger Arians. This strategic move aims to leverage their combined expertise to propel Banxa into a new era of growth and innovation.

Holger Arians, Chairman and Co-CEO, expressed his enthusiasm for the new leadership structure: “Zafer’s addition to the team has been instrumental in Banxa’s journey over the past 12 months. Zafer and I have worked closely to transform Banxa from a loss-making entity into a sustainably profitable business. Our complementary skills and shared vision make this co-leadership model an exciting development for Banxa. Together, we are committed to driving Banxa’s continued success and delivering exceptional value to our stakeholders.”

Zafer Qureshi, Executive Director and newly appointed Co-CEO, echoed Holger’s sentiments: “I am excited to formalize Holger and my leadership with my appointment as Co-CEO of Banxa. Our collaboration has already yielded significant results, and I am confident that our partnership will enable us to seize new opportunities and successfully navigate the challenges ahead. Banxa has consistently been ahead of the curve and with Web3 becoming more mainstream, we are poised to lead Banxa into a future brimming with potential as we expand our embedded crypto infrastructure.”

Under their leadership, Banxa has achieved remarkable milestones, including reaching sustainable profitability in the March quarter and scaling its business efficiently. The Company has also seen meaningful de-risking and balance sheet improvement by buying out the senior secured convertible note, a significant reduction in the cost of working capital funding – current weighted average cost of sub 15% APR – and greater focus on profitable growth.

The Company believes Holger and Zafer’s leadership has driven Banxa to deliver its best quarter (March 2024) in its history, showcasing the efficacy of their partnership. With this dynamic dual leadership model, Banxa is set to catapult into its next exhilarating chapter, ensuring sustained growth and market dominance.

ABOUT BANXA HOLDINGS INC.

Banxa is the leading infrastructure provider for enabling embedded crypto – empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets. For further information visit www.banxa.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: “Zafer Qureshi”

Zafer Qureshi = Executive Director and Co-CEO, +1-888-332-2692

Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

SOURCE Banxa Holdings Inc.

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TECNO Wins Two IFA Global Product Technology Innovation Awards for Modular Phone and Tonino Lamborghini TECNO TAURUS

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BERLIN, Sept. 6, 2026 /PRNewswire/ — TECNO, a global AI-driven innovative technology brand, achieved two IFA Global Product Technology Innovation Awards at IFA 2026 for its products: the revolutionary TECNO Modular Phone and the ultra-compact Tonino Lamborghini TECNO TAURUS (MEGA MINI G1 Pro).

Tonino Lamborghini TECNO TAURUS (MEGA MINI G1 Pro) took the Miniaturized Gaming PC Technology Innovation Gold Award, standing out with its Italian aesthetics and the exceptional performance in the compact body. Meanwhile, the TECNO Modular Phone was honored with the Ultra-Slim Magnetic Modular Technology Innovation Gold Award, praised for its ultra-slim craftsmanship and unique modular magnetic technology.

These awards once again demonstrate TECNO’s sustained breakthroughs in product innovation and industry-leading craftsmanship in design excellence. The Global Product Technology Innovation Awards were established in 2014 by IDG, IFA, and DIHK to celebrate excellence across the global consumer electronics industry. The awards honor products that set new industry benchmarks and drive innovation through intelligent technology and user-centric design.

TECNO Modular Phone: The World’s Thinnest Modular Smartphone

At just 4.9mm, the TECNO Modular Phone is the world’s slimmest modular smartphone. Powered by proprietary Modular Magnetic Interconnection Technology—combining a precision magnetic array with pogo-pin connectors—it offers a flexible ecosystem of ten high-performance modules that respond dynamically to changing user needs. The host retains a 3000–4000mAh battery, while modules draw power directly for a snap-and-go experience. The portless unibody achieves an IP-rating for dust and water resistance. The TECNO Modular Phone is also set to enter mass production soon.

Engineered to be the ultimate physical gateway for personal AI assistants, it also resolves the inherent conflict between rising AI computing demands and limited device space. The technology has earned over 20 accolades from leading media including CNET, Android Authority, Yanko Design, and The Verge — with CNET and Yanko Design naming it among the Best of MWC 2026, and The Verge recognizing it as the Best Mobile Tech at MWC 2026.

Tonino Lamborghini TECNO TAURUS: One of the World’s Smallest Water-Cooling Gaming Mini-PCs

Tonino Lamborghini TECNO TAURUS (MEGA MINI G1 Pro) is one of the world’s smallest water-cooling gaming PCs at around 6.36 liters. Its vertical chassis with a panoramic transparent window fuses iconic Italian design with raw engineering, transcending traditional hardware to bring a luxury lifestyle into the gaming tech arena. Powered by the Intel® Core™ i9-13900HK and NVIDIA® GeForce RTX™ 5060 (614 AI TOPS, 145W TGP, DLSS 4), it achieves the absolute pinnacle of performance, empowering gamers with high-fidelity play and users with a high-efficiency AI workstation. The water-cooling system sustains peak frequencies under load, while 15 ports including OCuLink, USB4, and WiFi 6E deliver expandability and connectivity. The design was recognized with Yanko Design’s Best of MWC award.

In addition to these two award-winning products delivering powerful, stylish, and AI-driven solutions, TECNO made waves at IFA with the Next-Gen Bezelless Concept Phone featuring a revolutionary 0mm screen bezel, and the convertible laptop MEGABOOK T15 360 Pro. Relentlessly pushing the boundaries of design, performance, and AI innovation, TECNO is pioneering limitless possibilities for futuristic technology and trailblazing experiences.

About TECNO

TECNO is an innovative, AI-driven technology brand with a presence in over 70 markets across five continents. Committed to transforming the digital experience in global emerging markets, TECNO relentlessly pursues the perfect integration of contemporary aesthetic design with the latest technologies and artificial intelligence. Today, TECNO offers a comprehensive ecosystem of AI-powered products, including smartphones, smart wearables, laptops, tablets, smart gaming devices, the HiOS operating system, and smart home products.

Guided by its brand essence of “Stop At Nothing,” TECNO continues to pioneer the adoption of cutting-edge technologies and AI-driven experiences for forward-looking individuals, inspiring them to never stop pursuing their best selves and brightest futures. For more information, please visit TECNO’s official site: www.tecno-mobile.com.

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SOURCE TECNO MOBILE LIMITED

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LG Energy Solution and Seoul National University Open the Door to Commercializing Next-Generation LMR Batteries

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Joint research team suppresses gas evolution, one of the biggest challenges to commercializing lithium manganese-rich (LMR) batteriesThe technology was applied to and optimized for 40 Ah-class large-format cells, which retained 92.2 percent of initial energy after 883 cyclesResearch published in prestigious international journal Nature Communications

SEOUL, South Korea, Sept. 6, 2026 /PRNewswire/ — LG Energy Solution and Seoul National University have secured a key technology that can significantly improve the stability of next-generation lithium manganese-rich (LMR) batteries. On September 7 Seoul time, LG Energy Solution announced the results of a joint study with Professor Jongwoo Lim and his research team in Seoul National University’s Department of Chemistry.

The findings were published in Nature Communications, a prestigious international academic journal, and support the feasibility of applying LMR batteries to large-format cells for electric vehicles (EVs).

Controlling oxygen reaction reversibility suppresses gas evolution, a key challenge to commercialization, laying the foundation for large-cell commercialization

The joint research team identified factors contributing to gas generation and capacity degradation during LMR battery charging and discharging and developed optimal operating conditions for large-format cells to control these issues.

LMR is a next-generation cathode material that can lower material costs by using lower-cost manganese as a primary material without using cobalt. It can achieve high energy density by storing energy through both transition metals, such as nickel and manganese, and oxygen in the cathode material.

However, if oxygen oxidized during charging does not fully return to its original state during discharge, it can damage the battery’s internal structure and generate gas. In large-format cells for EVs, where available internal space is limited, this can increase internal pressure and degrade performance. As a result, gas generation has been a key challenge in commercializing LMR batteries.

The joint research team analyzed oxygen redox under different charging and discharging conditions and found that oxygen recovery depends on both the upper cutoff voltage during charging and the discharge cutoff voltage during discharge.

In testing, lowering the upper charging voltage from 4.6 V to 4.3 V increased the reduction of oxidized oxygen from 86 percent to 97 percent. The team also confirmed that lowering the discharge cutoff voltage from the conventional 3.0 V to 2.0 V enabled oxygen to recover to nearly its original state.

Based on these findings, LG Energy Solution researchers redesigned the operating voltage range and formation process conditions for 40Ah-class large-format LMR cells. They applied a lower-temperature formation process to effectively suppress gas generation associated with large-format cells.

As a result, the optimized 40 Ah-class large-format LMR cells retained 92.2 percent of their initial energy even after 883 charge and discharge cycles. This outstanding cycle-life stability opens the path for the commercialization of LMR materials in large-format cells for EVs, expanding their potential beyond small-format applications.

“This study identified the causes of degradation in LMR batteries from the perspective of oxygen reversibility and demonstrated that cell stability can be improved through electrochemical protocol design alone,” said Professor Jongwoo Lim of Seoul National University. “We confirmed that achieving long-term stability in LMR batteries requires comprehensive consideration of not only charging conditions but also discharge conditions.”

“This research addresses one of the key challenges facing LMR batteries,” said an LG Energy Solution spokesperson. “It demonstrates that stable battery life can be secured even in large-format cells by effectively suppressing gas generation, providing an important foundation for growth in the next-generation LMR battery market.”

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

View original content:https://www.prnewswire.com/news-releases/lg-energy-solution-and-seoul-national-university-open-the-door-to-commercializing-next-generation-lmr-batteries-302870957.html

SOURCE LG Energy Solution

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Park Systems Expands North American Footprint with New Regional Office in Hillsboro, Oregon

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SANTA CLARA, Calif., Sept. 6, 2026 /PRNewswire/ — Park Systems, a leading global manufacturer of atomic force microscopy (AFM) and nanoscale metrology systems, today announced the opening of its newest regional office in Hillsboro, Oregon. The strategic addition enhances the company’s ability to provide localized technical support, rapid-response customer engineering, and direct account management to key semiconductor and high-technology partners across the Pacific Northwest.

The Hillsboro facility complements Park Systems’ existing North American operations network, which includes the U.S. Headquarters in Santa Clara, California, the Latin America Office in Mexico City, and the Advanced Applications Office in Boston, Massachusetts.

“Our mission at Park Systems has always been centered on enabling nanoscience and semiconductor innovation through high-precision metrology,” said Dr. Sang-il Park, Founder and CEO of Park Systems. “Establishing our presence in Hillsboro marks an important milestone in our global growth strategy. By embedding our operations directly within key technology hubs like the Silicon Forest, we deepen our ability to collaborate closely with industry pioneers and drive next-generation semiconductor advancements.”

“Adding a physical presence in Hillsboro directly answers the needs of our regional semiconductor and microelectronics customers,” added Dr. Stefan Kaemmer, President of Park Systems, Inc. “With dedicated application engineers and technical service teams on the ground, we can deliver faster response times, tailored technical partnerships, and hands-on support as our customers scale their advanced manufacturing capabilities.”

The new Hillsboro location will focus on field service engineering, application support, and regional account coordination, reinforcing Park Systems’ commitment to empowering semiconductor and scientific progress across North America.

For more information about Park Systems locations and services, visit www.parksystems.com.

About Park Systems

Park Systems is a global leader in nanometrology, providing advanced measurement solutions for research and industrial applications. Founded by Dr. Sang-il Park, a contributor to the invention of atomic force microscopy (AFM) at Stanford University, the company has grown through continuous innovation and strategic acquisitions. Its technology portfolio includes AFM, white light interferometry (WLI), digital holographic microscopy (DHM), imaging spectroscopic ellipsometry (ISE), active vibration isolation systems, and solid metal probes.

View original content to download multimedia:https://www.prnewswire.com/news-releases/park-systems-expands-north-american-footprint-with-new-regional-office-in-hillsboro-oregon-302870972.html

SOURCE Park Systems, Inc.

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