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TerraPay Strengthens Leadership Team with Appointment of Ralph Koker as Global Head of Products

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LONDON, Sept. 3, 2024 /PRNewswire/ — TerraPay, a leading global money movement company, proudly announces the appointment of Ralph Koker as the Global Head of Products. Ralph joins TerraPay with over two decades of experience and expertise in product strategy and development within the financial services sector. 

Ralph’s career is marked by significant achievements across the Asia Pacific and Latin America regions. He began his professional journey with FIS, holding pivotal roles in Manila, Hong Kong, and Bangkok, before transitioning to Visa, Singapore in 2011. His move to Miami in 2017 saw him lead Visa Latin America’s digital product and money movement practices, where he spearheaded impactful market expansions and innovative solutions. Most recently, Ralph served as a key member of Visa’s global money movement team, focusing on defining strategic growth initiatives, investments and enhancing customer solutions. 

TerraPay has been significantly enhancing its capabilities, particularly in the wallet space, as part of its broader market expansion. Through a strategic partnership with Swift, TerraPay empowers banks to facilitate international account-to-wallet payments, helping them extend their reach and access. Additionally, TerraPay’s establishment of the Wallet Interoperability Council, alongside five leading wallet providers, underscores the company’s commitment to a robust and forward-thinking product strategy. 

In this evolving landscape, Ralph’s role is pivotal. His deep expertise in commercial and retail payments, combined with an understanding of global banking operations, positions him perfectly to refine TerraPay’s product strategy and spearhead comprehensive go-to-market initiatives. With Ralph at the helm, TerraPay is poised to scale its service offerings and strengthen client relationships on a global scale. 

Expressing confidence in Ralph’s appointment, Ani Sane, Co-founder and Chief Business Officer at TerraPay, said, “We are thrilled to welcome Ralph to our leadership team. His strategic insights and deep-rooted experience in product innovation will prove to be vital as we continue to elevate our offerings and deliver unparalleled value to our customers.” 

Ralph Koker, Global Head of Products at TerraPay, commented, “I am honoured to join TerraPay during this transformative phase. The opportunity to contribute to TerraPay’s mission of digitising global money movement resonates deeply with me, and I look forward to driving innovation and growth alongside this talented team.” 

About TerraPay

TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 30+ global markets and enabling payments to 140+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintech and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.   

Media Contact:
Juveria Samrin
juveria.n@terrapay.com 

 

SOURCE TerraPay

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Texas Logistic and Fulfillment Expands to Over One Million Square Feet and Launches Renewable Energy Division

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HOUSTON, May 21, 2025 /PRNewswire/ — Texas Logistic and Fulfillment, a leading 3PL and logistics provider, has reached a major milestone by operating over one million square feet of warehousing space across Texas. The company also proudly announces the launch of a dedicated renewable energy division specializing in solar panels and lithium battery storage.

Under the leadership of CEO Omri Shafran, the company is rapidly responding to Texas’s growing demand for clean energy infrastructure.

“Due to very high demand in the Texas market, we decided to establish a dedicated team and warehouses tailored for renewable energy products and solar panels,” said Shafran. “This includes HVAC-controlled facilities with low humidity—something that’s particularly challenging in Texas weather—as well as specialized forklifts and handling equipment. We’ve also created critical SOPs and assigned a specialized operations team to support this sector.”

This innovation has caught the attention of policymakers, including Texas Governor Greg Abbott, who praised the company’s forward-looking initiatives and encouraged more renewable energy companies to enter the Texas market.

Texas Logistic and Fulfillment is also celebrating a new strategic partnership with Tongwei Solar, the world’s largest solar panel manufacturer. The collaboration marks a significant step in strengthening global supply chains.

“These new partnerships will strengthen the relationship between Texas and leading Asian manufacturers,” noted Dimitri Menin, President of Texas Logistic and Fulfillment. “We’re proud that Texas Logistic will serve as the gateway for these companies into the U.S. market.”

With a 550% increase in sales over the past year, Texas Logistic and Fulfillment is on track to redefine the logistics landscape—not just in Texas, but across the United States.

View original content:https://www.prnewswire.com/news-releases/texas-logistic-and-fulfillment-expands-to-over-one-million-square-feet-and-launches-renewable-energy-division-302462425.html

SOURCE Texas Logistics and Fulfillment Services LLC

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Cognex to Present at the TD Cowen Technology, Media & Telecom Conference

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NATICK, Mass., May 21, 2025 /PRNewswire/ — Cognex Corporation (NASDAQ: CGNX) today announced that Rob Willett, Chief Executive Officer, will participate in a fireside chat at the 53rd annual TD Cowen Technology, Media & Telecom Conference on Wednesday, May 28, 2025, beginning at 10:50 a.m. Eastern Daylight Time.

The presentation will be made available via webcast on the Investor Relations section of the Cognex website at www.cognex.com/investor.

About Cognex Corporation

Cognex Corporation (“Cognex”) invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in a wide range of businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, automotive components, and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is particularly valuable for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings are obtained through the reduction of labor or improved product quality.

Cognex is the world’s leader in the machine vision industry, having shipped more than 5 million image-based products, representing over $12 billion in cumulative revenue, since the company’s founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details, visit Cognex online at www.cognex.com.

Investor Contacts:
Greer Aviv – Investor Relations
Jordan Bertier – Senior Manager, Investor Relations
Cognex Corporation
ir@cognex.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cognex-to-present-at-the-td-cowen-technology-media–telecom-conference-302462387.html

SOURCE Cognex Corporation

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Reshoring Revolution: Manufacturing’s Homecoming Poised to Unleash Economic Transformation

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SAN DIEGO, May 21, 2025 /PRNewswire/ — Flexible Assembly Systems Inc today announced that a confluence of global events and evolving economic strategies is illuminating significant opportunities for manufacturing reshoring. This trend, where companies bring production home, is gaining momentum, promising substantial benefits for national economies, supply chain stability, and innovation.

The drive behind reshoring is multifaceted. Geopolitical uncertainties, exposed supply chain vulnerabilities, and rising international shipping costs and tariffs have compelled businesses to re-evaluate. Furthermore, growing consumer preference for domestic goods and advancements in automation are making domestic manufacturing increasingly competitive.

“We are seeing a pivotal shift in manufacturing strategies,” notes Eddie Silverberg. “The focus is on resilience, quality control, and fostering innovation closer to home. Reshoring offers a clear pathway to these objectives.”

The advantages of reshoring extend beyond individual companies. It is anticipated to stimulate domestic job creation across various sectors, contributing to broader economic growth and a strengthened industrial base. Shorter supply chains also lead to reduced lead times, greater market agility, and a diminished carbon footprint.

Moreover, reshoring can foster robust innovation, with closer proximity between R&D and production accelerating technological implementation. Government initiatives are further encouraging this shift, aiming to rebuild key industries.

While transitioning to reshored operations presents challenges like upfront investment and potential skills gaps, the long-term strategic benefits are compelling. Companies recognize the advantages of enhanced production control, improved supply chain security, and the appeal of domestically made products.

As businesses navigate a dynamic global landscape, reshoring manufacturing is poised to reshape industries, bolster economies, and create a more secure, sustainable production future.

About Flexible Assembly Systems
Flexible Assembly Systems is an industrial supply distribution company with a focus on offering industrial tools and equipment to manufacturers in the Automotive, Aerospace, Defense, Electronics, and medical device segments. For more information, visit www.FlexibleAssembly.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/reshoring-revolution-manufacturings-homecoming-poised-to-unleash-economic-transformation-302462431.html

SOURCE Flexible Assembly Systems Inc

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