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Nauticus Robotics Completes Aquanaut Mark 2 Qualification and Begins Commercial Operations

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HOUSTON, Sept. 30, 2024 /PRNewswire/ — Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software, is pleased to announce completion of qualification testing of its flagship underwater vehicle, Aquanaut Mark 2. The Aquanaut used for testing, Vehicle 2, is now performing commercial inspection work at a production field in the Gulf of Mexico (GOM). This transition from qualification to commercial operations marks a major milestone for the company.

Nauticus’ Autonomous Solutions team completed the qualification testing at a decommissioned field off the coast of Louisiana. All testing was performed autonomously without need of a tether. Vehicle capabilities now certified are flyover surveys, leak detection, obstacle avoidance, and visual inspections. The team also verified sending mission updates mid-execution using only acoustic communications. The vehicle accepted and changed the mission as commanded. As part of the missions, Aquanaut sent compressed photos to the surface via acoustic communications, which the operators viewed for subsea asset verification. A few compressed and high-definition images captured using Aquanaut’s onboard sensors were posted to Nauticus’ X (formerly Twitter) account @nautrobo.

“Successful testing in the Gulf of Mexico has yielded valuable data on subsea assets and demonstrates the strong commercialization potential of Aquanaut Mark 2. We continue to analyze the collected data and Aquanaut’s performance in subsea environments to further optimize operations for future campaigns. Most importantly, this testing has sparked significant excitement among our customers by delivering high-quality, untethered inspection results for the first time,” stated Daniel Dehart, Nauticus’ VP of Field Operations.

Bob Christ, SeaTrepid CEO, commented, “SeaTrepid is excited to be working offshore with Nauticus and is thrilled to be collaborating on bringing autonomy to our subsea fleet of ROVs. Today, a major factor in time of service is dependent upon the quality of technicians. Deploying autonomy on ROVs will enhance technicians’ abilities, making the job materially more efficient and of consistent quality. This will deliver enhanced safety, cost savings (through efficiencies), emissions reduction, and rapid results to our clients. Autonomy is the future. With our Nauticus relationship, we are embracing it.”

John Gibson, Nauticus’ CEO and President, added, “We are confident working together we can quickly deliver autonomy to ROVs.”

Following the successful testing and data review, Vehicle 2 transitioned to full-scale commercial operations at a nearby production field in approximately 1,000 meters of water.

The Aquanaut vehicle leverages Nauticus’ proprietary ToolKITT software, a versatile and platform-independent solution previously tested across various subsea vehicle classes. By harnessing the power of ToolKITT and the pioneering design of Aquanaut, Nauticus is spearheading the industry’s shift from traditional tethered operations to augmented autonomy. This initiative aims to fully transform subsea operations into autonomous, highly efficient processes.

About Nauticus Robotics

Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company’s business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus’ approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus’ services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure. 

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Act”), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus’ products; estimated operating results and use of cash; and Nauticus’ use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends,” or “continue” or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus’ management’s current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”) for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in documents filed from time to time with the SEC, including Nauticus’ Annual Report on Form 10-K filed with the SEC on April 10, 2024. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

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SOURCE Nauticus Robotics, Inc.

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TCL CSOT to Unveil Industry-Leading Display Innovations at SID Display Week 2025

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SAN JOSE, Calif., May 10, 2025 /PRNewswire/ — TCL CSOT, a global leader in display technologies, is set to participate in SID Display Week 2025 with a compelling showcase of innovations that will define the next generation of intelligent displays. From high-performance Inkjet Printing OLED (IJP OLED) and MLED products to advanced FMM OLED and LCD applications, TCL CSOT will present a full spectrum of future-ready display solutions under its APEX innovation platform.

“Introduced in 2024, the APEX brand represents TCL CSOT’s vision for the future of display technology—where exceptional visual performance aligns with human-centric innovation, energy efficiency, and sustainable development,” said Jun Zhao, Chief Executive Officer of TCL CSOT. “At SID 2025, the APEX platform will debut a new generation of groundbreaking technologies that reflect our continued commitment to shaping a more intelligent and environmentally conscious display era.”

Breakthroughs Across Sizes and Applications in IJP OLED

TCL CSOT has been a pioneer in IJP OLED for over a decade. With consistent investment and deep technical expertise, the company has introduced multiple world-first innovations—spanning ultra-large panels and high-resolution flexible displays. As one of the first manufacturers to achieve production-scale commercialization of IJP OLED, TCL CSOT is advancing both the performance and scalability of the technology through greater material efficiency and process flexibility.

At SID 2025, TCL CSOT will debut a complete IJP OLED family bucket—including smartphones, tablets, laptops, rollable displays, and TVs—highlighting the brand’s industry leadership in delivering eco-efficient, production-ready IJP OLED solutions across all mainstream device categories.

Advancing the Full-Spectrum MLED Ecosystem

TCL CSOT continues to push the boundaries of Micro LED technology, introducing high-contrast, high-uniformity display solutions across a wide range of form factors. As part of its MLED ecosystem strategy, the company will present next-generation innovations across scale, brightness, and integration—pushing the boundaries of Micro LED applications. These innovations signal the ongoing evolution of MLED technology into a true platform for immersive, sustainable, and intelligent visual systems.

APEX Across Categories – Comprehensive Display Innovation

In addition to OLED and MLED advancements, TCL CSOT’s APEX platform will feature a robust lineup of innovations across multiple display segments. Highlights include:

Advanced HVA and HFS technologies for improved image quality, low power consumption, and eye-care.Breakthrough FMM OLED displays for slim, high-performance consumer electronics.Next-gen automotive displays designed to elevate in-cabin interactivity, visibility, and aesthetics.

Together, these innovations reflect TCL CSOT’s comprehensive leadership across the intelligent display ecosystem—advancing user experience, technical versatility, and environmental responsibility across industries.

Exhibition Details

Event: SID Display Week 2025
Date: May 13–15, 2025
Location: San Jose McEnery Convention Center, California
Booth: #816

TCL CSOT warmly welcomes industry professionals, media representatives, and ecosystem partners to visit its booth and experience firsthand the technologies that are shaping the future of smart visual interaction. The company looks forward to engaging discussions, collaboration opportunities, and the sharing of insights that will define the next phase of display innovation.

About TCL CSOT

Established in 2009, TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT) is a leading global innovator in display technologies. Its LCD, OLED, and MLED solutions power applications across TVs, smartphones, tablets, laptops, monitors, automotive systems, VR/XR, and commercial displays. With continuous investment in R&D and a strong global supply ecosystem, TCL CSOT is committed to shaping the future of display technology with intelligent, energy-efficient, and user-centric innovations. As part of TCL’s Worldwide Olympic Partnership through 2032, TCL CSOT is proud to deliver display solutions that elevate experiences on the global stage.

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SOURCE TCL China Star Optoelectronics Technology

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MyStonks Launches Industry-Leading On-Chain U.S. Stock-Token Marketplace with 100% Custody Backing

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NEW YORK, May 10, 2025 /PRNewswire/ — MyStonks.org, a decentralized trading platform, announced the official launch of a fully custody-backed, on-chain U.S. stock token marketplace in the crypto industry. Cryptocurrency users can purchase U.S. stocks on MyStonks. Global asset management giant Fidelity provides custodial services for platform users, with an initial custody asset total of $50 million.

MyStonks has successfully established a complete operational cycle that links U.S. stock assets under Fidelity Custody to the Base blockchain for token minting and burning. Users can initiate purchases of Stonks100 stock tokens on MyStonks by transferring USDC or USDT from their self-custodied crypto wallets. Upon confirmation, MyStonks converts these stablecoins into USD and purchases the corresponding stock shares. These are then tokenized 1:1 into ERC-20 tokens via Base smart contracts. For example, when buying Apple shares, users receive AAPL.M tokens minted by MyStonks.org, representing the exact number of shares held. Token pricing utilizes Chainlink oracles.

If users wish to redeem their stock tokens, they can initiate a sell request for AAPL.M or other supported assets directly from their wallets. MyStonks will then convert the tokens back into stablecoins and burn the equivalent tokens in a 1:1 ratio.

To ensure the security of user assets, MyStonks has partnered with Fidelity, which provides custody services (Fidelity Custody) for platform users’ U.S. stock holdings.

According to a custodial statement dated April 29, 2025, Fidelity Custody holds over $50 million in U.S. equities ($50,473,199.00) on behalf of MyStonks Holding Limited. The initial batch of 95 tokenized equities includes major names such as AAPL, AMZN, DIS, GOOGL, META, MSFT, NFLX, and NVDA, each of which is mirrored on-chain by its respective token.

A representative from MyStonks explained that when users purchase U.S. stock tokens on the platform, the corresponding stocks are managed by Fidelity Custody, ensuring the authenticity, compliance, and auditability of assets. Through integration with Fidelity Custody’s infrastructure, MyStonks has achieved a seamless connection between on-chain tokens and off-chain stock assets.

As a trusted institution in TradFi, Fidelity plays a key role in safeguarding asset security and compliance, making it an important partner for MyStonks in the tokenization of stock trading.

Additionally, MyStonks has upgraded its on-chain trading security and user experience. When users initiate buy or sell orders, the platform executes the corresponding operations on the blockchain, including cross-chain asset management, real stock transactions, and the minting or burning of tokens. The entire process is transparent, traceable, and decentralized, enabling users to purchase U.S. stocks in a fully digital and tokenized manner.

All trading operations are governed by smart contracts to ensure immutability and auditability. A Decentralized Identity System (DID) safeguards account uniqueness and prevents fraudulent transactions. Core smart contracts have undergone security audits and are modularly designed to isolate risk. According to MyStonks.org, off-chain fund transfers require multisignature (multisig) wallet authorization to avoid single points of failure. Cross-chain asset movements are executed through audited protocols. Additional protections include a time-lock mechanism for transaction confirmation and HTTPS/HSTS enforcement for frontend encryption.

New user experience upgrades include support for on-chain limit orders, improved wallet connectivity, a refined user account dashboard, and optimized UI layouts.

“The launch of the Stonks100 tokenized U.S. stock marketplace marks an important milestone in our ongoing journey of innovation. As we continue to expand access to tokenized equities, our focus remains on offering secure, professional, and transparent trading infrastructure. We believe MyStonks users and our global community will grow alongside us as we push the boundaries of decentralized finance,” a MyStonks.org representative said.

About MyStonks.org
MyStonks.org is a decentralized crypto asset trading platform born out of a Community Takeover (CTO) effort by the Stonks community. It is an industry-leading platform to offer fully custody-backed, 1:1 tokenized U.S. equities on-chain. MyStonks aims to become the decentralized “NASDAQ” of the crypto world—supporting new token projects and reshaping the DeFi landscape for healthier market growth.

About the Stonks Community
The Stonks community draws inspiration from the GameStop ($GME) movement and the ethos of crypto resistance. The rallying cry: FIGHT! HODL!
Whitepaper: https://main.mystonks.org/pc/whitepaper.html

Fidelity Custody Report:
https://main.mystonks.org/static/pdfjs/web/viewer.html?file=/static/Proof.pdf

Media Contact:
Email: mystonksmedia@mystonks.org

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SOURCE MyStonk.org

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Abu Dhabi and Japan sign agreements to strengthen partnerships, boost bilateral trade and investments

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ABU DHABI, UAE, May 10, 2025 /PRNewswire/ — An Abu Dhabi economic delegation, led by the Abu Dhabi Department of Economic Development (ADDED), concluded a successful visit to Japan, signing agreements with government entities and the private sector to further enhance partnerships in various industries and high-growth clusters.

The Abu Dhabi economic delegation, comprising representatives from more than 80 public sector entities, private enterprises, SMEs, and startups, engaged in high-level meetings with top government officials, key businesses and investors in Japan, exploring collaboration opportunities in across key sectors including life sciences, carbon-neutral technologies, AI, digital infrastructure, robotics, advanced manufacturing, and financial services.

The delegation visited Expo 2025 Osaka and SusHi Tech – Tokyo, and organised the 11th Abu Dhabi Japan Economic Council (ADJEC) meeting, the Abu Dhabi Investment Forum (ADIF) and Abu Dhabi-Japan Business Forum, highlighting cooperation opportunities and the role of Abu Dhabi’s ‘Falcon Economy’ initiatives in accelerating transition towards a smart, diversified, and sustainable development.

12 homegrown startups, supported by Hub71 and Khalifa Fund, participated in SusHi Tech- Tokyo, Asia’s premier startup and innovation conference, highlighting Abu Dhabi’s tech talent, solutions, and investment opportunities in innovation-driven industries.

Organised in partnership with the UAE Embassy in Tokyo, the visit included meetings with H.E. Hirofumi Yoshimura, Governor of Osaka, H.E. Yuriko Koike, Governor of Tokyo, H.E. Nobuhiko Yamaguchi, Vice Governor of Osaka, H.E. Ogushi Masaki, State Minister of Economy, Trade and Industry, H.E. Takeuchi Shinji, Parliamentary Vice-Minister of Economy, Trade and Industry (METI), and H.E. H.E. Kodaira Nobuyori, President of the Japan Cooperation Center for the Middle East (JCCME). The delegation also met senior officials and executives of the Osaka Chamber of Commerce and Industry, Japan Business Federation (Keidanren), Sumitomo Corporation, Cosmo Energy, ITOCHU, and Toshiba.

His Excellency Ahmed Jasim Al Zaabi, Chairman of ADDED, said: “Guided by our leadership’s ambitious vision, we are doubling down on our efforts to future-proof the economy and cement Abu Dhabi’s stature as a rising economic powerhouse and a global hub for talent, business, investment, and trade”.

“Our visit to Japan presented a valuable opportunity to further strengthen our longstanding partnership by exploring new avenues of collaboration in various sectors. The agreements signed during this visit reinforce our commitment to deepening partnerships across priority industries and clusters to address giga shifts in the global economy. We remain committed to enhancing cooperation with key economies and trading partners, making human development and sustainability our top priorities to shape a brighter tomorrow”.

The agreements signed during the visit included a strategic partnership for smart mobility solutions between Emirates Driving Company and Zenmov, a leading company in smart mobility solutions, and Abu Dhabi Chamber and the Japan External Trade Organization (JETRO) agreement to deepen business relations and create new opportunities for collaboration.

In addition, the Emirates Foundation’s Nema initiative and Japan International Cooperation Center (JICE) inked an agreement to bolster cooperation to support achieving Nema’s goal of reducing food loss and waste by 50 percent by 2030, in line with the UAE’s National Food Security Strategy 2051 and U.N. Sustainable Development Goals.

His Excellency Shihab Ahmed Alfaheem, Ambassador of the UAE to Japan, said: “The visit of the Abu Dhabi economic delegation to Japan underscores the strength and strategic depth of the UAE–Japan relationship — one that is rooted in decades of trust and collaboration, and now firmly focused on the future. Japan’s global leadership in digital innovation, smart infrastructure, sustainable mobility, and advanced manufacturing aligns closely with Abu Dhabi’s economic diversification goals and its ambition to build a resilient, knowledge-based, and climate-conscious economy.”

H.E. Alfaheem added: “This mission represents a pivotal moment in our bilateral ties, as we prepare to activate transformative frameworks such as the Comprehensive Economic Partnership Agreement (CEPA). CEPA will provide unprecedented access to markets, streamline cross-border investment, and facilitate greater technological exchange between our nations. It is through such frameworks that we will unlock the full potential of UAE–Japan collaboration across sectors — from clean energy and AI to startups and industrial R&D. The UAE Embassy in Tokyo is proud to support this high-level engagement. We remain committed to fostering meaningful partnerships between Emirati and Japanese institutions, and to advancing shared priorities that will shape the next era of sustainable, innovation-led growth.”

Bilateral trade between the UAE and Japan rose 4.8 percent to AED 182.4 billion (USD 49.7 billion) in 2024, compared to AED 174 billion (USD 47.4 billion) in 2023, while non-oil trade grew 2.2 percent over the same period, reflecting growing ties between the two economies. UAE investment in Japan has increased 100% over the past five years, while the country accounts for 80 percent of Japanese investments in the Middle East.

The Abu Dhabi economic delegation included senior officials and executives from government entities, private sector’s companies, and startups, including the Department of Culture and Tourism – Abu Dhabi, Abu Dhabi Securities Exchange (ADX), ADGM, Abu Dhabi Investment Office (ADIO), Abu Dhabi Customs, Khalifa Fund for Enterprise Development, Abu Dhabi Chamber of Commerce and Industry (ADCCI), ADNOC, KEZAD, Hub71, Abu Dhabi Airports, and major companies from different sectors.

Photo: https://mma.prnewswire.com/media/2684338/Ahmed_Jasim_Al_Zaabi.jpg

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SOURCE Abu Dhabi Department of Economic Development

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