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Hiperbaric Marks 25 Years of Innovation with €4 Million Facility Expansion

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Global Leader in High-Pressure Technology Celebrates Quarter Century with Significant Investment and Technological Advancement

BURGOS, Spain, Oct. 10, 2024 /PRNewswire/ — Hiperbaric, the world’s leading manufacturer of high-pressure processing equipment, commemorated its 25th anniversary today in the company of over 500 guests, including institutional representatives, clients, suppliers, and employees.

At the event Andrés Hernando, Founder and CEO of Hiperbaric, announced a €4 million investment to construct a new facility to house its largest Hot Isostatic Pressing (HIP) system designed to date, reinforcing its commitment to technological advancement and industry leadership.

Hot Isostatic Pressing (HIP) is an advanced manufacturing process that simultaneously applies high pressure and elevated temperatures through an inert gas to densify metal and ceramic components. The process eliminates internal porosity and defects, resulting in fully dense materials with superior mechanical properties including enhanced fatigue strength and ductility.

Key Highlights:

Strategic Expansion: €4 million investment in new HIP manufacturing facility to expand beyond food sector leadership, applying high-pressure expertise to manufacturing high-value industrial components.Engineering Excellence: The machine’s yoke will withstand forces of up to 35,000 tons, showcasing Hiperbaric’s expertise in high-pressure technology.Industry Impact: This advanced equipment will enhance manufacturing capabilities for high-value components in aerospace, energy, and medical implant sectors.Commitment to Innovation: The Spanish pioneer’s commitment to innovation is evident in its substantial investment, allocating 5% of annual turnover (€2-3 million) to R&D projects.R&D Driven Workforce: 20% of the workforce is engaged in innovative projects, resulting in over 30 R&D initiatives and ten patents.

Andrés Hernando, stated, “In these 25 years, we’ve achieved global leadership in high-pressure technology for the food sector. With this new facility and HIP system, we’re advancing and diversifying to apply high-pressure techniques in creating high-value components for the industry.”

Global Dominance in High-Pressure Technology

With a 65% global market share, Hiperbaric has installed more than half of the world’s industrial high-pressure processing (HPP) equipment. In Spain alone, the company commands an impressive 80% market share.

Founded in 1999 by current CEO Andrés Hernando, Hiperbaric began as a small R&D project in a Burgos workshop. Today, the company’s industrial equipment operates in over 50 countries across five continents, with commercial and after-sales offices in Miami (USA), Mexico, and Shanghai (China).

Diversification and Future Growth

Hiperbaric’s strategic diversification includes:

Hot Isostatic Pressing (HIP) technology, commercialized in 2019Green hydrogen compression for sustainable mobility, launched in 2021

The company projects record-breaking revenue of €75 million in 2024, a 20% increase from the previous year, and aims to grow its global workforce by 17% annually, reaching 200 employees by 2026.

About Hiperbaric

Since 1999, Spanish-based Hiperbaric has been at the forefront of designing, manufacturing, and marketing high-pressure technology and industrial equipment. A quarter-century leader in High Pressure Processing (HPP) for the food industry, the company expanded into Hot Isostatic Pressing (HIP) in 2019 and high-pressure Hydrogen (H2) Compression in 2021, contributing to sustainable mobility and industry decarbonization.

Media Contact:

Anthony Zapata 
Business Development 
a.zapata@hiperbaric.com  
+1 305 746 0209

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SOURCE Hiperbaric

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Bybit Renews P2P Super Deal with Up to 99% Savings for New Users

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DUBAI, UAE, Nov. 3, 2026 /PRNewswire/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, has launched the latest round of its Bybit P2P Super Deal, a new-user exclusive promotion offering guaranteed coupons worth up to 99 USDT and savings of up to 99% on eligible P2P orders.

From now to March 30, 2027, P2P Super Deal continues Bybit’s long-running tradition of rewarding newcomers with meaningful incentives as they begin their crypto journey on the platform’s popular peer-to-peer marketplace.

Eligible new users may complete a first-time deposit or trade of just 10 USDT via Bybit P2P to unlock a guaranteed coupon valued between 10 and 99 USDT, which can be applied to the next eligible P2P order for savings of up to 99%.

How It Works

Signing up and verifications: New users must create a Bybit account and complete the necessary identity verification and visit P2P Super Deal to confirm eligibility.First deposit starting at 10 USDT: Participants can locate the “P2P Super Deal” task on the Bybit P2P Trading page and complete an initial deposit.Lucky draw chance: Upon completing the deposit task, a spin of the lucky draw wheel offers a chance to win a coupon valued at up to 99 USDT.Applying the coupon: The coupon can be applied to the next P2P order, reducing the fiat amount paid and delivering savings of up to 99%.

The latest Bybit P2P Super Deal presents a bonus opportunity. For participants who complete an eligible trading or deposit task at 100 USDT or more, an additional spin is available for them to unlock more chances to win higher-value rewards.

Bybit offers year-round benefits for the trading community across its products and services. Bybit P2P combines zero trading fees, support for a wide range of fiat currencies, and an enterprise-grade escrow system, making it an intuitive and powerful platform for both new and experienced traders.

More details on event mechanics, eligibility, and terms and conditions are available at: Learn more about the P2P Super Deal

#Bybit  / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Asset manager margins squeezed as infrastructure bill climbs, PwC finds

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Infrastructure moves up the strategic agenda as asset managers confront margin pressure

LUXEMBOURG, Nov. 3, 2026 /PRNewswire/ — Infrastructure is moving from the back office to the centre of asset managers’ strategy. With profit per AuM down 19% since 2018 and projected to fall another 9.1% by 2030, decisions on what to build, buy or access through partners now shape how firms compete, according to PwC’s Global Asset Management Infrastructure: Rethinking the industry’s piping report. 67% say fee compression is limiting their ability to invest.

Spending is also tied to the past: only 23% of asset managers direct most of their technology budget to new capabilities, while 29% spend more than 70% of it maintaining legacy systems.

Surveying 150 asset managers and 50 infrastructure providers, the report finds AI is sharpening these constraints. Some 24% cite data fragmentation and 17% legacy systems as major barriers to scaling AI.

Roland Kastoun, Global Asset and Wealth Management Advisory Leader, PwC, notes: “The industry’s profits per dollar managed have fallen by almost a fifth, and the bill for the pipes keeps rising. The managers who survive the next five years won’t be the ones with the flashiest AI, but rather the ones who fixed the so-called boring stuff first.”

Market data is seen as poor value for money, with 58% ranking it among the most expensive infrastructure layers relative to the value delivered, ahead of regulatory reporting systems (47%) and core technology platforms (46%).

Meanwhile, some 70% of infrastructure providers expect a larger share of industry revenues, while 68% name hyperscale cloud providers as the main emerging threat.

“Seven in ten infrastructure providers expect to take a bigger slice of the pie, which tells you where the power in this industry is quietly shifting,” said Björn Ebert, Financial Services Leader, PwC Luxembourg.

Some 44% favour hybrid sourcing models combining in-house, bought and partnered capabilities, compared with 21% who prefer to buy, 18% to partner and 13% to build in-house.

The report identifies four emerging infrastructure archetypes, namely infrastructure orchestrators, digital and tokenisation platforms, specialist modular providers and integrated asset managers. No single model fits every firm. Each must decide what to own, what to standardise and where a specialist can do the job better. Those who decide early will be better placed to protect margins through 2030.

Media Contact
Penta Group, pwc@pentagroup.com

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Temu Partners with Latvian IT Cluster to Help Local Businesses Grow Online

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RIGA, Latvia, Nov. 3, 2026 /PRNewswire/ — Temu has signed a memorandum of understanding (MoU) with the Latvian IT Cluster (Latvijas IT klasteris) to support Latvia’s digital business ecosystem, providing local small and medium-sized enterprises (SMEs) with broader access to digital tools, knowledge, and international e-commerce opportunities.

Under the MoU, Temu will collaborate with the Latvian IT Cluster on its programs and activities, host educational webinars and exchange insights with local industry experts. The collaboration brings together Temu’s experience as an international marketplace operator and Latvian IT Cluster’s work helping businesses across sectors adopt digital tools.

Temu and Latvian IT Cluster hosted “The Path to Growth: Navigating E-commerce for European SMEs” on Oct. 20, drawing participants from local businesses across various industries. The webinar covered Temu’s Local Seller Program, logistics and regulatory requirements, and included a Q&A with Temu representatives.

“We are delighted to welcome Temu as a member of the Latvian IT Cluster. The involvement of internationally recognized companies in our ecosystem creates new opportunities for Latvian businesses to gain valuable knowledge, build connections, and strengthen their competitiveness,” said Aiga Irmeja, Chair of the Board at Latvian IT Cluster. “We are pleased that our partnership has already resulted in joint activities exploring e-commerce opportunities in Europe, and we hope this is just the first step towards further joint initiatives that will support the presence of Latvian businesses in the digital economy and international markets.”

The focus on practical guidance and direct dialogue responds to the challenges of complexity and connection, two of the key barriers to growth identified in Temu’s recent Small Business Insights Report, which was informed by meetings and discussions with over 100 European trade organizations.

“We want more small businesses in Latvia to benefit from the opportunities that e-commerce creates,” said a Temu spokesperson. “Working with Latvian IT Cluster brings us closer to local entrepreneurs, helping us understand their needs and support their ambitions to reach new customers and grow across Europe.”

Temu opened its Local Seller Program to businesses in Latvia in October 2025. In March 2026, it signed a logistics MoU with national postal operator Latvijas Pasts to support delivery and returns for local sellers.

About Temu

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

About Latvian IT Cluster

Latvian IT Cluster is an ICT association with around 100 members and 20 years of experience in advancing Latvia’s digital ecosystem. Through national and international initiatives, including the European Digital Innovation Hub, Digital Europe, Team Latvia and AI Studio, the association fosters innovation, digital transformation, knowledge sharing and cross-sector collaboration.

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