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OXMAN Unveils the O° Shoe – a 100% Biodegradable Shoe made without Petrochemicals, producing Zero Microplastics

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The O° collection is made using patent pending OXMAN technology that integrates digital, material, biological, and robotic innovations and uses a single organic material to create 100% biobased consumer products

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NEW YORK, Oct. 31, 2024 /PRNewswire/ — OXMAN, a design lab whose mission is to create and deliver nature-centric products and environments to its clients and the natural world, has unveiled O°, a biomaterial, digital, and robotic technology platform that powers the production of biobased textiles and wearables that are 100% biodegradable when disposed of, made entirely with organic material and without petrochemicals or glues, and producing no microplastics. O° (pronounced “O-Zero”) removes the complexity inherent in conventional fabrication processes, enabling the creation of consumer products from one material, under one roof, with minimal human intervention — through a nearly zero-waste process. The first product to be created using O° platform is a collection of shoes made entirely of polyhydroxyalkanoates (PHAs), a class of organic material known for its versatility and biodegradability. 

 

“PHAs have long been recognized as a promising alternative to petroleum-based plastics,” noted Neri Oxman, CEO and Founder of OXMAN. “We have successfully elevated the potential of PHA through the development of O°, a new technology for the design and fabrication of products that seeks to minimize harm in its conception and nourish the environment in its afterlife. We are thrilled to unveil our first product using this new technology: the O° shoe, which is made using 100% PHA, is 100% biodegradable, and has no petrochemicals or microplastics.”

0% petrochemicals, 0% forever chemicals, 0% microplastics, and 100% biodegradable
PHAs can be produced by bacteria which consume atmospheric carbon dioxide, methane, and/or food waste, reducing carbon in the environment as they grow. They are biologically recyclable, and 100% biodegradable in ambient conditions. As a result, O° textiles and shoes do not leave behind microplastics when they decompose. O° textiles and shoes are made entirely of PHAs, so when they decompose they become one with the environment, returning to the bacteria from which they originated. However, just like traditional biodegradable materials used for apparel such as cotton, wool, and silk, PHA will not biodegrade while being worn, washed, or stored.

A high-efficiency design process
O° shoes embody the versatility of PHAs by incorporating precise designs informed by the kinetics of human motion. Whether they take final form as a walking or running shoe, or ballet slipper, each shoe has a base layer of a knitted upper and outer layers that are printed on the textile to provide specific functionality including reinforcement, cushioning, strength, and pliability. The versatility and automation built into the O° platform enable rapid iterations and  an accelerated development process from design to production.

A near zero-waste production process
A compact robotic system is central to the O° platform: the O° robotic system 3D prints custom PHA blends onto a textile that is 3D knitted on an industrial flatbed machine from a 100% PHA yarn produced through a process of extrusion and melt spinning. By using this knitting and printing technology to create shape and movement, OXMAN has eliminated the cut-and-sew and adhesion processes associated with traditional shoe assembly. The O° technology offers a near zero-waste production process and requires minimal human involvement and intervention, enabling local, low-cost production, minimizing the transport cost and environmental impact of the distant supply chains typical of the shoe industry.

Bio-engineered colorways, free of petrochemicals
Many industrial pigments and dyes are sourced from raw materials derived from petro-chemicals which release environmentally damaging chemicals during their production and usage. These dyes and pigments are dependent on a resource-intensive and complex global supply chain for synthesis, processing, and transport. In contrast, bacteria can produce pigments from simple and abundant natural resources. O° uses bacteria not just as a source of material, but also to encode other functional properties such as pigment production to simplify and centralize the manufacturing process.

OXMAN’s O° platform builds on the promise of PHAs by tuning the fabrication process and offering an alternative design and production process that holistically considers a product’s entire lifecycle, from conception to decomposition. 

OXMAN is now initiating discussions with potential partners, investors, and brand collaborators to bring the production of O° shoes and textiles to scale and to market.  We look forward to hearing from you. You can reach us here.

About OXMAN
OXMAN is a design lab whose mission is to create and deliver nature-centric products and environments to its clients and the natural world. Bringing together computational design, robotics, materials science, green chemistry, biology, and eco-system engineering, OXMAN’s work reinvents the industrial systems that dictate how we design and produce everyday things—from the foods we eat and the clothes we wear to the buildings we inhabit. https://oxman.com

O° CONTACT
https://oxman.com/contact

MEDIA CONTACT
Alex Klimoski
oxman@resnicow.com
+1 (212) 671-5184 

BACKGROUND
The Problem: Endless Assemblies, Forever Chemicals
The footwear design and manufacturing industry faces significant environmental challenges that include hazardous chemical formulations polluting our air, water and soil, greenhouse gas emissions, human exploitation, lack of supply chain traceability, as well as lack of sustainable end-of-life scenarios for materials that cannot be recycled or biodegraded.

Facts & Figures:

24+ billion shoes are manufactured worldwide each year1,2,3300+ million pairs of shoes are discarded annually, 95% of which wind up in landfill2,3Shoes do not break down easily or quickly: shock-absorbent soles can remain in a landfill for 1,000 years4On average, 40 distinct materials are used to create a traditional shoe (e.g., foams, fabrics, rubbers, coatings, adhesives)5″Forever chemicals” are found in almost all mass-produced shoes today (33-4200 parts per billion can be found in a traditional shoe)6Shoes made from petroleum-derived plastics account for 1.4% of global greenhouse emissions7,8

The Solution: One Material, One System
O° is a design platform that starts and ends with biology. It embodies an automated, vertically integrated, bio-digital fabrication system for lifecycle design of multi-functional mono-material products. 

Made entirely of polyhydroxyalkanoates (PHAs), a bacterially-produced thermo-plastic polymer, the mono-material O° enables the design and digital fabrication of apparel items, such as shoes and textiles, that exhibit a range of physical properties, functions, and end-of-life trajectories. By cultivating our materials from bacteria—as opposed to extracting them from resources like oil or sourcing them from farmed materials such as wool and cellulose—we unlock the potential for a radically new production paradigm—one that bears more resemblance to growing than to the conventional manufacturing processes. This approach envisions centralizing all components of production into a single material, a single site, and a single process. O° aims to remove the complexity involved in the fabrication of objects by staying within one material class for all technical requirements. Streamlining manufacturing allows us to remove externalities that would incur environmental damage; if we only need one material to make a shoe, we have no need to import specialized components from around the globe. Reducing microplastics, reducing atmospheric greenhouse gasses, and promoting biological growth through targeted biodegra-dation follow as further vectors of possible positive environmental impact. 

Unmatched Versatility: Efficiency in Design, in Tune with Nature
The versatility and automation built into the O° platform enable rapid iterations and an accelerated development process from design to production, enabling a wide array of mechanical, thermal, chemical, and manufacturing properties that meet a broad range of processing needs and applications. Such high levels of versatility, achieved through design tunability across design stages and media—production, processability, and programmable decomposition— are at the core of O°’s designs and platform technology.

Key Features:

Origins: PHAs are derived from naturally-occurring “feedstocks” which include carbon dioxide, methane, sugars, and waste streams. There is a broadening scientific consensus that PHAs can be produced in bulk from atmospheric carbon and other sources that provide it with a very small or even negative carbon footprint.Processability: Considered the most versatile bacterially-derived thermo-polymer class, PHAs are easily integrated into most industrial manufacturing processes, including melt extrusion, injection molding, melt blowing, fiber spinning, and casting.Functionality: With over 13 formulations designed to provide a range of mechan-ical properties for specific uses, our PHA yarn is 6x as flexible as polyester and as soft as lyocell. In place of assembling independently produced parts, each with its homogeneous material properties, we harvest biological mono-materials with highly tunable properties to create gradients of functionality.Product features (pigmentation, scents, branding): The bacterial production of PHAs enable genetically and chemically-encoded pigmentation, scents, and labeling. The genetic label of O° is synthesized in DNA. Once embedded, this label can be used to detect and read the genetic code following polymer biodegradation. This can enable a future where precise identification of disposal and biodegradation products is an everyday reality.

1 https://www.worldfootwear.com/news/10-countries-were-responsible-for-88-of-total-footwear-production-/9148.html
2 https://www.washingtonpost.com/climate-solutions/2024/04/01/plant-based-sole-sneaker/
3 Bodoga, A., Nistorac, A., Loghin, M.C. and Isopescu, D.N., 2024. Environmental Impact of Footwear Using Life Cycle Assessment—Case Study of Professional Footwear. Sustainability, 16(14), p.6094.
4 Lippa, N.M., Krzeminski, D.E., Piland, S.G., Rawlins, J.W. and Gould, T.E., 2017. Biofidelic mechanical ageing of ethylene vinyl acetate running footwear midsole foam. Proceedings of the Institution of Mechanical Engineers, Part P: Journal of Sports Engineering and Technology, 231(4), pp.287-297.
5 Cheah, L., Ciceri, N.D., Olivetti, E., Matsumura, S., Forterre, D., Roth, R. and Kirchain, R., 2013. Manufacturing-focused emissions reductions in footwear production. Journal of cleaner production, 44, pp.18-29.
https://www.ecocenter.org/our-work/healthy-stuff-lab/reports/wolverine-worldwide-shoes-pfas-results/toxic-pfas-chemicals
https://ourworldindata.org/ghg-emissions-by-sector
8 Bodoga, A., Nistorac, A., Loghin, M.C. and Isopescu, D.N., 2024. Environmental Impact of Footwear Using Life Cycle Assessment—Case Study of Professional Footwear. Sustainability, 16(14), p.6094.

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The 2nd China (Guangxi)–ASEAN College Students Invitational Competition On Digital Economy and AI Application Innovation was grandly inaugurated in Kuala Lumpur.

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—China and Malaysia Jointly Designated Data Annotation and Corpus Training Base, Setting a New Benchmark for Industry-Education Integration

KUALA LUMPUR, Malaysia, April 27, 2026 /PRNewswire/ — On April 23, 2026, with the support of the Malaysian government agency and leveraging the favorable opportunity presented by the Secretariat of the China-ASEAN Business and Investment Summit to deepen regional economic, trade, and digital industry collaboration, the opening ceremony of the 2nd China (Guangxi)—ASEAN College Students Invitational Competition On Digital Economy and AI Application Innovation was successfully held in Kuala Lumpur, Malaysia.

Under the theme of “Digital Intelligence Empowerment • Creating a Connected Future,” this competition closely aligns with the trends of China-ASEAN digital economy cooperation under the RCEP framework and actively responds to the Belt and Road Initiative. It recruits participating teams from universities across China and ASEAN countries, aiming to establish an international benchmark platform for industry-education integration and youth exchange in the China-ASEAN digital economy. The event is hosted by the China-Malaysia Institute of Modern Craftsmanship of Digital Economy and jointly organized by institutions such as Guangxi Vocational College of Finance and Guangxi Tus innovation Cross-border E-Commerce Co., Ltd receiving extensive support and active participation from government, enterprises, and academic sectors in both China and Malaysia.

At the opening ceremony, representatives from Chinese and Malaysian government, enterprises, and educational institutions—including LI Gaoyan, Secretary of the Party Committee of Guangxi Financial Vocational College and Prof. Dato’ Indera Ir. Dr. Lee Sze Wei, president of Tunku Abdul Rahman University of Management and Technology; and Zhuge Ronghe, Deputy General Manager of Guangxi Tus innovation Cross-border E-Commerce Co., Ltd. and Executive Director of the AI Cross-border Digital Economy Committee of the Guangxi International Chamber of Commerce—delivered speeches. All parties highly recognized the cross-border industry-education integration platform established by the event and expressed their expectation to leverage it as a bridge to deepen and solidify practical cooperation in the China-ASEAN digital economy.

In addition, a plaque presentation ceremony was held simultaneously at the opening ceremony, officially awarding the “China-Malaysia Institute of Modern Craftsmanship of Digital Economy Data Annotation and Corpus Training Base” to WEHIVE GLOBAL MARTECH SDN BHD, a leading local digital marketing technology company in Malaysia. This marks a substantive step forward by both China and Malaysia in the field of foundational artificial intelligence data services. The establishment of this base not only provides industry-level corpus resources and authentic training scenarios for cultivating digital economy talents in the region but also offers robust support for the technical implementation and commercialization of projects participating in this competition. It establishes a comprehensive, deeply integrated chain of “competition + training + industry,” fostering synergistic alignment between the education system, talent pipeline, industrial chain, and innovation ecosystem.

Compared to previous editions, this year’s competition has undergone a comprehensive upgrade, precisely focusing on the core objectives of cultivating digital economy talent and facilitating the commercialization of research outcomes, with three key highlights: First, an innovative scoring system. The competition incorporates practical AI tool proficiency into its core evaluation criteria, requiring participating teams to create project promotional posters using mainstream AI tools, addressing the common issue of “emphasizing concepts over practical application” in similar events and truly achieving learning and application through competition. Second, a multicultural team formation model. The competition encourages students from China and ASEAN countries to form cross-border teams, fostering cross-cultural exchange, technical complementarity, and conceptual synergy. Third, an enhanced technology commercialization mechanism. The competition offers winning teams dual support— “cash prizes plus full-cycle incubation at the Nanning Comprehensive Pilot Zone Overseas Talent Offshore Innovation and Entrepreneurship Base” —bridging the “last mile” from competition to market implementation, establishing a complete transformation cycle of “competition—cultivation—incubation—implementation” to significantly improve the industrial viability and market competitiveness of participating projects.

This competition draws on the innovative education model of the China-Malaysia Institute of Modern Craftsmanship of Digital Economy, with a core focus on empowering youth innovation and entrepreneurship through AI technology. It aims to identify and cultivate young digital economy talents possessing international vision, practical skills, and innovative thinking, while promoting the application of AI technologies in emerging sectors such as cross-border e-commerce and digital finance. Moving forward, the competition will continue to serve as a bridge, injecting youthful momentum into the high-quality, coordinated development of the China-ASEAN digital economy, and supporting the sustained deepening and steady advancement of industry-education integration between China and Malaysia under the Belt and Road framework.

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ALLSPRING GLOBAL INVESTMENTS LAUNCHES GLOBAL EQUITY FUND, EXPANDING ITS SYSTEMATIC CORE EQUITY SUITE

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LONDON, April 27, 2026 /PRNewswire/ — Allspring Global Investments™, a global asset management company with US$624 billion* in assets under advisement, today announced the launch of the Allspring (Lux) Worldwide Fund – Global Equity Fund, a UCITS sub-fund offering a systematic core global equity investment strategy designed to deliver consistent, repeatable alpha whilst maintaining disciplined risk management across market cycles.

“With the growing success of our Global Equity Enhanced Income Fund and our Climate Transition Global Equity Fund in our UCITS range, we are proud to now launch the Allspring Global Equity Fund in response to client demand for a core global equity solution. This new fund reflects our continued investment in systematic capabilities that combine rigorous quantitative research with fundamental insight”, said Andy Sowerby, head of Allspring’s International Client Group. “As clients look for dependable sources of potential outperformance in an increasingly complex global market, this strategy extends our global equity franchise with a risk-controlled core solution designed for compelling performance across market cycles”.

The Global Equity Fund broadens Allspring’s systematic global equity offering, complementing its existing Global Equity Enhanced Income and Climate Transition Global Equity Funds. These two funds were launched in July 2020 and July 2021, respectively, and both have delivered top-quartile performance within their peer groups since.

The new fund seeks long-term capital appreciation by using proprietary quantitative models integrated with fundamental validation to identify attractively valued, high-quality companies with supportive momentum characteristics. The fund aims to achieve positive excess returns relative to the MSCI All Country World Index. The portfolio is broadly diversified and constructed through a disciplined process that combines active stock selection with holistic risk management.

“Our Global Equity Fund is designed to serve as a true core allocation for global equity portfolios”, said John Campbell, CFA, senior portfolio manager of the Global Equity Fund and head of Allspring’s Systematic Core Equity team. “By targeting bottom-up alpha whilst actively managing macro and fundamental risks, the strategy aims to deliver a smoother excess return profile across different market environments”.

The strategy is managed by Allspring’s Systematic Core Equity team, which oversees approximately US$10.8 billion in assets and has decades of experience managing enhanced index, high-conviction equity solutions.

The fund is available to investors in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden and the United Kingdom in our UCITS vehicle. It will also be available to investors in Switzerland and select Asian countries in the coming months.

ABOUT ALLSPRING
Allspring Global Investments™ is an independent asset management company with more than US$624 billion in assets under advisement*, 18 offices globally and investment teams supported by 365+ investment professionals. Allspring is committed to thoughtful investing, purposeful planning and inspiring a new era of investing that pursues both financial returns and positive outcomes. For more information, please visit www.allspringglobal.com.

*As of 31 March 2026. Figures include discretionary and non-discretionary assets.

This material is provided for informational purposes only and is intended for professional/institutional investor and qualified client use only. Not for retail public use. This content and the information within do not constitute an offer or solicitation in any jurisdiction where or to any person to whom it would be unauthorized or unlawful to do so. It should not be considered investment advice, an investment recommendation, or investment research in any jurisdiction.

INVESTMENT RISKS: All investments contain risk. Your capital may be at risk. The value, price, or income of investments or financial instruments can fall as well as rise and is not guaranteed. You may not get back the amount originally invested. Past performance is not a guarantee or reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations.

Allspring Global Investments™ (Allspring) is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments Luxembourg, S.A.; Allspring Funds Management, LLC; Allspring Global Investments, LLC; Allspring Global Investments (UK) Ltd.; Allspring Global Investments (Singapore) Pte. Ltd.; Allspring Global Investments (Hong Kong) Ltd.; Allspring Global Investments (Japan) Ltd.; and Galliard Capital Management, LLC. Unless otherwise stated, Allspring is the source of all data (which is current or as of the date stated). Content is provided for informational purposes only. Views, opinions, assumptions, or estimates are not necessarily those of Allspring or its affiliates, and there is no representation regarding their adequacy, accuracy, or completeness. They should not be relied upon and may be subject to change without notice.

© 2026 Allspring Global Investments Holdings, LLC. All rights reserved. ALL-04142026-qxuja9fc

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Elbit Systems to Report First Quarter 2026 Financial Results on May 26, 2026

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The Company will host a Conference Call to discuss its financial results on May 26, 2026 at 9:00am ET

HAIFA, Israel, April 27, 2026 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it will publish its first quarter 2026 financial results on Tuesday, May 26, 2026.

Results Conference Call

The Company will host a conference call on May 26, 2026, at 9:00am Eastern Time. On the call, management will review and discuss the results and will be available to answer questions. To participate, please call one of the dial-in numbers below: 

US Dial-in Number: 1-866-744-5399
Canada Dial-in Number: 1-866-485-2399
Israel Dial-in Number: +972-3-918-0644
International Dial-in Number:  +972-3-918-0644

at 9:00am Eastern Time; 6:00am Pacific Time; 4:00pm Israel Time

This call will also be broadcast live on Elbit Systems’ website at http://www.elbitsystems.com. An online replay will be available from 24 hours after the call ends.

Alternatively, for two days following the call, investors will be able to dial a replay number to listen to the call. The dial-in numbers are: 1-888-782-4291 (U.S. and Canada) or +972-3-925-5900 (Israel and International).

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs over 20,000 people in dozens of countries across five continents. The Company reported $7,938.6 million in revenues for the year ended December 31, 2025 and an order backlog of $28.1 billion as of such date.

For additional information, visit: www.elbitsystems.com, follow us on X or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact:
Dr. Yaacov (Kobi) Kagan, Executive VP – CFO
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com 

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com 

Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others, including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

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