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Alliance University, Bengaluru, conducts 13th Convocation, 1145 students receive degrees

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Chief Guest, His Excellency Shri PS Sreedharan Pillai, Hon’ble Governor of Goa, said, “Education is not just a pathway to a career but a foundation for a meaningful life.”

BENGALURU, India, Dec. 23, 2024 /PRNewswire/ — The 13th Convocation of Alliance University, Bengaluru, saw a total of 1,145 students receive UG and PG degrees and PhDs in multiple streams. The ceremony was graced by distinguished dignitaries. His Excellency Shri PS Sreedharan Pillai, Hon’ble Governor of Goa, was the Chief Guest at the ceremony. Guests of Honour included Shri Basavaraj Shivalingappa Horatti, Chairman of the Karnataka Legislative Council; Shri Priyank Mallikarjun Kharge, Minister for Rural Development & Panchayat Raj, IT & BT, Govt. of Karnataka; and Dr. G. Satheesh Reddy, Chairman, Aeronautical Development Agency.

Honorary doctorates were conferred upon His Excellency Shri PS Sreedharan Pillai; Padma Bhushan Dr. VK Saraswat; Padma Shri Anju Bobby George, and Shri Prakash Rao, acknowledging their exceptional contributions to their respective fields.

Addressing the audiences, His Excellency Shri PS Sreedharan Pillai, Hon’ble Governor of Goa, said, “Alliance University exemplifies academic excellence and innovation, rooted in holistic education and fostering critical thinkers prepared for a dynamic world.” He emphasized that their success reflects not only personal effort but also the unwavering support of mentors and families. He urged them to uphold the university’s values of integrity, resilience, and lifelong learning as they navigate a rapidly evolving landscape. “Education,” he noted, “is not just a pathway to a career but a foundation for a meaningful life. With adaptability and a commitment to learning, graduates are poised to shape a brighter future.”

Shri Priyank Mallikarjun Kharge, Minister for Rural Development & Panchayat Raj, IT & BT, Govt. of Karnataka, said: “Karnataka has undergone a remarkable transformation from an IT services hub to a global technology leader, now ranked as the world’s fourth-largest tech cluster. Our state’s leadership in electronics, aerospace, and biotechnology is a testament to our innovative spirit. To the graduates, remember that failure is not the end, but a stepping-stone to success. Embrace lifelong learning and adaptability to shape a brighter future for yourselves and for the world.”

“Education is a transformative tool for shaping individuals and society. Graduates must see their degree as a starting point, embracing lifelong learning, adaptability, and courage to drive change and leave a lasting impact,” said Shri Basavaraj Shivalingappa Horatti, Chairman of the Karnataka Legislative Council.

G. Satheesh Reddy, Chairman, Governing Body, Aeronautical Development Agency, said: “India is going through an evolutionary phase, with positive changes all around. About 4.38 crore students are pursuing higher education today in the country, and 14 lakh engineers graduate every year. India is number 3 globally in the number of PhDs being produced annually. Over 75% of IIT graduates today prefer to stay back in India, rather than go abroad. In 2016, India had just 458 startups, in contrast to 150,000 today. We are now self-reliant in a range of weapon systems. In FY 2023-24, we exported Defence equipment worth Rs 21,000 crore, and are targeting Rs 50,000 crore in next three years. India can become a world-leader in Defence with in-depth innovation and research. India’s universities have a big role to play in this by producing great leaders strong on research and scientific talent.”

Dr. Priestly Shan, Vice Chancellor, Alliance University, added: “Our 13th Convocation celebrates not only the academic achievements of our students but also their resilience, creativity, and determination. As they embark on their professional journey, I am confident they will continue the university’s legacy of excellence and contribute significantly to the nation. Looking ahead, Alliance University is committed to advancing academic innovation through new programs, research excellence, and skill development initiatives while investing in state-of-the-art infrastructure and international partnerships. I encourage students to lead with integrity, learn relentlessly, innovate boldly, and contribute meaningfully to society.”

The prestigious Bank of Baroda Gold Awards were presented to students excelling across various disciplines. University officials also took pride in the university’s exceptional placement record, with 100% placement assistance in top companies, such as Accenture, JP Morgan & Chase Co, IDFC FIRST Bank and Deutsche Bank.

The ceremony highlighted the extraordinary accomplishments of the graduating batch, showcasing their innovation and excellence across fields like space research and eco-friendly advancements. Among the notable achievements was a patent for the ‘Design of Eye Sensory Helmet Mounted Display System for UAVs and Drones’, developed collaboratively by the faculty and students.

Graduates also received recognition for their ‘Comprehensive Study of Space Debris’, presented at international conferences. Additionally, several students earned prestigious scholarships for higher education at renowned institutions, such as Imperial College London and the State University of New York (SUNY) Albany.

About Alliance University

Established in 2010, Alliance University is South India’s first private institution, located in Bengaluru, Karnataka, and recognized by the University Grants Commission (UGC). The university fosters a community of lifelong learners and global citizens. Since its inception, Alliance University has expanded its offerings, establishing the Alliance College of Engineering & Design and the Alliance School of Law in 2012. The institution emphasizes experiential learning, renowned faculty, and state-of-the-art facilities.

Alliance University’s mission is to provide a high-quality environment for teaching, research, and service, facilitating global collaboration to transform lives through innovation and excellence in higher education. Its motto, ‘A World of Opportunities’, reflects a commitment to empowering individuals academically and personally.

For more information, please visit: www.alliance.edu.in/

Media Contact: 
Merin Mariya
merin.mariya@alliance.edu.in
+91-6282805595

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Sidus Space Announces Closing of Offering

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CAPE CANAVERAL, Fla., April 21, 2026 /PRNewswire/ — Sidus Space, Inc. (Nasdaq: SIDU) (“Sidus” or the “Company”), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 13,453,700 shares of its Class A common stock (or pre-funded warrants (“Pre-funded Warrants”) in lieu thereof). Each share of Class A common stock (or Pre-funded Warrant) was sold at an offering price of $4.35 per share (inclusive of the Pre-funded Warrant exercise price) for gross proceeds of approximately $58.5 million, before deducting the placement agent’s fees and offering expenses. All of the shares of Class A common stock and Pre-funded Warrants were offered by the Company.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

ThinkEquity acted as sole placement agent for the offering.

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-292839), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 20, 2026, and declared effective on February 4, 2026. The offering was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and made available on the SEC’s website. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space systems and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: sidusspace.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s prospectus supplement and Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

Investor Relations
Investor-Relations@sidusspace.com

Media
press@sidusspace.com

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Ezee Fiber Connects First Customers in Santa Fe, Accelerates New Mexico Expansion

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HOUSTON, April 21, 2026 /PRNewswire/ — Ezee Fiber, a fast-growing fiber internet company delivering 100% fiber-to-the-home (FTTH) service, announced it has connected its first customers in Santa Fe, New Mexico. This milestone marks the company’s first major step in building its Santa Fe network and expanding multi-gigabit, symmetrical fiber service across the state.

Installations are now underway, giving residents access to Ezee Fiber’s high-performance network, which features symmetrical multi-gig speeds, no data caps, no hidden fees and transparent lifetime pricing. The company also emphasizes locally staffed customer support and a reliable, high-quality experience that sets it apart from legacy providers.

“We’re excited to bring our modern, 100% fiber network to homes the state capital,” said Carlos Rosas, Senior Vice President and General Manager, Southwest Region at Ezee Fiber. “Communities deserve more than basic connectivity. We are focused on delivering ultra-fast speeds, reliability and long-term infrastructure that supports how people live and work today.”

Ezee Fiber began expanding in New Mexico in 2024 and continues to scale rapidly. In addition to Santa Fe, the company is building fiber infrastructure in Albuquerque and surrounding communities, with service activating on a rolling basis as construction is completed.

Residents can expect construction activity to move efficiently through neighborhoods. Ezee Fiber will provide advance notice before work begins and will restore all areas in line with municipal requirements and industry best practices.

Residents can check availability and learn more at ezeefiber.com.

About Ezee Fiber

Ezee Fiber is a rapidly growing fiber internet company delivering premium multi-gig service to residential, business, and government customers over a 100% fiber-optic network—at exceptional value.

The company’s carrier-grade infrastructure spans Texas, New Mexico, Illinois, Oregon, Michigan and Washington, supported by local teams who live and work in the communities they serve. Ezee Fiber’s industry-leading speeds, award-winning customer service, and transparent pricing model set the company apart. Learn more at www.ezeefiber.com.

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SOURCE Ezee Fiber

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CFA Institute calls for functional, proportionate AI oversight to safeguard UK retail investors and market integrity

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LONDON, April 21, 2026 /PRNewswire/ — CFA Institute, the global association of investment professionals, has published its response to the Financial Conduct Authority’s (FCA) Review into the long-term impact of artificial intelligence on retail financial services (the “Mills Review”). CFA Institute welcomes the FCA’s technology-neutral approach, while urging greater operational clarity to ensure responsible AI deployment.

In its submission, CFA Institute supports anchoring AI oversight within the UK’s existing principles-based framework, including the Consumer Duty and the Senior Managers and Certification Regime (SM&CR), rather than introducing a standalone AI rulebook. However, it emphasizes that supervisory expectations must be clearer and more practical as AI systems move from assistive tools to advisory functions and, ultimately, autonomous agents.

CFA Institute argues that regulation should follow what AI systems do for consumers, not how they are labelled or constructed. AI-enabled retail interfaces may generate “advice-like” outcomes, such as personalized product steering or portfolio construction guidance, without formally crossing regulatory thresholds. A substance-over-form approach is therefore essential to prevent regulatory arbitrage and ensure consistent consumer protection.

While the Consumer Duty provides a robust foundation, CFA Institute calls for AI-specific articulation of how its four outcomes apply where decision-making is increasingly delegated to automated systems. In particular, the response highlights a risk of automation bias, which may reduce effective consumer outcomes, especially among vulnerable customers.

Firms should be expected to test, monitor and evidence outcomes based on how consumers actually use AI systems in practice, not solely on how they are intended to function.

The submission also identifies a potential governance gap where firms report formal accountability for AI systems yet lack deep operational understanding of complex or third-party models. CFA Institute recommends clearer expectations around what “reasonable steps” and “meaningful oversight” mean under SM&CR and SYSC when AI is deployed in material retail use cases.

It further calls for:

A proportionate, tiered governance framework aligned to the assistive–advisory–autonomous spectrumClear allocation of end-to-end accountability for consumer outcomesReinforced oversight of third-party AI dependencies and operational resilience risks.

Although retail-focused, the response underscores broader market structure implications, including model concentration, correlated behavior, and third-party dependencies that could amplify volatility in stressed conditions. CFA Institute encourages close coordination between the FCA and the Bank of England, as well as continued alignment with IOSCO and the Financial Stability Board, to reduce fragmentation and support the UK’s global competitiveness.

Finally, CFA Institute stresses that responsible AI adoption depends on developing “hybrid” talent, professionals who combine technological fluency with fiduciary judgement and market expertise. Strengthening professional standards and supervisory capability should form part of the UK’s long-term AI competitiveness strategy.

Olivier Fines, CFA, Head of Advocacy and Capital Markets Policy at CFA Institute, said: “Artificial intelligence has the potential to expand access, improve efficiency and strengthen retail financial services, but only if trust and accountability remain firmly at the center.

“The UK’s principles-based framework is advantageous. The priority now is operational clarity: clear guidance on how the Consumer Duty and SM&CR apply when decision-making is increasingly delegated to AI systems.

“Regulation should follow function, not technological form. Where AI systems effectively shape or execute consumer decisions, protections must apply in substance, not just in label.

“We encourage the FCA to provide practical supervisory guidance by the end of 2026 and to continue close dialogue with industry and international standard-setters. With proportionate safeguards, meaningful oversight and investment in hybrid professional skills, the UK can play a leading role in responsible AI-enabled finance while preserving market integrity and public trust.”

About CFA Institute

As the global association of investment professionals, CFA Institute sets the standards for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across more than 160 markets, CFA Institute has 9 offices and 157 local societies. Find us at https://www.cfainstitute.org/ or follow us on LinkedIn, and subscribe on YouTube.

 

 

 

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