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LG CNS Expands North American AX Business, Supporting Smart Factory Transformation for SMEs

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Showcases technologies at IoT Tech Expo 2026 in San Jose on May 18-19 together with global industry leaders including IBM, SAP, and DeloitteIntroduces Factova, an AI-powered smart factory solution designed to boost production optimization and factory intelligence at SMEsUnveils AI solutions for ultra-precise process control in semiconductor and aerospace manufacturing, along with AI-driven environmental, health and safety management services

SEOUL, South Korea, May 19, 2026 /PRNewswire/ — LG CNS is accelerating its expansion into the North American manufacturing AX market with advanced AI-powered smart factory solutions.

The company participated in the IoT Tech Expo 2026 in San Jose on May 18–19 and was the sole Korea-based exhibitor at the event. The annual trade show, which highlights the latest IoT and AI-powered technologies, attracts more than 200 global technology and manufacturing companies and approximately 8,000 industry professionals. This year, IBM, SAP, and Deloitte hosted exhibition booths, while NVIDIA and Schneider Electric participated as conference speakers.

Introducing Factova: AI-powered Smart Factory Solution for Production Optimization and Intelligent Manufacturing for SMEs

LG CNS used the event to present the core offerings of its integrated smart factory brand, Factova, to a global audience. Factova leverages AI, big data, and IoT technologies across the entire manufacturing process to optimize production operations and drive intelligent factory transformation. The solution draws on over two decades of technological expertise and operational know-how gained from manufacturing projects in Korea and around the world.

LG CNS is expanding the availability of the Factova platform, proven at large-scale manufacturing sites, to small and mid-sized manufacturers. Factova MES, the flagship solution, is a manufacturing execution system that centrally manages end-to-end production workflows. It uses AI to collect and analyze shop-floor data in real time to reduce inefficiencies in the production process and optimize overall factory operations. Its functions are offered in modular form based on different process types in each industry, enabling customers to start with the core capabilities they need and add extended features as their smart factory matures.

LG CNS also showcased Factova Control, a solution designed to integrate and manage data at the production equipment level. Factova Control gathers and standardizes real-time data from equipment supplied by different vendors and enables centralized control across the line. It also integrates seamlessly with higher-level operational systems such as MES, and enhances production stability through AI-driven anomaly detection and predictive failure diagnostics. For instance, it analyzes real-time data such as motor current, temperature, and vibration to identify early warning signs of abnormalities, supporting the transition from manual inspections by field engineers to AI-driven predictive maintenance. Factova Control is currently deployed across more than 100,000 machines at manufacturing sites worldwide.

AI Solutions for Ultra‑precise Process Control in Semiconductors and Aerospace, Plus AI‑powered Safety and Environment Services

LG CNS also introduced solutions for industries that require ultra-precise process control, including semiconductors, displays, aerospace, and medical devices. By leveraging equipment anomaly detection (FDC), statistical process control (SPC), and out-of-control action plan (OCAP) solutions, these offerings help predict process defects in advance and maximize production yield through data-driven process optimization.

The company also demonstrated its Gen AI Safety Management service at the event. The service enables shop-floor workers to use a mobile app to take photos of incidents and upload voice memos. Generative AI then automatically analyzes the images to log incident details in the system. The service also provides initial response guidelines based on similar historical cases. It attracted significant interest from trade show participants due to the growing importance of environmental, health, and safety (EHS) management at manufacturing sites.

Korean manufacturers that have adopted Factova are already reporting measurable improvements. At one battery plant, the share of conforming products exceeded 90 percent within just one month of deployment, enabling the plant to quickly stabilize production and cut return costs for defective products by approximately 70 percent. At another electronics manufacturing facility, shop-floor productivity increased by roughly 20 percent, with more than 90 percent of process data now being collected automatically.

“We are accelerating our expansion into the North American market by leveraging our deep smart factory build-and-operation experience gained from large-scale manufacturing sites and our advanced AX technology capabilities,” said Jun-ho Lee, CEO of LG CNS America. “We will continue to leverage our diverse smart factory solutions to help small and mid-sized manufacturers achieve their vision for AI-based intelligent factories.”

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SOURCE LG CNS

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GLOBAL CONSUMER RWA SUMMIT 2026 Successfully Held at Hong Kong Science Park

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Industry Partners Join Forces to Build the Consumer RWA Ecosystem and Explore New Pathways for AI, Web3 and Real-World Consumption

HONG KONG, June 17, 2026 /PRNewswire/ — The GLOBAL CONSUMER RWA SUMMIT 2026 was successfully held at the Charles K. Kao Auditorium, Hong Kong Science Park. The summit was jointly hosted by RWA.LTD, EOS, PG Protocol, GRIF and RWX, with media support from Feixiaohao.ai, ME, ChainCatcher, Odaily, Foresight News, PANews, MarsBit, CoinDesk, Bitcoin Magazine and other leading domestic and international media platforms. The event brought together distinguished guests from public affairs, finance, real-world industries, technology and Web3 to explore new opportunities in Consumer RWA, digital assets, AI and Web3 integration.

Under the theme “Connecting Global Consumption and Renewing the Value Ecosystem”, the summit focused on “RWA Powers the Next Wave of Real-World Consumption”, exploring the digital transformation of global consumer industries, innovative applications of real-world assets, brand value circulation, AI-driven industrial upgrading and Web3 infrastructure development. More than a single project showcase, the summit served as an industry-level platform for the global Consumer RWA ecosystem, connecting industrial resources, technology platforms, consumer brands, investment institutions, media organizations and Web3 partners to support the transition of Consumer RWA from concept discussion to real-world implementation.

During the opening session, distinguished guests delivered remarks and shared their views on the global digital economy, Hong Kong’s international advantages, consumer industry transformation and the development of the RWA ecosystem. Participants noted that RWA is becoming an important bridge between the real economy and the digital economy, while Consumer RWA, with its strong connection to real consumption scenarios, brand rights and user demand, has broad potential for practical industry adoption.

One of the key highlights of the summit was the official launch of Health Token. Built around the healthcare and consumer ecosystem, Health Token explores new ways to connect quality healthcare resources, consumer rights and digital services, offering a new direction for the digital transformation and value circulation of the healthcare industry. The launch also marked another important step in the application of Consumer RWA within health-related consumption scenarios.

The summit also featured the establishment and certificate presentation ceremony of the GLOBAL CONSUMER RWA SUMMIT 2026 Presidium. Representatives from public affairs, financial investment, Web3 technology, real-world industries, international business and consumer brands joined the ceremony on stage, marking a new stage of structured, organized and international collaboration for the global Consumer RWA ecosystem. The Presidium will focus on compliance research, industry standards, real-world implementation, international cooperation, brand globalization and project incubation, helping the Consumer RWA industry build a more open, practical and sustainable collaboration mechanism.

The summit also presented the Consumer RWA Alliance and its industry collaboration mechanism. Jointly promoted by RWA.LTD, multiple industry organizations, technology platforms and international ecosystem partners, the mechanism aims to connect global consumer brands, real-world enterprises, technology platforms, investment institutions, cross-border industrial resources and media partners. It is designed to help projects with real consumption scenarios complete digital transformation, rights design, brand growth and global market connection. The collaboration will further promote Consumer RWA from individual projects to broader industry coordination, providing real-world enterprises with new pathways for asset circulation, user engagement and brand value release.

During the summit, the concept of a Consumer RWA Sandbox was also introduced. Based on the principles of “compliance first, scenario-based validation, redeemable rights and controllable risks,” the sandbox aims to provide a pilot environment for healthcare consumption, brand membership rights, IP assets, physical goods, cross-border consumer services, supply chain assets and other real consumption scenarios. Through the sandbox mechanism, project owners can test product structures, redemption processes, compliance frameworks, user experience, technical integration and business models before broader market deployment, reducing innovation risks and improving implementation efficiency.

RWA.LTD stated that the development of Consumer RWA should not remain at the level of conceptual packaging. Instead, it should be built on real consumer demand, verifiable assets, redeemable rights and compliant operations. Going forward, RWA.LTD will work with Presidium members, co-hosts, industry partners, technology service providers and global ecosystem resources to bring more projects with real business scenarios and sustainable value into the sandbox, gradually building a replicable, scalable and international development path for Consumer RWA.

In addition, the summit featured a book launch ceremony for “RWA: Reconstructing Financial Business Models”, co-authored by Dou Jun, Secretary General of the Hong Kong RWA Global Industry Alliance. The book explores the industrial logic, business models and practical pathways of RWA, providing industry participants with further theoretical and case-based references.

Tony Fu, Founder and CEO of RWA.LTD, delivered a keynote speech titled “Compliance Process for Consumer RWA”. In his presentation, he explained the core logic of Consumer RWA from the perspectives of product design, compliance framework, rights circulation, real-world implementation and ecosystem collaboration. He noted that Consumer RWA is not simply about putting assets on-chain. Rather, it should be built on real consumer demand and redeemable rights, forming a sustainable, verifiable and implementable value loop. Only by combining compliance with real industry scenarios can Consumer RWA truly serve the real economy and create long-term value for brands, users and ecosystem partners.

The summit also featured multiple keynote sessions, panel discussions and project roadshows covering topics such as verifiable on-chain economies in the AI era, the full lifecycle of RWA implementation, Web3 communities and DApps empowering RWA ecosystems, AI + RWA digital financial services, global payments, IP and AI entertainment ecosystems, new energy, cultural asset trading and Web3 commerce networks.

During the project showcase and roadshow sessions, the summit presented a wide range of representative projects related to Consumer RWA, AI, Web3, payments, IP, green energy and the digital transformation of real-world industries, including GRIF, GWA Web4.0, Ave.ai, DeBox, EOS, Zypher DAO, FizzDragon, Gat Pay, Fufuture, exSat, Thailand New Energy Vehicle Project, HGDAO & YH, Octopus Paul, Tianfu Tianmeishi, Hubei Senpin Youxuan, Tianyuan Group, Phenix, VITAL-X and KTX. These projects demonstrated the application potential of Consumer RWA across on-chain trading, Web3 communities, AI film, global payments, real-world consumption, IP assets, cultural assets, new energy and Web3 commerce ecosystems.

During the panel sessions, guests discussed topics including “Development and Implementation of the Consumer RWA Sector” and “Consumption as Capital: Connecting Industry Liquidity Through Blockchain.” The discussions explored how RWA can help real-world enterprises improve asset efficiency, expand growth channels and build new models of industry collaboration from the perspectives of enterprise pain points, brand globalization, inventory circulation, cross-border resource allocation, on-chain tools and ecosystem development.

During the summit, several partnership signing ceremonies were held, covering cooperation between RWA infrastructure partners and the Singapore RWA Incubation Fund, strategic cooperation between EOS and a Singapore RWA company, collaboration among Korean enterprises, GRIF and RWA infrastructure partners, as well as a three-party partnership among the Singapore RWA Incubation Fund, VITAL-X and RWA.LTD. These partnerships are expected to further promote resource integration across different regions, industries and technology ecosystems, supporting the real-world implementation of Consumer RWA in Asia and global markets.

The successful hosting of GLOBAL CONSUMER RWA SUMMIT 2026 provided a high-quality platform for the global Consumer RWA industry and further brought together forces from Web3, AI, real-world industries, fintech, media and international organizations. With the continued development of the Presidium mechanism, the sandbox mechanism, the Consumer RWA Alliance collaboration mechanism and multiple industry partnerships, Consumer RWA is expected to become an important new infrastructure connecting real-world consumption, brand value and the digital economy.

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SOURCE RWA.LTD

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Visa and Mintoak Join Forces to Bring Merchant SaaS Capabilities to Acquirers Across Asia Pacific

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Enabling acquirers to build on payments with cloud-native, API-led platforms that scale value-added services and strengthen merchant relationships

SINGAPORE, June 17, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, today announced a partnership with Mintoak, a merchant Software-as-a-Service (SaaS) fintech platform, to enable acquirers across Asia Pacific to strengthen their merchant propositions beyond core payment acceptance.

The partnership enables banks and financial institutions to move beyond transaction-led acquiring towards platform-led models, allowing acquirers to deliver a digital-first merchant experience that integrates omnichannel payment acceptance across card-present and card-not-present environments with value-added services such as reporting, merchant engagement tools, and integrated banking solutions.

By bringing together Mintoak’s cloud-native, API-led platform and Visa’s payments network, data and advisory capabilities, the collaboration is designed to accelerate speed to market and improve merchant activation. It also unlocks new revenue streams through scalable value-added services, including data-driven insights that help clients make informed decisions.

“Acquirers play a critical role in the payments ecosystem, but the expectations of merchants are evolving rapidly,” said Prateek Sanghi, Head of Visa Consulting & Analytics Asia Pacific, Visa. “By partnering with Mintoak, we are empowering acquirers with modular, software-led capabilities that support deeper merchant engagement, more efficient servicing and sustainable, long-term growth.”

Mintoak’s platform delivers a unified merchant interface across payment acceptance, business insights and service management. Built for rapid deployment and modular integration, it enables acquirers to modernise their technology stack while retaining ownership of the merchant relationship.

“This partnership brings together Visa’s global payments leadership and Mintoak’s SaaS capabilities to help acquirers build stronger, more valuable merchant relationships,” said Raman Khanduja, Co-founder & CEO of Mintoak. “By building on the foundation of payments with platform-led engagement, we are enabling acquirers to strengthen competitiveness, enhance merchant lifetime value and unlock new avenues for growth in the SME segment.”

The collaboration supports Visa’s ambition to expand card and digital acceptance among underpenetrated small and medium-sized businesses across Asia Pacific. By unlocking faster, lower-cost onboarding and scalable, cost-effective acceptance, the solution is designed to increase acceptance density, drive transaction growth and accelerate ecosystem digitisation across the region.

It also reinforces Visa’s commitment to supporting acquirers as they navigate evolving market dynamics including margin pressure and rising service expectations through data-driven insights, platform-led capabilities and strategic partnerships.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Mintoak

Mintoak is a leading merchant SaaS platform that enables merchant acquirers to monetise and empower SMEs through payments and commerce enablement solutions. The platform helps acquirers move beyond payment acceptance to deliver platform-led engagement across the merchant lifecycle, including payments, cross-sell, servicing and engagement campaigns.

Built on a modular, cloud-native and API-first architecture, the platform integrates seamlessly with existing acquiring infrastructure, enabling faster go-to-market and scalable deployment. Today, it operates across 20+ countries, empowering over 4.9 million merchants globally.

Its clients include HDFC Bank, State Bank of India and Axis Bank in India, as well as Absa Bank, Burgan Bank, Ahli United Bank and NMB Bank across international markets.

 

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SOURCE Visa Worldwide Pte. Limited

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SOPHiA GENETICS Announces Pricing of $50 Million Public Offering of Ordinary Shares

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BOSTON and ROLLE, Switzerland, June 16, 2026 /PRNewswire/ — SOPHiA GENETICS (Nasdaq: SOPH), a global leader in Ai-driven precision medicine, announced today the pricing of its previously announced underwritten public offering of 10,526,000 ordinary shares at a public offering price of $4.75 per ordinary share. The gross proceeds from the offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company are expected to be approximately $50 million. All of the ordinary shares to be sold in the proposed offering will be sold by the Company. In addition, the Company has granted the underwriters a 30-day option to purchase up to 1,578,900 additional ordinary shares at the public offering price, less the underwriting discounts and commissions. The offering is expected to close on June 18, 2026, subject to customary closing conditions.

TD Cowen is acting as the lead book-running manager for the offering. Guggenheim Securities is acting as book-running manager, and BTIG and Craig-Hallum are acting as lead managers for the offering.

A registration statement on Form F-3 (File No. 333-289266) relating to the ordinary shares and other securities of the Company has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective on August 15, 2025. The offering may be made only by means of a prospectus supplement and accompanying prospectus. A preliminary prospectus supplement and accompanying prospectus relating to this offering has been filed with the SEC and a final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus will be available on the SEC’s website located at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to this offering, when available, may be obtained for free by contacting TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at TDManualrequest@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of SOPHiA GENETICS SA, such as the ordinary shares, in or into Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and these securities will not be listed or admitted to trading on the SIX Swiss Exchange or on any other regulated trading venue (exchange or multilateral trading facility) in Switzerland. Neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, constitutes or will constitute a prospectus pursuant to the FinSA, and neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, may be publicly distributed or otherwise made publicly available in Switzerland.

About SOPHiA GENETICS

SOPHiA GENETICS (Nasdaq: SOPH) is a cloud-native healthcare technology company on a mission to expand access to data-driven medicine by using Ai to deliver world-class care to patients with cancer and rare disorders across the globe. It is the creator of SOPHiA DDM™, a platform that analyzes complex genomic and multimodal data and generates real-time, actionable insights for a broad global network of hospital, laboratory, and biopharma institutions.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding our expectations regarding the expected closing of this offering. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “would”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “future”, “continue”, or “appear” or the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including those described in our filings with the SEC. No assurance can be given that such future results will be achieved. Such forward-looking statements contained in this press release speak only as of the date hereof. We expressly disclaim any obligation or undertaking to update these forward-looking statements contained in this press release to reflect any change in our expectations or any change in events, conditions, or circumstances on which such statements are based, unless required to do so by applicable law. No representations or warranties (express or implied) are made about the accuracy of any such forward-looking statements.

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SOURCE SOPHiA GENETICS

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