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PATEO Teams Up with Xunce Technology and Saimo Technology to Define a New Paradigm for In-Vehicle AI Value Exchange

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5 months ago

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SHANGHAI, June 8, 2026 /PRNewswire/ — On June 8, PATEO (02889.HK) disclosed a voluntary announcement, announcing that it has signed a tripartite strategic cooperation framework agreement with Xunce Technology and Saimo Technology. The three parties will integrate their core capabilities in in-vehicle terminals, simulation testing, data settlement, and AI large models to jointly develop a physical AI world model based on tokens. Furthermore, they will expand the token-based world model alliance to build a closed-loop industrial system encompassing “edge-side hardware + simulation testing + data infrastructure + token settlement + commercial operations.”

Confronting In-Vehicle AI Commercial Closed-Loop Challenges through Tripartite Collaboration

Currently, the integration of AI large models into vehicles has become a defining trend in the intelligent vehicle industry; however, how AI services in in-vehicle scenarios can achieve a sustainable commercial closed-loop remains in an exploratory stage for the industry as a whole. This cooperation is precisely aimed at solving this proposition.

This time, the three parties will carry out full-chain cooperation around the in-vehicle token economy: from co-building edge-side token infrastructure, extending token pricing models to in-vehicle scenarios, to building a unified token settlement and clearing center, promoting deep integration with operating systems, and jointly developing TokenOS and a physical AI world model. The jointly developed technical modules are uniformly named “PATEO-Xunce-Saimo TokenOS Enhancement Modules,” with relevant brands, intellectual property rights, and commercial rights and interests jointly owned, operated, and shared by the three parties.

From a technical perspective, the capabilities of the three cooperating parties are highly complementary. As an AI solution provider featuring “software, hardware, chip, and cloud integration,” PATEO will contribute in-vehicle terminals, cockpit systems, and edge-cloud synergy capabilities; as a real-time data infrastructure service provider, Xunce Technology, leveraging its full-chain AI data infrastructure capabilities and relying on the TokenOS operating system, will provide core services that integrate token value measurement, dynamic settlement, and standardized billing; Saimo Technology possesses a vast amount of high-value scenario data, a full-stack simulation testing toolchain, and national-level testing site resources, and will provide a simulation validation environment for model training and the implementation of algorithm verification.

In addition, the three parties have also jointly built the first full-stack value closed-loop alliance within the NVIDIA ecosystem: PATEO is responsible for in-vehicle computing power support and world model deployment based on the NVIDIA computing platform; Xunce Technology enables GPU computing power and AI service token measurement as well as full-chain value circulation; Saimo Technology provides simulation compliance validation. This layout completely connects the chain from the computing foundation and simulation validation to token settlement and commercial monetization.

Building TokenOS Enhancement Modules to Reshape Underlying Value Exchange Infrastructure

This agreement specifies nine cooperation directions, which revolve around the full-chain value exchange and commercial closed-loop of the in-vehicle token economy, and ultimately converge on the “PATEO-Xunce-Saimo TokenOS Enhancement Modules”—an edge-side token economy infrastructure oriented to in-vehicle scenarios.

The core breakthrough of this system lies in breaking the traditional hardware-based one-time buyout profit model, replacing it with a brand-new business paradigm characterized by token-based, pay-per-actual-usage billing and multi-party revenue distribution, thereby building a token value circulation system, activating the asset value of in-vehicle data, technology, scenarios, and the like, pioneering brand-new profit channels, and optimizing the overall income structure.

This transformation is not happening in isolation. According to the policy signal from the National Data Administration in March 2026, which officially designated tokens as “ciyuan” (word elements), the token economy has escalated from a technical concept into the national strategic vision. As the token economy continues to be implemented, a trillion-level emerging service market is taking shape at an accelerated pace. The three parties joining forces at this moment to lay out the in-vehicle token economy perfectly coincides with the industry’s turning point from technical verification to large-scale commercial use.

PATEO has previously launched a forward-looking layout around the “token economy model.” The company formerly entered into a deep partnership with NVIDIA to deploy the AI Box based on the NVIDIA DRIVE AGX Thor accelerated computing platform, exploring innovative business modes such as computing power charging and in-vehicle token billing. This deep cooperation with Xunce Technology and Saimo Technology is precisely the continuation and upgrade of the aforementioned strategy, which will further open up the full-chain closed-loop.

This cooperation is a key layout for the company to implement its “software, hardware, chip, and cloud” integration strategy. The company is advancing with full force the joint research and development of the in-vehicle physical AI world model, while partnering with various parties to expand the token-based world model alliance to gather industrial power, thereby co-building a technological ecosystem. Relying on the full layout of optical interconnection, AI computing power, intelligent applications, and value settlement, the company’s comprehensive competitiveness will be further enhanced, laying a solid foundation for its medium- and long-term development.

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SOURCE PATEO

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AMETEK Declares Quarterly Dividend

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November 6, 2026

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BERWYN, Pa., Nov. 6, 2026 /PRNewswire/ — The Board of Directors of AMETEK, Inc. (NYSE: AME) declared a regular quarterly dividend of $0.34 per share for the fourth quarter ending December 31, 2026.

This fourth quarter dividend is payable December 18, 2026 to shareholders of record as of December 4, 2026.

Corporate Profile:
AMETEK (NYSE: AME) is a leading global provider of industrial technology solutions serving a diverse set of attractive niche markets with annualized sales of approximately $9.0 billion. The AMETEK Growth Model integrates the Four Growth Strategies – Operational Excellence, Technology Innovation, Global and Market Expansion, and Strategic Acquisitions – with a disciplined focus on cash generation and capital deployment. AMETEK’s objective is double-digit percentage growth in earnings per share over the business cycle and a superior return on total capital. Founded in 1930, AMETEK has been listed on the NYSE for over 95 years and is a component of the S&P 500. For more information, visit www.ametek.com.

Contact:
Kevin Coleman
Vice President, Investor Relations and Treasurer
kevin.coleman@ametek.com
Phone: 610.889.5247 

View original content:https://www.prnewswire.com/news-releases/ametek-declares-quarterly-dividend-302931168.html

SOURCE AMETEK, Inc.

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EchoPark Automotive Teams Up with Owen Wilson for Its Largest Campaign

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20 minutes ago

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November 6, 2026

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Campaign launches Nov. 8 during NFL broadcasts, bringing “Every Car, Happy Owner” to more shoppers

CHARLOTTE, N.C., Nov. 6, 2026 /PRNewswire/ — EchoPark Automotive is teaming up with Owen Wilson as its new spokesperson for the largest single-brand marketing investment in its history, launching Nov. 8 during Sunday NFL broadcasts in EchoPark markets.

The campaign follows Wilson through the familiar frustrations of buying and selling a car before he discovers EchoPark’s approach: quality vehicles, compelling value, and a happier experience. New store advertising features Wilson celebrating grand openings with a confetti cannon, bringing the brand’s “Every Car, Happy Owner” promise to new communities.

“The idea of getting a good car at a fair price hits me right here,” said Wilson, pointing to his heart. “I’ve definitely found the car-buying experience stressful in the past. EchoPark is about great cars, at great prices, sold by really great people. So, I’m excited and revved up to bring this campaign to life.”

Every EchoPark vehicle undergoes a 190-point inspection, more inspection points than leading national competitors. Vehicles are typically priced up to $3,000 below the competition, while offers to purchase guests’ cars can be up to $2,000 higher than competing offers.

Ninety-three percent of EchoPark’s customer reviews are five-star, the highest proportion of any national vehicle retailer. That record supports the brand’s promise of the Best Car Buying Experience in America. Each guest works with a dedicated Experience Guide throughout the purchase, with clear vehicle pricing and no haggling.

“We have built a brand that delivers outstanding cars, exceptional value, and an experience our guests overwhelmingly recommend,” said David B. Smith, Chairman and Chief Executive Officer of Sonic Automotive, EchoPark’s parent company. “Now we need more people to know what they’re missing.”

EchoPark’s research shows only about 15% of shoppers know the brand. After learning about its quality, value, and guest experience, shoppers show a 14X increase in consideration, putting EchoPark among the top retail brands they would choose for their next vehicle purchase. Research involving more than 2,000 in-market consumers also found positive responses to EchoPark’s message, offering, and Wilson as spokesperson.

“Owen gives more people a reason to discover EchoPark. Our job is to make sure they’re glad they did,” said Jeff Dyke, President of Sonic Automotive. “That means a great car, a fair price, and teammates who make buying easier. That’s how we deliver on ‘Every Car, Happy Owner.'”

The campaign spans television, streaming, online video, social media, digital display, streaming audio and outdoor advertising, including YouTube, Amazon streaming platforms, paid social and billboards in participating markets. It connects shoppers with EchoPark’s inventory and vehicle offers through its website, new mobile app and local stores.

Watch the inflatable salesmen and confetti cannon spots, plus the behind-the-scenes video here.

A new app and a new market

EchoPark’s new mobile app brings another way to shop. Its Car Spotter visual search feature lets users photograph a vehicle and find similar options among EchoPark’s inventory of over 5,000 vehicles. A service locator connects owners with nearby Sonic Automotive-owned dealerships for service. The app is available through Apple’s App Store and Google Play.

EchoPark will enter Orlando this December, its 15th market, bringing its quality, value, and guest experience to Central Florida. The brand currently serves Atlanta, Birmingham, Charlotte, Colorado Springs, Dallas, Denver, Houston, Las Vegas, Nashville, Phoenix, Raleigh, Sacramento, San Antonio and St. Louis, with two locations each in Denver, Houston and San Antonio.

Watch the campaign on EchoPark’s YouTube and social channels. To find your next car or get an offer for your current vehicle, visit EchoPark.com.

About EchoPark Automotive

EchoPark Automotive, a subsidiary of Sonic Automotive, Inc. (NYSE: SAH), offers high-quality pre-owned vehicles through a guest experience built around compelling value and personal service. Learn more at EchoPark.com.

About Sonic Automotive

For more than 60 years, Sonic Automotive has pursued a purpose of fulfilling dreams, enriching lives and delivering happiness for guests and teammates. Founded in 1966 by Bruton Smith, the Fortune 300 company is led by Chairman and CEO David B. Smith.

More than 11,000 teammates serve guests across 174 automotive and powersports franchises in 146 locations, 90 cities and 20 states, representing 24 automotive and 15 powersports brands. The company has helped more than 7 million guests purchase vehicles, delivered over 40 million service experiences and earned more than 1 million 5-star reviews.

Sonic Automotive was the only automotive and powersports retailer recognized by Newsweek as one of America’s Most Trustworthy Companies in 2026. Its mission is to innovate, lead with integrity and create exceptional experiences that inspire confidence, build lifelong relationships and positively impact every life it touches.

Sonic Automotive. Driven By People. Inspired By Purpose. Learn more at www.sonicautomotive.com and ir.sonicautomotive.com.

Press inquiries
Sonic Automotive Media Relations
media.relations@sonicautomotive.com

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SOURCE Sonic Automotive

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FIRST BANK EXPANDS CHARLOTTE PRESENCE WITH NEW SOUTHPARK BRANCH AND OFFICE

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20 minutes ago

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November 6, 2026

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Strategic investment strengthens First Bank’s presence and supports growth in the Charlotte market

CHARLOTTE, N.C., Nov. 6, 2026 /PRNewswire/ — First Bank, a subsidiary of First Bancorp (NASDAQ: FBNC), announced the opening of its new SouthPark branch and office, marking an important milestone for the bank and a significant investment in its continued growth in Charlotte.

“Charlotte has been an important part of First Bank’s growth, and our investment in SouthPark reflects our long-term commitment to this market,” said Adam Currie, CEO of First Bank. “We’ve assembled an exceptional team here and built strong relationships with the clients and communities we serve. This new location gives our team greater resources to serve our clients, pursue new opportunities and strengthen our position in the market.”

That momentum is backed by strong financial performance and national recognition. In 2026, First Bank was named to Forbes’ inaugural list of the World’s Top Performing Banks, which evaluates financial institutions using objective measures including profitability, growth and earnings quality, capital and funding resilience, and asset quality and efficiency. Earlier in the year, First Bank was ranked No. 14 among U.S. public banks with more than $10 billion in assets by S&P Global Market Intelligence, based on 2025 financial performance across measures of growth, profitability, safety and soundness.

“SouthPark represents an exciting next step for our team and the clients we serve,” said Andrew Griffin, SVP, Regional Executive for Charlotte. “We bring deep experience in this market and a commitment to understanding each client’s needs and delivering the right solutions. This new space allows us to elevate that experience while continuing to build lasting relationships across the region.”

The SouthPark location will offer a comprehensive range of financial services, including commercial and business banking, personal banking, lending and wealth management solutions. The expanded office space will also support First Bank associates serving clients across the Charlotte market. SouthPark reflects the continued evolution of First Bank, pairing a strong regional presence with the people, expertise and resources to serve a growing market well into the future.

About First Bank
First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina, with total assets of approximately $13.2 billion. As a state-chartered community-focused bank, First Bank operates 113 bank branches in North Carolina and South Carolina. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions and helpful local expertise to help customers achieve their dreams. First Bancorp’s common stock is traded on the NASDAQ Global Select Market under the symbol “FBNC.” Visit www.LocalFirstBank.com to learn more. Member FDIC, Equal Housing Lender.

View original content to download multimedia:https://www.prnewswire.com/news-releases/first-bank-expands-charlotte-presence-with-new-southpark-branch-and-office-302930958.html

SOURCE First Bank

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