Connect with us

Technology

Vertiv Completes Acquisition of ThermoKey, Expanding Heat Rejection Portfolio for AI Data Centers

Published

on

Acquisition expected to strengthen thermal management capabilities and manufacturing capacity in Europe, Middle East and Africa to support high-density computing

COLUMBUS, Ohio, June 12, 2026 /PRNewswire/ — Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced the completed acquisition of ThermoKey S.p.A., a leading provider of heat rejection and heat-exchange technologies with long-standing relationships across original equipment manufacturers (OEMs) and system integrators.

The acquisition expands Vertiv’s thermal management portfolio and manufacturing capabilities, particularly in Europe, Middle East, and Africa (EMEA), and strengthens its ability to deliver system-level solutions across the full thermal chain for AI factories and high-density data centers. ThermoKey benefits from Vertiv’s global scale, supporting accelerated growth and expanded market access while enhancing Vertiv’s ability to provide thermal architectures that help customers plan for multiple compute generations ahead.

Vertiv currently uses ThermoKey’s technologies in select thermal solutions. ThermoKey’s technology set includes heat-exchange solutions, dry coolers, and compatibility with low-GWP and natural refrigerants that complement Vertiv’s portfolio, giving customers flexibility to optimize for performance, site conditions, and growth. Founded in 1991, ThermoKey brings more than 30 years of engineering expertise, in-house design and production capabilities to support its customers and markets.

“Customers are scaling AI infrastructure at an unprecedented pace, and thermal performance is now a critical enabler of capacity and efficiency,” said Giordano Albertazzi, CEO at Vertiv. “With ThermoKey, we are strengthening our capabilities to deliver differentiated, integrated, high-performance heat rejection solutions that help customers deploy faster, operate more efficiently, and scale with confidence.”

The ThermoKey Rivarotta, Italy, operations will continue to be a key hub for manufacturing, engineering, and support. Giuseppe Visentini, CEO of ThermoKey, will continue to lead the business, providing continuity for employees, partners, and customers. “Joining Vertiv means bringing our heat-exchange expertise into a complete, integrated thermal chain that serves high-density data centers,” said Visentini. “We share Vertiv’s engineering rigor and customer focus. ThermoKey joins Vertiv on a path of sustained growth, and from Italy we will continue to build on that momentum and contribute to the strength of the group across EMEA and around the world.”

For more information on Vertiv’s leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.

About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Category: Financial News

Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: expected expenses related to the transaction; the possible diversion of management time on issues related to integration; the ability of Vertiv to maintain relationships with customers and suppliers of ThermoKey; and the ability of Vertiv to retain management and key employees of ThermoKey. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E lynne.maxeiner@vertiv.com

For media inquiries, please contact:
Ruder Finn for Vertiv
E Vertiv@RuderFinn.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-completes-acquisition-of-thermokey-expanding-heat-rejection-portfolio-for-ai-data-centers-302798971.html

SOURCE Vertiv Holdings Co

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Pixelworks and CINITY Partner to Expand TrueCut Motion Ecosystem

Published

on

By

Collaboration to Bring Increased Motion-Enhanced Content to Ultra-Premium Large Format Cinematic Experiences Globally

LOS ANGELES, June 12, 2026 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW) (“Pixelworks” or the “Company”), a provider of innovative cinematic and enhanced visualization solutions, today announced a partnership with China Film CINITY Co., Ltd. (“CINITY”) to bring advanced TrueCut Motion grading technology to CINITY’s premium large format theaters. Together with its endorsement of TrueCut Motion technology, CINITY is prioritizing the screening of TrueCut Motion-enhanced versions of tent pole movies across its premium large format auditoriums in order to give audiences the most visually refined experience available, exactly as filmmakers intended.

This partnership brings together an ideal combination of advanced TrueCut Motion graded content and CINITY’s long-standing focus on innovative and ultra-premium technology in its large format theaters — including high-brightness laser projection and advanced self-emissive LED cinema screens — creating a powerful platform for presenting blockbuster films with exceptional motion clarity and visual depth, without distracting motion artifacts.

“We are always committed to advancing the extraordinary experience across our premium large format cinemas through innovative technologies,” stated Demond Bian, General Manager at China Film CINITY Co., Ltd. “We are pleased to partner with Pixelworks to bring TrueCut Motion to our growing portfolio of theaters in China and beyond, enabling superior motion clarity and immersion that deliver the ultimate premium viewing experience for our guests.”

“We are thrilled to build upon our previous collaboration with CINITY and welcome their contribution to growing the ecosystem for TrueCut Motion enhanced content,” commented Sevan Brown, Pixelworks EVP Business Development. “CINITY’s endorsement further highlights their focus on high-end film formats and supports the broadening of their global footprint with superior motion-enhanced cinematic experiences. Together, we look forward to delivering the most visually stunning content on an increasing number of premium large format screens to audiences across the globe.”

Newly released titles in TrueCut Motion format are expected to begin arriving at CINITY premium large format theaters as soon as the second half of 2026.

TrueCut Motion is an award-winning technology breakthrough that provides filmmakers with an extended palette of motion looks. The platform allows filmmakers to fine-tune or enhance the motion look of all action, shot by shot, in post-production, while keeping the intended cinematic feel intact.

The TrueCut Motion platform also ensures the creative choices of filmmakers are delivered consistently across every screen and optimized for any viewing environment—spanning theaters, televisions, and mobile devices—in both 3D and standard 2D.

About China Film CINITY Co., Ltd.
China Film CINITY Co., Ltd. (“CINITY”) is committed to advancing innovation in film technology and promoting the deep integration and continuous innovation of film and technology. Leveraging the advantages of China’s film industry chain and platform resources, it continuously pushes forward the technological progress and product R&D of high-format films, improves the related industry chain, and drives quality upgrades across the industry through technology. Launched in 2019, CINITY pioneered an advanced integrated system combining 4K resolution, 3D capabilities with high brightness, high frame rate (HFR), high dynamic range (HDR), wide color gamut (WCG), and immersive sound. CINITY delivers exceptionally clear, bright, and immersive cinematic experiences. With a strong installed base across China and a rapidly broadening global footprint—including multiple installations in Europe—CINITY is dedicated to advancing high-end film formats, fostering technological innovation, and providing world-class screening solutions that make movies better for audiences worldwide. For more information, visit www.cinity.com.

About Pixelworks
Pixelworks (NASDAQ: PXLW) is a technology licensing company specializing in cinematic visualization solutions, including industry-leading content creation, delivery and display processing solutions that enable highly authentic viewing experiences with superior visual quality. Pixelworks has more than 20 years of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services.

About TrueCut Motion
TrueCut Motion is a powerful video platform from Pixelworks that provides filmmakers with a new palette for motion. It enables shot-by-shot motion grading, allowing creators to manage judder, motion blur, and frame rates to achieve a consistent, cinematic look across all screens. For more information on TrueCut Motion, visit: www.truecutmotion.com

Pixelworks and TrueCut Motion are trademarks of Pixelworks, Inc.

View original content to download multimedia:https://www.prnewswire.com/news-releases/pixelworks-and-cinity-partner-to-expand-truecut-motion-ecosystem-302798692.html

SOURCE Pixelworks, Inc.

Continue Reading

Technology

Xthings and ULTRALOQ to Showcase Dealer-Ready Smart Access Solutions at ALOA 2026

Published

on

By

Xthings smart access brand will meet locksmiths, security dealers, installers and access control partners at Booth 208 in Las Vegas

FREMONT, Calif., June 12, 2026 /PRNewswire/ — ULTRALOQ, a smart access brand under Xthings, will exhibit at the 2026 ALOA Convention & Security Expo in Las Vegas, where it will showcase dealer-ready smart access solutions for locksmiths, security dealers, installers, distributors and access control partners.

As residential, rental, small business and connected security customers look for easier ways to manage entry, smart access is creating new opportunities for security professionals. For locksmiths and dealers, smart locks are no longer only a product sale or replacement project. They can become a higher-value service conversation that includes product recommendation, installation, user setup, access-code guidance, app walkthroughs, ongoing support and future system expansion.

At ALOA 2026, ULTRALOQ and Xthings will highlight how smart access solutions can help professionals serve a wider range of customers, from homeowners and short-term rental operators to small businesses, multifamily units and connected security projects.

“Smart access is becoming a practical growth opportunity for locksmiths, installers, and security dealers,” said Adam Xu, GM at Xthings. “At ALOA 2026, we look forward to showing professionals how ULTRALOQ solutions can support real-world recommendations, installation, setup, customer education, and long-term service.”

Dealer-ready smart access for real-world service scenarios

ULTRALOQ is built to help professionals bring smart access into more homes, businesses, rentals and connected security environments. Dealer-ready smart access means solutions that are practical in the field: easy to recommend, straightforward to install, simple to explain and reliable for everyday use.

The ULTRALOQ portfolio supports multiple customer scenarios:

Home access: ULTRALOQ Bolt, ULTRALOQ Latch 5 Series and Xthings Home help deliver convenient daily access with modern control options.

SMB and rental access: ULTRALOQ Air supports flexible access management for properties with changing users, guests, staff, cleaners, contractors and service providers.

Connected security projects: Bolt Z-Wave Long Range smart locks are designed for Z-Wave-supported smart home and security ecosystems, including Samsung SmartThings, Alarm.com, and Home Assistant.

Partner and installer support: Product education, installation guidance, sales enablement, and partner-ready support for professionals bringing smart access to customers.

Depending on the model, ULTRALOQ smart locks can support access methods such as keypad entry, fingerprint access, smartphone control, NFC access and mechanical key backup. This helps professionals match the right access experience to each customer’s needs and project environment.

Turning smart locks into service opportunities

For security professionals, the strongest smart access opportunities come when the work is packaged as a service, not only a device sale. A residential installation can include onboarding, user setup, access-code guidance, app walkthroughs and future support. A rental or SMB project can include user-role planning, guest or staff access management, maintenance checks and expansion planning.

By combining smart lock hardware, connected access features and professional support workflows, ULTRALOQ aims to help locksmiths, dealers and installers make smart access easier to sell, easier to install, easier to support and easier to scale.

Meet ULTRALOQ and Xthings at ALOA 2026

ULTRALOQ and Xthings will be available at Booth 208 during the 2026 ALOA Convention & Security Expo at South Point Hotel & Casino in Las Vegas.

Event Details
Event: ALOA 2026 Convention & Security Expo
Location: South Point Hotel & Casino, Las Vegas, Nevada
Convention Dates: June 21-27, 2026
Security Expo Dates: June 26-27, 2026
Expo Hours: 10 a.m.-4 p.m. each day
Booth: 208(Xthings)

Security professionals attending ALOA 2026 can visit Booth 208 to explore ULTRALOQ dealer-ready smart access solutions and discuss partner opportunities.

To learn more about ULTRALOQ smart locks, visit www.ultraloq.com.

About Xthings

Xthings is a global AIoT and smart security company behind leading brands, including ULTRALOQ smart locks, Ulticam AI security cameras, Anviz access control and biometrics, and other connected solutions for homes, businesses, and enterprises. Combining hardware, software, and cloud intelligence, Xthings delivers secure, intelligent, and seamless experiences across residential, commercial, and industrial environments.

About ULTRALOQ

ULTRALOQ, a best-selling smart lock line under Xthings, is dedicated to developing innovative and secure smart access solutions. With a focus on blending cutting-edge technology with convenience, ULTRALOQ products are designed to provide a secure and keyless entry experience for both homes and businesses, making smart security more accessible than ever.

View original content to download multimedia:https://www.prnewswire.com/news-releases/xthings-and-ultraloq-to-showcase-dealer-ready-smart-access-solutions-at-aloa-2026-302798880.html

SOURCE Xthings Inc.

Continue Reading

Technology

Trading Technologies Wins Best Sell-Side OMS at TradingTech Insight Awards USA 2026

Published

on

By

CHICAGO and NEW YORK, June 12, 2026 /PRNewswire/ — Trading Technologies International, Inc. (TT), a global capital markets technology platform services provider, last night won the award for Best Sell-Side Order Management System (OMS) in the TradingTech Insight Awards USA 2026. This is the firm’s second annual win for the USA awards in the category, recognizing “the leading vendor delivering a robust [OMS] specifically for the sell-side,” following recognitions in March in the same category and as Best Transaction Cost Analysis (TCA) Tool in the TradingTech Insight Awards Europe 2026.

TT CEO Justin Llewellyn-Jones said: “We’re delighted that A-Team’s editors and the marketplace as a whole have recognized the powerful capabilities available to institutions through our fully integrated OMS. We are committed to continually enhancing our technology as we meet clients’ cross-asset and evolving needs across the trade life cycle.”

TT’s OMS and execution management system (EMS) tools provide transparency and accountability by consolidating order management and execution onto one platform. Open architecture allows users to integrate their systems with TT to access their own market connections, private liquidity or execution algorithms, and import data from external sources enterprise-wide. Execution desks can accept flow from any EMS, OMS or algorithmic trading provider via FIX, enabling clients to streamline trading operations by consolidating flow through multiple systems onto TT. Through TT OMS, firms can accept, manage and execute orders and conduct post-trade confirmations and allocations, as well as generate client and compliance reports on a customized schedule.

TT has been rolling out new functionality for clients, including Order Merging for Bulk Execution and Strategy Creation, enabling users to identify opportunities across their entire order book and allowing them to stitch and bulk multiple care orders into a single, efficient execution. Also now available via the OMS is a Work with Same Order Type feature for executing blocks of similar care orders using the same execution algorithm, with flexibility to utilize original order parameters or override them during execution.

The TT platform, which handled more than 3 billion derivatives transactions alone in 2025, is the most widely used platform globally for futures and options on futures, in addition to its growing use across multiple asset classes. The firm has now won eight A-Team Group honors since 2022.

The TradingTech Insight Awards USA celebrate excellence in trading solutions and services, highlighting vendors who provide outstanding trading infrastructure, technology and data solutions to capital markets participants across North America. TradingTech Insight is published by A-Team Group, whose editors worked in collaboration with an Advisory Board to select the shortlist in each award category, and members of the capital markets community voted to determine the winners.

About Trading Technologies

Trading Technologies (www.tradingtechnologies.com) is a global capital markets platform services company providing market-leading technology for the end-to-end trading operations of Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. With its roots in listed derivatives, the Software-as-a-Service (SaaS) company delivers “multi-X” solutions, with “X” representing asset classes, functions, workflows and geographies. This multi-X approach features trade execution services across futures and options, fixed income, foreign exchange (FX) and cryptocurrencies augmented by solutions for data and analytics, including transaction cost analysis (TCA); quantitative trading; compliance and trade surveillance; clearing and post-trade allocation; and infrastructure services. The award-winning TT platform ecosystem also helps exchanges deliver innovative solutions to their market participants, and technology companies to distribute their complementary offerings to Trading Technologies’ clients.

View original content to download multimedia:https://www.prnewswire.com/news-releases/trading-technologies-wins-best-sell-side-oms-at-tradingtech-insight-awards-usa-2026-302798675.html

SOURCE Trading Technologies

Continue Reading

Trending