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Quadrasystems.net Among the First in India to Achieve ISO/IEC 42001:2023, the World’s First International Standard for AI Management Systems

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Certification, audited by TÜV SÜD, places the Coimbatore-headquartered firm’s AI practice in an elite group of organisations worldwide to meet the standard

COIMBATORE, India, June 29, 2026 /PRNewswire/ — Quadrasystems.net India Private Limited today announced that its AI practice has achieved ISO/IEC 42001:2023 certification, the world’s first international standard for Artificial Intelligence Management Systems, following a successful audit by TÜV SÜD. A small number of organisations worldwide hold this certification; Quadrasystems.net is among the first in India.

ISO/IEC 42001:2023 establishes auditable requirements for how organisations govern AI across its full lifecycle — risk management, accountability structures, data practices, deployment controls, and incident response. Certification requires an independent external audit; organisations cannot self-attest.

The certification arrives as enterprises face mounting pressure to demonstrate AI governance. Boards increasingly require assurance before AI systems touch revenue, customer data, or regulated operations. Procurement and vendor-risk teams in banking, pharmaceutical, and healthcare sectors have begun assessing AI governance as part of vendor due diligence. AI regulation across major markets, including the European Union’s AI Act, is converging on management-system requirements that ISO/IEC 42001 directly addresses.

For Quadra’s clients, the certification provides an independently verified answer to those demands. Organisations deploying AI systems built and governed by a certified practice inherit a documented, externally audited governance framework, reducing their own compliance and vendor-risk burden.

“Quadra’s proactive engagement in scoping, rapid prototyping, and iterative alignment significantly accelerated validation and progress across key use cases. Beyond just delivering the solution, the team also played a pivotal role in helping us define DevOps practices for Copilot and supported our internal teams in understanding and resolving copilot related queries.

Additionally, Quadra’s ISO/IEC 42001:2023 certification reflects the level of rigor, discipline, and best practices that were clearly evident throughout the engagement.”
– Visharg Shah, Senior Specialist – Data Science, Asian Paints Limited

The certification scope covers Quadra’s AI practice, which designs and deploys production-grade AI systems for clients across banking, manufacturing, healthcare, and pharmaceutical sectors.

Prashanth Subramanian, Co-Founder and Director, Quadrasystems.net India Private Limited, said, “For our clients deploying AI in regulated industries, ISO/IEC 42001:2023 certification is a due-diligence answer. When a board or a regulator asks how their AI vendor is governed, our clients now hold an independently audited response.”

Quadrasystems.net already holds ISO 9001 (quality management) and ISO 27001 (information security management) certifications. ISO/IEC 42001:2023 extends the organisation’s independently audited governance framework to its AI practice. All three certifications are issued by TÜV SÜD.

About Quadra
Quadra, a global award-winning cloud and AI solutions provider, architects the Intelligent Enterprise for India’s most ambitious businesses. We empower leaders to confidently navigate technological complexity, translating cloud and AI innovation into a decisive competitive edge. For 25 years, our partners’ trust has been built on a foundation of deep expertise, validated by 750+ professional certifications and premier tier partnerships with AWS, Microsoft, Google and other leading industry players. This has enabled over 3,000 enterprises to modernize their operations, secure their future, and lead with confidence.

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Share buybacks in Ericsson during the period June 22 – June 26, 2026

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STOCKHOLM, June 29, 2026 /PRNewswire/ — During the period June 22 – June 26, 2026, Telefonaktiebolaget LM Ericsson (publ) (“Ericsson”) (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows:

Date

Aggregated daily volume
(number of shares)

Weighted average share
price per day (SEK)

Total daily transaction
value (SEK)

22/06/2026

2,150,000

110.7508

238,114,220.00

23/06/2026

1,866,402

111.7693

208,606,445.06

24/06/2026

800,000

110.5409

88,432,720.00

25/06/2026

650,000

109.5024

71,176,560.00

26/06/2026

650,000

106.7247

69,371,055.00

Total

6,116,402

110.4736

675,701,000.06

The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson’s obligations under its share-related incentive programs, are cancelled.

The share buyback program is executed in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing MAR (the Safe Harbour Regulation).

All acquisitions have been carried out on Nasdaq Stockholm by Goldman Sachs Bank Europe SE on behalf of Ericsson. A full breakdown of the transactions is attached to this announcement.

Following the repurchases above, Ericsson’s holding of treasury stock amounts to 63,998,958 Class B shares. There are in total 3,371,351,735 shares in Ericsson, 261,755,983 shares of Class A and 3,109,595,752 shares of Class B.

NOTES TO EDITORS:

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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com (+46 10 719 69 92)
investor.relations@ericsson.com (+46 10 719 00 00)

Investors
Daniel Morris, Vice President, Head of Investor Relations
Phone: +44 7386 657217
E-mail: investor.relations@ericsson.com

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com

Alan Ganson, Director, Investor Relations
Phone: +46 70 267 27 30
E-mail: alan.ganson@ericsson.com

Media
Ralf Bagner, Head of Media Relations
Phone: +46761284789
E-mail: ralf.bagner@ericsson.com

ABOUT ERICSSON:

Ericsson’s high-performing, programmable networks provide connectivity for billions of people every day. For 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/share-buybacks-in-ericsson-during-the-period-june-22—june-26–2026,c4368217

The following files are available for download:

https://mb.cision.com/Main/15448/4368217/4170138.pdf

Share buybacks in Ericsson during the period June 22 – June 26 2026

https://mb.cision.com/Public/15448/4368217/a5290f75eea76694.xlsx

Daily Ericsson Share Buyback Report

 

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SOURCE Ericsson

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Minesto strengthens global expansion capabilities with the appointment of energy industry executive Philippe Kavafyan to its Board

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GOTHENBURG, Sweden, June 29, 2026 /PRNewswire/ — The Annual General Meeting of Minesto AB, held 23 June 2026, resolved to elect Philippe Kavafyan as a new member of the Board of Directors. With more than 30 years of experience in the international energy sector, including leadership roles in the wind industry and offshore projects, Philippe will contribute with strategic expertise, global networks and valuable insights to support Minesto’s continued growth and expansion. “We are very pleased to welcome Philippe Kavafyan to Minesto’s Board of Directors. He brings an extensive international network and solid experience from a complex and rapidly growing energy market,” says Minesto board member Göran Linder.

Philippe Kavafyan (born 1967) holds an engineering degree from École Polytechnique and a master’s degree from École Nationale Supérieure des Mines de Paris, France. He has more than 30 years of international experience in the energy sector, including over 20 years in the wind sector. Philippe has held senior positions at General Electric, Areva, and Aker, and served as Chief Executive Officer of MHI Vestas Offshore Wind. As Managing Director of Kami Wind Consult, he now holds strategic advisor positions, notably at Boston Energy Ltd in the UK, and supports private equity investments in the energy transition. Philippe has previously served as a board member of RenewableUK and as Chair of WindEurope.

“We are very pleased to welcome Philippe Kavafyan to Minesto’s Board of Directors. He brings an extensive international network and solid experience from a complex and rapidly growing energy market. Philippe has also been part of building businesses from small to large scale, which is directly relevant to Minesto’s current phase of development. His expertise will be an important addition to strengthen the Board to support our expansion,” says Göran Linder, CEO of Corespring New Technology AB, Corespring Invest AB and Corespring Finance AB and Minesto board member since 2007.

“I feel very fortunate to join the Board, at the time when its successful deployment at scale in the Faroe Islands is turning Minesto’s technology into the most efficient and mature marine renewable energy. Combining such predictable tidal generation of clean power with the drastic improvement in energy storage will provide a fantastic accelerator to transition coastal areas to the most sustainable and competitive local grid management system,” says Philippe Kavafyan.

“In addition, Philippe is a perfect fit for Minesto as the French tidal energy market is increasingly important. Beyond his professional merits, Philippe is a highly appreciated and constructive person to work with,” Göran Linder concludes.

Contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/minesto-ab/r/minesto-strengthens-global-expansion-capabilities-with-the-appointment-of-energy-industry-executive-,c4368393

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SOURCE Minesto AB

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HUAWEI AppGallery Nominated for ‘Leading App Store Experience’ at Mobile Games Awards 2026

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LONDON, June 29, 2026 /PRNewswire/ — AppGallery, Huawei’s global app marketplace and a key pillar of Huawei’s ecosystem, has been shortlisted for Leading App Store Experience at this year’s Pocket Gamer Mobile Games Awards 2026. With industry voting now open until July 20th, AppGallery is calling on the global games community to cast their votes ahead of the gala ceremony on August 25th in Cologne during Gamescom week.

The nomination recognizes AppGallery’s continued investment in delivering a best-in-class experience for both players and developers, offering a rich catalogue of global and locally-relevant titles across more than 170 countries and regions. Having been crowned Best App Store at the 2024 Mobile Games Awards, this latest shortlisting reaffirms the platform’s commitment to excellence and continuous innovation.

Voting is open to all members of the games industry until July 20, 2026. Cast your vote now at https://bit.ly/MGAMA. Winners will be revealed at the gala VIP ceremony in Cologne on August 25th.

Learn more about AppGallery at https://consumer.huawei.com/uk/mobileservices/appgallery/.

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