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WiMi Explores the Application of Neural Networks in Parameter Optimization for Dual-Field Quantum Key Distribution

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BEIJING, June 29, 2026 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, announced that they are researching the use of neural networks for machine learning to optimize parameters in the dual-field quantum key distribution (TF-QKD) system. This innovative approach aims to leverage the powerful fitting ability and generalization performance of neural networks to directly predict the optimal parameter configuration for the TF-QKD system, significantly reducing computation time and resource consumption.

In the study, WiMi trained and evaluated three different types of neural network models:

Backpropagation Neural Network (BPNN): Based on the error backpropagation algorithm, BPNN minimizes prediction errors by continuously adjusting the network weights and biases. Due to its flexibility and wide applicability, BPNN has become the preferred model in many fields.

Radial Basis Function Neural Network (RBFNN): Using radial basis functions as activation functions for the hidden layer neurons, RBFNN efficiently handles nonlinear problems and is particularly suitable for high-dimensional data and scenarios requiring high precision.

Generalized Regression Neural Network (GRNN): Based on probability density estimation, GRNN uses kernel function methods to achieve nonlinear regression, excelling in handling small sample data and uncertainty issues.

Through training and testing these three neural network models, WiMi found that all models could accurately predict the optimal parameters of the TF-QKD system to some extent. Among them, RBFNN and GRNN performed especially well in high-dimensional parameter spaces, showing higher prediction accuracy. Compared to LSA, the neural network-based prediction method achieved a significant reduction in computation time, cutting it by multiple orders of magnitude. BPNN, due to its relatively simple structure, had the fastest computation speed; whereas RBFNN and GRNN, though slightly more complex in terms of computational cost, still remained within acceptable limits, and their enhanced prediction accuracy often brought more practical application value.

Considering the varying optimization needs of different TF-QKD systems (such as real-time requirements and precision demands), WiMi also conducted a comprehensive comparison of prediction accuracy and time consumption. The results indicate that for scenarios requiring rapid response with lower precision demands, BPNN is the ideal choice. On the other hand, for applications that prioritize high accuracy and can tolerate certain computation time, RBFNN or GRNN is more suitable.

The main technical advantage of using neural networks for TF-QKD system parameter optimization lies in significantly reducing the computational complexity of parameter optimization, accelerating the key generation rate, and enhancing the system’s real-time responsiveness. Neural networks can automatically learn and adapt to changes in the quantum communication environment, providing the possibility for dynamic adjustment of system parameters. As quantum communication technology develops, neural network models can be further upgraded and optimized to accommodate more complex quantum key distribution protocols and higher security requirements.

In the future, WiMi will continue to deepen its research into neural networks for TF-QKD parameter optimization, exploring more advanced neural network architectures and training strategies, such as deep learning, reinforcement learning, etc., with the aim of achieving more efficient and intelligent quantum key distribution systems. At the same time, it will strengthen integration with quantum communication hardware platforms to promote the practical application and commercialization of quantum communication technologies, contributing to the development of secure and efficient quantum communication networks.

About WiMi Hologram Cloud

WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

 

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SOURCE WiMi Hologram Cloud Inc.

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SpeedBuilder Systems Celebrates 25 Years of Building Technology and Lasting Relationships in the P&C Insurance Industry

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From its beginnings with a rating solution to an integrated insurance platform, SpeedBuilder Systems marks a quarter-century of helping insurers adapt, innovate, and grow.

COLUMBIA, S.C., Oct. 20, 2026 /PRNewswire/ — SpeedBuilder Systems, Inc. (SBS), an award-winning provider of software-as-a-service (SaaS) solutions for the property and casualty (P&C) insurance industry, is celebrating its 25th anniversary, marking a quarter-century of delivering flexible insurance technology and building long-term relationships with its clients.

Founded on October 10, 2001, by Rod Giess, president of SpeedBuilder Systems, the company began with a vision and a rating solution designed to help insurers bring products to market more efficiently.

“When I started SpeedBuilder Systems, my goal wasn’t to be the biggest. It was simply to be the best at delivering quality technology that would help our clients get to market as quickly as possible,” said Giess. “I believed then, as I do today, that innovative insurance companies deserve access to sophisticated technology, regardless of their size.”

As the business developed, Giess recognized the need for a policy administration system to complement the company’s rating solution. What began as two complementary capabilities has grown into the BindExpress Suite, an integrated insurance platform supporting policy administration, rating, underwriting, billing, claims, and other core insurance operations. Designed for small to medium-sized property and casualty insurers and managing general agents (MGAs), the platform provides the flexibility to accommodate unique business requirements while supporting growth and changing market demands.

Throughout its history, SBS has maintained a consistent philosophy: technology should support an insurer’s business objectives rather than dictate how the organization operates. That approach is reflected in the company’s commitment to configurable software, long-term technology planning, and close collaboration with its clients.

“I’m very proud of how far this company has come, but what means the most to me are the relationships we’ve built along the way,” Giess continued. “Our clients have trusted us with an important part of their businesses, and we’ve never taken that responsibility lightly. I’m grateful to our clients for their continued partnership and to our team, past and present, whose dedication and hard work have brought us to this milestone.”

As SpeedBuilder Systems looks ahead, the company remains committed to helping insurers adapt to an evolving industry while maintaining greater control over their technology and business operations. The company will continue investing in its technology, strengthening client relationships, and supporting insurers as they pursue new opportunities.

About SpeedBuilder Systems

Founded in 2001, SpeedBuilder Systems, Inc. provides enterprise-class insurance software solutions for small and medium-sized property and casualty insurers and MGAs. Its BindExpress Suite® is an integrated set of components including policy administration, rating, automated underwriting, agent and consumer portals, product configuration, billing, claims, automated workflow, and document generation. The company’s AlwaysCurrent Architecture™ enables customers to tailor the system to their unique requirements while adopting future product enhancements without costly retrofitting of customized code.

For more information, visit www.speedbuildersystems.com.

Media Contact
Amy Gillespie
SpeedBuilder Systems, Inc.
agillespie@speedbuildersystems.com

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SOURCE SpeedBuilder Systems, Inc.

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Ally Financial reports third quarter 2026 financial results

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CHARLOTTE, N.C., Oct. 20, 2026 /PRNewswire/ — Ally Financial (NYSE: ALLY) today reported its third quarter 2026 results. View full press release in PDF.

The news release, presentation and financial supplement can be accessed in the following ways:

Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/

Ally will host a conference call at 9 a.m. ET to review the company’s performance. The call will include a review of the results, followed by a question and answer session.

Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally’s Investor Relations website in the Events & Presentations section (https://www.ally.com/about/investor/events-presentations/index.html).

To join the conference via dial-in, please pre-register via the following link at least 15 minutes before the call begins: https://register-conf.media-server.com/register/BI8d7b2a06520a45f6ac94fe9a466d5343. Upon registration, you will be provided with the conference dial-in number as well as a unique registrant ID.

A replay of the call will be available via webcast on the Ally Investor Relations website.

About Ally Financial
Ally Financial Inc. (NYSE: ALLY) includes the nation’s largest all-digital bank and auto finance business, driven by a mission to “Do It Right” for its customers and communities. Ally is a U.S. financial holding company with $203 billion in assets and 9.7 million customers (as of September 30, 2026). Ally Bank, Member FDIC, offers online banking products, including high-yield savings and no hidden fee checking, and was the first major U.S. bank to eliminate overdraft fees. Ally also provides investing solutions through Ally Invest, including online brokerage, automated investing, IRAs and personal advice. As a leader in auto finance, Ally provides consumer and dealer financing, insurance, and vehicle remarketing services. Ally’s seasoned corporate finance business provides capital to equity sponsors and middle-market companies. Visit ally.com.

Contacts:

Dan Ignacio
Ally Investor Relations
704-444-5107
dan.ignacio@ally.com

Peter Gilchrist
Ally Communications (Media)
704-644-6299
peter.gilchrist@ally.com

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SOURCE Ally Financial

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ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2026 RESULTS RELEASE AND CONFERENCE CALL FOR NOVEMBER 24, 2026

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Conference Call Scheduled at 9am Eastern Time

AZOUR, Israel, Oct. 20, 2026 /PRNewswire/ — Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its third quarter 2026 results on Tuesday, November 24, 2026.

The Company will be hosting a video conference call later that day via Zoom, starting at 9am Eastern Time, 6am Pacific Time and 4pm Israel time. On the call, management will review and present the results and will be available to answer investor questions.

To participate in the Zoom call, please register at the following link:
https://us06web.zoom.us/webinar/register/WN_9R8KjpHlR4GccJZZdrYPEQ  

Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number. If you have an issue with registration, please contact the Ituran investor relations team, well in advance of the call.

For those unable to participate, the call will be available for replay through the same link, or from a link to the recording on Ituran’s website, beginning within a few hours following the end of the call.

About Ituran

Ituran is a leader in the mobility technology field, providing value-added location-based services, including a full suite of services for the connected car. Ituran offers Stolen Vehicle Recovery, fleet management, as well as mobile asset location, management and control services for vehicles, cargo and personal security for the retail and insurance industries and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel Aviv-based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran’s subscriber base has been growing significantly since the Company’s inception to over 2.7 million subscribers using its location-based services with a market-leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada and the United States.

For more information, please visit Ituran’s website, at: www.ituran.com

 

 

Company Contact

Udi Mizrahi

Deputy CEO and VP Finance, Ituran

udi_m@ituran.com

(Israel) +972 3 557 1348

International Investor Relations

Ehud Helft

EK Global Investor Relations

ituran@ekgir.com

(US) +1 212 378 8040  

 

 

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SOURCE Ituran Location and Control Ltd.

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