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Smardt Names Sandeep Nair Chief Executive Officer; Albert Yam Transitions to Board

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DORVAL, QC, July 8, 2026 /PRNewswire/ — Smardt, a pioneer and global leader in oil-free centrifugal chiller technology, today announced the appointment of Sandeep Nair as Chief Executive Officer. Sandeep takes the helm as Smardt extends its oil-free heritage into a broader portfolio of thermal management solutions and deepens its position in fast-growing markets led by AI-driven data centers. He succeeds Albert Yam, who transitions to Executive Director on Smardt’s Board.

Sandeep is a seasoned global executive with more than two decades of president-level leadership at Emerson Electric across the HVAC, data center, telecom and industrial sectors. He has managed businesses ranging from $100 million to over $1 billion in revenue, with responsibility for operations across North America, Europe and Asia.

He previously served as President, Asia Pacific, Middle East & Africa at Copeland (formerly Emerson Commercial & Residential Solutions), where he delivered record profitability and cash flow, accelerated growth and successfully led portfolio transformation. Across his career, he has built a reputation for value creation by driving growth, operational excellence and business transformation, with deep expertise in lean methodologies, manufacturing consolidation, product platform development, and strategic portfolio actions including acquisitions and divestitures.

“On behalf of the Board, I am pleased to welcome Sandeep as Chief Executive Officer,” said Albert Yam, Executive Director of Smardt’s Board. “His track record of scaling global businesses and his depth in our core markets make him the right leader for Smardt’s next chapter, and I look forward to supporting him in this role.”

Smardt enters this transition from a position of strength, with an installed base of over 12,000 oil-free chillers operating worldwide and manufacturing across five countries. Building on its leadership in oil-free centrifugal technology, the company has expanded into heat pumps and air-side systems through its Smardt AIR division, broadening its role in the buildings and infrastructure its customers depend on.

Sandeep’s mandate centers on this next phase of growth: strengthening Smardt’s position in critical infrastructure for AI-driven data centers, where he brings direct experience having led the creation of a new business platform for turnkey data centers, while extending the company’s reach into adjacent markets including pharmaceuticals, semiconductors, new energy, green building projects, and infrastructure.

“I am honored to lead Smardt at such a pivotal stage in its journey,” said Sandeep Nair, Chief Executive Officer of Smardt. “Smardt’s leadership in oil-free technology and the strength of its global teams provide an exceptional foundation, and I look forward to working with our talented teams worldwide to accelerate growth, build on the strong legacy of innovation and deliver greater value across our business, for our customers, employees, and partners alike.”

As CEO, Sandeep will work closely with the Board to strengthen Smardt’s management infrastructure, advance its digital transformation, and reinforce corporate governance.

About Smardt
As a global leader in oil-free centrifugal chiller technology with an expanding portfolio of thermal management solutions, Smardt is dedicated to delivering high-efficiency and energy-saving systems for industries, real estate developments, health care and educational centers worldwide. We operate manufacturing facilities in the US, Canada, Germany, China, and Australia, with a team of over 1,000 employees. With a focus on reliability, performance, and environmental stewardship, Smardt continues to redefine industry standards through advanced engineering and a commitment to a more sustainable future.

Media Contact:
cam.whitelaw@smardt.com

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SOURCE Smardt Inc

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Sivers Semiconductors Updates Financial Reporting Calendar

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KISTA, Sweden, July 9, 2026 /PRNewswire/ — Sivers Semiconductors AB (STO: SIVE), Sivers Semiconductors AB (publ), today announced updates to its financial reporting calendar as the Company continues to strengthen its financial reporting processes and prepare for future regulatory and US PCAOB audit requirements associated with the dual-listing objective.

Updated Reporting Dates:

Q2 2026 Interim Report: August 27, 2026Q3 2026 Interim Report: November 26, 2026Q4 2026 Interim Report: February 25, 2027

This decision reflects management’s commitment to maintaining the highest standards of financial reporting accuracy, transparency, and compliance as the Company continues to mature its internal controls and reporting processes.

“As we continue to scale our business, pursue the dual-listing objective, and execute on our long-term strategy, it is important that our financial reporting processes evolve accordingly,” said Vickram Vathulya President & CEO.” Taking the additional time to complete our reporting process ensures compliance with the US PCAOB audit standards, as well as the quality, rigor, and transparency expected by shareholders and the broader investment community.”

For more information, please contact:

Heine Thorsgaard
CFO, Sivers Semiconductors
Tel: +46 (0)8 703 68 00
Email: ir@sivers-semiconductors.com

About Sivers Semiconductors

We are Critical Enablers of a Greener Data Economy with Energy Efficient Photonics & Wireless Solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI Data Centers, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. Visit us at: www.sivers-semiconductors.com (SIVE.ST).

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

https://news.cision.com/sivers-semiconductors/r/sivers-semiconductors-updates-financial-reporting-calendar,c4372754

 

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SOURCE Sivers Semiconductors

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PhilWeb secures exclusive partnership with Pragmatic Play, expanding tech-enabled gaming services in the PH

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MANILA, Philippines, July 9, 2026 /PRNewswire/ — Listed PhilWeb Corporation (“PhilWeb” or the “Company”, PSE: WEB) today announced an exclusive partnership with Pragmatic Play that will enable licensed gaming operators in the Philippines to utilize international ecosystem partner Pragmatic Play’s gaming services through PhilWeb. The partnership represents a significant expansion of PhilWeb’s technology-enabled gaming services business and further strengthens its position as a trusted technology and commercial partner for licensed gaming operators in the Philippines.

Under the arrangement, PhilWeb provides hosted services through remote technology infrastructure and API-enabled integration, enabling operators to efficiently make available a broad portfolio of gaming offerings to their end users, subject to applicable regulatory approvals and contractual arrangements, within the third quarter of 2026.

“This partnership represents an important milestone in PhilWeb’s long-term strategy of expanding its technology-enabled gaming services business. By collaborating with one of the industry’s leading international gaming services providers, we are positioned to broaden our commercial relationships with licensed operators while creating a scalable and recurring revenue stream through technology-enabled services,” said Edgar Brian K. Ng, President of PhilWeb.

Pragmatic Play is already utilized by a substantial majority of online gaming platforms licensed to operate in the Philippines. PhilWeb expects the exclusive commercial arrangement to strengthen its existing operator relationships while creating opportunities for further growth as additional operators adopt the hosted gaming services available through the partnership.

The partnership also establishes a platform for PhilWeb to pursue additional collaborations with international gaming services providers, supporting its objective of building a diversified portfolio of technology-enabled offerings for the regulated Philippine gaming market.

About Pragmatic Play

Pragmatic Play is a leading multi-product software provider to the iGaming industry and is licensed and regulated by industry governing bodies such as the Gambling Commission of Great Britain (GCGB), the Gibraltar Gambling Commissioner (GGC), and the Malta Gaming Authority (MGA).

Its award-winning portfolio of slots, live casino and more is available through a single API integration in all major regulated markets, languages, and currencies.

Headquartered in Gibraltar, Pragmatic Play is owned by a private group of investors led by Veridian (Gibraltar) Limited.

About PhilWeb Corporation

PhilWeb Corporation is a Philippine Stock Exchange-listed technology company providing digital infrastructure, technology integration, hosted gaming platform solutions and other technology-enabled services to licensed operators within regulated gaming ecosystems.

Investor Relations Contact:

Kenneth Ke
Group Investment Head
PhilWeb Corporation
Email: kenneth.ke@philweb.com.ph

Media Relations Contact:

Arnel Vasquez
Media Relations Director
Rebel Marketing Philippines
Email: arnelvasquez@rebelmarketing.com.ph
Mobile: +63 917 584 3573

View original content:https://www.prnewswire.com/apac/news-releases/philweb-secures-exclusive-partnership-with-pragmatic-play-expanding-tech-enabled-gaming-services-in-the-ph-302821636.html

SOURCE PhilWeb Corporation

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Arrow Global Insurance strengthens specialty insurance platform through acquisition of Fusion Specialty Group

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Acquisition marks another significant milestone for Arrow Global Insurance, reinforcing its leadership in specialty insurance markets where disciplined underwriting is critical

LONDON, July 9, 2026 /CNW/ — Arrow Global Group (“Arrow”), a leading pan-European alternative investment manager, today announces a significant milestone for Arrow Global Insurance (“AGI”) through the acquisition1 of Fusion Specialty Group (“Fusion”), a specialist managing general agent (“MGA”).

AGI is an established specialty insurance platform providing institutional investors with access to specialty, non-catastrophe insurance markets by combining Arrow-backed MGAs, rated risk-bearing capacity and Arrow’s investment capabilities. Supported by long-term institutional capital, AGI targets attractive underwriting performance in markets characterised by high barriers to entry, fragmented competition and technical complexity.

The acquisition further enhances AGI’s platform by adding another high-quality specialist MGA with a well-established underwriting track record. Through Halldora Re Ltd² (“Halldora Re”), AGI’s A- (Excellent) AM Best-rated reinsurer, and the broader Arrow platform, Arrow’s MGAs benefit from access to long-term underwriting capacity, institutional capital and scalable operating infrastructure, enabling them to grow responsibly while maintaining underwriting discipline.

Operating on behalf of leading London market, European and other specialty insurers, Fusion has established a highly regarded underwriting franchise serving policyholders across the UK, Europe, North America and other international markets. Since launch, Fusion has processed more than 23,000 submissions and written approximately £290m of gross written premium for approximately 1,500 policyholders, with premium volume more than doubling over the past two years.

Zach Lewy, Chief Executive Officer and Chief Investment Officer of Arrow Global Group, said: “Arrow Global Insurance is an established specialty insurance platform that combines exceptional underwriting businesses with institutional capital. The addition of Fusion, a high-quality specialist MGA with an outstanding underwriting track record, further strengthens that platform and expands the range of differentiated specialty insurance opportunities available to our institutional investors.”

Katie Simmonds, Chief Executive Officer of Fusion Specialty Group, said: “Access to additional underwriting capacity through Halldora Re, together with Arrow’s long-term investment approach, provides a strong foundation for our next phase of growth while allowing us to remain focused on the underwriting discipline and client service that define Fusion.”

David Rogers, Founder and Executive Chairman of Fusion Specialty Group, said: “Building Fusion into a global specialist MGA has been a genuine privilege. Arrow shares our commitment to underwriting discipline and long-term thinking, and its backing, including the reinsurance capacity behind Halldora Re, accelerates our growth and potential. I’m pleased to remain involved and excited for what comes next.”

The transaction is subject to customary closing conditions. All required regulatory approvals have been obtained and completion is expected during the third quarter of 2026.

Notes to editors:

1: Acquisition will be funded by (i) capital initially generated from shares issued by Sherwood Topco Limited and (ii) from funds managed by Arrow Global Group. Given the majority ownership, Fusion will be a subsidiary of Sherwood Topco Limited but will not be a direct or indirect subsidiary of Sherwood Parentco Limited.

2: Entity is owned by funds managed by Arrow Global Group.

Arrow Global Group
For more information visit www.arrowglobal.net

Fusion Specialty Group
For more information visit www.fusionspecialty.com

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SOURCE Arrow Global

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