These appointments accelerate EigenQ’s execution as it scales its technology platform and commercial operations ahead of the proposed merger with Silicon Valley Acquisition Corp. (Nasdaq: SVAQ).

AUSTIN, Texas, July 28, 2026 /PRNewswire/ — EigenQ, Inc. (“EigenQ” or the “Company”), a quantum technology company developing hardware and software solutions spanning post-quantum cryptography, quantum random number generation, and hardware-rooted quantum-safe infrastructure, today announced the appointment of Mark Pecen as Vice Chairman and the promotion of Alexander Truskovsky to Chief Information Security Officer (CISO). The appointments further strengthen EigenQ’s executive leadership team as the Company expands commercial operations and prepares for its planned public listing.

Having served as an EigenQ Board member and strategic advisor, Mark Pecen now assumes the expanded leadership role of Vice Chairman. A leading authority in quantum-safe technologies, his experience includes foundational work on GSM, GPRS, and EDGE at the European Telecommunications Standards Institute (ETSI), as well as key contributions to 3G UMTS and 4G LTE technologies at Motorola and BlackBerry. In 2013, he co-founded the Quantum-Safe Cryptography Working Group at ETSI and later helped establish ETSI’s Technical Committee on Quantum. He has also chaired the Canadian task force on GDPR, led the Quantum Valley Ideas Lab, and served on the advisory board of University of Waterloo’s Institute for Quantum Computing (IQC) in Canada.

An inventor holding more than 100 patents, Pecen is an alumnus of the University of Pennsylvania’s Wharton School and School of Engineering.

“I’ve known EigenQ founder Dr. Jesse Van Griensven for more than 20 years, and when he asked whether I could help, there was no hesitation,” said Mr. Pecen. “Since joining EigenQ, I’ve helped build our executive team, strengthen our presence within ETSI, and expand our credibility across the European quantum community. Together with Dr. Van Griensven and Dr. Rosas-Bustos, we’ve helped position EigenQ as a future leader in the European quantum ecosystem.”

“Mark has been instrumental in shaping EigenQ’s technology strategy, intellectual property portfolio, and industry relationships since the earliest stages of the Company. His appointment as Vice Chairman reflects both his contributions to date working closely with our research teams and the important role he will continue to play as we scale the business towards becoming a public company”, said Dr. Van Griensven, Chairman of EigenQ.

EigenQ Establishes CISO Role

In addition to Mr. Pecen’s appointment, EigenQ has promoted Alexander Truskovsky to the newly established position of Chief Information Security Officer, following his successful tenure as Vice President of Cryptography.

Truskovsky will lead EigenQ’s information security strategy, cybersecurity governance, security architecture and risk management, while continuing to integrate security and compliance across the Company’s products, solutions, and operations. He will also continue to provide strategic input on product design, product security, customer requirements, and product-market fit.

An accomplished inventor, cryptography leader, and enterprise solutions architect, Truskovsky has helped advance EigenQ’s technology, security architecture, and product strategy. His promotion to CISO recognizes both his contributions to date and his ability to drive broader impact across the Company.

“In my new role, I look forward to strengthening EigenQ’s technology platform, advancing our cybersecurity strategy and intellectual property, expanding relationships with customers and strategic partners, and ensuring security remains at the core of every product we deliver. As organizations prepare for the Quantum Era, they will require trusted infrastructure that secures identities, protects critical data, and ensures the integrity of digital systems,” said Mr. Truskovsky.

“Promoting Alexander to CISO reinforces our relentless focus on quantum security,” said Dr. José Rosas-Bustos, Chief Executive Officer of EigenQ. “What excites me most is the collective expertise of our executive team. Every member has previously built successful companies or technologies. We are experienced industry veterans doing this because we genuinely believe we can contribute something meaningful to the quantum industry. We are driven by solving difficult problems and translating innovation into real-world impact. We believe the combination of world-class leadership and differentiated technology positions EigenQ for long-term success. These appointments accelerate our ability to execute, scale, and deliver trusted quantum technologies to customers around the world.”

About EigenQ

EigenQ is an applied quantum technology company building the trusted infrastructure for the Quantum Era. Headquartered in Texas, USA, the Company develops and commercializes foundational technologies across quantum security, communications, networking, and sensing – helping public and private sectors globally prepare for a future shaped by quantum computing and AI.

Working alongside a global ecosystem of OEMs, technology partners, and industry leaders, EigenQ today delivers deployable, market-ready solutions that combine post-quantum cryptography, quantum-derived entropy, hardware-rooted trust, secure identity, and cryptographic agility to strengthen existing digital infrastructure.

EigenQ has entered into a definitive business combination agreement (the “Business Combination Agreement”) with Silicon Valley Acquisition Corp. (Nasdaq: SVAQ) (“SVAQ”). Upon completion of the transactions contemplated by the Business Combination Agreement (the “Business Combination”), the combined company is expected to trade on the Nasdaq Global Market under the ticker symbol “EIGQ,” subject to shareholder approval, regulatory approvals, and other customary closing conditions.

For more information, visit www.EigenQ.com.

About Silicon Valley Acquisition Corp. 

Silicon Valley Acquisition Corp. (Nasdaq: SVAQ) is a publicly traded special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

For more information, visit https://svacquisitioncorp.com.

Important Information About the Proposed Business Combination and Where to Find It 

The proposed Business Combination will be submitted to the shareholders of SVAQ for their consideration. A registration statement on Form S-4 (as may be amended, the “Registration Statement”) is expected to be filed with the U.S. Securities and Exchange Commission (the “SEC”), which will include preliminary and definitive proxy statements to be distributed to SVAQ’s shareholders in connection with SVAQ’s solicitation for proxies for the vote by SVAQ’s shareholders in connection with the proposed Business Combination and other matters as described in the Registration Statement, as well as a prospectus relating to the securities to be issued in connection with the completion of the proposed Business Combination. After the Registration Statement has been filed and declared effective by the SEC, SVAQ will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Business Combination. 

SVAQ’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus in connection with SVAQ’s solicitation of proxies for its extraordinary general meeting of shareholders to be held to approve, among other things, the proposed Business Combination, because these documents will contain important information about SVAQ, EigenQ and the proposed Business Combination. This press release does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. SVAQ and EigenQ may also file other documents with the Securities and Exchange Commission (the “SEC”) regarding the Business Combination. Shareholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed with the SEC regarding the proposed Business Combination and other documents filed with the SEC by SVAQ, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Silicon Valley Acquisition Corp., 228 Hamilton Avenue, 3rd Floor, Palo Alto, CA 94301. 

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY, NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE PROPOSED BUSINESS COMBINATION PURSUANT TO WHICH ANY SECURITIES ARE TO BE OFFERED OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 

Forward-Looking Statements 

This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the proposed Business Combination and the parties thereto. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the proposed Business Combination between SVAQ and EigenQ; the anticipated benefits and timing of the proposed Business Combination; expected trading of the combined company’s securities on Nasdaq; the combined company’s future financial performance; the ability of the combined company to execute its business strategy, its market opportunity and positioning; and other statements regarding management’s intentions, beliefs, or expectations with respect to the combined company’s future performance, are forward-looking statements. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of EigenQ’s and SVAQ’s management and are not predictions of actual performance. 

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of EigenQ and SVAQ. These forward-looking statements are subject to a number of risks and uncertainties, including (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed Business Combination; (2) the outcome of any legal proceedings that may be instituted against EigenQ or SVAQ, the combined company or others following the announcement of the proposed Business Combination; (3) the inability to complete the proposed Business Combination due to the failure to obtain approval of the shareholders of EigenQ or SVAQ or to satisfy other conditions to closing; (4) changes to the proposed structure of the proposed Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the proposed Business Combination; (6) the risk that the proposed Business Combination disrupts current plans and operations of EigenQ as a result of the announcement and consummation of the proposed Business Combination; (7) EigenQ’s ability to scale and grow its business, and the ability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition and the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; (8) risks that the Business Combination disrupts current plans and operations of EigenQ; (9) the ability to implement business plans, forecasts, identify and realize additional opportunities, and other expectations; (10) political, social or economic instability in the emerging markets, including the Middle East, and other countries in which EigenQ, the post-combination company, relevant OEMs and other channel participants and customers of some or all of the foregoing operate or plan to operate; (11) risks relating to product development and commercialization timing, OEM integration, customer adoption and strategic partnerships; (12) EigenQ’s ability to maintain and recognize benefits from its existing strategic relationships; (13) costs related to the proposed Business Combination; (14) changes in applicable laws or regulations; (15) changes in government mandates, requirements and standards as they relate to quantum security and infrastructure; (16) EigenQ’s estimates of expenses and profitability and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; (17) any downturn or volatility in economic conditions; (18) changes in the competitive environment affecting EigenQ or its customers, including EigenQ’s inability to introduce new products or technologies; (19) the impact of pricing pressure and erosion; (20) supply chain risks; (21) risks to EigenQ’s ability to protect its intellectual property and avoid infringement by others, or claims of infringement against EigenQ; (22) the possibility that EigenQ or SVAQ may be adversely affected by other economic, business and/or competitive factors; (23) EigenQ’s estimates of its financial performance; (24) risks related to the fact that SVAQ is incorporated in the Cayman Islands and governed by Cayman Islands law; (25) and those factors discussed in SVAQ’s Annual Report on Form 10-K filed with the SEC on March 31, 2026, under the heading “Risk Factors,” and subsequent Quarterly Reports on Form 10-Q, the Registration Statement and proxy statement/prospectus, or other documents that will be filed with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither EigenQ nor SVAQ presently knows or that EigenQ and SVAQ currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect EigenQ’s and SVAQ’s expectations, plans or forecasts of future events and views as of the date of this press release. EigenQ and SVAQ anticipate that subsequent events and developments will cause EigenQ’s and SVAQ’s assessments to change. However, while EigenQ and SVAQ may elect to update these forward-looking statements at some point in the future, EigenQ and SVAQ specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing EigenQ’s and SVAQ’s assessments as of any date after the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. 

No Offer or Solicitation 

This press release does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed Business Combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act. 

Participants in Solicitation 

SVAQ, EigenQ and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from SVAQ’s shareholders in connection with the proposed Business Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of SVAQ’s shareholders in connection with the proposed Business Combination will be set forth in SVAQ’s proxy statement/prospectus when it is filed with the SEC. You can find more information about SVAQ’s directors and executive officers in SVAQ’s Annual Report on Form 10-K filed with the SEC on March 31, 2026. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/eigenq-appoints-mark-pecen-as-vice-chairman-and-promotes-alexander-truskovsky-to-chief-information-security-officer-302835988.html

SOURCE EigenQ

Partnership combines SKYWAVE’s intelligent network orchestration solution with Iridium’s pole-to-pole LEO satellite network to help equipment manufacturers modernize connected operations and extend connectivity worldwide.

MCLEAN, Va., July 28, 2026 /CNW/ — Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, today announced a strategic partnership with SKYWAVE, a global leader in industrial IoT connectivity, devices and enablement solutions for mission-critical assets, to help heavy equipment manufacturers build and scale more resilient connected equipment services across global operating environments.

As heavy equipment manufacturers expand connected services, they face growing pressure to improve equipment uptime, modernize legacy deployments, and deliver a consistent customer experience across fleets operating in remote and often disconnected locations. Many deployments rely on fragmented communications infrastructure that limits asset visibility, delays service response, and constrains the rollout of new digital capabilities.

Together, Iridium and SKYWAVE are addressing these challenges by combining Iridium’s truly global, weather-resilient low Earth orbit (LEO) satellite network and proven Short Burst Data® (SBD®) services with SKYWAVE’s intelligent multi-network management solution and award-winning OGx IoT platform. The integration is underway, with Iridium SBD being embedded directly into SKYWAVE satellite IoT terminals, giving SKYWAVE’s heavy equipment OEM customers the option to access Iridium’s LEO satellite network. The combined solution will give OEMs a flexible platform that seamlessly extends connected services across satellite, cellular, and Wi-Fi networks, helping ensure reliable connectivity wherever equipment operates.

The integrated solution supports a wide range of connected equipment applications for OEMs, including remote monitoring, diagnostics, predictive maintenance, service support, and the modernization of existing connected equipment fleets. The partnership initially focuses on heavy equipment manufacturers, with the underlying architecture designed to support additional industrial verticals where assets operate globally, remotely, or beyond the reach of terrestrial networks.

“For more than two decades, Iridium has provided the only pole-to-pole mobile satellite network, delivering the coverage, resiliency, and reliability that mission-critical operations demand,” said Matt Desch, CEO, Iridium. “We look forward to partnering with SKYWAVE to bring Iridium’s global LEO capabilities to industrial IoT customers operating in even the most demanding environments.”

“This partnership is an important step in SKYWAVE’s mission to become the intelligent networking layer for industrial IoT,” said Sameer Agrawal, Chief Executive Officer of ORBCOMM. “Heavy equipment OEMs are looking for ways to modernize legacy deployments, expand connected service capabilities and deliver reliable digital experiences wherever their equipment operates. By combining Iridium’s global LEO capabilities with SKYWAVE’s platform, we are enabling OEMs to build and scale those capabilities across multiple networks.”

The partnership builds on the long-standing satellite IoT leadership of Iridium and SKYWAVE, bringing Iridium’s global LEO network together with SKYWAVE’s intelligent multi-network platform. Together, the companies are creating a more resilient foundation for the next generation of industrial IoT applications, helping equipment manufacturers extend connected operations wherever their assets are deployed.

For more information about Iridium, visit www.iridium.com 

For more information about SKYWAVE, visit www.skywave.com 

About Iridium Communications Inc.

Iridium Communications Inc. (Nasdaq: IRDM) operates the world’s only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world’s only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.

Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.

About SKYWAVE, an ORBCOMM company

SKYWAVE, an ORBCOMM company, is a global provider of IoT solution enablement technology. We empower solution providers, system integrators and OEMs to serve their customers through satellite and cellular managed IoT networks and a complete application enablement platform. We provide a fully integrated ecosystem of purpose-built devices, data automation and connectivity services for high-reliability, low-data solutions. SKYWAVE is where IoT powers mission-critical applications for the transportation, agriculture, oil and gas, and maritime industries. For more information, visit www.skywave.com.

Forward-Looking Statements Disclosure

Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Iridium (the “company”) has based these statements on its current expectations and the information currently available. Forward-looking statements in this press release include statements regarding the expected capabilities and benefits of combining the Iridium satellite network and SBD services with SKYWAVE’s management solution and platform, the availability of the combined solution, and Iridium’s expected relationship with SKYWAVE. Forward-looking statements can be identified by the words “anticipates,” “may,” “can,” “believes,” “expects,” “projects,” “intends,” “likely,” “will,” “to be” and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the combined solution for SKYWAVE’s heavy equipment OEMs, the company’s ability to maintain the health, capacity and content of its satellite constellation, general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption “Risk Factors” in the company’s Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2026, and the company’s Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on July 22, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium’s expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium’s underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium’s forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update or revise any forward-looking statements.

Press Contact:
Jordan Hassin
Iridium Communications Inc.
Jordan.Hassin@Iridium.com
+1 (703) 287-7421
X: @Iridiumcomm

Investor Contact:
Kenneth Levy
Iridium Communications Inc.
Ken.Levy@Iridium.com
+1 (703) 287-7570

View original content to download multimedia:https://www.prnewswire.com/news-releases/iridium-and-skywave-an-orbcomm-company-partner-to-advance-global-industrial-iot-for-heavy-equipment-oems-302835658.html

SOURCE Iridium Communications Inc.

Profit and Growth Accelerator Series tackles the sales and financial blind spots that stall contractor expansion

SEATTLE, July 28, 2026 /PRNewswire/ — Business Development Resources (BDR), the premier provider of business coaching, training and marketing services for home service contractors across North America, is bringing in-person training to Texas home service business owners with the Profit and Growth Accelerator Series. The two-day event will be held Aug. 18-19 at JB Warranties, 9369 Hilltop Road, Argyle, Texas, a suburb of Dallas.

The training combines two of BDR’s most sought-after classes. Day one features The Home Service Blueprint, which will help attendees overcome barriers to growth and scale their business through better pricing, more efficient use of labor and stronger financial decision-making. On day two, The Art of Consumer Financing will show attendees how to activate financing as a more effective part of the sales process, giving them a tool to close more sales in a market where consumer finances are stretched.

“The time is now for home services businesses to adjust their sales and operations processes if they want to win,” said Matt MacArthur, BDR’s senior vice president of training and marketing. “The goal for this event is for every attendee to leave with a realistic path toward stronger sales and financial performance in their business that they can activate immediately.”

The event is designed for home service leaders who want to strengthen the way their teams make financial and operational decisions. Participants will work through real-world scenarios, compare approaches with other industry professionals and leave with practical steps they can begin applying when they return to their businesses.

“Training has the greatest impact when it changes what happens back at the company,” MacArthur said. “We want attendees to return to their teams ready to apply what they learned to impact sales immediately, not file away a workbook and fall back into the same routines.”

Each class runs from 8 a.m. to 4 p.m. Central time. Registration is $695 for one day or $1,265 for both days, a savings of $125. Space is limited, and advance registration is required.

For more information, visit https://www.bdrco.com/event/profit-growth-accelerator-series-live-in-dallas/.

About Business Development Resources (BDR)

Business Development Resources (BDR) is the premier provider of business growth resources for home service contractors and distributors. Founded in 1998 by Bruce Wiseman and Barry Burnett, BDR empowers contractors to build profitable, sustainable companies through integrated business coaching, marketing and training solutions. The company serves thousands of home service professionals each year through its industry-leading programs, including Profit Coach and Marketing Services, which support over 900 of the top contractor businesses across North America. More than 10,000 businesses attend BDR training events every year, and nearly 1,000 business leaders participate annually in Profit Launch workshops to develop actionable growth strategies. Learn more at bdrco.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bdr-brings-high-impact-training-to-texas-contractors-302835827.html

SOURCE Business Development Resources (BDR)