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Greenberg Traurig Advises Cartesian Growth Corporation II on $1.2B Go-Public Merger with InoBat

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NEW YORK, Aug. 3, 2026 /PRNewswire/ — Global law firm Greenberg Traurig, LLP advised Cartesian Growth Corporation II, a special purpose acquisition company, on the signing of a definitive business combination agreement with InoBat AS (InoBat), a European battery energy storage systems and battery technology company.

The proposed transaction is expected to close in late 2026, subject to customary closing conditions including shareholder approval. There is no minimum cash condition. Following the closing, InoBat is expected to trade on Nasdaq under the ticker symbol “INBT.”

The transaction values InoBat at $1.265 billion, on a pre-money, pre-merger basis, including earn-out consideration tied to the achievement of strategic and financial milestones. The transaction also includes $77.5 million in private investment in public equity committed by institutional investors and InoBat’s current shareholders, according to the press release.

InoBat is positioning its platform to support the rapidly growing power demand from artificial intelligence infrastructure and hyperscale data centers. The company has contracted or delivered 875 megawatt-hour of utility-scale battery energy storage systems across Europe and serves industrial and utility customers through its BESSMONT platform.

The Greenberg Traurig team was led by Alan I. Annex, firm vice chair and global Corporate Practice senior chair, Corporate Shareholders Adam S. Namoury and Thomas R. Martin, and Corporate Associate Ricardo Crispim Leite.

Greenberg Traurig also advised Cartesian Growth Corporation III on its business combination with Factorial Inc., which closed earlier this year.

About Greenberg Traurig: Greenberg Traurig, LLP has approximately 3,200 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm’s broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI “Best of the Best Recommended Law Firm” by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

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SOURCE Greenberg Traurig, LLP

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Rockford Fosgate® Expands Polaris Audio Lineup with New RZR and Sportsman Systems

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Factory-integrated upgrades deliver more output, deeper bass and trail-ready performance.

TEMPE, Ariz., Aug. 3, 2026 /PRNewswire/ — Rockford Fosgate (www.rockfordfosgate.com), the industry leader in high-performance audio systems, announces three purpose-built audio solutions for select Polaris® RZR and Sportsman vehicles: the RZR Phantom Rear Door Speaker Upgrade, the 2026 RZR PRO-R / PRO-R Boost Subwoofer Kit, and the Polaris Sportsman Front Rack Audio System. Each product combines vehicle-specific integration, straightforward installation and rugged construction to deliver powerful sound without compromising factory fit, function or storage.

RZR Phantom Rear Door Speaker Upgrade

Designed for select RZR PRO-R, PRO-S and PRO-XP Stage-4 four-passenger Ultimate models, the rear door upgrade adds two 6.5-inch Element Ready™ speakers in custom OEM door panels. The system adds 200 watts of output, with extended voice coils that deliver clear highs, deeper bass and a more dynamic listening experience. Integrated door handles and grilles match the existing Rockford Fosgate audio ecosystem, while factory mounting locations support quick installation and a clean, cohesive interior. Co-engineered with Polaris, the system is Ride Command Ready for vehicle-specific, noise-free integration with zero setup.

2026 RZR PRO-R / PRO-R Boost Subwoofer Kit

Purpose-built for 2-seat and 4-seat 2026 RZR PRO-R and PRO-R Boost models, the new subwoofer kit centers on a 10-inch, 400-watt subwoofer powered by a dedicated channel on the new 1,500-watt, 8-channel amplifier. Vehicle-optimized mounting brackets provide precise factory-grade fitment, and an included 12-volt relocation kit supports installation in 2-seat models. The compact, one-piece roto-molded enclosure preserves cabin space and ergonomics while adding deep, hard-hitting bass across the entire audio system.

Polaris Sportsman Front Rack Audio System

Engineered for select Polaris Sportsman models, the all-in-one front rack system combines two 100-watt, 8-inch Element Ready™ coaxial speakers with a 150-watt, 2-channel Bluetooth® amplifier. The ultra-high-excursion speakers deliver punchy bass in a lightweight, durable package, while Bluetooth connectivity gives riders direct control from a smartphone. All components are housed in a single roto-molded enclosure that mounts securely to the OEM front storage rack and opens to maintain full access to the existing storage area. Plug-and-play installation and factory-matched styling complete the integrated design.

All three systems are engineered for demanding off-road environments. Element Ready™ construction helps protect critical components from water, salt and UV exposure, while rugged enclosures and vehicle-specific hardware are designed to withstand vibration, heat, mud and rough terrain. The result is premium, factory-fit audio performance built for wherever the trail leads.

For more information, please visit rockfordfosgate.com

About Rockford Fosgate

Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, motorcycle, motorsport, and marine audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).

View original content to download multimedia:https://www.prnewswire.com/news-releases/rockford-fosgate-expands-polaris-audio-lineup-with-new-rzr-and-sportsman-systems-302841733.html

SOURCE Rockford Fosgate

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Neutral Position Drives High-Quality Growth Across All Scenarios: SF Intra-city (9699.HK) Releases Positive Profit Alert for First Half 2026

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HONG KONG, Aug. 4, 2026 /PRNewswire/ — Hangzhou SF Intra-city Industrial Co., Ltd. (“SF Intra-city” or the “Group”; Stock Code: 9699.HK), the largest third-party on-demand delivery service provider in China, is pleased to announce that the Group expects for the six months ended 30 June 2026 (the “Period”): (i) the profit attributable to owners of the Company for the Period is expected to be not less than RMB301 million, representing an increase of not less than 120% as compared with the corresponding period of last year;(ii) the adjusted net profit[1] for the Period is expected to be not less than RMB240 million, representing an increase of not less than 50% as compared with the corresponding period of last year; and(iii) the revenue of the Group for the Period is expected to be not less than RMB11,669 million, representing an increase of not less than 14% as compared with the corresponding period of last year.

The steady growth in the Group’s performance as mentioned above was mainly attributable to: (i) the Group has remained committed to its operating objective of achieving healthy and high-quality development, with both order volume and revenue continuing to grow; (ii) leveraging its positioning as an independent and open third-party platform, together with high-quality and reliable full-scenario fulfilment services, the Group has continued to earn the long-term trust of its customers and deepen its diversified and positive cooperation with customers, driving resilient growth in its business operations; (iii) benefiting from further enhancement of economies of scale, optimisation of resource input strategies, refined rider network operations and the application of AI technologies to improve coordination and efficiency across the value chain from front-end customer acquisition to network operations and back-end resource input, the Group achieved an improvement in gross profit margin, which in turn contributed to profit growth; and (iv) the Group’s core business maintained healthy growth momentum, and the Group’s investment-related income for the Period is also expected to rise.

In the first half of 2026, leveraging its neutral and open service positioning and full-scenario fulfilment capabilities, SF Intra-city catered to diverse demands covering food delivery, on-demand retail, intra-city errand services and terminal logistics, consolidating the Group’s growth foundation. Multiple consumption peaks overlapped in the period, including the 618 Shopping Festival, FIFA World Cup and Dragon Boat Festival. Demand for home shopping, event viewing, cultural tourism and festival gifts surged across all scenarios. During major promotion cycles, the average daily orders of SF Intra-city rose by 20% year-on-year during the 618 shopping promotion period; Exclusive Delivery orders on Dragon Boat Festival surged more than 120% year-on-year, personal delivery orders at major cultural tourism destinations multiplied, and fresh produce orders also climbed substantially. Meanwhile, the Group continued to expand all-round partnerships with live-stream e-commerce platforms, chain brands and private-domain merchants, expanding client coverage via a dual layout of public and private domain channels and achieving diversified upgrading of customer cooperation. It also deepened resource collaboration with SF Holding to provide partner brands with integrated supply chain solutions covering “warehousing + transshipment + intra-city delivery” and assisted the upgrading of traditional logistics systems with its terminal delivery capabilities.

While multi-channel operations maintained positive momentum in the first half of the year, SF Intra-city steadily consolidated its delivery capacity foundation and drove operational efficiency gains via digital and intelligent upgrades. Continued expansion of its footprint in lower-tier markets lifted network-wide order density, driving continuous improvements in average delivery mileage and per-order fulfilment costs. During the period, AI intelligent dispatching achieved full coverage, while unmanned delivery was rolled out at a faster pace, lifting the platform’s overall operational efficiency. The implementation of unmanned delivery technologies and expansion of applicable scenarios moved forward in an orderly fashion, continuously strengthening the Group’s underlying digital and intelligent technology capabilities. The Group’s order volume continued to grow in the first half of the year, enabling full release of economies of scale.

The medium- and long-term outlook for the on-demand delivery industry remains upbeat. Industry data indicates that China’s domestic on-demand retail market size will exceed RMB 1 trillion in 2026. Total order volumes are set to maintain rapid growth, and the “everything delivered to home” trend boasts broad long-term growth potential. As a leading independent third-party on-demand delivery service provider in China, SF Intra-city will continue to capture the dividends of full-scenario fulfilment for local life services, further expand intra-city delivery scenarios, deepen last-mile logistics synergies within the Group, and steadily advance the implementation of digital, intelligent and unmanned delivery technologies. The business is poised to sustain a pattern of high-quality growth.

[1] Adjusted net profit represents profit attributable to owners of the Company excluding share-based compensation expenses, share of profit of a joint venture accounted for using the equity method, fair value changes on financial assets at fair value through profit or loss and the related income tax effects.

About Hangzhou SF Intra-city Industrial Co., Ltd. (Stock code: 9699.HK)

SF Intra-city focuses on the emerging opportunities of intra-city on-demand delivery services. Since 2019, SF Intra-city has operated as an independent legal entity to capture the growth opportunities arising from new consumption trends. SF Intra-city adopts a multi-scenario business model, providing full coverage of delivery scenarios for all types of products and services. The Company’s extensive service coverage, ranging from mature scenarios such as food delivery to growth scenarios such as local retail, local e-commerce and local services, has enabled it to respond to evolving customer needs resulting from the development and upgrading of the local consumer market. For more details, please visit the Company’s website: https://ir.sf-cityrush.com/en/investor-relations/

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SOURCE SF Intra-city

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SK hynix Unveils First HBF Standard Specifications with Sandisk, Presenting AI Memory Solutions at ‘FMS 2026’

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–  First HBF standard showcased within six months of consortium launch, expanding the ecosystem with participation from Google, Tenstorrent
–  Keynote by SK hynix Executive Vice President Kim Chun-sung and Vice President Kang Uk-song on opening day, offering solutions for next-generation AI infrastructure based on ‘Tiered Memory’
–  Panel discussion with Google DeepMind•Sandisk on ‘Breaking the Memory Wall with HBF’
–  Tenth-generation (V10) 375-layer 4D NAND unveiled for the first time at exhibition booth, offering a 2.5 times increase in power efficiency
–  “Expanding the boundaries of memory and storage through HBF technology… contributing to new architectures that boost system efficiency”

SEOUL, South Korea, Aug. 3, 2026 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today (GMT+9) in collaboration with Sandisk that it has unveiled the first standard specifications for High Bandwidth Flash (HBF), a next-generation storage technology.

The announcement coincides with the opening of ‘FMS (Future of Memory and Storage) 2026,’ held at the Santa Clara Convention Center in California from August 4 to 6 (local time). The company is set to present HBF as a key technology to overcome memory bottlenecks in the AI era through keynote speeches and panel discussions during the event.

HBF technology is a new memory layer between HBM and SSDs. It enables high-speed data transfer similar to HBM while significantly expanding capacity by leveraging NAND technology. With the expansion of AI inference driving a surge in data volumes to process, HBF is gaining attention as a technology that simultaneously resolves bandwidth and capacity scalability challenges.

This milestone comes about six months after launching the consortium in February this year, following the initial standardization partnership with Sandisk in August 2025. Capacity specifications cover up to 512GB based on two stack configurations (8-high and 16-high NAND dies). Bandwidth is categorized into three grades (Grade1~3), delivering scalable performance from approximately 0.4TB/s to 3.0TB/s.

A key highlight is the interconnect linking HBF technology and processors. HBF technology adopts UCIe1, an industry standard connection interface, laying the groundwork to flexibly integrate HBF technology across different processor types, including GPUs and CPUs.

1 UCIe (Universal Chiplet Interconnect Express): An open standard interface specification designed for high-speed interconnection of heterogeneous semiconductor chiplets.

The standard also outlines connection interfaces and electrical characteristics, reliability and packaging guidelines for HBF die stack process, software I/O guidelines.

The specification was disclosed through the Open Compute Project (OCP), world’s largest open data center technology initiative, positioning it as an open standard for the entire industry rather than a proprietary technology.

SK hynix plans to leverage this release to expand the adoption of HBF technology in the AI storage market and foster the surrounding ecosystem. With Google and Tenstorrent currently participating in the HBF consortium, the consortium aims to expand its reach while enhancing technical maturity and market acceptance based on open collaboration.

On the opening day of FMS 2026 (August 4, local time), SK hynix Executive Vice President Kim Chun-sung (Head of Solution Development) and Vice President Kang Uk-song (Head of Next Generation Product Planning) will deliver a joint keynote address, titled ‘Orchestrating Efficient AI Infrastructure through Tiered Memory in the Era of Agentic AI.’

As Agentic AI2 rapidly commercializes, the volume of data to process is surging alongside growing demands for higher speed and efficiency. Recognizing that a single memory type cannot address these complex challenges, both speakers will present the necessity and future direction of a next-generation architecture based on ‘Tiered Memory’, a framework that connects and optimizes diverse memory types into a unified system.

2 Agentic AI: Advanced Agent AI systems capable of autonomously setting goals, formulating plans, and executing tasks without human intervention.

On August 6, SK hynix Vice President Lim Eui-cheol (Head of Solution AT), Sandisk Vice President Rajeev Nagabhirava and Google DeepMind Senior Staff Engineer Xiaoyu Ma will join a panel discussion titled ‘Breaking the Memory Wall with High Bandwidth Flash.’ Bringing together key leaders across memory, storage and AI, the session will examine fundamental shifts in memory architecture across AI infrastructure and highlight the potential and role of HBF as a transformative solution.

Furthermore, SK hynix will host an exhibition booth throughout FMS 2026, featuring a Partnership Zone, a Next-Generation Tech Zone and Tech Sessions.

Notably, the company will publicly reveal for the first time its tenth-generation (V10) 375-layer 4D NAND wafer and products, which are currently under development. The 375-layer 4D NAND improves performance per watt by 2.5 times compared to the previous generation, making it optimized for AI infrastructure environments like data centers that demand high power efficiency and performance. The company plans to initiate mass production of high-performance, high capacity eSSDs based on the 375-layer 4D NAND early next year to reinforce its leadership in the AI NAND market.

SK hynix will also display a versatile product lineup spanning mobile, PC, automotive and robotics, showcasing the company’s competitive edge in memory technology and its collaborative achievements with customers in the AI era.

“With the rapid spread of AI applications, we are at a point where overall data processing structures must be redesigned,” said SK hynix Executive Vice President and Head of Solution Development Kim Chun-sung, adding, “Through HBF, SK hynix will expand the boundaries between memory and storage and contribute to building new architectures that enhance overall system efficiency.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) and flash memory chips (“NAND flash”) for a wide range of distinguished customers globally. The Company’s common shares are traded on the Korea Exchange, its American Depositary Shares are traded on NASDAQ, and its Global Depository Shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

Forward-Looking Statements

This press release may contain forward-looking statements, which involve risks and uncertainties. These statements are generally identified words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” and similar expressions, or the negative of such expressions. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. SK hynix undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. No part of this press release should form the basis of, or be relied upon in connection with, any contract, commitment, or investment decision.

 

View original content:https://www.prnewswire.com/news-releases/sk-hynix-unveils-first-hbf-standard-specifications-with-sandisk-presenting-ai-memory-solutions-at-fms-2026-302841792.html

SOURCE SK hynix Inc.

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