CARMEL, Ind., Aug. 11, 2026 /PRNewswire/ — OPENLANE, Inc. (NYSE: OPLN) (“OPENLANE”) today announced the pricing of the previously-announced registered public offering of 8,000,000 shares of its common stock (the “offering”) by Ignition Acquisition Holdings LP (“Ignition”), a fund advised by Apax Partners, L.P. (“Apax”). These shares represent a portion of OPENLANE’s previously issued Series A Convertible Preferred Stock held by Ignition that converted into OPENLANE common stock in May 2026. The underwriter will offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. OPENLANE is not selling any common stock in the proposed offering and will not receive any of the proceeds from the sale.

In addition, OPENLANE has authorized, subject to the completion of the offering, the concurrent purchase from the underwriter, out of the aggregate of 8,000,000 shares of common stock being sold as part of the offering, 727,590 shares of common stock at a price per share equal to the price per share to be paid by the underwriter to Ignition. The closing of the share repurchase is conditioned on, and expected to occur simultaneously with, the closing of the offering. The offering is not conditioned upon the completion of the share repurchase.

BofA Securities is acting as the underwriter for the proposed secondary offering.  

The offering will be made only by means of an effective registration statement and a prospectus. OPENLANE has previously filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement (including a prospectus) on Form S-3 (File No. 333-277249), and will file a prospectus supplement for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the accompanying prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and the offering. The offering will be made only by means of a prospectus and a related prospectus supplement relating to the offering, copies of which may be obtained from BofA Securities, 201 North Tryon Street, Charlotte, NC 28255-0001 Attn: Prospectus Department, or by email at dg.prospectus_requests@bofa.com. These documents can also be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About OPENLANE

OPENLANE, Inc. (NYSE: OPLN) makes wholesale easy by connecting the leading automotive manufacturers, dealers, rental companies, fleet operators, captive finance and lending institutions as buyers and sellers to create the most advanced digital marketplace for used vehicles. Our innovative products and services deliver a fast, fair and transparent experience that helps customers make smarter decisions and achieve better outcomes. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to certain risks, trends, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. In particular, statements made that are not historical facts (including, but not limited to, statements regarding our growth opportunities and strategies, industry outlook, competitive position, business and investment plans and initiatives, the impact of macroeconomic conditions, tariffs and global trade policy, and 2026 financial guidance) may be forward-looking statements. Words such as “should,” “may,” “will,” “would,” “anticipate,” “expect,” “project,” “intend,” “contemplate,” “plan,” “believe,” “seek,” “estimate,” “assume,” “can,” “could,” “continue,” “of the opinion,” “confident,” “is set,” “is on track,” “outlook,” “target,” “position,” “predict,” “initiative,” “goal,” “opportunity” and similar expressions identify forward-looking statements. Such statements are based on management’s current assumptions, expectations and/or beliefs, are not guarantees of future performance and are subject to substantial risks, uncertainties and changes that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the section entitled “Risk Factors” in OPENLANE’s annual and quarterly periodic reports, and in OPENLANE’s other filings and reports filed with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this release. OPENLANE undertakes no obligation to update any forward-looking statements.

View original content to download multimedia:https://www.prnewswire.com/news-releases/openlane-announces-pricing-of-secondary-offering-of-common-stock-including-concurrent-share-repurchase-302849024.html

SOURCE OPENLANE, Inc.

First SI partner for Amazon Quick in Korea to support enterprise AI agent deployment — automating report writing, data analysis, and task execution

120 certified generative AI professionals on staff — strengthening enterprise AI capabilities on AWS

SEOUL, South Korea, Aug. 11, 2026 /PRNewswire/ — MegazoneCloud (CEO Doug Yeum), a leading AI and cloud company, has been selected as the first system integration (SI) partner in Korea for “Amazon Quick,” the next-generation intelligent AI assistant, by the Generative AI Innovation Center (GenAI IC) of Amazon Web Services (AWS).

Amazon Quick is an intelligent workplace assistant that connects to enterprise systems and data to learn how a company works. By connecting internal enterprise data with various business systems, it enables AI to perform tasks such as report writing, data analysis, and task execution through natural language commands alone. It adapts on its own through every interaction, delivering personalized insights and proactive suggestions, and even carrying out actual tasks — thereby supporting employee productivity and workforce transformation. Enterprises can rapidly adopt task automation and AI agent capabilities without having to develop complex AI models themselves.

As an Amazon Quick SI partner, MegazoneCloud designs and supports the deployment of Amazon Quick tailored to enterprise-specific requirements, such as large-scale user environments, internal security policies, and legacy system integration. With this selection, MegazoneCloud supports the entire process — from consulting to deployment and operations — by integrating an enterprise’s existing business systems and data with Amazon Quick so that AI agents can deliver results in real-world work.

In particular, MegazoneCloud offers the “Live in 45” program, which completes deployment, operation, and effectiveness validation within approximately 45 days, enabling companies to quickly verify the benefits of AI adoption. This program analyzes an enterprise’s business processes and data environment to design an AI application approach, and supports the validation of adoption benefits by building and operating AI agents in an actual work environment.

This partner selection is the result of AWS recognizing MegazoneCloud’s generative AI technology capabilities and its experience in building enterprise AI. MegazoneCloud has been expanding its collaboration in the AWS-based generative AI field, including being selected as the official operating partner for AWS’s “Agentic AI GameDay” this past May. In addition, the company holds 120 “AWS Certified Generative AI – Developer Professional” credentials, certifying its expertise in designing, developing, and operating AWS’s generative AI services and applications.

Jinsung Kim, Unit Leader of the Cloud Tech Unit at MegazoneCloud, said, “Companies considering the adoption of generative AI now place greater importance on how it can be applied to actual work and generate results, rather than on the technology itself. With this selection as an Amazon Quick SI partner, MegazoneCloud will leverage its proven deployment and operations methodology to design an AI agent utilization model that fits an enterprise’s work environment and data structure, and implement agentic AI solutions that create tangible business results — from complex workflow automation to insight derivation — so that customers can experience real, faster, and more certain business outcomes.”

AWS GenAI IC connects enterprises with AWS AI/ML science advisory and strategy experts so they can envision, discover, and develop generative AI solutions. The center’s Partner Innovation Alliance (PIA) combines this support framework with MegazoneCloud’s broad industry domain expertise to solve the challenges enterprises face — such as operational inefficiencies, customer experience gaps, and stalled innovation — through scalable generative AI use cases.

MegazoneCloud serves as an enterprise AI orchestrator supporting the AI transformation (AX) and business innovation of some 8,000 customers in Korea and abroad. Based on its ecosystem of major global and domestic CSPs and more than 200 ISV partners, along with its own cloud, AI, data, and security solutions, MegazoneCloud provides end-to-end services — from AI strategy formulation to data building, infrastructure modernization, and the development and operation of AI models and AI agents — so that enterprises can effectively operate complex AI environments and generate business results in the multi-agent era. Under the vision of “Transform Tomorrow, Together,” the company has established itself as a strategic partner accompanying customers’ AI innovation and growth across 10 countries, including Korea as well as North America, Japan, Southeast Asia, Oceania, and the Middle East.

View original content:https://www.prnewswire.com/news-releases/megazonecloud-selected-as-amazon-quick-si-partner-by-aws-generative-ai-innovation-center-302849032.html

SOURCE MegazoneCloud

Growing international participation highlights the rapid convergence of drones, AI, robotics and autonomous technologies across Asia

BANGKOK, Aug. 12, 2026 /PRNewswire/ — Organized by GML Exhibition (Thailand) Co., Ltd., DronTech Asia 2026 is gaining momentum ahead of its third edition, taking place 11–13 November 2026 at IMPACT Exhibition & Convention Center, Thailand, with a growing international line-up of drone, unmanned systems and advanced technology companies confirming their participation.

The growth comes at an important time for the industry. The Asia-Pacific drone market was valued at approximately US$22.6 billion in 2025 and is projected to reach US$54.9 billion by 2033, representing a compound annual growth rate (CAGR) of 11.1%, according to Grand View Research. Growth is being driven by expanding commercial applications alongside increasing government and defense demand for unmanned capabilities.

The technology is also changing quickly. Artificial intelligence (AI), robotics, autonomous navigation, advanced communications, cybersecurity, propulsion, batteries and advanced materials are all playing a greater role in how drones are designed, operated and deployed.

DronTech Asia 2026 will bring these technologies together, connecting manufacturers and technology developers with government agencies, defense organizations, operators, system integrators and commercial users from across the region.

Global and Regional Technology Companies Join DronTech Asia 2026

The growing exhibitor line-up reflects the range of technologies now supporting modern unmanned systems.

Companies preparing to participate include T-MOTOR, a global developer of drone propulsion technologies; STM, whose technologies encompass tactical UAV systems, command and control and cybersecurity; Inertial Labs, a VIAVI Solutions Company, specializing in advanced navigation and positioning technologies; Grepow / Tattu Battery, providing advanced battery solutions for UAV applications; CHC Navigation, whose technologies span positioning, surveying, mapping and precision agriculture; and Thailand-based SDT Composites, producing high-performance carbon-fiber UAV structures.

“Exhibiting at DronTech Asia 2026 is an important opportunity for T-MOTOR to strengthen our presence in Southeast Asia and engage directly with the region’s growing drone ecosystem. The event brings together UAV manufacturers, technology developers, government agencies and industry professionals in one platform, allowing us to showcase our latest propulsion technologies, build new partnerships and better understand the evolving needs of the market. We look forward to being part of DronTech Asia 2026 and contributing to the continued advancement of the UAV industry in the region.”

– Maria Li, Project Manager T-MOTOR

“DronTech Asia 2026 provides an important platform for Inertial Labs, a VIAVI Solutions company, to connect with the rapidly evolving drone and unmanned systems ecosystem in Asia. As drones become increasingly integrated into commercial, public safety, and defense applications, reliable communications and resilient navigation are critical to ensuring safe and mission-ready operations. We look forward to showcasing how Inertial Labs’ groundbreaking inertial measurement solutions can support the development and deployment of next-generation UAS and Counter-UAS technologies.”

– Heather Vitner-Hurt, Senior Sales and Marketing Specialist Inertial Labs, a VIAVI Solutions Company

They will be joined by companies including Systronics, Thai Sky Vision, NAC Drone Industrial, Shenzhen Hobbywing Technology, Zhejiang Tianze Communication Technology, Icreativesystems, Zhuxun Intelligent Technology and L&S Advanced Equipment, further expanding the range of UAV platforms, components, communications, navigation and autonomous technologies represented at DronTech Asia 2026.

Together, these companies represent technologies across the UAV value chain – from airframes, propulsion and batteries to communications, navigation and autonomous systems.

AI and automation are also changing what unmanned systems can accomplish. Advances in computer vision, intelligent navigation, communications and autonomous decision-making are enabling drones to collect and interpret more information and undertake increasingly complex operations. Improvements in batteries, propulsion, lightweight materials and positioning are allowing UAVs to operate longer, carry more advanced payloads and perform more reliably in demanding environments.

“The drone industry is changing very quickly. We are seeing much greater integration of AI, robotics, autonomous navigation and advanced communications into unmanned systems,” said Mr. Manu Leopairote, Chairman of GML Exhibition (Thailand) Co., Ltd. “The companies joining DronTech Asia this year reflect that change. We want DronTech Asia to be where these different parts of the industry come together and where companies can build new business opportunities across the region.”

Connecting Commercial, Public Safety and Defense Applications

Many of these technologies are finding applications across both commercial and defense markets.

Across Asia, drones are increasingly being deployed for agriculture, surveying, mapping, infrastructure inspection and industrial monitoring, while governments continue to invest in unmanned technologies for surveillance, public safety, security and defense. These expanding applications are among the factors expected to drive continued growth in the Asia-Pacific drone market over the coming years.

DronTech Asia 2026 brings these communities together, giving visitors the opportunity to discover new technologies, compare solutions, meet manufacturers and developers, build partnerships and explore new applications for unmanned and autonomous systems.

Strong Industry and Government Support

DronTech Asia 2026 is supported by a broad network of government agencies, regulatory bodies, defense organizations and industry associations, reflecting the growing importance of unmanned technologies to Thailand and the wider region.

Official supporters include the Civil Aviation Authority of Thailand (CAAT), Digital Economy Promotion Agency (depa), Department of Agriculture, Defence Technology Institute (DTI), Geo-Informatics and Space Technology Development Agency (GISTDA), National Broadcasting and Telecommunications Commission (NBTC), Royal Forest Department, Thailand Convention and Exhibition Bureau (TCEB), Drone Association Thailand, Disaster Response Association Thailand, Thai Silicon and World UAV Federation, alongside other defense and industry organizations.

The breadth of support reflects the importance of drone technology across Thailand’s aviation, agriculture, digital economy, public safety and defense sectors.

With preparations accelerating toward November, DronTech Asia 2026 continues to welcome drone and robotics manufacturers, AI and autonomous technology developers, software companies, component manufacturers, cybersecurity specialists, communications providers and other technology companies seeking opportunities across Thailand and Southeast Asia.

Join the companies already preparing for DronTech Asia 2026 and be part of the technologies shaping the future of unmanned systems in Asia.

DronTech Asia 2026

11–13 November 2026
IMPACT Exhibition & Convention Center, Thailand

For more information, visit DronTech Asia.

Media & General Enquiries

Mr. Poom Saensiripong
Marketing & Graphic Designer
GML Exhibition (Thailand) Co., Ltd.
Email: poom@asiandefense.com

Sales & Sponsorship Opportunities

Ms. Natcha Lim
Sales Manager
GML Exhibition (Thailand) Co., Ltd.
Email: Natcha@asiandefense.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/drontech-asia-2026-brings-global-drone-and-autonomous-technology-companies-to-thailand-302848179.html

SOURCE GML Exhibition (Thailand) Co., Ltd.