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TROOPS, Inc. (NASDAQ: TROO) Announces Conditional Sales and Purchase Agreement with EFFORCE Group, Expanding into Multi-Vertical Digital Asset Infrastructure

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HONG KONG, Oct. 12, 2026 /PRNewswire/ — TROOPS, Inc. (NASDAQ: TROO) (“TROOPS” or the “Company”), a diversified conglomerate spanning financial technology and insurance services, today announced that it has entered into a conditional sales and purchase agreement with EFFORCE Group (“EFFORCE”).

This strategic combination unites TROOPS’ robust ecosystem with EFFORCE’s blockchain infrastructure and regulatory credentials. Founded by Apple co-founder Steve Wozniak, EFFORCE has established a strong presence in the digital asset and sustainability sectors through its focus on innovative technology-driven solutions. Mr. Wozniak remains a shareholder of EFFORCE following the transaction.

The proposed merger is intended to bring together complementary strengths across technology, regulatory compliance, business development, and market access. By combining their respective capabilities, the parties aim to create a stronger platform positioned to pursue opportunities across multiple segments of the evolving digital asset economy.

A Multi-Vertical Ecosystem: Beyond Crypto Trading

Through this merger, TROOPS is going to gain access to EFFORCE’s frameworks, expanding its operational scope beyond traditional cryptocurrency exchange capabilities into synergistic digital verticals including potential access to carbon credit and green certificate trading.

The combined group intends to leverage its expanded infrastructure and industry expertise to pursue opportunities spanning digital assets, sustainability-focused initiatives, financial services integration, and related technology-driven business models.

The transaction is expected to provide a foundation for future growth while enhancing the group’s ability to serve institutional and commercial clients across multiple markets.

Strategic Leadership Insights

“This merger represents a significant milestone for TROOPS as we continue to expand our digital asset infrastructure and diversified business platform,” said Damian Thurnheer, President and CEO of TROOPS, Inc. “The combination of EFFORCE’s technology, regulatory capabilities, and industry expertise with TROOPS’ existing operations creates new opportunities for growth, innovation, and value creation.”

Sergio Carloni, CEO of EFFORCE Group added, “The combination of EFFORCE’s licensing framework, digital asset expertise, and sustainability-focused initiatives with TROOPS’ market presence creates a strong foundation for future development across multiple business verticals. We believe the transaction will enable the combined group to explore new strategic opportunities while leveraging the strengths of both organisations.”

“The next phase of green technology will be defined by how effectively we connect investment with measurable impact. Our ambition with this proposed merger is to bring technology and access to capital, closer to the projects and businesses driving the energy transition. In carbon markets, lasting growth depends on confidence in what is being financed and traded. We must have credible projects, transparent information and verifiable outcomes.”

The integration is expected to accelerate revenue growth opportunities, diversify income streams, and support the creation of long-term value for TROOPS’ shareholders. Completion of the acquisition is subject to customary closing conditions, regulatory approvals and the fulfilment of conditions precedent as outlined in the sales and purchase agreement. The parties expect to work closely together to ensure a seamless integration process and to maximise the strategic benefits of the transaction for stakeholders of both organisations.

About TROOPS, Inc.

TROOPS, Inc. is a conglomerate group of various businesses with its headquarters based in Hong Kong. The group is principally engaged in (a) money lending business in Hong Kong providing mortgage loans to high quality target borrowers, (b) property investment to generate additional rental income and, (c) the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including API services by leveraging artificial intelligence, big data and blockchain, and cloud computing (SaaS), (d) advisory and referral services in relation to the application of migration, education and visa renewal to its customers, and (e) consultancy services for insurance products in respect of insurance referral to insurance brokers. The group’s vision is to operate as a conglomerate to build synergy within its own sustainable ecosystem thereby creating value to its shareholders.

For more information about TROOPS, Inc., please visit our investor relations website: www.troops.co

 

Safe Harbor and Informational Statement

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or similar expressions, are “forward-looking statements”. Forward-looking statements in this release include, without limitation, the effectiveness of the Company’s multiple-brand, multiple channel strategy and the transitioning of its product development and sales focus and to a “light-asset” model, Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors not all of which are known to the Company, which may include, without limitation, our ability to have effective internal control over financial reporting; our success in designing and distributing products under brands licensed from others; management of sales trend and client mix; possibility of securing loans and other financing without efficient fixed assets as collaterals; changes in government policy in China; China’s overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events, and other events and/or risks outlined in TROOPS’ filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and other filings. All information provided in this press release and in the attachments is as of the date of the issuance, and TROOPS does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/troops-inc-nasdaq-troo-announces-conditional-sales-and-purchase-agreement-with-efforce-group-expanding-into-multi-vertical-digital-asset-infrastructure-302905689.html

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Subeca Announces Backing by Burnt Island Ventures, Cycle H2O, and SUEZ to Bring Flexible Connectivity to Water Metering

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October 12, 2026

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Funding strengthens Subeca’s position as a leading provider of affordable smart water infrastructure and accelerates utility adoption across North America

CARY, N.C., Oct. 12, 2026 /PRNewswire/ — Subeca today announced approximately $3M in additional funding to further deliver hardware and software solutions for utility metering and net-zero sustainability metering. The Series A-2 was led by Burnt Island Ventures, the most active venture investor in the global water industry, with participation from Cycle H2O, a leading water technology venture fund, and SUEZ, a global water technology company, and several additional investors.

“Plenty of companies talk about disrupting the water industry. We’re actually doing it, and we’re doing it for the utilities and operators where legacy solutions have proven too complex and too costly. This funding fuels our rapid growth and our commitment to bringing real-time meter data to small and medium-sized utilities and hyperscalers, because every water provider deserves the tools to serve its customers and meet its sustainability goals,” said Anne Mushow, Chief Executive Officer of Subeca.

“We see the billion dollar opportunity around an unmet need for affordable smart meter infrastructure and AI-native software. Subeca is now live across 23 communities offering its bundled smart meter plus software package. We are so impressed with Anne and her team as they continue to impress as they deliver on their vision of smart water meters for all,” said Christine Boyle, General Partner at Burnt Island Ventures.

Subeca’s differentiated offering provides simple, easy-to-deploy options for the more than 51,000 utilities and businesses in the US that have been locked out of the benefits of advanced metering technology due to the cost and complexity of legacy technology solutions. Produced in Cary, North Carolina, Subeca’s communication module utilizes Amazon’s Sidewalk network, a free communications network that covers more than 90% of the US population as well as parts of Canada and Mexico, to help customers proactively manage water infrastructure and detect and resolve water leaks early.

The investment further strengthens Subeca’s existing ecosystem of strategic water industry partners. Since its Series A financing, the company has built relationships with leading organizations across water technology, digital infrastructure, and utility operations, creating a strong foundation for future growth.

In addition to providing growth capital, new investor Cycle H2O brings a uniquely strategic combination of investment expertise, industry relationships, and commercial networks focused exclusively on the water sector. Through its close partnership with H2O Innovation, one of North America’s leading water solutions providers, Cycle H2O offers Subeca access to a broad network of municipal and industrial water customers, technical expertise, and market development opportunities.

“We are proud to support Subeca, whose platform addresses one of the most important challenges facing the water sector: making digital water management solutions accessible and affordable for utilities of all sizes. Through Cycle H2O, under Simon Olivier’s leadership, we are pleased to join as a new investor in Subeca’s practical, scalable innovation. Their technology, which helps utilities detect leaks, conserve water and cut operating costs, aligns perfectly with our thesis of backing technologies that accelerate the sustainable transformation of essential industries,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.

Subeca’s 2024 Series A raised $6M led by SUEZ, with additional investment by Burnt Island Ventures and Amazon’s Climate Pledge Fund, Amazon’s sustainability-focused corporate venture fund.

View original content to download multimedia:https://www.prnewswire.com/news-releases/subeca-announces-backing-by-burnt-island-ventures-cycle-h2o-and-suez-to-bring-flexible-connectivity-to-water-metering-302905734.html

SOURCE Subeca

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XGIMI HORIZON 30 Series Brings Smoother, Sharper Entertainment to Life with 4K 120Hz

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41 minutes ago

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October 12, 2026

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New HORIZON 30 Series projectors deliver bright images, deep contrast and smooth 4K 120Hz performance with flexible setup for movies, sports, gaming and more.

CHENGDU, China, Oct. 12, 2026 /PRNewswire/ — Following its first preview at IFA 2026, XGIMI, a global leader in premium smart projection and home entertainment, today announced the HORIZON 30 Series, the new generation of high-performance home projectors designed to make big-screen entertainment work for more of what people watch – and more of the rooms they watch it in.

Available in three models – HORIZON 30 Pro, HORIZON 30 Max and HORIZON 30 Ultra Max – the new series combines RGB Triple Laser technology with up to 6,000 ISO lumens of brightness, native contrast up to 10,000:1, and 4K 120Hz performance.

Compared to the HORIZON 20 Series, the new collection delivers seven times the native contrast, and twice the refresh rate – helping pictures stay brighter in rooms with ambient light, revealing greater depth in dark scenes, and making fast-moving content look smoother.

Picture Perfect, Day or Night

Great entertainment shouldn’t wait until the lights go down. The HORIZON 30 Series is designed to adapt as the room, content, and occasion change.

Powered by an RGB Triple Laser light source, the series reaches up to 6,000 ISO lumens, helping maintain a bright, vibrant picture for afternoon sports, weekend gaming, or everyday TV. When the room gets darker, native contrast of up to 10,000:1 brings greater depth and detail to shadows, giving movies and cinematic content a richer sense of dimension.

A Dual Intelligent Iris System automatically adjusts light as scenes change, bringing out more detail in both bright highlights and deep shadows. XGIMI’s 19-element optical system is engineered for edge-to-edge clarity, while Dolby Vision, HDR10+ and IMAX Enhanced help deliver richer color, contrast and detail across movies, shows, and more.

The result is a projector that transitions naturally from daytime entertainment to nighttime viewing.

Every Frame, in Full Flow

While high refresh rates are often associated with gaming, the HORIZON 30 Series puts 4K 120Hz to work across everyday entertainment. The higher refresh rate keeps motion fluid and easy to follow, from tracking the ball during live sports and following fast-paced action in films to gaming with less delay between the controller and screen.

It also gives movies special treatment. The HORIZON 30 Series can display cinema’s native 24fps content evenly at 120Hz, helping films retain smooth, natural motion. When it’s time to game, low latency and support for VRR, ALLM and AMD FreeSync help make the same screen ready for faster, more responsive play.

Users don’t have to choose between a projector made for movies, sports, or gaming – the HORIZON 30 Series is built around all three.

A Big Screen, On Your Terms

The HORIZON 30 Series brings the big-screen experience home without the need for a dedicated theater space, with a flexible design made to work around the room that’s already there. Its integrated stand can tilt and rotate, while optical zoom and lens shift provide more freedom to position the picture without requiring the projector to sit directly in front of the screen. Lens Memory can even save up to five custom setups, making it easier to move between everyday TV and ultra-wide movies.

Once in place, XGIMI’s Intelligent Screen Adaptation technology takes care of much of the setup automatically, adjusting the picture to fit the screen and its surroundings with minimal effort from the user.

Built-in Google TV puts movies, shows, and streaming apps in one place, while dual 12W Harman Kardon speakers with DTS Virtual:X create a more immersive, surround-like sound experience without the need for additional speakers, bringing the big screen, streaming, and audio together in one streamlined setup.

The HORIZON 30 Series at a Glance

MODEL

HORIZON 30 Pro

HORIZON 30 Max

HORIZON 30 Ultra Max

Price

$2,499

$2,999

$3,499

Pre-Order Price

$1,899

$2,499

$2,999

Light Source

RGB Triple Laser

RGB Triple Laser

RGB Triple Laser

Brightness

4,800 ISO Lumens

5,300 ISO Lumens

6,000 ISO Lumens

Native Contrast

8,000:1

9,000:1

10,000:1

Refresh Rate

4K 120Hz

4K 120Hz

4K 120Hz

Sound

2 x 12W Harman Kardon

2 x 12W Harman Kardon

2 x 12W Harman Kardon

Pricing & Availability

The XGIMI HORIZON 30 Series is available for pre-order beginning October 12 through October 31 at XGIMI.com, with open sales beginning November 1. During the pre-order period, HORIZON 30 Pro is available for $1,899, HORIZON 30 Max for $2,499, and HORIZON 30 Ultra Max for $2,999.

All pre-orders include a choice of an XGIMI Floor Stand (Elephant Grey) or Ceiling Mount, two pairs of 3D glasses, and a $500 coupon toward the XGIMI Ascend Screen.

For more information, visit xgimi.com.

About XGIMI

Since 2013, the state-of-the-art XGIMI projectors have helped countless people worldwide to create genuinely immersive audio-visual experiences. Working with reputable partners like Google, Harman Kardon, and Texas Instruments, XGIMI builds all-in-one entertainment devices, perfected due to their user-oriented philosophy. Through industry-leading innovation, streamlined setups, and unique designs, XGIMI always strives to develop the best home and portable projectors for everyone to enjoy. XGIMI is also expanding their expertise into commercial projector technology to bring immersive experiences to more spaces. Learn more at XGIMI Projector Technology.

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SOURCE XGIMI

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Syrenis Named a Niche Player in the 2026 Gartner® Magic Quadrant™ for Privacy UX

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October 12, 2026

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Enterprise consent and preference management helps marketing teams know exactly what customer data they can use, and for what purpose

ATLANTA, Oct. 12, 2026 /PRNewswire/ — Syrenis, the enterprise consent and preference management company, today announced it has been named a Niche Player in the 2026 Gartner Magic Quadrant for Privacy UX. This is the first Magic Quadrant Gartner has published for the Privacy UX market.

Gartner defines the privacy user experience (UX) as “the components of an organization’s privacy program that directly touch an individual.” For enterprise marketing teams, customer consent determines how much of their data they can put to work. That information is usually scattered across CRM, marketing automation, web and data platforms. As a result, campaigns stall in review, audiences shrink to whatever feels safe, and every new channel raises the same question about what the team is allowed to use.

The Syrenis Platform answers that question. It records every consent and preference by purpose, channel and brand, and keeps that record in sync across the systems where campaigns are built. Global enterprises in automotive, pharmaceuticals, life sciences and more use Syrenis to run multi-brand, multi-jurisdiction preference programs from a single source of truth.

“Most marketing leaders can’t say with confidence which customer data they’re cleared to use, and that uncertainty costs them growth,” said Adam Binks, CEO of Syrenis. “We’ve built the Syrenis Platform around solving that one problem, so every choice a customer makes is captured accurately, honored in every system and ready for the marketing team to act on. We believe being named a Niche Player reflects that focus, and it’s where we’ll keep investing.”

Syrenis expanded into North America in 2026 with a dedicated U.S. go-to-market team in Atlanta, serving enterprises managing consent across multiple brands and jurisdictions.

To read a complimentary copy of the report, visit syrenis.com/gartner-mq-privacy-ux.

Gartner, Magic Quadrant for Privacy UX, Shadrock Roberts, Stefan Dumitrescu, Bernard Woo, 6 October 2026.

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a trademark of Gartner, Inc. and/or its affiliates. Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

About Syrenis

Syrenis is an enterprise consent and preference management platform, built for depth. Rather than spreading across every corner of privacy, Syrenis focuses on the part individuals actually experience: their consent, their preferences and their privacy rights.

Designed for complex, regulated global environments, the Syrenis Platform orchestrates consent, preferences and privacy rights across brands, jurisdictions and tech stacks in real time. It gives privacy, marketing and IT teams an auditable, scalable and customizable foundation they can trust, and gives privacy leaders the control and visibility to turn compliance into a driver of growth.

Syrenis believes privacy can be an engine for growth: a foundation for better buying journeys, lasting customer trust and loyalty. Today Syrenis manages almost 2 billion data records worldwide and works with some of the most complex, highly regulated enterprises in the Fortune 500. The company is headquartered in Daresbury, U.K., with a US office in Atlanta, Georgia.

For more information, visit www.syrenis.com.

Media contact: 

Lindsay Mahaney
syrenis@meetkickstand.com

View original content:https://www.prnewswire.com/news-releases/syrenis-named-a-niche-player-in-the-2026-gartner-magic-quadrant-for-privacy-ux-302905375.html

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