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MGI Tech’s DNBSEQ-E25 and G99 Platforms Set Record for Sequencing Applications on Mount Everest

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SHENZHEN, China, June 2, 2024 /PRNewswire/ — MGI Tech Co., Ltd. (“MGI”), a company committed to building core tools and technologies that drive innovation in life science, recently set a new record for sequencing applications by successfully running sample testing on its cutting-edge DNBSEQ-E25 and DNBSEQ-G99 platforms on Mount Everest. In addition to withstanding extreme conditions, the two sequencers showcased superior performance with high data quality, reliability and stability.

Last week, MGI’s E25 and G99 sequencers accompanied a scientific team in their expedition towards Mount Everest from the north ridge. At an altitude of 5,200 meters, the E25, with its compact and portable design, easy operation, and low requirements for the operating environment, assisted researchers in sample testing and presented high-quality multi-omics data. Previously, it followed the “Exploration One” research vessel into the Mariana Trench area conduct scientific research.

Under the challenging condition of 5°C, which is difficult for conventional sequencers to withstand, the DNBSEQ-E25 successfully operated stably. A single SE100 sequencing run took only 5 hours, with a Q30 value exceeding 90%, a low error rate, and the quality of the output data meeting the requirements for bioinformatics analysis.

DNBSEQ-E25 is a lightweight, user-friendly standalone sequencer whose operation is not limited by location. With a daily data throughput of up to 7.5 G, the E25 incorporates a microfluidic chip, an integrated CMOS detection module, self-luminous dye, and built-in bioinformatics. Its ease of setup means it is ready to run within minutes and takes only 20 hours for PE150 from DNB to FASTQ data, enabling quick turnarounds and demonstrating great cost-effectiveness.

Similarly, the G99, one of the fastest sequencers in the world among those with mid-low throughput, was also put to the test in extreme environments. During the expedition, the desktop sequencer was unpacked, turned on, debugged, and cleaned amidst high altitudes. Following more than six rounds of comprehensive assessments in low pressure and thin oxygen environments, G99 showed precise control of temperature and humidity within the instrument and ensured high-quality data output.

The total reads for the G99 ranged from 116M to 134M, with Q30 reaching 95% and Q40 reaching 90%, and a low error rate. The generated data was able to meet the requirements for subsequent bioinformatics analysis. In a 12-hour PE150 sequencing run, the G99’s data output matched the performance achieved at lower altitudes.

This groundbreaking achievement has mass implications for clinical and scientific research in plateau areas, ranging from biodiversity research to ecosystem research, paleontology and paleoenvironment studies, and plateau population genetics research. By sequencing on a compact sequencer like the E25 or an ultra-fast platform like the G99, researchers can optimize the decryption of relevant plateau sample information in the shortest time, while minimizing the impact of factors such as sample degradation.

“The outstanding performance of MGI’s E25 and G99 sequencers at high altitude has not only pushed the boundaries of sequencing technology and opened up new frontiers, but also demonstrates their capabilities as tools for future biomedical research in extreme environments.,” said Duncan Yu, President at MGI. “With a strong commitment to accelerating life science research and discoveries, we will continue to empower researchers and scientists by delivering the best of our innovation.”

Squashing the common beliefs that gene sequencing demands highly controlled environmental parameters, MGI’s DNBSEQ-E25 and DNBSEQ-G99 sequencers, both available globally, exemplify the company’s pursuit of excellence as it strives to continuously explore the limits of technology.

For more information, please visit https://en.mgi-tech.com/.

About MGI

MGI Tech Co., Ltd. (or its subsidiaries, together referred to MGI) is committed to building core tools and technologies that drive innovation in life science. Our focus lies in research & development, manufacturing, and sales of instruments, reagents, and related products in the field of life science and biotechnology. We provide real-time, multi-omics, and full spectrum of digital equipment and systems for precision medicine, agriculture, healthcare and various other industries. Founded in 2016, MGI has grown into a leader in life science, serving customers across six continents and have established research, manufacturing, training, and after-sales service facilities globally. MGI stands out as one of the few companies capable of independently developing and mass-producing clinical-grade gene sequencers with varying throughput capacities, ranging from Gb to Tb levels. With unparalleled expertise, cutting-edge products, and a commitment to global impact, MGI continues to shape the trajectory of life sciences into the future. To learn more, please visit https://en.mgi-tech.com/, LinkedIn, X, and YouTube.

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SOURCE MGI

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CCBank Launches Quill Bank to Deliver Banking Expertise to Fintechs

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Quill Bank delivers decades of banking expertise directly to fintechs seeking a credible, consistent, and experienced bank.

PLEASANT GROVE, Utah, June 2, 2026 /PRNewswire/ — CCBank is excited to announce the launch of Quill Bank, a distinctive, modern brand designed to serve the fintech banking vertical and bring innovative financial products to market with efficiency and broad appeal. Quill Bank is created specifically to meet the needs of tech-forward financial companies seeking a trusted brand backed by the bank’s regulatory, operational, and relationship-banking expertise.

Quill Bank is designed around the proposition that technology with a human touch ensures the best products and services are delivered to consumers in a safe and compliant manner. The name Quill, a reference to an antique writing instrument, reflects our intention to emphasize thoughtful, relationship-driven banking within a high-tech digital fintech space. The brand’s positioning, “Your fintech, our banking backbone,” also shows our commitment to providing fintech companies with a seasoned, dependable partner standing with them.

“The fintech space is driven by innovation, but innovation without a solid banking backbone can be a liability. Quill Bank exists because the fintechs we work with deserve a brand that reflects the institution standing behind them, one with tested experience, real relationships, and know-how. We’re delivering Quill to be the type of bank that makes fintech programs not just possible but credible,” said Andrew Cusick, CCBank’s Chief Development Officer.

“We’ve always believed that banking done right is built on relationships and reputation. Quill Bank is our way of bringing that philosophy to the fintech sector,” added Mike Watson, CCBank’s Chief Executive Officer. “As we grow and evolve, Quill gives our fintech programs a dedicated identity that speaks their language while drawing on everything we’ve built over the last few decades. We’re thrilled about the future the Quill brand makes possible for us.”

Quill Bank’s launch is effective on June 30, 2026, when the Quill.Bank website will go live. Fintechs interested in learning more about Quill Bank can contact Andrew Cusick at (801) 705-4383 or andrew.cusick@ccbank.com

About CCBank –

Founded in 1993, CCBank is a community-focused financial institution with branch offices located in Salem, Provo, Orem, Pleasant Grove, Sandy, Spanish Fork, and St. George to serve the banking needs of Utah residents and businesses. The bank prides itself on being a longstanding community bank headquartered in Pleasant Grove and focused on Utah communities’ financial and social health through its industry-leading rates, personalized service, financial technology, and quick decisions made at the local level. CCBank is an Equal Housing Lender | Member FDIC. Online: https://ccbank.com.

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SOURCE Capital Community Bank

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Spenn, Norwegian Reward and Strawberry Successfully Go Live on GRAVTY® to Power the Nordics’ Next-Generation Loyalty Ecosystem

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The launch establishes a new benchmark for loyalty ecosystems in the Nordics, connecting millions of members across leading travel, hospitality, and retail brands.

LONDON, June 3, 2026 /PRNewswire/ — Loyalty Juggernaut, creator of GRAVTY®, the world’s leading cloud-native, enterprise growth platform, today announced at the Loyalty Summit EMEA the successful go-live of Spenn, Norwegian Reward, and Strawberry on GRAVTY®, enabling one of the most ambitious loyalty ecosystem initiatives in the Nordics. The milestone underscores GRAVTY®’s position as a leading loyalty platform in Europe’s hospitality, travel, and retail sectors.

Spenn was launched with the ambition of creating a shared loyalty points system designed to make earning and using rewards simpler, more flexible, and more relevant across brands, beginning with Norwegian and Strawberry, and expanding to additional ecosystem partners over time. Together, the programs serve millions of members across the Nordic region and reflect a broader industry shift toward interconnected loyalty ecosystems that create value for both consumers and participating brands.

Built on GRAVTY®, the platform enables real-time loyalty transactions, ecosystem-wide engagement, partner-led innovation, personalized experiences, and scalable growth across multiple brands and industries. The implementation provides the technological foundation required to support the continued expansion of the Spenn ecosystem and its growing network of partners.

“Spenn was created to challenge traditional loyalty models and give customers greater flexibility, simplicity, and value across the brands they engage with every day,” said Christoffer Sundby, CEO of Spenn. “Launching on GRAVTY® gives us a highly scalable technology foundation that enables us to accelerate innovation, expand our ecosystem, and create richer experiences for participating brands’ customers.”

“Our vision has always been to make our loyalty programme as relevant and valuable as possible for our Norwegian Reward members. By modernising our technology platform, we are taking an important step towards providing an even better and more flexible offering. This strengthens the connection between travel and everyday rewards, and gives us the flexibility needed to continue developing the experience with new benefits for the years to come,” said Cecilie Nybø Carlsen, Vice President Products & Customer Experience, Norwegian. 

“Strawberry has consistently focused on creating exceptional guest experiences and building deeper relationships with our members,” said Håvard Hovdahl, VP Spenn & Partnerships, Strawberry. “With GRAVTY® powering our loyalty operations, we are well positioned to expand the possibilities of Spenn and deliver greater value, flexibility, and personalization to our guests across the Nordic region.”

“The launch of Spenn required a platform capable of supporting complex ecosystem dynamics, high transaction volumes, real-time interoperability, and rapid partner onboarding,” said Kristian Kolstad, Chief Product and Technology Officer at Spenn. “GRAVTY® provided the architectural flexibility, scalability, and modern capabilities necessary to bring our vision to life and support our future growth ambitions.”

“We are honored to partner with Spenn, Norwegian Reward, and Strawberry on one of the most innovative loyalty transformations in the industry today,” said Shyam Shah, CEO of Loyalty Juggernaut. “The future of loyalty lies in ecosystems, interoperability, intelligent engagement, and customer-centric value creation. The successful launch of these programs on GRAVTY® demonstrates the power of modern loyalty technology to enable entirely new business models and customer experiences.”

About Loyalty Juggernaut

Headquartered in Palo Alto, California, with subsidiaries in India, the UAE, China, and Canada, Loyalty Juggernaut serves leading brands across 110 countries. Its flagship platform, GRAVTY®, is an award-winning, AI-enabled, patented enterprise growth platform that powers over 80 loyalty programs across airlines, hospitality, retail, financial services, telecommunications, multi-brand business conglomerates, and other industries. Rated a Strong Performer in the Forrester Wave™ for Loyalty Technology Solutions, Q4 2025, GRAVTY® enables organizations to build, manage, scale, and monetize modern loyalty ecosystems while delivering highly personalized customer experiences.

About Spenn Group

Spenn Group is a technology company building and operating a loyalty platform with flexible points, jointly owned by Norwegian Air Shuttle, Strawberry Hotel Group and Reitan Retail. Spenn Group provides shared, flexible points that flow freely across a range of leading consumer brands, including Norwegian, Strawberry Hotels, Uno-X, 7-Eleven, Narvesen, and REMA 1000, enabling cross-brand earn and redemption while preserving each brand’s individual loyalty program. Spenn Group’s founding partners collectively represent over $20 billion in Nordic turnover.

About Norwegian Reward

Norwegian Reward is the loyalty program of Norwegian, a leading Nordic aviation company. The group includes two prominent airlines in the Nordics: Norwegian Air Shuttle (Norwegian) and Widerøe’s Flyveselskap (Widerøe). Members of Norwegian Reward earn benefits when flying with either Norwegian or Widerøe, and also from a growing ecosystem of lifestyle and travel partners. The Norwegian Group operates an extensive network of domestic routes across the Nordic countries, in addition to connecting the region with key destinations all over Europe.

About Strawberry

Strawberry is one of the largest hotel groups in the Nordic countries, operating more than 250 hotels across the Nordics under brands including Clarion, Quality, Comfort, Stopover and Home Hotels, in addition to a portfolio of independent brands. Strawberry’s loyalty program rewards members for stays, dining, and experiences across its portfolio, with a vision to build lasting relationships that extend far beyond the hotel stay.

Media Contact:

media@lji.io

www.lji.io

#FFP #TravelLoyalty #LoyaltyEcosystems #CustomerLoyalty #Spenn #LoyaltyJuggernaut #GRAVTY

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BlockBooster Digital Venture Fund I Invests $10 Million as Anchor Investor in SignalPlus’ $50 Million Series B1 Round

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ROAD TOWN, British Virgin Islands, June 3, 2026 /PRNewswire/ — BlockBooster, a full-stack alternative asset management firm, announced today that its Digital Venture Fund I invested $10 million in SignalPlus, an institutional-grade crypto derivatives infrastructure platform, anchoring the company’s $50 million Series B1 financing round, with Goldman Sachs serving as sole financial advisor.

SignalPlus operates the industry’s leading trading terminal for institutional digital asset options and derivatives, trusted by the largest market makers, exchanges, and trading institutions worldwide. The company is now extending its institutional-grade infrastructure into traditional finance and preparing to launch SignalPlus 2.0, a platform upgrade that brings agentic AI into the trading workflow.

“This investment reflects our conviction that institutional capital will flow into digital assets through credible, institutional-grade infrastructure,” said Samuel Gu, Founder and CEO of BlockBooster. “SignalPlus is one of the most established teams in digital asset derivatives, and we are excited to support their next stage of growth.”

The investment in SignalPlus is aligned with BlockBooster’s strategy of backing category-defining infrastructure at the intersection of AI and digital asset markets, with a focus on trading, asset management, and tokenization primitives that can scale across both crypto-native and traditional financial institutions.

“SignalPlus has built the leading institutional infrastructure for digital asset derivatives, and we are now expanding globally and into traditional finance. We’re pleased to welcome BlockBooster, a full-stack alternative asset manager with deep institutional reach and expertise across tokenization and on-chain finance, and we look forward to working closely as we enter our next phase,” said Chris Yu, Co-Founder and CEO of SignalPlus.

BlockBooster is investing from its first fund, a $50 million Digital Venture Fund I focused on four core verticals: AI infrastructure, on-chain trading ecosystems, on-chain asset management, and real-world asset (RWA) tokenization.

About BlockBooster

BlockBooster is a next-era alternative asset management firm for the digital age. The firm leverages blockchain technology to invest in, incubate, and manage the core assets of this new era, from Web3-native projects to real-world assets (RWA). As value co-creators, BlockBooster is dedicated to unlocking the long-term potential of these assets, capturing exceptional value for its partners and investors in the digital economy.

About SignalPlus

Headquartered in Hong Kong, SignalPlus builds institutional-grade derivatives trading infrastructure for the converging capital markets. Its platform provides professional options analytics, real-time risk management, and execution tools to hedge funds, market makers, proprietary trading desks, and asset managers across digital and traditional financial markets. The company partners with the industry’s leading exchanges and trading institutions, and is backed by HashKey Capital, AppWorks, Tencent, and other prominent technology and financial investors.

 

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SOURCE BlockBooster

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