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Covestro LLC and Carlisle Construction Materials Lead the Way in Sustainable Construction Using Bio-attributed Materials

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Covestro to supply MDI with bio-circular attributed raw materialsCarlisle Construction Materials will produce polyurethane building insulation using bio-circular MDIMaterial based on ISCC PLUS certified sustainable raw materials has a CO2 reduction potential of 99%1 compared to fossil-based product

PITTSBURGH, Aug. 16, 2024 /PRNewswire/ — Buildings and the built environment account for nearly 40% of energy use in the U.S. Architects, builders and building owners know that energy efficiency is a critical component of a sustainable future. To that end, Covestro and Carlisle Construction Materials (Carlisle) are collaborating to bring bio-circular products to the construction industry.

Covestro will supply Carlisle with methylene diphenyl diisocyanate (MDI)1 that is based on ISCC PLUS certified mass balanced bio-circular raw materials and features up to a 99% lower product carbon footprint than fossil-based MDI.1 It specifically has a CO2 reduction potential of 2.4 KG per KG of MDI produced2. This will enable Carlisle to produce its high-performance polyiso insulation boards with lower embodied carbon.

The collaboration between Covestro and Carlisle extends a legacy of joint innovation in the construction industry that spans decades. As sustainability targets for the built environment stand to increase, the two companies are prepared to develop and introduce the next generation of insulation materials.

“Covestro’s vision to become fully circular requires R&D advancements that directly support the scope 3 goals of our customers, like Carlisle,” said Hermann-Josef Doerholt, global head of Performance Materials at Covestro. “Covestro has some of the most aggressive sustainability and climate targets in the chemical industry, and the further we progress in developing solutions to achieve them, the more the effects resonate along the supply chain.”

Covestro will supply its Mondur® CQ 489 MS isocyanate to Carlisle. The CQ, or “Circular Intelligence” designation represents a broad family of Covestro’s circular products with an attribution of at least 25 percent alternative raw materials derived from biomass or recycled plastics.

Carlisle Construction Materials, a global leader in building envelope solutions, aims to be net zero by 2050. Carlisle will produce its bio-based rigid foam insulation, which contains 5% bio-circular content, for the SynTec, Versico, Hunter Panels and WeatherBond brands. This state-of-the-art bio-based insulation is the latest addition to Carlisle Construction Materials’ portfolio of sustainable building products.

“Carlisle Construction Materials has always been at the forefront of developing high-performance construction products that lead the way in sustainability,” said Steve Schwar, President of Carlisle Construction Materials. “With our new bio-based rigid foam insulation, we are demonstrating our unwavering commitment to environmental responsibility while ensuring that our customers have access to the most advanced building materials available. Our partners play a pivotal role in the realization of our bio-based isolation,” added Steve. “Together, we’re not only pushing the boundaries of material science, but also supporting the construction industry’s transition to a more sustainable future.”

“At Covestro, we have long understood the unparalleled performance attributes of polyurethane insulation,” said Julia Rubino, head of sales for Performance Materials at Covestro North America. “The ability to provide an innovative, bio-circular raw material solution to a long-time partner and a leader in the construction industry, like Carlisle, shows that future-focused sustainable solutions are available today.”

Covestro has ISCC PLUS certified facilities in every major global market, including its manufacturing facility in Baytown, Texas. In support of its vision to be fully circular, Covestro aims to be operationally climate neutral (scope 1 and scope 2) by 2035 and climate neutral for scope 3 by 2050. The company currently has hundreds of circular CQ products and is continuously expanding its product portfolio.

1 Exact percentage depends on the amount of allocated raw material.

2 Bio-circular attributed MDI contains ~60% ISCC PLUS certified feedstock. The calculation is based on Covestro-specific production and supply chain data, replacing fossil raw material with ISCC PLUS certified renewable feedstock via the mass balance approach.

About Covestro:

Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself. 

The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.4 billion in fiscal year 2023. At the end of 2023, the company had 48 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

About Carlisle:

Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.

Find more information at the Covestro Homepage
Read our Corporate Blog.
Follow us on the Covestro Social Media Channels:
X: https://twitter.com/CovestroUS
Facebook:https://www.facebook.com/covestro/
YouTube: https://www.youtube.com/channel/UCt0O5lTN3Nw4cGd43DgeIlQ
LinkedIn: https://www.linkedin.com/company/covestro

Forward-looking statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Mondur® is a registered trademark of Covestro Group.

Contact
Alice Sox
Telephone
+1 412 961 6014
EMail
alice.sox
@covestro.com

Carlisle
Communications

Contact
Alex Drescher
Telephone
717.960.4402
EMail
Alex.Drescher
@carlisleccm.com

 

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SOURCE Covestro

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STARTRADER Launches ‘STAR Trading League,’ an NBA-Inspired Global Trading Tournament

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NBA-inspired tournament challenges traders worldwide through three competitive stages: Toss, Knockout, and Buzzer-Beater.

DUBAI, UAE , May 11, 2026 /PRNewswire/ — STARTRADER, an official partner of the NBA, has announced the STAR Trading League, a global team-based tournament uniting traders in a structured, performance-driven environment. Registration runs from 11–28 May, participants select one of 30 teams via the client portal ahead of the 1 June start. The competition runs through 31 July across three stages, concluding with a single winning team, while the top two traders on the team will win tickets to an NBA game along with additional rewards.

Built around the campaign theme ‘Hit the Markets Buzzer Beater,’ the tournament draws inspiration from the decisive final shot in basketball, highlighting how success in both sports and trading often depends on precision and timing at the right moment.

The journey begins with the Toss, the entry stage of the regular season where participants begin competing. Similar to a basketball tip-off, this phase allows traders to position themselves for an early advantage, with performance determining which teams advance and setting the tone for the competition ahead.

The second stage, Knockout, introduces performance-based elimination, requiring teams to demonstrate consistency and strong trading strategies to remain in the tournament. As pressure rises, only teams maintaining strong results advance. This stage begins with the playoff rounds, followed by the quarterfinals.

The final stage, Buzzer-Beater, brings together the top-performing teams for the decisive rounds, beginning with the semifinals, where four teams compete for a place in the next phase. The tournament then advances to the MVP Finals, where the remaining two teams face off for the title. Victory belongs to those who perform with precision and composure in decisive moments.

Participants will compete for rewards throughout each stage of the tournament, with top-performing teams recognized along the way. The winning team of 10 traders may be eligible for tiered rewards, with prizes awarded to qualifying participants. The top two winners will receive premium rewards, including an NBA game ticket, a STARTRADER exclusive basketball, an NBA Store voucher, and a $10,000 cash prize.

“Our partnership with the NBA opened the door to bringing the excitement of sport into trading. With the STAR Trading League, we wanted to build an experience that engages our global community and encourages traders to test their skills in a dynamic, competitive environment.” — Peter Karsten, Chief Executive Officer, STARTRADER

Through the STAR Trading League, launched in collaboration with the NBA, STARTRADER brings its global trading community into a competitive environment where discipline, strategy, and decisive action drive success, reflecting its ambition to deliver innovative trading experiences within a trusted and reliable ecosystem.

About STARTRADER

STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STAR-APP, and STAR-COPY.

Regulated across five jurisdictions (CMA, ASIC, FSCA, FSA, and FSC), STARTRADER combines strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

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View original content:https://www.prnewswire.co.uk/news-releases/startrader-launches-star-trading-league-an-nba-inspired-global-trading-tournament-302767957.html

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Longbridge Names Gavin Chia as Singapore and Regional CEO, Southeast Asia, Marking a New Chapter for the AI-powered digital Brokerage

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SINGAPORE, May 11, 2026 /PRNewswire/ — Longbridge, the AI-powered digital brokerage, has appointed Gavin Chia as Singapore and Regional CEO, Southeast Asia, effective 5 May 2026. Chia brings more than 18 years of experience in financial services and was instrumental in building moomoo Singapore from a startup into one of the country’s leading retail brokerages.

The hire is the most senior local appointment Longbridge has made since and comes as the firm consolidates a series of strategic moves, including obtaining a Capital Markets Services licence from the Monetary Authority of Singapore (MAS) and announcing its first physical location — into a coherent push for market leadership in the region.

An Executive Move with Industry Significance

Singapore is one of Asia’s most fiercely competitive digital brokerage markets, with several leading platforms, such as Longbridge, moomoo, Tiger Brokers and Webull. Industry observers are largely in agreement that in the next few years, the landscape will be shaped by AI and technological capability, and the ability to localize and adapt to each country’s local environment.

With Gavin joining Longbridge, this clearly demarcates Longbridge’s dedication towards improving on both fronts.

A Proven Builder for a New Growth Phase

Gavin Chia is one of Singapore’s most experienced digital brokerage executives. As moomoo’s CEO in Singapore, he led the business from inception to become one of the leading digital brokerages in the market. He subsequently served as CEO of IG Singapore & Emerging Markets, deepening his track record of driving growth, product expansion, and market leadership across the region.

His deep familiarity with the MAS regulatory landscape, local retail investor behaviour, and the operational realities of scaling a brokerage in Southeast Asia makes him a highly strategic appointment for Longbridge at this stage of its growth.

At Longbridge, Gavin will have full ownership of operations, regulatory affairs, product localization, and team-building across Singapore and Southeast Asia.

“What attracted me to Longbridge is its strong technology foundation and clear ambition to redefine the brokerage experience through AI. I see a strong alignment between Longbridge’s vision and my own belief that the future of investing lies at the intersection of technology, product innovation, and user experience. The opportunity to build and scale this in the region, together with a forward-looking team, was particularly compelling.”

— Gavin Chia, Singapore and Regional CEO, Southeast Asia, Longbridge

What “AI-First” Means in Practice

For Gavin, an AI-first brokerage goes beyond a product feature, it is a foundational philosophy about how the entire client experience is designed and delivered.

“To me, an AI-first brokerage is one where AI is not just a feature, but embedded across the entire client journey, from onboarding and education, to idea generation, execution, and risk management. AI is fundamentally reshaping how people invest. It lowers the barrier to entry by simplifying complex information, enables more personalised insights at scale, and helps investors make more informed decisions in real time. Over time, we hope to see investing become more intuitive, data-driven, and accessible, where technology augments, rather than replaces, human judgement.”

— Gavin Chia, Regional CEO, Southeast Asia, Longbridge

Longbridge is among a small number of digital brokerages globally to have embedded AI at the product architecture level, across investment research, trading assistance, and customer insights. This commitment to innovation extends beyond AI. Longbridge made history in 2025 by launching the world’s first U.S. stock options pre-market trading, a milestone that underscores its position at the frontier of brokerage technology. A central part of Gavin’s mandate will be to bring these capabilities to investors across Southeast Asia, in a form that is locally relevant and meets the regulatory requirements of each market.

“We are delighted to have Gavin on board. Over the past few months, we have laid a great deal of groundwork for this Singapore chapter, including our MAS licence, platform infrastructure, product suite, and the Longbridge Cafe Singapore physical space. But to weave all of that into a business that is truly rooted locally, we needed a leader who both understands Longbridge’s global vision and is deeply familiar with Singapore’s local landscape.”

— Nowa Zhu, Group CEO, Longbridge

Longbridge’s Growing Footprint in Singapore

Gavin’s appointment is the latest milestone in a series of concrete moves Longbridge has made in Singapore over the past six months:

Licensed operations: Long Bridge Securities Pte. Ltd. holds a Capital Markets Services licence (CMS Licence No. CMS101211) issued by the Monetary Authority of Singapore (MAS), and operates as an Exempt Financial Adviser.Physical presence: On 30 April 2026, Longbridge announced the launch of Longbridge Cafe Singapore — located above Guoco Tower / Tanjong Pagar MRT station and expected to open in September 2026. It will be Longbridge’s first physical overseas location.Local leadership: On 5 May 2026, Gavin Chia joined as Regional CEO, Southeast Asia.

Taken together, Longbridge has established what observers are calling a complete “localization loop” in Singapore: a licensed entity, a physical space, and a local leader with the mandate and experience to execute. This combination remains uncommon among digital brokerages operating in the market.

About Longbridge Securities Singapore

Longbridge Securities is an AI-Powered online brokerage headquartered in Singapore. By building global trading infrastructure and a trading network, it delivers best-in-class trading experiences to investors worldwide. Founded in March 2019, Longbridge holds 22 financial regulatory licenses or qualifications across the U.S., Hong Kong SAR, Singapore, and other markets, and has secured more than US$150 million in strategic investment from leading financial institutions and investment firms. Long Bridge Securities Pte. Ltd. is a licensed entity regulated by the Monetary Authority of Singapore (MAS) (Capital Markets Services Licence No.: CMS101211), holding a Capital Markets Services Licence and operating under an exempt financial adviser status.

Disclaimer

Long Bridge Securities Pte. Ltd. (Co. Reg. No. 202111825D) provides an execution-only service. All investments carry risk. Please refer to the Risk Disclosure Statement on our website for details. This advertisement has not been reviewed by the Monetary Authority of Singapore.

This commitment to innovation extends beyond AI — Longbridge made history in 2025 by launching the world’s first U.S. stock options pre-market trading, a milestone that underscores its position at the frontier of brokerage technology.

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SOURCE Longbridge

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Mobupps Unveils ECHO AI – A Self-Learning Mechanism

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ASHDOD, Israel , May 11, 2026 /PRNewswire/ — Mobupps, a leading global adtech company, today announced the launch of ECHO AI, its next-generation self-learning mechanism designed to bring real-time intelligence to every stage of the advertising process. ECHO AI interprets signals, identifies value, and adapts dynamically to deliver more efficient outcomes with minimal manual input.

Leveraging continuous learning from live campaign data, ECHO AI automatically identifies the most effective channels, audiences, and creatives, enabling advertisers to achieve stronger user lifetime value and lower acquisition costs from day one.

ECHO AI delivers a powerful suite of intelligent capabilities designed to transform campaign performance. Using advanced audience segmentation based on proprietary behavioral data, ECHO AI ensures precise targeting and meaningful user engagement.

The system provides automated recommendations for continuous campaign optimization, enabling advertisers to achieve greater efficiency and a smarter use of their budgets. Purpose-built to acquire high-value users and maximize their long-term revenue potential, ECHO AI empowers brands to scale sustainably and effectively.

Fully integrated with MAFO, ECHO AI operates within a unified ecosystem, delivering seamless automation, accuracy, and performance across all marketing channels.

Yaron Tomchin, Chief Executive Officer at Mobupps, commented: “ECHO AI represents a major leap forward in our mission to empower the Mobupps team with true data intelligence. By embedding self-learning capabilities into our ecosystem, we are enabling marketers to make smarter, faster, and more efficient decisions across every campaign touchpoint.”

Rashid Galimov, Chief Technology Officer at Mobupps, added: “Our engineering vision behind ECHO AI was to create an adaptive framework that constantly evolves. Every impression, click, and conversion becomes a learning input — fueling optimization loops that deliver measurable results at scale.”

ECHO AI is the future of automated performance, built for marketers who need speed, precision, and data-driven growth. Connect Mobupps to see how ECHO AI can transform your next campaign here.

Source of the PR: Link 

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