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JMA receives $44 million in federal funding to boost state-of-the-art 5G manufacturing facility in Syracuse

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SCHUMER ANNOUNCES NEARLY $44 MILLION FOR SYRACUSE’S JMA WIRELESS FROM HIS BIPARTISAN CHIPS & SCIENCE LAW TO PIONEER NEW STATE-OF-THE-ART AMERICAN-MADE 5G TECHNOLOGY, CREATING NEW, GOOD-PAYING JOBS, & NEW PRODUCTION IN CENTRAL NY

JMA’s CNY Facility Is The Only Major American-Owned 5G Manufacturing Factory; The Smart Factory Complies With “Buy America” Standards Schumer Included In The Bipartisan Infrastructure Investment & Jobs Law To Expand American Manufacturing Of Telecom Technology

Now, With Support From Wireless Innovation Fund Schumer Created In Bipartisan CHIPS & Science Law, JMA Will Invest A Total $75+ Million In CNY To Create Dozens Of New, Good-Paying Jobs With A New Production Line To Enhance 5G Networks At Leading Wireless Carriers Like AT&T, Verizon, Boost, And More

Schumer: Thanks To CHIPS & Science, JMA Wireless Will Make Central NY An Epicenter Of Keeping America Ahead Of China In 5G.

SYRACUSE, N.Y., Dec. 13, 2024 /PRNewswire/ — U.S. Senate Majority Leader Chuck Schumer today announced $43,940,612 in federal funding from his bipartisan CHIPS & Science Law for JMA Wireless to pioneer the domestic manufacturing of 5G Open Radio Access Network (O-RAN)-compliant radio units (RU), and upgrade its state-of-the-art 5G manufacturing facilities in Central NY.

This award will support JMA to further invest $30 million in private capital, creating up to 30 new, good-paying jobs, with the potential for more down the road, to develop and commercialize new technology accelerating America’s wireless and 5G network capabilities. Schumer said this new production will help maintain America’s 5G leadership, which is critical to support advanced high-speed internet and the ability to directly compete with the Chinese Communist Party and companies like Huawei and ZTE, which the senator has long warned threaten U.S. national security.

“We need the future of America’s 5G technology built in Central NY, not China. Now thanks to my bipartisan CHIPS & Science Law, nearly $44 million in federal funding is on the way to make Syracuse’s JMA Wireless an epicenter for American innovation and manufacturing for the next generation of 5G wireless technology,” said Senator Schumer. “I’ve long sounded the alarm on companies backed by the Chinese Communist Party, like Huawei, and the threat their technology possess to our national security and economic primacy by stealing American’s personal data. Investments like this show the federal government is serious about taking back the reigns on critical technology like 5G and making sure the future of broadband and wireless technology is stamped ‘Made in America’ with JMA leading the way.”

Schumer added, “Today’s investment works in tandem with the new Buy America requirements for telecom technology I delivered through the Bipartisan Infrastructure & Jobs Law, boosting opportunities for Syracuse’s JMA to manufacture the equipment needed for building new high-speed internet across the country. Because of these efforts, JMA is bringing back this industry & good-paying jobs from overseas and ensuring the future of America’s high-speed network is secure and developed right here in Central NY.”

“The future of global security and economic leadership hinges on our ability to control and protect the next generation of wireless technology. No one understands this better than Leader Schumer. While this was bipartisan legislation, he was there at the beginning – advocating for secure, American-made 5G solutions that not only strengthen our supply chain but also put a critical check on adversaries like China. With this Wireless Innovation Fund grant, we’re bringing high-tech manufacturing jobs to upstate New York and accelerating the deployment of ORAN technology that will secure the U.S. position as a leader in wireless for years to come,” said John Mezzalingua, CEO of JMA Wireless.

Schumer explained that, currently, 5G wireless network coverage at major carriers like AT&T, Verizon, and Boost are capped by the limitations of commercially available radio technology, and JMA’s ARMOR platform will provide carriers with a next-generation solution to overcome existing limitations, increase their high-speed network capacity, and bring high-quality 5G coverage to communities across Central New York, New York State, and the entire U.S. The senator added that JMA will combine this nearly $44 million in new federal funding with more than $30 million of matching private investment to inject $75 million into growing their CNY manufacturing and workforce.

According to JMA, the investment will create up to 30 new, good-paying jobs initially to develop the technology and ramp to full production – with the potential for significant demand from major wireless carriers to drive the addition of more new manufacturing jobs in the years to come. In addition to accelerating JMA’s leadership in 5G open radio access network (ORAN) technology, reshoring critical domestic manufacturing, and strengthening our national security, Schumer said this investment will allow JMA to centralize and co-locate their testing capabilities and advanced manufacturing process prototype at their new, state-of-the-art 5G Innovation Campus and Global HQ in CNY where the company projects to produce and sell more than 12,000 state-of-the-art 5G ORAN radios per year.

The U.S. Department of Commerce’s Wireless Innovation Fund, funded by the bipartisan CHIPS & Science Law Schumer led to passage in the Senate, is dedicated to fostering U.S. wireless innovation and developing strong wireless networks across the country. The CHIPS & Science Law invested $1.5 billion for this program to reinforce U.S. leadership in the next generation of high-speed internet, foster competition, and strengthen U.S. supply chains. JMA is currently building a new ARMOR (American, Ruggedized, Modular, O-RAN, Radio) platform to improve operational efficiency and lower costs for 5G infrastructure across the country. This will increase capacity while lowering costs and reducing deployment time for 5G infrastructure, making wireless service more accessible.

JMA Wireless is ensuring the future of wireless networks is being powered in Central NY! I’ve long supported JMA’s effort to reinforce American leadership in 5G wireless, and I’m proud that nearly $44 million in federal funding from my CHIPS & Science Law is going to help JMA boost its state-of-the-art manufacturing facility in Syracuse.

Syracuse Mayor Walsh said, “JMA Wireless’s leadership in 5G technology has and will continue to advance the Syracuse Surge, our strategy for inclusive growth in the New Economy. Thanks to the CHIPS & Science Law and the strong support of Senator Schumer, Syracuse is emerging as a global leader in technology manufacturing and innovation.”

“This Wireless Innovation Fund Grant is a critical step toward ensuring that the U.S. is at the forefront of global 5G innovation. By investing in companies like JMA, the US is creating a safer, more resilient supply chain while providing the tools our country and infrastructure need to remain competitive. JMA’s work, along with key partnerships from U.S. carriers, will drive forward the innovation that keeps America secure,” said Diane Rinaldo, Executive Director of the ORAN Alliance.

Schumer explained that he worked to include the Build America, Buy America Act in the Bipartisan Infrastructure & Jobs Law to ensure that Buy America rules apply to all taxpayer-funded infrastructure and public works projects. Before, American-made sourcing requirements applied to some federal infrastructure projects, but not all, including federal broadband programs. Schumer said that the Bipartisan Infrastructure Investment & Jobs Law closed these loopholes and ensures taxpayer dollars are used to sustain and grow jobs in domestic manufacturing and throughout product supply chains when investing in the nation’s infrastructure.

Schumer said JMA Wireless – and its over 500 employees – received a boost from Build America, Buy America for high-speed internet expansion in the Bipartisan Infrastructure Investment & Jobs Law. Schumer said JMA Wireless, which has invested over $400 million in RAN R&D, facilities, and manufacturing capacity since 2017, is working hard to restore U.S. leadership in cutting-edge wireless technology at a critical time in the transition to 5G by producing some of the world’s most advanced wireless broadband products right in Syracuse. By harnessing funds from the Bipartisan Infrastructure Investment & Jobs Law and the “Build America, Buy America” requirement, the radios and antennas made at JMA’s new Syracuse factory are supplying efforts to help bridge the digital divide while also creating high-tech manufacturing jobs in Central New York.

The Bipartisan Infrastructure Investment & Jobs Law, which Schumer led to passage in the Senate, contained a record $65 billion for the expansion of high-speed internet, including $42.45 billion for broadband deployment grants to states which New York received over $600 million, $2.75 billion for Digital Equity and Inclusion, $2 billion for the Tribal Connectivity Fund and $1 billion for Middle Mile Broadband infrastructure – all of which will be distributed by the Department of Commerce’s National Telecommunications and Information Administration (NTIA).

Schumer explained investing in American telecommunications companies like JMA Wireless is especially important amid fears that foreign-owned telecommunications companies, particularly Chinese state-owned ones, could spy on Americans. Schumer has long been critical of the Chinese state-owned telecommunications company Huawei, successfully fighting to put Huawei and its affiliates on the U.S. Department of Treasury’s Specially Designated Nationals list and introducing a bill to prohibit Huawei from operating in the U.S. The senator explained that by boosting companies like JMA, more American-made telecommunications equipment will be made available, reducing reliance on foreign-made technology, as well as helping make JMA a global leader.

Media Contact:
John Puskar
jpuskar@jmawireless.com

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SOURCE JMA Wireless

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VERNAL CAPITAL ACQUISITION CORP. ANNOUNCES PRICING OF $100 MILLION INITIAL PUBLIC OFFERING

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NEW YORK, May 5, 2026 /PRNewswire/ — Vernal Capital Acquisition Corp. (NYSE: VECA) (“Vernal”) announced the pricing of its initial public offering (the “IPO”) of 10,000,000 units at $10.00 per unit. The units are expected to trade on the New York Stock Exchange (“NYSE”) under “VECAU” beginning May 6, 2026. Each unit consists of one ordinary share and one right to receive one-fourth of one ordinary share upon consummation of an initial business combination. Upon separate trading, the ordinary shares and rights are expected to be listed on NYSE under “VECA” and “VECAR,” respectively.

D. Boral Capital LLC is acting as sole book-running manager of the offering. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover any over-allotments. The offering is expected to close on May 7, 2026, subject to customary closing conditions.

A registration statement for these securities was declared effective by the SEC on May 5, 2026. The offering is made only by means of a prospectus. Copies of the prospectus may be obtained, from D. Boral Capital LLC, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 970-5150 or by email at dbccapitalmarkets@dboralcapital.com.

This press release shall not constitute an offer to sell or to buy, nor shall there be any sale where such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws.

About Vernal

Vernal is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Vernal’s target search will not be limited to a particular industry or geographic region.

Forward-Looking Statements

This press release contains “forward-looking statements,” including statements regarding Vernal’s IPO. These statements are subject to risks and uncertainties that could cause actual results to differ materially. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, beyond Vernal’s control, including those in the Risk Factors section of Vernal’s registration statement filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Vernal disclaims any obligation to release publicly updates or revisions to any forward-looking statements to reflect any change in Vernal’s expectations, except as required by law.

Contact

Binghan Yi, CFO
binghan@vernal.com
www.vernalspac.com

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SOURCE Vernal Capital Acquisition Corp.

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RIVANNA nominated for MedTech Scale-Up of the Year at MedTech World Awards 2026 | North America

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Nomination places the Charlottesville-based company among growth-stage medtech leaders recognized for commercial momentum in AI-powered clinical decision support; public voting is open through May 8

CHARLOTTESVILLE, Va., May 5, 2026 /PRNewswire/ — RIVANNA®, developer of AI-powered clinical decision-support solutions, today announced that it has been nominated for MedTech Scale-Up of the Year at the MedTech World Awards 2026 | North America. Public voting is open through Friday, May 8, 2026, with category winners to be announced at the inaugural North American Awards Gala on May 11, 2026, at the Hilton West Palm Beach in Florida.

The MedTech Scale-Up of the Year category honors a growth-stage company successfully scaling revenues, partnerships, and adoption across the global medical technology ecosystem. Nominees across the program’s 22 categories were selected through a structured process led by the MedTech World Steering Committee, with category winners determined by a combination of expert evaluation and public voting from the global MedTech community.

“We have built RIVANNA on validation earned from the most rigorous technical buyers in healthcare: competitive federal awards translated into FDA-cleared products, each paired with a commercial program that meets clinicians where they work,” said Will Mauldin, PhD, Co-founder and CEO of RIVANNA. “Being nominated for MedTech Scale-Up of the Year is a meaningful affirmation of that approach and the team executing it.”

Public voting closes Friday, May 8, 2026. Members of the MedTech community are invited to support RIVANNA’s nomination at the official voting page: vote here.

The award nomination follows a year of measurable scaling for RIVANNA:

In October 2025, RIVANNA reported on being named a finalist in MedTech Innovator’s 2025 Early-Stage Grand Prize competition, selected from nearly 1,500 global applicants to represent the top 4% of medtech innovations worldwide.In December 2025, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of its Accuro® 3S Needle Guide Kit consumables, building on existing Accuro 3S device clearance.In April 2026, RIVANNA reported on peer-reviewed findings, published in 2025 in the Journal of Emergency Medicine (DOI: 10.1016/j.jemermed.2025.11.011), showing that the Accuro® XV musculoskeletal imaging system enables non-physician operators to acquire diagnostic-quality scans after just one hour of hands-on training.In May 2026, RIVANNA reported on the U.S. Food and Drug Administration’s 510(k) clearance of the Accuro® XV Diagnostic Ultrasound System for musculoskeletal imaging, authorizing commercial use across hospital and clinic settings.The company’s clinical program now spans eight sites nationwide with more than 1,500 patients enrolled.

The 2026 MedTech World Awards | North America, powered by Blue Goat Cyber, will be presented Monday, May 11, 2026, at the inaugural North American Awards Gala at the Hilton West Palm Beach, marking the first time the MedTech World Awards have been hosted in the United States.

About the MedTech Scale-Up of the Year Award
Presented by MedTech World, the MedTech Scale-Up of the Year category recognizes growth-stage medical technology companies demonstrating strong commercial momentum, expanding partnerships, and accelerating real-world adoption. The award is one of 22 categories spanning innovation, clinical excellence, regulatory strategy, investment, and leadership across the global MedTech ecosystem.

About RIVANNA
RIVANNA® is a medical technology company developing clinical decision-support solutions powered by proprietary clinical datasets, AI models, and purpose-built imaging hardware. The company’s platform automates complex anatomical analysis at the point of care, enabling faster, more confident clinical decisions while reducing variability and expanding access to advanced capabilities. The first applications target significant market opportunities in regional anesthesia and fracture care. RIVANNA has built a proven FDA regulatory track record across its Accuro® platform, with device clearances for Accuro® 3S (spinal needle guidance) and Accuro® XV (musculoskeletal imaging), a portfolio of supporting cleared consumables, and AI software modules advancing through regulatory review. The company is backed by 100+ patents and validated through clinical partnerships with leading academic medical centers. RIVANNA is headquartered in Charlottesville, Virginia, and operates an FDA-registered, ISO 13485:2016-certified manufacturing facility. Learn more at rivannamedical.com.

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SOURCE RIVANNA

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D2L Launch Week Highlights Latest Product Releases

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Latest innovations are designed to save time, simplify workflows, and help drive better learning outcomes

TORONTO, May 5, 2026 /PRNewswire/ – D2L, a global leader in learning innovation, hosted its first-ever D2L Launch Week, a four-day virtual webinar series spotlighting the company’s latest product innovations across D2L Brightspace in 2026.

Throughout the week, D2L showcased a range of product releases through live demos and practical customer use cases, highlighting how institutions, school districts and organizations can help to drive engagement and improve learning outcomes. The featured updates include enhancements to D2L Lumi for idea generation, intervention suggestions, quiz creation and summarization; tools to strengthen parent and guardian outreach; and administrative capabilities designed to help large organizations delegate course and configuration management more effectively.

“We’re proud to showcase the ways D2L continues to innovate to help make learning more personalized, efficient, and scalable,” said Christian Pantel, Chief Product Officer at D2L. “From new D2L Lumi features to enhanced communication tools and more flexible distributed administration capabilities, these updates are designed to help our customers save time, improve usability, and deliver better learning experiences at scale.”

Enhancements to D2L Lumi

Among the new capabilities were several updates to D2L’s AI-native tool, D2L Lumi, designed to improve usability, transparency, and alignment across workflows, including:

D2L Lumi Ideas: Generates assignment and discussion ideas directly within Brightspace, making it easier to generate high quality content aligned to learning outcomes.D2L Lumi Insights: Gives educators access to learning intervention suggestions, designed to provide recommended next steps based on learner data.D2L Lumi Quiz: Helps educators generate questions from multiple course content topics and includes a more streamlined question-generation workflow.D2L Lumi Summary: Supports summarization from more content sources, including nested submodules, and can give educators the ability to preview and adjust source text before summarization.

Updates to Parent and Guardian Communications

D2L also introduced new parent and guardian communication enhancements to help K-12 educators strengthen engagement beyond the classroom. Teachers can now send bulk emails to all parents and guardians associated with students in their class. For individual student outreach, teachers can also email parents and guardians of a specific learner, making it easier to share timely updates on student progress and classroom activity.

Manage Distributed Administration at Scale

Distributed Administration gives organizations more flexibility to delegate administrative responsibilities across organization levels. With Distributed Administration, administrators can manage specific areas, enabling them to oversee courses while helping to reduce bottlenecks and free up time.

Learn more about the latest product releases showcased at D2L Launch Week.

About D2L   
D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses.

D2L Media Contact
PR@D2L.com
X: @D2L
© 2026 D2L Corporation.

The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS.

All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners.

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SOURCE D2L

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