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Business Plan Contest “Photonics Challenge 2025” was Successfully Held in Hamamatsu City, the Center of the Optical Industry

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Three companies with outstanding optical technology – 
Beyond Optical Medical Technologies, Ectobrain Devices and Catana Corporation – presented
groundbreaking ideas and are awarded for their business plans

HAMAMATSU, Japan, March 5, 2025 /PRNewswire/ — The Central Japan Startup Ecosystem Consortium is pleased to announce that Photonics Challenge 2025, a business contest that supports the expansion of optical technology applications by startups and small and medium-sized enterprises (SMEs) nationwide that seek to create new value in society, was successfully held in Hamamatsu City.

The Central Japan Startup Ecosystem is comprised of Aichi prefecture, Nagoya City and Hamamatsu City in Shizuoka-prefecture and provides everything a startup needs – from highly trained workers in many specialized fields to opportunities to conduct feasibility studies with leading companies. There are also accelerator programs, financial support systems, innovative university seeds, and collaborative partnerships with ecosystems outside of Japan and also attract a wide range of entrepreneurs to this region.

Against this backdrop, Photonics Challenge is an annual competition sponsored by the Graduate University School for the Creation of New Photonics Industries. This year marked its sixth year and is the only business plan contest in Japan that specializes in optical technology. Seven finalists, selected from among applicants from all over Japan, presented their business plans at the final judging held on February 27 at Entetsu Hall in Hamamatsu City, after months of mentoring. Beyond Optical Medical Technologies, Ectobrain Devices and Catana Corporation successfully presented their groundbreaking ideas and were awarded for their respective business plans.

The awards were presented by the Chairman of the Judging Committee, Hiroyasu Ito, President of Graduate School for the Creation of New Photonics Industries.

For the 2025 Photonics Challenge, a new category was established for “Best Idea”, and applicable to individuals who have a passionate vision and business idea, including college or technical school students. Three individuals presented their ideas, and the winner will be provided opportunities to hone their entrepreneurship skills.

The 2025 Photonics Challenge winners are as follows:

1.  Best Business Award – prize of one million yen – Awarded to Beyond Optical Medical Technologies

2.  Best Challenge Award – prize of 800,000 yen – Awarded to Ectobrain Devices

3.  Shizuoka SME Excellence Award – prize of 300,000 yen – This award is for applicants whose base of operations is in Shizuoka Prefecture and was awarded to Catana Corporation

4.  Observer Award – prize of 300,000 yen – Awarded to HarvestX

5.  Best Idea Award – prize of 200,000 yen – Awarded to ASA-e

Profile of Award Winners

Best Business Award – Beyond Optical Medical Technologies

Beyond Optical Medical Technologies is developing a new surgical platform that uses near-infrared spectroscopic imaging to see deep inside the body during surgery. This allows surgeons to visualize tissues and structures that are normally invisible, reducing the risk of complications. Nariaki Okamoto of Beyond Optical Medical Technologies said, “Surgery today faces many complications, and fewer young people are pursuing it as a career. I believe collaboration between medicine and engineering is key to advancing surgical techniques, and I hope to create a future where surgeries are safer and more reassuring for everyone.”

Best Challenge Award – Ectobrain Devices

Ectobrain Devices is developing smart glasses to help Parkinson’s patients walk more easily and avoid falls. Parkinson’s patients often suffer from walking difficulties (gait disturbances) that are not effectively treated by existing medications. These glasses will automatically adjust to the patient’s needs, providing real-time assistance. Yu Nagashima of Ectobrain Devices said, “We are planning to launch as a startup from Hamamatsu University School of Medicine and will be registering the company next week, so I am very encouraged to receive this award.”

Shizuoka SME Excellence Award – Catana Corporation

Catana Corporation is pursuing international standardization (ISO/IEC) for their real-time lossless data compression technology, which is designed to reduce storage, bandwidth, and power consumption in industries like automotive, manufacturing, healthcare, and infrastructure. While already used in Japan, global adoption, particularly in the automotive sector with the goal of “installation in all commercially available vehicles,” requires meeting international standards demanded by overseas manufacturers. Nobuo Fujita, CEO & CTO of Catana Corporation said, “This is the first time we have participated in a business contest, so I’m very pleased to have won. I’m truly glad I participated because I received ideas and comments on the plan we presented.”

https://www.catana.co.jp/en/

Observer Award – HarvestX

HarvestX developed a system that uses multispectral cameras and AI to monitor strawberry growth, combined with a robot that automatically pollinates the plants. HarvestX plans to expand the technology to other crops. Yuki Ichikawa, Representative Director and CEO from HarvestX said, “I was actually just networking with other companies and had just entered the room when the award announcement was made. That just goes to show how passionate the other companies are, and this is a great opportunity to quickly find potential collaborators.”

https://harvestx.jp/en/ 

Best Idea Award – ASA-e

Yoshihiro Asada is a 1st year graduate student at Toyohashi University of Technology in Aichi Prefecture. Inspired by his grandfather who was diagnosed with diabetes, Yoshihiro is working to control soybeans without raising sugar levels so those suffering from the same condition can enjoy them. By controlling the components of soybeans using sensor data, ASA-e increases the sweetness of soybeans without raising blood sugar levels. Yoshihiro Asada said, “I will make further efforts to become a successful entrepreneur, and I would appreciate your continued support.”

Other Participating Finalists

(Business Category)

Deep Sensing

Deep Sensing is building robots that use AI to automatically scan underground structures without digging. These robots use radar to see inside, helping to identify missing persons during natural disasters or improve aging infrastructure.

SEtech

SEtech is developing a new type of sensor that reduces the burden on AI systems by processing information directly on the sensor itself. This “Anti-Imaging” approach reduces power consumption and data volume with a suite of sensors.

https://setech.co.jp/ 

Three-labs Inc.

Three-labs is a startup from Nagoya Institute of Technology using a new “Pulse Laser Grinding” (PLG) technology to re-sharpen cutting tools. Their laser-based method is more precise than traditional grinding wheels, allowing them to re-sharpen tools that couldn’t be re-sharpened before, saving manufacturer’s cost and reducing waste.

https://three-labs.com/

(Idea Category)

Mirai Iryo Innovators

Working towards a future without nerve damage during surgery through the use of Raman spectroscopy, which is based on the interaction of light with the chemical bonds of a substance.

Ryo Igarashi

Designing glasses for people who suffer from light sensitivity that act as sunglasses but without the dark lenses.  

Other event highlights

During the final deliberations, six of the past Photonics Challenge finalists each presented their business, introduced their current situation, and how far they have come since winning. These companies included: 

WIZRAY
https://wizray.jp/

Photon-Labo
http://photon-labo.jp/

Archilys
https://www.archilys.com/ArchilysCorp/ArchilysCorporation.html

Astech
https://www.astechk.co.jp/

Miibio
https://www.mii-bio.com/

Pi Photonics
https://www.piphotonics.com/en/

About the Central Japan Startup Ecosystem

In July 2020, Aichi prefecture, Nagoya City and Hamamatsu City in Shizuoka-prefecture became one of the four regional Startup Ecosystem Global Base Cities groups designated nationwide by the Japanese Cabinet Office. 

There are 848 startups in Central Japan, of which 209 are university-launched. An estimated 100.8 billion yen (from 2020 to 2024) of funds have been raised, in addition to accelerator programs, financial support systems, and innovative university seeds. 

Collaborative partnerships with Station F, INSEAD, BLOCK71, Paris &Co, Bpifrance, Venture Café, Plug and Play, Israel Innovation Authority, Tsinghua University, China Medical University, National University of Singapore, the University of Texas at Austin, Stanford University, North Carolina State University, University of Nebraska and the Indian Institute of Technology Hyderabad attract a diverse range of entrepreneurs to the region. 

For more information, please visit https://central-startup.jp/en/ 

Photo – https://mma.prnewswire.com/media/2634044/image_1.jpg
Photo – https://mma.prnewswire.com/media/2634045/image_2.jpg

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Cboe Clear U.S. Receives SEC Approval to Expand Clearing Capabilities

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SEC registration enables Cboe Clear U.S. to clear binary securities options alongside futures, positioning it to support innovation across the market

CHICAGO, Oct. 23, 2026 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced that Cboe Clear U.S., LLC (CCUS) has received temporary registration from the U.S. Securities and Exchange Commission (SEC) to operate as a Covered Clearing Agency.

The registration expands CCUS’s clearing capabilities beyond its existing authorities as a Commodity Futures Trading Commission (CFTC)-registered Derivatives Clearing Organization (DCO) to clear securities products in addition to futures and swaps products. Together with recent enhancements to its regulatory framework and product scope, the milestone positions CCUS to support innovation and emerging opportunities across a broad range of assets and markets.

CCUS will initially use its SEC registration to clear Cboe’s binary securities options tied to specified corporate key performance indicators (KPIs), which are planned to list on Cboe Options Exchange and be available on Robinhood in the fourth-quarter 2026. CCUS also recently received CFTC approval to clear margined futures broadly and continues to clear digital asset derivatives under its DCO designation.

“Clearing plays a critical role in bringing innovation to market,” said Dale Michaels, Head of Cboe Clear U.S. “These expanded capabilities position Cboe Clear U.S. to become an innovation lane to support new products and meet evolving customer needs, while maintaining the rigorous risk management standards that are fundamental to our business.”

These efforts complement Cboe’s longstanding partnership with The Options Clearing Corporation (OCC)® and Cboe’s continued commitment to supporting the established clearing infrastructure for traditional equity options.

The development builds on the growth of Cboe’s established European clearing business, where Cboe Clear Europe has become the leading pan-European equities central counterparty, while expanding into new services such as securities financing transaction clearing. Together, these advances demonstrate Cboe’s ability to extend its clearing capabilities across markets and asset classes.

To support its own future growth, CCUS has strengthened its infrastructure over the past year, including electing in June to become a Subpart C DCO. In doing so, CCUS is voluntarily adopting the enhanced standards the CFTC applies to systemically important DCOs for financial resources, risk management and operational resilience, aligning with those applied to leading global clearing organizations.

About Cboe Global Markets

Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world’s first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world’s leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.

Cboe Media Contacts

 

Cboe Analyst Contact

 

Angela Tu

+1-646-856-8734

atu@cboe.com

Tim Cave

+44 (0) 7593-506-719

tcave@cboe.com

Kenneth Hill, CFA

+1-312-786-7559

khill@cboe.com

CBOE-C
CBOE-OE

Cboe®, Cboe Global Markets®, and VIX ® are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500® is a registered trademark of Standard & Poor’s Financial Services LLC. All other trademarks and service marks are the property of their respective owners. 

Cautionary Statements Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price and new products and services competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our business and operational dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions, wind downs, divestitures, or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, liquidity, market, investment, counterparty, and default risks, associated with operating our  clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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SOURCE Cboe Global Markets, Inc.

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Hears Everything, Uploads Nothing: VoxNexus Launches Android’s First Low-Power On-Device Always-On Voice Artificial Intelligence (AI)

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VoxNexus’ new on-device ambient listening solution runs for 12 hours on 2.49% of a phone’s battery and never sends audio to the cloud

MADRID, Oct. 23, 2026 /PRNewswire/ — VoxNexus (www.VoxNexus.ai) released VoxEdge, an on-device voice stack that brings speech recognition, translation and speech synthesis to affordable Android devices, entirely offline. VoxEdge supports speech recognition in 36 languages, translation in 103 languages, and speech synthesis in 45 languages—all running with no connection, no data bundle, and no cloud token bills.

AI should work for everyone, not just for speakers of a handful of mainstream languages. Yet across much of Africa, voice AI has been held back by scarce training data and the lack of targeted fine-tuning. Everyday speech also includes code-switching and dialect variation, while cloud-based inference costs can make deployment at scale expensive. 

VoxNexus’s solutions run entirely on device, and every query is free once the model is installed on the device. Its speech recognition model has as few as 65 million parameters and achieves a lower word error rate than open-source models nearly ten times its size.

“Under-resource languages aren’t small languages. Hundreds of millions of people speak them. Until now, AI models just haven’t learned them yet,” said Charles Shi, CEO of VoxNexus.

VoxNexus also launched VoxSense, an on-device ambient listening solution that uses only 162 mAh for 12 hours of continuous listening, around 2.5% of a 6,500 mAh phone battery. By keeping all processing on device, VoxSense makes always-on listening practical without draining the battery and without sending any audio to the cloud. Developers and device makers can easily integrate it through a license and a simple SDK. Developers can request a free trial here: www.VoxNexus.ai.

VoxSense and VoxEdge were unveiled at the MediaTek Dimensity 9600 launch in Madrid on October 19.

Distributed by APO Group on behalf of VoxNexus AI. 

About VoxNexus:
VoxNexus builds AI that hears and speaks — for everyone, everywhere, all the time. Its audio intelligence runs entirely on-device, delivering low latency, built-in privacy, and zero token cost across any device with a chip. VoxNexus is headquartered in Singapore. Website: www.VoxNexus.ai. Contact: public@voxnexus.ai  

VoxNexus demonstrates live on-device speech recognition at the MediaTek Dimensity 9600 launch in Madrid on Oct. 19, 2026. Spanish and English conversations were transcribed in real time on the phone, with no cloud connection. (Photo: VoxNexus) 

Speaks Your Language, No Internet Needed: VoxNexus Brings On-Device Voice Artificial Intelligence (AI) in 100+ Languages to Affordable Android Devices

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SOURCE VoxNexus AI

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team.blue extends €1.1 billion of its Term Loan B to 2032 in the largest software Euro term loan issuance in the last 12 months

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GHENT, Belgium, Oct. 23, 2026 /PRNewswire/ — team.blue, a leading pan-European provider of digital solutions for small and medium-sized businesses (SMBs) backed by Hg, CPP Investments and Sofina, today announces the successful pricing of an amendment and maturity extension for €1.1 billion of its existing €1.35 billion Term Loan B. The transaction priced on 22 October 2026, with the refinanced tranche extended from September 2029 to July 2032, reinforcing the Company’s prudent capital structure approach.

Strong demand from a broad group of institutional investors enabled team.blue to upsize the transaction twice in-market, taking the final deal size to €1.1 billion from a minimum initial launch size of €500 million, despite recent credit market volatility. Pro forma for the transaction, c.90% of team.blue’s term debt now matures in 2032.

The transaction comes at a time of significant momentum for team.blue, with continued double-digit revenue growth and strong cash generation supporting its deleveraging trajectory. Its products help Europe’s SMBs get online, get customers, get paid and stay compliant, and AI-enabled products are increasingly driving new customer growth. team.blue continues to innovate across its portfolio, from smarter tools within its brands to secure European cloud hosting built for customers’ growing AI workloads. Its category-leading SaaS brands are also integrating with leading AI assistants, bringing team.blue’s products to customers wherever they work.

Transaction highlights

The largest software Euro term loan issuance in the last 12 months€1.1 billion Term Loan B, borrowed by team.blue Finco S.à r.l., maturing July 2032Priced at E + 425bps with a 0% floor and an OID of 98.5Upsized twice from an initial €500 million, reflecting a heavily oversubscribed order bookCorporate and facility ratings of B3 (Moody’s) and B (S&P), both with stable outlooksBofA acted as Global Coordinator and Left Lead Physical Bookrunner, alongside Barclays. ABN AMRO, BNP Paribas, Citi, ING and J.P. Morgan acted as Bookrunners

Jonathan Thackray, Chief Financial Officer of team.blue, said:
“We set out to extend €500 million of our Term Loan B, and the depth of support from our institutional investor base allowed us to go much further. This reflects confidence in team.blue’s highly recurring, cash-generative model and our position as a leading digital partner for Europe’s SMBs. It gives us the flexibility to keep innovating and investing in the digital and AI-enabled tools our customers rely on.”

About team.blue
team.blue is the pan-European digital partner for small and medium businesses, serving more than 3.5 million customers in 24 countries. From web hosting, domains, email and cloud and AI infrastructure to e-commerce, engagement, payments and compliance tools, team.blue helps SMBs get online, get customers, get paid and stay compliant. Supported by more than 4,000 employees, team.blue’s vision is to make online business success simpler, with artificial intelligence at every step. 

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