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Universal Life Selects Sapiens to Modernise its Core Systems

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Sapiens’ solution will accelerate Universal Life’s growth and efficiency

ROCHELLE PARK, N.J., April 15, 2025 /PRNewswire/ — Sapiens International Corporation (NASDAQ: SPNS)(TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that Universal Life (Unilife), a leading life and health insurer in Cyprus, has entered into a conditional agreement with  Sapiens CoreSuite for Life & Pensions with the scope and intent to modernise its core insurance processes and support its strategic growth initiatives.

The intended collaboration between Universal Life and Sapiens seeks to replace Universal Life legacy systems with a modern, scalable solution to enhance operational efficiency and accelerate product innovation. By leveraging the end-to-end capabilities of Sapiens CoreSuite, Universal Life aims to streamline policy administration, claims processing, and billing operations to optimise customer satisfaction and loyalty. Sapiens Cloud Services will provide the insurer with a secure, flexible, and high-performance infrastructure to support its growth.

“We have engaged Sapiens after a comprehensive evaluation process due to its strong presence in the region and its ability to deliver an advanced, fully integrated solution tailored to our modernisation needs,” said Evan Gavas, Universal Life CEO. “With Sapiens, we are confident in our ability to optimise efficiencies, improve agility, and continue delivering market-leading insurance solutions to our customers.”

“We are excited to have the opportunity to engage with Universal Life as they embark on this important transformation journey,” said Roni Al-Dor, Sapiens President and CEO. “Our core solution and cloud services will empower Universal Life to future-proof their operations, enhance customer engagement, and accelerate business growth in a dynamic insurance landscape.”

Sapiens CoreSuite for Life & Pensions is an end-to-end, SaaS solution with enhanced digital capabilities for the management of both individual and group life and pensions products.

About Universal Life (Unilife)

Incorporated as a private company in 1970, Universal Life was the first insurance company founded in Cyprus after the enactment of local insurance legislation. A member of the Photos Photiades Group, Universal Life is one of the most prominent life insurers in Cyprus and a leader in the accident and health insurance sector. The company is widely recognised for its reliability, professionalism, and customer-centric approach, with products distributed through a network of highly trained insurance agents. For more information, visit www.universallife.com.cy.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance SaaS-based software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. Our SaaS-based Solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success. 

For more information visit https://sapiens.com or follow us on LinkedIn. 

Investor and Media Contact
Yaffa Cohen-Ifrah
Sapiens Chief Marketing Officer and Head of Investor Relations 
Email: Yaffa.cohen-ifrah@sapiens.com 

Forward Looking Statements

Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.

While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

 

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GOFO White Paper Highlights Structural Shift in U.S. Last-Mile Delivery

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The white paper examines changing carrier dynamics, fragmented e-commerce demand and strategies for shippers navigating an evolving parcel market.

LOS ANGELES, Nov. 9, 2026 /PRNewswire/ — GOFO, a technology-driven global last-mile delivery carrier, highlights a structural shift in the U.S. parcel market in its industry white paper, How Fragmenting E-Commerce Is Rebuilding the U.S. Last Mile, first introduced at PARCEL Forum 2026 in September. Drawing on third-party market research, industry data and customer case studies, the report examines how changing strategies among established carriers and increasingly fragmented e-commerce demand are creating room for a broader range of delivery networks and reshaping carrier selection for shippers.

A Changing U.S. Parcel Market

According to ShipMatrix data cited in the white paper, U.S. domestic parcel volume reached 23.9 billion packages in 2025, an increase of 0.4% year over year (ShipMatrix, 2026). Amazon Logistics surpassed USPS as the nation’s largest domestic parcel carrier by volume, delivering 6.7 billion packages, up 9.9%, compared with USPS’s 6.6 billion (ShipMatrix, 2026).

Amazon’s expansion represents a significant development in a market historically dominated by UPS, FedEx and USPS. Meanwhile, UPS has been reducing lower-value Amazon volume, FedEx is emphasizing higher-value shipment segments, and USPS continues competing for lightweight e-commerce deliveries while adjusting its pricing and service mix.

On the demand side, e-commerce is becoming increasingly fragmented. According to eMarketer estimates cited in the report, Amazon accounted for approximately 40.5% of U.S. retail e-commerce sales in 2025, with the remaining 59.5% distributed across other marketplaces, retailer websites and direct-to-consumer channels (eMarketer, 2025). This diversification is creating more varied shipment patterns, fulfillment arrangements and delivery requirements.

The Rise of Alternative Carriers

As traditional carrier strategies and e-commerce demand evolve, alternative delivery networks are expanding their presence in the U.S. parcel market. ShipMatrix’s “Other Carriers” category, which includes retailers’ own delivery networks and independent regional carriers, reached approximately 2.5 billion packages in 2025, with reported growth of 13% (ShipMatrix, 2026).

The white paper identifies a range of emerging operating models, including cross-border specialists, technology-enabled urban delivery platforms and super-regional networks. Rather than following a single standardized approach, these carriers serve different geographic markets, shipment profiles and fulfillment needs.

This evolving landscape is giving shippers a broader range of delivery options. The report recommends evaluating carriers based on total transportation costs, geographic coverage, service reliability and technology integration, while maintaining diversified carrier relationships to reduce dependence on individual networks.

Customer Case Studies Highlight the Importance of Carrier Readiness

Drawing on GOFO’s experience with Dr. Squatch and ShipMonk, the white paper illustrates how alternative carriers can support shippers when existing delivery arrangements are disrupted.

According to the case studies, Dr. Squatch expanded its relationship with GOFO from a monitored pilot to a core carrier arrangement after an existing provider became unavailable at short notice. During the transition, the average calendar transit time improved from 3.75 to 3.15 days.

ShipMonk faced an unplanned carrier transition within its Economy delivery tier. GOFO became operational within ShipMonk’s Virtual Carrier Network in 10 days and completed onboarding across its network nodes within 35 days. Over a comparable off-peak period, average transit time improved from 2.56 to 2.10 business days.

Both cases illustrate how advance carrier integration and diversified delivery options can support service continuity during unexpected disruptions.

Looking Ahead

The white paper concludes that U.S. last-mile delivery is undergoing a long-term structural realignment rather than a temporary market cycle. As delivery networks diversify, operational flexibility, real-time shipment visibility and technology integration are expected to become increasingly important in carrier evaluation.

For shippers, adapting to this environment will require delivery strategies that balance cost, coverage, reliability and flexibility across different fulfillment models.

The full white paper, How Fragmenting E-Commerce Is Rebuilding the U.S. Last Mile, provides additional market analysis, customer case studies and a detailed carrier evaluation framework. It is available on GOFO’s website.

About GOFO

GOFO is a technology-driven global last-mile delivery carrier founded in Los Angeles in August 2023. Guided by the brand philosophy “Drive Efficiency, Deliver Trust”, GOFO combines advanced technology with localized operations to provide reliable and scalable delivery solutions. GOFO’s network spans 47 U.S. states, supported by more than 300 hubs and stations. In Canada, GOFO has established a delivery network anchored by two primary hubs in Vancouver and Toronto, with service coverage across five provinces. Supported by an integrated North American network, automated sortation, intelligent routing, and disciplined operations, GOFO provides GOFO Parcel for standard parcel delivery and GOFO Ground for heavyweight, oversized, and complex shipments, delivering efficient, reliable, and scalable last-mile solutions across diverse markets. More information is available at gofo.com.

Media Contact:

Cindy L.
Public Relations, GOFO
public.relations@gofo.com
LinkedIn

 

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A.I.Matics’ AIM-T1 Named CES Innovation Awards® 2027 Honoree in Two Categories

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AI vision inspection platform recognized in Artificial Intelligence and Construction & Industrial Tech

SEOUL, South Korea, Nov. 9, 2026 /PRNewswire/ — A.I.Matics’ AIM-T1, an AI vision inspection platform that helps electronics manufacturers identify defects and adapt inspections to new products, has been named a CES 2027 Innovation Awards Honoree in two categories: Artificial Intelligence and Construction & Industrial Tech.

AIM-T1 is designed for quality, process and manufacturing engineers working with products such as camera modules, semiconductor packages and printed circuit board assemblies. It addresses a recurring challenge in electronics production: maintaining consistent inspection as product designs and manufacturing requirements change.

Introducing a new product can require manufacturers to collect defect images, revise inspection criteria and adjust imaging equipment. These tasks can place additional demands on experienced inspectors and AI engineers, particularly in facilities with frequent product changeovers.

AIM-T1 combines modular imaging hardware with software-defined inspection to help teams adapt their inspection workflows on a common platform. The system uses reference samples of acceptable products to establish inspection criteria and identify deviations that may indicate defects.

The platform incorporates world model technology and in-context learning. Its optical system combines liquid lens technology with electronic focus stacking to capture images at multiple focal planes without mechanical Z-axis movement. Camera resolution, lens magnification, lighting and inspection configurations can be adjusted to suit different applications.

Operators can use a dedicated software interface to configure inspection criteria, review results and refine inspection models. The platform is designed to reduce reliance on specialized expertise for each product changeover by making inspection knowledge easier to reuse.

For electronics manufacturers reshoring production or adding regional capacity, transferring inspection expertise is an important part of bringing new facilities online. AIM-T1 is designed to make inspection workflows easier to reuse across products and production lines, helping quality and manufacturing teams establish inspection processes at new locations.

Organized by the Consumer Technology Association (CTA), the CES Innovation Awards program recognizes outstanding design and engineering in consumer technology products. CES 2027 will take place Jan. 6–9 in Las Vegas.

A.I.Matics plans to showcase AIM-T1 at CES 2027 and meet with manufacturers, automation equipment integrators and potential distribution partners. Booth and meeting details will be announced once confirmed.

For product information, visit https://vision.aimatics.ai/. 

* The CES Innovation Awards are based upon descriptive materials submitted to the judges. CTA did not verify the accuracy of any submission or of any claims made and did not test the item to which the award was given.

About A.I.Matics

A.I.Matics is a South Korean Vision AI company and a subsidiary of Dreamtech. Established as an in-house venture at Hyundai Motor Company in 2000 and incorporated in 2003, the company built its expertise in automotive vision recognition by supplying lane departure warning systems to automakers. Today, it develops industry-specific AI solutions for transportation, logistics and manufacturing.

The company combines its proprietary AI engine, aimNet, with imaging technology and application software to help businesses identify risks, detect anomalies and make operational decisions. Its portfolio includes AI-powered driver safety cameras, the aid fleet management platform and AIM-T1, a software-defined AI vision inspection platform for advanced electronics manufacturing. The company also develops intelligent process and operations management solutions and AI chatbots for logistics call centers.

For more information, visit https://www.aimatics.ai/en.

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SOURCE A.I.Matics

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The 19th Europe-China Business and Technology Cooperation Fair boosts business cooperation

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BEIJING, Nov. 10, 2026 /PRNewswire/ — This is a report from China.org.cn:

The 19th Europe-China Business and Technology Cooperation Fair was held in Chengdu, Sichuan province, from Oct. 21 to 23, bringing together businesses and institutions from China and Europe to explore opportunities in trade, investment, and technological innovation.

Co-organized by the China Chamber of International Commerce and the European Union Chamber of Commerce in China, the fair featured the theme “Dialogue and Cooperation for Shared Benefits and Prosperity.”

This year’s fair attracted more than 1,800 participants from over 30 countries, representing 869 enterprises and institutions. Delegations from Portugal, Switzerland, France, the United Kingdom, Spain, and other countries attended, alongside multinational companies including CMA CGM, Saint-Gobain, ABB, AstraZeneca, Bayer, and Siemens.

For the first time, the fair introduced an intelligent matchmaking system, complemented by manual coordination, to improve connections between businesses. A total of 174 Chinese and foreign companies held 365 one-on-one matchmaking meetings, generating more than 160 cooperation intentions and helping turn business discussions into potential projects.

The fair focused on sectors including new energy and environmental protection, biomedicine, agri-food, intelligent robotics, cutting-edge technologies, vocational education, and commercial legal services. Investment and trade promotion events were also held by Hainan, Tianjin, Taicang in Jiangsu province, and other regions to connect with European partners. Participants also visited industrial parks and enterprises to explore opportunities and facilitate project development.

The event also saw progress in regional and international partnerships. Loja, Spain, and Pengzhou, Sichuan province, signed a letter of intent to establish a friendly cooperative relationship. More than 20 Portuguese enterprises and institutions attended the fair, while Portugal’s secretary of state for agriculture delivered remarks at a sub-event. The United Kingdom, the fair’s country of honor, was also involved in organizing a China-Europe exchange on cross-border cooperation in biomedicine.

As global economic recovery remains uneven, the fair continues to provide a platform for China-Europe dialogue and business exchanges, fostering cooperation in technology, market access, and investment.

The 19th Europe-China Business and Technology Cooperation Fair boosts business cooperation

http://www.china.org.cn/2026-11/06/content_118764228.shtml

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