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Backed by Leading Industry Capital, OMOWAY Completes A and A+ Funding Rounds as OMO-X Begins Global Deliveries, Ushering in a New Era of Intelligent Two-Wheel Mobility

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SINGAPORE, July 2, 2026 /PRNewswire/ — OMOWAY has officially announced the completion of its consecutive Series A and Series A+ financing rounds. The Series A+ round was led by Lochpine Capital. The Series A round was led by Monolith, with CICC Capital and existing investor ZhenFund participating as follow-on investors. Both rounds raised tens of millions of U.S. dollars.

Lochpine Capital is the industrial investment fund established and backed by global industry leader CATL. Less than two years after its founding, OMOWAY has completed multiple financing rounds and obtained strong support from both top-tier financial investors, including Hongshan, ZhenFund, Monolith, and CICC Capital, and leading strategic investors such as Lochpine Capital, Rockets Capital (CVC fund of XPeng), and Hui Capital (industrial fund founded by a BYD co-founder). The company has rapidly emerged as one of the most closely watched players in the global intelligent mobility industry.

Global Deliveries Begin

For decades, the global motorcycle market has been dominated by Japanese gasoline-powered brands. Traditional motorcycles defined the 1.0 era of two-wheel mobility, while electrification drove the industry into the 2.0 era.

Yet the industry still faces a major challenge: premium smart motorcycles remain expensive, while mass-market products often lack meaningful technological innovation.

OMOWAY’s first flagship product, the OMO-X, was created to address this gap. Built around intelligent perception, smart interaction, and proactive safety technologies, OMO-X represents OMOWAY’s vision for the 3.0 era of smart two-wheel mobility.

In June, OMOWAY officially began the world’s first deliveries of OMO-X marking the start of its global delivery program. Indonesia became the first market to receive customer deliveries.

During its first month on the market, OMO-X became the No.1 electric motorcycle brand in Indonesia by order volume.

The OMO-X comes standard with intelligent features including a digital key, a large smart navigation display, and remote vehicle control. The Balance version further integrates low-speed balance assistance powered by OMOWAY’s proprietary self-balancing technology. Together, these innovations transform two-wheel mobility from basic transportation into a smarter, and more reliable riding experience.

As deliveries continue to expand globally, OMOWAY aims to reshape conventional perceptions of two-wheel transportation and accelerate the industry’s transition toward intelligent mobility.

Bringing Self-Balancing Technology into Mass Production

Motorcycles have always faced one fundamental challenge: they are inherently unstable and prone to tipping over, especially at low speeds.

To address this long-standing industry pain point, the OMOWAY team conducted hundreds of user studies and completed thousands of iterations of key components before successfully developing a self-balancing technology – a fully proprietary OMO-ROBOT universal architecture – and bringing it from prototype stage into mass production.

As a general-purpose tech platform, the OMO-Robot Architecture integrates perception, decision-making, execution, and information transmission into a complete closed-loop system.

Built upon this architecture, OMOWAY has also developed Mobility One, a 100% self-developed wheeled robot platform. A prototype is expected to be unveiled later this year, demonstrating the broader application potential of OMOWAY’s intelligent robotics technologies beyond motorcycles.

Born Global, Expanding into Thailand, Singapore, and Europe

As a global technology company, OMOWAY is accelerating global market expansion.

Indonesia serves as the company’s first launch market. Today, OMOWAY has established dozens of dealer locations across key regions, including Jakarta, Bandung, Surabaya, other major cities across Java, and Bali.

Following the commencement of global deliveries, OMOWAY will further expand into Thailand, Singapore and European markets in the future.

From the world’s first deliveries of OMO-X to the continued rollout across international markets, OMOWAY is advancing a new era of intelligent two-wheel mobility through continuous innovation. Starting with two-wheeled mobility, OMOWAY looks toward a broader horizon, from personal transportation and logistics to public services, driving intelligence and sustainability globally, and delivering innovative smart experiences to every life.

About OMOWAY

Founded in July 2024, OMOWAY is a global intelligent technology company specializing in wheeled robotics. Built on its proprietary full-stack OMO-ROBOT architecture, the company transforms traditional two-wheelers into “two-wheeled robots” equipped with perception and decision-making capabilities, enabling intelligent mobility across real-world scenarios.

Its flagship product, OMO-X, is positioned as the world’s first mass-produced self-balancing smart motorcycle powered by OMO-Robot Universal Architecture. Guided by a mission to deliver innovative smart experiences to every life, OMOWAY is committed to drive intelligence and sustainability globally.

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3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

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ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

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Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

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NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

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Can we produce low-cost omega-3s without relying on fish?

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GOLD COAST, Australia, Oct. 19, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/can-we-produce-low-cost-omega-3s-without-relying-on-fish-302893631.html

SOURCE Southern Cross University

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