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Universal Safety Products Subsidiary Universal DeFi Announces Development of Tokenization Platform

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Company Says Platform Designed to Support Tokenization of Real-World Assets

OWINGS MILLS, Md., July 7, 2026 /PRNewswire/ — Universal Safety Products, Inc. (NYSE American: UUU) (the “Company”) today announced that its wholly owned subsidiary Universal DeFi LLC (“Universal DeFi“) has begun development of a tokenization platform intended to offer issuers a single integrated service for tokenizing assets, combining issuer onboarding with the technology to create and issue the resulting tokens. Tokenization is the process of representing ownership of real-world or financial assets as a digital token recorded on a blockchain, which is a shared digital record-keeping system maintained across many computers simultaneously, with no single controlling authority. The platform will provide technology and infrastructure for issuers to tokenize their assets.

The platform is being designed to support a wide range of asset types, which may include securities, commodities such as precious metals, and other assets such as collectibles; however, initially, the platform intends to focus on a limited number of real-world assets that the Company believes will be easier to tokenize.  Universal DeFi does not currently intend to provide brokerage, custody, fund administration, transfer agent, or trading venue services, although the services it offers may change over time.

Once an asset is tokenized, the issuer is generally expected to retain sole control of the resulting token, including the ability to create additional tokens, a process called minting, and to permanently remove tokens from circulation, a process called burning. The platform is being designed to secure control of each token using multi-party computation, a method of securing a digital asset in which the authority to approve a transaction is divided among multiple parties or systems so that no single participant can act alone. This technology will be provided by a third-party digital asset security provider, with a dedicated environment maintained for each token project.

The Company expects to provide additional information regarding Universal DeFi and its tokenization platform as development progresses.

The Company emphasized that the Universal DeFi platform remains under development, and there can be no assurance as to the timing of launch, the final scope of services, the number or type of assets that may be tokenized, whether any issuer will use the platform, or whether the platform will generate material revenue.

The Company also advises that its audited consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended March 31, 2026, which was filed with the Securities and Exchange Commission on July 2, 2026, contained a going concern explanatory paragraph in the audit opinion from its independent registered public accounting firm. This announcement does not represent any change or amendment to the Company’s financial statements or to its Annual Report on Form 10-K for the fiscal year ended March 31, 2026. Release of this information is required by Section 401(h) and 610(b) of the NYSE American Company Guide.

About Universal Safety Products, Inc.

The Company designs and markets a variety of popularly priced safety products. In addition, Universal DeFi is (i) running licensed nodes and a validator on the Ault Blockchain and (ii) developing and intends to own and operate a tokenization platform. For more information on the Company, visit our website at www.universalsafetyprod.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.universalsafetyprod.com.

 

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SOURCE Universal Safety Products, Inc.

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The Buck Institute for Research on Aging and Fennec Engineering Partner to Build the Safety Infrastructure for Biological AI

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Fennec and the Buck Institute partner to unite longevity science, functional safety, and autonomous systems engineering to make AI-driven biological research trustworthy at scale.

COLUMBUS, Ohio, July 8, 2026 /PRNewswire-PRWeb/ — The Buck Institute for Research on Aging and Fennec Engineering today announced a partnership to explore and support the specialized safety infrastructure required for developing biological AI systems responsibly. The partnership brings together more than 25 years of Buck’s scientific research expertise and Fennec’s proven functional safety frameworks to solve a defining engineering challenge: ensuring that generative AI operating within complex biological systems does so reliably, predictably, and with full accountability.

“The functional safety principles that govern autonomous systems and humanoid robotics apply directly here. When AI operates in uncharted territory, safety has to be built from first principles rather than inherited from a traditional checklist.” — Justin Croyle, CPO, Fennec Engineering

Meeting the Moment in Biological AI

As AI takes on a greater role in biological research, it introduces new safety challenges: black box AI models can produce novel biological structures with no historical analog, making traditional checklist-based risk assessment and validation insufficient. Buck and Fennec are addressing this through an integrated framework that hardwires automated safety guardrails directly into AI-driven biological simulations, anchored in the fundamental cause-and-effect mechanisms of biology itself. The result is a system capable of predicting and neutralizing emergent risks before they leave a digital simulation environment, or what the partners call proactive trust.

Buck Faculty member James Yurkovich, PhD leads the Laboratory for Applied Systems BioAI and is spearheading this partnership. “As we continue to utilize more and more AI in our research into biological simulation, building out the necessary safety guardrails is crucial,” said Dr. Yurkovich. “This partnership empowers us to move at the speed required for this burgeoning field with the confidence that safety is the number one priority.”

“The functional safety principles that govern autonomous systems and humanoid robotics apply directly here,” said Justin Croyle, Chief Product Officer at Fennec Engineering. “When AI operates in uncharted territory, safety has to be built from first principles rather than inherited from a traditional checklist. That’s what this partnership is addressing.”

Two Organizations, One Shared Mission

The Buck Institute is the only independent U.S. research institution solely focused on the connection between aging and chronic disease, with a mission to extend human healthspan. Fennec Engineering brings deep expertise in functional safety and systems validation, with roots in Amazon Robotics and a track record that includes enabling the certification of more than one million robotic systems worldwide.

Together, they are building the safety supply chain that allows biological AI to fulfill its potential in precision medicine and longevity research.

About the Buck Institute: Our success will ultimately change healthcare. At the Buck, we aim to end the threat of age-related diseases for this and future generations by bringing together the most capable and passionate scientists from a broad range of disciplines to identify and impede the ways in which we age. An independent, nonprofit institution, our goal is to increase human healthspan, or the healthy years of life. Globally recognized as the pioneer and leader in efforts to target aging, the number one risk factor for serious diseases including Alzheimer’s, Parkinson’s, cancer, macular degeneration, heart disease, and diabetes, the Buck wants to help people live better longer. Learn more at: https://buckinstitute.org

About Fennec Engineering: Fennec Engineering builds the safety infrastructure for autonomous systems, robotics, and AI, delivering an end-to-end platform, from concept through certification. We unify safety across the supply chain, eliminating regulatory guesswork, and helping teams bring certified innovations to market faster. Fennec ensures that safety moves at the speed of innovation. Learn more at https://fennec-engineering.com/ and https://www.linkedin.com/company/fennec-engineering/

Media Contact

Betsy Barry, Fennec Engineering, 1 7062067271, betsy.barry@fennec-engineering.com, https://fennec-engineering.com/

Robin Snyder, The Buck Institute, 1 415-420-9905, RSnyder@buckinstitute.org, https://www.buckinstitute.org/

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SOURCE Fennec Engineering

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Thomson Reuters Second Quarter 2026 Earnings Announcement and Webcast Scheduled for August 5, 2026

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Conference call and webcast scheduled for 8:30 a.m. EDT

TORONTO, July 8, 2026 /PRNewswire/ — Thomson Reuters (TSX/Nasdaq: TRI) announced today its second-quarter 2026 earnings will be issued via news release on Wednesday, August 5, 2026. 

Steve Hasker, president and chief executive officer, and Gary E. Bischoping, Jr., chief financial officer, will host a conference call and simultaneous webcast that morning at 8:30 a.m. EDT. Discussions may include forward-looking information. 

You can access the webcast by visiting the Investor Relations section of the Thomson Reuters website. Registration for the webcast is now open. Additionally, an archive of the webcast will be available following the presentation. 

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is the world’s leading provider of trusted journalism and news. For more information, visit thomsonreuters.com.

CONTACTS

MEDIA
Zoe Zanettos
Corporate Affairs
zoe.zanettos@thomsonreuters.com

INVESTORS
Gary E. Bisbee, CFA
Head of Investor Relations
gary.bisbee@thomsonreuters.com

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SOURCE Thomson Reuters

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Best Food Delivery Subscription for College Students (2026): DoorDash’s DashPass Named Top Choice by Expert Consumers

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NEW YORK, July 8, 2026 /PRNewswire/ — College students often balance classes, studying, work commitments, extracurricular activities, and social events, leaving little time for meal preparation. As food delivery services become a routine part of campus life, Expert Consumers has named DoorDash’s DashPass its top choice for students seeking a food delivery subscription that can help simplify everyday ordering and reduce delivery-related costs.

Best Food Delivery Subscription for College Students

DashPass – a DoorDash subscription designed for frequent users, offering benefits such as $0 delivery fees and reduced service fees on eligible orders across restaurants, grocery stores, convenience retailers, and more.

The recognition highlights DashPass as a practical option for students who regularly order meals, snacks, groceries, and household essentials through DoorDash.

Why Food Delivery Subscriptions Matter for Students
Convenience remains a key factor for many students navigating busy academic schedules. Whether preparing for exams, attending back-to-back classes, or working part-time jobs, students often look for ways to save time while maintaining access to food and essential items.

A food delivery subscription for college students can provide added value when used consistently. Rather than paying standard delivery-related charges on every order, subscribers may benefit from reduced fees and member perks that become more noticeable over time.

As demand for delivery services continues to grow among younger consumers, many students are evaluating whether subscription programs offer enough value to justify a monthly membership.

How DashPass Works
DashPass is DoorDash’s membership program designed for customers who order regularly through the platform. The DoorDash subscription provides benefits on eligible orders across restaurants, grocery stores, convenience retailers, and other participating merchants.

Key DashPass benefits include:

Unlimited $0 delivery fees on eligible ordersReduced service fees on eligible ordersExclusive member-only offers and promotions5% back in DoorDash credits on eligible pickup ordersAdditional Lyft benefits for eligible members who link their accounts

By reducing certain ordering costs on eligible purchases, DashPass may appeal to students who rely on delivery multiple times per month.

Is DashPass Worth It for Students?
Whether DashPass is worth it often depends on how frequently they use a food delivery app for students.

For example, students who regularly order dinner after evening classes, schedule grocery deliveries during busy exam periods, or place group orders with roommates may find ongoing value in the membership. Students living off campus or without access to transportation may also benefit from convenient access to meals and household essentials delivered through DoorDash.

Common situations where DashPass for students may be useful include:

Late-night study sessions requiring food or coffee deliveriesGroup orders with roommates or classmatesBusy academic schedules that leave limited time for shoppingGrocery and convenience orders between classesAccess to member-exclusive offers throughout the year

Because savings vary based on ordering habits and eligibility requirements, DashPass may be most beneficial for students who order frequently enough to take advantage of the membership’s included benefits.

Year-Round Value Beyond Seasonal Promotions
While seasonal programs can provide additional opportunities for members, DashPass is designed as a year-round DoorDash membership rather than a limited-time offer.

For instance, DoorDash’s Summer of DashPass campaign and FIFA World Cup 2026™-related promotions may offer students additional ways to use the service for watch-party snacks, group meals, coffee runs, and last-minute essentials. However, the core value of DashPass remains centered on ongoing benefits such as $0 delivery fees on eligible orders, reduced service fees, member offers, and access to a broad selection of restaurants, grocery stores, and retailers.

As college students continue seeking convenient ways to manage busy schedules, Expert Consumers recognizes DashPass as a leading food delivery subscription option for those who order often enough to benefit from its membership features.

For the full review, please visit the Expert Consumers website.

About DoorDash

DoorDash is one of the world’s leading local commerce platforms, helping businesses grow and connecting consumers with the best of their neighborhoods. Through its global portfolio, including Deliveroo and Wolt, DoorDash serves communities across more than 40 countries, delivering experiences that bring people together—from everyday moments to global celebrations.

About ExpertConsumers.org: Expert Consumers delivers news and insights on consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided.

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SOURCE ExpertConsumers.org

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