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Schreiber Foods and Ascendion Announce Strategic Partnership to Transform Global Operations and Software Development Using Agentic AI

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Multi-year strategic partnership will advance global operations for one of the world’s largest food and beverage companies to accelerate growth and enhance customer service.
 

GREEN BAY, WI, and BASKING RIDGE, NJ, Aug. 5, 2026 /PRNewswire/ — Schreiber Foods and Ascendion today announced a multi-year strategic partnership to transform Schreiber’s global operations and software development using agentic AI, advancing the company’s vision to do good through food. Through this partnership, Ascendion will equip Schreiber’s capability centers with AI-native technology to fuel sustainable growth and accelerate innovation across more than 40 locations on five continents.

As a trusted food and beverage supplier to the world’s leading retailers, restaurants, distributors, and food manufacturers, Schreiber’s products feed families in more than 95 countries and its global IT capability centers serve more than 10,000 employee-partners worldwide.

“To fuel Schreiber’s next era of rapid growth, we are taking a bold, transformational leap forward in how we operate and serve our customers,” said Trevor Farrell, President of Schreiber Foods. “By leaning into next-generation, agentic AI with Ascendion, we are reinforcing the very foundation of what our customers rely on us for: world-class quality, safety, and service. This technology will empower our employee-partners, accelerate our innovation, and allow us to deliver even greater impact at scale.”

Through the partnership, AI agents will help Schreiber and Ascendion teams get quality and food safety signals to decision-makers faster, modernize the ERP environment, and give regional teams a more unified way to collaborate. Over time, repetitive, high-volume technology work will increasingly be performed by AI agents, freeing Schreiber’s engineers and analysts to focus on work that requires human judgment and creativity. Ascendion’s proprietary Engineering to the Power of AI method and tools will balance work across people and AI to ensure security, privacy, compliance, and ethical alignment.

For Ascendion, the engagement reflects what Chief Executive Officer Karthik Krishnamurthy described as a special kind of responsibility. “Schreiber Foods’ mission is one of the most consequential out there. We are honored to deploy technology that helps Schreiber bring food to people all over the world,” Krishnamurthy said. “Schreiber leaders recognize the impact that can be unlocked by AI-native operations across their global network. It’s a bold vision built on a powerful foundation of success, and we’re thrilled to bring the full power of AI to this partnership.”

Technology is at the core of the partnership. Schreiber has deployed multiple AI tools, and the Ascendion partnership builds on that foundation. Ascendion will leverage AAVA, its proprietary agentic AI platform, to accelerate AI across capability center workflows, drive accelerated decisions on the plant floor, provide stronger traceability across geographies, and lower the technology cost base while increasing operational resilience for the next phase of growth.

“AI is a significant driver of transformation, but its real strength lies in how it empowers our people,” said Sri Kantamneni, Executive Vice President, Chief Information & Digital Officer at Schreiber Foods. “Through this strategic collaboration with Ascendion, we’re equipping our capability centers with AI-native tools that elevate our internal service and operational standards. By giving our employee-partners better, smarter tools to work with, we enable them to focus less on manual processes and more on driving customer success and accelerating our growth.”

“We’re accountable for outcomes, not effort,” added Dharam Gurbani, Chief Growth Officer at Ascendion. “What changes for Schreiber Foods’ plants, customers, and consumers is the only scorecard that matters. Our partnership will re-set expectations for velocity, efficiency, and operational excellence across capability centers in the United States, Mexico, India, Spain, and Poland. We are grateful for the trust Schreiber is putting in Ascendion, and we’re excited to accelerate toward the future.”

To know more about the Schreiber collaboration, click here.

About Schreiber Foods

Schreiber Foods strives to do good through food every day. Based in North America, Schreiber is an employee-owned, customer-brand leader in cream cheese, natural cheese, process cheese, beverages and yogurt. Its more than 10,000 employees and presence on five continents enable Schreiber to be an essential ingredient in its customers’ success. With annual sales of more than $7 billion, Schreiber partners with the best retailers, restaurants, distributors and food manufacturers around the globe. Schreiber also recognizes its responsibility to do good in the world and is driven to make a difference in everything it does.

About Ascendion

Ascendion is an AI-native software engineering company that partners with global enterprises to drive agentic transformation across how they build, modernize, and operate software. AAVA™, Ascendion’s proprietary agentic AI platform, brings expert engineers and AI agents together as one operating model, closing the last mile between ambition and outcome and turning velocity into measurable business results. The result: faster time-to-market and value that compounds over time. Find out more at www.ascendion.com.

Engineering to the Power of AI and AAVA are trademarks or service marks of Ascendion®. AAVA™ is pending registration. Unauthorized use is strictly prohibited.

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AegisClear Aligns Strategy with Taiwan’s Asian Asset Management Center Initiative

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Developing Digital Asset Infrastructure to Support Financial Innovation and Cross-Border Connectivity

KAOHSIUNG, Aug. 5, 2026 /PRNewswire/ — AegisClear, a Taiwan-based digital asset technology platform, today announced its commitment to expand its tokenization and stablecoin-related settlement and custody capabilities in support of Taiwan’s Asian Asset Management Center (“AAMC”) initiative.

As Taiwan continues to develop as an important capital market in Asia, the financial ecosystem is entering a significant period of opportunity. Taiwan is now the fourth largest stock market by capitalization, with stock market capitalization surpassing US$5 trillion. Alongside the government’s ongoing efforts to develop financial technology and virtual asset regulatory frameworks, AegisClear aims to apply its digital asset expertise to support institutional collaboration, financial technology integration and innovation in line with the AAMC’s objectives.

AegisClear is closely monitoring developments in Taiwan’s virtual asset regulatory framework and intends to assess the relevant licensing or registration requirements when the applicable application mechanisms become available.

“The strong government support for real-world tokenization and stablecoins from Taiwan and the AAMC recognizes the global trend of transforming the financial sector and wealth reserves,” said Serra Wei, Co-founder of AegisClear. “By connecting traditional financial assets, digital assets and stablecoin-related technologies, AegisClear seeks to provide institutions with efficient, transparent and interoperable infrastructure for custody and settlement. We believe this can support the long-term development and international connectivity of Taiwan’s financial market.”

Digital asset technologies and stablecoin-related applications are attracting increasing attention across financial markets, creating new opportunities for institutions to explore digital assets as part of their broader financial technology strategies. In addition to supporting the direction of the AAMC initiative, AegisClear is exploring opportunities to contribute to government-supported financial technology, sustainability and entrepreneurship initiatives in Taiwan.

Through its engagement with the Kaohsiung Fintech Innovation Park, AegisClear plans to explore digital asset applications for diversified green finance products and services. By leveraging financial technology infrastructure, the company aims to support the exploration of tokenized RWA applications that may contribute to net-zero transition and green growth objectives.

AegisClear has also been selected for the 2026 Taiwan Women’s Entrepreneurship Academy, organized by the Small and Medium Enterprise and Startup Administration of Taiwan’s Ministry of Economic Affairs.

In addition, AegisClear is establishing its Sandbox Hub, a company-operated demonstration and testing environment for financial institutions. Sandbox Hub will provide in-person demonstrations and an online testing portal through which institutions can explore digital asset issuance, custody and settlement solutions. The Sandbox Hub is not a regulatory sandbox operated by government authorities.

About AegisClear

AegisClear is a Taiwan-based digital asset technology platform that provides institutional-grade on-chain delivery-versus-payment (“DvP”) functionality. Through a unified custody infrastructure, the platform supports digital asset custody and settlement workflows.

Its solutions are designed for multi-chain and multi-platform environments, with compatibility across public and private blockchains. AegisClear also integrates with tokenization platforms to support institutions in managing digital asset-related services.

The Aegis Group ecosystem includes Aegis Trust Company in the United States, Digital Asset Clearing Center (“DACC.HK”) in Hong Kong, and the Tokenization Foundation.

Aegis Trust Company provides digital asset custody, fiat on- and off-ramp, custody-based staking and tokenized asset-related services, subject to applicable laws, regulatory requirements and service availability.DACC.HK focuses on digital asset settlement infrastructure and cross-border financial technology applications, including the exploration of digital bonds, stablecoins, central bank digital currencies (“CBDCs”) and cross-border payment-related technologies.The Tokenization Foundation is a public charity that leverages artificial intelligence (“AI”), blockchain and digital asset technologies to explore more timely, transparent and scalable methods of supporting humanitarian aid funding.

With an emphasis on security, innovation, and operational excellence, AegisClear develops technology infrastructure that connects traditional finance with digital asset management.

Website: http://aegisclear.com

View original content:https://www.prnewswire.com/apac/news-releases/aegisclear-aligns-strategy-with-taiwans-asian-asset-management-center-initiative-302843544.html

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TONGWEI Secures Fourth Consecutive Fortune Global 500 Listing

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CHENGDU, China, Aug. 5, 2026 /PRNewswire/ — TONGWEI, a global leader in renewable energy and one of the world’s largest integrated photovoltaic manufacturers, has once again secured a place on the 2026 Fortune Global 500, ranking No. 464 globally. This marks the fourth consecutive year that TONGWEI has been included in the prestigious ranking, recognizing its strong manufacturing capabilities, business resilience, and continued growth in the global clean energy market.

The 2026 Fortune Global 500 ranking reflects the scale and competitiveness of global enterprises. The companies listed this year generated combined revenues of approximately US$43.1 trillion, exceeding one-third of global GDP. The minimum revenue threshold for entry increased from US$32.2 billion to US$33.2 billion, representing a 3% year-on-year rise. Despite a challenging global economic environment, only 122 companies from China made the list, making China the second-largest contributor after the United States.

Against the backdrop of global economic uncertainty and ongoing industrial transformation, TONGWEI’s continued presence on the Fortune Global 500 represents international recognition of its comprehensive strength. It also reflects growing confidence in the long-term value and development potential of the renewable energy industry.

Built on advanced manufacturing capabilities and continuous technological innovation, TONGWEI has established a vertically integrated photovoltaic ecosystem covering high-purity polysilicon, solar cells, and PV modules. Through large-scale intelligent manufacturing, strict quality control, and sustained R&D investment, TONGWEI continues to strengthen its position as a global leader in solar technology.

Among its latest innovations, the TNC 3.0 module series represents TONGWEI’s next-generation high-efficiency PV solution. Designed with advanced cell and module technologies, TNC 3.0 delivers higher power output, improved conversion efficiency, and enhanced energy yield for diverse application scenarios. The series achieves a maximum power output of 770W and efficiency of up to 24.8%, helping customers further reduce LCOE and maximize project returns.

Building on the TNC platform, TNC 3.0 BIFIMAX further enhances energy generation potential with superior bifacial performance. Certified by TÜV Rheinland, the module achieves a bifaciality of up to 93.07%, making it highly suitable for utility-scale projects and applications with strong rear-side irradiation potential.

From Fortune Global 500 recognition to continuous breakthroughs in photovoltaic technology, TONGWEI is leveraging its manufacturing excellence and innovation capabilities to support the global transition toward a cleaner and more sustainable energy future.

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SOURCE TONGWEI

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LG Highlights 5-Year Panel Warranty with OLED Care+ Across 2026 Premium TV Range

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LG’s G6, C6, and W6 OLED evo TVs redefine the visual landscape with unmatched brightness, wireless luxury, and the AI-powered Alpha 11 Processor

News Summary:

Customers in the UAE, Oman, Qatar, and Bahrain can enjoy their premium entertainment worry-free with LG’s OLED Care+, featuring a 5-year limited panel warranty on G6, C6, and W6 models.LG’s 2026 OLED series, the G6, C6, and wireless W6, features the Alpha 11 AI Processor Gen3 for a noticeable step up in overall picture quality.Features range from the ultra-slim 9mm Wallpaper profile of the wireless W6 to the robust webOS platform, bringing unmatched aesthetic appeal and personalized intelligence to living rooms across the Gulf.

DUBAI, UAE, Aug. 5, 2026 /PRNewswire/ — LG Electronics (LG) has underscored its ongoing commitment to consumer trust and product reliability by highlighting the sustained availability of its OLED Care+ program. Designed to protect the investment of home entertainment enthusiasts, OLED Care+ includes a 5-Year Limited Panel Warranty, offering customers in the UAE, Oman, Qatar, and Bahrain reliable and worry-free screen coverage for the OLED evo G6, C6, and the Wireless W6 series.

LG’s 2026 OLED TV lineup represents a monumental leap forward in home display technology. Led by the powerful Alpha 11 AI Processor Gen3, these TVs offer unprecedented brightness, color volume, and smart room-integration features that adapt perfectly to any environment.

Pure Architectural Elegance: The Wireless LG OLED evo W6

Reimagining the concept of living space integration, the LG OLED evo W6 marks the return of LG’s iconic ‘Wallpaper’ aesthetic. With an ultra-thin 9mm profile, the screen mounts flush to the wall like a piece of fine art. The W6 eliminates physical clutter by utilizing LG’s True Wireless technology and Zero Connect Box, transmitting flawless audio and video signals up to 4K resolution at high refresh rates without a single visible cable connecting to the screen.

Brightness Redefined: The Flagship LG OLED evo G6

The LG OLED evo G6 is the pinnacle of LG’s display engineering, featuring a Flush Fit Gallery Design. Powered by the groundbreaking Primary RGB Tandem 2.0 OLED panel and paired with a Reflection Free Premium screen coating, the G6 achieves exceptional peak brightness and stunning contrast, making it perfect for even the most brightly lit living rooms in the Gulf.

Versatility and Power: The LG OLED evo C6

For users seeking the perfect balance of premium performance and versatility, the LG OLED evo C6 utilizes the same high-tier Alpha 11 AI Processor Gen3 as the flagship models. The C6 delivers incredible gaming response times, cinematic contrast, and vibrant colors across a massive range of screen sizes, solidifying its place as the definitive choice for gamers and movie lovers alike.

Long-Term Assurance: OLED Care+ 5-Year Panel Warranty

To ensure that users can enjoy this next generation of television technology with absolute peace of mind, LG is highlighting its OLED Care+ guarantee. OLED Care+ combines advanced, built-in display care technologies (which run automatic background optimization, pixel cleaning, and diagnostic routines to maintain pristine picture quality) with physical panel protection. Under the 5-year limited panel warranty, the OLED panel is fully protected against manufacturer defects, ensuring that these premium screens remain a beautiful focal point of the home for years to come.

About LG Electronics Media Entertainment Solution Company 

The LG Media Entertainment Solution Company (MS) is a recognized innovator in televisions, audio, displays and smart TV platforms. The MS Company enhances the media entertainment experience with its OLED TVs, renowned for perfect black and perfect color, and premium LCD QNED TVs, all powered by the personalized webOS smart TV platform. The MS Company also offers Information Technology solutions (gaming monitors, business monitors, laptops, projectors, cloud devices and medical displays) as well as Signage solutions (Micro LED signage, digital signage, hospitality displays and signage software solutions) that are designed to maximize customers’ work efficiency and deliver strong value. For more news on LG, visit www.LGnewsroom.com

 

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