Connect with us

Technology

/C O R R E C T I O N – Andx Global/

Published

on

In the news release, AndX Global Unveils Manila One, a First-of-Its-Kind Tokenized Land Development With Global Access, issued 29-Oct-2026 by Andx Global over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:

AndX Global Unveils Manila One, a First-of-Its-Kind Tokenized Land Development With Global Access

$100 million USD-denominated offering brings a 54-hectare Metro Manila development on-chain, built for global distribution and secondary trading.

NEW YORK, Oct. 29, 2026 /PRNewswire/ — AndX Global today unveiled Manila One, a $100 million initiative that is the first to tokenize a large-scale, development-stage land project and open it to investors worldwide from day one.

Originated in the Philippines, structured through a U.S.-based investment framework and built for distribution to eligible investors globally, Manila One represents a new model for cross-border real estate investing. It combines a local asset, institutional structuring, global access and a path to liquidity.

Manila One applies tokenization where the most value is created, in the development of raw land, and opens it to investors around the world from the start.

“Tokenization without liquidity is simply digitized illiquidity,” said Viru Raparthi, CEO of AndX Global. “Manila One changes that model by giving global investors access at the development stage, while building toward real liquidity. This isn’t just about tokenizing real estate. It’s about creating a global market for real-world assets.”

Designed for global investors

Manila One is built to overcome the barriers that have kept private real estate closed to most investors: access, currency, minimums and exit.

Global access: open to eligible investors in more than 190 countries, subject to applicable lawUSD-denominated: priced and reported in U.S. dollarsLow minimum: tokens priced to ensure maximum participationDigital ownership: each token represents an economic interest in the development-stage project, with digital custody and blockchain-based recordkeepingBuilt for liquidity: designed for secondary trading on regulated AndX exchanges globally, so eligible holders can buy and sell their interests rather than stay locked into a multi-year private investment

Behind the offering is an end-to-end model that AndX intends to apply to other asset classes. It runs from origination through U.S. structuring, digital issuance, global distribution and custody to secondary trading. AndX Global provides the technology, tokenization, exchange, custody, payments and distribution infrastructure.

“The next generation of capital markets won’t be defined by geography,” Raparthi said. “It will be defined by access.”

The asset: 54 hectares, 5 km from Bonifacio Global City

The project centers on about 54 hectares of waterfront land roughly 5 kilometers from Bonifacio Global City (BGC), Metro Manila’s leading business district. Proceeds will fund horizontal development, including roads, utilities, drainage and other core infrastructure, to prepare the site for future residential, commercial and mixed-use construction. A later phase is planned to include affordable housing.

Manila One is sponsored by Jack Rodriguez, a Filipino entrepreneur and President of ARC Pacific Development, Inc., whose family story spans generations and two countries. His ancestry traces to passengers associated with the Mayflower and America’s earliest Pilgrim settlers, while his own roots remain deeply connected to the Philippines. Rodriguez sees the project as a bridge between the United States and the Philippines.

“Major development opportunities in the Philippines have mostly been available to a small circle of institutions, developers and wealthy families,” said Rodriguez. “Manila One opens that up, starting with Filipinos around the world and extending to investors everywhere who want a stake in transforming a major Philippine asset.”

The project is advised by Romel C. Cañete, widely regarded as one of the early visionaries behind Manhattan’s Hudson Yards transformation. Cañete evaluated developer bids for more than 40 million square feet of mixed-use development over the West Side rail yards — work that helped shape what became one of the most successful and consequential urban redevelopment projects in modern New York City.

“On Hudson Yards, the first question was whether the infrastructure could carry the vision,” said Cañete. “Manila One starts in the same place. What’s different is who gets in on the ground floor. It’s not just a handful of institutions anymore, but investors around the world.”

Offering at a glance

Offering size: $100 millionUnderlying asset: about 54 hectares of waterfront land near BGC, Metro ManilaIndicated land value: more than $200 million, per Cuervo Valuers & Advisory, Inc. (appraisal dated February 3, 2026)Term: three yearsPreferred return: 8% per year, simple and non-compounding (24% over the three-year term)Additional upside: 100% return on investment tied to appreciation of the underlying land, subject to offering termsEligible investors: retail and institutional, in more than 190 countriesOffering documents and eligibility: andx.ai/m1

About Manila One

Manila One is a tokenized real estate offering tied to the horizontal development of about 54 hectares of waterfront land near Bonifacio Global City in Metro Manila. ARC Pacific Development, Inc. is the sponsor, and AndX Global provides the tokenization and distribution infrastructure. Learn more at andx.ai/m1. 

About AndX Global

AndX Global is a financial technology company expanding global access to financial markets and real-world assets. Its infrastructure spans licensed digital-asset trading, payments, tokenization, custody and liquidity. Its mission is to let investors trade any asset, anywhere, anytime. Learn more at andx.ai. 

Important disclosure

This communication is for informational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, any security or investment product. Any offering will be made only under applicable securities laws and through definitive offering documents containing material information about the investment, its risks and its terms. Investing involves risk, including possible loss of principal. The preferred return is not guaranteed. Statements about liquidity, secondary trading, returns, appreciation or future value are forward-looking and not guaranteed. Secondary trading, if available, will be subject to securities laws, regulatory approvals, transfer restrictions and the availability of an appropriate venue. Securities-related activities in the United States, where applicable, will be conducted through appropriately registered entities.

Media contacts

United States
Roxanne Rittberg
roxanne@andx.ai
+1 (561) 544-7172

Philippines
Mikel Cañete
mikel@andx.ai 

Correction: An earlier version of this release did not have the proper hyperlinks.

View original content to download multimedia:https://www.prnewswire.com/news-releases/andx-global-unveils-manila-one-a-first-of-its-kind-tokenized-land-development-with-global-access-302924313.html

SOURCE Andx Global

Continue Reading

Technology

Karma Automotive Announces Eximius, the Bespoke Vehicle Program for Elite Clients Seeking Singular Expressions of Extreme Performance and Bold Craftsmanship

Published

on

By

The First Eximius Creation, “Eximius 1,” is a Menacing Four-Seater Built for the Track which Makes its World Premiere at the 2026 Concours at Wynn Las Vegas

LAS VEGAS, Oct. 31, 2026 /PRNewswire/ — Karma Automotive builds vehicles in the hundreds rather than the thousands, attracting a highly individualistic clientele seeking a unique statement. For those who wish to go further still, and explore new possibilities beyond the extensive options for personalization available through the Studio program, Karma has created the Eximius bespoke vehicle program. Eximius clients may modify the vehicle’s body, performance and powertrain, collaborating with Karma’s design and engineering teams to build a One-of-One statement which will never be repeated.

Karma Eximius clients may modify the vehicle’s body, performance and powertrain to build a One-of-One statement

The first vehicle from Karma Eximius debuts today at the 2026 Concours at Wynn Las Vegas. A menacing four-seater purpose-built for the track, “Eximius 1” is in ongoing development with its commissioning client, who is not revealed at this time. Upon delivery in 2027, “Eximius 1” will be fitted with an extreme-performance Plug-in Series Hybrid utilizing a 6.2 Liter V8 producing nearly 1200hp (550hp ICE, 645hp battery), delivering acceleration from 0-60mph in 2.7 seconds and a top speed in excess of 200mph (estimated). As these parameters would demand, “Eximius 1” will be equipped with carbon-ceramic brakes and two-piece slotted brake rotors, and Ohlins semi-active suspension.

“‘Eximius 1’ began as a conversation with an elite client who loves their Karma Revero, but wanted something more extreme and unexpected, which was music to our ears,” says Marques McCammon, President and Chief Executive, Karma Automotive. “The Eximius program effectively deletes the word ‘no’ from conversations about what’s possible,” he continues, “and as a four-seat track weapon packing what’ll be the most powerful Plug-in Series Hybrid powertrain and vehicle ever developed, ‘Eximius 1’ shatters expectations and further establishes Karma as a manufacturer of exotic, uniquely American vehicles.” 

Exterior Design
“Eximius 1” is an imposing vehicle to behold, exhibiting the muscularity and eyepopping strength of a superhero. Every panel – excluding the body surface outer – is constructed of pre-impregnated carbon fiber, and the vehicle is 50mm wider due to its wheel arch extensions. The front doors and hood have a unique technical fade from glossy, exposed regular carbon fiber to signature Borealis Blue paint.

The front carbon splitter sets an aggressive tone and is flanked by massive side air intakes incorporating Karma’s Target Acquisition Lighting, rotated 45º to create a distinctive ‘><‘ DRL graphic identity. On the hood, the dramatic arc of the Comet Line – which is inspired by Halley’s Comet is it streaks across the evening sky – widens from its apex towards the base of the windshield; vents above the front fenders release air pressure from the wheel housings and add further visual intrigue. Moving to the side of the vehicle, the front fenders aft of the wheels feature Karma’s signature “Backslash” bearing the number “5,” which is of particular significance to the commissioning client. 21″ Magnesium wheels with center-locks reduce rotating and unsprung mass, and are finished in satin black. Aft of the driver’s side front wheel, twin exhaust tips announce the fearsome new powertrain.

The full-width rear GT wing maximizes stability and downforce at high speeds, and continues the distinctive ‘><‘ DRL graphic identity established at the front of “Eximius 1.” The rear fascia also boasts large side air intakes which are connected by a dominant diffuser to manage underbody airflow.

Interior Design
An aura of intensity continues to the interior of “Eximius 1.” In concert with the exterior, blue-tinted carbon-fiber adorns the seats, flat-bottom steering wheel and doors; for aesthetics and weight-savings, all four doors are manufactured in exposed carbon fiber with one purposeful arm pad on each door. The seats, which are Recaro carbon fiber buckets up front, are trimmed with blue Alcantara and blue Italian leather with Moondust Alcantara upper sections, creating an articulated, form-fitted feel. To support high-speed driving and intense braking force, the accelerator, brake pedal and dead pedal are billet machined aluminum.

The instrument panel is reimagined in glossy carbon fiber and incorporates anodized billet aluminum HVAC vents. The carbon fiber center console is simplified to include the essentials only: the PRND gear selector, window switches, key fob holder, and Emergency kill switch. This console extends through to the rear compartment, to which the client’s custom-fitted carbon fiber racing helmet is held in place by a center-latched strap matching the blue seat belts.

About Karma Automotive
Karma Automotive is America’s only full-line ultra-luxury vehicle manufacturer, and a pioneer of Plug-in Series Hybrid vehicles which it manufactures at its Karma Innovation and Customization Center (KICC) in Moreno Valley, CA. Its Executive, Product Development, and Design headquarters are located in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. The Gyesera Grand Coupe, a Plug-in Series Hybrid four-seater, arrives at dealerships in December 2026; and the Amaris GT 2-Door Plug-in Series Hybrid arrives in Q4 2027. The Karma Kaveya Super Coupe, with over 1,000HP and butterfly-doors, will arrive in Q1 2028, to be followed by the Karma Ivara GT-UV: both EVs will incorporate SDVA (Software-Defined Vehicle Architecture) developed with leading technology partners. For more information, visit www.karmaautomotive.com) 

Media Contact:

Joe Richardson, (917) 716-6617
Joe@BeautifulNoisePR.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/karma-automotive-announces-eximius-the-bespoke-vehicle-program-for-elite-clients-seeking-singular-expressions-of-extreme-performance-and-bold-craftsmanship-302925523.html

SOURCE Karma Automotive

Continue Reading

Technology

ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control

Published

on

By

BEIJING, Oct. 31, 2026 /PRNewswire/ — ModelBest and OpenBMB jointly announced the release and open-source availability of the MiniCPM-OCR series, a family of models for efficient document parsing and parsing-quality assessment. The launch includes two models: MiniCPM-OCR 1.0 (1.3B) and MiniCPM-OCR Jev (2B).

As the first OCR-focused model in the MiniCPM family, MiniCPM-OCR 1.0 brings top-tier parsing accuracy to a compact 1.3-billion-parameter architecture optimized for edge deployment, pushing forward the balance between efficiency and performance for open-source OCR models. Built for real-world conditions, it accurately parses scanned, photographed, curved, tilted and screen-captured documents without cumbersome image pre-correction, lowering the barrier to large-scale document digitization.

The model handles dense bilingual Chinese-English content, complex mathematical formulas, and multi-level or borderless tables, consistently performing at a leading level across a broad range of mainstream industry evaluations. Beyond full-page reconstruction, it supports key information extraction (KIE), pulling specified fields from invoices, IDs and financial statements according to business instructions.

Powered by DSpark decoding acceleration, MiniCPM-OCR 1.0 significantly increases end-to-end throughput while lowering per-page latency. For enterprises processing millions of pages—such as financial contract archives, academic libraries and government records—this means processing far more documents with the same hardware and time budget, at a substantially lower computing cost.

To address the long-standing need for page-by-page manual review, ModelBest and OpenBMB also introduced MiniCPM-OCR Jev, the first OCR result decision model that acts as an “AI quality inspector.” Rather than performing OCR itself, Jev compares the source image with OCR output and rapidly assigns confidence scores to text, LaTeX formulas and tables, detecting missing characters, errors and formatting misalignments. Despite its compact 2B-parameter size, Jev delivers judgment accuracy typically associated with far larger models.

Jev supports cross-model deployment and can be integrated into existing OCR workflows without replacing the underlying OCR engine. It can automatically identify reliable results for direct processing, flag potentially inaccurate outputs for human review and select the best result from multiple OCR systems. This enables enterprises to move from full manual inspection toward risk-based, automated quality control.

The MiniCPM-OCR series is available on GitHub, Hugging Face and ModelScope, and supports vLLM, SGLang, llama.cpp and Ollama, along with SDKs, APIs, Agent Skill plugins and open-source fine-tuning code. Day-0 hardware adaptation covers AMD, Arm, Houmo AI, Intel and NVIDIA. Through the FlagOS software stack, it also has Day-0 support for AI and edge chips from CIX Technology, Huawei Ascend, Hygon, Iluvatar CoreX, Kunlunxin, MetaX, Moore Threads, Sunrise, T-Head, TsingMicro, NVIDIA and Apple Mac (Arm).

View original content:https://www.prnewswire.com/news-releases/modelbest-and-openbmb-open-source-minicpm-ocr-series-delivering-high-performance-document-parsing-and-ai-powered-quality-control-302925594.html

SOURCE ModelBest

Continue Reading

Technology

Wulcea Elevates Consumer Trust in Heated Apparel Through Multi-National Safety Certifications and Rigorous Technical Testing

Published

on

By

NEW YORK, Oct. 31, 2026 /PRNewswire/ — As smart heated clothing gains broader adoption, consumers are paying closer attention to the safety and reliability of the technology behind these products. Wulcea, a brand specializing in graphene-powered heated apparel, combines its flexible GrapheneNano™ heating technology with documented safety compliance and durability testing for its heating components and battery systems.

“Trust in smart heated apparel goes beyond warmth—it comes down to confidence in battery safety and heating element reliability,” said John C, Founder of Wulcea. “Our goal is to give users peace of mind through certified technical standards.”

Advanced Graphene Heating Elements Supported by Global Standards

At the core of Wulcea’s thermal architecture is its GrapheneNano™ heating technology. Engineered to eliminate garment stiffness, Wulcea integrates flexible graphene elements that deliver balanced warmth across key upper-body zones while preserving natural garment drape and full freedom of movement.

Wulcea supports its heating components with applicable compliance documentation for major markets. These include CE and FCC compliance documentation addressing relevant electrical and electromagnetic compatibility requirements, as well as PSE compliance for applicable products in Japan. RoHS compliance further addresses restrictions on specified hazardous substances in applicable electrical and electronic components.

Multi-Certified Battery System for Dependable Power

To power its heating elements, Wulcea pairs its heated apparel with rechargeable battery systems designed for convenient everyday use. Featuring a compact design and housed in dedicated interior pockets, the batteries provide portable power while maintaining a streamlined garment profile and comfortable fit.

Wulcea backs its battery options with comprehensive third-party accreditations. UL certification demonstrates that the battery system has been evaluated against recognized power bank safety requirements, covering key areas such as overcharge protection, short-circuit protection, and thermal safety. The battery systems are also supported by applicable CE and FCC compliance documentation, addressing relevant regulatory requirements for electrical and electromagnetic compatibility.

For daily handling and travel, RoHS compliance validates that the battery system meets stringent global standards for material safety. The battery models have also undergone applicable UN 38.3 testing, supporting compliance with international requirements for lithium battery transportation.

Real-World Durability and Practical Usability

Component compliance forms Wulcea’s foundation, but reliability is defined by real-world performance. Built for high-flex endurance, Wulcea’s flexible graphene heating elements are tested through 10,000 active flexing cycles to maintain steady thermal output through repeated bending and everyday body movement.

Everyday convenience is equally essential. Built for hassle-free care, Wulcea’s heating elements withstand 100 machine-wash cycles under standard care guidelines, maintaining internal conductivity and structural stability under repeated laundering.

Integrated NTC temperature sensors provide thermal monitoring and are designed to stop heating if temperatures exceed 131°F (55°C). Combined with runtime of up to 10 hours on the low setting and a discreet interior control button, these features support practical everyday use in cold-weather conditions.

Aligning Technical Standards with Everyday Warmth

By combining graphene-based heating technology with documented battery safety compliance and durability testing, Wulcea continues to focus on the technical foundations of dependable heated apparel. This approach reflects the brand’s emphasis on bringing together safety considerations, practical functionality, and everyday comfort for cold-weather use.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wulcea-elevates-consumer-trust-in-heated-apparel-through-multi-national-safety-certifications-and-rigorous-technical-testing-302925554.html

SOURCE Wulcea

Continue Reading

Trending