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IBM and the USTA Introduce New AI-Powered Fan Experiences for 2026 US Open
NEW YORK , Aug. 24, 2026 /PRNewswire/ -- IBM (NYSE: IBM ) and the United States Tennis Association (USTA) today announced new and enhanced AI-powered fan features coming to USOpen.org and the US Open app for this year's tournament. Three new, enhanced AI-powered innovations are designed to help fans cut through the noise, stay closer to the action and experience the US Open in a more personalized way than ever. Since 1992, IBM and the USTA have brought some of the most advanced digital experiences in sports to more than 14 million global tennis fans annually. This year's tournament comes at a time when audience demand for AI-powered features is gaining momentum, as accuracy, not speed, shapes the digital sports experience. According to a new global survey also out today from Morning Consult and commissioned by IBM, 91% of global tennis fans surveyed use sports apps during events, with high trust (64%) in AI-powered sports content. At the heart of this year's experience is the all-new Live Updates homepage — a smarter, more personalized way for fans to follow the action that matters most to them. Fans can prioritize their favorite players and quickly zero in on the matches, insights and stories they care about most. IBM Match Statistics App (Photo Credit: IBM) A new Serve Quality metric puts a whole new spin on how fans watch serves. Available across all 254 singles matches, the AI-powered tool uses advanced limb-tracking technology developed with IBM Bob to help analyze the precise mechanics of every serve – with 21 data points across the body and racquet, tracked 50 times per second. That means everything from wrist flex to the transfer of energy from a player's legs through their torso is captured, generating roughly 1.2 billion data points over the course of the tournament. The continuous stream of live data — including efficiency, accuracy, consistency and ball toss — is managed by IBM Confluent . The result: a Serve Quality score generated in near real-time, giving fans a new way to understand what makes a great serve great. Also new this year, Key Moments takes the popular live Likelihood to Win feature a step further, helping fans understand not just who's winning – but why. Available for all singles matches, Likelihood to Win calculates each player's probability of victory using an AI-powered analysis of current and historical statistics, expert opinion and match momentum. Key Moments provides additional, richer information, to summarize the swings, turning points and momentum shifts that change each match in an instant. IBM SlamTracker App (Photo Credit: IBM) The enhanced Match Chat acts as an interactive companion throughout each match, letting fans ask questions in their own words to get instant, conversational answers. Some responses now go beyond text, bringing in relevant photos and video to add even more context. Match Chat, powered by watsonx Orchestrate , draws on an expanded mix of live match data, analysis and historical information. A collection of AI agents and fit-for-purpose models trained in the USTA's editorial style and the language of tennis make responses feel right at home on the court. IBM Match Chat App (Photo Credit: IBM) "Our work with IBM this year has been game-changing, pushing the boundaries of what's possible in digital fan engagement," said Brian Ryerson, Senior Director, Digital Strategy, USTA. "By leveraging their AI capabilities, we're delivering new, innovative, and highly personalized content and insights to our millions of fans worldwide, while significantly enhancing our ability to tell compelling stories throughout every match of the US Open." "Our partnership with the USTA continues to redefine digital sports experiences," said Jonathan Adashek, Senior Vice President, Chief Global Affairs Officer at IBM. "We can take millions of live data points streaming from the court and automatically route them into workflows that deliver usable insights in minutes and hours. These capabilities of Confluent, Bob and other IBM technologies help deliver a more intelligent experience, drawing greater value from data and changing the game for the US Open." The 2026 US Open runs from August 23 – September 13. Explore these IBM technologies and more by visiting USOpen.org and/or the US Open app available in the Apple and Android app stores on all mobile devices. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. Media contact: Paul Pettas IBM paulpettas@ibm.com Serve Quality Data Capture.
2026-08-24 04:01:00

IBM Study: Sports Fans Want Streamlined Digital Experiences as Platform Choices Expand
AI use among surveyed sports fans increased in 2026, with accuracy driving fan trust Nearly half of respondents would download a single, consolidated sports app -- but only about 3 in 10 would pay for one Managing multiple subscriptions has become a source of frustration for surveyed sports fans ARMONK, N.Y. , Aug. 24, 2026 /PRNewswire/ -- New research commissioned by IBM (NYSE: IBM ) reveals the digital expectations of surveyed sports fans are rising as they navigate more platforms, subscriptions and technology. According to the latest IBM Sports Intelligence Report *, based on responses from more than 20,000 sports fans across 12 countries, 46% of those surveyed say their expectations for digital sports experiences are higher than they were one to two years ago. That shift is already visible in their viewing habits. Thirty percent (30%) of surveyed fans say they are most likely to use a subscription streaming service to watch live sports, nearly even with the 29% who select linear broadcast. Respondents who watch sports through digital platforms – such as streaming services -- cite convenience (43%) and access to exclusive content (27%) as the top reasons for choosing digital viewing over linear. AI usage gains momentum, as accuracy shapes the AI-powered sports experience AI use among all respondents increased from 52% to 69% year over year, while 59% say they trust AI-generated sports content -- down from 63% last year. As AI becomes more widely utilized, the data suggest that familiarity may be a factor in driving trust: surveyed fans who already use AI trust AI-generated sports content nearly three times more than those who do not (74% vs. 27%). According to the research, accuracy matters more to fans than speed: 44% of respondents prioritize highly accurate sports information compared with 23% who prioritize speed, while accuracy is the top driver of trust in AI-powered insights, cited by 45%. Sports apps emerge as a central hub for fandom Nearly three-quarters (72%) of surveyed fans report using sports apps. A similar share (74%) say they trust sports apps and digital platforms to provide accurate and reliable information, second only to traditional broadcasters at 79%. Many are also seeking a more consolidated experience. While 47% of respondents say they would be likely to download and use a centralized sports app, only 29% are willing to subscribe and pay for one. Premium live viewing and having all content in one place are top potential drivers of paid sports app subscriptions at 61% each, followed closely by exclusive content and an ad-free experience, both at 58%. Among surveyed sports app users, 40% cite having information in one place as the leading motivator for using sports apps, while 35% use them for real-time updates when unable to watch or listen to an event. In addition, 30% of these respondents say they use live statistics and analytics more than they did one to two years ago, making it the fastest-growing app feature measured. Apps also extend beyond information and engagement to transactions. In the past year, 33% of surveyed users bought tickets, 30% ordered food or beverages at a live event, and 29% purchased merchandise through a sports app. "Sports fans want reliable, connected digital experiences that bring everything together in one place so they don't need to toggle back and forth between multiple apps," said Kameryn Stanhouse, Vice President, Sports and Entertainment Partnerships, IBM . "As fans' digital expectations keep growing, the organizations that earn their trust will be the ones that combine accuracy with streamlined experiences that put the power in fans' hands." Other key findings: More platform choices add complexity for fans : 39% of surveyed fans report frustration with managing multiple subscriptions to watch sporting events they care about, rising to 46% among Gen Z respondents. Fans expect their viewing habits to evolve : 75% of respondents believe their sports viewing habits will change in the next two to three years, including 89% of Gen Z and 84% of Millennial fans. More than one-third (36%) of all surveyed fans expect to watch more live broadcast or streaming events. Sports creators influence fans well beyond the game: Nearly half (49%) of surveyed fans follow sports creators, increasing to about 6 in 10 among Gen Z and Millennial fans. Their reach extends past sports, with 70% of surveyed followers confirming creators shape their opinions or awareness in areas such as fashion, music or technology, including 22% who say creators influence multiple aspects of their lifestyle. To view the full study, visit: https://newsroom.ibm.com/image/IBM+Sports+Intelligence+Report+August+2026.pdf *Study Methodology This survey was commissioned by IBM and conducted by Morning Consult in June 2026 among a total sample of 20,589 sports fans ages 18 and older in the US, Canada, the UK, France, Germany, Italy, Spain, India, the UAE, Saudi Arabia, Mexico and Brazil. The interviews for each country were conducted online, and the data is unweighted, with ~2,000 responses per market in the US, Canada, the UK, France, Germany, Italy, Spain, and India and ~1,000 responses per market in the UAE, Saudi Arabia, Mexico and Brazil. To qualify for this survey, respondents must be at least an average sports fan and follow one or more of the following sports: soccer, cricket, tennis, basketball, baseball, rugby, golf, American football, F1 racing, track and field, swimming, and the Olympics. About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information. Media contact: Marisa Conway IBM Corporate Communications conwaym@us.ibm.com
2026-08-24 04:01:00

160X8.0 Series Launch 21st August -- Breakthrough GT1200 Carbon Plate Powers Xtep's 160X 8.0 Ultra
XIAMEN, China , Aug. 14, 2026 /PRNewswire/ -- Xtep, China's leading professional sportswear brand, will globally launch its all-new flagship marathon running shoe series, the 160X 8.0, on August 21. The top-tier 160X 8.0 Ultra will feature the brand-new GT1200 premium carbon plate. This first-ever application of high-grade carbon fiber technology in performance footwear underscores Xtep's unwavering commitment to advancing core running shoe innovation and continuously elevating racing equipment standards, showcasing the brand's world-class materials research and autonomous innovation capabilities to the global market. Image of GT1200 Carbon Plate This technological breakthrough stems from Xtep's in-depth strategic partnership with Zhongfu Shenying, a leading China carbon fiber manufacturer. The two parties entered a joint R&D collaboration in October 2025, focusing on adapting GT1200-grade high-end carbon fiber for athletic applications — successfully transferring aerospace-grade specialty materials, previously reserved for deep-space exploration, aviation manufacturing, and high-end medical devices, into the marathon racing shoe arena. The GT1200 utilizes 12K carbon fiber filaments finer than a human hair, yet delivering 10 times the strength of steel at just one-quarter of the weight. This dual advantage of ultra-lightweight construction and exceptional rigidity delivers explosive propulsion and highly efficient energy return. An outer layer of PI fiber gold protective coating cushions the intense impact of long-distance running, effectively preventing fiber breakage and significantly enhancing the carbon plate's overall stability and durability. XTEP signed runners group portrait & FENG PEIYOU single portrait holding 160X8.0 Ultra shoe Powered by aerospace-grade GT1200 carbon plate, the 160X 8.0 Ultra delivers comprehensive upgrades across three core performance dimensions: lightweight construction, superior support, and high-energy rebound — perfectly matching the high-intensity competitive demands of professional marathon runners. Over the years, Xtep's 160X series has competed in major marathon events worldwide, helping over 140 runners claim more than 620 race titles and earning widespread recognition among elite athletes globally. The debut of the GT1200 premium carbon plate once again raises the performance bar for Chinese-made racing shoes, offering professional runners worldwide a new benchmark in premium racing footwear. "Ten years of relentless innovation have shaped Xtep's technology ecosystem," said Alex, Senior Director of Xtep X-Lab. "We hope to empower every runner to go faster and farther through the power of science." Beyond product performance and athlete empowerment, Xtep places equal emphasis on runner development and community engagement. To serve the full spectrum of runners — from professional racers to recreational enthusiasts — the brand has launched the X-RUN program, featuring four core pillars: Elite Runner Program — Opens access to China's premier marathon events for top global runners, providing full professional racing gear, guaranteed entry, and accommodation to help athletes break records. Registration is currently open for the Taiyuan Marathon and Shenyang Marathon . 10KM Time Trial — A professional racing platform for competitive runners, offering limited-edition professional gear and a high-level competitive arena over the 10KM distance, immersing participants in Xtep's professional running culture. PB Master Program — An incentive initiative for the broader marathon running community. Selected runners receive Xtep footwear and apparel sponsorship, with special cash rewards for setting new personal bests. X-RUN Camp — Designed for runners tackling their first marathon or seeking a performance breakthrough, featuring dedicated professional coaches and systematic training programs to comprehensively support athletes in their race preparation. Built on an innovative model of "retail channels + community operations + digital communication," X-RUN also supports the long-term growth of local running community. Xtep transforms its offline stores into runner hubs, continuously partnering with regional running communities and delivering on its commitment to localized brand engagement — building a distinct identity as a professional running brand among runners worldwide, and helping enthusiasts of all levels chase their personal bests. Interested runners can follow Xtep's official overseas social channels — Instagram @xtepofficial and Facebook @Xtep — for full event details and registration information. Xtep pursues a dual-track development strategy: on one hand, deepening in-house research and development of professional running shoes, leveraging China's mature high-end materials supply chain to refine product performance and steadily narrowing the technology gap with leading international sportswear brands; on the other hand, balancing elite athlete support with grassroots running culture promotion through the X-RUN program, building a bridge between China's running industry and the global running community, and fostering the growth of running culture worldwide. As the global launch of the 160X 8.0 series approaches, this all-new flagship marathon shoe — equipped with GT1200 premium carbon plate technology — will empower runners around the world to push their speed limits and set new personal records, bringing China's hard-core running shoe innovation to marathon courses across the globe.
2026-08-14 07:26:00

Security and Data-Residency Reviews Push Enterprise AI Buyers Toward Self-Hosted Platforms, and FastGPT Publishes Its Terms
Open-source platform details private-deployment tiers, four support levels with stated first-response targets, and production results at a financial data provider, an auto-parts maker and a road-and-bridge group HANGZHOU, China , Aug. 14, 2026 /PRNewswire/ -- FastGPT, an open-source enterprise AI application platform, has published the commercial terms enterprise buyers evaluate alongside production deployments in regulated Chinese industries. Enterprise AI in China has moved past the question of whether an application can be built. As the first wave reached production, security, procurement and audit teams began asking different questions: where data is stored, how permissions map to the organization chart, whether actions are logged, and who is accountable when something breaks. Three deployments illustrate the shift. At a financial data provider, analysis of a single research report fell from three hours to 10 minutes, and daily output per editor rose from three-to-five report summaries to 50. At an automotive components manufacturer, 70 percent of repeat IT support requests are now handled automatically and response time moved from hours to seconds; its shared finance center, which processes over 520,000 documents a year, runs first-pass invoice checks in seconds, with exceptions still reviewed by staff. At a road-and-bridge infrastructure group in eastern China, a multi-agent inspection workflow cut full bridge inspection from days to hours. FastGPT also published its purchasing terms. Private deployment is licensed per server in three tiers, selected in a fixed order based on tenant count, integration needs and billing requirements. Technical support has four tiers, from weekday ticket support to 7x24 coverage with a one-hour first-response target. Scope is set by the current commercial plan. On reliability, FastGPT states that retrieval cannot guarantee complete recall under limited conditions, and that in some scenarios, after data-cleaning work, accuracy can come close to complete. Generated content still requires human review. "Buyers evaluate these terms item by item, so we publish them up front," a FastGPT spokesperson said. About FastGPT FastGPT is an open-source enterprise AI application platform offering RAG knowledge bases, visual workflows, agent orchestration, Skills, MCP and multi-channel publishing, available as a cloud service, community self-hosting or a commercially licensed private deployment. As of Aug. 13, 2026, its GitHub repository, labring/FastGPT, had 29,348 stars and 268 releases. The company reports more than 1,000 enterprise customers. More: github.com/labring/FastGPT Media Contact Carson Yang carson@fastgpt.io
2026-08-14 04:15:00

Helfie AI Appoints Heavyweight Tech and Governance Leaders to its Board of Directors
Former Apple and Airbnb executive Patrick Gates and ex-Meta executive Sunita Parasuraman join as Non-Executive Directors, strengthening Helfie's technology and governance. MELBOURNE, Australia , Aug. 12, 2026 /PRNewswire/ -- Helfie AI ("Helfie"), an AI-powered preventative network transforming global healthcare via mobile, today announced the appointment of Patrick Gates and Sunita Parasuraman as Non-Executive Directors. Patrick Gates and Sunita Parasuraman, Non-Executive Directors, Helfie AI Patrick Gates brings more than three decades of engineering and technology leadership, including 14 years at Apple, where he helped build iCloud, FaceTime, iMessage, and the iTunes Store. He later served as CTO of AI hardware startup Humane before joining Airbnb as Vice President and Technical Fellow, leading AI-driven product updates. Sunita Parasuraman has over 25 years of industry experience including at Apple, Genentech, VMware, and Meta, where she spent 12 years, including as Global Head of Treasury, building its global treasury organisation and overseeing the reserve backing Meta's Libra/Diem stablecoin initiative. She later became Meta's Head of Investments and New Product Experimentation, and now serves on the boards of IREN Limited, The Baldwin Insurance Group, and BitGo Holdings. Tony De Fougerolles, Chairman, Helfie AI says: "Patrick and Sunita join Helfie at an exciting time. Patrick has built infrastructure serving hundreds of millions at Apple and led AI transformation at global scale. Sunita has navigated technology, governance, and regulation at the highest levels. Together, they strengthen our Board and our mission to bring accessible preventative healthcare to everyone." Patrick Gates, Non-Executive Director, Helfie AI added : "Helfie is building something genuinely important. I'm excited to help the team navigate the infrastructure and scale challenges that come with building a global health network." Sunita Parasuraman, Non-Executive Director, Helfie AI said : "Helfie's accessible, intelligent preventative health tools could improve living standards worldwide. I look forward to bringing my experience in technology governance and responsible scaling to Helfie's growth." ABOUT HELFIE AI Helfie AI is a global human health platform for early detection, proactive prevention, and optimised wellbeing for 8 billion+ humans. The science-backed, AI-powered platform provides 30+ instant and affordable health checks via smartphone , combined with powerful medical insights, data ownership, and universal access. Helfie AI works with governments and businesses worldwide to make preventative health accessible to everyone. More details at www.helfie.ai
2026-08-12 03:37:00

RiboX Therapeutics Announces FDA IND Clearance for RXIM002, the first Circular RNA-Based in vivo CAR Therapy for Autoimmune Cytopenias
The FDA IND clearance supports the initiation of RiboX's Phase 1 clinical trial evaluating targeted LNP-delivered circular RNA-based in vivo CAR-T therapy for autoimmune cytopenias. RXIM002 represents the world's first circular RNA-based in vivo CAR-T therapy achieving FDA IND clearance. RiboX expands its clinical-stage pipeline through its proprietary targeted LNP delivery platform. SHANGHAI and CAMBRIDGE, Mass. , Aug. 8, 2026 /PRNewswire/ -- RiboX Therapeutics Ltd. ("RiboX"), a global clinical-stage biotechnology company pioneering fully engineered circular RNA (circRNA) therapeutics, announced today that the U.S. Food and Drug Administration (FDA) has cleared the company's Investigational New Drug (IND) application for RXIM002. RXIM002 is the world's first circular RNA-based in vivo CAR-T therapy delivered by a targeted lipid nanoparticle (tLNP). This marks an important milestone for the field as circRNA-based in vivo CAR-T officially advancing into clinical development. RXIM002 is an investigational product employing tLNP encapsulated circRNA that encodes a CD19‐targeting chimeric antigen receptor (CAR) for the treatment of autoimmune cytopenias. By delivering circRNA to T cells in vivo , RXIM002 enables durable CAR expression and generating functional CAR-T cells directly within the patient's body. This "in situ generation" approach fundamentally bypasses the complex, costly and time-consuming ex vivo manufacturing processes required by conventional CAR-T therapies, expanding patient access. In autoimmune diseases, deep B cell depletion driven by the in vivo generated CAR-T cells has the potential to induce immune reset and durable drug-free remission. Prior to the IND submission, RXIM002 was evaluated in investigator-initiated trials (IITs) in China in autoimmune disease patients. Follow-up of these patients are currently ongoing, with some patients exceeding six months. RiboX submitted complete IIT data as part of the IND package to the FDA, encompassing safety and early efficacy results from all treated patients. Based on the integrity and robustness of this full dataset, the agency permitted an accelerated dose-titration scheme and granted subcutaneous formulation as part of clinical development, paving the way for potentially outpatient administration that could fundamentally transform the CAR-T treatment paradigm. To the company's knowledge, RXIM002 is the world's first tLNP-circRNA in vivo CAR therapy that achieved FDA IND clearance. This milestone validates RiboX's proprietary tLNP platform and further reinforces the company's leadership in precision RNA therapeutics. "The FDA IND clearance for RXIM002 is a pivotal milestone for RiboX and for the field of circRNA medicines," said Weiyi Zhang, Ph.D., Chief Executive Officer of RiboX Therapeutics. "As the first-in-class circRNA in vivo CAR-T therapy to enter the clinic, RXIM002 exemplifies our ability to translate robust pre-clinical results and rigorous early clinical evidence into an accelerated development path. This achievement brings us closer to delivering a transformative treatment option for patients living with debilitating autoimmune diseases. We are committed to advancing clinical research of RXIM002 across multiple regions worldwide to address the significant unmet needs ." About RXIM002 RXIM002 is a first-in-class, tLNP-delivered circRNA therapy encoding an anti-CD19 CAR. It's designed to generate functional CAR T cells in vivo to achieve durable, non-integrating CAR-expression. By inducing profound depletion of pathogenic B cells, RXIM002 promotes immune reset and sustained disease remission, offering a potentially transformative, off-the-shelf solution for patients with B-cell-driven autoimmune diseases. About POPULUS-1 Study POPULUS-1 is a Phase 1 clinical trial evaluating the safety, pharmacokinetics, pharmacodynamics, and early efficacy of RXIM002 in patients with relapsed or refractory autoimmune cytopenias. The study will initially enroll participants with relapsed or refractory immune thrombocytopenia (ITP), the most prevalent autoimmune cytopenia, characterized by a low platelet count and an increased risk of bruising and bleeding. ITP is caused by pathogenic autoantibodies driven by aberrant B-cell activation. RXIM002 is being developed to induce transient in vivo CAR T-cell mediated depletion of pathogenic B cells while potentially preserving immune competence. About RiboX Therapeutics RiboX Therapeutics is a global, clinical-stage biotechnology company dedicated to discovering and developing circRNA therapeutics with operations in China, US and Israel. RiboX develops proprietary circRNA and targeted LNP platforms that enable durable expression, precision tissue targeting and broad therapeutic applicability across multiple disease areas. Forward-Looking Statements This press release contains forward-looking statements regarding the development, regulatory advancement, clinical evaluation, safety, efficacy, and commercial potential of RXIM002 and the Company's circular RNA and targeted lipid nanoparticle platforms. Actual results may differ materially due to various risks and uncertainties. RiboX undertakes no obligation to update forward-looking statements except as required by law. For Further Information, please visit: http://www.riboxtx.com/
2026-08-08 07:46:00

World's First Long-Duration Energy Storage Integrated Industrial Park Commences Production Rollout: Shandong HiTHIUM Ushers in New Phase of Scalable Delivery
HEZE, China , Aug. 8, 2026 /PRNewswire/ -- The Production Rollout Ceremony of Shandong HiTHIUM's world's first long-duration energy storage (LDES) integrated industrial park (Heze Base) was held on August 7 in Heze Luxi New Area. As the world's first intelligent manufacturing base purpose-built for LDES, the Heze Base exemplifies its commitment to "benchmark from day one, leadership from production rollout." It marks a strategic milestone for HiTHIUM in its unwavering LDES commitment and deepening global integrated industrial layout, propelling the company into a new era of worldwide LDES integrated intelligent manufacturing and scaled delivery. Shandong HiTHIUM’s world’s first long-duration energy storage (LDES) integrated industrial park Spanning a planned total area of approximately 80 hectares and representing a total investment of over RMB 13 billion across the entire industrial chain, the Shandong Heze project is the world's first integrated industrial park dedicated exclusively to LDES. The project has been designated as a key national private investment initiative and a flagship project in Shandong Province's new energy system development. Built on a whole-industry-chain approach, the facility encompasses intelligent manufacturing of LFP battery cells, module and system integration, new material production, and upstream raw material processing – achieving end-to-end integration from materials to cells and systems. Wang Pengcheng, Co-founder and CEO of HiTHIUM and Chairman of Shandong HiTHIUM, stated: "The production rollout marks a new phase for the Heze Base in scalable manufacturing, market-oriented delivery, and ecosystem development. Building on this new foundation, HiTHIUM will continue to advance our 'three pillars of leadership': Industrial leadership – building a national benchmark industrial cluster for LDES. With the Heze LDES integrated industrial park as the 'core engine', HiTHIUM will gather upstream and downstream partners to cover the full 'generation-transmission-distribution-consumption' application ecosystem. Product leadership – defining full-scenario LDES solutions. HiTHIUM has taken the lead in defining and deploying LDES solutions. Leveraging the Base's scaled capacity, HiTHIUM will fully unleash the manufacturing potential of thousand-ampere-hour large-capacity products, ushering the global lithium-based LDES industry into an era of large-scale delivery. Production efficiency leadership – building global competitiveness through integrated intelligent manufacturing. Fully equipped with independently developed fifth-generation intelligent manufacturing lines, the Base enables end-to-end synergistic integration across core materials, cell manufacturing, system integration, and global delivery, ensuring our ability to deliver large-scale, high-efficiency, and high-quality products to markets worldwide." The Heze Base's integrated intelligent manufacturing system covers the entire process from raw materials to prefabricated container delivery. Powered by the fifth-generation production lines – the industry's first to exceed 15 GWh in single-line capacity – the new generation delivers a 50% reduction in floor space per GWh, 58% reduction in production manpower, 13% reduction in manufacturing energy consumption, and 200% efficiency improvement compared to the previous generation. With an automation rate exceeding 95%, over 1,000 quality control checkpoints reinforced by AI-powered visual inspection, the Heze Base establishes low-cost operational capabilities, high-efficiency delivery, and premium product quality, offering globally competitive LDES solutions to customers worldwide.
2026-08-08 07:35:00

Bybit Sues North Korea and Lazarus Group, Secures Preliminary Injunction Freezing Stolen Assets in Landmark Crypto Asset Recovery Effort
Lawsuit accuses North Korea and Lazarus Group of orchestrating the $1.5 billion theft, as court-ordered asset freeze supports recovery efforts and Bybit expands collaboration with law enforcement and industry partners to strengthen accountability for crypto-related cybercrime DUBAI, UAE , Aug. 8, 2026 /PRNewswire/ -- Bybit , the world's second-largest cryptocurrency exchange by trading volume, today announced that it has filed a civil lawsuit in the U.S. District Court for the District of Columbia against the Democratic People's Republic of Korea (DPRK), its Reconnaissance General Bureau (RGB), and the Lazarus Group, which U.S. authorities have identified as the DPRK-linked hacking group responsible for the February 2025 cyberattack. Bybit has also secured a preliminary injunction freezing identified stolen assets held by the unidentified individuals and entities holding or moving those funds, named in the case as John Doe defendants. The order is intended to preserve identified stolen digital assets while the litigation continues, representing an important step in Bybit's ongoing efforts to recover funds, support international law enforcement investigations, and reinforce accountability for large-scale cybercrime. Indeed, the court found that "Bybit has demonstrated a likelihood of success on the merits" in its lawsuit. The legal action forms part of a broader strategy combining blockchain intelligence, international cooperation, and judicial remedies to pursue the illicit actors responsible for what the court, in granting the initial temporary restraining order, described as "one of the largest cryptocurrency thefts in history." While criminal investigations remain the responsibility of government authorities, the civil proceedings provide an additional avenue for preserving assets and protecting the interests of affected stakeholders. "Our focus has never changed: protect our users first, recover what we can, and make sure the people behind these attacks are held accountable," said Ben Zhou, Co-founder and CEO of Bybit . "The Lazarus attack wasn't just an attack on Bybit. It was an attack on trust in our industry. That's why we've worked closely with investigators, exchanges, regulators, law enforcement, and now the courts. We hope this marks another step toward making crypto a much harder place for criminals to operate in and a much safer place for everyone else." Strengthening Accountability Through Legal Action The preliminary injunction prohibits the transfer or dissipation of identified assets connected to the case while litigation continues. Bybit intends to seek additional judicial relief as the proceedings advance. The civil action is being pursued independently of ongoing criminal investigations conducted by U.S. law enforcement authorities. Bybit continues to cooperate closely with relevant agencies, including the FBI, by sharing blockchain intelligence and investigative findings that may support broader enforcement efforts. As digital assets increasingly become a target of sophisticated cross-border cybercrime, the company believes legal remedies, alongside criminal enforcement, can play an important role in preserving recoverable assets and strengthening accountability. Global Collaboration Driving Asset Recovery Since the February 2025 incident, Bybit has worked alongside blockchain analytics firms, exchanges, custodians, and international law enforcement agencies to trace stolen assets and disrupt laundering networks. To date: Approximately US$48.4 million in stolen assets has been recovered. Over approximately US$30.5 million has been frozen across more than 28 exchanges and custodians, pending further legal and investigative action. These efforts have also supported broader enforcement actions targeting infrastructure allegedly used to launder stolen funds. Authorities in Germany dismantled the cryptocurrency exchange eXch, while German and Swiss authorities later disrupted Cryptomixer.io, removing key channels used to move illicit proceeds. Together, these actions demonstrate the impact of effective cooperation between the private sector and law enforcement in combating transnational cybercrime. "The real test comes after the crisis," Ben added. "That's when you show whether your commitment is real. For us, that means continuing to strengthen our security, working hand in hand with investigators and industry partners, and doing everything we can to protect our users. Trust isn't something you claim. You have to earn it through action, every single day." Building a More Resilient Digital Asset Ecosystem The legal proceedings represent one component of Bybit's broader commitment to improving security standards across the cryptocurrency industry. The company continues to invest in advanced blockchain intelligence capabilities, deepen cooperation with exchanges and regulators, and support initiatives aimed at making digital asset theft increasingly difficult, traceable and costly for criminal organisations. This action reflects Bybit's commitment to holding state-sponsored threat actors accountable and using all available legal avenues, both civil and in cooperation with law enforcement, to disrupt cybercrime targeting the digital asset industry. The civil proceedings remain ongoing. Bybit will continue to cooperate with relevant authorities and provide updates as permitted by the court. #NewFinancialPlatform About Bybit Bybit is The New Financial Platform. We believe every person should have access to every financial opportunity on earth. That's why we're building the first intelligent platform that connects anyone, anywhere to the world's finance. Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone. Built for everyone. Powered by intelligence. Open to the world. Learn more at Bybit.com. For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
2026-08-08 05:00:00

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