PM Edition: Top 10 Business Articles on LiveNews.co.nz for June 16, 2026 – Full Text

Source: Media Outreach

KUNMING, CHINA – Media OutReach Newswire – 15 Jun 2026 – The 10th China–South Asia Expo Series of Activities and the 4th Junfa-New Luosiwan International Procurement Festival officially opened today in Kunming, Yunnan Province. Aligned with the Expo’s theme, “Solidarity and Collaboration for Shared Development,” this year’s Procurement Festival is guided by the vision of “Connecting South and Southeast Asia, Linking Trade Worldwide.”

By building platforms for open cooperation, trade exchange, industrial collaboration, cultural connectivity, and consumption promotion, the event aims to further strengthen Yunnan’s role as a gateway linking China with South and Southeast Asia while creating new opportunities for regional economic growth and international cooperation.

The opening ceremony was attended by representatives from government agencies, business associations, enterprises, buyers, and media organizations. Delegations from South and Southeast Asian countries, representatives of the Myanmar Trade Center, members of chambers of commerce, merchants, and influencer alliances gathered alongside nearly 40 national, provincial, and municipal media outlets.

Guo Huaiguang, Party Secretary of the Kunming Municipal Bureau of Commerce, stated that this year’s Procurement Festival builds upon the achievements of previous editions while delivering three key upgrades: stronger open-platform capabilities, deeper integration of emerging trade models, and closer coordination between economic and cultural exchange. He noted that New Luosiwan has successfully leveraged the combined advantages of market procurement trade, the China–Laos Railway, and multimodal transportation networks, significantly reducing logistics costs and customs clearance times while becoming an important export platform for Kunming’s small commodities and specialty agricultural products.

Shi Fei, Vice Mayor of the Guandu District People’s Government, emphasized that New Luosiwan International Trade City has developed into one of Southwest China’s leading commercial and trade complexes. He highlighted its important role in stimulating consumption, expanding foreign trade, and supporting employment, noting that this year’s Procurement Festival creates value through trade promotion, domestic demand stimulation, and enhanced market participation.

At the opening ceremony, You Jian, Vice President of Junfa Group, unveiled the development blueprint for Junfa-New Luosiwan during China’s 15th Five-Year Plan period. Guided by the vision of “Everything You Imagine Can Be Found at New Luosiwan,” the strategy aims to build a trillion-yuan integrated trade platform serving South and Southeast Asia through the combination of physical commerce, digital innovation, wholesale-retail integration, and online-offline collaboration.

Advancing Regional Trade Cooperation Through Strategic Connectivity

The Procurement Festival serves not only as a commercial event but also as a practical demonstration of Yunnan’s participation in the Belt and Road Initiative and the implementation of the Regional Comprehensive Economic Partnership (RCEP).

As an important supporting event of the China–South Asia Expo, the festival leverages the strengths of Junfa-New Luosiwan International Trade City to promote a development model in which logistics drives trade, trade drives industry, and industry drives regional economic growth. The initiative seeks to further establish Yunnan as a key commercial hub connecting China with South and Southeast Asia.

Integrating Trade and Logistics to Strengthen Cross-Border Connectivity

One of the major highlights of this year’s festival is the strategic partnership between Junfa-New Luosiwan and SF International. Together, the two parties have launched an integrated digital trade and logistics platform serving South Asia, Southeast Asia, and extending into Central Asia.

Leveraging the China–Laos Railway, often referred to as a “golden corridor” for regional trade, the platform combines market procurement trade, railway transportation, and multimodal logistics solutions. It also pioneers the regularized mixed transportation of “1039 market procurement goods” and the Lancang-Mekong Express service, helping reduce transportation costs and improve customs clearance efficiency.

Drawing on New Luosiwan’s extensive product ecosystem and incorporating logistics services, cross-border payment solutions, and AI-powered technologies, the platform provides merchants with a comprehensive pathway covering customs clearance, logistics, and settlement services for international expansion.

Accelerating Digital Transformation and Integrated Commerce

Digital transformation was another major focus of this year’s event. LuoLe Technology officially unveiled its Future Development Strategy, introducing five core business segments centered on a B2B cross-border digital trade platform and a consumer-focused digital commerce ecosystem.

Built around the OneID membership system, the platform connects online and offline experiences through the LuoleGO experiential marketplace, the Luole Private Domain Mall, and LuosuDa instant retail services. Together, these initiatives create an integrated digital commerce ecosystem that combines offline engagement, online transactions, fulfillment services, and data-driven operations.

The festival also launched a dual-channel consumption model integrating digital procurement and large-scale retail experiences. Through online subsidy programs and participation from more than 10,000 merchants, traditional commerce is being revitalized through digital innovation and enhanced consumer engagement.

Supporting Global Expansion of Yunnan Brands

During the opening ceremony, organizers officially launched the Merchant Global Expansion Program and Brand Internationalization Initiative.

The program establishes a four-pillar service system consisting of digital commerce platforms, overseas warehouses, international showrooms, and localized overseas operations. The initiative aims to help merchants transition from traditional export-oriented supply models toward global brand development.

More than 1,100 core merchants from the New Luosiwan Chamber of Commerce are participating in the program, transforming individual export efforts into coordinated international expansion strategies. Strategic partnerships have also been established with Vietnam, Thailand, Laos, Cambodia, and Myanmar through reciprocal product exhibition and promotion zones.

Supported by the international visibility of the China–South Asia Expo and the presence of overseas buyers, the Procurement Festival provides direct business matchmaking opportunities between regional merchants and international purchasers while offering comprehensive foreign trade services to facilitate transactions and export growth.

Creating New Consumer Experiences Through Wholesale-Retail Integration

The festival also explores innovative consumption scenarios by integrating wholesale and retail operations into one of China’s leading “experience plus retail” marketplaces.

A key focus is the development of Yunnan’s original fashion industry through designer showcases, runway presentations, and pop-up stores featuring local brands including Jinlinrong, VVFUSHI, T-Stage Jues, Jianpai, Lexiannu, NV Hanzi, and HK.

At the same time, the event incorporates youth-oriented lifestyle elements such as live music, street dance, DJs, fashion performances, and influencer engagement activities. By combining daytime trend experiences with evening entertainment, the festival creates a vibrant atmosphere that injects new energy into traditional commerce.

Promoting Cultural Exchange Through Trade

Beyond business and commerce, the Procurement Festival also serves as a platform for cultural exchange and people-to-people connectivity.The event showcases imported products from South and Southeast Asia alongside Yunnan specialties, including premium coffee, cultural and creative products, jewelry, jade crafts, tie-dye textiles, and other intangible cultural heritage items. By bringing together diverse products and traditions, the festival promotes mutual understanding and cultural appreciation across the region.

Through collaboration with international influencers, content creators, and overseas students, the event further expands its global reach and strengthens cultural ties between China and countries across South and Southeast Asia.

The Procurement Festival will continue through June 16.As Junfa-New Luosiwan advances its development strategy for the 15th Five-Year Plan period and accelerates its digital commerce transformation, it is positioning itself as a more open, innovative, and globally connected trade hub. From Kunming to South and Southeast Asia and beyond, the platform aims to strengthen regional economic connectivity and contribute to a new chapter of international trade cooperation.

Website: https://www.jfxlsw.com

Hashtag: #JunfaNewLuosiwan

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 15 June 2026 – The Hong Kong Polytechnic University (PolyU) is committed to advancing knowledge transfer, encouraging students to embrace a spirit of innovation and entrepreneurship, address social challenges with professional knowledge and contribute to National development. As the sole organising university of the inaugural Hong Kong Special Administrative Region (HKSAR) Contest of the 16th National E-commerce “Innovation, Creativity and Entrepreneurship” Competition for College Students (3Chuang Competition), PolyU hosted the HKSAR Contest cum Award Presentation Ceremony on 12 June. A total of 12 elite teams garnered 12 awards in the Contest, earning the opportunity to advance to the National Finals.

The inaugural HKSAR Contest of the 3Chuang Competition aims to encourage local tertiary students to break barriers across institutions, regions, cultures and disciplines. It brings together innovative ideas and unlocks entrepreneurial potential, further fostering the development of Hong Kong’s innovation and technology ecosystem. Outstanding teams will have the chance to advance to the National Finals and expand their horizons.

In his speech, Prof. DONG Cheng, Associate Vice President (Knowledge Transfer) of PolyU, remarked, “PolyU is honoured to be the sole organiser of the inaugural HKSAR Contest of the 3Chuang Competition. We are committed to driving the translation of research outcomes into impact for societal benefits. The National competition provides a platform for young people to unlock their potential in innovation and entrepreneurship, bringing together remarkable talents, who can learn from each other with a creative mindset, serve society and contribute to National development.” Prof. Dong added that PolyU had set up 15 translational research institutes and centres across the Chinese Mainland. He encouraged the winning teams to leverage PolyU’s extensive innovation network, incubation support and market resources, thereby better integrating into the overall National development, tapping into Chinese Mainland markets, and converting innovation outcomes into tangible momentum for social advancement.

Prof. LI Qi, Chairman of the Competition Organizing Committee (COC) of the 3Chuang Competition from Xi’an Jiaotong University, has vigorously supported PolyU in hosting the HKSAR Contest and fully recognised its efforts. He remarked in his speech, “A total of 34 provinces, municipalities, autonomous regions and Special Administrative Regions across the Nation have taken part in this year’s Competition, which also marks the HKSAR’s debut participation. We especially appreciate the tremendous support and assistance from PolyU’s senior management, faculty and students. They have contributed to the HKSAR and brought glory to the Nation, laying a fertile ground for nurturing ‘3Chuang’ talents while connecting domestic and overseas stakeholders for the development of ‘3Chuang’. We warmly welcome outstanding teams from Hong Kong to the National Finals, to achieve even greater results.”

The National 3Chuang Competition landed in Hong Kong last year. Since its kick-off, it has attracted numerous cross-region, cross-institution and cross-discipline teams to participate in the university-level round of competition. Team members come from 32 higher education institutions across Hong Kong, Macao, the Chinese Mainland and overseas. In addition to major universities in Hong Kong, prestigious names such as Guangdong University of Technology, Sun Yat-sen University, Shenzhen University, the City University of Macau and the University of Toronto in Canada also feature. Eventually, 29 outstanding teams from the Regular, International and Practical Tracks entered the HKSAR Contest, where they competed before a jury comprising experts from academia, industry and investment sectors for accolades including the First Prize, Second Prize and Best Entrepreneurship Award. The COC of the 3Chuang Competition will announce the list of teams who qualified for the National Finals after all provincial-level contests conclude later this month.

The winners of the HKSAR Contest of the 16th 3Chuang Competitionare as follows (the order of the teams winning the same award is arranged according to their names in Chinese):

Track	Award	Winning Team	Applying College	Collaborating College(s)	Winning Project
Regular Track	First Prize	OnAn Technology	Hong Kong Metropolitan University	The Hong Kong Polytechnic University	AI and 3D Printing-Based Posthumous Facial Restoration Platform
		Dr.Fresh	The Hong Kong Polytechnic University	N.A.	Space Mold Prevention Expert: Full-Chain Moisture & Mold Control Management and Optimization for Warehousing
		HK Knowledge-in-Action Innovation Team	The Hong Kong Polytechnic University	N.A.	Smart Sandplay Therapy System for Children with Autism
		AIOFEYE	The Hong Kong Polytechnic University	The Hong Kong University of Science and Technology, Jinan University, Southern University of Science and Technology, Huai’an University	AI-Powered Retinal Imaging Screening for Community Eye Health Management: Building a Closed-Loop Service of Screening, Risk Stratification, Referral, and Follow-up
	Second Prize	PolyNova	The Hong Kong Polytechnic University	N.A.	Lingmao Youli — An AIGC-Powered Digital Cultural and Creative E-Commerce Platform for Intangible Cultural Heritage Tourism
		MasterTrip	The Chinese University of Hong Kong	Hanshan Normal University, Sun Yat-sen University	GlobeTrail
		ZhiZai ING Team	The Hong Kong Polytechnic University	Beijing Normal-Hong Kong Baptist University, City University of Macau	Cicada Agent – Personalized Autonomous Learning AI Platform
		Yunfan Intelligent Computing	The Hong Kong Polytechnic University	N.A.	QiShou: Hong Kong AI Sign Language Translation Public Service Platform
		Reminder Smart Pillbox Team	The Hong Kong Polytechnic University	Shanghai Lixin University of Accounting and Finance, East China University of Science and Technology	Automated, Dose-Controlled, Networked Smart Pillbox — Ushering in a New Era of Personalised and Precise Medication for the Elderly
		Cyber Bian Que	The Hong Kong Polytechnic University	N.A.	Smart Medchain: AI-Powered Cross-border prescription review service
International Track	Second Prize	giveme_5	The Hong Kong Polytechnic University	University of Toronto, The Hong Kong University of Science and Technology, Lingnan University	“SilverLink” Smart Elderly Care Solution Platform
Practical Track	Best Entrepreneurship Award	The Pear Ideals Four	The Hong Kong Polytechnic University	N.A.	AkkMore Prebiotic: Healthy, Tasty, Low-Carbon and Digital Storytelling

Founded in 2009, the 3Chuang Competition is a National entrepreneurship competition endorsed by the Ministry of Education of the People’s Republic of China. With the aim of fostering among tertiary students an innovative mindset, creative thinking, entrepreneurial capabilities and team collaboration in practical scenarios, it is one of the largest and most influential innovation and entrepreneurship competitions focused on e-commerce for tertiary students in the Nation. The Competition has attracted numerous aspiring student entrepreneurs over the years, and this year alone saw over 280,000 teams from nearly 1,500 universities nationwide sign up. In addition to launching the HKSAR Contest for the first time, an International Track has been introduced to deepen international cooperation, boost regional economic development, facilitate cultural and academic exchanges, and promote balanced development of e-commerce worldwide. For more information, please visit the official website.

Hashtag: #PolyU

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Source: GlobeNewswire (MIL-NZ-AU)

SOUTH BOSTON, Va., June 15, 2026 (GLOBE NEWSWIRE) — IperionX Limited (IperionX) (NASDAQ: IPX, ASX: IPX) is pleased to announce it has entered into an agreement to acquire certain key assets associated with Covia Solutions LLC’s Camden, Tennessee silica sand operation. Camden is located adjacent to IperionX’s Titan Project in Tennessee.

HIGHLIGHTS

• Strategic acquisition adjacent to Titan Project: IperionX to acquire key Camden mineral, mining and infrastructure assets from Covia Solutions LLC (Covia), located adjacent to IperionX’s Titan Critical Minerals Project (Titan) in Tennessee, for US$3 million
• Consolidates a U.S. critical minerals province: The Camden assets (Camden) have the potential to be synergistic with Titan by adding feedstock optionality and reduced development complexity
• Established infrastructure advantage: The assets include mineral rights, existing stockpiles, mining and processing equipment, rail spur, approximately 1,400 acres of owned property and approximately 1,400 acres of leased property, with access to established power, water and gas infrastructure
• Potential for heavy rare earth minerals: Camden is located in the McNairy Formation geological system which has been proven to be rich in monazite and xenotime – heavy rare earth minerals typically rich in dysprosium (Dy), terbium (Tb) and yttrium (Y)
• At-surface pre-processed mineral stockpiles: Decades of silica sand operations by Covia have generated significant amounts of pre-processed mineral-bearing stockpiles at Camden
• Pre-stripped development advantage: Additionally, historic mining at Camden focused on the Upper McNairy formation, containing a high-purity silica sand horizon, ‘pre-stripping’ the Lower McNairy potential heavy mineral horizon
• Strengthens U.S. defense and advanced manufacturing supply chains: A combined Titan-Camden platform has the potential to underpin domestic supply chains for heavy rare earths, titanium and zircon – critical inputs for high-temperature magnets, defense, aerospace, semiconductors, robotics and advanced manufacturing
• Near-term technical catalysts: IperionX plans to advance stockpile surveys, drilling, sampling, mineralogical analysis, metallurgical test work, integration and project development studies

IperionX CEO Taso Arima said:

“This is a strategically important acquisition for IperionX and for the United States. Camden adds pre-processed stockpiled minerals, pre-stripped mineral horizons, mineral rights, processing equipment and infrastructure within the same McNairy critical mineral system that hosts Titan.

By combining Covia’s Camden assets with Titan, IperionX is consolidating one of America’s most important mineral-sands province, creating exceptional synergies. Our goal is to build a resilient domestic platform that connects Tennessee critical minerals with downstream U.S. titanium metal production and advanced manufacturing in Virginia, while supporting future U.S. rare earth separation, magnet and advanced materials supply chains.”

Strategic rationale: four value levers rarely available together

The acquisition strategically consolidates IperionX’s position in the Big Sandy Critical Minerals Province and brings together four features that are rarely available in a U.S. critical minerals development setting:

• Province consolidation: Camden and Titan sit within the same McNairy mineral-sand system, unlocking an opportunity to assess the potential for integrated mine planning, infrastructure sharing and development across the Big Sandy Critical Minerals Province
• Stockpile optionality: Decades of silica sand operations have generated at-surface, pre-processed, mineral-bearing stockpiles
• Pre-stripped horizons: Historical operations focused on the Upper McNairy silica sand horizon, creating pre-stripped areas that may provide ready access to the Lower McNairy potential heavy mineral horizons
• Established infrastructure: Camden adds an industrial platform with mining and processing equipment, property, mineral rights, stockpiles, buildings, rail-related infrastructure and access to established utilities

Together, these features may allow IperionX to evaluate a development pathway that complements Titan, including the potential for feedstock flexibility and reduced development complexity.

McNairy critical mineral formation

For decades, the Camden site operated as a silica sand producer from the McNairy Formation, the same regional critical mineral-sand system that hosts Titan. The McNairy Formation is highly prospective for titanium, zircon and rare earth-bearing minerals, with historic Tennessee Department of Conservation work in the 1970s identifying the widespread presence of monazite and xenotime across the formation. Covia’s historical Camden operations were optimized around silica sand product specifications, and critical mineral recovery was not the operating focus, with the potential mineral-bearing fractions being separated and stockpiled.

Figure 1: Covia asset acquisition in relation to Titan Project.

Stockpiles plus development optionality

Camden provides the potential for two complementary development opportunities for evaluation:

• At-surface, pre-processed mineral stockpiles: The existing stockpiles have already been mined, transported and processed through historical silica sand operations. This may reduce pre-strip requirements and provide a practical potential pathway for near-term technical evaluation
• In-situ Lower McNairy horizons: Historical mining focused on the Upper McNairy silica sand horizon, leaving lower horizons available for potential extraction. At Titan, the Lower McNairy horizon has significantly higher grades, and higher proportions of the valuable critical minerals, including zircon, rutile, and rare earth bearing monazite and xenotime minerals.

These opportunities have the potential to complement, not replace, the Titan development pathway. IperionX intends to undertake exploration and evaluation of Camden, with the intent of determining the potential to support early-stage feedstock flexibility, infrastructure sharing, modular processing options or staged development sequencing within a broader Titan-Camden critical minerals platform.

Strategic importance to U.S. critical material supply chains

The Camden acquisition strengthens IperionX’s position as an integrated U.S. critical minerals-to-metals company. Titan provides a potential domestic upstream mineral feedstock base in Tennessee, while IperionX’s Virginia titanium manufacturing platform provides a downstream pathway to U.S.-made titanium metal products and advanced manufactured components.

The potential importance of Camden extends across three critical material streams that are widespread in the McNairy Formation:

• Heavy rare earth-bearing minerals: The U.S. supply challenge is not only rare earth volume, but also secure access to heavy rare earth elements such as dysprosium, terbium and yttrium, which are important for high-temperature magnets, defense systems, semiconductors, advanced ceramics and high-performance materials.
• Titanium minerals: Titanium minerals are strategically important to aerospace, defense, energy, additive manufacturing, automotive and industrial supply chains. IperionX’s upstream critical minerals assets are designed to support its downstream U.S. titanium metal technologies and Virginia manufacturing platform.
• Zircon, hafnium and zirconium-linked minerals: Zircon is relevant to ceramics, refractories, foundry applications, nuclear materials, thermal barrier coatings and high-temperature materials systems, including advanced defense and energy applications.

By combining Titan, Camden and IperionX’s downstream U.S. titanium platform, IperionX is seeking to build a resilient domestic supply chain spanning minerals, upgraded feedstocks, metals and manufactured components.

Infrastructure, permitting and execution advantages

Camden is an established industrial site with existing infrastructure and equipment. The assets to be acquired include mining and processing equipment, surface and mineral rights, existing stockpiles, rail-related infrastructure, electrical and water infrastructure equipment, buildings and structures, and associated property and leased property. These assets will be assessed as part of future studies for the potential to reduce development complexity relative to a standalone greenfield project.

Figure 2: IperionX’s position within the Big Sandy Critical Minerals Province.

Titan: a U.S. rare earth and critical minerals backbone with key permits in place

Titan remains the anchor asset of IperionX’s Tennessee critical minerals strategy. Titan is a large, near-surface, free-dig mineral sands project located near Camden, with access to power, water, rail, highways and a skilled workforce. Titan is one of the few domestic projects that can underpin a secure, long-term U.S. critical minerals supply chain.

Titan is the largest JORC Code mineral resource estimate of rare earth, titanium and zircon critical mineral sands in the United States, with approximately 10 million metric tons of contained minerals at shallow depths across more than 11,000 acres.

Titan holds all key Tennessee state permits required for development and operations. At full production, Titan is expected to produce approximately 5,000 tpa of rare earth concentrate rich in DyTb, Y and NdPr; approximately 110,000 tpa of titanium minerals that may underpin U.S. titanium metal production using IperionX’s patented titanium technologies; and approximately 36,000 tpa of zircon minerals that may support domestic zirconium-based supply chains.

As the United States accelerates investment to rebuild domestic rare earth separation, alloy, magnet and advanced materials and metal supply chains, secure domestic critical minerals feedstocks are increasingly important. A combined Titan-Camden platform may provide an important domestic source of monazite and xenotime-bearing feedstocks, as well as titanium and zircon minerals, from Tennessee.

Improved synergistic position in the Big Sandy Critical Minerals Province

Upon completion of the acquisition, IperionX will improve its already strong position with exceptional synergies along the Big Sandy Critical Minerals Province in Tennessee, a strategic U.S. mineral sands corridor with potential to become a domestic source of titanium minerals, zircon and heavy rare earth-bearing feedstocks. This position is anchored by Titan and strengthened by Camden, which sits adjacent to Titan within the same McNairy Formation mineral-sand system.

Transaction details

Item	Summary
Purchaser	IperionX Critical Minerals LLC.
Seller	Covia Solutions LLC.
Completion conditions	All material conditions have been satisfied, with only standard administrative items remaining to complete the transaction.
Facility	Covia’s silica sand mining operation located at 1700 Sand Mill Road, Camden, Tennessee 38320.
Assets	Mining and processing equipment, surface and mineral rights and existing mineral stockpiles, approximately 1,400 acres of owned property and ~1,400 acres of leased property, electrical and water infrastructure equipment, buildings and other structures on the seller properties.
Purchase price	US$3,000,000 in cash.
Other	IperionX has agreed to assume Covia’s obligation to reclaim certain property which includes re-grading, re-vegetation and stabilizing disturbed land.

Forward Looking Statements

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, and achievements to differ materially from any forecast future results, performance, or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of mineralization, the Company’s ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium production processes, or protect its intellectual property rights, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Compliance Statements

This announcement contains information relating to a Mineral Resource Estimate and an Ore Reserve Estimate for the Titan deposit (where the Mineral Resource Estimate was prepared by Mr. John Eckman, a Competent Person, and the Ore Reserve Estimate was prepared by Mr. Justin Douthat, also a Competent Person) extracted from an ASX market announcement titled “IperionX Titan DFS Confirms High-Return U.S. Rare Earths and Critical Minerals Project” and published on the ASX platform (www.asx.com.au) on 4 June 2026. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the release of 4 June 2026 continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

This announcement contains information relating to the Company’s production targets and financial forecasts for the Titan Project extracted from the Company’s ASX announcement titled “IperionX Titan DFS Confirms High-Return U.S. Rare Earths and Critical Minerals Project” and published on the ASX platform (www.asx.com.au) on 4 June 2026. The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production target in the original ASX announcement continue to apply and have not materially changed.

Contacts

Anastasios (Taso) Arima, Founder and CEO
Toby Symonds, President
Dominic Allen, Chief Commercial Officer

Investors: investorrelations@iperionx.com
Media: media@iperionx.com

+1 980 237 8900
www.iperionx.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/ad9cc0b1-64c8-4c6a-a85a-1009beb69861

https://www.globenewswire.com/NewsRoom/AttachmentNg/3f8b8964-f79d-49ca-b75b-3964b4ac9c54

– Published by The MIL Network

Source: GlobeNewswire (MIL-NZ-AU)

IBG Acquires 51% stake in BlockFuel Energy as business combination nears completion

Once complete, the combined entity will become a rising oil producer and power generation company with near-term production and scalable growth strategy

SYDNEY, March 25, 2026 (GLOBE NEWSWIRE) — Innovation Beverage Group Ltd (“IBG” or the “Company”) (Nasdaq: IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today announced that it has acquired a controlling interest in BlockFuel Energy Inc. (“BFE”), a Texas-based energy corporation. This transaction represents a significant milestone towards the proposed merger between both companies, which they anticipate closing in the coming weeks.

On March 16, 2026, IBG entered into a Share Exchange Agreement with certain shareholders of BFE pursuant to which IBG acquired 127,628 shares of BFE common stock, representing approximately 51% of BFE’s outstanding equity. As consideration for those shares, IBG issued warrants to purchase an aggregate of 3,815,766 ordinary shares of IBG at an exercise price of $0.0001 per share, which are not exercisable until shareholder approval and approval by The Nasdaq Stock Market LLC are obtained. The warrant shares represent 45.9% of the issued and outstanding shares of IBG and will represent 51% of the Merger Consideration payable at the time of the closing of the merger. Upon the consummation of the proposed merger between IBG and BFE, the warrants will be automatically adjusted to an aggregate of 20,643,297 ordinary shares of IBG and will be deemed exercised.

As part of the transaction, IBG also provided BFE with a $2.5 million unsecured loan, which facilitated the repurchase and cancellation of certain outstanding BFE shares. Following the closing of the previously announced merger, this loan will convert into an intercompany balance within the combined organization, further consolidating IBG’s ownership position.

Concurrently, IBG, BFE, and IBG’s wholly owned subsidiary, InnoBev Merger Corp., entered into an Amended and Restated Agreement and Plan of Merger. Upon completion of the proposed merger, BFE will become a wholly owned subsidiary of IBG and BFE equity holders are expected to own approximately 90% of the combined company, with IBG’s existing shareholders owning approximately 10%, subject to customary adjustments and dilution.

Strategic Transformation Nearing Completion

The transaction represents a strategic expansion of IBG into the energy and high-powered computing sectors. BFE focuses on the acquisition and development of oil and gas assets and the conversion of underutilized natural gas into electricity to power high-performance computing operations. BFE operates primarily in the United States, including Oklahoma, and is developing a vertically integrated platform combining energy production, power generation, and data centers.

Upon completion of the merger, the combined company is expected to operate under the BlockFuel Energy name, with IBG’s existing beverage business transitioning into an Australian-based subsidiary led by IBG’s CEO Sahil Beri as President. The new parent company will focus on scaling its U.S. onshore oil and gas operations.

“Completing the acquisition of a controlling interest in BlockFuel Energy advances our strategic transition and brings the merger closer to completion,” said Sahil Beri, Chief Executive Officer of Innovation Beverage Group. “We are positioning IBG for long-term growth by focusing on energy assets with strong fundamentals and near-term production potential, while maintaining our beverage business as a distinct subsidiary.”

“This transaction marks a significant step in building a scalable, U.S.-focused energy platform,” said Daniel Lanskey, Chief Executive Officer of BlockFuel Energy. “With a strengthened capital structure and aligned ownership, we are focused on advancing production and expanding our asset base as we begin operations.”

Building a Scalable U.S. Energy Platform

BlockFuel Energy is focused on the acquisition, development, and operation of oil and gas assets, with current operations primarily located in the United States, including acreage positions in Oklahoma.

The transaction provides IBG with immediate exposure to producing and development-stage energy assets, positioning the Company to pursue near-term revenue generation and long-term asset growth.

Based on preliminary engineering and comparable field deployments, BFE management believes onsite gas-to-power costs could be meaningfully below grid-based power pricing, while avoiding transportation, processing, and third-party power costs.

The acquisition was completed in connection with an amended and restated merger agreement between IBG and BFE. The closing of the full merger remains subject to customary conditions, including regulatory approvals and approval by The Nasdaq Stock Market LLC.

About Innovation Beverage Group Ltd

Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG’s brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG’s most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG’s headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com/.

About BlockFuel Energy

BlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in North America. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power high-performance data centers. Our vertically integrated concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and sustainable revenue streams. For more information visit: https://blockfuelenergy.com/.

Forward Looking Statement

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the proposed merger between IBG and BlockFuel Energy, anticipated operational milestones, expected production levels, anticipated oil and gas sales, planned financing activities, expected economic benefits of such activities, and the proposed acquisition of additional oil field assets.

Forward-looking statements are typically identified by words such as “expects,” “anticipates,” “plans,” “projects,” “intends,” “believes,” “may,” “will,” “could,” “should,” or similar expressions. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, the ability of the parties to execute definitive transaction documents, satisfy closing conditions, obtain regulatory and stockholder approvals, commodity price volatility, operational risks, financing risks, , and other risks described in IBG’s filings with the U.S. Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on these forward-looking statements. Neither IBG nor BFE undertakes any obligation to update such statements except as required by law.

Contact:

Innovation Beverage Group Limited
Sahil Beri
CEO
sahil@innovationbev.com
www.innovationbev.com

BlockFuel Energy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.com

Investor Relations:

KCSA Strategic Communications
Phil Carlson, Managing Director
BlockFuel@KCSA.com

– Published by The MIL Network

Source: Media Outreach

SHANGHAI, CHINA – Media OutReach Newswire – 15 June 2026 – On June 11, the People’s Bank of China (PBOC) and Bank Indonesia held the Second Governors’ Meeting of the Joint Work Program in Shanghai, announcing a series of financial cooperation outcomes. The China-Indonesia cross-border QR payment linkage was officially launched in the presence of the governors of both central banks. With this milestone, the number of UnionPay QR merchants outside the Chinese mainland has surpassed 46 million. In attendance at the ceremony were Dong Junfeng, Chairman of China UnionPay and UnionPay International (UPI); Santoso Liem, Chairman of the Indonesian Payment System Association (ASPI); Ge Haijiao, Chairman of Bank of China; Larry Wang, CEO of UPI; and Yang Peng, CEO of Ant International.

Under the government-to-government (G2G) framework, guided by both central banks, and with participation from multiple industry stakeholders, the payment linkage has become a benchmark for digital finance cooperation between China and Indonesia, creating profound impact in the following ways.

First, the linkage delivers convenient, secure, and efficient cross-border payment services to the people of both countries, facilitating bilateral people-to-business exchanges and promoting trade relations.

Second, UnionPay has fully leveraged its role as the hub of the payment industry, collaborating with Ant International and Bank of China (Hong Kong) Jakarta Branch to set a prime example of Chinese enterprises working in concert for global expansion.

Third, the project pioneers bilateral local currency settlement, whereby transactions made by Indonesian wallets in the Chinese mainland are settled in RMB, and transactions made by Chinese wallets in Indonesia are settled in Indonesian Rupiah—effectively enhancing the acceptance and user stickiness of the RMB in international markets.

Fourth, the initiative creates a replicable, scalable framework for cross-border payment connectivity, paving the way for an expansion into more regions across the globe, such as Latin America and Europe.

With the full rollout, two-way cross-border QR code payments have achieved near-nationwide coverage. So far, payment networks in seven out of the eleven ASEAN nations are interoperable with UnionPay.

Chinese users can now use the UnionPay App, banking apps integrated with the UnionPay MobileWallet Connect, and Alipay to make QR payments at tens of millions of QRIS (Quick Response Code Indonesian Standard) merchant locations across Indonesia. Likewise, visitors from Indonesia can pay to UnionPay and Alipay QR merchants in the Chinese mainland with dozens of major Indonesian wallets, such as MyBCA, OVO, DANA, GoPay, Mandiri and ShopeePay.

In recent years, UnionPay continues to grow its global card and QR payment networks and enhance its cross-border payment ecosystem. To date, UnionPay has launched over 200 UnionPay-powered wallets in 37 countries and regions outside the Chinese mainland. Since the beginning of 2026, transactions made by these wallets in China have doubled year-on-year in both transaction count and value, while the number of QR payments made outside the mainland by the UnionPay App and Chinese partner wallets has surged over 300% year-on-year. Moving forward, UnionPay will remain committed to its strategic vision of “Trusted Ties, Shared Success”, scale up two-way payment linkages, enhance user experiences, and deliver more benefits to consumers worldwide.

Hashtag: #UnionPay

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Source: Media Outreach

• With €5.8 billion in annual business volume, more than 12,000 employees and operations in over 190 countries, Redion is the world’s #1 in employee benefits and #2 in assistance and travel insurance
• In Asia, where we have presence in Japan, Hong Kong, Malaysia, Singapore, and Thailand, Redion is bringing clarity and consistency across the travel protection solutions, supported by its global scale and 24/7 traveler support

HONG KONG SAR – Media OutReach Newswire – 15 June 2026 – On Monday 15 June, Generali Group revealed Redion: a new brand for its global Care platform, which brings together the activities of Europ Assistance and Generali Employee Benefits (GEB) under a single identity and offering. Having operated as an integrated entity within Generali Care for nearly three years, Redion is the brand Generali Care deserves — one that honours the extraordinary work already accomplished and makes visible, to the world, what clients and partners have experienced for years. Antoine Parisi, current CEO of Generali CARE Hub, will lead Redion as group CEO.

With more than 12,000 employees, operations in over 190 countries and €5.8 billion in annual business volume (FY 2025), Redion is the world’s #1 in employee benefits — following the acquisition of Swiss Life Network earlier in 2026 — and the world’s #2 in assistance and travel insurance. The platform serves multinational corporations, global travel companies, financial institutions and their end-customers, delivering services spanning travel insurance, emergency and medical assistance, employee protection (life, disability, accident, medical), health and mobility solutions — as well as global B2B2C programmes and embedded insurance for financial institutions, travel platforms and multinational employers.

Giulio Terzariol, Group Deputy CEO of Generali, said: “Redion is the expression of what Generali Care has already become: a global, integrated platform, purpose-built to deliver comprehensive Care across every dimension of people’s lives. Fully aligned with our “Lifetime Partner 27: Driving Excellence” strategy and our ambition to lead in protection, health and accident, Redion embodies a simple, immediate and consistent standard of Care, bringing together complementary capabilities in prevention, insurance and assistance in one seamless, global proposition.”

Jean-Laurent Granier, CEO of Generali France & Global Business Activities and Chairman of Redion, said: “I sit in three seats at this table — as Chairman of Redion, as a network partner through GEB, and as a client on the assistance side. From all three, my reading is the same: for some time now, the reality of this organisation has been well ahead of the brand carrying it. The quality, the global reach, the genuine depth of expertise — that is already real, already experienced by our partners and clients every day. Today we simply give it the brand it deserves.”

A brand that reflects a platform already at full scale

Redion is built on the complementary depth of two industry leaders. Europ Assistance, the creator of the global assistance industry now over 60 years ago, has expanded its expertise over time into travel insurance, roadside assistance and personal services. GEB, established in 1966, is the global platform dedicated to the human capital of multinational corporations and, following the acquisition of Swiss Life Network earlier in 2026, the undisputed worldwide leader in employee benefits. Under Redion, these two bodies of expertise are fully unified: one data strategy, pooled AI investment and a single elevated standard across technology and operations — available to every client and partner, across every market.

For existing clients and partners, there is complete continuity. Contracts, service teams, phone numbers and SLAs remain unchanged. The brand is new; the commitment is the same one that has been in place for decades.

Antoine Parisi, Global CEO of Redion, said: “Redion reflects the determination of our teams to deliver an enhanced, integrated and technology-enabled proposition for clients and partners worldwide. One brand means one data strategy, pooled AI investment and a single, elevated standard across our technology platform. The Redion name carries no geographic or sectoral ceiling. But what I want people to understand is that behind the technology stands a network of tens of thousands of doctors, nurses, roadside technicians and local experts who show up in person when it matters most. We are digital-first — and human always. Any client, anywhere can choose to be served entirely by people. That is what always ready, always on truly means.”

Technology and AI at the heart of the platform

Redion places technology, data and artificial intelligence at the centre of its development — with a dual objective: to significantly improve the speed and quality of services, and to deliver smoother, more personalised experiences. The platform is building its own technological solutions to transform the Care experience in depth, complementing the human expertise and partner networks that have always been at its core. In every critical situation — from medical repatriation to workplace injury — AI supports human decision- making; it does not replace it.

Built on two operating values — Excellence and being Easy to work with — Redion embodies Generali Group’s ambition to be the world’s premier Care partner. That means being Caring, Collaborative, Agile, Reliable and Expert in every interaction, for every client, in every country.

Strengthening local presence and long-term investment in Asia

Redion is bringing greater clarity and consistency across the Asian markets in which it operates, notably Japan, Hong Kong, Malaysia, Singapore, and Thailand. These markets represent key growth priorities, supported by strong local teams and leadership.

Since entering these markets, the Group has reinforced its travel solutions, supported by more than 350 local employees.

The rebrand reflects Redion’s commitment to local decision-making across the full travel protection value chain, combined with global scale and 24/7 care for travelers. It also simplifies regional engagement for both current and prospective partners.

Hassen Bennour, CEO of Redion for Asia Pacific (APAC) said:
“Redion marks an important step for our region. The new name reflects our international footprint, with 45% of revenue generated outside Europe, and supports our growth ambition in the Asia market and the broader APAC region. As Redion comes together under one global identity, we will deliver a more unified experience for travellers across our region and beyond.”

For more information about Redion, visit:
Region Asia: redion.com

Corporate Website

Hashtag: #Redion #Generali #TravelInsurance #Assistance

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Source: New Zealand Government

Dargaville residents now have better access to healthcare closer to home, with new acute care and local cancer treatment available in the community, Health Minister Simeon Brown says.

“Everyone deserves access to timely, quality healthcare, no matter where they live. These changes will make it easier for people in Dargaville and the wider Kaipara community to get the care they need closer to home,” Mr Brown says.

“From today, a new acute care service is operating in Dargaville from 8:00am to 8:30pm, seven days a week. This will significantly improve access to urgent healthcare and reduce the need for patients to travel to Whangārei for treatment.

“Until now, many people needing urgent care outside normal business hours have faced a long drive to access treatment. Now, more people will receive timely care in their own community, making it easier for families to get the treatment they need and reducing pressure on our emergency departments.

“Patients will be able to be assessed and treated for a wide range of conditions, including abdominal pain, back pain, minor head injuries, minor burns, chest infections, asthma attacks, eye and ear infections, fractures, and sprains and strains.”

The acute care clinic forms part of the Government’s national Urgent Care and After-Hours Framework, which aims to ensure 98 per cent of New Zealanders can access in-person urgent care within a one-hour drive.

Mr Brown says Dargaville patients are also now able to receive cancer treatment closer to home through a new oncology infusion service.

“Receiving cancer treatment is challenging enough without the added burden of regular long-distance travel.

“Four purpose-built infusion chairs are expected to support around 70 patients each year from across the Kaipara District, delivering approximately 720 chemotherapy, immunotherapy, and targeted cancer treatments annually.

“This means patients can spend less time on the road, remain close to their family and support networks, and receive treatment in their own community.”

The Dargaville infusion unit is part of a wider expansion of oncology services across the country, alongside facilities in the Bay of Islands, Kaitaia, and Whangārei.

“This is about putting patients at the centre of the health system and improving access to timely treatment, particularly for people living in rural and regional New Zealand.

“We are focused on fixing the basics and building the future of our healthcare system. Bringing more healthcare closer to home will make a real difference for the people of Dargaville and the wider Kaipara community,” Mr Brown says.

Original source: https://nz.mil-osi.com/2026/06/15/new-acute-care-and-cancer-treatment-services-for-dargaville/

Source: Green Party

The richest 150 New Zealand individuals and family dynasties now own as much between them as half of the country, the Green Party says.

According to the National Business Review’s report today, assets held by New Zealand’s super rich have increased 26.35% in a single year, from $102.1b to $129b.

“One hundred and fifty people and dynasties recorded a $27 billion increase in their wealth as homelessness reached a record high and a third of families suffer food insecurity. These things are connected,” says Green Party Co-leader Chlöe Swarbrick.

“Our economy is bigger than it’s ever been, and it’s being hoovered up, not trickling down. The wealthiest 150 people now own as much as half of the rest of the country.” 

“As we look across to the United States and wonder how their politics turned so toxic and their economy so unequal, the answer is enabling excessive wealth accumulation for a select few while regular people starve, have healthcare and education and job opportunities denied.”

“IRD told us years ago that the richest people in Aotearoa pay half the effective tax rate that the average hard-working New Zealander does. That’s a rigged system, and one Luxon moved at pace to hide when, in his first hundred days in power, the Government revoked IRD’s ability to report on the unfairness of the tax system.”

“New Zealand’s ‘cost of living’ crisis is actually a cost of greed crisis. While most people have watched their living standards go backwards these last few years, a handful have raked in billions and corporations have reported record profits.”

“Our country has the resources to ensure everyone has a decent life and the opportunity to fulfil their potential. The question is whether we believe in democracy, which means a fair tax system, functional infrastructure and citizens’ basic needs being met.”

“This week, the Greens will announce our election policy to fix the tax system, and ensure the super-rich contribute their fair share to the society they profit from, to rebuild a country that works for all of us,” says Swarbrick.

Original source: https://nz.mil-osi.com/2026/06/15/nz-rich-listers-own-as-much-wealth-as-half-the-country/

Source: Eastern Institute of Technology

2 minutes ago

Returning to study was something Shaye Tamatoa once doubted he would do, but the Hawke’s Bay horticulture worker is now in the final stages of completing EIT’s Diploma in Fruit Production.

The 27-year-old initially enrolled in one course as part of the Diploma in Fruit Production before deciding to continue with the qualification after completing his first paper.

“I wasn’t too great at school previously, but going into this one, I’m glad they pushed me to do it because I’ve actually really been enjoying it.”

Shaye first entered the horticulture industry more than nine years ago after leaving school and later joining a Work and Income programme that connected him with Freshmax, now Kiwi Crunch.

After completing a Level 2 qualification through the programme, he was offered a permanent role and has remained with the company ever since.

Over the years, he progressed through a range of roles before moving into an Assistant Manager position, where he now helps oversee staff, train team members and manage day-to-day orchard operations.

Despite his industry experience, Shaye says returning to study was initially daunting.

“You go into class with a bunch of people from the industry and think everyone else is going to be miles ahead of you.”

Instead, he found a supportive environment where students learned from one another.

“Everyone helps each other out and you get a feel for how everyone else is doing within the industry.”

While he was initially worried each level would become more difficult, he found himself enjoying the challenge.

“It was the same thing going into Level 5. In my head I was thinking it was just going to get harder and more complicated, but it wasn’t too bad. I’ve really enjoyed it.”

Studying has also pushed him outside of his comfort zone and introduced him to new experiences.

“We do presentations, go to new places and meet new people.”

For one assessment, Shaye designed and built a physical orchard gameboard using 3D software.

“I get to use skills I’ve picked up over my life that I wouldn’t normally get to use.”

Alongside support from EIT tutors, Shaye says encouragement from managers at work helped motivate him to continue studying.

“My tutors definitely pushed me to carry on. Even our CEO told me I should do it, and I’m glad I didn’t give it up.”

Shaye says he would encourage others considering study to give it a go.

“All the support is there. You can call the tutors anytime and they’re always happy to help.”

EIT Programme Coordinator, Steven Hartley says it has been encouraging to see Shaye progress beyond that initial course and commit to the full qualification.

“Shaye began with just one paper but quickly embraced the opportunity to keep building his skills. He has drawn on real workplace situations to reinforce his learning, highlighting the value of studying while working and applying theory in practice.

“Throughout the programme, Shaye has grown in confidence, strengthening his critical thinking, problem-solving, and leadership skills.

Shaye’s journey reflects the aim of the Diploma in Fruit Production -to develop people who can respond to industry challenges and lead and inspire others.”

Original source: https://nz.mil-osi.com/2026/06/15/horticulture-worker-upskills-through-study-at-eit/

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 15 June 2026 – Frost & Sullivan, a globally renowned growth consulting firm, has released its “2026 AI Infrastructure Orchestration Platform White Paper”. The report recognizes Phancy Group’s Rise vGPU as a Tier 1 Leading Platform, the highest maturity tier in heterogeneous GPU orchestration. Phancy’s ModelHub also achieved the highest Overall Score in the enterprise-grade model management platform evaluation. This marks a significant endorsement of Phancy’s technological capability in heterogeneous AI infrastructure.

According to the white paper, as large model applications scale rapidly, China’s AI industry is facing structural challenges stemming from multi-chip coexistence. These include hardware heterogeneity, fragmented software stacks, persistently low GPU utilization (generally below 30%), and rising model adaptation complexity — all of which have become major bottlenecks for enterprise-scale AI deployment.

The report highlights a fundamental shift in AI infrastructure competitiveness – moving away from “single-chip performance” toward “cluster-scale system coordination.” At this critical juncture, Phancy has positioned itself as a leader in advanced orchestration through its full-stack AI infrastructure platform, offering a proven solution to heterogeneous compute challenges and helping drive China’s AI industry from “compute accumulation” into a new era of “compute orchestration.”

Phancy Rise vGPU: Tier 1 Leading Platform

In its assessment of mainstream AI infrastructure platforms, Frost & Sullivan defined Tier 1 criteria across three core dimensions: heterogeneous support, fine-grained control, and production-grade execution. Phancy Rise vGPU meets all three standards and has been recognized as a Tier 1 Leading Platform.

Rise vGPU transforms AI infrastructure from fragmented, low-efficiency device-level management to a unified software-defined control plane. Its key technology breakthroughs include:

• Comprehensive Heterogeneous Management: Unified onboarding and management across more than 10 mainstream GPU/NPU vendors, including NVIDIA, Ascend, Cambricon, Hygon, and others.
• Ultra-Fine Resource Partitioning: Industry-leading sub-GPU level compute and MB-level memory granularity slicing.
• Significant Utilization Improvement: Through safe oversubscription and time/space multiplexing, GPU utilization is increased from industry averages below 30% to 70%-90%.
• Intelligent Precision Scheduling: Multi-dimensional scheduling algorithms based on priority, topology, load, and resource awareness to achieve optimal compute allocation.
• Production-Grade SLA Assurance: The Deterministic Execution Layer delivers committed and auditable SLA guarantees for critical inference workloads.
• Full Lifecycle Operability: Comprehensive monitoring, metering, and cost allocation capabilities that turn GPU resources into truly operable digital assets.

Model Hub: Highest Overall Score in Model Management Platform Evaluation

Beyond compute orchestration, the report underscores the strategic importance of enterprise-grade model management platforms. As a powerful complement to Rise vGPU, Phancy ModelHub enables enterprises to build a complete full-stack AI infrastructure — from compute to models and from resource scheduling to business delivery.

The white paper notes that Phancy ModelHub delivers leading performance in key areas such as Model & Chip Compatibility, Execution Stability & Performance, and Model-GPU Coordination & Scheduling, achieving the highest Overall Score. Through its unified model management and execution platform, ModelHub creates a seamless closed-loop process covering model onboarding, deployment optimization, inference services, and version governance — significantly lowering the barrier to model deployment and accelerating AI innovation.

Dr. Dai Wenyuan, Founder & CEO of Phancy, said: “The Frost & Sullivan white paper accurately captures the inflection point in AI infrastructure development. The recognition of Rise vGPU as a Tier 1 Leading Platform and ModelHub’s top Overall Score provide important authoritative validation of Phancy’s technology strategy and product strength. As a full-stack AI cloud service platform, Phancy believes the next wave of competitiveness in the AI industry will come from systematic improvements in compute orchestration efficiency. We will continue to focus on heterogeneous compute unified scheduling and model ecosystem operations, working closely with customers and industry partners to advance China’s AI industry from ‘compute accumulation’ to a true ‘compute orchestration’ era.”

Hashtag: #PhancyGroup

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.