SYDNEY, July 26, 2026 (GLOBE NEWSWIRE) — BYD, the world’s leading manufacturer of new energy vehicles, and Smart, Australia’s leading salary packaging and novated leasing provider, today announced a strategic partnership to make electric vehicle (EV) ownership more accessible and affordable to Australians.

As the strategic partner to BYD and its premium brand DENZA, Smart provides access to more than 2.5 million Australians employed by Smart’s clients across the government, healthcare, education, corporate and not-for-profit sectors. This creates a direct pathway for eligible employees to consider a BYD or DENZA new energy vehicle through a Smart novated lease at the point of purchase, while helping customers understand affordability, tax savings and total cost of ownership.

The partnership provides customers access to specific tax savings for EVs through the government’s electric car discount, and comes as EV adoption continues to accelerate in Australia.

In June 2026, battery electric vehicles (BEVs) accounted for 23 per cent of the new vehicle market, according to official VFACTS data. BYD Australia’s growth has been rapid, with year-to-date sales at the end of June reaching 52,335 vehicles, more than double the figure recorded at the same point last year.

As Australia’s largest salary packaging and novated leasing provider, Smart supports more than 580,000 salary packaging customers and has more than 120,000 novated lease and fleet vehicles under management. The new collaboration with Smart will give BYD customers access at the point of sale to salary packaging support and potential tax advantages available through a novated lease, including those available under current government policy settings.

BYD Australia General Manager, Wing You, said:

“As BYD continues to grow in Australia, we are focused on making new energy vehicle ownership as simple and accessible as possible for our customers.”

“Partnering with Smart allows us to integrate novated leasing support into the dealership experience, helping customers understand affordability, savings and ownership options at the point of sale.”

Smart’s Group Executive, Novated Leasing and Electric Vehicle Services, Sid Jha, said:

“This partnership brings together two market leaders with a shared ambition to accelerate Australia’s transition to electric vehicles. BYD has transformed the Australian market by making EVs more accessible, and Smart can now help remove another major barrier by integrating novated leasing into the customer journey.”

“Smart reaches more than 2.5 million Australians through employers nationally. By integrating salary packaging into the BYD customer journey, we can remove friction at a critical point in the purchase process and give customers a clearer view of cost, savings and ownership options before they make a decision.”

“For eligible Australians, this is about making EV ownership more attainable, not simply offering another way to finance a car. We can help customers understand whether a BYD through a Smart novated lease works for them, compare the cost of owning and running an EV, and give them the confidence to make the switch to electric.”

Contact

Michael Fairbairn | michael.fairbairn@smartgroup.com.au | 0448 524 731

Paul Ellis | paul.ellis@byd.com | 0455 344 431

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/994dc6e1-43f8-4082-b8cf-2fecf9fdd180 

https://www.globenewswire.com/NewsRoom/AttachmentNg/198dba46-6337-4df9-b6c7-a85d30e60858

– Published by The MIL Network

Transaction expected to close in fourth quarter with combined company to begin trading on the Nasdaq under the ticker “FUEL”

Vertically Integrated business model combines state-of-the-art power generation with oil & gas production to power Bitcoin mining operations

Post-Transaction combined entity expected to have an equity valuation range between US$220M-$343M

SYDNEY, Oct. 15, 2025 (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 entered into a definitive agreement for a reverse triangular merger transaction with BlockFuel Energy Inc., a Texas corporation (“BlockFuel” or “BFE”) engaged in oil and gas exploration and state-of-the-art power generation to support Bitcoin mining operations and high-performance data centers across North America. IBG and BFE expect to close the transaction in the fourth quarter of 2025, subject to customary closing conditions and will trade on the Nasdaq under the ticker symbol “FUEL”.

Under the terms of the definitive agreement, IBG will merge with BlockFuel through a reverse triangular merger, with a newly formed subsidiary of IBG formed for the transaction merging with and into BFE, with BFE as the surviving entity and becoming a wholly owned subsidiary. When the transaction closes, the owners of BFE are expected to own ordinary shares in IBG representing 90% of the total number of issued and outstanding ordinary shares of IBG on a post-transaction basis, subject to certain equitable adjustments for interim financings. As previously announced, Marshall & Stevens Transaction Advisory Services conducted an independent fairness analysis which concluded that the post-transaction combined company resulting from the merger of IBG and BFE is expected to have an equity valuation range between US$220 million to US$343 million. Shareholders of IBG will own 10% of the combined entity upon closing, equaling an implied post-transaction equity value for IBG in the range of US$22 million to US$34.3 million, compared to a pre-transaction valuation of US$2.9 million to US$6.3 million.

Upon closing of the agreed transaction, Daniel Lanskey, currently President and CEO of BlockFuel and a Director of IBG, will be appointed Chairman of the Board and Chief Executive Officer of the new combined entity. Sahil Beri, currently Chairman of the Board and Chief Executive Officer of IBG, will resign from both positions and will be appointed as President of a newly formed beverage subsidiary.

Sahil Beri, Chief Executive Officer of IBG commented, “The agreement for our reverse merger transaction with BlockFuel Energy marks a pivotal milestone in the IBG story as we work to maximize shareholder value. BlockFuel is uniquely positioned at the forefront of energy innovation and digital asset mining, and we are pleased to provide a public vehicle for BFE to introduce itself to the capital markets. We are separately optimistic about what the future holds for the IBG business as a subsidiary of BlockFuel as we continue to build and grow our award-winning alcoholic and non-alcoholic beverage portfolio.”

Daniel Lanskey, Executive Chairman of BlockFuel added, “With today’s announcement finalizing BlockFuel’s entry into the U.S. capital markets via our reverse merger with IBG, we are well placed to capitalize on significant opportunities across the digital asset, energy capture and oil & gas sectors. Integrating IBG’s public market presence with our advanced energy harnessing and Bitcoin mining technologies creates a powerful foundation for long-term value creation. This transaction strengthens our ability to scale, expand market reach, and build a sustainable growth trajectory at the intersection of cleaner energy and blockchain infrastructure.”

If you have a question or would like to schedule a meeting with IBG or BFE management, please contact BFE@KCSA.com.

About Innovation Beverage Group
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. By turning natural gas at the source, including stranded and flared gas, into a potent resource for the digital era, BlockFuel Energy intends to redefine the energy industry. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power bitcoin mining operations and 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” and “forward-looking information.” These statements include, but are not limited to, statements about the final terms of the potential merger transaction, the structure of such transaction, benefits of the contemplated transaction between IBG and BlockFuel Energy, expected closing conditions and the parties’ ability to complete the transaction, should definitive documentation be reached as well as other statements that are not historical facts. This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.

The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as “expects,” “anticipates,” “plans,” “projects,” “estimates,” “envisages,” “assumes,” “intends,” “strategy,” “goals,” “objectives” or variations thereof or stating that certain action events or results “may,” “can,” “could,” “would,” “might,” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.

All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company’s management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Such factors include, among others, (1) delays in finalizing definitive documentation for the contemplated transaction, (2) the risk that definitive documentation will reflect different terms than the non-binding terms described herein, (3) the risk of delays in consummating the contemplated transaction, including as a result of required regulatory and stockholder approvals, which may not be obtained on the expected timeline, or at all, (4) the risk of any event, change or other circumstance that could cause the parties to terminate the transaction prior to closing , (5) disruption to the parties’ businesses as a result of the announcement and pendency of the transaction, including potential distraction of management from current plans and operations of IBG or BlockFuel Energy and the ability of IBG and BlockFuel Energy to retain and hire key personnel, (6) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the transaction, (7) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (8) the outcome of any legal or regulatory proceedings that may be instituted against IBG or BlockFuel Energy related to the transaction or merger agreement, should definitive documentation be executed, (9) the risks associated with third party contracts containing consent and/or other provisions that may be triggered by the contemplated transaction, (10) legislative, regulatory, political, market, economic and other conditions, developments and uncertainties affecting IBG’s or BlockFuel Energy’s businesses; (11) the evolving legal, regulatory and tax regimes under which IBG or BlockFuel Energy operate; (12) any restrictions during the pendency of the contemplated transaction that may impact the parties’ ability to pursue certain business opportunities or strategic transactions; and (13) unpredictability and severity of catastrophic events, including, but not limited to, extreme weather, natural disasters, acts of terrorism or outbreak of war or hostilities. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.

The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.

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

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

Investor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BFE@KCSA.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d6543343-3458-4a0b-84b2-aa163fe3f272

– Published by The MIL Network

HONG KONG SAR – Media OutReach Newswire – 24 July 2026 – Yung’s Bistro, the contemporary dining concept under Yung Kee Restaurant, today announced the official opening of its relocated venue at Shop 704, K11 MUSEA. Unveiled with a refreshed look, the brand first debuted at this arts and architecture landmark in 2019, consistently driving a dynamic dialogue between tradition and innovation. Moving from its original location at Shop 701, this relocation deepens that vision, integrating classic Cantonese cuisine and contemporary art into a newly redesigned space.

A Dialogue in Colour and Craft

The new Yung’s Bistro showcases 3,380 square feet of inviting space, its interiors glowing in vermilion — the traditional Chinese hue first introduced at the Taikoo Place branch. A gentle touch of green also runs through the design, adding nature, heritage and a dash of style that bridges Yung’s Bistro with the iconic Yung Kee flagship.

At the entrance, handcrafted brick walls with a tactile 3D finish nod to the materials and texture of Yung Kee’s Central flagship, warmly connecting past and present with a fresh, youthful twist. Inside stands a large hand-painted mural sharing the same artistic roots as the Taikoo Place branch. Inspired by the legendary ‘Winding Stream Party,’ the artwork captures Black Mane Geese relaxing with tea in the wild, adding a touch of playful heritage to the room.

The new venue’s visual centerpiece is a pair of wall installations by local artist Sim Chan, titled ‘Who Says I’m Silly’. Blending the existing white landscape relief with detailed 3D-printed miniatures, the classic Orchid Pavilion Preface is reimagined into a fantastical Yung Kee world packed with Hong Kong humor.

Here, being ‘Silly’ simply means staying optimistic and creative. Looking closely, diners will spot whimsical miniatures like Wang Xizhi chilling with geese, a goose-shaped Star Ferry, teapot cable cars, selfie-taking scholars, and lively water sports along the lakeshore. It truly is ‘an elegant landscape from afar, an intriguing world up close.’

Two Zones Crafted for Every Occasion

The space unfolds across two tailored zones designed for different gatherings:

• Orchid Pavilion Space: Taking cues from the legendary “Winding Stream Party,” curved glass and rich vermilion accents set an easygoing, carefree vibe. Whimsical goose murals and 3D wall art add a touch of playfulness, while sunlit olive-green velvet booths line the windows -creating a cozy corner for afternoon tea or casual bites.

• The Banquet Space: Centered around a deep green marble wall, this sophisticated zone blends warmth with privacy. It features a private room with Victoria Harbour views and two semi-open spaces separated by sliding screens, providing a versatile, stylish backdrop for business dinners and celebrations of up to 50 guests.

A Culinary Symphony Reimagined

Yung’s Bistro upholds its philosophy of “Taste of Art, Made with Heart” through four key pillars: modern interpretations of classics, nostalgic favourites, childhood-inspired creations, and refined home-style dishes.

Among the modern interpretations, the Deep-fried Cod with Diced Salted Fish, Crispy Garlic and Chili in Special Sauce (HK$380) reimagines a traditional dish by combining typhoon shelter-style cod with salted fish’s umami notes, finished with yuzu juice. Nostalgic favourites include the Steamed Egg White, Mini Crab Roe with Rice (HK$150) is a classic dish that is laboriously made by hand-picking the crab roe from around ten mini crabs prized for their strong umami flavour and delicate texture. The Steamed Beef Patties and Stir-fried Sliced Beef with Premium Aged Tangerine Peel (HK$300) presents beef prepared two ways, elevated by the 25-year-old tangerine peel sourced exclusively from Xinhui.

Childhood-inspired creations feature the Roasted Whole Goose Leg with Charcoal Stove (HK$350), served tableside with a charcoal brazier to preserve its chargrilled aroma, depicting the tradition of gifting goose legs during festivals. It is followed by the White Rabbit Candies Custard (HK$58), which reimagines a beloved childhood sweet as a dessert course. Among the refined home-style dishes, the Homestyle Braised Pork with Preserved Vegetables in Soy Sauce (HK$320) features Hong Kong-reared Berkshire pork prepared with traditional methods that highlight the meat’s succulence and the preserved vegetable’s natural sweetness.

Beyond the four core pillars, the team has also expanded the drinks and dining menu to cater to K11 MUSEA’s diverse clientele. A new cold-brew tea series has been introduced for summer, slow-brewed at low temperatures for a cleaner, smooth taste. Weekly rotating lunch sets have also been added for business diners seeking a quick yet polished midday option. Dim sum remains available throughout the day, featuring an enhanced weekend selection for the ultimate yum cha experience.

First-Time Collaboration with Tim Ho Wan

To celebrate the reopening, Yung Kee has collaborated with Tim Ho Wan for the first time, bringing a mini version of the limited-edition Tim Ho Wan x Yung Kee “Baked Roasted Goose Bun” to Yung’s Bistro at K11 MUSEA. Yung Kee’s roast goose is carefully deboned and combined with a secret sauce developed jointly by both brands, then encased in Tim Ho Wan’s celebrated golden, flaky baked bun.

The mini version is available exclusively at Yung’s Bistro’s K11 MUSEA branch in July, customers will receive a complimentary serving of 2 mini Baked Roasted Goose Buns upon spending a net amount of HK$500 or more in-store, and 4 pieces for those spending over HK$1,000, and so on.

Returning to K11 MUSEA, Yung’s Bistro honours its Tsim Sha Tsui heritage—welcoming familiar faces and new guests to experience an authentic, reimagined taste of Hong Kong.

Address: Shop 704, 7/F, K11 MUSEA, 18 Salisbury Road, Tsim Sha Tsui, Kowloon
Opening Hours: Monday–Friday 11:30am–10:30pm | Saturday, Sunday & Public Holidays 11:00am–10:30pm
Reservations & Enquiries: +852 2321 3800

For high-resolution images, please go to: https://drive.google.com/drive/folders/1fB5aUwyQBzni3O2gar_Y1e5Q1bHb79r5?usp=sharing

Hashtag: #鏞鏞藝嚐館 #YungsBistro

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

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

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ENTECH, Australia and NZ’s longest-running AV trade roadshow and the only event for AV and entertainment technology professionals that visits every major population centre, is heading to its final 2026 shows in New Zealand after completing record-breaking events across Australia.

Having toured five cities across Australia with a packed one-day program of seminars, hands-on demonstrations and its new Tech Train the ENTECH roadshow is staged fresh in NZ, opening at the new Auckland International Convention Centre on Tuesday 28 July then rolling Thursday 30 July into Lower Hutt Events Centre in Wellington and crossing the straight to Te Pae in Christchurch for Tuesday 4 August.

The 2026 ENTECH Australian Roadshow saw record visitor numbers, a revitalised exhibitor floor and a clear signal that the professional AV, lighting and production industry is spending well.

ENTECH CEO Kate McKenzie explained, “It encompassed five cities, one amazing crew and thousands of handshakes. After rolling through Sydney, Melbourne, Brisbane, Perth and Adelaide the ENTECH Roadshow has packed up its trucks and called 2026 a wrap in Australia with the numbers making for very good reading as we head to New Zealand.”

Total visitor registrations across the five-city Australian tour were up 27 per cent with Sydney leading the charge up 37%, then Melbourne up by 32%, Brisbane continued its strong upward trajectory up 20%, Adelaide up 28% and Perth up 3%.

McKenzie added, “Registration counts only tell part of the story, though. What exhibitors care about is the ‘quality’ of visitors and ‘who’ walks through the door and on that measure, 2026 delivered emphatically.”

Across all cities, 85 per cent of registered visitors reported some form of purchasing role including final decision-maker, specifier or influencer. Critically, 82% indicated active or near-term purchasing intent, either buying at the show or flagged projects in the pipeline they were looking to buy for in the next 12 months. For ENTECH exhibitors, that’s a well-stocked order book walking around the floor.

Audio and sound remained the dominant interest category selected by 74% of all Australian visitors, followed by lighting at 60% and video/broadcast at 49% which meant all 68 exhibitor stands were filled and busy throughout each show in each city.

The ENTECH touring crew that makes the whole thing happen covered 10,563 kms across the country, managing bump-in, floor operations and bump-out across every city – a considerable logistical undertaking that involved four Live Event Logistics trucks and up to 30 local crew supported by 30 venue staff at each event.

From 2027, the ENTECH Roadshow restructures as an even more focused Sydney, Melbourne and Brisbane event – a change the organising team describes as a “sharpening” of focus. If the 2026 numbers are any guide, the industry will follow wherever ENTECH goes.

For now, the ENTECH Roadshow next rolls into its final 2026 legs in Auckland, Wellington and Christchurch where, as always, attendance is free for trade guests.

For more information and to register, visit www.entech-roadshow.com 

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SINGAPORE – Media OutReach Newswire – 20 July 2026 – Imperial Harvest, an Imperial Feng Shui consultancy in Singapore, has unveiled a one-of-one bespoke mahjong set valued at US$1.888 million (approximately S$2.4 million) — placing it among the world’s most valuable mahjong sets ever created — with all proceeds from its sale pledged to DIPG Foundation Singapore, funding research into one of the deadliest childhood brain cancers.

For generations, mahjong has been far more than a pastime. Rich in symbolism, strategy and tradition, the centuries-old game has long brought families and friends together around a table, and today it is enjoying a global resurgence, winning new audiences across the United States and beyond.

Against this backdrop, the one-of-one creation brings together exceptional materials, artisanal craftsmanship and Imperial Feng Shui principles into a collector’s piece that channels cultural heritage into meaningful change.

Turning Prosperity Into Hope for Children

Diffuse Intrinsic Pontine Glioma (DIPG) is a rare and aggressive brain tumour that primarily affects children between the ages of five and 11, and has long been considered incurable. In 2024, doctors reported the world’s first case of a child effectively cured of DIPG, renewing global momentum in the field — yet research into the disease remains critically underfunded.

All proceeds from the sale of the mahjong set will be donated to DIPG Foundation Singapore, Singapore’s first foundation dedicated to advancing research into DIPG and other paediatric brain cancers. Founded by families who each experienced the loss of a child to the disease, the foundation supports research, advocates for greater access to innovative therapies and clinical trials, and provides resources for affected children and their families.

For Grand Master David Goh, founder of Imperial Harvest, donating the proceeds reflects a belief that prosperity carries its greatest meaning when it can be shared. The mahjong set celebrates abundance through symbolism and craftsmanship while channelling that value into research that brings hope to affected children and their families.

A Fading Craft, Reimagined

The set arrives at a time when the traditional art of mahjong tile carving is fading worldwide, lending its craftsmanship a significance beyond luxury alone. At the heart of the set are 156 playing tiles, including Animal, Fei and Joker tiles, individually crafted in untreated Burmese Grade A Black Jadeite. Revered for its rarity and cultural significance, the stone has long been associated with protection, resilience and prosperity, with every tile retaining its natural individuality.

The tiles are housed in a bespoke trunk wrapped in exceptionally rare Himalayan Niloticus crocodile leather, prized for its naturally occurring gradient reminiscent of snow-capped mountain peaks and sourced from a tannery that supplies some of the world’s most prestigious luxury maisons. Inside, aerospace-grade Alcantara — the same premium material found in the interiors of Ferrari and Lamborghini supercars — creates a soft, durable lining that protects every tile.

Where Feng Shui Meets Design

Guided by third-generation feng shui master Grand Master David Goh, every detail has been considered not only for its visual appeal but also for its symbolic significance, resulting in a collector’s piece that seeks to harmonise Heaven, Earth and humanity.

The conventional Singapore animal tiles have been replaced by the Four Celestial Guardians — the Azure Dragon, Vermilion Phoenix, White Tiger and Black Tortoise — mythical creatures deeply rooted in Chinese cosmology that traditionally represent protection, balance and harmony. Likewise, the flower tiles have been redesigned to depict four auspicious creatures: the bat, deer, crane and magpie, collectively symbolising fortune, prosperity, longevity and happiness.

Even one of mahjong’s most recognisable tiles, the Seven Dots, has been reimagined. Instead of following its conventional arrangement, the seven circles are positioned according to the “Seven Star Lighting” formation, an Imperial Feng Shui configuration believed to represent stability, clarity and strategic balance. The Character suit, meanwhile, features English transliterations such as “Yi Wan”, “Er Wan” and “San Wan”, making the set accessible to an international audience while preserving its cultural identity.

As Grand Master David Goh describes it, the set is “far beyond a Mahjong set. Every detail has been calibrated to harmonise Heaven, Earth and Man, ensuring that its owner engages not just in a game, but in a field of aligned opportunity, protection and infinite prosperity.”

A New Definition of Luxury

Whether viewed as a collector’s piece, a work of design or cultural heritage, the Imperial Feng Shui Mahjong Set occupies a category of its own — a reminder that the greatest luxury may ultimately be the opportunity to create meaningful change. It is a philosophy that Imperial Harvest carries through its bespoke Feng Shui consultation services in Singapore, where prosperity is understood as something to be built, and shared.

https://imperialharvest.com/
https://www.instagram.com/imperialharvest/

Hashtag: #ImperialHarvest #GrandMasterDavidGoh #ImperialHarvestMahjongSet #ImperialFengShui

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

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

JAKARTA, INDONESIA – Media OutReach Newswire – 18 July 2026 –VinFast announced the opening of 20 official e-motorcycle dealerships across Indonesia in July 2026, marking a major milestone in its strategy to expand its distribution network in Southeast Asia’s largest motorcycle market. To celebrate the launch, VinFast hosted a large-scale product experience event featuring the VinFast Evo, VinFast Feliz II, and VinFast Viper, offering consumers the opportunity to experience the Company’s smart e-motorcycles and comprehensive green mobility ecosystem firsthand.

The grand opening of VinFast dealers will take place from July 19 to 25, 2026, bringing VinFast’s genuine products and services closer to customers across Indonesia. The 20 new dealerships are located across key regions such as Jakarta, Bandung, Semarang, Yogyakarta, Medan, Palembang, Makassar and many other major provinces and cities nationwide.

The expansion follows strong customer response to VinFast’s Early Booking Program, which has attracted thousands of deposits across Indonesia.

Dealerships will provide a full range of services, including vehicle sales, product consultation, after-sales support, and customer care in accordance with VinFast’s global standards. In addition to showcasing and selling VinFast E-motorcycles, the dealerships will offer customers opportunities to test ride the vehicles, experience the battery swapping solution and home charging options, and learn more about VinFast’s attractive ownership policies. Customers can visit VinFast’s official website at: https://vinfastauto.id/ to locate their nearest dealership and register for a test ride.

The opening campaign kicked off with the VinFast E-Motorcycle Experience Day, taking place on July 18, 2026, at Tribeca, Jakarta. The event welcomed customers, media representatives, KOLs, business partners, and electric mobility enthusiasts to explore VinFast’s e-motorcycle lineup and green mobility ecosystem.

During the event, attendees explored the full range of color options available for the VinFast Evo, VinFast Feliz II, and VinFast Viper, while learning more about each model, VinFast’s battery swapping network, home charging solutions, and the energy infrastructure being developed in partnership with V-Green.

In addition to the product showcase, the event featured dedicated test ride sessions, battery swapping demonstrations, safe riding challenges, interactive games, and opportunities to engage directly with VinFast’s product specialists.

Ms. Vo Thi Cam Tu, Managing Director of VinFast E-scooter Overseas Market, said: “VinFast’s strategy goes beyond introducing high-quality electric vehicles. Our vision is to build a complete ecosystem that makes owning and using electric vehicles more convenient than ever. The launch of 20 dealerships across Indonesia, together with our battery swapping, charging, and after-sales service network, represents another important step toward realizing that vision. We hope more Indonesian consumers will choose E-motorcycles as a smart, economical, and sustainable mobility solution.”

The three e-motorcycle models introduced by VinFast in Indonesia are designed to meet the needs of different customer segments while sharing the company’s advanced technology platform and innovative battery swapping ecosystem.

The VinFast Viper features a sporty design tailored to young, tech-savvy riders. Meanwhile, the VinFast Feliz II and VinFast Evo build upon the proven strengths of their predecessors in Vietnam while incorporating refinements to better suit the needs and preferences of Indonesian consumers.

All three models are equipped with a 5,200W BLDC in-wheel motor. The VinFast Viper and VinFast Feliz II offer a top speed of 90 km/h, while the VinFast Evo reaches 80 km/h. Each motorcycle is designed with dual battery compartments under the seat, allowing the simultaneous use of two 1.5 kWh LFP batteries.

With two fully-charged batteries installed, the VinFast Evo delivers a riding range of up to 150 km, while the VinFast Viper and VinFast Feliz II can travel up to 145 km under standard testing conditions, making them well-suited for both daily commuting and longer urban journeys.

Customers can choose to purchase their motorcycles with batteries included or opt for a battery subscription plan. In addition to battery swapping, the motorcycles can also be conveniently charged at home.

As a special launch benefit, all VinFast E-motorcycle owners will enjoy free battery swapping at V-Green’s public battery swapping stations for one year, with a maximum of 20 battery swaps per motorcycle per month. The motorcycles are also backed by a warranty of up to 4+2 years or 60,000+12,000 kilometers, whichever comes first, helping reduce ownership costs while enhancing convenience and peace of mind.

The simultaneous opening of 20 e-motorcycle dealerships further demonstrates VinFast’s long-term commitment to the Indonesian market. By expanding its retail network, diversifying its product portfolio, and investing in energy infrastructure, VinFast is steadily building a comprehensive green mobility ecosystem that will help accelerate the country’s transition toward sustainable transportation in one of the world’s largest motorcycle markets.

Hashtag: #VinFast

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

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

SYDNEY, July 18, 2026 (GLOBE NEWSWIRE) — Shanghai Sunwin Bus Corporation (“Sunwin Bus”) showcased its latest green mobility solutions at the Australasia Bus & Coach Expo 2026 in Sydney under the theme “Green Means More.” The company presented the iEV12 battery-electric city bus and the B13E battery-electric bus chassis, attracting strong interest from Australian public transport operators, government transport authorities and industry media.

Sunwin Bus Showcases Green Mobility Solutions at Australasia Bus & Coach Expo 2026

During the exhibition, Sunwin Bus hosted a dedicated product presentation featuring a corporate video and technical briefings, providing attendees with a comprehensive demonstration of the company’s system integration capabilities and technological innovation in the new energy bus sector.

In his keynote remarks, Ma Zhenggang, General Manager of Sunwin Bus, said Australia is actively advancing the green and low-carbon transformation of its urban public transport system. An increasing number of local governments have announced plans to transition to zero-emission bus fleets, charging infrastructure is being deployed at a faster pace, and the Australian Federal Government has also stepped up financial support for new energy infrastructure.

“As the only dedicated manufacturer of medium- and large-sized new energy buses under SAIC Motor, Sunwin Bus regards this exhibition in Sydney as the starting point for providing advanced products and services to support Australia’s transition toward zero-emission public transportation,” Ma said. “At the same time, we look forward to gaining a deeper understanding of local technical standards, regulatory requirements and the industry ecosystem. We will actively respond to the market’s expectations for localization and supply chains while building local service capabilities covering the entire product lifecycle. We remain committed to a long-term strategy supported by continuous product iteration.”

Ma added that green and low-carbon public transportation represents not only an industrial transformation, but also a commitment to social responsibility and a more prosperous future.

The two products on display were developed specifically for the Australian market to meet the demanding requirements of RHD operation, long-haul mileage, high reliability and coastal climatic conditions.

Built on Sunwin’s latest vehicle platform, both models feature a fully low-floor, barrier-free design and are equipped with advanced Cell-to-Pack (CTP) battery technology, delivering longer driving range and enhanced handling performance.

The powertrain integrates a new-generation high-efficiency electric drive motor with Sunwin’s independently developed silicon carbide (SiC) auxiliary control technology, precisely optimized for public transport operating scenarios. A highly integrated thermal management system helps ensure reliable operation during Australia’s hot summers, while enhanced anti-corrosion protection improves durability in coastal environments.

The B13E battery-electric bus chassis also offers a high level of scalability, supporting different wheelbase configurations as well as front and rear overhang options to accommodate a wide range of customized body applications and meet the Australian market’s diverse operational requirements.

Throughout the exhibition, Sunwin Bus engaged with partners across Australia’s public transport industry value chain to explore market development opportunities and future cooperation.

For Sunwin Bus, “Green Means More” means more than environmental sustainability. It also represents higher efficiency, a better passenger experience and more sustainable prosperity. This philosophy reflects the true meaning of the company’s exhibition theme and embodies Sunwin Bus’s long-term commitment to growing together with the Australian market.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/29a54cbb-df82-4ba1-a72d-04dea49ae5d9

– Published by The MIL Network

MANILA, PHILIPPINES – Media OutReach Newswire – 18 July 2026 – Global electric vehicle companyVinFast has officially signed a strategic cooperation agreement with Bespoke Logistics, a Philippine provider of end-to-end automotive logistics solutions, to establish an integrated mobility processing center and authorized service workshop for the inspection and preparation of VinFast electric motorcycles prior to delivery. The partnership will help ensure vehicle quality, shorten delivery lead times, and lay a solid foundation for VinFast’s expanding electric motorcycle ecosystem in the Philippines.

Under the agreement, Bespoke Logistics will operate an integrated mobility processing center and VinFast-authorized service workshop, responsible for warehousing, vehicle inspection, technical preparation of electric motorcycles prior to delivery, vehicle yard management, and transportation. Located in Carmona City, Cavite Province, the 20,000-square-meter facility has a storage capacity of up to 30,000 vehicles, helping streamline vehicle preparation, improve operational efficiency, and ensure product quality before delivery to customers.

As part of the partnership, VinFast will work closely with Bespoke Logistics to implement technician training and certification programs, transfer standardized operating procedures and quality control processes, and establish a parts supply system to support aftersales operations.

Bespoke Logistics specializes in automotive logistics, offering an end-to-end service portfolio that includes pre-delivery inspection (PDI), warehousing, vehicle yard management, transportation, and vehicle delivery. The company also has extensive experience in warehouse-based technical operations and modern vehicle and inventory management systems, serving as a trusted logistics partner for multiple automotive brands in the Philippines.

Partnering with experienced local companies such as Bespoke Logistics will not only strengthen VinFast’s logistics and service capabilities in the Philippines but also provide a strong operational foundation for the delivery of its first electric motorcycles to customers.

The agreement forms part of VinFast’s long-term strategy to develop a comprehensive, international-standard electric motorcycle ecosystem in the Philippines. Alongside the launch of its diverse lineup of battery-swapping electric motorcycles, VinFast is steadily expanding its distribution network, aftersales services, and battery swapping infrastructure to deliver a seamless, convenient, and reliable ownership experience for customers.

Mr. Bui Viet Hung, VinFast Deputy CEO of Global Aftersales Service, said: “At VinFast, world-class products must be supported by robust infrastructure and exceptional aftersales services. Our partnership with Bespoke Logistics is a key milestone in strengthening our distribution and aftersales capabilities in line with global standards, ensuring that customers in the Philippines enjoy high quality products and services from day one of ownership.”

Mr. Allan A. Mina, President and CEO of Bespoke Logistics said: “We are proud to partner with VinFast as it develops its electric motorcycle ecosystem in the Philippines. We are committed to operating the facility in accordance with VinFast’s international standards while continuously enhancing our team’s capabilities and operational processes to support the brand’s long-term growth in the market.”

Over the past few years, VinFast has steadily built a green mobility ecosystem across the Philippines, Indonesia, India, and other international markets through strategic partnerships with local companies and ecosystem partners such as Green GSM and V-Green. In addition to electric motorcycles, VinFast is expanding its product portfolio to include electric cars, electric bicycles, and electric buses, providing consumers with more sustainable mobility options while accelerating the global transition to greener transportation.

Hashtag: #VinFast

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Today’s premium SUVs are expected to do more than ever before. For EVs, that expectation increasingly extends beyond the drive itself to the ownership experience that comes with it.

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HANOI, VIETNAM – Media OutReach Newswire – 17 July 2026 – VinFast today announced the signing of a strategic Memorandum of Understanding (MOU) with TÜVRheinland, a global leader in automotive testing, inspection and certification, to strengthen vehicle testing capabilities in Vietnam. The partnership includes the development of the VinFast Testing Center in accordance with international standards and the provision of testing and technical advisory services to automotive manufacturers across the region from Vietnam, laying the foundation for deeper integration into the global automotive value chain.

Under the MOU, VinFast and TÜV Rheinland will work closely across a broad range of areas, including technical advisory services, testing, certification and specialized training. TÜV Rheinland will prioritize the VinFast Testing Center as its preferred provider of testing and technical advisory services for relevant projects in Vietnam and the ASEAN region. The two parties will also jointly promote the capabilities of the VinFast Testing Center to international automotive manufacturers, develop new business opportunities, and organize specialized training programs and industry seminars to further strengthen technical capabilities.

Previously, VinFast and TÜV Rheinland have collaborated on numerous testing and technical assessment activities covering electric vehicle systems, components and complete vehicles, supporting the development of products that meet the technical requirements of both domestic and international markets. The new strategic MOU elevates the relationship beyond individual projects and establishes a long-term partnership aimed at helping Vietnamese businesses integrate more deeply into the global automotive value chain.

Headquartered in Germany and backed by more than 150 years of experience, TÜV Rheinland is a global leader in testing, inspection and certification. The company provides technical services to automotive manufacturers and suppliers worldwide, helping them comply with regulatory requirements and international standards related to safety, performance, electromagnetic compatibility, cybersecurity and other specialized technical fields.

Mr. Nguyen Manh Quan, Deputy CEO of Quality Control Division, VinFast, said: “Our partnership with TÜV Rheinland is a key step in VinFast’s long-term strategy to strengthen our research, testing and product development capabilities in line with international standards. Beyond enhancing product quality, this collaboration also creates opportunities for VinFast to gradually become part of the regional and global automotive technical services network, contributing to the continued development of Vietnam’s automotive industry ecosystem.”

Mr. Nguyen The Anh, General Director of TÜV Rheinland Vietnam, said: “We highly value VinFast’s continued investment in research, testing and product development. Leveraging our global expertise in testing, inspection and certification, TÜV Rheinland looks forward to working alongside VinFast to strengthen technical capabilities, drive technological innovation, and develop services that meet the growing demands of the market.“

As Vietnam’s leading electric vehicle manufacturer with a diverse ecosystem spanning electric cars, electric motorcycles and smart mobility solutions, VinFast continues to invest in research, development and testing infrastructure to meet the world’s most demanding international standards. The expanded partnership with TÜV Rheinland further reinforces VinFast’s strategy of building a network of world-leading technical partners, strengthening its research, testing and product development capabilities while contributing to technological innovation and the development of the automotive industry ecosystem in Vietnam and the region.

Hashtag: #VinFast #TÜVRheinland #AutomotiveTesting

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As Malaysia gears up for Visit Malaysia 2026 and Visit Johor 2026, Forest City expects heightened regional interest in eco and golf tourism

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MIL OSI

TAIPEI, TAIWAN – Media OutReach Newswire – 16 July 2026 – CyCraft (Stock Code: 7823) has been recognized by the global business and technology insights organization Gartner in its latest report, “Emerging Tech: AI Vendor Race: Reasoning Models Reshape Providers’ Approaches to AI Pricing.” In this report focusing on AI Reasoning Models, CyCraft is named as a Sample Provider, making it the only Taiwan-based cybersecurity company included in the full list.

Dr. Benson Wu, CEO and Co-Founder of CyCraft, stated: “We believe, being listed as a Sample Providerin the Gartner report demonstrates that the global market now views AI security as the next battlefield for AI commercialization. From day one, CyCraft has developed proprietary models, simultaneously deploying AI reasoning capabilities across three core pillars: cybersecurity defense, AI governance, and unmanned vehicle reconnaissance. Technical leadership is our starting point, not the destination. Our goal is to translate this leadership into rapid growth driven by strategic deployment and disciplined execution. Launched this year, our AI Red Teaming and AI Guardrail solutions have already been productized and commercially shipped, seeing active deployment in sectors like semiconductors and sovereign AI.”

AI Reasoning Models Drive Up Operating Costs, Restructuring Profit Logic

As AI transitions from “training models” to “reasoning models,” the industry officially moves from the research and development phase into commercial application. Reasoning models possess logical deduction, self-reflection, and complex problem-solving capabilities. However, these advanced capabilities have caused AI operational costs to skyrocket, forcing the tech industry to redefine its expectations of AI as a tool for massive cost reduction and profit maximization.

CyCraft’s XCockpit Threat Exposure Management Platform features built-in AI reasoning models that triage thousands of alerts in real time, automatically providing mitigation recommendations and effectively eliminating alert fatigue. From overall security posture scoring to specific actionable tickets for individual alerts, XCockpit transforms defensive benefits—which were historically difficult to define—into concrete, quantifiable technical metrics. This embodies CyCraft’s pragmatic philosophy: the value of defense must be visible, and it must be measurable.

Standing at the Frontier of AI Security, CyCraft Advances Commercial Implementation with Profound R&D Momentum

Deeply integrating AI with cybersecurity, CyCraft has launched XecGuard and XecART—two major AI security products deployable across both cloud and on-premises environments, both featured on the CyCraft believes that as AI moves from R&D to commercial deployment, the barrier for enterprises is no longer “whether they can use AI,” but “whether they can use AI responsibly.” Once Agentic AI enters financial transactions, government services, or critical infrastructure, every autonomous decision must leave a traceable path, accept auditing, and allow for real-time human intervention when necessary. This is true AI governance. It is not a compliance document, but a complete control chain stretching from pre-launch to runtime, and onto post-incident traceability.

CyCraft deconstructs this control chain into three actionable phases: XecART stress-tests model risks before deployment; XecGuard safeguards inputs and outputs during runtime; XCockpit quantifies the overall risk posture into traceable metrics. Interlocking these three components ensures that every step AI takes is visible, manageable, and auditable. CyCraft’s objective is clear: make AI behavior measurable before its value can be priced. Ultimate technical leadership must be converted into commercial resilience that is governable, auditable, and open to investor scrutiny.

The technological revolution of AI Reasoning Models and Agentic AI is an undeniable reality. The ultimate challenge lies in whether enterprises can implement “controllable, auditable, and highly transparent” AI governance within real-world commercial environments. From being recognized in international research reports to taking the stage at top-tier academic conferences, CyCraft continues to prove that from visionary R&D to product commercialization, Taiwan’s AI cybersecurity prowess helps herald the future of a secure, trusted, and prosperous AI era.

Reports
Gartner, Emerging Tech: AI Vendor Race: Reasoning Models Reshape Providers’ Approaches to AI Pricing, 5 June 2026.

Disclaimer
Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a trademark of Gartner, Inc. and its affiliates.

Hashtag: #CyCraftTechnology

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Imperans Q2 Report, State of Workplace Drug Use from TDDA

AUCKLAND, New Zealand, 16 July 2026 – Cocaine use is on the rise across New Zealand workplaces. That’s a key finding of the latest Imperans Report, a quarterly analysis of drug use in the workplace prepared by The Drug Detection Agency (TDDA), New Zealand’s largest workplace drug testing provider.

The Imperans report empowers New Zealand employers to engage in proactive workplace risk management, it provides them with an analysis of drug and alcohol usage trends, combining results from across the country.

Growing cocaine use is not the only workplace concern. Among all positive results across New Zealand, compared with year-on-year (YoY) substance detections are as follows.

MIL OSI

Forrestdale, Western Australia, July 14, 2026 (GLOBE NEWSWIRE) — Forrestdale, Western Australia – July 14, 2026 –

Forrestdale-based Always Electrical says Perth’s commercial and industrial clients are feeling the national electrician shortage most, with mandatory compliance testing and project deadlines colliding with a shrinking pool of licensed trades.

Businesses across Perth are waiting longer for licensed electrical contractors, with Jobs and Skills Australia listing electricians among the occupations in national shortage and industry estimates pointing to more than 32,000 additional electricians needed by 2030. Always Electrical, an electrical contracting company based in Forrestdale in Perth’s south east, says the squeeze lands hardest on commercial and industrial clients, whose compliance deadlines do not move when trades are scarce. Finding a commercial electrician Perth businesses can book without long lead times has become a genuine scheduling problem for facility and site managers, the firm said.

The numbers behind the shortage are not new, but they are getting worse. The Housing Industry Association’s Trades Availability Index recorded Perth among the tightest markets in the country in late 2025, and Western Australia’s mining, energy, and defence projects continue to draw licensed trades away from metropolitan work at premium rates. Firms that once quoted within days are now booking weeks ahead.

More information is available at https://alwayselectrical.com.au/

Commercial work carries the least flexibility. Much of a commercial electrician’s workload is compliance-driven: RCD safety switches must be tested on a fixed schedule, emergency exit lighting has mandated inspection intervals, and portable appliances require regular testing and tagging. A business that misses those dates is liable regardless of how hard it is to find trades. Industrial sites add their own demands, from three-phase power and machinery connections to switchboards and plant lighting across factories, warehouses, and processing facilities.

Always Electrical has operated in Perth since 1984 and holds electrical contractor licence EC2295. The company works across commercial, industrial, and residential construction and maintenance, from fit-outs and scheduled testing for commercial premises to switchboard upgrades and fault-finding in homes. Owner Ron de Vos still runs the business, and the firm has kept its focus on being the electrician Perth businesses and homeowners can reach directly rather than through a national call centre. .

“The shortage is real, but it is not evenly spread. The big projects up north absorb the trades, and metro businesses feel it in their maintenance schedules,” said Ron de Vos, Owner of Always Electrical. He added that compliance work is where delays hurt most, since testing dates for RCDs and emergency lighting are set by regulation rather than convenience. “Nobody rings us about their exit lights until the audit is due. The businesses that book their testing on a cycle never have that panic.”

The pressure is unlikely to ease soon. The electrification of homes, vehicles, and industry is driving demand for electrical work faster than apprentices are completing training, with providers across the country reporting capacity limits. For Perth businesses, the practical response is planning: scheduling compliance testing in advance, bundling maintenance visits, and holding a relationship with a local contractor rather than searching from scratch each time a fault appears.

About Always Electrical

Always Electrical is a Perth electrical contracting company based at Unit 1, 56 Alex Wood Drive, Forrestdale WA 6112, providing commercial, industrial, and residential electrical construction and maintenance across the Perth metropolitan area since 1984.

###

For more information about Always Electrical, contact the company here:

Always Electrical
Always Electrical
08 9399 2071
admin@alwayselectrical.com.au
Unit 1, 56 Alex Wood Drive, Forrestdale WA 6112

– Published by The MIL Network

MIL OSI

COLOMBO, SRI LANKA- Media OutReach Newswire – 9 July 2026 – On July 4, 2026, the cultural exchange event Encounter & Insight: Dialogue Between Ningbo, China and Colombo, Sri Lanka took place in Colombo.

Separated by thousands of miles, the two millennia-old port cities reconnected, leveraging their ports as a bond and cultural exchanges as a cohesive force to hold in-depth talks on integrated port-city development and bilateral economic and trade connectivity.

This cross-Indian Ocean dialogue echoes the ancient Maritime Silk Road while charting a brand-new outbound development path. As a pivotal starting port of the ancient Maritime Silk Road, Ningbo is building a new global trade landscape powered by smart manufacturing.

A thousand years ago, merchant vessels from Mingzhou Port set sail southward loaded with Yue Kiln celadon porcelain, passing through Ceylon to deliver Oriental crafts across the Indian Ocean coasts. Precious gemstones and spices traveled the same sea route back to regions south of the Yangtze River, laying the groundwork for the earliest cultural exchange between the two ports through trade. Today, the cargo carried by giant cargo ships has undergone a dramatic transformation. Beyond traditional daily necessities, intelligent equipment, digital home appliances and industrial robots now dominate shipments.

Official statistics show that Ningbo’s exports of intelligent equipment, including mechanical arms and industrial robots, hit 440 million yuan in 2025, surging more than 40% year-on-year. From January to May this year, Ningbo’s exports of mechanical and electrical products maintained steady growth, reaching 247 billion yuan, a 4.1% year-on-year increase and accounting for 58.0% of the city’s total export volume. The new energy foreign trade sector saw explosive growth, with exports of new energy vehicles, lithium batteries, and photovoltaic products jumping 138.4% year-on-year, with electric vehicle exports skyrocketing 215.9%. Smart manufactured goods are continuously expanding the scope of Ningbo’s foreign trade.

Complementing the Colombo forum, an exhibition highlights Ningbo’s outstanding going-global enterprises and their products, vividly illustrating the profound shift in Ningbo’s trade structure.

Alongside time-honored Maritime Silk Road staples such as celadon porcelain and silk, Ningbo’s smart manufactured products—including AI translation glasses, intelligent outdoor gear and digital small home appliances—occupy prominent display spaces across the venue. In Sri Lanka, Ningbo smart water meters are widely adopted nationwide, while handheld cooling fans and intelligent kitchen appliances have entered ordinary households.

Leveraging Colombo Port’s transshipment advantages, massive volumes of Ningbo smart manufactured goods are distributed onward to Europe, the Middle East and beyond. What Ningbo exports today is no longer mere commodities, but a complete outbound solution integrating technology, brand value and after-sales services.

Faced with mounting challenges including homogeneous global market competition and rising trade barriers, Ningbo’s manufacturing sector has abandoned the old model of low-cost OEM production, relying on intelligent transformation to consolidate its competitive edge in overseas markets.

Over more than a decade of digital transformation efforts, Ningbo has achieved full digital upgrading of all industrial enterprises above designated size. A large number of local factories have built unmanned black-light workshops and flexible production lines, escaping vicious price competition through continuous technological iteration. Represented by five specialized, sophisticated, distinctive and innovative enterprises dubbed Ningbo’s “Five Little Tigers”—famous for their core proprietary technologies, including highly sophisticated visual inspection equipment, heat-resistant materials, sun-proof coatings, puncture-proof materials and self-drilling fasteners—these niche manufacturers have developed differentiated technical routes and full-spectrum production capacity, cementing irreplaceable competitiveness for Ningbo smart manufacturing on global markets.

Beyond trade expansion, Ningbo has built a supporting cultural communication system to ensure “products go global, accompanied by local culture”.

The launch of Sri Lanka’s first “One-Meter Cultural Space” cultural station during the Colombo event marks a tangible milestone of Ningbo’s go-global initiative. Built on enterprises’ overseas outlets, these miniature cultural exhibition halls integrate intangible cultural heritage crafts, urban stories and smart products, enabling overseas clients to experience cutting-edge manufacturing while gaining insight into Ningbo’s profound cultural heritage.

During the twin-city story-sharing session, Ningbo entrepreneurs based in Sri Lanka and local designers blending Chinese and Sri Lankan aesthetics shared stories of bilateral exchanges. Economic and trade ties have evolved into a bond for people-to-people communication, bridging divides in cross-cultural trade.

From Tang-dynasty celadon porcelain sailing across the Indian Ocean to intelligent equipment shipping to every corner of the globe, Ningbo, the ancient Maritime Silk Road port, has preserved its enduring gene of openness. Where exchanges once relied purely on commodity trade, today smart manufacturing underpins a stable, diversified and high-value-added global trade network.

The Ningbo-Colombo dialogue stands as a vivid microcosm of this transformation: the port still links lands and seas, yet the core of its trade has undergone a full intelligent upgrade.

Rooted in its historical legacy as a key Maritime Silk Road hub, Ningbo has consolidated its industrial foundation through a decade of digital development, expanded global market reach via worldwide port networks, and softened trade cooperation through cultural exchanges. This brand-new outbound shipping route forged by smart manufacturing has not only reshaped the city’s foreign trade landscape, but also delivered a replicable port-city development model for Chinese manufacturing to go global.

Hashtag: #NingboSmartManufacturing #MaritimeSilkRoad #GlobalTrade

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• Exclusive Co-Development: The partnership covers the exclusive supply and co-engineering of the IVECO URANIA and IVECO TUTELA ranges – the only fluids officially recommended by IVECO
• Network Support: PLI will strengthen support for IVECO’s European dealer network, driving customer value, reliability, and total cost-of-ownership (TCO) optimisation

TURIN, ITALY – Media OutReach Newswire – 9 July 2026 – IVECO, one of Europe’s leading commercial vehicle manufacturers, and PETRONAS Lubricants International (PLI) have officially renewed their long-standing strategic partnership for an additional five years. The agreement extends the partnership through 2032, reinforcing a collaboration that has driven innovation, performance, and sustainability in the commercial transport sector for more than 50 years.

The renewal ensures the continued supply and joint engineering of a comprehensive range of lubricants designed for commercial vehicles. From advanced engine oils to transmission fluids, brake fluids and coolants, PLI and IVECO will continue to formulate solutions specifically engineered to meet the demanding operational requirements of IVECO’s commercial vehicle portfolio across Europe.

A Legacy of Technical Excellence

This milestone reflects the sustained success of the co-branded IVECO URANIA engine oils and IVECO TUTELA technical fluids, developed through decades of joint R&D and a shared commitment to delivering high-performance, energy-efficient solutions that maximise vehicle uptime and extend component life. The ranges are also the only fluids recommended by IVECO.

The partnership’s rapid pace of innovation was recently highlighted by the launch of Urania Next 0W-16. This breakthrough –the first SAE 0W-16 engine oil developed specifically for heavy-duty applications – delivers exceptional fuel efficiency, reduced CO₂ emissions, and extended oil drain intervals. Furthermore, the formulation is Euro 7 ready, supporting improved efficiency and emissions performance for IVECO’s latest generation of engines.

Domenico Nucera, Chief Quality & Operations Officer, Iveco Group, commented, “The renewal of the agreement with PETRONAS Lubricants International confirms the strength of a long-standing collaboration built on shared technical expertise and a common ambition to continuously improve performance, efficiency, and sustainability across our vehicle and powertrain portfolio. Through the co-engineering of our IVECO URANIA and IVECO TUTELA ranges, we are able to deliver solutions that maximise vehicle uptime, optimise total cost of ownership, and support our customers and dealer network with the highest standards of quality and reliability.”

Driving Dealer and Customer Value

The renewed agreement also places a strategic focus on the IVECO dealer network. Beyond providing cutting-edge products, PLI will implement targeted initiatives aimed at strengthening dealer engagement and reinforcing customer awareness of IVECO’s officially approved lubricants. These initiatives are expected to support dealer business growth across European markets, while helping customers benefit from enhanced vehicle reliability and optimised total cost-of-ownership.

Domenico Ciaglia, Group Chief Strategy & Transformation Officer of PETRONAS Lubricants International (PLI), said: “This partnership renewal demonstrates what can be achieved through a long-term forward-thinking collaboration, with consistency, and a shared commitment to excellence. Through continuous product innovation, we have been able to co-develop market-leading solutions such as the Urania Next 0W-16 engine oil formulation, seamlessly integrated into IVECO’s ecosystem. This collaboration enables us to deliver greater value to the industry by combining our expertise and driving innovation together.

Looking ahead, PETRONAS Lubricants International remains fully committed to supporting the IVECO Group with forward integrated reliable, high-performance products and solutions that create lasting value for its network and customers.

This renewed collaboration further reinforces the foundation of PLI’s broader strategic roadmap, demonstrating how technical excellence and trusted partnerships can drive sustainable, long-term value internationally.”

Hashtag: #PETRONASLubricantsInternational #PLI #IVECO #industrial #lubricants #technology

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