Trusted by top-tier AAA studios and animators, Motorica delivers production-ready motion synthesis at 200x speed, with no compromise on quality or control
STOCKHOLM, SE / ACCESS Newswire / June 24, 2025 / Motorica, the global pioneer in Generative AI for character animation and motion synthesis, today announced the close of a €5 million seed funding round, led by Angular Ventures, with participation from Luminar Ventures. The funding will support Motorica’s rapid expansion, scaling of its proprietary AI platform and continued investment in R&D to shape the future of instant character animation.
Motorica’s technology is already being used in live production environments by world-leading AAA studios to deliver production-ready animation at unprecedented speed and scale. In early deployments, studios have reported up to a 99% reduction in animation time, achieving animation workflows that are 200x faster than the traditional motion capture to gameplay animation workflow – without sacrificing creative control, quality, or pipeline compatibility.
“Motorica is a breakthrough in game development and animation technology that will help to bring forth the next era of gaming, enabling digital Living Worlds that are populated by dynamic, lifelike characters that will make gameplay a truly immersive and interactive experience,” said Willem Demmers, CEO of Motorica. “But unlike other AI developments, we’re not here to upend the animation workflow. We’re here to liberate it. Traditionally, animators spend 70% of their time on technical grunt work and only 30% on actual creative performance. Motorica flips that. By automating the grind – things like tedious keyframing for basic locomotion – we let creators focus on what matters: storytelling, emotion, and innovation. That shift helps studios move faster, push quality higher, and ship with less friction.”
Maxi Keller, animator for titles including “The Last of Us: Part II” and “Call of Duty: WWll,” shared, “Motorica is the best tool out there for locomotion animation and Motion Matching. It delivers better, more consistent results than mocap as they give you exact control on acceleration and target speed, and more.“
Solving the Hardest Problem in Game and Virtual Production Pipelines
Character animation, especially for interactive media like games and virtual production, has traditionally required a significant amount of manual work, from in-studio MoCap shoots and reshoots to manual keyframing and repetitive cycles. Studios face a fundamental trade-off between speed and cost versus realism and scale. Motorica removes that trade-off.
Motorica’s platform is built to generate realistic, responsive, diverse animation at scale. The system integrates industry-standard tools and workflows, offering full compatibility with DCC software and game engines, including Unreal Engine, Maxon Cinema 4D, Maya, Unity and Blender. Advanced capabilities include support for motion matching, enabling lifelike animation for large numbers of characters in complex gameplay scenarios.
Motorica Highlights:
Massive acceleration in animation production. One studio estimated three years of animation can be completed in just four days.
More expressive and stylistically diverse characters, generated using smaller datasets.
Substantial cost savings on accelerated mocap sessions and post-processing.
Built on Breakthrough Research and Proprietary Datasets
Motorica’s core IP is built on years of academic innovation, beginning with the 2019 research breakthrough by top researchers Gustav Henter and Simon Alexanderson, who developed the world’s first deep generative model for motion synthesis – effectively pioneering generative AI for character animation. Founded in 2020 to prototype this research, Motorica officially broke stealth in 2023, when Gustav and Simon teamed up with serial founder Willem Demmers to bring the company to market – turning their pioneering prototype into a commercially viable product.
Motorica owns and operates a state-of-the-art motion capture studio in Stockholm and has built one of the largest and most refined proprietary motion datasets in the world, captured with professional actors to ensure biomechanical realism and cinematic performance. With this foundation, Motorica stands alone as the only generative AI provider currently delivering AAA-quality animation at scale and as the category leader in the emerging space of motion synthesis.
“We invested in Motorica because they’re not just reimagining animation – they’re building foundational technology that will power the next wave of digital experiences,” said David Peterson, Partner at Angular Ventures. “This platform has the potential to influence everything from how characters move in games and virtual worlds to how machines understand and replicate human motion in robotics, XR, and beyond. Their deep research roots, execution strength, and early adoption from industry leaders make Motorica a category-defining company.”
With seed funding secured, Motorica plans to accelerate its product roadmap and scale customer adoption across key verticals. Near-term initiatives include:
Expanding integrations via SDKs and APIs to make Motorica even more plug-and-play for game studios, cinematics and virtual production teams.
Growing the company’s data infrastructure and motion library, adding tools for controllable motion within fighting, sports, and stylized movement.
Launching strategic partnerships with game engines, simulation platforms, and large scale VFX studios.
Hiring across engineering, animation, data, and customer success.
Artist Commitment
Motorica’s team is committed to augmenting creativity, not automating it away. Rapidly emerging as the industry standard for high-quality motion synthesis, the platform is designed in close collaboration with professional animators, game developers, and technical directors to enhance artistic workflows and eliminate bottlenecks. Rather than replacing human creativity, Motorica’s tools eliminate chores – such as character locomotion and filler cycles – allowing creative teams to focus on performance, narrative, and style.
Motorica is a Stockholm-based AI company focused on generative animation for 3D character motion. Founded to address the growing demand for scalable, high-quality animation, Motorica develops technology that combines machine learning, motion capture, and compatible solutions for industry tools such as motion matching.
HOUSTON, TEXAS / ACCESS Newswire / June 24, 2025 / EON Resources, Inc. (NYSE American) (EONR or “the Company”) is an independent upstream energy company with oil and gas properties in the Permian Basin. Today the company announced it will hold a special conference call to update and educate investors regarding the recent acquisition of the South Justis Field in the Permian Basin in Lea County, NM by EON Energy, LLC, its wholly owned subsidiary. Among the topics to be discussed are production, producing zones, cash flow, plans for the remainder of the calendar year and future expansion.
South Justis is currently producing 108 barrels of oil per day (“BOPD”) from 19 actively producing wells, which adds $1.2 million in net cash flow annually with minimal impact to the EON’S G&A costs. The property includes 5,360 leasehold acres with a total of 208 wells – half are oil-producing, half are water injection wells.
Dante Caravaggio, President and CEO will chair the call; Mitchell B Trotter, CFO, and Jesse Allen, VP of Operations, will also speak with investors and answer questions.
To Listen to a live broadcast: To listen to a live broadcast, visit the website at least 15 minutes prior to the scheduled start to register to download and install any necessary software. An audio webcast of the conference call will be available within two hours of the call.
Information Deck: An information deck about the field will be posted to the EON website prior to the call.
Field Call Webpage: information, webcast, telephone access and replay (EON Events).
Webcast URL: (replay expires Friday, June 26, 2026)
In November 2023, the Company acquired LH Operating, LLC (“LHO”), including its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and three state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, NM.
Leasehold rights of LHO, now a wholly owned subsidiary of the Company, include the Seven Rivers, Queen, Grayburg and San Andres intervals – these intervals range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. (“Cobb”), confirms LHO has proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas. The mapped original-oil-in-place (“OOIP”) in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval, for a total OOIP of approximately 956,000,000 barrels of oil.
Our primary production is currently from the Seven Rivers Zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a slow decline rate.
About EON Resources, Inc.
EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON’s long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement and other exploitation efforts on its oil and natural gas properties.
EON’s Class A Common Stock trades on the NYSE American (NYSE American:EONR) and our public warrants trade on the NYSE American (NYSE American:EONR WS). For more information on EON, please visit the company’s website: https://eon-r.com/
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects,” “believes,” “anticipates,” “intends,” “estimates,” “seeks,” “may,” “might,” “plan,” “possible,” “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company’s management’s current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors – including the availability of funds, the results of financing efforts and the risks relating to our business – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Investor Relations
Michael J. Porter, President PORTER, LEVAY & ROSE, INC. mike@plrinvest.com
An industry first: Ambience Healthcare becomes the only ambient AI to deliver comprehensive patient context before encounters, extending beyond documentation to clinical workflow transformation
SAN FRANCISCO, CA / ACCESS Newswire / June 24, 2025 / Ambience Healthcare, the leader in compliant, specialty-specific, and coding-aware ambient AI technology, today announced the successful launch of Patient Recap at St. Luke’s Health System in Idaho. This groundbreaking feature makes Ambience the first and only AI documentation and coding platform to deliver comprehensive pre-visit chart summaries, fundamentally expanding the role of ambient AI from post-encounter documentation to complete clinical workflow optimization.
While other AI scribing solutions focus solely on documenting what happens during patient visits, through its pre-preparation capabilities, Ambience now uniquely positions clinicians for a patient visit before they even enter the exam room. This strategic advancement positions Ambience as the only ambient AI platform that supports the entire patient encounter lifecycle, from preparation through documentation and follow-up.
The new feature addresses one of healthcare’s most persistent challenges: inefficient chart review. An extensive EHR log study found that ambulatory doctors spend about 16 minutes per patient encounter using the electronic health record, with roughly one-third of that time (~5 minutes per visit) dedicated just to chart review tasks (e.g., reading records and results). If a primary care physician sees roughly 11-20 patients per day, that translates to 1-2 hours spent on chart review alone.
“Traditional AI scribes only address the documentation burden after patient encounters,” said Michael Ng, CEO and Co-Founder of Ambience Healthcare. “Patient Recap represents a paradigm shift, making it the first ambient AI platform to tackle the equally time-consuming challenge of pre-visit preparation. This end-to-end approach creates a comprehensive clinical workflow solution that no other AI scribing solution can match.”
Transforming Clinical Visit Preparation
The majority of pre-visit workflows require that clinicians complete an electronic scavenger hunt, searching through discharge summaries buried beneath specialist letters, medication changes hidden in portal messages, and labs scattered across dozens of encounters.
With Patient Recap, providers enter each visit with a comprehensive snapshot of everything that matters: hospital discharges, ER visits, specialty consults, and more. Each recap links directly to source notes, allowing physicians to drill down when needed. The tool proves especially valuable for physicians who frequently move between rooms and need to quickly catch up on a year’s worth of patient history while maintaining patient engagement.
“Preparing to see patients is a high-effort activity,” said Trevor Satterfield, MD, Associate Chief Medical Information Officer at St. Luke’s Health System. “I was spending significant preparation time gathering relevant clinical information before a patient visit. As a clinician, being able to walk into every visit knowing the patient’s background within seconds versus minutes, is incredibly valuable.”
Value of Patient Recap
Patient Recap automatically ingests data from the patient’s chart and Epic’s CareEverywhere, a platform that allows healthcare providers using Epic’s EMR system to securely share patient data across different healthcare organizations. Patient Recap then processes both structured and unstructured notes from all types of visits. The system runs nightly, analyzing 18 months of patient history and synthesizing each encounter into 2-3 essential bullets that prioritize the most critical details.
Key Benefits:
Saves valuable time: Eliminates manual chart review by automatically surfacing relevant information from across providers and care settings
Enhances clinical preparedness: Provides comprehensive patient context before visits, enabling clinicians to enter exam rooms with confidence and build stronger patient rapport
Improves care quality: Ensures critical information isn’t missed by synthesizing data from multiple EHR locations into one accessible summary
Beyond Summary: The Road to a Proactive Intelligence
Ambience’s vision is to make Patient Recap the clinician’s first stop for any patient, in any care setting. It brings together all relevant data – labs, imaging, pharmacy fills, patient inbox messages, and out-of-network records – into a single, distilled view, eliminating the need for clinicians to hunt across systems. Designed to support all specialties and care settings, Patient Recap is expanding beyond outpatient settings to include inpatient and emergency department settings. What began as a summary tool is evolving into a proactive clinical decision support tool, surfacing wellness gaps, highlighting HCC codes requiring more substantiation, and flagging revenue-cycle or guideline-based opportunities before they’re missed. With Patient Recap, clinicians can enter every encounter prepared, confident, and efficient.
Unlike standalone point solutions, Patient Recap is built within the specialty-specific philosophy of Ambience’s ambient AI platform, connecting pre-visit preparation, real-time documentation, and coding workflows into one seamless system. This integration is critical: without connection to ambient scribing and coding capabilities, pre-visit summaries alone provide limited value. Each specialty requires tailored summarization approaches, and in high-stakes clinical environments where safety and performance are paramount, Ambience has demonstrated measurable improvements in both efficiency and accuracy metrics.
As an Idaho-based, not-for-profit, community-owned and community-led health system, St. Luke’s is dedicated to its mission to improve the health of people in the communities it serves. From its founding in 1902 to today, St. Luke’s has long been a leader in quality care and a vital partner in addressing community health needs.
About Ambience Healthcare
Ambience Healthcare’s mission is to supercharge healthcare providers with breakthrough generative AI technology. Ambience’s AI platform eliminates administrative burden for clinicians and delivers point-of-care coding backed by compliant documentation across 100+ specialties, helping clinicians focus on patient care while improving documentation quality, ensuring accurate reimbursement, and reducing compliance risk for health systems. Founded in 2020 by Mike Ng and Nikhil Buduma, Ambience is headquartered in San Francisco, California, and backed by Andreessen Horowitz, OpenAI Startup Fund, Human Capital, Kleiner Perkins, Martin Ventures, AIX Ventures, AirTree Ventures, John Doerr, Jeff Dean, Richard Socher, Pieter Abbeel, Anne Wojcicki, Eren Bali, Jay Desai, Nish Bhat, Matt Mochary, and others. To learn more, visit ambiencehealthcare.com
Trusted by 150 leading brands globally, the agentic AI-powered platform converts third-party retail transactions into direct, data-driven connections.
NEW YORK, NY / ACCESS Newswire / June 24, 2025 / Brij, the agentic AI-powered platform helping consumer brands redefine omnichannel enablement by unlocking and monetizing offline customer relationships, today announced the closing of an $8 million oversubscribed funding round. Led by Bright Pixel Capital and CEAS Investments, the funding round also saw participation from Artemis Fund, Red Bike Capital, Lakehouse Ventures, Forum Ventures, and SuperAngel.Fund, alongside strategic angels from notable consumer brands such as Caraway, Brunt Workwear, and Feastables. This diverse support underscores the market’s confidence in Brij’s unique approach to enhancing customer engagement as shown by the trust placed by leading brands including Heineken, Sapporo, Feastables, Quip, Black Diamond, Black & Decker, Once Upon a Farm, Gozney, Momofuku, and ARMRA.
Brij solves a critical challenge for consumer brands selling through third-party retail channels: the inability to maintain direct relationships with their consumers. Unlike existing point solutions or brand-built tools, Brij’s agentic AI-first platform empowers brands to seamlessly collect and optimize first-party data across a range of use cases, quantify the incremental revenue driven, and deliver personalized interactions across every channel. With its intuitive, no-code design, Brij enables brands to go live globally in just days, seamlessly integrating with their existing tech stack.
The founders, Kait Stephens-a former retail investor and recognized thought leader with deep industry expertise-and Zack Morrison, a seasoned technical leader in complex product development, teamed up after meeting at Harvard Business School.
“When brands sell through retail, they lose the relationship with their end customer-it’s a trillion-dollar disconnect,” said Kait Stephens, CEO and Co-Founder of Brij. “Consumers shop omnichannel, but customer data ownership is historically siloed by channel. We enable brands to reach consumers wherever they shop with a unified experience and quantify the value of their offline customers, driving millions in new revenue for brands. Brands with more data are better for consumers, brands, and retailers.”
The importance of owning customer relationships has become even more pronounced in the wake of shifting privacy regulations, rising cost of acquisition, and changing consumer expectations. Brij provides a robust, scalable solution that helps brands manage these global and cross-channel complexities, ensuring that they are equipped to succeed, with intelligent, autonomous data activation and relationship-building capabilities
“Brij is redefining how consumer brands and customers interact in offline channels, enabling them to own the customer relationship and capture zero- and first-party data across offline channels” said Francisco Nunes, Principal at Bright Pixel Capital. “We’re excited to support Brij as they continue to scale and lead the way on what’s possible in omnichannel enablement.”
Brij is already making a significant impact, powering data capture and activation globally for over 150 leading brands. Brands use tools like warranty registration, sweepstakes, education, and rebates to drive data collection. As brands gain better access to data, they can enhance their relationships with consumers and drive more revenue, ultimately benefiting everyone in the retail ecosystem. Brij is seeing as high as $150 revenue per profile collected and converting 10x higher than existing solutions, which is driving millions of dollars of revenue for brands.
“One of our biggest challenges at Skullcandy was not knowing who our retail and marketplace customers were,” said Evin Catlett, Global VP, Digital Commerce & Growth, Skullcandy. “Brij changed that, transforming our retail footprint into a powerful channel for direct relationships and ecommerce growth globally.”
With this new funding, Brij will accelerate product development, including investments in agentic AI capabilities, expand its go-to-market efforts, and deepen strategic partnerships across the retail and ecommerce ecosystem.
To learn more about Brij and how it enables omnichannel customer engagement across channels, visit www.brij.ai.
About Brij:
Brij is the leading agentic AI-first platform redefining omnichannel enablement by helping consumer brands collect and activate first-party data from offline interactions. By capturing valuable first-party data from offline customers, Brij helps brands understand consumer behaviors and preferences, allowing for more effective marketing strategies, improved customer relationships, and more revenue. With a focus on delivering actionable insights, Brij empowers over 150 leading brands to enhance customer engagement and drive revenue growth in an increasingly competitive retail landscape. For more information, visit www.brij.ai.
About Bright Pixel Capital
Bright Pixel Capital is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO. For more information, visit brpx.com.
Completes first two drill holes of its 2025 Angilak Exploration Program comprising ~10,000m of diamond drilling.
KU Discovery Target:
The maiden drill hole, KU-DD-001 successfully targeted stacked gravity and structural anomalies (Figure 2), intersecting shallow high-grade uranium mineralization as well as numerous zones of lower-grade mineralization throughout the hole. The hole intersected total composite mineralization of 7.1 m, including a continuous shallow zone (between 84.95 m and 87.45 m) of 0.7 m of high-grade mineralization that had max radioactivity up to 18,490 CPS (Figures 3 & 4).
The initial drilling at the KU Discovery Target confirms the Company’s thesis that the 31 km long RIB-Nine Iron corridor is prospective for hosting uranium mineralization within the Angikuni Basin.
The KU Discovery target is located within the Angikuni Basin, approximately 3 km from the northern margin, where historical trench sampling returned grades up to 30.7% U 3 O 8 .
In May 2025, ATHA completed a ground gravity and electromagnetic (EM) survey, designed to vector in on priority targets along the highly prospective 31 km Rib-Nine Iron Trend, under cover of the Angikuni Basin – a direct analog to the Athabasca Basin.
At KU, the survey identified a large – 2 km long by 500 m wide geophysical gravity anomaly. Additionally, a geological structural study was completed in May by SRK Consulting, highlighting numerous interpreted NW-SE faults and cross cutting E-W faults. The gravity survey demonstrates the identified anomalies are coincident with the modeled faults, and the historical high-grade surficial mineralization.
Lac 50 Deposit:
The first hole targeted the J4/Ray zones located along the Lac 50 Trend (Figure 2). The hole successfully extended mineralization down-dip by ~100 m, demonstrating that the Lac 50 Deposit remains open and unconstrained, both along strike and at depth.
J4R-DD-0091 intersected 3.8 m of composite mineralization including 0.4 m of >10,000 CPS up to a max of 14,826 CPS (Figure 5).
The 2025 Angilak Exploration Program will continue to target expansion of the mineralized envelop at the Lac 50 Deposit while also testing regional targets along the RIB-Nine Iron Corridor.
Troy Boisjoli, CEO commented: “ The results from our first two diamond drill holes completed as part of the 2025 Angilak Exploration Program highlight two things. First, the robust metal endowment at the Angilak Uranium Project, and second, the successful systematic exploration approach of our world class technical team. The discovery of a new zone of mineralization on a maiden drill hole in a new area and the continued expansion at the Lac 50 Deposit is truly remarkable. Both confirm the Company’s exploration thesis, substantially derisking the numerous prospective regional targets, providing a roadmap for executing on successful discoveries. All this at a time when the macro thesis for uranium as the fuel for the New Nuclear Renaissance is top of mind for the world. ATHA Energy and our Angilak Project is well positioned to be a critical player in this cycle.”
Cliff Revering, VP Exploration added: “ Since acquiring the Angilak Project in April 2024, we have focused on developing our understanding of the regional geology, structural architecture and mineralization controls within the Lac 50 Deposit area and Angikuni Basin. As a result, our first hole in the KU target area not only intersected a significant mineralized structural corridor, but also a large graphitic fault breccia zone displaying substantial vertical displacement of the basin unconformity – geological conditions which are extremely favorable for deposition of unconformity-related uranium mineralization. Our thesis of the Angikuni Basin being an emerging uranium district and highly prospective for discovery of additional uranium deposits continues to unfold. “
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / June 24, 2025 / ATHA Energy Corp. (TSX.V:SASK)(FRA:X5U)(OTCQB:SASKF) (“ATHA” or the “Company“), is pleased to announce results for the first two diamond drill holes completed as part its 2025 Angilak diamond drill exploration program at its 100%-owned Angilak Uranium Project, Nunavut.
The maiden drill hole at the KU Discovery Target intersected five zones of uranium mineralization, including a shallow high-grade lense. The results demonstrate the Company’s thesis that the Angikuni Basin is a direct analog to the Athabasca Basin, and that the 31 km RIB-Nine Iron Trend remains prospective for additional discoveries. At the Lac 50 Deposit, the first hole drilled at the J4/Ray Zone along the Lac 50 Trend intersected four zones of uranium mineralization, expanding the down-dip extents of the envelop of mineralization. J4R-DD-091 demonstrates that the Lac 50 Deposit remains open and unconstrained.
Figure 1: Angilak Project Area – 2025 Exploration Target Area (Black Rectangles) & Mapped Historic
*Notes:
I Previous operators of the Angilak Project completed 24 diamond drill holes in the Dipole Showing and intersected grades of up to 5.53% U3O8 over 0.5 m3
II Along the western margin, historic drilling at the RIB Discovery intersected shallow (3O81, hosted within graphitic pelitic rocks with Athabasca style alteration25>
III Mushroom Lake surface outcrop spans an area of 3 km on surface with historical outcrops samples grading up to 47.8% U3O84 & 6
IV Nine-Iron showing with 5 historical diamond drill holes. Intersections of shallow uranium mineralization, grades up to 1.25% U3O8 and historical outcrops with grades up to 30.3% U3O83
Figure 2: Angilak Project Area – 2025 Drill Collar Locations
Table 1: 2025 Angilak Exploration Program Drill Collar Information
Disclaimer for Historical Drilling and Outcrop Samples
Certain noted technical information provided herein has been derived exclusively and without independent verification from the following reports. Such information is historical in nature and is not considered by the Company to be current. In each case, the reliability of the historical information is considered reasonable by the Company. The historical information provides an indication of the exploration potential of the properties but may not be representative of expected results. Readers should read the entirety of such noted reports to fully understand the nature of the information referenced herein. Samples, including, without limitation, outcrop samples, by their nature, are selective in nature and significant variations may be seen from sample to sample. Accordingly, sample information may not be representative of the true underlying mineralization.
References for Historic Diamond Drilling Results
1. Papish, N.Z. 1978. 1978 Diamond Drill Report, Keewatin District N.W.T. Yathkyed Lake Area. Noranda Exploration company Assessment Report. March 6, 1979. A copy of such report is available on the website of the Government of Nunavut at https://nunavutgeoscience.ca/en/.
2. Dufresne, M.B., Sim, R. and Davis B., (2013). Technical report And Resource Update for the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of Kivalliq Energy Corporation, March 1st, 2013. A copy of such report is available on the SEDAR+ profile of Kivalliq Energy Corporation at www.sedarplus.com.
3. Dufresne, M.B. and Schoeman, P. (2023). Technical report on the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of ATHA Energy Corp. and Labrador Uranium Inc., January 31st, 2024. A copy of such report is available on the SEDAR+ profile of the Company at www.sedarplus.com.
References for Historic Surficial Sampling
4. Ward, j., Maynes, A., McNie, E., Forbes, A. and Stacey, J. 2012. Report on 2010 and 2011 Exploration Activity on Kivalliq Corporation’s Angilak IOCG-Uranium Property, Keewatin District, Nunavut. Kivalliq Energy Corporation Assessment Report. A copy of such report is available on the website of the Government of Nunavut at https://nunavutgeoscience.ca/en/.
5. Dufresne, M.B., Sim, R. and Davis B., (2013). Technical report And Resource Update for the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of Kivalliq Energy Corporation, March 1st, 2013. Copy of such report is available on the SEDAR+ profile of Kivalliq Energy Corporation at www.sedarplus.com
6. Dufresne, M.B. and Schoeman, P. (2023). Technical report on the Angilak Project, Kivalliq Region, Nunavut. Technical Report prepared on behalf of ATHA Energy Corp. and Labrador Uranium Inc., January 31, 2024. A copy of such report is available on the SEDAR+ profile of the Company at www.sedarplus.com.
Qualified Person
The scientific and technical information contained in this news release have been reviewed and approved by Cliff Revering, P.Eng., Vice President, Exploration of ATHA, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About ATHA
ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Project located in Nunavut, and CMB Discoveries in Labrador, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin). In addition, the Company holds the largest cumulative prospective exploration land package (>7 million acres) in two of the world’s most prominent basins for uranium discoveries – ATHA is well positioned to drive value. ATHA also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. For more information visit www.athaenergy.com.
On Behalf of the Board of Directors
Troy Boisjoli, CEO, ATHA Energy Corp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These forward-looking statements or information may relate to ATHA’s proposed exploration program, including statements with respect to the expected benefits of ATHA’s proposed exploration program, any results that may be derived from ATHA’s proposed exploration program, the timing, scope, nature, breadth and other information related to ATHA’s proposed exploration program, any results that may be derived from the diversification of ATHA’s portfolio, the prospects of ATHA’s projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA’s business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA’s projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.
Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of ATHA’s proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA’s exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA’s proposed exploration program, that ATHA will be able to execute on its current plans, that ATHA’s proposed explorations will yield results as expected, and that general business and economic conditions will not change in a material adverse manner. Although ATHA has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Such statements represent the current view of ATHA with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; in ability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA’s portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; changes to ATHA’s current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of ATHA; and the ability to advance the Company projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Australia and other jurisdictions where ATHA conducts business. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available on ATHA’s profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
TORONTO, ON / ACCESS Newswire / June 24, 2025 / Eskay Mining Corp. (“Eskay” or the “Company”) (TSXV:ESK)(OTC PINK:ESKYF)(Frankfurt:KN7)(WKN:A0YDPM) wishes to announce that an aggregate of 5,200,000 options to purchase common shares of Eskay at $0.385 per share for five years have been granted to five directors and three consultants of Eskay. The grant is subject to acceptance by the TSX Venture Exchange.
About Eskay Mining Corp: Eskay Mining Corp (TSXV:ESK) is a TSX Venture Exchange listed company, headquartered in Toronto, Ontario. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the “Golden Triangle,” 70km northwest of Stewart, BC. The Company currently holds mineral tenures in this area comprised of 177 claims (52,600 hectares).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
INDIANAPOLIS, IN AND GURUGRAM, INDIA / ACCESS Newswire / June 24, 2025 / Arrive AI (NASDAQ:ARAI) – a pioneering autonomous delivery network anchored by Arrive Points™ – today announced a new global customer: Skye Air Mobility , India’s dominant and rapidly expanding hyperlocal delivery platform. This expected partnership marks a pivotal moment, scaling secure, automated delivery solutions across one of the world’s most dynamic markets.
Skye Air currently offers 7-minute drone delivery to customers in Gurugram, part of NCR (National Capital Region) of Delhi and Bengaluru (Karnataka), making about 6,000 deliveries per day. The partnership entails co-developing mailboxes and installing across the country. Arrive AI shall begin from the initial 60 units being placed in Gurugram followed by other cities as per Skye Air’s expansion plan. Both companies expect to have 500 Arrive Points across Skye Air’s service areas in the future, serving a New Delhi population exceeding 33 million.
“The population density and scalability opportunity – along with huge demand for drone delivery from Indian consumers and governmental policies that encourage drone delivery – creates an unparalleled chance for us to showcase the transformative power of Arrive AI,” said Arrive AI Founder and CEO Dan O’Toole. “This isn’t just about delivery; it’s about establishing a universally trusted custody layer for autonomous logistics and allows us to grow rapidly in a one-billion-plus population country that is already moving fast on autonomy.”
Arrive AI’s industry-first patents underscore its evolution from a “smart mailbox” to a comprehensive autonomous delivery network and platform company. Arrive Points are secure, app-accessible mini cross docks, and offer a significantly elevated level of security compared to current delivery points, establishing a crucial trusted custody layer for real-world networks and asynchronous access.
Ankit Kumar, Skye Air, Founder & CEO, highlighted the synergy by saying, “Skye Air is on the forefront of drone delivery technology having built to deliver at scale. The company is already delivering about 200,000 packages on a monthly basis, just in one city. We believe Infrastructure is the most critical piece to scale drone delivery across the country, this is the reason we keep on investing in developing infrastructure. With access of 60-plus residential and commercial complexes in Gurugram, we are poised to shape the future of autonomous deliveries in India.”
“Our partnership with Arrive AI couldn’t have come at a time better than this, when we are scaling up operations and expanding to newer cities such as Bengaluru,” he continued. “Together with Arrive AI’s state-of-the-art product, we are certain to dominate the infrastructure access points. It will make the entire process so much better. We can’t wait to get these units in the field.”
Kiran Paul, who focuses on international business development for Arrive AI, was instrumental in setting up the strategic partnership.
“We anticipate that once we are operating in India and demonstrating the advantages Arrive Points offer, other countries looking to a future of increasing demand for quick, secure, drone-based ecommerce solutions will see the advantage of building Arrive Points into their smart city infrastructure plans, ” Paul said.
Arrive AI expects Arrive Points to be delivered to Skye Air within calendar year 2025.
Beyond technological alignment, both companies share a profound commitment to sustainable delivery. Each drone delivery via Skye Air reduces carbon emissions by 520 grams compared to traditional methods, translating to over 2.6 metric tons of carbon dioxide saved monthly. This partnership not only enhances drone capabilities for Skye Air’s current fleet of more than 30 drones but also lays crucial groundwork for seamless future integration with ground robotic deliveries.
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About Arrive AI: Arrive AI’s patented last mile platform enables autonomous and human mail delivery to and from a physical hub, while providing tracking data, smart logistics alerts and advanced chain-of-custody controls to secure the last-mile delivery for all shippers, delivery services and autonomous delivery networks. Arrive AI makes the exchange of goods between people, robots, and drones frictionless, efficient, and convenient through artificial intelligence, autonomous technology, and interoperability with smart devices including doorbells, lighting and security systems. Learn more details about company patents here. See videos of the smart mailbox in action here.
About Skye Air: Skye Air is India’s fastest hyperlocal drone delivery network, pioneering last-mile logistics with its proprietary Drone and Skye UTM platform. With a focus on healthcare, e-commerce, quick commerce, and agri-commodity deliveries, Skye Air is at the forefront of sustainable, technology-driven logistics solutions. Driven by a mission deeply rooted in service to the nation, Skye Air pioneers’ drone-based last-mile delivery solutions that not only propel the logistics industry forward but also foster economic prosperity and accessibility nationwide. Positioned as a cornerstone of India’s evolving delivery ecosystem, Skye Air’s initiatives unlock opportunities and transform lives for millions of Indians. For more information, visit www.skyeair.tech
This news release and statements of Arrive AI’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would”, “optimistic” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI’s Registration Statement for more complete information, including the risk factors that may affect future results, which are available for review at www.sec.gov . Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
CARY, NC / ACCESS Newswire / June 24, 2025 / Yunu, the creator and leader in cloud-native imaging workflows for clinical trials, proudly announces Patrick McNamara as its new Chief Commercial Officer. With over two decades of experience in clinical research and business development, McNamara has played a pivotal role in Yunu’s rapid expansion across the pharmaceutical, biotech, and contract research organization (CRO) sectors.
McNamara’s appointment reinforces Yunu’s commitment to advancing transformative clinical trial imaging solutions at scale. His deep industry knowledge is built upon years of hands-on leadership as the prior VP of Business Development for the clinical endpoint division of a major CRO as well as key oversight of commercial and operational teams. His extensive experience and strategic vision accelerate Yunu’s ability to deeply engage with sponsors and CROs in Yunu’s industry-wide effort to transform trialimaging workflows, accelerate new therapies, and improve data quality.
“We are thrilled to appoint Patrick McNamara as our Chief Commercial Officer,” said Jeff Sorenson, CEO & Co-founder of Yunu. “Patrick’s unique perspective allows Yunu to orient our teams around the specific needs and processes of pharma while also fine-tuning our go-to-market as we continue to deliver game-changing trial acceleration and transparency.”
Yunu recently unveiled a groundbreaking software release that empowers pharma sponsors to rapidly configure new studies, connect to readers, and ensure real time access to their imaging data within their primary data systems. This advancement underscores Yunu’s role as an innovator and leader in harmonizing multi-site trials, reducing complexity, and accelerating trial imaging timelines.
Yunu is also managing all imaging endpoints delivered to sponsors at more than 25% of NCI-designated Comprehensive Cancer Centers. The platform’s impact will be discussed during a special session with City of Hope leadership in addition to showcasing these latest advancements during the 17th Annual AACI CRI Meeting in Chicago from Monday, June 23rd, to Wednesday, June 25th.
ABOUT YUNU Yunu enables life sciences organizations to streamline imaging workflows, improve accuracy, and accelerate timelines. Yunu’s platform supports clinical trials across various therapeutic areas, offering scalability and flexibility for organizations of all sizes. For more information, visit yunu.io and follow us on LinkedIn or X @Yunu_Inc.
ST. LOUIS, MO / ACCESS Newswire / June 23, 2025 / Kennedy Capital Management LLC (KCM), a specialist in micro, small, and mid-cap investment management services, is proud to announce that its small cap value fund (KVALX) has received an initial 4-Star1 overall Morningstar Rating™. This total return achievement is measured against 477 funds in Morningstar’s Small Cap Value Category as of May 31, 2025, and is calculated based on Morningstar Risk-Adjusted Returns. This recognition underscore Kennedy’s commitment to delivering strong, risk-adjusted returns over time.
The 4-star rating for KVALX is particularly significant given the long-standing success of its underlying investment strategy, which has been a cornerstone of our firm since 1983. The fund benefits from the adept management of Frank Latuda, Jr., CFA®, who has guided the strategy for over two decades, and McAfee Burke, CFA®, who has brought valuable perspective and experience to the portfolio management team in recent years. While the strategy was made available in a mutual fund format in 2022, this Morningstar rating validates its enduring strength and success across both the institutional and retail worlds. Furthermore, as per the NADSAQ2 eVestment™ database, the Small Cap Value strategy ranks in the top quartile for the 1, 3, 5, and 10-year periods ending March 31, 2025, highlighting its consistent outperformance over time.
KVALX benefits from the experience of a dedicated centralized team of research analysts. This cohesive team employs a fundamental, bottom-up investment approach, meticulously investigating individual companies within their investable universe. Under the guidance of Mr. Latuda and Mr. Burke, the fund seeks to identify companies across the value spectrum with favorable cash flow values relative to their current market capitalization, aiming for a portfolio with valuations below and growth characteristics at or above those of the benchmark.
“We established KVALX with investor demand in mind. The underlying strategy, professionally managed by Frank and McAfee, has long been available to institutional investors but has now been opened up to others,” says Don Cobin, CFA®, CEO of KCM. “Achieving a 4-star1 rating for our small cap value fund is a testament to the skill and dedication of our investment team and the consistent application of our disciplined research process. We are proud to offer investors a range of compelling options within the equity space.”
About Kennedy Capital Management LLC
Founded in 1980, St. Louis-based Kennedy Capital Management LLC delivers investment strategies to corporate and public pension funds, endowments, foundations, multi-employer plans, and high-net-worth individuals. As of March 31st, 2025, KCM managed $4.5 billion in assets. The privately held registered investment adviser specializes in the management of small and mid-cap strategies across the growth-value spectrum. KCM integrates environmental, social, and governance (ESG) considerations into its research process and has nearly 20 years’ experience managing socially responsible client accounts. For more information, visit www.kennedycapital.com or email funds@kennedycapital.com.
1Past performance is no guarantee of future results. Rating reflects fee waivers in effect; in their absence, the rating may have been lower.
Investors should consider the Funds’ investment objectives, risks, charges, and expenses carefully before investing. This and other important information is contained in the Funds’ full prospectuses and summary prospectuses, which can be obtained by visiting www.kennedycapital.com or by calling (833) 737-7788. Please read carefully before investing.
Important Risk Information: Equity securities (stocks) are generally more volatile and carry more risk than fixed income securities (bonds) and money market investments. The net asset value per share of the Small Cap Value fund (the Fund) will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater returns over long time periods than fixed income securities. The Fund is comprised primarily of equity securities and is subject to market risk. Stocks may decline due to general market and economic conditions or due to company specific circumstances. The Fund is comprised of small capitalization (“small cap”) stocks. Small cap stocks typically carry additional risk, since smaller companies generally have a higher risk of failure, and historically have experienced a greater degree of volatility. Small capitalization companies generally have a greater risk of failure, and their stocks generally have greater volatility than large companies. Mutual fund investing involves risk, including loss of principal.
Risks specific to KVALX: Value investing is subject to the risk that the market will not recognize a security’s inherent value for a long time or at all.
Index definitions and technical terms:
The Russell 2000® Value Index is used as the benchmark for the Kennedy Capital Small Cap Value Fund and strategy. The Russell 2000® Value Index measures the performance of small-cap value segment of the U.S. equity universe. It includes those Russell 2000 companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 year). The Russell 2000® Value Index is constructed to provide a comprehensive and unbiased barometer for the small-cap value segment. The Index is completely reconstituted annually to ensure new and growing equites are included and that the represented companies continue to reflect value characteristics. You cannot invest directly into an index.
The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- 3 year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. As of 5/31/25, KVALX was rated against 477 Small Value funds for the 3-year period. KVALX received 4 stars for this period. The Small Value category includes funds that typically invest in small US companies with valuations and growth rates below other small-cap peers. Stocks in the bottom 10% of the capitalization of the US equity market are defined as small cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).
2eVestment and its affiliated entities (collectively, “eVestment”) collect information directly from investment management firms and other sources believed to be reliable; however, eVestment does not guarantee or warrant the accuracy, timeliness, or completeness of the information provided and is not responsible for any errors or omissions. Performance results may be provided with additional disclosures available on eVestment’s systems and other important considerations such as fees that may be applicable.
Kennedy Capital Management LLC is an investment adviser registered with the U.S. Securities and Exchange Commission and the adviser to the Funds.
The Funds are distributed by IMST Distributors, LLC.
Safe Harbor Statement
This press release is not intended as a recommendation or as investment advice of any kind, shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. All content has been provided for informational or educational purposes only.
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are “forward-looking statements.” Although Kennedy Capital Management LLC believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, Kennedy Capital Management, Inc. does not assume a duty to update this forward-looking statement. 2025060024
Designed to combine sustainability, flexibility, and seamless user experience.
DUBAI, UNITED ARAB EMIRATES / ACCESS Newswire / June 23, 2025 / In a landmark partnership set to reshape the region’s telecom landscape, Basatne MENA, the regional arm of global circular economy leader Basatne, has partnered with Likewize, the global leader in device lifecycle services, to launch ‘Upgrade & Protect’, the Middle East’s first subscription-based smartphone program designed to combine sustainability, flexibility, and seamless user experience.
With smartphone users in the GCC replacing devices every 12-18 months and over 50 million active handsets in circulation, ‘Upgrade & Protect’ transforms traditional instalment plans into a dynamic monthly subscription that empowers consumers to swap, upgrade, or protect their devices anytime. For telcos, the model unlocks new recurring revenue streams while aligning with growing ESG mandates.
This innovation arrives at a pivotal time, with UAE and GCC markets moving rapidly toward Net Zero and green digital transformation. The program aligns closely with the UAE’s Net Zero by 2050 Strategy and the GSMA’s Circular Economy for Mobile Devices initiative, supporting a shift away from linear consumption toward a more regenerative, technology-enabled future.
An Integrated Ecosystem Powering Circular Innovation ‘Upgrade & Protect’ is enabled by Basatne’s regional infrastructure, combining the power of Cartlow’s re-commerce and trade-in platform with Ardroid’s AI-powered reverse logistics engine. Together, they provide telcos with a complete circular framework, from seamless device collection and grading to resale, refurbishment, and responsible recycling.
Likewize brings its global expertise to ensure scalability and telco readiness. Its risk-free operational model gives mobile operators access to a full turnkey solution with measurable economic returns and environmental impact.
The Market Opportunity
The GCC is primed for the shift to device-as-a-service models:
Smartphone penetration exceeds 90% across GCC markets.
Handset replacement cycles average 12-18 months, creating strong upgrade demand.
The global device subscription market is projected to exceed USD 25 billion by 2027.
By 2026, 5G adoption is expected to cover 73% of GCC mobile subscriptions.
The regional smartphone market is forecasted to grow from 60 million units in 2024 to nearly 99 million by 2033.
“Our partnership with Likewize marks a pivotal evolution in device ownership across the Middle East,” said Mahmoud Abusway, Chief Commercial Officer of Basatne MENA. “By embedding circular economy principles into the telco model, ‘Upgrade & Protect’ delivers a flexible, sustainable solution that reduces waste, maximises asset value, and transforms the device lifecycle for both consumers and operators.”
With this program, Basatne MENA and Likewize are setting a new benchmark for telecom innovation in the region, one that blends sustainability, digitisation, and consumer empowerment. ‘Upgrade & Protect’ is not just a service; it represents a shift in how the region thinks about technology ownership and circular value creation.
About Basatne
Basatne is a global leader in circular technology, sustainable trade solutions, and reverse logistics, dedicated to reshaping the future of commerce. Through proprietary platforms, advanced logistics, and strategic partnerships, Basatne extends product lifecycles, reduces environmental impact, and optimizes global supply chains. Operating across six continents, Basatne is committed to delivering smarter, more responsible trade solutions while driving innovation in the circular economy. For more information, visit www.basatne.com.
