Category: Accesswire

  • Mass Timber Construction: How Canada Is Building the Future, One Forest at a Time

    Mass Timber Construction: How Canada Is Building the Future, One Forest at a Time

    TORONTO, ON / ACCESS Newswire / March 13, 2026 / Canada is experiencing a quiet revolution in the way it builds. From the soaring wooden towers rising above Vancouver’s skyline to the pioneering mixed-use developments reshaping downtowns across Ontario and Quebec, mass timber construction has emerged as one of the most exciting and consequential shifts in Canadian real estate development in a generation. For developers and investors paying attention, the opportunity is significant – and the moment to act is now.

    Mass timber refers to a category of engineered wood products – including cross-laminated timber (CLT), glued-laminated timber (glulam), and nail-laminated timber (NLT) – that are manufactured to handle the structural demands of large-scale residential and commercial buildings. Unlike traditional stick-frame construction, mass timber can support mid-rise and high-rise structures, opening the door to wood-based construction in building typologies long dominated by concrete and steel.

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    Fig. 1 – Mass timber high-rise development in downtown Toronto

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    “Mass timber isn’t just a building material – it’s a philosophy about how we develop responsibly,” says Ladan Hosseinzadeh Sadeghi, President & CEO of Sky Property Group Inc. “Canada has a world-class forestry sector, a rigorous regulatory environment, and a genuine commitment to sustainability. Mass timber is the natural convergence of all three, and the development community needs to lean into it.”

    Canada at the Forefront

    Canada is not merely a participant in the mass timber movement – it is one of its architects. The country’s vast boreal and coastal forests provide an abundant and, when managed properly, renewable source of raw material. British Columbia has been the epicentre of innovation, home to landmark projects like the Brock Commons Tallwood House at the University of British Columbia – an 18-storey mass timber residence that, when completed in 2017, was among the tallest wood buildings in the world.

    Since then, the National Building Code of Canada has progressively updated its provisions to allow taller mass timber structures. The 2020 edition expanded the permitted height of encapsulated mass timber construction to twelve storeys, with ongoing regulatory conversations pointing toward even greater heights in future code cycles. Provincial building codes across Ontario, Quebec, Alberta, and British Columbia have largely aligned to reflect these changes, creating a more consistent national framework for developers.

    For Ladan Hosseinzadeh Sadeghi and the team at Sky Property Group, the regulatory trajectory matters as much as the material itself. “Developers operate on long time horizons,” she explains. “When you see the National Building Code moving consistently in one direction – toward greater flexibility for mass timber – that tells you where the industry is heading. Smart capital positions ahead of that curve.”

    The Sustainability Case Is Ironclad

    The environmental argument for mass timber is compelling and, increasingly, quantifiable. Concrete production is responsible for approximately 8% of global CO2 emissions, while steel manufacturing is similarly carbon-intensive. Mass timber, by contrast, sequesters carbon – trees absorb CO2 as they grow, and that carbon remains locked within the wood structure of a building for its entire lifecycle.

    Research from the University of British Columbia and other Canadian institutions has consistently found that mass timber buildings generate substantially lower embodied carbon than equivalent concrete or steel structures – often 40% to 70% lower, depending on the application. As Canadian municipalities and the federal government intensify their focus on embodied carbon in addition to operational carbon, this advantage becomes a competitive differentiator for developers.

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    Fig. 2 – Exposed CLT beams in a Canadian mass timber office interior

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    “We’re entering an era where embodied carbon will be scrutinized as carefully as energy efficiency,” says Ladan Hosseinzadeh Sadeghi. “Developers who build with mass timber now are building relationships with a regulatory environment that is only going to reward low-carbon construction more aggressively going forward. It’s not altruism – it’s strategy.”

    Beyond carbon, mass timber offers measurable benefits in construction speed, cost predictability, and worker safety. The precision manufacturing of CLT and glulam panels in controlled factory environments reduces on-site waste, shortens construction schedules, and limits the unpredictability that plagues traditional poured-concrete projects. In a Canadian market where construction cost overruns and labour shortages remain persistent challenges, these operational advantages carry real financial weight.

    Economic Opportunity Across the Value Chain

    The mass timber opportunity extends well beyond individual development projects. Canada’s forest products industry – which employs hundreds of thousands of Canadians and generates tens of billions in annual export revenue – is actively investing in mass timber manufacturing capacity. New CLT and glulam facilities have opened or expanded in British Columbia, Alberta, Ontario, and Quebec, creating a domestic supply chain that reduces both costs and lead times for developers.

    Indigenous communities and forestry partnerships represent another critical dimension of the opportunity. Many of the most significant mass timber projects in Canada are being developed in partnership with First Nations communities that hold forestry rights, creating economic development vehicles that align with reconciliation commitments while producing real estate assets of lasting value.

    “There’s an enormous opportunity to align mass timber development with Indigenous economic partnership in ways that create generational wealth for communities that have historically been excluded from the development equation,” notes Ladan Hosseinzadeh Sadeghi. “Sky Property Group is actively exploring these kinds of collaborative structures, because we believe the best development is the kind that builds communities, not just buildings.”

    Market Momentum and Investment Signals

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    Fig. 3 – Cross-laminated timber manufacturing facility, British Columbia

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    Institutional investors and major pension funds – among the most disciplined capital allocators in Canada – are increasingly incorporating mass timber into their real estate portfolios. The combination of ESG alignment, strong tenant demand (particularly from technology companies and progressive employers seeking distinctive, healthy workplaces), and favourable regulatory trends makes mass timber an asset class with durable appeal.

    Office and mixed-use mass timber developments consistently report higher tenant retention rates and premium rents compared to conventional construction. Residential mass timber buildings attract buyers and renters who place a premium on both aesthetic warmth and environmental credentials – a demographic segment growing rapidly across Canadian urban centres.

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    “The market is sending a clear signal,” says Ladan Hosseinzadeh Sadeghi. “Tenants want it. Municipalities want it. The code supports it. The supply chain is maturing. For developers who are still on the fence about mass timber, I would ask: what are you waiting for?”

    Looking Ahead

    As Canada navigates the ongoing pressures of housing affordability, urban intensification, and decarbonization, mass timber represents a rare solution that advances multiple policy and market objectives simultaneously. It delivers density, sustainability, speed, and economic development in a single structural system – a combination that no other building material currently matches.

    For Ladan Hosseinzadeh Sadeghi and Sky Property Group Inc., the path forward is clear. “We are committed to integrating mass timber into our development pipeline wherever it makes sense,” she says. “Not because it’s fashionable, but because it’s the right way to build for the next fifty years in this country. Canada gave the world this material. It’s time we built our cities with it.”

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    About Sky Property Group Inc.

    Sky Property Group Inc. is a Toronto-based real estate development and property management company specializing in land assembly and high-density residential development across the Greater Toronto Area. Led by President & CEO Ladan Hosseinzadeh Sadeghi, the company is committed to sustainable, community-minded development that creates lasting value for investors, residents, and municipalities alike.

    Media Contact:
    Ladan Hosseinzadeh Sadeghi
    ladanhosseinzadehsadeghi@gmail.com

    SOURCE: Sky Property Group Inc.

    View the original press release on ACCESS Newswire

  • Canada’s Construction Labour Crisis: How the Skilled Trades Shortage Is Reshaping Real Estate Development

    Canada’s Construction Labour Crisis: How the Skilled Trades Shortage Is Reshaping Real Estate Development

    TORONTO, ON / ACCESS Newswire / March 13, 2026 / Canada’s real estate development sector is facing a challenge that no amount of rezoning, financing reform, or government incentive can fully resolve on its own: a deepening shortage of skilled construction workers that is driving up costs, extending timelines, and threatening to derail the housing supply Canada so urgently needs. Industry leaders are sounding the alarm, and few are more direct about its consequences than Ladan Hosseinzadeh Sadeghi, President & CEO of Sky Property Group Inc.

    Construction activity in the Greater Toronto Area continues at pace, but labour shortages are straining project timelines.

    “We can unlock land, we can secure financing, we can get the zoning approved – but if we don’t have the workers to actually build, none of that matters,” says Hosseinzadeh Sadeghi. “The skilled trades shortage is the single most underappreciated constraint on Canadian housing supply right now, and it deserves urgent national attention.”

    The Scale of the Problem

    Canada’s construction industry is projected to need more than 299,000 new workers by 2033 to replace retiring tradespeople and meet growing demand, according to BuildForce Canada. The residential sector alone – already straining under the weight of a widely acknowledged housing crisis – faces some of the tightest labour markets in a generation. Electricians, plumbers, ironworkers, carpenters, concrete finishers, and heavy equipment operators are in short supply from Vancouver Island to Halifax.

    The consequences are measurable. Labour costs now account for an increasingly disproportionate share of total project budgets. Construction timelines that once ran 24 to 36 months for a mid-rise residential tower in the Greater Toronto Area are stretching to 40 months or beyond. And subcontractor competition for available tradespeople – particularly on high-density urban projects – has become intense enough to affect project viability.

    “We’re seeing it in every project we undertake,” says Hosseinzadeh Sadeghi. “The bids come in higher, the scheduling buffers need to be wider, and managing labour continuity has become as important as managing materials procurement. It changes the entire financial model of a development.”

    Skilled tradespeople are in high demand across Canadian construction projects as the workforce gap widens.

    A Generational Shift in the Workforce

    The roots of the crisis are demographic. Canada – like much of the developed world – saw decades of cultural messaging that steered young people toward university degrees and white-collar careers, often at the expense of skilled trades. Enrolment in apprenticeship programs declined through the 1990s and 2000s, and the workforce that entered the trades during the last major construction boom is now aging toward retirement.

    According to Statistics Canada, more than one in five construction workers in Canada is over the age of 55. As that cohort exits the workforce over the next decade, the industry faces a structural gap that cannot be closed quickly, because trades training takes time. A licensed electrician, plumber, or millwright requires years of apprenticeship. There are no shortcuts.

    “Governments have been talking about trades promotion for years, but the urgency hasn’t matched the rhetoric,” says Hosseinzadeh Sadeghi. “We’re still not doing enough at the high school level to show young Canadians that a career in the skilled trades is a path to genuine prosperity – financially rewarding, professionally satisfying, and deeply necessary.”

    Immigration: A Partial but Complex Solution

    Federal immigration policy has attempted to address the gap through targeted streams for skilled trades workers, and Hosseinzadeh Sadeghi is broadly supportive. However, she cautions that immigration alone cannot close the shortage – and that bringing in trained workers from abroad comes with its own friction. Foreign credential recognition remains a persistent barrier. A licensed electrician trained in Brazil, the Philippines, or India may spend months or years navigating provincial licensing processes before they can work in their trade in Canada.

    “Credential recognition reform is something governments at both the federal and provincial level need to prioritize,” says Hosseinzadeh Sadeghi. “We’re leaving skilled people on the sidelines while construction sites sit shorthanded. That’s a policy failure with real consequences for housing costs and housing supply.”

    Ladan Hosseinzadeh Sadeghi, President & CEO of Sky Property Group Inc., advocates for systemic trades training reform.

    Technology as a Partial Offset

    In the near term, some developers are turning to technology and innovation to offset labour constraints. Modular and panelized construction systems, which allow more building components to be fabricated off-site under controlled conditions, can reduce the on-site labour hours required per unit. Digital tools – Building Information Modelling (BIM), drone surveys, and AI-assisted project scheduling – help teams work more efficiently and reduce costly mistakes.

    “Technology can help us do more with the workers we have,” says Hosseinzadeh Sadeghi. “But it doesn’t replace the need for skilled hands on the job site. If anything, new technologies often require a higher level of expertise, not less.”

    Sky Property Group has been exploring prefabrication partnerships and is actively evaluating how off-site construction methodologies can be integrated into future project designs – not as a magic solution, but as a way to optimize performance in a constrained labour environment.

    The Policy Imperative

    Resolving Canada’s construction labour shortage will require a multi-pronged policy response: expanded and better-funded apprenticeship programs, genuine credential recognition reform, sustained trades promotion in secondary schools, and targeted immigration pathways that reduce delays for qualified foreign-trained workers. Some provinces have made meaningful moves. Ontario’s Skilled Trades Strategy has invested in awareness campaigns and streamlined some pathways to certification. But Hosseinzadeh Sadeghi believes more is needed – and faster.

    “Every month we spend not building the pipeline of future tradespeople is a month added to Canada’s housing shortage a decade from now,” she says. “The decisions governments make today about trades training and workforce development will determine whether Canada can actually build its way out of this housing crisis or just keep talking about it.”

    Toronto’s skyline reflects years of high-density development – a trend that depends on a steady pipeline of skilled construction workers.

    Looking Ahead

    For developers like Sky Property Group, the labour shortage has forced a more disciplined approach to project planning – longer lead times, deeper subcontractor relationships, and earlier engagement with trades partners to secure commitments before shovels go in the ground. It has also reinforced the importance of strong project management and operational efficiency.

    “Real estate development is ultimately about building communities,” says Hosseinzadeh Sadeghi. “And communities need homes. Homes need builders. If we don’t fix the skilled trades pipeline in Canada – and fix it seriously – we’re going to keep falling further behind. That’s not acceptable.”

    About Ladan Hosseinzadeh Sadeghi

    Ladan Hosseinzadeh Sadeghi is President & CEO of Sky Property Group Inc., a Canadian real estate development company focused on high-density residential development in the Greater Toronto Area. She is recognized as a leading voice on housing policy, urban development, and real estate investment in Canada.

    Media Contact:
    Ladan Hosseinzadeh Sadeghi
    ladanhosseinzadehsadeghi@gmail.com

    SOURCE: Sky Property Group Inc.

    View the original press release on ACCESS Newswire

  • Institutional Digital Asset Infrastructure: The Industrialization of On-Chain Credit and Neo-Bank Convergence

    Institutional Digital Asset Infrastructure: The Industrialization of On-Chain Credit and Neo-Bank Convergence

    NEW YORK CITY, NY / ACCESS Newswire / March 13, 2026 / Black Titan Corporation (NASDAQ:BTTC)

    Executive Summary

    The first full week of March 2026 has solidified the “Infrastructure-First” paradigm for institutional digital asset adoption. The market has transitioned from experimental pilots to the systematic deployment of “DeFi-as-a-Service” (DaaS) and “Lending-as-a-Service” (LaaS) as core backend settlement layers. Key drivers this week include the aggressive institutional scaling of the Morpho V2 architecture on Base, and the emergence of “Narrow Banking” partnerships that bridge 24/7 on-chain liquidity with traditional fiat settlement.

    1) Morpho V2: Deployment of Market-Driven Credit Pricing on Base

    The Morpho protocol has initiated the wide-scale rollout of its V2 architecture, marking a structural pivot in decentralized lending.

    • Market-Driven Rates: Morpho V2 departs from monolithic protocol-wide interest rate formulas in favor of externalized, market-driven pricing. This allows institutional curators to set bespoke terms for fixed-rate and fixed-term loans, directly addressing the volatility constraints of traditional credit desks.

    • Institutional Accumulation: Following Apollo Global Management’s ($938B AUM) strategic commitment to acquire 9% of the MORPHO supply, curated vaults on Base have seen a surge in “Lending-as-a-Service” activity. These vaults, managed by risk-modeling firms, are effectively acting as decentralized prime brokerages for institutional-grade borrowers.

    2) Neo-Bank Evolution: The Rise of “Narrow Bank” Settlement Rails

    Strategic partnerships formed this week signal the maturation of Web3-native neobanking, focusing on 24/7 programmable settlement.

    • B2B Programmable Payments: N3XT, a blockchain-powered narrow bank, announced a strategic partnership with Swiss-based Web3 platform YouHodler. This integration enables 24/7 programmable B2B payments and white-label crypto-backed lending, bypassing the constraints of traditional banking hours.

    • Stablecoin Reserve Transparency: The SEC issued finalized guidance on stablecoin reserve transparency this week, accelerating the adoption of yield-bearing stablecoin products within neobank ecosystems. This regulatory clarity is curbing “deposit flight” by allowing banks to offer compliant, yield-bearing digital asset products directly to their core clients.

    3) Real-World Asset (RWA) Tokenization: The “Base Hub” Dominance

    The Base network continues to consolidate its position as the primary settlement hub for tokenized treasury products.

    • BUIDL Fund Expansion: BlackRock’s BUIDL fund has surpassed $2 billion in AUM as of March 2026. The fund’s integration with UniswapX for secondary liquidity, coupled with its use as collateral in Morpho vaults, has created a “Tokenized-Value-as-a-Service” stack.

    • Credit Union Integration: Jack Henry’s integration of Stablecore into its network now allows over 1,600 banks and credit unions to deploy institutional-grade digital asset products. This “Infrastructure-as-a-Service” model allows smaller financial institutions to compete with global majors by leveraging pre-integrated Web3 rails.

    Market Interpretation

    The “Industrialization of DeFi” is currently defined by infrastructure invisibility. The success of the “Morpho-Base” axis suggests that the DaaS winners are those functioning as a “thick backend” for “thin frontends.” We are witnessing a Regime Shift where governance tokens are being repriced as Infrastructure Equity, attracting long-term capital that seeks to control the “TCP/IP of Debt.”

    The convergence of AI-driven analytics with these protocols (AI-driven protocol health monitoring) is further de-risking the environment for institutional capital, allowing for automated capital rotation away from platforms showing early signs of instability.

    Outlook

    In the near term, we anticipate (i) the proliferation of White-Label Neo-Bank platforms that allow any enterprise to launch a compliant Web3 bank in weeks; (ii) a shift in DeFi revenue models toward sustainable fee-based income as venture capital shifts away from traditional DeFi toward stablecoin and RWA infrastructure; and (iii) the potential for soulbound identity tokens to become the standard for on-chain KYC/AML, further reducing onboarding friction for regulated entities.

    Disclaimer

    This research note is provided for informational purposes only and does not constitute investment advice, legal counsel, or a solicitation to buy or sell any financial instruments. Digital assets involve significant risk, including smart contract vulnerability and regulatory shifts. Forward-looking statements are based on current market intelligence and are subject to change without notice.

    About Black Titan Corp (NASDAQ:BTTC) Black Titan Corp is a recent digital asset technology company focusing on the DAT+ strategy, utilizing its corporate balance sheet to support, govern, and provide liquidity to decentralized protocols. For more information, please visit https://www.blacktitancorp.com/ttdat.html.

    Media & Investor Contact
    Czhang Lin
    Co-Chief Executive Officer
    contact-us@blacktitancorp.com

    SOURCE: Black Titan Corp

    View the original press release on ACCESS Newswire

  • One Wall Street Launches B&B Italia Turnkey Collection Debuting: The Signature, The Classic and The Pied-à-Terre

    One Wall Street Launches B&B Italia Turnkey Collection Debuting: The Signature, The Classic and The Pied-à-Terre

    Exclusive B&B Italia Residences Offer a New Benchmark for Artful, Ready-to-Live Residences in Downtown Manhattan’s Most Coveted Addresses

    NEW YORK CITY, NY / ACCESS Newswire / March 13, 2026 / One Wall Street, the landmarked tower reimagined as Lower Manhattan’s premier luxury residential address, has just unveiled three new turnkey model residences in partnership with global leader in the high-end designer furniture sector B&B Italia.

    Left to Right: Residence 1201 and Residence 1202. Images linked here.

    The newly released model residences blend classic Art Deco architecture with contemporary Italian design, offering buyers the rare opportunity to own a fully furnished interior curated by one of the world’s most esteemed Italian design houses, all within one of Downtown Manhattan’s most iconic Art Deco buildings.

    “We are thrilled to have crafted three new model residences at One Wall Street in partnership with B&B Italia,” said Anna Zarro, One Wall Street Sales President. “One Wall Street and B&B Italia share a commitment to luxury, refined style, and exceptional lifestyle. This collaboration brings that shared vision to life, in demonstration of what we offer residents through curated design to suit their desires delivered by B&B Italia as fully equipped homes. This partnership further reinforces our reputation as the ultimate destination for design, fashion, dining, wellness, and hospitality.”

    Blending heritage architecture with innovative design in furniture and interiors, the turnkey residences offer buyers a complete home with all lifestyle needs perfectly addressed within the heart of the Financial District. Each model residence offers a distinct design and layout, including the “Pied-à-Terre” studio listed at $1.03M, the “Classic” two-bedroom listed at $3.4M, and the “Signature” three-bedroom home listed at $5.15M:

    Residence 1226 – Studio

    Residence 1226 is the perfect NYC “Pied-à-Terre” featuring high ceilings and an archetypal Manhattan attitude. Exclusively designed with the Maxalto collection, the space exudes a timeless, androgynous elegance. A neutral color palette, layered textures and structured silhouettes create a minimalist yet balanced interior. Styled like a luxury hotel suite, this studio offers a serene retreat for the jet set.

    Residence 1202 – Two Bedroom

    The “Classic”: A graciously appointed, generously proportioned two-bedroom home meets an avant-garde interior defined by bold textures and graphic elements. Residence 1202 is a space shaped by visionary thinking, where color and proportion are thoughtfully explored to create a backdrop filled with a sense of wonder. The space invites the eye to linger and the mind to stay curious. Furnished with B&B Italia, a leader in style and design, the home accentuates the key views of the surrounding iconic architecture.

    Residence 1201 – Three Bedroom

    The “Signature” three-bedroom is thoughtfully designed to include two primary suites and a private en-suite office. Residence 1201 presents a sleek, contemporary interior grounded in architectural clarity. Rich in materiality and subtle in tone, the space balances restrain with artistic expressive flair – reflecting its landmark address and views of Trinity Church while embodying the union of comfort and elegance of a family home. This residence is a celebration of B&B Italia and Maxalto, curating a layered well-traveled interior that reflects the versatility and breadth of the B&B Italia Group.

    “As B&B Italia celebrates its 60th anniversary, we have the unique privilege to unveil three distinct interior designs that deepen the power of our collective strength. One Wall Street stands as one of the most iconic addresses in Manhattan, and we are proud to have partnered with their team in shaping the new interiors of this landmark in FiDi. Curating iconic spaces is more than design – it’s an expression of lifestyle, rooted in vision and lasting impact,” said Francesco Farina, CEO of B&B Italia USA.

    “Each of the three residences echo a voice of the moment; highlighting our founding four: bold, innovative, visionary, and contemporary – all while preserving a timeless sense of style. The Signature, The Classic, and The Pied-à-Terre models were thoughtfully crafted to meet the desires of a wide yet discerning audience through carefully considered layouts and expressive designs,” said Orane Abézis, Design Director at B&B Italia USA.

    One Wall Street is the Financial District’s first true luxury residential building, distinguished by an exceptional level of service that includes more than the anticipated full‑time door staff, live‑in resident manager, and dedicated concierge services. In addition to enjoying the convenience of anchor tenant Whole Foods just downstairs, residents enjoy an expansive 100,000 square feet of amenities, thoughtfully designed to support effortless living, wellness, and connection. Highlights include The One Club, an intimate private restaurant, bar and terrace set on the 39th floor with skyline, NY Harbor and Statue of Liberty views – reserved exclusively for residents and their guests, The One Sky Pool on the 38th floor with wraparound outdoor terrace; The One Gym, a fully equipped fitness center; The One Playroom; The One Pet Spa; and One Works – a 6,500‑square‑foot co‑working space and business lounge complete with private podcast rooms and thoughtfully designed spaces for focus, flexibility, and collaboration. Residents also enjoy complimentary membership and direct priority access to Life Time, the building’s four-level, 75,000-square-foot athletic country club – a premier destination for fitness, wellness, recovery, and lifestyle programming, as well as exclusive access and special services from Printemps New York, the luxury Parisian retailer that is home to Salon Vert, Café Jalu, The Red Room Bar, and Maison Passerelle – all just an elevator ride away.

    About One Wall Street

    One Wall Street is a 51-story Art Deco landmark in Lower Manhattan located to the east of Broadway and adjacent to the New York Stock Exchange. Built in 1931 for the Irving Trust Company as designed by architect Ralph Walker, One Wall Street has been transformed by Macklowe Properties into a luxury condominium building in the most ambitious and successful office-to-residential conversion in the history of New York City. One Wall Street offers unobstructed views of New York Harbor and the Statue of Liberty, comprising loft studio to four-bedroom homes and a triplex penthouse at its crown, with 174,000 square feet of retail space at its base and 100,000 square feet of amenity space within. For more information, please visit www.onewallstreet.com.

    For media inquiries, please reach out to onewallstreet@optimistconsulting.com.

    About B&B Italia Group

    B&B Italia is an internationally renowned Italian Group leader in the high-end designer furniture sector. The B&B Italia Group works in the residential and contract sectors (hospitality, retail, offices and nautical) with its three brands, B&B Italia, Maxalto and Azucena. Each brand has its unique identity in which design, research, creativity, and technology develop together, interpreting contemporary lifestyle and trends.

    Its headquarters in Novedrate (Como) was designed in 1971 by Renzo Piano and Richard Rogers. The company has a presence in more than 80 countries through 10 flagship stores in London, Paris, Monaco, Milan, New York, Washington, D.C., Dallas, Miami and Boston, 60 single-brand stores and 700 specialised stores. Nowadays, foreign markets account for around 80% of the Company’s revenues.

    The mission of B&B Italia Group is to create the most innovative, iconic, and timeless pieces of design furniture in order to inspire people around the globe through the power of the best creative minds, unparalleled R&D, industrial know-how and made-in-Italy quality that make the Group one of the world’s premier design companies.

    From the beginning, B&B Italia has availed itself of the collaboration of the most prestigious international designers. These strong relationships have always been key factors in the strategic development of the company and of its lifestyle. Together with them, the company has made a significant contribution to the design culture and to the history of Italian design throughout the world. B&B Italia has been honored numerous awards in its history including the five-time win of the most coveted award in Italian industrial design – the “Compasso d’Oro.”

    Since November 2018, B&B Italia is part of Flos B&B Italia Group, a leading global high-end design group operating a number of legacy brands in the world of luxury furnishings and lighting, with a European cultural heritage. Driven by a purpose of “We design for a beautiful life”, the Group designs for the planet, people, and culture. The Group includes FLOS, B&B Italia, Louis Poulsen, Maxalto, Arclinea, Azucena, Audo and Lumens. www.flosbebitaliagroup.com

    For media inquiries, please reach out to:

    Laura Confalonieri / Barbara Carraretto
    press.lounge@bebitalia.it
    T. +39 031 795 327 / 343

    USA – Karla Otto
    BeBItaliaUS@karlaotto.com

    SOURCE: One Wall Street

    View the original press release on ACCESS Newswire

  • SMX’s Molecular Traceability Technology Strengthens Verification Across Global Oil and Gas Supply Chains

    SMX’s Molecular Traceability Technology Strengthens Verification Across Global Oil and Gas Supply Chains

    NEW YORK CITY, NY / ACCESS Newswire / March 13, 2026 / As geopolitical tensions, sanctions enforcement, and shifting trade alliances continue to reshape global oil and gas markets, protecting the enormous financial value embedded in energy supply chains has become an increasing priority. SMX (Security Matters) PLC (NASDAQ:SMX) is helping address this challenge through its molecular traceability technology, which enables oil, fuels, and other energy materials to carry a verifiable identity as they move through complex global supply networks.

    Each year, trillions of dollars in crude oil, refined fuels, and petrochemical products move through a vast international infrastructure of wells, pipelines, refineries, tankers, storage terminals, and trading hubs. Within this highly interconnected system, verifying the origin, authenticity, and handling of these materials is becoming increasingly important as regulatory oversight grows and supply chains become more complex.

    A new generation of verification tools is emerging to meet this need by attaching identity directly to the materials themselves.

    SMX has developed a molecular traceability platform that embeds invisible molecular markers into physical commodities. Once applied, these markers allow materials such as crude oil, refined fuels, petrochemicals, and other industrial inputs to carry a durable and verifiable identity throughout their entire lifecycle-from extraction and transportation to refining, blending, storage, and final delivery.

    This approach represents a shift away from traditional verification systems that rely heavily on documentation. Historically, commodity markets have depended on paperwork, certificates, and digital records that travel separately from the physical materials they describe. In complex global trading environments, those records can sometimes become altered, misplaced, or disconnected from the commodities themselves.

    By embedding identifiers at the molecular level, SMX’s technology allows participants across the energy ecosystem to confirm origin and monitor chain-of-custody with greater certainty. The molecular markers are linked to a secure digital platform that records the lifecycle of the material, creating a comprehensive and verifiable audit trail across the supply chain.

    For producers, refiners, traders, and investors, the implications are significant. The ability to authenticate commodities and verify their movement through international markets can help reduce fraud, limit exposure to sanctions violations, and strengthen confidence in high-value energy transactions.

    Even small uncertainties about a shipment’s origin or handling can introduce financial risk in markets where cargoes often change hands multiple times before reaching end users. Verification systems that connect identity directly to the material itself provide an additional safeguard against substitution, mislabeling, and supply-chain manipulation.

    As regulatory expectations grow around sanctions enforcement, carbon reporting, and supply-chain transparency, technologies capable of verifying the provenance of physical materials are becoming increasingly important to global trade.

    While the energy sector represents a major application for this technology, its potential extends far beyond oil and gas.

    SMX’s molecular traceability platform can be applied across a wide range of industries where origin verification and authenticity are essential, including precious metals and mining, industrial metals such as steel and aluminum, plastics and circular materials, industrial rubber, luxury goods and textiles, agricultural commodities, and semiconductors and electronics.

    By linking molecular identifiers embedded in physical materials with digital verification systems, the platform creates what the company describes as a physical-to-digital identity layer for global commerce. This capability allows stakeholders-from producers and manufacturers to regulators and financial institutions-to verify provenance, track transformations during processing, and maintain reliable records across complex supply networks.

    As geopolitical uncertainty and regulatory pressure continue to reshape global markets, technologies that enhance transparency, protect asset value, and secure supply chains are increasingly becoming an important component of the infrastructure supporting international trade.

    ABOUT SMX (SECURITY MATTERS) PLC

    SMX (Security Matters) PLC (NASDAQ:SMX) develops molecular traceability and material authentication technologies designed to strengthen supply-chain transparency and integrity across global industries. Its platform embeds invisible molecular markers directly into physical materials-including solids, liquids, and gases-allowing them to carry a persistent identity that can be detected and verified throughout their lifecycle.

    Combined with proprietary reader systems and a secure digital verification infrastructure, the technology enables organizations to maintain auditable records of origin, composition, and supply-chain history. These capabilities support authentication, regulatory compliance, sustainability reporting, recycling verification, and circular-economy initiatives across sectors including energy, metals and mining, plastics and circular materials, industrial rubber, semiconductors, textiles, luxury goods, and agriculture.

    Contact: Jeremy Murphy/ jeremy@360bespoke.com

    SOURCE: SMX (Security Matters) Public Limited

    View the original press release on ACCESS Newswire

  • Luminar Media Group – Fortun – Provides General Business Update on Corporate Initiatives

    Luminar Media Group – Fortun – Provides General Business Update on Corporate Initiatives

    MIAMI, FL / ACCESS Newswire / March 13, 2026 / Luminar Media Group, Inc. (OTCID:LRGR) (“Luminar” or the “Company”), a diversified financial holding company focused on revenue-based financing solutions for small and mid-sized businesses and operating under the Fortun brand, today provided a general business update addressing certain previously disclosed corporate initiatives.

    Corporate Name and Ticker Symbol Alignment
    The Company expects to implement its previously disclosed corporate name change and ticker symbol change in the near term. Any related ticker symbol change will remain subject to applicable approvals, regulatory processing, and customary public disclosure.

    At this time, the Company notes that no reverse stock split is being undertaken concurrently with the contemplated name and ticker symbol change.

    Registration Statement Process Update
    As previously disclosed, the Company has confidentially submitted a draft registration statement (DRS) on Form S-1 to the SEC for review. The Company received the initial SEC response on February 10th, 2026. The review process is ongoing. Because the submission remains nonpublic at this stage, the Company does not intend to provide further comment regarding that process except as may be required by applicable law or in connection with any future public filing.

    A draft submission for nonpublic review does not appear on EDGAR unless and until the registration statement is publicly filed.

    Audit and Year-End Financial Reporting Update
    The Company previously announced that audited financial statements for fiscal years 2023 and 2024 were completed and included in its initial confidential registration statement submission materials.

    As part of the ongoing review process, audited financial statements for fiscal year 2025 will also be required for inclusion in the registration statement materials.

    The Company is currently working with its independent auditors to complete the 2025 audit. However, because this period coincides with a high volume of reporting deadlines for many issuers and service providers, the Company has been advised by its auditor that completion may occur later, with the current expectation being no later than the end of April 2026, although timing remains subject to change.

    Accordingly, the Company currently expects to file its fiscal year 2025 year-end disclosure with OTC Markets by the March 31, 2026 deadline in accordance with the OTC Markets Alternative Reporting Standard under which the Company currently reports. If the initial filing is submitted on an unaudited basis, the Company expects to subsequently amend or supplement that disclosure once the audit is completed.

    Upon completion of the audit, the Company intends to update its disclosure record and any registration statement materials as appropriate. Timing remains subject to completion of audit procedures and the SEC review process.

    Board Composition and Governance
    As previously announced, the Company appointed Juan M. Sese as Chief Financial Officer.

    In addition, the Company is actively evaluating executive and board-level candidates as part of its broader governance planning. Board questionnaires and related diligence processes have been initiated in coordination with counsel as the Company assesses potential director candidates, including individuals who may satisfy independence standards applicable to a national securities exchange.

    Any such appointments, if made, will be publicly announced through the Company’s standard disclosure channels.

    Credit Facility Initiative
    The Company recently disclosed that it is exploring the establishment of a potential credit facility or line of credit. Any such financing, if obtained, would be intended to supplement, and not alter, the Company’s previously announced business strategy.

    Management stated that the primary objective of such a facility would be to provide additional non-dilutive capital that could expand the Company’s capacity to fund small-business receivables through its platform. There can be no assurance that any such facility will be obtained or, if obtained, on what terms.

    Management Commentary
    Management stated that the Company is focused on its ongoing operations and on the evaluation and execution of previously disclosed corporate initiatives, subject to applicable approvals and market conditions. Except as described above, the Company is not announcing any additional material corporate developments at this time.

    About Luminar Media Group, Inc.
    Luminar Media Group, Inc. (OTCID:LRGR), through its subsidiaries operating under the Fortun brand (FortunCo, LLC; Fortun Advance, LLC; Fortun Funding, LLC; Fortun Online, LLC and affiliates), provides revenue-based financing solutions primarily to small and medium-sized businesses across the United States. The Company’s mission is to empower underserved entrepreneurs – particularly within Latino and minority business communities – by offering accessible, transparent, and data-driven capital alternatives. Fortun’s technology-enabled platform evaluates ACH activity, sales data, and other financial indicators to deliver rapid funding decisions and support sustainable growth.

    For more information: www.fortunco.com

    CONTACT:
    Hayden IR
    James Carbonara
    (646) 755-7412
    james@haydenir.com

    Forward-Looking Statements
    This press release is provided solely as a general business update and does not constitute an offer to sell or the solicitation of an offer to buy any securities.

    Certain statements contained herein are forward-looking statements, including but not limited to statements regarding the Company’s anticipated audit timing, financial reporting plans, potential corporate name or ticker symbol changes, possible reverse stock split considerations, board composition efforts, credit facility discussions, registration statement process, and any potential uplisting or national exchange strategy.

    These forward-looking statements are based on current expectations, assumptions, and internal planning, all of which are subject to substantial risks, uncertainties, regulatory review, market conditions, third-party actions, and other factors, many of which are outside the Company’s control. There can be no assurance that any audit will be completed by any particular date, that any registration statement will become effective, that any financing facility will be secured, that any corporate action will occur, or that the Company will satisfy the requirements for or successfully complete any uplisting or exchange listing.

    Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements except as required by applicable law.

    SOURCE: Luminar Media Group, Inc.

    View the original press release on ACCESS Newswire

  • Wellgistics President Releases Letter to Shareholder on Emerging Patient Care-Centric Strategic Direction

    Wellgistics President Releases Letter to Shareholder on Emerging Patient Care-Centric Strategic Direction

    TAMPA, FL / ACCESS Newswire / March 13, 2026 / Wellgistics Health, Inc. (NASDAQ:WGRX) (“Wellgistics”), a health information technology leader, integrating proprietary pharmacy dispensing optimization artificial intelligence (AI) platform EinsteinRx™ into its patented blockchain-enabled smart contracts platform PharmacyChain™, today announced that its President & Interim-CEO Prashant Patel, RPh released a letter to shareholders.

    The prescription drug and broader healthcare landscapes in the United States are rapidly changing. From the direct involvement of the federal government in providing discount cards for prescription drugs via to direct to consumers (DTC) online platform TrumpRx, to major pharmaceutical manufacturers offering prescription obesity drugs DTC through their own online pharmacies, to increasing percentages of patients receiving prescriptions for obesity and other drugs from physicians through telemedicine, it is clear that technology is rapidly changing how Americans engage with the healthcare system. This emerging shift in the healthcare market that gained significant momentum during the height of the COVID-19 pandemic has significant long-term consequences for independent pharmacies and providers throughout the country.

    Here at Wellgistics Health, we have been evaluating how best to leverage our pharmaceutical distribution businesses and deep healthcare relationships to position ourselves for the healthcare system tomorrow. After thorough review, we have determined that the best path forward for us is to transition our focus towards becoming a seller of prescription drugs and related services directly to patients via the Company’s online pharmacy, and to leverage our relationships with independent pharmacies and other more local service providers to coordinate patient care with a view towards expanding the scope of our industry-leading EinsteinRx artificial intelligence hub platform to enable its use in areas beyond prescription drug dispensing optimization, towards optimization of patient outcomes.

    To this end, we have been strategically expanding marketing and healthcare technology relationships in preparation for this new direction. Our emerging partnership with NFL Alumni Health is set to provide us with access to a uniquely positioned group of influencers with unparalleled brand awareness and trust, capable of generating deep consumer engagement that we believe will help us elevate our new message to consumers throughout the United States in the second half of the year as football season kicks into gear. We have exclusively licensed technology from DataVault AI in preparation for the deployment of the Company’s proprietary drug serialization solution PharmacyChain™ that will allow us not only to tokenize prescription drug data, but also data of each data aspect required for a prescription drug to be dispensed – which includes the aggregation of electronic patient records (EHD) data such as prior diagnoses, diagnostic testing results and other key data. We recently gained access to a proprietary lower-cost eligibility and benefits verification tool sufficiently attractive to compete for pharmacy and partner verification business in anticipation of the deployment of PharmacyChain so that there is an immediate incentive for partners to work with us as we begin to expand our healthcare ecosystem beyond pharmacy.

    We are also leveraging our deep understanding of pharmacy science to position ourselves on the side of patients with respect to mitigating the side effects of prescription drugs in rapidly growing and large underserved medical conditions. To this end, the Company’s partnership with Tollo Health has positioned us to target two large chronic conditions that currently experience incomplete outcomes and/or side effects from currently approved prescription drug solutions with the over 36 million+ (12%+ of US population)[1] & growing diabetic and/or obese patients currently on GLP-1 medication via medical food Forzet™ and the over 18 million+ (6% of US population)[2] suffering from Long COVID via 3CL protease cleansing dietary supplement Tollovid™. Additionally, Tollo has natural medical food product Galectovid™ that is targeted towards the 6-10 annual viral infections each American (300 million+)[3] contracts, the vast majority of which are left untreated and have been increasingly linked to later-in-life chronic diseases such as cancer, Alzheimer’s disease and multiple sclerosis.

    While we have made strides in this new direction, with the longer-term and medium terms outlook shaping up nicely, we are now preparing to focus on the immediate term execution phase that will position us to be able to complete this shift. To this end, we are actively preparing our telemedicine and diagnostic testing strategies, aiming to develop a closed-loop ecosystem that pharmaceutical manufacturing and other partners will be attracted to as a result of the marketing power, data generation and patient flow capabilities that will build value for their brands. We are also engaged with payers who have expressed a strong interest in being able to help shape our PharmacyChain solution to help solve key inefficiencies that currently plague the US healthcare system and result in higher costs with poor outcomes and expect to secure relationships that will allow us to begin to deploy our emerging solutions in a stepwise fashion, initially around mitigating GLP-1 related muscle loss.

    We strongly believe that now is the time to take these decisive actions so that we can retool our offering for the future. We intend to fortify our relationships with the Wellgistics Pharmacy Network by making available many more tools to help pharmacists manage their patients, and expect that as pharmacies are able to confidently expand their service offerings, we will be able to enable them with products and relationships they would otherwise not have access to alone, strengthening our value proposition to them via new revenue streams at a time of compressing margins and making them an extension of our own offering where appropriate.

    We believe in our mission, cognizant of the broader changes in the healthcare landscape and clear-eyed with respect to the challenges ahead.

    Thank you for taking the time to read this letter, for being a shareholder and for joining us in our journey to revolutionize healthcare in America.

    About Wellgistics Health, Inc.

    Wellgistics Health (NASDAQ:WGRX) is a health information technology leader, integrating proprietary pharmacy dispensing optimization artificial intelligence platform EinsteinRx™ into its patented blockchain-enabled smart contracts platform PharmacyChain™ to optimize the prescription drug dispensing journey. Its integrated platform connects 6,500+ pharmacies (the “Wellgistics Pharmacy Network”) and 200+ manufacturers, offering wholesale distribution, digital prescription routing, direct-to-patient delivery, and AI-powered hub services such as eligibility, adherence, onboarding, prior authorization, and cash-pay fulfillment as needed to optimize patient access. Wellgistics provides end-to-end solutions designed to restore access, transparency, and trust in the U.S. prescription drug market for independent pharmacies.

    For more information, visit www.wellgisticshealth.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance and may include, without limitation, statements regarding the anticipated launch, availability, distribution, commercialization and potential adoption of Forzet™, the expected benefits of the product, the Company’s plans to integrate Forzet into its pharmacy network and telehealth offerings, the development and expansion of the Company’s direct-to-consumer initiatives, and the potential growth of the GLP-1 agonist market. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “continue,” or the negative of these terms or other comparable terminology.

    Forward-looking statements are based on current expectations, estimates and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risks related to the commercialization and market acceptance of the Company’s products and services, the Company’s ability to successfully expand its pharmacy network and telehealth initiatives, regulatory and compliance considerations relating to medical foods and healthcare products, competition in the healthcare and pharmaceutical distribution markets, changes in market conditions, and other risks and uncertainties described from time to time in the Company’s filings with the U.S. Securities and Exchange Commission.

    Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The Company makes no representation that Forzet™ is intended to diagnose, treat, cure, or prevent any disease.

    [1] https://www.statista.com/chart/35919/key-figures-usage-and-opinion-glp-1-medication-weight-loss-drugs-in-the-united-states/#:~:text=In%20mid/late%202025%2C%2012.4,surveyed%20in%202024%20and%202025.

    [2] https://www.hhs.gov/longcovid/index.html

    [3] https://pmc.ncbi.nlm.nih.gov/articles/PMC10116010/

    Wellgistics Media & Investor Contact:

    Media:
    media@wellgisticshealth.com

    Investor Relations:
    IR@wellgisticshealth.com

    SOURCE: Wellgistics Health, Inc.

    View the original press release on ACCESS Newswire

  • Hans Vestberg Co-Founds Next Phase of US Data Centers Inc. with Digi Power X to Deploy Modular AI Infrastructure at Scale

    Hans Vestberg Co-Founds Next Phase of US Data Centers Inc. with Digi Power X to Deploy Modular AI Infrastructure at Scale

    This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated November 18, 2025, to its short form base shelf prospectus dated May 15, 2025.

    MIAMI, FL / ACCESS Newswire / March 13, 2026 / Digi Power X Inc. (“Digi Power X” or the “Company”) (Nasdaq:DGXX)(Cboe Canada:DGX) today announced the launch of the next phase of development of US Data Centers, Inc. (“USDC”), a dedicated AI infrastructure platform focused on the development, manufacturing and global deployment of modular Tier III AI data centers, through an independent, private raise of capital. This phase was co-founded with Hans Vestberg, former Chairman and Chief Executive Officer of Verizon Communications and current board member of BlackRock, who will serve as Co-Founder and Senior Advisor to USDC.

    This next phase of development is intended to establish USDC as a stand-alone and dedicated AI infrastructure manufacturing and deployment platform, while allowing Digi Power X to maintain a sharper focus on energy-optimized digital infrastructure operations.

    Under this structure:

    • USDC will lead the manufacturing, distribution and global deployment of modular AI data center infrastructure.

    • Digi Power X will continue developing and operating energy-efficient digital infrastructure assets, including power generation and high-performance compute facilities.

    This structure will position each company to capture growth across different sectors of the rapidly expanding AI infrastructure value chain, while allowing shareholders of the Company to participate in that growth through Digi Power X’s equity stake in USDC.

    The ARMS™ Platform: Modular AI Infrastructure at Scale

    At the core of US Data Centers, Inc. is the ARMS™ (AI-Ready Modular Solution) platform – a proprietary modular data center system engineered for the rapid deployment of high-density AI computing infrastructure.

    The ARMS platform is purpose-built to solve one of the most pressing challenges facing the AI industry: the inability of traditional data center construction to keep pace with the accelerating demand for compute capacity. Where conventional facilities could require years to plan, permit and build, ARMS-based deployments can be commissioned in a fraction of that time.

    Each ARMS unit is a self-contained, Tier III-certified modular data center designed to support advanced GPU clusters for large-scale AI workloads, including machine learning training, inference, and generative AI applications. Units are designed for rapid scalability, allowing customers to expand compute capacity incrementally as demand grows.

    https://storage.googleapis.com/accesswire/media/1147345/digi-img1-03132026.jpg

    ARMS 200 system set up at Digi Power X’s Alabama site

    Business Model and Go-to-Market Strategy

    USDC’s goal is to generate revenue through multiple channels, including direct infrastructure manufacturing and deployment for enterprise and sovereign customers.

    Target customers include:

    • Hyperscalers and cloud service providers requiring rapid capacity expansion

    • Enterprise customers deploying private AI infrastructure

    • Sovereign AI initiatives requiring domestically controlled compute capacity

    • Colocation tenants seeking pre-built, high-density AI-ready facilities

    The modular nature of the ARMS platform will allow USDC to serve customers across a wide range of deployment sizes, from single-unit installations to large-scale multi-megawatt campus deployments.

    In order to capitalize the entity and work towards achieving these goals, USDC issued shares of Preferred Stock in an initial capital raising transaction that ascribes a valuation to USDC of approximately US$10 million, including the issuance of 3,200,000 shares of Preferred Stock for a total of US$800,000. Digi Power X remains a majority shareholder of USDC, holding shares of Common Stock constituting more than 50% of USDC’s equity.

    Addressing the Global AI Infrastructure Gap

    The rapid proliferation of artificial intelligence is creating unprecedented demand for high-performance computing infrastructure worldwide. Industry analysts estimate that global investment in AI infrastructure could reach hundreds of billions of dollars over the coming decade as enterprises, governments and cloud providers race to scale their AI capabilities.

    USDC is positioning itself to capture a share of this opportunity by offering a faster, more flexible alternative to traditional data center development – developing and producing Tier III-certified AI infrastructure that can be delivered at the speed the market demands.

    Leadership

    Michel Amar, Chairman and CEO of Digi Power X, commented:

    “We are extremely excited to partner with Hans Vestberg in this next phase of US Data Centers, Inc. Hans brings unparalleled experience in global telecommunications infrastructure and technology leadership. His involvement will significantly strengthen USDC’s ability to build a next-generation AI infrastructure platform designed to meet the growing global demand for AI compute.”

    Hans Vestberg added:

    “The global demand for AI computing is accelerating at an unprecedented pace. It’s a massive shift in the market. I see a clear opportunity for US Data Centers, Inc. to lead this space. By leveraging our scale and execution, we will build the next generation of infrastructure and create a truly world-class platform. I look forward to partnering with USDC leadership team to deliver on this vision and drive the business forward.”

    Related Party Transaction

    Certain officers and directors of the Company (the “Insiders”) were issued an aggregate of 10,200,000 shares of Common Stock in USDC in exchange for services. The participation by the Insiders is considered a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Company is relying on an exemption from the formal valuation and minority shareholder approval requirements provided under MI 61-101 pursuant to section 5.5(a) and section 5.7(1)(a) of MI 61-101, on the basis that the participation by the Insiders does not exceed 25% of the fair market value of the Company’s market capitalization. The Company did not file a material change report in respect of the participation by the Insiders at least 21 days before the closing of the transaction, which the Company believes is reasonable in the circumstances in order to complete the transaction in an expeditious manner.

    This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. The securities being offered by USDC have not been registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

    About Digi Power X

    Digi Power X is an energy-efficient digital infrastructure company focused on the development of next-generation data centers and energy solutions designed to power the future of high-performance computing.

    About US Data Centers, Inc.

    US Data Centers, Inc. is an AI infrastructure company focused on the development, manufacturing, and deployment of modular Tier III AI data center platforms designed to support high-density AI computing workloads.

    For further information, please contact:

    Michel Amar, Chief Executive Officer
    Digi Power X Inc.
    www.digipowerx.com
    Investor Relations: T: 888-474-9222 | Email: IR@digihostpower.com

    Cautionary Statement

    Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cboe Canada does not accept responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements

    Except for the statements of historical fact, this news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes statements regarding goals, expectations and targets for the business of USDC. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “goals,’ “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking information is subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company or at all; future capital needs and uncertainty regarding USDC’s ability to raise additional capital; reduction in the Company’s economic interest in USDC resulting from expected further equity issuances by USDC; the Company’s lack of voting control over USDC; revenue may not earned by USDC on the timelines anticipated, or at all; the ability of USDC to attract target customers; costs associated with the development, manufacturing and deployment of AI infrastructure; global demand for AI computing infrastructure; further improvements to profitability and efficiency may not be realized; and other related risks, some of which are more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s filings at www.sedarplus.ca and www.SEC.gov/EDGAR. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.

    SOURCE: Digi Power X Inc.

    View the original press release on ACCESS Newswire

  • Xenetic Biosciences, Inc. Reports Full Year 2025 Financial Results

    Xenetic Biosciences, Inc. Reports Full Year 2025 Financial Results

    Encouraging preclinical and translational data supporting DNase-based approaches to target NETs in difficult-to-treat cancers

    Strategic focus on investigator-initiated exploratory studies and institutional collaborations

    Continued progress toward IND-enabling activities for DNase I program

    Ended the year with $7.9 million of cash to fund operations

    FRAMINGHAM, MA / ACCESS Newswire / March 13, 2026 / Xenetic Biosciences, Inc. (NASDAQ:XBIO) (“Xenetic” or the “Company”), a biopharmaceutical company focused on advancing innovative immuno-oncology technologies addressing difficult to treat cancers, today reported its financial results for the year ended December 31, 2025.

    Recent Highlights

    • Expanded and presented preclinical and translational evidence supporting neutrophil extracellular traps (NETs) as drivers of cancer progression and highlighting the therapeutic potential of Deoxyribonuclease (DNase) -based interventions;

    • Progressed investigator-initiated exploratory studies in Israel evaluating DNase I in combination with standard-of-care and immunotherapy platforms, including:

      • Ongoing pancreatic ductal adenocarcinoma (PDAC) study;

      • Proposed large B-cell lymphoma (LBCL) study in combination with Chimeric Antigen Receptor (CAR) T cell therapy;

    • Advanced clinical manufacturing activities for DNase I toward Investigational New Drug (IND) application;

    • Current focus on mechanism-of-action and translational research studies supported by encouraging CAR-T proof-of-concept studies with Scripps Research; and

    • Pursuing strategic alternatives to maximize shareholder value.

    “During 2025, we continued to advance our DNase-based technology toward Phase 1 clinical development while making steady progress across scientific, operational and strategic fronts,” said James Parslow, Interim Chief Executive Officer and Chief Financial Officer of Xenetic. “We strengthened the evidence linking NETs to cancer progression and the therapeutic promise of DNase-based strategies, advanced multiple investigator-initiated studies and progressed toward IND-enabling activities. We believe these efforts position the Company well as we move through 2026, while remaining disciplined in our use of capital and focused on creating long-term shareholder value.”

    Xenetic continues to advance its DNase-based technology toward Phase 1 clinical development for the treatment of pancreatic carcinoma and other locally advanced or metastatic solid tumors. During 2025, the Company completed preclinical studies evaluating DNase I in combination with chemotherapy, immunotherapies and CAR-T approaches across both solid and hematologic cancer models. Data generated from these studies are informing ongoing translational work and manufacturing activities as the Company progresses toward U.S. IND submission.

    Summary of Financial Results for Fiscal Year 2025
    Net loss for the year ended December 31, 2025 was approximately $2.7 million, reflecting investment in the Company’s most promising scientific programs. Royalty revenue from the Company’s sublicense with Takeda Pharmaceuticals Co. Ltd increased approximately 19% to $3.0 million in the year ended December 31, 2025 from $2.5 million for the year ended December 31, 2024 primarily due to royalty payments received from certain countries. Research and development expenses for the year ended December 31, 2025 decreased by approximately $0.2 million, or 7%, to $3.1 million from $3.3 million in the prior year period. Research and development costs for the year ended December 31, 2024 included a $0.7 million impairment charge that did not reoccur in 2025. This decrease was substantially offset by increased spending in connection with the Company’s DNase process development efforts. General and administrative expenses for the year ended December 31, 2025 were $2.7 million, decreasing by approximately $0.7 million, or 20%, compared to the prior year. This decrease was primarily due to certain severance and benefits expensed during the year ended December 31, 2024 in connection with a separation agreement entered into during the second quarter of 2024 with our former Chief Executive Officer.

    The Company ended the year with approximately $7.9 million of cash, representing an increase of approximately $1.7 million compared to the prior year-end, primarily due to net proceeds of approximately $4.0 million from an underwritten public offering completed in October 2025.

    About Xenetic Biosciences
    Xenetic Biosciences, Inc. is a biopharmaceutical company focused on advancing innovative immuno-oncology technologies addressing difficult to treat cancers. The Company’s proprietary DNase technology is designed to improve outcomes of existing treatments, including immunotherapies, by targeting neutrophil extracellular traps (NETs), which are involved in cancer progression. Xenetic is currently focused on advancing its systemic DNase program into the clinic as an adjunctive therapy for pancreatic carcinoma and locally advanced or metastatic solid tumors.

    For more information, please visit the Company’s website at www.xeneticbio.com and connect on X, LinkedIn, and Facebook.

    Forward-Looking Statements
    This press release contains forward-looking statements that we intend to be subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts may constitute forward-looking statements within the meaning of the federal securities laws. These statements can be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” “remain,” “focus”, “confidence in”, “potential”, “continues”, “warrants”, and other words of similar meaning, including, but not limited to, all statements regarding our belief that our efforts position the Company well as we move through 2026, while remaining disciplined in our use of capital and focused on creating long-term shareholder value, expectations regarding data generated informing ongoing translational work and manufacturing activities as the Company progresses toward U.S. IND submission, our focus on advancing innovative immuno-oncology technologies addressing difficult to treat cancers, the DNase platform improving outcomes of existing treatments, including immunotherapies, by targeting neutrophil extracellular traps (NETs), which are involved in cancer progression, and our focus on advancing our systemic DNase program into the clinic as an adjunctive therapy for pancreatic carcinoma and locally advanced or metastatic solid tumors. Any forward-looking statements contained herein are based on current expectations and are subject to a number of risks and uncertainties. Many factors could cause our actual activities, performance, achievements, or results to differ materially from the activities and results anticipated in forward-looking statements. Important factors that could cause actual activities, performance, achievements, or results to differ materially from such plans, estimates or expectations include, among others, (1) unexpected costs, charges or expenses resulting from our manufacturing and collaboration agreements; (2) unexpected costs, charges or expenses resulting from the licensing of the DNase platform; (3) uncertainty of the expected financial performance of the Company following the licensing of the DNase platform; (4) failure to realize the anticipated potential of the DNase or PolyXen technologies; (5) the ability of the Company to obtain funding and implement its business strategy; (6) risks and uncertainties as to the outcome and timing of the strategic review process being conducted by the Board and a special independent committee thereof, including the possibility that the Board may decide not to undertake a strategic alternative following the evaluation process, the Company’s inability to consummate any proposed strategic alternative resulting from the review due to, among other things, market, regulatory and other factors, the potential for disruption to our business resulting from the review process, and potential adverse effects on the Company’s stock price from the announcement, suspension or consummation of the evaluation process and the results thereof, as well as risks and uncertainties related to the potential impacts of consummation of a strategic transaction on the Company’s current business operations, anticipated business strategy and product development plans; and (7) other risk factors as detailed from time to time in the Company’s reports filed with the SEC, including its annual report on Form 10-K, periodic quarterly reports on Form 10-Q, current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. In addition, forward-looking statements may also be adversely affected by general market factors, general economic and business conditions, including potential adverse effects of public health issues, and geopolitical events, such as the conflicts in Ukraine and in the Middle East, on economic activity, competitive product development, product availability, federal and state regulations and legislation, the regulatory process for new product candidates and indications, manufacturing issues that may arise, patent positions, litigation, and shareholder activism, among other factors. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the Company does not undertake any obligation to update forward-looking statements, except as required by law.

    CONTACT:
    JTC Team, LLC
    Jenene Thomas
    (908) 824-0775
    xbio@jtcir.com

    SOURCE: Xenetic Biosciences, Inc.

    View the original press release on ACCESS Newswire

  • Southern Energy Renewables and Axens Sign Memorandum of Understanding to Advance SAF Projects in Louisiana and Beyond

    Southern Energy Renewables and Axens Sign Memorandum of Understanding to Advance SAF Projects in Louisiana and Beyond

    Global technology licensor to provide complete SAF and CO₂ capture suite; collaboration supports development roadmap for Southern Energy Renewables

    NEW ORLEANS, LA / ACCESS Newswire / March 13, 2026 / Southern Energy Renewables Inc. (“Southern”), a U.S.-based producer of low-cost fuels made from biomass, with a flagship Louisiana project that plans to utilize regional wood-waste biomass to deliver green methanol and carbon-negative sustainable aviation fuel (“SAF”) at scale, today announced that Southern and Axens have signed a memorandum of understanding (“MoU”) to collaborate on the development of sustainable aviation fuel (“SAF”) and related fuel projects, with an initial focus on Southern’s planned biomass‑to‑fuel facility in Louisiana.

    Axens is a global provider of process technologies, equipment, catalysts, and services for the conversion of oil and biomass into cleaner fuels, renewable fuels and bio‑based chemicals, natural gas treatment, and carbon capture solutions. The company’s portfolio includes more than 3,000 industrial units under license worldwide and a full suite of solutions from feasibility studies through unit start‑up and lifecycle support.

    Under the MoU, Southern is responsible for leading overall project development, including site work, permitting, feedstock and offtake engagement, and coordination with local stakeholders. Axens is slated to serve as licensor‑of‑record for key technologies across the value chain, including CO₂ capture and conditioning and SAF production technologies, with the goal of advancing a de‑risked, bankable pathway from regional biomass to low‑carbon fuels. The parties expect to focus first on the Louisiana facility, then evaluate additional opportunities in other regions as appropriate.

    In parallel with the Axens collaboration, Southern has created an experimental digital token referred to as “$SAF.” The current concept is to use $SAF over time as a data layer that helps track and visualize production from Southern’s facilities, starting with limited use at the pilot plant and, subject to further development and approvals, extending to the flagship Louisiana project. The framework is intended to link token issuance and retirement to measured output and associated operational data, with the goal of improving traceability around SAF production and providing an additional lens on process performance and optimization, without changing how the underlying fuels are produced, sold, or accounted for.

    “Our strategic alliance with Axens is an important step in our mission to support the United States in strengthening its energy leadership and advancing synthetic fuels,” said Nevin Smalls, Chief Strategy Officer of Southern Energy Renewables. “Axens brings a complete, proven suite of technologies from CO₂ capture through SAF production, together with deep experience executing projects around the world. The best part is we are providing a solution that will compete globally that provides synthetic aviation fuel at jet parity without subsidies.

    “We are providing to Southern Energy Renewables a complete suite of technologies from the capture of CO₂ until the production of SAF to remove technology risk from the equation,” said David Schwalje, VP of Emerging Market Development at Axens. “We plan to share our extensive knowledge and experience in project development, gathered from projects developed worldwide in the emerging SAF and CO₂ spaces. We believe in collaboration, and that partnering spirit is key to navigating the first phases of the project all the way to the operation of the plant. Together, we can turn technology and commercial innovation into industrial reality.”

    The MoU is non‑binding and outlines the framework for cooperation between Southern and Axens. Specific projects, contractual terms, and implementation steps remain subject to further negotiation, due diligence, and approvals by the parties and, where applicable, by regulators and financing partners. Nothing in this announcement is, or should be construed as, an offer to sell or a solicitation of an offer to buy $SAF or any other digital asset.

    No Offer or Solicitation

    This communication is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities.

    Cautionary Note Regarding Forward-Looking Statements

    This communication contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act that involve substantial risks and uncertainties including statements regarding the development of Southern’s proposed SAF plant, Southern’s ability to produce and sell SAF in commercial quantities, and Southern’s ability to obtain financing in order to develop its SAF plant.

    Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by words such as “aim,” “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “plan,” “could,” “would,” “project,” “predict,” “continue,” “target,” “objective,” “goal,” “designed,” or the negatives of these words or other similar expressions that concern Southern’s expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, expectations, and assumptions that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by such forward-looking statements.

    We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual results may differ materially from any plans, estimates, or expectations in such forward-looking statements.

    Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that may cause actual results, developments or outcomes to differ materially from those expressed or implied by such statements. Important factors that could cause actual results, developments or outcomes to differ materially include, among others: (1) changes in domestic and foreign business, market, financial, political, regulatory and legal conditions; (2) the risk that Southern’s SAF plant development is delayed, not completed on the anticipated timeline, or requires additional capital beyond current expectations; (3) the risk that Southern does not obtain sufficient financing to develop the plant; (4) the inability of the parties to agree on mutually acceptable definitive agreements; (5) the occurrence of events, changes or other circumstances that could give rise to the termination of the MoU or any related negotiations, or that could result in disputes or litigation relating to the interpretation, enforceability or performance of the MoU; and (6) other economic, business, competitive, operational or financial factors beyond management’s control.

    The MoU does not obligate the parties to consummate any transaction. The consummation of the proposed transaction remains subject to the negotiation, execution and delivery of definitive agreements. There can be no assurance that any definitive agreements will be entered into or that the proposed transaction will be consummated on the terms described herein or at all.

    Any forward-looking statements speak only as of the date of this communication. Southern does not undertake any obligation to update any forward-looking statements, whether as a result of new information or developments, future events, or otherwise, except as required by law. Neither future distribution of this communication nor the continued availability of this communication in archive form on Southern’s website should be deemed to constitute an update or re-affirmation of these statements as of any future date.

    Notice Regarding DevvStream Corp.

    DevvStream Corp. (NASDAQ:DEVS) has authorized the use of its name in this press release solely in connection with a previously announced proposed transaction involving DevvStream, details of which are described in DevvStream’s filings with the U.S. Securities and Exchange Commission. DevvStream is not a party to the Memorandum of Understanding between Southern and Axens described herein, and its inclusion in this communication does not constitute an endorsement of, or any representation regarding, the Southern-Axens collaboration or any related matters. Certain statements in this press release that reference DevvStream may constitute forward-looking statements within the meaning of applicable securities laws; such statements are subject to risks and uncertainties that could cause actual results to differ materially, and investors are urged to review DevvStream’s SEC filings, available at www.sec.gov and at www.devvstream.com/investors/, for a description of those risks. This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities of DevvStream.

    About Southern Energy Renewables

    Southern Energy Renewables Inc. is a U.S.-based clean fuels, chemicals and products developer focused on advancing large-scale biomass-to-fuels projects. These projects are designed to produce carbon-negative SAF and green methanol, supported by integrated carbon capture and sequestration.

    Visit southernenergyrenew.com for more information.

    To learn more, visit www.southernenergyrenew.com.

    About DevvStream (NASDAQ:DEVS)
    DevvStream Corp. (NASDAQ:DEVS) is a carbon management company focused on the development, investment, and sale of environmental assets worldwide, including carbon credits and renewable energy certificates.

    To learn more, visit www.devvstream.com.

    About Axens
    The Axens Group (www.axens.net) offers a complete range of solutions for the conversion of oil and biomass into cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics, natural gas treatment and conversion options, water treatment and carbon capture. Their offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility studies to start-up and monitoring of units throughout their lifecycle. This unique position guarantees optimum performance and a reduced environmental footprint. Axens’ international offering is based on highly qualified human resources, modern production facilities and an extensive global network for industrial, technical support and sales services. Axens is an IFP Energies Nouvelles Group company.
    To find out more, visit our website, and follow us on LinkedIn.

    SOURCE: Southern Energy Renewables Inc.

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