Wilbur Watch Co. Named 2024 American Watch Brand of the Year

WILBUR LEO WATCH
WILBUR LEO

Details of the spectacular workings of the WILBUR LEO watch movement

NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) — Wilbur Watch Co. is proud to announce that it has been voted the 2024 American Watch Brand of the Year at the prestigious WatchPro Awards in New York City. This esteemed award recognizes the innovative craftsmanship, forward-thinking design, and unparalleled commitment to excellence that Wilbur Watch Co. has embodied since its inception.

The WatchPro Awards, one of the most respected accolades in the watchmaking industry, are determined by votes from leading industry professionals, including retailers, brands, and insiders. In a highly competitive year, Wilbur Watch Co. stood out for its bold designs and precision engineering, pushing the boundaries of modern horology.

“We’re not here to follow the rules; we’re here to break them. This award is a testament to disrupting the ordinary and creating something daring, unapologetic, and unforgettable,” said Jason Wilbur, Founder and CEO of Wilbur Watch Co. “This is just the beginning. We’re redefining what it means to wear a watch, and we’re grateful to everyone who believes in our mission to push beyond the expected.”

The ceremony, held on the evening of September 4th, 2024, celebrated the finest in the watch industry, and Wilbur Watch Co.’s win underscores its commitment to reshaping the landscape of luxury timepieces.

For more information about Wilbur Watch Co. and its award-winning collections, visit WilburCo.com.

About Wilbur Watch Co.
Wilbur Watch Co. is an American-based watch brand known for its avant-garde designs, precise engineering, and dedication to innovation. With each timepiece, Wilbur challenges the conventions of traditional watchmaking to deliver a bold, unapologetic statement in horology.

Watch Pro Awards – American Watch Brand of the Year
wp award 2

Wilbur Watch Co. voted American Watch Brand of the Year

Photos accompanying this announcement are available at:

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Concierge@WilburWatchCo.com

GlobeNewswire Distribution ID 9230129

AI-Media and Speechmatics Announce Strategic Partnership to Evolve Captioning and Language Services Technologies

AI-Media and Speechmatics Partnership

AI-Media and Speechmatics today announce a strategic expansion of their multi-year partnership to deliver new and better AI-driven products to market.

BROOKLYN, N.Y., Sept. 13, 2024 (GLOBE NEWSWIRE) — AI-Media – the global leader in audiovisual encoding technology and AI-driven transcription and translation solutions, and Speechmatics – the market leader in speech recognition technology, today announce a strategic expansion of their multi-year partnership to deliver new and better AI-driven products to market.

This partnership brings together Speechmatics’ leading speech-to-text technology and AI-Media’s unique iCap-based encoding appliances and secure network that seamlessly embeds the technology within customers’ existing workflows and automation systems.

By integrating these capabilities, AI-Media’s LEXI 3.0 has been the first AI product to overtake the quality of human-in-the-loop alternatives in the live video market – at a fraction of the cost.

Tony Abrahams, CEO of AI-Media, shared his thoughts on the partnership:

“Our data derived from the performance of LEXI 3.0 has shown Speechmatics to be one of our most trusted engines over the last two years, consistently delivering accurate results that continue to improve. This partnership brings our two companies even closer as we co-develop and ideate innovative solutions for the future of captioning and translation.

Together, we will create solutions that are accurate, reliable and adaptable to the diverse needs of our global clientele.

This collaboration deepens the partnership that has seen AI-Media’s iCap encoding ecosystem emerge as the leading choice of broadcasters and government customers around the world looking to get the best possible performance from these game changing AI technologies from Speechmatics.”

By leveraging Speechmatics’ advanced speech recognition engine and AI-Media’s cutting-edge workflow and encoding technologies, this partnership addresses the diverse and complex needs of various industries, from broadcasting to government and enterprise sectors.

The partnership broadens Speechmatics’ reach by integrating its core technology into AI-Media’s LEXI 3.0 product.

Extending the success of LEXI 3.0 into the European broadcast market is a near term objective – Speechmatics’ emerging multilingual capabilities align perfectly with AI-Media’s growth plans.

A Vision for the Future

This new partnership elevates AI-Media to become Speechmatics’ largest live captioning market partner, marking a significant milestone in their collaboration.

“Speechmatics has become the leading Automatic Speech Recognition (ASR) provider within broadcast because of our high accuracy and low latency across multiple languages, both live and offline. AI-Media has successfully integrated our technology into their market leading broadcast infrastructure to achieve impressive growth in their chosen markets, and this strategic partnership brings closer collaboration to allow for more rapid innovation and agility. As a result, global broadcasters will continue to get the best captioning service on the market and our combined strength in AI driven captioning can be utilised in a broader array of verticals,” said Katy Wigdahl, CEO of Speechmatics.

Together, AI-Media and Speechmatics are committed to integrating best-in-class technologies to set new industry standards. This collaboration is not just a technical integration but a partnership of vision and innovation, aimed at continuously evolving and adapting to the dynamic demands of the global language services market.

Visit AI-Media at IBC 2024

Experience AI-Media’s latest innovations at IBC 2024 and discover why broadcasters and organisations worldwide trust AI-Media and LEXI to transform their captioning workflows. To book a 1:1 meeting click HERE. For more information, visit ai-media.tv.

About AI-Media

Founded in Australia in 2003, AI-Media is a pioneering technology company specialising in AI language and captioning workflow solutions.

As a global leader, AI-Media provides high-quality AI-powered live and recorded captioning and translation technology and solutions to a diverse range of customers and markets worldwide.

For the first time in February 2024, AI-Media unveiled groundbreaking data showcasing the superiority of its AI captioning product, LEXI, over traditional more expensive human workflows in the live video market.

With deep industry experience and sophisticated AI technology to create solutions which streamline and simplify processes, AI-Media empowers leading broadcasters, enterprises and government agencies globally to ensure seamless accessibility and inclusivity of their content.

AI-Media (ASX: AIM) commenced trading on the ASX on 15 September 2020.

Visit Speechmatics at IBC 2024

Join Speechmatics at IBC 2024 and explore the latest advancements in Automatic Speech Recognition (ASR) technology. Discover why leading broadcasters and organizations like AI Media trust Speechmatics for real-time, accurate, and scalable ASR solutions. To schedule a 1:1 meeting, click HERE. For more information, visit speechmatics.com

About Speechmatics

Speechmatics is a global leader in Automatic Speech Recognition (ASR) technology, trusted by the biggest brands in the media and broadcasting industry. Our cutting-edge ASR solutions deliver the lowest latency and highest accuracy in the market, providing broadcasters with the fastest, most reliable real-time transcription services available.

Pioneering Innovation in ASR: We continuously push the boundaries of ASR technology to ensure our customers stay ahead. Our solutions not only capture spoken words but also recognize audio events such as laughter, applause, and music, setting us apart from the competition.

We’re excited to introduce Ursa 2, our latest breakthrough mode, offering an 18% reduction in errors across 50 languages, including enhanced support for Arabic dialects, Irish, and Maltese—bringing our language coverage to all 24 official EU languages. With latency reduced to under 1 second, Ursa 2 enhances real-time transcription at lightning-fast speed without compromising accuracy.

For broadcasters and organizations aiming for precision and speed in their captioning workflows, Speechmatics is the go-to choice.

Media Contact: Fiona Habben – Fiona.habben@ai-media.tv

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5929ce95-d0a8-4632-a788-8e90065db860

GlobeNewswire Distribution ID 9229707

Zenas BioPharma Announces Pricing of Upsized Initial Public Offering

WALTHAM, Mass., Sept. 12, 2024 (GLOBE NEWSWIRE) — Zenas BioPharma, Inc. (“Zenas”), (Nasdaq: ZBIO) a clinical-stage global biopharmaceutical company committed to being a leader in the development and commercialization of transformative immunology-based therapies, today announced the pricing of its upsized initial public offering of 13,235,294 shares of its common stock at an initial public offering price of $17.00 per share. All of the shares are being offered by Zenas. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately $225.0 million. Zenas’ common stock is expected to begin trading on the Nasdaq Global Select Market on September 13, 2024 under the ticker symbol “ZBIO”. The offering is expected to close on September 16, 2024, subject to the satisfaction of customary closing conditions. In addition, Zenas has granted the underwriters a 30-day option to purchase up to an additional 1,985,294 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

Morgan Stanley, Jefferies, Citigroup, and Guggenheim Securities are acting as joint book-running managers for the offering.

Registration statements relating to the shares being sold in the offering have been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on September 12, 2024. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at prospectus@morganstanley.com; and from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at (877) 821-7388, or by email at Prospectus_Department@Jefferies.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Zenas BioPharma, Inc.

Zenas is a clinical-stage global biopharmaceutical company committed to becoming a leader in the development and commercialization of transformative immunology-based therapies for patients in need. Our core business strategy combines our experienced leadership team with a disciplined product candidate acquisition approach to identify, acquire and develop product candidates globally that we believe can provide superior clinical benefits to patients living with autoimmune diseases. Zenas’ lead product candidate, obexelimab, is a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb, which are broadly present across B cell lineage, to inhibit the activity of cells that are implicated in many autoimmune diseases without depleting them.

Forward-Looking Statements

This press release contains forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, including statements about the completion, timing and size of the initial public offering and the commencement of trading on the Nasdaq Global Select Market. Each forward-looking statement is subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the initial public offering discussed above will be completed on the terms described or at all. Completion of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond the control of Zenas, including, without limitation, market conditions, failure of customary closing conditions and the factors discussed in the “Risk Factors” section of the prospectus that forms a part of the registration statement, in the form last filed with the SEC. These forward-looking statements speak only as of the date of this press release and Zenas undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:
Matthew Osborne
Investor Relations and Corporate Communications
Matt.osborne@zenasbio.com

Media Contact:
Argot Partners
Zenas@argotpartners.com

GlobeNewswire Distribution ID 9230259

EU, UN celebrate completion of Key Project to Support Local Authorities in Lebanon

The European Union (EU), in collaboration with the United Nations Development Programme (UNDP) and the United Nations Human Settlements Programme (UN-Habitat), celebrated the successful conclusion of the Municipal Empowerment and Resilience Project (MERP). Funded by more than US$16 million from the EU, the project has helped local authorities in Lebanon strengthen their services and resilience, especially in response to the Syrian crisis and Lebanon's economic struggles. The event, held under the patronage of H.E. Judge Bassam Mawlawi, Minister of Interior and Municipalities, represented by Ms. Faten Abou Hassan, Director General of Local Administrations and Councils, gathered representatives from municipalities, national institutions, NGOs, and policymakers. The conference focused on the challenges faced by local authorities and explored ways to improve their operations and support. Over the past five years, MERP has been working to improve the capacities of local authorities in Lebanon. The project helpe d municipalities engage in community-based planning, deliver better services, and support local economic development. MERP also worked closely with the Ministry of Interior and Municipalities to strengthen the environment for local governance. In her remarks, Ms. Faten Abou Hassan said: 'Lebanese municipalities have been hit hard by the economic crisis, with their revenues shrinking and their ability to serve communities under pressure. Despite these difficulties, our municipalities have shown great resilience, but they need continued support to function effectively. I call on donors to provide the assistance needed to overcome the challenges and help municipalities better serve their people.' Ms. Blerta Aliko, UNDP's Resident Representative, stated: "The Municipal Empowerment and Resilience Project has strengthened local authorities in Lebanon, helping both host communities and displaced populations. We look forward to building on this foundation and continuing our support for local authorities." Ms. Tain a Christiansen, Head of UN-Habitat in Lebanon, added: "Through MERP, we have equipped local authorities with tools for better planning and service delivery. Our goal has been to improve local governance in Lebanon, and we hope to continue these efforts." Mr. Samy Saadi, Deputy Head of the EU Delegation in Lebanon, emphasized the EU's commitment: "The EU believes in the important role of local authorities in improving people's lives, from providing essential services to driving economic development. Through MERP, we have supported municipalities in responding to their communities' needs, but it is now up to Lebanese authorities to continue empowering their municipalities." Following these opening remarks, MERP Project Manager, Ms. Rana El Khawand, gave a presentation highlighting the project's key achievements. The event concluded with a panel discussion that brought together experts, policymakers, and development partners to discuss opportunities for enhancing local governance and economic development in Le banon. Source: National news agency - Lebanon

AI Catalyst Bootcamp to Enhance Entrepreneurs’ Capabilities in AI Concludes

The Center for Digital Entrepreneurship "CODE" at King Faisal University and the Abdulmonem Alrashed Humanitarian Foundation concluded the AI Catalyst Bootcamp, which aimed to enhance the capabilities of entrepreneurs and innovators in AI by equipping participants with the technical and professional skills necessary to establish specialized startups. The event was organized in partnership with the Abdulmonem Alrashed Humanitarian Foundation, the National Transformation Program, the National Information Technology Development Program, and the Small and Medium Enterprises General Authority (Monsha'at), represented by the Innovation Center. The event was attended by a distinguished group of entrepreneurs, innovators, and representatives of tech companies. Among the notable innovative projects participating in the bootcamp were platforms such as "Ananas," which uses AI to improve food quality through a virtual community, "Muqallam," which supports content creation and social media management to enhance mar keting strategies, and "ResearchMate," a project that connects researchers and helps develop their academic skills to achieve outstanding research outcomes. The bootcamp is a vital initiative to support Saudi youth and empower them to enter the world of tech entrepreneurship, turning creative ideas into entrepreneurial projects capable of competing locally and globally. Source: Saudi Press Agency

Imam of Grand Mosque of Makkah Leads Friday Prayer in South Africa

Imam and Khatib of the Grand Mosque of Makkah Dr. Yasser Al-Dossary delivered the Friday sermon at Dar Al-Salam Mosque in Pretoria, South Africa, attended by senior officials and large numbers of worshippers who came from various regions of South Africa. This sermon delivery is part of Al-Dossary's official trip, organized by the Ministry of Islamic Affairs, Dawah and Guidance, represented by the religious attaché office at the Saudi Embassy in South Africa. Source: Saudi Press Agency

Conclusion of 1st Round of GCC-Indonesia Free Trade Agreement Negotiations

The first round of negotiations on the free trade agreement between the Gulf Cooperation Council (GCC) countries and Indonesia, which was held from September 9 to 13, concluded in the Indonesian capital, Jakarta. The Kingdom represented by the General Authority of Foreign Trade and 11 other government agencies. The negotiations tackled several topics, such as trade in goods and services, investment, customs procedures, rules of origin, technical barriers to trade, sanitary and phytosanitary measures, trade facilitation, digital trade, and trade remedies. The discussions aim to set the principles on which negotiations will proceed concerning these topics, create a framework for the upcoming negotiating rounds, and establish the desired objectives in an effort to conclude the agreement within 24 months. The Deputy Governor of the General Authority of Foreign Trade for International Organizations and Agreements and Head of the Saudi negotiating team, Farid bin Saeed Al-Asali, expressed optimism for the su ccessful conclusion of the first round of negotiations, which reflects the joint determination to strengthen economic and trade relations between the GCC countries and the largest economy in Southeast Asia, for being a significant step towards building a robust strategic partnership. He indicated his confidence in the upcoming rounds of negotiations to witness remarkable progress, given the commitment of all parties to reach an agreement that guarantees further trade and investment opportunities between the two sides, leading to mutual economic growth and prosperity and contributing to achieving the economic vision of both sides. The Kingdom's delegation at this round is led by the General Authority of Foreign Trade. It includes representatives of the ministries of commerce, energy, investment, environment, water and agriculture, industry and mineral resources, and economy and planning, as well as from the Saudi Food and Drug Authority, the Zakat, Tax and Customs Authority, the Saudi Standards, Metrology an d Quality Organization, the Saudi Export Development Authority, and the Saudi Central Bank. The General Authority of Foreign Trade works to enhance the Kingdom's international trade gains, increase its international presence, and effectively participate in international organizations, thereby achieving common goals and sustainable development. Source: Saudi Press Agency

With Saudi Participation, Startup20 Summit Kicks off in Sao Paulo, Brazil

The Startup20 Summit has commenced in Sao Paulo, Brazil. A Saudi delegation led by Prince Fahd bin Mansour bin Nasser bin Abdulaziz, Head of the Saudi Startup Group within the G20, is participating in the summit in partnership with NEOM, the entity supporting Saudi participation in Startup20. Saudi Arabia's participation in this global summit aims to highlight its efforts to support entrepreneurship and innovation. The event featured an accompanying Saudi exhibition showcasing key initiatives and programs launched by the Kingdom to enhance the entrepreneurial environment. The event also saw panel discussions that brought together Saudi and international experts to discuss the best practices in innovation and the development of integrated entrepreneurial ecosystems. Cooperation agreements were also signed under the umbrella of the Startup Bridge initiative, which aims to boost investment cooperation between Saudi and Brazilian startups. Saudi Arabia's participation in the summit reflects its commitment to fostering international cooperation in the field of entrepreneurship and exchanging expertise with countries around the world, contributing to sustainable economic development. Source: Saudi Press Agency

Saudi National Committee for Education, Culture, and Science Establishes Saudi Creative Cities Network Committee

The Saudi National Committee for Education, Culture, and Science, affiliated with the Ministry of Culture, has announced the establishment of the Saudi Creative Cities Network Committee following a proposal by the Culinary Arts Commission. This committee aims to benefit from best practices that enhance cultural participation among cities by integrating culture into urban development plans in Saudi cities. Al-Ahsa is a creative city in crafts and folk arts, Buraidah is a creative city in culinary arts, and Taif is a creative city in literature. Secretary General of the National Committee for Education, Culture and Science Ahmed bin Abdulaziz Al-Bulahid stressed that the Saudi Creative Cities Network Committee will work on fostering integration among members at the level of communication officials for UNESCO Creative Cities. The committee aims to exchange expertise among Saudi creative cities and ensure that all membership targets are achieved. The committee will also provide support for local cultural i nitiatives in these cities, contribute to their activation and promotion, and coordinate participation in cultural events at the local, regional, and international levels. Source: Saudi Press Agency

GAIN Summit Honours Culture Ministry with AI Ethics Medal

The Ministry of Culture was presented with the Artificial Intelligence (AI) Ethics Medal for 2024 in recognition of its innovative work in this area on the sidelines of the 3rd Global AI Summit 2024 (GAIN Summit), held in Riyadh by the Saudi Data and Artificial Intelligence Authority (SDAIA). Because of its dedication to applying ethical standards to the use of AI technology, the Ministry of Culture was one of the first institutions to embrace the AI ethics project in September 2022, thus winning this award. The AI ethics initiative is a part of the ongoing government efforts to back the kingdom's AI national strategy. Its goals include bolstering economic growth, establishing clear guidelines for AI ethics, and supporting and promoting research and innovation in the field. Source: Saudi Press Agency