Bitget Launches AI Trading Avatars based on Seven Trading Strategies

VICTORIA, Seychelles, Dec 1 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has launched six all-new AI trading avatars inside GetAgent, marking a major step toward next-generation smart trading.

As traders across the world test how well leading AI models like ChatGPT, Gemini and DeepSeek perform when placed into real trading environments, Bitget offers something more tangible: a lineup of AI traders with distinct personalities, strategies, and market philosophies, all running live, trading real accounts, and fully available for one-click copy trading.

Each avatar represents a different school of trading logic, ranging from conservative hedging and major-coin momentum to high-beta altcoin breakouts, contrarian reversals and mechanical execution. These include Steady Hedge, Majors Momentum, Altcoin Turbo, CTA Force, Infinite Grid, Dip Sniper, and DeepSeek (base model). All strategies have been built using a multi-factor library of professional trading indicators, extensive backtesting, and iterative refinement inside GetAgent.

From 18:00 on November 24 to 18:00 on December 15 (UTC+8), GetAgent users can access a limited one-click copy trading channel, selecting the avatar that aligns most closely with their trading personality. Each AI trader executes autonomously in real time, and users can follow every entry, exit, drawdown and adjustment directly in the Model Arena. With transparent performance curves, strategy documentation and real execution data, the experience offers a front row seat into how different trading strategies act under market pressure.

To encourage exploration, Bitget has launched a 10,000 USDT airdrop pool for participating users. Anyone who successfully copy-trades and sends one message to GetAgent qualifies for the reward share, and the first 100 copy trading users each day will receive contract copy trading vouchers worth up to 100 USDT.

“People want solutions they can actually use to trade,” said Gracy Chen, CEO of Bitget. “These avatars make trading feel more personal and more approachable. Whether someone prefers momentum, hedging, or contrarian plays, there’s now an AI companion that thinks the way they do.”

Instead of copying blindly, users can speak directly to each avatar. GetAgent allows traders to ask why an avatar entered a position, how it sets stop-loss levels, what signals it prioritizes, and how it adapts to different market cycles. New traders gain clarity and confidence, while experienced users can stress-test ideas or explore unfamiliar strategies without risk to their core portfolios.

DeepSeek, included in the lineup as an unmodified base model, serves as a benchmark. At the end of the trading camp, Bitget will publish a comparative review of how each avatar performed relative to DeepSeek, offering one of the industry’s first real-world studies on AI trading behavior across different agent designs.

Whether a trader resonates with Steady Hedge’s caution, Altcoin Turbo’s appetite for volatility, or Infinite Grid’s range-based logic, GetAgent offers a way to match strategies with preference, bringing a new layer of relatability to AI-assisted trading. Bitget’s six trading avatars bring that transparency into a single interface, powered by UEX’s infrastructure and GetAgent’s intelligent execution.

For more information and live performance tracking of the seven avatars, visit here.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets, while offering real-time access to Bitcoin price, Ethereum price, XRP price, and other cryptocurrency prices, all on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet is an everyday finance app built to make crypto simple, secure, and part of everyday finance. Serving over 80 million users, it bridges blockchain rails with real-world finance, offering an all-in-one platform for on- and off-ramping, trading, earning, and paying seamlessly.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet 

For media inquiries, please contact: media@bitget.com  

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use. 
 
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/933942b0-732f-49bf-8573-0096ca92b73b 

SOURCE: Bitget Limited

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

--BERNAMA​

AM BEST: HONG KONG FIRE TO HIT REINSURERS, PRESSURE PROPERTY TREATY TERMS

KUALA LUMPUR, Dec 2 (Bernama) -- Global credit rating agency, AM Best expects a significant share of losses from the deadly Hong Kong apartment fire to flow to reinsurers—a shift that could halt downward pressure on Hong Kong property reinsurance rates despite a globally softening market.

In its new Best’s Commentary, “Hong Kong Fire Expected to be Credit Negative for (Re)Insurers”, the credit rating agency notes that residential property all-risk policies have been viewed as low-severity exposures by Hong Kong insurers. The Tai Po high-rise blaze, however, exposes the scale of risk accumulation in dense urban condominiums.

“Loss-impacted proportional treaties will likely see commission reductions in subsequent years as a form of payback,” said AM Best senior director and head of analytics, Christie Lee in a statement.

She added that stricter underwriting standards—including unbundled coverages, more exclusions and tighter exposure controls—are expected.

In its new Best’s Commentary, “Hong Kong Fire Expected to be Credit Negative for (Re)Insurers”, the credit rating agency notes that residential property all-risk policies have been viewed as low-severity exposures by Hong Kong insurers. The Tai Po high-rise blaze, however, exposes the scale of risk accumulation in dense urban condominiums.

Losses are expected to be substantial across multiple lines—property, engineering, public liability, third-party liability, employee compensation, personal accident, motor and life insurance.

Property losses are anticipated to dominate general insurance claims, underscoring significant protection gaps in public liability, third-party liability, and professional indemnity coverage.

Primary insurers typically rely on a mix of facultative, proportional and non-proportional reinsurance programmes, meaning reinsurers will likely absorb a material portion of the gross incurred loss. With the Jan 1 renewal season approaching, AM Best said the event may prompt premium increases and tighter treaty terms.

The fire at Wang Fuk Court also adds to Hong Kong’s turbulent 2025, following record-breaking August rainfall and a series of Black Rainstorms. Preliminary estimates of US$200 million or more suggest the gross loss could reach nearly half the scale of 2018’s Typhoon Mangkhut, which caused roughly US$400 million in damage, according to the Hong Kong Federation of Insurers. (US$1=RM4.12)

-- BERNAMA

NORTH ATLANTIC FRANCE COMPLETES ACQUISITION OF ESSO S.A.F., EXXONMOBIL CHEMICAL FRANCE

KUALA LUMPUR, Dec 1 (Bernama) -- North Atlantic France SAS (North Atlantic France) announced the successful closing of its acquisition of an 82.89 per cent controlling interest in Esso Société Anonyme Française SA (Esso S.A.F.) at 26.19 euros per share and 100 per cent of ExxonMobil Chemical France SAS (EMCF) from ExxonMobil France Holding SAS (ExxonMobil), following a competitive auction process initiated in 2024. (1 Euro = RM4.79)

The transaction has received all required regulatory approvals, including French foreign direct investment authorisation and clearance under the European Union Foreign Subsidies Regulation.

Esso S.A.F. has been renamed North Atlantic Energies, marking a new chapter for the Gravenchon site in France’s energy and industrial landscape.

“This acquisition represents a major step forward in North Atlantic’s international expansion. Over the past four decades, we have successfully transformed and operated complex industrial assets across Canada, combining safety, performance, and sustainability.

“With the creation of North Atlantic Energies, we are proud to establish a bridge between North America and Europe which reflects our ambition to build a premier transatlantic energy group,” said North Atlantic Group President and Chief Executive Officer, Ted Lomond.

In a statement, North Atlantic reaffirmed its long-term commitment to the Gravenchon site, its employees, and France’s energy and industrial future.

North Atlantic Energies will maintain high standards of product quality and service while continuing collaboration with ExxonMobil under long-term supply and technology agreements to ensure operational continuity, innovation, and reliability.

In addition, North Atlantic France will implement a simplified tender offer for the remaining North Atlantic Energies shares not already held by the company, at an offer price of 28.93 euros per share.

-- BERNAMA

SINTX, EVONIK INK SUPPLY DEAL TO SCALE SILICON NITRIDE-PEEK FOR AI-DESIGNED IMPLANTS

KUALA LUMPUR, Dec 2 (Bernama) -- SINTX Technologies Inc (SINTX) has signed a supply agreement with Evonik Corporation (EVONIK) to manufacture its proprietary silicon nitride–PEEK (SiN/PEEK) compound for artificial intelligence (AI)‑assisted additive manufacturing of patient‑specific implants.

Under the agreement, EVONIK will produce SiN/PEEK compound at commercial scale to SINTX’s specifications, enabling immediate production of AI-designed, 3D-printed implants using SINTX’s existing United States (US)-based production facility, according to a statement.

SINTX has already fielded physician requests for humanitarian-use vertebral body replacement implants for orthopaedic and neurosurgical oncology cases. The company also plans to use the compound in regulatory submissions for both patient-matched and traditionally manufactured devices.

SINTX Chairman, President & Chief Executive Officer, Eric K. Olson said the collaboration unites EVONIK’s polymer expertise with SINTX’s biomaterial strengths to deliver next-generation implants with antipathogenic, osteogenic, and imaging advantages over standard PEEK.

Meanwhile, EVONIK head of Medical Devices & Systems market segment, Marc Knebel said the partnership aims to ensure consistent quality, supply reliability, and scalability as both companies expand data generation for future device applications.

The SiN/PEEK blend is engineered for antipathogenic surface behaviour, osteogenic support, improved visualisation, and design freedom using AI-assisted additive manufacturing—key attributes for complex, high-risk procedures.

Both parties expect to make the compound available to other qualified manufacturers for advanced implant applications.

Headquartered in Salt Lake City, Utah, SINTX is an advanced ceramics and biomaterials company that develops, manufactures, and commercialises silicon nitride biomaterials, composites, devices, and related technologies for medical and other high-value applications.

-- BERNAMA

Stellar Trading Systems and Abaxx Exchange Partner to Expand Market Access

 

Stellar Trading Systems now offers full connectivity to Abaxx Exchange, enabling its global trading clients to access Abaxx’s growing suite of commodity futures contracts directly through Stellar platforms


SINGAPORE, Dec 1 (Bernama-GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, together with Stellar Trading Systems Ltd. (“Stellar”), a leading independent software vendor providing front-office execution software to global trading firms, today announced the completion of full connectivity between Stellar’s suite of trading platforms and the Abaxx Exchange.

With connectivity now live, Stellar becomes the latest trading technology provider offering access to Abaxx Exchange. The integration connects Abaxx’s growing suite of commodity futures contracts with Stellar’s low latency solutions, spreadMachine, Quantum Server, MarketMaker, and Server API products, giving traders seamless access to Abaxx markets through the Stellar ecosystem.

Stellar’s strong connectivity to the world’s primary gold futures markets — SHFE, TOCOM, COMEX, TFEX, DGCX, and MCX — and to spot, forward, and NDF (non-deliverable forward) gold liquidity aligns directly with Abaxx’s precious metals suite, including the only physically-deliverable, USD-denominated gold futures contract in Singapore. In parallel, Stellar’s established infrastructure for trading battery materials complements Abaxx’s expanding portfolio of contracts across the sector. Trading firms already active in these markets through Stellar can now extend their activity to Abaxx’s futures benchmarks through a connected trading environment.

“We’re pleased to welcome Stellar Trading Systems to Abaxx Exchange,” said Shanmei Lim, Chief of Markets at Abaxx Exchange. “Connecting Stellar’s global client base to Abaxx’s new commodity futures benchmarks expands access for market participants and reinforces the commercial ecosystem developing across our growing suite of futures contracts.”

“Our integration with Abaxx Exchange extends Stellar’s high-performance trading environment to the next generation of commodity futures benchmarks,” said Steve Thomas, CEO at Stellar Trading Systems. “Stellar’s platforms serve institutions, brokers, and proprietary firms that demand speed, precision, and reliability. This integration extends that same performance to Abaxx markets through the advanced infrastructure connecting more than 60 global venues.”

About Abaxx Technologies
Abaxx Technologies is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transition.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore Pte. Ltd., the owner of Abaxx Exchange and Abaxx Clearing, and the parent company of wholly owned subsidiary Abaxx Spot Pte. Ltd., the operator of Abaxx Spot.

Abaxx Exchange delivers the market infrastructure critical to the shift toward an electrified, low-carbon economy through centrally-cleared, physically-deliverable futures contracts in LNG, carbon, battery materials, and precious metals, meeting the commercial needs of today’s commodity markets and establishing the next generation of global benchmarks.

Abaxx Spot modernizes physical gold trading through a physically-backed gold pool in Singapore. As the first instance of a co-located spot and futures market for gold, Abaxx Spot enables secure electronic transactions, efficient OTC transfers, and is designed to support physical delivery for Abaxx Exchange’s physically-deliverable gold futures contract, providing integrated infrastructure to deliver smarter gold markets.

Adaptive Infrastructure closes critical gaps in post-trade infrastructure by providing a unified custodial foundation across environmental markets and digital title assets. Incorporated in Barbados and regulated by the Financial Services Commission of Barbados, the company delivers institutional-grade custody, settlement, and transfer agency services designed to reduce risk and improve reliability across asset classes.

For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media

For more information about this press release, please contact:

Steve Fray, CFO
Tel: +1 647-490-1590

Media and investor inquiries:

Abaxx Technologies Inc.
Investor Relations Team
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

In particular, this press release contains forward-looking statements including, without limitation, statements regarding the expansion of Abaxx’s product suite, the development of world energy markets, the integration of Stellar’s suite of trading platforms and the benefits therefrom. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release. 

SOURCE: Abaxx Technologies Inc.

Datavault AI Turns Raw Earth into Digital Power in $7 Million Deal with MTB Mining Ltd.

 

Partnership deal represents the intersection of AI, digital asset creation, and geology


PHILADELPHIA, Nov 25 (Bernama-GLOBE NEWSWIRE) -- via IBN – Datavault AI (“Datavault AI” or the “Company”) (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement, and real‑world asset digitization technologies, today announced a $7 million minting deal and a 30% perpetual royalty partnership with Tanzania-based MTB Mining Limited (MTB), setting the stage for what Datavault AI believes is the first major step forward in modernizing how mineral resources are verified, documented, and brought into global commerce with a unified transaction ledger. The deal redefines a commodity by digitizing Real World Assets (RWA) for monetization. Under Datavault AI’s patented Sumerian® technology, rare earth minerals are being transformed into verified, traceable, digitized assets to be traded on the forthcoming International Elements Exchange™.

This agreement with MTB delivers a blueprint for how physical assets evolve into digital assets.

Africa Steps into the Global Ledger

For generations, Africa supplied the raw materials that were integral in building modern industry. Today, MTB, headquartered in Tanzania, controls over 25 million metric tons of copper reserves and 2.44 square kilometers of proven mineral reserves. Through its alliance with Datavault AI, MTB’s resources are entering the global marketplace in digital form. Each unit of copper, gold, tin, or diamond will carry verified proof of origin, ownership, and value.

The partnership includes the Windsor Ruby, a gemstone that drew global attention when it was discovered near the village of Winza in 2007. Renowned for its deep crimson hue and near-perfect clarity, it rivaled the finest Burmese rubies and quickly drew attention from major luxury houses including Van Cleef & Arpels. Through Datavault AI’s Sumerian® Anchors, the Windsor Ruby will carry a permanent digital signature that is immutable and verifiable. Not only can Sumerian® Anchors provide verification for famous gemstones like the Windsor Ruby, the verification technology can be applied to any precious gemstone.

For Tanzania, where mining represents a vast amount of export value, digitally verifiable asset records represent more than a technological milestone; it is economic modernization. It opens the door for lending, collateralization, and cross-border trade using verified digital assets.

The Proof Economy Arrives

“This deal is a milestone for technology and transparency. By minting real world assets, we are creating compliant, transparent pathways to monetize natural wealth on a global scale,” said Nathaniel Bradley, Datavault AI Chief Executive Officer and co-founder.

Bradley’s message reflects Datavault AI’s broader mission: the Company is building the infrastructure for a data-driven economy where value is established by verification and trusted information.

While the numbers are compelling - a $7 million license fee - the innovative digital architecture provides the promise for future, similar transactions. The International Elements Exchange will operate as a virtual refinery, turning physical assets into digital evidence that can be traded, audited, and monetized.

About Datavault AI

Datavault AI™ (Nasdaq: DVLT) is leading the way in AI driven data experiences, valuation and monetization of assets in the Web 3.0 environment. The Company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The Company is headquartered in Philadelphia, PA. Learn more about Datavault AI at www.dvlt.ai.

Forward-Looking Statements

This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI and its industry that involve risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words, such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely” or “continue” or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding future events, Datavault AI’s partnership with MTB, including the potential royalty opportunities, the ability of tokenization of minerals and the potential for use in lending, collateralization and cross-border trade, Datavault AI’s business strategies, long-term objectives, and commercialization plans, the current and prospective technologies, planned developments and potential approvals, as well as the potential for market acceptance and related market opportunities, and other statements that are not historical facts. These statements are based on management’s current expectations and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Datavault AI. These statements are subject to a number of risks and uncertainties regarding Datavault AI’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, general economic, political, and business conditions; the ability of Datavault AI to achieve the benefits of the transactions contemplated pursuant to its partnership with MTB, including receipt of any royalty payments from MTB; the ability of Datavault AI to leverage the MTB transaction as a blueprint for digitizing minerals; the ability of Datavault AI to expand tokenization of minerals into the areas of lending, collateralization and cross-border trade; the ability of Datavault AI to develop and successfully market technologies; the ability of Datavault AI to grow and manage growth profitably and retain its key employees; the risk that the potential technologies that Datavault AI develops may not progress or receive required approvals within expected timelines or at all; risks relating to uncertainty regarding regulatory pathways; the risk that Datavault AI has overestimated the size of the target market, willingness to adopt new technologies, or partnerships; risks that prior results may not be replicated; regulatory and intellectual property risks; and other risks and uncertainties as more fully described in Datavault AI’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2024 and other filings that Datavault AI makes from time to time with the SEC, which are available on the SEC’s website at www.sec.gov, and could cause actual results to vary from expectations. There may be additional risks that Datavault AI presently does not know or that Datavault AI currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Datavault AI’s expectations, plans, or forecasts of future events and views as of the date of this communication. Datavault AI anticipates that subsequent events and developments will cause such assessments to change. However, while Datavault AI may elect to update these forward-looking statements at some point in the future, Datavault AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Datavault AI’s assessments as of any date subsequent to the date of this communication. Accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

Media Inquiries:
marketing@dvlt.ai 


SOURCE: Datavault AI Inc. 

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.

AM Best Affirms Credit Ratings of NongHyup Property and Casualty Insurance Company Limited

HONG KONG, Nov 24 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NongHyup Property and Casualty Insurance Company Limited (NH P&C) (South Korea). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect NH P&C’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the implicit and explicit support the company receives from its ultimate parent, National Agricultural Cooperative Federation (NACF).

NH P&C’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). Despite the recent issuances of supplementary capital securities, the company’s Korean-Insurance Capital Standards (K-ICS) ratio showed a material decline in 2024 and through the first half of 2025, primarily due to various regulatory guideline changes. Prospectively, AM Best expects NH P&C to maintain its solvency position well above the regulatory minimum and recommended levels with a focus on improving asset and liability management and its strong financial flexibility. Particularly, the company’s financial flexibility is supported by its good accessibility to the capital market and financial support from its immediate parent, NongHyup Financial Group Inc. (NHFG). NH P&C’s investment portfolio is conservative, consisting mainly of fixed-income assets of good quality.

NH P&C’s operating performance is assessed as adequate, with a return-on-equity ratio of 5.7% and a combined ratio of 95.1% (net/net) in 2024, as calculated by AM Best. The company’s general property/casualty business, including government policy insurance, continues to show moderate volatility, for example, driven by severe weather events or wildfires. While the company’s profitability of long-term insurance remained largely in line with its peers, NH P&C’s growth of new business contractual service margin (CSM) has demonstrated a declining trend over the last two years (2022-2024). Thus, AM Best will monitor NH P&C’s improvement in generating its new business CSM, as it will play an instrumental role in achieving stable future profits and provide a buffer against volatility in the general P/C insurance segment. AM Best expects the company’s investment profits to continue supporting its overall profitability.

NH P&C is a domestic non-life insurer in South Korea, with a 3.7% market share in terms of gross insurance service revenue in 2024. The company is an exclusive provider of crop insurance in the country, which is largely operated under the general principle of “no profit no loss,” and a major provider of other government policy insurance products for farmers, such as livestock and agricultural vehicle insurance. NH P&C focuses on expanding sales of protection-type products with high margins to gradually improve the profitability of its long-term insurance line; however, its market presence in the long-term insurance segment remains modest due to strong market competition. Distribution remains highly concentrated in the cooperative channel, which is a network of NACF’s members.

As a wholly owned subsidiary of NHFG, which is the financial arm of NACF and one of the largest financial groups in South Korea, NH P&C is strategically important to NACF, given its role as the exclusive provider of government policy insurance products to cooperative members. Additionally, AM Best recognises NHFG’s capability and strong willingness to provide timely financial support to NH P&C, should the need arise.

Negative rating actions could occur if there is a significant deterioration in NH P&C’s balance sheet strength fundamentals and a further decline in its domestic solvency ratio from the current level. Negative rating actions also could arise if the level of support or the company’s strategic importance to its ultimate and immediate parents is reduced to a degree that no longer supports the current level of enhancement. While it is thought to be unlikely, positive rating actions could occur if NH P&C’s business profile improves in a sustainable manner, for example, through successful channel diversification that results in a materially enhanced market presence without deterioration in its risk-adjusted capitalisation and operating profitability.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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Contact

Seokjae Lee
Senior Financial Analyst
+852 2827 3407
seokjae.lee@ambest.com

Chanyoung Lee
Director, Analytics
+852 2827 3404
chanyoung.lee@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com 

Source : AM Best