KUALA LUMPUR, Feb 3 (Bernama) -- Education First (EF) has opened a unique opportunity for a new title partner to join EF Pro Cycling while remaining the team’s long-term owner and anchor investor.
According to a statement, the move aims to strengthen the team’s resources and help it compete with the largest budgets in professional cycling.
The team’s goals include winning the Tour de France Femmes within three years, building a leading development pathway in professional cycling, and securing both men’s and women’s Tours de France within the next decade using riders developed through the EF Pro Cycling system.
“This is a unique opportunity for an organisation to partner with a global team and organisation such as EF. Together, we can build a team that extends far beyond traditional sponsorship, creating lasting value and impact for years to come,” said EF Education First Global Chief of Staff and EF Pro Cycling President, Maria Norrman.
The team will continue building around key riders such as Ben Healy, Magdeleine Vallieres, Kristen Faulkner, Richard Carapaz, and Neilson Powless, who have all signed long-term extensions.
EF Pro Cycling has consistently ranked among the top teams for social media engagement since 2017 and offers one of the strongest returns on investment for title partners in professional sports, according to Nielsen Analytics.
The team is backed by long-standing partners including EasyPost, Cannondale, Wahoo, and POC, reflecting shared values and a commitment to the sport’s long-term growth.
-- BERNAMA
Tuesday, February 3, 2026
Details on the timetable of the simplified tender offer on North Atlantic Energies shares
Paris, Feb 3 (Bernama-GLOBE NEWSWIRE) -- NORTH ATLANTIC ENERGIES
Details on the timetable of the simplified tender offer on North Atlantic Energies shares
Paris, FRANCE – January 30, 2026 – North Atlantic France SAS (“North Atlantic France”) refers to its acquisition from ExxonMobil France Holding SAS (“ExxonMobil”) of ExxonMobil’s entire stake in North Atlantic Energies (formerly, Esso Société Anonyme Française SA) (“North Atlantic Energies”), representing 82.89% of North Atlantic Energies’ share capital and voting rights.
In accordance with French securities law, North Atlantic France announced on November 28, 2025 that it would file a simplified tender offer (the “Offer”) for the remaining North Atlantic Energies shares not already held by North Atlantic France, at a price of €28.93 per share, as well as its intention to implement a squeeze-out procedure if the conditions required are met.
It is reminded that the board of directors of North Atlantic Energies has appointed Ledouble SAS, represented by Ms. Agnès Piniot and Mr. Romain Delafont, as an independent expert to issue a fairness opinion on the financial terms of the Offer.
North Atlantic France indicates that it will file the Offer with the Autorité des marchés financiers (the “AMF”) once the independent expert's work has been finalised, after the publication of the 2025 annual results. North Atlantic Energies indicates that this publication is scheduled for March 26, 2026. The filing is therefore expected to take place during the second quarter of 2026. The offer documentation will be submitted to the AMF for review, and the Offer will only open once the AMF has issued its compliance decision.
MEDIA CONTACTS
France: Brunswick Group – northatlantic@brunswickgroup.com
Hugues Boëton: +33 6 79 99 27 15
Paul Priam: +33 6 84 39 09 89
Canada: Mark Duggan – markduggan@northatlantic.ca
+1-709-687-3136
ABOUT NORTH ATLANTIC
For nearly four decades, North Atlantic has been a market leader in the retail gas and convenience sector, as well as the residential, commercial, and wholesale fuel industries in Newfoundland and Labrador. Recently, through a joint venture with Suncor Energy, North Atlantic expanded its retail division into Nova Scotia and Prince Edward Island, through North Sun Energy. As managing partner, North Atlantic operates 110 fuel retail sites across all three provinces. North Atlantic has ambitious plans for future growth and development in strategic locations across the region.
Known for its expertise in acquiring and delivering exceptional products, North Atlantic caters to both domestic and industrial sectors while also serving global clients through their marine bunkering distribution channels.
North Atlantic is committed to strategic growth to deliver innovative and green energy solutions aligned with evolving global needs. By driving industry progress, North Atlantic is supporting new skills and new jobs for this dynamic landscape. North Atlantic remains committed to providing exceptional energy, fuel and convenience retail initiatives that enhance customer experience while fostering economic growth in the communities they serve in Canada and beyond.
ABOUT NORTH ATLANTIC ENERGIES
North Atlantic Energies is a key player in France’s energy landscape, supporting the country’s security of supply while contributing to the ongoing transformation of the sector.
Representing 20% of France’s refining capacity, the company plays a vital role in the economy and in its regions.
North Atlantic Energies supplies the products essential to modern life and places its customers at the center of its priorities.
MEDIA CONTACTS
France: Brunswick Group – northatlantic@brunswickgroup.com
Hugues Boëton: +33 6 79 99 27 15
Paul Priam: +33 6 84 39 09 89
Canada: Mark Duggan – markduggan@northatlantic.ca
+1-709-687-3136
SOURCE: North Atlantic
Details on the timetable of the simplified tender offer on North Atlantic Energies shares
Paris, FRANCE – January 30, 2026 – North Atlantic France SAS (“North Atlantic France”) refers to its acquisition from ExxonMobil France Holding SAS (“ExxonMobil”) of ExxonMobil’s entire stake in North Atlantic Energies (formerly, Esso Société Anonyme Française SA) (“North Atlantic Energies”), representing 82.89% of North Atlantic Energies’ share capital and voting rights.
In accordance with French securities law, North Atlantic France announced on November 28, 2025 that it would file a simplified tender offer (the “Offer”) for the remaining North Atlantic Energies shares not already held by North Atlantic France, at a price of €28.93 per share, as well as its intention to implement a squeeze-out procedure if the conditions required are met.
It is reminded that the board of directors of North Atlantic Energies has appointed Ledouble SAS, represented by Ms. Agnès Piniot and Mr. Romain Delafont, as an independent expert to issue a fairness opinion on the financial terms of the Offer.
North Atlantic France indicates that it will file the Offer with the Autorité des marchés financiers (the “AMF”) once the independent expert's work has been finalised, after the publication of the 2025 annual results. North Atlantic Energies indicates that this publication is scheduled for March 26, 2026. The filing is therefore expected to take place during the second quarter of 2026. The offer documentation will be submitted to the AMF for review, and the Offer will only open once the AMF has issued its compliance decision.
MEDIA CONTACTS
France: Brunswick Group – northatlantic@brunswickgroup.com
Hugues Boëton: +33 6 79 99 27 15
Paul Priam: +33 6 84 39 09 89
Canada: Mark Duggan – markduggan@northatlantic.ca
+1-709-687-3136
ABOUT NORTH ATLANTIC
For nearly four decades, North Atlantic has been a market leader in the retail gas and convenience sector, as well as the residential, commercial, and wholesale fuel industries in Newfoundland and Labrador. Recently, through a joint venture with Suncor Energy, North Atlantic expanded its retail division into Nova Scotia and Prince Edward Island, through North Sun Energy. As managing partner, North Atlantic operates 110 fuel retail sites across all three provinces. North Atlantic has ambitious plans for future growth and development in strategic locations across the region.
Known for its expertise in acquiring and delivering exceptional products, North Atlantic caters to both domestic and industrial sectors while also serving global clients through their marine bunkering distribution channels.
North Atlantic is committed to strategic growth to deliver innovative and green energy solutions aligned with evolving global needs. By driving industry progress, North Atlantic is supporting new skills and new jobs for this dynamic landscape. North Atlantic remains committed to providing exceptional energy, fuel and convenience retail initiatives that enhance customer experience while fostering economic growth in the communities they serve in Canada and beyond.
ABOUT NORTH ATLANTIC ENERGIES
North Atlantic Energies is a key player in France’s energy landscape, supporting the country’s security of supply while contributing to the ongoing transformation of the sector.
Representing 20% of France’s refining capacity, the company plays a vital role in the economy and in its regions.
North Atlantic Energies supplies the products essential to modern life and places its customers at the center of its priorities.
MEDIA CONTACTS
France: Brunswick Group – northatlantic@brunswickgroup.com
Hugues Boëton: +33 6 79 99 27 15
Paul Priam: +33 6 84 39 09 89
Canada: Mark Duggan – markduggan@northatlantic.ca
+1-709-687-3136
SOURCE: North Atlantic
Friday, January 30, 2026
AI-Media to Showcase Real-Time Translation and Accessibility Workflows at ISE 2026 as Multilingual AV Demand Accelerates
BARCELONA, Spain, Jan 30 (Bernama-GLOBE NEWSWIRE) -- AI-Media, a global leader in AI-powered subtitling and language solutions, will be at ISE 2026 to demonstrate how real-time translation, captioning, and audio description are becoming essential capabilities across professional AV environments - from live events and corporate communications to venues and public installations.
As audiences become increasingly multilingual and expectations for inclusive communication continue to rise, AV teams are being challenged to deliver experiences that are accessible, understandable, and consistent across both in-room and remote viewing. At ISE 2026, AI-Media will share how its broadcast-grade AI technology is being applied to integrated AV workflows, enabling scalable, real-time language and accessibility support with low latency.
At Booth 4L700, AI-Media will showcase LEXI Voice, an AI-driven solution delivering real-time voice translation into any language with natural-sounding output and minimal delay. Designed for live and broadcast environments, LEXI Voice supports event producers, content owners, and AV integrators looking to deliver multilingual communication without adding complexity to production workflows.
Alongside LEXI Voice, AI-Media will also demonstrate LEXI Text, its real-time AI subtitling solution, and LEXI AD, which provides automated audio description to support inclusive viewing experiences. Together, the LEXI suite helps organisations deliver multilingual and accessible experiences across professional AV and broadcast environments - supporting a broader industry shift toward inclusive communication as a standard expectation, not an add-on.
“Professional AV is moving quickly toward the same expectations broadcasters have operated under for years - reliability, low latency, and experiences that work across languages and accessibility needs,” said Mark Lovatt, VP Strategic Accounts and VP Sales - EMEA at AI-Media. “At ISE, we’re demonstrating how real-time voice translation, subtitling, and audio description can be delivered as part of the live workflow, helping organisations design more inclusive experiences from the start.”
All LEXI solutions integrate seamlessly with SDI and IP infrastructures, supporting deployments across conferences, corporate communications, live events, sports venues, houses of worship, and public installations.
AI-Media looks forward to engaging with industry professionals throughout ISE 2026 in Barcelona to discuss how language and accessibility technology can be applied across live, broadcast, and integrated AV environments. Visit Booth 4L700 to explore AI-Media’s real-time voice translation, subtitling, and audio description workflows in action. Further information about AI-Media’s solutions, including the option to book meetings with AI-Media representatives at ISE, is available here: https://landing.ai-media.tv/ise-2026
About AI-Media:
AI-Media (ASX: AIM) is a global leader in AI-powered voice translation, captioning, and language orchestration. The LEXI Suite and global encoder network deliver real-time multilingual intelligence - trusted worldwide to modernize workflows, enhance communication, and scale the shift from text to spoken AI.
For more information visit the AI-Media website.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9de967d8-191a-4c7d-9504-da62857c28ae
SOURCE: Ai-Media Technologies LLC
As audiences become increasingly multilingual and expectations for inclusive communication continue to rise, AV teams are being challenged to deliver experiences that are accessible, understandable, and consistent across both in-room and remote viewing. At ISE 2026, AI-Media will share how its broadcast-grade AI technology is being applied to integrated AV workflows, enabling scalable, real-time language and accessibility support with low latency.
At Booth 4L700, AI-Media will showcase LEXI Voice, an AI-driven solution delivering real-time voice translation into any language with natural-sounding output and minimal delay. Designed for live and broadcast environments, LEXI Voice supports event producers, content owners, and AV integrators looking to deliver multilingual communication without adding complexity to production workflows.
Alongside LEXI Voice, AI-Media will also demonstrate LEXI Text, its real-time AI subtitling solution, and LEXI AD, which provides automated audio description to support inclusive viewing experiences. Together, the LEXI suite helps organisations deliver multilingual and accessible experiences across professional AV and broadcast environments - supporting a broader industry shift toward inclusive communication as a standard expectation, not an add-on.
“Professional AV is moving quickly toward the same expectations broadcasters have operated under for years - reliability, low latency, and experiences that work across languages and accessibility needs,” said Mark Lovatt, VP Strategic Accounts and VP Sales - EMEA at AI-Media. “At ISE, we’re demonstrating how real-time voice translation, subtitling, and audio description can be delivered as part of the live workflow, helping organisations design more inclusive experiences from the start.”
All LEXI solutions integrate seamlessly with SDI and IP infrastructures, supporting deployments across conferences, corporate communications, live events, sports venues, houses of worship, and public installations.
AI-Media looks forward to engaging with industry professionals throughout ISE 2026 in Barcelona to discuss how language and accessibility technology can be applied across live, broadcast, and integrated AV environments. Visit Booth 4L700 to explore AI-Media’s real-time voice translation, subtitling, and audio description workflows in action. Further information about AI-Media’s solutions, including the option to book meetings with AI-Media representatives at ISE, is available here: https://landing.ai-media.tv/ise-2026
About AI-Media:
AI-Media (ASX: AIM) is a global leader in AI-powered voice translation, captioning, and language orchestration. The LEXI Suite and global encoder network deliver real-time multilingual intelligence - trusted worldwide to modernize workflows, enhance communication, and scale the shift from text to spoken AI.
For more information visit the AI-Media website.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9de967d8-191a-4c7d-9504-da62857c28ae
SOURCE: Ai-Media Technologies LLC
Polyplastics Develops New DURAFIDE(R) PPS Grades with Mechanically Recycled Content
TOKYO, Jan. 28, 2026 /Kyodo JBN/--
Polyplastics Co., Ltd., a global leader in engineering thermoplastics, has developed two new DURAFIDE(R) polyphenylene sulfide (PPS) grades made of mechanically recycled content. The 40% glass fiber-reinforced grades, DURAFIDE(R) rG-PPS 1140A1R00 and 1140A1R30 (with 100% and 30% recycled glass fiber-reinforced PPS content, respectively), are set for launch in the next few months.
Image:
https://cdn.kyodonewsprwire.jp/prwfile/release/M100475/202601202736/_prw_PI1fl_5M5BC94J.jpg
The new offering is part of Polyplastics' DURACIRCLE(R) initiative, which strives to achieve 100% circularity for engineering plastics. These new grades are offered through the company's re-compounding service, which utilizes process scrap collected from customers as raw material under its "Open PIR Mechanical Recycling Scheme."
High-quality product manufacturing is achieved by collecting glass fiber-reinforced PPS process scrap from partner companies meeting high standards. After rigorous inspection, sorting, and reformulation, the materials are compounded under optimal conditions and undergo the same quality assurance as virgin materials. Polyplastics will sell these materials through its global sales network. Currently, collection targets are limited to specific grades of glass-filled DURAFIDE(R) PPS materials.
For the re-compounding business and the establishment of the "Open PIR Mechanical Recycling Scheme," developing new applications and securing collection routes are essential. The company is targeting initiatives that envision collaboration not only with existing customers but also with companies in various waste-to-value industries.
Polyplastics is exploring adding new mechanically recycled PPS grades to its lineup in response to market needs. The goal is to build self-contained "local production for local consumption" recycling chains within each country and region worldwide. Simultaneously, by expanding the range of constituent materials to include PCR materials, Polyplastics will enhance its supply capacity for high-quality, reliable recycled materials. This will further reduce environmental impact and enhance the ability to meet customers' diverse needs.
For more information, visit:
https://www.polyplastics.com/global/s/ourapproach/a5nRB000001nik7YAA/225?language=en_US
About Polyplastics
Polyplastics Co., Ltd. is a global leader in the development and production of engineering thermoplastics. The company's product portfolio includes POM, PBT, PPS, LCP, PET, COC, and LFT, with global-leading market share for POM, LCP, and COC. With more than 60 years of experience, the company is backed by a strong global network of R&D, production, and sales resources capable of creating advanced solutions for an ever-changing global marketplace.
DURAFIDE(R) and DURACIRCLE(R) are registered trademarks of Polyplastics Co., Ltd. in Japan and other countries.
Source: Polyplastics Co., Ltd.
--BERNAMA
Image:
https://cdn.kyodonewsprwire.jp/prwfile/release/M100475/202601202736/_prw_PI1fl_5M5BC94J.jpg
The new offering is part of Polyplastics' DURACIRCLE(R) initiative, which strives to achieve 100% circularity for engineering plastics. These new grades are offered through the company's re-compounding service, which utilizes process scrap collected from customers as raw material under its "Open PIR Mechanical Recycling Scheme."
High-quality product manufacturing is achieved by collecting glass fiber-reinforced PPS process scrap from partner companies meeting high standards. After rigorous inspection, sorting, and reformulation, the materials are compounded under optimal conditions and undergo the same quality assurance as virgin materials. Polyplastics will sell these materials through its global sales network. Currently, collection targets are limited to specific grades of glass-filled DURAFIDE(R) PPS materials.
For the re-compounding business and the establishment of the "Open PIR Mechanical Recycling Scheme," developing new applications and securing collection routes are essential. The company is targeting initiatives that envision collaboration not only with existing customers but also with companies in various waste-to-value industries.
Polyplastics is exploring adding new mechanically recycled PPS grades to its lineup in response to market needs. The goal is to build self-contained "local production for local consumption" recycling chains within each country and region worldwide. Simultaneously, by expanding the range of constituent materials to include PCR materials, Polyplastics will enhance its supply capacity for high-quality, reliable recycled materials. This will further reduce environmental impact and enhance the ability to meet customers' diverse needs.
For more information, visit:
https://www.polyplastics.com/global/s/ourapproach/a5nRB000001nik7YAA/225?language=en_US
About Polyplastics
Polyplastics Co., Ltd. is a global leader in the development and production of engineering thermoplastics. The company's product portfolio includes POM, PBT, PPS, LCP, PET, COC, and LFT, with global-leading market share for POM, LCP, and COC. With more than 60 years of experience, the company is backed by a strong global network of R&D, production, and sales resources capable of creating advanced solutions for an ever-changing global marketplace.
DURAFIDE(R) and DURACIRCLE(R) are registered trademarks of Polyplastics Co., Ltd. in Japan and other countries.
Source: Polyplastics Co., Ltd.
--BERNAMA
Thursday, January 29, 2026
Insurance and Takaful Industry Supports Government’s Base MHIT Plan Under the RESET Strategy
KUALA LUMPUR, Jan 29 (Bernama) -- The Malaysian insurance and takaful industry, represented by the Life Insurance Association of Malaysia (LIAM), Malaysian Takaful Association (MTA) and the Persatuan Insurans Am Malaysia (PIAM) welcomes and fully supports the Joint Ministerial Committee on Private Healthcare Costs (JBMKKS) introduction of the base Medical and Health Insurance/Takaful (MHIT) plan under the RESET Strategy. This is an important initiative which will expand financial protection for essential healthcare needs, channel private spending more efficiently and strengthen conditions for broader health system reforms in line with value-based care that improves health outcomes with disciplined cost management.
The insurance and takaful industry stands ready to play its part in delivering the base MHIT plan to Malaysians across the country. As outlined in BNM’s published White Paper on Base MHIT Plan, it is intended to expand coverage among the uninsured, while also offering more cost-effective alternatives for existing policyholders/certificate holders, particularly retirees and middle-income families seeking long-term affordability. To ensure premiums/contribution remain stable while delivering meaningful protection, the base MHIT plan design incorporates features such as deductibles, co-payments and defined annual limits. These mechanisms are applied with fairness and transparency, supporting responsible utilisation of healthcare services while safeguarding the sustainability of coverage over time. The insurance and takaful industry will work closely with BNM to finalise implementation details and operations which will be launch in early 2027.
Our members are committed to ensuring timely claims payouts, clear communication with hospitals, and efficient claims processing, so Malaysians can access care without delay. The base MHIT plan is designed to complement existing medical plans, which will continue to be available. The industry supports offering the base MHIT plan at scale, as standardisation provides a strong foundation for broader participation, consistent understanding of coverage, and greater public confidence.
Transparency remains a priority in our work, and under the RESET strategy we have recently published Reference Price Ranges for Common Private Healthcare Services on the websites of LIAM, MTA and PIAM using actual claims data:
• https://www.liam.org.my/about/healthcare/index.html
• https://takaful4all.org/ms/inforesources/mhit/
• https://piam.org.my/news-media/explore-connect/knowledge-zone/
publicationof-common-healthcare-services/
This publicly available guide empowers Malaysians with better cost visibility, helps them plan for potential out-of-pocket expenses, and supports more informed discussions with healthcare providers. It is one of several initiatives the industry has undertaken to promote awareness, manage healthcare costs responsibly, and protect the sustainability of insurance and takaful protection for the long term.
LIAM, MTA and PIAM — together representing the insurance and takaful community — remain steadfast in our commitment to supporting the smooth rollout of the base MHIT plan and delivering on its promise of affordable, transparent and sustainable healthcare protection. By balancing access with affordability, embedding transparency into product design and cost structures, and leveraging our decades of experience in protecting Malaysian families, the industry is ready to drive meaningful reform and maintain the public’s trust in medical and health insurance as a cornerstone of financial security.
ABOUT LIFE INSURANCE ASSOCIATION MALAYSIA (LIAM)
Formed in 1974, the Life Insurance Association of Malaysia (LIAM) is a trade association registered under the Societies Act 1966. LIAM has a total of 16 members, of which 14 are life insurance companies and 2 life reinsurance companies. LIAM’s objectives are to promote a progressive life insurance industry; to enhance public understanding and appreciation for life insurance; to upgrade the image and professionalism of the life insurance industry and to support the regulatory authorities in developing a strong industry. Visit www.liam.org.my for details.
ABOUT MALAYSIAN TAKAFUL ASSOCIATION (MTA)
Malaysian Takaful Association (MTA) was established on November 2002 under the Societies Act 1966. It is a trade association representing all 19 licensed Takaful and Retakaful operators in the country. The objectives and the powers of MTA are to promote the interests of its members and to inculcate the implementation of self-regulation within the Takaful industry. More information on MTA can be obtained from its website: www.takaful4all.org
Facebook: facebook.com/MalaysianTakafulAssociation/
Instagram: instagram.com/malaysiantakafulassociation
ABOUT PERSATUAN INSURANS AM MALAYSIA (PIAM)
The history of PIAM originated from the establishment of various insurance and tariff associations set up in 1885 that played a role as a collective voice of the insurance industry in Malaya and Singapore shortly after the Independence of Malaya in 1957. In June 1961, the Insurance Association of Federation of Malaya was formed to maintain tariff insurance legislations and promote sound insurance practices. For the first time, an Association was established in Kuala Lumpur to safeguard the country's general insurance interest. Subsequently, PIAM was established in May 1979 as a statutory trade association recognised by the Government of Malaysia for all registered insurance business. Currently, PIAM has 23 member companies comprising direct general insurance and reinsurance companies operating in Malaysia.
To learn more about PIAM, visit www.piam.org.my
Facebook: facebook.com/PersatuanInsuransAmMalaysia
Instagram: instagram.com/piam_malaysia/
TikTok: https://www.tiktok.com/@piam_malaysia
SOURCE: Life Insurance Association of Malaysia (LIAM)
FOR MORE INFORMATION, PLEASE CONTACT:
LIAM:
Puan Norizan Hassan
Head of Corporate Communications
Life Insurance Association of Malaysia
Tel: 603-2691 6168 / 6628 / 8068
Email: liaminfo@liam.org.my
Website: www.liam.org.my
Facebook: LIAM – Life Insurance Association of Malaysia
Instagram: @liamalaysia
MTA:
Puan Siti Nor Kamariah Ishak
Head, Corporate Communications
Tel: 01137475361
Fax: +603-2031 8170
Email: mtasecretariat@malaysiantakaful.com.my
PIAM:
Name: Ms. Susanna G. Simon
Head of Corporate Communications
Persatuan Insurans Am Malaysia (PIAM)
Tel: 03-2274 7399
Fax: 03-2274 5910
Email: susanna.simon@piam.org.my
Website: www.piam.org.my
--BERNAMA
Wednesday, January 28, 2026
RESTRUCTURING: MULTI-COLOR CORPORATION TO REDUCE DEBT, STRENGTHEN BALANCE SHEET
KUALA LUMPUR, Jan 28 (Bernama) -- Multi-Color Corporation (MCC), a global leader in prime label solutions, has entered into a restructuring support agreement (RSA) with holders of approximately 70 per cent of its secured first-lien debt and its equity sponsor, Clayton, Dubilier & Rice (CD&R), as part of a comprehensive financial restructuring.
The transactions under the RSA are expected to significantly deleverage MCC’s balance sheet, reducing net debt to about US$2.0 billion from roughly US$5.9 billion, according to a company statement. (US$1=RM3.94)
The company’s annualised cash interest expense is expected to fall to about US$140 million in 2026 from approximately US$475 million, while long-term debt maturities will be extended to 2033 following completion of the restructuring.
MCC President and Chief Executive Officer, Hassan Rmaile said the agreement reflects strong support from the company’s sponsor and lenders and will strengthen MCC’s financial foundation to support sustainable growth.
The RSA provides for an US$889 million new common and preferred equity investment to support long-term growth and investment. Upon emergence, MCC is expected to have more than US$500 million of liquidity.
To implement the restructuring, MCC has launched a solicitation for votes on a prepackaged plan of reorganisation, which is supported by holders of approximately 70 per cent of its secured first-lien debt and CD&R.
The RSA also provides for US$250 million of new money debtor-in-possession financing to capitalise the business throughout the Chapter 11 process, which is expected to allow MCC to continue operating in the ordinary course during the restructuring.
Upon commencement of the prepackaged Chapter 11 proceedings, MCC will file a series of first-day motions that, subject to court approval, will allow the company to continue to operate in the ordinary course of business while it works to deleverage its capital structure.
-- BERNAMA
Friday, January 23, 2026
Horizon Quantum Explores Faster Ways to Fault-Tolerant Quantum Computing with Alice & Bob
Horizon Quantum CEO Dr Joe Fitzsimons and Alice & Bob CEO Dr Théau Peronnin
- The integration of Alice & Bob’s quantum emulators — ”virtual versions” of the company’s hardware — with Horizon Quantum’s compiler is expected to streamline the deployment of fault-tolerant quantum algorithms.
- As a preview of its upcoming quantum hardware, Alice & Bob will make its emulated cat qubit system — a system made up of the first qubit capable of performing quantum error correction — available for deployment through Horizon Quantum’s Triple Alpha development environment.
PARIS & SINGAPORE, Jan 20 (Bernama-BUSINESS WIRE) -- Horizon Quantum Computing Pte. Ltd. (“Horizon Quantum”), a pioneer of software infrastructure for quantum applications, and Alice & Bob (“A&B”), a cutting-edge developer of fault-tolerant quantum computers, today announced a strategic collaboration to leverage both companies’ strengths and streamline the development and deployment of fault-tolerant quantum computing (“FTQC”) software.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20260119300891/en/
By integrating A&B’s emulators with Triple Alpha, Horizon Quantum’s powerful development infrastructure, the companies seek to create a full-stack solution for quantum application development that combines best-in-class technologies at both the hardware and software levels. This collaboration is expected to pave the way for future integration with physical systems, laying the foundation for the seamless deployment of complex algorithms onto A&B’s soon-to-be-released quantum processing units (“QPUs”).
- support the development of a comprehensive compilation pipeline that maximises hardware performance by taking into account the hardware's specifications while simplifying programming for quantum applications; and
- prepare for the launch of real hardware capable of executing quantum error correction tasks as part of A&B’s roadmap for FTQC, with Horizon Quantum's Triple Alpha set to be one of the first platforms to compile and deploy to A&B’s QPUs.
“Building a complete quantum software stack requires careful integration of algorithms, error correction, and compilation. We believe our partnership with Horizon Quantum is an essential step in ensuring we take a rigorous, research-driven approach to these challenges,” said Dr Théau Peronnin, CEO of A&B.
The partnership aims to bring Triple Alpha’s resource analysis capabilities to A&B’s backends. This functionality helps optimise the resources used by quantum algorithms at different levels of abstractions and on different hardware platforms by tracking various metrics such as qubit count and gate count, all critical components for accelerating the practical use of quantum computers.
“Realising the full potential of quantum computing will require building systems that are fault-tolerant,” said Dr Joe Fitzsimons, CEO of Horizon Quantum. “By bringing together Horizon Quantum’s expertise in quantum programming and compilation with Alice & Bob's expertise in fault-tolerant hardware architectures, I believe this partnership will help drive progress towards practical fault-tolerant quantum computing.”
Together, A&B and Horizon Quantum aim to accelerate the path to scalable, fault-tolerant quantum computing, with a vision of creating a future where quantum algorithms are accessible, impactful and reliable across industries.
About Horizon Quantum
Horizon Quantum’s mission is to unlock broad quantum advantage by building the software infrastructure that empowers developers to use quantum computing to solve the world’s toughest computational problems.
Founded in 2018 by Dr. Joe Fitzsimons, a leading researcher and former professor with more than two decades of experience in quantum computing, the company is bridging the gap between today’s hardware and tomorrow’s applications through the creation of advanced quantum software development tools. Its integrated development environment, Triple Alpha, enables developers to write sophisticated, hardware-agnostic quantum programs at different levels of abstraction.
About Alice & Bob
Alice & Bob is a quantum computing company based in Paris and Boston whose goal is to create the first universal, fault-tolerant quantum computer. Founded in 2020, Alice & Bob has raised €130 million in funding, hired over 150 employees and demonstrated experimental results surpassing those of technology giants such as Google or IBM.
Advised by Nobel Prize winning researchers, Alice & Bob specializes in cat qubits, a technology developed by the company's founders and later adopted by Amazon. Demonstrating the power of its cat architecture, Alice & Bob recently showed that it could reduce the hardware requirements for building a useful large-scale quantum computer by up to 200 times compared with competing approaches. Follow Alice & Bob on LinkedIn, X or YouTube, visit their website www.alice-bob.com, or join The Cat Tree on Slack to learn more.
Additional Information about Horizon Quantum’s Business Combination and Where to Find It
In connection with Horizon Quantum’s previously announced business combination (the “Business Combination”) with dMY Squared Technology Group, Inc. (“dMY”), Horizon Quantum Holdings Ltd. (“Holdco”) and Horizon Quantum have filed a registration statement on Form F-4 relating to the Business Combination and certain other matters (the “Registration Statement”), which includes a preliminary proxy statement of dMY and a preliminary prospectus of Holdco with respect to the securities to be offered in the Business Combination. After the Registration Statement is declared effective, dMY will mail a definitive proxy statement/prospectus to its shareholders as of a record date to be established for voting on the Business Combination. The Registration Statement, including the proxy statement/prospectus contained therein, contains important information about the Business Combination and the other matters to be voted upon at a special meeting of shareholders of dMY (the “Special Meeting”). This press release does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. dMY, Holdco and Horizon Quantum may also file other documents with the U.S. Securities and Exchange Commission (the “SEC”) regarding the Business Combination. dMY’s shareholders and other interested persons are advised to read, the Registration Statement, including the preliminary proxy statement/prospectus contained therein, the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the Business Combination, as these materials will contain important information about dMY, Horizon Quantum, Holdco, and the Business Combination. The documents filed by dMY, Holdco and Horizon Quantum with the SEC also may be obtained free of charge upon written request to dMY at dMY Squared Technology Group, Inc., 1180 North Town Center Drive, Suite 100, Las Vegas, Nevada 89144.
Participants in the Solicitation
Horizon Quantum, Holdco and dMY and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of dMY’s shareholders in connection with the Business Combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of dMY’s directors and officers in the Registration Statement, dMY’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on April 3, 2025 (the “dMY Annual Report”), dMY’s subsequent quarterly reports, and other filings with the SEC. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to dMY’s shareholders in connection with the Business Combination is set forth in the preliminary proxy statement/prospectus relating to the Business Combination. Information concerning the interests of Horizon Quantum’s, Holdco’s and dMY’s participants in the solicitation, which may, in some cases, be different than those of their respective equityholders generally, is set forth in the preliminary proxy statement/prospectus relating to the Business Combination.
Disclaimer
Past performance by Horizon Quantum’s or dMY’s management teams and their respective affiliates is not a guarantee of future performance. Therefore, you should not place undue reliance on the historical record of the performance of Horizon Quantum’s or dMY’s management teams or businesses associated with them as indicative of future performance of an investment or the returns that Horizon Quantum or dMY will, or are likely to, generate going forward.
Cautionary Note Regarding Forward-Looking Statements
This press release includes “forward-looking statements” with respect to dMY, Holdco and Horizon Quantum. The expectations, estimates, and projections of the businesses of Horizon Quantum and dMY may differ from their actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “accelerate,” “aim,” “create,” “expect,” “estimate,” “will,” “could,” “seek,” “should,” “potential,” and similar expressions are intended to identify such forward-looking statements.
These forward-looking statements include, without limitation, expectations that Horizon Quantum and A&B will be able to create a full-stack solution for quantum application development and pave the way towards practical fault-tolerant quantum computing, the ability of the partnership to bring Triple Alpha’s resource analysis capabilities to A&B’s backends to optimise the resources used by quantum algorithms at different levels of abstractions and on different hardware platforms by tracking various metrics such as qubit count and gate count.
These forward looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and are subject to, without limitation, (i) known and unknown risks, including the risks and uncertainties indicated from time to time in the dMY Annual Report, dMY’s subsequent quarterly reports, and other filings with the SEC, and the Registration Statement, including those under “Risk Factors” therein, and other documents filed or to be filed with the SEC by dMY, Holdco or Horizon Quantum; (ii) uncertainties; (iii) assumptions and (iv) other factors beyond dMY’s, Holdco’s, or Horizon Quantum’s control that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. They are neither statements of historical fact nor promises or guarantees of future performance. Therefore, actual results may differ materially and adversely from those expressed or implied in any forward-looking statements and dMY, Holdco, and Horizon Quantum therefore caution against placing undue reliance on any of these forward-looking statements.
Many of these factors are outside of the control of Horizon Quantum, Holdco and dMY and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; (2) the outcome of any legal proceedings that may be instituted against the parties following the announcement of the Business Combination and the Business Combination Agreement; (3) the inability to complete the Business Combination, including due to the failure to obtain approval of the shareholders of Horizon Quantum and dMY or other conditions to closing the Business Combination; (4) changes to the structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) Horizon Quantum’s ability to scale and grow its business, and the advantages and expected growth of Horizon Quantum; (6) the cash position of Horizon Quantum following closing of the Business Combination; (7) the inability to obtain or maintain the listing of Holdco’s securities on Nasdaq following the Business Combination; (8) the risk that the announcement and pendency of the Business Combination disrupts Horizon Quantum’s current plans and operations; (9) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of Holdco to grow and manage growth profitably and source and retain its key employees; (10) costs related to the Business Combination; (11) changes in applicable laws and regulations or political and economic developments; (12) the possibility that Horizon Quantum may be adversely affected by other economic, business and/or competitive factors; (13) Horizon Quantum’s estimates of expenses and profitability; (14) the amount of redemptions by dMY public shareholders; (15) difficulties operating Horizon Quantum’s quantum processor and the possibility that the quantum processor does not provide the advantages that Horizon Quantum expects; (16) the ability to successfully or timely consummate the previously-announced approximately $110 million PIPE financing in connection with the Business Combination; (17) the entry into the previously-announced letter agreement with IonQ, Inc. related to such PIPE financing, and our ability to recognize the benefits of such letter agreement; (18) the ability of Horizon Quantum and A&B to the recognize the benefits of their partnership to bring Triple Alpha’s resource analysis capabilities to A&B’s backends and (19) other risks and uncertainties included in the “Risk Factors” sections of the dMY Annual Report, dMY’s subsequent quarterly reports and other filings with the SEC, and the Registration Statement and other documents filed or to be filed with the SEC by Horizon Quantum, Holdco and dMY. The foregoing list of factors is not exclusive. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. Horizon Quantum, Holdco and dMY do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.
No Offer or Solicitation
This press release does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Business Combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260119300891/en/
Contact
Yanina Blaclard
media@horizonquantum.com
A&B contact
Veronica Combs
Veronica@hkamarcom.com
Source: Horizon Quantum Computing Pte. Ltd.
--BERNAMA
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