Ownership Group Acquires Shasta Pools, Announces Expansion Plans to Offer Complete Home Services

Ownership Group Acquires Shasta Pools, Announces Expansion Plans to Offer Complete Home Services

SCOTTSDALE, Arizona (August 31, 2026) – Dansons Capital Group, in partnership with Accrual Equity Partners (AEP) and Hydro Construction (HydroCon), completed the acquisition of Shasta Pools, Phoenix Metro’s most recognized pool builder, and announced an immediate expansion into the broader home services market with plans to grow the brand into a national powerhouse. Founded in 1966 by brothers Bob and Skip Ast, the third-generation, family-owned pool business has built or renovated more than 150,000 pools across Maricopa County and is among the country’s top premier pool builders. The acquisition, finalized August 6, positions the company with a competitive edge as it enters a new phase of accelerated growth.

Building on Shasta’s track record of success, the ownership group will grow the company’s core business divisions, including residential and commercial pool construction and renovation, Shasta Signature Series luxury pool designs, backyard hardscaping solutions, extended warranties, and e-commerce supplies. The deal also directs new capital into Shasta’s high-volume, recurring pool maintenance business, establishing a scalable foundation for an expanded home services portfolio.

Expanding the Home Services Model

Shasta Pools will also debut Shasta Home Services, the first step in the company’s expansion into a comprehensive home services platform. Shasta enters the space with more than 200,000 customer relationships, route density in Central Arizona, and a 60-year brand homeowners have entrusted with their homes. The company plans to aggressively expand the platform organically and through partnership across the essential services every home depends on.

In addition, work has begun on a new, state-of-the-art design center and headquarters in Scottsdale that will centralize operations and give customers a welcoming, creative atmosphere to reimagine their yards. The campus will also anchor a technology-driven contact center staffed by a world-class team that creates a single point of contact for every Shasta customer, from pool service to the company’s expanding home services platform.

A Partnership Rooted in Shared Values

Dansons Capital Group, a family business led by CEO Dan Thiessen, President Jeff Thiessen, and COO Jordan Thiessen, built and grew a portfolio of backyard-focused businesses including Pit Boss Grills, which they scaled into a worldwide brand before selling in June 2023.

Jeff Thiessen sparked a relationship with the Ast family during the construction of his own backyard pool, a personal experience that gave him firsthand insight into the industry’s potential. Recognizing the Ast family’s shared values and significant opportunity with strategic investment, he partnered with AEP and HydroCon to pursue that growth together.

“Shasta Pools has national industry brand recognition and has been an Arizona legacy for the last 60 years and we’re excited to reinvest in the company and catapult its growth into the next 60 years,” said Jeff Thiessen, President, Dansons Capital Group. “We’ve already met with more than 200 employees to learn what they love about Shasta Pools and hear their ideas of how we can grow the company and continue providing our customers with amazing customer service.”

Dan Thiessen will serve as Chairman and lead the new ownership team to identify and hire top industry talent and grow Shasta’s home services platform to develop it into a national brand.  

Legacy Preserved, Future Secured

“This was the right time to bring in a new ownership team to take Shasta Pools to the next level and the next generation of growth,” said Skip Ast Jr., who served as president at Shasta Pools. “My father and my family built this company on a commitment to quality to every homeowner who trusted us with their backyard, their budget, and their own family. We’re confident that the new leadership team’s commitment to uphold that will never change. Knowing this team shares our values and will invest in our team gives Shasta Pools the foundation to grow stronger than ever.”

Ast helped build Shasta Pools to a dominant force in the industry, with multiple divisions topping $100 million in combined revenue. The company holds membership in the prestigious Master Pools Guild, one of only 110 members globally.

A Different Approach to Private Equity

“Partnering with Shasta Pools represents the future of home services. A trusted, generational brand, Shasta brings 200,000 loyal customer relationships with a genuine commitment to the people who serve them every day,” said Jacob Tilzer, Co-Founder and Managing Partner at Accrual Equity Partners. “Together with our partners at Dansons Capital Group and Hydro Construction, we all share a belief that enduring businesses are built on trust, earned one customer at a time. We’re proud to build alongside this team as Shasta grows into a nationwide home services brand.”

The new ownership group brings more than 150 years of combined expertise in building, scaling, and optimizing service industry brands. Each company shares a faith-based approach to business grounded in stewardship, integrity, and care for the communities they serve. Shasta Pools’ brand will continue its community programs, including swim lessons, support for foster care, and initiatives serving first responders.

PEI-Genesis Expands Asia-Pacific Capabilities with 6th Value-Add Production Facility in Pune, India

PUNE, India, Sept. 1, 2026 /PRNewswire/ — PEI-Genesis, a global leader in the design and assembly of custom-engineered interconnect solutions, proudly announces the expansion of its manufacturing footprint in Asia with the opening of a new production facility in Pune, India.

The Pune facility commenced operations on July 1, 2026, and has already successfully shipped its first customer order, marking an important milestone in PEI-Genesis’s long-term commitment to serving customers across India and the broader Asia-Pacific region. The investment strengthens the company’s regional supply chain while bringing expanded manufacturing capabilities, shorter lead times, and greater flexibility closer to customers.

PEI-Genesis Expands Asia-Pacific Capabilities with 6th Value-Add Production Facility in Pune, India

The Pune facility is PEI-Genesis’s sixth production facility worldwide and its second in the Asia-Pacific region, following the Zhuhai, China, facility. The site will provide value-added assembly of Mil-Spec circular MIL-DTL-38999 series connectors for customers in aerospace, aviation, defense and other demanding industries. Certified to assemble D38999 Series Qualified Parts List (QPL) connectors, the facility will also maintain locally stocked inventory from leading global connector manufacturers for customers in India and across the broader Asia-Pacific region. With 48-hour lead times for value-added connectors, low to no minimum order quantities and the ability for domestic customers in India to transact in Indian Rupees, the Pune facility will deliver faster, more flexible access to critical interconnect solutions while enhancing supply chain efficiency and reliability.

“Expanding our capabilities in Pune is an important step in PEI-Genesis’s long-term commitment to India and the broader Asia-Pacific region,” said Steven Fisher, CEO, PEI-Genesis. “By bringing value-added assembly closer to our customers, we can provide faster access to critical interconnect solutions while giving customers greater flexibility in how they source and configure their products. This investment strengthens our ability to support the region’s growing aerospace, defense, aviation and industrial markets, while reinforcing the qualities PEI-Genesis has delivered for eight decades: technical expertise, speed, reliability and exceptional customer service.”

PEI-Genesis’s expansion in Pune coincides with the company’s 80th anniversary in 2026, celebrating eight decades of innovation, engineering expertise and unwavering commitment to its customers. Founded in Philadelphia in 1946, PEI-Genesis has grown from a strong foundation into a global organization, continually expanding its manufacturing and distribution capabilities to support customers’ evolving needs. Today, the company’s six production facilities across North America, Europe and Asia form an increasingly connected global network, combining local capabilities with worldwide expertise.

The addition of Pune represents the latest chapter in PEI-Genesis’s 80-year journey, strengthening the company’s presence in India and further expanding its ability to bring engineering expertise, value-added assembly and reliable interconnect solutions closer to customers around the world.

“India is a critical growth market for PEI-Genesis,” said Alex Tsui, Vice President & Managing Director, Asia Pacific, PEI-Genesis. “The expansion of our Pune facility reflects our long-term investment in the region and our dedication to helping customers accelerate innovation with reliable interconnect solutions.”

About PEI-Genesis 

PEI-Genesis is one of the world’s fastest assemblers of interconnect solutions. From the largest connector component inventory in the world, they develop engineered solutions that support the military, industrial, medical, aerospace, transportation, and energy sectors worldwide. Headquartered in Philadelphia, PA, PEI-Genesis has production facilities in South Bend, IN; Southampton, UK; Louny, Czech Republic; Zhuhai, China; and Pune, India, as well as sales offices throughout the Americas, Europe, and Asia. More information may be found at www.peigenesis.com.

Media Contact:  

PEI-Genesis

Lisa Quek

Senior Marketing Manager, APAC

lisa.quek@peigenesis.com 

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PEI-Genesis Expands Asia-Pacific Capabilities with 6th Value-Add Production Facility in Pune, India

Vijay Mohan Raj unanimously elected TAAI Chairman for AP & Telangana

 

Vijay Mohan Raj unanimously elected TAAI Chairman for AP & Telangana

 Hyderabad, Sept 1: In a significant development for the travel and tourism industry in Andhra Pradesh and Telangana, Mr. Vijay Mohan Raj has been unanimously elected Chairman of the Travel Agents Association of India (TAAI), AP & Telangana Chapter.

The Travel Agents Association of India (TAAI), established in 1951, is one of India’s oldest and largest organisations representing travel agents and travel trade professionals.  His election is particularly significant as TAAI is celebrating its 75th year, marking seven-and-a-half decades of representing and strengthening India’s travel trade.

A veteran of the travel and tourism industry, Vijay Mohan Raj returns to the leadership of TAAI after a gap of 20 years. With several decades of experience in the industry and leadership roles at national and international levels, he brings extensive expertise and a global perspective to his new role.

Mr. Vijay Mohan Raj has also achieved a rare distinction in the international travel and tourism fraternity. He was elected as an International Director of SKÅL International, becoming only the third Indian to be elected to this prestigious position. He is among the select three Indians who have been chosen as International Directors of SKÅL International.

SKÅL International is the world’s largest organisation of travel and tourism professionals, with a presence spanning nearly 90 countries.

Prior to his election as International Director, Vijay Mohan Raj served as President of SKÅL Hyderabad from 2014 to 2018. He also played a key leadership role as Chairman of the SKÅL World Congress held in Hyderabad, bringing the prestigious international tourism gathering to the city.

Speaking on his unanimous election, Mr. Vijay Mohan Raj said: “I am deeply honoured by the unanimous confidence placed in me by the members of TAAI AP & Telangana. Returning to the leadership of TAAI after 20 years, particularly in its 75th year, is both a privilege and a responsibility. I look forward to working collectively with our members and stakeholders to make our travel trade stronger, more united and future-ready.”

He said the travel and tourism industry is going through a period of rapid transformation, driven by technology, changing traveller preferences, increased connectivity and the emergence of new tourism segments.

Andhra Pradesh and Telangana offer tremendous opportunities for growth in domestic and international tourism, with Hyderabad emerging as an important hub for business travel, MICE, leisure, medical tourism and international connectivity.

As Chairman, Mr. Vijay Mohan Raj is expected to focus on strengthening unity among travel agents, creating new business opportunities, professional development, industry advocacy, tourism promotion and closer engagement with governments, airlines, tourism organisations and other stakeholders.

His extensive experience with both TAAI and SKÅL International is expected to bring a valuable national and global perspective to the AP & Telangana chapter.

The unanimous election of Vijay Mohan Raj comes at a landmark moment in TAAI’s history and is a strong recognition of his four-decade-plus association with the travel and tourism industry and his leadership at both national and international levels.

 

PARSOL® Shield Approved by FDA, dsm-firmenich Setting a New Era for U.S. Sun Protection

KAISERAUGST, Switzerland and MAASTRICHT, Netherlands, Sept. 1, 2026 /PRNewswire/ — dsm-firmenich, innovators in nutrition, health, and beauty, proudly announces the FDA approval of PARSOL® Shield (bemotrizinol, BEMT) for the U.S. market, making it the first new sunscreen active approved in the United States in more than 25 years under modernized GRASE (Generally Recognized as Safe and Effective) and MUsT (Maximal Usage Trial) evaluation guidelines.

PARSOL® Shield Approved by FDA, dsm-firmenich Setting a New Era for U.S. Sun Protection

The approval marks a major milestone for sunscreen innovation and public skin health in the United States, helping expand access to next-generation UV protection while opening new possibilities for formulators across the industry.

PARSOL® Shield approval represents an important step forward not only for dsm-firmenich, but for the future of sun protection in the U.S.,” said Parand Salmassinia, Beauty & Care President at dsm-firmenich. “This milestone reflects years of scientific leadership, regulatory collaboration, and commitment to bringing meaningful innovation to consumers.”

Clinical studies with PARSOL® Shield (BEMT), involving nearly 500 participants representing the diversity of the U.S. population, demonstrated exceptional UV efficacy, excellent tolerability, and an excellent safety profile.

PARSOL® Shield (BEMT) helps address real consumer needs, from reducing the risk of skin cancer to protecting against long-term UV-induced skin damage and premature photoaging. For formulators, it enables silky, lightweight sunscreen textures with strong photostability and formulation flexibility.

“This approval marks a landmark step for sun protection in the United States,” said Dr. Jochen Klock, Director Global Regulatory Affairs, Beauty & Care at dsm-firmenich. “It closes a longstanding innovation gap in the U.S. sunscreen market and reflects a modern scientific and regulatory standard that can help expand access to advanced UV protection for American consumers.”

Already approved across multiple global regions, PARSOL® Shield (BEMT) also enables the development of global sunscreen formulations that simplify product strategy, reduce formulation complexity, and accelerate speed-to-market.

Its broad-spectrum protection is a key benefit, while its high efficiency at low concentrations contributes to a strong eco-profile and helps brands address evolving sustainability expectations and reporting requirements.

“Our customers have been waiting for more flexibility and innovation in the U.S. sunscreen market for years,” said Ashley Lebbe, Vice President, Global Sales Beauty & Care at dsm-firmenich. “PARSOL® Shield opens new opportunities to create future-ready sunscreen solutions with global scalability and elevated consumer experience.”

The approval reinforces dsm-firmenich’s long-standing commitment to public skin health advocacy, including collaborations with regulators, NGOs, legislators, and organizations such as the Skin Cancer Foundation and Destination Healthy Skin initiative.

PARSOL® Shield

Sun Protection, Redefined.

Discover more

FDA Official Announcement

About dsm-firmenich

As innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world’s growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for people and the planet. dsm-firmenich is a Swiss company with dual headquarters in Kaiseraugst, Switzerland and Maastricht, Netherlands, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life every day, everywhere, for billions of people. www.dsm-firmenich.com

LinkedIn | X | Instagram | Facebook

For forward-looking statements, click here.

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PARSOL® Shield Approved by FDA, dsm-firmenich Setting a New Era for U.S. Sun Protection

Infineon and Tack One win SICC Award for Best Technological Collaboration

  • Singapore International Chamber of Commerce (SICC) honors Infineon and Tack One for Best Technological Collaboration and as finalist for Most Sustainable Collaboration.
  • FloodFinder™, a smart urban flood monitoring system, combines Infineon’s sensing and semiconductor technologies with Tack One’s ultra-low-power IoT expertise to deliver real-time, accurate flood detection.
  • The palm-sized, solar-powered solution is designed for scalable deployment in urban and rural communities, helping improve flood preparedness and climate resilience.

SINGAPORE, Sept. 1, 2026 /PRNewswire/ — Infineon Technologies Asia Pacific Pte Ltd and Tack One Pte Ltd have been recognized by Singapore International Chamber of Commerce (SICC)  as the winner of the “Best Technological Collaboration” category and as a finalist in the “Most Sustainable Collaboration” category at the 2026 SICC Awards ceremony, for their partnership in developing FloodFinder™, a smart urban flood monitoring system.

The collaboration between the two companies has produced FloodFinder™, a patent-pending, self-sustaining system that enables rapid, real-time flood data collection without the need for external infrastructure. By combining Infineon’s advanced sensing and semiconductor technologies with Tack One’s expertise in ultra-low-power IoT system design, wireless communication, deployment and cloud integration, the solution delivers precise water-level detection through pressure and environmental sensing.

Designed for both urban and rural deployment, FloodFinder™ helps enhance flood preparedness and supports data-driven decision-making for government agencies and communities, even when the energy grid is down. The system is already protecting communities across Brunei, Taiwan, the Philippines, Malaysia and Thailand.

“We are proud to receive this recognition from SICC for our collaboration with Infineon,” said Justin Zhang, CEO of Tack One Pte Ltd. “FloodFinder™ was developed to address a critical gap in urban flood monitoring by combining advanced sensing with ultra-low-power IoT innovation. The result is a practical, scalable and sustainable solution that can be deployed where it is needed most.”

“Together with Tack One, we have developed a solution that brings together advanced sensing, efficient system design and ease of deployment to address an urgent environmental challenge using Infineon’s state-of-the-art XENSIV™ sensors,” said CS Chua, President and Managing Director of Infineon Technologies Asia Pacific. “This recognition from SICC highlights the strength of cross-industry collaboration in creating technologies that are not only innovative and cost-effective, but also scalable, sustainable and capable of delivering meaningful impact for communities.”

The partnership demonstrates how deep technical collaboration between a Singapore-based IoT hardware company and a global semiconductor leader can go beyond a traditional supplier-customer model. Together, Tack One and Infineon co-developed a solution that reduces reliance on external infrastructure, supports energy efficiency and enables scalable adoption in infrastructure-limited environments.

The SICC Awards recognition highlights the role of cross-industry innovation in building resilient, sustainable solutions that address pressing real-world challenges.

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 57,000 employees worldwide (end of September 2025) and generated revenue of about €14.7 billion in the 2025 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press

Follow us: Facebook – LinkedIn

– Picture is available at AP –

Media contact

Moses Mok

e-Mail: moses.mok@infineon.com

Tel.: +6597729383

About Tack One

Tack One Pte Ltd is a Singapore-based IoT hardware and location intelligence company. Its Tack EVO line designs ultra-low-power, infrastructure-light IoT systems, including FloodFinder™, a self-sustaining flood monitoring solution now deployed across Brunei, Taiwan, the Philippines, Malaysia and Thailand, for utilities and government agencies managing climate and water risk. Its Tack GPS line, paired with the OurSphere app, brings the same hybrid connectivity and cloud engineering to consumer location tracking for families, pets and valuables. Across both lines, Tack One focuses on practical, scalable engineering that performs reliably even where power and network infrastructure are limited.

Further information is available at www.tackevo.com and www.tackgps.app

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Infineon and Tack One win SICC Award for Best Technological Collaboration

MARKET-LEADING CAPITAL MARKETS AND M&A PARTNERS TO JOIN LATHAM & WATKINS IN HONG KONG

Highly regarded partners Grace Huang and Edward Freeman will further strengthen Latham’s preeminent platform in Asia, bringing deep expertise in sophisticated cross-border transactions.

HONG KONG, Sept. 1, 2026 /PRNewswire/ — Latham & Watkins LLP is pleased to announce that Grace Huang and Edward Freeman will join the firm as partners in the Hong Kong office. Huang will join the Capital Markets Practice, while Freeman will join the M&A and Private Equity Practice. Widely recognized as among a small group of elite practitioners in their respective fields, the arrival of Huang and Freeman marks a significant milestone in the expansion of the firm’s preeminent transactional platform in Asia.

MARKET-LEADING CAPITAL MARKETS AND M&A PARTNERS TO JOIN LATHAM & WATKINS IN HONG KONG

“We are delighted to welcome Grace and Ed to the firm,” said Posit Laohaphan, Managing Partner of Latham’s Asia offices. “Not only do they have highly complementary practices, but their experience and strong synergies with our platform in Asia and globally will further enhance our market-leading transactional offering across capital markets and public M&A. Grace and Ed are fantastic additions to our team and will bring a wealth of experience to our existing capabilities.”

“Ed and Grace are a great fit for our practice. Beyond adding two very talented partners to our team, they also bring strong commercial acumen and deep connections throughout the market and wider region that are invaluable. It is an exciting development for our practice, and they will be significant contributors to the growth and continued success of our firm in Asia and beyond,” said Amy Beckingham, Vice Chair of Latham’s Global Corporate Department.

Huang brings extensive experience advising on high profile and complex dual and triple primary listings, secondary listings, SPAC listings, and listings of overseas companies. She also serves as a member of the Hong Kong Stock Exchange’s Listing Review Committee and a member of the Hong Kong Securities and Futures Commission’s Takeovers and Mergers Panel and Appeal Committee.

“We are thrilled to welcome Grace to our strong and growing team. She has a standout reputation in the Hong Kong market for advising on first-of-their-kind transactions and other landmark equity capital markets mandates,” said Stelios Saffos, Global Chair of Latham’s Capital Markets and Public Company Representation Practices and Global Chair of the Hybrid Capital Practice. “Grace is widely recognized as one of the leading equity capital markets partners in Asia, with a practice distinguished by complex issuer-side mandates, trusted relationships with many of the region’s leading corporates, and leadership within the Hong Kong legal and regulatory community. With Grace joining our market-leading team, no other firm offers the breadth, depth, and sophistication we deliver in equity capital markets work in Hong Kong and across Asia.”

Freeman is one of Hong Kong’s leading public M&A practitioners, with a strong market reputation for advising on complex, cross-border takeovers, privatizations, and contested transactions, acting for offerors, targets, and financial advisers. He has extensive experience advising companies, private capital investors, financial intermediaries, and insurers on acquisitions, disposals, investments, joint ventures, and advisory matters throughout the Asia-Pacific region.

“Ed brings many complementary strands to our practice in Asia that support our strategic priorities in the region and our position as one of the world’s elite M&A firms. He has an outstanding track record leading transformative deals across industries for both corporates and private equity firms. His integrated approach and 360-degree view of the market perfectly complements our practice and the type of cutting-edge advice for which clients turn to Latham,” said Paul Kukish, Global Co-Chair of Latham’s M&A and Private Equity Practice.  

Cindy Kwong will join as counsel alongside Huang and Freeman. Kwong’s practice focuses on equity capital markets and listed company compliance, and she regularly advises corporates and financial institutions on high‑profile and complex matters.

The arrival of Huang, Freeman, and Kwong follows the recent additions of Angie Ng, one of Asia’s most highly regarded antitrust partners, who joined the firm in Singapore, and Rhys McWhirter, a prominent technology transactions partner with deep data and tech experience, who joined the firm in Hong Kong.

Huang, Freeman, and Kwong will join Latham & Watkins from Freshfields.

About Latham & Watkins (lw.com)

Latham & Watkins is a leading global law firm that brings together exceptional legal talent in financial centers around the world to advise on complex transactions, litigation, and regulatory matters. The firm’s deep market and product knowledge, industry experience, vast scale, and commitment to innovation and excellence help clients navigate their most critical challenges and achieve their goals.

Notes to Editors

Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Hong Kong, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practice in Japan. Latham & Watkins operates in Israel through a limited liability company, in South Korea as a Foreign Legal Consultant Office, and in Saudi Arabia through a limited liability company.

Contacts

Posit Laohaphan, Managing Partner of Latham’s Asia offices, +852.2912.2698

Amy Beckingham, Vice Chair of Latham’s Global Corporate Department, +852.2912.2550

Stelios Saffos, Global Chair of Latham’s Capital Markets and Public Company Representation Practices and Global Chair of the Hybrid Capital Practice, +1.212.906.4520

Paul Kukish, Global Co-Chair of Latham’s M&A and Private Equity Practice, +1.212.906.1725

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MARKET-LEADING CAPITAL MARKETS AND M&A PARTNERS TO JOIN LATHAM & WATKINS IN HONG KONG

One-Time Farmer Registration Could Bring Major Relief to Farmers by Eliminating the Need for Repeated Registration

Bhubaneswar,  Sept 1 [UDN}:One-Time Farmer Registration Could Bring Major Relief to Farmers

 Proposal for 5-Year Registration for Record-Holding Farmers, 1-Year Registration for Sharecroppers

Farmers May Soon Get Relief from the Hassle of Annual Registration

Five-Year Registration for Farmers Could Be a Historic Step for Their Convenience

 One-Time Registration: A Major Gift for Farmers to End Annual Hassles

LX Pantos Thailand Opens Newly Renovated Bangkok Office to Support Business Growth

SEOUL, South Korea and BANGKOK, Sept. 1, 2026 /PRNewswire/ — LX Pantos Thailand has officially opened its newly renovated office at Lake Rajada Office Complex in Bangkok, following an opening ceremony held on August 7, 2026. The renovation reflects the company’s commitment to fostering a more collaborative workplace while supporting its long-term growth and strengthening its market presence in Thailand.

The office now spans the 17th and 19th floors, covering a total area of 883 square meters. The upgraded workplace is expected to improve operational efficiency and support the company’s expanding business in Thailand.

The opening ceremony was attended by Lee Jong Chan, CEO of LX Pantos Asia, and Yoon Jungyeon, Managing Director of LX Pantos Thailand, highlighting the strategic importance of the renovation as part of the company’s continued expansion in the local market.

Yoon Jungyeon, Managing Director of LX Pantos Thailand, said, “This renovation is designed to create a brighter and more open workspace that supports better communication, enhances employee satisfaction, and fosters a more positive working environment. We believe this new space will help strengthen our operations and support our long-term growth in Thailand.”

Employees responded positively to the upgraded workspace, highlighting the improved layout and meeting facilities.

This renovation marks an important step in strengthening LX Pantos Thailand’s workplace environment and supporting its long-term business development in one of Southeast Asia’s key logistics markets.

About LX Pantos Thailand

Established in 2003, LX Pantos Thailand is a leading provider of integrated logistics and supply chain solutions, offering services including international freight forwarding, warehousing, distribution, cross-border transportation, last-mile delivery, and installation services. As part of LX Pantos, a leading global logistics provider headquartered in Korea, the company delivers comprehensive logistics solutions through a worldwide network spanning more than 40 countries.

LX Pantos Thailand employees pose for a group photo at the opening ceremony

 

LX Pantos Thailand Opens Newly Renovated Bangkok Office to Support Business Growth

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LX Pantos Thailand Opens Newly Renovated Bangkok Office to Support Business Growth

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.90 Million Tokens, and Total Crypto and Total Cash Holdings of $15.6 Billion

Bitmine owns 4.9% of the total ETH coin supply of 120.7 million

Bitmine is 98% of the way to the ‘Alchemy of 5%’ in just 15 months

ETH is the best performing macro asset in 3Q26 so far, outperforming the S&P 500 by 5,430bp

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026

Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP

Bitmine has 5,067,309 staked ETH, representing $12.7 billion at $2,511 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors

Bitmine owns $81 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI

Bitmine Crypto + Total Cash Holdings & Marketable Securities + “Moonshots” total $15.6 billion, including 5.90 million ETH tokens, total cash & marketable securities of $541 million, and other crypto holdings

Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH

NORWALK, Conn., Aug. 31, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + “moonshots” holdings totaling $15.6 billion.

Bitmine Weekly Update

As of August 30, 2026 at 3:00pm ET, the Company’s crypto holdings are comprised of 5,901,112 ETH at $2,511 per ETH (per Coinbase NASDAQ: COIN), 211 Bitcoin (BTC), $180 million stake in Beast Industries, $81 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $541 million. Bitmine’s ETH holdings are 4.9% of the ETH supply (of 120.7 million ETH).

“As we enter the final month of 3Q26, ETH is the best performing macro asset, outperforming the S&P 500 by 5,430bp through last Friday. In fact, the top 3 performing assets since June 30th are ETH, BTC and SOL,” stated Thomas “Tom” Lee, Chairman of Bitmine. “We believe this sets the stage for institutions to add to their crypto holdings given the substantial outperformance of crypto versus other macro assets in 3Q so far.”

“We believe there are multiple positive catalysts as we head into the final months of 2026,” stated Lee. “These include the upcoming CLARITY Act vote scheduled in mid-Sept. Additionally, Korean investors have again started buying crypto and rotating away from AI stocks. The 4-year cycle is bottoming within the next few weeks in our view. And this sets the stage for what we expect to be sizable institutional participation in buying crypto in the final months of 2026, especially given the tailwinds of tokenization and Agentic-AI.”

“This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to bitcoin. These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains,” continued Lee.

“Over the past week, we acquired 53,501 ETH. Bitmine has bought ETH for each of the past 65 weeks (every week since the inception of the ETH Treasury Strategy on June 30, 2025),” stated Lee.

On July 16, 2026, Bitmine released the latest Chairman’s Message (link here) for July 2026. The title of the Message is “ETH is the cure for the Uncanny Valley of Wealth.”

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.

As of August 30, 2026, Bitmine total staked ETH stands at 5,067,309 ($12.7 billion at $2,511 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $390 million on an annualized basis (using 2.63% 7-day BMNR yield),” stated Lee.

“Annualized staking revenues are now projected at $335 million. And this 5.1 million ETH is 86% of the 5.90 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.63% (annualized),” continued Lee.

Bitmine is one of the most widely traded stocks in the US. According to data from Fundstrat, the stock has traded average daily dollar volume of $1.36 billion (5-day average, as of August 29, 2026), ranking #62 in the US, behind Texas Instruments (rank #61) and ahead of UnitedHealth Group (rank #63) among 5,704 US-listed stocks (statista.com and Fundstrat research).

Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc. (NASDAQ: MSTR), which reportedly owns 840,447 BTC valued at approximately $66 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission’s (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

The Chairman’s message can be found here:

https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/ 

To stay informed, please sign up at: https://Bitminetech.io/contact-us/ 

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries (“Bitmine” or the “Company”), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world’s leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company’s activities further include investments in early-stage blockchain opportunities (“moonshot” investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X:

https://x.com/bitmnr

https://x.com/fundstrat

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” “view,” “see,” or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company’s goal of acquiring 5% of the total ETH supply (the “Alchemy of 5%” initiative) and statements regarding its progress toward this goal; (ii) the Company’s digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions and the Company’s status as the largest ETH treasury in the world; (iii) the Company’s staking operations, including projected annualized ETH staking rewards of approximately $396 million at scale (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners), currently projected annualized staking revenues of approximately $340 million, and the 7-day yield of 2.67% (annualized); (iv) MAVAN’s intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure, and its intended position as a premier Ethereum staking destination for BMNR and institutional investors; (v) expectations regarding future ETH and other digital asset price performance, including statements regarding ETH’s performance relative to the S&P 500 and other macro assets in 3Q26 and the expectation that institutions will add to their crypto holdings; (vi) management’s belief that multiple positive catalysts exist heading into the final months of 2026, including the CLARITY Act vote scheduled for mid-September 2026, renewed buying by Korean investors and rotation away from AI stocks, the view that the four-year crypto cycle is bottoming within the next few weeks, and the expectation of sizable institutional participation in buying crypto in the final months of 2026, including the anticipated tailwinds of tokenization and agentic-AI; (vii) statements and expectations regarding the ETH/BTC ratio, including that the ratio will rise in the upcoming crypto cycle driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains; (viii) management’s belief that the GENIUS Act and SEC Project Crypto are “as transformational to financial services” as the end of the Bretton Woods system in 1971, and that the resulting investments will prove better than gold; (ix) statements regarding the Company’s investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI, and its investment in Beast Industries; (x) statements regarding the value of the Company’s crypto, cash, marketable securities, and “moonshot” holdings, including aggregate holdings of $15.6 billion and ETH holdings representing 4.9% of the total ETH supply; and (xi) the future growth, advancement, and strategic direction of the Company’s Ethereum treasury strategy, blockchain infrastructure capabilities, bitcoin mining operations, and MAVAN staking platform.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin, and the speculative nature of digital asset investments; the risk that historical ETH price movements and relative performance versus other macro assets will not recur or are not indicative of future performance; the Company’s reliance on third-party pricing sources and reported market values in calculating the value of its crypto, cash, marketable securities, and “moonshot” holdings, and the risk that such values fluctuate materially after the date and time referenced in this release; changes in market conditions affecting the trading price and trading volume of the Company’s common stock and Series A Preferred Stock, and the risk that the Company’s inclusion in the Russell 1000 index does not produce anticipated benefits; the Company’s ability to successfully execute its digital asset acquisition strategy and achieve its ETH accumulation targets, including the “Alchemy of 5%” goal; the Company’s ability to finance its business operations, Ethereum treasury operations, and MAVAN expansion; operational, security, and technological risks associated with the Company’s staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; the risk that actual staking participation, yields, rewards, and revenues differ materially from the projected amounts described in this release, which are based on a 7-day yield and assume ETH is fully staked at scale; competition in the digital asset treasury, staking, and mining industries; the Company’s dependence on key personnel, including executive leadership; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the timing and outcome of the scheduled CLARITY Act vote and the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company’s investments in early-stage blockchain opportunities (“moonshot” investments), including the investments in Eightco Holdings and Beast Industries and any indirect exposure to OpenAI; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, investor flows in international markets, and general economic conditions affecting investor sentiment toward digital assets; the accuracy of management’s expectations regarding the ETH/BTC ratio and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles, including whether the four-year cycle bottoms as anticipated and whether institutional participation materializes; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company’s assets in digital currencies, particularly Ethereum; and the other risk factors described in the Company’s filings with the SEC.

The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management’s current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC’s website at www.sec.gov and on the Company’s website at https://Bitminetech.io/investor-relations/. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.

Asset Performance Relative to S&P 500 Since June 20, 2026

ETH/BTC Ratio: Future Tailwinds of Tokenization and AI

STAKING: BMNR now staking over 5 million ETH as of August 30, 2026

ALCHEMY of 5%: BMNR ranked #62 by 5D avg daily $ volume

Bitmine Immersion Technologies, Inc. (NYSE: BMNR)

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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.90 Million Tokens, and Total Crypto and Total Cash Holdings of $15.6 Billion

GIGABYTE Highlights What Drew Gamers at Gamescom 2026 with AORUS INFINITY and Immersive Gaming Experiences

TAIPEI, Aug. 31, 2026 /PRNewswire/ — GIGABYTE, the world’s leading computer brand, concluded Gamescom 2026 with strong gamer engagement at its AORUS INFINITY showcase, where flagship gaming hardware, intelligent technologies, and distinctive PC design came together through hands-on experiences. From high-performance desktop builds and AI gaming laptops to OLED gaming monitors and peripherals, gamers experienced the performance, responsiveness, and visual immersion of the latest AORUS lineup.

GIGABYTE Highlights What Drew Gamers at Gamescom 2026 with AORUS INFINITY and Immersive Gaming Experiences

At the center of the showcase, the AORUS INFINITY Series brought GIGABYTE’s engineering expertise into a unified gaming ecosystem. The X870E AORUS INFINITY NEXT motherboard combines aerospace-inspired engineering with advanced power and thermal design, including 3D metal-printing technology. Paired with AORUS GeForce RTX™ 50 Series INFINITY graphics cards featuring the WINDFORCE HYPERBURST cooling system, the platform sustains performance during demanding gameplay. The AORUS C510 GLASS INFINITY chassis completes the setup with an integrated 16-inch display and flexible placement options, turning the PC itself into part of the gaming experience.

The AORUS MASTER 16 GEN 2 AI gaming laptop and AORUS RTX™ 5060 Ti AI BOX gave visitors a hands-on look at how AI can enhance gaming setups. With GIGABYTE’s exclusive GiMATE AI agent, players experienced intuitive system control and real-time performance optimization, while GPU Selector demonstrated how GPU resources can be intelligently deployed between the laptop and external GPU. The AORUS MASTER 16 GEN 2 was also named a CHIP Highlight at Gamescom 2026, recognizing its gaming performance, intelligent optimization, and advanced thermal design.

AORUS OLED gaming monitors were another crowd favorite, allowing players to experience OLED responsiveness and visual clarity in fast-paced gameplay. The FO27Q28G and FO27Q24G combine QHD WOLED panels, refresh rates of up to 280Hz, and 0.03ms response times, while GIGABYTE Tactical Features support competitive play. Deep contrast, smooth motion, and quick response created a more immersive experience across the gaming area.

Beyond performance, visitors also explored STEALTH cableless builds and the WOOD Series, highlighting how gaming PCs can combine clean layouts with distinctive personal style. As GIGABYTE continues its 40th anniversary celebrations, AORUS INFINITY at Gamescom 2026 marks another chapter in the brand’s four-decade journey of gaming innovation. Bringing together performance, intelligent technologies, and distinctive design, the showcase reflects GIGABYTE’s engineering legacy while shaping the future of gaming experiences worldwide. For more details, please visit the official website.

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GIGABYTE Highlights What Drew Gamers at Gamescom 2026 with AORUS INFINITY and Immersive Gaming Experiences