IODM is well-positioned in the growing fintech space to meet rising demand for accounts receivable automation, with recent North American expansion underscoring its global scalability and recurring revenue potential.
A key strength is IODM’s capability to manage complex billing cycles, especially for international payments. As of 2024, the platform is used by ten UK universities, and IODM is actively expanding into North America, Asia, and Europe.
In April 2025, IODM signed a revenue share agreement with leading North American payment provider Convera, targeting the large and growing international student population in the US and Canada. This partnership significantly enhances IODM’s reach in the education sector, particularly with universities seeking more efficient cross-border payment solutions.
IODM Connect is the company’s flagship intelligent accounts receivable platform, designed to automate invoice reminders, payment collections, and cash allocation. Seamlessly integrating with leading ERP systems—including Oracle, SAP, Microsoft Dynamics, and Xero—the platform can be adopted with minimal disruption to existing financial workflows.
A key strength of IODM Connect lies in its ability to streamline time-consuming receivables processes. Automated payment reminders reduce manual follow-ups, while advanced cash allocation and reconciliation tools improve accuracy and speed. This is especially valuable for organizations managing high transaction volumes or cross-border payments, where complexities around currencies and methods can lead to delays and errors.
By simplifying these processes, IODM Connect enhances efficiency, reduces administrative burden, and enables businesses to focus on core operations while maintaining tighter control over cash flow.
IODM has established a network of strategic global partnerships that continue to drive its international expansion. In the education sector, the company has partnered with Convera (formerly Western Union Business Solutions) to streamline cross-border tuition and fee payments. This collaboration has been pivotal in securing IODM’s strong foothold in the UK and EU university markets and is now being extended to support growth in North America.
IODM has also partnered with Corpay (NYSE:CPAY), a global leader in corporate payment solutions, to support enterprise clients in industries such as manufacturing, transport, and logistics. These partnerships provide access to key verticals and geographies without requiring a large regional sales footprint.
By leveraging the infrastructure and client networks of its partners, IODM can scale efficiently, expand its market reach, and accelerate revenue growth globally.
IODM continues to target education and enterprise sectors with complex billing requirements:
Growing demand for IODM’s platform is fueled by key trends in the education sector and among enterprises with international operations. A major driver is the increasing population of international students, particularly in regions such as Europe, North America, and Australia. Universities are under mounting pressure to manage cross-border payments more efficiently, navigating challenges like fluctuating exchange rates, diverse payment methods, and extended processing times. IODM’s platform addresses these complexities by streamlining and automating receivables, helping institutions improve the student payment experience while optimizing operational efficiency.
Rising inflation and higher interest rates have intensified the need for effective cash flow management across both the education and enterprise sectors. Timely and accurate collection of receivables has become essential to maintaining financial resilience. IODM’s automation capabilities reduce manual workloads, minimize errors, and accelerate payment cycles, making it a critical tool for organizations striving to enhance liquidity and financial stability in a challenging economic environment.
Mark Reilly has over 25 years of experience in corporate advisory and insolvency, particularly within the mining, banking, and finance sectors. He has held leadership roles at companies such as Forte Energy, Valor Resources, and BOS Global Holdings. Under his leadership since 2017, IODM has expanded its global footprint, forging strategic partnerships and driving growth in the education and enterprise sectors.
Petrina Halsall worked in critical IT roles across the FMCG, automotive, transport, logistics and public sectors. Notably, she served as head of IT for the Victorian Department of Treasury and held leadership positions at GUD Holdings for seven years. Her extensive background in managing business-critical infrastructure and certified security makes her a key asset for IODM’s operational efficiency.
James Burke has extensive experience in overseeing complex technological infrastructures and security systems. Before joining IODM, Burke held roles that focused on critical infrastructure management in various sectors. His leadership and technical skills in IT security have played a crucial role in developing and maintaining the robust technological infrastructure at IODM, helping the company achieve scalable growth.
Graham Smith has over six years of experience in the financial services industry. Before joining IODM, he worked at Western Union Business Solutions in various roles, including regional manager for channels and partnerships. Smith’s expertise in managing partnerships and expanding business into new regions is central to IODM’s continued growth in these key international markets.
Cloud-based cash flow optimisation solution for medium and large enterprises
Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based innovator in nature-based carbon credits, today provided an update on its ongoing corporate transformation and operational milestones.
As part of its previously announced strategic shift to focus exclusively on its high-growth carbon credit business, Hempalta has completed the wind down and closure of its processing facility in Calgary. The facility has now been vacated and decommissioned.
FCC Loan Update
In connection with the plant closure, the Company's wholly owned subsidiary, Hempalta Processing Inc. ("HPI") has received a notice of default from Farm Credit Canada ("FCC") in respect of the Company's obligations under its existing loan agreement and related security (the "Default"). The notice cites technical defaults arising from the cessation of operations and FCC's determination that there is a material adverse change. No monetary payment default has occurred to date.
Equipment Sales
In connection with the Default, and further to the previously announced marketing of the Company's turn-key industrial hemp processing line, including biochar processing equipment (the "Equipment"), the Company is pleased to announce that HPI has entered into a binding asset purchase agreement (the "Purchase Agreement") with an arm's length third party for sale of the Equipment for cash consideration of USD$1,150,000 (the "Purchase Price") (the "Transaction"). The Purchase Agreement includes the payment of a fifty percent deposit of USD$575,000 upon signing, and remains subject to standard closing conditions including but not limited to the receipt of necessary regulatory and shareholder approvals (the "Approvals"), and receipt of the balance of the Purchase Price. In connection with the Purchase Agreement, certain insiders have signed voting support agreements in respect of shareholder approval of the Transaction.
Proceeds from the Transaction will be used to satisfy the outstanding amounts owed to FCC to satisfy the Default, and are also expected to be used to reduce outstanding corporate liabilities and strengthen the Company's balance sheet. The Company expects to call its annual and special shareholders meeting to approve the Transaction and annual items in due course.
Carbon Credit Update
Hempalta is pleased to report continued growth and progress in its carbon credit business:
For the 2024 crop year, approximately 29,000 tonnes of COâ‚‚ sequestration have been calculated using the Company's AI-powered MRV (Measurement, Reporting and Verification) platform. These credits are currently in final verification with Control Union, and once issued, will bring the Company's total verified credits to over 44,000 tonnes when combined with the previously announced 15,325 credits issued for 2023.
Looking ahead to 2025, the Company anticipates continued growth in its carbon credit program driven by expanded farm participation. Final 2025 acreage and sequestration estimates are anticipated to be announced when Hempalta reports its Q2 results at the end of May.
Upcoming Industry Event Participation
Hempalta also announced its participation in Carbon Unbound East Coast, taking place May 21-22, 2025, in New York City. The Company will be showcasing its innovative hemp-based carbon credit methodology and actively engaging with global carbon buyers and partners.
"We continue to execute on our focused carbon-first strategy while responsibly managing the wind down of legacy operations," said Darren Bondar, CEO of Hempalta. "We are continuing to advance our carbon credit platform, and seeing clear momentum in both our sequestration volumes and industry engagement."
About Hempalta
Hempalta Corp. (TSXV: HEMP) is a nature-based carbon credit provider utilizing industrial hemp's potential to sequester carbon. Through its subsidiary Hemp Carbon Standard Inc. (HCS), the Company develops methodologies and supports farmers in monetizing regenerative farming practices. In addition to HCS, through its subsidiary Hempalta Processing Inc., the Company retains its established hemp-based product lines for licensing, supporting a balanced portfolio that addresses modern sustainability needs.
Learn more at www.hempalta.com or contact Investor Relations at invest@hempalta.com.
For more information, please contact:
| Investor Relations Hempalta Corp. Email: info@hempalta.com Website: www.hempalta.com | Hempalta Corp. Web: https://www.hempalta.com/ Email:info@hempalta.com |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information
This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as "will," "expected," "plans," "enable," "positions," "aim," and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts.
Forward-looking information in this news release includes, but is not limited to, statements regarding: the anticipated benefits of the sale of the Equipment; the timing and closing of the Transaction; the receipt of necessary Approvals; ; the Company's ability to execute its carbon credit initiatives; the settlement of the outstanding Default with FCC; the demand for carbon credits increasing; the ability of the Company to successfully scale the Hemp Carbon Standard platform; any future financing of the Company; and the Company's future business development activities.
Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, assumptions regarding: the completion of the Transaction and receipt of Approvals; the settlement of the outstanding Default with FCC;; the expected benefits of the Hemp Carbon Standard platform; the ability of the Company to maintain access to capital markets and financing sources; demand for carbon credits in the voluntary market; the sale of the Equipment and the proceeds from such sales being sufficient to satisfy outstanding debts; required regulatory approvals; and the ability of Hempalta to successfully execute its strategic plans.
Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information, because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.
Actual results may vary from those currently anticipated due to a number of factors and risks, including, but not limited to: General economic conditions and conditions in the capital markets; Regulatory risks relating to approvals required by securities regulators or other governing bodies; Risks associated with debt financing, including repayment obligations; Market risks affecting the voluntary carbon credit market and demand for nature-based carbon credits; Risks affecting the closing of the Transaction and the satisfaction of outstanding conditions; Operational risks, including the ability to successfully implement the Hemp Carbon Standard at scale; Risks associated with future financings and the terms available for such financings; Weather and environmental factors affecting the ability of farms to grow industrial hemp; Risks related to Other risks detailed in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.
The forward-looking information included in this news release is made as of the date of this news release, and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events, or otherwise, except as required by applicable law.
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Radeon RX 9060 XT brings next-gen gaming experiences and FSR 4 ML-powered upscaling to mainstream users –
– Threadripper 9000 Series and Radeon AI PRO R9700 redefine workstation and high-end desktop performance with full-spectrum compute and local AI processing –
TAIPEI, Taiwan, May 20, 2025 (GLOBE NEWSWIRE) -- At COMPUTEX 2025, AMD (NASDAQ: AMD) unveiled its latest breakthroughs in high-performance computing with the launch of Radeonâ„¢ RX 9060 XT and Radeonâ„¢ AI PRO R9700 graphics cards, and Ryzenâ„¢ Threadripperâ„¢ 9000 Series processors. Engineered to address the toughest workloads in gaming, content creation, professional industries and AI development, these new processors push the boundaries of what's possible.
"These announcements underscore our commitment to continue delivering industry-leading innovation across our product portfolio," said Jack Huynh, senior vice president and general manager, Computing and Graphics Group at AMD. "The Radeon RX 9060 XT and Radeon AI PRO R9700 bring the performance and AI capabilities of RDNA 4 to workstations and gamers all around the world, while our new Ryzen Threadripper 9000 Series sets the new standard for high-end desktops and professional workstations. Together, these solutions represent our vision for empowering creators, gamers, and professionals with the performance and efficiency to push boundaries and drive creativity."
The new Radeon RX 9060 XT GPUs are powered by the advanced AMD RDNAâ„¢ 4 architecture and deliver smooth, responsive 1440p gaming with FSR 4 ML-enhanced upscaling, and accelerated ray tracing. For those who build worlds, tell stories through pixels, or chase victory in esports, these cards offer the performance and intelligence to elevate every experience.
AMD also announced the Radeon™ AI PRO R9700, a new GPU built on AMD RDNA™ 4 architecture with second-generation AMD AI accelerators. With 32GB of graphics memory and PCIe® Gen 5 support, it's designed for local AI inference, model finetuning, and complex creative workloads, with scalability for multi-GPU systems.
AMD also introduced the Ryzen Threadripper PRO 9000 WX-Series and Ryzen Threadripper 9000 Series processors — bringing record-setting core counts, massive memory bandwidth, and next-gen platform capabilities to professional and enthusiast desktops. Whether rendering cinematic VFX, simulating real-world physics, or locally fine-tuning billion-parameter AI models, these processors are built to break bottlenecks and accelerate innovation.
AMD Powers Next-Gen Gaming Infused with AI
Designed to unlock ultra-smooth gaming at 1440p, the Radeon RX 9060 XT is built for players who expect more. Equipped with up to 16GB of GDDR6 memory and 32 AMD RDNA 4 compute units, the GPU doubles ray tracing throughput compared to the previous generation, providing gamers with more realistic lighting, shadows, and reflections that bring virtual worlds to life.
Second-generation AI accelerators power features like FidelityFXâ„¢ Super Resolution 4 (FSR 4), which uses machine learning to boost frame rates and image fidelity under even the most demanding rendering conditions. HYPR-RX delivers a full suite of optimizations, including Radeon Super Resolution and Fluid Motion Frames for lightning-fast response times and immersive, tear-free visuals. With support for FP8 data types and structured sparsity, the RX 9060 XT is ready for the next generation of AI-assisted gameplay, creative tools, and generative experiences.
| Model | Compute Units | VRAM | Game Clock (GHz) | Boost Clock 1 (GHz) | Memory Interface | Infinity Cache | TBP | Price (USD SEP) | |
| AMD Radeonâ„¢ RX 9060 XT 8GB | 32 | 8 GB | 2.53 | Up to 3.13 | 128-bit | 32 MB | Starting at 150W | $299 | |
| AMD Radeonâ„¢ RX 9060 XT 16GB | 32 | 16 GB | 2.53 | Up to 3.13 | 128-bit | 32 MB | Starting at 160W | $349 | |
Pricing and Availability
AMD Radeon RX 9060 XT graphics cards are expected to be available from leading board partners including Acer, ASRock, ASUS, Gigabyte, PowerColor, Sapphire, Vastarmor, XFX and Yeston, beginning later this year. The AMD Radeon RX 9060 XT 8GB has an SEP of $299 USD, while the AMD Radeon RX 9060 XT 16GB has an SEP of $349 USD.
AMD Radeon AI PRO R9700: Built for AI-Powered Workstations
Professionals advancing AI development can rely on the AMD Radeonâ„¢ AI PRO R9700 to accelerate local inference, model finetuning, and other data-heavy workflows. With second-generation AI accelerators delivering up to 2x the throughput of the previous generation 2 and full support for the ROCmâ„¢ software stack on Linux, with support for ROCmâ„¢ on Windows coming soon, the R9700 is built for high-performance AI with on-device control and flexibility.
The Radeon AI PRO R9700 also scales effectively in multi-GPU configurations, expanding memory and compute capacity for large models and parallel tasks. This flexibility makes it ideal for advanced workstations tackling complex simulations, real-time rendering, or concurrent AI workloads.
| Model | Compute Units | VRAM | Game Clock (GHz) | Boost Clock 1 (GHz) | Memory Interface | Infinity Cache | TBP |
| AMD Radeonâ„¢ AI PRO R9700 | 64 | 32 GB | 2.35 | Up to 2.92 | 256-bit | 64 MB | 300W |
Pricing and Availability
The new Radeon AI PRO R9700 is expected to be available from leading board partners starting in July 2025.
Ryzen Threadripper 9000 Series Workstations Processors Redefine Performance
The new AMD Ryzen Threadripper PRO 9000 WX-Series and Threadripper 9000 Series processors are purpose-built to handle the most demanding multi-threaded workloads and empower professionals to bring complex visions to life faster than ever.
At the top of the stack, the Ryzen Threadripper PRO 9995WX offers 96 cores and 192 threads, ideal for visual effects, simulation, and AI model development. With up to 384MB of L3 cache and 128 lanes of PCIe® 5.0 connectivity, these processors make short work of large datasets, multi-GPU workloads, and memory-intensive applications. All PRO models come equipped with AMD PRO technologies for enterprise-grade security, manageability, and platform stability, helping to simplify IT operations.
For enthusiasts and creators who demand workstation-grade compute in a high-end desktop (HEDT) platform, the Ryzen Threadripper 9000 Series offers up to 64 cores, enabling efficient content creation, rapid compiling, and local AI training without the need to offload to the cloud, helping to reduce cost, latency and improve privacy.
| Model | Cores/Threads | Base Frequency | Boost Frequency 1 | TDP | Total Cache |
| AMD Ryzenâ„¢ Threadripperâ„¢ PRO 9995WX | 96 C / 192 T | 2.5 GHz | 5.4 GHz | 350W | 480 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ PRO 9985WX | 64 C / 128 T | 3.2 GHz | 5.4 GHz | 350W | 320 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ PRO 9975WX | 32 C / 64 T | 4.0 GHz | 5.4 GHz | 350W | 160 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ PRO 9965WX | 24 C / 48 T | 4.2 GHz | 5.4 GHz | 350W | 152 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ PRO 9955WX | 16 C / 32 T | 4.5 GHz | 5.4 GHz | 350W | 80 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ PRO 9945WX | 12 C / 24 T | 4.7 GHz | 5.4 GHz | 350W | 76 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ 9980X | 64 C / 128 T | 3.2 GHz | 5.4 GHz | 350W | 320 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ 9970X | 32 C / 64 T | 4.0 GHz | 5.4 GHz | 350W | 160 MB |
| AMD Ryzenâ„¢ Threadripperâ„¢ 9960X | 24 C / 48 T | 4.2 GHz | 5.4 GHz | 350W | 152 MB |
Pricing and Availability
The AMD Ryzen Threadripper PRO 9000 WX-Series processors are expected to be available from MNCs, including Dell, HP and Lenovo, and Supermicro, as well as system integrators starting later this year. High-end desktop platforms featuring AMD Ryzen Threadripper 9000 Series processors, as well as DIY Ryzen Threadripper 9000 Series and select Ryzen Threadripper PRO 9000 WX-Series processors, will be available from retailers starting July 2025.
AMD Continue to Deliver the Future of AI PCs
During the keynote, Jack Huynh was joined by ASUS Co-CEO S.Y. Hsu to introduce the new ASUS Expert P Series Copilot+ PCs, the next-generation commercial PCs designed to bring AI acceleration to the enterprise. Powered by up to AMD Ryzenâ„¢ AI PRO 300 Series processors, these systems offer up-to 50+ TOPS of NPU performance, enabling fast, efficient AI-enhanced productivity in top-of-the-line business platforms. Featuring AMD PRO Technologies, Ryzen AI PRO Series processors deliver the enterprise-grade security and manageability features needed for the modern IT environment.
"We're proud to deepen our collaboration with AMD as we usher in a new era of AI-powered computing," said S.Y. Hsu, Co-CEO of ASUS. "With the addition of the new Expert series — built from the ground up to revolutionize performance and efficiency for the modern workplace — to our broad AI PC portfolio, and commitment to innovation, we aim to deliver next-gen AI experiences that empower users everywhere."
"At Lenovo, we're committed to delivering AI PCs that are not only powerful, but truly personal and productive. Our long-standing collaboration with AMD continues to drive this vision forward — from high-performance laptops to innovative workstations. Together, we're enabling faster, smarter computing experiences for every kind of user. We're especially excited about what's coming next in our ThinkStation P8 workstation, where AMD's latest high-performance Ryzen Threadripper PRO processors will unlock new possibilities for creators and professionals alike," said Luca Rossi, President, Intelligent Devices Group, Lenovo.
Supporting Resources
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn and X pages.
____________________________________________
1 Boost Clock Frequency is the maximum frequency achievable on the GPU running a bursty workload. Boost clock achievability, frequency, and sustainability will vary based on several factors, including but not limited to: thermal conditions and variation in applications and workloads. GD-151.
2 Testing as of 3/11/2025 by AMD. Average performance of multiple runs for "How long would it take for a ball dropped from 10 meter height to hit the ground?" and "Summarize the following in exactly five lines: [Insert Scene 1 Act 1 of Romeo and Juliet]", drop edge cases where the model starts overthinking (more than 2k thinking tokens) to standardize response length. No speculative decode. All tests conducted on LM Studio 0.3.12 and Vulkan llama.cpp 1.18 with 100% GPU offload for AMD. NVIDIA-recommended CUDA llama.cpp used for RTX 4090 with NVIDIA-recommended 50% GPU offload (https://blogs.nvidia.com/blog/ai-decoded-lm-studio/). Models tested: DeepSeek R1 Qwen 32b Q8 and DeepSeek R1 Llama 70b Q4 K M. System specifications: AMD Ryzenâ„¢ 7700X, 64GB DDR5 RAM 4800 MT/s, Windows 11 24H2 26100.2894, AMD Radeonâ„¢ PRO W7900 48GB and W7800 48GB using Adrenalin 25.1.1 Optional vs AMD Ryzenâ„¢ 9800X3D, 32GB DDR5 RAM 6000 MT/s.,Windows 11 24H2 26100.2894 and NVIDIA GeForce RTX 4090. GeForce 572.70. Performance may vary. RPW-493.
Contact:
Stacy MacDiarmid
AMD Communications
+1 512-658-2265
Stacy.MacDiarmid@amd.com
Liz Stine
AMD Investor Relations
+1 720-652-3965
Liz.Stine@amd.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3fb45eaf-59b5-4ca5-af70-411984cb93a1
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AMD (NASDAQ: AMD) today announced it has entered into a definitive agreement to sell ZT Systems' U.S.-headquartered data center infrastructure manufacturing business to Sanmina (NASDAQ: SANM), a leading integrated manufacturing solutions company. As part of the transaction, Sanmina becomes a preferred new product introduction (NPI) manufacturing partner for AMD cloud rack and cluster-scale AI solutions. AMD will retain ZT Systems' world-class design and customer enablement teams to accelerate the quality and time-to-deployment of AMD AI systems for cloud customers.
Sanmina will purchase the manufacturing business from AMD for $3 billion in cash and stock, inclusive of a contingent payment of up to $450 million and subject to customary adjustments for working capital and other items. The transaction is expected to close near the end of 2025, subject to regulatory approvals and customary closing conditions. The intent to seek a strategic partner to acquire ZT Systems' world-class data center infrastructure manufacturing business was announced in August 2024 at the time of the original acquisition announcement.
"By combining the deep experience of our AI systems design team with our new preferred NPI partnership with Sanmina, we expect to strengthen our U.S-based manufacturing capabilities for rack and cluster-scale AI systems and accelerate quality and time-to-market for our cloud customers," said Forrest Norrod, executive vice president and general manager, Data Center Solutions business unit at AMD. "The ZT Systems manufacturing business and its expert team remain a very important and strategic partner to AMD. We look forward to working with Sanmina to deliver world-class design, quality and manufacturing of AMD AI solutions supported by our open ecosystem approach."
Sanmina is a U.S.-headquartered leading integrated manufacturing solutions provider serving the fastest growing segments of global Electronic Manufacturing Services (EMS), offering end-to-end design, manufacturing, logistics and repair solutions for OEMs across a variety of industries.
"ZT Systems' liquid cooling capabilities, high-quality manufacturing capacity and significant cloud and AI infrastructure experience are the perfect complement to Sanmina's global portfolio, mission-critical technologies and vertical integration capabilities," said Jure Sola, Chairman and CEO of Sanmina Corporation. "Together, we will be better able to deliver a competitive advantage to our customers with solutions for the entire product lifecycle. We look forward to our ongoing partnership with AMD as we work together to set the standard for quality and flexibility to benefit the entire AI ecosystem."
Advisors
Morgan Stanley & Co. LLC is acting as exclusive financial advisor to AMD and Latham & Watkins LLP is serving as the company's legal advisor.
About AMD
For more than 55 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website , blog , LinkedIn and X pages.
Cautionary Statement
The statements in this press release includes forward-looking statements concerning Advanced Micro Devices, Inc. ("AMD"), ZT Group Int'l, Inc ("ZT Systems") and Sanmina Corporation ("Sanmina"), the proposed transaction described herein and other matters. Forward-looking statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. Forward-looking statements speak only as of the date they are made or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will be achieved or will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including "believes," "expects," "may," "will," "should," "seeks," "intends," "plans," "pro forma," "estimates," "anticipates," "designed," or the negative of these words and phrases, other variations of these words and phrases or comparable terminology. The forward-looking statements relate to, among other things, Sanmina as a preferred NPI strategic partner and expected benefits and results from such preferred strategic partnership; AMD's ability to accelerate the quality and time-to-deployment of AMD AI systems with ZT Systems design and customer enablement teams, obtaining applicable regulatory approvals, satisfying other closing conditions to the transaction, the expected timing of the transaction, the expected benefits to result from the transaction, AMD's ability to accelerate AI innovation while providing the choice and open ecosystem options that customers want, the ability of AMD to leverage the systems expertise of the ZT Systems design team while optimizing AMD's operational structure, and AMD's ability to drive growth across its data center and AI businesses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. These risks include, among other things: failure to formalize the contemplated preferred NPI manufacturing partnership between AMD and Sanmina or the failure for such preferred strategic partnership to achieve its anticipated results; failure to accelerate the quality and time-to-deployment of AMD AI systems with ZT Systems design and customer enablement teams; failure to obtain applicable regulatory approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the transaction or to complete the transaction on anticipated terms and timing; negative effects of the announcement of the transaction; risks that AMD will not realize expected benefits from the transaction or may take longer to realize than expected; the risk that disruptions from the transaction will harm business plans and operations; significant transaction costs, or difficulties and/or unknown or inestimable liabilities in connection with the transaction; restrictions during the pendency of the transaction that may impact the ability to pursue certain business opportunities or strategic transactions; the potential impact of the announcement or consummation of the transaction on AMD's, Sanmina's or either of their relationships with suppliers, customers, employees and regulators; and demand for AMD's or Sanmina's products. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the section captioned "Risk Factors" in AMD's Annual Report on Form 10-K for the fiscal year ended December 28, 2024, subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. AMD does not assume, and hereby disclaims, any obligation to update forward-looking statements, except as may be required by law.
Contact:
Brandi Martina
AMD Communications
(512) 705-1720
Brandi.Martina@amd.com
Liz Stine
AMD Investor Relations
(720) 652-3965
Liz.Stine@amd.com
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Transformational Acquisition Increases Sanmina's Scale and End-Market Exposure to Cloud and AI Infrastructure
Planned Divestiture by AMD Creates Preferred NPI Manufacturing Partnership with Sanmina, a Leading IMS Company
Purchase Price of $2.55 Billion Cash and Equity, Plus $450 Million in Contingent Consideration, Totaling Up to $3 Billion
Transaction Expected to be Accretive to Non-GAAP EPS in First Year Post-Close
Sanmina to Host Conference Call Today at 8:30 a.m. ET ( 5:30 a.m. PT )
SAN JOSE, Calif. , May 19, 2025 /PRNewswire/ -- Sanmina Corporation ("Sanmina") (NASDAQ: SANM), a leading integrated manufacturing solutions company, today announced that it has entered into a definitive agreement to acquire the data center infrastructure manufacturing business of ZT Systems, a leading provider of Cloud and AI infrastructure to the world's largest hyperscalers, from AMD (NASDAQ: AMD). The strategic acquisition further establishes Sanmina's position as an industry-leading, vertically integrated global manufacturing solutions provider that can now also accelerate its customers' at scale deployments of cutting-edge AI systems for the data center.
As a combined company, Sanmina expects to strengthen its leading end-to-end component technology, systems integration and supply chain solutions to deliver even greater value for its customers. ZT Systems' current annual net revenue run-rate is approximately $5 - $6 billion and the outlook ahead is promising as new accelerated compute platforms are launched. In addition, ZT Systems' manufacturing team brings over 30 years of systems integration experience and has evolved into a leading provider of high-performance Cloud and AI infrastructure for hyperscalers. The company's advanced liquid cooling capabilities and manufacturing facilities in New Jersey , Texas and the Netherlands , together with its global supply chain, position it to offer end-to-end systems integration, from components to complete racks, for the Cloud and AI infrastructure ecosystem.
"The acquisition of ZT Systems' manufacturing operations positions Sanmina as an industry leader in the Cloud and AI ecosystem and enables us to further capitalize on the significant growth opportunity of this market," stated Jure Sola , Chairman and CEO of Sanmina Corporation. "Combining Sanmina's global expertise and vertical integration capabilities with ZT Systems' high-quality manufacturing capacity in the U.S. and Europe and extensive experience with critical Cloud and AI infrastructure for hyperscalers will give us enhanced scale and deepen our customer relationships. Sanmina will be better able to deliver a competitive advantage to its customers, accelerating our growth initiatives and enabling us to deliver long-term sustainable value for shareholders."
Mr. Sola continued, "We look forward to welcoming the ZT Systems team to Sanmina and realizing the benefits of this highly strategic and accretive transaction."
Strategic Partnership with AMD
AMD will retain ZT Systems' AI systems design businesses and will work with Sanmina as a U.S.-based new product introduction (NPI) manufacturing partner of choice to accelerate quality and time-to-deployment of AMD AI rack and cluster-scale systems for cloud customers. As ZT Systems' manufacturing business continues its platform transition in 2025, Sanmina and AMD remain committed to ensuring the future success of the business' strong revenue.
Forrest Norrod , Executive Vice President and General Manager, Data Center Solutions business unit at AMD said, "We look forward to working with Sanmina as our preferred NPI manufacturing partner. This agreement will help accelerate the U.S.-based manufacturing of AMD AI end-to-end training and inference solutions – which are optimized for our customer's unique environments, ready-to-deploy at scale and based on our open approach. Together, we will accelerate time-to-market and set the standard for quality and flexibility to benefit the entire AI ecosystem."
Compelling Strategic and Financial Rationale
Transaction Details
Under the terms of the agreement, Sanmina has agreed to acquire ZT Systems' manufacturing operations for $2.25 billion of cash to pay for assets at target net asset value (with adjustment mechanism), $300 million premium consisting of 50% cash / 50% equity and a $450 million contingent consideration based on financial performance of the business over the next three years, for up to $3 billion total.
The inclusion of equity and a long-term contingency in the consideration further align Sanmina and AMD's interests in connection with the entry into the new strategic partnership.
The Sanmina equity issued to AMD will be subject to a lock-up period of 3 years, which begins at the time of closing, during which equity sales are limited to 33% in the first year, 33% in the second year, and the remaining equity in the third year.
In connection with the transaction, Sanmina has obtained committed financing from Bank of America for $2.5 billion .
This transaction has been unanimously approved by the Sanmina Board of Directors. It is expected to close near the end of the 2025 calendar year, subject to regulatory approvals and customary closing conditions.
Advisors
Foros served as Sanmina's financial advisor. BofA Securities served as Sanmina's financing partner. A&O Shearman served as Sanmina's legal counsel. Joele Frank served as Sanmina's strategic communications advisor.
Conference Call Information
Sanmina will hold a conference call to review today's announcement on Monday, May 19, 2025 , at 8:30 a.m. ET ( 5:30 a.m. PT ). The access numbers are: domestic 800-836-8184 and international 646-357-8785. The conference will also be webcast live over the Internet. You can log on to the live webcast at Sanmina IR Events . Â Additional information in the form of a slide presentation is available on Sanmina's website at www.sanmina.com . A replay of the conference call will be available for 48-hours. The access numbers are: domestic 888-660-6345 and international 646-517-4150, access code is 37338# .
About Sanmina
Sanmina Corporation, a Fortune 500 company, is a leading integrated manufacturing solutions provider serving the fastest growing segments of the global Electronics Manufacturing Services (EMS) market. Recognized as a technology leader, Sanmina provides end-to-end manufacturing solutions, delivering superior quality and support to Original Equipment Manufacturers (OEMs) primarily in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Sanmina has facilities strategically located in key regions throughout the world. More information about the Company is available at www.sanmina.com .
Sanmina's Safe Harbor Statement
The statements contained herein, including those regarding the anticipated benefits of the acquisition of ZT Systems' manufacturing operations, the expected timing and likelihood of closing the transaction, the projected accretion to earnings, operational synergies, future financial performance, and the Company's outlook for growth in fiscal 2025 and beyond, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current expectations, estimates, and projections about our industry, management's beliefs, and certain assumptions made by the Company, all of which are subject to change.
Actual results may differ materially from those expressed or implied in these forward-looking statements due to a variety of factors, including but not limited to: the risk that the proposed acquisition may not be completed in a timely manner or at all; the possibility that regulatory approvals required for the transaction may not be obtained or may be obtained subject to conditions that are not anticipated; the risk that the expected benefits, synergies, and accretion from the transaction may not be realized or may take longer to realize than anticipated; adverse changes in the key markets we target, including the cloud and AI infrastructure sectors; the impact of recent or future changes in tariffs and trade policy, which may adversely affect our costs, supply chain, and customer demand; significant uncertainties that can cause our future sales, earnings, and cash flows to be variable; our reliance on a limited number of customers for a substantial portion of our sales; risks arising from our international operations and expansion into new geographic markets; integration risks related to combining ZT Systems' manufacturing operations with our own; geopolitical uncertainty; and other risk factors set forth in the Company's most recent annual and quarterly reports filed with the Securities and Exchange Commission.
The Company undertakes no obligation to (and expressly disclaims any such obligation to) update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Sanmina Contacts
Investors
Paige Melching
SVP, Investor Communications
408-964-3610
Media
Eric Brielmann / Jed Repko / Lyle Weston
Joele Frank , Wilkinson Brimmer Katcher
Sanmina-JF@joelefrank.com
(212) 355-4449
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SOURCE Sanmina Corporation
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Westport Fuel Systems Inc. ("Westport" or the "Company") (TSX:WPRTÂ Nasdaq:WPRT), today held its Annual General and Special Meeting of Shareholders (the "Meeting") in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of KPMG LLP as the Company's auditors for the fiscal year, the advisory vote on executive compensation, and the sale of Westport Fuel Systems Italia S.r.l in accordance with the terms of the sale and purchase agreement dated as of March 30, 2025.
A summary of the results are as follows:
| Resolution | Outcome of Vote | Percentage of Votes For | Percentage of Votes Withheld/Against |
| Election of Directors | |||
| Michele Buchignani | Approved | 81.22% | 18.78% |
| Anthony Guglielmin | Approved | 87.16% | 12.84% |
| Daniel M. Hancock | Approved | 61.47% | 38.53% |
| Daniel Sceli | Approved | 91.10% | 8.90% |
| Karl-Viktor Schaller | Approved | 61.28% | 38.72% |
| Eileen Wheatman | Approved | 81.43% | 18.57% |
| Appointment of Auditors | Approved | 93.83% | 6.17% |
| Executive Compensation | |||
| (Advisory Vote) | Agree | 52.87% | 47.13% |
| Sale of Westport Fuel Systems Italia S.r.l | Approved | 83.38% | 16.62% |
About Westport Fuel Systems
At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com .
Investor Inquiries:
Investor Relations
T: +1 604-718-2046
E: invest@wfsinc.com
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Edmonton, Alberta May 15, 2025 TheNewswire - Bitcoin Well Inc. (" Bitcoin Well " or the " Company ") ( TSXV: BTCW; OTCQB: BCNWF ), the non-custodial bitcoin business on a mission to enable independence announces a partnership with Solosatoshi a company dedicated to the advancement of open-sourced Bitcoin mining.
The partnership will bring their popular product the Bitaxe Gama, a 1.2 TH/s home miner , to the Bitcoin Well Points store . This means Bitcoin Well customers who accumulate points by making transactions and referring their friends to the platform can use them to buy a Bitaxe.
"We're excited to partner with the leader in the solo-mining space," said Adam O'Brien, founder and CEO of Bitcoin Well. "I'm hopeful that as we continue these great partnerships, with industry leading products, the Bitcoin Well points store will be the best place to discover and buy the leading bitcoin merchandise. This will drive new signups and active customers. I'm bullish on this strategy"
When asked about the partnership, Matt Howard, founder of Solosatoshi said, "We are excited to see the advancement and adoption of the Bitaxe project through an abundance of such use cases. We look forward to our strategic partnership with Bitcoin Well, and we are very optimistic about all of the possibilities that open-source Bitcoin mining creates globally."
Effective today, any Bitcoin Well customer can use their points to buy a Bitaxe, or any of the other products available on the Bitcoin Well points store. The Company intends to continue making partnerships and expanding the store.
About Bitcoin Well
Bitcoin Well is on a mission to enable independence. We do this by making bitcoin useful to everyday people to give them the convenience of modern banking and the benefits of bitcoin. We like to think of it as future-proofing money. Our existing Bitcoin ATM and Online Bitcoin Portal business units drive cash flow to help fund this mission.
Join our investor community and follow us on Nostr , , and to keep up to date with our business.
Bitcoin Well contact information
To book a virtual meeting with our Founder & CEO Adam O'Brien please use the following link: https://bitcoinwell.com/meet-adam
For additional investor & media information, please contact:
Adam O'Brien, Tel: 1 888 711 3866, ir@bitcoinwell.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .
Forward-looking information
Certain statements contained in this news release may constitute forward-looking information, which is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", or the negative thereof and similar expressions. All statements herein other than statements of historical fact constitute forward-looking information including, but not limited to, statements in respect of Bitcoin Well's business plans, strategy and outlook. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information including, but not limited to, the risk factors described in Bitcoin Well's annual information form and management's discussion and analysis for the year ended December 31, 2024. Forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents Bitcoin Well's expectations as of the date hereof and is subject to change. Bitcoin Well disclaims any intention or obligation to revise any forward-looking information, except as required by applicable securities legislation.
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