Workers at Aimbridge-operated hotels in Los Angeles and Philadelphia strike during event-filled weekend, UNITE HERE reports




Workers at Aimbridge-operated hotels in Los Angeles and Philadelphia strike during event-filled weekend, UNITE HERE reports

Workers at hotels owned by RLJ Lodging Trust on both coasts walk off the job in effort to win wages and benefits that enable them to afford to raise families in the cities where they work

LOS ANGELES–(BUSINESS WIRE)–In the shadow of the Hollywood Bowl, hotel workers at the Hilton Garden Inn hotel in Hollywood started a picket line at 6 AM local time today.

The 160-room hotel, owned by RLJ Lodging Trust and operated by Aimbridge Hospitality, expected high occupancy this weekend for one of the last Hollywood Bowl concerts of the year.

In Philadelphia, workers at the Wyndham Historic District hotel—also owned by RLJ Lodging Trust and operated by Aimbridge—walked off the job earlier today, just ahead of the Thanksgiving travel season.

“Whether we strike is up to the employers and how willing they are to pay us fairly for the work we do,” said Maria Christina Velasquez, a shop steward with UNITE HERE Local 11 and laundry attendant at the Hilton Garden Inn Hollywood since 2019. “We’re ready for anything.”

“Hotel workers like me go on strike to win raises that keep up with the rising cost of living, pensions, high quality union healthcare, and safe workloads,” said Brent Allen, a restaurant server and member of UNITE HERE Local 274 at the Wyndham Historic District since 2023. “We’re going to welcome millions of visitors to Philly in 2026, but most of us can’t pay our basic bills. We deserve to be able to live dignified lives but that can only happen if the hotel owner and operator pay us what we deserve.”

RLJ Lodging Trust (NYSE: RLJ) owns a portfolio of nearly 100 hotels across 23 states and the District of Columbia. The company just this week announced a year-over-year drop in both revenue and net income. According to campaign filings, between July and September of this year, RLJ Lodging Trust donated $25,000 to the effort to defeat a $30 minimum wage for hospitality workers that the Los Angeles City Council passed in May.

Aimbridge hospitality operates hotels across the world under known brands like Hilton, Hyatt, and Windham. Aimbridge-operated properties were among the last to settle during the 2023–2024 Southern California Hotel Strike, the largest hotel strike in modern U.S. history.

UNITE HERE Local 11 is more than 32,000 hospitality workers in Southern California and Arizona who work in hotels, restaurants, universities, convention centers, and airports.

UNITE HERE LOCAL 274 is 4,000 private-sector hotel and food service workers at stadiums, universities, cafeterias, and hotels throughout the Philadelphia region.

Both are affiliates of UNITE HERE, a labor union representing 300,000 workers in gaming, hotel, and food service industries in North America.

PHOTOS AVAILABLE HERE: https://www.unitehere11.org/workers-at-aimbridge-operated-hotels-in-los-angeles-and-philadelphia-strike-during-event-filled-weekend-unite-here-reports/

Contacts

Rachel Sulkes | rsulkes@unitehere11.org | 602-327-4084

Workers at Aimbridge-operated hotels in Los Angeles and Philadelphia strike during event-filled weekend, UNITE HERE reports




Workers at Aimbridge-operated hotels in Los Angeles and Philadelphia strike during event-filled weekend, UNITE HERE reports

Workers at hotels owned by RLJ Lodging Trust on both coasts walk off the job in effort to win wages and benefits that enable them to afford to raise families in the cities where they work

LOS ANGELES–(BUSINESS WIRE)–In the shadow of the Hollywood Bowl, hotel workers at the Hilton Garden Inn hotel in Hollywood started a picket line at 6 AM local time today.

The 160-room hotel, owned by RLJ Lodging Trust and operated by Aimbridge Hospitality, expected high occupancy this weekend for one of the last Hollywood Bowl concerts of the year.

In Philadelphia, workers at the Wyndham Historic District hotel—also owned by RLJ Lodging Trust and operated by Aimbridge—walked off the job earlier today, just ahead of the Thanksgiving travel season.

“Whether we strike is up to the employers and how willing they are to pay us fairly for the work we do,” said Maria Christina Velasquez, a shop steward with UNITE HERE Local 11 and laundry attendant at the Hilton Garden Inn Hollywood since 2019. “We’re ready for anything.”

“Hotel workers like me go on strike to win raises that keep up with the rising cost of living, pensions, high quality union healthcare, and safe workloads,” said Brent Allen, a restaurant server and member of UNITE HERE Local 274 at the Wyndham Historic District since 2023. “We’re going to welcome millions of visitors to Philly in 2026, but most of us can’t pay our basic bills. We deserve to be able to live dignified lives but that can only happen if the hotel owner and operator pay us what we deserve.”

RLJ Lodging Trust (NYSE: RLJ) owns a portfolio of nearly 100 hotels across 23 states and the District of Columbia. The company just this week announced a year-over-year drop in both revenue and net income. According to campaign filings, between July and September of this year, RLJ Lodging Trust donated $25,000 to the effort to defeat a $30 minimum wage for hospitality workers that the Los Angeles City Council passed in May.

Aimbridge hospitality operates hotels across the world under known brands like Hilton, Hyatt, and Windham. Aimbridge-operated properties were among the last to settle during the 2023–2024 Southern California Hotel Strike, the largest hotel strike in modern U.S. history.

UNITE HERE Local 11 is more than 32,000 hospitality workers in Southern California and Arizona who work in hotels, restaurants, universities, convention centers, and airports.

UNITE HERE LOCAL 274 is 4,000 private-sector hotel and food service workers at stadiums, universities, cafeterias, and hotels throughout the Philadelphia region.

Both are affiliates of UNITE HERE, a labor union representing 300,000 workers in gaming, hotel, and food service industries in North America.

PHOTOS AVAILABLE HERE: https://www.unitehere11.org/workers-at-aimbridge-operated-hotels-in-los-angeles-and-philadelphia-strike-during-event-filled-weekend-unite-here-reports/

Contacts

Rachel Sulkes | rsulkes@unitehere11.org | 602-327-4084

FIS Launches Innovative Asset Servicing Management Suite to Unlock Operational Efficiency Across Asset Servicing




FIS Launches Innovative Asset Servicing Management Suite to Unlock Operational Efficiency Across Asset Servicing

Key facts

• FIS Asset Servicing Management Suite helps capital investment work harder by unlocking operational efficiencies across all areas of asset servicing.
• The comprehensive suite covers corporate actions processing, proxy voting, class actions claims, operational claims and tax reclaim management.

JACKSONVILLE, Fla.–(BUSINESS WIRE)–Global financial technology leader FIS^® has announced the launch of FIS Asset Servicing Management Suite, a comprehensive suite of automated and integrated solutions which help unlock operational efficiency across all areas of asset servicing.

The suite combines the traditionally separate critical functions of corporate actions processing, proxy voting, class actions claims, operational claims and tax reclaim management to revolutionize asset servicing, creating a seamless experience which helps capital investment to work more efficiently and underscores FIS’ commitment to unlocking financial technology to the world.

Why FIS Asset Servicing Management Suite Matters

Asset servicing is under growing pressure. Many organizations are relying on multiple vendors which leads to fragmented data, inefficiencies, and a greater chance for mistakes. This fragmented infrastructure also makes cost control harder and amplifies operational risk, which could have a negative impact on customer satisfaction. This lack of operational agility and complexity can significantly hinder the effectiveness of asset servicing operations.

To address these challenges, FIS Asset Servicing Management Suite represents a fundamental shift in how financial institutions approach asset servicing operations. This single, integrated platform provides transparency and control across the entire asset servicing lifecycle.

The unified platform can replace the need for multiple vendors and minimizes data fragmentation, providing accurate and streamlined data to provide better insights. By automating workflows that previously required extensive manual intervention, the suite enables institutions to focus on strategic value creation rather than operational maintenance. Additionally, the suite reduces risk, improves decision-making, provides cost efficiencies and enhances the overall client experience.

Matt Stauffer, head of Back Office Solutions at FIS, said: “Operational inefficiencies in asset servicing directly translate to real financial losses for everyday investors. When corporate actions are processed incorrectly or proxy votes fail to reach their intended destination, or qualification to participate in class action opportunities are not identified, it is not just institutions that suffer – it is also the customers whose pensions and savings depend on these systems working flawlessly. FIS Asset Servicing Management Suite helps to eliminate the fragmented and often overlooked post-trade infrastructure that creates these risks, unlocking operational efficiency across all areas of asset servicing.”

About FIS

FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit FISglobal.com. Follow FIS on LinkedIn, Facebook and X.

Contacts

For More Information
Kim Snider, 904.438.6278

Senior Vice President

FIS Global Marketing and Communications

kim.snider@fisglobal.com

OMRON Releases the “Medium-Term Roadmap SF 2nd Stage”




OMRON Releases the “Medium-Term Roadmap SF 2nd Stage”

KYOTO, Japan–(BUSINESS WIRE)–OMRON (TOKYO: 6645) has announced its “Medium-Term Roadmap Shaping the Future 2nd Stage (“SF 2nd Stage”),” covering from FY2026 to FY2030, on November 7, 2025 (JST). This Roadmap presents the Group’s vision and growth strategies through 2030, which are disclosed on our corporate website.

Overview of the “Medium-Term Roadmap SF 2nd Stage”

Since April 2024, OMRON has been implementing a Structural Reform Program “NEXT 2025” aimed at rebuilding our foundation for profitability and growth. With the completion of this Program in September 2025, we have shifted into a growth phase and formulated a new Roadmap looking ahead to 2030.

This Roadmap identifies Business Portfolio Restructuring as a core strategy. We have defined Thirteen Focus Businesses to drive the Group’s future growth. By accelerating our selection and concentration efforts, we aim to build a “distinctive” business portfolio that maximizes overall Group growth. Furthermore, to maximize the growth potential of our Focus Businesses, we will drive transformation decisively across three areas, “VALUE”, “FRONT”, and “Resource Allocation.”

Building on the profit foundation established through Structural Reform Program, we will thoroughly enhance our business growth capabilities and aim to increase corporate value through sustainable, profit-driven growth.

Related Information

Medium-Term Roadmap SF 2nd Stage

About OMRON

OMRON Corporation, as a leading automation company centered on its unique “Sensing & Control + Think” technology, develops businesses in Factory Automation, Healthcare, Social systems, Device and module, and Data solutions that utilize a wide variety of data acquired through these businesses. Founded in 1933, OMRON now employs about 27,000 people worldwide, provides products and services in more than 130 countries, and contributes to the creation of a better society.

Please visit the OMRON website for additional information.

Contacts

Investor Relations Department

OMRON Corporation

E-Mail: omron-ir@omron.com

Elliptic Labs Ships Four Smartphone Models with vivo, Xiaomi, and TCL for October 2025




Elliptic Labs Ships Four Smartphone Models with vivo, Xiaomi, and TCL for October 2025

OSLO, Norway–(BUSINESS WIRE)–#AIVirtualSeamlessSensor—Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensors™ currently deployed in nearly 1 billion devices, is announcing that it has shipped the AI Virtual Smart Sensor Platform™ on four smartphone models in October 2025. Vivo launched two smartphones: the vivo V60 Lite 5G and V60 Lite smartphones. Xiaomi announced one smartphone: the Xiaomi 15T smartphone. TCL, Elliptic Labs’ newest smartphone customer, shipped one smartphone: the NxtPaper 60 Ultra smartphone. For 2025 year-to-date, Elliptic Labs has launched on a total of 58 smartphone models.

“Elliptic Labs’ AI Virtual Smart Sensor Platform was launched on four smartphone models in October 2025, bringing our total to 58 smartphone model launches year-to-date 2025,” said Laila Danielsen, CEO of Elliptic Labs.

AI Virtual Proximity Sensor INNER BEAUTY

Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life.

Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk.

INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs.

All other trademarks or service markets are the responsibility of their respective organizations.

About Elliptic Labs

Elliptic Labs’ AI Virtual Smart Sensor Platform™ brings contextual intelligence to devices, enhancing user experiences. Our technology uses proprietary deep neural networks to create AI-powered Virtual Smart Sensors that improve personalization, privacy, and productivity.

Currently deployed in nearly 1 billion devices, our platform works across all devices, operating systems, platforms, and applications. By utilizing system-level telemetry data to cloud-based Large Language Models (LLMs), the AI Virtual Smart Sensor Platform delivers the unrivaled capability to utilize output data from every available data source. This approach allows devices to better understand and respond to their environment, making technology more intuitive and user-friendly. At Elliptic Labs, we’re not just adapting to the future of technology – we’re actively shaping it. Our goal is to continue pushing the boundaries of contextual intelligence, creating more intuitive and powerful experiences for users worldwide.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. The company is listed on the Oslo Stock Exchange. Its technology and IP are developed in Norway and are solely owned by the company.

Contacts

PR Contacts:
Patrick Tsui

pr@ellipticlabs.com

Investor Relations:
Lars Holmøy

Lars.Holmoy@ellipticlabs.com

Elliptic Labs Ships Four Smartphone Models with vivo, Xiaomi, and TCL for October 2025




Elliptic Labs Ships Four Smartphone Models with vivo, Xiaomi, and TCL for October 2025

OSLO, Norway–(BUSINESS WIRE)–#AIVirtualSeamlessSensor—Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensors™ currently deployed in nearly 1 billion devices, is announcing that it has shipped the AI Virtual Smart Sensor Platform™ on four smartphone models in October 2025. Vivo launched two smartphones: the vivo V60 Lite 5G and V60 Lite smartphones. Xiaomi announced one smartphone: the Xiaomi 15T smartphone. TCL, Elliptic Labs’ newest smartphone customer, shipped one smartphone: the NxtPaper 60 Ultra smartphone. For 2025 year-to-date, Elliptic Labs has launched on a total of 58 smartphone models.

“Elliptic Labs’ AI Virtual Smart Sensor Platform was launched on four smartphone models in October 2025, bringing our total to 58 smartphone model launches year-to-date 2025,” said Laila Danielsen, CEO of Elliptic Labs.

AI Virtual Proximity Sensor INNER BEAUTY

Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life.

Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk.

INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs.

All other trademarks or service markets are the responsibility of their respective organizations.

About Elliptic Labs

Elliptic Labs’ AI Virtual Smart Sensor Platform™ brings contextual intelligence to devices, enhancing user experiences. Our technology uses proprietary deep neural networks to create AI-powered Virtual Smart Sensors that improve personalization, privacy, and productivity.

Currently deployed in nearly 1 billion devices, our platform works across all devices, operating systems, platforms, and applications. By utilizing system-level telemetry data to cloud-based Large Language Models (LLMs), the AI Virtual Smart Sensor Platform delivers the unrivaled capability to utilize output data from every available data source. This approach allows devices to better understand and respond to their environment, making technology more intuitive and user-friendly. At Elliptic Labs, we’re not just adapting to the future of technology – we’re actively shaping it. Our goal is to continue pushing the boundaries of contextual intelligence, creating more intuitive and powerful experiences for users worldwide.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. The company is listed on the Oslo Stock Exchange. Its technology and IP are developed in Norway and are solely owned by the company.

Contacts

PR Contacts:
Patrick Tsui

pr@ellipticlabs.com

Investor Relations:
Lars Holmøy

Lars.Holmoy@ellipticlabs.com

FPT Signs Partnership with LAPI ITB and Digital Utama Lestari, Driving Indonesia’s Innovation-Led Digital Economy




FPT Signs Partnership with LAPI ITB and Digital Utama Lestari, Driving Indonesia’s Innovation-Led Digital Economy

HANOI, Vietnam–(BUSINESS WIRE)–Global technology corporation FPT has entered a strategic partnership with LAPI ITB, a consulting and professional services provider owned by Institut Teknologi Bandung (ITB), and digital transformation consulting firm Digital Utama Lestari (DUL) to jointly accelerate Indonesia’s National Digital Transformation agenda for a competitive digital economy through joint innovation, technology development, and large-scale modernization initiatives across key sectors. The collaboration is expected to unlock up to USD 100 million in total revenue over five years.

Leveraging FPT’s global technology capabilities, LAPI’s academic and research excellence, and DUL’s local market expertise, the partnership will co-develop scalable digital platforms, modernize key public systems, and drive the adoption of advanced technologies to support Indonesia’s transition toward an innovation-centered economy. This includes the development of national digital platforms for cooperative and government services, the modernization of taxation and public finance systems, and the advancement of smart tourism and regional digitalization.

The collaboration also extends to emerging domains such as AI, cloud, cybersecurity, high-performance computing (HPC), and semiconductors, alongside digitalization initiatives in critical sectors like agriculture, healthcare, logistics, energy, smart cities, and financial services. A core focus also lies in talent development through training programs, certification schemes, and joint research facilities with leading academic institutions.

FPT also plans to open a new office in Bandung, Indonesia’s third-largest city, joining forces with LAPI to drive forward technology training and innovation in the region. Together, these efforts aim to strengthen national digital infrastructure, accelerate innovation, and cultivate a workforce ready for Indonesia’s digital future.

“Vietnam is entering a new era of economic transformation, driven by innovation, private enterprise, and regional collaboration. As we move toward a self-reliant ASEAN, Vietnam and Indonesia stand ready to co-lead a borderless, technology-powered economy where cross-border commerce unlocks unprecedented growth for our region. FPT remains committed to accelerating national modernization, enhancing public services, and creating new growth opportunities for businesses and communities, in alignment with Indonesia’s long-term vision,” said Dr. Truong Gia Binh, FPT Founder and Chairman.

“FPT has shown a strong commitment to advancing Indonesia’s digital transformation through innovative solutions in AI, data analytics, and automation. In partnership with PT LAPI ITB—the national anchor for standards, innovation, and digital compliance—the collaboration bridges global technology expertise with academic-driven innovation to accelerate large-scale digital programs across strategic sectors. As the institutional backbone of Indonesia’s research and technology ecosystem, PT LAPI ITB provides international-standard consulting services, develops globally minded human resources, and delivers appropriate technologies that empower regional economies. Together, FPT and PT LAPI ITB aim to drive sustainable, research-based digital transformation in support of Indonesia’s journey toward a smart and inclusive future,” said Yusmar Anggadinata, President Director of PT LAPI ITB.

“As the Program Management Office and local transformation partner, Digital Utama Lestari is proud to play a pivotal role in bridging global innovation with national implementation. Together with FPT and LAPI ITB, we aim to translate Indonesia’s digital transformation roadmap into tangible impact—accelerating modernization, empowering institutions, and creating measurable value across regions and sectors,” said Dr. Ryan, Managing Director of PT Digital Utama Lestari.

FPT entered the Indonesian market in 2017 and has since become a trusted technology partner with top Indonesian enterprises across energy, banking and finance, and telecommunications, backed by a workforce of over 200 technology experts. In 2025, the company signed a $67 million USD agreement with KMP Aryadhana and an AI partnership with Pertamina, Indonesia’s state-owned oil and natural gas corporation, as well as partnering with Ministry of National Development Planning of the Republic of Indonesia (Bappenas) to support the country’s Golden Indonesia 2045 vision, which identifies AI as a key driver of future economic growth.

About FPT

FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT’s global IT services, please visit https://fptsoftware.com

About PT LAPI ITB

PT LAPI ITB is one of the business units owned by the Bandung Institute of Technology. Established in 2004, PT LAPI ITB has provided professional services for the Government of Indonesia, Indonesian National and Regional Owned Enterprises as well as National & International Private Companies.

PT LAPI ITB is supported by ITB in resources such as International and National Experts, Laboratory Facilities, and national & international networks. PT LAPI ITB plays an important role in applying research from science, technology and art.

With extensive experience in cross-sector digital transformation, PT LAPI ITB has supported over 50 digitalization projects across various industries and government institutions. The company provides consulting expertise in infrastructure, ICT and digital, energy, mining, financial, and agricultural sectors, and is committed to integrating academic innovation with industrial needs. Through collaboration with FPT Corporation, PT LAPI ITB strengthens its efforts to accelerate digitalization and foster sustainable innovation in Indonesia.

About PT Digital Utama Lestari (DUL)

PT Digital Utama Lestari (DUL) is a consulting and technology management firm specializing in digital transformation, project governance, and ecosystem integration across public and private sectors. Established to bridge innovation with execution, DUL has extensive experience in managing large-scale digital projects involving government agencies, state-owned enterprises, and corporate clients.

DUL’s core expertise lies in program and project management, relationship management, and business and technical KPI monitoring—ensuring that every initiative achieves measurable performance and sustainable impact. The company has previously provided business and technical analysis support for digital transformation programs at state-owned banks and national agencies, including PT Pos Indonesia, Perum BULOG, and other key government-linked institutions.

With a strong understanding of Indonesia’s regulatory environment, operational dynamics, and stakeholder networks, DUL plays a strategic role as a Program Management Office (PMO) partner—integrating technology, policy, and industry collaboration to accelerate national modernization and digital readiness.

Contacts

Media Contact
Mai Duong (Ms.)

FPT Corporation

FPT Software PR Manager

MCP.PR@fpt.com

FPT Signs Partnership with LAPI ITB and Digital Utama Lestari, Driving Indonesia’s Innovation-Led Digital Economy




FPT Signs Partnership with LAPI ITB and Digital Utama Lestari, Driving Indonesia’s Innovation-Led Digital Economy

HANOI, Vietnam–(BUSINESS WIRE)–Global technology corporation FPT has entered a strategic partnership with LAPI ITB, a consulting and professional services provider owned by Institut Teknologi Bandung (ITB), and digital transformation consulting firm Digital Utama Lestari (DUL) to jointly accelerate Indonesia’s National Digital Transformation agenda for a competitive digital economy through joint innovation, technology development, and large-scale modernization initiatives across key sectors. The collaboration is expected to unlock up to USD 100 million in total revenue over five years.

Leveraging FPT’s global technology capabilities, LAPI’s academic and research excellence, and DUL’s local market expertise, the partnership will co-develop scalable digital platforms, modernize key public systems, and drive the adoption of advanced technologies to support Indonesia’s transition toward an innovation-centered economy. This includes the development of national digital platforms for cooperative and government services, the modernization of taxation and public finance systems, and the advancement of smart tourism and regional digitalization.

The collaboration also extends to emerging domains such as AI, cloud, cybersecurity, high-performance computing (HPC), and semiconductors, alongside digitalization initiatives in critical sectors like agriculture, healthcare, logistics, energy, smart cities, and financial services. A core focus also lies in talent development through training programs, certification schemes, and joint research facilities with leading academic institutions.

FPT also plans to open a new office in Bandung, Indonesia’s third-largest city, joining forces with LAPI to drive forward technology training and innovation in the region. Together, these efforts aim to strengthen national digital infrastructure, accelerate innovation, and cultivate a workforce ready for Indonesia’s digital future.

“Vietnam is entering a new era of economic transformation, driven by innovation, private enterprise, and regional collaboration. As we move toward a self-reliant ASEAN, Vietnam and Indonesia stand ready to co-lead a borderless, technology-powered economy where cross-border commerce unlocks unprecedented growth for our region. FPT remains committed to accelerating national modernization, enhancing public services, and creating new growth opportunities for businesses and communities, in alignment with Indonesia’s long-term vision,” said Dr. Truong Gia Binh, FPT Founder and Chairman.

“FPT has shown a strong commitment to advancing Indonesia’s digital transformation through innovative solutions in AI, data analytics, and automation. In partnership with PT LAPI ITB—the national anchor for standards, innovation, and digital compliance—the collaboration bridges global technology expertise with academic-driven innovation to accelerate large-scale digital programs across strategic sectors. As the institutional backbone of Indonesia’s research and technology ecosystem, PT LAPI ITB provides international-standard consulting services, develops globally minded human resources, and delivers appropriate technologies that empower regional economies. Together, FPT and PT LAPI ITB aim to drive sustainable, research-based digital transformation in support of Indonesia’s journey toward a smart and inclusive future,” said Yusmar Anggadinata, President Director of PT LAPI ITB.

“As the Program Management Office and local transformation partner, Digital Utama Lestari is proud to play a pivotal role in bridging global innovation with national implementation. Together with FPT and LAPI ITB, we aim to translate Indonesia’s digital transformation roadmap into tangible impact—accelerating modernization, empowering institutions, and creating measurable value across regions and sectors,” said Dr. Ryan, Managing Director of PT Digital Utama Lestari.

FPT entered the Indonesian market in 2017 and has since become a trusted technology partner with top Indonesian enterprises across energy, banking and finance, and telecommunications, backed by a workforce of over 200 technology experts. In 2025, the company signed a $67 million USD agreement with KMP Aryadhana and an AI partnership with Pertamina, Indonesia’s state-owned oil and natural gas corporation, as well as partnering with Ministry of National Development Planning of the Republic of Indonesia (Bappenas) to support the country’s Golden Indonesia 2045 vision, which identifies AI as a key driver of future economic growth.

About FPT

FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT’s global IT services, please visit https://fptsoftware.com

About PT LAPI ITB

PT LAPI ITB is one of the business units owned by the Bandung Institute of Technology. Established in 2004, PT LAPI ITB has provided professional services for the Government of Indonesia, Indonesian National and Regional Owned Enterprises as well as National & International Private Companies.

PT LAPI ITB is supported by ITB in resources such as International and National Experts, Laboratory Facilities, and national & international networks. PT LAPI ITB plays an important role in applying research from science, technology and art.

With extensive experience in cross-sector digital transformation, PT LAPI ITB has supported over 50 digitalization projects across various industries and government institutions. The company provides consulting expertise in infrastructure, ICT and digital, energy, mining, financial, and agricultural sectors, and is committed to integrating academic innovation with industrial needs. Through collaboration with FPT Corporation, PT LAPI ITB strengthens its efforts to accelerate digitalization and foster sustainable innovation in Indonesia.

About PT Digital Utama Lestari (DUL)

PT Digital Utama Lestari (DUL) is a consulting and technology management firm specializing in digital transformation, project governance, and ecosystem integration across public and private sectors. Established to bridge innovation with execution, DUL has extensive experience in managing large-scale digital projects involving government agencies, state-owned enterprises, and corporate clients.

DUL’s core expertise lies in program and project management, relationship management, and business and technical KPI monitoring—ensuring that every initiative achieves measurable performance and sustainable impact. The company has previously provided business and technical analysis support for digital transformation programs at state-owned banks and national agencies, including PT Pos Indonesia, Perum BULOG, and other key government-linked institutions.

With a strong understanding of Indonesia’s regulatory environment, operational dynamics, and stakeholder networks, DUL plays a strategic role as a Program Management Office (PMO) partner—integrating technology, policy, and industry collaboration to accelerate national modernization and digital readiness.

Contacts

Media Contact
Mai Duong (Ms.)

FPT Corporation

FPT Software PR Manager

MCP.PR@fpt.com

Northern Trust Expands Mandate with Avanda Investment Management to Support Monetary Authority of Singapore’s Equity Market Development Programme




Northern Trust Expands Mandate with Avanda Investment Management to Support Monetary Authority of Singapore’s Equity Market Development Programme

SINGAPORE–(BUSINESS WIRE)–#assetmanagement–Northern Trust (Nasdaq: NTRS) today announced it has expanded its fund services relationship with Avanda Investment Management, supporting its implementation of the mandate granted by Monetary Authority of Singapore (MAS) as part of the Equity Market Development Programme (EQDP).

Northern Trust will provide investment operations outsourcing, fund administration and Investment Risk and Analytical Services, building on a relationship with Avanda that began in 2015. Northern Trust supports Avanda’s full range of funds with the above services as well as custody, foreign exchange, and securities lending.

The EQDP is a S$5 billion (approximately US$3.8 billion) initiative aimed at strengthening Singapore’s asset management and research ecosystem and increasing investor interest in the local equities market.

Avanda’s strategy under its EQDP mandate aims to enhance investor access to Singapore-listed equities and contribute to the development of the local capital market. Avanda was selected as one of the first asset managers under EQDP, which is jointly administered by MAS and the Financial Sector Development Fund.

“We are proud to support Avanda in this milestone under the EQDP initiative,” said Yen Leng Ong, Northern Trust country executive for Southeast Asia. “This expansion reflects our commitment to delivering scalable, high-quality solutions that help asset managers grow and adapt in dynamic markets like Singapore.”

“We are pleased to work with Northern Trust on the implementation of our mandate as part of the EQDP initiative, which reflects our commitment to contributing to the development of Singapore’s capital markets,” said Michael Teo, co-chief executive officer and chief operating officer of Avanda Investment Management. “Northern Trust has become a valuable extension of our team through its consistent delivery, deep understanding of our operational needs and ability to scale, which has been instrumental in supporting our growth.”

Northern Trust’s Global Fund Services provides a complete suite of Asset Servicing solutions including fund administration, global custody, investment operations outsourcing and data solutions – supporting a range of complex investment strategies across the full spectrum of asset classes.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2025, Northern Trust had assets under custody/administration of US$18.2 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

Contacts

Media Contacts

Europe, Middle East, Africa & Asia-Pacific:

Camilla Greene

+44 (0) 20 7982 2176

Camilla_Greene@ntrs.com

 Simon Ansell

+ 44 (0) 20 7982 1016

Simon_Ansell@ntrs.com

US & Canada:

John O’Connell

+1 312 444 2388

John_O’Connell@ntrs.com

Northern Trust Expands Mandate with Avanda Investment Management to Support Monetary Authority of Singapore’s Equity Market Development Programme




Northern Trust Expands Mandate with Avanda Investment Management to Support Monetary Authority of Singapore’s Equity Market Development Programme

SINGAPORE–(BUSINESS WIRE)–#assetmanagement–Northern Trust (Nasdaq: NTRS) today announced it has expanded its fund services relationship with Avanda Investment Management, supporting its implementation of the mandate granted by Monetary Authority of Singapore (MAS) as part of the Equity Market Development Programme (EQDP).

Northern Trust will provide investment operations outsourcing, fund administration and Investment Risk and Analytical Services, building on a relationship with Avanda that began in 2015. Northern Trust supports Avanda’s full range of funds with the above services as well as custody, foreign exchange, and securities lending.

The EQDP is a S$5 billion (approximately US$3.8 billion) initiative aimed at strengthening Singapore’s asset management and research ecosystem and increasing investor interest in the local equities market.

Avanda’s strategy under its EQDP mandate aims to enhance investor access to Singapore-listed equities and contribute to the development of the local capital market. Avanda was selected as one of the first asset managers under EQDP, which is jointly administered by MAS and the Financial Sector Development Fund.

“We are proud to support Avanda in this milestone under the EQDP initiative,” said Yen Leng Ong, Northern Trust country executive for Southeast Asia. “This expansion reflects our commitment to delivering scalable, high-quality solutions that help asset managers grow and adapt in dynamic markets like Singapore.”

“We are pleased to work with Northern Trust on the implementation of our mandate as part of the EQDP initiative, which reflects our commitment to contributing to the development of Singapore’s capital markets,” said Michael Teo, co-chief executive officer and chief operating officer of Avanda Investment Management. “Northern Trust has become a valuable extension of our team through its consistent delivery, deep understanding of our operational needs and ability to scale, which has been instrumental in supporting our growth.”

Northern Trust’s Global Fund Services provides a complete suite of Asset Servicing solutions including fund administration, global custody, investment operations outsourcing and data solutions – supporting a range of complex investment strategies across the full spectrum of asset classes.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2025, Northern Trust had assets under custody/administration of US$18.2 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

Contacts

Media Contacts

Europe, Middle East, Africa & Asia-Pacific:

Camilla Greene

+44 (0) 20 7982 2176

Camilla_Greene@ntrs.com

 Simon Ansell

+ 44 (0) 20 7982 1016

Simon_Ansell@ntrs.com

US & Canada:

John O’Connell

+1 312 444 2388

John_O’Connell@ntrs.com