Modcon Systems Ltd. announces the continued development of its industrial AI strategy, combining online process analyzers, oxygen analyzer technology, hydrogen measurement, crude oil analysis and Modcon.AI software to support AI-enabled process optimization for refineries, hydrogen production, natural gas and petrochemical industries.

London, London, United Kingdom, 10th Aug 2026 — Modcon Systems Ltd., a deep technology company specializing in online process analyzers, oxygen analyzer technology, hydrogen measurement, crude oil analysis and AI-enabled process optimization, announces the continued development of its industrial AI strategy through the spin-out development of Modcon.AI.

Modcon.AI is being developed as a dedicated industrial AI platform focused on process optimization, process health analysis, predictive maintenance, energy efficiency and advanced decision support for refineries, hydrogen production, natural gas processing, petrochemical plants and other complex process industries.

The initiative builds on more than 50 years of Modcon Systems’ experience in process analysis, advanced control and industrial automation. Founded in 1972, Modcon has developed and supplied online process analyzers, analyzer systems and optimization solutions for oil refineries, natural gas facilities, hydrogen production plants, pipelines, petrochemical units and other demanding industrial applications.

The company’s strategy is based on a clear industrial principle: effective AI-enabled process optimization requires reliable real-time process data. Modcon’s analyzer technologies provide this critical measurement foundation by delivering continuous visibility into key process parameters such as oxygen, hydrogen, crude oil properties, hydrocarbon composition and process gas quality.

Modcon’s portfolio includes the MOD-1040 In-Situ Oxygen Analyzer, designed for safety-critical oxygen measurement in high-pressure gas, hydrogen, natural gas and hazardous-area applications. The company also provides hydrogen analyzer technologies for continuous hydrogen monitoring and process control, as well as crude oil analyzer solutions for refinery applications, crude oil quality monitoring, desalter performance, blending and crude distillation optimization.

By connecting these process analyzer platforms with Modcon.AI, Modcon Systems is advancing a new generation of industrial AI solutions that combine field measurement, process analytics and intelligent optimization software. This enables industrial operators to move beyond traditional monitoring toward more predictive, adaptive and performance-driven operation.

“Industrial AI is only as strong as the process data behind it,” said Gregory Shahnovsky, representing Modcon Systems Ltd. “Modcon’s advantage is the combination of real-time process analyzers, deep application knowledge and AI-enabled process optimization. Our oxygen analyzer, hydrogen analyzer and crude oil analyzer technologies provide the process visibility required for better decision support, refinery optimization, hydrogen process safety and operational efficiency.”

The development of Modcon.AI reflects the growing demand for industrial AI solutions that can support complex process operations in real time. In refinery applications, AI-enabled process optimization can help operators improve crude oil processing, product quality control, CDU performance, blending efficiency and energy use. In hydrogen production and gas processing, real-time oxygen and hydrogen measurement can support safety, purity control and process stability. In petrochemical and natural gas applications, continuous process analyzer data can provide the foundation for improved control, diagnostics and optimization.

Modcon Systems recently received two 2026 industry recognitions: Best Industrial Process Analytics and Hydrogen Technology Company 2026 and AI-Driven Process Optimization Excellence Award 2026. These awards recognise the company’s contribution to process analytics, hydrogen technology and AI-driven industrial optimization. 

The Modcon.AI spin-out development is intended to strengthen this direction by creating a focused platform for industrial AI, using real-time analyzer and process data to support improved plant performance, reduced variability, predictive insights and smarter operational decisions.

As industrial operators face increasing pressure to improve safety, reduce emissions, optimize energy consumption and maintain product quality, Modcon Systems believes the integration of process analyzers and industrial AI will become a key part of the next generation of process automation.

Through its combined portfolio of process analyzers, oxygen analyzers, hydrogen analyzers, crude oil analyzers, analyzer systems and AI-enabled process optimization software, Modcon Systems continues to support safer, smarter and more efficient operation across refining, hydrogen, natural gas, petrochemical and industrial process markets.

About Modcon Systems Ltd.

Modcon Systems Ltd. is a deep technology company with multidisciplinary engineering capabilities, developing proprietary process analysis, advanced control and AI-enabled optimization solutions for the process industries. Founded in 1972, Modcon has more than 50 years of experience in online process analyzers, analyzer systems, industrial measurement technologies and process optimization. Trusted by Fortune 100 energy and industrial companies, Modcon combines advanced process analyzers, automation and industrial AI to improve real-time decision-making, product quality, efficiency, safety and environmental performance across energy-intensive process industries.

The company serves oil refineries, natural gas processing facilities, hydrogen production, petrochemical plants, pipelines, chemical plants and other demanding industrial applications. Modcon’s technologies include in-situ oxygen analysis, hydrogen measurement, gas quality analysis, crude oil analysis, analyzer systems and Modcon.AI industrial optimization solutions.

Website: https://www.modcon-systems.com/
Modcon.AI: https://modcon.ai/

Media Contact

Organization: Modcon Systems Ltd.

Contact Person: Anya Alter

Website: https://www.modcon-systems.com

Email:
analyzer@modcon-systems.com

Contact Number: +442045771737

Address:10 Orange St., Haymarket

City: London

State: London

Country:United Kingdom

Release id:48026

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Texas ESA Letter reports growing appointment activity among younger adults, with internal 2026 data showing an increased share of requests from individuals ages 18–34 compared with the same period in 2025.

HOUSTON, Texas — August 9, 2026 — Texas ESA Letter today reported a growing share of appointment activity among younger adults through its online platform, based on an internal review of company records from January through July 2026. The company found that individuals between the ages of 18 and 34 accounted for approximately 42% of recorded appointment requests during the first seven months of 2026, compared with 31% during the same period in 2025.

The company said the figures represent an 11-percentage-point increase in the share of appointment requests attributed to the 18-to-34 age group during the measured period. The internal review examined approximately 2,400 appointment requests recorded between January 1 and July 31, 2026, and compared the results with approximately 1,900 requests recorded during the corresponding period of 2025.

According to Texas ESA Letter, the data was reviewed as part of the company’s regular assessment of appointment activity and administrative operations. The review focused on age distribution, appointment volumes, and changes in the composition of requests received through the company’s digital platform.

The company said the increase among younger adults represents one of the more noticeable changes identified in its 2026 appointment data. Individuals between 18 and 34 accounted for approximately 1,008 of the 2,400 requests recorded during the 2026 review period, compared with approximately 589 of the 1,900 requests recorded during the corresponding 2025 period.

“The internal figures show a clear change in the composition of appointment activity during the first seven months of 2026,” said JAKE, CEO at Texas ESA Letter. “The increase in the share of requests from younger adults is one of the trends identified through the company’s ongoing review of platform activity.”

The company said the data is being used for internal operational planning, including the assessment of appointment volumes, administrative workloads, and scheduling activity. Texas ESA Letter stated that the review does not attempt to determine why individual users seek appointments and does not represent an independent demographic study.

The company also noted that the figures reflect activity recorded through its own platform rather than the broader Texas population. The data therefore does not establish a statewide or national trend and should not be interpreted as a representative survey of younger adults.

The 2026 review forms part of Texas ESA Letter’s broader internal reporting process. The company periodically reviews appointment information to identify changes in platform activity and assess operational requirements.

During the January-to-July 2026 period, the company recorded an overall increase of approximately 26% in appointment requests compared with the same period in 2025. Within that total, requests from individuals aged 18 to 34 increased at a higher rate than the overall appointment volume.

Texas ESA Letter said the age distribution of appointment activity will continue to be monitored during the remainder of 2026. Additional internal reporting may be conducted as more appointment data becomes available.

The company emphasized that the reported figures are based solely on administrative records maintained through its platform. The figures are not the result of a medical study, demographic survey, or independent research project.

Texas ESA Letter said the findings provide an internal snapshot of changes in platform activity and will be considered alongside other operational information during future planning.

About Texas ESA Letter

Texas ESA Letter is a Texas-based online company operating a digital platform for appointment coordination and administrative services. The company uses online scheduling, digital communication, and administrative systems as part of its business operations.

Media Contact

Organization: Texas ESA Letter

Contact Person: Laurel Lee

Website: https://texasesaletter.org/

Email:
contact@texasesaletter.org

Address:2245 W Holcombe Blvd #45

City: Houston

State: Texas

Country:United States

Release id:47854

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Novarex Capital Partners has completed its initial funding round of five million pounds. The company is progressing with subsequent funding activity in support of its corporate objectives.

London, United Kingdom, 10th Aug 2026 – Novarex Capital Partners has announced the successful completion of its initial funding round. The round raised five million pounds. 

The capital supports the working capital requirements of an SRA-regulated law firm engaged in the preparation of eligible claims. The firm operates in accordance with SRA standards and maintains professional indemnity insurance. 

Following the closure of the initial round, Novarex Capital Partners is advancing a second funding round. A further round is also planned. These subsequent rounds form part of the company’s ongoing capital programme. 

The completion of the first round represents a corporate milestone for Novarex Capital Partners. It enables continued support for the operational needs of the SRA-regulated law firm. The firm focuses on eligible claims that meet established criteria and maintains a pipeline of contracted work. Client money handling and case processes follow applicable regulatory standards. 

Novarex Capital Partners continues to develop its funding activities in a structured manner. The initial five-million-pound round has closed. Further rounds are being progressed in sequence as part of the company’s capital strategy. 

This announcement records a corporate fundraising development. It concerns the successful completion of an initial capital raise and the planned continuation of related funding activity by Novarex Capital Partners. 

The company maintains a measured approach to its capital programme. Each stage of funding is designed to align with operational requirements while adhering to relevant regulatory frameworks. The involvement of an SRA-regulated law firm provides a regulated environment for the underlying activities supported by the capital. 

Novarex Capital Partners has confirmed that the first round is fully closed. Work on the subsequent stages of the funding programme is underway. No further details on the structure or terms of future rounds are being released at this time.

Novarex Capital Partners is a London based, specialist introduction platform focused on private credit, litigation finance, and structured capital. We identify and introduce non-market-correlated opportunities to sophisticated investors seeking curated access to private markets. Our approach is grounded in clarity, control, and alignment with long-term investors seeking resilient performance across cycles.
 

Media Contact

Organization: Novarex Capital Partners

Contact Person: Jane Claude

Website: https://novarexcapital.com/

Email:
welcome@novarexcapital.com

Contact Number: +442045773888

Address:International House, 142 Cromwell Road, London, England, SW7 4EF

City: London

Country:United Kingdom

Release id:47878

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Semantic XEO is a proprietary, math-driven AI visibility engineering framework within B2AI Communication. It structures a business’s knowledge, evidence, authority, and differentiators so AI agents and LLM-powered systems- including ChatGPT, Claude, Gemini, and Perplexity- can find, understand, verify, and accurately represent the business.

The Semantic XEO framework structures business knowledge, evidence, and authority for AI agents, including ChatGPT, Claude, Gemini, Perplexity, and emerging AI answer and recommendation systems.

SINGER ISLAND, FL, United States, 10th Aug 2026 – Intelligent Care Alliance today announced the expanded rollout of Semantic XEO, a proprietary AI visibility engineering framework that helps businesses become visible, accurately understood, and better positioned for recommendation by AI agents and large language model systems.

Semantic XEO is designed for the expanding ecosystem of AI technologies influencing how people discover businesses, evaluate expertise, compare providers, and make purchasing decisions. These technologies include consumer-facing platforms such as ChatGPT, Claude, Gemini, Perplexity, Microsoft Copilot, Google AI Overviews, and other emerging AI assistants, answer engines, autonomous agents, and LLM-powered recommendation systems.

As people increasingly ask AI systems questions such as “Which provider should I trust?”, “Who specializes in this service?” or “What is the best option for my situation?”, businesses face a new visibility challenge. A company may have an attractive website, strong traditional search rankings, and an excellent reputation, yet still be missing from AI-generated answers or represented inaccurately.

Semantic XEO addresses this challenge by engineering the business information that AI systems and agents can retrieve, interpret, verify, and use when generating an answer.

“Businesses are no longer communicating only with people,” said Dr. Kathryn Alderman, creator of Semantic XEO and founder of Intelligent Care Alliance. “They are also communicating with the AI agents helping people make decisions. Semantic XEO creates the structured meaning, evidence, and authority signals these systems need to understand what a business does, whom it serves, why it is different, and whether its claims can be trusted.”

Creating AI Visibility Across the LLM Ecosystem

AI visibility is broader than appearing in a traditional search result. It concerns whether AI systems can find a business, understand its identity and expertise, verify its claims, distinguish it from competitors, and confidently include it in a generated response.

Different AI platforms use different models, retrieval systems, search indexes, data sources, and reasoning processes. Semantic XEO does not attempt to optimize a business for only one platform. The framework develops a consistent information foundation that can support recognition across a broader ecosystem of AI agents and LLM-powered systems.

This includes:

• Conversational AI systems such as ChatGPT and Claude
• AI search and answer platforms such as Perplexity
• Google Gemini and AI-generated search experiences
• Microsoft Copilot and other enterprise AI assistants
• Specialized healthcare, legal, financial, and professional-service agents
• Emerging autonomous agents capable of comparing providers and completing tasks
• Future AI systems that rely on structured, verifiable business information

“ChatGPT, Claude, Gemini, and Perplexity may not produce identical answers, because they do not all retrieve and interpret information in exactly the same way,” Dr. Alderman explained. “Our objective is to engineer a clear and corroborated business identity that can be understood across multiple systems. We measure visibility in the answers these systems provide rather than assuming that one technical change will produce the same result everywhere.”

From Marketing Language to Machine-Readable Meaning

Traditional marketing was developed primarily to capture human attention. It often relies on visual presentation, emotional language, broad positioning statements, and claims such as “best,” “premium,” “leading,” or “world-class.”

AI systems require greater specificity.

They evaluate language, entities, relationships, context, evidence, consistency, and corroboration across multiple sources. When a business depends heavily on vague promotional language, an AI system may struggle to determine what is factually distinctive or relevant about that organization.

At the center of Semantic XEO is XENKEY, a structured meaning language created to organize business knowledge into focused, factual, and context-rich units. Each unit is designed to communicate what is true, whom the information concerns, why it matters, and what evidence or context supports it.

The XENKEY technical specification is published openly at xenkey.org for examination and continued development.

“Large language models convert language into mathematical representations of meaning,” Dr. Alderman said. “Semantic XEO uses that understanding to reduce ambiguity and strengthen semantic alignment. We replace broad, noisy marketing claims with information that is specific, relevant, consistent, and verifiable.”

The framework does not claim that any single formula controls what an AI platform recommends. Its mathematical models provide a disciplined way to evaluate meaning, alignment, consistency, discoverability, and competitive authority across the business’s information ecosystem.

Retrieval helps an AI system find a business. Structured meaning helps the system understand it. Evidence and corroborated authority help the system evaluate whether it should be included among the recommended options.

The AI Visibility Framework Within B2AI Communication

Semantic XEO is not a separate marketing service or a renamed version of conventional search engine optimization. It is the AI visibility engineering framework within B2AI Communication, or business-to-artificial-intelligence communication.

B2C communication is designed for consumers. B2B communication is designed for businesses. B2AI Communication is designed for the AI systems increasingly positioned between businesses and the people they want to reach.

The discipline focuses on communicating a company’s identity, expertise, services, evidence, relationships, authority, and differentiators in forms that AI systems can process.

Semantic XEO engineers this communication across the layers machines may use, including:

• Website content
• Entity definitions
• Structured data and schema
• Business and professional profiles
• Machine-readable knowledge files
• XENKEY meaning units
• Public relations and third-party coverage
• Supporting evidence and citations
• Cross-platform business information
• Emerging agent-interaction standards

The goal is to create a consistent representation of the business across human-readable and machine-readable environments.

Three Integrated Areas of AI Visibility Engineering

Semantic XEO is implemented through three connected areas:

Engineered PR develops external trust and authority signals. It connects business claims to structured proof, expert positioning, relevant media coverage, and third-party evidence that AI systems may retrieve and use for corroboration.

Engineered Readability creates the foundational business identity and meaning architecture. This may include entity clarification, XENKEY development, structured content, knowledge organization, schema alignment, and machine-readable resources.

Engineered Authority strengthens the business’s competitive position through differentiation, consistency, cross-platform corroboration, and evidence alignment. It is designed to help a qualified organization become a stronger candidate when AI systems compare businesses within a category or geographic market.

Every engagement begins with a Semantic XEO Diagnostic. The diagnostic documents how systems such as ChatGPT, Claude, Gemini, and Perplexity currently identify, describe, compare, and recommend the organization.

That baseline is used to identify visibility gaps, inaccurate information, weak authority signals, missing evidence, and areas of semantic confusion. Changes can then be monitored across multiple AI systems and prompt categories.

Because AI-generated answers can vary according to the platform, model, prompt, user context, location, retrieved sources, and timing, Semantic XEO does not guarantee placement within any particular response. Instead, it creates and measures the structural conditions that can improve accurate AI recognition and recommendation readiness.

Built for Businesses Where Trust Drives the Decision

Semantic XEO initially serves organizations in industries where expertise, reputation, and trust strongly influence customer decisions. These include medical and dental practices, law firms, health and wellness organizations, luxury and lifestyle companies, and wealth-advisory brands.

The framework is part of the Intelligent Care Alliance Innovation AI Ecosystem, which develops applied AI strategies for healthcare and professional-service organizations.

Dr. Alderman developed Semantic XEO while advancing her education in AI agentic systems through a professional program associated with the Johns Hopkins Whiting School of Engineering. Her work brings together more than two decades of experience in dentistry, business strategy, communications, and applied artificial intelligence.

Semantic XEO and XENKEY are the subjects of pending federal trademark applications with the United States Patent and Trademark Office. The formulas, methodologies, and implementation processes form part of Intelligent Care Alliance’s developing intellectual-property portfolio.

“The future of visibility will not be determined only by whether people can find a website,” Dr. Alderman said. “It will also depend on whether AI agents can understand the business behind that website. We create the visibility infrastructure that helps deserving businesses become accurately represented, credibly trusted, and appropriately considered by the AI systems influencing human decisions.”

Semantic XEO accepts a limited number of client engagements each quarter. Businesses can request a diagnostic and learn more at semanticxeo.com.

About Semantic XEO

Semantic XEO, or Cross-Entity Optimization, is a proprietary AI visibility engineering framework created to help businesses become visible, understood, and recommendation-ready across AI agents and LLM-powered systems. Powered by the XENKEY structured meaning language, Semantic XEO organizes business knowledge, evidence, context, relationships, and authority into signals that AI systems can retrieve, interpret, verify, and corroborate. Semantic XEO is part of the Intelligent Care Alliance Innovation AI Ecosystem.

About Intelligent Care Alliance

Intelligent Care Alliance is an AI advisory and innovation agency founded by Dr. Kathryn Alderman. The agency helps healthcare organizations, professional-service firms, and trust-dependent brands strengthen AI visibility, implement artificial intelligence, improve operational workflows, and prepare for an increasingly agent-driven economy.

Media Contact

Organization: Semantic XEO

Contact Person: Semantic XEO

Website: https://semanticxeo.com

Email:
semanticxeoai@gmail.com

Contact Number: +19549450495

Address:3000 North Ocean Drive

Address 2: Riviera Beach

City: Riviera Beach

State: FL

Country:United States

Release id:47993

The post Semantic XEO Launches AI Visibility Engineering for ChatGPT, Claude, and AI Agents appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

Dubai, UAE, August 10th, 2026, FinanceWire

The proprietary trading firm of the OFinancial group introduces three routes to funding, four trading platforms, and simulated accounts of up to $250,000.

OFunded has entered the proprietary trading market with a funding offering built on the infrastructure, execution quality, and support culture of OFinancial Markets.

OFinancial Markets describes OFunded as the proprietary trading firm of the OFinancial group. The company says it has applied the same infrastructure, execution quality, and support culture used by its brokerage business to the funded trading environment.

OFunded offers three routes to a funded account: Instant Funding, a 1-Step Challenge, and a 2-Step Challenge. The different routes allow traders to choose between beginning without a traditional evaluation, completing one evaluation phase, or following a two-phase process.

“OFunded is our answer to a question we heard for years: I can trade, but where do I find the capital?” said Abdulkader Abdi, Founder and CEO of OFinancial Markets.

Three Routes to a Funded Account

OFunded’s 2-Step Challenge is its most affordable route, starting from $89. Traders are required to reach an 8% target during the first phase and a 5% target during the second phase, with no time limit on either phase.

The 1-Step Challenge requires traders to complete a single evaluation phase, while Instant Funding allows traders to skip the traditional evaluation process and begin with no growth target.

Across the three routes, OFinancial Markets states that OFunded does not apply a consistency rule, permits news trading, and allows Expert Advisors. Traders must continue to comply with the applicable loss, drawdown, and program rules.

Four Trading Platforms

OFunded provides access to four trading platforms:

• cTrader
• DXTrade
• MatchTrader
• GooeyPro

According to OFunded, traders can choose the platform that best suits their trading approach while using the same funding terms and payout structure.

The platform comparison published by OFunded positions cTrader around depth-of-market tools and cBots, DXTrade around browser-based access, MatchTrader around mobile and copy-trading functionality, and GooeyPro around systematic and algorithmic trading.

OFunded provides access to more than 150 instruments across forex, indices, metals, and cryptocurrencies under simulated market conditions.

Simulated Accounts of Up to $250,000

Depending on the selected program, OFunded offers simulated funded accounts of up to $250,000. Its official materials state that account gains are shared through a tiered structure reaching up to 90%, with payout requests available on a monthly basis.

OFunded’s official website states that all funded-account trading is simulated. Traders operate with notional capital, and performance within the program does not represent live trading outcomes.

With three funding routes, four platform options, more than 150 instruments, and the infrastructure of the OFinancial group, OFunded is positioning its offering around greater choice in how traders enter and use a funded trading program.

Further information about OFunded’s programs, pricing, platforms, and trading rules is available on its official website.

About OFunded

OFunded is the proprietary trading firm of the OFinancial group and is operated by OMNI Markets LLC. It provides access to simulated trading evaluations and funded accounts through Instant Funding, 1-Step, and 2-Step programs.

Media Contact

OFunded

Office 3, 3rd Floor

One Central, Dubai World Trade Centre

Dubai, United Arab Emirates

Website: ofunded.com

Contact

OFunded
info@ofunded.com

New York, United States, August 10th, 2026, FinanceWire

Revenue in the brokerage and banking segments grew by 60% and 54%, respectively; total assets reached $14.0 billion as the company continued to expand its digital ecosystem and international banking presence

Freedom Holding Corp. (NASDAQ: FRHC), an international financial services and technology group, today announced its condensed consolidated financial results for the first quarter of fiscal year 2027, covering the three months ended June 30, 2026.

The company’s net revenue increased by 40% to $732.5 million, compared with $524.0 million in the same period last year. Growth was driven primarily by the brokerage and banking businesses, together with the continued expansion of Freedom’s telecommunications, payments, travel, and other digital services. As of June 30, 2026, Freedom Holding Corp.’s total assets were $14.05 billion, compared with $13.16 billion as of March 31, 2026. Shareholders’ equity increased to $1.54 billion, while cash and restricted cash totaled $2.82 billion at the end of the reporting period.

Freedom Holding Corp. also expanded its digital ecosystem through the acquisition of ChessBase GmbH. A month after the reporting period, the company completed its acquisition of an approximately 99.32% stake in Turkish Bank A.Ş., further strengthening its international banking presence.

“We have made a strong start to the new fiscal year, significantly increasing revenue while continuing to deliver strong quarterly profits. This allows us not only to invest actively in the further development of the Freedom ecosystem, but also to expand it into new markets. We completed the acquisition of a bank in Turkey, where we will soon begin rolling out our ecosystem, which has already proven successful in Kazakhstan,” said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp.

Key Financial Results

• Interest income increased by 49% to $295.1 million, driven by higher interest income from margin lending, interest income on loans to customers, and securities portfolios.          
• Fee and commission income rose by 46% to $156.7 million, primarily driven by higher brokerage activity and growth in brokerage service commissions. Net gains on trading securities increased by 75% to $79.8 million, reflecting higher valuations of securities positions and gains from the sale of Kazakhstan sovereign and corporate debt securities. 
• Total expenses increased by 45% to $691.7 million, compared with $476.5 million a year earlier. The increase was driven mainly by higher insurance claims and policyholder benefits, interest expense, payroll and bonuses, and general and administrative expenses.
• Net income for the quarter was $31.7 million, or $0.52 per diluted share, compared with $37.4 million, or $0.61 per diluted share, a year earlier.

Business Segment Results

Revenue in the brokerage segment was up 60% to $282.6 million. This growth was driven by higher client trading activity, increased fee and commission income, and greater use of margin financing. Meanwhile, revenue in the banking segment rose by 54% to $225.2 million. This reflected higher interest income, gains on transactions in Kazakhstani government and corporate debt securities, and foreign exchange operations.

Revenue in the Other segment doubled to $73.9 million due to the expansion of the telecommunications business and increased activity across Arbuz and the company’s payment processing, travel and ticketing businesses.

Expansion of the Customer Base and Banking Business

As of June 30, 2026, the banking segment served 5.447 million customers, up from 5.026 million as of March 31, 2026. The brokerage segment served 874,000 customers, the insurance segment 924,000, and the Other segment 1.498 million.

Total assets in the banking segment increased by 12% during the quarter to $6.03 billion, while the deposit portfolio grew by 20% to $3.03 billion. The segment’s trading portfolio increased by 31% to $2.27 billion.

On June 24, 2026, S&P Global Ratings raised the long-term issuer credit ratings of Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC from “B+” to “BB-.” The outlooks on all four entities are stable.

About Freedom Holding Corp.

Freedom Holding Corp. provides financial services in 24 countries, including Kazakhstan, the United States, multiple EU countries, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in the Russell 3000 Index.

Contact

Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
+77013641454

SAN JOSE, CA, August 10th, 2026, FinanceWire

Peraso Inc. (NASDAQ: PRSO) (“Peraso” or the “Company”), a pioneer in mmWave wireless technology solutions, today announced the introduction of the “PRM2145,” a new wireless communications module specifically designed to address the requirements of unmanned aerial vehicles (UAV), autonomous systems, and defense communications applications.

The launch of the PRM2145 marks an important expansion of Peraso’s product portfolio in the rapidly growing defense and UAV communications markets. Unlike conventional communications solutions operating in congested lower-frequency spectrum bands, the PRM2145 leverages Peraso’s proven 60 GHz mmWave technology platform to provide secure, low-latency, gigabit-class communications in a lightweight, compact module for airborne platforms with strict size, weight, and power constraints.

To support mission-critical deployments, the PRM2145 is intended to enable robust command-and-control links, high-definition video transmission, intelligence, surveillance, and reconnaissance (ISR) data transport, identification friend or foe (IFF) communications, and drone-to-drone communications, while providing enhanced resistance to interference and electronic jamming.

The surging global adoption of drones across military, homeland security, public safety, and commercial applications is driving demand for secure communications technologies capable of delivering higher bandwidth, lower latency, and greater resilience than conventional radio systems.

“Autonomous systems are becoming an increasingly important component of modern defense, security, and commercial operations, creating significant demand for advanced communications solutions that can operate reliably in challenging radio frequency environments,” stated Ronald Glibbery, Chief Executive Officer of Peraso. “The PRM2145 was specifically developed to address this opportunity by utilizing Peraso’s industry-leading mmWave expertise to address the unique requirements of UAV communications. We believe the product is well positioned to support a broad range of emerging UAV applications, where reliability, security, low latency, and jam resistance are mission critical.”

By utilizing advanced beamforming technology, the module is designed to create highly directional links intended to be difficult to detect, intercept, or disrupt. This architecture is intended to provide significant advantages for defense and security applications, where communications resilience and operational security are paramount.

Key features of the PRM2145 include:

• Purpose-built architecture optimized for UAV and drone communications
• Gigabit-class wireless throughput
• Ultra-low-latency communications for real-time control and video transport
• Advanced beamforming technology with highly directional links
• Enhanced resistance to jamming, interference, and spectrum congestion
• Lightweight and compact construction specifically designed for airborne platforms
• Support for secure point-to-point and networked communications
• Rapid integration into defense, public safety, industrial, and commercial drone systems

Market demand for resilient UAV communications continues to accelerate, as governments and commercial operators increase investments in autonomous platforms. Industry analysts project significant long-term growth in both the global UAV market and the associated communications infrastructure required to support sophisticated airborne systems. Peraso believes it is well positioned to capitalize on these trends by delivering differentiated mmWave-based solutions that address critical performance and security requirements not readily achievable with traditional wireless technologies.

“The introduction of the PRM2145 demonstrates Peraso’s strategy of leveraging its core mmWave intellectual property and technology leadership to address high-value market opportunities beyond traditional fixed wireless access applications,” said Mike Hamilton, Vice President of Business Development at Peraso. “We continue to see substantial interest in secure communications technologies for defense and autonomous systems, and we believe the PRM2145 strengthens our position in these attractive and expanding markets.”

The PRM2145 is expected to be available in Q4 2026 for customer evaluation and is designed for integration into a broad range of unmanned and autonomous platforms, including tactical drones, loitering munitions, ISR systems, autonomous ground vehicles, and advanced robotic systems. 

For additional information about the product, availability and pricing, contact Peraso sales at sales@perasoinc.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the “safe harbor” created by those sections. All statements in this release that are not based on historical fact are “forward-looking statements.” These statements may be identified by words such as “estimates,” “anticipates,” “projects,” “plans,” “strategy,” “goal,” or “planned,” “seeks,” “may,” “might”, “will,” “expects,” “intends,” “believes,” “would,” “should,” and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address the availability, operating performance, and advantages of the products of Peraso and the anticipated use of mmWave technology in defense, autonomous, and UAV applications, that are not otherwise historical facts, are forward-looking statements.

Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to, anticipated use of mmWave technology in defense, autonomous and UAV applications, the successful implementation and performance of the technology and hardware of Peraso with autonomous and UAV technology, the anticipated tactical and operational advantages of beamforming antenna technology relative to traditional radio frequency solutions, the risk that the performance characteristics described above, including with respect to jam-resistance and low probability of intercept/detection, may not be replicated in actual field conditions, third-party testing, or customer deployments, the availability and performance of Peraso’s products, reliance on manufacturing partners to assist successfully with the fabrication of Peraso’s ICs and modules, changes in defense spending priorities, government budget constraints, military procurement policy, or geopolitical developments that could reduce or delay demand for the Company’s technologies in military and government applications, the risk that Peraso’s products or technology may be subject to U.S. export control laws and regulations, including EAR or ITAR, and that compliance or non-compliance may limit the addressable market or expose the Company to civil or criminal penalties, availability of quantities of ICs supplied by Peraso’s manufacturing partners at a competitive cost, level of intellectual property protection provided by Peraso’s patents, vigor and growth of markets served by Peraso’s customers and its operations, and other risks, including the risks discussed in Peraso’s Securities and Exchange Commission filings. Peraso undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.

About Peraso Inc.

Peraso Inc. (NASDAQ: PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, drone, defense and tactical communications, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.

Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.

Media Contact:

Tyler Weiland

Shelton Group

P: 972-571-7834

E: tweiland@sheltongroup.com

Contact

Company Contact
Mike Hamilton
VP, Business Development
mhamilton@perasoinc.com