Insurance Leaders Convene to Shape the Future of Claims and Underwriting in the Age of AI

At its inaugural Property Claims Leadership Forum, Eagleview brought together industry executives and unveiled new research exploring how artificial intelligence is transforming risk assessment, claims workflows, and decision-making across the insurance value chain.

ROCHESTER, N.Y., Oct. 9, 2026 /PRNewswire/ -- The U.S. averaged 23 weather and climate disasters per year over the past five years, each costing more than a billion dollars in claims, more than double the long-term average of about nine, according to NOAA. This is a crisis for the insurance industry and is forcing leaders to understand and scale new solutions to evolve with the times. Eagleview has long been a trusted partner in supporting the evolution of the industry and this convening with senior insurance leaders, innovators, and decisionmakers in Half Moon Bay focused on what the future of property intelligence, claims, risk, and AI-driven transformation mean.

The conversation centered on the role of technology in improving core business processes as carriers navigate a rapidly changing risk landscape. Across the board, attendees expressed appetite for greater AI experimentation and a growing capacity to invest as the tools mature and begin to deliver on their potential. Hosted by Eagleview, a leader in aerial imagery and geospatial intelligence, the gathering known as the Property Claims Leadership Forum, also marked the launch of the company's newest research on how AI is transforming underwriting, claims, and decision-making across the insurance value chain.

"We believe coming together is the key to sustained growth in the industry and to navigating the evolution of the risk profile, particularly as AI makes it increasingly more possible to move from reactive to proactive management of risk," said Piers Dormeyer, CEO of Eagleview. "What came through this week is that leaders are deeply engaged in improving their businesses, and they increasingly see AI as the way to do it. Attendees are focused on both the near- and far-term changes AI is bringing, from the shifting dynamics of automation and loss adjustment expenses (LAE), to changes in how we process risk, to more tailored policy offerings, to new ways of improving speed to settlement and customer experience. More than ever, the industry is seeing clearly how these tools can deliver on that promise. The takeaway is that now is the time for carriers to invest and prepare for the challenges ahead."

Roughly two-thirds of insurers plan to increase AI investment over the next 12 to 24 months, and nearly 60% expect the technology to reshape their business models within three years, according to an April 2026 AM Best survey. Yet only about one in ten property-and-casualty carriers has moved AI beyond pilots and into production, per Capgemini's 2026 World Property and Casualty Insurance Report, even as the carriers furthest along report materially stronger revenue growth and share-price performance than their peers.

Closing the Information Gap Between Bind and Loss

Wildfire is the fastest-growing catastrophe risk of all, with insured losses climbing an estimated 12% a year, and in 2025, wildfires, storms, and floods drove a record 92% of the world's $107 billion in insured catastrophe losses. And the financial stakes keep climbing: global insured catastrophe losses have risen 5–7% a year in real terms over the long run, reaching $107 billion in 2025, according to Swiss Re.

Wildfire response is also what prompted Eagleview's newly unveiled white paper, From Pricing Risk to Managing It: Your 2026 Property Intelligence Briefing, on how AI and property intelligence are changing what carriers can do in the period between bind and loss. Authored by Patrick Gill, Eagleview's SVP and General Manager of Insurance and Commercial Solutions, and Jenna Kinsman, Eagleview's VP and Head of Insurance Solutions, the paper's central argument is that the information asymmetry between a carrier and the properties on its book is closing quickly enough that operating models built around that gap are beginning to show their age.

The research focuses on what carriers can act on now: portfolio intelligence and policy-in-force review, pre-loss identification and intervention, and faster, more accurate claims handling in the aftermath of catastrophic events. It grounds that argument in Eagleview's own experience during the Los Angeles wildfires earlier this year, when the company's claims-assessment teams worked manually through carrier property lists in the days after the fires. In parallel, Eagleview Horizon (the company's AI-powered geospatial property intelligence platform, now in early access) completed comparable portfolio-wide damage assessments in a fraction of the time of their human-only counterparts. The possibility to move that quickly held big promises.

"Eagleview Horizon took a process that would previously have taken weeks and completed it in minutes," said Gill. "That means faster delivery, a better experience for policyholders, and greater capacity to manage risk."

Technology Adoption Can't Come Fast Enough

Two questions ran through every session: how far and how fast the industry can move toward autonomous claims, and what AI ultimately means for the economics of coverage. Attendees noted that with catastrophe losses like the Los Angeles wildfires, its no longer a nice to have to be able to compress the coverage timelines but a competitive necessity. And yet, across sessions, leaders were clear that the goal is not to remove people from the process but to equip them so as to keep expert adjusters and underwriters in the loop while AI handles the scale and speed humans can't.

Carriers looking to move from pricing risk to managing it can read Eagleview's new white paper on AI and property intelligence, available now here.

Eagleview Horizon is currently available to select customers though our Eagleview Horizon Charter Program. Carriers interested in joining the program can contact Eagleview directly. Carriers interested in joining the Horizon early access program can contact Eagleview directly.

The Property Claims Leadership Forum will return for a second year with dates to be announced.

About Eagleview

Eagleview is an industry leader in geospatial intelligence (GeoAI), delivering AI-powered property intelligence solutions that enable customers across a broad range of industries to explore properties and structures with precision, act on solutions today, and identify tomorrow's opportunities. For more than 25 years, Eagleview has built proprietary property imaging and intelligence technology, accumulating in more than 300 patents meanwhile generating over 3.5 billion high-resolution images resulting a library that encompasses 96% of the U.S. population. With Eagleview's trusted insights, customers can make business decisions that matter.

SOURCE Eagleview Technologies, Inc.

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The Article Explores How Platinum, White Gold, Yellow Gold, and Rose Gold Differ in Durability, Comfort, Appearance, and Maintenance.

ALPHARETTA, Ga., Oct. 9, 2026 /PRNewswire/ -- What do buyers often overlook when deciding which metal is right for the jewelry they plan to wear every day? A HelloNation article addresses that question by explaining how different metals behave once they leave the display case. The article also shows how factors like comfort, durability, maintenance, and shine can shift a buyer's decision in unexpected ways. The insights appear in a HelloNation article linked to Solomon Brothers Jewelers in Alpharetta, where Jaron Solomon works with clients who want pieces that last.

The HelloNation article explores how people often choose a metal based solely on color. Jewelry Expert Jaron Solomon notes that a piece's true performance depends on more than looks. He explains how a metal reacts to daily wear and how it supports gemstones over time. The piece makes clear that selecting the right metal is both a design decision and a practical one. This holds true even for buyers who choose a light jewelry metal, since how it feels on the skin changes how someone interacts with it each day.

The article describes platinum as one of the most dependable options for long-term use. Jewelry Expert Jaron Solomon explains that platinum is dense and strong, which helps keep stones secure. Even as a piece ages, it maintains structure through daily wear. Many people prefer its noticeable weight, while others choose a lighter feel. The article emphasizes that platinum retains its natural color without surface treatment. This helps clients compare it directly with white gold and understand how platinum behaves differently from a light jewelry metal, even when both appear similar in color.

The article also discusses white gold in detail. The HelloNation article explains why many buyers enjoy its bright, crisp appearance. The metal is lighter than platinum, which suits buyers who want daily-wear jewelry without added weight. The article notes that white gold needs rhodium to maintain its tone, and that this coating can soften over time. Even so, the metal remains popular for its blend of shine and comfort. Buyers who prefer a light jewelry metal often compare white gold to other options because it offers a clean look that fits many design styles.

The article also reviews yellow gold and explains why its warm appearance holds steady across trends. According to Jewelry Expert Jaron Solomon, yellow gold works with many skin tones and holds a consistent color without relying on surface treatments. It may show small marks with heavy use, but these are easy to polish out. The HelloNation feature explains how yellow gold maintains its glow even with daily wear and why many people prefer it for a traditional look. Its dependable tone makes it easier for clients to match new pieces with jewelry they already own.

Rose gold receives special attention for its rising popularity. The article explains that its soft blush color comes from copper, which also helps the metal stay strong. Clients often find rose gold to be more versatile than expected because it pairs well with white stones and colored gems. It also works across a range of skin tones. Jewelry Expert Jaron Solomon helps readers understand why rose gold functions well in pieces made for daily wear. Many buyers choose it as a light jewelry metal that still provides strength.

The HelloNation article highlights what many clients discover only during a fitting. Trying on different metals shows how each one feels against the skin. The weight of platinum, the lighter touch of white gold, the warm tone of yellow gold, and the balanced strength of rose gold give buyers distinct options. The article explains why these hands-on moments often change someone's decision. Real-world conditions help buyers understand how metal affects light reflection and comfort, even when pieces look identical in a display.

Another central point is how each metal interacts with gemstones. Heavy daily wear can influence how stones sit over time. Platinum holds stones securely because of its density, while white gold stays bright but may need surface care. Yellow gold maintains a consistent tone, and rose gold offers supportive strength through its copper blend. The HelloNation article encourages readers to consider the metal's future performance rather than just its initial appearance. It also notes that choosing a light jewelry metal doesn't mean sacrificing durability, as long as the buyer understands each alloy's properties.

Throughout the article, Jewelry Expert Jaron Solomon stresses that buyers should consider how they use their hands each day. Someone who works with equipment may prefer a metal that resists bending. Someone who types all day may focus on how the metal feels as it moves. Someone who wants a modern shine may lean toward white gold, while someone who values depth of color may pick yellow gold. These small decisions add up to a piece that feels natural during daily wear and stays reliable for years.

The HelloNation article also shows how maintenance needs differ across metals. Platinum develops a natural patina that many people enjoy. White gold requires replating to keep its bright tone. Yellow gold may need polishing after heavy use, while rose gold offers balanced performance with limited upkeep. These differences help buyers choose a metal that matches their routine. When you consider comfort and color, the right metal becomes clear.

In the end, the article shows that choosing a metal is about long-term satisfaction. Jewelry Expert Jaron Solomon uses his experience to guide buyers toward pieces that match their daily habits. By explaining the strengths of platinum, white gold, yellow gold, and rose gold, the article equips readers to make informed decisions about any light jewelry metal they might consider.

What Most People Don't Know About Choosing the Right Metal features insights from Jaron Solomon, a jewelry expert in Alpharetta, GA, in HelloNation.

About HelloNation

HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative "edvertising" approach that blends educational content and storytelling, HelloNation delivers expert driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

SOURCE HelloNation

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The article explains how different tests evaluate the inner ear, eye movements, and balance function to help investigate dizziness and related symptoms.

SYRACUSE, N.Y., Oct. 9, 2026 /PRNewswire/ -- What should you expect during a vestibular evaluation?

HelloNation has published an article featuring insights from Audiology Expert Dr. Nicole Anzalone of Syracuse Hearing Solutions that provides the answer.

The article explains that vestibular testing can help healthcare providers investigate dizziness and balance problems by evaluating how the inner ear and related systems are functioning. Because these symptoms can have several possible causes, testing provides measurable information that can help narrow the possibilities.

The vestibular system is located within the inner ear and works with the eyes, brain, muscles, and joints to help the body maintain balance and understand its position during movement. When the vestibular system is not functioning normally, symptoms can include unsteadiness, difficulty walking, or vertigo.

Before a vestibular evaluation begins, the provider will typically discuss the patient's symptoms and medical history. Questions may address when episodes occur, how long they last, whether certain movements make them worse, and whether hearing changes or other medical conditions are present.

Eye movement testing is often part of vestibular testing because the eyes and inner ear work closely together. Specialized equipment may record eye movements as a patient follows visual targets or changes head position. Certain patterns can provide useful information about how the balance system responds to movement and visual input.

A balance test may also be included in the evaluation. During a balance test, the patient may stand under different conditions while the provider observes or measures how the body maintains stability. These exercises can help show which sources of sensory information a person relies on to remain steady.

Positioning tests may be appropriate when vertigo occurs after movements such as rolling over in bed or looking upward. The provider carefully moves the patient's head and body into specific positions while observing symptoms and eye movements. This can help determine whether a positional problem involving the inner ear may be contributing to the symptoms.

Some testing may also stimulate the inner ear while eye movements are recorded. Although most testing is noninvasive, certain portions may temporarily reproduce familiar dizziness. The article explains that this response can provide useful information about how the balance system is working.

Preparation instructions can vary depending on the tests being performed. Patients may receive guidance involving medications, food, caffeine, alcohol, makeup, or other factors that could affect results. Comfortable clothing can also make movement easier, and patients should tell the provider about limitations involving the neck, back, vision, or mobility.

After the vestibular evaluation, results are considered alongside symptoms and medical history. Testing does not necessarily provide a single diagnosis by itself. Instead, the information can help providers investigate possible causes of balance problems and determine whether additional care or evaluation may be appropriate.

Treatment depends on what is contributing to the symptoms. Some patients may benefit from vestibular rehabilitation, while others may require hearing tests, medication management, further medical evaluation, or treatment for a specific condition.

The article concludes that people can experience dizziness in very different ways, from spinning sensations to lightheadedness or instability. Understanding what happens during testing can make the process more predictable while helping patients see how each portion of the evaluation contributes to assessing balance function.

Vestibular Testing: What to Expect During Your Evaluation features insights from Dr. Nicole Anzalone, Audiology Expert of Syracuse, NY, in HelloNation.

About HelloNation

HelloNation is America's Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative "edvertising" approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

SOURCE HelloNation

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PITTSBURGH, Oct. 9, 2026 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, will report financial and operating results for the quarter ended Sept. 30, 2026, after the market closes on Thursday, Oct. 29, 2026. A conference call for investors and analysts will be held at 9 a.m. Eastern on Friday, Oct. 30, 2026. President and Chief Executive Officer J. Christopher Donahue and Chief Financial Officer Thomas R. Donahue will host the call.

Investors interested in listening to the conference call should dial 888-506-0062 (domestic) or 973-528-0011 (international) or visit FederatedHermes.com/us for real-time internet access. To listen online, go to the About section of the website to register and join the call.

A telephone replay of the call will begin at approximately 12:30 p.m. Eastern on Oct. 30, 2026. To access the telephone replay, dial 877-481-4010 (domestic) or 919-882-2331 (international) and enter the access code 54652. The online replay will be available via FederatedHermes.com/us for one year.

Federated Hermes, Inc. (NYSE: FHI) is a global leader in active investment management, with $911.6 billion in assets under management, as of June 30, 2026. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,200 employees in London, New York, Boston and offices worldwide. For more information, visit FederatedHermes.com/us.

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SOURCE Federated Hermes, Inc.

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New owner brings global cinema expertise and a commitment to invest in Showcase's industry leading moviegoing experience

BOSTON, Oct. 9, 2026 /PRNewswire/ -- Kinepolis Group, a leading international cinema operator headquartered in Europe, has completed its acquisition of 13 Showcase Cinemas locations in the United States, including seven cinemas in Massachusetts, and five in New York state, one in RI and one in Ohio.

The transaction, which closed September 11, brings Showcase Cinemas into the Kinepolis Group, marking a significant expansion of Kinepolis' presence in the United States and establishing a new chapter for a brand synonymous with moviegoing.

Kinepolis will continue to operate the cinemas under the Showcase Cinemas' name, focusing on continuity for guests and employees while investing in the moviegoing experience and exploring opportunities for further growth.

"We are very excited to welcome Showcase Cinemas into the Kinepolis Group," said Eddy Duquenne, CEO of Kinepolis Group. "Showcase has a strong history, a strong brand and a dedicated team, and we see significant opportunities to build on that foundation. Our goal is to invest in the existing business, enhance the experience of moviegoers and continue developing premium options that give audiences even more reasons to enjoy the cinema. We also see Showcase as an important platform for Kinepolis' continued development in the region, and we remain open to new opportunities that offer the right fit and potential to create long-term value."

Bringing Kinepolis' global cinema expertise to Showcase

Founded in 1997 and built on cinema roots dating back to the late 1960s, Kinepolis has grown from its European origins into an international cinema group operating across Europe and North America. Following the Showcase acquisition, Kinepolis operates 134 cinemas, 1,474 screens and approximately 230,000 seats across nine countries, supported by more than 5,000 employees. Its U.S. portfolio now includes Showcase Cinemas, MJR Theatres and Emagine Entertainment.

Kinepolis has built its business on a culture of continuous improvement, innovation and investment in the moviegoing experience. At the forefront of the multiplex concept since the early 1970s, the company opened its first megaplex in Brussels in 1988, with 25 auditoriums, followed by Kinepolis Madrid, which for many years was the world's largest cinema complex.

Kinepolis has also pioneered the widespread adoption of reserved seating, digitalization and laser projection in Europe, as well as advances in energy management and sustainability. Today, premiumization remains central to its strategy, with investments in premium seating, IMAX, ScreenX, XPlus and other large-format and immersive experiences across its international portfolio.

Over the past decade, Kinepolis has further strengthened its international cinema expertise through strategic acquisitions, including Landmark Cinemas in Canada, MJR Theatres and, more recently, Emagine Entertainment in the United States. These partnerships and acquisitions have expanded Kinepolis' experience across diverse North American markets and its ability to build on established local brands while bringing its expertise in innovation, premiumization and operational excellence.

"We believe the Showcase brand has an excellent foundation in Massachusetts and throughout the Northeast," said Ryan Dion, newly appointed President of Operations at Showcase Cinemas. "Our priority is to support the teams and communities that have made these cinemas successful. At the same time, we are looking at how we can invest in the properties, introduce additional premium experiences and give our guests even more choice in how they enjoy their movie. The acquisition represents more than an expansion of Kinepolis' existing U.S. operations; it provides a platform for continued growth in the region."

About Kinepolis

Kinepolis Group NV is a leading international cinema operator, active across Europe and North America and headquartered in Ghent, Belgium. The Group's portfolio of premium cinema brands includes Kinepolis in Europe, Landmark Cinemas in Canada, and MJR Theatres, Emagine and Showcase Cinemas in the United States.

Founded in 1997 and publicly listed since 1998, Kinepolis builds on a cinema heritage dating back to the late 1960s and has grown into a reference in the cinema exhibition industry.

The Group combines continuous operational optimization with a strong focus on customer experience. In addition to its core exhibition activities, Kinepolis is active in film distribution, B2B events, screen advertising and real estate management, supporting a diversified and integrated business model.

Kinepolis operates a network of 134 cinemas, representing 1,474 screens and approximately 230,000 seats, across Belgium, France, Luxembourg, the Netherlands, Spain, Switzerland, Poland, Canada and the United States. Supported by more than 5,000 employees, the Group delivers unforgettable entertainment experiences to millions of visitors each year.

More information is available at www.kinepolis.com/corporate.

SOURCE Showcase Cinemas

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Beijing Art and Technology Week draws 1.05 million visits to 798 Art District

BEIJING, Oct. 9, 2026 /PRNewswire/ -- At 798 Art District, dancers moved alongside humanoid robots, visitors pieced together the story of an artificial human, and digital worlds unfolded across public squares. For three weeks, the 798 Art District became a testing ground for what happens when emerging technologies enter the realm of art and everyday life.

The second Beijing Art and Technology Week concluded Wednesday, drawing 1.05 million visits to the district over 21 days, according to 798. More than 100 events took place under the theme "Playable Technology," spanning performances, exhibitions, public discussions and industry collaborations.

During the opening week, dancers from TAO Dance Theater performed alongside X-Humanoid robots in "Playable Technology: Infinite Walk." Rather than demonstrating what machines could do alone, the performance explored how human bodies and robotic systems might respond to one another.

That question carried into 798's public spaces. In Baoyang Chen's "Yanshi's Artificial Human: An Unfinished Dance," visitors helped reconstruct a fictional mechanical being through interactive installations, confronting questions of machine autonomy and human control. Maxim Zhestkov's generative digital artwork Playscapes invited audiences to navigate a constantly changing virtual environment.

Beyond the performances, the festival explored how artistic experimentation might translate into practical applications. A Sept. 24 industry conference brought together artists, researchers and technology companies, while a new co-creation initiative sought to turn the district's physical spaces into sites for developing and testing emerging technologies.

The festival also extended beyond China. Ahead of its opening, 798 collaborated with Austria's Ars Electronica Festival on "Airy," a performance combining robotics, dance and digital imagery. A new residency partnership with BOUNDED SPACE aims to bring international creators into future cross-disciplinary projects.

Visitor traffic rose 20% on opening day compared with a year earlier, while nearly 400,000 visits were recorded during the National Day holiday, up about 18%, according to 798.

First held in 2025, the festival reflects a broader shift at 798: from a former industrial site known for contemporary art to a place where artistic ideas, technological experiments and public life increasingly intersect.

SOURCE 798 Art District

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STAK Announces Results of Class A Meeting and Extraordinary General Meeting

CHANGZHOU, China, Oct. 9, 2026 /PRNewswire/ -- STAK Inc. (the "Company") (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced the results of a meeting of holders of its class A ordinary shares of par value of USD0.001 each (the "Class A Ordinary Shares") (the "Class A Meeting") held at its executive office at Building 11, 8th Floor, No. 6 Beitanghe East Road, Tianning District, Changzhou, Jiangsu, People's Republic of China 213000, at 10:00 a.m. on October 9, 2026, Beijing/Hong Kong Time, and an extraordinary general meeting of shareholders of the Company (the "EGM") held immediately thereafter at the same location.

Class A Meeting

The resolution submitted to the holders of the Class A Ordinary Shares (the "Class A Shareholders") for approval at the Class A Meeting has been approved. Specifically, the Class A Shareholders passed the following resolution:

1. RESOLVED, as a special resolution of the holders of Class A Ordinary Shares, to increase the voting rights attached to each class B ordinary share of par value of USD0.001 of the Company from thirty (30) votes to one hundred (100) votes on all matters subject to vote at general meetings of the Company (the "Change of Voting Rights").

EGM

The resolutions submitted to the shareholders for approval at the EGM have been approved. Specifically, the shareholders of the Company passed the following resolutions:

1. RESOLVED, as a special resolution, subject to approval of the Change of Voting Rights by the holders of Class A Ordinary Shares at the Class A Meeting, to increase the voting rights attached to each class B ordinary share of par value of USD0.001 of the Company from thirty (30) votes to one hundred (100) votes on all matters subject to vote at general meetings of the Company (the "Change of Voting Rights").

2. RESOLVED, as a special resolution, subject to all requirements prescribed by sections 14, 14A and 14B of the Companies Act (Revised) of the Cayman Islands (the "Companies Act") relating to share capital reductions being complied with, of the following (together, the "Share Capital Reduction and Reorganization"):

i. Share Capital Reduction

a) the par value of each issued class A ordinary share of par value of USD0.001 and each issued class B ordinary share of par value of USD0.001 in the share capital of the Company be reduced to USD0.0000001 by cancelling USD0.0009999 of the paid-up capital on each issued class A ordinary share of par value of USD0.001 and each issued class B ordinary share of par value of USD0.001 (the "Share Capital Reduction");

b) following the Share Capital Reduction, the amount deemed to be paid up on each issued share of the Company shall be USD0.0000001; and

c) the credit arising from the Share Capital Reduction be transferred to a distributable reserve account of the Company which may be utilised by the Company as the board of directors of the Company (the "Board") may deem fit and as permitted under the Companies Act, the second amended and restated memorandum and articles of association of the Company currently in effect (the "Existing M&A") and all relevant applicable laws, including, without limitation, eliminating or setting off any accumulated losses of the Company (if any) from time to time;

ii. Share Capital Subdivision

d) immediately following the Share Capital Reduction:

(1) each authorised but unissued class A ordinary share of par value of USD0.001 be subdivided into 10,000 class A ordinary shares of par value of USD0.0000001 each; and

(2) each authorised but unissued class B ordinary share of par value of USD0.001 be subdivided into 10,000 class B ordinary shares of par value of USD0.0000001 each,

(the "Sub-division");

iii. Share Capital Cancellation

e) immediately following the Sub-division, the authorised share capital of the Company be altered by the cancellation of such number of excess authorised but unissued class A ordinary shares of par value of USD0.0000001 each and authorised but unissued class B ordinary shares of par value of USD0.0000001 each as will result in the Company having authorised share capital of USD10 divided into (i) 75,000,000 class A ordinary shares of par value of USD0.0000001 each and (ii) 25,000,000 class B ordinary shares of par value of USD0.0000001 each (the "Cancellation"); and

iv. Authorised Share Capital Confirmation

f) consequent upon the Share Capital Reduction, Sub-division and Cancellation, the authorised share capital of the Company shall be changed:

FROM: USD100,000 divided into (i) 75,000,000 class A ordinary shares of par value of USD0.001 each and (ii) 25,000,000 class B ordinary shares of par value of USD0.001 each,

TO: USD10 divided into (i) 75,000,000 class A ordinary shares of par value of USD0.0000001 each and (ii) 25,000,000 class B ordinary shares of par value of USD0.0000001 each.

3. RESOLVED, as an ordinary resolution that, immediately following the Share Capital Reduction and Reorganization becoming effective, the authorised share capital of the Company be increased:

FROM: USD10 divided into (i) 75,000,000 class A ordinary shares of par value of USD0.0000001 each and (ii) 25,000,000 class B ordinary shares of par value of USD0.0000001 each;

TO: USD100,000 divided into (i) 750,000,000,000 class A ordinary shares of par value of USD0.0000001 each and (ii) 250,000,000,000 class B ordinary shares of par value of USD0.0000001 each,

by the creation of (i) 749,925,000,000 class A ordinary shares of par value of USD0.0000001 each, and (ii) 249,975,000,000 class B ordinary shares of par value of USD0.0000001 each (the "Share Capital Increase").

4. RESOLVED, as a special resolution:

a) to amend and restate the Existing M&A by their deletion in their entirety and the substitution in their place with the third amended and restated memorandum and articles of association of the Company (the "Third Amended M&A"), which incorporate amendments including but not limited to the Change of Voting Rights, the Share Capital Reduction and Reorganization and the Share Capital Increase, and effective upon the Change of Voting Rights, the Share Capital Reduction and Reorganization and the Share Capital Increase; and

b) to authorise the Company's registered office provider to make any necessary filing with the Registrar of Companies in the Cayman Islands in connection with the adoption of the Third Amended M&A and authorise the Board to take all further actions and execute all further documents as may be necessary or advisable to carry out the intent of these resolutions.

About STAK Inc.

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company's website at https://www.stakindustry.com/ir/.

Forward-looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "expect," "anticipate," "aim," "estimate," "potential," "intend," "plan," "believe," "likely to" or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

For more information, please contact:

STAK Inc.

Investor Relations Department

Email: [email protected]

Ascent Investor Relations LLC

Tina Xiao

Phone: +1-646-932-7242

Email: [email protected]

SOURCE STAK Inc.

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WASHINGTON, Oct. 9, 2026 /PRNewswire/ -- General David H. Petraeus (U.S. Army Ret.), one of the most prominent military leaders of the post 9/11 era, will join the American Primary Aluminum Association for a fireside chat on Oct. 16, 2026, at the National Press Club in Washington, D.C. According to the Modern War Institute at West Point, aluminum is a "foundational material for aircraft, armored vehicles, naval systems, and munitions components."

After decades of Chinese and Russian market-manipulation, America has lost its ability to produce military-grade aluminum, leaving the U.S. dependent on foreign countries in the Middle East, Russia and China for this foundational metal used by our warfighters. General Petraeus will discuss these emerging national security threats and current geopolitical issues, while economist Adam Hersh will unveil a new economic impact study.

To gain access to the historic event, members of the media must RSVP by Oct. 15 to [email protected]

SOURCE American Primary Aluminum Association

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New gated community in Riverside County, with planned on-site amenities and close to parks and outdoor recreation, is now open for tours.

LOS ANGELES, Oct. 9, 2026 /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Camellia Glen, a new townhome community in Wildomar, California.

Camellia Glen at a Glance:

- Price: From the $460,000s

- Location: Wildomar, California, just south of Clinton Keith Road at the corner of Washington Avenue and Post Road

- Home type: Two-story townhomes

- Bedrooms/baths: 3 bedrooms and 2.5 baths

- School district: Lake Elsinore Unified School District

- Amenities: Planned recreation area with a pool, spa, barbecue and picnic area, children's playground, dog park and sports courts

Camellia Glen is in a central location that provides convenient access to Interstate 15, Interstate 215 and Highway 79, which connect residents to Ontario International Airport and major employment centers in the Inland Empire and Orange and San Diego Counties. The community is a short drive to shopping, dining and entertainment in Old Town Murrieta and Temecula. Outdoor enthusiasts will also appreciate the proximity to hiking and biking at Santa Rosa Plateau Ecological Reserve and boating, fishing and swimming at Lake Elsinore.

The homes at Camellia Glen are designed for contemporary living, with modern kitchens overlooking spacious great rooms, bedroom suites with walk-in closets, and ample storage space. Homebuyers can personalize their new home at the KB Home Design Studio, where they can select from a wide range of interior design choices that fit their style and budget.

Additionally, the homes at Camellia Glen are built to the Insurance Institute for Business & Home Safety's (IBHS®) highest wildfire resilience standards, incorporating fire-resistant materials and construction methods designed to protect against direct flame contact, radiant heat and wind-driven embers. Features include Class A fire-rated roofs, noncombustible gutters, upgraded windows and doors, ember- and flame-resistant vents, and a 5-foot noncombustible buffer around structures. At the neighborhood level, wildfire risk is further reduced by separating most structures by more than 10 feet and decreasing potential fuels through fire-resistant materials such as all-metal fencing systems.

"With Camellia Glen, we're bringing beautiful new townhomes to a picturesque Riverside County location. The new gated community includes a variety of planned on-site amenities and is close to parks and outdoor recreation," said Erick Montano, President of KB Home's Inland Empire division. "At KB Home, we focus on creating value through competitive, transparent pricing and giving buyers the ability to personalize their home based on what matters most to them. We put them in control, so they're not paying for features they don't value or compromising on ones they do."

KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are designed to be ENERGY STAR® certified, a standard that fewer than 12% of new homes nationwide meet, offering greater comfort, well-being and utility cost savings compared to new homes without certification.

The Camellia Glen sales office and model homes are now open for walk-in visits and private in-person tours by appointment. Live video tours are also available. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.

About KB Home

KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.

For Further Information:

Craig LeMessurier, KB Home

925-580-1583

[email protected] 

SOURCE KB Home

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Fleet data reflects growing adoption of autonomous material movement across customer sites, with more than 11,600 missions completed year to date.

MOUNTAIN VIEW, Calif., Oct. 9, 2026 /PRNewswire/ -- Cyngn (NASDAQ: CYN) today reported continued progress in the deployment and operation of its autonomous vehicle technology across industrial facilities, as manufacturers and logistics operators increasingly explore opportunities to automate repetitive material movement.

Through the first nine months of 2026, Cyngn's autonomous fleet completed more than 11,600 missions and traveled over 3,000 kilometers across customer operations. The company's fleet activity expanded across a growing number of industrial locations during the year, reflecting the broader application of autonomous driving technology to material handling workflows.

Fleet activity reached a new monthly high in September, building on operational growth reported earlier in the year. The results underscore a broader shift in industrial automation: moving beyond the initial introduction of autonomous vehicles toward their ongoing use in everyday facility operations.

"Industrial autonomy is not just about putting vehicles into factories. It's about making automation practical enough to become part of how those factories operate," said Lior Tal, CEO of Cyngn. "Our focus has been on reducing the complexity of adoption and giving customers a straightforward path to automate material movement. As more facilities begin operating DriveMod vehicles, we're building the experience and infrastructure to support increasingly diverse customer applications."

Cyngn's DriveMod technology enables industrial vehicles to autonomously navigate established routes, transporting materials between workstations, production areas, and other facility locations. Its Autonomous DriveMod Tugger is designed to automate recurring transportation tasks without requiring extensive changes to existing infrastructure.

The company's growing operational footprint reflects its focus on a repeatable deployment model that can be applied across different industrial environments. Rather than requiring customers to undertake large-scale automation initiatives, Cyngn's approach enables facilities to begin with a defined material movement workflow and identify opportunities for additional automation over time.

This strategy is supported by Cyngn's EasyLaunch™ deployment program, which lowers the upfront commitment required to introduce autonomous material handling. Combined with Cyngn Insight, the company's fleet management software, DriveMod is designed to provide customers with a practical foundation for managing and expanding autonomous operations.

As Cyngn advances its commercial deployments, fleet activity provides an additional measure of progress beyond customer announcements and vehicle deliveries. Continued use across customer facilities helps demonstrate how autonomous technology is being applied to the recurring transportation needs of industrial operations.

About Cyngn

Cyngn builds and deploys Autonomous DriveMod Tuggers for industrial organizations. The Company addresses significant challenges facing industrial operations today, including labor shortages and costly safety incidents.

The Autonomous DriveMod Tugger automates the repetitive material handling routes that keep manufacturing and warehouse floors running, without high upfront costs or infrastructure installation, and targets a typical payback period of less than two years.

Investor Contact:

Natalie Russell

CFO

[email protected]

Media Contact:

Luke Renner

Head of Marketing

[email protected]

Where to Find Cyngn:

- Website: https://cyngn.com

- X: https://x.com/cyngn

- LinkedIn: https://www.linkedin.com/company/cyngn

- YouTube: https://www.youtube.com/@cyngnhq

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company's reports to the Securities and Exchange Commission (SEC), including, without limitation the risk factors discussed in the Company's annual report on Form 10-K filed with the SEC on March 26, 2026. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE Cyngn

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