SLB Selected as Strategic Reservoir Partner for the Havstjerne Carbon Storage Project

 Integrated engineering work will support development of the large-scale carbon storage project ahead of a final investment decision

(BUSINESS WIRE) -- Global energy technology company SLB (NYSE: SLB) today announced it has been selected as strategic reservoir partner for the Havstjerne carbon storage project in the Norwegian North Sea, providing technology and engineering services for the concept and front-end engineering and design (FEED) phases. The Havstjerne project is a large-scale offshore carbon storage development in Norway intended to serve industrial emitters across Europe, operated by Harbour Energy (LSE: HBR) in consortium with Stella Maris CCS, a Yinson Production company.

SLB will coordinate an integrated project scope that connects analysis of the underground storage reservoir with injection well design, subsea infrastructure and plans for monitoring stored CO2 as the Havstjerne partnership develops the project’s technical, cost and schedule basis ahead of a final investment decision. The scope includes concept and FEED studies delivered through close collaboration between SLB and its OneSubsea™ joint venture.

"Carbon storage projects are moving from individual technical studies toward integrated development models that connect the subsurface, wells and offshore infrastructure,” said Gavin Rennick, president of SLB’s New Energy and Industrial business. "Havstjerne demonstrates how SLB can bring together its technology, engineering and project integration capabilities to help customers develop the technical basis needed to advance large-scale carbon storage projects.”

SLB will provide the early engineering study, subsurface and reservoir maturation and wells, while SLB OneSubsea will deliver the concept and FEED of the subsea injection system, comprising the template manifold, all-electric trees, control system, umbilical and distribution system. This integrated approach is intended to improve technical coordination across the storage system and reduce the number of technical and contractual interfaces.

An appraisal well drilled in 2025 confirmed reservoir quality suitable for CO2 injection and storage, providing an important technical basis for the project’s continued development. The Havstjerne project also received 225 million euros from the EU Innovation Fund in 2025 and has selected a low-pressure floating storage and injection concept focused on system reliability, low cost and commercial flexibility.

"Havstjerne is being matured to provide a cost-effective, large-scale offshore CO2 storage for European industrial emitters,” said Mark van Aerssen, Havstjerne project manager. "This integrated approach will help us further define the project’s technical, cost and schedule basis while strengthening coordination across critical interfaces.”

"The Havstjerne project demonstrates how collaboration across the value chain can help advance carbon storage solutions,” said Lars Gunnar Vogt, chief technical officer of Yinson Production. "We believe large-scale, cost-competitive CO2 storage infrastructure will play an important role in serving industrial emitters, and we look forward to continuing our collaboration with Harbour Energy and SLB.”

Key points:

SLB was selected as strategic reservoir partner for the concept and front-end engineering and design (FEED) phases of the Havstjerne carbon storage project in the Norwegian North Sea.

Havstjerne is intended to provide large-scale offshore CO2 storage for European industrial emitters and received 225 million euros from the EU Innovation Fund in 2025.

SLB will coordinate an integrated scope that includes concept and FEED studies, subsurface and reservoir maturation, wells and the subsea injection system, delivered through close collaboration between SLB and its OneSubsea™ joint venture.

The integrated work will help the Havstjerne partnership develop the project’s technical, cost and schedule basis ahead of a final investment decision. Havstjerne has selected a low-pressure floating storage and injection concept focused on system reliability, low cost and commercial flexibility.

About SLB

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

Cautionary Statement Regarding Forward-Looking Statements:

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

 

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Contacts

Media

Josh Byerly – SVP of Global Communications

Moira Duff – Director of External Communications

SLB

Tel: +1 (713) 375-3407

media@slb.com

Investors

James R. McDonald – SVP of Investor Relations & Industry Affairs

Joy V. Domingo – Director of Investor Relations

SLB

Tel: +1 (713) 375-3535

investor-relations@slb.com

Ansaldo Energia Selects Kinaxis to Power the Future of Global Energy Infrastructure

 OTTAWA, Ontario - 

One of Italy's most historic industrial companies invests in AI-powered Maestro™ platform as demand for power generation technology accelerates worldwide

(BUSINESS WIRE) -- Kinaxis® Inc. (TSX:KXS), a global leader in AI-powered supply chain planning and orchestration, today announced that Ansaldo Energia, a global leader of power generation technology, has selected the Kinaxis Maestro™ platform to help orchestrate its complex supply chain in supporting one of the fastest-growing infrastructure markets in the world.

For more than 170 years, Ansaldo Energia has stood at the heart of Italy's industrial heritage, helping shape the nation's energy future while becoming a global leader in power generation technology. Today, as demand for reliable energy infrastructure accelerates, driven by AI, hyperscale data centers, electrification and energy security, Ansaldo Energia is navigating increasingly complex, high-value manufacturing programs, extended production cycles and a rapidly evolving supply chain.

The selection of Kinaxis follows an extensive transformation to establish a new operating model aligned with Ansaldo Energia's long-term growth strategy. After evaluating multiple leading supply chain planning platforms, the company selected Maestro for its ability to provide end-to-end visibility, synchronize operations across its global supply chain and establish the foundation for AI-powered operational orchestration.

"The global demand for power generation is accelerating rapidly, creating new opportunities while increasing the complexity of our operations," said Lorenzo M. A. Ferrari, Supply Chain & Planning Director at Ansaldo Energia. "We needed a planning platform that could give us complete visibility across our operations. After evaluating the leading solutions on the market, Kinaxis distinguished itself through its ability to connect planning across the business in real time, giving us the agility to stay ahead of disruption, keep critical projects on schedule and consistently deliver on the commitments our customers count on."

Manufacturing large-scale power generation equipment requires precision at every stage of the supply chain. With long production cycles, globally sourced, high-value components, and complex manufacturing programs, companies must carefully manage some of the industry's most expensive inventory. Even a small delay in sourcing or production can have significant operational and financial consequences, putting customer commitments, project timelines and millions of dollars in revenue at risk.

"The companies building tomorrow's energy infrastructure can't afford disconnected planning," said Mark Morgan, President, Global Commercial Operations at Kinaxis. "As supply chains become more complex and demand continues to accelerate, organizations need the ability to understand the impact of change instantly, make confident decisions and orchestrate action across their operations. That's exactly what Kinaxis delivers and we're incredibly proud to help Ansaldo Energia create a more connected, agile and resilient supply chain for the future."

Led by Kinaxis partner PwC, the implementation will help Ansaldo Energia improve execution, strengthen management of long lead-time materials and build a more agile, resilient supply chain as it joins a growing number of global industrial manufacturers using Maestro.

To learn more about Kinaxis and its industry-leading supply chain planning and orchestration platform visit www.kinaxis.com.

About Kinaxis

Kinaxis is a leader in modern supply chain planning and orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain — from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption. For more news and information, please visit kinaxis.com or follow us on LinkedIn.

Source: Kinaxis Inc.

 

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Contacts

Media Relations

Erin Boyle | Kinaxis

eboyle@kinaxis.com

+1 519-574-4065

Investor Relations

Victoria Hyde-Dunn | Kinaxis

vhyde-dunn@kinaxis.com

 

Born in Riyadh. Sold Out in Paris. stc and EWC a Winning Partnership.

 

• stc group was the Founding and Elite Partner of the Esports World Cup for the third consecutive year.
• EWC 2026, the largest edition of the tournament to date, brought together more than 2,000 players and 200 clubs from over 100 countries, competing across 25 tournaments and 24 game titles.

stc group, a leading digital enabler, concluded its third consecutive year as a Founding and Elite Partner of the Esports World Cup (EWC), supporting the tournament as it staged its first edition outside Saudi Arabia in Paris. The largest EWC to date brought together more than 2,000 professional players and 200 clubs from over 100 countries, competing across 25 tournaments and 24 game titles for a prize pool exceeding $75 million.

The move to Paris marked a new chapter for a tournament launched in Riyadh in 2024, reflecting growing international reach and the increasing profile of esports. stc’s continued partnership through that expansion reflects a broader commitment to the gaming ecosystem, supporting professional competition, amateur players, broadcast access, and the digital infrastructure behind esports events.

Throughout EWC 2026, stc maintained a prominent presence across the competition. The stc Arena hosted VALORANT, League of Legends, Counter-Strike 2, Rocket League, EA FC 26, Overwatch 2 and Call of Duty: Black Ops 7, alongside the stc Player’s Lounge and stc Contenders.

The partnership also created opportunities beyond the professional circuit. Through the Warriors Cup, more than 10,000 amateur players competed in over 200 tournaments across 16 games, giving emerging talent a pathway to participate in organized competition.

stc also extended the tournament to audiences beyond the venues through a dedicated EWC channel on stc tv. Launched on July 5, the channel delivered 10 to 12 hours of daily coverage, including live matches, highlights and analysis, and recorded more than three million plays by August 23.

Strong demand followed EWC to its conclusion in Paris. Championship Sunday was moved to Accor Arena, one of the city’s largest indoor venues, providing additional capacity for fans and a high-profile finale to the tournament’s first edition outside Saudi Arabia.

The partnership has grown alongside EWC since its inaugural edition in Riyadh. In 2024, the tournament attracted more than 500 million viewers globally, while stc supported connectivity for more than 10,000 players with 99.9% network availability. A year later, EWC welcomed more than 2,000 professional players and three million on-site visitors, as stc increased its network coverage by over 20%.

stc’s contribution to gaming has also been recognized by the Communications, Space and Technology Commission, which has named the group a Platinum Gaming Operator for ten consecutive cycles.

Three years on, the partnership has evolved alongside EWC as it has grown from its Riyadh debut to an international stage. stc continues to support growth across connectivity, broadcasting and competition, helping expand how players and audiences participate in one of the world’s fastest-growing forms of entertainment.

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Mohammad Khan

STC-ME@fgsglobal.com

NIQ and The OpenAI Deployment Company Collaborate to Bring Consumer Intelligence into Enterprise Workflows

 CHICAGO - Tuesday, 25. August 2026 AETOSWire  

Collaboration advances NIQ’s existing AI-native product strategy, enabling clients to activate NIQ intelligence through purpose-built AI applications and their own AI environments

(BUSINESS WIRE) -- NielsenIQ (NYSE: NIQ), a leading consumer intelligence company, today announced a collaboration with The OpenAI Deployment Company (“DeployCo”) to further extend its AI suite of products in the NIQ Optiq Suite, including NIQ Optiq Chat, Optiq Mobile, and Optiq Bridge. The collaboration builds on the AI-native growth and product momentum NIQ reported in its Q2 results and will help NIQ extend and deliver its proprietary intelligence directly into the enterprise systems and workflows clients use every day.

AI is rearchitecting decision-making across commerce, reshaping how companies analyze markets, make decisions and execute work. But model capabilities alone are not enough. Business outcomes depend on the quality of the data, harmonization, semantic context and domain intelligence behind those systems. Through its work with DeployCo, NIQ is advancing how AI-ready intelligence can be accessed, applied and embedded across enterprise workflows.

“We expect this work to help us build faster and more efficiently, but that isn’t the main prize,” said Troy Treangen, Chief Product & AI Officer, NIQ. “The bigger opportunity is helping clients get more value from NIQ intelligence and creating new ways for them to use it. When NIQ intelligence can move into more applications, systems and workflows, we expand both the value we deliver to clients and the near-term revenue opportunities for NIQ.”

NIQ Optiq Chat is the company’s next-generation AI insights agent and workflow experience, helping users ask business questions, uncover relevant insights and act on recommendations grounded in NIQ’s data, analytical capabilities and deep understanding of consumer behavior. An expanded version is scheduled for release in early September.

Also scheduled to launch in early September, NIQ Optiq Bridge provides a governed and flexible way for organizations to bring NIQ data, models and generative AI capabilities into their own platforms, applications and AI environments. Together, the products advance two connected elements of NIQ’s AI strategy: Optiq delivers AI Applications for Smarter Outcomes directly to users, while Bridge makes NIQ’s intelligence available within clients’ existing technology environments.

This work also builds on NIQ’s recently announced ConnectAI Charter Program. Optiq Bridge provides a governed product layer for clients to access NIQ intelligence within their own AI environments; ConnectAI combines that technology access with dedicated NIQ forward-deployed engineering and data science support to build and scale AI-enabled decision workflows inside clients’ businesses.

“Fragmented AI creates fragmented decisions,” said Irina Stoian, Chief AI Commercial Officer, NIQ. “We’re building the opposite: one trusted intelligence foundation that can work across applications, agents and enterprise environments. AI-ready data is the foundation. NIQ Optiq is how it thinks. ConnectAI is how we build with clients to turn that intelligence into action.”

“We’re excited to work with NIQ as it expands its portfolio of AI products grounded in deep consumer and commerce expertise,” said Adena Hefets, interim CEO, The OpenAI Deployment Company. “By bringing together DeployCo’s capabilities and NIQ’s domain intelligence, we can help create practical enterprise experiences that make it easier for teams to apply AI in real business workflows.”

The collaboration supports NIQ’s broader purpose of fueling the future of trusted AI by combining proprietary data, semantic intelligence, analytical models and flexible delivery capabilities. NIQ’s AI-ready data foundation includes a 160-petabyte data engine spanning approximately 260 million product items and 10.5 billion product attributes. The work builds on NIQ’s investments in AI-ready infrastructure and its work to help brands and retailers turn increasingly complex data into faster, more confident business decisions.

To learn more about NIQ Optiq Suite, including the recent release of Optiq Mobile now available in the US on the Apple App Store, visit Agentic Commerce at NIQ.

FAQs

What did NIQ and DeployCo announce?

NIQ and DeployCo announced a collaboration to extend and deepen NIQ’s AI product capabilities. The collaboration is focused on helping NIQ deliver its consumer intelligence through AI-powered applications and within the enterprise technology environments its clients already use.

What is NIQ Optiq?

NIQ Optiq is NIQ’s next generation AI insights agent and workflow experience. Available through the Discover Platform and, in the U.S., on mobile through the Apple App Store, it is designed to help users move more quickly from a business question to relevant insights, recommendations and action using NIQ data and analytical capabilities.

What is NIQ Optiq Bridge?

NIQ Optiq Bridge is a governed delivery capability that enables organizations to use NIQ data and generative AI capabilities within their own platforms, applications and AI workflows. It is designed to make NIQ intelligence accessible without requiring clients to move their work into a separate environment.

How will NIQ clients benefit?

The collaboration is intended to help clients access NIQ intelligence more quickly, interact with complex information more naturally and use NIQ capabilities within the tools and workflows where they already make business decisions.

Does the cooperation make NIQ data publicly available through ChatGPT?

No. NIQ’s proprietary data remains governed and available only through authorized NIQ products, client agreements, permissions and applicable security controls. This collaboration does not make NIQ data available to the public through ChatGPT or change NIQ’s existing access requirements.

How does the collaboration fit within NIQ’s broader AI strategy?

The collaboration advances two connected elements of NIQ’s AI strategy. NIQ Optiq supports AI Applications for Smarter Outcomes by delivering purpose-built intelligence directly to users. NIQ Optiq Bridge supports IP that Fuels AI by enabling clients to use NIQ data, models and analytical capabilities within their own environments. ConnectAI complements those capabilities by pairing technology access with dedicated forward-deployed engineering and data science support to help clients build and scale AI-enabled workflows.

Together, the products support NIQ’s goal of delivering intelligence at the point of decision and meeting clients wherever their AI workflows live.

When will the new NIQ Optiq and NIQ Optiq Bridge capabilities be available?

Expanded versions of NIQ Optiq Chat and NIQ Optiq Bridge are scheduled for release in early September. NIQ will announce specific capabilities, availability and market rollout details as development progresses.

About NIQ

NielsenIQ (NYSE: NIQ) is a leading consumer intelligence company, delivering the most complete and trusted understanding of consumer buying behavior and revealing new pathways to growth. By combining an unmatched global data footprint and granular consumer and retail measurement with decades of AI modeling expertise, NIQ builds decision systems that help companies turn complex data into confident action.

With operations in more than 90 countries, NIQ covers approximately 82% of the world’s population and more than $7.4 trillion in global consumer spend. Through cloud-based platforms, advanced analytics and AI-driven insights, NIQ delivers The Full View™—helping brands and retailers understand what consumers buy, why they buy it, and what to do next.

For more information, please visit www.niq.com.

© 2026 Nielsen Consumer LLC. All Rights Reserved.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated capabilities and benefits of ConnectAI Charter Program Clients, the expected benefits of AI-enabled enterprise workflows, and the future adoption of AI-native operating models. Forward-looking statements can be identified by words such as "anticipate," "expect," "intend," "plan," "believe," "designed to," "explore," "future," "accelerate," "will," "should," "may," and similar references to future events or performance. These statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that are difficult to predict and many of which are outside our control, including changes in consumer preferences, economic conditions, technological developments, competitive dynamics, and our ability to develop, deliver and monetize new products and solutions. Actual results may differ materially from those expressed or implied. Additional information on these and other risks is contained in the "Risk Factors" section of our most recent Annual Report on Form 10-K and our subsequent filings with the U.S. Securities and Exchange Commission, available at www.sec.gov. Forward-looking statements speak only as of the date of this release, and we undertake no obligation to update them except as required by law.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

#NIQ-General

 

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Media Contact

Media.relations@nielseniq.com

Fasset Hits $1B Valuation as SBI Group Leads $68M Series C to Scale AI-Powered Stablecoin Neobanking

 Round led by SBI Group follows $51 million Series B raise in May 2026, marking ascent as one of the fastest-growing neobanking platforms.

Capital will expand Own Network and deepen AI across stablecoin settlement, tokenization, and corridor banking.

Fasset now processes more than $40 billion in annualized transaction volume, serving 3 million+ wallets and more than 1,000 enterprises across 125 countries.

 

 

(BUSINESS WIRE)--Fasset, the AI-powered stablecoin neobanking platform, today announced it has raised $68 million in Series C funding at a $1 billion valuation. The financing was led by SBI Group and follows Fasset’s $51 million Series B earlier this year, which brought Speedinvest onto the cap table alongside a group of strategic investors.

The new capital will support the expansion of Own Network, Fasset’s regulated financial network that connects banks, telcos, payment and liquidity providers to enable settlement across international markets. Fasset will also increase investment in agentic AI-enabled systems supporting corridor banking, stablecoin settlement and tokenized asset infrastructure.

After raising Series B in May, Fasset has now raised a total of $119 million in 2026. The financing marks Fasset’s entry into the global fintech unicorn category.

"Fasset's vision of a world in which money moves across borders as easily as information does point in the same direction as the on-chain economic zone that the SBI Group seeks to realize through digital finance. Fasset has already built a strong business foundation and a robust regulatory framework in a number of emerging markets with significant long-term growth potential. It was therefore in the conviction that Fasset can serve as an important financial bridge connecting Japan with high-growth markets around the world that we decided to lead this round. Within the SBI Group's "SBI APAC Digital Economic Zone" concept as well, an international remittance and settlement infrastructure built on stablecoins is a core component. Together with Fasset, we will advance the development of the next generation of on-chain financial systems, extending from the Asia-Pacific region to the Middle East and Africa." said Yoshitaka Kitao, Representative Director, Chairman, President & CEO, SBI Holdings, Inc.

The investment expands Fasset’s relationship with SBI Group, one of Japan’s leading comprehensive financial groups, spanning banking, securities, asset management, and private equity, with investments in companies including Ripple, Circle, and Morpho, and in group companies including B2C2.

“The next phase is about any-to-any banking. Any person to any person. Any asset to any asset. Any rail to any rail, anywhere. We built Fasset to address a simple problem: access to financial opportunity still depends too heavily on where someone lives and the financial system available to them,” said Mohammad Raafi Hossain, Co-Founder and CEO of Fasset. “The banking system is broken. It’s not enough to build another financial front on current rails. We are investing deeper into the stack, from licenses in emerging markets to enabling agentic payments, to rebuild the way we do banking from the ground up.”

“Having SBI Group lead this round speeds up our ability to serve the world by having access to the wider SBI financial ecosystem and their partners, including our previously announced partnership with SBI Remit, enabling us to leverage an extensive network that supports bank account remittances to approximately 200 countries.”

“Fasset is building the regulated infrastructure that helps people and businesses in growth markets access stablecoins, global assets and cross-border rails. That access is still too often shaped by geography. Raafi, Daniel and the team are changing that, and we are proud to have continued backing Fasset as it scales globally,” said Stefan Klestil, General Partner at Speedinvest.

Building a Financial System Around Ownership

Fasset provides financial access that allows customers to receive, hold, move, spend and invest across currencies, markets and asset classes.

Underpinning those products is Own Network, Fasset’s financial infrastructure connecting local banking systems, payment providers, financial institutions, telcos, liquidity providers, custody partners and settlement networks across more than 100 banking corridors.

Stablecoins are used within parts of the network as settlement infrastructure, allowing value to move between markets more efficiently where appropriate. Customers interact with Fasset through financial products and accounts rather than needing to manage the underlying settlement infrastructure themselves.

The company uses AI to improve how transactions are routed across payment rails, currencies, liquidity providers, and settlement methods, based on factors including cost, speed, and availability.

Fasset is built around a simple conviction: where someone is born should not determine the quality of money they can hold, the markets they can access or the assets they can own. The company is not building another interface on top of the existing financial system. It is building the infrastructure intended to replace it.

Scaling Global Infrastructure: $40B Annualized Volume

Fasset now processes more than $40 billion in annualized transaction volume, serving more than 3 million wallets across 125 countries and over 1,000 enterprises globally.

Its consumer, business and institutional products are supported by a regulatory footprint across the GCC, Asia, Europe and other international markets.

The Series C will support Fasset’s continued development as a global, AI-powered stablecoin neobanking platform, combining regulated local infrastructure, modern settlement technology and access to global assets through a single financial account.

About Fasset

Fasset is an AI-powered stablecoin neobanking platform building a global financial system around ownership. Its financial account enables individuals, businesses and institutions to receive, hold, move, spend and invest across currencies, markets and asset classes from one place.

Founded in 2019 by Mohammad Raafi Hossain and Daniel Ahmed, Fasset has raised more than $150 million in funding and serves customers across more than 125 countries and operates through regulated entities and partnerships across the GCC, Asia, Europe and other international markets.

Fasset is powered by Own Network, its regulated financial infrastructure connecting banking, payments, liquidity, custody and settlement across markets. The company is building toward a financial system where access to stable money, global markets and ownership is no longer determined by geography.

 

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fasset@wachsman.com

ORZEYFUL (oveporexton) Approved in Japan as the First and Only Medicine to Treat the Underlying Cause of Narcolepsy Type 1

 OSAKA, Japan & CAMBRIDGE, Mass. - Monday, 24. August 2026 AETOSWire Print 

Discovered by Takeda in Japan, ORZEYFUL has the Potential to Redefine Care Beyond Individual Symptom Management for Adults Living with Narcolepsy Type 1 (NT1)

Landmark Phase 3 Studies Demonstrated Significant and Meaningful Improvements Across the Full Range of NT1 Symptoms Evaluated in Clinical Trials Compared to Placebo

Milestone Marks Third Major Regulatory Approval Secured for ORZEYFUL Around the World

 

 

(BUSINESS WIRE) -- Takeda (TOKYO:4502/NYSE:TAK) announced that the Japanese Ministry of Health, Labour and Welfare (MHLW) approved the use of ORZEYFUL (oveporexton) for the treatment of narcolepsy type 1 (NT1, narcolepsy with cataplexy) in adults. ORZEYFUL is a first-in-class oral orexin receptor 2 (OX2R) agonist and the only medicine indicated in Japan to treat the disease holistically rather than individual symptoms. The discovery of this new class of medicine originated in Takeda's laboratories in Japan. Takeda is proceeding with launch preparations and expects to make ORZEYFUL available as quickly as possible.

“Our discovery of the first orexin agonist is a successful representation of Japan-originated science that will directly impact people around the world living with narcolepsy type 1,” said Julie Kim, president and chief executive officer of Takeda. “With the potential to redefine narcolepsy type 1 care, ORZEYFUL is the first validation of our broader orexin strategy, demonstrating how scientific innovation can create new possibilities for patients and drive future growth for Takeda”

NT1 is a chronic, rare neurological disease driven by orexin deficiency. People experience a range of daytime and nighttime symptoms including excessive daytime sleepiness, cataplexy (sudden loss of muscle tone), disrupted nighttime sleep, sleep paralysis, hallucinations and cognitive symptoms. The persistent, 24-nature of the disease can severely impact many aspects of a person’s life, including work, education and social interactions. Despite the substantial disease impact, limited awareness and the complexity of symptoms can contribute to misdiagnoses and an average diagnostic delay of more than 10 years.

“NT1 is a condition that can have a significant impact on patients’ lives around the clock. Historically, treatment has primarily focused on managing individual symptoms. In recent years, advances in our understanding of the underlying pathophysiology of narcolepsy have led to the development of new therapeutic approaches,” said Yuichi Inoue, professor, Department of Somnology, Tokyo Medical University. “I look forward to seeing a broader range of treatment options become available, helping physicians tailor treatment to the needs of each individual patient.”

The approval is based on a comprehensive clinical program including the global Phase 3 FirstLight (TAK-861-3001) and RadiantLight (TAK-861-3002) studies that showed oveporexton offers statistically significant improvements across the full range of NT1 symptoms assessed. These included improvements in excessive daytime sleepiness, cataplexy and other secondary measures evaluated in the studies. Oveporexton was generally well-tolerated with a safety profile consistent across clinical studies to date. The most common adverse events were trouble sleeping (insomnia), urinary urgency, urinary frequency and excessive saliva. Learn more about the Phase 3 data results here.

“We credit our scientists in Japan who worked tirelessly to successfully discover a way to target the underlying orexin deficiency associated with narcolepsy type 1, a scientific feat that had never been achieved before,” said Asuka Miyabashira, president, Japan Pharma Business Unit at Takeda. “It’s exciting for a biopharmaceutical company to discover, develop and commercialize an asset internally, and we are proud to have worked with our colleagues, healthcare providers and patient community to bring this new class of treatment to adults living with narcolepsy type 1 in Japan.”

The MHLW approval marks the third approval of ORZEYFUL around the world. ORZEYFUL is also approved for the treatment of NT1 in China as well as the United States (U.S.) where the controlled substance classification for ORZEYFUL is currently under review by the U.S. Drug Enforcement Administration (DEA).

About ORZEYFUL (Oveporexton)

ORZEYFUL (oveporexton) is an oral orexin receptor 2 (OX2R) agonist, which selectively stimulates the OX2R to restore signaling and address the underlying orexin deficiency associated with narcolepsy type 1 (NT1). By activating OX2Rs, ORZEYFUL promotes wakefulness and reduces abnormal rapid eye movement (REM)-sleep like phenomena, including cataplexy (sudden and temporary loss of muscle tone), to address a range of daytime and nighttime symptoms as evaluated in clinical studies and consistent with the approved label.

About Takeda’s Orexin Franchise

Takeda is the leader in orexin science with a tailored portfolio of investigational orexin agonists in pre-clinical and clinical stages for multiple-sleep wake disorders and other indications where orexin plays a role including respiration, mood and metabolism. Oveporexton is the lead orexin receptor 2 (OX2R) agonist in Takeda’s orexin franchise and has been approved by regulatory bodies in China for the treatment of narcolepsy type 1 (NT1) in adolescents aged 16 and older and adults as well as in the United States and Japan for adults with NT1. The company is also investigating other oral orexin agonists, including TAK-360 for the treatment of NT1, narcolepsy type 2 (NT2) and idiopathic hypersomnia (IH), as well as TAK-495.

About Takeda

Takeda is focused on creating better health for people and a brighter future for the world. We aim to discover and deliver life-transforming treatments in our core therapeutic and business areas, including gastrointestinal and inflammation, rare diseases, plasma-derived therapies, oncology, neuroscience and vaccines. Together with our partners, we aim to improve the patient experience and advance a new frontier of treatment options through our dynamic and diverse pipeline. As a leading values-based, R&D-driven biopharmaceutical company headquartered in Japan, we are guided by our commitment to patients, our people and the planet. Our employees in approximately 80 countries and regions are driven by our purpose and are grounded in the values that have defined us for more than two centuries. For more information, visit www.takeda.com.

ORZEYFUL (oveporexton) Product Overview in Japan

Product Name:

Orzeyful Tablet 0.5mg, 1mg, 2mg

Generic Name:

Oveporexton

Indications and Effects:

Narcolepsy Type 1

Dosage and administration:

The usual adult dosage of Oveporexton is 1mg administered orally two times daily. The first dose should be taken upon awakening and the second dose 3 to 5 hours later. The dose may be increased to 2 mg oral administration two times daily only when it is well tolerated and sufficient efficacy is not observed.

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For the purposes of this notice, “press release” means this document, any oral presentation, any question-and-answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

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Contacts

Investor Relations

Christopher O’Reilly

takeda.ir.contact@takeda.com

Media Relations

Tsuyoshi Tada (Tokyo)

Toiawase_kouhou@takeda.co.jp

Rachel Wallace (Boston)

Media_relations@takeda.com

PCI Energy Solutions to Join Mitsubishi Electric, Reinforcing Long-Term Commitment to Customers, Employees, and the Energy Industry

 NORMAN, Okla. 

Mitsubishi Electric to retain PCI’s core management team and support continuity of operations, customer service, and product innovation

 

(BUSINESS WIRE)--PCI Energy Solutions ("PCI"), a leading U.S.-based provider of enterprise software for energy management and optimization, announced today that it has entered into a definitive agreement to be acquired by Mitsubishi Electric Corporation. The agreement was executed on August 20, 2026 (Japan Standard Time).

The Transaction represents a strong endorsement of PCI's business, technology, employees, customer relationships and position in the energy industry. Mitsubishi Electric intends to retain PCI's core management team following completion of the Transaction, enabling PCI to preserve leadership continuity, industry expertise and its customer-focused operating model while benefiting from Mitsubishi Electric's global scale, complementary capabilities and long-term investment capacity.

The agreement has been signed, but the Transaction has not yet closed. PCI and Mitsubishi Electric will continue to operate as separate companies until closing, which is subject to applicable regulatory approvals and the satisfaction or waiver of other customary closing conditions. The announcement does not create any immediate change to PCI's day-to-day operations, customer support channels, account relationships, active projects, product access, or existing service commitments.

"This transaction is a powerful validation of the company our employees have built and the trust our customers and partners placed in us for more than 30 years. Our customers rely on PCI for mission-critical operations, and continuity is at the center of how we will move forward. Mitsubishi Electric intends to retain our core management team and provide a long-term platform for PCI to continue growing and excelling. We will remain focused on delivering our commitments, advancing our product roadmap and supporting customers for the long term. With Mitsubishi Electric's scale and complementary capabilities, we see an opportunity to invest more deeply, innovate faster and extend the value we provide across a rapidly changing energy industry."

- Dr. Fred N. Lee,

Founder & CEO

PCI develops and provides enterprise software supporting power trading, generation operations, transmission and distribution workflows, supply-demand planning, risk management, settlement and energy-asset optimization. Its platforms help utilities, generators and other energy-market participants manage increasingly complex operational and commercial requirements.

Mitsubishi Electric identified Smart Energy as a key focus area in its New Medium-term Corporate Strategy announced on May 29, 2026. Through the proposed combination, Mitsubishi Electric expects to bring together PCI's forecasting, scheduling, market management, and optimization capabilities with Mitsubishi Electric's control technologies, system operations expertise, digital platforms, and global commercial reach.

"PCI has built an exceptional business with trusted technology, deep market expertise, strong customer relationships, and an experienced management team. We intend to retain PCI's core management team following closing and support the continuity that employees, customers, and partners value. Our objective is to build on PCI's strengths while creating additional capacity for long-term innovation and global growth, as we further strengthen our smart energy area in response to customer needs shifting from equipment-level energy savings toward the optimization of total energy use through integrated demand-side management and market-based power trading."

-Soichi Hamamoto,

Executive Officer (Associate)

Group President, Energy & Industrial Systems

Continuity for customers and partners

PCI will continue to focus on providing best-in-class software solutions to our customers and partners, supported by reliable service, strong customer support, and successful product delivery and implementations. Customers and partners should continue working with their existing PCI contacts. PCI remains committed to delivering the same high level of service, expertise, and support our customers and partners expect from us.

Mitsubishi Electric and PCI believe that preserving PCI's management continuity and domain expertise will support stable decision-making and consistent customer engagement during the transition. Over time, and following closing and appropriate planning, the combined capabilities may enable broader energy-management, optimization, digital and control solutions, as well as expanded access to global markets.

Continuity and opportunity for employees

PCI's employees will continue to be led by the current management team during the pre-closing period. Mitsubishi Electric's intention to retain PCI's core management team following closing reflects the importance of PCI's people, culture, market knowledge and operating capabilities to the strategic rationale for the Transaction. The signing of the agreement does not, by itself, change employee roles, reporting relationships, compensation or benefits.

PCI's leadership will communicate regularly with employees as the Transaction progresses and as plans are developed. The companies will continue to operate separately until closing, and integration planning and information sharing will be conducted through appropriate legal and governance processes.

Transaction timing

The Transaction is expected to close in 2026, subject to the receipt of applicable regulatory approvals and the satisfaction or waiver of customary closing conditions. Upon completion, PCI will become a wholly owned subsidiary of Mitsubishi Electric.

About PCI Energy Solutions

We empower energy companies to continuously optimize all aspects of energy production, trading, transportation, and consumption. We’re a tight-knit team of 350 diligent product experts, engineers, business analysts, and more, implementing software solutions in close partnership with energy companies from across the world — our customers literally keep the lights on. We’re based in Norman (Oklahoma) with offices in Mexico City (Mexico) and Lima (Peru). Learn more at pcienergysolutions.com.

About Mitsubishi Electric

Guided by its corporate philosophy, Mitsubishi Electric Corporation (TOKYO: 6503) places sustainability at the core of its operations and values stakeholder trust — encompassing society, customers, shareholders and employees. In pursuing profitability, capital efficiency and growth, Mitsubishi Electric works closely alongside customers to develop value-added solutions that address today’s complex challenges while enhancing the company’s sustainable corporate value.

Founded in 1921, Mitsubishi Electric has over a century of experience in delivering reliable, high-quality products and solutions. With over 200 group companies and approximately 150,000 employees worldwide, the company is a recognized global leader in manufacturing, marketing and selling electrical and electronic equipment and systems across a broad range of sectors, including public utility systems, energy systems, defense and space systems, factory automation systems, automotive equipment, building systems, air conditioning systems & home products, digital innovations, and semiconductor & devices. Mitsubishi Electric recorded consolidated revenue of 5,894.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year that ended on March 31, 2026. For more information, please visit www.MitsubishiElectric.com.

*JPY 160=USD 1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2026

Forward-looking statements

This press release contains forward-looking statements regarding the proposed Transaction, including statements concerning the anticipated timing and completion of the Transaction; the intended retention of PCI's core management team; expected business continuity; potential strategic, commercial and product benefits; and future investment, innovation and growth opportunities. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results or events to differ materially. These risks include the possibility that required regulatory approvals may not be obtained or may be delayed, that other closing conditions may not be satisfied, that the Transaction may not be completed on the anticipated terms or timeline, and that expected benefits may not be realized. Neither PCI nor Mitsubishi Electric undertakes any obligation to update forward-looking statements except as required by applicable law.

 

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Contacts

 

Shailesh Mishra | Chief Commercial Officer | shailesh@pcienergysolutions.com | 405-447-6933

Javier Martin | Chief Operating Officer | jmartin@pcienergysolutions.com | 405-447-6933