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Press Release Database
Recent press releases, indexed by topic.
Automotive · Media
Illuminated, multi-colored displays, interactive exhibits and enriching content that bring the future of mobility to life is what visitors can expect when they walk inside one of Toyota’s four U.S. Manufacturing Experience Centers. Guests will find themselves instantly immersed in […]
The post Five Things to Know About Toyota’s U.S. Manufacturing Experience Centers appeared first on Toyota USA Newsroom.
Oct 15 · 13:58·Toyota
Finance · Automotive
The U.S. Army has selected Northrop Grumman (NYSE: NOC) to further expand the capabilities of the Integrated Battle Command System (IBCS) with a new variant designed to increase the system's survivability and mobility. Northrop Grumman is under contract to provide two manufacturing prototypes to the Army by June 2027. - - Under this $21 million effort, Northrop Grumman will deliver prototypes for a modified IBCS Integrated Collaborative Environment providing an enlarged, configurable work...
Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=362885
Oct 15 · 13:30·WebWire
Finance · Crypto
LAKE MARY, Fla., October 15, 2026 - OpenWorld, Inc. (“OpenWorld” or the “Company”) (NASDAQ: OPNW), an innovation company advancing global real-world asset (“RWA”) tokenization, today announced that it has entered into a non-binding term sheet with Meridian to establish a tokenized financing program of up to $1 billion to fund the purchase and deployment of a distributed AI computing network powered by on-site solar energy and residential battery storage. Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the program, and its OpenWorld Enterprise platform will finance and operate the orchestration of the network. The news follows recent OpenWorld tokenized financing announcements, including a proposed transaction to transform BeyondAI’s industrial AI intellectual property rights into financeable collateral on OpenWorld’s tokenization platform.
Key Highlights
Meridian founded by Josh Raffaelli: Raffaelli was involved early in Tesla, Solar City, and SpaceX while at DFJ and Silver Lake.
Up to $1 billion in tokenized financing: OpenWorld structures and administers the tokenized financing program on OpenWorld Enterprise. Residential battery storage, solar panels and AI computing equipment form the asset base of the structure.
Meridian’s role: Meridian holds purchase rights to Powerwall residential battery storage systems for the program and will own the storage assets within the structure.
AI inference without new data centers: AI providers pay to run trained models on the network with no new centralized data-center sites, no additional grid interconnections and no water-based cooling. The program is intended to supply capacity to one or more leading AI inference providers.
Initial deployment of 10,000 homes: Compute nodes at participating homes, with larger installations at local schools, hospitals and local commercial campuses.
Hosts get paid: Homeowners receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts receive a share of site revenue and backup power.
Timeline: Initial installations scheduled to begin in the fourth quarter of 2026; first commercial site targeted for the first quarter of 2027.
“Access to power is a major constraint on the growth of AI infrastructure,” said Matt Shaw, CEO and Chairman of OpenWorld. “By bringing computing equipment to homes and commercial properties through solar generation and battery storage, we can build AI capacity closer to the power source instead of waiting years for a grid connection. Our term sheet with Meridian brings together the tokenization, financing and operating capabilities needed to develop this network at scale, and it shows what OpenWorld Enterprise is built to do: turn real-world assets into financeable, on-chain infrastructure.”
“Residential battery storage is the foundation of this program,” said Josh Raffaelli, founder of Meridian and clean energy investor. “OpenWorld will help us finance the equipment, turning solar generation and battery storage at participating properties into infrastructure that can serve growing demand for AI computing.”
Solving the Power Problem in AI Infrastructure
Access to power is a growing constraint on AI infrastructure. New data centers face lengthy grid interconnection timelines, local opposition and significant water demands. The planned network of home-hosted, distributed AI inference computing would place compute nodes at participating homes and larger installations at local schools, hospitals and commercial campuses, each powered by on-site solar generation and battery storage. AI providers would pay to use this computing capacity for inference, the process of running trained AI models, without requiring new centralized data-center sites, additional grid connections or water-based cooling.
Participating homeowners would receive monthly hosting payments and lower-cost electricity, with household energy needs taking priority over computing workloads. Commercial hosts would receive a share of site revenue and backup power.
How the Program Works
Meridian, a privately held Delaware limited liability company, holds purchase rights to residential Tesla Powerwall battery storage systems for the program. The program’s initial deployment is planned for 10,000 homes.
Under the term sheet, OpenWorld will serve as advisor, structuring agent and services provider for the financing program. OpenWorld will establish and administer the tokenized financing structure on its OpenWorld Enterprise platform. The financing would support Meridian’s purchase of residential battery storage systems, as well as the purchase by OpenWorld or a subsidiary of solar panels and associated AI computing equipment, all of which will be used within the structure.
OpenWorld is also developing an integrated system to support each installation. The OpenWorld Enterprise platform will monitor equipment performance and provide investors with reporting on the underlying assets. The program is intended to supply computing capacity to one or more leading AI inference providers. Test installations are scheduled to begin in the fourth quarter of 2026, with the first commercial site targeted for the first quarter of 2027.
Non-Binding Agreement
The Term Sheet is non-binding, except for the provisions expressly stated to be binding, and the proposed transaction remains subject to the completion of confirmatory due diligence, negotiation and execution of definitive documentation, satisfaction of applicable conditions and completion of the contemplated transaction. There can be no assurance that the proposed transaction will be consummated on the terms described or at all.
An earlier draft of this press release was inadvertently issued to a limited number of wire services the morning of October 14, 2026 (“Draft Release”). Investors are cautioned to disregard the Draft Release and not to place any reliance on the Draft Release.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “expected,” “would,” “will,” “anticipate,” “intend,” “plan” and similar expressions are intended to identify forward-looking statements. These include statements about the proposed engagement, the size, timing and structure of the financing program, the Distributed Inference Program and anticipated offtake arrangements. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Those risks include failure to execute definitive agreements, market conditions, regulatory developments affecting tokenized securities, tax law changes and the risks described in OpenWorld’s Annual Report and Quarterly Reports filed with the SEC, including under the heading titled “Risk Factors.” OpenWorld undertakes no obligation to update these statements except as required by law.
No Offer or Solicitation
This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About OpenWorld
OpenWorld, Inc. (NASDAQ: OPNW) is a technology-powered digital assets and blockchain innovation company that co-architects and takes principal positions in enterprise blockchain initiatives alongside sovereign governments, institutional partners and major enterprises. Since its founding in 2023, OpenWorld has advised on projects representing over $66 billion in aggregate network value and supported more than 20 companies backed by leading global venture firms, including a16z, Multicoin Capital, Dragonfly and Founders Fund. OpenWorld’s capabilities span real-world asset tokenization, stablecoin infrastructure, capital markets advisory, governance structuring and public markets strategy, with active engagements across the United States, Gulf, Europe, Southeast Asia and Africa. To learn more, visit openworld.dev and follow OpenWorld on X at @_openworld.
About Meridian
Meridian is a privately held Delaware limited liability company that develops and finances residential battery storage for distributed energy and computing programs.
Contacts
Investors
ir@openworld.dev
Media
Gasthalter & Co.
Phone: (212) 257-4170
Email: openworld@gasthalter.com
Oct 15 · 13:00·ACN Newswire
Industrial
New research branch provides manufacturing and quality professionals with actionable intelligence on the trends and technologies shaping the industry
New research branch provides manufacturing and quality professionals with actionable intelligence on the trends and technologies shaping the industry
Oct 15 · 12:03·GlobeNewswire
Finance · Healthcare
New Taipei City, Taiwan, Oct. 15, 2026 -- Jyong Biotech Ltd. (Nasdaq: MENS) (the "Company" or "Jyong Biotech"), a science-driven biotechnology company dedicated to the development and commercialization of innovative plant-derived therapeutics, today announced that it plans to establish a potential new manufacturing facility and U.S. operations center in Texas. The initiative is intended to support the Company’s U.S. operations and position it for the potential future commercialization of its proprietary investigational drug candidates, if approved.
Oct 15 · 12:00·GlobeNewswire
Finance · Industrial
Momentus expands commercial business portfolio, Vigoride-9 mission to host ARCSPACE payload Payload to demonstrate ARCSPACE's tailored in-space servicing, assembly, and manufacturing (ISAM) operations through its autonomous welding technology SAN JOSE, Calif., October 15, 2026--Momentus Inc. (NASDAQ:
Oct 15 · 12:00·Business Wire
Finance · Energy
Advancing Mission to Transform Energy Storage Manufacturing Industry by Supplying Commercial-Scale Dry-Printing Equipment for Accelerated, Sustainable and Cost-Effective Battery and Supercapacitor Production SAN JOSE, Calif. & HOUSTON, October 15, 2026--Sakuu Corporation ("Sakuu"), a Silicon Valley-ba
Oct 15 · 12:00·Business Wire
Industrial · Aerospace & defense
ANAHEIM, Calif., Oct. 15, 2026 -- Crest Coating, Inc., a Southern California specialist in industrial powder coating and functional liquid coatings, today announced that it has earned AS9100D certification from Amtivo. The certification covers the application of powder, Teflon, Xylan®, Halar®, and BCS bakeware coatings.
Oct 15 · 10:59·Send2Press
Industrial · Logistics
Moving materials efficiently has become a critical business priority as warehouses, factories, and distribution networks handle increasingly complex operations. Companies are under pressure to process [read full press release...]
Oct 15 · 10:42·Express Press Release
Energy · Automotive
Boost ROI through long term supplier agreements, recycling, diversified sourcing and localized processing, while targeting EVs, automation, renewables and high frequency electronics.
Boost ROI through long term supplier agreements, recycling, diversified sourcing and localized processing, while targeting EVs, automation, renewables and high frequency electronics.
Oct 15 · 10:04·GlobeNewswire
Industrial
New spatial experience allows machinists and manufacturers to view, inspect, and configure CNC machinery in their own workspaces before purchase TORONTO, ON and JAFFREY, N.H., Oct. 15, 2026/PRNewswire/ -- miniMonster Automation, a Canadian manufacturer of compact CNC machining centers,...
Oct 15 · 10:02·PR Newswire
Healthcare · Industrial
Target high-margin biomedical and aerospace applications, leverage clear FDA pathways, and invest in specialty alloys, additive manufacturing and supply resilience.
Target high-margin biomedical and aerospace applications, leverage clear FDA pathways, and invest in specialty alloys, additive manufacturing and supply resilience.
Oct 15 · 10:02·GlobeNewswire