Category: Press Releases

The conference highlights how industry leaders are propelling the industry forward by delivering innovative solutions to minimize risk and exposure and deliver better customer experiences

BOSTON, May 20, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today kicks off Formation ’25, its flagship customer conference, at the Signia by Hilton Bonnet Creek in Orlando, Florida.

Formation ’25 will focus on how insurers lead, adapt, and innovate together to face unprecedented circumstances in the insurance industry. Formation ’25 is a dynamic event featuring enriching content, extensive industry networking opportunities, and unforgettable moments.

“Formation provides a unique platform for insurance professionals to come together, share insights, and explore the transformative power of AI,” said Mike Jackowski, Chief Executive Officer of Duck Creek Technologies. “We are thrilled to host this conference and look forward to the impactful conversations and innovative ideas that will emerge with our customers and partners.”

Kicking off the event, Jackowski takes the main stage to discuss the insurance industry’s toughest challenges and solutions shaping its future. Jackowski will challenge the insurance industry to stretch their imagination on how to leverage new technology, such as Agentic AI, to boost the industry to the leading-edge of innovation. The opening keynote will be followed by different customers and Duck Creek leaders to provide a deep dive into topics such as how adopting a modern platform with evergreen Software-as-a-Service (SaaS) and how Active Delivery will transform their business by driving growth and profitability and improving risk and exposure.

In addition to main stage general sessions, Formation ’25 will host 50 general and hyper-focused breakout sessions covering every aspect of the P&C insurance industry attendees have top of mind. Sessions will cover AI and machine learning in Insurtech, distribution management, loss control, payments, reinsurance, successful migration strategies, and so much more.

The conference agenda is packed with engaging sessions for in-depth learning and networking opportunities, including exclusive forums for customers to discuss product experiences and share best practices in User Group sessions. The Launchpad will showcase Duck Creek’s latest innovations and partner solutions in an interactive space. Networking events, such as the Women in Insurance Networking (W.I.N.) event, will provide opportunities to connect with peers and industry leaders about Evolving Conversations.

Formation ’25 highlights real-world customer success stories, with case studies and panel discussions featuring organizations that have leveraged Duck Creek’s solutions to drive digital transformation and operational efficiency.

The event also showcases Duck Creek’s robust partner ecosystem, with over 50 partners participating as sponsors. Platinum sponsors include Aggne, a wipro company, Coforge, Cognizant, InvoiceCloud and LTIMindtree. For a full list of Formation ’25 sponsors, click here. For more information on Formation ’25, including the full agenda and speaker lineup, visit https://events.duckcreek.com/formation25.

About Duck Creek Technologies

Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

Media Contacts:
Marianne Dempsey/Tara Stred
[email protected]

GlobeNewswire Distribution ID 9454636

Arla Foods Ingredients

The expanded collaboration will see Brenntag distributing Arla Foods Ingredients’ extensive portfolio of protein ingredients in Vietnam, Thailand and Indonesia. It will cover a wide range of categories, including health foods, infant nutrition and sports nutrition, as well as solutions for functionality in dairy and bakery.

Brenntag Group is the global market leader in chemicals and ingredients distribution. The new deals follow 2023’s extensive distribution agreement between Arla Foods Ingredients and Zhongbai Xingye Food Technology (Beijing) Co., Ltd, a Brenntag group company, to serve the Chinese market.

Southeast Asia offers significant market potential. Research suggests that increasing prosperity in the region is driving demand for food and beverage products containing high-quality protein, which is currently not being fully met.¹

Alexander Leufgen, Head of Asia-Pacific at Arla Foods Ingredients, said: “Demand for high-quality whey and dairy ingredients is growing across Southeast Asia, especially in key segments like active nutrition and food functionality. Our goal is to improve and extend our offering to manufacturers across the region. By building on our existing arrangement with Brenntag we’ll be able to better tailor our products and services to meet their needs.”

Kenneth Keh, Regional President, Nutrition Asia Pacific, Brenntag Specialties, said: “Our partnership with Arla Foods Ingredients in China has been immensely successful, and we are excited to expand it into Southeast Asia. With our combined strength we are confident that we can meet the demand for high-quality, innovative nutritional products in the growing markets of Indonesia, Thailand, and Vietnam.”

For more information contact:

Arla Foods Ingredients
Helence Zhang | Email: [email protected]

Brenntag
Kaye Lim, APAC Communications
Tel: +65 98514750 | Email: [email protected]

¹ US Dairy Export Council ‘USDEC sparks innovation opportunities in SE Asia with U.S. dairy proteins’, January 18th, 2024

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e09384c2-7e0b-4d46-8d87-2aa79056d170

GlobeNewswire Distribution ID  9454054

Arla Foods Ingredients

The expanded collaboration will see Brenntag distributing Arla Foods Ingredients’ extensive portfolio of protein ingredients in Vietnam, Thailand and Indonesia. It will cover a wide range of categories, including health foods, infant nutrition and sports nutrition, as well as solutions for functionality in dairy and bakery.

Brenntag Group is the global market leader in chemicals and ingredients distribution. The new deals follow 2023’s extensive distribution agreement between Arla Foods Ingredients and Zhongbai Xingye Food Technology (Beijing) Co., Ltd, a Brenntag group company, to serve the Chinese market.

Southeast Asia offers significant market potential. Research suggests that increasing prosperity in the region is driving demand for food and beverage products containing high-quality protein, which is currently not being fully met.¹

Alexander Leufgen, Head of Asia-Pacific at Arla Foods Ingredients, said: “Demand for high-quality whey and dairy ingredients is growing across Southeast Asia, especially in key segments like active nutrition and food functionality. Our goal is to improve and extend our offering to manufacturers across the region. By building on our existing arrangement with Brenntag we’ll be able to better tailor our products and services to meet their needs.”

Kenneth Keh, Regional President, Nutrition Asia Pacific, Brenntag Specialties, said: “Our partnership with Arla Foods Ingredients in China has been immensely successful, and we are excited to expand it into Southeast Asia. With our combined strength we are confident that we can meet the demand for high-quality, innovative nutritional products in the growing markets of Indonesia, Thailand, and Vietnam.”

For more information contact:

Arla Foods Ingredients
Helence Zhang | Email: [email protected]

Brenntag
Kaye Lim, APAC Communications
Tel: +65 98514750 | Email: [email protected]

¹ US Dairy Export Council ‘USDEC sparks innovation opportunities in SE Asia with U.S. dairy proteins’, January 18th, 2024

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e09384c2-7e0b-4d46-8d87-2aa79056d170

GlobeNewswire Distribution ID  9454054

Collaboration with Intel Foundry opens access to a proven SLT and Burn-In test ecosystem and test engineering, accelerating time-to-market for fabless customers

SINGAPORE, May 20, 2025 (GLOBE NEWSWIRE) — AEM Holdings Ltd. (SGX: AWX, Reuters: AEM.SI, Bloomberg: AEM:SP) today announced it is working with Intel Foundry to expand access to their established System-Level Test (SLT) and Burn-In capabilities, tailored for advanced computing devices, to Intel Foundry’s customer base. Built on decades of collaboration, AEM and Intel Foundry have developed one of the most extensive and mature SLT and Burn-In ecosystems.

As chips grow in complexity, particularly in high-performance computing (HPC) and artificial intelligence (AI) applications, the need for Burn-In and SLT test solutions has become more critical than ever, to ensure test coverage while reducing the total cost of test. Conducted after the advanced package assembly process, Burn-in and SLT tests ensure chips meet reliability and performance standards in real-world environments — a crucial step to reduce field failures and improve product quality. The partnership between AEM and Intel Foundry offers a proven solution and strategic roadmap, delivering precise thermal control and validation capabilities for next-generation devices, with specifications including power exceeding 2,000 watts and support for package sizes surpassing 200mm x 200mm.

Through this collaboration, AEM brings device-specific configurable test units, advanced handlers and consumables, PiXL Active Thermal Control (ATC), along with software and application support for customer native boards — delivering a fully integrated approach to SLT and Burn-In enablement. This complements Intel Foundry’s comprehensive suite of services, including factory automation, adaptive test data management, turnkey Burn-In Board (BIB) solutions, test program development, customer board integration, and full product debug and execution support.

Key customer benefits include:

• Faster Time-to-Market: Built on a scalable, production-proven platform used across high-volume fabs.   Supported by AEM and Intel Foundry global engineers on hardware integration, test consumable designs, software development, and test application engineers.
• Lower Capital Expenditure: Minimal new infrastructure required, leveraging an established install base of thousands of systems worldwide.
• U.S.-based Engineering and Production Ecosystem: Local teams from both companies enable rapid deployment and support standards-based qualification, including High Temperature Operating Life (HTOL).

“With chiplet-based architectures redefining integration and performance expectations, our open SLT and Burn-In ecosystem—developed with AEM—provides semiconductor manufacturers with a fast, scalable path to high-quality production. This collaboration enhances test coverage, accelerates time-to-market, and ensures the reliability required for AI and HPC applications,” said Mark Gardner, Vice President, Intel Foundry Services, Package and Test Business Group.

“As performance demands rise and chiplet integration becomes the new norm, manufacturers need more than just tools—they need a proven ecosystem. Together with Intel Foundry, we’re enabling customers to reduce capital costs, accelerate qualification, and benefit from deep engineering collaboration that drives product success,” said Amy Leong, CEO of AEM Holdings Ltd.

About AEM Holdings Ltd.
AEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam, and Finland (Lieto), South Korea, and the United States (Tempe) and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support.

AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (SGX: AWX, Reuters: AEM.SI, Bloomberg: AEM:SP). AEM’s head office is in Singapore.

Safe Harbour Statement
This document contains forward-looking statements, including but not limited to, statements regarding AEM Holdings Ltd.’s collaboration with Intel Foundry, the capabilities and benefits of the System-Level Test (SLT) and Burn-In ecosystem, and expected outcomes for customers. These forward-looking statements are based on current expectations, projections, and assumptions about future events and are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in such statements. Factors that could cause actual outcomes to differ materially include, but are not limited to, changes in market conditions, technological advancements, competitive pressures, and regulatory changes. AEM Holdings Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Media Contacts

AEM Holdings Ltd.
Name:	Lisa Schwartz, Director of Marketing
Email	[email protected]
Office Phone	1.480.566.6605

GlobeNewswire Distribution ID 9451892

Collaboration with Intel Foundry opens access to a proven SLT and Burn-In test ecosystem and test engineering, accelerating time-to-market for fabless customers

SINGAPORE, May 20, 2025 (GLOBE NEWSWIRE) — AEM Holdings Ltd. (SGX: AWX, Reuters: AEM.SI, Bloomberg: AEM:SP) today announced it is working with Intel Foundry to expand access to their established System-Level Test (SLT) and Burn-In capabilities, tailored for advanced computing devices, to Intel Foundry’s customer base. Built on decades of collaboration, AEM and Intel Foundry have developed one of the most extensive and mature SLT and Burn-In ecosystems.

As chips grow in complexity, particularly in high-performance computing (HPC) and artificial intelligence (AI) applications, the need for Burn-In and SLT test solutions has become more critical than ever, to ensure test coverage while reducing the total cost of test. Conducted after the advanced package assembly process, Burn-in and SLT tests ensure chips meet reliability and performance standards in real-world environments — a crucial step to reduce field failures and improve product quality. The partnership between AEM and Intel Foundry offers a proven solution and strategic roadmap, delivering precise thermal control and validation capabilities for next-generation devices, with specifications including power exceeding 2,000 watts and support for package sizes surpassing 200mm x 200mm.

Through this collaboration, AEM brings device-specific configurable test units, advanced handlers and consumables, PiXL Active Thermal Control (ATC), along with software and application support for customer native boards — delivering a fully integrated approach to SLT and Burn-In enablement. This complements Intel Foundry’s comprehensive suite of services, including factory automation, adaptive test data management, turnkey Burn-In Board (BIB) solutions, test program development, customer board integration, and full product debug and execution support.

Key customer benefits include:

• Faster Time-to-Market: Built on a scalable, production-proven platform used across high-volume fabs.   Supported by AEM and Intel Foundry global engineers on hardware integration, test consumable designs, software development, and test application engineers.
• Lower Capital Expenditure: Minimal new infrastructure required, leveraging an established install base of thousands of systems worldwide.
• U.S.-based Engineering and Production Ecosystem: Local teams from both companies enable rapid deployment and support standards-based qualification, including High Temperature Operating Life (HTOL).

“With chiplet-based architectures redefining integration and performance expectations, our open SLT and Burn-In ecosystem—developed with AEM—provides semiconductor manufacturers with a fast, scalable path to high-quality production. This collaboration enhances test coverage, accelerates time-to-market, and ensures the reliability required for AI and HPC applications,” said Mark Gardner, Vice President, Intel Foundry Services, Package and Test Business Group.

“As performance demands rise and chiplet integration becomes the new norm, manufacturers need more than just tools—they need a proven ecosystem. Together with Intel Foundry, we’re enabling customers to reduce capital costs, accelerate qualification, and benefit from deep engineering collaboration that drives product success,” said Amy Leong, CEO of AEM Holdings Ltd.

About AEM Holdings Ltd.
AEM is a global leader in test innovation. We provide the most comprehensive semiconductor and electronics test solutions based on the best-in-class technologies, processes, and customer support. AEM has a global presence across Asia, Europe, and the United States. With manufacturing plants located in Singapore, Malaysia (Penang), Indonesia (Batam), Vietnam, and Finland (Lieto), South Korea, and the United States (Tempe) and a global network of engineering support, sales offices, associates, and distributors, we offer our customers a robust and resilient ecosystem of test innovation and support.

AEM Holdings Ltd. is listed on the main board of the Singapore Exchange (SGX: AWX, Reuters: AEM.SI, Bloomberg: AEM:SP). AEM’s head office is in Singapore.

Safe Harbour Statement
This document contains forward-looking statements, including but not limited to, statements regarding AEM Holdings Ltd.’s collaboration with Intel Foundry, the capabilities and benefits of the System-Level Test (SLT) and Burn-In ecosystem, and expected outcomes for customers. These forward-looking statements are based on current expectations, projections, and assumptions about future events and are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in such statements. Factors that could cause actual outcomes to differ materially include, but are not limited to, changes in market conditions, technological advancements, competitive pressures, and regulatory changes. AEM Holdings Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Media Contacts

AEM Holdings Ltd.
Name:	Lisa Schwartz, Director of Marketing
Email	[email protected]
Office Phone	1.480.566.6605

GlobeNewswire Distribution ID 9451892

Experienced Marketing and Technology Executive Tyler Jones to Join Duck Creek Technologies

BOSTON, May 19, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the appointment of Tyler Jones as Chief Marketing Officer (CMO). As CMO, Jones will be responsible for overseeing Duck Creek’s strategic marketing and branding efforts, driving the company’s global expansion and leadership as a provider of P&C insurance software and services.

“Tyler is a seasoned marketer and leader who understands how to deliver value to our customers and partner ecosystem,” said Mike Jackowski, Chief Executive Officer of Duck Creek Technologies. “He has a wealth of experience building and scaling world-class marketing organizations for cloud-based software companies. I am thrilled to welcome him to the Duck Creek team and look forward to working with him to accelerate our growth and expand our market leadership.”

With over two decades of experience at the intersection of technology, insurance, and customer experience, Tyler joins Duck Creek from CLARA Analytics, where he led growth initiatives and commercial partnership programs that drive the adoption of AI-powered solutions.

“I am honored and excited to join Duck Creek at this pivotal time in the insurance industry,” said Tyler Jones. “Duck Creek is a visionary company that is transforming the way insurers operate and serve their customers. I am impressed by the company’s culture, products, and customer-centric approach. I look forward to collaborating with the talented Duck Creek team and partners to amplify our brand, engage our audiences, and drive business outcomes.”

Tyler held pivotal roles at Kaiser Permanente and AIG, where he spearheaded large-scale digital transformations. At Kaiser Permanente, he led a $250 million multiyear overhaul of the revenue cycle and consumer medical billing systems. As Global Head of Data Strategy at AIG, he focused on leveraging data to inform strategic decisions and enhance customer experiences.

At CLARA Analytics, Tyler continued to drive customer-centric strategies, ensuring that clients achieved optimal value from the company’s AI platform. His leadership was instrumental in CLARA’s mission to deliver compelling ROI to customers within months of implementation.

Jones holds an undergraduate degree in marketing from the University of Utah and a Master of Business Administration from the UCLA Anderson School of Management.

About Duck Creek Technologies
Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

Media Contacts:
Marianne Dempsey/Tara Stred
[email protected] 

GlobeNewswire Distribution ID 9453497

Experienced Marketing and Technology Executive Tyler Jones to Join Duck Creek Technologies

BOSTON, May 19, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the appointment of Tyler Jones as Chief Marketing Officer (CMO). As CMO, Jones will be responsible for overseeing Duck Creek’s strategic marketing and branding efforts, driving the company’s global expansion and leadership as a provider of P&C insurance software and services.

“Tyler is a seasoned marketer and leader who understands how to deliver value to our customers and partner ecosystem,” said Mike Jackowski, Chief Executive Officer of Duck Creek Technologies. “He has a wealth of experience building and scaling world-class marketing organizations for cloud-based software companies. I am thrilled to welcome him to the Duck Creek team and look forward to working with him to accelerate our growth and expand our market leadership.”

With over two decades of experience at the intersection of technology, insurance, and customer experience, Tyler joins Duck Creek from CLARA Analytics, where he led growth initiatives and commercial partnership programs that drive the adoption of AI-powered solutions.

“I am honored and excited to join Duck Creek at this pivotal time in the insurance industry,” said Tyler Jones. “Duck Creek is a visionary company that is transforming the way insurers operate and serve their customers. I am impressed by the company’s culture, products, and customer-centric approach. I look forward to collaborating with the talented Duck Creek team and partners to amplify our brand, engage our audiences, and drive business outcomes.”

Tyler held pivotal roles at Kaiser Permanente and AIG, where he spearheaded large-scale digital transformations. At Kaiser Permanente, he led a $250 million multiyear overhaul of the revenue cycle and consumer medical billing systems. As Global Head of Data Strategy at AIG, he focused on leveraging data to inform strategic decisions and enhance customer experiences.

At CLARA Analytics, Tyler continued to drive customer-centric strategies, ensuring that clients achieved optimal value from the company’s AI platform. His leadership was instrumental in CLARA’s mission to deliver compelling ROI to customers within months of implementation.

Jones holds an undergraduate degree in marketing from the University of Utah and a Master of Business Administration from the UCLA Anderson School of Management.

About Duck Creek Technologies
Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

Media Contacts:
Marianne Dempsey/Tara Stred
[email protected] 

GlobeNewswire Distribution ID 9453497

Kléver’s move brings Ecuador’s top-performing team under the eXp banner, accelerating expansion across LATAM and signaling a new era of agent ownership, platform leverage, and cross-border opportunity

BELLINGHAM, Wash., May 16, 2025 (GLOBE NEWSWIRE) — eXp Realty®, the world’s largest independent real estate brokerage and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the official launch of its operations in Ecuador, furthering the company’s rapid expansion across Latin America. The move is led by Kléver Guanoluisa Torres, one of the country’s most influential real estate professionals, who previously led Ecuador’s top-performing team at RE/MAX.

Kléver brings nearly 30 years of experience in real estate, coaching and business development. He has trained more than 2,000 agents across Latin America and is widely recognized for his leadership approach focused on personal growth, professional performance and long-term agent success.

“Kléver’s reputation speaks for itself. He’s a proven leader and a trusted name in the Ecuadorian real estate community,” said Felix Bravo, Managing Director, International, at eXp Realty. “His decision to join eXp reflects the growing shift among industry leaders who are looking for a model that empowers agents through ownership, innovation and borderless opportunity.”

Kléver said the move to eXp represents a new chapter not only for his career, but for the next generation of real estate professionals in Ecuador.

“eXp brings together everything I believe agents need to thrive: the freedom to lead, the tools to scale and the community to grow,” said Torres. “This is more than a career move. It’s a commitment to a better future for agents across the country.”

With this expansion, agents in Ecuador gain access to eXp’s cloud-based brokerage model. Key benefits include a competitive commission structure tailored to local market needs, equity and revenue share opportunities (subject to local regulatory compliance), and a global network of more than 81,000 agents in 27 countries.

To learn more about building with eXp in Ecuador, visit exprealty.international.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 27 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: expworldholdings.com.

SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit success.com.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company’s ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Contact
eXp World Holdings, Inc.
[email protected]

Investor Relations
Denise Garcia
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cdf2aaa0-29d4-4e29-ba98-d46ed1b6fe45

GlobeNewswire Distribution ID 9452781

Kléver’s move brings Ecuador’s top-performing team under the eXp banner, accelerating expansion across LATAM and signaling a new era of agent ownership, platform leverage, and cross-border opportunity

BELLINGHAM, Wash., May 16, 2025 (GLOBE NEWSWIRE) — eXp Realty®, the world’s largest independent real estate brokerage and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the official launch of its operations in Ecuador, furthering the company’s rapid expansion across Latin America. The move is led by Kléver Guanoluisa Torres, one of the country’s most influential real estate professionals, who previously led Ecuador’s top-performing team at RE/MAX.

Kléver brings nearly 30 years of experience in real estate, coaching and business development. He has trained more than 2,000 agents across Latin America and is widely recognized for his leadership approach focused on personal growth, professional performance and long-term agent success.

“Kléver’s reputation speaks for itself. He’s a proven leader and a trusted name in the Ecuadorian real estate community,” said Felix Bravo, Managing Director, International, at eXp Realty. “His decision to join eXp reflects the growing shift among industry leaders who are looking for a model that empowers agents through ownership, innovation and borderless opportunity.”

Kléver said the move to eXp represents a new chapter not only for his career, but for the next generation of real estate professionals in Ecuador.

“eXp brings together everything I believe agents need to thrive: the freedom to lead, the tools to scale and the community to grow,” said Torres. “This is more than a career move. It’s a commitment to a better future for agents across the country.”

With this expansion, agents in Ecuador gain access to eXp’s cloud-based brokerage model. Key benefits include a competitive commission structure tailored to local market needs, equity and revenue share opportunities (subject to local regulatory compliance), and a global network of more than 81,000 agents in 27 countries.

To learn more about building with eXp in Ecuador, visit exprealty.international.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with over 81,000 agents across 27 international locations. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: expworldholdings.com.

SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit success.com.

Safe Harbor and Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company’s and its management’s current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding international expansion, individual agent success, and the availability of equity ownership programs. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include real estate market fluctuations, changes in agent retention or recruitment, the Company’s ability to expand successfully in international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.

Media Contact
eXp World Holdings, Inc.
[email protected]

Investor Relations
Denise Garcia
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cdf2aaa0-29d4-4e29-ba98-d46ed1b6fe45

GlobeNewswire Distribution ID 9452781