Category: Press Releases

HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — LyondellBasell (NYSE: LYB), a global leader in the chemical industry, today released its 2024 Sustainability Report, demonstrating significant progress in circular and low-carbon solutions, climate action and operational excellence.

“At LYB, sustainability is an opportunity to reimagine the future and create long-term value,” said Peter Vanacker, CEO of LyondellBasell. “Our 2024 report, ‘From Vision to Value,’ highlights how we are rethinking the status quo and accelerating progress towards a circular and low-carbon future by investing in innovative technologies, strengthening collaborations, and embedding sustainability into our core strategy.”

2024 sustainability highlights:

• Value Enhancement Program (VEP) success: The company’s employee-driven VEP initiative unlocked a cumulative $800 million in recurring annual EBITDA and generated estimated annual carbon emissions reductions of 310,000 metric tons.
• Advancing the circular economy: LYB increased volumes of recycled and renewable-based polymers by 65% to over 200,000 metric tons, progressing toward its 2030 goal of producing and marketing 2 million metric tons annually and capturing incremental EBITDA of more than $1 billion¹.
• MoReTec-1 construction underway: To meet the rising demand for circular polymers, the company broke ground on its first commercial-scale chemical recycling plant in Wesseling, Germany, to convert hard-to-recycle plastic waste into new raw materials, including for contact-sensitive packaging.
• Reducing carbon emissions: In Q1 2025, LYB safely completed the shutdown of refining operations at its Houston refinery. This will reduce annual Scope 3 emissions by approximately 40 million metric tons.
• Renewable energy expansion: New power purchase agreements (PPAs) secured in 2024 will enable LYB to meet its target of sourcing at least 50% of electricity from renewable sources by 2030.
• Safety excellence: Out of over 90+ LYB manufacturing sites, 70 achieved GoalZERO, 72 were injury-free and the company achieved its second lowest-ever total recordable incident rate (0.127).
• Strategic growth & investments: The company acquired APK AG, adding Newcycling technology to its portfolio for solution-based recycling of low-density polyethylene (LDPE) waste.
• Sustainability recognition: Ranked first among plastics producers in BloombergNEF’s 2024 circular economy company rankings and retained its AA ESG rating from MSCI.

“As we look to the future, we remain steadfast in our commitment to sustainability and innovation. Our investments in circular and low-carbon solutions, along with our dedication to safety and operational excellence, will drive our progress toward achieving our 2030 and 2050 goals. We are transforming our vision into lasting value, ensuring that we create meaningful impact for our customers, shareholders and society.” – Peter Vanacker, CEO, LyondellBasell

For more details, read the 2024 Sustainability Report at www.lyondellbasell.com.

About LyondellBasell

We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

For media inquiries, please contact:

Nick Facchin

Sr. Manager, Executive Communications and Media Relations

Phone: +1 713 309 4791

Email: [email protected]

__________________________________________________

¹ Incremental to LyondellBasell’s fossil-based O&P Americas and O&P EAI annual EBITDA

 

GlobeNewswire Distribution ID 9421112

HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — LyondellBasell (NYSE: LYB), a global leader in the chemical industry, today released its 2024 Sustainability Report, demonstrating significant progress in circular and low-carbon solutions, climate action and operational excellence.

“At LYB, sustainability is an opportunity to reimagine the future and create long-term value,” said Peter Vanacker, CEO of LyondellBasell. “Our 2024 report, ‘From Vision to Value,’ highlights how we are rethinking the status quo and accelerating progress towards a circular and low-carbon future by investing in innovative technologies, strengthening collaborations, and embedding sustainability into our core strategy.”

2024 sustainability highlights:

• Value Enhancement Program (VEP) success: The company’s employee-driven VEP initiative unlocked a cumulative $800 million in recurring annual EBITDA and generated estimated annual carbon emissions reductions of 310,000 metric tons.
• Advancing the circular economy: LYB increased volumes of recycled and renewable-based polymers by 65% to over 200,000 metric tons, progressing toward its 2030 goal of producing and marketing 2 million metric tons annually and capturing incremental EBITDA of more than $1 billion¹.
• MoReTec-1 construction underway: To meet the rising demand for circular polymers, the company broke ground on its first commercial-scale chemical recycling plant in Wesseling, Germany, to convert hard-to-recycle plastic waste into new raw materials, including for contact-sensitive packaging.
• Reducing carbon emissions: In Q1 2025, LYB safely completed the shutdown of refining operations at its Houston refinery. This will reduce annual Scope 3 emissions by approximately 40 million metric tons.
• Renewable energy expansion: New power purchase agreements (PPAs) secured in 2024 will enable LYB to meet its target of sourcing at least 50% of electricity from renewable sources by 2030.
• Safety excellence: Out of over 90+ LYB manufacturing sites, 70 achieved GoalZERO, 72 were injury-free and the company achieved its second lowest-ever total recordable incident rate (0.127).
• Strategic growth & investments: The company acquired APK AG, adding Newcycling technology to its portfolio for solution-based recycling of low-density polyethylene (LDPE) waste.
• Sustainability recognition: Ranked first among plastics producers in BloombergNEF’s 2024 circular economy company rankings and retained its AA ESG rating from MSCI.

“As we look to the future, we remain steadfast in our commitment to sustainability and innovation. Our investments in circular and low-carbon solutions, along with our dedication to safety and operational excellence, will drive our progress toward achieving our 2030 and 2050 goals. We are transforming our vision into lasting value, ensuring that we create meaningful impact for our customers, shareholders and society.” – Peter Vanacker, CEO, LyondellBasell

For more details, read the 2024 Sustainability Report at www.lyondellbasell.com.

About LyondellBasell

We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

For media inquiries, please contact:

Nick Facchin

Sr. Manager, Executive Communications and Media Relations

Phone: +1 713 309 4791

Email: [email protected]

__________________________________________________

¹ Incremental to LyondellBasell’s fossil-based O&P Americas and O&P EAI annual EBITDA

 

GlobeNewswire Distribution ID 9421112

Decorated general brings extensive leadership and policy development expertise to board role

BOSTON, April 15, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointment of General Daniel Hokanson, USA, Ret. to the company’s board of directors. He brings deep expertise and experience in leading organizations through the development and implementation of detailed strategic policy to Duck Creek’s board.

Hokanson is a retired 4-Star General who served as a member of the Joint Chiefs of Staff and the 29^th Chief of the National Guard Bureau. In this role, he was a military advisor to the President, Secretary of Defense, and National Security Council. He also served as the Department of Defense’s channel of communications to the Governors and State Adjutants General.

“Dan is an accomplished and decorated leader, and we are excited to have him join the Duck Creek Board of Directors,” said Michael Jackowski, Chief Executive Officer, Duck Creek Technologies. “As we continue to expand globally and help insurance companies tackle tough challenges resulting from climate change and increasingly complex regulatory environments, his unique skill set will be instrumental in guiding Duck Creek.”

As Chief of the National Guard Bureau, Hokanson oversaw the Guard’s historic response to the COVID-19 pandemic, civil disturbances, and numerous natural disasters, while simultaneously meeting every global military operations requirement. He also led the National Guard and Department of Defense’s State Partnership Program, which includes over 100 member countries, regularly conducting senior government and military leader engagements worldwide.

A graduate of the United States Military Academy at West Point with a degree in aerospace engineering, Hokanson also earned master’s degrees in international security and civil-military relations from the Naval Postgraduate School in Monterey, California, and national security and strategic studies from the Naval War College in Newport, Rhode Island. He also completed the Department of Defense year-long National Security Fellowship at Harvard University.

“I am honored to join Duck Creek Technologies’ board of directors. The company’s dedication to innovation and excellence in the insurance industry strongly aligns with my values and experience,” said Hokanson. “I look forward to supporting Duck Creek’s mission to shape the future of property and casualty insurance while helping the industry navigate its evolving challenges.”

Hokanson’s role was sourced through the external board program operated by Vista Equity Partners, a global technology investor that specializes in enterprise software and a majority investor in Duck Creek. Launched in 2017, the board program leverages Vista’s ecosystem and additional resources to identify, train, and appoint qualified board candidates for its portfolio companies. The program works to create a pipeline of highly talented board candidates through programs and partnerships that will drive results for the corporate world at large.

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 9421383

Decorated general brings extensive leadership and policy development expertise to board role

BOSTON, April 15, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointment of General Daniel Hokanson, USA, Ret. to the company’s board of directors. He brings deep expertise and experience in leading organizations through the development and implementation of detailed strategic policy to Duck Creek’s board.

Hokanson is a retired 4-Star General who served as a member of the Joint Chiefs of Staff and the 29^th Chief of the National Guard Bureau. In this role, he was a military advisor to the President, Secretary of Defense, and National Security Council. He also served as the Department of Defense’s channel of communications to the Governors and State Adjutants General.

“Dan is an accomplished and decorated leader, and we are excited to have him join the Duck Creek Board of Directors,” said Michael Jackowski, Chief Executive Officer, Duck Creek Technologies. “As we continue to expand globally and help insurance companies tackle tough challenges resulting from climate change and increasingly complex regulatory environments, his unique skill set will be instrumental in guiding Duck Creek.”

As Chief of the National Guard Bureau, Hokanson oversaw the Guard’s historic response to the COVID-19 pandemic, civil disturbances, and numerous natural disasters, while simultaneously meeting every global military operations requirement. He also led the National Guard and Department of Defense’s State Partnership Program, which includes over 100 member countries, regularly conducting senior government and military leader engagements worldwide.

A graduate of the United States Military Academy at West Point with a degree in aerospace engineering, Hokanson also earned master’s degrees in international security and civil-military relations from the Naval Postgraduate School in Monterey, California, and national security and strategic studies from the Naval War College in Newport, Rhode Island. He also completed the Department of Defense year-long National Security Fellowship at Harvard University.

“I am honored to join Duck Creek Technologies’ board of directors. The company’s dedication to innovation and excellence in the insurance industry strongly aligns with my values and experience,” said Hokanson. “I look forward to supporting Duck Creek’s mission to shape the future of property and casualty insurance while helping the industry navigate its evolving challenges.”

Hokanson’s role was sourced through the external board program operated by Vista Equity Partners, a global technology investor that specializes in enterprise software and a majority investor in Duck Creek. Launched in 2017, the board program leverages Vista’s ecosystem and additional resources to identify, train, and appoint qualified board candidates for its portfolio companies. The program works to create a pipeline of highly talented board candidates through programs and partnerships that will drive results for the corporate world at large.

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 9421383

NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Marc Mysterio, a Billboard-charting artist and undefeated professional boxer—IBA Boxing has issued a letter sanctioning Marc Mysterio vs. Jake Paul for their vacant 220 lbs title—has introduced new evidence in his lawsuit against Amazon Music (Case No. 1:25-cv-01705, U.S. District Court, Southern District of New York), alleging the platform used an “IF/THEN” filter to cripple his music’s viability.

The Irish-Canadian artist, who logged 80 million streams from September 2023 to August 2024 as a voluntary Amazon Exclusive Artist, claims Amazon’s filter replaced artist-level metadata with a “-” white-out symbol—rendering songs artist-less—preventing fan alerts and stations’ streams.

Court filings include a letter of preservation requesting 17 items, such as Amazon’s logs identifying when the alleged filter was activated, who authorized it, user error reports, and the implementing programmer’s user-ID.

Mysterio music appeared on Taylor Swift’s station—generating 3.7 million streams in 2024 before bottoming out in September—asserts the shadowban handcuffed his reach.

Marc Mysterio Streams & Listeners on Amazon Music’s Taylor Swift Station; Overall Streams & Listeners

Marc Mysterio Streams & Listeners on Amazon Music’s Taylor Swift Station; Overall Streams & Listeners on Amazon Music from September 1, 2023-August 31, 2024“Amazon profits from creators whilst blacklisting artists through shadow-banning,” said Mysterio.

Mysterio has urged Taylor Swift to remove her catalog from Amazon due to the shadowban, given Swift’s legacy of advocating for artists’ rights—from her Spotify boycott to supporting Kesha—her voice would be a game-changer.

The two also share a mutual friend, All Elite Wrestling’s Jeff Jarrett.

Taylor Swift

“I’ve posted video evidence on shadowban.me —a 3-Part Series—I’m calling on Taylor to stand with me in unity against shadow-banning. When she pulls her catalog from Amazon, it solidifies her as The Anti-Hero. Jeff has my contact details—let’s talk,” Mysterio states.

Swift’s partner, Travis Kelce, was also co-featured in a Billboard article with Mysterio for new chart entries.

Mysterio’s lawsuit—seeking millions in lost and unpaid royalties— follows recent Billboard-Hit “The Dancefloor” and collaborations with Flo Rida, David Guetta, Crash Test Dummies, Samantha Fox, Netflix’s “Trailer Park Boys”, and Avicii (according to Billboard).

Marc Mysterio

A three-part video series detailing the alleged shadow-banning is available on YouTube at shadowban.me

---

For More Information:

Key Facts You Need To Know:

View Marc Mysterio Amazon Streaming/Listener Stats

View Letter of Preservation of Evidence

View Marc Mysterio/Travis Kelce Billboard Article

@marc_mysterio on X – Career Bio

View IBA Boxing Chairman’s Letter

Marc Mysterio & Bubbles on Trailer Park Boys (TikTok)

View Marc Mysterio Press-Photo

Press Contact:

Ralph Bennett
[email protected]
https://veritaseditions.net/

Legal Contact:

Michael H. Joseph, Esq.
[email protected]

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3a4772bb-f755-49dd-a959-837a17c78b2d

https://www.globenewswire.com/NewsRoom/AttachmentNg/1136326a-6414-48a3-bc90-f286e2e3e097

https://www.globenewswire.com/NewsRoom/AttachmentNg/773c7f94-12ed-4066-8d64-30ead65b46fb

A PDF accompanying this announcement is available at
http://ml-eu.globenewswire.com/Resource/Download/05b45f2a-fb46-435d-825d-55dc8e655a8d

A video accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cff279cb-feb5-4202-a698-3523b82f0cc1

GlobeNewswire Distribution ID 1001080375

NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Marc Mysterio, a Billboard-charting artist and undefeated professional boxer—IBA Boxing has issued a letter sanctioning Marc Mysterio vs. Jake Paul for their vacant 220 lbs title—has introduced new evidence in his lawsuit against Amazon Music (Case No. 1:25-cv-01705, U.S. District Court, Southern District of New York), alleging the platform used an “IF/THEN” filter to cripple his music’s viability.

The Irish-Canadian artist, who logged 80 million streams from September 2023 to August 2024 as a voluntary Amazon Exclusive Artist, claims Amazon’s filter replaced artist-level metadata with a “-” white-out symbol—rendering songs artist-less—preventing fan alerts and stations’ streams.

Court filings include a letter of preservation requesting 17 items, such as Amazon’s logs identifying when the alleged filter was activated, who authorized it, user error reports, and the implementing programmer’s user-ID.

Mysterio music appeared on Taylor Swift’s station—generating 3.7 million streams in 2024 before bottoming out in September—asserts the shadowban handcuffed his reach.

Marc Mysterio Streams & Listeners on Amazon Music’s Taylor Swift Station; Overall Streams & Listeners

Marc Mysterio Streams & Listeners on Amazon Music’s Taylor Swift Station; Overall Streams & Listeners on Amazon Music from September 1, 2023-August 31, 2024“Amazon profits from creators whilst blacklisting artists through shadow-banning,” said Mysterio.

Mysterio has urged Taylor Swift to remove her catalog from Amazon due to the shadowban, given Swift’s legacy of advocating for artists’ rights—from her Spotify boycott to supporting Kesha—her voice would be a game-changer.

The two also share a mutual friend, All Elite Wrestling’s Jeff Jarrett.

Taylor Swift

“I’ve posted video evidence on shadowban.me —a 3-Part Series—I’m calling on Taylor to stand with me in unity against shadow-banning. When she pulls her catalog from Amazon, it solidifies her as The Anti-Hero. Jeff has my contact details—let’s talk,” Mysterio states.

Swift’s partner, Travis Kelce, was also co-featured in a Billboard article with Mysterio for new chart entries.

Mysterio’s lawsuit—seeking millions in lost and unpaid royalties— follows recent Billboard-Hit “The Dancefloor” and collaborations with Flo Rida, David Guetta, Crash Test Dummies, Samantha Fox, Netflix’s “Trailer Park Boys”, and Avicii (according to Billboard).

Marc Mysterio

A three-part video series detailing the alleged shadow-banning is available on YouTube at shadowban.me

---

For More Information:

Key Facts You Need To Know:

View Marc Mysterio Amazon Streaming/Listener Stats

View Letter of Preservation of Evidence

View Marc Mysterio/Travis Kelce Billboard Article

@marc_mysterio on X – Career Bio

View IBA Boxing Chairman’s Letter

Marc Mysterio & Bubbles on Trailer Park Boys (TikTok)

View Marc Mysterio Press-Photo

Press Contact:

Ralph Bennett
[email protected]
https://veritaseditions.net/

Legal Contact:

Michael H. Joseph, Esq.
[email protected]

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3a4772bb-f755-49dd-a959-837a17c78b2d

https://www.globenewswire.com/NewsRoom/AttachmentNg/1136326a-6414-48a3-bc90-f286e2e3e097

https://www.globenewswire.com/NewsRoom/AttachmentNg/773c7f94-12ed-4066-8d64-30ead65b46fb

A PDF accompanying this announcement is available at
http://ml-eu.globenewswire.com/Resource/Download/05b45f2a-fb46-435d-825d-55dc8e655a8d

A video accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cff279cb-feb5-4202-a698-3523b82f0cc1

GlobeNewswire Distribution ID 1001080375

Broadcast leaders embrace breakthrough live translation technology offering unmatched accuracy, scale, and affordability

BROOKLYN, N.Y. and NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) — AI-Media (ASX: AIM), a global leader in AI-driven captioning and language technology, today announced the successful commercial launch of LEXI Voice at NAB Show 2025 in Las Vegas. The live debut of the breakthrough solution – which delivers real-time alternate-language voice tracks using AI – was met with strong interest from global broadcasters, live event producers, streaming platforms, and enterprise leaders.

LEXI Voice represents a leap forward in live translation, transforming a single-language broadcast into a multi-language experience – with natural-sounding synthetic voices, ultra-low latency (~8 – 12 seconds), and no additional hardware required. The result: new audience access, increased advertising revenue, and dramatic cost savings compared to traditional human interpretation.

“Customers are telling us that LEXI Voice delivers exactly what they need: accuracy, scale, and simplicity – all at a disruptive price point,” said James Ward, Chief Sales Officer at AI-Media. “For many, this is the moment multilingual delivery finally becomes commercially viable.”

Strategic Differentiators:

• Price Point: At USD $30/hr (plus standard LEXI captioning rate), LEXI Voice slashes live translation costs by up to 90%.
• Platform Reach: Works seamlessly with AIM’s global encoder network – Alta (SMPTE 2110 and MPEG-TS), Encoder Pro – HD492 (SDI), and iCap – requiring no new infrastructure for existing customers.
• Broadcast-Grade Voices: Customers praised the natural tone, intelligibility, and speaker clarity of the AI-generated output.
• Plug-and-Play: Same scheduling, APIs, billing, and support as current captioning workflows.

Available Immediately:

• Translation into 100+ languages
• Customisable voices by region, gender, and tone
• Glossary and phonetic tools to ensure brand and name consistency
• AI voice replacement of original audio with full audio mixing
• Support for up to five alternate-language tracks per channel

Real-World Applications Already Underway: LEXI Voice is attracting:

• Global broadcasters localising sports, news, and entertainment to unlock new ad inventory
• Governments and legislatures ensuring inclusive language access for public sessions
• Corporates expanding reach in internal town halls and investor communications
• Streaming platforms and events scaling accessibility to diverse global audiences

The launch aligns with AI-Media’s strategic roadmap to triple Tech revenue by FY29 and achieve $60M EBITDA, as outlined in its FY25 investor communications. The company is focused on driving SaaS growth through its expanding LEXI Toolkit, which now includes LEXI Voice, LEXI Brew (Generative AI), and LEXI Translate.

“NAB was the first time our customers saw the complete LEXI Voice solution live – and the response confirmed what we knew: the market is ready,” said Ward. “This product transforms what’s possible in real-time multilingual engagement.”

For more information or to request a private demonstration, visit: LEXI Voice | Break Language Barriers & Grow Your Revenue

Follow AI-Media on LinkedIn for ongoing updates and customer success stories.

About AI-Media

Founded in Australia in 2003, AI-Media (ASX: AIM) is a pioneering technology company specialising in AI language and captioning workflow solutions.
As a global leader, AI-Media provides high-quality AI-powered live and recorded captioning and translation technology and solutions to a diverse range of customers and markets worldwide.
For the first time in February 2024, AI-Media unveiled groundbreaking data showcasing the superiority of its AI captioning product, LEXI, over traditional more expensive human workflows.
With deep industry experience and sophisticated AI technology to create solutions which streamline and simplify processes, AI-Media empowers leading broadcasters, enterprises and government agencies globally to ensure seamless accessibility and inclusivity of their content. AI-Media’s proprietary technologies – iCap, LEXI, Alta, and the LEXI Toolkit – are trusted across 25+ countries to deliver unmatched accuracy, reliability, and efficiency.

Media Contact:
Fiona Habben
Head of Global Marketing
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/15d29007-51d7-4d87-a1e9-4b1b17a8d049

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/deb7fa0f-d0c9-4ee2-a4eb-5bb5ca299ed5

GlobeNewswire Distribution ID 9421739

Broadcast leaders embrace breakthrough live translation technology offering unmatched accuracy, scale, and affordability

BROOKLYN, N.Y. and NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) — AI-Media (ASX: AIM), a global leader in AI-driven captioning and language technology, today announced the successful commercial launch of LEXI Voice at NAB Show 2025 in Las Vegas. The live debut of the breakthrough solution – which delivers real-time alternate-language voice tracks using AI – was met with strong interest from global broadcasters, live event producers, streaming platforms, and enterprise leaders.

LEXI Voice represents a leap forward in live translation, transforming a single-language broadcast into a multi-language experience – with natural-sounding synthetic voices, ultra-low latency (~8 – 12 seconds), and no additional hardware required. The result: new audience access, increased advertising revenue, and dramatic cost savings compared to traditional human interpretation.

“Customers are telling us that LEXI Voice delivers exactly what they need: accuracy, scale, and simplicity – all at a disruptive price point,” said James Ward, Chief Sales Officer at AI-Media. “For many, this is the moment multilingual delivery finally becomes commercially viable.”

Strategic Differentiators:

• Price Point: At USD $30/hr (plus standard LEXI captioning rate), LEXI Voice slashes live translation costs by up to 90%.
• Platform Reach: Works seamlessly with AIM’s global encoder network – Alta (SMPTE 2110 and MPEG-TS), Encoder Pro – HD492 (SDI), and iCap – requiring no new infrastructure for existing customers.
• Broadcast-Grade Voices: Customers praised the natural tone, intelligibility, and speaker clarity of the AI-generated output.
• Plug-and-Play: Same scheduling, APIs, billing, and support as current captioning workflows.

Available Immediately:

• Translation into 100+ languages
• Customisable voices by region, gender, and tone
• Glossary and phonetic tools to ensure brand and name consistency
• AI voice replacement of original audio with full audio mixing
• Support for up to five alternate-language tracks per channel

Real-World Applications Already Underway: LEXI Voice is attracting:

• Global broadcasters localising sports, news, and entertainment to unlock new ad inventory
• Governments and legislatures ensuring inclusive language access for public sessions
• Corporates expanding reach in internal town halls and investor communications
• Streaming platforms and events scaling accessibility to diverse global audiences

The launch aligns with AI-Media’s strategic roadmap to triple Tech revenue by FY29 and achieve $60M EBITDA, as outlined in its FY25 investor communications. The company is focused on driving SaaS growth through its expanding LEXI Toolkit, which now includes LEXI Voice, LEXI Brew (Generative AI), and LEXI Translate.

“NAB was the first time our customers saw the complete LEXI Voice solution live – and the response confirmed what we knew: the market is ready,” said Ward. “This product transforms what’s possible in real-time multilingual engagement.”

For more information or to request a private demonstration, visit: LEXI Voice | Break Language Barriers & Grow Your Revenue

Follow AI-Media on LinkedIn for ongoing updates and customer success stories.

About AI-Media

Founded in Australia in 2003, AI-Media (ASX: AIM) is a pioneering technology company specialising in AI language and captioning workflow solutions.
As a global leader, AI-Media provides high-quality AI-powered live and recorded captioning and translation technology and solutions to a diverse range of customers and markets worldwide.
For the first time in February 2024, AI-Media unveiled groundbreaking data showcasing the superiority of its AI captioning product, LEXI, over traditional more expensive human workflows.
With deep industry experience and sophisticated AI technology to create solutions which streamline and simplify processes, AI-Media empowers leading broadcasters, enterprises and government agencies globally to ensure seamless accessibility and inclusivity of their content. AI-Media’s proprietary technologies – iCap, LEXI, Alta, and the LEXI Toolkit – are trusted across 25+ countries to deliver unmatched accuracy, reliability, and efficiency.

Media Contact:
Fiona Habben
Head of Global Marketing
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/15d29007-51d7-4d87-a1e9-4b1b17a8d049

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/deb7fa0f-d0c9-4ee2-a4eb-5bb5ca299ed5

GlobeNewswire Distribution ID 9421739

CGTN published an article on how China’s new film partnership with Spain contrasts with its cuts to U.S. film imports, exposing the self-defeating impact of America’s tariff war – jeopardizing Hollywood’s most lucrative foreign market and undermining the country’s broader services trade dominance.

BEIJING, April 13, 2025 (GLOBE NEWSWIRE) — During Spanish Prime Minister Pedro Sanchez’s visit to China on Friday, the two countries signed a memorandum of understanding (MOU) on film cooperation, injecting new momentum into bilateral cultural exchanges.

China and Spain will deepen collaboration in the film industry, including joint participation in festivals, mutual screenings, co-productions, and personnel exchanges, according to the MOU inked between China’s National Film Administration and Spain’s Institute of Cinematography and Audiovisual Arts.

The enhanced film partnership between China and Spain stands in sharp contrast to Beijing’s announcement of its plan to moderately reduce the number of U.S. films imported.

A spokesperson for the China Film Administration said on Thursday that the adjustment follows market principles and reflects audience preferences, as the United States’ recent hikes in tariffs on Chinese imports are bound to impact Chinese audiences’ interest in U.S. films.

Following China’s signal to cut Hollywood imports, shares of several major U.S. film and media companies fell sharply. The Walt Disney Company and Warner Bros. Discovery, Inc. saw their stock prices drop by 6.79 and 12.53 percent, respectively.

Analysts attribute the decline to growing fears of being shut out of the world’s second-largest film market. Data shows U.S. film releases in China totaled 63 in 2018 and 52 in 2019, generating 19.9 billion yuan ($2.72 billion) combined and commanding over 80 percent of all foreign film revenue in this period. This was one of the best runs for U.S. films in the Chinese box office.

From films to finance and technology, the administration of U.S. President Donald Trump has failed to acknowledge its massive trade surplus in the services sector with its trading partners when it decided to slap sweeping additional tariffs on imported goods under the pretext of reducing its trade deficits.

The United States is China’s largest source of services trade deficits. According to U.S. Department of Commerce, American services exports to China surged from $5.63 billion in 2001 to $46.71 billion in 2023 – a 7.3-fold increase – while the annual services trade surplus ballooned 11.5 times to $26.57 billion, peaking at $39.7 billion in 2019.

The ongoing trade tensions between the U.S. and its trading partners threaten to disrupt its services trade. European Commission President Ursula von der Leyen has warned that the European Union is prepared to escalate the trade war by targeting U.S. services – a sector where America holds a significant trade surplus with Europe – should negotiations on tariffs fail.

In an interview with the Financial Times, von der Leyen singled out U.S. tech giants as a potential pressure point, signaling Brussels’ readiness to impose a digital advertising tax that would directly impact firms like Meta, Google, and Facebook.

The latest China-Spain film collaboration demonstrates China’s commitment to sustained openness and willingness to share market opportunities with global partners.

Chinese Premier Li Qiang and the Spanish prime minister, who witnessed the signing of the MOU on Friday, agreed to enhance cooperation on the economy, trade, investment and technological innovation, jointly support free trade and open cooperation and uphold multilateralism.

https://news.cgtn.com/news/2025-04-12/China-s-silver-screen-pivot-Why-U-S-tariff-policy-is-to-blame-1Cw1kkpIbni/p.html

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