Businesses
Here's a look at documents from U.S. and international businesses
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Wyndham and Le Park Concord to Launch 100 Super 8 Hotels Across Saudi Arabia in Landmark 10-Year Deal
PARSIPPANY, New Jersey, May 15 -- Wyndham Hotels and Resorts issued the following news release:
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Wyndham and Le Park Concord to Launch 100 Super 8 Hotels Across Saudi Arabia in Landmark 10-Year Deal
Exclusive development agreement supports KSA's Vision 2030 while helping make travel more accessible throughout the Kingdom
RIYADH (14 May 2025) - Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,300 hotels spanning more than 95 countries, has entered into an exclusive development agreement with Le Park Concord Company to launch its iconic Super 8
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PARSIPPANY, New Jersey, May 15 -- Wyndham Hotels and Resorts issued the following news release:
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Wyndham and Le Park Concord to Launch 100 Super 8 Hotels Across Saudi Arabia in Landmark 10-Year Deal
Exclusive development agreement supports KSA's Vision 2030 while helping make travel more accessible throughout the Kingdom
RIYADH (14 May 2025) - Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,300 hotels spanning more than 95 countries, has entered into an exclusive development agreement with Le Park Concord Company to launch its iconic Super 8by Wyndham brand in the Kingdom of Saudi Arabia. With plans to open 100 hotels over the next ten years, the agreement reinforces Wyndham's long-term commitment to quality, accessible and sustainable hospitality development in the region.
The signing was executed with the active support of the Ministry of Tourism of Saudi Arabia, further underlining the initiative's alignment with the Kingdom's national tourism goals.
Le Park Concord is a leading Saudi hotel operator and developer, currently managing over 900 rooms across 13 properties with an additional 13 hotels under development, expected to add more than 2,000 rooms to the company's growing portfolio.
"Bringing Super 8 to Saudi Arabia is a strategic move to make quality, affordable travel more accessible. As tourism accelerates and millions of travellers visit the country each year, the demand for dependable, budget-friendly accommodation continues to grow, whether you are travelling for business or leisure. Our collaboration with Le Park Concord allows us to meet that need by introducing a trusted brand in key cities and along major highways. We're excited to bring Super 8's signature blend of affordability, stylish comfort, and sustainable modern design to one of the region's most dynamic markets."
- Dimitris Manikis, President, EMEA, Wyndham Hotels & Resorts
As Saudi Arabia undergoes rapid transformation under Vision 2030, Wyndham and Le Park Concord are set to meet the rising demand for quality, affordable lodging among both international visitors and a growing domestic traveller base. In 2024 alone, the Kingdom welcomed 30 million international tourists, a 9.5 percent increase from the previous year, and according to Saudi Arabia's Ministry of Tourism, that number is expected to reach 150 million annually by the end of the decade.
As part of the deal, the first Super 8 hotel is expected to debut next year, 2026. Future locations are planned along the Kingdom's major highways and in key urban and transit hubs, including Riyadh, Jeddah, Makkah, Madinah, Al Khobar/Dammam, and surrounding areas. Many properties will feature smart modular construction and eco-conscious designs, aligning with both brands' focus on efficiency, sustainability, and guest comfort.
Supporting a National Vision
Saudi Arabia's strategic location, population growth, and increasing appeal to religious, leisure, and business travelers have made it a fast growing tourism destination. Despite this boom, branded economy accommodations remain underrepresented. According to Knight Frank, only 6% of the country's hotel pipeline is in the economy and midscale segments creating a significant supply gap that Super 8 is well-positioned to address.
"Saudi Arabia's tourism growth under Vision 2030 presents a clear need for more branded economy hotels. Our partnership with Wyndham Hotels & Resorts allows us to address this gap by combining local insight with strong and trusted international standards and the assurance of Wyndham Rewards, one of the world's most trusted loyalty programs. Together, we will offer affordable, quality stays to meet the needs of a rapidly expanding visitor base."
- Mr Fiaz Talal Alenezi, Chief Executive Officer, Le Park Concord Company
The Wyndham Advantage
Wyndham franchisees throughout the EMEA region benefit from the Wyndham Advantage - a combination of world-class marketing, distribution and other resources designed to put owners on the path to success. Inclusive of over $350 million (USD) in innovative technology investments since becoming a public company in 2018, owners have access to best-in-class technology from industry-leading providers, including next-gen property management systems, as well as a growing member base of over 115 million enrolled Wyndham Rewards members who make up more than a third of all check-ins globally.
Globally recognized for both quality and value, Super 8 by Wyndham is one of the world's largest economy hotel brands, spanning multiple countries throughout the world. Just last month, Wyndham announced plans to introduce the brand to Spain and Portugal with 40 hotels slated to open across the two countries over the next 10 years.
To learn more about Wyndham Hotels & Resorts, including franchising opportunities with brands like Super 8 by Wyndham, visit whrdevelopmentemea.com.
About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of franchised properties, with approximately 9,300 hotels across over 95 countries on six continents. Through its network of approximately 907,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8, Days Inn, Ramada, Microtel, La Quinta, Baymont, Wingate, AmericInn, ECHO Suites, Registry Collection Hotels, Trademark Collection and Wyndham. The Company's award-winning Wyndham Rewards loyalty program offers over 115 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit www.wyndhamhotels.com.
About Le Park Concord Company
Le Park Concord Company is a fast-growing hospitality group based in the Kingdom of Saudi Arabia, known for delivering personalised and heartfelt guest experiences. Since opening its first hotel in 2015, the company has expanded to 13 hotels and resorts across the Kingdom, with plans to grow to over 100 properties across Saudi Arabia and the wider region by 2030. Driven by a belief that true luxury is personal, warm, and meaningful, Le Park Concord blends high hospitality standards with continuous innovation. Every stay is a story, built on a foundation of thoughtful, authentic service. For more information, visit https://www.leparkconcord.com/
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements related to Wyndham's current views and expectations with respect to growth and anticipated travel demands in the EMEA region. Forward-looking statements are any statements other than statements of historical fact, including those that convey management's expectations as to the future based on plans, estimates and projections at the time Wyndham makes the statements and may be identified by words such as "will," "expect," "believe," "plan," "anticipate," "predict," "intend," "goal," "future," "forward," "remain," "confident," "outlook," "guidance," "target," "objective," "estimate," "projection" and similar words or expressions, including the negative version of such words and expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Wyndham to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, general economic conditions, including inflation, higher interest rates and potential recessionary pressures; the performance of the financial and credit markets; the economic environment for the hospitality industry; operating risks associated with the hotel franchising business; Wyndham's relationships with franchisees; the impact of war, terrorist activity, political instability or political strife, including the ongoing conflicts between Russia and Ukraine and conflicts in the Middle East, respectively; global or regional health crises or pandemics including the resulting impact on Wyndham's business, operations, financial results, cash flows and liquidity, as well as the impact on its franchisees, guests and team members, the hospitality industry and overall demand for and restrictions on travel; Wyndham's ability to satisfy obligations and agreements under its outstanding indebtedness, including the payment of principal and interest and compliance with the covenants thereunder; risks related to Wyndham's ability to obtain financing and the terms of such financing, including access to liquidity and capital; and Wyndham's ability to make or pay, plans for and the timing and amount of any future share repurchases and/or dividends, as well as the risks described in Wyndham's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequent reports filed with the Securities and Exchange Commission. These risks and uncertainties are not the only ones Wyndham may face and additional risks may arise or become material in the future. Wyndham undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, subsequent events or otherwise, except as required by law.
Media Contact
For more information, please contact wyndham@fsc.uk.com
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Original text here: https://corporate.wyndhamhotels.com/news-releases/wyndham-and-le-park-concord-to-launch-100-super-8-hotels-across-saudi-arabia-in-landmark-10-year-deal/
[Category: BizTravel]
Vishay Intertechnology Automotive Grade, SMD Thick Film Power Resistor Offers Enhanced Protection Against Short Transient Pulses
MALVERN, Pennsylvania, May 15 -- Vishay Intertechnology Inc. issued the following news release:
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Vishay Intertechnology Automotive Grade, SMD Thick Film Power Resistor Offers Enhanced Protection Against Short Transient Pulses
MALVERN, Pa. -- May 14, 2025 -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that it has extended its D2TO35 series of surface-mount thick film power resistors with a new AEC-Q200 qualified device that delivers higher pulse absorption up to 15 J/0.1 s. Offered in the TO-263 (D2PAK) package, the Vishay Sfernice D2TO35H provides high power dissipation of
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MALVERN, Pennsylvania, May 15 -- Vishay Intertechnology Inc. issued the following news release:
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Vishay Intertechnology Automotive Grade, SMD Thick Film Power Resistor Offers Enhanced Protection Against Short Transient Pulses
MALVERN, Pa. -- May 14, 2025 -- Vishay Intertechnology, Inc. (NYSE: VSH) today announced that it has extended its D2TO35 series of surface-mount thick film power resistors with a new AEC-Q200 qualified device that delivers higher pulse absorption up to 15 J/0.1 s. Offered in the TO-263 (D2PAK) package, the Vishay Sfernice D2TO35H provides high power dissipation of35 W at a +25 C case temperature.
The Automotive Grade device released today features a unique design that provides 30 % higher energy absorption than the standard D2TO35 resistor for enhanced protection against short transient pulses. The result is more stable operation in high stress environments, reducing the risk of failure and improving overall system reliability, while requiring fewer components to save board space, simplify layouts, and reduce overall solution costs.
The D2TO35H offers high temperature operation to +175 C, a broad range of resistance values from 1 W to 14 kW - with tolerances down to +- 2 % - and thermal resistance of 4.28 C/W. The device will serve as the active discharge, discharge, or precharge resistor for controls, 48 V board nets, BMS, fuel cells, and on-board chargers for HEVs, EVs, and low speed electric vehicles; energy monitoring and metering systems; agricultural vehicles and farm equipment; industrial motor drives, welding equipment, and power tools; and military weapons guidance systems.
The RoHS-compliant resistor offers a non-inductive design and is solder reflow secure at 270 C/10 s.
Samples and production quantities of the D2TO35H are available now, with lead times of 10 weeks.
Vishay manufactures one of the world's largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech.(R) Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.
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Original text here: https://www.vishay.com/en/company/press/releases/2025/%E2%80%8BD2TO35H/
[Category: BizElectronic Products]
Old Navy X Disney: A First of Its Kind Collaboration From Two Iconic American Brands
SAN FRANCISCO, California, May 15 -- Gap, a retailer of clothing and accessories, issued the following news release:
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Old Navy x Disney: A First of Its Kind Collaboration from Two Iconic American Brands
San Francisco, May 14, 2025 - Old Navy is kicking off Summer with the launch of their new collaboration with Disney. The two renowned brands are coming together for the first time on a co-created collection for the whole family. Launching on May 14, 2025, the Old Navy x Disney collection features everyone's favorite iconic Disney characters - Mickey Mouse, Minnie Mouse, Goofy, Pluto, and
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SAN FRANCISCO, California, May 15 -- Gap, a retailer of clothing and accessories, issued the following news release:
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Old Navy x Disney: A First of Its Kind Collaboration from Two Iconic American Brands
San Francisco, May 14, 2025 - Old Navy is kicking off Summer with the launch of their new collaboration with Disney. The two renowned brands are coming together for the first time on a co-created collection for the whole family. Launching on May 14, 2025, the Old Navy x Disney collection features everyone's favorite iconic Disney characters - Mickey Mouse, Minnie Mouse, Goofy, Pluto, andDonald Duck and a brand new take on the Old Navy flag t-shirt that's been a summer staple in wardrobes for 30 years.
Sarah Holme, Old Navy Head of Design and Product Development
"We partnered with Disney's incredible team to bring you the first ever limited-edition Old Navy x Disney collection -- designed for every style icon in the family. It's a fresh take on classic American summer style with Disney's characters, full of thoughtful design details and unexpected twists. From a reimagined version of our iconic flag tee to a line-up of timeless-meets-trend-forward pieces, this collection is all about celebrating classic summer style, nostalgic charm for today, and making everyday moments a little more magical."
The Old Navy x Disney collection is inviting families to have the best summer of their lives with a collection of denim, t-shirts, swimwear and accessories.
The teams infused trend-forward designs from Old Navy with Disney's signature charm, incorporating thoughtful details like Mickey Mouse-shaped buttons on a denim jacket and embroidery throughout. Accessories in the collection include hats, sunglasses, tote bags, and enamel pins that customers can use to customize their favorite piece - inviting them to have fun with summer style.
Liz Shortreed, SVP, The Americas and Global Softlines for Disney Consumer Products
"Disney continually strives to connect fans and families with our beloved characters through innovative products that capture the magic of timeless stories. By fusing Disney's beloved characters with Old Navy's signature style, two American brands are coming together to deliver a modern collection rooted in the rich legacy of a global icon, Mickey Mouse. Featuring Mickey Mouse on this classic flag tee is a milestone moment--celebrating nearly a century of pop culture influence, a passionate worldwide fan base, and the enduring power of Disney storytelling."
The Old Navy x Disney collection is online and in stores across the country on May 14, 2025. The collection priced from $8.99 to $64.99 and includes the below sizing:
Baby and Toddler: Newborn to 24 Months, 2T-6T
Kids: XS-XXL
Adult Womens: XS-4XL, Petite XS-4XL, and Tall XS-4XL
Adult Mens: XS-4XL and Tall M-4XL
About Old Navy
Old Navy is a global apparel and accessories brand that makes current American essentials accessible to every family. Originated in 1994, the brand celebrates the democracy of style through on-trend, playfully optimistic, affordable and high-quality products. A brand within San Francisco-based Gap Inc. (NYSE: GAP) portfolio of brands, Old Navy brings a fun, energizing shopping environment to its customers in more than 1,300 stores around the world. For more information, please visit www.oldnavy.com.
About Disney Consumer Products
Disney Consumer Products (DCP) is the division of Disney Experiences that brings beloved brands and franchises into the daily lives of families and fans through products - from toys to t-shirts, apps, books, console games and more - and experiences that can be found around the world, including on the Disney Store e-commerce platform and at Disney Parks, local and international retailers, as well as Disney store locations globally. The business is home to world-class teams of product, licensing and retail experts, artists and storytellers, and technologists who inspire imaginations around the world.
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Original text here: https://www.gapinc.com/en-us/articles/2025/05/old-navy-x-disney-a-first-of-its-kind-collaboratio
[Category: BizConsumer Services]
Interventional Cardiologists Perform the Southern Maryland Region's First Drug-Coated Balloon Angioplasty Procedure at MedStar Southern Maryland Hospital Center
COLUMBIA, Maryland, May 15 -- MedStar Southern Maryland Hospital Center, a part of MedStar Health, issued the following news:
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Interventional Cardiologists Perform the Southern Maryland Region's First Drug-Coated Balloon Angioplasty Procedure at MedStar Southern Maryland Hospital Center
Clinton, MD - Interventional cardiologist, Sonia Samtani, MD, and an all-female team of specialists, performed the region's first drug-coated balloon (DCB) angioplasty in April at MedStar Southern Maryland Hospital Center. DCB is a new treatment for patients with in-stent restenosis (ISR). The novel therapy
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COLUMBIA, Maryland, May 15 -- MedStar Southern Maryland Hospital Center, a part of MedStar Health, issued the following news:
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Interventional Cardiologists Perform the Southern Maryland Region's First Drug-Coated Balloon Angioplasty Procedure at MedStar Southern Maryland Hospital Center
Clinton, MD - Interventional cardiologist, Sonia Samtani, MD, and an all-female team of specialists, performed the region's first drug-coated balloon (DCB) angioplasty in April at MedStar Southern Maryland Hospital Center. DCB is a new treatment for patients with in-stent restenosis (ISR). The novel therapydelivers targeted treatment for re-narrowing of a previously stented coronary artery and demonstrates MedStar Southern Maryland's expanding capacity to deliver complex coronary interventions to the Southern Maryland region.
ISR is a condition where a previously stented coronary artery narrows again, restricting blood flow. This re-narrowing is often caused by scar tissue at the site of the original stent. According to Dr. Samtani, the procedure is currently indicated for patients who have had a stent (or double-layer stent) and experience restenosis (narrowing).
"With the addition of the drug-coated balloon angioplasty, we can treat patients effectively right here in the community without having to introduce an extra layer of metal with a stent in the coronary vessel," Dr. Samtani said.
"In-stent restenosis can be challenging, especially if a patient has multiple stents in place," said Brian Case, MD, director of Interventional Cardiology. "Not all restenosis cases are the same, which is why we need different tools in our toolbox to treat the condition. Having the drug-coated balloon as one of those tools is a great addition that will benefit our patient population in Southern Maryland."
How Drug-Coated Balloon Angioplasty Works
The drug-coated balloon procedure is performed in the hospital's cardiac catheterization lab by a highly trained team of interventional cardiology specialists. As with a traditional balloon angioplasty procedure to open blocked arteries, the patient is sedated, and a small guide wire and catheter with a special balloon tip are inserted through the wrist or groin to access the blocked artery. The drug-coated balloon is inserted into the artery and inflated so that it contacts the artery walls, allowing the anti-proliferative drug (a drug that prevents excessive tissue growth and keeps the artery open) to be released and absorbed into the walls of the artery. Once absorbed, the drug helps keep the artery open and prevents future narrowing without the use of a metal stent.
The benefits of using the drug-coated balloon include:
* No metal stents
* Minimally invasive
* Procedure can be repeated if re-narrowing occurs in the future
* Reduction in complications from metal stent and scar tissue formation
Drug-coated balloons have been used in the peripheral vessels for decades, but the technique was recently FDA-approved for use in the coronary arteries following years of clinical trials. The procedure is also gaining traction in the treatment of small vessel disease, where vessels are too small for stent placement. A clinical trial is underway at MedStar Southern Maryland to investigate the efficacy of drug-coated balloon angioplasty in tiny, delicate coronary vessels.
"Adding new advanced technologies like the drug-coated balloon elevates the hospital's Cardiac Catheterization capabilities, allowing us to provide advanced, lifesaving procedures close to home," said Dr. Case.
Dr. Samtani added, "The innovation that is happening in the hospital's Cardiac Catheterization Lab has been truly exciting, and I'm very fortunate to be a part of it."
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Original text here: https://www.medstarhealth.org/news-and-publications/news/first-drug-coated-balloon-angioplasty-procedure
[Category: BizHealth Care]
Caterpillar Inc. Releases 2024 Annual, Sustainability Reports Highlighting Customer-Focused and Sustainability Strategies
PEORIA, Illinois, May 15 (TNSrep) -- Caterpillar, a manufacturer of construction and mining equipment, issued the following news release:
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Caterpillar Inc. Releases 2024 Annual, Sustainability Reports Highlighting Customer-Focused and Sustainability Strategies
IRVING, Texas, May 13, 2025 - Caterpillar Inc. (NYSE: CAT) today announced the release of its 2024 Annual and Sustainability Reports, showcasing the company's notable strides advancing the business across all segments.
The 2024 reports underscore Caterpillar's commitment to building a better, more sustainable world, and highlight
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PEORIA, Illinois, May 15 (TNSrep) -- Caterpillar, a manufacturer of construction and mining equipment, issued the following news release:
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Caterpillar Inc. Releases 2024 Annual, Sustainability Reports Highlighting Customer-Focused and Sustainability Strategies
IRVING, Texas, May 13, 2025 - Caterpillar Inc. (NYSE: CAT) today announced the release of its 2024 Annual and Sustainability Reports, showcasing the company's notable strides advancing the business across all segments.
The 2024 reports underscore Caterpillar's commitment to building a better, more sustainable world, and highlightthe collective efforts of global Caterpillar employees in meeting customer needs and achieving the company's goals.
"The reports detail Caterpillar's investment of more than $30 billion in research and development over the past 20 years in best-in-class innovation," said Caterpillar CEO Joe Creed. "Our strategy for profitable growth is delivering results. With rising global demand for energy and critical minerals powering emerging technologies - alongside expanded opportunities to meet the world's infrastructure needs - we are well-positioned for what's ahead."
Progress Toward Caterpillar's Strategy for Growth and Sustainability Goals
The 2024 reports detail Caterpillar's strategy for long-term profitable growth - focusing on services, expanded offerings, operational excellence and sustainability. They also highlight Caterpillar's ongoing progress towards its 2030 sustainability goals, including: reductions in greenhouse gas (GHG) emissions in our operations, increased sales of remanufactured products and our continued focus on employee health and safety.
Empowering Customers
Caterpillar's success is deeply intertwined with its dedicated dealer network, valued customers and the hard work of its employees. The reports show how the company provides comprehensive solutions, including hands-on training, support, and maintenance, to help customers maximize their equipment's performance and meet their sustainability-related goals.
"Our commitment to excellence extends beyond the execution of our strategy," said George Moubayed, chief strategy and sustainability officer. "For example, we continue to develop an expanded portfolio of increasingly fuel-efficient, fuel flexible and fully electric products that help customers achieve their sustainability-related objectives."
Investing in Communities
Caterpillar and its employees are equally dedicated to improving the lives of others around the world through the Caterpillar Foundation. From supporting skills development and workforce readiness in communities to building sustainable infrastructure and enabling disaster preparedness, response and recovery, the 2024 reports detail the critical work being done.
New to the 2024 Sustainability Report
The 2024 Sustainability Report integrates Caterpillar's Diversity & Inclusion, Lobbying, and TCFD (Task Force on Climate-related Financial Disclosures) reports into a single, easily accessible document, ensuring employees and stakeholders can find relevant and timely information in one resource.
Learn more and explore the reports at caterpillar.com/reports.
About Caterpillar
With 2024 sales and revenues of $64.8 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments - Construction Industries, Resource Industries and Energy & Transportation - and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.
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Original text here: https://www.caterpillar.com/en/news/corporate-press-releases/h/annual-sustainability-reports-2024.html
[Category: BizIndustrial Materials]
Broadridge Announces New Patent on Large Language Model Orchestration of Machine Learning Agents
LAKE SUCCESS, New York, May 15 -- Broadridge Financial Solutions, a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers, issued the following news release:
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Broadridge Announces New Patent on Large Language Model Orchestration of Machine Learning Agents
NEW YORK, May 14, 2025 - Broadridge Financial Solutions Inc. (NYSE:BR) has been awarded a new U.S. patent on its large language model (LLM) orchestration of machine learning agents. These patented methods and systems are behind BondGPT, Broadridge's award-winning
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LAKE SUCCESS, New York, May 15 -- Broadridge Financial Solutions, a provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers, issued the following news release:
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Broadridge Announces New Patent on Large Language Model Orchestration of Machine Learning Agents
NEW YORK, May 14, 2025 - Broadridge Financial Solutions Inc. (NYSE:BR) has been awarded a new U.S. patent on its large language model (LLM) orchestration of machine learning agents. These patented methods and systems are behind BondGPT, Broadridge's award-winningGenAI application first demonstrated in the market in the LTX e-trading platform, a Broadridge subsidiary. BondGPT was released in June 2023, followed by the enterprise version, BondGPT+, in October 2023. These applications provide timely, secure and accurate responses to natural language questions using OpenAI GPT models and the orchestration of multiple AI agents to automatically retrieve and process data from multiple datasets and analytical models simultaneously.
"We are consistently developing innovative data science and execution capabilities to improve our clients' pre-trade and trade execution workflows," said Jim Kwiatkowski, CEO of LTX. "As we reflect on the positive feedback we've received about the value and uniqueness of BondGPT, it's validating to receive this patent for our innovations. We will continue to work closely with clients integrating AI into their workflows to increase productivity and optimize trading."
BondGPT and BondGPT+ harness powerful AI and machine learning to offer enhanced, personalized trading capabilities to corporate bond traders, portfolio managers, and analysts on the buy- and sell-side. By deploying Broadridge's patented methods for LLM orchestration of machine learning agents, the BondGPT+ enterprise application integrates clients' proprietary data and analytical models, third-party datasets, as well as sophisticated personalization features, and provides unparalleled access to critical pre-trade data and models, improving efficiency and saving valuable time for users.
Other significant features patented in U.S. Patent No. 12,061,970 include:
* Explainability as to how the output of the patented methods of LLM orchestration of machine learning agents was generated through a "Show your work" feature that offers step-by-step transparency;
* A multi-agent adversarial feature for enhanced accuracy; and
* An AI-powered compliance verification feature, based on custom compliance rules configured to an enterprise's unique compliance and risk management processes.
* The use of User Profile attributes such as user role to inform data retrieval and security
The announcement builds on the momentum of other patented technologies awarded to LTX's fixed income trading, including innovations of bond similarity technology, dealer selection score technology, liquidity aggregation technology, and RFQ+ trading protocol.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients - driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of securities globally. A certified Great Place to Work, Broadridge is part of the S&P 500 Index, employing over 14,000 associates in 21 countries.
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Original text here: https://www.broadridge.com/press-release/2025/broadridge-announces-new-patent-on-large-language-model-orchestration-of-machine
[Category: BizFinancial Services]
Bell Announces Memorandum of Understanding for United States Army's Flight School Next Industry Collaborators
FORT WORTH, Texas, May 15 -- Bell Textron, a subsidiary of Textron, issued the following news release:
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Bell Announces Memorandum of Understanding (MOU) for United States Army's Flight School Next Industry Collaborators
Nashville, TN (May 14, 2025) - Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, has signed Memorandum of Understandings (MOU) with V2X, DigiFlight, Delaware Resource Group (DRG) and TRU Simulation, an affiliate of Textron Aviation Inc., to begin collaboration on the strategic development of Bell's offering for the U.S. Army's Flight School Next program.
Bell and these
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FORT WORTH, Texas, May 15 -- Bell Textron, a subsidiary of Textron, issued the following news release:
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Bell Announces Memorandum of Understanding (MOU) for United States Army's Flight School Next Industry Collaborators
Nashville, TN (May 14, 2025) - Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, has signed Memorandum of Understandings (MOU) with V2X, DigiFlight, Delaware Resource Group (DRG) and TRU Simulation, an affiliate of Textron Aviation Inc., to begin collaboration on the strategic development of Bell's offering for the U.S. Army's Flight School Next program.
Bell and thesefour companies share a rich history in industrial cooperation and expertise in the various disciplines required to execute a modern, high-tech and rigorous training programs. This collaboration will be critical in delivering a comprehensive training solution to future Army aviators.
"Bell has been a trusted provider of military pilot training since 1946," said Jeff Schloesser, executive vice president, Strategic Pursuits, Bell. "This group of companies represent a collective commitment to delivering a trusted, high-performing, technologically advanced and low-risk aviator training program to the Army customer that will ensure they are prepared for dynamic and challenging combat environments."
The Bell 505 is a versatile, five-seat aircraft designed for reliability and efficiency, equipped with the latest technology to meet the demands of modern flight training. The aircraft features a fully integrated Garmin G1000H NXi avionics suite and a Safran Arrius 2R engine with dual-channel FADEC, making it an ideal platform for military training.
About Bell
Thinking above and beyond is what we do. For more than 85 years, we've been reimagining the experience of flight - and where it can take us.
We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA's first lunar mission and brought advanced tiltrotor systems to market. Today, we're defining the future of advanced air mobility.
Headquartered in Fort Worth, Texas - as a wholly-owned subsidiary of Textron Inc., - we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours.
Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.
About Textron
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: www.textron.com.
Contact details
Blakeley Thress
Military: Future Vertical Lift
mediarelations@bellflight.com
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Original text here: https://news.bellflight.com/en-US/249973-bell-announces-memorandum-of-understanding-mou-for-united-states-army-s-flight-school-next-industry-collaborators
[Category: BizNational Defense]
