Miami, Florida, September 10th, 2026, FinanceWire

Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect

Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today provided initial revenue guidance for fiscal years 2026 and 2027. The Company expects revenue of $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027.

The two-year guidance reflects EM&T’s expected transition from its current production base in 2026 to the first full year benefiting from its expansion in Pohang, Republic of Korea. Thirteen additional ULVAC sintered magnet production machines, placed on binding purchase orders, are scheduled for delivery and installation in November 2026 and are expected to increase annual rare earth magnet production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. The expansion is supported by agreed principal terms with Korea Electric Power Corporation to increase electrical infrastructure serving the Pohang operations from 130 megawatts to approximately 750 megawatts, approximately 1.3 million square feet of adjacent land to be acquired from the Pohang City Government, and conditional approval of an approximately $20.7 million grant from Pohang City and Gyeongbuk Province.

The outlook is based on management’s current assessment of demand from existing customers and the anticipated conversion of prospective customer opportunities into orders and shipments, together with assumptions regarding equipment commissioning, customer qualification, production ramp, feedstock availability, working capital, product mix, pricing and shipment timing. EM&T has secured non-China NdPr metal under its agreement with Senri Trading Co., Ltd., sourced from SRE Vietnam, and has taken delivery of its first shipment under that arrangement. The Company has also announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets, drawing on more than 18 years of commercial-scale rare earth processing and magnet-making experience. The fiscal 2027 range reflects anticipated utilization during the production ramp and does not represent the revenue potential of the planned capacity at full utilization.

“Providing guidance for both years gives investors a clearer view of the financial progression we expect as the Pohang expansion moves from equipment installation and commissioning in late 2026 into its first full year of operation in 2027,” said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. “The ranges reflect the demand and operating assumptions we can reasonably incorporate today, including the pace of customer conversion, feedstock availability and the working capital required to support higher throughput. The guidance reflects anticipated utilization during the production ramp rather than full utilization of planned capacity, and we intend to update the market as our visibility improves.”

“January 1, 2027 marks a significant change in sourcing requirements for the U.S. defense industrial base,” said Andrew F. Knaggs, President of EM&T. “For neodymium-iron-boron magnets, DFARS 252.225-7052 will extend the restriction across the entire mine-to-magnet supply chain, while the July 2026 Executive Order substantially tightened the conditions for waivers and directed faster qualification of compliant sources. EM&T’s existing Korean manufacturing platform, non-China feedstock arrangements and planned capacity expansion are designed to help address that need at commercial scale while continuing to serve our established global customer base.”

“Delivering against this guidance is fundamentally a matter of execution,” said Frank Moon, Chief Executive Officer of EM&T. “Our priorities are to install and commission the additional equipment, bring the supporting facility and power expansion online, secure the feedstock required for higher production volumes, complete required customer qualifications and convert demand into shipments. Pohang allows us to scale from an established operating base, with an experienced engineering team and long-standing customer relationships. The operating record and capabilities we build there will also support our planned expansion in the United States and continued growth beyond 2027.”

In connection with its expansion, EM&T has engaged an international public relations and strategic communications firm to broaden the Company’s global market visibility, develop international partnerships, and strengthen its press and digital communications presence. The engagement is intended to expand awareness of the Company among institutional audiences, industry partners and financial media as EM&T moves through its capacity expansion and into fiscal 2027.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on our new X account at https://x.com/EMATCorp and LinkedIn at https://www.linkedin.com/company/evolution-metals-and-technologies

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s revenue guidance for fiscal years 2026 and 2027 and the assumptions underlying it; anticipated revenue growth and the expected contribution of the Pohang expansion to revenue; expected magnet shipments, production capacity and utilization; the timing of delivery, installation and commissioning of ULVAC equipment; the timing and availability of expanded power capacity, land and governmental grants supporting EM&T’s Pohang operations; anticipated demand from existing and prospective customers, including customers seeking DFARS-compliant supply; the conversion of demand and commercial opportunities into orders, shipments and revenue; the availability of feedstock and working capital or other financing required to purchase feedstock and support higher production volumes; pricing and product mix; the development of the Company’s planned U.S. industrial campus; and EM&T’s plans to expand its critical materials processing and permanent magnet manufacturing operations. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, guidance, outlook, positioned and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. The Company’s guidance is based on management’s current expectations and assumptions, including anticipated customer demand, and is not based on contracted volumes. Actual revenue will depend, among other factors, on the Company’s ability to convert demand into firm orders and shipments. Such risks include, among others, delays in equipment delivery, installation and commissioning; the Company’s ability to complete its land-use arrangements, execute power supply documentation and satisfy conditions applicable to governmental grants; the ability of counterparties to perform their obligations; the Company’s ability to obtain working capital and other financing on acceptable terms, or at all, and to continue as a going concern; the availability and cost of non-China rare earth feedstock; the Company’s ability to secure purchase orders from existing and prospective customers at anticipated volumes and prices; customer qualification requirements; changes in the DFARS 252.225-7052 effective date, waiver practices, tariffs or other government policies; competition; rare earth pricing and currency fluctuations; the Company’s ability to achieve contemplated production capacity, utilization levels, yields and operating efficiencies; financing, supply-chain and market risks; and the other risks described in EM&T’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, performance or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T’s expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under “Risk Factors” therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contacts

Judith McGarry

Evolution Metals & Technologies Corp.

investor.relations@evolution-metals.com

Arx Investor Relations

North American Equities Desk

EMAT@arxhq.com

Contact

PR, Marketing & Global Partnerships
Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122

Miami, Florida, September 10th, 2026, FinanceWire

Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect

Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company, today provided initial revenue guidance for fiscal years 2026 and 2027. The Company expects revenue of $5 million to $8 million for fiscal 2026 and $400 million to $460 million for fiscal 2027.

The two-year guidance reflects EM&T’s expected transition from its current production base in 2026 to the first full year benefiting from its expansion in Pohang, Republic of Korea. Thirteen additional ULVAC sintered magnet production machines, placed on binding purchase orders, are scheduled for delivery and installation in November 2026 and are expected to increase annual rare earth magnet production capacity from approximately 1,000 metric tons to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered magnets. The expansion is supported by agreed principal terms with Korea Electric Power Corporation to increase electrical infrastructure serving the Pohang operations from 130 megawatts to approximately 750 megawatts, approximately 1.3 million square feet of adjacent land to be acquired from the Pohang City Government, and conditional approval of an approximately $20.7 million grant from Pohang City and Gyeongbuk Province.

The outlook is based on management’s current assessment of demand from existing customers and the anticipated conversion of prospective customer opportunities into orders and shipments, together with assumptions regarding equipment commissioning, customer qualification, production ramp, feedstock availability, working capital, product mix, pricing and shipment timing. EM&T has secured non-China NdPr metal under its agreement with Senri Trading Co., Ltd., sourced from SRE Vietnam, and has taken delivery of its first shipment under that arrangement. The Company has also announced Tier-1 OEM quality certifications across six grades of high-performance sintered NdFeB magnets, drawing on more than 18 years of commercial-scale rare earth processing and magnet-making experience. The fiscal 2027 range reflects anticipated utilization during the production ramp and does not represent the revenue potential of the planned capacity at full utilization.

“Providing guidance for both years gives investors a clearer view of the financial progression we expect as the Pohang expansion moves from equipment installation and commissioning in late 2026 into its first full year of operation in 2027,” said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. “The ranges reflect the demand and operating assumptions we can reasonably incorporate today, including the pace of customer conversion, feedstock availability and the working capital required to support higher throughput. The guidance reflects anticipated utilization during the production ramp rather than full utilization of planned capacity, and we intend to update the market as our visibility improves.”

“January 1, 2027 marks a significant change in sourcing requirements for the U.S. defense industrial base,” said Andrew F. Knaggs, President of EM&T. “For neodymium-iron-boron magnets, DFARS 252.225-7052 will extend the restriction across the entire mine-to-magnet supply chain, while the July 2026 Executive Order substantially tightened the conditions for waivers and directed faster qualification of compliant sources. EM&T’s existing Korean manufacturing platform, non-China feedstock arrangements and planned capacity expansion are designed to help address that need at commercial scale while continuing to serve our established global customer base.”

“Delivering against this guidance is fundamentally a matter of execution,” said Frank Moon, Chief Executive Officer of EM&T. “Our priorities are to install and commission the additional equipment, bring the supporting facility and power expansion online, secure the feedstock required for higher production volumes, complete required customer qualifications and convert demand into shipments. Pohang allows us to scale from an established operating base, with an experienced engineering team and long-standing customer relationships. The operating record and capabilities we build there will also support our planned expansion in the United States and continued growth beyond 2027.”

In connection with its expansion, EM&T has engaged an international public relations and strategic communications firm to broaden the Company’s global market visibility, develop international partnerships, and strengthen its press and digital communications presence. The engagement is intended to expand awareness of the Company among institutional audiences, industry partners and financial media as EM&T moves through its capacity expansion and into fiscal 2027.

About Evolution Metals & Technologies Corp.

Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on our new X account at https://x.com/EMATCorp and LinkedIn at https://www.linkedin.com/company/evolution-metals-and-technologies

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company’s revenue guidance for fiscal years 2026 and 2027 and the assumptions underlying it; anticipated revenue growth and the expected contribution of the Pohang expansion to revenue; expected magnet shipments, production capacity and utilization; the timing of delivery, installation and commissioning of ULVAC equipment; the timing and availability of expanded power capacity, land and governmental grants supporting EM&T’s Pohang operations; anticipated demand from existing and prospective customers, including customers seeking DFARS-compliant supply; the conversion of demand and commercial opportunities into orders, shipments and revenue; the availability of feedstock and working capital or other financing required to purchase feedstock and support higher production volumes; pricing and product mix; the development of the Company’s planned U.S. industrial campus; and EM&T’s plans to expand its critical materials processing and permanent magnet manufacturing operations. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, guidance, outlook, positioned and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. The Company’s guidance is based on management’s current expectations and assumptions, including anticipated customer demand, and is not based on contracted volumes. Actual revenue will depend, among other factors, on the Company’s ability to convert demand into firm orders and shipments. Such risks include, among others, delays in equipment delivery, installation and commissioning; the Company’s ability to complete its land-use arrangements, execute power supply documentation and satisfy conditions applicable to governmental grants; the ability of counterparties to perform their obligations; the Company’s ability to obtain working capital and other financing on acceptable terms, or at all, and to continue as a going concern; the availability and cost of non-China rare earth feedstock; the Company’s ability to secure purchase orders from existing and prospective customers at anticipated volumes and prices; customer qualification requirements; changes in the DFARS 252.225-7052 effective date, waiver practices, tariffs or other government policies; competition; rare earth pricing and currency fluctuations; the Company’s ability to achieve contemplated production capacity, utilization levels, yields and operating efficiencies; financing, supply-chain and market risks; and the other risks described in EM&T’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, performance or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T’s expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under “Risk Factors” therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.

Investor Relations Contacts

Judith McGarry

Evolution Metals & Technologies Corp.

investor.relations@evolution-metals.com

Arx Investor Relations

North American Equities Desk

EMAT@arxhq.com

Contact

PR, Marketing & Global Partnerships
Phoenix MGMT & Consulting
PR@PhoenixMGMTConsulting.com
888-228-0122

Piazza Lucio Dalla hosts the Volunteer Ministers exhibition through 8 September, combining practical tools for everyday difficulties with first-hand accounts from communities assisted after floods and earthquakes

Brussels, Brussels, Belgium, 10th Sep 2026 — A travelling yellow tent operated by the Scientology Volunteer Ministers has opened in Bologna’s Piazza Lucio Dalla, bringing to the city an exhibition focused on practical methods for helping people confront difficulties in everyday life, alongside photographs and accounts documenting volunteer work carried out during emergencies in Italy and internationally.

The initiative was inaugurated on Sunday, 30 August, before around 100 people and is scheduled to remain in the square through 8 September. Inside the large yellow pavilion, information panels and videos present approaches to subjects including communication, interpersonal relationships, study, work, marriage, raising children and coping with environments that may be experienced as unsafe or difficult.

The opening took on a particularly local character through the participation of three guests who had encountered the Volunteer Ministers not through an exhibition, but during emergencies affecting their own communities: Luca Vecchiettini, Mayor of Pianoro; Fabrizio Lazzarini, a restaurateur from Pianoro; and Andrea Ferrarini, former president of the Radio Club Contea Nord civil protection group in Bondeno.

Their accounts connected the educational material displayed inside the tent with the less visible work that often follows floods, earthquakes and other emergencies: clearing mud, supporting relief operations, helping residents restore damaged premises and assisting communities as they begin returning to everyday life.

Pianoro: a relationship born after the 2024 floods

Mayor Vecchiettini recalled the relationship established between the Municipality of Pianoro and the Volunteer Ministers following the severe flooding that struck the Bologna metropolitan area in October 2024.

The emergency caused extensive disruption across Bologna and neighbouring municipalities, including Pianoro and the Val di Zena, areas that experienced repeated extreme weather events during 2023 and 2024. The Emilia-Romagna regional authorities documented the scale of the recovery work undertaken in Pianoro and surrounding localities.

Vecchiettini, whose responsibilities include civil protection and community affairs, described at the Bologna ceremony the friendship that developed between the local administration and the volunteers during the recovery effort. His institutional responsibilities are listed by the Municipality of Pianoro.

Fabrizio Lazzarini offered a more personal recollection. His restaurant was among the premises overwhelmed by mud following the October flooding. A group of Scientology volunteers assisted with the clean-up, and the restaurant subsequently became an informal base for people involved in relief activities arriving in Pianoro from different areas.

During the inauguration, Lazzarini recalled the difficult days following the flooding and expressed his appreciation for the assistance received by his business and the surrounding community.

The third account reached further back into Emilia-Romagna’s recent history. Andrea Ferrarini spoke about the aftermath of the 2012 earthquake and the assistance provided in communities including Bondeno and Medolla.

The earthquake triggered extensive civil-protection and volunteer mobilisation across the region. The Italian Scientology-associated civil-protection organisation PROCIVICOS records formal acknowledgements received for volunteer assistance provided after emergencies, including recognition connected with the response in Medolla following the 2012 earthquake.

The three testimonies formed the central human element of the Bologna opening, illustrating how relationships established during emergencies can continue long after the immediate crisis has passed.

From emergency response to everyday difficulties

Following the ribbon-cutting, visitors entered the tent to see a photographic exhibition of Volunteer Ministers activities and material explaining the programme’s broader purpose.

Although their yellow shirts have become particularly associated with emergency response, the Volunteer Ministers programme was not conceived solely for disaster situations.

The programme was established in 1976 by L. Ron Hubbard, founder of Scientology, as a religious social-service initiative intended to provide practical assistance to people confronting difficulties in their lives.

The programme is supported internationally by the Church of Scientology, and its training materials address such subjects as communication, study, relationships, marriage, parenting, workplace difficulties, stress and the achievement of personal goals.

Over the decades, an international Volunteer Ministers disaster-response network has developed alongside these community activities, with volunteers participating in relief operations following earthquakes, floods, fires and other emergencies.

That combination — preparedness for exceptional circumstances and attention to ordinary human problems — is central to the Bologna exhibition.

Rather than concentrating exclusively on images of disaster response, the displays also present methods intended to help individuals communicate more effectively, resolve difficulties and approach challenging situations in a more organised and constructive manner.

The approach reflects the broader purpose of the Scientology Volunteer Ministers programme: providing practical assistance in circumstances ranging from individual personal difficulties to large-scale emergencies.

Ivan Arjona, representative of the Church of Scientology to the European Union, OSCE, Council of Europe and United Nations, said:

“European communities depend not only on public institutions, but also on citizens who are prepared to help when another person or an entire neighbourhood faces difficulty. What has been remembered in Bologna — from the floods in Pianoro to the earthquake response in Emilia-Romagna — is a practical expression of solidarity. Helping people recover their ability to communicate, organise and move forward is closely connected with human dignity, civic responsibility and the values on which peaceful and resilient communities are built.”

The Bologna event also illustrates how a programme developed within a religious community can interact with municipal authorities, civil-protection organisations, businesses and individual citizens around practical forms of community assistance.

For the people who spoke at the inauguration, that relationship was based less on theory than on direct encounters during moments when additional help was needed.

Their presence in Piazza Lucio Dalla gave the exhibition a distinctly regional dimension, connecting the international history of the Volunteer Ministers programme with events experienced directly by communities in Emilia-Romagna.

The inauguration and the presence of the travelling tent in Bologna were also reported by BolognaToday.

A travelling programme across Italy

The Bologna installation forms part of a travelling initiative that has brought similar Volunteer Ministers exhibitions to cities across Italy.

Inside the tent, visitors can view photographic panels documenting humanitarian and community activities while learning about practical methods developed within Scientology for addressing everyday interpersonal and organisational problems.

The exhibition therefore presents two dimensions of the same programme: large-scale assistance during emergencies and practical support intended for everyday circumstances.

This distinction is significant because much of the Volunteer Ministers programme takes place outside disaster zones. Its methods were developed to address situations involving communication difficulties, conflict, study, work, relationships and other aspects of daily life.

In emergency settings, those same principles are applied in environments where organisation, cooperation and practical assistance can become especially important.

The Bologna tent remains in Piazza Lucio Dalla through 8 September, with the exhibition open daily from 10:00 to 23:00.

The Church of Scientology was founded on the religious philosophy developed by author and humanitarian L. Ron Hubbard. The Volunteer Ministers programme was created by Mr. Hubbard in 1976 as a practical social-service initiative through which Scientologists and other trained volunteers can assist individuals and communities.

Volunteer Ministers have participated in humanitarian and disaster-response activities in many countries, while also providing educational materials addressing communication, relationships, study, work and other challenges encountered in daily life.

Churches of Scientology, missions, groups and members are present throughout the European continent. The Church’s recognition as a charitable and bona fide religion continues to grow across European jurisdictions, alongside activities undertaken by Scientologists in the fields of education, prevention, human rights, humanitarian assistance and community betterment.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.scientologyeurope.org

Email: Send Email

Address: Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country: Belgium

Release id: 48732

The post Scientology Volunteer Ministers Open Yellow Tent in Bologna appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

Firm represents the latest in the Mirando family’s 110-year tradition of design innovation

United States, 10th Sep 2026 – MIKEADV CORP, the Boston-based, award-winning Integrated Marketing Communications agency known for handcrafted logo design, web development, and search engine optimization (SEO) services, is celebrating its 20th year in business. The anniversary comes 110 years after agency founder Mike Miranda’s great-uncles, Felix and Mike Miranda known as Mirando  came to the United States from Italy and started the Imperial Knife Company. In a tribute to his great-uncle, MIKEADV CORP’s Founder Mike Miranda was named after him, carrying not just his name, but it seems, his gift for design. 

Like MIKEADV, Imperial Knife Co. was committed to design excellence. “My great-uncle, after whom I was named, was a master of design and manufacturing craft,” explained Mike. “This talent with design runs in the family, apparently, and has been my inspiration in all my client work. As design increasingly gets absorbed into AI-driven processes, I feel the need for true design work is all the more urgent.” Virtually every early-stage client concept at MIKEADV is drawn by hand. “We’re pencil and paper guys,” Mike added. “From my brain to the paper; that’s really the only way to design something that stands out. The digitization comes later. My great-uncle understood this well, and the success he enjoyed with Imperial Knife Company bears it out.” 

Felix and Michael “Mike” Mirando came to the United States from Frosolone, Italy, a town in the Molise region with a long tradition of cutlery making. They settled in Providence, Rhode Island, where the city’s Jewelry District provided an ideal environment for skilled metalworking and small-scale manufacturing.

In 1916, the Mirando brothers established what became the Imperial Knife Company. Their boyhood friend and fellow Frosolone native, Domenic A. Fazzano, later joined them in the business. The company’s earliest work was closely connected to Providence’s jewelry trade. Imperial produced simple knife components, including metal “skeletons” that local jewelers could finish in gold or silver and turn into pocket-watch chain knives.

That market began to change during the 1920s as wristwatches increasingly replaced pocket watches. Imperial responded by expanding into the manufacture of complete pocketknives, developing the high-volume production methods that would eventually make the company one of the largest knife manufacturers in America.

The Great Depression presented another challenge—and an opportunity. Consumers had less money to spend, and manufacturers needed to produce useful goods at lower prices. Imperial became known for inexpensive stamped-metal construction and colorful plastic handle materials that allowed it to manufacture pocketknives efficiently and in large quantities. Felix Mirando was a named inventor on patents covering Imperial’s innovative knife-handle construction, including a 1939 patent involving plastic material applied to a metal knife-handle assembly.

The strategy helped Imperial grow dramatically. Rhode Island historical records indicate that the company employed approximately 1,000 workers by 1929. Its Providence operation eventually expanded to four buildings around Imperial Place, becoming a major presence in the city’s Jewelry District.

By the late 1930s, Imperial’s production had reached extraordinary levels. In a later interview, Mike Mirando recalled production of approximately 10,000 pocketknives per hour. By 1940, Imperial was the world’s largest producer of pocketknives, with historical accounts placing its production at as many as 100,000 knives per day.

Imperial’s story did not end with its early Providence factories. In 1957, the company acquired the former Rochambeau Worsted Company property at 60 King Street in Providence. The facility became an important part of Imperial’s later manufacturing operations, including the production of stainless-steel tableware. After the original Jewelry District operation closed in the 1970s, the King Street plant became Imperial’s principal production facility and remained in use until 1987.

Today, Imperial’s former Providence factories remain part of the city’s industrial heritage. The former Vesta Knitting Mills buildings associated with Imperial stand around Imperial Place and are recognized within Providence’s historic Jewelry District. GoProvidence, Providence’s official tourism organization, includes Imperial Place in its self-guided Jewelry District history tour, recognizing the company’s importance to the neighborhood and to Providence’s manufacturing history.

The story of Imperial Knife is ultimately a story of immigration, craftsmanship, innovation, and American mass production. Two brothers from Frosolone entered Providence’s jewelry-manufacturing world and built a company that grew from a small workshop making components for jewelers into a global-scale producer of affordable pocketknives. Imperial helped make the pocketknife an everyday American tool—and left a lasting mark on the industrial history of Providence, Rhode Island.

“Imperial Knife thrived even during the era of mass production,” Mike reflected. “They were able to do this because they were obsessed with craft. We’re going through a similar phase now with AI, which represents mass automated design. We respond with obsessive handcraft. It’s the same family instinct, playing out in a new century.”

For more information, https://mikeadv.com 

Media Contact

Organization: MIKEADV

Contact Person: Mike Mirando

Website: https://mikeadv.com

Email: Send Email

Country: United States

Release id: 48971

The post MIKEADV Celebrates 20th Anniversary in Design Business appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

Dubai, UAE, September 10th, 2026, Chainwire

Zamanat Fund CEIC Limited is the company’s first live proof point for regulated fund tokenization on ZIGChain focused on GCC private credit.

Zamanat today announced its sponsorship of Zamanat Fund CEIC Limited (the “Fund”), a DIFC-domiciled tokenized private credit fund with a target size of up to USD 100 million. The Fund targets the GCC’s estimated $250 billion SME financing gap, with only 11 percent of SMEs across the region having access to credit.

Closing a $250 billion structural gap in GCC SME credit

Across the GCC, SMEs are central to economic growth yet remain significantly underserved by traditional financing. In the UAE, SMEs generate more than half of GDP and employ the majority of the private-sector workforce, yet receive less than 10 percent of total bank lending.

The Fund will invest in private credit across the region, directing capital towards strong homegrown companies whose financing needs are not fully met through traditional lending channels. The strategy supports national ambitions to expand SME participation, private-sector growth and access to alternative financing, including priorities set out under Saudi Arabia’s Vision 2030 and the UAE Centennial 2071.

“Strong businesses across the GCC still struggle to access growth capital despite sound fundamentals. Zamanat sponsored the Fund to create a credible route between those businesses and institutional capital. With a target size of up to USD 100 million and interests issued as Investment Tokens, it is our first live proof point for bringing GCC private credit into a regulated digital structure for Professional Clients,” said Umair Tariq, Founder and CEO of Zamanat.

Bringing GCC private credit into digital markets

Tokenization expands the infrastructure around traditionally hard-to-access private-market assets without changing the underlying investment or credit profile.

The Fund combines a regional private credit strategy, a DIFC fund structure, institutional administration and digital issuance on ZIGChain. It provides a first live demonstration of how regional private credit can be brought into a DFSA-regulated tokenized structure for Professional Clients.

The Fund is a DFSA-regulated closed-ended fund registered as an Exempt Fund and classified as a Credit Fund. It is managed by Truleum Venture Partners Limited and administered by Apex Group. Fund interests will be issued as ZM1 Investment Tokens on ZIGChain within a regulated, whitelisted environment.

As sponsor, Zamanat brings its regional private credit, investment structuring and institutional partnership expertise to the Fund’s development. Truleum retains responsibility for all regulated fund-management activities.

The ZM1 Investment Token structure provides a blockchain-native ownership and settlement layer within the Fund’s regulated framework. It also allows qualifying investors who meet the DFSA Professional Client criteria to participate alongside institutional investors.

Zamanat is backed by Disrupt.com, a MENA-based, operator-led AI-native venture builder and lead investor in the business.

Building the global market for Digital Shariah Assets

Global Islamic finance assets are projected to reach $9.7 trillion by 2029, yet demand for digital and Shariah-aligned assets is growing faster than the institutional infrastructure connecting them with global capital.

Zamanat continues to build the global market for Digital Shariah Assets. Its wider operating model combines investment structuring, Shariah expertise, regulated partner routes and digital distribution to bring real-world assets to market through traditional and digital channels.

The DIFC-domiciled Fund evidences the regulated fund-tokenization, digital ownership and partner-orchestration capability within that wider build. Zamanat is progressing a separate pipeline of Digital Shariah Assets across private credit, receivables, real estate and other asset classes.

Institutional partnerships

Apex Group acts as Fund Administrator, providing institutional fund administration and controls from the outset.

“Zamanat is supporting the creation of a new category in Digital Assets. Bringing institutional structure and digital distribution together within a DFSA-regulated framework sets the standard for how this market should be built, and this fund shows the model working at institutional scale. We are proud to support the infrastructure behind it, and we look forward to partnering further on the projects Zamanat already has in motion,” said Peter Hughes, Founder & CEO, Apex Group.

The global market for Digital Shariah Assets does not yet exist as an institutional category. Zamanat is building it.

Notes to Editors

Sources

LSEG and ICD, 2025 Islamic Finance Development Indicator Report, 14 October 2025 (global Islamic finance assets projected to reach $9.7 trillion by 2029); World Bank, Competition in the GCC SME Lending Markets: An Initial Assessment (estimated $250 billion GCC SME credit gap; 11 percent of SMEs with access to credit); Kearney, GCC Retail Banking Radar 2024.

Investor notice

This communication as related to Zamanat Fund CEIC Limited is approved by Truleum Venture Partners Limited in the DIFC (DFSA License Number: F008013).

This release is for information only. It is not an offer, invitation or recommendation to subscribe for interests in Zamanat Fund CEIC Limited or acquire ZM1 Investment Tokens. Any participation will be made only through the Fund Manager, final offering documents and applicable Professional Client eligibility requirements. For avoidance of doubt, this communication is intended for and directed only to investors who meet the requirements to be considered Professional Clients as specified under the Dubai Financial Services Authority Conduct of Business Rulebook, Rule 2.3.3. The Fund is an ‘Exempt Fund’. Accordingly, the ZM1 Investment Tokens are available only to Professional Clients.

This release and the information contained herein does not constitute, and is not intended to constitute, a public offer of securities in any other jurisdiction and accordingly should not be construed as such. The ZM1 Investment Tokens are only available to a limited number of investors from the DIFC. The ZM1 Investment Tokens have not been approved by or licensed or registered with any other relevant licensing authority or governmental agency. No transaction will be concluded in onshore UAE outside the DIFC.

The Fund is not an Islamic Fund and is not marketed as Shariah-compliant. References to Shariah in this release relate to Zamanat’s broader platform and market ambition and not to the Fund.

About Zamanat

Zamanat is building the global market for Digital Shariah Assets. The company connects asset originators with global capital through investment structuring, Shariah expertise, regulated partner routes, tokenization and distribution across traditional and digital channels.

Zamanat also sponsors and develops institutional investment products through appropriately licensed partners. Each product follows its own legal and regulatory framework and, where presented as Shariah-aligned, its own product-specific Shariah review and governance process. Website: www.zamanathq.com

Contact

Global Head of PR & Communications
Katarzyna Kosior
disrupt.com
info@zamanathq.com

Dubai, UAE, September 10th, 2026, Chainwire

Zamanat Fund CEIC Limited is the company’s first live proof point for regulated fund tokenization on ZIGChain focused on GCC private credit.

Zamanat today announced its sponsorship of Zamanat Fund CEIC Limited (the “Fund”), a DIFC-domiciled tokenized private credit fund with a target size of up to USD 100 million. The Fund targets the GCC’s estimated $250 billion SME financing gap, with only 11 percent of SMEs across the region having access to credit.

Closing a $250 billion structural gap in GCC SME credit

Across the GCC, SMEs are central to economic growth yet remain significantly underserved by traditional financing. In the UAE, SMEs generate more than half of GDP and employ the majority of the private-sector workforce, yet receive less than 10 percent of total bank lending.

The Fund will invest in private credit across the region, directing capital towards strong homegrown companies whose financing needs are not fully met through traditional lending channels. The strategy supports national ambitions to expand SME participation, private-sector growth and access to alternative financing, including priorities set out under Saudi Arabia’s Vision 2030 and the UAE Centennial 2071.

“Strong businesses across the GCC still struggle to access growth capital despite sound fundamentals. Zamanat sponsored the Fund to create a credible route between those businesses and institutional capital. With a target size of up to USD 100 million and interests issued as Investment Tokens, it is our first live proof point for bringing GCC private credit into a regulated digital structure for Professional Clients,” said Umair Tariq, Founder and CEO of Zamanat.

Bringing GCC private credit into digital markets

Tokenization expands the infrastructure around traditionally hard-to-access private-market assets without changing the underlying investment or credit profile.

The Fund combines a regional private credit strategy, a DIFC fund structure, institutional administration and digital issuance on ZIGChain. It provides a first live demonstration of how regional private credit can be brought into a DFSA-regulated tokenized structure for Professional Clients.

The Fund is a DFSA-regulated closed-ended fund registered as an Exempt Fund and classified as a Credit Fund. It is managed by Truleum Venture Partners Limited and administered by Apex Group. Fund interests will be issued as ZM1 Investment Tokens on ZIGChain within a regulated, whitelisted environment.

As sponsor, Zamanat brings its regional private credit, investment structuring and institutional partnership expertise to the Fund’s development. Truleum retains responsibility for all regulated fund-management activities.

The ZM1 Investment Token structure provides a blockchain-native ownership and settlement layer within the Fund’s regulated framework. It also allows qualifying investors who meet the DFSA Professional Client criteria to participate alongside institutional investors.

Zamanat is backed by Disrupt.com, a MENA-based, operator-led AI-native venture builder and lead investor in the business.

Building the global market for Digital Shariah Assets

Global Islamic finance assets are projected to reach $9.7 trillion by 2029, yet demand for digital and Shariah-aligned assets is growing faster than the institutional infrastructure connecting them with global capital.

Zamanat continues to build the global market for Digital Shariah Assets. Its wider operating model combines investment structuring, Shariah expertise, regulated partner routes and digital distribution to bring real-world assets to market through traditional and digital channels.

The DIFC-domiciled Fund evidences the regulated fund-tokenization, digital ownership and partner-orchestration capability within that wider build. Zamanat is progressing a separate pipeline of Digital Shariah Assets across private credit, receivables, real estate and other asset classes.

Institutional partnerships

Apex Group acts as Fund Administrator, providing institutional fund administration and controls from the outset.

“Zamanat is supporting the creation of a new category in Digital Assets. Bringing institutional structure and digital distribution together within a DFSA-regulated framework sets the standard for how this market should be built, and this fund shows the model working at institutional scale. We are proud to support the infrastructure behind it, and we look forward to partnering further on the projects Zamanat already has in motion,” said Peter Hughes, Founder & CEO, Apex Group.

The global market for Digital Shariah Assets does not yet exist as an institutional category. Zamanat is building it.

Notes to Editors

Sources

LSEG and ICD, 2025 Islamic Finance Development Indicator Report, 14 October 2025 (global Islamic finance assets projected to reach $9.7 trillion by 2029); World Bank, Competition in the GCC SME Lending Markets: An Initial Assessment (estimated $250 billion GCC SME credit gap; 11 percent of SMEs with access to credit); Kearney, GCC Retail Banking Radar 2024.

Investor notice

This communication as related to Zamanat Fund CEIC Limited is approved by Truleum Venture Partners Limited in the DIFC (DFSA License Number: F008013).

This release is for information only. It is not an offer, invitation or recommendation to subscribe for interests in Zamanat Fund CEIC Limited or acquire ZM1 Investment Tokens. Any participation will be made only through the Fund Manager, final offering documents and applicable Professional Client eligibility requirements. For avoidance of doubt, this communication is intended for and directed only to investors who meet the requirements to be considered Professional Clients as specified under the Dubai Financial Services Authority Conduct of Business Rulebook, Rule 2.3.3. The Fund is an ‘Exempt Fund’. Accordingly, the ZM1 Investment Tokens are available only to Professional Clients.

This release and the information contained herein does not constitute, and is not intended to constitute, a public offer of securities in any other jurisdiction and accordingly should not be construed as such. The ZM1 Investment Tokens are only available to a limited number of investors from the DIFC. The ZM1 Investment Tokens have not been approved by or licensed or registered with any other relevant licensing authority or governmental agency. No transaction will be concluded in onshore UAE outside the DIFC.

The Fund is not an Islamic Fund and is not marketed as Shariah-compliant. References to Shariah in this release relate to Zamanat’s broader platform and market ambition and not to the Fund.

About Zamanat

Zamanat is building the global market for Digital Shariah Assets. The company connects asset originators with global capital through investment structuring, Shariah expertise, regulated partner routes, tokenization and distribution across traditional and digital channels.

Zamanat also sponsors and develops institutional investment products through appropriately licensed partners. Each product follows its own legal and regulatory framework and, where presented as Shariah-aligned, its own product-specific Shariah review and governance process. Website: www.zamanathq.com

Contact

Global Head of PR & Communications
Katarzyna Kosior
disrupt.com
info@zamanathq.com

Dubai, UAE, September 10th, 2026, Chainwire

Zamanat Fund CEIC Limited is the company’s first live proof point for regulated fund tokenization on ZIGChain focused on GCC private credit.

Zamanat today announced its sponsorship of Zamanat Fund CEIC Limited (the “Fund”), a DIFC-domiciled tokenized private credit fund with a target size of up to USD 100 million. The Fund targets the GCC’s estimated $250 billion SME financing gap, with only 11 percent of SMEs across the region having access to credit.

Closing a $250 billion structural gap in GCC SME credit

Across the GCC, SMEs are central to economic growth yet remain significantly underserved by traditional financing. In the UAE, SMEs generate more than half of GDP and employ the majority of the private-sector workforce, yet receive less than 10 percent of total bank lending.

The Fund will invest in private credit across the region, directing capital towards strong homegrown companies whose financing needs are not fully met through traditional lending channels. The strategy supports national ambitions to expand SME participation, private-sector growth and access to alternative financing, including priorities set out under Saudi Arabia’s Vision 2030 and the UAE Centennial 2071.

“Strong businesses across the GCC still struggle to access growth capital despite sound fundamentals. Zamanat sponsored the Fund to create a credible route between those businesses and institutional capital. With a target size of up to USD 100 million and interests issued as Investment Tokens, it is our first live proof point for bringing GCC private credit into a regulated digital structure for Professional Clients,” said Umair Tariq, Founder and CEO of Zamanat.

Bringing GCC private credit into digital markets

Tokenization expands the infrastructure around traditionally hard-to-access private-market assets without changing the underlying investment or credit profile.

The Fund combines a regional private credit strategy, a DIFC fund structure, institutional administration and digital issuance on ZIGChain. It provides a first live demonstration of how regional private credit can be brought into a DFSA-regulated tokenized structure for Professional Clients.

The Fund is a DFSA-regulated closed-ended fund registered as an Exempt Fund and classified as a Credit Fund. It is managed by Truleum Venture Partners Limited and administered by Apex Group. Fund interests will be issued as ZM1 Investment Tokens on ZIGChain within a regulated, whitelisted environment.

As sponsor, Zamanat brings its regional private credit, investment structuring and institutional partnership expertise to the Fund’s development. Truleum retains responsibility for all regulated fund-management activities.

The ZM1 Investment Token structure provides a blockchain-native ownership and settlement layer within the Fund’s regulated framework. It also allows qualifying investors who meet the DFSA Professional Client criteria to participate alongside institutional investors.

Zamanat is backed by Disrupt.com, a MENA-based, operator-led AI-native venture builder and lead investor in the business.

Building the global market for Digital Shariah Assets

Global Islamic finance assets are projected to reach $9.7 trillion by 2029, yet demand for digital and Shariah-aligned assets is growing faster than the institutional infrastructure connecting them with global capital.

Zamanat continues to build the global market for Digital Shariah Assets. Its wider operating model combines investment structuring, Shariah expertise, regulated partner routes and digital distribution to bring real-world assets to market through traditional and digital channels.

The DIFC-domiciled Fund evidences the regulated fund-tokenization, digital ownership and partner-orchestration capability within that wider build. Zamanat is progressing a separate pipeline of Digital Shariah Assets across private credit, receivables, real estate and other asset classes.

Institutional partnerships

Apex Group acts as Fund Administrator, providing institutional fund administration and controls from the outset.

“Zamanat is supporting the creation of a new category in Digital Assets. Bringing institutional structure and digital distribution together within a DFSA-regulated framework sets the standard for how this market should be built, and this fund shows the model working at institutional scale. We are proud to support the infrastructure behind it, and we look forward to partnering further on the projects Zamanat already has in motion,” said Peter Hughes, Founder & CEO, Apex Group.

The global market for Digital Shariah Assets does not yet exist as an institutional category. Zamanat is building it.

Notes to Editors

Sources

LSEG and ICD, 2025 Islamic Finance Development Indicator Report, 14 October 2025 (global Islamic finance assets projected to reach $9.7 trillion by 2029); World Bank, Competition in the GCC SME Lending Markets: An Initial Assessment (estimated $250 billion GCC SME credit gap; 11 percent of SMEs with access to credit); Kearney, GCC Retail Banking Radar 2024.

Investor notice

This communication as related to Zamanat Fund CEIC Limited is approved by Truleum Venture Partners Limited in the DIFC (DFSA License Number: F008013).

This release is for information only. It is not an offer, invitation or recommendation to subscribe for interests in Zamanat Fund CEIC Limited or acquire ZM1 Investment Tokens. Any participation will be made only through the Fund Manager, final offering documents and applicable Professional Client eligibility requirements. For avoidance of doubt, this communication is intended for and directed only to investors who meet the requirements to be considered Professional Clients as specified under the Dubai Financial Services Authority Conduct of Business Rulebook, Rule 2.3.3. The Fund is an ‘Exempt Fund’. Accordingly, the ZM1 Investment Tokens are available only to Professional Clients.

This release and the information contained herein does not constitute, and is not intended to constitute, a public offer of securities in any other jurisdiction and accordingly should not be construed as such. The ZM1 Investment Tokens are only available to a limited number of investors from the DIFC. The ZM1 Investment Tokens have not been approved by or licensed or registered with any other relevant licensing authority or governmental agency. No transaction will be concluded in onshore UAE outside the DIFC.

The Fund is not an Islamic Fund and is not marketed as Shariah-compliant. References to Shariah in this release relate to Zamanat’s broader platform and market ambition and not to the Fund.

About Zamanat

Zamanat is building the global market for Digital Shariah Assets. The company connects asset originators with global capital through investment structuring, Shariah expertise, regulated partner routes, tokenization and distribution across traditional and digital channels.

Zamanat also sponsors and develops institutional investment products through appropriately licensed partners. Each product follows its own legal and regulatory framework and, where presented as Shariah-aligned, its own product-specific Shariah review and governance process. Website: www.zamanathq.com

Contact

Global Head of PR & Communications
Katarzyna Kosior
disrupt.com
info@zamanathq.com