Blockchain Press Releases
Benchmark Celebrates Grand Reopening of its World Class Engineering and Manufacturing Facility in Almelo, Netherlands
Benchmark Almelo Experienced Rapid Growth Over the Last Five Years Facilitating the Need for the Expansion, Which is Complete and Unveiled Today
TEMPE, Ariz., June 23, 2023 /PRNewswire/ — Benchmark Electronics, Inc. (NYSE: BHE), a global provider of engineering, design, and manufacturing services, today celebrated the grand reopening of its facility in Almelo, Netherlands serving customers across the aerospace and defense, industrial, medical and semiconductor capital equipment industries. While the facility was never closed during the renovations, Benchmark is calling it a Grand Reopening due to a complete revitalization of the facility with extensive expansions and upgrades throughout. The company celebrated the Grand Reopening of Almelo on Friday, June 23, alongside Almelo Mayor Arjen Gerritsen, key customers, and a host of partners, suppliers, and dignitaries.
“Benchmark’s Almelo facility is a critical site in our global network that is home to our two Centers of Excellence – Fluid Management and Electromechanical Systems- as well as a wealth of expertise in other technologies critical to the industries we serve,” said Jeff Benck, president and CEO, Benchmark. “This revitalization adds space for more customer’s projects, brand new capabilities and technologies, improves the site’s carbon footprint, and enhances the quality of life for our rapidly growing talent base in the region. The entirety of Benchmark celebrates with Herman Bartelink, Vice President Europe Operations and John Perik, Vice President Development Engineering and their teams today.”
To facilitate a rapid increase in customer projects and production over the last five years, Benchmark Almelo has had to grow its talent by 25% – expanding from 480 employees in 2018, to 650 today. This growth led Benchmark’s leadership team to invest in the revitalization of the facility to increase and better utilize space. This included creating purpose-built spaces for employee activities, customer collaboration, 3D modeling, new product builds, expanded testing, employee training, and more.
“It is an honor to welcome our customers, partners, suppliers, and the greater Almelo community to our ‘new’ facility,” said Bartelink. “We have built an incredible team across a broad range of skills who are producing excellent value for our customers, while demand for our product realization services has grown exponentially. Today, we’re thrilled to celebrate our Grand Reopening and unveil the updated Almelo site.”
The renovations are highlighted by the site’s 4,000 m2 expansion, which includes a 3,000 m2 increase to the production floor and a new Design Center of Innovation to host interactive concept and design projects with customers. Benchmark also reorganized to enable a more efficient material and production flow. Technology investments include a new 3D rapid prototyping printing lab, prototyping lab enhancements, installation of a major EMC pre-compliance test lab, improvements to the site’s ISO Class 6 and 7 cleanrooms. Additional upgrades and investments include:
- Upgraded Calibration Lab
- Improved and Expanded Tester Build Area
- New Production Lines
- New Product Demo Space
- New Employee Training Facility
“We are pleased to be able to facilitate such a wonderful, modern design environment that motivates and inspires our employees to provide the very best for our customers,” said Perik. “With these renovations, we’re taking Benchmark’s product realization services to the next level here in Europe by providing a space where engineers and manufacturers can collaborate closely and work with the latest technology available. Our customers will be delighted by the opportunity to work with us in this new space.”
In continued pursuit of its sustainability goal of reducing the company’s carbon footprint, the site has also incorporated several features to improve energy efficiency. This includes better insulation, triple glass windows, more efficient heating, solar cells to power the heat/cooling pump, and LED lighting throughout the facility. With these improvements, Almelo was able to achieve a 30% reduction in energy consumption per square meter.
“In Almelo, numerous renowned companies make unique international contributions to the development and production of high-tech applications. From sustainable energy concepts to robotics and from efficient health technology to smart logistics,” said Almelo Mayor Arjen Gerritsen. “Benchmark Almelo has been part of this range of wonderful companies for years. In our city and region, we are proud of these companies, which invest in top talent, high-quality employment and continuous innovation. The renovation and reopening of Benchmark Almelo marks a new highlight of how technological entrepreneurship, global trade, and regional employment come together.”
To learn more about Benchmark Almelo and the new site features, please visit the website at https://www.bench.com/almelo-the-netherlands.
About Benchmark Electronics, Inc.
Benchmark provides comprehensive solutions across the entire product lifecycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain, and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next-generation communications, complex industrials, medical, and semiconductor capital equipment. Benchmark operates in eight countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
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Blockchain Press Releases
Movement Network Foundation Announces REX-Osprey™ Funds Files for First U.S. Movement ETF as Public Mainnet Beta Launches
First Movement ETF Filing Will Provide U.S. Investors with Exposure to Movement Ecosystem
GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced that REX-Osprey has filed for a new exchange-traded fund (ETF) focused on $MOVE. If approved, this ETF would be the first providing exposure to Movement through traditional financial rails. Simultaneously, the Foundation announced the successful launch of Movement Public Mainnet Beta, with $250M in at-launch Total Value Locked (TVL) from its Cornucopia program.
“This filing represents a historic moment not just for Movement, but for the entire Move landscape,” said Rushi Manche, Co-Founder of Movement Labs. “Breaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation.”
“Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” noted Cooper Scanlon, Co-Founder of Movement Labs. “This ETF represents the convergence of innovative financial products with cutting-edge blockchain architecture.”
ETF Provides Traditional Market Access to $MOVE
The Move programming language, originally developed by Meta, empowers Movement developers to create more efficient, more secure smart contracts. If approved, the ETF would allow investors to gain exposure to Movement through traditional brokerage accounts and retirement vehicles without the technical complexities of direct token management.
Public Mainnet Beta Launches with Substantial Liquidity
Concurrent with the ETF filing announcement, Movement Network Foundation has successfully launched its Public Mainnet Beta with $250M in Total Value Locked (TVL). This day-one liquidity provides the network with immediate utility.
The Public Mainnet Beta enables permissionless smart contract deployment, full user onboarding, and Ethereum settlement. It gives users and builders the full benefits of Move and the MoveVM. Users can access the network through the canonical Movement bridge powered by LayerZero.
For more information about Movement Public Mainnet Beta, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.
About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.
MEDIA CONTACT
Carmen Pearson
Head of PR & Communications
Movement Labs
[email protected]
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Blockchain Press Releases
Market Needs a Stronger Boost than Trump’s Crypto Strategic Reserve: New Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, March 10, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives analytics report with Block Scholes as President Trump signed the executive order to establish a strategic BTC reserve on Thursday.
In the first week of March, crypto market movements suggested traders had digested the positive news and pulled towards bearish territories with a declining S&P 500 and growing skepticism surrounding ETH and SOL. This waning enthusiasm is evidenced by a notable increase in demand for short-term protective options as investors seek to mitigate potential risks in the evolving market landscape.
Key Highlights:
- Stable Funding Rates: Following President Trump’s announcement on Mar. 2, the spot prices of involved cryptocurrencies surged. However, funding rates for these assets have not reached extreme levels, remaining relatively stable compared to highs seen prior to Trump’s inauguration. This suggests a balanced demand for long positions, indicating subdued short interest in the market.
- Volatility in ETH Options: The enthusiasm surrounding ETH was quickly tempered as ongoing tariff discussions contributed to bearish market sentiment. This has resulted in a notable increase in realized volatility, surpassing options-implied levels. As traders seek protection, the market has seen a shift in short-term volatility towards puts, reflecting a cautious outlook.
- Decline in SOL Open Interest: The report also notes a decrease in open interest for Solana options at the end of February. Despite the inclusion of SOL in the proposed crypto reserve, open interest has not seen a corresponding uptick, with a majority of new positions still favoring calls, albeit at a lackluster pace.
Access the Full Report
For detailed insights, readers may download the full report.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
AB is Now Listed on Hotcoin and Set to Launch on Gate, BitMart, Lbank, and Biconomy
SINGAPORE, March 9, 2025 /PRNewswire/ — On March 8, 2025, AB DAO announced that $AB has officially been listed on Hotcoin (hotcoin.com) at 18:00 (UTC+8), further expanding its global trading network and driving AB’s adoption in the Web3 ecosystem. Additionally, $AB is set to be listed on four more major exchanges: Gate (gate.io), BitMart (bitmart.com), Lbank (lbank.com), and Biconomy (biconomy.com), significantly enhancing AB’s global liquidity and ecosystem reach.
AB Trading Details
Trading Pair: AB/USDT
Deposit Opening: March 7, 2025, 12:00 (UTC+8)
Trading Opening: March 8, 2025, 18:00 (UTC+8)
Hotcoin Official Announcement:
https://www.hotcoin.com/zh_CN/support/article/?id=25704168485425152&code=25704168485163008&catalogCode=19112597563772928
AB DAO Ecosystem Continues to Expand
With the Hotcoin listing, users can now trade $AB on the following exchanges:
Bitget (bitget.com)
HTX (htx.com)
MEXC (mexc.com)
BingX (bingx.com)
Hotcoin (hotcoin.com)
4E (eeee.com)
Gate (gate.io) (Coming Soon)
BitMart (bitmart.com) (Coming Soon)
Lbank (lbank.com) (Coming Soon)
Biconomy (biconomy.com) (Coming Soon)
The listing of $AB on Hotcoin marks another major step in AB DAO’s global expansion strategy. In the coming months, AB will continue listing on more exchanges, expanding its ecosystem use cases and accelerating worldwide adoption.
AB DAO’s Goal: 100 Million $AB Holders
Now is the time to join the movement—unite, strengthen the community, and drive the expansion of the AB ecosystem. The mission is clear: onboard tens of millions of users and build a decentralized future together.
Stay Updated with AB DAO
Official Website: https://ab.org
Telegram Global Community: https://t.me/Newtonproject
Telegram Chinese Community: http://t.me/ABgonglian
Telegram English Channel: https://t.me/AB202528
X (Twitter): https://x.com/ABDAO_Global
Discord: https://discord.gg/BSbgK6J
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