SGX-Listed Mooreast Appoints Norwegian Eirik Ellingsen as CEO to Drive Growth in Global Floating Offshore Wind Market ACN Newswire

SGX-Listed Mooreast Appoints Norwegian Eirik Ellingsen as CEO to Drive Growth in Global Floating Offshore Wind Market

SINGAPORE, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - Mooreast Holdings Ltd. (“Mooreast” or the “Group”), announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide.Mr Eirik Ellingsen’s appointment, which will begin 1 January 2025, comes amid the growing commercialisation of floating offshore renewable energy projectsMr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over from Mr Sim Koon Lam, the founder, who will continue to serve as Executive Director and Deputy Chairman of the Group.Mooreast is a total mooring solutions specialist and Asia’s only ultra-high power anchor manufacturer primarily serving the offshore renewable energy, offshore oil & gas and marine industries. With operations in Singapore and the Netherlands, the Group is establishing a manufacturing facility in Aberdeen, Scotland, and is making forays into the North East Asia market.In June 2024, the Group announced that it was acquiring 60 Shipyard Crescent from a subsidiary of Seatrium Limited. The acquisition increases Mooreast’s total land area to 129,609 sqm (approx. 1.4 million sqft) and quadruples its production capacity to produce enough subsea foundation to support between 1.5 gigawatts (“GW”) to 2GW of floating offshore wind energy per annum compared to its current capacity of 0.5GW.Mr Ellingsen, who is also a resident of Singapore, brings over 35 years of experience to the role. He is currently serving as Director of Offshore Wind in the Asia Pacific at independent non-profit foundation Norwegian Energy Partners (“Norwep”). In that role, he built strong relationships with the global offshore wind industry across South Korea, Japan, Taiwan, the Philippines, Vietnam and Australia. His last day at Norwep will be 31 December 2024.Before joining Norwep, Mr Ellingsen held several key roles in the global offshore industry. Notably, he served as Group Executive Director for Ferguson Group Ltd, where he oversaw its global container and modular business, and established its Singapore operations in 2008. He also founded Norway-based Ferdocean AS in 2018 which was sold in 2022. Following the sale, he was appointed Non-Executive Director of Ferdocean AS, where he provided strategic operational oversight of the business.Mr Ellingsen holds certifications in Business Sustainability Management from the University of Cambridge, Leadership and Competence Development for Board and Committee Members from the University of Stavanger and in Foundation Program in Business Administration from the BI Norwegian School of Management. Additionally, he is a certified ISO 9001, 14001, 27001 Lead Auditor through the Knowledge Academy.Mr Ellingsen’s appointment comes amid the growing commercialisation of floating renewable energy projects, which are moving further offshore to deeper waters, driving demand for advanced mooring solutions such as anchoring techniques and synthetic mooring lines.Floating wind farm developers require an innovative partner with a reliable network of suppliers and manufacturing capabilities to reduce costs and address supply chain challenges. This presents Mooreast with a strong opportunity to offer its cutting-edge mooring solutions.Mooreast said it would leverage on Mr Ellingsen’s extensive expertise and network within the offshore wind industry to capture business opportunities, as the Group positions itself as a key player in the global floating offshore wind market.Commenting on the appointment, Mr Sim Koon Lam said, “We are delighted to welcome Mr Ellingsen to the team; his experience, strong track record and deep industry knowledge and network will further accelerate our push towards the floating offshore renewable sector. We are confident he will strengthen our strategic direction, propel the Group to the next level and deliver long-term value to our shareholders.”Mr Eirik Ellingsen said “I am deeply honoured and excited to take on the role of CEO at Mooreast. I look forward to working with the Mooreast team to implement key transformation strategies to build momentum and achieve the Group’s long-term vision of becoming the leading mooring solutions provider within the floating renewable energy sector.”Leveraging more than 30 years of mooring and offshore marine expertise, Mooreast total mooring solutions include the design, engineering and fabrication of specialist anchors and equipment, as well as geotechnical and geophysical studies such as soil data analysis to determine project feasibility and engineering design for mooring configuration for floating wind turbines. The Group also incorporated Mooreast Taiwan in May 2024 and Mooreast Malaysia in July 2024.This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, W Capital Markets Pte. Ltd. (the “Sponsor”). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.The contact person for the Sponsor is Ms Alicia Chang, Registered Professional, W Capital Markets Pte. Ltd., at 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3525.Issued for and on behalf of Mooreast Holdings Ltd. by WeR1 Consultants Pte Ltd.About Mooreast Holdings Ltd.Mooreast is a total mooring solutions specialist, serving mainly the offshore renewable energy, offshore oil & gas (“O&G”) and marine industries, with operations primarily in Singapore, the Netherlands through its wholly-owned subsidiary in Rotterdam Mooreast Europe, and offices based in Scotland, Taiwan and Malaysia.Mooreast’s solutions include the design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems. Mooreast is applying its experience and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe.For more information, please visit https://mooreast.com/Media & Investor Contact InformationWeR1 Consultants Pte Ltd1 Raffles Place #02-01One Raffles Place Mall Suite 332Singapore 048616Isaac Tang, mooreast@wer1.net (M: +65 9748 0688) Copyright 2024 ACN Newswire via SeaPRwire.com.
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DesignInspire opens on December 5, with free admission for the public ACN Newswire

DesignInspire opens on December 5, with free admission for the public

- DesignInspire will return from 5 to 7 December, and will be fully open to design industry and the public with complimentary admission for three consecutive days, featuring multiple photo spots and immersive art experiences.- Paris’ prestigious design authority Maison&Objet will present an impressive immersive showcase.- The Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will showcase seven exceptional creative partnerships between Hong Kong design masters and emerging talents.- A full-scale red minibus facade showcasing iconic calligraphy by traditional minibus sign writer Mak Kam-sang and renowned hand-painted sign artist Katol.- InnoTalks forum brings together international design experts to share the latest design trends and forward-looking perspectives; multiple creative workshops covering STEAM education, traditional crafts, and innovative technology.HONG KONG, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - DesignInspire, organised by the Hong Kong Trade Development Council (HKTDC), co-organised by the Hong Kong Design Centre (HKDC), and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will be held on 5-7 December at the Hong Kong Convention and Exhibition Centre (HKCEC). The exhibition will be fully open with complimentary admission for design industry players and the public throughout the three-day event. Under the theme of "Design for a Better Tomorrow", this year's exhibition marks a milestone strategic partnership with globally renowned interior design trade fair creator Maison&Objet, bringing together local and international design luminaries to create a unique experiential journey for both industry professionals and the public. The Business of Design Week Summit 2024, organised by HKDC, will run concurrently on 2-7 December and 4-6 December respectively, creating a perfect synergy with DesignInspire.Stephen Liang, Assistant Executive Director of the HKTDC, said: "As an internationally acclaimed centre of design excellence in Asia, Hong Kong has always played a vital role in promoting global creative industry development. DesignInspire, as an important creative design platform in Asia, this year features an extensive programme of designated photo spots and immersive art installations. It is expected to attract over 200 exhibitors from Mainland China, the Czech Republic, France, Japan, Taiwan, Thailand and Hong Kong, showcasing global innovative design trends. The first-time strategic partnership with France's prestigious design fair Maison&Objet further emphasises Hong Kong’s strategic positioning as an East-meets-West centre for international cultural exchange, creating a new driving force to stimulate further growth and development of the cultural and creative industries in Hong Kong."Explore French creative and design excellenceThe globally renowned Maison&Objet, a premier platform for international design, interior decoration, and lifestyle, has signed an MOU with the HKTDC and is making its Hong Kong debut. The collaboration features the Maison&Objet Factory, a 1,000-square-metre immersive showcase that presents cutting-edge design trends while reinforcing Hong Kong's role as Asia's design capital. The exhibition area is divided into five unique zones conceived by master curators: “Nature, the Muse!”, “Conscious Staging”, “Precious Matters”, “Shades of Sustainability” and “Terra Cosmos: spaces full of future promise”, each interpreting "conscious design" from its own unique perspective. “Nature, the Muse!” curated by internationally renowned Chinese contemporary designer Jiang Qiong Er, features selected works by 10 prestigious French artisans from Les Lauréats de l'Intelligence de la Main® and nine Chinese master craftsmen, demonstrating the exceptional craftsmanship of both East and West.Additionally, DesignInspire will also work with several French institutions to present an array of prestigious French brands, including Baccarat and LALIQUE. A highlight includes Baccarat's exclusive crystal chandelier collaboration with Hong Kong design maestro Steve Leung, featuring blue-and-white porcelain elements.Future Archive showcases Hong Kong creativity and cross-generational dialogueThe Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will present groundbreaking collaborative works between Hong Kong's veteran design masters and rising talents. The showcase features seven exceptional creative partnerships, including graphic design master and ink painter Kan Tai-keung with printmaker and tattoo artist Li Ning; international architectural designer Steve Leung with new media artist Chris Cheung / XPLOR; sculptor Johnson Tsang with emerging Hong Kong artist Kila Cheung; watch designer Joe Kwan with sculptural visual effects designer Ram2; wood carving master craftsman Siu Ping-keung with woodwork craftsman Chow Kin-lung; neon light craftsman Wu Chi-kai with woodwork art brand Start From Zero; and master minibus sign writer Mak Kam-sang with hand-painted signage artist Katol. The exhibition features a life-sized red minibus facade showcasing their iconic calligraphic artistry. These cross-disciplinary collaborations between seasoned design masters and a new generation of artists, exemplifies the perfect balance of tradition and innovation, highlighting Hong Kong design's unique appeal in combining international perspectives with local characteristics.Interactive art tech zone and local design showcaseThe exhibition features a dedicated art tech interactive zone, presenting creative performances by renowned local watercolour artist Pei Chung and real-time visual artist moon.noon. Pei Chung's exhibition not only showcases his signature jellyfish motifs but also incorporates Hong Kong's most iconic urban symbols, including dazzling neon signs, street-traversing trams and minibuses, and local culinary delights like pineapple buns. The exhibits incorporate interactive elements, allowing visitors to experience the creative fusion of watercolour art and digital technology.Real-time visual artist moon.noon brings an immersive art installation “Echoes of Urban Pulse”. The work consists of two installations. “Urban Mirage” which uses optical and sound data recorded on Hong Kong streets to present the city’s distinctive landscapes like Causeway Bay's Yee Wo Street Bridge and Central's Edinburgh Place pedestrian tunnel through over 2,000 different light states, offering visitors a unique sensory experience. The second installation, “Streetlight Sonata”, is an interactive art installation incorporating Hong Kong street light elements, with backgrounds changing according to visitors' movements and steps, creating unique light and shadow effects.Several renowned local design institutions will also participate in DesignInspire. The Hong Kong Design Institute will showcase its project Motifx, featuring distinctive household items using Chinese classical floral patterns, demonstrating the unique charm of traditional patterns in stylish homes and daily life. The HKDC Pavilion by Hong Kong Design Centre will display approximately 20 creations from the Fashion Incubation Programme (FIP) and Design Incubation Programme (DIP), along with over 200 DFA Design Award-winning works.Demonstrating the remarkable strength of local design, this year's DesignInspire will feature a Hong Kong Design On Stage zone, showcasing eight local design teams that won the Hong Kong section competition at Paris' Maison&Objet, including: Studio Yellowdot, Studio-Ryte, Hintegro Limited, Green & Associates (HK) Limited, @StreetsignHK, Monica Tsang Designs Limited, MLKK Design Studio Limited, and BEAU Architects.As a unique business-to-all platform for Hong Kong's creative industry, DesignInspire serves not only as a bridge connecting Hong Kong with the international design community but also a creative exchange platform that fosters collaboration among various stakeholders. The innovative works and concepts presented by event exhibitors not only showcase the latest design trends, they also emphasise how these innovations can be applied in business, providing rich inspiration and fresh ideas for various industries, particularly those focused on customer experience, such as real estate developers, retail, and service sectors (including hotels, shopping malls, chain restaurants, clubs, and airlines). Through advancements in spatial design, product design, material applications, and art technology, these industries can enhance their brand image and customer experience, ultimately attracting more consumers.Design seminars and workshops promoting Hong Kong craftsmanshipTo foster design innovation and exchange, the exhibition features InnoTalks with approximately 12 sessions by design experts from various countries and regions. Topics include font design, Xiaohongshu marketing, design trends promoting inclusion and social responsibility, future design: conscious design, storytelling through Bohemian glass, Chinese patterns and modern design, among other engaging subjects that stimulate creative thinking. The Design Council of Hong Kong will also hold the D-Mark certification ceremony and sharing session.This year's DesignInspire engages professionals, design enthusiasts, and the public through exhibitions, seminars, and workshops. The exhibition features diverse interactive experience zones and creative workshops, including art design and traditional crafts, where visitors can create Hong Kong-style iced lemon tea candles and cultural heritage bamboo coasters. STEAM education workshops offer Logiblocs programming and AR drawing activities to inspire innovative thinking. The venue also includes design select store in the Shop zone, featuring collectors' items from designers and brands, offering visitors the opportunity to purchase unique design pieces to add fashion and elegance to their own homes. Click here for registration.Additionally, three major events - the Business of IP Asia Forum, Entrepreneur Day and Start-up Express: International Edition 2024, will be held concurrently with DesignInspire at the Hong Kong Convention and Exhibition Centre on 5-6 December, creating synergy and business opportunities. Participants can also explore cooperation opportunities through one-on-one business matching to meet with various design service companies.DesignInspire DetailsDate: 5-7 December, 2024 (Thursday to Saturday)Time: 5-6 December 9:30am - 7:30pm 7 December 9:30am - 7:00pmVenue: Hall 3DE, Hong Kong Convention and Exhibition CentreFee: Free admission with registrationEvent website: https://designinspire.hktdc.com Photo download:DesignInspire organised by the HKTDC, co-organised by Hong Kong Design Centre (HKDC) and sponsored by the Cultural and Creative Industries Development Agency (CCIDA), will return on 5-7 December.DesignInspire has formed its first strategic partnership with France's prestigious design fair Maison&Objet, which will present its first exhibition in Hong Kong, the Maison&Objet Factory.The design of Future Archive Kan Tai Keung’s artwork Li Ning’s artworkThe Future Archive, curated by award-winning designer and cross-disciplinary artist Chilai Howard, will showcase creative collaborations between seven pairs of veteran Hong Kong design masters and emerging talents, such as “Creating the Future” X “Big Steps” by Kan Tai Keung and Li Ning. Works by master minibus sign writer Mak Kam-sang and renowned hand-painted signage artist Katol. The duo will create their iconic handwritten typography "Better Future" on a life-sized red minibus facade, to echo this year's DesignInspire theme. The work will be displayed in the Future Archive pavilion during the exhibition.The exhibition features an art tech interactive zone, presenting works by renowned local watercolour artist Pei Chung and real-time visual artist moon.noon. Pei Chung's exhibits incorporate Hong Kong's most iconic urban symbols with interactive elements, allowing visitors to experience the creative fusion of watercolour art and digital technology.Real-time visual artist moon.noon brings an immersive art installation, “Echoes of Urban Pulse”. The “Urban Mirage” zone uses optical and sound data collected from Hong Kong streets, to present Hong Kong's distinctive landscapes through over 2,000 different light states, while the “Streetlight Sonata” zone is an interactive art installation incorporating Hong Kong street light elements, with backgrounds changing according to visitors' movements and steps, creating unique light and shadow effects.Media enquiriesFor enquiries, please contact:Raconteur PR:Betsy TseTel: (852) 9742 7338Email:betsytse@raconteur.hkMolisa LauTel: (852) 6187 7786Email:molisalau@raconteur.hkHKTDC Communication and Public Affairs Department:Snowy ChanTel: (852) 2584 4525 Email:snowy.sn.chan@hktdc.orgJohnny Tsui Tel: (852) 2584 4395Email:johnny.cy.tsui@hktdc.orgHKTDC Newsroom:http://mediaroom.hktdc.com/enAbout the HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong ’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly SMEs, in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.About Cultural and Creative Industries Development Agency (CCIDA)The Cultural and Creative Industries Development Agency (CCIDA) established in June 2024, formerly known as Create Hong Kong (CreateHK), is a dedicated office set up by the Government of the Hong Kong Special Administrative Region (HKSAR Government) under the Culture, Sports and Tourism Bureau to provide one-stop services and support to the cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, promoting the development of arts, culture and creative sectors as industries under the industry-oriented principle, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community to implement Hong Kong’s positioning as the East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.CCIDA’s website: www.ccidahk.gov.hk.About BODWBusiness of Design Week (BODW), Asia’s premier annual event on design, innovation and brands since 2002, is organised by Hong Kong Design Centre and gathers some of the world’s foremost design masters, brand leaders and entrepreneurs from Hong Kong as well as overseas, driving discourse on the value of design and innovation to inspire global audiences and explore new business opportunities. Copyright 2024 ACN Newswire via SeaPRwire.com.
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GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry ACN Newswire

GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - November 21, 2024) -Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of SUPER G®, a graphene slurry which can be used to enhance the performance of lithium-ion batteries. This breakthrough product has the potential to reshape the future of energy storage, offering battery manufacturers an innovative solution that optimizes efficiency, power, and longevity.Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpgUnleashing the Power of GrapheneSUPER G® is a graphene slurry which has been developed by GMG over the last 3 years for GMG's own Graphene Aluminium-Ion Battery which has unique properties of high electrical conductivity, low charge transfer resistance and high density compared to other carbon battery additives and materials used in lithium-ion batteries.The Graphene comes from GMG's self-developed graphene production system and is then processed through a number of steps in the co-located pilot plant and finally into a liquid graphene product which we believe will be able to be added into or coated onto either a customer's lithium-ion battery cathode or anode production with a 0.5-2% dosage by weight.GMG is currently engaged in confidential discussions with multiple battery manufacturers and industry players to explore the potential testing and supply of SUPER G®. These discussions underscore the growing demand for high-performance materials that can push the boundaries of energy storage technology.Exceptional Performance Confirmed by Oxford UniversityA recent study conducted by Oxford University has confirmed the exceptional performance of GMG's SUPER G®. Key findings include:SUPER G® demonstrates 2.5 times lower mean ionic resistivity compared to standard graphite, as shown in Figure 2. Lower pore ionic resistivity will improve battery efficiency, charge and discharge rates.Figure 2: Ionic Resistivity of Graphite vs. GMG SUPER G® (100 µm thick, 30% porous vs. 125 µm thick)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpgSUPER G® features multimodal particle distribution (~20 µm large particles + sub-1 µm particles), which increases energy density for more powerful, longer lasting batteries.Figure 3: Cross-Section of SUPER G® with Wide-Beam Ar+ Ion PolishingTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpgUnlike conventional materials, SUPER G® maintains its integrity during calendaring (compression onto battery foil), ensuring no significant damage to the binder layer. This is crucial for maintaining battery longevity and performance.Figure 4: Nyquist Plot of EIS Response - Calendared vs. Uncalendared SUPER G®To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpgTable 1 shows SUPER G® in comparison with the commonly used conductivity carbon additives used in lithium-ion battery industry- it shows many attractive attributes for SUPER G® including 2-3 times higher bulk density and 3 times greater surface area than the industry standard carbon additive.PropertyStandard Industry Lithium-Ion Battery Carbon AdditiveGMG SUPER G®Bulk Density 0.12-0.25 g/cm³0.3-0.4 g/cm³ Surface Area ~60 m²/g250 m²/gTypical Loading in Electrode 2-5 wt%0.5-2 wt %High-Rate PerformanceStandard applicationExcellent for very high-rate applications Table 1: Performance Comparison of GMG SUPER G® and Commonly used Conductivity AdditiveGMG's Graphene has been found to increase rate tolerance of lithium-ion batteries - which is a desirable quality that allows the battery to be charged and discharged at various rates (faster and slower) with less negative impact on the capacity of the battery.About GMG:GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries.Such forward-looking statements are based on a number of assumptions of management, including, without limitation the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries, or at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230859 Copyright 2024 ACN Newswire via SeaPRwire.com.
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neurocare Group AG Welcomes Kevin Reeder as Chief Financial Officer ACN Newswire

neurocare Group AG Welcomes Kevin Reeder as Chief Financial Officer

MUNICH, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - neurocare group AG ("neurocare" or the "Company"), a best practice platform for mental health and performance, is pleased to announce the appointment of Kevin Reeder as Chief Financial Officer of the company, from January 1st 2025.neurocare appoints Kevin Reeder as CFO starting January 2025Kevin Reeder holds an MBA from Oxford University and is currently the CEO of the venture capital firm bm|t, one of neurocare´s largest investors. Kevin has a long history in international investment management both in the US and in Europe, spanning venture capital, private equity, and publicly traded investments.Prior to joining bm|t, Kevin held key roles at INVESCO, Silvergate Capital, GVO Asset Management, and Bank am Bellevue. He also gained experience outside of the investment sector as Head of Data and Credit at M-KOPA, a high-growth company in Africa, where he led fundraising efforts, managed financial operations, and established the company's data analytics platform.Kevin joined the neurocare board at the end of 2021 and played a key role in fundraising, strategy, and M&A. He will step aside from the board to fully focus on his responsibilities as CFO, driving financial strategy and supporting neurocare's growth initiatives."We are delighted to welcome Kevin Reeder as neurocare's new CFO. Having worked with Kevin since joining the board, I have developed a deep respect and admiration for him as a business leader who understands our business and vision. Kevin's exceptional expertise and longstanding familiarity with neurocare's goals make him an ideal fit to help drive our growth and deliver value to our stakeholders," said Tristan de Boysson, Chairman of the Supervisory Board."Kevin's appointment as CFO completes neurocare's Global Leadership Team at a time of such exciting growth for our innovative company," said Thomas Mechtersheimer, Founder & CEO of neurocare. "Having worked closely with Kevin as a Board member, I am confident that his deep understanding of our business will enable us to drive neurocare's growth faster right away. On a personal note, I am much looking forward to sharing my life's professional vision and purpose with someone so energetic and equally purpose driven.""I am honored to step into the role of CFO at neurocare and to be part of such a forward-thinking company dedicated to transforming mental health and performance," said Kevin Reeder. "Having had the privilege of working with neurocare as a Board member, I have a deep appreciation for the team's vision and the positive impact we're making. I look forward to leveraging my experience to support neurocare's growth and financial strategy as we continue to expand our reach and become a global leader in mental healthcare."Contact Information:Sally RemingtonGlobal Marketing Managermedia@neurocaregroup.com+49 152 2305 8385SOURCE: neurocare group AG Copyright 2024 ACN Newswire via SeaPRwire.com.
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TGL Presented by SoFi Names SYNLawn As Official Synthetic Surface Partner, Providing 31,000 Square Feet of Turf for SoFi Center’s Tech-Infused Field of Play ACN Newswire

TGL Presented by SoFi Names SYNLawn As Official Synthetic Surface Partner, Providing 31,000 Square Feet of Turf for SoFi Center’s Tech-Infused Field of Play

DALTON, GA, Nov 21, 2024 - (ACN Newswire via SeaPRwire.com) - TGL presented by SoFi, the new, prime time team golf league backed by Tiger Woods and Rory McIlroy's TMRW Sports, announced SYNLawn as its Official Synthetic Surface Partner. SYNLawn has installed approximately 31,000 square feet of its industry-leading products across the field of play in the custom-built SoFi Center, home to TGL's upcoming season of prime time golf featuring six teams of PGA TOUR stars. Required to meet the standards of the best players in world, TGL conducted years of research to ensure the indoor, synthetic playing surface of the short-game complex was as authentic as possible compared to what these players experience regularly on professional tours."We consider the synthetic playing surface within SoFi Center to be an important part of the overall technology mix that makes TGL possible, and that commitment was underscored by more than two years of research and testing we conducted to achieve the end result," said Andrew Macaulay, Chief Technology Officer, TMRW Sports. "SYNLawn's expertise, commitment to quality, and innovative products redefined our expectations for synthetic playing surfaces and the teams of TGL players have shared high praise for the playing conditions and receptiveness of the green.""We're thrilled to partner with TGL presented by SoFi and bring SYNLawn's innovative synthetic turf solutions to such an exciting and forward-thinking sports platform. This partnership not only showcases the durability and performance of SYNLawn products, but also aligns with our commitment to advancing the future of sports and recreation," said George Neagle, President, SYNLawn. "We look forward to seeing our turf systems featured in a way that inspires athletes and fans alike, while contributing to the elevated experience TGL is creating for sports fans.""The momentum we're generating with commercial partners has been increasing significantly as we near the season launch of TGL in January. And as we pull back the veil and transition from renderings to now showcasing TGL's tech-infused playing field being played by the top golfers in the world - the intrigue about the unprecedented scale of what we're building continues to soar," said Jason Langwell, Chief Revenue Officer at TMRW Sports. "Best-in-class partners like SYNLawn are an example of a partnership that showcases not only their product directly, but how the shared values of innovation and quality merge between TGL and our partners."SYNLawn's hand-in-hand partnership with TGL is allowing their teams of pro golfers to compete on a unique system that blends technology and one-of-a-kind synthetic surfacing. For portions of TGL's competition, teams will also be hitting shots from boxes of real grass at fairway and rough length, as well as from real sand bunkers. Precision Putt™ provides advanced surfacing characteristics of speed and the truest roll possible and contributes to SoFi Center's proper bounce, check, and roll playing conditions. SYNLawn products used within TGL's technology mix also easily contours to meet the field of play's precise design specifications, including Precision Putt™, SYNTipede 243, Tee Strike, SYNSport, and SYNBlue 949. SYNLawn's GreensMaster Certificated Installers ensure clients receive best-in-class installation, design, and technical expertise.TGL presented by SoFi Media Hub:The TGL presented by SoFi Media Hub is now open, offering media members a wide selection of downloadable assets, such as explainer content; league and team logos; player and team images; schedule information; and more. Images of SYNLawn's installation within SoFi Center are also available. Register now to gain access: www.tglmediahub.comAbout TGL presented by SoFiTGL presented by SoFi features six teams of top PGA TOUR players competing in a season-long, fast-paced competition that brings golf to prime time on Mondays and Tuesdays. TGL's home is the custom-built SoFi Center, a tech-infused venue on the campus of Palm Beach State College in Palm Beach Gardens, Fla. TGL's inaugural season begins Tuesday, Jan. 7 in prime time on ESPN and ESPN+ in the U.S. and with other prominent media partners around the globe. TGL's six teams include Atlanta Drive GC, Boston Common Golf, Jupiter Links Golf Club, Los Angeles Golf Club, New York Golf Club, and The Bay Golf Club. To learn more about TGL, its teams, rosters, competitive format, and technology, visit TGL Explained.About SYNLawn®For more than 20 years, SYNLawn® has led the industry as the largest manufacturer and unrivaled innovator of artificial grass and synthetic surfacing. As part of the Sport Group Holding® family of companies, SYNLawn delivers the best products available on the market. SYNLawn's product offerings also include Calico Greens™, an upscale line of artificial wall displays. SYNLawn's turnkey network of over 120 distributors seamlessly combines environmental stewardship with industry-leading innovations. SYNLawn uses PCR content and bio-based ingredients, such as soy and sugarcane, and consumer-conscious additives, such as antimicrobials, to meet customers' wide range of needs. With more than 350,000 residential and commercial installations, the company is raising the bar for global synthetic turf standards and transforming the idea of grass. We have an award-winning, proprietary system with a large percentage of renewable content. From rooftops to road medians and rocket-launch viewing sites, SYNLawn has installed over 150 million square feet of U.S. soy-backed grass in the United States of America and over 30 other countries since 2008. SYNLawn added more soy than ever to its products in 2021. For more information, visit www.SYNLawn.com and follow on Facebook, Instagram, LinkedIn, Pinterest and YouTube.TGL presented by SoFi Media Contact:David SchaeferBusiness CommunicationsDavid.Schaefer@TMRWSportsGroup.com+46702877637 (mobile and WhatsApp)407-429-8402 (U.S. mobile)SYNLawn Media Contact and for Product Photos:Mackenzie Smith574-524-5916 (mobile)mackenzie@labearcommunications.comContact InformationSYNLawn Media Contact and for Product Photos:Mack Smithmackenzie@labearcommunications.com574-524-5916TGL presented by SoFi Media Contact:David SchaeferBusiness Communicationsdavid.schaefer@tmrwsportsgroup.com407-429-8402 (U.S. mobile)SOURCE: SYNLawn Copyright 2024 ACN Newswire via SeaPRwire.com.
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Darwinbox Rises as a Challenger in Gartner’s Magic Quadrant for Cloud HCM Suites ACN Newswire

Darwinbox Rises as a Challenger in Gartner’s Magic Quadrant for Cloud HCM Suites

MANILA, Nov 18, 2024 - (ACN Newswire via SeaPRwire.com) - Darwinbox, a globally recognized HR technology platform, has been named a Challenger in the 2024 Gartner Magic Quadrant for Cloud HCM Suites for enterprises with over 1,000 employees. This significant recognition marks Darwinbox’s continuous rise in the HR tech industry, with the company standing out as the only provider worldwide to move up a quadrant this year.Trusted by 950+ enterprises globally, today some of the largest conglomerates (top 2 out of 5), banking (top 4 out 5), retail and real estate brands in Philippines such as Security Bank, Gokongwei Group, BPI, Starbucks, URC, Filinvest, SM Prime and more are modernizing their HR with the mobile-first and agile platform. Known for its advanced AI capabilities and user-focused experience, Darwinbox is increasingly becoming the preferred choice for enterprises in the Philippines. Since its expansion to this market in 2019, the company has invested heavily in localizing its platform to meet the unique needs of businesses in the region.“Our rise to Challenger status is driven by our commitment to building a modern, global HCM platform, supported by AI-driven innovation and user-centric design.We’re leading the way with cutting-edge technologies like Gen-AI, addressing the complexities of global enterprises with multi-country payroll solutions, and continuously evolving our platform to not only solve for today’s needs but tomorrow’s challenges” said Chaitanya Peddi, Co-founder of Darwinbox. “Philippines is a digital-first market and we’ve made deep R&D investments to deliver highly localized solutions that solve for the diverse needs of businesses in the region. With a growing number of organizations experiencing the transformative impact of Darwinbox, we’re committed to doubling down on our expansion in the region”AI with Practical ImpactDarwinbox’s AI solution, Darwinbox Sense, has been instrumental in helping organizations make better, data-driven HR decisions. By embedding AI in daily workflows, Darwinbox enables Filipino organizations to gain insights into employee performance, reduce hiring biases, and understand workforce sentiment—all critical for fostering an inclusive and engaged workplace. Its intelligent tools, like conversational analytics, automated workflows, and payroll anomaly detection, deliver insights exactly when and where they’re needed.Flexible Platform for Unique Local NeedsRecognizing the need for adaptable solutions, Darwinbox’s Extensibility Suite offers Filipino HR teams the ability to tailor and automate workflows through low-code, no-code tools. This flexibility enables companies to streamline operations with minimal IT dependency, allowing HR teams to quickly respond to changing business needs.Mobile-First Design for High EngagementUnderstanding the importance of mobility in the Philippines, where many employees work remotely or in the field, Darwinbox’s platform is built to engage a diverse range of users across different work environments. Its mobile-first design ensures seamless connectivity, allowing organizations to reach every employee, from frontline workers to office-based teams, fostering a unified and engaged workforce.Talent Management for Skills DevelopmentThe platform’s talent management features, highly rated in Gartner’s report, support Filipino companies in building a robust skills-based workforce. Darwinbox’s AI-driven career planning tools and Talent Hub offer managers and employees personalized guidance for career development, helping Filipino businesses retain top talent and enhance workforce growth.For More InformationRead the blog, "Darwinbox Rises as a Challenger in 2024 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises," by Chaitanya Peddi, Co-founder, Darwinbox.Read a complimentary copy of the Gartner report on the Darwinbox website.Gartner DisclaimerGartner does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.GARTNER is a registered trademark and service mark, PEER INSIGHTS and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.Gartner, Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, 23 October 2024, Ranadip Chandra, et. Al.About DarwinboxFounded in 2015, Darwinbox is a global HR tech leader that empowers enterprises to better manage their talent with new-age employee experiences and disruptive AI-powered technology. Its cloud-based Human Capital Management (HCM) software caters to an organisation's HR needs across the entire employee lifecycle. Darwinbox is trusted by over 3 million employees from more than 900 enterprises across 130 countries. Darwinbox has been backed by global investors like TCV, Microsoft, Salesforce Ventures, Peak XV, Lightspeed and Endiya Partners among others.More at www.darwinbox.comFor media inquiries, please contact: Rishita.chiranewala@darwinbox.in Copyright 2024 ACN Newswire via SeaPRwire.com.
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JBM Healthcare Announces FY2025 Interim Results ACN Newswire

JBM Healthcare Announces FY2025 Interim Results

KEY HIGHLIGHTS- Revenue up by 22.1% to HK$399.0 million- Gross profit increased by 20.3% to HK$205.9 million- Consolidated profit attributable to equity shareholders grew by 53.4% to HK$95.9 million- Interim dividend of HK5.50 cents per share, up by 59.4% year-on-year- Flagship proprietary brands Ho Chai Kung and Po Chai Pills achieved robust growth through effective integrated sales and marketing strategies- Concentrated Chinese medicine granules (“CCMG”) business displayed solid growth momentum, contributing to operational performanceHONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - JBM (Healthcare) Limited ("JBM Healthcare" or the "Company"; Stock Code: 2161, together with its subsidiaries, the "Group"), a leading branded healthcare products marketer and distributor in Hong Kong, today announced the interim results of the Group for the six months ended 30 September 2024 ("FY2025 Interim" or the "Reporting Period").During the Reporting Period, the Group's branded healthcare business delivered exceptional performance. Revenue reached HK$399.0 million, representing a notable period-on-period growth of 22.1%. The Group's gross profit for the same period reached HK$205.9 million, representing an increase of 20.3%. In the first half of fiscal year 2025, the consolidated profit attributable to equity shareholders grew by 53.4% to HK$95.9 million.The Group's robust performance was propelled by the outstanding sales from flagship brands, with Ho Chai Kung leading in branded medicines and Po Chai Pills excelling in proprietary Chinese medicines. Additionally, the CCMG business of the Group sustained solid growth momentum. These results reflect the successful execution of integrated sales and marketing strategies across both offline and online channels, effectively capitalising on expanding demand for consumer healthcare products in Hong Kong, Macau, and Greater Bay Area.The Board has declared the payment of an interim dividend of HK5.50 cents per share, up by 59.4% year-on-year.Notable Growth Across SegmentsIn the branded medicines business, sales revenue grew by 23.9%, which was led by sustained momentum in Ho Chai Kung product sales. As a leading household name in over-the-counter pain relief and fever medications, Ho Chai Kung strengthened its market presence through targeted brand marketing and sales initiatives. The brand enhanced its appeal to young consumers by ramping up its social media efforts, particularly on platforms like Xiaohongshu and Douyin, aligning with digital trends and expanding its reach among Mainland Chinese youth.In the proprietary Chinese medicines segment, sales rose 17.9%, driven by the strong performance of Po Chai Pills and the sustained growth of the CCMG business. As part of its ongoing strategy to boost brand awareness, Po Chai Pills strategically aired its TV commercial featuring renowned singer Ivana Wong as a brand ambassador during peak sales periods to enhance consumer recall. Additionally, Po Chai Pills gained further visibility by title-sponsoring the popular TVB program "Midlife Sing & Shine! 3", reaching a broad television audience.In the health and wellness products segment, sales revenue increased by 38.9%, driven by the steady growth of Oncotype DX Breast Cancer Recurrence Score Test (“Oncotype DX”), along with expanded product offerings and enhanced marketing efforts targeting the mass wellness market. Oncotype DX has gained increasing recognition among healthcare professionals in Hong Kong and Macau, particularly in the public sector. To further support growth, the Group launched a patient care program with the Hong Kong Breast Cancer Foundation, enabling public hospital patients to receive reimbursement for the test if it indicates the need for additional chemotherapy.Cross-Border E-Commerce and TCM Sector ExpansionThe Group has made positive strides in expanding its online presence, particularly on cross-border e-commerce platforms, while strategically positioning itself to capitalise on the growing traditional Chinese medicine ("TCM") sector in Hong Kong and the Greater Bay Area. Flagship stores for Ho Chai Kung, Po Chai Pills, CCMG, and Jacobson Medical have been launched on the Tmall Global, strengthening brand presence and extending reach in Mainland China. These initiatives have significantly enhanced brand visibility and image among Mainland Chinese consumers.Mr. Patrick Wong, Chief Executive Officer of JBM Healthcare, commented, "Despite a challenging retail environment during the Reporting Period, the Group delivered strong performance driven by our robust portfolio, effective brand management, and enhanced commercial execution, with particular success in our flagship proprietary brands.""Looking ahead, we remain optimistic and confident in the Group's strategic positioning for sustained growth. Key market dynamics, including sedentary lifestyles, increasing health consciousness driven by improving living standards, and aging populations, are collectively fueling growth momentum in consumer healthcare demand. We are committed to operational excellence and growth strategies that focus on enriching our product portfolio, strengthening commercial capabilities, and broadening our sales platforms and geographic reach."About JBM (Healthcare) Limited (Stock Code: 2161)JBM Healthcare is a Hong Kong-based company that markets and distributes branded healthcare products across Greater China, Southeast Asia, and other select countries. The Group is a distinctive player in the sector with marketing expertise and heritage in pharmaceuticals that prioritises product efficacy and quality to meet consumers' healthcare needs. As a renowned healthcare brand operator in Hong Kong, the Group carries a wide-ranging portfolio of branded healthcare products comprising branded medicines, proprietary Chinese medicines, and health and wellness products, which include well-recognised household brands such as Po Chai Pills, Ho Chai Kung Tji Thung San, Contractubex, Mederma for Kids, Tong Tai Chung Woodlok Oil, Flying Eagle Woodlok Oil, Saplingtan, Shiling Oil and Konsodona Medicated Oil. JBM Healthcare has been a constituent stock of the MSCI Hong Kong Micro Cap Index since 27 May 2021. For more details about JBM Healthcare, please visit: www.jbmhealthcare.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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Fourth Paradigm’s Platform Business Grew by 50.2% in the First Three Quarters ACN Newswire

Fourth Paradigm’s Platform Business Grew by 50.2% in the First Three Quarters

HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Beijing Fourth Paradigm Technology Co., Ltd. (“Fourth Paradigm” or the “Company”, Stock Code: 6682.HK) announced its core business update for the period ended September 30, 2024. The Company achieved a revenue of RMB3.2 billion in the first three quarters of this year, marking a 26.1% year-on-year increase. The gross profit reached RMB1.4 billion, showing a 12.5% year-on-year growth.The company's core business, the Sage AI platform, has shown significant growth, generating a revenue of RMB2.2 billion, representing a year-on-year increase of 50.2%. According to data from International Data Corporation (IDC), a reputable international research institution, Fourth Paradigm has consistently ranked first in the machine learning platform sector in China in terms of market share for six consecutive years.The Company continues to enhance key capabilities within the Sage AI platform, such as AI Agent and GPU resource pooling, and has successfully achieved end-to-end capabilities in computing power, platform infrastructure, model development, and application deployment. Through the "Sage Inside" model, Fourth Paradigm has efficiently developed over 40 artificial intelligence products, significantly expanding the boundaries of industrial ecosystems and empowering various industries with artificial intelligence applications.In the first three quarters, Fourth Paradigm has seen a continual improvement in customer service depth and user engagement. The Company has focused on industries such as transportation, energy and power, finance, and telecommunications, with a total of 224 corporate users, including 98 lighthouse users. On average, lighthouse users, namely Global Fortune 500 companies and publicly listed companies, contribute approximately RMB14.9 million in revenue.The core business grew by 50.2%, with the "Sage Inside" model and 40 AI products driving long-term growthThe Fourth Paradigm Sage AI platform serves as the nucleus of all operations of the Company. In the first three quarters, the industry-leading large model development and management platform, "Sage AI Platform 5.0", has achieved end-to-end capabilities in computing power, platform infrastructure, model development, and application deployment. The AI platform continues to optimize key capabilities such as AI Agents, GPU resource pooling, and unified model hosting. It also integrates generative AI with various ecosystem products and solutions to advance the deployment of generative AI.For instance, AI Agent has enhanced the precision of complex reasoning and execution, covering the entire lifecycle from large model Agent design, development, commissioning, deployment, operational analysis, to self-learning optimization, providing a stable and reliable support for Agent production applications. Additionally, the Company has further improved AI Coding products in terms of enterprise-side product functionality and application effectiveness, thus reducing development barriers, enhancing code development efficiency, and transforming enterprise software interaction methods to scale up AI application development.The Company continues to innovate AI business application models, scaling the construction of AI products applicable to various scenarios through the "Sage Inside" model. As of September 30, 2024, under this model, the Company has developed over 40 AI products, including solutions like intelligent mouse solution, intelligent meeting solution, vGPU, AI Data Foundry, large model toolchains, the integrated platform "Tianshu" for search, advertising and promotion, Model Hub for large model hosting, intelligent number query, AI digital human video generation platform, Smart Archive 2.0 for document digitization management, AI+5G video marketing, AI quality inspection systems, 3D scanning and modeling devices, and many more. These AI products have been widely applied in enterprises, expanding the industry coverage of the Sage AI platform and providing long-term growth impetus for the Company's future business development.AI Agent empowers multiple solutions, scaling the development of industry large models with demonstrative significanceDuring the period, Fourth Paradigm further expanded the coverage and penetration of its technology and products across multiple industries and scenarios. In terms of product feature iterations, the Company integrated AI Agent capabilities into AIGS Builder, AIGS CodeX, and various intelligent hardware solutions, enabling products to achieve more complex reasoning and execution capabilities. Moreover, the AI Agent based on reinforcement learning technology has formed a self-learning loop, where the more users engage with it, the stronger the model's reasoning and execution capabilities become.During the period, the Company collaborated with lighthouse users to jointly create a set of industry-leading large models with demonstrative significance, accelerating the widespread application of AI technology across various industries.In the field of transportation, the Company partnered with a globally leading port group to build a large model for port supply chain management, providing intelligent capabilities for the transformation of comprehensive port supply chain services and promoting sustainable applications of large models in the port and maritime industries and related businesses. For academic translation, the Company collaborated with Modern Press to establish the first professional publishing large model in China, elevating the translation quality of large models to academic publication standards. Compared to general-purpose large models in professional book translations, this large model showed an improvement of over 30% in BLEU (BLEU: a mainstream evaluation standard for machine translation, primarily assessing translation quality by comparing the similarity between machine-translated results and human reference translations), meeting the high-accuracy translation demands of academic verticals. Copyright 2024 ACN Newswire via SeaPRwire.com.
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GTDC Summit APJ Highlights IT Distributors’ Roles in Navigating Digital Transformation ACN Newswire

GTDC Summit APJ Highlights IT Distributors’ Roles in Navigating Digital Transformation

SINGAPORE, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Top executives from the IT distribution and technology vendor sectors convened today at the inaugural GTDC APJ-Summit 2024 to discuss the current position and future outlook of these critical communities. The Summit underscored the essential role distributors play in scaling emerging technology sales and adoption and developing new opportunities through digital marketplaces and alliances with hyperscalers.Frank Vitagliano emphasizes the rising value of distribution as he opens the inaugural GTDC Summit APJ.The vast scale and economic and cultural diversity of the APJ region necessitates local expertise. As vendors adopt varied approaches to managing channels, they are increasingly relying on distributors to support emerging markets while focusing internal resources on more mature communities. This strategy provides greater reach, especially in areas where direct coverage would be inefficient, and represents a broader shift towards optimizing orchestration through partnerships."Distributors are ideally positioned to bridge complex regional and in-country dynamics, with local representatives who understand cultural and language nuances to best support the objectives of their vendors and partners. Focusing on enablement programs and relationship-building allows distributors to create strategic value that ensures the successful adoption of advanced technologies across diverse APAC markets," said Frank Vitagliano, CEO, GTDC.IT spending across Southeast Asia and India is accelerating, driven by SMBs embracing digital transformation through cloud software, cybersecurity, and logistics investments. This digital shift generates increased demand for cloud infrastructure, managed services, and robust security solutions. Simultaneously, according to IDC, AI adoption is further fueling the region's technological momentum, with spending in this area expected to reach $78 billion by 2027, with a 25% annual growth rate. Distributors empower those advances while transforming the customer experience and operational efficiencies across these key sectors.Vendors also rely on distributors to meet the rising demand for AI, sales, and technical support as the region struggles with talent shortages, especially in these key areas.Distributors are meeting these demands while unlocking new opportunities using advanced data analytics. Channelnomics CEO Larry Walsh emphasized these organizations' capabilities for identifying "white space" and expanding partner networks. "While data provides direction, its true value lies in transforming insights into actionable strategies for partners. Distributors are pivotal in redefining go-to-market models, guiding partners through business-enhancing engagements and maximizing channel potential."Other Memorable Highlights from Summit APJThe summit focused on the changing dynamics of IT distribution, emphasizing the increasing importance of Southeast Asia and India in the global tech sector. Key sessions included:John Marrett from the EIU spoke to the rapidly expanding marketplace and described the ways technical innovation is changing businesses and communities. From shifts in monetary and fiscal policies to currency fluctuations and international financial institutions' activities, he highlighted the impact of these movements on the APJ's IT community.Avneesh Saxena of IDC showed how innovation affects global IT relationships and creates new opportunities for the channel. He emphasized the key industry trends, barriers, and investments and explored the evolving dynamics between partners, vendors, and distributors.Larry Walsh of Channelnomics examined the often-overlooked pieces of the vendor-distributor relationship and hit on other key findings of their recently released study with GTDC. Focused on the Asia-Pacific region, the new report shows vendors how to maximize the value of their distribution relationships.Vitagliano also moderated a panel discussion with senior distribution executives, including William Ong,VST ECS;V.S. Hariharan, Redington Limited; Luis Lourenco, Ingram Micro; Jaideep Malhotra, TD SYNNEX; and Patrick Aronson, Westcon-Comstor. Panelists highlighted how regional distributors are innovating and creating programs that facilitate the adoption of new technologies, optimize go-to-market strategies and enhance other business activities.The council's next global event GTDC Summit North America, February 19th -20th, 2025, at the Mission Pacific & Seabird Resort in Oceanside, CA. More details will be available soon.About the GTDC The Global Technology Distribution Council is the industry consortium representing the world's leading tech distributors. GTDC members drive an estimated $160 billion in annual worldwide sales of products, services and solutions through diverse business channels. GTDC conferences support the development and expansion of strategic supply-chain partnerships that continually address the fast-changing marketplace needs of vendors, end customers and distributors. GTDC members include AB S.A (WSE: ABPL), Arrow Electronics (NYSE: ARW), CMS Distribution, Computer Gross Italia (MI: SES), D&H Distributing, ELKO, Esprinet (PRT.MI), Exclusive Networks (EPA: EXN), Exertis, Infinigate, Ingram Micro (NYSE: INGM), Intcomex, Logicom (CSE: LOG), Mindware, Redington Limited (BSE/NSE: Redington), Siewert & Kau, SiS Technologies (HKSE:0529), Tarsus, TD SYNNEX (NYSE: SNX), TIM AG, VSTECS Holdings and Westcon-Comstor.GTDC MEDIA CONTACT: Anita LussenburgTel +31621585878Mail: alussenburg@gtdc.euSOURCE: Global Technology Distribution Council Copyright 2024 ACN Newswire via SeaPRwire.com.
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Beat The Silent Disease of Osteoporosis with LAC, Before It’s Too Late! ACN Newswire

Beat The Silent Disease of Osteoporosis with LAC, Before It’s Too Late!

SINGAPORE, Nov 18, 2024 - (ACN Newswire via SeaPRwire.com) - Despite Singapore’s abundant sunlight, Vitamin D deficiency remains a prevalent health issue, affecting millions of people. This deficiency significantly compromises bone health, leading to osteoporosis, a “silent disease” due to its subtle onset. Research indicates that bone health begins to decline at age 25, making it crucial to address this issue, especially as Singapore’s population continues to age. The urgency to combat this silent epidemic has never been greater.As sedentary lifestyles and poor dietary choices become increasingly common, the impact of osteoporosis is alarming: one in three women and one in five men over the age of 50 in Singapore are affected. Known as the “sunshine vitamin,” vitamin D plays a critical role in efficient calcium absorption, essential for maintaining bone density and preventing osteopenia and osteoporosis. Without adequate vitamin D, the body struggles to absorb calcium, increasing risk of fractures and leading to deteriorating bone health.In line with World Osteoporosis Day on 20 October, LAC (pronounced as L-A-C) is dedicated to raising awareness about the importance of bone health and empowering individuals to take preventive measures to optimise their bone density. By incorporating calcium-rich foods or supplements, ensuring adequate Vitamin D intake and regular physical activity, individuals can significantly reduce the risk of osteoporosis.LAC FullCal® combines calcium, magnesium and Vitamin D in a golden ratio, making it vital for maintaining strong bones, teeth and muscle function. This unique formula not only reduces the risk of osteoporosis but also improves calcium absorption, making it an excellent option for maintaining optimal bone health. With its all-in-one solution, individuals no longer need to rely on three separate supplements to achieve the same benefits, offering both enhanced convenience and cost savings.LAC Joint Protec®, formulated with a proprietary blend of ingredients such as Glucosamine, Chondroitin and Collagen, work together to alleviate joint stiffness and discomfort while enhancing mobility and flexibility. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Everest Medicines Announces NEFECON(R)’s Full Approval in South Korea

HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - Today, Everest Medicines announced that NEFECON(R) has received full approval from the Ministry of Food and Drug Safety (MFDS) in South Korea, indicated for the treatment of adults with primary immunoglobulin A nephropathy (IgAN) with a urine protein excretion ≥1.0 g/day (or urine protein-to-creatinine ratio ≥0.8 g/g). This approval further expands NEFECON(R)’s footprint in Asia and provides Asian patients with a groundbreaking etiological treatment option for IgAN.Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines, expressed his excitement about the approval: “As the world's first and only IgAN etiological treatment drug fully approved by the U.S. Food and Drug Administration (FDA), NEFECON(R) will provide a new treatment option for patients in South Korea. We will continue to work on enhancing the accessibility and affordability of NEFECON(R) across Asia to meet the urgent needs of more IgAN patients for this innovative therapy.”NEFECON(R) is the first and only fully approved etiological treatment for IgAN, with its clinical value widely recognized by the global medical community. The approval of NEFECON(R) in South Korea is based on the global Phase 3 NefIgArd clinical trial, which showed that compared to placebo, NEFECON(R) not only brought about a sustained reduction in proteinuria and reduced the frequency of microscopic hematuria but also demonstrated clinically relevant and statistically significant treatment benefits in estimated glomerular filtration rate (eGFR). The study further revealed that NEFECON(R) reduces the decline in kidney function by 50%, over a period of 2 years, comprising 9 months of treatment and 15 months of observation, and potentially delay the progression to dialysis or kidney transplantation by 12.8 years.Studies have shown that IgAN is highly prevalent among Asian populations, with a 56% higher risk of progression to end-stage renal disease compared to other groups, and often progresses more rapidly. The approval of NEFECON(R) in South Korea provides a breakthrough treatment option for IgAN patients in Asia and highlights its significant commercial potential in the region.This milestone is further evidence of Everest Medicines’ robust global commercialization capabilities. Earlier this year, NEFECON(R) issued its first prescription in mainland China, with subsequent approvals in Macau, Hong Kong, Singapore (marketed as Nefegan(R)), and Taiwan China. According to the company’s interim report, NEFECON(R) achieved RMB 167.3 million in sales within just over a month of its commercial launch in China, demonstrating strong market performance. The approval in South Korea further validates NEFECON(R)’s clinical value and commercial potential, opening new market opportunities and creating an important revenue growth driver for the company.Notably, NEFECON(R) participated in China’s National Reimbursement Drug List (NRDL) negotiations this year for the first time. Inclusion in the NRDL would significantly enhance its market penetration and affordability, accelerating its sales growth in China. Industry experts widely view NEFECON(R) as a potential blockbuster drug in the Chinese market, with the ability to drive Everest Medicines’ commercialization strategy while strengthening its competitive edge in both domestic and international markets. Copyright 2024 ACN Newswire via SeaPRwire.com.
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LQR House Inc. Board of Directors Approves Purchase of Up to $1M Bitcoin as Treasury Reserve Asset and Retention of Up to $10M Crypto Payments on CWSpirits.com ACN Newswire

LQR House Inc. Board of Directors Approves Purchase of Up to $1M Bitcoin as Treasury Reserve Asset and Retention of Up to $10M Crypto Payments on CWSpirits.com

MIAMI, FL, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry, today announced that its Board of Directors has approved the purchase of up to $1 million in Bitcoin as part of its treasury management strategy.In addition, the Company will now accept cryptocurrency payments on CWSpirits.com, giving customers the flexibility to purchase alcohol using digital currencies. As part of this initiative, LQR House has adopted a policy to retain up to $10 million of these crypto payments in Bitcoin, reflecting the Company's confidence in the long-term potential and value of digital assets."As Bitcoin continues to gain traction as an accepted asset class, we see a unique opportunity to strengthen our treasury with an innovative investment," said Sean Dollinger, CEO of LQR House. "In our opinion, Bitcoin's inherent scarcity and finite supply position it as a modern hedge against inflation and a safe haven in times of economic uncertainty. We believe Bitcoin aligns with our forward-thinking strategy and complements our mission to drive innovation across all aspects of our business."While Bitcoin will now be integrated into LQR House's diversified strategy, the Company remains firmly committed to its core operations. This includes executing its previously announced cost-cutting initiatives aimed at enhancing profitability and collaborating closely with its new board members to define and implement the most effective strategies for sustainable growth.LQR House will monitor its Bitcoin holdings closely, ensuring they align with market conditions and the Company's cash flow requirements.About LQR House Inc.LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriented shoppers, providing a curated selection of alcohol products delivered to homes across the United States. Beyond its role in an e-commerce sector, LQR House is a marketing agency with a specialized focus on the alcohol industry. The Company measures campaign success by directly correlating it with sales on CWSpirits.com, demonstrating a return on investment. Backed by an influential network of over 550 figures in the alcohol space, LQR House strategically drives traffic to CWSpirits.com, enhancing brand visibility. LQR House intends to disrupt the traditional landscape of the alcohol industry, driven by its dedication to providing an unparalleled online purchasing experience and delivering tailored marketing solutions.Forward-Looking StatementsCertain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. Forward-looking statements contained in this press release are made only as of the date of this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the United States Securities and Exchange Commission (the "SEC"). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the headings "Risk Factors". Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and in other reports and documents that the Company files from time to time with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.Investor and Media Contact:info@lqrhouse.comContact InformationSean DollingerCEOinfo@lqrhouse.comSOURCE: LQR House Copyright 2024 ACN Newswire via SeaPRwire.com.
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14th Asian Logistics, Maritime and Aviation Conference concludes today ACN Newswire

14th Asian Logistics, Maritime and Aviation Conference concludes today

- Over 80 experts and industry leaders in the maritime, air freight, logistics and supply chain sector shared insights on major issues facing the industry- The conference attracted some 2,200 participants from over 30 countries and regions- Strong participation and support from new and emerging markets, including ASEAN and Middle East, reinforced Hong Kong’s status as a ‘superconnector’ and ‘super value-adder’ between Mainland China and global marketsHONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC) concluded today. This year’s ALMAC featured over 80 experts and industry leaders from the maritime, air freight, logistics and supply chain sector speaking on major issues facing the industry at over 20 conference sessions. The conference attracted some 2,200 participants from over 30 countries and regions, providing a platform for industry players and shippers to explore global business opportunities and establish resilient and sustainable supply chains. This reinforces Hong Kong’s position as an international aviation hub and assists in its development into a high-quality green maritime fuel bunkering centre, thereby enhancing the international status and competitiveness of Hong Kong ports.Over 300 business-matching sessions were arranged, demonstrating Hong Kong’s status as a ‘superconnector’ and ‘super value-adder’ between Mainland China and global markets.Shaping resilient and sustainable supply chainsThemed “Shaping the Future of Supply Chains: Resilience and Sustainability”, multiple forums were hosted to address three major trends in the industry, namely supply chain transformation and new market opportunities, sustainability and green energy, and innovation and technology.In today's rapidly changing global landscape, the dynamics of supply chains are undergoing a substantial transformation. Effective supply chain management plays a pivotal role in combating uncertainty and future-proofing development of enterprises. In the session “Steering Business Growth: Building an Evolving Supply Chain”, Kalyan Chakravorty, Senior Director Global Productivity, Benchmarking & Analytics, MondelÄ“z International, shared his views on the challenges and the opportunities. "When we think about building resilience in a supply chain, we need to think about it as an ecosystem. No single person or single company runs the entire supply chain. It’s often difficult to replicate the entire ecosystem in a new place without challenges," he said.Jotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. Lines, shared his thoughts on Hong Kong as an international shipping centre in the same session. " Hong Kong is connected to the maritime industry and the maritime industry is connected to Hong Kong, which makes Hong Kong significant in all aspects," he said.Potential new trade linesSupply chain disruption has exposed the vulnerabilities associated with concentrated distribution hubs. To build more resilient networks, businesses must explore alternative trade routes. In the session “Navigating New Trade Lines for Mitigating Disruptions”, Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals, shared his perspective on Hong Kong as an international aviation hub, the city’s connectivity to global markets and new trade lines. "I think the government has to develop new trade links such as how the Hong Kong SAR government is working very closely with the Belt and Road countries and regions. With the commencement of the three-runway system, the cargo capacity of the Hong Kong International Airport will be raised to 10 million tonnes per annum in the next decade. This is certainly a milestone for us. At HACTL, we have never stopped investing. Working with a government that facilitates business, a business-friendly Airport Authority, and a very engaging and cooperative community, leads me to be very positive about the future," he said.Logistics efficiency through technologyInnovation and digitalisation play a pivotal role in improving the efficiency of global value chains. Speakers in the Logtech Forum: Amplifying Digital Supply Chains through Innovation and Integration session explored strategies for seamlessly integrating technologies across supply chains. Shamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & Development shared her views on the strategies for seamless integration of various technologies across supply chains to optimise overall performance. “Compared to the other industrial revolutions of our past, starting from the steam engine and so forth, in this digital revolution the difference is that it's an extremely fast-moving technology and the windows of opportunity are open for a very short period. If you don’t capture it, then you lose something. It's a concern with this new technology. It's a different technology than what you have experienced,” she said.Local logistics talentThe Hong Kong’s NextGen Logistician Award Presentation Ceremony took place on the second day of the conference. Instituted by the Transport and Logistics Bureau in the Action Plan on Modern Logistics Development, the award aims to recognise young professionals in the logistics industry who have made significant achievements and shown remarkable potential in innovative, high-end, smart and green logistics. Liu Chun-san, Under Secretary for Transport and Logistics, HKSAR Government, presented the awards. Wendy Huang Shu-yao received the Emerging Talent Award, Queenie Yip Tsz-tung received the Young Professional Award, and Billy Yeung Wai-piu, Keno Cheung Tai-yip and Tyrell Au Ka-wai received the Young Executive Award.Photo Download: https://bit.ly/3UWXTPMThe 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC) concluded today, attracting some 2,200 participants from over 30 countries and regionsKalyan Chakravorty, Senior Director Global Productivity, Benchmarking & Analytics, MondelÄ“z InternationalJotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. LinesWilson Kwong, Chief Executive, Hong Kong Air Cargo TerminalsShamika N. Sirimanne, Director, Division on Technology and Logistics, UN Trade & DevelopmentThe Hong Kong’s NextGen Logistician Award recognises young talent in the logistics industryOver 300 business-matching sessions were arranged, demonstrating Hong Kong’s status as the superconnector and super value-adder between Mainland China and global marketsALMAC: https://www.almac.hk/main/en/Media enquiriesYuan Tung Financial Relations:Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hkEdmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hkHKTDC Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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GMG Reaches Market Commercialisation Milestone on Energy Savings Coating THERMAL-XR(R) ACN Newswire

GMG Reaches Market Commercialisation Milestone on Energy Savings Coating THERMAL-XR(R)

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - November 19, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.SINGAPORE GREEN BUILDING COUNCIL PRODUCT APPROVALThe Singapore Green Building Council has approved THERMAL-XR to be certified as a Singapore Green Building Product (SGBP) under the category of Mechanical - ACMV - Coil Coating. It is the first thermal air conditioning coating to be approved as a SGBP - please see the attached link: https://web.sgbc.online/public/product/certificate/5/46/495/8867/2978.The SGBP Certification Scheme is one of the key standards and benchmarks for green building products in the building and construction industry. Products and materials certified as a SGBP are highly recognised under the Green Mark Certification Scheme, Singapore's national green building rating tool administered by the Building and Construction Authority (BCA), which allows certified products to accrue points that count towards a project's Green Mark rating. The more highly rated a product is under the SGBP Certification Scheme (i.e., the more ticks it has achieved), the more points are awarded towards the Green Mark rating.The SGBP Certification Scheme is also widely accepted by regional green building rating tools for its coverage of products' sustainability performance. Examples include GreenRE, a rating tool set up by the Real Estate & Housing Developments' Association (REHDA) of Malaysia, and LOTUS, Vietnam Green Building Council's rating tool. The SGBP Certification Scheme complies with many of the requirements in ISO 14024 Environmental labels and declarations - Type I environmental labelling.Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpgThe benefits of SGBP Certification include:FOR PRODUCT SUPPLIERS:Analysis of your product's sustainability performance by experts and certification by a credible sourceOpportunity and insight into how to further develop your products to be more sustainableGreater awareness of your product for use in our current and future buildingsFOR DESIGNERS/ SPECIFIERS:An overview of products that are certified sustainableAn understanding of how a product stacks up against others in terms of their sustainability performanceEasier decision-making when choosing more sustainable productsFOR BUILDERS/ OWNERS:An overview of products that are certified sustainableData around the environmental properties of the products you useA unique selling point for your building projectsFOR TENANTS/ OCCUPANTS:An understanding of how sustainable the spaces you live and work in areHealth benefits of living/working in a greener buildingOnce a product is certified, SGBC will issue the product a certificate. Only certified products will be listed on the SGBP Certification Directory, which is maintained on the Singapore Green Building Council's website. This Interactive Directory is actively used by building industry professionals such as consultants, contractors, building developers and owners. Stakeholders can demand that products/ materials used for a building are SGBP certified. Certified products can gain credits under various green building rating tools.USA EPA PRE-MANUFACTURE NOTICE SUBMISSION MADEGMG and Nu Calgon have submitted a Pre-Manufacture Notice ("PMN") in conjunction with its USA Environmental Protection Agency's ("EPA") application to import and sell THERMAL-XR® in the USA. The PMN application is expected to be approved in less than 12 months. The PMN application covers the use of the coating in various application methods in various industrial applications.GMG's Managing Director and CEO, Craig Nicol, commented: "The SGBP Certification is highly welcomed and comes after many years of working with our coating and carrying out many demonstration projects in Singapore with our distribution and coating partners. We also welcome the progress on the EPA submission with our Nu Calgon distribution partner."GMG's Chairman and Director, Jack Perkowski, commented: "THERMAL-XR® being recognised as a Singapore Green Building Product is a very good sign of all the hard work GMG has done there over the years. The USA HVAC after market for coatings is a substantial opportunity for GMG and so it is good to see the progress on the EPA submission as well."About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the receipt, timing and nature of approval by the EPA of the PMN application and the opportunity represented by the USA HVAC after market for coatings. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA's approval will be as anticipated, and that the USA HVAC after market for coatings is a substantial opportunity for the Company. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA's approval will not be as anticipated, that the USA HVAC after market for coatings is not a substantial opportunity for the Company, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230564 Copyright 2024 ACN Newswire via SeaPRwire.com.
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The 6th BDO ESG Awards receives overwhelming response ACN Newswire

The 6th BDO ESG Awards receives overwhelming response

HONG KONG, Nov 19, 2024 - (ACN Newswire via SeaPRwire.com) - BDO, the world’s fifth largest accountancy and advisory network, has been organising the BDO ESG Awards since 2018, becoming a pioneer in advocating companies’ acceptance of their social responsibilities through the integration of sustainable practices into their business models. Entering its sixth anniversary, the Awards received a record high nomination compared with previous years, with more than 110 applications. BDO will continue to promote the development of enterprises in the field of environmental, social and governance (ESG). BDO recognises Hong Kong-listed companies that have excelled in areas of ESG through the Awards, and encourage more companies to work together for a greener and more climate-resilient future. The BDO ESG Awards has been well received by listed companies in Hong Kong, and this year, as in previous years, received an overwhelming number of nominations. The winners of the various categories, including the Best in ESG Awards, the Best in Reporting Awards, the ESG Report of the Year Awards, the Theme Award and the Outstanding ESG Performance of H-share Companies Awards, will be officially announced at the BDO ESG Awards Presentation Ceremony on 11 December 2024. This year’s Theme Award again commends listed companies that have adopted best practices in ‘carbon neutrality’, highlighting the key role that companies play in mitigating climate change and shaping a zero-carbon, greener, and more climate-resilient future. Companies that are committed to achieving ‘net-zero’ carbon emissions and have demonstrated excellence in the following areas are eligible to compete for the Theme Award:I.Biggest reduction in carbon emissions (absolute and intensity) from business for the year;II.Carbon reduction initiatives launched during the year that could significantly reduce carbon emissions from business in the long-run;III.Long-term vision and action plans implemented to achieve carbon neutrality Ricky Cheng, Director and Head of Risk Advisory of BDO, said, “We are pleased that this year's BDO ESG Awards has again been a huge success, receiving an overwhelming response. A record number of over a hundred listed companies have submitted applications, reflecting a growing number of companies that are committed to sustainable development and have practically integrated ESG principles and climate change considerations into their business strategies. Although companies are paying increasing attention to ESG and climate change issues, BDO, as an advocate for sustainable development, hopes to leverage the annual Awards to continuously raise public awareness of the importance of these issues. The Awards not only recognises companies that have demonstrated excellence in ESG performance and fulfilled their ESG commitments, but also motivates others to make greater efforts to build a zero-carbon future.” On 19 April 2024, the Hong Kong Stock Exchange (HKEX) released the results of a consultation on climate disclosure requirements and published the “Implementation Guidance for Climate Disclosures under HKEX ESG reporting framework”. With reference to IFRS S2 Climate-related Disclosures, HKEX’s Environmental, Social and Governance Reporting Code (ESG Code)1 will require issuers to make climate-related disclosures in phases starting 1 January 2025 to further enhance the quality, consistency and comparability of climate-related disclosures in Hong Kong's financial industry. By aligning with international standards and providing options with less burden, HKEX encourages issuers to disclose relevant information without undue burden. Ricky added, "Climate change and global warming are serious challenges facing all of humanity. To address these environmental issues, in addition to relying on various government initiatives such as ‘Hong Kong's Climate Action Plan 2050’ and the ongoing update of the climate risk reporting regulations for listed companies by HKEX, we still need the support of society and businesses to realise carbon emission reduction and promote the green and sustainable development of Hong Kong. BDO believes, the mission of safeguarding and ensuring a sustainable future for all mankind can only be achieved if companies from all sectors act from the heart and understand their responsibility and importance in promoting long-term net-zero carbon emissions in their business operations. By formulating a clear and effective carbon neutrality blueprint, companies can progressively meet their carbon reduction commitments and create sustainable long-term value for stakeholders and the next generation, which will ultimately help enhance Hong Kong's green finance credentials and strengthen the city’s position as a trusted and leading financial hub for investors.” Note to editorsAbout BDO Limited BDO's global organisation extends across 166 countries and territories, with more than 115,600 professionals working in over 1,770 offices - and they're all working towards one goal: to provide our clients with exceptional service. BDO was established in Hong Kong in 1981 and is committed to facilitating the growth of businesses by advising the people behind them. BDO Hong Kong provides an extensive range of professional services including assurance services, risk advisory services, specialist advisory services and tax services. For more details, visit www.bdo.com.hk.ContactsSala LoSenior Marketing Manager and Team Head BDO Hong Kong Heidi LauSenior Marketing ManagerBDO Hong Kong Strategic Financial Relations LimitedVicky Lee Yoko LiTel +852 2218 3042Mobile +852 9613 5175salalo@bdo.com.hk Tel +852 2218 2325Mobile +852 9285 4151heidilau@bdo.com.hk Tel +852 2864 4834sprg_bdo@sprg.com.hk Tel +852 2864 4813sprg_bdo@sprg.com.hk Copyright 2024 ACN Newswire via SeaPRwire.com.
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APTEXPO 2024 concludes on a high note, offering numerous innovation opportunities for decision-makers across the Asia Pacific’s fashion and supply chain sectors ACN Newswire

APTEXPO 2024 concludes on a high note, offering numerous innovation opportunities for decision-makers across the Asia Pacific’s fashion and supply chain sectors

SINGAPORE, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - APTEXPO 2024, the global platform for top decision-makers in textiles, apparel, fashion and their supply chains, has concluded its inaugural edition after an exciting three days of activities in Singapore. With industry players in attendance for on-stage panel discussions, numerous new product launches and showcases, and high-level closed-door discussions, the convention has elevated the stage for resounding change.From 2000 to 2020, Asia's population grew by an additional 1.7 billion people, which has brought challenges like inventory surpluses and inefficiencies. Export volumes increased by 50 billion units, with an estimated 70% of these products ending up in landfills or incineration facilities. If left unaddressed, these could exacerbate system-level disruptions that affect consumers and their way of life. These challenges present an opportunity not only to responsibly minimise negative externalities and maximise operational efficiency alone in Asia but also to invest in innovation, growth and long- term value creation in its supply chains.Yet, reshaping and enhancing supply chain resilience is a complex, time consuming, and costly exercise that requires the trust and cooperation of active supply chain and business partners. ASEAN countries and the broader Asia-Pacific region are well placed to offer businesses, especially Asian brands, a unique opportunity to strengthen their supply chains, equipping them for a more sustainable future.The diversity in the profiles of the attendees — who represent organisations involved in various aspects of textiles, apparel, fashion and other supply chain activities across various geographies — demonstrates APTEXPO 2024’s central role in connecting the textile and apparel supply chain worldwide.A significant milestone was reached on Day 1 of APTEXPO 2024 by formally signing a collaboration agreement. APTEXPO 2024, with the support of the founding associations AFTEX and CNTAC, inked a Memorandum of Understanding (MOU) with Lazada Group, which sees both organisations formally agree to come and jointly deploy their capabilities to promote emerging fashion brands from Asia.From Left to Right: Yap Shook Fung, Vice President, MP Singapore, Liang Peng Cheng, Executive Vice-Chairman, Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX), Jason Chen, Group Chief Business Officer at Lazada & Chief Executive Officer at Lazada Singapore.“Through this MOU with APTEXPO, Lazada will work closely with Asian manufacturers to help them build, promote and expand the reach of their brands to our vibrant customer base across the six Southeast Asian economies where we operate. What sets Lazada apart is our dynamic ecosystem, our vast logistics infrastructure and cutting-edge technology, and our deep market insights across Southeast Asia. We’re excited to leverage these strengths to empower brands, enabling them to seamlessly enter and thrive in this diverse region”, said Jason Chen, Group Chief Business Officer, Lazada and Chief Executive Officer, Lazada Singapore.Delegates after the formal signing of the MOU.“APTEXPO 2024 has shown that innovation in textiles and fashion is a team effort—across geographies, industries, and expertise. The future of fashion is shifting eastward, and APTEXPO 2024 is evidence of the global demand for unique Asian brands,” said Liang Peng Cheng, Executive Vice Chairman of the Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX).On Day 2 of APTEXPO 2024, visitors discovered many solutions like Browzwear’s leading 3D apparel design software, which bring tremendous potential for application. Top-tier innovations from up-and- coming Asian designers, representing delegations from the Singapore Fashion Council (SFC), the Confederation of Wearables Exporters of the Philippines (CONWEP), Quanzhou Pavilion and the Ningo Committee of the China Council for the Promotion of International Trade (CCPIT), were also on display to visitors at Marina Bay Sands Expo and Convention Centre, the convention’s premises this year.On Day 3 of APTEXPO 2024, two formal networking sessions were held, connecting participants for introductions, strategic dealmaking and other forms of collaboration for sustainable textiles production and Chinese market opportunities. Further to the panel discussions held on Day 1 (more info can be found here), they also heard from experts from Douyin, Lazada, AFITTY Solutions and others at two exclusive closed-door workshops that covered industry-relevant discussions on sourcing, branding and investment opportunities in the Asia Pacific region.“We are excited to be part of the inaugural APTEXPO 2024. We believe this was a good start and an excellent platform to springboard the restructuring of the textile and apparel supply chain industry, strengthening the ecosystems between the different markets within the Asia-Pacific region. We intend to work with our partners and stakeholders to continue the momentum that has been set this year and to accelerate the transformation in 2025 and beyond”, said Jason Ng, Managing Director, MP Singapore.Through its programming lineup, APTEXPO continues to deliver opportunities for collaboration and change-making in the textiles and fashion ecosystem. APTEXPO will be back in Singapore in November 2025.For more information on APTEXPO 2024, please visit ap-texpo.com.Hashtag: #aptexpohttps://ap-texpo.com/https://www.linkedin.com/company/aptexpo-2024https://www.facebook.com/aptexpo2024/About AFTEXASEAN Federation of Textile Industries (AFTEX) was established in 1978 with the objective to promote common trade position and cooperation among textile and apparel industry in ASEAN member countries in line with the objective of the ASEAN Chamber of Commerce and Industry (ASEAN-CCI).Every year, AFTEX hold its regular meetings plus side events on a rotational basis among member countries to discuss concrete issues of significant relevance to the regional growth and development of the textile and apparel industry, ranging from ASEAN trade linkages to workforce development, from trade fairs & investment promotion to sustainability issue, from regional cooperation to broader partnerships, and more.About CNTACChina National Textile and Apparel Council (CNTAC) is a national federation serving China's textile and apparel industry and enterprises. As a non-profit social organisation dedicated to the high-quality development of industry and enterprises, the services of CNTAC cover the entire textile industrial chain including cotton, linen, wool, silk, knitting, man-made fiber, printing and dyeing, filament fabric, home textiles, industrial textiles, clothing and textile machinery.The wide-ranging services involve areas such as R&D, standards setting, technology transfer, application of information technology, environmental protection, sustainability, inspection and testing, new products, fashion designing, branding, social responsibility, intangible heritage, marketing, trade fairs, industrial layout, industrial clusters, overseas investment, international exchanges, industry- finance integration, training programs and publication.About SFCSingapore Fashion Council (SFC) - formerly known as Textile and Fashion Federation (Singapore) is the official association for the textile and fashion industry in Singapore. Embracing a transformative vision, SFC aspires to become a Vibrant Asian Hub for Responsible Fashion.With a focus on three key pillars: Sustainability, Innovation & Technology and Asian Craftsmanship, SFC works closely with diverse partners across the value chain to offer thought leadership, extensive networks, and resources - to drive impactful change throughout the ecosystem.About MP SingaporeThe MP Group (MP) is a global full-service events management, marketing and community engagement company.Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.About CCPIT TEXThe Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) was officially established in 1988. Three decades after its establishment, CCPIT TEX has gradually developed into an excellent organiser for professional exhibitions in China's textile and apparel industry.Independently or along with its partners, CCPIT TEX has organised a series of world-renowned exhibitions which cover the entire textile and garment industry both at home and abroad, including but not limited to Intertextile shanghai apparel fabrics, Intertextile shanghai home textiles, ITMA ASIA + CITME and CINTE.About FOURSOURCEFOURSOURCE, is one of the world's largest tech-enabled B2B apparel and textile networks, connecting over 50,000 companies across 120 countries, facilitating the buying and selling of apparel, fabrics, trims, yarns, and home textiles. The network provides professional tools for brands and suppliers to speed-up their cycle time and reduce cost.FOURSOURCE is dedicated to making the industry smarter, safer, more transparent, and sustainable. The company was founded in 2017 and is headquartered in Berlin, Germany, with offices in Portugal, Turkey, Pakistan and China.Media ContactPRecious Communicationsaptexpo@preciouscomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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14th Asian Logistics, Maritime and Aviation Conference opens today ACN Newswire

14th Asian Logistics, Maritime and Aviation Conference opens today

- The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC) takes place at the Hong Kong Convention and Exhibition Centre on 18 and 19 November- Under the theme “Shaping the Future of Supply Chains: Resilience and Sustainability”, over 80 distinguished speakers will participate in more than 20 forums to exchange views and discuss the latest industry developments- The first day of the conference features a special address by Chan Kwok-ki, Acting Chief Executive of the HKSAR; Fu Xuyin, Vice Minister of the Ministry of Transport, the People's Republic of China, and officials from ASEAN countries, reinforcing Hong Kong’s position as a superconnector and an international shipping centre and aviation hub- Sessions focus on three major trends – supply chain diversification, sustainability and green energy and innovation and technologyHONG KONG, Nov 18, 2024 - (ACN Newswire via SeaPRwire.com) - Following the Resolution of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and measures proposed in the latest Policy Address to strengthen Hong Kong’s status as an international shipping centre and aviation hub, the 14th Asian Logistics, Maritime and Aviation Conference (ALMAC), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), commences today at the Hong Kong Convention and Exhibition Centre, under the theme “Shaping the Future of Supply Chains: Resilience and Sustainability”. As an annual event for the logistics, maritime, aviation and supply chain industries, the two-day conference gathers more than 80 heavyweight speakers, including government officials and industry leaders, to discuss industry trends and opportunities to help promote high-quality development of the logistics and supply chain management industry.Chan Kwok-ki, Acting Chief Executive of the HKSAR, delivered a special address, followed by Fu Xuyin, Vice Minister of the Ministry of Transport, the People's Republic of China, Loke Siew Fook, Minister of Transport, Malaysia, H.E. Heng Nan, Secretary of State of Ministry of Public Works and Transport, Kingdom of Cambodia, H.E. Saysongkham Manodham, Vice Minister of Public Works and Transport Lao PDR, and H.E. Nguyen Xuan Sang, Deputy Minister of Transport, Vietnam. ASEAN is Hong Kong's second-largest trading partner, with a total bilateral trade of US$144.6 billion last year. As Hong Kong is actively seeking membership of the Regional Comprehensive Economic Partnership (RCEP), trade relations between Hong Kong and ASEAN are poised to deepen further. The participation of government officials from ASEAN countries in the conference underscores the robust cooperation between Hong Kong and ASEAN.Margaret Fong, HKTDC Executive Director, said in her welcome remarks: “In today’s fast-moving world, global trade has been buffeted by numerous headwinds, including geopolitical tensions and tariffs. This is further compounded by global logistics bottlenecks, rising freight rates, increased focus on sustainability and the growing uptake of digitalisation. As businesses grapple with such a complex environment, it is evident that effective supply chain management is the essential engine that drives sustained growth in global trade. It plays a pivotal role in combating uncertainty and future-proofing business operations. Reflecting the vital importance of Asian supply chains in today’s interconnected world, this year’s ALMAC will zero in on global business opportunities and supply chain management.Chan Kwok-ki, Acting Chief Executive of the HKSAR, said in his special address: “We see long-term opportunity in Hong Kong’s rise as a green and smart port. Our Action Plan on Maritime and Port Development Strategy outlines that promising future, including building green fuel-bunkering capabilities. Just three days ago, we published an action plan on developing Hong Kong into a green maritime fuel-bunkering centre. Combining our aviation and maritime strengths, Hong Kong has long been a major cargo gateway to and from the Greater Bay Area.”He additionally mentioned: “We will also step up efforts to develop Hong Kong into a cross-boundary, e-commerce logistics and distribution centre. This year’s Asian Logistics, Maritime and Aviation Conference is all about creating a resilient and sustainable future for global supply chains. And Hong Kong is determined to play a vital part in that promising future.”As the engine of business operations, supply chain management plays a pivotal role in combating uncertainty and future-proofing development. The first day featured a session titled “Steering Business Growth: Building an Evolving Supply Chain” hosted by Kelvin Leung, the immediate past President of the Chartered Institute of Logistics & Transport in Hong Kong. Speakers including David O. King, Senior Vice President, Commercial, SEKO Logistics, Jotaro Tamura, Senior Managing Executive Officer, Mitsui O.S.K. Lines, and representatives from international brands - including Arjen van Diepen, Head of Global Strategic Planning, the HEINEKEN Company, Bjoern Neal Kirchner, Corporate Vice President, Supply Chain Management, Henkel, and Kalyan Chakravorty, Senior Director, Global Productivity, Benchmarking & Analytics, MondelÄ“z International - analysed the challenges and opportunities encountered by global supply chains and delved into how supply chain transformation and innovation could drive business expansion and foster sustainable development.A newly introduced session, “Navigating New Trade Lines for Mitigating Disruptions”, brought together industry leaders, including David O. King, Senior Vice President, Commercial, SEKO Logistics, Wilson Kwong, Chief Executive, Hong Kong Air Cargo Terminals, Eng. Loay Mashabi, Managing Director, Saudia Cargo, Louis Tang, Managing Director, Ocean Network Express (East Asia), and Delia Sun, Head of Supply Chain Management, DKSH. The session explored supply chain diversification and how emerging markets in Asia, the Middle East and North America can help enterprises build more resilient networks.Two Air Freight Forums explore Hong Kong’s future as an aviation hubBeginning operations at the end of this month, the Hong Kong International Airport three-runway system will significantly enhance the airport’s passenger and cargo capacity and help consolidate Hong Kong’s position as an international aviation hub. Co-organised with the Airport Authority Hong Kong, two air freight forums “Cargo Aviation Hub of the World” and “Digital Air Cargo and Global Trade Ecosystem” feature experts including Tom Owen, Director, Cargo, Cathay Cargo, Dereje Derero, Managing Director, Ethiopian Cargo and Logistics Services, Ming Chan, Associate Fintech Director, Financial Infrastructure Department, Hong Kong Monetary Authority, and Philip Chan, Head of Wholesale Digital, Hang Seng Bank, to discuss how the cargo industry can enhance Hong Kong’s competitive edge as an international aviation hub through collaboration in premium warehousing, digital technology, and talent development.Day 2 focus on sustainability and green energy, 5 workshops will be held in the afternoonGiven society’s greater emphasis on climate change action, more and more businesses across different industries are striving to reduce their carbon footprint and move towards net-zero emissions. Hong Kong is also committed to developing as a green maritime centre. In tomorrow’s sessions “Fostering Sustainable Trade: Embracing Future-proofing Supply Chains and the debut “Green Energy Forum: Energy Transition towards Net Zero Emissions”, Pernille Dahlgaard, Chief Officer of Government, Business & Analytics, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, Achim Martinka, Vice President, Global Airfreight-Commercial & Sustainability, DSV, Scott Childress, Chief Sustainability Officer, UPS, and Paolo Gallieri, Chief Operation Officer, Zhero, will shed light on best practices in integrating sustainability and explore strategies and technologies that facilitate the energy transition.In addition to thematic forums, ALMAC will feature a series of workshops on environmental, social and governance (ESG) initiatives, e-commerce, youth empowerment, halal logistics, and air freight decarbonisation. Speakers from Shell Aviation, Hong Kong Air Cargo Terminals Limited, Arup, and DKSH will provide participants with practical insights and tips.Following last year’s success, this year's ALMAC exhibition continues to feature three zones including Logtech Salon, Supply Chain Management and Logistics Services, and Maritime and Port Services, showcasing innovative logistics and supply chain solutions from 90 exhibitors, including three major Hong Kong air cargo terminals (Hong Kong Air Cargo Terminals, Cathay Cargo Terminal, and Asia Airfreight Terminal), together with other leading companies such as Mitsui O.S.K. Lines and Ocean Network Express. The Hong Kong Association of Freight Forwarding and Logistics and Hong Kong Science and Technology Parks (HKSTP) also host exhibition pavilions.The HKTDC encourages enterprises to leverage its trade platform and events to seek global business opportunities. Business matching sessions are offered at ALMAC, bringing together shippers and service providers to foster business partnerships and promote industry development.Photo download︰https://bit.ly/4fwil2mIn her welcome remarks, Margaret Fong, Executive Director of the Hong Kong Trade Development Council (HKTDC), said: “Reflecting the vital importance of Asian supply chains in today’s interconnected world, this year’s ALMAC will zero in on global business opportunities and supply chain management.”The 14th Asian Logistics, Maritime and Aviation Conference (ALMAC), jointly organised by the HKSAR Government and the HKTDC, commenced today at the Hong Kong Convention and Exhibition Centre and will run until tomorrowChan Kwok-ki, Acting Chief Executive of the HKSAR, delivered special remarks at ALMACFu Xuyin, Vice Minister of the Ministry of Transport, the People’s Republic of China, delivered special remarks at ALMACLoke Siew Fook, Minister of Transport, Malaysia, delivered special remarks at ALMACALMAC features three exhibition zones including Logtech Salon, Supply Chain Management and Logistics Services, and Maritime and Port Services, showcasing innovative logistics and supply chain solutions from 90 exhibitorsALMAC: https://www.almac.hk/main/en/ALMAC programme: https://almac.hktdc.com/conference/almac/en/programmeALMAC speaker list: https://almac.hktdc.com/conference/almac/en/speakerMedia enquiriesYuan Tung Financial Relations:Agnes Yiu Tel: (852) 3428 5690 Email: ayiu@yuantung.com.hkEdmund Choi Tel: (852) 3428 2360 Email: echoi@yuantung.com.hkHKTDC Communications & Public Affairs Department:Stanley So Tel: (852) 2584 4049 Email: stanley.hp.so@hktdc.orgClayton Lauw Tel: (852) 2584 4472 Email: clayton.y.lauw@hktdc.orgHKTDC Media Room: http://mediaroom.hktdc.comAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.
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GMG Provides Business Update on Working Capital and Cost Reductions ACN Newswire

GMG Provides Business Update on Working Capital and Cost Reductions

Brisbane, Queensland, Aust, Nov 14, 2024 - (ACN Newswire via SeaPRwire.com) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on its working capital position and the implementation of cost reductions targets that were communicated on March 11, 2024.Each year the Company submits a Research and Development (R&D) application to the Australian Taxation Office to recover 43.5% of eligible R&D expenditures under the Australian Government's Research and Development Tax Incentive scheme. On October 29, 2024, A$2.85m, the amount requested in this year's R&D application, was deposited in full into the Company's bank account. As at November 1, 2024, the Company's cash balance was A$5.56m, with no debt or loan facilities in place. The continued funding from AusIndustry's R&D Tax incentive scheme has played a vital role in supporting GMG's ongoing research and development.The Company successfully implemented an organisational restructure by merging the Projects and Operations teams and streamlining its Graphene Manufacturing Plant and Thermal XR® Blending Plant. The new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery. Through careful organisational restructuring and active cost management, the Company has reduced its monthly operating cost base by almost 45% since September 2023. The Company will continue to look for ways to continue this trend while maintaining a delivery mind set.GMG's CEO Craig Nicol stated, "The timely receipt of the Research and Development rebate from the Australian Federal Government continues to provide significant working capital support while the Company has continued to focus on improving its cost base through streamlining of Operations and Projects teams while maintaining focus and pace on delivering its four critical business objectives."GMG's Chairman and Non-Executive Director, Jack Perkowski, commented: "The implementation of targeted costs savings together with the Research & Development rebate, allows the Company to remain focused on growing the sales of its Energy Savings products."About GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the Company's new operating model, future cost reductions, and the Company's focus on the sale of its energy saving products. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the new operating model to deliver Projects of scale will rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will continue to look for ways to reduce costs while maintaining a delivery mind set, and that the Company's focus will remain on growing the sales of its energy saving products. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the Australian Federal Government will not continue its Research and Development Tax Incentive scheme, or that the Company will not continue to benefit from the tax incentive, that the new operating model to deliver projects of scale will not rely on trusted third-party providers who have a strong working relationship with GMG and a track record of delivery, that the Company will be unable to reduce costs further while maintaining a delivery mind set, that the Company will not remain focused on growing the sales of its energy saving products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229939 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Quranium Launches QSafe Wallet with Core Layer (L1) Testnet: The Uncrackable Solution for Blockchain Security ACN Newswire

Quranium Launches QSafe Wallet with Core Layer (L1) Testnet: The Uncrackable Solution for Blockchain Security

DUBAI, Nov 16, 2024 - (ACN Newswire via SeaPRwire.com) - Quranium, the Layer 1 DLT and DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol) setting a new standard for secure, scalable, and accessible blockchain technology, has today launched its Core Layer (L1) Testnet, along with QSafe, a quantum-secure crypto wallet purpose-built for an era of unprecedented security demands.QSafe, an uncrackable, decentralized crypto wallet to interact with the Quranium blockchain, is available now for early adopters, who can claim test QRN tokens through the Quranium Faucet (available at faucet.quranium.org). This will enable them to explore QSafe’s functionality while positioning themselves for future ecosystem rewards and incentives planned for January 2025 and beyond.QSafe and the Quranium Core Layer (L1) Testnet will provide users with access to a secure ecosystem where test QRN tokens can be claimed, blockchain activities validated through QRNScan, and wallet functionality tested—all within a system built to be uncrackable.As decentralized finance and blockchain adoption expand, so do the risks associated with conventional wallets, which rely on cryptographic methods that are vulnerable super-computational power. The security risks are not merely a concern for the future—today’s data and assets could already be exposed to data harvesting attacks, where adversaries collect encrypted data now to decrypt later with advanced quantum resources.QSafe Wallet: Features and Functionality for Early AdoptersQSafe is a decentralized, lightweight wallet available for download today. Similar to the functionality of Electrum in Bitcoin Core, QSafe allows users to securely create and manage wallets, send and receive test QRN tokens, and track transactions within the Quranium testnet. Download wallet at https://www.qsafewallet.com/Key Features Include:Uncrackable Quantum-Secure Architecture: Built on Quranium’s Layer 1 protocol, QSafe incorporates quantum-resistant cryptographic algorithms, making it impervious to current and future supercomputing or quantum-enabled cracking attempts.Seed Phrase-Based Security: Users can create or import wallets using secure seed phrases, ensuring privacy and full control over their testnet assets.Lightweight Design: QSafe does not require users to download the entire Quranium blockchain, providing a fast, lightweight experience without sacrificing security or decentralization.Comprehensive Transaction Management: Users can send and receive test QRN tokens, track transaction histories, and view detailed blockchain metadata—all within the wallet.Access to Testnet Incentives: Early adopters can claim test QRN tokens through the Quranium Faucet (available at https://faucet.quranium.org), enabling them to explore QSafe’s functionality while positioning themselves for future ecosystem rewards.Core Features of the Quranium Core Layer (L1) TestnetThe Quranium Core Layer (L1) Testnet introduces users to a quantum-proof blockchain infrastructure designed to set a new benchmark in security and scalability. Key components include:Test QRN Faucet:Users can claim free test QRN tokens by visiting faucet.quranium.org and submitting their wallet addresses. Tokens are distributed securely, allowing users to test and interact with Quranium’s uncrackable network. Available at https://faucet.quranium.org.QRNScan Blockchain Explorer:Quranium’s blockchain explorer allows users to verify transactions, blocks, and metadata. QRNScan ensures transparency and provides detailed gas cost information for every activity on the network. Available at https://qrnscan.com/.Why QSafe is the Future of Blockchain SecurityBlockchain wallets and protocols have long relied on encryption standards like elliptic-curve cryptography (ECC), which are increasingly at risk of being compromised by the growing power of supercomputers and quantum computing. Unlike existing solutions, QSafe has been purpose-built to be uncrackable, ensuring user assets and data are protected against even the most advanced computational threats.How QSafe Outperforms Competitors:Uncrackable by Design: MetaMask, Trust Wallet, and similar wallets rely on elliptic-curve cryptography (ECC), leaving them vulnerable to cracking as quantum computing advances. Research warns there is a 1 in 7 chance public-key cryptosystems will be compromised by 2026 and a 1 in 2 chance by 2031 (Cybersecurity in a Quantum World, 2015). While Chainalysis reported $3 billion lost to crypto breaches in 2022, QSafe eliminates cryptographic risks, ensuring uncrackable security today and in the future.Designed for Long-Term Security: While other wallets prioritize immediate usability, QSafe positions itself as a trusted vault for digital assets, offering long-term peace of mind in a future-proofed ecosystem.Integrated Testnet Functionality: Unlike competitors, QSafe is tightly integrated with the Quranium testnet, enabling users to interact with a transparent and secure blockchain system through features like the faucet and QRNScan.Early Incentives for Adoption: QSafe rewards early adopters with airdrops planned for January 2025, creating immediate value for users participating in the testnet stage.Early Adoption IncentivesQSafe’s launch is an invitation to early adopters to secure their place in Quranium’s ecosystem. By downloading the wallet and engaging with the testnet, users will be eligible for exclusive airdrops in January 2025, alongside access to a blockchain infrastructure purpose-built to resist cracking attempts from current and future threats.“QSafe is more than a wallet—it’s a fortress for your digital assets,” said Kapil Dhiman, CEO of Quranium. “By participating now, early adopters gain access to a quantum-secure system that is built to be uncrackable, while playing a vital role in shaping the future of blockchain security.”How to Access and Use QSafeVisit: https://qsafewallet.com/Download the Wallet:QSafe(https://qsafewallet.com/) is available for download on Windows and Linux platforms, giving users immediate access to the Quranium Core Layer (L1) Testnet.Claim Test QRN Tokens:Users can visit https://faucet.quranium.org to claim free test QRN tokens by submitting their wallet addresses.Test and Interact with the Network:Use QSafe to send and receive QRN tokens, monitor transaction history, and explore the Quranium blockchain’s capabilities.Track Blockchain Activity:QRNScan(https://qrnscan.com/) provides a transparent view of transactions, blocks, and metadata, ensuring users have complete insight into network activity.Key Roadmap DatesNovember 15, 2024: QSafe Wallet and Quranium Core Layer (L1) Testnet launch for public testing.January 2025: Incentives, including airdrops for early adopters, will be distributed to reward network participants.June 2025: The browser extension version of QSafe will launch, supporting Quranium’s Layer 1 and Crust Layer 2 for DApp integration, token swaps, and more.Be Uncrackable with QSafehttps://qsafewallet.com/QSafe is not just another wallet—it’s a commitment to building a future where blockchain technology is truly secure. By addressing the growing challenges posed by super-computational power and quantum computing, QSafe ensures that users can safeguard their assets in an uncrackable system that gives, without ever being at risk of giving in.About QuraniumQuranium is the Quantum-uncrackable Layer 1 blockchain foundation for the future. Our decentralized ledger technology (DLT) infrastructure acts as a seamless, scalable bridge between Web2 and Web3, enabling digital adoption without compromising security. At the forefront of the groundbreaking new market sector known as DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol), Quranium is setting the benchmark for progress, redefining security in an ever-evolving digital landscape. We safeguard today’s data while fortifying against the threats of tomorrow.Join us in the movement to build an uncrackable digital world, visit https://quranium.org/.Follow Quranium on Social Media:X (formerly Twitter): @quranium_orgTelegram: Quranium CommunityFor further details and partnership inquiries, please contact:Claire Cairns or Mimi Ashmead-BartlettEmail: Claire@quranium.org, Mimi@quranium.org Copyright 2024 ACN Newswire via SeaPRwire.com.
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Quranium Node Pre-sale Unveiled: Be Part of the Quantum-Uncrackable Revolution ACN Newswire

Quranium Node Pre-sale Unveiled: Be Part of the Quantum-Uncrackable Revolution

DUBAI, Nov 16, 2024 - (ACN Newswire via SeaPRwire.com) - Quranium, the Layer 1 DLT and DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol) setting a new standard for secure, scalable, and accessible blockchain technology, is thrilled to announce the presale for its groundbreaking Node Sale (visit: http://node.quranium.org/).This exclusive opportunity allows early adopters and blockchain enthusiasts to secure their stake in Quranium’s advanced, quantum-uncrackable infrastructure, positioning themselves at the forefront of next-generation digital security.The Node Pre-sale offers early adopters exclusive access to a future-proof ecosystem that addresses the limitations of traditional blockchain technology. Quranium’s unique decentralized ledger technology (DLT) has been designed from the ground up to counter emerging threats, including quantum computing, with a flexible, multi-tiered entry system, making cutting-edge security accessible to a diverse range of participants.“Quranium’s Node Pre-sale isn’t just about joining a blockchain network; it’s an opportunity to be part of the foundation that will redefine what secure, scalable, and accessible decentralized technology looks like,” said Kapil Dhiman, CEO of Quranium. “As quantum capabilities emerge, Quranium is ready, providing participants with a rare chance to secure their place in an ecosystem that’s designed to meet tomorrow’s challenges.”Presale Highlights and Participant Benefits:Tiered Node Access: Quranium’s Node Sale offers a multi-tiered entry system with flexible access levels, ensuring participants can tailor their engagement to fit their interests and gain corresponding rewards.Priority Whitelisting: Early adopters and active community members enjoy priority access to each tier, allowing them a competitive edge in the pre-sale and the opportunity to establish themselves as early contributors.Exclusive Ecosystem Rewards: Node holders will receive ecosystem-based airdrops, staking rewards, and access to exclusive incentives, fostering a community that actively benefits from Quranium's expanding ecosystem.Node Ownership: A Dual-Opportunity Investment in the FutureBy acquiring a Quranium node, participants not only gain tokens but also the privilege of transaction validation within a secure Proof-of-Stake (PoS) chain, enhancing their role as essential validators within the ecosystem. This dual investment offers both immediate token rewards and a strategic, long-term stake in the foundation of the Quranium network, aligning financial incentives with the health and stability of the network.Upcoming Timeline and Strategic MilestonesTestnet Launch and prelaunch of QSafe Wallet: November 15thNode Pre-sale Launch: November 15thNode Sale Public Launch: Imminently following the Presale launchPresale Open: Act early to secure priority access with exclusive presale benefits.Quranium: Building an Uncrackable Blockchain FoundationWith a team of over 100 specialists from industry giants like Uber, Meta, Amazon, and Ethereum, Quranium is backed by strategic partnerships, including PwC, and has established operational hubs in Singapore, the UAE, and Switzerland. Quranium has raised $2.3 million to date, marking significant progress toward its mission of advancing digital security through blockchain.Join the Future of Uncrackable Decentralized Securityhttp://node.quranium.org/Node Sales Deck: Quranium Node Sale DeckOne Pager: Quranium Node Sale One PagerKOL Offering for Node Sales: KOL Marketing ProgramWebsite: www.quranium.orgAbout QuraniumQuranium is the Quantum-uncrackable Layer 1 blockchain foundation for the future. Our decentralized ledger technology (DLT) infrastructure acts as a seamless, scalable bridge between Web2 and Web3, enabling digital adoption without compromising security. At the forefront of the groundbreaking new market sector known as DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol), Quranium is setting the benchmark for progress, redefining security in an ever-evolving digital landscape. We safeguard today’s data while fortifying against the threats of tomorrow.Join us in the movement to build an uncrackable digital world, visit https://quranium.org/.Follow Quranium on Social Media:X (formerly Twitter): @quranium_orgTelegram: Quranium CommunityFor further details and partnership inquiries, please contact:Claire Cairns or Mimi Ashmead-BartlettEmail: Claire@quranium.org / Mimi@quranium.org Copyright 2024 ACN Newswire via SeaPRwire.com.
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