JE Cleantech (Nasdaq: JCSE) Takes Major Step towards Carbon Neutrality with the Installation of Solar PV Systems ACN Newswire

JE Cleantech (Nasdaq: JCSE) Takes Major Step towards Carbon Neutrality with the Installation of Solar PV Systems

February 1, 2023
SINGAPORE, Jan 31, 2023 - (ACN Newswire via SEAPRWire.com) - JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), a Singapore-based cleantech company, today announced that the Company has completed the commissioning of solar photovoltaic systems installation at its facilities. The installation of the solar systems is one step further in the Company's efforts toward reducing the impact of its carbon footprint as aligned with its pledge to become carbon neutral by 2030.The solar photovoltaic systems were installed in October last year and successfully connected today. The solar photovoltaic systems are expected to generate a total of approximately 205,000 kWhs per year, which will respectively cover 29 percent of the energy consumption for the facility manufacturing precision cleaning system and 10 percent of the total energy necessary for the operation of the facilities. Collectively, the implementation of the solar systems will generate an estimated savings of approximately 205,000 kWhs of electricity per year, or approximately SGD 77,000.00 per year for JE Cleantech. Utilization of electricity produced through solar energy is also critical to reducing the Company's dependence on electricity produced by the burning of fossil fuels.As a leading manufacturer of precision cleaning systems in Singapore, JE Cleantech attaches great importance to its social responsibilities. The installation of solar systems at the Company's facility continues to demonstrate JE Cleantech's efforts towards reducing the impact of its carbon footprint by utilizing non-polluting solar energy as well as maintaining its sustainable growth. The Company plans to take a further step in expanding the coverage of its solar system to another facility, with an aim to increase the overall savings and to facilitate its sustainable goal.Last year, Singapore committed to reducing emissions to around 60 million tonnes of carbon dioxide equivalent in 2030 and achieving net zero emissions by 2050. Along with this, the Government plans to meet 28% of its peak power demand from solar power by 2030. Solar energy is among the fastest-growing sources of new electric generation in Singapore and it is considered the main renewable energy focus by the Government. In line with this, JE Cleantech is sparing no efforts to support the Government and the local community along this journey.Ms. Bee Yin Hong, CEO and Founder, JE Cleantech, said "We are proud to take one further step in fulfilling our social responsibilities and support the Government's 2050 net zero initiatives. The installation of solar systems is a milestone of JE Cleantech's support of nature conservation, pollution reduction, and climate change mitigation. This showcases JE Cleantech's ongoing commitment to prioritizing renewable efforts and ensuring a greener and more sustainable future for the community. Looking ahead, we will keep proactively committing to social responsibilities, striving for sustainable growth, and bringing sustainable returns to our shareholders and investors in the long run."About JE Cleantech Holdings LimitedJE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.Disclaimer: Forward looking statementsThis news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.For Media Enquiries and Investor Relations, please contact:jcse@preciouscomms.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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MHI Thermal Systems Adds ZTL Series to Its Lineup of Household Room Air Conditioners for Overseas Markets JCN Newswire

MHI Thermal Systems Adds ZTL Series to Its Lineup of Household Room Air Conditioners for Overseas Markets

January 11, 2023
TOKYO, Jan 10, 2023 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has added the new ZTL Series to its lineup of household room air conditioners for overseas markets, and the mass production of small capacity models (1.5kW~5.0kW) for the European and Turkish markets has begun. The mass production of the large capacity models (6.3kW~7.1kW) and the units for the Australian and the New Zealand's markets is to follow. MHI Thermal Systems is aiming to build on its rich product lineup, including existing models, to further enhance its brand image and expand its market share.ZTL Series (Small Capacity Model)The ZTL Series comprises a lineup of seven types to accommodate a range of connecting capacities, from small capacity 1.5kW types to large capacity 7.1kW models. For the models planned to be sold in Europe and Turkey when used in combination with the dedicated Smart M-Air app can be controlled and monitored with a smartphone or tablet. The app also offers other convenient features such as allowing users to check their electricity consumption, and an alarm which will notify users if they leave their home without turning off the air conditioner.Furthermore, the remote control has been newly developed for the ZTL series which has many features such as updated buttons, improved useability, as well as a backlight function that illuminates the display when a button is pressed, which provides ease of use in dark rooms. From the new remote the temperature can be set in intervals of half a degree Celsius compared to the current remote which uses full degrees. The new remote control allows the user to have precise control over the room temperature according to their preference.The indoor unit of the ZTL Series is the same as the luxury (ZSX Series) and standard (ZS Series) models popular in overseas markets, featuring a rounded, stylish Italian design from the design firm Tensa based in Milano, Italy. These are units that will complement many types of home interiors.Going forward, MHI Thermal Systems will continue to offer optimal thermal solutions built on technology and product development focused on the individual consumer, and sales and follow-up service for air conditioners, in order to flexibly meet the varied needs of overseas markets.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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SinoHytec Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange, Offer Price Between HK$60 and HK$76 per H Share, Raise up to HK$1,540.7 million ACN Newswire

SinoHytec Announces Proposed Listing on the Main Board of the Hong Kong Stock Exchange, Offer Price Between HK$60 and HK$76 per H Share, Raise up to HK$1,540.7 million

December 29, 2022
HONG KONG, Dec 29, 2022 - (ACN Newswire via SEAPRWire.com) - The leading provider of fuel cell systems in China - Beijing SinoHytec Co., Ltd. ("SinoHytec" or the "Company", Stock Code: 2402), today announced the proposed listing of its shares on the Main Board of the Stock Exchange of Hong Kong Limited ( the "Hong Kong Stock Exchange"). SinoHytec plans to offer an aggregate of 17,628,000 H shares under the Global Offering (subject to the Over-allotment Option), comprising an International Offering of 15,865,200 H shares (subject to Reallocation and the Over-allotment Option), representing 90% of the initial offer shares; and Hong Kong Public Offering of 1,762,800 H shares (subject to Reallocation), representing 10% of the initial offer shares), at a price range between HK$60 and HK$76 per Offer Share. The Hong Kong Public Offering will commence at 9 a.m., December 29, 2022 (Thursday), and close at 12:00 noon on January 5, 2023 (Thursday). Dealings in the shares of SinoHytec on the Main Board of the Hong Kong Stock Exchange is expected to commence on January 12, 2023 (Thursday), with the stock code 2402 and in board lots of 50 Offer Shares each.Guotai Junan Capital Limited and Giraffe Capital Limited are the Joint Sponsors.SinoHytec is a leading provider of fuel cell systems in China, focusing on the design, development and manufacture of fuel cell systems and stacks (a key component of the system) mainly for commercial vehicles, such as buses and trucks. According to the China Insights Industry Consultancy Limited Report ("CIC Report"), the company ranked first in the PRC fuel cell system market in terms of the total power output of fuel cell systems sold* in 2021, with a market share of 27.8%; and in 2021, fuel cell systems accounted for approximately 0.8% of the total sales volume of new energy systems for commercial vehicles, while lithium battery systems accounted for the rest of the total sales volume. As of June 30, 2022, the company's fuel cell systems were installed on 80 models of fuel cell vehicles that are featured in the MIIT New Energy Vehicle Catalogs, ranking us first in the industry.Leader in China's fast growing fuel cell system marketEstablished in 2012, the company is a pioneer in the R&D and commercialization of fuel cell systems in China and started batch production in 2016. The company also participated in the fuel cell vehicle development and commercialization scheme of the United Nations Development Programme in China and witnessed the progress of the PRC fuel cell industry from the R&D phase to pilot testing and to commercialization. The company's fuel cell systems are installed on commercial vehicles operating across various PRC cities, including Beijing, Zhangjiakou, Shanghai, Chengdu, Zhengzhou and Zibo. As of December 20, 2022, the company's fuel cell systems have powered over 2,800 fuel cell vehicles on the road in China. These vehicles had an average mileage of around 40,000 kilometers per vehicle, accumulating over 108.6 million kilometers and 2.3 million hours of operations, which built an industry leading record.Strong research and development capabilitiesThe Company adheres to a R&D principle of "Advance Research", "Continuous Development" and "In-depth Promotion". The key objectives of the Company R&D and product testing activities are to optimize and upgrade the company products' adverse weather capabilities, durability, reliability, efficiency, safety and economy. As of June 30, 2022, the Company has establised an outstanding R&D team of 270 members. The Company also cooperated with leading research universities in China, such as Tsinghua University, to facilitate the development and commercialization of innovative fuel cell technologies so that the Company can respond to the fast-changing market demands.The Company's R&D team has progressively developed the 30kW, 40kW, 50kW, 60kW, 80kW, 100kW, 120kW and 150kW models of fuel cell systems over the years. In particular, the Company launched the 240kW high power output model in December 2021, which is the first automotive fuel cell system in China that can reach a rated power of 240kW.In addition, the Company participated in and achieved significant results in various R&D projects sponsored by the PRC government. As of June 30, 2022, the Company had over 590 patents, including over 210 invention patents, over 360 utility model patents, and 20 design patents. In addition, the Company has more than 590 patent applications that have been accepted by the State Intellectual Property Office of China.* Sales volume of fuel cell systems comprises only direct sales to fuel cell vehicle manufacturers.Solid partnerships with major PRC commercial vehicle manufacturersThe Company has built solid long-term partnerships with major commercial vehicle manufacturers in China, such as Beiqi Foton, Yutong Bus and Geely Commercial Buses, through jointly undertaking national-level R&D projects and codeveloping, demonstrating and testing fuel cell vehicles. In particular, Beiqi Foton and Yutong Bus purchased the Company's fuel cell systems on order basis since 2016 and 2018, respectively, for the production of their fuel cell vehicles. The Company codeveloped with Toyota and Beiqi Foton transit buses using the Company's fuel cell systems which are designated as the official transport vehicles at the Beijing 2022 Olympic Winter Games. As of June 30, 2022, the Company has sold fuel cell systems to over 20 commercial vehicle manufacturers whose total fuel cell vehicles sold in 2021 represented nearly 60% of the market share in China. In addition, Beiqi Group and Yutong Bus have become the company Shareholders and strategic partners, representing the recognition of us by the downstream players of the fuel cell vehicle industry.Integrated components supply system and close cooperation with suppliersAfter years of dedication, the Company built a comprehensive procurement system with local suppliers. During the Track Record Period, the Company has established a relatively stable long-term relationship with over 300 suppliers in China, providing parts such as MEA and air compressors. During the Track Record Period, the company had localized the supply of MEA and procured more raw materials from local suppliers each year.Mr. Zhang Guoqiang, Chairman, Executive Director and General Manager of SinoHytec said, "Our mission is to leverage advanced hydrogen fuel cell technologies to contribute to China's carbon emission peak and carbon neutralitygoal and empower global energy transition. We are committed to becoming a global leader in hydrogen fuel cell technologies for promoting a sustainable and low-carbon future. New energy vehicle development is strategically significant to China's energy security and environmental protections. We intend to achieve this goal by implementing the following strategies: further advance the R&D of fuel cell systems and core components; expand the production capacity of fuel cell stacks to meet the growing market demand and achieve economies of scale; strategically expand our customer base and geographical coverage; expand and strengthen our supply chains; and improve our brand awareness and promote the application of fuel cell systems. We will grasp the opportunities arising in future trend and development of the industry, leverage on our competitive advantages to further consolidate SinoHytec's market position, and create the greatest value for shareholders and investors."Beijing SinoHytec Co., Ltd.Fact SheetInformation on the Global Offering:Number of Offer Shares under the Global Offering: 17,628,000 H Shares (subject to the Over-allotment Option)Number of Hong Kong Offer Shares: 1,762,800 H Shares (subject to reallocation)Number of International Offer Shares: 15,865,200 H Shares (subject to reallocation and the Over-allotment Option)Maximum Offer Price: HK$76.00 per H Share, plus brokerage fee of 1.0%, SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee of 0.00565% (payable in full on application in Hong Kong dollars and to refund)Board Lot: 50 H SharesStart of the Hong Kong Public Offering: 9:00 a.m., December 29, 2022 (Thursday)End of the Hong Kong Public Offering: 12:00 noon, January 5, 2023 (Thursday)Announcement of Allotment Results: January 11, 2023 (Wedsnesday)Expected Listing Date: January 12, 2023 (Thursday)Stock Code: 2402Use of Proceeds:The Company estimates that it will receive net proceeds of approximately HK$1121.8 million from the Global Offering, after deducting the underwriting commissions, fees and estimated expenses payable by the Company in connection with the Global Offering, assuming that the Over-allotment Option is not exercised and assuming an Offer Price of HK$68 per Share (being the mid-point of the indicative Offer Price range). The Company intends to use the net proceeds for the following purposes: 1) Approximately 75.0% (approximately HK$841.2 million) will be used to fund the research and development in the next three years;2) Approximately 15.0% (approximately HK$168.4 million) will be used for improving the brand recognition through product promotion and multi-channel marketing in the next three years; 3) Approximately 10.0% (approximately HK$112.2 million) will be used for working capital and other general corporate purposes. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi High-Tech Launches High-Throughput and High-Sensitivity Wafer Surface Inspection System LS9600 JCN Newswire

Hitachi High-Tech Launches High-Throughput and High-Sensitivity Wafer Surface Inspection System LS9600

December 13, 2022
TOKYO, Dec 13, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi High-Tech Corporation announced today the launch of the LS9600, a new system for detecting particles and defects on non-patterned wafer surfaces. It features a new high-output, short-wavelength laser that improves throughput at the sensitivity levels required for the mass production of cutting-edge semiconductor devices by approx. 2.6 times compared to our previous generation systems. By introducing this product, Hitachi High-Tech will continue to help to improve yields and reduce inspection costs associated with customers' mass production of semiconductor devices.Wafer Surface Inspection System LS9600Development BackgroundNon-patterned wafer inspection systems are used for applications such as controlling the condition (cleanliness) of non-patterned wafers to manage particles and defects in semiconductor device manufacturing equipment. Due to the shrinking of semiconductor devices, the defects of interest (DOIs), which impact yield during the manufacturing process, have also become smaller in size. As a result, there is a growing need for high-sensitivity inspection that can detect DOIs of 20 nm and smaller across the entire surface of non-patterned wafers. In addition to high-sensitivity inspection to improve yield, there is also a strong demand for high throughput, which leads to lower inspection costs.Key New TechnologiesThis system achieves both high sensitivity and high throughput by implementing the following new technologies.1. High-Output, Short-Wavelength LaserThe deep-ultraviolet laser has a higher output and shorter wavelength than legacy systems, which increases the amount of light scattered by microscopic defects, thereby achieving a higher degree of sensitivity.2. New Optical Detection SystemThe new optical detection system features a larger surface area to capture light scattered by DOIs compared to the legacy systems. In addition, its newly developed high-sensitivity sensor has improved the detection rate of weak scattered light by around 20%.3. New Data Processing SystemImproved scattered light data-processing algorithms deliver higher sensitivity, together with higher throughput due to high-speed, real-time data processing.By using this product, as well as our wafer optical inspection systems, and electron beam-based products such as a traditional CD-SEM(1) and DR-SEM(2), Hitachi High-Tech is working to meet customers' various needs in processing, measurement, and inspection throughout the semiconductor manufacturing process. We will continue to provide innovative and digitally enhanced solutions to our products for the upcoming technology challenges, and create new value together with our customers, as well as contributing to cutting-edge manufacturing.(1) CD-SEM (Critical Dimension-Scanning Electron Microscope): An equipment for measuring the microscopic circuit patterns on semiconductor wafers. Used for inspections on semiconductor devices development and production lines, these systems are essential for yield management.(2) DR-SEM (Defect Review-Scanning Electron Microscope): An equipment for reviewing the microscopic circuit patterns and defects on semiconductor wafers. Used for inspections on semiconductor devices development and production lines, these systems are essential for yield management.About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, and analytical instruments, semiconductor manufacturing equipment and analysis equipment. and providing high value-added solutions in fields of social & industrial infrastructures and mobility, etc. The company's consolidated revenues for FY 2021 were approx. JPY 576.8 billion [USD 5.1 billion]. For further information, visit www.hitachi-hightech.com/global/Contact:Yuuki MinataniBusiness Planning Dept., Metrology Systems Div.,Nano-Technology Solution Business Group, Hitachi High-Tech CorporationE-mail: yuki.minatani.dc@hitachi-hightech.com Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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JE Cleantech (JCSE) Announces Annual General Meeting Results ACN Newswire

JE Cleantech (JCSE) Announces Annual General Meeting Results

December 8, 2022
SINGAPORE, Dec 7, 2022 - (ACN Newswire via SEAPRWire.com) - JE Cleantech Holdings Limited (Nasdaq: JCSE), ("the Company") a Singapore-based cleantech company, today announced the results of the Company's Annual General Meeting of Shareholders (the "AGM") held on December 6, 2022, at the Company's offices located at 3 Woodlands Sector 1, Singapore 738361.Appointment of Board of DirectorsAt the AGM, the shareholders of the Company approved and ratified the appointment of Hong Bee Yin, Long Jia Kwang, Joanne Khoo Su Nee, Karmjit Singh, and Tay Jingyan, Gerald as members of the Board of Directors to serve for the ensuing year.Approval of Equity Incentive PlanAt the AGM, the Company's shareholders also approved a resolution to adopt the Company's 2022 Equity Incentive Plan.About JE Cleantech Holdings LimitedJE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. http://www.jecleantech.sg/Disclaimer: Forward looking statementsThis news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.For Media Enquiries and Investor Relations, please contact:jcse@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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JE Cleantech (JCSE) Announces Strong Growth in Q3 2022 ACN Newswire

JE Cleantech (JCSE) Announces Strong Growth in Q3 2022

December 1, 2022
SINGAPORE, Nov 30, 2022 - (ACN Newswire via SEAPRWire.com) - JE Cleantech Holdings Limited (Nasdaq: JCSE), ("the Company") a Singapore-based cleantech company, today announced encouraging Q3 financial results, for the three months period ended 30 September 2022 (the "reporting period"). During the reporting period, the Company has maintained strong growth in its overall business performance with revenue that more than doubled and a strong turnaround in net income.For the three months period ended September 30, 2022, the Company's total revenue increased by approximately S$3.5 million or 141.8% to approximately S$5.9 million from approximately S$2.4 million in the quarter ended September 30, 2021. The increase was mainly derived from the increase in revenue generated from the Company's sale of cleaning systems and other equipment business of approximately S$3.2 million and the provision of centralized dishwashing and ancillary services business of approximately S$0.3 million, attributable to the post COVID-19 recovery of business.Net income of the Company for the reporting period amounted to approximately S$0.6 million, compared to a net loss of approximately S$0.2 million in the same period last year, indicating a significant turnaround for its business performance.During the reporting period, the Company recorded a gross profit margin of approximately 26.0%, an increase of 63.5% year-over-year. Diluted Earnings Per Share was approximately S$0.05, compared to the basic losses per share of approximately S$0.01 during the same period in 2021. Ms. Bee Yin Hong, CEO and Founder, JE Cleantech said, "We are excited to announce that JE Cleantech has performed well during Q3 2022. Our Q3 results reflect our strong focus on exploiting the rapid recovery of the electronic manufacturing and F&B sectors. As a leading manufacturer of precision cleaning systems and provider of centralized dishwashing and ancillary services in Singapore, we will continue to drive our long-term expansion plans".JE Cleantech has been providing centralized dishwashing services in Singapore since 2013, for customers in various industries, including HDD manufacturing, semiconductor manufacturing, food and beverage, and public transportation. The Company's revenue contributes approximately 15 per cent market share in 2020 in terms of revenue (source: Euromonitor estimates from desk research and trade interviews with leading centralized dishwashing services providers and the relevant trade associations in Singapore). Moving forward, the Company will persistently spare no efforts in further expanding its business, widening its product offerings to more industries, growing its market share, and generating long-term and sustainable returns for its shareholders and investors.About JE Cleantech Holdings LimitedJE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. http://www.jecleantech.sg/[1] These financial and other data for the three months and nine months periods ended September 30, 2021 and 2022 have not been audited or reviewed by the Auditors.Disclaimer: Forward looking statementsThis news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.For Media Enquiries and Investor Relations, please contact:jcse@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Pie Systems Japan Signs a Strategic Partnership Agreement with JAPAN POST BANK JCN Newswire

Pie Systems Japan Signs a Strategic Partnership Agreement with JAPAN POST BANK

November 29, 2022
TOKYO, Nov 29, 2022 - (JCN Newswire via SEAPRWire.com) - Pie Systems Japan Co., Ltd., a leading Travel Tech which provides the VAT refund solution PIE VAT and a subsidiary of Pie Systems Inc, today announced a strategic partnership agreement with JAPAN POST BANK Co., Ltd., a bank in the Japan Post Group which provides comprehensive financial services to a wide range of individual customers, mostly through the nationwide network of post offices. The partnership aims to leverage JAPAN POST BANK's nationwide network, and expand PIE VAT member merchants in Japan.Tax-free sales process with PIE VATIn this Strategic Partnership AgreementIn order to contribute to regional revitalization by encouraging regional businesses to implement digital transformation, JAPAN POST BANK will engage in acquiring PIE VAT merchants and enhancing the tourism experience of inbound tourists to Japan.Pie Systems Japan will encourage merchants to accelerate digital transformation by introducing PIE VAT and improving business operations efficiency. Pie Systems Japan will contribute to increasing business opportunities for merchants and revitalizing the regional economy by improving the shopping experience for inbound tourists to Japan.About PIE VATPIE VAT is a digital platform delivering delightful tourism, starting with digitizing tax-free shopping for merchants and tourists. Merchants can set up PIE VAT on their PC or tablets without hardware integration. Tourists easily claim their VAT refunds when traveling abroad with PIE VAT app. PIE VAT can reduce the operational burden for merchants and improve the shopping experience for tourists.About JAPAN POST BANKJAPAN POST BANK Co., Ltd. is a bank in the Japan Post Group, which was established in October 2007. The Bank provides comprehensive financial services to a wide range of individual customers, mostly through a nationwide network of post offices, with the aim of becoming "the most accessible and trustworthy bank in Japan." For more information, visit https://www.jp-bank.japanpost.jp/en_index.html About Pie Systems and Pie Systems JapanPie Systems streamlines the process of VAT-free shopping for tourists, maximizing value and efficiency for both tourists and merchants alike. With the fully digitized end-to-end solution PIE VAT, merchants can facilitate, and tourists can claim VAT refunds at the touch of a button on their mobile device. For more information, visit https://www.pievat.com/For media queries, please contact:Kumiko KidaMedia RelationsPie Systems JapanEmail: kumiko.kida@piesystems.io Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Rail wins major contract to deliver sustainable digital commuter railway in the Philippines JCN Newswire

Hitachi Rail wins major contract to deliver sustainable digital commuter railway in the Philippines

November 18, 2022
TOKYO, Nov 18, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Rail has been awarded a major contract worth around 114bn JPY(1) (around 814m USD) called CP04 by the Philippine Government's Department of Transportation to deliver Electrical & Mechanical Systems and Track Works, including digital signalling for the new commuter railway from Solis to Malolos in the Philippines.Guiguinto StationThe project will cover around 35.4km and nine stations on the North South Commuter Railway, a 147km commuter line from Calamba to Clark, and will be funded by the Japan International Cooperation Agency (JICA).In a significant boost for sustainability in the Philippines, the project will reduce rail carbon emissions and encourage the use of environmentally friendly public transport over higher polluting cars.Hitachi Rail will introduce its innovative European Train Control System (ETCS) Level 2 signalling on the North South Commuter Railway. ETCS signalling technology monitors the train's movement and the speed limit on the track and will help reduce the energy footprint of the railway by enabling very efficient operation of the trains. The introduction of ETCS Level 2 signalling will also boost safety on the line by enabling automatic activation of train safety functions, including emergency braking in case of danger or if trains exceed the track's maximum line speed.Hitachi Rail is a global industry leader in digital signalling and was one of the pioneers to introduce ETCS technology in Europe - in the UK, Italy, Spain, Sweden and France - as well as in the highly competitive markets of China and India. Hitachi is now bringing its global digital signalling expertise to the Philippines in a first for the country by delivering the complete turnkey E&M systems of signalling, electrification, telecommunications, depot equipment, fare collection and trackwork for the railway.Takuya Yamakawa, Deputy Head of Japan Business, Head of Asia and Japan Initiatives (Sales and Projects), Railway Systems Business Unit, Hitachi, Ltd., said:"We are proud to be awarded this contract to bring our digital signalling expertise to the Philippines, following our experiences pioneering the technology and successfully introducing it to countries across Europe and Asia. By delivering this project, Hitachi Rail will reduce a major commuter railway's energy footprint, supporting greener travel."With ownership of cars and congestion in Manila projected to continue to increase rapidly, it is vital we support commuters to use more sustainable rail transport. Our state-of-the-art railway systems will do just that - encouraging rail travel by boosting safety, bringing huge benefits to passengers and driving down emissions in the Philippines."(1) Exchange rates as of 16th November, 2022 were used: 1 PHP=2.43 JPY,1 EURO=145.08 JPY, 1USD=139.80 JPYAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billions of yen (84,136 millions of U.S. dollars), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.About Hitachi RailHitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, service & maintenance, digital technology and turnkey solutions. With a presence in 38 countries across six continents and over 12,000 employees, our mission is to contribute to society through the continuous development of superior rail transport solutions. We are proud of our global achievements, from our world famous "bullet trains", to our signalling solutions and turnkey projects, state-of-the-art traffic management and digital solutions. Drawing on the wider Hitachi Group's market-leading technology and research-and-development capabilities, we strive for industry leading innovations and solutions that can deliver value for customers and sustainable railway systems that benefit wider society. For information about Hitachi Rail, visit www.hitachirail.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Samaiden Posts 71.82% Revenue Increase in 1Q FY2023 ACN Newswire

Samaiden Posts 71.82% Revenue Increase in 1Q FY2023

November 16, 2022
PETALING JAYA, Malaysia, Nov 16, 2022 - (ACN Newswire via SEAPRWire.com) - Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants today announced that for the first quarter ended 30 September 2022 (1Q FY2023), revenue grew 71.82% to RM40.77 million compared with RM23.73 million registered in 1Q FY2022.Group Managing Director of Samaiden, Ir. Chow Pui HeeFor the quarter under review, Samaiden recorded 19.90% increase in profit before tax to RM3.28 million compared with RM2.74 million in the corresponding quarter of the previous financial year. For 1Q FY2023, profit after tax registered growth of 18.02% to RM2.44 million compared with RM2.07 million in 1Q FY2022.EPCC services contributed to approximately 99.63% of Samaiden's revenue in 1Q FY2023. Its other businesses are environmental consultancy and operation and maintenance.Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "The financial performance in the quarter under review is largely attributable to an increase in the number of projects as well as the higher value of the contract sums. We view positively the launch of the National Energy Policy 2022-2040 in September 2022 as it outlines the future and key priorities for the energy sector in the coming years. The policy will position the energy sector as a catalyst for socioeconomic development.""We are also encouraged by the new opening of a 600MW quota application by the Ministry of Energy and Natural Resources' under the Corporate Green Power Programme (CGPP) initiative. The CGPP uses the virtual power purchase agreement to enable the sale of renewable energy to corporate clients on mutually agreed pricing and contract duration. And the large-scale solar farm developers and/or generators can participate in the electricity market operated by Single Buyer through the New Enhanced Dispatch Arrangement (NEDA) mechanism and trading of the Renewable Energy Certificate (REC) and/or any green attributes.""The increasing adoption of solar PV systems and power plants by businesses keen to accelerate their efforts in Environmental, Social and Governance (ESG) initiatives will also provide us opportunities to offer our EPCC services for the installation of solar PV systems as well as solar and non-solar power plants. We will continue to leverage on our core competency and experience in providing end-to-end services for potential solar PV and other non-solar projects."Since the start of FY2023, Samaiden has secured new EPCC contracts with a combined value of approximately RM8.10 million. The new contract wins bring the current outstanding orderbook to RM325.40 million as of 30 September 2022 and is expected to contribute positively to revenue and profit over the next three years.Samaiden Group Berhad: 0223 [BURSA: SAMAIDEN], https://samaiden.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Astemo further expands its electrification business and will provide inverters and motors to JATCO, which will supply e-Axles to Nissan JCN Newswire

Hitachi Astemo further expands its electrification business and will provide inverters and motors to JATCO, which will supply e-Axles to Nissan

October 31, 2022
TOKYO, Oct 31, 2022 - (JCN Newswire via SEAPRWire.com) - As a global leader in electrification, Hitachi Astemo, Ltd. will provide inverters and motors to JATCO Ltd (henceforth, JATCO), which will supply e-Axles to Nissan's future e-POWER* and battery electric vehicles.Depiction of Electric AxleFor Nissan's electric axles, of which JATCO will be responsible as a Tier 1 systems integrator, Hitachi Astemo will deliver highly efficient, low-loss motors that use a square wire, as well as highly efficient inverters.A number of countries around the world have been expressing their commitment to achieving carbon neutrality, and automakers are accelerating the launch of environmentally friendly vehicles, which include electrified vehicles. Demand is expected to rise for e-Axles that are not only lightweight, compact and efficient, but also more efficient to manufacture, with lower cost through a reduced number of parts. To this end, Hitachi Astemo will respond to the rapidly expanding e-Axle demand by expanding sales of its in-house developed electric axles to various automobile manufacturers globally. It will also supply motors and inverters for electric axles assembled by automobile and gearbox manufacturers.Moving forward, Hitachi Astemo will strengthen its position as a global leader in electrification. This will be achieved by leveraging synergies from the 2021 merger of Hitachi Automotive Systems with Keihin, Showa and Nissin Kogyo to form Hitachi Astemo, taking advantage of the integrated technologies and resources while further enhancing its global production bases. Specifically for the electrification business, it is aiming to invest 300 billion yen including R&D until fiscal 2025, increase sales revenue to over 400 billion yen in fiscal 2025 and more than double sales revenue by fiscal 2030.Hitachi Astemo in cooperation with Hitachi's R&D Group boasts an inverter with industry-leading power density, thanks to its unique cooling power module and small, thin, highly heat-dissipating insulation mounting technology. Motors are Hitachi's founding product, and Hitachi Astemo has established a competitive advantage in torque density through the technologies it has cultivated over the years--which include material development, analysis, sound-reducing and manufacturing technologies to develop the magnetic circuits comprised of magnets, electromagnetic steel sheets, and windings. Hitachi Astemo also shows its strengths as a systems integrator, which includes optimization control software for motors and gears. At the same time, JATCO leverages its accumulated expertise from the development and mass production of transmissions to produce compact and quiet gearboxes. This combined with Hitachi Astemo's motors and inverters is a total e-Axle package for Nissan, boasting industry- leading efficiency, low vibration, low noise and modular design.Hitachi Astemo is committed to strengthening its business and delivering technological innovation through a strategic business portfolio, which consists of the Powertrain & Safety Systems business, Chassis business, Motorcycle business, Software business and Aftermarket business. Aiming for a better environment globally and growth around the pillars of "green," "digital," and "innovation," Hitachi Astemo will deliver highly efficient internal combustion engine systems; electric systems that reduce emissions; autonomous driving for improved safety and comfort; advanced driver assistance systems; and advanced chassis systems. Through such advanced mobility solutions, Hitachi Astemo will contribute to realizing a sustainable society and provide enhanced corporate value for our customers.*e-POWER: Nissan trademark. Gasoline engine charges the battery while the vehicle runs 100% on the electric motor.About Hitachi Astemo, Ltd.Head Office: New Otemachi Building, Otemachi 2-chome, 2-1, Chiyoda-ku, Tokyo Business: Development, manufacture, sales and service of machinery and equipment and systems for automotive parts and transportation and industrial use For more information, please visit the Hitachi Astemo website: www.hitachiastemo.com/en/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Astemo Develops Prototype 360-Degree Stereo Vision with Multi-Camera 3D Sensing JCN Newswire

Hitachi Astemo Develops Prototype 360-Degree Stereo Vision with Multi-Camera 3D Sensing

October 21, 2022
TOKYO, Oct 21, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Astemo, Ltd. has developed a prototype 360-degree stereo vision system for automated vehicles traveling on regular streets. Based on multi-camera 3D sensing, the all-surrounding sensing system is both high-resolution and highly accurate.Most of the current automated driving systems are limited to highway driving. To enable automated driving systems to be used on general roads, they need to accurately recognize the entire road environment around the vehicle, including a complex mix of objects such as pedestrians and bicycles. Radar and LiDAR systems with high-ranging accuracy, however, still face cost issues before they can see widespread adoption, and all-surrounding-area camera systems, which although are superior in terms of cost, are mainly based on a monocular camera that is still continually evolving to improve accuracy and other issues.Hitachi Astemo, together with the Research and Development Division of Hitachi, Ltd., leveraged their strengths in stereo camera technology to develop a prototype of the 360-degree stereo vision system, using multi-camera 3D sensing that enables distance measurement with the stereo camera technology. Instead of the conventional module consisting of two cameras with the same view angle and being nearly parallel to each other, the camera layout has been made more flexible to use a combination of approximately 10 cameras with different angles of view, including non-parallel cameras to provide stereoscopic 3D vision. By integrating multi-camera 3D sensing into a single in-vehicle camera system, the system realizes 360-degree stereo vision, with a cost advantage, high accuracy and resolution.By generating highly accurate distance information in stereo and all around the vehicle, the system can detect such elements as the distance of a vehicle traveling in the adjacent lane, or a two-wheeled vehicle slipping through a line of cars from behind in a traffic jam. It can estimate the relative speed and direction of movement, and apply this information for vehicle control to avoid collisions and entanglement at intersections. In addition to basic object recognition of objects such as cars, motorcycles, pedestrians, and traffic lanes, the recognition function also includes turn signals, red lights, and brake lights to predict the behavior of other vehicles; as well as traffic signals, road signs, road edges, and free space areas available for driving--all of which are necessary to identify for while driving on ordinary roads.Furthermore, Hitachi Astemo has improved reliability and environmental resistance in camera sensing such as features to resist water droplets and dirt adhering to the lens surface, or shielding the entire lens in the snow. The AI has learned malfunction patterns caused by these factors and can identify malfunction factors that occur in each camera, thereby preventing malfunctions.Going forward, Hitachi Astemo will continue to strengthen its 360-degree stereo vision systems that combine cost advantages with high accuracy and resolution, as well as improved reliability and environmental resistance, with the aim to expand the scope of automated driving systems for use on general roads.Hitachi Astemo is committed to strengthening its business and delivering technological innovation through a strategic business portfolio, which consists of the Powertrain & Safety Systems business, Chassis business, Motorcycle business, Software business and Aftermarket business. Aiming for a better environment globally and growth around the pillars of "green," "digital," and "innovation," we will deliver highly efficient internal combustion engine systems; electric systems that reduce emissions; autonomous driving for improved safety and comfort; advanced driver assistance systems; and advanced chassis systems. Through such advanced mobility solutions, we will contribute to realizing a sustainable society and provide enhanced corporate value for our customers.For more information, please visit the Hitachi Astemo website: www.hitachiastemo.com/en/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Fujitsu, Toyota Systems leverage Fujitsu’s Quantum-Inspired Digital Annealer to streamline automobile production sequence JCN Newswire

Fujitsu, Toyota Systems leverage Fujitsu’s Quantum-Inspired Digital Annealer to streamline automobile production sequence

October 21, 2022
TOKYO, Oct 21, 2022 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited and Toyota Systems Corporation (hereinafter Toyota Systems) today announced the launch of a new automobile production instruction system at Toyota Motor Corporation's (1) Tsutsumi plant leveraging Fujitsu's Quantum-Inspired Digital Annealer technology (2).The Digital Annealer offers users access to powerful combinatorial optimization problem-solving capabilities for challenges that prove difficult for conventional hardware, and Toyota Systems and Fujitsu previously used the technology in 2020 in a project to optimize supply chain and logistics network operations essential to support automobile production. The latest project represents the first use case in Japan in which Fujitsu's Digital Annealer technology has been applied to streamline automobile production operations.The new system enables efficient and high-speed solution searching by utilizing constraint processing technology to express complex business constraints in equations and inequalities, a proprietary technology available since the third generation of the Digital Annealer--the processing technology was developed by Fujitsu Research based on its long-time expertise in the manufacturing industry.The new vehicle production instruction system will enable Toyota Motor Corporation to respond quickly to production fluctuations and also reduce the workload of its employees. Moving forward, Toyota Systems and Fujitsu plan to expand the system to Toyota Motor Corporation's other plants in Japan and, in the future, to Toyota Motor Corporation's overseas plants.From October 2022, Fujitsu will commercially launch its "Fujitsu Computing as a Service (below, CaaS)" service portfolio in Japan, which delivers advanced computing technologies such as the Digital Annealer and software technologies to regular commercial users, lowering the barrier to access high performance computing resources and technologies like AI. Fujitsu plans to roll-out the service globally to markets outside of Japan from fiscal 2023.Through the new technology developed for this project, Toyota Systems aims to realize a safe, secure and comfortable mobility society by supporting Toyota Motor Corporation's IT based business transformation.Fujitsu is committed to providing optimal IT environments and solutions that meet customers' diverse needs under its portfolio of global solutions to realize a sustainable world, "Fujitsu Uvance."(1) Toyota Motor Corporation:President and Representative Director: Akio Toyoda; Head Office: Toyota City, Aichi Prefecture, Japan.(2) Quantum-inspired technology:A number of acceleration technologies inspired by quantum technology, but not quantum effects.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.About Toyota SystemsToyota Systems is an IT solutions company established in Jan. 2019 by merging 3 different Toyota IT subsidiaries. The mission of the company is to support Toyota Motor Corporation and its group companies by developing innovative IT solutions and, by doing so, to contribute to develop the mobility society of the future. The number of the employees is approximately 3,000 and its support covers most of the Toyota's main business areas such as R&D, production, logistics, sales, administration etc... For more information, please see www.toyotasystems.com/en/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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BayWa r.e. Eyes Expansion of Standalone Power Systems in Australia ACN Newswire

BayWa r.e. Eyes Expansion of Standalone Power Systems in Australia

September 29, 2022
PERTH, W AUSTRALIA, Sep 29, 2022 - (ACN Newswire via SEAPRWire.com) - BayWa r.e., the global energy developer, service provider, and distributor, is looking to expand its offering on Standalone Power Systems (SPS) to more regions in the State of Western Australia, and in the future, nationally, to different market sectors that require remote or standalone power.This follows the company's success in providing SPS to farming, mining, business communities and homeowners in parts of rural Western Australia at the beginning of 2018, who have greatly benefited from this innovative and cost-effective power source.According to Western Power, the state owned corporation responsible for providing electricity in Western Australia, Western Australia has one of the largest isolated electricity networks in the world, and the provision of SPS at several sites in rural Western Australia in a trial exercise, helped ensure that the customers received adequate power supply.Mr. Durmus Yildiz, Managing Director at BayWa r.e. Solar Systems Australia said "We are proud to be a part of powering the remote communities in the State of Western Australia and to be able to put our expertise in energy solutions to benefit the greater community. Through our network of trusted and capable off-grid installers, whom we work with to design and build such SPS. This has enabled BayWa r.e. to cater to different customers, depending on factors such as their required size of the system, location, or customer preference."These SPS operate independently off the grid and supply continuous power 24 hours a day, using a mix of solar and battery storage and backup generation. It is by far one of the most efficient local energy solutions that allows customers and the wider community in these remote areas to access a steady supply of electricity.BayWa r.e. expansion plans for its offering of SPS include tapping into other regions in Western Australia, namely, the Kimberley and Pilbara as well as regions in the other states of the country such as the Northern Territory and Queensland. This vision of providing SPS nation-wide is part of BayWa r.e. 's commitment to aid Australia's energy transition processes.This is in line with the country's climate goal to reach net-zero emissions by 2050, which would require a rapid construction of an electricity grid running almost 100 percent on renewable energy.Some benefits of SPS includes serving as a safe and reliable source, maximised efficiency via clean energy storage, reduction in electricity costs, flexibility for communities to place systems where it is needed, and integrated system monitoring for improved maintenance."SPS is a clear choice for remote areas, agricultural and mining sectors. It is a reliable and cost-effective energy solution that can power up these communities in the interim as the country continues to expand and improve its electricity grid. We are also confident that through BayWa r.e.'s technical expertise and product knowledge in renewable energy, that new design elements will be implemented to these systems, to further contribute to the state and country's transition towards net-zero emissions," continued Mr. Yildiz.BayWa r.e. has been operating in Australia since 2016, after transitioning from existing solar wholesaling business Solarmatrix. The Projects team entered the Australian market through the acquisition and subsequent development of the Hughenden Solar Farm in Northern Queensland. The Wind Projects team was established through the acquisition of a local developer, Future Energy, and its project pipeline. In total, BayWa r.e. has delivered seven utility scale wind and solar assets in Australia, including the 112 MW Karadoc and the 106 MW Yatpool solar farms near Mildura in Victoria.BayWa r.e. AG (BayWa r.e.)At BayWa r.e. we r.e.think energy - how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.We are a leading global developer, service supplier, distributor and solutions provider and have brought over 4.5GW of energy online and manage over 10GW of assets. We are also an Independent Power Producer with an expanding energy trading business.BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.Our shareholders are BayWa AG, a EUR19.8 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment. Visit https://www.baywa-re.com/en/.Contact information:PRecious Communications for BayWa r.e. AGDaniel TanTel: +65 6303 0567E-mail: baywa-re@preciouscomms.com BayWa r.e. AGSalim PathanMarketing Manager, APACTel: +66 62 698 7162E-mail: salim.pathan@baywa-re.comMark CooperCorporate Communications Tel: +49 89 383932 3611E-mail: mark.cooper@baywa-re.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Astemo Receives EV e-Axle Orders from Honda, and will Further Expand its Electrification Business JCN Newswire

Hitachi Astemo Receives EV e-Axle Orders from Honda, and will Further Expand its Electrification Business

September 26, 2022
TOKYO, Sep 26, 2022 - (JCN Newswire via SEAPRWire.com) - As a global leader in electrification, Hitachi Astemo, Ltd. has received electric axle (e-Axle) orders for mid-size and large-size battery-electric vehicles from Honda Motor Co., Ltd., slated for a global rollout in 2026.Image of the electric axleHitachi Astemo as a systems integrator will deliver a high-performance, integrated drive unit for Honda, with the e-Axle system combining a highly efficient, silicon carbide (SiC) inverter; a square-wire, low-loss and high-efficiency motor; and a compact, quiet gearbox from a gearbox manufacturer.A number of countries around the world have been expressing their commitment to achieving carbon neutrality, and automakers are accelerating the launch of environmentally friendly vehicles, which include electrified vehicles. Demand is expected to rise for e-Axles that are not only lightweight, compact and efficient, but also more efficient to manufacture, with lower cost through a reduced number of parts. To this end, Hitachi Astemo will respond to the rapidly expanding e-Axle demand by expanding sales of its in-house developed electric axles to various automobile manufacturers globally. It will also supply motors and inverters for electric axles assembled by automobile and gearbox manufacturers.Moving forward, Hitachi Astemo will strengthen its position as a global leader in electrification. This will be achieved by leveraging synergies from the 2021 merger, taking advantage of the integrated technologies and resources while further enhancing its global production bases. Specifically for the electrification business, it is aiming to invest 300 billion yen including R&D until fiscal 2025, increase sales revenue to over 400 billion yen in fiscal 2025 and more than double sales revenue by fiscal 2030.Hitachi Astemo in cooperation with Hitachi's R&D Group boasts an inverter with industry-leading power density, thanks its unique cooling power module and small, thin, highly heat-dissipating insulation mounting technology. Motors are Hitachi's founding product, and Hitachi Astemo has established a competitive advantage in torque density through the technologies it cultivated over the years--which include material development, analysis, sound-reducing and manufacturing technologies to develop the magnetic circuits comprised of magnets, electromagnetic steel sheets, and windings. Hitachi Astemo also shows its strengths as a systems integrator, which includes optimization control software for motors and gears. By combining the differentiated technologies with cutting-edge technology from a gearbox manufacturer, Hitachi Astemo will provide cost-competitive e-Axles to automakers, with industry-leading efficiency, low vibration, low noise and modular design.Hitachi Astemo is committed to strengthening its business and delivering technological innovation through a strategic business portfolio, which consists of the Powertrain & Safety Systems business, Chassis business, Motorcycle business, Software business and Aftermarket business. Aiming for a better environment globally and growth around the pillars of "green," "digital," and "innovation," we will deliver highly efficient internal combustion engine systems; electric systems that reduce emissions; autonomous driving for improved safety and comfort; advanced driver assistance systems; and advanced chassis systems. Through such advanced mobility solutions, we will contribute to realizing a sustainable society and provide enhanced corporate value for our customers.For more information, please visit the Hitachi Astemo website: www.hitachiastemo.com/en/ Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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InvesTech Holdings Enters into MoU with Huawei to Offer Cloud-based Enterprise Application Solutions ACN Newswire

InvesTech Holdings Enters into MoU with Huawei to Offer Cloud-based Enterprise Application Solutions

August 25, 2022
HONG KONG, Aug 25, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, "the Group"; stock code: 1087.HK), a leading integrated smart-IT solutions provider in China, is pleased to announce that its subsidiary Wafer Systems (Asia) Limited ("Wafer Systems"), which owns smart-office software solutions flagship product Virsical, has entered into a memorandum of understanding (MoU) with Huawei Services (Hong Kong) Co., Limited ("Huawei"). Under the agreement, the two companies will collaborate strategically in the smart-office and cloud businesses to jointly offer enterprises digital transformation solutions.Authorised representatives, Mr. Stephen CHOW, General Manager of Wafer Systems (Asia) Limited (second from left), and Ms. CAO Lingling, Managing Director of Huawei Cloud Business Department, Hong Kong (second from right), signed the MoU at Revive Tech Asia 2022. Mr. Ringo CHAN, Chairman, Chief Executive Officer and Executive Director of InvesTech Holdings (first from left), and Mr. Denny DENG, Chief Executive Officer of Huawei International Co. Limited (first from right) witnessed the signing. Wafer Systems and Huawei signed the MoU on 24 August 2022 at Revive Tech Asia 2022, a technology conference and exhibition held at Hong Kong's AsiaWorld-Expo. Under the MoU, the two companies will engage in in-depth collaboration in the form of an annual contract to explore the smart-office and cloud businesses for a three-year period spanning August 2022 to August 2025. Fully leveraging their advantage of resource aggregation, Wafer Systems and Huawei will join hands to launch two ground-breaking cloud-based enterprise application solutions - "AIoT-based Smart Building Digital-twin Solution" and "Huawei Cloud Digital Administrative Office Solution" - to empower clients in various industries undergoing digital transformation."AIoT-based Smart Building Digital-twin Solution" is a Virsical AIoT platform-centred, Huawei Cloud-powered system that collects and analyses information on people's behaviour, terminal equipment and space status in a building by integrating building space management systems and various smart hardware and terminals, creating a digital platform that enables information collection, resource sharing and optimised management. It also enables digital management of enterprise operations including facilities management, energy-saving measures, emissions reduction, office services, monitoring and alarms, emergency services and information distribution. Using the system, enterprises are able to achieve intelligent collaboration involving people, objects and space, and realise the intelligent transformation of administrative management, to increase the efficiency of building operations and management, and to lower operating costs."Huawei Cloud Digital Administrative Office Solution" is a corporate digital twin smart-management platform built on the Huawei Cloud that utilises advanced technologies such as the Internet of Things (IoT). It is a platform for information collection, resource sharing and optimised management that enables real-time dynamic monitoring and control of equipment operations. The platform can be used in various scenarios involving corporate administration, including but not limited to workstation management, meeting management, visitor management, access management, smart-locker management, smart-washroom management and space asset management. It helps companies achieve intelligent management of people, objects and space, making real-time decision making more efficient and precise. It also assists companies in achieving the smart transformation of administrative management and conducting green and low-carbon operations in office buildings. Mr. Ringo CHAN, Chairman, Chief Executive Officer and Executive Director of InvesTech Holdings, said: "It is our great honour to be highly regarded by, and to collaborate with, Huawei, one of the most outstanding technology giants in the industry. The MoU is expected to bring business synergies in terms of cloud-based enterprise application solutions and to facilitate product innovation so we can optimise our solutions to provide clients with better products and services. Through this strategic collaboration, we can reach Huawei's customers, expanding our customer base and industry share in the high-potential Chinese market.""Looking forward, we foresee opportunities and collaborative efforts in many areas with Huawei in jointly exploring other types of cloud-based enterprise application solutions related to system integration - namely cloud migration, cloud security and cloud backup. To give full play to our complementary advantages, the Group will strive to deepen its partnership with Huawei, with the aim of optimising the Group's core competences in the long run."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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MHI Thermal Systems Receives “Best Rated Brand” in Split System Air Conditioner Category from Australia’s Product Review Site JCN Newswire

MHI Thermal Systems Receives “Best Rated Brand” in Split System Air Conditioner Category from Australia’s Product Review Site

August 19, 2022
TOKYO, Aug 18, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), part of Mitsubishi Heavy Industries (MHI) Group, has been voted the "Best Rated Brand" in Australia's "2021/2022 Finder Customer Satisfaction Awards," for its split system air conditioners(1) in the Retail Awards category. This is the second time, and the second year in a row, that MHI Thermal Systems has received this award from Finder, Australia's leading consumer product comparison site. The award is presented to MHI Thermal Systems' local subsidiary, Mitsubishi Heavy Industries Air-Conditioners Australia, Pty. Ltd. (MHIAA).The Finder Customer Satisfaction Awards are determined based on surveys of more than 20,000 local consumers who purchased products in more than 200 categories. MHI Thermal Systems won in the split system air conditioner category with an overall rating of 4.5 out of a maximum 5, plus a 100% recommendation rating(2). In the consumer evaluations of "features and functions" and "heating and cooling performance," MHI Thermal Systems' offerings received a 4.7 rating, as well as high ratings for its "value for money" and "quietness".Finder is considered Australia's leading consumer product comparison site. It has won the trust of local consumers by providing product reviews, independent comparative analyses, and other useful information that have helped Australians make over 24 million informed purchasing decisions. Every year Finder announces its choices of the most outstanding brands based on the opinions of consumers who have purchased consumer goods across a broad spectrum. Its 2021/2022 awards were decided on the basis of the latest surveys of customer satisfaction with products they purchased within the preceding 3 months to 3 years, cooperating with a leading consulting firm.Yuji Ito, Managing Director of MHIAA, reacted to receipt of the latest Finder Award saying that receiving this accolade two years in a row, based on the views expressed by Australian consumers, was a source of tremendous pride. "We are honored to receive this acknowledgment from Australian consumers, who use our products in their homes and everyday lives. An air conditioner is an investment for many consumers, and it is a wonderful testament of our dedication to produce exceptional products to be awarded this honor for the second year in a row."MHI Thermal Systems, through MHIAA, has previously been selected for four consecutive years as the "Best Brand" of residential air conditioners by CHOICE, the Australian Consumers Association, Australia's leading consumer advocacy group. In addition, for three straight years the company's lineup has been certified as the No.1 brand in overall customer satisfaction by Canstar Blue Pty. Ltd., an organization that conducts consumer surveys in Australia and New Zealand.Spurred on by the latest Finder Award, MHI Thermal Systems will continue developing technologies and products that make customers comfortable and provide optimal thermal solutions to a range of customer needs. The company will apply its comprehensive technological capabilities, derived from synergies between its broad-based air-conditioning and refrigeration operations.(1) Split system air conditioner refers to a residential-use air-conditioning system consisting of indoor and outdoor units. They offer higher heating/cooling efficiency than single-unit systems.2) Finder's recommendation ratings correspond to the percentage of surveyed buyers who respond to a question asking whether they would recommend their purchased item to friends and acquaintances.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Government Association Endorses Blockchain for Elections ACN Newswire

Government Association Endorses Blockchain for Elections

August 3, 2022
Washington, D.C., Aug 3, 2022 - (ACN Newswire via SEAPRWire.com) - The 2020 US elections were a painful display of a breakdown in public trust. Declining trust in elections threatens democratic institutions all over the world, and it is imperative we restore it in our democratic institutions.US Federal law requires that overseas, military, and disabled voters have access to remote voting. States permit the use of email, fax, or mail-in ballots. However, many of these methods used today lack the security required to maintain integrity of the election results. The most important aspect in restoring trust is to manage all ballots securely, whether paper or electronic.Susan Eustice, Chair of the Government Blockchain Association (GBA) Voting Working Group has a lifetime of experience with elections. Her father invented the first mechanical voting machine, and she has been a researcher in the election and technology field for over 60 years. Eustice stated, "the same technologies banks use to move trillions of dollars each day can be made private and secure enough for elections by adding blockchain technology".However, there are two reasons why mobile devices and blockchain are typically not used for federal elections:There is a concern that internet-connected systems cannot be made private and secure for elections.The standard used by laboratories to certify election systems is called the Voluntary Voting System Guidelines (VVSG) published by the US Elections Assistance Commission (EAC). However, the VVSG prohibits election systems connected to the internet.The GBA has released two reports to address these issues.The GBA Voting Working Group reviewed the VVSG and identified the changes needed to enable the certification of Remote Accessible Ballot Delivery, Marking & Return (RABDMR). This contribution is offered to the EAC to revise the VVSG and include using blockchain & mobile devices for certifying election systems. Download the VVSG Supplement for Remote Accessible Ballot Delivery Marking & Return (RABDMR).The GBA assembled industry experts to debate remote digital voting at an event called Blockchain & Voting. Consequently, the participants agreed to draft a report comparing the functional and security considerations of available remote ballot return The report can be downloaded at Remote Election Technology ReportThe work that the GBA has done and continues to do to support the use of blockchain technology, securing elections and public confidence in public institutions is paramount. For more information visit www.GBAglobla.org or contact gerard.dache@GBAglobal.org. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Singapore NASDAQ Listed Precision Cleaning Systems Manufacturer And A Provider of Centralized Dishwashing And Ancillary Services, JE Cleantech Holdings Rings Closing Bell ACN Newswire

Singapore NASDAQ Listed Precision Cleaning Systems Manufacturer And A Provider of Centralized Dishwashing And Ancillary Services, JE Cleantech Holdings Rings Closing Bell

August 1, 2022
SINGAPORE, Aug 1, 2022 - (ACN Newswire via SEAPRWire.com) - JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), Singapore's leading manufacturer of precision cleaning systems and a provider of centralized dishwashing and ancillary services, recently rang the closing bell of the NASDAQ stock exchange.JE Cleantech Holdings Limited rings NASDAQ Closing BellElise Hong, CEO and Co-Founder, JE Cleantech Holdings LimitedNASDAQ Tower, New YorkJE Cleantech is a Singapore-based manufacturer of precision cleaning systems and a provider of centralized dishwashing and ancillary services in Singapore and Malaysia. Started in 1999, the company has an established local client network of long-term customers across Southeast Asia with a growing international footprint in markets such as Europe and the United States. The company also recently made its first foray into the tech hardware industry, securing its first contract to develop precision cleaning systems for a sensor products manufacturer.About JE Cleantech Holdings LimitedJE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. http://www.jecleantech.sg/For Media Enquiries and Investor Relations, please contact:jcse@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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MHIEC Receives Highest Award at 48th Outstanding Environmental Systems Awards JCN Newswire

MHIEC Receives Highest Award at 48th Outstanding Environmental Systems Awards

July 27, 2022
TOKYO, Jul 27, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a part of Mitsubishi Heavy Industries (MHI) Group, has received the "Ministry of Economy, Trade and Industry (METI) Minister's Award" at the 48th Outstanding Environmental Systems Awards, hosted by The Japan Society of Industrial Machinery Manufacturers (JSIM), for its newly developed stoker-type waste incinerator(1). The "METI Minister's Award," the highest award presented by JSIM, cited the incinerator's innovative V-shaped structure and low loss on ignition(2). An awards ceremony was held at the Kikai Shinko Kaikan building (Minato-ku, Tokyo) on July 26.Awards CeremonyInnovative stoker structure and incinerator shape enabling continuous receipt of radiant heatJSIM's Outstanding Environmental Systems Awards were inaugurated in 1974, with support from the METI (at that time, Ministry of International Trade and Industry), to promote research and development of environmental protection technologies and promote the adoption of outstanding environmental systems. Nominations for the awards are submitted by environmental system manufacturers and environmental engineering firms nationwide, and the award recipients are selected by a committee of experts based on criteria including innovativeness, economic merit and future potential. In addition to the METI Minister's Award, other awards are presented in the names of the Director-General of METI's Industrial Science and Technology Policy and Environment Bureau, Commissioner of METI's Small and Medium Enterprise Agency (SMEA), and the JSIM President.MHIEC's V-type stoker system for waste incineration with forward acting grate-bar incorporates improvements and advances from the company's earlier conventional type of stoker. It was developed to provide stable incineration and reduced volume of waste with wide-ranging properties and in diverse states, to contribute to reducing environmental load. The stoker structure and incinerator shape have been optimized so the surface of the stoker grates is directed at the center of the flame during all processes: drying, combustion and post-combustion. The foremost benefit derived from these innovations is the ability to receive radiant heat efficiently as the waste is combusted, enabling a reduction in the proportion of residual waste in the ash left after incineration.Efficient use of radiant heat also enables downsizing of the stoker, saving space for boiler house which typically requires significant space within a waste-to-energy plant. These improvements enhance freedom in planning installations at sites where available space is limited. MHIEC delivered its V-type stoker system of which plant went into commercial operation in January 2021 and is operating smoothly up to today.MHIEC has strengths in developing environmental system technologies cultivated over many years, and now, after receiving the latest JSIM award, the Company renews its determination to apply those strengths to the construction and operation of waste-to-energy plants that contribute to alleviating environmental impacts. In these ways MHIEC will make significant contributions to achieving the SDGs (Sustainable Development Goals), solving global environmental issues, and realizing a carbon-neutral society.(1) In a V-type stoker system, waste is dried, heated, mixed and combusted as it moves along on a grid of fire grates made of heat-resistant castings.(2) Loss on ignition represents the weight ratio of the unburnt content in the dried bottom ash.For further information on MHIEC's award-winning V-type stoker system:https://www.mhi.co.jp/technology/review/pdf/e592/e592060.pdfAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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JE Cleantech Secures More Than US$700,000 in New Orders During the First Half of 2022, Expands Capabilities into Tech Hardware ACN Newswire

JE Cleantech Secures More Than US$700,000 in New Orders During the First Half of 2022, Expands Capabilities into Tech Hardware

July 14, 2022
SINGAPORE, Jul 14, 2022 - (ACN Newswire via SEAPRWire.com) - JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), a Cayman Islands company whose group operations are based in Singapore, today announced the receipt of a new order by its subsidiary, JCS-Echigo Pte Ltd, from a major customer in Singapore. Under this new order, the group will design, develop and manufacture a new precision cleaning system under the customer's specified requirements. The new order is valued at approximately US$700,000 and represents an expansion of JE Cleantech Holding's presence in the tech hardware industry. The new customer designs and manufactures sensor products. The new customer is part of the international group that serves clients worldwide. With the new precision cleaning system by JCSE, the new customer will be able to deliver better services to its customers.JE Cleantech Holdings has experience in manufacturing precision cleaning systems for a wide range of sectors - past orders include cleaning and equipment manufacturing for hard disk drives, semiconductors, biomedical, food and beverage, and industrial electronics companies. As a leading homegrown industrial manufacturer with a long and proven track record, the entry into this new sector demonstrates JE Cleantech's ability to apply its expertise to different sectors to scale and support its growth.The precision-cleaning equipment manufacturing market in Singapore is estimated to reach an estimated S$143.0 million by 2025, marking a CAGR of 9.0 percent over the forecasted period. It also reflects an optimistic market outlook for the precision cleaning industry. The group also provides cleaning equipment and centralized washing services for food courts, hawker centers, restaurants, cookhouses, eldercare homes, and an inflight catering service provider. The Company has also maintained a healthy balance sheet through the height of the pandemic, the new partnership is the first step in a strong recovery for Singapore's industrial sector and positive prospects for the years to come. In the near term, JE Cleantech intends to double production capacity. The Company is looking to further expand its product portfolio and increase the size of its R&D and engineering team. Longer-term, the Company aims to become the preferred choice for all industrial precision cleaning needs in Singapore.About JE Cleantech Holdings LimitedJE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. http://www.jecleantech.sg/For Media Enquiries and Investor Relations, please contact:jcse@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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