MHI Group Presents “Best Innovation 2022” Awards for Activities that Contribute to Mitigating Impacts on the Global Environment JCN Newswire

MHI Group Presents “Best Innovation 2022” Awards for Activities that Contribute to Mitigating Impacts on the Global Environment

February 16, 2023
TOKYO, Feb 16, 2023 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has presented its "Best Innovation 2022" awards to 20 products, technologies and services related to its business activities and growth strategies that contribute to the preservation and protection of the global environment and mitigation of environmental impacts, thereby contributing to realization of a carbon neutral society. Through this in-house program, the Company aims to raise environmental awareness and encourage further innovation among its Groupwide employees.Of this year's 20 award-winning recipients, here we introduce 10 innovations related to the Company's strategic growth areas that will contribute to reduction of environmental impacts.Specialized safety facility for nuclear power plantsMitsubishi Heavy Industries, Ltd., Nuclear Energy SystemsMHI safely completed the design, manufacture, inspection, on-site construction and trial operation of a specialized safety facility (SSF) for nuclear power plants (NPPs), in response to calls for their installation under what are said to be the world's most stringent new regulatory standards. From formulation of the basic concept through to facility construction, MHI quickly completed the SSF for a pressurized water reactor (PWR) NPP, and based on its performance results and the acquired expertise, the Company have proactively been also working on an SSF for a boiling water reactor (BWR) NPP. As Japan's first facility specifically targeting backup safety and anti-terrorist protection, SSFs will further improve the safety and reliability of NPPs. The development project also demonstrated the outstanding level of MHI Group's comprehensive engineering capabilities.Compact CO2 capture system enabling easy transport and installationMitsubishi Heavy Industries Engineering, Ltd., Decarbonization Business DepartmentMHIENG developed a compact CO2 capture system to contribute to carbon neutrality for small to medium scale industrial emitters by applying the Company's proprietary "KM CDR Process" (jointly developed with The Kansai Electric Power Co., Inc.), which has been applied to large-scale facilities such as power generation systems, chemical plants, etc. Standardized modular design enables lower cost and shorter lead time as compared to conventional approach, and it also provides easy transportation and installation in locations with limited space. These enhancements have expanded the range of applications of "KM CDR Process" and exemplified by the system's adoption in the first commercial operation at a biomass-fired power plant. Demonstration testing has already been conducted at a waste incineration facility (waste-to-energy plant), a cement plant and gas engine application. Today the lineup is being expanded and a fully integrated customer support system is under development that will encompass new services such as automated operation and remote monitoring and after sales servicing. The new compact CO2 capture system has been named "CO2MPACT" (trademark registration pending), and with the name MHIENG will aim for a stronger market presence worldwide.TPQC, a system that automatically optimizes the entire production process of steel productsPrimetals TechnologiesPrimetals Technologies has introduced and commercialized the "Through-Process Quality Control System," (TPQC) - an IT solution that comprehensively optimizes the entire production process of steel by recording high-resolution data and by providing the centralized collection of quality, process and equipment related data. Also, TPQC enables steel producers to to reduce losses from quality deterioration caused by production process deviations, and contributes to energy savings and the reduction of carbon emissions. In addition, TPQC can partially compensate the lack of qualified personnel in steel production by digitizing and applying production know-how.EVOL, ultra-high-speed box making machines enabling twin box cuttingMitsubishi Heavy Industries Machinery Systems, Ltd., Printing & Packaging Machinery HeadquartersPerformance of the EVOL, MHI-MS's best-selling corrugated box making machines, has been newly optimized with the addition of two peripheral systems: a dual slotter unit (DSL) and prefeeder (MPF). Conventionally, one corrugated sheet is used to make one box; but with the DSL, two boxes can be made from a single sheet, thereby doubling production capacity. The MPF enables automated stable paper feeding to the EVOL at high speed. With the earlier EVOL, from 400 sheets a maximum of 400 boxes per minute can be printed, slotted, creased, pasted and folded, generating stacks of 20 to 25 boxes per operation. But with an EVOL equipped with the DSL, the same 400 sheets can yield up to 800 boxes per minute. With the synergy derived from a high-reliability after sales servicing system, the newly enhanced EVOL has already garnered strong support from users in North America and around the world.Video introducing the EVOL: https://youtu.be/j7eWsLbzIoEReduction of carbon emissions through provision of large-capacity centrifugal chillers for high-efficiency district coolingMitsubishi Heavy Industries Thermal Systems, Ltd., Chiller & Heat Pump Engineering DepartmentMHI Thermal Systems has commercialized high-efficiency, large-capacity parallel (i.e., featuring dual compressors) centrifugal chillers that consume minimal energy and are adaptable to lower environmentally impact refrigerants. As the global strategic product for the centrifugal chiller business, to date approximately 70 parallel type centrifugal chillers have been delivered mainly for the district cooling plant and semiconductor factory in the Middle East, Singapore, Korea and Japan. Their outstanding quality and high reliability have contributed significantly to enhance market recognition of MHI Thermal Systems in the global market. In addition, they also have contributed to reduce the carbon emissions substantially along with environmental protection by the adoption of lower environmentally impact refrigerants and higher energy efficiency characteristic compared to the conventional machine.Reusing processed waste material from the composite aircraft wing in household applicationMitsubishi Heavy Industries, Ltd., Commercial Aviation SystemsWaste materials from composite wings produced for Boeing's 787 mid-size aircraft is being reused in household application. Carbon fiber waste material generated during the wing production process is commercially repurposed for use in the pipes and handles of the "iNSTIK ZUBAQ," a cordless stick cleaner produced by Mitsubishi Electric Corporation. The move has put MHI in the lead in building a supply chain that includes reuse of difficult-to-recycle carbon fiber waste material in a mass-manufactured product. Effective use of resources has contributed to mitigation of environmental impact and protection of the global environment, thereby enhancing the Company's corporate image.Large frame gas turbine combustion technology enabling 20% hydrogen fuel blending operationMitsubishi Heavy Industries, Ltd., Energy SystemsMHI has successfully demonstrated world's largest hydrogen fuel blending operation in a high-efficiency large frame GTCC (gas turbine combined cycle) under both partial and full load conditions. The achievement was made based on the Company's accumulated experience and technology developments in hydrogen combustion, and the technology was applied in M501G GTCC power generation plant in use in the United States. The demonstration proved a combustion stability with use of a 20% hydrogen fuel blend. With hydrogen-blended combustion using a dry low NOx combustor, a turbine inlet temperature equivalent to natural gas firing was maintained, and hydrogen firing successfully kept emissions within the compliant range. What's more, while keeping emissions regulations, ability to lower the minimal operational load was also confirmed. This was the largest-scale test ever of hydrogen-blended fuel in a large frame GTCC, and it marked a major step toward achieving practical use of a hydrogen gas turbine.Combustion system and control technology enabling high-efficiency incineration and volume reduction of diverse waste materialsMitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd., Engineering DivisionMHIEC developed a V-shaped stoker type waste incinerator enabling low ignition loss (ratio of the unburnt content in the bottom ash), further optimizing the drying and combustion processes of the stoker type incinerators used in waste-to-energy plants. In order for the surface of the stoker grates to be directed at the center of the flame during all processes - drying, combustion and post-combustion - the incinerator is designed in "V-shaped" that leads to stable incineration as well as to reduce the volume of waste materials of diverse water content and other properties and states. The result is reduced ignition loss and increased incineration capacity per unit area of the stoker. In addition to greater combustion performance, the proprietary V-shaped structure simultaneously enables a more compact unit.Structural optimization technology enabling quiet automotive double scroll turbochargersMitsubishi Heavy Industries, Ltd., Research & Innovation CenterMHI has achieved low noise in automotive double scroll turbochargers by aerodynamic, vibration and other technologies. Noise is an issue of critical importance, and its resolution is expected to attract large-scale orders in the European market. Achieving low noise and low fuel consumption by high turbine performance was made possible by pursuing the optimized shape of the turbine blade's leading edge and optimal number of blades to minimize noise when installed in the customer's automotive engines. Noise reduction level was -13dB while maintaining aerodynamic performance. The low-noise concept is also applicable for reducing the aerodynamic noise of other turbomachines.Advanced light water reactor "SRZ-1200," contributing to realization of a carbon neutral society and enhancement of energy securityMitsubishi Heavy Industries, Ltd., Nuclear Energy SystemsMHI, in collaboration with four Japanese utilities employing pressurized water reactors (PWRs)*, is developing the conceptual design of an advanced light water reactor, the "SRZ-1200." The SRZ-1200 achieves the world's highest level of safety through incorporation of new safety mechanisms, including a core catcher - the world's newest technology for molten core materials of a nuclear reactor - and MHI's proprietary system to prevent emissions of radioactive materials. These and other innovations came on the back of the Company's accumulated technologies and expertise in the construction and maintenance of all 24 PWRs in Japan. Through proactive publicity - including press releases, promotional videos, etc. - MHI broadly conveys its specific initiatives and outstanding technological capabilities in the nuclear energy business, toward realizing a carbon neutral society and enhancing energy security, and these activities have contributed solidly to enhancement of MHI Group's public image.*Hokkaido Electric Power Co., Inc.; The Kansai Electric Power Co., Inc.; Shikoku Electric Power Co., Inc.; Kyushu Electric Power Co., Inc.The "Best Innovation" program has been held annually since 2003 to recognize innovative new products, services, technologies, businesses and environmental activities within MHI Group, and going forward the Company will continue to pursue further technological innovations. By providing the world with outstanding products and technologies, MHI Group looks to simultaneously contribute to realization of a sustainable society and to enhance its corporate value through the long term.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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The Evolving Global Landscape in Vaccine Development: Novotech and Endpoints News Webinar ACN Newswire

The Evolving Global Landscape in Vaccine Development: Novotech and Endpoints News Webinar

February 15, 2023
SYDNEY, AU, Feb 15, 2023 - (ACN Newswire via SEAPRWire.com) - Novotech, the leading Asia Pacific centred biotech CRO with extensive experience in vaccine trials, is convening an expert panel webinar covering the evolving landscape in vaccine development.Register here https://webinars.endpts.com/keeping-pace-with-the-evolving-global-landscape-in-vaccine-development/ Between 2017 and 2021, there were close to 1,400 industry-sponsored single country vaccine based clinical trials globally, with the Asia Pacific involved in over 45% of the trials. Download our latest data report here: Vaccines - Asia Pacific Clinical Trial Landscape. https://novotech-cro.com/whitepapers/vaccines-asia-pacific-clinical-trial-landscapeThe webinar, Keeping pace with the evolving global landscape in vaccine development, will hear from a panel of life science experts on the latest advancements and innovative modalities paving the way in the global vaccine development space including:- The COVID-19 impact on drug development and the regulatory landscape. - Key factors contributing to Asia Pacific being recognised as the hub for vaccine development and opportunities for biotech's to leverage. - Key considerations for pre-clinical and clinical planning to accelerate vaccine development, supporting a robust global strategy.Date/Time: March 09 11:00 am - 12:00 pm ESTRegister here https://webinars.endpts.com/keeping-pace-with-the-evolving-global-landscape-in-vaccine-development/Panelists:SUSHANT SAHASTRABUDDHEASSOCIATE DIRECTOR GENERAL, INTERNATIONAL VACCINE INSTITUTE (IVI)Dr. Sushant Sahastrabuddhe, Associate Director General at the International Vaccine Institute (IVI), joined in July 2010, leading the clinical trials of IVI's typhoid vaccine and process to achieve its licensure, the global clinical development of and licensure of SK bioscience's COVID-19 vaccines and Phase 1 and 2 trials of Bharat Biotech's Chikungunya vaccine. As a vaccine enthusiast with more than 17 years of experience in multiple countries across diverse projects, he continues to lead collaborative efforts with companies and partners in Korea, India and globally to get these vaccines through early- to late-stages of their clinical development. Dr. Sahastrabuddhe is also the Associate Editor for Vaccines for tropical diseases and associated with Yonsei University as Research Professor and with Universite Claude Bernanrd, Lyon France as Research Fellow. In 2021, Dr. Sahastrabuddhe was named an 'Honorary Citizen of Seoul' for his contributions to the joint efforts with Korean companies and international partners to develop vaccines against COVID-19 and other diseases.PAUL GRIFFINASSOCIATE PROFESSOR, INFECTIOUS DISEASES PHYSICIAN, MICROBIOLOGIST, UNIVERSITY OF QUEENSLANDAn Infectious Diseases Physician and Microbiologist, Dr. Paul Griffin was appointed as the Director of Infectious Diseases at Mater Health Services in 2013 and continues an appointment as an Associate Professor of Medicine at the University of Queensland Medical School. Additionally, Dr. Griffin chairs the Advanced Training Committee in Infectious Diseases with the Royal Australasian College of Physicians, the committee that oversees the training of Infectious Diseases specialists in Australia.Previously, Dr. Griffin was the Principal Investigator (PI) and Medical Director at Nucleus Network, a contract research organization specializing in infectious diseases trials, which included a PI role on in excess of 125 clinical trials predominantly in Infectious Diseases including novel vaccines and COVID-19 vaccines. With fellowships in Infectious Diseases from the Royal Australasian College of Physicians, in Clinical Microbiology from the Royal College of Pathologists of Australasia and from the Australasian College of Tropical Medicine, Dr. Griffin has an active interest in vaccine education and advocacy and has become a trusted media authority and spokesperson across the nation during the COVID-19 pandemic.BABAJI YADAVSENIOR CONSULTANT, NOVOTECH DRUG DEVELOPMENT CONSULTINGBabaji Yadav is a Senior Consultant with over eight years of academic experience in pre-clinical oncology drug development and eight years of industry experience in drug development. Babaji has a strong background in pharmaceutical sciences with a Ph.D. in Pharmacology and Toxicology from the University of Otago, New Zealand. Previously he has worked as a Research Project Manager to oversee IND-enabling toxicology studies for lead oncology drugs and, prior to joining Novotech, was a Clinical Project Manager for early-phase oncology trials. Babaji is a UK Registered Toxicologist and at Novotech he is focused on providing technical toxicology advice and product development strategies to facilitate the entry of client's compounds into clinical trials. Babaji has experience in small molecules, combination products, and biologicals including vaccines, proteins, monoclonal antibodies, and advanced cell and gene therapies.JENNIFER ARELLANODIRECTOR OF CLINICAL SERVICES (PHILIPPINES), NOVOTECHJennifer Arellano is the Director of Clinical Services in the Philippines with over 25 years of technical and leadership experience in managing clinical trial operations for sponsors and CROs. With a Bachelor of Industrial Pharmacy from the University of the Philippines and a Pharmacist license, Jennifer's research operations experience includes monitoring, auditing, project leadership, feasibility, study start-up, driving inspection readiness and hosting regulatory inspection, client engagement and business development, learning & development and organization SOP development/review. Jennifer has contributed to the transformation of the Philippine clinical research industry - bringing improvement to the local clinical research regulations and practices and is the founding President of a non-profit organization, the Philippine Clinical Research Professionals Inc, with more than 400 members from pharmaceutical and CROs, and has more recently, volunteered pro-bono services during the Covid-19 pandemic to provide trial management consultancy to the Philippine DOH-funded trials such as WHO Solidarity COVID-19 Treatment and Vaccine trials, Avigan COVID-19 treatment trial, and Philippine Heart Association funded cardiovascular outcome study.Novotech has recently acquired EastHORN, a European CRO with clinical, medical and regulatory expertise in multiple strategically important locations across the continent. The acquisition is part of Novotech's global expansion program in Europe and the US.Novotech has recently been benchmarked as a top 10 CRO among the world's leading CROs, is the recipient of the Asia Pacific Cell & Gene Therapy Clinical Trials Excellence award and the Asia-Pacific Contract Research Organization Company of the Year Award, and has signed 45 Leading Site Partnership agreements over the last 3 years.Novotech offers biotechs a unique and unparalleled suite of early to late-phase CRO services across Europe and the US, with a specialist focus on Asia Pacific where the company has built a reputation for delivering high-quality expedited clinical trials. About Novotech (Novotech-CRO.com)Novotech is internationally recognized as the leading Asia Pacific centred biotech Contract Research Organization (CRO) with global execution capabilities. Novotech is a clinical CRO with labs, phase I facilities, drug development consulting services and FDA regulatory expertise and has experience in over 3,700 pre-clinical and clinical projects, including Phase I to Phase IV clinical trials and bioequivalence studies. Novotech is positioned to serve biotech clients conducting clinical trials in Asia Pacific, the US and Europe. Novotech has over 2,700 staff working across offices in 20 geographies. For more information visit https://novotech-cro.com/contactMedia ContactDavid JamesE: communications@novotech-cro.comAU: +61 2 8218 2144 USA: +1 415 951 3228Asia: +65 3159 3427 Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Indonesian operator reinforces 5G transport network initiatives with time synchronization by NEC and ADVA JCN Newswire

Indonesian operator reinforces 5G transport network initiatives with time synchronization by NEC and ADVA

February 14, 2023
TOKYO, Feb 14, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) and ADVA will jointly deploy time synchronization solutions for Telkom Indonesia, the largest fixed network operator in Indonesia, to help the operator prepare its transport network to deliver time-sensitive 5G services across the country.New service monetization, such as the provision of ultra-low latency applications, is key for mobile operators to build momentum in the 5G era. In order to meet the anticipated demands of mobile operators and partners using Telkom Indonesia's services, the company is enhancing the timing accuracy of its transport network.NEC and ADVA will deliver solutions that support the "Precision time protocol telecom profile for phase/time synchronization with full timing support from the network" (PTP G.8275.1/2), recommended by the International Telecommunication Union (ITU) for the adoption of 5G networks. The network will further enable superior customer experiences even in dense urban areas, including Jakarta and other central cities. Time synchronization will also enable a flexible architecture that will accommodate the unique requirements for each region the operator serves."Working in close partnership with NEC, we're helping ensure that Telkom Indonesia can make the leap to highly reliable and accurate 5G timing. Our PTP grandmaster clock technology will provide vital backup to GNSS-based synchronization, delivering stable and precise timing from the core to an increasing number of edge locations," said Gil Biran, GM of Oscilloquartz, ADVA. "NEC's team shares our drive to exceed expectations and empower customers to succeed. Together, we're bringing the levels of reliability and stability that Telkom Indonesia's 5G network needs for the high-bandwidth, ultra-low latency services of tomorrow."NEC has been a trusted partner to Telkom Indonesia for over 30 years, supplying carrier-grade services with end-to-end project management ranging from consultancy, design and implementation to operational support, leveraging its nation-wide service coverage across numerous islands. Based on extensive knowledge of the operator's network and its experience deploying time synchronization solutions globally as part of 5G xHaul Transformation Services, NEC is leading the system integration of the total project."NEC is honored to extend our partnership with Telkom Indonesia," said Hideyuki Ogata, GM, Service Provider Solutions Department, NEC Corporation. "Capitalizing on our global alliance partnership with ADVA and its industry-leading technology, we are confident this project will lead to another step in developing replicable industry best practices and bringing to life inspiring new customer experiences with 5G networks."About ADVAADVA is a company founded on innovation and focused on helping our customers succeed. Our technology forms the building blocks of a shared digital future and empowers networks across the globe. We're continually developing breakthrough hardware and software that leads the networking industry and creates new business opportunities. It's these open connectivity solutions that enable our customers to deliver the cloud and mobile services that are vital to today's society and for imagining new tomorrows. Together, we're building a truly connected and sustainable future. For more information on how we can help you, please visit us at www.adva.com.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC www.nec.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Agreement with Altima to Produce Cheap & Clean Hydrogen in Alberta & British-Colombia ACN Newswire

Agreement with Altima to Produce Cheap & Clean Hydrogen in Alberta & British-Colombia

February 14, 2023
MONTREAL, QUEBEC, Feb 14, 2023 - (ACN Newswire via SEAPRWire.com) - St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is pleased to announce that its subsidiary H2SX and Altima Resources Limited (TSX-V: ARH) have entered into an agreement via a binding term sheet to move forward with the production of cheap and clean hydrogen (ccH2(TM)) in Canada.Altima has expressed its intention to use H2SX's hydrogen production (ccH2) and nano-carbon technology for the conversion of natural gas originating from gas & condensate wells in Alberta and British Columbia, Canada. H2SX will partner and will work on an exclusive basis with Altima in British Columbia and Alberta in the natural gas domain and for projects and companies that have traditional natural gas production of 65 MMcf/d or less.In accordance with the provisions of the Terms (ccH2) Altima will issue to H2SX 6,000,000 common shares upon the completion of milestones as set out in the performance shares schedule (the "Performance Shares") below:- 2,000,000 shares to be issued upon delivery of a preliminary technological engineering report.- 2,000,000 shares to be issued upon receipt of a detailed engineering report tailored to Altima's initial project.- 2,000,000 shares upon the delivery of a Preliminary Economical Assessment or a Prefeasibility Study.These shares will be subject to such further restrictions on resale as may apply under applicable securities laws. The close of the issuance of shares is subject to further review and acceptance by the TSX Venture Exchange.In addition to the issuance of Performance Shares, Altima has committed to the construction of a hydrogen processing facility utilizing the patented technology. Altima will fund and be co-operator of the hydrogen production plant(s) in relation to the gas wells it currently operates and in the future. One hundred percent of all capital expenditures will be reimbursed to Altima prior to any profit sharing between the joint venture parties.Altima will be responsible to provide and manage the natural gas input into the joint venture operations and all infrastructures and logistics associated with it and will receive credits for the sale of hydrocarbons to the green hydrogen operation through this producing joint venture.H2SX and its partner will be entitled to receive a 5% NRR for which a long form royalty agreement (the "Royalty Agreement") will be executed and will be an integral part of the Joint Venture Agreement between the parties; A formal management structure for the anticipated joint venture will be put in place between the parties."We look forward to working with H2SX in moving this exciting zero greenhouse gas (CO2) emission hydrogen production technology, into commercialization and for other prospective green tech opportunities that could benefit from utilizing low-cost green hydrogen," said Joe DeVries, President & CEO of Altima Resources."Alberta and British Columbia are strategic locations for H2SX. They will benefit from our low-cost, zero greenhouse gas (CO2) emission hydrogen production technology just as we will benefit from the low costs of their natural gas. A perfect synergy between Altima and us for the benefit of all. The production of cheap and clean hydrogen will spark a multitude of other opportunities such as the production of methanol, ammonia, or fertilizers (urea) with a very low environmental footprint. We can only be excited to start this collaboration with Altima as soon as possible," said Sabin Boily, CEO of H2SX.ON BEHALF OF THE BOARD OF DIRECTORS"Frank Dumas"FRANK DUMASDirector & COOAbout St-Georges Eco-Mining Corp.St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on Quebec's North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB Venture Market for early stage and developing U.S. and international companies under the symbol SXOOF. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.comThe Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.SOURCE: St-Georges Eco-Mining Corp. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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MEV Capital Partners with Marex Solutions to Offer On-chain Structured Products in DeFi SeaPRwire

MEV Capital Partners with Marex Solutions to Offer On-chain Structured Products in DeFi

February 14, 2023
London, the UK, February 13, 2023 - (SEAPRWire) - MEV Capital, a leading digital asset manager specializing in capturing value in the DeFi markets, and Marex Solutions, a renowned commodity broker and provider of OTC hedging solutions, announced their partnership to innovate and create new digital asset products.With MEV Capital's proficiency in DeFi and Marex's established reputation in the commodity markets, this collaboration is poised to pioneer novel and exciting opportunities for clients looking to diversify their portfolios and capitalize on the cryptocurrency industry.Harry Benchimol, Co-Head of Derivatives Engine at Marex Solutions, said, “We are thrilled to partner with MEV Capital and leverage their unique insight and market-neutral strategies in the DeFi space to provide a valuable offering to our clients. Manufacturing innovative derivatives with MEV Capital's expertise will allow both parties to create new products combining the best centralized and decentralized finance.”MEV Capital has been a prominent player in the DeFi space, specializing in on-chain yield strategies such as liquidity provision, statistical arbitrage, and carry trading. Their extensive experience and expertise in the DeFi market bring valuable insight and perspective to the partnership with Marex.The first financial instrument the two companies will collaborate on is a fixed-term DeFi-linked note on stablecoins. This structured product, a first-of-its-kind, will allow professional investors to benefit from the growth of cryptocurrencies while retaining a stable, national currency-linked exposure.Laurent Bourquin, Managing Partner of MEV Capital, said, “Our collaboration with Marex is a real leap forward for the institutionalization of DeFi. It will facilitate its access and anchor the positioning of digital assets as a new asset class for years to come.”MEV Capital has been successfully executing on-chain yield strategies for clients for over two years and is in the final stages of opening a dedicated DeFi market-neutral investment fund in the Cayman Islands.About Marex SolutionsMarex Solutions is a leading commodity broker and provider of OTC hedging solutions. With a reputation for staying ahead of the rapidly changing financial landscape, Marex continues to offer innovative products and services to its clients.About MEV CapitalMEV Capital is a digital asset manager specializing in extracting value from DeFi markets. The company's expertise in DeFi and on-chain yield strategies make it a valuable partner for clients looking to diversify their portfolios and benefit from the growth of the digital asset space.Media contactGytis TrilikauskisChief Operating OfficerMEV CapitalVilnius str. 31-9, LT-01402, Vilnius, Lithuania0037061278462 The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.comSectors: Top Story, Daily NewsSEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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NEC successfully demonstrated Multi-Vendor Near-RT RIC Integration in O-RAN Global PlugFest 2022 JCN Newswire

NEC successfully demonstrated Multi-Vendor Near-RT RIC Integration in O-RAN Global PlugFest 2022

February 13, 2023
TOKYO, Feb 13, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) successfully demonstrated multi-vendor integration and interoperability of a Near-Real-Time RAN Intelligent Controller (Near-RT RIC) at the new windowO-RAN ALLIANCE Global PlugFest Fall 2022 in Japan.Roadmap for RIC DevelopmentNEC, VIAVI Solutions and HCL Technologies (HCLTech) teamed up for this project to demonstrate the multi-vendor Near-Real-Time RIC performance benchmarking. NEC's Near-RT RIC platform enabled third party xApp integrations while connecting with multi-vendor E2 nodes.RIC reduces RAN operating costs by automatically configuring base stations and optimizing radio parameters leveraging AI. Near-RT RIC enables advanced control for Quality of Service (QoS) in near real-time on a per-user basis, and in conjunction with Service Management and Orchestration (SMO)/ Non-Real-Time RIC, achieves an optimal balance between RAN operating costs and QoS/ Quality of Experience (QoE). The entire vRAN system will be optimized for various services and requirements in the future by coordinating the control of radio resources and computing resources through RIC.For this PlugFest project, HCLTech's Bouncer xApp, in combination with VIAVI's new windowTeraVM RIC Test, supported the benchmarking of the underlying Near-RT RIC platform using E2AP Global and Functional procedures. The multi-vendor Near-RT RIC/vRAN/xApp integration aligned with O-RAN ALLIANCE's vision was successfully showcased.Roadmap for RIC DevelopmentThis PlugFest demonstrated that diverse 5G Open RAN solutions can be developed through Near-RT RIC leveraging assets in the global Open RAN ecosystem. NEC will continue developing RIC solutions in collaboration with partners to enable intelligent functionalities to accommodate various 5G use cases."In order for Near-RT RIC to achieve its full potential, testing is essential to create a repeatable environment in which the RIC and xApps can be trained and validated under different scenarios," said Stephen Hire, Vice President of Wireless Marketing, VIAVI. "This demonstration represented a collaboration of industry leaders in network equipment, software and testing, advancing standardization activities and accelerating deployments.""HCLTech's collaboration with the O-RAN Software Community aligns with its vision to accelerate digital engineering services growth by leveraging next generation 5G technologies. HCLTech xApp has been integrated with NEC's RIC platform and VIAVI RIC. This E2E integration depicts the flow of E2AP messages across different layers and components of the O-RAN domain. HCLTech has also realized the minimum viable plan by implementing E2E Traffic Steering and Predictive Load Balancing Use case in a closed-loop fashion with E2-based KPIMon and RC xApps along with AI-enabled intelligence. HCLTech is actively extending its ecosystem partnerships to prove the value of Near-RT RIC and xApp technology," said Anup Dutta, Global Delivery Head, Engineering and R&D Services, HCL Technologies."Near-RT RIC is a key enabler of AI-powered intelligent RANs," said Katsumi Tanoue, General Manager, vRAN Business Department, NEC Corporation. "Near-RT RIC use cases are growing with advancements in 5G RANs. NEC will continue fulfilling the demands of Open RAN customers by offering mission-critical solutions by integrating NEC's leading AI/ML technologies and RIC applications including 3rd party xApps."About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at www.nec.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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FBS Celebrates Its 14th Birthday, Inviting Traders to Join Their Big Promo Event SeaPRwire

FBS Celebrates Its 14th Birthday, Inviting Traders to Join Their Big Promo Event

February 9, 2023
Celebrate FBS 14th Birthday and Win Big with FBS Ultimate Trading Birthday.New York, NY, February 09, 2023 - (SEAPRWire) - FBS, a licensed world Forex broker, is excited to invite its traders to join in the celebration of its 14th birthday with the FBS Ultimate Trading Birthday promo. The event offers the chance to win big prizes, including the grand prize of a luxury car.Open to all tradersFBS, a world-trusted fintech company, turns 14 this year. To celebrate another great year, the broker is running the FBS Ultimate Trading Birthday promotion, turning the event into a true traders' party. Whether users are a new trader or an FBS Partner, a scalper or a swing trader, everyone is welcome to join the celebration.The promo is available in the FBS Personal Area app and desktop version, or the FBS Trader app. FBS Ultimate Trading Birthday will run from February 9 to March 9 to ensure that every trader of the FBS diverse and large trading community has enough time to get their reward. Earning guaranteed rewardsFBS is making sure that no one leaves the celebration empty-handed. To get the guaranteed prize, a trader needs to collect five trading tickets, one per traded lot. Once five trading tickets are gathered, traders can choose from a variety of prizes, including cash rewards, VIP analytics, or one-on-one consultation with FBS financial analysts.FBS Ultimate Trading Birthday can offer even more. Each of the collected tickets is a chance to win bigger rewards.Raffle prizes for everyoneIn addition to the guaranteed rewards, participants will also have the chance to win amazing prizes in the raffle. The grand prize is a LA-Class car, but there are also other valuable prizes up for grabs, including a MacBook Air 13, iPad Pro 11, and various smartphones and laptops.The raffle winners will be randomly selected and announced on March 17, 2023, at 13:00 GMT+2. The results will be posted on the FBS website. Don't miss out on the chance to celebrate FBS 14th birthday and win big with FBS Ultimate Trading Birthday.About FBSFBS is an international brand present in over 150 countries. Independent companies united by the FBS brand are devoted to their clients and offer them opportunities to trade Margin FX and ᏟᖴᎠs.l FBS Markets Inc. – license IFSC/000102/310l Tradestone Ltd. – CySEC license number 331/17, FCA temporary permit 808276l Intelligent Financial Markets Pty Ltd – ASIC Licence number 426359Social LinksFacebook: https://www.facebook.com/financefreedomsuccessYouTube: https://www.youtube.com/user/FBSforexInstagram: https://www.instagram.com/FBS_forex/Telegram: https://t.me/fbsanalyticsMedia ContactBrand: FBSContact: Media teamEmail: support@fbs.comWebsite: https://fbs.com/SOURCE: FBS The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.comSectors: Top Story, Daily NewsSEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Rare Artworks by Picasso and UAE Royal Family Member to be Auctioned together for the First Time ACN Newswire

Rare Artworks by Picasso and UAE Royal Family Member to be Auctioned together for the First Time

February 9, 2023
DUBAI, Feb 9, 2023 - (ACN Newswire via SEAPRWire.com) - The Rare Antiquities is revolutionising the way museums and galleries are presented in the web 3.0 space through their unique technology. By making high-value art available to everyone, regardless of the budget. It is the first platform to fractionalise a Banksy and distribute the fractionalised pieces as individual NFTs, customisable in size. They have live fractionalised auctions scheduled throughout 2023 for art and antiquities valued at over $1Bn. To start off the year The Rare Antiquities will host one of their first auctions on the 12th of February 2023. The Red carpet event will take place in Sama L Ain Gallery in Dubai where three Picassos and one painting created by one of the members of the Ras Al Khaimah Royal Family will be auctioned for shared ownership. The main aim of the event is to allow the appreciation of art to rise through shared ownership by giving more people the opportunity to own a piece of it.The painting that will be featured in the auction was created by Artist Noora Alredhwan, the Mother of Sheikh Humaid Bin Khalid Al Qasimi. It is dedicated to the 50 year anniversary of the UAE. During EXPO 2020 Dubai it was displayed in the UAE Pavilion for six months. Now, for the first time, it will be accessible for the public. One of the paintings on auction features a lithography that Pablo Picasso created a few years after the end of the second world war, in 1949. Picasso was particularly passionate about this technique, where stone or metal are treated in a way so that it can be painted or printed on. Another one of the Picasso paintings was created in 1945, using the gouache technique with opaque watercolor, ink and wash on paper. One of Picasso's later works, "Like an animal", which was created in 1957 will also be part of the auction.Ryan Howells, Founder of The Rare Antiquities, commented on the project and explains the motivation behind it: "The fractionalisaton of art represents a new paradigm fostering a new approach to the appreciation of art. Through this event we hope to bring together like minded people where they can enjoy what each art piece has to offer."One of the hosts of this special event is Sheikh Humaid Bin Khalid Al Qasimi. This auction is not just about the art, it's about bringing to market a new way of sharing ownership of artwork that at any other time would be inaccessible to the majority of people."For us, art is an important channel to connect with society. It is about accessibility: One aspect of this initiative is that sharing our own artwork with the people brings us closer to the public. Another aspect is that technology enables shared ownership, which allows for more people to access this art," said Sheikh Humaid Bin Khalid Al Qasimi.Mohamed Al Banna, initiator and mentor of the the initiative said: "The collaboration with The Rare Antiquities follows our mission of building bridges: On the one hand we're building a bridge between Royal families and the people through art, and on the other hand we create access to highly curated art, like the Picasso works, for a larger audience and not just a few privileged people."The Rare Antiquities brings museums and galleries to the Metaverse with Rare City which also hosts districts for education, charity, crowdfunding and more. AURA Skypool Lounge, the world's highest 360 degree infinity pool, will now be made available to everyone through a digital space created in the Metaverse.The move into the Metaverse for the destination is being curated by Rare City which is a part of The Rare Antiquities that leverages blockchain technology for the Rare City Metaverse. This is the first of many venues 'The Rare City' plans to bring into the Metaverse, allowing people to relive a memory, experience or a unique adventure from anywhere. About The Rare AgeThe Rare Age brings museums and galleries to web 3.0 through our one-of-kind technology making high valued art accessible to any individual regardless of budget. The first platform to automate fractionalisation of a Banksy and distribute fractions as individual, configurable in size, NFTs.Live fractionalised auctions scheduled throughout 2023 for art and antiquities valued at over $1 billion. The Rare Age brings museums and galleries to the Metaverse with The Rare City which also hosts districts for education, charity, crowdfunding and more.https://therareantiquities.com/For more information contact:Faisal ZaidiInacta Communicationsfaisal.zaidi@inacta.commedia@inacta.com+971552000840 Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Pawswap: The Future of Decentralization on Shibarium ACN Newswire

Pawswap: The Future of Decentralization on Shibarium

February 9, 2023
Massachusetts, Feb 8, 2023 - (ACN Newswire via SEAPRWire.com) - Have you heard of Pawswap? If you are a Shiba Inu hodler, you should be familiar with Pawswap, an upcoming decentralized exchange created to make crypto trading accessible to everyone. Pawswap is inspired by the Shiba Inu and is built on Shibarium, an upcoming Layer 2 blockchain, focused on increasing transaction speed and lowering costs to grow the Shiba Inu ecosystem. Are you prepared for the biggest game-changer yet? Pawswap is ready to change your cryptocurrency trading experience, so let's get started right away!What is Pawswap ($PAW)?Pawswap's innovative approach aims to encourage more people to venture into the world of crypto trading and make it easier for all traders. Pawswap aims to build a user-friendly platform that supports a diverse range of assets such as cryptocurrencies, stablecoins, NFTs, and more. Pawswap has the potential to provide users with a seamless trading experience and make cryptocurrency more accessible to everyone.$PAW, a promising new asset, was officially launched on the ETH network but recently expanded its ambitions by deploying on both the BSC and Polygon networks. The innovative use of the same contract address across chains by $PAW makes it an appealing option for investors, as they can now easily track $PAW across multiple networks. This adaptation demonstrates PAW's commitment to being an accessible and versatile option for all types of investors.Pawswap offers a launchpad for aspiring developers to launch their projects, conduct KYC so users can make more informed decisions, and facilitate multichain trading with extremely fast transaction times. Plus, Pawswap complies with federal and regulatory laws, so you can be sure that all transactions are safe and secure. That's not all: Pawswap also has a token-based governance system that enables the community to make autonomous decisions about plans for the future of both $PAW and the Pawswap platform.Solid technology and strong communitiesPawswap's alpha testing has gone as planned, with nodes being implemented so that full functionality is only a short distance away. With an eye toward the Shibarium launch, the $PAW team is commencing beta testing in a limited fashion. This will help prioritize the development timeline and receive feedback quickly to take care of any needed fixes. People using the BETA version of Pawswap can enjoy connecting to networks like ETH, Polygon, and BSC through the native token bridge, making cross-chain transactions a breeze.By launching the native bridge onto Shibarium, users of the ETH, BSC, and Polygon networks now have access to Shibarium markets and liquidity pools. They can also easily transfer existing assets and trading capabilities. This is a huge step forward in blockchain interoperability, bringing Shibarium into contact with other chains worldwide. Plus, with the introduction of $PAW Tokenomics, Shibarium customers now have access to numerous incentives within the cross-chain liquidity pool ecosystem.Shibarium - the multi chain networkShibarium is finally ready to go live, and what better way to bring it into reality than with the launch of the Pawswap Multichain DEX? The Shibarium network has enabled this revolutionary piece of technology, which brings together multiple chains on one platform. To capitalize on the opportunity, the $PAW team have worked tirelessly to amplify their beta development prior to Shibarium's release to ensure successful pre-launch testing. Shibarium is on its way to becoming an incredibly powerful blockchain that expands and enriches the decentralized finance space. Shibarium has created a layer two architecture that enables scalability, innovative solutions, and next-level security. This layer two setup encourages collaborative progress with prompt and reliable operations throughout the system. Due to Shibarium's efforts, users can utilize the ecosystem to its full potential. Shibarium's layer 2 aims to set new standards for security, innovation, and scalability within DeFi circles and more widely across blockchain technology. Shibarium has unleashed a progressive and efficient network for individuals of all technological backgrounds, leading the way in advancing the cryptocurrency game as we know it today.As of 2023, there were 420 million crypto users (https://triple-a.io/crypto-ownership-data/) worldwide. With Pawswap, you can join this exciting new ecosystem while trading your favorite digital asset--Shiba Inu! So, what are you waiting for? Get started today and see how Pawswap can improve your crypto trading experience. For more information, visit:https://pawecosystem.comMedium - https://medium.com/@0xpawswap Telegram - https://t.me/Paw_Community_OwnedTwitter - https://twitter.com/pawshibarium Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Gotion and InoBat sign MoU to develop Joint Venture EV Battery Cells and Packs

February 8, 2023
HONG KONG, Feb 8, 2023 - (ACN Newswire via SEAPRWire.com) - On February 5, Gotion High-Tech, the innovative manufacturer of batteries and energy storage solutions in China, signed a Memorandum of Understanding (MoU) with InoBat, the European pioneering supplier of premium batteries for electric vehicles, to explore Joint Venture opportunities in revolutionizing EV battery and energy storage technologies, including co-development of a gigafactory with cell and pack production capacity of 40 GWh.With technical superiority, complementary capabilities and a shared sustainability ethos, Gotion and InoBat will look at ways to work together on several key common topics of interest, such as: -- co-development of a JV gigafactory with cell and pack production capacity of 40 GWh to support EV applications, with the CEE region being one of the regions under consideration-- technical cooperation based on both sides' respective advantages of LFP and NMC batteries-- co-develop the potential for ESS battery production at existing InoBat premises in Slovakia allowing fast access to the European market -- technology and commercial partnership in facility operations-- investigation of recycling concepts for production scrap and end of life batteriesThrough the cooperation following the MoU, InoBat benefit from Gotion's expertise in electric storage solutions ("ESS") whilst Gotion will benefit from InoBat's existing manufacturing sites and expansive market connections in Europe to facilitate Gotion's internationalization. By working together in mutually beneficial areas, both companies aim to devise new and exciting technologies to accelerate the global charge towards a green energy future.About Gotion High-TechGotion High-tech is a world-leading provider of new energy solutions. It focuses on the R&D, production and sales of EV lithium-ion batteries and ESS batteries and ranks among the top in China and the global market in terms of comprehensive strength. Gotion High-tech has global operations and has partnered with Volkswagen, Tata Group, Vinfast, and Jinko.For more information, visit https://en.gotion.com.cnAbout InoBat:InoBat specializes in electric battery R&D, supply, and recycling for global OEMs in automotive, commercial vehicle, motorsport, and aerospace. Its "cradle-to-cradle" approach promotes a circular economy. Backed by Rio Tinto, Amara Raja, Ideanomics, IFC, IPM Group and other strategic investors and partners, InoBat has a R&D facility and pilot line in Slovakia. It has also been approved for grant financing under the Important Projects for Common European Interest (IPCEI).For more information, visit https://inobat.eu/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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<strong>TOMORROW X TOGETHER Selected as KUNDAL’s First Brand Ambassador</strong>

February 8, 2023
SEOUL, KOREA, February 07, 2023 - (SEAPRWire) - Global K-POP artist TOMORROW X TOGETHER has been officially appointed as the first global ambassador of the premium personal care brand "KUNDAL". As a result, TOMORROW X TOGETHER and Kundal (owned by The Skinfactory Co.,LTD.) will meet with various customers and fans around the world through various activities over the next year. Kundal has announced that TOMORROW X TOGETHER was appointed as its global ambassador because TXT matches the trendy and energetic appearance of TOMORROW X TOGETHER, which is gaining popularity throughout the world, with the brand image of Kundal, which is rapidly growing into a global personal care brand. TOMORROW X TOGETHER won the "2022 MAMA AWARDS" for the fourth consecutive year and the "2022 Melon Music Awards" for the second consecutive year. In the U.S., the Billboard Year-End Chart (YEAR-END CHARTS) ranked in a total of six categories, and the fourth mini album charted in the "Billboard 200". In Europe, they won the Best Asia Act category at the MTV Europe Music Awards and ranked highest in K-pop in the Oricon annual ranking "single ranking" in Japan. Kundal explained the plans to introduce various natural hair care products such as shampoo, treatment, and serum with decent ingredients and scent of Kundal and actively share pleasant experiences with consumers through TOMORROW X TOGETHER, which combines natural and healthy charms. In addition, various events and promotions will be continued by releasing interview videos and making videos sequentially, starting with the release of pictorials containing various charms of the members. Kundal officially said, "We are looking forward to creating a variety of fun and energetic stories with global K-POP artists TOMORROW X TOGETHER. We will communicate with customers and fans from more than 40 countries around the world through various synergies that contain the charms of TOMORROW X TOGETHER and Kundal." Meanwhile, Kundal Hair products with TOMORROW X TOGETHER and details of the event can be found on Kundal's official social media. Media Contact Company: The Skinfactory Co.,LTD. Contact: Julie Sun Email: Global@theskinf.com Website: http://kundalglobal.com/ SOURCE: The Skinfactory Co.,LTD. The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
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Mitsubishi Heavy Industries Achieves YoY Increases in Order Intake, Revenue, Business Profit, and Net Income in Third Quarter JCN Newswire

Mitsubishi Heavy Industries Achieves YoY Increases in Order Intake, Revenue, Business Profit, and Net Income in Third Quarter

February 7, 2023
TOKYO, Feb 7, 2023 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries (TSE Code: 7011) announced that order intake rose 19.0% year-over-year to YEN2,966.1 billion in the third quarter ended December 31, 2022. Revenue rose 11.1% to YEN2,938.0 billion year-over-year, resulting in business profit of YEN105.2 billion, a 30.3% increase from the previous fiscal year, which represents a profit margin of 3.6%. Net income was YEN66.4 billion, an increase of 32.8% year-over-year, with a profit margin of 2.3%. EBITDA was YEN208.6 billion, a 16.4% increase from FY2021, with a profit margin of 7.1%, up 0.3 percentage points year-over-year.Other highlights included orders and revenue growth in Nuclear Power, Aero Engines, HVAC, and Commercial Aviation. YoY improvements in profitability were mainly seen in Energy Systems and Aircraft, Defense & Space resulting from revenue growth in Nuclear Power and Aero Engines as well as foreign exchange effects combined with fixed cost reductions in Commercial Aviation.　FY2022 Guidance:MHI revised its guidance for the period ending March 31, 2023, with company-wide totals unchanged from the most recent revision made on November 1, 2022, while updating business profit in Energy Systems and Aircraft, Defense & Space.CFO Message:"MHI have had a stable first three quarters this fiscal year," Hisato Kozawa, CFO of MHI commented. "We saw increases in orders and revenue in three out of four reporting segments arising from business expansion and benefits from the depreciation of the yen. Performance was especially strong in GTCC, Nuclear Power, Logistics Systems, and HVAC." Kozawa continued, "That said, we still have our work cut out for ourselves in the fourth quarter as we work to offset profitability issues caused by a variety of factors such as global inflation using all of the tools available to us. Our goal for this fiscal year is to set the stage for a successful FY2023, during which we aim to achieve the targets laid out in our 2021 Medium-Term Business Plan."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.For more information, visit www.mhi.com/news/23020701.html. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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SCIB and Bintai Kinden in Strategic Alliance ACN Newswire

SCIB and Bintai Kinden in Strategic Alliance

February 7, 2023
KUALA LUMPUR, Feb 7, 2023 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company had on 6 February 2023 signed a Memorandum of Understanding (MoU) with Bintai Kinden Corporation Berhad to establish a strategic alliance for exploring of business opportunities, securing of new projects and sharing of profits.Group Managing Director of SCIB, Encik Rosland bin OthmanExecutive Director of SCIB, Mr. Ku Chong HongExecutive Director of Bintai Kinden, En. Azri AzeraiThe MoU is a preliminary step the parties are taking as they explore a working relationship and cooperation to combine skills, expertise, capabilities, experience and collectively bid for projects in Malaysia and to set out the principal terms of the arrangement between the parties.The JV vehicle to be used is SCIB's wholly-owned subsidiary, SCIB Infraworks Sdn. Bhd in which SCIB will retain a 51% stake in the JV while Bintai Kinden will subscribe to the remaining 49%. Bintai Kinden is a mechanical and electrical ("M&E") engineering services specialist listed on the Main Market of Bursa Malaysia, with unique combination of extensive regional experience and local knowledge.Group Managing Director of SCIB, Encik Rosland bin Othman said, "We welcome this strategic alliance with Bintai Kinden as both parties can leverage each other's strengths and expertise that add value to any projects we are involved in together. SCIB's manufacturing arm, the leading precast concrete and Industrialised Building System products manufacturer in East Malaysia, is already supporting our construction arm in projects throughout the country.""Our focus on small-to-mid-sized construction healthcare, educational and utility facilities as well as rural infrastructure projects together with investment in technology such as 3D printing and automation are also strengths that we can leverage on for the future JV projects."Executive Director of SCIB, Mr. Ku Chong Hong said, "This JV brings together two teams with core expertise and knowledge in construction and engineering that will give an edge to projects undertaken together. We expect to see more infrastructure projects in the pipeline as Malaysia's construction sector gains momentum on the back of economic growth."Executive Director of Bintai Kinden, En. Azri Azerai said, "We look forward to a fruitful partnership with SCIB as we seek opportunities together across the country. Bintai Kinden's core expertise is M&E services, and as a multi-disciplined building and industrial service engineers and specialists, we work in all the major market sectors, from commercial buildings to industrial complexes. We design, install and commission systems that include the full range of engineering services which we believe can complement the JV."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Korindo Group Initiates First Rest Area with Bioconversion Facility in Indonesia ACN Newswire

Korindo Group Initiates First Rest Area with Bioconversion Facility in Indonesia

February 7, 2023
JAKARTA, Feb 7, 2023 - (ACN Newswire via SEAPRWire.com) - A bioconversion waste processing facility, which uses the black soldier fly (Hermetia illucens) as its biological agent, has opened at Cibubur Rest Area, Jakarta. The rest area is managed by Korindo Group subsidiary PT Bimaruna Marga Jaya and is the first in Indonesia to own a waste processing center. The center is designed to tackle daily waste issues in the Rest Area, by temporarily storing and preparing organic waste for recycling. The ceremony served to introduce black soldier fly-based bioconversion technology, which is expected to resolve waste management challenges at other rest areas and public establishments. [Image: Korindo]The Korindo Foundation and Forest For Life Indonesia Foundation (FFLI), together with the Public Works and Housing Ministry of Indonesia, launched the facility on Wednesday (Feb 1). With the stakeholders attending, the ceremony served to introduce black soldier fly-based bioconversion technology, which is expected to resolve waste management challenges at other rest stops and public establishments. Made under the partnership of Korindo Foundation and FFLI Foundation, the plant can handle up to 1 ton of living waste per day. Cibubur Rest Area was picked as the project location, given its position as a waste source that needs urgent solutions. This conversion technique is also applicable to different types of waste sources like traditional markets, industrial zones, offices, and residential areas. "Other than being environmentally beneficial, this facility can offer new economic opportunities. Profits gained from this project will be channeled into community and environmental empowerment programs," explained Robert Seung, chairman of Korindo Foundation. He wished the plant would reach the success of its predecessor, a similar plant with a 4 ton per day waste processing capacity in Lombok, West Nusa Tenggara.That project was funded by the Korindo Foundation in 2017, with the FFLI teaming up with the local government to monitor its operation until today, one of Lombok's waste disposal prototypes. "These facilities won't be able to run properly without our collaboration with FFLI and support from the local government. That being the case, from the depths of our hearts, we want to thank all parties for the great teamwork," Robert said. He went on to say that through the Foundation, businesses under Korindo Group had truly participated in efforts to bring back the balance in Indonesia's natural environment."Korindo Foundation has directly taken part in environmental preservation projects like Pakansari and Pondok Rajeg city forests and conservation activities in Papua. Through these breakthroughs, we strive to contribute to the local community and the environment," Head of FFLI Dr. Hadi Pasaribu said the plant did not only create a clean, healthy environment to be in and work out waste issues right at its source; it also provided protein, fat, and chitin, restored soil fertility, and played a role in mitigating climate change effects. "The more bioconversion plants we build, the bigger the benefits will be for our environment," he said.Black soldier flies enthusiast Prof. Agus Pakpahan shared a similar sentiment. He pushed for additional bioconversion plants to be built, so waste wouldn't have to be brought into the landfill. This approach established a clean and healthy environment, provided benefits for nature, and created a circular economy. Pakpahan revealed that around 60%-70% of landfill waste was organic, meaning that settling the issue upstream would simplify the entire waste management process. In his statement, he also touched on local people's waste dumping behavior, saying, "Each and every one of us should be able to take care of our own waste," said Pakpahan. Bioconversion with black soldier flies is a biological approach to manmade environmental problems that bases itself on the notion that nature is created in harmony and balance. The technology offers a way out of excessive living waste. It is relatively safe for the surrounding area and community. Of all 800 fly species on earth, the black soldier fly stands out for its non-pathogenic nature and the absence of disease agents. In this method, black soldier fly larvae decomposes organic waste generated from human activities. After that, the insects can be used as fish or chicken feed for their high amino acids and protein content. In the end, this process forms a circular economy that creates new economic prospects.About KorindoKorindo Group (Korindo) was established in 1969, and consists of companies engaged in the field of naturalresources, industrial paper manufacturing, heavy industry, logistics, finance, and property. As one of the majorcorporate groups in Indonesia, Korindo has contributed significantly to the nation's development in various ways. Visit https://www.korindonews.com, and watch the video www.korindo.co.id/group-profile/.Through Korindo Foundation, we have a responsibility for building sustainable communities in various fields through our Corporate Social Contribution (CSC) programs. Our CSC activities focus on strategic, systematic and sustainable programs through 5 main program pillars, namely Education, Health, Economics, Environment, and Infrastructure. Learn more at https://korindofoundation.com. Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Moonstake Partners with Humans.ai to Help Advance Artificial Intelligence on the Blockchain and Support the AI Startup’s Expansion in Asia ACN Newswire

Moonstake Partners with Humans.ai to Help Advance Artificial Intelligence on the Blockchain and Support the AI Startup’s Expansion in Asia

February 6, 2023
SINGAPORE, Feb 6, 2023 - (ACN Newswire via SEAPRWire.com) - Moonstake, a leading provider of staking services for blockchain networks, partners with Humans.ai, AI and blockchain startup focused on harnessing the power of artificial intelligence in an ethical framework. The partnership will focus on the advancement of AI-powered applications on the blockchain on the Asian market, leveraging the strengths of both companies to drive innovation in the field."We are thrilled to be partnering with Moonstake, a company that shares our passion for using cutting-edge technology to solve real-world problems," said Sabin Dima, CEO & Founder at Humans.ai. "The combination of our AI expertise and innovation and Moonstake's blockchain know-how will allow us to empower solutions that are truly useful to society and able to scale to meet the needs of the Asian user base and business clients," added Sabin Dima.The partnership will begin with a joint development program, aimed at exploring the potential of AI-powered applications on the blockchain and identifying new business use cases for this technology. The companies also plan to launch a series of joint initiatives, including regional events, to foster collaboration and innovation in the AI and blockchain sector.European startup Humans.ai addresses some of the major dysfunctions present in the current AI status quo. As AI is rapidly gaining traction all around the world, benefiting numerous industries and businesses, the Humans.ai team has made it its mission to assist the transition of artificial intelligence, AI models, and AI-based solutions from the centralized Web2 domain, where giants of the tech industry hold the reins to innovation development, to a decentralized environment, where artificial intelligence is becoming a democratized asset that is constantly monitored by real humans to ensure its ethical use.Moonstake started the staking business in 2020 with the aim to create the largest staking network in Asia. Since then, the company developed a user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Currently, Moonstake supports 18 leading PoS assets including Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs (Ethereum and Polygon), IOST, TRON, Shiden, FIO, Everscale, Oasisa and Solana.By merging AI with blockchain, Humans.ai aims to create the AIVERSE, which is an ecosystem hosting the economy of AIs, with the objective of giving people control and ownership over the future evolution of the technology. "We believe that the partnership between Humans.ai and Moonstake has the potential to revolutionize the way that AI and blockchain technology are used together," said Mitsuru Tezuka, Founder at Moonstake. "By joining forces, we are able to expand a truly decentralized ecosystem for AI that is more secure, more transparent, and more accessible to a wider range of users."About Moonstake Moonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/ About Moonstake's staking businessFor the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 18 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.About Humans.aiHumans.ai is creating an all-in-one platform for AI-based creation and governance at scale. Humans.ai leverages blockchain technology and artificial intelligence to enhance the standard NFT and expand its functionality, transforming it from a static art form to an interactive and intelligent asset class capable of encapsulating neural networks or segments of a person's digital DNA. The technology, named AI NFT, represents a new type of NFTs that enable people to use their biometric data to create artificial intelligence solutions that are kept ethical by complex governance, consensus, and verification mechanisms.Humans.ai's unique consensus mechanism, Proof-of-Human, will be integrated to demonstrate there is a real human behind every transaction, making it more secure and trustworthy. https://humans.ai/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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ION Mobility Closes US$18.7m in Series A funding; Brings TVS Motor Company on Board as Strategic Investor ACN Newswire

ION Mobility Closes US$18.7m in Series A funding; Brings TVS Motor Company on Board as Strategic Investor

February 3, 2023
Singapore, Feb 3, 2023 - (ACN Newswire via SEAPRWire.com) - ION Mobility (ION) today announced new investments of US$18.7 million in its Series A funding round. Additionally, the company also brings TVS Motor Company on board as its strategic investor, through TVS Motor's Singapore subsidiary, TVS Motor (Singapore). As part of this investment agreement, TVS Motor will provide ION with the necessary ecosystem support to be successful in the electric two-wheeler markets of Singapore and Indonesia.ION's latest fundraise and partnership with TVS Motor is to support its vision to build Southeast Asia's leading electric mobility solutions company starting with Indonesia. Other investors include AC Ventures Malaysia, Michael Sampoerna and ION's Chief Manufacturing Officer Ng Ho Sen, with existing investors such as TNB Aura, Quest Ventures, Monk's Hill Ventures, Village Global, GDP Venture and Seeds Capital also participating in the round.Founder and CEO James Chan said, "I am delighted with the vote of confidence that my team and I have received from TVS Motor via our funding round and partnership. We are excited to draw upon TVS Motor's decades of global expertise in two-wheelers to accelerate our "Mobius" M1-S production readiness, as well as the design and development of other models. We look forward to leading the charge towards an electric and sustainable two-wheeler future together."This new funding round brings the total capital raised by ION to over US$25.5 million since 2020. The company will invest the capital into Indonesia to grow its local team, operations and capabilities. This includes its sales and marketing presence, local supply chain networks, production tooling and manufacturing capabilities in Indonesia, in order to achieve at least 50% local content.Speaking on the occasion, Mr. Sudarshan Venu, Manging Director, TVS Motor Company said, "TVS Motor is committed to developing exciting products for consumers across global markets. We are thrilled to partner with ION Mobility, a full-stack EV company with a strong team of engineers and technical base in Singapore, to drive the premium electric two-wheeler growth in the region. We share a common vision and are eager to support them as a strategic investor."This announcement comes on the heels of ION Mobility's launch of its M1-S electric scooter in Jakarta in November 2022, which also saw the company sign a broad-ranging Memorandum of Understanding (MOU) with Indonesia's national grid operator PT Perusahaan Listrik Negara (PLN) to expand PLN's charging network, in addition to two-wheeler fast-charging technology research and user outreach and education. The MoU was officiated by Indonesian Minister of Industry, Agus Gumiwang Kartasasmita at the Indonesia Motorcycle Show 2022, with Singapore Ambassador to Indonesia Mr. Kwok Fook Seng also in attendance.About ION MobilityION Mobility is a tech and automotive OEM on a mission to create and deliver aspirational and sustainable mobility and energy solutions for everyone. They are committed to creating great products and seamless user experiences for their customers. Their products combine advanced hardware and software technology with human-centred design to deliver smart electric motorbikes and energy charging and storage solutions that are for everyone to use. Their vision is to be Southeast Asia's top technology company leading their region's transition towards a low-carbon economy across Southeast Asia, starting with the ION M1-S. For more information, please visit www.ionmobility.com and ionmobility.substack.com.For more information, please contact: hello@ionmobility.comAbout TVS Motor CompanyTVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in their 100-year legacy of Trust, Value, and Passion for Customers and Exactness, they take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. They are the only two-wheeler company to have received the prestigious Deming Prize. Their products lead in their respective categories in the J.D. Power IQS and APEAL surveys. They have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Their group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Their subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which they operate. For more information, please visit www.tvsmotor.com.For more information, please contact:KS Harini – ks.harini@tvsmotor.comNikita Verma – nikita.verma@tvsmotor.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hylobiz Launches its Business in Indonesia in Partnership with Accurate and Brankas, Empowers M/SMEs with Improved Cashflow and Steady Growth ACN Newswire

Hylobiz Launches its Business in Indonesia in Partnership with Accurate and Brankas, Empowers M/SMEs with Improved Cashflow and Steady Growth

February 3, 2023
JAKARTA, Feb 3, 2023 - (ACN Newswire via SEAPRWire.com) - The partnership of Hylobiz, a Vayana group company, with Accurate and Brankas would facilitate businesses in Indonesia with connected business software, especially accounting & POS (point of sales) and connected banking services supporting them with faster collections and strong cashflow for steady business growth. With this, M/SMEs in the Southeast Asia market will see a positive transition. Businesses will be able to digitize invoices and collections overcoming the crippling issues related to cashflow and business growth. With Accurate, Hylobiz shares a joint vision to enable Accurate's SME customers to achieve Cashflow and Compliance automation and thereby offer Credit (Embedded Trade Finance) through partner FIs, with Accurate ERP continuing as the customers' primary application interface. "We (Accurate) are very happy to be partnering with Hylobiz. As we enter the modern era, we believe that everything must be efficient, everything needs to be fast. Hopefully accurate as business software especially Accounting Software & POS can be a solution for SMEs customers with a takeline #Bisnisjadimudah on developing their own business," said Yosep Stephen as CEO Accurate.With Brankas, Hylobiz shares a joint vision to enable business growth for Indonesia's SMEs with cashflow automation by leveraging Open Banking technology. "Embedded finance is set to have a massive impact on business innovation in the coming years, and we believe the use cases today are only just the beginning. We are excited to see the increasing usage of Brankas APIs by organizations across a variety of industries in Indonesia, and share Hylobiz' vision to drive faster collections for its customers," said Husni Fuad, Country Manager Indonesia, BrankasDigitization of receivables, collections with payment links, automated payment reminders, automated reconciliations in real-time, and smart tracking of payments are some of the top and most needed features available with connected ERP and connected Banking capability established through the synergy of the trio. Vishal Gupta, CEO, of Hylobiz, said, "Hylobiz has been addressing the cash collections, payouts, and real-time reconciliation for the businesses across India, UAE and the USA helping 250K businesses for growth on their cashflows. With Accurate and Brankas we aim to serve b2b SMEs in Indonesia better through ZERO process change, for faster invoice collections and embedded finance for their business growth."About Brankas Brankas is a leading global open finance technology provider. We provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more. With Brankas' secure open banking technology, online businesses, fintech companies and digital banks can use Brankas APIs to create new digital experiences for their users. Headquartered in Singapore.Visit website: https://www.brankas.com/ About AccurateAccurate is a business software to help people manage, monitor, and present their business financial reports easily.Proven by 21 years of consistency and won top brand awards consecutively for 7 years, with outstanding features that will simplify business operational processes such as preparation management processes, recording and presenting more than 200 types of financial reports automatically, tax management and reporting, integration into various applications and other business support software and many more.Accurate has served hundreds of thousands of businesses in various industries in Indonesia as their trusted Accounting Software and POS, with easily administer, manage, and as an easy financial system known for its features completeness and operational flexibility. This has led to Accurate Is widespread acceptance by trading companies, distribution companies, contractors, and manufacturing companies. Headquartered in Tangerang Selatan, Banten .Visit website: https://accurate.id/ About Hylobiz, a Vayana group company Hylobiz is a Fintech serving to simplify the processes in the B2B ecosystem and is currently operational in India, UAE, and the US and is now launching in Indonesia. With its Connected ERP and Connected Banking capabilities, the unified solution simplifies invoice collections and cashflow in the B2B space and simplifies working capital access. Headquartered in Pune, Maharashtra in India. Visit Websites: https://hylobiz.id/, https://hylo.biz/Media contacts:Hylobiz, Perusahaan Vayana GroupAmit Parmar - (WhatsApp) +91 83901 08989Arkin Dumais - (WhatsApp) + 62 85882567970Email: amit@vayana.com, arkin@hylobiz.comBrankasBala Subramanian - +65 8157 3627(Whatsapp)Email: bala.subramanian@brankas.comAccurateCinthya W Putri - +62 81381706036 Evan Mangundap - +62 82112433117Email: cinthya.widayanti@accurate.id, evan@accurate.id Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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TGI Shelly, TEAL Chimie & Energie Collaborate to Advance Green Ammonia ACN Newswire

TGI Shelly, TEAL Chimie & Energie Collaborate to Advance Green Ammonia

February 2, 2023
New Jersey, Feb 2, 2023 - (ACN Newswire via SEAPRWire.com) - TGI Solar Power Group, Inc., (OTC Markets: TSPG) is pleased to announce its new management and board of directors have successfully brokered a partnership with TEAL Chimie & Energie Inc., that will launch the company's entrance into the green energy sector.This collaboration is in line with the corporate business plan as new TGI SHELLY management is executing strategies to build long-term growth, transformational plans, digital quotient and correlation, growth acceleration, business ventures in the green sector -- all of which drive shareholder value. New Management intends to expand the investor base of new TGI Shelly by pursuing a vertical integration strategy through acquisition, and or a combination of strategic partner companies and contractual agreements, to distribute AI products of NO SOLIUS (no software, no license, no user fees) Shelly AI related to current corporate developments, which will compliment and grow TGI SHELLY.TGI Shelly, and green ammonia specialists TEAL, are looking to optimize the zero-emission ammonia production market significantly. To achieve this, TGI will deploy TEAL's green ammonia production plants in the coming years. Green ammonia's clean energy potential is incredible.Green ammonia has the highest volumetric energy density of all hydrogen-based energy sources -- significantly more than pure hydrogen. This makes green ammonia inexpensive and easy to store and transport. Existing infrastructure means that green ammonia can rapidly and efficiently replace hydrocarbon-based fuels for a multitude of uses, with ammonia-fueled ships and ammonia power stations already in the pipeline.TEAL's major focus has been developing and constructing its green ammonia production sites in North America, with the first 400MW of power to be installed at locations in Quebec, Canada, Northeast USA and the Southwestern United States. These will be TEAL's first green ammonia initiatives for production facilities, with operational launch planned for late 2025 or early 2026. Operating dynamically will enable TEAL to produce ammonia during off-peak power demand hours and make them a net contributor to the economics of renewable power production. This will allow the company to construct additional renewable power wherever they build a production plant."We have the utmost confidence in TGI SHELLY and our scientists and engineers to create a viable product," said Jonathan Martel, CEO of TEAL. "This is why we have chosen TGI Shelly as our partner. We intend to use cutting-edge electrolysers and industry-leading ammonia synthesis. Additionally, we plan to develop facilities around the world to produce millions of tons of green ammonia from water and air. Ammonia saved humanity from starvation a century ago as a replacement for depleted sources of fertilizers, and history will repeat itself. Ammonia can save humanity once again as the workhorse of the hydrogen economy, replacing petrochemicals to decarbonize agriculture, transportation and power storage and generation.""We need to accelerate the development and industrialization of sustainable solutions while also increasing energy independence, which is why we are delighted to partner with TEAL on the global development of its green ammonia facilities," added Philippe Machuel, CEO of TGI Shelly. "With this agreement, we enable the production of millions of tons of green ammonia in support of the decarbonization agenda." Samuel Epstein, Chief Operating Officer of TGI, saw this partnership with TEAL as an opportunity for new management to hit the ground running."TGI is delighted to be working with the TEAL on these large-scale, commercial green ammonia plants," Epstein said. "This agreement leverages TEAL's years of ammonia experience and is evidence of the many benefits of the TGI Shelly AI platform, including lowering TEAL's project costs utilizing the most efficient technology. Our partnership is a big step forward towards a more sustainable future, and we look forward to working with our new partners at TEAL in the years ahead."About Shelly North Carolina, Inc. At Shelly, our technology solutions empower you to have an educated conversation with your current workflow processes. Shelly solutions do not REPLACE your current technology"we integrate".and design improved workflows based on what YOU want to accomplish with your operations. There is no new build-up required. No unsettling training curve to navigate. The questions that keep you up at night are turned into targeted, relevant commands for your existing database that give you more control over all aspects of your operations, and even uncover new revenue streams hidden inside the data that is already at your fingertips. It is not just about the software. Shelly's self-evolving and highly adaptable solutions elevate your enterprise to a constant state of READINESS to address issues today, tomorrow, and well into the future. For more information, visit https://www.shellyincorporated.com/.About ADVENT GALAXY Inc. Expo is going to become a central meeting place and center for important social interactions between people of diverse backgrounds and age groups. Underlying technology allows for merchants, consumers, and large enterprises to be replaced by a virtual EXPO in the metaverse. EXPO will cater to B2C+B2B+B2E= B2X, or simply stated B2All. Entertainment zones, meeting and interacting with your friends at a coffee shop in real time is the future. Conducting business in co-working spaces without leaving one's house is the future. A VR/ AR ADVENT EXPO is coming soon and will become a reality, thanks to Advent Galaxy. For more information, visit https://adventgalaxy.com/. About TGI Solar: TGI SOLAR POWER GROUP INC. TGI is a diversified holding company. TGI's strategy is to acquire innovative and patented technologies, components, processes, designs, and methods with commercial value that will give competitive market advantage and generate shareholder value. For more information, visit https://www.tgipower.com/.Forward-Looking StatementsThis announcement contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. We undertake no duty to update any forward-looking statement, or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about TGI Solar Power Group Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source. Safe Harbor statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.For more info:Samuel Epstein, COOhenryv@tgipower.comPhilippe Machuel, CEOPMachuel@shellyincorporated.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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RHTLaw Asia strengthens Litigation & Dispute Resolution Practice through merger with ChangAroth Chambers ACN Newswire

RHTLaw Asia strengthens Litigation & Dispute Resolution Practice through merger with ChangAroth Chambers

February 1, 2023
SINGAPORE, Feb 1, 2023 - (ACN Newswire via SEAPRWire.com) - Singapore headquartered regional law firm RHTLaw Asia has merged with ChangAroth Chambers LLC to strengthen its Litigation & Dispute Resolution Practice with the addition of Appropriate Dispute Resolution veteran Mr Anil Changaroth and his team. Mr Changaroth has been appointed a Partner in RHTLaw Asia.Mr Azman Jaafar, Managing Partner of RHTLaw Asia, and Mr Anil Changaroth, Partner of RHTLaw Asia [L-R]Mr Changaroth, who is an internationally accredited mediator and arbitrator, previously managed ChangAroth Chambers' practice with a focus on Appropriate Dispute Resolution in the areas of commercial, civil, criminal matters and corporate advisory work in particular infrastructure, building and construction projects.Mr Changaroth, said, "The merger enables us to widen our reach with our core capabilities now complemented by RHTLaw Asia's regional access and ONERHT's multidisciplinary professional services. We see significant opportunities for growth in conflict avoidance and appropriate dispute resolution including with collabrative contracting in building, construction and infrastructure as projects resume post-Covid. In the ASEAN region, sustained economic growth and urbanization will boost the construction of transport and energy infrastructure as well as urban built environment projects."RHTLaw Asia Managing Partner, Mr Azman Jaafar, said, "We will continue to strengthen our practice through synergistic opportunities here in Singapore and the region. The talents at ChangAroth Chambers LLC are a welcome addition to our team as we roll out our new ONERHT Client UX strategy together with our core multidisciplinary capabilities."A multilingual advocate in facilitative and restorative justice, Mr Changaroth is an experienced conflict avoidance and dispute resolution practitioner who has represented parties from across the Asia Pacific region. With graduate certificates in Law and Technology, AI and Machine Learning, and Diversity-Equity-Inclusion, Mr Changaroth also holds a Master of Science in Construction Law and Arbitration from Kings College London and the National University of Singapore. About RHTLaw Asia LLPRHTLaw Asia LLP is a leading regional law firm headquartered in Singapore with a network of offices in 16 jurisdictions in Asia, Oceania, Middle East and Africa under the ASEAN Plus Group (APG) comprising over 2,000 lawyers. We help clients understand the local challenges, navigate the regional complexity to deliver the competitive advantage for their businesses in Asia. We are also the Singapore member of the Interlex Group, a global network of leading law firms. RHTLaw Asia collaborates with ONERHT, an integrated network of multidisciplinary professional services, through entities which are not affiliates, branches, or subsidiaries of RHTLaw Asia LLP. For more details, please visit www.rhtlawasia.com About ONERHTSince 2011, RHTLaw Asia's founding team aspired to develop a second engine of growth through ONERHT, an independent ecosystem of professional services, associated companies and networks, complementing RHTLaw's full service legal offerings. Together as ONE, we deliver comprehensive integrated business solutions. For more details, please visit www.onerht.com For media queries, please contact:Elliot Siow / elliot.siow@rhtgoc.com / +65 8375 0417 Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Kurita Water Industries and Hitachi Launch a Co-creation to Implement Solution in Society and Build an Ecosystem for a Sustainable Society with “Zero Environmental Impact” JCN Newswire

Kurita Water Industries and Hitachi Launch a Co-creation to Implement Solution in Society and Build an Ecosystem for a Sustainable Society with “Zero Environmental Impact”

January 26, 2023
TOKYO, Jan 26, 2023 - (JCN Newswire via SEAPRWire.com) - Kurita Water Industries Ltd. and Hitachi, Ltd. recently concluded a memorandum of understanding (MOU) after reaching an agreement on launching a co-creation to implement solution in society and build an ecosystem with a focus on manufacturing industry and with a view to a sustainable society. The two companies will accelerate efforts to implement solutions in society for realizing "zero environmental impact" in the supply chain by combining solutions and technologies and partnering other companies and organizations that sympathize with the vision.Concept of co-creation between Kurita Water Industries and HitachiDetails of the co-creationThe two companies will define social value with a focus on the manufacturing industry, and provide solutions to customers by creating a value creation model that combines Kurita's diverse points of contact with customer sites in a wide range of industries, water treatment and waste reduction technologies, and digital solutions with Hitachi's technologies and expertise, including Lumada(1) solutions such as environmental data visualization, analysis, and environmental impact reduction technologies (ex. energy circulation using hydrogen).For example, the two companies aim to build a supply chain that maximizes the value of resources by considering organic waste from manufacturing process of food factories etc. as resources and combining the two companies' upcycling/energy recovery technologies and the Lumada Solution as a mechanism for verifying the circulation of resources.The two companies will continue to discuss a variety of themes for the co-creation, and will also actively work to build an ecosystem with companies who agree with their vision by utilizing Hitachi's Lumada Alliance Program(2). Through these activities, Kurita and Hitachi will address challenges such as the preservation and improvement of water resources and sustainable energy use and will contribute to achieving a sustainable society.BackgroundThe United Nations adopted the SDGs in 2015. The Paris Agreement is a new international framework for causes such as a reduction of greenhouse gas emissions. The Japanese government advocates Society 5.0. These initiatives, among many others aimed at making society sustainable and enhancing people's Quality of Life, have accelerated in recent years. Social issues have grown more extensive and require more advanced action. In addition to advances in the digitalized society, these changes will increasingly gain momentum after the COVID pandemic and other catalysts.Initiatives leading to co-creationKurita is committed to solving social issues through its business activities in the areas of water and the environment by means of many different solutions created from the "water knowledge" which the Company has accumulated for many years. The Company creates social value by focusing on the development of products, technologies and business models that are significantly effective in saving water and reduction of CO2 emissions and waste and contribute to achieving SDGs and their specific targets.Hitachi combines product/OT(3), which it has accumulated for many years as a manufacturer, with IT and offers Lumada solutions that accelerate DX (digital transformation) through co-creation with customers. By doing so, the Company develops a social innovation business to maintain society within the planetary boundary and help each individual to achieve wellbeing while contributing to solving ever-complex social issues.Kurita and Hitachi, with an eye toward a sustainable society in response to the changing society, concluded that both of their technologies and expertise would contribute to increasing value for customers and society. Since March 2021, the two companies have been discussing the possibility of co-creation by using Hitachi's unique Lumada co-creation approach that generates new value and ideas not seen before. This led to the recent conclusion of MOU after the both companies reached an agreement on accelerating the efforts to implement in society the solutions for achieving "zero environmental impact" in the supply chain through the combining of the two companies' solutions and technologies and gaining partners in pursuit of creating businesses to build an ecosystem.The two companies have already started working on co-creation in DX for the management of steel mill raw material yards(4). After the recent conclusion of the MOU, the scope of discussion for realization of sustainable society will be expanded and the co-creation will be accelerated.(1) Lumada: A collective term for solutions, services and technologies based on Hitachi's advanced digital technologies for creating value from customers' data accelerating digital innovation (2) Lumada Alliance Program: A program for building an ecosystem through a community of open innovation characterized by matching with many different partners, with the aim of accelerating social innovation to solve the social issues that would be hard for a single company alone to solve and thereby create value(3) OT: Operational Technology(4) A news release published by Kurita Water Industries and Hitachi on September 27, 2022 "Kurita Water Industries and Hitachi Launch DX Co-creation for Managing Steel Mill Raw Material Yards"About Kurita Water Industries Ltd.Based on our corporate philosophy to "study the properties of water, master them, and create an environment in which nature and humanity are in harmony," Kurita provides customers with value to realize a sustainable society through our business activities in water and the environment. Seeing CSR as central to our business management, we operate under the four themes of "Solve issues related to water resources," "Realize sustainable energy use," "Reduce waste," and "Advance industrial production technologies" to create value throughout society and provide customers with products, technologies, and a business model making major contributions to water conservation, reducing carbon emissions, and reducing waste.In fiscal 2021 (the year ended March 2022), Kurita had consolidated sales revenue of 288.2 billion yen. As of March 2022, the Company has 70 consolidated subsidiaries employing 7,661 people worldwide.Visit the Kurita website for more information (www.kurita.co.jp/english/index.html).About 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 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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