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

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

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

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

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

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

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

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

14th Asian Logistics, Maritime and Aviation Conference concludes today

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

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

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - November 19, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to provide a business update on the commercialisation progress of THERMAL-XR® Powered by GMG Graphene.SINGAPORE GREEN BUILDING COUNCIL PRODUCT APPROVALThe Singapore Green Building Council has approved THERMAL-XR to be certified as a Singapore Green Building Product (SGBP) under the category of Mechanical - ACMV - Coil Coating. It is the first thermal air conditioning coating to be approved as a SGBP - please see the attached link: https://web.sgbc.online/public/product/certificate/5/46/495/8867/2978.The SGBP Certification Scheme is one of the key standards and benchmarks for green building products in the building and construction industry. Products and materials certified as a SGBP are highly recognised under the Green Mark Certification Scheme, Singapore's national green building rating tool administered by the Building and Construction Authority (BCA), which allows certified products to accrue points that count towards a project's Green Mark rating. The more highly rated a product is under the SGBP Certification Scheme (i.e., the more ticks it has achieved), the more points are awarded towards the Green Mark rating.The SGBP Certification Scheme is also widely accepted by regional green building rating tools for its coverage of products' sustainability performance. Examples include GreenRE, a rating tool set up by the Real Estate & Housing Developments' Association (REHDA) of Malaysia, and LOTUS, Vietnam Green Building Council's rating tool. The SGBP Certification Scheme complies with many of the requirements in ISO 14024 Environmental labels and declarations - Type I environmental labelling.Figure 1To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/230564_97152fedf493f854_001full.jpgThe benefits of SGBP Certification include:FOR PRODUCT SUPPLIERS:Analysis of your product's sustainability performance by experts and certification by a credible sourceOpportunity and insight into how to further develop your products to be more sustainableGreater awareness of your product for use in our current and future buildingsFOR DESIGNERS/ SPECIFIERS:An overview of products that are certified sustainableAn understanding of how a product stacks up against others in terms of their sustainability performanceEasier decision-making when choosing more sustainable productsFOR BUILDERS/ OWNERS:An overview of products that are certified sustainableData around the environmental properties of the products you useA unique selling point for your building projectsFOR TENANTS/ OCCUPANTS:An understanding of how sustainable the spaces you live and work in areHealth benefits of living/working in a greener buildingOnce a product is certified, SGBC will issue the product a certificate. Only certified products will be listed on the SGBP Certification Directory, which is maintained on the Singapore Green Building Council's website. This Interactive Directory is actively used by building industry professionals such as consultants, contractors, building developers and owners. Stakeholders can demand that products/ materials used for a building are SGBP certified. Certified products can gain credits under various green building rating tools.USA EPA PRE-MANUFACTURE NOTICE SUBMISSION MADEGMG and Nu Calgon have submitted a Pre-Manufacture Notice ("PMN") in conjunction with its USA Environmental Protection Agency's ("EPA") application to import and sell THERMAL-XR® in the USA. The PMN application is expected to be approved in less than 12 months. The PMN application covers the use of the coating in various application methods in various industrial applications.GMG's Managing Director and CEO, Craig Nicol, commented: "The SGBP Certification is highly welcomed and comes after many years of working with our coating and carrying out many demonstration projects in Singapore with our distribution and coating partners. We also welcome the progress on the EPA submission with our Nu Calgon distribution partner."GMG's Chairman and Director, Jack Perkowski, commented: "THERMAL-XR® being recognised as a Singapore Green Building Product is a very good sign of all the hard work GMG has done there over the years. The USA HVAC after market for coatings is a substantial opportunity for GMG and so it is good to see the progress on the EPA submission as well."About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG www.graphenemg.comGMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving coating), lubricants and fluids.In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.Cautionary Note Regarding Forward-Looking Statements This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the receipt, timing and nature of approval by the EPA of the PMN application and the opportunity represented by the USA HVAC after market for coatings. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding that the EPA will approve the PMN application and on the timing anticipated, that the content of the EPA's approval will be as anticipated, and that the USA HVAC after market for coatings is a substantial opportunity for the Company. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the EPA will not approve the PMN application on the timing anticipated or at all, that the content of the EPA's approval will not be as anticipated, that the USA HVAC after market for coatings is not a substantial opportunity for the Company, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230564 Copyright 2024 ACN Newswire via SeaPRwire.com.
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JBM Healthcare Announces FY2025 Interim Results ACN Newswire

JBM Healthcare Announces FY2025 Interim Results

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

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

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

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

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

GMG Provides Business Update on Working Capital and Cost Reductions

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

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

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

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

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

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

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

TransNusa Signs MOU on MRO Services with AIROD

KUALA LUMPUR, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - PT TransNusa Aviation Mandiri signed a Memorandum of Understanding (MOU) with AIROD Aerospace Technologies Sdn Bhd, establishing a strategic alliance with the Malaysian aircraft Maintenance, Repair and Operations (MRO) service provider.In addition, TransNusa also signed a Standard Ground Handling Agreement (SGHA) with AIROD for Technical Handling of its aircrafts at Subang Airport. TransNusa became the first foreign airline to received approvals and start scheduled flights from Jakarta to Subang in August, this year. The airline currently operates daily scheduled flights from Soekarno-Hatta International Airport, Jakarta to Subang Airport.TransNusa Group Chief Executive Officer, Datuk Bernard Francis said “Today’s MOU and SGHA will initially focus on the provision of MRO services by AIROD for our Airbus A320 aircraft family.He added that as stated in the MOU, AIROD will plan, develop and conduct dedicated inspections and maintenance work for TransNusa’s A320 family of aircrafts in Malaysia, starting December, this year.“This is not a small undertaking as it reflects TransNusa’s commitment to passengers in ensuring that our aircraft operate at peak performance, adhering to the highest standards of safety and efficiency,” said Datuk Bernard, emphasising the importance of an MRO provider for an airline.The signing of the MOU and SGHA took place at H76, AIROD Complex, Subang, Selangor. Datuk Bernard signed the MOU and SGHA on behalf of TransNusa while AIROD Aerospace Technology CEO, Datuk Firhad Uzir Abdul Rahim signed on behalf of his company.Established in 1976, AIROD is one of Asia Pacific’s oldest MRO service provider. Since its privatisation in 1995, the company has provided MRO-related services to 76 customers, with a combination of commercial and military aircrafts, from 33 countries.“As such, we acknowledge and appreciate AIROD’S vast experience and strength in providing world class quality depot level maintenance, aircraft customization, and modifications, which also includes structural and avionics upgrades,” said Datuk BernardDatuk Bernard stressed, “This MOU is a crucial first step towards the development of a Maintenance Support Agreement, which will detail the binding commitments of both parties. Until then, this MOU represents our dedication to working collaboratively, exploring all viable options, and striving for operational excellence.”Datuk Firhad presenting a memento to Datuk Bernard to mark the event.On why TransNusa has partnered with AIROD, Datuk Bernard said, “AIROD has been a leading Maintenance, Repair, and Overhaul (MRO) service provider in Malaysia for more than a decade and is known for delivering high-quality services.“AIROD specializes in a range of MRO-related services such as in base maintenance, inspections, modifications, refurbishments, corrosion control and repair, operational checks, and crash damage repair for aircrafts including the Boeing B737 series (Classic & NG), ATR 42/72 family, and A320 family,” Datuk Bernard said, adding that AIROD is also certified by the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for MRO services, with approvals from 8 other National Aviation Authorities (NAA) across the Asia-Pacific region.“With such a strong foundation, we are happy to partner with AIROD to ensure that our aircraft are always at optimum level of performance,” Datuk Bernard stressed.He added that AIROD also has a list of impressive local customer base including AirAsia Group, Batik Air, Kargo Xpress, Firefly, Berjaya Air, Raya Airways, and MyJets.“Our passengers trust us to get them safely from one destination to another, and this trust must be earned and maintained. By partnering with AIROD, we are reaffirming our commitment to safety and ensuring that our aircraft maintenance is in the hands of one of the most reputable MRO providers in the industry. This will empower us to focus more on our core mission of delivering seamless and exceptional travel experiences to our customers.” Datuk Bernard said.TransNusa, which had to close it business operation in September 2020 due to impact of the Covid-19 pandemic on the aviation industry, started operations again after injection of new shareholders and management team led by Malaysian-born aviation industry veteran, Datuk Bernard Francis, in October 2022.Within 6 months, under the leadership of Datuk Francis, the airline introduced its first international route between Jakarta and Kuala Lumpur and celebrated its first-year anniversary for this route on April 14, 2024. In August, this year, TransNusa became the first international airline to operate daily scheduled flights from Subang airport to Jakarta.Since the change in management team, TransNusa has been contributing and changing the aviation landscape in Indonesia. It has been making headlines in Indonesia, Malaysia, Singapore, China and around the world with news of being the first airline in Indonesia and the world to develop and introduce a new domestic route connecting Bali and Manado. TransNusa also became the second Indonesian airline to receive approval to fly to China and provided its passengers with more pricing and route options to China.In October, the airline yet again experienced another milestones by becoming the first Indonesian airline and second airline in the world to launch scheduled flight from Manado to Guangzhou, China.Primary Media ContactTrina Thomas Raj0124992672trina@myqaseh.orgAbout TransNusa TransNusa Airline, is a Premium Service Carrier. After the take-over, in February 2024, the airline rebranded itself from being a Low-Cost Carrier to a Premium Service Carrier in line with its upgraded aircrafts that offers better comfort as well as based on the flexibility and quality of the services offered. TransNusa, which received its AOC certification on 9th September 2022, launch its first three A320 operations on 6th October, 14th October and 12th December, 2022. The airline, which became the first outside of China to utilise Comac, received its first ARJ21 on 22nd December, 2022. In 2023, TransNusa introduced a new business model making it the first Premium Service Carrier in the Asia Pacific region. TransNusa introduced its first international flight on 14th April, 2023. The airline is currently based in Jakarta Soekarno-Hatta International Airport.The airline currently flies to Yogyakarta and Bali. On the international front, TransNusa flies to Singapore, Guangzhou, Kuala Lumpur and Johor. The airline became the second Indonesian airline to fly to China and the first Indonesian airline to launch a Premium Service Carrier business model.Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore, Malaysia and Indonesia, or by contacting the airline's customer service centre at, +62216310888. For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719 while for the Malaysian market, passengers can contact MKM Ticketing Travel & Tours Sdn Bhd at +60378312581. Copyright 2024 ACN Newswire via SeaPRwire.com.
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COP29: Indonesian Special Envoy Hashim Djojohadikusumo Announces EUR 1,2 Billion Green Funding ACN Newswire

COP29: Indonesian Special Envoy Hashim Djojohadikusumo Announces EUR 1,2 Billion Green Funding

BAKU, Azerbaijan, Nov 16, 2024 - (ACN Newswire via SeaPRwire.com) - The Indonesian Government, through Special Presidential Envoy of the Republic of Indonesia Hashim Djojohadikusumo, announced EUR 1.2 billion in green funding for the Indonesian power sector from German state development bank Kreditanstalt für Wiederaufbau (KfW) at the COP29 World Climate Conference in Baku, Azerbaijan, on Wednesday (11/13). The conference runs through Friday (11/22).COP29 MoU: Indonesian Special Presidential Envoy Hashim Djojohadikusumo (second left), with PLN President Commissioner Burhanuddin Abdullah (second right), PLN President Director Darmawan Prasodjo (right), and Kreditanstalt fur Wiederaufbau (KfW) Chief Sustainability Officer Jurgen Kern at the signing, themed "Leading the Charge: Strategic Partnership to Catalyze Decarbonization" in Baku, Azerbaijan on Wednesday, Nov 13.The agreement was marked by the signing of a Memorandum of Understanding (MoU) between PT PLN (Persero) and KfW to support Indonesia's energy transition towards self-sufficiency with the development of various green power and clean energy projects, centered on the Pumped Storage Hydroelectric Power Plant (PLTA) and transmission network connecting with green power plants. Hashim emphasized that the government is committed to accelerating the energy transition. By fostering collaborations at the global level, the shift towards renewable energy is expected to support energy self-sufficiency and drive national economic growth. "We have developed a new strategy over the next five years to achieve a minimum of 8% sustainable economic growth," Hashim affirmed. He stated that the development of clean energy sources is crucial for enhancing industrial competitiveness. Over the next 15 years, Indonesia's renewable energy generation capacity is targeted to increase by 75% from the total addition of 100 gigawatts (GW) in electricity capacity. "We will be a major country fulfilling our responsibility to protect the environment’s future. We deeply appreciate the established international cooperation as a joint effort toward reaching the Net Zero Emissions (NZE) target," Hashim explained. PLN President Director Darmawan Prasodjo expressed full support for the government’s initiatives in advancing the energy transition. Various collaborations and initiatives have been implemented by PLN to ensure the success of sustainable electricity projects. Darmawan noted that KfW's involvement in PLN’s green projects is expected to attract more international partners to collaborate. This will create a synergy of sustainable strategic, technical, and investment collaboration in global climate action. "This collaboration signifies PLN's proactive steps in expanding international partnerships to enhance national energy self-sufficiency in line with global climate actions," Darmawan stated.KfW Group's Sustainability Officer, Jurgen Kern, explained the KfW support for Indonesia represents Germany's commitment to international cooperation for green transformation. Further, Jurgen highlighted that PLN is at the center of Indonesia’s energy transition. PLN is strongly committed to greening the energy sector while ensuring reliable energy access."Therefore, we believe that Indonesia and Germany can continue strengthening their partnership in the energy sector, especially in clean energy projects like geothermal, hydropower, and transmission. Achieving the NZE target requires solid collaboration and partnership," Jurgen said.- Antara, for PT PLN (Persero), https://web.pln.co.id/en/sustainability/sustainability/.- Indonesia: https://indonesia.go.id/, KfW Germany: https://www.kfw.de/kfw.de-2.html Copyright 2024 ACN Newswire via SeaPRwire.com.
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Military Metals Completes Acquisition of Brownfield Antimony Projects in Europe ACN Newswire

Military Metals Completes Acquisition of Brownfield Antimony Projects in Europe

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90)(the "Company" or "Military") is pleased to announced that it has closed its previously disclosed transaction, pursuant to which 1509149 B.C. Ltd., a wholly-owned subsidiary of the Company, amalgamated with 1458205 B.C. Ltd. (the "Target") such that the Company has acquired 100% of the issued and outstanding common shares in the capital of the amalgamated entity (the "Transaction").In connection with the Transaction, the Company issued 10,000,000 Common shares in the capital of the Company (the "Company Shares"), at a deemed issuance price of $0.56 per Company Share, to the shareholders of the Target. Previously, it was contemplated that the Company would assume the Target's obligations in respect of 3,499,997 share purchase warrants, which were to become exercisable into Company Shares on closing, however the parties to the Transaction have amended the terms, and such obligation is not being assumed by Military. The Company Shares issued are not subject to resale restrictions under applicable Canadian securities laws.About the Projects:The Transaction results in the Company acquiring three mineral exploration projects in Slovakia, being the Trojarová antimony-gold project, the Tiennesgrund antimony-gold project, and the Medvedi tin project. It is the intention of the Company to produce a technical report under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in connection with Trojarová. The Company also intends to file a Business Acquisition Report for the Transaction in accordance with the requirements of applicable securities laws.About the Trojarová Antimony-Gold ProjectAs first reported in the Company's news release regarding Trojarová dated October 30, 2024, discovered in the late 1970s Trojarová was the focus of extensive surface and underground exploration from 1983 to 1995, with 63 core holes completed for a total of 14,330m, along with 1.7km of underground development starting in 1990, ultimately comprising a 300-meter-long adit connected to a 700-plus meter-long drive in the footwall of the mineralized zone with seven crosscuts into the mineralized zone for sampling purposes. These efforts culminated in a multi-volume study comprising drill logs, analyses, drill plans, maps and sections, deposit model studies, petrographic studies, metallurgical studies and more, culminating in a multi-volume compendium of reports produced by the Slovak Geological Institute published in 1992. The historical estimate at Trojarová was classified using the Slovak version of the newly post-Soviet Russian classification system, which is not directly comparable to or compatible with the western system as defined by the Canadian Institute of Mining, Metallurgy & Petroluem ("CIM Definition Standards for Mineral Resources & Mineral Reserves"). The Slovak Geological Institute, the State agency that carried out all exploration and underground development work at Trojarová, classified the resource as "P1" in the Slovak version of the Russian classification system. P1 is closest within the Canadian Institute of Mining, Metallurgy & Petroleum's ("CIM") classification system to "Inferred Mineral Resources," which is defined by the CIM as that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence gathered through appropriate sampling techniques from locations such as outcrops, trenches, pits, workings and drill holes.The 1992 Report contains a table featuring ten alternate historical resource estimates, five focused on the antimony component of the mineralized system and five on its gold component, each group of five featuring decreasing tonnage at increasing grade for antimony and gold, respectively. This table is shown below.Historical alternate resource estimate scenarios for Trojarova(source: Michel et al, 1992)To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_001full.jpgUpon completion of the Amalgamation, the Company will move forward to verify this historical estimate through a program of confirmation drilling so that it is able to classify mineral resources at Trojarová as current, in accordance with National Instrument 43-101.Map showing the location of Military's properties in SlovakiaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10818/230288_a61f2007c4ec68b4_002full.jpgInvestor Relations Engagements:The Company further announces entry into agreements related to marketing and investor relations. Further to the news releases announced on October 24, 2024, the Company engaged Clarkham Capital ("Clarkham") to provide investor relations services with a focus on the German stock market and the German-speaking investment community in support of the company listing on the Frankfurt Stock Exchange (the "Clarkham Agreement") with a commencement date of November 18, 2024. Pursuant to the terms of the Clarkham Agreement, Clarkham will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, including, but not limited to, the preparation of articles and coverages on multiple financial platforms and newsletters, and translation and distribution of press releases in Germany and any other marketing services as agreed upon by the Company and Clarkham (the "Clarkham Services"). The Clarkham Agreement has a term of two (2) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to Clarkham of EUR 200,000 (CAD$298,340), as consideration for the Services. Sebastian Korbach will be providing the Clarkham Services to the Company on behalf of Clarkham and may be contacted at +44-20-38839398 or cc@clarkham.com. The Company will not issue any securities to Clarkham as compensation. Both Clarkham and Sebastian Korbach are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.Additionally, the Company entered into a one-time media services arrangement with Robert Sinn ("Sinn") in which Sinn will provide the Company with marketing services, which includes, video content creation, distribution, digital marketing, in connection with a video interview being conducted by Sinn (the "Sinn Services") for distribution on popular investor platforms such as BNN Bloomberg. The Sinn Services will commence on November 20, 2024. The Company will make a one-time payment to Sinn of $2,500 USD, as consideration for the Sinn Services. Sinn and may be contacted at +352-613-2850 or ceotechnician@gmail.com, or Suite 508, 416 SW 1st Avenue, Fort Lauderdale, FL, 33301. The Company will not issue any securities to Sinn as compensation. Sinn is arm's length to the Company and does not have any interest, direct or indirect, in the Company or its securities nor does he have any right to acquire such an interest.On November 15, 2024, the Company entered into a media services contract (the "NIA Agreement") with GRA Enterprises LLC, DBA National Inflation Association ("NIA"). Pursuant to the terms of the NIA Agreement, NIA will, among other items, provide the Company with marketing services, which includes social media management, content creation, distribution, digital marketing, and any other marketing services as agreed upon by the Company and NIA (the "NIA Services") for distribution on popular investor platforms such as BNN Bloomberg and Benzinga. The NIA Agreement has a term of thee (3) months and is anticipated to commence on or about November 18, 2024. The Company will make a one-time payment to NIA of US$30,000, as consideration for the Services. Gerard Adams will be providing the NIA Services to the Company on behalf of NIA, and may be contacted at +973-277-7674 or inflationusceo@gmail.com, or 112 Camp Lane, Mooresville, NC 28117. The Company will not issue any securities to NIA as compensation. Both Gerard Adams and NIA are arm's length to the Company and do not have any interest, direct or indirect, in the Company or its securities nor do they have any right to acquire such an interest.The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.About Military Metals Corp. The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.ON BEHALF OF THE BOARD of DIRECTORSFor more information, please contact:Scott EldridgeCEO and Directorscott@militarymetalscorp.comFor enquiries, please call 604-722-5381 or 604-537-7556This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes statements related to the filing of a NI 43-101 compliant technical report, the filing of the Business Acquisition Report, as well as future plans for exploration activities, and for marketing. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact any future activities in respect of the properties held by the Company. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230288 Copyright 2024 ACN Newswire via SeaPRwire.com.
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COP29: PLN Encourages Global Collaboration for Energy Transition Towards Sustainable Energy Self-Sufficiency ACN Newswire

COP29: PLN Encourages Global Collaboration for Energy Transition Towards Sustainable Energy Self-Sufficiency

JAKARTA, Nov 13, 2024 - (ACN Newswire via SeaPRwire.com) - PT PLN (Persero) is promoting participation with the global community during the 29th Conference of the Parties (COP29) hosted in Baku, Azerbaijan, from November 11 to 22, 2024. This initiative is in harmony with the nation's objective of an energy transition towards sustainable energy self-sufficiency.Hashim Djojohadikusumo, Indonesia's Special Envoy to COP29Hashim Djojohadikusumo, Indonesia's Special Envoy to COP29, stated that under President Prabowo Subianto's leadership, Indonesia is committed to sustaining existing commitments made by preceding presidents to accelerate the energy transition and mitigate climate change."We will keep our commitments and develop new programs led by President Prabowo. Among these is an initiative to add 100 gigawatts of new power generation over the next 15 years, with renewable energy accounting for 75% (75 gigawatts). This ambitious initiative will necessitate USD 235 billion in investment," Hashim remarked at the opening of the Indonesian Pavilion at COP29 on Monday, November 11.Hashim also highlighted additional commitments, such as carbon emission reduction through Carbon Capture and Storage (CCS) technology. Indonesia is prepared to collaborate with multinational companies and other stakeholders interested in investing in this sector."Indonesia is blessed with vast saline aquifers, both onshore and offshore, providing an estimated carbon storage capacity of 500 gigatons," Hashim said.Indonesia invites international stakeholders to join in combating global warming, he noted, as the impact of climate change in Indonesia is part of a broader global challenge. "This journey will take years; it cannot be done overnight. It requires funding, technology, and knowledge," Hashim emphasized. Minister of Environment Hanif Faisol Nurofiq expressed optimism about the role of the Indonesian Pavilion at COP29, not only for Indonesia but also as a platform for global collaboration on climate mitigation solutions."The COP29 theme strongly aligns with our (Indonesian) pavilion theme, 'Sustainability Stronger Together.' This concept reflects our belief that through cooperation among nations, sectors, and communities, we can address climate change effectively," Faisol noted.The Indonesian Pavilion has three main objectives: representing Indonesia's climate diplomacy, promoting Indonesia's comprehensive climate mitigation efforts, and exploring new ideas, partnerships, and opportunities for strengthening climate resilience worldwide. Minister of Forestry Raja Juli Antoni emphasized that economic growth must be balanced with environmental protection, particularly forest conservation. He urged all stakeholders to participate in these efforts to achieve sustainable economic growth. "I encourage everyone to address our current forestry issues together. Collaboration is our collective responsibility to protect and conserve our forests, making them a source of prosperity for future generations," Raja Juli remarked. PLN CEO Darmawan Prasodjo reiterated PLN's commitment to support the Indonesian government's goal of adding new power generation capacity to achieve sustainable energy self-sufficiency. He noted that PLN has developed a roadmap and is expanding partnerships with local and global stakeholders."As the backbone of Indonesia's energy security, PLN is optimistic about achieving this target through a transition strategy focused on renewable energy and continuous sustainable development," Darmawan explained. To meet these goals, PLN has planned a Green Enabling Transmission Line to deliver clean energy from renewable sources in remote areas. Spanning 70,000 kilometers, this transmission network will connect Indonesian islands and transport clean electricity to urban demand centers. Darmawan also stressed that PLN continues to increase its renewable energy generation capacity and harness Indonesia's clean energy potential. "PLN is committed to developing supporting infrastructure, including smart grids, smart control systems, intelligent distribution, and battery storage systems to maximize renewable energy use," he stated. Collaboration, Darmawan emphasized, is essential. "PLN actively participates in global events like COP29 to strengthen partnerships for achieving sustainable energy self-sufficiency." "Global community efforts, including sustainable investments, technology transfer, and supportive policies for renewable energy development, are crucial," Darmawan concluded.Source: Antara for PLN ( https://web.pln.co.id/en/sustainability/sustainability ) Copyright 2024 ACN Newswire via SeaPRwire.com.
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Understand The Type of Credit Cards Offered By Citi And Find the Most Suitable One ACN Newswire

Understand The Type of Credit Cards Offered By Citi And Find the Most Suitable One

SINGAPORE, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - While most credit cards offer common benefits like fraud protection, they may differ based on their features and benefits. Before applying for a particular credit card, it's helpful to understand the different types of credit cards and how they work. Explore the different types of credit cards below.Travel Credit CardsTravel credit cards offer opportunities to earn and/or redeem rewards against travel purchases. For example, the Citi PremierMiles Card lets cardmembers earn 1.2 Citi Miles for every S$1 spent locally and 2.2 Citi Miles for every S$1 spent in foreign currency. Enjoy two annual complimentary airport lounge visits and get up to S$1 million in insurance coverage. While the exact benefits of a travel credit card may vary, travel cards provide exceptional value for people who travel often.Rewards Credit CardRewards credit cards help cardmembers earn points with every swipe and are an excellent choice for people who want more from their shopping experiences. Some rewards cards offer points with every purchase, others offer bonus rewards when cardmembers shop from categories like fuel, groceries, dining, entertainment, etc. The Citi Prestige Card earns rewards on all local and overseas spends and offers premium experiences like lounge access, golf privileges, concierge services, complimentary night hotel stay worldwide and more.Cash back CardsCash back cards provide cardmembers cash rebates on eligible transactions, making them a great option for people who prioritize savings. Some cash back cards allow redemption through shopping vouchers while others allow cardmembers to apply cash back toward credit card bill payments. Citi offers four different cash back credit cards that offer a range of benefits suited to different lifestyles and preferences. This includes the Citi Cash Back+ card where there is no cap on cash back earned and cash back earned does not expire.Business Credit CardsCorporate or business credit cards are created to simplify payments for businesses. They help business owners create a separate line of credit for their company, enable fast and seamless payments, and offer rewards like points or cash back. Business credit cards can help with expense tracking and management while offering exclusive privileges and deals to cardholders like complimentary travel insurance and corporate liability waiver insurance. Citi offers three business credit cards that offer exceptional benefits and discounts on restaurants, travel bookings and more.Student Credit CardStudent credit cards offer young adults the chance to build credit and enjoy great deals. The Citi Clear Card has no minimum income requirement and allows cardmembers to earn rewards on every purchase and enjoy the safety of secure transactions. Student credit cards are one way for first time cardholders to learn how credit works, make the best of rewards programs like ThankYou rewards, and get an array of discounts through Citi World Privileges.Choosing the right credit cardRemember that it's vital to compare credit cards to properly identify the best fit. Here are a few things to consider before applying for a credit card:Benefits and rewards: Aspiring cardmembers should identify areas where they spend the most and find a credit card that rewards those purchases. Bargain hunters can prioritize credit card rewards programs that favour spending on fuel, groceries, entertainment, and dining. Adventurers and business travellers may travel often enough to justify a travel credit card to earn miles and get airport lounge access.Fees and interest: Credit cards carry annual fees, and premium cards may have higher fees than basic cards. Usually, the annual fees will give additional perks back to the customer in the form of points or miles. Card applicants should be informed about fees and charges before applying for a card.Reward complexity: Many cardmembers miss out on opportunities to redeem their points because they don't understand the redemption process. A complex rewards program with category-specific benefits or many redemption rules may not be for everyone. A simple program with no minimum spends and a flat cashback rate on all or most purchases is ideal for many people. It's also important to understand when rewards expire.The right credit card can make purchases and payments easier and more rewarding. But it's important to consider the pros and cons of credit cards, carefully read the terms and conditions, and consider individual needs before making a suitable choice.Citibank SingaporeCitibank Singapore offers consumers and institutions a range of financial products and services, including consumer and investment banking, credit cards, and personal loans. Citibank Singapore aims to deliver holistic and innovative solutions to clients and meet the increasingly complex strategies of its regional client base in the APAC in an ever-changing financial landscape.The content reflects the view of the author of the article and does not necessarily reflect the views of Citi or its employees. Please read the products and offers on Citibank Singapore website for accuracy or completeness of the information presented in the article.Name: Sonakshi MurzeEmail: Sonakshi.murze@iquanti.comJob Title: ManagerSOURCE: iQuanti Copyright 2024 ACN Newswire via SeaPRwire.com.
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APTEXPO 2024 concludes on a high note, offering numerous innovation opportunities for decision-makers across the Asia Pacific’s fashion and supply chain sectors ACN Newswire

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

SINGAPORE, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - APTEXPO 2024, the global platform for top decision-makers in textiles, apparel, fashion and their supply chains, has concluded its inaugural edition after an exciting three days of activities in Singapore. With industry players in attendance for on-stage panel discussions, numerous new product launches and showcases, and high-level closed-door discussions, the convention has elevated the stage for resounding change.From 2000 to 2020, Asia's population grew by an additional 1.7 billion people, which has brought challenges like inventory surpluses and inefficiencies. Export volumes increased by 50 billion units, with an estimated 70% of these products ending up in landfills or incineration facilities. If left unaddressed, these could exacerbate system-level disruptions that affect consumers and their way of life. These challenges present an opportunity not only to responsibly minimise negative externalities and maximise operational efficiency alone in Asia but also to invest in innovation, growth and long- term value creation in its supply chains.Yet, reshaping and enhancing supply chain resilience is a complex, time consuming, and costly exercise that requires the trust and cooperation of active supply chain and business partners. ASEAN countries and the broader Asia-Pacific region are well placed to offer businesses, especially Asian brands, a unique opportunity to strengthen their supply chains, equipping them for a more sustainable future.The diversity in the profiles of the attendees — who represent organisations involved in various aspects of textiles, apparel, fashion and other supply chain activities across various geographies — demonstrates APTEXPO 2024’s central role in connecting the textile and apparel supply chain worldwide.A significant milestone was reached on Day 1 of APTEXPO 2024 by formally signing a collaboration agreement. APTEXPO 2024, with the support of the founding associations AFTEX and CNTAC, inked a Memorandum of Understanding (MOU) with Lazada Group, which sees both organisations formally agree to come and jointly deploy their capabilities to promote emerging fashion brands from Asia.From Left to Right: Yap Shook Fung, Vice President, MP Singapore, Liang Peng Cheng, Executive Vice-Chairman, Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX), Jason Chen, Group Chief Business Officer at Lazada & Chief Executive Officer at Lazada Singapore.“Through this MOU with APTEXPO, Lazada will work closely with Asian manufacturers to help them build, promote and expand the reach of their brands to our vibrant customer base across the six Southeast Asian economies where we operate. What sets Lazada apart is our dynamic ecosystem, our vast logistics infrastructure and cutting-edge technology, and our deep market insights across Southeast Asia. We’re excited to leverage these strengths to empower brands, enabling them to seamlessly enter and thrive in this diverse region”, said Jason Chen, Group Chief Business Officer, Lazada and Chief Executive Officer, Lazada Singapore.Delegates after the formal signing of the MOU.“APTEXPO 2024 has shown that innovation in textiles and fashion is a team effort—across geographies, industries, and expertise. The future of fashion is shifting eastward, and APTEXPO 2024 is evidence of the global demand for unique Asian brands,” said Liang Peng Cheng, Executive Vice Chairman of the Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX).On Day 2 of APTEXPO 2024, visitors discovered many solutions like Browzwear’s leading 3D apparel design software, which bring tremendous potential for application. Top-tier innovations from up-and- coming Asian designers, representing delegations from the Singapore Fashion Council (SFC), the Confederation of Wearables Exporters of the Philippines (CONWEP), Quanzhou Pavilion and the Ningo Committee of the China Council for the Promotion of International Trade (CCPIT), were also on display to visitors at Marina Bay Sands Expo and Convention Centre, the convention’s premises this year.On Day 3 of APTEXPO 2024, two formal networking sessions were held, connecting participants for introductions, strategic dealmaking and other forms of collaboration for sustainable textiles production and Chinese market opportunities. Further to the panel discussions held on Day 1 (more info can be found here), they also heard from experts from Douyin, Lazada, AFITTY Solutions and others at two exclusive closed-door workshops that covered industry-relevant discussions on sourcing, branding and investment opportunities in the Asia Pacific region.“We are excited to be part of the inaugural APTEXPO 2024. We believe this was a good start and an excellent platform to springboard the restructuring of the textile and apparel supply chain industry, strengthening the ecosystems between the different markets within the Asia-Pacific region. We intend to work with our partners and stakeholders to continue the momentum that has been set this year and to accelerate the transformation in 2025 and beyond”, said Jason Ng, Managing Director, MP Singapore.Through its programming lineup, APTEXPO continues to deliver opportunities for collaboration and change-making in the textiles and fashion ecosystem. APTEXPO will be back in Singapore in November 2025.For more information on APTEXPO 2024, please visit ap-texpo.com.Hashtag: #aptexpohttps://ap-texpo.com/https://www.linkedin.com/company/aptexpo-2024https://www.facebook.com/aptexpo2024/About AFTEXASEAN Federation of Textile Industries (AFTEX) was established in 1978 with the objective to promote common trade position and cooperation among textile and apparel industry in ASEAN member countries in line with the objective of the ASEAN Chamber of Commerce and Industry (ASEAN-CCI).Every year, AFTEX hold its regular meetings plus side events on a rotational basis among member countries to discuss concrete issues of significant relevance to the regional growth and development of the textile and apparel industry, ranging from ASEAN trade linkages to workforce development, from trade fairs & investment promotion to sustainability issue, from regional cooperation to broader partnerships, and more.About CNTACChina National Textile and Apparel Council (CNTAC) is a national federation serving China's textile and apparel industry and enterprises. As a non-profit social organisation dedicated to the high-quality development of industry and enterprises, the services of CNTAC cover the entire textile industrial chain including cotton, linen, wool, silk, knitting, man-made fiber, printing and dyeing, filament fabric, home textiles, industrial textiles, clothing and textile machinery.The wide-ranging services involve areas such as R&D, standards setting, technology transfer, application of information technology, environmental protection, sustainability, inspection and testing, new products, fashion designing, branding, social responsibility, intangible heritage, marketing, trade fairs, industrial layout, industrial clusters, overseas investment, international exchanges, industry- finance integration, training programs and publication.About SFCSingapore Fashion Council (SFC) - formerly known as Textile and Fashion Federation (Singapore) is the official association for the textile and fashion industry in Singapore. Embracing a transformative vision, SFC aspires to become a Vibrant Asian Hub for Responsible Fashion.With a focus on three key pillars: Sustainability, Innovation & Technology and Asian Craftsmanship, SFC works closely with diverse partners across the value chain to offer thought leadership, extensive networks, and resources - to drive impactful change throughout the ecosystem.About MP SingaporeThe MP Group (MP) is a global full-service events management, marketing and community engagement company.Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.About CCPIT TEXThe Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) was officially established in 1988. Three decades after its establishment, CCPIT TEX has gradually developed into an excellent organiser for professional exhibitions in China's textile and apparel industry.Independently or along with its partners, CCPIT TEX has organised a series of world-renowned exhibitions which cover the entire textile and garment industry both at home and abroad, including but not limited to Intertextile shanghai apparel fabrics, Intertextile shanghai home textiles, ITMA ASIA + CITME and CINTE.About FOURSOURCEFOURSOURCE, is one of the world's largest tech-enabled B2B apparel and textile networks, connecting over 50,000 companies across 120 countries, facilitating the buying and selling of apparel, fabrics, trims, yarns, and home textiles. The network provides professional tools for brands and suppliers to speed-up their cycle time and reduce cost.FOURSOURCE is dedicated to making the industry smarter, safer, more transparent, and sustainable. The company was founded in 2017 and is headquartered in Berlin, Germany, with offices in Portugal, Turkey, Pakistan and China.Media ContactPRecious Communicationsaptexpo@preciouscomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Cropmate Sets to Raise RM42.0 Million from ACE Market IPO ACN Newswire

Cropmate Sets to Raise RM42.0 Million from ACE Market IPO

KUALA LUMPUR, Nov 15, 2024 - (ACN Newswire via SeaPRwire.com) - Cropmate Berhad (“Cropmate” or the “Company”), a key player in the conventional and specialty fertiliser manufacturing industry in Malaysia, is pleased to announce the launch of its prospectus for the upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).Ms. Lee Jim Leng, Group Managing Director and Chief Executive Officer of Hong Leong Investment Bank Berhad; Mr. Lee Chin Yok, Managing Director, Cropmate BerhadThe IPO aims to raise RM42.0 million through the issuance of 210.0 million new shares at a retail price of RM0.20 per share. The proceeds from the IPO will be allocated as follows:RM17.1 million for working capital to support Cropmate's growing operations. RM16.7 million to part finance the purchase considerations of Factory Lot 8949 and Factory Lot 8950 where Cropmate’s operations are located. RM3.2 million for capital expenditure including setting up of a Research and Development (“R&D”) and test laboratory. RM5.0 million to defray listing expenses.Managing Director of Cropmate, Mr. Lee Chin Yok, stated, “This is a defining moment for Cropmate with the launch of our prospectus. As the first-ever pure-play fertiliser company to be listed on Bursa Malaysia, this IPO represents our commitment to enhancing agricultural productivity and sustainability in Malaysia. With the proceeds, we aim to expand our R&D capabilities and continue to innovate in the fertiliser industry. We are excited about the opportunities this IPO opens for Cropmate as we strengthen our presence in the Malaysian agricultural sector.”He further added, “Our focus on expanding our R&D capabilities and securing strategic assets aligns with our long-term vision of becoming a leading force in the industry. The additional working capital will also provide us the necessary resources to meet the rising demand for high-quality fertilisers, especially amongst the durian orchards and oil palm plantations, while ensuring continuous innovation and excellence in our operations.”Group Managing Director/Chief Executive Officer of HLIB, Ms. Lee Jim Leng, expressed her support, stating, “Cropmate is well-positioned to capture the growth in Malaysia’s agricultural sector, especially with its focus on innovation and sustainability, which allows them to play a pivotal role in strengthening food security as our population continues to grow. Their strategic initiatives, backed by a strong operational foundation, ensure that Cropmate will continue to thrive and lead the fertiliser industry moving forward.”Cropmate’s growth is anchored in its expertise in the formulation and blending of conventional and specialty fertilisers, as well as trading of straight fertilisers. The Company’s commitment to supporting farmers with innovative, high-quality fertilisers has established it as a trusted name in Malaysia’s agricultural industry.Hong Leong Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter and Bookrunner.About Cropmate Berhad (“Cropmate”)Founded in 2018, Cropmate Berhad is an established fertiliser manufacturer and supplier in Malaysia, specialising in the formulation and blending of conventional and specialty fertilisers. With a focus on innovation and sustainability, Cropmate offers a wide range of products designed to enhance agricultural productivity, including compacted and blended fertilisers, as well as semi-organic, organic, and liquid fertilisers. Led by industry veterans with decades of experience, Cropmate is committed to supporting farmers in improving crop yield and quality. As the first pure-play fertiliser company listed on Bursa Malaysia, Cropmate continues to advance its mission of contributing to the growth and sustainability of the agricultural sector.For more information, visit https://www.cropmate.com.my/Issued By: Swan Consultancy Sdn. Bhd. on behalf of Cropmate BerhadFor more information, please contact:Jazzmin WanEmail: j.wan@swanconsultancy.bizWilliam YeoEmail: w.yeo@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
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APTEXPO 2024 Kicks Off with Key Fashion and Supply Chain Leaders Sparking Innovation on Day One ACN Newswire

APTEXPO 2024 Kicks Off with Key Fashion and Supply Chain Leaders Sparking Innovation on Day One

SINGAPORE, Nov 13, 2024 - (ACN Newswire via SeaPRwire.com) - APTEXPO 2024 officially kicked off today at the Marina Bay Sands Expo and Convention Center, marking the start of a groundbreaking three-day event poised to create new opportunities for change in the textiles and apparel value chain.As the global platform that convenes the top decision-makers in textiles, apparel, fashion, and their supply chains, this year's convention promises to be more than a series of panel discussions—it is a much-needed gateway to transforming your business through its exclusive showcase of the latest fashion, supply chain and textiles technologies and projects from the likes of Singapore Fashion Council (SFC) Pavilion and HY Green Technology - which is set to unravel on 14 November.On the first day, Sharon Lim, President of the Singapore Fashion Council (SFC), delivered the welcome speech. She addressed the esteemed guests, fellow speakers, and the audience and commended the organisers for hosting the inaugural Asia-Pacific Textile and Apparel Supply Chain Summit 2024.On APTEXPO 2024, Sharon Lim said, “As the official association for Singapore's textile and fashion industry, SFC partners with various stakeholders throughout the value chain to drive meaningful change across three key pillars: sustainability, innovation and technology, and Asian craftsmanship. Partnerships are essential for building a resilient and agile supply chain today. Such stakeholder collaboration helps mitigate risk, seize new opportunities and foster innovation that benefits us all. APTEXPO 2024 is a great example of this work we are undertaking.”The first day of APTEXPO 2024 also offered attendees the chance to gain the knowledge and insights shared in the opening speeches by Poh Chi Chuan, Executive Director, Exhibitions and Conferences, Singapore Tourism Board; Albert Tan, Chairman, ASEAN Federation of Textile Industries (AFTEX); and Sun Ruizhe, President, China National Textile and Apparel Council (CNTAC). These organisations play an important role in promoting textile and fashion innovation.From Left to Right: (1) Jonas Wand, CEO and Co-Founder, FOURSOURCE, (2) Xu Yingxin, Vice President, China National Textile and Apparel Council (CNTAC), (3) Sharon Lim, President, Singapore Fashion Council, (4) Sun Ruizhe, President, China National Textile and Apparel Council (CNTAC), (5) Albert Tan, Chairman, ASEAN Federation of Textile Industries (AFTEX), (6) Poh Chi Chuan, Executive Director, Exhibition and Conferences Singapore Tourism Board, (8) Peter Liang Pengcheng, President, Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX).Zhang Tingting, CEO of SFC, moderated a panel discussion that dove into the role of regional collaboration in building a resilient, adaptive and sustainable supply chain, convening on stage high- level executives from Weave, Browzwear, JEANWEST International, Shanghai Challenge Textile Co and the Hong Kong General Chamber of Textiles.Regina Leong, CEO of Trackland Sdn Bhd Group of Companies, Honorary Permanent Secretary General, AFTEX, and President of the Malaysian Textile Manufacturers Association (MTMA), hosted the second panel discussion of the day. The panel featured experts from various organisations, including the Indonesian Textile Association and SEMBCORP. The panellists shared strategies for boosting Asia-Pacific production capabilities and leveraging partnership opportunities in the region’s textile industry.Two plenary sessions also took place on the first day, during which audiences heard from more leaders in the global textiles and apparel segment.The first plenary session addressed global trends and challenges in the textile and garment industry. Christian P. Schindler, Director General of ITMF, discussed current industry challenges, while Dirk Vantyghem of EURATEX covered the EU's role in advancing sustainability. Deepika Rana, COO of Li & Fung, rounded off with insights on supply chain innovation.The second plenary session focused on technology, branding, and sustainability as drivers of supply chain restructuring. Jonas Wand, CEO of FOURSOURCE, shared how AI shapes future value chains, and Chris Govier of Kornit Digital emphasised digital advancements for sustainable growth. Sunny Huang from New Wide Group discussed digital manufacturing solutions, while Henry Tan of Luen Thai Group examined Asia’s market potential.APTEXPO 2024 will continue through 15 November 2024 in Singapore, with an exclusive lineup of industry updates, showcases, and networking sessions to follow.For more information on APTEXPO 2024, please visit ap-texpo.com.Hashtag: #aptexpohttps://ap-texpo.com/https://www.linkedin.com/company/aptexpo-2024https://www.facebook.com/aptexpo2024/About AFTEXASEAN Federation of Textile Industries (AFTEX) was established in 1978 with the objective to promote common trade position and cooperation among textile and apparel industry in ASEAN member countries in line with the objective of the ASEAN Chamber of Commerce and Industry (ASEAN-CCI).Every year, AFTEX hold its regular meetings plus side events on a rotational basis among member countries to discuss concrete issues of significant relevance to the regional growth and development of the textile and apparel industry, ranging from ASEAN trade linkages to workforce development, from trade fairs & investment promotion to sustainability issue, from regional cooperation to broader partnerships, and more.About CNTACChina National Textile and Apparel Council (CNTAC) is a national federation serving China's textile and apparel industry and enterprises. As a non-profit social organisation dedicated to the high-quality development of industry and enterprises, the services of CNTAC cover the entire textile industrial chain including cotton, linen, wool, silk, knitting, man-made fiber, printing and dyeing, filament fabric, home textiles, industrial textiles, clothing and textile machinery.The wide-ranging services involve areas such as R&D, standards setting, technology transfer, application of information technology, environmental protection, sustainability, inspection and testing, new products, fashion designing, branding, social responsibility, intangible heritage, marketing, trade fairs, industrial layout, industrial clusters, overseas investment, international exchanges, industry- finance integration, training programs and publication.About SFCSingapore Fashion Council (SFC) - formerly known as Textile and Fashion Federation (Singapore) is the official association for the textile and fashion industry in Singapore. Embracing a transformative vision, SFC aspires to become a Vibrant Asian Hub for Responsible Fashion.With a focus on three key pillars: Sustainability, Innovation & Technology and Asian Craftsmanship, SFC works closely with diverse partners across the value chain to offer thought leadership, extensive networks, and resources - to drive impactful change throughout the ecosystem.About MP SingaporeThe MP Group (MP) is a global full-service events management, marketing and community engagement company.Established since 1987, MP embodies more than a quarter century of event building, marketing and management experience in both Eastern and Western cultures, practices, and business philosophies. We bring world-class talent, industry expertise, and incredible enthusiasm into the design and management of extraordinary online-to-offline experiences for your organisation.MP is part of Pico Group, a global group of agencies specialising in engaging people, creating experiences and activating brands for businesses, institutions and governments. As part of the Pico group, MP has unlimited access to a wide network of industry contacts and resources. Pico Far East Holdings has been listed on the Hong Kong Stock Exchange since 1992.About CCPIT TEXThe Sub-Council of Textile Industry, China Council for the Promotion of International Trade (CCPIT TEX) was officially established in 1988. Three decades after its establishment, CCPIT TEX has gradually developed into an excellent organiser for professional exhibitions in China's textile and apparel industry.Independently or along with its partners, CCPIT TEX has organised a series of world-renowned exhibitions which cover the entire textile and garment industry both at home and abroad, including but not limited to Intertextile shanghai apparel fabrics, Intertextile shanghai home textiles, ITMA ASIA + CITME and CINTE.About FOURSOURCEFOURSOURCE, is one of the world's largest tech-enabled B2B apparel and textile networks, connecting over 50,000 companies across 120 countries, facilitating the buying and selling of apparel, fabrics, trims, yarns, and home textiles. The network provides professional tools for brands and suppliers to speed-up their cycle time and reduce cost.FOURSOURCE is dedicated to making the industry smarter, safer, more transparent, and sustainable. The company was founded in 2017 and is headquartered in Berlin, Germany, with offices in Portugal, Turkey, Pakistan and China.Media ContactPRecious Communicationsaptexpo@preciouscomms.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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