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<?xml version="1.0" encoding="utf-8"?><?xml-stylesheet href="https://www.acnnewswire.com/rss/rss2full.xsl" type="text/xsl" media="screen"?><?xml-stylesheet href="https://www.acnnewswire.com/rss/itemcontent.css" type="text/xsl" media="screen"?><rss version="2.0"><channel><title>ACN Newswire</title><link>https://www.acnnewswire.com</link><description>ACN Newswire press release news - Recent Press Releases</description><item><title>GMG Unveils SUPER G(R): A Game-Changing Graphene Solution for the Lithium-Ion Battery Industry</title><pubDate>Wed, 27 Nov 2024 03:00:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/GMG220.jpg" border="0" /></p><p><strong>Brisbane, Queensland, Australia--(ACN Newswire - November 21, 2024) -</strong>Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of <strong>SUPER G®</strong>, a graphene slurry which can be used to enhance the performance of lithium-ion batteries. This breakthrough product has the potential to reshape the future of energy storage, offering battery manufacturers an innovative solution that optimizes efficiency, power, and longevity.</p><p style="text-align: center;"><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg"></a></p><p style="text-align: center;"><em>Figure 1</em></p><p style="text-align: center;">To view an enhanced version of this graphic, please visit:<br><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure_1.jpg</a></p><p><strong>Unleashing the Power of Graphene</strong></p><p><strong>SUPER G® </strong>is a graphene slurry which has been developed by GMG over the last 3 years for GMG's own Graphene Aluminium-Ion Battery which has unique properties of high electrical conductivity, low charge transfer resistance and high density compared to other carbon battery additives and materials used in lithium-ion batteries.</p><p>The Graphene comes from GMG's self-developed graphene production system and is then processed through a number of steps in the co-located pilot plant and finally into a liquid graphene product which we believe will be able to be added into or coated onto either a customer's lithium-ion battery cathode or anode production with a 0.5-2% dosage by weight.</p><p>GMG is currently engaged in confidential discussions with multiple battery manufacturers and industry players to explore the potential testing and supply of SUPER G®. These discussions underscore the growing demand for high-performance materials that can push the boundaries of energy storage technology.</p><p><strong>Exceptional Performance Confirmed by Oxford University</strong></p><p>A recent study conducted by Oxford University has confirmed the exceptional performance of GMG's SUPER G®. Key findings include:</p><ol style="list-style-type: decimal;"><li>SUPER G® demonstrates 2.5 times lower mean ionic resistivity compared to standard graphite, as shown in Figure 2. Lower pore ionic resistivity will improve battery efficiency, charge and discharge rates.</li></ol><p style="text-align: center;"><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg"></a></p><p style="text-align: center;"><em>Figure 2: Ionic Resistivity of Graphite vs. GMG SUPER G® (100 µm thick, 30% porous vs. 125 µm thick)</em></p><p style="text-align: center;">To view an enhanced version of this graphic, please visit:<br><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure2.jpg</a></p><ol style="list-style-type: decimal;" start="2"><li>SUPER G® features multimodal particle distribution (~20 µm large particles + sub-1 µm particles), which increases energy density for more powerful, longer lasting batteries.</li></ol><p style="text-align: center;"><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3_550.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure3_550.jpg"></a></p><p style="text-align: center;"><em>Figure 3: Cross-Section of SUPER G® with Wide-Beam Ar+ Ion Polishing</em><br><br>To view an enhanced version of this graphic, please visit:<br><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure3.jpg</a></p><ol style="list-style-type: decimal;" start="3"><li>Unlike conventional materials, SUPER G® maintains its integrity during calendaring (compression onto battery foil), ensuring no significant damage to the binder layer. This is crucial for maintaining battery longevity and performance.</li></ol><p style="text-align: center;"><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg"><img style="border-width: 0px;" src="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg" alt="Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg"></a></p><p style="text-align: center;"><em>Figure 4: Nyquist Plot of EIS Response - Calendared vs. Uncalendared SUPER G®</em></p><p style="text-align: center;">To view an enhanced version of this graphic, please visit:<br><a href="https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg">https://images.newsfilecorp.com/files/8082/230859_gmg_figure4.jpg</a></p><p>Table 1 shows <strong>SUPER G®</strong> in comparison with the commonly used conductivity carbon additives used in lithium-ion battery industry- it shows many attractive attributes for <strong>SUPER G®</strong> including 2-3 times higher bulk density and 3 times greater surface area than the industry standard carbon additive.</p><table style="width: 100%; border-collapse: collapse; border: 1px solid #000000;" border="0" cellspacing="0" cellpadding="3"><tbody><tr><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;"><strong>Property</strong></td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;"><strong>Standard Industry <br>Lithium-Ion <br>Battery Carbon <br>Additive</strong></td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;"><strong>GMG SUPER G®</strong></td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"><strong>Bulk Density </strong></td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">0.12-0.25 g/cm³</td><td style="width: 33.3%; text-align: center; vertical-align: top; font-size: 10px; border: 1px solid #000000;">0.3-0.4 g/cm³ </td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"><strong><br>Surface Area </strong></td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">~60 m²/g</td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">250 m²/g</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"><strong><br>Typical Loading in <br>Electrode </strong></td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">2-5 wt%</td><td style="width: 33.3%; text-align: center; vertical-align: bottom; font-size: 10px; border: 1px solid #000000;">0.5-2 wt %</td></tr><tr><td style="width: 33.3%; font-size: 10px; border: 1px solid #000000;"><strong><br>High-Rate <br>Performance<br><br></strong></td><td style="width: 33.3%; text-align: center; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Standard <br>application</td><td style="width: 33.3%; text-align: center; vertical-align: middle; font-size: 10px; border: 1px solid #000000;">Excellent for very high-rate <br>applications</td></tr></tbody></table><p> </p><p style="text-align: center;">Table 1: Performance Comparison of GMG <strong>SUPER G® </strong>and Commonly used Conductivity Additive</p><p>GMG's Graphene has been found to increase rate tolerance of lithium-ion batteries - which is a desirable quality that allows the battery to be charged and discharged at various rates (faster and slower) with less negative impact on the capacity of the battery.</p><p><u><strong>About GMG:</strong></u></p><p>GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process. GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications.</p><p>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.</p><p>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").</p><p>GMG's 4 critical business objectives are:</p><ol style="list-style-type: decimal;"><li>Produce Graphene and improve/scale cell production processes</li><li>Build Revenue from Energy Savings Products</li><li>Develop Next-Generation Battery</li><li>Develop Supply Chain, Partners & Project Execution Capability</li></ol><p>For further information please contact:</p><div id="contactInfo"><ul style="list-style-type: disc;"><li>Craig Nicol, Chief Executive Officer & Managing Director of the Company at <a href="mailto:craig.nicol@graphenemg.com">craig.nicol@graphenemg.com</a>, +61 415 445 223</li><li>Leo Karabelas at Focus Communications Investor Relations, <a href="mailto:leo@fcir.ca">leo@fcir.ca</a>, +1 647 689 6041</li></ul></div><p><em>Neither 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.</em></p><p><em><strong>Cautionary Note Regarding Forward-Looking Statements</strong> </em></p><p><em>This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries.</em></p><p><em>Such forward-looking statements are based on a number of assumptions of management, including, without limitation the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the potential of SUPER G® to be an additive to improve Lithium-Ion Batteries, or at all, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at </em><a href="https://api.newsfilecorp.com/redirect/arMbZFe5Rg"><em>www.sedarplus.ca</em></a><em>.</em></p><p><em>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.</em></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/2EW2VSRYVq">https://www.newsfilecorp.com/release/230859</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/230859/425" alt=""></p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/94024/</link><guid>https://www.acnnewswire.com/press-release/english/94024/</guid><category>Metals & Mining, Engineering, EVs, Transportation, Manufacturing</category><stock_tickers>TSXV:GMG</stock_tickers><summary>Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce the launch of SUPER G(R), a graphene slurry which can be used to enhance the performance of lithium-ion batteries.</summary><featuredimage /></item><item><title>SGX-Listed Mooreast Appoints Norwegian Eirik Ellingsen as CEO to Drive Growth in Global Floating Offshore Wind Market</title><pubDate>Mon, 25 Nov 2024 10:00:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/Mooreast220.jpg" border="0" /></p><p style="text-align: justify;"><strong>SINGAPORE, Nov 21, 2024 - (ACN Newswire) -</strong> Mooreast Holdings Ltd. (“Mooreast” or the “Group”), announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide.</p><center><figure class="image"><img src="https://photos.acnnewswire.com/20241121.Mooreast.jpg" alt="Mr Eirik Ellingsen’s appointment, which will begin 1 January 2025, comes amid the growing commercialisation of floating offshore renewable energy projects" width="350" height="301"><figcaption></figcaption></figure><p><em>Mr Eirik Ellingsen’s appointment, which will begin 1 January 2025, comes amid the growing commercialisation of floating offshore renewable energy projects</em></p></center><p style="text-align: justify;"> </p><p style="text-align: justify;">Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over from Mr Sim Koon Lam, the founder, who will continue to serve as Executive Director and Deputy Chairman of the Group.</p><p style="text-align: justify;">Mooreast is a total mooring solutions specialist and Asia’s only ultra-high power anchor manufacturer primarily serving the offshore renewable energy, offshore oil & gas and marine industries. With operations in Singapore and the Netherlands, the Group is establishing a manufacturing facility in Aberdeen, Scotland, and is making forays into the North East Asia market.</p><p style="text-align: justify;">In June 2024, the Group announced that it was acquiring 60 Shipyard Crescent from a subsidiary of Seatrium Limited. The acquisition increases Mooreast’s total land area to 129,609 sqm (approx. 1.4 million sqft) and quadruples its production capacity to produce enough subsea foundation to support between 1.5 gigawatts (“GW”) to 2GW of floating offshore wind energy per annum compared to its current capacity of 0.5GW.</p><p style="text-align: justify;">Mr Ellingsen, who is also a resident of Singapore, brings over 35 years of experience to the role. He is currently serving as Director of Offshore Wind in the Asia Pacific at independent non-profit foundation Norwegian Energy Partners (“Norwep”). In that role, he built strong relationships with the global offshore wind industry across South Korea, Japan, Taiwan, the Philippines, Vietnam and Australia. His last day at Norwep will be 31 December 2024.</p><p style="text-align: justify;">Before joining Norwep, Mr Ellingsen held several key roles in the global offshore industry. Notably, he served as Group Executive Director for Ferguson Group Ltd, where he oversaw its global container and modular business, and established its Singapore operations in 2008. He also founded Norway-based Ferdocean AS in 2018 which was sold in 2022. Following the sale, he was appointed Non-Executive Director of Ferdocean AS, where he provided strategic operational oversight of the business.</p><p style="text-align: justify;">Mr Ellingsen holds certifications in Business Sustainability Management from the University of Cambridge, Leadership and Competence Development for Board and Committee Members from the University of Stavanger and in Foundation Program in Business Administration from the BI Norwegian School of Management. Additionally, he is a certified ISO 9001, 14001, 27001 Lead Auditor through the Knowledge Academy.</p><p style="text-align: justify;">Mr Ellingsen’s appointment comes amid the growing commercialisation of floating renewable energy projects, which are moving further offshore to deeper waters, driving demand for advanced mooring solutions such as anchoring techniques and synthetic mooring lines.</p><p style="text-align: justify;">Floating wind farm developers require an innovative partner with a reliable network of suppliers and manufacturing capabilities to reduce costs and address supply chain challenges. This presents Mooreast with a strong opportunity to offer its cutting-edge mooring solutions.</p><p style="text-align: justify;">Mooreast said it would leverage on Mr Ellingsen’s extensive expertise and network within the offshore wind industry to capture business opportunities, as the Group positions itself as a key player in the global floating offshore wind market.</p><p style="text-align: justify;">Commenting on the appointment, Mr Sim Koon Lam said, “We are delighted to welcome Mr Ellingsen to the team; his experience, strong track record and deep industry knowledge and network will further accelerate our push towards the floating offshore renewable sector. We are confident he will strengthen our strategic direction, propel the Group to the next level and deliver long-term value to our shareholders.”</p><p style="text-align: justify;">Mr Eirik Ellingsen said “I am deeply honoured and excited to take on the role of CEO at Mooreast. I look forward to working with the Mooreast team to implement key transformation strategies to build momentum and achieve the Group’s long-term vision of becoming the leading mooring solutions provider within the floating renewable energy sector.”</p><p style="text-align: justify;">Leveraging more than 30 years of mooring and offshore marine expertise, Mooreast total mooring solutions include the design, engineering and fabrication of specialist anchors and equipment, as well as geotechnical and geophysical studies such as soil data analysis to determine project feasibility and engineering design for mooring configuration for floating wind turbines. The Group also incorporated Mooreast Taiwan in May 2024 and Mooreast Malaysia in July 2024.</p><p style="text-align: justify;">This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, W Capital Markets Pte. Ltd. (the “Sponsor”). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.</p><p style="text-align: justify;">The contact person for the Sponsor is Ms Alicia Chang, Registered Professional, W Capital Markets Pte. Ltd., at 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3525.</p><p style="text-align: justify;">Issued for and on behalf of Mooreast Holdings Ltd. by WeR1 Consultants Pte Ltd.</p><p style="text-align: justify;"><strong>About Mooreast Holdings Ltd.</strong></p><p style="text-align: justify;">Mooreast is a total mooring solutions specialist, serving mainly the offshore renewable energy, offshore oil & gas (“O&G”) and marine industries, with operations primarily in Singapore, the Netherlands through its wholly-owned subsidiary in Rotterdam Mooreast Europe, and offices based in Scotland, Taiwan and Malaysia.</p><p style="text-align: justify;">Mooreast’s solutions include the design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems. Mooreast is applying its experience and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe.</p><p style="text-align: justify;">For more information, please visit <a href="https://mooreast.com/">https://mooreast.com/</a></p><p style="text-align: justify;"><strong>Media & Investor Contact Information</strong><br>WeR1 Consultants Pte Ltd<br>1 Raffles Place #02-01<br>One Raffles Place Mall Suite 332<br>Singapore 048616<br>Isaac Tang, <a href="mailto:mooreast@wer1.net">mooreast@wer1.net</a> (M: +65 9748 0688)</p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/94017/</link><guid>https://www.acnnewswire.com/press-release/english/94017/</guid><category>Alternative Energy, HR, Marine & Offshore</category><stock_tickers>SGX:MOOR, SGX:1V3</stock_tickers><summary>Mooreast Holdings Ltd. ("Mooreast" or the "Group"), announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer ("CEO") amid growing adoption of floating wind energy projects worldwide.</summary><featuredimage>https://photos.acnnewswire.com/tr:n-650/20241121.Mooreast.jpg</featuredimage></item><item><title>First Quarterly Profit, High-Quality Platform Growth, NaaS Technology Accelerates Ecosystem Development</title><pubDate>Fri, 22 Nov 2024 23:22:00 +0800</pubDate><description><![CDATA[<p style="text-align: justify;"><strong>HONG KONG, Nov 22, 2024 - (ACN Newswire) - </strong>On November 20, NaaS Technology Inc. (NASDAQ: NAAS), the first U.S.-listed EV charging service company in China, released its Q3 2024 earnings report, showcasing an impressive performance.</p><p style="text-align: justify;">According to the announcement, the company's core strategy—its charging service business—has shown strong growth, contributing RMB 42.37 million in revenue, a 36% year-over-year increase, accounting for 95% of total revenue. This highlights the success of the company’s strategic focus, which also resulted in a significant increase in gross profit margin. In Q3 2024, the gross profit margin reached a record-high 57%, up from 38% in the previous quarter. Notably, the company achieved a critical milestone this quarter by recording its first-ever positive net profit. Non-IFRS net profit attributable to ordinary shareholders was RMB 21.2 million (US$ 3.0 million) for the third quarter, signaling a successful transition to the "high-quality development" phase, focusing on profitability and marking a significant improvement in the company’s earning capabilities.</p><p style="text-align: justify;"><strong>Strategic Focus on Charging Services, Strengthening the Role as an Industry Connector</strong></p><p style="text-align: justify;">NaaS's strong profitability this quarter is closely tied to its strategic decision to focus on its charging services business, which is a platform business in nature.</p><p style="text-align: justify;">As a leader in third-party electric vehicle (EV) charging services, NaaS does not directly operate charging stations. Instead, it leverages its robust connectivity, operational, and intelligent digital capabilities to act as an "industry connector." Positioned as a platform linking supply and demand in the EV charging industry, NaaS avoids the low-profit, high-capital-intensive energy solutions segment and emphasizes the distinct platform characteristics of its charging service business.</p><p style="text-align: justify;">NaaS’s charging service business is supported by its strategic partnership with the Kuaidian APP, which serves as a traffic portal to provide interconnection services for various charging operators. The partnership expands NaaS’s user outreach while also improving EV charging stations’ utilization and operational efficiency, by drawing to them more customer traffic . For EV owners, the service enables quick searches for nearby charging stations, including real-time status updates, improving charging efficiency and optimizing the user experience.</p><p style="text-align: justify;">NaaS’s platform-driven charging services integrate various industry participants, enhance ecosystem construction on both the supply and demand sides, improve industry efficiency, and align the charging sector with the rapid growth of China's EV industry.</p><p style="text-align: justify;">This platform business requires substantial early-stage investment, including subsidies, to cultivate market habits and expand network coverage. With the rapidly evolving EV sector, characterized by technological innovation and shifting market dynamics, initial investments may be amplified. However, as the platform grows and user loyalty strengthens, the industry shifts from chaotic expansion to refined operations, with NaaS gradually realizing economies of scale and achieving profitability at scale.</p><p style="text-align: justify;">According to the latest financial report, NaaS is actively aligning with industry development trends by optimizing its internal processes and improving efficiency, thereby enhancing profitability. Driven by the dual forces of market demand and user growth, NaaS is gradually entering a harvest phase.</p><p style="text-align: justify;">The financial report shows that in Q3 2024, the company’s charging service business achieved steady growth in both GTR (Gross Take Rate) and NTR (Net Take Rate), with the proportion of profitable orders rising to 73%. The total charging volume transacted through the NaaS network reached 1.284 billion kWh, a 13% increase quarter-over-quarter. These factors collectively fueled the growth of NaaS’s charging service business and are the primary reasons behind the company achieving its first-ever quarterly non-IFRS net profit.</p><p style="text-align: justify;"><strong>Moving Beyond Subsidy Dependence, Achieving Organic Platform Growth</strong></p><p style="text-align: justify;">In addition to its impressive profitability, NaaS’s charging service business has also demonstrated significant high-quality growth in scale. As the market matures, NaaS’s business shows clear scale advantages that continue to expand.</p><p style="text-align: justify;">Recognizing industry trends and aligning with internal capabilities, NaaS began reducing user subsidies in early 2024, transitioning from subsidy-driven growth to organic growth by expanding user acquisition channels and deepening partnerships. This shift not only allowed the company to focus on the core value of its charging services—promoting intrinsic growth through improved products and services—but also supported the development of a more stable and sustainable revenue model, strengthening its competitive moat.</p><p style="text-align: justify;">This shift is reflected in the financial data. Optimized subsidy policies contributed to an 81% year-over-year decrease in selling and marketing expenses to RMB 29.7 million (US$ 4.2 million) for this quarter. Despite reduced subsidies, NaaS’s platform achieved strong growth in transaction users in Q3.</p><p style="text-align: justify;">Besides, latest data also show the number of connected charging stations increased by 40% year-over-year to 96,000, and the total number of connected chargers rose by 49% year-over-year to 1.146 million, outpacing the industry’s average growth rate during the same period. Significant cut in expenses does not compromise the company’s continuous growth.</p><p style="text-align: justify;"><strong>AI-Driven Business Growth, Building an Industry Ecosystem</strong></p><p style="text-align: justify;">Since the launch of ChatGPT in 2022, the industry has been exploring how AI can empower various sectors, with the trend moving from general AI models to domain-specific applications—charging is no exception.</p><p style="text-align: justify;">AI can process and analyze vast datasets, including user needs, market trends, and historical transaction data, to accurately forecast supply-demand dynamics and provide personalized recommendations based on user behavior. This can significantly enhance supply-demand matching efficiency and accuracy, addressing key challenges such as inefficient matching and insufficient high-quality supply in the current charging industry.</p><p style="text-align: justify;">NaaS was an early adopter of AI and has demonstrated foresight in leveraging it to advance the charging industry.</p><p style="text-align: justify;">As early as 2016, NaaS began developing AI algorithms to improve transportation energy supply-demand matching, operational efficiency, and intelligent energy replenishment experiences. In 2023, the company launched its NEF (NaaS Energy Fintech) system based on advanced AI algorithms. This system manages station site selection, revenue evaluation, operational scheduling, maintenance, and more, enhancing the operational efficiency and financial sustainability of regional charging operators while improving the user experience.</p><p style="text-align: justify;">The scale of data often determines the intelligence level of AI algorithms. With its charging station network, NaaS has accumulated significant supply-demand data, providing an extensive stage for AI applications. In Q3, NaaS officially joined the AI Applications Alliance and is poised to continue unlocking the value of AI in the charging service industry, accelerating the digital transformation of the sector.</p><p style="text-align: justify;">Beyond AI-driven advancements, the rapid growth of EVs has facilitated the integration of ecosystem resources across the charging industry. NaaS is also building its own ecosystem around its charging services by establishing long-term partnerships with automotive OEMs, charging station operators, energy companies, and the State Grid. These collaborations expand infrastructure coverage, provide user-friendly experiences, and enhance customer loyalty.</p><p style="text-align: justify;">In August 2024, NaaS announced an in-depth partnership with FAW-Volkswagen to provide smart, efficient, and convenient charging experiences for NEV owners. In September, NaaS reached a strategic collaboration with IM Motors to offer enhanced service capabilities. These partnerships highlight NaaS’s ongoing efforts to expand the ecosystem in the EV charging industry, creating a comprehensive and robust service ecosystem.</p><p style="text-align: justify;">With the rapid growth of NEVs, the charging industry, as a critical supporting infrastructure, has entered a phase of accelerated expansion. As a "connector" in the charging service market, NaaS leverages AI-driven algorithms to continuously integrate resources from various industry participants and collaborate with ecosystem partners to build a mutually beneficial ecosystem. According to the latest financial report, NaaS has transitioned from the early "cash-burning" stage to a phase of refined operations, with its profitability model gradually being recognized by the market. The company is poised for large-scale profitability, supported by its wide network coverage, and its future development is highly anticipated.</p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/94041/</link><guid>https://www.acnnewswire.com/press-release/english/94041/</guid><category>Automotive, EVs, Transportation</category><stock_tickers>NASDAQ:NAAS</stock_tickers><summary>On November 20, NaaS Technology Inc. (NASDAQ: NAAS), the first U.S.-listed EV charging service company in China, released its Q3 2024 earnings report, showcasing an impressive performance.</summary><featuredimage /></item><item><title>NaaS Technology Inc. Scores First Quarterly Profit, with Strategy Focused on EV Charging Services</title><pubDate>Wed, 20 Nov 2024 22:26:00 +0800</pubDate><description><![CDATA[<p align="left"><strong>HONG KONG, Nov 20, 2024 - (ACN Newswire) - </strong>NaaS Technology Inc. (Nasdaq: NAAS), a U.S.-listed EV charging service provider in China, released its Q3 2024 financial results, highlighting its first-ever positive quarterly non-IFRS net profit of RMB 20.6 million ($2.9 million).</p><p align="left">Revenue from the company's EV charging services business, which represents 95% of total revenue, increased by 36% year-over-year to RMB 42.4 million ($6.0 million). The proportion of orders with positive net take rates rose to 73%, while sales expenses decreased by 81% year over year to RMB29.7 million (US$4.2 million) due to reduced reliance on customer incentives and improved operational efficiencies. Total revenue decreased by 55% year-over-year to RMB 44.4 million due to the company's decision to phase out low-margin energy solution projects. Despite a decrease in revenue, the company also reported a gross profit margin of 57%, the company's highest to date. Total gross profit for this quarter arrived at RMB25.2 million (US$3.6 million) as compared to RMB28.6 million in the same period of 2023.</p><p align="left">The company emphasized advancements in its AI-powered NaaS Energy Fintech (NEF) system, which is designed to optimize charging operations, including site selection and revenue management. Partnerships with FAW-Volkswagen and IM Motors appear to have also expanded NaaS' network, with the company claiming to now connect around 1.15 million chargers.</p><p align="left">NaaS also reiterated its focus on environmental, social, and governance (ESG) initiatives, joining the China ESG Alliance and releasing its 2023 ESG report. The company outlined its efforts to integrate sustainability into its business model and support the transition to green energy.</p><p align="left">CEO of NaaS, Ms. Yang Wang, commented on the results and emphasized to shareholders that the company's financial performance reflects NaaS' strategic focus and operational adjustments. Wang reiterated the company's emphasis on core EV charging services and ongoing efficiency improvements, and aimed to continue adapting to China’s dynamic EV market.</p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/94008/</link><guid>https://www.acnnewswire.com/press-release/english/94008/</guid><category>Automotive, EVs, Transportation</category><stock_tickers>NASDAQ:NAAS</stock_tickers><summary>NaaS Technology Inc. (Nasdaq: NAAS), a U.S.-listed EV charging service provider in China, released its Q3 2024 financial results, highlighting its first-ever positive quarterly non-IFRS net profit of RMB 20.6 million ($2.9 million).</summary><featuredimage /></item><item><title>COP29: PLN Encourages Global Collaboration for Energy Transition Towards Sustainable Energy Self-Sufficiency</title><pubDate>Wed, 13 Nov 2024 16:00:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/PTPLN250.jpg" border="0" /></p><p style="text-align: justify;"><strong>JAKARTA, Nov 13, 2024 - (ACN Newswire) - </strong>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.<br><br></p><center><figure class="image"><img src="https://photos.acnnewswire.com/20241113.PLN.jpg" alt="Hashim Djojohadikusumo, Indonesia's Special Envoy to COP29" width="550" height="367"><figcaption>Hashim Djojohadikusumo, Indonesia's Special Envoy to COP29</figcaption></figure></center><p style="text-align: justify;"><strong>Hashim Djojohadikusumo, Indonesia's Special Envoy to COP29</strong>, 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.</p><p style="text-align: justify;">"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.</p><p style="text-align: justify;">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.</p><p style="text-align: justify;">"Indonesia is blessed with vast saline aquifers, both onshore and offshore, providing an estimated carbon storage capacity of 500 gigatons," Hashim said.</p><p style="text-align: justify;">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. </p><p style="text-align: justify;">"This journey will take years; it cannot be done overnight. It requires funding, technology, and knowledge," Hashim emphasized. </p><p style="text-align: justify;"><strong>Minister of Environment Hanif Faisol Nurofiq</strong> 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.</p><p style="text-align: justify;">"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.</p><p style="text-align: justify;">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. </p><p style="text-align: justify;">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. </p><p style="text-align: justify;">"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. </p><p style="text-align: justify;"><strong>PLN CEO Darmawan Prasodjo</strong> 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.</p><p style="text-align: justify;">"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. </p><p style="text-align: justify;">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. </p><p style="text-align: justify;">"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." </p><p style="text-align: justify;">"Global community efforts, including sustainable investments, technology transfer, and supportive policies for renewable energy development, are crucial," Darmawan concluded.</p><p style="text-align: justify;"><br>Source: Antara for PLN ( <a href="https://web.pln.co.id/en/sustainability/sustainability">https://web.pln.co.id/en/sustainability/sustainability</a> )</p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93865/</link><guid>https://www.acnnewswire.com/press-release/english/93865/</guid><category>Environment, ESG, Alternative Energy</category><stock_tickers>IDX:PLN</stock_tickers><summary>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 to an energy transition towards sustainable energy self-sufficiency.</summary><featuredimage>https://photos.acnnewswire.com/tr:n-650/20241113.PLN.jpg</featuredimage></item><item><title>SIG expands its SIG Neo filling machine portfolio with the global launch of SIG Neo Slimline 15 Aseptic during Gulfood Manufacturing</title><pubDate>Tue, 12 Nov 2024 16:00:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/SIG_Logo_220.jpg" border="0" /></p><p style="text-align: justify;"><strong>SINGAPORE, Nov 12, 2024 - (ACN Newswire) -</strong> SIG, a leading packaging solutions provider, announced the expansion of its SIG Neo filling machine portfolio, featuring the world's fastest and most flexible aseptic carton filling machine for multi-serve formats. With the debut presentation of SIG Neo Slimline 15 Aseptic at Gulfood Manufacturing in Dubai, held from November 5-7, SIG launched another cutting-edge filling machine for multi-serve aseptic carton packs, capable of filling up to 15,000 SIG SlimlineBloc packs per hour – a 25% increase in output compared to SIG’s standard filling machines for family-sized formats.</p><center><figure class="image"><img src="https://photos.acnnewswire.com/20241112.SIG.jpg" alt="(Photo: SIG)" width="550" height="397"><figcaption>Photo: SIG</figcaption></figure></center><p style="text-align: justify;">As food and beverage manufacturers face an increasing need for high output and flexibility, TCO-improved, and sustainable options, the SIG Neo technology platform offers groundbreaking solutions. The new SIG Neo Slimline 15 Aseptic machine not only accelerates production speed, but also maintains a compact footprint, making it an ideal solution for producers looking to increase capacity without costly facility expansions. In an industry where floor space is at a premium, flexibility and quality are essential and the total cost of ownership is a priority, SIG’s ability to significantly boost output per square meter is a game-changer.</p><p style="text-align: justify;">The SIG Neo technology represents a major leap forward in filling machine innovation. Designed to meet the evolving needs of the F&B sector, it enables manufacturers to seamlessly switch between 1L, 750mL and 500mL packaging volumes, products from multiple categories and packaging materials.</p><p style="text-align: justify;">“With the SIG Neo platform, we’re addressing key industry challenges,” said Christoph Wegener, Chief Markets Officer at SIG. “Our customers are seeking higher production capacity, improved efficiency, and the ability to adapt to changing consumer trends. The SIG Neo Slimline 15 Aseptic delivers uniquely on all these fronts. It offers the industry-leading waste rate of less than 0.5%, smart digitalization in operations, and up to 15% reduced Total Filling Costs compared to SIG’s standard filling machines for multi-serve aseptic cartons. With this top-tier performance, we enable our customers to scale up their filling line capacity to up to 70 million packs per year. Of course, our SIG Neo filling machine portfolio is designed to run our SIG Terra suite of even lower carbon aseptic carton packaging materials.”</p><p style="text-align: justify;">Additional features of the SIG Neo Slimline 15 Aseptic filling machine include the state-of-the-art SIG Neo HMI (Human-Machine Interface) for intuitive operation and to generate smart insights on the filling machine’s performance. Added to this is SIG Neo Shield for enhanced sterile airflow and shielding during bottom sealing and pre-folding making it possible to remove up to 95% particles from the air, leading to top quality and extended production cycles. Furthermore, semi-automatic cleaning capabilities will be included on the SIG Neo platform providing superior cleaning results and shorter downtime.</p><p style="text-align: justify;">Gavin Steiner, Chief Technology Officer at SIG: “As the food and beverage industry continues to evolve, SIG is setting a standard for fast, flexible, and sustainable filling technology. The SIG Neo Slimline 15 Aseptic is a testament to SIG’s commitment to innovation, helping manufacturers achieve growth, efficiency, and quality like never before. This is particularly interesting for manufacturers who want to grow fast – even with limited space. I am proud of the SIG team, who have succeeded in developing a ground-breaking technology that meets the industry's need for rapid growth and flexible production.”</p><p style="text-align: justify;">Going forward, SIG plans to bring these cutting-edge SIG Neo technology advancements to further aseptic carton filling machines for even more packaging formats in both its multi-serve and single-serve portfolio.</p><p style="text-align: justify;"><strong>About SIG</strong></p><p style="text-align: justify;">SIG is <a name="_Hlk179975747"></a>a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.</p><p style="text-align: justify;">Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our <a href="https://www.sig.biz/en" target="_blank" rel="noopener">website</a>.</p><p style="text-align: justify;">For insights into trends that drive the food and beverage industry, visit the <a href="https://www.sig.biz/signals/en" target="_blank" rel="noopener">SIG blog</a>.</p><p style="text-align: justify;"><strong>Picture caption:</strong><br>SIG announced the expansion of its SIG Neo filling machine portfolio, featuring the world's fastest and most flexible aseptic carton filling machine for multi-serve formats. With the debut presentation of SIG Neo Slimline 15 Aseptic at Gulfood Manufacturing in Dubai, held from November 5-7, SIG launched another cutting-edge filling machine for multi-serve aseptic carton packs, capable of filling up to 15,000 SIG SlimlineBloc packs per hour – a 25% increase in output compared to SIG’s standard filling machines for family-sized formats.<br><strong>Photo: SIG</strong></p><p style="text-align: justify;"><strong>Your contact for media inquiries:</strong><br>PRecious Communications for SIG<br>Email: <a href="mailto:sig@preciouscomms.com">sig@preciouscomms.com</a></p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93822/</link><guid>https://www.acnnewswire.com/press-release/english/93822/</guid><category>Food & Beverage, Environment, ESG, Print & Package, Manufacturing</category><stock_tickers>SWX:SIGN</stock_tickers><summary>SIG, a leading packaging solutions provider, announced the expansion of its SIG Neo filling machine portfolio, featuring the world's fastest and most flexible aseptic carton filling machine for multi-serve formats. </summary><featuredimage>https://photos.acnnewswire.com/tr:n-650/20241112.SIG.jpg</featuredimage></item><item><title>COP29 Climate Change Conference Must Address Acute Challenges of Developing Countries Such as Bangladesh - Summit Power International Limited</title><pubDate>Sat, 09 Nov 2024 12:50:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/Summit.jpg" border="0" /></p><p style="text-align: justify;"><strong>Dhaka, Bangladesh, Nov 9, 2024 - (ACN Newswire) -</strong> The U.N. Climate Change Conference next week needs to urgently address major gaps in funding and technology and adopt fresh approaches to meet the challenges of developing countries with vulnerable communities such as Bangladesh, Summit Power International Limited (“SPIL”), the country’s largest private sector power generation company, said today.</p><p style="text-align: justify;">Singapore-headquartered SPIL, the leading foreign direct investor in Bangladesh’s power sector, said it hoped the widely anticipated COP29 Climate Change Conference starting 11 November in Azerbaijan will lead to an actionable agenda that can balance global net zero targets with the needs of poorer countries seeking to eradicate poverty and create jobs on an accelerated scale.</p><p style="text-align: justify;">SPIL operates 18 power plants with a combined capacity of 2,255 MW or approximately 17% of the total installed private power generation capacity in the country of 173 million people. As a responsible company with a strong track record of providing energy and power to Bangladesh, SPIL is acutely aware of the international initiatives to de-carbonise.</p><p style="text-align: justify;">At COP21 in 2015, 196 countries signed the Paris Agreement with collective commitments to limit global warming. However, subsequent global financing initiatives have been deadlocked. Among the key initiatives of COP29 is a New Collective Quantified Goal to deliver substantive climate financing to regions that need it most.</p><p style="text-align: justify;">Beyond the pledges, global climate goals must also take into consideration challenges unique to each country, especially the lesser developed, said SPIL. Prior to COP29, SPIL had outlined its internal Climate Action Plan to support Bangladesh’s stated goal (declared at the COP26 in Glasgow in 2021) to achieve up to 40% of clean energy use in its power generation mix by 2041.</p><p style="text-align: justify;">“Both the national and SPIL’s own de-carbonisation targets have to be viewed against the backdrop of the pandemic and subsequent supply chain disruptions as well as the conflict in Ukraine which drove up prices of fossil fuels. Bangladesh, which has to contend with cyclones and flooding on a regular basis, has felt the impact of such disruptions more acutely than most other countries.</p><p style="text-align: justify;">“We hope COP29 – whose leaders have promised engagement, ambition, and action – will address decisively real-world issues from the perspective of developing nations and responsible corporates involved in the energy eco-system, such as SPIL. We look forward to holistic approaches that avoid a one-size-fits-all mindset,” SPIL said.</p><p style="text-align: justify;">SPIL’s Founder and Chairman, Mr Muhammed Aziz Khan, a Singapore citizen, said: “We hope COP29 adopts approaches fairly and equitably to address the social and economic impact, particularly for vulnerable communities and workers in fossil fuel industries in developing countries. A just energy transition must promote circular economy principles that benefit local populations to ensure resilience.</p><p style="text-align: justify;">Second, international organisations, governments, and corporations must provide funding and technology to support the energy transition. For developing countries such as Bangladesh, such approaches must combine development finance and foreign direct investments.</p><p style="text-align: justify;">Third, different regions will have different timelines to progress towards net zero. For the near term, Bangladesh’s power sector – which has been facing issues of imbalance of supply and demand and delays in payments – needs to reduce dependence on coal or heavy fuel oil and increase usage of natural gas which is less carbon-intensive, even as it pursues initiatives in renewable energy.”</p><p style="text-align: justify;">As part of its Climate Action Plan, SPIL has committed not to develop new liquid fuel-fired power plants in Bangladesh. It will also reduce its Scope 1 and Scope 2 emissions by 10% by 2030 as compared to its 2021 baseline and plans to derive 40% of its energy generation portfolio from clean energy sources by 2040. SPIL has also formed a Sustainability Task Force under the leadership of the CEO.</p><p style="text-align: justify;">While recognising geographical limitations in Bangladesh for large-scale solar or wind farms, SPIL has outlined plans to invest or obtain international financial support for up to USD 3 billion in renewable energy projects in the country.</p><p style="text-align: justify;"><strong>About Summit Power International Limited (“SPIL”)</strong></p><p style="text-align: justify;">SPIL is the largest Independent Power Producer (IPP) in Bangladesh, reflecting 17% of the country's total private installed capacity and 7% of the country’s total installed capacity. SPIL owns and operates a total of 18 power plants with a combined generation capacity of 2,255MW. It also operates Bangladesh’s second Floating Storage and Regasification Unit (FSRU) and LNG import terminal with daily regasification capacity of 500 million cubic feet.</p><p style="text-align: justify;">SPIL is a privately-held Singapore-registered company that is 78%-owned by the family of Mr Muhammed Aziz Khan. In 2016 SPIL acquired Bangladesh-registered Summit Corporation Ltd (SCL) in a transaction that was financed primarily by International Finance Corporation, the World Bank’s private sector arm. SCL holds various infrastructure assets in Bangladesh. In 2019, JERA Co., Inc., Japan’s largest power generation company, acquired a 22%-stake in SPIL and remains its second largest shareholder to date.</p><p style="text-align: justify;">Learn more at: <a href="http://www.summitpowerinternational.com">www.summitpowerinternational.com</a> </p><p style="text-align: justify;"><strong>Media Contact</strong><br>WeR1 Consultants Pte Ltd<br>WhatsApp (Text): (+65) 9748 0688<br>Email: <a href="mailto:summit@wer1.net">summit@wer1.net</a></p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93759/</link><guid>https://www.acnnewswire.com/press-release/english/93759/</guid><category>Energy, Alternatives, Alternative Energy, Government</category><stock_tickers>SGX:1579715D</stock_tickers><summary>The U.N. Climate Change Conference next week needs to urgently address major gaps in funding and technology and adopt fresh approaches to meet the challenges of developing countries with vulnerable communities such as Bangladesh, Summit Power International Limited ("SPIL"), the country's largest private sector power generation company, said today.</summary><featuredimage /></item><item><title>Selayang Mall Environment Week 2024 Unites Community for a Greener Future</title><pubDate>Thu, 07 Nov 2024 18:00:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/AK220.jpg" border="0" /></p><p style="text-align: justify;"><strong>SELANGOR, Malaysia, Nov 7, 2024 - (ACN Newswire) -</strong> Selayang Mall, owned by <a href="https://www.amanahrayareit.com.my/">AmanahRaya Real Estate Investment Trust (REIT)</a> and managed by <a href="https://www.knightfrank.com.my/about-us">Knight Frank Malaysia</a> (“Knight Frank”), launches its inaugural Selayang Mall Environment Week 2024 as part of a bold initiative to champion environmental sustainability. The event gathered over 3,000 attendees, including families, local community groups, and eco-enthusiasts, all committed to celebrating and learning about environmental conservation.</p><p style="text-align: justify;">The week-long event offered interactive exhibits, live demonstrations, and educational workshops, making it a key platform for raising environmental awareness in the Selayang community. Highlights included sessions on local biodiversity, eco-friendly practices, and fun hands-on activities for all ages, which sparked meaningful discussions about safeguarding Selayang’s natural heritage.</p><center><figure class="image"><img src="https://photos.acnnewswire.com/20241107.Mall2.jpg" alt="Selayang Mall donated RM16,000 worth of essential supplies to Pusat Pemulihan Dalam Komuniti in conjunction with Selayang Mall Environment Week." width="550" height="413"><figcaption>Selayang Mall donated RM16,000 worth of essential supplies to Pusat Pemulihan Dalam Komuniti in conjunction with Selayang Mall Environment Week.</figcaption></figure></center><p style="text-align: justify;">Supported by renowned local entities, such as the Majlis Perbandaran Selayang, Forest Research Institute Malaysia (“FRIM”), and 99 Wonderland Park, the Environment Week saw the involvement of schools, private organisations, and community advocates. Tunku Rozita Tunku Abdul Malek, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (“AKRM”), and other key figures, including Dato’ Dr Ismail Haji Parlan, Director General of FRIM, lent their presence and support, underscoring the event’s significance.</p><center><figure class="image"><img src="https://photos.acnnewswire.com/20241107.Mall1.jpg" alt="Mohd Yusof Tawil, Chairman of Pusat Pemulihan Dalam Komuniti; Nazatul Syima, Head of Operation of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Tunku Rozita, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Yuen May Chee, Director of Knight Frank Malaysia; Benoit Cazin, Centre Manager of Selayang Mall; Hazwani Izzati, Marketing Manager of Selayang Mall [L-R]" width="550" height="413"><figcaption>Mohd Yusof Tawil, Chairman of Pusat Pemulihan Dalam Komuniti; Nazatul Syima, Head of Operation of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Tunku Rozita, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn. Bhd.; Yuen May Chee, Director of Knight Frank Malaysia; Benoit Cazin, Centre Manager of Selayang Mall; Hazwani Izzati, Marketing Manager of Selayang Mall [L-R]</figcaption></figure></center><p style="text-align: justify;"><strong>Benoit Cazin, Centre Manager of Selayang Mall,</strong> said, “Selayang Mall Environment Week represents our commitment to inspiring positive change. This gathering exemplifies what’s possible when our community comes together for a common cause. Our goal is not only to promote environmental protection but to also position Selayang as a must-visit location with vibrant attractions.”</p><p style="text-align: justify;">Beyond awareness, the initiative extended its impact through a substantial donation of RM16,000 in essential supplies to children at Pusat Pemulihan Dalam Komuniti Selayang, underlining Selayang Mall’s broader commitment to social and environmental sustainability.</p><p style="text-align: justify;">The success of Selayang Mall Environment Week marks a significant step for community-driven environmental action. The organisers aim to continue building momentum, creating a lasting legacy that encourages a deeper connection with nature and sustainable practices across Selayang.</p><p style="text-align: justify;"><strong>For media enquiries, please contact:</strong></p><p style="text-align: justify;"><strong>Hazwani Izzati Khirrudin - Asst Marketing Manager</strong><br>Email: <a href="mailto:hazwani.khirrudin@my.knightfrank.com">hazwani.khirrudin@my.knightfrank.com</a></p><p style="text-align: justify;"><strong>Noor Atiyya Binti Mahmud</strong><br>Email: <a href="mailto:nooratiyya@akrm.com.my">nooratiyya@akrm.com.my</a> </p><p style="text-align: justify;"><strong>Mandy Tan</strong><br>Email: <a href="mailto:m.tan@swanconsultancy.biz">m.tan@swanconsultancy.biz</a></p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93728/</link><guid>https://www.acnnewswire.com/press-release/english/93728/</guid><category>Exchanges & Software, Daily Finance, Environment, ESG</category><stock_tickers /><summary>Selayang Mall, owned by AmanahRaya Real Estate Investment Trust (REIT) and managed by Knight Frank Malaysia ("Knight Frank"), launches its inaugural Selayang Mall Environment Week 2024 as part of a bold initiative to champion environmental sustainability.</summary><featuredimage>https://photos.acnnewswire.com/tr:n-650/20241107.Mall1.jpg</featuredimage></item><item><title>Source Intelligence Evolves With C-Map: Delivering Next-Generation SaaS Platform for Compliance & Sustainability</title><pubDate>Tue, 05 Nov 2024 05:00:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/SourceIntelligence.220.jpg" border="0" /></p><p style="text-align: justify;"><strong>SAN DIEGO, CA, Nov 5, 2024 - (ACN Newswire) - </strong>Source Intelligence has evolved with <a href="https://stats.nwe.io/x/html?final=aHR0cHM6Ly93d3cuc291cmNlaW50ZWxsaWdlbmNlLmNvbS9zb2x1dGlvbi1vdmVydmlldw&sig=JsPfdFE80YQPq9Gc8ZfpONRUXxOR2ScR2CPjdFZL04dHp9aYsayuGoNMIx9w5B0V9d8kgUhwcawFIojk-B2F9Q&hit%2Csum=WyI0bHZ3bzIiLCI0bHZ3bzMiLCI0bHZ3bzQiXQ" rel="nofollow">C-Map</a>, a next-generation software as a service (SaaS) platform that empowers enterprises to manage compliance and sustainability with greater efficiency. Designed to address the increasing complexities of today's regulatory landscape, this powerful platform combines robust automation capabilities, Artificial Intelligence (AI), and in-house regulatory expertise to help companies tackle increasing compliance demands and mitigate emerging risks.</p><p style="text-align: center;"><a href="https://cdn.nwe.io/files/x/bb/de/0d74e0bcaf3481b4a0eb90ae640a.png" rel="nofollow"><img style="display: block; margin-left: auto; margin-right: auto;" src="https://cdn.nwe.io/files/x/f9/16/bc2fc995c64eb3f1786323f986b1.jpg" alt="Source Intelligence" width="550"></a><strong>Source Intelligence</strong></p><p style="text-align: center;">Source Intelligence's logo and tagline - "Trust Your Source"</p><p style="text-align: justify;">With regulations evolving faster than ever, compliance teams often struggle with limited resources. Collecting supplier data, responding to documentation requests, and keeping up with shifting requirements create considerable challenges. C-Map reduces manual effort, streamlines workflows, and equips businesses with tools to mitigate risk. These efficiencies translate into tangible outcomes, including:</p><p style="text-align: justify;"><strong>Rapid risk identification:</strong> AI capabilities improve data quality and deliver insights into key risk areas faster. This offers companies better visibility and a stronger return on investment.</p><p style="text-align: justify;"><strong>Enhanced risk mitigation through precise data collection: </strong>Expert-designed templates and assessments help standardize data collection. This allows teams to make informed decisions and address potential risks before they escalate.</p><p style="text-align: justify;"><strong>Seamless data access with integrated compliance tools: </strong>A world-class database integrates with ERP, PLM, and warehousing systems. These <a href="https://stats.nwe.io/x/html?final=aHR0cHM6Ly93d3cuc291cmNlaW50ZWxsaWdlbmNlLmNvbS9pbnRlZ3JhdGlvbnM&sig=nnG7J88dVfP26zYbgSPpJrofBt0hSDYSxs8Qydry3NMMoOMVUrNeKbZgoVW-PSbUh3lxYTyMujhIkaVHTGH6pg&hit%2Csum=WyI0bHZ3bzUiLCI0bHZ3bzYiLCI0bHZ3bzQiXQ" rel="nofollow">integrations</a> enable seamless data exchange, automate compliance checks, and offer real-time visibility into supply chain activities.</p><p style="text-align: justify;"><strong>Increased efficiency through streamlined workflows:</strong> Automated workflows ease internal workloads, enabling businesses to manage compliance and sustainability without relying on consulting or manual labor.</p><p style="text-align: justify;"><strong>Faster customer request fulfillment:</strong> Automated report and declaration generation reduces manual work. This helps companies respond to customer requests quickly and meet demand effectively.</p><p style="text-align: justify;">Together, these outcomes empower businesses to reduce risk, enhance efficiency, and maintain control over compliance in a dynamic regulatory environment.</p><p style="text-align: justify;">"C-Map represents a significant step forward for Source Intelligence," said Mike Flynn, Chief Product Officer of Source Intelligence. "We recognized that the only way to help businesses tackle increasingly complex regulations was to deliver a platform that offers scalability, flexibility, and automation. Our software is trusted by some of the world's largest and most sophisticated companies to manage compliance at the highest levels, proving its reliability and impact."</p><p style="text-align: justify;">With enhanced visibility and control over compliance tasks, businesses across industries - including electronics, medical devices, and industrial manufacturing - can confidently navigate evolving regulations. C-Map offers the flexibility to be self-managed or paired with managed services for additional support. Interested organizations are invited to <a href="https://stats.nwe.io/x/html?final=aHR0cHM6Ly93d3cuc291cmNlaW50ZWxsaWdlbmNlLmNvbS9zY2hlZHVsZS1hLWRlbW8&sig=7dD1cRC0_jIfL7qbIqmvGN83SmEASyRC3bQNl1Twidd38YTYnMGxVjccsjbFrVreiKcBembTubfEOTm6H_xdiA&hit%2Csum=WyI0bHZ3bzciLCI0bHZ3bzgiLCI0bHZ3bzQiXQ" rel="nofollow">schedule a demo</a> and experience the platform firsthand.</p><p style="text-align: justify;"><strong>About Source Intelligence</strong></p><p style="text-align: justify;">Source Intelligence simplifies compliance, sustainability, and ESG management through scalable SaaS solutions and managed services, configurable to meet the unique needs of any enterprise. For more information, please visit <a href="https://stats.nwe.io/x/html?final=aHR0cHM6Ly93d3cuc291cmNlaW50ZWxsaWdlbmNlLmNvbS8&sig=q9Ux92hS62aInh2gnRynbiHiMs-7n6SbT4cYOQ2Eidcr7Zxn10xTYjrVuLDO8i-9srV_oHZsEPjDBrHARDBVQQ&hit%2Csum=WyI0bHZ3bzkiLCI0bHZ3b2EiLCI0bHZ3bzQiXQ" rel="nofollow">www.sourceintelligence.com</a>.</p><p style="text-align: justify;"><strong>Contact Information</strong><br>Amanda Lindberg<br>Director of Marketing<br><a href="mailto:amanda.lindberg@sourceintel.com" rel="nofollow">amanda.lindberg@sourceintel.com</a></p><p style="text-align: justify;"><strong>SOURCE:</strong> Source Intelligence</p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93673/</link><guid>https://www.acnnewswire.com/press-release/english/93673/</guid><category>Environment, ESG, Legal & Compliance</category><stock_tickers /><summary>Source Intelligence has evolved with C-Map, a next-generation software as a service (SaaS) platform that empowers enterprises to manage compliance and sustainability with greater efficiency.</summary><featuredimage /></item><item><title>Eco Expo Asia opens today</title><pubDate>Wed, 30 Oct 2024 17:44:00 +0800</pubDate><description><![CDATA[<p><img src="https://www.acnnewswire.com/images/company/HKTDC3.jpg" border="0" /></p><p style="text-align: justify;">- Over 300 exhibitors from 11 countries and regions participating in the19th Eco Expo Asia<br>- Concurrent Eco Asia Conference highlights the latest green policies<br>- Wide range of products and events supporting the Policy Address, across new energy, waste management and circular economy and ESG-related services</p><p style="text-align: justify;"><strong>HONG KONG, Oct 30, 2024 - (ACN Newswire) -</strong> The 19th <strong>Eco Expo Asia</strong>, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), opened at AsiaWorld-Expo today and runs until 2 November.</p><p style="text-align: justify;">Attracting over 300 exhibitors from 11 countries and regions, the event showcases a wide range of innovative environmental technologies and projects. The last day of the expo (2 November) will open to the public for free, to encourage sustainable living practices.</p><p style="text-align: justify;"><strong>Sun Jinlong</strong>, Secretary of the Leading Party Members Group and Vice Minister of the Ministry of Ecology and Environment of the People’s Republic of China, <strong>Yuan Da</strong>, Deputy Secretary General, National Development and Reform Commission of the People’s Republic of China, <strong>Wang Peng</strong>, Director-General, Department of Energy Conservation and Resources Comprehensive Utilization, Ministry of Industry and Information Technology of the People’s Republic of China, <strong>Tse Chin-wan</strong>, Secretary for Environment and Ecology of the Hong Kong SAR Government, HKTDC Executive Director <strong>Margaret Fong</strong>, and <strong>Judy Cheung</strong>, Deputy General Manager of Messe Frankfurt (HK) Ltd, were at the opening ceremony. </p><p style="text-align: justify;"><strong>Margaret Fong </strong>said, “Under the theme of “Fostering Green Innovations for Carbon Neutrality”, Eco Expo Asia once again gathers leading experts from the eco sector to help shape a more sustainable future, with a special focus on Asia. A highlight of the Expo, the Eco Asia Conference addresses the latest industry trends and developments. Key officials from Mainland China and countries along the Belt and Road share their insights into the latest policies and practices in their region.”</p><p style="text-align: justify;"><strong>Tse Chin-wan</strong> said, “Looking ahead, we will continue to harness the transformative power of innovation and technology to accelerate the growth of green and low-carbon transformation through supporting the development of green industry, promoting development of new energy and more importantly, facilitating green research and development projects with application potentials to transform into commercially valuable products through various measures.”</p><p style="text-align: justify;"><strong>Eco Asia Conference brings together industry leaders, focusing on global green issues</strong></p><p style="text-align: justify;">The three-day <strong>Eco Asia Conference</strong> began this morning with the Government Session. Deputy Secretary-General Yuan and Director Wang shared the latest environment-related policies of the People’s Republic of China. Following this, government representatives from Belt and Road countries, including <strong>Laos, Saudi Arabia, Myanmar, Brunei </strong>and<strong> Vietnam</strong>, introduced local policies and environmental projects.</p><p style="text-align: justify;">This afternoon, a seminar on <strong>Decarbonisation & Expanding the Boundaries of New Energy</strong> was held to discuss developments in the field of new energy. In collaboration with the Hong Kong Productivity Council, representatives from The Hong Kong and China Gas Company Limited, Volar Air Mobility and Invest Hong Kong were invited to participate. Over the next two days, industry leaders and experts will share their insights on the topics <strong>“G</strong><strong>reen Innovations & Technology towards Carbon Neutrality in Built Environment”</strong> and <strong>“</strong><strong>360° Embracing Circular Economy”</strong>.</p><p style="text-align: justify;"><strong>Exhibitors</strong><strong> from Greater Bay Area and overseas</strong></p><p style="text-align: justify;">This year’s Expo attracts over 190 exhibitors from the Greater Bay Area. In addition to the Hong Kong Pavilion, <strong>Guangdong Province, Guangzhou Municipality, Shenzhen Municipality </strong>and<strong> the Macao SAR</strong> Pavilions showcase products and technologies in waste management, environmental acoustics and water quality management. The new <strong>Anhui Pavilion</strong> features technologies related to air quality, water treatment and water quality management, as well as presenting research, products and services related to new energy.</p><p style="text-align: justify;">Overseas group exhibitors include <strong>Canada, Finland, the Netherlands</strong> and<strong> Norway</strong>, presenting technologies and services related to waste management and water quality, as well as technologies for new energy, energy efficiency and green building, alongside eco-friendly materials and organic products.</p><p style="text-align: justify;"><strong>New energy-related technologies and products support Policy Address</strong></p><p style="text-align: justify;">The Policy Address emphasises environment-related policies including promoting the development of new energy, expanding the charging network for electric vehicles and continuing to promote waste reduction and recycling. This year's Expo supports the address through three focal points: <strong>new energy</strong>, <strong>waste management and circular economy</strong><strong>,</strong> and <strong>ESG-related services</strong>.</p><p style="text-align: justify;">The <strong>5th Hydrogen Economy Forum</strong> will be held tomorrow, supporting the government’s promotion of hydrogen energy. Li Siu Ying, Electrical & Mechanical Services Department Engineer of the HKSAR, will discuss the regulatory control of hydrogen fuel safety in Hong Kong, while Zheng Fuqiang, Deputy Chief Engineer and Director of International Business Department of Sinopec, will share insights on green hydrogen technology and engineering.</p><p style="text-align: justify;">Hong Kong’s<strong> first hydrogen fuel street cleaning vehicle</strong> is showcased at the booth hosted by 12 HKSAR government units. The Environmental Protection Department and Citybus will offer free rides on hydrogen buses tomorrow and on public day (2 November). Hydrogen purification systems and carbon capture and storage equipment are featured at the <strong>Canada Pavilion</strong> (Booth No. 3-G23).</p><p style="text-align: justify;">Electric vehicles and equipment are shown in the <strong>Green Transportation</strong> <strong>Zone</strong>, including an electric truck, minibus and a brand new 32-seat electric bus presented by <strong>GMI Motors</strong> (Booth No. 6-A32), while <strong>Chun Yang International (HK)</strong> (Booth No. 6-C26) is demonstrating fast charging mini wall-mounted EV chargers.</p><p style="text-align: justify;"><strong>Waste management and ESG services help the industry seize green opportunities</strong></p><p style="text-align: justify;">The <strong>Waste Management and Circular Economy</strong> <strong>Zone</strong> features large-scale environmental facility contractors, such as <strong>Baguio Green Group Limited</strong> and <strong>Keppel Seghers - Zhen Hua Joint Venture</strong>, as well as first-time exhibitor, <strong>Nanda (Hong Kong) Technology</strong> (Booth No. 3-D32), which features machines that can bio-degrade up to 36,000kg of food waste per day.</p><p style="text-align: justify;">At the Hong Kong Science and Technology Parks Corporation Pavilion (Booth No. 3-D02), <strong>JAPJAP Zero Waste</strong> showcases a waste management solution based on using black soldier flies to degrade food waste into compost and other by-products.</p><p style="text-align: justify;">Several world-leading <strong>ESG</strong> certification and consultancy companies exhibit for the first time, including <strong>BSI Pacific Limited</strong> (Booth No. 6-C17), <strong>SGS Hong Kong Limited</strong> (Booth No. 6-C13), <strong>Intertek Testing Services Hong Kong Ltd</strong> (Booth No. 6-B11) and <strong>TÜV Rheinland Hong Kong Limited </strong>(Booth No. 3-E11)<strong>. </strong>On the third day of the Expo, there will be a forum related to ESG, addressing the challenges faced by companies in implementing and planning ESG practices and programmes.</p><p style="text-align: justify;"><strong>Start-ups inject fresh energy</strong></p><p style="text-align: justify;">Over 20 start-ups, including groups from local universities and incubators, are participating in this year's event. The Chinese University of Hong Kong, City University of Hong Kong and Hong Kong Industrial Artificial Intelligence & Robotics Centre (FLAIR), established by The Hong Kong Productivity Council, join the Expo for the first time to showcase their research achievements.</p><p style="text-align: justify;">In the <strong>Startup Zone</strong>, <strong>Ezygreenpak</strong> (Booth No. 6-F24) demonstrates its patented water-soluble non-woven material that can completely dissolve in 90°C hot water without leaving any harmful residue. <strong>Electro-Jet</strong> (Booth No. 6-F26) showcases electric boats made from aluminium and recycled materials, capable of travelling 200 km on a single charge.</p><p style="text-align: justify;">To promote awareness of green living, talks, workshops and Green Mart - a pop-up market selling eco-friendly products - will be held on the last day of the Expo.</p><p style="text-align: justify;">Under the EXHIBITION+ hybrid model, exhibitors, industry players and buyers worldwide can connect via the smart business matching platform Click2Match until 9 November, capturing green business opportunities.</p><p style="text-align: justify;"><strong>Other concurrent events</strong></p><p style="text-align: justify;">The<strong> Hong Kong International Outdoor and Tech Light Expo</strong> takes place from 29 October to 1 November at the AsiaWorld-Expo, showcasing outdoor and professional technical lighting solutions for commercial and industrial use.</p><p style="text-align: left;">Free shuttle bus services are offered between the venue and other locations in the city throughout the fair period. Please refer to the following page for details:<br><a href="https://www.hktdc.com/event/ecoexpoasia/tc/travel-to-fairground-awe">https://www.hktdc.com/event/ecoexpoasia/tc/travel-to-fairground-awe</a></p><p style="text-align: justify;">Photo download: <a title="https://bit.ly/3yqle8h" href="https://bit.ly/3YqLe8H">https://bit.ly/3YqLe8H</a></p><table style="width: 648px;" border="1" width="690" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/1_DSC_6756_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p>The 19th<strong> Eco Expo Asia</strong>, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Hong Kong SAR Government, opened at AsiaWorld-Expo today and runs until 2 November, attracting over 300 exhibitors. <strong>Sun Jinlong</strong>, Secretary of the Leading Party Members Group and Vice Minister of the Ministry of Ecology and Environment of the People’s Republic of China (front row, eighth from right), <strong>Yuan Da</strong>, Deputy Secretary General, National Development and Reform Commission of the People’s Republic of China (front row, sixth from right), <strong>Wang Peng</strong>, Director-General, Department of Energy Conservation and Resources Comprehensive Utilization, Ministry of Industry and Information Technology of the People’s Republic of China (front row, sixth from left), <strong>Tse Chin-wan</strong>, Secretary for Environment and Ecology of the Hong Kong SAR Government (front row, eighth from left), HKTDC Executive Director <strong>Margaret Fong </strong>(front row, seventh from right), and <strong>Judy Cheung</strong>, Deputy General Manager, Messe Frankfurt (HK) Ltd (front row, seventh from left), at the opening ceremony of Eco Expo Asia today</p></td></tr><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/2_DSC_7287_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p><strong>Margaret Fong,</strong> HKTDC Executive Director, <strong>Judy Cheung</strong>, Deputy General Manager, Messe Frankfurt (HK) Ltd and honourable guests attended the Expo</p></td></tr><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/3_RZ9_9374_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p>Hong Kong’s first hydrogen street-cleaning vehicle is displayed at the booth hosted by 12 government units, including the <strong>Environment and Ecology Bureau</strong></p></td></tr><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/4_RZ9_9381_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p>This year’s Expo attracts over 190 exhibitors from the Greater Bay Area. In addition to the Hong Kong Pavilion, Guangdong Province (pictured), Guangzhou Municipality, Shenzhen Municipality, and the Macao SAR have also formed pavilions to showcase products and technologies in waste management, environmental acoustics and water quality management.</p></td></tr><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/5_RZ9_9609_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p>Companies participating in the Hong Kong SAR Government hydrogen energy trial project showcase hydrogen purification systems and carbon capture and storage equipment at the <strong>Canada Pavilion</strong></p></td></tr><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/6_FR6D8992_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p>Electric vehicles and charging equipment are shown in the <strong>Green Transportation Zone</strong></p></td></tr><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/7_FR6D8644_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p>New green technologies and products are displayed in the <strong>Startup Zone</strong></p></td></tr><tr><td style="width: 646px;"><p><img src="https://mediaroom.hktdc.com/cms/Data/images/albums/2024/10/22953/20241030162916/resize/8_DSC_6986_230x153.JPG" alt=""></p></td></tr><tr><td style="width: 646px;"><p>Attendees at the <strong>Eco Asia Conference</strong> include officials, industry leaders and experts</p></td></tr></tbody></table><p style="text-align: justify;"><strong>Website<br></strong>Eco Expo Asia: <a href="http://www.ecoexpoasia.com/">www.ecoexpoasia.com</a></p><p style="text-align: justify;"><strong>Media enquiries<br></strong>Please contact the HKTDC’s Communications and Public Affairs Department:</p><table style="width: 649px;" border="1" width="680" cellspacing="0" cellpadding="0"><tbody><tr><td style="width: 153.917px;"><p>Stanley So</p></td><td style="width: 202.136px;"><p>Tel: (852) 2584 4049</p></td><td style="width: 288.948px;"><p>Email: <a href="mailto:stanley.hp.so@hktdc.org">stanley.hp.so@hktdc.org</a></p></td></tr><tr><td style="width: 153.917px;"><p>Clayton Lauw</p></td><td style="width: 202.136px;"><p>Tel: (852) 2584 4472</p></td><td style="width: 288.948px;"><p>Email: <a href="mailto:clayton.y.lauw@hktdc.org">clayton.y.lauw@hktdc.org</a></p></td></tr></tbody></table><p style="text-align: justify;">The HKTDC’s Media Room: <a href="http://mediaroom.hktdc.com/en">http://mediaroom.hktdc.com/en</a></p><p style="text-align: left;"><strong>About HK</strong><strong>TDC<br></strong>The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences, and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: <a href="http://www.hktdc.com/aboutus/tc">www.hktdc.com/aboutus</a>.</p><p style="text-align: justify;"><strong>Background information on Messe Frankfurt<br></strong>The Messe Frankfurt Group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With a workforce of some 2,300 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2023 were around € 609 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.</p><p style="text-align: justify;">Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.</p><p style="text-align: left;">For more information, please visit our website at: <a href="http://www.messefrankfurt.com/sustainability">www.messefrankfurt.com/sustainability</a></p><p style="text-align: left;">With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).</p><p style="text-align: left;">For more information, please visit our website at: <a href="https://apc01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.messefrankfurt.com%2Ffrankfurt%2Fen.html&data=05%7C02%7Csonia.tt.wong%40hktdc.org%7C81006f62be114466f38208dcf7c57464%7Cde180f95eee842a49cabdc2dd6ce3ed0%7C1%7C0%7C638657674689536160%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=EkWHLNvPij5%2Fsvn5m1RNqxJ3mmcg9jXXYHrgvDKYDMk%3D&reserved=0">www.messefrankfurt.com</a></p><BR /><BR /> Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com]]></description><link>https://www.acnnewswire.com/press-release/english/93612/</link><guid>https://www.acnnewswire.com/press-release/english/93612/</guid><category>Trade Shows, Environment, ESG, Regional</category><stock_tickers>HKG:0558691D</stock_tickers><summary>The 19th Eco Expo Asia, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), opened at AsiaWorld-Expo today and runs until 2 November.</summary><featuredimage /></item></channel></rss>