HONG KONG, Dec 31, 2021 - (ACN Newswire) - JL MAG Rare-Earth Co., Ltd. ("JL MAG" or the "Company", together with its subsidiaries, the "Group", stock code: 6680.HK), a leading producer of high-performance rare earth permanent magnets ("REPMs"), announced the proposed listing of its H shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.
JL MAG plans to offer an aggregate of 125,466,000 H shares (the "Offer Shares") under the Global Offering (subject to the Over-allotment Option), comprising an international offering (the "International Offering") of 112,919,200 shares (subject to adjustment and Over-allotment Option) and Hong Kong public offering (the "Hong Kong Public Offering") of 12,546,800 shares (subject to adjustment), at a price range between HK$33.80 and HK$40.30 per Offer Share.
The Hong Kong Public Offering will open at 9:00 a.m. on 31 December 2021 (Friday) and close at 12:00 noon on 7 January 2022 (Friday) in Hong Kong. Dealings in Shares on SEHK are expected to commence at 9:00 a.m. on 14 January 2021 (Friday), with the stock code 6680.HK in board lots of 200 Offer Shares each.
CLSA Capital Markets Limited and BNP Paribas Securities (Asia) Limited are the Joint Sponsors. CLSA Limited, BNP Paribas Securities (Asia) Limited and DBS Asia Capital Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.
The A shares of JL MAG (Stock Code: 300748.SZ) have been listed on the ChiNext Market of the Shenzhen Stock Exchange (the "SZSE") since September 2018. The Company is now seeking the listing of its H shares on the Main Board of the SEHK as a dual primary listing alongside its A shares on the SZSE.
Global Leading Producer of High-Performance REPMS with Fast Growth
JL MAG is a leading producer of high-performance REPMs. According to Frost & Sullivan, the Company produced 9,612.9 tonnes of high-performance REPMs in 2020, ranking first in the world by high-performance REPM production volume with a market share of approximately 14.5%. Meanwhile, the Company applied grain boundary diffusion ("GBD") technology in producing 4,111 tonnes of high-performance REPMs in 2020, ranking first in the world's GBD REPM market with a market share of approximately 21.3%. Since its establishment, JL MAG has focused on the R&D, production and sales of high-performance NdFeB rare earth permanent magnets ("NdFeB PMs") used globally in the fields of new energy, energy conservation and environmental protection. The Company's products have a wide array of applications in downstream sectors including new energy vehicles ("NEVs") and automotive parts, permanent magnetic wind turbine generators ("PM wind turbine generators"), energy-saving variable-frequency air conditioners ("Energy-saving VFACs"), 3C products, energy-saving elevators, robotics and intelligent manufacturing.
JL MAG produces customized high-performance NdFeB PMs based on purchase orders from customers. Its production capabilities cover the entire production cycle of high performance NdFeB PMs, including R&D, mold development and manufacturing, blank production, finished product processing, surface treatment, magnetization, testing, manufacturing of magnetic component parts and packaging. The Company has strategically scaled up its production capacity in anticipation of the substantial growth of the downstream sectors. The Company's annual production capacity of high-performance NdFeB PM blank increased from 7,000 tonnes in 2018 to 12,800 tonnes in 2020, representing a CAGR of 35.2%. The Company is in process to further upgrade and expand the existing production bases in Ganzhou and the new production bases in Baotou and Ningbo. The annual production capacity of high-performance NdFeB PM blanks is expected to reach 23,000 tonnes in 2022 and 40,000 tonnes in 2025, respectively. The completion-based check and acceptance of construction for the Company's Baotou Production Base was completed in December 2021 and Baotou Production Base is expected to commence operation by the end of 2021 with a designed production capacity of 8,000 tonnes per annum of high-performance NdFeB PM blanks.
JL MAG has established a market-leading position in many key downstream sectors. In NEVs sector, the Company ranked second globally by the number of passenger NEVs that use its high-performance NdFeB PMs in 2020. The REPMs that it dispatched into the NEV sector were sufficient for equipping approximately 450,000 passenger NEVs with NEV drive motors, equal to approximately 14.5% of the total number of NEVs produced globally in 2020. In wind power sector, the Company was the largest supplier globally of high-performance NdFeB PMs used in the wind generator turbines in 2020 by newly installed capacity. It's high-performance REPMs dispatched to the wind power sector were sufficient for the production of PM wind turbine generators with an approximate aggregate installed capacity of 10 GW, equal to approximately 40% of the global PM wind power newly installed capacity in 2020. In Energy-saving VFACs sector, the Company was the largest supplier globally of high-performance NdFeB PMs used for the production of Energy-saving VFACs in terms of the number of energy-saving VFAC compressors equipped with high-performance NdFeB PMs produced by it in 2020, with a market share of approximately 31.5%.
During the Track Record Period, JL MAG achieved rapid financial growth and high levels of ROE. The Company's revenue increased from RMB1,282.0 million in 2018 to RMB2,288.7 million in 2020, representing a CAGR of 33.6%. The Company's revenue also increased from RMB915.5 million for the six months ended June 30, 2020 to RMB1,766.5 million for the six months ended June 30, 2021, representing an increase of 92.9%. The Company's net profit increased from RMB146.3 million in 2018 to RMB244.7 million in 2020, representing a CAGR of 29.3%. The Company's net profit also increased from RMB 91.6 million for the six months ended June 30, 2020 to RMB220.6 million for the six months ended June 30,2021, representing an increase of 140.8%. In 2020, the Company's gross profit margin, net profit margin and weighted ROE were 23.7%, 10.7% and 17.1% respectively. For the six months ended June 30, 2021, the Company's gross profit margin, net profit margin and annualized weighted ROE were 24.3%,12.5% and 20.7% respectively.
In-Depth Cooperation with Top Player Customers in New Energy and Energy Saving Industries to Capture Growing Downstream Demand
REPMs embody an inherent advantage in reducing carbon emission. With the global trends of carbon emission reduction, JL MAG's main downstream sectors are experiencing fast growth, which translates into strong and increasing demand for its products.
Leveraging its large production scale, high-quality product offerings, outstanding R&D capabilities, proprietary technologies and strong product delivery capability, JL MAG has entered into the supply chain systems of many global leading companies in its downstream sectors. In 2020, the Company's major customers included four of the top five players in the global NEV sector by sales volume in 2020, three of the top five players in the global wind power sector by 2020 newly added installed capacity and the top two household air-conditioner producers by production volume in China. In addition, in the 3C, energy-saving elevators, robotics and intelligent manufacturing, rail transit and other sectors, the Company has entered into the supply chain systems of a number of top-tier customers, including Bosch Rexroth and Kone Elevator. The Company's strong and integrated relationships with the top players in each of these sectors place it at a strategically advantaged position to capture the growing demand therefrom.
First-mover Advantage in the REPM Industry Characterized by Customer Stickiness and High Entry Barriers
The REPM industry is characterized by strong customer stickiness and high entry barriers. The quality of NdFeB PMs has a significant impact on the performance and quality of the customers' final products, so customers tend not to change their supplier easily. JL MAG leverages its professional and technical expertise in high-performance NdFeB PMs to participate in the new product design of the customers, assisting customers to optimize their products' performance and reduce production cost. Meanwhile, the Company exhibits high responsiveness to clients' specialized needs of producing non-standardized products. Its strong R&D capacity, supplemented with execution capability and quality control have enabled the Company to constantly meet the standards set by the customers, which in turn has contributed to its success in building and maintaining solid relationships with them.
Because of the high barriers in customers' accreditation, JL MAG's status as an accredited supplier of many leading customers enhances its brand recognition and reputation, enabling it to leverage the first-mover advantage to secure its established leading position in the industry and further expand the customer base.
Strong R&D Capabilities for Production Optimization and Global-leading GBD Technologies
The production of high-performance NdFeB PMs has high technical barriers. JL MAG optimizes the formulations to help the customers in the wind power sector reduce their production costs through lowering the medium and heavy rare earth added in the production of high-performance NdFeB PMs. In addition, the Company employs its proprietary GBD technology to achieve mass production and develop high-grade products for Energy-saving VFACs sector and NEVs and automotive parts sector that substantially reduce the use of medium and heavy rare earth while maintaining high performance. According to Frost & Sullivan, the GBD technology can generally reduce the use of medium and heavy rare earth by 50% to 70%. The Company's GBD technology is widely applied in the production of its high-performance NdFeB PM finished products in Energy-saving VFACs sector and NEVs and automotive parts sector. It is also applied in the production of certain high-performance NdFeB PM finished products in 3C sector.
Long-term and Stable Strategic Cooperation with Major Rare Earth Suppliers
JL MAG has maintained long-term and firm strategic cooperation with major rare earth suppliers. Five out of the six rare earth groups in China are the Company's rare earth suppliers. Among its suppliers, China Southern Rare Earth was the second largest rare earth mining group in China by annual rare earth mining quota which was 42,450 tonnes in 2021, accounting for approximately 25.3% of the national mining quota in the same year. Its output mainly comprises medium and heavy rare earth. China Southern Rare Earth was among the Company's five largest suppliers during the Track Record Period. The Company has also established firm and strategic cooperative relationship with key rare earth suppliers such as China Southern Rare Earth and China Northern Rare Earth to ensure the long-term and stable supply of rare earth. In China, light rare earth mines are mainly located in Baotou of the Inner Mongolia Autonomous Region while medium and heavy rare earth deposits are mainly located in southern regions, including Ganzhou, Jiangxi. As a result, the Company's premises in Ganzhou and Baotou endow it with cost advantage, convenient delivery and the stable and reliable supply of rare earth materials.
Moreover, on December 23, 2021, a new rare earth giant, namely, China Rare Earth Group Co., Ltd, was established through a merger of top state-owned operations. China Rare Earth Group Co., Ltd was jointly founded by Aluminum Corporation of China, China Minmetals Corporation, Ganzhou Rare Earth, China
Iron & Steel Research Institute Group and Grinm Group Corporation Ltd. The newly-established China Rare Earth Group Co., Ltd will operate under the direct supervision of SASAC. The establishment of China Rare Earth Group Co., Ltd is conducive to integrating resources, improving applications of new technologies and materials and promoting the long-term sound development of the rare earth industry.
Highly Experienced and Committed Management Team with Visionary Leadership and Proven Execution Capabilities
JL MAG's proven track record of successful operations and leading market position bears testament to its management team's leadership and execution prowess. Led by the Chairman and president, Mr. Cai Baogui, the Company has a deep bench of highly qualified core management team with complementary strengths and a R&D team which is led by two provincial level scientific and technological talents. The management team has deep industry background and extensive management and operational experience. Together with its senior management, employees' technical expertise, combined with extensive know-how accumulated in conducting R&D projects, JL MAG has become a critical supplier in the supply chain systems of leading companies in multiple carbon-reduction sectors, and achieving long track record of high-quality products thereby underpinning the Company to reinforce its established market presence and become the No. 1 global leader in the REPM market.
Mr. Cai Baogui, the Chairman, Executive Director and General Manager of JL MAG Rare-Earth Co., Ltd. said, "In response to climate change, governments in the world are taking active actions to promote new energy and reduce carbon emission. Specifically, China plans to reach carbon peak by 2030 and carbon neutrality by 2060. As REPMs embody an inherent advantage in reducing carbon emission, under the global trends of carbon emission reduction, the demand of REPMs for downstream industries will continuously increase. In order to capture the growing downstream demand, JL MAG plans to further scale up its production capacity, expand its industry chain through selective acquisitions or strategic investments, further strengthen its R&D efforts in improving the production techniques and diversify the current product portfolio, and grasp the strategic opportunity period of upward development of the industry to proactively expand the global business footprint. Looking forward, JL MAG is committed to facilitating the pursuit of carbon peak and carbon neutrality both in China and around the world through production and provision of high-performance NdFeB PMs and realizing its mission of 'Better Life with Rare Earths'."
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72180/
12/30/21
#Usportchallenge Short Video Contest Captures the Spirit of Chengdu 2021 FISU World University Games
CHENGDU, CHINA, Dec 31, 2021 - (JCN Newswire) - With 49,033 sports fans joining in and 1.06 billion global views, the #Usportchallenge Short Video Contest came to a spirited conclusion with 52,429 submissions and 12 million international votes. Twenty videos were selected by the final public vote and judged by FISU and the Chengdu 2021 FISU Games Executive Committee, and the creators honored with the title FISU Digital Workout Star.
The #Usportchallenge Short Video Contest, launched by the Chengdu 2021 FISU World University Games in collaboration with FISU, is available to the world at 2021Chengdu.com, Douyin, Weibo, TikTok, Instagram, Twitter, Facebook and YouTube, adding to the excitement of the Chengdu 2021 FISU World University Games, which will take place from 26 June to 7 July 2022.
This video challenge showed the strength and united spirit of the global university sports movement," said FISU.
The social media for the contest received enormous responses both at home and abroad, over Chinese and English channels. Sports lovers from Italy, Poland, Spain, Russia, the Netherlands, Singapore, Austria, Ugand and Brazil, among others, showed their dedication, talent and creativity in the works. Professional athletes were also involved in the contest.
FISU Student Ambassador Aupal Emmanuel from Uganda submitted a video without words, garnering more than 130,000 votes and 100 comments on 2021Chengdu.com in just 3 days. He realised his dream of crossing the equator, and making "Chengdu makes dreams come true" a reality. His story has encouraged global enthusiasm, passion and friendship, gathering across time and space, for Chengdu.
Manfred Grubauer, chairman of Linz Tourism, registered on the official Chengdu 2021 FISU Games website, and shared a rowing video. Through this global event, Manfred admits, Chengdu has provided a platform for extensive interaction and comprehensive exchanges among Sister Cities and further deepened the friendship between Chengdu and Linz.
Chengdu's Sister Cities, sports federations of different countries, and over 300 universities worldwide supported the challenge with enthusiasm, contributing the largest number of participating Sister Cities and the most frequently interacted online event ever.
With just 180 days to go until the Chengdu 2021 FISU World University Games, we hope that we will cross the language barrier and transcend the distance between time and space to meet in Chengdu, and make dreams come true.
Chengdu 2021 Official Website: https://www.2021chengdu.com
Chengdu 2021 Theme Video: https://tinyurl.com/chengdu2021-1
#Usportchallenge Short Video Contest: https://tinyurl.com/chengdu2021-3
Media Contact:
Yolanda Yang, 2021Chengdu.com
E-mail: activity@2021chengdu.com
Website: https://www.2021chengdu.com
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
#Usportchallenge Short Video Contest Captures the Spirit of Chengdu 2021 FISU World University Games
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The #Usportchallenge Short Video Contest, launched by the Chengdu 2021 FISU World University Games in collaboration with FISU, is available to the world at 2021Chengdu.com, Douyin, Weibo, TikTok, Instagram, Twitter, Facebook and YouTube, adding to the excitement of the Chengdu 2021 FISU World University Games, which will take place from 26 June to 7 July 2022.
This video challenge showed the strength and united spirit of the global university sports movement," said FISU.
The social media for the contest received enormous responses both at home and abroad, over Chinese and English channels. Sports lovers from Italy, Poland, Spain, Russia, the Netherlands, Singapore, Austria, Ugand and Brazil, among others, showed their dedication, talent and creativity in the works. Professional athletes were also involved in the contest.
FISU Student Ambassador Aupal Emmanuel from Uganda submitted a video without words, garnering more than 130,000 votes and 100 comments on 2021Chengdu.com in just 3 days. He realised his dream of crossing the equator, and making "Chengdu makes dreams come true" a reality. His story has encouraged global enthusiasm, passion and friendship, gathering across time and space, for Chengdu.
Manfred Grubauer, chairman of Linz Tourism, registered on the official Chengdu 2021 FISU Games website, and shared a rowing video. Through this global event, Manfred admits, Chengdu has provided a platform for extensive interaction and comprehensive exchanges among Sister Cities and further deepened the friendship between Chengdu and Linz.
Chengdu's Sister Cities, sports federations of different countries, and over 300 universities worldwide supported the challenge with enthusiasm, contributing the largest number of participating Sister Cities and the most frequently interacted online event ever.
With just 180 days to go until the Chengdu 2021 FISU World University Games, we hope that we will cross the language barrier and transcend the distance between time and space to meet in Chengdu, and make dreams come true.
Chengdu 2021 Official Website: https://www.2021chengdu.com
Chengdu 2021 Theme Video: https://tinyurl.com/chengdu2021-1
#Usportchallenge Short Video Contest: https://tinyurl.com/chengdu2021-3
Media Contact:
Yolanda Yang, 2021Chengdu.com
E-mail: activity@2021chengdu.com
Website: https://www.2021chengdu.com
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72162/
DigiMax Launches ESG AI Division; Invests into Green Energy Solutions Company MADA Analytics
DigiMax has identified opportunities to immediately provide these solutions to:
1) Green energy development and operations;
2) Tracking and predicting carbon credit arbitrage and trading opportunities around the globe; and
3) Monitoring and evaluating ESG opportunities and trends on behalf of large investors to analyze appropriate investment opportunities.
As a first step in launching this new Division, DigiMax is investing US $250,000 into MADA Analytics ("MADA") by way of an unsecured, convertible note (the "Note"). The Note provides for interest on the principal amount at the rate of 5% per annum and is convertible into common shares of MADA at a price per share equal to US$5 million divided by the total number of outstanding common shares immediately prior to maturity.
DigiMax is also acquiring the right for up to one year, pursuant to an option agreement with MADA and its shareholders (the "Option Agreement"), to acquire 100% ownership of the outstanding shares of MADA. The Option Agreement specifies certain operational milestones to be achieved by MADA prior to the exercise of the purchase option (the "Milestones"). The Milestones are: i) MADA raising a minimum of US$750,000 pursuant to one or more financings (not including the current DigiMax investment); and ii) MADA entering into customer contracts to generate minimum revenues of EUR1 million during the 2-year term of the contracts, both of which must occur within six (6) months of the Digimax investment.
The purchase price (the "Purchase Price") under the Option Agreement shall be either: i) an enterprise value of $5 million once the Milestones are achieved; or ii) otherwise, not less than 80% of the valuation reached by an independent valuator or valuators selected by MADA and the Company. It is anticipated that consideration for the purchase will be comprised of approximately 25% cash and the balance in common shares issued by the company priced at the time the purchase is to be completed.
A Share Purchase Agreement is intended to be completed and attached to the Option Agreement within 45 days and shall contain customary terms and provisions, including, completion of due diligence and the receipt of all necessary third party and Exchange approvals. While the parties are equally motivated to see the Option Agreement exercised as quickly as possible, there can be no absolute assurance that the MADA acquisition will be completed exactly as described, or at all.
MADA was created in 2018 in order to provide a smoother way for renewable energy projects to get funded faster and at a lower cost of capital than ever before available. MADA accomplishes this through its MADA Energy Processing Solution or "MEPS."
MEPS is a unique AI engine (integrated via API) enabling existing and proposed renewable energy products to predict and prove:
- stable and predictable cash flows
- data-driven performance insurance for project finance
- identifying the most cost-effective financing solutions
- optimization of storage systems, financial models, and enhanced project finance returns for investors
MEPS can be licensed for use by project developers, project finance insurance companies, and engineering companies to assess existing and proposed projects and to determine optimal targeting of multiples of project variables.
MEPS has already formed partnership alliances with several leading global industry participants, including:
- RINA Engineering
- Schneider Electric
- Barclays Bank
- Milliman, global insurance advisors
- Morgan Stanley Impact Fund
- Artesian Venture Partners
- BRINC Investments
The first MADA product offering is MARICube which MADA and RINA have jointly developed. MARICube is a comprehensive, AI-driven project analysis solution that combines weather, geographical, political, and financial variables to improve projects. New renewable energy projects are expensive to finance due to the high level of uncertainty of final output. MARICube drastically lowers the level of uncertainty, making projects less expensive to finance, and therefore providing higher returns to investors and the local communities served by these projects. MARICube also helps existing projects optimize dozens of operating variables to substantially lower operating costs and maximize output.
MADA has generated hundreds of thousands of dollars in initial revenue from its software product solution and services to date. This number is poised to grow significantly as enhanced AI is added to MEPS. DigiMax, with its existing AI engine with team and infrastructure to support it, provides a perfect complement to MADA. Together, the two companies will substantially accelerate the MADA product offering.
"We believe that MADA is a perfect partner for DigiMax as we can provide the AI expertise that they require to take their already amazing product offering to the next level," says DigiMax CEO Chris Carl. "DigiMax sees this as a substantial recurring revenue business that provides optimization and cost-saving solution to EVERY renewable energy project on the planet in an industry that consists of several $trillion of installed projects globally and $300-500 billion of new projects being funded annually. If MARICube can provide even a 5% funding cost reduction or a 2% operating cost reduction to these projects, the value delivered to industry participants is enormous."
"We are excited to partner with DigiMax to help the MADA product solution become a leading optimization tool in the industry, focused on maximizing profits for renewable energy by de-risking projects with performance insurance, optimizing energy management, and quantifying CO2 reduction from renewable energy supplied," says MADA CEO Daniel Gimpel. "The engineering and project finance skillsets inside of DigiMax can help both our companies become a leading global brand name for both developers and investors to assist in making their renewable energy projects the best that they can be. Together with our other global partners, MADA Analytics can bring its solutions to every continent on the globe."
About DigiMax
DigiMax is an Artificial Intelligence technology Company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.
To learn more, visit our website: https://digimaxglobal.com/
Contact:
Thierry Hubert
Chief Technology Officer
214-713-8014
thubert@digimax-global.com
Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com
Cautionary Note Regarding Forward-looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release contains "forward-looking statements." Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the Company's future plans, expectations and objectives.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. There is no assurance that the purchase of MADA will be completed upon the terms stated above or at all or that the Company will be able to successfully enforce payment of amounts advanced by it under the Note in the event of a default thereunder.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72178/
DigiMax Launches ESG AI Division; Invests into Green Energy Solutions Company MADA Analytics
TORONTO, ON, Dec 31, 2021 - (JCN Newswire) - DIGIMAX GLOBAL INC. (the "Company" or "DigiMax") (CSE:DIGI) is excited to announce it is launching an ESG Solutions Division within the Company. This Division will concentrate on using Artificial Intelligence and Predictive Analytics to close multiple gaps in the ESG (Environmental, Social and Governance) investment space that will help investors make better investment decisions and also help developers lower their cost of capital.
DigiMax has identified opportunities to immediately provide these solutions to:
1) Green energy development and operations;
2) Tracking and predicting carbon credit arbitrage and trading opportunities around the globe; and
3) Monitoring and evaluating ESG opportunities and trends on behalf of large investors to analyze appropriate investment opportunities.
As a first step in launching this new Division, DigiMax is investing US$250,000 into MADA Analytics ("MADA") by way of an unsecured, convertible note (the "Note"). The Note provides for interest on the principal amount at the rate of 5% per annum and is convertible into common shares of MADA at a price per share equal to US$5 million divided by the total number of outstanding common shares immediately prior to maturity.
DigiMax is also acquiring the right for up to one year, pursuant to an option agreement with MADA and its shareholders (the "Option Agreement"), to acquire 100% ownership of the outstanding shares of MADA. The Option Agreement specifies certain operational milestones to be achieved by MADA prior to the exercise of the purchase option (the "Milestones"). The Milestones are: i) MADA raising a minimum of US$750,000 pursuant to one or more financings (not including the current DigiMax investment); and ii) MADA entering into customer contracts to generate minimum revenues of EUR1 million during the 2-year term of the contracts, both of which must occur within six (6) months of the Digimax investment.
The purchase price (the "Purchase Price") under the Option Agreement shall be either: i) an enterprise value of $5 million once the Milestones are achieved; or ii) otherwise, not less than 80% of the valuation reached by an independent valuator or valuators selected by MADA and the Company. It is anticipated that consideration for the purchase will be comprised of approximately 25% cash and the balance in common shares issued by the company priced at the time the purchase is to be completed.
A Share Purchase Agreement is intended to be completed and attached to the Option Agreement within 45 days and shall contain customary terms and provisions, including, completion of due diligence and the receipt of all necessary third party and Exchange approvals. While the parties are equally motivated to see the Option Agreement exercised as quickly as possible, there can be no absolute assurance that the MADA acquisition will be completed exactly as described, or at all.
MADA was created in 2018 in order to provide a smoother way for renewable energy projects to get funded faster and at a lower cost of capital than ever before available. MADA accomplishes this through its MADA Energy Processing Solution or "MEPS."
MEPS is a unique AI engine (integrated via API) enabling existing and proposed renewable energy products to predict and prove:
- stable and predictable cash flows
- data-driven performance insurance for project finance
- identifying the most cost-effective financing solutions
- optimization of storage systems, financial models, and enhanced project finance returns for investors
MEPS can be licensed for use by project developers, project finance insurance companies, and engineering companies to assess existing and proposed projects and to determine optimal targeting of multiples of project variables.
MEPS has already formed partnership alliances with several leading global industry participants, including:
- RINA Engineering
- Schneider Electric
- Barclays Bank
- Milliman, global insurance advisors
- Morgan Stanley Impact Fund
- Artesian Venture Partners
- BRINC Investments
The first MADA product offering is MARICube which MADA and RINA have jointly developed. MARICube is a comprehensive, AI-driven project analysis solution that combines weather, geographical, political, and financial variables to improve projects. New renewable energy projects are expensive to finance due to the high level of uncertainty of final output. MARICube drastically lowers the level of uncertainty, making projects less expensive to finance, and therefore providing higher returns to investors and the local communities served by these projects. MARICube also helps existing projects optimize dozens of operating variables to substantially lower operating costs and maximize output.
MADA has generated hundreds of thousands of dollars in initial revenue from its software product solution and services to date. This number is poised to grow significantly as enhanced AI is added to MEPS. DigiMax, with its existing AI engine with team and infrastructure to support it, provides a perfect complement to MADA. Together, the two companies will substantially accelerate the MADA product offering.
"We believe that MADA is a perfect partner for DigiMax as we can provide the AI expertise that they require to take their already amazing product offering to the next level," says DigiMax CEO Chris Carl. "DigiMax sees this as a substantial recurring revenue business that provides optimization and cost-saving solution to EVERY renewable energy project on the planet in an industry that consists of several $trillion of installed projects globally and $300-500 billion of new projects being funded annually. If MARICube can provide even a 5% funding cost reduction or a 2% operating cost reduction to these projects, the value delivered to industry participants is enormous."
"We are excited to partner with DigiMax to help the MADA product solution become a leading optimization tool in the industry, focused on maximizing profits for renewable energy by de-risking projects with performance insurance, optimizing energy management, and quantifying CO2 reduction from renewable energy supplied," says MADA CEO Daniel Gimpel. "The engineering and project finance skillsets inside of DigiMax can help both our companies become a leading global brand name for both developers and investors to assist in making their renewable energy projects the best that they can be. Together with our other global partners, MADA Analytics can bring its solutions to every continent on the globe."
About DigiMax
DigiMax is an Artificial Intelligence technology Company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.
To learn more, visit our website: https://digimaxglobal.com/
Contact:
Thierry Hubert
Chief Technology Officer
214-713-8014
thubert@digimax-global.com
Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com
Cautionary Note Regarding Forward-looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release contains "forward-looking statements." Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the Company's future plans, expectations and objectives.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. There is no assurance that the purchase of MADA will be completed upon the terms stated above or at all or that the Company will be able to successfully enforce payment of amounts advanced by it under the Note in the event of a default thereunder.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
DigiMax has identified opportunities to immediately provide these solutions to:
1) Green energy development and operations;
2) Tracking and predicting carbon credit arbitrage and trading opportunities around the globe; and
3) Monitoring and evaluating ESG opportunities and trends on behalf of large investors to analyze appropriate investment opportunities.
As a first step in launching this new Division, DigiMax is investing US$250,000 into MADA Analytics ("MADA") by way of an unsecured, convertible note (the "Note"). The Note provides for interest on the principal amount at the rate of 5% per annum and is convertible into common shares of MADA at a price per share equal to US$5 million divided by the total number of outstanding common shares immediately prior to maturity.
DigiMax is also acquiring the right for up to one year, pursuant to an option agreement with MADA and its shareholders (the "Option Agreement"), to acquire 100% ownership of the outstanding shares of MADA. The Option Agreement specifies certain operational milestones to be achieved by MADA prior to the exercise of the purchase option (the "Milestones"). The Milestones are: i) MADA raising a minimum of US$750,000 pursuant to one or more financings (not including the current DigiMax investment); and ii) MADA entering into customer contracts to generate minimum revenues of EUR1 million during the 2-year term of the contracts, both of which must occur within six (6) months of the Digimax investment.
The purchase price (the "Purchase Price") under the Option Agreement shall be either: i) an enterprise value of $5 million once the Milestones are achieved; or ii) otherwise, not less than 80% of the valuation reached by an independent valuator or valuators selected by MADA and the Company. It is anticipated that consideration for the purchase will be comprised of approximately 25% cash and the balance in common shares issued by the company priced at the time the purchase is to be completed.
A Share Purchase Agreement is intended to be completed and attached to the Option Agreement within 45 days and shall contain customary terms and provisions, including, completion of due diligence and the receipt of all necessary third party and Exchange approvals. While the parties are equally motivated to see the Option Agreement exercised as quickly as possible, there can be no absolute assurance that the MADA acquisition will be completed exactly as described, or at all.
MADA was created in 2018 in order to provide a smoother way for renewable energy projects to get funded faster and at a lower cost of capital than ever before available. MADA accomplishes this through its MADA Energy Processing Solution or "MEPS."
MEPS is a unique AI engine (integrated via API) enabling existing and proposed renewable energy products to predict and prove:
- stable and predictable cash flows
- data-driven performance insurance for project finance
- identifying the most cost-effective financing solutions
- optimization of storage systems, financial models, and enhanced project finance returns for investors
MEPS can be licensed for use by project developers, project finance insurance companies, and engineering companies to assess existing and proposed projects and to determine optimal targeting of multiples of project variables.
MEPS has already formed partnership alliances with several leading global industry participants, including:
- RINA Engineering
- Schneider Electric
- Barclays Bank
- Milliman, global insurance advisors
- Morgan Stanley Impact Fund
- Artesian Venture Partners
- BRINC Investments
The first MADA product offering is MARICube which MADA and RINA have jointly developed. MARICube is a comprehensive, AI-driven project analysis solution that combines weather, geographical, political, and financial variables to improve projects. New renewable energy projects are expensive to finance due to the high level of uncertainty of final output. MARICube drastically lowers the level of uncertainty, making projects less expensive to finance, and therefore providing higher returns to investors and the local communities served by these projects. MARICube also helps existing projects optimize dozens of operating variables to substantially lower operating costs and maximize output.
MADA has generated hundreds of thousands of dollars in initial revenue from its software product solution and services to date. This number is poised to grow significantly as enhanced AI is added to MEPS. DigiMax, with its existing AI engine with team and infrastructure to support it, provides a perfect complement to MADA. Together, the two companies will substantially accelerate the MADA product offering.
"We believe that MADA is a perfect partner for DigiMax as we can provide the AI expertise that they require to take their already amazing product offering to the next level," says DigiMax CEO Chris Carl. "DigiMax sees this as a substantial recurring revenue business that provides optimization and cost-saving solution to EVERY renewable energy project on the planet in an industry that consists of several $trillion of installed projects globally and $300-500 billion of new projects being funded annually. If MARICube can provide even a 5% funding cost reduction or a 2% operating cost reduction to these projects, the value delivered to industry participants is enormous."
"We are excited to partner with DigiMax to help the MADA product solution become a leading optimization tool in the industry, focused on maximizing profits for renewable energy by de-risking projects with performance insurance, optimizing energy management, and quantifying CO2 reduction from renewable energy supplied," says MADA CEO Daniel Gimpel. "The engineering and project finance skillsets inside of DigiMax can help both our companies become a leading global brand name for both developers and investors to assist in making their renewable energy projects the best that they can be. Together with our other global partners, MADA Analytics can bring its solutions to every continent on the globe."
About DigiMax
DigiMax is an Artificial Intelligence technology Company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM partner, and the Company's engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology.
To learn more, visit our website: https://digimaxglobal.com/
Contact:
Thierry Hubert
Chief Technology Officer
214-713-8014
thubert@digimax-global.com
Chris Carl
President & CEO
416-312-9698
ccarl@digimax-global.com
Cautionary Note Regarding Forward-looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
This press release contains "forward-looking statements." Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the Company's future plans, expectations and objectives.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. There is no assurance that the purchase of MADA will be completed upon the terms stated above or at all or that the Company will be able to successfully enforce payment of amounts advanced by it under the Note in the event of a default thereunder.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
Global Provider of Power Tools and Outdoor Power Equipment Chervon Holdings Limited Successfully Listed on Main Board of SEHK
HONG KONG, Dec 30, 2021 - (ACN Newswire) - Chervon Holdings ("Chervon" or the "Company", stock code: 2285.HK), a global provider of power tools and outdoor power equipment ("OPE"), is officially listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.
The total number of offer shares under the Global Offering amounts to 71,916,000 shares, with the final offer price determined at HK$43.60 per offer share. The net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting fees and commissions and estimated total expenses payable by the Company in connection with the Global Offering, are estimated to be approximately HK$2,957.15 million. The final numbers of Hong Kong offer shares and International offer shares are respectively 7,191,600 and 64,724,400, respectively representing 10% and 90% of the total number of the offer shares initially available under the Global Offering before any exercise of the Over-Allotment option.
Chervon focuses on innovation (especially lithium-ion battery system technology), offering a comprehensive range of products under a portfolio of well-recognized brands, which are tailored to address the diverse needs of our end users around the world. The Company currently owns five differentiated and well-recognized brands that cover key geographies and segments, namely EGO, FLEX, SKIL, DEVON and X-TRON. The EGO brand has gained strong recognition in the global electric OPE market since its establishment in 2013, covering mowers, string trimmers, chainsaws and leaf/snow blowers categories. In 2020, the Company ranked the 9th and accounted for approximately 1.7% of the global power tool market, and ranked the 10th and accounted for approximately 2.1% of the global OPE market, and ranked the 13th and accounted for approximately 1.9% of the combined global power tool and OPE markets, in each case by revenue.
Leveraging its insights into advanced technology and user-centric innovation, Chervon continuously introduces new products showcasing advanced technology and product engineering capabilities. Relying on the multi-channel sales and distribution network, innovative products are sold to many regions in North America, Europe, Asia, and other key markets around the world. Existing global operations and robust brand portfolio allows the Company to further expand its market share while meeting the needs of end-users in target markets. With the interlinkage of research and development, manufacturing and sales and distribution and ultimately the formation of a mature integrated system, Chervon maintains and continues to consolidate its leading position in the global market for power tools and OPE.
Mr. Pan Longquan, Executive Director, Chairman and CEO of Chervon said, "Today, Chervon officially listed on the Hong Kong Stock Exchange, opening a new chapter for the Company's development. Chervon's successful debut demonstrates the trust and support of global investors in the Company's business development and culture. Besides, Chervon has also stepped onto the international capital stage, demonstrating its features and advantages in all aspects. Moving forward, we will continue to strengthen our product innovation capabilities, enhance the competitive advantages of our products, and promote the high-quality development of the manufacturing industry. We are determined to become a global leader in power tools and outdoor power equipment in the lithium-ion, intelligent and digital era."
About Chervon Holdings Limited
Chervon Holdings Limited is a global provider of power tools and outdoor power equipment ("OPE"). The Company offers a comprehensive range of products under a portfolio of well-recognized brands, which are tailored to address the diverse needs of its end users around the world. Chervon currently owns five differentiated and well-recognized brands that cover key geographies and segments, namely EGO and SKIL for both premium and mass-market end users, FLEX, DEVON and X-TRON for industrial/professional end users.
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72174/
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The total number of offer shares under the Global Offering amounts to 71,916,000 shares, with the final offer price determined at HK$43.60 per offer share. The net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting fees and commissions and estimated total expenses payable by the Company in connection with the Global Offering, are estimated to be approximately HK$2,957.15 million. The final numbers of Hong Kong offer shares and International offer shares are respectively 7,191,600 and 64,724,400, respectively representing 10% and 90% of the total number of the offer shares initially available under the Global Offering before any exercise of the Over-Allotment option.
Chervon focuses on innovation (especially lithium-ion battery system technology), offering a comprehensive range of products under a portfolio of well-recognized brands, which are tailored to address the diverse needs of our end users around the world. The Company currently owns five differentiated and well-recognized brands that cover key geographies and segments, namely EGO, FLEX, SKIL, DEVON and X-TRON. The EGO brand has gained strong recognition in the global electric OPE market since its establishment in 2013, covering mowers, string trimmers, chainsaws and leaf/snow blowers categories. In 2020, the Company ranked the 9th and accounted for approximately 1.7% of the global power tool market, and ranked the 10th and accounted for approximately 2.1% of the global OPE market, and ranked the 13th and accounted for approximately 1.9% of the combined global power tool and OPE markets, in each case by revenue.
Leveraging its insights into advanced technology and user-centric innovation, Chervon continuously introduces new products showcasing advanced technology and product engineering capabilities. Relying on the multi-channel sales and distribution network, innovative products are sold to many regions in North America, Europe, Asia, and other key markets around the world. Existing global operations and robust brand portfolio allows the Company to further expand its market share while meeting the needs of end-users in target markets. With the interlinkage of research and development, manufacturing and sales and distribution and ultimately the formation of a mature integrated system, Chervon maintains and continues to consolidate its leading position in the global market for power tools and OPE.
Mr. Pan Longquan, Executive Director, Chairman and CEO of Chervon said, "Today, Chervon officially listed on the Hong Kong Stock Exchange, opening a new chapter for the Company's development. Chervon's successful debut demonstrates the trust and support of global investors in the Company's business development and culture. Besides, Chervon has also stepped onto the international capital stage, demonstrating its features and advantages in all aspects. Moving forward, we will continue to strengthen our product innovation capabilities, enhance the competitive advantages of our products, and promote the high-quality development of the manufacturing industry. We are determined to become a global leader in power tools and outdoor power equipment in the lithium-ion, intelligent and digital era."
About Chervon Holdings Limited
Chervon Holdings Limited is a global provider of power tools and outdoor power equipment ("OPE"). The Company offers a comprehensive range of products under a portfolio of well-recognized brands, which are tailored to address the diverse needs of its end users around the world. Chervon currently owns five differentiated and well-recognized brands that cover key geographies and segments, namely EGO and SKIL for both premium and mass-market end users, FLEX, DEVON and X-TRON for industrial/professional end users.
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72174/
Sirnaomics Ltd., the RNA Therapeutics Biopharmaceutical Company with Strong Presence in Both China and the U.S. Successfully Listed on Main Board of SEHK
HONG KONG, Dec 30, 2021 - (ACN Newswire) - Sirnaomics Ltd. ("Sirnaomics" or "Company", together with its subsidiaries, the "Group", stock code: 2257.HK), the RNA therapeutics biopharmaceutical company with strong presence in both China and the U.S., and the first company to achieve positive Phase IIa clinical outcomes in oncology for an RNAi therapeutics, is officially listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.
The total number of offer shares under the Global Offering amounts to 7,540,000 shares, with the final offer price determined at HK$65.90 per offer share. The net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting fees and expenses paid and payable by the Company in connection with the Global Offering, are estimated to be approximately HK$395.7 million. The Hong Kong offer shares initially offered under the Hong Kong Public Offering have been slightly over-subscribed, where the total number of valid applications amounted to approximately 5.68 times of the total number of Hong Kong offer shares initially available for subscription under the Hong Kong Public Offering. The offer shares initially offered under the International Offering have also been slightly over-subscribed by approximately 1.22 times.
The product pipeline of Sirnaomics has over a dozen of candidates for a wide range of therapeutic indications across rare diseases and diseases with large patient populations covering oncology, fibrosis, medical aesthetics, antiviral, cardiometabolic diseases and other fields. Its product candidates currently span all stages from preclinical research and IND-enabling studies to Phase I and Phase II clinical trials, creating an enriched portfolio and an extended timeline of product candidates. The proprietary delivery platforms for administration of RNA-based therapeutics are the foundation Sirnaomics' pipeline, and the related proprietary PNP and novel GalNAc delivery platforms confer advantages over conventional delivery platforms. The Company believes its highly innovative RNAi delivery platforms set Sirnaomics in a class by itself. The PNP delivery platform allows delivery of both siRNA and mRNA to diseased cells via local or systemic administration, providing distinct advantages in low toxicity, easy manufacturing and the capability to reach many targeted organs and cell types. The results of Phase IIa clinical trial in oncology validate both the effectiveness of its PNP delivery platform and the therapeutic targets for isSCC, positioning the Company for accelerated development of other pipeline products using the same PNP delivery platform. The Company's core product candidate STP705, another clinical stage product candidate STP707, and at least eight other preclinical candidates all utilize the PNP delivery platform. RNAimmune, a controlled subsidiary of Sirnaomics, also applies PNP and a related proprietary delivery platform based on polypeptide-lipid nanoparticles (PLNP), to develop mRNA-based therapeutics and vaccines.
Dr. Patrick Y. Lu, Founder, Chairman of Board, President and CEO of Sirnaomics said, "Today marked a significant milestone in Sirnaomics' history. Our successful debut in the Hong Kong stock market shows global investors' profound recognition for our strategic model, growth potential, proprietary and novel drug delivery platforms, rich product pipeline and experienced management team. We are so proud and would like to express our sincere gratitude to investors for their trust and support to Sirnaomics. We are committed to becoming a fully-integrated international biopharmaceutical company. Leveraging its deep experience in RNA therapeutics and novel delivery platform technologies, the Company will continuously advance the development of innovative therapeutic modalities for the treatment of a broad range of diseases and strengthen our intellectual properties to maximize the clinical potential to rapidly discover, develop and commercialize more transformative therapeutics and vaccines for patients around the world."
About Sirnaomics Ltd.
Sirnaomics Ltd. ("Sirnaomics" or "Company", stock code: 2257.HK) is an RNA therapeutics biopharmaceutical company with product candidates in pre-clinical and clinical stages that focuses on the discovery and development of innovative drugs for indications with medical needs and large market opportunities. The Company is the first clinical-stage RNA therapeutics company to have a strong presence in both China and the U.S, and also the first company to achieve positive Phase IIa clinical outcomes in oncology for an RNAi therapeutics for its core product, STP705.
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72171/
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The total number of offer shares under the Global Offering amounts to 7,540,000 shares, with the final offer price determined at HK$65.90 per offer share. The net proceeds from the Global Offering to be received by the Company, after deduction of the underwriting fees and expenses paid and payable by the Company in connection with the Global Offering, are estimated to be approximately HK$395.7 million. The Hong Kong offer shares initially offered under the Hong Kong Public Offering have been slightly over-subscribed, where the total number of valid applications amounted to approximately 5.68 times of the total number of Hong Kong offer shares initially available for subscription under the Hong Kong Public Offering. The offer shares initially offered under the International Offering have also been slightly over-subscribed by approximately 1.22 times.
The product pipeline of Sirnaomics has over a dozen of candidates for a wide range of therapeutic indications across rare diseases and diseases with large patient populations covering oncology, fibrosis, medical aesthetics, antiviral, cardiometabolic diseases and other fields. Its product candidates currently span all stages from preclinical research and IND-enabling studies to Phase I and Phase II clinical trials, creating an enriched portfolio and an extended timeline of product candidates. The proprietary delivery platforms for administration of RNA-based therapeutics are the foundation Sirnaomics' pipeline, and the related proprietary PNP and novel GalNAc delivery platforms confer advantages over conventional delivery platforms. The Company believes its highly innovative RNAi delivery platforms set Sirnaomics in a class by itself. The PNP delivery platform allows delivery of both siRNA and mRNA to diseased cells via local or systemic administration, providing distinct advantages in low toxicity, easy manufacturing and the capability to reach many targeted organs and cell types. The results of Phase IIa clinical trial in oncology validate both the effectiveness of its PNP delivery platform and the therapeutic targets for isSCC, positioning the Company for accelerated development of other pipeline products using the same PNP delivery platform. The Company's core product candidate STP705, another clinical stage product candidate STP707, and at least eight other preclinical candidates all utilize the PNP delivery platform. RNAimmune, a controlled subsidiary of Sirnaomics, also applies PNP and a related proprietary delivery platform based on polypeptide-lipid nanoparticles (PLNP), to develop mRNA-based therapeutics and vaccines.
Dr. Patrick Y. Lu, Founder, Chairman of Board, President and CEO of Sirnaomics said, "Today marked a significant milestone in Sirnaomics' history. Our successful debut in the Hong Kong stock market shows global investors' profound recognition for our strategic model, growth potential, proprietary and novel drug delivery platforms, rich product pipeline and experienced management team. We are so proud and would like to express our sincere gratitude to investors for their trust and support to Sirnaomics. We are committed to becoming a fully-integrated international biopharmaceutical company. Leveraging its deep experience in RNA therapeutics and novel delivery platform technologies, the Company will continuously advance the development of innovative therapeutic modalities for the treatment of a broad range of diseases and strengthen our intellectual properties to maximize the clinical potential to rapidly discover, develop and commercialize more transformative therapeutics and vaccines for patients around the world."
About Sirnaomics Ltd.
Sirnaomics Ltd. ("Sirnaomics" or "Company", stock code: 2257.HK) is an RNA therapeutics biopharmaceutical company with product candidates in pre-clinical and clinical stages that focuses on the discovery and development of innovative drugs for indications with medical needs and large market opportunities. The Company is the first clinical-stage RNA therapeutics company to have a strong presence in both China and the U.S, and also the first company to achieve positive Phase IIa clinical outcomes in oncology for an RNAi therapeutics for its core product, STP705.
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72171/
12/29/21
Esprit Revitalized with Series of Exciting Developments in the Pipeline
For the six months ended 30 June 2021 ("the Period"), during which time the Group underwent a number of operational changes, Esprit recorded a turnaround from loss to profit for the first time since the annual results for the year ended 30 June 2017, highlighting the success of its ongoing restructuring activities. Unaudited profit attributable to the shareholders of the Company was approximately HK$121 million, as compared with the unaudited loss attributable to the shareholders of the Company of approximately HK$3,661 million for the prior corresponding period. This positive result was partly due to the stringent cost control measures implemented by the Group, as well as a significant reduction in losses for exceptional items and the improvement in sales, particularly from its e-commerce channels.
Additional noteworthy financial highlights for the six months ended 30 June 2021 (unaudited) include:
1. EBIT turned positive to HK$164 million, a substantial improvement in performance reversing the HK$3,119 million LBIT for the comparable six months period ended 30 June 2020. EBIT margin was reported at 4.2%;
2. Net profit attributable to shareholders for the six months ended 30 June 2021 was reported at HK$121 million with net profit margin of 3.1%, reversing the HK$3,661 million net loss for the comparable six months period ended 30 June 2020; and
3. Inventories as at 30 June 2021 was reported at HK$1,249 million, representing 1.2% reduction compared with HK$1,265 million reported as at 30 June 2020, and 32.3% reduction compared with HK$1,845 million reported as at 30 June 2019 as a result of rationalisation of inventory management efforts.
Adhering to the Group's motto - "We want to make you feel good to look good" - Esprit has continuously been enhancing its products in terms of design and quality, focusing on apparel that last longer and in turn, are more environmentally friendly and sustainable. Having developed into a brand coveted by people around the world, Esprit is now excited to announce that it will be launching a series of new capsule collections throughout 2022 via omnichannel. The pieces in these collections are not just apparel products; they have been lovingly designed around themes infused with Esprit's DNA, ultimately aiming to ignite a sense of nostalgia with the customer and to evoke memories of love, joy and happiness that they shared with Esprit. By focusing on the brand's story back in the late 70s through the 90s, the team hopes to bring its colorful heritage and successes into the modern age, reminding customers of Esprit's long history as a leader in fashion, encouraging them to feel the same way that its designers do about the brand and their creations.
The limited edition capsule pieces have been curated and designed by members from garment and product design, merchandising, branding, and concept to consumer teams, located in different regions including Germany, Seoul, New York, Los Angeles, and, last but not least, Hong Kong. Together, these teams form Esprit's global design hub, led by the Company's CPO, based in Hong Kong. Mr. Langill says, "I am excited and honoured to be part of a brand with such a strong heritage. Furthermore, I am impressed by the passion and dedication exhibited by the teams throughout all our regions. I am confident that our love and passion for Esprit will be reflected in our upcoming collections."
Going forward, e-commerce will be Esprit's key strategic pillar for its global ambitions. The Group is now looking into leveraging its e-commerce partnerships and expansion of its own proprietary direct-to-consumer e-commerce platform to accelerate this growth driver in Asia. Meanwhile, the Group is also accelerating its first-party data capture and smart use of data to increase brand awareness and strengthen customer loyalty.
Ms. CHIU Christin Su Yi, Chairman, concluded, "Sang will take on the global leadership of the product and merchandising side of the business. I have great confidence and expectations for Sang and his team to introduce new innovation and creativity to Esprit's product offering to not only drive sales but to also help our brand better engage with customers in a meaningful way."
Please look out for the many more exciting developments to come!
About ESPRIT
Fueled by the vision of essential positivity, Esprit was founded in California by couple Susie and Doug Tompkins in 1968. Inspired by the revolutionary spirit of the 60s, the brand developed a clear philosophy - always celebrating real people and togetherness, in line with the brand's promise: "We want to make you feel good to look good". The success story of Esprit is based on two pillars: Delivering joy every day through laid-back tailored, high quality essentials and carefully selected fashion-forward pieces while staying true to its core values of sustainability, equality and freedom of choice. Example: In the early 90s, long before "Eco Fashion" became fashionable, Esprit debuted its first "ecollection" made of 100% organic cotton and featured its own team instead of models in honor of their "Real People Campaign."
Keeping this spirit alive since day one, today Esprit has a presence in more than 30 markets around the globe. The Group has been listed on the Hong Kong Stock Exchange since 1993, and Esprit's global headquarters is located in Hong Kong.
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72166/
12/28/21
Decentralized Daily Fantasy Sports Platform, Fanfury Set to Be Launched
Tortola, British Virgin Islands, Dec 28, 2021 - (ACN Newswire) - Fantasy Terra Co Ltd has recently announced the launch of its platform - Fanfury, a decentralized daily fantasy sports project. Introducing trust-less fantasy sports to the world, Fanfury aims at facilitating player vs player and large contest pools in which participants compete by creating virtual teams comprising players from a range of professional sports. Based on existing daily fantasy sports principles, Fanfury will use a point system to quantify the performance of selected players as well their overall results in competitions.
Built on Terra, Fanfury has been designed to be a daily fantasy sports app with both a profit-sharing structure and community ownership. Integrating advanced technologies like smart contracts and multiple Oracles to prevent manipulation, Fantasy Terra Co Ltd and Fanfury will leverage these tools to control the rules governing the play and to validate data from real-world sources. Fanfury is seeking to achieve this by utilizing Chainlink, Supra, and Band protocol.
With Fanfury's gamified staking pools, participants can choose from over 300 teams across major league sports. Only one team can be picked per wallet. Users can hold and stake Fanfury's native token, $FURY on the team pool they choose allowing them to earn daily distributed rewards. The gamified reward distribution feature ensures that rewards are distributed according to a team's standing on the leaderboard.
Deflationary economics has been built into the Fanfury tokenomics. The Terra-built platform will burn 40% of rake fees earned on every contest. This is part of the development team's strategies to drive circulation and, in turn, accelerate the price of the token. If the prices of the $FURY tokens are high, only a diminutive percentage will be burnt.
Smart contracts will be implemented to control the collection of entry fees, the size of the pool, the number of teams, and the proprietary governing rules. At a flat rate of 5%, Fanfury prides itself as the project with one of the lowest rake fees in the industry. Fanfury has raised $1.8 million from Angel, Seed, and private rounds at a market cap of $14.7 million.
Offering players an opportunity to choose from over 2,000 prominent leagues like the English Premier League [EPL], La Liga, NBA, etc., Fanfury will not only create a sustainable incentivized liquidity program but will revolutionize the sports fantasy game as it is.
Fanfury aims at delivering real-world digital data, liquidity, transparency, decentralization, and offering gamers new ways to earn and express their undying passion for sports.
About Fantasy Terra Co Ltd
A product of Fantasy Terra Co Ltd, Fanfury is a blockchain-based sports fantasy game that has been designed to offer players a wide range of options. Incorporating access to over 2,000 leagues, incentivizing players, and rewarding liquidity providers, Fanfury aims at delivering decentralization, real-world data collection, liquidity, transparency, and digital ownership to the industry. Integrating advanced technologies, this Terra-based platform will try to dispel all forms of manipulations while ensuring that predetermined rules governing gameplay are adhered to.
Media Contact
Brand: Fanfury
Contact Person: Athiban Jordanson, Head of Communications
Email: contact@fury.fan
Website: https://fury.fan/
SOURCE: Fanfury
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72158/
Decentralized Daily Fantasy Sports Platform, Fanfury Set to Be Launched
Tortola, British Virgin Islands, Dec 28, 2021 - (JCN Newswire) - Fantasy Terra Co Ltd has recently announced the launch of its platform - Fanfury, a decentralized daily fantasy sports project. Introducing trust-less fantasy sports to the world, Fanfury aims at facilitating player vs player and large contest pools in which participants compete by creating virtual teams comprising players from a range of professional sports. Based on existing daily fantasy sports principles, Fanfury will use a point system to quantify the performance of selected players as well their overall results in competitions.
Built on Terra, Fanfury has been designed to be a daily fantasy sports app with both a profit-sharing structure and community ownership. Integrating advanced technologies like smart contracts and multiple Oracles to prevent manipulation, Fantasy Terra Co Ltd and Fanfury will leverage these tools to control the rules governing the play and to validate data from real-world sources. Fanfury is seeking to achieve this by utilizing Chainlink, Supra, and Band protocol.
With Fanfury's gamified staking pools, participants can choose from over 300 teams across major league sports. Only one team can be picked per wallet. Users can hold and stake Fanfury's native token, $FURY on the team pool they choose allowing them to earn daily distributed rewards. The gamified reward distribution feature ensures that rewards are distributed according to a team's standing on the leaderboard.
Deflationary economics has been built into the Fanfury tokenomics. The Terra-built platform will burn 40% of rake fees earned on every contest. This is part of the development team's strategies to drive circulation and, in turn, accelerate the price of the token. If the prices of the $FURY tokens are high, only a diminutive percentage will be burnt.
Smart contracts will be implemented to control the collection of entry fees, the size of the pool, the number of teams, and the proprietary governing rules. At a flat rate of 5%, Fanfury prides itself as the project with one of the lowest rake fees in the industry. Fanfury has raised $1.8 million from Angel, Seed, and private rounds at a market cap of $14.7 million.
Offering players an opportunity to choose from over 2,000 prominent leagues like the English Premier League [EPL], La Liga, NBA, etc., Fanfury will not only create a sustainable incentivized liquidity program but will revolutionize the sports fantasy game as it is.
Fanfury aims at delivering real-world digital data, liquidity, transparency, decentralization, and offering gamers new ways to earn and express their undying passion for sports.
About Fantasy Terra Co Ltd
A product of Fantasy Terra Co Ltd, Fanfury is a blockchain-based sports fantasy game that has been designed to offer players a wide range of options. Incorporating access to over 2,000 leagues, incentivizing players, and rewarding liquidity providers, Fanfury aims at delivering decentralization, real-world data collection, liquidity, transparency, and digital ownership to the industry. Integrating advanced technologies, this Terra-based platform will try to dispel all forms of manipulations while ensuring that predetermined rules governing gameplay are adhered to.
Media Contact
Brand: Fanfury
Contact Person: Athiban Jordanson, Head of Communications
Email: contact@fury.fan
Website: https://fury.fan/
SOURCE: Fanfury
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
Metapunks announces NFT Metaverse Avatars Public Sale
London, UK, Dec 28, 2021 - (JCN Newswire) - The First 2000 metapunks were sold privately. Now, it is open to the general public.
What is interesting about this project?
- Not just JPEGs
Unlike many other collections, Metapunks are full-fledged 3D models. Owners can see their NFTs in a 3D viewer on the website or use AR to integrate Metapunks in the real world. Avatars can be downloaded from the site, animated, and imported into various projects or Metaverses such as Webaverse. Additionally, each avatar has three stylish photos, which can be used, for example, on Twitter. The collection features eleven attributes that guarantee a lot of variety.
- Ecosystem Matters
Metapunks is one of the first large NFT collections on Algorand. Despite being a top 20 coin with a 10B$+ market cap, Algorand is still not on the radar of many cryptocurrency investors. The Algorand ecosystem is young and rapidly developing. Original NFT projects on Algorand, such as Al Goanna, made their original owners by making them thousands of percent in average return. Despite being a new project, Metapunks is widely known in the Algorand community. The project was featured twice on the main page of Algorand.com ( https://algorand.com/ ).
Another example is an official collaboration with the Drone Racing League announced on the Decipher, the leading Algorand conference, which brought together around 400 participants in 2021.
The team behind Metapunks published an excellent competitive analysis article about Algorand blockchain. You can read it [here](https://bit.ly/why-algorand).
- Lots of Potential
The project has an ambitious roadmap. At the beginning of 2021, they plan to introduce the META token, NFT Staking, NFT Swap, and other DeFi mechanics. But the main milestone in the roadmap is MetaDAO, one of the first DAO projects on Algorand. MetaDAO will invest in other projects Metaverse aligned projects "on Algorand and beyond." Currently, 10% of sales are going directly to the MetaDAO treasury.
Metapanks sales are available now on their website:
There is more information about the project on the main page:
https://metapunks.world/?utm_source=yahoo
Media Contact
Brand: Metapunks
Contact: Media Team
Email: x@metapunks.world
Website: http://metapunks.world
Twitter: https://twitter.com/MetaPunksOG
SOURCE: Metapunks
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
Metapunks announces NFT Metaverse Avatars Public Sale
London, UK, Dec 28, 2021 - (ACN Newswire) - The First 2000 metapunks were sold privately. Now, it is open to the general public.
What is interesting about this project?
- Not just JPEGs
Unlike many other collections, Metapunks are full-fledged 3D models. Owners can see their NFTs in a 3D viewer on the website or use AR to integrate Metapunks in the real world. Avatars can be downloaded from the site, animated, and imported into various projects or Metaverses such as Webaverse. Additionally, each avatar has three stylish photos, which can be used, for example, on Twitter. The collection features eleven attributes that guarantee a lot of variety.
- Ecosystem Matters
Metapunks is one of the first large NFT collections on Algorand. Despite being a top 20 coin with a 10B$+ market cap, Algorand is still not on the radar of many cryptocurrency investors. The Algorand ecosystem is young and rapidly developing. Original NFT projects on Algorand, such as Al Goanna, made their original owners by making them thousands of percent in average return. Despite being a new project, Metapunks is widely known in the Algorand community. The project was featured twice on the main page of Algorand.com ( https://algorand.com/ ).
Another example is an official collaboration with the Drone Racing League announced on the Decipher, the leading Algorand conference, which brought together around 400 participants in 2021.
The team behind Metapunks published an excellent competitive analysis article about Algorand blockchain. You can read it [here](https://bit.ly/why-algorand).
- Lots of Potential
The project has an ambitious roadmap. At the beginning of 2021, they plan to introduce the META token, NFT Staking, NFT Swap, and other DeFi mechanics. But the main milestone in the roadmap is MetaDAO, one of the first DAO projects on Algorand. MetaDAO will invest in other projects Metaverse aligned projects "on Algorand and beyond." Currently, 10% of sales are going directly to the MetaDAO treasury.
Metapanks sales are available now on their website:
There is more information about the project on the main page:
https://metapunks.world/?utm_source=yahoo
Media Contact
Brand: Metapunks
Contact: Media Team
Email: x@metapunks.world
Website: http://metapunks.world
Twitter: https://twitter.com/MetaPunksOG
SOURCE: Metapunks
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72156/
Moonstake、2022年上旬にEverscale (EVER)のステーキングサポートへ
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Moonstakeは、アジアで最大のステーキングネットワークを作ることを目的として、昨年からステーキングビジネスを開始しました。2000以上の暗号通貨をサポートする、最もユーザーフレンドリーなウェブウォレットとモバイルウォレット（iOS / Android）を開発し、Cosmos、IRISnet、Ontology、Harmony、Tezos、Cardano、Qtum、Polkadot、Quras、Centrality、Orbs、IOST、TRON、Shidenのステーキングのサポートをしてきました。2020年8月の本格運用後、Moonstakeのステーキング資産総額は18億ドルに達するまで成長し、2021年6月には、世界1万5000のステーキング・プロバイダーの中で、世界ベスト3になりました。今年3月には、DeFiプラットフォームであるMuse.Financeと共にDeFiに参入しており、今後、DeFi事業への拡大も進めていきます。
Everscale Networkは、サブガバナンスと呼ばれるDAOで構成されたブロックチェーンです。Everscaleは、SolidityとC++のコンパイラ、API、13のプログラミング言語とすべての一般的なプラットフォーム用のクライアントライブラリを含むSDK、DAppテスト用のローカルノード、CLIツール、DeFi、NFT、トークン化、統治領域における多くのアプリケーションに力を与える分散型ブラウザとウォレットの範囲などの強力な開発者ツールを備えています。Everscaleは、スケーラブルな分散型ワールドコンピュータと分散型オペレーティングシステムEver OSを組み合わせた、新しくユニークなブロックチェーンデザインです。
Everscaleは、今年8月にソーシャルメディアキャンペーン「FreeTON × Moonstake」を実施し、Moonstakeへのステーキングサポートに向けたコミュニティ向けの取り組みを行いました。当時のFreeTONのソーシャルメディアでは、約7,000件のエンゲージメント、1,200件以上のシェアを獲得しました。以降、Moonstakeでは、Everscaleと協力し、EVERの送受信対応などを進めるとともに、ステーキングサポート実装を決定しました。
世界中に大規模なコミュニティを有するEverscaleと協力し、2022年には様々なイベント企画を通じた、新しいユーザー体験やエキサイティングな機会の提供をしていく予定です。
Moonstakeについて
Moonstakeは、地域および世界のブロックチェーン市場における需要の増加を満たすために、ステーキングプールプロトコルを開発するために最近設立されました。Moonstakeは、ステーキングプールプロトコルを開発し、パートナーや企業を通じてビジネスサービスを提供しています。
Moonstakeは、暗号資産保有者にアクティブな環境を提供することで、アジア最大のステーキングプールネットワークとなることを目指しています。Moonstakeとの明確なパートナーシップのロードマップを確立することは、アジアで急成長している分散型台帳技術（DLT）エコシステムの主要プラットフォームとの関係を強化していくための、もう一つの重要なマイルストーンとなります。これまでにも、ステーキングの導入を促進するために、Emurgo、Ontology、NEO、日本最大のブロックチェーンハブであるBinarystar、シンガポールの上場企業であるOIO Holdings Limited（SGX: OIO）とのパートナーシップが発表されています。また、LiskやRAMP DEFIのLawrence Limなど、業界で評判の高いアドバイザーがMoonstakeの革新的な旅をサポートしています。
2020年8月に開始された本格的なオペレーションにより、事業を拡大し、現在のところ、ステークス資産総額は10億米ドルを超えています。 https://www.moonstake.io/
Everscaleについて
Everscaleは、オンデマンドで数百万件のトランザクションを処理できるスケーラブルなブロックチェーンです。
Everscaleの歴史は、Telegram Open Network (TON)に始まりました。TONは、メッセージング、バリュー、データストレージ、分散型アプリケーションを実行するためのオペレーティングシステム全体を実装したP2Pネットワークの原則に基づく分散型エコシステムとして設計されました。その後、TONのソースコードが公開され、Everscale Networkの基礎が築かれてきました。
Everscaleは、SolidityとC++のコンパイラ、API、13のプログラミング言語とすべての一般的なプラットフォーム用のクライアントライブラリを含むSDK、DAppテスト用のローカルノード、CLIツール、DeFi、NFT、トークン化、統治領域における多くのアプリケーションに力を与える分散型ブラウザとウォレットの範囲などの強力な開発者ツールを備えています。 https://everscale.network/
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
Moonstake to Support Staking of Everscale (EVER) in 2022
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Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS/Android) with support for over 2,000 cryptocurrencies. Currently, Moonstake supports 14 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, and Shiden. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1.8 Billion and by June 2021, Moonstake was the third best staking provider in the world out of 15,000 staking providers worldwide. In March 2021, the company entered DeFi with Muse.Finance, a DeFi platform, and will continue to expand into the DeFi business.
Meanwhile, Everscale Network is a blockchain made up of DAOs called sub-governance. Everscale is an SDK with Solidity and C++ compilers, APIs, 13 programming languages, and client libraries for all popular platforms, local nodes for DApp testing, CLI tools, DeFi, NFT, tokenization, and governance. It has powerful developer tools such as a decentralized browser and a range of wallets that empower many applications. Everscale is a new and unique blockchain design that combines a scalable distributed world computer with the distributed operating system Ever OS.
Previously, Everscale, known as Free TON at the time, hosted a social media sharing campaign to engage their community in staking support on Moonstake. This campaign helped Free TON gain nearly 7,000 engagements and over 1,200 shares. Since then, Moonstake has been working with Everscale to support sending and receiving EVER, and has now also decided to implement staking support.
With Everscale's large global community, Moonstake plans to offer new user experiences and exciting opportunities through a variety of events in 2022.
About Moonstake
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.
Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnerships have been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.
With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 1 billion. https://www.moonstake.io/
About Everscale
Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system. The network is based on a platform called Ever OS, capable of processing millions of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.
Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.
Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains. https://everscale.network/
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72152/
12/27/21
昭和電工、新市場区分「プライム市場」選択申請に関するお知らせ
この結果に基づき、本日開催の取締役会において、2022 年４月４日に予定されている新市場区分として「プライム市場」を選択し、東証へ申請することを決議しましたので、お知らせいたします。
今後、東証の定めるスケジュールに従い、申請に係る所定の手続きを進めてまいります。
本リリースの詳細は下記URLをご参照ください。
https://www.sdk.co.jp/assets/files/news/2021/20211227_sdknewsrelease_j.pdf
概要：昭和電工株式会社
詳細は www.sdk.co.jp をご覧ください。
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
12/26/21
三菱みなとみらい技術館オンライントークイベント「SF思考で考える－核融合エネルギーが実現する未来社会とは－」を開催
「MISSION NET ZERO」をキャッチフレーズに、カーボンニュートラル社会の実現に向けた取り組みを進める当社グループの活動の一環として、本イベントでは未来のエネルギーといわれる核融合エネルギーにフォーカス。非連続で挑戦的かつリアリティのある未来を描くための手法として注目されている“SF思考”の視点から、「核融合エネルギーが実現する未来社会とはどのようなものか」「私たちの生活にどのような変化が起こるのか」といった切り口で未来社会を想像していきます。
核融合エネルギーの実現に向け、日本を含む7極（日本、欧州、アメリカ、ロシア、中国、韓国、インド）が参画する国際プロジェクトとして核融合実験炉イーター（以下、ITER（注2））の建設が現在進められています。日本はトロイダル磁場コイルやダイバータをはじめ、ITERにおける主要機器の開発・製造などの重要な役割を担っており、国内の代表機関として機器などの開発・調達活動を推進している国立研究開発法人量子科学技術研究開発機構のリーダーシップのもと、当社グループも参画しています。核融合エネルギーとその関連技術は、発電分野での活用に加え、将来的には医療分野や宇宙分野などさらに多くの産業の高度化や新市場の創出への活用も期待されています。
またこのイベントでは、ITER計画を牽引するITER日本国内機関長の杉本 誠氏とITER機構首席戦略官の大前 敬祥氏、『SF思考－ビジネスと自分の未来を考えるスキル（ダイヤモンド社刊）』の編著者である三菱総合研究所シニアプロデューサーの藤本 敦也氏、日本を代表するSF作家の野尻 抱介氏といった著名なパネリストの方々をお招きし、三菱総合研究所参与の関根 秀真氏をモデレーターに、フリートークを交えながら核融合エネルギーの可能性についてわかりやすく解説します。
皆さまにとって未来社会に思いを馳せる良い機会となれば幸いです。多くのお申し込み、ご参加をお待ちしています。
本リリースの詳細は下記をご参照ください。
https://www.mhi.com/jp/news/211227.html
三菱重工グループについて
三菱重工グループは、エンジニアリングとものづくりのグローバルリーダーとして、 1884年の創立以来、 社会課題に真摯に向き合い、人々の暮らしを支えてきました。長い歴史の中で培われた高い技術力に最先端の知見を取り入れ、カーボンニュートラル社会の実現 に向けたエナジートランジション、 モビリティの電化・知能化、サイバー・セキュリティ分野 の発展に取り組み、 人々の豊かな暮らしを実現します。www.mhi.com/jp
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
NECファシリティーズ、ＫＭバイオロジクスと熊本事業所における新たな施設管理契約を締結
この契約に基づき、NECファシリティーズは本年12月より熊本事業所で24時間365日、省エネに配慮した高付加価値の施設管理業務を開始し、同事業所で製造される医薬品の安定供給に貢献してまいります。
背景と概要
昨今、製造業において工場で消費されるエネルギーの効率的運用は、製造コストの低減に加え環境配慮への意識の高まりもあり、大きな経営課題となっていますが、有力なエネルギーの効率的運用の指標のひとつに「エネルギー原単位（注１）」があります。例えば、九州地区に立地する半導体工場の施設管理においてNECファシリティーズはその考え方を発展させ、ガス・重油等の燃料や電力の使用量を常時見える化するため、消費エネルギーや各種設備の稼働状況を把握する仕組みを構築しました。独自のパラメータ設定により設備の運転効率の即時把握及び異常に至る兆候の把握を行い、省エネと工場の安定稼働を実現する高付加価値の施設管理を目指しています。またこの独自手法により、設備間のエネルギーロスを探して廃熱の再利用等を見出せる等、一層の省エネとCO2排出抑制が期待されています。
今回、NECファシリティーズは、ＫＭバイオロジクスの医薬品の研究開発と生産増強への集中、医薬品の安定供給ならびに省エネを両立させる方策として、これまで一部委託されていた施設管理実績及びエネルギー原単位を発展させた管理手法への期待を受けて、業務内容拡大の契約締結に至りました。
今後の展開
NECファシリティーズは、お客様工場のライフサイクルマネジメント（Factory life cycle management）にTotal IFM（注2）で貢献し、総合的な課題解決を提供しています。これまでも熊本事業所の環境付帯設備の改善工事を通じ、設備の効率化と水質汚濁、大気汚染といった環境保全リスクの軽減並びにSDGsの実現に貢献してまいりました。
今後、同事業所において24時間365日、環境に配慮した施設管理業務で工場の安定稼働に貢献するとともに、同社製医薬品の安定供給を全面的に支援してまいります。
本リリースの詳細は下記をご参照ください。
https://www.necf.jp/information/20211227.html
概要：日本電気株式会社（NEC)
詳細は www.nec.co.jp をご覧ください。
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
Spritzer Advocates Healthier Drinking Habits with Drink, Win & Huat Contest
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The contest runs from 01 December 2021 to 15 February 2022, making this a total of 11 weeks with attractive weekly cash prizes to be won. Prizes include one (1) Grand Prize of Proton X70, eight (8) Weekly First Prize Winners of RM888 cash, and thirty-eight (38) Weekly Consolation Prize Winners RM128 cash.
The participating products in the contest are Spritzer Natural Mineral Water, Distilled Drinking Water, RO Drinking Water, Spritzer Dispenser Series (Hot & Cold Stand Dispenser / Hot & Warm Mini Dispenser / Duotone Mini Dispenser / Water Pump Dispenser), ACILIS by Spritzer Natural Mineral Water, Spritzer SO Tinge!, Spritzer Tinge and, Spritzer Sparkling Natural Mineral Water.
To participate, purchase any of the participating Spritzer product worth RM8 and above at any outlet or e-commerce platform in a single receipt, write your full name as per identity card ("IC"), IC number and email address on the original printed receipt(s), then WhatsApp a picture of the receipt to +6017 671 8310. Remember to keep the receipt for verification purposes.
Buy more and stand a chance to win more. For more info on contest details, kindly log in to spritzer.com.my.
Spritzer has recently won another national award for the water category at the World Branding Awards - Brand of the Year 2021 to 2022 and will continue striving in their efforts of sustainability and giving back to society to provide the best natural mineral water for their consumers.
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72134/
Hatten Land Signs Comprehensive Collaboration Agreement with Huawei
Singapore / Melaka, Malaysia, Dec 27, 2021 - (JCN Newswire) - SGX Catalist-listed Hatten Land Limited ("Hatten" or the "Company" and together with its subsidiaries, the "Group") is pleased to announce that its wholly-owned subsidiary Hatten Edge Pte. Ltd. ("Hatten Edge") has entered into a Comprehensive Collaboration Agreement ("CCA") with global leading information and communications technology (ICT) provider Huawei International Pte. Ltd. ("Huawei International").
Highlights:
- Utilising their respective capabilities in technology, operational resources and business networks, Huawei and Hatten will jointly explore and develop business opportunities in key areas such as Cloud Computing, Virtual World solutions, Digital Entertainment, Data Centres, Renewable Energy, Fintech Infrastructure, among others
- The partnership is a testament of Hatten's ongoing efforts and commitment in its strategic pivot and it will be another important catalyst to accelerate its digital and blockchain business ventures
- Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions
- Through this partnership, Hatten will focus on the joint development of eco-friendly data centres in Melaka to support Hatten's ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region
- Both companies will also endeavor to develop large scale solar facilities and other renewable energy opportunities in the region that will be managed by the Group
Under the CCA, both companies will jointly explore and develop opportunities in cloud computing and enterprise intelligence, renewable energy, data centres, fintech infrastructure in Melaka and the region by utilising their respective capabilities in technology, operational resources and business networks.
Due to the fast-paced digital transformation and impact of the pandemic, Southeast Asia has seen phenomenal growth in digital entertainment, including the gaming and esports sector of which the Malaysian gaming market alone is expected to show an annual growth rate (CAGR 2021-2026) of 9.60%, resulting in a projected market volume of US$676m by 2026. Tapping on the high growth and profitability potentials of the digital entertainment industry, Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions. Currently, HUAWEI CLOUD is one of the world's fastest growing major cloud service provider.
Likewise in the cloud computing sector, the Southeast Asian cloud market is expected to reach US$40.32 billion by 2025. The Hatten-Huawei partnership will also focus on the joint development of eco-friendly data centres in Melaka to support Hatten's ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region.
In addition, both companies aim to work on potential opportunities of large-scale solar facilities in the region, thereby augmenting the Group's sustainability efforts. As a start, Hatten's first PV project of installing over 6,000 solar panels on the roof of the largest mall in Melaka, Dataran Pahlawan Melaka Megamall, in 2022, will be equipped by Huawei's smart inverters.
The Company has substantial hospitality and commercial property businesses and assets in Melaka, a UNESCO World Heritage Site which is a major tourist attraction in Southeast Asia. Hatten has recently had undertaken a major strategic review to re-purpose its malls and to pivot its business model towards blockchain-related and digital economy trends as well as opportunities in digital assets.
Hatten's digital opportunities include building "Virtual" world, starting with a digital twin city of Melaka ("Digital Melaka"), which will contain NFTs, tokens and other digital assets using blockchain and initiatives. HUAWEI CLOUD will endeavour to support Hatten's strategies and initiatives in blockchain, NFT, 'green' and 'clean' digital assets, custodian services and other digital asset creation and monetisation activities by providing its latest research and innovations on industrial-grade infrastructure architecture designed for financial institutions.
With the partnership targeted towards the regional markets, there are strong opportunities to leverage on both Huawei and Hatten's business networks to harness the emerging trends and business opportunities in Asia's digital economy.
Dato' Colin Tan, Executive Chairman and Managing Director of Hatten, said: "The Huawei-Hatten partnership is a strong and uniquely complimentary combination. Huawei's expertise in innovation, technology and complex digital product integrations, and Hatten's established track record and business network in Malaysia and the region will allow us to build the next generation of cloud solutions, digital platforms and renewable energy solutions.
Together, working as one team, we aim to unlock the full potential of digital transformations and business opportunities within the new digital economies in Asia."
"HUAWEI CLOUD is excited to be working with Hatten to support its digital related ventures. We believe our technology and innovation will help with the multifaceted needs Hatten has for its strategic pivot," says Rex Lei, Managing Director of HUAWEI CLOUD Singapore.
About Hatten Land Limited
Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.
Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.
For more information, visit: www.hattenland.com.sg
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
Highlights:
- Utilising their respective capabilities in technology, operational resources and business networks, Huawei and Hatten will jointly explore and develop business opportunities in key areas such as Cloud Computing, Virtual World solutions, Digital Entertainment, Data Centres, Renewable Energy, Fintech Infrastructure, among others
- The partnership is a testament of Hatten's ongoing efforts and commitment in its strategic pivot and it will be another important catalyst to accelerate its digital and blockchain business ventures
- Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions
- Through this partnership, Hatten will focus on the joint development of eco-friendly data centres in Melaka to support Hatten's ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region
- Both companies will also endeavor to develop large scale solar facilities and other renewable energy opportunities in the region that will be managed by the Group
Under the CCA, both companies will jointly explore and develop opportunities in cloud computing and enterprise intelligence, renewable energy, data centres, fintech infrastructure in Melaka and the region by utilising their respective capabilities in technology, operational resources and business networks.
Due to the fast-paced digital transformation and impact of the pandemic, Southeast Asia has seen phenomenal growth in digital entertainment, including the gaming and esports sector of which the Malaysian gaming market alone is expected to show an annual growth rate (CAGR 2021-2026) of 9.60%, resulting in a projected market volume of US$676m by 2026. Tapping on the high growth and profitability potentials of the digital entertainment industry, Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions. Currently, HUAWEI CLOUD is one of the world's fastest growing major cloud service provider.
Likewise in the cloud computing sector, the Southeast Asian cloud market is expected to reach US$40.32 billion by 2025. The Hatten-Huawei partnership will also focus on the joint development of eco-friendly data centres in Melaka to support Hatten's ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region.
In addition, both companies aim to work on potential opportunities of large-scale solar facilities in the region, thereby augmenting the Group's sustainability efforts. As a start, Hatten's first PV project of installing over 6,000 solar panels on the roof of the largest mall in Melaka, Dataran Pahlawan Melaka Megamall, in 2022, will be equipped by Huawei's smart inverters.
The Company has substantial hospitality and commercial property businesses and assets in Melaka, a UNESCO World Heritage Site which is a major tourist attraction in Southeast Asia. Hatten has recently had undertaken a major strategic review to re-purpose its malls and to pivot its business model towards blockchain-related and digital economy trends as well as opportunities in digital assets.
Hatten's digital opportunities include building "Virtual" world, starting with a digital twin city of Melaka ("Digital Melaka"), which will contain NFTs, tokens and other digital assets using blockchain and initiatives. HUAWEI CLOUD will endeavour to support Hatten's strategies and initiatives in blockchain, NFT, 'green' and 'clean' digital assets, custodian services and other digital asset creation and monetisation activities by providing its latest research and innovations on industrial-grade infrastructure architecture designed for financial institutions.
With the partnership targeted towards the regional markets, there are strong opportunities to leverage on both Huawei and Hatten's business networks to harness the emerging trends and business opportunities in Asia's digital economy.
Dato' Colin Tan, Executive Chairman and Managing Director of Hatten, said: "The Huawei-Hatten partnership is a strong and uniquely complimentary combination. Huawei's expertise in innovation, technology and complex digital product integrations, and Hatten's established track record and business network in Malaysia and the region will allow us to build the next generation of cloud solutions, digital platforms and renewable energy solutions.
Together, working as one team, we aim to unlock the full potential of digital transformations and business opportunities within the new digital economies in Asia."
"HUAWEI CLOUD is excited to be working with Hatten to support its digital related ventures. We believe our technology and innovation will help with the multifaceted needs Hatten has for its strategic pivot," says Rex Lei, Managing Director of HUAWEI CLOUD Singapore.
About Hatten Land Limited
Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.
Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.
For more information, visit: www.hattenland.com.sg
Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com Via JCN Newswire https://ift.tt/3tXPATt
Hatten Land Signs Comprehensive Collaboration Agreement with Huawei
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Highlights:
- Utilising their respective capabilities in technology, operational resources and business networks, Huawei and Hatten will jointly explore and develop business opportunities in key areas such as Cloud Computing, Virtual World solutions, Digital Entertainment, Data Centres, Renewable Energy, Fintech Infrastructure, among others
- The partnership is a testament of Hatten's ongoing efforts and commitment in its strategic pivot and it will be another important catalyst to accelerate its digital and blockchain business ventures
- Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions
- Through this partnership, Hatten will focus on the joint development of eco-friendly data centres in Melaka to support Hatten's ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region
- Both companies will also endeavor to develop large scale solar facilities and other renewable energy opportunities in the region that will be managed by the Group
Under the CCA, both companies will jointly explore and develop opportunities in cloud computing and enterprise intelligence, renewable energy, data centres, fintech infrastructure in Melaka and the region by utilising their respective capabilities in technology, operational resources and business networks.
Due to the fast-paced digital transformation and impact of the pandemic, Southeast Asia has seen phenomenal growth in digital entertainment, including the gaming and esports sector of which the Malaysian gaming market alone is expected to show an annual growth rate (CAGR 2021-2026) of 9.60%, resulting in a projected market volume of US$676m by 2026. Tapping on the high growth and profitability potentials of the digital entertainment industry, Huawei endeavours to share its world-class expertise and cutting-edge technology in cloud and enterprise intelligence with Hatten to co-design and co-market innovative cloud products and services, including gaming cloud solutions. Currently, HUAWEI CLOUD is one of the world's fastest growing major cloud service provider.
Likewise in the cloud computing sector, the Southeast Asian cloud market is expected to reach US$40.32 billion by 2025. The Hatten-Huawei partnership will also focus on the joint development of eco-friendly data centres in Melaka to support Hatten's ongoing digital initiatives and cater to the surging demand of data centres from cloud service providers in the region.
In addition, both companies aim to work on potential opportunities of large-scale solar facilities in the region, thereby augmenting the Group's sustainability efforts. As a start, Hatten's first PV project of installing over 6,000 solar panels on the roof of the largest mall in Melaka, Dataran Pahlawan Melaka Megamall, in 2022, will be equipped by Huawei's smart inverters.
The Company has substantial hospitality and commercial property businesses and assets in Melaka, a UNESCO World Heritage Site which is a major tourist attraction in Southeast Asia. Hatten has recently had undertaken a major strategic review to re-purpose its malls and to pivot its business model towards blockchain-related and digital economy trends as well as opportunities in digital assets.
Hatten's digital opportunities include building "Virtual" world, starting with a digital twin city of Melaka ("Digital Melaka"), which will contain NFTs, tokens and other digital assets using blockchain and initiatives. HUAWEI CLOUD will endeavour to support Hatten's strategies and initiatives in blockchain, NFT, 'green' and 'clean' digital assets, custodian services and other digital asset creation and monetisation activities by providing its latest research and innovations on industrial-grade infrastructure architecture designed for financial institutions.
With the partnership targeted towards the regional markets, there are strong opportunities to leverage on both Huawei and Hatten's business networks to harness the emerging trends and business opportunities in Asia's digital economy.
Dato' Colin Tan, Executive Chairman and Managing Director of Hatten, said: "The Huawei-Hatten partnership is a strong and uniquely complimentary combination. Huawei's expertise in innovation, technology and complex digital product integrations, and Hatten's established track record and business network in Malaysia and the region will allow us to build the next generation of cloud solutions, digital platforms and renewable energy solutions.
Together, working as one team, we aim to unlock the full potential of digital transformations and business opportunities within the new digital economies in Asia."
"HUAWEI CLOUD is excited to be working with Hatten to support its digital related ventures. We believe our technology and innovation will help with the multifaceted needs Hatten has for its strategic pivot," says Rex Lei, Managing Director of HUAWEI CLOUD Singapore.
About Hatten Land Limited
Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.
Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited.
For more information, visit: www.hattenland.com.sg
Copyright 2021 ACN Newswire. All rights reserved. www.acnnewswire.com
source https://www.acnnewswire.com/press-release/english/72130/
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