New Delhi, India – September 25, 2024 – (SeaPRwire) – Today, Capital Revo is proud to announce the launch of its cutting-edge solutions to protect client data. Whether it’s the best forex broker in India or a top trading platform globally, protecting clients’ data is of utmost priority. In this digital age, where internet users are exposed to various threats and vulnerabilities, taking the right measures and investing in cutting-edge technology is essential for safeguarding their online information.
“By expanding the existing relationships with their strategic partners and focusing on improving their technological infrastructure, Capital Revo is proud to take the first step to ensure the protection of their clients’ data. We will continue to improve the experience their platform offers, making it safe for novice and expert traders to trade.” says the CEO of Capital Revo.
The Importance of Online Security for Trading Platforms
One of the major concerns that users have before joining a trading platform is online security. What if a hacker gains access to their personal or financial data? Such a situation can lead to a world of trouble, as the outsider can commit identity theft or financial crimes, creating further problems for the victim.
Evolving customer expectations continue to drive the need for efficient and secure solutions to meet the demands of the modern trading world. While data encryption remains a key favorite among the different forex platforms, network security, firewalls, audits, strong authentication methods, and software updates are also important in combating a security system’s constant vulnerabilities.
Enhancing Online Security and Technological Infrastructure by Making the Right Investments
Capital Revo understands the constant threat that looms on the internet. From dangerous malware to intrusions, modern investors face many risks on a daily basis.
Due to rising concerns among online traders, the company have decided to enhance their technological infrastructure by investing in cutting-edge solutions that encrypt their clients’ information. This demonstrates their commitment to data protection and their ability to listen to their audience.
Their modern security systems can recognize and mitigate threats before they impact their operations. They are able to keep up with the changing online landscape and modify their systems accordingly to ward off potential hackers.
Collaboration with an Online Security Company for Daily Protection
While several trading platforms, including Capital Revo, have invested in robust technological solutions, it’s important to understand that cybercriminals are constantly developing new methods to breach advanced security measures. This makes it even more pressing for trading platforms to continually monitor and defend against emerging threats.
Fortunately, their recent investments in cutting-edge technology and partnership with a reputable cybersecurity firm allow us to provide ongoing security support. Their experts will continuously monitor the platform and user accounts for vulnerabilities and suspicious activities, ensuring the protection of consumer data.
Capital Revo on Its Way to Becoming One of the Best Trading Platforms in India!
At Capital Revo, they aim to make trading easy and safe. Their intuitive dashboard, combined with the robust technological solutions they have invested in, makes us the best forex broker in India.
With Capital Revo, users don’t have to worry about online hackers trying to get their hands on users’ personal or financial information. Their state-of-the-art cloud systems ensure that users’ data remains protected at all times, giving you peace of mind while you plan users’ next short-term and long-term investment strategies.
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SOURCE: Capital Revo
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TEL AVIV, IL, Sept 25, 2024 - (ACN Newswire via SeaPRwire.com) - A2Z Cust2Mate Solutions Corp. ("A2Z") (NASDAQ:AZ)(FRA - WKN:A3CSQ), a global leader in innovative technology solutions, today announced it has signed global framework agreements with Nayax Capital, ("Nayax Capital"), whereby Nayax Capital will enable financing for the sale or lease of Cust2Mate smart carts enabled with Nayax’s complete solution.This announcement is further to the company’s press release on September 10, 2024 announcing the formation of a joint venture with Nayax Ltd. to mutually promote the sales of A2Z Cust2Mate’s smart cart solution integrated with Nayax’s payment solution for on-cart payments. The joint venture announcement can be read here.Under the terms of the framework agreements, Nayax Capital will enable retailers to pay or lease the Cust2Mate smart carts that are sold as part of a comprehensive solution, which includes Nayax’s payment, management and loyalty solution, in monthly installments. The framework agreements cover the A2Z Cust2Mate’s smart carts, charging solutions, and IT infrastructure upgrades, as needed, for customers around the world including Europe, North America and Latin America. Any financing extended is subject to individual terms and conditions and approval by Nayax Capital and is non-recourse to A2Z.Gadi Graus, CEO of A2Z, stated, “We have teamed up with Nayax Capital to help merchants grow by making it easier for retailers around the globe to adopt our smart cart solution. With a readily available financing option, approved retailers can move quickly to implement our smart carts and begin realizing tangible benefits to their operations and improve the shopping experience for their customers.”About A2Z Cust2Mate Solutions Corp.A2Z Cust2Mate Solutions Corp. brings innovation, ease, excitement and value to retailers and shoppers. The Company is transforming brick-and-mortar retail with innovative smart shopping cart solutions that digitize the in-store shopping experience. The proven-in-use, friendly, sensor rich, AI driven carts enhance customer satisfaction and loyalty, minimize shrinkage, optimize retailers' operations and enable new business models. The smart carts streamline in-store shopping by enabling in-cart scanning and payment, allowing users to bypass checkout lines while alleviating labor shortages. Retailers can optimize merchandising, store layouts and promotions from data-driven insights, while shoppers get real-time information and personalized offers, turning a necessary chore into a fun and rewarding experience.For more information on A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ)($AZ)(FRA - WKN:A3CSQ) and its subsidiary, Cust2mate Ltd., please visit, please visit www.cust2mate.com.Cautionary Statement Regarding Forward-looking StatementsMatters discussed in this press release may contain forward-looking statements that are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including whether the referenced patent will be granted. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the Company's filings on EDGAR and with the SEC. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. Forward-looking statements contained in this announcement are made as of this date, and the Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein.About NayaxNayax is a global commerce enablement, payments and loyalty platform designed to help merchants scale their business. Nayax offers a complete solution including localized cashless payment acceptance, management suite, and loyalty tools, enabling merchants to conduct commerce anywhere, at any time. As a global leader in serving unattended retail, Nayax has transformed into a comprehensive solution focused on our customers’ growth across multiple channels. As of June 30, 2024, Nayax has 11 global offices, approximately 1,100 employees, connections to more than 80 merchant acquirers and payment method integrations and is globally recognized as a payment facilitator. Nayax’s mission is to improve its customers’ revenue potential and operational efficiency. For more information, please visit www.nayax.com.Issued By: Swan Consultancy Sdn. Bhd. on behalf of A2Z Cust2mate Solutions Corp. and Nayax Ltd.For more information, please contact:Mandy TanEmail: m.tan@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
ANKARA, Turkey, Sept 25, 2024 - (ACN Newswire via SeaPRwire.com) - GEN Pharmaceuticals (GENIL.IS), a leading Turkish pharmaceutical company, has announced the positive results of its Phase 2 clinical trial evaluating the safety and efficacy of its investigational drug, GN-037 topical cream, in treating mild to moderate plaque psoriasis. The findings were presented at Amsterdam's European Academy of Dermatology and Venereology (EADV) 2024 Congress.GEN PharmaceuticalsGEN Pharmaceuticals Manufacturing FacilityThis multicenter, randomized, double-blind, placebo-controlled Phase 2 study involved 190 patients across 19 clinical centers in Türkiye. Patients were treated with GN-037, clobetasol 17-propionate, or placebo twice daily for four weeks, followed by an additional four-week observation period. The study demonstrated GN-037's statistically significant superiority in reducing psoriasis symptoms compared to placebo, positioning it as a promising new treatment option for psoriasis patients worldwide.Key Findings:The GN-037 Phase 2 trial met the primary endpoint: treatment success,defined as the percentage of patients with at least a 2-grade improvement in Investigator's Global Assessment (IGA) score and achieving an IGA score of 0 or 1.37.9% of patients treated with GN-037 achieved treatment success at week four compared to 9.1% in the placebo group (P=0.006).GN-037 demonstrated significant improvements in reducing erythema (57.6%, P=0.008), plaque elevation (72.7%, P=0.001), and scaling (80.3%, P=0.006) compared to placebo.31.8% of patients in the GN-037 group achieved at least a 75% reduction in PASI, compared to 6.1% in the placebo group (P=0.009).No new safety concerns emerged with similar treatment-emergent adverse events across all arms.Abidin Gülmüs, Chairman of GEN, stated: "We are thrilled to announce the positive results of our Phase 2 clinical trial. We believe GN-037 offers new hope for the global psoriasis community."Nadir Ulu, MD, PhD, Vice President of R&D, added: "Our Phase 2 trial results highlighted GN-037's potential to improve patient outcomes significantly, and it may provide a novel, well-tolerated treatment option for patients with mild to moderate plaque psoriasis."About GEN:Founded in 1998, GEN is Türkiye's leading speciality pharmaceutical company. It is focused on developing innovative therapies across multiple therapeutic areas, with significant R&D investments and a commitment to advancing global healthcare. GEN actively works in both in-licensing and out-licensing business models. GEN partners with leading global pharmaceutical companies to bring innovative therapies and rare solutions to communities in its countries. It also develops and produces highly demanded and competitive therapeutic products in its GMP-certified manufacturing facility to bring therapy solutions required in international markets.For more information, visit www.genilac.com.tr.For inquiries:Bulutay GÜNES, Head of Corporate Brand, b.gunes@genilac.comAli KETENCIOGLU, Investor Relations Manager, a.ketencioglu@genilac.comContact InformationBulutay GunesHead of Corporate Brandb.gunes@genilac.comAli KetenciogluInvestor Relations Managera.ketencioglu@genilac.comSOURCE: GEN Pharmaceuticals Copyright 2024 ACN Newswire via SeaPRwire.com.
SELANGOR, Malaysia, Sept 25, 2024 - (ACN Newswire via SeaPRwire.com) - OSK Property is excited to announce its partnership with PeopleUp, a leading multi-enrichment and play group founded in 2018 in Singapore. Together, they will introduce a brand-new regional play brand to Atria Shopping Gallery in Petaling Jaya, marking PeopleUp’s FIRST expansion beyond Singapore. This groundbreaking entertainment hub will cater to families and kids, creating a one-stop destination for fun, learning, and holistic family experiences.1. Ong Ju Xing, Deputy Group Managing Director, OSK Holdings Berhad2. Samantha Lew Pey Shin, General Manager, Group Retail Leasing, OSK Property Investment3. Chris Tan Wei Quan, Chief Executive Officer, PeopleUp4. Loh Wai Keong, Managing Director & Chief Executive Officer, Greenwillow Capital Management[L-R]The signing ceremony took place at Atria Shopping Gallery and the agreement was executed between OSK Property Investment, Group Retail Leasing General Manager Samantha Lew Pey Shin and PeopleUp Singapore Chief Executive Officer Chris Tan Wei Quan. The event was witnessed by OSK Group Deputy Group Managing Director Ong Ju Xing and Greenwillow Capital Management Managing Director Loh Wai Keong.PeopleUp has successfully set its footprint in Malaysia, thanks to its regional strategic partners, Arkwood Trustee (M) Berhad and Greenwillow Capital Management. These two companies are backed by key figures, Sunny Yeo, Chief Executive Officer and Managing Director of Arkwood Trustee, and Loh Wai Keong, Managing Director of Greenwillow.With over 16 thriving subsidiary brands in Singapore, PeopleUp has earned its reputation for delivering innovative, engaging, and memorable experiences for families. Its flagship brands, such as Bouncy Paradise - Asia’s largest inflatable playground - and Dinoland - Singapore’s first immersive and largest indoor dinosaur park with live forest, along with VroomTown, the first mega indoor drive-play city for kids, have welcomed over half a million visitors annually.Set to open in the first half of 2025, the new expansion will build upon this success, showcasing exciting, family-oriented concepts from Singapore and introducing new experiences tailored to the Malaysian market.OSK Property Investment Group Retail Leasing General Manager Samantha Lew said "At OSK Property, we are committed to curating spaces that bring value and excitement to the community. Partnering with PeopleUp is an exciting step forward in transforming Atria Shopping Gallery into a choice destination for families. This new play concept will enhance the mall’s position as a leading family-friendly venue, attracting visitors from across the region."Chris Tan Wei Quan, Chief Executive Officer of PeopleUp Singapore, expressed his enthusiasm for the expansion: "We are thrilled to bring our unique, holistic approach of family entertainment to Malaysia. The collaboration with OSK Property allows us to share our vision and passion for innovative play and enrichment with a wider audience. We are confident that this flagship will resonate with families and set a new benchmark for family entertainment in the region."Anchoring over 60,000 square feet within Atria Shopping Gallery, PeopleUp will see the creation of an exciting new flagship family destination that encapsulates a wide array of fun, entertainment, and learning experiences. The flagship will bring together six key areas designed to cater to every type of play:Kids & Toddler Play: A safe and engaging environment for younger children to explore.Sports Play: Promoting active play and physical fitness through dynamic sports activities.E-gaming and Immersive Play: Combining cutting-edge technology with play for a thrilling digital experience.Sky Play: Adventure high above the ground with elevated play areas.Water Park: A fun-filled aquatic adventure for families.Special Experiences: Unique, curated experiences that will surprise and delight visitors.In addition to these fresh and exciting concepts, PeopleUp will also introduce its popular Singapore-based attractions to Atria Shopping Gallery, tailoring them to fit the tastes and preferences of the local market.These zones will offer an all-encompassing mix of physical, mental, and sensory experiences for children of all ages, the new flagship destination will set a new standard for family entertainment in Malaysia.OSK Property’s strategic partnership with PeopleUp is a testament to the growing demand for family-centric leisure destinations in Malaysia. By combining PeopleUp's award-winning concepts with OSK Property’s vision, Atria Shopping Gallery hopes to become the top destination for families seeking fun and enriching experiences.For more information, please visit Atria Shopping Gallery’s website at www.atria.com.my and PeopleUp Singapore's website at www.peopleup.com.sg About Atria Shopping GalleryAtria Shopping Gallery is a transformation of yesterday’s beloved iconic mall in Petaling Jaya to cater to today’s more sophisticated and discerning tastes. The Shopping Gallery’s beautiful interior is inspired by the natural beauty and exquisite forms found in our tropical rainforest, creating a sense of natural opulence and an ambience that is warm and welcoming. Atria strives to offer shoppers a total experience and has in place tenants, activities and an environment that we hope will leave our shoppers feeling relaxed, inspired and enriched.About the Developer – OSK PropertyOSK Property is the property arm of the OSK Group which is a public listed company in Malaysia with an asset size over RM 10 billion. OSK Property is one of Malaysia’s leading property groups that has completed and delivered more than 50,000 properties across Malaysia and Australia. With a diverse portfolio that spans residential, commercial, hospitality, industrial and mixed-use developments, OSK Property is committed to delivering innovative and engaging spaces that enhances the way of life of communities.With each project, OSK Property continues to seek and prioritize its sustainability strategy incorporating the integration of sustainable design features, minimizing our environmental footprint by incorporating advanced technologies and infusing the natural elements such as shadow play and wind flow, and utilizing environmentally friendly materials to ensure the overall health and well-being of occupants. For further information, visit OSK Property’s website at www.oskproperty.com.myIssued By: Swan Consultancy Sdn. Bhd. on behalf of OSK PropertyFor more information, please contact:Jazzmin WanTel: +60 17-289 4110Email: j.wan@swanconsultancy.bizAsyraf HakimiTel: +60 11-23774173Email: a.hakimi@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
TOKYO, Sept 25, 2024 - (JCN Newswire via SeaPRwire.com) - Osaka Gas Co., Ltd. (Osaka Gas) and Mitsubishi Heavy Industries, Ltd. (MHI) today announced their agreement to implement CO2NNEX®, the city gas industry's first digital platform for visualizing traded carbon dioxide (CO2) at Expo 2025 Osaka, Kansai, Japan (the Expo). In addition to using this platform for e-methane, Osaka Gas and MHI will also pursue the possibility of expanding its application to carbon recycles fuel (e-fuel, SAF, Green LPG) in the future.On April 1, 2024, the private sector began to use clean gas certificates, which certifies the environmental value(Note1) of e-methane and biogas. As the same operation as non-fossil fuel certificates for electricity is proceeding for gas, a system is required to manage transactions and transfers of the environmental value of clean gas certificates. CO2NNEX® will be equipped with functions to manage e-methane attribute data (production volume, amount of CO2 and H2 used as raw materials, etc.), which is necessary for the social implementation of e-methane, and functions to manage and transfer the environmental value created by e-methane and biogas. The Japan Gas Association has indicated that further guidance will be provided to companies regarding the functions installed in this platform and proceed with implementation. (Figure 1)Figure 1: e-methane-related functions of CO2NNEXDuring the Expo, Osaka Gas will provide the guesthouses and other facilities with on-site-produced e-methane, natural gas adds a value of environmental value of e-methane or biogas. The platform will manage attributed data and the environmental value created during the production and use demonstration(Note2) of e-methane at the Expo site, as well as to transfer the environmental value of e-methane and biogas produced by city gas companies around Japan to Osaka Gas natural gas supplied to the Expo site, further contributing to the carbon neutrality of the Expo 2025. (Figure 2)Figure 2: Image of CO2NNEX implementation at the ExpoOsaka Gas aims to introduce e-methane, which accounts for 1% of the city gas it delivers, by 2030. As the value of e-methane and environmental value transactions will increase significantly in the future, MHI anticipates expanding the use of this platform, which can manage e-methane attribute data and manage and transfer environmental value. Introduction to the carbon recycling fuels other than e-methane (e-fuel, SAF, and Green LPG) is also under consideration, and as value of trade increase, a system for managing attribute data and managing and transferring environmental value is expected to become necessary. In addition to CCU(Note3) (CO2 utilization), such as carbon recycling fuel, CCS(Note4) (storage of CO2) is expected to be more widely used in the future and MHI is actively exploring the potential of expanding the application of the platform to manage CO2 distribution. Furthermore, it is also expected to expand to introduce this platform to Asian countries that are considering the introduction of e-methane and SAF. (Figure 3)Figure 3: Future potential expansion of the CO2NNEX platformThrough the development and commercialization of CO2NNEX®, Osaka Gas and MHI aim to promote the widespread usage of e-methane, contributing to achieving a carbon-neutral society.(1) This environmental value refers to the net zero emissions of CO2 from utilizing (combusting) e-methane, which is achieved through the carbon recycling by producing e-methane from captured CO2 emitted into or already existing in the atmosphere.(2) This e-methane production and utilization refers to the project of hydrogen supply chain development and demonstration in urban areas using e-methane produced from green hydrogen and biogas derived from kitchen waste. The project has been adopted as the FY2022 model development and demonstration project for the cost reduction in hydrogen supply utilizing the existing infrastructure.(3) CCU refers to Carbon dioxide Capture and Utilization.(4) CCS refers to Carbon dioxide Capture and Storage.About Osaka GasOsaka Gas aims to achieve net-zero emissions across its group under the Carbon Neutral Vision the company announced in 2021. Osaka Gas is developing technologies and services that drive the decarbonization of society. As a company serving customers for their life and business advancement, Osaka Gas is actively addressing climate change and other social challenges.About MHIMHI Group is actively involved in programs targeting the realization of a carbon neutral society. Building a CO2 ecosystem is central to its energy transition initiatives. As a global leader in CCUS, the company aims to accelerate this ecosystem development by seeking widespread adoption of related hardware as well as the CO2NNEX® digital platform.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.
LONDON, Sept 25, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi Rail’s digital asset management suite – powered by NVIDIA AI technology – launches today and is transforming the way transport operators run and maintain railways.The HMAX (Hyper Mobility Asset Expert) suite is an all-in-one digital asset management platform that providestransport operators with an array of AI-enhanced digital solutions to optimize trains, signaling and infrastructure management.Hitachi’s digital tools already use digital sensors to remotely monitor the health of assets and improve their performance. The HMAX platform offers a leap forward as live data collection is combined with powerful AI technologyto dramatically enhance the speed, ease and depth of analysis. Using the powerful insights offered by HMAX, operators can now more accurately predict, optimize and transform their services.Hitachi Rail is leveraging NVIDIA’s industrial AI platform and software tools, and Hitachi Digital’s AI Centre ofExcellence and software engineering expertise, to offer operators more advanced, innovative solutions. The HMAX digital platform’s “edge to cloud” architecture means Hitachi Rail’s customers will be able to remotely access theseinnovations all through a single portal, as well as at operational centers. The solutions are part of Hitachi’s vision to bring the power of AI into the world of Operational Technology, equipping frontline workers, engineers and operators with the powerful benefits of AI.The collaboration with NVIDIA incorporates the industrial-grade NVIDIA IGX platform with NVIDIA Holoscan sensor processing platform, allowing volumes of data to be processed at the ‘edge’ (on the trains or infrastructure) in real time, with only relevant information sent back to the operational control centers. This enables an unprecedented improvement in the speed that actionable insights reach transport operators, as previously it could take up to ten days for data to be processed in maintenance locations.Speaking at the company’s showcase at InnoTrans, Berlin, Hitachi Rail CEO, Giuseppe Marino, said:“At Hitachi Rail, we believe AI has immediate and very impactful applications that will make the railways run more efficiently. Our AI-enabled digital asset management is a solution for optimizing customers’ rail services and enhancing railway performance. We are delighted by our collaboration with NVIDIA, which will combine the power ofAI with advanced Hitachi Rail technologies to enhance railway outcomes for operators.”Yogesh Agrawal, Vice President of Data Center Business at NVIDIA, said:“The railway, a system strengthened by the first industrial revolution, is at the forefront of the latest paradigm shift toward a digital transformation with AI. Hitachi Rail’s HMAX solution, powered by NVIDIA IGX and Holoscan, will offerthe real-time computing capabilities needed to help boost the manageability, safety and availability of rail systems to meet the needs of operators and today’s travelers.”About NVIDIA IGXNVIDIA IGX is an edge AI platform that combines enterprise-level hardware, software and support. It is purpose-built for industrial and medical environments, delivering powerful AI compute, high-bandwidth sensor processing, enterprise security and functional safety.The Hitachi Digital AI Center of Excellence (COE) serves as a hub for Hitachi and its customers – providing a common AI infrastructure, governance, and technical and operational expertise. The COE’s knowledge and resourceswill be augmented by the NVIDIA collaboration.About Hitachi RailHitachi Rail is committed to driving the sustainable mobility transition and has a clear focus on partnering with customers to rethink mobility. Its mission is to help every passenger, customer and community enjoy the benefits of more connected, seamless and sustainable transport.With revenues of over €7bn and 24,000 employees across more than 50 countries, Hitachi Rail is a trusted partnerto the world’s best transport organisations. The company's reach is global, but the business is local - with successbuilt on developing local talent and investing in people and communities.Its international capabilities and expertise span every part of the urban, mainline and freight rail ecosystems – fromhigh quality manufacturing and maintenance of rolling stock to secure digital signaling, smart operations and payment systems. Copyright 2024 JCN Newswire via SeaPRwire.com.
BOYERTOWN, Pa., Sept 25, 2024 - (ACN Newswire via SeaPRwire.com) - Global Advanced Metals (GAM), a leading global producer of metallurgical products, is pleased to announce a new partnership with the U.S. Department of Defense (DOD) to re-establish defense-critical niobium oxide production. The project, supported by a $26.4 million award from the Manufacturing Capability Expansion and Investment Prioritization directorate, leverages GAM's existing tantalum production in Boyertown, Pennsylvania.GAM LogoThe DOD's capital contribution will accelerate the development of the United States' first niobium oxide production in over 30 years. Niobium oxide is a precursor to high-purity superalloys in advanced aircraft, rocket systems, and various other defense platforms. GAM's public-private partnership forms a key component of the DOD's ongoing efforts to solidify the U.S. aerospace and defense industrial base."GAM is proud to contribute to strengthening U.S. and allied capability by mitigating supply vulnerabilities previously exploitable by our adversaries," said GAM's CEO, Andrew O'Donovan. "Every opportunity to decrease adversarial influence over defense supply chains should be taken, and we are delighted that the DOD chose to support GAM in this endeavor.""Pennsylvania has built and powered our Nation for generations, so it's no surprise that workers in Berks County will soon produce critical minerals to make the aircraft, rocket systems, and other equipment our military needs to ensure our national security," said U.S. Senator Bob Casey (D-PA). "I advocated for our Commonwealth to tackle this critical mineral risk so that we can continue the proud tradition of supporting our warfighters and the Department of Defense as a whole.""As a former chemistry teacher and Air Force officer, I've been championing efforts on critical mineral supply chains and the importance of bringing related manufacturing back to the U.S. since I first arrived in Congress," said U.S. Congresswoman Chrissy Houlahan (D-PA). "So when I visited Global Advanced Metals (GAM) in Berks County last year, I was in awe of their state-of-the-art operations - I knew GAM and companies like them have the blueprint we need to reduce reliance on countries like China for critical minerals. I'm so thrilled to hear GAM is receiving a $26.4 million award for niobium processing and manufacturing of defense-critical materials! With this federal investment, more jobs in our community will be created and our national security will be strengthened."About GAMA leading conflict-free tantalum producer, GAM has exclusive rights to the world's largest industrial resources of tantalum ore located in Western Australia.GAM produces conflict-free tantalum powders and metallurgical products at its Pennsylvania, USA and Aizu, Japan plants for a range of industries including electronics, aerospace, automotive, medical and chemical processing.GAM's smelting facilities in Japan and the USA were first declared "Conflict-Free" in 2010 under the former EICC/GeSI Conflict-Free Sourcing Initiative (CFSI) audit program and continue to maintain their conformance to the current Responsible Minerals Assurance Process (RMAP) standard.Contact InformationKurt HabeckerSr. Marketing Managerkhabecker@globaladvancedmetals.com1 610-369-8220SOURCE: Global Advanced Metals Copyright 2024 ACN Newswire via SeaPRwire.com.
