Mazda Motor Corporation's production and sales results for August 2024 are summarized below.I. Production1. Domestic ProductionMazda's domestic production volume in August 2024 decreased 14.0% year on year due to decreased production of passenger vehicles.[Domestic production of key models in August 2024]CX-5:14,220 units(down 39.7% year on year)MAZDA3:7,748 units(up 43.9%)CX-90:6,406 units(down 0.0%)2. Overseas ProductionMazda's overseas production volume in August 2024 increased 18.8% year on year due to increased production of passenger vehicles.[Overseas production of key models in August 2024]CX-50:11,145 units(up 52.8% year on year)CX-30:10,570 units(up 3.5%)MAZDA2:6,219 units(up 94.2%)II. Domestic SalesMazda's domestic sales volume in August 2024 decreased 18.5% year on year due to decreased sales of passenger and commercial vehicles.Mazda's registered vehicle market share was 3.5% (down 0.8 points year on year), with a 2.2% share of the micro-mini segment (down 0.1 points) and a 3.0% total market share (down 0.6 points).[Domestic sales of key models in August 2024]MAZDA2:1,753 units(up 17.6% year on year)CX-5:1,709 units(down 19.4%)CX-30:1,170 units(down 10.1%)III. ExportsMazda's export volume in August 2024 decreased 15.3% year on year due to decreased shipments to North America, Europe, and Oceania.[Exports of key models in August 2024]CX-5:18,657 units(down 27.8% year on year)MAZDA3:8,668 units(up 31.5%)CX-90:6,519 units(down 11.6%)IV. Global SalesMazda's global sales volume in August 2024 increased 8.9% year on year due to increased sales in the U.S. and other regions.[Global sales of key models in August 2024]CX-5:30,881 units(up 6.1% year on year)CX-30:18,666 units(up 16.3%)MAZDA3:13,158 units(down 19.5%)For more information, visit: https://newsroom.mazda.com/en/publicity/release/2024/202409/240927b.html. Copyright 2024 JCN Newswire via SeaPRwire.com.
TOKYO, Sept 27, 2024 - (JCN Newswire via SeaPRwire.com) - Honda Motor Co., Ltd. today issued the company’s integrated report, the “Honda Report 2024,” and made it available on the company website.The annual Honda Report summarizes the medium- to long-term initiatives Honda pursues in order to enhance its future corporate value. This report also introduces Honda’s future vision of continuing to be the driving force to move people and society forward with “The Power of Dreams,” as well as the value proposition of Honda.By issuing the annual integrated report, Honda aims to offer its investors and all other stakeholders more information to deepen their understanding of Honda corporate activities, as well as to create more opportunities for interactive communications and increase the range of information for disclosure, through which Honda strives to further increase its corporate value.Key Changes from the Honda Report 2023Further enhancement of the “Value Creation Story” In the report, the future vision and actions Honda has been taking to fulfilling that vision are introduced as the “Value Creation Story.” By presenting strategies for realizing the vision along with specific actions, it was made clear how Honda is striving to realize the story told in this report.This year, a new section was added to the report to discuss strategies related to key functions in areas such as human resources and digitalization, which will become the foundation to support Honda business transformation. In this new section, initiatives Honda is taking to secure adequate human capital and make further advancement in digitalization are explained with more details.Moreover, the “Value Creation Process,” a conceptual diagram that explains the Value Creation Story, was updated from last year’s report to make it easier for readers to visualize how the “input (invested resources)” connects to the “outcome (the vision).”Disclosure of the roadmap for environmental strategyThis year, Honda newly disclosed a roadmap toward the “realization of carbon neutrality for all products and corporate activities Honda is involved in by 2050.” The roadmap summarizes initiatives and measures Honda has been and will be taking to realize a society with zero environmental impact. Introduction of key milestones and sports activities that represent the Challenging Spirit and expanse of dreamsLast year, Honda celebrated the 75th anniversary of the founding. The newly added “Topics” section of the report introduces the history of challenges taken on by Honda to date. As initiatives that embody the Honda Challenging Spirit, a constant since the founding of the company, this new section features Honda motorsports activities, which marked the 60th anniversary of F1 participation, as well as corporate sports activities, through which Honda supports athletes who take on challenges. Copyright 2024 JCN Newswire via SeaPRwire.com.
TOKYO, Sept 27, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi, Ltd. won the Regional Best in Class Award(1) in the Customer Success category at the "2024 Oracle Partner Awards(2)", becoming the first company from Japan(3) to win this accolade. This award is given to the best-of-the-best vendor within Oracle's global partner ecosystem, and it recognizes Hitachi's accomplishment in earning high customer satisfaction and customer success from cloud journey services or cloud technology platform adoption.Left: Leah Yomtovian of Oracle, Hajime Hirose of HitachiRight: Toshimitsu Misawa of Oracle Japan, Hajime Hirose of Hitachi, Morikazu Sano of Oracle JapanHitachi earned this recognition for its development of a company-wide data utilization platform on Oracle Cloud Infrastructure (OCI) for Mizuho Leasing Company, Limited ("Mizuho Leasing") as part of the customer's digital transformation (DX) initiative. In just three months, Hitachi has successfully built a data utilization platform that extracts and analyzes large amount of data from Mizuho Leasing's multiple core systems, without impacting the performance of the existing systems. By combining its experience in building and operating on-premises mission-critical systems with its cloud computing expertise, Hitachi was able to rapidly develop the platform. Additionally, Hitachi's engineering capability was pivotal in stabilizing Mizuho Leasing's IT services, resulting in a high level of customer satisfaction. Following the success of this project, Mizuho Leasing expects Hitachi to continue provide excellent support on the integration of OCI and Azure.Leveraging its 30-year collaboration with Oracle, as well as its experience in supporting mission-critical systems and building and operating cloud environments, Hitachi has been at the forefront of providing technical services in Japan since the launch of OCI in the country in 2019. Hitachi has been providing a wide range of services to customers, such as migrating on-premises Oracle Databases to Oracle Exadata on OCI and building data utilization platforms on OCI. In this award-winning project with Mizuho Leasing, Hitachi deployed a team of platform engineers with expertise in database and cloud in both OCI and Microsoft Azure environments to handle the critical system integration, resulting in the successful and timely construction of a complex data utilization platform.For additional information on the Oracle 2024 Partner Awards, please visit: https://www.oracle.com/partner/awards/.(1) Given to the most outstanding regional partner selected from 2024 Oracle Regional Award winners(2) Awarded to partners across the Oracle partner ecosystem of system integrators, ISVs, technology providers, and cloud/managed service providers worldwide who innovate, realize business impact, and drive customer success(3) According to ORACLE CORPORATION JAPANRelated Links: 2024 Oracle Partner AwardsHitachi Cloud: OCI (Japanese only)About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company's revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.About Oracle PartnerNetworkOracle PartnerNetwork (OPN) is Oracle's partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; Industry Healthcare for partners that provide commercially available products and/or services built with Oracle Cloud and Oracle Health technologies; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork Copyright 2024 JCN Newswire via SeaPRwire.com.
Mr. Wei Aiguo, Managing Director (Right),Mr. Derek Lai, Deputy Managing Director (Left)HONG KONG, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its interim results for the six months ended 31st August 2024 (“1HFY2024/25” or the “Reporting Period”).During the Reporting Period, the Group’s revenue increased by 9.9% year-on-year to HK$860.3 million. The increase was attributable to the growth in interest income, driven by various marketing programs implemented in 1HFY2024/25 that successfully sustained sales growth despite the slow economic recovery. With the cost-to-income ratio decreasing to 47.0% from 48.0% in 1HFY2023/24 due to enhanced operational efficiency, the Group recorded an operating profit before impairment losses and impairment allowances of HK$426.0 million for the Reporting Period, representing an increase of 11.7% from 1HFY2023/24. Profit after tax was HK$170.4 million (1HFY2023/24: HK$191.4 million). The decrease in profit after tax was due to the increase in impairment losses and impairment allowances as a result of the rise in credit defaults and weakened economic indicators.The Board has resolved to declare an interim dividend of 24.0HK cents per share (1HFY2023/24: 24.0 HK cents per share), representing a dividend payout ratio of 59.0%.To cope with the slower than expected economic recovery and other headwinds, the Group took timely measures during the Reporting Period to sustain the increase in both sales and receivables, while making significant efforts to enhance its risk-based pricing mechanism to maximize the return from its credit card and personal loan portfolios, and utilized an effective credit risk management mechanism to reduce the likelihood of credit impairment.The Group achieved an overall increase in sales of 10.6% in 1HFY2024/25 compared with the first half of the previous year, and the gross advances and receivables balance continued to record an increase of 3.8% from the end of February 2024.With regard to marketing, the Group utilized targeted marketing and attractive promotions to better promote the competitive edge of its carefully devised products and services to the intended customers. Meanwhile, in order to diversify its branch network and meet customers’ growing demand for face-to-face advisory services, the Group continued to revamp and expand its branch network, including the opening of the new Shatin branch in June 2024 with a dedicated insurance consultation counter.To further strengthen its technological foundation, the Group has successfully relocated its core data center to Tseung Kwan O, with its infrastructure ranked top tier in terms of uptime guarantee, fault tolerance and competitive service cost. The new data center is located in a building purposely designed to meet internationally recognized green building certification standards, demonstrating the Group’s commitment to integrating sustainability into its business operations.Looking ahead, the Group will seek receivable growth at reasonable yields while managing funding expenses to increase net interest income. Flexible marketing strategies will also be adopted to broaden the customer base and service channels, leveraging on systems to boost service quality and operational efficiency. In addition, the Group will endeavour to diversify revenue streams by cultivating fee-generating transactions and insurance intermediary businesses.As credit conditions are expected to remain challenging, the Group will closely monitor the effectiveness of credit assessment and credit management improvement, as well as achieve better maturity matching, to minimize credit and liquidity risks.Regarding digitalization of operations, the Group will continue to enhance its call center platform and provide responsive customer interaction. Data analytics tools will also be further developed to heighten the effectiveness of marketing, credit assessment and credit management activities.To enhance credit card services, the upcoming introduction of the virtual credit card functionality within the “AEON HK” mobile application will provide customers with immediate purchasing capabilities right after card-approval and activation without the need for branch visits.Besides, in response to evolving consumer preferences and payment technologies, a new credit card design will be launched on 30 September 2024 to offer customers a more convenient and premium payment experience. The redesign addresses growing demand for contactless payment and uses recycled plastics, embodying the Group’s commitment to innovation and sustainability.Mr. Wei Aiguo, Managing Director of AEON Credit, said, “Despite the uncertainties in the macroeconomic environment, we will continue to devote resources to provide exceptional consumer finance services to meet evolving customers’ needs and to expand our customer base with innovative customized products. With our strong liquidity and balance sheet, as well as proven management expertise and capabilities, we are well positioned to take advantage of the opportunities in the consumer finance market to achieve better performance in the remainder of the year.”About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.For more information, please visit the company’s website at www.aeon.com.hk. Copyright 2024 ACN Newswire via SeaPRwire.com.
Investment Highlights:- Our vision is to become a pioneer in the construction industry and lead the direction and standards of industry development.- Our mission is to maintain the best performance in safety, health, environment and quality in the industry.- Our goal is to consolidate our market position, expand our market share, and seize growth opportunities in Hong Kong's construction industry.- With over 18 years of extensive experience in Hong Kong's civil and electrical engineering industries, Wing Lee has participated in sizeable infrastructure projects including the Third Runway Projects at the Hong Kong International Airport, a village sewerage project at Mui Wo in respect of road and drainage works, and electrical cable engineering works for the CLP Group. The Company is the largest power cabling and civil pipeline installation subcontractor in Hong Kong in 2023.- Highly experienced management team, includes the two founders who have more than 26 and 18 years of experience in the industry, respectively, and are responsible for the overall management, formulation of business strategies and development, as well as the Company’s environmental protection and sustainable development process.- Has its own workforce and abundant machinery and equipment, providing flexibility to undertake sizable infrastructure projects, reducing the reliance on subcontractors or suppliers and maintaining its competitiveness of pricing.- Imposes a stringent quality control and high safety standard and environmental impact control.- Grasps the trends of sustainable development in Hong Kong, started deploying solar PV system business as early as in 2019.- Distributor of electric construction machinery of China Wealth Hong Kong Machine Limited, a fellow subsidiary of SANY Heavy Industry Co., Ltd* (a company listed on the Shanghai Stock Exchange) and Sany Heavy Equipment International Holdings Company Limited (a company listed on the Hong Kong Stock Exchange)- For the year ended 31 March 2024, the Company’s revenue and net profit climbed year-on-year by 45.7% and 89.6%, respectively.HONG KONG, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Wing Lee Development Construction Holdings Limited (" Wing Lee " or " Company", together with its subsidiaries, the “Group”)), a new generation construction industry leader, announced today its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”).Wing Lee plans to offer 250,000,000 Shares (subject to the over-allotment option), of which, 90% are for placing (subject to reallocation and the over-allotment option), and the remaining 10% will be for public offer (subject to reallocation), with an offer price range of HK$0.57 to HK$0.73 per Share (subject to downward offer price adjustment where the offer price will be HK$0.513 per Share). Assuming an offer price of HK$0.65 per Share, being the mid-point of the offer price range, and after deducting the underwriting fees, commissions and estimated expenses in relation to the share offer, the net proceeds from the share offer is estimated to be approximately HK$130.5 million.The public offer will commence on 27 September 2024 (Friday) and end at noon on 4 October 2024 (Friday). The allotment results will be announced no later than 8 October 2024 (Tuesday). Trading of Wing Lee’ Shares will commence on 9 October 2024 (Wednesday) under the stock code of 09639. The shares will be traded in board lots of 5,000 shares each.Alliance Capital Partners Limited is the Sole Sponsor and Overall Coordinator of the share offer, while Alliance Capital Partners Limited, China Galaxy International Securities (Hong Kong) Co., Limited, CMBC Securities Company Limited, ABCI Capital Limited, Haitong International Securities Company Limited and China Industrial Securities International Capital Limited are the Joint Bookrunners. ABCI Securities Company Limited, Cinda International Capital Limited, Phillip Securities (Hong Kong) Limited, Futu Securities International (Hong Kong) Limited, ZMF Asset Management Limited, Gaoyu Securities Limited and Livermore Holdings Limited are the Joint Lead Managers. The Cornerstone Investors include Sany Hongkong Group Limited, Accel Group Holdings Limited and The Triplex Holdings Limited.BUSINESS OVERVIEWThe Group is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. With over 18 years of extensive experience in Hong Kong's civil and electrical engineering industries, the Group provides comprehensive and high-quality construction services. In terms of civil engineering works, the Group specializes in site formation works and road and drainage works. For electrical cable engineering works, the Group specializes in cable trenching, laying and jointing works. For solar PV system works, the Group specializes in design, installation and maintenance works of solar PV systems.For the three financial years ended 31 March 2024, the Group completed a total of 79 projects. In terms of site formation works, the Group has participated in sizeable infrastructure projects such as the Third Runway Projects at the Hong Kong International Airport. In respect of Road and drainage works, the Group was the main contractor of a department of Hong Kong Government for a village sewerage project at Mui Wo with a contract sum of approximately HK$99.1 million. As for electrical cable engineering works, the Group was one of the subcontractors for the CLP Group, providing zonal cable trenching, laying and jointing works in the Sham Shui Po, Wong Tai Sin and Tsuen Wan zones. According to the industry report prepared by Frost & Sullivan Limited, the Group is the largest power cabling and civil pipeline installation subcontractor in Hong Kong in 2023 with the market share of approximately 13.6% based on its revenue for FY2023/24. As at 31 July 2024, the Company currently has 27 projects in progress and its value of backlog amounts to approximately HK$815.5 million.Development and StrengthsWith the Hong Kong government deploying for and investing in site formation and infrastructure projects in the proposed Northern Metropolis Development, the Hong Kong-Shenzhen Innovation and Technology Park, and the Hung Shui Kiu/Ha Tsuen New Development Area, civil engineering market demand is expected to keep growing. Wing Lee has high hopes to stand out in the fierce market competition, be able to fully grasp the huge business opportunities in the developing industry, and in turn see its business revenue grow rapidly.For combating climate change and achieving carbon neutrality, the Hong Kong government launched the Hong Kong’s Climate Action Plan 2050, setting out the vision of “Zero-carbon Emissions • Liveable City • Sustainable Development”. In addition, the Development Bureau also established the Construction Innovation and Technology Fund (CITF) to support advanced construction technologies. Always staying abreast of Hong Kong’s development trend, the Group has been actively participating in finding energy efficiency solutions for the market. As early as in 2019, it started deploying its solar PV system business.Additionally, the Group has entered into a distribution agreement with China Wealth Hong Kong Machine Limited (“China Wealth”), a fellow subsidiary of SANY Heavy Industry Co., Ltd* (a company listed on the Shanghai Stock Exchange) and Sany Heavy Equipment International Holdings Company Limited (a company listed on the Hong Kong Stock Exchange). Furthermore, the electric machinery of China Wealth, such as electric loader and electric excavator, is on the pre-approved list of the Construction Innovation and Technology Fund (CITF) under the category of advanced tools and equipment. Thus, confident in electric machinery having opportunities to develop continuously, Wing Lee will purchase, invest in and deploy more of them for use in future projects.Wing Lee consistently emphasizes safety and is committed to promoting safety practice during the implementation of our projects. Over the past three fiscal years, the Company’s accident rates was lower than the industry average in Hong Kong. Additionally, Wing Lee will respond to the Hong Kong government's adoption of Smart Site Safety System (“4S”). The System can monitor activities and identify safety hazards, collect real-time data and send them to the centralized management platform for data analysis and issuing alert, offering workers assistance and protection any time plus a full picture of the safety situation on a construction site, for a project to be implemented more efficiently.One of the advantages of Wing Lee is its own strong workforce and machinery and equipment, giving it flexibility in allocating workers and machinery and equipment to handle projects of different sizes and complexity. Meanwhile, it also reduces the Company’s reliance on subcontractors or suppliers which would maintain its competitiveness of pricing.Wing Lee’s management team has extensive project experience and industry influence in theconstruction industries in Hong Kong. Among them, Mr. Yiu Wang Lee, Chairman, CEO, Executive Director, and co-founder, has over 26 years of experience in civil and electrical cable engineering industries; Mr. Yiu Wang Lung, an executive Director and one of our founders, has over 18 years of experience; Mr. Chan Lo Man, an executive Director, is primarily responsible for the day-to-day project management and day-to-day management of the operations of the Company. Mr. Chan has been responsible for overseeing the Company’s various major projects, including the projects with the CLP Group and the Third Runway Projects of the Hong Kong International Airport, among others; Ms. Tse Ka Wing has accumulated expertise with over 17 years of finance and accounting experience. The Company's three independent non-executive directors also bring rich industry experience. The Honorable Mr. Shang Hai Long is a member of the Legislative Council of the Hong Kong Special Administrative Region and serves as an advisor to several listed companies; Mr. Fu He has over 30 years of exceptional management experience in civil engineering, and held key positions in several listed companies; Mr. Leung Wai Hung has more than 20 years of extensive experience in multiple Hong Kong listed companies, including CK Hutchison Holdings Limited (Stock Code: 001).Financial PerformanceWing Lee has achieved a solid financial performance over the past three financial years. For the three financial years ended 31 March 2024, the revenue amounted to approximately HK$520.4 million, HK$361.2 million and HK$526.1 million, respectively. The net profit amounted to approximately HK$59.1 million, HK$40.6 million and HK$76.9 million, respectively. The gross profit margin increased from approximately 18.0% for the year ended 31 March 2022 to approximately 20.9% for the year ended 31 March 2023 to approximately 23.1% for the year ended 31 March 2024, while the net profit margin increased from approximately 11.3% for the years ended 31 March 2022 and approximately 11.2% for the year ended 31 March 2023 to approximately 14.6% for the year ended 31 March 2024.Mr. Yiu Wang Lee, Chairman, CEO, Executive Director, and co-founder of Wing Lee said: “The Group is committed to operating its business in a sustainable manner, making good use of resources and providing customers with quality and reliable services. We are fully aware that achieving long-term and sustainable development goals requires not only excellent business strategies, but also active promotion of environmental and social responsibility, talent development, and community feedback. We strive to achieve a balance and win-win situation among social, environmental, and economic aspects, thereby contributing to global sustainable development.”Use of ProceedsAssuming an offer price of HK$0.65 per offer share, which is the mid-point of the indicative offer price range, the Group expects to receive net proceeds of approximately HK$130.5 million, after deducting the underwriting fees and commissions and estimated expenses payable in connection with the Offering. The Group intends to use the proceeds from the Public Offering for the purposes and in the amounts set forth below:- Acquiring additional electric machinery and equipmentHK$58.7 million45%- Paying upfront costs for new projectsHK$45.7 million35%- Recruiting new staff membersHK$6.5 million5%- Procuring 4S and an enterprise resources planning systemHK$6.5 million5%- For our general working capitalHK$13.1 million10%Financial Highlights HK$ ’000For the year ended 31 March 202220232024Revenue520,351361,207526,099Gross Profit93,61375,533121,607Profit for the Year59,05540,56576,907Gross Profit Margin18.0%20.9%23.1%Net Profit Margin11.3%11.2%14.6% About Wing Lee Development Construction Holdings LimitedThe Group is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. With over 18 years of extensive experience in Hong Kong's civil and electrical engineering industries, the Group has participated in sizeable infrastructure projects such as the Third Runway Projects at the Hong Kong International Airport. The Group was also one of the subcontractors for the CLP Group, providing zonal cable trenching, laying and jointing works in the Sham Shui Po, Wong Tai Sin and Tsuen Wan zones. It was the main contractor of a department of Hong Kong government for a village sewerage project at Mui Wo with a contract sum of approximately HK$99.1 million. According to Frost & Sullivan Limited, Wing Lee is the largest power cabling and civil pipeline installation subcontractor in Hong Kong in 2023 with the market share of approximately 13.6% based on its revenue for FY2023/24. One of the advantages of Wing Lee is its own strong workforce and machinery and equipment, giving it flexibility in allocating workers and machinery and equipment to handle projects of different sizes and complexity.THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR TO ISSUE, OR A SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES (THE “SHARES”) OF WING LEE DEVELOPMENT CONSTRUCTION HOLDINGS LIMITED (THE “COMPANY”) IN ANY JURISDICTIONS IN WHICH SUCH OFFER, INVITATION, SUBSCRIPTION OR SOLICITATION OR SALE IS NOT PERMITTED. THIS PRESS RELEASE AND THE SHARES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS OF THE UNITED STATES, AND MAY NOT BE DISTRIBUTED OR OFFERED, SOLD OR DELIVERED, AS THE CASE MAY BE, IN THE UNITED STATES, OR TO, OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS, EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR IN ACCORDANCE WITH AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT. THE COMPANY HAS NOT AND DOES NOT INTEND TO REGISTER THE SHARES UNDER THE U.S. SECURITIES ACT OR MAKE ANY PUBLIC OFFER OF THE SHARES IN THE UNITED STATES. NO COPY OF THIS PRESS RELEASE (AND INFORMATION CONTAINED HEREIN) HAS BEEN OR SHOULD BE DISTRIBUTED OR SENT, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.THE PRICE OF THE SHARES MAY BE STABILIZED IN ACCORDANCE WITH THE SECURITIES AND FUTURES (PRICE STABILIZING) RULES (CHAPTER 571W OF THE LAWS OF HONG KONG) IN HONG KONG. THE DETAILS OF THE INTENDED STABILIZATION AND HOW IT WILL BE REGULATED UNDER THE SECURITIES AND FUTURES ORDINANCE (CHAPTER 571 OF THE LAWS OF HONG KONG) ARE CONTAINED IN THE PROSPECTUS OF THE COMPANY.THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS THAT STATE THE INTENTIONS, BELIEFS, EXPECTATIONS OR PREDICTIONS FOR THE FUTURE THAT ARE, BY THEIR NATURE, SUBJECT TO SIGNIFICANT RISKS AND UNCERTAINTIES AND THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. Copyright 2024 ACN Newswire via SeaPRwire.com.
TOKYO, Sept 27, 2024 - (JCN Newswire via SeaPRwire.com) - PETRONAS and Mitsubishi Corporation strengthen their 46-year long partnership through the signing of agreements, which further solidify the trust in PETRONAS’ capabilities to deliver Liquefied Natural Gas (LNG) to the international market primarily LNG customers in Japan.United by a vision for a cleaner and lower carbon future, this significant collaboration encompasses the commitment shared by both parties in ensuring energy security amidst market volatility driven by global disruptions such as geopolitical tensions, rising regional demands as well as changing consumption patterns. The signatories of the agreements were PETRONAS’ President and Group Chief Executive Officer Tan Sri Tengku Muhammad Taufik and Mitsubishi Corporation’s President and Chief Executive Officer Katsuya Nakanishi.The agreements outline investment from Mitsubishi Corporation into the Malaysia LNG (“MLNG”) Dua and MLNG Tiga for the next decade – the extension of its 10 per cent equity shareholding in MLNG Dua, and the reinvestment of a 10 per cent equity shareholding in MLNG Tiga, signifying its continued participation in the two ventures with associated marketing activities and deliveries of LNG from Bintulu to Japan. The cooperation has been built primarily on trust, demonstrating confidence in Malaysia’s robust economic landscape to attract foreign direct investment, particularly in Sarawak.Tan Sri Tengku Muhammad Taufik said, “Our relationship with Mitsubishi Corporation began with our first joint venture agreement in 1978 and we are therefore excited about strengthening our ties further, especially in the era of energy transition where LNG is the natural fuel alternative. I look forward to more exciting endeavours, as we leverage opportunities together and address challenges that will positively impact our organisations and nations.”Katsuya Nakanishi said, “Mitsubishi Corporation looks forward to providing continuous support in growing and nurturing access to global LNG market for PETRONAS’ future volumes with LNG being the fuel of choice in the age of energy transition. At the same time, we are excited to unlock further value through our collaboration with PETRONAS as well as with the Sarawak State Government, with whom we have achieved many historical milestones in Malaysia.”The PETRONAS LNG complex through partnerships and alongside Mitsubishi Corporation commenced LNG supply to long-term Japanese contract buyers since 1983. PETRONAS LNG Complex comprises four(4) joint ventures of MLNG, MLNG Dua, MLNG Tiga and PETRONAS LNG 9 with a production capacity of 29.3 Million Tonnes Per Annum (MTPA), making it one of the world’s largest LNG producer in a single location. PETRONAS LNG Complex has been a main LNG supplier, providing lower-carbon energy solutions to a diverse range of public and private sector customers in Japan. Besides its main business of natural gas in Malaysia, Mitsubishi Corporation has also participated in total of 10 gas upstream blocks in Sarawak and expanded its areas of investment in Malaysia to automobile, food, petrochemicals, metal and steel, bringing the company’s total investment amount into the country to approximately RM5 billion last year. Aerial view of the PETRONAS LNG Complex in Bintulu, SarawakSignatories at the Signing Ceremony of Definitive Agreements between Petroliam Nasional Bhd (PETRONAS), Mitsubishi Corporation, and Diamond Gas Holdings Sdn. Bhd. From left: Mr. Masaru Saito, Executive Vice President, Group CEO, Environmental Energy Group, Mitsubishi Corporation – Ms. Marina Md Taib, Senior Vice President Corporate Strategy, PETRONAS – Mr. Katsuya Nakanishi, President & CEO, Mitsubishi Corporation – Tan Sri Tengku Muhammad Taufik, President & Group CEO, PETRONAS – Mr. Gen KunihAbout Mitsubishi Corporation (MC)Mitsubishi Corporation (MC) is a global integrated business enterprise that develops and operates businesses together with its global network of around 1,800 group companies.MC has eight Business Groups that operate across virtually every industry: Environmental Energy, Materials Solution, Mineral Resources, Urban Development & Infrastructure, Mobility, Food Industry, Smart-Life Creation and Power Solution. Through these eight Business Groups, MC's current activities have expanded far beyond its traditional trading operations to include project development, production and manufacturing operations, working in collaboration with our trusted partners around the globe.With an unwavering commitment to conducting business with integrity and fairness, MC remains fully dedicated to growing its businesses while contributing to a prosperous society.Inquiry RecipientMitsubishi CorporationTelephone:+81-3-3210-2171 Copyright 2024 JCN Newswire via SeaPRwire.com.
South Korean IT Startup AI4Blockchain Inc., Founded in November 2020, Rebrands as OnD AI, Inc. and Shifts Focus to On-Device AI Solutions
Seoul, Korea – September 27, 2024 – (SeaPRwire) – Founded in November 2020, South Korean IT startup AI4Blockchain Inc. has rebranded itself as OnD AI, Inc., signaling a major strategic pivot towards on-device AI solutions as its new core business. This rebranding reflects the company’s commitment to becoming a leading player in the emerging on-device AI market, showcasing a bold new vision.
OnD AI, Inc. plans to pioneer innovative solutions in the on-device AI field under its new brand identity. The company’s first major project is the development of SafeC, an AI-powered dashcam that predicts traffic accidents, addressing the shortcomings and contradictions of traditional dashcams while enhancing user convenience. This product is set to debut at CES 2025, demonstrating OnD AI, Inc.’s vision of bringing practical AI solutions into everyday devices. This product will contribute in the society by increasing the quality of daily human life.
Amidst growing skepticism around the AI hype, OnD AI, Inc. seeks to position itself as a provider of practical and impactful AI solutions. OnD AI, Inc. believes in designing solution products after a thorough market and technical research. OnD AI, Inc. aims to integrate AI into familiar consumer electronics, to transform alleviate inconvenience and push conveniences to new levels.
OnD AI, Inc. is committed to expanding the practical application of AI by continuously introducing user-friendly products and solutions that demonstrate AI’s true potential. By focusing on the needs and experiences of real users, OnD AI, Inc. aims to redefine the role of AI in the tech industry, setting a new standard for innovation and establishing itself as a key player in the global AI market.
Media Contact
Company: OnD AI, Inc.
Contact: Yoonji Ha
Telephone: +82-10-4263-2151
Email: info@ondai.io
Website: www.ondai.io
Address: #604, 82, Anyangpangyo-ro, Uiwang-si, Gyeonggi-do, Republic of Korea
SOURCE: OnD AI, Inc.
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- TEC achieves 50,000 Members, reflecting its exceptional workspace solutions- Celebrating 30 years of innovation and excellence in the industry- TEC continues to enhance Member experiences through premium servicesHONG KONG, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - The Executive Centre (TEC), Asia’s leading premium flexible workspace provider, is proud to announce that it has signed up 50,000 Members within its global network of premium flexible workspaces, coinciding with the celebration of its 30th Anniversary. This extraordinary milestone not only marks a significant moment in the company's history but also underscores its enduring commitment to redefining the future of work.Since its inception in 1994, The Executive Centre has been at the forefront of the flexible workspace revolution, adapting to the changing dynamics of the modern workforce. The growth to 50,000 Members reflects the trust and loyalty of TEC’s diverse clientele – with 83% of its client portfolio being multinational companies (MNCs) and the balance being high-net-worth small and medium sized enterprises (SMEs) – all seeking the premium, versatile workspace solutions that TEC provides.“We are thrilled to welcome our 50,000th Member into The Executive Centre community,” said Paul Salnikow, Founder and CEO of The Executive Centre. “As we celebrate our 30th Anniversary, we remain committed to enhancing the Member experience, supporting our vibrant community, continuously growing with our Members and providing exceptional work environments that foster collaboration and innovation.”In the past three decades, The Executive Centre has grown to become one of the largest flexible workspace providers in Asia-Pacific, boasting an expansive portfolio of over 220 locations, generating USD 315 million in annual revenue, and an annual compounded growth rate of 18%.As TEC looks to the future, the company is well-positioned to maintain its leadership in the premium workspace sector. TEC is committed to delivering best-in-class services that empower Members to succeed while fostering a thriving community for innovation, connection, collaboration, and growth.About The Executive CentreThe Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 220+ Centres in 36 cities and 16 markets. It is the third largest serviced office business in Asia.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, South Asia, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business' needs.www.executivecentre.comPress EnquiriesFGS GlobalKitty LamKitty.Lam@fgsglobal.com / +852 6306 8851The Executive CentrePebble LeePebble_lee@executivecentre.com / +852 3951 9888 Copyright 2024 ACN Newswire via SeaPRwire.com.
New York and Tokyo, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and data consulting services company based in Tokyo, announced its Go IPO client, SBC Medical Group Holdings Inc. (“SBC”), has successfully commenced trading under the symbol “SBC” on the Nasdaq Global Market exchange. HeartCore was initially compensated through an aggregate $900,000 in initial fees and warrants to acquire 2.7% of SBC’s common stock, on a fully diluted basis, which equate to $17 million; in total, HeartCore generated $17.9 million in revenue from the SBC deal, with $17 million to be recognized in Q3 2024.As previously mentioned, of the $17.9 million, HeartCore sold $9 million worth of warrants to a Japanese financial institution during Q1 2024. The Company generated $5.64 million in net sales after paying a referral fee of $3.36 million to So Management Inc. for sourcing the lead. With SBC now publicly traded, HeartCore holds in total $8 million worth of SBC stock.Pursuant to the initial agreement, the Company assisted SBC throughout the listing process, including the audit and legal firm hiring process, translating requested documents into English, assisting in the preparation of documentation for internal controls required for an initial public offering, providing general support services, assisting in the preparation of the F-1 filing, and more.Additionally, HeartCore announced the following guidance range for Q3 2024:Revenue: $19 million-$23 millionNet Profit: $4 million-$8 million“The SBC Medical Group deal is our biggest Go IPO deal to date, amassing a gross total of $17.9 million in total top line revenue for HeartCore,” said CEO Sumitaka Kanno Yamamoto. “Our team played a vital role in fostering the go public process for our treasured client, and we are very much looking forward to the progress and continued success SBC will create as a publicly traded company on the Nasdaq.“Furthermore, we are very encouraged by our forecasted financials for Q3 2024, as HeartCore is slated to have its strongest quarter in corporate history. Relative to last year’s revenue for the first nine-months ended September 30, 2023, of $18.5 million, we anticipate generating between $28.1 million and $32.1 million in revenue for the nine months ended September 30, 2024, with a significant profit. We expect this year will be HeartCore’s strongest by far, and we continue to stay laser focused on providing value for our Go IPO clients, in addition to our enterprise software clients.”For more information, please contact:Mandy TanEmail: m.tan@swanconsultancy.biz Copyright 2024 ACN Newswire via SeaPRwire.com.
EAST LONGMEADOW, MA, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Fast Company, the world's leading business media brand, with an editorial focus on innovation in technology, leadership, world-changing ideas, creativity and design, has selected Excel Dryer, Inc., for the 2024 100 Best Workplaces for Innovators (BWFI) list, ranking the manufacturer at number 40 among 100 companies that foster a culture of innovation and creativity in their workplaces worldwide. In addition to this distinguished honor, Excel Dryer was also selected as one of 10 finalists in the BWFI category of General Excellence.William Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer, accepted the Fast Company "100 Best Workplaces for Innovators" award.BWFI honorees are selected from across industries, chosen for their investment in employees and a workplace that encourages experimentation and forward thinking. The General Excellence category, new in 2024, recognizes companies that have established strong innovation cultures that have yielded remarkable results."As the creators of the energy-efficient, high-speed hand dryer category, Excel Dryer is proud to be recognized for our ongoing commitment to fostering employee engagement, creativity and vision," said William Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer. "We invest heavily in research and development, adopting state-of-the-art technologies that empower our employees across departments."Examples of recent initiatives at Excel Dryer include:Renovation of the company's global headquarters, guided by the WELL (IWBI) Standards with an emphasis on biophilic design, physical and mental well-being, and sustainabilityIntegration of collaborative ‘Cobots' (robotics) into the manufacturing process, enhancing workplace efficiencyDepartment-wide adoption of Cascading Goals and Levels of Excellence principles, providing a structured approach to facilitating communication, encouraging engagement and aligning goals"We remain dedicated to advancing the industry while ensuring that everything we do reflects the company values of sustainability, efficiency, wellness and inclusivity," Gagnon said. "This holistic approach to innovation not only drives Excel forward but improves the quality of life for our employees and the communities we serve."About Excel Dryer, Inc.Excel Dryer is a family-owned and operated company that revolutionized the industry with the invention of the XLERATOR® Hand Dryer, which set a new standard for performance, reliability and customer satisfaction. For more than 50 years, Excel has been manufacturing American-made hand-drying solutions that are dependable, cost-effective, safe and sustainable. Backed by the best customer service, Excel Dryer products can be purchased through an established network of sales representatives and distributors globally. Learn more about Excel Dryer at exceldryer.com.Contact InformationSue SpiryMarket Mentorssspiry@marketmentors.com413-787-1133Related ImagesWilliam Gagnon, Executive Vice President & Chief Operating Officer at Excel Dryer, accepted the Fast Company "100 Best Workplaces for Innovators" award.SOURCE: Excel Dryer, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
SAN DIEGO, CA, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) has added Raymond Knops, Chairman of the Dutch Industry Foundation for Defence and Security (NIDV), and Thomas McSorley, General Counsel for NATO DIANA (Defence Innovation Accelerator for the North Atlantic), to a growing list of speakers and panelists on the agenda for the first-ever Blue Magic Netherlands (BMN) event being held on November 19, 2024. Other companies participating in GA-ASI's BMN event include Brainport Development, Brabant Development Agency (BOM), SPACENED, and Lockheed Martin Ventures."We're excited to launch this event in the Netherlands, which will bring together the best of Dutch industry and innovation," said Brad Lunn, Managing Director of Strategic Finance at GA-ASI. "We are already engaged with companies who have contacted us to pitch their capabilities for possible inclusion in Blue Magic and open up funding opportunities."Dutch businesses that would like to pitch their technology and capabilities at BMN 2024 are encouraged to register on the event website by no later than Oct. 28, 2024.Blue Magic Netherlands will be held in Eindhoven, a city known as a global technology hub. BMN will bring together Dutch startups, universities, government officials, aerospace leaders, and representatives from other high-tech industries, who will see technology advancements within the Dutch technology ecosystem and connect qualified partners with funding opportunities to support next-generation dual-use solutions.GA-ASI has organized several successful Blue Magic events in the past and is bringing that same concept to the Netherlands. Areas of focus for BMN 2024 will be artificial intelligence/machine learning, autonomy, advanced materials, sensors, advanced manufacturing, and space. GA-ASI delivered its MQ-9A Remotely Piloted Aircraft (RPA) to the Royal Netherlands Air Force (RNLAF) in 2021 and recently announced an increase in the total order of MQ-9As in its service to eight.About GA-ASIGeneral Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of General Atomics, is a leading designer and manufacturer of proven, reliable RPA systems, radars, and electro-optic and related mission systems, including the Predator® RPA series and the Lynx® Multi-mode Radar. With more than 8 million flight hours, GA-ASI provides long-endurance, mission-capable aircraft with integrated sensor and data link systems required to deliver persistent situational awareness. The company also produces a variety of sensor control/image analysis software, offers pilot training and support services, and develops meta-material antennas.For more information, visit www.ga-asi.com.Avenger, Lynx, Predator, SeaGuardian, and SkyGuardian are registered trademarks of General Atomics Aeronautical Systems, Inc.Contact Information:GA-ASI Media Relationsasi-mediarelations@ga-asi.comSOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2024 ACN Newswire via SeaPRwire.com.
LONDON, Sept 27, 2024 - (ACN Newswire via SeaPRwire.com) - Delivering a temperature-sensitive product like gelato presents a number of challenges, especially in a tropical climate, so Vilo Gelato partnered with Cloud Retail to take advantage of its quick commerce experience. Vilo Gelato's proprietary cold-delivery process coupled with Cloud Retail's quick-delivery software ensures each delivery arrives at the perfect temperature every time.Cloud RetailWith 35+ locations, Vilo Gelato has become a favourite among ice cream enthusiasts for its unique flavours and commitment to quality. Now, Vilo Gelato is poised to enhance its customer experience by providing a seamless online shopping platform."We are thrilled to be partnering with Cloud Retail to bring our gelato to a wider audience," said Vincent Kusuma, CEO of Vilo Gelato. "This collaboration allows us to offer a new level of convenience to our customers, especially as online shopping continues to grow in popularity. With Cloud Retail's robust eCommerce platform, we are confident that our customers will have an exceptional online purchasing experience."Cloud Retail is a user-friendly and reliable eCommerce platform that enables us to achieve this goal. We are confident that through this partnership, our customers will not only receive high-quality Vilo Gelato products but also enjoy an exceptional online shopping experience. This is a significant step forward in ensuring our products are easily accessible to customers wherever they are, be it in the office, home, party, school, social gathering, park, etc."We believe this collaboration is a testament to our commitment to continuous innovation and delivering the best to our customers, while also leveraging technological advancements to provide better service. Having Cloud Retail as our strategic partner, we are better equipped to meet the evolving market demands and offer a modern, secure, and enjoyable shopping experience."Paul Findel, VP of Sales at Cloud Retail, expressed enthusiasm for the partnership, "Vilo Gelato is an exciting brand in Indonesia, and we are thrilled to work with them to bring their eCommerce vision to life. Our end-to-end solution is designed to handle all aspects of online sales, from user-friendly storefronts to secure payment processing and efficient delivery logistics. Our extensive experience in the grocery space was a perfect match for Vilo Gelato as their temperature-sensitive product requires an error-free rapid delivery. We look forward to helping Vilo Gelato expand its presence in the digital space."About Vilo GelatoVilo Gelato is an aspiring Indonesian-made ice cream with flavour and taste inspiration from Indonesia and around the world. Currently, more than 75 flavours are available to bring joy and happiness to customers around Indonesia. Visit https://www.vilo.id/.About Cloud RetailCloud Retail is an all-in-one eCommerce platform combining all the services you need in one tool, eliminating the need for multiple systems, improving efficiency, and lowering operating costs. Visit www.thecloudretail.com.Contact InformationMark RicksHead of Marketingmark.ricks@thecloudretail.comSOURCE: Cloud Retail Copyright 2024 ACN Newswire via SeaPRwire.com.
Seoul, Korea – September 27, 2024 – (SeaPRwire) – REMO (https://www.remo.re.kr), an AI healthcare startup led by CEO Eun-Kyung Bae, announced on the 26th that it has successfully secured its first seed investment from startup-focused investors, including CNT Tech.
REMO is a healthcare tech company composed of experts in rehabilitation engineering and AI. The company possesses top-tier AI technology for markerless 3D human motion analysis using a single video. Notably, REMO’s technology achieves high accuracy by using general cameras instead of depth cameras, rivaling the high-performance motion analysis equipment from Vicon, a global standard in the field. The technology offers not only cost efficiency and ease of use but also versatility, allowing integration with various hardware that comes with built-in cameras.
REMO’s AI-powered 3D body shape analyzer, ‘FineFit,’ is available in kiosk and tablet forms. It uses a general camera to easily capture front and side photos to measure nine types of body imbalances, such as forward head posture, rounded shoulders, anterior-posterior tilt and imbalance, head and pelvic tilt, shoulder height difference, knee alignment, and O/X leg conditions. Premium services include body size analysis that measures waist, hip, thigh circumference, arm and leg length, physical function evaluation through video analysis, and future body shape prediction powered by generative AI technology.
‘REMOBody-S’, also developed using REMO’s AI technology, is a markerless 3D gait and motion analyzer. By capturing a simple walking video on a treadmill with a general camera, it conducts a gait ability test (speed, lateral balance, joint angles, gait variables, etc.) to provide customized services for patients. It has received Class 1 medical device certification in South Korea and is utilized as an auxiliary tool in diagnosing age-related and musculoskeletal diseases (such as stroke, dementia, Parkinson’s disease, and cognitive impairment) in orthopedics and rehabilitation medicine.
Beyond its flagship products, ‘FineFit’ and ‘REMOBody-S’, REMO has launched a website for its AI 3D motion analysis API service, actively promoting API sales to domestic and international buyers. By purchasing REMO’s AI 3D motion analysis API service, other companies’ hardware or software products can incorporate REMO’s 3D body shape, gait, and motion analysis (such as golf swing and pre-motion) functionalities. This offering has received positive feedback from healthcare industry stakeholders both in South Korea and abroad.
Leveraging this recent investment, REMO is enhancing its services in preparation for global expansion. Currently, ‘FineFit’ is in use at over 100 fitness centers nationwide, and ‘REMOBody-S’ is supplied to major hospitals and research institutes across the country. Additionally, REMO has recently gained recognition for its outstanding AI technology by participating in various healthcare expos both domestically and internationally, including ‘FIBO 2024’ in Germany, and is now accelerating its plans for global expansion into markets such as Taiwan, Singapore, and India.
Social Links
X: https://x.com/REMO_Inc
Instagram: https://www.instagram.com/finefit.ai
Facebook: https://www.facebook.com/finefiter
YouTube: https://www.youtube.com/@remoAIpro
Media Contact
Brand: REMO
Contact: Marketing Team
Email: Info@remo.re.kr
Website: https://www.remo.re.kr
SOURCE: REMO
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NANNING, Sept 26, 2024 - (ACN Newswire via SeaPRwire.com) - Electrolytic copper foil maker Londian Wason New Energy Tech Inc. ('Londian Wason'), a global leading innovation-driven researcher, developer and manufacturer of electrolytic copper foils, signed a Memorandum of Understanding ('MOU') with Asas Panorama Sdn Bhd ('APSB'), the master developer of the Malaysia-China Kuantan Industrial Park (the 'MCKIP') for the development of high-end copper foil project (the 'Project').The signing of the MOU marks Londian Wason to expand its business to the global market. Londian Wason intends to launch the Project in MCKIP to produce different types of electrolytic copper foil used in EV batteries as well as copper clad laminates ('CCL').The Malaysia-China Kuantan Industrial Park (the 'MCKIP') was established on June 15, 2012, pursuant to the bilateral investment cooperation between the Government of Malaysia and the Government of the People’s Republic of China.Driven by global market demand, especially the popularization of EV and ESS (energy storage) applications, the demand for high precision electrolytic copper foil is continuously increasing. The Project is the first initiative by the Chinese copper foil maker in its global expansion strategy.Malaysia, an important partner in the Belt and Road Initiative, boasts a robust economic and trade relationship with China and neighboring countries, offering a fertile ground for foreign investors. Bolstered by the China-ASEAN Free Trade Agreement, provides a platform for diverse policy support and opportunities. The Project’s implementation will provide valuable operational experience, accelerating Londian Wason’s international strategy to further expand into MENA, Europe and North America. This strategic move is also expected to position the company more advantageously for the burgeoning Southeast Asian EV market.Mr. Guanran Wang, CEO of Londian Wason said the decision for Londian Wason to launch the Project is for the company to maintain its leading position in the industry, and a commitment that the company will be a trusted global partner to its customers. Copyright 2024 ACN Newswire via SeaPRwire.com.
