Author: Asia PEVC

Broad Homes (02163.hk) to Intensify Its Leading Position Through Data-driven and Dual-driver Strategies

Recently, promotion policies of prefabricated buildings were rolled out in succession, contributing to an on-going increase in scale of industrial chain and positive industry sentiment. In particular, Broad Homes (02163.HK), one of the industry leaders, which has exploited the construction industrialization field for over two decades, is committed to consolidating its competitive edges and has delivered remarkable performance with CAGR (Compound Annual Growth Rate) of revenue reaching 32.36% for the last three years (2017-2019), market share (of PC unit manufacturing business) amounting 13.5% and research and development (R&D) expenses as a percentage of revenue accounting for 8.82%, both topping the industry.

Picture 1
Picture 2
Picture 3
Picture 4 China’s PC unit manufacturing market scale from 2014 to 2024 (estimated) Unit: RMB100 million

Thanks to the recent favorable policies in the prefabricated construction industry, Broad Homes remains dedicated to its PC unit manufacturing business and upholds the data-driven and B+C dual-driver strategies, well positioned to further consolidate its leading position and achieve leapfrog growth.

EXPEDITE INDUSTRIAL CHAIN DEVELOPMENT THROUGH COMPREHENSIVE DIGITAL TRANSFORMATION AND SECURE EXCESS PROFIT LEVERAGING INTELLIGENT MANUFACTURING

As the only prefabricated construction enterprise having been selected for the Pilot Demonstration Project of Intelligent Manufacturing in 2018 by the MIIT (Ministry of Industry and Information Technology of the PRC), Broad Homes has, through over two decades of cultivation, spared no efforts in facilitating the digital transformation of the industry and expediting industrial chain development. It has established eight generations of product systems for prefabricated buildings, conducted R&D into domestic first-class full process digital solutions and boasted experience accumulated in industrial projects of over 100 million square metres and strategic factory layout across the nation.

Currently, leveraging the leading manufacturing capacity of PC units, PC Maker I, the first domestic forward design software based on BIM platform in the field of prefabricated buildings, and PC-CPS intelligent manufacturing management system, the digital solution for the full process of prefabricated buildings, Broad Homes has bridged every stage of the whole industrial chain from design, manufacturing, construction to operation and maintenance and become a standardized portal for industrialization and intelligent service platform of the construction industry.

The design software PC Maker I of Broad Homes effectively improves design interactivity and optimizes design process to significantly reduce the time required for a single design process. With improved design accuracy, it enjoys better function integration capacity and consistency between the subsequent production processes and actual use when compared with other BIM software, thus winning great trust and favor from customers. As of the end of December 2020, we had provided comprehensive solutions of prefabricated buildings for nearly 300 customers, including Vanke, Country Garden, Evergrande, Jinke and Gemdale, and established cooperative relations with nine out of China’s top ten property developers and China’s top ten construction enterprises, thereby promoting the transformation from business cooperation to standard co-construction, and accelerating the shift of prefabricated buildings into standardization, digitalization and intelligence at the product end.

The picture 1 shows the functions of PC Maker 1 software
Project
Prefabricated preliminary design
Construction drawing
Prefabricated deep design
Prefabricated inspection
Drawing
Model creation
Unit dismantling
Unit design
Drawing management
Parameterized unit library
Parameterized accessory library
Custom module

The PC-CPS intelligent manufacturing system of Broad Homes is applied in digital twin technology to pre-simulate the whole process of prefabricated buildings in the system and trigger all instructions through data, which integrates process, cost, logistics and supply chain management, and coordinates the whole process from forecasting to goods acceptance in real time, thus significantly improving production and operation efficiency. It has become a standardized portal and intelligent service platform for building industrialization and enjoys trust from various reputable domestic property developers and construction customers. In 2021, Broad Homes will continue to improve the PC-CPS platform, enhance R&D capabilities, boostthe soft power of intelligent manufacturing, promote the comprehensive integration of the industrial Internet platform system, and propel the modernization of China’s construction industry.

The picture 2 shows the whole functioning process of the PC-CPS system
Strategic customers
Product R&D
Business protocol for building modeling
Project import
Building model
Engineering model
Business model
Concluding contract
Delivery + first-level confirmation
Construction site
Complete semi-finished products
PC manufacturing
Finished products warehouse
Transportation
Site warehouse
Assemble prefabricated parts
Processing and packing
Pallet distribution
QR code-based production
QR code-based loading
Project startup
QR code-based warehousing
QR code-based launching
QR code-based delivery
QR code-based loading
QR code-based hoisting
Level-three QR code triggered by hoisting
Settlement
Analysis

In recent years, Broad Homes continued to increase R&D investment and strived to achieve digital transformation and upgrading. In 2019, its total R&D expenditure as a percentage of revenue remained at the forefront of the industry, which laid the foundation for the rapid expansion of its PC unit manufacturing business and forging leading advantages in the prefabricated industry, and brought about sustainable competitiveness and excess profits.

The picture 3 shows the total R&D expenditure as a percentage of revenue of industry peers in 2019 and R&D expenditures of Broad Homes from 2017 to 2019 (including the amount expensed and capitalized based on the information in the prospectus of Broad Homes and CITIC Securities Research Institute)
Total R&D expenditure as a percentage of revenue
China State Construction
Honglu Steel Structure
Golden Mantis
Orient Landscape
Shanghai Construction Group
China Chemicals
China Design Group
China Industrial International
Broad Homes
R&D expenditure
R&D expenditure as a percentage of revenue

From 2017 to 2019, the operating revenue and net profit of Broad Homes increased at a CAGR of 32.36% and 108.26%, respectively. In 2020, despite the shock of the COVID-19 pandemic, the PC unit manufacturing business, the core principal business of Broad Homes, secured sound growth with new contract amount of RMB4.091 billion, a year-on-year increase of 31.7%, and contract amount secured yet to complete of RMB5.196 billion, a year-on-year increase of 38.6%. Sufficient new orders and backlog paved the way for Broad Homes in 2021.

With the relief of the pandemic, the revenue of PC equipment manufacturing business of Broad Homes will pick up. Upon completion of reform of the remaining joint factories and leveraging potent demand, the overall performance of Broad Homes will steer into a normalized growth track.

PREFABRICATED BUILDINGS AN INEVITABLE CHOICE AMID POTENTIAL INDUSTRY BOOM
In recent years, the state issued relevant policies to vigorously guide and motivate the development of prefabricated construction industry. The “13th Five-Year Plan of Action for Prefabricated Buildings” of the Ministry of Housing and Urban-Rural Development clearly stipulates that the proportion of prefabricated buildings in new buildings should reach 25% by 2023 and 30% by 2025. The prefabricated building industry will embrace explosive growth.

Policies regarding China’s fabricated buildings were first introduced in 2016. Although the industry grew at a CAGR of 55% in recent four years, the penetration rate of fabricated buildings in China in 2019 was only 13%. According to Frost & Sullivan, the domestic market scale of PC unit manufacturing business will reach RMB65.4 billion in 2020 and RMB285.5 billion in 2024, with a CAGR of 44.5%. Compared with the traditional cast-in-place construction method, the prefabricated building is energy-saving and environment-friendly, which may shorten the construction period by 45% and save manpower by 75%. Looking into future, due to the disappearing demographic dividend, high labor cost and limited capacity of resources and environment, prefabricated building materials will be an inevitable choice for the transformation and upgrading of the construction industry. With the improvement of penetration, this industry is expected to usher in a trillion-level “blue ocean” market. From 2014 to 2024, the domestic market scale of PC units for prefabricated buildings is estimated to record a year-on-year increase of 680 times, promising great potential. (Picture 4)

It is fair to say that in the next few years, the domestic prefabricated industry will enjoy a boom, and Broad Homes will also usher in an obvious turning point in profit. Three advantages will facilitate it to tap on the scale advantages 1) Broad Homes has established factories in Hunan, Tianjin, Yangtze River Delta and Pearl River Delta, which are the key areas for promotion of the prefabricated buildings, and 62 Joint Factories it contributed to span across the nation, which is expected to increase the capacity utilization rate of Broad Homes in the market boom; 2) the two design software of Broad Homes, being PC Maker I and PC-CPS, the intelligent manufacturing management system, empower the development of the industrial chain through digital management, resulting in per capita production efficiency far exceeding peers, and enjoy popularity among customers; 3) Broad Homes boasts eight generations of prefabricated building product system and experience accumulated in industrial projects of over 100 million square metres, positioning it in a very favorable position to seize the huge blue ocean market in the future.

INTENSIFY LEADING POSITION THROUGH DUAL-DRIVER STRATEGY TRANSFORMATION AND PROPOSED INITIAL PUBLIC OFFERING OF A SHARES
At the beginning of 2020, Broad Homes categorized its business into two major sectors, being B2B and B2C, in which B2C represents the B-house business charged by the Module Integration Technology Division, and the new product B-BOX business will also be launched. In the B2C field, B-house products primarily target C-end consumers and country villa market, and seven standardized products have been offered. In the first half of last year, it commenced to take orders for country villas.

It is reported that the self-built housing in rural areas and approximate to cities in China covers an area of over 1.3 billion square meters, and it is estimated that there will be more than 2.2 million new rural houses each year, implying great market potential for rural construction. Since the beginning of 2019, policies on rural residential pilot projects, marketing of collective management of construction land and decentralization of land use approval authority have been successively rolled out. Therefore, TF Securities pointed out in its research report that To C business will generate new growth driver for Broad Homes, and it is predicted that the scale of To C business (excluding B-BOX) of Broad Homes will reach RMB5.25 billion in the next three years, thereby contributing to considerable performance growth.

Besides, Broad Homes proposed to apply for initial public offering of A shares and listing the same on ChiNext of the Shenzhen Stock Exchange, to further enhance its capital strength. No more than 86.054 million shares will be allotted and issued under this IPO exercise, and the proceeds raised will be applied in six fields, including Broad Homes CPS Henan Research, Development and Production Headquarter Base Project, The First Phase of Assembly PC Factory Construction Project of Broad Homes Weifang Direct Company, Broad Homes Smart Site Research and Development Project, Broad Homes Mansion Exhibition Center Project, B-BOX Modularized Building Production Line Technology Renovation Project and supplementing of Working Capital, with an investment amount of approximately RMB1.879 billion. In particular, Broad Homes CPS Henan Research, Development and Production Headquarter Base Project and The First Phase of Assembly PC Factory Construction Project of Broad Homes Weifang Direct Company will increase the PC units production capacity of Broad Homes by 240,000 cubic meters, upon which, total production capacity of wholly-owned factories will reach over 2 million cubic meters. As such, Broad Homes is expected to consolidate its leading position and promises great growth potential in the mid- and long-term.

According to Frost & Sullivan, in terms of the revenue in 2019, Broad Homes is the largest domestic PC unit manufacturer, with a market share of 13.5%, and also the largest domestic PC equipment manufacturer in China, with a market share of 38.3%.

Looking into future, with the relief and even disappearance of the COVID-19 pandemic, Broad Homes will continue to consolidate its leading position through data-driven and dual-diver strategy transformation and A-share listing, and share the dividend of rapid growth of the industry with shareholders and investors.

BYD to Help Kyoto Reach Japan’s 2050 Carbon Neutral Goal

Partnership with Keihan Bus and Kansai Electric Power will build Japan’s first pure electric bus loop line

On February 24, BYD Japan Co., Ltd. (BYD), Keihan Bus Co., Ltd. (Keihan Bus) and The Kansai Electric Power Co., Inc. (Kansai Electric Power) announced a tripartite deal in Kyoto, Japan, which will see the three parties work together to help the city achieve Japan’s 2050 carbon neutrality target and build a carbon-free society.

Tripartite deal in Kyoto: Mr. Hanada Shinsaku, Executive Vice President, BYD Japan; Mr. Kazuya Suzuki, President, Representative Director, Keihan Bus; Mr. Kenichi Fujino, Assistant General Manager, Sales and Marketing Division, Kansai Electric Power (L-R).
Kyoto’s famous sightseeing bus loop line (Kyoto Station – Shichijo Keihan-mae – Umekoji – Hotel Emion Kyoto)

Beginning in 2021, Keihan Bus and Kansai Electric Power will launch the first batch of 4 BYD J6 buses on Kyoto’s famous sightseeing bus line (Kyoto Station – Shichijo Keihan-mae – Umekoji – Hotel Emion Kyoto), as part of a five-year demonstration operation to further promote pure electric public transportation in Japan. This will also become the country’s first loop line operated solely by electric buses.

By analyzing vehicle operating data and energy-saving results, the project will provide useful experience to support Keihan Bus’s plan to continue introducing BYD K8 pure electric buses and gradually realize a green and carbon-free society in the Kansai region, one of Japan’s key economic and industrial hubs.

As the signing location for the landmark 1997 Kyoto Protocol, Kyoto is a pioneer city that has witnessed the world’s active response to climate change. In the same spirit, this latest deal is not only an active response to the Japanese government’s goal of achieving Japan’s 2050 carbon neutrality target for a carbon-free society, but also an effort to achieve the Ministry of Economy, Trade and Industry’s plan to ban the sale of new gasoline-powered vehicles in the mid-2030s.

Operating buses in this world-renowned tourist destination, Keihan Bus has always provided important travel support for the tourism industry in Kyoto. The new bus loop line will connect Kyoto Station, Shichijo Keihan-mae, and Umekoji – Hotel Emion Kyoto, which are surrounded by key tourist attractions such as Kyoto Railway Museum and Kyoto Aquarium. The introduction of electric buses around the JR Kyoto Station – the gateway station to Kyoto – will further boost the city’s green credentials.

“Keihan Bus will celebrate its 100th anniversary next year. We believe that the transition from gasoline and diesel vehicles to pure electric vehicles will mark a huge turning point on the 100th anniversary for the company,” said Suzuki Kazuya, President, Representative Director of Keihan Bus.

Kansai Electric Power, the second-largest electric power company in Japan, will not only build charging piles and other facilities for the project, but also construct a highly efficient energy management system, as well as analyze and research operating data.

“Kyoto Station is the gateway to Kyoto. The introduction of electric buses in the city is an important step for us to move towards a decarbonized society,” said Kenichi Fujino, Assistant General Manager of Sales and Marketing Division of Kansai Electric Power. “We will fully cooperate with Kyoto to introduce pure electric buses and support subsequent operations.”

BYD’s pure electric buses are quiet and environmentally friendly, and are more cost-effective than fuel buses, while their power batteries can also provide emergency power in the event of a disaster. The first batch of BYD J6 buses can be fully charged within just 3 hours, with a range of more than 150 kilometers, and can accommodate up to 29 people.

Liu Xueliang, General Manager of BYD Asia-Pacific Auto Sales Division, said, “At present, there are 53 BYD electric buses in operation throughout Japan, with a total mileage of approximately 1.2 million kilometers, which help reduce carbon emissions near to 271 tons, making us the leader in the country’s electric bus market. We will continue to share our electric vehicle technology and experience in Japan and around the world, to contribute to the early realization of a decarbonized society.”

Since BYD’s K9 buses first began operating Kyoto in 2015 and successfully opened up the Japanese market, the brand’s buses have gone on to enter Okinawa, Fukushima, Iwate, Yamanashi, Tokyo, and Nagasaki, and many other places in Japan over the past six years. It has also gained the trust of developed markets in Germany, the United States, Japan, and South Korea, thanks to its excellent and reliable product quality as well as trustworthy after-sales guarantee system.

About BYD
BYD Company Ltd. is one of China’s largest privately-owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem – comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation – has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.

Contacts
In Asia-Pacific: Mia Gu
Pr@byd.com; tel: +86-755-8988-8888-69666
In North America: Frank Girardot
frank.girardot@byd.com; tel: +1 213 245 6503
In Europe: Penny Peng
penny.peng@byd.com; tel: +31-102070888

Moonstake Wallet Now Supports Staking of Centrality’s CENNZ

Today, staking of Centrality’s native token, CENNZ, is officially available on Moonstake‘s Web Wallet. CENNZ is the native token of Centrality, our strategic partner. Moonstake became the first staking provider in the world to launch staking services for CENNZ.

Now Moonstake’s wallet users can hold, send and receive CENNZ and are able to stake through the Moonstake wallet and receive CPAY as staking rewards with one simple click with the best user experience. After Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras and Centrality became the 10th available staking coin on Moonstake Wallet.

Moonstake wallet provides 3 CENNZ staking validator options for users with an average commission fee of 5%. To celebrate our milestone as the world’s first wallet to support staking of CENNZ, one of the 3 validators will offer zero-staking fee for the first 3 months from today until 31st of May so that CENNZ holders can enjoy free staking on Moonstake wallet. Moonstake started in the staking business last year with the aim to create the largest staking network in Asia. Since then, Moonstake has developed the most user-friendly wallets for both Web Wallet and Mobile Wallet (iOS/Android) that are compatible with over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake’s total staking assets have grown rapidly to reach USD 600 Million in staked assets in 6 months.

Moonstake and Centrality entered into a strategic partnership in August last year. Aaron McDonald, CEO of Centrality has joined Moonstake as an advisor and both parties are actively developing for the implementation of CENNZ (Centrality’s token) through Moonstake staking platform. During a joint webinar last year, both parties shared details about the progress of the partnership and product development, including an announcement regarding the launch of CENNZ staking on Moonstake. Based on joint marketing and technical collaboration, Moonstake Wallet achieved another milestone as a world’s first wallet to support CENNZ and CPAY enabling users to send, receive, and hold ERC-20 based CENNZ and CPAY tokens and the world’s first wallet to support staking for CENNZ.

How to stake CENNZ on MS Wallet
Here’s a simple 4-step process to stake CENNZ with Moonstake Wallet:
1. Register your Moonstake Web wallet (https://wallet.moonstake.io)
2. Deposit 10,000 CENNZ and an appropriate amount of CPAY to your Moonstake wallet. (10,000 CENNZ is the minimum amount required to stake)
3. From the wallet screen, select CENNZ and click the “Stake Now” button.
*If CENNZ and CPAY are not displayed, click on the + button on the right to add them.
4. Confirm the staking information, then click the “Staking” button and enter your wallet password.
*Once the staking operation is completed, the amount of CENNZ will be displayed in the column Staking.

How CENNZ Staking Works
A minimum threshold amount of 10,000 CENNZ needs to be locked in and stake for both nominators or validators. To stake CENNZ with Moonstake wallet, you need to be a “Nominator” and select a “Validator”. Up to 16 or more validators can be selected. If the chosen Validator is elected and performs their duties correctly, Nominators receive a portion of their resulting CPAY reward.

*Nominators are CENNZ token holders who stake a portion of their CENNZ behind a Validator.
*Validators are node operators who each store a copy of the blockchain and must perform certain functions to keep the system secure.

How to get Rewards of CENNZ staking
The APY (Staking Reward Rate) BASE rate for CENNZ will initially start at a minimum of 8-10% APY in CPAY. This can increase based on network activity. You will receive a staking reward approximately every 24 hours.

For example, if you stake 10,000 CENNZ, you will receive 800 – 1,000 CENNZ worth of CPAY per year, which will be divided and distributed as a reward.

How CENNZ unstaking works
There is an unbonding period when you unstake CENNZ, which serves as a cooldown. This period will take 28 days on CENNZnet and your CENNZ will be locked. After 28 days, you can redeem your CENNZ and start to use or transfer them. During the unbonding period, you will not receive any staking rewards.

Mitsuru Tezuka, Founder at Moonstake says: “Moonstake is pleased to be the world’s first wallet to support staking of CENNZ and the first validator for CENNZnet. We completed API connection for CENNZ staking to provide extensive support for the CENNZ community. With this collaboration, Moonstake and Centrality will continue to accelerate the strong growth of the staking ecosystem while providing the best staking service for CENNZ.” Aaron McDonald, CEO at Centrality says: “Centrality is on a mission to bring decentralised technology to consumer mass markets and Moonstake will help us do just that. E-wallet is the most convenient and friendly solution for modern day money management, in both the real world and the crypto world. Making the crypto usage experience seamless while still fully secure to mass consumers is what Moonstake excels at and we’re happy to bring about CENNZ staking on this leading staking platform.”

The global staking market capitalization has grown exponentially over the last year from $10 billion to $133 billion. During this period, Moonstake has also become part of the top 10 staking providers in the world in terms of total staking value and is continuing to expand non-stop. Through CENNZ’s staking, we are committed to providing more people in the world with valuable staking opportunities at their convenience and contributing to the development of the blockchain industry.

About Moonstake
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore Catalist-Listed company. Industry’s reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 600 Million. https://www.moonstake.io/

About Centrality
Centrality is the world’s leading fintech venture platform based in New Zealand. They have received a research grant from the New Zealand government and are working with the New Zealand government to build a decentralized system through the public-private integrated organization “Digital Identity NZ” together with NZ Tech and Singlesource. https://centrality.ai/

NextGen Blockchain Platforms Self-Organize to Win Government Contracts

Over the past year, blockchain development communities have turned their attention towards winning government contracts.

There is a huge opportunity presented by increased government spending on blockchain projects. According to Bloomberg Government BGOV200 Report, federal government spending reached $597 Billion in 2019. However, since new businesses face barriers gaining direct access to government contracts, many have joined the Government Blockchain Association (GBA) to introduce their cutting-edge blockchain platforms to the public sector.

Traditionally government program managers choose to work with the same few legacy companies. For example, there are currently over 4.1 million US Federal government contractors but of the $597 billion in prime contracts awarded in FY19, the top 10 government contractors received $173.4 billion according to Bloomberg Government. However, the COVID-19 Global Pandemic was a catalyst that necessitated governments from around the world look at bold and innovative new ways to solve problems from a more diverse community.

In March of 2020 the US Department of Health and Human Services hosted a virtual Pandemic Response Hackathon. This hackathon idea completely changed the former process of government acquisitions. The slow pattern of the past was rewritten to adopt to the chaos, uncertainty, and urgency of COVID. Government contracts went from a centralized channel to open and decentralized solutions coming in from completely new sources. A new way of doing business was introduced to the world stage, and in November 2020 the Indian Ministry of Electronics and Information Technology (MeitY), National Informatics Centre (NIC) held their own up a GovTech Hackathon. Throughout 2020, countless examples of crowdsourcing solutions contested the traditional procurement processes.

Along with new paradigms in acquisitions, 2020 brought explosive growth of decentralized development communities and platforms. Decentralized communities operate on independently run servers, rather than on a centralized server owned by a business. Initially, most blockchain solutions were private-permissioned blockchains dominated by a single vendor. One of the most popular government blockchain solutions is Hyperledger Fabric. Though it is technically an open-source project, almost 80% of software changes to Hyperledger Fabric came from IBM, demonstrating an ongoing dependence on IBM to maintain the code.

Lately, next gen blockchain solution providers have been self-organizing into working groups and communities to compete in the contracts space. The largest and most engaged of these decentralized communities is the Government Blockchain Association, with members in over 500 Government Offices, thousands of public and private sector members in 120 Chapters, and more than 50 Working Groups, and 25 Communities of Interests. They also host regular online and in-person events to introduce blockchain solution providers to government officials, promoting this new diverse community.

Some of these next gen blockchain leaders include:
– DragonChain – DragonChain is an enterprise and start-up-ready platform to build flexible and scalable blockchain applications. It has business-ready applications and developer-friendly integrations that support many applications including learning management systems, decentralized identity, and anti-fraud and compliance solutions.
– NEM – A community that has developed two blockchains. They are NEM NIS1 and Symbol. NEM NIS1 is the original blockchain offering from NEM, created by the community, and optimized to be a developer’s sandbox. With zero downtime or major outages since 2015, NIS1 is the blockchain you can trust for all your project needs. Symbol is the next-generation enterprise-grade blockchain solution from NEM, purpose-built to help businesses cut costs, reduce complexities, and streamline innovation. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution.
– Simba Chain – SIMBA Chain is a cloud-based, blockchain-as-a-service (BaaS) platform, enabling users across a variety of skill sets to implement decentralized applications (dapps). These apps allow secure, direct connections between users and providers, eliminating third parties. The easy-to-use platform is tailored for users, developers, government, and enterprises to quickly deploy blockchain dapps for iOS, Android, and the web.
– TON Labs – TON Labs is the core developer of Free TON, comprised of a decentralized team focused on developing the infrastructure and free software for TON OS. TON OS is a full-fledged, vertically integrated technology stack that helps developers work easily with the blockchain and makes it simple and intuitive for users.

Decentralized blockchain projects include the Government Business Blockchain Platform (GBBP). This multi-blockchain platform allows solutions built on any blockchain to connect and become available to governments around the world. Sub-set eco-systems include Emergency Management, Healthcare Delivery, and Citizen Services. Blockchain applications can interconnect on the GBBP, providing identity management, logistics, asset management, payments, and many other blockchain services.

These examples demonstrate how blockchain providers are working together, self-organizing into decentralized entities to build public-facing blockchain solutions. GBA groups regularly host online meetings to discuss their projects. Anyone interested in joining the discussion can find out more on the GBA Events Calendar or Events List. Later this year the GBA will be bringing World-Class Leaders to Washington, DC for Government Blockchain Week on Sept 27 to Oct 1, 2021.

For more information to attend a free online event called NextGen Blockchain Platforms (https://www.gbaglobal.org/government-business-blockchain-platform/) on March 17, 2021 or send an email to support@GBAglobal.freshdesk.com.

Alchemie Technology Teams Up with At One Ventures and H&M Group to Deliver Sustainability Breakthrough in Textile Dyeing and Finishing

Alchemie Technology (Alchemie), a global disruptor of textile dyeing and finishing technology, is pleased to announce an investment from At One Ventures and H&M CO:LAB, H&M Group’s investment arm. The investment will support Alchemie’s commercial roll-out, aiming to accelerate the transformation of the sustainability profile of textile manufacturing worldwide. Textile dyeing is the second largest cause of water pollution globally and is the largest single contributor to carbon dioxide emissions from the textile industry. Today, it is responsible for over 3% of global CO2 emissions and forecast to increase to 10% by 2050. Alchemie is therefore addressing one of the largest sustainability challenges in the global textile supply chain today with its breakthrough clean-tech digital manufacturing solutions.

Alchemie Technology

The investment will enable Alchemie to accelerate the commercial roll-out of its disruptive digital manufacturing products in the global market: Endeavour(TM) smart waterless dyeing and Novara(TM) precision digital finishing. Alchemie’s industrial solutions provide a unique value proposition to textile manufacturers, with a lower cost, higher throughput, and radically more sustainable alternative to traditional textile processing. With the addition of software services to digitalise the supply chain, it is also enabling the move to fully connected digital manufacturing. The solution is very timely for the industry, as fashion consumers are demanding more accountability from fashion brands to reduce their environmental impact.

Alchemie’s Endeavour(TM) smart waterless dyeing technology allows garment manufacturers to eliminate the production of contaminated wastewater and dramatically reduce the carbon footprint from dyeing. Demonstrated to radically reduce lead times and enable lower minimum order sizes, alongside a 50% cost saving compared to traditional technologies, the Endeavour(TM) solution has been well received by textile manufacturers and fashion brands worldwide.

Alchemie has also seen a surge in market demand for its Novara(TM) precision digital finishing technology. This technology enables significant energy and materials savings compared to traditional technologies, which radically reduces the impact of fabric finishing on the environment and reduces cost. Both Endeavour(TM) and Novara(TM) are currently available for implementation, and there is a pipeline of additional sustainable fabric finishing innovations progressing to market based on the Novara(TM) technology including technologies that deliver eco-friendly, fluorine-free water repellents and advanced bio-based functional finishes.

Alchemie’s market opportunity continues to grow, with the increasing pressure in the textile industry to reduce its environmental impact and governments legislating to reduce or eliminate traditional textile manufacturing. Textile manufacturing is an industry that urgently needs new technologies that reduce environmental impact, lower cost and enable end-to-end supply chain digitalisation. Alchemie is uniquely positioned to address this underserved market and transform the sustainability profile of the textile industry.

The funding round was led by At One Ventures, a San Francisco-based venture capital fund focused on disruptive technologies that combat climate change, and H&M CO:LAB, the investment arm of H&M Group.

Dr. Simon Kew, Managing Director of Alchemie Technology: “We are very pleased that At One Ventures and H&M CO:LAB have invested in Alchemie at this pivotal point in the commercial roll-out of our sustainable dyeing and finishing solutions. The textile manufacturing industry has a significant impact on the environment, and with our Endeavour and Novara technologies, we are disrupting manufacturing processes that are responsible for over 3% of global CO2 emissions and 20% of global water pollution. Our solutions both dramatically reduce the environmental impact and radically reduce cost for dyeing and finishing, which has proven to be a compelling combination in the global textile industry. We are building on the momentum we have generated in the market with successful commercial trials of our fabrics and are looking forward to rolling out the first global commercial installations this year.”

Dr. Alan Hudd, Chairman of Alchemie Technology: “This investment reflects the significant acceleration of interest in the modernisation and digitalisation of global textile manufacturing, a combination of government, consumer, and brand pressure has delivered an unstoppable impetus for change in the textile industry. We are uniquely poised to deliver the next generation of digital clean-tech textile manufacturing solutions and the market is truly supercharged for change. The pandemic has only accelerated the velocity of digitalisation, as retail is replaced by direct-to-consumer e-commerce platforms and consumers demand visibility and sustainability in the supply chain.”

Helen Lin, Principal at At One Ventures: “With their innovative first-in-market technology, Alchemie has the potential to transform textile manufacturing, effectively leapfrogging over one of the largest water pollution problems in the world today. We believe that outsized environmental returns can only be achieved when driven by commercial scale and are delighted to be supporting Alchemie to deliver this vision in the textile industry.”

Nanna Andersen, Head of H&M CO:LAB, H&M Group: “Alchemie Technology is pioneering a truly breakthrough and cost-effective approach to solving a longstanding sustainability issue in the supply chain for textile products. We are excited to partner with Alchemie and support innovation that addresses some of the largest carbon footprint contributors of the textile industry: dyeing and finishing. The commercial implementation of their game-changing technology not only aligns perfectly with the H&M group’s vision to become fully circular, but also has the potential to benefit the entire textile industry.”

About Alchemie Technology
We are cleaning up textile manufacturing. Alchemie Technology develops clean-tech textile manufacturing processes using advanced digital technology. Textile dyeing and finishing processes are some of the most polluting manufacturing processes on the planet and are responsible for over 3% of global CO2 emissions and over 20% of global water pollution. We are delivering breakthrough digital dyeing and finishing technologies Endeavour(TM) and Novara(TM), which deliver a dramatic reduction in energy consumption and eliminate contaminated wastewater emissions. Our mission is to transform the textile industry with clean-tech digital manufacturing solutions that significantly reduce environmental impact and enable digital transformation in textile supply chains.

About At One Ventures
At One Ventures finds, funds, and grows teams to catalyze a world where humanity is a net positive to nature. We back early-stage (Seed, Series A) companies using disruptive deep tech to upend the unit economics of established industries while dramatically reducing their planetary footprint. We also look for companies that are pioneering new industries that are actively regenerative to planetary health. Lastly, we look for companies that have significant potential to be healthy, scalable businesses because the positive impacts we invest in only last as long as the businesses that carry them.

About H&M CO:LAB
H&M CO:LAB is the investment arm of H&M Group. Its mission is to drive and promote entrepreneurship, and to contribute in a meaningful way to the long-term growth of H&M Group through investments in innovative companies. H&M CO:LAB invests across three focus areas: Sustainable Fashion, New Retail and Enablers. For more information about H&M Group, please visit hmgroup.com.

Contact:
Alchemie Technology
Penny Martin
pmartin@alchemietechnology.com
+44 1223 751644

Related Images
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Alchemie Technology

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Endeavour Smart Waterless Dyeing

Related Links
Alchemie Technology https://www.alchemietechnology.com/

Related Video
https://www.youtube.com/watch?v=545Gv8Oqgpw

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75454

SCCG Management Partners with MediaTroopers to bring Experienced iGaming Marketing Agency Talent and Services to the USA

Stephen Crystal, Founder of SCCG Management, announced a partnership with King of Prussia, Pennsylvania-based iGaming Marketing and Advertising firm, MediaTroopers.

Stephen Crystal, said, “This is a new and exciting time for iGaming in North America. Online sports betting and iGaming products are exploding across the US, backed by huge brands and equally large budgets. That same demand exists for digital marketing expertise in iGaming – knowledge put in context by the challenges experienced by veteran digital marketers in the online gaming space.

“These are challenging times that are rewarded by results, not just trying hard. The experience and expertise that MediaTroopers bring to our partners through a third-party agency model can help these companies accelerate the results needed to secure their fair share of the market. We are thrilled to bring this needed capability to our clients in North America.”

MediaTroopers has over 20 years of experience in the world of online marketing. With a particular interest in digital marketing, product development, and growth strategies, MediaTroopers delivers the most highly effective advertisements and marketing solutions possible to expand the audience and strengthen their reach.

Working within highly regulated verticals, Media Troopers always ensures that its traffic is safe and compliant with state regulations and coordinated with its advertisers’ requirements.
Media Troopers employs sophisticated technologies and platforms to generate real-time data for every advertisement. MediaTrooper rigorously monitors, refines, and improves its campaigns, quickly and efficiently retooling underperforming content. The MediaTrooper mission is to work to ensure that advertising investments are used optimally at all times.

Sam Segal, MediaTroopers CEO, said, “We are delighted to be working with SCCG Management and tap on the years of knowledge and vast network that Stephen and his team bring. Combining our digital and online gambling expertise, together with the knowledge and contacts of a land-based industry veteran like Stephen, will enable us to provide our clients with a whole new level of marketing services. There’s so much to do in so little time; we can’t wait to get this partnership going.”

About SCCG Management

SCCG Management is a consultancy that specializes in sports betting, iGaming, sports marketing, affiliate marketing, technology, intellectual property protection, product commercialization, esports, capital formation, M&A, joint ventures, casino management, and governmental and legal affairs for the casino and iGaming industry.

About Media Troopers

Media Troopers is a performance marketing agency designed to help online advertisers expand their audiences around the world. Our agency uses developing advisory sites and apps and sophisticated technologies and platforms to reach new consumers. In the current marketing environment, online advertisers are fighting an uphill battle for exposure. The days of traditional online marketing are coming to an end. With so much competition for consumers’ attention, businesses that fail to adapt and diversify their media channels are left behind. But thanks to Media Troopers, advertisers now have everything they need to level the playing field.

Stephen A. Crystal
SCCG Management
+1 702-427-9354
stephen.crystal@sccgmanagement.com

Visit us on social media:
LinkedIn: https://www.linkedin.com/company/sccg-management/

Source: bit.ly/2MomNYF

Blockpass and UREEQA Bring Identity Verification to Creators

Blockpass is proud to reveal another new partnership this week which will see the integration of Blockpass’ KYC solution into a brand new platform. This new expansion of KYC coverage comes to the UREEQA platform, which protects, manages and monetizes creative work. Both companies will work together to ensure that creators of unique works can identify themselves and claim ownership of their compositions, opening up greater opportunities for people to conduct business and pursue their goals.

On UREEQA, users can pay a small fee to stake claim to their creative works, such as music, videos, eBooks, source code, art etc. In the future, UREEQA will expand to other forms of work including patents, trademarks and industrial design. Validators work to ensure that creative content on UREEQA is original, earning URQA tokens and a UREEQA Validator Rating (UV Rating) based on their performance. Once a creator’s work has been successfully validated, a non-fungible token is generated; this token is the creator’s immutable claim to the creation. The NFT then enters the UREEQA Premium Protected Collection – a dynamic online platform where the creation will be showcased, enabling users to buy, sell, distribute, license or complete a legally compliant STO. The UREEQA Premium Protected Collection also includes a social element where users can rate, comment on and like creative work, or contact each other to discuss collaboration opportunities.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users.

“UREEQA is an excellent example of how blockchain technology can enhance a specific industry and improve people’s choices and opportunities,” said Adam Vaziri, Blockpass CEO. “Creative works represent peoples’ unique talents and often their most prized work; helping UREEQA to prove that and to validate ownership, alongside creating new avenues for people to buy and sell and collaborate, are exactly the kind of benefits that blockchain and Blockpass exist to facilitate.”

“As we work on providing decentralized services to help protect creative works, identity verification is an important first step to ensuring that we are engaging in consulting arrangements with known entities. We evaluated multiple KYC service providers and Blockpass was the clear winner. The platform is easy to use and the support has been stellar,” said Harsch Khandelwal, CEO of UREEQA.

Robert Eccles, UREEQA COO, noted: “UREEQA is deeply committed to providing our customers with high quality services and products. Invariably, in doing so we have to rely on partners in some areas. Therefore, we are extremely careful and discerning in who we partner with. We evaluated multiple KYC service providers and we concluded that partnering with Blockpass was the clear choice. Their platform is easy to use and the support has been stellar.”

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to a surge in interest for Blockpass’ On-chain KYC(TM) solution which promises to change the way blockchains enable compliance.

With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification method, and put in place to help as many people as possible access KYC in the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.

About Blockpass
Blockpass, the pioneer of On-chain KYC(TM), is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass’ KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network – a decentralized oracle solution – in early January, Blockpass introduced the first On-chain KYC(TM) solution that will service many blockchains in the years to come.

For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About UREEQA
The UREEQA platform harnesses the power of blockchain technology and the blockchain community to empower creators to protect, manage, and monetize their work. Established in Canada in 2020, UREEQA will modernize the inefficient and bureaucratic systems currently in place for copyright, patent, industrial design and trademark protection. UREEQA provides value and opportunities for its Creators, Validators and Tokenholders via URQA, the token at the heart of the UREEQA ecosystem. For more information on UREEQA and upcoming announcements please visit our website https://www.ureeqa.com/, join our Telegram channel https://t.me/UREEQA, and follow us on twitter https://twitter.com/UREEQA_Inc

Ozan Electronic Money Turkey Join Forces With Albaraka Turk, One of Turkey’s Most Well-Known Banks

Ozan Electronic Money Turkey, which offers financial services to individual users and SMEs, has entered into a strategic cooperation with one of Turkey’s most well-known banks, Albaraka Turk. Thanks to this collaboration, Ozan SuperApp users will be able to access various financial services ranging from fractional shares to foreign exchange services, to bill payment, virtual IBAN and more.

Insha Ventures, a subsidiary of Albaraka Turk, is by many considered Turkey’s first fintech venture builder. Now it is joining forces with Ozan Electronic Money Turkey, which offers next generation financial services to individuals and businesses. The strategic open banking cooperation integrates Albaraka API Platform infrastructure into Ozan SuperApp, allowing Ozan SuperApp users to perform a variety of services such as 24/7 money transfer, purchase of commodities such as gold, foreign exchange transactions and bill payment, just to name a few.

Dr. Ozan Ozerk, Founder of Ozan Electronic Money Turkey

The Pioneer of Banking as a Service in Turkey

Meliksah Utku, the General Manager of Albaraka Turk, commented on the cooperation between Ozan Electronic Money Turkey and Insha Ventures:
“Albaraka Turk continues to be the pioneer of open banking and Banking-as-a-Service (BaaS) in Turkey thanks to the Albaraka API platform that started with ‘Let’s build together the digital products of the future!’ motto. I believe that the cooperation between Insha Ventures and Ozan Electronic Money Turkey will contribute a lot to the ecosystem of financial technologies and I find that very exciting.”

Omer Suner, the CEO of Ozan Electronic Money Turkey, said:
“With Ozan SuperApp, we aim to offer our users in-house developed financial services that are run on the rails of our industry-leading business partners. Following our Visa membership that we announced last week, our strategic partnership with Insha Ventures aligns with our vision of growth through long-term partnerships.”

A Bridge to The Development of the Fintech Ecosystem
Yakup Sezer, the General Manager of Insha Ventures, emphasized that Insha Ventures served as an important bridge to the development of the fintech ecosystem in Turkey, and added:

“Insha Ventures supports super applications by offering them APIs-based services such as payment accounts, investment products, bill payments, and money transfer. Our comprehensive cooperation with Ozan SuperApp is a very important step to make contributions to the financial services industry in Turkey. Thanks to this cooperation, our Albaraka Open Banking Platform will provide Ozan SuperApp a great range of integrated financial services, representing the latest technology within open banking the world.”

Dr. Ozan Ozerk, founder of Ozan SuperApp, highlights the impressive level of Turkish financial technologies of today, by commenting on the incredible journey of Turkey’s banking technology sector:

“Since early 2000 Turkish banking industry has been joining forces with telecoms, ISPs, technology companies and other key players leapfrogging into the future. Private and government initiatives have pushed competition to the highest level, bringing Turkish financial technologies to become a global leader. Ozan SuperApp aims to benefit from this ecosystem as its launches globally.”

About Ozan Electronic Money Turkey
Founded by Dr. Ozan Ozerk, Ozan Electronic Money Turkey is a new generation financial technology initiative, established to bring individual users together with SMEs on financial services.

Ozan Electronic Money Turkey, which obtained electronic money license from the Banking Regulation And Supervision Agency (BRSA) in accordance with law no. 6493, has been serving under the supervision and surveillance of the Central Bank of Turkey (CBRT) since January 2020.

Ozan SuperApp services include physical and virtual debit card services, multi currency e-money accounts, domestic and international money transfer, QR code payment, local and international bill payment and purchasing game code safely and instantly. In addition to these consumer facing B2C services, Ozan SuperApp also provides SMEs B2B financial services such as payment accounts, FX services, Virtual POS and Mobile POS products.

Press contact:
Omer Suner
CEO, Ozan Electronic Money Turkey
Email: omer.suner@ozan.com
Internet: https://ozan.com/tr

Related Images
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Dr. Ozan Ozerk, Founder of Ozan Electronic Money Turkey

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Ozan Electronic Money Turkey

Related Links
https://ozan.com/tr

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75341

Quamnet Outstanding Enterprise Awards 2020 ceremony Successfully Held on 3&4 February 2021

Awards Bring New Thoughts Despite Pandemic
Gaining Support from Business Community and Media

The Award Ceremony of Quamnet Outstanding Enterprise Awards 2020 was successfully held on 3 and 4 February 2021 at Regal Kowloon Hotel. 12 awarded companies’ representatives and honourable guests attended and witnessed the 12th Anniversary of the Awards. Despite pandemic, the Awards was able to gain wide support from the business community and media from both Hong Kong and overseas, celebrating remarkable achievements of these awarded companies.

Celebrating 12th Anniversary: Sagacity Built to Business Perfection
Being a leading financial website in Hong Kong, Quamnet not only focuses on the financial field, but also the accomplishments of Hong Kong business community which attracts public attention. The Awards, instituted in 2009, is organized by Quamnet and aims to identify and recognize the excellent performance of Hong Kong enterprises.

The judging panel of QOEA is formed by the Quamnet editorial team, Quamnet research team, and independent financial analysts. Each nominated enterprise is required to submit their company profile and the self-evaluation report for assessment and selection. The committee will then use eight categories to select the most representative enterprises. The eight categories include excellent products and services, brand reputation, philosophy of operation, marketing strategies, sustainable development strategies, accomplishments, corporate social responsibility and unique business philosophy or development.

This year we celebrate the twelfth year of QOEA, with theme of “Sagacity Built to Business Perfection”, recognizes enterprises’ outstanding sagacity in times of challenges and critical changes in the past year. The awarded enterprises not only have stood firm, they have also shown the business scene their dedication to reaching new peaks.

Awarded companies come from a wide array of industries in Hong Kong, including financial services, internet corporation, immigration advisory, TMT, ICT solution provider, logistics, and healthcare service etc.

12 companies are being awarded this year with its outstanding achievement, including Babytree Group, Bartra Wealth Advisors Limited, Beng Soon Machinery Holdings Ltd, China Life Trustees Limited, CMGE Technology Group Limited, CITIC Telecom CPC, Kerry Logistics, LFG Investment Holdings Limited, Realord Asia Pacific Securities Limited, Realord Group Holdings Limited, Wan Kei Group Holdings Limited and Link-Asia International MedTech Group Limited.

Awards Ceremony Attended by Professionals and Elites, Widely Embraced by Business Community and Media

The Awards was honoured to have business community and media’s support, including
Mr. Joseph H.L. Chan, JP, Under Secretary for Financial Services and the Treasury
The Government of Hong Kong SAR
Dr. Michael Chan, Honorary Chairman of Hong Kong Institute of Marketing
Mr. Sam Kwok Tak Sum, President of Hong Kong Society of Economists
Mr. Michael Wong, President of Society of Registered Financial Planners

Mr. Andy Chan, Managing Director of China Tonghai Financial Media Limited, said “2020 was a turbulent and above all challenging year. Despite the global pandemic, outstanding enterprises have stood out from the crowd with its perseverance, excellence and intelligence. Celebrating the 12th Anniversary of QOEA, the Awards has never stopped in recognizing the outstanding performance of the enterprises in Hong Kong, as it aspires to be a widely recognized financial media, setting the benchmark of corporate governance and business development. Quamnet would like to express our applause to all winners of the year, the challenging year of 2020 has made the awarded companies more special. The progress and achievements these companies made in the past year not only enhances positive corporate image and reputation, it also helps create role models for other enterprises in times of hardship.”

Grand ceremony supported by elites and medias
In addition to a strong lineup of guests, the award presentation ceremony attracted numerous media both in Hong Kong and China. Media partners include Caiguu.com, The Standard and FX678.

Quamnet Outstanding Enterprise Awards 2020 (Alphabetical Listing by Company Name)
Categories / Awarded Company
1. Outstanding Internet Corporation with Investment Value 2020 / Babytree Group
2. Outstanding Ireland Immigration Advisory & Immigrant Investor Programme 2020 / Bartra Wealth Advisors Limited
3. Outstanding Demolition Service Provider 2020 / Beng Soon Machinery Holdings Ltd
4. Outstanding MPF Scheme 2020 / China Life Trustees Limited
5. Best TMT Company 2020 / CMGE Technology Group Limited
6. Outstanding ICT Solution Provider 2020 / CITIC Telecom International CPC Limited
7. Outstanding Global 3PL 2020 / Kerry Logistics
8. Outstanding Integrated Financial Services Enterprise 2020 / LFG Investment Holdings Limited
9. Outstanding Assisted Reproductive Health Care Service Enterprise 2020 / Link-Asia International MedTech Group Limited
10. Outstanding Securities Service Development 2020 / Realord Asia Pacific Securities Limited
11. Outstanding Diversified Integrated Enterprise 2020 / Realord Group Holdings Limited
12. Outstanding Integrated Foundation Services 2020 / Wan Kei Group Holdings Limited

Website of Quamnet Outstanding Enterprise Awards 2020:
http://events.quamnet.com/QOEA2020/

“Quamnet Outstanding Enterprise Awards 2020” Photos
For more photos, please visit Quamnet Outstanding Enterprise Awards website:
http://events.quamnet.com/QOEA2020/

For enquiry, please contact:
China Tonghai Financial Media Limited
Events and Media:
Ms. Macy Yeung Tel: (852) 2217 2752 E-mail: Macy.Yeung@tonghaifinancial.com
Ms. Hayley Wu Tel: (852) 2217 2679 E-mail: Hayley.Wu@tonghaifinancial.com
Ms. Angel Shum Tel: (852) 2217 2706 E-mail: Angel.Shum@tonghaifinancial.com

NaturalShrimp Signs Letter of Intent to Acquire Aquaculture Assets of Hydrenesis Aquaculture, LLC

– Assets to be Acquired for $12,500,000
– Major Financing Announcement Forthcoming from NSI

NaturalShrimp, Inc. (OTCQB: SHMP), an aquaculture Company, which has developed and patented the first commercially operational Recirculating Aquaculture System (RAS) for shrimp, announced today that it has signed a Letter of Intent (LOI) to acquire the aquaculture assets of Hydrenesis Aquaculture, LLC for $12,500,000, consisting of $5,500,000 in cash and the balance due in NSI common stock. The acquisition is expected to be accretive to earnings in fiscal year 2021.

Gerald Easterling, CEO of NaturalShrimp added, “NaturalShrimp has been working with Hydrenesis since 2018 on several solutions for the industry with the team at Hydrenesis. We currently have trials on going in Norway and Australia. The Company intends to immediately begin deployment of the technology in our hatchery and nursery systems. We also believe that the Hydrenesis technology will have major impacts on disease control in salmon, barramundi, and tilapia farming segments. We expect to file additional patents around the expansion of the application and use of the combined EC and Hydrenesis technology.”

David Antelo, CEO of Hydrenesis, Inc., said, “We are excited for the next evolution of our relationship with NaturalShrimp. We have been exploring the application of ‘Redox’ water treatment for several years. Our technologies’ ability to affect water chemistry and elevate water quality is proving to have a significant impact on growth and health metrics. Natural Shrimp’s bold vision and rapid growth trajectory make them the ideal partner for extending commercialization of Hydrenesis technologies to additional species applications.”

ABOUT NATURAL SHRIMP
NaturalShrimp, Inc. is a publicly traded aqua-tech Company, headquartered in Dallas, with production facilities located near San Antonio, Texas. The Company has developed the first commercially viable system for growing shrimp in enclosed, salt-water systems, using patented technology to produce fresh, never frozen, naturally grown shrimp, without the use of antibiotics or toxic chemicals. NaturalShrimp systems can be located anywhere in the world to produce gourmet-grade Pacific white shrimp.

About Hydrenesis
Hydrenesis, Inc. and Hydrenesis Aquaculture, LLC, headquartered in Pompano Beach, FL, are private technology owners and technology commercialization companies that partner with leading IP holders and industry insiders to commercialize innovative technologies in major industry sectors.

Forward Looking Statements
This press release contains “forward-looking statements.” The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements include statements regarding moving forward with executing the Company’s global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company’s Annual Report on Form 10-Q filed on February 16, 2021, and in our other filings with the U.S. Securities and Exchange Commission.

Contact:
Richard Brown
508-462-9638

SOURCE: Natural Shrimp