Category: Engineering

Autonomous Mobile Robots by Synergy Dynamics (HK) Ltd Triumph in Warehouse Trials Across China

Synergy Dynamics (HK) Limited, a leading autonomous mobile robot company, has successfully completed testing of its robots in multiple warehouses across China. The robots have demonstrated their ability to move efficiently and transport materials, significantly improving productivity and reducing labor costs.

The successful testing period conducted by Synergy Dynamics (HK) Limited is a significant achievement for the company, demonstrating its ability to develop and deploy advanced autonomous mobile robots that can revolutionize the logistics industry. The testing, which involved various warehouses and applications, showcased the robots’ adaptability and versatility, indicating their potential to solve other logistical challenges companies face.

Quan Lan, CEO of Synergy Dynamics (HK) Limited, expressed his satisfaction with the testing results, saying, “We are thrilled with the results of our testing. Our autonomous mobile robots have shown that they are capable of revolutionizing the way warehouses operate. By reducing labor costs and increasing efficiency, our robots will help companies save money and increase their competitiveness.”

The robots’ ability to navigate complex environments, avoid obstacles and communicate with each other to optimize their movements was a critical factor in the testing’s success. The robots can use advanced algorithms and sensors to detect their surroundings and adjust their movements accordingly. This feature is essential in warehouses, where there are multiple obstacles, such as racks, boxes, and people, that the robots need to navigate to transport materials from one location to another.

The robots’ efficiency and productivity have also been tested and shown to improve warehouse efficiency by up to 50%. By automating manual tasks and optimizing the movement of materials, the robots can reduce labor costs and improve productivity, ultimately leading to higher profits for companies.

Synergy Dynamics (HK) Limited plans to release a full fleet of robots by 2024, indicating the company’s confidence in the technology’s potential to disrupt the logistics industry positively. The company’s focus on developing robots designed for different applications also indicates its commitment to solving specific logistical challenges faced by different companies.

Stephen Lei, Chief Technology Officer at Synergy Dynamics (HK) Limited, emphasized the company’s goal of providing customers with cutting-edge solutions. He said, “Our goal is to provide companies with the tools they need to succeed in today’s competitive marketplace. Our robots are innovative and intelligent, and we are excited to bring them to market.”

The interest shown by major companies in China and other countries highlights the potential market for Synergy Dynamics (HK) Limited robotic solutions. With the increasing demand for advanced logistics technologies, Synergy Dynamics (HK) Limited is well-positioned to capture significant market share with its innovative automated solutions.

About Synergy Dynamics (HK) Limited
Founded in 2013, Synergy Dynamics (HK) Limited is a robotics and artificial intelligence (AI) company creating robots to tackle real-world problems. Headquartered in Shenzhen, our mission is to use the power of AI robotics to improve warehouse procedures and the lives of human workers.

Contact Information:
Marcus Lee
Director of Investor Relations
marcus.lee@automatedsynergy.com
+852 370 276 50

SCIB Posts Revenue of RM32.4 Million for 3Q

Company narrows LBT sigificantly over nine-month period

Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Group recorded a revenue of RM32.4 million for the third quarter ended 31 March 2023 (3Q FY2023) compared with a revenue of RM37.5 million for the corresponding quarter of the previous financial year.

En. Rosland Bin Othman, Group Managing Director of Sarawak Consolidated Industries Berhad

For the quarter under review, the Company registered a profit before tax (PBT) of RM0.2 million compared with a loss before tax (LBT) of RM2.0 million in the corresponding quarter 3Q FY2022. For the nine-month period ended 31 March 2023 (9M FY2023), SCIB recorded RM98.7 million in revenue compared with RM102.2 million in the corresponding period of the previous financial year. For 9M FY2023, the Group’s LBT narrowed to RM3.5 million compared with LBT of RM6.0 million in 9M FY2022.

On a segmental basis, the manufacturing division, which produces precast concrete and Industrialised Building System (IBS) building materials, recorded revenue of RM23.2 million in 3Q FY2023 compared with RM22.1 million in 3Q FY2022 and PBT of RM2.7 million compared with RM0.7 million. In 9M FY2023, the manufacturing segment recorded a cumulative revenue of RM68.9 million, as compared to RM64.9 million in 9M FY2022 and PBT RM4.8 million compared with RM0.97 million.

The engineering, procurement, construction, and commissioning (EPCC) division recorded a revenue of RM9.2 million in 3Q FY2023 compared with RM15.1 million in 3Q FY2022 and PBT of RM0.009 million compared with LBT of RM0.66 million. The EPCC segment registered a cumulative revenue of RM29.4 million in 9M FY2023 compared with RM36.6 million with a cumulative LBT of RM1.44 million compared with LBT of RM1.74 million.

Group Managing Director of SCIB, Encik Rosland bin Othman (“En. Rosland”), said, “The contribution to revenue in the quarter was mainly driven by the increase in sales of foundation piles while the improvement in PBT was mainly due to margins from the sales of precast concrete products. We have also seen an improvement over the nine-month period as our LBT has narrowed significantly.”

“The Company will continue to leverage on its EPCC expertise to actively pursue leads for small-to-mid-sized construction projects across Malaysia where it has a niche and supported by our manufacturing division’s ability to supply precast and IBS building materials together with building technology.”

As at the end of 3Q FY2023, the SCIB’s order book stood at a cumulative contract value of RM495.3 million.

In a separate announcement, the Company has appointed Ms. Toh Beng Suan as an independent non-executive director today. As a lawyer with over 20 years of experience, she has advised on the development, construction, financing, operation, and maintenance of some of the largest and most complex infrastructure projects in Malaysia and in the Asian and Middle East regions, as well as construction law and various forms of construction and engineering contracts.

“SCIB is cognisant of the need to be inclusive and will deeply benefit from having Ms. Toh on board, where she is a representative of how capable women can play more important and growing roles in decision-making within the Company,” said En. Rosland.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

GMG Signs THERMAL-XR(R) Distributor Agreements in 4 Asian Countries

Graphene Manufacturing Group Ltd. (TSXV: GMG) (GMG or the Company) is pleased to announce that GMG has signed distribution agreements with four separate distributors (Distributors) to buy GMG’s THERMAL-XR(R) and resell in their respective countries in the Heating Ventilation Air Conditioning and Refrigeration (HVAC-R) markets. The Distributors are focused on the following geographical markets: Thailand, Singapore, Indonesia and South Korea.

GMG and certain of the Distributors have successfully completed several THERMAL-XR(R) HVAC-R projects in South East Asia to provide case studies that illustrate the product’s local benefits and customer value proposition in these countries.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited to be signing up our initial distributors in Asia to build revenue in Energy Savings – one of our key objectives for 2023. We look forward to continuing to work with the Distributors – each a valuable partner for the sale of THERMAL-XR(R) going forward.”

Guy Outen, GMG’s Chair, commented: “I am very pleased to see these first distributor agreements in Asia – they display confidence in the potential benefit of TXR to existing and new customers of our new distributor partners. I commend the GMG team led by Mark Lock the General Manager of Energy Savings and Senior Business Development Manager Arthur Yen for their leadership.”

GMG’s 4 critical business objectives are:
1. Produce Graphene and improve/scale production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

About GMG
GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the viability of completed THERMAL-XR(R) HVAC-R projects in South East Asia to serve as case studies which demonstrate the value of GMG’s products, that additional distributors in Asia will enter into Distribution Agreements , the impact of the Distributor Agreements on revenue in Energy Savings, the influence of the partnerships with the Distributors on the sale of THERMAL-XR(R), and the business objectives of the Company in 2023 and beyond.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, that the case studies will not convey the benefits of the Company’s products in South East Asia, that the effect of the Distributor Agreements on revenue in Energy Savings with differ from management’s current expectations, that GMG’s objectives in 2023 and beyond will diverge from its current objective, that no additional Distribution Agreements will be reached, and that the value of the partnerships with the Distributions will not align with management’s expectations.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the market demand for the Company’s products, that case studies will demonstrate the benefits of the Company’s products, that additional Distributors will enter into Distributor Agreements, that Distributors will have a direct impact on the Company’s revenue in Energy Savings, and that the partnerships with the Distributors will impact the sale of THERMAL-XR(R) going forward.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167274

Taiwan Excellence Debuts at ATxSG 2023 with Award-Winning Tech Solutions

Taiwan Excellence, an award-winning entity established by the Bureau of Foreign Trade and the Taiwan External Trade Development Council (TAITRA), makes its debut at this year’s Asia Tech x Singapore (ATxSG) Conference 2023. It will be showcasing over 30 innovative products ranging from smart home solutions and artificial intelligence (AI) tools to Industrial Internet of Things (IIoT) and Smart City applications from 15 leading Taiwanese technology companies.

All products and technologies at the Taiwan Excellence Pavilion have been distinguished with the Taiwan Excellence Award, the highest accolade bestowed upon Taiwan-originated products based on their excellence in design, quality, marketing, Taiwanese R&D, and manufacturing. Through this showcase, Taiwan Excellence hopes to bridge up the bilateral ICT communities and foster more collaborations and partnerships with Singapore and other countries in the region.

Said Wu Yi-Ling, Director of Taiwan Trade Centre, Singapore, “We are delighted to be here at Asia Tech x Singapore. As Asia’s flagship technology event, it is the ideal platform for us to show visitors from across the globe Taiwan’s technological advancements and prowess, and the tremendous value that we can bring to any potential collaborations. We also look forward to fostering knowledge exchange and deeper partnerships with customers, fellow innovators, and members of the larger Information and communication technologies industry.”

Taiwan is currently the sixth largest economy in Asia and currently ranks seventh in global competitiveness and 13th globally in innovation. It has been an indispensable player in the world’s high technology sector, dominating the global semiconductor market for the past three decades. The country produces over 60% of the world’s integrated circuits and electronic components and accounts for a considerable share of the global computer hardware, and mobile phones. Taiwan is forging its path from being a manufacturing efficiency-focused to an intellectual property- and innovation-driven economy.

The Taiwan Excellence Pavilion is located at Singapore Expo, Hall 3, Booth 3L2-03, and can be visited during the Asia Tech x Singapore Conference 2023 from 7th to 9th June.

Key brands and innovations on show at the Pavilion include:

E-Ink
E Ink Prism is a unique and dynamic material for design which incorporates both black and white, and color changing electronic ink technology. Manufacturers and designers now have the ability to integrate innovative films with surfaces and design to dynamically change colors, patterns, and habitats. Programmable patterns and shapes can be integrated to create designs or functions.

MSI
MSI FUNTORO develops a smart and complete solution with a cloud management platform for electric buses. By integration of CANBUS and various sensors, the vehicle and driving data are collected and transmitted to backend platform to allow real-time fleet management and remote monitoring on system devices, driver behaviors, on-duty time, and battery efficiency to enhance fleet safety and operation efficiency.

Nilvana
Nilvana’s Vision Studio is positioned as an intuitive zero-code AI model development tool to assist industries entering the AI field without any technical barriers and thresholds. Nilvana provides multi-person real-time collaborative labeling, and auto-labeling to accelerate AI development and assist customers and partners in boosting their corporate output value and facilitating the integration of AI applications and IoT edge devices.

WebComm
WebComm’s OETH Cloud Identity Solution allows enterprises to easily implement passwordless verification, improving the single sign-on (SSO) experience. Featuring information security based on International FIDO standards, it enables on-demand payments which reduce the cost of maintenance and building, and allows for easy enablement and fast implementation for enterprises, passwordless SSO with access to VPN, VDI, and various enterprise systems.

About Taiwan Excellence Awards

The Taiwan Excellence Awards were established by the Ministry of Economic Affairs in 1993. Every year, eligible candidates are subjected to a rigorous and stringent selection system that covers four major aspects of “R&D”, “Design”, “Quality” and “Marketing” to identify outstanding products that offer “Innovative Value” while satisfying the key criterion of being “made in Taiwan”. Products that have been selected for the Taiwan Excellence Awards would serve as examples of the domestic industries and be promoted by the government in the international market to shape the creative image of Taiwanese businesses.

The organizers of Taiwan Excellence

– The Bureau of Foreign Trade (BOFT), which was established by the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for formulating Taiwan’s international trade policies, promoting trade, and managing trade-related activities.

– Taiwan External Trade Development Council (TAITRA)
Founded in 1970, TAITRA is Taiwan’s foremost nonprofit trade promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

For Media Enquiries
PRecious Communications for TAITRA
Tel: +65 6303 0567
Email: taitra2023@preciouscomms.com

Photonis Expands Market-Leading Mass Spectrometry Detection Technology

Visit Photonis at booth #407 during the 71st ASMS Conference

Photonis has announced that the company will be exhibiting at the 71st American Society for Mass Spectrometry (ASMS) Conference on Mass Spectrometry and Allied Topics, taking place June 4 – June 8, 2023, at the George R. Brown Convention Center in Houston, TX.

ASMS

Photonis can be found at booth 407 in the exhibitor hall. Attendees are encouraged to meet and speak to the company’s diverse team of technical experts and learn more about how their industry-leading MS Detection Technology will benefit new applications in Mass Spectrometry due to unprecedented performance levels.

At this occasion, Photonis, the leaders in Time-of-Flight (TOF) detection technologies, will showcase their latest advancements in TOF detection with additions to their existing detector platforms – the APTOF and BPTOF Series.

Photonis presents the APTOF A300, a capacitively-coupled, compact assembly detector designed for small footprint and/or benchtop TOF systems. The APTOF A300 integral AC-coupled high voltage isolation prevents damage to the digitizer and provides MS Instrument manufacturers with significant cost savings.

In parallel, the company will introduce the BPTOF B380, an optically coupled Bi-Polar TOF detector with never-before-seen lifetime benefits, based on a patented technology from Photonis.

Ulrich Laupper, President and General Manager of Photonis’ Ultimate Detection Business Unit: “We are excited to introduce the next generation of Time-of-Flight detection technology at this year’s ASMS Conference. Photonis is committed to extensive investments into Research and Development activities in order to provide our industry partners market-leading detector solutions. The APTOF A300 and BPTOF B380 provide mass spectrometry instrument manufacturers an unmatched cost-of-ownership value proposition. In addition, it also enables them to offer new advanced applications to their end users. We are very proud to be part of the ASMS community and contribute to advance science and quality of life with our technologies.”

Photonis’ Time-of-Flight detectors support some of the world’s most sensitive TOF-MS applications. Their patented technologies and distinct Microchannel Plates ensure optimum temporal resolution, excellent mass sensitivity, unmatched lifetime and superb dynamic range; enabling mass spectrometers to be optimized with the best detector on the market, no matter the analysis requirements. Photonis specializes in working in partnership with TOF-MS Instrument designers to understand the requirements needed in each instrument to provide the longest-lasting, accurate detectors specifically designed for each instrument.

About Photonis

Photonis is a market-leading provider of technologies used in the detection and amplification of photons, ions, electrons, and neutrons. We innovate and engineer the highest quality technology solutions for integration into a wide variety of applications, such as mass spectrometry, night vision optics, digital cameras, nuclear instrumentation, life-science and physics research, space exploration, and many others. With over 80 years of experience in partnering with our customers to provide the world’s leading detection systems, Photonis has the experience to meet the specific challenges of the many markets we serve. For more information, please contact us or visit us at booth #407 during the conference.

Contact Information
Nicole Poirier
Marketing Manager
n.poirier@usa.photonis.com

GMG Announces Battery Joint Development Agreement with Rio Tinto

Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce that GMG and Rio Tinto have signed a binding Joint Development Agreement (“JDA”) with the goal of accelerating the development and application of GMG’s Graphene Aluminium-Ion batteries in the mining and minerals industry. Rio Tinto will contribute technical and operational performance criteria and A$6 million, in exchange for preferential access rights.

Rio Tinto has put the net zero transition at the heart of its business strategy: combining investments in commodities that enable the energy transition with actions to decarbonise their operations and value chains. The JDA seeks to support the accelerated development of GMG’s Graphene Aluminium-Ion Batteries for use in heavy mobile equipment and grid energy storage applications in the mining and mineral industry.

The JDA builds on the existing collaboration for Rio Tinto to explore the use of GMG’s Energy Saving and Energy Storage solutions (see Company announcement on 18 May 2022). This JDA is effective immediately and is expected to last 2 years with payments spread over the term of the agreement. The JDA aims to co-develop GMG’s Graphene Aluminium-Ion battery pouch cell into an initial battery pack/module proof of concept.

Rio Tinto will seek to involve Original Equipment Manufacturers (OEM), including Heavy Mobile Equipment OEMs, to work with GMG and Rio Tinto to align the battery pack development with end use requirements.

Success could see performance enhancements for Rio Tinto, including faster charging and longer-life batteries for heavy mobile equipment and grid energy storage, as well as supporting Rio Tinto’s decarbonisation ambitions.

GMG will retain ownership of the intellectual property of the GMG Graphene Aluminium Ion Battery Pouch Cell and Battery Pack. On successful completion of the joint project, Rio Tinto would have the right to procure and use the batteries in their operations.

Rio Tinto Chief Scientist, Nigel Steward, said, “We are excited to expand and deepen our partnership with GMG. We both share a vision of a low-carbon future and for Rio Tinto it’s a crucial time to partner with companies like GMG to accelerate battery technology and innovation. We are looking forward to continuing our collaboration and leveraging our combined expertise and resources to develop a truly green battery that has the potential to improve the way we supply and store energy.”

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited to be collaborating with Rio Tinto, one of the world’s largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. The collaboration with Rio Tinto on the applications of Graphene Aluminium-Ion batteries is a key step for GMG. Together, with the existing technical and supply chain partnerships already established, this is another important step towards GMG’s goal to become a major global supplier of next generation batteries as we continue to de-risk the commercial scale up of this technology.”

Guy Outen, GMG’s Chair, commented: “I am very pleased to further deepen our partnership with Rio Tinto. I believe the opportunity to work closely with them given their capability and drive as a large potential customer to access leading new technologies will greatly assist the potential development of our next generation Graphene Aluminium-Ion batteries. More broadly, significant customer feedback to GMG has reinforced the opportunity of the pouch cell battery format and this JDA with Rio Tinto is another example. We’ll now re-prioritise our energies to developing this form of battery which should further support progress towards our aim of a commercial, large scale, highly competitive battery.”

About Rio Tinto

Rio Tinto is a leading global mining and materials company. Rio Tinto operates in 35 countries and produces iron ore, copper, aluminium, critical minerals and other materials needed for the global energy transition and for people, communities, and nations to thrive. They have been mining for almost 150 years and operate with knowledge built up across generations and continents. Rio Tinto’s purpose is finding better ways to provide the materials the world needs – striving for innovation and continuous improvement to produce materials with low emissions and to the right environmental, social and governance standards.

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:
Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding Rio Tinto’s contribution to the JDA and the expected benefit thereof, the impact of the JDA on the development of the Company’s Graphene Aluminium-Ion Batteries, the development of GMG’s pouch cell, the potential involvement of OEM, the duration of the JDA, and the benefits derived from the JDA and the partnership with Rio Tinto more generally.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, including that the JDA will not result in the benefits management expects, that the Company’s products will not develop as expect, that the impact of the JDA and the partnership with Rio Tinto will differ from management’s expectations, that OEM will not assist in aligning the battery pack development with equipment requirements, changes to regional and global market trends, and that the Company will be unable to research, develop and produce certain products and technologies.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s development of certain products, the market demand for the Company’s products, that the JDA will benefit both the Company and Rio Tinto, that the partnership with the Company and Rio Tinto will proceed and produce the benefits expected, that OEM will assist in aligning battery pack development with equipment requirements, the duration of the JDA, the Company’s ability to research, develop and test its products within anticipated timelines, and market demand for the Company’s products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/165332

The 13th PropertyGuru Asia Property Awards (Singapore) programme begins call for entries in resilient market

The PropertyGuru Asia Property Awards (Singapore) programme is now open for entries for its 13th edition in 2023.

Organisers of the 13th annual PropertyGuru Asia Property Awards (Singapore) now challenge the country’s leading and emerging development companies and design practices to compete for recognitions that showcase and provide an international platform for their exemplary, outstanding achievements.

Entry submissions are accepted online until 1 September 2023 via: asiapropertyawards.com/

The Singapore property market is off to a promising albeit slower start in 2023. The housing market remains resilient despite uncertain geopolitical and macroeconomic conditions, rising inflation, and increasing interest rates, according to the PropertyGuru Singapore Property Market Report Q1 2023.

Defying economic downside pressures, property prices climbed in 2022, partly due to tight supply, amid declining sales volumes across all property types. Despite the increased cost of acquiring homes, many buyers maintain a positive view of the market’s long-term outlook.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “Singapore developers continue to lead the way with designs and concepts that are not only deserving of international recognition, but also set a high standard for Southeast Asia. We are confident that this year’s entries will be just as exemplary, displaying Singaporean prowess in creating sustainable built environments and aspirational developments where people can live, work, and thrive.”

Kristin Thorsteins, chairperson of the PropertyGuru Asia Property Awards (Singapore) and head of partnership growth for APAC at IWG PLC (Singapore), said: “In recent years, Singapore developers have demonstrated remarkable resilience and flexibility, responding to changes by creating more sustainable spaces and integrating nature into their projects. As we look ahead, we anticipate witnessing further benchmark-setting innovations among our entries this year, as Singapore continues to adapt to post-pandemic societal changes and prepares to face any challenge with unwavering determination and vigour.

“With a robust infrastructure ecosystem and a commitment to green-building technologies, Singapore is at the forefront of sustainable development, leading the way in reducing energy and water consumption, as well as carbon emissions. We are confident that Singapore’s developers will continue to drive innovation in the real estate industry, creating spaces that are not only resilient, but also sustainable and in harmony with nature.”

The black-tie gala dinner and presentation ceremony of the 13th PropertyGuru Asia Property Awards (Singapore) will take place at The Ritz-Carlton, Millenia Singapore ballroom on Friday, 27 October 2023.

Key dates for the 2023 edition:
1 September 2023 – Entries Close
11-29 September – Site Inspections
3 October 2023 – Final Judging
27 October 2023 – Gala Dinner and Awards Ceremony in Singapore
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are encouraged to submit their nominations before the deadline of entries on 1 September 2023 here: asiapropertyawards.com/nominations

Led by Thorsteins, an independent panel of judges, comprising experts in diverse fields such as real estate consultancy, architecture and interior design, and sustainable development, will participate in a rigorous process selecting the award recipients.

The resulting shortlist of nominees will be able to showcase their companies and projects to a wide network of property seekers, real estate agents, banks and valuers, and other enterprises served by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company.

Supervised by HLB, the global network of independent advisory and accounting firms, the awards programme makes full use of a professionally run and fully transparent judging system, with an established reputation for fairness, credibility, and integrity.

Excellent Asian companies

Main winners from the 2023 edition of the PropertyGuru Asia Property Awards (Singapore) will qualify to compete with other excellent companies across the region for the ‘Best in Asia’ honours at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December 2023.

Singapore companies scored several regional wins at the 17th PropertyGuru Asia Property Awards Grand Final 2022. GuocoLand was named Best Luxury Developer (Asia) and Best Sustainable Developer (Asia) while UOL Group Limited was named Best Hospitality Developer (Asia).

UOL Group Limited also won Best Hotel Development (Asia) for Pan Pacific Orchard. Park Nova by Shun Tak Holdings gained the Best Condo Architectural Design (Asia) title while Artyzen Singapore by Artyzen Hospitality Group won Best Hospitality Interior Design (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

The 13th PropertyGuru Asia Property Awards (Singapore) are supported by official portal partner PropertyGuru.com.sg; official magazine Property Report by PropertyGuru; media partner d+a Magazine; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS:

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP:

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2 to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com; PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022
2 Based on Google Analytics data between July 2022 and December 2022
3 Based on data between July 2022 and December 2022
4 Based on SimilarWeb data between July 2022 and December 2022

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Alicia Loh, Awards Manager (Singapore)
M: +65 8382 0078
E: alicia@propertyguru.com.sg

NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.

Luxshare Precision Announces 2022FY and 2023FYQ1 Financial Results

Despite facing numerous challenges over the past year, including a global economic slowdown and weak demand for consumer electronics, Luxshare Precision, a leading global manufacturer of cable & connector assembly and system solutions for consumer electronics, automotive interconnect and communication interconnect, has achieved remarkable results.

On April 27, Luxshare Precision released its annual report for 2022 and its first quarter results for 2023. In 2022, the company achieved operating revenue of approximately RMB214.028 billion, representing a year-on-year increase of 39.03%. Net profit attributable to shareholders of the listed company was about RMB9.163 billion, representing a year-on-year increase of 29.6%.

In the first quarter of 2023, Luxshare Precision kept its growth momentum, achieving operating revenue of RMB49.942 billion, representing a year-on-year increase of 20.05%. Net profit attributable to shareholders of the listed company was RMB2.018 billion, representing a year-on-year increase of 11.9%.

Although the market raised questions about Luxshare Precision’s reliance on a single large customer, from the recently published financial report can we see that it has chosen to grow alongside the world’s prime clients and has better credit terms than its peers. This not only accelerates the turnover of accounts receivable but also ensures a healthy cash flow.

In 2022, Luxshare Precision’s net cash flow from operating activities was RMB12.728 billion, representing a year-on-year increase of 74.72%, which shows a significant improvement. At the same time, the company’s accounts receivable turnover days in 2022 were 48.5 days, showing a decrease of 4.66 days.

According to news from Taiwan’s Economic Daily News on April 26, Apple will include Pegatron and Luxshare Precision as iPhone 15 series suppliers. It is expected that Pegatron will obtain iPhone 12% assembly share of 15 Pro mobile phones, while Luxshare Precision will obtain 15% assembly share of iPhone 15 Ultra mobile phones. Based on market data, Luxshare Precision shipped approximately 20 million iPhones in 2022, and under optimistic estimates, the company’s iPhone shipments this year could increase to 42-50 million units.

In addition, Luxshare Precision’s R&D investment has seen a steady increasement in recent years. In terms of R&D investment, the company has invested a total of RMB20.834 billion in the past three years, of which RMB8.447 billion was invested in 2022, hitting a five-year high. In 2022, the company has accumulated 4,526 invention patents, representing an increase of 46.47% compared to the end of 2021, leading the industry in R&D strength.

It is also worth noting that the company’s interim report forecast for 2023 was also released alongside the Q1 report, showing that Luxshare Precision’s performance in the first half of 2023 has stable progress. Net profit attributable to shareholders of the listed company for the first half of 2023 is expected to be RMB4.162-4.541 billion, representing a year-on-year increase of 10%-20%.

In summary, Luxshare Precision is moving from a single business mode to a more diversified and comprehensive development. Given the vast blue ocean market and great growth opportunities, it is believed that Luxshare Precision has a promising future.

Photonis Supplies Key Instrumentation for Detecting Successful Laser Fusion Ignition

  • Photonis, a leading electro-optic manufacturer, has supplied key instrumentation that has aided in the achievement of laser fusion ignition.

Photonis, a leading electro-optic manufacturer, has supplied key instrumentation that has aided in the achievement of laser fusion ignition. On December 13th, 2022, The U.S. Department of Energy (DOE) and the National Nuclear Security Administration (NNSA) announced the first-ever, controlled laser fusion reaction to produce scientific energy breakeven, achieved at Lawrence Livermore National Laboratory’s (LLNL) National Ignition Facility (NIF). This major scientific breakthrough, decades in the making, provides unprecedented capability to support NIF’s national security mission and invaluable insights into the prospects of clean fusion energy. This monumental achievement is the first step to a possible future of a net-zero carbon footprint.

Photonis & LLNL

Successful detection of the reaction was made possible with key instrumentation supplied by Photonis. The instruments: Stripline Microchannel Plates (SL-MCPs) and Streak Tubes, were integrated into various diagnostic systems installed within the fusion reactor to detect both x-rays and visible light that were emitted from the reaction. The detection of these signals contributes to determining the resulting energy yield.

Stripline MCPs used in the Diagnostic System are equipped with electrode strips to allow the propagation of high frequency electrical fields along the strips. The electrode strips provide the ability to sequentially turn on each microchannel as fast as the electrical charge can permeate the surface, producing high speed sequential images.

Streak Tubes are unique devices for capturing and measuring ultra-fast light phenomena. Photonis Streak tubes can be applied in streak, framing, or synchroscan-modes, with a wide range of available photocathodes for detection from low energy X-ray to near infrared. The high sensitivity, low-noise photocathodes provide high uniformity, excellent signal-to-noise ratio, and a high shutter ratio, while bilamellar electro-optics support (sub) pico-second temporal and extremely high spatial resolution. These characteristics are ideal for capturing low-level light signals such as the ones emitted by the fusion reaction.

Photonis is proud to be part of this exciting achievement. With its high level of expertise, Photonis’ engineers will continue to contribute to overcoming the limits of science and work towards getting tomorrow’s clean fusion energy running!

Learn More about LLNL’s Fusion Ignition Success Here: National Ignition Facility achieves fusion ignition | Lawrence Livermore National Laboratory (llnl.gov)

About Photonis
Photonis is a market-leading provider of electro-optic solutions used in the detection and amplification of photons, ions, electrons, and neutrons. We innovate and engineer quality technologies for integration into a wide-variety of applications, such as night vision optics, digital cameras, mass spectrometry, nuclear instrumentation, life-science and physics research, space exploration, and many others. With over 80 years of experience of partnering with our customers to provide the world’s leading detection systems, Photonis has the experience to meet the specific challenges of the many markets we serve.

Related Image
https://cdn.newswire.com/files/x/34/ed/b3b6277fbf7fe2637f586ca30a34.jpg

Contact Information
Dr. Emile Schyns
Director of Innovation
e.schyns@photonis.com

SOURCE: Photonis Scientific, Inc.

10th PropertyGuru Asia Awards Malaysia in partnership with iProperty marks a decade of excellence amid economic expansion

Malaysia’s leading property portals have jointly launched the 10th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty—inviting the country’s finest property developers to receive and vie for sought-after hallmarks of excellence in real estate.

Bringing two of the nation’s most respected awards programmes to set a new single benchmark for excellence in Malaysian real estate, the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty is now accepting submissions until 30 June 2023 via: asiapropertyawards.com/nominations

Now in its 10th year of celebrating achievements in property development and design, the search for Malaysia’s finest real estate begins anew at an auspicious time as Malaysia’s economy shows impressive growth. The Malaysian economy expanded by 8.7% YoY in 2022—the highest annual growth recorded since the year 2000 (8.9% YoY). The economy is expected to expand by 4.0% to 5.0 % in 2023, supported by firm domestic demand and ongoing improvements in the labour market.

Although demand for homes is likely to be tempered in the first half of 2023 due to rising interest rates, the second half of the year is shaping up to be more promising as the Chinese economy opens, according to the PropertyGuru Malaysia Property Market Report Q1 2023. The relaxation of Covid-19 measures in China is set to boost the economy in the second half of the year through an increase in tourist arrivals and reduced supply chain disruptions.

Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “We are thrilled to celebrate the landmark 10th edition of the PropertyGuru Asia Awards Malaysia in partnership with iProperty. Built on two strong brands and guided by Malaysia’s most trusted property advisors, our awards programme leverages our combined expertise and network to further raise the benchmark of property development and design in the country. The Awards also serve as a quality benchmark for buyers looking to invest in Malaysia’s finest real estate.”

The black-tie gala celebration is scheduled to take place at The Majestic Hotel Kuala Lumpur, the official venue of the Awards, on Friday, 24 November 2023.

Key dates for the 2023 edition:
30 June 2023 – Entries Close
24-26 July 2023 – Live Judging Days
17-30 July 2023 – People’s Choice Awards voting period
24 November 2023 – Gala Dinner and Awards Ceremony in Kuala Lumpur, Malaysia
8 December 2023 – Regional Grand Final Gala Presentation in Bangkok, Thailand

The public are also encouraged to submit their nominations before the deadline of entries on 30 June 2023 here: asiapropertyawards.com/nominations

In addition, the People’s Choice Awards will allow consumers and residents in Malaysia to vote for their preferred and most trusted developers, honouring 10 companies that deliver the Best in Trust, Quality, and Value for Money.

Respected leaders, experts

A distinguished panel of judges, comprising 18 respected leaders and experts in real estate consultancy, architecture, interior design, finance, legal, and related fields, will discuss and deliberate over entries during the Live Judging Days in late July 2023.

Datuk Ar. Ezumi Harzani Ismail, president of the Malaysian Institute of Architects: 2020-2022, has been elected chairperson of the independent panel of judges in 2023. He succeeds Dato’ Sr Lau Wai Seang, president of the Royal Institution of Surveyors Malaysia (RISM): 2017-2018, who remains on the panel, to the chairpersonship.

Datuk Ar. Ezumi Harzani Ismail said: “I am so pleased to lead the independent panel of judges of the Awards in Malaysia as the programme recognises the finest real estate in the country for the 10th year running. Along with the independent panel of judges, I join Malaysia’s consumers in helping reward the achievements of the real estate sector and moving the recovering economy towards progress and prosperity. With this year’s entrants and competitors, we will raise the bar of design and development together in Malaysia.”

HLB, the official supervisor of Awards, will oversee the judging and make sure the process is fair, transparent, and credible. John Ler and Kelvin Chew, international contact partner and managing partner for HLB Ler Lum Chew – HLB Malaysia, respectively, will lead the third-party team of supervisors.

Qualifying as the Best in Asia

Main winners from the PropertyGuru Asia Awards Malaysia in partnership with iProperty will qualify to compete for regional accolades at the 18th PropertyGuru Asia Property Awards Grand Final in Bangkok, Thailand on 8 December.

Malaysia’s finest real estate won several ‘Best in Asia’ honours at the 17th PropertyGuru Asia Property Awards Grand Final 2022. KL Wellness City by KL Wellness City Sdn Bhd was named Best Mixed Use Development (Asia) while Infinity8 Reserve JBCC by Infinity Group won Best Co-Working Space (Asia).

Established in 2005, the PropertyGuru Asia Property Awards continue to reward high-calibre work within the industry, encompassing property development, construction, architecture, interior design, and sustainable building practices. The series initially covered Southeast Asia and has expanded over the years to include the region’s dynamic property markets, including Australia, China, Greater Niseko in Japan, and India.

Organised by PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty are supported by official portal partners PropertyGuru.com.my and iProperty.com.my; official venue The Majestic Hotel Kuala Lumpur; official magazine Property Report by PropertyGuru; and official supervisor HLB.

For more information, email awards@propertyguru.com or visit the official website: AsiaPropertyAwards.com.

ABOUT PROPERTYGURU ASIA PROPERTY AWARDS

PropertyGuru’s Asia Property Awards, established in 2005, are the region’s most exclusive and prestigious real estate awards programme. The Asia Property Awards are recognised as the ultimate hallmark of excellence in the Asian property sector. Boasting an independent panel of industry experts and trusted supervisors, the Awards have an unparalleled reputation for being credible, ethical, fair and transparent.

In 2023, the Awards series is open to more than a dozen key property markets around the region. The exciting gala events welcome senior industry leaders and top media, as well as reach property agents and consumers via live streaming. Recognising excellence within each Asian market with a variety of categories, including green and sustainable development, each local awards programme will culminate in the PropertyGuru Asia Property Awards Grand Final, which takes place after the PropertyGuru Asia Real Estate Summit during ‘PropertyGuru Week’ in December 2023.

For more information, please visit AsiaPropertyAwards.com

ABOUT PROPERTYGURU GROUP

PropertyGuru is Southeast Asia’s leading1 PropTech company, and the preferred destination for over 41 million property seekers2to connect with more than 63,000 agents3 monthly to find their dream home. PropertyGuru empowers property seekers with more than 3.2 million real estate listings4, in-depth insights, and solutions that enable them to make confident property decisions across Singapore, Malaysia, Thailand, Indonesia, and Vietnam.

PropertyGuru.com.sg was launched in Singapore in 2007 and since then PropertyGuru Group has made the property journey a transparent one for property seekers in Southeast Asia. In the last 15 years, PropertyGuru has grown into a high-growth PropTech company with a robust portfolio of leading property marketplaces across its core markets; award-winning mobile apps; mortgage marketplace, PropertyGuru Finance; and a host of enterprise solutions now under PropertyGuru For Business, including a high-quality developer sales enablement platform, FastKey, DataSense, ValueNet, Awards, events and publications across Asia.  

For more information, please visit: PropertyGuruGroup.com;  PropertyGuru Group on LinkedIn.

1 Based on SimilarWeb data between July 2022 and December 2022
2 Based on Google Analytics data between July 2022 and December 2022
3 Based on data between July 2022 and December 2022
4 Based on SimilarWeb data between July 2022 and December 2022

PROPERTYGURU CONTACTS:

General Enquiries:
Richard Allan Aquino, Head of Brand & Marketing Services
M: +66 92 954 4154
E: allan@propertyguru.com

Media & Partnerships:
Nate Dacua, Media Relations & Marketing Services Manager
M: +66 92 701 2510
E: nate@propertyguru.com

Sponsorships:
Kanittha Srithongsuk, Regional Manager, Awards Sponsorship
M: +66 93 293 9794
E: kanittha@propertyguru.com

Sales & Nominations:
Samuel Poon, Asst. Manager (Malaysia & China) – Awards
M: +60 16 411 4361
E: samuel@propertyguru.com


NOTE: Use of the PropertyGuru Asia Property Awards logo is limited to the publication of this article only.