New manufacturing plant is a strategic growth investment in the region, bringing enhanced supply chain stability to the semiconductor industry
Greene Tweed, a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components, announces its investment plans for a new manufacturing facility in Cheongju-si, Chungcheongbuk-do, Republic of Korea.
Greene Tweed is investing in Korea to support the continued growth of the global semiconductor industry. The company plans to manufacture some of the most widely adopted and advanced elastomer seals that consistently enable reliable performance and meet the most demanding specifications and standards. The facility is expected to start production in early 2024. The new manufacturing site will enable Greene Tweed to increase global capacity, enhance its business continuity plans, and help improve lead times and responsiveness for their global customers.
“Greene Tweed has a history of investing to support future growth that enables the company’s long-term operational capabilities & continued innovation, and increases our capacity to facilitate our customers’ growth. This new Korean manufacturing site will help enable our customers’ technology roadmaps and growth plans,” said Magen Buterbaugh, President and CEO.
The groundbreaking ceremony for the facility is planned for June, with construction estimated to be completed in early 2024. The new facility will combine Greene Tweed’s proven and tested technologies with advances in automation to manufacture products at the high standards that customers demand and expect. While the facility may eventually produce additional product lines, the new capacity will initially be dedicated to Greene Tweed’s Chemraz(R) product line, a leading brand for sealing solutions to semiconductor, energy, and industrial markets. “The facility will focus on creating value and improving delivery time to customers. Over the last few years, the instability in the global supply chain has been every customer’s top priority. Greene Tweed continues to prioritize our customers’ needs by investing in technology and operation efficiency. We are excited to continue growing our capacity and capability to better support the global demand for our products,” says Thyag Sadasiwan, Business Unit Director – Chemraz(R).
The announcement of the investment was made by Allon Bloch, Chairman of Greene Tweed, at a forum hosted by the US Chamber of Commerce’s US-Korea Business Council, with Yoon Suk Yeol, President of the Republic of Korea. The company would like to thank the Ministry of Trade, Industry and Energy, as well as the Korea Trade Investment Promotion Agency for their support of this project.
To learn more about Greene Tweed’s full range of capabilities, visit: https://www.gtweed.com/.
Greene Tweed is a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components. Combining more than 150 years of technical expertise and commercial knowledge in a variety of markets, Greene Tweed collaborates with customers to develop engineered solutions that meet challenging performance requirements of the aerospace/defense, energy, semiconductor, industrial, life sciences, and chemical processing industries.
Greene Tweed products are sold and distributed worldwide. For additional information, call +1.215.256.9521, or visit http://www.gtweed.com.
Contact Information Lee Kershner Corporate Marketing lkershner@gtweed.com +1.215.853.4527
The PropertyGuru Asia Property Awards (Australia) programme officially opened its sixth edition in 2023 as overseas property seekers return to the renowned investment destination.
CaptFrom L-R: Josh Chye, Partner, Tax Consulting, HLB Mann Judd, the awards official supervisor; Lui Violanti, Chairperson of the PropertyGuru Asia Property Awards (Australia) and regional manager for Western Australia at Inhabit Group; Jules Kay, General Manager of PropertyGuru Asia Property Awards and Events; and Sally Picot, Group General Manager of Sales, Scape Australiaion
Australia’s finest developers and design practices may submit their entries to the 6th PropertyGuru Asia Property Awards (Australia), which will be presented for the first time ever in Australia during a black-tie gala dinner and ceremony in Melbourne in October.
The launch of the Awards in Australia comes as residential real estate in the country strengthens its reputation as a long-term, stable-growth asset class for end use and investment. Australia during the pandemic emerged as a safe haven where residential property prices have since continued to grow, according to research by Property Report by PropertyGuru, the official magazine of the Awards. This has emboldened Asian buyers to look for second homes in the popular international education destination following eased border restrictions.
Jules Kay, general manager of PropertyGuru Asia Property Awards and Events, said: “The Awards in Australia have grown to be much more comprehensive in the post-pandemic era, expanding to cover more states and a wider range of developers. This reflects the needs of an increasingly diverse pool of domestic and international property seekers, including upgraders, seniors, international students and foreign investors. This year, we plan to celebrate the diversity and success of the Australian market in new, even more exciting ways.”
Lui Violanti, chairperson of the PropertyGuru Asia Property Awards (Australia) and regional manager for Western Australia at Inhabit Group, said: “With great excitement and pride, we open the 2023 edition of the Awards in Australia to worthy entries from all over the country. We challenge Australia’s finest developers and design practices to showcase their latest and greatest achievements to the rest of Asia Pacific as property seekers across the region eagerly search once more for the country’s best homes, aged-care environments, student accommodations, commercial spaces, mixed-use sites, and investment assets. The sixth edition of the Awards in Australia are truly something to look forward to this year.”
In a milestone occasion, the PropertyGuru Asia Property Awards (Australia) will be celebrated for the first time within the country at the Grand Hyatt Melbourne ballroom on Friday, 13 October.
Key dates for the 2023 edition: 4 August 2023 – Entries Close 28 August – 15 September 2023 – Site Inspections 19 September 2023 – Final Judging 13 October 2023 – Gala Dinner and Awards Ceremony in Melbourne, Australia 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 4 August 2023 here: asiapropertyawards.com/nominations
Jules Kay, General Manager of PropertyGuru Asia Property Awards and Events
Connecting with international property seekers
Jules Kay and Lui Violanti led the ‘Connect with Southeast Asia’ event at Pullman Quay Grand Sydney Harbour that officially launched the 2023 edition of PropertyGuru Asia Property Awards (Australia).
Sally Picot, group general manager of sales at Scape Australia, winner of the Best Student Accommodation Development award at the 5th PropertyGuru Asia Property Awards (Australia) 2022, attended the launch in Sydney. Also in attendance was Josh Chye, partner and head of tax at HLB Mann Judd, representing HLB, the official supervisor of the Awards.
HLB, the global network of independent advisory and accounting firms, is responsible for upholding the fairness, credibility, and integrity of the selection process. As the official supervisor of the Awards, HLB makes full use of a professionally run, fully transparent judging system.
The selection process, which includes rigorous site inspections and deliberations, involves an independent panel of judges. Led by Lui Violanti, the judging panel is composed of experts in a wide array of fields from architecture and design to real estate consultancy.
Top award recipients from Australia will be eligible to compete with their peers across the Asia-Pacific region at the 18th PropertyGuru Asia Property Awards Grand Final 2023 on 8 December in Bangkok, Thailand. Last year, Spacious Group won the Best Boutique Developer (Asia) title at the 17th PropertyGuru Asia Property Awards Grand Final. Paradiso Place by SPG Land clinched both the Best Smart Building Development (Asia) and Best Integrated Work From Home Development (Asia) awards while Zero Gipps by Dare Property Group and The Archwood Residences by Mayrin Group won the Best Eco Friendly Commercial Development (Asia) and Best Housing/Landed Architectural Design (Asia) awards, respectively.
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 6th PropertyGuru Asia Property Awards (Australia) are supported by official magazine Property Report by PropertyGuru; official publicity partner Good Talent Media; media partners Australian Property Journal, The Property Tribune, and Your Investment Property 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.
ASTI Holdings (ASTI or the Company) said today that any attempt to overhaul the composition of its current board of directors would potentially disrupt operations and financial performance after a recent turnaround, and be counter-productive to ongoing efforts to secure an exit offer to unlock value for shareholders.
The directors were responding to the 53-page 3 April 2023 Circular released by four shareholders – Mr. Ng Yew Nam (“Mr. Ng”), Mr. Lim Chee San, Mr. Toh Cheng Hai and Mr. Ng Kok Hian – who had requisitioned to replace the current board of SGX Mainboard-listed ASTI with new directors. The directors consider several statements in the circular to be “wrong or misleading or give an incomplete picture”.
While the requisitioners had highlighted “adverse developments… and the deteriorating value of the Company’s shares”, the directors said ASTI had declared an interim dividend of 0.45 Singapore cent for the financial year ended 31 December 2022 (“FY2022”) – its first from operating profits in a decade – after recording a profit after tax of S$3.0 million that reversed a pre-tax loss of S$8.1 million in FY2021.
The Board said the FY2022 turnaround led by Mr. Anthony Loh (the CFO who was given additional duties on 31 December 2021 as Acting CEO) was achieved after retrenchments at ASTI and its 40.9%-held subsidiary Dragon Group International Limited (“DGI”), ceasing loss-making units, downsizing corporate and administrative functions and relocating to a smaller office.
Notably, the Directors added, the cost-cutting included reducing the remuneration of the then CEO, Dato’ Michael Loh and the then Group Business Development Director Mr. James Soh (“Mr. Soh”) which reduced total employee remuneration by S$3.3 million per year. The latter is one of two candidates proposed by the requisitioners as incoming executive directors.
Mr. Soh was ASTI’s Vice President of Business Development from 2019 up to his retrenchment in 2021, a tenure which coincided with the Company’s recent loss-making years. He was concurrently the Vice President of Business Development at DGI. In FY2020, Mr. Soh was ASTI Group’s highest-earning employee (excluding the CEO and directors) with an annual remuneration range of S$500,000 to S$599,999. In FY2019, he was one of the top four earners in the Group, with annual remuneration of between S$250,000 to S$499,999, ASTI said.
Despite the FY2022 performance, ASTI could not meet the deadline of 5 June 2022 to exit the SGX-ST Watch-list as its six-month average daily market capitalisation was short of the S$40 million threshold. After several attempts to extend the deadline were rejected, ASTI’s shares were suspended from 5 July 2022 pending the completion of an exit offer. ASTI is currently in discussions with Thailand-listed Capital Engineering Network Public Company Limited on a potential exit offer.
“The Company’s positive performance in FY2022 puts it in a stronger position to secure a fair and reasonable exit offer for shareholders as part of its directed delisting. This remains the Board’s immediate priority, and it is presently working hard to secure the same in order to maximise value to the Company’s shareholders,” ASTI said.
An overhaul of the management team and the removal of Acting CEO Mr. Anthony Loh “would potentially disrupt the Company’s operations and affect the Group’s financial performance moving forward. The Proposed Resolutions would also be counter-productive to the Board’s efforts to secure an exit offer in the near future” ASTI added.
ASTI also expressed concerns relating to the two persons that the requisitioners had proposed as incoming executive directors – Mr. Ng and Mr. Soh.
ASTI directors believe Mr. Ng has limited experience managing a listed company and “in navigating the company through the delisting and exit offer processes.” While the requisitioners’ circular had cited Mr. Ng as the current managing director of iTrue Technologies Pte. Ltd. and iTrue China Private Limited, a search of the ACRA business registry did not find any company registered under the latter name. ASTI urged shareholders to seek clarification as to whether there may be any other omissions, errors, or inconsistencies in the information provided by Mr. Ng in the Circular.
As to the other proposed executive director, Mr. Soh – a former Vice President of Business Development of the Company – who is now a business consultant to ASTI “had on several occasions declined the Board’s various invitations to familiarise himself with the Company’s business”. Also, he has no prior understanding of the Company’s tape and reel business operations in the Philippines, the Directors said.
The Directors also asked if the Proposed Directors including Mr. Soh and Mr. Ng had “a reasonable timeframe in which they aim to achieve a successful exit offer should they be appointed, whether they currently already have viable leads on an exit offer and whether they would be prepared to share these with the Company now that the Requisitioning Members have failed to call the Proposed EGM.”
The Board announced last week that the Extraordinary General Meeting originally proposed to be held on 5 May 2023 (“Proposed EGM”) was invalid and does not and cannot constitute a proper EGM as the requisitioners had failed to despatch relevant documents to shareholders on time.
The Board warned requisitioners “not to take any further step towards any purported ‘postponement’ of the Proposed EGM”, and that such actions “would be treated as deliberatively disruptive… as well as an attempt to sow confusion on the other shareholders.”
The Board also “exhorts the Requisitioning Shareholders as well as Mr. Soh to be “transparent and forthcoming”, and requested that Mr. Ng “should be transparent as to his possession or control of, or access to, one or more shareholding list(s) of the Company, or else he should issue an unequivocal denial. He should also explain the several sale and purchase agreements he entered into in February 2023… the price(s) he agreed to pay for the shares in question, and his motivations for so doing despite the fact that the trading of shares in the Company is suspended.”
Media & Investor Contact Isaac Tang WhatsApp (Text): +65 9748 0688 asti@wer1.net
Group to undertake bored piling works involving two serviced apartment blocks and one office block
Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, is pleased to announce that the Group has received a letter of award from Reliacon Sdn. Bhd. for bored piling works worth RM30.28 million related to a serviced apartment and office project located in Bandar Melaka.
Managing Director of Aneka Jaringan, Pang Tse Fui
The project involves bored piling works for one 41-storey block of serviced apartments, one 40-storey block of serviced apartments, one 15-storey office block, a seven-storey car park and one level of commercial space.
The project commences in May and is expected to take eight months to complete.
Managing Director of Aneka Jaringan, Pang Tse Fui said, “The Group is steadily getting jobs as we focus on our markets in Malaysia and Indonesia. This will replenish our order book and assist the Group in improving the topline and bottomline performance while contributing positively to the financial years ending 31 August 2023 (FYE2023) and 31 August 2024 (FYE2024).
“We will continue to seek projects from the government and private sectors of both Malaysia and Indonesia and are anticipating a strong pipeline of projects.”
Aneka Jaringan has an order book of RM137 million as of 30 November 2022, with Malaysian operations contributing RM124 million and Indonesian operations contributing RM13 million.
As of 31 March 2023, the Group’s tender book stood at RM1.19 billion, with tenders in Malaysia valued at RM1.12 billion and tenders in Indonesia valued at RM68 million.
HostDime, a hyper-edge global data center company, is proud to announce its new Tier IV Colombia Data Center has received the EDGE (Excellence in Design for Greater Efficiencies) certificate, which is awarded to buildings that demonstrate resource efficiency of at least 20 percent in energy, water, and embodied energy in materials.
EDGE is a green building standard and a global certification system developed by the World Bank’s International Finance Corporation that certifies the design and resource efficiency of green buildings. EDGE is a measurable way for builders to optimize their designs to help create a sustainable future and provide better investment rates for HostDime and their clients.
HostDime’s Colombia “Nebula” Tier IV Data Center is the first data center in Latin America to meet these EDGE certification standards.
“We are very proud of obtaining the first EDGE Green Certificate in Latin America. Incorporating all these environmental features in our New Colombia Tier IV ‘Nebula’ Data Center allows us to operate one of the most sustainable data centers in the world. Our commitment is aligned with the broader data center industry’s ESG efforts. As we continue to build out our next-gen purpose built Tier IV Data Centers throughout Latin America, we will continue to adapt such sustainable features while also taking advantage of renewable energy sources,” says Edwin Tello, VP of HostDime Latin America.
Data centers account for an estimated 1% of worldwide electricity use, so the industry must be conscious of its responsibilities. ESG (environmental, social, and governance) considerations are crucial when designing, constructing, and operating purpose-built data centers. Taking ESG issues seriously maximizes operational efficiencies and reduces overall risks.
Power consumption can be used to measure data center efficiency. PUE (Power Usage Effectiveness) is the measurement of how efficiently a data center uses energy. The lower the PUE, the better. While HostDime achieves at or under 1.3 PUE in their constructed data centers, most providers have a PUE in the 1.6 or higher range. Bringing PUE down across the data center industry is an obtainable and worthwhile objective. HostDime’s purposeful use of power-efficient electrical components, modular POD footprints, hot aisle containment, highest efficiency chillers, and renewable energy use all correspond to a large reduction in annualized PUE.
HostDime continues to carry out additional actions to improve energy efficiency in its purpose-built facilities in Brazil, Mexico, Colombia, and the USA.
Last year, HostDime invested $1.2 million in the construction of a solar power plant to support the entire power infrastructure of their Joao Pessoa, Brazil, data center, as well as a planned 30% expansion.
This year, HostDime will open their flagship data center and headquarters in Orlando, Florida. The rooftop of this facility will feature high-density solar panels; up to 1MW of the facility’s 5MW will be powered by the sun. Taking advantage of the Florida sun will reduce operating costs, lock-in energy costs, and decrease their carbon footprint.
“We are constantly evolving our data center designs and best practices to create energy efficiencies so that we can build and operate facilities that positively impact future generations.” – David Vivar, HostDime’s VP of Global Engineering.
HostDime’s green initiatives solidifies to their staff, customers, and the marketplace that ESG principles are held to the highest importance. Designing and building an environmentally friendly green data center should be a pattern followed by every new data center worldwide. On this Earth Day, we must take a stand and take care of our resources that are not infinite; together, we can do it.
About HostDime: HostDime is a hyper-edge global data center company operating our owned purpose-built data center facilities in Mexico, Brazil, Colombia, and our flagship facility in Florida, USA, and with owned networks in the UK, India, and Hong Kong. Our mission is to design, build, and operate purpose-built, next-gen data center facilities at the global edge.
We offer an array of core digital infrastructure products and services, including colocation (private data center suites, cages, racks), interconnection (cross-connects, peering, transit), Hardware-as-a-Service (bare metal servers, lease-to-own servers, hardware procurement), cloud infrastructure (private, hybrid, multi-cloud), and managed services (server management, remote hands, smart hands).
Contact Information: Jared Smith Director of Marketing jared.s@hostdime.com 386-341-0855
While serving as President of Worldwide Operations of Walt Disney Parks and Resorts, he oversaw Disney’s worldwide amusement parks, hotels-resorts, cruise lines, as well as products and experiences
SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a Sky Technologies) SKYX, a highly disruptive platform technology company with over 60 issued and pending patents globally with a mission to make homes and buildings become safe and smart as the new standard, announced today that Al Weiss, former President of Worldwide Operations of Walt Disney Parks and Resorts, has joined SKYX as a senior business development advisor. Mr. Weiss will assist the company with strategic business introductions, partnerships, and engagements in the U.S. and globally.
Prior to joining SKXY, Mr. Weiss had a distinguished 39-year career at The Walt Disney Company. Starting as an 18-year old cast member, he climbed the ranks holding several senior positions including President of Walt Disney World Resorts from 1994 – 2005, at which point he was appointed Disney’s Worldwide President of Operations. While serving as President of Worldwide Operations of Walt Disney Parks and Resorts, he oversaw Disney’s worldwide amusement parks, hotels-resorts, cruise lines, as well as products and experiences. Beyond Disney, Weiss has held various leadership positions, including Chairman of the Metro Orlando Economic Development Commission, Trustee at the University of Central Florida as well as Stetson University, and serving on the founding Board of Directors for Travel Promotion. In 2018, he launched Global Blockchain Ventures, a $100 million fund to invest in blockchain technology, where he serves as Chairman and General Partner.
Mr. Weiss said: “I am truly excited to join Rani, the SKYX team and their ‘movement’, as I strongly believe that the safety aspects and smart features of SKYX’s smart platform technologies are game changing and will become a new standard for safe and smart homes, buildings, hotels and even cruise ships.”
“We are happy and proud to announce that such a prominent business leader is joining the SKYX ‘movement’,” said Rani Kohen, Founder and Executive Chairman of SKYX Platforms. “In his new role, Mr. Weiss will assist the Company with strategic introductions, partnerships, and other engagements both in the U.S. and globally. I look forward to working closely with him to open new doors for SKYX in the quarters ahead.”
About SKYX Platforms Corp. As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard.
SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://SKYXPlatforms.com or follow us on LinkedIn.
Forward-Looking Statements Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. Such forward-looking statements include statements such as that the safety aspects and smart features of SKYX’s smart platform technologies are game changing and will become a new standard for safe and smart homes, buildings, hotels and even cruise ships. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company’s efforts and ability to drive the adoption of Sky’s Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Media Relations Contacts: Britney Ouzts/Barbara Goldberg O’Connell & Goldberg, Inc. (754) 204-7074/ (954) 294-4677 bouzts@oandgpr.com / bgoldberg@oandgpr.com
Investor Relations Contact: Lucas A. Zimmerman MZ North America (949) 259-4987 SKYX@mzgroup.us
Group leveraging on small-to-mid-sized projects niche to seek more opportunities
Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company’s wholly owned subsidiary, SCIB Industrialised Building System Sdn. Bhd. (SCIBIBS), has been awarded an engineering, procurement, construction and commissioning (EPCC) subcontract valued at RM16.8 million from Majestika Sdn. Bhd.
Group Managing Director and Chief Executive Officer of SCIB, Rosland bin Othman
Majestika, the main contractor for the project, awarded the EPCC subcontract to SCIBIBS with a duration of 14 months for the construction of a school, Sekolah Kebangsaan Tambay, in Kota Samarahan, Sarawak.
Group Managing Director of SCIB, Encik Rosland bin Othman said, “We are pleased to announce that this project comes on the heels of having been awarded a project to rebuild a school in Serian, Sarawak that was announced earlier in the month valued at RM20.65 million. Our strengths and focus on small-to-mid-sized rural infrastructure projects have enabled us to build a strong portfolio that we can leverage on when seeking such projects.”
“SCIB offers EPCC services that are supported by our manufacturing arm, which is the leading precast concrete and IBS manufacturer in East Malaysia. We are actively pursuing projects for dilapidated schools in Sarawak and Sabah, which have been allocated RM920 million. This is on top of bidding for projects in both states, which have been allocated RM5.6 billion and RM6.5 billion respectively under the re-tabled Budget 2023.”
The Company’s share price as of 28 March 2023 is 0.125 sen with a market capitalisation of RM72.8 million. SCIB has an order book of RM388 million as of March 2023.
BuildTech Asia (BTA), the leading platform for Asia Pacific’s building and construction industry, is back for its 12th edition from 28 – 30 March 2023. A Constellar event, BTA’s theme this year is “Transforming Tomorrow’s Built Environment”, presented with 48 local and regional industry associations and partners. BTA 2023 will feature over 100 onsite exhibitors from 15 countries and regions (almost a 40% expansion from last year) and an extensive line-up of conferences, sandboxes and product launches to better equip and future-proof the sector.
Countries and regions participating include Singapore, Australia, Cambodia, China, Finland, Germany, Hong Kong, India, Israel, Japan, Korea, Malaysia, Poland, Sweden, Taiwan and USA.
Official Launch of BCA – STAS Shared Services Providers (SSP) Scheme
Guest-of-Honour Senior Minister of State for Ministry of Communications and Information & Ministry of National Development Mr Tan Kiat How will officiate the opening of BTA 2023 with an opening address and the official launch of Specialists Trade Alliance of Singapore (STAS)’s Shared Services Registry, a significant milestone in STAS’s commitment to digitalising the Built Environment sector.
The adoption of Building Information Modelling (BIM) and Integrated Digital Delivery (IDD) is a key enabler of transformation in the Built Environment sector. It is a digital spine that links project stakeholders throughout the entire building lifecycle. The Shared Services Registry serves the BIM and IDD procurement needs of stakeholders, especially SMEs, in their digitalisation journey. The pilot was successful, and the Shared Services Registry will be scaled up to implement more rigorous quality checks and open up for public registration from Q3 2023.
Experience Tomorrow’s Built Environment in person
BTA 2023 will deep-dive into three dimensions of emerging technologies and solutions that are making an impact on industries today – Digitalisation, Smart Construction (Robotics & Automation) & Green Construction (Sustainability). To better demonstrate the utilisation of new technologies and solutions, BTA 2023 has curated and will be introducing two new experiential zones:
The Smart Construction Experience Zone, powered by Tractors Singapore Limited (TSL), a leading equipment dealer in Singapore distributing a full line of Cat® machines and engines such as the Excavator 320 and the Vibratory Soil Compactor CS11GC
The Robotics & Automation Experience Zone, featuring Singapore SMEs such as Doog International, who will be showcasing their user-friendly and highly scalable autonomous mobile robots such as “THOUZER”, a versatile robotic cart with a payload capacity of 120kg, a towing capacity of 300kg and equipped with Follow-Me and Memory Trace® Technology, developed to navigate challenging construction work sites and execute automated repetitive tasks
BTA 2023 will also welcome new companies offering their latest solutions, equipment and machinery for the sector:
Knauf Plasterboard Ptd Ltd: one of the world’s leading dry construction systems and solutions providers
Liugong Machinery Co., Ltd: 10th-largest construction equipment manufacturer by global market share and the world’s largest manufacturer of wheel loaders
Pee Huan Pte Ltd: authorised distributor for the HELI Forklift brand and has more than 20 years of experience in the material handling industry
Sany South East Asia Pte Ltd: 3rd-largest heavy equipment manufacturer globally and one of Singapore’s leading supplier offering sales, services and technical solutions in the crane industry
SquareDog Robotics Limited: who will be showcasing SQD-Robo Patrol, its cost-effective, multi-functional robot that provides 24/7 security patrol for the warehouse
BTA 2023 will also see returning key industry players such as Buildo Engineering Pte Ltd, Lingjack Digital Pte Ltd, PDS International Pte Ltd and SPC Industries Sdn Bhd, who are looking forward to showcasing how their latest equipment and solutions can meet evolving building and construction needs.
Bridging knowledge gaps and addressing industry challenges
BTA 2023 will also be launching its inaugural Built Environment Transformation Forum, where industry leaders and experts will be sharing about post-pandemic collaboration opportunities as well as trends and policies pivotal to the Built Environment Sector. Kicking off the forum is a fireside chat on sector transformation with Mr Heng Teck Thai, Deputy CEO (BuildSG Office) of the Building and Construction Authority (BCA).
BTA is also working with Asia Pacific Assistive Robotics Association (APARA), World of Safety and Health Asia (WSH Asia), Singapore Contractors Association Limited (SCAL), Association of Women in Construction (AWiCS), Singapore International Facility Management Association (SIFMA) and the exhibitors, to offer six half-day conferences and over 80 conference sessions, product launches and sandboxes on the latest industry developments, technology advancements and best practices for the sector.
Participants can expect insightful discussions on digitalising their operations, incorporating artificial intelligence or AI and robotics for smart construction, adopting sustainable practices, refreshing safety measures, and upgrading their knowledge in integrated facilities management. Sessions to look out for include:
The update on The Accreditation of Project Managers (APM) scheme by Mr Jonathan Shek, Chairman of the Society of Project Managers, aimed at enhancing standard of project management practice in Singapore’s built environment & construction industry
Improving measurement accuracy with 3D laser scanning by Mr Mika Honkavuori, Entrepreneur, RECURE
Establishing proper data preparation platforms to facilitate accurate retrieval of AI datasets by Mr Kevin Quah, Founder & CEO, Tictag
Propelling ahead with sustainability efforts
BTA 2023 is also the first event in Singapore EXPO to be piloting the sustainability measurements proof-of-concept under Singapore’s MICE Sustainability Roadmap with SACEOS to measure event waste and carbon emissions. Together with Singapore EXPO, BTA will be coordinating closely with its exhibitors, suppliers and partners to identify waste drivers and boundaries, and generate actionable insights for the industry to make informed decisions to achieve net zero by 2050. Singapore EXPO, managed by Constellar, also recently announced key investment projects towards achieving Net Zero by 2024.
“The pilot deployment of the sustainability measurements proof-of-concept at BTA 2023 will offer the Singapore MICE industry valuable insights and experience from diverse perspectives. These are especially important to Constellar as both an exhibition organiser and MICE venue operator, and will enable us to play a meaningful role in the MICE eco-system where collaboration with partners is the only way to reach the scale of impact needed,” said Mr Jean-François Quentin, Group Chief Executive Officer, Constellar.
BTA 2023 will be at Singapore EXPO Hall 3 from 28-30 March 2023.
BuildTech Asia is the Asia Pacific premier platform for the built environment sector which showcases the latest smart solutions and productive technologies across the entire building life-cycle. With international and regional brands showcasing the most comprehensive exhibiting profile such as onsite construction machinery & equipment, building materials & solutions, architectural & quality finishes, productive technologies, facilities management, and infrastructure solutions to help accelerate the built environment sector to build faster and smarter. The annual event provides a gateway into Asia to network with a wide range of practitioners, technology experts, industry players, developers, agents, and distributors in the building and construction industry.
About Constellar
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ACROMETA Group Limited, an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, announced that it has entered into a Memorandum of Understanding (MOU) with a Thailand company whose principal activity is the provision of industrial waste disposal services.
The Thailand company provides non-hazardous waste disposal services. It owns and operates one of Thailand’s largest landfills and requires a laboratory in Thailand (“Laboratory”) for the testing and certification of solid waste and sludge to ensure proper treatment of any hazardous materials.
The MOU states the intention by the parties to jointly discuss and negotiate definitive agreements on:
1. The design and construction of the Laboratory by ACROMETA’s wholly-owned subsidiary Acromec Engineers Pte Ltd 2. The operation of the Laboratory by ACROMETA’s co-working laboratory space operator Life Sciences Incubator Pte Ltd (“LSI”) 3. Opportunities for ACROMETA and/or its subsidiaries to participate as a joint venture partner in the ownership of the Laboratory.
The MOU shall be valid for a period of six months from the date of signing with the option for extension by mutual agreement.
ACROMETA’s Future Economy + Synergy Strategy
On 20 February 2023, ACROMETA announced that it had entered into a binding letter of intent to purchase an additional 40% of the shares of LSI to become the controlling shareholder. On expected completion date, LSI will be a 70% owned subsidiary of ACROMETA.
ACROMETA Chairman Mr Levin Lee Keng Weng had said, “This potentially carves out a new promising mainstream business for us as controlled environment specialist.”
The co-working laboratory space business has strong growth potential as Singapore transforms its economy towards high-value sectors such as Biotech, Agritech, and Foodtech with more and more companies conducting research & development activities. Serving SMEs and start-ups and in particular those in the MedTech, Biotech, Biopharma, FoodTech, and Healthcare sectors, LSI provides flexible co-working laboratory spaces for their research and development. It also has synergy with ACROMETA’s core controlled environments design and construction business.
Chief Executive Officer Mr. Lim Say Chin had added, “Our wholly owned subsidiary Acromec Engineers, with its experience as builders of cutting-edge laboratories will continue to support LSI’s expansion with its controlled environments engineering expertise in Singapore and the region.”
On the MOU with the Thailand company, Mr. Lee said, “A future economy business such as the operation of co-working laboratory space plus its synergy with ACROMETA’s current core controlled environments design and construction has the potential to elevate the Group to a higher growth trajectory. It also opens the door for ACROMETA to scale its business, including expansion overseas.”
In its 20 February 2023 announcement, the Group also mentioned that it was in talks for the proposed development of a co-working laboratory space in Australia, with world-renowned co-working space operator who has in principle agreed, subject to binding agreement, to be one of the anchor tenants.
About ACROMETA Group Limited (SGX Stock Code: 43F)
ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.
The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.
ACROMETA’s business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates a 6,500 sq feet co- working laboratory space at The German Centre in Singapore serving SMEs and start-ups.
The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA counts amongst its customers, hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.
The company has been listed on the Catalist board of the Singapore Exchange since 2016.
This media release has been reviewed by the Company’s sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.
St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is pleased to announce that it has filed a provisional patent covering a new breakthrough achieved in the spodumene processing and lithium hydroxide production technologies.
Highlights – 92% of Nitric acid recirculated into hydrometallurgical process Resulting in Zero Waste Lithium Production – Continuous reaction in saturated solution growing lithium crystals with no energy added – Significant cost savings – 98% recovery of Lithium in spodumene with 99% purity in Lithium Hydroxide Crystal – Improved optionality to process multiple sources of feedstock using the same process – Lithium Production Plant Engineering Study Initiated with WSP – Spodumene Concentrate Feedstock discussions underway with 3 potential clients.
Over the last few years, St-Georges’ metallurgical team has been developing a process using material from multiple mining sources which allows the production of lithium hydroxide and lithium metals from hard rock spodumene concentrates. Our unique approach allows for all the nitric acid used in the process to be either recirculated or amalgamated into fertilizer by-products. Because the majority of the acid is being recirculated, what is left in the waste product is of no significance and thus requires little to no neutralizing before it can be sold to cement and asphalt producers. Thus, the process produces no tailings and monetizes all the input materials making it one of the greenest processes on the market today.
Tests have shown that an average of 92% of the nitric acid used in our process gets recirculated and The Company’s metallurgists believe that with ongoing testing this could be improved to a theoretical limit of 95% by reducing the humidity level during prior stages of the process.
Other improvements to various aspects of the processing technology not only represent major energy saving in the pretreatment phase of the process, but also in the production of battery grade lithium hydroxide and lithium metal from other hard rock sources that traditionally require heavy heat and energy input to break down the material. However, the most significant cost savings come from the fact that St Georges can produce 99.99% pure Lithium Hydroxide in one step after novel treatment of the lithium in solution through the use of an electro-winning method, thus omitting the need to ship lithium concentrates to a third party for refining. It also gives North America a solution for hard rock resources.
It is important to note that the technology can also be used with lepidolite, petalite and zinnwaldite, leveraging the improvements to the calcination treatment and has been incorporated into this patent application.
Applications to Battery Recycling
The technology was also tested with Lithium and with Lithium-Iron-Phosphate used batteries with significant novel improvements and costs reductions, improving the recovery of the strategic mineral and the commercial viability of the operation by magnitudes.
“I believe this process bridges the gap between the good brines and hard rock resources available around the world. In Canada, we have made large efforts and investments and have yet to achieve a viable solution which is why I am very excited by the progress achieved from our team because we believe we have the solution to unlock North American hardrock lithium resources. In saying that, we view ourselves as a complement to the industry and look forward to working with our peers to help advance lithium projects and meet the growing demand. On a personal note I believe resources should be evaluated for their resource and technology. By combining the right options billions of dollars can be saved,” said Enrico Di Cesare, CEO of St-Georges Metallurgy Corp.
“Until now, developers of lithium projects and spodumene concentrates producers might have perceived us as just another novel process using different acid mix and a few other witty twists… moving forward, it will become difficult for everyone planning a production project to ignore the potential savings in building and operating a plant that won’t require much energy… after the reaction is started there is no electrolysis and no additional heat applied, the saturated solution just grows lithium crystal as long as feedstock is added… I can’t imagine a simpler tech to operate,” commented Frank Dumas, COO of St-Georges Eco Mining Corp.
Lithium Processing plant
Now that The Company has completed the review of the engineering concepts supporting the design and building of a hybrid lithium hydroxide and lithium metals plant, St-Georges has contracted WSP to model the process and establish capital costs associated with the tech plant.
We look forward to updating shareholders upon the completion of the study.
Feedstock Agreements Under Discussion
Currently, St-Georges is awaiting the arrival of 3 different shipments of approximately 200 kg each of spodumene concentrates from companies operating spodumene mines in South African countries. Once received, The Company will process this material and use the data obtained to negotiate a fair profit-sharing agreement with the producers of the concentrates.
Additionally, The Company is in talks with several different producers, developers and mineral explorers to secure spodumene concentrate. As developments occur, updates will be provided.
Nickel & Chromium Developments
St-Georges’ metallurgists received the results of additional independent tests conducted with one of its contracted facilities in Ontario in relation to its Nickel and Chromium research and development.
The Company produced stainless steel in a single step from material obtained from spent batteries and nickel from mineral resources.
St-Georges is in continuous development for customized solutions for different battery recycling with these initiatives currently completed:
– Spodumene lithium process that works with lithium-ion batteries and can combine mineral resources and battery recycling efficiently with no tailings or output footprint. – Alkaline batteries have been optimized for fertilizer and new results show that they can be converted to ferro manganese using renewable carbon resources like char. – Nickel cadmium batteries were successfully converted to ferro nickel and stainless steel.
The latter is a major improvement and warrants further work with our resources and complementary resources such as chromium besides the battery recycling initiatives.
All the testing work was carried out by independent laboratories.
Further work is being initiated for other hydrometallurgical options potentially more efficient in different geographical regions, such as Italy with The Company’s potential partner Arabat that is using orange peels and other by products of orange juice production.
ON BEHALF OF THE BOARD OF DIRECTORS Frank Dumas Director & COO
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and full circle EV battery recycling. The Company explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on Quebec’s North Shore and has multiple exploration projects in Iceland, including the Thor Gold Project. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX and trades on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB Venture Market for early stage and developing U.S. and international companies under the symbol SXOOF. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on www.otcmarkets.com Visit St-Georges’ web site at www.StGeorgesEcoMining.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
