Kincora Announces Cutting-Edge Geophysics Confirms High Priority Drill Target At The Nyngan Project ACN Newswire

Kincora Announces Cutting-Edge Geophysics Confirms High Priority Drill Target At The Nyngan Project

Ambient Noise Tomography (ANT) and gravity geophysical surveys (the "Surveys") have confirmed and refined a regionally significant priority porphyry target located within the "Ace of Spades" region at the Nyngan Project ahead of imminent drill testingThe first ever copper-gold focused drilling program has recently commenced 1 at the northern portion of the Nyngan Project testing new porphyry district-scale potential with 6-8 drill holes for an estimated 4000-5000 metres scheduled before the end of yearThe Surveys also cover the location of a second designed hole and identified a number of new potential areas of interest also within the "Ace of Spades" region that will be reviewed in light of the results of the commenced drilling program in conjunction earn-in partner AngloGold Ashanti Australia (AngloGold Ashanti)The Surveys apply cutting-edge technology utilising the first ever integrated real-time ANT and ground gravity undertaken by Fleet Space Technologies Pty Ltd (Fleet Space) and complement Kincora and AngloGold Ashanti's planned drilling via an up to $50 million earn-in and joint venture agreement for the Nyngan and Nevertire ProjectsKincora has recently expanded its partnership with Fleet Space to include: (i) a listed equity investment, (ii) multiphysics surveys at the Wongarbon Project to identify and refine targets, and, (iii) Fleet Space having the right to drill test targets to earn an asset level interest in the Wongarbon Project 2.Melbourne, Australia--(ACN Newswire via SeaPRwire.com - October 22, 2024) - Kincora Copper Limited (TSXV: KCC) (ASX: KCC) (Kincora or the Company) is pleased to announce the initial interpretations from new geophysical surveying at a portion of the northern "Ace of Spades" region of the Nyngan Project, located in the Northern Junee-Narromine Belt (NJNB) of the Macquarie Arc, Central West New South Wales.Sam Spring, President and CEO of Kincora commented: "The geophysical surveys are being conducted in partnership with Fleet Space and include the first ever integration of gravity with a real-time ANT survey completed by Fleet Space. The Cadia intrusive system complex has a ~5.7km footprint, seven deposits within it, with regional geophysics able to identify key structures and geological units. What we are seeking to confirm in our first phase of drilling at Nyngan is the potential for multiple new Macquarie Arc intrusive system complexes that have similar multi-kilometre alteration zones and multiple deposit potential. The initial results from the Fleet Space surveys, coupled with existing regional geophysics, are positive providing a more detailed and refined geophysical model for an existing a high priority and large-scale target that is about to be drilled within the Ace of Spades region. The Ace of Spades is a very compelling new district scale opportunity, potentially the largest volcano-intrusive complex of the Macquarie Arc and has never been drilled.We are now in a very exciting period with the 6 to 8-hole program commenced. This program will drill a range of large-scale and separate intrusive system targets, focused on the Ace of Spades, within an existing pipeline of 16 targets that are permitted for drilling within the northern portion of the Nyngan Project."Background Fleet Space's real-time Ambient Noise Tomography (ANT) and ground gravity surveys, enabled by their end-to-end mineral exploration solution, Exosphere, are the first integrated surveys completed by Fleet Space and seek to apply cutting-edge technology to generate and interpret new homogeneous, primary datasets with existing regional geophysical surveys and geological data.The surveys have confirmed and refined a regionally significant priority drill target previously and separately identified by Kincora, AngloGold Ashanti and Fleet Space within the northern "Ace of Spades" region of the Nyngan Project. Existing regional geophysics strongly indicates that the Nyngan Project potentially hosts the largest volcano-intrusive complex of the Macquarie Arc offering new district scale potential situated in the northern under cover extension of the Arc - see Figure 1.It is well documented that the composite volcanic and intrusive complexes elsewhere in the Macquarie Arc, which hosts an estimated total mineral endowment of over 160Moz gold equivalent 3, have large alteration and geochemical halos that are often identifiable from regional geophysical surveys. For example the magmatic and alteration footprints at Cadia have a ~5.7km wide footprint, hosting two skarn and five porphyry deposits with a metal endowment of more than 50Moz gold and more than 9.5Mt copper 3, and regional geophysics is able to identify key structures and geological units (see Figure 2 for an illustration). Similar large geophysical features are present at the Nyngan Project and the survey area. Furthermore, the mineralised deposits in the Arc (including Cadia) and other globally significant porphyry districts generally occur in clusters situated on cross-arc structures. Similar structures have been identified by the Fleet Space surveys inline with existing regional geophysics - see Figures 1-3.Two existing 2024 field season Kincora and AngloGold Ashanti drill targets were covered by the Fleet Space surveys and are to be very shortly drill tested as part of the first ever copper-gold focused drilling program within the Ace of Spades. A 6 to 8-hole for an estimated 4000-5000m program has commenced and is scheduled before the end of year with earn-in partner AngloGold Ashanti within an existing pipeline of 16 targets that are permitted for drilling within the northern portion of the Nyngan Project.Confirmed and Refined High Priority Target at the Ace of SpadesThe Fleet Space multiphysics surveys have combined proprietary ground exploration techniques that minimise environmental impact by utilising seismic noise derived from natural and anthropogenic sources (two ANT surveys complete), with new gravity (two ground gravity surveys complete) and existing public access regional airborne magnetics and gravity.Intergration of these datasets have sought to:(i) identify and refine targeting of new composite volcanic and intrusive complexes,(ii) map the depth to basement,(iii) refine key structural features, and,(iv) identify changes in velocity and density that may reflect different lithological units.The regional ANT survey covered an area of approximately 35km2 with a tighter spaced infill and ground gravity survey area of approximately 9km2. Similar to other Fleet Space surveys in the district, the ANT velocity model provides a depth profile to approximately 2500m and 1000m in the infill survey.This marks the first time a Fleet Space real-time ANT survey has been accompanied by an integrated and coincident ground gravity survey to deliver complimentary nearer surface density models.The initial interpretation of the Nyngan multiphysics results have confirmed and refined an existing high priority drill target with several features of interest at both a regional and infill survey level having potential implications for future exploration.(i) Regional ANT survey results highlights:Multiple deep-seated structures consistent with existing magnetics and gravity features, refining interpreted potential cross-arc structures and separate target domains that may have influenced the emplacement of intrusions.Supported the potential for multiple volcanic and intrusive complexes.Average depth to basement of ~360m across the survey area.Identified a number of potential new areas of interest with low seismic velocity zones in the basement sequence (interpreted to potentially be related to hydrothermal alteration), near edges and/or above high seismic velocity bodies (interpreted to potentially be related to large intrusions at depth).(ii) Infill ANT and gravity survey highlights:Higher resolution of interpreted structures, with velocity and density models refining potential lithological domains, structures and cross-arc structures.Supported the potential for multiple intrusive stocks and additional drill hole targets.Confirms and refines an existing high priority drill target with the originally proposed drill hole collar moved ~400m.Imminent drilling will test a large scale target off the shoulder of a pronounced density and magnetic anomaly associated with a potential cross-arc structure and into a low-intermediate seismic velocity zone (interpreted to potentially be related to hydrothermal alteration and/or mineralisation) that lies above a high seismic velocity anomaly at depth (interpreted to potentially relate to a Macquarie Arc intrusion) - see Figure 3.The commenced drilling program is expected to provide enhanced geological understanding of the geophysical models resulting from the Fleet Space multiphysics surveys. Such learnings are expected to assist Kincora with future exploration and drill hole targeting at both the Nyngan Project, the recently expanded partnership with Fleet Space for the Wongarbon Project and the Company's existing pipeline of eleven other porphyry projects in the Macquarie Arc.New Potential Drill Targets At the Ace of SpadesCurrently Kincora and AngloGold Ashanti have an existing pipeline of 16 targets that are permitted for drilling within the northern portion of the Nyngan Project - see Figure 2. Two of these proposed for drilling before year-end are included in the Fleet Space survey area with a further two permitted covered by the regional ANT.Similar to other project level ANT surveys recently undertaken by Fleet Space in the Macquarie Arc at Waratah Minerals Limited's Spur Project ("Waratah", WTM.ASX) 4 and Inflection Resource's Duck Creek Project ("Inflection", AUCU.CSE) 5,6, a number of additional areas of potential interest for new large intrusive porphyry systems and potential drill targets have been identified in the Ace of Spades region.Inflection has been using Fleet Space ANT survey results, coupled with existing regional geophysics, as a key exploration tool in its drill hole targeting at Duck Creek.Results from down-hole geophysical surveying have reported zones of relatively high seismic/shear-wave velocity associated with competent intervals of monzodiorite, which supports the hypothesis that intrusions are likely to manifest in the ANT data as zones of elevated seismic velocity. Additionally, the surveying demonstrates localised areas of low seismic velocity associated with more intense hydrothermal alteration, which also supports the interpretation that low seismic velocities evident in the ANT survey can represent zone of hydrothermal alteration 7.The results of the multiphysics surveys at Nyngan will be reviewed in light of the commenced drilling program results in conjunction with AngloGold Ashanti and are expected to also assist with Fleet Space and Kincora's partnership for the Wongarbon Project.Further New District-Scale Opportunities Prospective early stage porphyry positions in the interpreted undercover extensions of the Macquarie Arc that offer new district scale potential have recently been the focus of five large earn-in and joint venture agreements supporting potentially over $300 million of exploration expenditure covering over 10,000km2. Most recently, only in August, Gold Field's re-entered the Macquarie Arc via a multiple phase, multiple project option agreement with a private explorer, Gold and Copper 8.Spatial and temporal settings, coupled with magnetics, gravity and ANT surveys, supports new district scale potential and that the largest sections of the Macquarie Arc may be located under post mineral cover.Kincora was an early entrant pursuing this strategy, securing a significant portion of the most prospective and shallow to moderate depth sections of this underexplored (often never drilled) sections of the Macquarie Arc.The Company is discussing further partnership opportunities with Fleet Space, amongst other groups, and notes the recent results of the Fleet Space and Inflection district scale ANT survey (>1800km2) which, when integrated with other existing datasets (including airborne magnetics and gravity), has resulted in four new priority targets, three of which commence within 2km's of Kincora's wider project portfolio (four if Duck Creek is included) in the Northern Junee-Narromine Belt (NJNB) 6 - see Figure 1.Kincora has recently secured three new wholly owned licenses covering 1,377km2 (the Nyngan West, Nyngan South and Nevertire South Projects) providing a continuous landholding along >100km strike of the NJNB (see Figure 1) 9 with a recent extremely positive review of the new Nevertire South Project supporting what Kincora believes is the most attractive geologically supported target in the covered extensions of the Macquarie Arc 10.Coupled with the highly prospective Wongarbon Project11, located on the northern Molong Belt, Kincora is seeking to confirm multiple new district-scale and porphyry discovery potential. Figure 1: Multiple Fleet Space surveys, existing regional magnetics and gravity surveys, and limited drilling to date supports Kincora and AngloGold Ashanti's interpretation that the Northern Junee-Narromine Belt hosts the potential for multiple new composite volcanic and intrusive complexes with analogous aeromagnetic signatures and intrusive level cross arc structures to other Macquarie Arc porphyry complexes (eg Cadia, Cowal, Boda-Kaiser, Marsden etc)The Macquarie Arc is a proven Tier 1 terrane and Australia's foremost copper porphyry belt hosting a number of world-class mines in the southern, more exploration mature, of the Arc hosting over 160Moz gold equivalent endowment.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/227375_dafda03364be6bf7_001full.jpg Figure 2: Fleet Space's ANT and gravity surveys have refined a regionally significant priority drill target previously and separately identified by Kincora, AngloGold Ashanti and Fleet Space within the northern "Ace of Spades" region of the Nyngan Project. This target is to be very shortly drill tested as part of the first ever copper-gold focused drilling program within this region. As part of a permitted drill program for up to 16 holes, a 6 to 8-hole for an estimated 4000-5000m program is budgeted before year-end with earn-in partner AngloGold Ashanti.Kincora and Inflection's recent real-time Fleet Space ANT surveys have generated a number of new, previously unrecognised potential target areas that are currently being reviewed.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/227375_dafda03364be6bf7_002full.jpg Figure 3: Imminent drilling will test a large-scale target off the shoulder of a pronounced density and magnetic anomaly associated with a potential cross-arc structure and into a low-intermediate seismic velocity zone (interpreted to potentially be related to hydrothermal alteration and/or mineralisation) that lies above a high seismic velocity anomaly at depth (interpreted to potentially be an intrusion) - illustration sourced from Fleet Space's Exosphere.The Fleet Space surveys across the Macquarie Arc have identified and refined existing targets of new composite volcanic and intrusive complexes, mapped estimated depth to basement, refined key structural features (including cross-arc structures), and, identified changes in velocity and density that may reflect different lithological units.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2305/227375_dafda03364be6bf7_003full.jpgAbout the Nyngan ProjectThe Nyngan Project was the first ground Kincora secured in NSW 12 with regional geophysics strongly indicating the potential to hosts the largest volcano-intrusive complex of the Macquarie Arc (existing metal endowment of over 160Moz gold equivalent) and offering a new district-scale setting. Limited prior drilling activities have taken place, and are limited to the southern portion of the Project.In May 2024, Kincora signed a definitive multiple-phase Earn-in and Joint Venture Agreement over the Nyngan and Nevertire licences with a wholly owned subsidiary of AngloGold Ashanti plc (NYSE: AU; JSE: ANG), the world's fourth largest gold miner by production, which has a successful track record for Greenfields discovery success.AngloGold Ashanti has the right to spend up to A$50 million to earn an 80% interest through:A$25 million of exploration expenditure to earn a 70% joint venture interest (Phase I) including a minimum A$2 million expenditure obligation, with Kincora the initial operator for a 10% management fee.Completion of a Pre-Feasibility Study (PFS) or funding of a further $25 million of expenditure to earn a 80% joint venture interest (Phase II) 13.The commenced drilling program is focused within the northern portion of the Nyngan Project and the "Ace of Spades" region testing a wide range of untested, large intrusive-related copper-gold targets. The program will comprise cost-effective mud-rotary drilling through the post mineral cover sequence with diamond core drilling upon refusal and testing of the targeted basement. The program seeks to confirm the potential for a series of new Macquarie Arc intrusive complexes and provide vectors for follow up drilling.About Fleet Space Technologies Fleet Space is widely regarded as Australia's leading space company and is seeking to revolutionise mineral exploration with its vertically integrated technology sack, ExoSphere, which combines the latest advances in satellite connectivity, 3D multiphysics data acquisition, and AI to map mineral systems in real-time.Fleet Space's ExoSphere technology enables an end-to-end approach to high-quality data acquisition, processing, interpretation and targeting to streamline exploration and improve success rates for new economic discoveries.Leveraging Fleet Space's proprietary satellite network in low Earth orbit, smart seismic sensors enabled with edge computing and rapid data processing ExoSphere delivers real-time 3D mapping of mineral systems and AI-powered drill targeting with near-zero environmental impact.In the last quarter, Barrick Gold announced it would partner with Fleet Space to survey copper porphyry complexes across 1,150km² of the world-class Reko Diq project 14 and in the last month Gold Fields announced a similar relationship to advance exploration at the Salares Norte project in Chile 15.Recently, Inflection Resources' announced new targets generated by ExoSphere, leading AngloGold to accelerate their Exploration Agreement and drilling with Inflection 5. Inflection and Fleet Space have also recently announced the results of the world's largest real-time ANT survey across 1818km², built an AI-powered district scale copper prospectivity map which, when integrated with other existing datasets (including airborne magnetics and gravity), has resulted in four new priority targets, three of which are within 2km's of Kincora wider project portfolio in the northern Junee-Narromine Belt.In July 2024, Kincora formed an initial partnership to conduct the first ever integrated real-time ANT and ground gravity undertaken by Fleet Space within the "Ace of Spades" region at the Nyngan Project.In mid October 2024, Kincora expanded its partnership with Fleet Space to include: (i) a listed equity investment, (ii) multiphysics surveys at the Wongarbon Project to identify and refine targets, and, (iii) Fleet Space having the right to drill test targets to earn an asset level interest in the Wongarbon Project.ExoSphere's rapid global adoption has propelled Fleet Space's exponential growth, including a A$50 million Series C funding round, a doubling of its valuation to A$350 million, plans to send a variant of ExoSphere to the Moon in 2026, and recognition as Australia's fastest growing company by the Australian Financial Review (2023).For more information please visit Fleet Space's website at https://www.fleetspace.com.About Kincora Kincora Copper is dual listed on the ASX and TSX-V (ticker "KCC") and is an active explorer and project generator focused on world-class copper-gold discoveries that has recently executed five agreements that unlock over A$60 million in potential multiple year partner funding. Further new projects that offer a clear value path and targeted partnerships are proposed.Kincora's portfolio includes district scale landholdings and scale-able drill ready targets in both Australia and Mongolia's leading porphyry belts, the Macquarie Arc and Southern Gobi, respectively, and, the Company is targeting exposure to 10,000-30,000m pa of drilling.For more information please visit Kincora's website at www.kincoracopper.com.References:1 Three Kincora Partner Funded Drilling Programs Ramping Up - Kincora press release October 7, 20242 Kincora announces Strategic Investment and Expanded Partnership with Fleet Space - press release October 15, 20243 Sourced from MinEx Consulting for Kincora4 ANT geophysics defines additional epithermal-porphyry targets at Spur Project - Waratah press release May 23, 20245 Reimaging porphyry copper exploration using Exosphere: Ambient Noise Tomography from the Duck Creek project, Macquarie - Fleet and Inflection Case Study 2023 6 Inflection Resources Defines New Priority Targets Based on Results of Regional ANT Survey in New South Wales - Inflection press release September 12, 20247 Inflection Resources Provides Drilling Update from Phase II Duck Creek Exploration Program in New South Wales - Inflection press release October 3, 20248 Gold Fields H1 2024 Results - August 23, 20249 Kincora Secures New Strategic Ground On Australia's Premier Porphyry Copper-Gold Province - Kincora press release September 9, 202410 Three Kincora Partner Funded Drilling Programs Ramping Up - Kincora press release October 7, 202411 New Major, Virgin Porphyry Complex And Drill Targets Secured - Kincora press release June 3, 202412 Kincora secures strategic license in Australia's leading porphyry belt - Kincora press release November 21, 201913 AngloGold Ashanti to earn-in to the NJNB Project - Kincora press release May 28, 202414 Fleet Space's Exosphere Enhances Barrick Gold's Data-Driven Copper Exploration at Reko Diq - Fleet Space press release July 9, 202415 Gold Fields Taps ExoSphere To Advance Exploration at Salares Norte in Chile - Fleet Space press release October 3, 2024This announcement has been authorised for release by the Board of Kincora Copper Limited (ARBN 645 457 763)For further information please contact: Sam Spring, President and Chief Executive Officersam.spring@kincoracopper.com or +61431 329 345Executive office 400 - 837 West Hastings StreetVancouver, BC V6C 3N6, Canada Tel: 1.604.283.1Fax: 1.888.241.5996Subsidiary office Australia Vista Australia Level 4, 100 Albert RoadSouth Melbourne, Victoria 3205Qualified PersonThe scientific and technical information in this announcement was prepared in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and compiled by Kincora's staff under the supervision of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian Institute of Geoscientists), Non-Executive Director and Chairman of Kincora's Technical Committee, who are Qualified Persons for the purpose of NI 43-101. JORC Competent Person StatementInformation in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information reviewed and approved by John Holliday and Peter Leaman, who are Competent Person(s) under the definition established by JORC and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. John Holliday and Peter Leaman consent to the inclusion in this report of the matters based on the information in the form and context in which it appears. The review and verification process for the information disclosed herein for Kincora's projects have included the receipt of all material exploration data, results and sampling procedures of previous operators, contractors, new results and review of such information by Kincora's geological staff using standard verification procedures.Forward-Looking StatementsCertain information regarding Kincora contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Kincora believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Kincora cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what Kincora currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and is subject to change after that date. Kincora does not assume the obligation to revise or update these forward-looking statements, except as may be required under applicable securities laws.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release.JORC TABLE 1Section 1 Sampling Techniques and Data(Criteria in this section apply to all succeeding sections).CriteriaJORC Code explanationCommentarySampling techniquesNature and quality of sampling (e.g., cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralisation that are Material to the Public Report.In cases where 'industry standard' work has been done this would be relatively simple (e.g., 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g., submarine nodules) may warrant disclosure of detailed informationNot applicable: Ground geophysical surveysDrilling techniquesDrill type (e.g., core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g., core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).Not applicable: Ground geophysical surveysDrill sample recoveryMethod of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.Not applicable: Ground geophysical surveysLoggingWhether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.The total length and percentage of the relevant intersections logged.Not applicable: Ground geophysical surveysSub-sampling techniques and sample preparationIf core, whether cut or sawn and whether quarter, half or all core taken.If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.For all sample types, the nature, quality and appropriateness of the sample preparation technique.Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.Whether sample sizes are appropriate to the grain size of the material being sampled.Not applicable: Ground geophysical surveysQuality of assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g., standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e., lack of bias) and precision have been established.Not applicable: Ground geophysical surveysFleet Space Technologies Pty Ltd (Fleet Space Technologies) completed a 14-day Ambient Noise Tomography (ANT) Survey. One hundred (100) Geodes® (Geodes) plus spares enabled for real-time data acquisition and uplink, including live survey monitoring tools via ExoSphere Cloud interfaceData processing uses 3D shear velocity models generated via Fleet Space Technologies' proprietary automated data processing in ExoSphere Cloud, which allows unlimited user access to view and export 3D model resultsAmbient noise tomography uses the Earth's background hum as the signal for measuring subsurface velocity structure. An array of seismic sensors (Geodes) records ambient seismic noise created by natural and anthropogenic sources from which the travel-times of surface waves between pairs of Geodes is extracted via the process of cross-correlation and stacking. This technique effectively transforms each pair into a virtual source-receiver pair, from which the phase velocity versus frequency relationship (dispersion) can be measured and used to model the subsurface velocity structureNot applicable: Ground geophysical surveysVerification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.Not applicable: Ground geophysical surveysLocation of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.Not applicable: Ground geophysical surveysHandheld GPS location and height control is considered adequate for early-stage exploration geophysical surveyingData spacing and distributionData spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.At the exploration stage, data spacing is variable and designed to understand the nature and controls on mineralisationResults are considered early stage, with the nature and controls on mineralisation still being establishedNot applicable: Ground geophysical surveysOrientation of data in relation to geological structureWhether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.The orientation of the grid isn't relevant to the outcome of the ANT data collectionAn array of seismic sensors (Geodes) records ambient seismic noise created by natural and anthropogenic sources from which the travel-times of surface waves between pairs of Geodes is extracted via the process of cross-correlation and stacking. This technique effectively transforms each pair into a virtual source-receiver pair, from which the phase velocity versus frequency relationship (dispersion) can be measured and used to model the subsurface velocity structureSample securityThe measures taken to ensure sample security.Not applicable: Ground geophysical surveysAudits or reviewsThe results of any audits or reviews of sampling techniques and data.Not applicable: Ground geophysical surveys but noting multiple conference calls, reviews and interpretations of the regional ANT, infill ANT and ground gravity survey parameters, assumptions, results and interpretations by Kincora's team. Section 2 Reporting of Exploration Results(Criteria listed in the preceding section also apply to this section.)CriteriaJORC Code explanationCommentaryMineral tenement and land tenure statusType, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.The exploration activity is located on tenement EL8929, named the Nyngan Project, in central western New South Wales.EL8929 is 100% owned by Kincora Copper Limited through its subsidiary Kincora Copper Australia Pty Ltd, and is the focus of an earn-in and joint venture agreement with AngloGold Ashanti - for further details refer to the Kincora press release dated May 28th, 2024 "AngloGold Ashanti to earn-in to the NJNB Project"Kincora has all permits to undertake the required Fleet Space surveys and a first phase drilling program for up to 16 drill holesExploration done by other partiesAcknowledgment and appraisal of exploration by other parties.All Kincora projects have had previous exploration work undertaken. The review and verification process for the information disclosed herein and of other parties for the Nyngan project has included the receipt of all material exploration data, results and sampling procedures of previous operators and review of such information by Kincora's geological staff using standard verification procedures. Further details of exploration efforts and data of other parties are providing in the March 1st, 2021, Independent Technical Report included in the ASX listing prospectus, which is available at:https://www.kincoracopper.com/investors/asx-prospectusGeologyDeposit type, geological setting and style of mineralisation.All projects ex EL7748 (Condobolin) and EL9340 (Condobolin East) are within the Macquarie Arc, part of the Lachlan Orogen and at the Nyngan Project Kincora is exploring for porphyry-style copper and gold mineralisation, copper-gold skarn plus related high sulphidation and epithermal gold systems.Drill hole InformationA summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:easting and northing of the drill hole collarelevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collardip and azimuth of the holedown hole length and interception depthhole length.If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.Not applicable: Ground geophysical surveysData aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g., cutting of high grades) and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent values should be clearly stated.Not applicable: Ground geophysical surveysRelationship between mineralisation widths and intercept lengthsThese relationships are particularly important in the reporting of Exploration Results.If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g., 'down hole length, true width not known').Not applicable: Ground geophysical surveysDiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.See body of announcement.Balanced reportingWhere comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.Not applicable: Ground geophysical surveysOther substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.Public access regional airborne gravity and magnetics has been reviewed and interpreted, with analysis and comparison to other geological and geophysical datasets of Macquarie Arc intrusive in the immediate and wider district.Further workThe nature and scale of planned further work (e.g., tests for lateral extensions or depth extensions or large-scale step-out drilling).Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.Drilling is ongoing at the Nyngan Project with earn-in partner AngloGold Ashanti. This program seeks to test new district-scale potential with initially up to eight large intrusive complex targets to be drill-tested for the first time. This includes one existing high priority target covered by the Fleet Space ANT and gravity geophysical surveys. 6 to 8 drill holes for 4000-5000 metres are planned before year-end with a total of 16 holes permitted.See figures in body of report To view the source version of this press release, please visit https://www.newsfilecorp.com/release/227375 Copyright 2024 ACN Newswire via SeaPRwire.com.
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OrangeTee & Tie: Leading Positive Change in Real Estate, Becoming a Force for Good ACN Newswire

OrangeTee & Tie: Leading Positive Change in Real Estate, Becoming a Force for Good

SINGAPORE, Oct 22, 2024 - (ACN Newswire via SeaPRwire.com) - OrangeTee & Tie (OrangeTee), Singapore's leading proptech agency, has officially completed a groundbreaking rebrand, marking the first major transformation of its brand identity since its founding in 2000. The striking new facade at its headquarters on 430 Lorong 6 Toa Payoh now bears the brand new OrangeTee logo, symbolising the company’s bold vision for the future. This rebranding exercise — unveiled in March 2024—signals not just a visual overhaul, but a complete evolution of the agency’s mission, led by CEO Justin Quek.Refreshed OrangeTee Senior Management Team (Front row from left to right: Justin Quek and Steven Tan; Back row from left to right: Christine Sun, Raymond Khoo, Ramesh Pillai, Jon Tan, and Elsie Low). Photo by OrangeTee.OrangeTee & Tie headquarters with the refreshed logo prominently displayed on its building facade at 430 Lorong 6 Toa Payoh, alongside the newly renovated OT Business Lounge—offering agents and clients a modern, innovative space that reflects the agency’s future-focused vision. Photos by OrangeTee.With a renewed focus on innovation and social responsibility, OrangeTee is positioning itself as a force for good in the real estate industry. The agency is on a mission to empower clients and agents alike, helping consumers "find their place" through technology, transparency, and redefined roles for real estate agents. The phased rebranding began with a launch aimed at engaging agents during its annual business convention in April, followed by a high-profile consumer showcase at The Home Expo in September; culminating in a grand celebration at its annual gala in October 2024, which brought together internal stakeholders to mark this milestone in the company’s historical journey.Traditionally seen as mere facilitators of transactions, OrangeTee agents are now positioned as “trusted advisers” who offer a holistic approach to clients. This shift highlighted the company’s dedication to elevating the customer experience, providing expert insights beyond property listings and transaction services, and fostering lasting relationships built on expert knowledge, trust, and integrity.Said Mr Quek, “Our brand refresh represents more than just a visual change, it’s a reflection of our core mission to make real estate simpler, more accessible, and more empowering for all. This new brand identity underscores our unwavering commitment to helping everyone confidently find their place in their real estate journey. To double down on this, OrangeTee is the first and only agency in the industry to remunerate our advisers 100 per cent of the commission from new launches with effect immediately for the next nine months.”ELEVATING REAL ESTATE INSIGHTS AND AI TECHNOLOGYAlso in 2024, OrangeTee unveiled its new research hub during its annual business convention in April 2024. Offering comprehensive real estate insights through an intuitive interface with interactive infographics, animations, and themed reports. It is also updated regularly with market trends across market sectors like HDB, private residential, commercial, and industrial, to keep consumers well-informed.Complementing the Research Hub is the Market Analytics Suite (MAS), offering over 100 dashboards with advanced filtering options for targeted searches. With it being accessible to both advisers and consumers, the MAS breaks down complex data into user-friendly visuals, enhancing accessibility through tablet and mobile compatibility.Leveraging the advancement of artificial intelligence (AI), the company is enhancing its technological integration with the development of AMOS (AI-enabled Mobile Operating System), a next-generation CRM system that not only engages consumers but also empowers its advisers. Once fully implemented, AMOS will optimise its communication channels with advisers and consumers across all digital touchpoints, streamlining workflows from initial contact to appointment scheduling—boosting the efficiency and effectiveness of its services.FORGING PARTNERSHIPS TO SUPPORT THE TEAMTo support OrangeTee advisers in their diverse real estate ventures, several strategic partnerships have already been forged in 2024. These collaborations are designed to equip advisers with cutting-edge tools, solutions, and innovative spaces–ranging from modern commercial offices to co-working environments–enabling them to better serve their clients.Partnerships with companies like Motorist and JustCo have introduced new value-added services for OrangeTee advisers. These alliances enable advisers to offer property clients alternative car-financing options through Motorist to navigate the total debt servicing ratio, while JustCo provides access to flexible co-working spaces, in anticipation of the growing trend of companies opting for modern work environments over traditional offices.In 2024, OrangeTee also broadened its partnerships by collaborating with iQuadrant (IQ), Crestbrick, and Century 21, enhancing the company’s overseas property listings and overall service offerings. By leveraging IQ’s expertise in overseas property investments and education, OrangeTee can tap into a wider array of properties in London, United Kingdom, while its agents benefit from IQ’s proven property investment strategies.This builds on their existing partnership with Tokyu Livable, Inc., one of Japan’s largest real estate services firms, which serves as a key equity partner and grants OrangeTee clients access to the Japanese real estate market. In addition, through its sister company, OrangeTee International, the agency is actively marketing overseas properties in Australia, Dubai, Malaysia, New Zealand, and the United Kingdom.In return, OrangeTee is extending its tech capabilities by offering a lite version of its AgentApp to its partners. By sharing technology, both parties would benefit, with partners gaining access to advanced tools that enhance efficiency, while OrangeTee expands its local agent network and strengthens industry collaboration.OrangeTee also offers a comprehensive agent-training roadmap to upskill its advisers across various property sectors. Through workshops, courses, and tech-driven learning, advisers can now stay ahead of market trends and regulations, ensuring they provide top-tier service and expertise for their clients.Added Mr Quek, “We believe that forging strong partnerships is the key to delivering innovative, holistic solutions to our clients. Through collaborations with industry leaders across various sectors, we can empower our advisers and provide greater value to their clients.”INSIGHTS GAINED AS PRESENTING SPONSOR OF THE HOME EXPO 2024The culmination of these efforts led to OrangeTee’s role as the presenting sponsor of The Home Expo 2024. The three-day event at Suntec Convention Centre in September saw over 12,000 attendees, 16 expert speakers, and more than $1.3 million invested in advertising, aiming to position OrangeTee as a thought leader in the real estate industry. The event also offered industry professionals a differentiated platform to engage with their clients and build leads with potential home seekers.During the home expo, OrangeTee also announced its support for the "Safe Havens, Bright Horizons" campaign by the Children’s Society of Singapore (CSS) to raise $100,000 for the revitalisation of Sunbeam Place, a residential home and a gazetted place of safety for the vulnerable children in Singapore under CSS, in collaboration with a local art gallery, LivingwithArt.Mr Quek also shared his thoughts on these partnerships established by the company, stating, “These initiatives allow us to push beyond the boundaries of traditional real estate services and foster more meaningful, impactful experiences for all members of society.”Looking forward, OrangeTee envisions a future where real estate transcends mere transactions, instead focusing on holistic, integrated solutions that cater to modern homebuyers' evolving needs.As OrangeTee continues to evolve as a force for good, the company is poised to shape the future of real estate, placing greater emphasis on customer-centric solutions and creating lasting value for clients and its advisers.Please find High-Resolution images here.For Media Queries, Please Contact:Amirul Asyraf: +65 8448 4824 // amirul@swstrategies.orgChua Sheng Rui: +65 9137 2102 // shengrui@swstrategies.orgAbout OrangeTee & TieFounded in February 2000, OrangeTee & Tie (OrangeTeeOTT) has firmly established itself as a highly esteemed proptech agency renowned for its innovative tech tools in Singapore. In 2017, the associate agencies of OrangeTee.com and Edmund Tie & Company merged to form OrangeTee & TieOTT.Today, the company stands at the forefront of the property industry, leading in technology, innovation, research, and data analytics. Notably, it offers exclusive digital platforms like AgentApp and PropertyAgentsReviews.com for both its advisers and consumers respectively. OrangeTee champions transparent and ethical advisory practices, while committed to building a sustainable business.For more information on OrangeTee’s new Business Lounge, view here: https://www.youtube.com/watch?v=l5LcYi37Ke8Media Contact:Jon TanSenior Vice PresidentBrand & Corporate CommunicationsOrangeTee & TieEmail: jon.tan@orangetee.com Mobile: +65 96177759 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Everest Medicines Announces Positive Results of Complete Chinese Subpopulation Data from the NEFECON Global Phase 3 NefIgArd Clinical Trial

SHANGHAI, Oct 22, 2024 - (ACN Newswire via SeaPRwire.com) - Everest Medicines (HKEX 1952.HK, “Everest”, or the "Company"), a biopharmaceutical company focused on the discovery, clinical development, manufacturing and commercialization of innovative therapeutics, today announced that the "Kidney 360" magazine has published the complete two-year subpopulation data from Chinese patients in the Phase 3 NefIgArd clinical trial of NEFECON® under the title "Efficacy and Safety of Nefecon in Patients With Immunoglobulin A Nephropathy From Mainland China: 2-Year NefIgArd Trial Results". The article states that during the 2-year treatment and observation period, the Chinese subpopulation data showed improvements in kidney protection, proteinuria reduction, and microhematuria that were numerically greater than the same outcomes in the global trial. Compared with the placebo, NEFECON® treated patients showed greater preservation of estimated glomerular filtration rate (eGFR) within 9 months and over 2 years, and the treatment benefits observed in Chinese patients were numerically larger, with good tolerability and no new safety signals observed. Previously, the Chinese subpopulation data were published at the American Society of Nephrology (ASN) Kidney Week held in November 2023."The publication of the Chinese subpopulation data from the NEFECON® global Phase 3 NefIgArd clinical trial in the 'Kidney 360' magazine further supports the clinical evidence of NEFECON® in the clinical application for Chinese IgA nephropathy (IgAN) patients. Compared with the European and American populations, the disease progression in the Chinese population with IgAN is faster, and the prognosis is poorer, bringing a heavy disease burden to patients and society.” Said Professor Zhang Hong with Peking University First Hospital, a member of the global steering committee for the Phase 3 clinical trial NefIgArd, chairman of the Chinese Collaborative Group of the International IgA Nephropathy Federation. “The data analysis of the Chinese subpopulation in the NefIgArd trial shows a clear benefit of treatment with NEFECON® in Chinese patients. After a 9-month treatment period with NEFECON® and 15 months of follow-up off drug, significant kidney function protection was achieved within 2 years, reducing the decline in kidney function by 66% over 2 years, and a continuous decrease in proteinuria was observed. At 9 months, the urine protein to creatinine ratio (UPCR) significantly decreased by 37.6% from the baseline, and the decline was well maintained during the 15-month follow-up period off drug, with numerical benefits superior to global patients. Currently, there are many IgAN patients in China, and we look forward to more Chinese patients starting etiological treatment earlier in the future.""The recently published Chinese subpopulation data from the global Phase 3 NefIgArd clinical trial for NEFECON® in Kidney 360 further validates the significant clinical benefits NEFECON® offers to Chinese patients, solidifying its position as the first-line cornerstone treatment for IgAN.” said Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines. “With IgAN incidence rates notably higher in Asia compared to other regions, and its high prevalence in the Asian population – where there is a 56% higher risk of progression to end-stage renal disease and faster disease progression, there is a clear indication of significant unmet clinical needs. As the world's first etiological treatment for IgAN, NEFECON® directly addresses the cause of the disease, filling a crucial gap in treatment. Moving forward, we are committed to enhancing NEFECON®'s accessibility and advancing its commercialization across Asia to benefit more patients as soon as possible.”The global Phase 3 NefIgArd clinical trial was a randomized, double-blind, multicenter study that evaluated the efficacy and safety of NEFECON® at a once-daily dose of 16 mg, compared to placebo in adult patients with primary IgAN on optimized RASi therapy. Patients were randomly assigned in a 1:1 ratio to receive NEFECON® or matched placebo for 9 months, followed by a 15-month off drug follow-up period. The NEFECON® global Phase 3 NefIgArd clinical trial achieved its primary and key secondary endpoints, and the complete data have been published in The Lancet magazine. The FDA fully approved NEFECON® for the treatment of adult patients with IgAN at risk of progression in December 2023 based on the results of this study, irrespective of proteinuria levels.Currently, NEFECON® has been prescribed in mainland China since May this year and has been approved in Macau, Hong Kong, China, Singapore and Taiwan, China. In July this year, the National Medical Products Administration officially accepted the supplementary application for the complete data of the final clinical trial stage of NEFECON®, and NEFECON® is expected to become the first and only fully approved etiological treatment for IgAN in China. In addition, NEFECON® was recently included in the latest draft for public review, "KDIGO 2024 Clinical Practice Guideline for The Management Of Immunoglobulin A Nephropathy (IgAN) And Immunoglobulin A Vasculitis (IgAV) " and was listed in the guideline draft as the only treatment proven to reduce the levels of pathogenic forms of IgA and IgA immune complexes.About Phase 3 NefIgArd Clinical TrialThe global Phase 3 NefIgArd clinical trial was a randomized, double-blind, multicenter study that evaluated the efficacy and safety of NEFECON® at a once-daily dose of 16 mg, compared to placebo in adult patients with primary IgAN on optimized RASi therapy. This study lasted for 2 years, including a 9-month treatment period with NEFECON® or placebo, followed by a 15-month off drug follow-up period. The global study results showed that compared with the placebo, NEFECON® not only brought a lasting decrease in proteinuria and reduced the risk of microscopic hematuria, but more importantly, it showed a clinically significant and statistically significant advantage (p
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HEROWORKS to Participate in TTA 2024, Initiating Comprehensive Expansion into the Singapore Market ACN Newswire

HEROWORKS to Participate in TTA 2024, Initiating Comprehensive Expansion into the Singapore Market

SEOUL, S.KOREA, Oct 22, 2024 - (ACN Newswire via SeaPRwire.com) - South Korean hospitality tech company HEROWORKS is set to enter the Singapore market by introducing its hotel revenue management solution, 'DatAmenity.'- HEROWORKS to Participate in 'TTA 2024', the Largest Tourism & Tech Expo in the Asia-Pacific Region- HEROWORKS to Supply its Hotel Revenue Management Solution 'DatAmenity' to the Singapore Market- Seeking Global Tourism Partners to Target the Asian Market with Localized SystemsHEROWORKS has been selected as a participating company for the Travel & Tech Expo organized by the Singapore Tourism Enterprises Support Center (KTSC). From the 23rd to the 25th of this month, HEROWORKS will attend 'Travel Tech Asia (TTA) 2024' and '2024 ITB-Asia' at the Marina Bay Sands Convention Centre in Singapore, seeking new business opportunities targeting the Asian hospitality tech market.With the aim of providing optimized solutions for the Singapore market, HEROWORKS will engage in networking and one-on-one investment meetings with key stakeholders, including venture capitalists, angel investors, and other investors. Through business consultations with these stakeholders, HEROWORKS plans to identify the specific needs of Singapore's tourism and hospitality industries and to localize the 'DatAmenity' technology by partnering with companies that can create synergistic effects.DatAmenity is the first service in Korea to develop and implement a Revenue Management System (RMS) for hotels, and currently holds Korea's number one market share. The solution collects and analyzes room data registered with Online Travel Agencies (OTAs), including pricing information and sales status, for all types of accommodations, such as hotels, motels, resorts, and pensions, assisting in optimally setting room sale prices.Unlike traditional hotel solutions, the DatAmenity solution is offered as a cloud-based SaaS (Software as a Service) model, allowing users to easily access and utilize the system anytime, anywhere. It currently serves approximately 500 accommodation facilities and has received significant positive feedback.Notably, DatAmenity has been recognized for its differentiated technological prowess in 'Comparing Room Sales by Room Type.' HEROWORKS identified the challenge that, despite having identical room configurations, differing room nomenclatures across hotels make accurate price comparisons difficult. In response, HEROWORKS developed a system allowing users (client companies) to set competitive hotels' room classifications by their hotel's room standards. This system, a proprietary technology exclusive to DatAmenity, has been proven innovative by acquiring a technology patent.HEROWORKS CEO Lee Chang-ju stated, "The demand for data-driven revenue management is increasing in Singapore's hospitality industry." He added, "Through participating in the TTA and ITB-Asia expos, we expect to accelerate our penetration into the Asian market by establishing partnerships with Singapore's tourism and tech companies."Meanwhile, HEROWORKS is a hospitality technology company specializing in developing automated systems for hotel revenue management. To address the gaps that existing hotel operational systems, such as Property Management Systems (PMS) and Channel Management Systems (CMS), cannot resolve, HEROWORKS has developed and operates a distinctive 'Hotel Revenue Management Solution.' Notably, the solution provides features that establish 'optimal room sale prices' and enable comprehensive viewing and management of 'hotel customer reviews,' contributing to enhanced hotel revenues.Social LinksYouTube: https://youtu.be/e1kOthMDeUo?feature=sharedBlog: https://blog.naver.com/datamenityMedia ContactBrand: HEROWORKSContact: Planning & Marketing TeamWebsite: https://www.heroworks.co.kr Copyright 2024 ACN Newswire via SeaPRwire.com.
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Global Technology Distribution Council Welcomes Redington Limited ACN Newswire

Global Technology Distribution Council Welcomes Redington Limited

TAMPA, FLA., Oct 22, 2024 - (ACN Newswire via SeaPRwire.com) - The Global Technology Distribution Council (GTDC), the world's largest consortium of technology distributors, announced the addition of Redington Limited to its notable membership ranks. The respected distributor of IT/ITeS and telecom products and services supports more than 55,000 partners and 450 vendors in 40 markets, including India, Singapore, South Asia, Middle East, Africa and Turkey.The addition of Redington Limited furthers GTDC's continued global expansion initiative, including the appointment of former Microsoft, IBM and Compaq executive Ananth Lazarus to build out its Asia-Pacific operations earlier this year. Today's announcement illustrates the organization's commitment to the region as it prepares to host its inaugural Summit APJ conference November 18th -19th in Singapore."Distribution empowers the greater IT community, and APJ offers tremendous growth opportunities for vendors and other channel partners," emphasizes GTDC CEO Frank Vitagliano. "Adding a technology leader like Redington Limited to GTDC's membership provides us with greater insight into the unique needs of this community while giving their team access to industry-leading research, data intelligence, training and a variety of other programs. Our channel-enablement efforts grow stronger as we expand into new regions and develop more industry-empowering initiatives and resources."Redington is a renowned entity in the region and has received many accolades for its commitment to the technology community, workforce and civic efforts over the years. Most recently, the organization was awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification, which reflects its efforts with environmental sustainability and energy efficiency."Joining GTDC represents another significant milestone," says V.S. Hariharan, Group CEO of Redington Limited. "This membership aligns with our commitment to driving innovation and delivering exceptional value to our partners. By leveraging GTDC's extensive network and resources, along with our expertise in the technology distribution industry, we look forward to contributing to the council's mission of fostering growth and excellence in the global technology distribution sector."With the addition of Redington, the GTDC member community consists of 22 technology distributors spanning North America, Latin America, Europe, the Middle East, Asia and Africa.About the GTDCThe Global Technology Distribution Council is the industry consortium representing the world's leading tech distributors. GTDC members drive an estimated $160 billion in annual worldwide sales of products, services and solutions through diverse business channels. GTDC conferences support the development and expansion of strategic supply-chain partnerships that continually address the fast-changing marketplace needs of vendors, end customers and distributors. GTDC members include AB S.A (WSE:ABPL), Arrow Electronics (NYSE:ARW), CMS Distribution, Computer Gross Italia (MI: SES), D&H Distributing, ELKO, Esprinet (PRT.MI), Exclusive Networks (EPA:EXN), Exertis, Infinigate, Ingram Micro, Intcomex, Logicom (CSE:LOG), Mindware, Redington Limited, Siewert & Kau, SiS Technologies (HKSE:0529), Tarsus, TD SYNNEX (NYSE: SNX), TIM AG, VSTECS Holdings and Westcon-Comstor.About Redington LimitedRedington Limited (NSE:REDINGTON), a leading technology solutions provider and a Fortune India 500 company, empowers businesses in their digital transformation journeys by addressing technology friction - the gap between innovation and adoption. With its presence across 40 markets, 450+ brand associations, and 55,000+ channel partners, Redington enables seamless and end-to-end distribution for all categories of IT/ITeS, Telecom, Lifestyle, and Solar products in India, Singapore, South Asia, Middle East, Africa and Turkey. Through its focus on innovation and partnerships, Redington remains a trusted distributor of products, services, and solutions across the globe.GTDC Media Contact:Brian Sherman(814)882-4432bsherman@commcentric.comSOURCE: Global Technology Distribution Council Copyright 2024 ACN Newswire via SeaPRwire.com.
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Acrometa Group to Divest Its Life Sciences Business, Pursue New Business Opportunities in the Region ACN Newswire

Acrometa Group to Divest Its Life Sciences Business, Pursue New Business Opportunities in the Region

SINGAPORE, Oct 21, 2024 - (ACN Newswire via SeaPRwire.com) - ACROMETA Group Limited ("ACROMETA", or the "Company" and together with its subsidiaries, the "Group"), today announced that the Company has entered into a sale and purchase agreement (the "SPA") for the disposal of all of the shares held by the Company (the "Sale Shares") in Life Science Incubator Holdings Pte. Ltd. ("LSI"), representing 70% of the issued and paid-up share capital of LSI, for an aggregate consideration of S$2.7 million (the "Proposed Disposal").Mr Lawrence Toh, ACROMETA's Executive Director, said, "The Proposed Disposal follows a strategic review of the Company's long-term strategy and will enable ACROMETA to unlock value for future growth. We have determined that the Group's resources and management efforts would be better directed towards other potential business opportunities in mineral sands trading." The Proposed Disposal will be made conditional upon approval by the shareholders of the Company at an Extraordinary General Meeting ("EGM") to be convened in due course. Upon the completion of the Proposed Disposal, LSI will cease to be a subsidiary of the Group.Mineral Sands TradingAcroMeta Minerals Pte. Ltd. ("AcroMeta Minerals"), a wholly-owned subsidiary of the Company, has entered into a non-binding Memorandum of Understanding ("MOU") with Constance Holding Sdn. Bhd. ("Constance Holding") to facilitate further collaboration in mineral sands trading.Constance Holding, a Malaysia-based holding company, operates primarily in the upstream sand industry. It holds exclusive rights to market, sell, and trade sand products from the concession and management rights of the sand concession. Constance Holding is currently involved in supplying sand for major land reclamation projects across major infrastructure developments in Malaysia.This latest development represents another significant milestone in the Group's ongoing pursuit of regional opportunities, following an earlier non-binding, non-exclusive MOU with PT Swadaya Buana Makmur for the supply of high-grade silica sand from West Kalimantan, Indonesia. The Group is actively engaged in negotiations with potential international buyers, with formal offtake agreements anticipated in the near future.ACROMETA remains optimistic about the long-term prospects of AcroMeta Minerals, which are supported by strong demand and strategic local partnerships. With an enhanced cash position following the completion of the Proposed Disposal, the Group is well-positioned to continue exploring suitable new business opportunities that will create value for its shareholders.This press release should be read in conjunction with the SGXNET announcement issued on the same date.About ACROMETA Group Limited (SGX Stock Code:43F)ACROMETA (Previously known as ACROMEC Limited) has been listed on the Catalist Board of the Singapore Exchange since 2016. ACROMETA's business is divided into three main business segments: (i) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure, (ii) Co-working laboratory business, which currently operates 6,500 square feet of co-working laboratory space at The German Centre in Singapore and a 21,538 square feet coworking laboratory centre at Elementum, One-North, serving SMEs and startups, and (iii) Trading of minerals and sand. For more information, please visit www.acrometa.com .Media and Analysts Contact:ACROMETA Group LimitedMs. Cheah Lai MinChief Financial OfficerTel: +65 6717 0111Email: laimin.cheah@acrometa.com Waterbrooks Consultants Pte LtdMr. Wayne KooTel: +65 6958 8008 / +65 9338 8166Email: wayne.koo@waterbrooks.com.sgEmail: query@waterbrooks.com.sg 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 "SGX-ST"), and the SGX-ST assumes no responsibility for the contents of this media release, including the correctness of any of the statements or opinions made or reports contained in this media release.The contact person for the Sponsor is Mr Jerry Chua (Tel: (65) 6241 6626), at 138 Robinson Road, Oxley Tower, #13-02, Singapore 068906. Copyright 2024 ACN Newswire via SeaPRwire.com.
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GMG Provides Business Update on Australian Federal Government Engagement ACN Newswire

GMG Provides Business Update on Australian Federal Government Engagement

Brisbane, Queensland, Australia--(ACN Newswire via SeaPRwire.com - October 21, 2024) - Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a business update on the government engagement progress for the Company.GMG continues to engage with various members of Australian Federal Government including a recent visit to the Australian Parliament in Canberra, Australia's capital city, to see the Honourable Senator Tim Ayres, Assistant Minister for Trade and Assistant Minister for a Future Made In Australia, as seen in Figure 1, to discuss GMG's battery manufacturing progress and how a number of Federal Government policies including the Future Made in Australia Battery Breakthrough could potentially support GMG.Figure 1: GMG CEO and CFCO meet with Honourable Senator Tim AyresTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_001full.jpgGMG also met the Speaker of the House of Representatives the Honourable Milton Dick, as seen in Figure 2, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2023 when Milton formally opened the Graphene coating blend plant.Figure 2: GMG CEO and CFCO meet with Speaker of the House of Representatives Honourable Milton DickTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_002full.jpgGMG also met Queensland Senator the Honourable Anthony Chisholm, as seen in Figure 3, to share GMG's progress since his visit to GMG's Facilities in Richlands Queensland in 2022.Figure 3: GMG CEO and CFCO meet with Senator the Honourable Anthony ChisholmTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/227262_df55675e24530a0b_003full.jpgGMG's Managing Director and CEO, Craig Nicol, commented: "GMG continues to engage Government at all levels, including local, state and federal government, with the aim to help ensure its leading energy saving and energy storage products align with government policy to support the energy transition."GMG's Chairman and Director, Jack Perkowski, commented: "We believe that Engagement with Government is important in the very dynamic markets GMG is focused on selling its product into, and we plan to continue engaging with Government as policies are rolled out in various key markets around the world."About THERMAL-XR® powered by GMG Graphene:THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDINGAbout GMG www.graphenemg.comGMG 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 coating), 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").GMG's 4 critical business objectives are:Produce Graphene and improve/scale cell production processesBuild Revenue from Energy Savings ProductsDevelop Next-Generation BatteryDevelop Supply Chain, Partners & Project Execution CapabilityFor further information please contact:Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041Neither 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, the potential for Federal Government policies to support GMG, the Company's belief that Engagement with Government could support GMG and help ensure its products align with government policy to support the energy transition, the potential for THERMAL-XR® to enable energy producers to produce additional energy more efficiently, the Company's goal of achieving optimal production line performance for THERMAL-XR® and the entering of full production. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that Federal Government policies could support GMG, that Engagement with Government could help support GMG and help ensure its products align with government policy to support the energy transition, assumptions regarding the development of extensions and enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will be able to derive the expected benefits from the Company's products, and that the Company will be able to achieve optimal production line performance for THERMAL-XR® and enter full production. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that Federal Government policies do not support GMG to the extend expected or at all, that Engagement with Government does not support GMG and/or does not ensure its products align with government policy to support the energy transition to the extend expected or at all, that there will be no developments of extensions or enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will not derive the expected benefits from the Company's products, that the Company will be unable to achieve optimal production line performance for THERMAL-XR® or enter full production, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.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/227262 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Hong Kong International Wine & Spirits Fair opens next month ACN Newswire

Hong Kong International Wine & Spirits Fair opens next month

- Over 600 exhibitors from 20 countries and regions, Mainland China participation up by 60% year-on-year- Showcasing the world’s finest wines and spirits, including Chinese wines and baijiu, Japanese sake and shochu, vodka, brandy, and more- Inaugural Sommelier's Picks will engage renowned sommeliers to feature their favourite wine lists to industry professionals and the publicHONG KONG, Oct 21, 2024 - (ACN Newswire via SeaPRwire.com) - The 16th HKTDC Hong Kong International Wine & Spirits Fair will be held on 7-9 November at the Hong Kong Convention and Exhibition Centre (HKCEC), showcasing fine wines and spirits from around the world, along with related products and services to trade visitors and buyers.With Hong Kong reducing the liquor duty rate, as announced during the Policy Address last week, to promote liquor trade and boost the development of high value-added industries, the Wine & Spirits Fair will enable the industry to seize opportunities presented by this measure.Sophia Chong, Deputy Executive Director of the Hong Kong Trade Development Council (HKTDC), said: "To cater to consumers’ more sophisticated and diverse appreciation for wines, this year's Wine & Spirits Fair offers a diverse range of wines and spirits from around the world to enhance the tasting experience and promote knowledge of wine through a series of special events. The market for Chinese baijiu and wine is thriving, especially following the recent proposal by the Hong Kong SAR Government to reduce taxes for high-end liquor. This year's Fair brings together more than 600 exhibitors, with a notable increase in those showcasing Chinese baijiu and spirits around the world. Overall, participation from Mainland China has increased by 60% by scale compared to the previous year. The HKTDC is actively recruiting more buyers to take part in the Fair, further promoting Hong Kong as a regional trading hub for wine and spirits."This year's Fair will bring together more than 600 exhibitors from 20 countries and regions. In addition to exhibitors from Hong Kong and the Mainland China, there are overseas exhibitors from all over the world, including those from Belarus, the Czech Republic, Denmark, France, Germany, Ireland, Italy, Poland, and the United Kingdom from Europe.Exhibitors from the Americas included Argentina, Canada, Chile, Mexico and the United States. Australia, Japan and the Philippines make up the Asia-Pacific representation, while South Africa will participate for the first time.A global showcase for exquisite wines and spiritsThe Wine & Spirits Fair will feature a diverse range of alcoholic beverages, including old-world and new-world wines, Chinese wines, Japanese sake as well as spirits from around the world, including Chinese baijiu, Japan’s shochu, vodka and brandy. A variety of whiskies will also be showcased in both the Ireland and Japan pavilions.Exhibited beverages include:- Azienda Agricola Sciara 760 Metri Etna Rosso, making its fair debut, crafted by Stef Yim, Hong Kong’s first winemaker to set up a winery and vineyards at Mount Etna in Sicily, Italy. The nutrients from the volcanic mud and the high-altitude environment give this red wine its special aroma and flavour;- Zhenjiu, Chinese Baijiu from Guizhou in Mainland China, a high-end sauce aroma aijiu. Its rich and full body with a complex layering of spice and fermented bean flavors leaves a long-lasting aftertaste;- Fenjiu from Shanxi, traditional Chinese liquor crafted mainly from sorghum, which epitomises the light aroma style of baijiu with its crystal-clear appearance and a delightful aroma;- Clonakilty Single Pot Still Irish Whiskey, winner of two global awards, triple-distilled and matured on the Atlantic coastline in Clonakilty, Ireland. It presents flavours of sweet vanilla, toffee apple, salted caramel and wood spices, with a dark chocolate and orange finish;- Wabi Sabi Gin, developed by Japan’s pioneering female spirits entrepreneur Wakae. This gin features 13 botanicals, including Japanese citrus herbs and roses from Shimane Prefecture, creating layered flavours and a long finish;- Ukishiro Sakitama Kodaishu 20 years aged by Yokota Sake Brewery, which has won 22 gold medals in the Annual Japan Sake Awards;- Vinette Premium Canned Wines, a distinguished South African brand and gold medalist in the Gilbert & Gaillard International Challenge, renowned for crafting premium table wines in innovative aluminium cans.The Wine & Spirits Fair also features the Friends of Wine zone, which showcases a variety of gourmet foods designed to complement the wines. Some exhibitors, such as Asia Wine Service & Education Centre (AWSEC), will also introduce their services that promote the industry’s all-round development.Multiple events explore market trendsConferences, tasting sessions and seminars hosted by world-class Masters of Wine, sommeliers and industry professionals, will analyse trends in various markets, while offering attendees an opportunity to sample fine wines from around the world.The inaugural Sommelier's Picks will engage three renowned sommeliers, Arnaud Bardary MS, Carlito Chiu and Reeze Choi, second runner-up of ASI Best Sommelier of the World Contest 2023 who will share their favourite wine lists with both industry professionals and the public.A wine industry conference will be hosted by Master of Wine Debra Meiburg, which will explore consumption trends and preferences of alcoholic beverages among Generation Z and millennials. Jennifer Docherty, the first ethnically Chinese and Mandarin-speaking Master of Wine, will share her expertise on blind-tasting fine wines, while renowned wine critic and chief editor Lau Chi Sun will explore hot topics, such as the outlook for Hong Kong’s spirits market and impact of Hong Kong’s taxation system, in a seminar organised by Wine Now.Prize presentation ceremonies and competitions at the Fair include:- Cathay Hong Kong International Wine and Spirit Competition 2024;- Washu Awards 2024;- Hong Kong Best Spirits Awards 2024;- WineLuxe’s Hong Kong Top 10 Wine Pairing Restaurant Awards Presentation Ceremony 2024- Hong Kong International Mixology Showdown 2024 - Hong Kong region semi-final and the final of the debut Greater Bay Area region contest.Public Day welcomes wine loversOn the final day, the Wine Fiesta Zone will be open to public ticket holders to sample and buy a range of wines and spirits, while enjoying wine tasting experiences through a variety of activities.Both buyers and ticket-holding members of the public aged 18 or above are welcome. Regular tickets are priced at HK$200, with specially-priced tickets at HK$99 available from 23 October via BOOKYAY, CTG, HK01, HKTVMall, HKGO, KKDay, KLOOK, PopTicket, Timable, Trip.com, Lan Kwai Fong Group, Winenow, Wai Shing Wine International CO., Ltd. and Zicket.Special ticket buyers will receive a Lucaris crystal wine glass and discounts on Hong Kong Airlines tickets on a first-come, first-served basis.Among other highlights, the Public Day will feature a seminar on sparkling wines hosted by Master of Wine Debra Meiburg.Stef Yim, Hong Kong-born “Volcano Winemaker”, will take to the stage sharing his unique brewing journey.The public will also hear from three experts on the career path of sommeliers.Representatives from Lan Kwai Fong (LKF) have crafted a special cocktail “HK & Suit” for the Fair, featuring passion fruit and Japanese Akori Gin, among other ingredients. This cocktail will be available for purchase in the HKTDC x LKF Cocktail Festival inside the Wine Fiesta Zone.Relevant data:Spirits Trade in value terms2023Jan - Aug 2024Trade in value termsHK$BGrowth %HK$BGrowth %Total Exports49.29+48.436.62+16.24Imports61.02+54.639.86+2.7HKTDC Research Analysis and News - Duty Cut Set to Boost Hong Kong’s Regional Spirits Hub Prospects:https://research.hktdc.com/en/article/MTgyODQ3ODEwMgPhoto download: https://bit.ly/4heUSUpAt the press conference, HKTDC Deputy Executive Director Sophia Chong (centre) announced that the 16th International Wine & Spirits Fair will bring together more than 600 exhibitors from 20 countries and regions. The HKTDC is actively recruiting more exhibitors and buyers to take part, further promoting Hong Kong as a regional trading hub for wine and spirits. Jennifer Docherty, Master of Wine (left), and Reeze Choi, second runner-up of ASI Best Sommelier of the World Competition 2023 (right), also analysed industry trends at the press conferenceSophia Chong, HKTDC Deputy Executive Director (front row, fifth right), Jennifer Docherty, Master of Wine (front row, fifth left), sommelier Reeze Choi (front row, fourth right) and representatives from consulates and industry organisations attended the 16th HKTDC Hong Kong International Wine & Spirits Fair press conferenceThis year's Fair will bring together more than 600 exhibitors from 20 countries and regions, including Hong Kong and Mainland China, as well as overseas exhibitors from around the world, including Europe, the United States and the Asia-Pacific region (Photo: Jon Dory Limited promoting whisky from Scotland)The Wine & Spirits Fair will showcase fine wines and spirits from around the world as well as related products and services to trade visitors and buyers, promoting Hong Kong as a regional trading hub for wine and spiritsSake Z, an exhibitor at the Wine & Spirits Fair, brought a kiosk with a wide selection of sakes for participants to tryFenjiu from Shanxi, a traditional Chinese liquor crafted mainly from sorghum, which epitomises the light aroma style of baijiu with its crystal-clear appearance and delightful aromaUkishiro Sakitama Kodaishu 20 years aged by Yokota Sake Brewery has won 22 gold medals in the Annual Japan Sake AwardRepresentatives from Lan Kwai Fong (LKF) crafted a special cocktail for the Wine & Spirits Fair, called HK & Suit, with notes of passion fruit and Japanese Akori Gin, among other ingredientsWebsiteHong Kong International Wine & Spirits Fair: https://www.hktdc.com/event/hkwinefair/enMedia enquiriesPlease contact the HKTDC’s Communications & Public Affairs Department:Kelly ShekTel: (852) 2584 4537Email: kelly.yt.shek@hktdc.orgSnowy ChanTel: (852) 2584 4525Email: snowy.sn.chan@hktdc.orgAbout HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Majority of Singapore Employees Comfortable Discussing Mental Health at Work, foundit Survey Reveals ACN Newswire

Majority of Singapore Employees Comfortable Discussing Mental Health at Work, foundit Survey Reveals

Positive strides in work-life balance and mental health openness highlight progress,while workload challenges present opportunities for improvementKey findings from the survey:57% of employees report a positive work-life balance, with 37% calling it "Good" and 20% calling it "Excellent."35% are actively using wellness programs, reflecting growing engagement in well-being initiatives.46% rarely or never experience burnout, though 37% occasionally face it, highlighting areas for support.66% report heavy workloads, pointing to the need for better workload management.SINGAPORE, Oct 21, 2024 - (ACN Newswire via SeaPRwire.com) - A recent survey by foundit, a leading jobs and talent platform, highlights encouraging developments in Singapore's workplaces. The study reveals that 57% of employees rate their work-life balance as "Good" or "Excellent," and 51% feel comfortable discussing mental health issues with their managers or HR.These findings reflect a growing emphasis on employee well-being and a more open dialogue around mental health in the corporate environment.However, despite these positive trends, the survey also uncovers areas that warrant attention. A significant 66% of employees report heavy workloads, suggesting room for improvement in workload distribution and management.Additionally, while 35% of respondents are engaging with wellness programs, a notable portion of employees have not yet utilised these resources, which may impact their ability to manage stress effectively.As a result, 37% of employees occasionally experience symptoms of burnout, such as exhaustion or reduced professional efficacy. This underscores the need for continued support and resources to help employees cope with workplace demands.Sekhar Garisa, CEO of foundit, commented on the survey:"It's heartening to see that a significant number of employees in Singapore are enjoying a positive work-life balance and feel comfortable discussing mental health at work. This marks a substantial step forward in creating supportive workplace cultures. While there are areas that warrant attention, such as workload management and addressing burnout, the overall findings are encouraging. By continuing to focus on employee well-being, Singaporean businesses can enhance productivity, foster innovation, and maintain their position as leaders in the global economy."Key Survey Highlights: Building on Positive MomentumThe survey underscores the progress made in Singapore's corporate sector and identifies opportunities for further enhancement:Work-Life Balance: 57% of employees report a positive work-life balance—37% rating it as "Good" and 20% as "Excellent". By supporting the 43% who rated their balance as "Fair" (27%) or "Poor" to "Very poor" (16%), organisations can further promote harmony between professional and personal lives.Increasing Mental Health Openness: A significant 51% of employees feel comfortable discussing mental health issues with their manager or HR, comprising 23% who are "Very comfortable" and 28% who are "Comfortable."Wellness Program Engagement: While 35% of respondents have utilised employee wellness programs, there's an opportunity to reach the 38% who haven't yet participated and the 27% who are unaware of such initiatives.Workload Management: 66% of employees report heavy workloads (42% "Heavy" and 24% "Extremely heavy"), giving organisations a chance to improve workload distribution.Addressing Burnout: Encouragingly, 46% of employees rarely or never experience burnout symptoms (24% "Never," 22% "Rarely"). Organisations need to support the 37% who occasionally face challenges.Key Stress Factors: Employees identify workload (37%), and lack of support (34%) as the top contributors to work-related stress. Addressing these areas offers organisations a clear focus for enhancing employee satisfaction and reducing stress.Looking AheadSingapore's workplaces have made notable strides in fostering environments that support employee well-being. By addressing areas that need attention and building upon the positive trends identified, organisations can create even more supportive and productive workplaces.As Singapore continues to evolve as a global business leader, emphasising employee well-being will contribute to sustained economic growth and social development. The findings from foundit's survey not only celebrate progress but also serve as a roadmap for continued improvement.By providing valuable insights into current workplace dynamics, the survey equips organisations with the information needed to implement effective strategies that enhance employee well-being and productivity.About foundit - APAC & Middle Eastfoundit, formerly Monster (APAC & ME) is Asia’s leading jobs and talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 120 million job seekers across 18 countries in upskilling and connecting them with the right job opportunities. foundit is now also the Official Talent Partner of the Badminton World Federation across 20 key world tour events. Over the last two decades, the company has been a leader in the world of recruitment solutions and has recently launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies.Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring.To learn more about, foundit in APAC & Gulf, visit:Singapore: https://www.foundit.sgPhilippines: https://www.foundit.com.phMalaysia: https://www.foundit.myIndia: https://www.foundit.inGulf: https://www.founditgulf.comHong Kong: https://www.foundit.hkIndonesia: https://www.foundit.idContact:For media inquiries or further information, please contactNamrata Sharma – Namrata.sharma@adfactorspr.comContact number - +65 81383034 Copyright 2024 ACN Newswire via SeaPRwire.com.
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Learn & Get Inspired at the Global STEM Confex ACN Newswire

Learn & Get Inspired at the Global STEM Confex

DUBAI, UAE, Oct 17, 2024 - (ACN Newswire via SeaPRwire.com) - The Global STEM Education Confex is back for its 11th edition, hosted by IBEForuM, happening on 6-7 November 2024 promises to be an unparalleled platform for knowledge exchange, collaboration, and innovation among educators, researchers, policymakers, and industry leaders. Set against the backdrop of the stunning Millennium Plaza Downtown Hotel in Dubai, this premier event is designed to connect thought leaders and drive the future of STEM education.This year’s Confex will gather top-notch speakers from around the globe, including 29 distinguished speakers and representatives from education ministries. With over 500+ delegates expected to attend from various countries, the conference is set to be a vibrant hub of ideas and solutions. The event is supported by 26 media partners and 22 sponsors, from across the globe with more to be announcedEvent Highlights:Engage with Policymakers and Industry Leaders: Collaborate to align STEM education with industry needs, ensuring a workforce equipped for future challenges.Hands-on Workshops and Interactive Labs: Participate in immersive sessions that provide practical insights and applicable skills in STEM education.Global Collaboration Opportunities: Network with educators, researchers, and innovators from around the world to discover potential partnerships.Explore Cutting-edge Advancements: Stay informed about the latest technologies and educational tools transforming STEM learning.Join us for this prestigious event, where STEM education and innovation meet to create lasting global impact. We look forward to welcoming you to Dubai!Event Details:Date: 6-7 NovemberVenue: Millennium Plaza Downtown Hotel, Dubai, UAEAbout IBEForuMIBEForuM is an International Organization with the goal of empowering global leaders to carve a better future. We are here to solve our shared global challenges through the power of collaboration. We help your business to build a sustainable future by synergizing ideas and infusing innovative solutions. Our insights and quality services help build trust and confidence giving birth to a ground-breaking alliance between academic research and practitioners thus helping them excel in this era of the digital revolution.Our extensive cross-industry connections bring together high calibre, industry leaders to provide the latest policy updates, strategic insight, and practical guidance. We deliver a broad range of industry-specific services that help create valuable relationships between our clients, their customers, employees, and regulatory authorities. We drive transformation by leveraging our cross-functional expertise across various domains. For more information, visit www.ibeforum.com.Speaking and Sponsorship Opportunities:For those interested in contributing to this significant event:Speaking Opportunities:Contact Arif Ulla+91 9845-113-293Email - arif.ulla@ibeforum.com Sponsorship Opportunities: Reach out to Imroze Shaik +91 9901-955-118Email - imroze.shaik@ibeforum.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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Everest Medicines Announces Taiwan TFDA Approval of NEFECON for the Treatment of Primary IgA Nephropathy

SHANGHAI, Oct 21, 2024 - (ACN Newswire via SeaPRwire.com) - Everest Medicines (HKEX 1952.HK, “Everest”, or the “Company”), a biopharmaceutical company focused on the discovery, clinical development, manufacturing and commercialization of innovative therapeutics, today announces that the Taiwan Food and Drug Administration (TFDA) has approved NEFECON® indicated “to reduce the loss of kidney function in adult patients with primary immunoglobulin A nephropathy (IgAN) who are at risk for disease progression1”. There are no restrictions on initial proteinuria levels in the approved indication. This marks the expansion of NEFECON®, the world's first and only IgAN etiological treatment drug fully approved by the U.S. Food and Drug Administration (FDA), to more IgAN patients."The approval of NEFECON® in Taiwan, China is another milestone for NEFECON®, following approvals in Singapore, Hong Kong, and the commercial launch in Mainland China this year.” said Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines. “IgAN is prevalent in the Asian population, which has 56% higher risk of progression to end-stage renal disease and faster disease progression, indicating a significant unmet clinical demand. In the future, we will continue to expand the access of NEFECON® across Asia to bring this first-in-disease therapy to more patients."The global Phase 3 NefIgArd clinical trial showed that compared to placebo, NEFECON® not only brought about a sustained reduction in proteinuria and reduced the frequency of microscopic hematuria but also demonstrated clinically relevant and statistically significant treatment benefits in estimated glomerular filtration rate (eGFR) (p
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Ching Lee Holdings practices CSR to promote sustainability in the construction industry ACN Newswire

Ching Lee Holdings practices CSR to promote sustainability in the construction industry

HONG KONG, Oct 21, 2024 - (ACN Newswire via SeaPRwire.com) - With the increasing global emphasis on sustainability, the Hong Kong government has introduced the 'Hong Kong's Climate Action Plan 2050'. To enhance the transparency of environmental governance and climate-related disclosure for listed companies, HKEX has also revised the "ESG Code" to be effective from 1 January 2025. Within this evolving framework, Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) factors have emerged as pivotal foundations for business development. This is particularly evident in Hong Kong's construction industry, where numerous companies proactively champion these initiatives to demonstrate a steadfast commitment to a sustainable future.As a good model among Hong Kong listed companies in construction industry, Ching Lee Holding Limited (3728. HK) is advancing its ESG agenda through a variety of initiatives. Notably, Ching Lee participated in the "ESG Pledge Scheme" this year organised and recognised by The Chinese Manufacturers' Association of Hong Kong. This initiative reinforces Ching Lee's leadership role in promoting ESG principles and highlights its proactive stance on sustainability.Employees' welfare and occupational health and safety are always the most important items on the ESG agenda. Ching Lee ensures preparedness on construction sites and conducts emergency drills regularly. This dedication reflects its responsible commitment and a profound respect for employee safety. Moreover, the company places a high value on enhancing employee skills. According to Ching Lee's annual report, the total training hours for employees reached an impressive 98.5 hours, with a training participation rate of approximately 60%. Employees are also integral participants in the ESG framework. Several companies have established training systems that align employee development closely with corporate sustainability objectives, thereby achieving a mutually beneficial outcome.In addition to prioritising occupational safety and skills training, Hong Kong companies support public welfare projects in education, healthcare, and culture, while encouraging employees to engage in community service. According to the annual report from Ching Lee Holdings, the company donated over HKD 1.5 million to various charitable organisations in the 2023-2024 financial year, with more than 60 employees actively participating in community service. Furthermore, Ching Lee commits to promoting green building technologies and mandates that all employees adhere rigorously to environmental standards throughout construction. For instance, the company advocates for using recyclable building materials and strives to minimise waste generation during construction activities in addition to energy-saving and emission-reduction measures.By implementing a comprehensive range of initiatives, Hong Kong companies enable their workforce to become active participants in ESG efforts. Ching Lee Holdings adeptly links corporate development with employee growth, illustrating that corporate social responsibility is not merely essential but constitutes a fundamental pillar of sustainable development. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Moolec Has Received USDA Approval for the First Genetically Modified Pea in History ACN Newswire

Moolec Has Received USDA Approval for the First Genetically Modified Pea in History

Luxembourg, Oct 16, 2024 - (ACN Newswire via SeaPRwire.com) - Moolec Science SA (NASDAQ:MLEC) ("the Company"), a leader in Molecular Farming technology, announced today that the U.S. Department of Agriculture's ("USDA") Animal and Plant Health Inspection Service ("APHIS") has completed its Regulatory Status Review ("RSR") for the Company's genetically engineered ("GE") peas which produce iron through bovine meat proteins. This is the third regulatory clearance from USDA-APHIS achieved by Moolec in an 18-month window, alongside its genetically engineered safflower and soybean for GLASO™ and Piggy Sooy™ products, respectively. Access the official USDA-APHIS publication here."With USDA approval for our GE pea, Moolec has now secured regulatory clearance for all of our key crops in the US: safflower, soybean, and pea," said Gastón Paladini, CEO and Co-Founder of Moolec. "We are proud to be the only Molecular Farming company with three US regulatory approvals and a major commercial contract. This milestone underscores our leadership in the landscape with tangible, science-backed results."Moolec's genetically engineered peas produce high yields of bovine myoglobin, a protein that boosts iron content, making it an ideal alternative for consumers seeking plant-based sources of iron. This product has the potential to revolutionize both the food ingredient market and the $65 billion pea industry by offering a nutritious, iron-rich alternative to traditional meat products.Amit Dhingra, Chief Science Officer for the Company, stated, "The USDA-APHIS Regulatory Status Review for pea marks a significant milestone for Moolec. As the first review for GE pea, it represents a historic development. It validates Moolec's strategic approach and exemplifies our commitment advancing sustainable food production through science and innovation. This approval is a critical step toward enhancing global food supply and meeting the growing demand for innovative, nutritious food solutions for the world."This approval not only showcases Moolec's innovation in Molecular Farming but also highlights the company's commitment to meeting the highest regulatory and safety standards. Moolec has also developed an Identity Preservation Program to ensure sustainable farming practices, promote stewardship for its crops and product quality for partners, clients and consumers alike.According to USDA-APHIS regulation found at 7 CFR part 340, developers may submit a request for a RSR when they believe a GE plant is not subject to the regulation. APHIS reviews the GE plant and considers whether it might pose an increased plant pest risk compared to its non-GE comparator. If APHIS does not identify a greater pest risk relative to the comparator, the GE plant is not subject to this regulation. Regulation 7 CFR part 340 governs the importation, interstate movement, and the environmental release of certain organisms that have been modified or produced by genetic engineering.The USDA-APHIS review process is a critical component of ensuring that genetically engineered crops can be grown safely, and this approval opens the floor for expanded field trials, seed scaling, and eventual commercialization. With increasing interest in science-based ingredients, this approval positions the company to lead a new wave of innovation in the food and agriculture sectors.About Moolec Science SAMoolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company's mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins for the good of the planet. Moolec's technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec's technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company's product portfolio and pipeline leverage the agronomic efficiency of broadly used target crops like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company's Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of PhDs and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.Forward-Looking StatementsThis publication contains "forward-looking statements." Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this publication, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this publication will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec's business and other risks and uncertainties, including those included under the header "Risk Factors" in Moolec's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC"), as well as Moolec's other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.Contact InformationPress & Mediacomms@moolecscience.comInvestor Relationsir@moolecscience.comRelated FilesMoolec Has Received USDA Approval For The First Genetically Modified Pea In HistorySOURCE: Moolec Science Copyright 2024 ACN Newswire via SeaPRwire.com.
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CITIC Telecom CPC Propels ‘+AI to AI+’ ACN Newswire

CITIC Telecom CPC Propels ‘+AI to AI+’

HONG KONG, Oct 18, 2024 - (ACN Newswire via SeaPRwire.com) - CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883) is at the forefront of AI+ innovation era, enabling dual empowerment of technology and data, and fostering a new business model of intelligence and innovation across industries. CITIC Telecom CPC has further unleashed multiple AI+ projects powered by “AI+ Cloud, Network, Security” framework, the integration of AI technology with big data analytics and security capabilities, and vital customer experience, fueling innovative AI+ applications across industries to reshape the Intelligence Operation Journey of enterprises.CITIC Telecom CPC collaborates with partners to co-create AI+ EcosystemFrom “Technology Empowerment”(+AI) to “Data Empowerment” (AI+)AI has become a cornerstone in today’s business landscape. As a leading Global-Local Intelligent DICT Service Partner, CITIC Telecom CPC fully embraces the global digitalization era and proactively deploys the visionary “ICT-MiiND” framework. This framework seamlessly integrates an “innovative” technology stack, the power of algorithms and big data into the ICT service platform, spanning across “Cloud, Network, Security” and bolstering the element of “intelligence” through cutting-edge AI technology and AIOps modules. CITIC Telecom CPC believes in the transformative power of AI+, actively enhances the in-depth integration of AI across various industries, driving innovative projects from focusing on "Big Data Modelling" to "Small-Scale Scenario implementation". CITIC Telecom CPC has not only deployed extensive resources in AI technologies, but also deeply integrated generative AI applications across the full-chain technology modules, evolving from Technology Empowerment (+AI) to Data Empowerment (AI+), ushering in a new era driven by AI algorithms and big data. AI+ covers diverse AI technologies and applications, integrating big data platforms with small-scale scenario models. This approach covers data collection, storage, governance and mining through deep algorithms, machine learning, and intelligent analysis, to develop a range of intelligent applications and AI+ solutions. Tailored to meet enterprise needs, it provides a one-stop service from business transformation to strategic analysis, efficiently fulfilling enterprise requirements.“CITIC Telecom CPC strives to integrate large AI models with diverse AI+ applications in small-scale scenarios, empowering customers to advance intelligent capabilities, unlocking a realm of new possibilities,” said Mr. Brook Wong, CEO of CITIC Telecom CPCMr. Brook Wong, Chief Executive Officer of CITIC Telecom CPC, said, “Striding from +AI to AI+, CITIC Telecom CPC pioneers AI technologies with a steadfast commitment to ‘Innovation Never Stops', continuously optimizes “Cloud, Network, Intelligence, Security” "solutions, and accelerates the development of intelligence-enabled industries. We actively dedicate various resources and collaborate with partners to co-create a prosperous AI+ ecosystem, enrich technical infrastructure, lead our team and the industry towards a generative AI era driven by large language models, AI technologies, data and intelligent analysis. We strive to integrate large AI models with diverse AI+ applications in small-scale scenarios, empowering customers to advance intelligent capabilities, unlocking a realm of new possibilities.”Transformative AI+ Solutions Generate New Driving Force for Data & Security ApplicationsCITIC Telecom CPC stands at the forefront of AI technology. With decades of ICT experience and industry expertise, its data science and innovation teams are propelling AI innovations with cutting-edge algorithms and deep learning techniques, unlocking data value and accumulating a range of generative AI applications for enterprises. The team has developed a series of award-winning and groundbreaking AI+ solutions such as the newly-launched AI Databank and AI Pentest, driving operational efficiency and cost savings for enterprises.AI Databank – Powering Big Data with Fast, Accurate & Actionable Insights on a Single PlatformAI Databank integrates tremendous data from various business systems, collecting a wide array of internal and external information (such as CRM and ERP). Utilizing generative AI technology, enhanced by deep learning and big data training, it enables efficient data management and real-time report generation. Users can interact with the platform to quickly retrieve data and multiple real-time data charts through dialog-based data queries, empowering data-driven decision making. AI Databank also analyzes current and historical data to build forecast models, helping companies in future planning.AI Pentest – Redefining Vulnerability Assessment with Proactive, Secure and Intelligent AutomationCITIC Telecom CPC has successfully led the Security Operations Center (SOC) to enter into a new AI-driven era since the launch of "TrustCSI™ 3.0" cybersecurity solution at the end of last year. The newly-launched AI Pentest plays a key role in the security portfolio. It is a lightweight solution powered by unique AI-driven bypass techniques to expose WAF vulnerabilities, enabling automated routine task scheduling to simplify the assessment of internal network asset and empower enterprises to keep pace with the rapidly changing IT environment. AI Pentest functions as an AI robot cleaner which automatically operates 24x7, helping enterprises identify key vulnerabilities in the network and establish a robust defense against potential threats.CITIC Telecom CPC's AI+ solutions have been implemented in various industries to foster integration of diverse AI+ applicationsAI+ Reshapes Industries with New Scenarios & Business ValuesCITIC Telecom CPC's AI+ solutions have been implemented in various industries to foster integration of diverse AI+ applications, assisting customers in incorporating generative AI technology, deep learning and data applications, empowering digital transformation for enterprises including:- AI+TelecommunicationsCITIC Telecom CPC leverages AI+ innovation capabilities to create a "Network and Information Security Threats Identification Algorithm Model". Leveraging Natural Language Processing (NLP), algorithm models and innovative technical architecture, an "AI+ telecommunications industry" application platform is created. The platform uses large AI security industry models to learn and identify scams as well as the patterns and characteristics of fraudulent calls. A repetitive learning and training cycle, integrated deep learning capability, on a large amount of known scams and fraudulent calls data is conducted to automatically identify new suspicious calls in the network immediately, greatly improving the accuracy of analysis and interception, and generating values for the society.Use case: Developed by CITIC Telecom, “AI+ Digital and Intelligent Cross-border Mobile Network Security Service Platform” project has won multiple distinguished awards in the market. The project utilizes Voice/Signaling/SMS firewall interception to help major telecommunications service providers, mobile service operators and enterprise sector to enable real-time alerts and interception of illegal and fraudulent Voice/SMS messages. The cloud-based platform can be utilized in local and cross-border cross-network scenarios to identify SMS messages from international countries to mainland China and inter-country communications. The solution effectively helps citizens identify registered SMS senders to stop fraudsters from sending scam SMS messages masquerading as other companies or organizations.- AI+ ManufacturingAs the global manufacturing industry is booming rapidly, the integration with different new technologies is accelerating. Powered by AI, enterprises actively deploy multiple AI tools, diverse application scenarios and big data to build an innovative digital and intelligence ecosystem. Industry chain not only enhances production efficiency and quality, but also responds to changes efficiently through digital planning and intelligent analysis, and also devises more precise future operations plans. AI-driven data security solutions provide enterprises with instant responses to security threats,enhanced data and cyber security, secure and intelligent manufacturing environment, elevating intelligent production to a new level.Use case: CITIC Dicastal, the first lighthouse factory in the global aluminum wheel industry, paved the way for its transformation journey with pivotal support from CITIC Telecom CPC and its subsidiary China Entercom in establishing a secure, efficient and fast data highway. This initiative enabled seamless connectivity among its global factories and significantly enhanced its digital and intelligent operational management capabilities. Leveraging its industry expertise, insights and technical knowledge, CITIC Telecom CPC’s Innovation team empowered CITIC Dicastal to overcome networking and security challenges across various application scenarios, including AI-driven manufacturing, process optimization, R&D design, operational decision-making, green and low-carbon initiatives, facilitating to build a “Vertical Industry Big Model of Aluminum Automobile Parts”, enhancing production efficiency and intelligence. CITIC Telecom CPC’s “AI+ Cloud, Network, Security” not only empowers the intelligent enhancement of CITIC Dicastal's entire industry chain but also reinforces its "AI+ Security" capabilities, refines real-time response alerts and develops interconnection across global factories while effectively monitoring information security threats. These initiatives strengthen the cornerstone of information security, forging a new era for the “Lighthouse Factory”. - AI+ AutomobileDemand forecasting is the most important part of the digital and intelligent transformation of an enterprise's supply chain. CITIC Telecom CPC's "Intelligent Order Demand Forecasting Solution" utilizes AI technology to predict complex and fragmented materials, improving the forecasting accuracy of order demand for vehicle models, and dynamically adjusting materials and production capacity planning.Use case: Headquartered in Europe, a world-renowned automobile parts supplier operates in 29 countries and regions, and serves various well-known automobile brands around the world. CITIC Telecom CPC’s "Intelligent Order Forecast Solution" enables customers to increase forecast accuracy to over 80%, optimize supply chain management, and achieve cost reduction and efficiency improvement.- AI+ RetailThe retail industry is undergoing a large-scale implementation of AI applications. CITIC Telecom CPC's “Cloud, Network, Intelligence, Security” integrated platform help enterprises build a secure, efficient and flexible digital infrastructure, enhance network transmission, information security, cloud computing resources and AI platform capabilities through dynamic perception, predictions and intelligent alerts for networks and applications. Harnessing AI technology and data analysis, we facilitate enterprises in expediting their digital transformation. By enhancing traditional workflow designs with scenario templates like customer service management, R&D evaluation, and marketing reports, strategically utilize big data to reinvent business to seize market opportunities.Use case: A world-renowned cosmetics retail brand has been committed to scientific research and innovation for many years. CITIC Telecom CPC's “AI+ Cloud, Network, Security” integrated platform helps to build a secure, efficient and flexible digital infrastructure. The dynamic perception of networks and applications, predictions and intelligent alerts for networks and applications assist the cosmetics retail brand to realize the values of “In Shanghai, For China, and Connect the World" to meet the needs of consumers in mainland China and around the world.To know more information aboutFrom “Technology Empowerment” (+AI) to “Data Empowerment” (AI+),please visit https://www.citictel-cpc.com/en-hk/ict-miindAbout CITIC Telecom CPCWe are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ cloud computing solutions.With the motto “Innovation Never Stops,” we leverage innovative technologies to boost technology empowerment (+AI). Embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies we aim to unlock technical potential. By integrating deep learning and intelligent data analysis technologies, we transform these technologies into data empowerment (AI+) generative applications, reshaping the Intelligence Operation Journey of enterprises.With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across nearly 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect nearly 170 points of presence (POPs), 60+ SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24x7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.For more information, please visit www.citictel-cpc.comMedia Contacts:Catherine YuenCITIC Telecom CPC(852) 2170 7536Email: catherine.yuen@citictel-cpc.com Copyright 2024 ACN Newswire via SeaPRwire.com.
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The 15th Turkish-Arab Economic Forum (TAFF 2024) took place at the Four Seasons Bosphorus Hotel in Istanbul ACN Newswire

The 15th Turkish-Arab Economic Forum (TAFF 2024) took place at the Four Seasons Bosphorus Hotel in Istanbul

ISTANBUL, October 18, 2024 - (ACN Newswire via SeaPRwire.com) - The 15th Turkish-Arab Economic Forum (TAFF 2024), aimed at deepening relations between Turkiye and the Gulf countries and defining joint strategies for the region, took place yesterday in Istanbul.The Forum saw the attendance of many key figures from the Gulf countries, including Kuwait's Minister of Finance Noora Suleiman Salem Al-Fassam, Iraq's Minister of Finance Taif Sami Mohammed, Egypt's Deputy Minister of Finance Ahmed Kouchouk, Tunisia's Minister of Economy and Planning Samir Abdelhafidh, Libya's Minister of Finance Dr Kalid Al-Mabrouk, President of the Turkish Investment Fund Baghdad Amreyev, Secretary General of the Egyptian Federation of Arab Chambers Dr Khaled Hanafy, Regional Director of the Saudi International Finance Corporation Fawaz Bilbeisi, Director of the World Bank GCC Cooperation Safaa El Tayeb El-Kogali, Partner at the UK's DWF Solomon Ebere, Board Member of the Qatar Chamber Mohamed Bin Ahmed Al Obaidly, and Vice President of International Business Development of the United Arab Emirates Khalid Al Marzooqi.Turkiye's Minister of Treasury and Finance Mehmet Simsek evaluated global and regional strategies.In his speech at the 15th Turkish-Arab Economic Forum, Minister of Treasury and Finance Mehmet Simsek highlighted the decline in inflation and the slowdown in monetary policies. He emphasized that global trade will continue in November, pointing out that while there are challenges, there are also opportunities in this process. Mehmet Simsek further noted that he expects an increase in cooperation across various sectors, emphasizing that partnerships in energy, manufacturing, technology, and machinery are crucial for realizing the region's potential and he expressed his support for diversification strategies.Dr. Erkan Kork stated that Turkiye and the Gulf countries could build a shared future.Speaking at the 15th Turkish-Arab Economic Forum, Dr. Erkan Kork, Chairman of the Board of BankPozitif, highlighted that the participating countries share the same geography, history, and values, and emphasized that joint steps would be stronger and more effective. He noted that building a shared future with the available know-how, technology, and investments is vital for unlocking the region's potential.BankPozitif Chairman Dr Erkan Kork at the 15th Turkish Arab Economic ForumExpressing pride in Turkiye's positioning as a fintech hub, Dr Erkan Kork predicted that Turkiye would play a leading role on the global stage in various fields in the near future. He also stressed the importance of forums, fairs and events like this for fostering relationships between the business world and governments of different countries.In his speech, Dr Erkan Kork pointed out that Turkiye is in a very strong position in terms of innovation and information technology, noting that while processing times in many sectors in Europe are long, they are much shorter in Turkiye. Dr. Erkan Kork also highlighted Turkiye's high level of competitiveness in recent years.At the forum, which had a high participation rate, Fatih Karahan, Governor of the Central Bank of the Republic of Turkiye, Burak Dagloglu, Member of the Board of Directors of the Turkiye Wealth Fund, and Rfat Hisarckloglu, President of the Union of Chambers and Commodity Exchanges of Turkiye, were also among the speakers.Source: BankPozitif, https://www.bankpozitif.com.trSait Inanc, +90533 722 49 69, info@bankpozitif.com.tr* This press release is issued through EuropeNewswire.Net (www.europenewswire.net) and distributed by EmailWire (www.emailwire.com) – the gloabal newswire that provide Press Release Distribution with Guaranteed Results™. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Everest Medicines’ Stock Price Rises by 20% as Profit Potential Drives Valuation Recovery

HONG KONG, Oct 18, 2024 - (ACN Newswire via SeaPRwire.com) - Everest Medicines (1952.HK) closed today with a 20.46% increase, hitting a high of HKD 28.6. The company's stock price has been steadily rising since the release of its interim results, with today's trading volume reaching HKD 291 million. Market updates show that BOCOM International released a report assigning an 'outperform' rating to the Chinese pharmaceutical sector, with Everest Medicines being one of the key recommended stocks.Recently, the Hong Kong government released a policy address with numerous measures aimed at attracting overseas capital to Hong Kong, which has been a positive driver for the Hong Kong stock market. Additionally, negative sentiment in the innovative drug sector is gradually fading, and the market is now focusing on companies with profit potential and valuation recovery resilience.According to Everest Medicines' 2024 interim financial report, the company saw a significant revenue increase in the first half of the year, reaching RMB 302 million, representing a 158% growth compared to the second half of last year, marking the first time the company has achieved commercial profitability. The company's core products, Nefecon® and XERAVA® (the world's first-in-class fluorocycline antibiotic), have already been commercialized, with three products expected to be launched by the end of the year. In terms of innovative research and development, Everest Medicines owns an mRNA platform with full intellectual property rights and global benefits, dedicated to developing both preventive and therapeutic mRNA products. The company expects to achieve full-year sales of RMB 700 million by 2024 and aims to break even by the end of 2025.As BOCOM International released a report, it highlighted that innovative drug companies with abundant short-term catalysts, strong profit growth potential, or clear break-even timelines, along with significant valuation recovery potential, are worth close attention. Investors are also advised to focus on small and mid-sized innovative pharmaceutical companies whose market value diverges significantly from their fundamentals. These companies are expected to experience a strong rebound as liquidity improves.Over the past two months, Everest Medicines' stock has risen by over 65%. Recently, the unexpected adjustments in domestic monetary policy further energized capital markets. The continuous rise in both Hong Kong and mainland Chinese stock markets highlights the innovative drug sector as a key area of focus, given its long-term valuation bottoming and significant growth potential, making it a highly attractive investment in this market rally. Copyright 2024 ACN Newswire via SeaPRwire.com.
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China Medical System: First Ruxolitinib Cream’s Prescriptions for Vitiligo Issued in the Greater Bay Area ACN Newswire

China Medical System: First Ruxolitinib Cream’s Prescriptions for Vitiligo Issued in the Greater Bay Area

SHENZHEN, CHINA, Oct 18, 2024 - (ACN Newswire via SeaPRwire.com) - China Medical System Holdings Limited (the “Group” or “CMS”) is pleased to announce that on 18 October, the first batch of prescriptions of ruxolitinib phosphate cream (the “ruxolitinib cream” or the “Product”) for qualified vitiligo patients were issued in the Greater Bay Area, at Zhongshan Chen Xinghai Hospital of Integrated Traditional Chinese and Western Medicine, Foshan Fosun Chancheng Hospital, and Dongguan Songshan Lake Tungwah Hospital. The Product’s new drug application (NDA) was approved by the Pharmaceutical Administration Bureau (ISAF) of Macau on 11 April 2024, and subsequently the Product was approved by the Guangdong Provincial Medical Products Administration on August 19 through the "Hong Kong and Macau Medicine and Equipment Connect" policy, which officially introduced ruxolitinib cream for the treatment of non-segmental vitiligo with facial involvement in adults and adolescents from 12 years of age, providing a novel treatment option for patients with relevant indication into designated medical institutions in the Mainland of Greater Bay Area.In addition, on 24 September, the NDA for vitiligo indication of ruxolitinib cream has been accepted by the National Medical Products Administration of China (NMPA). In accordance with the relevant regulations of the drug real-world data application pilot program in the Hainan Boao Lecheng International Medical Tourism Pilot Zone (the “Pilot Zone”), CMS has conducted a real-world study on ruxolitinib cream in China. The results have shown positive efficacy, which is consistent with the key outcomes of global pivotal clinical studies. All secondary efficacy endpoints showed a trend of benefit consistent with the primary efficacy endpoint, and the treatment effect for vitiligo continued to improve with longer treatment duration. Meanwhile, through the safety monitoring data of the Pilot Zone, no new safety events have been identified. Adverse events mostly had severity levels of grade 1 or 2. No adverse event (AE) leading to discontinuation or withdrawal, and no serious adverse event (SAE) related to the study drug occurred.If the Product is successfully approved for marketing in Mainland China, it will be the first prescription drug approved by NMPA for repigmentation in vitiligo, bringing this novel treatment hopes for Chinese vitiligo patients.Furthermore, on 12 August 2023, the Product was approved by Hainan Medical Products Administration for Urgent Clinical Import, and officially became available to applicable patients in the Pilot Zone on August 18, for the topical treatment of non-segmental vitiligo in adults and adolescents aged 12 and above with facial involvement. Benefiting from the Early and Pilot Implementation Policy granted by the state to Hainan Free Trade Port and the Pilot Zone, patients with vitiligo in China can apply for the Product in Boao Super Hospital first and receive treatment from the expert team. As of 30 June 2024, more than 3,200 patients have been treated with ruxolitinib cream in Boao Super Hospital.CMS has always been patient-oriented and innovation-driven based on clinical needs, continuously striving to improve drug accessibility. Benefited from the "Hong Kong and Macau Medicine and Equipment Connect" policy, ruxolitinib cream was approved for use in the Greater Bay Area and completed its first batch of prescriptions, shortening the time difference for Chinese vitiligo patients to use innovative drug and benefiting more domestic patients. Looking forward to the future, the Group will continuously strive to meet the unmet needs of Chinese patients, continuously explore novel drugs with international quality, and efficiently promote products’ clinical development and commercialization, so as to bring more quality pharmaceutical products through differentiated innovation-breakthrough, to safeguard the health and life-quality of patients.About ruxolitinib creamRuxolitinib cream (Opzelura), a novel cream formulation of Incyte’s selective JAK1/JAK2 inhibitor ruxolitinib, is approved by the U.S. Food & Drug Administration for the topical treatment of nonsegmental vitiligo in patients 12 years of age and older. As of now, it is the first and only treatment for repigmentation approved for use in the United States[1]. Ruxolitinib cream (Opzelura) is also approved in the U.S. for the topical short-term and non-continuous chronic treatment of mild to moderate atopic dermatitis (AD) in non-immunocompromised patients 12 years of age and older whose disease is not adequately controlled with topical prescription therapies, or when those therapies are not advisable[2]. In Europe, ruxolitinib cream (Opzelura) is approved for the treatment of non-segmental vitiligo with facial involvement in adults and adolescents from 12 years of age[3].On 2 December 2022, the Group through a subsidiary of the Company, a dermatology medical aesthetic company (“CMS Skinhealth”) entered into a Collaboration and License Agreement (the “License Agreement”) with Incyte for topical formulations of ruxolitinib for the treatment of autoimmune and inflammatory dermatology diseases. In accordance with the License Agreement, the Group through CMS Skinhealth received an exclusive license to develop, register and commercialize the Product in Mainland China, Hong Kong Special Administrative Region, Macau Special Administrative Region, Taiwan Region and eleven Southeast Asian countries (Indonesia, Philippines, Vietnam, Thailand, Myanmar, Malaysia, Cambodia, Laos, Singapore, Timor-Leste and Brunei Darussalam) (the “Territory”) and a non-exclusive license to manufacture the Product in the Territory. The License Agreement commenced on its effective date and has a royalty term of ten years from the date of the commercial sale of the Product in the Territory (the “Royalty Term”). Upon the expiration of the Royalty Term, the License Agreement may be renewed for a period of ten years thereafter (the “Initial Extended Royalty Term”) as per certain conditions defined in the License Agreement. Upon the expiration of the Initial Extended Royalty Term, the License Agreement may be extended for a period otherwise agreed by both sides as per certain conditions defined in the License Agreement.Incyte has worldwide rights for the development and commercialization of the Product, marketed in the United States and Europe as Opzelura®. Opzelura and the Opzelura logo are registered trademarks of Incyte.About vitiligoVitiligo is a chronic autoimmune disease characterized by depigmentation of the skin, which results from the loss of pigment-producing cells known as melanocytes. It is estimated that there are approximately 14 million vitiligo patients in China[4]. Non-segmental vitiligo patients account for approximately 85% of them. Topical corticosteroids (TCS) and calcineurin inhibitors (CI) are used off-label for non-segmental vitiligo, however, these therapies have clinical deficiencies with long-term adverse reactions of long-term treatment or limited efficacy[5,6].About CMSCMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its dermatology and medical aesthetics business, and ophthalmology business, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a "bridgehead" for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.Reference:1. Drug approval information can be found on the FDA official website, as follows: https://www.fda.gov/drugs/news-events-human-drugs/fda-approves-topical-treatment-addressing-repigmentation-vitiligo-patients-aged-12-and-older2. Drug approval information can be found on the Incyte official website, as follows: https://investor.incyte.com/news-releases/news-release-details/incyte-announces-us-fda-approval-opzeluratm-ruxolitinib-cream3. Drug approval information can be found on the EMA official website, as follows: https://www.ema.europa.eu/en/medicines/human/EPAR/opzelura4. Ezzedine K, Eleftheriadou V, Whitton M, van Geel N. Vitiligo. Lancet. 2015;386(9988):74-84. doi:10.1016/S0140-6736(14)60763-75. Consensus on the diagnosis and treatment of vitiligo (2021 version)6. Kubelis-López DE, Zapata-Salazar NA, Said-Fernández SL, Sánchez-Domínguez CN, Salinas-Santander MA, Martínez-Rodríguez HG, Vázquez-Martínez OT, Wollina U, Lotti T, Ocampo-Candiani J. Updates and new medical treatments for vitiligo (Review). Exp Ther Med. 2021 Aug;22(2):797. doi: 10.3892/etm.2021.10229. Epub 2021 May 25. PMID: 34093753; PMCID: PMC8170669.CMS Disclaimer and Forward-Looking StatementsThis press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.Media ContactChina Medical System Holdings Ltd.CMS Investor RelationsWebsite: https://web.cms.net.cn/en/home/Source: China Medical System Holdings Ltd. Copyright 2024 ACN Newswire via SeaPRwire.com.
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Participation in the Multilateral System Remains High as Performance Drops, New Index Finds ACN Newswire

Participation in the Multilateral System Remains High as Performance Drops, New Index Finds

Washington, D.C., Oct 18, 2024 - (ACN Newswire via SeaPRwire.com) - Today marks the launch of the second edition of the Multilateralism Index from the International Peace Institute (IPI) and the Institute for Economics & Peace (IEP). The Index reveals that states remain engaged in the global multilateral system even as it increasingly struggles to address the crises it faces.Multilateralism Index 2024 ReportAn image of the front cover of the Multilateralism Index 2024 ReportKey resultsThe performance of the multilateral system declined across all five domains examined.Peace and security showed the steepest deterioration in performance, with the number of armed conflicts rising from 39 in 2013 to 55 in 2022.Climate action and human rights also saw significant declines in performance, despite increased engagement from member states.Participation in multilateral institutions has increased in most domains, even as performance has declined, indicating a shift from cooperation to contestation.Inclusivity improved across all domains, with steady growth in NGO engagement and women's representation in UN bodies.The Multilateralism Index 2024 presents a complex picture of global cooperation over the past decade, examining five crucial domains: Peace and Security, Human Rights, Climate Action, Public Health, and Trade. It reveals a contradiction: while participation in the multilateral system has largely held steady or even increased, its effectiveness in addressing global challenges has declined.Dr. Adam Lupel, IPI Vice President & COO said: "Over the past decade, we've witnessed a paradox in multilateralism. While participation in international institutions has largely held steady or even increased, the performance of the multilateral system in addressing global challenges has declined. This suggests a shift from cooperation to contestation at a time of transformation and rising global crises."The peace and security domain experienced the most significant deterioration in performance. Active armed conflicts increased from 39 in 2013 to 55 in 2022, with a notable rise in internationalized conflicts. The UN Security Council has seen more frequent use of the veto power, constraining its ability to respond to crises. However, states have not broadly pulled back from the UN peace and security architecture, and commitments in some areas, such as multilateral peacebuilding, have increased.Climate action presents another contradiction. Despite near-universal participation in the Paris Agreement and growing climate commitments, these commitments continue to fall short of necessary targets. Projections show an 8.8% increase in emissions by 2030, in stark contrast to the 43% decrease required to meet the critical 1.5°C target.The human rights domain exhibits a counterintuitive pattern. While engagement with UN human rights mechanisms has increased, global human rights protections have steadily declined. Most strikingly, members of the UN Human Rights Council consistently scored lower on human rights measures than the global average, indicating that many states are engaging less to advance human rights than to shape the direction of the system.Multilateral action on public health was significantly shaped by the COVID-19 pandemic, which reversed years of progress, particularly in areas such as childhood immunization. It also put the shortcomings of the global public health system in stark relief, spurring negotiations on an international pandemic agreement aimed at strengthening preparedness and response capabilities for future health crises.Trade is the one area where both performance and participation decreased. The paralysis of global trade negotiations and breakdown in adherence to global trade rules signal a shift away from multilateral approaches. This trend, combined with growing geopolitical tensions, creates challenges for global economic cooperation.Steve Killelea, Founder & Executive Chairman of IEP, commented: "The Multilateralism Index 2024 reveals a challenging trend: while engagement in global institutions has increased, their effectiveness has declined across key areas. There is a need to revitalize our multilateral system to address today's complex challenges."Despite these challenges, the Index highlights positive developments, particularly in the area of inclusivity. NGO engagement with the UN system has grown, and women's representation has increased across many UN bodies. However, the Global South remains underrepresented in many areas, suggesting that geographic inclusivity remains a work in progress.As the world contends with interconnected crises, from conflict to climate change, the Multilateralism Index 2024 provides valuable insights into the current state of global cooperation. It underscores the need for thoughtful reform to ensure that multilateral institutions can effectively address the complex challenges of the 21st century.Contact InformationMike KoslowskiIEP Senior Communications Advisormkoslowski@economicsandpeace.org+61418410531Related FilesMultilateralism Index 2024 - Full Press Release (1)Multilateralism Index 2024 - Full Press Release (1)SOURCE: International Peace Institute Copyright 2024 ACN Newswire via SeaPRwire.com.
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DPC Dash – Domino’s Pizza China Drives Sales and Profit Growth and Optimizes Shareholder Structure

HONG KONG, Oct 18, 2024 - (ACN Newswire via SeaPRwire.com) - As recent economic stimulus measures by the government of China boost consumer confidence, and propel a rally in domestic stock markets, consumption stocks have been leading the surge, closing strong in the third quarter of 2024 strong. DPC Dash – Domino’s Pizza China, ("DPC Dash" or the "Company") (1405.HK), Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, has further optimized shareholder structure to deliver long-term and significant value to shareholders.In the third quarter of 2024, the Company announced its inclusion in the Hong Kong Hang Seng Composite Index and the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect Programs, underscoring its market credibility and growth potential. The inclusion in both a major index and stock connect programs offered more liquidity. As of October 15, 2024, the company’s stock price has surged over 60% since its IPO on March 28, 2023, significantly outperforming the Hang Seng Composite Index during the same period[i]. In order to further optimize shareholder structure and enhance the Company’s trading liquidity, Domino’s Pizza LLC, an indirect wholly-owned subsidiary of Domino’s Pizza, recently announced an agreement to sell an aggregate of 10,000,000 of the Company’s shares, or 7.66% of its total issued share capital as of October 17, 2024, to purchasers including institutional investors through off-market block trades. Following this share sale, Domino’s Pizza LLC retains 6.21% of total issued share capital with a lock-up period of 90 days for its remaining shares. The enduring relationship between DPC Dash and DPZ remains robust. The allocation is an opportunity for DPC Dash to further improve liquidity and bring new dynamics to its shareholder structure. Notable international banks have rated DPC Dash as “Buy” or “Outperform”, showing confidence in the company’s fundamentals and stock performance.DPC Dash continues to demonstrate its market prowess with strategic growth, operational efficiency and customer satisfaction. The Company’s remarkable success can be largely attributed to its effective 4D strategy of Development, Delicious pizza at value, Delivery, and Digital. This comprehensive approach has enabled the company to serve high-quality, value-for-money pizzas to a steadily growing customer base. From 2021 to 2023, DPC Dash realized a Compounded Annual Growth Rate (CAGR) of 37.6% in revenue. In the first half of 2024, revenue reached RMB2.04 billion while both reported and adjusted net profit after tax turned positive for the first time.The Company’s “Go Deeper, Go Broader” strategy has been instrumental in its growth. As of September 30, 2024, DPC Dash operates 978 stores across 33 cities, reflecting a robust expansion with 210 new stores opened year-to-date. The combined total of net new stores added this year, stores currently under construction, and stores with signed agreements has reached approximately 100% of the full-year opening target for 2024. It is confident in maintaining this strong expansion dynamic, with plans to open its 1000th store in the fourth quarter of 2024 and open 300 to 350 new stores annually in 2025 and 2026. The store network expansion is supported by strong performance metrics, including holding 28 of the top 30 positions for first 30-day sales among Domino’s global network of over 21,000 stores as of the end of the third quarter of 2024. Since the current management took the helm in the third quarter of 2017, DPC Dash has since achieved 29 consecutive quarters of positive same-store sales growth (SSSG) despite market and industrial turbulence. Meanwhile, the company’s digital initiatives played a crucial role in driving customer engagement and loyalty. The company’s loyalty program boasted 21.7 million members as of September 2024, with 11 million new customers placing their first orders in the past 12 months with Domino’s Pizza China.Looking ahead, DPC Dash remains focused on its expansion plans and operational enhancements, aiming for sustainable, profitable growth in China’s vast pizza market through continual innovation and optimization. The company’s resilient business model and strategic initiatives position it well for continued success in this competitive industry. The company will continue to strengthen its market position and add value to consumers by constantly enhancing product quality, service level, and customer experience.[i] Based on closed stock price of DPC Dash and HSCI of March 28, 2023 and October 15, 2024. Copyright 2024 ACN Newswire via SeaPRwire.com.
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VPBank Partners With CleverTap To Transform Vietnam’s Banking Experience ACN Newswire

VPBank Partners With CleverTap To Transform Vietnam’s Banking Experience

San Francisco, CA & Hanoi, Oct 17, 2024 - (ACN Newswire via SeaPRwire.com) - VPBank, one of Vietnam’s largest private banks, partners with CleverTap, the all-in-one customer engagement platform, to deepen understanding of customers and their aspirations and use the insights to deliver hyper-personalized experiences to users, at scale. VPBank aims to elevate customer experience and drive higher conversions on products and offers through highly targeted campaigns built on complex, real-time segmentation that quickly connects with customers. Through this association with CleverTap, VPBank’s objective is to improve engagement, deepen relationships and drive higher retention, while keeping costs low.Established in 1993, VPBank operates in a wide variety of businesses including retail banking, corporate banking, wealth management, and consumer finance. VPBank aims to become a top-ranking financial institution among joint stock commercial banks in Vietnam, in terms of business scale, market share, and service quality. Leveraging CleverTap’s AI/ML-powered capability suite, Clever.AI, VPBank will be able to hyper-personalize its engagement via multiple automation and journeys. It will enable a seamless and omnichannel onboarding experience for new users, driving higher success rates for key milestones such as registration and the first transaction. With the unified customer view on CleverTap, VPBank can identify high-intent users and target them with contextual and relevant offerings, achieving an increase in customer lifetime value.Varun Krishna, Head of Digital Marketing, VPBank said, “We’ve always strived to maintain our position as one of Vietnam’s leading financial institutions. In an increasingly competitive banking landscape, delivering personalized and meaningful customer experiences is paramount. Partnering with CleverTap empowers us to harness advanced AI-driven insights, enabling us to engage our customers more effectively and tailor our offerings to their unique needs across digital channels. This collaboration not only enhances our ability to connect with customers on a deeper level but also drives sustained growth and loyalty. Together, we are committed to setting new standards in customer engagement and positioning VPBank as the most trusted and preferred bank in Vietnam.”Mai Vo, Country Manager, CleverTap said, “Vietnam’s banking sector is at the precipice of a new era of growth. Our partnership with VPBank couldn’t be timed better. With a legacy of innovation and customer-centricity, VPBank has consistently set benchmarks in the Vietnamese banking industry. Their commitment to using technology for crafting exceptional customer experiences aligns perfectly with our vision. Together, with CleverTap’s state-of-the-art omnichannel platform, personalizing and enhancing customer engagement has never been more seamless. This partnership is not only a testament to CleverTap’s expertise in driving conversion and retention but also underscores VPBank’s leadership in propelling Vietnam's banking sector into a new era of excellence”About CleverTapCleverTap is the leading all-in-one customer engagement platform that helps brands unlock limitless customer lifetime value. CleverTap is trusted by over 2000 brands like Domino’s, Levis, Jio, Papa John’s, Zomato, Kotak Bank, Air Asia, Carousell, TD Bank, and Tesco to help build personalized experiences for all their customers. The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering speed and cost efficiency at scale.Backed by top-tier investors such as Accel, Peak XV Partners, Tiger Global, CDPQ and 360 One, the company is headquartered in San Francisco, with presence across Seattle, London, São Paulo, Bogota, Mexico, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Singapore, Vietnam, and Jakarta.For more information, visit clevertap.com or follow us on:LinkedIn: https://www.linkedin.com/company/clevertap/ X: https://twitter.com/CleverTap Forward-Looking StatementsSome of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.For more information:SONY SHETTYDirector, Communications, CleverTap+91 9820900036sony@clevertap.com ASHMIT CHAUDHARYAssociate Consultant, Archetype+91 8850752121ashmit.chaudhary@archetype.co Copyright 2024 ACN Newswire via SeaPRwire.com.
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