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Can we produce low-cost omega-3s without relying on fish?

GOLD COAST, Australia, Oct. 20, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

Pexar VivKeep Digital Photo Frames, Powered by Lexar, Now Available at JB Hi-Fi in Australia

MELBOURNE, Australia, Oct. 20, 2026 /PRNewswire/ — Pexar, a smart device brand powered by Lexar, announced that its VivKeep digital photo frames are now available exclusively through JB Hi-Fi Australia, the premier electronics retailer in Australia, in stores nationwide and online. The launch gives Australian families a simple way to keep shared photos on display at home. Anti-Glare, No Subscription Fee, Up to 60 second videos, unlimited photo uploads, families calendar and much more.


Founded in Melbourne in 1974, JB Hi-Fi has more than 200 stores across Australia and is where many Australians shop for their tech.

“Working with JB Hi-Fi brings Pexar to more homes in Australia,” said Victor Zhao, Co-Founder of Pexar “With Pexar, you get a top-quality display, more useful app features and no monthly fees. Whether it’s for your own home or a gift for someone important to you, a Pexar frame is the best choice.”

Photos and a calendar in one frame

Pexar VivKeep frames are built for homes that want more from a digital frame. Through the free Pexar App, family and friends can send photos and videos to the frame from anywhere, and the frame can also display a calendar. There are no subscription fees, and photos are stored on the frame itself.

Three sizes for any room

The 11-inch 2K VivKeep Pro has a sharp, 2000 x 1200 anti-glare touchscreen and comes in Black or Sand. The 15.6-inch VivKeep Starlight adds gallery lighting that glows from behind the display onto the wall, giving each photo a sense of warmth and depth. The 10.1-inch VivKeep is a compact choice for a desk or bedside table. All three work in landscape or portrait. The 10.1- and 11-inch models hold about 40,000 photos, and the Starlight holds about 80,000.

Availability at JB Hi-Fi

The Pexar VivKeep digital photo frames are now available at JB Hi-Fi stores across Australia and through the JB Hi-Fi online store. The 11-inch 2K VivKeep Pro (Black or Sand) is priced at AU$299, the 15.6-inch VivKeep Starlight at AU$499 and the 10.1-inch VivKeep (Black or Grey) at AU$229.

About Pexar

Powered by Lexar, Pexar crafts premium products for life-sharing and creative workflows, from digital displays to precision desktop accessories. Our mission is to eliminate everyday friction with thoughtful innovation and masterfully engineered hardware that goes beyond good enough. For more information, please visit pexar.com, or find Pexar on Instagram, Facebook and YouTube.

Media Contact

Katherine Zhang

Head of Brand & Marketing, Pexar

marketing@pexar.com

AI-Powered In-Car Assistants Evolve into Intelligent Digital Companions, Finds Frost & Sullivan

New Frost Radar™ benchmarks nine leading technology providers as generative AI, software-defined vehicles and connected services reshape the automotive experience

LONDON, Oct. 20, 2026 /PRNewswire/ — The global market for AI-powered in-car assistants is entering a new phase of innovation as automakers increasingly adopt generative AI, intelligent voice interfaces and personalised digital experiences to differentiate their connected vehicles.

Frost & Sullivan’s latest Frost Radar™: AI-Powered In-Car Assistants, 2026, benchmarks nine leading technology providers against their growth performance and innovation capabilities, highlighting the competitive dynamics, emerging technologies and growth opportunities shaping the future of intelligent in-vehicle experiences.

Frost & Sullivan estimates that global connected vehicle sales will increase from 68.3 million in 2026 to 84.6 million by 2032, creating significant opportunities for advanced AI assistants capable of managing navigation, vehicle functions, entertainment and connected services through increasingly natural, context-aware interactions.

As software-defined vehicles become more prevalent, AI-powered assistants are evolving beyond basic voice commands into intelligent digital companions capable of anticipating driver needs, delivering personalised recommendations and seamlessly connecting vehicle functions with broader digital ecosystems.

Benchmarking the Competitive Landscape

The Frost Radar™ evaluates nine prominent technology providers shaping the evolution of AI-powered in-car assistants: Cerence AI, Google, Amazon, Apple, SoundHound AI, Microsoft, OpenAI, Perplexity and iNAGO.

The competitive landscape encompasses automotive-focused technology specialists, established consumer technology companies and general-purpose AI providers, each bringing different capabilities and approaches to the market.

While established technology companies benefit from extensive consumer ecosystems and AI development resources, automotive specialists differentiate themselves through deeper vehicle integration, domain-specific expertise and flexible deployment models.

The research highlights the growing importance of generative and agentic AI, multimodal interaction and hybrid edge-cloud architectures in enabling increasingly sophisticated in-car experiences.

New Growth Opportunities in Connected Mobility

As basic voice-control functionality becomes increasingly standard, competitive differentiation is shifting towards proactive assistance, personalised services, seamless integration with vehicle systems and secure management of driver data.

Advances in AI and connectivity are also creating new opportunities for automakers to monetise connected services through premium subscriptions, features on demand and hands-free commerce, including EV charging, parking and other in-vehicle transactions.

“AI-powered assistants are evolving into a central interface for the software-defined vehicle, fundamentally changing how drivers interact with their cars and access connected services,” said Gautham Prakash Hegde, Growth Expert at Frost & Sullivan. “As competition intensifies, the ability to combine advanced AI capabilities with seamless vehicle integration, security and personalised user experiences will become increasingly important in shaping the next generation of connected mobility.”

The study further highlights the importance of collaboration between automakers, technology providers and ecosystem partners in delivering scalable, reliable and secure AI-powered experiences across increasingly complex vehicle platforms.

To explore the full Frost Radar™ analysis, including the benchmarking methodology, company scores, competitive positioning and emerging growth opportunities in the AI-powered in-car assistant market, click here.

About Frost & Sullivan

Frost & Sullivan’s Growth Pipeline Engine, transformational strategies and best-practice models drive the generation, evaluation, and implementation of powerful growth opportunities. Is your company prepared to survive and thrive through the coming transformation? Join the Journey

Editor’s Note

To arrange an interview or for any questions, please contact:

Kristina Menzefricke
Marketing & Communications
Global Customer Experience, Frost & Sullivan
kristina.menzefricke@frost.com

Hantec Trader becomes RZR Funded as firm enters new phase of growth

Proprietary trading firm establishes standalone brand ahead of product and market expansion, with an expanded leadership team. No change to conditions for existing traders.

RZR Funded, the rebrand and next stage of Hantec Trader
RZR Funded, the rebrand and next stage of Hantec Trader

EBENE, Mauritius, Oct. 20, 2026 /PRNewswire/ — The proprietary trading firm previously operating as Hantec Trader has today begun operating under the name RZR Funded, marking the start of a new phase of growth for the business.

The move to RZR Funded establishes a distinct identity for the proprietary trading business as it enters its next chapter, building on an established operating track record while creating greater scope for its future growth.

As part of this next phase, RZR Funded is expanding its leadership team, with additional senior appointments planned to support the company’s growth strategy. The existing management team will remain in place, led by Director Bashaar Gokal, providing continuity while bringing additional experience and resources into the business. The firm is also preparing to broaden its product range and available markets, with the first of several new launches due within weeks.

There is no change to the service existing traders receive. All in-progress challenges and funded accounts continue exactly as they were, with the same logins, balances and progress toward targets. Profit splits, drawdown limits, evaluation targets, trading conditions and payout schedules are unchanged. Traders will also gain access to new products, tools and features as they are introduced.

“This is the start of an exciting new chapter for the business,” said Bashaar Gokal, Director at RZR Funded. “We’ve built a strong track record and an experienced team, and RZR Funded gives us the platform to take the business to the next level. We have ambitious plans for where we want to go from here, and I’m looking forward to sharing more of those plans over the coming months.”

The firm will continue publishing its payout record, including amounts, dates and processing times, as it has done to date.

“Nothing changes for anyone trading with us today, and I want to be completely clear about that,” said Gokal. “Same conditions, same payout terms and the same team looking after you. RZR Funded represents where we want to take the business next, and traders should expect more from us over the coming years, not less.”

Further announcements covering RZR Funded’s expanded product range, leadership team and growth plans are expected shortly.

Cognizant and Google Cloud Expand Alliance to Accelerate Agentic Enterprise Transformation

  • Initiative establishes new Gemini Frontier Capability Group, dedicating more than 18,000 engineers to help drive AI adoption for global enterprises.
  • More than 55,000 associates completed Build with Gemini, the largest Gemini partner workshop held to date, part of a shared commitment to scale client execution through Cognizant’s Frontier Certified Engineers.

TEANECK, N.J. and SUNNYVALE, Calif., Oct. 20, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH) and Google Cloud today announced a significant expansion of their partnership to accelerate the adoption of agentic AI, including a new Gemini Frontier Capability Group. The group brings together a dedicated global workforce that pairs Google’s full-stack, enterprise-ready AI platform with Cognizant’s domain, industry and engineering expertise as an AI Builder.

Backed by more than 18,000 dedicated Cognizant associates, the new group represents a substantial joint investment and builds on the momentum created by Cognizant’s dedicated Gemini practice launched in April 2026. The new group is designed to bridge the path from pilot to production, equipping enterprises with the ability to safely deploy resilient, enterprise-grade agents that can help drive measurable business value.

“Establishing our dedicated Gemini Frontier Capability Group lets our best frontier engineering talent focus entirely on getting frontier AI into production for clients,” said Ravi Kumar S, CEO of Cognizant. “Our Build with Gemini workshop gave over 55,000 associates that experience directly, earning them tangible skills on one of the world’s most advanced AI platforms, and this new group is where that experience goes to work every day.”

“Deploying AI agents at scale requires trusted partners with deep architectural and integration expertise,” said Thomas Kurian, chief executive officer, Google Cloud. “Cognizant’s dedicated Frontier Capability Group and their skilling initiative for tens of thousands of engineers on Gemini will help our joint customers accelerate the adoption of autonomous agents throughout the enterprise.”

Introducing the Gemini Frontier Capability Group

Designed to meet surging enterprise demand for scaled AI execution, the group aims to deliver production-grade, AI solutions designed to drive business outcomes for global enterprises by leveraging Gemini, Google Cloud’s AI platform for building, governing, and deploying agents. The group will initially concentrate its engineering capabilities across legacy modernization, developer experience, autonomous business process agentification and frontier cyber defense.

To operationalize these capabilities, the group plans to deploy standardized, security-first agentic architecture built on the Model Context Protocol (MCP) and fortified by Google Cloud’s Model Armor. These trusted frameworks are expected to power a new suite of collaborative, production-ready enterprise solutions, including Cognizant’s Catalog Support Agent (CSA) for retail, the Neuro® San-orchestrated Healthcare Agentic Marketplace, and multi-agent Order-to-Cash (O2C) workflows for manufacturing.

Scaling outcomes with Frontier Certified Engineers

Underpinning the group is a shared commitment by Google Cloud and Cognizant to scale client execution through Frontier Certified Engineers. One early proof point shows what this looks like in practice: by integrating Gemini AI models across its software development lifecycle, Cognizant helped a leading retailer achieve a 40% increase in developer productivity, reduce time-to-market by 30%, and realize a 35% cost savings, underscoring the transformative potential of AI-driven software engineering.

As part of Cognizant’s frontier certification skills drive, the company recently concluded the Build with Gemini workshop with Google Cloud, where Cognizant associates built AI agents and applications while earning Gemini skills credentials. Completed by more than 55,000 Cognizant associates, it is the largest single Gemini partner workshop held to date, representing a meaningful step in building Cognizant’s frontier-certified workforce.

Cognizant is also applying Gemini internally at scale. As announced in July, the company is deploying Gemini to 100,000 associates this year, with plans to scale up to 200,000, and continues to increase its certification commitment for professionals on the platform.

About Cognizant
Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, bridging the gap between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, drive tangible outcomes and keep global enterprises ahead in a fast-changing world. See how at www.cognizant.ai or @cognizant. 

About Google Cloud
Google Cloud offers a powerful, optimized AI stack — including AI infrastructure, leading models like Gemini, data management capabilities, multicloud security solutions, developer tools and platform, as well as agents and applications — that enables organizations to transform their business for the Agentic Era. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

Cognizant media contacts:

U.S.

Name Ben Gorelick

Email benjamin.gorelick@cognizant.com 

Europe / APAC

Name Sarah Douglas

Email sarah.douglas@cognizant.com 

India

Name Vipin Nair

Email Vipin.nair@cognizant.com 

Google Cloud media contact:

   Josh Gunter

   jmgunter@google.com

Tianneng Unveils Multi-Chemistry Battery Portfolio, Advances Localized New Energy Ecosystem

HUZHOU, China, Oct. 19, 2026 /PRNewswire/ — Tianneng Holding Group unveiled its multi-chemistry battery portfolio at its Global Alliance Partner Conference 2026 in Huzhou, Zhejiang, under the theme “Leading Eco-Benefit,” drawing approximately 300 partners from around the world.

Tianneng Chairman Zhang Tianren spoke at the Global Alliance Partner Conference, emphasizing the company's global footprint and green compliance.
Tianneng Chairman Zhang Tianren spoke at the Global Alliance Partner Conference, emphasizing the company’s global footprint and green compliance.

The portfolio spans four battery technology pathways—lead-acid, lithium-ion, sodium-ion and solid-state—for applications including electric two- and three-wheelers, low-speed vehicles, industrial motive power, and energy storage for homes, AI data centers, commercial and industrial users, and utility-scale projects.

Partners from Algeria, Indonesia, Nigeria, Cambodia and Brazil joined a roundtable on localized production, two-wheeler electrification, energy storage and distributor transformation, agreeing that local roots and ecosystem synergy are crucial.

Mi Yue, Secretary-General of the New Energy Industry Association for Asia and the Pacific, urged innovation, mutual recognition of standards and cross-border supply chain collaboration.

Guo Kuilong, Secretary-General of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), said the chamber will leverage its platform to help new energy firms expand globally and advance industrial chain cooperation for mutually beneficial growth.

“Uncertainty makes anchors of certainty more vital,” said Zhang Tianren, chairman of Tianneng Holding Group. “Tianneng will focus on better batteries and deeper system solutions, advancing R&D, local manufacturing and rooted branding to build a localized, resilient green supply chain with global partners.”

About Tianneng
Founded in 1986, Tianneng Group is a global leader in green energy solutions, driving innovation across e-mobility power, energy storage systems and the circular economy. With 21 smart manufacturing bases, it delivers sustainable value to over 100 countries and regions.

Media Contact:
Tianneng Holding Group
Email: tnin@tianneng.com 

ANTA Group and Tsinghua University Upgrade the Strategic Partnership, Joining Hands to Establish a New Benchmark for University-Industry Collaboration

BEIJING, Oct. 19, 2026 /PRNewswire/ — October 15, a ceremony marking the upgrade of the strategic partnership between ANTA Group and Tsinghua University, along with the signing of a cooperation agreement, was held in Beijing. The two parties announced the further upgrade of the existing “Tsinghua University-ANTA (China) Limited Co., Ltd. Joint Research Center for Sports Fashion” into a joint research institute. They will deepen their strategic cooperation in scientific research and development, design innovation, talent development, and industry leadership, jointly promoting high-quality innovative development in China’s sports industry. At the same time, the award ceremony of the 3rd Global Sportswear Design Award (GSDA), co-founded by ANTA Group and Tsinghua University, was also held. Li Luming, the President of Tsinghua University, and Ding Shizhong, the Board Chairman of ANTA Group, were both present to witness the signing ceremony.

Tsinghua University–ANTA Group Strategic Cooperation Upgrade Launch and Signing Ceremony
Tsinghua University–ANTA Group Strategic Cooperation Upgrade Launch and Signing Ceremony

Since establishing their strategic partnership in 2021, Tsinghua University and ANTA Group have combined their respective industrial and academic strengths to build an integrated innovation system that brings together industry, academia, research and practical application. Together, they have undertaken nearly 40 interdisciplinary research projects focusing on areas of innovation such as functional design, sports science and high-performance materials. These achievements have provided important support and fresh perspectives for ANTA’s product innovation and design.

Over the next five years, Tsinghua University and ANTA Group will continue to deepen their cooperation, with the Joint Research Institute for Sports Fashion serving as the core platform, through the two-way integration of academic leadership and practical industrial application.

In scientific research and development, the two parties will continue to pursue breakthroughs in forward-looking fields such as high-performance materials and AI applications. In design innovation, they will integrate Tsinghua University’s design expertise and the global innovation resources brought together through the GSDA into ANTA’s products, delivering better experiences for athletes and consumers. In talent development, they will cultivate innovative professionals with interdisciplinary capabilities and international perspectives for the industry. In industry leadership, they will deepen research into emerging trends, strengthen the industry’s voice and leadership in shaping future trends, and build new momentum for the upgrading of China’s sporting goods industry.

Li Luming, the President of Tsinghua University, stated: “Tsinghua University has a longstanding sporting tradition and has always regarded sports as an important part of talent development. Looking ahead, the university will fully leverage its multidisciplinary strengths and take this signing as an opportunity to further deepen cooperation with ANTA in collaborative innovation research, product design and development, and sports talent cultivation. Through more tangible achievements, we aim to help enhance the global influence of China’s sports industry and work together to make greater contributions to building China into a leading sporting nation and advancing the Healthy China initiative.”

Ding Shizhong, the Board Chairman of ANTA Group, stated: “As a representative Chinese sports brand, ANTA has always regarded innovation as the foundation of its corporate development. ANTA looks forward to working with Tsinghua University to leverage the combined strengths of industry, academia and research to drive innovation and upgrading in China’s sports industry, contribute to building China into a leading nation in sports and innovation, broaden the industry’s global perspective, and help Chinese sports reach the world.”

In addition, the two parties announced the formal signing of the “ANTA Supports Tsinghua University’s Sports Education” initiative at the event. By providing professional sports equipment to Tsinghua University students, the initiative aims to encourage more young people to adopt active and healthy lifestyles and carry forward the spirit of “Keep Moving” among the younger generation. Hu Kai, Director of the Division of Sport Science and Physical Education at Tsinghua University, Xie Chunlong, Vice President of Sports Marketing at ANTA Group, and Chinese swimmers Tang Qianting and Yu Zidi were present to witness this important moment.

As an important initiative reflecting the deep collaboration between ANTA Group and Tsinghua University across industry, academia, research and application, the 3rd Global Sportswear Design Award (GSDA) also came to a close. Wang Xuejun and Wang Muyi won the Gold Award in the footwear category for their work “ANTA RFS Running Shoes,” while Lucas Miller and Rain Muller received the Gold Award in the apparel category for their design “skin2.”

Since its inception, the GSDA has seen steady growth in global participation and influence. It has attracted more than 7,000 creators from 57 countries and regions, representing 489 domestic institutions and 168 international institutions. A total of 120 works have received awards. In the new phase, the Global Sportswear Design Award will continue to leverage the collaborative strengths of ANTA Group and Tsinghua University and bring together global innovation resources to provide new momentum for industry development.

ANTA has always adhered to the principle that “Innovation is the foundation of a company’s survival.” Over the past decade, the Group has invested a cumulative RMB 20 billion in innovation-related initiatives and expects to invest an additional RMB 20 billion in independent innovation and research and development over the next five years. With this further upgrade of their strategic partnership, ANTA Group will continue to work with Tsinghua University to achieve further breakthroughs in scientific research and innovation, global cooperation and industry trend research, leveraging independent innovation capabilities to promote high-quality innovative development in China’s sporting goods industry.

Tesson Holdings (1201.HK) Introduces Strategic Shareholder and Joins Hands with Times Huazhi (时代华智) to Build an Innovative Ecosystem for “Solar-Storage-Charging-Inspection and Intelligent Zero-Carbon”

Industry Giants Gather in Ningde to Jointly Accelerate the Layout of the “Tesson Smart Power” Ecosystem


HONG KONG SAR – Media OutReach Newswire – 19 October 2026 – Tesson Holdings Limited (Stock Code: 01201.HK, hereinafter referred to as “Tesson Holdings”), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, today issued an official announcement stating that its direct wholly-owned subsidiary has entered into an agreement with CCPOM Limited to acquire 100% equity interest in Contemporary Huazhi New Energy Technology Hong Kong Limited (hereinafter referred to as “Contemporary Huazhi (Hong Kong)”) for RMB 98.4 million, with a simultaneous capital injection of RMB 21.6 million (representing a total consideration of RMB 120 million).

On the same day, the “Solar-Storage-Charging-Inspection & Intelligent Zero-Carbon” Innovation Seminar and Strategic Signing Ceremony, co-hosted by Times Huazhi (时代华智) and Tesson Holdings, was grandly held at Fujian Jixin Solar-Storage-Charging-Inspection Technology Co., Ltd. (福建集新光储充检技术有限公司) in Overseas Chinese Building, Ningde, Fujian (福建宁德华侨大厦). At the seminar, Mr. Huang Shilin, Co-founder of Contemporary Amperex Technology Co., Limited (hereinafter referred to as “CATL”) and Chairman of Fujian Jixin Solar-Storage-Charging-Inspection Technology Co., Ltd. (福建集新光储充检技术有限公司) delivered a keynote speech. He conducted an in-depth analysis of the industry trends regarding the integrated development of new energy and intelligent charging/inspection, which drew enthusiastic responses from the attendees.

The signing ceremony brought together many distinguished guests. Under the joint witness of officiating guests including Mr. Huang Shilin, Professor Yu Changyuan from The Hong Kong Polytechnic University, and Mr. Wei Qingwen, representative of the major shareholder of Tesson Holdings, Tesson Holdings and Times Huazhi (时代华智) officially completed the agreement signing. At the same time, Tesson Holdings joined forces with Times Huazhi (时代华智), Inspur Group, EV Power, Wanji International (万吉国际), and several other industry-leading enterprises as well as top research institutions to sign multiple Memoranda of Understanding (MOUs) for strategic cooperation. This marks a breakthrough achievement for Tesson Holdings in platform-based operations of smart power and new energy infrastructure layout since the launch of its new brand “Tesson Smart Power” in August this year.

Dual Strategy of Acquisition and Capital Injection: Anchoring the Innovative Track of “Solar-Storage-Charging-Inspection and Intelligent Zero-Carbon”

According to the announcement, RMB 38.4 million of the total consideration for this transaction will be paid in cash. The remaining acquisition consideration of RMB 60.0 million will be satisfied and completed by issuing consideration shares at HK$2.00 per share, while the simultaneous capital injection of RMB 21.6 million will be paid and completed as consideration for the subscription shares.

As a pioneer enterprise in the field of intelligent zero-carbon park operations for solar-storage-charging-inspection systems, Times Huazhi (时代华智) has successfully deployed multiple solar-storage-charging-inspection and zero-carbon park projects in core cities such as Shanghai and Fuzhou. Upon completion of this acquisition and capital injection, Tesson Holdings will directly incorporate high-quality new energy infrastructure assets, further enhancing the company’s operational capabilities and asset scale in high-power fast charging, energy storage, and zero-carbon microgrids.

Signing of Three Major MOUs: Building a Closed-Loop Chain of “Computing-Power Synergy + Energy-Carbon + Industry-Academia-Research”

At the signing ceremony held on the same day, Tesson Holdings and Times Huazhi (时代华智), together with several industrial partners, reached four deep strategic collaborations:

  • 1. Computing-Power Synergy and Joint Innovation (AIDC): Partnered with Inspur Group and Micro-Gathering Power Sale (微聚售电) to jointly explore the integration model of AI Data Center infrastructure (AIDC) with new power sales and Virtual Power Plants (VPP).
  • 2. Hong Kong Layout and Collaborative Innovation for Solar-Storage-Charging-Inspection: Partnered with EV Power, a leading EV charging operator in Hong Kong, and Wanji International (万吉国际), a green logistics operator, while introducing the 5D Power team from The University of Hong Kong and the HYBAY team from The Hong Kong University of Science and Technology, to jointly create demonstration projects for solar-storage-charging-inspection and green logistics in Hong Kong.
  • 3. Joint Construction of International Innovation Design Center (Hong Kong & Fujian): Partnered with Fuzhou University Design & Research Institute (福州大学设计研究院), Gesuo Technology (格索科技), and Anlaseo (a spin-off enterprise from The Hong Kong Polytechnic University) to promote the engineering applications of achievements such as smart energy replenishment stations for solar-storage-charging-inspection.

Energy-Carbon Asset Securitization Strategic Upgrading: Continuously Advancing Intelligent Zero-Carbon Transformation

Tesson Holdings and Times Huazhi (时代华智) deepened their cooperation by leveraging the advantages of the global industrial chain ecosystem resources of CATL to jointly explore the strategic collaborations implementation and innovative industrial upgrading of securitization for energy-carbon assets in new power track of solar-storage-charging-inspection.

Management of Tesson Holdings stated that the completion of this acquisition and multi-party strategic cooperation marks a crucial step for the company toward becoming an “Innovative Operator in Smart Power and Energy-Carbon”. Looking ahead, Tesson Holdings will rely on its development roadmap of “Battery Manufacturing — Zero-Carbon Microgrid & Energy Storage Operations — AI Power Trading & Energy-Carbon Asset Platform”, and fully utilize the strong support and resource empowerment from strategic shareholder Mr. Huang Shilin, Co-founder of CATL. The company will continue to deepen its green energy network layout in the Greater Bay Area and core cities, creating long-term value for urban low-carbon transformation.

Hashtag: #TessonHoldings

The issuer is solely responsible for the content of this announcement.

About Tesson Holdings Limited (1201.HK)

Tesson Holdings Limited (Stock Code: 01201.HK) is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, focusing on (among other things) the deep integration of the new energy industry chain. Its strategic positioning includes being an innovative operator in smart power and energy-carbon. Centering on “Smart Power Source + Smart Electricity”, the company comprehensively expands into energy storage, solar-storage-charging-inspection, zero-carbon microgrids, AI energy management, and energy-carbon asset operations, striving to connect global high-quality industrial and capital resources to empower the high-quality development of the new energy ecosystem.