Broadening Horizons and Inspiring Innovation Embracing Young Talent’s Fresh Perspectives for Hong Kong
HONG KONG SAR – Media OutReach Newswire – 18 April 2024 –Organised by Hong Kong Design Centre (HKDC) since 2005 and supported by Create Hong Kong of the Government of the Hong Kong Special Administrative Region (HKSAR) as the Lead Sponsor, Hong Kong Design Institute and the School of Design of The Hong Kong Polytechnic University as Sponsors, the ‘DFA Hong Kong Young Design Talent Award’ (DFA HKYDTA) which has been supporting the growth of Hong Kong young designers, and hence facilitating the development of the design industry in Hong Kong, is now open for 2024 edition’s applications until 26 June 2024
Left: Willy Lam (Awardee 2020) Studied at Architectural Association School of Architecture, UK Right: Melody Siu (Awardee 2021) Worked at IF_DO, UK & MLA+, the Netherlands
Over the course of more than a decade, the DFA HKYDTA has acknowledged and honoured over 220 exceptional young designers from Hong Kong, recognising their remarkable design talents. Under the programme, the awardees will receive a sponsorship of up to HK$500,000, enabling them to embark on an enriching international journey. Through the programme, awardees will have the opportunity to expand their horizons by either undertaking 6 to 12 months of work experience in renowned design companies or pursuing further academic studies for 6 to 18 months at renowned institutions in related fields outside Hong Kong.
‘Design has the power to shape our world and inspire positive change. In our unwavering dedication to nurture and empower the next generation of design leaders, the “DFA HKYDTA” proudly honours the innovative spirit of emerging design talent from Hong Kong. Through the award, we showcase Hong Kong’s commitment to fostering design excellence. It serves as a dynamic platform for young designers to push boundaries and expand their global reach. We are confident that their fresh perspectives and unique ideas will elevate the Hong Kong design industry to unprecedented heights, solidifying Hong Kong’s position as a thriving hub for creative innovation,’ said Prof. Eric Yim, Chairman of HKDC.
Online Application Details
Application period:
18 April 2024 (9:00 am) – 26 June 2024 (5:00 pm) (Hong Kong time)
Application Requirements Hong Kong permanent residents aged 18 to 35, who are (1) designers with relevant working experience; or (2) 2024 design graduates with Higher Diplomas, Associate Degrees, Bachelor’s or Master’s Degrees from accredited local educational institutions; or (3) 2024 design graduates with Master’s Degrees obtained from accredited educational institutions outside Hong Kong, and Bachelor’s Degrees completed locally under accredited local educational institutions. Every applicant needs to be nominated by a design-related organisation or professional.
Judging Criteria A judging panel comprised of locally and internationally recognised professional designers and experts will assess the candidates based on their (1) potential contributions to the design and innovation development in Hong Kong; (2) personal aspirations, talents and achievements in specific fields with potential for continuous development; (3) effectiveness of communication and presentation skills; (4) portfolio of design works; and (5) proposals of working or studying outside Hong Kong.
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The issuer is solely responsible for the content of this announcement.
About ‘DFA Hong Kong Young Design Talent Award’ (ydta.dfaawards.com)
Established in 2005, the DFA Hong Kong Young Design Talent Award’, one of the programmes of ‘DFA Awards’ organised by Hong Kong Design Centre, aims to support and nurture Hong Kong’s up-and-coming designers and design graduates aged 18 to 35. Awardees may receive sponsorship to work in renowned design companies or study in institutes outside Hong Kong to unleash their potential and contribute to Hong Kong’s design and creative industries upon their return.
About Hong Kong Design Centre (www.hkdesigncentre.org)
Hong Kong Design Centre is a strategic partner of the HKSAR Government in leveraging the city’s East-meets-West advantage to create value from design.
To achieve our goals we:
Cultivate a design culture
Bridge stakeholders to opportunities that unleash the value of design
Promote excellence in various design disciplines
About Create Hong Kong (www.createhk.gov.hk)
Create Hong Kong (CreateHK) is a dedicated office set up by the HKSAR Government in June 2009 to spearhead the development of creative industries in Hong Kong. From 1 July 2022 onwards, it is under the Culture, Sports and Tourism Bureau. Its strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and cross-genre collaboration, and promoting Hong Kong as Asia’s creative capital and fostering a creative atmosphere in the community. CreateHK sponsors Hong Kong Design Centre to organise ‘DFA Awards’ and other project, to promote Hong Kong design.
Disclaimer: Create Hong Kong of the Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, Create Hong Kong, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.
Powerledger partners with Greek energy and metals company, MYTILINEOS (through Protergia), to introduce, for the first time, one of its kind energy provenance tracking and tracing solutions in Greece.
With Powerledger’s technology, MYTILINEOS can get a one-stop view of their and Protergia’s clients’ entire energy portfolio, including PPAs, onsite generation, and GOs, offering an efficient way of meeting energy targets at the lowest cost.
Protergia’s consumers can easily trace and visualise where their energy comes from in near real-time and track their carbon footprint granularly every 5-15 minutes.
Zug, Switzerland–(Newsfile Corp. – April 17, 2024) – Powerledger in partnership with MYTILINEOS Energy & Metals (RIC: MYTr.AT) (ATH: MYTIL) (OTC Pink: MYTHY) (MYTILINEOS) through Protergia, introduces energy provenance tracking and tracing solutions in Greece.
With the Powerledger platform, MYTILINEOS’ and Protergia’s consumers can now track, trace and visualise where their energy comes from in near real-time and track their carbon footprint granularly. Simultaneously, MYTILINEOS’ and Protergia’s consumers can take action on their energy consumption, shifting it to a time with a greener energy supply or investing in storage solutions. Powerledger’s platform can also help them make smarter procurement decisions, such as when and with whom it would make sense to sign Power Purchase Agreements (PPAs) that contribute to a more hybrid energy portfolio, adapting better to their energy needs. As part of the partnership, the two companies are also delivering smart solutions like green energy tracking and price discovery for EV charging points.
Powerledger – MYTILINEOS partnership boasts several key features as following:
It allows consumers to trace, visualise near real-time energy using blockchain and AI.
It provides MYTILINEOS to gain a deeper insight into customer behaviour, preferences, and energy demand patterns and generates a “carbon free energy score” to understand what percentage of the meter energy consumption has been matched with carbon free energy generation.
It offers MYTILINEOS visibility over their entire energy portfolio, including PPAs, onsite generation, and Guarantees of Origins (GOs).
It enables ‘time’ and ‘location’ record stamping of energy generation and consumption, allowing for a seamless transition to a 24/7 renewable energy system.
Powerledger‘s public blockchain boasts high scalability, extremely low transaction costs, and energy efficiency to handle tens of thousands of transactions.
“The Powerledger blockchain meticulously tracks and traces the supplied energy from its generation source to its point of consumption, from smart meter data. It ensures a secure and cost-efficient digital record of every supplied kilowatt-hour (kWh), delivering unparalleled transparency and accountability throughout the energy supply chain,” says Dr. Jemma Green, CEO & Co-founder of Powerledger.
About Powerledger: Powerledger is a software company that uses blockchain, AI and Web3 to solve pressing energy challenges and enabling customers to access and trade cheaper, cleaner electricity. Powerledger’s software and features work alongside the existing infrastructure of energy systems, enabling greater control and ownership for consumers and producers alike.
Power utilities, governments, and large corporations use Powerledger’s solutions to be at the forefront of energy transition by tracking, tracing, and trading every kilowatt hour of energy. Headquartered in Zug, Powerledger is recognised as one of the top 50 companies in Crypto Valley, Switzerland.
About MYTILINEOS: Founded in Greece in 1990, MYTILINEOS is an industrial and energy multinational company, listed on the Athens Stock Exchange, with a consolidated turnover and EBITDA of €5.5 billion and €1.0 billion respectively. The Company is focused on sustainability, it has set itself the goal of reducing carbon dioxide emissions by at least 30% by 2030 and achieving a neutral footprint in its total business activity by 2050, based on ESG performance indicators for Environment, Society and the Governance.
MYTILINEOS, through Protergia, is active in the supply of electricity and natural gas, offering modern and reliable services and combined electricity and natural gas products, with more than 500,000 supplies throughout the country.
The sophisticated way Protergia offers its products shows the future of energy and opens a new path with new possibilities for thousands of homes and businesses.
HONG KONG SAR & MACAU SAR – Media OutReach Newswire – 18 April 2024 –As Hong Kong’s biggest coffee network, 7-Eleven’s own brand 7CAFÉ has always been committed to providing convenient, great-value, freshly ground coffee on the go. But there’s more in each cup than just a great taste and high quality. Committed to sustainability, 7CAFÉ has been running the “Good Coffee. Now Greener” initiative since 2022. 7CAFÉ uses 100% Rainforest Alliance certified Arabica beans and paper cups and lids made from more environmentally friendly materials, to craft an eco-friendlier cup of coffee. Moreover, 7CAFÉ champions a bring-your-own-cup initiative, inviting customers to join in on the collective effort to protect our environment.
This April, 7CAFÉ stirred up excitement with its “Coffee that Cares” campaign, launched in celebration of Earth Day on 22 April. The spotlight is on their new, limited-edition offerings: Pistachio Flavoured Cereal Oat Milk Coffee and Pistachio Flavoured Cereal Oat Milk. 7CAFÉ uses the Swedish brand OATLY oat milk, the production of which emits fewer greenhouse gases compared to conventional dairy milk, serving up sustainability with every sip. The limited-edition Pistachio Flavoured Cereal Oat Milk Coffee is a treat for the senses, enriched with pistachio syrup that marries a rich, nutty aroma with the creamy sweetness of oat milk, creating a taste sensation that’s a must-try for pistachio fans! For those who aren’t big on caffeine but love the flavour, the Pistachio Flavoured Cereal Oat Milk offers a delightful alternative.
7CAFÉ is also offering a special three-day promotion, from Earth Day on 22 April until 24 April. During this period, customers who visit any 7CAFÉ or 7CAFÉ+ and purchase Pistachio Flavoured Cereal Oat Milk Coffee or Pistachio Flavoured Cereal Oat Milk will enjoy a buy-one-get-one-free deal. This promotion allows everyone to enjoy the rich taste of OATLY oat milk combined with high-quality, freshly ground coffee made from 100% Rainforest Alliance certified Arabica beans. It’s an opportunity not to be missed by coffee lovers who are passionate about the planet! To support Earth Day, from 22 April to 7 May, 7CAFÉ is offering a buy-one-get-one-free promotion for customers who bring their own cups and purchase any 7CAFÉ drink^. This initiative is part of a broader effort to promote an eco-friendlier lifestyle, encouraging you to sip sustainably with your friends and loved ones. Keep an eye out for further “Coffee that Cares” promotional activities from 7CAFÉ. For additional information, make sure to watch for official announcements from 7-Eleven. Join us in making a positive impact—one cup at a time!
The limited-edition Pistachio Flavoured Cereal Oat Milk Coffee from 7CAFÉ features a delightful base of OATLY oat milk, enriched with a medley of grains such as brown rice and sweet corn. This combination not only boosts the drink with essential plant-based nutrients and dietary fibre but also enhances the coffee’s consistency, making it smoother and richer. A splash of pistachio syrup adds a nutty fragrance and a subtle sweetness from the oat milk, rounding out a flavour profile that’s deeply satisfying and distinctly nutty. For those who relish a nutty flavour, this concoction is an absolute must-try!
The Pistachio Flavoured Cereal Oat Milk (available iced only) also starts with a base of OATLY oat milk, to which a variety of grains are added, enriching the drink with an abundance of plant-based nutrients and dietary fibre. This blend achieves a smoothly creamy texture that’s both refreshing and satisfying. Infused with pistachio syrup, the oat milk transforms into a richly flavoured pistachio delight that’s perfect for those who may not be coffee aficionados but still crave a tasty treat. It’s an ideal choice for a cool, refreshing sip at 7CAFÉ this spring and summer—don’t miss out on this limited-time offering!
*The promotion is valid from 22 April (7am) to 24 April 2024. During this period, customers can enjoy a buy-one-get-one-free offer on all 7CAFÉ oat milk products, including the oat milk series coffees at 7CAFÉ+. This offer applies to both hot and iced drinks (note: Original and Pistachio Flavoured Cereal Oat Milk are available as iced drinks only). The promotion is valid at participating 7-Eleven stores that carry oat milk products and excludes certain locations in Hong Kong and Macau (including but not limited to Repulse Bay, Hong Kong International Airport, Chek Lap Kok Air Cargo Terminal, AsiaWorld-Expo, Discovery Bay, Disney Administrative Building Hong Kong Disneyland Food Kiosks, Peak Tower, Ngong Ping Market, Departures Level Store at Macau International Airport, and 7CAFÉ+ outlets at Carnarvon Plaza in Tsim Sha Tsui and Sai Yeung Choi Street South in Mong Kok). Some 7CAFÉ outlets do not offer the option of hot fresh milk or iced drinks, and some products are only available at designated stores. Limited availability, while stocks last. In case of disputes, prices at individual stores prevail. Product images are for reference only. In case of any dispute, 7-Eleven shall have the right of final decision. ^The promotion runs from 22 April (7am) to 7 May 2024. During this period, customers who bring their own cups to purchase any 7CAFÉ drink can enjoy a buy-one-get-one-free offer, available for hot drinks ($16) or iced drinks ($18), excluding expresso shots or co-branded crossover products. Both drinks must be served in the customer’s own cups to qualify for the promotion. This offer applies only to items of the same price and cannot be combined with other promotions. The promotion is valid at participating 7-Eleven stores that carry oat milk products and excludes certain locations in Hong Kong and Macau (including but not limited to Repulse Bay, Hong Kong International Airport, Chek Lap Kok Air Cargo Terminal, AsiaWorld-Expo, Discovery Bay, Disney Administrative Building Hong Kong Disneyland Food Kiosks, Peak Tower, Ngong Ping Market, Departures Level Store at Macau International Airport, and 7CAFÉ+ outlets at Carnarvon Plaza in Tsim Sha Tsui and Sai Yeung Choi Street South in Mong Kok). Some products are only available at designated stores. Limited availability, while stocks last. In case of disputes, prices at individual stores prevail. Product images are for reference only. In case of any dispute, 7-Eleven shall have the right of final decision. Hashtag: #7ElevenHK #7CAFÉ #EarthDay #CoffeethatCares #PistachioFlavouredCerealOatMilkCoffee #OATLY
The issuer is solely responsible for the content of this announcement.
About 7CAFÉ
7CAFÉ is one of 7-Eleven’s own brands. Available at over 700 stores, 7CAFÉ enables customers to enjoy freshly brewed coffee on the go that is quick, convenient, good quality and affordable. Its unique blend comprises of premium 100% Arabica coffee beans sourced from Bali and Sumatra in Indonesia, Brazil, and Honduras. The beans are freshly roasted locally in Hong Kong to preserve their characteristic flavour. The select blend with its sweet, slightly nutty aroma is specially made for and totally exclusive to 7-Eleven.
Introduction of Strategic Shareholder Enhances Nantong Jianghai’s Growth Prospect
HONG KONG SAR – Media OutReach Newswire – 17 April 2024 – Yeebo (International Holdings) Limited (“Yeebo” or the “Company”, stock code: 259, which together with its subsidiaries is referred to as the “Group”) has held a special general meeting (“SGM”) to pass resolution for the very substantial disposal of certain shares in Nantong Jianghai (stock code: 002484.SZ). The resolution was passed by 100% votes. Billion Power Investment Limited, a wholly-owned subsidiary of Yeebo, entered into an agreement to sell 170,130,000 shares in Nantong Jianghai to Zhejiang Construction Investment Group Limited (“Zhejiang Construction Investment Group”).
Mr. Douglas Fang, Chairman of Yeebo, said, “We are pleased to have gained the support from shareholders to pass the resolution on the disposal of the shares. As a strategic shareholder of Nantong Jianghai for 19 years, we believe that this is a good and appropriate time for Yeebo to bring on a state-owned strategic shareholder. Such addition to its shareholding structure will uniquely position Nantong Jianghai, offering it the opportunity in combining the best of both the private sector and state-owned enterprises. The transaction will further amplify Nantong Jianghai’s growth and development prospect – leveraging on the prospective strategic shareholder’s distinctive and competitive advantages, integrating complementary synergies between the two companies, as well as tapping into new market opportunities through vertical expansions.”
Nantong Jianghai has long ranked among the best in China’s capacitor industry. It commands considerable lead over its peers, especially in the industrial segment. Such change in the shareholding structure will open Nantong Jianghai up to the vast resources and opportunities, that are typically exclusive to the state-owned enterprises.
Zhejiang Construction Investment Group is a wholly owned subsidiary of Zhejiang Communications Investment Group Co., Ltd. (“Zhejiang Communications Investment Group”). Zhejiang Communications Investment Group is backed by the Zhejiang Provincial Government and belongs to the State-owned Assets Supervision and Administration Commission of Zhejiang Province. Zhejiang Communications Investment Group is one of the two major investment platforms of the Zhejiang Province. As at the end of 2023, Zhejiang Communications Investment Group had total assets of RMB931.3 billion and recorded revenue of RMB328.8 billion. It was ranked 310th among Fortune Global 500 in 2023.
Upon the completion of the transaction, Yeebo will retain an 8.81% stake in Nantong Jianghai. Yeebo will stay on as a strategic shareholder, and remains confident on the robust growth prospect of Nantong Jianghai. Moreover, the proceeds generated from the sale of shares in this transaction will not only enhance Yeebo’s financial strength but also serve as a catalyst for further business expansion and development.
Hashtag: #Yeebo
The issuer is solely responsible for the content of this announcement.
About Yeebo (International Holdings) Limited
Founded in 1988, Yeebo (International Holdings) Limited is a diversified electronic component company, with a wide range of business interests in flat panel display, OLED and capacitor. Headquartered in Hong Kong, the manufacturing activities largely reside in Guangdong and Jiangsu provinces. With a global sales footprint, Yeebo is able to serve its global customers on a local basis.
SAGUENAY, QUEBEC – Newsfile Corp. – 17 April 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce the appointment of Gary Stanley to the advisory board of the Company.
Gary Stanley has more than 40 years experience with the U.S. Department of Commerce (“DOC”) in Washington, DC. Mr Stanley has served under every U.S. President from Ronald Reagan to Joe Biden. During his tenure, Mr. Stanley worked with both public and private sector stakeholders to strengthen American supply chains and to enhance U.S. global competitiveness in critical minerals, metals, chemicals, and other materials industries.
Mr. Stanley was lead author of the 2019 US Federal Critical Minerals Strategy which became the foundation for the U.S. Government’s critical mineral supply chain prerogatives. This initiative also led to the creation of the 2019 USA-Canada Critical Minerals Working Group which has contributed to the advancement of many critical minerals projects involving American and Canadian companies.
“Mr. Stanley shares our vision of deep commitment to a North American battery supply chain and has many years of experience in multilateral cooperation in crucial minerals and battery supply chains,” said John Passalacqua, CEO of First Phosphate. “Gary brings a wealth of knowledge and insights and an extensive global network of government, industry, and trade expertise to our team.”
“It is a privilege to share in First Phosphate’s commitment to the development of a critical piece of the North American lithium iron phosphate (“LFP”) battery supply chain,” said Mr. Stanley. “Together, Canada and the United States can achieve success in the globally-competitive battery and long-term energy storage sectors. This can be accomplished through respect for environmental standards and with benefit to rural and indigenous communities.”
The Company has granted Mr. Stanley 250,000 incentive stock options with each option exercisable for one common share of the Company at a price or $0.40 per share until April 16, 2027. The options vest in 4 tranches (25% on each of September 30, 2024; March 31, 2025, September 20, 2025 and March 31, 2026). The Options are subject to the terms of the Company’s Omnibus Equity Incentive Plan as approved by disinterested shareholders at the Company’s annual and special meeting of shareholders held on August 25, 2023. All securities issued are subject to a hold period of four months plus one day from the date of issuance.
About First Phosphate Corp.
First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.
Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward-looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains.
These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.
There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.
These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 which is available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
The issuer is solely responsible for the content of this announcement.
SINGAPORE – Media OutReach Newswire – 17 April 2024 – The Alliance to End Plastic Waste has published the first two in a series of ‘Solution Model’ playbooks, to improve the understanding of the many stakeholders across the plastic value chain about what is possible and what else is needed to drive systems change to end plastic waste in the environment and develop a circular economy for plastics.
National and regional governments, companies, and communities across the world face the issue of plastic pollution, for which there is no one-size-fits-all solution. The Alliance initiated the concept of Solution Models as an important component of its mission. Specifically, this involves the development, de-risking, and demonstration of solutions to address different sources of plastic waste in different situations. All of this aligns with the Alliance’s key goals to reduce unmanaged waste, capture value from waste, create social benefit, and mitigate climate impact.
Each solution is tested through Alliance projects. As the projects and solutions mature, the Alliance combines these findings with existing industry experience to develop Solution Models, which the Alliance hopes will further improve replication and scaling in collaboration with partners. It has worked in collaboration with Boston Consulting Group (BCG) to create playbooks to support this. The first two playbooks are about Engaging Households in Segregated Municipal Waste Collection and Unlocking Value Through Basic Manual Sorting of Municipal Waste.
The first addresses household waste segregation which can significantly improve the volume and quality of material collected for recycling, while reducing sorting costs and decreasing landfill disposal. The playbook maps the steps Alliance project partners have taken to encourage households to separate the waste ‘at source’, in projects implemented in Argentina, China, India, and Indonesia.
The second playbook highlights the improved value recovery of plastic waste for recycling, including the use of simple and low-cost equipment to improve the ergonomics and speed of basic manual sorting. The Solution Model expressed in this playbook is particularly relevant to countries which have limited collection and treatment infrastructure, or those with early-stage recycling systems. Alliance projects that underpin this Solution Model can be found in Brazil, China, Indonesia, and Kenya.
In essence, the playbooks describe the challenges presented by the activities of each solution, how they were addressed in the projects, the lessons the Alliance has learnt, and its successes. They also record the enabling conditions necessary to implement the solutions, from policy levers to ecosystem conditions, business models, and innovation. The Alliance and BCG will continue to collaborate and, where applicable, update these playbooks as the solutions are strengthened.
The Alliance hopes that the playbooks will encourage other organisations to scale and replicate these solutions, taking on the lessons the Alliance has learnt and the identified critical success factors. This will enable acceleration of the common interest to prevent plastic waste from entering the environment.
Jacob Duer, President and CEO at the Alliance, said, “There is a need for solutions that are environmentally beneficial, socially responsible, and economically viable; and therefore, replicable and scalable if we are to advance the transition into a circular economy for plastics.”
“The plastic waste challenge is complex and requires a systems evolution from the current take-make-dispose model to a circular one that encourages reuse and recycle, alongside a range of other solutions required to address plastic pollution. To encourage this, we need investments and solutions that improve waste management, support behaviour change, and promote innovation.”
“We have not wavered in our aspiration to drive the systems change necessary to achieve full plastics circularity. This is a journey no organisation can approach alone, nor is there a silver bullet. We are calling for like-minded partners from across the public and private spheres to collaborate with us in furthering the development, strengthening, and implementation of current and future Solution Models.”
Marc Schmidt, Managing Director and Partner at BCG, Singapore, said, “The leakage of plastic waste into the environment is a critical issue that urgently needs tackling by working together with a wide range of stakeholders. We understand this is a big challenge.”
“We believe in creating practical, instructional solutions that can be easily implemented locally, tailored to the specific needs and context of a community dealing with plastic or waste issues. By scaling and replicating these solutions, we increase their impact significantly. We encourage local project developers to use these playbooks as a foundation and further develop and implement them.”
An in-depth introduction to the concept of Solution Models accompanied by a framework for documenting solutions can be found in a whitepaper published alongside the first two playbooks. Additional Solution Model playbooks are scheduled for release later in the year.
Hashtag: #AlliancetoEndPlasticWaste
The issuer is solely responsible for the content of this announcement.
About the Alliance to End Plastic Waste
The Alliance to End Plastic Waste is a global non-profit organisation with the mission to end plastic waste in the environment and to advance a circular economy for plastics.
The Alliance convenes more than 70 companies across the plastic value chain with local communities, civil society groups, intergovernmental organisations, and governments. The collective know-how, experience and resources of this global network enable the current portfolio of more than 50 projects.
Together, we work towards economically viable, environmentally beneficial, and socially responsible solutions. Find out more: endplasticwaste.org.
About Boston Consulting Group
Boston Consulting Group (BCG) partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders – empowering organisations to grow, build sustainable competitive advantage, and drive positive societal impact.
Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organisation, fuelled by the goal of helping our clients thrive and enabling them to make the world a better place.
SINGAPORE – Media OutReach Newswire – 17 April 2024 –VinFast Auto Ltd. (“VinFast” or the “Company”) (Nasdaq: VFS), a subsidiary of Vingroup JSC, today announced its unaudited financial results for the first quarter ended March 31, 2024.
First quarter revenue rose 269.7% year-over-year (YoY) to $302.6 million.
Deliveries rose 444% YoY to nearly 9,700 vehicles.
Launching in new key markets in Southeast Asia, including Indonesia and Thailand, entering the Middle East & Africa, starting construction of a manufacturing facility in India, and growing sales network worldwide.
Reaffirmation of the 100,000 vehicle deliveries target in 2024.
VinFast VF 8 model
Madam Thuy Le, Chairwoman of the Board of Directors, said: “While VinFast acknowledges ongoing global economic and geopolitical uncertainties, we view them as temporary hurdles. With our diverse product range, fast-growing global sales network, outstanding after-sales policy, and our groundbreaking battery subscription policy, VinFast has outlined a clear roadmap for the rest of the year and remains committed to our target of delivering 100,000 electric vehicles in 2024.”
Ms Anh Nguyen, VinFast Chief Financial Officer, added: “We remain steadfastly committed to driving continuous improvements across our business. Our focus on materials optimization, scale advantages, and disciplined cost management will be key to delivering sustained value for our shareholders.”
Deliveries and Revenues Soar in the First Quarter Compared to the Same Period in 2023
VinFast delivered a total of 9,689 vehicles in the first quarter of 2024, marking an increase of 444% year-over-year (YoY).
Total revenues were US$302.6 million, representing an increase of 269.7% from the first quarter of 2023. This growth was driven by successful new campaigns like the expansion of VinFast’s dealership network and customer interest in new electric car models.
Gross loss in the first quarter of 2024 was US$150.8 million, while gross margin improved from negative (172.9%) in the first quarter of 2023 to negative (49.8%) in the first quarter of 2024.
VinFast is Building Strong Foundations to Support H2 Growth
In the first quarter of 2024, VinFast continued to closely follow its global growth roadmap by launching its brand in Thailand and Indonesia, establishing a presence in the Middle East, beginning construction of its manufacturing facility in India, and ramping up its sales network globally.
While domestic sales still drove most of the revenues this quarter, VinFast recorded encouraging growth in the U.S. market, with several new dealers reporting sales figures.
In the first quarter of 2024, VinFast has also secured partnerships with 10 new dealers, bringing its total U.S. network to 16 dealers across 7 states, including North Carolina, New York, Texas, Florida, Kansas, Connecticut, and Kentucky. These newly signed dealerships will begin operations in the second quarter.
Beyond current markets, VinFast is also ramping up its presence and sales efforts in markets across Southeast Asia. At the 2024 Bangkok International Motor Show, the Company officially launched its brand in Thailand and signed Letters of Intent with 15 dealers, with a target of operating 22 stores in Bangkok.
In Indonesia, VinFast officially opened its first dealer store and started sales of the VF e34, a C-segment electric SUV. Notably, the Company has implemented a unique battery subscription policy within the market, specifically designed to incentivizeIndonesian consumers to switch to electric vehicles by offering lower initial and operating costs.
In March, VinFast officially started deliveries of its C-segment electric SUV VF 7 to customers in Vietnam.
The Company also expanded its global footprint with first distribution agreements signed in Oman, Ghana, and Micronesia.
VinFast Remains Committed to the Goal of Delivering 100,000 Vehicles in 2024
Despite marco-economic challenges facing the electric vehicle industry, VinFast has established clear plans and remains committed to the target of delivering 100,000 electric cars in 2024, with the majority of deliveries expected in the second half of the year. This goal will be primarily driven by the Company’s rapidly expanding distribution network, the introduction of new models targeting a broader customer base, and entry into new markets.
Concerning the product lineup, VinFast plans to deliver the much awaited and affordable VF 3 model in Vietnam. The Company will also launch the VF 9 and VF 7 in North America and plans to complete its full electric vehicle lineup for global markets.
Regarding charging infrastructure, Mr. Pham Nhat Vuong, Founder and CEO of VinFast, announced the establishment of V-GREEN in March 2024, to develop a global network of charging stations specifically for VinFast vehicles. By reducing capital expenditures (Capex) on infrastructure, VinFast can maintain its unwavering focus on driving business growth.
Conference Call
The Company’s management will host its first quarter 2024 earnings conference call at 8:00 AM U.S. Eastern Time on April 17, 2024.
The issuer is solely responsible for the content of this announcement.
About VinFast
VinFast – a subsidiary of Vingroup JSC – is Vietnam’s leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures a portfolio of electric SUVs, e-scooters and e-buses in Vietnam and exports to the United States, and soon, Europe. Learn more at www.vinfastauto.us.
VinFast deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the average selling price and various cost components.
Forward-Looking Statements
Forward-looking statements in this announcement, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1955. These statements include statements regarding our future results of operations and financial position, planned products and services, business strategy and plans, objectives of management for future operations of VinFast, market size and growth opportunities, competitive position and technological and market trends and involve known and unknown risks that are difficult to predict. As a result, our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (i) the effect of the consummation of the business combination and the public listing of the Company’s securities on its business relationships, performance, financial condition and business generally, (ii) the risk that the Company’s securities may experience a material price decline and volatility in the price of such securities due to a variety of factors, (iii) the adverse impact of any legal proceedings and regulatory inquiries and investigations on the Company’s business, (iv) the Company’s potential inability to maintain the listing of its securities on Nasdaq, (v) the risk associated with the Company’s limited operating history, (vi) the ability of the Company to achieve profitability, positive cash flows from operating activities and a net working capital surplus, (vii) the ability of the Company to fund its capital requirements through additional debt and equity financing under commercially reasonable terms and the risk of shareholding dilution as a result of additional capital raising, if applicable, (viii) risks associated with being a new entrant in the EV industry, (ix) the risks of the Company’s brand, reputation, public credibility and consumer confidence in its business being harmed by negative publicity, (x) the Company’s ability to successfully introduce and market new products and services, (xi) competition in the automotive industry, (xii) the Company’s ability to adequately control the costs associated with its operations, (xiii) the ability of the Company to obtain components and raw materials according to schedule at acceptable prices, quality and volumes acceptable from its suppliers, (xiv) the Company’s ability to maintain relationships with existing suppliers who are critical and necessary to the output and production of its vehicles and to create relationships with new suppliers, (xv) the Company’s ability to establish manufacturing facilities outside of Vietnam and expand capacity in a timely manner and within budget, (xvi) the risk that the Company’s actual vehicle sales and revenue could differ materially from expected levels based on the number of reservations received, (xvii) the demand for, and consumers’ willingness to adopt, EVs, (xiii) the availability and accessibility of EV charging stations or related infrastructure, (xix) the unavailability, reduction or elimination of government and economic incentives or government policies which are favorable for EV manufacturers and buyers, (xx) failure to maintain an effective system of internal control over financial reporting and to accurately and timely report the Company’s financial condition, results of operations or cash flows, (xxi) battery pack failures in the Company or its competitor’s EVs, (xxii) failure of the Company’s business partners to deliver their services, (xxiii) errors, bugs, vulnerabilities, design defects or other issues related to technology used or involved in the Company’s EVs or operations, (xxiv) the risk that the Company’s research and development efforts may not yield expected results, (xxv) risks associated with autonomous driving technologies, (xxvi) product recalls that the Company may be required to make, (xxvii) the ability of the Company’s controlling shareholder to control and exert significant influence on the Company, (xxiii) the Company’s reliance on financial and other support from Vingroup and its affiliates and the close association between the Company and Vingroup and its affiliates, (xxix) conflicts of interests with or any events impacting the reputation of Vingroup affiliates or unfavorable market conditions or adverse business operations of Vingroup and Vingroup affiliates and (xxx) other risks discussed in our reports filed or furnished to the Securities and Exchange Commission.
All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above. You are cautioned not to place undue reliance on any forward-looking statements, which are made only as of the date of this announcement. VinFast does not undertake or assume any obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If VinFast updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. The inclusion of any statement in this announcement does not constitute an admission by VinFast or any other person that the events or circumstances described in such statement are material. Undue reliance should not be placed upon the forward-looking statements.
HONG KONG SAR – Media OutReach Newswire – 17 April 2024 – Schneider Electric, the leader in the digital transformation of energy management and automation, shared a collaboration with NVIDIA to optimize data center infrastructure and pave the way for groundbreaking advancements in edge artificial intelligence (AI) and digital twin technologies. To assist IT professionals in addressing persistent pain points related to IT deployment in data centers and distributed edge IT environments, Schneider Electric has introduced Intelligent Micro Data Center One, an order-to-site assembly solution package covering power, cooling, security, and monitoring into a single enclosure. Simultaneously, Schneider Electric has launched the APC Smart-UPS Ultra, the industry’s smallest and lightest, single-phase 8 and 10kW uninterruptible power supply, and the latest evolution of gas-insulated switchgear with pure air technology and digital connectivity, SF6-free switchgear for medium voltage.
“We’re unlocking the future of AI for organizations,” said Pankaj Sharma, Executive Vice President of Secure Power Division & Data Center Business at Schneider Electric “By combining our expertise in data center solutions with NVIDIA’s leadership in AI technologies, we’re helping organizations to overcome data center infrastructure limitations and unlock the full potential of AI. Our collaboration with NVIDIA paves the way for a more efficient, sustainable, and transformative future powered by AI.”
Cutting-Edge Data Center Reference Designs
Schneider Electric is leveraging its expertise in data center infrastructure and NVIDIA’s advanced AI technologies to introduce the first publicly available AI data center reference designs. These designs are set to redefine the benchmarks for AI deployment and operation within data center ecosystems, marking a significant milestone in the industry’s evolution.
With AI applications gaining traction across industries and demanding more resources than traditional computing, the need for processing power has surged exponentially. The rise of AI has spurred notable transformations and complexities in data center design and operation, with data center operators working to swiftly construct and operate energy-stable facilities that are both energy-efficient and scalable.
Schneider Electric will introduce cutting-edge data center designs tailored for NVIDIA’s AI workloads, such as data processing, engineering simulation, and generative AI. The company aims to help data center owners integrate AI solutions efficiently, enhance deployment, and ensure reliable operations. In addition, AVEVA, a subsidiary of Schneider Electric, will connect its digital twin platform to NVIDIA Omniverse, enabling seamless collaboration between designers, engineers, and stakeholders and reducing time to market and costs for data center operators.
Innovative solutions for Resilient, Sustainable, Adaptive and EfficientIT Infrastructure in Data Centers and Distributed IT
“With the recent explosion and popularity of AI, data centers have taken a leading role in driving digitization and electrification. Data centers are crucial for the most advanced systems and act as catalysts for sustainable progress across all industries. Simultaneously, the rapid advancement of digital technologies, the rise of edge IT, and the increasing adoption of IoT applications have generated a growing demand for computing, networking, and storage resources in edge IT environments. This demand arises from the convergence of operation technology (OT) and the need for close proximity to support critical business processes and enhance user experiences.” shared Steven Lee, Director, Secure Power, Power Systems and Industrial Automation, Schneider Electric Hong Kong.
As a pioneer in innovation, Schneider Electric is committed to delivering innovative solutions that address the unique challenges of a digital and energy-conscious world. By harnessing the power of digitization, AI, and IoT, Schneider Electric is shaping a more efficient, resilient, adaptive, and sustainable future for data centers and edge IT.
Schneider Electric’s Intelligent Micro Data Center One(IMDC One)offers an order-to-site assembly solution package that combines power, cooling, security, and monitoring into a single enclosure for up to 7kW IT load. This eliminates the need for an IT room, deploys 20% faster, and can save up to 50% on capital expenditure (CAPEX). The IMDC is scalable for up to three racks, providing standalone Edge IT capacity in branch offices, commercial buildings in semi-controlled environments, and wiring closets. This affordable solution offers a one-stop professional service with a fast response time, enabling simple and rapid deployment in weeks instead of months for customers, enabling seamless customer experiences and optimized business operations at the edge.
Schneider Electric has expanded its APC Smart-UPS Ultrato 8kW and 10kW. This UPS is the world’s smallest and lightest single-phase 8kW and 10kW UPS. It offers customers more scalable power while taking up minimal space. The extended range of UPS is 30% smaller, 50% lighter, and 1.5x more power-dense than comparable offerings in a 4U footprint. The UPS with Lithium-ion battery could last for about eight to ten years and has longer battery life than VRLA for three times. The UPS can also connect up to ten external battery packs to cover extended runtime.
Medium voltage (MV) switchgear is critical for electrical distribution. However, most MV equipment has SF6 gas, which acts as a potent electrical insulator and emits a greenhouse gas 23,500 times stronger than CO2. Proper disposal of end-of-life switchgear is essential to prevent the release of SF6 into the atmosphere and avoid costly compliance measures. By transitioning to SF6-free switchgear, these challenges can be mitigated. Schneider Electric’s AirSeT innovation combines the latest gas-insulated switchgear with pure air technology and digital connectivity. It’s a sustainable solution that enables grid operators to modernize and decarbonize the grid while improving operational performance and reliability.
The issuer is solely responsible for the content of this announcement.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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