30 C
Vientiane
Sunday, May 4, 2025
spot_img
Home Blog Page 294

NYSE Content advisory: Pre-Market Update + Newsmax Shares Pop 735% in NYSE Debut

NEW YORK, April 1, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.

 

Pre-Market Update + Newsmax Shares Pop 735% in NYSE Debut

Kristen Scholer delivers the pre-market update on April 1st

  • The S&P turned losses earlier in yesterday’s session into gains by the market close to round out the first quarter of 2025.  
  • The markets prepare for the first day of the second quarter on the eve of what President Trump has called Liberation Day with more levies set to take effect on April 2.
  • Newsmax (NYSE:NMAX), which debuted yesterday on the New York Stock Exchange, closed up 735 percent on its IPO day.

Watch NYSE TV Live every weekday 9:00-10:00am ET 

Video – https://mma.prnasia.com/media2/2655185/NYSE_Market_Update_April_1.mp4 

 

SANY Set to Unveil Intelligent, Green, and Efficient Future of Construction Machinery at Bauma 2025

MUNICH, April 1, 2025 /PRNewswire/ — The bauma 2025, the world’s premier trade fair for the construction machinery industry, will open on April 7th with the theme “Be part of it-Experience innovation, power, and heartbeat moments”, focusing on carbon neutrality and intelligent construction solutions to guide the industry towards a smart and green transformation.

Welcome to the World of Efficiency
Welcome to the World of Efficiency

SANY Group, a leader in the construction machinery industry, will showcase its high-quality, efficient, and sustainable solutions under the theme “The World of Efficiency – Your Partner to Create the Best”. With 35 products on display, including 19 new models and 11 electrified products, SANY will highlight its commitment to electrification and adaptability to the European market. SANY Group (booth number FN619, 3152 sqm) will exhibit alongside Putzmeister (booth number B6.100, 2500 sqm) at bauma 2025, totaling a record-setting 5652 square meter booth area. Attendees can expect global debuts, CE certified products, and innovative solutions designed for global customers.

Pioneering Electrification and Diverse Offerings for the European Market

The booth will unveil 11 electric devices for the first time in Europe, including SANY’s largest tonnage pure electric crawler crane SCC2000A-EV, the industry’s first 5-ton all-electric roller STR50E, and the European-adapted electric milling machine SCM500E-10, comprehensively showcasing its leading position in electrification.

Moreover, SANY will also showcase six excavators equipped with dual arms/extended arms and exclusive attachments, including the first 1-ton micro excavator SY10U, the Euro V emission-compliant 3.5-ton short tail model SY26C, and the 15-ton short tail excavator SY155U. Additionally, SANY’s first compact electric 6-meter telescopic arm forklift STH625E designed for Europe and the 40-ton material handler developed for the European material handling market will be presented, meeting the diverse needs of the European market.

Enhancing Interactive Experiences with Technological Immersion

At the SANY booth, visitors will also encounter meticulously crafted technological exhibits, showcasing SANY’s comprehensive capabilities in digital operations.

Experience two standout interactive features in digital control:

  • “Remote Control Over Thousands of Miles” enables remote operation of unmanned mining excavators from Munich to Huzhou, China, setting a new distance record for SANY;
  • “Construction Simulation Game” provides visitors with a hands-on experience of the Construction Simulator 3 game, seamlessly integrating SANY equipment control with gaming.

Additionally, SANY will showcase a focused selection of parts and services, including 18 components such as hydraulic parts and wearing parts, offering attendees a comprehensive look at SANY’s capabilities in parts supply and service support.

With innovative products, cutting-edge technology, and exceptional service, SANY will comprehensively demonstrate its formidable strength and unlimited potential in the field of construction machinery. Visitors from around the globe are invited to explore SANY’s booth and witness the intelligent, green, and efficient future of the construction machinery industry. Join in experiencing “The World of Efficiency” your partner SANY brings.

63.5% Of Manufacturers Surveyed Rank Strengthening Cybersecurity Posture as the Most Important Investment – Up 41 Percentage Points from 2024

ABI Research releases the results of its semiannual Manufacturers’ Technology Adoption & Attitudes Survey

NEW YORK, April 1, 2025 /PRNewswire/ — Global technology intelligence firm ABI Research recently completed its semiannual Manufacturers’ Technology Adoption & Attitudes Survey, a comprehensive survey of 458 manufacturing decision-makers across the United States, Malaysia, and Germany to uncover real-world attitudes, adoption trends, and valuable insights that reflect the current technological landscape within the manufacturing industry. Key findings from the survey, presented in The State of Technology in the Manufacturing Industry report, reveal that manufacturers overwhelmingly view strengthening their cybersecurity posture as the most important investment for improving productivity.

“An interesting find from the survey is that 63.5% of manufacturers surveyed now say that improving their cybersecurity posture is the top investment necessary for improving productivity. When asked in the first wave of the survey in 2024, that number was only 21.9%. The recent CrowdStrike update, which caused a massive IT outage that crashed millions of Windows systems, brought security vulnerabilities to the fore. Increasing geopolitical tensions certainly play a part as well,” explains Michael Larner, Distinguished Analyst at ABI Research.

Other high-level findings from The State of Technology in the Manufacturing Industry report:

  • 84% of Germany’s Greenfield facilities have achieved Modern Factory Maturity. Malaysian Brownfield facilities lag behind other regions at 31%, which reflects Malaysia’s heavy investments in advanced areas with fewer investments in traditional or legacy areas.
  • Manufacturers are increasingly embracing cloud solutions. 79% of manufacturers agree that cloud solutions offer clear benefits around decision-making, remote monitoring, and supply chain coordination.
  • 44% of manufacturers are devising an implementation program or already rolling out private 5G, proving that Private 5G is beginning to take hold in the manufacturing space.
  • 66% of respondents believe that Generative AI can help to optimize their production lines, and 74% believe Generative AI can accelerate the creation of worker instructions.
  • 78% of respondents believe in the industrial metaverse’s ability to fuel Research and Development (R&D) in conjunction with strategy, but belief in onboarding capabilities may be waning.
  • 76% of Malaysian manufacturers agree that Private cellular technology enhances connectivity, ensuring reliability and secure communications.
  • 78% of U.S. manufacturers see operational efficiencies and productivity as a strong benefit, reflective of labor savings and reduction of input costs, whether components or raw materials.
  • 53.9% of manufacturers are increasingly prioritizing QMS systems as a priority investment to improve quality levels, firming up their view of which technologies can improve quality.
  • 48% of manufacturers view the lack of expertise to fully grasp the potential of new technologies as a primary barrier to digital transformation.

“Innovation is the cornerstone of success in the manufacturing Industry, and making a robust technology strategy is essential. The survey results are arming technology vendors and end users with real-world and current technology attitudes, adoption rates, and insights to gain a competitive advantage in the rapidly evolving industrial and manufacturing landscape,” Larner concludes.

Download the report, The State of Technology in the Manufacturing Industry, for Survey highlights.

ABI Research is now inviting a small set of participants to join our survey efforts as we launch the next wave of our semiannual survey targeting respondents in industrial and manufacturing companies. Shape the survey.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info:

Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

Peijia Medical collaborates with dsm-firmenich to create groundbreaking innovative medical device products

SUZHOU, China, April 1, 2025 /PRNewswire/ — Today, April 1st, Peijia Medical Technology (Suzhou) Co., Ltd. held a strategic innovation cooperation signing ceremony and a press conference to announce the research and development achievements of polymer heart valves using ultra-high molecular weight polyethylene (UHMWPE) and thermoplastic polyurethane (TPU) from the Biomedical business of dsm-firmenich, innovators in nutrition, health, and beauty, at Peijia Medical’s global headquarters. The signing of the strategic innovation partnership agreement between the two parties will further focus on the research and development innovation of polymer heart valve materials, which is expected to initiate an epoch-making transformation in the field of high-end medical device materials worldwide.

Peijia Medical is a leading enterprise in the field of high-end medical devices for structural heart disease and cerebrovascular intervention in China. It boasts a comprehensive portfolio of structural heart disease products and a product development team that covers major valvular diseases and next-generation core technologies, as well as a complete range of commercialized products and innovative procedural combinations for the hemorrhagic and ischemic stroke markets. In 2024, Peijia Medical’s sales revenue 615 million RMB, marking a year-on-year increase of approximately 40%.

The Biomedical business of dsm-firmenich is headquartered in Pennsylvania, USA, with offices and an Innovation & Application Center in the Netherlands and Shanghai, China. As part of the dsm-firmenich group, Biomedical has unmatched expertise in biomaterials and their applications, helping partners such as Peijia create groundbreaking innovations for patients everywhere.

In this collaboration, Peijia Medical and Biomedical have joined forces to achieve a new breakthrough in the research and development of ultra-high molecular weight polyethylene (UHMWPE) and thermoplastic polyurethane (TPU) heart valve materials. According to the agreement, the two parties will establish a long-term, stable, and mutually beneficial strategic innovation partnership. Using dsm-firmenich biomaterials, the respective R&D teams will collaborate on the design and development of new high-end medical device products, the optimization of key raw material properties, the research and development of new materials, as well as the development and application of advanced manufacturing processes and technologies, all based on UHMWPE materials.

Ultra-high molecular weight polyethylene (UHMWPE) fiber is a lightweight and high-strength polymer material, boasting a strength 15 times that of steel structures of the same size. Utilizing ultra-fine fibers and through unique weaving and multi-layer fusion technologies, polymer valve materials can be produced, which can perfectly replace the existing animal-derived materials for heart valves. There is significant potential for advancement in the flexibility and biocompatibility of the product, enabling a revolutionary iterative upgrade of valve materials.

Polymer valve materials are a type of non-biological, inorganic material with distinct advantages in physical and biochemical properties, as well as lifespan, and are also suitable for younger patients. Compared to traditional animal-derived valve materials, polymer valve materials offer two major advantages: on one hand, they enhance product longevity and broaden the range of indications; on the other hand, they reduce costs and are suitable for mass production. This is of significant importance for the development of the heart valve market and for benefiting a larger patient population.

The polymer valve independently developed by Peijia Medical is a novel type of polymer valve that utilizes a five-layer bionic polymer fiber fabric as the valve material, simulating the functions of the corresponding layers of the human body’s own valve leaflets, thus more closely approximating the various functions of the human body’s own valves. This product has demonstrated stable hemodynamics after 400 million cycles of accelerated fatigue testing, showcasing exceptional durability, with an expected lifespan far exceeding that of current biological source valve materials. The development of this product has been successfully selected as a key core technology research project in Suzhou’s global “unveiling and leading” initiative. Currently, the product has completed animal testing and is preparing to enter clinical trials.

Pan Kongrong, Chief Operating Officer of Peijia Medical, stated that on the basis of years of collaboration with Biomedical, the two companies will now enter a deeper level of synergy. The development of polymer valve leaflet materials, as a core platform technology of Peijia Medical, once completed, will be applied across various product lines to enhance the performance of each product and unlock the application of ultra-high molecular weight polyethylene in the field of structural heart disease.

Paul Spencer, President of the Biomedical division at dsm-firmenich, noted “At dsm-firmenich, we are committed to advancing vascular care with innovative biomaterial solutions that support the goals of driving better clinical outcomes, reducing healthcare costs, and improving the lives of patients worldwide. We are very excited to formally collaborate with Peijia to bring progress to life in China.”    

 

9GAG Founder Completes Acquisition of Controlling Stake in Howking Tech (2440.HK), Proposing Rename to “MemeStrategy,” Set to Become Asia’s First Publicly Listed Virtual Asset Ecosystem Venture

HONG KONG, April 1, 2025 /PRNewswire/ — Ray Chan, co-founder of the internationally acclaimed meme platform 9GAG, has officially completed the acquisition of a controlling stake in Howking Technology International Holdings Limited (“Howking Technology”; Stock Code: 2440) and announced plans to rename the company as MemeStrategy Inc. (“MemeStrategy”), which captures the company’s latest business outlook and strategic ambitions. It underscores the company’s positioning as Asia’s first publicly listed virtual asset ecosystem venture. The proposed name change is subject to approval by shareholders at the upcoming Extraordinary General Meeting.

MemeStrategy has also officially announced the latest appointments to its Board of Directors. Ray Chan has assumed the roles of Chairman and Chief Executive Officer, leading the company’s strategic development and business operations. As co-founder of 9GAG, Chan successfully built the platform into a globally recognized brand with over 200 million users worldwide[1], backed by investments from top-tier accelerator Y Combinator and other prominent venture capital firms. With a vast international user base, 9GAG is a prime example of a Hong Kong-based tech company achieving global success.

In addition, several key members from 9GAG and Memeland have joined the Board as Executive Directors, driving MemeStrategy’s strategic focus on three key growth pillars: Artificial Intelligence (AI), Blockchain, and Culture.

Strategic Integration of Virtual Assets and Web3 Ecosystem

MemeStrategy plans to incorporate Bitcoin and other high-potential virtual assets into the company’s asset allocation to achieve long-term value growth. Leveraging its extensive experience in social media and the Web3 space, the team will selectively invest in innovative Web3 and AI projects. By integrating 9GAG’s vast global community resources with over 200 million users worldwide, the company aims to accelerate growth and foster business diversification and sustainable development. Key focus areas include “Creator Economy 4.0″—combining Web3 technology to empower creators to monetize and enhance their intellectual property (IP) value; “Decentralized Physical Infrastructure Network” (DePin)—merging Howking Technology’s expertise in the Internet of Things (IoT) to explore the application potential of next-generation decentralized infrastructure.

Seizing Web3 Opportunities to Establish Hong Kong as an International Virtual Asset Hub

Ray Chan, Chairman and CEO of MemeStrategy, stated: “Our team is rooted in Hong Kong with a global vision and extensive experience in the social media sector. We have actively participated and invested in multiple Web3 and virtual asset projects, witnessing firsthand the immense potential of this field. In recent years, Hong Kong and governments worldwide have been actively advancing Web3 policies and regulatory frameworks. Now is the optimal time to leverage the transparent operating model of public companies to improve market awareness and confidence in Web3 while creating long-term value for shareholders. We aim to build the bridge between the new economy and traditional finance, supporting Hong Kong’s development as an international virtual asset hub.”

Appointment of Top-Tier Independent Directors to Strengthen Governance

To further strengthen corporate governance and professional guidance, MemeStrategy has appointed three industry leaders as Independent Non-Executive Directors: Sandy Peng, Co-founder of Scroll, a Layer 2 scaling solution for Ethereum that leverages zero-knowledge rollups; Wesley Ng, CEO and Co-founder of CASETiFY, the global lifestyle brand blending technology, design, and culture; and Victor Siu, a seasoned financial expert and CEO of GCA Professional Services Group, who brings over 18 years of professional experience in investment banking and valuation.

Unique Advantage in Seamless Integration of Web2 and Web3

The MemeStrategy team stands out as one of the few with dual expertise in operating both Web2 social media and Web3 virtual assets. The team members possess extensive experience in product development and investment, and a track record of success in many notable projects, including token projects featured on Binance Launchpool by Binance, the global leading virtual asset exchange.

Working strategically with 9GAG and partners, MemeStrategy will leverage its massive, diverse, and globally distributed community spanning diverse age groups and regions to provide robust marketing and growth momentum for ecosystem projects and partners. This unparalleled synergy will further grow and unlock the long-term value of the projects involved.

[1] 9GAG has a global audience of 200 million across various social media channels, including 9GAG Instagram (56 million), Facebook (40 million), X (16 million), Threads (6.5 million), Pinterest (3.9 million), TikTok (2.8 million), and WhatsApp (1.8 million).

 

About MemeStrategy

MemeStrategy (Stock Code: 2440) is Asia’s first publicly listed virtual asset ecosystem venture, managed by the team behind 9GAG, a globally acclaimed meme platform with over 200 million users. Leveraging its Web2 and Web3 expertise, MemeStrategy adopts a people-first approach to strategically invest in three key growth pillars: Artificial Intelligence (AI), Blockchain, and Culture, aiming to build the bridge between the new economy with traditional finance.

MemeStrategy allocates resources strategically to Bitcoin and other high-potential virtual assets. Backed by strong community resources and a cross-disciplinary professional team, MemeStrategy is committed to driving the adoption and application of AI and blockchain technologies, creating long-term growth value for investors.

Trina Storage Powers One of South Australia’s Largest Energy Storage Projects with Remarkable Product Strength, Enabling AUD 460 Million Financing

SHANGHAI, April 1, 2025 /PRNewswire/ — Trina Storage, a global leader in energy storage solutions, has played a pivotal role in enabling Pacific Green to secure AUD 460 million in financing for the Limestone Coast North Energy Park. The 250MW/500MWh battery energy storage system (BESS), supplied by Trina Storage, will be one of the largest energy storage projects in South Australia.

Trina Storage's Advanced Energy Storage Solutions Enable AUD 460 Million Financing
Trina Storage’s Advanced Energy Storage Solutions Enable AUD 460 Million Financing

Trina Storage’s Advanced Energy Storage Solutions Enable AUD 460 Million Financing

On March 19, Pacific Green announced that the Limestone Coast North energy storage project has successfully reached Financial Close, with 100% of the shares sold to Intera Renewables (Intera) in a transaction valued at AUD 460 million.  As both the battery cell supplier and BESS provider, Trina Storage delivered a state-of-the-art 250MW/500MWh BESS, backed by robust performance guarantees and warranties.  Trina Storage’s global experience and strong financial standing have been instrumental in bolstering investor confidence, making the financing a resounding success.

Trina Storage Secures Australia’s Rigorous Grid Connection Approval

As the BESS supplier for one of South Australia’s largest grid-connected energy storage projects, Trina Storage, in collaboration with Pacific Green, has successfully obtained grid connection approval (5.3.4a Letter) from ElectraNet and the Australian Energy Market Operator (AEMO). By meeting Australia’s rigorous GPS grid connection certification requirements and leading the critical R1 and R2 implementation phases, Trina Storage proves its advanced product performance and system integration expertise.

Trina Storage’s dedicated local technical support team in Australia has been pivotal in ensuring seamless project execution. From design and installation to operation and maintenance, the team provides end-to-end services, ensuring the highest standards of quality and reliability.

“We are honored to collaborate with Pacific Green on this landmark project.” said Andy Hsieh, Overseas Delivery and Service Director at Trina Storage. “Our team is fully committed to delivering high-quality energy storage solutions and ensuring the project’s successful execution. With our local expertise and technical capabilities, we are confident in providing comprehensive support to ensure the project’s seamless implementation.”

The Limestone Coast North project is the first in Pacific Green’s 10GWh Australian project pipeline to reach Financial Close, marking a significant step forward in the nation’s renewable energy transition. Trina Storage’s involvement not only highlights its leadership in the global energy storage market but also reinforces its commitment to supporting Australia’s ambitious clean energy goals.

ST Engineering iDirect Launches New Excelerator Partner Program

Innovative program empowers partners with growth, efficiency and collaboration

HERNDON, Va., April 1, 2025 /PRNewswire/ — ST Engineering iDirect, a global leader in satellite communications, has launched its Excelerator Partner Program, an initiative to recognize and reward outstanding partner performance while fostering deeper collaboration. The enhanced program replaces ST Engineering iDirect’s existing bePART program and is designed to help its partners accelerate time to market, expand opportunities and enhance partnerships, while improving experience through innovative tools and support.

The Excelerator Partner program aims to strengthen long-term partnerships and foster loyalty by providing expert guidance, robust resources, and a partner experience that benefits their business and customers. Through an array of enhanced benefits, including tiered rewards, quarterly incentives, advanced product and sales training, market development funds and go-to-market support, the program helps partners achieve significant growth and succeed in an ever-changing marketplace.

An integral component of the program is the Excelerator Partner Portal, a self-service platform providing access to sales guides, technical specifications, co-branded marketing materials, training and certifications, lead registration, quote generation and real-time reporting. These tools simplify operations, enabling partners to track revenue, monitor deal status and focus on driving growth. Additionally, partners will benefit from expert support through the Excelerator Support Team and a new Excelerator Solutions Portfolio that provides access to solutions that overlay their iDirect networks, enabling partners to differentiate, diversify and expand their businesses.

“The Excelerator Partner Program reflects our commitment to elevating our partnerships and driving mutual success,” said Danielle Edwards, Vice President of Channels at ST Engineering iDirect. “By recognizing and rewarding outstanding performance and providing real-time tools like lead registration and quote generation, we’re enabling our partners to adapt quickly and streamline operations so that they can focus on growing their business. This program is designed to help our partners thrive by addressing their need for value, speed, efficiency and growth.”

For more information about the Excelerator Partner Program, visit https://www.idirect.net/excelerator/.

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.

 

Canadian Solar and Flow Power to Install Innovative Anti-Hail Solar Panels

Canadian Solar’s new anti-hail technology is set to be installed at a new South Australian solar BESS energy project by Flow Power, enhancing the resilience of solar energy in Australia’s harsh climate.

KITCHENER, ON, April 1, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that its subsidiary in Australia and Flow Power, one of Australia’s fastest growing energy retailers, have teamed up to deliver the first Flow Power solar project featuring Canadian Solar’s anti-hail modules. This will also mark the first deployment of Canadian Solar’s innovative anti-hail technology in Australia. Set to be delivered in 2025, the South Australian solar and battery energy storage system (BESS) in Coonawarra will be a significant milestone in Australia’s renewable energy journey, offering increased protection for solar panels in extreme weather conditions. 

Developed through extensive testing, Canadian Solar’s anti-hail technology helps safeguard solar panels from severe weather, including hailstorms. This innovation is part of Canadian Solar’s commitment to providing durable, high-performance solutions for renewable energy projects in some of the world’s most challenging environments. 

Based in the Coonawarra wine region, Flow Power’s first project to utilise the technology will be a solar farm paired with a DC-coupled BESS. This project will be the first of many sites where Canadian Solar and Flow Power collaborate to install the Company’s anti-hail technology across the country. 

“We’re excited to be using Canadian Solar’s TOPCon anti-hail panels in our upcoming energy projects,” said Tom Harrison, Flow Power’s General Manager Energy Projects. “At Flow Power, we are committed to innovation, and we always work to make each new project better than the last. That includes building smarter, more resilient energy solutions, and the Coonawarra Energy Project is a testament to that mission. By integrating anti-hail technology into our solar farms, we are not only enhancing the durability of our assets, but also ensuring greater reliability for our customers, even in extreme weather conditions.” 

“We are proud to partner with Flow Power to bring our advanced anti-hail solar panels to Australian energy projects,” said Dr. Shawn Qu, Chairman and CEO of Canadian Solar. “This first project highlights our commitment to providing innovative solutions that enhance the durability and performance of solar energy systems in Australia.” 

The first phase of the Coonawarra Energy Project will soon begin, with the solar modules set to be installed in the coming months. 

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 150 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 10 GWh of battery energy storage solutions to global markets as of December 31, 2024, boasting a US$3.2 billion contracted backlog as of December 31, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About Flow Power

Flow Power is an electricity, technology and engineering company that has been reshaping energy for Australia since 2008. Flow Power’s renewable energy portfolio encompasses wind, solar and storage – while its innovative approach uncovers new and better ways to deliver reliable, renewable energy that brings costs down and puts the power back in customers’ hands. 

One of Australia’s fastest-growing energy retailers, Flow Power serves some of our best-loved organisations including Asahi Beverages, Sydney Opera House, Snack Brands, Westpac, City of Sydney, The University of Melbourne, RM Williams, Newcastle Airport and Harris Farm Markets.

A long-term industry leader in the renewable energy transition, Flow Power has recently launched its innovative residential electricity plan, Flow Home, which empowers Australians to make their homes a force for good in the renewable energy transition.

Flow Power: creating Australia’s renewable energy future, together. 

For more information: www.flowpower.com.au

Safe Harbor/Forward-Looking Statements  
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar and Flow Power undertake no duty to update such information, except as required under applicable law. 

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com 

CANADIAN SOLAR INC. MEDIA CONTACT
Minnie Xu
minnie.xu@csisolar.com 

FLOW POWER MEDIA CONTACT
Emma Malueg, Account Manager – Sustainability, Horizon Communication Group  +61 0450 276 840
emma@horizoncg.com.au