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Hitachi Scroll Compressor Showcases Innovative Low-Side Scroll Compressor at AHR Expo, Debuts in North America

By
Laotian Times
-

ORLANDO, Fla., Feb. 11, 2025 /PRNewswire/ — At the AHR Expo, North America’s largest HVACR event held from February 10-12, Hitachi Scroll Compressor made its solo debut with the global launch of its innovative low-side scroll compressor and announced its entry into the North American market. This move highlights Hitachi Scroll Compressor’s technological prowess and commitment to innovation in the HVAC industry.

During this significant event, the newly launched low-side scroll compressor stands out with advanced features, including an optimized involute design for low GWP refrigerants that boosts efficiency while maintaining the world-class dependability of Hitachi’s pioneering scroll compressor family. Engineered to be compatible with both R454B and R32 refrigerants, it aligns with green initiatives by providing a more efficient and environmentally friendly solution. The compressor also features a new high-efficiency hermetic motor and an optimized load for stable operation across its entire range, ensuring exceptional functionality and reliability.

In addition, Hitachi Scroll Compressor showcased its extensive range of high-side scroll compressors, highlighting the company’s commitment to product diversity and innovation. This comprehensive product line caters to a wide array of applications, including VRF systems, chillers, heat pumps, transport, refrigeration, and energy storage solutions. By deeply understanding user needs, Hitachi Scroll Compressor continuously innovates its products to meet the increasingly specialized demands of the market, ensuring exceptional user experiences.

Wisdom Hao, General Manager at China & Southeast Asia/Pacific Compressor Business Unit of Johnson Controls-Hitachi Air Conditioning Inc., said: “Our independent presence at the AHR Expo marks a significant step in our global strategy as we enter the North American market. We are committed to our strategy of Full Inverter, New Refrigerant and New Globalization. This exhibition not only highlights Hitachi Scroll Compressor’s strength in technological innovation but also underscores our commitment to this key market. With advanced technology and an extensive product range, we aim to deeply cultivate the North American market creating greater value for our customers.”

Hitachi Scroll Compressor remains committed to its dedication towards “New Refrigerant” adoption and international expansion by pushing technological innovations that accelerate growth in global markets. By maintaining a focus on innovation and customer satisfaction, the company aims to provide solutions that not only meet but exceed market expectations, reinforcing its position as a leader in the HVAC industry.

About Hitachi Scroll Compressor:

In 1983, HITACHI introduced the world’s first scroll compressor tailored for air-conditioning applications. Four years later, the brand launched the world’s premier scroll compressor designed for Railway AC systems.

In 1988, HITACHI unveiled the world’s debut scroll compressor engineered specifically for Refrigeration purposes.

By 2008, HITACHI created China’s inaugural R410A DC inverter scroll compressor, integrating cutting-edge dynamic oil balance management technology.

At Hitachi Scroll Compressor, our unwavering commitment is to infuse comfort and harmony into your living and working spaces through the continual innovation of energy-efficient and eco-friendly compressors. With over eight decades of pioneering innovation, our premium compressors have earned a reputation as the optimal choice for dependability and quality.

For more information visit: https://compressors.hitachiaircon.com/en

Enhance Home Comfort This Valentine’s Day with Tineco’s Limited-Time Offers

By
Laotian Times
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SEATTLE, Wash., Feb. 11, 2025 /PRNewswire/ — As Valentine’s Day approaches, Tineco invites you to celebrate love by giving the gift of a clean and comfortable home. With exclusive discounts available on Amazon from February 11 to February 16 for some of our most popular smart cleaning appliances, Tineco ensures that every moment spent together is in a space that feels fresh and inviting. Whether you’re looking for an easier way to tackle household messes or searching for the perfect gift for a loved one, our Valentine’s Day deals offer innovative solutions at unbeatable prices.

Love Is In The Air, Savings Are With Tineco
Love Is In The Air, Savings Are With Tineco

Make Every Home Feel Like a Love Nest

Tineco’s smart cleaning solutions go beyond convenience—they redefine the way we care for our homes. This Valentine’s Day, give yourself or someone special the gift of effortless cleaning and more quality time together. Here are some of our best deals:

FLOOR ONE S5 Blue (Original: $449.99, Deal Price: $329.99)
A must-have for homes with hard floors, this powerful wet-dry vacuum simplifies floor care with strong suction and self-cleaning technology. With high-capacity water tanks and up to 35 minutes of runtime, it ensures sparkling floors with minimal effort. Perfect for those who love hosting or want to keep their space pristine without hassle. The ideal gift for anyone who values a tidy and welcoming home.

FLOOR ONE Stretch S6 (Original: $599, Deal Price: $499)
Designed for deep and effortless cleaning, the FLOOR ONE Stretch S6 is perfect for those who struggle with hard-to-reach spaces. Its 180° lay-flat design and 5.1-inch slim profile easily glide under furniture, while assistive wheels and smart sensor technology ensure thorough cleaning. A great choice for busy individuals who need an efficient and powerful cleaning tool to maintain their home’s comfort and elegance.

A30S (Original: $229, Deal Price: $189)
Equipped with 160W powerful suction and up to 60 minutes of runtime, this cordless vacuum is built for effortless whole-home cleaning. With a large 1L dustbin, advanced HEPA filtration, and ZeroTangle brush technology, it’s perfect for pet owners and busy households that need strong performance without frequent maintenance. A thoughtful gift for those who appreciate efficiency and convenience in everyday cleaning.

Carpet One Cruiser (Original: $699)
Say goodbye to stubborn carpet stains and long drying times. The Carpet One Cruiser features SmoothPower technology and bidirectional assist wheels for a seamless deep-cleaning experience. With three adjustable power levels and an advanced water tank system, it dries carpets 50% faster than traditional methods. A game-changer for those who want professional-grade results at home without the expense of professional services. Ideal for families and pet owners looking for a hassle-free carpet cleaning solution.

Why You Deserve These Innovations

Cleaning doesn’t have to be a chore—Tineco’s smart technology makes it easier, faster, and more effective. Each product is designed to reduce effort, save time, and enhance your home’s comfort. Whether you’re surprising a loved one or treating yourself, these deals offer the perfect opportunity to upgrade your cleaning routine with cutting-edge technology and convenience.

Limited-Time Valentine’s Offers

These special discounts are available exclusively on Amazon from February 11 to February 16, so don’t miss out on the chance to bring effortless cleaning into your home. Visit Amazon to take advantage of these savings before they’re gone.

About Tineco
Tineco was founded in 1998 with its first SKU as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has innovated into a global leader offering intelligent appliances across home categories, including floor care, kitchen, and personal care. Tineco is dedicated to its brand vision of making life easier through smart technologies and consistently innovating new devices. For more information, visit us.tineco.com.

Massimo Moves MVR Golf Cart Production to U.S. to Enhance Quality Control and Market Positioning

By
Laotian Times
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GARLAND, Texas, Feb. 11, 2025 /PRNewswire/ — Massimo Group (NASDAQ: MAMO) is proud to announce the transition of its MVR Golf Cart series production to its facility in Garland, Texas. By assembling these vehicles domestically, Massimo ensures stricter quality control while strategically positioning itself within the U.S. market. This move aligns with the company’s commitment to delivering high-quality vehicles while adapting to the evolving trade landscape.

Recently, U.S. trade regulators took action against unfair practices in the low-speed personal transportation vehicle market. A petition was filed highlighting how certain foreign manufacturers, benefiting from government subsidies, were able to export vehicles at significantly lower costs. This created an uneven playing field. Following an investigation, the U.S. Department of Commerce determined that these manufacturers engaged in unfair trade practices. As a result, countervailing duties and antidumping tariffs have been imposed, ranging from 149% to 500%, depending on the manufacturer.

By shifting production to the U.S., Massimo is proactively addressing these trade challenges while reinforcing its commitment to high manufacturing standards. Additionally, the company is actively exploring strategic partnerships in Vietnam to diversify its supply chain and mitigate potential cost increases from tariffs affecting imports from China.

“We are committed to providing our customers with the highest quality golf carts while ensuring long-term business sustainability,” said David Shan, CEO of Massimo Motor. “Bringing production to our Texas facility strengthens our supply chain, enhances quality assurance, and positions us competitively in the U.S. market. Our customers and dealer partners can continue to rely on Massimo for innovative and reliable personal transportation solutions.”

Massimo will continue to offer its MVR Series golf carts through its extensive network of retail and dealer partners across the United States. This move ensures continued product availability while reinforcing the company’s role as a leader in the personal transportation market.

About Massimo Group 

Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTVs, off-road, and on-road vehicles in the industry. The company’s product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Massimo Marine manufactures and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo also manufactures electric versions of UTVs, golf-carts and pontoon boats. The company’s 376,000 square foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo’s future results of operations and financial position, Massimo’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “target,” “potential,” “seek,” “will,” “would,” “could,” “should,” “continue,” “contemplate,” “plan,” and other words and terms of similar meaning. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to Massimo which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that Massimo may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those under “Risk Factors” in filings with the SEC made by Massimo. Moreover, Massimo operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Massimo’s control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. No assurance can be given regarding the forward-looking statements, and actual results may differ materially from those as indicated. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

Worksport Subsidiary Terravis Energy Unveils Revolutionary Heat Pump, Eliminating Defrost Cycles & Shattering Performance Standards; AetherLux(TM)

By
Laotian Times
-

Groundbreaking System Successfully Operates From -57°F to 131°F, Eliminates Defrost Cycles, and Paves the Way for a New Era in Clean-Energy Efficiency

West Seneca, New York – Newsfile Corp. – February 11, 2025 – Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced that its wholly owned subsidiary, Terravis Energy, a Colorado corporation (“TVE”), has achieved a major industry milestone with the unveiling of the revolutionary AetherLux™ heat pump system.

Heat pumps are an answer to inefficient and outdated heating sources. The AetherLux product line has achieved a significant technological advancement on existing heat pumps. Set to feature three high performing models, the Pro Model debuts TVE’s proprietary ZeroFrost™ technology, eliminating the need of Defrost Cycles, preventing a commonly known heat pump drawback, freezing. Tested to successfully work at temperatures as low as -57°F and as high as +131°F, AetherLux is expected to redefine performance standards in a global heat pump market projected to exceed $148 billion by 2030, growing at 9.4% CAGR.

TVE’s ZeroFrost Technology: A Leap Beyond Defrost Cycles

AetherLux leverages ZeroFrost, an innovative TVE technology that eliminates the need for energy-draining defrost cycles. By preventing ice buildup, the system avoids thermal stress and minimizes wear on components-critical issues plaguing conventional heat pumps. This breakthrough extends the product’s operational lifespan and sustains efficient heating and cooling in extreme environments. Worksport believes the strength of this innovation redefines the HVAC market, and the ability to target billions of customers, world-wide. Worksport shares the global reveal below, along with more details.

  • Defrost-Free Design: No auxiliary heating system is necessary, reducing costs and energy consumption.
  • Extreme Temperatures: The TVE heat pump has been tested to work in temperatures believed to be unmatched by competitors, from -57°F to +131°F. The AetherLux Pro variant is expected to deliver robust home heating and cooling comfort, year-round. The targeted operating range is -50°F to +131°F, subject to real-world-conditions.
  • High Efficiency: The TVE heat pump has an estimated COP of 3.0 to 3.5 at -57°F and an HSPF of 11.0 to 12.5, substantially cutting energy usage.
  • AI-Driven Optimization: Intelligent software adapts operations in real time, ensuring peak efficiency under changing conditions.
  • R32 Refrigerant: The TVE heat pump utilized a refrigerant that is compliant with the 2025 Clean Air Act regulations, aligning with evolving environmental standards. Heat pumps reduce the risk of Carbon Monoxide Poisoning.

“The AetherLux system has tested as the world’s first heat pump that does not freeze, even in extreme cold. There is no competition at -50°F,” said Lorenzo Rossi, CEO of Terravis Energy. “Currently, heat pumps can be extremely inefficient during cold weather, having to rely on supplementary heat sources during defrost cycles. Our innovation solves this drawback of current heat pump technology by eliminating the need altogether. Given the redesigned configuration and eco-compliant technology, we believe it will excel in both extreme and moderate climates, delivering a solution that should increase the speed of heat pump adoption, reduce climate impact, and save customers money on their energy bill.”

Global Reveal and Product Information:

Terravis Energy expects to offer two affordable variants of the AetherLux system:

  1. AetherLux (Performance Unit): Engineered for versatility, handling climates from hot to -13°F (-25°C) with optimized efficiency. Available in 18,000 and 36,000 BTU units, preorders, further details and pricing are coming soon.
  1. AetherLux Pro (Ultra-Performance Unit) – Built for every climate, featuring ZeroFrost™ technology, highly efficient, ensuring uninterrupted heat delivery even in the harshest winter conditions.

Investors, corporations, and global heat pump distributors interested in learning more about the AetherLux launch can visit: AetherLux Reveal Website.

For inquiries, contact: info@terravis.com ; LinkedIn ; +1 (888) 554-8789 x128

Steven Rossi, CEO of Worksport, parent company to Terravis Energy, remarked: “Terravis’s breakthrough is the result of three years of cutting-edge R&D. We expect significant commercial interest, given the product’s virtually unheard-of performance metrics. Since Worksport shareholders also own Terravis shares, we believe this technology is an underrecognized asset within our Company. As Terravis moves toward commercialization, I’m tremendously excited about the impact on Worksport’s future.”

AetherLux Pro- Reveal Video
Cannot view this video? Visit:
https://www.youtube.com/watch?v=chTYESTIFlM

Learn more about Terravis’s Parent Company, Worksport Ltd (NASDAQ: WKSP): https://investors.worksport.com.

Stay tuned for more information and join our mailing list to stay up to date with the latest. Join Worksport’s Newsletter

About Worksport

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport’s hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy’s website is terravisenergy.com.

For more information, please visit investors.worksport.com.

Connect with Worksport

Please follow the Company’s social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram (collectively, the “Accounts”), the links of which are links to external third-party websites, as well as sign up for the Company’s newsletters at investors.worksport.com. The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company.

Product social media Investor social media
Instagram X (formerly Twitter)
Facebook
YouTube 		LinkedIn
Link to Newsletter

Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission (“SEC”) filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media.

The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.

For additional information, please contact:

Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: investors@worksport.com

Forward-Looking Statements

The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “scheduled,” “expect,” “future,” “intend,” “plan,” “project,” “envisioned,” “should,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.

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

AGCO and SDF Enter New Partnership to Strengthen Global Position in Low-Mid Horsepower Tractor Segment

By
Laotian Times
-

Supply agreement enables a refreshed Massey Ferguson utility tractor range

DULUTH, Ga. and TREVIGLIO, Italy, Feb. 11, 2025 /PRNewswire/ — AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, and SDF, one of the world’s leading manufacturers of tractors, harvesters, electric self-driving tractors and diesel engines, have signed a supply agreement that will offer farmers a streamlined low-mid range horsepower tractor portfolio for AGCO’s leading Massey Ferguson brand. Beginning mid-year 2025, tractor specialist SDF will produce proprietary tractors with up to 85 horsepower for most global markets. 

“AGCO and Massey Ferguson’s Farmer-First approach is centered on creating a consistently exceptional experience for our farmers,” said Luis Felli, Senior Vice President and General Manager, Massey Ferguson. “We are extremely proud to have a partner like SDF who shares our passion for serving the world’s farmers. This partnership will strengthen Massey Ferguson’s position in the low-mid horsepower tractor segment globally, allowing us to provide more farmers with straightforward, dependable and high-quality equipment to drive their productivity and maximize profit.”

The new product range will be offered with various powertrain options to match diverse needs of customers and markets. AGCO expects the refreshed Massey Ferguson portfolio to help boost market share in the segment of up to 85 horsepower.

“We are pleased to have reached this agreement, which highlights the efficiency of SDF’s vertically integrated production system in all our facilities,” commented Alessandro Maritano, SDF Chief Commercial Officer. “This confirms the value of our in-house expertise and know-how in designing and manufacturing proprietary core components, ensuring excellence and innovation worldwide.”

Both companies have set ambitious targets for the partnership, which include:

  • Increase customer satisfaction and loyalty across all regions, by leveraging Massey Ferguson and SDF’s joint expertise and capabilities to meet farmers’ needs
  • Drive profitable growth that leverages best cost manufacturing, high quality production and economies of scale

The Massey Ferguson global distribution network will begin transitioning to the new offerings in mid-2025 in a phased approach across most global regions.

About AGCO 
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio, including leading brands Fendt®, Massey Ferguson®, PTx and Valtra®. AGCO’s full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $11.7 billion in 2024. For more information, visit www.agcocorp.com.

About SDF
SDF is an Italian multinational company based in Treviglio (Bergamo, Italy), among the world leaders in the production of tractors, agricultural harvesting machines, autonomous electric tractors and diesel engines. SDF distributes its products under the brands SAME, DEUTZ-FAHR, Hürlimann, Grégoire and VitiBot. The tractor line-up covers a power range from 25 to 336 hp. In nearly a century of history, SDF has contributed significantly to the mechanization of the agricultural sector, leading a successful international expansion path and being a driver of the digital transformation of agriculture. Today SDF produces “smart tractors” designed for increasing operational efficiency and productivity with a focus on Agriculture 4.0. SDF can rely on 8 production sites, 14 sales subsidiaries, 2 joint venture, 155 importers and over 3,100 dealers and it employs more than 4,400 people worldwide. In 2023, the Company recorded revenues of € 2.031billion and an EBITDA of 15.9%. www.sdfgroup.com

 

Cathay Biotech to showcase thermoplastic bio-based composite materials (bio-PPA CFRT) at 2025 JEC World

By
Laotian Times
-

PARIS, Feb. 11, 2025 /PRNewswire/ — The global composite materials industry’s attention will soon be focused on the JEC World 2025 exhibition, which will be held from March 4th to 6th at the Paris Nord Villepinte Exhibition Centre in France. At this highly anticipated event, Cathay Biotech will showcase its breakthrough application achievements and solutions of thermoplastic bio-based composite materials in the fields of automotive light-weighting, new energy, construction, eVTOL, and consumer electronics, etc., driving the industry towards a more sustainable future.

As an innovator and pioneer of the global bio-manufacturing industry, Cathay Biotech takes technological innovation as its core competence and continues to invest heavily in R&D. The continuous fiber-reinforced bio-based polyamide thermoplastic composite materials (hereinafter referred to as ‘bio-PPA CFRT’) launched by Cathay Biotech, are produced from renewable resources and have high-performance, which break through the boundary of traditional materials. These bio-PPA CFRT materials have excellent mechanical properties, and outstanding processability, are particularly suitable for working conditions which demand high strength, rigidity, and excellent weatherability, etc. They are an ideal choice for replacement of steel, aluminum, and thermosetting materials.

Compared to other materials, Cathay’s bio-PPA CFRT materials provide one stop solutions including materials for structural design, simulation, molding processes, assisting customers to substantially improve production efficiency and reduce manufacturing costs. Moreover, Cathay bio-PPA CFRT materials have significantly lower carbon emissions and can be recycled and re-used due to its thermoplastics character.

Cathay Biotech cordially invites you to visit our booth and explore the innovative value and infinite possibilities of Cathay bio-PPA CFRT materials, to jointly promote the green future of the composite industry.

Looking forward to meeting you in Paris!

Cathay Biotech booth information

Exhibition: JEC World 2025
Extension: March 4-6, 2025
Exhibition Hall: Paris Nord Villepinte Exhibition Centre, France
Booth number: CATHAY BIOTECH INC. Hall 5 L02

More information about Cathay Biotech (https://www.cathaybiotech.com/en/)

Independent review of Minesto’s technology successfully completed strengthening the buildout investment case

By
Laotian Times
-

GOTHENBURG, Sweden, Feb. 11, 2025 /PRNewswire/ — An independent technical review of Minesto’s Dragon-class technology initiated in autumn 2024 has now been completed by DNV – a world leader in technology assessments and certifications in the energy & maritime sectors, incl. renewable energy solutions. The successfully completed review strengthens Minesto’s buildout investment case.

The review is based on full disclosure of technical data related to relevant aspects of the Dragon-class technology, ranging from energy conversion performance, production volumes and installation procedures. Comprehensive documentation, workshops with the Minesto development team and a visit to the production site on the Faroe Islands during offshore installation were taken into consideration for the review process.  

In a nutshell, the review of technology-readiness supports Minesto’s plan for a first 10MW array build-out in Faroe Islands and the potential for reaching competitive cost of energy (LCOE) levels based on the low system weight, as well as the unique and efficient installation and handling procedures.

“As with all novel technologies, including ours, there is a strong need among potential customers and partners for input from independent trusted sources on risks and commercial readiness, especially as we are scaling-up and moving from single-kite operations to arrays. We can see that the conclusions and quality of the review performed by DNV is of great value for us in satisfying this need,” said Dr Martin Edlund, CEO of Minesto.

Minesto is sharing the review results together with technical documentation with selected partners and potential customers under NDA to move the commercial agenda forward, showcase the technology and provide required transparency.

“It is a large undertaking to share comprehensive data on our technology with external parties. This work was successfully completed and it has strengthened our technical documentation further,” added Martin Edlund.

Moreover, DNV provided guidance on potential risks and suggestions for areas of improvement which have been incorporated into the development agenda.

“It is satisfying to conclude that the technical risks identified by DNV align with our internal assessment and support our development priorities. We are ready and eager to implement this in the immediate next step, delivering the Hestfjord Dragon Farm,” concludes Martin Edlund.

For additional information please contact

Cecilia Sernhage, Chief Communications Officer
+46 (0) 723 31 89 09
ir@minesto.com 

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.

Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €45 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union’s largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.

Read more about Minesto at www.minesto.com

Press images and other media material is available for download via minesto.com/media

Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/minesto-ab/r/independent-review-of-minesto-s-technology-successfully-completed-strengthening-the-buildout-investm,c4103767

111, Inc. Regains Compliance with NASDAQ Requirement

By
Laotian Times
-

SHANGHAI, Feb. 11, 2025 /PRNewswire/ — 111, Inc. (NASDAQ: YI) (“111” or the “Company”), a  leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China, announced today that it has received notification from The Nasdaq Stock Market LLC (“Nasdaq”) on February 10, 2025, confirming that Nasdaq has determined that for the last ten consecutive business days, from January 24, 2025 to February 7, 2025, the closing bid price of the Company’s American Depositary Shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1). Nasdaq noted this matter is now closed.

Forward-Looking Statements

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as 111’s strategic and operational plans, contain forward-looking statements. 111 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability comply with extensive and evolving regulatory requirements, its ability to compete effectively in the evolving PRC general health and wellness market, its ability to manage the growth of its business and expansion plans, its ability to achieve or maintain profitability in the future, its ability to control the risks associated with its pharmaceutical retail and wholesale businesses, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and 111 does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About 111, Inc.

111, Inc. (NASDAQ: YI) (“111” or the “Company”) is a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China. The Company provides consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy, 1 Pharmacy, and indirectly through its offline virtual pharmacy network. The Company also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation, electronic prescription service, and patient management service. In addition, the Company’s online platform, 1 Medicine, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. With the largest virtual pharmacy network in China, 111 enables offline pharmacies to better serve their customers with cloud-based services. 111 also provides an omni-channel drug commercialization platform to its strategic partners, which includes services such as digital marketing, patient education, data analytics, and pricing monitoring.

For more information on 111, please visit: http://ir.111.com.cn/.

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