Maritime and cultural tourism exhibition features giant, eye-popping installations at five prominent locations in Macao                                                                

MACAO, Jan. 15, 2025 /PRNewswire/ — Sands China held an opening ceremony Wednesday at the Macao Science Center waterfront to celebrate world-famous pop art master Philip Colbert’s colourful maritime and cultural tourism art exhibition, Coastal Fantasia: The Lobster King’s Vacation in Macao, which features massive installations of his iconic Lobster cartoon persona.

From now until mid-March, local residents and visitors can enjoy the exhibition at five concurrent locations in Macao, crafted by the world-renowned British contemporary pop artist to highlight Macao’s unique coastal beauty. Some of the works were exclusively designed for this special exhibition.

Free to visit, this enriching, accessible art series is brought to Macao by Sands China with the support of the Marine and Water Bureau, Municipal Affairs Bureau, Macao Government Tourism Office, Cultural Affairs Bureau, Public Security Police Force and Macao Science Center.

Sands China hopes that the innovative, city-wide pop art installation will further expand Macao’s maritime tourism offerings, enrich the cultural experience of locals and tourists in Macao, support the development of new tourism products to attract domestic and international visitors, and showcase Macao’s multicultural charm.

Dr. Wilfred Wong, executive vice chairman of Sands China Ltd., said: “Sands China is delighted to partner with globally acclaimed British contemporary pop art master Philip Colbert to bring his iconic Lobster back to the city in this new year with Coastal Fantasia: The Lobster King’s Vacation in Macao. Macao is a port city located on the coast of the South China Sea, naturally endowed with significant geographical advantages. With its unique blend of East meets West culture spanning over four centuries, the peninsula possesses characteristics that are truly one-of-a-kind in the world. By introducing internationally renowned masterpieces to Macao, we aim to boost Macao’s coastal tourism offerings and promote the beauty of the city’s coastline – while further enriching Macao’s distinctive tourism and cultural atmosphere and enhancing its international reputation through this newly launched maritime and cultural art exhibition. Additionally, this exhibition’s installations showcase both the classic and new look of Colbert’s Lobster to highlight the importance of preserving the ocean and ecological environment – some of which are even making their global debut.

“Macao’s exhibition of this globally recognised artist once again highlights the city’s unique integration of Chinese and Western cultures and its cultural charm. This mega-event demonstrates Sands China’s ongoing support for the government’s vision to promote Macao’s diversification, ushering in a new chapter for the city’s cultural and arts industries. We express our heartfelt gratitude to the Liaison Office of the Central People’s Government in the Macao SAR and the bureaus and departments of the Macao SAR government for their unwavering support, and to Colbert and his professional team for bringing amazing pop art works to Macao.”

Philip Colbert has earned a global fanbase with his Lobster character and his hyper-pop history paintings. Full of energy, his paintings are a fusion of themes from old master paintings, contemporary art, and everyday symbols of mass culture. His bright artistic vision comes to life in his well-known Lobster character and its immense installations.

The exhibition’s larger-than-life installations and themed sculptures are concurrently showcased at five different locations in the city, including Macao Science Center waterfront, ‌‧ART Space at Macao Cultural Center, The Venetian Macao outdoor lagoon, and two Sands China’s revitalisation areas: the former Iec Long Firecracker Factory and Taipa Houses.

Colbert has held over 50 solo exhibitions around the world since 2014, many of them in Asia, including China, Japan, and Korea. He last visited Macao for Sands China’s exhibition for Art Macao 2023. For the 2024 Summer Olympics in Paris, he held a public exhibition of his giant Lobster sculptures at Station F.

Colbert said: “I’m so excited to be back to Macao and it’s such an honour to be the biggest artist takeover in the city’s history. I’m so grateful to the bureaus and departments of the Macao SAR government and Sands China for having a great ambition to help bring my artistic works to life on such a big scale. Macao is a city I have been inspired by from the first time I came. I really believe that Lobster would feel right at home in the city, and it is excited that we are going to unveil three permanent sculptures in the city – may Lobster’s dream live on in Macao forever!”

Coastal Fantasia: The Lobster King’s Vacation in Macao

From now until March 16, the Macao Science Center waterfront features a new 15-metre-high inflatable installation, Lobster Submarine, as well as four thematic art sculptures along the shore that accentuate the beauty of Macao’s distinctive coastline. At The Venetian^® Macao, visitors are greeted by an enormous, eye-catching 7-metre-high Lobster Flamingo, featuring The Lobster King floating in a bright pink flamingo ring in the waters of the outdoor lagoon.

Philip Colbert’s Solo Exhibition: “The Journey to the Lobster Planet Macao”

In order to expand Colbert’s artistic footprint into neighbouring community areas, Philip Colbert’s Solo Exhibition: “The Journey to the Lobster Planet Macao” is running now until Feb. 15 at‧ART Space at Macao Cultural Center 1F. Co-organised by Sands China, the Macao Cultural Affairs Bureau, and Colbert, the renowned artist’s inaugural solo exhibition in Macao has unveiled a collection of over 20 newly created artworks, ranging from oil paintings and sculptures, letting visitors discover the vibrancy of pop art in a museum ambiance.

Sands China’s Community Revitalization Series: “Philip Colbert’s Macao Art Tour”

Finally, residents and visitors can head to the former Iec Long Firecracker Factory and Taipa Houses to see Colbert’s artworks illuminate the historic sites from now until March 16 in Sands China’s Community Revitalization Series: “Philip Colbert’s Macao Art Tour.” Among the seven sculptures on display are a Lobster Firecracker and Lobster Cockerel specially crafted by Colbert by drawing inspiration from these two historic locations. This lively showcase is supported by the Cultural Affairs Bureau and the Macao Government Tourism Office.

In order to enhance the Lunar New Year ambiance for visitors during the festive season, Sands China is providing free lobster-themed fai chun by an on-site calligrapher and Chinese instrumental music performances at Iec Long for a limited time. Additionally, Sands China will host a sharing session for Macao art students to learn from Colbert Jan. 16 at‧ART Space.

Guests of honour at Wednesday’s opening ceremony at Macao Science Center waterfront were Bai Bing, deputy director-general of the Department of Publicity and Culture of the Liaison Office of the Central People’s Government in the Macao SAR; Leong Wai Man, president of the Cultural Affairs Bureau of the Macao SAR; Cheng Wai Tong, acting director of the Macao Government Tourism Office; Mok Ian Ian, president of the Board of Directors of Macao Science Center Limited; Colbert; Dr. Wong; Dave Sun, executive vice president and chief financial officer of Sands China Ltd. and managing director of Venetian Macau Limited; Wong Chio Fat, head of the shipping and seafarers department of the Marine and Water Bureau of the Macao SAR; Sou Hoi Chi, acting head of the department of cultural and recreational affairs and civic education of the Municipal Affairs Bureau of the Macao SAR; and Chan Weng Hei, acting head of the marine enforcement department of the Macao Customs Service.

Meanwhile, Philip Colbert’s Solo Exhibition: “The Journey to the Lobster Planet Macao” was inaugurated Wednesday at ‧ART Space, with an opening ceremony attended by Bai, Leong, Cheng, Colbert, Dr. Wong, and Sun.

For more details about Philip Colbert’s Coastal Fantasia: The Lobster King’s Vacation in Macao, visit https://en.sandsresortsmacao.com/sands-lifestyle/events/king-lobster-vacation-2025.html.

About Sands China Ltd.

Sands China Ltd. (Sands China or the Company) is incorporated in the Cayman Islands with limited liability and is listed on The Stock Exchange of Hong Kong Limited (HKEx: 1928). Sands China is the largest operator of integrated resorts in Macao. The Company’s integrated resorts on the Cotai Strip comprise The Venetian^® Macao, The Plaza^® Macao, The Parisian^® Macao and The Londoner^® Macao. The Company also owns and operates Sands^® Macao on the Macao peninsula. The Company’s portfolio features a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities; a wide range of restaurants; shopping malls; world-class entertainment at The Venetian Arena, The Londoner Arena, The Venetian Theatre, The Parisian Theatre, the Londoner Theatre and the Sands Theatre; and a high-speed Cotai Water Jet ferry service between Hong Kong and Macao. The Company’s Cotai Strip portfolio has the goal of contributing to Macao’s transformation into a world centre of tourism and leisure. Sands China is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS).

For more information, please visit www.sandschina.com.

About Philip Colbert

Living and working in London, Scotland-born Colbert is often referred to as the “godson of Andy Warhol.” He has attracted a global following for his cartoon lobster persona and his masterful hyper-pop history paintings. His works powerfully explore the patterns of contemporary digital culture and its relationship to a deeper art historical dialogue. “I became an artist when I became a Lobster,” he famously said.

With his energetic approach to painting and pop theory, his paintings cross high art themes from old master paintings and contemporary art theory with everyday symbols of mass contemporary culture, all narrated through the eyes of Colbert’s cartoon Lobster alter ego. He has been championed as a contemporary pop art master by art world figures such as Charles Saatchi & Simon De Pury.

Colbert famously staged an artistic intervention in 2022 ahead of the opening week of the 59th Venice Biennale with an inflatable lobster sculpture that floated along the Grand Canal. Since 2014, Colbert has held more than 50 solo exhibitions worldwide, having frequently appeared in Asia, including various cities in China, Japan, and Korea. Colbert paid his last visit to Macao for Sands China’s exhibition for Art Macao 2023. For the 2024 Summer Olympics in Paris, he held a public exhibition featuring his giant sculptures at Station F.

Media contacts:

Corporate Communications, Sands China Ltd.
Mabel Wu
Tel: +853 8118 2268
Email: mabel.wu@sands.com.mo 

Jesse Chiang
Tel: +853 8118 2054
Email: jesse.chiang@sands.com.mo

SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ — Mfive, a supplier specializing in road studs, is attracting attention in domestic and international markets for its excellent technology and products for road safety. Mfive is leading the way in enhancing the safety of drivers and pedestrians by developing road studs that operate reliably in various climates and environments.

Road studs are essential road safety facilities that play an important role in reducing traffic accident rates by guiding drivers and clearly defining road boundaries, even at night and in bad weather.

Mfive’s road studs generate electricity using solar energy and store it on their own, and their LED lamps automatically light up when dark. They are easy to install and maintain as they do not require electrical wiring, and they boast excellent visibility, strong durability, and corrosion resistance regardless of distance and structure. In particular, they are receiving positive reviews from road management agencies as they can operate stably for 7 to 8 years without battery replacement, reducing maintenance costs. In addition, they have been recognized as an Excellent Product by the Korea Public Procurement Service, further strengthening Mfive’s position in the domestic road safety market.

Mfive’s road studs perform particularly well in areas with heavy rainfall. While existing road studs may experience malfunction problems due to moisture and water, Mfive’s road studs feature maximum waterproofness and durability, ensuring stable operation. They have excellent visibility so they are bright and clear even on rain days, and they clearly define road boundaries for drivers, greatly improving safety.

In 2018, Mfive exported its Road Stud Hybrid MAS-8 to the Philippines and installed them in Dumaguete and dormitory towns located in Angeles. The Philippines is a tropical country with frequent rainfall and Mfive’s product was able to prove its outstanding performance by operating stably in such environment. This served as an opportunity to promote Mfive’s technology to the global market and is expected to serve as a stepping stone for advancing into overseas markets including Southeast Asia.

Mfive plans to continue improving product quality and developing innovative products for road safety. Based on its technological prowess and quality, Mfive is expected to establish itself as a road safety brand recognized not only in Korea but also in the global market.

http://www.mfive.co.kr

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — ShengShu Technology, a pioneer in generative video, is introducing a game-changing Vidu 2.0 update for its flagship video generation application Vidu. With 10 million users in just 100 days, Vidu and its latest update represents a critical benchmark as the industry’s fastest and the most affordable video generation platforms. Vidu 2.0 introduces the ability to generate a clip in under ten seconds, 55% cheaper than the industry’s average, and generate complex actions or props with just a single click.

With faster speeds, lower costs, and a user-friendly interface, Vidu 2.0 is the new milestone in ShengShu Technology’s ambitious roadmap for generative video. It marks a pivotal moment that introduces a new way to think about content. Vidu 2.0 lays the foundation for a future where next-generation AI-driven storytelling could adapt dynamically to every choice made by the user. Imagine a world where users might roleplay as a film’s protagonist, shaping the narrative through clicks, spoken commands, or camera interactions. Whether choosing to fight, flee, or join the antagonist, AI could generate a personalized storyline for every decision, offering an entirely new way to experience storytelling. And, this vision may sooner than later become a reality. Supported by continued reduced barriers to entry, this future will earmark a significant shift from a niche concept to mass adoption.

Vidu 2.0 Generates Videos in Under 10 Seconds, Without Sacrificing Quality

Until now, bringing this future even remotely within reach was considered unrealistic, as generating a single video could take tens of minutes or hours. With the Vidu 2.0 update, ShengShu Technology once again sets a new global standard for speed, without sacrificing video quality. At the core of this major update is the company’s breakthrough full-stack interference accelerator, stemming from its widely cited U-ViT research. In fact, with more than 10 million reference-to-videos generated in its first 100 days, Vidu’s 2.0 update is set to offer a rapid, cost-effective solution for on-the-fly A/B testing for creators, editors and brands. Vidu 2.0 empowers small businesses and aspiring editors with tools rivaling top-tier agencies, saving time and money — all within a single platform.

Generating Videos is 55% Cheaper on Vidu 2.0

With continuous improvements rolling out for Vidu, concerns around the rising cost of generating videos is in its heyday. Now, generating clips with Vidu 2.0 is dramatically cheaper than ever before. While the industry’s average cost of generating a clip is US $0.084 per second, Vidu has been optimized in this latest 2.0 update to cost an astounding US $0.0375. This is not only 55% less than the industry standard, but also 50% more affordable than Vidu 1.5.

Prompt ‘Templates’ Lower the Barrier to Entry

Rounding out the latest in major new updates, Vidu also aims to lower the barrier to entry, turning anyone into a one-tap ‘prompt engineer.’ Vidu 2.0’s new “Templates” feature offers a series of pre-set prompt templates that enable users to instantly add detailed actions or interactive props in their generated clips. For instance, in lieu of learning how to write a prompt for an outfit, it can simply be added with just a single click. The library of ‘Templates’ will be continuously updated to add new one-click prompts.

“Vidu 2.0 represents a significant leap forward in building a complete ecosystem of easy-to-use tools as we embark on the next phase for Vidu, which aims at an untapped opportunity in real-time co-creation,” said Jiayu Tang, CEO and co-founder of ShengShu Technology. “Vidu 2.0 features ultra-fast generation speeds, robust multimodal context handling, at a more affordable price that’s easier than ever to use. More importantly, these are the cornerstones that enable real-time content to be co-created by users or businesses, enabling them to immerse and better connect with their audiences.”

Vidu was the first video generation application to be made commercially available back in July 2024, which stemmed from ShengShu Technology’s highly cited research. In fact, the company has been a pioneer, of which the latest innovation was introduced in Vidu 1.5, which unveiled a Multiple-Entity Consistency feature; this enables users to seamlessly blend people, objects, and environments, even if they are completely unrelated, into a cohesive single video.

To learn more about Vidu, please visit https://www.vidu.com

About ShengShu Technology

Founded in March 2023, ShengShu Technology is a leading innovator in deep generative models, specializing in advanced diffusion probabilistic techniques. In 2022, ShengShu introduced the world’s first new technical framework, U-ViT, which explores the fusion of Diffusion Models and Transformer architectures for a wide assortment of multimodal generation tasks. ShengShu Technology made the leap from research to commercialization with the launch of its flagship product, Vidu, in July 2024. This AI video generator enables creators to bring their visions to life, whether for art design, game development, film post-production, or social content creation. Our mission is to develop the world’s most advanced multimodal generative models, seamlessly integrating text, images, videos, and 3D content. We are at the forefront of applying generative AI to art, design, gaming, filmmaking, and social media, with the goal of enhancing human creativity and productivity.

HAIKOU, China, Jan. 15, 2025 /PRNewswire/ — JX Luxventure Group Inc. (Nasdaq: JXG) (the “Company”), a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions, today announced that, on January 13, 2025, Jinxuan (Hainan) Holding Group Co., Ltd. (“JX Hainan”), a subsidiary of the Company, entered into and executed a 2025 Strategic Annual Cooperation Agreement (the “Agreement”) with  Hainan Cross-border E-Commerce Association (“HCEA”).  We anticipate that this Agreement will start a long-term strategic partnership collaboration between the parties, and that HCEA will  meet its target of selling US$20,000,000 worth of cross-borders products within one year, as stated in the Agreement.

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company, commented: “Hainan Free Trade Port has created remarkable opportunities for the cross-border e-commerce industry. We believe that this $20 million procurement order marks just the beginning for the Company to implement such an opportunity. Through technological innovation, resource integration, and compliance support, we will empower more small and medium-sized enterprises to access global markets, achieve sustainable growth, and bring new energy to the global trade ecosystem.”

About JX Luxventure Group Inc.

Headquartered in Haikou, China, JX Luxventure Group Inc. is a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions.  To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Group Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

• Masdar’s operational, under construction and advanced pipeline capacity grew from 20GW to 51GW between 2022 and end of 2024
• Landmark deals in Spain, Greece and the United States also helped double Masdar’s portfolio capacity
• Masdar deployed close to $8 billion in equity in 2024, in addition to raising over $4.5 billion of project financing across nine countries
• The UAE clean energy leader successfully developed seven major projects worldwide and inaugurated the largest wind farm in Central Asia

ABU DHABI, UAE, Jan. 15, 2025 /PRNewswire/ — Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader – has announced that it has significantly increased its overall renewable energy capacity by 150 percent to 51GW by the end of 2024, up from 20GW in 2022. This achievement establishes Masdar as a global clean energy leader and well on track to achieving its ambitious target of 100GW of renewable energy capacity by 2030.

Masdar’s Capacity Up By 150% to Over 50GW In Two Years

Masdar’s operational, under construction and advanced pipeline capacity grew from 20GW to 51GW between 2022 and the end of 2024. It comes as Masdar’s portfolio of operational, under construction and committed capacity also rose in just 12 months from 16.5GW to 32.6GW by end of 2024.

In 2024 alone, Masdar deployed close to $8 billion in equity investments and secured more than $4.5 billion of project financing across nine countries, enabling the development of projects totaling over 6.5GW of new capacity. These accomplishments reflect Masdar’s commitment to expanding its renewable energy portfolio while driving the global energy transformation.

Masdar’s growth was advanced by landmark acquisitions in Greece, Spain and the United States, strengthening the company’s presence in Europe and North America, as well as breaking ground on seven major projects worldwide. These included two BESS projects in the UK, two solar projects in Azerbaijan with a combined capacity of 760MW, and the 1.5GW Al Ajban Solar Project in the UAE.

Masdar also announced the financial close of six projects, including the 1.1GW Al Henakiyah Solar Power Plant and multi-utility AMAALA sustainable project in the Kingdom of Saudi Arabia, as well as 760MW solar projects Bilasuvar and Neftchala in Azerbaijan.

Additionally, Masdar signed a Power Purchase Agreement in December 2024 for the 2GW Sadawi project in Saudi Arabia, and inaugurated the 500MW Zarafshan Wind Farm in Uzbekistan, now the largest operation in Central Asia.  

The company successfully issued its second green bond, raising $1 billion, with a 4.6x oversubscription underscoring strong investor confidence in Masdar’s vision and performance. It came after Fitch upgraded Masdar’s credit rating to AA- from A+, demonstrating the confidence in the health of the company’s finances.

His Excellency Dr Sultan Ahmed Al Jaber, Chairman of Masdar, said: “With the steadfast support of the UAE Leadership, Masdar has grown over the last two decades from a pioneer in clean energy to one of the world’s biggest renewable energy companies. In 2024, we made significant progress by increasing our overall capacity to 51GW, more than half-way to meeting our 100GW by 2030 target. This is testament to a balanced growth strategy combining smart acquisitions and project development in our bid to become the world leader in clean energy. We are committed to the UAE Consensus and the global target of tripling renewable energy capacity by 2030 in our mission to supercharge the global energy transformation and ensure sustainable progress for all.”

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Masdar’s journey in 2024 represents the power of bold ambition paired with strategic action. By more than doubling our capacity in just two years, we have not only established our position as the world’s pure-play renewables leader but have expanded our ambition with key strategic acquisitions in the United States, Spain and Greece. We have also achieved significant progress on major projects worldwide, as we help to accelerate the global energy transformation. We are not only reaching milestones but setting new benchmarks for the industry as we work towards our 100GW target and cementing our reputation as the world’s trusted clean energy partner.”

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030.

For more information please visit: https://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar

About Masdar

Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 50 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

SHENZHEN, China, Jan. 15, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, announced its success in overcoming a new technical challenge—achieving precise quantum Computing in complex scenarios involving quantum oscillations. This groundbreaking achievement injects new momentum into the deep optimization and wide application of quantum circuits.

Focusing on a system of two superconducting qubits with unique characteristics, tightly coupled by fixed capacitors, the introduction of pulse technology acts like a double-edged sword. On one hand, it provides an effective means for controlling quantum states; on the other hand, it inevitably triggers quantum oscillation phenomena. Even slight parameter deviations, at the quantum scale, can cause dramatic fluctuations in the quantum state, leading to signal distortion, computational errors, and a series of other issues. In the face of this challenging problem, HOLO has innovatively integrated Quantum Fisher Information (QFI) with Hilbert-Schmidt Speed (HSS), creating a powerful toolset for quantum estimation. Quantum Fisher Information (QFI), known for its precise quantification of the ultimate limits of parameter estimation in quantum systems, acts as a high-precision “detector” in the quantum realm. It relies on meticulous measurements and deep analysis of quantum states, extracting system parameter information hidden within the quantum states through complex mathematical transformations and physical model construction. For example, in a specific quantum bit flip experiment, QFI can accurately track the parameter changes corresponding to each quantum state flip, providing solid data support for subsequent system optimization.

Complementing this, the Hilbert-Schmidt Speed (HSS) serves as a “speedometer” for the dynamic evolution of quantum systems. It focuses on the rate of evolution of a quantum system over time, revealing the system’s adaptation and response mechanisms to external disturbances, such as quantum oscillations triggered by pulse technology, by closely monitoring the gradient of quantum state changes at different moments. In experimental scenarios, when pulses induce quantum oscillations, HSS can capture the pace of quantum bit state updates in real-time, helping researchers discern when the quantum system is in a stable state and when it is approaching a critical point of uncontrollable instability.

HOLO conducts a comprehensive “scan” of the fixed capacitor-coupled dual superconducting qubit system. First, it performs detailed “grid-based” tuning of pulse technology parameters, gradually inducing quantum oscillation patterns of varying strengths and frequencies, simulating quantum state fluctuations in a real and complex environment. Simultaneously, high-sensitivity quantum state detection equipment is used to continuously collect real-time quantum bit state data, ensuring the timeliness and accuracy of the data. Leveraging the QFI and HSS analysis models constructed in earlier stages, massive amounts of experimental data are imported for deep exploration and repeated validation.

HOLO has discovered that even under harsh conditions where quantum oscillations are rampant, the precision of quantum estimation has still achieved a significant leap forward. Taking a typical algorithm in quantum computing—the Quantum Fourier Transform—as an example, after introducing HOLO’s quantum computing optimization scheme, the algorithm’s computational error rate was reduced compared to traditional methods, and computational efficiency was significantly enhanced. This means that in the design blueprint of quantum circuits, engineers can make more precise adjustments to the circuit structure based on more accurate quantum bit performance parameters, thereby avoiding the potential risks posed by quantum oscillations and enhancing the stability, reliability, and computational performance of quantum circuits.

Looking to the future, HOLO will continue to optimize the QFI and HSS technological tools, expanding their application boundaries in diverse quantum systems, helping quantum technology reach the public sooner and reshaping a new paradigm of scientific and technological life for humanity.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

LISHUI, China, Jan. 15, 2025 /PRNewswire/ — Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Company”) today announced that on January 15, 2025, TANH’s U.S. subsidiary, Gohomeway Group Inc., has been appointed Chair of the Home Furnishing Materials Committee under the American Chinese National Chamber of Commerce. This signifies Gohomeway’s rising prominence in the U.S. home furnishing and building materials sector and underscores TANH’s leadership in driving industry innovation.

This appointment solidifies Gohomeway’s industry standing while accelerating the development of its franchise system, marking a key milestone in TANH’s strategic expansion into the North American market. The recognition also reinforces TANH’s commitment to advancing global growth initiatives and fostering sustainable industry practices.

The compan’s CEO Mr.Yan Wangfeng stated, “This appointment represents a significant step in our global strategy, particularly in expanding our footprint in North America. Through Gohomeway, we aim to introduce cutting-edge home furnishing solutions to U.S. households, further promoting sustainable development across the industry.”

About Tantech Holdings Ltd

TANH is a professional high-tech enterprise focused on the production, research and development, and sales of home furnishing and building materials. With a well-established domestic and international sales and distribution network, the company has been active in the home furnishing and building materials industry since 2002, beginning with the manufacture of bamboo charcoal products for home use. In 2022, TANH further strengthened its presence in the North American market by establishing a wholly-owned subsidiary in the United States to enhance the R&D and sales of home furnishing and building materials.

The Company is fully ISO 90000 and ISO 14000 certified and has received a number of national, provincial and local honors, awards and certifications for its products and scientific research efforts. The Company’s subsidiary, First International Commercial Factoring (Shenzhen) Co., LTD, is engaged in commercial factoring for businesses in and related to its supply chain. For more information, please visit: https://tanhtech.com.

Forward-Looking Statements

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the sales, plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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Tantech Holdings Ltd
Investor Relations
Tel: +86 (578) 226-2305
ir@tantech.cn

SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ — NEXTBIOMEDICAL CO., LTD, a KOSDAQ-listed innovative medical device company in South Korea, proudly announced that it has received Investigational Device Exemption (IDE) approval from the U.S. Food and Drug Administration (FDA) for its clinical trial, named “RESORB”, featuring Nexsphere-F™.  Designed to alleviate pain in knee osteoarthritis patients, the fast resorbable embolic microsphere will undergo a multi-center trial in the United States for market approval, marking a significant milestone in its global expansion strategy.

Knee osteoarthritis (OA) is a debilitating condition affecting over 654 million people aged 40 and above globally, making it one of the leading causes of pain and disability among older adults ^[1]. While existing treatments, such as NSAIDs and hyaluronic acid injections, provide temporary relief, their long-term efficacy is limited, and side effects are a significant concern. The RESORB trial aims to address these unmet needs by introducing a more sustainable and patient-friendly solution through Genicular Artery Embolization (GAE) and Nexsphere-F™.

RESORB is a multicenter, randomized, open-label study designed to assess how Nexsphere-F™ performs in alleviating pain and improving mobility in patients with knee osteoarthritis. The trial will enroll participants across leading healthcare institutions in the United States, focusing on the novel approach of GAE to treat OA-related symptoms.

Dr.  Ziv J Haskal FSIR FAHA FCIRSE, Professor of Interventional Radiology at the University of Virginia and national Principal Investigator for RESORB, stated that “Nexsphere-F™ has already received CE-MDD approval for use in arthritis embolization, and has proven its superior safety and efficacy in thousands of musculoskeletal embolization patients in Asia and Europe.” The company is actively seeking and securing its clinical trial sites for the U.S. Pivotal trial now.

Additionally, CEO Dr. Don Haeng Lee emphasized that obtaining FDA approval for Nexsphere-F™ marks a pivotal milestone for the company, reflecting its commitment to advancing innovative medical solutions. He expressed pride in the successful completion of the essential IDE approval and shared optimism that the upcoming RESORB clinical trial will proceed seamlessly, paving the way for timely FDA approval. He further highlighted the company’s vision of making Nexsphere-F™ available globally to improve the quality of life for arthritis patients worldwide.

About Nexsphere-F™

Nexsphere-F™ is a fast-resorbable microsphere designed for endovascular embolization procedure. Composed of hydrophilic material, it is utilized in arterial embolization in conjunction with a contrast medium. Upon injection through a microcatheter, Nexsphere-F™ microspheres swell to precisely block the target blood vessels, temporarily cutting off the blood supply to the tissues. Over a defined period, the microspheres maintain their embolization effect to facilitate therapeutic outcomes, after which they are completely resorbed by the body. This unique resorption capability ensures biocompatibility, reduces the risk of complications, offering a safe and effective treatment option.  
https://youtu.be/L4SoG3p_DDA?si=Kv7qBfRYAkfifXxN

About NEXTBIOMEDICAL

NEXTBIOMEDICAL specializes in the development of innovative therapeutic materials utilizing advanced drug delivery system. The company focuses on the research and development and manufacturing the drug-device combination products tailored to address significant clinical unmet needs. 

One of NEXTBIOMEDICAL’s flagship innovations is Nexpowder®, an advanced hemostatic powder that has received FDA approval for its effectiveness in achieving rapid and reliable bleeding control. Utilizing proprietary polymer-based technology, Nexpowder® adheres to bleeding surfaces to form a stable, durable barrier, ensuring efficient hemostasis.

Through continuous investment in R&D aimed at high-demand medical challenges, NEXTBIOMEDICAL strives to become a global leader in life-saving solutions, offering groundbreaking treatments that transform patient care and meet the evolving needs of the clinical field.

https://www.nextbiomedical.co.kr/en/

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