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Axiad Applauded by Frost & Sullivan for Providing Phishing-resistant Authentication with PKI-based Authentication

Axiad’s PKI-based authentication enables scalability and flexibility in large-scale enterprise environments, elevates user experience and streamlines user access control

SAN ANTONIO, Feb. 25, 2025 /PRNewswire/ — Frost & Sullivan recently analyzed the public key infrastructure (PKI)-based authentication industry and, based on its research, recognizes Axiad with the 2025 Global Customer Value Leadership Award. The company, originally founded as an integrator of Identity and Access Management (IAM) technologies, began by developing and deploying Personal Identity Verification (PIV) and Common Access Cards (CAC) for the United States government. It has continued to innovate with the changing landscape of cybersecurity, offering flexible, scalable solutions to meet the needs of modern organizations. Now focused on managing credentials at scale across diverse hardware types and network platforms, Axiad’s offerings have evolved into a comprehensive credential management toolset providing multiple cloud-based and on-premises options. The company also supports the growing demand for machine identities and the need to manage temporary identities, allowing organizations the flexibility needed to cover all its credential use cases.

Axiad’s PKI-based authentication supports automated certificate issuance and validation, makes it easier for organizations to implement and enforce security policies, complies with various regulatory standards and industry best practices and offers unique experiences across heterogeneous environments. PKI supports digital signatures, which help verify that the information has not been tampered with during transmission, providing confidentiality and integrity to data exchanges. As the frequency and complexity of cyber threats evolve, PKI-based authentication offers a robust, future-proof solution for securing digital interactions seamlessly and efficiently. Axiad Conductor helps organizations manage credentials through a cloud-based enterprise PKI system, supporting various authentication methods like passkeys, hardware tokens or embedded device-bound certificates. The platform supports integrations with hardware devices from vendors such as Yubico, Thales, and Feitian for provisioning and credential management, as well as with PKI solutions and identity providers (IDPs) like Okta, Ping and One Identity.

Ozgun Pelit, senior industry analyst for Frost & Sullivan, observed, “Axiad serves organizations that face challenges with managing both on-premises and cloud infrastructures, which often operate in silos. Many Axiad customers are typically in the process of moving to the cloud and modernizing their infrastructure but find themselves stuck between two worlds, with some resources on the cloud and others still on-premises. Axiad’s solution helps properly bridge this gap, unifying both environments.”

Axiad’s offering focuses on integrating machine identities alongside user authentication and workflows. This means machine identities, whether used by individual users or deployed within an organization’s environment, are seamlessly managed in conjunction with user credentials. Axiad provides organizations with a consistent authentication experience across different platforms, including operating systems, on-prem and cloud applications. Axiad Conductor simplifies this process by offering a unified authentication approach for applications, users and hardware, ensuring a seamless and consistent experience regardless of the credentials. Axiad simplifies the authentication process by templatizing options and streamlining credential management to assist organizations and users with no PKI expertise. Additionally, Axiad offers self-issuance capabilities through its portal, allowing users to view, manage and issue new identities when required. While Axiad serves a variety of verticals, its core customer type includes regulated industries such as financial services, health insurance, critical infrastructure and federal agencies.  

“Axiad helps customers manage their authentication needs independently, offering professional services or assistance for new configurations or specific requirements,” added Ozgun. “Its PKI-based authentication offers truly phishing-resistant security, flexibility and scalability by providing a centralized, unified approach. Through an evaluation of Axiad’s security and authentication offerings, Axiad proves itself a reliable partner for organizations in their journey to infrastructure modernization.”

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:
Camila Tinajero
P: +54911 6713 2748
E: Camila.Tinajero@frost.com

About Axiad
Axiad is an identity security company tackling the critical threats posed by compromised credentials, which account for more than 70% of enterprise breaches. As human and non-human identities multiply across disparate systems, traditional IAM tools fall short, leaving organizations with fragmented visibility and significant security gaps. Axiad bridges this divide by uncovering hidden identity risks and credential vulnerabilities, providing actionable insights to strengthen security—without requiring a complete system overhaul. Our solutions integrate seamlessly with existing IAM infrastructures, enabling organizations to shrink their attack surface and adopt phishing-resistant, strong authentication methods. At Axiad, we make identity security simple, effective and real for a passwordless, more secure world. Discover more at axiad.com or follow us on LinkedIn.

Media Contact:
Meghan Locke
Three Rings Inc.
413-627-5335
axiad@threeringsinc.com 

RoboSense Achieves Milestone with Production and Delivery of Its 1 Millionth LiDAR

SHENZHEN, China, Feb. 25, 2025 /PRNewswire/ — On February 21, RoboSense (2498.HK), an AI-driven robotics technology company that supplies industry-leading incremental components and solutions for the robotics market, held a ceremony in Shenzhen to celebrate the production of its 1 millionth LiDAR unit. On February 24, the LiDAR was officially delivered to Humanoid Robot (Shanghai) Co., Ltd. This milestone marks RoboSense as the first company in the world to achieve the production of 1 million high-beam LiDAR units.

The E1R LiDAR, affixed with a custom "1,000,000ᵗʰ" commemorative plaque.
The E1R LiDAR, affixed with a custom “1,000,000ᵗʰ” commemorative plaque.

On the same day, the off-line ceremony took place at RoboSense’s Beta Manufacturing Base in Nanshan, Shenzhen. Workers affixed a custom commemorative plaque reading “1,000,000ᵗʰ” to a newly produced fully solid-state digital LiDAR E1R that had just rolled off the production line, and gathered the relevant production line staff for a group photo. After the ceremony, the E1R and commemorative plaque were immediately shipped to their next destination—Pudong, Shanghai.

The Off-line Ceremony for RoboSense's 1 Millionth LiDAR Took Place at the Beta Factory.
The Off-line Ceremony for RoboSense’s 1 Millionth LiDAR Took Place at the Beta Factory.

On February 24, RoboSense officially delivered its 1 millionth LiDAR E1R to Humanoid Robot (Shanghai) Co., Ltd for integration into the full-size general-purpose humanoid robot “Qinglong”.

The
The “Qinglong” humanoid robot is equipped with RoboSense’s 1 millionth LiDAR E1R.

At the delivery site, Xing Boyang, the R&D Director of the Humanoid Robot (Shanghai) Co., Ltd, stated, “Congratulations to RoboSense on the production of its 1 millionth LiDAR. The National and Local Co-built Humanoid Robotics Innovation Center has already adopted RoboSense’s E1R for collaborative product development on the ‘Qinglong’ humanoid robot’s public version.”

“Qinglong” is the world’s first full-size open-source humanoid robot, independently developed by Humanoid Robot (Shanghai) Co., Ltd (National and Local Co-built Humanoid Robotics Innovation Center). It features a highly biomimetic torso structure and humanoid motion control, supporting multimodal mobility, perception, interaction, and manipulation. The robot boasts up to 43 active degrees of freedom, with a peak joint torque of 400 N•m and computing power of 400 TOPs. It can walk at a speed of 1 m/s while carrying a 40 kg load.

Humanoid Robot (Shanghai) Co., Ltd is one of RoboSense’s solid partners in the humanoid robotics industry. Through the E1R and a series of technical supports, RoboSense will assist in accelerating the development and deployment of the “Qinglong” for various multi-scenario tasks.

Since the beginning of this year, the AI robotics industry, represented by humanoid robots, has experienced rapid growth and is expected to usher in large-scale commercial applications. Based on its hardware technology and AI algorithm capabilities accumulated over the past decade in the wave of automotive intelligence, RoboSense officially launched its robotics platform strategy at the beginning of this year, positioning itself as a “robotics technology platform company” to provide incremental components and solutions for the AI robotics industry. At the same time, RoboSense unveiled its first batch of innovative products, including LiDAR products such as the E1R and Airy for robotics, as well as new robot vision products like the Active Camera and the dexterous hand Papert 2.0, which will safeguard the AI robotics industry’s growth and commercial deployment.

Guided by its mission to create a “Safer world, Smarter life,” RoboSense remains committed to advancing the AI robotics industry alongside its partners.

 

Cedro Participações signs concession contract for the Port of Itaguaí at an event with President Lula and Minister Silvio Costa Filho

The company will be the first 100% Brazilian mining company to verticalize its operations and intends to invest R$3.6 billion in the project

MINAS GERAIS, Brazil, Feb. 25, 2025 /PRNewswire/ — Last Friday (21), Cedro Participações signed the concession contract for the Port of Itaguaí, in Rio de Janeiro. The event was attended by President Luiz Inácio Lula da Silva and the Minister of Ports and Airports, Silvio Costa Filho.


During the ceremony, the Chairman of the Board of Directors of Cedro Participações, Lucas Kallas, highlighted the importance of the port in increasing the competitiveness of Brazilian mining activity.

“This new route will increase the competitiveness of Brazilian mining on the global stage and, at the same time, bring significant benefits to the environment and the country’s infrastructure. Thanks to this move, we will remove five thousand trucks per day from the roads and reduce CO2 emissions by more than 40 thousand tons”, he stated.

The company plans to invest R$3.6 billion in the area that will be used to build a storage and handling terminal for mineral bulk solids. The site known as “Porto do Meio” will have the capacity to move 20 million tons per year in an area of approximately 350 thousand square meters.

“We will invest R$3.6 billion in the new port terminal alone, which will generate 2,800 direct and indirect jobs during its construction. And another 2.8 thousand when it will start operating, generating income and boosting the social development of the surrounding communities. The railway branch and terminal will require more than 1.5 billion reais in private investments”, Lucas Kallas affirmed.

President Luiz Inácio Lula da Silva praised Cedro and Lucas Kallas’ courage in investing in the country.

“I would like to thank the entrepreneur Lucas who decided to invest here. I learned from my mother that when we want to know if someone is honest and hard-working, we don’t have to pay attention to their mouth, we have to pay attention to their eyes. And regarding my friend Lucas, since he was brought to my office saying he wanted to invest in the country’s mining industry, I discovered right away that I was talking to a serious businessman, who loves Brazil and supports its growth”, he said.

Cedro will also use the terminal to export pellet feed, a high-quality iron ore capable of reducing carbon emissions in the steel industry by up to 50%.

For Fabiano Carvalho, Commercial Vice President, Strategy and Projects at Cedro Participações, the terminal operation suits the company’s commitments to sustainable mining.

“This port is all about sustainability, it will respect all the best environmental practices in its construction and operation and, in addition, it will allow high-quality ore to be exported and shipped from Brazil to the Middle East and Asia“, he remarked.

Construction work will begin in 2027 and operations are expected to begin in 2029. The investment makes Cedro Participações the first 100% Brazilian, privately held iron mining company to verticalize its operations and have an outlet to the sea.

The Minister of Ports and Airports, Silvio Costa Filho, emphasized the development that the construction works of the terminal will bring to the Itaguaí region.

“This is the largest auction in the history of Brazilian ports, with initial investments of R$3.6 billion, which over the years will reach almost R$10 billion in investments. This means that now during the construction phase, 2,800 direct and indirect jobs will be created, bringing opportunities to the people of the region”, he stated.

The Minister of Labor, Luiz Marinho (PT), underscored the recovery of jobs in the port area during Lula’s governments. “In the last two years (2023 and 2024), we have generated more than 2 million and 100 thousand jobs with signed contracts in the country”, he declared. The Minister highlighted the country’s solidity and its growth in income and employment, and criticized the pessimism about the Brazilian economy. “We will grow once again and have a positive employment balance”, he said.

Brazil has been in a growing process of generating employment. In Brazil, presided over by President Lula, all workers will have opportunities in our country, in formal or informal economic activities. Anyone who wants to endeavour, will have the government’s support. Anyone who wants to work formally, will definitely and preferably also have the government’s support”, he stated.

 

Riyadh Air and IBM to build AI-driven enterprise, to elevate guest and employee experiences

  • Agreement will see Riyadh Air leverage IBM watsonx and IBM Consulting solutions to drive Riyadh Air’s vision as the world’s first digital native airline
  • The collaboration aims to help power the Saudi Arabian airline’s mission to launch flights in 2025 while offering an elevated guest experience

RIYADH, Saudi Arabia, Feb. 25, 2025 /PRNewswire/ — Today, IBM (NYSE: IBM) announced a new agreement with Riyadh Air, which will integrate watsonx, IBM’s portfolio of AI products, and IBM Consulting AI solutions to establish an enterprise-wide AI capability to elevate Riyadh Air guest and employee experiences.  As Riyadh Air prepares for its inaugural flights in late 2025, the new Saudi Arabian airline sets another key building block of its journey in redefining air travel as the world’s first digital native carrier.

Adam Boukadida, Riyadh Air Chief Financial Officer, and Mohamad Ali, SVP and Head of IBM Consulting, at FII PRIORITY MIAMI 2025 Summit
Adam Boukadida, Riyadh Air Chief Financial Officer, and Mohamad Ali, SVP and Head of IBM Consulting, at FII PRIORITY MIAMI 2025 Summit

The announcement took place at the third edition of The FII PRIORITY Miami 2025 Summit, where senior executives from both IBM and Riyadh Air, including Adam Boukadida, Riyadh Air Chief Financial Officer, and Mohamad Ali, SVP and Head of IBM Consulting, reaffirmed their commitment to driving innovation in the aviation sector. 

Building a world-class airline requires more than just aircraft and infrastructure; it demands an intelligent digital foundation that anticipates passenger needs, streamlines operations, and empowers employees. Riyadh Air is embracing this challenge by making AI the driving force behind its transformation.

“Riyadh Air is more than just an airline; it is a gateway to new opportunities for travelers from the Kingdom and beyond,” said Adam Boukadida, Riyadh Air Chief Financial Officer. “As we move closer to our first flight later in 2025, our vision is to deliver a seamless, world-class travel experience by expanding our reach, pioneering innovations, and redefining industry standards. By deepening our collaboration with IBM, we are harnessing the power of AI, from intelligent customer interactions to optimized flight operations, to set a new benchmark for the future of aviation.”

This agreement aims to strengthen Riyadh Air’s position as a truly digital-native airline, building on IBM’s AI-driven products and solutions together with IBM Consulting as its lead systems integrator. watsonx, IBM’s portfolio of AI products, will serve as the foundation for Riyadh Air’s AI platform, driving mission-critical functions and fostering open innovation with multi-model AI. The new platform will be built with a focus on  data security, privacy, regulatory compliance, and responsible AI adoption. Riyadh Air will also leverage Agentic AI to deploy autonomous bots to enable seamless and personalized system interactions.

IBM will oversee the installation and deployment of watsonx, as well as develop AI use cases utilizing IBM Garage methodology to drive automation and digital transformation.

With IBM Consulting Advantage, an AI-powered delivery platform, Riyadh Air will deploy AI solutions to boost efficiency and service, including AI-powered Virtual Assistants for customer and employee self-service.

“By embedding watsonx at the core of its operations, Riyadh Air is taking an AI-first approach to redefine air travel and set new industry standards as the world’s first digital-native airline,” said Mohamad Ali, Senior Vice President and Head of IBM Consulting. “Together we are supercharging our teams with AI to enhance traveler experiences, optimize operations, and shape the future of aviation in Saudi Arabia and beyond.”

The airline’s decision to partner with IBM Consulting and watsonx was driven by IBM’s strong track record in AI transformation, backed by successful past engagements with Riyadh Air that established trust and credibility. IBM’s immersive engagement model played a key role in the expanded relationship. Hands-on AI workshops  showcased real-world benefits for guests and employees, and IBM offered AI technology and enterprise services into an integrated solution tailored to Riyadh Air’s digital goals. Additionally, IBM Consulting Advantage allows Riyadh Air employees and IBM consultants to work side by side to deliver rapid innovation, scalable solutions, and accelerated value helping Riyadh Air shape next-generation travel experiences.

Riyadh Air’s AI-driven strategy aligns with Saudi Arabia’s Vision 2030, which aims to serve 330 million passengers annually by 2030, positioning the Kingdom as a global aviation hub. By embedding AI across its ecosystem, Riyadh Air sets a new industry benchmark as a truly digital-native airline. This collaboration with IBM marks a transformative leap forward, enabling a comprehensive, intelligent, and highly personalized travel experience designed to anticipate and adapt to the evolving needs of travelers worldwide.

About Riyadh Air
Riyadh Air is a world-class airline owned by the Public Investment Fund (PIF). Launched in March 2023, the airline will be a digitally-led, full service airline that adopts the best global sustainability and safety practices across its advanced fleet of aircraft. Riyadh Air will equip its aircrafts with the most advanced, state-of-the-art features with innovative, best-in-class cabin interiors and experiences, including next generation digital in-flight entertainment systems and connectivity solutions. Riyadh Air will connect guests to over 100 destinations around the world by 2030 through offering an exceptional guest experience with an authentic, warm Saudi hospitality at its heart. 

For more information please visit our website: www.riyadhair.com – and for any media inquiries please contact us at: media@riyadhair.com

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.

Visit www.ibm.com for more information.

IBM media contact:
Aymen Alfaraj
IBM Communciations
Aymen.Alfaraj@ibm.com 

IBM Corporation logo.
IBM Corporation logo.

 

Altair Joins the Piedmont Aerospace Cluster

Altair technology to fuel innovation and the future of aerospace

TROY, Mich., Feb. 25, 2025 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has been selected to join the Piedmont Aerospace Cluster. As a member, Altair will contribute to several of the Cluster’s innovative projects and strategic initiatives.

Altair has been selected to join the Piedmont Aerospace Cluster, fueling innovation and the future of aerospace.
Altair has been selected to join the Piedmont Aerospace Cluster, fueling innovation and the future of aerospace.

In aerospace, supply chains play a crucial role, as optimizing them requires companies with deep knowledge of the processes and methods of a highly regulated, quality-driven industry. As one of the world’s leading providers of technologies for the digitalization of engineering, testing, manufacturing, and maintenance, Altair will benefit the Cluster by providing indispensable tools and expertise for digital engineering and the application of artificial intelligence (AI) for the development, production, and maintenance of aircraft and subsystems.

Altair has deep roots within Piedmont and Turin, where we have had our Italian headquarters for more than 20 years. Throughout that time, we have established close relationships with the world’s leading aerospace companies,” said Pietro Cervellera, senior vice president of aerospace and defense, Altair. “Joining the Cluster is our way of strengthening our bond with the region, its universities, and its businesses within the aerospace ecosystem.”

“We are pleased to welcome Altair to the Cluster, which already includes among its members some of the most innovative aerospace companies in our country,” said Fulvia Quagliotti, president, Piedmont Aerospace Cluster. “Simulation, data analytics, and AI are essential elements for aerospace organizations of all types.”

The Cluster is a nonprofit organization established in 2005 to enhance the competitiveness of Piedmont’s aerospace industry, guaranteeing coordination and long-term vision for public and private investment in technological innovation. The Cluster is one of the founders of the National Aerospace Technology Cluster (CTNA), which federates Italy’s leading aerospace hubs and brings together all the key players in the national aerospace system, including public authorities, universities and research centers, companies, and more. Its mission is to promote innovation, training, and encourage the development and growth of the region’s excellence.

To learn more about Altair’s aerospace solutions, visit https://altair.com/aerospace. To learn more about the Cluster, visit https://www.distrettoaerospazialepiemonte.com/en/about-us/.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

Media contacts

Altair Corporate                   

Altair Investor Relations

Bridget Hagan                     

Stephen Palmtag

+1.216.769.2658                   

+1.669.328.9111

corp-newsroom@altair.com         

ir@altair.com

Altair Europe/The Middle East/Africa 

Altair Asia-Pacific

Louise Wilce                                       

Man Wang

+44 (0)7392 437 635

86-21-5016635,,825

emea-newsroom@altair.com               

apac-newsroom@altair.com

 

Plume’s New 5G.11 Offload Helps Communications Service Providers Boost Cellular Coverage and Reduce Costs

PALO ALTO, Calif., Feb. 25, 2025 /PRNewswire/ — Plume, the pioneer in cloud-based platform services focused on enriching subscriber experiences for Communications Service Providers (CSPs), today announced the expansion of its 5G.11 cellular and WiFi convergence services.

Plume’s 5G.11 Offload combines two data connection types (5G/cellular and 802.11/WiFi).  5G.11 Offload is a service for mobile network operators to easily offload their subscribers’ mobile traffic onto existing WiFi networks. They can do this by implementing their service across their own subscriber WiFi networks, deploying gateways across public spaces where they operate, or by signing agreements with other WiFi operators.

“The enhanced 5G.11 Offload transforms how CSPs can leverage their existing WiFi infrastructure,” said Robert Gary, Head of Consumer Products at Plume. “By intelligently managing the handoff between cellular and WiFi networks, we’re helping providers deliver better coverage while significantly reducing their operational costs.”

The service’s key benefits include:

  • Reducing CSP Mobile Virtual Network Operator (MVNO) data usage costs through efficient WiFi offload
  • Expanding indoor mobile coverage without additional cellular infrastructure
  • Optimizing subscriber quality-of-experience with dynamic handoff algorithms
  • Monitoring network performance in real-time with automated alerts
  • Protecting subscriber internet bandwidth through smart-resource allocation

The solution is delivered through Plume’s Consumer Experience Management (CEM) platform and OpenSync-enabled WiFi routers, autonomously switching mobile devices between cellular and WiFi connections based on performance, availability, and reliability metrics.

For CSPs operating as Mobile Virtual Network Operators (MVNOs), the platform offers immediate cost savings by reducing cellular data usage fees. Network operators benefit from lower capital and operating expenses by optimizing their licensed spectrum usage. Observability of mass scale deployment efficacy is monitored through key performance indicators (KPIs) to prioritize CSP network build outs and preemptively improve quality of experience (QoE) for their subscribers.

Plume’s 5G.11 Offload is available for immediate deployment. To learn more or arrange for a demo contact: sales@plume.com.

Read more here.

Media queries: corporatecomms@plume.com

About Plume
Plume is the creator of the world’s first SaaS experience platform for communications service providers (CSPs) and their subscribers, deployed in more than 60 million locations globally. As the only open and hardware-independent, cloud-controlled solution, Plume enables the rapid delivery of new services for smart homes, small businesses and beyond, at massive scale. On the front end, Plume delivers self-optimizing, adaptive WiFi, cybersecurity, access, parental controls and more. CSPs get robust data- and AI-driven back-end applications for unprecedented visibility, insights, support, operations and marketing. Plume leverages OpenSync®, an open-source framework that comes pre-integrated and supported on the leading silicon, CPE and platform SDKs.

Plume, OpenSync, WorkPass, HomePass, Uprise and Haystack are either trademarks or registered trademarks of Plume Design, Inc. Other company and product names are used for informational purposes only and may be trademarks of their respective owners.

Visit us: plume.com.
Follow us: LinkedIn and Instagram.

Euro Tech Holdings Company Limited Reports Contracts Awarded to PACT

HONG KONG, Feb. 25, 2025 /PRNewswire/ — Euro Tech Holdings Company Limited (Nasdaq: CLWT) today announced that its majority-owned subsidiary, Yixing PACT Environmental Technology Company Ltd. (“PACT”) has recently been awarded two contracts worth approximately US$2.2 million in total. One project is to provide a turnkey industrial water treatment solution for a renowned UK pharmaceutical company to treat industrial wastewater from their inhalation aerosols manufacturing plant in Qingdao, China. The project is expected to be completed by June 2026.

In addition to the wastewater treatment contract, the company has also been awarded a Ballast Water Treatment port reception system contract. The purpose is to treat the ballast water at the port for a Chinese state-owned shipping and logistics company, which owns a harbor port on Hainan Island. This project is expected to be completed by June 2025.

These two contracts cover design, supply, fabrication, installation, and commissioning at the respective sites.

Certain statements in this news release regarding the Company’s expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company’s offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company’s own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the “Risk Factor” discussions in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2023.

SUNHOME to Debut Smart Residential Energy System for Global Markets in Thailand

BANGKOK, Feb. 25, 2025 /PRNewswire/ — SUNHOME, a technology brand in smart residential energy sector, is set to unveil its latest innovations at a global launch event in Thailand on February 27. Under the theme “Bright Tomorrow Starts Today,” the event will introduce SUNHOME’s all-in-one comprehensive home energy system, marking a significant advancement in how households generate and manage energy.

Introducing Smart, Sustainable Energy Systems

As global energy demands rise and environmental concerns intensify, the shift toward renewable energy has become imperative. Smart residential energy systems offer families energy independence, provide long-term economic benefits, and make sustainable living both practical and accessible.

SUNHOME’s advanced, all-in-one residential energy system combines solar energy generation, smart storage, efficient charging, and AI-driven energy management. Tailored for various housing types—including villas, townhouses, and apartments—these systems enable 100% self-consumption of renewable energy, effectively reducing electricity costs and promoting sustainability.

“With our deep expertise in smart energy sector, we are committed to empowering households with technology that enhances energy efficiency while supporting a cleaner planet,” said Winson Jiao, President of SUNHOME Global. “Our global expansion reflects our dedication to meeting the growing demand for intelligent, reliable, and eco-friendly home energy solutions.”

SUNHOME’s ‘Power-Magic Cube’ technology platform features high-efficiency solar power generation and AI-driven optimization, ensuring maximum energy output while adapting to local grids. These technologies contribute to global carbon neutrality efforts, supporting regional sustainability goals and the broader transition toward a cleaner energy future.

By offering a comprehensive service ecosystem—from system design and financing to installation, maintenance, and upgrades—SUNHOME ensures a seamless user experience. Its commitment to customized systems means households worldwide will benefit from energy systems tailored to different climate conditions, grid infrastructures, and policy frameworks.

About SUNHOME

Founded in 2013, SUNHOME is a technology brand in global smart residential energy sector, offering smart residential energy systems integrating photovoltaic, energy storage, EV charger, and energy management.

As a pioneer with over a decade of expertise in home energy field, we focus on full-stack self-developed power plant technology as our core innovation. This enables us to build a comprehensive service system covering solar power generation, smart energy storage, efficient charging, and energy management, empowering households worldwide to seamlessly embrace a green and smart energy lifestyle.

For more information, visit www.sunhomeplant.com or contact:

marketing@sunhome.com