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Beyond Digital, Resilience Empowers AI-Infused Finance

— Huawei Launches AI-Powered R-A-A-S Framework to Accelerate Financial Institutions’ Comprehensive Digital and Intelligent Transformation in AI Era

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — At MWC Barcelona 2025, Huawei unveiled its value proposition ‘Beyond Digital, Resilience Empowers AI-Infused Finance’ and launched an AI-powered R-A-A-S (Reliability, Availability, Autonomy, and Security) framework. Using Huawei’s ICT products, solutions, and services, this framework aims to help financial institutions build extremely resilient infrastructure and accelerate their comprehensive digital and intelligent transformation in the AI era.

Financial Industry’s Leap into the AI Era

Jason Cao, CEO of Huawei Digital Finance BU, elaborated in his opening speech at Huawei’s finance forum, “AI development is unstoppable, and financial innovation never ends. The global financial industry has transitioned from Doing Digital to Doing AI. AI is being integrated into core financial workflows, profoundly transforming front, middle, and back offices and architectures. However, AI also poses unprecedented challenges to financial infrastructure. Without adequate resilience, we cannot transition from digital to intelligent. We must seize AI opportunities for business innovation while enhancing infrastructure construction to ensure resilience in the AI era.”

Jason Cao, CEO of Huawei Digital Finance BU, delivers an opening speech
Jason Cao, CEO of Huawei Digital Finance BU, delivers an opening speech

Beyond Digital, Resilience Empowers AI-Infused Finance

In his keynote speech at the forum, Alvin Feng, Director of Global Marketing and Solution Sales, Huawei Digital Finance BU, noted, “AI’s rapid advancement creates both opportunities and challenges, which will require higher infrastructure standards. Based on the 4 Zeros (Zero Downtime, Zero Wait, Zero Trust, Zero Touch) goals announced at MWC 2024, Huawei is releasing the AI-powered R-A-A-S framework. This will form an extremely resilient digital foundation for finance with the four features of Reliability, Availability, Autonomy, and Security.”

1. Reliability ensures zero data loss through multi-copy storage, real-time synchronization, and cross-domain coordination of storage, computing, and network.

2. Availability minimizes service interruptions with cell-based databases, microservice clusters, and multi-center multi-active cloud services, ensuring 99.999% system availability.

3. Autonomy achieves zero human errors, 1-minute fault identification, 5-minute fault location, and 10-minute fault rectification. In increasingly complex IT environments, our digital twin and AI technologies enable intelligent simulation, observation, location, and rectification, forming an AIOps system across multiple vendors and domains including cloud, network, and security.

4. Security enables an in-depth defense system powered by AI, through terminal-edge-cloud collaboration, cloud-storage-network collaboration, and unified security policy management. This system can rapidly identify and block cyber attacks within seconds to ensure data security.

Huawei provides AI-powered R-A-A-S framework design services, as well as full-stack product solutions including computing, storage, network, and cloud, to help our financial customers build extremely resilient infrastructure in the AI era.

Alvin Feng, Director of Global Marketing and Solution Sales, Huawei Digital Finance BU
Alvin Feng, Director of Global Marketing and Solution Sales, Huawei Digital Finance BU

To date, Huawei has served 53 of the world’s top 100 banks, covering over 3700 financial customers in more than 80 countries and regions.

For more Huawei intelligent finance solutions, please visit:

https://e.huawei.com/en/industries/finance

Primech AI Launches Global Robotics as a Service (RaaS) Initiative with Chinachem Group Partnership

Pioneering AI-Powered Cleaning Technology Deployment Marks Strategic Expansion into Hong Kong Market


SINGAPORE – Media OutReach Newswire – 4 March 2025 – Primech AI Pte. Ltd. (“Primech AI”) or (the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), is proud to announce the launch of its innovative Robotics as a Service (RaaS) business line, revolutionizing the cleaning solutions industry. This strategic initiative addresses critical industry challenges including labor shortages, hygiene standards, and operational costs through proprietary AI-driven technology.

Figure 1: Nina Tower 1 in Hong Kong, where Primech AI's HYTRON will be deployed.
Figure 1: Nina Tower 1 in Hong Kong, where Primech AI’s HYTRON will be deployed.

As part of this global expansion strategy, Primech AI has signed a Memorandum of Understanding (MoU) with CCG Property Services, a subsidiary of Hong Kong’s leading property developer Chinachem Group, to deploy HYTRON, an AI-powered fully automated toilet cleaning robot, in selected facilities managed by CCG Property Services in Hong Kong.

The deployment of HYTRON marks the initial phase of Primech AI’s bold initiative to roll out 300 cleaning robots across Singapore, Hong Kong, and Dubai. This expansion reinforces the company’s position as a technology leader in autonomous cleaning solutions for facility services and sanitation.

“This collaboration marks a significant milestone in our global expansion of our Robotics as a Service solution,” said Charles Ng, Chief Operating Officer of Primech AI. “While our cleaning services continue to serve the Singapore market, we are extending the Raas business model making it accessible internationally, beginning with this strategic partnership in Hong Kong’s premier property portfolio.”

Under the two-year MoU, Primech AI will supply and install HYTRON robots in designated facilities, including the iconic Nina Tower 1, with comprehensive maintenance, technical support, and staff training. CCG Property Services will integrate the robots into daily operations, showcasing HYTRON’s capabilities in elevating cleanliness standards and operational efficiency.

Primech AI envisions a long-term expansion of HYTRON into additional global markets, including Australia, Europe, and the United States, bringing cutting-edge cleaning solutions to more regions worldwide. Beyond this initial deployment, the company also plans to extend its Robotics-as-a-Service (RaaS) offering to these markets, further enhancing accessibility of its advanced cleaning technology on a global scale.

“Beyond advancing automation in the traditional cleaning industry, this deployment marks a significant milestone for Primech Holdings Limited. It demonstrates our ability to expand internationally and provide cutting-edge cleaning solutions across borders. By working with esteemed partners like Chinachem Group and CCG Property Services, we are proving that our technology is not only effective but also scalable on a global level. This is just the beginning of our vision to redefine commercial cleaning through AI and robotics.” said Kin Wai Ho, CEO of Primech Holdings Limited. This initiative underscores Primech Holdings’ commitment to transforming the cleaning industry through advanced technology while expanding its global footprint beyond its traditional Singapore base.

Primech AI’s self-developed HYTRON bathroom cleaning robot is integrated with advanced NVIDIA technology. The latest HYTRON model incorporated the NVIDIA Jetson Orin Nano Super, a state-of-the-art System-on-Module (SoM) designed for robust edge AI and robotics applications. The HYTRON robot also uses a suite of NVIDIA software, including CUDA, CuDNN, TensorRT, and NVIDIA Driver, to optimize its AI capabilities. This combination of hardware and software allows HYTRON to deliver superior processing speed, efficiency, and reliability in its cleaning tasks.

Hashtag: #PrimechHoldings #PrimechAI #Technology #Robotics #HYTRON #BathroomCleaningRobot #AI #Ninatower #Nvidia




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

About Chinachem Group

Founded in 1960, Chinachem Group is a private real estate company in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sales and investment, in addition to operating hotels and property management services as well as elderly services.

Dedicated to making better places to live, work and raise future generations in Hong Kong and beyond, the Group seeks to deliver lasting commercial, social and environmental benefits.

Please visit

About Primech Holdings Limited

Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit .

About Primech AI

Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit .

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Company Contact:
Email:

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email:

Exclusive Look Inside Binance Blockchain Week: New Docuseries Reveals All

DUBAI, UAE, March 4, 2025 /PRNewswire/ — Binance, the global blockchain ecosystem behind the largest crypto exchange by trading volume, announced the launch of the first episode of its docuseries, ‘Building the Future: Inside Binance Blockchain Week’ on its official YouTube channel. This docuseries offers an unfiltered, behind-the-scenes glimpse into one of the most significant crypto events of last year: Binance Blockchain Week 2024.

Building the Future: Exclusive Behind-the-Scenes Look at Binance Blockchain Week 2024 – A Global Gathering of Industry Leaders, Innovators, and Crypto Enthusiasts in Dubai. Watch the Full Docuseries on Binance's YouTube Channel.
Building the Future: Exclusive Behind-the-Scenes Look at Binance Blockchain Week 2024 – A Global Gathering of Industry Leaders, Innovators, and Crypto Enthusiasts in Dubai. Watch the Full Docuseries on Binance’s YouTube Channel.

Set against the vibrant city of Dubai, the docuseries captures the excitement and energy of Binance Blockchain Week, which took place in October last year. Dubai, known as an epicenter for crypto innovation, provided the perfect backdrop for this landmark event. Industry leaders, famous personalities, innovators, and enthusiasts gathered in the Coca-Cola Arena to shape the future of blockchain. The event also marked the return of Binance Founder Changpeng Zhao (CZ) to the public spotlight, coinciding with the beginning of a market comeback, adding an extra layer of significance to the occasion.

Rachel Conlan, Chief Marketing Officer of Binance, shared: “Binance Blockchain Week is about so much more than just Binance. It’s a celebration of the entire crypto ecosystem and the incredible power of community. This event really shows how crypto is bringing people together from all over the world.”

“We’re excited to be releasing this docuseries today, which captures the heart and soul of our shared vision for a decentralized future. Binance Blockchain Week has grown significantly since we first organized it back in 2019, and it is humbling to see the event grow alongside our community numbers. Through it all, our mission remains the same: to unite people and provide a welcoming platform for everyone to learn about crypto and blockchain technology,” she added.

The two-part docuseries captures the meticulous preparation and execution of the event, diving into the heart of what makes Binance Blockchain Week a cornerstone crypto event that attracts some of the biggest players in the blockchain industry. The premiere episode, now available on the official Binance YouTube channel, features exclusive interviews with key figures such as Binance’s CEO Richard Teng, Co-Founder Yi He, Chief Marketing Officer Rachel Conlan, and more.

Viewers can also expect candid behind-the-scenes moments, scenic shots of the iconic Dubai skylines, and the transformation of the Coca-Cola Arena into a crypto utopia. First-hand shots of brainstorming sessions, floor plans, and last-minute adjustments are also captured, including reactions to the surprise announcement of Binance founder Changpeng Zhao’s appearance.

Binance Blockchain Week has quickly grown to become a pivotal event in the blockchain and crypto industry. The long-term vision is to shape Binance Blockchain Week into becoming the ‘Davos of Crypto.’ The most recent event in Dubai was fully sold out, welcoming almost 5,000 attendees, featuring more than 200 speakers, with over 50 sponsors, and reaching millions more tuning in through Binance Live streams.

The first part of ‘Building the Future: Inside Binance Blockchain Week’ docuseries is now available on the official Binance YouTube channel. Individuals with Amazon Prime, Amazon MX Player and Shahid membership can also enjoy immediate access to the complete two-part docuseries starting today.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 260 million people in 100+ countries for its industry-leading trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.

For more information, visit: https://www.binance.com

LITEON Assembles Global Team for 2025 MWC, Partners with 8 Industry Leaders and Unveils Innovative Energy-Efficient 5G ORAN, AI, and Smart Surveillance Solutions

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — LITEON Technology participates in the 2025 Mobile World Congress in Barcelona, Spain, for the third consecutive year. Under the theme “One Partner. All Solutions,” LITEON collaborates with eight international partners to showcase their energy-efficient 5G O-RAN, AI, and intelligent surveillance.

LITEON Technology participates in 2025 MWC, partnering with 8 industry leaders to unveil innovative solutions.
LITEON Technology participates in 2025 MWC, partnering with 8 industry leaders to unveil innovative solutions.

At 2025 MWC, LITEON showcases its diverse 5G ecosystem partnerships. Highlights in the 5G ORAN (Accelerate ORAN) segment include:

  • Collaboration with Vodafone on 5G O-RAN and AI image recognition for smart livestock farming.
  • Joint demonstration of high-speed ORAN with Software Radio Systems (SRS) portable, scalable srsRAN Enterprise solution.
  • 5G cloud intelligent software control solution with BubbleRAN.
  • Integrated O-RAN turnkey solutions with Aespula, Flectory, and Lanner.
  • Demonstration with Keysight Technologies on energy-efficient 5G ORAN products certified by ETSI and ORAN Security.

LITEON also showcases its 5G private network base station solutions (Simplify MPN) series in collaboration with several renowned companies, including:

  • Collaboration with NTT EAST on an all-in-one 5G small cell and SMO platform, integrating the RAN Intelligent Controller (RIC) to optimize real-time small cell operations, reducing power consumption by approximately 65%.
  • Joint demonstration with CampusGenius on 5G remote automation for supply chains, significantly enhancing logistics efficiency.
  • Three-way collaboration with Yonsei University and Yberg on 5G smart factory applications, leveraging 5G’s high-speed, low-latency advantages to improve smart factory robotic arms and AI applications, exemplifying Industry 4.0 combined with 5G.

For the first time at MWC, LITEON presents its Smart Life AIoT solutions, featuring AI facial recognition, intelligent access control systems, and the AI Vision intelligent surveillance system for real-time detection feedback.

Anson Chiu, President of LITEON, states, “This year marks LITEON’s 50th anniversary. We are committed to technology development and sustainability. LITEON integrates networking, 5G, intelligent surveillance, and AI to provide advanced IoT products, helping global enterprises achieve high-performance and energy-saving applications.”

Richard Chiang, General Manager of Smart Life Application SBU, adds, “LITEON showcases 5G O-RAN hardware and software integration results, meeting diverse customer needs from enterprise to home use. We aim to build new heights of 5G with global partners, sharing a win-win situation.”

LITEON continues to invest in network infrastructure and hardware-software integration, striving to provide secure, energy-efficient and high-efficiency 5G solutions. We aim to strengthen network communication technologies, actively supporting the critical needs of customers.

MDJM Announces the Launch of Its E-Commerce Platform

LETHAM, Scotland, March 4, 2025 /PRNewswire/ — MDJM LTD (Nasdaq: UOKA) (the “Company” or “MDJM”), an integrated global culture-driven asset management company, today announced the launch of its e-commerce platform, managed by MD Local Global Limited, a wholly owned subsidiary of MDJM LTD in the United Kingdom, now live at www.uokaus.com. Designed to integrate commerce with cultural heritage, the platform features handcrafted products that reflect craftsmanship, artistic traditions, and ethical values. This initiative aligns with MDJM’s broader efforts to expand its commercial presence, highlight historical significance, and support cultural appreciation and craftsmanship-based retail.

The platform is structured as more than a marketplace, aiming to provide products that carry historical and cultural significance beyond material function. Each item is selected for its artistic authenticity, craftsmanship, and cultural depth, offering consumers an opportunity to own pieces that reflect heritage and traditional values.

MDJM intends to collaborate with artisans, designers, and craftsmen from around the world whose work aligns with its commitment to preserving traditional craftsmanship and promoting ethical business principles. The Company anticipates developing a diverse collection that represents various artistic traditions through such collaborations.

The newly launched platform serves a global audience and is designed to offer quality lifestyle products that embody the Company’s values. Through carefully curated selections, the Company seeks to share these principles worldwide through the platform, providing consumers with products that celebrate tradition, cultural heritage, and craftsmanship, offering consumers access to goods consistent with this vision. The Company believes that thoughtful consumer choices contribute to preserving these values, supporting artisans, and fostering a marketplace that upholds its cultural heritage.

“The launch of this platform is expected to contribute to MDJM’s long-term strategy by expanding its footprint in cultural commerce,” said Mr. Siping Xu, Chairman and Chief Executive Officer of MDJM. “Through this platform, we aim to bridge tradition and innovation by curating a marketplace that upholds artistic integrity and thoughtful design aligned with our long-term vision.”

About MDJM LTD

MDJM LTD is a global culture-driven asset management company focused on transforming historical properties into cultural hubs that integrate modern digital technology with rich historical value. The Company has been expanding its operations in the UK, where it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in England. These properties are being remodeled into multi-functional cultural venues that will feature fine dining, hospitality services, art exhibitions, and cultural exchange events. As part of its broader strategy, MDJM seeks to position itself as a hub for artisan exchanges, art shows, and sales, leveraging its historical properties as platforms for promoting Eastern and Western cultural exchanges. This initiative reflects the Company’s commitment to furthering its global market expansion and enhancing its cultural business footprint. For more information regarding the Company, please visit https://www.ir-uoka.com/.

Forward-Looking Statements

This announcement contains forward-looking statements. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.

Investor Contact:

Sherry Zheng
WAVECREST GROUP INC.
Phone: +1 718-213-7386

TECHTRONIC INDUSTRIES DELIVERS OUTSTANDING FINANCIAL RESULTS IN 2024

GROWING SALES TO US$14.6 billion, FREE CASH FLOW INCREASED TO US$1.6 billion

HONG KONG, March 4, 2025 /PRNewswire/ — Global cordless power tool, outdoor power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: HK:0669, ADR symbol: TTNDY) is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2024. TTI delivered record sales of US$14.6 billion in 2024, growing 6.8% in local currency and 6.5% at reported rates. MILWAUKEE continued to extend its dominant market leadership position with sales growth of 11.6% in local currency and RYOBI also delivered tremendous results, growing 6.4% in local currency.

  • TTI delivered outstanding financial results in 2024, growing sales 6.8% in local currency to US$14.6 billion and generating record Free Cash Flow of US$1.6 billion.
  • In local currency, our Flagship MILWAUKEE business grew 11.6% and RYOBI grew 6.4%.
  • TTI finished 2024 with total net debt of US$44 million and gearing of 0.7%.

Financial Performance Highlights for 2024

2024*

US$’

million

2023

US$’

million

Changes

Revenue

14,622

13,731

+6.5 %

Gross profit margin

40.3 %

39.5 %

+85 bps

EBIT

1,270

1,135

+11.9 %

Profit attributable to Owners of the Company

1,122

976

+14.9 %

Basic earnings per share (US cents)

61.43

53.36

+15.1 %

Free Cash Flow

1,591

1,281

+310 m

Dividend per share (approx. US cents)

29.09

24.84

+ 17.1 %

*For the year ended December 31, 2024

 

Gross margin improved 85 bps to 40.3% in 2024. This improvement is the result of a higher mix of MILWAUKEE branded business, aftermarket battery sales, and highly innovative margin accretive new products across our core verticals. EBIT grew 11.9% to US$1,270 million. Net profit improved 14.9% to US$1,122 million, reflecting a 31.9% reduction in net interest expenses from 2023. Earnings per share also improved 15.1% to US61.43 cents. TTI improved working capital 322 bps in 2024 to 14.4%. Based on its rigorous working capital controls and processes, the Group will be targeting a working capital range between 14% to 16% as a percentage of sales in the future.   

TTI delivered record sales of US$14.6 billion in 2024, growing 6.8% in local currency and 6.5% at reported rates. Our Flagship MILWAUKEE business continued to extend its dominant market leadership position with sales growth of 11.6% in local currency. RYOBI, the #1 consumer battery-powered tool and outdoor brand globally, also delivered tremendous results, growing 6.4% in local currency. The remaining businesses decreased sales by 14% compared to 2023 as we focused on plans to increase profitability in these areas.

The Board is recommending a final dividend of HK118.00 cents (approximately US15.19 cents) per share. Together, with the interim dividend of HK108.00 cents (approximately US13.90 cents) per share, this will result in a full-year dividend of HK226.00 cents (approximately US29.09 cents) per share.

Mr. Horst Pudwill, Chairman of TTI, said, “We are extremely proud of our financial performance in 2024, which would not have been possible without the efforts of our outstanding global team. With gearing of 0.7% at year end 2024, our balance sheet is extremely healthy. In 2025, we will continue our mission of cordless domination, bringing disruptive technology and innovative design to the market, while delivering outstanding financial results.”

Mr. Steven P. Richman, CEO of TTI, commented, “Our exceptional world-class team and culture is the reason for these tremendous financial results. Our talented people across the globe have worked together as one team, with incredible dedication to continue to grow TTI’s financial results, partner with our outstanding customers, and develop our powerful brands. We look forward to our continued success in 2025 and beyond.”

Forward-Looking Statements
This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI’s views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement.

About TTI 
Techtronic Industries Company Limited (“TTI” or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 45,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina).

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.

MWC Barcelona 2025: Huawei Unveils Global Showcases Alongside Customers and Launches 10 Industry Solutions with Partners

– Vision to Action: Accelerating Industrial Intelligence

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — During MWC Barcelona 2025, Huawei held the Industrial Digital and Intelligent Transformation Summit 2025, bringing together global customers and partners to explore innovative industrial digital and intelligent transformation practices. Together with its industry customers, Huawei unveiled 83 global showcases for industrial digital & intelligent transformation for 71 key scenarios. In addition, Huawei and its partners jointly launched 10 major solutions to accelerate intelligent transformation across various industries such as public sectors, education, finance, electric power, transportation, oil and gas, chemicals, and retail.

Huawei proposed four key pathways to accelerate industrial intelligence

Huawei believes that global industries are rapidly advancing towards intelligence and are poised to be among the greatest beneficiaries of the AI era. In his keynote speech, Leo Chen, Huawei’s Corporate Senior Vice President and the President of Enterprise Sales, highlighted the four key pathways that are essential to accelerating intelligent transformation across industries. He stated, “Firstly, we must deeply integrate technologies into industry scenarios and build a target ICT architecture for industrial intelligent transformation based on industry requirements, pain points, and development stages. Secondly, we need to build advanced, AI-oriented ICT infrastructure to support the exponential growth of AI workloads. Thirdly, we must develop high-performance AI products that seamlessly integrate with open-source models, enhance AI development toolchains, and collaborate with industry partners, enabling AI to shift from technical showmanship to broad, inclusive accessibility, accelerating transformation in industries like healthcare and education. And fourthly, we must train ICT talent in a more targeted manner.”

Leo Chen, Corporate Senior Vice President, President of Enterprise Sales, Huawei
Leo Chen, Corporate Senior Vice President, President of Enterprise Sales, Huawei

The Lighthouse that guides industries forward: Huawei launched 83 global showcases and 10 major solutions for industrial intelligence

Huawei takes action to demonstrate its commitment to offering customers first-hand experience. In collaboration with global customers across various industries, Huawei unveiled 83 global showcases, spanning 71 key scenarios of industrial digital and intelligent transformation. These showcases are open to customers worldwide, providing a valuable reference for their transformation journey.

Moreover, Huawei continuously deepens its collaboration with partners across industries and jointly innovates with them. At the summit, Huawei launched 10 major solutions jointly developed with its partners to expedite industrial intelligence: the Inclusive Connectivity – Digital Village Solution, Public Services Digitalization Solution, Digital Training Solution, Financial Data Center Resilience Solution, Intelligent Distribution Solution 2.0, Smart Railway Yard & Station Solution, Intelligent Multi-level Port Operation Management Solution, Intelligent Central Processing Facilities Solution, Intelligent Chemical Solution, and Smart Retail Solution 2.0.

To better empower inclusive AI adoption in every industry, Huawei launched AI inference appliances which support over 50 mainstream large models. By deploying these AI appliances, industry customers can access and deploy AI applications more easily and advance towards a more intelligent future.

To cultivate ICT talent who integrates industry scenarios and technologies, Huawei also launched the Industry Elites in the ICT Classroom Program for enterprise customers; and the Leading ICT Talent Cultivation Program for universities.

In collaboration with global customers across various industries, Huawei unveiled 83 global showcases
In collaboration with global customers across various industries, Huawei unveiled 83 global showcases

Global customers and partners share innovative practices

Ciyong Zou, Deputy to the Director General and the Managing Director of the Directorate of Technical Cooperation and Sustainable Industrial Development, UNIDO, delivered the opening remarks at the event, stating that “UNIDO-Huawei collaboration is a testament to the power of multi-stakeholder cooperation. Huawei has been instrumental in the AIM Global, playing a key role in accelerating the sustainable adoption of cutting-edge technologies. These partnerships reinforce our shared belief that technology must serve humanity—not the other way around. As we look ahead, three principles must guide us: equity, sustainability, and collaboration. Equity ensures that digital transformation benefits all, sustainability ensures that technology contributes to a greener future, and collaboration ensures that no country, industry, or entrepreneur is left behind.”

Mahmoud Bin Ahmed, CCO, Integrated Dawiyat, pointed out that “As a subsidiary of the SEC, Dawiyat is a fully integrated digital infrastructure provider, we take fibers as strategic assets to support SEC for highly reliable digital power services and Saudi Arabia 10Gbps society strategy. One fiber for multi services can empower more than power, we commit to provide smart grid communication with premium user experience and leverage our world-leading neutral infrastructure for digital economy growth in Saudi Arabia.”

Gil Brasileiro Fernandes, ICT Services Manager, Petrobras, pointed out that “For Petrobras, digital innovation is not just a choice, but the path to a more efficient, safer, and sustainable future. Petrobras believes that we can only achieve digitalization by investing in robust and scalable infrastructure to support digital operations; prioritizing solutions that enhance efficiency and safety in operations; using intelligent devices to promote mobility and collaboration and transforming connectivity into a competitive advantage.”

Miguel López-Valverde, Minister for Digitalization of the Community of Madrid, Spain, said that: “To address the digital transformation process, Comunidad de Madrid, through the Digitalization Strategy 2023-2026, has reformulated its vision, mission and values, with a clear orientation towards citizens and businesses, making them the true protagonists. Comunidad de Madrid will be the leading digitalization region in Europe.”

Guillaume Portier, EVP, VusionGroup, said: ” At VusionGroup, we aim to help build a more sustainable future by digitizing physical stores, as they play a pivotal role in this respect. By partnering with Huawei, we design innovations that serve this purpose, driving a greater impact for business and society. “

Pioneering the in-depth integration of digital and intelligent technologies and industry scenarios

The 1200 m2 Huawei Enterprise Business exhibition area features three themes: Accelerating Industrial Intelligence, Innovative ICT Infrastructure, and Partner Collaboration for Mutual Success. The exhibition highlights the deep integration of digital and intelligent technologies with industries, and the joint innovations and practices by Huawei, as well as its global partners and customers.

Additionally, Huawei held a special event for its partners in the commercial market and distribution business, showcasing solutions for common scenarios, AI appliances, tools and digital platforms that support easy maintenance and service delivery, as well as a simulated HUAWEI eKit store. This allowed commercial partners and engineers an exclusive and immersive experience through interactive and in-depth exchanges.

MWC Barcelona 2025 is held at Fira Gran Via in Barcelona, Spain from March 3 to March 6. During the event, Huawei Enterprise Business exhibits under the theme of Accelerating Industrial Intelligence, with its booth at Stand 1H50 in Hall 1. For more details, please visit https://e.huawei.com/eu/events/branding/mwc.

IRCAI and AWS Expand the Compute for Climate Fellowship Program and Opens Applications for 2025

The program funds proof of concepts for new ideas leveraging advanced cloud computing, including generative AI, to solve some of the biggest challenges in the fight against climate change

LJUBLJANA, Slovenia, March 4, 2025 /PRNewswire/ — The International Research Centre on Artificial Intelligence (IRCAI), an organization under the auspices of UNESCO, and Amazon Web Services, Inc. (AWS) today announced that applications are now open for the 2025 Compute for Climate Fellowship, a global program that fully funds research and development (R&D) projects from startups using advanced cloud computing and artificial intelligence (AI) to develop new solutions designed to help fight climate change. This year, the program is expanding to select 20 startups from around the world to get their proof-of-concepts built for free—up from eight in 2024 and four in 2023—with mentorship of AWS and IRCAI’s experts. 

IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025
IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025

“It wasn’t simple, but we managed to supercharge the startups with both resources and knowledge, and now we are taking it even further,” said Davor Orlic, Chief Operating Officer of IRCAI. “By expanding the Compute for Climate Fellowship, we are not only increasing the number of selected startups but also broadening the scope of climate solutions they can tackle, and the applicability of AI in the climate space. Innovation happens when bold ideas meet the right support, and we are committed to providing that foundation to drive real environmental impact.”

“With the effects of the climate crisis intensifying, it is imperative that we support the development of a broad set of approaches to bring new climate solutions to life—that’s why we are expanding the scope of the Compute for Climate Fellowship to accept a larger number of startups,” said Lisbeth Kaufman, Head of Climate Tech Startups Business Development at AWS. “From fusion energy, to smarter grids, to generative AI models to discover climate resilient plants, and deep-sea drones to map the ocean, we’ve seen how advanced cloud computing and AI can unlock new possibilities for a more sustainable future. We are doubling down in 2025, and providing more visionary founders the resources and mentorship they need to turn bold ideas into lasting impact.”

Applications for the 2025 Compute for Climate Fellowship will be open starting today until April 6, 2025. Climate tech startups, entrepreneurs, and researchers from around the world are welcome to submit ideas that leverage advanced computing technologies to address climate change mitigation or adaptation. In addition to the eight focus areas the fellowship has covered in the past—clean energy, low carbon transportation, sustainable agriculture and food, circular economy (industry and manufacturing), sustainable buildings, greenhouse gas management, carbon removal, and environment and climate risk (water, pollution, and biodiversity)—this year, the program is also expanding the scope of proposals to cover a new key area: Indigenous solutions to the climate crisis. 

Indigenous communities are disproportionately affected by climate change. At the same time, they often have holistic understanding of ecosystems and ancestral knowledge of harmonious practices of coexistence with nature and biodiversity, which makes the uniquely positioned to create innovative solutions to climate issues. The fellowship recognizes indigenous people as leaders in addressing the climate crisis and will support innovators in these communities in its 2025 cohort. 

Startups selected to participate in the Compute for Climate Fellowship, will receive funding, technical resources, mentorship, and access to both AWS technologies and IRCAI’s research capabilities in order to build their proof of concepts (POCs). This time, AWS will offer up to $4 million in AWS credits to support the build of selected POCs through the Compute for Climate Fellowship. The selection process will prioritize projects that can be completed in 2–3 months, think big, and offer potential for significant environmental benefits, scalability and alignment with the United Nations Sustainable Development Goals.

Lasting Impact Around the Globe

Among the 12 tech-forward startups that have participated in the Compute for Climate Fellowship since its launch in 2023 is RealtaFusion, startups incubated at the University of Wisconsin-Madison, which has built a fusion energy device that achieved a world record-breaking plasma generation last year—an incredible milestone in harnessing nuclear fusion as a new source of clean energy. “The Compute for Climate Fellowship has helped us accelerate the development of a first-of-its-kind plasma stability simulation, which had never been done in the cloud before the program,” said Kieran Furlong, CEO and Co-founder of Realta Fusion. “Only a handful of supercomputers in the world are able to handle these simulations, and the ones available to us had a long waitlist. The fellowship significantly accelerated our research and development.”

Based out of France, the startup Cosma is using underwater micro-drones and AI to deliver scalable, cost-effective environmental surveys for sustainable ocean management, providing high-resolution data for offshore energy and environmental consulting projects. “In addition to interacting with talented AI innovators from across the globe, the Compute for Climate Fellowship provided us with the cloud resources and expertise we needed to develop our first Rare Benthic Species detection algorithm. This proved a game changer in marine biology as it opened the door to quantitative inventory and repeatable monitoring of seabed biocenosis”, said Frédéric Mittaine, CEO and Counder of Cosma.

Startups that apply but are not selected to join the program will have access to up to $5,000 in AWS credits through the AWS Activate program, as well as free workshops and training on how to use AWS advanced computing services to build their solutions. They will also be invited to join the IRCAI Industrial Club.

Applications can be submitted here.