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Special Integrated Logistics Zone Company (SILZ) Announces Groundbreaking of Lenovo’s New Manufacturing Facility at Riyadh Integrated

RIYADH, Saudi Arabia, March 5, 2025 /PRNewswire/ — The Special Integrated Logistics Zone (SILZ) Company proudly announces the groundbreaking of Lenovo’s new state-of-the-art manufacturing facility at Riyadh Integrated to build millions of Saudi-Made laptops and desktops, as well as servers.

Alat and Lenovo's groundbreaking moment to build a 200,000 sqm facility at Riyadh Integrated, which is operated and developed by the Special Integrated Logistics Zone (SILZ).
Alat and Lenovo’s groundbreaking moment to build a 200,000 sqm facility at Riyadh Integrated, which is operated and developed by the Special Integrated Logistics Zone (SILZ).

The manufacturing facility will be built on a 200,000 square meter site and is strategically located just 15 minutes from King Khalid International Airport within Riyadh Integrated Logistics Zone, the factory will benefit from streamlined logistics, efficient infrastructure, and seamless connectivity, and be closer to customers across the Middle East and North Africa (MENA) region.

This initiative is the result of a strategic collaboration between Alat and Lenovo, an innovative Public Investment Fund company committed to transforming global industries and establishing a world-class manufacturing hub in the Kingdom. Alat’s role as an investment partner highlights its dedication to boosting the capabilities of the technological sector in Saudi Arabia, further contributing to Lenovo’s supply chain excellence, which is ranked #10 globally by Gartner.

Dr. Fadi Al-Buhairan, Chief Executive Officer of SILZ, stated: “Welcoming Lenovo to Riyadh Integrated  solidifies our position as a leading hub for advanced manufacturing and technology in the region. The groundbreaking ceremony, in collaboration with Alat, marks a pivotal moment for Saudi Arabia’s technology sector. Lenovo’s choice to establish its manufacturing base here demonstrates their confidence in Riyadh Integrated world-class infrastructure and strategic location as a gateway to the MENA market. We are confident that this partnership will generate significant employment, stimulate economic growth, and contribute extensively to Saudi Vision 2030’s objectives”.

Scheduled to begin production in 2026, the new facility will complement Lenovo’s global manufacturing network and utilize Riyadh Integrated’s cutting-edge facilities to bring its industry-leading products, services, and solutions to market more swiftly. This collaboration between Alat and Lenovo is expected to create up to 15,000 direct jobs and 45,000 indirect jobs, significantly benefiting the Saudi economy and aligning with the broader initiative to develop a thriving technology ecosystem within the Kingdom.

 

 

Huawei Launches Four Innovative All-Optical Solutions to Build AI-Centric F5.5G All-Optical Networks for a Win-Win in the Intelligent Era

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — At the Green All-Optical Network Forum held during MWC 25 in Barcelona, Kim Jin, Vice President of Huawei Optical Product Line, launched four innovative all-optical solutions, aiming to help global operators to build AI-centric F5.5G All-Optical networks to achieve a win-win in the intelligent era.

Kim Jin, Vice President of Huawei Optical Product Line
Kim Jin, Vice President of Huawei Optical Product Line

The global AI industry is booming, accelerating the commercial use of 10 Gbit/s home broadband and 1 ms all-optical metro networks. Huawei’s innovative solutions can provide end-to-end network implementation tools for global operators.

Optical access network: As AI is booming, COs need to be upgraded to 50G PON to provide ubiquitous 10GE access. Huawei launched the industry’s first intelligent OLT solution MA5800T X17 last year. Now we bring X15, X8 and X2 to match different capacity requirements. They have the industry’s highest T-level forwarding capability and support high-density 50G PON, enabling operators to build one-time networks to support evolution in the next decade. The port density is 16, supporting one-to-one inventory replacement. The new FAN Intelligent Engine architecture works with NCE to support application-level private line services, cross-user Wi-Fi optimization, and on-demand computing power scheduling, helping operators achieve “Network as A Service”.

Metro network: Last year Huawei launched the AI-oriented All-optical Metro Architecture, to enable 1 millisecond latency for both DCA and DCI. Now we bring the industry’s highest-speed single-wavelength 2T board solution. With new TFLN modulator, the single-wavelength capacity is increased from 1.6 Tbit/s to 2 Tbit/s, reducing the cost per bit by 20%. With the ocean current power saving algorithm, it can automatically shut down the idle circuit based on real-time traffic, saving power consumption up to 50%. With the latency pre-detection and planning, it can proactively detect fiber latency, support latency map view and navigator for AI services planning.

Backbone network: The OSN 9800 K series released last year is the industry’s first DC-oriented OTN solution. Now we introduced K12, supporting more scenarios with smaller shelf. Through enhanced FEC algorithm, K12 can get 30% better performance and 1000km longer for 800G. It shortens optical rerouting time from 10 seconds to within 50 milliseconds with fiber spectrum for Hybrid ASON, reducing optimal cost while maintain 99.9999% availability network. Last, hitless switching, by introducing dual-fed dual-receive, and fast deduplication algorithm to ensure the AI computing efficiency.

Intelligent Management and Control: Huawei iMaster NCE introduces AI for intelligent management and control. For all-optical access, HBB Agent can proactively identify poor quality in advance and automatically rectify faults within 1 minute, reducing user complaints by 60%. For all-optical transmission, the digital map can proactively identify network and service risks, and automatically shoot the trouble in 15 minutes.

“AI is rapidly changing the world and bringing unprecedented opportunities for optical networks,” said Kim Jin. “Huawei continuously innovates to help operators build AI-Centric F5.5G All-Optical Networks with high quality and efficiency, and seize new opportunities.”

SKF launches updated brand to increase stakeholder value

GOTHENBURG, Sweden, March 5, 2025 /PRNewswire/ — For over 100 years, SKF is recognized as a leader in products and solutions that reduce friction. Now, the company is stepping up its efforts, not just reducing friction but actively fighting it to move the world forward. The aim is to make industry smarter, more competitive, and more energy-efficient, ultimately contributing to a more sustainable society where more can be done with less. 

To align the brand with today’s offering and values, SKF is making subtle but significant changes to its brand. The updated brand reflects the business SKF has become, helping the Group to further stand out in the industry, attract more customers, and drive profitable growth. 

“Our brand is the accumulation of everything we do – innovations, values, people, reputation, communication and our desired future state. From a business perspective, we are building favorability among current and potential customers, employees, investors, partners, and beyond. It is a way of earning our place in the world while staying true to our values and purpose,” says Rickard Gustafson, President and CEO. 

The new brand strategy builds on SKF’s historical, current, and future strengths, refining communication to tell a bigger story. This new direction aims to bridge the gap between SKF’s extensive impact on the world and public perception, which means highlighting the Group’s commitment to innovation, sustainability, and industry leadership.  

“Only a few companies in the world can reduce friction like SKF. Wherever there is rotation, we show up – from bicycles to high-speed trains, from paper mills to washing machines. A fantastic position to have, but also an inspiring story still to be told. We have been fighting friction since 1907 and today it is more relevant than ever before”, says Per Nilsson, Director Communication. 

The refreshed brand identity is bolder and more modern, yet unmistakably SKF. It includes a subtly redesigned logo, a fresher blue, a new typeface, and more distinctive photography. As part of the update, SKF will also provide better marketing support for distributors, including a redesigned distributor identity that is simpler, more consistent, and easier to recognize.  

“Through almost 120 years of innovation, we’ve developed products and solutions that reduce friction. Now we’re stepping that up. Not just reducing friction but actively fighting friction to move the world forward and telling the story about the difference we make,” says Rickard Gustafson, President and CEO. 

Facts  

These updates will be rolled out over the coming year across new marketing and communications materials, a refreshed website, and other digital channels. The logotype and other assets with the new brand identity could be found brandhub.skf.com 

We’re fighting friction to move the world forward – SKF

Explore the reinforced SKF brand

For further information, please contact: Press Relations: Karin Markhede, +46 70 758 87 30; karin.markhede@skf.com 

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

The following files are available for download:

 

Orange Money Burkina Faso expands Collaboration with Comviva for Next-Generation Mobile Money Services

  • Orange Money Burkina Faso upgrades to Next-Generation mobiquity® Pay leading a revenue growth driven by Comviva
  • The upgraded platform is driving the launch of innovative products and services, enabling an agile response to business needs, and accelerate time-to-market

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — Orange, a key player in Burkina Faso’s mobile money landscape, today announced the successful upgrade of its mobile money platform to Comviva’s next-generation mobiquity® Pay. This strategic enhancement aims to foster innovation and ensure seamless service delivery for Orange Money users in Burkina Faso.

The advanced platform will empower Orange to rapidly scale its payment services while ensuring smooth integration within the broader ecosystem. With an open architecture and API-first approach, the platform enhances flexibility and interoperability. Additionally, its advanced security features—including robust authentication and authorization modules, as well as session management capabilities—strengthen fraud prevention measures, ensuring a secure environment for Orange Money users.

Christophe Baziemo, Chief Executive Officer at Orange Money Burkina Faso, commented on the partnership, stating, “Orange Money is one of our key growth drivers, contributing significantly to economic and social development in Burkina Faso. We are particularly impressed by Mobiquity® Pay’s microservices architecture, open design, and API-first philosophy, which will enable us to significantly expand the Orange Money ecosystem in the region and provide disruptive services to our customers.” 

Rajesh Chandiramani, Chief Executive Officer at Comviva, added, “For over a decade, Comviva has been a trusted partner to Orange, managing the design and technical operations of their platform. Recognizing the evolving landscape of mobile money, Orange’s decision to upgrade to mobiquity® Pay reflects its commitment to staying ahead. Comviva’s successful migration leading revenue growth approach, leveraging our extensive experience in large-scale and complex migrations, has successfully completed over 30 transitions in the past decade. This upgrade, the first of its kind at this scale in the region, paves the way for transformative advancements in digital payments. We are thrilled to continue our partnership with Orange on their digitization journey. The extensibility, configurability, and low-code features of mobiquity® Pay will enable them to launch new services at an accelerated pace.” 

The new platform represents a state-of-the-art, cloud-native solution offering a comprehensive suite for digital money, wallets, and payments. Its robust and scalable architecture ensures a secure and user-friendly experience, while enhanced modularity facilitates faster time-to-market for new services.

 

SanyouBio Launches 73 Whole-Series Bispecific Reference Antibody Products, Facilitating New Breakthroughs in Bispecific Drug Development

SHANGHAI, March 5, 2025 /PRNewswire/ — SanyouBio announced today the official launch of 73 whole-series bispecific antibody reference products, covering globally approved and representative clinical-stage bispecific antibody drugs. The launch of this product series will provide robust support for the development of bispecific antibody drugs, helping to overcome critical challenges in drug development.

The development of bispecific antibody drugs is at the forefront of antibody research. Compared to monoclonal antibodies, bispecific antibody drugs can simultaneously bind to two different antigens or epitopes, theoretically leveraging the synergistic effects of dual targets, thereby overcoming limitations such as drug resistance associated with single-target therapies. By the end of 2024, 19 bispecific antibody drugs have been approved globally, with hundreds more in development. This number is expected to continue growing by 2025. According to Market.us, the global bispecific antibody drug market is projected to grow at a compound annual growth rate (CAGR) of 37.5% from 2024 to 2033, reaching a market size of hundreds of billions of dollars by 2033.

Bispecific antibody drugs hold significant clinical value and market demand. Leveraging its self-developed high-quality bispecific antibody preparation platform, SanyouBio has successfully prepared 73 bispecific reference antibody products, covering all approved and representative clinical-stage bispecific antibody drugs. These products were officially launched on March 5, 2025.

As a core product of SanyouBio, the bispecific reference antibody products encompass dozens of configurations, including CrossMab, Duobody, BiTE, DRAT, and Fab. Each configuration has undergone rigorous quality control and data validation to ensure superior binding affinity and stability. These reference products are not only suitable for early-stage drug screening but also for preclinical efficacy evaluation.

In addition to bispecific antibody reference products, SanyouBio has developed a one-stop bispecific design application called OneClick+, which integrates over 150 antibody configuration diagrams, covering four major categories: classic bispecific antibodies, nanobodies, ScFv, and complex antibodies. This application meets the demanding needs of bispecific antibody design, providing strong technical support for the personalized design of bispecific antibody drugs.

Dr. Lang Guojun, CEO of SanyouBio, stated: “The launch of these bispecific antibody reference products marks a significant milestone in SanyouBio’s exploration of the bispecific drug development field, reflecting our commitment to advancing the global biopharmaceutical industry. SanyouBio will continue to dedicate itself to the research and innovation of bispecific antibody drugs, optimizing our products and services to support the growth of the global biopharmaceutical sector. In the future, SanyouBio plans to further expand the product line of bispecific antibody reference products and continuously upgrade bispecific antibody design applications like OneClick+ to provide more comprehensive and efficient solutions for our clients. Together, we will advance the clinical application and commercialization of bispecific antibody drugs, paving the way for a brighter future.”

About Sanyou Bio
Sanyou Biopharmaceuticals Co., Ltd. is a world-leading high-tech biotechnology enterprise focusing on R&D and services of innovative biologic drugs. Sanyou has built the 4C business patterns that integrate “differentiated CRO, integrated CDO, innovative CPO and characteristic CRS”, to accomplish the mission “to make the R&D easy for innovative biologics”.

Sanyou has established an integrated innovative biologic drug R&D laboratory with advanced facilities, and has a professional team with the majority holding a Ph.D. or master degree. Sanyou has built three industry-leading innovative technology platforms featured by “super-trillion, integration, and intelligence” , which are comprised of more than 50 sub-platforms with the core innovative super-trillion phage display platform, and supported by platforms of material preparation, biologics discovery, molecule optimization, in vitro and in vivo efficacy, production cell line construction, upstream and downstream process development, preclinical R&D, industrialization development, etc.

Sanyou’s business network has expanded to all parts of the world, including Asia, US and Europe, and established branches in Boston, Philadelphia, San Diego and London. Sanyou has established friendly business relationships with more than 1000 pharmaceutical companies, drug R&D institutions and diagnostics companies worldwide. Sanyou received National-level certification as a high-tech enterprise and a Specialized and Sophisticated enterprise, and passed the ISO9001 quality assurance certification and GB/T intellectual property management system certification.

 

Moatable Declares Special Cash Dividend of US$0.6057 per ADS and Ex-Dividend Date

PHOENIX, March 5, 2025 /PRNewswire/ — Moatable, Inc. (OTC Pink: MTBLY) (“Moatable” or the “Company”), an operator of several US-based SaaS businesses, today announced that its Board of Directors has declared a special cash dividend (the “Special Dividend”). The Special Dividend will be paid from the Company’s current cash position. 

The Special Dividend is expected to be paid on or about March 27, 2025 to all holders of Moatable’s ordinary shares (including those in the form of American Depositary Shares (“ADSs”), each one (1) ADS currently representing 45 Class A ordinary shares) of record as of 5:00 p.m. Eastern Time on March 17, 2025. The amount of the Special Dividend is US$0.01346 per ordinary share, or US$0.6057 per ADS, in each case, prior to deduction of applicable taxes, fees and expenses. Citibank, N.A., as depositary for the ADSs (the “Depositary”), will charge a cash distribution fee of US$0.05 per ADS held as of the record date.  The ADS distribution fee will be borne by the holders of ADSs and will be deducted from the Special Dividend amount.

The ADSs will trade with “due-bills” representing an assignment of the right to receive the Special Dividend up through and inclusive of the expected payment date of March 27, 2025. The ex-dividend date will be March 28, 2025, the first business day following the payment date. Investors who sell their ADSs on or before the payment date will not be entitled to receive the Special Dividend. Due-bills obligate a seller of ADSs to deliver the dividend payable on such ADSs to the buyer. The due-bill obligations are settled customarily between the brokers representing the buyers and sellers of the ADSs. Moatable and the Depositary have no obligation for either the amount of the due-bill or the processing of the due-bill. Buyers and sellers of the ADSs should consult their broker before trading to be sure they understand the effect of the due-bill procedures.

The tax treatment of holding ordinary shares or ADSs to any particular investor will depend on the investor’s particular tax circumstances. Moatable investors are urged to consult their tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to them, in light of their particular investment or tax circumstances, of the receipt of the Special Dividend.

About Moatable Inc.

Moatable, Inc. (OTC Pink: MTBLY) operates two US-based SaaS businesses including Lofty and Trucker Path. Moatable’s American Depositary Shares, each of which currently represents forty-five Class A ordinary shares, trade on OTC Pink open market under the symbol “MTBLY”. For more news and information on Moatable, please visit Moatable.com.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about Moatable’s beliefs and expectations, including statements on making investments and operating businesses that generate long-term returns for investors, and expectations for future growth and innovation are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Moatable’s goals and strategies; Moatable’s future business development, financial condition and results of operations; Moatable’s expectations regarding demand for and market acceptance of its services; Moatable’s plans to enhance user experience, infrastructure and service offerings. Further information regarding these and other risks is included in our recent annual and quarterly reports on Form 10-K and Form 10-Q and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Moatable does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

The Laughing Cow – Southeast Asia Region Wins Prestigious Brand of Asia 2024-25 Award

SINGAPORE, March 5, 2025 /PRNewswire/ — The Laughing Cow has been honored with the Prestigious Brands of Asia 2024-25 award in the FMCG – Cheese category. This recognition, presented at the Global Business Symposium hosted by Herald Global & ERTC Media in Bangkok, Thailand, was bestowed after an intensive screening process. The recognition is a testament to The Laughing Cow’s remarkable achievements in expanding awareness and innovative product launches in the cheese category in Southeast Asia.

The Laughing Cow - Southeast Asia Region Wins Prestigious Brand of Asia 2024-25 Award
The Laughing Cow – Southeast Asia Region Wins Prestigious Brand of Asia 2024-25 Award

The Laughing Cow brand has a rich legacy of over 100 years, bringing happiness through its delicious and healthy snacking cheese products. The Southeast Asia region where the brand is present currently comprises Indonesia, Singapore, Malaysia, Thailand and Cambodia. The innovative range includes The Laughing Cow Creamy Cheese Triangles, Cheez Dippers, Belcubes, Cheese Slices. Other than that, Bel also has products like BabyBel and Kiri. With this range, Bel is starting to see a market share that ranks in the top 3 in some of the larger modern trade customers in these countries.

The Prestigious Brands of Asia Awards solidifies The Laughing Cow Cheese’s position as a market leader in healthy snacking. Alamjit Singh Sekhon, General Manager, Bel Southeast Asia, expressed his gratitude for the recognition, stating: “This award is a testament to The Laughing Cow’s unwavering commitment to providing healthier and more responsible snacking options. In Southeast Asia, we have worked in an entrepreneurial way to significantly increase the brand awareness. Additionally, we have launched innovative products like The Laughing Cow Sweet Cheez Dippers to address the healthy snacking opportunity. Our products are not only delicious but also fortified to address key micronutrient deficiencies in the region, making them even more nutritious. This aligns perfectly with our philosophy of ‘for all, for good’—ensuring that everyone has access to healthier and more responsible food choices. This recognition reaffirms our dedication to building consumer trust and confidence, and we are truly honored to be acknowledged among Asia’s most prestigious brands.”

As The Laughing Cow continues to expand its footprint, it remains committed to bringing joy to consumers across the region with our healthier snacking cheese products while continuing to expand our footprint and strengthen market leadership.

About
The Laughing Cow under Bel Group are global leaders in branded cheese and healthy snacking, committed to providing healthier and more responsible food.

Sigenergy Secures No.1 Spot in Global Stackable Energy Storage Market, Report Finds

SHANGHAI, March 5, 2025 /PRNewswire/ — Sigenergy, a leading energy innovator, has been named the global leader in the stackable all-in-one Distributed Energy Storage System (DESS) market, according to a recent report by Frost & Sullivan. Based on combined sales data from Q1 to Q3 2024, Sigenergy captured a 24.3% market share — a testament to the company’s rapid rise and leadership in clean energy innovation.

Global Expansion: SigenStor Gains Customer Trust Worldwide

The 5-in-1 SigenStor energy storage system has quickly become a customer favorite since its launch. According to Frost & Sullivan, Sigenergy shipped 231 MWh of stackable all-in-one DESS units between Q1 and Q3 2024, claiming the top market share of 24.3%. In the highly competitive all-in-one DESS market — where the top five players accounted for 74.5% of total shipments — Sigenergy ranked third overall with a 5.9% market share.

By February 2025, Sigenergy had partnered with 99 distributors across more than 60 countries, becoming a preferred brand in key regions like Europe, Asia-Pacific, and Africa. Strategic collaborations with leading distributors in Austria, Belgium, Sweden, and South Africa have showcased SigenStor’s outstanding performance and reliability. South African partner, the largest in the region, praised SigenStor’s effectiveness in alleviating load-shedding challenges. A 2024 customer satisfaction survey revealed that nearly 90% of end-users and installers rated SigenStor positively.

Sigenergy claimed the No.1 global market share (24.3%) in the stackable all-in-one DESS market from Q1–Q3 2024
Sigenergy claimed the No.1 global market share (24.3%) in the stackable all-in-one DESS market from Q1–Q3 2024

AI-Powered Innovation: Redefining Smart Energy Experience

Sigenergy is driving the digital transformation of energy management with advanced AI capabilities. The cloud-native SigenCloud platform enables large-scale management of distributed energy devices and integrates with top Virtual Power Plant (VPP) providers in Sweden, the Netherlands, Australia, and other markets. The platform automatically syncs with real-time dynamic tariffs from over 60 power companies in more than 20 countries. By leveraging AI and dynamic pricing, a Polish commercial and industrial (C&I) customer achieved a 42% reduction in electricity purchase costs and a 52% cut in total energy expenses compared to the previous month.

Meanwhile, the mySigen App, the self-developed energy application, provides real-time energy and battery monitoring, device management, and troubleshooting. Leading the industry by incorporating GPT-4o, the app delivers instant customer support, redefining the traditional after-sales service model with intelligent, responsive assistance.

Diversified Portfolio: Tailored Solutions for Every Scenario

Sigenergy remains at the forefront of energy innovation, offering a comprehensive product portfolio that addresses diverse application scenarios. For C&I segments, the company introduced SigenStack, a modular energy storage system that combines a hybrid inverter and battery pack, scalable to support multi-megawatt projects. Sigenergy is set to unveil more products in the coming months, further broadening its product ecosystem to cater to global customer needs.

Looking ahead, Sigenergy seeks to foster deeper collaboration with global partners, accelerating the transition toward a more sustainable energy future for all.