32.9 C
Vientiane
Saturday, July 5, 2025
spot_img
Home Blog Page 782

United Warehouse Signs New Solar PV Systems Agreement to Further Enhance Sustainability and Revenue Diversification

HONG KONG, Feb. 26, 2025 /PRNewswire/ — United Warehouse Limited (“United”), a wholly-owned subsidiary of Marvion Inc. (OTC: MVNC), today announced the signing of a new Solar Photovoltaic (PV) System Service Agreement (the “Agreement”) with Starwarehouse Engineering Limited (“Starwarehouse”). This collaboration further solidifies United Warehouse’s commitment to sustainability and green energy transition while diversifying its revenue streams.

Under the Agreement, Starwarehouse will be responsible for designing, installing, and commissioning a 170kW solar PV system on the rooftop of another United Warehouse’s facility located at DD 119 LOT 1294,1295,1298, Pak Sha Tsuen, Yuen Long, New Territories. The system will include 512 units of 520W flexible solar panels, a 120kW inverter, a 50kW inverter, an isolation transformer, and other related equipment. The electricity generated by the system will be sold to CLP Power Hong Kong Limited (“CLP”) under the Feed-in Tariff (FiT) scheme, providing United Warehouse with a long-term, stable revenue stream while further reducing its carbon footprint.

The project is an expansion to the previous PV system installation done in October 2024, and this new installation is expected to commence operations in 2025 and will run until December 31, 2033. The PV system is projected to generate a significant amount of renewable energy annually, effectively reducing United Warehouse’s operational costs and promoting environmental sustainability.

Mr. Chan Sze Yu, CEO of Marvion Inc., commented, “This new agreement not only reflects our commitment to green energy but also demonstrates our ability to balance long-term financial returns with social responsibility. We look forward to the economic and environmental benefits the PV system will bring to the company, further strengthening our competitiveness in the Hong Kong market.”

A spokesperson for Starwarehouse added, “We are honored to partner with United Warehouse once again, providing them with efficient and safe PV solutions to support their energy transition. We believe this state-of-the-art system will deliver long-term environmental benefits and economic returns to the Marvion Group.”

Key Highlights of the Agreement:

  1. Revenue Diversification: The PV system will generate stable additional income for United Warehouse through CLP’s Feed-in Tariff scheme.
  2. Sustainability: The project will significantly reduce the company’s carbon footprint, supporting Hong Kong’s carbon neutrality goals.
  3. Long-Term Collaboration: The Agreement is valid until 2033, ensuring mutual benefits for both parties over the coming years.
  4. Risk Mitigation: The Agreement includes provisions for insurance, maintenance, and force majeure, ensuring smooth project operations.

This collaboration not only underscores Marvion and United Warehouse’s commitment to sustainability but also reinforces Marvion Inc.’s leadership in environmental protection and social responsibility as a logistics and warehousing service provider.

About Marvion

Mavion (MVNC) is a group provides logistics and warehousing services in the Hong Kong market. The group provides one-stop transport and storage solutions to business clients.

Website: http://www.unitedksk.com

For media queries, please contact:
ir@unitedksk.com 

ECR 2025: Esaote Group presents Integrated Medical Imaging Solutions and unveils innovations in Ultrasound Technology

Ebit showcases SUITESTENSA ZEfiRO: the new “cloud-native” PACS with diagnostic viewer

VIENNA, Feb. 26, 2025 /PRNewswire/ — Esaote Group, a leading Italian innovator in medical imaging – ultrasound, dedicated magnetic resonance and medical IT – presents its new portfolio of imaging solutions at the European Congress of Radiology (ECR) (Vienna, February 26 /March 2, Booth 502 Expo Hall X5).

 

Franco Fontana, CEO Esaote
Franco Fontana, CEO Esaote

 

Esaote’s AI technology is now integrated into a variety of clinical applications: by optimizing workflows, reducing exam times and improving image quality, this technology empowers clinicians to make faster, data-driven decisions with heightened confidence.

In the field of MRI, Esaote launches a new AI platform called “e-SPADES” at the ECR. This revolutionary technology, developed in collaboration with the Amsterdam University Medical Center and with AIRS Medical, can reduce the overall examination time by up to 60% compared to conventional scanning, while delivering unparalleled image quality. 

In Ultrasound, Esaote’s “Augmented Insight” AI technology now powers the entire system portfolio, from the flagship MyLab™X90 to the newborn MyLab™C30, which will be unveiled at the ECR (February 27 at 11:00 a.m. CET). Together with the MyLab™C25, Esaote’s new Ultrasound C-series combines portability with excellent performance and Italian design, with a cleanable touch keyboard and a gesture-enabled trackpad for a smooth, efficient workflow. AI is instrumental in supporting advanced abdominal, prostate and breast applications, enabling radiologists to perform accurate, minimally invasive interventions with enhanced procedural confidence and outcomes.

The ECR is a great opportunity for EBIT, the Esaote Group company that specializes in Healthcare Information Technology, to showcase its latest innovative technology: SUITESTENSA ZefiRO, the new “cloud-native” PACS that draws on 25 years of experience in the Enterprise Imaging sector to deliver the most advanced “zero-footprint” (ZFP) technology. The new PACS offers physicians and operators an easy, efficient and system-independent way to view medical images anywhere, improving diagnosis and treatment management. SUITESTENSA ZefiRO also features Suitestensa fAInd, an AI platform that provides rapid access to dozens of clinical applications to facilitate reporting and workflow.

We are proud to present our latest technological innovations in the field of imaging to healthcare professionals. Our ongoing R&D efforts are focused on improving diagnostic accuracy and image-guided interventions by leveraging powerful technologies that increasingly rely on AI and advanced software applications as their backbone. Our new MRI and Ultrasound portfolio is supported by integrated IT platforms that enable healthcare professionals to focus on precision patient care,” said Franco Fontana, CEO of Esaote S.p.A.

Esaote Group is a leader in medical imaging (ultrasound, MRI and diagnostic process management software). At the end of 2024, the Group had 1,300 employees, half of which are based in Italy. With facilities in Genoa and Florence and its own production and research units in Italy and the Netherlands, Esaote is present in over 100 countries worldwide. www.esaote.com

 

 

Venus Williams Invests in WeWard App to Promote a Healthier World Through Walking

Tennis champion and entrepreneur Venus Williams joins walking app WeWard as an investor and ambassador.

NEW YORK, Feb. 26, 2025 /PRNewswire/ — WeWard, the free walking app that rewards 20M users for every step, today announced that tennis champion and entrepreneur Venus Williams has joined the company as both an investor and ambassador. This partnership reflects a shared commitment to encouraging healthier and more active lifestyles worldwide.

WeWard x Venus Williams
WeWard x Venus Williams

According to the World Health Organization, 31% of adults and 80% of adolescents do not meet the recommended levels of physical activity. Further, WeWard data shows that Americans walk nearly half as much as they should and rank among the lowest in daily walking activity compared to their developed nation counterparts.

With a shared mission to promote healthier living, Williams and WeWard aim to raise awareness around the dangers of physical inactivity, and highlight the significant health benefits—across cardiovascular health, mental health, metabolism, and energy levels—that come with developing a daily walking routine. Cardiovascular health is particularly top of mind at this time for those celebrating American Heart Month and maintaining New Year’s health resolutions for 2025.

As part of the announcement, WeWard debuted a 50-second spot showcasing the tennis champion tracking her steps on the app and later celebrating during a match after hitting her step count goal. In addition to the video campaign, WeWard has pledged to donate $25,000 to support Venus’s charity of choice, CARE, which works to address global poverty by supporting economic growth, improved health, access to education, and more for women and communities around the world. The startup will also be hosting a month-long ‘Venus Williams Championship’ in-app where participants can unlock increasing donation amounts with their collective steps. If the final steps milestone is reached, WeWard will donate a total of $40,000. Starting today, users can also engage in Venus-themed walking challenges and redeem special rewards, including tickets to sporting events, Garmin watches, gift cards, and more.

Williams, who is highly-decorated in both sports and entrepreneurship, has been a longstanding advocate for prioritizing personal wellness both on and off the court. This partnership closely follows the release of her health and wellness book STRIVE, which outlines a holistic and science-backed approach to life improvement.

“As someone who is deeply passionate about personal health and wellness, I’m thrilled to be partnering with WeWard,” said Venus Williams. “A large part of staying well and active is simply by moving your body whichever way you can, and with WeWard, walking becomes a fun and rewarding experience. I’m excited to be part of a movement that encourages people to take that first step towards a healthier, more active lifestyle.”

Founded in 2019, WeWard is the lifestyle app rewarding 20M users for their daily walking activity, bringing a new kind of gamified approach to exercise motivation. Each day, users can track and redeem their daily steps for incentives like cash deposits, charity donations, or retail gifts, and partake in social challenges, such as leaderboards and collectibles. WeWard users have been shown to increase walking activity by nearly 25%, and to date, the company has given $20M in cash back to users, $1M to charity partners, and helped save more than 600,000 tons of CO2 from walking activity generated.

The partnership with Williams marks a significant milestone for the startup, which expanded to 20 new countries in July of 2024 and recently crossed 1M downloads in the U.S. since its rollout into the region.

“We couldn’t have found a better partner to help us inspire more people to walk,” said Yves Benchimol. “Venus has been such a huge inspiration to so many throughout her multi-faceted career, and we’re thrilled to have her energy, advocacy, and entrepreneurial spirit onboard to help us drive WeWard’s mission to get more people walking.”

For more information, please visit WeWard’s website at https://www.wewardapp.com/

About WeWard
Founded in 2019 by Yves Benchimol, WeWard is a free mobile app designed to make walking a more rewarding part of people’s lives. Through gamifying and socializing the step count, the app rewards users for their daily walking activity through incentives such as cash deposits, gift purchases, and charity donations. More than 20M users have signed up to join the platform, which has been shown to increase user walking time by nearly 25%. WeWard is the chosen partner to over 1,500 brands, including household names such as Amazon, Adidas, L’Oreal, Netflix, Nike, Converse, and more. It is available in 29 countries across the globe. To learn more, visit https://www.wewardapp.com/.

About Venus Williams
With 7 Grand Slam titles, 5 Wimbledon championships and 4 Olympic gold medals, tennis champion Venus Williams is one of the most accomplished and inspiring women in the history of sports. Outside of her accomplishments on the court, Venus has parlayed her fine-tuned business acumen with her healthy competitive spirit into numerous successful ventures across the art, design, and wellness spaces, as well as advocacy efforts around equality and mental health. Venus’s achievements throughout her legendary career have merited her a plethora of additional accolades, including being honored as Variety’s “power of Women”, Glamour Magazine’s ‘Woman of the Year,’ CARE Impact Award for Gender Equality, ESPN’s ‘WTA Player of the Year,’ and Forbes’ ‘Celebrity 100’ among others.

Intelligent Living Application Group Inc. Announces Pricing of $600,000 Public Offering of Ordinary Shares

HONG KONG, Feb. 26, 2025 /PRNewswire/ — Intelligent Living Application Group Inc. (NASDAQ: ILAG) (“Intelligent Living” or the “Company”), a premium lockset manufacturer in Hong Kong, today announced the pricing of its “best efforts” public offering of 1,034,483 ordinary shares of the Company at a public offering price of $0.58 per share. Total gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $600,000. The offering is expected to close on February 27, 2025, subject to the satisfaction of customary closing conditions.

Craft Capital Management LLC is acting as sole placement agent for the offering.

The Company intends to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital and general and administrative expenses. 

A shelf registration statement on Form F-3 (Registration No. 333-274495) relating to the public offering of the securities described above was previously filed with the Securities and Exchange Commission (SEC) and declared effective on December 4, 2023. A preliminary prospectus supplement and accompanying prospectus relating to the underwritten public offering was filed with the SEC and are available on the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from Craft Capital Management, 377 Oak St., Lower Concourse, Garden City, NY 11530, Attention: Syndicate Dept.; email: info@craftcm.com

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.

About Intelligent Living Application Group Inc.

Intelligent Living Application Group Inc. is a premium lockset manufacturer and distributor headquartered in Hong Kong. Intelligent Living manufactures and sells high quality mechanical locksets to customers mainly in the United States and Canada and has continued to diversify and refine its product offerings in the past 40 years to meet its customers’ needs. Intelligent Living obtained the ISO9001 quality assurance certificate and various accredited quality and safety certificates including American National Standards Institute (ANSI) Grade 2 and Grade 3 standards that are developed by the Builders Hardware Manufacturing Association (BHMA) for ANSI. Intelligent Living keeps investing in self-designed automated product lines, new craftsmanship and developing new products including smart locks. For more information, visit the Company’s website at http://www.i-l-a-g.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. 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. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” 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 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 registration statement and other filings with the SEC, which are available for review at www.sec.gov.

Hikvision earns IEC 62443-4-1 certification for secure product development

HANGZHOU, China, Feb. 26, 2025 /PRNewswire/ — Hikvision has successfully achieved IEC 62443-4-1 certification for its product development lifecycle process. IEC 62443-4-1 is a cybersecurity standard specifying requirements for the secure development of products in industrial automation and control systems. This internationally recognized certification underscores Hikvision’s commitment to cybersecurity throughout its research and development processes.

Hikvision earns IEC 62443-4-1 certification for secure product development
Hikvision earns IEC 62443-4-1 certification for secure product development

During the rigorous certification process, Hikvision demonstrated adherence to secure development practices across several key areas, including security requirements identification, risk assessment, security design, and security verification. By integrating robust security measures from the initial design phase, Hikvision ensures that its products meet the high standards of cybersecurity.

Hikvision is committed to delivering safer, more reliable solutions that help organizations mitigate cyber threats effectively. Achieving the IEC 62443-4-1 certification reinforces Hikvision’s dedication to developing secure products that meet global cybersecurity standards and protect its customers in an increasingly connected world.

With this certification, Hikvision continues to set industry benchmarks in cybersecurity, ensuring its solutions offer unparalleled security, efficiency, and reliability across various applications.

Hikvision has long been dedicated to building a comprehensive secure development system, the Hikvision Secure Development Life Cycle (HSDLC), covering every stage from requirement analysis, design, development, and testing to product delivery. The HSDLC not only meets global security standards but also incorporates the latest cybersecurity research and technologies, ensuring that Hikvision products maintain robust security defenses against increasingly sophisticated cyber threats.

Looking ahead, Hikvision will continue to strengthen the development of the HSDLC system, promoting security management throughout the entire product lifecycle, enhancing R&D capabilities, and better serving global markets. Hikvision will also actively explore collaborations with other industry-leading enterprises to promote best practices across the industry chain and jointly address evolving cybersecurity challenges.

What is IEC 62443-4-1?

IEC 62443-4-1 is an important standard developed by the International Electrotechnical Commission (IEC) for the cybersecurity of industrial automation and control systems. It helps organizations ensure that industrial control systems are secure throughout their design, deployment, and operation phases, safeguarding against risks such as cyberattacks, data breaches, and system failures while providing protection across the entire product lifecycle.

To learn more about Hikvison’s cybersecurity efforts, please visit this link.

AMCOR AND BERRY GLOBAL SHAREHOLDERS OVERWHELMINGLY APPROVE COMBINATION

Approval marks another significant milestone towards combining these highly complementary businesses 

ZURICH and EVANSVILLE, Ind., Feb. 26, 2025 /PRNewswire/ — Amcor plc (“Amcor”) (NYSE: AMCR, ASX: AMC) and Berry Global Group, Inc. (“Berry”) (NYSE: BERY) today announced that at their respective shareholder meetings, held yesterday, shareholders of both companies overwhelmingly voted to approve the combination of these two companies. This approval satisfies the shareholder vote condition for the combination, originally announced in November 2024.

Shareholders of Amcor and Berry Global overwhelmingly voted to approve the combination of the two companies.
Shareholders of Amcor and Berry Global overwhelmingly voted to approve the combination of the two companies.

Together, Amcor and Berry will be among the global leaders in consumer and healthcare packaging solutions with the combined material science and innovation capabilities required to revolutionize product development and better solve customers’ needs and consumers’ sustainability aspirations. These two highly complementary businesses are expected to grow faster together in attractive categories and opportunities to further refine the portfolio. With faster growth and $650 million of identified synergies, this combination is expected to drive significant near- and long-term value for all shareholders. 

Amcor CEO Peter Konieczny commented, “The resounding support from both companies’ shareholders marks another important milestone in bringing Amcor and Berry together. Our combined company will be positioned to serve customers better, grow faster and operate globally in a way neither company could accomplish alone. Together, we have an exciting and unique opportunity to truly transform the future of packaging.”

Berry CEO Kevin Kwilinski added, “We are excited to take another important step toward finalizing this combination between Berry and Amcor and are pleased the shareholders of both companies clearly recognize the significant opportunities we will have as one company to deliver enhanced value for all stakeholders.”

More than 71% of Amcor’s outstanding shares were present or represented by proxy, and more than 99% of these shares were voted in favor of the relevant proposal. More than 83% of Berry’s outstanding shares were present or represented by proxy, and more than 98% of these shares were voted in favor of the relevant proposal. Amcor and Berry will each file the final voting results with the US SEC on Form 8-K.

The combination is well advanced and is expected to close in mid calendar year 2025, subject to closing conditions. 

About Amcor

Amcor plc is a global leader in developing and producing responsible packaging solutions across a variety of materials for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect products, differentiate brands, and improve supply chains. The Company offers a range of innovative, differentiating flexible and rigid packaging, specialty cartons, closures and services. The company is focused on making packaging that is increasingly recyclable, reusable, lighter weight and made using an increasing amount of recycled content. In fiscal year 2024, 41,000 Amcor people generated $13.6 billion in annual sales from operations that span 212 locations in 40 countries. NYSE: AMCR; ASX: AMC

About Berry

Berry is a global leader in innovative packaging solutions that we believe make life better for people and the planet. We do this every day by leveraging our unmatched global capabilities, sustainability leadership, and deep innovation expertise to serve customers of all sizes around the world. Harnessing the strength in our diversity and industry-leading talent of over 34,000 global employees across more than 200 locations, we partner with customers to develop, design, and manufacture innovative products with an eye toward the circular economy. The challenges we solve and the innovations we pioneer benefit our customers at every stage of their journey.

Important Information for Investors and Shareholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction.  It does not constitute a prospectus or prospectus equivalent document.  No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

In connection with the proposed transaction between Amcor plc (“Amcor”) and Berry Global Group (“Berry”), on January 13, 2025, Amcor filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4, as amended on January 21, 2025, containing a joint proxy statement of Amcor and Berry that also constitutes a prospectus of Amcor.  The registration statement was declared effective by the SEC on January 23, 2025 and Amcor and Berry commenced mailing the definitive joint proxy statement/prospectus to their respective shareholders on or about January 23, 2025.  INVESTORS AND SECURITY HOLDERS OF AMCOR AND BERRY ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION.  Investors and security holders may obtain free copies of the registration statement and the definitive joint proxy statement/prospectus and other documents filed with the SEC by Amcor or Berry through the website maintained by the SEC at http://www.sec.gov.  Copies of the documents filed with the SEC by Amcor are available free of charge on Amcor’s website at amcor.com under the tab “Investors” and under the heading “Financial Information” and subheading “SEC Filings.”  Copies of the documents filed with the SEC by Berry are available free of charge on Berry’s website at berryglobal.com under the tab “Investors” and under the heading “Financials” and subheading “SEC Filings.”

Cautionary Statement Regarding Forward-Looking Statements

This communication contains certain statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Some of these forward-looking statements can be identified by words like “anticipate,” “approximately,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “outlook,” “plan,” “potential,” “possible,” “predict,” “project,” “target,” “seek,” “should,” “will,” or “would,” the negative of these words, other terms of similar meaning or the use of future dates. Such statements, including projections as to the anticipated benefits of the proposed transaction, the impact of the proposed transaction on Amcor’s and Berry’s business and future financial and operating results and prospects, the amount and timing of synergies from the proposed transaction, the terms and scope of the expected financing in connection with the proposed transaction, the aggregate amount of indebtedness of the combined company following the closing of the proposed transaction and the closing date for the proposed transaction, are based on the current estimates, assumptions and projections of the management of Amcor and Berry, and are qualified by the inherent risks and uncertainties surrounding future expectations generally. Actual results could differ materially from those currently anticipated due to a number of risks and uncertainties, many of which are beyond Amcor’s and Berry’s control. None of Amcor, Berry or any of their respective directors, executive officers, or advisors, provide any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur, or if any of them do occur, what impact they will have on the business, results of operations or financial condition of Amcor or Berry. Should any risks and uncertainties develop into actual events, these developments could have a material adverse effect on Amcor’s and Berry’s businesses, the proposed transaction and the ability to successfully complete the proposed transaction and realize its expected benefits. Risks and uncertainties that could cause results to differ from expectations include, but are not limited to, the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the risk that the conditions to the completion of the proposed transaction (including shareholder and regulatory approvals) are not satisfied in a timely manner or at all; the risks arising from the integration of the Amcor and Berry businesses; the risk that the anticipated benefits of the proposed transaction may not be realized when expected or at all; the risk of unexpected costs or expenses resulting from the proposed transaction; the risk of litigation related to the proposed transaction; the risks related to disruption of management’s time from ongoing business operations as a result of the proposed transaction; the risk that the proposed transaction may have an adverse effect on the ability of Amcor and Berry to retain key personnel and customers; and those risks discussed in Amcor’s and Berry’s respective filings with the SEC. Forward looking statements included herein are made only as of the date hereof and neither Amcor nor Berry undertakes any obligation to update any forward-looking statements, or any other information in this communication, as a result of new information, future developments or otherwise, or to correct any inaccuracies or omissions in them which become apparent. All forward-looking statements in this communication are qualified in their entirety by this cautionary statement.

Note Regarding Use of Non-GAAP Financial Measures

Included in this communication are measures of financial performance that are not calculated in accordance with U.S. GAAP. These measures include annual cash flow, adjusted cash earnings per share and certain cost, growth and financial synergies of the combined company post consummation of the transaction.

In arriving at these non-GAAP measures, Amcor excludes items that either have a non-recurring impact on the income statement or which, in the judgment of our management, are items that, either as a result of their nature or size, could, were they not singled out, potentially cause investors to extrapolate future performance from an improper base. These non-GAAP measures are presented for illustrative purposes only, contain a variety of adjustments, assumptions and preliminary estimates and are not necessarily indicative of what the combined company’s actual results of operations or financial condition would be upon completion of the merger.

In the view of Amcor’s management, the estimated synergies included in this communication were prepared on a reasonable basis, reflecting the best available estimates and judgments of Amcor’s management at the time of preparation and presented as of the time of preparation, to the best of Amcor’s management’s knowledge and belief, the expected course of action and the expected performance of the combined company. While presented with numerical specificity, the estimated synergies presented herein are subject to estimates and assumptions in many respects, inherently uncertain and, as a result, subject to interpretation. The estimates and assumptions used to prepare these estimated synergies may prove not to be appropriate for any number of reasons, including general economic conditions, trends in the packaging industry, including trends in capital spending, inventory and unit production, competition and the risks discussed under the sections entitled “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” in the Joint Proxy Statement. Such estimated synergies do not take into account any circumstances or events occurring after the date such information was prepared and also reflect assumptions as to certain business decisions that are subject to change.

These non-GAAP financial measures should not be construed in isolation or as a substitute for, or superior to, results determined in accordance with U.S. GAAP, are not reported by all of Amcor’s or Berry’s competitors and may not be directly comparable to similarly titled measures of Amcor’s competitors given potential differences in the exact method of calculation.

 

 

The Journey of Blessing: A Grand Ramadan Celebration at The Westin Surabaya and Four Points by Sheraton Surabaya, Pakuwon Indah

SURABAYA, Indonesia, Feb. 26, 2025 /PRNewswire/ — As the holy month of Ramadan approaches, The Westin Surabaya and Four Points by Sheraton Surabaya, Pakuwon Indah invite guests to embark on “The Journey of Blessing”, a spectacular celebration filled with exquisite dining experiences, indulgent gifts, and unforgettable moments of togetherness. “Ramadan is a time of togetherness. We are honored to create an atmosphere where families and friends can gather and cherish meaningful moments that last a lifetime,” said Faisol Amin, Complex Assistant Director of Food and Beverage at The Westin Surabaya and Four Points Pakuwon Indah.

The Journey of Blessing: A Grand Ramadan Celebration at The Westin Surabaya and Four Points by Sheraton Surabaya, Pakuwon Indah
The Journey of Blessing: A Grand Ramadan Celebration at The Westin Surabaya and Four Points by Sheraton Surabaya, Pakuwon Indah

From elegant Ramadan hampers to lavish iftar feasts and authentic Middle Eastern delights, this season of gratitude and sharing is set to be more meaningful than ever.

‘Light of Sahara’, An Exceptional Hampers Collection of Tradition and Elegance

The perfect gift for Ramadan, the Light of Sahara Hampers is exclusively crafted with intricate 3D shaping, showcasing the beauty of the desert at twilight. Inside, guests will find four jars of premium cookies and six elegantly designed eid envelopes, making it a heartfelt gift for loved ones. Perfect as a thoughtful gift for family, friends, and business associates, this luxurious Ramadan hamper is available for IDR 688,000++ per box.

Tales of The Arabian Night – International Grand Buffet at Magnolia Restaurant

Celebrate the magic of Ramadan with Tales of The Arabian Night, an enchanting Iftar experience at Magnolia Restaurant, The Westin Surabaya. Indulge in a lavish international grand buffet, featuring an array of authentic Arabian delicacies and an immersive live theatrical kitchen showcasing the art of Turkish Ice Cream corner, bringing fun and flavor to your dining experience.

Every dish is crafted to bring the rich flavors of the Middle East to your table. Enjoy this all-you-can-eat culinary journey for IDR 728,000++ per person, with a special Buy 1 Get 1 promotion to share the joy with your loved ones.

Magical Moroccan Delights – Skyeatsscape at Sky Lounge

Step into a world of exotic flavors and enchanting ambiance at Sky Lounge with Magical Moroccan Delights Skyeatscape. Nestled high above the city, this exclusive 2-hour all-you-can-eat dining experience invites guests to savor the rich culinary traditions of North Africa, where bold spices, slow-cooked meats, and aromatic herbs come together in perfect harmony.

Available every Monday to Wednesday, this immersive Moroccan feast brings a selection of authentic delicacies inspired by the bustling souks and grand palaces of Marrakech. At IDR 298,000++ per person, this unique dining affair at Sky Lounge promises a night of culinary discovery, warm hospitality, and breathtaking views.

The Jewel of Muscat – Ramadan Mocktail Creations at Sky Lounge

Celebrate the spirit of Ramadan with Sky Lounge’s signature mocktail creations, crafted to refresh and rejuvenate after a day of fasting. Inspired by the rich traditions of the season, these exquisite beverages offer a perfect balance of sweetness, spice, and refreshment.

Indulge in Dates of Spice, a warm and aromatic infusion of rich dates and exotic spices, or enjoy the soothing Aloe Sweet, a cooling blend of aloe vera and honey for ultimate refreshment. For a tropical twist, Freshener Break offers a vibrant mix of fruity flavors, designed to replenish and uplift.

Starting from IDR 88,000 net per glass, these handcrafted mocktails at Sky Lounge make every sip a tribute to the essence of Ramadan.

Koerma – Kuliner Ramadan at Djaman Doeloe Resto & Bar

Celebrate the warmth of Ramadan with a nostalgic Iftar buffet at Djaman Doeloe Resto & Bar, where authentic Indonesian flavors take center stage. For IDR 200,000 net per person, indulge in a feast of traditional Ramadan specialties, crafted to bring comfort and togetherness.

Dine and stand a chance to win a luxurious Staycation Voucher at The Westin Surabaya or Four Points Pakuwon Indah, making your Ramadan even more memorable.

BBQ Buffet Iftar – Soirée Rooftop Bar

Break your fast in style with an unforgettable BBQ Buffet Iftar at Soirée Rooftop Bar, where the enticing aroma of sizzling meats and seafood fills the air. This all-you-can-grill experience invites guests to indulge in a premium selection of marinated meats, fresh seafood, and flavorful sides, expertly prepared over an open flame.

As the sun sets, immerse yourself in the breathtaking city views, creating the perfect backdrop for a warm and lively gathering with family and friends. Whether you’re craving juicy cuts of beef, tender lamb, or the delicate flavors of grilled seafood, this special Iftar dining is designed to satisfy every palate.

Available for IDR 350,000 net per person, this Ramadan celebration brings together great food, great company, and an unparalleled rooftop ambiance.

Mystical Arabian – Special Ramadan Mocktails at Soirée Rooftop Bar

Celebrate the spirit of Ramadan with Mystical Arabian, a collection of handcrafted mocktails inspired by the rich flavors of the Middle East. Enjoy the citrus-kissed Sundown Mist, the cooling Sands of Mint, or the exotic Moonlit Oasis, each crafted to refresh and rejuvenate after a day of fasting.

Available at IDR 78,000 nett per glass, sip, savor, and embrace the essence of Ramadan under the stars at Soirée Rooftop Bar.

Embrace the Spirit of Ramadan with The Westin & Four Points by Sheraton Surabaya, Pakuwon Indah.

From luxurious Ramadan hampers to captivating Iftar feasts and refreshing handcrafted beverages, The Westin Surabaya and Four Points Pakuwon Indah invite you to immerse in the beauty of Ramadan with a series of extraordinary experiences.

Whether you seek a grand culinary adventure, a meaningful gift to share with loved ones, or a stunning rooftop dining experience, “The Journey of Blessing” promises to make this Ramadan truly unforgettable.

Reserve your experience today and create cherished moments this Ramadan!

For reservations and inquiries:
The Westin Surabaya – (031) 29710000
Four Points by Sheraton Surabaya, Pakuwon Indah – (031) 99150000
Visit: www.westinsurabaya.com and www.fourpointssurabayapakuwonindah.com

About Westin® Hotels & Resorts 

Westin Hotels & Resorts, hospitality’s global leader in well-being for more than a decade, empowers guests to transcend the rigors of travel while on the road through the brand’s Six Pillars of well-being: Sleep Well, Eat Well, Move Well, Feel Well, Work Well, and Play Well. At more than 240 hotels and resorts in over 40 countries and territories, guests can benefit from distinct wellness experiences including the brand’s iconic and award-winning Heavenly® Bed, signature WestinWORKOUT® offerings such as its 24/7 Fitness Studios, WestinWORKOUT Routes, and its versatile Gear Lending program featuring the latest in recovery and strength training from Hyperice and Bala, delicious and nutritious menu offerings on their Eat Well menu, and more. For more information, please visit www.westin.com and stay connected on X, Instagram, TikTok, and Facebook. Westin is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com.

About Four Points by Sheraton®

Four Points by Sheraton is a global brand with over 325 hotels in over 45 countries and territories. At Four Points, travel is reinvented where timeless classics are woven with modern details, paired with genuine service in a casual environment—all around the world. Four Points hotels can be found in the heart of urban centers, near the beach, by the airport, or in the suburbs. Each hotel offers a familiar place to kick back and relax with an authentic sense of the local, where guests can watch sports and enjoy the brand’s Best Brews® program. Four Points is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit marriottbonvoy.com. To learn more about Four Points, visit us online.

About Marriott Bonvoy®

Marriott Bonvoy, Marriott International’s award-winning travel program and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy’s portfolio of more than 30 extraordinary hotel brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. With the Marriott Bonvoy app, members enjoy a level of personalization and contactless experience that allows them to travel with peace of mind. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. To download the Marriott Bonvoy app, go here. Travelers can also connect with Marriott Bonvoy on Facebook, X, Instagram and TikTok.

16 Years of PT SMI, Driving Growth Through Impactful Development

JAKARTA, Indonesia, Feb. 26, 2025 /PRNewswire/ — PT Sarana Multi Infrastruktur (“Persero”) (“PT SMI”) continues to maintain its existence to provide impacts through support for equitable development throughout Indonesia. PT SMI was born out of the urgency to accelerate infrastructure development, which is sometimes hindered by financing issues. Now, at its 16th anniversary, PT SMI is ready to take on a bigger role to provide a more optimal impact in accelerating development.

Management and employees of PT SMI celebrated the company's 16th anniversary with the theme
Management and employees of PT SMI celebrated the company’s 16th anniversary with the theme “Delivering Development through Resilience”.

In his speech at the 16th anniversary celebration of PT SMI with employees, the President Director of PT SMI, Reynaldi Hermansjah, mentioned that there is a spirit of perseverance that the Company is promoting this year. “On our 16th anniversary on February 26, 2025, PT SMI carries the theme ‘Delivering Development through Resilience’. These words are not just a slogan, but a philosophy that will accompany the Company’s business and operational activities. This philosophy focuses on how PT SMI will deploy all its capabilities, continuously innovate to deliver equitable development. However, in this context, “resilience” encompasses the ability to face and rise from difficulties, failures, pressures, and the ability to adapt to existing challenges,” said Reynaldi.

“Resilience” itself is one of the 6 corporate values of PT SMI, which has indeed been integrated into the very essence of all PT SMI employees, commonly known as SMIers. Other corporate values of the company include “Integrity”, “Service Excellence”, “Partnership”, “Trust” and also “Innovation”. SMIers are expected to embody the spirit of resilience to contribute to long-term national development in order to build a solid foundation for inclusive and sustainable growth.

Since its establishment on February 26, 2009, PT SMI has played a central role as a Special Mission Vehicle (SMV) under the Ministry of Finance. PT SMI is able to provide alternative solutions for infrastructure development financing through innovative loan products. PT SMI has become a catalyst for infrastructure development in Indonesia while also addressing the Market Mismatch in Financing and Project Readiness in the infrastructure sector.

PT SMI has grown very rapidly since its first financing in the irrigation sector amounting to IDR 248 billion. The Company has recorded active financing commitments until December 2024 amounting to Rp 148.9 trillion and an outstanding amount of Rp 96.3 trillion. The total project value from PT SMI’s financing reached Rp 1,153 trillion. From the total project financing, PT SMI has generated a multiplier effect of 7.75 times against the total commitment, and 37.79 times against the paid-up capital.

The three largest sectors financed by PT SMI are the road and toll road sector, the electricity sector, and the transportation sector. PT SMI’s financing in the road sector has resulted in 4,511 kilometers of toll roads. Meanwhile, in the electricity sector, PT SMI helped increase electricity production by 7.7 Gigawatts, lighting up 5.9 million households. In the transportation sector, the output and outcome of PT SMI’s financing are more diverse depending on the mode being financed. For example, PT SMI helped finance the construction of 646 train carriages and 242.1 kilometers of railway. This increased the number of passengers by 109.6 million people per year.

“In its support for domestic projects, PT SMI has recorded several achievements in financing various sectors, including the connectivity sector and the renewable energy sector. The top 3 sectors financed by PT SMI, have generated impact on economic output amounting to Rp 1,696.5 trillion,” explained Reynaldi.

Since 2016, PT SMI has also become a strategic partner of the Regional Government through regional loan facilities. As of December 2024, PT SMI has disbursed regional loans amounting to IDR 36.66 trillion in the form of commitments, and IDR 21.19 trillion outstanding. Some examples of projects that received regional loan support from PT SMI include road construction in Tabalong Regency, the Konaweha Bridge in Kolaka Regency, the Bersehati Market in Manado City, the Regional Public Hospital (RSUD) in Solok Regency, the NTB Provincial RSUD, the Teratai Tower in Banyumas Regency, and the RSUD in Bangli Regency.

During the COVID-19 pandemic in 2020 and 2021, PT SMI also assisted the Government in performing a countercyclical role by distributing National Economic Recovery (PEN) loans to Regional Governments and State-Owned Enterprises (BUMN). The PEN loans disbursed provided a positive contribution by mitigating economic contraction, encouraging national economic growth, increasing household income, and creating jobs.

To further accelerate public financing, PT SMI is now in the early stages of transforming into Development Finance Institution (DFI). “We recognize the importance of regional loans to drive development, as well as the increasing need for public services. As a DFI, PT SMI will not only focus on financing large-scale infrastructure projects but also strengthen support for local governments to align economic growth and inclusive development. PT SMI will function like a “Mini World Bank” that more actively provides access to financing, but not at the national level, rather to local governments, with the aim of generating a greater impact on the economy and society in the regions,” said Reynaldi.

One of the pillars in realizing transformation process as a DFI is by establishing SMI Institute (SMII) in 2023. The presence of SMII is utilized to conduct studies in the regions related to the sectors needed, regional clustering studies based on socio-economic conditions and the fiscal capacity of the regions, as well as the socio-economic impact of the programs that will be funded by PT SMI. In the end, PT SMI’s public financing programs will become more targeted and focused on the sectors that were indeed needed by the local governments in Indonesia.

PT SMI also plays a strategic role in supporting the achievement of Sustainable Development Goals (SDGs) and achieving net zero carbon. By focusing on research-based soft loans and aligning activities with the principles of People, Planet, Profit, and Prosperity, PT SMI aims to maximize its impact on sustainable development.

The momentum of Indonesia’s G20 Presidency in 2022 also serves as an opportunity for PT SMI to demonstrate its capability in supporting the government to address global challenges, particularly the impact of climate change. The Indonesian government, through the Ministry of Finance, has appointed PT SMI as the Country Platform Manager to oversee the transition from fossil energy to environmentally friendly energy.

The Indonesia ETM Country Platform will mobilize funding support from international partners, including multilateral, bilateral, philanthropic, and private sector entities, to facilitate the government in preparing energy transition investment plans and climate investment funding to accelerate the operational period of fossil fuel energy sources, specifically coal-fired power plants (PLTU). Until now, PT SMI has received support from 18 partners, which consist of grant partners, financing partners, knowledge & technical partners, and investment partners.

Since 2018, PT SMI has stopped financing fossil fuel power plant projects and shifted its focus to renewable energy power plants such as hydro, mini-hydro, solar, geothermal, biomass, and wind power plants. As of December 2024, PT SMI has financed 94 climate-related projects with a cumulative commitment of IDR 33.45 trillion and project value of IDR 174.8 trillion. 49 projects have been calculated and resulted in a potential avoided Greenhouse Gas of 6.8 million tons of CO2e and a potential Carbon Credit Equivalent of 25 million USD.

PT SMI also manages the SDG Indonesia One (SIO) platform, which is a platform that supports the achievement of the Sustainable Development Goals (SDGs). This platform combines public and private funds through blended finance to be allocated for infrastructure projects related to the SDGs. This blended finance scheme has successfully supported several strategic projects, including the Jawa-1 Gas-Fired Power Plant (PLTGU) project and support for the Tembesi Solar Power Plant (PLTS), which is the second-largest floating solar power plant in Indonesia with a capacity of 46 MWp.

Happy 16th Anniversary PT SMI. May we continue to ignite the spirit of building the nation.

About PT Sarana Multi Infrastruktur (Persero) (“PT SMI”)

PT Sarana Multi Infrastruktur (“Persero”) (“PT SMI”), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance of the Republic of Indonesia, in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as an agent of sustainable development. PT SMI has 3 business pillars, namely Commercial Financing, Public Financing, and Project Development and Advisory Services.

PT SMI has various functions and unique products / features to support the acceleration of infrastructure development, which not only serves as infrastructure financing but also as an enabler through the implementation of the Government and Business Entity Cooperation (KPBU) scheme, involving various financial institutions both private and multilateral. PT SMI actively supports the implementation of Public Private Partnership (PPP) and encourages the acceleration of infrastructure development in the regions through regional loan products.