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Shilpa Medicare’s NorUDCA Makes History as First Approved NAFLD Therapy Worldwide

  • Shilpa Medicare emerges as the global pioneer to receive approval for NorUDCA, offering new hope to over a billion people affected by Non-Alcoholic Fatty Liver Disease (NAFLD)
  • NAFLD affects 1 in 4 people globally (1.2 billion), with 188 million patients in India—most undiagnosed until irreversible damage occurs.
  • A Breakthrough in Liver Health: NorUDCA delivers a novel dual-action mechanism, combining anti-inflammatory benefits with enhanced bile acid regulation. This innovative therapy promises to halt the progression of NAFLD to severe liver conditions such as NASH, cirrhosis, and liver failure.
  • Clinically Proven and Safe: Robust clinical trials demonstrate NorUDCA’s significant superiority over placebo in efficacy, with an excellent safety profile and no major adverse events reported

RAICHUR, India, Aug. 14, 2025 /PRNewswire/ — In a landmark moment for global hepatology and Indian pharmaceutical innovation, Shilpa Medicare Limited (BSE: 530661) (NSE: SHILPAMED) has secured the world’s first regulatory approval from India’s Central Drugs Standard Control Organization (CDSCO) for Nor Ursodeoxycholic Acid (NorUDCA) Tablets 500 mg, the first-ever approved therapy targeting NAFLD.

Mr. Vishnukant Bhutada, Managing Director, Shilpa Medicare, hailed the approval as a “transformational leap”:

“Receiving approval for NorUDCA marks a transformational leap—not only for Shilpa Medicare but for millions silently suffering from liver disease. We are honored to be the first company globally to bring this innovative therapy to patients, reflecting our unwavering commitment to pioneering healthcare solutions and expanding access to life-changing treatments across India and beyond. We are excited to launch NorUDCA in India immediately and are actively pursuing approvals worldwide to ensure this vital therapy reaches patients everywhere in need.”

Shilpa Medicare is committed to rapidly commercializing NorUDCA in India and pursuing international regulatory pathways, aiming to bring this life-altering treatment to patients on a global scale

About Shilpa Medicare Limited:

Shilpa Medicare Limited is a fully integrated pharmaceutical group specializing in innovative Oncology and Non-Oncology APIs, Peptides, Polymers, New Biological Entities and differentiated finished dosage formulations such as Orally Dispersible Films and Transdermal Patches. The company offers end-to-end CDMO services to global pharmaceutical partners, supported by four advanced R&D centers and seven manufacturing facilities, consistently driving innovation and quality in healthcare. www.vbshilpa.com

BLUETTI Portable Power Stations Provide Winter Outage Backup and Travel Comfort

SYDNEY, Aug. 14, 2025 /PRNewswire/ — As winter grips Australia, some cities like Canberra have seen more unplanned outages amid high electricity demand. These blackouts aren’t just inconvenient—they can be dangerous, especially for the elderly or those relying on electric heating. A quiet, clean portable power station offer warmth and light indoors, without carbon monoxide risk or loud noise.

BLUETTI Portable Power Stations Provide Winter Outage Backup and Travel Comfort
BLUETTI Portable Power Stations Provide Winter Outage Backup and Travel Comfort

Leading portable power player BLUETTI has been around for over a decade, earning its place with innovative portable power stations and solar generators. Its new Apex 300, Elite 100 V2, and Elite 30 V2 help combat winter cold at home, on the road, or wherever grid power is unavailable.

Heating Homes Without High Power Bills

When an outage leaves the house dark and cold, the Apex 300 home battery delivers 3,840W power (7,680W surge), easily running an 8,100 BTU air conditioner. Its 2,764.8Wh battery keeps lights on and a space heater blowing hot air for hours. If blackouts last longer, users can add extra batteries to increase total capacity to 19.3kWh, providing days of whole-home backup.

High heating demand often comes with high electricity bills. Homeowners can use Apex 300’s Peak Shaving to store low-rate grid power and run homes during peak hours. The efficient SolarX 4K charger can harvest up to 4,000W solar energy to further lower costs.

Stay Comfortable During Winter Adventures

Many Aussies head north for winter camping yet still need reliable power. The 11.3kg Elite 100 V2 portable power station delivers 1,800W (3,600W surge) through multiple outlets, powering essentials like microwaves or electric blankets. With Charger 1, it recharges in just 1.8 hours on the road.

For lighter needs, the 4.3kg Elite 30 V2 portable power station outputs 600W, with 288Wh storage to recharge a 40Wh laptop four times via its 140W USB-C port. Its 1,200W lifting power can also run a mini kettle for a hot brew.

Exclusive Winter Offer: Save Up to 38% + Extra 10%

From August 13 to 28, BLUETTI offers up to 38% off its portable power stations and power kits, including early bird pricing for the Apex 300. Plus, until September 30, use code BLUETTIAPEX for an extra 10% off the Apex 300. Shop now to stay safe and warm at home or on the road.

FIEE Announces Fiscal 2025 First Half Unaudited Financial Results

First Half Revenue of $45,118
Prepaid subscription fees received from customers for our SaaS service were $
1.5 Million.

HONG KONG, Aug. 14, 2025 /PRNewswire/ — FiEE, Inc. (NASDAQ:FIEE) (“FiEE” or the “Company”), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its unaudited financial results for the three and six months ended June 30, 2025.

Operational and Financial Highlights for the Three and Six Months Ended June 30, 2025

  • Net sales for the three months ended June 30, 2025 were $44,993, a significant increase from 
    $125 for the three months ended March 31, 2025. The increase in net sales was primarily a result of the Company’s strategic transition from legacy hardware operations to software-as-a-service (“SaaS”) solutions, with a new focus on integrating artificial intelligence and data analytics into content creation and brand management. The Company secured its first customer orders and generated initial sales, marking a critical milestone in the strategic pivot. Net sales for the six months ended June 30, 2025 were $45,118, down from $639,893 year-over-year, which was primarily due to our strategic business transformation.
  • As of June 30, 2025, the Company onboarded 245 customers, representing a considerable increase compared to 1 new customer upon launching its SaaS services on March 28, 2025, illustrating the early traction of our new SaaS products. Prepaid subscription fees received from customers for our SaaS service were $1.5 million which highlights the early traction of our SaaS offerings.
  • Gross profit for the six months ended June 30, 2025 was $438, down from $207,259 for the six months ended June 30, 2024, which was primarily due to our strategic business transformation.
  • Net loss for the six months ended June 30, 2025 was $1,013,590 representing a significant improvement as compared to a net loss of $3,746,867 in the first half of 2024. The narrowing of our net loss highlights the early success of our strategic transition.
  • Net cash provided by operating activities for the six months ended June 30, 2025 was $171,955, comparing with the cash used from operating activities of $2,878,506 in the first half of 2024.

Rafael Li, Chief Executive Officer of FiEE, commented, “FiEE has been undergoing a strategic transition from legacy hardware operations to redefine brand management solutions in the digital era. We are glad to present the first financial statement after the strategic transformation. Despite being at the early stage of the transition, we have seen several encouraging figures, showing that our hardship has paid off and resulted in early successes. First, we have achieved new customers adopting our SaaS solution in the second quarter. Prepaid subscription fees received from customers for our SaaS service were $1.5 million, which marked a significant milestone for our new business. We anticipate adding additional customers in the near future with increasingly sophisticated product offerings. In addition, we have greatly reduced our net loss in the first half of 2025, as a result of our strengthened cost management and new business development.”

Mr. Li further mentioned, “New growth areas required upfront capital associated with market entry and product deployment. To accelerate our growth, we have recently acquired advanced technologies including product authentication featuring systematic algorithmic verification and certification, high-efficiency file transfer systems and KYC solutions for robust and efficient data protection, powering our SaaS products. We are providing comprehensive protection for original creations, digital arts, NFTs, and exclusive content, aiming to cultivate an expansive KOL community. This marks an exciting development for our Company, and we are confident in our path towards sustainable growth and enduring value.”

Financial Results for the Six Months Ended June 30, 2025

Net Sales were $45,118, compared to $639,893 in the same period of fiscal year 2024.

 

Net Sales

 

Six Months Ended

%

June 30 2025

June 30 2024

change

$

$

YoY

Product sales

•         Cable modems & gateways

638,804

(100 %)

•         Other network products

1,089

(100 %)

•         SaaS – MCN digital services

45,118

N/A

Total

45,118

639,893

(93 %)

 

Gross profit was $438, compared to $207,259 in the same period of 2024.

Gross margin was 1.0%, compared to 32.4% in the same period of 2024. It was not representative of future trends, as the new business was in its initial launch phase during this period, incurring elevated upfront costs associated with market entry, product deployment, and operational ramp-up.

Operating expenses were $1,008,470, representing a decrease of 74.6% from $3,965,424 in the same period of 2024.

  • Selling and marketing expenses were $16,811, representing a decrease of 74.6% from $66,171 in the same period of 2024. The decrease was primarily due to (i) reduction in sales support costs in 2024 and (ii) lower operational scale during the initial phases of business development in 2025. For the remainder of fiscal year 2025, our selling and marketing expenses may fluctuate based on actual net sales and the timing and scope of marketing programs.
  • General and administrative expenses were $944,240, representing a decrease of 40.4% from $1,585,030 in the same period of 2024. The decrease was primarily due to our business transformation from hardware-focus to software-focus, along with the Company’s cost reduction efforts.
  • Research and development expenses were $47,419, representing an decrease of 58.1% from $113,294 in the same period of 2024. The research and development expenses incurred in 2025 were primarily used for software subscriptions and support costs. In the first quarter of 2025, we partnered with a new vendor to develop the “FiEE All-in-One Media Operations SaaS Platform” which is designed to provide content creation, multi-platform publishing, data analytics, and collaboration tools for media teams and individual creators.

Operating loss was $1,008,032, representing a reduction of loss by 73.2% comparing with the same period of 2024.

Net loss was $1,013,590, representing a reduction of loss by 72.9% comparing with the same period of 2024.

Diluted net loss per share was $0.2, representing a reduction of loss by 84.3% comparing with the same period of 2024.

Total cash and cash equivalents were $4,504,079, compared to $30,162 as of December 31, 2024.

About FiEE, Inc.

FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint.

FiEE, Inc.’s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE, Inc.’s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company’s expectation or belief concerning future events. Without limiting the foregoing, the words “believes,” “expects,” “may,” “might,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation and (iii) our long-term growth objectives and opportunities.

By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements” included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

 

(financial tables follow)

 

FIEE, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED

BALANCE SHEETS

June 30,
2025

(Unaudited)

December 31,

2024

$

$

ASSETS

Current assets

Cash and cash equivalents

4,504,079

30,162

Other receivable

519,822

Prepaid expenses and other current assets

179,742

134,757

Total current assets

5,203,643

164,919

Property, equipment and software, net

268,416

119,871

Operating lease right-of-use assets, net

59,236

Intangible assets

1,269,658

Deferred offering costs

150,000

Other assets

99,664

22,245

Total assets

7,050,617

307,035

LIABILITIES AND STOCKHOLDERS’ EQUITY
(DEFICIT)

Current liabilities

Accounts payable

143,414

Contract liabilities

1,468,346

Other payables

1,527,933

Accrued expenses and other current liabilities

756,732

293,613

Convertible note payable to related party

305,425

Current maturities of operating lease liabilities

58,801

Total current liabilities

4,117,237

437,027

Total liabilities

4,117,237

437,027

Stockholders’ equity (deficit)

Preferred stock

1,639,779

1,639,779

Common stock

62,244

37,138

Additional paid-in capital

98,936,041

94,886,147

Accumulated deficit

(97,707,603)

(96,694,013)

Accumulated other comprehensive income

2,919

957

Total stockholders’ equity (deficit)

2,933,380

(129,992)

Total liabilities and stockholders’ equity (deficit)

7,050,617

307,035

 

 

FIEE, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED

STATEMENTS OF OPERATIONS SHEETS

  Six Months ended

June 30,
2025

(Unaudited)

June 30,

2024

$

$

Net sales

45,118

639,893

Cost of sales

44,680

432,634

Gross profit

438

207,259

Operating expenses:

Selling and marketing

16,811

66,171

General and administrative

944,240

1,585,030

Research and development

47,419

113,294

Vendor liability forgiveness, net of asset transfers

2,200,929

   Total operating expenses

1,008,470

3,965,424

Operating loss

(1,008,032)

(3,758,165)

Other income (expense):

Interest income (expense), net

(5,427)

82

Foreign currency exchange loss

(131)

Total other income (expense)

(5,558)

82

Loss before income taxes

(1,013,590)

(3,758,083)

Income tax benefit

(11,216)

Net Loss

(1,013,590)

(3,746,867)

Net loss per share:

      Basic and diluted

(0.20)

(1.27)

 

Basic and diluted weighted average common and

common equivalent shares

 

 

5,090,949

 

 

2,946,355

 

 

 

Jianpu Technology Inc. Announces Ex-dividend Date for Recently Announced Cash Dividend

BEIJING, Aug. 14, 2025 /PRNewswire/ — Jianpu Technology Inc. (“Jianpu,” or the “Company”) (OTCQB: AIJTY), a leading open financial technology platform in China, today announced that FINRA has set September 9, 2025 as the ex-dividend date for the Company’s special cash dividend to be paid in September 2025 that was announced on August 7, 2025. As the cash dividend of US$0.0995 per ordinary share, or US$1.99 per American depositary share (“ADS”), exceeds 25% of the Company’s ADS price, FINRA has determined that the ex-dividend date will be September 9, 2025, the first business day following the expected dividend payment date of September 8, 2025.

Accordingly, the due bill procedures will be applied. The due-bill obligations are settled customarily between the brokers representing buyers and sellers of the securities. Jianpu has no obligation for either the amount of the due bill or the processing of the due bill. Buyers and sellers of Jianpu’s ADSs should consult their brokers before trading to ensure they understand the effect of the due-bill procedures.

About Jianpu Technology Inc.

Jianpu Technology Inc. operates a leading open financial technology platform, under the Rong360 brand, connecting users with an extensive spectrum of financial products and other products and services. By leveraging cutting-edge digital technology, the Company offers intelligent and comprehensive search and recommendation results in a seamless, efficient, and secure manner to meet the needs of its diverse audience. The Company also enables financial and non-financial partners to enhance their efficiency and competitiveness by offering digital intelligence as a service, including data- and analytical-based risk management, intelligent marketing, and other integrated solutions and services. As the Company expands into FinTech+ ecosystem and broadens its global footprint, it will continue to innovate and solidify its influence in the space of financial technology and digital transformation. For more information, please visit http://ir.jianpu.ai.

Safe Harbor Statement

This press release 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,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, 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: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the Company’s expectations regarding demand for, and market acceptance of, its solutions and services; the Company’s expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborates with; trends, competition and regulatory policies relating to the industries the Company operates in; general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Jianpu Technology Inc.
(IR) Xinren Wang, E-mail: IR@rong360.com 
(PR) Amanda Hu, E-mail: Media@rong360.com 
Tel: +86 (10) 6242 7068 

 

CTERA Receives Frost & Sullivan’s 2025 Global Company of the Year Award for Excellence in Hybrid Cloud Storage Leadership

Recognized for innovation and exceptional customer impact in the hybrid cloud storage market

SAN ANTONIO, Aug. 14, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that CTERA has been awarded the 2025 Global Company of the Year Award in the Hybrid Cloud Storage market for the strength of its global file system platform, its industry-leading security capabilities, and its commitment to launching innovative product enhancements and creating a growth-oriented business.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: growth and innovation. CTERA excelled in both, demonstrating its ability to align strategic initiatives with market demand while executing them with efficiency, consistency, and scale.

“CTERA’s platform optimizes file storage and transfer in complex, multi-cloud environments. CTERA Direct, a service within the platform, enhances file transfer speeds via its ultra-fast, edge-to-cloud file transfer protocol, which provides fast movement of data for data-heavy workloads,” said Karyn Price, Industry Principal, ICT, Frost & Sullivan. “Perhaps most compelling is the military-grade security capabilities that CTERA offers to its customers. The CTERA platform provides native data protection and restoration capabilities, enabling customers eliminate separate data protection services if they choose.”

Guided by a long-term growth strategy focused on hybrid cloud storage innovation, CTERA has shown its ability to adapt and lead in a rapidly evolving landscape. The company’s strategic agility and sustained investment in its platform have enabled it to scale effectively across global markets and serve the demanding needs of both public and private sector clients.

Innovation remains central to CTERA’s approach. Its suite of data management solutions addresses the full spectrum of enterprise data challenges, offering seamless collaboration, high-speed data transfer, and unified data access across edge and cloud environments.

“CTERA being recognized by Frost & Sullivan is truly an honor, reflecting our hard work and dedication. Our mission has always been to revolutionize cloud storage and data management, and this recognition motivates us to continue leading the way.”

CTERA’s unwavering commitment to the customer experience further strengthens its position in the market. By streamlining service delivery, enabling self-service through advanced management portals, and maintaining high levels of data availability and security, the company continues to meet the needs of its growing, globally distributed customer base. Its partner-led delivery model and emphasis on localized support have been key to delivering long-term value across diverse market segments.

Frost & Sullivan commends CTERA for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first culture are shaping the future of hybrid cloud storage and driving tangible results at scale.

Each year, Frost & Sullivan presents the Company of the Year Award to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The award recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

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

About Frost & Sullivan

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

Contact:

Ashley Shreve
E: ashley.weinkauf@frost.com 

About CTERA
CTERA is the global data management leader, enabling organizations of all sizes to efficiently and effectively manage, protect, store, and leverage their data across highly distributed environments. With a foundation built on military-grade security, limitless scale, and seamless integration, the CTERA Intelligent Data Platform empowers organizations to align their data management strategies to continuously deliver against today’s business needs and  tomorrow’s vision.

Picarro Network Intelligence Selected by Cadent to Reduce Methane Emissions and Enhance Safety and Operational Efficiency

COVENTRY, England and SANTA CLARA, Calif., Aug. 14, 2025 /PRNewswire/ — Cadent, the UK’s largest gas distribution network and Picarro Inc., a global leader in methane emission management and reduction solutions, today announced that Picarro’s solutions were selected for deployment throughout Cadent’s network as part of an expansion of the partnership between the two companies. The combination of Picarro’s vehicle-mounted high sensitivity methane and ethane detectors, advanced analytics, and robust software will enable Cadent to evolve into proactive operations and data-driven management to enhance safety and asset management, reduce emissions, and increase operational efficiency.

“This new milestone in our journey to do the very best for our customers is a demonstration of our steadfast commitment and leadership in transforming our industry to meet the challenges of reducing emissions and to ensure safety and affordability for all our customers,” said Howard Forster, Chief Operating Officer of Cadent.

“The opportunity to expand our partnership with Cadent, a leader of the natural gas industry in Europe, has been invaluable for Picarro and we look forward to helping them reach their ambitious goals. This success is a testimony to our collaborative business approach that aims to transform our customers’ practices from leak detection towards network intelligence,” said Alex Balkanski, Chief Executive Officer of Picarro.

From Leak Detection to Network Intelligence

Picarro’s integrated solution combines advanced hardware, cutting-edge analytics, and robust software to deliver unparalleled insights into methane emissions and operational efficiency. Operators leverage Advanced Mobile Leak Detection (AMLD) technology to create a data-driven, GIS-centric representation of a gas network and its emissions. They tap into this holistic and consolidated view to strategically plan maintenance activities, deploy resources and maximize asset value. By embracing Network Intelligence, operators can enhance safety, meet regulatory demands, and lead the way in environmental stewardship.

About Cadent

Cadent is the UK’s largest gas distribution network with a 200-year legacy. We are in a unique position to build on strong foundations whilst encouraging the curiosity to think differently and the courage to embrace change. Day to day we continue to operate, maintain and innovate the UK’s largest gas network, transporting gas safely and protecting people in an emergency. Our skilled engineers and specialists remain committed to the communities we serve, working day and night to ensure gas reaches 11 million homes from Cumbria to North London and the Welsh Borders to East Anglia, to keep your energy flowing.

About Picarro

Picarro is a global leader in leak management and emissions reduction, providing operators with tools to revolutionize risk management. The enterprise solution helps lower emissions, optimize asset management, and reduce costs within a unified framework. With Picarro technology and analytics, operators can proactively manage leaks, prioritize critical issues, and assess gas system health and performance continuously. For more information, visit www.picarro.com/gas.

Media Contact:
Monica Marmie
Senior Marketing Manager
Picarro
mmarmie@picarro.com

OMAN ANNOUNCES NEW FISCAL INCENTIVES TO ENSURE DELIVERY-READINESS OF GREEN HYDROGEN PROJECTS UNDER THIRD AUCTION ROUND

MUSCAT, Oman, Aug. 14, 2025 /PRNewswire/ — The Sultanate of Oman, represented by Hydrom, the orchestrator of its national Green Hydrogen Strategy, has announced new fiscal incentives designed to enhance the commercial viability of projects that will be awarded through the ongoing third green hydrogen auction round. The measures are a targeted response to a market sounding exercise conducted by Hydrom earlier this year and evolving global market dynamics, reaffirming the country’s position as one of the world’s most structured and investment-ready hydrogen ecosystems.

Oman Announces New Fiscal Incentives for R3
Oman Announces New Fiscal Incentives for R3

The new incentive includes a 90% reduction in land lease fees during the development stage with potential for further relief during the Front-End Engineering Design (FEED) phase, alongside significant reductions in base royalties during the initial years of production, and Corporate Tax exemptions for up to 10 years. Together, these measures are designed to support early-stage project economics, improve internal rates of return, and facilitate accelerated progress towards final investment decisions.

Designed with flexibility, transparency, and scalability at its core, Oman’s third auction round is progressing with strong momentum, offering a land block of up to 300 square kilometers in Duqm and inviting proposals for projects covering a minimum of 100 square kilometers. Bidders have the flexibility in defining their project footprint within the block, enabling tailored configurations that align with individual development strategies and market requirements.

To date, almost 100 registrations have been received from major industry players and consortia across the green hydrogen value chain. This strong market response underscores a sustained appetite for structured, policy-backed green hydrogen development opportunities. Round 3 continues to attract serious first movers and institutional investors seeking to scale up operations in a competitive and structured environment.

The Statement of Qualification (SoQ) submission window remains open until 31 October 2025, and Hydrom encourages all interested parties to register and submit their documents via the dedicated platform. To support the formation of strong consortia in Round 3, Hydrom will launch an updated consortium matchmaking list, an established tool that has successfully connected qualified participants seeking strategic project partnerships.

For more information, visit: www.hydrom.om

Photo – https://laotiantimes.com/wp-content/uploads/2025/08/hydrom.jpg

Viewing China and the world through the lens of the ‘two mountains’ concept and its practice: Global Times

BEIJING, Aug. 14, 2025 /PRNewswire/ — 

I. Green and low-carbon development is shaping China and influencing the world.

August 15 marks China’s National Ecology Day. On this day in 2005, Xi Jinping, then secretary of the Zhejiang Provincial Committee of the Communist Party of China (CPC), visited Yucun Village in Anji County and proposed the “two mountains” concept, which asserts that “lucid waters and lush mountains are invaluable assets.” This concept has since charted the course of green transformation across East China’s Zhejiang Province.

In the new era, this important concept has been elevated to a key component of the new development philosophy, highlighting the distinctive features of Chinese modernization, guiding continuous progress in building a Beautiful China, and providing a valuable example for global sustainable development.

Recently, the first volume of selected works of Xi Jinping, general secretary of the CPC Central Committee, on ecological civilization has been published. This volume comprehensively showcases the theoretical, practical and institutional innovations in promoting ecological civilization in the new era, systematically reflecting the rich connotations, scientific framework and original contributions of Xi Jinping Thought on Ecological Civilization.

Today, China has built the world’s largest and fastest-growing renewable energy system as well as the largest and most complete new energy industrial chain. Contributing a quarter of the world’s newly-added area of afforestation, China leads the world in the speed and scale of “greening,” standing as a steadfast actor and major contributor in promoting global green development.

In the first half of this year, China’s economy has made steady progress, prompting external evaluations of “growth exceeding expectations.” The “steady” reflects a solid foundation in the real economy, while the “progress” highlights the accelerated development of new quality productive forces. Since the beginning of the new era, China’s economy has continuously grown stronger despite challenges, with the green foundation of high-quality development becoming increasingly prominent.

Based on the developmental practice of these three pairs of relationships – economic development and ecological protection, legal governance and cultural enrichment, “Beautiful China” and “a clean and beautiful world” – our understanding of the Party’s innovative theories in the new era, including their originality, historical significance and global contributions, has grown even deeper.

II. High-quality development and high-standard protection complement each other. High-standard protection supports high-quality development, ensuring the sustainable development of the Chinese nation and the continuous inheritance of Chinese civilization.

Faced with the global challenge of balancing development and protection, the “two mountains” concept addresses this issue through dialectical thinking, provides solutions with a systematic perspective, and innovates upon traditional growth theories. It breaks the mind-set trap of the “binary opposition” between economy and ecology as well as the path dependence of “pollution first, treatment later” that characterized the modernization process in the West, guiding China in the new era toward a road of sustained development of civilization, with advanced production, affluent life and favorable ecological conditions.

In the entire process of building Chinese modernization, “we must maintain a healthy interaction between high-quality development and high-level security,” General Secretary Xi Jinping’s important remarks reveal the practical path of ecological civilization construction that benefits the present and the future.

Prioritizing protection means accounting for the big picture, the long term, the whole, and the overall benefits, firmly grasping the strategic positioning within the country’s overall development framework.

Upholding green development – as reflected in the important statement that “new quality productive forces are inherently green” – reveals the deep logic of taking green and low-carbon development as the fundamental solution to ecological and environmental issues.

Major economic provinces and regions have taken on the responsibility of being the “main pillar,” while others act according to local conditions and leverage their own strengths, forming a combined force and momentum for high-quality development.

From expanding the pathways to transform lucid waters and lush mountains into invaluable assets, to building an industrial structure with high technological content, low resource consumption and minimal environmental pollution, and to accelerating the formation of green production and lifestyles, China will surely lay a solid material foundation and leave behind clear waters and verdant mountains for future generations.

III. “Good laws are a prerequisite for good governance” and “promoting Chinese culture to increase mutual understanding” work in tandem, balancing external constraints with internal motivation to form a strong synergy for protecting the ecological environment, ensuring that there will always be blue skies, green mountains and lucid water for all generations to come.

As “the fairest public product” and “the most inclusive public benefit,” it can only be safeguarded through the strictest systems and the most rigorous rule of law, which can prevent excessive exploitation and wanton destruction, ensuring that resources are used in moderation and conduct remains within proper bounds.

How did the Xin’an River transform from an ecological crisis to a model of green development? To improve the institutional framework, the “ecological compensation mechanism” was introduced for the first time in cross-provincial watershed governance practices. Legislative gaps were addressed with the enactment of local regulations such as the “river chief” and “lake chief” systems, as well as the regulation on pesticide administration. Joint law enforcement efforts were strengthened to control multiple pollution sources, and judicial collaboration was enhanced with the establishment of the ecological protection circuit court and the Xin’an River judicial protection workstation. By adhering to the rule of law, the Xin’an River has transitioned from “frequent interventions” to “sustainable governance” in the new era.

From “all living things flourish” to “harmonious coexistence,” China’s outstanding traditional ecological culture has radiated new brilliance in the new era through creative transformation and innovative development.

In a village in Nyingchi City, Southwest China’s Xizang Autonomous Region, green points earned through environmental protection behaviors serve as a key reference for granting preferential loans, motivating villagers to shift from “being demanded to protect” to “choosing to protect.” Since the implementation of the 10-year fishing ban on Yangtze River, policies ensuring basic livelihoods and providing employment guidance have been introduced, encouraging fishermen to transition into “fish protectors.” Governance reforms are driving changes in public attitudes.

By consolidating the value proposition that “the environment means well-being, the green mountains mean beauty and blue sky also represents happiness,” and by forming the consensus and action that “lucid waters and lush mountains are invaluable assets,” the innovative theories of the CPC in the new era have been liked, accepted and adopted by the people in practice. These theories have crystallized into the essence of Chinese culture and the Chinese spirit in this era.

IV. The concept that “lucid waters and lush mountains are invaluable assets,” also known as the “two mountains” concept, was proposed 20 years ago and has now become the foundation of China’s ecological civilization construction and a beacon of wisdom for global green development.

China is becoming a leader in promoting the global transformation of ecological civilization.” “The concept that ‘lucid waters and lush mountains are invaluable assets’ belongs to both China and the world.” Many international observers believe that this concept will guide us toward a more sustainable and equitable future.

The Port of Chancay in Peru is a key project in the China-proposed Belt and Road Initiative (BRI). The adjacent wetlands are a vital bird habitat.

From introducing a new vibration-compaction process to treat the foundation, reducing noise and dust pollution by 40 percent, to promoting wastewater recycling and saving more than 25 percent of water, the bird population in the wetlands remained undisturbed during the three years of construction. Mayor of Chancay, Juan Alberto Álvarez Andrade, hailed the Chancay Port project as one that’s both “golden” and “green.”

Establishing an international alliance for green development, formulating green investment principles, and building a green supply chain platform, the BRI, a green development path, fully demonstrates China’s pragmatic actions to inject green energy and provide green opportunities for participating countries.

Andrew Schwartz, vice president of the Institute for Ecological Civilization based in the US, believes that China has integrated the concept of “lucid waters and lush mountains are invaluable assets” into all areas of ecological civilization development, providing a compelling alternative to other development models, one that is timely, far-sighted, and inspiring.

Severe global challenges such as climate change, food security and energy security urgently require joint responses from all countries.

This year marks the 10th anniversary of the Paris Agreement. In the evolution of history, green and low-carbon development has finally become a trend of the times, and the international community is increasingly interdependent. China insists on carrying out green international cooperation to empower world modernization and benefit people of all countries with modernization in which humanity and nature live in harmony.

From the community of all life on Earth to the community with a shared future for humanity, from the harmonious coexistence of humans and nature to the global solidarity of the international community, the “He” (harmony) culture runs through it all. The essence of the “two mountains” concept and the essence of Chinese culture reveal the bright future of global development: The harmony between nature and society, and between individuals and groups, is the ideal of our nation. Our nation’s cohesion and creativity are also based on this.

“Humanity should overcome difficulties in solidarity and pursue common development in harmony. We should keep moving toward a community with a shared future for mankind, and jointly create a better future.”