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High-Quality Urban Development Creates Policy Tailwinds, Luda Technology Group Limited (LUD.US) Well-Positioned to Benefit

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HONG KONG, Sept. 2, 2025 /PRNewswire/ — The Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting High-Quality Urban Development (the “Guiding Opinions”) were recently officially released. Driven by this new policy impetus, capital markets have promptly responded with positive signals towards related industries. Among them, Luda Technology Group Limited and its subsidiaries (the “Luda Technology“ or “Company”, NYSE: LUD.US) saw its shares surge more than 15% in a single trading day on August 27, and continued to draw substantial market attention. As a leading enterprise in metal pipe fitting manufacturing and trading, the Company will leverage its core technologies and strategic positioning to fully capitalize on the new development opportunities presented by these policies. Luda Technology remains committed to providing high-quality products and solutions for urban infrastructure upgrades and global pipeline construction projects.

The Guiding Opinions explicitly state that China’s urbanization has transitioned from a period of rapid growth to one of stable development, with urban development entering a new phase focused primarily on improving the quality and efficiency of existing stock. The policy clearly outlines goals to enhance the comprehensive competitiveness of super-large and megacities, promote urban agglomeration integration and metropolitan area coordination in a steady and orderly manner, and support regions like the Beijing–Tianjin–Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area in developing into world-class city clusters. Simultaneously, it aims to enhance the capacity of small and medium-sized cities and county towns, improve infrastructure and public service provision, and develop the county economy.

Within this quality-oriented new urban construction cycle, urbanization and infrastructure investment are expected to grow significantly. Particularly, natural gas pipeline projects will drive sustained increases in demand for pipe fittings. Furthermore, the mainland’s push for natural gas power generation to address coal-fired pollution issues has resulted in strong urban gas demand, further stimulating investment in natural gas-related infrastructure. According to market research reports, the global pipeline and pipe fittings market size is projected to reach approximately USD 8 billion by 2025, with an average annual growth rate of nearly 5%.

As a leading enterprise in the metal pipe fittings manufacturing industry and currently the only representative in this sector listed in the U.S., Luda Technology has been dedicated to the R&D, manufacturing, and global trade of metal pipe fittings since its establishment in 2004. With its own factory in Taian, Shandong Province, the Company primarily manufactures and sells stainless steel and carbon steel flanges and pipe fittings, while also trading steel pipes, valves, and other products. The Company has already established close cooperation with numerous petrochemical enterprises and urban pipeline projects, and utilized IPO financing to enhance its technological and R&D capabilities. After over two decades of development, the Company has built four core competitive advantages, positioning it to capture significant industry benefits from this dual policy and market-driven cycle and contribute substantially to global pipeline construction.

Luda Technology ensures exceptional quality and full-process precision control. Since 2008, the Company has introduced internationally advanced CNC machine tools, large gantry milling machines, and a full suite of testing equipment including spectrometers, ultrasonic flaw detectors, and mechanical property testers. This ensures every product leaving the factory fully complies with, and often exceeds, international standards such as ASME, DIN, EN, and JIS, as well as specific customer requirements, in terms of dimensional accuracy, material properties, sealing, and corrosion resistance. This has earned the long-term trust of leading clients in sectors like petrochemicals, electric power, and shipbuilding.

The Company possesses strong customization and flexible manufacturing capabilities. It can rapidly respond to customer-provided drawings or technical parameters to produce non-standard flanges in various specifications from DN15 to DN5000 and above, using diverse materials including carbon steel, stainless steel, alloy steel, duplex steel, and special steel. Through the application of ERP and MES systems, it has achieved digital management from order receipt to product delivery, effectively coordinating production resources and significantly shortening delivery times while guaranteeing quality.

With profound technical expertise and a commitment to continuous innovation, Luda Technology invests substantial funds annually in R&D for new materials, forging process optimization, and heat treatment technology upgrades. It has established industry-academia-research partnerships with several universities and research institutions to tackle industry technical challenges collaboratively, achieving breakthroughs in special products like ultra-low temperature flanges and highly corrosion-resistant flanges. The Company is actively pursuing an intelligent manufacturing transformation, planning to introduce automated robots and Internet of Things (IoT) technology to collect and analyze production data in real-time, continuously optimize process parameters, and enhance production efficiency and product consistency.

Luda Technology operates with a global market vision and provides localized service support. The Company possesses comprehensive export qualifications and extensive international trade experience, with products exported to numerous countries and regions across North America, Europe, the Middle East, and Southeast Asia. By establishing overseas warehouses and service centers, it can provide international customers with more timely and convenient logistics and technical support.

Mr Ma Biu, Chief Executive Officer of Luda Technology, commented, “The release of ‘The Guiding Opinions’ presents us with significant development opportunities. The next five years will be a critical period for high-quality urban development in China, and the pipeline and pipe fittings industry will usher in a new growth cycle. Leveraging the core technological advantages, stringent quality control systems, and rich international trade experience accumulated over the past two decades, Luda Technology is fully prepared to seize this market opportunity. We will continue to increase R&D investment, deepen our intelligent manufacturing transformation, provide global customers with higher quality products and services, and contribute to high-quality urban development.”

About Luda Technology Group Limited (NYSE: LUD.US)

As a manufacturer and trader of stainless steel and carbon steel flanges and fittings, Luda Technology Group Limited was found in 2004 and is headquartered in Hong Kong with a manufacturing base in Taian City, Shandong Province, China. Its history began with Luda Development Limited, and the Company is principally engaged in the trading of steel flanges and fittings. In 2005, the Company expanded its business further upstream by establishing Luda (Taian) Industrial Company Limited, which commenced the manufacturing of flanges and fittings with a self-owned factory in China. Luda Technology is principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products, and (ii) the trading of steel pipes, valves, and other steel tubing products. The Company’s sales network comprises customers from China, South America, Australia, Europe, Asia (excluding China), and North America and with a customer base includes manufacturers and traders from the chemical, petrochemical, maritime, and manufacturing industries.

For more information, please visit https://www.ludahk.com/en.

To find out more information, please visit our website at: https://www.ludahk.com/en.

Neurophet Signs MoU with InRAD to Establish Global Standards for Alzheimer’s disease and Dementia Data

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  • Neurophet’s AI-based brain imaging analysis solutions to support global standardization of Alzheimer’s and other dementia-related data
  • Enhancing dementia research by integrating AI imaging solutions with real-world data platforms

SEOUL, South Korea, Sept. 2, 2025 /PRNewswire/ — Neurophet (Co-CEOs Jake Junkil Been and Donghyeon Kim), an artificial intelligence (AI) solution company for brain disorders diagnosis and treatment, announced today that it has signed a Memorandum of Understanding (MoU) with the International Registry for Alzheimer’s Disease and Other Dementias Foundation (InRAD) to accelerate global standardization of Alzheimer’s and dementia-related data.

Neurophet Signs MoU with InRAD to Establish Global Standards for Alzheimer’s disease and Dementia Data
Neurophet Signs MoU with InRAD to Establish Global Standards for Alzheimer’s disease and Dementia Data

Through this agreement, Neurophet and InRAD aim to strengthen their collaboration to help establish globally harmonized standards for Alzheimer’s disease and other dementias real-world data1. The partnership also seeks to enable the seamless integration of AI-based neuroimaging technologies into the broader real-world data landscape, removing one of the key practical barriers to evidence generation – namely, the lack of coordinated approaches – while acknowledging the wider adoption of these technologies in everyday clinical practice.

The partnership will focus on key initiatives including:

  • Enhancing clinical workflows involving MRI and PET analysis
  • Collecting and aggregating clinical imaging and quantitative data
  • Validating clinical utility of AI-based analysis solutions
  • Developing joint research and education programs

Neurophet’s flagship products — Neurophet AQUA AD, an Alzheimer’s Disease Treatment Prescription/Treatment Effect and Side Effect Monitoring Software; and Neurophet SCALE PET, a PET Image Quantitative Analysis Software; and Neurophet AQUA, a Brain MRI Analysis Software — will be available for utilization in this collaboration.

InRAD, is a free at the point-of-use registry that enables the collection of real-world data to further understanding about Alzheimer’s disease, and in the future, other dementias and to support clinical management. The registry is coordinated by the independent International Registry for Alzheimer’s Disease and Other Dementias Foundation, a health-related not-for-profit entity incorporated in the Netherlands. The registry platform will launch later in 2025, providing a secure, regionally compliant, Azure cloud-based registry platform and governance package.

Notably, InRAD has a board composed of globally renowned researchers and clinicians in the field of dementia, including Professor Philip Scheltens, a leading expert who established the MTA scale (also known as the Scheltens scale) — the world’s first MRI-based diagnostic framework for Alzheimer’s disease. Professor Scheltens commented, “Collaborations such as these help to ensure a joined-up approach, reducing barriers to real world data collection in clinical practice and supporting patient care. We are very pleased to be able to announce this MoU”.

Jake Junkil Been, Co-CEO of Neurophet, commented,

“This partnership marks a significant step toward expanding the clinical adoption and credibility of Neurophet’s AI-powered brain imaging analysis tools on a global scale. We are committed to support clinicians and researchers worldwide by enabling standardized access to high-quality Alzheimer’s disease datasets.”

Neurophet continues to lead the medical AI field by forging strategic partnerships with global healthcare stakeholders.

About Neurophet

Neurophet has specialized in developing solutions for diagnosis support, treatment guides, and treatment devices targeting brain disorders based on cutting-edge artificial intelligence (AI) technology. The company was founded in 2016 by Co-CEOs Jake Junkil Been and Donghyeon Kim, who developed the next-generation neuro-navigation system.

Major products include brain MRI analysis software “Neurophet AQUA”, PET Image Quantitative Analysis Software “Neurophet SCALE PET”, Brain imaging treatment planning software for electric brain stimulation “Neurophet tES LAB”, Alzheimer’s Disease treatment prescription and monitoring software “Neurophet AQUA AD” for tracking treatment efficacy and side effects, and Multiple Sclerosis image analysis software “Neurophet AQUA MS”.

Neurophet has set its top priority to helping patients suffering from brain disorders. Based on expertise in neuroscience, Neurophet will continue to challenge and grow to explore the human brain’s health and pioneer solutions for brain diseases with AI technology.

1.  Perneczky et al. Real-world datasets for the International Registry for Alzheimer’s Disease and Other Dementias (InRAD) and other registries: An international consensus, The Journal of Prevention of Alzheimer’s Disease 2025 https://doi.org/10.1016/j.tjpad.2025.100096

 

SonicStrategy Secures $40 Million USD ($55M CAD) Investment From Sonic Labs

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Toronto, Ontario – Newsfile Corp. – September 2, 2025 – Spetz Inc. (CSE: SPTZ) (OTCQB: DBKSF) (doing business as SonicStrategy Inc.), the publicly traded institutional bridge to the Sonic blockchain, is pleased to announce a $40 million USD ($55M CAD) investment commitment from Sonic Labs Ltd. Sonic Labs is the foundation that oversees and develops the Sonic blockchain ecosystem. Sonic Lab’s anchor participation in the company reinforces its long-term partnership with SonicStrategy and paves the way for additional institutional capital as it intends to pursue a Nasdaq Capital Markets listing in the United States. The closing of the investment and issuance of the convertible debt instrument will occur in 5 business days, as required by the CSE policies.

The investment is structured as a convertible debt instrument funded in Sonic tokens ($S). It carries a six-month term and is convertible, at the option of the company, into common shares at a conversion price of $4.50 USD ($6.22 CAD) per common share if certain milestones are met, including the listing of the common shares of the company on the Nasdaq Capital Markets (or such other senior United States stock exchange that may be acceptable to Sonic Labs). The debt is unsecured and non-interest-bearing and any equity issued upon conversion will be subject to a three-year lock-up. This strategic capital injection sets the stage for SonicStrategy’s intended application to list its common shares on the Nasdaq Capital Markets, which is subject to regulatory approval and compliance with the listing requirements of the Nasdaq Capital Markets and United States securities laws. Capital will be used for treasury, validator operations, blockchain investments, and working capital. The key features of the debt instrument are as follows:

  • Investment Amount: $40 million USD (approx. $55 million CAD)
  • Structure: Convertible debt instrument funded with Sonic tokens
  • Term: 6 months (which may be extended by mutual agreement)
  • Conversion Price: $4.50 USD ($6.22 CAD) per common share
  • Conversion Conditions: Uplisting to Nasdaq Capital Markets with at least USD $40 million in additional funding whether through debt or equity
  • Security: Unsecured
  • Interest: Non-interest-bearing
  • Lock-Up: Three-year restriction on any common shares issued upon conversion

“The participation of Sonic Labs underscores our joint strategy to bridge the Sonic ecosystem with global capital markets,” said Mitchell Demeter, CEO of SonicStrategy. “This investment strengthens our treasury, scales our validator operations, and enables us to support early-stage Sonic-based projects. As Sonic enters a new phase of institutional and protocol-level adoption, we’re doubling down on our mission to be the leading public vehicle for long-term exposure to the network’s success.”

Under the debt instrument, the Sonic tokens provided by Sonic Labs will be locked for four years, reinforcing long-term alignment. Depending on the amount of future debt or equity capital that may be raised from any subsequent third-party financing, a portion of the principal amount of the debt instrument may be subject to a call option by Sonic Labs to further ensure strategic coordination between the two organizations. The company confirms that it has not arranged any additional debt or equity financing and any such future financing will be subject to a prior public announcement and compliance with the policies of the Canadian Securities Exchange and applicable securities laws.

“We view SonicStrategy as the natural bridge between the Sonic Network and traditional finance,” said Michael Kong, CEO of Sonic Labs. “This investment reflects our confidence in their execution and their ability to provide institutional-grade infrastructure for the Sonic ecosystem.”

This strategic alignment between Sonic Labs and SonicStrategy establishes a foundational pathway for Sonic’s public market expansion, unlocking new capital, institutional credibility, and global visibility.

The company expects to provide further updates as they become available, by way of press release, but is under no obligation to do so. There is no certainty that the company’s intended application to uplist to a senior U.S. stock exchange will be initiated or completed on any specific terms or timeline, or at all.

For more information, visit:
SonicStrategy: www.sonicstrategy.io

About Spetz Inc. (dba SonicStrategy)
Spetz Inc. (dba SonicStrategy) (CSE: SPTZ) (OTCQB: DBKSF) is the parent company of SonicStrategy Inc., a public-market gateway to the Sonic blockchain ecosystem. Spetz provides investors with compliant exposure to staking infrastructure and DeFi strategies across the Sonic network.

About Sonic Labs Inc.
Sonic is the highest-performing EVM blockchain, combining speed, incentives, and world-class infrastructure. The network achieves sub-second finality and ultra-high throughput.

At the heart of Sonic’s incentive model is Fee Monetization (FeeM), a system that lets developers earn 90% of the network fees generated by their applications. Inspired by Web2 ad-revenue sharing models, FeeM rewards developers for driving usage, growth, and real activity.

Company Contacts:
Investor Relations
Email: investors@sonicstrategy.io
Phone: 1-800-927-8745

Mitchell Demeter
Email: mitchell@sonicstrategy.io

NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-looking Statements

Certain information herein constitutes “forward-looking information” under Canadian securities laws, reflecting management’s expectations regarding objectives, plans, strategies, future growth, results of operations, and business prospects of the Company. Words such as “may”, “plans,” “expects,” “intends,” “anticipates,” “believes,” and similar expressions identify forward-looking statements, which are qualified by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are based on a number of estimates and assumptions that, while considered reasonable by management, are subject to business, economic, and competitive uncertainties and contingencies. The Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected outcomes. Factors influencing these outcomes include economic conditions, regulatory developments, competition, capital availability, and business execution risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the Company’s intention to apply to up-list its common shares on the Nasdaq Capital Markets and if such application is made, that the Company would be successful.

The forward-looking information contained in this press release represents Spetz’s expectations as of the date of this release and is subject to change. Spetz does not undertake any obligation to update forward-looking statements, except as required by law.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction. None of the securities issued in the Private Placement will be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

No securities regulatory authority has either approved or disapproved the contents of this press release.

We seek Safe Harbor.

Hashtag: #SonicStrategy

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

Nine Moments Witnessing Liaoning’s Encounter with the World

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Advertorial Desk
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OSAKA, Japan , Sept. 2, 2025 /PRNewswire/ — A report from China Trade News.

From August 24 to 26, the Liaoning Week of the China Pavilion at the Expo 2025 Osaka presenting the world with a grand showcase of culture, technology, trade, and green development — A presentation on the Niuheliang Hongshan Culture Site, paired with artifacts displayed through cutting-edge naked-eye 3D holography, carried audiences on a journey across 5,000 years of history. “Liaoning Premium Products” and”China Fine Gifts”, dazzled in glittering arrays. Tieling Errenzhuan, Jinzhou Shaobei martial arts, Liaoning Puppetry and acrobatic acts drew thunderous applause. The wonderful performances like Xiuyan Paper-Cutting, Qipao Show, and Knife-Carved Painting offered audiences a visual feast. Meanwhile, Liaoning enterprises joined hands with Japanese companies to explore cooperation and deepen friendship. On this global stage of the World Expo, the “Liaoning Week” unfolded through nine remarkable moments, bearing witness to Liaoning’s encounter, connection, and embrace with the world.

Over 100 guests from China and abroad have attended and witnessed the opening ceremony of the Liaoning Week.
Over 100 guests from China and abroad have attended and witnessed the opening ceremony of the Liaoning Week.

 

Tineco to Showcase Breakthrough Cleaning Innovations at IFA 2025

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Advertorial Desk
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Visit Hall 9, Booth 114 to discover Tineco’s next-generation smart cleaning solutions

SEATTLE, Sept. 2, 2025 /PRNewswire/ — Tineco, a pioneer in intelligent home appliances with over 19.5 million sold globally, is poised to unveil its next generation of smart cleaning innovations at the world’s largest home and consumer tech event, IFA 2025, taking place in Berlin, Germany, from September 5–9, 2025.

Tineco to Showcase Breakthrough Cleaning Innovations at IFA 2025
Tineco to Showcase Breakthrough Cleaning Innovations at IFA 2025

Located in Hall 9 at Booth 114, Tineco will present its latest product lineup at an exclusive pre-show press conference on September 4th beginning at 3:00 PM, featuring remarks from David Qian, CEO of Ecovacs, followed by dedicated sessions showcasing the latest launches from Ecovacs and Tineco.

Among Tineco’s highlights are three major advancements in intelligent floor care: the FLOOR ONE S9 Scientist, FLOOR ONE Station S9 Artist, and PURE ONE A90S.

  • FLOOR ONE S9 Scientist – Raising the bar for technology integration in the industry, S9 Scientist features a pioneering StreakFree capability that fully scrapes the surface of water, leaving it immediately dry after each pass. Tineco’s iLoop Technology adjusts suction power and water flow in real time for optimized performance, and an added HydroBurst mode releases a 15° high-pressure water jet to remove heavy and stuck-on stains. Triple-sided edge cleaning, SmoothDrive Technology, and a 90° swivel design enhance the user experience, while an 11cm ultra-thin body easily reaches low areas, and an LED headlight illuminates hidden dust. To round it out, the S9 Scientist offers near-silent operation, a Pixel Light Display with dynamic color indicators that shift with mode changes and dirt level, and up to 75 minutes of runtime on a single charge for whole-house coverage.
  • FLOOR ONE Station S9 Artist – As Tineco’s first floor washer with an integrated Station function, the Station S9 Artist redefines hands-free convenience with heated water replenishment. In addition to housing and charging the unit, the station activates the upgraded FlashDry Self-Cleaning System, now powered with steam, to sanitize the entire machine after each use. Paired with the intelligent technologies introduced in the S9 Scientist, the Station S9 Artist delivers a smart, effortless clean with minimal maintenance.
  • PURE ONE A90S – Combining 270AW of powerful suction with an all-new 3DSense Master Brush, uniting DustSense, EdgeSense, LightSense, and Floor Type Detection, the PURE ONE A90S achieves next-level results with unmatched efficiency. Enhanced by Clogless Master Technology and a ZeroTangle Brush to prevent blockages and tangles, along with a 3D Light Display and LED screen for real-time guidance, it ensures every clean is smooth, intuitive, and uninterrupted.

“With more than 19.5 million products sold worldwide, Tineco has become a global leader in intelligent home appliances by consistently pushing the boundaries of what’s possible in smart cleaning,” said Ling Leng, CEO of Tineco. “We’re thrilled to bring a new portfolio of products to market at IFA 2025, underscoring our commitment to delivering advanced technology that redefines how consumers upkeep their homes.”

Complementing its new flagship models, Tineco will exhibit additional standout offerings across the floor care and kitchen appliance categories, including the PURE ONE S Series, Carpet One Cruiser, Chiere One Biz, Smart Water Dispenser, and more. Throughout the show at Booth 114 in Hall 9, attendees will have the opportunity to experience Tineco’s products through interactive demonstrations.

The FLOOR ONE S9 Scientist, FLOOR ONE Station S9 Artist, and PURE ONE A90S will launch globally later this year, with availability across both U.S. and international markets.

To learn more about Tineco and its full portfolio, and to keep up to date with new launches, please visit us.tineco.com and follow @tinecoglobal on Instagram, Facebook, and TikTok.

About Tineco

Tineco (“tin-co”) was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 19.5 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation. For more information, visit us.tineco.com.

TOYO Co., Ltd to Announce First Half 2025 Financial Results on September 8, 2025

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Advertorial Desk
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TOKYO, Sept. 2, 2025 /PRNewswire/ — TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), a solar solution company, today announced it will host a conference call to discuss first half 2025 results on Monday, September 8, 2025.

Conference Call Details are as follow:

Date: Monday, September 8, 2025

Time: 8:30 AM ET

Live Webcast: https://events.q4inc.com/attendee/735702658 

The first half earnings release and related investor deck will be available on the investor relations website at investors.toyo-solar.com prior to the event.

The dial in numbers for the conference call will be as follows:

Participant Toll-Free Dial-In Number: (800) 715-9871

Participant Toll Dial-In Number: +1 (646) 307-1963

Japan – Tokyo: +81.3.4578.9081

Conference ID: 7240281

About TOYO Co., Ltd.

TOYO is a solar solutions company committed to becoming a full-service solar solutions provider in the global market, integrating upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.

Contact Information:

For TOYO Co., Ltd.
IR@toyo-solar.com 

Crocker Coulson
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185

Hyosung Heavy Industries Strengthens Global Position in Power Solutions Under Chairman Cho Hyun-joon’s Leadership

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– Chairman Cho Emphasizes Power Infrastructure as Foundation of the AI Economy, Identifies Power Equipment as Next Growth Driver
– Hyosung Heavy Industries Signs Significant Power Equipment Supply Contracts Across North America and Europe
– Hyosung’s Advances in High-Voltage Direct Current (HVDC) Technology Capture Global Attention

SEOUL, South Korea, Sept. 2, 2025 /PRNewswire/ — Hyosung Heavy Industries is on track to deliver record results this year, with projected sales reaching KRW 5 trillion (approx. USD 3.6 billion) and operating profit topping KRW 500 billion (approx. USD 360 million) for the first time, driven by rising power demand linked to AI adoption. Industry observers point to the leadership of Chairman Cho Hyun-joon as a key factor driving this momentum.

View of the Yangju Substation with Hyosung-developed 200MW Voltage-Source HVDC installed
View of the Yangju Substation with Hyosung-developed 200MW Voltage-Source HVDC installed

Chairman Cho has identified the power equipment business as Hyosung Group’s next growth engine, reaffirming the Group’s commitment to maintaining a leading role in the global power equipment market.

  • Power Infrastructure at the Heart of the AI Economy, Chairman Cho Emphasizes

Chairman Cho has consistently reinforced his view that “AI is transforming industries and daily life, and reliable power infrastructure has become ever more critical.” He further noted, “To anticipate global customer requirements and respond to rapid market changes, Hyosung Heavy Industries must secure distinctive technological competitiveness to position itself as a critical supplier to the AI economy.”

Despite a slowdown in the global power sector and strong competition from established European players, Chairman Cho has sustained investment in next-generation grid solutions, including AI-enabled smart factories. Since March of this year, he has been directly engaged as an internal director of Hyosung Heavy Industries, providing full strategic support and drawing on international networks to expand the company’s footprint in new and emerging markets.

  • Hyosung Heavy Industries Secures Major Power Equipment Orders in North America and Europe

These initiatives are delivering tangible results. Hyosung Heavy Industries has signed a series of high-value contracts across North America and Europe.

Hyosung Heavy Industries has become the first Korean manufacturer to enter into a long-term supply agreement for ultra-high-voltage transformers and reactors with leading German transmission system operators. In Scotland, Hyosung secured an order valued at KRW 85 billion to supply ultra-high-voltage transformers. It also concluded a long-term contract with French transmission operators last year and won additional orders earlier this year. Hyosung is strengthening its position in Europe, one of the most advanced power markets globally, through participation in the UK National Grid’s large-scale phase-shifting transformer program and an ultra-high-voltage transformer project for Norway’s state-owned utility.

Analysts also highlight the company’s timely response to the U.S. power market, which has entered a strong growth cycle, by localizing production at an early stage. This year, Hyosung Heavy Industries won the largest single order for ultra-high-voltage breakers in the North American market and continues to secure additional contracts for advanced, large-capacity products such as 765kV ultra-high-voltage transformers and 800kV gas-insulated switchgear (GIS).

  • Hyosung’s Technological Competitiveness Brings Global Recognition for HVDC Localization

Hyosung Heavy Industries is accelerating the localization of high-voltage direct current (HVDC) transmission technology as it aims to lead the next phase of the global power market.

The company initiated development of a 200MW HVDC system in 2017 under the leadership of Chairman Cho. Despite financial headwinds at the time, Hyosung committed KRW 100 billion (approx. USD 72 million) to R&D over seven years, achieving the successful localization of a 200MW-class HVDC system in Korea last year—a first for the nation.

HVDC technology converts alternating current (AC) generated at power plants into direct current (DC) for efficient long-distance transmission, and then back it into AC for delivery to homes and businesses. While high-voltage alternating current (HVAC) has been the conventional method, HVDC is increasingly recognized for its superior efficiency in transmitting large amounts of power across long distances. The rise of advanced power semiconductors (IGBTs) and digital control systems has enhanced conversion and voltage management, underscoring HVDC’s strategic importance.

Chairman Cho stated, “HVDC is not simply a transmission method—it is a cornerstone technology that will shape the future energy landscape.” He added, “We are committed to positioning Hyosung Heavy Industries as a leading player in the global HVDC market.”

Looking forward, Hyosung Heavy Industries plans to secure technology leadership through the development of 2GW-class HVDC systems. The company intends to strengthen its position in both domestic and international transmission network projects, demonstrating the capabilities required to lead in the next generation of power infrastructure.

BON Announces Identification of Promising Weight-Managing Compounds from Tea via AI-Powered New Drug R&D Platform

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Advertorial Desk
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XI’AN, China, Sept. 2, 2025 /PRNewswire/ — Bon Natural Life Limited (Nasdaq: BON) (“BON” or the “Company”), a leading bio-ingredient solution provider in the natural, health and personal care industry, today announced a groundbreaking identification of a class of natural polyphenolic compounds from a tea-derived product via its AI-Powered new drug research and development (R&D) platform. Preliminary tests demonstrate that these compounds exhibit significant activity in weight management, with key efficacy indicators outperforming current mainstream weight-managing drugs, injecting new momentum into global R&D of weight-managing drugs.

With a worsening global obesity crisis, the weight-managing product market is experiencing robust growth. Data shows that the global weight-managing product market reached USD423.27 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 9.5% to USD601.26 billion by 2029¹. This market growth is primarily driven by the expanding obese population and rising awareness of healthy weight management.

BON’s AI platform integrates massive datasets of natural compounds and biomedical knowledge, leveraging advanced algorithms and innovative models. Its high-efficiency data analysis and screening capabilities have significantly shortened the component screening cycle traditionally associated with drug R&D, enabling the successful identification of these compounds with weight-loss potential. Preliminary animal studies showed significant weight reduction at specific compound doses, with no obvious adverse effects observed. Currently, the Company has established a dedicated team to advance follow-up work, including research into the compounds’ mechanisms of action, structural optimization, expanded animal trials, and preparation for clinical trials.

BON believes that the weight-managing product market represents a large-scale therapeutic area with substantial growth potential. If the Company successfully launches this new drug, it is well-positioned to capture a significant share of the global weight management therapeutics market – a development that would fundamentally and revolutionarily enhance the Company’s investment value while delivering substantial returns to shareholders.

Meanwhile, this R&D breakthrough has enabled the Company to efficiently and accurately identify weight-managing active molecules from natural tea-derived products. It also provides preliminary validation of the feasibility of BON’s AI-based new drug R&D platform, helping the Company establish a highly efficient, new R&D model. This will lay a solid foundation for the Company’s AI-driven R&D business focused on natural compound-based new drugs, accelerate the development of its AI-powered innovative drug research initiatives, and continue to create greater value for shareholders.

References：

1. https://www.thebusinessresearchcompany.com/report/weight-management-global-market-report

About Bon Natural Life Limited (“BON”)

BON is a Cayman Islands company engaged in the business of natural, health, and personal care industries. For more information, please visit the Company’s website at http://www.bnlus.com.

For more information, please contact:
Cindy Liu | IR
Email: bonnatural@appchem.cn 

Safe Harbor Statement

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

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