30.1 C
Vientiane
Sunday, April 27, 2025
spot_img
Home Blog Page 315

Utility Achieves Industry-First Hydrogen Production Using Steel Manufacturing Off-Gases

Onsite hydrogen production using industrial off-gases now offers a commercially viable,
economic clean energy for heavy industry

HOUSTON, March 10, 2025 /PRNewswire/ — Utility, the leader in affordable, reliable and clean hydrogen solutions that drive a profitable energy transition for hard-to-abate industries worldwide, today announced the successful operation of the company’s H2Gen® system at a major steel plant in North America. Utility’s H2Gen system successfully produced the world’s first hydrogen using steel plant off-gas (blast furnace gas) in an elegant single process step under actual site conditions. Additionally, this marks the industry’s first successful implementation of a system that can produce clean hydrogen from water without the need for electricity. The H2Gen system is now proven as the leading economic clean hydrogen platform solving the steel industry’s significant clean energy challenges. It is a solution that is commercially available, cost-effective, offers a profitable pathway to a clean energy transition and easily integrates with existing assets.

Steel production is vital to industrial progress, but it is also one of the world’s most energy-intensive processes, facing significant energy transition hurdles in reducing its carbon footprint. These challenges include: 

  • Capital costs in the billions of dollars for alternative steelmaking technologies compared to the blast furnaces used in making most of the steel globally
  • Limited space and infrastructure constraints for making economic on-site clean hydrogen that can reduce carbon footprint of existing steel plants
  • The need to balance sustainability with productivity and global competitiveness while lacking economic carbon capture solutions for the steel industry 

Utility’s H2Gen system offers a groundbreaking solution to these challenges by producing hydrogen from water using industrial off-gases, such as blast furnace gas. The H2Gen system enables on-site hydrogen production with a compact footprint while delivering enriched CO₂ at a single point for cost-effective carbon capture. With more than 3,000 hours of successful operation at a major steel plant, H2Gen has demonstrated its ability to drive a cost-effective, scalable, reliable and commercially ready energy transition pathway for heavy industries including steel, biogas-to-hydrogen, chemicals, refining, upstream oil & gas, power, and hydrogen-powered data centers. 

REAL-WORLD PROJECT RESULTS: 

  • Hydrogen Production: The H2Gen system consistently produced hydrogen on-site without the need for electrical input to the reaction.
  • Seamless Integration: Designed for compatibility and operational simplicity, the modular, factory-built H2Gen system integrates with existing steel plant processes with minimal pre- and post-gas treatment, enhancing operational efficiency. 
  • Robust Performance: The system demonstrated significant flexibility, handling a wide variety of feed gas conditions and could restart in less than 15 minutes after feed gas outage events. 
  • Cost-Effective and Scalable Solution: By minimizing operating and capital costs with a very small onsite footprint and modular scalability, H2Gen provides a practical, economic pathway to clean hydrogen production for decarbonizing steel manufacturing, among many other hard-to-abate industry sectors. 

“Decarbonizing heavy industries like steel, mobility, chemicals, refining, and power has been one of the toughest challenges in the energy transition — until now. Our successful deployment of H2Gen at a major steel plant proves we can deliver scalable, economic, clean hydrogen solutions that seamlessly integrate with existing infrastructure and assets. H2Gen is the only commercially viable solution for producing clean hydrogen in hard-to-abate industries like steelmaking.” stated Parker Meeks, chief executive officer of Utility. “Utility is rapidly scaling to meet global demand, with strong momentum in steel, biogas-to-hydrogen for mobility and beyond. Our H2Gen systems provide an economic, modular solution without the high costs and infrastructure barriers of alternative hydrogen technologies. With strong customer and partner momentum including the recent ArcelorMittal funding and GH EnA Project Development announcements, we are accelerating the shift to clean hydrogen at scale.” 

Utility Global, Inc. (www.utilityglobal.com) is a portfolio company of Ara Partners (www.arapartners.com), a private equity firm specializing in industrial decarbonization investments. 

About Utility
Utility is a Houston, Texas-based off-gas-to-value company built specifically to enable economic decarbonization of hard-to-abate sectors like mobility, steel and others. Utility’s H2Gen® system needs no electricity to utilize the remaining electrochemical energy contained in a wide range of dilute off-gases to produce high-purity clean hydrogen from water. 

Utility’s H2Gen systems are highly scalable, modular, smaller in size and compatible with existing industrial processes and assets. H2Gen minimizes balance of plant, increases operational flexibility and offers attractive benefits in total cost of ownership. Utility helps companies in hard-to-abate industries meet sustainability and business goals by reducing emissions, energy use and waste profitably. Utility turns the environmental challenges of off-gases into competitive advantages as onsite energy, fuel or feedstock. 

About Ara Partners
Founded in 2017, Ara Partners is a global private equity and infrastructure firm dedicated to decarbonizing the industrial economy. Ara seeks to build, scale, and optimize companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Washington, D.C., and Dublin. Ara Partners closed its third private equity fund in December 2023 with over $2.8 billion in new capital commitments. As of September 2024, Ara Partners had approximately $6.3 billion of assets under management. 

For more information about Ara Partners, please visit www.arapartners.com.

Logo – https://laotiantimes.com/wp-content/uploads/2025/03/utility_global_2025_logo.jpg

August Raises New Funding After Quietly Hitting $7B in Volume, Proving Institutions Never Left Crypto

August Secures $10 Million Series A to Scale On-Chain Finance Infrastructure

Dragonfly, 6th Man Ventures (6MV), SCB Limited, and Robot Ventures back August as it expands its institutional product suite and bridges the gap between DeFi and traditional finance.

GENEVA, March 10, 2025 /PRNewswire/ — August, an on-chain prime brokerage and execution platform, today announced a $10 million Series A funding round led by Dragonfly Ventures with participation from SCB Limited, 6th Man Ventures (6MV), Foresight Ventures, FinTech Collective, Robot Ventures, Maven11, and others. This investment accelerates August’s on-chain prime brokerage capabilities, with a portfolio margin system enabling institutions to use staked assets and yield-bearing positions as collateral for structured products, OTC derivatives, and credit. With seamless cross-margining and enhanced capital efficiency, clients can hedge DeFi portfolios with CeFi rails—all within a single on-chain account. August supports 12+ blockchains, 250+ tokens, and 70 protocols, unlocking liquidity across any liquid asset.

August raises $10M Series A
August raises $10M Series A

In a world where more assets are getting tokenized, and continue to move on-chain, August provides the most capital-efficient infrastructure for trade execution, maximizing liquidity and capital optimization.

August facilitates over $7 billion in monthly transaction volume across lending, DeFi and OTC transactions, and algorithmic swaps with $400M+ in loans originated over the past year. The company rebranded to underscore its commitment to building trusted financial infrastructure for a crypto industry recovering after the collapse of centralized finance (CeFi). August provides institutions, protocols, and trading desks with a comprehensive suite of on-chain financial tools, including: smart contract multi-signature accounts, trade execution, borrowing and lending, options and structured products, tri-party collateral management, cross-margining and cross-chain DeFi strategies. Clients supported today include both institutional hedge funds and principal trading firms, as well as protocols such as Upshift, the first decentralized application built on August, with total value locked (TVL) around $300M.

“The events of 2022 following the collapse of large centralized finance counterparties, more liquidity and volume has moved on-chain over the past two years, demonstrating that transparency and risk management are non-negotiable,” said Aya Kantorovich, Co-Founder and Co-CEO of August. “August is setting a new standard for capital-efficient and institutionally viable digital asset trading, where trust is no longer assumed—it’s built into the infrastructure itself.”, said Alexandre Elkrief, Co-Founder and Co-CEO of August.

By bringing on-chain verifiability to these services, August eliminates the hidden risks that have plagued CeFi. With August, credit and counterparty risk can be monitored and mitigated in real-time.

“FTX and 3AC didn’t fail due to a lack of institutional interest in digital assets,” said Rob Hadick, General Partner at Dragonfly Capital. “They failed because risk was obfuscated, and counterparty exposure was unmanageable. August provides real-time risk measurement, programmatic collateral management, and default transparency.”

“We are thrilled to double down on August, the leader in On-chain Capital Markets. August combines the speed and composability of DeFi with the risk management tools required by the world’s largest institutions. Now these benefits will be available to the public via Upshift. The future of finance is now,” adds Carl Vogel, General Partner at 6th Man Ventures.

About August

August, an on-chain prime brokerage and execution platform that enables users to borrow, lend, trade, and clear across any DeFi and CeFi application with any form of liquid collateral. August supports all DeFi primitives, including lending, borrowing, spot execution, over the counter options, and derivatives.

Media contact:
Aya Kantorovich,
+16466009692,
aya@augustdigital.io

August co-founders Aya Kantorovich and Alexandre Elkrief
August co-founders Aya Kantorovich and Alexandre Elkrief

 

 

K. A. Prabhakaran Appointed Senior Vice President and Chief Technology Officer of Cyient

HYDERABAD, India and DALLAS, March 10, 2025 /PRNewswire/ — Cyient Limited, a global Intelligent Engineering solutions company, announced the appointment of K. A. Prabhakaran as Senior Vice President and Chief Technology Officer of its DET business.

Prabhakaran is an accomplished professional in the engineering & research and development sector with over 30 years of experience. He joins Cyient from Honeywell, where he was the Vice President and Chief Technology Officer for the Process Solutions group. He was responsible for driving technology innovation and customer-centric solutions for customers worldwide. He was last based in Houston, TX, and will now be based in Bengaluru, India.

Prabhakaran is an engineering leader who has successfully driven digital transformations, product and process technology innovations building global partnerships with research and academic institutions. He has led large global teams in different industries, such as Aerospace, Oil & Gas, Life Sciences, and Renewable Energy verticals, developing new products and solutions creating organic growth pathways. His expertise is building technology solutions for large OEMs in areas like avionics, a key focus area for Cyient.

As Senior Vice President and Chief Technology Officer, Prabhakaran will drive Cyient’s technological vision, developing cutting-edge, market-ready solutions that enhance competitiveness and relevance. He will play a pivotal role in expanding the company’s technology footprint by fostering innovation, building future-ready competencies, and seeding new capabilities across the organization.

Welcoming Prabhakaran to Cyient, Executive Director and Chief Executive Officer of Cyient, Sukamal Banerjee said, “I am delighted to welcome Prabhakaran to Cyient. As varied technology frontiers converge to redefine products, plants, and networks, Cyient is committed to driving innovation and shaping the future. With Prabhakaran’s deep expertise in innovation and delivery, I am confident he will be crucial in accelerating our leadership and advancing CyientifIQ, our innovation platform, to new frontiers.”

On his appointment, K. A. Prabhakaran, Senior Vice President and Chief Technology Officer, said, “It is an honor to join Cyient at this transformative moment in its growth. As a technology enthusiast, I am driven by the opportunity to build cutting-edge platforms that deliver not just solutions but extraordinary value to our clients. I am excited to collaborate with the talented team of Cyientists to pioneer innovative solutions, propel the company’s expansion, and unlock new industry opportunities that will shape the future.”

About Cyient
Cyient (Estd: 1991, NSE: CYIENT) delivers intelligent engineering solutions across products, plants, and networks for over 300 global customers, including 30% of the top 100 global innovators. As a company, Cyient is committed to designing a culturally inclusive, socially responsible, and environmentally sustainable tomorrow together with our stakeholders.

For more information, please visit www.cyient.com
Follow news about the company at @Cyient

Gowtham Uyalla

Kaizzen PR

+91 99892 22959

gowtham.uyalla@kaizzencomm.com

Phalguna Hari jandhyala

Cyient

Phalguna.Harijandhyala@cyient.com

 

World’s First Large-Scale, Multicenter Prospective Study in Single-Reading Mammography Confirms Lunit AI Boosts Cancer Detection

Prospective study finds Lunit AI increases cancer detection by 13.8% in single-reader settings without raising recall rates, presenting a game-changing tool for countries relying on single-reader mammography screening

SEOUL, South Korea, March 10, 2025 /PRNewswire/ — Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced the publication of a groundbreaking prospective study in Nature Communications validating the real-world effectiveness of AI-powered mammography screening in South Korea’s national breast cancer screening program. Conducted as the world’s first large-scale, multicenter prospective study in a single-reading setting, the research underscores how AI-assisted mammography interpretation significantly improves breast cancer detection rates without increasing recall rates.

Lunit's AI-powered mammography analysis solution, Lunit INSIGHT MMG
Lunit’s AI-powered mammography analysis solution, Lunit INSIGHT MMG

The study was led by Professor Yun-Woo Chang from Soonchunhyang University Seoul Hospital, in collaboration with both breast and general radiologists from six leading academic hospitals in South Korea. The study analyzed 24,543 women aged 40 and above who underwent routine biennial mammography (2D full-field digital mammogram) between February 2021 and December 2022 as part of Korea’s national breast cancer screening program.

The study compared the performance of breast radiologists interpreting screening mammograms with and without Lunit’s AI-based computer-aided detection, Lunit INSIGHT MMG. The results revealed that AI-assisted breast radiologists detected 13.8% more screen-detected breast cancers than those relying solely on conventional interpretation methods, or without AI assistance. The cancer detection rate (CDR) increased from 5.01 (per 1,000) to 5.70 with AI assistance, while recall rates (RRs) remained statistically unchanged, ensuring improved clinical effectiveness and minimizing unnecessary additional recalls. Moreover, AI assistance led to a significant improvement in detecting small-sized tumors and node-negative cancers, key indicators of improved early detection.

Additionally, the study evaluated Lunit INSIGHT MMG’s impact on general radiologists who do not specialize in breast imaging through a simulated retrospective study. The results demonstrated that AI assistance led to an even greater improvement in CDRs for general radiologists, with an increase of 26.4% (3.87 to 4.89 per 1,000), underscoring AI’s potential to support radiologists with varying levels of expertise.

“This prospective study offers compelling real-world evidence that AI can improve early cancer detection while maintaining effectiveness and reducing unnecessary patient anxiety caused by false positives in a single-reading setting,” said Professor Chang, the lead and corresponding author of the study.

A Proven Solution for Single and Double-Reading Screening Systems

The publication further builds upon Lunit INSIGHT MMG’s well-established track record in improving breast cancer detection. In Sweden, Capio St. Göran Hospital conducted a prospective clinical trial to assess Lunit AI’s effectiveness in breast cancer screening when replacing one reader within a double-reading setting. Following positive trial results, Capio St. Göran Hospital became the world’s first to replace one of two radiologists in its double-reading workflow with AI, marking a paradigm shift in breast cancer screening.

“This latest prospective study in South Korea further solidifies Lunit INSIGHT MMG’s potential as an indispensable tool in breast cancer screening,” said Brandon Suh, CEO of Lunit. “Whether in a single-reader or double-reader setting, AI can serve as a powerful force multiplier, assisting radiologists in detecting cancer earlier and more accurately.”

Shaping the Future of National Breast Cancer Screening Programs

With mounting evidence supporting AI’s role in breast cancer screening, Lunit is driving its global adoption. Lunit INSIGHT MMG has already been deployed in national breast screening programs in Australia, Sweden, Iceland, Singapore, Saudi Arabia, and Qatar, helping healthcare systems enhance efficiency and optimize diagnostic accuracy.

The study’s findings are expected to influence global breast cancer screening protocols, particularly in countries where single-reading mammography interpretation is widely practiced. By demonstrating AI’s ability to enhance radiologists’ accuracy without increasing RRs, the study provides critical data supporting AI’s role in optimizing cancer detection while reducing the workload burden on radiologists. This is particularly relevant as many countries face a shortage of specialized breast imaging professionals, making AI an important tool to improve efficiency and maintain high diagnostic standards.

“As AI adoption accelerates, we remain committed to driving innovation and making AI-powered cancer screening the new standard of care,” added Suh. “By working closely with healthcare providers worldwide, we aim to ensure that AI benefits as many patients as possible.”

About Lunit

Founded in 2013, Lunit (KRX:328130.KQ) is a medical AI company on a mission to conquer cancer. Lunit harnesses AI-powered medical image analytics and biomarker analysis to ensure accurate diagnosis and optimal treatment for each cancer patient. The FDA-cleared Lunit INSIGHT suite for cancer screening serves over 4,800 medical institutions across 55+ countries.

Lunit clinical studies have been published in top journals, including the Journal of Clinical Oncology and the Lancet Digital Health, and presented at global conferences such as the ASCO and RSNA. Headquartered in Seoul, South Korea, with a network of offices worldwide, Lunit leads the global fight against cancer. Discover more at lunit.io.

SKINARMA doles out dual-color Apple Watch straps and cases to remix your wrist rotation


SINGAPORE – Media OutReach Newswire – 10 March 2025 SKINARMA has doubled up their seasonal drop this season of pairing with the Apple Watch strap GEMINI and Apple Watch case ATOM. Made to coordinate and complement each other, both products fashioned for the latest Apple Watch Series 10 and Ultra 2 are dressed in dual colors for endless combinations—so you never have to settle for a singular look. All design elements of GEMINI and ATOM, including the colors and layered structure, are inspired by the radiant streaks of hyperspace tunnels that dominate sci-fi themes.

GEMINI x ATOM Apple Watch collection with glow-in-the-dark details
GEMINI x ATOM Apple Watch collection with glow-in-the-dark details

The Apple Watch strap GEMINI takes unshakable security to the next level. The first of SKINARMA’s catalog to feature a magnetic band and locking pin mechanism, it is created for action and locked in for performance.

The strap includes a protruding tab that securely tucks into the groove, eliminating the need for a traditional buckle, which is prone to give way. Keeping the water-resistant silicone tonal, SKINARMA merges power with style, accentuating the overall design with metallic connectors for a futuristic, embellished edge.

Next up, the Apple Watch case ATOM makes the other half of a whole. Born out of the love of reinforced protection, ATOM is a flawless construction of a durable hybrid shell that absorbs impacts from all angles. From hard bumps and deep scratches to the inevitable wear and tear of daily use, this case takes the hits so your smartwatch doesn’t have to.

Despite covering it from top to bottom, ATOM still provides unhindered access to all watch features and functions. The rugged hardware and the transparency of the case create a striking contrast, sparking curiosity and inviting you to take a closer look at the tech inside.

Syncing up with the sweet spot between Valentine’s and White Day, the GEMINI x ATOM collection unabashedly offers styles for both partners—even if they are opposites. Numerous colorways are available to match the moment, including Pink and Mauve, Black and Purple, and Mint and Orange for the 42mm straps and cases.

For those with 46mm straps, the options expand even further, offering more variety between cases and straps. Choose from straps like Orange and Black, Blue and Black, Navy and Blue, Chalk and Black, and more, paired with cases in Navy and Black or Orange and Black.

A glow-in-the-dark version, created for both 42mm and 46mm, adds whimsy to urban style while providing visibility in low-light settings.

Mix and match within your own collection, or coordinate with your other half for a perfectly paired look.

SKINARMA’s latest release puts a futuristic spin on classic cosmic aesthetics. As a trailblazer in street style, the brand is on a mission to elevate subcultures by supercharging the raw energy of streetwear with the cutting-edge world of tech. GEMINI x ATOM is the paragon of such a fusion, empowering Apple users with the belief that the best pairs are often the ones that balance each other out.

“The GEMINI x ATOM collection represents the intersection of innovation and design that SKINARMA is known for. With the addition of a special glow-in-the-dark edition and its mix-and-match possibilities, this collection was made to let you style your Apple Watch in the exact way you want—a way that truly represents you as an individual,” said Darren Tan, Fashion Director at SKINARMA.

Style should never be one-dimensional. Experience the beauty and strength of a unified GEMINI x ATOM with an order on the SKINARMA website. To score 10% off your next purchase, subscribe to their mailing list, which also offers discount codes, special launches and more. For more updates, follow SKINARMA on Instagram, Facebook and TikTok.
Hashtag: #Skinarma #Technology #Lifestyle




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

SKINARMA

SKINARMA, a Singapore-based fashion-forward tech brand, offers streetwear-inspired accessories like iPhone, MacBook and AirPods cases, along with bags and apparel. Since its launch in 2018, the brand has built a dedicated following in cities such as Shanghai, Tokyo, Bangkok and Dubai. With community and culture at the heart of their designs, SKINARMA aims to rewrite the intersection of fashion, technology and art.

CBAK Energy to Report fourth quarter & full year 2024 Unaudited Financial Results on Monday, March 17, 2025

DALIAN, China, March 10, 2025 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy”, or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024 on Monday, March 17, 2025, before the U.S. market opens. The earnings results will be available on the Company’s Investor Relations website, and will be filed with the Securities and Exchange Commission on a Form 8-K.

CBAK Energy’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, March 17, 2025 (8:00 PM Beijing/Hong Kong Time on March 17, 2025).

For participants who wish to join our call online, please visit:
https://edge.media-server.com/mmc/p/wwi4b3cb

Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions.

Participant Online Registration: https://register.vevent.com/register/BI71c592a6d5ad484abebbdb4a1710f229

Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/wwi4b3cb

About CBAK Energy
CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement
This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks.  There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:
CBAK Energy Technology, Inc.
Investor Relations Department
Email: ir@cbak.com.cn

Visionary Takes the Lead in the New Energy Vehicle Field and Builds an Innovative Industrial Ecosystem

TORONTO, March 10, 2025 /PRNewswire/ — Recently, Visionary announced that it will make a major foray into the new energy vehicle industry and build a unique integrated industrial ecosystem of “vehicle-station-power-cloud-research-finance”. It is committed to creating a new industry landscape in the new energy vehicle track and promoting the sustainable development of the industry.

In the construction of the industrial ecosystem model, Visionary takes new energy vehicles as the core and comprehensively lays out the upstream and downstream of the industrial chain. In the vehicle manufacturing and sales segment, Visionary plans to carry out in-depth cooperation with Magna Group, the largest auto parts manufacturer in North America, and Skyworth Group in China. Through introduction or joint research and development, it will launch new energy vehicle models that meet the market demands of Hong Kong and Southeast Asia. The policies in Hong Kong strongly support the development of new energy vehicles, and the Southeast Asian market has huge potential. This strategic layout will contribute to the widespread popularization of new energy vehicles.

The layout of the battery swap station network is a crucial part of the industrial ecosystem. Visionary will join hands with professional battery swap enterprises in China to scientifically plan the location of battery swap stations according to the geographical characteristics and traffic flow in Hong Kong. Adopting standardized design and construction can not only improve the battery swap efficiency but also effectively reduce the construction cost, creating an efficient and convenient battery swap network to provide strong support for new energy vehicle users.

The management of the full life cycle of batteries has also been put on the important agenda. Visionary will cooperate with leading battery enterprises to establish a battery bank to achieve standardized and digital management of batteries. Every link, from battery procurement, use to recycling, will be finely controlled, aiming to improve the utilization efficiency and value of batteries. At the same time, a distributed energy storage system will be built to help the stable operation of the power grid and promote the efficient use of energy.

To achieve intelligent operation, Visionary will also build an intelligent cloud platform. This platform will integrate the data of vehicles, users, and battery swap stations, and optimize battery swap services, vehicle dispatching, and battery management through data analysis. This can not only provide users with a personalized service experience but also provide a strong basis for enterprise decision-making and improve the overall operation efficiency.

Scientific research and innovation are the core driving forces for industrial development. Visionary will collaborate with experts and professors from the University of Toronto in Canada and other world-renowned universities to carry out industry-university-research cooperation. Focusing on key fields such as battery technology, intelligent driving, and vehicle networking for research and development, it will promote technological innovation and the transformation of achievements, enhance the core competitiveness of the industry, and ensure a leading position in the industry.

Financial services are also indispensable in the industrial ecosystem. Cooperating with the world-famous consortium OZTURK HOLDING, Visionary plans to launch services such as financial leasing of new energy vehicles and battery financial leasing, providing low-interest loans for vehicle buyers to relieve their financial pressure. At the same time, it will provide comprehensive financial support for industrial development and improve the financial service system of the industrial ecosystem.

To ensure the smooth operation of the industrial ecosystem, Visionary has formulated a series of practical solutions. In terms of technology integration, it will integrate the technical resources of all parties. Intelligent driving technology will be introduced in vehicle manufacturing, automated battery swap equipment will be used in battery swap stations, advanced monitoring technology will be applied in battery management, and the cloud platform will achieve secure and efficient data transmission and processing, comprehensively improving the intelligent level of the industry.

In terms of operation management, a unified operation management system will be established, and standardized operation processes and service specifications will be formulated. Information technology will be used to monitor all links in real time, optimize resource allocation, improve operation efficiency and service quality, and provide a solid guarantee for the stable development of the industry.

In terms of market promotion, local media, social platforms, and offline activities will be utilized to vigorously publicize the advantages of new energy vehicles and the convenience of the battery swap mode.

The new energy vehicle industrial ecosystem constructed by Visionary covers multiple fields, including technology research and development, production and manufacturing, market promotion, and financial services. All links cooperate with each other, forming a complete closed-loop ecosystem. This innovative model not only conforms to the current trend of green development but also provides new ideas and directions for the development of the new energy vehicle industry. With the gradual improvement of the industrial ecosystem, Visionary is expected to achieve remarkable achievements in the new energy vehicle field and make positive contributions to promoting the development of the industry.

For more information, please contact:

Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca

Yonsei University to Host GEEF 2025, Exploring Innovative Solutions for the SDGs

  • GEEF 2025 will take place on March 13–14, bringing together 83 speakers from 14 countries to discuss solutions for bridging societal divides.
  • The forum will feature Keynote speeches from Nobel laureates Muhammad Yunus and Denis Mukwege, along with global leaders and experts, and is predicted to welcome over 2,000 participants from 80+ countries.
  • Former UN Secretary-General Ban Ki-moon emphasized the importance of global cooperation and innovation for sustainable development.
  • Yonsei University President Dong-Sup Yoon highlighted the forum’s role in driving change through education and collaboration as the university celebrates its 140th anniversary.

SEOUL, South Korea, March 10, 2025 /PRNewswire/ — Yonsei University (President Dong-Sup Yoon) will host the 7th Global Engagement & Empowerment Forum on Sustainable Development (GEEF 2025) from March 13 to 14, 2025, under the theme “Time for Action: Bridging Divides for a Sustainable Future.” The forum will focus on formulating innovative solutions to global challenges and resolving delays in achieving the Sustainable Development Goals (SDGs), while addressing key issues such as the climate crisis and poverty.

The 7th Global Engagement & Empowerment Forum on Sustainable Development (GEEF 2025)
The 7th Global Engagement & Empowerment Forum on Sustainable Development (GEEF 2025)

Following the UN General Assembly in September 2024, GEEF 2025 will prioritize actionable outcomes, given that global SDG progress stands at only 17%. Yonsei University hopes to continue hosting annual forums under the “Time for Action” theme, each exploring sector-specific and goal-oriented sub-themes.

Distinguished attendees include former UN Secretary-General Ban Ki-moon, former Austrian President Heinz Fischer, and UN Deputy Secretary-General Amina J. Mohammed. Nobel Peace Prize laureates Muhammad Yunus (2006) and Denis Mukwege (2018) will deliver keynote speeches. In a ‘Great Minds: Special Conversation’ session, Chang Yong Rhee, Governor of the Bank of Korea, and Jim Yong Kim, former President of the World Bank Group, will engage in an in-depth conversation about structural reforms and domestic/international economic divides, with Yonsei University President Dong-Sup Yoon moderating the discussion.

Former Foreign Minister Kyung-wha Kang, actress and environmental activist Jin Hee Park, and youth climate activist Jeah Han will present solutions for addressing gender gaps and promoting climate action. In addition, a total of 24 sessions will explore practical solutions to address extreme poverty, the climate crisis, and bridging gender, generational, and technological gaps.

GEEF 2025 will explore concrete solutions to address various social gaps, including gender, generation, digital competencies, and socio-economic status. Experts in each field will participate in in-depth discussions on policies and technological approaches to reduce gender inequality, educational efforts to reduce the digital divide, and methods to encourage youth participation. Additionally, the forum will seek innovative solutions to bridge social gaps through the use of artificial intelligence and cutting-edge technologies, and will develop concrete action plans to ensure that technology and data-based solutions can have a tangible impact across society. The forum will not only focus on discussions but will also encourage participants to take concrete actions and provide clear direction for building a sustainable society.

Furthermore, the Ban Ki-moon International Fellowship, aimed at cultivating leaders with global citizenship awareness in developing countries to lead a sustainable future for humanity, will be established and awarded.

8th UN Secretary-General Ban Ki-moon emphasized the urgency of global cooperation and innovation, stating that GEEF 2025 will serve as a crucial platform for identifying practical solutions for sustainable development.

Yonsei University President Dong-Sup Yoon highlighted that, as the university marks its 140th anniversary, GEEF 2025 presents a vital opportunity to drive change through education and inclusive collaboration while exploring tangible solutions for a sustainable future.

GEEF 2025 will be streamed live on the Institute for Global Engagement & Empowerment’s (IGEE) official YouTube channel. Participants can register in advance via the official website (http://www.geef-sd.org) by March 6 or register onsite during the event.

Yonsei University ranked 11th globally and 1st among private universities in Asia in the Times Higher Education (THE) Impact Rankings, which assess universities’ contributions to social impact. Additionally, in November 2023, Yonsei University, along with Seoul National University, Korea University, and POSTECH, launched the Sustainable Campus Initiative, reinforcing its commitment to ESG-driven education and SDG achievement.

For more information, please visit www.geef-sd.org.