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Nota AI Signs Generative AI Solution Contract with Dubai RTA, Accelerating Middle East Expansion

  • First Korean company to commercialize on-device generative AI solutions in the Middle East
  • Accelerating global expansion with proprietary AI optimization technology, fueling IPO momentum

SEOUL, South Korea, April 23, 2025 /PRNewswire/ — Nota AI, a leading AI optimization technology company, has signed a contract with Dubai‘s Road and Transport Authority (RTA) in the UAE to provide a generative AI-based Intelligent Transportation System (ITS) solution. The official signing took place at the ‘AI Assembly’ event held in Dubai on April 22.

Myungsu Chae (left), CEO of Nota Inc., and Mohammed Al Mudharreb (right), CEO of Dubai’s Roads and Transport Authority (RTA), at the signing ceremony during Dubai AI Week 2025.
Myungsu Chae (left), CEO of Nota Inc., and Mohammed Al Mudharreb (right), CEO of Dubai’s Roads and Transport Authority (RTA), at the signing ceremony during Dubai AI Week 2025.

Nota AI’s ITS solution is a core product of Nota Vision Agent (NVA), a cutting-edge traffic management solution powered by Vision-Language Models (VLM). It runs directly on NVIDIA data center and edge GPUs and leverages the NVIDIA AI Blueprint for  Video Search and Summarization (VSS) to process and summarize huge volumes of video data from traffic cameras. Leveraging real-time analysis capabilities, Nota AI’s platform effectively identifies hazards within complex road environments and the visual AI agents immediately alerts operations teams, which can greatly accelerate on-site response times. Additionally, the automated generation of analytical reports markedly improves administrative efficiency—factors highlighted by Nota AI as decisive in securing this recent contract.

Nota AI will present the project’s results at GITEX 2025, the largest technology exhibition in the Middle East, aiming to actively pursue further smart city initiatives throughout the region.

Following its successful Series C funding round last year, Nota AI has secured cumulative investments totaling $42.6 million USD. With a robust 136% revenue growth in 2024 and anticipated growth of 67% in 2025, the company has built a solid financial foundation ahead of its upcoming IPO. Significantly, Nota AI became the first AI optimization company to achieve a double-A rating in the KOSDAQ technology-based IPO evaluation in December 2024.

“This agreement with Dubai RTA marks an important milestone that clearly demonstrates Nota AI’s global technological competitiveness,” stated Myungsu Chae, CEO of Nota AI. “We look forward to successfully completing our IPO and spearheading AI-driven innovations across smart cities and diverse industries throughout the Middle East and beyond.”

A Leap Toward Smarter, More Efficient Workflows – MEGA 70W CO2 Laser Takes Efficiency to New Heights

Revolutionizing engraving, the MEGA 70W CO2 Laser combines AI-powered automation with advanced features to streamline operations for every maker and manufacturer. With a working area 35–40% larger than other CO2 laser machines, 25% more processing power, and cutting capabilities up to 25% thicker materials, it’s engineered to outperform the competition.

NEW YORK, April 22, 2025 /PRNewswire/ — Built for the modern creator, the MEGA 70W CO2 Laser is more than just a tool—it’s a game-changer. With a host of intelligent features like Batch Fill, Automatic Layout, and AI Creation, it’s designed to optimize every engraving task, cut dimming speed by 80%, and reduce equipment maintenance by up to 80%. Developed by Monport Laser, a trusted innovator in the engraving industry, the MEGA 70W CO2 Laser seamlessly combines smart automation and precise engineering to meet the needs of businesses, artists, and professionals across all industries.

Shop Monport MEGA 70W CO2 Laser Here. Use code BESTMP10 at checkout for 10% Discount.

The Brand Story: Where Innovation Meets Purpose

The Monport MEGA 70W CO2 Laser wasn’t born from a boardroom—it began with a conversation. As Monport’s team engaged with users and partners worldwide, a pattern emerged: growing demand for efficient solutions in curved surface engraving and high-volume batch production. From personalized thermoses to mass-customized drinkware, users were seeking a better way to engrave complex, non-flat surfaces at scale.

Driven by our user-centered development philosophy, Monport embarked on a mission to innovate. Our engineers explored how visual recognition, computer vision, and automation could be harmonized into a streamlined solution. The result? The Monport MEGA 70W CO2 Laser—an engraving system that automatically detects shapes, adjusts in real-time, and delivers flawless precision, even on irregular or cylindrical objects. It’s a solution built not only to meet the needs of today’s creators but to future-proof the workflows of tomorrow.

Recognizing that small businesses and large-scale manufacturers alike require scalability, the MEGA CO2 Laser is designed for adaptability. Whether handling a limited product line or thousands of units per day, MEGA’s biggest conveyor belt support and smart Batch Fill support allow users to adjust batch sizes and configurations with ease. The intuitive 5-minute alignment feature also simplifies setup, getting users from design to production faster than ever.

Maximizing Efficiency with Intelligent Automation

The MEGA 70W CO2 Laser takes engraving efficiency to new heights with its Batch Fill feature. Utilizing proprietary vision algorithms, this technology identifies identical shapes, colors, and material specifications, allowing for one-click batch engraving. This intelligent automation eliminates manual adjustments, saving users both time and effort while ensuring consistent results across multiple pieces.

Working seamlessly with the M-Design Hub, the MEGA 70W Laser optimizes each job by automatically adjusting material parameters based on the selected material type, whether you’re working with wood, acrylic, leather, or other substrates. This integration of smart design software streamlines the entire engraving process, making it faster and more accurate.

Automatic Layout: Streamlining Production and Reducing Waste

Further enhancing workflow, the Automatic Layout feature optimizes material usage by arranging scattered design elements into the most efficient layout. This AI-driven solution minimizes material waste, ensuring that every inch of material is used effectively. This feature is especially valuable for businesses working with high-volume custom jobs where maximizing material efficiency is key to reducing costs.

AI Creation: Powering Creativity

The AI Creation tool in the MEGA 70W Laser offers Text to Image and Image to Image functionality, powered by advanced AI models and Monport’s proprietary algorithms. This feature enables users to generate unique designs and modify images quickly and efficiently, making it easier than ever to create custom engravings without needing graphic design expertise. Whether you’re creating intricate artwork or product designs, the AI Creation feature enhances creative freedom and productivity.

Variable Text and Image for Batch Personalization

For those who specialize in personalized items, the Variable Text and Image feature takes customization to the next level. By allowing for the batch creation of products with custom text, serial numbers, and images, users can produce high-quality, personalized engravings quickly and efficiently. This feature is ideal for businesses that require mass customization, such as engraving awards, promotional materials, and gifts.

Pipelining Engraving: Continuous Production for Maximum Efficiency

Monport’s Pipelining Engraving feature adds an extra layer of efficiency, especially for high-volume production environments. By supporting conveyor belt accessories, the MEGA 70W Laser can automatically transport materials for continuous engraving, minimizing downtime and maximizing throughput. With its “1-Min Stay Fresh” smoke exhaust system, the machine maintains a clean and clear work environment even during extended production runs.

Enhanced Precision with M-Design Hub and Smart Controls

The MEGA 70W CO2 Laser is powered by Monport’s M-Design Hub, an intuitive design software that empowers users with a range of AI tools, material libraries, and real-time design previews. Combined with the machine’s Intelligent Touch Screen, users can access detailed visual previews, adjust laser parameters, and manage engraving operations with ease. The system’s smart interface allows for on-the-fly adjustments, including automatic material thickness detection, ensuring precise results every time.

For users who prefer using familiar platforms, the MEGA 70W Laser is fully compatible with LightBurn, providing a flexible and versatile experience that meets the needs of all engraving professionals.

Optimized for Real-World Workflows: Major Software Update Now Live

To support the evolving needs of MEGA users, the Monport Design Hub has just released a significant software upgrade focused on stability, precision, and user control. This update enhances overall network connectivity for smoother device communication, while a new manual USB port confirmation feature allows for more flexible network configuration. Additionally, eleven newly integrated image preprocessing algorithms now deliver sharper, cleaner engraving output—especially on high-detail or curved designs. Minor but important bug fixes have also been implemented, resolving previous inconsistencies in detail rendering. Altogether, this update is designed to help users achieve a higher level of performance, whether working on intricate single pieces or large-volume production runs.

Built for High-Volume Workflows

With batch processing capabilities, smart auto-layout, and advanced safety systems, the MEGA 70W CO2 Laser is designed for demanding environments. Its fully enclosed guide rails, intelligent airflow, and environmental sensors ensure smooth operations in both small workshops and large industrial settings. The system’s quiet, low-maintenance design—with 80% reduce maintenance requirements—makes it ideal for businesses looking for long-term productivity.

Shop Now and Save

The Monport MEGA 70W CO2 Laser is now available at www.monportlaser.com. For a limited time, use promo code BESTMP10 at checkout to receive exclusive savings on your purchase.

With the MEGA 70W CO2 Laser, Monport has raised the bar for engraving technology—delivering power, precision, and smart automation to help you achieve the best results in less time.

Shop Monport MEGA 70W CO2 Laser Here. Use code BESTMP10 at checkout for 10% Discount.

About Monport Laser

Monport Laser is a global leader in advanced engraving systems, trusted for its high-quality, precision-driven tools. Known for its commitment to innovation, Monport designs laser engraving and cutting machines that combine power, ease of use, and intuitive interfaces to meet the diverse needs of professionals and makers across industries.

Media Contact
Company: MonportLaser
Email: official@monportlaser.com
Website: https://www.monportlaser.com/ 

SANY Impresses at bauma 2025 with Sustainable Lineup and Digital Intelligence

MUNICH, April 23, 2025 /PRNewswire/ — The 34th bauma, the world’s leading trade fair for construction machinery, recently successfully concluded in Munich, Germany. With the theme “The World of Efficiency, Your Partner to Create the Best”, SANY Group, together with Putzmeister, presented a spectacular showcase of innovation and technology in the 5256m3 booth, attracting widespread attention. On opening day, SANY harvested more than 200 intended customers, securing intended orders of nearly 3 billion yuan (approx. 360.3 million euros).

 

SANY at bauma 2025- the World of Efficiency

This year, SANY showcased 35 flagship products, including excavators, telehandlers, wheel loaders, cranes, forklifts, and road machinery. Among them, 31 are CE certified, 15 debuted globally, and 11 are electric, highlighting SANY’s focus on sustainability and innovation.

Cutting-Edge Product Lineup with Global Debuts

SCC2000A-EV: SANY’s largest pure electric lattice boom crawler crane, featuring a 422kWh high-capacity CATL battery for up to 9 hours of operation. The 234kW Danfoss motor delivers strong power for demanding tasks. With a 200t lifting capacity, it features an 86m main boom, a 30m fixed jib, and a 63m luffing jib. It complies with CE certification and European transport regulations.

STR50E: The industry’s first 5-ton e-roller, equipped with a 60kWh battery, enabling over 7 hours of continuous operation with fast charging in just 60 minutes via shared EV charging piles. Powered by a CATL battery system with liquid-cooled thermal management, it operates reliably from -20°C to 50°C, with over 2,000 tested working hours and more than 2,000 charge cycles—equivalent to 30 years of service life.

SY215E: The flagship electric excavator, powered by a 422kWh CATL battery and 150kW high-power motor, ensuring 6–8 hours of continuous operation under European working conditions. With dual CCS2 charging (100% in 1.5 hours) and 360-degree AI cameras for human-zone detection, it enhances both safety and efficiency.

STH625E: SANY’s first compact telehandler designed for Europe, designed for tight spaces. At 1.85 meters wide and 1.92 meters high, it combines compact with powerful. A 34 kWh battery enables for 8 hours of operation in a travel speed of 20 km/h.

Digital Intelligence Takes Center Stage

SANY’s Digital Intelligence Exhibition Zone also drew large crowds, with the MySANY platform, and the Mechlink Intelligent Excavation System sparking great interest and inquiries.

Developed by Yaowu Technology and SANY Heavy Machinery’s Large Excavator R&D Institute, the Mechlink Intelligent Excavation System is designed for large excavators in harsh and hazardous scenarios. Utilizing ultra-low latency 5G, it enables L2-level one-click intelligent excavation, ensuring safety, efficiency, and advanced intelligence.

Another highlight was a live demonstration of remote excavator control from Munich, Germany to Huzhou, China—a distance of over 8,500 kilometers—which drew more than 200 participants and was met with enthusiastic acclaim.

SANY’s European journey began in 2009 with its entry into Bedburg, Germany. Since then, it has built a robust ecosystem across Europe, including R&D, manufacturing, marketing, and after-sales service. With 150 dealers, 120 sales experts, 70 service vehicles, and €20 million in spare parts inventory, SANY consistently exceeds customer expectations, and meets the market requirements for clean, green, and sustainable products.

International Forum on Northeast China Impressions: The Local-Cosmopolitan Dimensions of Northeast China’s Culture Held at Jilin University

BEIJING, April 23, 2025 /PRNewswire/ — A report from China Daily: On April 18th, the International Forum on Northeast China Impressions: The Local-Cosmopolitan Dimensions of Northeast China’s Culture, jointly organized by the Publicity Office of the CPC Jilin University Committee, the Institute of International Communication Studies of Jilin University, and the College of Journalism and Communication of Jilin University, commenced in Changchun.

The opening ceremony was attended by officials from the Publicity Department of the CPC Jilin Provincial Committee, the Education Department of Jilin Province, the Foreign Affairs Office of Jilin Province, and the Jilin Province Department of Culture and Tourism, as well as leaders from other universities in Jilin province and representatives from the Jilin Branch of Xinhua News Agency and China Media Group Jilin Bureau.

During the ceremony, Jilin University, on behalf of other universities in Jilin Province, proposed the Launch of the Jilin Province Universities International Communication Alliance Initiative. Representatives from 12 universities—including Jilin University, Northeast Normal University, Yanbian University, Changchun University of Technology, Changchun University of Chinese Medicine, Jilin Normal University, Jilin University of Finance and Economics, Jilin Jianzhu University, Changchun University, Jilin Engineering Normal University, Jilin International Studies University, and Jilin Animation Institute—jointly signed the declaration of initiative.

The forum brought together dozens of experts, scholars, and youth representatives from 16 countries, including the United States, Russia, France, South Korea, Canada, Spain, Egypt, Morocco, Nigeria, Peru, Cuba, Thailand, Laos, Pakistan, and Vietnam. The event featured discussions on key topics, including “Dialogue on New Paradigms for the International Dissemination of Northeast China’s Culture”, “Local Culture and Global Aesthetics Dialogue in the International Communication of Northeast China’s Literature”, “Dynamic Interpretation and Global Reception of Northeast China’s Industrial Culture”, “The Living Heritage and Global Dialogue of Northeast China’s Folk Culture”, “Contemporary Transformation and Cross-Cultural Integration of Northeast China’s Art and Culture”, and “Sustainable Development and Global Cooperation in Northeast China’s Ecological Industries”. Professor Zhang Fugui from Jilin University emphasized the importance of multidimensional integration in innovating the international communication of Northeast China’s culture, advocating for cross-boundary storytelling to bridge the local value experiences of Northeast China’s culture with global civilizational resonance.  Additionally, the forum hosted art and photography exhibitions showcasing Northeast China’s culture.

The scene of the opening ceremony of the International Forum on
The scene of the opening ceremony of the International Forum on “Northeast China Impressions: The Local-Cosmopolitan Dimensions of Northeast China’s Culture”

 

Baozun Releases 2024 Sustainability Report

SHANGHAI, April 23, 2025 /PRNewswire/ — Baozun Inc. (Nasdaq: BZUN and HKEX: 9991) (“Baozun”, “we” or the “Company”), a leading brand e-commerce solution provider and digital commerce enabler in China, today announced the release of its 2024 Annual Sustainability Report (the “Sustainability Report”), highlighting the Company’s achievements in environmental sustainability, social responsibility, and corporate governance.

Baozun integrates sustainability into both daily operations and long-term strategic planning, consistently fostering a low-carbon ecosystem, advancing AI-driven innovation, and cultivating a caring and inclusive workplace. Baozun’s Founder, Chairman and CEO, Mr. Vincent Qiu, remarked, “Guided by our mission of ‘Technology Empowers the Future of Commerce,’ Baozun continues to harness its digital capabilities to empower brands in building resilient supply chains and driving green consumption. Amid the wave of the digital economy, we remain committed to leading the industry toward a more efficient, inclusive, and sustainable future.”

Key ESG achievements in 2024:

  • In 2024, Baozun’s Scope 1 and Scope 2 greenhouse gas (GHG) emissions decreased by 35.5% compared to 2021 (excluding Gap China).
  • Following the “3R (Reduction, Replacement, Removal)” carbon reduction concept, Baozun advanced carbon verification initiatives, achieving ISO 14064 carbon verification certification for three of our warehouse and logistics parks — Wujiangnan, Yishang, and Tuopu. Additionally, Yishang and Tuopu parks were certified as PAS 2060 carbon-neutral parks.
  • We strengthened our carbon data management capabilities with the launch of a Carbon Emissions Digital Dashboard. This tool enables real-time visualization of carbon emissions data and trends, providing scientific support for the development of energy-saving and emission-reduction strategies.
  • With our two core technology solutions — OMS 4.0 and DTC 2.0 — Baozun was recognized in the Gartner Market Guide for Technology Providers. This reflects our leading capabilities in global brand e-commerce and technology services, empowering brands in their omnichannel digital transformation and growth.
  • Leveraging our self-developed integrated management platform, S-ANY, the Company launched new features including Public Opinion Monitoring and Smart Assistant (S-Whiz) to enhance customer service operations and consumer insights, continuously improving service efficiency and customer experience.
  • Baozun partnered with the “Her Unlimited Women Development Center” to launch a rural women empowerment program, contributing to women’s entrepreneurship and rural revitalization.
  • Baozun and its subsidiary, Baozun Brand Management Company (Gap China), received wide recognition for their ESG practices. Baozun received the Best ESG Innovation Award at the 9th Zhitong Finance Listed Company Awards and the ESG Model Award at the International Zero Carbon Festival. Gap China was honored with the Best Social Responsibility Award and the Public Welfare Practice Award at the Employer Brand Creativity Competition.

For the full Baozun 2024 annual sustainability report, please visit: https://ir.baozun.com/ESG-Report.

Safe Harbor Statements

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,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continues,” “ongoing,” “targets,” “guidance,” “going forward,” “looking forward,” “outlook” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Baozun’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 Baozun’s filings with the United States Securities and Exchange Commission and its announcements, notices or other documents published on the website of The Stock Exchange of Hong Kong Limited. All information provided in this press release is as of the date hereof and is based on assumptions that Baozun believes to be reasonable as of this date, and Baozun undertakes no obligation to update such information, except as required under applicable law.

About Baozun Inc.

Founded in 2007, Baozun Inc. is a leader in brand e-commerce service, brand management, and digital commerce service. It serves more than 490 brands from various industries and sectors around the world, including East and Southeast Asia, Europe and North America as of December 31, 2024.

Baozun Inc. comprises three major business lines — Baozun e-Commerce (BEC), Baozun Brand Management (BBM) and Baozun International (BZI) and is committed to accelerating high-quality and sustainable growth. Driven by the principle that “Technology Empowers the Future Success”, Baozun’s business lines are devoted to empowering their clients’ business and navigating their new phase of development.

For more information, please visit http://ir.baozun.com.

For investor and media inquiries, please contact:

Baozun Inc.
Ms. Wendy Sun
Email: ir@baozun.com 

EARTH DAY LIGHTS UP THE WORLD AS ICONIC LANDMARKS ILLUMINATE IN GREEN TO SHOW UNITY AND COMMITMENT TO THE PLANET

WASHINGTON, April 23, 2025 /PRNewswire/ — To mark the 55th anniversary of Earth Day on April 22nd, we are proud to stand with communities around the world in support of our planet. Since 1970, EARTHDAY.ORG has united over one billion people annually to protect the environment.

This year, our “Earth Day 55: Illuminations for the Future,” lights up iconic buildings all over the world in green on April 22nd. This illumination serves as a powerful visual reminder of our shared responsibility to safeguard  the environment and our commitment to building a sustainable future.

LINK TO PHOTOS

From towering skyscrapers in New York City to cultural landmarks in Europe and Asia, these illuminations serve as a timely and visual call to action. They represent a shared commitment to preserving the environment and reflecting a growing awareness of the urgent need to care for the world we all depend on.

“These illuminations are a beacon, reminding us that there is always light, and that we are all in this together, united by our common cause to care for the planet, our own communities, families and our own well being,” says Kathleen Rogers, President of EARTHDAY.ORG.

In New York, buildings participating include One World Trade Center, One Five One West 42, the OneWTC Podium, Sven LIC, One Bryant Park, the Vessel at Hudson Yards, 10 Hudson Yards, Edge, Bronx Terminal Market, and the Con Edison Clock Tower in Manhattan. The Capitol Theatre in Port Chester, New York will also be glowing green in honor of the day.

“We applaud those who have loaned their buildings and landmarks around the world to signal we are one world in this together,” says John Oppermann, Executive Director of Earth Day Initiative.

Beyond New York, LA City Hall in Los Angeles lit up.

“All Angelenos deserve clean air, clean drinking water and access to green infrastructure such as maintained parks and EV chargers,” says Mayor Bass. “We’ve seen the dangers of climate change first hand – and we must do all that we can to continue building climate-resistant, zero-emission and green infrastructure in order to protect our city and all who live here.”

Outside of the U.S other iconic buildings went “green” – The Scottish Event Campus (SEC) in Glasgow, Scotland, Christ the King in Lisbon, Portugal, Frere Hall in Karachi, Pakistan, the Mercedes-Benz Arena in Shanghai, China are also all participating in this global gesture. In Mumbai, India several famous buildings are lighting up – the Chhatrapati Shivaji Maharaj Terminus and Indian Merchant Chamber. In Kolhapur, Shivaji University, Chhatrapati Shahu Maharaj Terminus, and Chhatrapati Rajaram Maharaj Airport. In Gurajat – the Sardar Vallabhbhai Patel International Air. In DelhiSt. James’ Church.

“To mark the 55th anniversary of Earth Day on 22 April and the 10th anniversary of the Paris Agreement we are proud to stand with communities around the world in support of our planet,” says Kathleen Warden, Director of Conference Sales, Scottish Event Campus, Glasgow, Scotland (host of COP26). “Since 1970, EARTHDAY.ORG has united over one billion people annually to protect the environment, and this year we are honoured to join other iconic buildings worldwide to illuminate the Hydro, serving a powerful reminder of our shared responsibility to safeguard our environment and build a sustainable future.”

These illuminations serve as a powerful visual reminder to care for our planet’s health, while also offering a way to educate and inspire everyone. They are a symbolic reminder that the health of our planet is a shared responsibility, and that awareness must be matched with intention and action.

“Education is fundamental to each urban policy. Only last year at the Rydzowa Ecological Education Center we provided training for 34 000 people, mostly children, and adults as well,” says Magdalena Młochowska, Director and Coordinator for Green Warsaw, Poland.

About EARTHDAY.ORG: Founded in 1970 by the organizers of the first Earth Day, EARTHDAY.ORG has grown into the world’s largest environmental movement, mobilizing over one billion people annually to protect the planet and its people. Our mission is to diversify, educate, and activate the environmental community globally. This year Earth Day marks its 55th anniversary and has designated this year’s Earth Day theme as Our Power, Our Planet. Learn more at EARTHDAY.ORG.

For media inquiries, interviews, comment – please feel free to contact:
Terran Fielder, fielder@earthday.org, +1 661 444 4436

Canadian Solar’s e-STORAGE to Deliver 912 MWh of Energy Storage Solutions for Colbún’s Diego de Almagro Sur Project in Chile

KITCHENER, ON, April 23, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has signed a contract with Colbún, one of Chile’s leading power generation companies, to supply a 228 MW/912 MWh Battery Energy Storage System (BESS) for the Diego de Almagro Sur project in Chile’s Atacama Region.

The Diego de Almagro Sur BESS Project will utilize e-STORAGE’s SolBank 3.0, a proprietary battery energy storage solution, featuring lithium-iron-phosphate battery technology, an active balancing battery management system, and an advanced liquid cooling system for superior performance and safety. e-STORAGE will also provide Colbún with a fully integrated solution that includes local project management, commissioning services, and long-term maintenance.

Construction is scheduled to begin in June 2025, generating up to 150 jobs at peak activity. The project is expected to reach commercial operation in December 2026. With enough capacity to cover the equivalent electricity consumption of 55,480 households, this storage system will be co-located with the 232 MW Diego de Almagro Sur Solar Park, which Colbún has been operating since 2022. The solar park currently includes an existing battery storage system with a capacity of 8 MW/32 MWh of storage.

Beyond providing energy shifting and capacity contribution, the Diego de Almagro Sur BESS Project will deliver advanced grid services—such as grid forming, black start, and inertia support—that are essential for integrating more renewables into Chile’s national grid. By creating local jobs and leveraging local supply chains, the project is expected to generate a positive socio-economic impact in the Atacama Region. In addition, SolBank 3.0’s high efficiency and safety profile help minimize environmental footprint, supporting Colbún’s sustainability goals while ensuring long-term system performance.

José Ignacio Escobar, CEO of Colbún, commented, “This agreement with e-STORAGE positions us as one of the leading companies in Chile’s energy storage market, ensuring a continuous and secure supply of renewable energy for our industrial clients. This project, together with the other battery systems we are developing in the north of the country, will complement the storage capacity we already have through our reservoirs in the south. It is aligned with our vision of driving a responsible energy transition, where renewable energy must be not only sustainable, but also secure, continuous, and competitive.”

Colin Parkin, President of e-STORAGE, added, “We are proud to support Colbún’s bold vision of advancing Chile’s energy transition through large-scale storage. The Diego de Almagro Sur BESS Project represents a significant milestone for e-STORAGE’s expansion in Latin America and reinforces our role as a key enabler of Chile’s clean energy transformation. This project showcases the critical role of BESS in enabling greater grid reliability, optimizing renewable energy usage, and supporting industrial demand with a secure and continuous supply. With our SolBank 3.0 technology, we are not only delivering cutting-edge performance and safety, but also reinforcing our long-term commitment to Latin America’s clean energy future.”

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 150 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 10 GWh of battery energy storage solutions to global markets as of December 31, 2024, boasting a US$3.2 billion contracted backlog as of December 31, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About e-STORAGE

e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. Currently, e-STORAGE operates two fully automated, state-of-the-art manufacturing facilities with an annual battery production capacity of 20 GWh. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.

About Colbún

Colbún S.A. is a company with 38 years of experience in power generation and commercialization. It serves a portfolio of over 350 industrial clients and companies, employs nearly 1,200 people, and has an installed capacity of more than 5,000 MW through 29 power plants in Chile and Peru. The company is driving an ambitious pipeline of solar, wind, and energy storage renewable projects to support its growth, along with initiatives in green hydrogen and water treatment. In addition, Colbún is a key player in the energy solutions market, offering solar plants for clients, energy management systems, and infrastructure for electromobility, among other services. Learn more about Colbún by visiting www.colbun.cl.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com 

e-STORAGE MEDIA CONTACT
marketing@csisolar.com 

COLBÚN MEDIA CONTACT
Liliana Orellana
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Yalla Group Limited Files 2024 Annual Report on Form 20-F

DUBAI, UAE, April 23, 2025  /PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced that it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) on April 23, 2025, U.S. Eastern Time.

The annual report can be accessed on Yalla’s investor relations website at https://ir.yalla.com and on the SEC’s website at https://www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.

About Yalla Group Limited

Yalla Group Limited is the largest MENA-based online social networking and gaming company, in terms of revenues in 2022. The Company operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games, popular in MENA, with in-game voice chat and localized Majlis functionality. Building on the success of Yalla and Yalla Ludo, the Company continues to add engaging new content, creating a regionally-focused, integrated ecosystem dedicated to fulfilling MENA users’ evolving online social networking and gaming needs. Through its holding subsidiary, Yalla Game Limited, the Company has expanded its capabilities in mid-core and hard-core games in the MENA region, leveraging its local expertise to bring innovative gaming content to its users. In addition, the growing Yalla ecosystem includes YallaChat, an IM product tailored for Arabic users, WeMuslim, a product that supports Arabic users in observing their customs, and casual games such as Yalla Baloot and 101 Okey Yalla, developed to sustain vibrant local gaming communities in MENA. Yalla is also actively exploring outside of MENA with Yalla Parchis, a Ludo game designed for the South American markets. Yalla’s mobile applications deliver a seamless experience that fosters a sense of loyalty and belonging, establishing highly devoted and engaged user communities through close attention to detail and localized appeal that profoundly resonates with users.

For more information, please visit: https://ir.yalla.com.

For investor and media inquiries, please contact:

Yalla Group Limited
Investor Relations
Kerry Gao – IR Director
Tel: +86-571-8980-7962
Email: ir@yalla.com 

Piacente Financial Communications
Jenny Cai 
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com