New AI-focused initiatives with an enhanced incentive program, an AI partner accelerator program and revitalized service partner strategy to support global partners and customers

BALI, INDONESIA – Media OutReach Newswire – 3 December 2024 – Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group today announced the launch of its revamped AI-focused partner ecosystem plan, known as “Alibaba Cloud Partner Rainforest Plan” during the Alibaba Cloud Partner Summit 2024 through a series of new initiatives including an AI partner accelerator program, an enhanced incentive program and a revitalized global strategy for service partners. The initiatives aim to foster the growth of global partners and accelerate the development and deployment of cutting-edge artificial intelligence and cloud computing solutions for businesses across various industries worldwide.

“At Alibaba Cloud, we believe that collaboration is the key to unlocking innovation and driving growth. Our global partners are not just participants, they are the architects of a new digital landscape in the AI era.” Selina Yuan, President of International Business, Alibaba Cloud Intelligence said during the summit, “Today, with our revamped global partner ecosystem, we are committed to supporting our global partners to jointly reap the benefits of AI era and meet the diverse business demand of global customers.”

New AI-focused Partner Ecosystem initiatives

To meet the surging demand for AI technologies from the global customers, Alibaba Cloud debuted AI Alliance Accelerator Program to build a dedicated AI partner ecosystem through collaboration with 50 AI technology partners and 50 channel partners in 2025.

This program offers selected AI technology partners enhanced technical support focused on AI, expanded distribution channels, collaborative go-to-market resources, and dedicated AI consulting services. Meanwhile, chosen channel partners will benefit from increased financial incentives and market development funds for their AI-related initiatives. By leveraging Alibaba Cloud’s AI capabilities and its global technology ecosystem, the initiative aims to enhance partner enablement and accelerate diverse partners’ digital transformation journey. It also seeks to empower global partners to capitalize on the opportunities presented by the AI era, reaching a broader customer base through Alibaba Cloud’s extensive distribution network of channel partners

Alibaba Cloud has also unveiled an enhanced global system for its service partners, introducing the Revitalized Service Partner Program. This initiative focuses on cultivating new service partners by upskilling channel partner and technology partners with targeted training and empowerment, equipping them with necessary capabilities of consulting, implementation and managed services to diversify their revenue stream and deliver a comprehensive service to the customer. It also seeks to empower existing service partners by expanding their offering to include both product reselling and service delivery. Additionally, leveraging Alibaba Cloud’s Generative AI capabilities, the company has collaborated with service partners to jointly develop the Managed Large Language Model Service and other AI-focused services to foster an AI partner ecosystem and address the diverse digital transformation needs of global customers.

Meanwhile, Alibaba Cloud pledged to extend new strategic partnerships with 18 service partners including Whale Cloud, Bespin Global, Cognizant Worldwide, Deloitte, Accenture and FPT out of the existing 50 global standard service partners via enhanced resource sharing and capability complement, aiming to build a comprehensive service system that meets diverse needs of global customers.

In addition, the company also released its Synergistic Incentive Program designed to strengthen the collaboration between its global technology partners and channel partners, fostering a vibrant and dynamic ecosystem. The program introduces an expanded go-to-market pathway, enabling technology partners to boost revenue by leveraging Alibaba Cloud’s extensive channel network while channel partners gain access to a broader product portfolio, increasing sales opportunities and enhancing profit margins. This initiative drives mutual growth and reinforces Alibaba Cloud’s commitment to empowering its partners and nurturing a robust global ecosystem.

Enhanced Collaborations with Global and Regional Partners

In order to support global customers to reap the benefit of digitalization in the AI era. Alibaba Cloud has also announced enhanced collaboration with innovative technology and channel partners, both globally and regionally, to provide cutting-edge cloud computing and AI products and solutions, fostering a thriving and sustainable ecosystem.

In Indonesia Alibaba Cloud has reached a strategic partnership with Telkom Indonesia to provide innovative and effective AI-supported cloud solutions for the Indonesian community. Additionally, this collaboration aims to develop the digital talent increasingly needed in Indonesia to realize the vision of Indonesia Emas 2045.

In Japan: Alibaba Cloud has partnered with Securai, a Japanese company that provides cloud services and information security solutions, to meet the booming digital transformation requests by Japanese businesses. In particular, Securai will localize Alibaba Cloud’s Zstack service for the Japanese market and provide operational support for the stable continuation of the service. Alibaba Cloud’s Zstack is an enterprise-grade cloud platform designed specifically for enterprise customers based on the Apsara distributed operating system for enhanced self-ownership, security compliance, and autonomous O&M.

In Thailand: Alibaba Cloud signed a MoU with Yell Group, a leading creative digital company based in Thailand. This collaboration aims to address the growing demand for Generative AI and to empower the creative media industry with scalable and reliable cloud-based solutions. Leveraging cutting-edge Generative AI, the company develops applications to support creators in their visual endeavors. To promote industry-wide adoption of AI-driven solutions, Yell Group will utilize Alibaba Cloud’s robust cloud computing capabilities to enhance scalability in the creative sector. Additionally, the partnership will introduce Alibaba Cloud’s media solutions, such as Elastic Desktop Service (EDS) and Object Storage Service (OSS), to foster innovation and growth in this dynamic field.

Alibaba Cloud currently works with about 12,000 partners worldwide, including Salesforce, Fortinet, IBM and Neo4j.

Hashtag: #alibaba

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

About Alibaba Cloud

Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, big data analytics, machine learning and artificial intelligence (AI) services. Alibaba has been named the leading IaaS provider in Asia Pacific by revenue in U.S. dollars since 2018, according to Gartner. It has also maintained its position as one of the world’s leading public cloud IaaS service providers since 2018, according to IDC.

SINGAPORE – Media OutReach Newswire – 3 December 2024 – ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest-growing data centre colocation services providers, today announced its collaboration with Zenlayer, the world’s first hyperconnected cloud, to bring high-performance private connectivity to STT GDC’s global data centre platform, starting with select markets in Southeast Asia (SEA).

STT GDC’s data centre interconnectivity (DCI) solutions provide seamless and secure interconnection between its owned and operated data centre facilities and other key locations like internet exchanges and cloud providers, empowering its customers with enhanced network performance, reduced latency, and improved access to critical IT resources.

Through Zenlayer’s Private Connect, customers can now connect STT GDC’s Data Centre Interconnection Hubs in Singapore, Thailand, the Philippines, and Vietnam. They will be able to leverage Zenlayer’s global private backbone to enjoy high-speed connectivity with carrier-grade reliability, seamlessly connecting global locations for enhanced performance and flexibility. This joint offering will be progressively rolled out across STT GDC’s portfolio of data centres globally.

“As businesses become increasingly interconnected across the globe, the need for reliable, high-performance data centre connectivity has never been greater. This partnership with Zenlayer allows us to deliver a superior network experience to our customers, no matter where they operate, and to ensure that they can meet the evolving demands of the digital economy and maintain a competitive edge,” said Lionel Yeo, CEO – Southeast Asia, ST Telemedia Global Data Centres.

“We are glad to join forces with ST Telemedia Global Data Centres.” said Joe Han, Chief Operating Officer of Zenlayer, “The partnership underscores our commitment to delivering world-class connectivity solutions across Asia. By combining our strengths, we are well-positioned to provide global businesses with the infrastructure they need to thrive in today’s competitive digital landscape.”

The rapid growth of data from various sources like IoT and cloud services, coupled with advancements in technologies like AI and 5G, is fuelling the increasing demand for efficient data centre interconnectivity. The data centre interconnect market is projected to exceed US$14 billion in 2024 and grow to over US$28 billion by 2029, at a compound annual growth rate (CAGR) of 14.98%. Notably, the Asia Pacific region is expected to be the fastest-growing market globally.

For more information on STT GDC’s Interconnection Hub offerings, please click here.
Hashtag: #STTelemediaGlobalDataCentres #STTGDC

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

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visit https://www.sttelemediagdc.com/.

About Zenlayer

Zenlayer is the world’s first hyperconnected cloud, operating more than 300 Points of Presence across 50 countries. Businesses utilize Zenlayer’s on-demand compute and networking services to deploy and run applications at the edge. Zenlayer enables organizations to instantly improve real-time digital experiences worldwide. Visit us online at www.zenlayer.com and connect with us on LinkedIn and Twitter: Zenlayer.

• Advances in artificial intelligence, machine learning and sensor fusion drive robotics functionality across factory, home, classroom, healthcare and military applications
• Ongoing innovations in high-speed connectivity, edge computing, network redundancy and fail-safe procedures crucial to optimizing robotics opportunities
• Emergence of natural language processing and emotional AI functionality poised to propel more intuitive, responsive and adaptive human-machine interaction

LISLE, IL – Media OutReach Newswire – 3 December 2024 – Molex, a global electronics leader and connectivity innovator, has issued a thought leadership report that looks at the future potential of robotics, resulting in more intuitive, intelligent and interconnected human-machine communications and collaborations. “The Molex 2024 Robotics Report: How Robotics will Empower Human Potential” contemplates a future where highly advanced robotics systems and multipurpose robots transform fundamental aspects of everyday life — from improving how factories function and students learn to making smart homes more efficient, elevating patient care and increasing support for military operations.

“As we explore the role of robotics across various industries, it is becoming increasingly apparent that the future will be shaped by the evolving relationship between humans and machines,” said Brian Hauge, SVP and president, Consumer and Commercial Solutions, Molex. “This latest industry report sheds light on a promising future of unprecedented human-machine interactions while underscoring the critical need for enabling technologies and seamless connections between robotics systems and their human counterparts to empower faster, more effective and extremely precise decision making.”

Foundational Technologies Driving Robotics Advancements
The future of robotics depends in larger part on the continued evolution of core communications and computing technologies that enable autonomous operation in dynamic environments. Topping the list is high-speed connectivity, as robotics systems require low-latency communications and near-instantaneous data transfers to respond with speed and precision. While 5G/6G networks will deliver high bandwidth, low latency communications, it is important to design robotics solutions with multiple connectivity options, including the ability to switch between 5G and Wi-Fi or satellite networks that provide multi-channel redundancy.

Equally important, processing data locally on nearby edge devices ensures uninterrupted, independent operation of robotics systems and robots. With edge computing, for example, these automated solutions can process data instantaneously, which is essential for applications requiring split-second decisions. In most industrial automation or manufacturing environments, robots are always programmed with fail-safe protocols that throttle back power and functionality to a safe operational state if connectivity is disrupted or compromised.

Benefitting from AI/ML and Sensor Fusion Innovations
As the biggest engines behind robotic adaptability, advancements in AI and ML are crucial. AI algorithms let robots make informed decisions based on real-time data while adapting quickly to new circumstances, and even predicting future conditions based on past interactions. Through ML, robots can analyze patterns to optimize behavior while increasing efficiency and accuracy by continually learning, adapting and improving performance. Sensor fusion combines data from different sources, such as LiDAR, cameras, along with depth and force sensors, to help multipurpose robots better perceive depth, movement and obstacles in different settings.

Important Factors in Greater Human-Robot Interactions
According to Molex’s robotics report, robots that can understand, respond to, and even anticipate human emotional and contextual needs are on the horizon. With Natural Language Processing (NLP), for instance, robots can follow spoken commands, engage in dialogue and adjust actions based on contextual understanding. Additionally, emotional AI enables robots to recognize and respond to emotional cues by analyzing a human’s tone of voice or facial expressions. Molex expects this rise in human-centered interactions to foster a deeper sense of engagement, enabling future robotics systems and autonomous robots to adapt more readily to complex home environments, and take on new roles as personalized educational tutors, indispensable surgery assistants and continuous patient monitors.

With the arrival of Industry 4.0, collaborative robots, or cobots, are gaining traction in handling increasingly complicated duties in industrial settings. Not only can robotics systems and an entire fleet of robots keep production lines running smoothly, but they can also anticipate and fix potential manufacturing bottlenecks while helping engineers design better products. In the future, cobots will redefine precision and personalization in every environment, including operating rooms, classrooms and battlefields.

Critical Enabler of Robotic Transformations
Major advances in robotic technologies and greater interaction opportunities will require innovations in connectivity, power management and data processing. Molex’s robust portfolio of resilient and reliable connectors will enable ever-increasing collaboration between humans and machines to support the most demanding applications across diverse industry sectors.
Hashtag: #Molex

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

About Molex

Molex is a global electronics leader committed to making the world a better, more connected place. With presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit www.molex.com.

HONG KONG SAR – Media OutReach Newswire – 3 December 2024 – AS Watson announced the grand opening of its 16,800^th store worldwide, further consolidating its position as the world’s largest international health and beauty retailer, with a portfolio of 12 brands operating across 29 markets. This store was opened in Rotterdam, marking a remarkable milestone in AS Watson’s ongoing expansion and its commitment to delivering a seamless and exceptional O+O (Offline plus Online) customer experience.

Dr. Malina Ngai, Group CEO of AS Watson, expressed her excitement at the store opening ceremony, “The opening of our 16,800^th store represents more than our growth as a company – it symbolises our commitment to serving the communities worldwide. With every store we open, we create jobs, foster customer relationships, and build lasting trust.”

“16,800 is a number with special meaning in Chinese culture. The number 6 symbolises ‘everything goes smoothly’ while 8 represents ‘good fortune’. We embrace the special meaning of this milestone and look forward to a future of lasting success and prosperity, not only for our business growth but also in extending these best wishes for a brighter future for the world during this festive Christmas season,” Malina added.

Commitment to Continuous Growth

Ed van de Weerd, CEO of AS Watson Benelux, remarked, “We’re honoured that AS Watson’s 16,800^th store worldwide opens in vibrant Rotterdam, demonstrating AS Watson’s steadfast commitment to growth in the Benelux region and globally. As the No. 1 health and beauty retailer in the Netherlands, Kruidvat serves its customers with nearly 1,000 O+O stores and over 24,000 passionate colleagues, and has become an integral part of many Dutch people’s lives.”

The brand-new store will serve over 11,000 customers every week. As one of the largest Kruidvat stores, it spans over 770 square meters and is designed to enhance O+O shopping experience with clear in-store navigation. The store offers an extensive assortment of over 36,000 products, making it the largest selection among all Kruidvat stores.

The newly upgraded Kruidvat app delivers personalised offers and health advice to customers, enabling them to effortlessly manage their shopping lists and track their points balance, ensuring they always get the best deals. Additionally, the app’s streamlined checkout process enhances convenience with click-and-collect options.

Looking ahead, AS Watson remains committed to innovation and excellence in customer experience, and will continue its growth journey with the purpose of putting a smile on the customers’ faces today and tomorrow.

Hashtag: #ASWatson

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

DUBLIN, IRELAND – Media OutReach Newswire – 3 December 2024 – Aon plc (NYSE: AON), a leading global professional services firm, today announces the appointment of Anne Corona as CEO of Enterprise Clients and global chief commercial officer, effective 1 January 2025.

This appointment is part of the firm’s strategy to advance its commercial capabilities by deepening commercial alignment, integration of data and analytics and service excellence globally to better service clients.

In this role, Corona will work with Aon’s Enterprise Client Group leaders and regional chief commercial officers as the firm continues to evolve its next generation Aon Client Leadership strategy to deliver integrated solutions to clients to help them protect and grow their businesses.

“The challenges our clients are facing are multi-faceted, complex and interconnected, and all require agility and the ability to make decisions quickly, said Lori Goltermann, CEO of Regions and North America for Aon. “Anne’s exceptional leadership and strategic vision will strengthen Aon’s commercial capabilities and expertise to help our clients make better decisions across risk and people issues.”

Corona brings a wealth of experience from her nearly 25-year career with Aon, most recently serving as CEO of Asia Pacific, based in Singapore. She has demonstrated exceptional leadership and strategic vision, building momentum and unity in the region, driving innovation and growth by enhancing the firm’s capability across all solution lines and fostering key client relationships. With a strong enterprise mindset, Corona has focused her career on serving large, global clients and brings a holistic and integrated view to how the firm delivers more for its clients while identifying, onboarding, training and developing opportunities for client-facing talent. She will continue to be a member of the Aon Executive Committee and to report to Goltermann.

“I am honored to assume this global responsibility and work more closely with our talented team of leaders to support our clients around the world”, said Corona. “Aon’s commitment to innovation is creating key points of difference in how we serve our clients across Risk Capital and Human Capital and delivering unmatched content, capability and expertise to our clients.”
Hashtag: #Aon

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

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Disclaimer
The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.

London, United Kingdom – Newsfile Corp. – December 2, 2024 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), proudly announces the appointment of Thomas Sennhauser to its esteemed Board of Directors, effective 1st December 2024.

With a stellar career spanning over two decades, Thomas brings unparalleled expertise in technology leadership, R&D and digital transformation. Currently serving as the CTO and Business Lead, APJ, at Intel Corporation, he has driven ground-breaking advancements in AI, IoT, SDN and Cloud Infrastructure, forging partnerships that have reshaped industries across the Asia-Pacific region and beyond.

“Thomas’s appointment signals a new era for Gorilla,” said Jay Chandan, Chairman and CEO of Gorilla Technology. “His visionary leadership and deep technical expertise align perfectly with our ambitious goals. With Thomas on board, we are poised to elevate Gorilla’s innovation and global influence to unprecedented heights.”

Thomas Sennhauser, Board Member

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Thomas’s career is a testament to strategic brilliance and technical mastery. At Intel, he has spearheaded initiatives that delivered transformative solutions, from building advanced cloud ecosystems to enabling AI-powered business outcomes. Prior to Intel, his roles at Hewlett Packard Enterprise further solidified his reputation as a global technology strategist, particularly in emerging fields like Network Function Virtualisation (NFV) and Software Defined Networking (SDN).

“Joining Gorilla’s Board of Directors is an honour,” said Thomas Sennhauser. “Gorilla’s commitment to driving innovation and solving the challenges of tomorrow resonates deeply with me. I look forward to collaborating with the team to achieve bold, transformational milestones.”

Thomas will contribute to the strategic direction and governance of Gorilla as it scales its operations, strengthens its market leadership and continues its mission to redefine industries through cutting-edge AI, cybersecurity and smart city solutions.

This appointment comes at a time of significant momentum for Gorilla, as the company expands its global footprint and deepens its impact across sectors ranging from public safety to enterprise efficiency.

About Gorilla Technology Group Inc.

Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

Forward-Looking Statements

This press release contains forward-looking statements, which are based on estimates, assumptions, and expectations. Actual results and performance could differ materially and adversely from those expressed or implied in forward-looking statements. Gorilla does not undertake any obligation to update any forward-looking statements, except as required by law.

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

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

About Gorilla Technology Group Inc.

Saguenay, Quebec – Newsfile Corp. – December 2, 2024 – First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that it has signed a technology license agreement (“TLA”) with Prayon SA of Engis, Belgium (“Prayon”) for the technology to produce merchant grade phosphoric acid (MGA) from igneous apatite phosphate rock as well as high-purity gypsum.

Prayon will grant First Phosphate a license to use its technology to design, build, operate and maintain, within Canada, a Merchant Grade phosphoric acid (MGA) manufacturing plant with a production capacity of six hundred (600) metric tons of product per day of P₂O₅ (phosphate).

Further, First Phosphate has also selected Ballestra S.pA. of Milan, Italy (“Ballestra”) from a group of official permanent licensees of Prayon to fulfill the service agreement (“SA”) for the engineering services portion (FEED and EPC/EPCM) for the project.

Lastly, First Phosphate’s relationship with Norfalco, a division of Glencore Canada, (“Norfalco-Glencore”) dated July 2023, remains in place for secure supply of sulfuric acid for this future phosphoric acid facility.

“With these technology, engineering and sulfuric acid supply agreements in place, First Phosphate will have the ability to implement a process to convert approximately 500,000 tonnes per annum of igneous apatite originating from its future mining operations into upwards of 190,000 annual tonnes of value-added phosphoric acid,” says Company CEO, John Passalacqua.

“Through the sale of this license, Prayon gives First Phosphate access to a world-renowned technology and highlights its commitment to transforming a critical, strategic material into high-value-added products, while recycling by-products in a well-established circular economy,” says Benoît Van Massenhove of Prayon SA.

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, at full ESG standard and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate is owner and developer of the Bégin-Lamarche property in Saguenay-Lac-St-Jean, Quebec, Canada that consists of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

About Prayon SA

Headquartered in Belgium, Prayon is a world-leading phosphate research, development and production company. Prayon has 1,400 employees and over 140 years of business experience. The Prayon Group has production sites in Belgium, France, Switzerland and the United States, research and development sites in Belgium and a testing and validation facility in Bulgaria (Technophos). OCP and Wallonie Entreprendre (WE) are Prayon’s two shareholders. OCP is the Moroccan state-owned phosphate rock miner, phosphoric acid manufacturer and fertilizer producer. OCP operations span five continents throughout the value chain, from mining and manufacturing to education and community development. WE is a public sector private-equity group that aims to accelerate the growth and transformation of Walloon businesses for the benefit of economic development and employment in Wallonia, Belgium.

About Ballestra Group

Ballestra S.p.A. is an international technology-oriented contractor based in Milano (Italy), with subsidiaries in Pratteln (Switzerland), and Bangalore (India) and over 450 employees worldwide. Ballestra is a permanent licensee of Prayon Technologies handling all process configurations and having delivered 13 projects to date successfully. Since 1960, Ballestra has performed hundreds of process plant EP or EPC projects and has access to a worldwide network of construction partners that allows a high level of construction servicing in any country.

For additional information, please contact:

Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains, and the design, build, operation and maintenance, within Canada, of a phosphoric acid manufacturing plant with a production capacity of six hundred metric tons of product per day of P2O5.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; key personnel continuing their employment with the Company; having sufficient working capital and ability to secure additional funding necessary to design, build, operate and maintain a phosphoric acid manufacturing plant, and receipt and timing of all permits and third-party approvals.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Management Discussion and Analysis dated October 23, 2024 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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

About First Phosphate Corp.