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Ciarra ONE: The World’s Thinnest Downdraft Cooktop with the First Built-In Plasma⁺ System for Superior Odor Elimination

BOSTON, Feb. 20, 2025 /PRNewswire/ — Ciarra, a global innovator in premium kitchen appliances, proudly announces the upcoming launch of the Ciarra ONE, the world’s thinnest downdraft cooktop featuring the pioneering Plasma⁺ System. This revolutionary product will debut on Indiegogo on March 10, 2025, offering backers the exclusive opportunity to be among the first to experience the next generation of kitchen technology.

Ciarra ONE is launching soon on INDIEGOGO
Ciarra ONE is launching soon on INDIEGOGO

Ciarra ONE is the world’s thinnest downdraft cooktop at just 7.1 inches thick—about as slim as a standard kitchen drawer. It is designed to seamlessly integrate into any kitchen without compromising on space or function. As the world’s first downdraft cooktop equipped with a built-in Plasma⁺ System, it eliminates an average of 99.91% of airborne pollutants, transforming cooking odors and harmful molecules into clean air for a hygienic and pleasant cooking environment. The TRIPLE Odor Control System enhances this cutting-edge solution. The dishwasher-safe mesh filter simplifies maintenance, while the self-cleaning zeolite molecular sieve traps and recycles odors, and the durable carbon molecular sieve lasts up to 5 years, cutting down your filter costs up to 30 times.

“The launch of Ciarra ONE represents a significant milestone for us,” said Allen Hollingshead, Project Manager of Ciarra. “This product is a testament to our team’s dedication, combining efficiency, hygiene, and style to deliver an innovative solution for consumers who demand the best.”

Ciarra ONE is designed with versatility and energy efficiency at its core. The induction cooktop features FlexZone Function, enabling users to freely access four cooking zones with nine power levels and a Boost function for precise heat control. Induction cooking is known for its superior energy efficiency compared to electric and gas alternatives, it delivers powerful cooking results while consuming minimal energy. Additionally, the quiet DC motor operates at just 62dB while delivering a robust 600 CFM airflow, ensuring a tranquil cooking environment.

In tandem with the product launch of the Ciarra ONE and Professional Series, Ciarra has revamped the U.S. website in 2024, designed to enhance the user experience and cater to the needs of American consumers with a sleek, intuitive design.

Ciarra will also firstly debut the Ciarra ONE at the 2025 Kitchen and Bath Industry Show (KBIS) in Las Vegas, held from February 25-27, 2025. Attendees are invited to visit booth W1476 in the West Hall for live demonstrations of all advanced features. “KBIS 2025 is the perfect platform to showcase the Ciarra ONE,” said Allen Hollingshead. “We look forward to engaging with industry professionals and kitchen enthusiasts.”

Ciarra is dedicated to creating high-quality, innovative kitchen solutions that blend advanced technology with contemporary design. As the brand expands its reach and elevates the consumer kitchen experience, the launch of the Ciarra ONE signals the beginning of a new era in kitchen appliances.

About Ciarra Appliances:

Ciarra Appliance is a leading provider of innovative kitchen appliances designed to simplify and enhance the cooking experience. With a commitment to quality, performance, and customer satisfaction, Ciarra Appliances offers a diverse range of countertops and major appliances and aims to inspire culinary creativity and make life easier. For more information, visit: https://us.ciarraappliances.com/pages/ciarra-one-crowdfunding

Follow Ciarra on Social Media:
https://www.facebook.com/share/g/12GvspMwLQk/?mibextid=wwXIfr

Press Release Contact:
Ciarra
cs-us@ciarraappliances.com

Coway Expands Cylindrical Air Purifier line with new Airmega 350 & Airmega 450, Featuring Breakthrough HyperVortex™ Filtration System

Advanced filtration, Sleek design, and customizable filters for personalized air care

LOS ANGELES, Feb. 20, 2025 /PRNewswire/ — Today, Coway, a leading wellness tech company, announced the launch of Airmega 350 and Airmega 450, the two newest cylindrical air purifiers to its award-winning lineup. Designed with a sleek, minimalist aesthetic, these new models effortlessly blend into any home environment while delivering powerful, personalized air purification.

 

Backed by over three decades of research and the expertise of more than 400 researchers at Coway’s R&D Center in Korea, the Airmega 350 and 450 introduce the revolutionary HyperVortex™ filtration system. This advanced system optimizes airflow, enhances filtration efficiency, minimizes airflow loss, and reduces noise levels, delivering cleaner air. Both models capture 99.999% of nano-sized particles down to 0.01 microns, effectively removing allergens, bacteria, mold, and viruses.

Coway’s new 3-in-1 customizable filter system allows users to tailor their air purification experience to their specific needs: Fresh Starter+ (captures harmful gases and unwanted odors, including food smells and VOCs), Allergen+ (targets common allergens like pollen, dust mites, fungi, and pet dander) and Intense Smoke+ (effectively removes smoke from wildfires, vehicle exhaust, and industrial fumes). These filters, combined with an activated carbon filter and Green True HEPATM filter, require replacement just once a year, ensuring hassle-free maintenance.

The Airmega 350 delivers a complete air change every hour in spaces up to 2640 square feet, about the size of a single family home or large office, while the Airmega 450 covers up to 3285 square feet, comparable to a spacious furniture showroom or large family home. Both are engineered for efficient air purification, swiftly improving air quality in large rooms, open-concept living spaces, and offices, while working even faster in smaller areas.

The Airmega 350 and 450’s array of scientifically-backed features include:

  • HyperVortexTM filtration system: Optimizes airflow while minimizing airflow loss, enhances air purification, and reduces noise levels:
    • Eagle Vane Design: Aerodynamic blades inspired by eagle wings create controlled vortices for consistent airflow and optimized performance. Small, rounded protrusions at the base of the fan blades maintain consistent air flow and performance.
    • Vortex Generator Fan: Precision-engineered blades maximize airflow, enhancing circulation, and delivering powerful volume.
    • Dimple Duct Technology: Duct holes resembling golf ball dimples reduce air resistance, allowing smoother air intake while minimizing air loss.
  • Real-Time Air Quality Indicator (AQI): The control panel’s translucent grill changes color to provide updates on the space’s air quality: Good (Blue), Moderate (Green), Unhealthy (Yellow), Very Unhealthy (Red), keeping users informed at a glance.

The Airmega 350 and 450 are available in beige and white, designed to complement any decor. Key convenience features include:

  • User-Friendly Filter Replacement: Easily swap filters through the discreet handle in the side panel without flipping the unit.
  • Built-In Wheels (Airmega 450): Effortlessly move the purifier wherever you need it most.
  • Modern and Intuitive Touchscreen Panel: Displays real-time AQI and provides intuitive control.
  • Dust-Resistant Grill: Prevents dust buildup on the intake grill, keeping the grill clean and efficient.
  • Auto Mode: Detects air quality and adjusts purification levels accordingly, responding to particles as small as PM10. The Airmega 450 also detects finer particles, including PM1 and PM2.5.
  • Light Sensor & Sleep Mode: Detects ambient light levels and, when set to Auto Mode, enters Sleep Mode after three minutes of darkness. In Sleep Mode, purifiers operate quietly for an undisturbed, restful environment.
  • Night Light, Control Panel Lock & Mute Mode: Enhances convenience and safety for families.

The Airmega 350 ($339) and Airmega 450 ($499) are available for purchase at cowaymega.com or Amazon.

About Coway

Coway (S.Korea: KRX 021240) is the leading wellness tech company behind award-winning product lines including Airmega air purifiers, Bidetmega for bathrooms, and Aquamega water purifiers. Coway was founded in Korea in 1989 and has maintained an obsession with home health for over three decades. The company has grown into a global leader in intensive research, engineering, and innovation, amassing more than 6,800 intellectual property rights for its proprietary technology.

The Coway R&D Center, the company’s environmental technology research institute, is Asia’s largest lab dedicated to air, water, and sleep technologies. A team of over 400 researchers collaborate there to design, develop, and test cutting-edge products that help people live healthier. Coway’s U.S. headquarters is located in Los Angeles, California. For more information, visit https://cowaymega.com or http://newsroom.coway.com.

Ampace Obtains Amazon Climate Pledge Friendly Certification

Ampace Obtains Amazon Climate Pledge Friendly Certification, Pioneering Zero-Carbon Energy Solutions with Green Tech

LOS ANGELES, Feb. 20, 2025 /PRNewswire/ — Ampace, a leading provider of advanced lithium-ion battery solutions has announced that Ampace’s flagship portable power solution product, the Ampace Andes 1500 portable power station, has recently been certified by Amazon Climate Pledge Friendly. This milestone makes it the first zero-carbon portable power station from Ampace, offering global users a high-performance and eco-friendly energy storage option.

Ampace Obtains Amazon Climate Pledge Friendly Certification
Ampace Obtains Amazon Climate Pledge Friendly Certification

“Ampace is dedicated to providing environmentally friendly power solutions while preserving our planet. We are excited to be part of this program, which not only promotes sustainable consumption but also encourages us to develop more sustainable products. Ampace has long been devoted to this objective.” said Alfonso Chen, Director of Ampace Consumer Business.

Green Technology Core: Setting New Standards for Low-Carbon Energy Storage

The Ampace Andes 1500 portable power station is designed with the core concept of “high efficiency, intelligence, safety, and low carbon,” integrating low-carbon technology with user needs to help achieve global carbon neutrality goals by:

  • Lean Production and Intelligent Manufacturing: Efficient automated equipment and digital control ensure seamless and precise production processes. Self-generated zero-carbon electricity powers the production line, while circular packaging promotes the efficient and sustainable use of resources.
  • Ultra-Long Lifespan, Reducing Resource Consumption: Using Ampace’s cutting edge LFP battery cells, Ampace Andes 1500 has a cycle life of up to 6,000 times, 50% longer than traditional batteries. This significantly reduces resource waste and electronic waste caused by frequent replacements, aligning with the circular economy concept.
  • High Efficiency and Energy Saving, Reducing Carbon: Equipped with third-generation semiconductor SiC technology, the energy conversion efficiency exceeds 95%, minimizing energy losses during charging and discharging. Combined with A-Turbo technology, it supports up to 3,600W high-power output, enabling the operation of 99% home appliances and multiple high-power devices. This replaces traditional fuel generators with higher energy efficiency, significantly reducing carbon emissions in usage scenarios.
  • Intelligent Management, Optimizing Energy Use: Operating at a low noise level of 30dB in sleep mode, Ampace Andes 1500 can be remotely controlled via a smart APP, allowing users to adjust charging and discharging strategies in real-time to avoid energy waste. The EPS mode switches in 0.02 seconds, ensuring seamless emergency power supply and reducing energy waste caused by power interruptions.
  • Stringent Safety, Safeguarding a Sustainable Future: Ampace Andes 1500 has passed 2,882 extreme tests (far exceeding industry standards), including discharge at -4 °F (-20°C), high humidity, short circuits, and other abuse scenarios. This ensures stability and reliability throughout its lifecycle, extending its service life and obtaining multiple international certifications such as UL and CE.

Ampace’s Comprehensive Efforts in Environmental and Sustainable Development

Ampace is dedicated to minimizing its environmental impact and driving sustainability. The company focuses on creating a green, low-carbon energy system through continuous efforts to reduce the environmental footprint of its business activities. Ampace operates with integrity and trust, adhering to business ethics and protecting proprietary information and intellectual rights. It is committed to building a sustainable supply chain and being a responsible citizen in society. Additionally, Ampace emphasizes technological innovation, aiming to exceed customer expectations with high-quality products and contribute to social progress. Through these efforts, Ampace is actively contributing to a more sustainable and environmentally friendly future.

In terms of specific initiatives, Ampace has established a comprehensive ESG framework that spans the entire supply chain. The “Triple-Ring Governance” model, which includes Environmental Compliance (ISO 14001), Social Responsibility (ISO 45001), and Governance (ISO 27001 & 100% Integrity Agreement Rate), is leading its supply chain towards a green and fair transition. Under this framework, Ampace has achieved significant milestones such as earning the 2024 EcoVadis Bronze Medal and establishing a low-carbon park with 26.29MWp rooftop solar generation for self-consumption. These efforts highlight Ampace’s commitment to environmental sustainability and its role as a leader in the industry.

Amazon Climate Pledge Friendly

This certification streamlines the shopping experience for consumers seeking eco-friendly products, promoting sustainable purchasing habits. Certified products are identifiable by the green “Climate Pledge Friendly” label on Amazon, signifying their endorsement by a credible third-party for environmental sustainability. Enhanced with 10%-30% additional free traffic support, these products gain more prominence in searches and product pages. This initiative not only facilitates consumer choices aligning with sustainability but also bolsters our collective efforts towards environmental conservation.

About Ampace & Ampace Andes

Ampace is a trusted global leader in energy storage area, providing cutting-edge solutions for industrial, commercial, and residential markets.

With significant global residential energy storage market share and proven expertise in commercial and industrial applications, Ampace has earned a reputation for innovation, reliability, and high performance.

Now, Ampace Andes brings this trusted energy technology to the portable power market, specifically designed to withstand harsh environments.

Whether you’re exploring the outdoors, facing home emergencies, or tackling demanding industrial tasks, Ampace Andes delivers the reliable power you need.

When the stakes are high, Ampace Andes is here to back you up. Ampace Andes: Powering the Extremes.

Media Contact
Xiaoning Chen
chenxn@ampacetech.com 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 20TH + WALMART REPORTS EARNINGS

NEW YORK, Feb. 20, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 20TH + WALMART REPORTS EARNINGS

Kristen Scholer delivers the pre-market update on February 20th

  • Walmart shares near all-time highs following earnings report
  • President Trump floats idea of tariffs on auto, chips, and pharmaceuticals
  • S&P 500 rises to record despite Fed remaining cautious on interest rates

Watch NYSE TV Live every weekday 9:00-10:00am ET 

 

 

Video – https://mma.prnasia.com/media2/2624358/NYSE_Feb_20_2025_Market_Update.mp4

 

Power Digitalization: Uzbekistan’s First Digital Substation Successfully Completed

Zafarabad 220kV Digital Substation in Jizzakh Province Delivered by Shanghai Electric, Marking a Significant Milestone in Its Commitment to Enhance Power Infrastructure and Promoting Digital Transformation in the Energy Sector

ZAFARABAD, Uzbekistan, Feb. 20, 2025 /PRNewswire/ — The Zafarabad 220kV Digital Substation, Uzbekistan’s first digital substation built by Shanghai Electric (SEHK:2727, SSE:601727), has been successfully completed and commissioned. Located in Jizzakh Province, the state-of-the-art substation covers approximately 75,000 square meters and is expected to significantly enhance the power supply in eastern Uzbekistan.

For more than two decades, Uzbekistan has struggled with ongoing shortages of natural gas and electricity, forcing a significant portion of its population to depend on traditional stoves and improvised heating methods to endure the severe winter months. Upon completion, the Zafarabad Digital Substation will play a key role in strengthening the region’s electrical grid and improving energy distribution in Uzbekistan. With a capacity of 400 megawatts, the new facility will effectively double the power supply to the Jizzakh region, ensuring the stability of electricity delivery to nearby industrial enterprises and residential areas.

Advanced Technology for Optimal Performance

The substation features two 250 MVA auto-transformers, developed and manufactured by Shanghai Electric, which will step down the voltage from the 220kV level of the higher power grid to 110kV for local distribution. This will provide reliable, high-quality electricity to the Jizzakh province, meeting the growing demand for power in this rapidly developing region.

A key innovation in the Zafarabad project is the implementation of a fully digitalized system, which will greatly enhance the efficiency and safety of substation operations. The substation is equipped with advanced monitoring and data acquisition systems that reduce the need for on-site maintenance personnel and improve operational safety. In the event of an emergency, the system’s real-time monitoring capabilities can quickly locate faults and adjust the power load to prevent disruptions.

A Testament to Shanghai Electric’s Capabilities

Shanghai Electric was granted the turnkey project by the National Electric Grid of Uzbekistan in October 2021. As Uzbekistan’s first digital substation, the Shanghai Electric project team overcame numerous challenges, including collaboration across multiple parties, language barriers, and technical debugging. The team not only optimized project configurations but also provided thorough training. During construction, they coordinated efforts between Chinese and Uzbek teams, ensuring the timely completion of the project’s main infrastructure while achieving a remarkable three years of accident-free operations.

For more information, please visit: www.shanghai-electric.com

Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh Discovery

Vancouver, British Columbia – Newsfile Corp. – February 20, 2025 – Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) (“Founders” or the “Company”) announces the first assay results of its 2025 drilling campaign and a new drill-confirmed high-grade gold discovery at its Antino Gold Project (“Antino” or “Project”) in southeastern Suriname (Figure 1). The Company reports 28.5 metres (m) of 7.12 grams per tonne (g/t) gold (Au) from 18.6 m in the first drill hole at Van Gogh, 3.8 km east of the Da Vinci prospect. The drilling follows up on high-grade channel sampling results reported on January 21st (news release).

Highlights

  • Drilling confirms Van Gogh discovery with 28.5 m of 7.12 g/t Au from 18.6 m in first drill hole
    • 3.8 km step-out from nearest drill hole on property
  • Early drilling suggests potential for multiple parallel zones
  • Pending drillholes with similar quartz-sulphide mineralization suggest continuity of mineralized body over >150 m
  • New discoveries at Van Gogh and Da Vinci further support Founders’ exploration strategy
  • Strong discovery potential for the additional 9 high-priority targets at Antino

“The discovery of high-grade gold at Van Gogh is a major milestone for Founders Metals and further validates our approach to exploration at Antino,” stated President and CEO, Colin Padget. “28.5 m of 7.12 g/t Au in our first drill hole at Van Gogh is an incredible start. These assay results, along with our recent Da Vinci discovery, underscore the potential for additional high-grade gold discoveries across the property. 2025 is off to a great start and we’re excited to continue unlocking the full potential of Antino.”

Geology Discussion

Van Gogh is 2.0 km from Lawa and 3.8 km from Da Vinci, and forms part of an emerging multi-kilometre northwest oriented gold trend that extends to the Maria Geralda target. This trend aligns parallel to the Main Antino Shear Zone, which spans 15+ km from Upper Antino to Da Vinci (Figure 1).

Gold mineralization at Van Gogh occurs within a ~30 m wide mylonite zone with up to 5 m intervals of strongly silicified country rock and quartz. The gold-rich intervals locally contain up to 15% sulphide (pyrite) and the highest-grade intervals are often associated with brecciation. Moderate to strong sericite-chlorite-ankerite alteration occurs throughout the mineralized interval and up to several metres into the surrounding country rock.

About Founders Metals Inc.

Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. Antino is 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date1. The Company is fully financed for up to 60,000 metres of drilling in 2025.

1 2022 Technical Report – Antino Project; Suriname, South America. K. Raffle, BSc, P. Geo & Rock Lefrançois, BSc, P.Geo.

Table 1: Drill Hole Assay Results

Hole ID From (m) To (m) Sample Width Au (g/t)
25VG001 18.60 47.10 28.50 7.12

Table 2: Detailed Drill Hole Assay Results

Hole ID From (m) To (m) Sample Width Au (g/t)
25VG001 18.60 20.10 1.50 0.69
25VG001 20.10 21.60 1.50 1.79
25VG001 21.60 23.10 1.50 2.51
25VG001 23.10 27.60 4.50 0.32
25VG001 27.60 29.10 1.50 2.79
25VG001 29.10 30.60 1.50 0.40
25VG001 30.60 32.10 1.50 0.46
25VG001 32.10 33.60 1.50 3.96
25VG001 33.60 35.10 1.50 2.81
25VG001 35.10 36.60 1.50 7.22
25VG001 36.60 38.10 1.50 7.26
25VG001 38.10 39.60 1.50 4.00
25VG001 39.60 41.10 1.50 17.85
25VG001 41.10 42.60 1.50 31.30
25VG001 42.60 44.10 1.50 21.69
25VG001 44.10 45.60 1.50 17.65
25VG001 45.60 47.10 1.50 11.97

Table 3: Drill Hole Location

Hole ID Easting* (m) Northing* (m) Elevation (m) Azimuth (°) Dip (°) Depth (m)
25VG001 828028.0 395905.0 124.4 79.9 -49.7 341.0

Figure 1: Property Scale Map with Auger Samples and Van Gogh Drilling Results

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7574/241626_7ca629e8d46c3b97_001full.jpg

Quality Assurance and Control

Samples were analyzed at FILAB Suriname, a Bureau Veritas Certified Laboratory in Paramaribo, Suriname (a commercial certified laboratory under ISO 9001:2015). Samples are crushed to 75% passing 2.35 mm screen, riffle split (700 g) and pulverized to 85% passing 88 µm. Samples were analyzed using a 50 g fire assay (50 g aliquot) with an Atomic Absorption (AA) finish. For samples that return assay values over 5.0 grams per tonne (g/t), another cut was taken from the original pulp and fire assayed with a gravimetric finish. Founders Metals inserts blanks and certified reference standards in the sample sequence for quality control. External QA-QC checks are performed at ALS Global Laboratories (Geochemistry Division) in Lima, Peru (an ISO/IEC 17025:2017 accredited facility). A secure chain of custody is maintained in transporting and storing of all samples. Drill intervals with visible gold are assayed using metallic screening. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

Qualified Persons

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., P.Geo., a qualified person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Per:Colin Padget

Colin Padget
President, Chief Executive Officer, and Director

Contact Information

Katie MacKenzie, Vice President, Corporate Development
Tel: 306 537 8903 | katiem@fdrmetals.com

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the use of proceeds from the Company’s recently completed financings and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect “, “is expected “, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

All material information on Founders Metals can be found at www.sedarplus.ca.

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

SunCar Secures $1.93M Contract with China Construction Bank Hunan, Expanding National Banking Partnerships

NEW YORK, Feb. 20, 2025 /PRNewswire/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced it has secured an RMB 14 million (US$1.93 million) contract to operate China Construction Bank’s (CCB) car wash program in Hunan province. The two-year agreement runs through December 2026 and builds on SunCar’s existing CCB partnerships in Fujian and Yunnan provinces.

Under the contract, SunCar will provide exclusive car wash services to CCB Hunan’s Long Card members through its network of service locations. The program furthers SunCar’s successful implementation in Yunnan province, where the Company has integrated its digital platform with CCB’s banking services to streamline the customer experience.

This latest win advances SunCar’s transformation from a traditional benefits provider to what it terms an “automotive ecosystem operator” – combining banking services, digital payments, and physical car care locations into a unified platform.

“The Hunan contract demonstrates our ability to scale our banking partnerships nationwide,” said Ye Zaichang, CEO of SunCar Technology. “By connecting CCB’s massive customer base with our service network, we’re creating a new standard for integrated services.”

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com.

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com

U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

Geotab, Samsara, and PowerFleet Take the Top Spots in ABI Research’s Commercial Telematics Competitive Ranking

NEW YORK, Feb. 20, 2025 /PRNewswire/ — Commercial telematics not only enables a range of vehicle efficiency and safety use cases but also acts as a foundation to adopt broader solutions for a diverse range of fleets of different sizes. The new Competitive Assessment by global technology intelligence firm ABI Research provides an in-depth and unbiased examination of the top ten leading commercial telematics solution providers for fleets, which includes hardware solutions, software solutions, customer base, and services provided in-house or through partnerships.

Market leaders: Geotab, Samsara, PowerFleet, Verizon Connect
Mainstream:  Platform Science, Motive, Zonar, Solera
Followers: Gurtam, Ford Pro

“The analysis focused on eleven criteria segmented across innovation and implementation. The innovation criteria evaluated the solution providers based on commercial telematics solutions offered: solution options, open platforms, use cases, quality of reporting and analytics, and user experience. The set of criteria under implementation focused on market share, geographical and vertical spread, solution accessibility, go-to-market strategy, integration with existing systems, and time to value,” explains Adhish Luitel, Principal Analyst at ABI Research.

Geotab took the overall lead, benefiting from the Geotab GO devices, asset trackers, and OEM integrations it provides for its growing base of over 4.6 million connected vehicles. Geotab goes beyond traditional fleet telematics and asset tracking offerings with Geotab Marketplace, which has over 430 fleet-focused solutions that come from its network of nearly 350 partners. Samsara placed second due to its highly scalable and powerful Connected Operations Cloud platform and connected workflow capability. In addition, PowerFleet placed third thanks to its comprehensive hardware offerings and the market traction it has been getting since the MiX Telematics merger and Fleet Complete acquisition.

PowerFleet, Verizon Connect, and Motive received high scores on innovation rankings. PowerFleet led the innovation rankings thanks to its extensive Unity platform and the breadth of its cutting-edge hardware solutions, which have helped position it as a leading Artificial IoT (AIoT) player. Motive also ranked high in innovation criteria due to its emphasis on Physical AI and its Integrated Operations Platform, which provides actionable insights through sensors, computer vision, and other data-gathering tools.

Addressing maintenance overheads, fuel and driver management, electrification considerations, and route optimization as the primary pain points for end users highlight the importance of swiftly implementing solutions that deliver immediate value, a crucial factor in vendor ranking. “Verizon Connect is a great example of a vendor successfully deploying its solutions to address key pain points. Its robust go-to-market strategies and continued evolution of its various products and services have helped streamline adoption among end users. In addition, its EV suitability tool, Reveal EV is equipping fleets to make data-driven fleet electrification considerations,” Luitel concludes.

These findings are from ABI Research’s Commercial Telematics Vendors Competitive Ranking. This report is part of the company’s Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Competitive Ranking reports offer comprehensive analysis of implementation and innovation strategies to offer unparalleled insight into a company’s performance and standing compared to its competitors.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info

Global                                                             
Deborah Petrara                              
Tel: +1.516.624.2558         
pr@abiresearch.com