37 C
Vientiane
Saturday, April 26, 2025
spot_img
Home Blog Page 497

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 19TH + NIKE ANNOUNCES COLLABORATION WITH SKIMS

NEW YORK, Feb. 19, 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 19TH + NIKE ANNOUNCES COLLABORATION WITH SKIMS

Trinity Chavez delivers the pre-market update on February 19th

  • Nike (NYSE: NKE) and Skims introduce new brand for women: NikeSKIMS
  • Investors anticipate speech from Fed Vice Chair Philip Jefferson
  • Key housing data to publish, including housing starts and building permits

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

 

Ace Green Recycling Secures Key Lead and Lithium Licensing Agreements in Armenia

Deals support Ace’s broader strategy to generate revenues in a capital efficient manner

Deployment in Armenia serves as springboard for Ace’s recycling solutions to expand in the Southern Caucasus and as a gateway to additional expansion in Europe

HOUSTON, Feb. 19, 2025 /PRNewswire/ — Ace Green Recycling, Inc. (“Ace” or the “Company”), a leading provider of sustainable battery recycling technology solutions, today announced the Company has signed two key agreements to license its technology and battery recycling equipment to Mel Metal LLC (“Mel Metal”), a leading Armenian non-ferrous scrap recycling company. As part of these deals, Ace expects to license its proprietary GREENLEAD® Recovery Technology and sell and license its lithium battery equipment services to Mel Metal in Armenia and Georgia.

Armenia is a strategic location for Ace as it sits at the heart of the Southern Caucasus and Ace believes it can provide a springboard for the Company to deploy its sustainable battery recycling solutions into neighboring Georgia. In addition, Armenia serves as a gateway to critical European markets. Through this collaboration, Ace plans to establish the foundation of environmentally friendly lead and lithium battery recycling, with strong commercial partnerships, to support the growth of the region’s lead and lithium battery value chain.

As part of the lead battery recycling aspect of the deal, Ace will license its technology for the sustainable, hydrometallurgical recycling of lead batteries over a 15-year period. Mel Metal will purchase lead battery recycling machinery from Ace that will allow it to process up to 6,000 metric tons of lead batteries per year with the option to acquire more recycling capacity. In addition, Ace will generate revenue by selling and supplying proprietary chemicals and enabling the use of Ace’s GREENLEAD® trademark. Mel Metal’s lead recycling operations using Ace’s technology are expected to start in the third quarter of 2025.

In addition to the lead agreement, Ace will sell and license its lithium battery breaking and shredding equipment and battery discharging system to support Mel Metal’s lithium battery recycling operations. Mel Metal’s lithium battery recycling operations using Ace’s equipment and system are also expected to start in the third quarter of 2025.

“Ace is an innovative and global technology leader in the battery recycling space, and we look forward to partnering with them to support a more circular battery material ecosystem in the Southern Caucasus,” said Mr. Armen Hayrapetyan, Chairman of the Edmet group of companies, which is the parent company of Mel Metal. “Unlike traditional smelting processes, Ace’s hydrometallurgical battery recycling processes emit zero Scope I carbon emissions. By leveraging Ace’s technology, equipment, and know-how, Mel Metal is actively supporting a green transition by reducing CO2 emissions and developing a clean source of valuable materials for reuse in new batteries. Furthermore, Ace’s process also allows for the recovery of plastics and reduces the generation of slag materials into landfills.”

“We are proud to partner with Mel Metal, a first mover in green recycling in Armenia, as together we are playing a crucial role in developing a sustainable, domestic battery recycling ecosystem in Armenia and the broader Southern Caucasus region,” said Nishchay Chadha, CEO and Co-Founder of Ace. “Without Ace’s technology and equipment in Armenia, scrap battery material would likely be exported or undergo a pollutive pyrometallurgical material recovery process. Securing both these lead and lithium agreements supports Ace’s broader strategy to generate revenues in a capital efficient manner while we deploy our modular and sustainable recycling solutions globally.”

About Ace Green Recycling

Ace Green Recycling, Inc., incorporated in Delaware, is an innovative battery recycling technology platform offering sustainable end-of-life solutions. It has deployed modular, Scope 1 carbon emissions-free recycling facilities for lithium (nickel-manganese-cobalt & lithium iron phosphate) and lead batteries used in various industries including electronics, automotive and energy storage. Ace was founded by Nishchay Chadha, Chief Executive Officer and a veteran in recycling, mining and global supply chain industries, and Dr. Vipin Tyagi, Chief Technology Officer, with extensive experience in battery materials recycling technologies. For more information, please visit www.acegreenrecycling.com.

Contacts:

Media
Media@acegreenrecycling.com

Investors
Investors@acegreenrecycling.com

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements generally can be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. Such statements include statements regarding the intent, belief or current expectations of Ace and members of its management as well as the assumptions on which such statements are based. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties that could cause actual events or results to vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this press release are made as of this date, and Ace undertakes no duty to update such information except as required under applicable law.

Acadian Plant Health™ sets new standard for crop resilience with Abiotic Stress Management portfolio

DARTMOUTH, NS, Feb. 19, 2025 /PRNewswire/ — Acadian Plant Health unveils its Abiotic Stress Management (ASM) portfolio, an exciting advancement propelling the industry beyond currently available biostimulants. Proven to reliably enhance plant growth and stress tolerance, the ASM portfolio helps crops combat abiotic stress, the leading cause of yield loss.

The US Department of Agriculture estimates that 90% of crop losses are related to extreme weather,1 lowering annual farmer income by a staggering $170 billion2. As farmers confront severe weather, flooding and drought, the ASM portfolio of biostimulant technologies is a powerful solution to help manage escalating risk and ensure crops thrive.

“Abiotic stress has often been underestimated in its impact, but our Abiotic Stress Management portfolio is changing that,” says Nelson Gibson, President, Acadian Plant Health. “With its unmatched reliability and efficacy, this portfolio sets a new benchmark in biostimulants.”

ASM combines the most effective biological compounds that feature actives specifically formulated to target and counter key crop stressors. Created by a team of biological crop input experts, this technology seamlessly integrates into a farmer’s toolbox for optimal efficiency. ASM has undergone rigorous field trials to ensure consistent performance.

“The future of farming depends on how effectively we can equip farmers to manage abiotic stress,” Gibson said. “This will strengthen the resilience of our food system. It empowers farmers to achieve greater economic well-being now and in the years to come.”

With the introduction of ASM, Acadian Plant Health demonstrates its commitment to advancing climate-smart, resilient, and regenerative agriculture through science-backed biostimulant crop inputs.

Visit https://acadianplanthealth.com to learn more.

About Acadian Plant Health

Acadian Plant Health™ is a global leader in biostimulants, dedicated to providing sustainable, science-based biological solutions for both specialty and broad-acre crops. With a strong commitment to innovation, Acadian develops patented products designed to support regenerative and climate-smart agriculture.

At the heart of our solutions is world-class crop science research engineered to drive performance and sustainability across agricultural systems. Acadian Plant Health delivers key innovations that meet the evolving needs of farmers worldwide, ensuring a more resilient and productive future for agriculture.

Works cited:
1.Williams, T., Schmitz, H., and Shulski, M. (2022). Resilient Agriculture: Weather Ready Farms 1st ed., 1st rev.). Kansas City: Extension Foundation. ISBN: 978-1-7340417-4-3.
2. Beeckman, T., & Eshel, A. (2024). Plant roots the hidden half (5th ed., Vol. 4). Taylor & Francis Group.

Media Contact: Shannon Wentz, Global Director, Communications, Acadian Plant Health, T: (1) 403-973-2716, E: swentz@acadian.ca, WeSeaBeyond.com

SunCar Expands Partnership with China Pacific Insurance, Adding Two Major Provinces to Service Network

NEW YORK, Feb. 19, 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 significant new contracts with China Pacific Insurance Company’s (CPIC) Zhejiang and Jiangsu provincial branches. These agreements establish SunCar as the primary car wash and detailing service provider for CPIC’s customers in these regions.

The expansion brings SunCar’s total CPIC provincial partnerships to ten major regions, including Shanghai, Guangdong, and other economically vital areas. The Company has set a target to double its CPIC coverage to 20 provinces by year-end 2025.

With these new partnerships, SunCar is providing to CPIC customers premium services including:

  • EV charging infrastructure
  • Chauffeur and concierge services
  • Airport VIP transportation
  • Digital service vouchers

“These contracts with CPIC’s Zhejiang and Jiangsu branches demonstrate our dominance in China’s automotive services sector,” said Ye Zaichang, Chairman and CEO of SunCar. “By combining our technology platform with CPIC’s massive customer base, we’re continuing to build the most comprehensive auto service network in China.”

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

Warehouse Management System Revenues Reach US$10 Billion in 2030 as Companies Integrate Advanced Planning Capabilities

Software and private wireless networks to see rising investment to underpin advanced technology deployments

NEW YORK, Feb. 19, 2025 /PRNewswire/ — Investment in both new and existing software packages to optimize warehouse operations will expand through 2025. According to global technology intelligence firm ABI Research, Warehouse Management System (WMS) revenues will surpass US$5 billion by next year and surpass US$10 billion by 2030.

“The continued rise in investment in what is a well-established technology will largely be driven by the introduction of advanced planning and analysis capabilities, as well as the increasing numbers of connected devices and machines requiring orchestration in the warehouse. Companies will need to take their WMSs beyond simple planning tools and leverage advanced systems that better manage both manual and automated execution,” explains Ryan Wiggin, Supply Chain Management & Logistics Industry Analyst at ABI Research.

According to the latest financial reports, leading providers of supply chain software tools, including WMSs, all saw double digit revenue growth through 2024. SAP, Kinaxis, Infor, Manhattan Associates, and Blue Yonder have all reported consistent growth, with a large portion of this attributed to Software-as-a-Service (SaaS) offerings and a shift to advanced cloud-native solutions.

Ensuring data transfer and orchestrating more advanced picking processes is also leading to a rise in investment in private wireless networks within warehouses, such as private 5G. ABI Research estimates that the global market for private wireless networks in warehousing has the potential to grow to US$6 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 89.2%, with both established providers including Nokia and Ericsson, as well as emerging providers such as Firecell leading deployments.

“Advanced private wireless networks must be a foundation step for industry 4.0 investment strategies in warehousing. Lower latency, stronger connectivity, and more real-time data transfer are a necessity for advanced software solutions to work to their best ability and ensure the introduction of more automated systems is supported. Companies looking to take their warehouse picking processes to the next level must take a holistic approach and blend multiple technologies to maximize ROI,” concludes Wiggin.

These findings are from ABI Research’s Smart Warehousing market data report. This report is part of the company’s Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights.

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      

Personetics Appoints Jody Bhagat to President Global Banking, Broadening the Company’s Global Strategy

Bhagat’s new position will focus on aligning the company’s regional strategies with its global vision

NEW YORK, Feb. 19, 2025 /PRNewswire/ — Personetics, the company transforming how banks build and monetize customer relationships, announced today that Jody Bhagat has been appointed President Global Banking. Previously, Bhagat served as Personetics’ President of the Americas. In his new role, he will support the company’s growing global business and build on his success in achieving a market-leading presence in North America.

Jody Baghat Appointed to President Global Banking at Personetics
Jody Baghat Appointed to President Global Banking at Personetics

As President Global Banking, Bhagat will be involved in developing the company’s global strategy and ensure its offerings align with industry trends and the banking sector’s evolving needs. He will also foster bank C-suite relationships, supporting Personetics’ reputation as a trusted partner.

With over 25 years of experience in the banking industry, Bhagat has held leadership positions at major American banks, including U.S. Bank, Citizens Bank, and Wells Fargo, and previously served as a partner at McKinsey & Company.

“Jody has been an invaluable asset in North America, and now he will expand his influence globally,” said Udi Ziv, CEO of Personetics. “He is a thought leader in the industry who will ensure that banks receive maximum value from Personetics’ solutions.”

Jody Bhagat commented on his appointment, stating, “I am thrilled to expand my role globally, building on the team’s successes in North America. The banking industry is undergoing significant change in key global markets, and Personetics is poised to help leading banks drive deeper and more profitable customer relationships.” 

About Personetics
Personetics is the global leader in transforming how banks build and monetize customer relationships by enabling them to dynamically respond to consumers’ evolving financial needs with contextual and highly relevant insights, making them smarter about their money and eager to act. The AI-powered SaaS platform allows financial institutions to boost customer engagement and satisfaction, resulting in increased digital adoption and sales conversions. Personetics supports 150 million customers across 35 global markets and serves leading financial institutions. The company has offices in New York, London, Singapore, São Paulo, and Tel Aviv. For more information, visit https://personetics.com.

Media contact:
Ellery Smith
personetics@fullyvested.com 

Brexogen and BMI Korea Enter Strategic Technology Transfer Agreement for Exosome Therapeutics

Out-licenses BxC-I17e, Exosome-Based Therapeutics for New Indications
KRW 3 Billion Non-Refundable Upfront Payment + Milestone Payments + Double-Digit Percentage Royalties

SEOUL, South Korea, Feb. 19, 2025 /PRNewswire/ — Brexogen, a leading biotechnology company specializing in exosome-based therapeutics, has announced a technology transfer and licensing agreement with BMI Korea for BxC-I17e, an innovative exosome-based injectable therapeutic. This agreement marks the first major licensing deal for an exosome therapeutic in Korea, signifying a major milestone in the commercialization of exosome-based medicines.

Advancing Exosome Therapeutics for New Indications

BxC-I17e is a key asset in Brexogen’s pipeline and is currently undergoing clinical trials in the United States for atopic dermatitis. Recognizing its broader therapeutic potential, BMI Korea has secured rights to expand its development into potential indications excluding immunological indications, covering both domestic and key export markets.

While financial terms remain confidential, Brexogen will receive:

  • KRW 3 billion (approximately USD 2.3 million) as a non-refundable upfront payment
  • Milestone payments linked to clinical, regulatory, and commercial progress
  • Double-digit percentage royalties on annual net sales
    Additionally, Brexogen will share in future licensing revenues should BMI Korea pursue further out-licensing agreements with third parties.

Strategic Collaboration to Accelerate Market Entry

BMI Korea, a pharmaceutical company with annual revenues exceeding KRW 100 billion (USD 77 million), specializes in prescription drugs, biologics, medical devices, and aesthetic products. The company operates large-scale contract manufacturing (CMO) facilities in Jeju and Osong, Chungbuk, with extensive expertise in regulatory approvals, production, and commercialization.

Under this partnership, BxC-I17e will be manufactured at BMI Korea’s cutting-edge facilities, ensuring scalability for both clinical and commercial supply.

“Partnering with BMI Korea is a significant step forward for Brexogen,” said a Brexogen representative. “Their robust pharmaceutical manufacturing expertise provides a strong foundation for the commercialization of BxC-I17e, allowing us to accelerate market entry while ensuring high-quality production.”

A BMI Korea spokesperson added:
“This agreement positions BMI Korea as a leader in exosome-based therapeutics. By securing one of the most advanced pipelines in the industry, we are poised to achieve Korea’s first regulatory approval for an exosome therapy and expand our biopharmaceutical portfolio.”

A Breakthrough for the Exosome Therapeutics Industry

To date, globally, there is no approved exosome-based therapeutics for commercial use. This partnership is expected to drive innovation in exosome drug development and set new industry standards.

Founded in 2019, Brexogen is a biotechnology company pioneering Natural Biomacromolecule Cargo-Controlled Exosome Technology for therapeutics, medical devices, and aesthetic applications. The company’s flagship program, BRE-AD01 for atopic dermatitis, is currently in Phase 1 clinical trials in the U.S..

Brexogen has also successfully commercialized BREXTEM-S (for skin rejuvenation) and BREXTEM-H (for hair restoration), offering exosome-based solutions for clinical and hospital use. Looking ahead, Brexogen is actively preparing for its KOSDAQ listing in 2026, with Korea Investment & Securities serving as the lead underwriter.

This agreement between Brexogen and BMI Korea is expected to accelerate the clinical and commercial adoption of exosome-based therapeutics, paving the way for groundbreaking advancements in regenerative medicine.

About Brexogen

Brexogen is a biotechnology company specializing in exosome-based therapeutics for a range of medical and aesthetic applications. Utilizing its proprietary Natural Biomacromolecule Cargo-Controlled Exosome Platform, the company is focused on developing next-generation exosome therapies and is actively advancing clinical research to establish exosomes as a new standard in regenerative medicine.

About BMI Korea

BMI Korea is a leading pharmaceutical manufacturing and sales company, with expertise in contract manufacturing, regulatory approvals, and global distribution. The company operates large-scale biopharmaceutical and medical device production facilities and is committed to advancing innovative therapies for unmet medical needs.

Golden Heaven Group Holdings Ltd. Launches Wedding Photography and Light Show Projects

NANPING, China, Feb. 19, 2025 /PRNewswire/ — Golden Heaven Group Holdings Ltd. (“Golden Heaven” or the “Company”) (Nasdaq: GDHG), an amusement park operator in China, today announced that Nanping Golden Heaven Amusement Park Management Co., Ltd. (“Nanping Golden Heaven“), a subsidiary of the Company, has entered into a cooperation agreement (the “Cooperation Agreement”) with Nanping Dacheng Culture Communication Co., Ltd. (“Dacheng Culture”) and Fuzhou Yibang Amusement Park Co., Ltd. (“Fuzhou Yibang”). This partnership aims to leverage the unique resources and expertise of all three parties to create an attraction and entertainment complex targeting young couples and romantic partners.

Pursuant to the Cooperation Agreement, the parties will jointly develop wedding photography and light show projects in Tongling city and Changde city, China (the “Projects”). Nanping Golden Heaven will coordinate and supervise the operation of the Projects and participate in sharing of project profits during the 6-month cooperation period. Dacheng Culture and Fuzhou Yibang will be responsible for professional photography and light show activities and providing relevant venues, respectively.

Mr. Jin Xu, CEO and Chairman of Golden Heaven, commented, “This collaboration introduces a new cooperation model for developing themed entertainment projects in the evolving Chinese amusement park market. Young couples and lovers are always seeking the latest fashion trends, popular technologies, and innovative experiences—factors we view as indispensable drivers of industry growth. By combining the strengths of all three parties—Golden Heaven’s extensive resource integration capabilities and operational experience, Dacheng Culture’s expertise in cultural event planning, and Fuzhou Yibang’s high-quality venue resources—we believe that the Projects will serve as a successful model for attracting young visitors and unlocking future growth and profit opportunities. We anticipate that the Projects will become sought-after destinations.”

About Golden Heaven Group Holdings Ltd.

Through its Chinese operating entities, the Company manages and operates amusement parks, water parks and complementary recreational facilities. The parks offer a broad selection of exhilarating and recreational experiences, including both thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances, and high-tech facilities. For more information, please visit the Company’s website at https://ir.jsyoule.com/.

Forward-Looking Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Golden Heaven Group Holdings Ltd.
Email: group@jsyoule.com

Ascent Investor Relations LLC
Phone: +1-646-932-7242
Email: investors@ascent-ir.com