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Galaxy Macau Receives Record-breaking Five-Star Awards Recognition from Forbes Travel Guide on 2025 List

The Luxury Integrated Resort Company Scales New Heights for the Third Consecutive Year, Celebrating the Accolade of Having the Most Forbes Travel Guide Five-Star Hotels Under One Roof


MACAU SAR – Media OutReach Newswire – 12 February 2025 – The prestigious Forbes Travel Guide today unveiled its highly anticipated 2025 Star Awards, which saw Galaxy Macau™ achieving a remarkable milestone with an incredible nine Forbes Travel Guide (FTG) Five-Star accolades. Galaxy Macau is proud to announce its unrivalled position as the integrated resort with the most Five-Star hotels under one roof of any luxury resort company worldwide for the third consecutive year. Galaxy Macau has earned the exclusive accolade as the only luxury resort with five FTG Five-Star hotel ratings in the world, cementing Galaxy Macau’s status as the leading luxury FTG Five-Star resort destination.

Galaxy Macau achieves a remarkable industry-leading milestone with nine Five-Star accolades in Forbes Travel Guide Five-Star Awards 2025.
Galaxy Macau achieves a remarkable industry-leading milestone with nine Five-Star accolades in Forbes Travel Guide Five-Star Awards 2025.
Raffles at Galaxy Macau makes its unprecedented debut in the Forbes Five-Star Award in its outstanding first year of operation.
Raffles at Galaxy Macau makes its unprecedented debut in the Forbes Five-Star Award in its outstanding first year of operation.

Forbes Travel Guide is widely recognized as the leading authority in evaluating and rating top-tier hotels, restaurants, and spas around the world, employing a professional review team that adheres to hundreds of stringent standards, and Galaxy Macau’s nine Five-Star honors this year were awarded across its glittering collection of hotels, restaurants, and spas.

Galaxy Hotel™ remains one of the world's largest Forbes Travel Guide Five-Star hotels, celebrating its award-winning recognition for the third consecutive year.
Galaxy Hotel™ remains one of the world’s largest Forbes Travel Guide Five-Star hotels, celebrating its award-winning recognition for the third consecutive year.
The Ritz-Carlton, Macau maintains its impeccable reputation for luxury service with its ninth consecutive Forbes Travel Guide Five-Star Award winning recognition.
The Ritz-Carlton, Macau maintains its impeccable reputation for luxury service with its ninth consecutive Forbes Travel Guide Five-Star Award winning recognition.

Galaxy Macau received the following 2025 Forbes Travel Guide Five-Star Awards:

  • Raffles at Galaxy Macau (Five-Star Award winner for its first year in operation)
  • Galaxy Hotel™ (Five-Star Award winner for the third consecutive year)
  • Banyan Tree Macau (Five-Star Award winner for the 12th consecutive year)
  • The Ritz-Carlton, Macau (Five-Star Award winner for the 9th consecutive year)
  • Hotel Okura Macau (Five-Star Award winner for the fourth consecutive year)
  • Banyan Tree Spa (Five-Star Award winner for the 12th consecutive year)
  • The Ritz-Carlton Spa (Five-Star Award winner for the 9th consecutive year)
  • Yamazato (Inaugural Five-Star Award winner)
  • 8½ Otto e Mezzo BOMBANA (Five-Star Award winner for the third consecutive year)

The Forbes Travel Guide team extended its warmest congratulations to the management and staff of Galaxy Macau for this standout achievement as a worldwide exemplar of luxury hospitality at its finest. “Forbes Travel Guide congratulates the leadership and staff of Galaxy Macau for once again earning their Five-Star hotel awards for 2025. The team have demonstrated a unique and unwavering commitment to elevating the guest experience with staff as passionate as they are exacting in the delivery of their service, year after year. We are proud to feature Galaxy Macau’s House of Brand hotels on our Five-Star list.” said Amanda Frasier, President, Standards & Ratings, Forbes Travel Guide.

8½ Otto e Mezzo BOMBANA is proud to announce its Forbes Travel Guide Five-Star Award win for the third consecutive year for standout Italian gastronomy.
8½ Otto e Mezzo BOMBANA is proud to announce its Forbes Travel Guide Five-Star Award win for the third consecutive year for standout Italian gastronomy.

“Galaxy Macau’s record-breaking performance in the 2025 Forbes Travel Guide Five-Star Awards is a testament to our continuous commitment to delivering an exceptional luxury service experience to our sophisticated guests, made possible by the tireless dedication and unwavering passion of our team,” said Kevin Kelley, Chief Operating Officer – Macau of Galaxy Entertainment Group. “We embrace our dedicated service philosophy of ‘World-Class Asian Heart,’ taking the expression of luxury to new heights as we create unique and unforgettable memories for our discerning guests. We are honored to be recognized by Forbes Travel Guide and look forward to continuing to raise the bar for luxury hospitality worldwide, while further reinforcing Macau’s status as a ‘World Center for Tourism and Leisure’.”

Yamazato is proud to announce its inaugural Forbes Travel Guide Five-Star Award recognition for exquisite Japanese gastronomy.
Yamazato is proud to announce its inaugural Forbes Travel Guide Five-Star Award recognition for exquisite Japanese gastronomy.

In Macau and across Greater China, Galaxy Macau is not only synonymous with luxury and comfort, but also serves as the perfect starting point for visitors seeking to explore the dazzling allure of Macau. The dedicated team infuses passion and expertise into every detail, striving to create memorable experiences for each guest. Key to its accolades in the Forbes Travel Guide, Galaxy Macau continues to evolve and expand its distinctive luxury service offering, driven by a vision to establish a world-class luxury integrated resort that resonates with visitors, and holds a special place in the heart of its discerning guests.

Banyan Tree Spa Macau is proud to have earned its outstanding Forbes Travel Guide Five-Star Award win for the 12th consecutive year.
Banyan Tree Spa Macau is proud to have earned its outstanding Forbes Travel Guide Five-Star Award win for the 12th consecutive year.

Hashtag: #GalaxyMacau

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

About Galaxy Macau Integrated Resort

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau and Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz-Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies; Galaxy Promenade is the hottest shopping destination featuring the latest in fashion and curated experiences in Macau. Spanning over 100,000-square-meter, luxury flagship stores, lifestyle boutiques and our selection of labels are among the more than 200 world-renowned brands for a world-class shopping journey; Galaxy Cinemas, immersive thrills and luxurious comfort go hand in hand at Galaxy Cinemas. All 10 theaters are equipped with the latest audio-visual technology; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavours & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events. Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff.

Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit , and .

Triller to Celebrate Bell Ringing Ceremony at NASDAQ

LOS ANGELES, Feb. 12, 2025 /PRNewswire/ — Triller is thrilled to announce its participation in a bell ringing ceremony at NASDAQ on February 18, 2025, at 9:30AM ET. This significant event marks a pivotal moment in Triller’s journey as the Company celebrate its commitment to innovation in the creator economy and its recent milestone in becoming a publicly listed company.

The Triller team, investors, and shareholders will all come together for this momentous occasion, showcasing their unified vision for the future. As Triller prepares for the app launch, the Company is excited about the transformative potential of its platform at the intersection of technology and social media.

The ceremony will take place at the NASDAQ MarketSite in Times Square, New York City, where Triller Group’s leadership team will participate in ringing the opening bell.

The bell ringing ceremony confirms Triller Group’s commitment to engaging with its investors. On the heels of its recent successful $50 million private placement, 2025 is poised to become a transformational year for the Company. Triller’s firm aim is to become a premier social media hub and the source of authentic and unique content. On its path to long-term growth and success, the Company is attracting top talent to help it realize its mission.

For more information on upcoming events and the latest news on Triller’s website.

About Triller Group Inc. 

Triller Group Inc. is a dynamic entertainment and technology powerhouse with a diverse portfolio of businesses.

Triller App is the most creator focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands.

TrillerTV is Triller Group’s premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth.

Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry.

Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group’s ecosystem, making it easier for users to access the tools they need for financial success.

Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit www.triller.corp.com and www.agba.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

Sands China Adds New Forbes Five-Star Restaurant and Retains Five-Star Ratings for Five of its Luxury Properties

Accolades recognition of integrated resort operator’s leading position in Macao, amplifying its reputation for world-class service excellence across all categories

MACAO, Feb. 12, 2025 /PRNewswire/ — Sands China Ltd. is proud to announce that The Huaiyang Garden has joined its Five-Star Forbes portfolio with an inclusion in the 2025 Forbes Travel Guide. Sands China has also retained Five-Star ratings for The Londoner® Macao‘s Londoner Court and The Londoner Hotel, The Parisian Macao‘s Paiza Lofts, The Grand Suites at Four Seasons, Four Seasons Hotel MacaoZi Yat Heen and The Spa at Four Seasons Hotel Macao. This brings the total number of Five-Star awards across all categories for Sands China to eight.

Grant Chum, President and CEO of Sands China Ltd. said, “We are incredibly honoured to receive the prestigious recognition from Forbes Travel Guide, reaffirming Sands China’s position as a leader in luxury hospitality. This year, our Michelin two-star restaurant, The Huaiyang Garden, has been awarded five stars from Forbes, alongside our five luxury hotels that have continued to achieve the five-star rating year after year. Forbes Travel Guide is considered the gold standard for the industry globally, this array of accolades is a testament to our unwavering commitment to excellence as we remain steadfast in our support to the mission of establishing Macao as a World Centre of Tourism and Leisure.”

Kris Kaminsky, Senior Vice President of Hotel Operations, Sands China Ltd. added, “In addition to being recognised for our industry-leading facilities by such an esteemed guide we see this outstanding result as an acknowledgement of the dedication of our team and the unparalleled excellence they deliver to every guest, every day. We look forward to continuing to provide our discerning guests with the highest levels of service, and delivering memorable experiences that are distinctively Sands Lifestyle.”

Culinary Art – The Huaiyang Garden

Set in a tranquil space inspired by classic Chinese gardens, the two-Michelin-starred The Huaiyang Garden is helmed by the “Godfather” of Huaiyang cuisine, celebrity master chef Zhou Xiaoyan. Considered one of the four great Chinese culinary traditions, Chef Zhou brings innovation and exquisite plating to this ancient cuisine, which is renowned for intricate knife skills, meticulous preparation techniques and refined flavours.

Extraordinary Five-Star Stays

An exclusive private sanctuary Londoner Court is a 368-suite hotel designed to represent the quintessential second home, where guests enjoy a residential London experience fit for royalty, enhanced by Londoner Court’s unique butler service.

The Londoner Hotel is an elegant all-suite hotel with approximately 600 suites that feature a modern interpretation of classic British design. Guests can also immerse themselves in a London lifestyle from breakfast to evening cocktails at the hotel’s British-style club, The Residence. The stylish hotel is also home to the sophisticated and invite-only Suites by David Beckham, the first celebrity-designed suites in Macao.

Paiza Lofts is an all-suite haven for the traveller seeking a bespoke stay. With a contemporary ambience the 208 light-filled, apartment-style suites are equipped with exemplary features and amenities; the largest suite is the palatial 4,300 square feet, three-bedroom, Versailles Suite.

Forbes Travel Guide is the only independent global rating system for luxury hotels, restaurants, and spas, judged across 900 objective criteria. A Five-Star rating is the pinnacle to which all aspire and is described by Forbes Travel Guide as, delivering an outstanding experience and consistently offering a highly customisable level of service.

The Huaiyang Garden, The Londoner Macao
The Huaiyang Garden, The Londoner Macao

 

Londoner Court – Mayfair Suite
Londoner Court – Mayfair Suite

 

The Londoner Hotel – Louis Suite
The Londoner Hotel – Louis Suite

 

The Parisian Macao’s Paiza Lofts – Versailles Suite
The Parisian Macao’s Paiza Lofts – Versailles Suite

 

 

 

 

 

Webull Connects to Kalshi to Offer Investors Innovative, Prediction Markets

Leading mobile brokerage will launch event contracts, meeting rising demand for the asset class

NEW YORK, Feb. 12, 2025 /PRNewswire/ —Webull, a leading digital investment platform, today announced that it has partnered with Kalshi, the first CFTC-regulated exchange with prediction markets. The partnership will offer users the ability to trade binary event contracts through the Webull platform.

Prediction markets are one of the fastest growing asset classes in the US today. Kalshi has recently secured its ability to launch financial brokers on the platform. To ensure investors have access to best-in-class tools, Webull has relentlessly driven innovation over recent years, continually enhancing its platform to meet shifting market demands – as seen with the increase in short-dated options volume.

This partnership will provide Webull users with a unique, CFTC-regulated product, allowing them to be more precise with risk management around intraday market movements by utilizing a cash settled short-term contract.

“We have continually focused on equipping our customers with the best products and streamlined trading tools while evolving alongside their needs. Offering prediction markets is a key step in fulfilling that commitment and expanding opportunities for our investors to access all areas of the capital markets,” said Anthony Denier, Group President and US CEO, Webull. “Kalshi is a true market disruptor, and we look forward to building upon this partnership in the coming months.”

At the onset of this partnership, Webull users will be able to access short-term cash-settled event contracts on the platform, provided by Kalshi. Over time, the companies will look to add event contracts on a range of economic events to the platform. Kalshi and Webull will partner to provide educational content that empowers retail investors to make more informed investment decisions with this new offering. Webull plans to become a clearing member of Kashi through this partnership.

“Event contracts are the next evolution of financial markets, and we are excited to partner with Webull, a leading broker in the US, to bring this next generation investment opportunity to traders,” said Tarek Mansour, co-founder and CEO of Kalshi.

The official rollout is expected in the coming weeks.

For more information on Webull and its products, visit https://www.webull.com/. For more information on Kalshi and its offerings, visit https://kalshi.com/.

About Webull US

 Webull is a leading digital investment platform built on next generation global infrastructure. Users of the Webull platform are empowered to pursue their financial goals with advanced charting tools, cutting-edge technology, and real-time market data. Through Webull’s online brokerage, self-directed investors can access low-cost trading across a wide range of assets, including securities, options, and futures, along with wealth management services. Webull Financial LLC (“Webull Financial”) is registered as a broker-dealer with the Securities and Exchange Commission (SEC) and a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC). Webull Financial is a member of the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC). Advisory accounts and services are provided by Webull Advisors LLC, an investment advisor registered with the SEC. Registration does not imply a level of skill or training.  All investing is subject to risk, including the possible loss of principal. Options involve unique risks not suitable for all investors. Please visit www.webull.com/disclosures to read the ODD. For more information about Webull, visit www.webull.com.

About Webull Corporation 

The Webull Group operates in 15 regions globally and is backed by private equity investors located in the United States, Europe and Asia. Webull serves more than 20 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, and fractional shares, through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com.

About Kalshi

Founded by Tarek Mansour and Luana Lopes Lara, Kalshi is the first CFTC regulated exchange for trading directly on the outcomes of future events. The exchange enables investors to buy yes or no positions in regards to whether or not an event will happen or not through an asset class called event contracts. Kalshi operates a native exchange as well as integrating event contracts with outside brokerages. Kalshi’s vision is to allow people to capitalize on their opinion and hedge everyday risks. The company is backed by a number of Silicon Valley and Wall Street-based investors including Sequoia Capital, Charles Schwab, Henry Kravis, Neo, Y Combinator, and SV Angel.

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + ANNOUNCEMENT OF NYSE TEXAS

NEW YORK, Feb. 12, 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 12ᵗʰ

Kristen Scholer delivers the pre-market update on February 12th

  • Markets and investors react to US CPI data
  • The New York Stock Exchange announces plans to launch NYSE Texas
  • NYSE Texas will provide companies with listing and trading venue in Dallas

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

Video – https://mma.prnasia.com/media2/2618708/NYSE_Feb_12_2025_Market_Update.mp4 

The Port of Tyne, Gorilla Technology, and British Telecom Forge a Game-Changing Alliance to Elevate Safety with AI Video Analytics


London, United Kingdom – Newsfile Corp. – February 12, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla”), British Telecom (BT), and the Port of Tyne are taking their partnership to the next level, expanding their cutting-edge AI video analytics deployment across the port. Having already transformed container tracking and damage classification, the focus now shifts to revolutionising safety in high-risk environments—reinforcing the port’s unwavering commitment to protecting its workforce while unlocking operational efficiencies.

Enhancing Safety at the Port of Tyne

The collaboration will leverage Gorilla’s advanced AI-powered video analytics platform to monitor selected hazardous areas within the port. By integrating real-time surveillance and intelligent behavior analytics, the system will detect potential safety risks, such as breaches in personal protective equipment (PPE) compliance or unsafe worker behavior near dangerous machinery and vehicles. These proactive measures aim to reduce workplace incidents and foster a safer environment for all personnel.

The deployment will also provide actionable insights into operational workflows, enabling the Port of Tyne to optimize processes and improve overall efficiency. Gorilla’s AI technology will seamlessly integrate into BT’s robust 5G private network infrastructure, ensuring reliable, high-speed data transmission for real-time monitoring and decision-making.

Driving Operational Efficiency Through Innovation

As one of the UK’s most innovative ports, the Port of Tyne is committed to adopting smart technologies that enhance safety and sustainability. This partnership aligns with its vision of becoming a leading smart port by leveraging AI-driven solutions to automate routine tasks, improve resource allocation, and generate valuable business intelligence.

Will Addison – VP Innovation, EMEA of Gorilla Technology Group, commented: “We are proud to partner again with BT and the Port of Tyne on this transformative project that underscores our commitment to revolutionizing safety in industrial environments. By deploying our bleeding-edge AI video analytics solutions, we aim to set a new standard for safety and operational excellence in ports worldwide.”

Tamsin Warren, Head of Technology and Transformation at Port of Tyne remarked: “This collaboration demonstrates how advanced connectivity and AI can transform traditional industries like maritime logistics. Together with Gorilla Technology and the Port of Tyne, we are creating a smarter, safer future for port operations.”

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.

About Port of Tyne
The Port of Tyne is one of the UK’s major deep-sea ports – delivering bespoke solutions for the green energy sector, supporting world leaders in the automotive transition, handling specialised bulk and containerised products, alongside delivery logistics, and assisting growing passenger numbers via the regionally important International Passenger Terminal.

Overall, the Port of Tyne adds £720 million to the North East economy, supporting 11,000 jobs directly and indirectly and, as one of the UK’s largest trust ports, is entirely self-financing and runs on a commercial basis, reinvesting all its profits back into facilities along the River Tyne for the benefit of the North East and all its stakeholders.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about our ability to execute definitive agreements related to this smart education project, attract the attention of customers and win additional projects, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

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.

Survival of the Fittest: Uneven Growth and Vendor Challenges Ahead as 2024’s IoT Cellular Module Market Remained Flat

NEW YORK, Feb. 12, 2025 /PRNewswire/ — Recent reports from global technology intelligence firm ABI Research find that 2024 has proven to be a challenging year for many cellular IoT module vendors. While initial sales have been completed, the full impact won’t be fully understood until April 2025 when annual reports are finalized. It’s possible that the pessimistic outlook for 2024 could worsen further. The market has already witnessed strategic divestitures of resource-intensive product lines and the consolidation of major players due to increased competition and pricing pressures.

“Additionally, a critical time-sensitive issue has emerged,” says Jamie Moss, Research Director, IoT Hardware at ABI Research. Moss explains, “The market is struggling in the wake of the overbuying that occurred by device OEMs in 2021 and 2022, after Covid and in the face of the chipset shortage, as manufacturers sought to secure supply chains. Any lack of a vital component would have meant an inability to produce, and an inevitable loss of sales to competitors. At the time of fulfilling pipelines and ensuring predictable turnover, if not profit margin, was more critical than ever. Throughout 2024 it was anticipated that OEM module inventory would soon be used up, but the delay in return to normal sales for vendors persisted quarter to quarter; and seems likely to carry on into 2025. Some vendors were down by as much as 50% on their cellular module line of business in 2024 versus 2023.”

The current expectation is that in 2024, 426 million units of cellular IoT modules were shipped worldwide, generating US$5.6 billion in revenue, in effect an identical market value to 2023. The one big winner in 2024 was the market leader of the previous five years, Quectel, which managed to match its full year 2023 turnover already by the end of the third quarter 2024. According to Moss, “Quectel has other lines of business, and although the bulk of its income does come from cellular modules, unlike most of its direct competitors, it also supplies the automotive and mobile broadband markets. Quectel’s market strategy is based on growing shipment and market share, it is not focused on profit margin, which has historically stood at an average of 3%.”

New vendors have emerged and made an impression in recent years, proving there are still new business opportunities, but their impact on the value of the cellular IoT module market has been minor. For example, Chinese vendor Unionman has been shipping tens of millions of units annually, but so far just for Cat-1/bis and NB-IoT, at a very low unit price, for a consummately low turnover in the tens of millions of dollars, and only in China. Moss concludes, “The practical result of the current climate is that stalwart u-blox has decided to halt its cellular operations altogether to refocus on its other business units. But it is important to note that the IoT market is not failing, it’s the cellular module business specifically that is rebalancing, in an eventual return to normal, organic growth. However, with increasingly tight margins, not all vendors may be able to wait.”

These findings are from ABI Research’s M2M Embedded Cellular Modules and M2M Cellular Module Vendor Market Share reports. These reports are part of the company’s IoT Hardware research service, which includes research, data, and analyst 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   

 

TOYO Co., Ltd to Showcase Solar Solutions at Key Energy Industry Events

TOKYO, Feb. 12, 2025 /PRNewswire/ — TOYO Co., Ltd (Nasdaq: TOYO) (“TOYO” or the “Company”), a solar solution company, today announced its participation in upcoming key energy industry events in February and March 2025.

Smart Energy Week

When: February 19-21, 2025

Where: Tokyo Big Sight, Japan, Booth S31-40

Smart Energy Week is a dynamic platform where energy leaders convene to network, share expertise, and accelerate advancements in the energy industry. Held multiple times throughout the year in Japan, the exhibitions spotlight a broad range of energy technologies, including solar power, rechargeable batteries, fuel cells, smart grids, wind power, and thermal power generation.

InterSolar San Diego

When: February 25-27, 2025

Where: San Diego Convention Center, Booth #1251 

TOYO will participate in this event alongside its group company.

Intersolar & Energy Storage North America (IESNA) is the premier US-based conference and trade show focused on solar, energy storage, EV charging infrastructure, and manufacturing.

European Energy Supply Chain Summit

Panel discussion: Europe’s Infrastructure Potential: Balancing Ambition and Reality, panel with Simon Shi, President of TOYO, Michael Class, Head of Generation Portfolio Development, EnBW, Jose Luis Blanco, CEO of Nordex, Fabrizio Fabbri, CEO & GM of Ansaldo, moderated by Susanne Lauda, President of INP

When: March 12, 2025, 12:40pm to 13:20pm

Where: Estrel Hotel Berlin

The European Energy Supply Chain Summit  brings together policymakers, industry leaders, and supply chain stakeholders to address critical challenges and opportunities in the energy transition. The summit focuses on fact-based, solution-oriented discussions around topics such as investment security, resource scarcity, innovation, and social acceptance.

“Our presence at these key industry events emphasizes our commitment to delivering high-quality, affordable, and sustainable solar solutions to our customers,” said Junsei Ryu, CEO and Chairman of TOYO. “Our participation in the European Energy Supply Chain Summit underscores our dedication to fostering collaboration, building a more resilient energy future for Europe, and driving the development of sustainable and ethical supply chain practices within the energy sector.”

The TOYO team will be available for discussions on tailored solar solutions, potential collaborations, and insights into the future of solar technology. To schedule a meeting with our team, please get in touch with marketing@toyo-solar.com

About TOYO

TOYO is a solar solution company and is committed to becoming a reliable full-service solar solutions provider in the global market, integrating the upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost. For more information, please visit https://www.toyo-solar.com/

Contact Information:

For TOYO Co., Ltd.
IR@toyo-solar.com

Investor & Media Relations
Crocker Coulson, CEO, AUM Media
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185