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TK Elevator secures strategic projects in Egypt’s New Administrative Capital to shape the future of urban mobility

  • TK Elevator secures orders for a total of 185 units in Egypt’s New Administrative Capital.
  • The National Bank of Kuwait and Misr Italia Properties chose to partner with TKE to support their respective projects in the new capital.
  • These prominent partnerships in the Middle East region demonstrate TKE’s capability to deliver innovative and reliable urban mobility solutions for the growth of future cities.

DÜSSELDORF, Germany, Feb. 21, 2025 /PRNewswire/ — TK Elevator (TKE), a global leader in vertical transportation and urban mobility, has secured orders for a total of 185 elevator units with two strategic collaborations in Egypt’s New Administrative Capital. This includes a milestone contract win with a returning customer, the National Bank of Kuwait (NBK), and a new customer win with Misr Italia Properties for its luxury boutique development, Vinci – COMO Lakes. These project wins underscore TKE’s reputation for supporting customer success through urban renewal and expansion with innovative mobility solutions that are essential for future urban life.

In 2019, TK Elevator supplied the NBK’s corporate headquarters in Kuwait City with 10 sets of TWIN systems and other mobility solutions. For this new project, the Bank ordered a total of 17 units of enta300 and meta100 elevators for its country head office in Egypt’s New Administrative Capital.

Misr Italia Properties, a leading real estate developer in Egypt known for its dynamic projects, is set to develop Vinci – COMO Lakes, a luxury boutique development in the residential heart of the new capital. The community will feature high-end villas with exceptional, sustainable designs, and 40 TKE elevators in the first phase of the development.

The New Administrative Capital is projected to be a significant growth driver for Egypt, with plans to include a new presidential palace, a new parliament building, areas dedicated to foreign embassies and government administrations, as well as various districts for business, finance, arts and culture, and an expansive green park. TK Elevator’s selection to support the mobility needs of these prominent customers for key strategic projects is a testament to TKE’s achievements in the dynamic Middle East region.

“TKE offers a full range of urban mobility innovation, from products, solutions and service that serve as the essential backbone for transformative projects like Egypt’s New Administrative Capital,” said Jürgen Böhler, CEO Asia Pacific at TK Elevator. “As cities evolve and expand, our technology is essential for seamless accessibility and connectivity, enabling them to move beyond.”

“We are thrilled to bring TK Elevator’s urban mobility solutions to the New Administrative Capital in Egypt,” said Ahmed Alaa, Managing Director at TK Elevator Egypt. “It is a pleasure to collaborate once again with the National Bank of Kuwait on its new head office, and we look forward to seeing the development of Vinci – COMO Lakes come to fruition. Elevators, escalators and moving walks are essential components for future cities. We remain dedicated to supporting urban renewal and expansion through our transformative engineering and services, ensuring that people can move swiftly and safely in their daily lives.”

ABOUT TK ELEVATOR

TK Elevator (TKE) is a global leader in vertical transportation and urban mobility. We provide engineering that keeps the world moving, from design to installation and maintenance on any brand of elevators, escalators, walkways, lifts, passenger boarding bridges, stairlifts, platform lifts and home elevators – any place and any time. With our digital solutions like AGILE and the IoT platform, MAX, there are no longer any limits to urban mobility. TK Elevator became independent following its separation from the thyssenkrupp group in 2020. The company achieved sales of €9.3 billion in fiscal year 2023/2024. With around 50,000 employees, 25,000 service technicians and over 1,000 support centers globally, we are moved by what moves people. TKE – Move Beyond.

PRESS IMAGES
can be downloaded here (Source: Haytham – stock.adobe.com).

The Future of Music: How PositiveGrid’s SparkAI tone is Leading the Next Tech Revolution

LAS VEGAS, Feb. 21, 2025 /PRNewswire/ — Founded in 2013 by a team of music-tech obsessives, PositiveGrid has been breaking boundaries ever since. It specializes in building smart, connected tools like software BIAS and hardware Spark series, an AI-powered amps that inspire individuals to play more than ever, with intuitive features like Smart Jam and Auto Chords, plus an arsenal of gear and immersive sound, that allow player to connect amplifiers with a free mobile app to effortlessly fuel creativity. Today, PositiveGrid has become one of the TOP3 best selling amplifier brands in the North America market with over 500,000 users around the world and was awarded by NAMM show and Guitar World by numerous times.


Guitar legend Steve Vai tries SparkAI

 

the interface of SparkAI in Spark app
the interface of SparkAI in Spark app

At its core, PositiveGrid’s SparkAI is an AI-powered tone generator embedded in the company’s highly successful Spark app. Using deep learning, self-supervised learning, and transformer-based models—technologies typically associated with language processing—SparkAI can generate remarkably authentic guitar sounds. By analyzing vast amounts of audio data and understanding the intricate patterns that define a musician’s tone, it brings musicians closer than ever to achieving their ideal sound with minimal effort.

While traditional guitar amplifiers rely heavily on analog circuitry and preset configurations, SparkAI completely reimagines this approach. The system is built to adapt to a musician’s playing style, preferences, and genre, offering a dynamic and personalized experience. Whether you’re an experienced professional or a novice guitarist, SparkAI seamlessly adjusts to suit your needs, making it an incredibly versatile tool in any musician’s kit.

The magic of SparkAI lies in its unique use of self-supervised learning and audio signal processing. The process begins by converting vast amounts of audio data into “tokens”, a technique commonly used in language processing models. These tokens represent various characteristics of sound, such as pitch, tone quality, and texture, which SparkAI then uses to learn the logic of tone creation.

Overall, the success of SparkAI signals a major shift in how AI can be applied to music production. As more and more AI-driven solutions emerge—whether for creating music, generating lyrics, or even mastering tracks—the boundaries of what is possible within the music industry are rapidly expanding. PositiveGrid’s use of AI to replicate and innovate on traditional guitar sounds is just the beginning.

Chosen by Consumers: Amazon’s Top COSRX Picks for Products People Love and Trust

NEW YORK, Feb. 21, 2025 /PRNewswire/ — TikTok viral K-Beauty brand, COSRX is proud to announce a major milestone – three of its newly launched products, the Advanced Snail Mucin Glass Glow Hydrogel Mask, The Alpha-Arbutin 2 Discoloration Care Serum and The Peptide Collagen Hydrogel Eye Patch have been awarded the prestigious Amazon’s Choice badge, a distinction reserved for only the most highly rated and best-performing products.

Chosen by Consumers: Amazon’s Top COSRX Picks for Products People Love and Trust
Chosen by Consumers: Amazon’s Top COSRX Picks for Products People Love and Trust

  • Advanced Snail Mucin Glass Glow Hydrogel Mask: Formulated with a high concentration of Snail Secretion Filtrate to deliver powerful all-in-one skincare benefits in a single use. Using innovative hydrogel technology, the mask gradually turns transparent as its active ingredients are absorbed into the skin, offering hydrating, brightening, soothing, and firming effects while improving overall skin texture and radiance. Uniquely, the mask can also be used overnight, making it ideal for overnight care.
  • The Alpha Arbutin 2 Discoloration Care Serum: This innovative formula blends a powerful mix of ingredients that not only fade post breakout blemishes but also prevent and block the formation of hyperpigmentation. Suitable for all skin types, this lightweight, gentle serum effectively addresses various blemish concerns without causing irritation and can be used on the face and body for a clearer, more radiant complexion.
  • The Peptide Collagen Hydrogel Eye Patch: Formulated with 4 peptides, low molecular collagen, and caffeine, this refreshing eye patch hydrates and firms the under-eye area, reducing the appearance of fine lines, puffiness, and dark circles. In just 10 minutes, experience a spa-like refresh and reveal a more youthful, revitalized look.

Amazon’s Choice is an exclusive recognition that cannot be purchased – it is granted solely based on outstanding product performance, including exceptional consumer ratings, strong sales momentum, and low return rates. Securing this title across multiple products underscores COSRX’s unparalleled trust and dominance in the skincare industry, proving once again that the brand’s commitment to quality and effectiveness continues to win over consumers worldwide.

Further solidifying its position as a K-Beauty powerhouse, the legendary Advanced Snail 96 Mucin Power Essence, has achieved an extraordinary feat. Not only has it secured the coveted Best Seller badge on Amazon, an honor bestowed only upon the highest-grossing and most sought-after products in their respective categories, but it has also ranked No.1 in the 2024 Amazon US Ampoule Review Ranking Top 20. Praised for its versatility, The Advanced Snail 96 Mucin Power Essence has become a fan favorite. Users have found it not only provides deep hydration but also creates a dewy, natural finish when mixed with foundation, or soothes irritated skin, such as sunburn. This remarkable dual benefit has contributed to its well-deserved popularity.

These industry-leading accolades reinforce COSRX’s commitment to delivering high-quality, effective skincare that consumers trust and love. By consistently prioritizing innovation, accessibility, and customer satisfaction, COSRX continues to set the standard in K-beauty. With a focus on science-backed formulations and real consumer results, the brand remains dedicated to providing skincare solutions that meet diverse needs while maintaining affordability and effectiveness. These recognitions not only celebrate COSRX’s achievements but also highlight its ongoing mission to create products that earn and retain customer loyalty worldwide.

Ready to experience the award-winning skincare that everyone is raving about? Discover COSRX’s Amazon’s Choice and Best Seller products now – available at the COSRX store on Amazon!

About COSRX: With its powerful yet affordable skincare solutions, COSRX has quickly become one of America’s favorite skincare brands. Using a minimal number of highly effective natural extracts in concentrated doses, COSRX products deliver visible results by treating the skin with only the essentials it needs and nothing it doesn’t. Find its best-selling skincare solutions at retailers nationwide, including https://www.cosrx.com, Amazon, ULTA, Revolve, Dermstore, Nordstrom and Target. COSRX is also on Instagram + TikTok.

/C O R R E C T I O N — Mindsprint/

In the news release, Mindsprint Expands Global Footprint in Australia to Bring Cutting-edge IT Solutions and Services, issued 20-Feb-2025 by Mindsprint over PR Newswire, we are advised by the company that the in the third paragraph the designation for Amit Bassi should read “Amit Bassi as President & Managing Partner, for Mindsprint ANZ.” rather than “Amit Bassi as Chairman for Mindsprint ANZ.” as originally issued inadvertently. The complete, corrected release follows:

Mindsprint Expands Global Footprint in Australia to Bring Cutting-edge IT Solutions and Services

SYDNEY, Feb. 21, 2025 /PRNewswire/ — Mindsprint, a leading differentiated technology solutions company known for its innovative and purpose-built solutions, today announced the opening of its ANZ office in Sydney, Australia. This expansion reinforces Mindsprint’s commitment to delivering cutting-edge IT solutions and services to clients across diverse sectors, including Food and Agriculture, Retail and Consumer Packaged Goods, Manufacturing, and Life Sciences.

Mindsprint Expands Global Footprint in Australia to Bring Cutting-edge IT Solutions and Services
Mindsprint Expands Global Footprint in Australia to Bring Cutting-edge IT Solutions and Services

Headquartered in Singapore, Mindsprint has established a robust presence in the enterprise customer segment, with state-of-the-art delivery centers in Chennai and Bengaluru. The addition of the Australian office enhances the company’s ability to effectively serve regional clients and drive business transformation through advanced technology solutions like Data Analytics, AI, SAP Transformation, Intelligent Automation, and Supply Chain Optimization to meet the unique needs of the market.

Suresh Sundararajan, Co-founder and CEO, Mindsprint, said, “We are excited to announce this strategic move as a key step in our global growth strategy, highlighting the substantial opportunities for managed services in the region. As businesses increasingly focus on their core competencies, we believe there is significant potential for growth. Additionally, we are thrilled to welcome Amit Bassi as President & Managing Partner, for Mindsprint ANZ. With 30 years of experience, Amit brings a wealth of knowledge in driving business transformation and spearheading innovative initiatives in products, platforms, and services.”

Amit Bassi, President & Managing Partner, Mindsprint ANZ, said, “Mindsprint’s expansion reiterates our commitment to invest in the ANZ region. By building a talented local team and harnessing our global expertise, we aim to empower businesses to reach their full potential. Fuelled by advancements in digital, automation, AI solutions, and modernization, the Australian IT services market is projected to grow by 9.5% over the next five years*. This opportunity places us in a unique strategic position to create value for customers in this dynamic environment.”

Mindsprint has over 3000 employees, with a presence across the US, UK, Singapore, India, Middle East, and Africa. Mindsprint’s industry-agnostic Technology, Cybersecurity, and Business Process Services and solutions are adaptable to a broad industry spectrum, cutting across the supply chain, sustainability, smart manufacturing, procurement, spend analytics, enterprise applications, and more. With this move, Mindsprint aims to drive innovation and build trusted relationships with clients in Australia, New Zealand, and the broader Asia-Pacific region.

*Source: IT Services Industry Forecast 2024-31 Report by Industry ARC

About Mindsprint

Mindsprint’s purpose is to reimagine business with talent, technology, and insights-driven services and solutions. With a proven track record of two decades, enabling global organizations in their business and technology transformation journey, Mindsprint is a differentiated digital and business transformation partner with offerings ranging from digital transformation solutions to enterprise technology, business process services, and cybersecurity solutions. Powered by 3000 employees, they are headquartered in Singapore with a significant presence in India (Chennai and Bengaluru), the U.S., and the UK. Mindsprint has also been recognized as a Great Place to Work Certified™ company that combines talent, technology, and insights to reimagine business and technology transformation.

Mindsprint is a part of the Olam Group, a leading food and agribusiness supplying food ingredients, feed, and fiber to over 22,000 customers worldwide. It is supported by a global team of more than 82,000 employees across more than 60 countries. Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalization on SGX-ST. Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment, and governance transparency. Mindsprint is an independent digital solutions and business services provider that continues to support Olam and the entities while also focusing on new customers.

More information on Olam can be found at www.olamgroup.com and Mindsprint at www.mindsprint.com | in.linkedin.com/company/mindsprint

 

 

State Grid Xinjiang Information & Telecommunication Company: Successful Deployment and Upgrade of the Artificial Intelligence Large Model Platform

ÜRÜMQI, China, Feb. 21, 2025 /PRNewswire/ — On February 10, 2024, State Grid Xinjiang Information & Telecommunication Company successfully completed the comprehensive deployment and joint verification of the artificial intelligence large model platform, achieving full-element integration. An AI large model refers to a deep learning-based system with extensive parameters, robust learning capabilities, and strong generalization abilities, capable of processing and generating diverse data types such as natural language and images. The large model platform serves as the foundational infrastructure supporting these models, providing essential functionalities like computing, storage, and scheduling.

Since the release of the hundred-billion-parameter multimodal Bright Power large model by the State Grid Corporation on December 19, 2024, State Grid Xinjiang Information & Telecommunication Company promptly initiated the upgrade and deployment of the AI large model platform. To ensure the project’s smooth execution, a four-dimensional coordination mechanism was established, encompassing “cloud platform + deployment + cybersecurity + resource coordination.” A team of over 20 experts was assembled to address key technical challenges, including heterogeneous cloud platform adaptation and multi-vendor component integration. This effort culminated in the successful deployment of all components of the large model platform, accelerating the integration and application of next-generation AI technology. Consequently, this has provided robust support for the development of Xinjiang’s distinctive new power system and energy system.

Moving forward, State Grid Xinjiang Information & Telecommunication Company will continue to deepen the integration of the large model into various business areas such as distribution networks, scheduling, and customer service. The company will actively explore operational mechanisms based on the Bright Power large model, establish an AI talent training system in relevant fields, and demonstrate new responsibilities and actions in building a clean, low-carbon, safe, and efficient new energy system.

ViewQwest accelerates regional expansion with key commercial appointment for North Asia

Welcomes Teddy Ko as Head of Business Development

HONG KONG, Feb. 21, 2025 /PRNewswire/ — ViewQwest, a leading telecommunications, network, and security services provider, reinforces its expansion drive with the appointment of Teddy Ko as Head of Business Development and Sales – North Asia, overseeing Hong Kong, Macau, the rest of the Greater Bay Area, and Taiwan.

Teddy Ko, Head of Business Development, ViewQwest
Teddy Ko, Head of Business Development, ViewQwest

With 27 years in the ICT industry and a strong record of accomplishment driving double-digit business growth across consumer, corporate, and international markets, Ko will spearhead business development and sales initiatives in the region to foster client relationships, secure key partnerships, and deliver tailored solutions for enterprise digital transformation.

Ko brings extensive leadership experience from his previous roles at major industry players. He served as Country Director for Singapore Telecom Hong Kong Ltd., managing and driving operational efficiency and profitability. At HKT, where he had two tenures, he was instrumental in managing end-to-end cloud strategies, solutions, and carrier-grade network facilities. He also held the role of Head of Solutions at Dimension Data China / Hong Kong Ltd. where he demonstrated his ability to lead innovation and deliver transformative solutions.

Beyond his corporate experience, Ko has been an active industry leader, underscoring his commitment to technological development in the region. He served as convenor of the Cloud Computing Special Interest Group of the Hong Kong Computer Society and as part of the FinTech Committee of the Hong Kong Innovation Technology Development Association.

Benjamin Tan, Chief Commercial Officer of ViewQwest, shared his thoughts on Teddy’s appointment: “Since 2023, ViewQwest has been steadily growing our customer footprint in North Asia, specifically the Greater Bay Area and Taiwan. The need for robust connectivity and security solutions in the region has never been greater, and we are strongly positioned to serve this demand. Teddy’s extensive industry experience and deep understanding of these markets make him the ideal leader to drive our expansion efforts.”

“Teddy’s appointment marks a significant milestone in ViewQwest’s regional growth strategy, reinforcing the company’s mission to deliver secure, scalable, and high-performance network solutions for enterprises across North Asia,” added Tan.

About ViewQwest

ViewQwest is an award-winning telecommunications, network, and security services provider driven by a vision to make the world a better place, powered by a safer, better internet. Founded and headquartered in Singapore since 2001, it has expanded operations and market coverage in Malaysia, the Philippines, Hong Kong SAR, and other countries in North and Southeast Asia.

ViewQwest builds and manages high-performing network and security infrastructure for the digital enterprise, securely connecting corporate sites and workforces wherever they are needed. It is a trusted partner of global and regional multinational corporations (MNCs) and top companies across Asia, delivering fit-for-purpose connectivity and security to power their digital future. ViewQwest also provides market-leading residential and SME broadband connectivity and cybersecurity services in Singapore and Malaysia.

ViewQwest received the 2024 Network and Security integration of the Year Award – Singapore, and the 2023 Singapore Broadband Telecom Provider of the Year recognition at the Asia Telecom Awards for its service innovation and excellence in network and security.

For more information, visit https://viewqwest.com/ 

Dongying’s investment soars with quality focus

DONGYING, China, Feb. 21, 2025 /PRNewswire/ — A news report from chinadaily.com.cn:

Dongying’s investment promotion system has made significant strides in 2024 by enhancing the quality and efficiency of investment attraction. The city has seen a notable increase in investment, higher project quality, and a major share of industrial investment.

Dongying secured 526 new investment projects last year, with a total contract value of 237.05 billion yuan ($32.55 billion). Currently, 425 projects are underway, with an investment of 92.43 billion yuan.

The city has focused on attracting large-scale, high-quality projects, including 61 by Fortune Global 500 companies and state-owned enterprises like Shanghai Electric and Guohua Energy, totaling 43.07 billion yuan.

Industrial investment projects made up a significant portion of the city’s total investments. Specifically, 122 key provincial and municipal projects contributed to 56.5 percent of the total number of projects. These projects accounted for 58.3 percent of the total investment, amounting to 214.43 billion yuan.

In 2025, Dongying’s investment promotion efforts will center on five key initiatives: enhancing industrial investment, driving large-scale projects, innovating investment models, optimizing services, and strengthening investment capabilities.

The city will adopt a chain-based approach to promote traditional industry transformation, using leading enterprises to attract supporting and upstream and downstream partners. It will aim for industry value chain projects to account for over 65 percent of total investments in 2025.

The city will also focus on emerging industries such as the low-altitude economy, new energy storage, and hydrogen energy to build new competitive advantages.

This year, Dongying plans to attract more than 40 projects, each valued at over 1 billion yuan, and achieve breakthroughs in key emerging sectors. It will introduce a new investment model that combines resources, market opportunities and application scenarios, launching 70 key scenarios across six categories with an expected investment of over 33 billion yuan.

The city will also implement a dynamic management system for key projects and establish a mechanism for addressing challenges during the project execution process, aiming to create a model for national investment attraction services based on Dongying’s approach.

Dongying is committed to attracting high-quality investments, driving industrial transformation, and fostering emerging sectors to ensure long-term, sustainable growth.

PTT Oil and Retail Business Appoints M.L. Peekthong Thongyai as CEO, Accelerating Regional Expansion and Digital Transformation

BANGKOK, Feb. 21, 2025 /PRNewswire/ — PTT Oil and Retail Business Public Company Limited (OR) has named M.L. Peekthong Thongyai as its new Chief Executive Officer, reinforcing the company’s push for regional growth and operational innovation. Under his leadership, OR is positioning itself as a dominant player in Southeast Asia’s oil and retail industry, leveraging digital technology and strategic investments to drive sustainable, long-term value.

M.L. Peekthong Thongyai, CEO of PTT Oil and Retail Business Pcl. (OR), leads the company toward regional growth, digital transformation, and sustainability.
M.L. Peekthong Thongyai, CEO of PTT Oil and Retail Business Pcl. (OR), leads the company toward regional growth, digital transformation, and sustainability.

Strategic Business Pillars for Growth

M.L. Peekthong has outlined OR’s three-pronged strategy for expansion:

  • Seamless Mobility: OR is actively growing its service station network, enhancing fuel accessibility while accelerating the rollout of EV Station PluZ, a key initiative in the company’s transition toward clean energy solutions.
  • All Lifestyles: OR is deepening its presence in the food and beverage sector, spearheaded by its flagship Café Amazon brand, while also exploring high-growth opportunities in the health and wellness industry.
  • Global Market Expansion: OR is ramping up international investments, strengthening its footprint across high-potential markets through infrastructure development and strategic acquisitions.

M.L. Peekthong’s agenda is structured around these three key business pillars, with digital transformation and innovation serving as core enablers. His vision is to enhance OR’s regional presence, optimize its energy infrastructure, and expand its diversified business portfolio, solidifying Thailand’s role as a regional energy hub while integrating next-generation mobility solutions.

Driving Digital Transformation and Operational Efficiency

OR is accelerating its digitalization strategy to optimize operations, improve decision-making, and future-proof its business model. As the first oil and retail company in Southeast Asia to implement SAP S/4 HANA, OR is setting a new industry benchmark for enterprise-wide digital adoption. The company has also launched a Control Tower Dashboard, providing real-time data analytics to enhance operational agility and efficiency.

Enhancing Stakeholder Engagement and Long-Term Growth

To reinforce transparency and corporate accountability, OR is launching the “CEO on Tour” initiative, designed to deepen engagement with investors, employees, and strategic partners. This initiative underscores the company’s commitment to open communication and collaborative growth.

“In today’s rapidly evolving market, success is built on resilience, innovation, and strategic partnerships,” said M.L. Peekthong Thongyai, CEO of OR.

As OR advances its transformation, the company remains committed to its philosophy—‘They Grow, We Grow’—ensuring that every aspect of its expansion strategy contributes to sustainable progress and shared value creation across its entire ecosystem.

To enhance accessibility and engagement, M.L. Peekthong has also launched his official Facebook page, “Tone Peekthong”, as a dedicated platform for industry insights and stakeholder interaction.

About PTT Oil and Retail Business (OR)

PTT Oil and Retail Business Public Company Limited (OR) is a leading force in Thailand’s energy and retail sectors, integrating innovation and sustainability to meet evolving consumer and business needs. OR operates PTT Station, PTT Lubricants, FIT Auto, PTT LPG, and EV Station PluZ, providing mobility solutions across industrial, marine, and aviation sectors. Its lifestyle business includes Café Amazon—one of Asia’s largest coffee chains—along with convenience stores and space management services. Expanding into high-growth markets such as Cambodia, Laos, the Philippines, Vietnam, Malaysia, Singapore, Japan, Oman, Saudi Arabia, and Bahrain, OR is also investing in EV charging infrastructure and sustainable energy solutions, driving responsible growth and enhancing everyday experiences.

For more information, visit www.pttor.com.