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LexisNexis Risk Solutions Completes IDVerse Acquisition

Acquisition expands LexisNexis Risk Solutions’ capabilities in risk and fraud solutions and enhances digital identity onboarding and identity verification through AI-powered technology

ATLANTA and LONDON, Feb. 19, 2025 /PRNewswire/ — LexisNexis® Risk Solutions, part of RELX, closed its acquisition of IDVerse™, a provider of AI-powered document authentication and fraud detection solutions. IDVerse is now part of the Business Services segment of LexisNexis Risk Solutions and will continue to be available within its LexisNexis® RiskNarrative® platform, LexisNexis® IDU®, and will be offered within its LexisNexis® Dynamic Decision Platform® as a stand-alone solution later this year. 

Founded in Australia and launched commercially in 2018, IDVerse uses AI to combat fraud and deepfakes. Its proprietary technology is powered by a deep neural network which verifies the authenticity of identity documents and, with consumer consent, matches the consumer’s face to the photo on a document using biometric algorithms for identity verification and liveness detection to detect a fraudulent submission. IDVerse’s technology is capable of verifying more than 16,000 types of identity documents globally across organisations in various industries and the public sector. 

Once integration is complete, LexisNexis Risk Solutions will offer clients even more robust risk insights to better protect consumers, promote financial inclusion for trusted individuals and help organisations globally maintain an optimal risk posture. 

Combining LexisNexis Risk Solutions’ multi-layered identity verification tools with IDVerse’s complementary AI-powered technology will address both evolving customer needs and emerging threats. Expanding global ID verification capabilities will bolster defences against AI-generated fraud, while IDVerse’s self-learning AI will ensure advanced fraud detection, faster fraud model updates and even more accurate identity verification. 

Rick Trainor, CEO of Business Services at LexisNexis Risk Solutions, stated, “Anti-fraud capabilities need to advance as fast or faster than fraudsters innovate their tactics. AI-powered solutions are critical in defending against fraud, particularly AI-generated fraud such as deepfakes. IDVerse’s accelerated innovation in this field is impressive, and I’m eager to see how our complementary cutting-edge solutions will combine to take our anti-fraud capabilities to new levels.” 

The terms of the transaction have not been disclosed. 

About LexisNexis Risk Solutions

LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.

About RELX

RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £69bn/€82bn/$89bn.

About IDVerse

IDVerse provides tools and infrastructure that help empower the identity verification industry, enabling businesses to verify anyone’s identity within seconds using only their face and smartphone. IDVerse harnesses the power of regenerative AI to not only fight fraud and deepfakes but also significantly reduce associated risks. IDVerse is trusted by financial institutions, fintech, the public sector and global enterprises with offices in Sydney, Melbourne, London and Silicon Valley.

Media Contacts:
LexisNexis Risk Solutions
Ade O’Connor
+44 78 9091 8264
Ade.O’Connor@lexisnexisrisk.com

Pacific Century Premium Developments Limited announces annual results for the financial year ended December 31, 2024


2024 Annual Results – Financial Highlights
(Figures for the corresponding period in 2023 are shown in brackets)

  • Consolidated revenue: HK$ 901 million (HK$ 822 million)
  • Consolidated net loss attributable to equity holders of the Company:
    HK$
    230 million (HK$ 466 million)
  • Basic loss per share: 11.29 HK cents (22.89 HK cents)
  • No final dividend (No final dividend)

HONG KONG SAR – Media OutReach Newswire – 19 February 2025 – Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) has announced its annual results for the year ended December 31, 2024.

The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 901 million, representing an increase of 10% compared to the revenue of HK$ 822 million in 2023.

The consolidated net loss attributable to equity holders of the Company for the year of 2024 was HK$ 230 million, compared to the net loss of HK$ 466 million in 2023.

Basic loss per share for 2024 was 11.29 Hong Kong cents compared to the loss per share of 22.89 Hong Kong cents for the previous year.

The Board of Directors has not recommended the payment of a final dividend for the year ended December 31, 2024.

In 2024, we delivered a robust set of results, indicating that PCPD is now firmly back on a growth trajectory. We had much to benefit from international tourism bouncing back strongly and a devalued yen. In particular, the record-breaking surge in tourism in Japan has helped us achieve a notable rise in occupancy and revenue of Park Hyatt Niseko, Hanazono.

As of the winter season of 2023/24, the number of ski rides encompassing ski lifts and gondolas was up 70% from the pre-pandemic period, namely the winter season of 2018/2019. The tourism boom also had a positive impact on our recreational business in Niseko beyond the white season.

In Jakarta, Indonesia, the occupancy of our premium commercial building, Pacific Century Place, Jakarta (“PCP Jakarta”), was stable throughout the year and remained a consistent revenue contributor to the Group. As of December 31, 2024, the office space committed occupancy was 85%, compared to 83% in the previous year.

Construction of the superstructure at 3–6 Glenealy, Central, Hong Kong, commenced in April, 2024. The work has been progressing well. Completion of the project is scheduled for early 2026.

Cautiously optimistic about the property sectors in Hong Kong, Japan, Thailand and Indonesia in the long run, we are confident of our ability to keep improving our business performance and maximise returns in 2025.

Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “We will keep a close eye on different risk factors and changes. Our approach will remain prudent yet proactive. We will continue to reinforce our business foundation and devise effective strategies to boost profitability, with the ultimate aim of maximising returns for our stakeholders.”

Hashtag: #PCPD

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

About PCPD

Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.

SINEXCEL Unveils Leading Energy Storage Solutions for Utility and C&I Applications at Smart Energy Week 2025

TOKYO, Feb. 19, 2025 /PRNewswire/ — SINEXCEL (300693.SZ), a global yet modest pioneer in energy storage and EV charging solutions, presents its 1725K Power Conversion System (PCS) for utility and 160M for C&I applications at Smart Energy Week 2025. With a commitment to driving the green transition, SINEXCEL’s advanced solutions deliver unmatched flexibility, efficiency and safety, paving the way for a sustainable future and empowering energy freedom.

SINEXCEL Unveils Leading Energy Storage Solutions for Utility and C&I Applications at Smart Energy Week 2025
SINEXCEL Unveils Leading Energy Storage Solutions for Utility and C&I Applications at Smart Energy Week 2025

Innovative Energy Storage Solutions for Utility and C&I Applications

Leveraging nearly 20 years of expertise in power electronics, SINEXCEL designs, develops and manufactures modular and scalable energy storage solutions for utility, C&I, micro-grid and residential applications.

The 1725K PCS, one of its key solutions, is engineered to enhance grid stability, with modular configurations ranging from 215kW to 1.72MW. Featuring a maximum efficiency of 98.5% at DC 1070V, multi-string technology ensures optimal battery safety, while peak shaving and load-shifting features reduce operational expenses. Its NEMA3R cabinets offer adaptability to diverse environments, while the solution is certified to meet industry standards across North America, Europe, Australia, and Japan.

Additionally, the 160M system optimizes energy usage, enhances energy resilience, and drives cost savings for C&I applications.

Local Expertise and Support

“We’ve been serving the Japanese market for five years, delivering around 50 energy storage projects tailored to meet local demands,” said Henry Cheung, General Manager of SINEXCEL’s Energy Storage & Microgrid Business Unit. “As the market grows, we are committed to providing the latest technologies that help shape a sustainable energy future for japan and beyond.”

A Sustainable Future Ahead

As the global demand for energy storage increases, SINEXCEL remains dedicated to innovation, developing modular and scalable solutions that address today’s energy challenges while driving long-term sustainability. With a strong global presence and leadership in energy solutions, SINEXCEL is facilitating the transition to renewable energy and empowering energy freedom.

About SINEXCEL

Founded in 2007, SINEXCEL is a leading pioneer of energy storage, EV charging and power quality solutions, backed by nearly two decades of expertise in power electronics. With over 12 GW of installed capacity and over 600 partners across 60+ countries spanning six continents, SINEXCEL collaborates with industry leaders to deliver innovative energy solutions worldwide, empowering energy freedom and cultivating a cleaner, greener future.

Sahm Capital Joins Capital Market Forum Riyadh 2025 as Platinum Sponsor


RIYADH, SAUDI ARABIA – Media OutReach Newswire – 19 February 2025 – Sahm Capital, the first fintech-driven financial company to secure full Capital Market Authority (CMA) licensing (license no. 22251-25), is proud to announce its participation as a platinum sponsor at the Capital Market Forum (CMF) 2025. Organized by the Saudi Tadawul Group, CMF 2025 took place from February 18–20, 2025, in Riyadh, Saudi Arabia, serving as a premier global platform for fostering interconnectedness between key financial markets worldwide.

This marks Sahm Capital’s second appearance as a sponsor at CMF, underscoring its commitment to expanding its presence in the domestic market and supporting Saudi Arabia’s Vision 2030. The initiative aims to diversify the economy, empower citizens, attract investors, and establish Saudi Arabia as a global leader in innovation and sustainability.

Founded in 2022 and fully licensed by the CMA, Sahm Capital has rapidly grown into a leading fintech player. In October 2023, the company received licenses for Dealing, Advising, and Custody services, followed by the launch of the Sahm trading app in December 2023. The app, a first-of-its-kind platform, has already surpassed 1 million users, making it one of the fastest-growing trading platforms in the region.

In addition to its brokerage licenses, Sahm Capital secured Managing and Arranging licenses from the CMA in October 2024, positioning the company to offer a wide range of financial services, such as investment banking, managing investments and operating funds. Backed by Valuable Capital Group, a multinational entity with regulatory expertise in Hong Kong, Singapore, and the United States, Sahm Capital leverages its global network to deliver comprehensive financial services to a broader investor base.

Hadeel Bedeeri, General Manager of Sahm Capital, commented: “After three years of deepening our roots in Saudi Arabia, we are honoured to be embraced by over a million users. This achievement boosts our confidence as we look to serve a broader audience across the Arab world with high-quality financial services, aiming to help every investor realize their full potential in a thriving, opportunity-rich capital market.”

Hashtag: #SahmCapital #CMA




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

Sahm Capital

Sahm Capital, registered in Riyadh, holds full regulatory licenses from the Capital Market Authority (CMA) to provide Dealing, Advising, Custody, Arranging, and Managing Investments and Operating Funds Activities in the Securities Business services (license no. 22251-25). As the first fintech-driven financial company to achieve full CMA licensing, Sahm Capital has established itself as the fastest-growing member of the Saudi Exchange, leveraging proprietary technology and innovative financial solutions to deliver seamless, one-stop financial services. For more information, visit: www.sahmcapital.com

ST Engineering iDirect CEO Nominated for Via Satellite’s Satellite Executive of the Year Award 2024

Via Satellite recognizes Don Claussen’s leadership in driving innovation to advance the satellite industry

HERNDON, Va., Feb. 19, 2025 /PRNewswire/ — ST Engineering iDirect, a global leader in satellite communications, today announced its Chief Executive Officer, Don Claussen, as a nominee for Via Satellite’s prestigious Satellite Executive of the Year award 2024. This nomination reflects Claussen’s leadership in advancing ground segment technology, which is critical for the future of space communications.

Via Satellite recognizes Don Claussen’s leadership in driving innovation to advance the satellite industry
Via Satellite recognizes Don Claussen’s leadership in driving innovation to advance the satellite industry

Since his appointment in 2023, Claussen has prioritized standardization and interoperability to drive industry collaboration and innovation. A vocal advocate for dismantling industry silos, Claussen has earned widespread respect across the satellite sector, influencing customers, partners, and competitors alike.

Under his guidance, ST Engineering iDirect has achieved groundbreaking advancements, including the launch of Intuition, its next-generation virtualized ground system enabling multi-orbit, automation, and orchestration capabilities. Claussen has also championed frameworks like DIFI and WAVE to foster interoperability, and led efforts in virtualization and cloud-based solutions, paving the way for more adaptable satellite operations.

“It is an honor to be nominated for the Satellite Executive of the Year award,” said Claussen. “This recognition reflects the extraordinary innovation taking place at ST Engineering iDirect and our commitment to shaping a more connected and sustainable future. By exploring hybrid technological and business approaches, we aim to revolutionize satellite systems’ scalability and efficiency, enabling operators to deliver cost-effective connectivity worldwide.”

“For decades, the Satellite Executive of the Year award has commemorated outstanding leadership in the satellite industry,” said Rachel Jewett, Senior Managing Editor of Via Satellite. “This year is no different and we are proud to announce the group of six nominees that represent different ways of charting a new path for the future of the satellite industry.” 

The winner of the 2024 Satellite Executive of the Year will be determined by a combination of the Via Satellite editorial team and votes that come directly from industry. Voting closes at noon ET on March 11. The winner will be announced at SATELLITE 2025 on Wednesday, March 12 at the Via Satellite Awards Luncheon, which is open to all conference-level attendees.

For more information on the award, or to vote for Don Claussen, please visit https://www.satellitetoday.com/vote.

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.

 

MOVA Cleans Up The Competition With Two New Groundbreaking Smart Home Cleaning Appliances

SINGAPORE, Feb. 19, 2025 /PRNewswire/ — MOVA, the globally recognized brand for innovative smart appliances, is delighted to hold an exclusive media preview today to showcase two of its latest innovation in home cleaning appliances – the MOVA Z50 Ultra robot vacuum and the MOVA X4 Pro wet and dry vacuum at the Changi Experience Studio in Jewel Changi Airport, ahead of its highly-anticipated launch on 2 March 2025, at 8pm.

MOVA
MOVA

This exclusive media preview marks the brand’s first live product demonstration in the Southeast Asia region, and the first product launch for MOVA globally. Guests were introduced firsthand to the pioneering technology and features of the new Z50 Ultra and X4 Pro by MOVA’s product development team and were able to try out and witness the superior performance of these brand-new home appliances for themselves.

In addition, guests had the chance to get a first look at other recently-launched MOVA products, including the P50 series robot vacuum, S4 Detect stick vacuum and Shine 10 high-speed hair dryer.

Redefining Daily Domestic Experiences Through Technology

The Z50 Ultra features Mova’s innovative 36℃ Thermostatic HydroSync™ Mopping Technology and first in class D-shaped track-type roller mop, which uses running water alongside real-time fluffing technology to refresh the track-type roller mop whileit cleans. This advanced system effortlessly removes stubborn dirt, ensuring that no stains are left behind.

MOVA Z50 Ultra
MOVA Z50 Ultra

With a peak suction power of 19,000 Pa and a strong 18N scrubbing force, it effectively sweeps and mops in one go while preventing dirt from transferring to other areas during the cleaning process.

The cleaning performance of the Z50 Ultra has been further enhanced thanks to its Triple-Intelligence AI Sensing Tech, which can instantly recognize different stains on the floor and automatically adjust cleaning strategies. The cleaning module supports intelligent lifting for refined dry and wet separation, and its dual-edge cleaning function, which combines extended side brushes with circular edge mopping, ensures thorough cleaning that reaches even the tightest of corners.

Alongside this new launch is the MOVA X4 Pro, a wet and dry vacuum, that makes use of pioneering technology for more effective cleaning.

Featuring SpotHeat™ Spray Cleaning with 80°C Hot Water Floor Cleaning and 100°C Deep Brush Washing, the X4 Pro is the first of its kind in Singapore with these superior features, making it the perfect “helper” to remove even the most stubborn of stains.

MOVA X4 Pro
MOVA X4 Pro

With powerful suction, zero-gap dual-edge cleaning, and a 180° lie-flat reach, MOVA X4 Pro makes cleaning up around the house much easier and faster. The X4 Pro’s hands-free base station also features an innovative design that eliminates the need for manual lifting, tilting, or flipping. With just a gentle push, the wet and dry vacuum returns to its dock – helping to extend its shelf life by preventing damage, and ensuring that the X4 Pro is charged and ready for the next clean.

MOVA
MOVA

Merging Functionality With Award-Winning Smart Designs

With a strong global supply chain, diverse product portfolio, effective marketing channels, and a comprehensive after-sales service system, MOVA is rapidly expanding its presence across more than 30 countries and regions, including North America, Europe, and Southeast Asia. MOVA’s commitment to innovation and style has garnered global recognition, with the brand receiving several awards at this year’s Consumer Electronics Show (CES).

With “Premium, Innovative, Stylish” as the keywords of the brand’s DNA, MOVA aims to bring groundbreaking technologies to the market, with the goal of redefining the future of smart home living.

Boasting a dynamic lineup of home appliances, ranging from advanced smart cleaning devices and robotic vacuums to personal care products including hair dryers, MOVA offers a wide range of effective and convenient home solutions for consumers to choose from.

The MOVA Z50 Ultra and MOVA X4 Pro will be available from 2 March 2025 at 8pm via Shopee and Lazada at special launch prices of $1,499 (U.P. S$2,089) for the first 50 purchases and $749 (U.P. S$1,199) for the first 20 purchases respectively, with the MOVA Z50 Ultra available for pre-order only.

About MOVA

MOVA is a global innovative smart appliance brand that advocates “leading innovation, connecting technology with daily life”. It is dedicated to creating new intelligent living spaces for families worldwide through continuous technological breakthroughs, exploring future home living styles. For more information, please visit http://global.mova-tech.com.

BingX Unveils New Futures Trading Page, Reinforcing Its Position Among Top 5 Derivatives Platforms

PANAMA CITY, Feb. 19, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, has unveiled its new futures trading page. The update comes at a pivotal moment as the platform proudly stands among the world’s top five derivatives platforms in 2024, according to reliable reports from industry leaders CoinGecko and Coinglass. This distinction highlights not only BingX’s impressive trading volume but also its strategic brand evolution, alignment with the latest market trends, and continuous product and feature innovation. It further underscores the platform’s growing influence on the global crypto derivatives market, driven by a user-focused approach and its strong, adaptable capabilities.

BingX Unveils New Futures Trading Page, Reinforcing Its Position Among Top 5 Derivatives Platforms
BingX Unveils New Futures Trading Page, Reinforcing Its Position Among Top 5 Derivatives Platforms

A standout feature of BingX’s futures trading is its ability to provide access to the latest and most popular coins, including trending meme tokens. By offering early market access to these in-demand assets, BingX has established itself as the go-to platform for traders looking to seize emerging opportunities and capitalize on the hottest trends in the crypto space.

In addition, BingX offers both perpetual futures and standard futures, giving users the flexibility to take long and short positions with various margin modes. For more advanced traders, BingX also provides specialized trading tools such as grid trading and dollar-cost averaging (DCA), allowing users to adapt to different market conditions and maximize their trading potential. Since launching its copy trading feature in 2019, BingX has pioneered social trading, now hosting over 20,000 elite traders who offer customizable strategies for users to follow, trade, and earn.

BingX’s futures trading is also known for its innovative features that prioritize user experience. The Guaranteed Price Feature ensures that users can execute trades at preset prices without worrying about slippage, even during periods of market volatility. In addition, the Dual Price Mechanism protects users from unfair liquidations by validating prices through a reliable dual-price system. BingX’s commitment to enhancing capital efficiency is further reflected in its offering of BingX Wealth as a futures margin, allowing users to optimize their capital while managing their open positions.

Vivien Lin, Chief Product Officer of BingX, shared her thoughts on this milestone: “This update is aimed at providing users a comprehensive understanding of the platform’s futures trading capabilities, highlighting its strategic advantages, diverse product offerings, and innovative features. BingX’s rise to a top-tier position is a testament to our dedication to providing superior trading experiences. We are significantly increasing our investment in futures to further solidify our strategic position within the industry. This forward-thinking approach ensures we remain at the forefront of innovation, meeting the growing demands of our users and reinforcing our position as a leader in cryptocurrency trading.”

To ensure that users at all levels can navigate the platform with ease, BingX offers step-by-step tutorials and beginner guides to help users quickly learn platform features and trading processes, alongside regular promotions to boost engagement. To celebrate this achievement, BingX is launching a special campaign where users can earn rewards by depositing, trading, or exploring futures trading.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

Microvast Unveils Next-Gen Battery Solutions at Smart Energy Week 2025

STAFFORD, Texas, Feb. 19, 2025 /PRNewswire/ — Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a global leader in advanced battery technology, unveiled its next-generation high-performance fast charging battery solution at Smart Energy Week 2025 held at the Tokyo Big Sight Exhibition Center. During the 3-day exhibition, Microvast will focus on introducing innovations in the fields of hydrogen fuel cells, photovoltaics, energy storage, batteries, smart grids, and wind energy.

Microvast’s exhibition at this year’s Smart Energy Week 2025 will focus on showcasing its advanced battery technology, emphasizing the company’s core advantages: fast charging, extended cycle life, excellent safety, and seamless system integration. Microvast’s products are designed to provide solutions for various applications, including battery energy storage systems (BESS), commercial vehicles, construction machinery, and specialty vehicles.

Revolutionizing charging times, Microvast’s batteries can achieve an 80% state of charge in just 15 minutes under standard power conditions, significantly minimizing operational downtime. Additionally, Microvast’s batteries operate across a broad temperature range, ensuring reliable performance even in extreme environments.

Microvast’s batteries offer an industry-leading cycle life of up to 8,000 full charge-discharge cycles. This longevity synchronizes with the full operational lifespan of commercial vehicles, supporting over one million kilometers of driving and making them ideally suited for our customers in heavy-duty, high-performance, and demanding applications.

Safety is paramount at Microvast. Our multi-layered safety approach, incorporating advanced separator materials, anode materials, and electrolyte formulations, ensures high energy density without compromising safety. This is validated by certifications from globally recognized standards, including UNECE-R100.3, GB 38031, UL2580, and AIS038.

Microvast offers customized battery solutions tailored to the specific technical requirements of commercial and specialty vehicles. The compact design seamlessly integrates with the fourth-generation MV-B and MV-C battery packs, accommodating the unique operating conditions of off-highway vehicles. These systems can achieve an impressive energy density of 180Wh/kg.

A major highlight of this exhibition will be the unveiling of Microvast’s groundbreaking ME6 BESS. This industry first unique overhaulable system is built around high-performance 565Ah lithium iron phosphate (LFP) batteries, designed to meet the demanding needs of BESS customers.

Microvast founder, chairman, and CEO Yang Wu stated at the exhibition that “Microvast is committed to promoting innovation in the new energy industry. Our presence at Smart Energy Week 2025 underscores our dedication to providing innovative battery solutions that address the evolving needs of the market. We are confident that our advanced technology and innovative products will continue to contribute significantly to the development of a sustainable future.”

“We continue to push the boundaries of battery technology to deliver high-performance, safe, and efficient energy solutions,” added Dr. Wenjuan Mattis, CTO of Microvast. “Our latest advancements in materials science and system integration set new benchmarks in the industry. The ME6 BESS is a testament to our innovation, offering a groundbreaking, long-life, and overhaulable energy storage solution that redefines cost-effectiveness and sustainability for our customers.”

About Microvast

Microvast is a global leader in providing battery technologies for electric vehicles and energy storage solutions. With a legacy of over 18 years, Microvast has consistently delivered cutting-edge battery systems that empower a cleaner and more sustainable future. The Company’s innovative approach and dedication to excellence have positioned it as a trusted partner for customers around the world. Microvast was founded in 2006 and is headquartered in Stafford, Texas.

For more information, please visit www.microvast.com or follow us on LinkedIn (@microvast).