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SK hynix Announces 4Q24 Financial Results

  • Revenues for 2024 at 66.1930 trillion won, operating profit at 23.4673 trillion won, net profit at 19.7969 trillion won
  • Revenues for Q4 at 19.7670 trillion won, operating profit at 8.0828 trillion won, net profit at 8.0065 trillion won
  • Achieving best-ever quarterly and yearly performance with increased sales of AI memory products including HBM and eSSD
  • Company to affirm the possibility of achieving sustainable profit through differentiation of AI product competitiveness and profitability-oriented operation

SEOUL, South Korea, Jan. 23, 2025 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it recorded best-ever yearly performance with 66.1930 trillion won in revenues, 23.4673 trillion won in operating profit (with an operating margin of 35%), and 19.7969 trillion won in net profit (with a net margin of 30%).

Yearly revenues marked all-time high, exceeding the previous record in 2022 by over 21 trillion won and operating profit exceeded the record in 2018 during the semiconductor super boom.

* FY2022 Yearly Revenues: 44.6216 trillion won / FY2018 Yearly Operating Profit: 20.8437 trillion won

In particular, fourth quarter revenues went up by 12% to 19.7670 trillion won, operating profit up 15% to 8.0828 trillion won (with an operating margin of 41%) from the same period last year and net profit recorded 8.0065 trillion won (with a net margin of 41%).

SK hynix emphasized that with prolonged strong demand for AI memory, the company achieved all-time high result through world-leading HBM technology and profitability-oriented operation.

HBM continued its high growth in fourth quarter marking over 40% of total DRAM revenue and eSSD also showed constant increase in sales. With remarkable product competitiveness based profitability-oriented operation, the company established a stable financial condition which led to improved outcome.

Annual result of 2024 demonstrated memory company’s possibility of stable profit gain by supplying product in right time to meet customers’ needs. Especially, in which the memory sector is being transformed into a high-performance, high-quality market with growth of AI memory demand.

Based on the financial result, at the end of 2024, cash equivalent increased by 5.2 trillion won to 14.2 trillion won and debt decreased by 6.8 trillion won to 22.7 trillion won compared to the end of 2023, leading the significant improvement in the debt ratio and net debt ratio to 31% and 12% respectively.

SK hynix forecasts that the demand of HBM and high density server DRAM, which is essential in high performance computing, will continue to increase as the global big tech companies’ investment in AI servers grow and AI inference technology gains importance. In the consumer market, which inventory adjustment is expected, sales of PC and smartphones equipped with AI will expand and the market situation will pick up in the second half of the year.

Therefore, the company plans to expand HBM3E supply and develop HBM4 in right time to meet customers’ needs. With stable demand, the company aims to push for the transition to advanced process, necessary for the production of competitive DDR5 and LPDDR5. For NAND, as last year, the company plans to meet the market with profitability-oriented operation and flexible sales strategies.

SK hynix raised the annual fixed dividend by 25% to 1,500 won a share from 1,200 won and hiked total amount of the cash dividend to 1 trillion won annually. Along with the raise, the company decided to put aside 5% of the free cash flow, which was formerly included in the dividend policy, for enhancement of the financial structure.

“With significantly increased portion of high value-added products, SK hynix has built fundamental to achieve sustainable revenues and profits even in times of market correction.” said Kim Woohyun, Vice President and Chief Financial Officer (CFO) at SK hynix. “While maintaining the profitability-first commitment, the company will make flexible investment decisions in line with market situation.”

FY2024 Financial Results (K-IFRS)

*Unit: Billion KRW

FY24

YoY

FY23

Change

Revenues

66,193.0

32,765.7

102 %

Operating
Profit

23,467.3

-7,730.3

Turn to
profit

Operating
Margin

35 %

-24 %

59%p

Net Income

19,796.9

-9,137.5

Turn to
profit

4Q24 Financial Results (K-IFRS)

*Unit: Billion KRW

4Q24

QoQ

YoY

3Q24

Change

4Q23

Change

Revenues

19,767.0

17,573.1

12 %

11,305.5

75 %

Operating
Profit

8,082.8

7,030.0

15 %

346.0

2,236 %

Operating
Margin

41 %

40 %

1%p

3 %

38%p

Net Income

8,006.5

5,753.4

39 %

-1,379.5

Turn to
profit

※ Financial information of the earnings is based on K-IFRS

※ Please note that the financial results discussed herein are preliminary and speak only as of January 23, 2025. Readers should not assume that this information remains operative at a later time.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”) and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

Bright Scholar Schedules Unaudited Financial Results for the First Quarter of Fiscal 2025 Ended November 30, 2024

CAMBRIDGE, England and FOSHAN, China, Jan. 23, 2025 /PRNewswire/ — Bright Scholar Education Holdings Limited (“Bright Scholar,” the “Company,” “we” or “our”) (NYSE: BEDU), a global premier education service company, today announced that it will release its unaudited financial results for the first quarter of fiscal 2025 ended November 30, 2024, on January 24, 2025, before the US market opens.

The Company’s management will host an earnings conference call at 7:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on January 24, 2025.

Dial-in details for the earnings conference call are as follows:

Mainland China:                  4001-201203
Hong Kong:                         800-905945
United States:                     1-888-346-8982
International:                       1-412-902-4272

Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for “Bright Scholar Education Holdings Limited.”

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.brightscholar.com/.

A replay of the conference call will be accessible after the conclusion of the live call until January 31, 2025, by dialing the following telephone numbers:

United States Toll Free:   1-877-344-7529
International:                    1-412-317-0088
Replay Passcode:            6100559

About Bright Scholar Education Holdings Limited

Bright Scholar is a global premier education service Group. The Company primarily provides quality international education to global students and equips them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education.

For more information, please visit: https://ir.brightscholar.com/.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s business plans and development, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:
Email: BEDU@thepiacentegroup.com
Phone: +86 (10) 6508-0677/ +1-212-481-2050

Media Contact:
Email: media@brightscholar.com

Health In Tech Announces Innovative Collaboration with MARPAI and Vitable DPC to Offer Competitive Quotes in Enhanced Self-Funded Solutions

STUART, Fla., Jan. 23, 2025 /PRNewswire/ — Health In Tech, an Insurtech platform company backed by third-party AI technology, is thrilled to announce a new strategic collaboration with Vitable and MARPAI. This collaboration aims to introduce a  competitively priced self-funded health plan to the market. By utilizing the strength of Vitable’s Direct Primary Care (DPC), a health plan, and stop-loss coverage, Health In Tech seeks to offer low quotes on their eDIYBS platform, and to set an ambitious standard in affordability and efficiency.

Vitable’s enhanced primary care plan combines in-person and virtual primary care access with mental health programs, free prescription drugs, lab work, and care navigation for the entire household, all under a low monthly fee and $0 out-of-pocket cost for members. With their cost containment ability proven by numerous third-party actuarial firms and reinsurance carriers, our intention is to utilize Vitable’s DPC to provide competitively priced quotes within Health In Tech’s proprietary eDIYBS platform for networks and carriers under MARPAI’s self-funded health plan offerings. We expect Vitable’s high utilization and member satisfaction to contribute to reductions in healthcare costs.

“This collaboration exemplifies our commitment to revolutionizing healthcare access and affordability,” said Glenn Hillyer, Chief Growth Officer at Health In Tech. “By integrating Vitable’s hybrid DPC model – with their successful track record in effectively managing primary care and urgent care claims for self-funded and level-funded plans – with MARPAI’s self-funded health plans, and the streamlined process for which Health In Tech is known for, we are working to deliver competitive value and comprehensive care to our clients.”

Vitable’s hybrid DPC model seeks to ensure seamless access to primary care and mental health services, providing members with the flexibility and convenience of both in-home and virtual visits. This approach addresses the critical need for accessible and affordable healthcare, especially for the under- and uninsured workforce.

“We are excited to join forces with Health In Tech and MARPAI to bring our high-quality health plans at a significantly lower cost,” said Steven Baek, Head of Growth at Vitable. “Our commitment is to enhance member satisfaction and utilization while driving down healthcare costs.”

“We are excited to announce our collaboration with both Health In Tech and Vitable, two leaders in the employee benefits space,” said Ben Utz, Vice President of Strategic Accounts at Marpai. “Together, we hope to deliver smarter, seamless healthcare experiences that prioritize employee well-being, improve access to personalized care, and drive meaningful results for organizations.”

This competitive quote opportunity will be available through Health In Tech’s eDIYBS platform starting today.

About Health In Tech

Health In Tech (Nasdaq: “HIT”) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

About Vitable

Vitable offers a hybrid Direct Primary Care health plan for self-funded and level-funded groups, delivering easy access to high-quality primary care and mental health coverage to the under- and uninsured American workforce. Vitable membership includes in-home and virtual primary care visits, free prescriptions, labs, and mental health programs with no out-of-pocket cost for the members.

About Marpai, Inc.

Marpai, Inc. (OTCQX: MRAI) is a technology platform company which operates subsidiaries that provide TPA and value-oriented health plan services to employers that directly pay for employee health benefits. Primarily competing in the $22 billion TPA sector serving self-funded employer health plans representing over $1 trillion in annual claims. Through its Marpai Saves initiative, the Company works to deliver the healthiest member population for the health plan budget. Operating nationwide, Marpai offers access to leading provider networks including Aetna and Cigna, industry leading Reference Based Pricing (RBP) solutions and all TPA services. For more information, visit www.marpaihealth.com, the content of which is not incorporated by reference into this press release. Investors are invited to visit https://www.ir.marpaihealth.com.

Forward-Looking Statements Regarding Health In Tech

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

Investor Contact

Investor Relations:
ir@healthintech.com

 

 

Pictor Biotech Inc. (d.b.a. SOLARBIOTECH), GPC Bio, and Eleszto Genetika Announce Strategic Unification

NORTON, Va., LA ROCHELLE, France and BUDAPEST, Hungary, Jan. 23, 2025 /PRNewswire/ — Today, SOLARBIOTECH, GPC Bio, and Eleszto Genetika proudly announced their acquisition and strategic unification under a single ownership.

This consolidation creates a vertically integrated Synthetic Biology and Biomanufacturing powerhouse, uniquely positioned to harness the disruptive potential of precision fermentation. By integrating decades of expertise, the unified organization will leverage the strength of each team to seamlessly advance Synthetic Biology innovation from ideation to commercial production.

The acquisitions bring together over 100 engineers, scientists, and seasoned biotech executives, marking a significant leap forward in the rapidly evolving biomanufacturing landscape. The unified organization is fully equipped to give clients unparalleled and seamless support in all stages of biomanufacturing, including microbial strain and bioprocess development, plant engineering, automation, construction, deployment, and large-scale operations. The coming months will involve further integrational activities to fully leverage the strength of the organization.

Strategic Relevance

The challenges of microbial strain engineering often hindered by restrictive intellectual property and the technical hurdles of scaling bioprocesses, have long impeded the faster development of synthetic biology products. By uniting these companies, we can directly address these challenges head-on, transforming the biomanufacturing landscape with the financial and operational support necessary for growth,” said Alex Berlin, CEO of Pictor Biotech Inc. (d.b.a. SOLARBIOTECH).

Zsolt Popsé, CEO of GPC Bio, added, “With nearly 20 years of experience in designing, engineering, automating, and deploying biomanufacturing equipment, we have delivered world-class facilities for leading biopharmaceutical companies such as Merck, Sanofi, and Millipore-Sigma, as well as major food and beverage companies like Cargill, Groupe Soufflet, and Lesaffre. The integration of GPC Bio with EG and SOLARBIOTECH places us in a unique position to mitigate risk and accelerate growth in the biomanufacturing space.

Lóránd Szabó, Managing Director of Eleszto Genetika Kft., stated, “Over the past two decades, we have developed hundreds of microbial strains for the production of biopharmaceuticals, nutraceuticals, and cosmeceuticals. By joining forces with Solar Biotech and GPC Bio, we can efficiently transition products from laboratory scale to commercial production, overcoming the typical hurdles faced by non-integrated organizations.”

Peter Rosholm, owner of EG, GPC Bio and Pictor Biotech (dba SOLARBIOTECH) emphasized: “I am fully committed to investing in and to accelerate the commercial development of sustainable biomanufacturing technologies. By combining SOLARBIOTECH, GPC Bio, and EG under one umbrella, we are uniquely positioning our teams to thrive in this rapidly growing sector. We have a strong, client-focused and diverse organization with very experienced management, and this commitment adds significant funding to the existing companies’ infrastructure.”

About the Companies

Executive Management of the three companies will continue to serve in their respective leadership roles. Peter Rosholm will exclusively serve the organization from an owner and investor capacity.

SOLARBIOTECH (“SBC”), based in Norton, VA, USA, offers world-class expertise in microbial and animal and plant cell precision fermentation and downstream processing across various scales. Leveraging 18 acres of industrial park infrastructure in Southwest Virginia, SBC consistently delivers innovative synthetic biology bioprocesses and products for its partners.

GPC Bio (“GPC”), headquartered in La Rochelle, France, specializes in the design, automation, software control, engineering, and fabrication of biomanufacturing equipment for the biopharmaceutical, food tech, and beverage industries. For nearly two decades, GPC Bio has delivered state-of-the-art systems to some of the biggest names in industrial biotech and biopharma.

Eleszto Genetika Kft. (“EG”), based in Budapest, Hungary, brings nearly two decades of expertise in R&D for advanced industrial microbial strains. EG’s portfolio includes microbial strains from engineered yeasts, bacteria, and filamentous fungi for producing a wide range of biopharmaceuticals, nutraceuticals, and cosmeceuticals, supported by cutting-edge infrastructure in the heart of the European Union.

For Further Information, Please Contact:

Altair Engineering Inc. Stockholders Approve Proposed Merger with Siemens

TROY, Mich., Jan. 23, 2025 /PRNewswire/ — Altair Engineering Inc. (“Altair“) (Nasdaq: ALTR), a global leader in computational intelligence, today announced that its stockholders voted at a special meeting to adopt the merger agreement with Siemens Industry Software Inc. (“Siemens Industry“), a subsidiary of Siemens AG (“Siemens AG“).

The final voting results for the special meeting will be filed in a Form 8-K with the U.S. Securities and Exchange Commission (the “SEC“) on January 22, 2025.

As previously announced, under the terms of the merger agreement, Siemens Industry will acquire all of the outstanding shares of Altair’s common stock for $113.00 per share in cash. Upon completion of the transaction, Altair’s securities will no longer be listed on any public stock exchange.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com

About Siemens

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably. In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

Forward Looking Statements

This communication contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. Any statements contained in this communication that are not statements of historical fact, including statements regarding the proposed transaction, including the expected timing and closing of the proposed transaction; Altair’s ability to consummate the proposed transaction; the expected benefits of the proposed transaction and other considerations taken into account by the Altair Board of Directors in approving the proposed transaction; the amounts to be received by stockholders and expectations for Altair prior to and following the closing of the proposed transaction, may be deemed to be forward-looking statements. All such forward-looking statements are intended to provide management’s current expectations for the future of Altair based on current expectations and assumptions relating to Altair’s business, the economy and other future conditions. Forward-looking statements generally can be identified through the use of words such as “believes,” “anticipates,” “may,” “should,” “will,” “plans,” “projects,” “expects,” “expectations,” “estimates,” “forecasts,” “predicts,” “targets,” “prospects,” “strategy,” “signs,” and other words of similar meaning in connection with the discussion of future performance, plans, actions or events. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict. Such risks and uncertainties include, among others: (i) the timing to consummate the proposed transaction, (ii) the risk that a condition of closing of the proposed transaction may not be satisfied or that the closing of the proposed transaction might otherwise not occur, (iii) the risk that a regulatory approval that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated, (iv) the diversion of management time on transaction-related issues, (v) risks related to disruption of management time from ongoing business operations due to the proposed transaction, (vi) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of Altair, (vii) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Altair to retain customers and retain and hire key personnel and maintain relationships with its suppliers and customers, (viii) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement, (ix) unexpected costs, charges or expenses resulting from the merger, (x) potential litigation relating to the merger that could be instituted against the parties to the merger agreement or their respective directors, managers or officers, including the effects of any outcomes related thereto, (xi) worldwide economic or political changes that affect the markets that Altair’s businesses serve which could have an effect on demand for Altair’s products and impact Altair’s profitability and (xii) disruptions in the global credit and financial markets, including diminished liquidity and credit availability, changes in international trade agreements, including tariffs and trade restrictions, cyber-security vulnerabilities, foreign currency volatility, swings in consumer confidence and spending, raw material pricing and supply issues, retention of key employees, increases in fuel prices, and outcomes of legal proceedings, claims and investigations. Accordingly, actual results may differ materially from those contemplated by these forward-looking statements. Investors, therefore, are cautioned against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in Altair’s filings with the SEC, including the risks and uncertainties identified in Part I, Item 1A – Risk Factors of Altair’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (which is available at https://www.sec.gov/ix?doc=/Archives/edgar/data/0001701732/000095017024018804/altr-20231231.htm ) and in Altair’s other filings with the SEC (which are available on Altair’s website at https://investor.altair.com/financials/quarterly-results). The list of factors is not intended to be exhaustive.

These forward-looking statements speak only as of the date of this communication, and Altair does not assume any obligation to update or revise any forward-looking statement made in this communication or that may from time to time be made by or on behalf of Altair.

Contacts:

Investor Relations:
Stephen Palmtag
+1 669-328-9111
spalmtag@altair.com 

Media Relations:
Jennifer Ristic
+1 216-849-3109
jristic@altair.com

Infinitus Honored as “China Top Employer” for Five Consecutive Years

GUANGZHOU, China, Jan. 23, 2025 /PRNewswire/ — On the evening of January 16, 2025, the annual “China Top Employers” list was announced. Infinitus secured the coveted title of “China Top Employer 2025” for the fifth year in a row.

Infinitus honored as "China Top Employer 2025"
Infinitus honored as “China Top Employer 2025”

In an environment characterized by constant technological progress, economic change and evolving social dynamics, organizations and individuals alike face myriad challenges. The recognition fully demonstrates Infinitus’ commitment to creating an outstanding workplace in the midst of these challenging circumstances. It also highlights the remarkable achievements that have been made in partnership with its employees. Below we take a closer look at the reasons why Infinitus was praised by the authorities in this year’s certification.

Revitalizing Corporate Culture and Enhancing Team Synergy

  • Our corporate culture permeates every aspect of team collaboration, fostering seamless integration.
  • Management takes the lead in cultural introspection through listening to employee feedback, acting on collective consensus, and unleashing the true potential of our cultural ethos.
  • Cultural ambassadors and workshops are crucial in preserving the authenticity and vitality of our practices, enriching our cultural narrative.
  • Through engaging cultural stories, animations, and workplace adornments, we ensure our culture is not only engaging but also unforgettable, captivating the eyes, minds, and hearts of our employees.

Elevating Learning and Development: Empowering Employees for Continuous Achievement

  • Infinitus champions the continuous learning and growth of its employees, urging them to actively embrace organizational transformation and seek opportunities for personal and professional growth.
  • The Infinitus Learning Season saw over 2,700 participants, collectively logging more than 5,000 hours of learning, enriching their knowledge and skills across various domains.
  • In alignment with strategic talent needs, initiatives like the internal mobility program energize our workforce, encouraging active participation in organizational developments and facilitating personal breakthroughs.
  • Geek contests and stories celebrate small successes, motivating a collective pursuit of excellence.

Fostering a Vibrant and Healthy Work Environment

  • Infinitus embraces healthy and joyful work practices, creating a fulfilling workplace experience that accompanies employees throughout their career journey through a multitude of engaging programs and activities.
  • Activities range from wellness drink tasting and spatial exploration games to work celebrations and family gatherings during Mid-Autumn festival, ensuring enjoyment at every stage of employment.
  • A variety of seasonal sports programs, including basketball, boxing, rock climbing, swimming, and ice skating, cater to every athletic interest.
  • Wellness days, mental health counseling platforms, and anti-fraud workshops provide a robust foundation for employee well-being and happiness.

The “China Top Employer 2025” certification serves as a testament to the recognition and encouragement for Infinitus’ unwavering dedication to talent development and employee career advancement. Looking ahead, Infinitus remains committed to fostering a sense of pride and identity among its employees, uniting to build a healthier and happier life for all.

BLUETTI Powers Wildfire Relief in Los Angeles with Portable Energy Solutions

LAS VEGAS, Jan. 23, 2025 /PRNewswire/ — BLUETTI, a global leader in portable energy solutions, is supporting the Los Angeles wildfire crisis by donating 31 solar generators, providing essential power to first responders and impacted communities and ensuring efficient rescue and recovery efforts.

LAFD personnels transporting BLUETTI supplies for wildfire relief
LAFD personnels transporting BLUETTI supplies for wildfire relief

Devastating wildfires have impacted the greater Los Angeles area, resulting in 28 fatalities and burning over 40,600 acres, displacing thousands of residents. In response to this crisis, BLUETTI has partnered with the Los Angeles Fire Department (LAFD), community influencers and volunteers to donate 31 portable power stations, ensuring that first responders and affected communities have reliable power for critical operations and recovery. These donations included 6 units of EP500, delivering stable, 5,120Wh high-capacity power to emergency backup in critical situations. Compact models such as the Pioneer MD (AC180T) and AC2P were also supplied to support rapid mobility and essential needs for both responders and evacuees.

Beyond the donation, volunteers like Sunjay Kumar and Kevin Graves played a key role in delivering power stations and guiding first responders. Their contributions highlight the collective effort and spirit of solidarity within the BLUETTI Community.

Recognizing the increasing frequency and severity of natural disasters across the U.S., from California wildfires to Texas winter storms, BLUETTI remains dedicated to consistently offering proactive support to communities in need.

  • BLUETTI Aid

BLUETTI invites local communities and nonprofit organizations in need of power solutions for relief efforts to get in touch for support. Please contact Sean Wang, BLUETTI’s North America Business Lead, at 917-287-8636 or email sean.wang@bluetti.com for assistance.

  • 36-hour Expedited Pick-up Services

To ensure access to essential power, a special 36-hour BLUETTI Pick-up Service has been introduced at the California warehouse. This initiative aims to ensure that individuals and organizations in need of emergency power can access it as quickly as possible.

Standing Together 

The belief in the power of community and compassion drives BLUETTI’s efforts. Support is extended to those affected by the ongoing wildfires in California and the winter storms in Texas and and Gulf Coast, with a commitment to aiding recovery efforts. Assistance inquiries can be directed through Bluetti Contact Sean Wang or by visiting the BLUETTI Pick-up page for expedited collection in CA. 

Together, the challenges of this time can be navigated, fostering stronger and more resilient communities.

About BLUETTI

Founded in 2009, BLUETTI is a pioneer force in clean energy technology, committed to a sustainable future by providing green and independent energy storage solutions for every household. With a strong focus on innovation and customer needs, BLUETTI has gained the trust of 3.5 million customers and established a presence in over 110 countries & regions. Through initiatives like the LAAF (Lighting An African Family) Program, BLUETTI is dedicated to bringing power to millions of African families in off-grid areas. 

CONTACT: Ellen Lee, ellenlee@bluetti.com

Acer Debuts Three New Durable Chromebooks for Education Market

Also announced is the new Acer Chromebook Tab 311 for versatile study or play

Editor’s Summary

  • Acer Chromebooks feature new reinforced designs to protect schools’ investment, including serviceable, keyboards, I/O ports and a rubber bumper design to protect the already durable MIL-STD 810H[1,2]-compliant devices and reduce their total cost of ownership.
  • The dedicated Quick Insert key encourages student creativity and efficiency by providing one-touch access to tools, menus, and other applications.
  • The three new Acer Chromebook laptops come with Wi-Fi 7 connectivity and a range of options, such as 4G LTE, touch displays, premium webcams and USI 2.0 garaged styluses on convertible models, ensuring schools and students get the best-suited devices for their needs and budgets.
  • Built for productivity and creativity that lasts, the new Acer Chromebook Tab 311 offers up to 10 hours of battery life, an optional embedded USI 2.0 stylus pen, a magnetic keyboard and touchpad, military-grade durability casing, and high mega-pixel cameras.

LONDON, Jan. 23, 2025 /PRNewswire/ — Acer today expanded its line of Chromebook offerings for education with three new laptops plus one tablet model, all with brand new features to enhance reliability, versatility, and total cost of ownership, alongside performance technology to positively impact the school environment and promote student success.

“Acer Chromebooks have become an integral part of the school day for K-12 students,” said James Lin, General Manager, Notebooks, Acer Inc. “Our new line of Acer Chromebooks for school settings continues to build on the promises of collaboration, tech-readiness and access to information students need, while ensuring teachers and administrators provide the tools needed for students to succeed.”

Acer Chromebooks: Adaptable and Durable Classroom Companions

Acer has expanded its line of Chromebooks for education with three updated models: the Acer Chromebook Spin 512 (R857T) convertible with a 12.2-inch display, the Acer Chromebook Spin 511 (R757T) convertible with an 11.6-inch display, and the Acer Chromebook 511 (C737) clamshell with an 11.6-inch display. Powered by up to the latest Intel® N250 processors, these three Acer Chromebooks come with the new Quick Insert key to easily access helpful ChromeOS features, new durability features to protect schools’ investments, and several technology options that enhance the student experience.

Student Uptime Maximized with Upgraded Durability Features

The new Acer Chromebook design provides maximum structural integrity to prevent damage, even when mishandled. They feature reinforced brackets along the LCD panel and I/O ports to withstand rough handling and repeated use. The redesigned USB Type-C port is modular to allow for quicker repairs and replacements, reducing downtime as well as the total cost of ownership (TCO). The port is also clearly marked to help students easily identify it for charging.

Each new Chromebook has a serviceable keyboard that can be completely removed and replaced with just the removal of the two screws. The keyboard has mechanically anchored keys that are difficult for students to remove, but simple for IT personnel to repair. It is spill-resistant, thanks to a unique drainage system that helps protect the internal components from up to 330 ml (11 oz) of water spills[3]. The new Chromebooks also feature a dual rubber feet design with rounded edges for a comfortable, secure grip when transporting them.

Like all of Acer’s Chromebooks for K-12 environments, these systems have impact-resistant exteriors that meet MIL-STD 810H[4] testing standards to withstand daily trials. They feature a reinforced internal honeycomb structure and a corner design with a shock-absorbent bumper so they are protected from drops as high as 122 cm (48 inches). Finally, the new Acer Chromebooks are ASTM Toy Safety Compliant[5], making them safe to share with younger children. 

Ideal Choices for K-12 Students and Their Teachers

Featuring a classic clamshell design, the new Acer Chromebook 511 is an excellent platform for introducing technology to young learners. Incredibly compact and easy to store and move, it is ideal for students in lab settings and 1:1 programs. The 11.6-inch LED-backlit display with IPS technology is available in either Full HD (1920×1080) or HD (1366×768) resolutions, with touch and non-touch options to meet school districts’ varying needs and budgets.

The two new convertible models feature 360-degree hinges, allowing them to be used in various settings, including tablet mode for reading and taking notes. The Acer Chromebook Spin 511 has an 11.6-inch IPS display in a 16:9 format, available in either FHD (1920×1080) or HD (1366×768) resolutions. The Acer Chromebook Spin 512 has a productivity-boosting 12.2-inch WUXGA (1920×1200) resolution IPS display with a 16:10 aspect ratio. Both convertible Chromebooks feature Antimicrobial[6] Corning® Gorilla® Glass touch displays as well as an optional USI 2.0 stylus that can be charged in the integrated garage, so students can take notes, sketch, write and paint with ease. The Acer Chromebook Spin 512 display is TÜV Rheinland Eyesafe®-certified to help reduce harmful blue light.

These three new Chromebooks provide up to 10 hours[7] of battery life with fast-charging capabilities.

Certified Eco-Friendly

The new Acer Chromebooks feature PCR plastics for reduced environmental impact, sustainable eco-friendly molded pulp packaging, and energy-efficient designs. They also include a moisture-resistant OceanGlass touchpad made from recycled ocean-bound plastic, are EPEAT registered, and Energy Star and TCO-certified.

Connectivity Abounds

The new Acer Chromebooks laptops ensure students will experience secure, reliable and fast internet connections with either Wi-Fi 7 or Wi-Fi 6E, or can choose the optional integrated 4G LTE[8] connectivity to provide fast, reliable access to educational apps even without a Wi-Fi connection. The new premium 1080p webcams ensure high-quality video during online classes, while Blue Glass Lens and Temporal Noise Reduction technology further improve the images, even in low-light conditions. All three new Acer Chromebook laptops include a webcam shutter to protect student privacy, while the two convertible models – the Chromebook Spin 512 and Chromebook Spin 511 – provide the option for high-resolution world-facing cameras.

The new Acer Chromebook laptops feature both HDMI and two USB Type-C ports, ensuring flexibility without sacrificing charging convenience. Plus, they support both wireless Cast Moderator and projection via HDMI, allowing students to smooth cast to the display upon teacher approval.

Chrome Education Upgrade, Zero-Touch Enrollment Streamline Teaching, IT Administration

The new Acer Chromebook devices are available to schools and school districts with Chrome Education Upgrade, enhancing deployment, onboarding, security and IT support for an entire fleet of Chromebooks. It helps protect sensitive data, so that administrators, teachers and students can focus on utilizing their Chromebooks for learning[9]. IT departments can easily manage devices at scale, conduct admin support, and have new Acer Chromebooks automatically enrolled at school sites through zero-touch enrollment.

Acer Chromebook Tab 311: Seamless Versatility for Study and Play

The education-oriented Acer Chromebook Tab 311 offers a simple, affordable, and secure computing experience for students. Whether they are taking notes, streaming videos, or collaborating with peers, the new Acer Chromebook tablet is built to power users through the day with a long-lasting battery and reliable performance in a sleek, portable design.

Powered by a MediaTek Kompanio 520 processor, the Acer Chromebook Tab 311 ensures smooth and efficient performance. With up to 128 GB of storage and up to 8 GB LPDDR4X memory, along with a MicroSD card slot that supports up to 2 TB, the tablet is primed to handle demanding workloads with ease. The 10.95-inch IPS display features WUXGA (1920×1200) resolution and an in-cell touch panel, bringing vibrant visuals with a 60 Hz refresh rate. Dual speakers enhance the multimedia experience, making it a flexible option for both study and entertainment use.

It is designed to be durable and portable, measuring just 9.05 mm in thickness and weighing 610 grams. It meets the MIL-STD 810H military-grade durability standard, ensuring device protection for daily use. The Acer Chromebook tablet is also equipped with a heavy-duty 8,000 mAh battery that can provide more than 10 hours of battery life, helping students stay productive throughout long school days.

Students and parents would appreciate the versatility it brings to meet the demands of today’s modern education setups. The Acer Chromebook Tab 311 comes with an optional dockable USI 2.0 stylus, a folio keyboard, along with an optional portfolio case with an adjustable multi-angle stand, letting students easily switch between typing, drawing, and viewing modes. It also features a 2 MP front-facing camera and a 5 MP rear camera with auto-focus, making it a great companion for online classes and capturing important moments and information. Connectivity-wise, the tablet includes Wi-Fi 6 and Bluetooth 5.3, with an optional 4G LTE device connection for on-the-go internet access.

Price and Availability

The Acer Chromebook Spin 512 (R857T) will be available in North America in Q1, starting at USD 529.99; in EMEA in March, starting at EUR 349, and in Australia in Q2, starting at AUD 779.

The Acer Chromebook Spin 511 (R757T) will be available in North America in Q1, starting at USD 499.99; in EMEA in March, starting at EUR 329, and in Australia in Q2, starting at AUD 749.

The Acer Chromebook 511 (C737) will be available in North America in Q1, starting at USD 429.99; in EMEA in March, starting at EUR 299, and in Australia in Q2, starting at AUD 579.

The Acer Chromebook Tab 311 will be available in North America in Q2, starting at USD 329; in EMEA in Q2, starting at EUR 329, and in Australia in Q2, starting at AUD 349.

Exact specifications, prices, and availability will vary by region. To learn more about availability, product specifications and prices in specific markets, please contact your nearest Acer office via www.acer.com.

Specifications

Name

Acer Chromebook 511

Model

C737/C737T/C737L/C737LT/C737-TCO/C737T-TCO/C737L-TCO/C737LT-TCO

Operating System

ChromeOS, ChromeOS with Chrome Education Upgrade, ChromeOS with Chrome Enterprise
Upgrade

Processors

Intel® Processor N150 and Intel® Processor N250

Graphics

Intel® Graphics

Display

11.6-inch FHD (1920×1080) 16:9 aspect ratio, wide viewing angle up to 170-degrees, optional
touch display

11.6-inch HD (1366×768), 16:9 aspect ratio, wide viewing angle up to 170-degrees, optional
touch display

Memory

Up to 8 GB LPDDR5X SDRAM

Storage

Up to 128 GB UFS or eMMC storage

Camera

1080p FHD (1920×1080) video front-facing webcam with Privacy Shutter or

720p HD (1280×720) video front-facing webcam with Temporal Noise Reduction technology
and Privacy Shutter

Audio

Dual speakers, dual microphones

Ports

Service IO ports, Two USB Type-C (supports USB charging and DisplayPort), Two USB 3.2 Gen
1 (one USB 3.2 on models with LTE), HDMI 1.4 with HDCP support, Headphone/speaker jack

Battery

53 Wh 3-cell Li-ion battery, fast charging; provides battery life of up to 10 hours (FHD panel
model)

Wireless and
Networking

Wi-Fi 7 or Wi-Fi 6E, Bluetooth 5.3, Optional LTE

Durability Features

MIL-STD 810 standard compliant, Spill-resistant keyboard, Serviceable keyboard with
mechanically anchored keys, Brackets to reinforce LCD panel; Rubber bumper design,
Reinforced I/O ports and corner design, Moisture resistant touchpad, Reinforced 360-degree
hinges

Security

Discrete H1 Trusted Platform Module for Chromebook, Kensington Lock

Compliance

EPEAT®-registered, TCO, MIL-STD810H, Energy Star®, ASTM Toy Safety

Dimensions and
weight

292.3 (W) x 205 (D) x 19.5/20.95 (H) mm  [11.51 x 8.07 x 0.77/0.82 inches]; 1.3kg [2.87 lbs]

 

 

Name

Acer Chromebook Spin 511

Model

R757T/R757TN/R757LT/R757LTN/R757T-TCO/R757TN-TCO/R757LT-TCO/R757LTN-TCO

Operating System

ChromeOS, ChromeOS with Chrome Education Upgrade, ChromeOS with Chrome Enterprise
Upgrade

Processors

Intel® Processor N150 and Intel® Processor N250

Graphics

Intel Graphics

Display

11.6-inch FHD (1920×1080) 16:9 aspect ratio  with integrated multi-touch

11.6-inch HD (1366×768), 16:9 aspect ratio with integrated multi-touch, Antimicrobial
Corning® Gorilla® Glass

Accessory

Optional USI 2.0 garaged active stylus

Memory

Up to 8 GB LPDDR5X SDRAM

Storage

Up to 128 GB UFS or eMMC storage

Camera

1080p FHD (2560×1920) webcam with Privacy Shutter

720p HD (1280×720) webcam with Temporal Noise Reduction technology and Privacy Shutter

Audio

Dual speakers, dual microphones

Ports

Service IO ports, Two USB Type-C (supports USB charging and DisplayPort), Two USB 3.2 Gen
1 (one USB 3.2 on models with LTE), HDMI 1.4 with HDCP support,

Headphone speaker jack

Battery

53 Wh 3-cell Li-ion battery, fast charging; provides battery life up to 10 hours (FHD panel
model)

Wireless and
Networking

Wi-Fi 7 or Wi-Fi 6e, Bluetooth 5.3, Optional LTE

Durability
Features

MIL-STD 810 standard compliant, spill-resistant keyboard, Serviceable keyboard with
mechanically anchored keys, Brackets to reinforce LCD panel; Rubber bumper design,
Reinforced I/O ports and corner design, Moisture resistant touchpad, Reinforced 360-degree
hinges

Security

Discrete H1 Trusted Platform Module for Chromebook; Kensington Lock

Compliance

EPEAT®-registered, TCO, MIL-STD810H, Energy Star®, ASTM Toy Safety

Dimensions and
weight

294 (W) x 211 (D) x 19.5/20.7 (H) mm [11.57 x 8.31 x 0.77/0.81 inches] 1.4 kg [3.09 lbs]

 

Name

Acer Chromebook Spin 512

Model

R857T/R857TN/R857LT/R857LTN/R857T-TCO/R857TN-TCO/R857LT-TCO/R857LTN-TCO

Operating System

ChromeOS, ChromeOS with Chrome Education Upgrade, ChromeOS with Chrome Enterprise
Upgrade

Processors

Intel® Processor N150 and Intel® Processor N250

Graphics

Intel Graphics

Display

12.2-inch WUXGA (1920×1200), 16:10 aspect ratio, with integrated multi-touch, Antimicrobial
Corning® Gorilla® Glass

Accessory

Optional USI 2.0 garaged active stylus

Memory

Up to 8 GB LPDDR5X SDRAM

Storage

Up to 128 GB UFS or eMMC storage

Camera

1080p FHD (1920×1080) webcam with Temporal Noise Reduction technology and Privacy
Shutter or

720p HD (1280×720) webcam with Temporal Noise Reduction technology and Privacy Shutter

World-facing 8MP (3246×2448) camera

Audio

Dual speakers, dual microphones

Ports

Service IO ports, Two USB Type-C (supports USB charging and DisplayPort), Two USB 3.2 Gen
1 (one USB 3.2 on models with LTE), HDMI 1.4 with HDCP support,

Headphone speaker jack, nano SIM slot

Battery

53 Wh 3-cell Li-ion battery, fast charging; provides battery life up to 10 hours (WUXGA panel
model)

Wireless and
Networking

Wi-Fi 7 or Wi-Fi 6E, Bluetooth 5.2 or above, Optional LTE

Durability
Features

MIL-STD 810 standard compliant, spill-resistant keyboard, Serviceable keyboard with
mechanically anchored keys, Brackets to reinforce LCD panel; Rubber bumper design,
Reinforce I/O ports and corner design, Moisture resistant touchpad, Reinforced 360-degree
hinges

Security

Discrete H1 Trusted Platform Module for Chromebook; Kensington Lock

Compliance

EPEAT®-registered, TCO, MIL-STD810H, Energy Star®, ASTM Toy Safety

Dimensions and
weight

294 (W) x 215 (D) x 19.5/20.7 (H) mm [11.57 x 8.46 x 0.77/0.81 Inches] 1.5kg [3.31 lbs]

 

Name

Acer Chromebook Tab 311

Model

D723N/D723NL/CW311-3HN

Operating System

ChromeOS

Processors

MediaTek Kompanio 520 Octa-Core processor

Graphics

UMA

Display

10.95-inch WXGA (1920×1200) IPS USI.20

Stylus

Optional USI 2.0 garaged active stylus

Memory

Up to 8 GB LPDDR4X RAM

Storage

Up to 128 GB eMMC storage

Camera

Rear: 5 MP, auto-focus camera

Front: 2 MP webcam

Audio

Dual stereo speakers

Ports

USB Type-C, MicroSD card reader supporting up to 2 TB, Audio jack

Battery

Up to 10 hours battery life, 8,000 mAh battery capacity  

Connectivity

Wi-Fi 6, Bluetooth 5.3 or above, 4G LTE (optional)

Compliance

MIL-STD 810H certification compliant, EPEAT Gold, TCO 10.0, EU 1669/1670

Dimensions and
weight

267.2 (W) x 173.88 (D) x 9.05 (H) mm, 610 g

 

About Acer  

Founded in 1976, Acer is one of the world’s top technology companies with a presence in more than 160 countries. The company continues to evolve by embracing innovation across its offerings, which include computers and displays, while branching out to new businesses. Acer is also committed to sustainable growth, exploring new opportunities that align with its environmental and social responsibilities. The Acer Group employs over 8,000 employees that contribute to the research, design, marketing, sales and support of products, solutions, and services that break barriers between people and technology. Visit www.acer.com for more information.

© 2025 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

[1] Tested by qualified 3rd party labs for certain tests procedure under MIL-STD 810H (Oct 2008) for environmental conditions that include high and low temperatures, humidity, vibrations, mechanical shocks on drops, rain, dust and sand.

[2] Sand and Dust testing based on MIL-STD 810F.

[3] Up to 330 ml (11 fluid ounces) of water

[4] Sand and Dust testing based on MIL-STD 810F. MIL-STD 810G/H is a testing protocol conducted in controlled settings and does not guarantee future performance in all situations. Do not attempt to simulate these tests, as damage resulting from this will not be covered by Acer’s standard warranty.

[5] These Acer Chromebooks have been designed and tested to meet UL/IEC 60950-1 safety standard, investigated by UL 696 safety electric toys and meets the ASTM F963 toy safety for kids over 3 years old. For more information visit: https://www.astm.org/Standards/F963.htm

[6] All antimicrobial solutions, including Antimicrobial Corning® Gorilla® Glass, do not protect or provide users any direct or implied health benefits.

[7] Battery life may vary based on device and upon usage and other conditions.

[8] Specification may vary depending on model and/or region.

[9] Children should use their Google Workspace for Education account when accessing Google Services for school.