36.1 C
Vientiane
Friday, April 25, 2025
spot_img
Home Blog Page 777

Experience The Ultimate Adrenaline Rush With Thrill Coaster Singapore Vr Pods At Madame Tussauds Singapore


SINGAPORE – Media OutReach Newswire – 9 January 2025 – Madame Tussauds Singapore is thrilled to announce the launch of its newest and most exhilarating experience, the Thrill Coaster Singapore.

Photo by Madame Tussauds Singapore
Photo by Madame Tussauds Singapore

Madame Tussauds Singapore is taking excitement to the next level with the launch of Thrill Coaster Singapore, a state-of-the-art virtual reality experience designed to immerse visitors in heart-pounding, high-speed adventures like never before.

The Thrill Coaster Singapore is a cutting-edge virtual reality immersive entertainment, blending high-speed thrills with stunning virtual reality environments. Designed to captivate both thrill-seekers and tech enthusiasts, riders will feel the rush of high-speed coaster action while virtually soaring above the city’s most famous landmarks around Marina Bay area, offering a unique perspective of the vibrant cityscape.

“We’re thrilled to introduce ThrillCoaster VR Pods as part of our ongoing commitment to delivering innovative and immersive entertainment. This is more than a ride— it’s an immersive experience that showcases the beauty of Singapore from a whole new angle,” said Steven Chung, General Manager of Madame Tussauds Singapore. “This ride will be a truly unique adventure for our guests.”

What Makes Thrill Coaster Singapore Unmissable?

  • Immersive Virtual Reality: Step into a vividly detailed world where you’re at the center of the action.
  • Dynamic Motion Simulation: Feel every twist, turn, and drop for an adrenaline-fueled experience.
  • Family-Friendly Fun: With multiple themed adventures, there’s something for thrill-seekers of all ages.
  • Exclusive Singapore Setting: Perfectly complementing our mix of interactive attractions.

Don’t miss this chance to be part of the action. Thrill Coaster Singapore is now open at Madame Tussauds Singapore, promising non-stop fun for families, friends, and adventure enthusiasts alike. Tickets for the Thrill Coaster VR Ride are available from starting price of $12 and is available from https://madametussauds.com/singapore/tickets. Do follow Madame Tussauds Singapore social media for updates .
Hashtag: #MadameTussauds




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

About Madame Tussauds Singapore

Located at Imbiah Lookout, Sentosa, Madame Tussauds Singapore opened in October 2014, and features variety of interactive experiences under one roof; from Madame Tussauds Singapore, to Images of Singapore, to “Spirit of Singapore” boat ride – the only Madame Tussauds site to have a boat ride, the Marvel Universe 4D Cinema, and lastly the Ultimate Film Star Experience!

Featuring 12 incredible zones from glamourous Hollywood actors to your favorite K-pop stars, artists, musicians and sports heroes, the incredible Madame Tussauds Singapore houses over75 wax figures. The gallery of wonder is so much more than an exciting attraction – where guests will get to experience our immersive and interactive technologies at every corner!

Madame Tussauds Singapore welcomes guests from 10am to 7pm daily (final admission at 6pm). For ticket enquiries, please call (65) 6715 4000 or visit .

Gold’s Stellar Growth May Have Reached its Finale, Says VT Markets Latest 2025 Q1 Economic Outlook


HONG KONG SAR – Media OutReach Newswire – 9 January 2025 – Award-winning brokerage VT Markets, a global leader in financial services, has released its 2025 Q1 Economic Outlook. In the report, the broker spotlights the remarkable trajectory of gold in 2024 and its potential market performance in the coming year. The report further delves into key drivers of gold’s price movement; an explainer on why the precious metal is regarded as a safe-haven asset amidst heightened global uncertainty last year.

2024: A Record-Breaking Year for Gold

Gold first emerged as a focal point for investors in 2024, reaching unprecedented heights of $2,790 per ounce during the U.S. presidential election period. Unsurprisingly, this all-time high was propelled by market volatility and escalating geopolitical tensions. While gold prices retraced by over $200 following the election, prices stabilised above $2,600 per ounce, closing the year with a noteworthy 27% annual gain. VT Markets highlighted this as a testament to gold’s resilience and its pivotal role in hedging against uncertainty.

Key Catalysts for Gold’s Stellar Performance

The VT Markets‘ research desk attributes gold’s extraordinary performance to three primary factors:

Central Bank De-Dollarisation

Gold demand surged as BRICS nations, including China and Russia, advanced de-dollarisation initiatives. Gold reserves within these economies climbed from 4,360 metric tons in 2018 to nearly 5,550 metric tons by 2024. Emerging markets, such as Turkey, Poland, and India, also contributed significantly to central bank gold purchases—a trend forecasted to continue into 2025 with expected demand exceeding 500 tons.

Geopolitical Instability Elevating Safe-Haven Demand

The irreversible trend of de-globalisation has heightened geopolitical risks, which in turn has further cementing gold’s allure. For one, the re-election of Donald Trump as U.S. President and his unilateral policy approaches are likely to perpetuate uncertainty this year. While short-term peace initiatives, such as potential Russo-Ukrainian negotiations, may temporarily temper gold prices, VT Markets foresees sustained demand due to the prolonged nature of geopolitical conflicts.

The Federal Reserve’s Monetary Policy Shift
The Federal Reserve’s pivot to rate cuts in September 2024 also sparked renewed interest in gold. Historical trends indicate that gold prices typically peak within two quarters of a rate cut cycle. VT Markets predicts that gold will retain upward momentum through early 2025, though its annual growth may taper as markets absorb the impact of monetary easing.

Looking Ahead: Stabilisation Amid Uncertainty

While 2024 was undeniably a banner year for gold, VT Markets anticipates a period of consolidation in 2025. The research team projects a high yet steady price trajectory, with reduced volatility compared to the previous year’s highs. Despite this, gold remains a critical asset in diversified investment strategies, particularly in uncertain economic climates.

Hashtag: #VTMarkets #CFDs #CFDsbrokers #XAUUSD #xauusdtrader



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

GJEPC And De Beers Group Forge Strategic Collaboration to Promote Natural Diamonds

As India becomes the world’s fastest growing major diamond jewellery market, industry leaders De Beers Group and GJEPC will collaborate to support the gem and jewellery trade with education and promotional assets to support the natural diamond narrative


MUMBAI, INDIA – Media OutReach Newswire – 9 January 2025 – De Beers Group, the world’s leading diamond company, and the Gem & Jewellery Export Promotion Council (GJEPC), India’s apex jewellery trade body, today announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade.

The collaboration titled, INDRA – Indian Natural Diamond Retailer Alliance, will focus on supporting independent retailers in India with tools that go beyond the conventional. For example, leveraging Artificial Intelligence to create customized retailer campaigns. From multi-lingual marketing assets to immersive storytelling and superior customer experiences, as well as in-depth natural diamond jewellery training in local languages, it will support India’s jewellery retailers with the tools they need to make sure that natural diamonds resonate deeply with every consumer who walks through their doors. Interactive roadshows regarding the collaboration will commence in January 2025, at which GJEPC members will be able to enrol in the programme.

Vipul Shah, Chairman, GJEPC, said, “The Indian gem and jewellery market, currently valued at USD 85 billion, is poised for rapid growth, projected to reach USD 130 billion by 2030. Indra is designed to harness this momentum by tapping into India’s dynamic young population, the rise of organised players, and increasing demand across bridal, everyday wear, fashion, and entry-level jewellery. This initiative reflects a shared vision to educate stakeholders, empower retailers, and boost consumer demand, all while highlighting the timeless value of natural diamonds.”

Sandrine Conseiller, CEO of De Beers Brands, said: “India’s diamond growth story is quite remarkable, and it has now become the second largest market in the world for retail sales of diamond jewellery. However, with its vibrant economy, growing young population and large number of leading diamond businesses, India still holds a wealth of untapped potential. Presently in the Indian jewellery retail sector, the penetration of natural diamonds stands at only around 10% which is well below the rate seen in mature jewellery markets such as the US. Through this new collaboration with the GJEPC we will help unlock this growing opportunity for increased consumer demand for all types of natural diamond jewellery, including bridal, everyday wear and entry level pieces.”

Retailers will be able to register for the programme on www.INDRAonline.in and will benefit from multi-lingual staff training modules focused on generic natural diamond product knowledge as well as access to a market intelligence portal. The programme will also provide customisable marketing assets and content for retailers to promote natural diamonds at a store level as they seek to enhance their returns and expand their customer base.

With 10,500+ members, GJEPC is the apex body driving India’s gem and jewellery sector. Through its three large scale IIJS Shows, as well as multiple roadshows and direct outreach activities, GJEPC has the potential to reach a broad range of the businesses comprising the Indian gem and jewellery industry. Through this collaboration, the two partners will capitalise on GJEPC’s deep understanding of the Indian market built up over five decades, combined with De Beers Group’s expertise in the diamond category.

The new collaboration follows the GJEPC’s adoption of the updated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (US). The FTC’s updated guidelines provide distinct terminology standards, supporting clarity and transparency both for industry stakeholders and consumers.

Hashtag: #DeBeersGroup

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

About De Beers Group

Established in 1888, De Beers Group is the world’s leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world’s largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group’s strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneering solutions such as diamond sourcing and traceability initiatives Tracr and GemFair. De Beers Group also provides leading services and technology to the diamond industry in the form of education and laboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to ‘,’ a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit .

About The Gem and Jewellery Export Promotion Council (GJEPC)

The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 10,500+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.

O-Level Computing Graduates to Receive Credit Exemption at NYP’s School of Information Technology

A first for the polytechnic, this exemption allows learners to free up and reallocate curriculum time. They can choose to use the freed-up periods to attain additional industry professional certifications.


SINGAPORE – Media OutReach Newswire – 9 January 2025 – Commencing April 2025, learners who pass O-level Computing and enrol into NYP’s School of IT can apply for an exemption from the Programming Competency Unit (CmU), or the poly’s equivalent of a “module”.

The credit exemption will see learners saving 60 curriculum hours over the semester – which they can spend to develop adjacent tech skills in their interest areas.

This follows a recent curriculum review that showed that both the O-level Computing subject and the Programming CmU – a foundational learning unit all first-year IT students undertake – had similar learning outcomes that overlapped.

The data also showed that over the past cohorts at NYP, more than 9 in 10 students who passed their O-level computing subject scored at least a B for their Programming CmU.

Ms Tan Soon Keow, Director of NYP’s School of Information Technology, said: “We are committed to developing every student’s potential and giving them room to grow their capabilities while pursuing their diploma studies.”

“In finding avenues to recognise prior learning and give credit exemptions to learners who are already well-versed with foundational knowledge, we hope to open new opportunities for them to pursue advanced learning in their preferred domains, while keeping to the polytechnic curriculum rigour,” she added.

Learners given the credit exemptions are encouraged to use the freed-up 60 hours to pursue professional certifications, participate in competitions or work on projects mentored by industry veterans. This flexibility allows learners to focus on areas of interest and accelerate their growth in specialised fields.

Year One Diploma in Cybersecurity & Digital Forensics student, Ker Hong Xuan, graduated with an A1 for his O-Level Computing subject in 2023. After enrolling at NYP in 2024, he obtained a Distinction[1] in the Programming CmU. He shared that he would have opted for an exemption had the programme been launched in the year he enrolled: “I love the idea of freed up curriculum time – I can join in the hackathons the School organises, and I could have gotten my Certified Ethical Hacker (CEH) certification even earlier! I think it’s really laudable that the school is allowing us to explore different IT areas with the freed-up hours,” he added.

Earlier in 2023, NYP’s School of IT also announced that all SIT students who enrol from AY2023 would graduate with at least one professional certification. These industry-recognised certificates include Amazon Web Services Certified Cloud Practitioner, Microsoft Certified: Power BI Data Analyst Associate, and Certified Entry-Level Python Practitioner. Collectively, both initiatives reinforce NYP’s dedication to creating a learning environment that empowers students, recognising their competencies while and ensuring they are equipped with the most in-demand skills to excel in the dynamic tech industry.


[1] A ‘Distinction’ grade is awarded to the top 5% of students for the CmU

Hashtag: #NanyangPolytechnic #InformationTechnology

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

About Nanyang Polytechnic

Established as an institution of higher learning in 1992, Nanyang Polytechnic’s (NYP) academic schools offer quality education and training through 37 full-time diploma courses and common entry programmes. NYP also has a full suite of Continuing Education and Training (CET) options for lifelong learning, ranging from specialist and advanced diplomas to SkillsFuture-supported modules and courses. NYP’s Asian Culinary Institute Singapore and the Singapore Institute of Retail Studies are CET institutes set up in partnership with SkillsFuture Singapore (SSG) to champion and transform Singapore’s F&B and retail sectors, respectively. A third NYP CET institute – the National Centre of Excellence for Workplace Learning – also set up in collaboration with SSG, will spearhead the development of progressive workplace learning strategies and programmes for companies here.

For more information, please visit .

SUNRATE Expands Beyond Global Payments in 2025 by Introducing New Treasury Solutions

Newly Launched “Trading and Hedging” Solutions to Empower Businesses with FX Trading, Hedging Strategies and Products


SINGAPORE – Media OutReach Newswire – 9 January 2025 – SUNRATE, the global payment and treasury management platform, kickstarts the new year by introducing new treasury solutions – “trading and hedging” for businesses worldwide. These solutions are launched through Sunrate Markets Pte. Ltd., which holds a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS).

Mr. Joshua Bao, co-founder of SUNRATE, said, “Being awarded the CMS license by MAS was an important milestone, but it was even more critical for us to go-to-market (GTM) with products and services that deliver significant value to our customers. With our vast experience in global payments and foreign exchange (FX) and the numerous product iterations based on customer feedback, we are confident that our customers will be able to leverage unparalleled global presence, accessing all their trading and hedging needs in one place.”

In addition to the CMS license, SUNRATE is one of the few companies in Singapore that also holds a MAS license as a Major Payment Institution (MPI) for Account Issuance Service, Domestic Money Transfer Service, Cross-border Money Transfer Service, Merchant Acquisition Service, and E-money Issuance Service. Its dual-license status attests to its strong compliance and governance framework, credentials, and competencies, as well as know-how, while enhancing its capabilities in the area of global B2B payments and treasury management.

Mr. Yumi Zhang, Head of Global Markets at SUNRATE, said, “With geopolitical risks set to affect the world economy and global businesses more than ever, it is imperative that we work even closer with our customers to apply various strategies to hedge and protect against any market volatility, especially in emerging markets. In addition to the fast, secure, and cost-effective global B2B payment products and services that we offer, businesses, particularly those engaged in B2B trade, will appreciate the insights and stability that we can bring to them with our new offerings.”

Hashtag: #SUNRATE

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

About SUNRATE

SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/

As at 8 January, GDA Secures 84.1% of MAHB Shares

Offer extended to 17 January 2025. Offer Price remains firm at RM11.00 Per Share

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 January 2025 – Gateway Development Alliance Sdn Bhd (“GDA“) and its shareholders (collectively, the “Consortium“) announced that as at 5:00 p.m. today, it has received valid offer acceptances of 1,385.5 million shares and a further 18.2 million shares have accepted the offer pending verification, together representing 84.1% of the total number of issued shares in Malaysia Airports Holdings Berhad (“MAHB“).

Visual

The encouraging level of acceptances by the First Closing Date, despite the intervening holiday period, moves the Consortium decisively towards satisfying the 90% acceptance condition and thus the threshold required to de-list MAHB pursuant to the Offer.

For shareholders who have yet to submit their acceptances, the Consortium wishes to highlight that the offer period has been extended from 8 January 2025 to 17 January 2025. Save for the extension, all other terms including the offer price of RM11.00 and the 90% acceptance condition remain unchanged.

RM11.00 offer price higher than any price MAHB has traded

GDA remains firm that its offer price of RM11.00 per share is highly compelling and attractive to shareholders (see Chart #11). RM11.00 is higher than any price MAHB has ever traded at and represents a 49.5% premium YTD2 and implies a Price-to-Earnings ratio of 37.7x3.

All 14 licensed equity research analysts that currently cover MAHB4 have target prices that are either lower than or equal to RM11.00, and most also explicitly recommend that shareholders accept the offer.

MAHB needs to address shortcomings to compete regionally

The Consortium reiterates its view that MAHB’s shortcomings in maintaining its core assets and systems, and prolonged history of underperformance both operationally and financially, will only be properly addressed if it is not constrained by a public market listing and is able to take a fresh approach.

A case in point is the Aerotrain at KLIA Terminal 1 which has suffered multiple service failures over the last 10 years and continues to be challenged by ongoing and unresolved issues. As it nears the second anniversary of total service suspension, the re-opening date remains uncertain.

The Consortium believes one of the root causes of MAHB’s issues is its continuous underinvestment in critical operational infrastructure and in projects to drive growth and expansion.

Over the last 5 years, MAHB spent RM1.3bn in capex compared to RM18.9bn by Singapore’s Changi, RM8.1bn by Indonesia’s Angkasa Pura and RM6.8bn by Airports of Thailand (“AOT”)5 (see Chart #2).

This prolonged underinvestment by MAHB has resulted in an ageing asset base and led to a number of high-profile operational failures. Meanwhile, the passenger experience has deteriorated markedly, as noted by Skytrax whose ranking of KLIA has plummeted from 2nd best airport in the world in 2001 to 71st in 2024. MAHB’s airports are in urgent need of significant remediation and expansion capex.

Unsurprisingly, MAHB has been losing ground in the ASEAN aviation market. Over the last 10 years, KLIA has lost passengers while key regional peers have grown significantly6 (see Chart #3). This has resulted in MAHB’s market share declining from 20% to 16%7 (see Chart #4). Throughout this time, KLIA’s regional peers, including Changi Airport in Singapore and Suvarnabhumi Airport in Bangkok, continue to make significant investments to increase their capacity and further distance themselves from KLIA.

Operational challenges have contributed to MAHB’s financial underperformance

Over a 10-year period8, MAHB has consistently underperformed listed APAC peers across a number of key financial metrics (see Charts #5 – #7):

Moreover, MAHB’s dividend has remained stagnant over the last 10 years and MAHB distributed only RM0.11 per share in 2024. This implies a 1.0% dividend yield9, which is four times lower than the KLCI Bursa Malaysia Index10 and three times lower than the DJ Airports index11 (see Chart #8). The RM11 per share offer price compares to RM0.82 of dividends MAHB has paid over the past 10 years (see Chart #9).

Consortium committed to turnaround MAHB

As highlighted in the offer document dated 6 December 2024, the Consortium intends to upgrade and modernise MAHB’s operations, enhance passenger service, improve airline connectivity and stimulate traffic growth. The Consortium believes that such objectives will be best achieved by MAHB as a private entity, taking a long-term approach to decision-making and capital investment, and benefitting from GIP’s airport expertise.

With its combined resources, control of the board and without the constraints of a public market listing, the Consortium together with management will be able to expedite necessary capital investments and provide the requisite technical expertise to realise MAHB’s full potential.

This offer presents a compelling opportunity for MAHB shareholders to achieve immediate and attractive returns and GDA therefore encourages all shareholders who have not yet accepted the offer to do so before the revised closing time and date of 5:00 p.m. (Malaysian time) on 17 January 2025.


1 15 May 2014 to 15 May 2024. Source: S&P Capital IQ.
2 Year-to-Date, relative to MAHB’s closing share price on 29 December 2023 of RM7.36.
3 Based on RM11.00 offer price and MAHB’s latest audited consolidated annual financial statements.
4 As of 1 December 2024. Excludes Hong Leong Investment Bank Berhad and UBS, who were appointed as MAHB’s independent advisers
5 Currency conversion at spot rate as at the end of each calendar year 2019, 2020, 2021, 2022 and 2023.
6 Source: Company filings
7 Includes BKK and DMK.
8 Company filings, Bloomberg (excluding Covid period i.e. FY20-22)
9 Calculated based on RM 0.11 dividends per share in 2024 divided by the offer price of RM11.00.
10 KLCI Bursa Malaysia Index as of 13 December 2024.
11 Dow Jones Brookfield Airports Infrastructure Index – yield as per December 2024 fact sheet.

Hashtag: #GatewayDevelopmentAlliance

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

Smart Hospitals: Redefining Global Healthcare with Digital Innovation

NCKUH embraces digitization, revolutionizing patient care through technology


TAIPEI, TAIWAN – Media OutReach Newswire – 8 January 2025 – Smart hospitals are at the forefront of a global transformation in healthcare, integrating advanced technologies to improve patient outcomes, enhance operational efficiency, and reduce costs. By leveraging innovations such as artificial intelligence, wearable devices, telehealth services, and big data analytics, smart hospitals are addressing critical challenges in the healthcare ecosystem and setting new benchmarks for excellence.

The Role of Smart Hospitals in Modern Healthcare

Smart hospitals represent the convergence of technology and medicine, offering a seamless and patient-centric approach to care. These facilities optimize processes and integrate data to provide:

  • Cost Reduction and Operational Excellence: Digitized workflows and automated processes minimize inefficiencies and streamline care delivery.
  • Better Patient Management: Remote patient monitoring systems and AI-driven tools enable timely interventions and better health outcomes.
  • Patient Empowerment and Access: Borderless hospital models extend care beyond traditional settings, offering virtual consultations and tailored treatment plans.

For further information, download our complimentary white paper here.

“The transition to smart hospitals is not just a trend—it’s a necessity,” noted Sowmya Srinath, Consulting Director, Healthcare and Lifesciences at Frost & Sullivan. “As global healthcare systems face mounting pressures, from rising costs to aging populations, smart hospitals provide a sustainable solution by integrating technology to enhance efficiency, improve patient outcomes, and make care more accessible.”

NCKUH: A Leading Example of Smart Hospital Innovation

National Cheng Kung University Hospital (NCKUH) in Taiwan exemplifies the transformative power of smart hospitals. NCKUH has consistently strived to embrace modernity while staying true to the founding principle of medicine: delivering quality care. Its innovations include:

1. Smart Examination Transfer System
This platform enables direct digital referrals between primary care providers and hospitals, lowering costs, and improving care coordination.

2. Stroke Patient Management
NCKUH’s web-based Endovascular Thrombectomy Transfer System has decreased stroke patient transfer times in the Tainan region to 77 minutes, significantly enhancing the likelihood of recovery and functional outcomes.

3. Smart Geriatric Rehabilitation System
Using wearable technology, NCKUH provides personalized rehabilitation for frail patients, reducing fall risks and improving overall health outcomes.

“Smart hospitals are more than just a technological upgrade—they represent a paradigm shift in how healthcare is delivered,” said Dr. Lee Jing-Wei, superintendent of National Cheng Kung University Hospital. “At NCKUH, we’re proud to lead the way by leveraging cutting-edge tools to enhance outcomes, streamline operations, and ultimately provide better care for our patients.”

As healthcare systems worldwide grapple with rising costs and growing demand, smart hospitals offer a sustainable and scalable solution. By driving operational efficiency, reducing the burden on resources, and improving care accessibility, these facilities are shaping the future of global healthcare.

Hashtag: #NCKUH #SmartHospital

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

About National Cheng Kung University Hospital

National Cheng Kung University Hospital (NCKUH) is a leading medical center in southern Taiwan. We uphold the core values of Life, Love, Excellence, and Innovation, and are dedicated to healthcare service, teaching and research. NCKUH strives to be the premier healthcare destination for the public and a nurturing environment for medical professionals.

About Frost & Sullivan

For over six decades, Frost & Sullivan has helped build sustainable growth strategies for Fortune 1000 companies, governments, and investors. We apply actionable insights to navigate economic changes, identify disruptive technologies, and formulate new business models to create a stream of innovative growth opportunities that drive future success.

Gorilla Technology in Consortium with NC Digy Smart Cities and AECOM Signs MoU to Transform Santa Marta into an AI-Powered Smart City


London, United Kingdom – Newsfile Corp. – January 8, 2025 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), in a consortium with NC Digy Smart Cities and AECOM (NYSE: ACM), is proud to announce the signing of a landmark MoU with the City of Santa Marta, Columbia. This ground-breaking collaboration marks the beginning of Santa Marta’s transformation into an AI-powered smart city, setting the stage for broader opportunities across Colombia and the Latin American region.

The MoU, coordinated in collaboration with CAF, Development of Bank of Latin America and its Executive Director Sergio Díaz-Granados Guida, was signed in a high-profile ceremony attended by Santa Marta’s Mayor, representatives of the British Government and industry leaders, underscoring a unified commitment to leveraging AI and advanced technologies to drive urban progress and economic growth.

Santa Marta AI-Powered Smart City Signing Ceremony with Gorilla Technology

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/236423_fc1fd34ee4e09b18_001full.jpg

Jay Chandan, Chairman and CEO of Gorilla Technology, stated, “The transformation of Santa Marta marks the first phase of a four-phase initiative that will revolutionize smart cities across Latin America. This 20-year contract allows us to build an end-to-end smart city, integrating AI into security, mobility, environmental monitoring and more. It’s a scalable model for other cities in the region.”

Chandan added, “We are actively engaging with over 20 cities between the United States and Latin America, to collaborate on making their urban environments smarter and more connected. This project exemplifies the power of AI to drive innovation, economic growth, and sustainable development, not just for Santa Marta, but for cities across Latin America.”

He also emphasized, “With largest gas discovery in the country’s history off Colombia’s coast, this is a pivotal moment for the country. The energy boom, combined with our smart city development, will drive a wave of economic growth and transformation, not only for Santa Marta but for the entire region.”

Chandan concluded, “As part of this initiative, we will also be bringing smart and green data centers to Colombia, supporting the digital transformation of the region while ensuring sustainability and energy efficiency.”

Jaime Andrés Niño Tarazona, Sr Vice President, LATAM Subregion, AECOM commented, “The Santa Marta Smart City initiative is not just a project; it is a catalyst for regional change. AECOM envisions this collaboration as the first step in a long-term strategy to introduce AI-powered smart solutions to cities across Colombia and Latin America. By demonstrating the power of AI and IoT to transform urban spaces, Santa Marta will serve as a model for future smart city projects across the region.”

Santa Marta: A New Era of AI-Powered Innovation

The consortium’s combined solutions will empower Santa Marta to become a benchmark for AI-driven urban transformation. By integrating Artificial Intelligence into every layer of the city’s infrastructure, the project promises to enhance safety, connectivity and operational efficiency. Key AI-driven components include:

  • AI-Enhanced Smart Lighting: Deployment of AI video analytics, environmental sensors, and advanced Wi-Fi and 5G capabilities. These systems will enable real-time data collection and analysis to improve safety, reduce energy consumption and optimise urban planning.
  • Cybersecure Communication Nodes: AI-driven cybersecurity will protect the city’s critical communication infrastructure, including nodes that integrate fibre optic connectivity and manage IoT devices. These nodes ensure secure data transmission and protect against potential cyber threats.
  • Interactive AI Kiosks: Strategically located kiosks powered by Gorilla’s AI platform will provide tourists and residents with real-time information on historical sites, local attractions, and essential city services. These kiosks will also serve as hubs for collecting AI-processed data to improve city services.
  • Smart Mobility and Parking: AI algorithms will power intelligent parking systems, congestion management tools, and real-time traffic monitoring, reducing bottlenecks and improving transportation flow across Santa Marta.
  • AI Video Analytics for Public Safety: Advanced AI-powered cameras and analytics will be deployed throughout the city to enhance public safety by detecting and analysing potential threats in real time.
  • Environmental Monitoring and Insights: AI-powered sensors will collect and analyse environmental data, including air quality, temperature and noise levels, providing actionable insights to create a healthier, more sustainable urban environment.


Catalysing Growth Across Latin America – AI, Cybersecurity and Global Collaboration

Robert J.Rodriguez, Chairman & Co-Founder, NC Digy Smart Cities, said, “The Santa Marta project highlights Gorilla Technology’s expertise in AI-driven cybersecurity and video analytics, ensuring a resilient and future-proof smart city infrastructure. This collaboration, supported by the British Government & The American Governments, underscores the importance of international partnerships in delivering scalable and secure solutions for urban challenges.”



Santa Marta: A New Era of AI-Powered Innovation in Collaboration with Gorilla Technology

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/236423_fc1fd34ee4e09b18_002full.jpg

About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. We provide a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com.

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

Investor Relations Contact:
Dave Gentry
RedChip Companies, Inc.
1-407-644-4256
GRRR@redchip.com

Hashtag: #GorillaTechnology

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