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IKEA uncovers who in the world sleeps best – and it might surprise you

MALMÖ, Sweden, Feb. 10, 2025 /PRNewswire/ — The largest IKEA report ever, surveying over 55,000 people across 57 markets, reveals that Mainland China ranks highest in sleep quality, while Norway and the USA score the lowest. The findings also highlight a global sleep gap of 1 hour and 20 minutes, with people worldwide missing out on significant rest each night – equating to over 20 full days of lost sleep annually.

IKEA Sleep Report - Quality Score ranking across the 57 markets surveyed.
IKEA Sleep Report – Quality Score ranking across the 57 markets surveyed.

Who sleeps best – and who struggles?
While Mainland China leads in sleep duration, with most averaging over 7 hours per night, Norway and the USA struggle, with Americans reporting the most disrupted sleep. 64% of Egyptians rate their sleep as good, the highest globally, while financial stress, screen time, and inconsistent routines negatively impact rest in other regions.

“Sleep is an important factor for life quality. At IKEA, we’re committed to understanding people’s sleep challenges and providing solutions – whether through smart bedroom designs, better sleep environments, or simple daily habits,” said Belén Frau, Global Communication and Positioning Manager, IKEA Retail (Ingka Group).

Why are we losing sleep?
The study identifies stress, financial concerns, and technology use as the biggest obstacles to quality sleep:

  • 40% cite stress and overthinking as their main sleep disruptors
  • 72% use phones in bed, increasing to 86% among 18-24-year-olds
  • 19% rely on medication, with 5% using it daily

A call for sleep equality
The IKEA Sleep Score exposes stark inequalities in sleep quality, with financially insecure individuals, the LGBTQ+ community, and women with young children scoring well below the global average.

“Many people sleep in shared or multifunctional spaces, making rest even more challenging. By understanding these realities, we can design products that improve everyday life,” said Jasper Wuts, Range Insights Manager, IKEA of Sweden.

Simple tips for better sleep
The report offers actionable recommendations, such as sticking to a routine, limiting screen time, creating a restful environment, and practicing relaxation techniques.

Understanding Life at Home
IKEA continuously explores how people live, rest, and play, developing in-depth global studies, including the world’s largest Life at Home Report, as well as the Play Report and Climate Report. These insights help IKEA create solutions that meet the needs of the many, ensuring a better life at home.

Read IKEA Sleep report at IKEA Sleep Report 2025.

 

 

MotoGP Legend Marc Márquez Signs with Leading Action Camera Brand as New Team Insta360 Ambassador

LOS ANGELES, Feb. 10, 2025 /PRNewswire/ — MotoGP icon Marc Marquez has officially signed with leading action camera company Insta360 as a brand ambassador for the 2025 MotoGP season.

 

After dominating 125cc and Moto2, Marquez burst onto the scene with the Repsol Honda team (now Honda HRC) in the 2013 FiM MotoGP World Championship. He not only took gold in his debut season, he set the record for being the youngest-ever racer to do so—a feat he would best time and time and time again, becoming the youngest six-time MotoGP champion. But this wasn’t enough. The more he raced, the more records he broke, and now, entering his 13th season, he holds over 30 MotoGP records.


But what truly defines a legend isn’t how they excel in victory, it’s how they overcome defeat. In the opening race of the 2020 season, Marquez was launched from his bike, seriously breaking his right arm. The injury, rehab and four subsequent surgeries caused him to miss the remainder of the season, the beginning of the next, and even parts of the 2023 season. The recovery process was arduous enough that he even contemplated retirement, but instead, he made the bold decision not just to return but to make a fresh new start.

“Marc’s history-making career on the track and his determination to overcome his injury and keep competing truly embody the ‘Think Bold’ concept,” said Max Richter, Vice President of Marketing at Insta360, “we’re very excited to partner with him in this era of his career and can’t wait to see what he achieves in the 2025 MotoGP season.”

Now, racing with the Ducati Lenovo team and nicknamed “Todo al Rojo” (“All Red”), Márquez is going all in for a seventh championship—and with the leading action camera brand Insta360 as an official personal sponsor, he has a new path, a new angle and new gear. “Insta360 cameras will let the audience see my riding POV like never before,” said Márquez, “they’re small, easy to use and record with, and can capture amazing moments that a camera man cannot.”

All season long, we’ll be sharing those amazing moments with exclusive behind-the-scenes and practice footage of Marc Marquez, but if you want to get your own epic motorcycle footage, check insta360.com to find out all the gear you need.

Marc Márquez x Insta360 Video: https://www.youtube.com/watch?v=gHaXdlA5CCc

AUTOCRYPT Launches Security Fuzzer in Japan through Distributor Agreement with Hitachi Solutions

TOKYO, Feb. 10, 2025 /PRNewswire/ — AUTOCRYPT, award-winning vehicle testing solutions provider, and Hitachi Solutions, Ltd., IT solutions provider, announced a distribution agreement, bringing AutoCrypt Security Fuzzer to the Japanese market starting January 22, 2025. This marks the first domestic availability of the globally recognized Security Fuzzer in Japan.

This adds to the two companies’ existing partnership agreement, as AUTOCRYPT currently offers its V2X security solution with the option of integrating its security library with Hitachi Solution’s Vehicle-to-Everything (V2X) Middleware Platform. The new agreement continues to align with Hitachi Solutions’ commitment to delivering advanced cybersecurity tools, as well as AUTOCRYPT’s expertise in developing cutting-edge, optimized testing technologies to the automotive industry.

AutoCrypt Security Fuzzer was designed specifically for in-vehicle software development and testing, and boasts automated test case generation, generating over one million test cases based on ISO 14229-1:2020, supporting all 26 Service Identifiers (SIDs) defined in the Unified Diagnostic Service (UDS) protocol). AutoCrypt Security Fuzzer also provides continuous automated execution for individual ECUs or integrated systems, optimizing the testing process. Users receive comprehensive key test results, with summaries and visualizations of major outcomes, enabling developers to quickly review and re-execute to address detected vulnerabilities.

“We are delighted to work together with Hitachi Solutions to bring our fuzzing solution to the Japanese market,” said Duksoo Kim, CEO and co-Founder of AUTOCRYPT. “As the industry embraces SDVs, there is mounting pressure for manufacturers and suppliers to meet standards and regulations, and our tool offers support so there is no interruption in the compliance process. We are confident that AutoCrypt Security Fuzzer will address the current challenges in the automotive cybersecurity landscape, and contribute to safer, more reliable automotive software.”

The official distributorship agreement in Japan through Hitachi Solutions will enable Japanese manufacturers and suppliers to adopt a comprehensive, effective approach to cybersecurity testing, streamlining compliance with international standards, including ISO/SAE 21434.

About Autocrypt Co., Ltd.

AUTOCRYPT is the leading player in automotive cybersecurity and smart mobility technologies. It specializes in the development and integration of security software and solutions for in-vehicle systems, V2X communications, Plug&Charge, and fleet management, paving the way towards a secure and reliable C-ITS ecosystem in the age of software-defined vehicles. Its comprehensive suite of automotive cybersecurity testing services and platforms includes the award-winning AutoCrypt CSTP, which supports automotive OEMs and suppliers in meeting regulatory standards ilke ISO/SAE 21434, UNECE WP.29 UN R155, as well as other emerging global standards.

About Hitachi Solutions, Ltd.

Hitachi Solutions is a core IT company of the Hitachi Group. They deliver products and services of superior value to customers worldwide through key subsidiaries in Asia, the United States and Europe. Hitachi Solutions has also been providing a variety of solutions globally using cutting-edge digital technologies based on collaborative creation with customers. Together with our partners around the world, they are accelerating Sustainability Transformation (SX) to solve the challenges facing society and business, and contribute to the realisation of a happy society where no one is left behind.

Lichen China Limited Acquires Remaining Equity in Bondly Enterprises to Strengthen AI Development and Business Integration

XIAMEN, China, Feb. 10, 2025 /PRNewswire/ — Lichen China Limited (the “Company” or “Lichen China”) (NASDAQ: LICN), a leading financial and taxation service provider in China, today announced the completion of its acquisition of the remaining 40% equity interest in Bondly Enterprises Limited (“Bondly”), a prominent domestic consulting firm specializing in business process management and informationization. This acquisition follows Lichen China’s initial purchase of 60% equity in Bondly in 2024, and marks a significant step in Lichen China’s strategy to fully integrate Bondly’s advanced technologies and AI capabilities into its operations.

The acquisition, valued at US$5,330,000, underscores Lichen China’s commitment to strengthening its foothold in the AI and technology sectors. By acquiring the remaining 40% equity, Lichen China aims to gain full control over Bondly’s cutting-edge technologies and highly skilled team, which are critical to the Company’s future growth and innovation in AI-driven solutions.

Bondly, founded by Mr. Zisu Zhou, a seasoned expert with 18 years of experience in process management and information development, has established itself as a leader in business process management and digital transformation. The company’s proprietary AWS BPM system enables seamless integration across applications, departments, and business environments, enhancing operational efficiency, transparency, and agility for its clients. Bondly’s expertise in AI development and its strong client base across various industries make it a valuable asset for Lichen China’s expansion in the AI sector.

Mr. Ya Li, Chairman and CEO of Lichen China, commented on the acquisition, “The acquisition of the remaining 40% equity in Bondly is a strategic move that allows us to fully leverage Bondly’s technological expertise and AI capabilities. This transaction not only strengthens our control over Bondly’s operations but also positions us to accelerate the development of our AI-driven solutions, particularly our flagship product, the Lichen AI Robot. We believe that Bondly’s core technologies and talented team will play a pivotal role in our future growth and innovation.”

With the completion of this transaction, Bondly becomes a wholly-owned subsidiary of Lichen China, enabling deeper integration of Bondly’s technologies and services into Lichen China’s existing offerings. The synergies between the two companies are expected to drive significant revenue growth and enhance Lichen China’s competitive edge in the financial, taxation, and AI sectors.

About Lichen China Limited

Lichen China Limited is a leading provider of financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. With over 18 years of expertise in the financial and taxation services industry, the Company has built a strong reputation for delivering professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company’s expectations regarding the integration of Bondly’s technologies and the potential growth in AI-driven solutions. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For investor and media inquiries, please contact:

Tian Sun
Phone: +86-592-5586999
Email: ir@lichenzx.com

Leading Technology Companies and Foundations Back New Initiative to Provide Free, Open-Source Tools for a Safer Internet in the AI Era

Unveiled at the French AI Action Summit, ROOST equips builders with scalable solutions to promote AI safety and help protect young people in the digital age 

PARIS, Feb. 10, 2025 /PRNewswire/ — Today, the Robust Open Online Safety Tools (ROOST) initiative launched at the Artificial Intelligence Action Summit in Paris. Incubated at the Institute of Global Politics at Columbia University’s School of International and Public Affairs, ROOST is a new non-profit organization that brings together the expertise, resources, and investments of major technology companies and philanthropies to build scalable, interoperable safety infrastructure suited for the AI era. ROOST’s founding partners include Eric Schmidt, Discord, OpenAI, Google, Roblox, John S. and James L. Knight Foundation, AI Collaborative, Patrick J. McGovern Foundation and Project Liberty Institute. ROOST also benefits from the support and expertise of a wide set of partners from the fields of AI, philanthropy, academia, open source, child safety, and countering violent extremism.

Amongst the major announcements of the French AI Action Summit, ROOST addresses an important gap in digital safety—especially online child safety—by providing free, open-source safety tools to public and private organizations of all sizes across the globe. 

As innovative technologies continue to evolve, so too does the online safety landscape. Generative AI reshapes the online environment, increasing the need for reliable and accessible safety infrastructure. ROOST will offer free, open-source, and easy-to-use tools to detect, review, and report child sexual abuse material (CSAM); leverage large language models (LLMs) to power safety infrastructure; and make core safety technologies more accessible and more user friendly. With dedicated technical teams providing hands-on support, ROOST will meet organizations where they are, helping them integrate robust safety measures while continuing to innovate.  

ROOST alleviates the need for organizations to reinvent the wheel by building tools that already exist, empowering them—especially smaller companies and public interest organizations—to focus on growing their platforms or services while also promoting safety for online users. 

To date, ROOST has raised more than $27 million for its first four years of operations from a range of leading philanthropies and top technology companies. ROOST aims to accelerate its growth and expand its offerings to as many organizations as possible. 

Eric Schmidt, Founding Partner of ROOST and Chair of the Special Competitive Studies Project, said: “Robust Open Online Safety Tools, known as ROOST, addresses a critical need to accelerate innovation in online child safety and AI by providing small companies and nonprofits access to technologies they currently lack. Starting with a platform focused on child protection, ROOST’s collaborative, open-source approach will foster innovation and make essential infrastructure more transparent, accessible, and inclusive, with the goal of creating a safer internet for everyone.”

Camille François, President of ROOST and Professor at Columbia University, said: “ROOST ushers in a new era of collaborative safety innovation. By making robust safety tools accessible to all through open source, we’re creating a more pluralistic and secure digital future in the age of AI. We thank our founding partners and supporting partners for their invaluable contributions to this mission.”

Clint Smith, Board Chair of ROOST and Discord’s Chief Legal Officer, said: “At Discord, we believe that safety is a common good. We’re committed to making the entire internet – not just Discord – a better and safer place, especially for young people. While safety is integrated into every aspect of our work at Discord, we also know that continued industry collaboration is essential. We are proud to be a founding partner of ROOST, to work together with other leaders in the industry, and to contribute our innovative safety tooling to foster a safer internet for all.” 

Media Contact 

Brunswick Group
Claire Thomas-Daoulas | +33 7 89 00 88 70
Celia de Pentheny O’Kelly | +1 415 774 6246
ROOST@brunswickgroup.com 

Permascand and Magneto Special Anodes merge to create a global leader in the advanced electrochemical sector – David Ekberg joins as CEO of the new company

LJUNGAVERK, Sweden, Feb. 10, 2025 /PRNewswire/ — Swedish-based Permascand, owned by Altor, has merged with Magneto Special Anodes to form a global leader in catalytic coatings and electrodes for premium segment customers. Magneto Special Anodes, formerly a brand of global water solutions company Xylem Inc. (NYSE:XYL), has production facilities in the Netherlands and in China.

Permascand and Magneto Special Anodes have technological leadership in electrochemical catalytic coatings and electrodes. Today they serve complementary customer segments. The ambition is to continue to grow within existing segments, but also to deploy the strong technology expertise into new segments. One opportunity is green hydrogen, which will play a crucial role in the green transition of industry.

David Ekberg has been appointed as CEO of the new company, joining immediately. He is an experienced leader with previous roles in Stora Enso, Climeon and Ericsson.

“This combination marks the start of a new chapter for both Permascand and Magneto, and for me an excellent opportunity to come onboard as CEO. The two leading companies have the potential to play an even more important role in addressing crucial needs for the green transition. We have received incredible support from Altor in making this next phase come true. With their continued backing, we will leverage their long heritage of helping industrial companies scale”, says David Ekberg, CEO of Permascand and Magneto Special Anodes.

David Ekberg has an entrepreneurial mindset and extensive experience from working globally, driving growth and innovation. Under his leadership, we embark on a growth journey for the new company, aiming to serve existing and new customers with our leading products and solutions.  I am very pleased to see him take on this new role,” says Annica Bresky, Chair of the Board of directors of Permascand.

The transaction has been closed. The parties have agreed not to share further details regarding the transaction. In the short term both entities will continue to operate under their existing names.

Contact:
Helena Winje,
Helena.winje@lumoadvice.com,
+46-702 049485

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

Yiwu, the “World’s Marketplace,” Reopens Amidst Festive Celebrations and Global Spotlight

YIWU, China, Feb. 10, 2025 /PRNewswire/ — As industries across China resume operations, the Yiwu Small Commodities Market celebrated its grand reopening on February 9, marking the 12th day of the Lunar New Year with lively festivities and strong business optimism. The market’s revival attracted a surge of international buyers eager to replenish their inventories, signaling a solid start to the year. 

Yiwu, the
Yiwu, the “World’s Marketplace,” Reopens Amidst Festive Celebrations and Global Spotlight

The sprawling Yiwu International Trade City, encompassing Zones 1 to 5, together with the Huangyuan Clothing Market and Yixi Production Materials Market, came alive with traditional decorations and cultural performances. Dragon and lion dances energized the atmosphere as local officials from Jinhua and Yiwu Municipal Committees distributed Spring Festival couplets, “Fu” characters, and red envelopes, traditional Chinese New Year gifts symbolizing luck and prosperity, to merchants, expressing hopes for a prosperous 2025. The celebrations reached a global audience through Chinagoods, the official Yiwu Small Commodities Market platform, which livestreamed the event, offering digital red envelopes and blessings. The broadcast attracted significant international attention, amassing 1.365 million views and interactions worldwide.

75,000 Shops Usher in Spring with a Hopeful New Beginning

The Yiwu International Trade City buzzed with activity as 75,000 shops opened their doors early to welcome customers and embrace the promise of a prosperous new year. Storefronts were adorned with festive decorations, including Spring Festival couplets, red lanterns, and Chinese knots, creating a vibrant atmosphere filled with optimism rooted in tradition. Businesses proudly displayed the blessings and couplets gifted by local officials, heralding an auspicious start to the year.

Merchants expressed confidence in the year ahead. Chen Meijun, owner of Litian Toys in Zone 1, reported receiving online orders during the holiday and is preparing to ramp up factory production, anticipating a 10% growth compared to 2024. Sun Min, a cosmetics business owner, proactively reached out to clients ahead of the reopening. “I informed my customers about today’s opening and shared the livestream link with those who couldn’t attend in person,” she said. “It’s a great way to build excitement and reconnect with buyers.” 

Global Buyers Converge on Yiwu for New Year Shopping Spree

The reopening of the Yiwu Market has drawn a wave of international buyers eager to secure new products and reengage with suppliers. During the market’s closure, many turned to the Chinagoods platform to source goods and maintain supplier relationships. With the market now open, buyers are seizing the opportunity to inspect samples in person and finalize orders, ensuring productive visits. 

The market was bustling with activity as buyers explored stalls, meticulously selecting products. A daily necessities buyer from Guangdong who only gave his surname as Chen, noted, “I visit Yiwu every year for the New Year opening. The product variety and competitive prices are unmatched. This year, I’m focusing on new items to stock my store, and I’m confident they’ll resonate with consumers and drive strong profits.” 

International buyers also flocked to the market, aiming to secure high-quality goods to meet overseas demand. A London-based buyer who goes by Chris and has a significant TikTok following, shared: “I’ve been sourcing from Yiwu for a decade, purchasing around 100 containers annually—everything from jewelry and toys to bags and hardware. This year, I was impressed by the new offerings and plan to take back a fresh batch.”

Buyers expressed optimism about the market’s recovery and the resurgence of consumer demand, with many planning to increase purchase volumes and expand their product ranges. The renewed confidence signals a promising year ahead for Yiwu and its global business community. 

Yiwu International Trade Market Sustains its Thriving Momentum

The New Year opening of the Yiwu Market has set the stage for another year of growth and innovation. Vendors are launching promotional campaigns and introducing unique products, while buyers are gaining access to enhanced supply chains. The reopening has also catalyzed growth in ancillary industries, including logistics, hospitality, and tourism, creating a ripple effect that benefits the broader economy. 

For over 40 years, the Yiwu Market has solidified its reputation as the “World’s Capital of Small Commodities.” Boasting 26 major categories and 75,000 stalls, the market is meticulously organized into specialized zones. Its extensive industrial clusters offer more than 12 millions SKU, providing buyers worldwide with unparalleled variety and quality. 

Canadian Solar’s e-STORAGE to Deliver 960 MWh of Energy Storage Systems for Copenhagen Infrastructure Partners in Australia

KITCHENER, ON, Feb. 10, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has signed a contract with Copenhagen Infrastructure Partners (“CIP”) through its fifth flagship fund Copenhagen Infrastructure V to deliver 240 MW/960 MWh battery energy storage systems in Summerfield, South Australia. Summerfield, expected to start construction in 2025, will be one of South Australia’s largest battery energy storage projects.

e-STORAGE, a tier 1 global provider of energy storage solutions, will provide turnkey EPC services, supplying and integrating over 200 SolBank 3.0 battery containers. e-STORAGE will also support the long-term performance and operational management of the projects under a long-term service agreement with CIP. e-STORAGE has a strong and experienced project delivery team in Australia, with several BESS projects already delivered or under construction.

Located in Murraylands, 55 kilometers east of Adelaide near Mannum, the project will support the South Australian Government’s target of 100% net renewable energy by 2027 by storing excess wind and solar energy generated during the day and supplying renewable power during peak demand periods.

Jørn Hammer, Partner and Head of Copenhagen Infrastructure Partners (CIP) Australia, said,

“This is a significant milestone for the Summerfield project and CIP’s broader renewable energy pipeline in Australia. Australia needs large-scale battery energy storage solutions to stabilize the grid and deliver affordable power to homes and businesses when needed most. We are proud to work with Canadian Solar’s e-STORAGE to support the South Australian Government’s 100% renewable energy ambitions.”

Colin Parkin, President of e-STORAGE, added, “We are honored to be selected by Copenhagen Infrastructure Partners (CIP) for the Summerfield project, a testament to e-STORAGE’s proprietary cutting-edge battery technology and our strong execution capabilities. This project will make a significant contribution to South Australia’s target of 100% renewable electricity generation by 2027. With over 1.5 GWh of BESS under construction in Australia, e-STORAGE continues to establish itself as a leading product and service supplier in the region.”

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Ontario, Canada, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 23 years, Canadian Solar has successfully delivered around 142 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 8 GWh of battery energy storage solutions to global markets as of September 30, 2024, boasting a US$3.2 billion contracted backlog as of November 30, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11 GWp of solar power projects and 3.7 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 26 GWp of solar and 66 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About e-STORAGE

e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. Currently, e-STORAGE operates two fully automated, state-of-the-art manufacturing facilities with an annual battery production capacity of 20 GWh. For more info, please refer to the Media&PR section of www.csestorage.com and follow our LinkedIn page.

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages 12 funds and has to date raised approximately EUR 31 billion for investments in energy and associated infrastructure from more than 180 international institutional investors. CIP has approximately 500 employees and 14 offices around the world. For more information, visit www.cip.com.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com

e-STORAGE MEDIA CONTACT
Simona Marginean
e-STORAGE Marketing Manager
simona.marginean@csestorage.com

CIP MEDIA CONTACT
Sophie Fitzpatrick
Vice President, Public Affairs
sfit@cisc.dk