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MILPITAS, Calif., April 10, 2025 /PRNewswire/ -- Worldwide sales of semiconductor manufacturing equipment increased 10% to $117.1 billion in 2024 from $106.3 billion in 2023, SEMI, the industry association representing the global electronics design and manufacturing supply chain, reported today. The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) report.In 2024, the global front-end semiconductor equipment market experienced notable growth, with sales of wafer processing equipment increasing by 9% and other front-end segments rising by 5%. This growth was largely fueled by heightened investments in expanding capacity for both leading-edge and mature logic, advanced packaging, and high-bandwidth memory (HBM), alongside a significant rise in investments from China.The back-end equipment segment, after two consecutive years of decline, saw a robust recovery in 2024, driven by the increasing complexity and demands of AI and HBM manufacturing. Assembly and packaging equipment sales increased by 25%, while test equipment billings rose by 20% year-over-year, reflecting the industry's push toward supporting advanced technologies."The global semiconductor equipment market surged by 10% in 2024, rebounding from a slight dip in 2023 to reach an all-time high of $117 billion in annual sales," said Ajit Manocha, SEMI President and CEO. "Industry spending on chipmaking equipment in 2024 reflects a dynamic landscape shaped by regional investment trends, technological advancements in logic and memory, and the rising demand for chips related to AI-driven applications."Regionally, Mainland China, Korea, and Taiwan remained the top three markets for semiconductor equipment spending, collectively accounting for 74% of the global market. China solidified its position as the largest semiconductor equipment market, with investments surging 35% year-over-year to $49.6 billion, driven by aggressive capacity expansion and government-backed initiatives aimed at bolstering domestic chip production. Korea, the second-largest market, saw a modest 3% increase in equipment spending, reaching $20.5 billion, as memory markets stabilized and demand for high-bandwidth memory soared. In contrast, Taiwan experienced a 16% decline in equipment sales, falling to $16.6 billion, reflecting a slowdown in demand for new capacity.Elsewhere, North America recorded a 14% rise in semiconductor equipment investments, reaching $13.7 billion, driven by increased focus on domestic manufacturing and advanced technology nodes. The Rest of the World saw a 15% increase, with billings at $4.2 billion, supported by emerging markets ramping up chip production. However, Europe faced a significant 25% decline in equipment spending, falling to $4.9 billion, due to weakened demand in the automotive and industrial sectors amid economic challenges. Japan also saw a slight 1% dip, with sales at $7.8 billion, as the region grappled with slower growth in key end markets.Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the WWSEMS report is a summary of the monthly billings figures for the global semiconductor equipment industry. The SEMI Equipment Market Data Subscription (EMDS) provides comprehensive market data for the global semiconductor equipment market. The subscription includes three reports: Monthly SEMI Billings Report, a perspective on equipment market trends Monthly Worldwide Semiconductor Equipment Market Statistics (WWSEMS), a detailed report of semiconductor equipment billings for seven regions and 24 market segments SEMI Semiconductor Equipment Forecast, an outlook for the semiconductor equipment market Download a sample of the EMDS report. For more information about the report or to subscribe, please contact the SEMI Market Intelligence Team at mktstats@semi.org. More details are also available on the SEMI Market Data webpage. About SEMI SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more. Association ContactSherrie Gutierrez/SEMIPhone: 1.831.889.3800Email: sgutierrez@semi.org
LONDON, April 10, 2025 /PRNewswire/ -- Eventify, the popular event management software, today announced the launch of Event AI Copilot, a groundbreaking AI-powered feature that transforms standard event apps into intelligent companions offering personalized guidance throughout the entire event journey. Event AI Copilot serves as a personalized pocket concierge, offering instant answers to event-related questions, customized recommendations, and proactive guidance throughout the entire event journey. The solution operates seamlessly within existing Eventify event app deployments, requiring no additional setup or configuration. "Today's event attendees expect more than just information—they want experiences tailored to their interests and needs," said Hussain, CEO of Eventify. "Event AI Copilot acts as a pocket concierge that understands each attendee's preferences, answers their questions instantly, and helps them make the most of every event opportunity." Key capabilities of the Event AI Copilot include personalized agenda matching based on attendee interests, instant access to event information, smart networking recommendations that connect like-minded participants, and opportunity matching that increases visibility for sponsors and exhibitors. For event organizers, the AI solution delivers significant operational benefits, including a reported 40% reduction in support queries, real-time behavioral insights, and enhanced attendee satisfaction. Sponsors and exhibitors benefit from increased visibility with targeted audiences, resulting in more meaningful interactions and measurable ROI. "With Event AI Copilot, we're not just improving engagement, we're fundamentally changing how people experience events," said Silas, Chief Product Officer at Eventify. "Our early adopters report attendees spending 35% more time in the app and interacting with twice as many sponsors, creating a win-win scenario for all stakeholders." The Event AI Copilot is built with robust machine learning capabilities that continuously improve performance over time, adapting to each event's unique requirements and learning from every interaction. Eventify maintains strict data security standards, ensuring all attendee information remains protected according to industry best practices. Event AI Copilot is available immediately as an upgrade to existing Eventify app deployments. Event organizers can schedule a personalized demonstration by visiting eventify.io/event-ai. About Eventify: Eventify is a leading provider of innovative event technology solutions designed to enhance attendee experiences, streamline operations, and maximize ROI for organizers. With a commitment to cutting-edge technology and exceptional service, Eventify powers thousands of successful events worldwide each year. Logo: https://mma.prnasia.com/media2/2161099/Eventify_Logo.jpg?p=medium600
NEW YORK, April 10, 2025 /PRNewswire/ -- The Vietnamese ethanol production company, Vietnam Biofuels Development Joint Stock Company and its affiliates (together, "Vietnam Biofuels" or "VNB"), VCI Holdings Limited ("VCI" and together with VNB, the "VCI Biofuels Group") and International Media Acquisition Corp. (OTC: IMAQ) ("IMAQ") are pleased to announce today that they have entered into a definitive merger agreement (the transactions contemplated thereunder, the "Transaction"). Vietnam Biofuels is a manufacturer of bio-ethanol in Vietnam and specializes in producing ethanol products with a focus on fuel ethanol. As a result of the Transaction, the combined company is expected to be renamed VI Energy and the combined entity is expected to be publicly listed on the NASDAQ. VCI Biofuels Group Highlights VCI Biofuels Group is a seasoned operator in the biofuel manufacturing industry in Vietnam, producing fuel ethanol, solvent alcohol, and food alcohol. Established in 2014, VCI Biofuels Group has established a track record in environmental management, recycling, and biofuel processing. Upon closing, the Transaction will position VCI Biofuels Group to further expand its business and execute on its growth strategy. IMAQ management believes that VCI Biofuels Group is well-positioned to capitalize on the demand for biofuel locally in Vietnam and internationally. IMAQ management believes that VCI Biofuels Group's established bio-ethanol factory combined with the Vietnamese government's mandate for ethanol blending in gasoline, potentially presents a compelling opportunity for significant growth. Transaction Overview The Transaction values VCI Biofuels Group at an implied enterprise value of $1 billion. The Board of Directors of VNB, VCI and IMAQ have unanimously approved the proposed Transaction, subject to, among other things, regulatory approvals, the approval by IMAQ's stockholders of the Transaction and satisfaction or waiver of other customary closing conditions. This strategic merger is designed to provide the VCI Biofuels Group with access to capital markets, support its growth strategy and further strengthen its position in the sector. Navin Sidhu, VCI Biofuels Group CEO, stated, "With the merger we intend to grow our production capacity and continue to not only be a leader in Vietnam's biofuel and ethanol industry, but Asia's. Upon completion and with adequate funding, we plan to immediately implement one of our post-merger strategies by tapping into the profitable and currently underserved market for sustainable aviation fuel, which is expected to reach $325 billion by 2030. With access to the dynamic US capital markets and the multitude of financing options it brings, we believe that the group will be in a very strong and enviable position to expand organically while leveraging on acquisition growth that could add tremendous value for shareholders and all stakeholders alike." Yu-Fang Chiu, Chairperson, CEO and CFO of IMAQ, commented, "Finding the right partner is never easy—whether in life or in business. Over the course of three years, IMAQ has evaluated numerous companies, and we are pleased to announce that we have chosen the "one". We believe that the VCI Biofuels Group is well positioned in the renewable energy sector, with a track record of a decade in Vietnam's biofuel and ethanol market. By entering into this merger agreement, we aim to provide VCI Biofuels Group with the tools and access to the capital markets they need to continue executing their plans in the near future. We believe this merger offers a compelling opportunity for our investors to become part of an exciting company that creates value for stakeholders." Advisors Loeb & Loeb LLP, Ogier and DaHui Lawyers are serving as legal advisors to International Media Acquisition Corp. Additional information about the proposed Transaction, including a copy of the merger agreement, will be available on a Current Report on Form 8-K, to be filed by International Media Acquisition Corp. with the Securities and Exchange Commission ("SEC") and available at www.sec.gov. In connection with the proposed Transaction, the parties intend to jointly file a registration statement, which will include a proxy statement and a prospectus, with the SEC. About VCI Biofuels Group VCI Biofuels Group is an innovative chemicals and ethanol producer with a focus on advanced efficient recovery methods. Its corporate headquarters are located in Vietnam. Established in 2014, VCI Biofuels Group has developed a track record in environmental management, recycling, and biofuel processing. Over the last decade, the company has consistently pursued its mission "For a Sustainable Common Roof", striving to become a leading enterprise in the field of biofuels and contributing to the new economic development in Vietnam. About International Media Acquisition Corp. International Media Acquisition Corp. ("IMAQ") is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Forward Looking Statements This press release includes "forward-looking statements" which may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated equity value of the combined company, Vietnam Biofuels Group's ability to scale and grow its business, the advantages and expected growth of the combined company, the combined company's ability to source and retain talent, the cash position of the combined company following closing of the Transaction, IMAQ's and Vietnam Biofuels Group's ability to consummate the Transaction, and expectations related to the terms and timing of the Transaction, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of IMAQ's and Vietnam Biofuels Group's respective management and are not predictions of actual performance. Any forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of IMAQ and Vietnam Biofuels Group. These forward-looking statements are subject to a number of risks and uncertainties, including the inability of IMAQ and Vietnam Biofuels Group to successfully or timely consummate the proposed Transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction or approval of the shareholders of IMAQ or Vietnam Biofuels Group; failure to realize the anticipated benefits of the proposed Transaction; risks relating to the combined company's sources of cash and cash resources; risks relating to Vietnam Biofuels Group's business; risks relating to IMAQ's and the combined company's vulnerability to security breaches; risks relating to the combined company's ability to manage future growth; the effects of competition on the combined company's future business; the amount of redemption requests made by IMAQ's public stockholders; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries involving the parties to the Transaction; the impact of the COVID-19 pandemic or infectious diseases on the combined company's business and the global economy; and those factors discussed in IMAQ's final prospectus related to its initial public offering dated July 28, 2021, under the heading "Risk Factors," in IMAQ's Annual Report on Form 10-K for the fiscal year ended March 31, 2024 under the heading "Risk Factors" filed with the SEC on August 8, 2024 and other documents filed, or to be filed, by IMAQ with the SEC. If any of these risks materializes or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither IMAQ nor Vietnam Biofuels Group presently knows or that IMAQ and Vietnam Biofuels Group currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect IMAQ's and Vietnam Biofuels Group's expectations, plans or forecasts of future events and views as of the date of this press release. IMAQ and Vietnam Biofuels Group anticipate that subsequent events and developments will cause IMAQ's and Vietnam Biofuels Group's assessments to change. However, while IMAQ and Vietnam Biofuels Group may elect to update these forward-looking statements at some point in the future, IMAQ and Vietnam Biofuels Group specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing IMAQ's and Vietnam Biofuels Group's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Important Information About the Proposed Transaction and Where to Find It The proposed Transaction will be submitted to shareholders of IMAQ for their consideration and approval. International Media Mini Acquisition Corp, a to-be-formed wholly owned subsidiary of IMAQ ("Purchaser"), and VCI intend to jointly file a registration statement (the "Registration Statement") with the SEC which will include preliminary and definitive proxy statements to be distributed to IMAQ's shareholders in connection with IMAQ's solicitation for proxies for the vote by IMAQ's shareholders in connection with the proposed Transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Vietnam Biofuels Group's shareholders in connection with the completion of the proposed Transaction. After the Registration Statement is filed and declared effective, IMAQ will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Transaction. IMAQ's shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with IMAQ's solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed Transaction, because these documents will contain important information about IMAQ, VCI Biofuels Group and the proposed Transaction. Shareholders may also obtain a copy of the preliminary and definitive proxy statements and the prospectus, once available, as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by IMAQ, without charge, at the SEC's website located at www.sec.gov or by directing a request to IMAQ. Participants in the Solicitation IMAQ, VCI Biofuels Group, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from IMAQ's shareholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of IMAQ'S shareholders in connection with the proposed Transaction will be set forth in the proxy statement/prospectus to be filed with the SEC in connection with the Transaction. You can find more information about IMAQ's directors and executive officers in IMAQ's definitive proxy statement related to its Annual General Meeting dated December 9, 2024 and IMAQ's Current Report on Form 8-K dated March 14, 2025. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above. No Offer or Solicitation This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
A Sustainable Sanctuary Inspired by Nature on the Yarra River MELBOURNE, Australia, April 10, 2025 /PRNewswire/ -- 1 Hotels, the mission-driven luxury lifestyle hotel brand founded by hospitality visionary Barry Sternlicht, is thrilled to announce that reservations are now being accepted for 1 Hotel Melbourne, a landmark waterfront property set to debut in June 2025. This marks 1 Hotels' highly anticipated entrance into the Australian market, bringing an award-winning blend of sustainable luxury and nature-inspired design to the heart of Melbourne, in collaboration with industry-leading developer Riverlee. River Reserve King at 1 Hotel Melbourne Credit: Mikkel Vang The centerpiece of this remarkable building is the heritage listed Goods Shed No. 5, the last of the unrenovated goods sheds in what was once Melbourne's busiest port. The property will redefine luxury hospitality in the region with a philosophy that combines sustainability, style, and rejuvenation to create a transformative guest experience. "At 1 Hotels, we believe that luxury and sustainability can—and should—go hand in hand," says Barry Sternlicht, founder of 1 Hotels and Chairman of Starwood Hotels. "With 1 Hotel Melbourne, we've created a waterfront destination that immerses guests in nature while celebrating the city's rich legacy and forward-thinking spirit. This hotel isn't just about where you stay—this is about how you feel, how you connect, and how travel can inspire a deeper commitment to the world around us. The water inspires calm and serenity, which is what our brand is meant to convey: an oasis for travelers to escape the rigors of travel." "Opening reservations for 1 Hotel Melbourne is an exciting milestone as we bring our mission-driven hospitality to Australia," says Raul Leal, CEO of Starwood Hotels. "From reclaimed materials and immersive biophilic design to thoughtfully curated wellness offerings, this property is a testament to our dedication to sustainability and the extraordinary guest experiences that define 1 Hotels." "Through our partnership with 1 Hotels, we have reimagined this heritage waterfront site into a sustainable luxury destination that honours Melbourne's maritime past while setting new benchmarks for environmental stewardship," says David Lee, Development Director at Riverlee. "This project perfectly embodies Riverlee's commitment to creating visionary developments that respect our city's past while building for its future." Located on the southwestern edge of Melbourne's CBD, 1 Hotel Melbourne offers prime access to some of the city's most celebrated attractions, including Marvel Stadium, the Royal Botanic Gardens, top shopping districts, and world-class theaters. Guests can explore the city via the world's largest tram network—just two minutes away. The hotel is also adjacent to a 3,500-square-meter native-planted park and offers direct access to Melbourne's serene riverfront and an extensive network of walking and biking paths. 1 Hotel Melbourne is a showcase of architectural innovation and sustainable design. The striking asymmetric façade features floor-to-ceiling windows with lower glazing that echoes the panels of Goods Shed No. 5 and upper panels that reflect the rippling surface of the Yarra River, while more than 2,000 living plants throughout the property blur the line between indoors and out. The lobby's reception desk—crafted from fallen trees, reclaimed timber furnishings, and restored elements from Goods Shed No. 5—underscores a deep commitment to adaptive reuse and circular economy principles. Commissioned art reflects the city's rich creative scene. The property is on the path to achieving LEED Silver certification and is prioritizing recycled and reclaimed materials throughout the design. Timber sourced from abandoned local rail bridges and wharfs, nearly 2,000 bluestone pavers reinstalled as pathways, and restored steel trusses and window frames preserve the building's industrial character while celebrating Melbourne's rich history. As part of the development, 1 Hotel Melbourne also includes 114 exclusive 1 Homes residences, seamlessly integrating sustainable luxury into private living spaces. Tranquil Rooms Designed for Mindful Luxury 1 Hotel Melbourne features 277 guest rooms, including 36 suites, each designed as a peaceful sanctuary that merges natural beauty with modern comforts. Floor-to-ceiling windows flood the rooms with natural light and frame serene views of the Yarra River or the Melbourne skyline. Sustainability is at the forefront, from energy-efficient smart thermostats and low-VOC materials to collaborations with local artists and the use of heritage architectural elements.There are bedheads made from reclaimed timber railway bridges, live-edge furniture, and doors featuring preserved moss panels alongside room numbers carved from salvaged wharf timber, delicately etched by long-gone naval worms—an unexpected nod to the site's maritime history. Rooms also have thoughtfully curated amenities like Bamford Wellness Spa products created in partnership with Carole Bamford, a pioneer in organic, sustainable, and holistic living. Culinary Experiences Inspired by Land and Sea Dining at 1 Hotel Melbourne is also inspired by nature. The soon-to-be-revealed signature restaurant led by a dynamic much-loved chef will offer menus that showcase the freshest seasonal produce, with a focus on ingredients sourced from local farmers, fishers, and artisans. Neighbours grab-and-go café will feature organic bites and artisanal products, perfect for a quick snack or thoughtful gift. Guests can sip on foraged cocktails and boutique Victorian wines in the lobby bar, a social hub with breathtaking river views. For corporate events, weddings, or intimate gatherings, the hotel offers a range of light-filled, nature-inspired spaces overlooking the river. The Seafarers Event Space, a 1,000-square-meter riverside venue, accommodates up to 900 guests and features expansive windows, lush greenery, and state-of-the-art technology. Additional meeting rooms, including a boardroom and a relaxed lounge, provide flexible options for both corporate and social gatherings. Cutting-edge audiovisual capabilities enhance every event, while a curated approach to music reflects the energy and rhythm of Melbourne. Wellness is integral to the 1 Hotel Melbourne experience. Guests can recharge at the Field House Gym, the hotel's state-of-the-art fitness center, equipped with world-class, cutting-edge equipment, personal trainers, and a variety of fitness experiences including mindful programming such as yoga and meditation. Guests can unwind in the indoor pool, sauna, steam room, and a Jacuzzi-style spa. And Bamford Wellness Spa is introducing holistic wellness treatments inspired by local therapies, setting a new benchmark for well-being in Australia. Sustainability is woven into every aspect of the property's operations. Biophilic design creates spaces where guests can connect with nature through abundant natural light, living greenery, and organic materials. The hotel also utilizes advanced air quality management systems and innovative water conservation technologies. Through a partnership with Foodprint Group, 1 Hotel Melbourne aims to divert over 90% of waste. Single-use plastics are eliminated in favor of sustainable alternatives like reusable glassware and compostable materials. Thoughtful touches throughout the hotel inspire guests to reflect on their environmental impact and embrace sustainable living long after they leave. Reservations Now Open Be among the first to experience 1 Hotel Melbourne, where nature and luxury converge to create an extraordinary retreat in the heart of the city. Reservations are now open. To book your stay or learn more, visit 1hotels.com/melbourne or contact MEL1HSE-Sales@1hotels.com. ABOUT STARWOOD HOTELS Starwood Hotels, an affiliate of global private investment firm Starwood Capital Group, is a sustainable hotel brand management company that operates 1 Hotels, a nature-inspired lifestyle brand that launched in 2015 with properties in South Beach (Miami) and Manhattan and includes Brooklyn Bridge (New York City), West Hollywood (Los Angeles), Sanya (China), Toronto, San Francisco, Nashville, the recently opened Hanalei Bay (Kauai) flagship property, and the brand's first European property in Mayfair (London), with projects in development in Cabo San Lucas (Mexico), Paris, Elounda Hills (Crete), Austin (Texas), Copenhagen, Riyadh (Saudi Arabia), Melbourne (Australia), Seattle, and San Miguel de Allende (Mexico); Baccarat Hotels & Resorts, a luxury brand that made its debut in March 2015 with the opening of its flagship property in New York City, with projects under development in Rome, Florence, Dubai, Riyadh (Saudi Arabia), Brickell (Miami), and the Maldives; and Treehouse Hotels, which premiered in London in 2019 and now includes Manchester (UK) and Silicon Valley (California), with projects under development in Brickell (Miami), Adelaide (Australia), and Riyadh (Saudi Arabia). Leveraging its marketing, design, operational, and technological expertise, Starwood Hotels is the force behind some of the most groundbreaking and dynamic hotel brands in the world. Additional information can be found at starwoodhotels.com. ABOUT 1 HOTELS As a mission-driven luxury lifestyle hotel brand inspired by nature, 1 Hotels cultivates the best of sustainable design and architecture, together with extraordinary comfort and an unrivaled level of service. With properties among some of the first to receive the prestigious MICHELIN Key distinction, 1 Hotels is inspired by a simple idea: those who travel the world should also care about it. It is, after all, 1 world. 1 Hotels launched in 2015 with the opening of exclusive properties in Miami's South Beach and Manhattan's Central Park, followed by Brooklyn, located on the East River in February 2017; West Hollywood on Sunset Boulevard in June 2019; Sanya (China) in 2020; Toronto in 2021; San Francisco and Nashville in 2022; and in 2023, the Hanalei Bay (Kauai) flagship property and Mayfair (London), the brand's first European property. The brand is expanding with properties under development in Cabo San Lucas (Mexico), Paris, Elounda Hills (Crete), Austin (Texas), Copenhagen, Riyadh (Saudi Arabia), Melbourne (Australia), Seattle and San Miguel de Allende (Mexico). Additional information can be found at 1hotels.com. ABOUT RIVERLEERiverlee is a Melbourne based, privately owned property group specializing in development and asset ownership across the commercial, residential, and retail sectors. Established in 1993 by Clement Lee, Riverlee is known for delivering visionary projects that lead the industry, both creatively and commercially, while always honoring the region's heritage, environment, and community. 1 Hotel Melbourne Now Accepting Reservations Credit: Mikkel Vang
DETROIT, April 10, 2025 /PRNewswire/ -- Creality, a leading global 3D printing technology brand, celebrated its 11th anniversary at the Renaissance Center of Detroit by the announcement of new products and an updated visual identity. The celebration was held with creators to showcase their creative 3D printing projects that are contributing to everyday life. Updated Visual Identity Creality has always dedicated itself to taking an extra step in supporting innovation. Now with a comprehensive product portfolio that meets all 3D printing needs, the brand has updated its visual identity to match. Creality adopts an original font and a new mascot Maker—which stands for Multi-functional Adaptive Knowledge 3D Engineering Robot—to better reflect its brand innovation. In addition to enhancing the brand's recognition, Maker will serve as a technical instructor for all 3D printing lovers. These visuals will be rolled out across all company materials, product packaging, and branding assets over time. Creality's new mascot Maker—stands for Multi-functional Adaptive Knowledge 3D Engineering Robot. Unleashing Creativity Following the spirit of the ShareFest, an event series celebrating creativity nurtured by 3D printing, Creality's anniversary event also had the honor to provide an opportunity for real makers to elaborate how 3D printers make their unique ideas sparkle. Sterling Backus, a physicist known for his 3D-printed Lamborghini Aventador, shared his 5-year experiment on the car; he also envisioned 3D printing in broader industrial applications. Purdue University's Rick Womack explained how higher-education students can benefit from Creality's accessible printers in his 3D Printing Club, and the educational value of 3D printing technology. Veteran 3D printing user Ian Davis has been in the field of engineering for three decades. As a cancer survivor, Ian designed and produced his own prosthetic hand, and actively customized 3D-printed devices for others. YouTuber SaturdayMorningProps's Dylan O'Connell shared the experience of reliving his childhood dreams about classic sci-fi movies through his 3D-printed props. "We are thrilled to see so many creative minds realizing their dream projects with the help of Creality products," said Michael Tang, Chief Technology Officer of Creality, "Their creations are truly inspiring and drive us to push the boundaries of what's possible. Whether in the past or the future, Creality remains committed to expanding the possibilities of 3D printing, empowering both professionals and hobbyists to turn their visions into reality." Expanding Product Ecosystem At the event, Creality unveiled its K2 & K2 Pro, further expanding its K2 Series—flagship FFF (fused filament fabrication) large-format multi-color 3D printers. These models join the popular K2 Plus, reinforcing a strong mid-to-high-end product range designed for exceptional performance and versatility. Together with the Creality RaptorX 3D scanner, the K2 series won the Red Dot Design Award 2025 in the Industrial Equipment, Machinery, and Automation category—a testament to its unparalleled innovation in industrial-grade 3D printing solutions. Unlike traditional stepper motors that often lose steps under load, the K2 series features FOC step-servo motors, ensuring high accuracy by providing precise control over position and speed, along with improved thermal performance. The printers boast a unibody die-cast frame design, which simplifies the structure while enhancing product consistency and durability. The Creality ecosystem is a powerhouse of innovation. From the Falcon A1 Pro laser engraver and Otter Lite 3D scanner, SpacePi X4 filament dryer, to the HALOT-X1 resin 3D printer and Soleyin Filament, each product works seamlessly together to drive technological advancement and to elevate the 3D printing experience. Emil Ma, Head of Branding and Marketing, remarked at the event: "Creality carefully listens to users feedback and continues to evolve—from the self-developed step-servo motor to AI features in the latest CrealityCloud 6.0, Creality makes breakthroughs that really respond to what the community needs." About Creality Founded in Shenzhen in 2014, Creality is a global pioneer in the 3d printing industry that focuses on the research, design and production of consumer and professional-grade 3D printers and 3D printing accessories. As a user-centric company, Creality has expanded its footprint across more than 100 countries and regions and shipped over 5 million 3D printers worldwide, introducing 3D printing to homes, schools, workshops, factories and academic institutions, and driving digitalization in manufacturing, education, healthcare, architecture and beyond.
USA News Group News Commentary Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC, April 10, 2025 /PRNewswire/ -- USA News Group News Commentary – As tariff talks continue from the White House, gold prices rebounded back above $3,010, signalling that markets still favor gold as the safe bet for any stagflation or recession. Major banks continue to lean bullish in where gold prices are headed, including HSBC, Bank of America, Standard Chartered, and Citigroup. The recent gold rally has attracted investors back to mining stocks, with gold mining ETFs signaling healthy inflow. Among the miners making moves, recent developments have come from Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), New Gold Inc. (NYSE-American: NGD) (TSX: NGD), Thor Explorations Ltd. (TSXV: THX) (OTCPK: THXPF), WESTGOLD RESOURCES LIMITED (TSX: WGX) (OTCPK: WGXRF), and Dakota Gold Corp. (NYSE-American: DC) The article continued: Analysts are beginning to raise their fair value estimates on mining stocks, as tailwinds support higher gold prices to come. According to VanEck, gold miners substantially outperformed in March, as surging prices sparked M&A activity and drove the largest monthly inflows in over a year. Lake Victoria Gold Ltd. Provides Update on Tembo Project Following Mining License Conversion Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), an emerging East African gold developer, today announced an update on the Company's Tembo Project, located in the Lake Victoria Goldfield of northern Tanzania, following the successful conversion of its Prospecting License into four Mining Licenses (MLs). The milestone marks a significant advancement in LVG's strategy to unlock the potential of Tembo, which has already benefited from over US$28 million in exploration expenditures, including 50,000 meters of diamond and RC drilling. The conversion from a Prospecting License to four Mining Licenses grants LVG the legal right to develop and produce from the Tembo Project. Key provisions include that each Mining License (ML) is valid for 10 years, with the option of a further 10-year renewal. "The approval of our Mining Licenses is a pivotal step forward for the Tembo Project," said Marc Cernovitch, President & CEO of Lake Victoria Gold. "We have always believed in the district-scale potential of this asset. With tenure now secured for the next 10 years, we can focus on evaluating the most efficient development options to unlock maximum shareholder value. This is a transformational moment for the Company and its stakeholders." Armed with data obtained from the already mentioned +$28 million already invested into exploration at this site in Tanzania, Lake Victoria Gold (LVG) has zeroed in on three high-priority targets showing impressive gold grades and real growth potential. At Ngula 1, drilling has revealed a 250-meter-wide zone made up of multiple gold-bearing structures that run at least 600 meters in length, and remain open for expansion both deeper and farther out. Some of the more exciting drill results here include hits like 3.13 grams per tonne (g/t) of gold over nearly 26 meters, and an especially rich interval of 22.18 g/t over 15 meters. These numbers point to both strong grade and size—two ingredients that matter when assessing the economic potential of a gold deposit. The Nyakagwe Village target is just as exciting. Here, multiple mineralized structures have produced gold grades as high as 78.1 g/t over one meter and 27.88 g/t over nearly four meters. These are high-grade zones that could feed either near-term mining efforts or future development plans. At Nyakagwe East, drilling has uncovered a 300-meter-wide zone with strong quartz veining and visible sulphide mineralization. Results include intercepts like 19.1 g/t over three meters and 10.25 g/t over 3.5 meters—once again reinforcing the project's high-grade profile. With Mining Licenses now secured, LVG is evaluating multiple options for how to move Tembo forward. First, there's real near-term production potential. Some of the shallow, high-grade areas could potentially be mined using open pits once a little more drilling is done, while nearby third-party facilities may allow the company to start producing gold without having to build its own plant right away. Longer term, LVG may still consider building a dedicated processing facility if production volumes justify it. On the exploration side, there's still plenty of runway for growth. A new drill program is being designed to follow up on historical high-grade hits and convert them into formal resource estimates. A recent study also identified 38 new exploration targets on the property—suggesting that the current high-grade zones might just be the beginning. More fieldwork is underway to test these areas for additional gold discoveries. Finally, LVG is keeping the door open for potential partnerships or strategic deals. The Tembo Project sits right next to Barrick's massive Bulyanhulu Mine, and the two companies already have a relationship. Back in 2021, LVG sold six non-core licenses to Barrick for $6 million in cash and up to $45 million more in potential contingent payments, which is essentially a bonus if Barrick finds gold on the ground it bought. That deal gave LVG funding to focus on Tembo, while still allowing it to benefit from discoveries made next door. Looking ahead, LVG now has fresh 10-year Mining Licenses at two promising assets. "We believe Tembo represents a rare opportunity to define a new gold camp in one of Tanzania's most historically productive districts," said Simon Benstead, Executive Chairman of Lake Victoria Gold. "With multiple exploration and development levers available to us, and a supportive regulatory environment, we're committed to responsibly unlocking the full value of this high-potential asset." CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ In other industry developments and happenings in the market include: New Gold Inc. (NYSE-American: NGD) (TSX: NGD) has agreed to acquire the remaining 19.9% free cash flow interest in its New Afton copper-gold mine from the Ontario Teachers' Pension Plan for $300 million. The deal will be funded through a mix of available cash, a credit facility, and a gold prepayment arrangement that covers about 8% of New Gold's expected gold production over the next year. "This is an excellent transaction allowing New Gold to fully consolidate the free cash flow exposure to one of Canada's highest quality gold/copper assets, which we already own and operate," said New Gold president and CEO Patrick Godin. "This transaction allows us to grow in an exceptional location with no diligence or integration risk, and with no equity dilution to our shareholders." This move gives New Gold full 100% free cash flow exposure to New Afton, one of Canada's top-tier gold-copper assets. Godin also highlighted that with the ramp up of the C-Zone, New Afton is on the verge of exceptional production growth and cost improvement, which should lead to increased free cash flow generation. Thor Explorations Ltd. (TSXV: THX) (OTCPK: THXPF) recently reported strong full-year 2024 results, highlighted by 85,057 ounces of gold poured at its Segilola Gold Mine in Nigeria and the announcement of its maiden dividend. The company also advanced exploration across Nigeria, Senegal, and Côte d'Ivoire, with positive drill results at the Douta project and the discovery of a promising new zone at Baraka 3. "In 2025, the Group's strategy will be focussed on increasing shareholder value by extending the Segilola mine life and advancing the Douta Project in Senegal," said Segun Lawson, President and CEO of Thor Explorations. "At the same time, we are encouraged by the early exploration results on our newly assembled portfolio in Côte d'Ivoire. We look forward to advancing these projects through 2025." In Côte d'Ivoire, Thor expanded its presence with new acquisitions and began early-stage exploration on several permits. Looking ahead to 2025, Thor has guided for gold production between 85,000–95,000 ounces and plans to spend up to $17.5 million on exploration across West Africa. Backed by strong cash flow and a debt-free balance sheet, Thor is now positioned to self-fund its growth while returning capital to shareholders. WESTGOLD RESOURCES LIMITED (TSX: WGX) (OTCPK: WGXRF) has activated its ore purchase agreement with New Murchison Gold for the Crown Prince gold deposit in Western Australia. Under the deal, Westgold will acquire between 30,000 and 50,000 tonnes of ore per month from the deposit, located just 33km from its Bluebird processing facility in Meekatharra. Ore shipments must meet a minimum gold grade of 1.5 g/t and will be transported by road for processing as part of Westgold's Murchison operations. This agreement strengthens Westgold's regional ore supply as it continues to evaluate long-term growth options across its Western Australia asset base. Dakota Gold Corp. (NYSE-American: DC) has closed a $35 million financing, bringing its total cash position to over $47 million and fully funding the company through the completion of a Feasibility Study for its Richmond Hill Oxide Heap Leach Gold Project. Richmond Hill is one of the largest undeveloped gold resources in the U.S. being advanced by a junior, with the next key milestone being the release of an Initial Assessment with Cash Flow (IACF) in mid-2025. Drilling is set to resume in April, as the company progresses toward potential production by 2029 in a favorable U.S. permitting environment. Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/ CONTACT: USA NEWS GROUPinfo@usanewsgroup.com(604) 265-2873 DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca media corp, who has been paid a fee for an advertising contract with the company (333,333 unrestricted shares received via DRS from the company direct) MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also own Baystreet.ca Media Corp. There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lake Victoria Gold Ltd. reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by Lake Victoria Gold Ltd.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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