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Rebranded and renamed company to embark on a new chapter of growth; eyes portfolio growth and diversification as well as AEIs (as defined below) to improve guest experience and optimise value of assets SINGAPORE, Jan. 26, 2024 /PRNewswire/ -- Prosper Cap Corporation Limited ("ProsperCap" or the "Company", and together with its subsidiaries, the "Group"), a company with a focus on investing in and managing the operations of hospitality and lodging-related business, will be making its trading debut on the Singapore Exchange ("SGX") Catalist board at 9.00 a.m. on Friday, 26 January 2024, following the completion of a reverse takeover ("RTO") of 3Cnergy Limited. The listing ceremony of ProsperCap will be held on the morning of 29 January 2024. Strong Potential in Post-Pandemic Travel Recovery ProsperCap owns a portfolio of 17 predominantly upscale hotels with a total of 3,383 keys located in key regional cities in the United Kingdom operated under franchise agreements with well-known international hotel brands, namely Hilton, IHG and Marriott. The portfolio has enjoyed a strong recovery, following the post-pandemic lifting of all social and travel restrictions worldwide. For the six months ended 30 June 2023 ("1H2023"), the Group's hospitality portfolio registered a net profit of approximately £27.8 million on the back of revenue increasing 17.4% to approximately £67.9 million from approximately £57.9 million in the same period a year ago ("1H2022"). Similarly, overall weighted average occupancy of the portfolio improved to 77.9% in 1H2023 compared to 68.9% in 1H2022 with an overall weighted rooms revenue per available room ("RevPAR") recovering to £75.44 in 1H2023 compared to £63.99 in 1H2022. In order to maintain momentum and leverage the post-pandemic recovery, the Group intends to work on a number of asset enhancement initiatives ("AEIs") aimed at maintaining and improving customer experience and thus the marketability of its existing portfolio of properties. The Group will also be actively exploring opportunities to further diversify its portfolio and expand its global footprint. Commenting on growth plans, Chief Executive Officer and Executive Director of ProsperCap, Mr Iqbal Jumabhoy said, "We are very delighted to be able to kick-off the new year with the listing of ProsperCap, which is a significant milestone for the Group and also for our major shareholder, Thai-conglomerate, DTGO Corporation Limited. As we embark on this new chapter as a listed company, we now look forward to further bolstering our presence as an owner and manager in the global hospitality and lodging-related market, while at the same time inculcating strong sustainability and social values in our business and investments, maximising both financial and social returns for all our stakeholders. The Group intends to leverage the extensive network of the DTGO Group as well as our relationships with third parties to acquire currently operational and revenue-generating hospitality or lodging assets such as hotels, serviced apartments or purpose-built student or worker dormitories all over the world." About DTGO Corporation Limited ProsperCap is a subsidiary of DTGO Corporation Limited ("DTGO Corporation", together with its subsidiaries, "DTGO Group"), a Bangkok-based conglomerate with a range of businesses including property development, commerce and technology, design and construction, finance and investment, and entertainment and communication. Founded in 1993 with a strong brand value aimed at being an ethical and socially responsible company with a 'business-social' principle focused on developing successful, enduring businesses that enhance the quality of life. Since its inception, DTGO Group has contributed approximately 2% of its revenue to social programmes. It has also won numerous awards in respect of good corporate governance, sustainability and social initiatives. DTGO Group has been awarded the prestigious 'World's Most Ethical Companies' by the US-based Ethisphere Institute from 2019 to 2023. It is the first Thai company to be recognised for this award which undertakes rigorous Ethics Quotient (EQ) surveys. Business Group Chairman - Finance & Investment of DTGO Corporation, Mr Hansa Susayan said, "DTGO Group has built an established and strong portfolio of ethical and socially responsible businesses over the years, constantly staying true to our brand ethos as a 'business-social' company. Singapore, as a trusted financial centre, has been consistently ranked as having the top three best corporate governance in Asia by the Asian Corporate Governance Association, which aligns with DTGO Group's brand values as ProsperCap embarks on this new chapter of growth while adhering to good corporate governance practices to deliver value to all our stakeholders and the community we serve." Issued for and on behalf of ProsperCap August Consulting Tel: (65) 6733 8873Janice Ong, janiceong@august.com.sgDave Tan, davetan@august.com.sgJoanna Tan, joannatan@august.com.sg| About Prosper Cap Corporation Limited Prosper Cap Corporation Limited plans to grow its presence as owner and manager in the global hospitality and lodging-related market. The Group currently owns a portfolio of 17 predominantly upscale hotels with a total of 3,383 keys located in key regional cities in the United Kingdom, with two of the hospitality assets located in Scotland and the remainder in England. The hospitality assets are managed by a leading hotel operator experienced with international and multi-brand hotel portfolios and operated under franchise agreements with well-known international hotel brands, namely Hilton, IHG and Marriott. Future strategic initiatives include expanding the portfolio and enhancing guest experiences. The Group is committed to a long-term value-added investment strategy that focuses on innovation in keeping with its financial and societal objectives for sustainable operations. This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement. The contact person for the Sponsor is Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.
TAIPEI, Taiwan, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, announced that the 60 MW / 80 MWh Longtan battery-based energy storage system for Taiwan Power Company (Taipower) has started operation. Located at the Taoyuan Longtan ultra-high voltage substation, the energy storage system was supplied by Fluence in partnership with TECO Electric & Machinery Co. (TECO). The Longtan energy storage system is currently Taipower’s largest storage project in Taiwan, with an installed capacity equivalent to the average daily electricity consumption of nearly 8,000 households. The project accounts for 37.5 percent of Taipower’s storage capacity and serves as a significant milestone for Taiwan’s net-zero transformation. “Fluence has more than 15 years of experience in designing, engineering, and delivering large-scale energy storage systems globally. We are very honored to deepen and expand our long-term partnership with TECO through our cross-regional team and technology collaboration,” said Jan Teichmann, SVP & President APAC at Fluence. “Leveraging the global experience and advanced technology of the Fluence team, combined with TECO's expertise in large-scale energy storage system construction, we have jointly delivered Taiwan’s largest government energy storage project with proven technology and superior services that exceeded Taipower’s technical requirement. It further demonstrates our long-term commitment to Taiwan's energy transition.” Taipower’s energy storage system at Longtan, Taoyuan is a key project for the Taiwan government. In the future, when a large amount of offshore wind power is connected to the Taipower system, energy storage systems will play a key role in stabilizing the power grid. Safety is a core element of Fluence's business. With more than 7 GW of energy storage systems contracted and deployed in 47 markets, the Fluence fleet has delivered grid services with a strong safety record around the globe. Fluence's industry-leading technology development ensures that safety measures cover every stage of the energy storage system lifecycle to maximize the protection of people and assets. “Looking ahead, Fluence will continue to work with local partners to expand energy storage business opportunities in Taiwan,” said Teichmann. “Energy storage is the key enabler that will help accelerate Taiwan's energy transformation.” About FluenceFluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and optimization software for renewables and storage. With a presence in 47 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled digital applications for managing and optimizing renewables and storage from any provider. The company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids. For more information, visit our website, or follow us on LinkedIn or Twitter. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog. Forward-Looking StatementsThe statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of the Longtan Energy Storage Project, performance and response times of Fluence energy storage systems, potential impact of Fluence on the overall Taiwan energy storage industry and Taiwan’s goals relating to renewable energy, and introduction of future energy storage systems in Taiwan by Fluence and future plans in Taiwan relating to energy transformation. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, impacts to the Longtan Energy Storage Project from geopolitical instability, extreme weather, and/or changes in Taiwan regulatory regime and energy goals relating to renewables and energy storage, failure to achieve the anticipated benefits and operational performance from the Longtan Energy Storage Project, and other factors set forth under Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023, filed with the Securities and Exchange Commission (“SEC”) on November 29, 2023, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. Media ContactAdele Zhang, Head of Marketing & Communications, APACEmail: Adele.Zhang@fluenceenergy.com Phone: +61 406529688 Analyst ContactLexington May, Vice President of Finance & Investor RelationsEmail: investorrelations@fluenceenergy.comPhone: +1 (713) 909-5629
HAMBURG, Germany, Jan. 25, 2024 /PRNewswire/ -- Picture is available at AP - The investigation into the Hubert Seipel case commissioned by NDR has been completed. The report issued by former Spiegel editor-in-chief Steffen Klusmann confirms misconduct on the part of the freelance author. Hubert Seipel should have disclosed his sponsorship contracts to NDR. Regarding NDR and ARD, there was no evidence that those involved in the production knew about the Russian payments or benefited financially from them. The allegation that Seipel had the biopic "Ich Putin" [I, Putin] "approved" by the Kremlin before it was broadcast has also not been confirmed. To this day, Hubert Seipel maintains that his Russian sponsor did not influence his book projects or the films. However, according to the report, the author was "open to bribery through proximity." Seipel lost the necessary distance due to his exclusive access to Putin. The suspicion that NDR disregarded a "warning" about Seipel or Russian influence has also not been confirmed, as there was no concrete and substantiated warning. Although there was no evidence of NDR employees neglecting their duties, the report concludes that Seipel had been heavily wooed over the years and had not received enough critical scrutiny. Joachim Knuth, Director-General at NDR: "I want to thank the team for the report. It clearly shows that nobody at NDR knew about the money flowing to Hubert Seipel from Russia because the author had concealed it, and there were no other indications. The report also provides us with valuable suggestions. We will strike a clearer balance between closeness and distance to protagonists in large biographies, as well as between skepticism and enthusiasm – even more so in the case of particularly strong material. I have now asked three colleagues from the editorial and legal departments to take up the suggestions in Steffen Klusmann's report and put them into concrete terms for us." About the report The Klusmann Report traces what Seipel specifically worked on between 2009 and 2017 and the conditions under which documentaries and book projects on Russia, among other things, came about. The main focus is on the documentary "Ich, Putin" [I, Putin] (2012) and "Putin - Das Interview" [Putin - The Interview] (2014). Dr. Michael Kühn, NDR's chief legal advisor, who is also responsible for compliance issues, shed light on the legal dimension of the Seipel case for the report. Klusmann and Kühn reviewed numerous documents for the report, journalistically assessed Seipel's films, and contacted around 40 people. Among them was Hubert Seipel himself, who answered questions in writing. Russia expert Dr. Gesine Dornblüth examined Seipel's films to contextualize them in the period they were produced. Dornblüth worked as a Moscow correspondent for Deutschlandradio [Radio Germany] from 2012 to 2017. The Klusmann Report and Dr. Gesine Dornblüth's expert opinion on Seipel's films are available on the NDR website. Contact: Norddeutscher RundfunkUnternehmenskommunikationPresse und KommunikationMail: presse@ndr.dewww.twitter.com/NDRpresse+49(0)40/41562300
TAMPA, Fla., Jan. 25, 2024 /PRNewswire/ -- BICSI, the global association leading the advancement of the information and communications technology (ICT) profession, released today its updated 15th edition of the Telecommunications Distribution Methods Manual (TDMM). The TDMM was first published in 1985 and has become the recognized cornerstone of the ICT design industry. It is the basis for the Registered Communications Distribution Designer® (RCDD®) certification, a qualification integral to the design and implementation of reliable telecommunications distribution systems around the world. Today, the TDMM serves as an international resource in global ICT design and installation leading practices. The TDMM 15th edition builds on the two-time award-winning TDMM 14th edition by incorporating new information and updated content throughout its 2,000-plus pages spanning 22 chapters. Some of the new information included in this edition covers single-pair ethernet cabling and connectors, discontinuous cable shields, 28 AWG patch cords, SC/APC type optical fiber connectors, optical fiber polarity, Class 4 fault managed power circuits, and various types of construction schedules. Additionally, it includes new and updated photos and color figures to better illustrate key points and concepts. Content from the previous edition was also updated in the 15th edition to reflect current electromagnetic compatibility standards, intelligent building and data center standards and best practices, quality of service considerations in data network design, HVAC and fire suppression systems within ICT spaces, and the coordination required for rough-in cable installations. This latest edition also provides updated ICT designer roles during a project and much more. The just-released TDMM 15th edition will be available for an in-person preview and purchase at the upcoming 2024 BICSI Winter Conference & Exhibition in Orlando, Florida, 28 January-1 February in the BICSI Community, located at Rosen Shingle Creek in the Sebastian Ballroom Pre-Function area. About BICSI: BICSI is a professional association supporting the advancement of the information and communications technology (ICT) profession and currently serves more than 26,000 members and credential holders. BICSI is the preeminent resource for the Connected World. Headquartered in Tampa, Florida, USA, BICSI membership spans nearly 100 countries.
AMERICAN FORK, Utah, Jan. 25, 2024 /PRNewswire/ -- GreenLiT Pure Lithium, Inc. (GreenLiT™), a wholly-owned subsidiary of IBC Advanced Technologies, Inc. (IBC), will commercialize IBC's proprietary Direct Lithium to Product™ (DLP™) process, which provides a rapid, direct route to produce battery-grade lithium end-products including lithium hydroxide and lithium carbonate. The DLP™ process: Has essentially no water consumption: only 10 m3 water per metric ton lithium carbonate equivalent (LCE) is added to the lithium depleted brine and returned to the brine source, mitigating ecological damage Is highly energy-efficient: green lithium is produced with very low energy consumption, 10 kWh/kg lithium hydroxide monohydrate from extraction to final product Has been shown (analyses performed by the Universidad de Atacama, an independent third-party laboratory) at large pilot scale in Chile to: directly extract 99+% of Li from brine directly produce battery-grade (99.75%) lithium hydroxide monohydrate at the same site as direct lithium extraction from brine with non-detectable levels of magnetic and other impurities including Fe, Co, Ni, Cr, Mg, Mn, Zn, Cu, Pb, Cd, Al, Ag, B, Ga, Bi, Ba, Ca, Sr, Tl, and In without the need to first produce lithium carbonate yield 99% overall recovery of lithium from brine to production of lithium hydroxide monohydrate product The demand for lithium end-products is expected to increase from nearly 1 million metric tons LCE in 2023 to an estimated 3.5 million metric tons LCE by 2033, with most of that growth coming from lithium hydroxide. GreenLiT™ is perfectly positioned to supply the market with battery-grade lithium end-products. The DLP™ process allows brine operators to directly produce lithium hydroxide without the need to first produce lithium carbonate. This eliminates extensive, environmentally damaging secondary processing required to convert lithium chloride to carbonate and then to hydroxide. As previously reported, DLP™ has met key milestones at large pilot scale at Salar de Maricunga, Chile (Simco Lithium): IBC Produces 99.5+% Lithium Hydroxide Monohydrate Product from Brine at Salar de Maricunga, Chile using Direct Lithium to Product™ (DLP™) Process (prnewswire.com) IBC Demonstrates Highly Selective, High Yield (99+%) Direct Lithium Extraction from Brine at Salar de Maricunga, Chile using Direct Lithium to Product™ (DLP™) Process (prnewswire.com) Simco Lithium hopes to begin construction of a commercial DLP™ plant to process Salar de Maricunga brine this year (EV Firms in Talks to Bankroll Chilean Mine Project, Developer Says - Bloomberg) and has announced an agreement to produce environmentally friendly lithium in Chile with Japan's Panasonic Energy Co. and Chori Co. Ltd. SIMCO, a JV between Simbalik and Grupo Errázuriz, signs an agreement with Panasonic Energy Co. ("Panasonic") and Japan's Chori for SIMCO to develop and produce environmentally friendly lithium in the Salar de Maricunga. – MEDIABANCO News Agency – Chile Steven R. Izatt, President and CEO of IBC commented, "GreenLiT Pure Lithium™ is poised to completely revolutionize the production of lithium by providing a rapid, direct path to battery-grade lithium end-products and avoiding the unnecessary secondary processing that plagues conventional and direct lithium extraction (DLE) processes, which are environmentally damaging and result in large lithium losses. The DLP™ process completely avoids the need to first produce lithium carbonate before producing lithium hydroxide. Highly efficient water and energy usage by the DLP™ process provides an eco-friendly platform for sustainable lithium production. Strategic alliance and equity investment discussions are underway to further strengthen the position of GreenLiT™ in the marketplace." Background of GreenLiT™ and IBC GreenLiT Pure Lithium, Inc. is a wholly-owned subsidiary of IBC Advanced Technologies, Inc., an award-winning manufacturer and supplier of highly selective separations products, engineered systems and processes based on Molecular Recognition Technology™ (MRT™), including the transformative Direct Lithium to Product™ (DLP™) process for highly selective direct lithium extraction from brine and direct production of battery-grade lithium end-products. GreenLiT™ was created to widely commercialize the DLP™ process and sustainably meet the booming demand for battery-grade lithium end-products in a highly water and energy efficient manner with minimal environmental impact. www.greenlitpurelithium.com www.ibcmrt.com Media contact: info@ibcmrt.com
Worldwide provider of GDS to enhance existing investment in ServiceNow's Customer Experience platform with 3CLogic's certified solution to optimize travel services and experiences. ROCKVILLE, Md., Jan. 25, 2024 /PRNewswire/ -- 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced the recent selection of its offering by a leading B2B travel platform serving hotels, airlines, car rental companies, and travel agencies in over 60 countries. The strategic move, in collaboration with the company's existing use of ServiceNow's Customer Service Management (CSM) product, will help streamline internal service operations while optimizing daily customer interactions in over 30 languages. With services available across five continents, 3CLogic continues to gain favor among Global 2000 enterprises seeking to overcome the traditional boundaries between Contact Center as a Service (CCaaS) solutions and service management platforms. "As enterprises assess their CX needs, especially in CCaaS, many are realizing that replacing one contact center solution with another is not transformational in itself," explains Matt Durkin, VP of Global Sales at 3CLogic. "Meaningful value can only be reached when customer engagement channels are natively woven into the workflows and systems they already use. The result is a single unified solution delivering better customer experiences and operational efficiency." With over 400 agents distributed worldwide, the deployment will enable several ServiceNow-centric capabilities designed to enhance the organizations CX operations including: Dynamic ServiceNow IVR – the ability to route and personalize calls based on attributes and context data stored in ServiceNow (i.e.: language preference, location, product, use case categorization etc.). Announcements are dynamically sourced from ServiceNow tables, allowing administrators to implement changes directly from within ServiceNow without the need to directly modify the IVR call flows. ServiceNow-integrated Multi-language Call Transcriptions – call transcripts (over 30+ languages) auto-posted to ServiceNow records (i.e.: Case, etc.) to reduce manual agent tasks and streamline communication between teams, while feeding ServiceNow's GenAI to facilitate further automation (i.e.: call summarization, auto ticket creations, etc.). Integrated ServiceNow Skills – ability to universally create, apply, and manage agent skills from a single interface reducing administrative overhead by ensuring ServiceNow Agent skills remain in sync with Contact Center skills. ServiceNow-integrated Real-time Reporting – enrichment of ServiceNow with real-time call data (i.e.: interaction status, required skills for handling interactions, call duration, etc.) to enable native creation of omni-channel dashboards and reporting while complementing ServiceNow WFO. 3CLogic is a ServiceNow certified Technology and Build partner with offerings available for ServiceNow's IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions. The organization will be unveiling its latest set of capabilities at ServiceNow's annual Knowledge 2024 event this May in Las Vegas. For more information, please contact info@3clogic.com. About 3CLogic 3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today's leading CRM and Customer Service Management platforms. Globally available and leveraged by the world's leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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