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ABU DHABI, UAE - Media OutReach Newswire - 7 November 2024 - The Zayed Sustainability Prize, the UAE's pioneering award for sustainability and humanitarianism, has announced 33 finalists for innovative solutions to global challenges from 5,980 submissions across 156 countries. These innovators leverage AI and advanced tech to address carbon capture, sustainability, and essential access to clean energy, water, food, and healthcare. Winners will be announced at the Zayed Sustainability Prize Awards on January 14, 2025, during Abu Dhabi Sustainability Week. Finalists span six categories: Health, Food, Energy, Water, Climate Action, and Global High Schools, reflecting a 15% increase in entries from the previous year, including from SMEs, non-profit organisations, and high schools. H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Director General of the Zayed Sustainability Prize, and COP28 President, highlighted that the finalists demonstrate exceptional innovation and impact. "This cycle, we received an unprecedented number of submissions, with notable participation from the Global South and youth. In fact, this year's submissions reflect the three megatrends shaping our future, namely the rise of the Global South, the pace of the energy transition and the growth of AI. These changemakers are tackling urgent environmental challenges head-on, while simultaneously advancing economic progress through innovative solutions. By leveraging emerging technologies, such as AI, carbon capture and removal, tidal energy, precision agriculture, biomimicry, and climate analytics, they are addressing the needs of the moment while inspiring the next generation to innovate and drive sustainability in impactful ways." Health finalists this year provide quality healthcare to underserved, remote communities. The Health finalists are: · Periwinkle Technologies (India): Portable AI-enabled cervical cancer screening with 30-second results. · Rology (Egypt): 24/7 AI-assisted teleradiology for quick, accurate diagnoses. · Telemedan (Chad): Solar-powered medical kiosks for affordable healthcare in remote areas. Food finalists aim to empower small-scale producers, support sustainable food preservation, and convert arid land into productive farms. The Food finalists are: · ABALOBI (South Africa): Mobile app and marketplace for small-scale fishers to log catches and sell directly. · Nafarm Foods (Nigeria): Hybrid solar food dryers to preserve food and reduce CO2 emissions. · Xinjiang Shawan Oasis Institute (China): Solar-powered smart greenhouses transforming desert land into farms. Energy finalists provide solutions to boost energy efficiency and expand access to clean energy and transportation. The Energy finalists are: · D-Olivette Global Enterprise (Nigeria): IoT and AI-driven smart waste management, boosting efficiency by 40%. · Palki Motors Limited (Bangladesh): Low-cost electric cars with solar-powered battery swap stations. · Turbulent (Belgium): Eco-friendly vortex hydropower turbines with 60% efficiency. Water finalists focus on optimising water use and enhancing access to clean drinking water. The Water finalists are: · Elman Teknoloji Ltd (Türkiye): Sensor-based water optimization in irrigation, reducing labor costs by 80%. · High Atlas Foundation (Morocco): Solar-powered water pumping for optimized groundwater extraction. · SkyJuice Foundation Inc. (Australia): Affordable, easy-to-deploy water filters requiring no chemicals or external energy. Climate Action finalists are advancing carbon capture, ecosystem restoration, and climate resilience. The Climate Action finalists are: · Distant Imagery (UAE): AI-powered drones for environmental monitoring, seed planting, and habitat restoration. · Hyera Inc. (USA): Carbon capture technology converting waste into activated carbon to remove water pollutants. · OpenMap Development Tanzania (Tanzania): Flood management solution integrating indigenous knowledge with geospatial data The Global High Schools' finalists presented project-based, student-led sustainability solutions, with finalists divided into six regions. The regional finalists include: The Americas: Centro de Estudios Tecnológicos del Mar 07, Mexico Institución Educativa San Nicolás de Tolentino, Colombia Mulgrave School, Canada Sub-Saharan Africa: Mpesa Foundation Academy, Kenya Sakafia Islamic Senior High School, Ghana St Kizito High School Namugongo, Uganda Middle East & North Africa: Benlahrech Said High School, Algeria Merryland International School Abu Dhabi, UAE Obour STEM School, Egypt Europe & Central Asia: Baku Modern Educational Complex, Azerbaijan Gebze Bahçeehr Science & Technology High School, Türkiye Presidential School in Tashkent, Uzbekistan South Asia: Faafu Atoll Education Centre, Maldives Girls Higher Secondary School Khaplu, Pakistan Janamaitri Multiple Campus, Nepal East Asia & the Pacific: Beijing World Youth Academy, China Te Pā o Rākaihautū, New Zealand Votualevu College, Fiji In the Health, Food, Energy, Water and Climate Action categories, each winner receives US $1 million. Each of the six winning Global High Schools receives up to US $150,000. Hashtag: #ZayedSustainabilityPrizeThe issuer is solely responsible for the content of this announcement.
Strengthening Ties in Innovation and Investment with the Middle EastHONG KONG SAR – Media OutReach Newswire - 6 November 2024 - At the Future Investment Initiative Institute 8th Edition (FII8), held from 29th October to 31st October in Riyadh, Saudi Arabia, the Hong Kong Science and Technology Parks Corporation (HKSTP) made significant strides in bridging Hong Kong and the Middle East's innovation and technology (I&T) ecosystems and capital investment. Witnessed by the HKSAR Financial Secretary Paul Chan (first from right) and FII Institute’s CEO Richard Attias (first from left), Albert Wong, CEO of HKSTP (second from right) and Rakan Tarabzoni, COO of FII Institute (second from left) signed a strategic partnership. Witnessed by the Hong Kong Special Administrative Region's (HKSAR) Financial Secretary Paul Chan and FII Institute's CEO Richard Attias, HKSTP's CEO Albert Wong signed a strategic partnership with FII Institute's COO Rakan Tarabzoni, making FII Institute a Global Strategic Partner of HKSTP's Global Connect programme, which will connect 20 high-potential Middle Eastern companies annually to Hong Kong, and vice versa. HKSTP has also been recognised as part of FII Institute's Investment Ecosystem. Richard Attias, CEO of the FII Institute, applauded this partnership stating, "Today, we proudly welcome HKSTP into FII Institute's Investment Ecosystem. Together, we will foster an environment where ideas flourish, investments thrive, and a new era of growth is realised, paving the way for a sustainable future." In addition, HKSTP also signed a partnership agreement with Beta Lab, where HKSTP will introduce its Park companies to the venture capital firm, providing them an opportunity to access Beta Lab's new US$300 million investment fund. Led by CEO Albert Wong, HKSTP's unprecedented delegation of 25 tech ventures explored new business and investment opportunities at FII8, which is part of HKSTP's "Innovation Mixer" initiative. Seven of them secured partnerships with Middle Eastern partners to drive meaningful impact on humanity and economic growth. HKSTP also hosted the "Hong Kong Tech Disrupt" reception on the sidelines of FII8 to introduce the capabilities of HKSTP's robust I&T ecosystem and showcase Park companies' world-class innovations to the broader community of Middle Eastern investors and business partners. The nine partnership agreements mark a milestone in the Hong Kong government's broader initiative to strengthen ties with the Middle East in technological advancement, economic development and investment opportunities between the two regions -- priorities outlined in Hong Kong's latest Policy Address in mid-October. This also aligns with HKSTP's Go Global vision and commitment to advancing Hong Kong into an international I&T hub. Albert Wong, CEO of HKSTP said, "These groundbreaking collaborations reflect a shared commitment to strengthening our collaboration in creating opportunities for tech ventures from both regions to reach their highest potential. It also demonstrates our bold vision to drive progress in scientific, economic, and technological development for a better future. As a cradle and springboard for world-class innovation, HKSTP will continue to support our Park companies in unlocking the boundless potential of technology through cross-border collaboration with our Middle Eastern partners." Seven HKSTP Park companies signed MoUs with Middle Eastern organisations under the witness of the HKSAR Financial Secretary Paul Chan (middle of back row), Albert Wong, CEO of HKSTP (left of back row) and Nicholas Ho, HKSAR Commissioner for Belt & Road (right of back row) Key highlights of the seven partnerships signed between HKSTP's and Middle Eastern enterprises or organisations: In logistics and connectivity, Westwell is partnering with Ports Services & Storages, to integrate smart technology in logistics, container yard and supply chain activities in the Middle East and North Africa. Furthermore, Kian Alraqmiah Company's introduction of Altai's industrial-grade Wi-Fi solutions into Saudi Arabian container terminals and industrial zones will bring cutting-edge automation and connectivity to streamline regional trade. In AI and robotics, FJ Dynamics, a leading robotics and automation solutions provider for industries like agriculture, construction, and landscaping, is partnering with Saudi-based Sintechs to enhance robotics technology and marketing perspectives across critical industries, aligning with the Gulf region's tech-forward vision. Manifold Tech's AI-powered spatial intelligence solution will empower Geo Tech to collect, manage, and analyse large amount of real-time geospatial data more efficiently, raising industry standards. Nasla Tourism will deploy XKool's AI-powered construction management solution in its latest sport-themed park. In sustainability and green tech, the MoU between Volar Air Mobility and Aeronautica Aviation exchange knowledge and optimise both of their expertise to advance electrical aircraft operation in the Middle East. In wellness and health tech, innovative health wearable devices company Ninenovo will leverage Techmart Corporate's distribution network to expand in the UAE, Oman, Bahrain, Qatar and Kuwait, enriching consumer options for the Middle East fast-growing wellness-focused market. Park company Archireef, a global pioneer of 3D-printed terracotta reef tiles for ocean restoration, was also voted "Audience Choice Award" at the FII8 Innovators Pitch Competition, competing against five up-and-coming startups from around the world. Hashtag: #hkstp #FII8The issuer is solely responsible for the content of this announcement.
LENZING, Austria, Nov. 6, 2024 /PRNewswire/ -- Lenzing Nonwovens, a leading supplier of regenerated cellulose fibers, is proud to announce the expansion of its LENZING™ Lyocell Dry fiber portfolio with two new cellulosic fibers – a fine dry fiber that delivers strength and softness and a coarse dry fiber which provides enhanced liquid and air flow. These two innovative products enable customers to confidently broaden their use of LENZING™'s wood-based[1] and biodegradable[2] fibers into a wider range of applications while maintaining exceptional performance. All LENZING™ Lyocell Dry fibers within the family (standard, fine, and coarse) have hydrophobic properties[3] which ensure efficient liquid management suitable for extensive nonwoven applications. The new LENZING™ Lyocell Dry fine fiber can produce nonwoven fabrics with higher density compared to LENZING™ Lyocell Dry standard fiber. With up to 30% more cellulosic fibers in the same space, customers can create strong and soft nonwoven products. These fibers are suitable for use in hygiene applications such as diapers or sanitary pads. The new LENZING™ Lyocell Dry coarse fiber creates fabrics that are more open due to its extended fiber diameter, and thus increasing the pore sizes between the fibers in the fabric. This allows for more air or liquid to flow through the material. It is particularly suitable for the acquisition and distribution layer in hygiene products and is also being explored for industrial filtration applications. Monique Buch, Executive Vice President Nonwoven at Lenzing AG said, "By offering a diverse range of hydrophobic cellulosic fibers from fine to coarse, which are not plastic according to the EU's Single-Use Plastics Directive (SUPD), our customers can use alternative fibers for a wider range of applications whilst delivering superior performance." Lenzing will showcase its innovative LENZING™ Lyocell Dry fiber family at tabletop 202 during the Hygienix Conference, November 18-21, 2024. Facts and figures: LENZING™ Lyocell Dry fine has a linear density of 1.3dtex LENZING™ Lyocell Dry standard has a linear density of 1.7dtex Fabrics produced using LENZING™ Lyocell Dry fine and standard have the same basis weight (eg. 50gsm) but the "fine" material has a higher density with up to 30% more fibers in the same space. LENZING™ Lyocell Dry coarse has a linear density of 6.3dtex [1] Please refer to Lenzing Wood and Pulp Policy for more information. [2] A range of LENZING™ Lyocell and Viscose fibers for nonwoven applications are certified by TÜV AUSTRIA to be biodegradable in soil, freshwater and marine conditions and compostable under home and industrial conditions. [3] Water drop contact angle measured >100° after 1h for all LENZING™ Dry fibers About the Lenzing Group The Lenzing Group stands for the ecologically responsible production of regenerated cellulose fibers based on cellulose and recycled material. As an innovation leader, Lenzing is a partner to global textile and nonwoven manufacturers and drives many new technological developments. A range of LENZING fibers is also certified by TÜV AUSTRIA for the following properties: biodegradable in soil, fresh water and marine environment as well as compostable in home applications and industrial facilities. Lenzing Nonwovens includes VEOCEL™, Lenzing Group's flagship specialty nonwovens brand used in baby care, beauty and body care, intimate care, and surface cleaning applications, and LENZING™ for industrial applications which range from agriculture to workwear, packaging to biorefinery products. The VEOCEL™ and LENZING™ fibers are wood-based and have properties such as natural absorbency and hydrophobicity, they are biodegradable, high-performing and incredibly versatile. To learn more about VEOCEL™ and the sustainability features, performance and production processes please visit https://www.veocel.com/ To learn more about LENZING™ and the wide range of applications of these specialty fibers please visit https://www.lenzingindustrial.com/
NEW YORK, Nov. 5, 2024 /PRNewswire/ -- Peritus Capital is pleased to announce a successful term loan arrangement for Oberland Agriscience Inc. The non-dilutive funding will support the Halifax-based company in scaling its production through equipment acquisitions and increased working capital. Oberland Agriscience, a leader in sustainable protein, operates one of Canada's largest Black Soldier Fly Larvae (BSFL) farms. It specializes in resilient, nutrient-rich ingredient solutions for aquaculture, pet food, poultry feed, and agriculture industries. The company leverages cutting-edge technology and automation, including machine learning and predictive analytics, to optimize its production processes, setting a new standard in the sustainable protein market. "Black soldier fly larvae are extraordinary insects capable of transforming nearly any organic waste into valuable protein at a remarkable rate. Oberland's rigorous, scientific approach positions it at the forefront of the sustainable protein revolution," said Howard Tang, CEO of Peritus Capital. The newly secured funding will help Oberland scale operations at its 108,000-square-foot Grassy Lake facility. This follows the success of its pilot farm, which operated for over seven years. The new production plant is projected to produce 3,500 tons of dry protein and 9,000 tons of frass annually, diverting 36,000 tons of pre-consumer waste from landfills and significantly reducing associated carbon dioxide emissions. "Partnering with Peritus Capital to secure this investment is a tremendous win for us and the insect farming industry," said Dr. Greg Wanger, Founder and CEO of Oberland Agriscience. "The global population continues to soar, and the food waste problem isn't going away. Insects are natural to many animal diets, especially fish, and thus are an excellent ingredient in these feeds." About Peritus CapitalPeritus Capital is a boutique investment firm that invests in, supports, and finances the global development of ROI-generating, early-stage, and established corporates that integrate environmentally conscious practices in food production, focusing on the aquaculture sector. We are a global team with an extensive network of international investors able to invest across multiple geographies. Peritus Capital LLC is a broker-dealer registered with the U.S. Securities and Exchange Commission and a FINRA member. Media ContactCourtney BoshCourtney@perituscap.com Investor ContactChing Ryan Ching@perituscap.com
Aurora Motors is a global provider of Vertical Pump Motors Their products are distributed in 30 countries spanning the agriculture, municipality, industrial and fire protection industries The acquisition represents a significant enhancement to NEMA's product portfolio, bolstering the most comprehensive range of industrial electric motors in the global market FORT SMITH, Ark., Nov. 5, 2024 /PRNewswire/ -- ABB announced today it has signed an agreement to purchase Aurora Motors. This acquisition provides a well-regarded product portfolio, a longstanding customer base in 30 countries and an experienced customer-centered sales structure, as well as solid partnerships with strategic suppliers. Aurora Motors is a $4 million U.S. Vertical Pump Motors provider, with engineering and operations in Shanghai, China and a corporate office and distribution center in Hayward, California. Financial terms were not disclosed, and the transaction is expected to be closed before the end of the 2024 financial year. This transaction is part of the Motion Business area's profitable growth strategy, and it will allow the NEMA Motors Division to enhance its product offering, expand its supply chain and improve support to its global customer base. "This bolt-on acquisition is a strategic move that not only expands our global footprint but also fills key market white spots. This acquisition aligns with our vision to enhance innovation and deliver unparalleled value to our customers worldwide," said Jesse Henson, President of ABB's NEMA Division. "By integrating Aurora Motors expertise, we are poised to accelerate growth and redefine industry standards, ensuring long-term success for our stakeholders." "Combining Aurora's extensive experience and expertise in the vertical pump motor sector with ABB's top-tier operations and commitment to excellence in the industry is genuinely thrilling!" said Conroy Shum, President of Aurora Motors. The global NEMA motor industry, roughly $3.4 billion in size*, comprises industrial electric motors primarily used within North America. NEMA motors are essential components used to run equipment in industries such as food and beverage, oil and gas, mining & aggregate, and water and wastewater and in applications like those which move air, liquids, and units. *low voltage motors report 2023 ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and more than 105,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com ABB Motion, a global leader in motors and drives, is at the core of accelerating a more productive and sustainable future. We innovate and push the boundaries of technology to contribute to energy efficient, decarbonizing and circular solutions for customers, industries and societies. With our digitally enabled drives, motors and services we support our customers and partners to achieve better performance, safety and reliability. To help the world's industries outrun – leaner and cleaner, we deliver motor-driven solutions for a wide range of applications in all industrial segments. Building on over 140 years of domain expertise in electric powertrains, our more than 22,000 employees across 100 countries learn and improve every day. go.abb/motion. For more information please contact: Media Relations Phone: +1 919-561-8639 ABB Motors and Mechanical Email: chris.shigas@us.abb.com 5711 R. S. Boreham Jr. St., Fort Smith AR 72902 USA Phone: +1 617-356-6612 Email: nani.duraes@us.abb.com
SHANGHAI, Nov. 5, 2024 /PRNewswire/ -- The 7th China International Import Expo (CIIE) opened at the National Exhibition and Convention Center in Shanghai, China on November 5, 2024. Sinochem Holdings, one of the world's leading chemical conglomerates, participated in the event for the seventh consecutive year. Leveraging its international operations, the company organized five overseas subsidiaries for the event to deepen global industrial cooperation and share opportunities in the Chinese market. During a dedicated signing ceremony, Sinochem Holdings secured procurement agreements with over 20 companies from more than 10 countries and regions, including Saudi Arabia, Kuwait, Iraq, Japan, France, Malaysia, the US, Germany, India, Thailand, and China's Taiwan region. These agreements spanned various sectors, such as crude oil, petroleum products, high-quality chemicals, food, agricultural products, high-end intelligent equipment, technology research, and digital production services, totaling over $13.6 billion. Sinochem Holdings emphasized its strategy of expanding diverse import channels to ensure supply chain stability. Partnerships with renowned companies such as Saudi Aramco, Kuwait Petroleum, Mitsui & Co., Ltd., Vitol Group, TotalEnergies, CHIMEI, Kao Corporation, and Sri Trang Group enabled the import of high-quality crude oil, petroleum products, methanol, engineering plastics, emulsifiers, industrial salt, and natural rubber. By collaborating with upstream energy and chemical companies, Sinochem Holdings is enhancing quality import channels to stabilize domestic supply chains. Furthermore, Sinochem Holdings focuses on new productive forces and is committed to promoting high-quality development in domestic industries. The company has been dedicating to enhancing the business presence of its overseas subsidiaries in China, empowering domestic industries with advanced global technologies. Five participating subsidiaries—Syngenta Group (Switzerland), Adisseo (France), Elkem (Norway), KraussMaffei (Germany), and Prometeon Tyre Group (Italy)—showcased innovative technologies and solutions in areas like biotech breeding, digital agriculture, animal nutrition, new chemical materials, low-altitude economy, additive manufacturing, high-end tires, and green low-carbon technologies. These companies signed multiple supply agreements with Chinese clients at the CIIE, generating sales exceeding $1.5 billion.
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