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BEIJING, June 4, 2024 /PRNewswire/ -- Power Construction Corporation of China ("POWERCHINA" or "the Company") officially handed over the first site of the second phase of a microgrid photovoltaic project in Suriname on April 6, 2024. His Excellency Mr. Chandrikapersad Santokhi, President of the Republic of Suriname, and Chinese Ambassador to Suriname, Mr. Han Jing, among other dignitaries, attended the handover ceremony. The landmark project will provide more people in remote villages with an uninterrupted 24-hour power supply. POWERCHINA Completes the Second Phase of the Suriname Village Microgrid Photovoltaic Project The second phase of the Suriname Village Microgrid Photovoltaic Project is an off-grid microgrid project that combines photovoltaic, energy storage, and diesel generation hybrid energy. A total of five project groups covering 34 forest villages were constructed by POWERCHINA, and once fully complete, the annual power generation capacity will be approximately 5,314 MWh. This first handover site covers 12 forest villages, benefiting approximately 1,550 local villagers. On this day, President Santokhi delivered a speech expressing high appreciation for POWERCHINA's efforts and achievements in overcoming difficulties during project construction. He commented that the smooth handover of the first site of the project will bring a more stable and reliable power supply to the covered villages, which is of great significance to improving the quality of life of villagers and promoting local economic development. Suriname is located in the northern part of South America, and multiple primitive villages of various sizes are scattered along the Suriname River. Residents are situated far away from the city and live a simple life with no continuous power supply. In 2019, POWERCHINA signed a contract for the first phase of the Suriname village microgrid photovoltaic project. The scope of the project included the design, procurement, and construction of projects with 650 kilowatts of photovoltaics and 2.6 MWh of energy storage, utilizing China's green and low-carbon solutions to solve the problem of off-grid power supply in remote areas. The constructed microgrid is a small power generation and distribution system composed of distributed power sources, energy storage devices, energy conversion devices, and monitoring and protection devices, among others. It is an internal power grid system that distributes electricity in a normal way and, when power is insufficient, it can be bought back from the grid. Conversely, when power is abundant, it can be sold back to the grid. The construction of microgrids in local areas is relatively low-cost and flexible and can realize local consumption of new energy. In the future, as the proportion of green energy in the energy consumption structure increases, microgrids will play a more important role in significantly improving living standards for local people, helping them move towards modernization. About POWERCHINA Founded in 2011, Power Construction Corporation of China (POWERCHINA) is a leading construction group specializing in investment and financing, planning and design, engineering construction, equipment manufacturing, and operation management. The company ranked 105th among the Fortune 500 in the year 2023.
LISHUI, China, June 4, 2024 /PRNewswire/ -- CN Energy Group. Inc. (the "Company"; NASDAQ: CNEY) today announced that it received a written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") on May 28, 2024. The Notice notifies that the Company is not in full compliance with the minimum bid price requirement set forth in Nasdaq Listing Rules for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of US$1.00 per share, and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company's Class A ordinary shares for the 30 consecutive business days from April 15 through May 24, 2024, the Company no longer meets the minimum bid price requirement. The Notice does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until November 25, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's Class A ordinary shares must have a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. In the event that the Company does not regain compliance on November 25, 2024, the Company may be eligible for additional time to regain compliance. The Company's business operations are not affected by the receipt of the Notice. The Company intends to monitor the closing bid price of its Class A ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding Class A ordinary shares, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. About CN Energy Group. Inc. CN Energy Group. Inc. is currently listed on the Nasdaq Capital Market under the symbol of CNEY. With patented proprietary bioengineering and physiochemical technologies, the Company has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental and ecologic benefits. The Company's products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. For more information, please visit the Company's website at www.cneny.com. Forward-Looking Statements Certain statements, other than statements of historical facts, made in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company's operations and the demand for the Company's products, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial conditions, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will, " "expect, " "anticipate, " "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to refer to its filings with SEC, including without limitation, Company's registration statements and other filings with the SEC that set forth certain risks and uncertainties that may have an impact on future results and directions of the Company.
BINZHOU, China, June 4, 2024 /PRNewswire/ -- On May 29, State Grid Shandong Binzhou Power Supply Company mobilized its staff to carry out exhaustive inspections across key substations and transmission and distribution lines within its service area. These inspections aim to monitor electrical grid load fluctuations attentively, identifying and addressing defects and hazards promptly. This initiative is a key component of State Grid Binzhou Power Supply Company's "fist clenching" approach to ensure a reliable power supply during the summer peak. As the season of high electricity demand arrives, State Grid Binzhou Power Supply Company has fully launched initiatives to ensure power provision throughout the summer. The "fist clenching" strategy encompasses several measures: enhancing the supply guarantee mechanism and boosting collaboration between governmental and corporate entities; fortifying operational control to ensure the power grid and equipment remain safe and stable; refining equipment maintenance to bolster system and grid defense capabilities; and implementing precise load management to meet residential and industrial needs accurately. The company is intensifying its safety management to establish robust production and emergency safety lines, ensuring stable power supply throughout the summer. Concurrently, State Grid Binzhou Power Supply Company adheres to a "four-main-body" approach in supply responsibility, utilizing a "government-led, government-corporate coordination, corporate implementation" mechanism to ensure effective application of all supply measures. They meticulously plan the operation modes of the electric grid, closely monitor and analyze the grid, continuously optimize emergency response plans, and steadfastly protect the major grid's safety "lifeline." Regular and systematic progress is made in managing key risks associated with grid equipment, enhancing the operational maintenance of significant transmission pathways and key substations, ensuring that major defects are resolved without delay, and focusing on "preventing major floods, combating severe droughts, managing significant risks, and responding to major disasters" to refine flood prevention and supply readiness. Furthermore, the company conducts analyses on consumer electricity use during peak summer times, regularly updates the "Emergency Load Control Order for Meeting Summer Peaks," and resolutely protects the major power grid's safety and the baseline of civilian electricity use, avoiding any cutoffs or power rationing. They have also enhanced and optimized flood prevention plans for substations in flood storage and detention areas and urged the government to incorporate the company's emergency power repair teams into the county's emergency repair system, strengthening real-time communication and coordination with local authorities to ensure collaborative and efficient emergency response. Through these comprehensive measures, State Grid Shan dong Binzhou Power Supply Company demonstrates its commitment and capability to ensure the stability and reliability of regional power supply during the demanding summer period.
Turin, Italy / Beijing, China, 4th June 2024. IVECO, the brand of Iveco Group N.V. (EXM: IVG) that designs, manufactures and markets light, medium and heavy commercial vehicles, and Foton, a leading commercial vehicle manufacturer in China, have signed a Memorandum of Understanding (MoU) to explore potential collaboration in the areas of electric vehicles and components, and joint business opportunities, for Europe and South America. Foton, a commercial vehicle company under BAIC Group in China, shares the same commitment with Iveco Group to promote the green transformation of the global automotive industry, pursuing multiple routes through new energy technologies such as pure electricity, hybrid and hydrogen fuel cells for commercial vehicles. The potential cooperation will also support Foton to further advance its globalisation strategy. This partnership is part of Iveco Group’s overarching electrification strategy to extend its light commercial vehicle line-up to the Gross Vehicle Weight (GVW) category that falls below the iconic DAILY range of GVW 3.5 - 7.2 tons, adding both chassis cab and panel van all-electric models under the GVW 3.5-ton threshold. With Foton, Iveco Group will investigate the option of utilising the IVECO sales channels for the commercialisation of an electric panel van in Europe and South America in the lightest category of up to GVW 3.5 tons. The future panel van will potentially positively impact the regional and local supply chains in Europe and South America, in addition to further supporting the growth of the IVECO point of sales and workshop network. Earlier this year, Iveco Group also signed a supply agreement with Hyundai Motor Company for an electric GVW 2.5 - 3.5-ton chassis cab to be sold and serviced in Europe by IVECO. Iveco Group’s collaborations with Foton and Hyundai aim to create a comprehensive line-up of electric commercial vehicle offerings weighing less than its iconic DAILY. The MoU between Iveco Group and Foton is also opening the two companies to joint exploration of additional future synergies, including the possible localisation of activities in Europe and South America, to be evaluated at a later stage. Supply opportunities including through Iveco Group’s powertrain brand FPT Industrial, will also be discussed. Present during the signing were a delegation from Iveco Group including Gerrit Marx, CEO; Luca Sra, President of the Truck Business Unit; Sylvain Blaise, President of the Powertrain Business Unit; Marco Liccardo, Chief Technology & Digital Officer; Angela Qu, Chief Supply Chain Officer; and Ángel Rodríguez Lagunilla, Chief Manufacturing Officer; and leadership from Foton, including Chairman Chang Rui; Executive Vice President Lu Zhenghua; Vice President Chen Qingshan; Vice President Qin Zhidong; Vice President of International Cooperation Ma Rentao; and Vice President of Power Transmission Feng Jing. This non-binding agreement advances Iveco Group’s and Foton’s independent strategies to enhance competitiveness and create leading innovative solutions that meet global demand for new energy transport through an ecosystem of mutually beneficial partnerships. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 31 R&D centres. Further information is available on the Company’s website www.ivecogroup.com Media Contacts:Francesco Polsinelli, Tel: +39 335 1776091Helen Liu, Tel: +86 13564 257026Fabio Lepore, Tel: +39 335 7469007E-mail: mediarelations@ivecogroup.com Investor Relations:Federico Donati, Tel: +39 011 0073539E-mail: investor.relations@ivecogroup.com
ROCHESTER, N.Y., June 03, 2024 (GLOBE NEWSWIRE) -- The University of Rochester's Eastman School of Music has been honored in the prestigious QS World University Rankings for 2024. Ranked No. 3 in North America and No. 11 globally, Eastman shares the stage with leading music institutions in the United Kingdom, France, Russia, China, Finland, Denmark, and Hungary. For over a century, the Eastman School of Music has been a beacon of excellence in music education and performance. Building from its foundational pillars of artistry, scholarship, leadership, and community, Eastman has cultivated a diverse environment where music thrives not only within our halls but also reverberates beyond, enriching lives and fostering engagement. The school is renowned for its holistic approach to music education, integrating rigorous musical training with humanities studies, leadership education, and interdisciplinary experiences. This commitment to comprehensive education produces graduates who are not only skilled musicians, but also well-rounded individuals prepared to use their talents to influence and inspire communities around the globe. Dean Jamal J. Rossi commented on the school’s ethos and its recent accolade: "The Eastman School of Music is a vibrant community where some of the best musicians in the world come together to make each other better. Our century-long dedication to the core values of artistry, scholarship, leadership, and community has served as the foundation upon which our alumni have built impactful careers in all aspects of music, and they have enriched the world through their music. This recognition by the QS World Rankings reaffirms our commitment and mission to shape the future of music through artistic and scholarly excellence and innovative leadership." Jane Gatewood, Vice Provost for Global Engagement at the University of Rochester, also remarked on the significance of this achievement: "The QS World Rankings' acknowledgment of the Eastman School of Music underscores our global impact and academic prestige. This recognition is a testament to our faculty’s dedication and our students' talent, reflecting our leading role in preparing the next generation of world-class musicians." This year marks the inaugural inclusion of the music category in the QS World University Rankings. The QS ranking for music schools is derived from comprehensive evaluations of academic reputation and employer reputation, which contribute 80% and 20% to the total score, respectively. Criteria such as research quality, strategic partnerships, innovation, and employability play pivotal roles in this assessment. For more information on the QS World University rankings for music, please visit: https://www.topuniversities.com/university-subject-rankings/music For information about the University of Rochester’s Eastman School of Music, please visit: https://www.esm.rochester.edu/admissions/ To learn more about the international admissions and global collaborations, please visit: https://www.rochester.edu/global For media inquiries and additional information, please contact: Jessica Kaufman, Executive Director of Marketing and Communications jkaufman@esm.rochester.edu Daniella Sussman, Director of International Communications daniella.sussman@rochester.edu Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fc838c64-e5c1-4c99-9708-5c653b199036 https://www.globenewswire.com/NewsRoom/AttachmentNg/141ec48f-eba8-4eff-ae70-cff9d1a71b75 https://www.globenewswire.com/NewsRoom/AttachmentNg/3eae0e9f-bc51-4d02-963f-adc8c95fc60a https://www.globenewswire.com/NewsRoom/AttachmentNg/3d931016-bc75-47e2-8c7b-a7121abd78e0 https://www.globenewswire.com/NewsRoom/AttachmentNg/3715b139-5119-49cb-882b-f61f94ab4749 https://www.globenewswire.com/NewsRoom/AttachmentNg/51d967a7-c638-44cf-8b77-2c3dac0b456d https://www.globenewswire.com/NewsRoom/AttachmentNg/109eb861-fe31-4be4-ba43-a652dd41a6b8 https://www.globenewswire.com/NewsRoom/AttachmentNg/6152f154-cb29-4a44-87ed-2bf74e8ba574 https://www.globenewswire.com/NewsRoom/AttachmentNg/b7ccb1fa-1f45-4f27-9fd5-9b90b6a12efe https://www.globenewswire.com/NewsRoom/AttachmentNg/f06c52ea-9c62-44df-b114-7fc6442ef2c7 https://www.globenewswire.com/NewsRoom/AttachmentNg/e1dc375a-b774-4e3e-888e-8ede4a2d6762
Agreement to Have Powerful Revenue Impact and is Expected to Lead to More Lucrative Contracts BEIJING, June 3, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada company engaged in innovative business segments in high-tech intelligent acoustics and 5G-Artificial Intelligence ("AI") multimodal communication technology in the United States and China, today announced that on May 11, 2024, its Chinese operating entity, Shuhai Information Technology Co., Ltd. ("Shuhai Information"), has entered into a Cooperation Agreement (the "Agreement") with Beijing Haoteng Chuangxiang Technology Co., Ltd. ("Haoteng Chuangxiang") , to enhance the Company's 5G AI multimodal business in the China. Datasea's CEO, Liu Zhixin, stated, "This Agreement will lead to greater revenue for the Company and will help us to fulfill our mission to become a leading digital technology solution provider in China. This is the third agreement that we have entered into over the last three months which reflects our sales prowess as well as Datasea's distinctive ability to promote customers' brands by providing them with sophisticated high-end 5G multimodal services." According to the Agreement, beginning on May 11, 2024 and continuing over a period of 12 months, Shuhai Information will provide an array of enhanced 5G information services to Haoteng Chuangxiang based on its service needs. Shuhai Information entity will utilize the transmission and AI capabilities of its 5G AI multimodal platform to provide specialized interfaces which enable a more efficient delivery of targeted advertising and market promotion information to mobile phone user customers of Haoteng Chuangxiang. Shuhai Information will settle with Haoteng Chuangxiang and recognize revenue based on the actual information service provided. In the first ten days of the Agreement, Shuhai Information has already provided approximately $2.8 million (RMB 20.0 million) worth of 5G information services to end-users based on Haoteng Chuangxiang's market demand, which is an early indication of the Agreement's potentially powerfully implications. The Company estimates that it can generate approximately $86.0 million revenue forecast for its 2024 fiscal year. Haoteng Chuangxiang is a leading marketing service provider that offers high-quality mobile internet promotion and advertising services to tens of thousands of domestic enterprises, e-commerce platforms and individuals. The Company believes that there is a huge demand for 5G value-added services in China, and Datasea has the proven ability to provide top-tier 5G multimodal services to enterprises on a large scale. It is the Company's plan to continue to aggressively market these services and generate additional revenue streams in the periods ahead. About Datasea Inc. Datasea Inc. ("Datasea") is a leading provider of products, services, and solutions for enterprise and retail customers in two innovative industries, acoustic high tech and 5G-AI multimodal communications. The Company's advanced R&D technology serves as the core infrastructure and backbone for its products. Its 5G multimodal communication segment operates on a cloud platform based on AI. Datasea leverages cutting-edge technologies, precision manufacturing and ultrasonic, infrasound and directional sound technology in its acoustics business to combat viruses and prevent human infections, and it is also developing applications in medical ultrasonic cosmetology. In July 2023, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware, in a strategic move to enter the U.S. markets and to mark its global expansion plan. For additional information, please visit www.dataseainc.com. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the SEC, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Datasea Investor RelationsEmail: investorrelations@shuhaixinxi.com sunhezhi@shuhaixinxi.com Precept Investor Relations LLCDavid Rudnick+1 646-694-8538david.rudnick@preceptir.com
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