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BEIJING, Nov. 7, 2024 /PRNewswire/ -- NaaS Technology Inc. (Nasdaq: NAAS) ("NaaS" or the "Company"), the first U.S.-listed EV charging service company in China, today announced its successful deployment of the "Zhejiang Province Charging Infrastructure Governance and Supervision Service Platform" (the 'Platform'). Launched in collaboration with the Energy Bureau of Zhejiang Province, this initiative represents a strategic expansion of the Company's footprint in digital infrastructure solutions for EV charging services. NaaS was awarded the contract to lead the project in December 2023 following a competitive bidding process. Leveraging government cloud resources and data integration from the Development and Reform Commission, the Platform integrates NaaS's proprietary NEF (NaaS Energy Fintech) system to address critical charging infrastructure needs, including optimizing the layout, enhancing service uniformity, and enforcing operational standards across the province. The Platform not only streamlines the governance of existing facilities but also guides the strategic deployment of new charging sites to ensure comprehensive coverage and accessibility. Ms. Yang Wang, Chief Executive Officer of NaaS, commented, "The operational launch of the Zhejiang Province Charging Infrastructure Governance and Supervision Service Platform marks a significant milestone in our strategic initiatives. Zhejiang Province leads the country in new energy vehicle ownership and number of public charging piles. Powered by NaaS's digital and AI capabilities, this Platform not only enhances the efficiency of charging infrastructure but also sets a benchmark for regulatory governance in the industry nationwide. We are proud to lead this transformative project, supporting the provincial government's goals of accelerating new energy vehicle adoption and advancing sustainable transportation solutions." Mr. Steven Sim, Chief Financial Officer of NaaS, commented, "Deploying the Platform marks a pivotal step in advancing the operational and financial performance of our EV charging infrastructure in Zhejiang Province. This initiative not only enhances our footprint in the region but also leverages our proprietary NEF system to potentially unlock new monetization opportunities. The successful rollout in Zhejiang serves as a model for potential expansion into other markets, demonstrating our capability to deliver scalable and financially viable technology solutions." Additionally, with the support of artificial intelligence, digital analytics, and other technological capabilities, the Company continues to improve operational efficiency while significantly reducing operating expenses. In the second quarter of 2024, the Company's marketing expenses accounted for 57% of revenue, compared with 177% in the second quarter of 2023. During the same period, the Company's cumulative registered users increased by over 60%, cumulative transaction users increased by over 90%, and user activity reached a record high. As NaaS continues to invest in technology research and development and deepens its data analysis and insight capabilities, the Company expects to achieve lower customer acquisition costs, higher user engagement, and business efficiency gains. About NaaS Technology Inc. NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop solutions to energy asset owners comprising charging services, energy solutions and new initiatives, supporting every stage of energy assets' lifecycle and facilitating energy transition. Safe Harbor Statement This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. All information provided in this press release is as of the date hereof, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NaaS' goals and strategies; its future business development, financial conditions and results of operations; its ability to continuously develop new technology, services and products and keep up with changes in the industries in which it operates; growth of China's EV charging industry and EV charging service industry and NaaS' future business development; demand for and market acceptance of NaaS' products and services; NaaS' ability to protect and enforce its intellectual property rights; NaaS' ability to attract and retain qualified executives and personnel; the COVID-19 pandemic and the effects of government and other measures that have been or will be taken in connection therewith; U.S.-China trade war and its effect on NaaS' operation, fluctuations of the RMB exchange rate, and NaaS' ability to obtain adequate financing for its planned capital expenditure requirements; NaaS' relationships with end-users, customers, suppliers and other business partners; competition in the industry; relevant government policies and regulations related to the industry; and fluctuations in general economic and business conditions in China and globally. Further information regarding these and other risks is included in NaaS' filings with the SEC. For investor and media inquiries, please contact: Investor RelationsNaaS Technology Inc.E-mail: ir@enaas.com Media inquiries:E-mail: pr@enaas.com
JOHOR BAHRU, Malaysia, Nov. 7, 2024 /PRNewswire/ -- Peikko Group, a leading global supplier of concrete connections and composite structures, celebrated the one-year anniversary of its Malaysian factory, reaffirming its commitment to support the country's green development goals and align itself with the nation's Green Technology Master Plan (GTMP), which is a crucial part of the Transformasi Nasional 2050 (TN50) initiative, which aims to make Malaysia a top country in the world for economic development, innovation, and citizen well-being by 2050. (From left to right) The event was attended by several distinguished guests: Pekka Laitinen, Region Head APAC, Business Finland; Irma Ylikangas, Counselor of Innovation and Trade Affairs, Embassy of Finland, Singapore; Jari Silventoinen, Chairman, Malaysian-Finnish Business Council; Juha Markkanen, Finland’s Ambassador to Singapore; Anne Vasara, Finland’s Ambassador to Malaysia; Jake Väätäjä , Factory Manager, Peikko Malaysia; and Dmytro Triaskin - Managing Director, Peikko Malaysia & Singapore Beyond Malaysia, the state-of-the-art facility in Johor Bahru, Southern Malaysia serves as Peikko's manufacturing and distribution hub for the ASEAN region. This strategic and popular location for economic trade and global shipping networks enables the company to also efficiently deliver sustainable construction solutions to key markets such as Singapore and Australia, with future plans to expand into other Southeast Asian countries. The factory leverages advanced precast concrete technology, a construction method known for low carbon footprint, which significantly helps developers minimise waste, reduce construction times and create buildings that are in line with Malaysia's sustainability goals of achieving low-carbon development, resource efficiency, and sustainable urban development, as outlined in the Twelfth Malaysia Plan (2021-2025). Through our innovative solutions, for example, in a recent project, we achieved a remarkable feat: installing a single column in just 20 minutes, including 7 minutes for quality checks and final tightening. This demonstrates a significant advancement in precast concrete technology and how it can reduce construction time and labour costs compared to traditional methods. Given that Malaysia and the neighbouring countries are developing economies with visionary NetZero 2050 Masterplans, our factory in Malaysia is poised to serve the right construction needs to cater the urban planning and development demands of the industry for decades to come.," said Triaskin Dmytro, Managing Director of Peikko Southeast Asia. "Moreover, with countries putting more emphasis on climate transition across various industries in local, regional and global levels, we believe, by utilising our advanced precast concrete technology, we can together minimise environmental impact and accelerate the sustainable urban development transition in Malaysia and around the region," added Dmytro. "I have recently started as the Ambassador of Finland to Malaysia, and I have just concluded my first visit outside Kuala Lumpur to the very dynamic Johor Bahru. This has been a great opportunity to see some Finnish companies active in the region. One of them is Peikko, an outstanding and renowned global supplier of concrete connections and composite structures. The company, which has only been in the region for one year, is already planning for next steps and extensions. The new dynamic of Johor Bahru, in close cooperation with neighbouring Singapore, presents many new opportunities for innovative companies. Hopefully, there will be many more to follow the lead of Peikko and other Finnish companies already present in the area," said Anne Vasara, Finland's Ambassador to Malaysia, during her recent visit to Peikko's factory on November 5th. "This visit has been eye-opening, showcasing Johor's rapid development and the thriving Singapore-Johor joint development areas like Nusajaya. It is great to see MFBC member companies, such as Peikko, progressing in Johor. This success motivates us to further promote Johor and Malaysia to Finnish businesses," added Jari Silventoinen - Chairman, Malaysian-Finnish Business Council. As Malaysia continues its journey towards becoming a regional leader in sustainable development, Peikko's innovative solutions offer a faster, safer, and more sustainable way to design and build. The company's one-year anniversary in Malaysia marks a significant milestone in this journey. Additionally, 2025 will also mark the 60th anniversary of the Peikko Group, contributing to an environmentally friendly future for Malaysia and the Southeast Asian region. About Peikko Group Peikko Group Corporation is a leading global supplier of slim floor structures, wind energy applications, and connection technology for precast and cast-in-situ construction. Peikko's innovative solutions offer a faster, safer, and more sustainable way to design and build. Peikko has sales offices in over 30 countries, including Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in 12 countries. Peikko generated a turnover of EUR 314 million in 2022. Peikko is a family-owned and managed company that employs over 2,000 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.
The announcement marks Evercomm's appointment as a key partner in CTBC Bank's suite of Science-Based Transition Financing Solutions SINGAPORE, Nov. 7, 2024 /PRNewswire/ -- Evercomm, a leading provider of digital sustainability solutions, and CTBC Bank, Taiwan's largest privately owned bank, today announced their strategic partnership to leverage artificial intelligence (AI) in advancing green financing and enabling science-based transition planning, based on the two companies' shared vision of empowering Southeast Asian businesses to realise their transition to a low-carbon economy. The region is acutely vulnerable to the effects of impact change, but it also holds a massive opportunity for businesses in the region to pursue low-carbon economic growth. [1] As part of this partnership, Evercomm and CTBC Bank will jointly develop an AI-powered Green Finance Management Platform, which is based on the Monetary Authority of Singapore's AI in Green Fintech initiative. The partnership was commemorated at a signing ceremony held at the Singapore Fintech Festival 2024, and was attended by Mr. Tony Yang (CEO, CTBC Bank), representatives from key Taiwanese authorities, including the Kaohsiung City Government and the Industrial Technology Research Institute (ITRI), as well as ecosystem partners from Singapore, such as Capital Quantum and Metaverse Green Exchange (MVGX). [Centre right] Mr. Ted Chen (CEO, Evercomm), [Centre left] Mr. Tony Yang (CEO, CTBC Bank), and representatives from the Kaohsiung City Government, and the Industrial Technology Research Institute (ITRI). Urgency for Southeast Asia to Transition to a Low-Carbon Economy In addition to Southeast Asia's climate vulnerabilities, in the areas of rising sea levels, extreme weather events, and loss of biodiversity, the region's economy is heavily dependent on natural resources and agriculture, which are also threatened by climate change. A low-carbon transition is urgently necessary to enhance economic resilience and ensure sustainable growth for its 675 million population. By leading the way in sustainable development, Southeast Asia can set an example for other regions and contribute significantly to the global green transition. Says Ted Chen, CEO of Evercomm, "Through our partnership with CTBC Bank, we are bringing robust digital solutions to businesses across Southeast Asia, empowering them to achieve their decarbonisation goals and contribute to the global green transition. More importantly, this collaboration highlights that sustainable transformation knows no borders, and with Singapore as a launchpad, we are excited to extend CTBC's influence in the Southeast Asia region in its widely-awarded and industry-leading efforts to apply sustainable finance to support real-world decarbonisation efforts." Tony Yang, CEO of CTBC Bank, remarked, "Through the AI-powered Green Finance Management Platform, made possible through our partnership with Evercomm, we are now able to more accurately assess the impact of loan approvals on carbon reduction commitments, and monitor changes in the finance portfolio in real-time, thereby strengthening our capability to ensure businesses achieve their decarbonisation goals. Ultimately, this enables CTBC Bank to better facilitate sustainable transformation of industries, promote the implementation of sustainable finance projects that align with international standards, and better leverage the potential of what sustainable finance can achieve to enhance the competitiveness of many industries." Leveraging the power of AI to Green Finance Management The platform leverages Evercomm's advanced AI technology aligned with CTBC Bank's international standards and framework to assess and manage landing portfolios for the financial institutions, spanning commercial real estate, power-generation financing, and mid-to-long-term corporate loans. By providing real-time insights, the platform enables banks to evaluate the carbon impact of its financing decisions and to track its sustainability targets across various operating branches. Evercomm's software tools, in conjunction with the AI Green Finance Management Platform, allow financial institutions to accurately measure, track, and simulate carbon footprint reduction efforts, ensuring alignment with global net-zero ambitions. By offering comprehensive decarbonisation data and end-to-end carbon reduction advice, the partnership enables CTBC Bank to expand its portfolio of sustainable finance products, including ESG Portfolio Lending and the Corporate Decarbonisation Rating framework. Additionally, by leveraging Singapore's advanced ecosystem and service expertise, the partnership offers key digital solutions that enable enterprises to thrive in a low-carbon economy, including: GHG Inventory Reporting and Verification Services Target Setting and Verification Services Emission Reduction Strategy Planning and Verification Services These solutions will support businesses in aligning with global climate standards, meeting sustainability targets, and credibly report on progress, which can significantly contribute to businesses' "virtuous cycle" of obtaining financial support to their decarbonisation efforts, thereby promoting an ecosystem growth in cross-border collaborations in sustainable finance. About Evercomm Headquartered in Singapore, Evercomm is a carbon neutral digital planning and management company with European and Asia-Pacific offices. Their enterprise solutions enable businesses to automate carbon footprint calculations down to the activity level. Evercomm empowers businesses to set and track progress towards carbon emissions reductions with simulations and verified technologies based on GHG protocols with assured reporting. www.evercomm.com.sgLinkedIn [1] Asian Development Bank, 22 March 2023, "When it Comes to Fighting Climate Change, Green is Golden"
SYDNEY, Nov. 7, 2024 /PRNewswire/ -- With Black Friday 2024 approaching on November 29, BLUETTI, a leader in portable power solutions, is unveiling exceptional Black Friday deals. Ahead of this Black Friday sale, BLUETTI will introduce the new Elite 200 V2 portable power station, providing more power options for indoor and outdoor power needs. BLUETTI BLUETTI Elite 200 V2: A New Era in Portable Power Scheduled for launch on November 13, the BLUETTI Elite 200 V2 will set a new standard in portable generators, as its predecessor AC200P did by being the first LiFePO4 power station. This next-gen power generator features automotive-grade LFP prismatic cells, providing 6,000+ charge cycles, or over 17 years of daily use. With a 2,600W output, it can power heavy-duty appliances such as air conditioners and ovens. Moreover, it offers 2073.6Wh capacity in a streamlined structure, 40% smaller than similar models. Reliable Home Backup with BLUETTI AC300 and AC500 The BLUETTI AC300+B300K or AC500+2*B300K bundles offer a UPS power supply for homes in areas prone to power outages. They quickly kick in to keep life going as usual in 20ms of a blackout. The AC500 system can handle more demanding needs such as water heaters, air conditioners. Portable Power On the Go: BLUETTI AC180 / AC70+ Charger 1 Alternator Charger The AC180 offers a powerful output of 1,800W and a capacity of 1,152Wh, making it ideal for weekend getaways and camping adventures. Weighing just 10.2kg, the compact AC70 is designed for portability, capable of powering small devices under 1,000W, such as CPAP machines and blenders. The Charger 1 DC-DC car charger connects to your vehicle's alternator, allowing you to charge the power station while on the move. You can fully charge the AC180 with Charger 1 in as little as 2.5 hours. With multiple layers of security, it ensures your car battery remains protected, allowing you to drive worry-free. About BLUETTI As a technology pioneer in clean energy, BLUETTI is committed to a sustainable future by providing affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI is dedicated to bringing power to 1 million African families in off-grid areas. With a strong focus on innovation and customer needs, BLUETTI has established itself as a trusted industry leader in over 110 countries and regions.
MILAN, Nov. 6, 2024 /PRNewswire/ -- As the world's leading electric two-wheeler brand, TAILG launched its flagship new product S96MAX at the International Motorcycle and Accessories Exhibition (EICMA) on November 6. TAILG also showcased its new integrated motor and fast-charging technology, marking a significant breakthrough in the performance and range of electric two-wheelers.  TAILG grandly launches the new electric motorcycle S96MAX at the EICMA! The Star Ring Magnetic Motor--the industry's first three-in-one motor, with a maximum speed of 120KM/h and an efficiency of up to 95%. The Nebula Fast Charging System--72V28Ah*3 high-rate battery, charging 0-80% in 10 minutes.Technological TAILG powers mobility and allows you to enjoy the passion! Two Cutting-Edge Technologies Create a Buzz In recent years, the global trend towards low-carbon travel and growing environmental awareness have driven rapid growth in the electric two-wheeler industry. On November 6, TAILG invited Luca Talotta, a prominent figure in green mobility, as the product experience officer to unveil the S96MAX globally and introduce its new integrated motor and fast-charging technology. The S96MAX is equipped with the industry's first three-in-one integrated motor, the Star Ring Magnetic Motor. It features an axial flux motor structure that integrates the motor, transmission, and electronic control system. With an efficiency of up to 95%, it accelerates from 0 to 50 km/h in just 3.5 seconds and reaches a top speed of 120 km/h. Comprehensive data indicates that the S96MAX achieves a peak power of 15000W. Overall range has increased by 13.5%, energy recovery efficiency by 108%, and motor size and weight have been reduced by 50%. Another highlight of S96MAX is the Nebula Fast Charging System, the industry's first low-voltage, high-current, high-rate charging solution. TAILG's custom fast-charging pile can charge up to 80% in just 10 minutes, with a charging power of up to 20 kW. It significantly improves charging efficiency and reduces costs, and can be expanded to more electric two-wheeled models in the future. In just the time it takes to have a cup of coffee, the S96MAX is ready to hit the road again. In addition, the S96MAX is equipped with various intelligent features, including a TFT smart dashboard with multi-screen interaction, 55W wireless charging, and 1080P front and rear HD cameras. This offers a new option for users who pursue high-quality mobility. EICMA Accelerates TAILG's Overseas Expansion At the exhibition, TAILG showcased 12 different models, attracting global clients for collaboration. The urban commuting and high-speed electric motorcycles with EEC certification saw strong interest for partnerships, while the off-road series Y1, Y3, and Y5 attracted much attention. From product exports to brand expansion abroad, TAILG strategically set the goal of "recreat another TAILG overseas" in 2023. From launching the TLG brand to establishing factories abroad and participating in major global industry exhibitions, TAILG has taken significant steps toward brand globalization. With the commissioning of Vietnam Smart Manufacturing Base and the opening of Indonesia Operations Center, TAILG has established ten smart manufacturing bases globally, with an annual production capacity exceeding 15 million units. TAILG operates seven marketing centers worldwide, exporting products to over 90 countries and regions, and leading the two-wheeler industry in quality exports. Regarding technological innovation, TAILG has rapidly built core technology and product competitiveness with industry-leading R&D centers such as the Global E-Mobility Programme Research Institute. It has launched achievements such as sodium electric vehicles, hydrogen-powered electric vehicles, driverless technology, fast charging and battery swapping technologies. At the exhibition, the renowned American motorcycle brand ZERO unveiled the model Neutrino, jointly developed with TAILG. TAILG is committed to leading the industry's high-quality development through technological innovation. As a global pioneer of long-range electric vehicles and a partner of the United Nations in electric mobility, TAILG will continue to develop new energy solutions that lead the way in global low-carbon mobility. TAILG S96MAX makes its global debut at EICMA 2024! The Star Ring Magnetic Motor and the Nebula Fast Charging System are powering low-carbon mobility. TAILG Unveils the S96MAX at EICMA 2024 – Featuring the Industry-First Star Ring Magnetic Motor and Nebula Fast Charging System
The "Copper Mark" is the leading assurance framework to promote responsible practices across the copper industry that considers the environmental, social and governance issues, from mining to processing, in the copper industry. CEO Kwak Keun-man said, "We will prove that our sourcing is ethical and fulfill our social responsibilities in accordance with international standards." BUDAPEST, Hungary, Nov. 6, 2024 /PRNewswire/ -- Volta Energy Solutions Hungary (VESH) announced that it has started the process to obtain The Copper Mark, under their assurance process. The Copper Mark was established in 2019 and is the leading assurance framework in the copper industry's to ensure that the environmental, social, and governance (ESG) practices are met. In the assurance process, extensive evaluation is conducted in terms of environmental and human rights protection, regional coexistence, and compliance with ethical management from ore mining to production sales of ore products and others. Therefore, it is considered the "ESG assurance process within the copper industry." The London Metal Exchange (LME), the world's largest metal exchange, recommends that companies involved in the copper industry implement a responsible sourcing policy. The Copper Mark is used as a means of ensuring that this policy is carried out, and companies that have obtained this mark are included in the "LME-Approved Brands" list. As of August 2024, more than 360 brands are registered in more than 55 countries for copper cathode, zinc, nickel, etc. In Europe, where Volta Energy Solutions currently operates battery copper foil and copper foil plants including Hungary, the stability of the resource supply chain is being enhanced by establishing sustainable supply chains and raising standards to meet environmental and social responsibilities. By obtaining the Copper Mark award, Volta Energy Solutions expects that it will be able to secure an advantageous position as a reliable raw material supplier and continue to build stronger business relationships with many global customers. Kwak Keun-man, CEO of Volta Energy Solutions, said, "Our pursuit of The Copper Mark award is part of our efforts to meet the strict ESG standards of the international community, including Europe and the United States. We will reinforce ESG management through responsible sourcing policies and grow together with global customers in the long term as a sustainable company." In addition to pursuing this The Copper Mark award, Volta Energy Solutions is carrying out various ESG activities to meet international standards. For example, the company has a supply chain management policy to ensure that its product supply chain does not include conflict minerals linked to armed groups in conflict zones. As a global company with several overseas subsidiaries, Volta Energy Solutions is striving to respect human rights, coexist with local communities, and comply with local laws. About Volta Energy Solutions Volta Energy Solutions (VES) is a European subsidiary of Solus Advanced Materials (a South Korea-based company listed on the Korean stock market (KOSPI)). Volta Energy Solutions operates its respective subsidiaries in Hungary and Canada. VES's history back to 1960, when Circuit Foil Luxembourg (CFL) was established in Luxembourg. CFL was the first company to develop copper foil for electric vehicle batteries in 1996. Solus Advanced Materials acquired CFL in 2014 and entered the copper foil business based on CFL's technological expertise and knowhow. Since 2014, Solus Advanced Materials has been expanding its business presence, establishing a new footprint in Europe with its battery foil plant in Hungary in 2018. Through this strategic movement, VES was established in Luxembourg to manage and expand its global presence further. With the rapid growth of the North American EV market, Volta Energy Solutions Canada (VESC), located in Quebec, Canada, to expand its business presence in the market. For more information, please visit the VES & CFL website at www.volta-energysolutions.com/ www.circuitfoil.com Volta Energy Solutions Hungary
Green Technology
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