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Q1 revenue was SEK 93.9 bn (SEK 95.7 bn in Q1 2023) Q1 operating income (excl. JVs and associates) was SEK 6.8 bn (SEK 6.3 bn in Q1 2023) Q1 EBIT margin (excl. JVs and associates) was 7.2 per cent (6.6 per cent in Q1 2023) Q1 Basic earnings per share was SEK 1.12 (SEK 1.21 in Q1 2023) Q1 fully electric car sales share at 21 per cent (18 per cent in Q1 2023) GOTHENBURG, Sweden, April 24, 2024 /PRNewswire/ -- Volvo Cars today reports an operating profit (EBIT) excluding joint ventures and associates of SEK 6.8 billion for the first quarter of 2024, an increase of 8 per cent versus the same period in 2023. The corresponding EBIT margin came in at 7.2 per cent, up from 6.6 per cent a year earlier. The interim report for the first quarter results can be found here. During the first quarter, retail sales rose by 12 per cent year-on-year to 182,687 cars, with a new all-time sales record for a single month in March. A strong performance in Europe and the US contributed to the company's sales growth, and it recorded new sales records for the first quarter in 11 markets, including in Germany, France, the Netherlands, Canada and Turkey. Revenue for the period came in at SEK 93.9 billion, versus the SEK 95.7 billion reported in Q1 2023. This was primarily due to lower revenue from contract manufacturing. In addition, some foreign exchange effects as well as the company's sales mix affected revenues, although the company maintained a healthy price discipline. 41 per cent of Volvo Cars' global volume during the quarter consisted of plug-in hybrid (PHEV) and fully electric (EV) cars, while its EV share of sales rose to 21 per cent from 18 per cent a year earlier. This demonstrates that the company is on track towards its annual sales target of at least 15 per cent growth in 2024, with a balanced premium product strategy that offers competitive EVs alongside attractive plug-in and mild hybrids. In Europe, Volvo Cars was the third largest brand in EV sales, while the XC60 PHEV was the best-selling plug-in hybrid in the region during the first quarter. First-quarter gross margins on the company's EVs improved to 16 per cent from 7 per cent in the same quarter last year, which is among the best in the industry. This reflects the strong customer demand for the new Volvo EX30 SUV, which is set to bring in gross margins of 15-20 per cent, as well as improved margins on the EX40 and EC40 models. Volvo Cars will continue to work diligently to further close the margin gap with combustion engine-powered cars. "We have had a strong start to the year, with our first quarter results laying a solid foundation for the year ahead," says Jim Rowan, chief executive officer of Volvo Cars. "We reported double-digit retail sales growth during the quarter, set a new all-time sales record for a single month in March and continued to ramp up production and customer deliveries of the EX30. We delivered improved EV gross margins, which reached 16 per cent, and increased our EV share of sales to 21 per cent." "At the same time, we secured shareholder support to distribute a majority of our shareholding in Polestar, allowing us to fully focus on our core operations," adds Jim Rowan. "We remain focused on costs and capital allocation to ensure cash and liquidity are at a healthy level. I am confident these actions will make 2024 another milestone year in our ongoing transformation." EX30 as a crucial growth driver Its first quarter performance demonstrates the prospects of the EX30. In only a few months, the EX30 has lived up to its promise of being a profitable growth driver for the company's business while collecting numerous awards – most recently it won the 2024 World Urban Car of the Year accolade and the Red Dot 'Best of the Best' Design award. In the first three months of 2024, thousands of customers across Europe got behind the wheel of an EX30, with many more in line as Volvo Cars prepares to deliver EX30 cars in other countries as well, including the US, China, South Korea and Canada, in the coming weeks and months. This means by the end of this year, EX30 will be sold in over 90 countries. Along with the EX30, the company has now also started producing the fully electric EM90 MPV for China, with the first customer deliveries made in March. During the first half of the year, Volvo Cars will also start production of the EX90 flagship SUV. This means that it will bring three EV models with the company's newest technologies in three different segments to the market in 2024. At the same time, it will continue to offer very attractive plug-in hybrids and mild hybrids for years to come, as part of its balanced premium product strategy. The company has updated several of those models recently and will continue to do so. Free cash flow in the quarter came in as planned at SEK –12 bn due to increased production and build-up of EX30 inventory, in addition to usually seasonally lower cash flow in Q1. Volvo Cars continues to focus on internal efficiency and takes cost actions where it can, while ensuring capital allocation across its business to support its investments. As a result, the company expects free cash flow generation to be neutral in 2024 and 2025. From 2026 onwards, it expects to deliver strong cash flows as the scale of investments declines and it starts reaping the long-term benefits of its strategy with higher revenue and profitability. Volvo Cars shareholders recently also approved the company's plan to lower its shareholding in Polestar to 18 per cent from 48 per cent. Volvo Cars believes this is a good and natural moment for a transition of its relationship with Polestar, which allows it to fully focus on its own investment plans, while Geely has expressed it will take full responsibility for continued operational funding for Polestar going forward. However, the close collaboration between Polestar and Volvo Cars in various areas will continue to the benefit of both companies. Looking ahead Volvo Cars expects demand for its cars to remain robust in coming quarters and in line with its guidance of full-year sales growth of at least 15 per cent. The company also expects cash flow to improve in coming quarters which should enable it to be cash-neutral for the full year. Volvo Cars remains firmly focused on achieving profitable growth and expects 2024 to be another solid year after the record year of 2023. At the same time, the company is mindful that the external environment continues to be challenging, as geopolitical uncertainties and macroeconomic headwinds remain. Volvo Cars believes that its balanced product portfolio of fully electric cars and world class plug-in and mild hybrids, along with its increased focus on cost actions, will help it navigate these headwinds. That positions the company to achieve its ambitions of revenues of between SEK 550-600 billion and an EBIT margin above 8 per cent* during 2026. "Our strategic planning and execution are working well and our balanced approach positions us to deliver on our transformation journey," says Jim Rowan. "It allows us to react to changing market demands quickly and effectively." Volvo Cars' balanced approach is focused on 5 areas: Product – a strong competitive offer with cars in many sizes and segments: 30, 40, 60 and 90 range, SUVs, sedans, wagons and MPVs, to meet the various needs of its global customer base. Propulsion – mild hybrids, plug-in electric hybrids and fully electric cars. Production – manufacturing facilities in every region: Asia, Europe and the USA. This aspect has become more important as the trade environment continue to change across the world. Pricing – balanced price discipline across its various model choices, via its Core, Plus or Ultra variants. Partnerships – carefully balanced its choices between investing in internal development and building key partnerships with some of the world's leading tech companies, such as NVIDIA, Qualcomm, Google and Apple. It has also developed a strong retail and service dealership structure in all regions, with over 2,200 retail partners across the globe. "This balanced approach to our strategy has been created over many years and it positions us well globally," says Jim Rowan. "It is a key aspect towards continued growth. As I have said many times over my career: business is not a game of perfection, it is a game of continuous progress. This balanced strategy allows for that." *EBIT excl. JVs and associates This disclosure contains information that Volvo Car AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 24-04-2024 07:00 CET. For further information please contact:Volvo Cars Media Relations+46 31-59 65 25media@volvocars.com Volvo Cars Investor Relations John Hernander+46 31-793 94 00investors@volvocars.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/volvo-car-ab--publ-/r/volvo-cars-reports-8-per-cent-increase-in-q1-2024-core-operating-profit-to-sek-6-8-billion,c3966056 The following files are available for download: https://mb.cision.com/Main/20685/3966056/2753770.pdf Volvo Cars Q1 report 2024 https://news.cision.com/volvo-car-ab--publ-/i/light-version-skw-127-ex40,c3292463 Light version-SKW 127 EX40
Level Up Gaming and Productivity with AOC's Award-Winning Monitors From High-Performance Gaming to Professional DisplaysSINGAPORE - Media OuReach Newswire - 22 April 2024 - AOC, the world's leading gaming monitor brand*, has announced the return of AOC Days, the thrilling annual event that showcases the best of its monitor lineup with unbeatable deals for customers across the Asia-Pacific region, including Australia, New Zealand, Korea, Singapore, Taiwan, Hong Kong, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. From 22nd April to 31st May 2024, AOC Days will feature exclusive discounts, promotions, and special offers on an extensive range of monitors. Whether for a passionate gamer looking for the ultimate gaming experience or a professional seeking to enhance productivity, AOC Days is a carefully-planned series of enticing activities designed to offer something for everyone. AOC has also recently solidified its position as the world's No.1 gaming monitor brand in the IDC Quarterly Gaming Tracker: Gaming Monitor 2023Q4 (≥144Hz). Its dedicated gaming brand, AGON by AOC, is at the forefront of delivering exceptional gaming experiences to enthusiasts worldwide. Experience the pinnacle of gaming performance with AOC's award-winning AGON monitors During AOC Days, AOC will spotlight the AGON PRO series, that combines top-tier gaming performance with the precision of OLED technology. Customers will also be able to review AOC monitors that have won the Red Dot Design Award 2023, including the AG276QZD, AG276QSG, and AG456UCZD. AOC Days will showcase the Porsche Design AOC Agon Pro PD49, a worthy recipient of the 2023 iF Design Award and Red Dot Design Award 2023, as well as the lightning fast G4 Series gaming monitors that deliver a 180Hz refresh rate and 1ms GtG respond time, designed to give users a competitive edge in gaming. "As the world's No.1 gaming monitor brand, AOC is committed to delivering cutting-edge technology and supporting the gaming community. Our focus on innovation has helped us maintain our leadership position and provide gamers with the tools they need to succeed," said Kevin Wu, General Manager at MMD Singapore. Level up the workspace: enhancing efficiency and performance in 2024 AOC Days, is the perfect opportunity to boost productivity with new to the market USB-C and 100Hz monitors, that are the perfect choice for a variety of tasks, from work to entertainment. These monitors combine style, functionality, and affordability, making them an excellent pick for upgrading a workspace and with AOC's USB-C monitors, users can streamline the desk setup and enjoy a clutter-free environment. AOC's monitor lineup is extensive and diverse and offers solutions for every requirement and budget, from the high-end Graphic Pro U3 series to the user-friendly B3 series, there's an AOC monitor that fits every need perfectly. "AOC Days is not just a celebration of our gaming heritage; it's also an opportunity to showcase our commitment to providing top-quality monitors for every user," said Hawk Chang, Product and Marketing Head at MMD Singapore. "With the support of our industry partners, passionate team, and influential KOLs, we aim to make AOC Days a landmark event that highlights the best of what AOC has to offer." * No1 gaming brand 2023, according to IDC Quarterly Gaming Tracker: Gaming Monitor 2023Q4 (≥144Hz) Hashtag: #AOC #AOCGaming #AGON #AGONbyAOC https://ap.aoc.com/index/page/route/aoc-asia-pacific.htmlhttps://www.facebook.com/agonbyaocThe issuer is solely responsible for the content of this announcement.About AOCFounded in 1967, AOC is a globally leading monitor and IT accessories brand and a subsidiary of TPV Technology Limited, the world's largest LCD manufacturer. AOC's comprehensive product portfolio provides innovative, ergonomic, environmentally conscious and stylish solutions for professional as well as personal applications. The AGON by AOC sub-brand of offers one of the world's strongest portfolios of high-performance gaming monitors, and a complete ecosystem of gaming accessories grouped in three categories: AOC GAMING for core gamers, AGON for competitive gamers, and AGON PRO for esports enthusiasts and professional esports players. Since 2020, AGON by AOC has been one of the leading gaming monitor brands and a top choice of gamers worldwide. For more information, please refer to AGON by AOC's official website or follow AGON by AOC on Facebook.
【本文由OPEN編輯部撰寫】 TITAN Property Awards由歷史悠久的國際獎項協會International Awards Associates（IAA）主辦，以充滿力量和堅實氣息的摩艾石像為標誌，旨在改善我們的日常生活，其為建築、景觀、室內設計、房地產等領域提供全面的發光舞台，每年吸引眾多國際知名品牌與設計師，爭相角逐輝煌榮譽。 2024年TITAN Property Awards共收到來自一百一十八個國家、超過十萬份的參賽作品，並由逾兩百位專業評審進行遴選，可稱為最具影響力的國際獎項之一。 震騰設計 林喬立 設計總監 於家宅作品《沉光靜居》中運用人工草皮綴點窗畔，引領戶外山景進入室內，搭配綠建材標章材料，給予居者們無毒健康的綠意環境，與自然交融的清新之作，榮獲本屆賽事銀獎榮耀，再展品牌實力！ 震騰室內設計有限公司林喬立 設計總監 公司簡介震騰室內設計，於2012年成立以來，秉持對安全與環保的堅持，結合自然綠意和再生資源，打造眾多富含生機、居者安心的住宅環境。 以宏觀的角度切入設計，汲取業界潮流趨勢，駕馭多元風格、活化家宅樣貌，構築一處專屬業主的舒適居所。 設計理念家，不僅是一棟建物，更是承載幸福之地，我們重視生活與家庭，遵循「以人為本」的精神，傾聽客戶的需求，將其日常習慣和喜好，融貫於空間，實踐居者心中理想之宅，讓您在一方充滿愛的美境中，綻放燦爛笑容。 得獎紀錄2023 美國 MUSE Design Award - Silver《日光簡居》 銀獎作品《沉光靜居》 ▲客廳沙發旁壁面藉特殊漆仿擬石材肌理，與對側的玄色石紋櫃體相呼應，鄰接電視牆則設計為灰色，結合雷射電視的投影幕提升視覺層次感，上方壁面嵌入大片灰玻，不僅能從二樓看顧孩童，也兼顧私領域隱私。 ▲餐廳延續現代風格，置入白石紋長桌搭配曲線吊燈，形塑簡約時尚氛圍；廚房內部規劃開放式電器櫃，妥善收納業主夫妻的烘焙設備與紅酒櫃，而整體以深色為主，上方吊櫃藉消光黑烤漆提升質感，豐富空間層次之餘，更凸顯紋理雅緻的白色中島。 OPEN Design動能開啟傳媒：https://www.openworld.tv/
深圳2024年4月19日 /美通社/ -- 2024年4月18日 快速成長的跨語言溝通解決方案創新企業時空壺(Timekettle)宣佈進行重大軟件更新，推出AI翻譯實驗室。該實驗室將作為一個新平台快速引入尖端技術，同時收集即時用戶反饋，不斷完善功能。 AI Translation Lab in Apple App 這個AI翻譯實驗室是使各種語言的數字通信更加個性化、準確和具有教育意義方面取得的重大進步。它推出了一系列重要功能，旨在大大提高翻譯的準確性和流暢性。 由於日常對話中準確翻譯專有名詞和專業術語的重要性，AI翻譯實驗室推出了自定義詞典功能，允許用戶創建與特定翻譯相關的自己的術語，讓翻譯更精準。隨著用戶逐漸添加更多術語，他們會發現由於這些個性化詞彙表，翻譯精準度越來越高。 為了消除傳統翻譯工具的機械感，AI翻譯實驗室增強了語音功能，加入了模擬真人語音和微妙情感細微差別的選項。用戶現在可以自由選擇男性和女性的聲音，確保在不影響效率的情況下獲得更自然的聽覺體驗。 AI Language Tutor專為移民或國際商務人員等遇到實際語言障礙的個人量身定制，利用先進的AI技術促進互動學習體驗，重點是提高流利度和發音。通過集成AI Language Tutor，時空壺不僅消除了溝通障礙，還為用戶提供了進行真實世界互動的必要技能。 目前，時空壺的AI翻譯實驗室支持中、英和西班牙三種語言。作為其使世界更加互聯互通的持續承諾的一部分，時空壺致力於在後續更新中添加更多語言，努力實現創造一個人們可以輕鬆用母語交流的世界的目標。 在當今全球化的世界中，時空壺提供的技術和設備不僅對旅行者而且對需要清晰溝通的國際企業來說都至關重要，避免因翻譯不佳而出現延誤或錯誤。AI翻譯實驗室的打造凸顯了時空壺致力於開發能夠滿足用戶實際需求技術的努力。 時空壺為用戶打開了一扇門，讓他們從簡單地使用技術和設備發展到積極為塑造我們的未來做貢獻，誠邀全球用戶探索AI翻譯實驗室，瞭解最新產品，即時分享反饋，與品牌一起通過創新技術打破語言障礙。 關於時空壺 時空壺成立於2016年，是一家行業領先且屢獲殊榮的跨語言溝通解決方案提供商。公司總部位於中國深圳，在美國洛杉磯設有客戶中心。其卓越的產品贏得了眾多國際榮譽，包括CES創新獎、iF設計獎和日本優良設計獎(Japan Good Design Award)。 欲瞭解更多信息，請訪問https://www.timekettle.co/
本文由OPEN編輯部撰寫 APDC亞太設計中心是室內設計聯合國組織IFI國際室內建築師設計師團體聯盟的全球成員，核心會員由活躍於大中華地區，乃至亞太地區的全球優秀建築師、室內設計師、產品設計師構成。而由該組織發起的APDC AWARDS，自2010年起每年舉行一次，今年已來到第14屆，是亞太地區最重要的獎項之一，曾與全球多個著名設計獎項，並就賽事獲獎作品相互輸送簽訂了友好合作協議。 回應居者對於沉穩灰調的喜愛，實創設計 賴姿伊 設計總監 巧用石紋美耐板的濃淡灰白，相偕時尚俐落的間接照明，共築古風交融現代風韻的雅緻家宅《雲潤星暉》，宛入水墨畫般的文藝氣息榮獲本屆賽事佳作獎殊榮，令品牌美學閃耀國際舞台！ 實創室內裝修設計有限公司賴姿伊 設計總監 學經歷台南應用科技大學澳洲 swinburne university 設計碩士曾任逢甲大學兼任講師 公司簡介真摯踏實、汲汲創新，實創設計，貫徹始終如一的初衷，以誠摯純粹的心意，細膩傾聽客戶的請託，秉持專業的設計實學、嚴謹的處事態度，善用環保綠建材，打造安全友善的環境，巧劃格局、修飾狹地，靈活運用固有場域，為居者建構一處質感與健康兼具的生活空間。 設計理念生活的細節宛若一池靈感的清泉，透過與您溝通、聆聽，激盪出豐富的漣漪，自核心環環蕩漾，湧現無盡的巧思，為每顆期待的種子，灌溉活絡的創意泉源，施以蘊含美學工藝的肥料，令人們的冀盼抽芽開花，結實為具象的至美之境，相伴著日常和回憶，一齊繁盛而永續地茁壯。 得獎紀錄2023 美國 Titan Property Awards - 金獎2023 美國 Muse Design Awards - 銀獎2023 法國 Novum Design Award - 銀獎2023 英國 Outstanding Property Award London - 優勝 & 榮譽提名2023 杜拜 國際專業室內設計大賽 - 銅獎2023 中國 金外灘獎 - 最佳居住空間 入圍獎 獲獎作品《雲潤星暉》 ▲客廳電視牆以ㄇ字型包覆，向後退縮拉長視距，並運用線條錯位手法嵌入間接燈源，淡化空間壓迫感，圍塑寬敞舒適的氛圍。旁側加設隔板劃設神龕，立面線條與電視牆收束齊整，悄然相融且不顯突兀，其檯面下方做一抽板，方便屋主祭祀使用，兼具美觀及實用機能。 ▲為改善餐區格局比例，於此設置兩道灰玻，放大場域視覺，搭配淺灰色系家具，整體空間感受更顯輕盈透亮。後方櫃體懸空而設，上下分別供屋主放置咖啡機、花器與掃地機器人，將使用頻率高的機能融匯於此，牆面一側則設計簡易層架，讓女主人的藏品能予以展示。 ▲延續公領域的灰質調性，主臥室在牆面、櫃體、簾幕上，皆配比深淺不一的灰色。在得知屋主離鄉背井北漂後，以《靜夜思》詩句中「床前明月光，低頭思故鄉」為發想，為其設計了一輪形為明月的夜燈，作為主臥的藝術端景，與灰幕相融，圍構一幅月色光景。 ▲思量使用者對書本收納的需求度高，次臥設計開放式層架，方便容納更多書籍並隨手取用，另將書桌結合櫃體，減去床頭櫃設置，以隱藏式把手門片取代床頭板，提供更充足的休憩空間。窗簾部分選用風琴簾，使上軌能透出日光，下軌能遮蔽窗景，兼顧採光需求及隱私考量。 OPEN Design動能開啟傳媒：https://www.openworld.tv/
SINGAPORE, April 19, 2024 /PRNewswire/ -- LionsBot International, a global company founded in Singapore, and a frontrunner in the field of robotic cleaning solutions, successfully celebrated the grand opening of its state-of-the-art robots factory on 18th April 2024. As the largest manufacturing and R&D facility dedicated to advanced cleaning robotics technology in Southeast Asia, the launch of this factory marks a significant milestone in placing Singapore at the global forefront of cleaning robotics. Established with the support of Enterprise Singapore (EnterpriseSG), the new facility spans an impressive 4,908 square metres and has five times the manufacturing capacity as compared to its previous site. Overall, LionsBot has invested about SGD $12 million (close to SGD $2million in its setup and SGD $10million in R&D in 2023) in this new factory, which will go towards enhancing its manufacturing capabilities for advanced cleaning robotic solutions across a multitude of sectors, including manufacturing, healthcare, education, retail, and logistics. The factory comprises two sections: a warehouse which houses the components and parts needed for the robots manufacturing, and a production area that is made up of sub-assemblies, final-assemblies, calibration, robot testing zone and quality checks. With the expansion, the company is now poised to manufacture up to 4,000 robots annually on a single shift basis, demonstrating a strong commitment to innovation and addressing the demand for cleaning robots in both local and international markets which have seen an increase by approximately 8% since the start of 2023 (International Federation of Robotics, 2023). Worker working on R3 Scrub Pro at final assembly station The establishment of this facility has also seen an addition of 55 new roles which constitutes a quarter of the organization's present workforce. This new diverse cohort, encompassing both engineers and non-engineers in areas such as production, engineering, manufacturing, and service trades, is able to potentially contribute up to SGD $40million sales revenue. The employees are provided with opportunities for professional development through training in advanced digital tools and platforms, including Enterprise Resource Planning (ERP) and Manufacturing Execution System (MES). As LionsBot continues to scale in its local manufacturing and enhance its contribution to the Singapore economy, it remains committed to creating quality, value-added jobs to Singaporeans and preserving its high-efficiency production standards. The company also plans to grow its local R&D and manufacturing footprint in tandem with the growth of its business. Future initiatives include collaborations with suppliers for sub-assembly processes and an increased focus on automation to sustain growth and operational excellence. "We are really excited with the opening of our robotics factory, this will quadruple the number of robots we can deliver to our global customers" remarked Mr. Dylan Ng, CEO and Co-Founder of LionsBot. "With the government's unwavering support for innovation and sustainable development, we will contribute towards Singapore's reputation for quality and reliable robots, made in Singapore and deployed globally." "LionsBot has come a long way, and we are pleased to have participated in its growth journey over the years, including the launch of its new robotics facility today. The new facility will not only allow Lionsbot to increase their production output to serve both local and global demands but also provide good job opportunities for our local manufacturing talents. EnterpriseSG remains committed to support local manufacturers who have the ambitions to scale and expand their operations to capture global demand in the robotics arena," said Mr. Soh Leng Wan, Assistant Managing Director, Manufacturing, Enterprise Singapore. In conjunction with the grand opening, Minister of State for Trade & Industry Mr. Alvin Tan officially launched the National Robotics Programme's (NRP) first RoboCluster initiative for the Facilities Management (FM) sector, and commended LionsBot for being among key players piloting the initiative. MOS Tan was joined by representatives from LionsBot, NRP, the Agency for Science, Technology and Research (A*STAR), EnterpriseSG, Ministry of National Development , Singapore International Facility Management Association (SIFMA), AutomationSG, Singapore University of Technology and Design, Ngee Ann Polytechnic and the Temasek Polytechnic for the launch, signifying the close collaboration among local robotics ecosystem players for NRP's RoboCluster initiative. Professor Quek Tong Boon, Chief Executive of NRP said, "NRP is proud to have played a catalytic role in LionsBot's remarkable innovation journey since its conception and the development of its first robot. Despite its short history, LionsBot has successfully established Singapore in the global market for cleaning robots. The opening of its factory at Kranji to significantly enhance its manufacturing capacity testifies to that. Riding on LionsBot's success, NRP is pleased to take the opportunity to launch the first of its RoboCluster initiatives – the Robotics Facility Management Cluster, which makers of cleaning robots are part of. The initiative aims to bring together researchers, universities, research institutes, robotics makers and robotics users in the FM sector. We aim to harness synergy in the development, making, adoption and use of robots for applications such as built environment inspections, maintenance, cleaning, landscaping and other services to upkeep our urban space." LionsBot's journey to excellence is further adorned with recent prestigious accolades such as being named in Forbes Asia's "100 to Watch", securing the 5th position in "Singapore's Fastest Growing Companies 2024" by The Straits Times and Statista, and ranking 23rd in the Financial Times' list of High-Growth Companies in Asia-Pacific for 2024, underscoring its rapid technological growth in the region. The company currently has several new lines of cleaning robots (i.e. R3 Vac, R3 ScrubPro, R12 Rex CS, R12 Rex Scrub), building off the original Leobot that was developed with the support of EnterpriseSG in 2019. LionsBot attracted significant interest from companies globally looking to utilise cleaning robots, with currently over 2,519 cleaning robots marketed across more than 30 countries, and subsidiaries located in the Netherlands, United States, United Kingdom, and India. Expanding the brand's footprint internationally involved overcoming challenges like establishing a robust supplier network and attracting skilled talent. The company has received significant support from government agencies and partners such as EDBI, the strategic investment arm of the Singapore Economic Development Board (EDB), EnterpriseSG, NRP, and The National Environment Agency (NEA) who have helped in facilitating investments, collaborations, and networking opportunities that have been instrumental in LionsBot's growth trajectory. LionsBot’s R3 and Rex robots in action "LionsBot's new manufacturing facility is validation of the company's ability to translate R&D innovation into market-ready products built at scale. It marks a significant milestone for the local robotics ecosystem and allows LionsBot to meet the increasing global demand for cleaning robots, driven by labour constraints. As a strategic investor, EDBI is excited to support LionsBot on its journey towards internationalisation," said Mr. Paul Ng, CEO of EDBI. Collaborative efforts with institutes of higher learning, notably the Singapore University of Technology and Design (SUTD), have also been key and instrumental in sourcing talent, with the Chief Technology Officer (CTO) Mr. Sunardi Tay being an alumnus. Robotics being an emerging field, LionsBot is committed to the continuous nurturing of its workforce, who are not only empowered to bring their innovative ideas to fruition but are also offered opportunities for international exposure and professional development. LionsBot is also active in the local robotics ecosystem, training interns from technical institutions, mentoring and sponsoring local robotics competitions with universities like SUTD. Additional partners, including principal investors, are also viewing this expansion with optimism. Jackie Yang from Translink Capital Partners V, L.P., the lead investor for LionsBot Series A funding, stated, "LionsBot's trajectory in the smart robotics industry is impressive with this recent factory opening in Singapore. Their dedication to enhancing the efficiency and sustainability of cleaning processes through technology is exactly the kind of innovation we want to support. We see immense potential in LionsBot and are thrilled to partner with them who is reshaping the future of cleaning." Viktor Wagner of Reiwag Singapore Pte Ltd, Pre-A series lead investor, reflecting on their early support and the company's growth, commented, "From the beginning, we recognized LionsBot's potential to redefine the cleaning robots industry. It's rewarding to see how our initial investment has contributed to their success, and we look forward to their continued growth and impact in the industry." The grand opening, which featured a ribbon-cutting ceremony, hands-on experience in using the cleaning robots, and a comprehensive facility tour, marked a significant leap towards integrating advanced robotics in various industries. This integration aims at improving productivity, reducing operational costs, and fostering new opportunities in robotics maintenance and programming. About LionsBot International Established in 2018, LionsBot International is a revered name in the realm of smart robotics, offering state-of-the-art technology solutions to the commercial cleaning sector. Headquartered in Singapore, LionsBot has revolutionized the industry with a series of autonomous floor-cleaning robots, all proudly designed, developed, and integrated with their proprietary cloud operating system, LionsOS. The accolades achieved by the company are a testament to its relentless pursuit of excellence: the LeoBot was crowned with the Interclean Amsterdam Innovation Award in 2020, making LionsBot the first Asian firm to clinch this honor. Further, LionsOS bagged the European Cleaning & Hygiene Award for technological innovation in 2022 and the prestigious IF design award in 2023, while the R3 Vac was celebrated with the Red Dot award. LionsBot was recently listed on Forbes Asia's 100 to Watch List in 2023, 5th position in "Singapore's Fastest Growing Companies 2024" by The Straits Times and Statista, and ranked 23rd in the Financial Times' list of High-Growth Companies in Asia-Pacific for 2024. Today, the company proudly distributes over 2500 cleaning robots across 30 countries spanning Europe, the United States, the Middle East and Asia, with subsidiaries in the United Kingdom, United States, India, and the Netherlands.
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