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HONG KONG SAR - Media OutReach Newswire - 9 April 2024 - Kerry Logistics Network Limited ('Kerry Logistics Network', 'KLN'; Stock Code 0636.HK), through its subsidiary Kerry eCommerce Limited ('Kerry eCommerce'), has signed a memorandum of understanding ('MOU') on Global Customs Clearance with Menzies Aviation Limited ('Menzies Aviation') and Menzies Macau Airport Services Limited to launch the global customs clearance collaboration project. The tripartite MOU was jointly signed by Frankie Choy, Director of Kerry eCommerce, James Wong, Senior Vice President for Southeast Asia and China at Menzies Aviation, and Raymond Lo, Managing Director of Menzies Macau Airport Services Limited. The signing of the MOU marks the official launch of the global customs clearance collaboration project, which aims to strengthen Macau Airport's e-commerce cargo competitiveness and provide seamless customs clearance services for Kerry eCommerce export through Macau. Kerry eCommerce will leverage the strengths of Menzies Aviation's network of 255 destinations around the world, with Macau Airport as a hub, to ensure that all goods handled by Kerry eCommerce passing through Macau can depart smoothly and achieve fast and efficient transportation through convenient customs clearance procedures in Macau. Menzies Aviation is a global leader in aviation services, with operations across six continents, providing air ground handling services to 255 destinations in more than 60 markets. As a part of Menzies Aviation, Menzies Macau Airport Services Limited focuses on a full range of one-stop airport services and continues to empower the shipping of Macau International Airport. Frankie Choy, Director of Kerry eCommerce, said, "Cross-border e-commerce is currently the fastest-growing segment of international trade. Consumers demand more reliable and faster deliveries than ever. This partnership will give us leverage on shipping internationally with swift and efficient cross-border deliveries that ensure a competitive advantage for our e-commerce customers." James Wong, Senior Vice President for Southeast Asia and China at Menzies Aviation, said, "Menzies Aviation is proud to be a part of this tripartite MOU with Kerry eCommerce and our Joint Venture at Menzies Macau Airport Services Limited. Together, we will explore new opportunities and effect positive changes for the mutual benefits of all parties. We look forward to working together." In response to the growing global demand for trade and freight, this collaboration project fully integrates the expertise and resources of Kerry eCommerce, Menzies Aviation and Menzies Macau Airport Services Limited to provide faster, more efficient and reliable customs clearance services, achieving a win-win situation for all three parties. The three parties will work together to ensure the smooth customs clearance of goods and collaborate on end-to-end solutions on a global scale to support the strong development of e-commerce logistics. Hashtag: #KerryLogisticsNetworkThe issuer is solely responsible for the content of this announcement.About Kerry Logistics Network Limited (Stock Code 0636.HK)Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and extensive coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal) and e-commerce to industrial project logistics and infrastructure investment. With a global presence across 60 countries and territories, Kerry Logistics Network has established a solid foothold in half of the world's emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across the Mainland of China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations. Kerry Logistics Network generated a revenue of over HK$47.4 billion in 2023. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Corporate Sustainability Benchmark Index. About Menzies Aviation LimitedMenzies Aviation, a global leader in aviation services, operates across six continents and provides ground services to 255 destinations in over 60 markets. As part of Menzies Aviation, Menzies Macau Airport Services Limited specialises in comprehensive one-stop airport services, contributing to the efficient operation of Macau International Airport.
BANGKOK, April 8, 2024 /PRNewswire/ -- Velo, in collaboration with its partner Lightnet, is pleased to announce the signing of a Memorandum of Understanding (MOU) with the Solana Foundation for its Laos Gold Project. Solana will act as the blockchain settlement layer and Velo will be the backbone infrastructure layer as well as the designated clearing house for Laos' digital gold transactions under the Gold Project. This combination will ensure efficient and secure processing of transactions on the blockchain. Velo plays a crucial role in facilitating the overall operation and reliability of the clearing house function. It is responsible for validating and finalizing transactions securely, upholding trust, and ensuring the smooth execution of contractual obligations between buyers and sellers settled on Solana's blockchain. The MOU also includes a robust bridging mechanism to enhance interoperability between Solana's L1, Nova, and EVM-compatible chains. This initiative aligns with the blockchain principle of interconnectedness, promoting connectivity and accessibility of digital assets across different blockchain networks. The collaboration marks a significant advancement, unlocking new possibilities for asset transfers, liquidity provision, and Web3 activities, meeting the rising demand for cross-chain transactions and contributing to the growth of the Web3 ecosystem. Additionally, this agreement entails the implementation of comprehensive liquidity management protocols. These protocols include the development and maintenance of on-ramp and off-ramp facilities for assets on the Solana blockchain, further strengthening the framework for digital asset transactions. The goal is to roll this out in Southeast Asia and then globally. This strategic initiative paves the way for Digital Gold to expand its user base, offering greater accessibility, particularly for users seeking a stable and secure store of value. Leveraging Solana's technical expertise, this collaboration promises users a seamless integration of investment and financial opportunities in the evolving digital landscape. About Velo Labs Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive Web3-based payment network and Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide — dedicated to empowering global financial connectivity and expanding accessibility globally. Follow us for more info: Twitter / Telegram
GUANGZHOU, China, April 4, 2024 /PRNewswire/ -- On March 30, GAC International and WTCA entered a transformative phase in their joint effort to enhance localized vehicle production in Malaysia. In a signing ceremony held at the Kuala Lumpur International Trade and Exhibition Center, the two parties formalized a CKD Technical Collaboration Agreement to accelerate the localized production of the EMZOOM model, and a Memorandum of Understanding (MOU) to initiate feasibility studies for two new CKD vehicle assembly projects. GAC International and WTCA Sign MoU, Entering Strategic CKD Technical Collaboration Agreement in Malaysia Attendees included Shen Ying, Director of the Guangzhou Municipal Transportation Bureau; Wu Jiping, Deputy Director of the Guangzhou Municipal Government Office; Sun Shuqiang, Minister Counselor of the Economic and Commercial Office of the Chinese Embassy in Malaysia; Loke Siew Fook, Minister of Transport Malaysia; Puan Yuslinawatibinti Mohd Yusof, Director of MATRADE; Tan Keng Meng, CEO of Warisan TC Holdings; Feng Xingya, President of GAC Group; Huang Yongqiang, General Manager of GAC MOTOR; Wei Haigang, General Manager of GAC International, and Deng Kui, Head of International Department of GAC. In alignment with GAC's regional growth strategy, this landmark collaboration grants WTCA exclusive rights to locally assemble GAC's authorized vehicle models using CKD kits and components manufactured to GAC's global technical specifications and quality standards. A subsidiary of Warisan TC Motor Holdings Bhd and part of the Tan Chong Group, WTCA is also entrusted with the marketing, distribution, and servicing of GAC vehicles. Following the successful rollout of the first EMZOOM model at the Segambut plant in February, the model is set to enter the SOP phase in late April, marking EMZOOM as the first mass-produced CKD model of GAC. GAC International and WTCA have also agreed in an MOU to propel CKD production of the right-hand drive EMKOO for the Malaysian market and left-hand drive EMZOOM models for export to Vietnam by conducting feasibility studies, expected to be completed in July. CEO of WTCA, Tan Keng Meng said the MOU represents both companies' shared vision. "It sets a framework for a comprehensive evaluation to bring CKD production of GAC's popular models to Malaysian soil," Tan said. The commitment to localized production underscores GAC's steadfast dedication to the Malaysian automotive landscape. Looking ahead, Feng Xingya, President of GAC Group stated, "we will further integrate into the Malaysian market, insight into local user needs, and deliver more dependable and convenient products and services."
HONG KONG, April 3, 2024 /PRNewswire/ -- On April 3, Westwell signed a Memorandum of Understanding (MOU) with Hong Kong Air Cargo Terminals Limited (Hactl) - Hong Kong's largest independent cargo handler to collaborate on the introduction of new energy autonomous driving tractor, the Q-Tractor P40. Both parties aim to develop autonomous vehicles which – in addition to the relatively simple task of towing cargo dollies – automatically couple and uncouple the dollies, and adjust to their differing specifications. Westwell Signs an MOU with Hactl in Hong Kong Once testing and final on-site tuning and mapping to Hactl's specific requirements are completed, the AETs will be progressively integrated into Hactl's current driver-controlled tractor fleet, and will initially tow loaded import ULDs on a 1km route between the outdoor ULD staging area, and the main terminal ULD system intake deck of SuperTerminal 1. AETs will be used on longer and more complex routes in due course. Safety is the major consideration in operating the new vehicles. Each AET is equipped with a highly-accurate GNSS system and uses multiple HD cameras and LIDAR sensors to detect all objects and avoid collisions. The AETs have similar capabilities to the current diesel-powered tractor fleet, but operational speeds will be restricted to 8kph as an additional safety measure. The AETs have a range of up to 75km per charge; being electrically-powered, they will also make a significant contribution to Hactl's carbon reduction programme. One of Hactl's main motivations in moving to autonomous vehicles is the ongoing challenge of recruiting, explains Wilson Kwong, Chief Executive of Hactl: "Recruitment for airport-related work, and particularly airside work, is becoming ever more challenging. This means we must utilise our available workforce as efficiently as possible, and deploy them on those duties which make best use of their experience, skills and abilities. "After extensive investigation and research, we believe that the work of operating towing tractors over set routes should now be feasible using the latest autonomous vehicle technology, and that this can be achieved without compromising safety. Although driverless vehicles are becoming established technology, Hactl is enhancing the concept with the addition of automated functions specific to its needs." Kenny Tan, Chairman of Westwell, adds: "Handling facilities are crucial elements in the logistics chain. Westwell will leverage the latest artificial intelligence technology and clean energy, to assist Hactl in building a fully automated cargo terminal integrating green, intelligent, and efficient features." The deployment of AETs is Hactl's first step in the potential wider use of autonomous vehicles throughout its operations, adds Kwong. "This is just the beginning. We are exploring additional applications for this technology, with the aim of further improving productivity and freeing up staff for more demanding duties, while continuing to reduce our environmental impact." Intelligence and sustainability are driving Westwell's development toward smart airports. This cooperation also injects new energy into Westwell's globalization efforts. So far, Westwell has increased efficiency and sustainable productivity value to over 200 users in 18 countries and regions worldwide. In the future, Westwell will continue to combine new intelligence with green energy sources to empower the global logistics industry in achieving higher efficiency and more sustainable value enhancement in the realm of intelligent green evolution. About Hactl Launched in 1976, Hong Kong Air Cargo Terminals Limited (Hactl) is Hong Kong's largest independent cargo handler, serving more than 100 airline companies and 1,000 freight forwarders. Its base, SuperTerminal 1, is Hong Kong's largest cargo handling facility, with an annual design capacity of 3.5 million tonnes. Hactl's subsidiary Hacis provides scheduled road feeder services to/from 9 key points in southern China's important Greater Bay region, and operates an E-commerce Fulfilment Centre on-airport. Hactl's world-leading, self-developed IT system, COSAC-Plus, links it with airlines, freight forwarders, agents, shippers/consignees, Airport Authority, Civil Aviation Authority, Census and Statistics Department, and Customs and Excise Department. Hactl's shareholders are Jardine Matheson & Co., Ltd (41.67%), Hutchison Port Holdings Ltd (20.83%), The Wharf (Holdings) Ltd (20.83%) and China National Aviation Corporation (Group) Ltd (16.67%).
- Milk Partners Co., Ltd, signed MoU with The Sandbox which is an open metaverse UGC (User Generated Contents) platform- Expecting to generate synergy with both companies' partners by providing upgraded blockchain and metaverse user experience SEOUL, South Korea, March 26, 2024 /PRNewswire/ -- Milk partners Co., Ltd. (CEO, Jungmin Cho), which operates the blockchain-based loyalty integration platform, 'MiL.k', announced that they have signed a memorandum of understanding (MoU) with The Sandbox, an open metaverse UGC (User Generated Contents) platform. MOU signed ceremony between Milk Partners and The Sandbox Global On 25th Mar, the MoU ceremony held at Milk partners office with major team members of both companies including Jungmin Cho (CEO of Milk partners) and Sebastian Borget (Co-Founder and COO of The Sandbox Global) to agree on the strategic partnerships and mutual cooperation. The Sandbox is the blockchain based metaverse platform providing free 3D production tools for content creation that allows anyone to easily create, own, and monetize gaming content while enjoying content from various brands in a new way in the metaverse. The Sandbox earned over 5 million global users and has partnered with more than 800 leading companies, including Warner Music Group, Gucci, Netmarble, CJ ENM, Cube Entertainment, LINE Studio and other global brands. Through this partnership, both companies plan to provide users with the expanded blockchain and metaverse experience, as well as generate positive synergy by implementing co-marketing activities on the metaverse with various partners of each company. MiL.k, the blockchain based loyalty integration platform operated by Milk Partners Co.,Ltd, has a number of domestic and global partners representing each industry such as travel, leisure, shopping, and lifestyle. Through this MoU, diverse collaboration opportunities for MiL.k's partners are expected. Jungmin Cho, CEO of Milk Partners Co., Ltd. said, "In addition to our rich partnership line up, we are expecting to generate various synergy with The Sandbox, the leader of Metaverse. We are planning to provide unique experience with various co-marketing activities. Please looking forward to it!" Sebastian Borget, Co-Founder and COO of The Sandbox, said, "Through this collaboration with MiL.k, and launching together innovative programs at major retail & consumer stores across South Korea domestic market, powered by blockchain technology, we're looking forward to onboarding new audiences onto The Sandbox open metaverse platform, introducing them to the exciting opportunities of the Creators Economy" said Sebastian Borget, Co-Founder and COO of The Sandbox. "South Korea remains one of the most dynamic markets for The Sandbox and we're excited to see how this will funnel further growth and adoption of Web3 technology through this partnership between MiL.k and The Sandbox". Meanwhile, MiL.k is the blockchain based loyalty integration platform that allows users to collect and use points or mileage from various companies. Through MiL.k, users can integrate reward points from different service companies into the single asset, Milk Coin (MLK) and with Milk Coin, users can exchange with MiL.k's partners' points to use the service more efficiently. Currently, MiL.k is partnering with major domestic companies such as OK Cashback (loyalty program of the second largest group, SK Group), Lotte L.POINT (loyalty program of Lotte Group), CU (No.1 convenience store in Korea), Megabox (Top multiplex), Yanolja (No.1 Online Travel Agency in Korea), Jin Air (LCC brand of Korean air), and Daily Hotel (Premium Online Travel Agency), as well as point exchange services and business partnerships with global partners such as airasia (global LCC) and Getplus (The loyalty coalition of Djarum Group). [PR team contact point]info@milkplay.com
BEIJING, March 22, 2024 /PRNewswire/ -- JA Solar, a leading manufacturer of high-performance photovoltaic (PV) products, recently completed the delivery of the first batch of 5.2MW modules under the memorandum of understanding (MOU) agreement with SK Group's subsidiary, SK E&S, for 200MW n-type modules. The project exclusively utilizes JA Solar's n-type DeepBlue 4.0 series modules, including the "signature product" 2465mm*1134mm (72-cell) specifications from the n-type DeepBlue 4.0 Pro series. JA Solar Completes First Delivery under the MOU Agreement with South Korea’s SK E&S for 200MW n-Type Modules This collaboration not only marks a significant milestone for JA Solar's business development in the South Korean market but also represents the first cooperation between the company and SK Group, one of the five major conglomerates in South Korea. This collaboration demonstrates the determination and strength of both parties to join forces, bringing win-win opportunities and laying the foundation for more cooperation in the future. As a key advocate and practitioner of the RE100 initiative, SK Group is committed to achieving 100% renewable energy use in its global operations by 2050. Leveraging its leading product technologies, JA Solar has provided SK Group with reliable products and services, helping SK Group take a crucial step forward in achieving its RE100 commitments and accelerating its progress towards its renewable energy goals. The DeepBlue 4.0 Pro product supplied by JA Solar adopts the company's proprietary high-efficiency n-type Bycium+ passivated contact cell technology, with an open-circuit voltage of 733mV and an impressive production efficiency of 26%. Additionally, the DeepBlue 4.0 Pro module integrates core technologies such as SMBB and high-density packaging, enhancing overall performance and efficiency. With a power of 635W and a module efficiency of 22.8%, the module stands as the most powerful product within the industry's 182-series modules. Its power generation performance, and reliability under various application scenarios have been recognized by multiple authoritative institutions, providing reliable assurance for customers' power plant returns. Since entering the South Korean market in 2011, JA Solar has earned a good reputation with its efficient products and quality service. In 2018, JA Solar established a subsidiary in South Korea to further deepen its efforts to provide timely and efficient support and services to local customers. In recent years, JA Solar has supplied modules for several landmark projects in South Korea, including the first n-type project, the Atae/Taejun/Yueun PV plant, and the then largest local wind-solar hybrid project in 2020. In the future, JA Solar will further leverage its product and technology advantages to provide local customers with better-localized services and promote the development of the South Korean PV market.
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