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MIDLAND, Mich., March 3, 2025 /PRNewswire/ -- Paeonia Industries, a premier global firm with deep roots in analytical equipment manufacturing for energy testing, as well as the distribution of scientific testing instrumentation, announces the acquisition of the Savant Group, a Michigan-based consortium of established companies. Founded in 1969, the Savant Group began as a consulting firm specializing in advanced lubrication technology for the automotive and oil industries. Over the years, it has evolved into a comprehensive group of companies consisting of Savant Labs, Tannas Co, King Refrigeration, Institute of Materials, and the Center for Quality Assurance, providing innovative products and services to equipment manufacturers and the global lubricant industry. Today, with its headquarters located in Midland, Michigan, the Savant Group stands as a testament to decades of dedication and hard work, serving a diverse clientele with cutting-edge solutions that improve equipment performance, longevity, and energy efficiency. Paeonia Industries enjoys a strong and diverse operational footprint extending across North America, Western Europe, and Asia. Among the notable companies within Paeonia Industries is CFR Engines Inc, (CFR). Located in Pewaukee, Wisconsin, CFR is recognized as the market leader for laboratory fuel testing, with its proprietary internal combustion testing technology tracing back to 1929. Paeonia Industries is the operating platform of industrial manufacturing assets of the Paeonia Group, a private investment holding company headquartered in Singapore. The Savant Group of companies have experienced significant growth in business and, with the support of Paeonia Industries, will be able to further strengthen capabilities going forward. This acquisition strategically positions the Savant Group for a more robust future by enabling it to harness the global resources, expertise, and market presence of Paeonia Industries. This acquisition is also in line with Paeonia Industries mission to build high-quality businesses and enhance the customer experience by delivering exceptional value in its product and service offerings to support customers across the globe. With the addition of the Savant Group's capabilities, Paeonia Industries aims to deliver an unparalleled range of solutions that address the most complex challenges for its customers in the energy and lubrication sectors. "We are excited to welcome the Savant Group as part of the Paeonia Industries family," said Tedd Zebrowski, Regional President, North America at Paeonia Industries. "This acquisition is in perfect alignment with our long-term strategic vision to expand the breadth of our offerings and deliver comprehensive solutions to our clients. By integrating the extensive expertise, industry knowledge, and deep market access that the Savant Group has cultivated over its 55-year history, with the robust internal capabilities of Paeonia Industries, we will be well-positioned to enhance our customers' experience. This collaborative effort will enable us to effectively address the evolving needs of our combined customer base, fostering an environment where innovation can flourish as we strive to provide market leading solutions for our customers. Together, we will not only meet but exceed the expectations of our clients, ensuring that we remain at the forefront of our industry in delivering exceptional value and service." "I'm proud of the growth and evolution of our Savant Group businesses over the last 55 years", said Rebecca Cox, President and CEO of the Savant Group. "To keep that momentum going, teaming up with a strong organization like Paeonia Industries will ensure even greater success in supporting the industries we serve. This strategic partnership offers perfect synergy with our vision for driving innovation, enhancing our services, and exploring new growth opportunities together." Facilitating a seamless transition for the Savant Group companies, customers, and employees is of paramount importance for Paeonia Industries. Following the completion of the acquisition, the Savant Group of companies will remain in Midland, Michigan and continue to operate under its established family of brands, while simultaneously benefiting from the extensive resources and support offered by Paeonia Industries. This collaborative approach ensures operational continuity while integrating the strengths of both organizations. For more information on each organization:The Savant Group, visit https://www.savantgroup.comThe Paeonia Group, visit https://www.paeonia.com.sg
LISHUI, China, March 3, 2025 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company") announced today that on February 28, 2025, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed. About Tantech Holdings Ltd For the past decade, Tantech has been a highly specialized high-tech enterprise producing, researching and developing bamboo charcoal-based products with an established domestic and international sales and distribution network. Since 2017, when the Company acquired 70% of Shangchi Automobile, a vehicle manufacturer based in Zhangjiagang City, Jiangsu Province, it has manufactured and sold vehicles. The Company established two new subsidiaries, Lishui Smart New Energy Automobile Co., Ltd. and Zhejiang Shangchi New Energy Automobile Co., Ltd., in November 2020, to produce and sell street sweepers and other electric vehicles. The Company is fully ISO 90000 and ISO 14000 certified and has received a number of national, provincial and local honors, awards and certifications for its products and scientific research efforts. The Company's subsidiary, First International Commercial Factoring (Shenzhen) Co., LTD, is engaged in commercial factoring for businesses in and related to its supply chain. For more information please visit: https://tanhtech.com/. Forward-Looking Statements This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the sales, plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. For more information, please contact: Tantech Holdings LtdInvestor RelationsTel: +86 (578) 226-2305ir@tantech.cn
DUBAI, UAE, March 3, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has released its latest Bybit Commodity Insight Report. The report provides key insights into the macroeconomic and geopolitical trends driving gold's bullish trajectory, analyzing the factors that could push the precious metal to new all-time highs. Key Highlights: Bullish Outlook: Gold is expected to surpass $3,000 per ounce in 2025, supported by strong macroeconomic and geopolitical factors. Inflation Hedge: Persistent inflation above the Federal Reserve's target strengthens gold's role as a hedge against currency devaluation. Monetary Policy Shifts: Anticipated U.S. interest rate cuts could boost gold's appeal over interest-bearing assets. Geopolitical Tensions: Global conflicts, including U.S.-China tensions and the Russia-Ukraine war, are driving demand for safe-haven assets. Central Bank Demand: Record-breaking gold purchases, especially by China and Russia, provide structural support for higher prices. Technical Momentum: Breaking past $3,000 could accelerate gains toward $3,200–$3,500. Investor Confidence: Strong ETF inflows and speculative positioning signal a bullish market sentiment. Macroeconomic Drivers With inflation projected to remain above 2%, gold continues to serve as a hedge against declining purchasing power. The Federal Reserve's expected rate cuts could further increase demand, as lower real interest rates make gold more attractive than fixed-income assets. Sources: International Monetary Fund (IMF) Global Economic Outlook, 2025; U.S. Bureau of Labor Statistics (BLS); European Central Bank (ECB); World Bank Macroeconomic Indicators Geopolitical Uncertainty Ongoing conflicts and global instability are reinforcing gold's safe-haven appeal. Historically, gold has outperformed during periods of geopolitical stress, with investors turning to it as a hedge against uncertainty. The current environment suggests this trend will continue. Central Bank Accumulation Central banks purchased over 1,000 metric tons of gold in 2024, a trend expected to persist as countries like China and Russia diversify away from the U.S. dollar. This steady accumulation supports prices and limits downside risk. Technical Strength & Market Sentiment Gold remains in a strong uptrend, with key resistance levels in focus. A break above $3,000 could trigger further gains, while ETF inflows and rising futures positions indicate strong investor confidence. Conclusion Gold's path to $3,000 is driven by inflation, central bank demand, geopolitical uncertainty, and positive technical indicators. As global instability persists, gold's status as a safe-haven asset is expected to strengthen. For a deeper analysis of these trends, access the full Bybit Commodity Insight Report from Bybit. #Bybit / #TheCryptoArk /#BybitResearch/#BybitLearn About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
BARCELONA, Spain, March 3, 2025 /PRNewswire/ -- TCL, a pioneer in display across feature-rich smartphones, tablets, and connected devices, today reaffirmed its commitment to "Connect the Unconnected, Inspire Smarter Connections" in the realm of smart connected devices. This announcement was made at the Mobile World Congress 2025, where TCL showcased its latest advancements in the 5G RedCap Family products, advanced AI-driven solutions, and sustainable designs. "TCL is dedicated to leading the evolution of smarter connectivity and driving global digital progress," said Jesse Wu, General Manager of the Smart Connected Device BU at TCL. "By integrating cutting-edge technology and innovative design, we continually upgrade our broadband offerings to meet the diverse needs of our users, enhancing daily life and contributing to a sustainable future." Accelerating 5G Connectivity: 5G RedCap Product Family As the demand for 5G applications across diverse use-case scenarios continues to rise, 5G RedCap is poised to become a critical technology for the large-scale deployment of LTE replacements, FWA, MBB, and industrial IoT, with shipment volumes projected to reach tens of millions. TCL continues to lead the charge in 5G innovation, notably with the North American launch of the first commercially available 5G RedCap device, the TCL LINKPORT IK511. Except ideal for consumer and industrial M2M applications, this device is at the forefront of the 5G NR RedCap R17 standard, supporting advanced functionalities such as 5G network slicing and Ultra-Reliable Low-Latency Communication (URLLC), making it suitable for critical applications like emergency response, industrial AR and more. TCL 5G RedCap family Broadening the scope of 5G RedCap, TCL has been planning a family of products, including the TCL LINKHUB HH511 for home and business, the TCL LINKZONE MW511 for mobile use. This expansion showcases TCL's commitment to delivering versatile and affordable 5G connectivity solutions. Using the Snapdragon® X35 – the world's first commercial 5G RedCap chipset compliant with Release 17 standards – TCL aims to democratize 5G technology, promoting widespread adoption across all sectors. This collaboration is pivotal in advancing the global deployment of next-generation networks and devices. Driving Smarter Connections: AI-Driven Broadband Solutions TCL is transforming the network experience with AI-enhanced CPE devices, notably the TCL LINKHUB HH516 5G AI CPE. This device combines advanced hardware with AI technology to significantly optimize network performance. The HH516 features end-to-end AI QoS, boosting throughput for critical applications by over 20% and cutting latency in low-latency scenarios by more than 10%. Its innovative AI ECO mode intelligently adjusts power settings based on usage patterns, reducing power consumption by over 10% compared with standard ECO mode. The router also offers exceptional speeds up to 7.01 Gbps for 5G and dual-band Wi-Fi 7 speeds of 7.2 Gbps, supporting up to 512Wi-Fi connections and up to 13dBi high-gain antennas up to 13dBi. These ensure extensive coverage and swift data transmission – ideal for high-demand activities like video conferencing, streaming, and online gaming. TCL LINKHUB HH516L & TCL LINKHUB HH516 TCL is dedicated to continuously improving these AI-powered features through ongoing training of both cloud-based and on-device AI models. Looking ahead, TCL plans to expand these AI innovations across a wider range of products, aiming to establish a robust portfolio of intelligent broadband solutions. our upcoming Wi-Fi 7 Entry 5G CPE, the TCL LINKHUB HH516L, which is set to launch in H2 2025, will bring AI capabilities even to entry-level 5G CPEs. Additionally, our Fiber Home Gateway series products will also benefit from AI enhancements in the future, creating a comprehensive portfolio of AI-driven broadband solutions. This will allow AI to benefit more people and places, inspiring smarter connections. Connect For Green: Our Sustainability Commitments TCL is dedicated to aligning technological innovation with environmental responsibility, making sustainability a central aspect of its mission. This dedication is underscored by achieving significant certifications and reports, including the Life Cycle Assessment (LCA), a Gold Medal from EcoVadis (Top 2% of all companies, and top 1% in telecom product manufacturers), and a rating of B in the Climate Disclosure Project (CDP) (the best of 'Management Band'). The company has implemented several ECO initiatives across the entire product lifecycle, including the capability for product using 40% bio-based plastics or 95% post-consumer recycled (PCR) plastics, and the integration of recycled metals for components. In product design and usage, TCL focuses on ease of disassembly, repairability, and refurbishment, effectively extending product lifespans and minimizing plastic waste. The integration of ECO mode and AI ECO mode in devices optimizes power use, conserves energy, and enhances device longevity during the usage phase. Looking ahead, TCL will consistently integrate eco-friendly initiatives across the entire product lifecycle, committed to creating environmentally responsible products that align with global sustainability goals. Availability TCL LINKPORT IK511: Available in US at T-Mobile stores TCL LINKHUB 5G HH516: Available in H1 2025 globally TCL LINKHUB 5G HH516L: Available in H2 2025 globally About TCL Mobile TCL Mobile specializes in the research, development and manufacturing of smartphones, tablets and connected devices. On a mission to deliver 5G for all, TCL Mobile helps its customers 'Inspire Greatness' in their lives through industry leading technology and solutions. For more information on TCL mobile devices, please visit: https://www.tcl.com/global/en/mobile About TCL TCL Electronics specializes in the research, development and manufacturing of consumer electronics including TVs, mobile phones, audio devices, smart home products and appliances. Combining thoughtful design and innovative technology to inspire greatness, our lineup delivers must-have features and meaningful experiences. As one of the world's largest consumer electronics brands, our vertically integrated supply chain, and state-of-the-art display panel factory help TCL deliver innovation for all. For more information, please visit: https://www.tcl.com TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners.
XUZHOU, China, March 3, 2025 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE: 000425), a leading global construction machinery manufacturer, has proudly announced that three of its factories, specialized for road machinery, firefighting equipment and automotive products, have been officially included in China's 2024 National Green Factory List, a prestigious recognition from the Ministry of Industry and Information Technology. This recognition underscores XCMG's steadfast commitment to sustainable manufacturing practices, environmental responsibility, and innovation in green technology. XCMG Firefighting factory, One of XCMG’s Three Factories Recognized in China’s 2024 National Green Factory List Three factories have been lauded for their continuous efforts to integrate green manufacturing processes, reduce carbon emissions, and enhance resource efficiency. This distinction highlights XCMG's role in helping China achieve its ambitious green development goals and contributes to the company's mission of delivering high-quality, eco-friendly products. Commitment to Green Manufacturing and Clean Energy XCMG continues to make significant strides in integrating clean energy into its manufacturing, with initiatives such as the use of green electricity and the optimization of waste treatment systems. A standout effort in 2024 was the launch of an 8.91 MW photovoltaic power project by XCMG Firefighting, which now provides nearly 20% of the factory's electricity consumption. This initiative has helped lower operational costs, cut carbon emissions, and reinforce XCMG's sustainability goals. Meanwhile, the Road Machinery division's green factory places a strong emphasis on resource efficiency by leveraging automation and digital management. With the adoption of cutting-edge production technologies and a comprehensive green supply chain, XCMG optimizes resource use, enhances recycling, and improves production efficiency, while minimizing waste. This approach is setting new sustainability benchmarks in the manufacturing industry. Technological Innovation and Green R&D At XCMG, green product development is a top priority, with a focus on pioneering electric and low-emission technologies. The XD140EP, a fully electric light-duty roller produced by its Road Machinery division's eco-friendly factory, is China's first dual-drive, dual-vibration fully electric roller. This innovation overcomes issues like excessive noise, intense vibrations, and environmental pollution. Already in use on road construction projects in Hangzhou, it sets a new benchmark for sustainability in road machinery. XCMG's dedication to sustainable development is reflected in its investment in electric-powered aerial work platforms and other low-emission products, which have earned widespread recognition and made a significant contribution to the greener construction machinery industry. Beyond its product innovations, XCMG is also focusing on energy management and process improvements throughout its factories. A thorough energy audit at XCMG's Firefighting factory resulted in the implementation of targeted energy-saving measures, greatly enhancing energy efficiency. The company's conservation efforts are further exemplified by the creation of an intelligent, automated factory equipped with 5G technology, autonomous assembly lines, and cutting-edge welding systems, ensuring optimal energy use and improved manufacturing precision. Circular Economy and Waste Management XCMG's commitment to a green, circular economy is further demonstrated through its comprehensive waste management initiatives. The company has made significant investments in systems designed to efficiently handle air, water, and solid waste. At the Firefighting division, advanced air pollution control systems, wastewater treatment plants, and solid waste recycling processes have been implemented to ensure that all emissions and waste are managed in line with environmental standards. In addition to its product innovations, XCMG is placing a strong emphasis on energy management and process optimization across its facilities. A detailed energy audit at the Firefighting factory led to the adoption of specific energy-saving measures, dramatically improving energy efficiency. The company's dedication to sustainability is also evident in the development of an intelligent, automated factory equipped with 5G technology, autonomous assembly lines, and state-of-the-art welding systems, guaranteeing both optimal energy usage and heightened manufacturing precision.
BARCELONA, Spain, March 3, 2025 /PRNewswire/ -- Huawei Cloud Commercial Vehicle Autonomous Driving Cloud Service (CVADCS) is thrilled to announce its debut at the Mobile World Congress (MWC) 2025, showcasing pioneering advancements in smart driving tailored for the mining industry. This marks the first international launch of CVADCS, underscoring our commitment to technological innovation and market expansion beyond China. At MWC 2025, Huawei Cloud CVADCS will demonstrate how it is transforming open-pit mining operations through intelligent vehicle-cloud synergy. With a remarkable increase in operational efficiency of up to 135%, our solution facilitates safe and efficient smart driving. The Yulong Mine in Tibet, operating at an altitude of 5,000 meters, serves as a testament to our technological capabilities, featuring regular smart driving in extreme conditions. Huawei Cloud CVADCS aims to set a new benchmark for intelligent upgrades in the mining sector globally. Our CVADCS incorporates advanced sensor technologies and data analytics to ensure that operations continue seamlessly, even in adverse weather conditions such as strong winds and dust storms with visibility dropping to 40 meters. This robust solution guarantees precise positioning and performance, enabling real-time adaptability to complex road environments and obstacles. Key Features of CVADCS: Vehicle Capabilities: Unified management and flexible scheduling of multiple vehicles and groups to enhance operational efficiency. Real-time monitoring of vehicle status, with dynamic maps updated in minutes to ensure automatic generation and precise positioning of collection, loading, and dump sites. Cloud Capabilities: Converged sensing capabilities allow for uninterrupted operations in adverse weather conditions with poor visibility of 40 meters, ensuring reliability and safety. Converged positioning technology delivers precision and robustness, maintaining real-time performance even under various interferences. Precise control systems provide tracking and operational oversight of smart mining vehicles, optimizing performance and safety. In addition to fleet scheduling management and real-time monitoring, CVADCS employs a sophisticated supervision platform that continuously assesses the health of both software and hardware components. This includes health self-checks, alarm reporting, and fault analysis for proactive maintenance and recovery. By analyzing production data, our system can predict trends and adjust operational policies, while the service map is dynamically updated, allowing for accurate positioning of operational areas without manual intervention. By enhancing the synergy between vehicle and cloud systems, Huawei Cloud CVADCS significantly boosts the efficiency of smart driving, surpassing traditional manual methods. As we expand our footprint globally, Huawei Cloud CVADCS is dedicated to introducing intelligent and efficient operational models to a variety of sectors, including mines, ports, and campuses. Through ongoing technological innovation and optimization, we are committed to promoting sustainable development within the global mining industry and beyond. Join us at MWC 2025 to witness the future of mining technology and discover how Huawei Cloud CVADCS is driving intelligent transformation in the industry. About Huawei Cloud CVADCS Huawei Cloud CVADCS is an intelligent vehicle-cloud synergy platform developed by Huawei Cloud, designed to empower the mining industry with smart driving with advanced connectivity, data analytics, and AI-driven solutions. CVADCS integrates cutting-edge technologies such as 5G, IoT, big data, and artificial intelligence to enable smarter, safer, and more efficient vehicle management and operations. It serves as a bridge between vehicles and the cloud, facilitating seamless communication, real-time data processing, and intelligent decision-making.
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