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KUALA LUMPUR, Malaysia, Nov. 15, 2024 /PRNewswire/ -- Recently Yingli Solar kicked off its Global Techspark Workshops under the theme "Powering the Future" in Kuala Lumpur, Malaysia. The event marks the beginning of Yingli Solar's global initiative of brand and technology upgrade and sets the stage for its deeper engagement with the Malaysian and broader Southeast Asian markets. The event brought together local PV industry professionals, including experts from research institutions, PV project owners, and partners across the supply chain, to discuss energy transition in Southeast Asia and advancements in PV technology and products. group photo of the event In his opening address, Allen Geng, Yingli Solar's Managing Director of International Sales, welcomed all attendees and expressed gratitude for their participation. He emphasized Malaysia's significant growth potential for PV power generation, as well as Yingli Solar's commitment to quality and a long-term vision as a global leader in PV solutions. Yingli Solar entered the Malaysian market as early as 2013, with its projects continuing stable operations to this day. Mr. Geng affirmed Yingli Solar's readiness to share expertise with partners and collaboratively expand market opportunities to advance Malaysia's energy transition. Following the opening address, Afzanil Bin Md. Anuar, Deputy Director of Green Technology Division from MIDA delivered a keynote speech titled "Driving Malaysia's Energy Transition Through Green Technology Investments", elaborating on the national energy transformation roadmap, sharing investment opportunities and implementation paths for green industries. Tommy Zheng, Yingli Solar's Product Manager, shared his insights into the latest technological trends and demonstrated the reliability of Yingli Solar's products. He highlighted that Yingli Solar is among the first global PV companies to achieve mass production of N-type cells and modules. Through continuous technology upgrades, Yingli Solar's Panda N-type products boast superior low-light performance, high bifaciality, robust weather resistance, efficiency, and reliability, making them perfect to withstand the tropical climate, high humidity, and frequent typhoons of Southeast Asia. Finally, Nicholas Kee, Yingli Solar's Regional Sales Director in Southeast Asia, elaborated on development trends and potential challenges in the region and Yingli Solar's long-term strategy in the Malaysian market. He also announced a series of localized growth strategies and incentives which attract high attention from attendees. With abundant solar resources, Malaysia presents a promising future for PV development. This event has also started Yingli Solar's brand and technology upgrade on a global scale.
Datasea's Top-Line Performance Driven by its Further Penetration of China's 5G AI Applications Segment BEIJING, Nov. 13, 2024 /PRNewswire/ -- Datasea Inc. (NASDAQ: DTSS) ("Datasea" or the "Company"), a Nevada-based technology firm, today released its financial results for its first fiscal quarter ended September 30, 2024, reporting robust revenue of $21.1 million, representing 206% growth year-over-year. The increase in revenue was primarily due to the continued success of the Company's leading edge 5G AI multimodal digital business segment sector in China. Ms. Zhixin Liu, CEO of Datasea, commented, "Our first quarter revenue came in at 3.1x that of the year-ago quarter, continuing the growth momentum we have seen since 2024. This affirms the success of our 5G AI business strategy and highly effective marketing, which has expanded our customer base and accelerated the growth of our 5G AI business segment. Our commitment to technological innovation in both our 5G AI and acoustics business segments continue to fuel the visibility of our products and services while ensuring our corporate growth." Financial Highlights Revenue: Datasea reported first quarter revenue of $21.1 million, a 206% increase from revenue of $6.9 million for this same year-ago period. This surge in revenue was driven primarily by the rapid growth of our 5G AI multimodal business. Current Assets: As of September 30, 2024 and June 30, 2024, the Company's current assets were $7.2 million and $2.6 million, respectively. The period-over-period increase in current assets denotes added liquidity to support the smooth running of our day-to-day operations. Cash Balance: As of September 30, 2024 and June 30, 2024, the Company's cash balance was $0.9 million and $0.2 million, respectively. This was the result of a successful registered direct offering raising approximately $2.25 million in the first quarter. Subsequently, on October 15, 2024, the Company received approximately $4.0 million in gross proceeds from a private placement offering to support its future business operations, which was partially funded by insiders including the Company's Chief Executive Officer. Business Highlights 5G AI Multimodal Digital Business 1. 5G AI Multimodal Digital Business The Company has completed an upgrade of its core 5G AI multimodal communication business with AI processing technology. Currently, it can achieve AI creation and generation of various information forms including sound, text, images, and videos, as well as efficient transmission and AI digital human marketing functions. This capability can empower numerous industries and clients with highly effective marketing and video matrix capabilities by our 5G Multimodal Communication products. 2. Prospective Partner with China Mobile Internet During the first fiscal quarter, the Company's wholly-owned subsidiary, Heilongjiang Xunrui Technology Co., Ltd., was selected by China Mobile Internet as a prospective partner in its database of companies for specific project cooperation contracts. China Mobile Internet is a subsidiary of China Mobile, one of the world's largest mobile operators and the largest wireless carrier in China.Ms. Liu Zhixin, CEO of Datasea, commented, "We believe that the opportunity to collaborate with China Mobile Internet will provide new possibilities for growth of our existing businesses, which may enable our 5G AI subsidiary to further broaden its market channels, enhance brand influence, and offer higher quality products and services to a wider range of customers." 3. New 5G AI Agreements During the first fiscal quarter, two of the Company's 5G-AI subsidiaries entered into new agreements to provide 5G-AI multimodal digital services, including specialized marketing tools, that have an estimated potential total value of approximately $30 million over 12 months based on customer needs. The Company expects the new agreements will have a substantially positive impact on its financial performance in fiscal 2025 and will further enhance its positioning in China's 5G application landscape. Datasea plans to continue aggressively marketing these products and services, potentially leading to additional contracts in the near future. Datasea's Acoustics Business 1. Technological Innovation and Applications The Company is continuously advancing in technological innovation and maintaining a competitive edge in the field of acoustic technology, particularly in ultrasonic technology and Schumann resonance. This enables broader and more efficient applications in disinfection and sterilization, crop drying, security monitoring, sleep aid, beauty and skincare, as well as medical and wellness support. 2. New Product Development The Company continues to enhance and upgrade its range of acoustic products, including a series of ultrasonic air disinfection machines, with a particular focus on the Sleep Assurance Device (a non-contact sleep assistance device) for health improvement. This device combines cutting-edge "Acoustics + AI" precision manufacturing technology, featuring functions such as Schumann vibration for sleep aid, fatigue relief, AI voice commands, and intelligent light sensing. 3. Outlook for the Acoustics Business: To drive domestic growth in China, Datasea has implemented a robust new marketing strategy that integrates brand building, multi-channel marketing, and a refined pricing approach. This strategy encompasses multiple e-commerce platforms such as Tmall, JD.com, Douyin, Xiaohongshu, Dewu, Weibo, and various video channels. Through these platforms, Datasea is enhancing its brand exposure, utilizing live-streaming and influencer partnerships on Douyin, and engaging users with community-driven marketing on Xiaohongshu and Dewu. With its targeted mid-to-high-end pricing strategy and platform-specific promotions, Datasea is poised to expand its market reach and boost consumer engagement. In terms of international expansion, Datasea has established a U.S. subsidiary, Datasea Acoustics LLC, to lay the groundwork for a larger distribution network in North America. Datasea Acoustics LLC is focused on forming partnerships with leading U.S. retailers and distributors, and is actively pursuing collaborations in Europe and Asia. These initiatives will position Datasea to capture new market share and drive global growth. About Datasea Inc. Datasea Inc. ("Datasea") is a leading provider of products, services, and solutions for enterprise and retail customers in two innovative industries, acoustic high tech and 5G-AI multimodal digitalization. The Company's advanced R&D technology serves as the core infrastructure and backbone for its products. Its 5G multimodal digital segment operates on a cloud platform based on AI. Datasea leverages cutting-edge technologies, precision manufacturing, and ultrasonic, infrasound and directional sound technology in its acoustics business to combat viruses and prevent human infections, and it is also developing applications in medical ultrasonic cosmetology. In July 2023, Datasea established a wholly-owned subsidiary, Datasea Acoustics LLC, in Delaware, in a strategic move to enter the U.S. markets and to mark its global expansion plan. For additional information, please visit www.dataseainc.com. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the SEC, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Datasea Investor RelationsEmail: investorrelations@shuhaixinxi.com sunhezhi@shuhaixinxi.com DATASEA INC. CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, JUNE 30, 2024 2024 (UNAUDITED) ASSETS CURRENT ASSETS Cash $ 937,606 $ 181,262 Accounts receivable 18,445 718,546 Inventory, net 208,062 153,583 Value-added tax prepayment 128,430 107,545 Subscription receivables - related parties 3,980,382 - Prepaid expenses and other current assets 1,908,999 1,486,956 Total current assets 7,181,924 2,647,892 NONCURRENT ASSETS Property and equipment, net 43,680 48,466 Intangible assets, net 518,306 546,001 Right-of-use assets, net 212,740 49,345 Total noncurrent assets 774,726 643,812 TOTAL ASSETS $ 7,956,650 $ 3,291,704 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 284,140 $ 1,075,641 Unearned revenue 1,312,317 49,239 Accrued expenses and other payables 691,792 596,714 Due to related parties 231,551 654,560 Operating lease liabilities 90,794 53,530 Bank loan payable 1,148,786 1,170,298 Total current liabilities 3,759,380 3,599,982 NONCURRENT LIABILITIES Operating lease liabilities 132,541 - Total noncurrent liabilities 132,541 - TOTAL LIABILITIES 3,891,921 3,599,982 COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY (DEFICIT) Common stock, $0.001 par value, 25,000,000 shares authorized, 7,087,002 and 3,589,620 shares issued and outstanding as of September 30, 2024 and June 30, 2024 , respectively 7,087 3,589 Additional paid-in capital 45,268,415 38,957,780 Accumulated comprehensive income 229,054 242,208 Accumulated deficit (41,402,311) (39,440,322) TOTAL COMPANY STOCKHOLDERS' EQUITY (DEFICIT) 4,102,245 (236,745) Noncontrolling interest (37,516) (71,533) TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (4,064,729) (308,278) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 7,956,650 $ 3,291,704 DATASEA INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) THREE MONTHS ENDED SEPTEMBER 30, 2024 2023 Revenues $ 21,081,094 $ 6,880,743 Cost of revenues 20,884,113 6,806,008 Gross profit 196,981 74,735 Operating expenses Selling 996,049 84,447 General and administrative 1,128,403 693,060 Research and development 103,079 155,004 Total operating expenses 2,227,531 932,511 Loss from operations (2,030,550) (857,776) Non-operating income (expenses) Other income (expenses), net 55,826 (7,864) Interest income 4,055 106 Total non-operating income (expenses), net 59,881 (7,758) Loss before income tax (1,970,669) (865,534) Income tax - - Loss before noncontrolling interest from continuing operations (1,970,669) (865,534) Income before noncontrolling interest from discontinued operations - 833,546 Less: loss attributable to noncontrolling interest from continuing operations (8,680) (9,932) Less: loss attributable to noncontrolling interest from discontinued operations - - Net loss attribute to noncontrolling interest (8,680) (9,932) Net loss to the Company from continuing operations (1,961,989) (855,602) Net income to the Company from discontinued operations - 833,546 Net loss to the Company (1,961,989) (22,056) Other comprehensive item Foreign currency translation loss attributable to the Company (13,154) (161,216) Foreign currency translation gain (loss) attributable to noncontrolling interest 41,306 (8) Comprehensive loss attributable to the Company $ (1,975,143) $ (183,272) Comprehensive income (loss) attributable to noncontrolling interest $ 32,626 $ (9,940) Basic and diluted net loss per share $ (0.49) $ (0.01) Weighted average shares used for computing basic and diluted loss per share * 4,041,052 1,963,066 * retroactively reflect 1-for-15 reverse stock split effective on January 19, 2024 DATASEA INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) THREE MONTHS ENDED SEPTEMBER 30, 2024 2023 Cash flows from operating activities: Loss including noncontrolling interest $ (1,970,669) $ (31,988) Adjustments to reconcile loss including noncontrolling interest to net cash used in operating activities: Gain on disposal of subsidiary - (833,546) Bad debt reversal (7,026) - Depreciation and amortization 85,635 137,873 Loss on disposal of fixed assets 2,815 - Operating lease expense 38,932 74,181 Stock compensation expense 375,000 20,100 Changes in assets and liabilities: Accounts receivable 701,384 (21,436) Inventory (51,064) 137 Value-added tax prepayment (18,760) (14,121) Prepaid expenses and other current assets (384,177) (5,692,660) Accounts payable (794,504) (179,875) Unearned revenue 1,242,820 (45,332) Accrued expenses and other payables 79,650 (56,515) Payment on operating lease liabilities (32,691) (101,231) Net cash used in operating activities (732,655) (6,744,413) Cash flows from investing activities: Acquisition of property and equipment (2,752) (330) Acquisition of intangible assets (44,768) - Cash disposed due to disposal of subsidiary - (35) Net cash used in investing activities (47,520) (365) Cash flows from financing activities: Repayment to related parties (426,944) (675,828) Proceeds from loan payables - 879,422 Repayment of loan payables (40,815) (184,425) Net proceeds from issuance of common stock 1,958,751 8,061,286 Net cash provided by financing activities 1,490,992 8,080,455 Effect of exchange rate changes on cash 45,527 (136,657) Net increase in cash 756,344 1,199,020 Cash, beginning of period 181,262 19,728 Cash, end of period $ 937,606 $ 1,218,748 Supplemental disclosures of cash flow information: Cash paid for interest $ 9,214 $ 5,551 Cash paid for income tax $ - $ - Supplemental disclosures of non-cash financing activities: Right-of-use assets obtained in exchange for operating lease liabilities $ 197,347 $ - IMPORTANT NOTICE TO USERS The information provided is a summary only, please refer to the Form 10-Q for the full text of this notice. All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K.
SYDNEY, Nov. 13, 2024 /PRNewswire/ -- Lake Resources N.L. (ASX:LKE; OTC:LLKKF) (Lake or the Company) is pleased to announce that a wholly-owned subsidiary of Lake has entered into an asset sale agreement with Austroid Corporation for the sale of three of its non-core lithium brine assets in Argentina for $9 million USD (approximately $13.6 million AUD) (Transaction). The non-core assets included in the Transaction are lithium brine tenements and related assets located in Jujuy Province, Argentina; namely Paso de Jama, Olaroz, and Cauchari. The Transaction will provide Lake with additional, non-dilutive liquidity and the funds will be used to support the Company's financial runway to continue its focus on progressing its flagship asset, the Kachi Project (Kachi or the Project). "Given that Kachi is a premier tier-one asset with a total resource estimate exceeding 10.6 million tonnes of lithium carbonate equivalent (see ASX Announcement on 22 November 2023) and strong economics, the Company has decided to focus all of its resources on the Project," Lake CEO David Dickson said. "We have more than enough brine at Kachi for a 25-year project with potential for expansion." Mr Dickson said that Lake conducted a competitive process to maximize value and the USD $9 million was an excellent result for shareholders. The sale reflects Lake's commitment to maintaining a focused and efficient portfolio. The Transaction also further positions Lake to advance Kachi and benefit from an evolving lithium market landscape – especially in light of recent industry developments. "Lake remains focused on securing high value strategic partnerships and offtake agreements to bolster Kachi's development," Mr Dickson said. On the Financial Runway: Mr Dickson said that Lake had no debt or other major capital commitments and had aggressively right sized the business for the current lithium commodity price environment. With cash on hand as at 30 September 2024 (approximately $17.5 million AUD, see ASX Announcement on 30 October 2024) and the expected proceeds from the Transaction, the Company's pro-forma cash position is approximately $31.1 million AUD. With additional capital raising capacity available to the Company, Lake is well positioned with strong financial liquidity into 2026. Approval by the shareholders of the additional placement capacity under ASX Listing Rule 7.1A as requested by the Company at the upcoming Annual General Meeting would also further enhance the Company's liquidity position. On the Sector Landscape: "The increasing interest in lithium plays from global investors across the United States, Europe, China, the Middle East and India, including major mining and energy players, underscores the strategic value of Argentinian lithium assets driven by improved investing conditions in Argentina following passage of the Promotional Regime for Large Investment (The Régimen de Incentivo para Grandes Inversiones, otherwise known as RIGI). Rio Tinto's acquisition of Arcadium reflects this sentiment," Mr Dickson said. The Kachi Project, located in the Catamarca Province, stands out as one of the largest Direct Lithium Extraction (DLE) brine resources in Argentina. Rio Tinto's commentary on DLE technology's efficiency, scalability, and sustainability aligns with Kachi's value proposition. "Our testing demonstrates significantly higher lithium recovery rates with markedly improved environmental benefits through lower water and land usage and reduced waste compared to alternative lithium extraction methods," Mr Dickson said. Closing of the Transaction: Closing of the Transaction and receipt of proceeds are subject to customary closing conditions and are expected to occur by the end of 2024. Lake will discuss the Transaction as well as impact to its liquidity at the Annual General Meeting scheduled for 21 November 2024 at 9:00am Brisbane time (10:00am AEDT). For investor queries, please contact: InvestorRelations@lakeresources.com.au or log onto Investor Hub through Lake's public website For media queries, please contact: Nigel Kassulke at Teneo M: +61407904874E: Nigel.Kassulke@teneo.com About Lake Resources N.L. (ASX:LKE OTC:LLKKF) Lake Resources N.L. (ASX:LKE; OTC:LLKKF) is a responsible lithium developer utilising state of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina. Lake also has three additional early-stage projects in this region. This ion exchange extraction technology delivers a solution for two rising demands – high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits. Forward Looking Statements: Certain statements contained in this announcement, including information as to the future financial performance of the projects and the Company, are forward-looking statements. Such forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Lake Resources N.L. are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results, expressed or implied, reflected in such forward-looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of production and prices, operating costs and results, capital expenditures, reserves and resources and anticipated flow rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions and affected by the risk of further changes in government regulations, policies or legislation and that further funding may be required, but unavailable, for the ongoing development of Lake's projects. Lake Resources N.L. disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. All forward-looking statements made in this announcement are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Lake does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Annual 'Expect Incredible Awards' recognize the MediaTek-powered devices bringing remarkable design, powerful performance and incredible experiences around the globe DELHI, India, Nov. 12, 2024 /PRNewswire/ -- MediaTek today announced the winners of the second-annual 'Expect Incredible Awards.' The global awards recognize best-in-class MediaTek-powered devices across several applications and industries. The winners are selected by independent and trusted industry analysts and creators, including Counterpoint Research and 91 Mobiles, based on a variety of factors that includes design, performance, integration of the latest technologies, and overall innovation. To be eligible, devices must be on the market before October 2024. MediaTek Expect Incredible Awards 2024 "MediaTek chips power more than 2 billion devices each year, providing users around the world with the best experiences that technology has to offer," said Finbarr Moynihan, General Manager and Vice President of Corporate Marketing at MediaTek. "Working together with some of the world's biggest brands, we give our partners the tools they need to get the most out of our chipsets. This results in compelling devices, from mass market to flagship, that highlight all the things we can achieve through the latest and greatest technology." "MediaTek's Expect Incredible awards highlight not only the best devices in different categories, but also the breadth of technology that can be built around MediaTek's platforms," said Avi Greengart, founder and lead analyst at Techsponential. "Some of this year's winners are about CPU and AI performance, for example, Samsung chose the MediaTek Dimensity 9300+ to power its flagship tablet. Others showcase MediaTek's leadership in connectivity, such as Archer's BE550 – one of the first WiFi 7 routers on the market – or the ISP capabilities powering the extraordinary camera on Vivo's X100 Pro." The winners of Expect Incredible Awards 2024 are: Best Overall Winner: Samsung Galaxy Tab S10 Ultra Best in Mobile Winner: Vivo X100 Pro Runner-up: Motorola Razr 2024 Best in AI Winner: Samsung Galaxy Tab S10 Ultra Runner-up: Vivo X100 Pro Best in Smart Home Winner: Amazon Echo Spot Runner-up: Google TV Streamer Best in Computing: Winner: Samsung Galaxy Tab S10 Ultra Runner-up: Asus Rog Ally X Best in Connectivity and IoT: Winner: Archer BE550 Runner-up: Jio Scooter Smart Digital Cluster The winners and finalists of each category are featured at MediaTek's global media event in India in November, and at the upcoming MediaTek CES and MWC booths where attendees can "Expect Incredible" experiences. More technical specifications and details can be found on the Powered by MediaTek site. About MediaTek Inc. MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables nearly 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information. Media Contact:Kevin Keating, pr@mediatek.com
Collaboration will Leverage Solidion's Patent Portfolio and Drive U.S. Manufacturing DALLAS, Nov. 11, 2024 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI), an advanced battery technology solutions provider, today announced a strategic Memorandum of Understanding with Bluestar Materials Company of Taiwan. This agreement will leverage Solidion's patent portfolio and accelerate the commercialization of its anode technology, including its recently disclosed technology that allow lithium batteries to be charged in 5 minutes. The agreement will enable Solidion to explore and establish synergies in U.S. based manufacturing, commercialization strategies, and market opportunities related to Silicon (Si) and Silicon Oxide (SiOx) advanced battery solutions. Silicon and Silicon Oxide are now viewed as a more favored solution for battery technology over solid-state technology. "This agreement positions Solidion to capture new market share in the U.S. while showcasing our Silicon-based solutions, which offer improved battery efficiency and energy density compared to conventional solid-state options on a worldwide basis," said Jaymes Winters, CEO of Solidion Technology. For more information, please visit www.solidiontech.com or contact Investor Relations. About Solidion Technology, Inc. Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion's core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems and electric vehicles for ground, air, and sea transportation. Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the "Company," "Solidion," "we," "our" or "us") desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "forecasts" "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.
HONG KONG, Nov. 8, 2024 /PRNewswire/ -- China Telecom Corporation Limited ("China Telecom" or "the Company"; HKEx: 00728; SSE: 601728) was voted as "Most Honored Company" once again in the "2024 Asia Pacific (ex-Japan) Executive Team Rankings" by the internationally renowned financial magazine Institutional Investor. This marks the 14th consecutive year the Company has received this prestigious award. Institutional Investor has consistently recognized outstanding individuals and companies across various industries, with its rankings serving as direct endorsements of the quality and reliability of institutional work by investors and sell-side analysts. The polling in this year covered the entire Asia-Pacific region, excluding Japan, and the results were determined solely by the votes from recognized financial professionals. The 2024 rankings were determined by the votes from 4,943 portfolio managers and buy-side analysts, and 951 sell-side analysts. China Telecom stood out as the "Most Honored Company" out of 1,699 companies that received votes. China Telecom also achieved top-three rankings across various categories in the Telecommunications Sector. In addition to being ranked 1st in "Most Honored Company" of Telecommunications Sector, the Company also took the first place in Best Investor Relations and Best Company Board of Directors. Additionally, the Company ranked 2nd for Overall ESG and 3rd for Best IR Team. The numerous accolades received by the Company in Institutional Investor's "2024 Asia Pacific (ex-Japan) Executive Team Ranking", showcasing the capital market's high recognition for China Telecom's management team's leadership, investor relations, and ESG. In the future, China Telecom will endeavor to continuously improve corporate transparency, facilitate communication with the market and investors, and create sustainable long-term value for shareholders and other stakeholders.
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