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As a reminder, Aquarius' innovative systems generate and supply clean electricity, designed to enable ultra-fast charging for electric vehicles in the rapidly growing EV market. Aquarius' systems are smaller and more efficient than existing market solutions and do not depend on the power grid. According to Gal Fridman, CEO of Aquarius: "This report unequivocally proves that Aquarius has the right solution at the right time in terms of structure, efficiency, and quality. Aquarius continues to lead the revolution in innovative engines and solidify its position in the technology market. With groundbreaking performance, operational flexibility, and a significant competitive advantage, the company anticipates growing interest in AQ engines from various industries." TEL AVIV, Israel, Feb. 14, 2025 /PRNewswire/ -- Aquarius Engines (TASE: AQUA) is pleased to announce that it has received a performance assessment report for the AQ 150 engine, conducted by BTD (Breuer Technical Development), an independent third-party expert. The report, based on technological validation testing at an external engineering service company, confirms that the Aquarius Engine offers substantial advantages in size, weight, efficiency, and multi-fuel capability. In the picture: Gal Friedman, CEO and founder of Aquarius Engines, together with the engine developed by the company. Key Findings: The company has begun producing the first units of the Aquarius engine, the AQ dr engine, the first of its kind in the world. The engine concept is modular. From the 6-cylinder engine, derivatives such as a single cylinder or 3 cylinders can be built. The engine has been tested running on LPG in a single-cylinder configuration, with measurements used for simulations across other models. With minimal modifications, the engine is expected to operate on hydrogen and CNG as well. In a six-cylinder configuration, at 3,000 RPM, the engine is projected to achieve an efficiency of 40%. The Aquarius Engine is remarkably lightweight and compact compared to similar engines from leading global manufacturers. When compared to the four leading engine manufacturers worldwide, the Aquarius Engine demonstrates 25% greater efficiency than the best-performing engine on the market. BTD confirms that Aquarius holds unique and essential innovations that fill significant gaps in the market. It is important to note that the forecasts regarding engine performance and commercial implementation are based on current data but are subject to external factors beyond the company's control and may change. The company will continue to update on developments. Contact: odedm@aquariusengines.com
As a reminder, Aquarius' innovative systems generate and supply clean electricity, designed to enable ultra-fast charging for electric vehicles in the rapidly growing EV market. Aquarius' systems are smaller and more efficient than existing market solutions and do not depend on the power grid. According to Gal Fridman, CEO of Aquarius: "This report unequivocally proves that Aquarius has the right solution at the right time in terms of structure, efficiency, and quality. Aquarius continues to lead the revolution in innovative engines and solidify its position in the technology market. With groundbreaking performance, operational flexibility, and a significant competitive advantage, the company anticipates growing interest in AQ engines from various industries." TEL AVIV, Israel, Feb. 14, 2025 /PRNewswire/ -- Aquarius Engines (TASE: AQUA) is pleased to announce that it has received a performance assessment report for the AQ 150 engine, conducted by BTD (Breuer Technical Development), an independent third-party expert. The report, based on technological validation testing at an external engineering service company, confirms that the Aquarius Engine offers substantial advantages in size, weight, efficiency, and multi-fuel capability. In the picture: Gal Friedman, CEO and founder of Aquarius Engines, together with the engine developed by the company. Key Findings: The company has begun producing the first units of the Aquarius engine, the AQ dr engine, the first of its kind in the world. The engine concept is modular. From the 6-cylinder engine, derivatives such as a single cylinder or 3 cylinders can be built. The engine has been tested running on LPG in a single-cylinder configuration, with measurements used for simulations across other models. With minimal modifications, the engine is expected to operate on hydrogen and CNG as well. In a six-cylinder configuration, at 3,000 RPM, the engine is projected to achieve an efficiency of 40%. The Aquarius Engine is remarkably lightweight and compact compared to similar engines from leading global manufacturers. When compared to the four leading engine manufacturers worldwide, the Aquarius Engine demonstrates 25% greater efficiency than the best-performing engine on the market. BTD confirms that Aquarius holds unique and essential innovations that fill significant gaps in the market. It is important to note that the forecasts regarding engine performance and commercial implementation are based on current data but are subject to external factors beyond the company's control and may change. The company will continue to update on developments. Photo: https://mma.prnasia.com/media2/2619761/Aquarius_Engines.jpg?p=medium600 Contact: odedm@aquariusengines.com
NEW YORK, Feb. 13, 2025 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or the "Company") (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced the significant expansion of its strategic partnership with one of the world's foremost electric vehicle manufacturers. The collaboration has experienced remarkable growth, demonstrating SunCar's expanding influence in China's evolving automotive services sector. The partnership began in early 2024 and has shown exceptional momentum in automotive insurance brokerage services. Premium volume surged from an initial $400,000 in January 2024 to approximately $40 million by year-end, marking a hundredfold increase across 48 Chinese cities. With over 2 million of our partner's electric vehicles currently on the road in China, our newly developed e-insurance system is tailored to streamline the insurance renewal process, ensuring seamless coverage for this growing market. This rapid scaling demonstrates both the strong market demand and the effectiveness of SunCar's service delivery model. Looking ahead to 2025, SunCar will extend its geographical footprint while deepening its technology integration. A key development includes incorporating SunCar's specialized automotive services directly into the EV manufacturer's owner platform, creating a seamless experience for millions of vehicle owners. This integration represents a significant step forward in digital automotive service delivery. The Company's AI-powered infrastructure has been instrumental in optimizing service delivery and resource allocation. SunCar's advanced insurance renewal system now serves over 2 million owners of our partner's electric vehicles, showcasing the Company's technological capabilities and market reach. This digital transformation sets new standards for efficiency and customer service in the automotive sector. "As artificial intelligence reshapes the automotive industry, SunCar continues to pioneer innovative solutions that address the evolving needs of vehicle owners," said Ye Zaichang, Chairman and CEO of SunCar Technology Group Inc. "Our expanding partnership with this leading EV manufacturer strengthens our position in China's rapidly growing electric vehicle market while demonstrating our commitment to technology-driven service excellence." About SunCar Technology Group Inc. Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company's intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com. Forward-Looking Statements This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission. Contact Information: SunCar:Investor Relations: Ms. Hui JiangEmail: IR@suncartech.comLegal: Ms. Li ChenEmail: chenli@suncartech.com U.S. Investor RelationsMatthew Abenante, IRCPresidentStrategic Investor Relations, LLCTel: 347-947-2093Email: matthew@strategic-ir.com
FORNEBU, Norway, Feb. 13, 2025 /PRNewswire/ -- Aker Carbon Capture ASA (ACC), an Aker Horizons portfolio company, today announced that the Board of Directors of ACC has proposed an extraordinary cash dividend of NOK 3.5 billion, of which Aker Horizons is expected to receive approximately NOK 1.5 billion based on its 43.27% ownership in ACC. In June 2024, ACC and SLB announced the completion of a transaction combining their carbon capture businesses in a joint venture (JV), since renamed SLB Capturi. ACC retains a 20% ownership stake in the JV and SLB holds the remaining 80%. ACC booked a gain on the sale of NOK 4.9 billion in its consolidated accounts. Going forward, ACC will, through its ownership in SLB Capturi, continue to support the development of the carbon capture business of SLB Capturi. The cash position remaining in ACC following the proposed dividend distribution will enable ACC to retain a sufficiently robust balance sheet to fulfill its role and responsibilities as a minority owner of SLB Capturi, and will back ACC's remaining pro-rata guarantee exposure for projects awarded prior to the formation of the JV. ACC's proposed cash dividend is among other things subject to approval by an extraordinary general meeting in ACC, expected to be held on or about 7 March 2025. Please refer to ACC's announcement for more details. For further information, please contact: Jonas Gamre, Investor Relations, Tel: +47 97 11 82 92jonas.gamre@akerhorizons.com Mats Ektvedt, Media, Tel: +47 41 42 33 28mats.ektvedt@corpcom.no About Aker Horizons: Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com About Aker Carbon Capture: Aker Carbon Capture ASA was established as a separate entity in 2020, building on more than 20 years long experience and maturation of the carbon capture technology within Aker. Following an agreement with SLB, a joint venture between SLB and Aker Carbon Capture was established This information was brought to you by Cision http://news.cision.com https://news.cision.com/aker-horizons/r/aker-carbon-capture-proposes-a-cash-dividend-of-nok-3-5-billion,c4104692
Expands portfolio with seven new energy-efficient and high-performing Massive MIMO and Remote radios, Indoor 5G solutions, and new open fronthaul products called RAN Connect The innovations will reduce energy consumption by up to 30 percent, lower operational costs, and cut embodied carbon footprint by up to 50 percent, supporting more efficient network deployments. The company is on track to offer 130 radio products supporting open and programmable networks during 2025, ensuring flexibility, scalability, and future-proof network evolution. STOCKHOLM, Feb. 12, 2025 /PRNewswire/ -- As telecoms industry engagement with high-performing programmable networks ramps up globally, Ericsson (NASDAQ: ERIC) is meeting related future needs through a significant product portfolio boost. Ahead of Mobile World Congress (MWC) 2025 in Barcelona, the company is introducing innovative new radios, antennas, and open fronthaul solutions called RAN Connect designed to empower communications service providers (CSPs). With its enhanced portfolio, Ericsson is set to offer 130 radio products supporting open and programmable networks during 2025, outpacing the competition. These products will make up more than two thirds of the company's deliveries this year, providing CSPs with the programmability and future-proof network evolution necessary to stay ahead in the industry. Programmability leverages Ericsson's many-core architecture and extensive sleep modes within Ericsson Silicon to implement intents such as energy savings without compromising customer experience. The portfolio enhancements are led by the flagship product, AIR 3266, a wide-band TDD (Time Division Duplexing) Massive MIMO (Multiple Input, Multiple Output) radio with 400W output power in an ultra-slim design. AIR 3266 boosts spectral efficiency and uplink performance, while reducing energy consumption by up to 30 percent and embodied carbon footprint by up to 50 percent. It is powered by the latest Ericsson Silicon and features 32-branch transceivers. Ericsson is also introducing RAN Connect, a set of transformative, open fronthaul solutions that maximize scalability and efficiency. They allow CSPs to aggregate radio traffic, unlocking the full potential of modern RAN Compute capabilities, and reinforces Ericsson's leadership in next-generation RAN evolution. Key products include RAN Connect 6381, an all-outdoor solution supporting 600Gbps capacity with high scalability and efficiency; RAN Connect 6682, a high capacity fronthaul solution with up to 1.2 terabits per second (Tbps) throughput, ideal for large-scale deployments; and RAN Connect 6681, a versatile 600Gbps indoor option optimized for a wide range of interface configurations. Mårten Lerner, Head of Product Area Networks at Ericsson, says: "With 5G expected to carry 80 percent of total mobile data traffic by the end of 2030, we see an industry need for 5G equipment that strikes the perfect balance between superior performance, best-in-class TCO, and unmatched sustainability. The ultra-light radios simplify deployment, and the interleaved antennas optimize site usage by integrating multiple M-MIMO frequency bands." "With cutting-edge hardware designs, we are reducing costs and maximizing efficiency for our customers as they evolve their architectures to deliver high-performing programmable networks that cover all connectivity needs," Lerner adds. "Sustainability is also central to every solution, leveraging energy-efficient designs, recyclable materials, and passive cooling to meet Net Zero targets. These advancements embody the artistry of network evolution." Next-generation radios The portfolio is further enhanced with more radios, including: AIR 3285: a dual-band FDD Massive MIMO radio that offers up to four times higher uplink capacity than traditional 4 transceiver solutions. Field measurement also shows that FDD M-MIMO supports offloading of TDD mid-band and FDD low-band, enhancing overall network performance. Weighing only 30kg, this radio is the lightest in its class, resulting in easier and less time-consuming installation. It reduces energy consumption by 30 percent and has a 40 percent smaller embodied carbon footprint. AIR 6494 and AIR 3265: AIR 6494 is a next-gen wideband TDD Massive MIMO radio with 64-branch wideband transceivers and 480W output power. It cuts energy use by up to 30 percent. The next-gen AIR 3265 is an ultra-light, ultra-slim 32-branch radio that offers high EIRP (Effective Isotropic Radiated Power), 25 percent energy savings, and 30 percent reduced embodied carbon. Both radios are powered by Ericsson Silicon. Radio 4451HP and Radio 4491: Advanced FDD radios that set new standards for performance, efficiency, and sustainability. Radio 4451HP is compact and wideband, reducing size, weight, and energy use by 20 percent, and cutting embodied carbon by 25 percent compared to its predecessor. Radio 4491 delivers 720W output power in a lightweight 30kg design, using 20 percent less energy and 40 percent less embodied carbon. Ericsson is also introducing the following next-generation innovations: Indoor Fusion Unit 8828: Enables gigabit speeds indoor 5G in one compact hardware solution for small and medium-size enterprises. The enhanced 8828 supports multiple operators, and offers double the coverage, extending up to 8,000 square meters (80,000 square feet), and can connect up to eight Radio Dots. Interleaved Antenna 8001 and 8002: Combines low-band FDD with Massive MIMO TDD and FDD in a single antenna footprint for easy installation and reduced site rental costs, with upgradable interleaved passive antenna technology, full transparency, and modularity. New Antenna System portfolio: Precisely engineered antennas to empower high-performing, energy-efficient networks. The new antennas enable superior coverage, 15 percent higher uplink throughput, and up to 29 percent reduced radio output power. The flagship Antenna 4818 achieves superior energy efficiency with electrical and beam efficiencies of up to 85 percent, combined with exceptional passive intermodulation (PIM) performance, enabling optimized FDD mid-band utilization, improved carrier aggregation, higher modulation and MIMO scheme use. It supports simplified and sustainable deployment thanks to best-in-class wind load, 37 percent lighter weight and 42 percent reduced embodied carbon footprint. Power D620: This programmable Smart DC (Direct Current) distribution system enables efficient remote management of DC power, significantly minimizing the need for on-site interventions. Its dynamic energy slicing capability prioritizes critical services, ensuring extended uptime during critical network events. Also, the zero-watt sleep feature eliminates energy usage during radio sleep intervals, optimizing overall RAN energy efficiency. Mark Düsener, Chief Technology & Information Officer, Swisscom, says: "If we focus on delivering the right performance when needed and scaling it back when it is not, we can lower our total cost of ownership and strike the right balance. Thanks to Ericsson's innovative products, we can optimize efficiency while meeting evolving demands. New use cases and devices will drive up energy consumption, making the infrastructure we build more important than ever." Salim Kouidri, SVP Access Network Technology, T-Mobile, says: "Ericsson's latest line-up of radios, antennas and RAN Connect provides scalable platforms for enhanced network capabilities. As 5G Advanced becomes more integrated, these advancements will elevate the business and customer experience with a more responsive network built around enhanced services like network slicing, 6-carrier aggregation and L4S." Joe Madden, Founder and Chief Analyst, Mobile Experts, says: "Ericsson's advancements in Silicon within an open, programmable network architecture is a tremendous step forward in efficiency and flexibility for the network. Keeping up with the yearly cadence of high-performance radios is not easy, but Ericsson has invested heavily to stay ahead of the innovation curve." Watch the related videoFind out more about the new products NOTES TO EDITORS: FOLLOW US:Subscribe to Ericsson press releases hereSubscribe to Ericsson blog posts herehttps://twitter.com/ericssonhttps://www.facebook.com/ericssonhttps://www.linkedin.com/company/ericsson MORE INFORMATION AT:Ericsson Newsroommedia.relations@ericsson.com (+46 10 719 69 92)investor.relations@ericsson.com (+46 10 719 00 00) ABOUT ERICSSON: Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com This information was brought to you by Cision http://news.cision.com. https://news.cision.com/ericsson/r/ericsson-unveils-new-wave-of-radio--antenna--and-ran-connect-products-to-advance-high-performing-pro,c4104124 The following files are available for download: https://mb.cision.com/Main/15448/4104124/3259636.pdf PDF: Ericsson unveils new wave of radio, antenna, and RAN Connect products to advance high-performing programmable networks https://news.cision.com/ericsson/i/mwc-radio-launch-image-12-feb-2025,c3376582 MWC Radio launch image 12 Feb 2025
LISHUI, China, Feb. 11, 2025 /PRNewswire/ -- Tantech Holdings Ltd (NASDAQ: TANH) ("Tantech" or the "Company"), announced today that the Company's Board of Directors approved on January 21, 2025 to effect a share consolidation of the Company's common shares at the ratio of one-for-forty with the marketplace effective date of February 13, 2025. The objective of the share consolidation is to enable the Company to regain compliance with NASDAQ ("Nasdaq") Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq. Beginning with the opening of trading on February 13, 2025, the Company's common shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "TANH" but under a new CUSIP Number, G8675X156. As a result of the share consolidation, each forty common shares outstanding will automatically combine and convert to one issued and outstanding common share without any action on the part of the shareholders. No fractional common shares will be issued to any shareholders in connection with the share consolidation, and such fractional shares will be redeemed by the Company. The share consolidation will reduce the number of common shares issued and outstanding from 47,556,466 to approximately 1,188,911 (subject to the redemption of the fractional shares at the closing price of the common shares on February 13, 2025). The number of common shares that the Company is authorized to issue will be unlimited and remain unchanged. 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
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