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Tiong Seng Silvercare launches first Watermark Lifestyle Centre in Tianjin, focusing on elderly care services as part of China's growing Silver Economy The centre aligns with Singapore's Active Ageing Centre concept, offering health and recreational services to elderly residents This marks Tiong Seng's first foray into senior care in China, with plans for further expansion in Singapore and other Chinese cities China's Silver Economy is projected to reach 7 trillion yuan (S$1.28 trillion) in 2024, presenting substantial growth opportunities SINGAPORE – Media OutReach Newswire - 16 October 2024 – Mainboard-listed construction group and property developer, Tiong Seng Holdings Limited (長成控股) ("Tiong Seng", "the Company", or together with its subsidiaries, "the Group"), is pleased to announce the official opening of its flagship Watermark Tiong Seng Lifestyle Centre in Tianjin, China, through its wholly foreign-owned entity in Tianjin, Tiong Seng Silvercare, as part of the Group's efforts to leverage on robust growth opportunities in China's Silver Economy. The launch was officiated by Minister Desmond Lee, Singapore's Minister for National Development and Minister-in-charge of Social Services Integration, who visited Beijing and Tianjin from 24 to 28 September 2024 for the Singapore-Tianjin Economic and Trade Council ("STETC") meeting. The opening ceremony was attended by distinguished guests, including Chinese representatives, strategic partners, and key officials from the Ministry of National Development ("MND") and Enterprise Singapore ("ESG"). This marks Tiong Seng's first foray into China's Silver Economy, a strategic expansion that capitalises on the Group's expertise in the built environment sector to address accelerating demand for assisted living and care facilities. With this inaugural project in Tianjin, Tiong Seng aims to build up its expertise in senior care and actively explore further opportunities in both China and Singapore. While this initial project focuses on enabling ageing at home with a comprehensive suite of services, the Group is also studying and exploring other models of senior living and care, including the American Continuous Care Retirement Community ("CCRC") and various types of institutional elderly care. Addressing Global Ageing Populations As both Singapore and China grapple with rapidly ageing demographics - elderly populations are expected to grow to 25% by 2030 – the respective governments are actively responding to the needs of their seniors. In 2023, nearly 297 million people in China were aged 601 and above, a number set to exceed 400 million by 20352. In Singapore, national initiatives such as Age Well SG and Healthier SG promote active ageing and create supportive environments for the elderly. Similarly, China has introduced 26 key measures to address the challenges posed by its ageing population, with the Silver Economy recognised as a critical growth sector. Tiong Seng Silvercare's Strategic Expansion Against this backdrop, Tiong Seng Silvercare ("TSSC") was established in 2024 as the Group's vehicle for developing senior-living facilities in China. Project Location：Guangang Forest Park, Binhai New District The Watermark Tiong Seng Lifestyle Centre in Tianjin, a 4,700-square-metre facility, commenced operations on September 25, 2024. Inspired by the concept behind Singapore's Active Ageing Centres, it provides recreational and fitness amenities, nutritious dining choices, access to medical services network and a range of community activities. The Centre is dedicated to fostering an inclusive environment by offering diverse health, wellness, and recreational services, and will host a variety of events and programmes aimed at enhancing the physical, mental, and spiritual well-being of residents. 1 China Unveils Extensive 'Silver Economy' Plan to Adapt to Aging Population 2 Economic Watch: China's silver economy unlocks potential in sync with growing global need for elderly care Complementing the Lifestyle Centre is the upcoming Health and Medical Centre, spanning 2,700 square metres and projected to open in 2026. These facilities will offer a broad range of medical and senior home-care services, while providing comprehensive health management for residents. Among its initiatives, the Health Management Centre will offer routine health monitoring supported by non-medical equipment, including an AI-based health monitoring platform. This AI platform would allow residents to track their health status and receive tailored recommendations for interventions such as exercise, diet, and lifestyle changes. Together, these two facilities will enable TSSC to serve a combined population of over 2,200 residents across two key communities: The Equinox, which includes more than 500 households of terrace houses and bungalows, and Kampung Vibrant@Binhai, which will house over 600 households in senior-friendly apartments upon its full completion in 2026. Notably, 60% of these residents are projected to be 50 years old and above, making TSSC well-positioned to deliver holistic ageing-in-place services to support their health and wellness needs within the scenic Guangang Forest Park in the Binhai New Area. Tiong Seng's foray into China's Silver Economy is bolstered by strategic partnerships, most notably with Watermark China, co-founded by founders of the Watermark Retirement Communities group, a US-based company that manages over 70 senior-living communities across the United States, Hong Kong, and Macau. This collaboration offers Tiong Seng valuable expertise and established models in senior care, enabling the integration of independent living, assisted living, and skilled nursing services into its offerings. Dr John Keung, Chairman of Tiong Seng Contractors Pte Ltd, commented: "This project marks a significant milestone for Tiong Seng as we embark on our journey to tap into burgeoning growth opportunities in China's Silver Economy. With the support of our strategic partners, we are bringing the best international practices to China to create a supportive environment for elderly care. We look forward to leveraging our experience here in Tianjin as a springboard for future expansion, both in China and back home in Singapore. For additional details on Minister Desmond Lee's Opening Remarks, please refer to the Ministry of National Development's website – https://www.mnd.gov.sg/newsroom/speeches/view/opening-remarks-by-minister-desmond-lee-at- soft-opening-of-tiong-seng-silvercare's-watermark-tiong-seng-lifestyle-centre Hashtag: #TiongSeng The issuer is solely responsible for the content of this announcement.About Tiong Seng Holdings Ltd.Established in 1959 and listed on the Mainboard of the Singapore Exchange since 2010, Tiong Seng Holdings Ltd. (SGX: BFI) is principally engaged in three core pillars of business: Building Construction & Civil Engineering, Property Development and Engineering Solutions. Tiong Seng is one of the leading building and civil engineering contractors in Singapore, and holds the highest grading of A1 from the Building and Construction Authority (BCA) for both general building and civil engineering, qualifying the Group to undertake public sector projects with unlimited contract value. For over 60 years, Tiong Seng has built up a comprehensive track record of private and public sector projects of different complexity, uses and sizes. On the property development front, Tiong Seng has successfully developed both residential and commercial projects in various second and third-tier cities in China, including Tianjin, Suzhou and Yangzhou. The Group currently has three ongoing projects in the Bohai Economic Rim, one of the main economic zones in China. More recently, the Group made headway in the Singapore property market with acquisitions of residential landbanks in the prime districts 9 and 10. As a technological frontrunner, Tiong Seng has developed a diverse portfolio of innovative innovations which encompasses Engineering Solutions, the Group's third business segment. This segment provides building solutions as a service and comprises a blend of engineering capabilities such as Prefabricated Prefinished Volumetric Construction ("PPVC"), Pre-cast, Structural Steel, Mass Engineered Timber ("MET") and Tunnel Segment production. With this asset- light business model, the Group is positioned to capture rising industry demand for modern and efficient building solutions. About Watermark ChinaWatermark Retirement Communities ("Watermark US") is a premier developer and operator of senior living communities in the US, managing over 70 communities with more than 12,000 units and ranked among the top 10 US operators. In 2014, Watermark China was established as a Hong Kong-based partnership and now operates under the Watermark brand in Mainland China, Hong Kong, Macau, and Taiwan. With strong ties to Keppel Capital and strategic joint ventures with China Taiping Insurance and China Tourism Group, Watermark China has successfully brought its expertise to the region. In 2024, Watermark China formed a partnership with Tiong Seng to launch the Tiong Seng Binhai senior-friendly project, marking a key milestone in its expansion into China's Silver Economy.
SINGAPORE, Oct. 16, 2024 /PRNewswire/ -- Mintel, the experts in what consumers want and why, has today announced four key trends that will shape the global food and drink industry in the years ahead. In 2025 and beyond, expect to see more focus on blood sugar and hormone health, while food and drink will play an increasing role in mental health management. There will be an increase in diversified ingredient sourcing, while the humanisation of technology will be essential for consumers who are apprehensive about technology being used to create, modify and produce the food they put into their bodies. The Mintel 2025 Food and Drink Trends are: Fundamentally nutritious: The emergence of weight-loss medications like Ozempic will redefine consumer perceptions of 'food as medicine' from being an added functional ingredient, to necessary to meeting daily essential nutrient needs. Rule rebellion: Embrace consumers as 'perfectly imperfect' beings who are hungry for brands that help them 'break the rules' in food and drink. Chain reaction: As disruptions to the food supply become more frequent, the industry will need to encourage consumers to welcome and trust the new origins, ingredients and flavours that will emerge locally and globally. Hybrid harvests: Food and drink companies will need to illustrate how technology and agriculture work together to benefit consumers, farmers and the environment. Looking ahead, Mintel's experts explain how these Trends will play out and how brands can tap into consumer attitudes and behaviours to develop their marketing strategies and innovation pipelines. Fundamentally nutritious "The emergence of GLP-1 weight-loss medications will inspire consumers to reevaluate the relationship between food and medicine. Starting in 2025, brands must streamline their health claims to the critical nutrients they contain. Simplified claims that highlight protein, fibre, vitamins and mineral content will appeal to people who are using weight-loss drugs, as well as the majority of consumers who define their diets based on their individual needs and how food makes them feel. Expect to see an increase in nutrient-dense product innovations to improve short- and long-term health. "Increased adoption of personal data collection will happen at the same time as consumers paying more attention to two metrics that are key to how GLP-1 weight-loss drugs work in the body: blood sugar and hormone health. Rising interest in blood sugar could increase the demand for low-glycemic formulas, as well as blood sugar monitoring beyond just diabetics. For hormone health, brands can support men and women as they navigate hormonal changes brought on by ageing." Rule rebellion "As society increasingly accepts imperfections, food and drink brands can target these 'perfectly imperfect' consumers with innovation that breaks the invisible rules around food and drink consumption. Brands can lean into how consumers want to, or actually, consume food and drink rather than how they feel they 'should'. By supporting these rebellious tendencies, brands can help consumers feel more represented by the outside-the-norm food and drink choices available to them. "In the near future, brands will seek to break down continued social stigmas surrounding lesser-talked-about health issues. For example, currently less-seen on-pack and marketing messaging that directly mentions the role of food and drink in mental health management will become more commonplace. Meanwhile, there is further potential for 'rule-breaking' innovation from food and drink brands that are feeling the pressure to be sustainable, despite knowing that consumers won't necessarily pay more for eco-credentials. Innovative brands can create new norms by developing products with unfamiliar sustainable ingredients that can be marketed on their unique taste." Chain reaction "More frequent climate-related production challenges and geopolitical events are increasing consumers' food bills and awareness of how distant world events can affect their meal plans. In an increasingly volatile world, food and drink brands must clearly communicate how adjustments from local to global sourcing were made to benefit consumers. Cross-industry, multinational collaboration and scalable tech solutions will be required, but they are not without complications. More importantly, consumers will feel the consequences of these challenges personally, and brands must be ready with solutions. "Looking ahead, more ingredients will be sourced from alternative and potentially more reliable growing regions, such as olive oil from Algeria or Peru. Brands can highlight the benefits of diversified sourcing, such as nuanced flavour variations. Many consumers' local-centric identities will be transformed by social media, immigration and travel." Hybrid harvests "A greater use of technology in food and drink production is inevitable to meet current food supply challenges, yet many consumers are not ready to embrace it. Despite this resistance, brands can tap into consumers being open to technological advances that, for example, enhance convenience. They will need to tell consumers how nature and technology complement—or better yet, enhance—each other. "Over the next few years, food and drink brands must prioritise how these technological advancements benefit the consumer first through better taste, greater nutrition or consistent supply—and the environment second. It will be imperative that new technology is humanised, particularly AI. For example, German juice brand Eckes-Granini's marketing video announcing its partnership with Microsoft draws attention to how this technology makes a positive difference in their producers' lives, not just making production more efficient." Download the free report to learn more about Mintel's 2025 Global Food and Drink Trends. Check out Mintel's full 2025 Trends series and contact Mintel's Press Office with questions.
MARii, MIDA and EVAM are co-hosting the EV Conference 2024 KUALA LUMPUR, Malaysia, Oct. 15, 2024 /PRNewswire/ -- Following a successful debut last year, E-Mobility Asia (EMA) is set to return from 12 to 14 November 2024 with a comprehensive showcase of green transport solutions and business opportunities as electric vehicle (EV) demand surges in ASEAN. E-MOBILITY ASIA (EMA) 2024 RETURNS NOV 12 - 14 AS ASEAN DEMAND RISES The three-day event presents riveting insights into the trends and opportunities shaping sustainable mobility in the region in tune with its theme "Electrifying the Future: Transitioning Innovations Towards Mobility" at the Kuala Lumpur Convention Centre. EMA 2024 is co-located with Sustainability Environment Asia (SEA), both organised by Derrisen Sdn Bhd, to advocate greater sustainability and synergy. The two events bring together 100 international exhibitors from six countries and regions and over 12,000 trade visitors are anticipated. EMA will provide a platform for businesses to showcase latest advancements and solutions including battery technology, charging infrastructure, digital mobility providers and automotive OEMs. Delegations from India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan region, Thailand are expected to attend the show and join the Networking Night on the second day. Over 60 speakers will feature in the show's conference programme and technical sessions in partnership with local and international supporting organisations from ASEAN as well as exhibitors. As EMA Strategic Partners and Supporting Agency, Malaysia Automotive, Robotics & IoT Institute (MARii), Malaysian Investment Development Authority (MIDA) and Electric Vehicle Association of Malaysia (EVAM) will organise the EV Conference 2024 on 12 to 13 November. The conference will focus on accelerating EV adoption and growth, evolving charging infrastructure and landscape, advancing sustainability through battery management and futuristic ways and opportunities in ASEAN's EV markets, among others. "As the Strategic Partner for EMA 2024, MARii reaffirms its commitment to advancing technology and promoting sustainable growth in Malaysia's automotive sector. This event marks a key milestone in Malaysia's EV ecosystem, supporting the National Automotive Policy 2020's goal of positioning Malaysia as a top regional hub for assembling Next Generation Vehicles (NxGV), including Electric Vehicles (EVs). With rising EV demand in ASEAN, EMA 2024 is set to attract more international participants, speakers, and buyers, further solidifying Malaysia's role as an ASEAN automotive hub," said Mr. Azrul Reza Aziz, CEO of MARii. "EMA 2024 is a pivotal event fostering growth in Malaysia's EV industry, promoting sustainable mobility and collaboration. By uniting industry leaders, stakeholders, and policymakers, we can advance cleaner, electrified transportation for an eco-friendlier Malaysia," said Dato' Dennis Chuah, President of EVAM. The continued backing of the Asian Federation of Electric Vehicle Associations (AFEVA) and its regional EV associations from Indonesia, Philippines, Singapore and Thailand as Supporting Associations will generate extensive networking and invaluable knowledge exchange on the policies and progress of the industry in the region. The ASEAN market is forecast to reach US$2.7 billion by 2027 from US$500 million in 2021. Sales of EVs in Vietnam, Thailand, Indonesia, Malaysia, Philippines and Singapore grew by four times in 2023 and more than doubled in the January-March quarter this year from the same period last year. Malaysia aims to be an EV hub and has targeted electrification as a key lever of its energy transition roadmap to decarbonise greenhouse gas emissions. Public transport is envisaged to be 60 percent green and EVs to comprise 80 percent of car sales by 2050. "E-mobility is poised for more growth and it will be big in ASEAN because decarbonising is crucial for the governments in the region to meet their climate goals and foster a sustainable future for their own economic growth, transport and quality of life. EMA is excited to play a role in this green transformation eco-system and make an impact along with the many industry organisations which have come forward to support EMA 2024," said Ms. Vicky Tan, Project Director at Derrisen. EMA 2024 is endorsed by the Ministry of Investment, Trade and Industry (MITI) and its agency, Malaysia External Trade Development Corporation (MATRADE), which offers enhanced tax incentives and double tax deductions for export promotion. (For more information, please visit www.matrade.gov.my) Strategic Partners: Malaysia Automotive, Robotics & IoT Institute (MARii) and Electric Vehicle Association of Malaysia (EVAM) Supporting Agencies: Malaysian Technology Development Corporation (MTDC), Malaysian Investment Development Authority (MIDA) International Supporting Associations: Asian Federation of Electric Vehicle Associations (AFEVA), Electric Vehicle Association of the Philippines (EVAP), Electric Vehicle Association of Singapore (EVAS), Electric Vehicle Association of Thailand (EVAT), Indonesian Electric Vehicle Industry Association (PERIKLINDO), Korea Automotive Industry Globalization Foundation (AinGlobal), and Taiwan Automotive Electrical Parts Association (TAEPA) Local Supporting Associations: ESG Association of Malaysia (ESGAM), Malaysia Automotive Recyclers Association (MAARA), Malaysia Automation Technology Association (MATA), Malaysian Electric Vehicle Owners Club (MyEVOC), Small and Medium Enterprises Association (SAMENTA), The Electrical and Electronics Association of Malaysia (TEEAM), and The Selangor and Federal Territory Engineering and Motor Parts Traders Association (EMPTA) For exhibition opportunities and visitor registration, visit https://emobilityasia.com/ Notes to Editors Derrisen is a specialist in delivering impactful trade events and conferences for businesses and industries to create sustainable high performance and growth. We bring you a deeply passionate and experienced team of organisers to deliver leading industry and lifestyle portfolios in Southeast Asia to help our clients achieve their business goals and shared purpose of building positive relationships for long-term success.
SAN JOSE, Calif., Oct. 16, 2024 /PRNewswire/ -- Chenbro (TWSE: 8210), a leading server chassis manufacturer, is making its debut at the globally renowned OCP Summit, a prestigious event in the cloud service and server industry, held from October 15 to 17 in San Jose, California. Under the theme "AI X CHENBRO," Chenbro is showcasing cutting-edge chassis solutions based on the OCP DC-MHS (Data Center Modular Hardware System) and NVIDIA MGX architecture, including the first-time display of NVIDIA MGX 4U liquid-cooled and air-cooled server chassis. Chenbro is also displaying 1U and 2U models supporting GB200 NVL72 and NVL36. Reflecting the theme of this year's OCP Global Summit, "From Innovation to Impact," Chenbro is both demonstrating its innovative product development capabilities and collaborating with customers and partners to present co-developed servers. The exhibition features several AI and cloud server solutions jointly created by Chenbro and its partners, underscoring Chenbro's technical expertise and commitment to prosperous growth within the industry. Chenbro's Debut at OCP Summit Showcases Innovative Server Chassis Solutions Launch of DC-MHS and MGX Products: Aggressively Seizing AI and Cloud Opportunities As AI and HPC continue to thrive, data centers are facing unprecedented demands. The OCP DC-MHS architecture is designed to provide stable and efficient computing across a variety of workloads. Chenbro, in collaboration with Intel, developed the first DC-MHS platform, and has recently expanded its partnership with AMD to apply DC-MHS products in AMD's next-generation platform solutions. Chenbro has introduced several general-purpose computing products based on the DC-MHS architecture and is actively working with numerous brand and SI customers to develop customized products. With the flexible and scalable modular design of DC-MHS, Chenbro has launched server chassis solutions supporting the FLW model with dual-CPU sockets and the DNO model with single-CPU sockets. These solutions also offer high-performance E1.S and E3.S storage modules and highly interoperable modular configurations that meet the needs of cloud service providers and large data center applications. Additionally, in response to the increasing demand for cooling in data centers, Chenbro is actively developing both liquid-cooling and air-cooling chassis solutions. As a partner of NVIDIA, Chenbro is showcasing 1U and 2U compute trays equipped with GB200 motherboards, designed to fit into MGX racks. These products support liquid and air cooling for CSP data centers, as well as E1.S storage modules, making them ideal for high-performance storage applications. For the first time, Chenbro is also unveiling its 4U MGX server chassis, which offers both liquid and air cooling solutions, accommodating up to 16 liquid-cooled or 8 air-cooled PCIe GPU cards. With its highly flexible modular design and diverse service models, Chenbro helps clients innovate and design AI server products to meet the various demands of customers and end-user data centers. Embracing Innovative Technologies to Expand Industry Influence and Foster Win-Win Partnerships Corona Chen, CEO of Chenbro, stated that this year marks Chenbro's debut at the OCP Summit, where she is personally leading the team to participate in this prominent event in the IT industry. Chenbro is actively collaborating with NVIDIA, AMD, and Intel, with the goal of co-creating and developing AI and high-performance computing server products. Chenbro is also considering becoming an OCP member, aiming to share product specifications through open standards and make significant progress with OCP members and global customers in the fields of cloud computing and AI servers. At this year's OCP event, many leading tech companies are showcasing products co-developed with Chenbro, reflecting Chenbro's ongoing efforts to strengthen partnerships with its customers. Chenbro continues to invest in the design and development of next-generation products to meet diverse application needs and build a win-win industry ecosystem. To address the rapidly growing global market demand, Chenbro is actively expanding its overseas operations. The company plans to establish an NCT facility in North America next year to quickly meet the product development needs of U.S. clients. Chenbro is also planning the construction of a new factory in Malaysia to further expand production capacity. This strategic move will enable collaboration with global customers and help seize business opportunities in the AI and cloud server markets.
Launch of SEL2 marks the first phase of operations at the 100+MW campus SINGAPORE, Oct. 16, 2024 /PRNewswire/ -- Digital Edge (Singapore) Holdings Pte. Ltd. ("Digital Edge") has today announced its second data center in the Seoul metropolitan area is Ready-for-Service. The facility, known as SEL2, has been developed in partnership with SK Ecoplant, a leading local developer, and demonstrates Digital Edge's ongoing commitment to bringing industry-leading and scalable digital infrastructure to the South Korean market. Digital Edge SEL2 Data Center, South Korea (Exterior) Originally announced in 2022, SEL2 marks the first phase of Digital Edge's 100+MW campus in Bupyeong-gu, Incheon, which is set to be one of the largest commercial data center projects in South Korea once completed. The company has confirmed the second phase of the development is already in the planning phase and is anticipated to commence construction in 2025. SEL2 has been designed with Digital Edge's next generation architecture to meet fast growing demand from local and international cloud providers. The 36MW facility is AI ready and highly suitable for high power density applications, able to support a cabinet density of up to 130kw when a liquid cooling solution is used. In addition, SEL2 leverages a highly efficient engineering design to minimize water and energy usage, achieving a market leading annualized design Power Usage Effectiveness (PUE) of 1.25, in alignment with the company's ESG goals. Digital Edge has confirmed that it has already secured an anchor tenant for SEL2. The new data center adds to Digital Edge's existing two South Korean facilities in Seoul and Busan, which the company acquired from Sejong Telcom in 2021, and provides a natural extension to customers looking to expand from the company's carrier dense SEL1 data center in Gangnam district. SEL2 is in close proximity to key transport networks, including Seoul's major business districts via the Seoul-Incheon Expressway, providing high accessibility and convenience for both local and international customers. Digital Edge's 100+MW campus in Incheon is ideally positioned to meet robust demand for data center capacity in South Korea, particularly in the Seoul metro where access to land with sufficient power to cater to high power density deployments is limited. The country continues to be an early adopter of digital technologies, ranking sixth globally in digital technology competitiveness last year[1], the nation's highest rank in the category in its history. South Korea's generative AI market is also a key driver of data center demand, with the segment predicted to grow significantly this decade at an estimated CAGR of 46.64% (2024-2030[2]). Samuel Lee, Chief Executive Officer for Digital Edge, commented, "We are proud to partner with SK Ecoplant in the development of SEL2 to bring next generation digital infrastructure to Asia Pacific, and support the rapid rise of cloud and AI applications across South Korea. Seoul remains a key market within the region's data center landscape and we are delighted to be able to continue to support the acceleration of its fast growing digital economy." Andrew Pak, Country Manager for Digital Edge in South Korea, added, "SEL2 further strengthens our presence across the market by bringing large scale, high-power density data center capacity to complement our existing connectivity-focused sites in Seoul and Busan. Crucially, by working alongside our partners at SK Ecoplant who share our ESG commitments, we have been able to build a highly energy efficient facility that meets the performance demands of our customers alongside our environmental objectives." About Digital Edge Headquartered in Singapore, Digital Edge is a trusted and forward-looking data center platform company, established to transform digital infrastructure in Asia. Through building and operating state-of-the-art, energy-efficient data centers rich with connectivity options, Digital Edge aims to bring new colocation and interconnect options to the Asian market, making infrastructure deployment in the region easy, efficient and economical. Digital Edge was founded by a seasoned senior management team with decades of industry experience and an established track record of value creation in the data center, cloud and telecommunications industries in the Asia Pacific region. Backed by leading alternative investment firm Stonepeak, Digital Edge has in excess of US$1 billion in deployed and committed capital, establishing itself as a market-leading pan-Asia data center platform. The company provides data center and fiber services across Asia, with a presence in India, Indonesia, Japan, Korea, China and the Philippines. You can visit the company's website at www.digitaledgedc.com. About SK Ecoplant Co Ltd Since being founded in 1977, SK Ecoplant has leveraged its technological expertise to contribute to the growth and success of numerous industries globally, including the infrastructure, residential, environmental, and renewable energy markets. In May 2021, SK E&C changed its name to SK Ecoplant and expanded its business portfolio by adding environmental and energy solutions to its existing construction business. Today, SK Ecoplant aims to become a leading environmental solutions provider in Asia. The business provides innovative renewable and offshore wind power solutions that contribute to Waste Zero and Net Zero goals, and has secured the largest water and waste treatment capacity in Korean. To support its mission to solve environmental and energy problems worldwide SK Ecoplant continues to look to expand its businesses globally. SK Ecoplant also applies its eco-friendly and innovative energy solutions to the data center industry. In addition to urban hyperscale data centers, it is developing various types of data centers such as large-scale campus data centers and modular type data centers, with the goal of contributing to corporate and social values. [1] World Digital Competitiveness Ranking (2023) [2] Statista – Generative AI South Korea (March 2024)
Partnership highlights: Establishment of the first Lenovo AI-Assisted Learning Center to provide tailored and rapidly generated learning solutions for students with Special Educational Needs (SEN). Lenovo donates nearly HKD 2 million worth of application system solutions and services. Lenovo will form a volunteer team to serve SEN students. HONG KONG SAR - Media OutReach Newswire - 16 October 2024 - Lenovo announces a collaboration with the Bridge Foundation to establish Hong Kong's first Lenovo AI Hub, aimed at providing more SEN students with high-quality, personalized education. Lenovo announces a collaboration with the Bridge Foundation to establish Hong Kong's first Lenovo AI Hub, witnessed by Ms. CHEONG Man Lei, Lillian, JP (second from left), Under Secy for Innovation, Technology and Industry of the Hong Kong SAR Government, Dr. Yan Weizhi (second from right), Level 3 Researcher of the Education and Technology Department of the Liaison Office of the Central People's Government, along with Ms. Serena Cheung (far left), General Manager of Lenovo Hong Kong and Macau, and Mr. Victor Wong (far right), Founder of the Bridge Foundation. The memorandum of cooperation was signed by Mr. Jonathan Cheng (third from left), Head of Strategy and Sales, Lenovo Hong Kong and Macau, and Dr. Bosco Chan (third from right), Director of the Bridge Foundation aimed at providing more SEN students with high-quality, personalized education. The newly established Lenovo AI Hub is equipped with Lenovo AI hardware and hybrid AI technology solutions, including computer vision, natural language processing, and robotic process automation (RPA). This ensures that Bridge Foundation therapists and educators can provide timely, personalized support to the growing number of SEN students, helping them create a brighter future. According to the memorandum signed by both parties, Lenovo is donating nearly HKD 2 million worth of application system solutions and services to the Aoi Pui School. Lenovo will also collaborate with the Bridge Foundation to use AI to build an SEN expert system. This system will leverage the techniques and experiences of therapists while observing and recording data on students' responses, emotions, and environmental changes during therapy sessions, thereby generating more accurate Individualized Education Plans (IEPs). Additionally, AI systems will generate training materials to empower teachers, therapists, classroom assistants, and even social volunteers to provide better services for SEN students. Serena Cheung, General Manager for Hong Kong and Macau, stated: "Lenovo has always been committed to the vision of 'Smarter AI for All.' AI technology is unleashing powerful potential across various industries, and its application in education can significantly enhance learning efficiency and improve the learning experience. It allows SEN students to be better understood and supported by others, while enabling teachers and therapists to assist each student in a more personalized way, optimizing valuable learning time. We are particularly excited about how technology can genuinely help education and communities in need." Victor Wong, Founder of Bridge Foundation, remarked: "The vision of the Bridge Foundation is to provide better services for special educational support. Our collaboration with Lenovo enables us to offer a more comprehensive SEN expert system solution, covering a wider range of therapeutic professionals, including speech and occupational therapists, social workers, and educational psychologists. By establishing an ecosystem to support professionals, we will significantly improve the learning experience for SEN students." The collaboration between Lenovo and the Bridge Foundation has already yielded significant results at Aoi Pui School, increasing training efficiency by 116% and allowing therapists to train more SEN students simultaneously, overcoming the limitations of traditional one-on-one therapy. AI Brings More Efficient Treatment to SEN Students Currently, Applied Behavior Analysis (ABA) therapy is a widely recognized evidence-based method for treating SEN children. At present, there are around 64,200 students with SEN in Hong Kong's public sector ordinary schools[1] while the current number of licensed ABA therapists is still below 100. AI systems provide a new solution, making ABA therapy more precise and effective. The Lenovo AI Hub automates the previously cumbersome and error-prone processes of data collection, recording, and response scoring, generating personalized learning plans for students. This allows ABA therapists to focus more on direct interactions with SEN students. Additionally, by integrating voice, object, and gesture recognition technologies with the environmental and emotional sensors from the Bridge Foundation, therapists can conduct more targeted assessments of students' classroom performance and select follow-up treatment tasks from a vast ABA database. Lenovo not only provides edge servers and AI PCs to support ABA therapy's AI models but also offers the Smart Whiteboard as interactive teaching tools, making the therapy process more focused and engaging, thereby enhancing treatment efficiency and quality. The collaboration between Lenovo and the Bridge Foundation has already yielded significant results at Aoi Pui School, increasing training efficiency by 116% and allowing therapists to train more SEN students simultaneously, overcoming the limitations of traditional one-on-one therapy. In the future, Lenovo will actively collaborate with the Bridge Foundation to replicate this successful model in Southeast Asian markets, promoting inclusive education and providing SEN students with better learning experiences. Actively Contributing to a More Caring Society Lenovo will establish a volunteer team to support this project, encouraging employees and their families, as well as students majoring in early childhood or special education, to participate in this special educational service. The goal is to provide therapy courses for 180 SEN students from disadvantaged communities within a year, totaling over 5,000 hours of learning. Volunteers will receive financial support and training under the remote supervision of experienced ABA therapists to become classroom aides. Keith Wong from the Lenovo volunteer team stated, "The AI teaching and experiences provided by the Lenovo AI Hub enable volunteers to quickly obtain the necessary training, preparing them to help SEN students and provide free support services to more families in need. Participating in volunteer services has made me deeply aware of the power of AI in special education. I look forward to more young people using cutting-edge technologies like AI to engage in volunteer work, giving back to society and contributing to social development and technological innovation." [1] Legislative Council Secretariat on the Professional Support Provided to Ordinary Schools for Implementing Integrated Education (p1) Hashtag: #LenovoThe issuer is solely responsible for the content of this announcement.About LenovoLenovo is a US$57 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub. About Bridge FoundationBridge Foundation, a registered charitable organization in Hong Kong since 2015, under Session 88 of Inland Revenue Ordinance, was established with the mission of providing services to children with special education needs (SEN), including offering free assessments and behavioral therapy sessions, applying various technologies to enhance educational experience of students.
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