Fully Integrated 30-foot Electric Pontoon Platform Designed for Commercial and Recreational Markets Showcases Commitment to Innovation and Sustainability GARLAND, Texas, Dec. 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company's marine division, Massimo Marine, entered into a partnership with Vision Marine Technologies Inc (Nasdaq: VMAR) ("Vision Marine"), a pioneer in electric marine propulsion. This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer complete electric boats directly to consumers, this partnership is expected to be a key step in rapidly delivering high-quality electric marine products to market. As part of the agreement, Massimo Marine will supply pontoon boats to be equipped with Vision Marine's E-Motion™ 180E Powertrain System, a complete turnkey electric powertrain solution. The U.S. pontoon boat market is a growing one, reaching sales of 115,000 units in 2023, a 5% increase over 20221, reflecting robust demand for versatile and family-friendly watercraft. Vision Marine brings extensive expertise to this partnership with years of experience successfully integrating electric propulsion systems into multiple boat designs. This knowledge ensures that the new electric pontoon platform will meet the highest standards of performance, efficiency, and reliability for both recreational and commercial use. "This product is the result of years of requests from nautical bases and operators who have been asking for a reliable, turn-key electric solution," said Alexandre Mongeon, CEO of Vision Marine. "With this partnership, we aim to bridge the gap efficiently, delivering what the industry has long demanded. By combining our world-record-breaking, third party-tested technology with Massimo Marine's manufacturing capabilities, we're creating a solution that we believe is as dependable as it is innovative." Massimo Marine's advanced production facilities in Garland, Texas, is expected to play a pivotal role in delivering these electric pontoons to market efficiently and at scale," added David Shan, CEO of Massimo Group. "We're proud to be partnering with Vision Marine's innovative propulsion solution in bringing truly efficient electric propulsion systems to the commercial and recreational space. This collaboration showcases our shared commitment to innovation and sustainability, providing customers with high-performance electric pontoons through Vision Marine's factory-direct distribution along with our networks." By offering a turn-key product through Vision Marine's direct-to-consumer approach and Massimo Marine's extensive distribution network, Massimo and Vision Marine believe that this partnership will greatly enhance accessibility to electric boating solutions. This collaboration is more than a production partnership— Massimo and Vision Marine believe that it's a leap toward transforming the marine industry. By addressing the growing demand for zero-emission solutions and offering eligibility for grants and incentives at city, state, and federal levels, this electric pontoon platform can position itself as a cornerstone in sustainable marine transportation. 1) https://pontoonboatguy.com/ About Vision Marine Technologies Inc. Vision Marine Technologies Inc. (NASDAQ: VMAR) is a pioneer in electric boating, recognized for its innovative E-Motion™ Electric Marine Powertrain Technology that offers a superior, zero-emission boating experience. With proprietary, turn-key electric solutions, Vision Marine combines cutting-edge technology, high-performance propulsion, and eco-friendly systems. The company has broken multiple electric world speed records, showcasing its commitment to pushing the boundaries of performance. Vision Marine is leading the transformation of the marine industry with unmatched power and efficiency for a cleaner future on the water. For more information, visit visionmarinetechnologies.com. About Massimo Marine Massimo Marine, a subsidiary of Massimo Group (NASDAQ: MAMO), was established in Garland, Texas, in 2020. Massimo Marine manufactures and sells Luxury Pontoon and Tritoon boats. Massimo Marine is dedicated to innovative design, quality craftsmanship, and great customer services. Massimo Marine is changing the game in the pontoon, and tritoon world when it comes to innovation and features, all of which have helped make Massimo Marine a growing player in the industry. Every year, Massimo Marine introduces new features, designs, and standard options for its boats that it believes sets it apart, while always ensuring it offers its customers pricing advantages that will allow them to have the best boating experience possible. About Massimo Group Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Founded in 2020, Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo Group is also developing electric versions of UTVs, golf-carts and pontoon boats. The company's 376,000 square foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com. Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, market positions, business plans and future financial results; and any other statements that are not historical facts. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Annual Report on Form 10-K for the year ended December 31, 2023, as updated by Massimo's subsequent filings, with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. Contact Information Vision Marine Technologies Inc.Bruce Nurse303-919-2913bn@v-mti.com Massimo GroupDr. Yunhao ChenChief Financial OfficerMassimo Groupir@massimomotor.com Massimo Group Investor Relations Chris Tyson Executive Vice President MZ North AmericaDirect: 949-491-8235MAMO@mzgroup.us
PALO ALTO, Calif., Dec. 2, 2024 /PRNewswire/ -- Hesai (Nasdaq: HSAI), the global leader in lidar technology for robotics and industrial applications, autonomous driving, and ADAS, announced today that it will be exhibiting at Consumer Electronics Show (CES) 2025 in Las Vegas from January 7-10 (LVCC West Hall #6824). As of Q3 2024, Hesai has delivered over 600,000 units cumulatively to customers worldwide and continues to expand its lidar model offerings for automotive, robotic and industrial applications. Hesai will premiere its newest model, a mini high-performance 3D lidar, during a press conference at CES on January 7 at 11:00 a.m. The presentation will provide detailed insights and live demonstrations showcasing the capabilities of the new lidar in robotic and industrial applications. The new lidar combines high resolution and low power consumption in a compact, lightweight design. No larger than a billiard ball, it also offers extremely simple integration, making it ideal for machines where space is a premium, including AGVs and AMRs, delivery robots, autonomous lawnmowers, agricultural machinery and stationary applications. "We continuously strive to push the boundaries with our product developments, and our new mini 3D lidar model exemplifies that approach," says David Li, CEO of Hesai. "It's a very valuable addition to our portfolio and we look forward to demonstrating its powerful capabilities, alongside our advanced automotive and autonomous mobility lidar models, at CES in January." Celebrating its 10th anniversary, Hesai has established a strong presence globally, serving customers located in over 40 countries. With an operational footprint in Europe, the US and Asia, and more than 1,700 patents deployed, the company will continue to invest in its resources and technical developments, leveraging advanced technology to shape the future of mobility.
New strategic partnership to integrate BBTruck's globally pioneering supply chain and logistics technology platform with Haulio's container haulage platform TAIPEI, Dec. 2, 2024 /PRNewswire/ -- BBTruck, a global leader in supply chain and logistics technology, has announced a strategic partnership with Haulio, Singapore's largest and fastest-growing logistics tech startup in Southeast Asia. This collaboration aims to strengthen the region's logistics ecosystem by integrating BBTruck's supply chain platform with Haulio's container haulage services, enhancing logistics efficiency across both long- and short-haul routes. BBTruck and Haulio Partner to Deliver Seamless, End-to-End Supply Chain Logistics from Sea to Shore BBTruck provides a one-stop B2B supply chain logistics technology platform, enabling precise capacity calculations and resource allocation, optimizing logistics management. Haulio, Singapore's largest B2B truck transportation digital platform, focuses on matching port container transport for port operators, trucking companies, and customers. Haulio currently collaborates with about 90% of Singapore's container logistics companies. By integrating with Haulio's platform, BBTruck will automate fleet assignments upon container arrival, minimizing empty trips and delivering enhanced supply chain logistics management. This partnership also marks BBTruck's expansion into Southeast Asia, opening new market opportunities for its customers. BBTruck and Haulio Deliver Seamless Transport From Sea to Shore, Enhancing Global Logistics and Supply Chain Efficiency International maritime shipping plays a critical role in global trade, accounting for about 85% of global commerce, with an annual compound growth rate of over 5%. As Southeast Asia emerges as a key logistics hub, the demand for streamlined supply chains is increasing. A Forbes Insights report highlights that two-thirds of logistics companies see "technological innovation" as key to productivity and performance. "As international maritime shipping continues to thrive, container throughput at ports will inevitably increase. We are very optimistic about the global growth potential of major commercial ports in Southeast Asia," said Steven Chou, CEO and co-founder of BBTruck. "The majority of traditional logistics companies worldwide still rely too heavily on communicating with ports with paper and phones, manually arranging transport and routes, and keeping manual records after containers successfully reach port. We are happy to partner with Haulio to help traditional logistics providers address the long-standing pain points of fragmented and hard-to-integrate information, thereby enhancing global companies' international trade competitiveness and supply chain management flexibility." BBTruck Integrates Haulio's Container Haulage Platform To Optimize Both Long and Short Supply Chain Logistics Journeys BBTruck creates a transparent supply chain logistics management platform for businesses and logistics providers, integrating key data on various truck sizes, equipment, real-time orders, carrying capacity, and addresses to significantly reduce logistics costs and delivery times. Through the integration of Haulio's "Haulio Connectivity System," which matches port container transport, BBTruck will deepen its presence in existing markets including Taiwan and North America while officially expanding into the Southeast Asia market for maritime container logistics services, building a comprehensive world-class logistics ecosystem. With Haulio's technology enhancing international shipping container data integration, fleet management, and matching, BBTruck's global customers will be able to match available trucks for container transport as soon as containers arrive at the delivery port, using BBTruck's supply chain and logistics technology platform. From port to final destination, BBTruck will offer a convenient API integration interface and comprehensive data exchange framework, enabling full monitoring of capacity data and tracking of shipment status and routes, providing businesses with a seamless, more efficient logistics journey that covers both sea and land transportation. "The logistics industry is at the heart of global trade and key supply chains, and the role of the Southeast Asian market is becoming increasingly important, said Alvin Ea, Co-Founder and CEO of Haulio. "Haulio has long focused on the Singapore and Southeast Asian markets, and through our automated container haulage platform, traditional container transport companies can improve their transport efficiency. BBTruck's vision of revolutionizing supply chain logistics through technology aligns perfectly with our core values. This strategic partnership marks a new milestone in realizing seamless connectivity between ocean and land transport. We believe this will lead more global supply chain and logistics companies toward successful digital transformation." Through this strategic partnership, BBTruck will accelerate its expansion into Southeast Asian markets, including Singapore, Indonesia, Malaysia, Thailand, and Vietnam. Building on Haulio's years of market presence and operational capacity in Southeast Asia, BBTruck will establish local transport fleets and partner ecosystems, providing global customers with more efficient and transparent logistics services. BBTruck aims to revolutionize supply chain logistics in Southeast Asia, balancing flexibility and efficiency in every delivery. About BBTruck Founded in 2019, BBTruck is a pioneering one-stop platform for supply chain and logistics technology. Our mission is to build a transparent, shared global logistics ecosystem that simplifies supply chain management. As a leader in logistics technology, BBTruck uses cutting-edge solutions for precise capacity calculation and allocation, ensuring efficient, flexible, and sustainable logistics. Since launch, BBTruck has served over 50 top-tier enterprises in technology, healthcare, international logistics, and retail. BBTruck is also the first to achieve carbon-neutral transportation, driving the green logistics revolution and advancing toward a zero-carbon future. For more information, visit BBTruck's official website: https://bbtruck.cc/index_en.html About Haulio Haulio is Singapore's fastest-growing container haulage platform, with the greater vision of connecting global trade to local first-mile transportation across ASEAN. The company believes in uplifting the industry by empowering its ecosystem of users with its technology. Through the optimisation of resources, Haulio aims to revolutionize international freight logistics towards a collaborative and sustainable future. For more information, visit www.haulio.io.
- Australia business to be acquired by Pacific Equity Partners for A$775.9 million in cash - Gain on disposal of approximately S$312.1 million - Crystallises and unlocks value for shareholders SINGAPORE, Dec. 2, 2024 /PRNewswire/ -- Singapore Post Limited ("SingPost") today announced that it has entered into a sale and purchase agreement with Pacific Equity Partners ("PEP") for the sale of its Australia business, Freight Management Holdings Pty Ltd ("FMH"). PEP shall acquire the Australia business at an enterprise value of A$1.02 billion (approximately S$897.6 million), which translates into A$775.9 million (approximately S$682.8[1] million) in cash and generates an expected gain on disposal of approximately S$312.1 million, subject to adjustments determined at the time of Completion and any other further adjustments. "The Board believes this divestment is the best option for shareholders by crystallising the unrealised value of the business and bringing forward unlocking value for shareholders," said Simon Israel, Chairman, SingPost. Pacific Equity Partners Managing Director, David Brown said, "We are thrilled to welcome FMH Group to our portfolio. FMH Group has a stellar track record of growth, a passionate team and a clear and compelling trajectory. We look forward to supporting them to build on their success and facilitate further opportunities." SingPost intends to utilise some of the proceeds to repay borrowings, in particular, its Australian Dollar-denominated debt amounting to A$ 362.1 million (approximately S$320.8 million) - as at 30 September 2024 - undertaken for the financing of the acquisition of FMH. The total Australian Dollar-denominated debt of the SingPost Group (including borrowings undertaken by FMH) amounted to A$614.8 million (approximately S$544.9 million) as at 30 September 2024. The SingPost Board will consider in due course, the payment of a special dividend after taking into account, amongst other things, the repayment of the Australian Dollar-denominated borrowing and future funding needs of the SingPost Group. Further announcements on such a proposed special dividend will be made at an appropriate time. In July 2023, the Board initiated a strategic review of the SingPost Group's portfolio of businesses, with a view to enhancing shareholder returns and ensuring that SingPost is appropriately valued. In March 2024[2], the Board outlined its strategic intentions for the businesses and in line with this, initiated a strategic review specifically for the Australia business[3] to formulate optionalities for the Group. Merrill Lynch Markets Australia Pty Limited ("BofA") was appointed as financial advisor to the Board. In the course of the strategic review, SingPost received unsolicited interest in the acquisition of FMH, leading to an international competitive bid process conducted by BofA. After evaluating various options, including full and partial divestments, organic and inorganic growth strategies, the Board determined that a full divestment was the best option and a first step towards bringing forward and unlocking value for shareholders. "Once the transaction is complete, the Board and Management will review and reset the Group's strategic plan, with a continued focus on shareholder value. We will make an announcement about this at the appropriate time," said Vincent Phang, Group CEO, SingPost. The proposed divestment is subject to regulatory approvals such as approvals from the Foreign Investment Review Board of Australia, and SingPost obtaining the requisite approval from shareholders in an extraordinary general meeting of SingPost to be convened. For the full details, please refer to the SGX Announcement dated 2 December 2024 on "Proposed Sale of SingPost Australia Investments Pty. Ltd." About Singapore Post Limited Singapore Post Limited (SingPost) is a leading postal and eCommerce logistics provider in Asia Pacific. The portfolio of businesses spans from national and international postal services to warehousing and fulfillment, international freight forwarding and last mile delivery, serving customers in more than 220 global destinations. Headquartered in Singapore, SingPost has over 4,900 employees, with offices in 13 markets worldwide. Since its inception in 1858, the Group has evolved and innovated to bring about best-in-class integrated logistics solutions and services, making every delivery count for people and planet. About FMH Group FMH Group is a diversified logistics holding company with divisions across 4PL, warehousing, transportation and technology. Its vision is to create a new logistics ecosystem, where people and physical assets are connected through a ubiquitous technology platform, enabling true supply chain efficiency. FMH Group comprises: Australia's leading 4PL, efm Logistics; logistics technology company, Flip; transportation providers, Border Express, BagTrans, Spectrum Logistics, CouriersPlease and Logistics Holdings Australia, under which is GKR Transport, Niche Logistics and Formby Logistics. www.fmhgroup.com.au About Pacific Equity Partners Pacific Equity Partners (PEP) is one of Australasia's oldest, largest and most active private equity firms, currently with A$12 billion AUM across various investment strategies. Since 1998, PEP has made more than 200 acquisitions, has engaged close to A$50 billion of transactions, including both acquisitions and exits, and has delivered a 28% average Net IRR p.a. across the closed end funds. PEP has been the recipient of various industry awards over the past 26 years, including most recently the 2024 Firm of the Year Award from the Australian Investment Council (AIC). [1] Based on an indicative exchange rate of A$1: S$0.88 (solely for illustrative purposes).[2] Please refer to the announcement ""SingPost Strategic Review Unveils Pathways to Growth and Unlocking Shareholder Value" dated 19 March 2024.[3] Please refer to the announcement "General Announcement: Strategic Review Of Australia Business To Formulate Optionalities" dated 21 June 2024.
HANGZHOU, China, Dec. 1, 2024 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("ZEEKR" or the "Company") (NYSE: ZK), a global premium electric mobility technology company, today announced its delivery results for November 2024. ZEEKR delivered 27,011 vehicles in November 2024, a 106% year-over-year increase. Year-to-date, ZEEKR has delivered 194,933 vehicles in 2024, representing 85% growth over the same period last year. As of the end of November 2024, ZEEKR's cumulative deliveries reached 391,566. About ZEEKR ZEEKR (NYSE: ZK) is a global premium electric mobility technology brand from Geely Holding Group. ZEEKR aims to create a fully integrated user ecosystem with innovation as a standard. ZEEKR utilizes Sustainable Experience Architecture (SEA) and develops its own battery technologies, battery management systems, electric motor technologies, and electric vehicle supply chains. ZEEKR's value is equality, diversity, and sustainability. Its ambition is to become a true mobility solution provider. ZEEKR operates its R&D centers and design studios in Ningbo, Hangzhou, Gothenburg, and Shanghai and boasts state-of-the-art facilities and world-class expertise. Since ZEEKR began delivering vehicles in October 2021, the brand has developed a diversified product portfolio that primarily includes the ZEEKR 001, a luxury shooting brake; the ZEEKR 001 FR, a hyper-performing electric shooting brake; the ZEEKR 009, a pure electric luxury MPV; the ZEEKR 009 Grand, a four-seat ultra-luxury flagship MPV; the ZEEKR X, a compact SUV; the ZEEKR 7X, a premium electric five-seater SUV; the ZEEKR MIX; and an upscale sedan model. ZEEKR has announced plans to sell vehicles in global markets, and has an ambitious roll-out plan over the next 5 years to satisfy the rapidly expanding global EV demand. For more information, please visit https://ir.zeekrlife.com/. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "future," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law. Investor Relations Contact In China: ZEEKR Intelligent Technology Holding LimitedInvestor RelationsE-mail: ir@zeekrlife.com Piacente Financial CommunicationsTel: +86-10-6508-0677E-mail: zeekr@thepiacentegroup.com In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: zeekr@thepiacentegroup.com
BEIJING, Nov. 30, 2024 /PRNewswire/ -- This is a report from China.org.cn:  Have you ever imagined what the future of transportation might look like? Here at the 2nd China Intl Supply Chain Expo, green technology meets smart transportation, revealing a future where driving is cleaner, simpler, and more efficient than ever. Let's check it out with Vivi! Have you ever imagined what the future of transportation might look like? Here at the 2nd China Intl Supply Chain Expo, green technology meets smart transportation, revealing a future where driving is cleaner, simpler, and more efficient than ever. Let's check it out with Vivi! Exploring Future Travel at the 2nd China Intl Supply Chain Expohttp://www.china.com.cn/2024-11/27/content_117572386.shtml
A12 藝術空間
Transportation/Trucking/Railroad
亞馬遜
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