Global Authority DNV Validates Top-Tier Safety and Performance Standards Second Major Certification Following Korean Register Approval Last Year Company Positioned to Advance Zero-Carbon Maritime Propulsion Technology SEOUL, South Korea, March 13, 2025 /PRNewswire/ -- Hanwha Aerospace announces that it has received Approval in Principle (AIP) certification from DNV for its 200kW hydrogen fuel cell system designed for maritime applications, marking a significant milestone in the company's official entry into the eco-friendly zero-carbon vessel market. This achievement follows the company's development of the world's first liquid-cooled Energy Storage System (ESS) late last year, securing consecutive world-class zero-carbon power solutions. The certification ceremony took place on the 12th at Hanwha Aerospace's R&D Center in Pangyo, with Executive Director Dong-jo Oh of Hanwha Aerospace and Vice President Sung-ho Shin of DNV in attendance, the company announced on the 13th. AIP certification verifies the safety and compliance with international regulations of new technologies applied to ships and materials during the basic design phase. This rigorous evaluation process ensures that innovative marine technologies meet the highest standards of safety and performance before implementation. "This certification from DNV validates our hydrogen fuel cell technology at the highest global standards for safety and performance," said Dong-jo Oh, Executive Director of Hanwha Aerospace. "We will leverage our eco-friendly marine solution technologies to continuously collaborate with Hanwha Ocean in targeting the global zero-carbon vessel market, helping the maritime industry achieve significant reductions in carbon emissions." This latest certification builds upon Hanwha Aerospace's previous success in obtaining AIP certification from the Korean Register of Shipping (KR) last year. With validation now from both KR and DNV, Hanwha Aerospace is positioned to begin full-scale marketing and sales of its maritime hydrogen fuel cells in the global market. With this certification, Hanwha Aerospace is positioned to secure type approval for its Polymer Electrolyte Membrane Fuel Cell (PEMFC) technology, strengthening its competitiveness in the zero-carbon propulsion systems market. The company plans to further develop and commercialize this technology for various marine vessels, from commercial ships to specialized maritime applications.
TORONTO, March 12, 2025 /PRNewswire/ -- Recently, Visionary Holdings (NASDAQ: GV), a company with extensive influence in the industry, officially announced that it has reached an important agreement with PEGASUS International Group (Hong Kong). It is actively laying out in the new energy vehicle battery swap market in Hong Kong, and this move will have a profound impact on Visionary's market value management and investors' confidence. As a U.S. listed company, Visionary has always been committed to expanding its business areas and enhancing corporate value. This time, Visionary and PEGASUS International Group (Hong Kong) jointly focus on the booming new energy vehicle market in Hong Kong and carry out in-depth cooperation in the field of battery swap/charging services. The Hong Kong government has been vigorously promoting the development of new energy vehicles and plans to build 3,000 high-speed battery swap/charging stations by 2030, which provides broad space for the development of the industry. According to the cooperation agreement reached by the two parties, Visionary will invest HK$420 million and plans to build 600 battery swap/charging stations in Hong Kong by 2029. Among them, 10 stations will be built in 2025, and the construction of the first new energy vehicle battery swap station in Hong Kong will be launched in March 2025. Through this strategic layout, Visionary is expected to occupy about 20% of the battery swap market share in Hong Kong. With this scale advantage, Visionary will not only be able to hold an important position in the new energy vehicle battery swap service field in Hong Kong, but also is expected to deeply penetrate the new energy vehicle market in Hong Kong with its leading edge in battery swap services. In the current market environment, whoever masters the battery swap market holds the key to opening the door of the new energy vehicle market in Hong Kong, and Visionary is steadily moving towards this goal. To ensure the smooth implementation of this plan, the previously disclosed US$1 billion financing arrangement between Visionary and Alfardan Group of Qatar has entered the formal loan process. This significant progress provides a solid financial guarantee for the HK$420 million investment plan, making the project practically operable and implementable. The stable financial support demonstrates Visionary's strong resource integration ability and development potential, and further strengthens investors' confidence in Visionary. In terms of the cooperation model, Visionary and PEGASUS International Group (Hong Kong) give full play to their respective advantages. Visionary will combine its own advantages in equipment, technology, and operating funds with the advantages of PEGASUS International Group (Hong Kong) in site resources and other aspects to jointly explore the new energy vehicle battery swap/charging service market in Hong Kong. The two parties will jointly lead the project operation to build a mutually beneficial and win-win cooperation situation. This cooperation not only conforms to Visionary's long-term development strategy, but also accords with the industry development trend. With the rapid growth of the new energy vehicle market, battery swap/charging services, as a key supporting link, have a continuously rising market demand. This layout of Visionary will not only help enhance Visionary's competitiveness in the new energy field, but also create greater value for shareholders. Visionary will strictly comply with the information disclosure and compliance requirements of U.S. listed companies, actively promote the project progress, and promptly convey relevant information to investors. In the future, Visionary will continue to uphold the concepts of innovation, cooperation, and win-win results, deepen its layout in the new energy vehicle battery swap field, continuously improve service quality and market share, contribute to the development of the new energy vehicle industry in Hong Kong, and at the same time lay a solid foundation for the continuous growth of Visionary's market value and long-term returns for investors. For more information, please contact: Visionary Holdings Inc.Investor Relations DepartmentEmail: ir@farvision.ca
Asian supply chains at full capacity as export growth in China, Taiwan and India drives factory activity European factories cut inventories as industrial slowdown continues, but tentative signs of recovery emerge CLARK, N.J., March 12, 2025 /PRNewswire/ -- GEP Global Supply Chain Volatility Index — a leading indicator tracking demand conditions, shortages, transportation costs, inventories, and backlogs based on a monthly survey of 27,000 businesses — fell to -0.45 in February, from -0.21 in January, its lowest level since July 2023. While the index shows that overall supply chain capacity became more underutilized globally, regional data reveals significant geographical differences. S&P Global Manufacturing PMI Quantity of Purchases Index In the U.S., manufacturers' demand for raw materials and components saw a notable uptick in February, reflecting a mix of preparations for orders and efforts to avoid higher costs from additional tariffs. U.S. factories also reported accelerating sales growth as their customers acted to front-run price and supply challenges arising from tariffs, driving up procurement. Efforts to mitigate tariffs also propelled stockpiling by U.S. manufacturers in February. In stark contrast, Mexican and Canadian manufacturers harshly reduced their purchases in response to a rapid reduction in exports as U.S. companies refrained from placing orders due to the threat of tariffs and trade policy uncertainty. In Europe, manufacturers are making inventories cutbacks. The continent's supply chains continue to be underutilized as the industrial sector remains sluggish. That said, there does appear to be some early indication of recovery as the downturn in factory demand for inputs cooled to its weakest in two-and-a-half years. Asia supply chains continue to be at full capacity in February, as was the case at the start of the year, making them the most active globally. Factories in parts of the region such as China, Taiwan and India reported strong export growth. "With tariffs driving uncertainty, U.S. manufacturers are racing to secure materials, while Canadian and Mexican suppliers are feeling the squeeze from weaker export demand. In contrast, Asia's supply chains are operating at full capacity, fueled by strong export growth," said Krish Vengat N., GEP's vice president of consulting. "Companies must remain agile—diversifying supply sources and optimizing inventory strategies to navigate this ongoing volatility." Interpreting the data:Index > 50 means growth. The further above 50, the faster the growthIndex < 50 means decreasing. The further below 50, the larger the contraction. Interpreting the data:Index > 0, supply chain capacity is being stretched. The further above 0, the more stretched supply chains are.Index < 0, supply chain capacity is being underutilized. The further below 0, the more underutilized supply chains are. FEBRUARY 2025 KEY FINDINGS DEMAND: Globally, demand for raw materials, components and commodities is trending broadly level with its long-term average, following over two-and-a-half years of subdued purchasing by factory procurement managers. Buying activity is the strongest in Asia, although a pick-up in the U.S. was recorded in February as manufacturers restocked and ordered ahead of higher tariffs. INVENTORIES: Global stockpiling activity decreased in February, suggesting that global manufacturers' appetite to hold excess stock in their warehouses remains low. Although demand is trending upwards, our data suggests that procurement managers are still carefully managing cashflow in an environment of rising production costs. The data also implies a "wait-and-see" mentality to increased global trade policy uncertainty. MATERIAL SHORTAGES: Our global item shortages indicator, which tracks the availability of critical commodities, common inputs and components, remains below its long-term average, signaling robust global material supply levels. This metric implies that vendors have stock to meet orders from their customers. LABOR SHORTAGES: In February, we received fewer reports from global manufacturers of backlogs rising due to inadequate staff capacity. TRANSPORTATION: Global transportation costs were unchanged from January, when they hit the highest in six months. Still, they remain close to levels which can be considered normal, by historical standards. REGIONAL SUPPLY CHAIN VOLATILITY NORTH AMERICA: Index rises to -0.18, from -0.22, a seven-month high and signalling that North American supply chains are their busiest since July 2024. This was exclusively a reflection of conditions in the U.S., however, as Mexican and Canadian manufacturing industries slowed in February. EUROPE: Index falls to -0.72, from -0.61, signalling slightly greater slack in Europe's supply chains compared with the beginning of the year. U.K.: Index down to -0.85, from -0.63, its lowest level since December 2023, a signal that the U.K. economy is slowing in the first quarter. ASIA: Index at 0.00, versus 0.03 in January. Overall, the data shows that Asian supply chains are at full capacity. Asian factories are benefitting from stronger export growth, underlying data revealed. For more information, visit www.gep.com/volatility. Note: Full historical data dating back to January 2005 is available for subscription. Please contact economics@spglobal.com. The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m. ET, Apr. 10, 2025. About the GEP Global Supply Chain Volatility Index The GEP Global Supply Chain Volatility Index is produced by S&P Global and GEP. It is derived from S&P Global's PMI® surveys, sent to companies in over 40 countries, totaling around 27,000 companies. The headline figure is a weighted sum of six sub-indices derived from PMI data, PMI Comments Trackers and PMI Commodity Price & Supply Indicators compiled by S&P Global. A value above 0 indicates that supply chain capacity is being stretched and supply chain volatility is increasing. The further above 0, the greater the extent to which capacity is being stretched. A value below 0 indicates that supply chain capacity is being underutilized, reducing supply chain volatility. The further below 0, the greater the extent to which capacity is being underutilized. A Supply Chain Volatility Index is also published at a regional level for Europe, Asia, North America and the U.K. For more information about the methodology, click here. About GEP GEP® delivers AI-powered procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value. Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world's best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals. A leader in multiple Gartner Magic Quadrants, GEP's cloud-native software and digital business platforms consistently win awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters. GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others. Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com. About S&P Global S&P Global (NYSE: SPGI) S&P Global provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. Disclaimer The intellectual property rights to the data provided herein are owned by or licensed to S&P Global and/or its affiliates. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without S&P Global's prior consent. S&P Global shall not have any liability, duty or obligation for or relating to the content or information ("Data") contained herein, any errors, inaccuracies, omissions or delays in the Data, or for any actions taken in reliance thereon. In no event shall S&P Global be liable for any special, incidental, or consequential damages, arising out of the use of the Data. Purchasing Managers' Index™ and PMI® are either trade marks or registered trade marks of S&P Global Inc or licensed to S&P Global Inc and/or its affiliates. This Content was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global. Reproduction of any information, data or material, including ratings ("Content") in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers ("Content Providers") do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with any use of the Content. Media Contacts Derek CreeveyDirector, Public RelationsGEPPhone: +1 646-276-4579Email: derek.creevey@gep.com Joe HayesPrincipal EconomistS&P Global Market IntelligencePhone: +44-1344-328-099Email: joe.hayes@spglobal.com S&P Global Market IntelligenceCorporate CommunicationsEmail: Press.mi@spglobal.com GEP Global Supply Chain Volatility Index GEP Global Supply Chain Volatility Index
BOSTON, March 11, 2025 /PRNewswire/ -- TraceLink, the largest end-to-end digital network platform for intelligent orchestration of the supply chain, has been recognized by CIOReview as a Top Supply Chain Solution Provider of 2025. This award highlights TraceLink's innovative approach to driving supply chain digitalization, helping supply chain and technology leaders maximize revenue by avoiding stockouts, free up working capital by optimizing inventory, and improve operating efficiency through digitalization. By enabling end-to-end digitalization on a single platform, TraceLink also plays a critical role in ensuring product authenticity, safeguarding patient safety, and protecting patients against counterfeit and diverted products. Each year, CIOReview's expert panel, composed of C-level executives, industry thought leaders, and the publication's editorial board, selects the top companies reshaping the supply chain landscape. TraceLink stood out for its unique and proven ability to link tens of thousands of supply chain partners through its digital network using only a single integration per company, thereby enabling faster, more agile supply chain processes while maintaining compliance, ensuring product authenticity, and increasing operational excellence. "Supply chain challenges are constantly evolving, and our customers are seeking end-to-end supply chain digitalization capabilities that will fuel their need for real-time data and intelligence," said Shabbir Dahod, President and CEO of TraceLink. "End-to-end supply chain digitalization empowers organizations to acquire this invaluable real-time data asset from their supply chain partners while also optimizing inventory, mitigating the impact of disruptions, and accelerating revenue growth—ultimately, these are the activities that ensure that life-saving treatments safely reach consumers without delay and without the risk of counterfeit products." Powered by OPUS, the Orchestration Platform for Universal Solutions, TraceLink's Multienterprise Information Network Tower (MINT) enables end-to-end supply chain digitalization, replacing outdated manual processes with automation and advanced integration. The platform offers no-code workflow configuration and on-demand reporting/dashboarding capabilities for solutions like MINT, allowing organizations to seamlessly orchestrate processes across commerce, direct supply, external manufacturing, logistics, and more. "We are glad to announce TraceLink as a Top Supply Chain Solution Provider," said Justin Smith, Managing Editor of CIOReview. "Its cutting-edge platform with real-time visibility eliminates inefficiencies, and ensures timely drug deliveries, reduces costs, and enhances patient health outcomes." As a leader in digital supply chain orchestration, TraceLink continues to push the boundaries of innovation, helping organizations overcome supply chain challenges and maximize performance. By providing the technology and expertise to drive digital transformation, TraceLink ensures that companies remain competitive, adaptable, and ready to meet the demands of an increasingly complex global market - while also safeguarding patient safety from counterfeit and diverted products. About TraceLinkTraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling end-to-end orchestration by linking more than 291,000 healthcare and life sciences entities through its B2N Integrate-Once™ network. Leading businesses trust TraceLink to deliver complete global connectivity, visibility, and traceability of healthcare products, ensuring that every patient gets the medicines they need when needed, safely and securely. About CIOReviewCIOReview is a leading technology magazine that is at the forefront of guiding enterprises through the continuously varying business environment with information about the solutions and services. The magazine serves as a trustworthy knowledge source as well as a platform for the C-suite executives, industry experts, technology buyers, and other decision-makers to share their valuable insights about new technology trends in the market.
- Meanwhile, Circooter is gearing up to launch its highly anticipated Landturbo Series this late spring SAN FRANCISCO, March 11, 2025 /PRNewswire/ -- Circooter, a brand that redefines mobility with innovative, durable scooters for both urban commutes and off-road adventures, has announced a spring promotion, encouraging explorers to embark on journeys of freedom with special offers on selected models. Circooter Spring sales The event will take place from March 5th to April 9th, offering a chance for both enthusiasts and new riders to purchase high-quality electric scooters at reduced prices. The sale features discounts on popular models, such as the Cruiser Pro and Mate. Additionally, the first 100 customers will receive an extra mystery gift box, enjoy a hassle-free return policy, and gain access to exclusive offers on multiple-unit purchases, with savings of up to $250 when buying two units. Circooter's flagship model, the Cruiser Pro, returns this season with an additional $100 coupon that can be stacked onto its already reduced price of $1299. This brings total savings up to $300. Designed for performance across various terrains, the Cruiser Pro boasts a 2400W brushless hub motor capable of handling steep inclines up to 30 degrees without faltering. Its dual hydraulic shock absorption system ensures smooth rides over rough surfaces while providing comfort through its wide deck. The Circooter Mate is available at an all-time low price of $549 this spring after applying an extra $50 coupon. A perfect spring companion, the Mate is designed for versatility with a powerful 1000W motor that handles all terrains with ease. It features a front swing arm shock absorber for stability and 10-inch off-road air tires that provide excellent grip and comfort. Additionally, its quick folding design makes it ideal for urban commuters who value convenience. Both models are fitted with puncture-resistant air tires designed specifically for off-road conditions ensuring reliability during adventurous rides. Additionally, unlimited tire replacements are offered during their warranty periods, enhancing customer satisfaction and product reliability. In addition to these exciting offers, Circooter is set to introduce the highly anticipated Landturbo Series later this year. Focused on technology, intelligence, and innovation, the Landturbo Series is designed to elevate the riding experience with cutting-edge advancements. This new lineup will provide riders with smart mobility solutions by integrating the latest in electric scooter technology to enhance both performance and convenience. Join Circooter Community for More Surprises Circooter encourages consumers to subscribe through the event page or join the brand's Facebook Group to stay informed and participate in exclusive giveaways, where they could have a chance to win a $1,499.99 Cruiser Pro and a variety of other gifts. Circooter also invites consumers to stay tuned for the launch of the Landturbo Series in late spring 2025. Designed for both style and comfort, this upcoming series offers multiple options to suit different riders. As part of its commitment towards enhancing mobility solutions while fostering community engagement among riders worldwide, Circoooter continues striving towards innovation in personal transportation technologies. The upcoming Landturbo Series further underscores the brand's dedication to technological advancements, ensuring that each ride is not only enjoyable but also integrates the latest in smart riding solutions. About Circooter Circooter believes the journey should be as exciting as the destination. The story began with a simple realization: the best mobility solutions empower the exploration of every path, whether in the urban jungle or the rugged outdoors. Frustrated with scooters that couldn't handle both city demands and off-road thrills, Circooter was created to blend durability, performance, and innovation. Designed to transition seamlessly from daily commutes to off-road adventures, Circooter redefines mobility with versatile, cutting-edge designs. Crafted with precision and powered by advanced engineering, Circooter is built for those who crave adventure, enabling rides without limits. For more details, please visit Circooter's website or social media: Website: https://www.circooter.com Facebook: https://www.facebook.com/Circooter Facebook Group: https://www.facebook.com/groups/circooter.official Instagram: https://www.instagram.com/circooter_official YouTube: https://www.youtube.com/@Circooter X: https://x.com/Circooterglobal
NUREMBERG, Germany, March 11, 2025 /PRNewswire/ -- Fibocom (Stock code:300638), a global leading provider of AIoT solutions and wireless communication modules, unveiled its new Tracker Solution at embedded world 2025. Designed specifically for vehicle and asset tracking, as well as two-wheeled vehicle TCU (Telematics Control Unit) applications, this innovative solution offers a comprehensive technology stack that includes "hardware reference design, open-source SDK, and full-process support." This empowers customers to rapidly develop and deploy intelligent tracking devices, optimizing performance and cost-efficiency. Fibocom offers a comprehensive solution that combines both hardware and software to deliver an optimized tracker solution. On the hardware side, Fibocom provides tailored Cat.1 bis modules, GNSS modules, and antennas for various chip platforms, ensuring maximum flexibility. The OpenCPU-based Cat.1 bis module serves as both the communication unit and central controller, interfacing with the GNSS module via UART (Universal Asynchronous Receiver/Transmitter) and integrating power management and essential circuits. This highly compact, energy-efficient design reduces costs and enables ultra-low power consumption, making it ideal for tracking devices with extended operational requirements. On the software side, the Fibocom Cat.1 bis module is powered by the Fibo-ROF cross-platform operating system, customized for industry requirements. Fibo-ROF encapsulates critical APIs for Tracker applications, including GNSS data acquisition, network connectivity, and data transmission management. In addition, Fibocom provides a fully integrated Tracker application demo, allowing customers to development quickly, significantly reducing time to market. The Fibo-ROF system is cross-platform compatible, allowing customers to seamlessly transition to new hardware platforms without redundant development, ensuring fast portability. This feature reduces terminal development costs and provides a flexible upgrade path, facilitating continuous product iteration. In addition to the product solution, Fibocom offers comprehensive, end-to-end support, covering everything from development and debugging to final product testing and global certification, helping customers accelerate time to market. Fibocom's Tracker Solution is ideal for: Vehicle Tracking: Real-time location and status monitoring for fleet management and shared vehicles. Asset Tracking: Location and status monitoring for valuable assets, such as in container and equipment rental. Two-Wheeled Vehicle TCU: Remote control and tracking for electric bikes, motorcycles, and more, supporting shared mobility and smart transportation. With the rapid advancement of IoT technology, the demand for smart tracking devices in logistics, transportation, and asset management continues to rise. Fibocom's Tracker Solution offers efficient, cost-effective development tools, driving the widespread adoption and innovation of smart tracking devices.
Transportation/Trucking/Railroad
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