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SHENZHEN, China, Jan. 3, 2025 /PRNewswire/ -- Shenzhen GRIT Biotechnology Co., Ltd., a leading company in cell therapy globally, today announced the appointment of Jie Jia, Ph.D., as Chief Operating Officer (COO), effective on the date of this press release. Dr. Jia, Jie brings over 20 years of strategic leadership experience within the biopharmaceutical and healthcare industries, especially in managing complex projects, establishing new business operations, optimizing processes, and guiding critical decision-making initiatives. Prior to joining GRIT Bio as Chief Operating Officer, Dr. Jia served as a senior executive at CARsgen Therapeutics, where he successfully transformed the company from a startup to a public entity by establishing and spearheading U.S. operations. Before transitioning into the industry, Dr. Jia was an assistant professor at the Cleveland Clinic and Case Western Reserve University. Dr. Jia holds a Bachelor of Science in Biochemistry from Sichuan University, a Ph.D. in Biochemistry and Molecular Biology from the Chinese Academy of Sciences, a Postdoctoral Fellow Certificate in Molecular Medicine from the Cleveland Clinic, and an MBA in Leadership and Digital Marketing from Youngstown State University. "We are delighted to welcome Dr. Jia as GRIT Bio's Chief Operating Officer," said Dr. Liu, Yarong, Chairman and CEO of GRIT Bio, "His experience in leading biotech companies and developing markets and collaborations overseas aligns seamlessly with GRIT Bio's international vision. We are confident that Dr. Jia's leadership and professional expertise will accelerate our global mission of developing breakthrough cell therapies for solid tumor patients." Dr. Jia commented, "I am honored to join GRIT Bio and collaborate with the team. With outstanding scientists and proprietary cell therapy platforms, GRIT Bio has generated multiple differentiated TIL projects that have tremendous potentials, and maintained leading positions in development globally. I look forward to advancing development and collaborations involving the technologies and projects and contributing to the future success of the company." About GRIT Bio GRIT Bio was founded in 2019 as an innovative biopharmaceutical company, focused on immune cell treatments for oncology and characterized by a R&D pipeline in TIL therapies. GRIT Bio has completed multiple rounds of equity financing and is backed by renowned venture capital funds. GT101, a proprietary injectable developed by GRIT Bio, is the first TIL therapy that entered registrational clinical trial. GT 101 is currently in pivotal Phase II clinical study. GRIT Bio's GT201 injectable, the first TIL therapy with membrane-bound IL-15 complex, has cleared IND in both US and China. Core R&D platforms of the company include StemTexp® stemness TIL expansion platform, StaViral® stably virus transfected cell lines, ImmuT Finder® immune modulator target discovery platform, and KOReTIL® high-efficiency gene knock-out system. Based on the platforms, GRIT Bio generated a series of next-generation gene-edited TIL therapies. With internationally advanced technology reserve and industry resources, GRIT Bio aims to develop breakthrough cell therapies for solid tumors and bring new hope to cancer patients. For further information, please visit: www.grit-bio.com Investor ContactYuan Wang+86-21- 50828029yuan.wang@grit-bio.com Media ContactRong Peng+86-21- 50828029PR@grit-bio.com
SINGAPORE - Media OutReach Newswire - 3 January 2025 - Flint, the pioneering deep tech company developing a proprietary paper battery technology, has raised US$2 million in seed funding. This funding round, led by a global consortium of angel investors, will accelerate Flint’s efforts to bring high-performance, sustainable energy storage solutions to market. “This funding milestone represents years of technical breakthroughs, and now, with real-world applications on the horizon, we are laser-focused on delivering our solutions to market,” said Mr. Carlo Charles, Founder and CEO of Flint, who has been recognized by the US State Department, the European Union, Google, TechCrunch, the International Union for Conservation of Nature, the Singapore government, and other esteemed institutions. “Our batteries are engineered to excel where traditional technologies fall short, and we believe they will transform industries that demand superior safety, sustainability, and flexibility.” The funding supports commercial expansion, pilot production, and intellectual property development, positioning Flint to challenge legacy battery technologies like lithium-ion and lead-acid with cleaner, safer, and adaptive alternatives. The company is also set to roll out its first paid pilot project in the immediate future with an international customer in a diversified industry sector. Key Highlights: US$2 million seed funding raised from private investors across nine countries and AI-driven VC firm Hatcher+. First commercial pilot project secured with a global enterprise, validating Flint’s market readiness. Stealth mode exit after intensive R&D and proprietary battery designs now ready for commercialization. Funds allocated toward pilot production, key hires, and intellectual property development. Deep Tech Innovation: Rethinking Energy Storage Flint’s cellulose-based paper batteries are engineered from the ground up to solve critical challenges in modern energy storage. These next-generation batteries are: Highly Sustainable: Using natural and non-toxic materials such as cellulose paper, zinc and manganese, Flint eliminates hazardous components used in conventional battery technologies and are fully compostable at the end of their lifecycle, making recycling easier and cheaper, minimizing electronic wastes, and reducing environmental impact. Inherently Safe: Explosion-proof, leak-proof, and immune to combustion risks, ensuring near-zero fire hazards even under extreme conditions. Flexible and Durable: Flexible and designed to maintain functionality even when punctured, bent, or damaged, allowing new form factors for various applications. Cost-Efficient: Leveraging low-cost input materials and scalable production processes, Flint addresses pricing concerns that have traditionally hindered the adoption of sustainable technologies. Scalable for Rapid Adoption: Seamlessly integrates into existing manufacturing infrastructure, lowering barriers to industrial adoption and allowing for quick scaling. These innovations represent a fundamental shift in energy storage, laying the groundwork for smarter, safer, and more environmentally sustainable batteries. Flint’s core technology addresses both anode and cathode breakthroughs, with proprietary electrolytes and separators enhancing performance, stability, and safety under extreme conditions. Furthermore, Flint’s proprietary innovations not only address sustainability challenges but also remove the traditional “green premium” — the higher cost often associated with environmentally friendly products. For standard battery types and applications, Flint’s inexpensive input materials and efficient production processes enable competitively priced solutions. These solutions not only match the performance of conventional batteries but also provide a “green discount”: a more sustainable product at a lower price. Strong Market Traction with High-Value Customers With a global energy storage market valued at US$500 billion by 2030, Flint is strategically positioned to disrupt the industry. The company’s first paid pilot project with a diversified international enterprise validates its value proposition and underscores early market traction. Flint has already attracted interest from more than 20 companies across sectors, including: Defense and Security Energy Storage Systems Critical Power Supply Consumer Electronics Space Applications Electric Vehicles (EVs) "These discussions highlight a growing appetite for next-generation energy solutions," said Mr. Carlo Charles. “Our cost-effectiveness is key to driving adoption at scale. We’re not just offering a sustainable option; we’re offering a better, safer, and more affordable alternative to unsustainable batteries.” “A lower production cost is at the core of creating demand, scaling quickly, and increasing adoption rates while ensuring profitability,” said Mr. Jeremy Wee, Co-Founder of Flint. “We are no longer confined to the lab — our commercial pilots are already demonstrating the tangible impact of our innovations in real-world applications.” Investor Confidence and Funding Roadmap The US$2 million seed funding round which closed in October was driven by private angel investors from France, Germany, Hong Kong, India, Singapore, Sweden, Switzerland, the UK, and the US. It also saw participation from Hatcher+, a venture capital firm recognized for leveraging machine learning and AI-driven insights to identify high-potential ventures. The capital infusion will be deployed to: Scale pilot production capabilities Secure intellectual properties to safeguard proprietary technologies Build a world-class team of engineers and scientists Drive commercialization efforts with pilot customers “This announcement marks a major milestone for us as a company, and we are very humbled by the support from our investors, who, like us, believe in a better and greener future,” said Mr. Carlo Charles. This funding builds on Flint’s national and international recognition from TechCrunch, the Techblazer Awards, the Institution of Engineers Singapore (IES), and accelerator programs by Shell and OPPO, along with grants from the Singapore government — further validating the company’s breakthrough potential. Upcoming CES 2025 Global Launch Flint will also showcase its prototypes and products at CES 2025 in Las Vegas from January 7th–10th, presenting to global tech leaders and strategic partners. CES is labelled the most powerful tech event in the world with more than 130,000 attendees expected. At the end of 2023, Flint made its debut on the global stage of TechCrunch’s flagship event in San Francisco, standing out as the only company from Asia among just 20 start-ups selected worldwide out of a total of more than 3,200. Building on that momentum, Flint is now ready to leverage CES 2025 as a strategic launchpad for accelerated international expansion. Shaping the Future of Sustainable Technology “At Flint, we aim to do more than build better batteries — we’re changing the way the world envisions energy storage,” said Carlo Charles. “By positioning ourselves at the intersection of advanced technology and sustainability, we’re addressing the climate crisis head-on. Our paper battery technology isn’t just about better performance; it’s about creating a safer, greener standard that industries can rely on. This is the future of energy, and we’re proud to be leading the way.” Our goal is simple: to create batteries that work great and are better for the planet,” added Mr. Jeremy Wee. “We’re not just solving today’s problems — we’re preparing for tomorrow and setting new standards for what’s possible in sustainability.” Hashtag: #Flint #FlintPaperBattery #GreenEnergy #DeepTech #SustainableInnovation #CleanTech #FutureOfEnergy #PaperBattery #EnergyStorage #StartupFunding #SeedFunding #TechInvestment #GlobalInnovation #ClimateTech #CES2025 #TechCrunchDisrupt #MadeByFlint #TechLeadershttps://www.madebyflint.co/https://www.linkedin.com/company/madebyflint/The issuer is solely responsible for the content of this announcement.FlintSparkByFlint Pte. Ltd. ("Flint") is a deep tech impact company headquartered in Singapore with a mission to offer the world’s most sustainable batteries. Flint specializes in developing next-generation rechargeable paper batteries that are safer, cleaner, and more flexible and cost-efficient than traditional lithium-ion and lead-acid batteries. Flint’s proprietary technology encompasses anode, cathode, separator, and electrolyte innovations, with cellulose paper at its core. The company’s batteries remain operational even when damaged and integrate easily with existing manufacturing processes, enabling rapid industrial adoption. For more information, visit www.madebyflint.co.
Veteran Technology Executive Joins DXC's Leadership Team ASHBURN, Va., Jan. 3, 2025 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the appointment of Brad Novak as Chief Information Officer. Novak joins DXC's leadership team, with a strong focus on leveraging AI throughout DXC operations. He will report to DXC's Chief Administrative Officer, James Walker. Brad Novak, Chief Information Officer, DXC Technology In this role, Novak will strategically embed AI across the infrastructure. He will also lead the team to integrate, standardize and consolidate various platforms, tools, and processes to enhance workforce productivity and operational efficiency. Novak is a senior technologist and brings over 30 years of experience in financial services, spanning application development, infrastructure and service management. He has worked at several global financial services firms, most recently Barclays, where he was the CTO for the Corporate and Investment Bank, leading technology architecture and strategy. Novak has also worked in Private Equity and Venture Capital, assessing investment opportunities and advising portfolio companies on their technology strategies. For more information DXC's leadership team, visit here. Forward Looking Statements All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled "Risk Factors" in DXC's Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law. About DXC Technology DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com. CONTACT: Mihir Bellamkonda, Media Relations, mihir.bellamkonda@dxc.com; Roger Sachs, Investor Relations, roger.sachs@dxc.com
SINGAPORE, Jan. 1, 2025 /PRNewswire/ -- DayOne, a leading global data center pioneer, officially launched as an independent group on January 1, 2025, ushering in a transformative new era following the successful completion of its series B funding, led by renowned global investment institutions. Formerly operating as GDS International (GDSI), DayOne, founded in 2022 and headquartered in Singapore, has built a proven track record of creating and scaling markets across Asia-Pacific and beyond, driving digital transformation and enhancing regional connectivity. The brand name "DayOne" encapsulates the company's entrepreneurial spirit and relentless focus on customers, innovation, and growth. It signifies a mindset of respecting each day as an opportunity to embrace new possibilities, create impactful solutions, and deliver value across the markets we operate in. Inspired by its legacy of pioneering digital infrastructure and unlocking markets, "DayOne" represents a forward-looking commitment to empowering industry leaders with next-generation infrastructure solutions. Guided by humility and a deep reverence for our work and the industries we serve, "DayOne" is dedicated to creating value for all—spanning customers, business partners, investors, employees, and the communities we support. Over the past year, DayOne secured approximately USD $1.9 billion through its Series A and Series B equity rounds, backed by world-class investors such as SoftBank Vision Fund, Kenneth Griffin, CEO of Citadel, Coatue Management, and Baupost Group. These investments have not only underscored confidence in DayOne's ability to deliver reliable, scalable, and sustainable digital infrastructure solutions but have also paved the way for its transformation into an autonomous entity. DayOne's autonomy spans corporate governance, operations, finance, and technology functions. Its governance is further strengthened by a globally experienced and diverse board, with over half comprising independent investor directors. Adding to its strategic depth, DayOne recently welcomed three esteemed board leaders: Lim Ah Doo, Co-Chairman of the Board and Chairman of Olam Group Limited; and board advisors Ken Miyauchi, former President & CEO of SoftBank Corp., and Bob McCooey, Vice Chairman of Nasdaq. This robust governance framework ensures balanced decision-making aligned with international best practices, laying a solid foundation for sustainable growth and long-term value creation. "The trust from our investors speaks volumes about the strength of DayOne's vision and our ability to deliver transformative results in a rapidly evolving industry," said William Huang, Chairman of DayOne. "This transformation goes beyond operational independence— it solidifies our role as a leader in setting new industry benchmarks, advancing regional digital growth, and championing sustainable innovation." Jamie Khoo, CEO of DayOne, said: "DayOne represents more than a new name—it's a commitment to leading with purpose, agility, and innovation. Our focus is on delivering cutting-edge digital infrastructure that propels industries and communities forward. This new chapter empowers us to create lasting impacts on economies and build a future-ready digital ecosystem." Gary Wojtaszek, Vice-Chairman of the Board and former President and CEO of CyrusOne, stated: "The formation of DayOne marks a pivotal moment for the industry. Backed by a forward-thinking board and an exceptional leadership team, DayOne is set to redefine digital infrastructure and establish new benchmarks in the sector." Operating across key markets such as Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, and Tokyo, DayOne combines deep local expertise with a global vision to meet the growing demands of hyperscalers and enterprises. Its innovative strategies, such as the SIJORI market creation, integrate the strengths of Singapore, Johor, and Batam to deliver interconnected, scalable, low-latency, and sustainable digital infrastructure solutions. DayOne's competitive edge lies in its ability to anticipate market demands and deliver customer-centric solutions. With a focus on innovation, the company consistently sets industry benchmarks in speed, scalability, and execution. Its sustainability efforts include cutting-edge cooling technologies, renewable energy adoption, and green building designs aimed at reducing environmental impact and enhancing operational resilience. Looking ahead, DayOne envisions a future where digital infrastructure fuels economic transformation and accelerates global connectivity. By integrating sustainability with advanced technology, DayOne is poised to drive innovation and empower industries worldwide. About DayOne DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective and quickly scalable solutions. Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne's data centers are located across key markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond. Headquartered in Singapore, DayOne's leadership team draws on over two decades of industry experience and a track record of building Asia's largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub. As demand for strategically located and customized data centers rises, DayOne's entrepreneurial spirit, customer-first strategy, deep local partnerships, and agile executional capabilities uniquely position us to power the growth ambitions of leading hyperscalers and large enterprises around the world.
JIANGYIN, China, Dec. 31, 2024 /PRNewswire/ -- SJ Semiconductor Corporation (hereinafter referred to as "SJSemi" or "the company") announced the efficient and successful closure of a new financing round amounting to $700 million on Dec. 31, 2024. The roster of newly onboarded investors includes Wuxi Chanfa Science and Technology Innovation Fund, Jiangyin Binjiang Chengyuan Investment Group, Fortera Capital, Shanghai International Group, Lingang Xinxin Fund of Shanghai Lingang Special Area Administration and Lingang Shuke Fund of Lingang Group, together with Social Security Fund Zhongguancun Independent Innovation Fund, China Life Private Equity Investment Limited, Golden Link, etc. Since its inception in 2014, SJSemi has continuously dedicated to the high-quality and high-standard production of 12-inch mid-end wafers. Complementing this, SJSemi extends its service to offer advanced packaging and testing services for the whole process of wafer level advanced packaging and multi-die integration processing, which are widely used in smartphones, 5G communication, high-performance computing, data centers, automotive and other electronics fields. In the wake of the artificial intelligence and digital economy boom, SJSemi is able to provide a variety of advanced packaging solutions for Chiplet production and continues to increase investments in innovation and R&D efforts, especially in the 3D multi-die integration space. In 2023 and 2024, SJSemi witnessed remarkable revenue growth for two successive years. According to Yole's market research report, SJSemi is the company with the highest revenue growth among global OSATs in 2023. According to CIC Insight Consulting, SJSemi is ranked No.1 in market share in mainland China's 12-inch Bumping, 12-inch WLCSP markets, and is ranked No.1 in revenue in the wafer testing and chip probing market. As of 2024, SJSemi is currently the only provider capable of mass producing silicon-based 2.5D packaging solutions in mainland China. In recent years, SJSemi has made significant progress in advanced packaging technologies due to its commitment to innovation. In May 2024, SJSemi debuted its 3x reticle TSV interposer technology, marking the company's entry into a new era of sub-micron level advanced chip interconnect technology, further improving interconnect density in its products. The latest round of $700M USD in financing will help the company further technological progress into ultra-high density 3D Multi-Die Integration project, allowing it to strengthen its position as a leading advanced packaging provider, becoming a one-stop shop solutions provider for multi-die integration solutions. Mr. Cui Dong, Chairman and Chief Executive Officer of SJSemi, states that, while proceeding toward the IPO application process, the company opened the latest round of new financing for patient capital and industrial capitals who are firmly aligned with the long-term vision of SJSemi. This will also help to improve and optimize the company's equity governance structure. The synergy between SJSemi's strategic business planning and state-owned capital from both Wuxi and Shanghai will look to inject new momentum into the company's long-term development and success, positioning the company favorably to best capitalize on new opportunities in artificial intelligence and the digital economy!" About SJSemi Established in August 2014, SJ Semiconductor Co., Ltd. is the first Middle-End-Of-Line (MEOL) pure play foundry equipped with Front-End-Of-Line (FEOL) manufacturing and quality system, serving global customers. Starting with advanced 12-inch bumping and RDL, SJSemi devotes to offer world-class Middle-End-Of-Line (MEOL) manufacturing and testing services, and develops to provide the advanced 3D Multi-Die Integration technology and solutions. Headquartered in Jiangyin High-tech Industrial Development Zone, China, the company has branches in Shanghai and Silicon Valley of the United States, serving advanced chip design enterprises at home and abroad.
SINGAPORE, Dec. 27, 2024 /PRNewswire/ -- Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million. The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more. Nodepay's network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG). Darren Nguyen, co-founder of Nodepay commented: "Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build." Nodepay's infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem. Eric Le, investment director of IDG Capital, said, "The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We're proud to support their vision of making AI more accessible and beneficial to all." With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training. Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website. About NodepayNodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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