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Check Point's Best-in-Class security leverages the power of AI and threat intelligence across its portfolio to automatically identify and block threats across complex IT environments SAN ANTONIO, Aug. 17, 2023 /PRNewswire/ -- Frost & Sullivan recently researched the next-generation firewall (NGFW) industry and, based on its analysis, recognizes Check Point Software Technologies with the 2023 Global Company of the Year Award. Check Point delivers industry-leading firewall security to prevent online threats through its innovative products and services, serving companies across all industry verticals and business sizes. With the support of its global distribution channel of thousands of resellers, OEMs, managed service providers (MSPs), and distributors, the cybersecurity vendor has grown steadily to become a leading NGFW provider with over 100,000 customers in 88 countries. Its international customer support network of over 3,500 security experts addresses ever-evolving customer needs and stays on top of emerging challenges. Check Point delivers a unified customer experience through an integrated product portfolio that spans cloud, network, endpoint, mobile, remote access, software-defined wide area network (SD-WAN), and Internet of Things (IoT) environments. It recognized early the need to build a holistic security solution to protect its customers during digital transformation. With continued enhancements to its cybersecurity product line, Check Point has experienced double-digit growth rates and solidified its position as one of the leading security vendors globally. Integrating its strategic acquisitions into its product stack, it provides key security capabilities, including: Cloud security posture management (CSPM) Cloud email and collaboration Zero trust network access (ZTNA) Infrastructure as code (IAC) security Serverless computing security Martin Naydenov, senior industry analyst at Frost & Sullivan, observed, "Check Point recognized early on the emerging challenges organizations face and expanded its product offering to provide flexible solutions that align with its customers' goals, including cloud migration, remote workforce adoption, and proactive response to supply chain threats." Check Point's broad suite of security solutions leverage artificial intelligence (AI) in its ThreatCloud AI to prevent data breaches and detect attempted attacks. Check Point's solutions provide customers with a centralized fabric that correlates events from multiple environments via a single pane of glass. Its Horizon Infinity unified management delivers greater visibility and analytics capabilities, empowering organizations to set consistent policies across all their security domains to minimize attack surfaces and manage risk in the modern threat landscape. Its Quantum network security suite protects organizations' data and workloads and empowers them to scale their security operations on demand, dynamically allocating computing resources to improve overall network performance and productivity. Its CloudGuard solution provides fully-automated, cloud-native security from code to cloud. "Check Point's sophisticated AI engines with threat intelligence, sandboxing, and automation capabilities across its security offerings quickly identify and block the most advanced attacks and add new capabilities. It mitigates zero-day exploits while minimizing false positives, keeping organizations safe and productive," added Naydenov. With its strong overall performance, Check Point earns Frost & Sullivan's 2023 Global Company of the Year Award in the next-generation firewall industry. Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership in terms of customer value and market penetration. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. Source: "Check Point Software Technologies – Company of the Year Award - Best in Class in the global next-generation firewall industry" © Frost & Sullivan 2023 About Frost & SullivanFor six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact:Ashley WeinkaufP: 210-844-2505E: ashley.weinkauf@frost.com
BEIJING, Aug. 17, 2023 /PRNewswire/ -- Maoyan Entertainment ("Maoyan" or the "Company", 1896.HK), a leading platform providing innovative Internet empowered entertainment services in China, today announced its audited consolidated results for the six months ended June 30, 2023. First Half 2023 Financial Highlights Revenue was RMB2,196.9 million, representing a year-over-year increase of 84.4%, compared with RMB1,191.4 million in the first half year of 2022. Gross profit was RMB1,101.2 million, representing a year-over-year increase of 76.9%, compared with RMB622.4 million in the first half year of 2022. Net Profit was RMB405.2 million, representing a year-over-year increase of 166.8%, compared with RMB151.9 million in the first half year of 2022. Adjusted EBITDA was RMB584.4 million, representing a year-over-year increase of 107.2%, compared with RMB282.0 million in the first half year of 2022. Adjusted net profit[1] was RMB455.7 million, representing a year-over-year increase of 95.0%, compared with RMB233.7 million in the first half year of 2022. [1] In the first half of 2023 and 2022, we defined adjusted net profit as net profit for the six months adjusted by adding back share-based compensation (share options and RSUs granted to directors and employees and expenses from other share-based payment transaction) and amortization of intangible assets resulting from business combinations. BUSINESS REVIEW In the first half of 2023, the entertainment industry experienced an all-encompassing recovery fueled by a rebound in domestic consumption and robust support from national policies. According to data released by the China Film Administration (國家電影局), Chinese Mainland's total box office (including service fees) in the first half of 2023 was RMB26.271 billion, representing a year-over-year increase of 52.91%. The recovery in the national performing arts market also demonstrated significant momentum. According to the National Performance Market Briefing for the First Half of 2023 (2023上半年全國演出市場簡報) published by the China Association of Performing Arts (中國演出行業協會), the box office revenue of commercial performances nationwide in the first half of 2023 increased by 673.49% compared with the same period last year, and audience size increased more than 10 times year-on-year. In the midst of this full recovery in the entertainment industry, the Company seized the opportunity to vigorously resume the development of various businesses, outperforming the wider market in overall terms with the continual optimization of its revenue structure. Revenue and profitability hit record highs over the same period in previous years. In particular, the entertainment content service business achieved impressive results in its performance. The Company continued to maintain a leading edge in terms of its distribution and promotion services and market coverage. Entertainment Content Services As a leading player in the entertainment industry, we further deepened our involvement in movie promotion and distribution, production, and self-production of theatrical movies. In the first half of 2023, owing to our forward-looking deployment of content, abundant content reserves in our pipeline, constantly refined promotion and distribution capabilities, and excellent movie selection capabilities, our entertainment content service business continued to achieve outstanding business performance, consistently outperforming the market, as evidenced by our participation in the distribution/production of 24 domestic movies, among which we acted as a lead distributor in 13 of them, representing a significant increase as compared to the same period in previous years. We participated in domestic movies that accounted for over 80% of the total box office of domestic movies during the same period, including 9 of the top 10 domestic movies in terms of box office during the Reporting Period. Our market coverage rate and coverage rate for top-tier movies reached historical highs. In particular, we continued to achieve significant improvements in our promotion and distribution capabilities and achievements. We currently have an industry-leading promotion and distribution system in place, with high-quality service capabilities in the promotion and distribution supported by a professional and efficient team. As a result, we delivered stellar performances in our market coverage, industry influence, and revenue contribution, all of which show ongoing improvements. We continue to build an open, transparent, accurate, and real-time data system, providing comprehensive professional services for the industry. For example, during the movie promotion and release stages, we achieve precise marketing by mining and using real-time data to execute "one strategy for one movie," "one strategy for one city," and "one strategy for one day" to promote movies "to a wider audience base" and generate box office growth. At the same time, we also continue to enrich our intelligent promotion and distribution of products and services. For example, with the improvement in comprehensiveness, stability and accuracy after multiple iterations, our "Real-Time Trending List" (實時熱搜) function has become an indispensable and practical tool for industry practitioners. Our "Cloud Block Booking" (雲包場) services, which have served over 100 movies, saw orders grow by over 140% year-on-year. During the Spring Festival and Labor Day holidays, we entered into in-depth collaborations with over 50 platforms to provide nearly 20 movies with a total exposure of over 47.5 billion times. At the same time, in terms of customized promotion and marketing services, we have been exploring innovative promotion and distribution solutions, and we have successfully implemented in various movie projects, which have gradually developed industry-leading models. For example, in the promotion and distribution service plan for Full River Red (滿江紅), we collaborated with multiple airlines and high-speed railway companies to implement an innovative "by-air-and-by-land" promotion and distribution model and developed voice cards and role cards for movie characters, using creative materials to enrich communication channels between users and characters. Based on the above, we accomplished an outstanding performance in terms of movie promotion and distribution in the first half of 2023. During the Reporting Period, we participated in the promotion and distribution of 23 domestic movies, accounting for approximately 80% of the total domestic box office, with both the number of movies and share of box office hitting record highs for the same period in previous years. Among them were 13 movies for which we acted as a lead distributor, exceeding the historical records in terms of quantity, and many of these movies ranked a top-tier box office performance during their respective release period. For example, Full River Red (滿江紅), for which we acted as a lead distributor and producer, became a champion of the Spring Festival season with a box office over RMB4.5 billion and ranked sixth in China's movie history. Godspeed (人生路不熟), for which we acted as a lead distributor and producer, became the box office champion during the Labor Day holiday with a box office over RMB1.1 billion. In particular, we have seen a steady increase in the number and market coverage rate of movies for which we were a lead distributor from 2021 to 2023, reporting outstanding performances in popular box office periods each year. For example, during the past three Spring Festival seasons, the movies for which we acted as a lead distributor successfully claimed the top two places in the box office performance, which once again proved Maoyan's ability to select top-tier movies, as well as its exceptional capacity on promotion and distribution services and consistent financial performances. Furthermore, with our high-quality promotion and distribution capabilities, as well as our progressively improving movie selection capabilities, we increased our participation in high- quality movies in terms of both breadth and depth. Our professional promotion and distribution capabilities and movie selection capabilities complement each other, together with our mature promotion and distribution system, provided fundamental support for our sustainable outstanding performance in business and finance. The number of movies we participated in gradually increased, with the number of movies in which we served as the producer/distributor during the Reporting Period reaching an all-time high. At the same time, we have been redoubling our efforts to participate in the highest-ranking movies. We participated in the production/distribution of the top three movies in terms of box office performance during the Spring Festival season, including Full River Red (滿江紅), The Wandering Earth 2 (流浪地球2) and Boonie Bears: Guardian Code (熊出沒 • 伴我「熊芯」), as well as the box office champion and runner-up movies during the Labor Day season, including Godspeed (人生路不熟) and Born to Fly (長空之王), and the box office champion movie during the Dragon Boat Festival season, Lost in the Stars (消失的她). During the summer movie season, we distributed/produced a number of movies, released successively, such as Lost in the Stars (消失的她), Never Say Never (八角籠中), Chang'an (長安三萬里), and Creation of the Gods I: Kingdom of Storms (封神第一部), many of which performed well in terms of box office and reputation. There will be a series of high-quality movies, including Papa (學爸), The Woman in the Storm (我經過風暴), Just for Meeting You (念念相忘), Flaming Cloud (三貴情史), Lose to Win (好像也沒那麼熱血沸騰), One and Four (一個和四個), Who's The Suspect (拯救嫌疑人), Johnny Keep Walking! (年會不能停!) and The Goldfinger (金手指), which are scheduled for release at various time slots in the second half of this year. In addition, we continue to maintain an abundant reserve of movie content. The movies in which we participated as a distributor/producer include High Forces (危機航線), Shining For One Thing (一閃一閃亮星星), Burning Star (盜火者), Follow You (藏地白皮書), and Shuke and Beita: Flying Saucer (舒克貝塔之五角飛碟), as well as the movies we have self-produced, such as Game Start (天才遊戲), Endless Journey of Love (時間之子), Sanshaonv (傘少女), and Chongsheng (重生), all of which are making steady progress and will be released in due course. Online Entertainment Ticketing Services In the first half of 2023, we progressed with enhancing the service capabilities of our online movie ticketing platform, further optimizing the users' consumption experience, and strengthening the interaction between online and offline resources in order to maintain our competitive edge in the market. During the Reporting Period, we provided more diversified products and marketing solutions to support the sales of products and exclusive memberships in cinemas. We continued to serve as the official designated screening and ticketing platform of the 13th Beijing International Film Festival by providing various thematic promotion and ticketing services, allowing more movie fans to experience the cultural connotations of the film festival and local culture. We received unanimous recognition from the organizing committee and movie fans. In addition, we also supported cultural activities held by various provincial and municipal governments, such as those in Sichuan, Zhejiang, Guangxi, and Hangzhou. Since 2023, the offline performance market has shown robust and rapid growth in both supply and demand. Capitalizing on this opportunity, we continued to invest in and develop live entertainment services, including online ticketing services, with an emphasis on concerts by top-tier artists. We also actively explored and developed the investment in, the production of, and the IP development for performance events. During the Reporting Period, Maoyan's total GMV and the number of orders for performances exceeded pre-pandemic levels, and several sub-categories, such as concerts, sports events, and music festivals, achieved breakthrough growth. In terms of large-scale concerts, we provided on-site ticketing services as the general ticketing agents for a number of concerts featuring artists such as Jacky Cheung, Jay Chou, and JJ Lin. In addition, we continue to extend our business cooperation with large sports venues in various regions and various kinds of small and medium-sized performance venues, effectively providing these venues with ticketing solutions and services. To better serve various types of performance activities, we have upgraded the hardware system for ticket checking and validation, effectively supporting diverse categories of performance activities of varying scales and admission models in different regions across China. In terms of local entertainment, we continued to deepen our business collaborations with other platforms, for example, our entry interfaced with Meituan's leisure/play channel to exchange data, and our immersive and successfully premiered gaming drama Legend of the Pearl (明珠傳奇), for which we participated in the production/self-production. In addition, we continued to tap into the box office aftermarket of movie IPs to explore more commercial opportunities. We continued to make steady progress in expanding our ticketing-related business outside of mainland China. During the Reporting Period, we provided high-quality ticketing systems and operational services in Hong Kong for URBTIX, as well as served a number of large-scale performance projects in Hong Kong, including, among others, the You & Mi Sammi Cheng World Tour Hong Kong Station (You & Mi 鄭秀文世界巡回演唱會香港站), the 47th Hong Kong International Film Festival (第四十七屆香港國際電影節), and the FIVB Volleyball Nations League Hong Kong 2023 presented by China Life (Overseas) (中國人壽海外FIVB世界女排聯賽). Advertising Services and Others We continued to enhance and launch various self-owned promotion and distribution products and services and increase their commercial value. During the Reporting Period, the platforms we covered for collaboration purposes have expanded to a broader range, including gaming platforms, music platforms, travel terminals, and mobile manufacturers, allowing us to utilize diverse scenarios to enhance the promotion exposure and user coverage of movies while also providing channel-centric quality services for the promotion and distribution of the movies. In addition, in terms of movie content marketing services, commercial efficiency has been further improved, with the total number of movie projects served in the first half of the year reaching a new high, an increase of 85% compared with the same period last year. In terms of promotional data, we have integrated data from multiple channels, such as Douyin, Weibo, Kuaishou, WeChat, and Baidu, in order to achieve one-stop promotional data services. In addition to creating an industry-leading movie data system, our Maoyan Pro (貓眼專業版) has further refined its data visualization capabilities, addressing industrial pain points. For example, the "by province" box office map for the movies released during the Labor Day holiday assisted industry practitioners to analyze and interpret box office and market trends more clearly. Global Box Office Ranking (全球票房榜) has become the first in the industry to provide updates on box office performances across the global movie market on a daily basis. Given our Company's technology attributes and strong R&D prowess, we continued to explore the possibility of integrating new technologies such as AI into the entertainment industry, leveraging our technological capabilities to promote the development of the industry. We are currently evaluating and implementing the application of AI technology and products in several stages of the movie industry chain, including planning, production, promotion, marketing, and distribution. In the promotion and distribution stage, for example, we have been able to use AI technology to analyze and mine the relevant data including hotspot events to aid promotion and distribution strategies, guide the output of promotion and distribution materials, and produce promotion and distribution materials by using AI technology, thereby helping to improve marketing effectiveness. We have provided corresponding services for several movies, including Never Say Never (八角籠中), Lost in the Stars (消失的她) and Transformers (變形金剛). We continued to apply AI technology to strengthen our data analysis capabilities, and by using our AI big data model, we have improved the intelligence of Maoyan Pro (貓眼專業版)'s box office predictions. We also launched AI+ Movie & TV Entertainment related products aimed at relevant industry professionals, such as "AI Poster Assistant" (AI海報助手), "AI Outline Mapping" (AI 大綱配圖), and "AI Conceptual Drawing Service" (AI概念圖服務), etc., to help the industry understand and explore the integration of AI and movie & TV creation both as a space and in terms of its direction. In addition, we are also exploring the application of AI technology in pre- project planning and creation, such as employing AI data models to develop specific IP subjects and aid story analysis, providing plot clues and inspiration for the creative team. OUTLOOK Driven by the tremendous support of national policies under the strong leadership of the Publicity Department of the CPC Central Committee (中宣部) and the China Film Administration (國家電影局), the movie industry has been united in its determination to move forward, promoting the sustained recovery and development of the movie market. Since the beginning of the year, the industry has witnessed a full revival, achieving the second-highest same-period box office performance in China's movie history during both the Spring Festival and Dragon Boat Festival holidays. The summer season has also seen continuous growth. As of August 16, 2023, the box office for the summer season had surpassed RMB17 billion, the accumulated box office of 2023 had reached RMB39.7 billion. These achievements reflect the remarkable resilience and vitality of the Chinese movie market, greatly bolstering confidence across the industry. As one of the key participants in the entertainment industry, Maoyan is fully confident in the future of the Chinese entertainment industry. Embracing the opportunities arising from the recovery, we will adhere to the core development strategy of "Technology + Pan-entertainment" by continuing to deepen our presence in the pan-entertainment industry while constantly improving our core competitiveness and profitability to better serve high-quality movie content and contribute to the growth of the industry. In terms of entertainment content services, we will continue to maintain and leverage our leading advantages and capabilities in movie promotion and distribution. By upholding the strategy of "distribution drives investment," we will increase our participation in the lead distribution and production of blockbusters during key movie periods while maintaining outstanding business operations and financial performances. Live entertainment is one of our Company's strategic development focuses. By closely riding on the momentum of the strong market recovery, we will increase investments in key performance projects while continuing to enhance market participation and competitiveness. Furthermore, we will continue to strengthen the infrastructure and service capabilities of our movie ticketing business. Capitalizing on our comprehensive capabilities covering both technology services and the entertainment industry, we will continue to strengthen technological integration and exploration efforts in the entertainment industry. We will build our team armed with AI research and development capabilities to explore and implement AI technology in various segments across the entertainment industry chain. Additionally, we will leverage our technical advantages to drive the development of this entertainment industry. Furthermore, we will continue to consolidate our cooperation in the performance business in the Hong Kong region and further expand commercial cooperation in other countries and regions as part of our campaign to identify new growth opportunities for the Company's development. Last but not least, we would like to express our sincere gratitude to all of our colleagues, shareholders, and industry partners for their trust and support. Let us forge ahead together and contribute our efforts to promote the high-quality development of the entertainment industry and build China a major cinematic player. About Maoyan Entertainment Maoyan Entertainment (1896.HK) is a leading technology-driven entertainment company providing diversified services and valuable industry insights in China's pan-entertainment industry. The Company's mission is to make it easy to create, deliver, and enjoy great entertainment. Based on its core development strategy of "Technology + Pan-Entertainment", the Company has grown from an online movie ticketing service provider into an innovative one-stop platform with comprehensive entertainment services. Non-GAAP Financial Measures To supplement the consolidated results of the Company prepared in accordance with IFRS, certain additional non-GAAP financial measures (in terms of, operating profit, operating margin, profit for the period, net margin, profit attributable to equity holders of the Company, basic EPS and diluted EPS), have been presented in this press release. These unaudited non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company's financial performance prepared in accordance with IFRS. In addition, these non-GAAP financial measures may be defined differently from similar terms used by other companies. The Company's management believes that the non-GAAP financial measures provide investors with useful supplementary information to assess the performance of the Company's core operations by excluding certain noncash items and certain impact of M&A transactions. In addition, non-GAAP adjustments include relevant non-GAAP adjustments for the Company's material associates based on available published financials of the relevant material associates, or estimates made by the Company's management based on available information, certain expectations, assumptions and premises. Forward-Looking Statements This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website. Investor Relations Contact Maoyan EntertainmentEmail: ir@maoyan.com Piacente Financial CommunicationsHelen WuEmail: maoyan@tpg-ir.com Tel: +86-10-6508-0677
BEIJING, Aug. 17, 2023 /PRNewswire/ -- Datasea Inc., (NASDAQ: DTSS) ("Datasea" or the "Company"), a digital technology corporation engaged in three converging and innovative business segments in China: intelligent acoustics, 5G messaging, and smart city technology, announced the signing of a securities purchase agreement with an investor from China for an investment totaling $4 million. The shares were priced at $1.35 each, representing a substantial 125% premium over the current share price. Ms. Zhixin Liu, CEO of Datasea, expressed, "Securing this significant investment at a premium is a testament to our proven track record and the bright future ahead for Datasea. We are invigorated by the trust our investors have placed in us, and it further galvanizes our commitment to innovate and grow." Financing Details: The initial payment of $714,285.71 due within 5 business days from the agreement's effective date has been received by the Company. A subsequent payment of $3,285,714.29 is due on or before October 15, 2023. All securities purchased through this agreement will remain restricted for six months (180 days), emphasizing our commitment to long-term growth and shareholder value. The capital raised is earmarked for Datasea's strategic expansion into the US market, along with other corporate endeavors. About Datasea Inc.Datasea Inc., through its variable interest entity, Shuhai Information Technology Co., Ltd., a digital technology company in China, engages in three converging and innovative industries: intelligent accoutics, 5G messaging and smart city. Datasea leverages cutting-edge technologies in the realm of intelligent acoustics, especially harnessing the power of ultrasonic sterilization to combat viruses and prevent human infections. Alongside this, the company delves into innovations in directional sound. With a diverse product lineup, Datasea is devoted to enhancing the quality of life using sound-based solutions. Concurrently, as a preeminent solution provider, Datasea's 5G messaging application serves a broad spectrum of industries, regions, and small to micro enterprises throughout China. Datasea has been certified as one of the High-Tech Enterprises (jointly issued by the Beijing Science and Technology Commission, Beijing Finance Bureau, Beijing State Taxation Bureau and Beijing Local Taxation Bureau) and one of the Zhongguancun High Tech Enterprises (issued by the Zhongguancun Science Park Administrative Committee) in recognition of the Company's achievement in high technology products. For additional information, please visit: www.dataseainc.com. Datasea routinely posts important information on its website. Twitter @Dataseainc, https://twitter.com/Dataseainc. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond Datasea's control, which may cause Datasea's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to Datasea as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Datasea's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. Datasea does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. Investor and Media Contact: Datasea Inc. Investor relationsEmail: investorrelations@shuhaixinxi.com
GUELPH, ON, Aug. 17, 2023 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of its majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), will deliver 1,200 MWh (1,519 MWh DC nominal) of energy storage solutions to Recurrent Energy's Papago Storage project in Arizona. Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, is expected to begin construction on Papago Storage in the third quarter of 2024. Once operational, Papago Storage will be one of the world's largest standalone energy storage projects and the largest standalone energy storage project in Arizona. Papago Storage will utilize e-STORAGE's SolBank, a proprietary battery energy storage solution designed and manufactured for utility-scale applications. e-STORAGE will supply and commission the entire Battery Energy Storage System by integrating the SolBank with battery inverters and controls. e-STORAGE will also offer operations and maintenance services and comprehensive performance guarantees under a 20-year long-term service agreement to the project. e-STORAGE currently operates two fully automated, state-of-the-art, and industry-leading manufacturing facilities with an annual capacity of 10 GWh for 2023. As of July 2023, the Company has deployed more than 2.7 GWh of battery energy storage solutions across the United States, Canada, the United Kingdom, and China. The e-STORAGE team is fully equipped to continue providing high-quality, scalable energy storage solutions and contribute to the widespread adoption of clean energy. Yan Zhuang, President of Canadian Solar's subsidiary CSI Solar, commented, "We are excited to provide battery storage solutions to one of the most significant energy storage projects globally. The SolBank, our proprietary battery storage product, offers best-in-market product safety and cost competitiveness, and this agreement demonstrates our ability to provide battery energy storage solutions at scale and on a timeline that our customers require. Working with our partners at Recurrent Energy, we are pleased to expand into a new and growing market for energy storage and provide the much-needed flexible energy capacity to support a greener future for all." The contract is subject to final approval from the CSI Solar board of directors and shareholders. About Canadian Solar Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com. Safe Harbor/Forward-Looking Statements Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 18, 2023. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law. CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACTS Isabel ZhangInvestor RelationsCanadian Solar Inc.investor@canadiansolar.com David PasqualeGlobal IR Partners914-337-8801csiq@globalirpartners.com e-STORAGE MEDIA INQUIRIES Ally CoppleInnovant Public Relations713-201-8800Ally@InnovantPR.com
DUBAI, UNITED ARAB EMIRATES - Media OutReach - 17 August 2023 - Bybit, the world's third most visited crypto exchange, is thrilled to announce the successful start of its annual trading competition, the World Series of Trading (WSOT). The WSOT so far has shattered all expectations by attracting over 100,000 enthusiastic participants, marking a remarkable year-on-year growth of 46.5%. This surge in interest underscores Bybit's commitment to fostering a vibrant and engaging trading community. Over 857 squads are now competing head-to-head, showcasing their trading prowess in an intense battle for the highest team Profit and Loss (PNL). This year's squad participation has nearly doubled, boasting an incredible YoY growth of 85.5%. The grandeur of the WSOT is further amplified by its staggering $8 million prize pool that has yet to be claimed so there's plenty of time to still enter and get involved ahead of the grand finale where Bybit will give away a Lamborghini and Rolex on a live stream, scheduled for Aug. 24. "We're absolutely stoked about the success of this year's WSOT so far," said Ben Zhou, co-founder and CEO of Bybit. "The incredible increase in new and experienced traders joining in speaks volumes about our users' dedication and the buzz surrounding the event. It's a real source of pride for us to offer a platform that not only gives traders an edge but also creates a space where they can collaborate, learn, and trade with a global community." As the WSOT continues to capture the imagination of traders and crypto enthusiasts, Bybit remains steadfast in its mission to elevate the crypto-trading experience, fostering a thriving ecosystem of innovation, camaraderie, and skill. Hashtag: #BybitThe issuer is solely responsible for the content of this announcement.About BybitBybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team. For more information please visit: https://www.bybit.com For updates, please follow: Bybit's Communities and Social Media https://discord.com/invite/bybit https://www.facebook.com/Bybit/ https://www.instagram.com/bybit_official/ https://www.linkedin.com/company/bybitexchange https://www.reddit.com/r/Bybit/?rdt=51313 https://t.me/BybitEnglish https://www.tiktok.com/@bybit_official https://twitter.com/Bybit_Official https://www.youtube.com/c/Bybit
10.5.~8. 10,000+ startups, investors, etc. from major Asian cities expected to attend Expected to develop the Asian startup ecosystem, network, and create a co-investment platform Recruitment of companies to apply for 'FLY ASIA Awards' with a total prize fund of $180,000, 7.26.~8.22. SEOUL, South Korea, Aug. 17, 2023 /PRNewswire/ -- The city of Busan (Mayor PARK Hyung Joon), together with Busan Technopark and the FLY ASIA 2023 Committee, announced that the Asian startup expo 'FLY ASIA 2023' will be held from October 5-8 at Busan BEXCO Exhibition Center 2. FLY ASIA, held for the first time last year, is an event aiming to attract investment and support for promising Asian startups to expand overseas and exchanges between domestic and overseas startup ecosystems. This year, with the slogan "Connect Asia, Fly to the World," the theme is "From Cities to Startups," which reflects the determination that every city's problems can be solved by startups. The event will feature a variety of programs including opening and closing ceremonies, LP Summit and VC Forum, Open Innovation with large corporations, Scaleup Showcase, an IR pitching event, FLY ASIA Awards (a startup competition), conferences with keynote speeches and sessions on major trends in the startup ecosystem, and 1:1 meetups.. One of the main events, the FLY ASIA Awards, an innovative startup competition with the purpose of networking in the entrepreneurship ecosystem, is a program to discover promising Asian startups and support their global expansion through cross-regional business cooperation network opportunities and mutual cooperation. Applications will be accepted from participating companies until August 22 at 18:00. *Application: Click the AWARDS tab on the top of the FLY ASIA 2023 official website (WWW.FLY-ASIA.ORG) There are three categories, Fly Awards, Busan Initiative Awards, and CINE Fly Awards, and only participants can only apply for one category. CINE Fly Awards is a new category this year and is related to the movie and video content industry. 50 startups will be selected for the final round during the event. 10 finalists will receive a total of $180,000 in cash prizes and be matched with local and international investors to support their further growth. More information about FLY ASIA Awards, please visit the official websites of Busan Technopark and FLY ASIA 2023. FLY ASIA 2023, the second edition of the Asian startup expo, will be an opportunity to take a step closer to Busan, Asia's startup center.
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