SAFE Fertility Group Plc (SAFE) enjoys trading debut on SET

BANGKOK, Nov 2, 2023 – (ACN Newswire) – SAFE Fertility Group Plc, or SAFE, a comprehensive fertility clinic operator, made its debut on the Stock Exchange of Thailand (SET). The company has a strategy to build on its strengths in fertility treatment to achieve sustainable growth and become a leader in fertility treatment, genetic diagnosis of embryos, and wellness in Asia. In the first half of this year, the company reported strong earnings with net profit of over THB 87 million.

Dr. Wiwat Quangkananurug, a medical specialist in fertility treatment with assisted reproductive technology, as the Chief Executive Officer of SAFE, reported that the company’s shares were listed on the SET on November 2, 2023, under the service industry. This was after the company successfully offered 76,748,600 new shares to the public for the first time (IPO) at THB 21 per share. This is a major step for SAFE to support the company’s plans to expand its fertility treatment services and genetic laboratories to be more comprehensive. This will help fulfill the dreams of infertile people to have the opportunity to have the children they desire. SAFE will also help drive Thailand to be a destination for infertile people from around the world (Fertility Tourism), in line with the government’s policy to develop Thailand into an international health hub to drive the economy in the future.

In addition, the company has a strategy to drive the business to become a leader in fertility treatment, genetic diagnosis of embryos, and wellness in Asia. This will be achieved through the expansion of fertility clinics and fertility laboratories to partner hospitals with a nationwide network or to partner healthcare facilities in locations with economic and tourism potential. This will be done through commercial partnerships, joint ventures, and mergers and acquisitions. The company will also use modern and effective treatment technologies and continuously develop its service staff to promote its leadership. In addition, the company will communicate and build the “SAFE FERTILITY” brand as a leader in fertility treatment and embryo genetic diagnosis in Asia in a more aggressive way, such as through offline and online channels to consumers in Thailand and abroad, and through digital marketing. The company also plans to expand into other related businesses.

SAFE plans to use the proceeds from the fundraising to create sustainable growth potential in the future. In the near term, the company will relocate its Ramindra branch to a space in the Golf Channel Center golf driving range project on Ramindra Road. This will make it more convenient for customers and provide more comprehensive services, such as a modern and spacious genetics laboratory for the company’s scientists. The company expects to invest approximately THB 100 million in this project. The company is also considering the opportunity to invest in laboratories in private and government hospitals, and to partner with private hospitals in Thailand and abroad in the form of joint ventures.

The company’s operating results for the years 2023-2025 were THB 529.77 million, THB 561.96 million, and THB 729.32 million, respectively. The net profit for the same periods was THB 42.16 million, THB 78.23 million, and THB 161.73 million, respectively. For the first six months of 2023, the company had total revenue of THB 409.84 million, an increase of 9.4% from the same period of the previous year. The net profit was THB 87.4 million, a decrease of 3.89% from the same period of the previous year. The slight decrease in net profit was due to expenses incurred in preparation for the company’s listing on the stock exchange, which are one-time expenses.

“We are confident that SAFE will grow by leaps and bounds from its strong financial foundation and become a leader in fertility treatment, embryo genetic diagnosis, and wellness in Asia. We will help fulfill the dreams of infertile people by focusing on providing world-class services that are committed to patient safety with innovative and modern technologies,” said the CEO of SAFE.

Darin Kanjana, CEO of Optasia Capital, as the financial advisor, said that SAFE is a company with high business growth potential in the overall global fertility treatment market, which is growing significantly. It will be a Growth Stock that will generate good returns for investors. This is due to the company’s distinctive business model, which is mutually beneficial and will drive the company’s sustainable growth. The company also provides integrated full-service for fertility clinics that are certified to meet international standards for reproductive services.

She added that the company has 5 branches in key locations, has good relationships with hospitals, obstetrics and gynecology clinics, fertility centers, etc., and is well-known for treating infertile foreigners from countries such as China, India, Myanmar, Vietnam, Singapore, and Japan.

Pichet Sitthi-Amnuai, CEO of Bualuang Securities, as the underwriter, said that the IPO offering of SAFE was a total of 76.75 million shares at a price of THB 21 per share, with a total offering value of THB 1,611.72 million. It was well-received by both leading institutional investors and retail investors. This is because investors are confident in the business potential of SAFE, which is a leader in fertility treatment and is in an industry with high growth potential. The investors are also confident that the fundraising will strengthen the company’s financial position to expand its business as planned.

Furthermore, SAFE is committed to social activities. The company will consider the interests of stakeholders in various dimensions, including the company, employees, customers, the public, society, and various organizations. The company has projects to donate money to schools in need, donate medical equipment to hospitals, and donate THB 100 of service fees for every Qualify test to charity. Mr. Pichet is confident that SAFE will be a quality stock in the Thai capital market.

Visit: https://www.safefertilitygroup.com/en/home (SET: SAFE; SET: SAFE-R; SET: SAFE/F)

This press release is distributed by MT Multimedia Co., Ltd. for SAFE Fertility Group Pcl.
Please contact: Wasana Wongsiri (Jeab), Tel: +66 84-359-0659 or +66 2-612-2081 x131, Email: wasana.w@mtmultimedia.co

Colt completes $1.8bn acquisition of Lumen EMEA

LONDON, Nov 2, 2023 – (ACN Newswire) – Colt Technology Services (Colt), the digital infrastructure company, today announced it has completed the acquisition of Lumen EMEA for $1.8bn. The closure of the transaction is the final stage in Colt’s exclusive agreement with Lumen Technologies, Inc. to purchase Lumen’s Europe, Middle East and Africa (EMEA) business.

The transaction marks a pivotal point for Colt and brings renewed optimism to the European telecoms industry, providing greater choice and expansive global capabilities to enterprises investing in powerful, sustainable digital infrastructure as the driving force behind their organisations. It elevates Colt to one of the world’s largest business-to-business-only telecoms companies and an influential global player. Keri Gilder will remain as Colt’s CEO, supported by a skilled, diverse executive leadership team.

As part of the acquisition, Colt and Lumen Technologies, Inc. will enter into a partnership agreement which sees businesses in North America benefit from access to Colt’s award-winning digital infrastructure and services within and outside of North America.

Keri Gilder, CEO, Colt Technology Services said, “Closing this acquisition brings us to a momentous point in our growth journey and marks our deep commitment to our customers, helping them scale and grow. It brings us amazing new talent; extends our technology portfolio and our partner ecosystem; and significantly expands our digital infrastructure as we enter new markets across Eastern Europe, the UAE and parts of Africa.”

She continues, “Our industry is on the cusp of groundbreaking transformation; it must deliver a digital roadmap for a hyperconnected global society in a responsible, fair and equitable way. As a pioneer for sustainable networks, the acquisition makes Colt one of the most powerful voices in the industry. It gives us the opportunity to lead the industry in driving purposeful, meaningful change to protect our people and our planet.”

“Colt has always been relentless about delivering brilliant experiences to business customers,” said Camille Mendler of Omdia. “That mission has now gained wider global scale at a critical time. Enterprises worldwide need steadfast partners to navigate profound changes in digital consumption including network-as-a-service, zero-trust security and hybrid cloud computing.”

Customers will benefit from Colt’s existing suite of award-winning technologies featuring On Demand and SD WAN alongside an extended portfolio of new services including new security technologies; market-leading SASE products; managed hosting and professional services, as well as:

– 1,300 new customer-focused employees across 16 countries

– 1,630,031 kilometres of fibre connecting 125 European cities in 34 EMEA countries

– 11,000 kilometres of metropolitan network in 23 countries and the UAE

– 12 cable landing stations in six countries

– 10 subsea cable systems – six transatlantic and four within Europe

The acquisition – which brings Colt 2,700 customers including blue chip corporations, leading enterprises and public sector customers – sees Colt expand the reach of its services via PoPs (Points of Presence) in Dubai, Estonia, Greece, Iceland, Israel, Kenya, Serbia, Slovenia, South Africa and Turkey.

The acquisition closes as Colt’s latest brand research highlights businesses’ plans to extend their digital infrastructure outside their existing markets. Questioning 1,100 senior IT decision makers across APAC, Europe and the US, Colt found 44% planned to extend their digital infrastructure to Europe and 40% to APAC. More than one in three (35%) plan to extend it to the Americas; 29% to the Middle East; and almost one in four (24%) plan to expand their network to Africa.

Keri stated, “Technology companies that will thrive in the future will be those with scale, adaptability and a strong sense of purpose. We’ve worked hard to build these capabilities. By staying true to our culture and commitments and building our business around our customers’ success, we’re ready to write the next chapter in our story.”

About Colt Technology Services

Colt Technology Services (Colt) is a global digital infrastructure company which creates extraordinary connections to help businesses succeed. Powered by amazing people and like-minded partners, Colt is driven by its purpose: to put the power of the digital universe in the hands of its customers, wherever, whenever and however they choose.

Since 1992, Colt has set itself apart through its deep commitment to its customers, growing from its heritage in the City of London to a global business spanning 38 countries, with over 6,000 employees and more than 80 offices around the world. Colt’s customers benefit from expansive digital infrastructure connecting 32,000 buildings across 230 cities, more than 50 Metropolitan Area Networks and 230 Points of Presence across Europe, Asia, the Middle East, Africa and North America’s largest business hubs.

Privately owned, Colt is one of the most financially sound companies in the sector. Obsessed with delivering industry-leading customer experience, Colt is guided by its dedication to customer innovation, by its values and its responsibility to its customers, partners, people and the planet. For more information, please visit www.colt.net

Press Contact:
Anne Amlot – Head of PR
+447899 950730
Anne.Amlot@colt.net

Stella Wins Shareholders’ Nod in EGM for PTM Acquisition & Strategic Changes

KUALA LUMPUR, Nov 2, 2023 – (ACN Newswire) – Stella Holdings Berhad (“Stella” or the “Company”), an experienced player in the field of construction, property investment, and property development, is pleased to announce that all resolutions set forth at its Extraordinary General Meeting (EGM) have received endorsement from shareholders. Notably, a significant resolution encompassing the acquisition of Pembinaan Teguh Maju Sdn Bhd (“PTM”) was approved unanimously.

Datuk Benson Lau, Managing Director of Stella

The acquisition of PTM comes with considerable promise and far-reaching implications for Stella. Valued at a total purchase consideration of RM380.0 million, PTM will become a wholly-owned subsidiary of Stella. This acquisition is especially noteworthy given PTM’s RM1.16 billion worth of outstanding orders in areas such as roadworks, building construction, and mechanical and electrical projects. Furthermore, PTM has submitted quotations and is in discussions for contracts totalling approximately RM1.78 billion, amplifying the earnings potential over the next three financial years.

PTM also provides a profit guarantee of RM120.0 million for the financial years ending 30 June 2024, 2025, and 2026 on an aggregate basis to the Company.

The EGM also endorsed a significant private placement of up to 50.0 million shares, equating to around 74.63% of the current total number of issued Stella shares or 11.99% post-acquisition. This initiative aims to raise RM40.0 million for necessities like construction materials, labour costs, and subcontractors.

Complementing this acquisition, Stella Holdings Berhad will undergo a rebranding to become Varia Berhad, a change that encapsulates its wider vision and growth objectives.

After the conclusion of the EGM, Datuk Benson Lau, Managing Director of Stella, commented with enthusiasm: “Our unanimous decision to acquire PTM marks a pivotal moment for Stella. This new addition brings a vast RM1.16 billion worth of outstanding orders into our portfolio, thereby solidifying our growth prospects. PTM’s strengths in civil engineering, roadworks, and various infrastructure projects represent a perfect strategic alignment with our existing operations. We are also emboldened by our shareholders’ resolute support for our ambitious private placement and rebranding initiatives. Their unwavering confidence empowers us to aim higher and execute our strategic roadmap to fruition.”

As at 2 November 2023, 12:30 P.M., Stella Holdings Berhad’s share price is RM1.07 with a market capitalisation of RM71.7 million.

Stella Holdings Berhad: 5006 [BURSA: STELLA], https://stella-holdings.com.my/

19th Edition Cyber Security Summit: Securing Australia’s Digital Future

SYDNEY, AU, Nov 2, 2023 – (ACN Newswire) – Australian businesses have grappled with a concerning surge in phishing attacks, reporting a staggering 90% success rate in 2021/22 – the highest globally and a significant 53% increase from the previous year. This alarming trend poses multifaceted challenges. The foremost concern lies in elevating employee awareness to recognize and respond to phishing threats effectively, requiring comprehensive training efforts.

Firms must fortify their cybersecurity measures, including email filtering systems and multi-factor authentication. Regulatory compliance, especially regarding data protection laws and incident reporting, becomes more critical as phishing incidents rise, highlighting the urgent need for holistic cybersecurity strategies and proactive compliance measures as organizations aim to safeguard sensitive data in an evolving threat environment.

About the 19th Edition of Cyber Security Summit, Australia:

In light of this, the 19th Edition of the Cyber Security Summit, Australia is a vital event strategically aligned to confront and guide organizations in overcoming the pressing cyber security challenges This event will provide a comprehensive coverage of a spectrum of cyber threats, notably addressing the alarming surge in phishing attacks.

Join us at Hyatt Regency Sydney and hear from the leading IT professionals who will share insights on emerging technologies, strategies, action plans, and best practices for creating a flexible digital organization. Our agenda includes panel discussions, industry keynote presentations, and solution demonstrations, all designed to help IT leaders map out the most effective strategic direction.

An exclusive, by-invitation event, this summit presents a unique opportunity for crucial IT decision-makers to engage in face-to-face interactions. With its core theme of ‘Creating the Blueprint for Ensuring Australia’s Digital Future,’ the conference encourages collaboration, tackles challenges, and shapes the trajectory of Australia’s digital landscape.

What Exciting Topics Can You Expect to See on the Agenda for the Cyber Security Summit?

Australia Aims to Be World’s ‘Most Cyber-Secure’ Country
GPT & Generative AI: Weighing The Benefits And Risks In Cyber Security
How Will “Hack The Hackers” Help Prevent Data Breach Waves?
Ransomware Is Changing – Are You Ready?
OT Data & Security in the Cloud: An Evolving Paradigm
Improving Public-Private Mechanisms For Cyber Threat Sharing & Blocking

The Cyber Security Summit, Australia will be attended by top executives and leaders like CISO, CIO, CTO, CDO, Heads of IT, Heads of Digital Solutions, Head of IT Infrastructure, Heads of Information security from a variety of industries. Moreover, Digital Advisors can also benefit from this event by getting a chance to learn, network and collaborate with the brightest minds in the industry.

For more information on Cyber Security Summit, visit https://exito-e.com/cybersecuritysummit/australia/

About Exito

Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.

Contact:
Kasturi Nayak
Sr. Executive
Marketing Team
kasturi.nayak@exito-e.com
Exito Media Concepts

Verofax Wins at Emirates Global Aluminum Ramp-Up Programme 2023

ABU DHABI, UAE, Nov 2, 2023 – (ACN Newswire) – Verofax, an award-winning product validation and traceability solution provider, is thrilled to announce its selection as one of the top three winners of the Emirates Global Aluminum (EGA) Ramp-Up Programme. The programme attracted over 600 startups from around the globe, all vying for a chance to make a significant impact in the industry.

About the EGA Ramp-Up Programme

Emirates Global Aluminum, the largest industrial company in the United Arab Emirates outside of oil and gas, initiated the EGA Ramp-Up Programme to nurture the next generation of entrepreneurs. These businesses are expected to contribute to economic growth and job creation, particularly in the realm of low-emission commodity exports.

The programme, supported by C3, consisted of a three-month series of customized workshops focusing on business and impact for 20 finalist startups. These workshops were aligned with EGA’s strategic objectives of promoting growth and sustainability.

Verofax’s Unique Contribution

Verofax’s commodity validation and traceability solution empowers exporters to automate compliance and streamline border clearance at customs in regulated markets. This is particularly crucial given the European Union’s recent introduction of Carbon Border Tax regulations, which impose tariffs of up to 35% on non-compliant exporters of high-emission commodities like steel and aluminum.

Wassim Merheby, CEO of Verofax, said, “We are very excited to have won the EGA challenge for Growth and Impact. This win underscores EGA’s commitment to low-emission commodity manufacturing. We are thrilled to promote regional exports from the Middle East with our seamless validation and traceability solutions. The EU imports of targeted high-emission commodities amount to over $80 billion, mostly catered today by China and Russia. The new regulations open doors for near-shore exporting countries like the UAE and Saudi Arabia to benefit and increase exports.”

A Commitment to Sustainability and Growth

Abdulnasser bin Kalban, Chief Executive Officer of EGA, said, “Our goal with EGA Ramp-Up is to contribute further to the UAE’s economic diversification and development by supporting innovative young entrepreneurs to launch their impact-driven and sustainability-focused businesses. We hope our support will enable these companies to thrive and that some may even become EGA suppliers, further increasing our local procurement and supporting ‘Make it in the Emirates’ and achieving the UAE’s Operation 300bn industrial growth strategy.”

As part of the Entrepreneurial Nation strategy, EGA Ramp-Up supports achieving the Centennial 2071 goal of increasing entrepreneurship in the UAE.

“These startups represent some of the most promising talent in the UAE, and C3 is thrilled to have partnered with EGA to equip them with the tools needed to accelerate their businesses. Through our tailored mentorship programme, we have nurtured their growth trajectory, enabling them to create lasting impact,” said Kevin Holliday, Managing Director of C3 – Companies Creating Change.

About EGA

EGA is a global leader in aluminum production, with operations in Abu Dhabi and Dubai, an alumina refinery in Abu Dhabi, and a bauxite mine and associated export facilities in the Republic of Guinea. EGA is committed to reaching net-zero greenhouse gas emissions from its operations and supply chain by 2050. Visit http://www.ega.ae/en/ramp-up.

About Verofax

Verofax is a compliance and commerce SaaS solution provider, validated by Microsoft and holding four patents on AI analytics that enable intelligent supply chain and operations. Fortune 100 enterprises across 50 markets have adopted Verofax solutions for securing their supply chain and connecting directly to customers. Verofax is committed to achieving Net Zero by 2025 and promotes global offset and community relief projects across the globe. Visit https://verofax.com.

For media inquiries, please contact:
Wassim Merheby
CEO, Verofax
Email: info@verofax.com

How the Valo Hyperfoil is playing a leading role in the marine mobility revolution

Why is foiling the future, and how can it give you the ride of your life? How one visionary company started with those questions and let their ideas take flight.

Valo Hyperfoil is a two-person electric foiling PWC (personal watercraft) that seamlessly combines an exhilarating experience with visionary design

Tech start-up Valo has revealed more details of its revolutionary new personal watercraft, the Valo Hyperfoil. This unique new product has already seen immense demand from consumers, with the limited production run of Founder’s Edition vehicles to be built in 2024 already being oversubscribed by 300%. The general production run is scheduled for 2025 with pre-orders currently open.

The Valo Hyperfoil is a two-person, high-performance, all-electric thrill ride that marks the evolution of the jet ski. Having moved from concept to first prototype in a matter of months, the rapid pace of development matches the scintillating performance and handling that it offers riders. The craft features a twin-foil setup with a 45kW drive motor and proprietary Skyride flight stabilization system.

With retracting foils, the Valo Hypefoil is easy launched and transportable on a standard trailer

Inspired engineering

It’s a dream that Ed Kearney – the company’s founder and CEO – has held since childhood when his father showed him a video of an early foiler. “I was about 12 or 13 years old, and my dad – who was an inventor kind of guy – showed me this video of some MIT students who had built a pedal-powered hydrofoil boat that broke the world record for a human-powered boat because it was so efficient,” Kearney says. “I remember asking myself, why aren’t all boats like this? Here is a technology that can completely revolutionize how we transport things on the water by making them ten times more efficient and incredibly comfortable at the same time”.

Born and raised in Australia and studying engineering before moving to California seven years ago, Kearney noticed that there was not much in the way of commercial hydrofoil development. “So I said why don’t we just do this? I wanted to create something no one else was making, because it was captivating and the world needed it.”

Taking flight

It is these cues from other industries, and drawing on the expertise of people like pioneering foiling naval architect Paul Bieker who serves as a consulting designer on Valo’s designs, that have led to the rapid development of the Valo Hyperfoil. The team – which was joined in early 2023 by CTO Reo Baird, a tech entrepreneur and boat fanatic who had previously been developing foiling boats with the company Navier – moved from concept to prototype in just six months, showing not only the pace and flexibility of an agile start-up but also proving that the concept was built on rock-solid design and engineering principles.

Since then, the team has tweaked the design to further enhance the experience for riders, moving to a twin-foil canard system for the foils aligned fore and aft on the centreline, and with the aft strut also housing the shaft-driven propulsion unit. The new design has resulted in 33% less strut drag than the alpha prototype while conferring improved stability and agility, and an increased maximum bank angle. Anhedral (swept-down) wings now deliver 30% more roll authority and contribute to the improved max bank angle.

The Valo Hyperfoil is fully computer stabilized

Technological two-step

At the core of the Valo Hyperfoil’s performance is the clever foil package and shaft-driven propulsion system, which can propel the craft at a max speed of 35 knots while offering over two hours of endurance, good for more than 60 miles on a single charge. When combined with the proprietary Skyride active stabilization software, the Valo Hyperfoil represents a double step forward in marine mobility.

Skyride is developed fully in-house and has the role of keeping the vehicle stable as it slices through the water and waves. Hydrofoil vehicles are inherently unstable and hard to control since their center of gravity is very high above the point of support, just like walking on long stilts or riding a unicycle – balancing something very top-heavy is hard. Added to that, the vehicle has to operate very close to the surface of the water without going too high or too low.

Skyride solves this by combining data from various sensors around the Valo Hyperfoil and using aerospace derived algorithms to deliver hundreds of micro-adjustments per second to the various mechanical actuators that control the craft to keep it stable and agile.

“The Valo Hyperfoil is fully computer stabilized, and when you turn it enters into what’s called a coordinated banked turn,” CTO Reo Baird explains. “Think of it exactly like when a plane banks and turns, you don’t feel you are being pushed out of the turn and your coffee doesn’t spill because the forces run straight up and down through your vertical axis. This is how the Valo Hyperfoil turns using the Skyride software, and it’s truly exhilarating – and it allows for tight, highly precise turns. Making it feel good is not that straightforward – it’s something we’ve worked on a lot and it’s something we’ve solved!”

The software also allows for various modes – normal and sport, for example – while including full safety features. “The sport mode is designed to deliver much more exhilaration with sharper and harder handling,” says Baird, “but there are also lots of safety elements at the limit to make sure you can’t roll the Valo Hyperfoil over or crash. The software does have a more controlled hand in how the Valo Hyperfoil behaves,” he adds, “but we also want to make sure the driver feels like he is controlling the vehicle. It’s not like using cruise control on a car – it’s heavily weighted to the inputs on steering and throttle from the rider but while maintaining full stability to keep it safe. It’s a very delicate balance and it’s one I think we’ve struck perfectly.”

Practical magic

Central to the ethos of the Valo Hyperfoil is not only to make it as thrilling and as enjoyable as possible, but also to focus on reliability, robustness and practicality. What this means in practice is that construction will draw on high-quality parts, from carbon fiber, titanium and stainless steel for the body construction to selecting known suppliers for the components – the battery system and electric motor, for example, are being sourced from experienced manufacturers in the US and UK respectively.

Further, the team has considered how the Valo Hyperfoil is likely to be used when designing key elements. Not only is the Valo Hyperfoil trailerable on a standard rig, it can also be beached just like a conventional jet ski thanks to a lifting front canard – the foil slots into a recess in the hull – and a rear strut that tils similar to an outboard, allowing for shallow water propulsion. “It may not seem as simple as having a vertical lifting rear element,” says Kearney, “but the truth is those vertical lifting struts with drive elements can be a nightmare for jamming down or up. Our solution is both highly reliable and highly practical, which means riders can focus fully on the fun without fear of something going wrong.”

What’s more, the nod to sustainable boating with zero emissions, noise and wake means Valo Hyoerfoil riders will be able to explore places that other personal watercraft can’t access – and be able to do so without disturbing other people in the same area. This, perhaps, is as much the leap forward in personal water mobility as the design and hyperformance of the Valo Hyperfoil itself.

Future present

As Valo Hyperfoil moves toward production, with delivery of the first Founder’s Edition models scheduled for 2024, the company is celebrating the pre-launch success of their creation – they have taken more than US$3.3 million in advance orders already. They are also well into the development of a new product range for boat builders so they can easily enter the electric foiling era.

“It very much feels like the dawn of a new age for the marine industry,” says CTO Reo Baird. “It’s clearly the right time and place for the marine industry to make this move forward toward a new type of marine mobility.”

“It’s clean, with zero emissions, zero noise and zero wake; it’s fun, because you can enjoy exhilarating hyperformance in a wide range of sea conditions; it’s safe and comfortable because the Skyride software takes care of everything; and it’s practical, because you can do everything and go anywhere a conventional jet ski can go, and more besides,” Baird concludes. “It’s the future, and it’s right here, right now. We’re very excited to be moving into the production phase, and from the number of orders we’ve already received I think there are a lot of excited people out there too.”

As Kearney himself will tell you, “The Future is Foiling.”

About Valo

Valo is a marine technology start-up backed by the accelerator Y Combinator, Fifty Years, as well as Chris Sacca’s Lower Carbon Capital and former Meta CTO Mike Schroepfer. Their mission is to build the future of clean water transportation by using hydrofoil technology.

For more information: https://www.ridevalo.com/

PRESS OFFICE / SAND PEOPLE COMMUNICATION
sandpeoplecommunication.com
Melissa Nasuelli
valo@sandpeoplecommunication.com
m. +39 345 4480252

JE Cleantech Holdings Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement

SINGAPORE, Nov 1, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (NASDAQ: JCSE) (“JE Cleantech” or the “Company”), a Singapore-headquartered cleantech company, announced today that it has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum bid price requirement under the Nasdaq Listing Rule 5550 (a)(2) for continued listing on The Nasdaq Capital market. The Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.

To regain compliance, the Company initiated a 1-for-3 Share Consolidation so that each outstanding ordinary share became 1 share (“Reverse Stock Split”), and the total number of authorized Ordinary Shares was reduced from 15,020,000 to 5,006,666 and the par value per share increased from $0.001 to S$0.003.

Following the Reverse Stock Split, the daily closing bid price of the Company’s ordinary shares remained above $1.00 per share for ten consecutive business days from October 16, 2023 to October 27, 2023. Consequently, the Company is now in compliance with all applicable Nasdaq listing standards and the prior bid price deficiency matter is now closed.

About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the Company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications, primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high-pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.

Disclaimer: Forward looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future effective date and intended effects of the reverse stock split, including whether the reverse stock split will increase the price, marketability, liquidity, and investor appeal of the Company’s Ordinary Shares and the Company’s ability to maintain the listing of its Ordinary Shares on Nasdaq. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “aim,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “continue” or similar expressions.

Forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on JCSE’s management’s current expectations and beliefs, as well as assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and JCSE is not under any obligation and expressly disclaims any obligation to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Readers should carefully review the statements set forth in the reports which JCSE has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”).The documents filed by JCSE with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

Contact:
Jason Long
Email: enquiry@jecleantech.sg
Tel: +65 63684198
Other number: +65 66029468

Society Pass Inc (Nasdaq: SOPA) Awarded the 2023 APEA Fast Enterprise Award for E-Commerce Category

SINGAPORE, Nov 1, 2023 – (ACN Newswire) – Society Pass Incorporated (“SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next-generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that it received the Enterprise Asia’s 2023 “Fast Enterprise Award for E-Commerce” award. The Asia Pacific Enterprise Awards (APEA) ceremony was held on 05 October 2023 at the Log Hotel in Ho Chi Minh City, Vietnam.

SoPa CFO, Tan Yee Siong, accepting Fast Enterprise Award for E-Commerce

Through the prestigious APEA programme, Enterprise Asia recognizes entrepreneurial excellence throughout the Asia Pacific region. APEA aims to band leading entrepreneurs and organizations across Asia to spur greater innovation, fair practices and growth in entrepreneurship, creating a successful entrepreneurial ecosystem which will then shape Asia to sustainable economic and social growth. APEA honors business leaders and organizations who have shown outstanding performance and tenacity in developing successful businesses, whilst not neglecting the social responsibilities that come with leadership.

Tan Yee Siong, Chief Financial Officer of SoPa, comments, “We are very proud to receive this Fast Enterprise Award for the e-commerce category from Enterprise Asia. It is a reflection and recognition of the effort and hard work that our teams across the ecosystem deliver daily. We significantly invest into recruitment, training and implementing best practices across our operations. The benefits are already reflected in the growth of our company, but it is especially rewarding to be recognized for those efforts by APEA. We continue to deliver and hope to be nominated again across other categories in the years to come.”

Kevin Vong, Executive Director of Enterprise Asia, said, “APEA’s goal is to recognize enterprises and business leaders who have shown outstanding track records, perseverance and growth. It is our great pleasure to congratulate Society Pass Incorporated for being selected as the winner under the e-Commerce Industry of the prestigious Asia Pacific Enterprise Awards (APEA) 2023.”

About Enterprise Asia

Enterprise Asia is a leading non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. For more information on Enterprise Asia, please visit: https://www.enterpriseasia.org/.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.6 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, Vietnam’s leading provider of hotel management and payment solutions; Gorilla Global, a Singapore-based, mobile network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; and NextGen Retail, a Indonesia-based e-commerce platform.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
Rokas Sidlauskas
Chief Marketing Officer
rokas@thesocietypass.com

DC Healthcare Unveils Innovative Skincare Range ‘newB’ Under Subsidiary Ten Doctors Sdn Bhd

KUALA LUMPUR, Nov 1, 2023 – (ACN Newswire) – DC Healthcare Holdings Berhad (“DC Healthcare” or the “Company”), an aesthetic medical services provider specialising in the provision of non-invasive and minimally invasive procedures, announced today the launch of ‘newB,’ a state-of-the-art skincare line developed by its subsidiary, Ten Doctors Sdn Bhd (10DRS). The new range is segmented into two categories: newB Premium Ageless and newB Premium Hydration, both formulated to set new standards in skincare efficacy.

Dr. Chong Tze Sheng, Managing Director of DC Healthcare

Engineered with the revolutionary ingredient DiamondC60™, the newB Premium Ageless range delivers potent anti-ageing benefits. This ground-breaking ingredient contains Japan Quality Fullerene “The First Natural Fullerene in Malaysia directly from Japan”, exhibits superior anti-oxidative performance compared to traditional anti-ageing components like Vitamin C.

In parallel, the newB Premium Hydration collection is empowered by the innovative 7HA Boost Complex. This advanced formulation incorporates seven distinct molecular sizes of hyaluronic acid and FUCOGEL®, ensuring ultimate water-boost for lasting healthy, soft and plump skin.

Dr. Chong Tze Sheng, Managing Director of DC Healthcare, stated, “The launch of newB is a strategic move in diversifying our healthcare portfolio. Our skincare products are developed with scientific precision, catering to the evolving skincare needs of our clientele. These new product lines not only contribute to our revenue streams but also enhance our reputation as a comprehensive healthcare provider. We are particularly encouraged by the commercial applications of DiamondC60™, an ingredient that we believe will set new industry standards.”

Amid projections for the Malaysian aesthetic medicine market to register a CAGR of 18.8% from 2021 to 2027, the introduction of newB resonates with DC Healthcare’s commitment to innovation and excellence. The new skincare ranges are available for purchase through multiple online platforms, including Shopee, Lazada, TikTok shop, and Watsons Malaysia Online Store.

Moving forward, DC Healthcare will continue to focus on its core business, which includes aesthetic services and innovative healthcare solutions like newB. The Company plans to expand existing clinics, invest in cutting-edge technology, and fortify its team of medical professionals to capitalise on the growth opportunities presented by the aesthetic medicine market.

As at 31 October 2023, the share price of DC Healthcare stands at 0.52 sen per share, reflecting a market capitalisation of RM518.1 million.

For more information, please visit this LINK.

Euroasia Total Logistics Pcl (ETL) makes debut on SET

BANGKOK, Nov 1, 2023 – (ACN Newswire) – Euroasia Total Logistics Pcl (ETL), a comprehensive cross-border transportation carrier, made its debut on the Stock Exchange of Thailand (SET) on November 1, 2023. The first Thai stock to operate a cross-border logistics business, ETL plans to expand its service capabilities, develop technological systems, and invest in vehicles, container yards, and both dry and reefer containers. The company is committed to being a comprehensive and flexible logistics provider, reaffirming its position as “The Cross-Border King.”

Ms Krishavan Chuecharoenchai, Managing Director of Euroasia Total Logistics Pcl (ETL), reports that the company’s shares were listed on the SET on November 1, 2023, in the transportation and logistics business sector under the ticker “ETL”. The company operates a cross-border logistics business between Thailand and countries in Southeast Asia, Hong Kong, and China. ETL is also committed to linking cross-border logistics to Europe in the future. Miss Krishavan expects that ETL will be one of the stocks that attracts investor interest.

The company plans to use the proceeds from its IPO, after deducting related expenses, to expand its business, aiming to become a comprehensive and flexible logistics provider that meets customer needs with the adoption of resourcefulness. The proceeds will be divided into three parts:

1.) 70% for business expansion, including investments in vehicles (prime movers and semi-trailers) to expand transportation capacity, temperature-controlled containers (Reefer Container) and standard containers (Dry Container), container yards to store containers, park vehicles, and repair and maintain the company’s assets, as well as investments in transportation management systems to support increased services.

2.) 20% to repay payable and loans, including repayment of payable from the business acquisition in 2021 and repayment of loans from financial institutions to reduce financial costs.

3.) 10% as working capital to support the company’s expansion.

The Managing Director of ETL says that the business expansion is a major opportunity for the company to grow rapidly in the future. The company plans to expand its customer base to new groups, especially fruit, pharmaceutical, and medical products. These products have a limited shelf life and require efficient, reliable, and timely transportation. ETL can provide safe and quality transportation services that meet customer needs. The company also plans to increase the number of vehicles to support future growth. With its experience and customer base, ETL plans to expand the number of prime movers and semi-trailers, as well as invest in reefer containers to meet customer demand. The company also plans to develop infrastructure to connect cold chain logistics systems. This will add value to services and improve quality by focusing on maintaining the original quality of products until they reach the end customer.

“The founding executives of the company are all confident in the cross-border logistics business. Over the past few years, ETL has grown organically with the support of our customers. Our goal is to enter new markets and expand our customer base. We will continue to grow both organically and inorganically. ETL is ready to be a growth stock for investors,” says Miss Krishavan.

ETL has the potential to grow significantly due to its business plan to add value to its transportation services by expanding into temperature-controlled logistics. According to a recent analysis, the value of Thai agricultural and food exports is over THB 200 billion. This shows the potential demand for temperature-controlled transportation, such as fresh and chilled fruits, which are important Thai exports to China. ETL has a network and businesses in these countries, so it sees the opportunity to grow significantly, not just in the next 3-5 years, but in the long term. This is a key difference compared to other companies in the industry.

Press release distributed by MT Multimedia Co., Ltd. on behalf of Euroasia Total Logistics Pcl.
For more information, please contact: Thiyaporn Sriadunphan (Dah), Tel: +66 (0)87 556 6974, Email: thiyaporn.s@mtmultimedia.com