Hong Kong delegation to ASEAN pushes collaboration into top gear

KUALA LUMPUR, Jul 28, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC)-organised delegation, led by Hong Kong Special Administrative Region (HKSAR) Chief Executive Mr John Lee and accompanied by Principal Officials, today concluded a week-long visit to Singapore, Indonesia and Malaysia. Delegates and representatives of the three Association of Southeast Asian Nations markets signed more than 30 memorandums of understanding signalling closer cooperation based on a shared vision of prosperity and development in Asia.

Dr Peter K N Lam, HKTDC Chairman addresses Malaysia-Hong Kong: Partnering for Success. The event,
hosted by the HKTDC today, drew significant pledges to foster deeper economic and cultural links
between Hong Kong and Malaysia

During the visit to Singapore, the Hong Kong delegation visited Meinhardt Group to learn about their
latest developments in technology application, sustainable development, and green finance

Dr Peter K N Lam (4th L), HKTDC Chairman, concluded the ASEAN trip of the Hong Kong delegation
in Kuala Lumpur, expressing that the visit had been highly fruitful.

More than 30 senior executives from Hong Kong's leading chambers, organisations, enterprises and conglomerates joined the delegation to strengthen ties, expand networks and discuss collaboration opportunities riding on new policies in Hong Kong to attract investment and talent, as well as the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Belt and Road Initiative and new cooperation agreements such as the Regional Comprehensive Economic Partnership (RCEP).

Dr Peter K N Lam, Chairman of the HKTDC, said: "The objective of our mission is to introduce Hong Kong's latest developments and new policies to attract businesses and talent, as well as the opportunities arising from the GBA, the Belt and Road Initiative, which celebrates the 10th anniversary this year, and cooperation agreements such as RCEP. We aim to help Hong Kong businesses expand into markets, as well as attract more ASEAN companies to set up offices in Hong Kong, and to collaborate with Hong Kong and Mainland Chinese companies based in Hong Kong to expand into the GBA, Mainland China and other overseas markets. At the same time, enterprises from ASEAN markets can expand and find new opportunities by leveraging the Hong Kong platform."

Dr Lam said the more than 30 MoUs signed between enterprises and organisations of Hong Kong and Singapore, Indonesia and Malaysia paved the way for deeper and broader collaboration in the future.

"During our visits, we had the opportunity to exchange ideas with leading enterprises and the Chinese ambassadors, gaining a deeper understanding of future developments and local government policies. I hope our delegates can share their insights with the Hong Kong business community to help to open up new opportunities for businesses large and small," he added.

Since 1966, the HKTDC has created business opportunities between Hong Kong and the world, promoting Hong Kong as an international business and financial hub and gateway to China through outreach such as organising delegations, international trade fairs and industry conferences, as well as enabling small and medium-sized enterprises and start-ups.

7 MOUs were signed at the business dinner in Singapore: (https://bit.ly/43Ta02c)
– HKTDC and Singapore Business Federation (SBF)
– InvestHK and Blockchain Association Singapore (BAS)
– Hong Kong Science & Technology Group (HKSTP) and Global Entrepreneurship Network (GEN)
– CCB International (Holdings) Ltd and Mirxes Holding Company Limited
– HSBC and Keppel
– City University of Hong Kong and National University of Singapore (NUS)
– Xgate and Singapore Retailers Association (SRA)

15 MOUs and SPA (share purchase agreements) were signed at the business luncheon in Jakarta: (https://bit.ly/4557err)
– HKTDC and Indonesian Ministry of Trade
– HKTDC and Indonesian Ministry of Industry
– HKTDC and KADIN
– InvestHK and KADIN
– Hong Kong Observatory and The Agency for Meteorology, Climatology, and
– Geophysics of the Republic of Indonesia (BMKG)
– HKEX and Indonesia Stock Exchange (IDX)
– [SPA] Value Partners Group and STAR Asset Management
– BOC International Holding Ltd, BOC HK Jakarta Branch and Tsingshan Industry
– BOC International Holding Ltd, BOC HK Jakarta Branch and J&T Jitu Express
– Chinese Asset Management Association of Hong Kong (HKCAMA) and Indonesia Asset
– Management Association
– CCB International (Holdings) Ltd and J&T Jitu Express
– Hong Kong Aerospace Technology Group and Bakrie & Brothers
– HSBC and Hutchison Ports Indonesia
– Media Asia Group Holdings Limited and MNC Media & Entertainment
– Templewater Limited and China International Marine Containers (Group) Ltd. (CIMC)
– and Eternal Tsingshan Group Ltd

11 MOUs were signed at the business luncheon in Kuala Lumpur: (https://bit.ly/3DyZfaw)
– HKTDC and MATRADE
– HKTDC and NCCIM
– MTR Corporation Limited and Mass Rapid Transit Corporation Sdn. Bhd. (MRT)
– Federation of Hong Kong Industries and Federation of Malaysian Manufacturers
– FWD Group Holdings Limited (FWD Group) and FWD Insurance Berhad (FWD Insurance)
– HSBC and Gobi Partners
– WeLab Group and HSBC
– City University of Hong Kong and Malaysia Digital Economy Corporation
– A&A (Digital business consulting) Limited and MyTOWN Shopping Centre
– Shangri-La International Hotel Management Pte Ltd and Far East Group
– CCB International (Holdings) Ltd x AFFIN

Photo Download: http://bit.ly/3O4lf1y

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Media enquiries
Strategic Public Relations Sdn Bhd
Mandy Tan, Tel: +60 16-477 2256, Email: mandy.tan@sprg.com.my
Kevin Tan, Tel: +60 12-700 1666, Email: Kevin.tan@sprg.com.my

HKTDC's Communication & Public Affairs Department:
Snowy Chan, Tel: +852 2584 4525, Email: snowy.sn.chan@hktdc.org
Sam Ho, Tel: +852 2584 4569, Email: sam.sy.ho@hktdc.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Huatai Securities Initiates Coverage of CIMC Group with “Overweight” Rating, Citing Recovery in Offshore Drilling Demand

HONG KONG, Jul 28, 2023 – (ACN Newswire) – Recently, Huatai Securities issued a research report pointed out that the recovery of offshore demand and the shortage in the supply side come at the same time. In light of this, offshore drilling platforms have become scarce in the industry chain. CIMC Group, having strategically laid out its offshore equipment business fifteen years ago, has emerged as the major player in deepwater platform design and construction in China. Its offshore oil drilling platforms have been successfully deployed worldwide in major offshore oil and gas production areas, showcasing an extensive product range.

Huatai Securities has initiated coverage of CIMC Group for the first time and accorded it a "Overweight" rating. Huatai's expectations for CIMC Group's 2023-2026 PE ratio lie in the range of 23-26 times, corresponding to a target price of RMB 7.6. Taking into account the average H and A-share PE ratios from 2023 to the present at 67%, along with a Hong Kong dollar exchange rate of 0.91, the corresponding H-share 2023 PE ratio is projected at 17.7x, resulting in a corresponding H-share target price of HKD 5.63.

The report also highlights that many new container ships are expected to be delivered in 2023-2024, along with a high volume of old containers reaching the replacement stage. As a leading container producer, CIMC Group's renewal demand will provide sustained support to the industry. Concurrently, the global offshore market is gradually entering an upswing in the business cycle, leading to a significant increase in the Group's new order intake. As of March 2023, CIMC Group's new effective offshore orders have surged by 77% YoY, amounting to USD 2.56 billion, while the value of its accumulated orders in hand has grown by 122% YoY, reaching USD 3.9 billion.

Meanwhile, the Ministry of Industry and Information Technology recently issued the Fifth Batch of specialized, refinement, differential and innovation ("SRDI") "Little Giants" Enterprises. Four subsidiaries under CIMC Group (000039.SZ/02039.HK) have been selected as national-level SRDI "little giants" enterprises, recognizing their leading key technologies and outstanding product innovation capabilities. With this recent recognition, CIMC Group now boasts a total of 13 subsidiaries awarded with this honor. As a global leader in logistics and energy industry manufacturing, CIMC Group maintains a wide business layout and sustains diversified development.

About China International Marine Containers (Group) Co., Ltd.
The CIMC Group is a world leading equipment and solution provider in logistics and energy industries, and its industry cluster mainly covers logistics and energy fields, strengthening its position as a global market leader. In the logistics field, the Group still adheres to taking container manufacturing business as its core business, based on which to develop road transportation vehicles business, airport facilities and logistics equipment/fire safety and rescue equipment business and to a lesser extent, logistics services business and recycled load business providing products and services in professional field of logistics; in the energy field, the Group is principally engaged in energy/chemical/liquid food equipment business and offshore engineering business; meanwhile, the Group also continuously develops emerging industries and has finance and asset management business that serves the Group itself. As a diversified multinational industrial group that shoulders the mission of global serving, CIMC has 3 listed companies and over 300 member enterprises in Asia, North America, Europe, Australia and others, and extensive customers and sales networks covering more than 100 countries and regions. During the year, the Group recorded a revenue of RMB141.54 billion, with gross profit margin remained at 15.28% and net profit attributable to shareholders of the Company after deducting non-recurring profit or loss of RMB4.28 billion. The Group was recognized by Fortune as one of the "China's Most Admired Companies 2022", and was ranked 84th in the Fortune 500 China 2022, an increase of 35 places over the previous year. For more information, please visit http://www.cimc.com.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Peptomyc Announces the Approval of Its Phase 1b Trial Testing OMO-103 in Combination With Standard of Care in PDAC Patients

BARCELONA, Jul 28, 2023 – (ACN Newswire) – Peptomyc S.L., a biotech company specialized in the development of protein therapeutics for cancer treatment, announces that it has received full study approval for its new Phase 1b clinical trial, which will evaluate the combination of the first-in-class MYC inhibitor, OMO103, together with the standard of care (SoC) regimen Gemcitabine and Nab-Paclitaxel in metastatic Pancreatic Ductal Adenocarcinoma (PDAC) patients in first line. PDAC is the most common form of pancreatic cancer. Currently, it is the fourth highest cause of cancer mortality worldwide and its incidence is rising steeply. Current therapies offer limited chance of a lasting cure and the five-year survival rate is one of the lowest among the most commonly occurring cancers.

MYC is an oncoprotein deregulated in most -if not all- types of cancers. It is activated in many PDAC cases, where it contributes to aggressiveness of the disease and resistance to treatments. The company recently completed a FIH Phase 1 study of OMO103 in all-comers solid tumor patients, demonstrating excellent safety and promising anti-tumor activity.

Manuela Niewel, MD, PhD, Chief Medical Officer of the company, leading Peptomyc's clinical development, regulatory and medical affairs activities, says: "I am excited to be able to start our new Phase 1b study in PDAC patients. With OMO-103, we hope to address this devastating disease and one of the highest unmet medical needs in the oncology field".

This Phase 1b combination study will be conducted in four sites in Spain. The lead PI will be Dr. Teresa Macarulla at the Vall d'Hebron Institute of Oncology in Barcelona, and she will collaborate with Dr. Andres Munoz at the Hospital Gregorio Maranon in Madrid, Dr. Mariona Calvo at the ICO-Hospitalet in Barcelona, and Dr. Roberto Pazo at the Hospital Miguel Servet in Zaragoza. The study is planned to start in Q3/2023.

About Peptomyc

Peptomyc (www.peptomyc.com) is a spin-off from VHIO – the Vall d'Hebron Institute of Oncology – and ICREA – the Catalan Institute of Research and Advanced Studies – founded in December 2014 in Barcelona, Spain. The company is focused on the development of innovative cell penetrating peptides (CPPs) targeting the Myc oncoprotein for cancer treatment and based on Dr. Soucek's scientific research in Omomyc (the best direct Myc inhibitor known to date) over the last twenty years. It is the first company to have successfully completed a Phase I clinical trial with a direct MYC inhibitor.

Contact Information
Laura Soucek
CEO
lsoucek@peptomyc.com
+34695207869

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GMG Appoints Nu-Calgon as THERMAL-XR(R) Distributor for North America

BRISBANE, AUS, Jul 27, 2023 – (ACN Newswire) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG has signed a THERMAL-XR(R) distribution agreement with Nu-Calgon Wholesaler, Inc ("Nu-Calgon"). Nu-Calgon is the leading Heating Ventilation Air Conditioning, and Refrigeration (HVAC-R) specialty chemical supplier in North America and will partner with GMG to provide THERMAL-XR(R) to the HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean.

Nu-Calgon, formerly Calgon Corporation and Calgon Vestal Laboratories, has been a leader in North America's HVAC-R aftermarket for over 70 years. It is strategically headquartered in St. Louis, Missouri, where it distributes its products to thousands of distribution and stocking locations. THERMAL-XR(R) allows Nu-Calgon to continue distributing HVAC-R coatings to their existing distributors with the added value of graphene-enhanced superior heat transfer and corrosion protection.

GMG is in the process of obtaining USA EPA approval for the THERMAL-XR(R) and is reviewing the requirements for Canada, Mexico and the Caribbean countries.

GMG's Managing Director and CEO, Craig Nicol, stated: "We are excited to work with one of the best HVAC-R speciality chemical companies in the North America market with the goal of increasing revenue from our Energy Savings solutions – one of our key objectives for 2023. Nu-Calgon has a great distribution network, a system to train contractors and deploy THERMAL-XR(R) and many years of industry experience. Both parties plan to announce the partnership in more detail as the formal launch date is finalised later this year. I commend the GMG team led by Mark Lock, the General Manager of Sales and GMG's North American Representative Steve Hutchcraft, for their leadership."

DeWight Wallace, Nu-Calgon's President, commented: "We are very pleased to work with GMG on introducing the THERMAL-XR(R) product into the HVAC-R markets for North America – We are always looking for new and innovative technologies and solutions for the HVAC-R market. Thermal-XR is a great fit and will help contractors provide real energy savings to the end user. We are excited to launch this product through our existing distribution network in early 2024 and look forward to providing its Energy-Saving opportunities for our customers."

Figure 1
https://images.newsfilecorp.com/files/8082/175052_7df32eaf342c1aae_001full.jpg

GMG's 4 critical business objectives are:

1. Produce Graphene and improve/scale production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

About Nu-Calgon (www.nucalgon.com)

Nu-Calgon supplies a complete line of specialty chemical products for the HVACR aftermarket that includes: coil cleaners, leak sealants, air purifiers and refrigeration oils, water treatment, ice machine maintenance, and other specialty applications. These products are marketed to air conditioning, heating, refrigeration, and plumbing wholesalers, food service/restaurant suppliers and OEMs.

Nu-Calgon has dedicated factory sales professionals located across the United States and Canada, providing many years of sales and product experience. A state-of-the-art order entry system accesses the Nu-Calgon inventory at the centralised distribution center, enabling prompt, accurate order processing and complete order shipment within 24 hours.

About GMG (www.graphenemg.com)

GMG is a clean-technology company that seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the continued engagement and collaboration with Nu-Calgon pursuant to the distribution agreement, Nu-Calgon's plan to purchase GMG's THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of the distribution agreement with Nu-Calgon to result in the benefit's management expects, Nu-Calgon's plans to launch THERMAL-XR in early 2024, the timing and content of future announcements relating to GMG and Nu-Calgon's partnership, and the Company's and Nu-Calgon's planned or contemplated business, development, and activities and the timelines relating thereto. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the continued engagement with Nu-Calgon pursuant to the distribution agreement, the plans for Nu-Calgon to purchase GMG's THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of GMG to sell THERMAL-XR in Canada, Mexico, and Caribbean countries, the expected benefits of the engagement with Nu-Calgon pursuant to the distribution agreement, the expectation for Nu-Calgon to launch THERMAL-XR in early 2024, that the timing and content of future announcements regarding GMG and Nu-Calgon's partnership will align with management's expectations, and the feasibility of the Company and Nu-Calgon achieving the planned or contemplated business, development, and activities and the timelines relating thereto. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the engagement with Nu-Calgon pursuant to the distribution agreement will not continue as expected, the results of the distribution agreement with Nu-Calgon will differ from current expectations, Nu-Calgon will not purchase GMG's THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, GMG will not be able to obtain EPA approval for TXR sales in the USA, the Company will be unable to sell TXR in Canada, Mexico and various parts of the Caribbean, the Company will not benefit from the Nu-Calgon distribution agreement as expected, Nu-Calgon may not launch THERMAL-XR on its expected timeline, the Company's current business objectives and business focus may change, the Company and Nu-Calgon may not achieve the planned or contemplated business, development, and activities and the timelines relating thereto, customer interest and market demand for the use of THERMAL-XR(R) products will not be as expected, public health crises such as the COVID-19 pandemic may adversely impact the Company's business and the ability of Nu-Calgon to distribute the Company's products as anticipated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 18, 2022 available for review on the Company's profile at www.sedar.com.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GMG Appoints Nu-Calgon as THERMAL-XR(R) Distributor for North America

Brisbane, Queensland, Australia–(ACN Newswire – July 27, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (“GMG” or the “Company”) is pleased to announce that GMG has signed a THERMAL-XR® distribution agreement with Nu-Calgon Wholesaler, Inc (“Nu-Calgon”). Nu-Calgon is the leading Heating Ventilation Air Conditioning, and Refrigeration (HVAC-R) specialty chemical supplier in North America and will partner with GMG to provide THERMAL-XR® to the HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean.

Nu-Calgon, formerly Calgon Corporation and Calgon Vestal Laboratories, has been a leader in North America’s HVAC-R aftermarket for over 70 years. It is strategically headquartered in St. Louis, Missouri, where it distributes its products to thousands of distribution and stocking locations. THERMAL-XR® allows Nu-Calgon to continue distributing HVAC-R coatings to their existing distributors with the added value of graphene-enhanced superior heat transfer and corrosion protection.

GMG is in the process of obtaining USA EPA approval for the THERMAL-XR® and is reviewing the requirements for Canada, Mexico and the Caribbean countries.

GMG’s Managing Director and CEO, Craig Nicol, stated: “We are excited to work with one of the best HVAC-R speciality chemical companies in the North America market with the goal of increasing revenue from our Energy Savings solutions – one of our key objectives for 2023. Nu-Calgon has a great distribution network, a system to train contractors and deploy THERMAL-XR® and many years of industry experience. Both parties plan to announce the partnership in more detail as the formal launch date is finalised later this year. I commend the GMG team led by Mark Lock, the General Manager of Sales and GMG’s North American Representative Steve Hutchcraft, for their leadership.”

DeWight Wallace, Nu-Calgon’s President, commented: “We are very pleased to work with GMG on introducing the THERMAL-XR® product into the HVAC-R markets for North America – We are always looking for new and innovative technologies and solutions for the HVAC-R market. Thermal-XR is a great fit and will help contractors provide real energy savings to the end user. We are excited to launch this product through our existing distribution network in early 2024 and look forward to providing its Energy-Saving opportunities for our customers.”

Figure 1

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8082/175052_7df32eaf342c1aae_001full.jpg

GMG’s 4 critical business objectives are:

Produce Graphene and improve/scale production process
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability

About Nu-Calgon (www.nucalgon.com)

Nu-Calgon supplies a complete line of specialty chemical products for the HVACR aftermarket that includes: coil cleaners, leak sealants, air purifiers and refrigeration oils, water treatment, ice machine maintenance, and other specialty applications. These products are marketed to air conditioning, heating, refrigeration, and plumbing wholesalers, food service/restaurant suppliers and OEMs.

Nu-Calgon has dedicated factory sales professionals located across the United States and Canada, providing many years of sales and product experience. A state-of-the-art order entry system accesses the Nu-Calgon inventory at the centralised distribution center, enabling prompt, accurate order processing and complete order shipment within 24 hours.

About GMG (www.graphenemg.com)

GMG is a clean-technology company that seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the continued engagement and collaboration with Nu-Calgon pursuant to the distribution agreement, Nu-Calgon’s plan to purchase GMG’s THERMAL-XR® for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of the distribution agreement with Nu-Calgon to result in the benefit’s management expects, Nu-Calgon’s plans to launch THERMAL-XR in early 2024, the timing and content of future announcements relating to GMG and Nu-Calgon’s partnership, and the Company’s and Nu-Calgon’s planned or contemplated business, development, and activities and the timelines relating thereto. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the continued engagement with Nu-Calgon pursuant to the distribution agreement, the plans for Nu-Calgon to purchase GMG’s THERMAL-XR® for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of GMG to sell THERMAL-XR in Canada, Mexico, and Caribbean countries, the expected benefits of the engagement with Nu-Calgon pursuant to the distribution agreement, the expectation for Nu-Calgon to launch THERMAL-XR in early 2024, that the timing and content of future announcements regarding GMG and Nu-Calgon’s partnership will align with management’s expectations, and the feasibility of the Company and Nu-Calgon achieving the planned or contemplated business, development, and activities and the timelines relating thereto. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the engagement with Nu-Calgon pursuant to the distribution agreement will not continue as expected, the results of the distribution agreement with Nu-Calgon will differ from current expectations, Nu-Calgon will not purchase GMG’s THERMAL-XR® for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, GMG will not be able to obtain EPA approval for TXR sales in the USA, the Company will be unable to sell TXR in Canada, Mexico and various parts of the Caribbean, the Company will not benefit from the Nu-Calgon distribution agreement as expected, Nu-Calgon may not launch THERMAL-XR on its expected timeline, the Company’s current business objectives and business focus may change, the Company and Nu-Calgon may not achieve the planned or contemplated business, development, and activities and the timelines relating thereto, customer interest and market demand for the use of THERMAL-XR® products will not be as expected, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of Nu-Calgon to distribute the Company’s products as anticipated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 18, 2022 available for review on the Company’s profile at www.sedar.com.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175052

Digital Business Card Company Mobilo Secures $4.1M in Seed Funding

NEW YORK, Jul 27, 2023 – (ACN Newswire) – Networking just got an upgrade. Mobilo, the maker of the first smart business card for teams and digital business card scene, has raised $4.1 million in seed funding. Thanks to Deepwork Capital, TMT Investments, and some forward-thinking Dutch angel investors, the company is primed to make artificial intelligence (AI) the new best friend of your networking events and meetings, turning casual encounters into lead-generation opportunities.

Digital Business Card – The best digital business card for teams and enterprises.

AI-Driven Networking: Goodbye Paper, Hello Pixels

Here's a crazy stat: 27 million business cards are printed every single day. Mobilo is saying, "Enough is enough." They're ushering in the digital age of business cards, and it's a win-win. Not only are trees breathing a sigh of relief, but businesses are also saving time and money. Sharing your contact details is as simple as tapping your Mobilo digital business card on any modern smartphone.

Pieter Limburg (the founder and CEO), explains: "At Mobilo, we're all about making life easier through technology. And with the help of AI, Mobilo is determined to transform how you manage contacts, handle follow-ups, and convert those vital meetings into leads."

Getting Event ROI Right

You've probably been there. Measuring the ROI of an event is tough, whether you are visiting, exhibiting, or organizing. Traditional methods that involve sales teams manually entering lead info into CRMs are a headache and often riddled with inaccuracies. Mobilo's smart digital business cards are here to save the day (and your sanity). They automate the process, storing lead information directly into the CRM with a quick tap, improving data quality and boosting follow-ups and closure rates.

Your Data is Safe With Us

Mobilo isn't just another tech company; they were the first smart business card provider to bag the SOC 2 certification. That's a testament to their dedication to top-drawer security standards. They've also crafted their own proprietary security layer to take data protection to the next level. With the momentum of the seed funding, Mobilo is primed and ready to continue its journey to reshape the business networking landscape.

Quote from Robert Rees (Rexford Industrial's Director, Cybersecurity & Technology Operations): "We love how Mobilo has streamlined our user experience with their integrated and secure digital business card solution. On top of that, it aligns with Rexford's ESG efforts by eliminating paper cards altogether."

Tailored for Enterprises

Mobilo has a special place in its heart for mid to large-sized businesses and enterprises. Known for its dependability, top-notch security, and slick integration with CRM systems and HR tools, the company's cutting-edge tech can easily manage vast teams of over 10,000 members, such as big names like Marriott, AAA, and Banco Santander. Their technology ensures digital business cards are created and updated automatically, requiring zero manual intervention.

A Word from the Founder

Mobilo's CEO and founder, Pieter Limburg, puts it perfectly: "We're taking care of the mundane tasks like managing new contacts or scheduling follow-ups, so businesses can concentrate on networking effectively and boosting their brand."

With the rapid pace of digital transformation, Mobilo is ahead of the curve, extending its innovative solutions to virtual events as well. With fresh funding in the bank and an unwavering commitment to revolutionizing networking, Mobilo is all set to become a major game-changer in how businesses network and generate leads.

Contact Information:
Sofia Chiscop
PR Manager
sofia@prlab.co

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Rekor Systems Announces Nomination of Professor Sanjay Sarma and Tim Davenport As New Board Directors

Columbia, MD, Jul 27, 2023 – (ACN Newswire) – Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a trusted global authority in developing and delivering roadway intelligence using state-of-the-art AI and machine learning today announced that it will nominate two new directors for election at the Company's upcoming annual meeting of shareholders. The two new additions to its Board of directors are Professor Sanjay Sarma, President, CEO, and Dean of Asia School of Business ("ASB"), and Mr. Tim Davenport, Chief Operating Officer and Chief Compliance Officer for Arctis Global LLC.

Professor Sarma has long been recognized as a thought leader in urban mobility as a co-founder at MIT of the Auto-ID Center, which coordinated the work of major universities around the world in the development of EPCglobal, the current open standard system for RFID. This project laid the groundwork for developing the Internet of Things (IoT). With Linda Bernardi and Kenneth Traub, Professor Sarma co-authored The Inversion Factor: How to Thrive in the IoT Economy (MIT Press, 2017). He is also the founder of IoTask, which provides consulting and advisory services on creating and implementing IOT systems across a number of industry sectors.

Expressing his enthusiasm for the work being done at Rekor, Professor Sarma said, "A future of smart transportation and autonomous vehicles must involve sensor data from roads. I am very excited by Rekor's AI-based approach to smart infrastructure."

As a seasoned professional with over 20 years of experience in the hedge fund industry, Mr. Davenport brings a vast wealth of financial and operational expertise to the Board. His keen financial insight will be invaluable in shaping Rekor's financial strategies and acquisition initiatives. Mr. Davenport is a Fellow Chartered Accountant of the Institute of Chartered Accountants in England and Wales. He also holds a degree in mechanical engineering from the University of Birmingham. Before joining Arctis, Mr. Davenport has served as Head of Fund Accounting for Marshall Wace, as COO for MW Eaglewood, and as CFO for Winton, a research-based investment management company with a special focus on statistical inference in financial markets.

Commenting on his nomination, Davenport shared, "For over a decade, Rekor's mission has been to collect, connect and organize the world's mobility data to deliver safer, smarter, and more efficient transportation. I am very excited to become part of this mission and join the Board at a time when the Company is poised for rapid expansion and growth."

Rekor CEO and Chair Robert A. Berman acknowledged the immense value the new appointments will bring. He said, "We are very enthusiastic about adding Professor Sarma and Mr. Davenport to our Board. Their collective expertise in technology and finance will significantly elevate Rekor's trajectory, helping us continue to achieve our ambitious goals. Their arrival signifies a promising future for our Company."

Concurrently with these appointments, Rekor announced that Dr. Richard Nathan will be retiring from the Board at the expiration of his current term. Berman acknowledged Nathan's contributions, remarking, "We are profoundly grateful to Richard for his instrumental role in launching Rekor Systems and his tireless and unwavering commitment throughout his tenure. His insights and involvement have significantly influenced our growth."

About Rekor Systems, Inc.

Rekor Systems, Inc. (NASDAQ:REKR) is a trusted global authority in developing and delivering roadway intelligence using state-of-the-art AI and machine learning. Pioneering the implementation of digital infrastructure in our communities, Rekor is redefining infrastructure by collecting, connecting, and organizing the world's mobility data – laying the foundation for a digital-enabled operating system for the road. Our Rekor One(R) Roadway Intelligence Engine powers all of our platforms and applications, providing the foundation of our technology by aggregating and transforming trillions of data points into actionable intelligence through proprietary computer vision, machine learning, and data fusion. Our solutions provide actionable insights that give governments and businesses a comprehensive picture of roadways while providing a collaborative environment that drives the world to be safer, greener, and more efficient. To learn more, please visit our website: www.rekor.ai, and follow Rekor on social media on LinkedIn, Twitter, Threads, and Facebook.

Forward-Looking Statements

This press release and its links and attachments contain statements concerning Rekor Systems, Inc. and its future expectations, plans, and prospects that constitute "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, including statements regarding the impact of Rekor's core suite of AI-powered technology and the size and shape of the global market for ALPR systems. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," by the negative of these terms or by other similar expressions. You are cautioned that such statements are subject to many risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual circumstances, events or results may differ materially from those projected in the forward-looking statements, particularly as a result of various risks and other factors identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events, or otherwise.

Media & Investor Relations Contact:
Rekor Systems, Inc.
Charles Degliomini
ir@rekorsystems.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Sarawak Consolidated Commences Legal Action against Dynamic Prestige Consultancy

KUCHING, MALAYSIA, Jul 27, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that it has initiated legal proceedings against Dynamic Prestige Consultancy Sdn. Bhd from an unfulfilled refund of RM14,000,000.00.

Ku Chong Hong, Managing Director of SCIB

The sum was an initial payment in anticipation of a strategic business partnership in the Engineering, Procurement, Construction and Commissioning (EPCC) sector. As part of the agreement, Dynamic Prestige Consultancy Sdn. Bhd. was to propose a Redeemable Convertible Preference Shares (RCPS) scheme in their company. SCIB, having decided not to proceed with the RCPS, has sought the agreed refund. However, to date, Dynamic Prestige Consultancy Sdn. Bhd. ("Dynamic Prestige") has failed to honour this agreement.

In response to the ongoing litigation, Mr. Ku Chong Hong, Group Managing Director of SCIB, stated, "The initiation of this legal action is a necessary step to protect our company's interests and uphold our financial integrity. We have always operated with full adherence to our contractual obligations and expect the same level of commitment from our partners. We remain confident in our legal position and are committed to ensuring the best outcome for our shareholders and stakeholders."

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hektar REIT’s Sustainability & CSR Commitment Honored with an Accolade

KUALA LUMPUR, Jul 27, 2023 – (ACN Newswire) – Hektar Asset Management Sdn Bhd, the Manager for Hektar Real Estate Investment Trust ("Hektar REIT") has been awarded "Company of the Year – Best in Sustainability Reporting & Community Support" under the category of Retail Management at the Sustainability & CSR Malaysia Awards 2023 held last night at Mandarin Oriental Hotel, Kuala Lumpur.

1. Mr. Muhammad Bakhtiar Ul Haq (Asst Manager, Investor Relations, ESG & Special Projects);
2. Pn. Sabrina Halim (General Manager, Business Development & Strategy); 3. Pn. Zarina Halim,
(Chief Corporate Officer); 4. Mr. Lim Kek Siang (Senior General Manager, Finance);
5. Mr. Muhammad Fahmi Bin Rasni (Senior Manager, Business Development & Strategy) [L-R]

The Sustainability & CSR Malaysia Awards 2023, which was officiated by the Minister of Women, Family & Community Development, YB Dato' Sri Hajah Nancy Shukri, is organised by CSR Malaysia, a publication and social initiative under the auspices of the Malaysian Welfare Society for Corporate Sustainability & Responsibility, which is the national organisation for sustainability in the country. Several nominations were received for the various categories, with awardees judged by a distinguished panel of judges drawn from the media and the Malaysian Welfare Society for Corporate Sustainability & Responsibility.

Hektar REIT is proud to announce that it has been honoured with this highly acclaimed award for its unwavering dedication to Corporate Social Responsibility (CSR) and Sustainability practices. The recognition highlights Hektar REIT's exceptional efforts in contributing towards the people and the environment. The company embraces its responsibility to create shared value for all stakeholders, including tenants, employees, shareholders and the surrounding communities. Through extensive CSR programs, Hektar REIT consistently engages in activities that have fostered strong partnerships with local communities and institutions to drive impactful social change. By investing in the community, Hektar REIT has continued to play a pivotal role in improving and enriching the lives of communities surrounding the areas at which our malls operate.

Executive Director & Chief Executive Officer of Hektar Asset Management Sdn. Bhd. ("Hektar Asset Management"), En. Johari Shukri Jamil said "As we navigate the changing landscapes of business, one thing remains clear: Our responsibility goes beyond quarterly profits and shareholder value. Sustainability and corporate social responsibility (CSR) are central to who we are and how we operate. We must view our work through the lens of sustainability, not as a separate initiative, but as an intrinsic element of all our decisions and actions. We are committed to a world where our CSR efforts are a reflection of our respect for the planet, our community, and future generations. We are committed to business growth, enhancing the value for our unitholders, and positively impacting the world around us."

He said, "It is immensely gratifying to have these efforts recognised by the Sustainability & CSR Malaysia Awards. This serves as both an honour and an inspiration for us to keep pushing the boundaries of what we can achieve in the realms of sustainability and community support."

The awards are a testament to Hektar REIT's industry-leading initiatives and its unwavering commitment to sustainability and CSR. This recognition will further cement Hektar REIT's reputation as a socially responsible company that is actively contributing to a more sustainable future.

Hektar REIT: http://www.hektarreit.com/

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

World Blockchain Summit (WBS) Presented by Nordek returns to Singapore for 25th global edition

WBS, an event by Trescon, is gathering the region’s leading voices in the web3 ecosystem as Asia puts down its marker as the home of blockchain and crypto. Join the countdown! Book your passes now for the most anticipated blockchain event of the year.

SINGAPORE, July 27, 2023 – (ACN Newswire) – #WBSSingapore, one of the world’s longest running blockchain events, is back! Taking place on 2nd-3rd August, this eagerly awaited summit will be presented by Nordek, the driving force behind innovation in the industry. Nordek, a leading web3 payment and gaming solution ecosystem, is taking the industry by storm with its recent entry into the Singapore’s leading crypto exchange, Coinstore.

With its association with one of the longest running blockchain event, World Blockchain Summit exhibits its commitment to the growth and rapid adoption of blockchain-based solutions. With its wide array of products, Nordek is playing a pivotal role in bringing web3 based payment platforms into the mainstream.

Sharath Ravi, CMO of Trescon, commented,” We are excited to have Nordek be a part of the World Blockchain Summit in Singapore. Partnerships like this aligns with our objective to empower businesses with the transformative solutions of blockchain-based solutions. The World Blockchain Summit in Singapore is a showcase of the latest innovations and provides attendees with valuable insights, actionable strategies, and exceptional networking opportunities.”

“We are thrilled to showcase NORDEK and its innovative features at the World Blockchain Summit Singapore 2023 and to launch some new products at the event,” NORDEK’s Raajessh Kashyap, CEO remarked. “Our vision is to build a blockchain ecosystem that is accessible and user-friendly for both businesses and consumers.” NORDEK is well-positioned to accelerate the widespread adoption of web3 payments with its technology and comprehensive portfolio of services. WBS will give us the right platform and visibility to bring our innovations to masses.”

The World Blockchain Summit has become a leading platform where top industry experts, web3 innovators and visionaries converge to deliberate over latest trends and technologies that are driving the transformative potential of the emerging technologies a step forward. World Blockchain Summit aims to drive collaboration and presents unlimited networking opportunities to its attendees.

Don’t miss the opportunity to be part of #WBSSingapore, where cutting-edge ideas and game-changing solutions will take centre stage. Engage with leading experts, entrepreneurs, and industry pioneers who will shape the future of blockchain. Unveiling the latest trends and advancements in the field, this summit offers a platform for funding opportunities, expert guidance, and invaluable networking.

Register now to secure your spot at World Blockchain Summit Singapore. Last few discounted tickets are up for grabs, so act fast to ensure your presence at the most thought-provoking blockchain event of the year.

Key Topics Include:

What Web 3.0 means for enterprises

NFT Market Overview: Trends & Opportunities

Bridging DeFi and CeFi

Value Creation in the Metaverse

Looking into the Future of Web3

DAOs: A Business-Building Opportunity

Digital Asset Solutions for Business

Regulation of Crypto Assets

The Big Picture: Market Outlook for 2023

Experience an exclusive exhibition area showcasing ground-breaking projects, dedicated spaces for investors to explore potential deals, and unparalleled networking opportunities with industry icons and pioneers.

To book your passes and gain access to this extraordinary event, visit: https://bit.ly/WBSG-GAINACCESS

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS), a part of Trescon, one of the world’s fastest-growing organizers of emerging tech B2B events, demand gen services and more, is a web 3.0 focused events organizer. The management team has over 20 years of experience organizing successful conferences, expos, and summits. WBS works with web 3.0 industry leaders and innovators as advisors to ensure alignment with current market trends and needs.

About Nordek

Nordek is at the forefront of revolutionizing Web3 with its innovative payment and gaming solutions. Through its light speed-fast ecosystem, Nordek empowers consumers and businesses to embrace the potential of blockchain technology. Whether integrating solid codes or crafting tailor-made solutions, Nordek’s optimized blockchain platform enables seamless payment and gaming experiences.

Get ready to mingle with our stellar partners:

Presenting Partner: NORDEK

Lead Sponsor: FIRDAOS

Gold Sponsor: PHOENIX, TELESIGN

Silver Sponsor: HUMBL, MILLIONERO, GPTCoin, FUTURECX

Bronze Sponsor: MIMO, ZOKSH

Pitch Partner: U2U FOUNDATION, FLOIN

Exhibitors: SINGAPORE BLOCKCHAIN INNOVATION PROGRAMME, MRMINT, ESPSOFTTECH

Association Partner: WOMEN IN BLOCKCHAIN ASIA

For inquiries, Contact: comms@worldblockchainsummit.com