Hannover Messe 2023 Brings a Positive Impact to Indonesia

Hanover, Germany, May 3, 2023 – (ACN Newswire) – Deutsche Messe AG (DMAG) held a closing press conference at the Industrial Transformation Conference Stage, Hannover Messe Fairgrounds, following the closing of Hannover Messe 2023 on Friday (21/04). Eko SA Cahyanto, Director General of Industrial Resilience, Regions and International Access (KPAII), Indonesian Ministry of Industry, together with Dr. Jochen Kockler, Chief Executive Officer (CEO) of DMAG, and Dr. Gunther Kegel, President of the German Industrial Association, Verband der Electro-und Digitalindustrie (ZVEI), participated in the press conference.

(Photo: Doc. Ministry of Industry)

Eko SA Cahyanto said that as a partner country, Indonesia was pleased to be part of the world's largest industrial exhibition, and this had a positive impact on Indonesia. Visitors to the exhibition had reacted positively to the Indonesia program as Hannover Messe 2023 Partner Country. The program included art performances during the opening ceremony, the opening of the Indonesia Pavilion, country night, business summits and several conferences. Exhibition-goers visiting the Indonesia Pavilion and the 157 co-exhibitors reflected Indonesia's success as a partner country.

Dr. Gunther Kegel, President of ZVEI, noted that even though there were protests taking place simultaneously in various German cities, the five days of Hannover Messe 2023 drew hundreds of thousands of visitors. And in addition to business people, Hannover Messe also attracted political delegations from 50 countries. By comparison with other industrial exhibitions, said Dr Kegel, the Hannover Messe still outperforms among industrial exhibitions.

Dr. Jochen Kockler, the CEO of DMAG, said that the 130,000 visitors to the Hannover Messe would have the same goal in mind, fostering industry that was more resilient to climate change and more competitive. Additionally, countries including China, Korea, the Netherlands and America accounted for 43% of the visitors to Hannover Messe 2023. Furthermore, the Indonesia Pavilion at the Hannover Messe Fairgrounds had attracted around 75% of the large number of overall visitors to this years Messe.

In line with an improving Indonesian industrial sector following the pandemic, its role as partner country for the third time was also positive. Through closing of Hannover Messe 2023, Indonesia had signed one Government/Government agreement, four Government/Business agreements, and twenty-five Business/Business agreements, expected to create jobs for approximately 80,000 people in the country.

Hannover Messe 2023 | Partner Country Indonesia
As Partner Country to Hannover Messe 2023, Indonesia presents more than 150 exhibiting organizations that range from large industrial companies, small and medium-sized enterprises and startups to industrial estates, industrial associations and government ministries and institutions. Indonesia invites you to discover its potential – join the Partner Country's infinite journey at Hannover Messe. Visit https://indonesiahannovermesse.id.

The Ministry of Industry (Kemenperin)
Public Relations Bureau, Jakarta
E: humaskemenperin@gmail.com

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

New Online Course Offers Expert-Led Training on Renewable Energy Power Purchase Agreements

Singapore, May 3, 2023 – (ACN Newswire) – Infocus International Group is excited to announce the new date for its highly-anticipated Renewable Energy Power Purchase Agreements Online Workshop, commencing on 2nd August 2023.

In the global marketplace of 2020s, both developed and developing economies urgently need to master the key techniques and models for transforming to renewable generation while strengthening the reliability of new energy markets and systems. These focus on adapting and negotiating the latest models for Renewable Energy Power Purchase Agreements (RE PPAs) and on rapidly attracting new private investments in renewable energy sources. Unlike past fossil-fuel based Independent Power Project (IPP) models that featured standardized take-or-pay contracts – today’s renewable energy markets demand more innovative incentives to attract RE supply, conform to RE generation availability, ensure power system reliability, as well as more attractive and sustainable mixtures of fuel sources. Government power sector strategies are now struggling to choose among different practical incentives for new private investments in the renewable technologies including solar energy, wind power, bio-mass incineration and mini-hydro investments

This interactive 5-session workshop will provide clear explanations of the new models of Renewable Energy PPA risk allocation, of ensuring project bankability, of allowing RE generators to compete in energy markets and power pools. The practical models for RE investment credit enhancements will be demonstrated through a series of real case examples of RE PPA contracts, renewable project finance transactions, and competitive energy markets. Case Studies will include real examples from Southeast Asia, South Asia, the Middle East, Europe, and North America.

Past participant from European Bank for Reconstruction and Development shared “A well delivered course and trainer with deep experience. Particularly valuable sessions included the group work negotiating a PPA.”

“This was well delivered training – covering many aspects both theory and practical.” said a past participant from Marsh.

Another past participant from Central Electricity Board also mentioned that, “I wish to express my thanks to Infocus International, for the chance given to follow this training. Since I am an engineer, I come from a very technical background and through this training, I have learned a lot about the purchase agreements’ terms and laws.”

Join us now and learn the practical models and techniques for analysing & structuring, drafting, and negotiating Renewable Energy PPAs for bankable green investments in today’s competitive energy markets.

Why Attend

Best practices from international case studies of successful RE PPAs to avoid common pitfalls
Direct the legal design of RE PPAs based on your own company’s risk profile and corporate goals
Lead strategies for the design and regulation of new competitive electricity markets to attract renewable private power investments
Develop clear incentives for bankable private investments in renewable energy generation
Environmental, social & governance (ESG) impact mitigation techniques to ensure sustainability
Manage successful renewable power project finance transactions

Want to learn more?

Simply email esther@infocusevent.com or call +65 6325 0210 to obtain your FREE COPY of the event brochure. For more information, please visit www.infocusinternational.com/pparenewable

About Infocus International Group

Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities. We recognise clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights. For more information: www.infocusinternational.com.

IMA ART Fertility Celebrates 1-Year Beverly Hills Anniversary

BEVERLY HILLS, CA, May 3, 2023 – (ACN Newswire) – IMA ART Fertility celebrates their one-year anniversary in Beverly Hills – launching a first-of-its-kind luxury fertility and surrogacy concierge service, dedicated to helping high-net-worth individuals realize their dreams of parenthood.

Long before arriving on U.S. soil in the spring of 2022, the CEO & Co-Founder of IMA ART Fertility, Michelle Tang, identified an opportunity in a yet-to-be-defined field – luxury fertility and surrogacy.

The wealthy are not immune from the medical challenges and international legal hurdles associated with creating their families. Moreover, the super-rich often find themselves with little time to spare, as they're busy creating wealth for others. IMA ART Fertility Co-Founders made the decision to create and build a brand in a new rarified fertility space, exclusively targeting the uber-wealthy.

Researching the surrogacy digital landscape in the U.S., Ms. Tang identified a similarity among companies, vying for intended parents looking to create their families. Her objective was to bring something to the market which was appreciably and profoundly unique.

First, and foremost, on the list of marketing priorities, would be the creation of a website exuding luxury. Coming from Hong Kong, with an appreciation for European elegance, Ms. Tang selected a website developer from that part of the world, with a feel for refinement and exquisiteness -imaartfertility.com was born.

Secondly, a highly focused marketing campaign was launched targeting discreet high-net-worth and ultra-high-net-worth individuals valuing privacy.

Ms. Tang and fellow Co-Founder, Ron Sonnenberg, arrived in Beverly Hills on May 2, 2022, marking the one-year anniversary of relocating their operations from Hong Kong. Once on the ground, they embarked on a focused marketing campaign – introducing luxury fertility and surrogacy solutions to the world's well-heeled. Marketing involved a number of exclusive and high-visibility advertorials and memberships:

– SEEDS
– Financial Times
– Beverly Hills Chamber of Commerce
– LUXUO
– Elite Traveler
– Glion Institute of Higher Education
– Salon Prive
– Yahoo News
– AP

In less than one year, management was able to stake out its claim to being the first dedicated luxury fertility & surrogacy concierge in the US, and the entire world. In addition to an abundance of luxury hotels, fine dining and shopping concierge options in Beverly Hills, the Co-Founders engaged and emphasized working relationships with top professionals in the fields of Assisted Reproductive Technology, Egg & Sperm banking, Reproductive Law, Surrogacy Specific Medical Insurance, Escrow Management, a world-renowned OBGYN and a Specialized Labor and Delivery Registered Nurse, Double Certified in Obstetrics.

Ms. Tang emphatically states, "Nobody does what we do, at the high level we do it. Wealthy individuals appreciate the finer things in life – this beautifully extends to creating their heirs. We provide an ultra private atmosphere for our parents and exceptional interpersonal care."

About the Company: IMA ART is a high-value, bespoke professional advisory service providing transformative luxury fertility & surrogacy concierge – Beverly Hills. The company offers an exclusive suite of discreet fertility options to high-net-worth individuals. Learn more about IMA ART Fertility.

Contact Information
Ron Sonnenberg
Co-Founder
ron@imaartfertility.com
(424)-284-1408

SOURCE: IMA ART Fertility

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

Chiratae Ventures Maiden Growth Fund-I announces its close at INR 1001 cr, oversubscribed by 34%

Singapore, May 3, 2023 – (ACN Newswire) – Chiratae Ventures, India's largest homegrown venture capital fund, has successfully concluded the fundraising for its first Chiratae Growth Fund (CGF-I), raising INR 1001 cr. On a targeted INR 750 crore, CGF-I has been oversubscribed by 34%. The announcement of the close of CGF-I comes on the heels of Fund 4, which was oversubscribed by 22%. This marks a continued trend of Chiratae's funds being oversubscribed, highlighting the confidence and faith placed in the firm's ability to identify and nurture promising startups poised for growth and success.

CGF-I will invest in the growth rounds of market-leading technology startups from its portfolio and other new opportunities, making it a sector-agnostic fund to support the growth and expansion of companies.

CGF-I is supported by Chiratae's existing investors, including Pratithi (Family Office of Kris Gopalakrishnan, the Co-Founder of Infosys), 57 Stars (a global alternative asset manager) and Manish Choksi (Vice Chairman and non-executive board member of Asian Paints) and his Family Office and, new investors including State Bank of India, India Infoline Limited (IIFL), Axis Bank and others. With this new CGF-I, Chiratae Ventures will continue its mission of supporting innovative technology startups in their growth stage and unlocking their potential.
Chiratae Ventures has a successful track record of investing in early and growth-stage startups over the past 16 years. The Chiratae Funds collectively (across 6 funds) have $1.1 Bn in AUM, 130+ investments, 48 exits, 8 Unicorns, 3 IPOs and a track record of having returned capital to the investors in each of the last 12 years. Chiratae Ventures has been an early backer of technology-led companies such as Bizongo, Curefit, Fibe, Firstcry, Lenskart, Myntra, PolicyBazaar, Pixis, Vayana, and Uniphore, amongst others.

Sudhir Sethi, Founder and Chairman of Chiratae Ventures, said, "We are excited to have raised our first Growth Fund, enabling us to continue supporting the growth and expansion of market-leading technology startups in India and beyond. The oversubscription of the fund by 34% is a testament to the trust and confidence our investors have placed in us. As we embark on this exciting new chapter, we remain committed to identifying and investing in innovative startups that have the potential to drive transformative change and create long-term value. Thank you to our existing investors Pratithi (Family Office of Kris Gopalakrishnan, the Co-Founder of Infosys), 57 Stars (a global alternative asset manager) and Manish Choksi (Vice Chairman and non-executive board member of Asian Paints) and his Family Office and, we welcome the new ones, State Bank of India, IIFL, Axis Bank and others."

On closing the Chirataes' first Growth Fund, TC Meenakshi Sundaram, Founder and Vice-Chairman of Chiratae Ventures, said, "The successful fundraising for Chiratae's First Growth Fund is a testament to the quality of the investment strategy and our team's ability to identify and support exceptional entrepreneurs. With the Growth Fund -I, we are well-positioned to continue to support promising startups through their growth journey and create value for all stakeholders by becoming market leaders. We thank all our investors for their continued support to Chiratae."

About Chiratae Ventures

Chiratae Ventures is a 16-year-old Indian technology venture capital fund, which collectively (across 6 funds) has $1.1 Bn AUM, 130+ investments, 48 exits, 8 Unicorns, 3 IPOs and a track record of having returned capital to LPs in each of the last 12 years. The Chiratae funds have investments across sectors such as Consumertech, SaaS, Fintech, and Healthtech and have been early backers of companies such as Myntra, Flipkart, Lenskart, FirstCry, PolicyBazaar, Bizongo, Uniphore, Pixis, and Fibe, amongst many others.

Chiratae Ventures's Global Advisory board consists of esteemed personalities such as Mr Ratan Tata (Chairman), Mr Kris Gopalakrishnan, Mr Manish Choksi (Vice Chairman Asian Paints), Mr Bruno Raschle (Founder Adveq Zurich), Dr Andreas Hettich (Chairman Hettich Corporation Germany) and Dr Ferzaan Engineer (Founder Cytecare and Nightingale).

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

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

Moderna Announces Establishment of an Enterprise Solutions Hub and Commercial Operations in The Philippines

Cambridge, MA, May 3, 2023 – (ACN Newswire) – Moderna, Inc. (NASDAQ:MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced plans to establish an Enterprise Solutions Hub in the Philippines. The Moderna Enterprise Solutions Hub will provide business services across the Asia Pacific region, where Moderna currently has operations in six markets. Moderna also plans to establish commercial operations in the Philippines.

"We are pleased to expand our footprint into the Philipines by establishing an Enterprise Solutions Hub and commercial operations. The Philippines has a critical mix of talent and global business service expertise, which makes it an excellent location to scale efficiently and provide regional support," said Stephane Bancel, Chief Executive Officer of Moderna."The Asia Pacific region is integral to Moderna's business, with established subsidiaries in Australia, Hong Kong, Japan, Singapore, South Korea, and Taiwan. We look forward to further solidifying our presence. The addition of the Philippines site completes our strategy to provide regional solutions across the business, complementing our existing locations in Atlanta, Georgia, which services the Americas, and Warsaw, Poland, which covers Europe, the Middle East, and Africa."

"We are very pleased that Moderna has selected the Philippines as the location for its third Enterprise Solutions Hub, serving the Asia Pacific market. We are confident that the Philippines has the talent and the capabilities to support Moderna's operations and drive its expansion throughout the region. The Philippines is well-positioned to host global services and facilities that advance health and pharmaceutical technology. Our partnership with Moderna underscores the Philippines' position in promoting healthcare and addressing emerging health threats. It also highlights Moderna's role in delivering life-saving vaccines during the COVID-19 pandemic and the ability and promise of their mRNA platform," said Jose Manuel G. Romualdez, Ambassador of the Republic of the Philippines to the United States.

Moderna will provide enterprise solutions in the Philippines, similar to its counterparts in Warsaw, Poland, and Atlanta, US, which were established in May 2021 and March 2022, respectively. The Hub will initially house finance, pharmacovigilance, medical, and HR personnel, in addition to commercial-focused roles, to support its direct presence in the market. Moderna will continue to identify opportunities to host additional functions and business services as the Company grows and operations mature. The Company expects to employ approximately 40-50 employees in the Philippines in 2023.

The Moderna Enterprise Solutions Hub Philippines will provide new capabilities, service lines, and capacity to help meet the growth of Moderna's commercial and business operations in the Asia Pacific region. Moderna plans to begin operations in the Philippines in the second/third quarter of 2023.

About Moderna

In over 10 years since its inception, Moderna has transformed from a research-stage company advancing programs in the field of messenger RNA (mRNA), to an enterprise with a diverse clinical portfolio of vaccines and therapeutics across seven modalities, a broad intellectual property portfolio, and integrated manufacturing facilities that allow for rapid clinical and commercial production at scale. Moderna maintains alliances with a broad range of domestic and overseas government and commercial collaborators, which has allowed for the pursuit of both groundbreaking science and rapid scaling of manufacturing. Most recently, Moderna's capabilities have come together to allow the authorized use and approval of one of the earliest and most effective vaccines against the COVID-19 pandemic.

Moderna's mRNA platform builds on continuous advances in basic and applied mRNA science, delivery technology and manufacturing, and has allowed the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases and auto-immune diseases. Moderna has been named a top biopharmaceutical employer by Science for the past eight years. To learn more, visit www.modernatx.com.

Moderna Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the Company's plans to establish an Enterprise Solutions Hub in the Philippines and anticipated hiring and staffing for the Hub; and the plans to establish commercial operations in the Philippines. In some cases, forward-looking statements can be identified by terminology such as "will," "may," "should," "could," "expects," "intends," "plans," "aims," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna's control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading "Risk Factors" in Moderna's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (SEC), and in subsequent filings made by Moderna with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna's current expectations and speak only as of the date of this press release.

Contacts

Media:
Luke Mircea Willats
Senior Director, Corporate Communications
Luke.Mirceawillats@modernatx.com

Investors:
Lavina Talukdar
Senior Vice President& Head of Investor Relations
Lavina.Talukdar@modernatx.com
617-209-5834

SOURCE: Moderna, Inc.

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

KYT Launches Designer Bags for Diabetics

WELLINGTON, New Zealand, May 2, 2023 – (ACN Newswire) – Diabetics now have their own designer bags to streamline their daily treatment. KYT, which stands for Keeping You Together, has revealed three new contemporary, premium bags purpose-built for the everyday needs of people with diabetes – a chronic condition that the World Health Organization (WHO) says affects 422 million people worldwide.

Crafted with the insights of hundreds of diabetics from around the world, the bags have innovative features, smart layouts, premium materials like gold-rated Italian leather and solid brass hardware, and ethical craftsmanship. A contemporary exterior discreetly hides diabetes supplies like a testing kit, pump consumables, and insulin pens. The bags now available for global pre-order are:

SideKYT: a contemporary crossbody bag that streamlines users' essential diabetes supplies. The bag splits in two: life essentials up front and diabetes equipment out back. A testing station allows blood glucose levels to be tested straight from the bag.

SideKYT+: a larger crossbody built for pump users or those who want to take more equipment or spares.

StarterKYT: a compact case that lets users take their supplies on the sly. The size of a sunglasses case, it smartly locks together with magnets, unfolds completely flat to create a testing station, and then folds back together in a snap.

KYT is also committed to ethical production and materials, and a donation from every bag sold helps diabetes charities get crucial supplies to those in need.

At age 20, Designer & KYT Founder Bridget Scanlan was diagnosed with Type 1 Diabetes. As her pancreas stopped producing insulin, she had to learn to manage multiple blood glucose tests and insulin injections every day. Along with all the equipment that came with it.

"From talking to diabetics around the world, I got universal insights into the daily diabetes struggle," Scanlan says. "It sparked a thought: could smarter design empower people to feel better about dealing with daily treatment? I wanted to redesign diabetes so we could all redefine it."

Combining her background in fashion design and entrepreneurship, Scanlan was inspired to channel her chronic condition to help empower other diabetics by creating designer bags specifically for diabetics.

"Every zip, every angle, every equipment detail has been influenced by the insights gathered from the hundreds of incredible diabetics who have opened up and shared their diabetes stories (and gripes) with me," Scanlan says.

According to WHO, globally 8.5% of adults aged 18 and older have diabetes, making it one of the most prevalent chronic conditions worldwide.

Stanford University research estimates that people managing diabetes make around 180 extra health-related decisions every day to keep themselves safe.

Here is some of the feedback from diabetics using KYT's original Crossbody bag:

"I've been waiting 50 years for a bag like this…. it is so easy to 'keep me together.' Pick it up and off I go, and no one knows what I am having to carry around." – Joy, New Zealand Diabetic

"I am loving my KYT for travel! It's such a great bag, I now take it with me whenever I go away." – Megan, London Diabetic

"Cannot be more excited for this amazing bag designed for diabetics. Fully functional & more importantly so stylish!" – Kyoko, Tokyo Diabetic

For more information, please visit https://kytbags.com/. Photos can be downloaded from KYT's media kit. https://pr.report/d8RmPCyY

About KYT Diabetes Bags

KYT stands for KEEPING YOU TOGETHER. We're redefining diabetes by redesigning it. With look-good, feel-good, do-good bags designed to help you feel great about doing diabetes on the daily.

Contact Information:
Bridget Scanlan
Designer & KYT Founder
bridget@kytbags.com

JP Twaalfhoven
Creative Director
jp@kytbags.com

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

Photonis Supplies Key Instrumentation for Detecting Successful Laser Fusion Ignition

STURBRIDGE, MA, May 2, 2023 – (ACN Newswire) – Photonis, a leading electro-optic manufacturer, has supplied key instrumentation that has aided in the achievement of laser fusion ignition. On December 13th, 2022, The U.S. Department of Energy (DOE) and the National Nuclear Security Administration (NNSA) announced the first-ever, controlled laser fusion reaction to produce scientific energy breakeven, achieved at Lawrence Livermore National Laboratory's (LLNL) National Ignition Facility (NIF). This major scientific breakthrough, decades in the making, provides unprecedented capability to support NIF's national security mission and invaluable insights into the prospects of clean fusion energy. This monumental achievement is the first step to a possible future of a net-zero carbon footprint.

Photonis & LLNL

Successful detection of the reaction was made possible with key instrumentation supplied by Photonis. The instruments: Stripline Microchannel Plates (SL-MCPs) and Streak Tubes, were integrated into various diagnostic systems installed within the fusion reactor to detect both x-rays and visible light that were emitted from the reaction. The detection of these signals contributes to determining the resulting energy yield.

Stripline MCPs used in the Diagnostic System are equipped with electrode strips to allow the propagation of high frequency electrical fields along the strips. The electrode strips provide the ability to sequentially turn on each microchannel as fast as the electrical charge can permeate the surface, producing high speed sequential images.

Streak Tubes are unique devices for capturing and measuring ultra-fast light phenomena. Photonis Streak tubes can be applied in streak, framing, or synchroscan-modes, with a wide range of available photocathodes for detection from low energy X-ray to near infrared. The high sensitivity, low-noise photocathodes provide high uniformity, excellent signal-to-noise ratio, and a high shutter ratio, while bilamellar electro-optics support (sub) pico-second temporal and extremely high spatial resolution. These characteristics are ideal for capturing low-level light signals such as the ones emitted by the fusion reaction.

Photonis is proud to be part of this exciting achievement. With its high level of expertise, Photonis' engineers will continue to contribute to overcoming the limits of science and work towards getting tomorrow's clean fusion energy running!

Learn More about LLNL's Fusion Ignition Success Here: National Ignition Facility achieves fusion ignition | Lawrence Livermore National Laboratory (llnl.gov)

About Photonis

Photonis is a market-leading provider of electro-optic solutions used in the detection and amplification of photons, ions, electrons, and neutrons. We innovate and engineer quality technologies for integration into a wide-variety of applications, such as night vision optics, digital cameras, mass spectrometry, nuclear instrumentation, life-science and physics research, space exploration, and many others. With over 80 years of experience of partnering with our customers to provide the world's leading detection systems, Photonis has the experience to meet the specific challenges of the many markets we serve.

Related Image
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Contact Information
Dr. Emile Schyns
Director of Innovation
e.schyns@photonis.com

SOURCE: Photonis Scientific, Inc.

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

BluWave-ai and Dubai Taxi Sign Partnership to Decarbonize Fleet With Electric Vehicles Managed by Artificial Intelligence

OTTAWA, ON, May 2, 2023 – (ACN Newswire) – Dubai Taxi Corporation (DTC), a division of the Roads and Transport Authority (RTA) of Dubai UAE, signed an agreement with BluWave-ai to partner with its built-in-Canada AI platform to further enhance energy efficiency. The signing ceremony took place in the DTC headquarters in Dubai, co-chaired by Mansour Rahma Alfalasi, CEO of Dubai Taxi, and Devashish Paul, CEO of BluWave-ai, with the presence of a number of officials from both parties. The Canadian company is represented by Al Usul Company in the United Arab Emirates.

BluWave-ai and Dubai Taxi

The agreement will bring the BluWave-ai specialized artificial intelligence solutions into the fields of renewable energy and transport electrification to develop optimization models in EV energy management and revenue maximization for DTC's fleet, which is projected to grow to over 2000 EVs. DTC is accelerating the partnership with multiple years of historical and live data from real-world operations that will allow BluWave-ai to develop operating models for the electrical vehicles that combine elements such as charging durations, levels, vehicle on-road activity, weather and holiday impacts, events, and revenue concentration vs. charging time opportunity costs. During the project, the offline models will be taken to live deployment to be continuously retrained and enhanced. The agreement includes the appointment of a joint committee from both sides to follow up with the operational plan and mission objectives, and study performance outputs to exchange the best practices in innovation and collaboration.

This agreement was announced in unison with DTC's plans to transform 100% of its fleet to low-carbon footprint vehicles by 2027. This encompasses hybrid, hydrogen fuel cell, and electrical vehicles. The plan has been approved by the RTA to further the corporate strategy to provide innovative and sustainable transportation services in accordance with the highest international standards for which an AI platform is instrumental.

"The new cooperation agreement between Canada's BluWave-ai and Dubai Taxi Corporation will support UAE's net zero by 2050 and electrify the transportation sector," said Jean-Philippe Linteau, Consul General of Canada in Dubai and the Northern Emirates. He also added, "This agreement will help bring environment-friendly vehicles to Dubai as an example of a Canada-UAE climate change partnership milestone ahead of COP28."

The BluWave-ai EV Fleet Orchestrator software product uses AI to assist fleet operators in integrating electric vehicles into their fleets. The solution offers features such as intelligent EV charging, route and schedule optimization, and depot and BESS management to optimize the use of EVs. The product uses AI and machine learning algorithms to help fleet operators make informed decisions, thus reducing costs and increasing efficiency. The overall goal of the product is to help fleet operators overcome the challenges of adopting EVs, which will ultimately lead to a reduction in their carbon footprint.

"The Dubai Taxi Corporation is keen to provide safe and sustainable digital transportation solutions using the latest technologies by consolidating the foundations of strategic partnership with a globally experienced company," said Mansour Rahma Alfalasi, the CEO of Dubai Taxi. "This agreement comes in line with the Dubai government strategy towards comprehensive environmental sustainability by implementing targets to reduce carbon emissions in the taxi sector, as per the requirements of the Dubai Supreme Council of Energy, and the transition towards a green economy. This partnership is enhancing the exchange of expertise and experiences to improve services that contribute to achieving its vision of leadership in providing safe and sustainable digital transportation services."

"This partnership with Dubai Taxi is laying the foundation to show real-world AI-enabled decarbonization in the lead-up to COP28," said Devashish Paul, CEO of BluWave-ai. "We are thrilled to implement the strategic directions of the Dubai government aimed at offering green vehicles for a more sustainable environment, praising the advanced and reliable transport services provided by the company to its customers. This emphasizes the commitment to achieve the full outputs of the agreement through cooperation and ensuring the integration of the efforts of both sides, based on working in a team spirit to achieve our shared goals."

To purchase BluWave-ai's EV Fleet Orchestrator(TM) and EV Everywhere products or to participate with BluWave-ai's interoperability testing, please contact info@bluwave-ai.com.

Contact Information:
Brandon Paul
Senior Corporate Marketing Manager
brandon.paul@bluwave-ai.com

SOURCE: BluWave-ai

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

Atlas Lithium Receives US$ 20,000,000 in Non-Dilutive Funding via a Royalty Transaction

Belo Horizonte, Brazil, May 2, 2023 – (ACN Newswire) – Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company") is pleased to announce that the Company sold a 3.0% Gross Overriding Revenue royalty to Lithium Royalty Corp. ("LRC") (TSX: LIRC) in exchange for an upfront cash consideration of US$ 20,000,000 (the "Transaction") received today. These funds will expedite the development of Atlas Lithium's world-class hard-rock lithium project located in the Lithium Valley, state of Minas Gerais, Brazil. LRC is widely considered the premier lithium-focused royalty company and recently completed a highly successful initial public offering. This Transaction is the largest lithium royalty deal in Brazil to date and underscores the quality of Atlas Lithium's mineral assets. The details of the Transaction can be found in the Current Report on Form 8-K which was filed with the Securities and Exchange Commission today.

Marc Fogassa, Atlas Lithium's Chairman and Chief Executive Officer commented: "This is a landmark transaction for Atlas Lithium. Mr. Ernie Ortiz, the President and CEO of LRC, is one of the most experienced lithium investors in the world. As part of his due diligence, he met our management and operational teams, visited our Neves Project, and witnessed our drilling campaign first-hand. Mr. Ortiz has been an advocate for clean energy since 2014, and it is a privilege to have him and LRC partner with us and support our growth. Twenty million dollars is our largest raise and will solidly reinforce our continued growth. Importantly, this capital was raised in an entirely non-dilutive manner: not a single share of stock was sold."

Atlas Lithium currently has 10 active drills working towards delineating the lithium resource at the Neves Project, which represents a cluster of four claims out of the Company's total of 64 mineral rights for hard-rock lithium. An initial mineral resource report for the Neves Project under the guidelines of Regulation SK 1300 (the "Resource Report") is expected to be released in mid-2023. The Company will continue its drilling campaign following the publication of the Resource Report and plans on releasing periodic updates to such report as further drilling data is obtained.

Atlas Lithium's drilling campaign is focused on its flagship pegmatite, "Anitta," a 1.1-kilometer formation which has been proven to contain high-quality spodumene, a key lithium-bearing mineral. Anitta remains open along strike and at depth; the current drilling campaign is intended to determine the pegmatite's dimensions. Recently, the Company reported that a drill hole within Anitta identified a spodumene intersect with a high geochemical reading of 4.40% Li2O. The drilling activity within Anitta has yielded multiple instances of fresh, high-grade spodumene intersects located near the surface, a characteristic that is conducive to the development of an open pit mine.

Recently, Atlas Lithium disclosed that it had received the final metallurgical report ("Metallurgical Report") from SGS Canada Inc. ("SGS") for studies performed over several months on a representative ore sample from the Neves Project. The metallurgical results obtained by SGS showed highly effective separation, high recovery rate, and negligible impurities using standard, environmentally friendly Dense Media Separation ("DMS") techniques. The Metallurgical Report will become a chapter in the forthcoming Resource Report. Following the completion of the Metallurgical Report, SGS will begin work on a Preliminary Economic Assessment ("PEA") which is expected to be issued approximately two months after the Resource Report.

About Atlas Lithium Corporation

Atlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium projects which consist of 64 mineral rights spread over approximately 75,040 acres (304 km2) located primarily in the Lithium Valley area of the state of Minas Gerais in Brazil. In total, Atlas Lithium has 100% ownership of mineral rights for almost all battery metals including lithium (304 km2), nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2), in addition to mining concessions for gold, diamonds, and sand. The Company also owns approximately 45% of Apollo Resources Corp. (private company; iron) and approximately 28% of Jupiter Gold Corp. (OTCQB: JUPGF; gold and quartzite).

About Lithium Royalty Corp.

Lithium Royalty Corp. ("LRC") (TSX: LIRC) is a lithium-focused royalty company with a globally diversified portfolio of 31 high grade, top quartile revenue royalties on mineral properties around the world that supply and are expected to supply raw materials to support the electrification of transportation and decarbonization of the global economy. Our portfolio is focused on high-grade and low-cost mineral projects that are primarily located in top tier jurisdictions predominantly in Australia, Canada, South America and the United States. LRC is a signatory to the United Nations Principles for Responsible Investment, and the integration of ESG factors and sustainable mining are important considerations in our investment analysis and royalty acquisitions.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium Corporation and its subsidiaries (collectively, "Atlas Lithium" or "Company") and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K filed with the SEC on March 30, 2023. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

Investor Relations
Michael Kim or Brooks Hamilton
MZ Group – MZ North America
+1 (949) 546-6326
ATLX@mzgroup.us
https://www.atlas-lithium.com/
@Atlas_Lithium

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/164479

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PreIPO.com Unveils Cutting-Edge Fintech Tools at Pro Panama’s Inaugural Sustainable Investment Summit

Panama City, Republic of Panama, May 2, 2023 – (ACN Newswire) – Leading global fintech brand PreIPO has successfully participated in the First Sustainable Investment Forum of Panama, organized by PROPANAMA and held earlier this month at the Panama Convention Center in Amador, which is the biggest convention center in Central America. The disruptive private equity platform joined the event to demonstrate its innovative approach to optimizing distribution, maximizing liquidity, and democratizing the capital formation process for issuers, intermediaries, and investors.

"We are excited to explore the investment opportunities in Panama's thriving economy and contribute to its sustainable development through our innovative fintech solutions," said Harold Alvarez, Chief Syndicate Officer PreIPO.com.

The Panama Sustainable Investment Forum is a prestigious event that brings together international investors and businesses interested in exploring the sustainable investment opportunities offered by Panama's dynamic and growing economy. The event highlights Panama's unique advantages, including incomparable connectivity, a safe environment, and the benefits of various special regimes for foreign investment. Participants are introduced to the competitive, business-friendly, and transparent tax, labor, and migration legal tools available in the country.

PreIPO showcased its cutting-edge fintech solutions at the forum, highlighting the transformative potential of its platform for sustainable investments in Panama. By offering an accessible and efficient capital formation process, PreIPO aims to support the growth of sustainable businesses and contribute to the long-term economic development of the country.

"Participating in PROPANAMA's Sustainable Investment Forum has been a remarkable experience for PreIPO," said Harold Alvarez, Chief Syndication Officer at PreIPO. "We are excited to explore the investment opportunities in Panama's thriving economy and contribute to its sustainable development through our innovative fintech solutions." PreIPO.com's presence at the Panama Sustainable Investment Forum reinforces its commitment to promoting sustainable investments and fostering economic growth in emerging markets. The company's platform aims to empower businesses and investors worldwide, driving positive social and environmental impacts through smart and responsible investments.

About PreIPO.com

The event took place on the cusp of PreIPO launching its $128M Series A Round to scale globally in a rapid manner. Currently, PreIPO.com currently features over $1B in deal flow Available in the Deal Room (www.preipo.com/deal-room-preipo). PreIPO is an innovative global fintech brand that has revolutionized the private equity industry with its disruptive platform. The company's unique approach optimizes distribution, maximizes liquidity, and democratizes the capital formation process for issuers, intermediaries, and investors. PreIPO is dedicated to empowering businesses and investors with efficient, transparent, and accessible solutions that drive sustainable growth and create lasting value.

To Learn More about how you can participate in the PreIPO Ecosystem, please visit www.preipo.com or contact info@preipo.com.

Harold Alvarez
PreIPO
+1 888-863-1582
info@preipo.com

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