Black Spade shares investment insights at Global Investment Panel of BEYOND Wealth Summit for Family Offices

HONG KONG, May 23, 2024 – (ACN Newswire) – Black Spade Capital Limited (“Black Spade”), the family office of Mr. Lawrence Ho, joined the prestigious BEYOND Wealth Summit which convened in Macau with great success as one of the summit panellists. This exclusive, invite-only event brings together over 150 family offices from around the world with an aim of forging deeper ties between influential families to promote sustainable growth, heritage preservation and philanthropy with social responsibility in mind.

(From left) Ms. Enna Weng, Managing Director of Freedom Capital Markets, Mr. Oliver Weisberg, Chief Executive Officer of Blue Pool Capital, Mr. Dennis Tam, President and CEO of Black Spade and Mr. Mario Moraes of Votorantim Group

Mr. Dennis Tam, President and CEO of Black Spade and fellow panellists at BEYOND Wealth Summit

Mr. Dennis Tam, President and CEO of Black Spade was invited as one of the key panellists at the Global Investment Panel. Mr. Tam, along with his fellow guest speakers including representatives from notable family offices and family-run investment institutions such as Blue Pool Capital (Family Office of Mr. Joe Tsai) and Votorantim Group (owned by the Ermirio de Moraes family in Brasil), shared their views on various topics such as the latest investment themes, weathering market volatility and dissecting business cycles.

Mr. Dennis Tam, President and CEO of Black Spade, said, “Black Spade is honoured to be part of this megaevent for family offices. There is a conventional stereotype that equates family offices to pure wealth management. In fact, over the years, this function has long transformed from a treasury unit of high net worth individuals into a force that drives changes for the better. It is encouraging to see a growing interest for family offices and we are delighted to see Jason Ho, co-founder of BEYOND Expo bring this inspiring event to Macau. A platform like this is exactly what we need where people connect and confluence of great minds happens. This Summit is an occasion for us to celebrate new friendship and embrace new ideas. I am sure that my fellow panellists and participants all have benefited greatly like I have. I look forward to seeing this initiative grow in the future.”

About Black Spade Capital Limited

Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd.

Sinoma International Successfully Hosts The Second SINOMA Cement Green & Intelligent Summit

BEIJING, May 23, 2024 – (ACN Newswire) – The Second SINOMA Cement Green & Intelligent Summit was held in Nanjing, Jiangsu province on May 17.

Themed “Green Intelligence Empowers Cooperation,” the event was joined by more than 400 representatives from 34 countries, who had in-depth exchange of views on green and low-carbon development, digital design and intelligent management.

Together, they shared the application results of frontier technologies and discussed international cooperation in the cement industry, in an attempt to build a green, intelligent and beautiful future.

General Manager of China National Building Materials Group (CNBM) said in a speech that the group will keep adhering to its mission of “Better Materials Better World” and serve the industry and its clients with high-quality innovative achievements. The group will make this high-profile conference into a regular platform where global cement enterprises can meet and exchange with each other.

He hopes that CNBM could work together with its domestic and overseas counterparts to create a new chapter of green, low-carbon, digital and intelligent development of the global cement industry.

South African Ambassador to China Siyabonga Cyprian Cwele delivered a speech at the conference. He said that SINOMA International Engineering Co., Ltd. (SINOMA International) has played an active role in strengthening cooperation between China and South Africa since entering the South African market in 2006, highlighting the company’s professional expertise and excellent service. He also invited international businesses in the building materials industry to invest and develop in South Africa.

In his speech, Ethiopian Ambassador to China Tefera Derbew Yimam shared the characteristics and initiatives of Ethiopia’s cement industry and green development.

He said SINOMA International has promoted local cement production and created massive jobs when joining large-scale cement projects, acknowledging the company’s contribution to Ethiopia’s cement industry. He extended an invitation to all interested companies to invest in Ethiopia’s cement sector.

Chairman of SINOMA International Yin Zhisong, on behalf of the organizing committee, delivered a welcome speech at the opening ceremony of the conference, in which he shared his insights about how SINOMA International fulfilling commitments since the first summit.

He noted that SINOMA International treasures innovation, considers equipment crucial, regards the environment as its life, and values mutual trust as the source of every business relationship. The company aims to empower its global clients with world-class industrial intelligent technology and services, Yin added.

He said SINOMA International, following the corporate mission of “Promoting Green and Intelligent Development, Serving a Better World” will work to create a data-driven green and intelligent technology and service system, so as to promote the sustainable development of the global cement industry.

This conference also featured two sub-forums on “Green Low-Carbon” and “Digital Intelligence,” with a total of 29 invited reports and special technical lectures delivered in six sessions.

The Second SINOMA Cement Green & Intelligent Summit provided an important platform for enterprises in the global green and intelligent building materials industry to enhance communication, build trust, and strengthen cooperation.

The event will keep telling SINOMA stories to the world, showcase the new technologies and achievements of SINOMA International, and contribute to the high-end, intelligent, and green development of the global cement industry. It will work together with all relevant parties to build a community with a shared future for mankind, and write new chapters of development in “Green Intelligence Empowers Cooperation”.

Sinoma International Engineering Co. Ltd.,
Deng Jiexi
Email: dengjiexi@sinoma.com.cn
Website: http://www.sinoma.com.cn/
Telephone: (010)64399322

Perfios Technology Solutions Titled Indonesia Winner of Zurich Innovation Championship for Health Claims Analytics Solution

JAKARTA, May 23, 2024 – (ACN Newswire) – Perfios was honored for its innovative solution, Perfios Acclaim, at a ceremony hosted by Zurich Asuransi Indonesia in Jakarta on April 30, 2024. Distinguished attendees included Benny Jioe (Head of Digital Transformation, Zurich), Daniel Susanto (Digital Project Manager, Zurich), Amitabh Singh (Chief Business Officer, APAC & EMEA), and Mahendra Ramaiyyah (Director, Insurance Business Acquisition, APAC).

The Zurich Innovation Championship

The Zurich Innovation Championship is a global competition conducted by Zurich Insurance, one of the world’s largest insurers with a significant presence in over 215 countries. This annual event seeks startups that not only aim for profitability but also strive to make a substantial social impact. The championship emphasizes creating new value propositions and delivering innovative services beyond mere product distribution. By winning this prestigious competition, Perfios has established itself as a key player in shaping the insurance industry through impactful solutions.

Criteria and Qualifications for the Award

The selection process for the Zurich Innovation Championship is rigorous and globally oriented, focusing on companies that demonstrate a dual purpose: profitability and social betterment. Participants are evaluated on their ability to address significant industry issues with innovative solutions that have the potential to revolutionize market practices.

Significance of the Award

**Benny Jio, Head of Digital Transformation, Zurich Asuransi Indonesia presents the award to Amitabh Singh, Chief Business Officer, EMEA & APAC Insurance, Perfios**

The significance of winning the Zurich Innovation Championship cannot be understated. It underscores Perfios’ role as a transformative force in the insurance sector, particularly in combating claims fraud, which is a major contributor to the inflation of insurance premiums globally.

What Sets Perfios Apart

Founded in 2019, Perfios Technology Solutions Sdn Bhd has rapidly expanded throughout the Southeast Asia region. Supported by top-tier investors like Bessemer Venture Partners, Warburg Pincus, Kedaara Capital, and Ontario Teacher’s Venture Growth, Perfios recently raised $80 million in its latest funding round. Their clientele includes leading global banks and insurers who rely on Perfios for seamless digital transformations.

Supporting Quote

Amitabh, Chief Business Officer, Perfios Insurance International stated: “We are honored to receive this recognition from Zurich Asuransi Indonesia. Perfios Acclaim embodies our vision to provide insurers with cutting-edge technology that simplifies their operations and protects against fraud.”

Future Goals

Winning the Zurich Innovation Championship aligns perfectly with Perfios’ mission to empower insurers with innovative, reliable technology. Perfios Acclaim aims to expand its impact across Asia and further solidify its presence as a leader in the insurance technology space.

About Perfios Acclaim

Perfios Acclaim tackles the pressing challenge of claims leakages in health insurance, which cost the industry up to $28 billion annually due to fraudulent or ineligible claims. Traditional methods fall short, as human assessors struggle to correlate data across extensive documents to detect fraud. Perfios Acclaim integrates claims digitization and fraud detection into a unified solution, enabling Straight Through Processing (STP) and automatic adjudication. This reduces processing times from over a week to just 30 minutes and has saved up to 5% in claims payouts in regions like Vietnam, Malaysia, and Indonesia. For more information, visit https://perfios.ai/acclaim/.

This press release can also be viewed at Marketing in Asia (https://shorturl.at/eGWLs).

Media contact:
Komaldeep Kaur Dhir
Marketing in Asia
komal@mianext.com

PowerUP Asia 2024: Leading Power Semiconductor Companies to Discuss Challenges, Trends, and Latest Innovations

TAIPEI, TW, May 23, 2024 – (ACN Newswire) – Leading power semiconductor companies including STMicroelectronics (ST), Texas Instruments Inc. (TI), Efficient Power Conversion Corp. (EPC), onsemi, Infineon Technologies Asia Pacific Pte Ltd, and NXP Semiconductors will be discussing the latest power semiconductor development trends and innovations, and how these are helping the drive toward greener electronics, at the upcoming PowerUP Asia 2024 virtual conference.

PowerUP Asia, organized by AspenCore, publisher of EETimes Asia, EETimes India, and EDN Asia, is a two-day virtual conference and exhibition focusing on power semiconductor technologies, including wide-bandgap (WBG) devices such as gallium nitride (GaN) and silicon carbide (SiC), low- and high-voltage power semiconductors, and related technologies, as electronics manufacturers worldwide set their sights on power efficiency, carbon reduction, and greener energy.

With the theme Power Semiconductor Innovations Toward Green Goals, Decarbonization and Sustainability, PowerUP Asia, to be held from June 11–12, will feature keynotes, technical presentations, and a panel discussion, discussing the latest developments in power semiconductor and engineering, and how the industry can explore ways to accelerate the pathway to net-zero carbon emissions.

The virtual conference will also feature technical experts from UTAC Group, Rohde & Schwarz, Qorvo Inc., and Arrow Electronics.

Who Should Attend

Engineers, researchers, and industry professionals should attend the PowerUP Asian 2024 virtual expo and conference.

Engineers specializing in power electronics, semiconductor technologies, like GaN and SiC, and renewable energy systems will find immense value. Professionals in power management, converters and those exploring advancements in e-mobility and smart-grid infrastructure will gain significant insights.

Furthermore, those interested in gaining hands-on experience with state-of-the-art technologies within this field should attend. Those who possess a genuine enthusiasm for transforming energy efficiency, diminishing carbon footprints, and promoting the worldwide transition to renewable energy sources will find this conference to be of value.

For more information or to register, visit https://ve.eetasia.com/powerup2024.

About AspenCore

AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today’s engineers.

We reach over 15 million technologists, designers, engineers, and managers. We connect this electronics community to reliable news, authoritative analysis, industry trends, and daily information on new technology.

Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.

For more information, visit https://aspencore.com.

Contact Person:
Celia Shih
Marketing Manager
Taiwan/ASEAN Marketing and Circulation Department
T: +886 227591366 Ext. 103/222
E: celia.shih@aspencore.com

Kingsoft Announces First Quarter 2024 Results

HONG KONG, May 22, 2024 – (ACN Newswire) – Kingsoft Corporation Limited (“Kingsoft” or the “Company”; HKEx stock code: 03888), a leading Chinese software and Internet service company, has Announces First Quarter Results for the Period Ended March 31, 2024.

FINANCIAL HIGHLIGHTS

RMB’000	For the 3 months ended March 31
	2024	2023
Revenue	2,136,875	1,970,307
– Office software and services	1,225,349	1,051,652
– Online games and others	911,526	918,655
Gross Profit	1,740,653	1,625,393
Operating Profit	601,578	460,302
Profit Attributable to Owners of the Parent	284,570	192,343
Basic Earnings Per share (RMB)	0.21	0.14

In the first quarter of 2024, the revenue of Kingsoft increased 8% year-on-year to RMB2,136.9 million. Among them, revenue from the office software and services, and online games and others represented 57% and 43% of the Group’s total revenue for the first quarter of 2024, respectively. Gross profit for the first quarter of 2024 increased 7% year-on-year to RMB1,740.7 million, while operating profit was RMB601.6 million increased 31% year-on-year.

Mr. Jun LEI, Chairman of Kingsoft, commented: “We are off to a good start in 2024 with solid performance. With opportunities arising from the booming digital economy, Kingsoft Office Group focuses on AI and collaboration, deepening the R&D and commercialization of related products, and actively advances the implementation of new productive forces in the office field. Online games business maintains the strategy of prime games, focusing on deepening and expanding the classic JX online series while continuously exploring new game genres. In the future, we will continue to dig deeper into the office and gaming fields, and with the help of technology and innovation, we will continue to enhance our core competitiveness and strive to bring more returns to our users and investors.”

Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added: “In the first quarter, the Group demonstrated steady financial performance. The total revenue for the first quarter amounted to RMB2,136.9 million, representing a year-on-year increase of 8%, among which the revenue from the office software and services business was RMB1,225.3 million, representing a year-on-year increase of 17%, this was primarily driven by the growth of both domestic individual office subscription business and institutional subscription business. The operating profit of the Group for the first quarter increased remarkably to RMB601.6 million, marking a 31% year-on-year growth. The above achievements reflect our insistence on technology as the core, customer-oriented, and continuous improvement of products and services to bring users excellent experience.”

BUSINESS REVIEW

Office Software and Services

Revenue from the office software and services business for the first quarter of 2024 increased 17% year-on-year to RMB1,225.3 million. The year-on-year increase was mainly due to the growth of domestic individual office subscription business, institutional subscription business and institutional licensing business of Kingsoft Office Group, partially offset by the decreased internet advertising business. The growth of domestic individual office subscription business was mainly attributable to the increases in both the user stickiness and paying ratio, resulting from enriched membership benefits. The growth of domestic institutional subscription business was mainly because we continuously promoted the transformation to subscription models, as the launch of WPS 365, the new productive forces in office. The increase of institutional licensing business was mainly driven by purchase orders on localization solutions. The decrease of internet advertising business was mainly due to the shut-down of the domestic third-party advertising business at the end of 2023.

Kingsoft Office Group continued optimizing its product portfolio to support intelligent office solutions. In terms of domestic individual subscription business, we continuously enriched the membership benefits to enhance user stickiness and paying ratio. With regard to domestic institutional subscription business, we kept improving the product system, enhancing service experience, expanding ecosystem channels, and actively promoting the transformation to cloud and collaboration office. Driven by orders in the localization industry, the institutional licensing business achieved growth. In March, WPS AI began its initial commercialization. In April, we launched upgraded WPS 365, the new productive forces in office, covering the upgraded versions of WPS Office, WPS AI Enterprise Edition, and WPS Collaboration, and providing users with one-stop AI office solutions.

Online Games and others

Revenue from the online games and others business for the first quarter of 2024 decreased 1% year-on-year. The slight year-on-year decrease was primarily due to a natural decline in revenue from certain existing games, partially offset by revenue contribution from titles released in the second half of 2023.

The online gaming business maintained the strategy of prime games in the first quarter of 2024. The flagship JX3 Online demonstrated resilience and vitality, maintaining steady performance. For the mobile version JX3 Ultimate, we initiated extensive testing in collaboration with players to continuously improve the game quality. It is expected to be launched in June 2024, realizing full-platform accessibility for the flagship JX3 Online, and offering players unified gaming experience across multiple platforms. We also achieved phased progress in exploring new game genres, upheld the principle of user-first and paid high attention to user feedback and suggestions. We actively operated the anime shooter game, Snowbreak: Containment Zone, which achieved significant increases in both daily active users and gross receipts in the first quarter. The sci-fi game Mecha BREAK received the license approval in March 2024, and is undergoing testing and continuous optimization in Chinese Mainland and overseas regions, while maintaining in the top 100 of the Steam Global Wishlist since its debut.

Mr. Jun LEI concluded, “Looking ahead, Kingsoft Office Group will remain dedicated to investing in R&D of AI and collaboration, continuously exploring the application of WPS AI in office scenarios across various industries. Online games business will keep focusing on prime games, listening to user feedback and providing high-quality gaming experience. We firmly believe that these efforts will strengthen the Group’s core competitiveness and lay a solid foundation for our long-term sustainable development.”

About Kingsoft Corporation Limited

Kingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has three main subsidiaries including Kingsoft Office, Seasun and Kingsoft Shiyou. Following the implementation of its “mobile internet transformation” strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models, and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys a large market share in China. For more information, please visit http://www.kingsoft.com.

Kingsoft Investor Relations:
Yinan Li	Tel: (86) 10 6292 7777	Email: ir@kingsoft.com
For further queries, please contact Wonderful Sky Financial Group:
Angie Li Jason Lai	Tel: (852) 6150 8598 Tel: (852) 9798 0715	Email: po@wsfg.com Email: po@wsfg.com

Indonesia’s Collaboration on Treating Water Management

JAKARTA, May 22, 2024 – (ACN Newswire) –Water is the source of life. Its role is very essential for human life and the people’s development in a country. The development of water infrastructure is considered to play an important role in achieving this target.

The floating solar power plant (PLTS) in the Cirata Reservoir, West Java, Indonesia

In front of the heads of state present at the 10th World Water Forum (WWF) High Level Meeting (HLM) in Nusa Dua, Bali, Monday (May 20), Indonesian President Joko Widodo highlighted the achievements of his administration in building and strengthening domestic water infrastructure.

“In the last 10 years, Indonesia has strengthened its water infrastructure by building 42 dams; 1.18 million hectares of irrigation networks; and 2,156 kilometers of flood control and coastal protection; as well as rehabilitating 4.3 million hectares of irrigation networks,” the president noted in his opening speech.

The head of state then emphasized the important role of water, which is also utilized for a floating solar power plant (PLTS) in the Cirata Reservoir, West Java, as the largest floating PLTS in Southeast Asia.

He conveyed that the role of water is very central to human life as the World Bank research estimating that water shortages could slow down economic growth by up to six percent by 2050.

“Water scarcity can also trigger war and can be a source of disaster. Too much water or too little water can both be a problem for the world,” he remarked.

Hence, the 10th WWF is highly strategic to revitalize real action and joint commitment in realizing integrated water resources management.

The need to preserve local wisdom to treat water as a cultural value inherited from our ancestors is also important.

Widodo explained that the Subak irrigation system in Bali Province is a form of such local wisdom.

The water resources have important cultural value for Indonesian people, with the Subak irrigation system in Bali being practiced since the 11th century and recognized as a world cultural heritage.

Water for the community is the glory of God while highlighting the spiritual and cultural value of water that should be managed together. This is in line with the World Water Forum’s current theme of “Water for Shared Prosperity” which can be interpreted into three basic principles.

The principles are avoiding competition, prioritizing equality and inclusive cooperation, and supporting peace and shared prosperity. “All three can only be realized with one keyword, that is collaboration,” Jokowi stated.

Collaboration is actually needed to improve water quality and preserve its availability, amidst the threat of a water crisis. Not only the government, private sector, and academics, water management also needs to involve the younger generation.

The young generation could make a real contribution to maintaining the security and sustainability of water resources. The simplest ways were keeping plastic waste out of the ocean and saving water usage, said Cinta Laura, the Communications Ambassador for the 10th WWF, at the Media Center in Bali Nusa Dua Convention Center (BNDCC), Bali, on Monday, 20 May.

“Everyone’s involvement in water resources protection and conservation will bring a positive impact on the environment and of course the climate,” she said.

The youths could also help water preservation by spreading positive information about clean water conservation and disaster mitigation through various communication channels.

Water preservation and conservation from waste is a shared responsibility to ensure water sustainability for future generations.

Hence, the participation of all parties is needed to ensure water sustainability.

The 10th World Water Forum is taking place in Nusa Dua Bali from 18 to 25 May under the theme “Water for Shared Prosperity” and six sub-themes, namely Water Security and Prosperity, Water for Humans and Nature, Disaster Risk Reduction and Management, Governance, Cooperation and Hydro-diplomacy, Sustainable Water Finance, and Knowledge and Innovation.

Visit:
Official website: https://worldwaterforum.org
Instagram: https://www.instagram.com/worldwaterforum10/
Twitter|X: https://twitter.com/WWaterForum10
YouTube: https://www.youtube.com/@10thWorldWaterForum/
Facebook: https://www.facebook.com/wwf10/

Please contact:
Director General, Public Information and Communications, Ministry of Communications & Informatics (KOMINFO), Usman Kansong, t: +62 81 678 5320, e: humas@mail.kominfo.go.id
For daily WWF news and information, please visit https://infopublik.id.

Q2 Metals Field Crews Mobilize to Begin Spring 2024 Exploration at Cisco Lithium Property, James Bay Territory, Quebec, Canada

Vancouver, British Columbia–(ACN Newswire – May 22, 2024) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce that the Q2 geology team and drilling contractors have mobilized to begin its inaugural exploration program at the Cisco Lithium Property (the “Property” or the “Cisco Property“).

The Company will commence a detailed mapping and sampling program at the Cisco Property which will provide guidance on the extent of the lithium mineralization at the initial target area and identify other potential target areas on the sizeable primary exploration trend measuring 21 kilometres (“km”) long.

“Our geology team has arrived at our camp and work at the Cisco Property will ramp up this week,” said Q2 Metals President and CEO Alicia Milne. “Our team is motivated by the property vendors’ 2023 discovery and the massive scale of the project will keep us busy this summer.”

Q2 will also commence an inaugural drill campaign (“Spring 2024 Drill Campaign”) which will be focused on the 2023 discovery area. As the other target areas are assessed by the Q2 geology team, the Spring 2024 Drill Campaign may expand outwards.

Youdin-Rouillier Drilling of the Eeyou Istchee Territory, James Bay, Quebec is contracted to complete the diamond drilling with Dahrouge Geological Consulting Ltd. of Edmonton, Alberta managing the drill program and property-wide geological exploration.

Figure 1. Q2 Metals geologist standing on the 2023 discovery area

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/210058_2fa4dab324d7eb89_004full.jpg

About the Cisco Property

The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares in size. Located less than 10 km east of the Billy Diamond Highway, the Property is approximately 150 km north of Matagami and the closest rail link to much of James Bay. The Property lies within the greater Nemaska traditional territory of the Eeyou Istchee Territory, James Bay, Quebec.

The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.

On February 28, 2024, the Company announced it had signed an option agreement which gives the Company the exclusive right and option for the acquisition of a 100% interest in three groups of minerals claims, collectively known as the Cisco Property (the “Transaction”). The Transaction is expected to close in short order.

Figure 2. Cisco Property Location Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1454/210058_2fa4dab324d7eb89_005full.jpg

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed the technical information in this news release. Mr. McCallum is a director and VP Exploration of Q2.

Stock Option Grant

Pursuant to its equity incentive plan and subject to the acceptance by the TSX Venture Exchange, the Company has granted 1,500,000 stock options to directors, officers, and consultants of the Company to purchase an aggregate of 1,500,000 common shares in the capital of the Company at an exercise price of $0.31 per share until May 22, 2029.

About Q2 Metals Corp

Q2 Metals Corp. is a Canadian mineral exploration company focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada that includes its 100% owned Mia Lithium Property. In addition, the Company expects to add the Cisco Lithium Property to its property portfolio once the Transaction closes.

The Company’s exploration advancement at its 8,668-ha flagship Mia Lithium Property is focused on the more than 10-kilometre-long Mia Trend which is host to both the Mia 1 and Mia 2 lithium occurrences and 11 other mineralized zones along trend.

The Cisco Lithium Property is located approximately 150 km north of Matagami, Quebec and comprised of 222 mineral claims and is 11,374-ha in size. The property has district scale potential with an already identified mineralized zone and a discovery drill result of 115.4 m of 1.40% Li₂O (hole CS-23-05), cumulatively in five separate pegmatites.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

www.Q2Metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward-looking statements in this news release include, but are not limited to, the commencement of a mapping and sampling program at the Cisco Property and inferences made therefrom, closing of the Transaction in short order, , that the Spring 2024 Drill Campaign will commence on the 2023 discovery area with the opportunity to increase as the results dictate, that the Q2 will add the Cisco Property to its property portfolio, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210058

Trial Carbon Capture Unit Begins Operating on Blast Furnace at ArcelorMittal Gent, Belgium

TOKYO, May 22, 2024 – (JCN Newswire) – ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium.

The pilot carbon capture unit will operate for one to two years at Gent, to test the feasibility of progress to full-scale deployment of the technology, which would be able to capture a sizeable portion of the Gent site emissions, if successful. Engineers have been working on site since January to assemble and commission the unit.

In October 2022, the four parties announced their collaboration on a multi-year trial of MHI’s carbon capture technology (Advanced KM CDR Process™) at multiple carbon dioxide (CO2) emission points, starting at the Gent steelmaking site. The pilot carbon capture unit will be testing initially with blast furnace and reheating furnace gas and has the potential to be trialled to capture steelmaking gases such as reformer flue gas from a Direct Reduced Iron (DRI) plant.

The development of the carbon capture solution at Gent could feed into multiple CO2 transport and storage projects under development in the North Sea region and contribute to global technological solutions required for decarbonisation of steel production. The EU has an objective to achieve an annual CO2 storage capacity of 50 million tonnes by 2030, proposed under the Net-Zero Industry Act. Moreover, the International Energy Agency (IEA) estimates CCUS technology needs to apply to more than 37 per cent of primary steel production by 2050, equivalent to 399 Mtpa of CO2, for the Net Zero Emissions scenario (Source: IEA Net Zero Roadmap – 2023 update).

To further understand how MHI’s carbon capture technology can be incorporated into existing steel plants, ArcelorMittal is facilitating the trial in Gent, Belgium, with MHI supplying its proprietary carbon capture technology and supporting the engineering studies. BHP and Mitsubishi Development, as key suppliers of high-quality steelmaking raw materials to ArcelorMittal’s European operations, are supporting trial funding.

Speaking in Gent at the consortium meeting, ArcelorMittal Belgium’s CEO, Manfred Van Vlierberghe, said “ArcelorMittal Belgium’s decarbonisation efforts can be summarized in three axes. The first axis focuses on energy efficiency: reuse of waste heat and renewable energy. In our second axis, we are replacing coal with a combination of gas and electrification. And finally, the third axis, is based on circular use of carbon – CCU and CCS. Here, the installation of the carbon capture unit on our Gent blast furnace is a great example. The main ambition is to achieve completely carbon-free processes. A radical change is difficult, so we embrace every step that takes us towards our goal.”

MHI’s Senior Vice President (CCUS) of GX (Green Transformation) Solutions, Tatsuto Nagayasu, said “The launch of this pilot carbon capture unit marks a significant milestone on the iron and steel industry’s journey toward net-zero emissions. As a provider of innovative technologies, we are thrilled to witness our solutions in action, helping to decarbonize existing assets. We eagerly anticipate further deploying our technologies to achieve this goal.”

BHP Group Sales & Marketing Officer Michiel Hovers said “This represents real progress in proving up the feasibility of carbon capture for steel production, and BHP is delighted to be part of this consortium working on the pilot plant. This work could help develop a technology that may significantly lower CO2emissions intensity from the blast furnace which remains critical to meet steel demand, and while other pathways are further matured.”

Mitsubishi Development Chief Executive Officer, Kenichiro Tauchi said “This pilot is a significant step towards advancement of carbon capture technology as a potential solution to achieve solid emission reductions in the steel sector. We will continue to demonstrate our commitment to advancing confidence in reducing emissions in hard to abate industries as we move towards achieving a carbon neutral society.”

The trial at Gent will have two phases. The first phase involves separating and capturing the CO2 from the top gas from the blast furnace at a rate of around 300kg of CO2 a day – a technical challenge due to the differing levels of contaminants in the top gas. The second phase involves testing the separating and capturing of CO2 in the off-gases in the hot strip mill reheating furnace, which burns a mixture of industrial gases including coke gas, blast furnace gases and natural gas.

Members of the project team for ArcelorMittal, BHP, MDP and MHI recently visiting the pilot plant in Gent, Belgium

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2023 generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and, 42.0 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

About BHP

BHP is a leading global resources company with approximately 80,000 employees and contractors, primarily in Australia and the Americas. BHP’s products are sold worldwide, and it is among the world’s top producers of major commodities, including iron ore, copper, nickel, and metallurgical coal. Read more about our approach to climate change: www.bhp.com/climate

About Mitsubishi Development

Mitsubishi Development Pty Ltd has contributed to global industries for more than 50 years through its developments in the mineral resources sector and is a wholly owned subsidiary of Mitsubishi Corporation, one of Japan’s premier general trading and investment organisations with more than 80,000 employees globally.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world.

Please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

Autobrains Announces Its Design Win for ADAS Solution Implementing Liquid AI in Chinese Electric Vehicle

TEL AVIV, ISRAEL and MUNICH, GERMANY, May 21, 2024 – (ACN Newswire) – Autobrains, a disrupter in automotive artificial intelligence (AI) and Advanced Driver Safety Systems (ADAS), today announced their nomination, which will see Autobrains’ innovative software, Liquid AI, deployed in a new line of vehicles developed by a leading Chinese Electric Vehicle manufacturer. Production of these new vehicles is expected to begin during Q4, 2024.

Autobrains Announces Design Win for ADAS AI Solution in Chinese Electric Vehicle

Autobrains Announces Design Win for ADAS Solution Implementing Liquid AI in Chinese EV Expected to launch in Q4 2024, Autobrains’ new vehicle production features an advanced ADAS solution, harnessing cutting-edge Artificial Intelligence

Autobrains has established the development of revolutionary AI solutions, including its flagship Liquid AI technology, which has been central to addressing the most complex challenges in today’s automotive AI landscape. While details of the partner remain confidential, the collaboration is set to redefine industry standards and accelerate the adoption of advanced driver-assistance systems across the automotive sector.

Igal Raichelgauz, Founder and CEO of Autobrains, commented, “Teaming up with a leading Chinese automotive player reinforces the exceptional performance and adaptability of our advanced AI systems. By integrating our cutting-edge technology with their robust manufacturing capabilities, we are creating a new paradigm shift for what AI in vehicles can achieve. Our shared commitment to innovation will help accelerate the adoption of AI-driven solutions, enhancing the driving experience and pushing the entire industry forward.”

Autobrains is set to redefine the future of driving in China and globally with its pioneering technology – known for its exceptional edge case detection, remarkably low power consumption, and for being hardware agnostic. This strategic partnership and implementation of Liquid AI technology into mass production exemplifies Autobrains’ commitment to global market expansion and underscores our relentless pursuit of innovation in the automotive sector.

For more information about Autobrains and its cutting-edge Liquid AI and ADAS solutions, please visit autobrains.ai

About Autobrains

Autobrains is a leading AI company in the automotive industry. Autobrains invented and developed a paradigm-shifting AI technology: Liquid AI – backed by 250+ patents addressing autonomous driving challenges. Implementing this unique AI technology for ADAS applications disrupts the market with its unprecedented perception capabilities, low compute requirements, and agnosicity to sensors and SoCs. The company is backed by strategic investors including Temasek, Knorr-Bremse AG, BMW i Ventures, Toyota Ventures, VinFast, Continental AG, and Autel.

Learn more: https://autobrains.ai.

Contact Information
Sophia Eichler
Director of Marketing
media@autobrains.ai
+49 15167066494

SOURCE: Autobrains Technologies

View the original press release on newswire.com.

Loop Industries Collaborates With On and Unveils Launch of the Cloudeasy Cyclon, a Shoe Manufactured With the Infinite Loop(TM) Fiber-To-Fiber Recycling Technology

MONTREAL, QUEBEC, May 21, 2024 – (ACN Newswire) – Loop Industries, Inc. (Nasdaq:LOOP) (the “Company” or “Loop”), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today announced its collaboration with On, the Swiss sportswear brand, and unveiled the launch of the Cloudeasy Cyclon shoe. This innovative shoe, part of On’s Circular Cyclon™ program, is a groundbreaking achievement in sustainable footwear, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.

Photo: The Cloudeasy Cyclon shoe, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.

This collaboration combines On’s commitment to performance and sustainability with Loop’s disruptive technology to manufacture a shoe that is not only manufactured with recycled polyester fiber but can also be recycled into new shoes endlessly. This closed-loop system minimizes waste and maximizes sustainability, setting a new standard for environmentally responsible footwear manufacturing. Coloured, multi-material textile waste that was destined to be incinerated was diverted and upcycled into recycled polyester fiber and used in the upper of the Cloudeasy Cyclon shoe. The recycled polyester fiber was created from purified rDMT and rMEG monomers that were manufactured at Loop’s depolymerization facility in Terrebonne, Quebec, which were then polymerized into 100% recycled virgin quality Loop™ PET resin by Loop’s strategic partner, Ester Industries Ltd. On is the first footwear company to launch a shoe using the Infinite Loop™ fiber-to-fiber recycling technology.

The Cloudeasy Cyclon represents a new era of sustainable footwear and sets a precedent for circularity in the industry. The Infinite Loop™ technology not only reduces reliance on virgin materials produced from fossil fuels but also significantly cuts down carbon emissions by up to 79%1. Together with Loop, On is setting a new benchmark and standard for sustainable footwear, leading the way towards a circular future for the footwear and textile industry.

“We are excited to collaborate with Loop Industries as we take this significant next step in our circularity journey,” said Begüm Kürkçü, Director of Sustainability at On. “This latest expansion of the Cyclon program brings us closer to our long-term vision of becoming circular through design and business models.”

Daniel Solomita, Founder and CEO of Loop Industries, commented ” Our collaboration with On is a prime example that demonstrates the power and impact of fiber-to-fiber recycling, and showcases how polyester fiber waste can be transformed into virgin quality, recycled materials for new products. Our Infinite Loop™ technology enables brands to lower their carbon footprint without impacting quality or performance and helps pave the way for a more circular approach to manufacturing.”

The Cloudeasy Cyclon is available online through On’s subscription service Cyclon™ at www.on.com/cyclon

To view the press release issued by On, please click on the following link:

https://press.on-running.com/swiss-sportswear-brand-on-expands-its-circularity-program-with-two-new-shoe-models

About On

On was born in the Swiss Alps in 2010 with the mission to ignite the human spirit through movement – a mission that still guides the brand today. Fourteen years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel and accessories for high-performance running, outdoor, training, all-day activities and tennis. On’s award-winning CloudTec® innovation, purposeful design and groundbreaking strides within the circular economy have attracted a fast-growing global fan base – inspiring humans to explore, discover and Dream On.

On is present in more than 60 countries globally and engages with a digital community on www.on.com.

1 Life Cycle Assessment of Loop GEN II Infinite Loop France done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET. CO2 savings are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling Loop Industries Collaborates With on and Unveils Launch of the Cloudeasy Cyclon, a Shoe Manufactured With the Infinite Loop™ Fiber-To-Fiber Recycling Technologyour customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”

For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

Forward-Looking Statements

This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

For More Information:

Investor Relations:
Kevin C. O’Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com

Media Inquiries:
Andrea Kostiuk, VP Marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

SOURCE: Loop Industries, Inc.