Acrometa to Expand to Thailand through MOU with Waste Management Company on Construction and Operation of Laboratory

SINGAPORE, Mar 21, 2023 – (ACN Newswire) – ACROMETA Group Limited, an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, announced that it has entered into a Memorandum of Understanding (MOU) with a Thailand company whose principal activity is the provision of industrial waste disposal services.

The Thailand company provides non-hazardous waste disposal services. It owns and operates one of Thailand's largest landfills and requires a laboratory in Thailand ("Laboratory") for the testing and certification of solid waste and sludge to ensure proper treatment of any hazardous materials.

The MOU states the intention by the parties to jointly discuss and negotiate definitive agreements on:

1. The design and construction of the Laboratory by ACROMETA's wholly-owned subsidiary Acromec Engineers Pte Ltd
2. The operation of the Laboratory by ACROMETA's co-working laboratory space operator Life Sciences Incubator Pte Ltd ("LSI")
3. Opportunities for ACROMETA and/or its subsidiaries to participate as a joint venture partner in the ownership of the Laboratory.

The MOU shall be valid for a period of six months from the date of signing with the option for extension by mutual agreement.

ACROMETA's Future Economy + Synergy Strategy

On 20 February 2023, ACROMETA announced that it had entered into a binding letter of intent to purchase an additional 40% of the shares of LSI to become the controlling shareholder. On expected completion date, LSI will be a 70% owned subsidiary of ACROMETA.

ACROMETA Chairman Mr Levin Lee Keng Weng had said, "This potentially carves out a new promising mainstream business for us as controlled environment specialist."

The co-working laboratory space business has strong growth potential as Singapore transforms its economy towards high-value sectors such as Biotech, Agritech, and Foodtech with more and more companies conducting research & development activities. Serving SMEs and start-ups and in particular those in the MedTech, Biotech, Biopharma, FoodTech, and Healthcare sectors, LSI provides flexible co-working laboratory spaces for their research and development. It also has synergy with ACROMETA's core controlled environments design and construction business.

Chief Executive Officer Mr. Lim Say Chin had added, "Our wholly owned subsidiary Acromec Engineers, with its experience as builders of cutting-edge laboratories will continue to support LSI's expansion with its controlled environments engineering expertise in Singapore and the region."

On the MOU with the Thailand company, Mr. Lee said, "A future economy business such as the operation of co-working laboratory space plus its synergy with ACROMETA's current core controlled environments design and construction has the potential to elevate the Group to a higher growth trajectory. It also opens the door for ACROMETA to scale its business, including expansion overseas."

In its 20 February 2023 announcement, the Group also mentioned that it was in talks for the proposed development of a co-working laboratory space in Australia, with world-renowned co-working space operator who has in principle agreed, subject to binding agreement, to be one of the anchor tenants.

For a reference on ACROMETA's controlled environments engineering business, newly-acquired co-working laboratory and its Future Economy + Synergy growth strategy please see: https://www.investor-one.com/editorial/22635-ACROMETA-Future-Economy–Synergy-Higher-Growth-Rate

Reference:
https://links.sgx.com/1.0.0/corporate-announcements/517KQ9GG6NX97RM4/339498d63b4046b7f328cb64347577597f5e686256a6a656d6b8ee4eb6d5126b
https://links.sgx.com/FileOpen/Acrometa%20-%20MOU_210323_Final.ashx?App=Announcement&FileID=750414

About ACROMETA Group Limited (SGX Stock Code: 43F)

ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments.

The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.

ACROMETA's business is divided into three main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure. (iii) Co-Working Laboratory business; currently operates a 6,500 sq feet co- working laboratory space at The German Centre in Singapore serving SMEs and start-ups.

The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA counts amongst its customers, hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.

The company has been listed on the Catalist board of the Singapore Exchange since 2016.

For more information, please visit www.acrometa.com.

Media and Analysts Contact:
ACROMETA Group Limited
Mr. Jerry Tan
Chief Financial Officer
Tel: +65 6415 0574
Email: jerry.tan@acromec.com

Waterbrooks Consultants Pte Ltd
Mr. Wayne Koo
Tel: +65 6958 8008 / +65 9338 8166
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg

Proud Investor Relations partner: https://www.shareinvestorholdings.com/ and https://www.waterbrooks.com.sg/

This media release has been reviewed by the Company's sponsor, Evolve Capital Advisory Private Limited (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.

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

Singapore family cord blood bank Cryoviva upgrades to AXP II System for cord blood processing

Widely recognised as a benchmark for volume reduction of cord blood processing, this FDA-cleared, functionally closed automated system allows for high recovery rate of mono-nuclear cells (MNCs) with greater safety and better quality, benefiting families storing their child’s cord blood.

Singapore, Mar 21, 2023 – (ACN Newswire) – Cryoviva Singapore, reputed to be among the top family cord stem cell banking companies in Southeast Asia, is making a significant upgrade to its cord blood processing capability with a switch to the AXP^® II system.

The fully automated and programmable cell separation and recovery system, that allows for a fast and reproducible separation of cord blood in a sterile environment, reduces human error, accurate processing without damage to the cells and delivers consistent results. The AXP^® II system, which has received both the CE mark and FDA 510K clearance, complies with good tissue practices (cGTP) and good manufacturing practices (cGMP). Globally, the system has already processed over a million cord blood units (CBU).

Designed to provide high-quality stem cell concentration from cord blood, the AXP^® II system has demonstrated viable CD34⁺ stem cell recovery of >97% that is higher than most other known available systems. Moreover, CBUs processed with this system are seen to be richer in MNC than units that are conventionally processed with similar total nucleated cells (TNC).

“We are excited to be upgrading to the AXP^® II system, which we believe provides the best outcomes for both our customers and us. Not only will our customers benefit from the quality and consistency of cord blood processing, but the system will also enhance the efficiency of our lab operations significantly with complete automation and software-driven tracking capabilities,” said Dr.Toh Keng Kiat, Medical Director.

“Cryoviva Singapore is committed to provide our customers with quality that is of the highest standard. Our upgrade to the AXP^® II system is another investment towards that goal. The faster speed and efficiency accorded by the system’s capabilities will also improve our scalability and help us serve even more families. We will continue to invest in technologies and systems that will help us fulfil our mission to enable every family to discover the miracle of cord stem cells,” said Rajesh Nair, CEO of Cryoviva Singapore.

About Cryoviva Singapore

Established in 2014, Cryoviva Singapore (https://cryoviva.com.sg) is a reputed home-grown family cord blood bank in Singapore. The company is backed by reputed multinational investor organisations like RJ Corp, Indorama and MMI Singapore. The Cryoviva group has successfully stored over 160,000 umbilical cord blood units. Cryoviva Singapore’s cord blood storage facility is MoH-licensed, AABB accredited for both cord blood and cord tissue and ISO 9001:2015 QMS Certified. Cryoviva Singapore adheres to stringent processes and quality standards. Thanks to being centrally located and proximity to most major maternity hospitals in Singapore, cord blood samples reach its facilities very quickly and efficiently to ensure top quality maintenance upon storage.

Media Contact:
Natalie Lim
Marketing Manager
Tel: +65-83398482
E-mail: marketing@cryoviva.com.sg

EveLab Insight Releases Latest Product Feature – Glow Detection, Helping Beauty Businesses Upgrade Personalized Skincare Solutions Through AI Skin Analysis System

SINGAPORE, Mar 20, 2023 – (ACN Newswire) – EveLab Insight, a leading AI skin analysis company, is pleased to announce the release of its newest feature of its 3D skin analysis system – Glow Detection. For decades, consumers have sought the perfect product to achieve "glowing" skin. After working with dozens of industry-leading brands, such as Shiseido and Dior, EveLab Insight has developed a scientific and repeatable way to assist brands in helping their clients' skin achieve a healthy radiance.

AI Skin Analysis System – EveLab Insight professional skin analysis machine empowers beauty businesses through in-depth skincare insights.

Drawing on years of skin research, EveLab Insight uses advanced imaging technology and parallel polarized light to accurately detect skin issues at both the surface and deep levels of the skin. Advanced algorithm training and deep learning allow EveLab Insight's professional skin analysis machine to identify and analyze key dimensions contributing to glowing skin: oiliness condition, skin texture, and evenness of skin tone. Leveraging this information, brands can confidently recommend customized skincare solutions based on individual needs.

EveLab Insight's skin analysis system offers more than just a tool for ground-level analysis. Its insights on skincare empower enterprises across all departments, from R&D to marketing to brand ambassadors. R&D teams can leverage EveLab Insight's generated skincare insights to develop products that meet market demands, while the customizable UI can help marketing departments highlight key product features. Most importantly, brand ambassadors can use the AI skin analysis tool to enhance customer experience and build trust between consumers and the brand.

EveLab Insight believes that achieving a glossy complexion is not just about external factors, but also about maintaining a healthy skin barrier. With the Glow Detection feature, EveLab Insight hopes to empower individuals and enterprises alike to take a more holistic approach to skincare and achieve their best, most radiant selves.

About EveLab Insight

EveLab Insight's AI skin analysis feature is a game-changer for the skincare industry. With its precise detection system and customizable recommendations, it not only helps customers achieve healthier skin but also empowers companies to make better business decisions. Based on award-winning algorithms and patented technologies, EveLab Insight offers panoramic AI skin analyzers, a hand-held skin analyzer, and a photo-based skin analysis app for O2O scenarios. Please visit our website to unlock more tips to accelerate your beauty business: www.evelabinsight.com.

Contact Information
Daisy Zhang
Marketing Manager
daisy.zhang@evelabinsight.com

SOURCE: EveLab Insight

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

VueReal Inc. Announces the Appointment of Kevin Soukup, a Semiconductor Industry Veteran, as a Member of the Board of Directors

WATERLOO, ONTARIO, Mar 20, 2023 – (ACN Newswire) – 2023 continues to see growth opportunities as VueReal builds off the momentum gained from 2022. VueReal remains focused on its vision of enabling new, innovative, and enriching products through sustainable micro-pixel fabrication.

The significant growth opportunity in automotive, aerospace, consumer electronics, health and medical demands detailed planning to stay focused on its vision. In addition, different fabrication scaleup opportunities for VueReal in North America require deep and tough strategic discussion and planning. To ensure that VueReal can scale up successfully and strategically, the company is excited to welcome Kevin Soukup to its Board of Directors.

Dr. Reza Chaji, CEO of VueReal, said, "We're excited to announce that Kevin Soukup has joined VueReal's Board of Directors. Kevin brings a wealth of semiconductor knowledge and experience and will play a key role in helping VueReal scale its business." Kevin started his career in the semiconductor industry with Samsung in 2000, where he spent 11 years in a variety of engineering and operations leadership roles. Kevin joined GlobalFoundries in 2011, where he supported the ramp-up of its semiconductor wafer manufacturing facility in Malta, NY. He currently serves as the company's Chief Strategy Officer, responsible for long-range planning, integrated strategy and corporate development.

With the added expertise to our Board and organization, VueReal has set its sights on establishing itself as a critical supplier of micro-pixel fabrication for strategic markets in North America and Europe.

"I'm excited to join VueReal's board of directors at such a pivotal time for the company," said Kevin Soukup. "Their talented team has developed innovative technologies which enable mass production of high-quality custom displays that will significantly accelerate the uLED adoption curve. I look forward to working with the VueReal team to help steward this next stage of growth."

About VueReal

VueReal, a semiconductor and cleantech company, has developed a revolutionary semiconductor fabrication process called the microSolid Printing platform, enabling the efficient, practical, and scalable production of microLED/microSensor applications. This platform extends the use of microLED/microSensors to automotive, aerospace, smartwatch, smartphone, TV, IT, medical, and more. VueReal has established strong partnerships with leading industry players to commercialize its solutions.

VueReal also offers customized display manufacturing services for niche and mainstream markets, leveraging its state-of-the-art facilities and multidisciplinary research team. VueReal has used its platform to develop and commercialize microLED displays for different applications in North America.

Contact Information
Reza Chaji
CEO
info@vuereal.com

SOURCE: VueReal Inc.

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

The DLT Science Foundation Makes its Public Launch to Revolutionize Industries and Society

LONDON, Mar 20, 2023 – (ACN Newswire) – The DLT Science Foundation (DSF), a global, non-profit organization, launched today with the goals of expanding knowledge and adoption of, and removing barriers to, fundamental breakthroughs in the field of distributed ledger technology (DLT).

Central to the Foundation's plan to support the responsible adoption of DLT is a comprehensive set of programmes that will offer support in three key areas:

– Education – for students, executives and developers: courses, labs and educational material
– Innovation – for entrepreneurs: open innovation programs, accelerators, workshops, hackathons, industry-academia knowledge transfer
– Research – for academics, Postdocs and PhDs: grants and fellowships

This support will be provided by the Foundation itself and through the use of grants to members of the DSF University Network. This network will feature a diverse array of leading universities from all over the world. Initially, the network comprises Indian Institute of Technology Madras, London School of Economics, National University of Singapore, University College London, and University of Zurich.

Other institutions that share the DSF's vision of promoting DLT are invited to join the DSF University Network and enjoy exclusive access to proprietary tools providing valuable insight into the crypto market and data for research purposes.

The DSF has been initially supported by Hedera, the open-source, leaderless proof-of-stake network, which will also lend valuable DLT expertise to the DSF University Network.

The first call for grant proposals opens today, offering funding up to 5 million US dollars for eligible individuals and organizations.

The DSF was conceived by two visionaries: Professor Paolo Tasca and Nikhil Vadgama. Prof. Tasca is a renowned economist who possesses a wealth of experience in both the industry and regulatory aspects of distributed systems. He is the founder of the acclaimed UCL Centre for Blockchain Technologies (CBT). Nikhil Vadgama is a Senior Technology Executive, the Deputy Director of UCL CBT, and a distinguished educator and lecturer at UCL who has received numerous accolades for his work.

Similar to the technology it advocates for, the DSF is a decentralized entity consisting of a global network of scientists and top experts in DLT.

The DSF programs will address real-world grand challenges and will be run through an innovative open collaborative innovation model between academia, industry and government to spur the translation of fundamental research into innovative commercial and societal solutions.

Paolo Tasca, Chairman and co-founder of the DSF said: "After two years of hard work and dedication, I am thrilled to announce the launch of the DLT Science Foundation. It is a privilege to work alongside talented and passionate individuals who will help make the DLT Science Foundation a leading voice in the world of emerging digital technologies. I am eager to witness the groundbreaking innovations that will emerge from our efforts. The DLT Science Foundation aims to drive innovation, foster new collaborative models between academia, industry, and government, and promote the responsible adoption of DLT in business and society. I am excited to continue this journey with our team, partners, and supporters, and I am confident that together, we will unlock the full potential of DLT and create a better future for all."

"The DSF has a unique opportunity to provide unmatched support and empowerment to academics and educators in universities. Drawing from our own experiences and the challenges we have faced, we have developed grant programs that are specifically designed to address the needs of the DLT community. We are excited to collaborate with educators and academics to continuously improve and enhance these programs, and to create a platform for unprecedented growth and success in the field of DLT research, education and innovation," said Director and co-founder Nikhil Vadgama.

"We are thrilled to join the DSF University Network and connect with other top universities around the world," said Nicholas Mac Gregor Garcia, Co-Director of the NUS FinTech Lab. "NUS is not only one of the top Asian universities, but also one of the world's best in CoinDesk's blockchain university rankings. We are leaders in blockchain education, offering 37 blockchain-related courses in all levels from Executive Education to PhD. We are committed to driving cutting-edge research in blockchain and crypto, and we believe that partnering with the DSF will allow us to do just that. We look forward to using DSF resources and tools to further our projects and contribute to the network's mission of advancing the field of blockchain. We hope to share our expertise and bring our unique perspective to the table, creating a mutually beneficial relationship."

Pradeep Iyer, member of the Board of Directors of the Hedera Governing Council, representing Avery Dennison, said, "To me, the promise of "web3" is deeply compelling – particularly to enable amazing technological developments that can support effective, efficient societal self-orchestration. The colossal magnitude, scope and diversity of data can be effectively consumed only by architecturing a robust, secure, trusted DLT foundation that can scale globally. Such a complex undertaking to me is a clarion call for assembling a solid academic community of best-in-class researchers, innovators and entrepreneurs who can credibly help inform supportive government policy. It is epochal to see this coming together under the auspices of DSF – a worldwide coalition of powerful neural energy."

Claudio Tessone, Head of the University of Zurich Blockchain Center (UZH BCC) (and Professor of Blockchain and Distributed Ledger Technologies) said: "As a large-scale interdisciplinary centre which aims at the creation of high quality research and education through a critical understanding on distributed ledger technologies, the UZH Blockchain Center is proud to join the DSF University Network. Entering this initiative allows us to pool our resources with other leading global institutions. UZH BCC specializes in impactful academic production with a worldwide reputation, as highlighted by the last CoinDesk blockchain university ranking. We are confident that DSF resources and tools will allow us to produce outputs of high value to the industry and the advancement of this fascinating space."

To join the DLT Science Foundation's University Network today and accelerate the development of education, research and innovation in academia and beyond, visit https://www.dltscience.org/.

About the DLT Science Foundation

The DLT Science Foundation (DSF) is committed to driving the growth of distributed ledger technology in business and society by empowering education, innovation, and research through its academic network and partnerships with industry leaders. Discover how the DLT Science Foundation can support your journey into distributed ledger technology.

Visit: https://www.dltscience.org/
Twitter: https://twitter.com/DLT_Science
LinkedIn: https://www.linkedin.com/company/dltscience/about/

Media Contact:
comms@dltscience.org

SOURCE: DSF OPCO LTD

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

SNS Network to Supply Apple Products and Accessories to Kumon Malaysia

IPOH, Malaysia, Mar 20, 2023 – (ACN Newswire) – SNS Network Technology Berhad (Bursa: SNS, 0259), an ICT system and solutions provider, is pleased to announce that the Company's wholly-owned subsidiary, SNS Network (M) Sdn. Bhd, has signed a collaboration agreement with Kumon Education (Malaysia) Sdn. Bhd. to supply Apple iPad products and accessories to Kumon Malaysia's students and parents.

Managing Director of SNS, Ko Yun Hung

Mr. Ko Yun Hung, Managing Director of SNS and Mr. Atsushi Hasegawa, General Manager of Kumon Malaysia [L-R]

Kumon Malaysia is part of the largest established after-school enrichment programme in the world with over 4 million students currently enrolled across 50 countries and regions. The collaboration agreement covers over 200 Kumon learning centres and can benefit more than 37,000 students in Malaysia.

As part of the agreement, SNS will create and maintain a portal from which Kumon Malaysia's parents and students can access while also undertaking all services related to the supply of Apple iPad products and accessories.

Managing Director of SNS, Ko Yun Hung said, "This collaboration enables Kumon Malaysia to gain access to a range of Apple products and accessories offered by SNS in a seamless manner and also allow us to better serve and communicate with parents and students through the dedicated portal. These products will enrich students' after-school learning experience, providing them access to tools to stimulate their minds and enabling them to interact with each other."

General Manager of Kumon Malaysia, Atsushi Hasegawa said, "The supply of iPad products and accessories through the collaboration with SNS is part of Kumon Connect feature launched in January 2023 to encourage students to enjoy the learning process together online. We believe that digital learning is increasingly an important part of the entire learning process for students and we would like them to have a great head start."

ABOUT SNS NETWORK TECHNOLOGY BERHAD

SNS Network Technology Berhad is principally involved in the provision of ICT products, services and solutions. The Group's core business activities are the sale of ICT products comprising hardware, devices and related peripherals, as well as the provision of ICT services and solutions and; provision of device repair and related services, as well as sale of broadband services.

Under ICT services and solutions, SNS offers JOI(R) smart classroom framework, which integrates and combines a broad range of features to support effective teaching and learning and, Device-as-a-Service (DaaS), a subscription-based service. DaaS offers customers bundled ICT products comprising devices and services according to their requirements.

ABOUT KUMON EDUCATION (MALAYSIA) SDN BHD

Kumon Education (Malaysia) Sdn Bhd is part of the largest established after-school enrichment programme in the world with over 4 million students currently enrolled across 50 countries and regions. Kumon Malaysia was formed in 1997 and is the country's largest after-school enrichment programme providing learning of Mathematics and English through the Kumon Method.

SNS Network Technology: 0259 [BURSA: SNS], https://www.sns.com.my/

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

The DLT Science Foundation Makes its Public Launch to Revolutionize Industries and Society with Distributed Ledger Technology

LONDON, Mar 20, 2023 – (ACN Newswire) – The DLT Science Foundation (DSF) (www.dltscience.org), a global, non-profit organisation, launched today with the goals of expanding knowledge and adoption of, and removing barriers to, fundamental breakthroughs in the field of distributed ledger technology (DLT).

Central to the Foundation's plan to support the responsible adoption of DLT is a comprehensive set of programmes that will offer support in three key areas:

– Education – for students, executives and developers: courses, labs and educational material
– Innovation – for entrepreneurs: open innovation programs, accelerators, workshops, hackathons, industry-academia knowledge transfer
– Research – for academics, Postdocs and PhDs: grants and fellowships

This support will be provided by the Foundation itself and through the use of grants to members of the DSF University Network. This network will feature a diverse array of leading universities from all over the world. Initially, the network comprises Indian Institute of Technology Madras, London School of Economics, National University of Singapore, University College London, and University of Zurich.

Other institutions that share the DSF's vision of promoting DLT are invited to join the DSF University Network and enjoy exclusive access to proprietary tools providing valuable insight into the crypto market and data for research purposes.

The DSF has been initially supported by Hedera (https://hedera.com), the open-source, leaderless proof-of-stake network, which will also lend valuable DLT expertise to the DSF University Network.

The first call for grant proposals opens today, offering funding up to 5 million US dollars for eligible individuals and organisations.

The DSF was conceived by two visionaries: Professor Paolo Tasca and Nikhil Vadgama. Prof. Tasca is a renowned economist who possesses a wealth of experience in both the industry and regulatory aspects of distributed systems. He is the founder of the acclaimed UCL Centre for Blockchain Technologies (CBT). Nikhil Vadgama is a Senior Technology Executive, the Deputy Director of UCL CBT, and a distinguished educator and lecturer at UCL who has received numerous accolades for his work.

Similar to the technology it advocates for, the DSF is a decentralized entity consisting of a global network of scientists and top experts in DLT.

The DSF programs will address real-world grand challenges and will be run through an innovative open collaborative innovation model between academia, industry and government to spur the translation of fundamental research into innovative commercial and societal solutions.

Paolo Tasca, Chairman and co-founder of the DSF said, "After two years of hard work and dedication, I am thrilled to announce the launch of the DLT Science Foundation. It is a privilege to work alongside talented and passionate individuals who will help make the DLT Science Foundation a leading voice in the world of emerging digital technologies. I am eager to witness the groundbreaking innovations that will emerge from our efforts. The DLT Science Foundation aims to drive innovation, foster new collaborative models between academia, industry, and government, and promote the responsible adoption of DLT in business and society. I am excited to continue this journey with our team, partners, and supporters, and I am confident that together, we will unlock the full potential of DLT and create a better future for all."

"The DSF has a unique opportunity to provide unmatched support and empowerment to academics and educators in universities. Drawing from our own experiences and the challenges we have faced, we have developed grant programs that are specifically designed to address the needs of the DLT community. We are excited to collaborate with educators and academics to continuously improve and enhance these programs, and to create a platform for unprecedented growth and success in the field of DLT research, education and innovation," said Director and co-founder Nikhil Vadgama.

"We are thrilled to join the DSF University Network and connect with other top universities around the world," said Nicholas Mac Gregor Garcia, Co-Director of the NUS FinTech Lab. "NUS is not only one of the top Asian universities, but also one of the world's best in CoinDesk's blockchain university rankings. We are leaders in blockchain education, offering 37 blockchain related courses in all levels from Executive Education to PhD. We are committed to driving cutting-edge research in blockchain and crypto, and we believe that partnering with the DSF will allow us to do just that. We look forward to using DSF resources and tools to further our projects and contribute to the network's mission of advancing the field of blockchain. We hope to share our expertise and bring our unique perspective to the table, creating a mutually beneficial relationship."

Pradeep Iyer, member of the Board of Directors of the Hedera Governing Council, representing Avery Dennison, said, "To me, the promise of "web3 is deeply compelling – particularly to enable amazing technological developments that can support effective, efficient societal self-orchestration. The colossal magnitude, scope and diversity of data can be effectively consumed only by architecturing a robust, secure, trusted DLT foundation that can scale globally. Such a complex undertaking to me is a clarion call for assembling a solid academic community of best-in-class researchers, innovators and entrepreneurs who can credibly help inform supportive government policy. It is epochal to see this coming together under the auspices of DSF – a worldwide coalition of powerful neural energy."

Claudio Tessone, Head of the University of Zurich Blockchain and Distributed Ledger Technologies Center (UZH BCC), said, "As a large-scale interdisciplinary centre which aims at the creation of high quality research and education through a critical understanding on distributed ledger technologies, the UZH Blockchain Center is proud to join the DSF University Network. Entering this initiative allows us to pool our resources with other leading global institutions. UZH BCC specialises in impactful academic production with a worldwide reputation, as highlighted by the last CoinDesk blockchain university ranking. We are confident that DSF resources and tools will allow us to produce outputs of high value to the industry and the advancement of this fascinating space."

To join the DLT Science Foundation's University Network today and accelerate the development of education, research and innovation in academia and beyond, visit www.dltscience.org/.

About the DLT Science Foundation

The DLT Science Foundation (DSF) is committed to driving the growth of distributed ledger technology in business and society by empowering education, innovation, and research through its academic network and partnerships with industry leaders.

Discover how the DLT Science Foundation can support your journey into distributed ledger technology.

Visit: https://www.dltscience.org/
Twitter: https://twitter.com/DLT_Science
LinkedIn: https://www.linkedin.com/company/dltscience/about/

Media Contact
pr@hedera.com

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

China Everbright Limited Announces 2022 Annual Results

HONG KONG, Mar 17, 2023 – (ACN Newswire) – China Everbright Limited ("CEL" or "the Group", stock code: 165.HK) today announced its annual results for the year ended 31 December 2022 ("the reporting period").

Financial Highlights of 2022 Annual Results
— Loss attributable to shareholders of the Company was HK$7.443 billion; the unrealised loss on investments was primarily due to a decrease in the valuation of investment projects.
— Fund raising continued and total AUM reached approximately HK$165.4 billion.
— Carried out diversified exits with 86 projects fully/partially exited, achieving a cash return of approximately HK$13.9 billion.
— Maintained strong liquidity with cash and cash equivalents of approximately HK$8.2 billion and with unutilised bank facilities available for use of approximately HK$12 billion.
— Maintained dividend payments with final dividend: HK$0.15 per share.

2022 was a challenging year. The international landscape was complex. Global economic growth decelerated, and the global capital market oscillated downward. All these posed major challenges to the Group's cross-border investment and asset management business in 2022. Consequently, there was a fall in the market value, and decline in the valuation, of the investment projects held by CEL throughout the reporting period, resulting in a loss attributable to shareholders of the Company of HK$7.443 billion. The unrealised loss on investments did not have a direct impact on the Group's cash flow.

CEL made defensive decisions and overall arrangements in a timely manner. By stepping up the withdrawal and recovery of project funds, keeping strict control over business costs and expenses, and making selective investments in quality projects, the Group managed to secure the bottom line against risks and make sure business operations were conducted in an orderly manner. During the reporting period, HK$4.2 billion was contributed in aggregate to a total of 49 projects; and 86 projects were fully/partially divested, generating cash inflow of approximately HK$13.9 billion, marking good project exit and capital recovery.

As at the end of December 2022, the Group had cash and cash equivalents of approximately HK$8.2 billion and unutilised bank facilities available for use of approximately HK$12 billion. Liquidity stayed healthy and the overall financial, business and operating conditions remained sound.

During the reporting period, CEL continued to promote fund raising and maintain market leadership in fund management. As a result of exchange rate conversion, the decrease in AUM of secondary market funds under the impact of fund redemptions and the decrease in net asset value of secondary market funds, and the decrease in AUM due to the maturity of certain funds, the total AUM of the funds decreased slightly to HK$165.4 billion. There were 80 managed fund products, including primary market funds, secondary market funds and accounts, and Fund of Funds ("FoF").

To share the fruits of the Group's development with shareholders and investors, the Board declared a final dividend of HK$0.15 per share for 2022. (2021 final dividend: HK$ 0.30 per share)

Business Highlights of 2022 Annual Results

1. Fund Management Business

In 2022, CEL carried out the Fund Management Business in a steady and orderly manner, seizing the window of opportunity at each stage of "fundraising, investment, management and exit", while also adopting the strategy of "precise investment and stable exit" to promote high-quality business development.

Focused on emerging industries, while fundraising remained steady. CEL funds were established to focus on high-end manufacturing, information technology, green and environmental protection, new infrastructure and niche businesses as an investment approach, and the Group strengthened its investment in the Belt & Road Initiative Green Fund-of-Funds and the establishment of regional sub funds. Capital CEL Specialised and New Enterprises Fund and Nanjing Direct Investment Fund for Belt & Road Initiative Green Fund were set up. Asian Infrastructure Investment Bank has approved to commit US$100 million in CEL Infrastructure Investment Fund II.

Practiced the development of science and technology investment and captured investment opportunities prudently. The fund management of CEL made careful and prudent investment decisions in high-quality projects such as CNNP Rich Energy, Kunyu New Energy, Tianmu Xiandao Battery and Ganzhou HPY Technology, among which Tianmu Xiandao Battery and Ganzhou HPY Technology won a number of national awards in 2022.

Implemented diversified exit channels to speed up capital withdrawal. Transfer and IPO exit methods were combined together. The Group exited from overseas projects such as Norwegian public transportation project, vehicle inspection system and BPG project (an advanced equipment manufacturer) by way of transfer. Seven investment projects (Giant Biogene, Recbio, Credo Technology, SatixFy, ASR Microelectronics, iSoftStone and Haitai Solar) were listed on the Hong Kong Stock Exchange, NASDAQ in the United States, Shanghai Stock Exchange STAR Market, Shenzhen Stock Exchange ChiNext and Beijing Stock Exchange respectively by way of IPOs.

2. Key Investee Companies

CALC was growing steadily with the strengthened layout of the entire aircraft industry chain. The fleet size continued to expand, and the number of fleets increased to 176. CALC has become the first aircraft recycling company accredited with Diamond Status (the highest level) by the Aircraft Fleet Recycling Association ("AFRA"). CALC has been firmly serving the national strategy of opening up the overseas market for China-made large aircraft. Its Indonesian airline TransNusa officially received the regional jet ARJ21, which was the first time China-made jets entered the overseas market. It was of great significance that the new development pattern is being built under the Belt & Road Initiative and the "Dual Circulation" strategy.

Everbright Senior Healthcare implemented social responsibility through development. With 34,000 beds under management, and 194 elderly care institutions and community service sites, it ranked second among "Integrated
Business Enterprises in the Impactful Healthcare Industry for 2022", as published by Guandian. At the same time, Everbright Senior Healthcare actively responded to the call of the state and participated in work related to the transformation of training and recuperation institutions organised by the National Development and Reform Commission, demonstrating its responsibility.

Terminus reached a new level of development with research on AIoT. A new upgrade of the operating system has been realised, and a number of research results have been included and published by CVPR, a top conference in the field of artificial intelligence. TacOS 3.0 and the cloud-edge integrated product matrix have been released. In addition, Terminus has recruited three world-renowned scientists, and has taken the initiative to undertake national-level technology research tasks, such as a multi-modal network based on 6G communication technology as well as national key communication R&D projects.

3. Rich Resource Reserves

Increased liquidity reserves. In 2022, the new bank loan facilities of CEL exceeded HK$21.2 billion. In June, the Group successfully issued RMB3 billion 3-year medium-term notes at the National Association of Financial Market Institutional Investors. As at the end of December 2022, the Group's cash on book amounted to approximately HK$8.2 billion and unutilised bank facilities amounted to approximately HK$12 billion.

Enhanced the coverage of scientific and technological innovation resources. CEL supported innovative development based in Hong Kong, with China Everbright Hong Kong Innovation Centre and CEL Global Partner Project in the Hong Kong Science Park as our backup; CEL supported the construction of an innovation and technology centre in Hong Kong to incubate start-ups and capture investment opportunities. In particular, the incubator at China Everbright Hong Kong Innovation Centre is currently over-occupied with start-ups.

Strengthened regional development to increase investment exposure in a mass market. CEL carried out an in-depth layout of the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area, and actively participated in the build-up of the Chengdu-Chongqing Economic Circle, Hainan Free Trade Port and Xiongan New Area. The overall planning comprised of software and networks, retailing, consumer goods, healthcare and other fields.

4. Comprehensive Improvement of Environmental, Social and Governance

CEL continued to enhance its ESG management policy, optimised a number of internal management rules and regulations such as risk management guidelines and the board diversity, and improved its climate change management policy and organisational structure. CEL benchmarked itself against the industry's state-of-the-art technology by officially becoming a TCFD sponsor. During the reporting period, MSCI adjusted the Group to the more competitive category of "Asset Management and Custodian Bank" during the reporting period. The Group's ESG rating was upgraded from B to BB, with a score increase of 48%.

Over the past 25 years, the Group has been firmly committed to its long-term investment strategy and deep involvement in promising specialised industries. The Group has gone through multiple economic and industry cycles and built valuable and rich management experience and a solid track record. The 20th National Congress of the Communist Party of China has embarked a new journey of Chinese-style modernisation, and the new development pattern of China's economy is being accelerated. Hong Kong is ushering in a new chapter of development from governance to prosperity, and Hong Kong's unique competitive advantages and favourable development conditions are being further highlighted. CEL will firmly seize the opportunity to work hard, utilise cross-border resources, strengthen fundraising, invest prudently and prevent risks. Through a series of proactive measures, CEL will spare no effort to promote the high-quality development of the Group's business to build a leading Chinese cross-border investment and asset management company.

Mr. Zhang Mingao, Executive Director and President of China Everbright Limited, said: "In 2022, in the face of severe market environment and challenges, CEL has risen to the occasion, actively addressed risks, stabilised business development, improved management efficiency, achieved cost reduction and efficiency, and laid a solid foundation for high-quality development. Standing at a new historical starting point, we have full confidence in the future. In 2023, we will uphold our business philosophy of 'seeking progress while maintaining stability' to address 'risks' and 'opportunities' and coordinate 'stability' and 'progress', continue to expand AUM to increase the contribution of management fee income, and re-achieve efficient value creation through precise investments and reliable exits. In addition, we will continue to develop an asset-liability structure with sufficient liquidity, and further enhance dividend-paying ability to share the fruits of the Group's development with shareholders and investors."

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

DCM Day: Web3 and The Future of Media

Geneva, Switzerland, Mar 17, 2023 – (ACN Newswire) – DCM Swiss, a Digital Content Marketplace, is excited to announce a special event taking place during the Open Geneva Innovation Festival on March 17th at 2:30 PM CET. DCM DAY will focus on the exciting topic of Web3 and the Future of Media, exploring the latest developments and innovations in this rapidly-evolving field. The event will be held at Fédération des Entreprises Romandes Genève, 98 Rue de Saint-Jean, Genève, GE, 1201.

DCM DAY promises to be a must-attend event for anyone interested in the future of media, including media professionals, entrepreneurs, technologists, investors, and anyone curious about the impact of Web3 on the media industry. The event will feature a panel discussion rich in diverse perspectives for the Future of Media and Web3, featuring Egor Plotnikov from DCM Swiss, Alex Fedosseev from 1World Online, Florian Ducommun from Disruptive Company, and Nathalie Kazzi from Blue Tree Advisors.

“We are excited to bring together leading experts and thought leaders to share their insights, ideas, and vision for the future of media in the age of Web3,” said Egor Plotnikov, COO & ITO Lead at DCM Swiss. “As the media industry continues to evolve rapidly, it is crucial to stay on top of the latest developments and innovations. We are thrilled to offer this unique opportunity to engage with experts and explore the exciting possibilities of Web3 for media professionals and enthusiasts alike.”

The panel discussion will cover a range of topics related to Web3 and the Future of Media, including the potential of blockchain technology for media distribution, the impact of NFTs on the media industry, and the role of decentralized finance in funding media projects. The panelists will also explore the challenges and opportunities facing the media industry in the age of Web3, and share their predictions for the future of media.

As Open Geneva partners, DCM is thrilled to offer Festival participants a chance to explore NFT technology. By downloading an NFT in the form of a QR code, participants can easily access Festival events and enjoy special offers from local partners like cafes, bars, bakeries, and wine cellars. This unique opportunity to engage with NFT technology is just one of the many exciting offerings available during and after the Innovation Festival by Open Geneva.

DCM DAY promises to be an informative and engaging event, providing attendees with a unique opportunity to learn from and connect with leading experts and thought leaders in the field of media and Web3. Don’t miss this opportunity to explore the exciting possibilities of Web3 for the future of media.

For more information about DCM DAY and to register for the event, please visit the eventbrite.

About DCM Swiss:

DCM, also known as the Digital Content Marketplace, is a blockchain-based platform that operates both as a protocol and an application. It provides a decentralized media ecosystem that allows creators, publishers, and advertisers to interact in a single environment.

About Open Geneva:

Non-profit association Open Geneva promotes and stimulates open innovation in the Greater Geneva area by bringing together a community of more than 3500 innovators, bringing their ideas to life, communicating their projects and supporting their development in the fields of art, science, technology, and society.

Media Contacts:
DCM Suisse
Anna Elitzur
Director of Partnerships
Anna.elitzur@dcm-swiss.com

Collections & Recovery Summit: India’s Very First Collection-Focussed Conference & Exhibition

MUMBAI, Mar 17, 2023 – (ACN Newswire) – Team the Future Event organized India’s first Collection-focused conference & Exhibition: Collections & Recovery Summit- India, on 23rd & 24th February, 2023 at the Taj President Hotel, Mumbai. This networking event was aimed to bring together India’s top industry experts to discuss the latest technology and digital transformation strategies to overcome challenges and empower organizations to be future ready with strengthened operations, increased productivity and improved customer experience in the Debt & Loan Collections, Subscriptions & Renewals and Credit Processes.

With 500+ handpicked attendees, this conference was sponsored by almost 20 industry leaders along with 20+ Media Partners! With Uniphore being the Platinum Sponsor and Clear Touch, Enterprise Tiger & GoCollect (Credility) joining as the Gold Partners, Credgenics was the official Collections Technology Partner. Some of the other key sponsors and solution providers that demonstrated their solutions are Ezetap by Razorpay, SingleDebt, Rezo.ai, Saarthi.ai, Alohaa, UltraCash, Dista, CLXNS Technologies Pvt Ltd, Taurus Collection, Easy Recovery, Provakil, ILeads & Ikontel Solutions Pvt Ltd.

In the word of Uthaman Bakthikrishnan, Executive Vice President at ClearTouch, “Me & my colleague would like to thank the Future Event for organising such an event where it is very clear that each one of the attendees have been hand-picked since whoever is here, is really interested & genuine with their questions. It is a lot more exciting because this is the very first Collection-focussed event in India!”

The Collection and Recovery Summit- India featured an array of keynote speakers and panel discussions, providing attendees with valuable insights and knowledge on topics such as debt collection, credit management, bankruptcy, and financial recovery. Some of the key topics that were covered during the 2-day summit were:

Weaving Collections and Recovery into Business Strategy
Maintaining a Positive Customer Experience During Collections
The Importance of “self-service” platforms
Managing Multichannel Debt Collection Model
Decoding the Scope, Scale and Challenges of the BNPL
Understand consumer sentiment and preferred channels
Rise of ECommerce Subscriptions
Customer communication and engagement

“We were excited to bring together the best and brightest minds in the debt collection and credit management industry for the Collection and Recovery Summit India,” said a representative of the event organizer. “This summit was an opportunity for professionals across the industry to share their expertise, learn from one another, and explore the latest trends and innovations that are shaping our industry.”

While 45+ expert speakers took the stage to discuss & provide their insights on the latest strategies, innovations, and challenges in the industry, the 100+ pre-scheduled meetings provided the attendees with ample networking opportunities to connect with peers, industry experts, and solution providers. This allowed them to gain new insights and perspectives, as well as build new partnerships and collaborations that can help them improve their practices and achieve better outcomes. Apart from this, the summit was also attended by 40+ solution providers and 15+ exclusive exhibitors.

When Harish B. Parmar, Founder at SingleDebt, a Silver Sponsor for the event, was asked about how SingleDebt was different from traditional collection companies, he said, “What we do we actually represent the creditor and also most importantly the debtor. In this case the debtor comes to us with their issues and we find a payment plan that will help them repay back the debt. Because most of the debtors won’t have 1 creditor but will have five or six creditors and they will be struggling to pay all of them. Because they are struggling to pay all of them and these creditors are chasing them, we work out an affordable payment plan that they can afford to pay all the five creditors. That’s how we are different than the traditional lending companies.”

The Collection and Recovery Summit India is a leading event in the debt collection and credit management industry, bringing together professionals from across the sector to discuss the latest trends, innovations, and challenges in the field. The summit provides attendees with valuable insights and networking opportunities. The Collections & Recovery Summit- India was the debut conference & exhibition of the chain of summits that will be organised by team The Future Event all across the globe. For more information on the upcoming events, visit: https://thefuture-event.com/

Contact:
Jamal Alturaby
The Future Event Media & Productions
Phone: +91 888 4144 691
Email: jamal@thefuture-event.com