Moolec Signs an Offtake Agreement With Major Global CPG Company to Hit the US Market in 2025

Luxembourg, July 15, 2024 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) (“the Company”), a Molecular Farming ingredient company, announced today the signing of an offtake agreement with one of the largest global consumer packaged goods and pet food companies for the use of Moolec’s patented science-based GLA Safflower Oil product, GLASO™ (the “Agreement”). This initial offtake agreement has a term of three years and establishes commercial conditions for the delivery of GLASO™ in US territory with an initial estimated volume of 50 tons for 2025.

Moolec Science Logo

GLASO™ is a nutritional omega 6 oil obtained from bioengineered safflower seeds. With high-GLA (gamma linolenic acid) concentration, Moolec’s product contains almost 3 times more GLA than conventional sources such as borage and primrose oil, making it the most concentrated GLA oil available on the market. GLA is widely recognized for its health-promoting attributes and is primarily embraced as a valuable addition to various diets in the form of a dietary supplement, functional food, cosmetics, and animal nutrition such as pet food, main application targeted by this offtake Agreement.

Moolec Science also announces that it has signed binding agreements with farmers to cultivate safflower as well as with an industrial partner to secure state of the art downstream capacity. Both agreements are paramount to ensure a fully-controlled and traceable supply chain for GLASO™.

“We are thrilled to announce this significant supply agreement for our GLASO™ nutritional oil product. This milestone, coupled with our new partnership for industrial toll processing, marks a pivotal step in our mission to deliver high-quality, innovative health solutions to our customers worldwide. It underscores our commitment to quickly scaling from small to large volume production and meeting the growing demand for sustainable nutritional ingredients,” said Martín Salinas, Chief Technology Officer & Co-Founder of the Company.

Moolec’s Molecular Farming Platform encompasses revolutionary technology enabling the production of high-quality ingredients, such as nutritional oils and proteins, in plants. The company leads the industry in demonstrating that its technology can be scaled efficiently, affordably, and sustainably. This allows for ingredients to be designed that will offer significant cost-in-use reductions compared to traditional and cellular agricultural methods.

Gastón Paladini, CEO & Co-Founder of Moolec, concluded: “We are very excited about this team accomplishment. It is a concrete and important step in Moolec’s path to commercialize our flagship technology. Going forward, we will intensify our business development and commercialization efforts with major participants in the manufacturing and ingredients business.”

Note to reader: Due to the competitive nature of these agreements, and the fact that Moolec Science is in continuing negotiations for further contracts, disclosure over third parties and price will not be made at this time. Moolec Science will keep the market informed with updates on its annual report that provides a comprehensive overview of the company’s business and financial condition.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements with respect to performance, prospects, revenues, and other aspects of the business of Moolec are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors, about which we cannot be certain. We cannot assure you that the forward-looking statements in this press release will prove accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among others, changes in applicable laws or regulations, the possibility that Moolec may be adversely affected by economic, business and/or other competitive factors, costs related to the scaling up of Moolec’s business and other risks and uncertainties, including those included under the header “Risk Factors” in Moolec’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), as well as Moolec’s other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Accordingly, you should not put undue reliance on these statements.

Contact Information
Press & Media
comms@moolecscience.com

Investor Relations
ir@moolecscience.com

SOURCE: Moolec Science

Telin and BW Digital to enhance DC-to-DC connectivity with new Indonesia – Singapore cable

SINGAPORE, July 15, 2024 – (ACN Newswire) – PT Telekomunikasi Indonesia International (TELIN) and BW Digital have announced a strategic partnership to develop and construct the Nongsa-Changi submarine cable system linking Batam and Singapore. The memorandum of understanding (MoU) for this joint venture was signed during the International Telecoms Week 2024, held in Washington DC, USA.

The Nongsa-Changi cable has been designed to meet unprecedented demand for connectivity and resilience between Singapore and Batam as data traffic moving between these two prime locations for data center development continues to grow exponentially.

The project highlights the strategic collaboration between BW Digital and Telin, aiming to leverage their combined expertise to significantly enhance connectivity and drive digital economic growth in the region.

The 50km Nongsa-Changi cable system will comprise a minimum of 24 fiber pairs and provide robust and reliable communication links, crucial for supporting the data-intensive needs of digital services, DC-to-DC connectivity and high-density AI applications.

BW Digital and Telin plan to construct and deploy the submarine cable system with a strong focus on both technical excellence and environmental sustainability. The new system will interconnect data centers in Batam and Singapore, creating a seamless and efficient data transfer corridor.

The cable is projected to be Ready For Service (RFS) in Q4 2025, marking a significant milestone in regional digital infrastructure development.

“BW Digital is pleased to expand its strategic alliance with Telin to deliver the first cable to directly link Singapore and Batam’s Nongsa Digital Park”, said Ludovic Hutier, Chief Executive Officer of BW Digital.

“The Nongsa-Changi cable represents a key component of the digital ecosystem we are building in NDP. With a landing at the doorstep of the data center campus, it will provide DC operators with fully diverse and secured connectivity, and enable them to further address the spillover demand from Singapore.”

“We are proud to continue our successful partnership with BW Digital, as we work together to develop Indonesia’s digital industry at Nongsa Digital Park and establish the Hawaiki Nui 1 submarine cable system. Extending our collaboration with BW Digital to connect Indonesia and Singapore through the ICE Cable System I Leg 2 further enhances DC to DC connectivity, reinforcing Telin’s dedication to delivering cutting-edge solutions for our customers,” remarked Budi Satria Dharma Purba, Chief Executive Officer of Telin.

About TELIN

Established in 2007, Telin provides premium international carrier voice, data services, and tailored business solutions for wholesale, enterprise, digital, and retail customers. Telin operates in multiple countries, including Indonesia, Singapore, Hong Kong, Australia, Malaysia, Taiwan, the United States, Timor Leste, the United Arab Emirates, and Myanmar, with representatives in the United Kingdom, the Philippines, India, Vietnam and Canada.

Telin’s infrastructure spans 250,140 kilometers of cable system length, incorporating 27 Global Submarine Cable Systems, and operates 58 Points of Presence in 26 Countries, 10 global offices, 5 global countries Sales Representative, and over 19 Tier II to Tier IV Data Centers in key locations, including Singapore, Hong Kong, Timor Leste, and Indonesia.

For more information about Telin, visit www.telin.net

About BW Digital

BW Digital is a subsidiary of BW Group, a global energy and maritime group controlling 7 listed companies with a combined market capitalisation of around US$11 billion.

Headquartered in Singapore, BW Digital develops, builds and operates digital infrastructures in the Asia-Pacific region. Our vision is to create a sustainable digital ecosystem combining connectivity, data storage and value-added services for cloud and AI workloads.

Privately-owned and carrier-neutral, BW Digital is the owner and developer of the Hawaiki and Hawaiki Nui submarine cables, and the NDP-01 data centre located in Batam, Indonesia.

For more information, please visit www.bw-digital.com

Media contact:

BW Digital
David Binning – Brand Comms Bureau
+61 406397033
David.binning@bcbureau.com.au

Telin
Arlika Yustiarini – Corporate Communications Manager
+62 8118400999
corcomm@telin.net

Legend Capital’s Portfolio Company Singfilm Solar Achieves Breakthrough in Perovskite Solar Cell Efficiency

HONG KONG, July 15, 2024 – (ACN Newswire) – Legend Capital’s portfolio company, Singfilm Solar, a leading innovator in the research and manufacturing of high-efficiency perovskite solar cells, has announced that its self-developed perovskite solar module has achieved a steady-state conversion efficiency of 22.6%, certified by authoritative institutions. This breakthrough has earned a place in the esteemed Martin Green Efficiency Table (Version 64), marking the third time Singfilm Solar’s innovations have been recognized by this authority. This achievement underscores Singfilm Solar’s pioneering status in the global perovskite field and highlights the potential for transitioning from laboratory research to commercial production.

Founded in July 2023 in Singapore, Singfilm Solar’s team brings over a decade of experience in perovskite materials, processes, and equipment. The company is focused on developing and producing highly efficient and stable perovskite cells.

The improvement of photovoltaic conversion efficiency is crucial, as each 1% increase can result in a 4% rise in power generation and revenue. Perovskite cells, with their ideal band gap width, offer theoretical efficiencies of over 33% for single-junction and 43% for tandem cells, far exceeding traditional crystalline silicon cells. This positions perovskite as the next-generation photovoltaic material.

Despite its potential, the widespread adoption of perovskite in the photovoltaic industry has been hindered by stability challenges. Achieving a balance between power conversion efficiency and operational stability under complex conditions, while also ensuring manufacturing scalability, remains a critical hurdle. Moreover, exploiting the unique properties of perovskite, such as adjustable band gap, lightweight, high efficiency, and simple raw materials, to develop various photovoltaic products for different applications is a significant challenge in its commercialization.

Singfilm Solar’s proprietary Quasi-Mono high-quality perovskite industrial preparation technology supports high-throughput continuous production on large rigid and flexible substrates. Accelerated aging tests have validated the commercial product’s lifespan, making Singfilm’s commercial-sized perovskite modules the first to combine high efficiency, stability, and manufacturability. The company holds several core technologies in perovskite materials, preparation methods, and cell and module structures.

The founder of Singfilm Solar, Professor Yi Hou, is a Presidential Young Professor at the National University of Singapore (NUS) and leads the Perovskite and Tandem Solar Cells group at the Solar Energy Research Institute of Singapore (SERIS). A pioneer in perovskite research, Professor Hou’s work has been published in top academic journals such as Science and Nature ï¼ˆhttps://blog.nus.edu.sg/yihoulab/). The establishment of Singfilm Solar has received substantial support from NUS, providing a strong scientific foundation for the company’s rapid development.

In early 2024, Legend Capital led a round of angel funding for Singfilm Solar. This financing aims to expand Singfilm’s pilot line in Singapore, enhance the R&D team, and develop a global client base.

Professor Yi Hou, founder of Singfilm Solar, stated:

We are standing at the pinnacle of a perovskite technology revolution, committed to transforming laboratory innovations into real-world applications. Singfilm has not only repeatedly broken the records of the power conversion efficiency of perovskite solar cells but has also continuously made significant progress in device stability and scalable manufacturability.

I am filled with anticipation and excitement for Singfilm’s first commercial project in Europe. This is not only a recognition of our team’s technological maturity but also an important step in showcasing innovative clean energy solutions to the world.

I would like to thank Legend Capital and all the partners who support Singfilm. It is your trust that allows us to keep moving forward. We look forward to welcoming a brighter future for perovskite technology together with you all.

Managing Director of Legend Capital, Wenlong Wang, commented:

Singfilm is dedicated to creating the next generation of mainstream photovoltaic products, attracting top experts in perovskite research and thin-film industrialization from around the world. The team possesses comprehensive and solid technical expertise, and what is even more commendable is their focus on addressing the challenges of mass production implementation from day one.

Legend Capital is fortunate to be part of this exciting entrepreneurial journey, actively providing support in equipment, materials, scenarios, and channels by leveraging its accumulated resources in the new energy industry. Congratulations to the company for breaking the world record in its debut, and I look forward to this young and high-potential team continuing to make breakthroughs and successfully achieving subsequent milestones.

About Legend Capital

Founded in 2001, Legend Capital is a leading VC&PE investor focusing on the early-stage and growth-stage opportunities in China, with offices across Beijing, Shanghai, Shenzhen, Hong Kong, Seoul and Singapore.

It currently manages USD and RMB funds of over US$10 billion in commitments, and has invested in around 600 companies, covering technology, healthcare, consumer, enterprise service and intelligent manufacturing sectors. Rooted in China, Legend Capital participated in the rise of many world-leading companies by solid investment coverage and systematic post-investment value-add. Over the years, Legend Capital has also become a widely recognized name in bridging key resources in China and overseas through cross-border activities, and a valuable partner to Chinese and overseas investors.

Legend Capital values long-term sustainable investment and incorporates ESG into its long-term development strategy. As a UNPRI signatory since November 2019, Legend Capital is among the first group of top VC/PE firms in China to join the initiative.

For more information, please visit http://www.legendcapital.com.cn/index_en.aspx and follow us on LinkedIn @Legend Capital.

The article is distributed by Ever Bloom (HK) Communications Consultants Group Limited on behalf of Legend Capital.

For further information, please contact:
Ms. Orianna Ou / Ms. Arina He
Tel: +852 3468 8171
Email: legendcapital.list@everbloom.com.cn

The Malaysian Aviation Commission Handpicks TransNusa as One of Two Foreign Airlines to Launch Flights from Subang Airport

PT TransNusa Aviation Mandiri to become the first foreign airline to kickstart jet aircraft services from Subang Airport in Malaysia
TransNusa to operate daily scheduled international flights from Jakarta to Subang, starting August 1, 2024
The airline will utilise its A320 narrow-body airliner for the daily scheduled flight

JAKARTA, July 15, 2024 – (ACN Newswire) – TransNusa made headlines in Indonesia and Southeast Asia when the airline, with just two Airbus A320s and one Comac ARJ21-700, introduced its first international route from Jakarta to Kuala Lumpur on April 14, 2023.

14 months later, the airline has been handpicked as one of the two foreign airlines that has received approval to start flights from the Sultan Abdul Aziz Airport, popularly known as Subang Airport in Malaysia.

“I am thankful for the opportunity to be the first foreign airline to start scheduled jet aircraft operations for an international route from Subang airport. As of today, we will be the only airline offering scheduled international flights from Terminal 3, Soekarno-Hatta International Airport to Subang Airport,” said Datuk Bernard, who is the Group Chief Executive Officer of TransNusa.

At the initial stage, TransNusa will be operating one daily scheduled flight from Terminal 3, Soekarno-Hatta International Airport to Subang Airport. The flight, 8B 699, will depart Jakarta at 04.10 pm and arrive at the Subang Airport at 07.00 pm while TransNusa flight, 8B 698, will depart Subang Airport at 07.30 pm and arrive in Jakarta at 08.30 pm. TransNusa will be utilizing its A320 narrow-body airliner, which has 174 seats, to cater for the two-hour scheduled flight, beginning August 1.

“We will be starting the sale of tickets from today,” said Datuk Bernard, adding that a TransNusa ticket for this route will be priced from IDR 999,000.

On the successful approval of TransNusa’s route permit, Datuk Bernard said, “TransNusa, known worldwide for its unique business proposition as a Premium Service Carrier, has always operated with passengers’ comfort and safety in mind. As such, this new opportunity is a testament to our commitment towards enhancing services in the aviation industry.”

“As an Indonesian airline that has only been operating for 20 months, we are proud to launch a series of new daily scheduled flights to the Subang Airport and play a part in making history with the Subang Airport team in Malaysia,” He said.

On whether there will be any changes to TransNusa’s scheduled flights from Jakarta to Kuala Lumpur International Airport (KLIA), Datuk said that TransNusa would still continue to operate three scheduled daily flights to KLIA and 4 scheduled flights weekly to Johor Bharu.

TransNusa, which had to close its business operation in September 2020 due to the impact of the Covid-19 pandemic on the aviation industry, started operations again after the injection of new shareholders and management team in October 2022.

Within 6 months, the airline introduced its first international route between Jakarta and Kuala Lumpur and celebrated its first-year anniversary for this route on April 14, this year.

“When we re-launched TransNusa in October 2022, we started from the bottom again. We had no aircraft or roadmap to follow. Everything was new because the pandemic had broken the boundaries of aviation business operations. We re-created and customised our business operations and strategy model of being the first Premium Service Carrier based on the post-pandemic scenario,” Datuk Bernard explained.

“As such, for us, being handpicked by the Malaysian Aviation Commission as the only airline to operate from the Subang Airport to offer daily scheduled flights from Jakarta is another milestone,” Datuk Bernard stressed.

After launching its first international route between Jakarta and Kuala Lumpur, TransNusa launched three more new international routes by the end of last year. TransNusa’s aggressive international growth strategy combined with its domestic business operations approach has enabled the airline to be the fastest growing airline in Southeast Asia.

In 2024, the airline celebrates its first year of operations in Kuala Lumpur and its first year of operations in three other international locations: Johor, Malaysia, Singapore and Guangzhou, China.

Since its re-launch, TransNusa became the first in the world to commission a Comac ARJ21-700. TransNusa became the second airline in Indonesia to launch a Jakarta-Guangzhou route on November 16, last year.

On the domestic front, TransNusa, in keeping with its new player, new rules character, became the first in the world to offer a direct flight between two world legendary destinations, which is Bali and Manado. This domestic route was launched in April, this year.

Media Contact
Trina Thomas Raj
Mobile: +6012 4992672
E-mail: trina@myqaseh.org

About TransNusa

TransNusa Airline is a Premium Service Carrier. After the take-over, in February 2024, the airline rebranded itself from being a Low-Cost Carrier to a Premium Service Carrier in line with its upgraded aircraft that offers better comfort as well as based on the flexibility and quality of the services offered.

TransNusa, which received its AOC certification on 9th September 2022, launched its first three A320 operations on 6th October, 14th October and 12th December 2022. The airline, which became the first outside of China to utilise Comac, received its first ARJ21 on 22nd December 2022. In 2023, TransNusa introduced a new business model making it the first Premium Service Carrier in the Asia Pacific region. TransNusa introduced its first international flight on 14th April, 2023. The airline is currently based in Jakarta Soekarno-Hatta International Airport.

The airline currently flies to Yogyakarta and Bali. On the international front, TransNusa flies to Singapore, Guangzhou, Kuala Lumpur and Johor. The airline became the second Indonesian airline to fly to China and the first Indonesian airline to launch a Premium Service Carrier business model.

Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore, Malaysia and Indonesia, or by contacting the airline’s customer service centre at +62 216310888.

For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719. As for the Malaysian market, passengers can contact MKM Ticketing Travel & Tours Sdn Bhd at +60 378312581.

foundit Survey: 52% of Singaporean organisations show responsiveness to diversity issues, highlighting key growth opportunities

SINGAPORE, July 15, 2024 – (ACN Newswire) – In today’s globalised economy, Diversity and Inclusion (D&I) play a crucial role in driving innovation and competitiveness in the workplace. A recent survey by foundit, a leading talent platform, highlights both progress and areas for growth in D&I practices across Singaporean organisations.

The survey uncovers notable opportunities in Singapore’s corporate environment, with a significant number of respondents claiming that their organisations do not have a diversity training program and some respondents still getting familiar with the concept of diversity hiring. However, a substantial segment of employees believe their workplace is committed to hiring diverse teams. These findings point to opportunities for Singaporean workplaces to better harness the proven benefits of diverse teams, such as enhanced innovation, improved decision-making, and stronger financial performance.

Diversity, Equity, and Inclusion (DEI) have become critical focus areas for organisations worldwide. DEI initiatives aim to create workplaces that reflect the broader society, ensure fair treatment and access to opportunities for all employees, and foster an environment where everyone feels valued and empowered to contribute.

As businesses increasingly recognise the benefits of diverse teams, understanding the current state of DEI practices is crucial.

The survey, conducted as part of foundit’s ongoing commitment to fostering diverse and inclusive work environments, highlights an opportunity to better align organisational intentions and implemented actions regarding diversity initiatives.

While 36% of employees believe their workplace is highly or extremely committed to diversity hiring, 48% of respondents claim their organisations do not have diversity training programs in place. Additionally, 26% of respondents are not at all familiar with the concept of diversity hiring, while 52% feel their organisation is responsive or highly responsive to feedback on diversity issues.

These findings suggest a commitment to diversity in principle, but there are opportunities to improve the implementation of effective diversity initiatives.

Sekhar Garisa, CEO of foundit, commented on the findings: “Our survey reveals that Singapore is at a crucial juncture in its journey towards truly inclusive workplaces. It’s encouraging to see that over a third of organisations are highly committed to diversity hiring, laying down a strong foundation for progress. However, there is a clear opportunity for growth, particularly in implementing effective training programs and raising awareness about diversity concepts.

The fact that 52% of respondents feel their organisations are responsive to diversity feedback is a positive sign. Nevertheless, with 48% of companies yet to establish diversity training programs, there is a great opportunity to enhance their diversity efforts. Singaporean businesses that seize this opportunity to implement comprehensive DEI strategies will not only create more inclusive environments but also gain a competitive edge in innovation and attracting talent.”

Key findings from the survey include:

Diversity Awareness and Definition: 26% of respondents are not at all familiar with the concept of diversity hiring. Among those familiar with the concept, 56% define workplace diversity comprehensively. This includes actively seeking diverse individuals, creating an inclusive environment, embracing a diversity mindset, and complying with anti-discrimination laws.
Organisational Commitment: 36% of respondents believe their workplace is highly or extremely committed to hiring a diverse team, while 20% perceive a moderate commitment, and 10% report no commitment at all.
Training Needs and Effectiveness: 48% of respondents state that their organisations do not have diversity trainingprograms. Among those that do offer training, 36% claim they have mandatory programs, while 16% state they were offered non-mandatory options. Regarding effectiveness, 21% reported significant awareness gains from training, while 30% saw no increase in awareness.
Recruitment Practices: Respondents report that organisations are adopting various initiatives to ensure equal opportunities. These include conducting interviews in diversity-friendly spaces (16%), inviting applications from diverse communities (15%), providing anti-bias training (14%), and consistently committing to diversity hiring goals (13%).
Provisions for Applicants with Disabilities: Respondents state that organisations offer specific accommodations for persons with disabilities, such as accessible online application processes (17%), accessible interview venues (16%), and additional time allowances for assessments if needed (16%).
Work-Life Balance: 36% of respondents believe their organisations have policies in place to support work-life balance, particularly for women with caregiving responsibilities, offering them flexible work hours and remote work options.
Employee Resource Groups: 53% of respondents are aware of employee resource groups focused on diversity and inclusion within their organisations, with 41% finding these groups highly or extremely valuable.
Peer Support and Networking: 20% of respondents state that their organisations frequently facilitate peer support and networking opportunities for diverse groups, 27% say they sometimes do so, and 22% report that their organisations rarely or never provide these opportunities.
Responsiveness to Feedback: 52% of respondents perceive that their organisations are responsive or highly responsiveto feedback on diversity issues, highlighting a positive trend in organisational communication and action on diversity-related concerns.

“These findings paint a nuanced picture of diversity and inclusion in Singapore’s corporate landscape,” Garisa added. “While we see promising signs of commitment and awareness from organisations, the real opportunity for organisations is to take the next step to implement these initiatives. At foundit, we’re committed to supporting organisations in this journey, helping them harness the full potential of diverse teams to drive innovation and success in Singapore’s dynamic business environment.”

The survey was conducted as part of TRIUMPH, Asia’s leading virtual career fair for diversity, further demonstrating foundit’s commitment to promoting inclusive workplaces.

As organisations navigate the evolving landscape of workplace diversity, this survey serves as a crucial benchmark, offering insights into current practices and highlighting areas for future focus and improvement. By addressing these gaps, companies can create more inclusive and successful workplaces.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME) is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. In addition to a powerful AI-powered job search, foundit offers e-learning, assessments, and services related to resume creation, interview preparation, and professional networking. Since its inception, the company has assisted over 90 million job seekers across 18 countries in upskilling and connecting them with the right job opportunities. foundit is now also the Official Talent Partner of the Badminton World Federation across 20 key world tour events.

Over the last two decades, the company has been a leader in the world of recruitment solutions and has recently launched a cutting-edge solution to give recruiters access to passive candidates in addition to active ones. With the use of advanced technology, foundit is seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies.

Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches and offer precision hiring.

For media inquiries or further information, please contact
Namrata Sharma – Namrata.sharma@adfactorspr.com
Contact number – +65 81383034

Brawijaya Academic makes Mulch from Banana Waste and Water Hyacinth

SURABAYA, INDONESIA, July 15, 2024 – (ACN Newswire) – Dr Rita Parmawati, a lecturer from the Faculty of Agriculture of Brawijaya University has developed an organic mulch tape made from banana waste, water hyacinth, and paitan leaves (Crotalaria sp). The mulch tape can prevent weed growth and reduce soil surface evaporation rate.

lecturer from the Faculty of Agriculture of Brawijaya University, Dr. Rita Parmawati, SP, ME, IPU, IPU, ASEAN Eng. (ANTARA/HO-Universitas Brawijaya) — Brawijaya lecturer Dr Rita Parmawati, SP, ME, IPU, ASEAN Eng, with the organic mulch tape from banana waste, water hyacinth and paitan leaf. (ANTARA/HO-Universitas Brawijaya)

“Organic mulch tape is a technology that replaces plastic mulch, which is considered environmentally unfriendly because it cannot decompose properly. The disadvantages of using plastic mulch are reduced plant growth and yields, increased pest attacks, greater microplastic contamination, waterlogging, loss of soil structure, and reduced activity of soil microorganisms,” explained Dr Parmawati.

According to the lecturer, the new technology will be applied when the second planting season approaches in Malaka District, East Nusa Tenggara (NTT), which has abundant banana waste. “We utilize this banana waste together with water hyacinth and paitan leaves to be crushed, chopped, and moulded into a 25-centimetre-wide sheet,” she said.

She explained that mulch tape suppresses weed growth and reduces surface evaporation by up to 40 percent. When exposed to the sun, the organic mulch tape decomposes into fertilizer.

The process of applying the mulch tape is currently being carried out on a laboratory scale. It is at the socialization stage with the Regent of Malaka Regency, several farmer groups, and heads of departments in Malaka District.

Malaka District was chosen to apply the organic mulch tape technology because, according to Statistics Indonesia (BPS) data, it has low agricultural growth. Rice productivity in the area decreased from 2020 to 2022 due to issues in the supply of rice seeds and other problems involving weeds, evaporation, soil temperature, and irrigation systems.

“We will go to Malaka at the end of July. To make mulch tape for 10 hectares of land, we are working with the PT Widjaya Teknik Indonesia (Witech) factory,” she explained.

To ensure the technology’s sustainability, the local community will be helped in making organic mulch tape, starting with the introduction of materials, chopping, making tape pulp, drying, and pressing.

For more information, please click: https://ub.ac.id

Brawijaya University: https://prasetya.ub.ac.id

Editor: Azis Kurmala, Copyright (c) ANTARA 2024

CITIC Telecom CPC’s ‘AI+ Coud Network Security’ Innovation Continues to Attain Recognition for Unmatched Capabilities

HONG KONG, July 13, 2024 – (ACN Newswire) – CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is pleased to announce winning two industry awards in Hong Kong and Europe again for its innovative ‘AI+ Solutions’, bolstering its global leadership position and affirming the outstanding achievements of its ‘AI+ Cloud Network Security’ strategy while leading the market in innovation and high-quality development.

– AI Databank wins the BUSINESS GOVirtual Tech Awards 2024: Tech Company of the Year (Large Corporation): Innovative Technology Application
– AI Visual Security wins Cloud Innovator of the Year at the Datacloud Global Awards 2004

**BUSINESS GOVirtual Tech Awards 2024:** Tech Company of the Year (Large Corporation)
Innovative Technology Application goes to **AI Databank**

**Datacloud Global Awards 2024:** Cloud Service Innovator of the Year 2024
goes to **AI Visual Security**

The Business GOVirtual Tech Awards aim to recognize excellence among tech industry players in Hong Kong and the Greater Bay Area in providing cutting-edge products and services. CITIC Telecom CPC has received this award for two consecutive years, showcasing high recognition of its innovative technologies. The Datacloud Global Awards, on the other hand, are prestigious awards in the global digital infrastructure industry that have a significant global impact. They honour winners selected by a panel of world-class, independent industry leaders in the data centre and cloud sectors. CITIC Telecom CPC is proud to be the only Asia-Pacific enterprise that has won this European award, winning twice, following the first win in 2021, with its AR Remote Hand Service honoured with the “Innovation Award”. This recognition underscores CITIC Telecom CPC’s commitment to excellence in the AI+ cloud security sector for cloud services and innovative security solutions. It further highlights its dedication to facilitating seamless digital transformation for enterprises and the consistent recognition by global authoritative organizations.

Winning these awards this year once again demonstrates CITIC Telecom CPC’s capabilities in providing superb customer experience with cutting-edge innovative solutions through emerging technologies such as AI, AR (augmented reality) and blockchain, with powerful algorithms and deep industry expertise, and continuous enhancement of its flagship “Cloud Network Security” solutions.

Mr. Ivan Lee, Vice President of Information Technology Services and Data Science of CITIC Telecom CPC, said, “We actively immerse ourselves in international and regional awards and competitions to showcase our team’s outstanding achievements in technology development. We adhere to the “Innovation Never Stops” vision and remain steadfast in our pursuit of pushing innovation boundaries. These recent awards highlight our continuous innovation in ‘AI+ Cloud Network Security’ and reaffirm our leading market position. They also testify to our professional team’s extensive expertise and forward-thinking, who consistently deliver advanced technologies and revolutionize the customer experience.”

AI Databank Intelligent Data Analysis – Faster, More Accurate and Scientifically Advanced

CITIC Telecom CPC’s AI Databank empowers real-time data analysis, offering faster, more accurate, and scientific data management and report generation. It optimizes resource allocation and saves time and costs. This revolutionary solution provides an integrated platform across industries to formulate more effective and precise operations strategies.

AI Databank integrates various business systems, including CRM and ERP, from collecting data, processing, and refining to modelling analysis, providing data management and real-time report generation, and also intelligent data analysis and mining through the use of advanced large-scale language model (LLM) technology, AI and machine learning algorithms. Users can efficiently interact with the platform and swiftly retrieve data through dialogue-based data queries facilitated by the Intelligent Report Assistant. The platform provides users and management with different dimensions of business data queries, which include raw data queries and various real-time data charts for precise analysis. Based on interactive learning between users and machines, AI Databank can also generate associated questions based on user questions to increase the efficiency of data retrieval and analysis, enabling users and management to conduct in-depth research on data trends and risk analysis and make accurate deployment and marketing strategies. The platform will be integrated with external systems to build more extensive databases and more effective and intelligent big data analysis, helping frontline sales teams better understand customer needs and preferences to create higher business values.

AI Visual Security Reshapes “Visual Capability”

CITIC Telecom CPC is dedicated to enhancing information security and uses advanced AI technologies to boost innovation and intelligence capabilities, achieving rapid and efficient prevention of security threats. AI Visual Security solution reshapes the “Seeing is believing” information security model with its “Quick to Catch” identification function. With the support of AI and computer vision, AI Visual Security enables enterprises to detect (SEEING) potential malware, quickly identify (QUICK) upcoming mutated threats and swiftly block (CATCH) malware families, protecting enterprises from sophisticated malware attacks while safeguarding against future security risks. Compared to zero-day attacks and unknown malware analysis using traditional sandbox technology, AI Visual Security significantly improves identifying and classifying malware threats, estimated to be 10 to 100 times faster. AI Visual Security integrates a patented AI-powered algorithm, years of practical IT operational experience and deep industry expertise to reshape the industry’s “visual capability”.

About CITIC Telecom CPC

We are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data centre solutions, and SmartCLOUD™ cloud computing solutions.

With the motto “Innovation Never Stops,” we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.

With our global-local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions of superior quality. Having a worldwide footprint across nearly 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect almost 170 points of presence (POPs), 60+ SDWAN gateways, 21 Cloud service centres, 30+ data centres, and three dedicated 24×7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services comply with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities, exceptional customer experience, and best practices through our global presence and extensive industry know-how. This makes us a leading integrated intelligent ICT service provider to enterprise customers.

For more information, please visit www.citictel-cpc.com。

Media Contacts:
Catherine Yuen
CITIC Telecom CPC
T: +852 2170 7536
E: catherine.yuen@citictel-cpc.com

MooFest 2024 by Moomoo Singapore and AlphaInvest Receives Massive Turnout

MooFest 2024 organised at Suntec Convention Centre was timely as financial markets are at inflection point due to rapid advances in technology.
“Thinking Forward and Mastering the Future” theme inspired attendees on achieving their financial aspirations.
Impressive lineup of Thought Leadership speakers and panellists, included representatives from Singapore, Japan, and the US.

SINGAPORE, July 12, 2024 – (ACN Newswire) – AlphaInvest Holdings Pte Ltd, a leading regional financial services, media, and technology company, and Moomoo Singapore, a leading digitalised brokerage in Singapore, co-organised MooFest 2024 (“MooFest 2024”), a premier investment event which took place on 6th July 2024 at Suntec Convention Centre, Singapore.

MooFest 2024 - Inspiring attendees to think forward and master the future. — MooFest 2024 – Inspiring attendees to think forward and master the future.

Due to rapid advances in technology and their impact on trading infrastructure, investing information, and investment decision-making, this year’s event, “Thinking Forward, Mastering the Future,” was a landmark gathering for all investors in the financial markets.

Mr. Christopher Lee, Group Chief Executive Officer and co-founder of AlphaInvest Holdings Pte. Ltd., said, “In the digital age, investors face a landscape filled with unprecedented challenges but also great opportunities. Global financial markets are increasingly interconnected, and technological advancements are reshaping the investing landscape. At the heart of all this is Information—the oil that lubricates investment decision-making. At AlphaInvest, we are committed to helping investors navigate the complexities of modern financial markets by providing investors with timely, reliable, accurate, and quality Information as well as the digital tools to glean insights, formulate strategies and implement risk management from the Information.”

This year’s event attracted more than 3,000 attendees, with a star-studded lineup of speakers and panellists including Gavin Chia (Moomoo SG), Echo Zhao (Moomoo SG), Lily Chia (Singapore Exchange), James McKeone (NASDAQ), and Hiroki Kawai (Japan Exchange Group). They shared with attendees their valuable insights on topics such as global challenges and opportunities in the digital age, innovations in market and trading infrastructure, and the impact of technology on stock exchanges.

Mr. Gavin Chia, CEO of Moomoo Singapore, remarked, “The rapid advancement of technology has revolutionised stock exchanges globally, making them more efficient, accessible, and transparent. Our focus at Moomoo Singapore is to provide our clients with seamless and secure trading and custodian services. By leveraging new technologies such as AI, we are not only enhancing the operational efficiencies of our trading infrastructure but empowering investors with real-time insights and data-driven decision-making capabilities.”

Mr. Chia revealed that, on average, investors were increasing the proportion of U.S. stocks in their portfolio to 70% even as they held 20 % of their portfolio in Singapore stocks with strong fundamentals and good valuations. Mr Chia also remarked that with the ‘higher for longer’ interest rate environment, there was good demand for money market funds, and investors were also interested in holding cryptocurrency for portfolio diversification. Chia announced that Moomoo Singapore will soon offer cryptocurrency trading on its platform, just months after receiving the Major Payment Institution (MPI) License from the Monetary Authority of Singapore.

About AlphaInvest Holdings Pte. Ltd. | www.alphainvestholdings.com

A leading regional financial services, media and technology company, AlphaInvest Holdings Pte Ltd (“AlphaInvest” or “the Group”) was founded in 1999 to empower investors by providing them with trusted products and services for informed investment decision-making. Its core areas of business span investor relations, market data tools and investor education.

AlphaInvest Group operates the largest investor relations network in the region, with a customer base of about 700 public listed companies and a reach of over 300,000 people across its platforms. The Group has over 120 employees in four countries (Singapore, Malaysia, Thailand, and Indonesia).

The Group has made several strategic investments:

Investor relations / public relations firm, Waterbrooks Consultants Pte Ltd (www.waterbrooks.com.sg)
Singapore’s leading social media platform for investors, InvestingNote (www.investingnote.com)

InvestingNote is the largest and most active social platform for investments in Singapore and Malaysia. It is a community-driven platform designed specifically to help investors and traders to share ideas on stocks, news and insights through social networking and a variety of useful investment tools.

ShareInvestor (www.shareinvestor.com) offers online market data tools for multiple markets through its ShareInvestor Station™, ShareInvestor WebPro™, and ShareInvestor Mobile products.

AlphaInvest’s digital publications include:

Investor-One (www.investor-one.com), a website on investor education, market news, corporate developments, and data analytics
Inve$t, an e-magazine published weekly in Singapore and Malaysia.

AlphaInvest organises financial investment seminars and conferences for investors. Its annual large-scale events INVEST Fair™(www.investfair.com.sg) in Singapore and Malaysia draws thousands of participants. Other key exhibition includes the largest REIT event ie REITS Symposium (www.reitsymposium.com).

Media Contact:

Mr. Nigel Lim
ShareInvestor / InvestingNote
Email: nigel.lim@shareinvestor.com
Mobile/WhatsApp: (+65) 8161-4010

Mr. Wayne Koo
ShareInvestor / Waterbrooks
Email: wayne.koo@waterbrooks.com.sg
Email: query@waterbrooks.com.sg
Mobile/WhatsApp: (+65) 9338-8166

Mr. Gavin Chia, CEO of Moomoo Singapore, delivering the keynote presentation

AlphaInvest Team with Moomoo’s Mascot at MooFest 2024

Asia-Pacific youth and Habitat for Humanity join hands to implement solutions for decent housing

MANILA, July 12, 2024 – (ACN Newswire) – “I felt a sense of achievement, working with other volunteers,” said Glenna, a student who has repeatedly volunteered with her schoolmates to help the elderly declutter and clean their home in Singapore. A member of the Habitat for Humanity campus chapter based in Hwa Chong Institution, she is among 5,000 supporters of the 2024 Habitat for Humanity Young Leaders Build in eight countries in the Asia-Pacific region.

More than 100 students from 11 universities in Korea joined Habitat for Humanity Korea’s Campus Chapters and Youth Program DIY Festival, an initiative under the 2024 Habitat Young Leaders Build campaign. The volunteers raised funds and highlighted the housing need and Habitat’s solutions at the Festival.

“We at Habitat for Humanity know that young leaders lend a unique energy to our mission to build a world where everyone has a decent place to live. Since we started hosting the Habitat Young Leaders Build campaign in 2012, young people have contributed their creativity and energy to helping families in need build homes. We are excited to see more of them advocate for policies to expand access to adequate housing and innovate solutions for sustainable development. We are proud to amplify the outputs of youth-led activities and projects and how young leaders havecreated tangible positive impact in the communities where they work,” said Jay Ancheta, Volunteer Programs Associate Director for Asia-Pacific, Habitat for Humanity International.

The Young Leaders Build campaign opened its 13th season in December during International Volunteer Day. Volunteers lent their hand in various ways: helping earthquake affected communities in Nepal and Japan remove rubble and build temporary housing, expanding their peers’ awareness about the link between housing and urbanchallenges in Korea, building new houses in the Philippines, Indonesia, and Cambodia, and cleaning houses of vulnerable residents in Singapore and Hong Kong, among others. The campaign also highlights winning solutions toimprove housing conditions from young leaders in India, Indonesia, the Philippines and Nepal.

“The courage I’ve found to navigate the roads and earn a living for myself and my family stems from the security of having a home. My residence now stands as my pillar of strength,” said Pramila, a Habitat Nepal homeowner. “Having a stable home has left a profound and positive impact on our lives, bolstering our self-confidence.” Since moving into hernew home, she also volunteered for the HYLB campaign and became a champion of housing in her community.

Campaign volunteers worked alongside families in vulnerable situations, Habitat staff and community members to build, repair and paint houses and declutter and clean houses. They removed rubble, prepare temporary housing and build furniture for people affected by disaster. They also joined awareness-raising activities through social media anda walkathon. By the end of the campaign, the volunteers have served 1,720 families and raised more than US$93,000in support for the cause of housing.

About Habitat for Humanity Young Leaders Build

Habitat for Humanity Young Leaders Build brings the youth together from across the Asia-Pacific region to support people and families in need ofdecent housing. By volunteering, fundraising, raising awareness or adding their voices in support of affordable housing, every young person canhelp families achieve the strength, stability and self-reliance they need to build better lives for themselves. The movement encourages youths to take the lead and motivate their peers to build homes and communities, on a Habitat build site and/or online through their social networks.

About Habitat for Humanity

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity found its earliest inspirations as a grassroots movement on an interracial community farm in U.S.A. Since its founding in 1976, the housing organization has grown to become a leading global nonprofit working in more than 70 countries. In the Asia-Pacific region since 1983, Habitat for Humanity has supported millions of people to build or improve a place they can call home. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. To learn more, donate or volunteer, visit habitat.org/asiapacific.

For further information, please contact:
Ms. Angeli Alba-Pascual
AAlba@habitat.org
+63 920 956 3376

Ms. Rona Azucena
RAzucena@habitat.org
+63 916 545 8310

Photos are available in this folder. Captions and photographer credits are provided in the folder.

KSL Capital Partners & Soneva Resorts: A Cautionary Tale of Due Diligence

BANGKOK, July 12, 2024 – (ACN Newswire) – KSL Capital Partners, a prominent private equity firm boasting over 165 companies in its portfolio and managing a staggering $21 billion in assets, is known for its keen eye for exceptional businesses. With a focus on operational expertise and collaborative partnerships, one might wonder how such a powerhouse could find itself entangled in the web of controversy surrounding Soneva Resorts and its CEO, Sonu Shivdasani.

Soneva, formerly Soneva Resorts and Residences, stands as a testament to luxury hospitality, with its roots tracing back to its founding in the Maldives in 1995 by Sonu Shivdasani and his wife, Eva Malmström Shivdasani. However, beneath its lavish facade lie a series of legal battles and controversies that should have raised red flags during any thorough due diligence process.

One of the most damning revelations surrounds Soneva’s association with Ahmed Adeeb, the former Minister of Tourism in the Maldives, who is now imprisoned for corruption. In 2018, an OCCRP report shed light on Soneva’s partnership with Adeeb, exposing how the Shivdasanis obtained the island of Medhufaru, now home to their Soneva Jani resort, through a dubious no-bid contract facilitated by Adeeb. This revelation not only tarnished Soneva’s reputation but also implicated the resort in a larger scandal of corruption and embezzlement.

Furthermore, Soneva Kiri Resort in Thailand faced legal scrutiny following a devastating fire in March 2022. Investigations revealed that the resort was not constructed in compliance with safety standards, leading to charges against Sonu Shivdasani and other executives for negligence and endangerment. Shockingly, it was reported that the villa where the fire originated had never been inspected for fire safety, highlighting a blatant disregard for regulations. Sonu was even summoned for questioning by the Thai criminal authorities, but he refused to appear.

In yet another lawsuit, Sonu Shivdasani was accused of orchestrating a fraudulent scheme to deceive investors into purchasing properties at the Soneva Kiri Resort. A Swiss individual alleged that Shivdasani failed to deliver a villa and surrounding land worth $6.2 million, leading to a legal battle that spanned multiple jurisdictions. This case not only exposed the dark underbelly of Soneva’s business practices but also raised questions about the due diligence process undertaken by investors like KSL Capital Partners.

So, how could a firm like KSL, renowned for its operational expertise and rigorous due diligence, be blindsided by the controversies surrounding Soneva and Sonu Shivdasani? The answer lies in a failure to dig deep enough into the company’s history and practices.

While KSL’s operational perspective undoubtedly provides valuable insights into the hospitality industry, it appears that their due diligence process fell short in assessing the ethical and legal implications of partnering with Soneva. A more comprehensive investigation should have raised concerns about Soneva’s opaque dealings with corrupt officials, its disregard for safety standards, and its alleged involvement in fraudulent schemes.

Moving forward, KSL and other investors must adopt a more holistic approach to due diligence, one that goes beyond financial metrics to scrutinize the integrity and ethical standards of potential partners. This may involve conducting thorough background checks, engaging independent auditors to assess compliance with regulations, and scrutinizing past legal disputes for any red flags.

Also, investors must prioritize transparency and accountability in their partnerships, ensuring that their portfolio companies adhere to the highest standards of ethics and governance. By learning from the cautionary tale of Soneva, KSL and others can mitigate the risks of being hoodwinked into investing in companies with questionable practices, safeguarding both their reputations and their bottom lines.

About KSL

KSL’s unmatched 30-year track record investing exclusively in Travel & Leisure drives our ability to identify and execute on investments. We bring our operator-first mindset, first-hand experience and commitment to responsible stewardship to partner with best-in-class management teams designed to achieve exceptional outcomes. For more information, visit https://www.kslcapital.com/. Media Contact:

Archie Knowles
Support@P2Markets.com
Source: P2Markets.Com