MANILA, Apr 30, 2024 – (ACN Newswire) – Building on the resounding success of the Retail & E-commerce Summit Asia (RESA) held across Southeast Asia last year, rockbird media sets the stage for the summit’s next edition in Manila themed, “Retail Revolution: Setting the Landscape Ablaze”.
The Philippines has emerged as a digital powerhouse, boasting 85.16 million internet users and a penetration rate of 73.1% as of 2023. With the e-commerce sector playing a pivotal role in the country’s economic landscape, the Retail & E-commerce Summit Asia 2024 comes at an opportune time to explore its evolving dynamics.
Set to take place on July 17-18, 2024, at Shangri-la The Fort, BGC, Manila, this two-day summit will serve as a platform for over 100+ C-level executives, directors, and industry leaders from renowned companies to converge, share insights, and discuss the challenges, trends, practical strategies, and innovations shaping the retail sector.
Attendees can look forward to thought-provoking speakers, engaging keynote presentations, insightful panel discussions, interactive breakout sessions, 1-to-1 meetings, and an opportunity to explore booths from various solution providers.
Embrace the future of retail! Seize this opportunity to learn, collaborate, and innovate with industry experts and peers
For more information, including registration details, the in-depth agenda, speaker updates, pricing, and more, please visit https://resa.rockbirdmedia.com/
About rockbird media
Rockbird media is an international business media company that produces B2B events and offers business solutions.
Whether it is through online media and content, must-have business intelligence and analytics, effective networking, and partnering solutions, we help businesses and professionals learn more about the latest trends, and know more about their customers, peers, and competition, to make that decision that allows them to grow.
SINGAPORE, May 2, 2024 – (ACN Newswire) – The Asia Video Industry Association’s Coalition Against Piracy (CAP) has published its 2024 annual piracy consumer survey, conducted by YouGov. Despite a decrease in piracy on pirate TV boxes, pirate apps and streaming or torrent websites, the survey shows an increase in the incidence of piracy across the region, climbing from 52% last year to 59% this year due to more piracy on social media and messaging platforms. Particularly concerning are the increases in the Philippines (12% yoy) and Vietnam (13% yoy), with both countries also now having the region’s highest incidences of piracy amongst their populations, at 70% and 71% respectively.
The dominance of social media and messaging platforms as the conduit to piracy not only remains, but has grown more severe, increasing by 14% across the region. Meanwhile, only 13% of consumers in the region now access pirated content through websites, and 11% by pirate TV boxes – both down from last year.
Awareness of the negative consequences of piracy (89%) remains extremely high across the region, with consumers being most aware of criminals profiting from pirate services, the risks of malware and the damage piracy causes to local industry being most prominent. And the impact of judicial or administrative orders requiring ISPs to block access to pirate sites is clear, with Indonesian (59%), Vietnamese (54%), Malaysian (42%) and Singaporean (28%) consumers saying they have either stopped entirely or rarely access pirate sites as a direct result of sites being blocked.
The survey shows a dramatic increase in the number of consumers in Asia-Pacific both searching for and accessing pirate content via social media or messaging services. CAP is continuing to work with the major platforms across the region to address this issue but remains concerned with the lack of response from some platforms, notably Telegram.
Matt Cheetham, General Manager of CAP, noted, “We are greatly encouraged by the continuing downward trend of consumers accessing pirate content from illegal websites, which reflects the work done over many years in the region by industry and governments. However, it is clear that social media and messaging platforms must do more to prevent their services being used to find and access pirate content.”
About the Survey
The survey was conducted online by YouGov between 1st to 7th February 2024. Research was conducted in Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, and Vietnam. The sample size was 10,123 people across all 8 Markets.
About the Asia Video Industry Association
The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.
New York, NY, May 2, 2024 – (ACN Newswire) – JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.
What is GambleFi?
GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.
How JuicyBet works
JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.
All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.
However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.
First, the tokens provide access to betting.
Second, token holders get their share of the platform’s profit.
Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
And finally, DAO participants can also perform the role of oracles for bets and earn rewards.
In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.
In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.
JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.
In conclusion, it is worth mentioning that GambleFi represents a technologically advanced and transparent opportunity to earn additional income and profits from the usual entertainment while using the flagship GambleFi platform – https://juicybet.net/.
HONG KONG, May 2, 2024 – (ACN Newswire) – Blockpass and Ordify are pleased to highlight their partnership, with the first launchpad in the Bitcoin space utilizing the identity verifier to onboard customers to any and all of their projects. As new users join the Ordify ecosystem they are able to refer friends and earn referral benefits alongside other rewards, as well as engaging with fundraising in the form of IDOs.
As a launchpad with a focus on interoperability, Ordify provides its users with a suite of products and tools crafted to enhance their investment experience across various blockchain ecosystems, aiming to redefine how those in the crypto space invest. Ordify allows users to stake ORFY tokens to gain rewards, but also to gain access to various tiers of IDO fundraisers, providing they have completed KYC and the tier access depending on the amount of tokens stakes. Users are able to link BRC-20 and Stacks Wallet addresses to their account and wallet support includes Metamask, walletconnect, unisat, xverse, orange wallet and ordinals wallet.
Blockpass, known as “Web3’s OG Identity Verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.
“At Ordify, our mission is to create an ecosystem that is not only accessible but also secured by trust and transparency. The partnership with Blockpass enhances our platform’s integrity, making sure that each user’s entry into the world of IDOs is backed by reliable verification” said Atila, Ordify’s CEO.
“With such an expansive ecosystem and a multitude of opportunities, cross-chain solutions are an essential component of blockchain technology’s future and we’re delighted to be working with Ordiify to enable such possibilities.” said Adam Vaziri, Blockpass CEO. “With a visionary team that understands the power of compliance in expanding the crypto and blockchain ecosystem, we look forward to seeing all manner of innovative projects launch through Ordify.”
With this partnership, Blockpass and Ordify aim to bridge the gaps between disparate blockchains in a simple but safe and compliant manner, providing opportunities to savvy investors looking to engage with promising projects across the crypto ecosystem.
About Blockpass
Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC BotTM for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYCTM to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.
Ordify offers a platform that simplifies the launch and growth of blockchain projects. Through our services, investors gain straightforward access to Initial DEX Offerings and the chance to support the development of new blockchain technologies. Our users appreciate the clear, easy-to-navigate pathways to becoming stakeholders in various blockchain endeavors.
We prioritize transparency and inclusivity in every project we support. With Blockpass’s reliable identity verification technology, we streamline the onboarding process for our users, providing a quick and secure start to their investment journey.
By staking our ORFY tokens, community members unlock different levels of participation, directly linking them with the projects they support. This approach underlines our dedication to creating a strong and engaged community, united by a shared interest in the potential of blockchain technology.
MONTREAL, QUEBEC, May 2, 2024 – (ACN Newswire) – Loop Industries, Inc. (NASDAQ:LOOP) (the “Company” or “Loop”), a clean technology company whose mission is to accelerate a circular plastics/fiber economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, today concluded an agreement with Ester Industries Ltd. (“Ester”), one of India’s leading manufacturers of Polyester Films and Specialty Polymers, to form a 50/50 India joint venture (“India JV”). The purpose of the India JV is to build and operate an Infinite Loop™ India manufacturing facility which will produce a unique product offering of lower carbon footprint recycled dimethyl terephthalate (“rDMT”), recycled mono-ethylene glycol (“rMEG”) and specialty polymers in India, using the Infinite Loop™ technology which offers significant advantages over traditional mechanical PET recycling.
Photo: Arvind Singhania, Chairman and CEO of Ester Industries Ltd. and Daniel Solomita, Founder and CEO of Loop Industries at Loop’s head office in Terrebonne, Quebec, Canada.
Loop and Ester have a well-established working relationship, with Ester producing Loop™ PET for Loop’s global brand customers over the last four years. The India JV leverages the complementary skill set of each partner by combining Loop’s innovative technology and well-established global customer base with Ester’s nearly 40 years of specialized polymer production, operational proficiency, and local expertise, including sourcing of PET plastic and Polyester fiber waste feedstocks.
The DMT and MEG specialty chemicals global market size is estimated at US$28 billion and forecasted to grow at a 3.7% CAGR through 2033. The market is experiencing a global shortage of DMT due to recent plant closures in Europe, and low-carbon DMT and MEG are in high demand, but market options are limited and costly. The Infinite Loop™ India facility is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually and Ester will toll convert the rDMT and rMEG into various grades of specialty polymers. The planned facility in India can lower carbon emissions by up to 70% compared to virgin DMT and MEG manufactured from fossil fuels1, offering chemical companies a simple drop-in supplement and circular alternative that helps them achieve their sustainability goals.
The rDMT and rMEG product offerings manufactured at the Infinite Loop™ India facility represent a strategic product expansion in a low-cost manufacturing environment which complements Loop’s existing PET plastic and polyester fiber manufacturing business and will fuel growth by addressing the large and growing demand in the market. This expansion enables the Infinite Loop™ technology to reach new markets and cater to a broader range of customers across multiple industries including the electronics, automotive, textile, cosmetics and packaging industries.
The India facility will leverage the Infinite Loop™ technology and existing engineering package which accelerates the lead-time towards groundbreaking, slated to occur by end of this year. Feedstock sourcing for the facility, in which there is abundant supply from textile waste in India, is well advanced and the partners have engaged an external firm to source and secure the land for the facility. Construction is expected to be completed by the end of 2026, with commercial operations commencing in early 2027.
The India JV offers attractive economic returns without the need for substantial sustainability-linked premium pricing. Total capital investment is estimated approximately at US$165 million.
Arvind Singhania, Chairman and CEO of Ester Industries Ltd. commented “Ester and Loop have a long-standing working relationship with a deep alignment of values and shared commitment to circularity and driving sustainable change. This partnership reinforces our dedication to advancing sustainable solutions in the polymer industry and by leveraging Loop’s technology alongside our decades of polymer production experience, we will contribute to reducing the carbon footprint of our products, meeting the evolving needs of our customers.”
Loop’s Founder and CEO Daniel Solomita commented “Our partnership with Ester reflects a strategic alignment built on our shared values of sustainability and innovation and combines both companies’ areas of expertise. The specialty chemicals market offers a unique opportunity to expand the reach of our Infinite Loop technology beyond PET and polyester fiber and provides our customers with a sustainability linked advantage in the specialty chemicals market. Customer demand for rDMT, rMEG and specialty polymers produced using our technology is robust due to very limited viable options available in the marketplace today.
The Infinite Loop India facility represents a great opportunity for Loop to be a part of the fastest growing economy in the world and capitalizing on operating in a low-cost manufacturing environment. We see India and this partnership with Ester as a tremendous growth opportunity for future expansion.
This approach allows us to optimize returns, expand our presence in key markets, and drive sustainable growth while maximizing shareholder value.”
1 This data is for the India LCA excluding the avoided waste disposal
About Ester
Ester Industries Limited is a public limited company incorporated in 1985 promoted by the Singhania family. The company is one of India’s leading manufacturers of Polyester Films and Specialty Polymers having a track record of nearly four decades of continually developing new and innovative products for customers across the globe. Ester Industries has state of the art manufacturing facilities in Khatima in Uttarakhand and Hyderabad in Telangana with combined capacity of 67,000 TPA of Polyester Resin, 110,000 TPA of Polyester Film and 30,000 TPA of Specialty Polymers. Specialty Polymers are manufactured primarily for the US and other overseas markets. Ester has a strong focus on sustainability and circularity, which complements the Infinite Loop™ technology developed by Loop Industries for recycling various types of polyester waste into high-value added Polyester products for applications in rigid/flexible packaging, fibers/garment, industrial, automotive, and consumer electronic products.
About Loop Industries
Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”
For more information, please visit http://www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
Forward-Looking Statements
This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For More Information: Investor Relations: Kevin C. O’Dowd, Investor Relations Loop Industries, Inc. +1 617-755-4602 kodowd@loopindustries.com
Media Inquiries: Andrea Kostiuk, VP Marketing & Communications Loop Industries, Inc. +1 (450) 951-8555 akostiuk@loopindustries.com
HANOI, Vietnam, May 1, 2024 – (ACN Newswire) – In an exclusive setup that convened over 500 financial sector professionals, the second annual edition of World Financial Innovation Series (WFIS) in Vietnam gave an industrywide push to accommodate the latest tech advancements in FSI.
Held at one of the poshest 5-star venue, Melia Hanoi, the event took place on 15 – 16 April 2024 and got inaugurated by the Vice Chairman & Secretary General of Vietnam Banks Association (VNBA), Dr Nguyen Quoc Hung and the event organizer, Sudhir Ranjan Jena (Co-founder & CEO, Tradepass).
Unveiling a whole spectrum of discussion around areas like Cloud Technologies, Generative AI, Fintech Leaps and Digital Banking, the platform very precisely depicted the pulse of the industry and got numerous verticals together to engage in meaningful dialogues.
While Generative AI has taken the whole world by storm, it found a significant spot in the conference’s agenda as well. A strong testament to its widespread popularity is the fact that it got highlighted during two distinct keynote sessions titled “Generative AI for Financial Services” by AWS Vietnam & Indochina and “Revolutionizing Banking: The power of Generative AI” by VinBigdata.
During a face-to-face interview, the Chief Digital Officer from Techcombank, Pranav Seth who was also a key speaker at the event, gave an impressive reply explaining how the bank’s recent 22 percent year-on-year Profit Before Tax (PBT) can be attributed to the its digital side.
He expressed, “As a universal bank I think there’s a lot in terms of transformation that needs to come together, so I think digital is a large part of it. On the digital side what we have been able to do is massively scale up our acquisition efforts. So, last year we were able to acquire about 2.3 million high quality customers and create one of the highest engagements with them digitally. Our customers interact with us around 50 times a month and for each of those opportunity we use all the data that we have.”
Furthermore, he went on to talk about what he liked the most about the platform WFIS, “I am really surprised and impressed by the turnout and professionalism of the whole setup and excited to see so many people from the industry in Vietnam. It seems like a very high-quality international event and I am thankful to Tradepass for hosting this in Hanoi.”
The event witnessed a magnificent lineup of thought leaders from Vietnam’s top-notch banks, financial institutions, and technology companies. Even Southeast Asia’s very first fintech to win a digital banking license, UNObank was seen participating in a very insightful fireside chat on MSME Banking.
Its Chairman, Kalidas Ghose even elucidated on the bank’s remarkable journey, he expressed, “So, the journey has obviously been very encouraging and motivating to look at. First of all, we found that with modern technology you can establish a fully compliant bank in a relatively short span of time. But what is more interesting is that the UNObanking model is purely digital so we do not have any physical presence like branches or ATMs. While on one hand that can act as a constraint on the other it can really open up a huge world of opportunities for reaching out to a larger audience of customers”.
Talking in numbers, he further stated, “We have been able to acquire close to 1.5 million customers in less than 15 months’ time and this has been possible because of the strong partnerships but also very efficient organic channels through which we acquire customers.”
The attendees were spoilt for choice as they got a splendid opportunity to explore a wide array of fintech solutions from top technology giants like AWS, VinBigdata, Oracle, Coreium, iProov and many others.
All in all, the two-days at WFIS 2024 – Vietnam gave a glimpse of the country’s progressive future and its vibrant financial sector that’s poised to undertake the latest tech advancements. The participating financial institutions received some eye-opening intel and evaluated cutting-edge products and strategies for enhanced delivery of their services.
Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.
As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.
Newport Beach, California, May 1, 2024 – (ACN Newswire) – Anson Resources Limited (ASX:ASN) is pleased to announce that it has completed negotiations with LG Energy Solution (KRX: 373220) and executed its first binding offtake term sheet to supply battery-grade lithium carbonate from its project in the Paradox Basin in southern Utah, USA.
The offtake term sheet calls for Anson to supply up to 4,000 dry metric tonnes per year of battery-grade lithium carbonate produced at the Project, which is expected to begin operations in 2027. The associated volumes represent approximately 40 percent of the Project’s start-up production capacity of 10,000 tonnes per year.
This cornerstone offtake agreement provides strong market validation of Anson’s project, 100% owned through its wholly owned US subsidiary, A1 Lithium Inc., and also demonstrates that it can produce high-quality product while maintaining its strong commitment to ESG standards. The Company is building a significant presence in the US market with continued growth through further investment in developing its Projects in the Paradox Basin.
This development is a significant strategic step for the onshoring and expansion of the domestic critical minerals supply chain that is key to li-ion battery manufacturers and hastened by the US Inflation Reduction Act (IRA). Korean and Japanese companies have committed to building large battery manufacturing facilities in the United States and are seeking IRA-compliant lithium to supply those projects. Anson is proud to be an important strategic partner in the growing US critical minerals supply chain.
LG Energy Solution is the ideal partner for Anson Resources, with its diversified customer base and strong investment in expanding production in North America. LG Energy Solution has eight facilities currently operating or under construction in North America, with stand-alone facilities in Michigan and Arizona and six joint venture facilities with major automakers.
Signing the binding term sheet with LG Energy Solution marks another key milestone for the Project following majority completion of all permitting and commissioning of the Company’s Sample Demonstration Plant. The term sheet or subsequent definitive agreement will become effective subject to A1 Lithium making a final investment decision and the start of commercial production. Anson continues to progress negotiations with other potential global customers.
The Paradox Basin is a globally significant lithium asset, on which the Company is conducting exploration and test work of the brine known to exist across multiple zones in the Paradox Basin. This work is on-going and if successful will support the Company’s theory that the Paradox Basin contains one of the largest lithium resources in North America.
Based on a definitive feasibility study (DFS) announced on September 8, 2022, phase one of the Company’s Project is forecast to produce 10,000 tonnes per year of battery-grade lithium carbonate. The Project also has world-class ESG credentials, thanks in part to the natural overpressure of the brine, meaning it is pushed to the surface without the need to pump.
Further, the Company employs the use of cutting-edge lithium extraction technology which use a fraction of the water needed for traditional hard rock or evaporation extraction methods.
Anson Resources CEO Bruce Richardson commented:
“Anson has recognized the unstoppable paradigm shift in the expanding US supply chain for electric vehicle battery materials, and the key role that Korean and Japanese battery manufacturers are playing*. The Inflation Reduction Act (IRA) along with other US policy initiatives have resulted in significant investment in new battery manufacturing capacity in North America to meet growth in demand for electric vehicles and the continued momentum toward the electrification of the economy in the US. This shift in investment has led to an increased demand for lithium produced in the US, not only to shorten supply chains geographically but also increase US content in li-ion batteries and electric vehicles, to meet IRA incentive requirements. Anson’s assets in the Paradox Basin in southern Utah are strategically positioned to benefit from these momentous trends. We are delighted to have reached agreement with LG Energy Solution allowing us to execute our first binding offtake term sheet for at least 40% of our production. This establishes the foundation for a long-term partnership and we are proud that we will be supplying US made lithium from the Paradox Basin to LG Energy Solution, a respected global leader in the lithium battery value chain, building out the largest battery manufacturing capacity in the US.”
*Matt Pollard & Tim Buckley, Clean Energy Finance, “A Value Added Critical Minerals Agreement for Australia and Korea” – June 2023
Contact Details
Media: Cindy Gubler Wilkinson Ferrari & Co Email: cindy@wfandco.com Cell: +1 801-971-5639
HANOI, Vietnam, Apr 30, 2024 – (ACN Newswire) – The 16th Annual Global CSR & ESG Summit and Awards™ 2024 came to a triumphal close, marking another milestone in the realm of achievable corporate social responsibility (CSR) and environmental, social, and governance (ESG) initiatives.
Mr Matthias Gelber, known as the ‘Green Man,’ recognizable for his strong commitment to sustainability as well as his iconic green batak shirt, officially opened the Summit.
Hosted by The Pinnacle Group International in collaboration with co-organizer the Sustainable Technology Centre, this year’s summit brought together industry leaders, experts and policymakers to explore innovative strategies and solutions towards a sustainable future.
Ms Aparna Rajesh, Consultant to Sustainability & Academic Interface at Tata Consultancy Services, shares insights on leveraging employee talent, business models and assets for impactful transformation.
The event witnessed insightful discussions, engaging panels, and thought-provoking keynotes, delving into pressing issues such as climate action, diversity and inclusion, ethical governance, and community engagement. Attendees gained invaluable perspectives and actionable insights, fostering collaborations to drive positive change across sectors.
Mr Aru David, Director of Assist in the Mekong Region, moderates a panel on Efficient ESG Governance, Transforming Commitments into Measurable Actions. The panel features Mr Pham Hai Au, PwC Vietnam, Mr David Jackson, Avison Young, and Ms Mai Thi Thanh Huong, Sanofi. (L to R)Dr Stefan Phang, Global Director of Sustainability & Creating Shared Value at Solenis, moderates a panel on “Elevating Governance from Good to Exceptional, Advocating for Diverse Talent through Actions, Not Just Words”. The panel features Dr Ir William L Nolten from ReXil Asia, Ms Nusheen Nalwala from Tata Consultancy Services, Mr Florian Johannes Beranek from the Central & Eastern European Chamber of Commerce in Viet Nam, and Mr Victor Dulait from the Belgian-Luxembourg Chamber of Commerce in Viet Nam. (Left to Right)Prof Dr Geoffrey Williams, Founder of Williams Business Consultancy, moderates a panel on “Opportunity and Risk: Linking ESG to Strategy for the Creation and Preservation of Sustainable Long-Term Value”. The panel features Mr Andika Dwi Saputra from Evermos, Mr Ts. Mahmood Long from Sarawak Energy, Ms Vu Tra My from Home Credit Vietnam, and Mr Rahul Gupta from McKinsey & Company. (Left to Right)
Highlights of the Summit:
Keynote Address: Ms Aparna Rajesh, Consultant, Sustainability & Academic Interface, APAC, Tata Consultancy Services, delivered an inspiring keynote on “How Corporates Can Leverage Their Employee Talent, Business Models, And Assets to Create Deep Impact That Drives Transformational Change.”
Topic: “Enhancing Healthcare Accessibility and Sustainability” featured Ms Le Thuy Anh, CEO of Vinmec Healthcare System, who shared insights into Vinmec’s dedication to CSR & ESG principles.
Panel Discussion: “Opportunity and Risk: Linking ESG To Strategy for the Creation and Preservation of Sustainable Long-Term Value,” moderated by Prof. Dr Geoffrey Williams, Founder and Director of Williams Business Consultancy Sdn Bhd, featured panelists including Mr Ts. Mahmood Long from Sarawak Energy, Mr Andika Dwi Saputra from Evermos, Ms Vu Tra My from Home Credit Vietnam, and Mr Rahul Gupta from McKinsey & Company.
Topic: Ms Rohini Samtani, Sustainability Solutions Manager at S&P Global Sustainable1, led a discussion on “ESG Ratings and Transparency: Advancing Sustainable Finance.”
Panel Discussion: “Elevating Governance from Good to Exceptional: Advocating for Diverse Talent through Actions, Not Just Words,” moderated by Dr Stefan Phang, Global Director of Sustainability & Creating Shared Value at Solenis, with panelists including Dr Ir. William L Nolten from ReXil Asia, Ms Nusheen Masters from Tata Consultancy Services, Mr Florian Johannes Beranek from the Central and Eastern European Chamber of Commerce in Vietnam, and Mr Victor Dulait from the Belgian-Luxembourg Chamber of Commerce in Vietnam (BeluxCham).
Topic: Mr Lokender Singh and Mr Desmond Soh, Co-founders of Nutri-Buddy Pte Ltd, shared their expertise on “Sustainable Food Practices: Essential ESG Factors for the Food & Beverages Industry.”
Final Thoughts: The event ended with a final thought by Guest Speaker and Advisor Prof. Dr. Richard David Hames, Founder & Executive Director of the Centre for The Future and Fellow of the World Academy of Art & Science, Advisor to Sustainable Technology Centre. He encouraged attendees to continue their good efforts in CSR and ESG initiatives, emphasizing that continuous efforts will contribute to making the world a better place.
We extend our gratitude to our co-organizer, the Sustainable Technology Centre, for their unwavering support and dedication in making this summit a resounding success. Their commitment to sustainability and technological innovation has been instrumental in advancing our shared mission.
S&P Global’s Sustainability Solutions Manager, Ms Rohini Samtani, leads a discussion on “ESG Ratings and Transparency: Advancing Sustainable Finance.”Co-founders of Nutri-Buddy Pte Ltd, Mr Lokender Singh and Mr Desmond Soh, share expertise on “Sustainable Food Practices: Essential ESG Factors for the Food & Beverages Industry.”
We are also indebted to our sponsors, S&P Global Market Intelligence and Nutri-Buddy Private Limited, whose generous support has played a pivotal role in bringing this event to fruition. Their commitment to promoting sustainable practices and corporate responsibility exemplifies the spirit of the summit.
Mr Pham The Dung, Deputy Director General, the State Agency for Technology Innovation (SATI) at the Ministry of Science and Technology of Vietnam (MOST), honoured the 16th Annual Global CSR & ESG Summit and Awards with his presence, inaugurating the awards with an address.
The summit ended with the awards segment The Global CSR & ESG Awards™, graced by Guest of Honour, Mr Pham The Dung, Deputy Director General, State Agency for Technology Innovation (SATI), Ministry Of Science And Technology Of Vietnam (MOST), and Ms Dang Ngoc Han, crowned Miss Vietnam 2010, a renowned beauty queen, Ao Dai designer and businesswoman in Vietnam. She serves as Deputy Director of Ninh Van Bay JSC and is the Founder and CEO of Ao Dai Ngoc Han.
The award categories for this year are:
– Best Environmental Excellence Award – Best Community Programme Award – Excellence In Provision Of Literacy & Education Award – Empowerment Of Women Award – Best Workplace Practises – CSR & ESG Leadership Award – Product Excellence Award – Best CEO – Best Corporate Communications & Investors Relations Team
This year, we also have award categories recognizing the companies at the forefront of their respective industries and countries. The award categories are:
– Best In Thailand – Best In Indonesia – Best In Cambodia – Best In Viet Nam – Best In Philippines
Winners of the 16th Annual Global CSR & ESG Awards – 2014, are:
Best Environmental Excellence Award
o Market Cap: USD 1 Billion and Above – Platinum: Kuala Lumpur Kepong Berhad, MY – Gold: PT Pertamina Hulu Energi Offshore North West Java, ID – Silver: PT Chandra Asri Pacific Tbk, ID – Bronze: PT Astra International Tbk, ID
o Market Cap: USD 500 Million to USD 1 Billion – Platinum: PT Pertamina Patra Niaga Fuel Terminal Sanggaran, ID – Gold: PT TEP Indonesia, ID
o Market Cap: Less than USD 500 Million – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning, ID – Gold: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap, ID – Silver: PT Pertamina Patra Niaga Integrated Terminal Wayame, ID – Bronze: Hope Foundation, MY
Best Community Programme Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: PT Pertamina Patra Niaga Regional Sumbagsel, PT Adaro Minerals Indonesia, Sanofi, PT Chandra Asri Pacific Tbk, PT Pertamina Patra Niaga AFT Supadio – Silver: San Miguel Corporation, PT Pertamina DPPU Juanda, PT Pertamina Hulu Energi Offshore North West Java, Sarawak Energy Berhad – Bronze: Pertamina EP Sukowati Field Corp, PT Pertamina Patra Niaga Integrated Terminal Pontianak, PT Pertamina Patra Niaga Integrated Terminal Surabaya
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: PT Pertamina Patra Niaga Integrated Terminal Balikpapan– Gold: PT Kalimantan Prima Persada– Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)– Bronze: Samsung Electronics Vietnam Co., Ltd
o Less Than USD 500 Million Market Capitalization – Platinum: PT Badak NGL – Gold: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning, Smilegate Foundation, Diversey Viet Nam, PT Kilang Pertamina Internasional Refinery Unit VI Balongan, PT Pertamina Patra Niaga Fuel Terminal Maos – Silver: PT Pertamina Patra Niaga Integrated Terminal Cilacap, PT Pertamina Patra Niaga Fuel Terminal Ternate, PT Pertamina Patra Niaga Fuel Terminal Rewulu, PT Pertamina Patra Niaga Integrated Terminal Semarang, PT PLN Nusantara Power Up Gresik – Bronze: Indonesia Infrastructure Guarantee Fund, Central Retail Thailand, PT Pertamina Patra Niaga Regional Jawa Bagian Tengah DPPU Ahmad Yani
Excellence In Provisional Of Literacy & Education Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Samsung Electronics Indonesia – Gold: Bridgestone Asia Pacific – Silver: PT Pertamina Hulu Mahakam – Bronze: Kuala Lumpur Kepong Berhad
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Samsung Electronics Vietnam Co., Ltd – Gold: PT Kalimantan Prima Persada
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Gold: PT Kilang Pertamina Internasional Refinery Unit III Plaju
Best Workplace Practises
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: Danone Indonesia
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning
Best CEO
o Less than USD 500 Million in Market Capitalization – Platinum: Indonesia Infrastructure Guarantee Fund – Gold: BHG Retail Trust Management Pte Ltd
Empowerment Of Women Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: Sarawak Energy Berhad – Silver: San Miguel Corporation – Bronze: Pt Agincourt Resources
o USD 500 Million to USD 1 Billion in Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: Bridgestone Asia Pacific – Gold: EVERMOS – Silver: Mahkota Medical Centre
Product Excellence Award
o USD 1 Billion and above in Market Capitalization – Platinum: Danone Indonesia
o USD 500 Million to USD 1 Billion in Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less than USD 500 Million in Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Gold: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning – Silver: PT Kilang Pertamina Internasional Refinery Unit III Plaju – Bronze: PT Kilang Pertamina Internasional Refinery Unit V Balikpapan
CSR & ESG Leadership Award
o USD 1 Billion And Above in Market Capitalization – Platinum: PT. Chandra Asri Pacific Tbk – Gold: TBS Energi Utama – Silver: PT Bank BTPN Tbk – Bronze: Tata Consultancy Services
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong Bien Hoa Joint Stock Company – Gold: Samsung Electronics Vietnam Co., Ltd – Silver: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Capitalization – Platinum: Bank Rakyat – Gold: Diageo Vietnam – Silver: Home Credit Viet Nam
Best Corporate Communications & Investor Relations Team Award
o USD 1 Billion and above in Market Capitalization – Platinum: Danone Indonesia
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: BHG Retail Trust Management Pte Ltd
Best Country Excellence – Best in Cambodia
o USD 1 Billion And Above in Market Capitalization – Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Capitalization – Platinum: Prince Holding Group
Best Country Excellence – Best in Thailand
o Less Than USD 500 Million Market Capitalization – Platinum: Tata Consultancy Services
Best Country Excellence – Best In Philippines
o USD 1 Billion And Above in Market Capitalization – Platinum: Tata Consultancy Services
Best Country Award – Best In Indonesia
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning – Gold: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Silver: PT Langgeng Kreasi Jayaprima (Diageo Indonesia) – Bronze: PT Kilang Pertamina Internasional Refinery Unit V Balikpapan
o USD 1 Billion And Above in Market Capitalization – Platinum: PT Astra International TBK – Gold: PT Pertamina Hulu Energi Offshore North West Java – Silver: PT Pertamina Patra Niaga SHAFTHI
Best Country Excellence – Best in Vietnam
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS) – Gold: Samsung Electronics Vietnam Co., Ltd
o Less Than USD 500 Million Market Capitalization – Gold: Hope Foundation Platinum: FPT Digital
As we reflect on the success of the 16th Annual Global CSR & ESG Summit and Awards, we are inspired and energized to continue our collective efforts towards building a more sustainable and inclusive world. Together, we can create positive change that benefits present and future generations.
About Pinnacle Group
The Pinnacle Group International is a leader in the conference industry in Asia, designing and launching ground-breaking conferences and events. We pride ourselves in our ability to anticipate and read underlying socio-economic and investment trends in emerging and developed markets, creating brands and events to capture these opportunities and launching them with our clients and partners in regional and international markets. Our relentless pursuit of excellence in the business of connecting people and businesses across nations is derived from our core beliefs in improving lives, welfare and the status of societies. We are committed to supporting charitable ministries and projects for the betterment of humanity, while our staff and management commit time and resources to annual global missions and charities. To learn more, visit https://globalcsr.pinnaclegroup.global.
For media inquiries or further information: Ms Cyan Lee, Conference Manager, The Pinnacle Group International Email: cyan@pinnaclegroup.global Tel: +65 8222 2344
Vancouver, British Columbia–(ACN Newswire – April 30, 2024) – Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) (“Q2” or the “Company“) is pleased to announce that the Company recently completed a review of the drill core from the drill program conducted by the property vendors at the Cisco Lithium Property (the “Property” or the “Cisco Property“) in fall of 2023.
“While we eagerly await access to the property, the team has been busy in the background reviewing the data and preparing for an exciting summer in the field,” said Q2 Metals President and CEO Alicia Milne. “Details on our summer exploration plans will be announced in the coming weeks.”
As part of the review, the geological team re-logged the six drill holes (1,287 metres (“m”)) and ensured that all relevant intervals were sampled. The previously sampled drill-core was dispatched to SGS Canada for lab analysis and confirmation and the Company will report on results once received.
Q2 announced the 100% acquisition of the Cisco Lithium Property on February 29, 2024.
About the Cisco Project
The Cisco Property is comprised of 222 mineral claims and is 11,374 hectares (“ha”) in size. It is located less than 10 kilometres (“km”) east of the Billy Diamond Highway, and is approximately 150 km north of Matagami, a small town that contains the closest rail link to much of James Bay (Figure 2). The Property lies within the greater Nemaska Community lands of the Eeyou Itschee Territory, James Bay, Quebec.
The Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.
During 2023 and 2024 the Property vendors discovered the lithium zone by collecting 28 rock samples, 21 of which returned over 1.0% Li2O (Figure 3). The results are within a 1.2 km by 1.5 km area, clustered into six separate mineralized zones.
In the fall of 2023, the Property vendors drilled six holes, totaling 1,287 m, at one of the six mineralized zones. The drilling confirmed a strike length of approximately 220 m and open along strike in both directions and down-dip. The first three holes were drilled towards the south and are interpreted to have undercut the mineralized pegmatite that is also dipping to the south, thus did not intersect the large outcrops that were observed from surface.
Limited follow up drilling successfully intersected multiple, wide spodumene-bearing pegmatites from surface (mapped in Figure 3, with complete results in Table 2). Including:
CS-23-05 consisting of five separate pegmatite intervals with a cumulative 115.4 m at 1.21% Li2O.
CS-23-06 consisting of three separate pegmatite intervals with a cumulative 57.8 m at 1.27% Li2O.
CS-23-04 consisting of a continuous interval of 31.5 m at 1.30% Li2O.
Due to drill rig issues, drill hole CS-23-05 ended in mineralized pegmatite and was followed up with hole CS-23-06 at a shallower dip (Figure 4). The result of the two holes from the same drill pad infers that the pegmatite is dipping to the south, and the intervals intersected are possibly the near true thickness of the mineralized pegmatite. Additional drilling will need to be conducted to confirm this theory.
Figure 4 Cross Section of Drill Holes CS-23-05 and 06
The remainder of the Property is largely unexplored for its lithium potential and there may be more than one prospective greenstone belt on the Property (Figure 5). The Northern, Central and Southern lithium trends are each approximately 21, 13 and 3.5 km long, respectively.
Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed the technical information in this news release. Mr. McCallum is a director and VP Exploration of Q2.
About Q2 Metals Corp
Q2 Metals Corp. is a Canadian mineral exploration company focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada that includes its 100% owned Mia Lithium Property and its recently acquired Cisco Lithium Property.
The Company’s exploration advancement at its 8,668-ha flagship Mia Lithium Property is focused on the more than 10-kilometre-long Mia Trend which is host to both the Mia 1 and Mia 2 lithium occurrences and 11 other mineralized zones along trend.
The Cisco Lithium Property is located approximately 150 km north of Matagami, Quebec and comprised of 222 mineral claims and is 11,374-ha in size. The property has district scale potential with an already identified mineralized zone and a discovery drill result of 115.4 m of 1.21% Li2O (hole CS-23-05), cumulatively in five separate pegmatites.
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-Looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-Looking statements are based on a number of material factors and assumptions.
Forward-Looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward-Looking statements in this news release include, but are not limited to, exploration results on the Cisco Property and inferences made therefrom, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Luxembourg, Apr 30, 2024 – (ACN Newswire) – Moolec Science SA (NASDAQ:MLEC) (“Company”; “Moolec”), a Molecular Farming food-ingredient company, announced today the granting of a patent family in the United States for its SPC2 product produced in safflower with Molecular Farming technology. This new patent adjudication will give the company, through its U.S. sole-owned subsidiary AG Biomolecules LLC, exclusivity for the use of the technology until 2041. Find the link to the patent here: https://image-ppubs.uspto.gov/dirsearch-public/print/downloadPdf/11965169.
Moolec Science Logo
Moolec, whose technological platform has been under development for more than a decade, is known for pioneering the production of a bovine protein in a crop for the food industry. With the development and commercialization of the world’s first product for the food industry using Molecular Farming, Moolec shattered barriers and revealed the potential of this groundbreaking technology in the industrial biotech sector. This milestone transcended the limitations of traditional biotech practices, opening doors to innovation previously confined to pharmaceuticals.
The recently patented technology encompasses safflower plants, inclusive of their seeds, engineered with specific DNA sequences (transgenic event) aimed at improving the expression of bovine chymosin in safflower seeds.
Amit Dhingra, Moolec Science’s Chief Science Officer, emphasized, “This new family of patents not only ensures intellectual property protection for our product but also represents a platform for additional opportunities for Moolec’s safflower platform.” He then finished by saying, “It positions us to produce new proteins and products, leveraging the unique attributes of this crop. Moolec remains committed to innovative advancements in sustainable biotechnology, driving impactful change across food industries.”
Additionally, the patent extends to cover the DNA vectors utilized for transforming the safflower plant and the DNA sequences required for detecting the transgenic event.
While the patent has been successfully secured in the United States, a parallel application has been submitted in Argentina, a crucial strategic territory for Moolec’s safflower technology initiatives. Although the Argentinian patent application is currently pending, the patent family boasts a lifespan extending until 2041.
About Moolec Science SA
Moolec is a science-based ingredient company leader in the use of Molecular Farming technology for food and dietary supplementation markets. The Company’s mission is to create unique food ingredients by engineering plants with animal protein genes. Its purpose is to redefine the way the world produces animal proteins, for good and for all. Moolec’s technological approach aims to have the cost structure of plant-based solutions with the nutrition and functionality of animal-based ones. Moolec’s technology has been under development for more than a decade and is known for pioneering the production of a bovine protein in a crop for the food industry. The Company’s product portfolio and pipeline leverage the agronomic efficiency of broadly used target crops like soybean, pea, and safflower to produce oils and proteins. Moolec also has an industrial and commercial R&D capability to complement the company’s Molecular Farming technology. Moolec secures a growing international patent portfolio (25+, both granted and pending) for its Molecular Farming technology. The Company is run by a diverse team of PhDs and Food Insiders, and operates in the United States, Europe, and South America. For more information, visit moolecscience.com and ir.moolecscience.com.
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.
Photo: Arvind Singhania, Chairman and CEO of Ester Industries Ltd. and Daniel Solomita, Founder and CEO of Loop Industries at Loop’s head office in Terrebonne, Quebec, Canada.
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