JE Cleantech (Nasdaq: JCSE) Takes Major Step towards Carbon Neutrality with the Installation of Solar PV Systems

SINGAPORE, Jan 31, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), a Singapore-based cleantech company, today announced that the Company has completed the commissioning of solar photovoltaic systems installation at its facilities. The installation of the solar systems is one step further in the Company's efforts toward reducing the impact of its carbon footprint as aligned with its pledge to become carbon neutral by 2030.

The solar photovoltaic systems were installed in October last year and successfully connected today. The solar photovoltaic systems are expected to generate a total of approximately 205,000 kWhs per year, which will respectively cover 29 percent of the energy consumption for the facility manufacturing precision cleaning system and 10 percent of the total energy necessary for the operation of the facilities. Collectively, the implementation of the solar systems will generate an estimated savings of approximately 205,000 kWhs of electricity per year, or approximately SGD 77,000.00 per year for JE Cleantech. Utilization of electricity produced through solar energy is also critical to reducing the Company's dependence on electricity produced by the burning of fossil fuels.

As a leading manufacturer of precision cleaning systems in Singapore, JE Cleantech attaches great importance to its social responsibilities. The installation of solar systems at the Company's facility continues to demonstrate JE Cleantech's efforts towards reducing the impact of its carbon footprint by utilizing non-polluting solar energy as well as maintaining its sustainable growth. The Company plans to take a further step in expanding the coverage of its solar system to another facility, with an aim to increase the overall savings and to facilitate its sustainable goal.

Last year, Singapore committed to reducing emissions to around 60 million tonnes of carbon dioxide equivalent in 2030 and achieving net zero emissions by 2050. Along with this, the Government plans to meet 28% of its peak power demand from solar power by 2030. Solar energy is among the fastest-growing sources of new electric generation in Singapore and it is considered the main renewable energy focus by the Government. In line with this, JE Cleantech is sparing no efforts to support the Government and the local community along this journey.

Ms. Bee Yin Hong, CEO and Founder, JE Cleantech, said "We are proud to take one further step in fulfilling our social responsibilities and support the Government's 2050 net zero initiatives. The installation of solar systems is a milestone of JE Cleantech's support of nature conservation, pollution reduction, and climate change mitigation. This showcases JE Cleantech's ongoing commitment to prioritizing renewable efforts and ensuring a greener and more sustainable future for the community. Looking ahead, we will keep proactively committing to social responsibilities, striving for sustainable growth, and bringing sustainable returns to our shareholders and investors in the long run."

About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services, through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.

Disclaimer: Forward looking statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.

For Media Enquiries and Investor Relations, please contact:
jcse@preciouscomms.com

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

Mastering Wind Power Online Workshop is Back by Popular Demand

Singapore, Jan 31, 2023 – (ACN Newswire) – Infocus International Group, a global business intelligence provider of strategic information and professional services, has announced the new dates for Mastering Wind Power training and it will be commencing live on the 20th of February 2023.

Attendees will gain an excellent understanding of all the key factors facing wind power developers and investors, from resource assessment and energy production complexities, through technology trends, project development and planning challenges, to financial returns and risks.

The course will include the illustration of key concepts using online tools, wind resource datasets, energy yield, financial and other simple calculations, along with discussion of key planning and market environment considerations.

In keeping with the business-focused theme of the course, any illustrative materials are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken – over much longer periods! – by experienced engineers and technical teams.

A past participant from Statkraft Development AS shared, "This was one of my best spent weeks on training all year! A good and efficient way of getting an overview of the renewable energy sector. I found him very knowledgeable and enthusiastic in presenting the material, also enabling knowledge exchange between participants in the group. I really enjoyed his interesting lessons and the group work he provided for additional learning outcomes. Thanks."

"Execellent course. It is very helpful to me to understand how to develop and construct the wind farm project," said another past participant from Mitr Phol Group.

Course Sessions

1. From wind flow to electricity: wind turbines and wind farms
2. Understanding and measuring wind resources
3. Successful delivery of wind power projects
4. Taking wind power offshore
5. Making money from wind power projects

Among the key points to be addressed

– Learn from global experiences in wind power project development
– Understand unique properties of wind resource, and how these feed into financial risk analysis
– Gain a business-focused, up-to-date perspective on current and emerging wind technology innovations and project delivery best practices
– Analyse and discuss practical and project delivery risks facing wind power projects, including key stakeholder engagements
– Get hands-on with a financial model to better understand financial risks and returns for wind power projects
– Compare and contrast the unique extra costs and complexities of offshore wind projects with those onshore

Want to learn more?

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

About Infocus International Group

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

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

Mastering Wind Power Online Workshop is Back by Popular Demand

Singapore, Jan 26, 2023 – (ACN Newswire) – Infocus International Group, a global business intelligence provider of strategic information and professional services, has announced the new dates for Mastering Wind Power training and it will be commencing live on the 20th of February 2023.

Attendees will gain an excellent understanding of all the key factors facing wind power developers and investors, from resource assessment and energy production complexities, through technology trends, project development and planning challenges, to financial returns and risks.

The course will include the illustration of key concepts using online tools, wind resource datasets, energy yield, financial and other simple calculations, along with discussion of key planning and market environment considerations.

In keeping with the business-focused theme of the course, any illustrative materials are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken – over much longer periods! – by experienced engineers and technical teams.

A past participant from Statkraft Development AS shared, "This was one of my best spent weeks on training all year! A good and efficient way of getting an overview of the renewable energy sector. I found him very knowledgeable and enthusiastic in presenting the material, also enabling knowledge exchange between participants in the group. I really enjoyed his interesting lessons and the group work he provided for additional learning outcomes. Thanks."

"Execellent course. It is very helpful to me to understand how to develop and construct the wind farm project," said another past participant from Mitr Phol Group.

Course Sessions

1. From wind flow to electricity: wind turbines and wind farms
2. Understanding and measuring wind resources
3. Successful delivery of wind power projects
4. Taking wind power offshore
5. Making money from wind power projects

Among the key points to be addressed

– Learn from global experiences in wind power project development
– Understand unique properties of wind resource, and how these feed into financial risk analysis
– Gain a business-focused, up-to-date perspective on current and emerging wind technology innovations and project delivery best practices
– Analyse and discuss practical and project delivery risks facing wind power projects, including key stakeholder engagements
– Get hands-on with a financial model to better understand financial risks and returns for wind power projects
– Compare and contrast the unique extra costs and complexities of offshore wind projects with those onshore

Want to learn more?

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

About Infocus International Group

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

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

Infocus International is Introducing a Brand New Virtual Course: Corporate & Virtual Power Purchase Agreement

Singapore, Jan 26, 2023 – (ACN Newswire) – Infocus International Group, a global business intelligence provider of strategic information and professional services, has launched a brand-new virtual course – Corporate & Virtual Power Purchase Agreements and it will be commencing live on 14th February 2023.

This interactive 5-session workshop will provide clear explanations of the new models of Corporate & Virtual PPA contract structures, risk allocation, and tradeability to ensure contract bankability, of allowing RE investors, suppliers, and consumers to compete in green energy markets and power pools. The practical models for C&V PPA credit enhancements will be demonstrated through a series of real case examples of C&V PPA contracts, renewable project finance transactions, and competitive energy markets.

This workshop features a dynamic combination of experiential exercises and practical case studies to reinforce the ability of participants to actually apply C&V PPA analysis, structuring, and negotiation techniques to real transactions and contracts. Case studies of C&V PPA transactions will feature the real-world details of PPA feasibility reviews, contract structures, impact assessments, and REC and EAC valuation and monetization to provide participants with a first-hand understanding of the challenges of C&V PPA transaction documentation.

Why attend:

– Understand current & emerging methods of ammonia production
– Assess the market utilisation of ammonia today, including its linkages with other sectors (including carbon capture and utilisation)
– Identify the proposed growth paths for clean ammonia, including its expansion from chemical commodity to energy carrier or fuel
– Quantify the potential scale of the market opportunities, in energy and economic terms
– Analyse the co-existence / competition options for hydrogen and ammonia in different applications: which factors will most determine the market outcomes?
– Review project announcements from around the world, including realistic timeframes and dependencies
– Understand the practical and investment barriers to clean ammonia markets, including issues of product safety, handling and risk

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

About Infocus International Group

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

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

Brand New Virtual Course – Mastering Clean Ammonia is Now Open for Registration

Singapore, Jan 25, 2023 – (ACN Newswire) – Infocus International Group, a global business intelligence provider of strategic information and professional services, has introduced a brand new virtual course – Mastering Clean Ammonia which will be commencing live on 7th February 2023.

Ammonia is a chemical commodity with long-established supply chains from production and distribution through to utilisation. However, its current production creates substantial carbon emissions, a fact at odds with public and policy desires for cleaner economies and industrial processes. In addition to cleaning up the processes of the ammonia used in current chemical applications, producers have new reasons to be excited by the growth opportunities for clean ammonia. These opportunities lie in its possible role within the "energy transition". In particular, there is much interest in the role of clean ammonia as either a carrier of hydrogen fuel, or as a fuel in its own right, in sectors such as shipping and power generation.

This time-efficient training course will provide attendees with a comprehensive and up-to-date introduction to ammonia today and its prospects in a decarbonised world. Aimed at those in commercial, business-focused roles, including business development, strategy planning and investment, attendees will gain a clear description of the key technologies in language easily accessible to non-engineers. The market will be reviewed, illustrated by project examples, policy and strategy announcements from around the world. Clean ammonia's competitive positioning will be examined and analysed from an independent, hype-free perspective, including the challenges and alternatives that it faces.

Course Sessions:

1. Ammonia production pathways, current and emerging
2. The role of clean ammonia in the energy transition
3. Developing clean ammonia market demand and projects

Benefits of Attending:

– Understand current & emerging methods of ammonia production
– Assess the market utilisation of ammonia today, including its linkages with other sectors (including carbon capture and utilisation)
– Identify the proposed growth paths for clean ammonia, including its expansion from chemical commodity to energy carrier or fuel
– Quantify the potential scale of the market opportunities, in energy and economic terms
– Analyse the co-existence / competition options for hydrogen and ammonia in different applications: which factors will most determine the market outcomes?
– Review project announcements from around the world, including realistic timeframes and dependencies
– Understand the practical and investment barriers to clean ammonia markets, including issues of product safety, handling and risk

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

About Infocus International Group

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

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

Gradiant 2022: A Watershed Year in Review

Singapore, Jan 19, 2023 – (ACN Newswire) – Prakash Govindan, COO and Co-Founder of Gradiant, a global solutions provider for advanced water and wastewater treatment, reflects upon the key highlights of the company in 2022.

“Despite the challenges faced in the global markets with COVID-19, inflation, and supply chain risks, 2022 was a breakout year for Gradiant,” Prakash remarks. “The consistent success is credited to the company’s proprietary technologies and integrated solutions that address a broad range of end-use applications for the world’s essential industries. Gradiant is serving a growing list of the top brands and manufacturers in the world with its mission-critical solutions for advanced manufacturing. We remain true to our roots as a technology company by continuing to rapidly translate R&D innovations into commercial solutions.”

Gradiant’s 2022 revenues have more than doubled from the prior year and is expected to double again in 2023 given the backlog of over $150 million USD in systems, service, and design-build-operate projects.

“We announced strategic acquisitions of WaterPark and Synauta this year. WaterPark is a Taiwan-based design and construction firm focused on water technologies for advanced manufacturing. The acquisition strengthens Gradiant’s portfolio of technologies and applications expertise in biological wastewater and unlocks Gradiant’s full range of solutions and global resources to WaterPark’s advanced industrial clients in semiconductor and microelectronics manufacturing.”

The May 2022 acquisition of Synauta, an artificial intelligence water technology company, accelerates Gradiant’s deployment of digital twin technology in water. Industrial clients are increasingly adopting machine learning AI for their water operations to address challenges of sustainability and cost pressures, business continuity, and regulatory compliance. Digital water is the area of greatest innovation potential in the global water industry, and Synauta bolsters Gradiant’s position as a technology leader in this space.

In September, Gradiant announced the appointment of Govind Alagappan as President. “Govind joins us from leadership roles at Evoqua and SUEZ Water technologies and brings us deep knowledge in sales & operational excellence in a global business. He has the perfect mix of skills and experience to lead Gradiant to the next level of transformative business growth.”

Gradiant announced a strategic partnership with SLB to deliver the sustainable production of battery-grade lithium compounds. “Our technologies will enable high levels of lithium concentration in a fraction of the time required by incumbent and competing methods, while also reducing carbon and water footprints and capital costs.”

The industry recognized Gradiant’s impact with a series of awards in 2022, including Global Water Intelligence’s”Water Technology Company of the Year” distinction and “Breakthrough Technology Company of the Year” for Synauta, as well as the International Desalination Association award for “Most Innovative Company“, and “A Great Place to Work” honors for Gradiant.

“Gradiant looks to 2023 for growth into new applications and geographies, and deep penetration into strategic markets. The company will expand capabilities and access-to-markets through strategic partnerships and acquisitions. Gradiant will continue to deploy its full technology stack to bring together industry-leading water treatment solutions with the power of AI to sustainably solve the world’s most important water challenges.”

About Gradiant

Gradiant is a global solutions provider for advanced water and wastewater treatment. With a full suite of differentiated and proprietary end-to-end solutions, powered by the top minds in water, Gradiant serves its clients’ mission-critical operations in the world’s essential industries. Gradiant was founded at the Massachusetts Institute of Technology (MIT) and is uniquely positioned to address the world’s increasing challenges created by industrialization, population growth, and water stress. Today, with over 525 employees, Gradiant operates from its global headquarters in Boston, regional headquarters and Global Innovation Center in Singapore, and offices across twelve countries. For more information, please visit www.gradiant.com.

Corporate Contact
Felix Wang
Gradiant, VP of Marketing
fwang@gradiant.com

The Best Rated Mastering Solar Power Virtual Training is Now Open for Registration

Singapore, Jan 18, 2023 – (ACN Newswire) – Registration for Infocus International Group top rated Mastering Solar Power (www.infocusinternational.com/solar-online) online training has begun. The course will be commencing live on 6th February 2023.

Throughout these 5 sessions, attendees will gain a good understanding of the key factors from an integrated, multidisciplinary and commercial viewpoint, including: target market analysis, economic competitiveness, channels-to-market, financing influences and risk, project development processes, best practices and emerging technologies.

This programme schedule includes illustrations of key project development considerations, including energy yield, financial and other simple calculations, along with the chance to discuss key planning and market environment considerations.

In keeping with the business-focused theme of the course, these illustrative exercises are designed to provide time-efficient clarification of the key course takeaways, aimed at commercially-focused business developers and investors. They are therefore accessible to non-experts, not designed to replicate the complex or in-depth detailed planning undertaken – over much longer periods!

One of our past attendees from Credit Agricole CIB commented, "Excellent overview of renewables in the context of overall energy mix, and also details on specific renewable markets and technologies. Highly accomplished trainer with a broad knowledge and the right mix between slides and exercises."

Another past attendee from responsibility Investments AG also shared that, "The trainer represents a thoughtful and unbiased view in the realm of renewable energy. His insights are well reasoned, clear and, perhaps most importantly, backed up by hard numbers. Definitely a person I would turn to for guidance in this space."

Course Sessions

1. What makes a solar power plant?
2. Solar resource assessment and project design
3. Solar project development and delivery
4. Selling solar power
5. The economics and financing of solar power projects

Benefits of Attending

– Speak the language of solar energy: terminology and concepts
– Understand the key variables determining the economics of solar PV projects
– Review current and emerging market opportunities for solar PV, including integrations such as energy storage
– Navigate the typical project development requirements, processes and risks
– Learn how financial returns and risks arise in PV projects
– Be better able to converse with project partners, suppliers, investors, policymakers and other stakeholders
– Know what to look for when evaluating PV project opportunities
– Identify key investment and project performance risks
– Analyse and critique current and emerging business models

Want to learn more?

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

About Infocus International Group

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

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

Infocus International Brings Back Carbon Capture, Utilisation and Storage (CCUS) Online Masterclass

Singapore, Jan 17, 2023 – (ACN Newswire) – Infocus International Group is bringing back the highly recommended Carbon Capture, Utilisation and Storage (CCUS) online masterclass and it will be commencing live on the 17th January 2023 and 16th May 2023.

This course is intended for those in business, commercial and strategically focused roles within the energy sector; in particular those responsible for environmental matters, business sustainability and business transformation in areas such as oil & gas, hydrogen and industrial energy usage.

Attendees will leave with a clearly explained and independent perspective on how, where and why CCUS is happening now and could grow in future – covering the range of technological solutions and business drivers, including policy. In addition to reviewing existing CCUS approaches, the course will highlight new opportunities and integrated value creation possibilities through emerging carbon utilisation options. This will include how the fate of carbon capture links to other aspects of the clean energy transition, such as clean hydrogen production, industrial decarbonisation and the transition away from oil & gas.

One of our past attendees from Solar Clear shared, "This course has provided a good understanding and cleared all false expectations about CCUS and of its cross entanglement to the hydrogen sector and the importance of both for decarbonising the world's (or part of the world's) economy."

"The up-to-date information was provided in course. The materials were available before the course, that is why it was possible to think about questions. The course materials were logically structured. The lecturer was highly professional. The organization of course was wonderful. Thank you very much!," said a past participant from Latvenergo.

Course Sessions

– Carbon sources & capture technologies
– Carbon storage, transport & utilisation
– Hydrogen, carbon and industrial clusters
– Growing CCUS: scalability, markets, policies & strategies

Benefits of Attending

– Understand the most challenging aspects of the clean energy transition & the role of CCUS in addressing them
– Examine the various technological aspects of the CCUS value chain, from capture through to storage and/or utilisation pathways
– Discuss the key economic and policy variables which will determine how CCUS plays out in different markets
– Review up-to-date examples of projects and strategies from around the world, and evaluate the lessons from them
– Learn the dynamics of the new competitive environment, including the risks of 'business as usual' and the importance of industrial clusters in CCUS deployment
– Identify approaches to sustainable strategic planning and new business opportunity assessment

Want to learn more?

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

About Infocus International Group

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

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

SinoHytec Successfully Listed on the Main Board of HKEX

HONG KONG, Jan 12, 2023 – (ACN Newswire) – The leading provider of fuel cell systems in China – Beijing SinoHytec Co., Ltd. ("SinoHytec" or the "Company", Stock Code: 2402), has successfully listed and commenced dealings on the Main Board of the Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange" or "HKEX") today, under the stock code of 2402 and the Offer Price is HK$60 per Share in board lots of 50 shares each.

SinoHytec is listed on the main board of HKEX, with 17,628,000 shares being offered globally, Among them, the International Offering was moderately over-subscribed, representing approximately 1.84 times the total number of 15,865,200 Offer Shares initially available under the International Offering.The Hong Kong Public Offering was slightly over-subscribed, representing approximately 0.29 times the total number of 1,762,800 Offer Shares initially available for subscription under the Hong Kong Public Offering.

The net proceeds from the Global Offering to be received by the Company is estimated to be approximately HK$982.8million, after deduction of the underwriting commissions, fees and other estimated expenses payable in connection with the Global Offering, of which approximately 75% of the net proceeds received from the Global Offering will be used to fund the Company's research and development in the next three years; and about 15% will be used to enhance the Company's brand recognition through product promotion and multi-channel marketing in the next three years; the remaining approximately 10.0% will be used for working capital and other general corporate purposes.

SinoHytec adheres to the R&D principles of "Advance Research", "Continuous Development" and "In-depth Promotion". Following a vertically integrated R&D path, it has evolved from integrating the fuel cell system into the fuel cell powertrain assembly, to developing and manufacturing the fuel cell system and the stack, and most recently the bipolar plate (the core component of the stack). In addition, the Company plans to develop and manufacture membrane electrodes, another major fuel cell stack component, through its main associate company, Shanghai Maximfuelcell Technology Co., Ltd.

In addition to independent research and development, the Company jointly undertakes research and development projects and jointly develops fuel cell vehicles with research institutions, government departments and well-known automobile manufacturers. The Company's industry competitive advantages derive from its continuous leading position in the fast-growing Chinese fuel cell system market, strong R&D strength, established stable cooperative relations with domestic mainstream commercial vehicle companies, integrated parts supply system and established in-depth cooperation relations with suppliers, as well as the support of experienced senior management team and high-quality staff team, which will help the Company stand out from its many opponents.

Mr. Zhang Guoqiang, Chairman, Executive Director and General Manager of SinoHytec said: "Today, SinoHytec is officially listed on the Main Board of the Hong Kong Stock Exchange, which is an important milestone in the Company's development and marks the entry of SinoHytec into the international capital market. We would like to express our gratitude to our investors for their trust and support of SinoHytec. Setting off from a new starting point, we will further promote the research and development of fuel cell systems and core components;
Expand the production capacity of fuel cell stacks to meet the growing market demand and achieve economies of scale; economies of scale; strategically expand customer base and regional coverage; expand and strengthen the supply chain; and enhance brand awareness and promote the application of fuel cell systems. We will grasp the future trends and directions of the industry, and leverage our own competitive advantages to further consolidate SinoHytec's market position to create the greatest value for shareholders and investors."

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

Elcogen AS: MOU with Korea Shipbuilding and Offshore Engineering and Fraunhofer Institute for Ceramic Technologies and Systems

TALLINN, EE, Jan 9, 2023 – (ACN Newswire) – Elcogen, the European manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, is pleased to announce the signing of a Memorandum of Understanding ("MOU") with Korea Shipbuilding and Offshore Engineering ("KSOE"), a member of Hyundai Heavy Industries Group ("HHI Group"), and the Germany based Fraunhofer Institute for Ceramic Technologies and Systems ("IKTS"). The MOU was signed at recently held CES 2023 in Las Vegas.

The MOU covers close R&D collaboration in the fields of green hydrogen production and emission-free power generation systems. KSOE is a research-oriented intermediate holding company of Hyundai Heavy Industry (HHI) group, one of the world's largest shipbuilders and is headquartered in Seoul, South Korea. In its own research centers, KSOE is pursuing the development of innovative technologies, including emission-free power generation and hydrogen value chain.

Click on, or paste the following link into your web browser, to view the full announcement:
http://www.rns-pdf.londonstockexchange.com/rns/0647M_1-2023-1-9.pdf

For further information please visit https://elcogen.com/ or contact:

Elcogen AS
Marek Roostar
marek.roostar@elcogen.com
+372 53 84 6006

Tavistock (Corporate and Financial PR)
Simon Hudson / Nick Elwes / Rebecca Hislaire
elcogen@tavistock.co.uk
+44 20 7920 3150

For more information about KSOE, please visit http://ksoe.co.kr/en/about01

For more information about IKTS, please visit https://www.ikts.fraunhofer.de/en/aboutus.html

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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