SKYX Achieves Historic U.S. Standardization Approval Vote – a Major Milestone Towards Mandatory Status for Safety of Consumers and Professionals

MIAMI, FL, Aug 9, 2022 – (ACN Newswire) – SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies") ("SKYX," "we" or "the Company"), a highly disruptive platform technology company, with over 60 issued and pending patents globally for simplifying and enhancing safety and automation in homes and buildings, today announced that its universal safe installation specifications for plug & play ceiling outlet for lighting and fan products has been officially voted on and approved by ANSI/NEMA, the leading U.S. standardization organizations for the standardization of the SKYX safe weight-bearing plug and outlet/receptacle for ceilings ("SkyPlug").

The American National Standards Institute ("ANSI") is the leading U.S. standards approval organization, whose standards are regularly specified by most architects and engineers for U.S. residential and commercial buildings to ensure safety, quality and reliability. The National Electrical Manufacturers Association ("NEMA") is a standards-developing organization that promotes the standardization of major U.S. electrical products for manufacturers. The achievement of an ANSI / NEMA vote approval is a lengthy and rigorous process, widely considered to be very difficult to achieve. Examples of other products that are standardized include the wall outlet, GFCI bathroom outlet and other key products that are included in every home in the U.S.

The standardization of the SKYX plug & play weight-bearing plug and outlet/receptacle for ceilings by ANSI/NEMA will universally provide SKYX's product specifications to manufacturers to help save lives, time and money for both professionals and consumers, enabling them to install light fixtures and ceiling fans with a safe plug & play installation in just minutes, if not seconds.

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: "This standardization approval vote opens the door to major sales and licensing opportunities, as well as a milestone achievement not only for SKYX, but for consumers and professionals across the nation. In today's world, I believe that consumers and professionals shouldn't have to risk their lives standing on ladders for a long time, while touching hazardous wires to install light fixtures and ceiling fans. Additionally, this is a significant development for lighting and fan companies as well as showrooms. It not only saves their customers both time and money, but enables them to safely and quickly replace light fixtures and ceiling fans, and purchase fixtures much more often for a variety of reasons – be that to match fashion trends, accommodate the changing of seasons, holidays and more."

Mark Earley, former Chief Electrical Engineer at NFPA, former head of the NEC and current Chair of the SKYX Safety Advisory Board, said: "This is a significant achievement for SKYX and the safety of U.S. consumers and professionals. With hundreds of millions of installations taking place in the U.S., there are many risks associated with installing or replacing light fixtures and ceiling fans. These risks include injuries and deaths from fires, shocks, electrocutions, and falls from ladders. These risks can be reduced by using the SKYX safe plug and play installation method, that also saves installation time, which substantially reduces time spent on ladders."

Bernard Zyscovich, a leading U.S. architect, internationally recognized design and thought leader, and Chair of the SKYX Architectural & Real Estate Advisory Board, said: "Having the ANSI/NEMA approval vote to include a design of a product is on top of the list for architects and engineers and a substantial deciding factor determining builders' product acceptance. As it reflects product integrity, quality and most important, safety. This achievement by SKYX's ceiling outlet receptacle and plug is ground-breaking."

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the standard.

SKYX Platforms Corp. (NASDAQ:SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com or follow us on LinkedIn.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Our estimates of the addressable market for our products may prove to be incorrect. The projected demand for our products could materially differ from actual demand. Forward-looking statements speak only as of the date they are made and include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company's efforts and ability to drive the adoption of Sky's Plug Smart Platforms into multi-family residential buildings and communities and adoption by hotels, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission. In particular, the American National Standards Institute's (ANSI) and the National Electrical Manufacturers Association's (NEMA) vote for the standardization of the Company's weight-bearing plug and outlet/receptacle for ceilings does not guarantee approval by the National Fire Protection Association's (NFPA) Committee on the National Electrical Code (which consists of multiple code-making panels and a technical correlating committee and develops the National Electrical Code (NEC)) or any other trade or regulatory organization and does not guarantee that any of the Company's products will become National Electrical Code (NEC)-code mandatory in any jurisdiction, or that any of the Company's current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all. There can be no assurance as to any of these matters. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Investor Relations Contact:
Lucas A. Zimmerman
MZ North America
(949) 259-4987
SKYX@mzgroup.us

SOURCE: SQL Technologies, Inc. dba Sky Technologies

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HG Semiconductor Places 30 Million New Shares and Announces Subscription of 60 Million Shares and 60 Million Warrants by Founder of GCL Technology Mr. Zhu Gongshan

HONG KONG, Aug 8, 2022 – (ACN Newswire) – HG Semiconductor Limited ("HG Semiconductor", together with its subsidiaries, "the Group", Stock Code: 6908.HK) has announced placement of 30 million new shares ("Placing Shares") at the placing price of HK$3.20 per share to no less than six placees. In addition, the Group has entered into an investment agreement ("Investment Agreement") with Profit Act Limited ("Strategic Investor"), an entity indirect wholly-owned by the Founder, Chairman and Executive Director GCL Technology Holdings Limited (Stock Code: 3800.HK) Mr. Zhu Gongshan ("Mr. Zhu"), pursuant to which the Group had conditionally agreed to allot and issue, and Strategic Investor had conditionally agreed to subscribe for 60 million subscription shares ("Shares Subscription") and 60 million warrants ("Warrants Subscription").

As at 5 August 2022, the Group has 563,591,000 shares in issue. Pursuant to the placing agreement, the Placing Shares represent approximately 5.32% of the existing issued share capital of the Group. After deducting the placing commission and other relevant expenses, the maximum net proceeds will amount to approximately HK$93.6 million. The Group intends to use approximately HK$78.0 million of the proceeds for strengthening its research and development ("R&D") capabilities of semiconductor business including light-emitting diode ("LED"), Mini LED, fast charging, gallium nitride ("GaN") devices and related products, which includes set-up of R&D centres, recruitment of R&D professionals, and the procurement of equipment and materials with an aim to develop and/ or capture patent and technology. The remains of the net proceeds will be used for provision of general working capital and improving the financial position of the Group.

In regard to the Investment Agreement with Strategic Investor, the Shares Subscription price is HK$3.00 per subscription share, while the subscription price of each warrant share upon exercise of the warrants will be HK$3.68. After deduction of relevant costs and expenses, the gross and net proceeds from the Shares Subscription and full exercising of the subscription rights attaching to the warrants will be approximately HK$180.0 million and approximately HK$220.8 million respectively. The Group proposes to use the proceeds from the Shares Subscription and Warrants Subscription for the development of GaN business. The subscription shares and warrants shares cannot be sold or transferred for 18 months commencing on the date of issuance. Meanwhile, the Strategic Investor will conduct due diligence examinations on the Group regarding its business, financial, and legal aspects etc. If the results of the due diligence examinations are to the satisfaction of Mr. Zhu, the Strategic Investor will participate in the Shares Subscription and the Warrants Subscription. The subscription shares and warrant shares will be allotted and issued under the Shares Specific Mandate to be sought from the shareholders at extraordinary general meeting (EGM).

Mr. Zhu is the Founder, Chairman and Executive Director of GCL Technology Holdings Limited. He was a member of the 12th National Committee of the Chinese People's Political Consultative Conference (the "CPPCC") and is currently a member of the 12th Jiangsu Province Committee of the CPPCC, the chairman of Global Green Energy Industry Council, the vice chairman of Global Innovation Centre, the chairman of Asian Photovoltaic Industry Association, the deputy director of the Green and Low Carbon Development Promotion Committee of China Enterprise Confederation, the executive vice president of the Energy Storage and Electric Vehicle Branch of China Electricity Council. Over the years, Mr. Zhu has been deeply involved in the fields of electric power, photovoltaic, natural gas, new energy vehicle operation and semiconductor. In addition, he attaches great importance to scientific and technological innovation. The Investment Agreement between the Group and the Strategic Investor signifies the trust and support of Mr. Zhu, giving the Group a strong vote of confidence in further solidifying the business strategies and development of GaN.

Subsequent to the personal investment in HG Semiconductor by Dr. Justin Chiu, Executive Director of CK Asset Holdings Limited (Stock Code: 1113.HK), the management of the Group is delighted to introduce more new investors. The Shares Subscription and Warrants Subscription represent a good opportunity for the Group to raise additional capital for expanding its GaN business, so as to expedite the Group's development. In view of the steadfast development of global new energy vehicles, coupled with global geopolitical risks and other factors, various countries fully support the development of the semiconductor industry (particularly the third-generation semiconductor), the Group's GaN business is poised to embrace bright prospects. Leveraging the background of Mr. Zhu as a strategic shareholder, the Group expects (i) further coordination of resources in the new energy industry with Strategic Investor alongside strategic synergy with the Group's third-generation semiconductors (especially power chips) to form complementary industrial resources; (ii) the use of Strategic Investor's financial resources and business network in the financial system to assist the Group in the rapid development of production capacity and products; (iii) facilitation of the Group to work closely with local governments to improve the policies and supports for the third-generation semiconductor industry; and (iv) that the Strategic Investor will share experiences in operation and management to assist the Group to build up its talents, operations, technology and R&D.

Looking ahead, the Group will continue to proactively pursue technological innovation, refine its business strategies to capture market opportunities and accelerate growth in its GaN semiconductor business, striving to generate continuous and stable returns for its shareholders in the long run.

About HG Semiconductor Limited
HG Semiconductor Limited (6908.HK) is principally engaged in semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode ("LED") beads and a new generation of semiconductor gallium nitride ("GaN"). The Group is committed to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.

For more details, please visit www.hg-semiconductor.com


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Mitsubishi Electric Building Solutions Delivers 123 Elevators to Large Office Building in China

TOKYO, Aug 2, 2022 – (ACN Newswire) – Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Tadashi Matsumoto) announced today that Shanghai Mitsubishi Elevator Co., Ltd. has delivered 123 elevators for JD.com's new Headquarters building *1 for second phase construction.


JD.com Headquarters (Second Phase Construction)


The building is located in Yizhuang Economic Development Zone in Beijing and has a total floor area of 530,000 square meters. Approximately 15,000 people work in the 19-story building complex consisting of three parts (A, B and C office buildings), including five underground floors. Since many employees and visitors come and go every day, the occupation density on each floor is expected to be higher than that of a typical building. Accordingly, shortening the waiting time for elevators was a challenge.

Of the 123 units delivered, 84 are large-capacity elevators that are usually installed in 40 to 50-story buildings. These units can be operated under a group control system and MEBS's Destination Oriented Allocation System (DOAS) to efficiently transport large numbers of users at once, easing congestion in the buildings and contributing to comfortable travel.

Product Features

JD.com's new Headquarters building is recognized as a smart building with a variety of new cutting-edge building facilities installed, including facial recognition access, IP telephone and web conferencing systems using a high-speed 5G network, and AI-based building monitoring and smart lighting systems. MEBS is supporting smooth movement within the building by delivering elevators that are compatible with group control system and DOAS operation.

1) Group control system to enhance operational efficiency
– This system controls multiple elevators at all times to reduce waiting time and save electricity.
– The introduction of AI maximizes operational efficiency by predicting traffic in the buildings and controlling the number of elevators allocated accordingly.

2) Destination Oriented Allocation System (DOAS) to ensure comfortable travel
– This system eases congestion in elevator lobbies by distributing passengers according to their destination floor.
– By holding an ID card over the card reader, users can register their destination floor in advance and board the elevator without touching the hall button.

MEBS's Elevator Business in China

China is the world's largest elevator and escalator market, with an annual demand for new elevators and escalators exceeding 900,000 units. Although the growth in units sold has slowed considerably in recent years due to restrained speculation in the real estate market, moderate expansion is expected to continue against the backdrop of actual demand for public infrastructure and housing. MEBS will continue to respond to the needs of the Chinese market by providing safe, reliable, and comfortable products and services.

Overview of Project
Project Name: JD.com Headquarters (Second Phase Construction)
Location: Yizhuang Economic Development Zone, Beijing, China
Building: 5 basement levels and 19 above-ground stories
Total floor area: 530,000 m2
Products: Elevator(MAXIEZ) 123 units
Specification:
– High Zone
Unit: 84, Capacity: 1,800 kg, Speed: 240 m/m, No. of stops: 14-26, Notes: Group control system with DOAS
– Low Zone
Unit: 39, Capacity: 1,600 kg, Speed: 105 m/m, No. of stops: 3-10
Sales company: Shanghai Mitsubishi Elevator Co., Ltd. (SMEC)
Manufacturer: Mitsubishi Electric Shanghai Electric Elevator Co., Ltd. (MESE)

Overview of SMEC
Company Name: Shanghai Mitsubishi Elevator Co., Ltd.
Location: 811 Jiang Chuan Road, Minhang, Shanghai
Ownership:
– Shanghai Mechanical & Mechanical Industry Co., Ltd.: 52%
– China National Machinery Import & Export Corp.: 8%
– Mitsubishi Electric Corporation: 32%
– Mitsubishi Electric Building Solutions Corporation: 8%
Established: December 1986
Business: Sales, manufacture, installation, and maintenance of elevators and escalators

Overview of MESE
Company Name: Mitsubishi Electric Shanghai Electric Elevator Co.,Ltd.
Location: No.1211 Zhongchun Rd., Minhang, Shanghai
Ownership:
– Shanghai Mechanical & Mechanical Industry Co., Ltd.: 40%
– Mitsubishi Electric Corporation: 40%
– Mitsubishi Electric Building Solutions Corporation: 20%
Established: August 2002
Business: Sales, manufacture, installation, and maintenance of elevators and escalators

Overview of MEBS
Company Name: Mitsubishi Electric Building Solutions Corporation
Background: A new consolidated subsidiary of Mitsubishi Electric established in April 2022 to take over and integrate the building systems business of Mitsubishi Electric through an absorption-type split into Mitsubishi Electric Building Techno-Service Co., Ltd., a consolidated subsidiary mainly responsible for elevator maintenance and renewal business.
Location:
(Head Office) 7-1 Yurakucho 1-Chome, Chiyoda-ku, Tokyo
(Headquarters) 2-7-3 Marunouchi, Chiyoda-ku, Tokyo, 7-19-1 Arakawa, Arakawa-ku, Tokyo
Established: March 29, 1954 (Date of establishment of Mitsubishi Electric Building Techno-Service Co., Ltd.)
Founded: April 1, 2022
Paid-in Capital: 5,000 million yen
Representative: Tadashi Matsumoto
Business:
– Development, manufacture, sales, installation, maintenance, repair, etc., of elevators, escalators and building management systems
– Sales, installation, maintenance and repair of refrigeration systems and air conditioners
– Comprehensive building management, including monitoring and control of various building facilities, facility management, operation, and consulting

*1 In addition to the latest smart building equipment, the building is designed with consideration for the environment in accordance with China's Green Building Assessment (GB standard), which has been in effect since 2006.

Customer Inquiries
Strategic Planning Division, Global Business Group
Mitsubishi Electric Building Solutions Corporation
bod.inquiry@rk.MitsubishiElectric.co.jp

Media Inquiries
Corporate Communication Division
Mitsubishi Electric Building Solutions Corporation
a_meltec-kouhou@meltec.co.jp

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Singapore NASDAQ Listed Precision Cleaning Systems Manufacturer And A Provider of Centralized Dishwashing And Ancillary Services, JE Cleantech Holdings Rings Closing Bell

SINGAPORE, Aug 1, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), Singapore's leading manufacturer of precision cleaning systems and a provider of centralized dishwashing and ancillary services, recently rang the closing bell of the NASDAQ stock exchange.


JE Cleantech Holdings Limited rings NASDAQ Closing Bell

Elise Hong, CEO and Co-Founder, JE Cleantech Holdings Limited

NASDAQ Tower, New York


JE Cleantech is a Singapore-based manufacturer of precision cleaning systems and a provider of centralized dishwashing and ancillary services in Singapore and Malaysia. Started in 1999, the company has an established local client network of long-term customers across Southeast Asia with a growing international footprint in markets such as Europe and the United States. The company also recently made its first foray into the tech hardware industry, securing its first contract to develop precision cleaning systems for a sensor products manufacturer.

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. http://www.jecleantech.sg/

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TANAKA to Establish New Building at Hukou Plant, Expanding Its Precious Metal Recycling Business in Taiwan

TOKYO, Jul 21, 2022 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) has announced that it will establish a new building at the Hukou Plant in Hsinchu County, Taiwan.


Expected appearance of the new building at Hukou Plant


The new building will be constructed with an investment of approximately 3.5 billion yen to create a "one-stop service" for precious metal recycling and further expand business in Taiwan. It is planned to have eight floors above ground and one basement floor, making the total floor area of the Hukou Plant approximately six times larger after completion. The plant is scheduled to begin operation in the first half of 2025.

TANAKA Kikinzoku Kogyo expects to expand its recycling business in Taiwan by 2026 to provide a stable supply of precious metal materials and contribute to Taiwan's semiconductor industry, which has a large share of the entire semiconductor market.

Taiwan TANAKA Kikinzoku Kogyo has been engaged in the precious metal recovery and refining business in Taiwan since the establishment of the Hukou Plant in 2005. TANAKA Kikinzoku Kogyo has decided to further expand its precious metal recycling business because of the increase in demand for semiconductors in recent years and the growing worldwide trend toward reducing environmental impact and increased need for sustainable materials and products.

Currently, TANAKA Kikinzoku Kogyo is expanding its precious metal recovery and refining business by working in cooperation with local companies and conducting processing work outside of Taiwan. With the establishment of the new building, TANAKA Kikinzoku Kogyo aims to conduct business solely in Taiwan. In addition, precious metals such as precious metal plating waste liquid, production scraps, and used catalysts for automobiles and petrochemicals can be recycled with a high recovery rate, refined to high purity, and recovered as products that customers desire. By completing all processes in Taiwan, TANAKA Kikinzoku Kogyo believes that it can contribute to the reduction of import and export processes.

An important part of recycling precious metals is the ability to analyze the amount of precious metals contained in the materials that are recycled. TANAKA Kikinzoku Kogyo has advanced precious metal analytical techniques* cultivated through many years of research and development, allowing products collected from customers to be evaluated accurately.

*As one measure of our assaying capabilities, TANAKA Precious Metals is one of only five companies worldwide, and the only company in Asia, to be accredited as a Good Delivery Referee by both the LBMA and LPPM, the most authoritative market-monitoring organizations worldwide. TANAKA Precious Metals is also the first company in Japan to acquire ISO/IEC 17025 accreditation for our platinum, gold, silver, and palladium assay competence.

By expanding its recycling business through the "one-stop service" of precious metal recovery and refining in Taiwan, TANAKA Kikinzoku Kogyo will contribute toward the creation of a society that prioritizes recycling which is called for worldwide.

Press release in PDF: https://www.acnnewswire.com/docs/files/2022721_EN.pdf

About Taiwan TANAKA Kikinzoku Kogyo

Taiwan TANAKA Kikinzoku Kogyo began manufacturing electrical contacts when it established the Hsinchu Plant in 1987. After that, it established the Hukou Plant in 2005 and started recovering and refining precious metals under a reuse license.

In order to provide cutting-edge technology and high-quality service, the Hukou Plant has many years of operating experience and has installed precious metal refining equipment equivalent to that of Japanese plants. Taiwan TANAKA Kikinzoku Kogyo also has several Japanese engineers on site to provide the same high-quality service as in Japan and offer customers technical support for precious metal plating and proposals for precious metal recovery systems.

Overview of the new building
Plant name: TANAKA Kikinzoku Kogyo Co., Ltd. New Building at Hukou Plant
Total floor area: Approx. 8,300 m2
Structure: Eight floors and one basement floor
Description of business: Manufacture of precious metal industrial products, and recovery and refining of precious metals
Start of operations: Scheduled for the first half of 2025

Taiwan TANAKA Kikinzoku Kogyo Co., Ltd.
Head Office: 11F-2, 88 DunHua North Rd., Songshan District, Taipei City, 105410, Taiwan
Founded: 1986
Representative: Takumi Shichita, Chairman
Description of business: Manufacture of electrical contacts, processing of wire rods, and recovery and refining of precious metals

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a portfolio of products to support a diversified range of business uses focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and assets. As precious metals specialists, all Group companies in Japan and around the world collaborate and cooperate on manufacturing, sales, and technology development to offer a range of products and services. With 5,225 employees, the group's consolidated net sales for the fiscal year ending March 31, 2022, was 787.7 billion yen*

*From the current consolidated fiscal year, the amounts of sales for some transactions are indicated as net values due to application of the Accounting Standard for Revenue Recognition.

Global industrial business website
https://tanaka-preciousmetals.com

Product inquiries
TANAKA Kikinzoku Kogyo K.K.
https://tanaka-preciousmetals.com/en/inquiries-on-industrial-products/

Press inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JE Cleantech Secures More Than US$700,000 in New Orders During the First Half of 2022, Expands Capabilities into Tech Hardware

SINGAPORE, Jul 14, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), a Cayman Islands company whose group operations are based in Singapore, today announced the receipt of a new order by its subsidiary, JCS-Echigo Pte Ltd, from a major customer in Singapore. Under this new order, the group will design, develop and manufacture a new precision cleaning system under the customer's specified requirements. The new order is valued at approximately US$700,000 and represents an expansion of JE Cleantech Holding's presence in the tech hardware industry.

The new customer designs and manufactures sensor products. The new customer is part of the international group that serves clients worldwide. With the new precision cleaning system by JCSE, the new customer will be able to deliver better services to its customers.

JE Cleantech Holdings has experience in manufacturing precision cleaning systems for a wide range of sectors – past orders include cleaning and equipment manufacturing for hard disk drives, semiconductors, biomedical, food and beverage, and industrial electronics companies. As a leading homegrown industrial manufacturer with a long and proven track record, the entry into this new sector demonstrates JE Cleantech's ability to apply its expertise to different sectors to scale and support its growth.

The precision-cleaning equipment manufacturing market in Singapore is estimated to reach an estimated S$143.0 million by 2025, marking a CAGR of 9.0 percent over the forecasted period. It also reflects an optimistic market outlook for the precision cleaning industry. The group also provides cleaning equipment and centralized washing services for food courts, hawker centers, restaurants, cookhouses, eldercare homes, and an inflight catering service provider. The Company has also maintained a healthy balance sheet through the height of the pandemic, the new partnership is the first step in a strong recovery for Singapore's industrial sector and positive prospects for the years to come.

In the near term, JE Cleantech intends to double production capacity. The Company is looking to further expand its product portfolio and increase the size of its R&D and engineering team. Longer-term, the Company aims to become the preferred choice for all industrial precision cleaning needs in Singapore.

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. http://www.jecleantech.sg/

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

JE Cleantech Secures More Than US$700,000 in New Orders During the First Half of 2022, Expands Capabilities into Tech Hardware

SINGAPORE, Jul 14, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), (the "Company"), a Cayman Islands company whose group operations are based in Singapore, today announced the receipt of a new order by its subsidiary, JCS-Echigo Pte Ltd, from a major customer in Singapore. Under this new order, the group will design, develop and manufacture a new precision cleaning system under the customer's specified requirements. The new order is valued at approximately US$700,000 and represents an expansion of JE Cleantech Holding's presence in the tech hardware industry.

The new customer designs and manufactures sensor products. The new customer is part of the international group that serves clients worldwide. With the new precision cleaning system by JCSE, the new customer will be able to deliver better services to its customers.

JE Cleantech Holdings has experience in manufacturing precision cleaning systems for a wide range of sectors – past orders include cleaning and equipment manufacturing for hard disk drives, semiconductors, biomedical, food and beverage, and industrial electronics companies. As a leading homegrown industrial manufacturer with a long and proven track record, the entry into this new sector demonstrates JE Cleantech's ability to apply its expertise to different sectors to scale and support its growth.

The precision-cleaning equipment manufacturing market in Singapore is estimated to reach an estimated S$143.0 million by 2025, marking a CAGR of 9.0 percent over the forecasted period. It also reflects an optimistic market outlook for the precision cleaning industry. The group also provides cleaning equipment and centralized washing services for food courts, hawker centers, restaurants, cookhouses, eldercare homes, and an inflight catering service provider. The Company has also maintained a healthy balance sheet through the height of the pandemic, the new partnership is the first step in a strong recovery for Singapore's industrial sector and positive prospects for the years to come.

In the near term, JE Cleantech intends to double production capacity. The Company is looking to further expand its product portfolio and increase the size of its R&D and engineering team. Longer-term, the Company aims to become the preferred choice for all industrial precision cleaning needs in Singapore.

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. http://www.jecleantech.sg/

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

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ULVAC-PHI Launches Sales of Latest XPS System that Dramatically Accelerates Battery Research and Development

Chigasaki, Japan, Jul 5, 2022 – (ACN Newswire) – ULVAC-PHI Incorporated has launched the PHI GENESIS, an automated and multi-function scanning X-ray photoelectron spectrometer (XPS: X-ray Photoelectron Spectroscopy or ESCA: Electron Spectroscopy for Chemical Analysis). The PHI GENESIS is the united model of PHI's multi-functional scanning XPS instruments and was designed for automation and simplified operation.


PHI GENESIS scanning X-ray photoelectron spectrometer


Background

Advanced materials such as all-solid-state batteries, advanced semiconductors, and artificial photosynthesis are complex combinations of materials, and their research and development require speed in optimizing the performance of each material as well as the combination of materials. There is a growing need for high-performance and highly functional surface and interface analysis that can dramatically accelerate such research and development. ULVAC-PHI begins offering a new surface analysis system that not only offers extremely high basic performance but also a high degree of automation to meet the various individual requirements of worldwide customers. The solution is the new "PHI GENESIS" scanning X-ray photoelectron spectrometer (XPS) from ULVAC-PHI.

Summary

The "PHI GENESIS" XPS is a new product that combines the core "GENESIS" of the PHI surface analysis instruments, which has a 50-year tradition of advanced automation and reduced analysis time, with expandability, and offers overwhelming basic performance in a compact housing.

The "PHI GENESIS" XPS provides high-speed, high-sensitivity, and overwhelming micro XPS analysis performance with automated multi-sample analysis with automatic sample exchange. A high-sensitivity analyzer with an improved counting rate also contributes to high performance. To date, ULVAC-PHI and Physical Electronics USA, a subsidiary of ULVAC-PHI, have developed various world-first XPS analysis technologies including scanning micro XPS and HAXPES (hard x-ray photoelectron spectroscopy), fully automated robotics XPS analysis, full-automatic insulator neutralization analysis, depth profiling of organic materials using cluster etching ion gun. All of these technologies are incorporated into a single instrument, making it possible to provide state-of-the-art XPS analysis technology for all kinds of materials, including metals, semiconductors, ceramics, and organic materials.

Another novel feature of PHI GENESIS is a new software package designed for ease of use and designed for all levels of users, from surface analysis beginners to well-trained scientists, from manufacturing to cutting-edge research and development. We have also prepared several options that allow customers to perform advanced analyses that previously required sophisticated analytical equipment such as a large synchrotron in a typical laboratory environment.

PHI GENESIS is fully compatible with the analysis of today's most advanced composite solid materials and composite solid devices and aims to dominate the global market as an indispensable analytical instrument for speeding up research and development.

About ULVAC-PHI, Incorporated

ULVAC-PHI, Incorporated was founded in 1982 and provides advanced surface analysis instruments to universities and leading-edge industries worldwide for research and development. The company provides comprehensive surface analysis technology-based solutions for materials and devices including metals, polymers, semiconductors, batteries, organic and inorganic devices and microelectronics. For more information, visit https://www.ulvac-phi.com/en/.

X-ray photoelectron spectroscopy (XPS)

XPS (X-ray Photoelectron Spectroscopy) is one of the most popular surface chemical analysis techniques that can provide chemical information on the top few atomic layers of a solid surface. XPS can provide qualitative and quantitative chemical information on solid surfaces by evaluating the energy and intensity of X-ray-induced electrons (photoelectrons). XPS is provided to universities and industrial research facilities as well as for quality control and quality assurance purposes, as it shows excellent features for the analysis of surface and interface phenomena such as coloration, adhesion, sliding, catalyst, thin-film interfaces and electrical contacts.

For inquiries regarding this matter, please contact
Product Strategy Department, ULVAC-PHI Corporation
TEL: +81-467-85-4220 (Sales)

Related website
https://www.ulvac-phi.com
https://www.surf-analysis.com

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Showa Denko Concludes MOU with SK Inc. to Give Consideration to a Plan to Cooperatively Produce High-Purity Gases for Semiconductors in North America

TOKYO, Jun 29, 2022 – (ACN Newswire) – On June 29, 2022, Showa Denko K.K. (SDK) (TOKYO: 4004) and SK Incorporated concluded a memorandum of understanding (MOU) to give consideration to a plan to start cooperative work to produce high-purity gases, which are used in semiconductor production processes, in North America.

While semiconductor markets in various countries continue growing and geopolitical risks are increasing, the US Government has embarked on strengthening domestic semiconductor industry and inviting supply chain of semiconductors into the country. As a result of this movement, large manufacturers of semiconductors are increasing their capital investment in the United States, and the demand for materials for semiconductors in the country is growing. Supply-demand balance of high-purity gases for wiring process (front-end of semiconductor production process) in the US has been tightening. Therefore, many semiconductor manufacturers in the US want to secure stable supply of high-purity gases for semiconductors. On the other hand, SDK's business segment to produce high purity gases for semiconductors has established and continues strengthening high-purity gas supply chain in which the Company producing high-purity gases and filling it into cylinders in its Asian facilities, and transporting those cylinders to the US. Therefore, there are some problems to be solved including increases in transportation costs and potential instability in supply of high-purity gases when there is congestion in global logistics network.

To cope with these problems, SDK and SK Materials, which is an in-house independent company of SK Incorporated and produces high-purity gases for semiconductors, will start to give consideration to a plan to cooperatively produce high-purity gases for semiconductors in North America. In the global market for high-purity gases for semiconductors, SDK has the top share of the etching gas*1 market, and SK Materials has the top share of the cleaning gas*2 market and deposition gas*3 market. Thus, the two leading companies in the high-purity gas industry are now aiming to expand their business in the US cooperatively.

In 2017, SDK and SK Materials established a joint corporation named SK Showa Denko, Co., Ltd. which produces and sells high-purity gases for semiconductors, and, in the Republic of Korea, they cooperatively produce CH3F, which is used mainly as etching gas for silicon nitride film. Now SK Showa Denko is constructing a new plant to produce HBr in the Republic of Korea, and the new plant is expected to be finished in July, 2022.

As a "Co-creative Chemical Company," the Sowa Denko Group has positioned its electronics business including the business to produce and sell high-purity gases for semiconductors as Core-growth Business, and has been focusing on this electronics business, aiming to contribute to sustainable development of the global society. The Showa Denko Group will continue making its electronics business grow by responding rapidly to the growth of semiconductor market and continuing supply of leading-edge products.

*1. Etching gas is used in etching process, which is a process to carve fine grooves and holes on the surface of wafers in order to make up electronic circuits, etc.
*2. Cleaning gas is used to clean up inside of semiconductor chip production equipment.
*3. Deposition gas forms silicon oxide film or silicon nitride film on the surface of wafers.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

Media contact:
Showa Denko K.K., Public Relations Group, Brand Communication Department, Tel: 81-3-5470-3235

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Argentine President Fernandez meet with Gotion High-tech chairman Li Zhen

HONG KONG, Jun 28, 2022 – (ACN Newswire) – On the afternoon of June 24, Argentine Time, Argentine President Alberto Fernandez met with Li Zhen, chairman of Gotion High-tech, and his delegation at the presidential residence in Olivos, he explicitly supported Chinese investment in Argentina, and praised Gotion High-tech's multiple industrial investments will promote the development of Argentina's new energy industry. The two sides also had friendly exchanges on the "Targets of Carbon Peak and Carbon Neutralization" strategy, the new energy vehicle industry, the Sustainable Transportation Act and the joint venture between Gotion High-tech and Corven, a well-known American auto parts manufacturer, to establish electric bus batteries and other topics.

Alberto Fernandez:
The friendship between China and Argentina goes back to ancient times. I attended the Beijing Winter Olympics this year and witnessed the unique Chinese winter Olympics moment. Not long ago, I also participated in the online communication of the BRICS Summit. China's "One Belt, One Road" strategy and "Targets of Carbon Peak and Carbon Neutralization" strategy have encouraged many Chinese enterprises to invest in Argentina, undertake photovoltaic power stations, hydropower DAMS and other new energy projects, and continue to promote them, it also brings opportunities for Argentina's development.

The world is already shifting to renewable energy. Argentina has made incentives for lithium, wind power, photovoltaic and other industries. The Development of Sustainable Transport Act, introduced last year, it aims to promote investment in electric vehicles, promote the electrification of transport and provide legal protection for investors in new energy.

We welcome Chinese investment in Argentina. Gotion High-tech's industrial investment activities in Argentina, cover the development, processing and battery products of lithium resources, which accelerates the development of local lithium resources and it will help the development and progress of Argentina's new energy industry.

Li Zhen:
Since the establishment of diplomatic ties between China and Argentina, leaders of the two countries have actively supported complementary advantages and economic cooperation between enterprises, especially the "Belt and Road" initiative. It provides strategic guidance, points out the direction and lays the foundation for inter-enterprise cooperation.

The third energy revolution with solar and wind power as the main body has come. To make full use of it, we must have energy storage technology. Gotion High-tech has been focusing on energy storage for 16 years. We plan to reach 300GWh battery production capacity in the world by 2025, which makes enterprises' demand for lithium resources more vigorous.

Argentina is the third-largest economy in Latin America, with a harmonious social system and orderly development of resources, it provides a good external environment for enterprises to invest in. We have partnered with Jujuy National Energy and Mining Company and we will work with Corven in Buenos Aires to develop downstream applications. In the next 100 years, new energy vehicles will certainly be a new engine for the world economy. Gotion is willing to work with visionary people in Argentina to jointly create a new era in the energy industry.

Daniel Scioli, Argentina's minister of Production and Development, Ariel Schale, The industry minister, and President Fernandez were accompanied by Cecilia Todesca, Minister of International Economic Relations, and Fernanda Avila, Minister of Mines, and communicated with the Gotion High-tech team on the development of the lithium industry.


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