SANTA CLARA, CA, Nov 14, 2023 – (ACN Newswire) – Graid Technology, the visionary creators behind the groundbreaking SupremeRAID™, and ThinkParQ, the developers of the innovative BeeGFS parallel file system, proudly announce their collaboration to elevate the performance and fortify the data protection landscape across multiple industries.
This strategic partnership joins Graid Technology’s pioneering SupremeRAID™, a GPU-accelerated data protection solution, with ThinkParQ’s BeeGFS parallel file system, recognized for its unparalleled performance, scalability, and simplicity in management. The union aims to address the increasing demands in High-Performance Computing (HPC), Artificial Intelligence (AI) and Deep Learning, Media and Entertainment, Life Sciences, and Oil and Gas industries.
The collaboration between SupremeRAID™ and BeeGFS represents a seismic shift in the realm of data storage, data management, and business resilience. It effectively sidesteps the performance limitations inherent in other RAID products, providing enhanced data protection, scalability, flexibility, and reduced total cost of ownership (TCO).
“By joining forces with ThinkParQ, we aim to redefine the benchmarks in high-performance computing, AI, and diverse industries reliant on data-intensive operations,” stated Leander Yu, President and CEO of Graid Technology. “The collaboration between SupremeRAID™ and BeeGFS creates an unparalleled synergy that not only enhances performance but also ensures comprehensive data protection, scalability, and flexibility.”
“We are delighted to partner with Graid Technology and are really excited for our partners and customers to experience how they can benefit from the collaboration between SupremeRAID™ and BeeGFS,” said Frank Herold, CEO, ThinkParQ GmbH. “The technical innovation between the two companies will further enhance and accelerate our customers’ experience.”
The strategic partnership between Graid Technology and ThinkParQ signifies a pivotal moment in the evolution of storage solutions, promising cutting-edge advancements to cater to the most demanding computational workloads across various industries.
ThinkParQ GmbH strives to create and develop the fastest, most flexible, and most stable solutions for every performance-oriented environment. Established in 2014 as a spinoff from the Fraunhofer Center for High-Performance Computing, ThinkParQ drives the research and development of BeeGFS, and works closely with system integrators to create turn-key solutions. Visit https://www.thinkparq.com for further information.
About Graid Technology and SupremeRAID™
Graid Technology, led by a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries, continues to push boundaries in data storage innovation. SupremeRAID™, hailed as the world’s only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance, eliminates traditional RAID bottlenecks, leveraging GPU acceleration to maximize enterprise SSD performance. The company’s headquarters in Silicon Valley, supported by an R&D center in Taiwan, symbolizes our global commitment to pioneering advancements in storage solutions. Visit our website or connect with us on Twitter or LinkedIn.
Contact Information Andrea Eaken Director of Marketing, Americas & EMEA | Graid Technology andrea.eaken@graidtech.com 949-742-9928
HONG KONG, Nov 10, 2023 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Optical Manufacturers Association (HKOMA), the 31st HKTDC Hong Kong International Optical Fair concluded successfully today. The three-day fair (8 to 10 November) proved popular, attracting more than 12,000 buyers from 92 countries and regions to source the latest eyewear products and designs.
The 31st HKTDC Hong Kong International Optical Fair featured 700 exhibitors from 11 countries and regions, attracting more than 12,000 buyers to visit in person.
Sophia Chong, Deputy Executive Director of the HKTDC, said: “This year’s Optical Fair is the first optical fair to be held physically since Hong Kong fully reopened. We are pleased to see vibrant trading on the fairground and to welcome buyers who have travelled from all over the world to Hong Kong for in-person sourcing. There has been a significant increase in attendance from ASEAN markets, including Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Buyer numbers from India, Macao and Mainland China also rose. This demonstrates Hong Kong’s enduring status as an international trade fair capital.”
The 21st Hong Kong International Optometric Symposium, organised by the HKTDC in collaboration with the Hong Kong Optometric Association and the Hong Kong Polytechnic University, was themed Empowering Community Eye Care through Artificial Intelligence and Telemedicine in Optometry. Dr Simon Tang (third from right), Director of Cluster Services of the Hospital Authority, delivered the opening remarks.
Smart and sustainable eyewear in focus
Technology is evolving rapidly, with R&D creating smart technologies that have permeated all aspects of daily life. Smart glasses have garnered increased attention and undergone active development in recent years as eyewear is an integral part of life as well as fashion. The Smart Eyewear zone debuted this year, spotlighting a diverse range of eyewear and products using innovative technologies. Hong Kong eyewear brand Solos Technology Limited, which specialises in smart-technology development, demonstrated AirGo™ 3 AI smart glasses that combine ChatGPT and wearable tech. The brand’s General Manager Kenny Cheung said the firm had been busy introducing smart eyewear technology to new buyers, most of whom came from Asia and Europe. “We have found optical manufacturers from Hong Kong and Mainland China.”
The Brand Name Gallery, a focal point of the Optical Fair, showcased 200 renowned international brands.
The optical industry has also embraced environmental protection, sustainable development and recycled material use. These factors represent long-term industry goals and serve as driving forces behind the optical industry’s development. Debut Hong Kong exhibitor Wingram Industrial Company Limited is dedicated to developing eco-friendly materials. It launched BioAcetate S70 – a biobased and biodegradable material used to produce sustainable eyewear products. The company’s Head of Operations May Ng said: “We have received positive feedback from eyewear manufacturers and brand owners coming from different places such as Hong Kong, India, Italy, Japan, Mainland China, Thailand and Mauritius. Five to six new buyers will place orders for our BioAcetate S70 material after the fair.”
The fair also showcased eyewear for children, accessories and optometric instruments. The atmosphere for on-site negotiations was exuberant. Vista Import from Brazil visited the fair for the seventh year. Company Director Roberto Basile Neto said he had identified a number of suppliers in Hong Kong and Mainland China through Click2Match – the AI-backed business-matching platform – and planned to buy 20,000 pairs of sports eyewear, 20,000 pairs of protective children’s sports eyewear and 10,000 pairs of children’s glasses, all from new suppliers. He also said Click2Match helped him record more supplier information so he could continue to negotiate with them after the fair.
Van Dut Le, Managing Director of An Khang Phuc Co., Ltd, an eyewear distributor from Vietnam, said: “We also contacted suppliers in Hong Kong and Korea through business matching service, and placed orders worth more than US$130,000 for lens edge grinding machines, and 20,000 pairs of contact lenses.”
Hong Kong International Optometric Symposium addresses industry concerns
During the fair, the 21st Hong Kong International Optometric Symposium was held, themed Empowering Community Eye Care through Artificial Intelligence and Telemedicine in Optometry. Industry representatives from around the world discussed topics such as the application of AI in optometry and impact of telemedicine in healthcare.
Media enquiries Please contact the HKTDC’s Communication and Public Affairs Department: Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org Phyllis Tsang, Tel: (852) 2584 4288, Email: phyllis.km.tsang@hktdc.org
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HONG KONG, Nov 8, 2023 – (ACN Newswire) – Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Optical Manufacturers Association (HKOMA), the 31st edition of the HKTDC Hong Kong International Optical Fair returns, bringing together 700 exhibitors from 11 countries and regions. The physical exhibition will run at the Hong Kong Convention and Exhibition Centre (HKCEC) for three days from today (8 to 10 November). Under the EXHIBITION+ integrated mode, the online exhibition will continue until 17 November, providing a global business platform for the optical industry.
The 31st edition of the HKTDC Hong Kong International Optical Fair opened today. 700 exhibitors from 11 countries and regions display the latest trendy designs and comprehensive eyewear products.
HKTDC Deputy Executive Director Sophia Chong said: “The total export value of Hong Kong’s spectacles, lenses and spectacle frames was valued at HK$19.1 billion (US$2.44 billion) in 2022 and Hong Kong is a major production and export location for the global eyewear industry. The total export value in the first nine months of this year exceeded HK$14.8 billion (US$1.9 billion), representing a 3% increase compared with the same period last year.”
HKTDC Deputy Executive Director Sophia Chong said: “The Hong Kong International Optical Fair has always been committed to providing a multi-faceted, one-stop sourcing platform for exhibitors and buyers and the HKTDC expected the industry to create business opportunities through both the physical exhibition and online platform.”
She noted that “E-commerce became the focus of attention during the COVID outbreak. Optical chain stores, brands and designers have turned their attention to e-commerce and social media marketing to develop local and overseas markets.” The online-to-offline (O2O) marketing model continued to flourish even after the outbreak subsided. The Hong Kong International Optical Fair has always been committed to providing a multi-faceted, one-stop sourcing platform for exhibitors and buyers and the HKTDC expected the industry to create business opportunities through both the physical exhibition and online platform.
The Brand Name Gallery brings together more than 200 internationally renowned brands, including Anna Sui, which showcases its sunglasses series.
Smart eyewear zone debuts to display new technology
This year’s Optical Fair features a number of regional pavilions, including Mainland China, Taiwan, Italy, Japan and Korea, as well as the Visionaries of Style and HKOMA Pavilion; along with pavilions from cities in Mainland China, including Yingtan (Jiangxi), Danyang (Jiangsu), Shenzhen (Guangdong) and Chongqing. Smart technology applications are impacting all industries and the eyewear industry is no exception. The Smart Eyewear zone debuts to focus on new eyewear-related technologies and services. Hong Kong exhibitor Solos Technology Limited (Booth: GH-B38) demonstrates AirGo™ 3 smart eyewear that combines ChatGPT and wearable technology. In the Frames, Lenses and Parts zone, exhibitor South China Optical Industries Co. (Booth: 1E-A08) brings spectacle frames made of highly elastic memory metal. Other thematic zones will feature Sports and Professional Eyewear, Shop Fittings and Equipment, Contact Lenses, Diagnostic Instruments, Eyewear Accessories, Optometric Instruments, Designer Café and more.
Showcase for internationally renowned brands
The Brand Name Gallery, the focal point of the fair, features 200 world-renowned brands this year, including Mainland China’s A.Society, Hong Kong’s Absolute Vintage Eyewear, bTd, Taiwan’s CLASSICO, PARIM, agnès b and MINIMA from France; Anna Sui, Jill Stuart, New Balance and VOY from the United States; Ted Baker and Vivienne Westwood from the United Kingdom, Germany’s STEPPER, Japan’s Masaki Matsushima, Matsuda, MIZ Gold and TiDOU, Korea’s GENSDUMONDE, PLUME PEOPLE LUV ME, , and more.
Featured eyewear includes:
– Four new eyewear models from Italian eyewear brand SPECTAFUL, which combine the brand’s iconic angular design with vibrant colours (Booth: GH-C32)
– Italian eyewear brand GIANNINI launches stylish sunglasses with a unique frame design that increases the brightness and two-colour effect of the glasses (Booth: GH-C33)
– Korean Pavilion exhibitors brought the brand Rayfog’s semi-permanent high-strength anti-fog coating optical lenses (Booth: 1C-F15)
– Mainland China brand A. Society launched unisex sunglasses with local artist Lousy (Booth: GH-A08)
– Local eyewear brand BIG HORN won the 2023 London Design Awards for its sunglass series (Booth: 1D-G02)
The fair will feature several Brand Name Gallery eyewear parades where professional models present eyewear collections from trendsetting brands. Finalists and winners in the 23rd Hong Kong Eyewear Design Competition will be displayed in Hall 1D, giving a glimpse of the creativity and style of Hong Kong’s new eyewear designers. The Award Presentation Ceremony will be held today (8 November) in the afternoon, when competition results will be announced and prizes awarded.
Global industry representatives attend Optometric Symposium
The 21st Hong Kong International Optometric Symposium will be held tomorrow (9 November), themed Empowering Community Eye Care through Artificial Intelligence and Telemedicine in Optometry. Dr Simon Tang, Director of Cluster Services of the Hospital Authority, will deliver the opening speech. Industry experts from around the world, including Dr Kate Taylor from Australia, Prof Mingguang He and Prof Benny Zee from Hong Kong, Elvis Wang from Mainland China, Dr Priya Morjaria from the United Kingdom and Dr Patrick D Yoshinaga from the United States, will discuss Artificial Intelligence (AI) and teletherapy and how these can be applied to community eye care. The symposium is a pre-approved CPD Programme recognised by the Optometrists Board, Hong Kong. Attendees will be given Certificate of Attendance for a maximum 6 CPD hours.
Other sessions include the seminar Market Talk: Road Ahead for Eyewear Industry, where industry experts will forecast fashion trends and discuss sustainability elements in the United States eyewear sector. Speakers will also explore the latest market prospects and potential of smart glasses and other issues. At the seminar Revolutionising Eyewear Design: Exploring 3D Technologies, Innovations and Material Trends, industry experts will give a detailed breakdown of the latest trends in eyewear 3D printing technology, innovative design concepts and materials.
Latest Development of Standardization for Optometry in Mainland China will be held the day after tomorrow (10 November). Experts will explain the latest technical specifications and testing guidelines for myopia prevention and control glasses, lenses, smart glasses and other optometry products for teenagers in Mainland China, allowing industry insiders to grasp developments in the optometry product market.
Media enquiries Please contact the HKTDC’s Communication and Public Affairs Department: Frankie Leung, Tel: (852) 2584 4298, Email: frankie.cy.leung@hktdc.org Phyllis Tsang, Tel: (852) 2584 4288, Email: phyllis.km.tsang@hktdc.org
About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HONG KONG, Nov 3, 2023 – (ACN Newswire) – The 31st Hong Kong Optical Fair, organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong Optical Manufacturers Association (HKOMA), will return to the Hong Kong Convention and Exhibition Centre (HKCEC) as a physical exhibition for the first time since 2019. The physical event will run from 8 to 10 November under the EXHIBITION+ integrated physical-online mode, when about 700 exhibitors from 11 countries and regions will present the latest eyewear designs and products.
Regional pavilions will include Mainland China, Taiwan, Italy, Japan and Korea, and two special sections – Visionaries of Style and the HKOMA pavilion. The fair also has multiple themed exhibition areas to facilitate buyers’ purchasing.
Showcasing the latest technological innovations in optical wear, this year’s Optical Fair will feature a Smart Eyewear zone. Hong Kong exhibitor Solos Technology Limited will display smart glasses that combine ChatGPT and wearable technology AirGo™3. Hong Kong firm 3DNA Technology Limited uses software with 360-degree facial scanning technology to help customers tailor-make suitable glasses. Other themed zones will present professional eyewear, eyewear accessories, frames, lenses, contact lenses, diagnostic instruments, optical instruments and more.
The Brand Name Gallery, a focal point of the fair, features about 200 brands from around the world, including Hong Kong s A.Society, Absolute Vintage Eyewear, bTd, Taiwan’s CLASSICO, PARIM, reputable international brands such as agnès b and MINIMA from France; Anna Sui, Jill Stuart, New Balance, and VOY from the United States; Ted Baker and Vivienne Westwood from the United Kingdom; STEPPER from Germany; Japan’s Masaki Matsushima, Matsuda, MIZ Gold, TiDOU, and Korea’s GENSDUMONDE, PEOPLE LUV ME and PLUME. The fair will also feature eyewear shows, where professional models will showcase fashion eyewear trends from various places.
HKTDC Deputy Executive Director Sophia Chong, said: “The Hong Kong Optical Fair is back at the HKCEC. We are very pleased to welcome many new international brands from all over the world this year, including the fashion capitals of France, the United Kingdom, the United States and Italy, as well as Asian trendsetters from such places as Japan, Korea and Taiwan. The fair has incorporated many international elements while keeping up with the world’s trends, demonstrating the reputation of Hong Kong as the capital of international exhibitions.”
The Optical Fair brings together the latest products from well-known exhibitors and new technologies related to eyewear. There is also a series of product promotions, conferences, seminars where visitors can find out about the latest developments in the optical industry. An award presentation ceremony for the Eyewear Design Competition will also be held during the fair. A media guided tour will be held on the first day of the fair to give the media a first-hand look at the highlights of selected exhibitors’ products and services.
We cordially invite you or your representative to cover the fair, media tour and kick-off session of the 21st Hong Kong International Optometric Symposium and related events. Details of key events are as follows:
Fair Details (Physical) Date: 8 to 10 November (Wednesday to Friday) Time: (8 to 9 November) 9:30am – 6:30pm (10 November) 9:30am – 5pm Venue: Hong Kong Convention and Exhibition Centre Admission: For trade visitors aged 18 or above only. Onsite Registration Fee: HK$100 per person (Free for e-Badge registration and pre-registered buyers)
Click2Match (Smart business-matching platform) Date: 1 to 17 November
Media Tour Date: 8 November 2023 (Wednesday) Time: 2pm – 3pm Venue: Meet at 1:45pm at HKTDC SME Centre, G/F, Expo Drive Entrance, HKCEC Host: May Wong, Section Head, Business Development, HKTDC
Note: Press members can register to access the event at the Press Registration Counter (Hall 1D Concourse, HKCEC) by presenting a business card or media identification.
[Highlighted events]
8 November (Wednesday)
Award Presentation Ceremony for the 23rd Hong Kong Eyewear Design Competition: Organised by the HKTDC and the HKOMA, and co-organised by the Hong Kong Polytechnic University and the Hong Kong Institute of Vocational Education, the event aims to encourage and enhance the design standard of Hong Kong’s eyewear manufacturing industry and promote creativity in product design and style, so as to strengthen the interest of the younger generation in eyewear design.
Networking Reception: The reception promotes business discussions among industry insiders, with Dr Lo Kam-wing, Council Member of the HKTDC, serving as the officiating guest.
9 November (Thursday)
The 21st Hong Kong International Optometric Symposium: Jointly organised by the HKTDC, the Hong Kong Optometric Association and the Hong Kong Polytechnic University under the theme Empowering Community Eye Care through Artificial Intelligence and Telemedicine in Optometry, the symposium will see Dr Simon Tang, Director of Cluster Services of the Hospital Authority, will deliver the opening speech. A number of industry experts from around the world will explore the application of AI in optometry, the impact of telemedicine on healthcare and how it can be effectively applied to community eye care.
Seminar: Market Talk – Road Ahead for Eyewear Industry: Industry experts will discuss the latest fashion trends forecast and sustainability elements in the United States eyewear sector. Speakers will also explore the digitalisation of supply chain in the industry and its impact on manufacturing and retail, as well as the latest market outlook and potential of smart eyewear.
Seminar: Latest Developments in Standardisation for Optometry in Mainland China: Experts will explain the latest technical specifications and testing guidelines for myopia prevention and control glasses, lenses, smart glasses and other optometry products for teenagers in Mainland China, allowing industry insiders to grasp the latest developments in the mainland’s optometry product market.
[Featured Exhibitors]
The Optical Fair will showcase a variety of eyewear with innovative technologies as well as new products and services. Some of the featured exhibitors include:
360-degree scanning of the face for a personalised and fully customizable glasses experience
Local company 3DNA Eyewear will showcase its self-developed interactive eyewear customisation platform that can offer innovative and engaging eyewear retail experience. The kiosk format for retailers features backlit shelving, pull out frame drawers, 200 pieces of swatch display, adjustable 3D scanner mirror, and three high-definition monitors.
The machine will scan and measure customer facial features through computer software, then display a 3D avatar on the screen. Customers can tailor-make their own glasses with their personal style from a selection of more than 2,000 designs, with choices ranging from materials, patterns and colours to bespoke features such as narrow frames and printed names. The simulated design will be displayed on the monitor immediately.
Global retailers and suppliers are connected through the 3DNA open platform. then the final order will be sent directly to the production factories in mainland China, the United States, or the United Kingdom.
3DNA Technology Limited – Booth: 1CON-046
ChatGPT Smart Eyewear
First-time Hong Kong exhibitor Solos Technology Limited will feature the latest collection AirGo™ 3, smart glasses which combine ChatGPT with wearable tech.
Users can press and hold an action button on the smart glasses’ temple to ask ChatGPT a question. They will see the reply through the lenses and also hear the answer. SolosTranslate is another ChatGPT-supported service, a live language translation with the power of voice. The nine supported languages include Cantonese, French, Japanese, Korean, Mandarin and Spanish. AirGo™ 3 was officially released in SILMO in September this year with more than 100 patents.
Solos Technology Limited – Booth: GH-B38
More innovative and environmental eyewear can be found in the below selected exhibitors list: https://bit.ly/3QeVuge
SINGAPORE, Nov 1, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (NASDAQ: JCSE) (“JE Cleantech” or the “Company”), a Singapore-headquartered cleantech company, announced today that it has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with the minimum bid price requirement under the Nasdaq Listing Rule 5550 (a)(2) for continued listing on The Nasdaq Capital market. The Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum closing bid price of $1.00 per share for at least 10 consecutive business days.
To regain compliance, the Company initiated a 1-for-3 Share Consolidation so that each outstanding ordinary share became 1 share (“Reverse Stock Split”), and the total number of authorized Ordinary Shares was reduced from 15,020,000 to 5,006,666 and the par value per share increased from $0.001 to S$0.003.
Following the Reverse Stock Split, the daily closing bid price of the Company’s ordinary shares remained above $1.00 per share for ten consecutive business days from October 16, 2023 to October 27, 2023. Consequently, the Company is now in compliance with all applicable Nasdaq listing standards and the prior bid price deficiency matter is now closed.
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 press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future effective date and intended effects of the reverse stock split, including whether the reverse stock split will increase the price, marketability, liquidity, and investor appeal of the Company’s Ordinary Shares and the Company’s ability to maintain the listing of its Ordinary Shares on Nasdaq. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “aim,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or “continue” or similar expressions.
Forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on JCSE’s management’s current expectations and beliefs, as well as assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and JCSE is not under any obligation and expressly disclaims any obligation to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Readers should carefully review the statements set forth in the reports which JCSE has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”).The documents filed by JCSE with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.
Contact: Jason Long Email: enquiry@jecleantech.sg Tel: +65 63684198 Other number: +65 66029468
HONG KONG, Oct 30, 2023 – (ACN Newswire) – The 25th Hong Kong International Lighting Fair (Autumn Edition), the 8th Hong Kong International Outdoor and Tech Light Expo, and the 18th Eco Expo Asia, organised by the Hong Kong Trade Development Council (HKTDC), concluded their physical events on a high note. The three exhibitions attracted some 62,000 buyers from 145 countries and regions.
The 25th Hong Kong International Lighting Fair (Autumn Edition), the 8th Hong Kong International Outdoor and Tech Light Expo, and the 18th Eco Expo Asia successfully concluded their physical exhibitions. The three events collectively attracted some 62,000 buyers from 145 countries and regions.
Sophia Chong, Deputy Executive Director of the HKTDC, said the fairs had created a cross-industry sourcing platform for global buyers, successfully leveraging synergy and attracting some 62,000 buyers collectively. The number of buyers from key markets grew strongly, including those from ASEAN countries such as Indonesia, Malaysia, Philippines, Singapore and Thailand, as well as United Arab Emirates (UAE), Korea, India and Mainland China. Eco Expo Asia also drew many new buyer groups, including those from Malaysia, Thailand and Macao, reflecting the passing of the pandemic and that global buyers continued to view Hong Kong as an important trading and sourcing platform. Ms Chong was confident that the HKTDC would continue to promote local and international trade development, bringing more business opportunities and cooperation to the industry.
The Lighting Fair’s Hall of Aurora brought together innovative lighting fixtures and technologies from various well-known brands.
Survey reflects optimism on sales
An independent survey institute interviewed nearly 770 exhibitors and buyers at the Autumn Lighting Fair and Outdoor and Tech Light Expo. The industry held an optimistic outlook, with more than 67% respondents expecting overall sales to continue growing in the next two years, with 32% expecting sales to remain unchanged and just 1% anticipating a potential decline. For traditional markets, respondents were mainly optimistic about Australia and the Pacific Islands (67%) and Taiwan (63%). Among emerging markets, the industry was primarily positive on Latin America (71%), Central & Eastern Europe (excl. Russia) (68%), the Middle East (66%) and ASEAN countries (65%).
This year’s Eco Expo Asia attracted over 300 exhibitors, jointly exploring the latest green opportunities, with one of the highlights being the Green Transportation zone.
Smart cities and smart homes were among the technological development trends under the spotlight. As Internet of Things (IoT) applications grow in popularity, most respondents (74%) believed the smart-lighting market had great potential in the next two years. Areas with the most potential included home automation and smart-lighting control systems (47%), followed by wireless lighting control systems (33%), energy-saving lighting control solutions (30%) and outdoor smart security lighting systems (26%).
New Connected Lighting Zone draws interest
The Hong Kong International Lighting Fair (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo, themed Light Up Every Opportunity, featured a wide range of high-quality lighting products such as those with innovative designs, sustainable development and smart elements. The Connected Lighting Zone debuted at this year’s Lighting Fair showcasing more than 20 renowned companies and brands. The business atmosphere at both lighting fairs was enthusiastic and lively. Long-standing Hong Kong exhibitor Extra Lighting Manufacturing Ltd. showcased top-quality commercial and residential lighting products at the Autumn Lighting Fair. Lisa Tang, Director, said: “We have been participating in this fair for more than 20 years. About 15% of our customers have been acquired through this fair. At this year’s fair, we have connected with new buyers from Europe, the Middle East, North America and Southeast Asia. We expect the fair will generate US$3 million in sales turnover for our company.”
Irving Pun, Marketing Director of Hong Kong Kinlights Technology Co., was at Outdoor and Tech Light Expo and said: “We found seven to eight serious buyers from Spain, Poland, South Africa, India, Thailand, Malaysia and Indonesia on the first day of exhibition. They are looking to purchase different lighting items including street lights, high bay lights and sport lights. We will receive orders worth US$500,000 to US$1 million.”
A buyer from Saudi Arabia, Abdelhamid Hussein, Electrical Mabani Company Lighting Sales Manager and Consultant, said the two lighting fairs featured a good mix of innovative lighting products. “We’ve already placed a US$700,000 order with a Shanghai exhibitor of Outdoor and Tech Light Expo for landscape lighting and solar poles for stadiums and sports halls. Talks are underway with a Zhongshan exhibitor for a smart lighting control solution. The potential order is valued at US$300,000. We are also visiting the Autumn Lighting Fair to source other products. We will place orders as much as US$2 million to US$3 million at the two fairs this year.”
Seminars and forums at the fairs, included the Connected Lighting Forum and A Greener Future in Hong Kong: Sustainable Lighting Design and Energy Solutions seminar where experts shared the latest information and trends on smart and sustainable lighting.
Eco Expo Asia: Driving energy efficiency and waste reduction
This year’s Eco Expo Asia, themed Taking the Leap towards Carbon Neutrality, resonated with the recent Policy Address by Chief Executive John Lee, in which he emphasised measures to promote the new energy transport industry and sustainable development. The Green Transportation zone showcased a variety of new energy vehicles and related equipment, including hydrogen-powered container trucks and garbage trucks exhibited by Wisdom Motors (HK) Limited. Huawei International Co. Limited also introduced the latest models of charging piles at the expo, enabling electric vehicles to fully charge within just 10 minutes, thereby enhancing the convenience of electric vehicle usage, and promoting the development of new energy transportation.
To help Hong Kong’s catering industry prepare for the ban on disposable plastic utensils next year, the Environmental Protection Department of the HKSAR government led 28 registered suppliers from the Green Tableware Platform to participate in the expo. The Japan Pavilion showcased eco-friendly utensils and introduced cutting-edge fabric degradation into soil technology, while the Canada Pavilion presented green building technologies and biological wastewater purification and odour removal techniques.
One event highlight was the Eco Asia Conference, which brought together officials and experts from Mainland China and Belt and Road regions to discuss green futures. The conference also hosted the Building a Zero Waste Bay Area Launch Ceremony. The Eco Expo Asia this year attracted about 170 environmental officials from mainland provinces, municipalities and Belt and Road regions, highlighting the significance of the expo in promoting government-to-government (G2G) and government-to-business (G2B) collaborations. The newly added ESG Job Hub also helped to recruit fresh talent for the industry, attracting on-site applications from aspiring individuals.
Hong Kong exhibitor Lexie Lin, Investment Director of Wisdom Motor, said: “We have received enquiries from buyers from Denmark, Belgium, and Germany, and other European countries, as well as from the United States and Canada. Two clients from Australia also expressed great interest. In addition, we have engaged with buyers from Hong Kong, including the mass transport system and community infrastructure companies.
“The HKTDC has facilitated our online business matching meetings through the Click2Match platform. We have secured customers from Australia, France and Germany, with orders for over 100 vehicles.”
A buyer from Myanmar, Ben Ja Min, Representative from BJM Paper Recycling Co., Ltd, said: “BJM Paper Recycling Co., Ltd. specialises in paper and plastic recycling business in Myanmar. We are looking for the latest wastewater recycling solution. Through the HKTDC’s business matching meetings, we identified the Vibratory Membrane Advanced Treatment from a Hong Kong Exhibitor that harnesses membrane separation technology for applications involving a variety of industrial waste liquids, such as oil, water and chemical wastes. We will likely spend US$800,000 on this treatment installation in a new factory.”
According to the latest survey led by the HKTDC, respondents from Mainland China and overseas considered Hong Kong to be a sustainable business hub offering services useful for companies’ ESG strategies, giving Hong Kong an overall rating of 7.0 or more out of 10. Hong Kong was seen as possessing a number of desirable attributes, including product availability and diversity (such as eco‑design and net‑zero solutions), the supply of ESG expertise and talent in many fields (such as green finance, carbon trading and ESG investment expertise and talents), and ESG investing. (For detailed survey findings, please refer to https://research.hktdc.com/en/article/MTUxMzgzNDAwMw)
Igniting cross-industry business opportunities through three fairs
Organised by the HKTDC, the Hong Kong International Lighting Fair (Autumn Edition) and the Hong Kong International Outdoor and Tech Light Expo formed a world-renowned lighting marketplace, attracting more than 3,000 exhibitors collectively and some 38,000 and some 12,000 buyers respectively. Eco Expo Asia, co-organised by the HKTDC and Messe Frankfurt (HK) Ltd., drew over 300 exhibitors and some 12,000 buyers.
Under the EXHIBITION+ hybrid mode, exhibitors and buyers can engage in online business negotiations and matching through the Click2Match smart business matching platform until 6 November.
Media enquiries HKTDC’s Communications and Public Affairs Department: HKTDC Hong Kong International Lighting Fair (Autumn Edition) and HKTDC Hong Kong International Outdoor and Tech Light Expo Snowy Chan, Tel: (852) 2584 4525, Email: snowy.sn.chan@hktdc.org
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HONG KONG, Oct 30, 2023 – (ACN Newswire) – On the morning of October 18, Apple CEO Tim Cook visited the Apple Watch factory of Luxshare Precision in Jiashan, Zhejiang, accompanied by Grace WANG, Chairman of Luxshare Precision.
As early as July 2020, Apple committed to achieving 100% carbon neutrality for its products and supply chain by 2030. With the launch of Apple’s first carbon-neutral Apple Watch lineup this season, significant progress has been made towards the company’s climate goal. It is said that at least a 75% reduction in product emissions for each carbon-neutral Apple Watch model has been achieved, resulting from 100% clean electricity for manufacturing and product use, 30% recycled or renewable material by weight, and 50% of shipping without the use of air transportation.
As of April 5, 2023, 68 suppliers of Apple in China committed to 100% renewable electricity for all of their Apple production by 2030, including Luxshare Precision. Luxshare Precision’s Chairman Grace WANG also expressed the commitment in a recent media interview, “Green and low-carbon initiatives, along with sustainable development, are crucial issues in Luxshare Precision’s high-quality development process. Luxshare Precision has made a lot of efforts to balance the relationship between green practices and efficiency. Green transformation is a necessary path and, in the long run, can bring positive economic and social benefits to the company.”
According to data, Luxshare Precision has disclosed social responsibility reports/sustainability reports for nine consecutive years since 2014. Through active ESG practices, Luxshare Precision has contributed to the sustainable development of the industry and society as a whole.
Great importance attached to addressing climate change and increasing the proportion of clean energy use
According to the company’s sustainability report, Luxshare Precision references the internationally recognized TCFD (Task Force on Climate-related Financial Disclosures) framework and has established a carbon neutrality working group responsible for climate change affairs. The company also plans to achieve carbon reduction targets in line with the SBTi (Science-Based Targets initiative) 1.5°C pathway by 2030, clean energy transformation by 2050, and a 50% proportion of clean energy use by 2025.
To provide customers with more efficient and energy-saving product solutions, Luxshare Precision invested RMB75.3 million in energy conservation and carbon reduction throughout the year 2022. Additionally, the company invested RMB260 million in clean technology R&D and plans to invest more than RMB300 million in 2023.
Chairman Grace WANG stated that Luxshare Precision has actively promoted energy efficiency upgrades and structural transformation in recent years. On the one hand, the company has vigorously introduced new technologies and smart energy management platforms to optimize the energy efficiency of various facilities and equipment, reduce energy consumption, and achieve energy conservation and carbon reduction. On the other hand, Luxshare has taken the lead in implementing rooftop photovoltaic projects in major production bases such as Kunshan. Furthermore, the company has explored the possibilities of using other types of renewable and clean energy through initiatives such as direct purchase of green electricity, green energy investments, and procurement of products with green certificates.
Employee safety first to ensure a responsible supply chain management system
As a leading company in the industry, Luxshare values the occupational health and safety (EHS) of its employees. The company has carried out various occupational health and safety training to enhance the overall safety awareness of all employees. In terms of work-related injury management, Luxshare has formulated a series of policies and procedures and actively carried out the formulation and drills. The company has set up a 24-hour clinic in each production base to ensure that the employees in need can receive timely help.
Luxshare follows the OECD (Organization for Economic Cooperation and Development) framework in its supply chain management. The company annually conducts due diligence on conflict minerals for its suppliers to ensure that the metals used in the products supplied to Luxshare Precision do not originate from conflict minerals. Luxshare is committed to building a green supply chain and released its first Green Supply Chain Project Periodic Report in August 2022. The company collaborated with IPE (the Institute of Public and Environmental Affairs) to provide regular special training for subsidiaries and suppliers, answering questions on a one-to-one basis to build a responsible supply chain management system.
Responsible governance to promote sustainable development Luxshare Precision has implemented a three-level sustainability governance structure featuring “decision-making – planning – execution”, which consists of the Board of Directors, the Sustainable Development Center and the Sustainability Implementation Team. The Board of Directors shall review the company’s reports on sustainable development strategies, implementation plans, objectives and performance through regular and ad hoc meetings.
As a publicly listed company, Luxshare places great importance on communication with global investors via actively responding to their concerns. The company is dedicated to enhancing investors’ understanding of its business, strategies and planning, and industry development trends and protecting the interests of minority investors.
Sustainable development has run through Luxshare’s strategy and business, and remarkable results have been achieved. Earlier this year, Luxshare Precision was successfully included in the Forbes China 2022 Top 50 Sustainable Development Industrial Enterprises, showing its outstanding performance in green manufacturing and carbon neutrality.
Luxshare achieved fruitful accomplishments in ESG in 2022, including being awarded the 2022 Bloomberg Green ESG Pioneers – Enterprises, a BB rating in the widely recognized MSCI ESG rating evaluation, a B rating from CDP (Carbon Disclosure Project) for both the climate change questionnaire and the water security questionnaire, and the Bronze Certification by world’s largest CSR (Corporate Social Responsibility) rating provider EcoVadis,
Chairman Grace WANG remarked that: “Luxshare has made it very clear that we must grow together with the most top-notch enterprises to grasp the cutting-edge technology and development trends since entering the electronics industry.” Over the past few years, Luxshare has kept practicing the concept of sustainable development and has achieved significant results in ESG. It is believed that Luxshare will continue to play a valuable role in social responsibilities to promote its development in the capital market positively.
HONG KONG, Oct 29, 2023 – (ACN Newswire) – The 25th Hong Kong International Lighting Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), runs until tomorrow (30 October) at the Hong Kong Convention and Exhibition Centre. Rapid technological advancements have made smart lighting easily accessible, including artificial intelligence-powered sensing systems, creating immense opportunities. Recognising this, the exhibition hosted two Connected Lighting Forums, themed Unlocking New Realms in Connected Lighting (27 October) and Smart Lighting for Healthy Living (28 October). Several lighting brand representatives and industry leaders discussed technological developments, the newest opportunities in lighting, human-centric healthy lighting and its sustainable development.
The HKTDC featured two Connected Lighting Forums on 27 and 28 October during the fair.
Cross-platform smart home connectivity protocol revolutionises smart lighting
The forum held on 27 Oct invited such authorities as Mona Xiong, Board Member & Marketing Committee Member, Connectivity Standards Alliance; Head of Ecosystem Partnership, Tuya Smart, and Finn Chen, Vice Team Leader, Connectivity Standards Alliance Member Group China (CMGC); CEO, Longan Link Tech Co., LTD. to discuss smart home trends and innovations.
On the first day of the exhibition, a forum titled Towards Sustainability for Luminaires was held. Four guests were invited to share insights on the sustainable development of lighting
Ms Xiong introduced the Connectivity Standards Alliance’s cross-platform smart home device standard and connectivity protocol Matter. The standard brought a new landscape to the smart home and lighting industry as it supported the operation of smart home devices on Wi-Fi, Thread, and Ethernet networks and was compatible with existing products and ecosystems. Matter had received support throughout the value chain, from chip vendors to service providers, providing interoperable devices and platforms for various suppliers. Before the Matter rollout users would typically need to download different applications to control various devices but the new standard had brought innovative changes and completely solved this problem. With “Matter”, users may control their home using a single or multiple applications of their own choice. Matter-based smart lighting and smart home development was a prevailing trend.
Matter had benefited from the contributions of more than 300 member companies, who had shared their mature technologies, best practices, business models and ongoing support. Matter has collaborated with multinational companies such as Google, Amazon, Apple, LG, Samsung, and Tuya Smart. And since October last year Matter had recorded over 23,660 downloads and certified more than 1,850 products or software components, reflecting the rapid development of interconnected smart technology and demonstrating unlimited business opportunities.
During the forum Finn Chen also pointed out that Matter ensured interoperability across major ecosystems in the global market, benefiting both users and retailers. The standard had a unified data model and shared user interface. Matter also permitted external control without relying on the cloud or accounts. He emphasised that Matter let people finally “truly own their own smart homes”. Matter was applied mainly in smart home development, he said, hoping that its potential would not be confined to smart home lighting. He envisioned Matter being widely used in different locations and outdoor settings as well.
Potential and opportunities from integrating smart lighting with artificial intelligence
The forum held on 28 Oct delved into environmental lighting and AIoT (Artificial Intelligence of Things) innovations, while exploring the potential of DALI (Digital Addressable Lighting Interface) in the IoT era and application of SILA-PLC (Shanghai Pudong Intelligent Lighting Association-Power Line Communication) smart lighting to illuminate a healthier future.
Dr Qiao Yuan, Director, SILA Intelligent Lighting Designer Committee; Vice President, Fudan Planning and Architectural Design Institute, said the design and development of intelligent and smart lighting were becoming increasingly diverse and inspiring. The field embodied the trend of balancing aesthetics and sustainable development, linked by artificial intelligence and aligned with smart city development. The field presented numerous opportunities and the lighting industry needed to keep up with increasingly diverse smart technology developments. Giving one example, he said that should vehicle driving technology become completely autonomous, road lighting technology would undergo ground-breaking changes. He also believed the advancement of artificial intelligence and LED technology would bring about significant changes as the two technologies complemented each other, leading to endless opportunities and driving forces.
Dr Feng Huang, Chair, DALI Alliance China Focus Group; Chief Expert, Standard and Regulation, Signify (China), said application of DALI wired intelligent lighting control system was simple and stable. However, as it evolved, DALI technology that was initially developed only for dimming had expanded to incorporate new technologies equipped with rich IoT (Intelligence of Things) data. DALI would also advance to different technical levels, including connecting with the IoT connectivity protocol of Matter, enabling seamless connectivity between different devices. DALI would also combine with Thread to achieve more efficient, flexible and intelligent lighting control.
Angelica Hsu, Deputy Secretary, SILA; CEO, Liteputer Technology, also said SILA-PLC technology represented a leap forward in the industry and smart lighting would expand its connections and integration between wired and wireless. Zhijun Li, Chairman, Shanghai Pudong Intelligent Lighting Association, predicted that integrating lighting and health lighting with artificial intelligence presented boundless potential. He hoped the perceptual capabilities in lighting systems and vertical applications of AIGC (Artificial Intelligence Generated Content) could be fully implemented. He emphasised the importance of understanding big data analysis in the lighting industry and pushing applications to new horizons.
Lighting industry moves towards sustainable development to illuminate a green future
At the forum Towards Sustainability for Luminaires (27 Oct), four guests shared insights on sustainable development of lighting. Jean-Marie Croué, Délégué Général of Syndicat du Luminaire-GIL, explained the concepts and applications of life cycle assessment (LCA), environmental product declarations (EPD), and the repairability index. Frankie Tsang and Eric Shiu, Associate Directors, TinoKwan Lighting Consultants Ltd, gave perspectives on balancing aesthetics and sustainability in lighting design and showed how aesthetics and environmental considerations could go hand in hand in lighting design. Franklin Yu, Director, Hong Kong Green Building Council; Founder & Director, Singular Studio Limited, discussed key points in lighting design for green cities, emphasising the need for balanced considerations of economics, environment and socio-cultural aspects in every lighting design to achieve genuine sustainability.
The Autumn Lighting Fair debuted the Connected Lighting Zone this year, highlighting smart and IoT-enabled lighting solutions from more than 20 renowned international companies and brands, including Leedarson, Midea, Snappy, Quectel, as well as members of DALI Alliance and Shanghai Pudong Intelligent Lighting Association
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HONG KONG, Oct 27, 2023 – (ACN Newswire) – The 25th Hong Kong International Lighting Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), opened today and runs until 30 October at the Hong Kong Convention and Exhibition Centre, featuring more than 2,600 exhibitors. The eighth Hong Kong International Outdoor and Tech Light Expo runs in parallel from yesterday to 29 October (Sunday) at AsiaWorld-Expo, with 380 exhibitors. Industry professionals and buyers are welcome to visit and source at both events.
The 25th Hong Kong International Lighting Fair (Autumn Edition) and the eighth Hong Kong International Outdoor and Tech Light Expo are open. The two lighting fairs have brought together more than 3,000 exhibitors from 37 countries and regions.
Sophia Chong, Deputy Executive Director of the HKTDC, said: “These two lighting fairs have brought together over 3,000 exhibitors from 37 countries and regions. In addition to local exhibitors, this year our exhibitors come from Mainland China, Taiwan, Japan, Korea, ASEAN countries such as Indonesia, Malaysia and Singapore, as well as European countries including Denmark, France, Germany, Switzerland and the United States, showcasing diverse lighting products and solutions. As a world-class trading hub for lighting, the fairs provide insights into products and industry trends, enabling traders to build business connections and further expand market opportunities.”
A Connected Lighting Zone debuts at the 25th Autumn Lighting Fair, showcasing new products from various renowned companies and brands.
Connected Lighting Zone debuts to showcase smart-lighting products
Under the theme Light Up Every Opportunity, the Hong Kong International Lighting Fair (Autumn Edition) and Hong Kong International Outdoor and Tech Light Expo present a wide range of high-quality lighting products, including those with innovative design, sustainable development and smart elements. The Connectivity Standards Alliance introduced the cross-platform smart-home device standard Matter in 2019, making smart-home systems more convenient. The Autumn Lighting Fair gathers the latest smart lighting products, including the MEGAMAN® Ingenium® Matter series (Booth No. 1C-B02), which is compatible with multiple smart-home systems, and the LEEDARSON Smart Lighting series (Booth No. GH-C02; 1B-D02), which uses a patented colour-mixing algorithm.
The Hall of Aurora gathers innovative lighting products and technologies from many renowned brands.
A Connected Lighting Zone debuts at the 25th Autumn Lighting Fair, showcasing more than 20 renowned international companies and brands including Leedarson, Midea, Snappy, Quectel, as well as members of DALI Alliance and Shanghai Pudong Intelligent Lighting Association.
The Hall of Aurora gathers innovative lighting products and technologies from renowned brands such as Prosperity Group and Signify. Other product zones include Commercial Lighting, Residential Lighting, LED Lighting, LED Essentials, Smart Lighting & Solutions and more.
Forums will explore the latest opportunities in connected lighting during the fair period. The Connected Lighting Forum, themed Unlocking New Realms in Connected Lighting, was held today. Experts such as Mona Xiong, Board Member & Marketing Committee Member, Connectivity Standards Alliance; Head of Ecosystem Partnership, Tuya Smart and Finn Chen, Vice Team Leader, Connectivity Standards Alliance Member Group China (CMGC); CEO, Longan Link Tech Co., LTD. discussed smart-lighting industry developments. The Connected Lighting Forum, themed Smart Lighting for Healthy Living, will be held tomorrow. Experts such as Dr Qiao Yuan, Director, SILA Intelligent Lighting Designer Committee; Vice President, Fudan Planning and Architectural Design Institute and Dr Feng Huang, Chair, DALI Alliance China Focus Group; Chief Expert, Standard and Regulation, Signify (China) will discuss how technology can improve lighting design and contribute to human health.
Energy-saving lighting products cater to sustainable development trends
The Hong Kong International Outdoor and Tech Light Expo features several product zones, including Exterior Lighting Solutions and Systems, Horticultural Lighting, Innobuild, Outdoor Advertising Lighting, Outdoor & Public Lighting as well as Technical & Professional Lighting. The expo showcases outdoor and professional technical lighting solutions for commercial and industrial use, key products include the Sunmao LED graphene street light (Booth No. 8-B23). Highly durable graphene can withstand harsh environmental conditions, extending a street light’s lifespan. Additionally, Jiangsu Sokoyo Solar Lighting Co., Ltd. presents its GOLF – All-in-one solar street light (Booth No. 8-B06), combining solar panels and intelligent sensing technology and features a detachable light pole, providing more lighting industry options and promoting sustainable development and energy conservation.
The New Infrastructure for Smart Cities: Exploring the Trend of Smart Lighting seminar held today featured experts such as Diana Y Lu, Vice Chairman of SILA (Shanghai Pudong Intelligent Lighting Association) and General Manager of Unilumin Lighting who discussed the latest advancements and trends in smart lighting to integrate with emerging technologies such as IoT and AI to turn cities smart. Another session, Development of Smart Poles and Vehicles Forum, invited experts including Dr Feng Huang, Secretary General of the smart-city committee, SILA; Chief Expert, Standard and Regulation of Signify (China) and Zhi-jun Li, Chairman, Shanghai Pudong Intelligent Lighting Association to discuss integrated solutions and challenges in standardisation of smart poles for enhanced safety and efficiency on highways.
The Outdoor and Tech Light Expo runs from 26 to 29 October at AsiaWorld-Expo, in parallel with Eco Expo Asia. Along with the Autumn Lighting Fair, the three events create greater synergies and cross-sector business opportunities for industry players. A free shuttle bus service will be provided between the HKCEC and AsiaWorld-Expo.
Under the EXHIBITION+ hybrid mode, exhibitors and buyers can meet online through the Click2Match smart business matching platform in addition to attending the physical fair until 6 November. The new Scan2Match function launched for the Fairs allows buyers to use the HKTDC Marketplace App during the physical fair to scan the QR codes of exhibitors and product showcases, bookmark favourite exhibitors, browse product information and floor plans as well as engage with exhibitors after the Fairs to continue their sourcing journey.
The 8th HKTDC Hong Kong International Outdoor and Tech Light Expo
The 25th HKTDC Hong Kong International Lighting Fair (Autumn Edition)
Date
26-29 Oct 2023 (Thursday to Sunday)
27-30 Oct 2023 (Friday to Monday)
Opening hours
26 Oct 2023: 10:30am-6pm; 27-28 Oct 2023: 10am-6pm; 29 Oct 2023: 10am-5pm
27-29 Oct 2023: 9:30am-7pm; 30 Oct 2023: 9:30am-4pm
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
HONG KONG, Oct 27, 2023 – (ACN Newswire) – Luxshare Precision, a leading global manufacturer of cable & connector assembly and system solutions for consumer electronics, automotive interconnect, and communication interconnect, recently unveiled its 2023FYQ3 financial results, showcasing robust performance and indicating the potential for exceptional results for the full year. According to the financial report, the company’s revenue for the first three quarters amounted to RMB155.875 billion, reflecting a year-on-year growth of 7.31%. Additionally, Luxshare Precision achieved a net profit attributable to shareholders of the listed company after the deduction of non-recurring gain or loss of RMB7.033 billion, marking a significant increase of 17.63% compared to the previous year. The net profit attributable to shareholders of the listed company reached RMB7.374 billion, demonstrating a year-on-year growth of 15.22%.
Furthermore, Luxshare Precision issued its annual performance forecast, anticipating that the growth of net profit attributable to shareholders of the listed company will be between 17.5% and 22.5% for the full year of 2023 compared to the previous year. This projection indicates a range of RMB10.767 billion to RMB11.225 billion, surpassing RMB10 billion for the first time in Luxshare’s history.
The disclosed financial report underscores Luxshare Precision’s consistent improvement in sales gross margin and net profit margin. These figures rose from 10.03% and 4.20% at the beginning of the year to 11.8% and 5.31%, respectively. The company’s profitability has shown continuous enhancement, positioning it favorably for future growth.
With the imminent arrival of the traditional peak season for consumer electronics and the launch of new products by Apple, Luxshare Precision stands to benefit from significant opportunities. Luxshare Precision has enjoyed a fruitful collaboration with Apple Inc. spanning over a decade, encompassing product lines such as iPhone, Apple Watch, and AirPods. In a previous interview, Wang Laichun, Chairwoman of Luxshare Precision, emphasized the company’s substantial contribution to iPhone production, stating that its iPhone business had doubled in size over the past year. Wang also likened the relationship between Luxshare Precision and Apple to that of a “phoenix” and a “swift bird,” symbolizing their soaring success together.
Moreover, Apple CEO Tim Cook recently visited China and specifically toured Luxshare Precision’s Apple Watch assembly factory alongside Wang Laichun. Additionally, Wang revealed that Luxshare Precision is preparing for the production of Apple’s upcoming Apple Vision Pro, set to launch early next year. Ming-Chi Kuo, an analyst at TF International Securities, shares a positive outlook on the synergistic development between Luxshare Precision and Apple, anticipating further collaboration and stating that Luxshare Precision is currently involved in the introduction of a new high-end iPhone in 2024.
Looking ahead, Luxshare Precision expressed its commitment to strengthening existing businesses while proactively exploring new areas, technologies, and products. Leveraging its advantages of R&D in precision smart manufacturing platforms and processes, the company aims to achieve mutual integration and resource sharing across various sectors, including consumer electronics, communications, and automotive. By establishing a complete vertical integration loop, Luxshare Precision seeks to drive its development as desired.
In the communication field, Luxshare Precision has adopted a strategy of “core components + system-level products” to drive synergistic development. This approach encompasses a wide range of products, such as high-speed interconnects, optical modules, heat dissipation components, base station antennas, base station filters, and modules. The company has already achieved global leadership in specific areas. In addition, Luxshare also mentioned that the company’s overseas business of high-speed copper connectors and wire harnesses is growing rapidly. The company’s optical module products have quickly entered the top three data center customer projects, with some in testing and some already being delivered in small batches.
In the automotive sector, Luxshare Precision covers domains such as automotive wire harnesses/connectors, vehicle electronics, Intelligent cockpits, and autonomous driving. Its product portfolio includes high/low-voltage wire harnesses, special wire harnesses, charging guns, automotive connectors, Intelligent cockpit domain controllers, LCD instruments, and AR HUDs and DMSs. The company has established strong partnerships with leading international automotive brands.
It is worth mentioning that’s, Luxshare Precision’s recent investor relations record shows that its automotive business sector grew by over 50% from January to September 2023 and is expected to maintain good growth momentum in the next 3-4 years.
Overall, Luxshare Precision has made remarkable strides in improving profitability and diversifying its business layout throughout the first three quarters of this year. With the double-digit growth achieved in both revenue and net profit during the reporting period and considering the company’s comprehensive development across multiple industries, categories, and customer segments, Luxshare Precision is poised for sustainable future growth.
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