SKYX Files for a Mandatory Safety Standardization with the National Electrical Code (NEC) for Its Outlet Receptacle for Ceilings in Homes and Buildings

MIAMI, FL, Sep 11, 2023 – (ACN Newswire) – SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies"), a highly disruptive smart platform technology company with 72 issued and pending patents in the U.S and globally and over 60 websites for lighting and home decor with a mission to make homes and buildings become safe and smart as the new standard, announced today that it has filed an application for a mandatory safety standardization with the National Electrical Code (NEC) for its ceiling outlet receptacle platform for homes and buildings.

In a market of hundreds of millions of installations, a mandatory standardization of SKYX's ceiling outlet platform, should it occur, would enable a robust, safer plug and play ceiling installation of light fixtures and ceiling fans without a need to touch electrical hazardous wires and would significantly reduce fires, ladder falls, electrocutions, injuries, and deaths due to hazardous electrical wire installations.

SKYX's code team is led by Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President and CEO of the American Lighting Association (ALA). As part of the mandatory application, SKYX's code team has submitted significant supporting data regarding hazardous incidents that occur due to electrical wire installations. The data includes fires, ladder falls, electrocutions, injuries, and deaths caused due to hazardous wire installations.

After years of rigorous standardization progress, SKYX's management and code team strongly believe that it has met the necessary safety conditions and has significant hazardous data support for a compelling case for its ceiling outlet receptacle to become a mandatory safety standardization for ceilings in homes and buildings.

In the past several years the Company's product was already voted into 10 segments in the NEC and since 2022 it has succeeded in achieving major additional necessary milestones for mandatory standardization, including voting approvals by U.S. standardization organizations ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturing Association), as well as a vote approval by the NEC for the generic name WSCR (Weight Support Ceiling Receptacle) for its ceiling outlet receptacle.

The last significant NEC mandatory standardization approval for homes and buildings was for the GFCI (GFI) electrical wall safety outlet for Bathrooms and Kitchens to reduce and prevent electrocutions.

The Company's application included data regarding hazardous incidents from U.S. governmental agencies such as the U.S. Census Bureau, NFPA, OSHA, NIOSH, CPSC, and CDC.

An NFPA Report No. USS117 published in February 2022, "Home Fires Caused by Electrical Distribution and Lighting Equipment" provides evidence that not enough emphasis is placed on incorrect installation of lighting. The report noted that fires involving electrical distribution and lighting equipment caused an estimated average of 430 deaths per year in 2015-2019. Specifically, wiring, and related equipment accounted for 68% of these fires, 60% of the property damage and 42% of the civilian deaths and 53% of injuries.

SKYX's lead code team member Mark Earley, former head of the National Electrical Code (NEC) and former Chief Electrical Engineer of NFPA, said: "I truly believe that we have made a compelling case for a mandatory requirement for plug-and-play installations using the safe and robust weight supporting ceiling receptacle. We have gathered a significant amount of data on incidents involving lighting fixtures and ceiling fans using the existing wiring methods. This data includes a substantial number of hazardous incidents that include deaths and or injuries from fires related to wiring, falls from ladders, fixtures or fans that fell on individuals, including young children among other incidents. Many of these accidents could have been prevented using this safe and robust plug-and-play installation method. It is about time that the existing wiring installation method be replaced by a safe, robust method that reflects today's advanced but litigious world".

SKYX's lead code team member Eric Jacobson, former President and CEO of the American Lighting Association (ALA), said: "I am highly confident that our application to the NEC has all the necessary safety data aspects and information to support our case for a mandatory safety standardization approval. As part of our application, we intend to share our product for all manufacturers to benefit. As a world leading country, it is about time that we make our consumers, electricians, handymen, and business owners safer and more advanced by moving away from the old hazardous wiring installation method to a safer, and fast plug and play installation method."

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 new standard. SKYX Platforms Corp. (NASDAQ: SKYX) has a series of highly disruptive advanced-safe-smart platform technologies, with over 72 U.S. and global patents and patent pending applications as well as over 60 lighting and home decor websites. 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.

Forward-looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as "aim," "anticipate," "believe," "can," "could," "continue," "estimate," "expect," "evaluate," "forecast," "guidance," "intend," "likely," "may," "might," "objective," "ongoing," "outlook," "plan," "potential," "predict," "probable," "project," "seek," "should," "target" "view," "case," "will," or "would," or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words.

These statements reflect the Company's reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those expressed or implied by the forward-looking statements.

Such forward-looking statements include any statements regarding any of the Company's products becoming a new standard. The filing of the Company's application for a mandatory safety standardization with the National Electrical Code (NEC) does not guarantee approval within any specific timeframe or at all. The NEC's approval of the Company's generic names for its weight-bearing safe plug & play outlet/receptacle for ceilings as WSCR (Weight-Supporting Ceiling Receptacle) for its universal ceiling outlet and WSAF (Weight-Supporting Attachment Fitting) for its ceiling plug, or 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 do 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 do not guarantee that any of the Company's products will become 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 that any of the Company's current or future products or technologies will gain market acceptance or that they will be adopted by any state, country, or municipality, within any specific timeframe or at all.

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. Such risks and uncertainties also 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 SKYX's Smart Platforms into homes, buildings, cruise ships and communities and adoption by hotels, builders and architects, ability to capture market share, ability to execute on any sales and licensing opportunities, ability to achieve code mandatory status for the SkyPlug, risks arising from mergers and acquisitions, and other risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. Readers are cautioned not to put undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

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

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

JE Cleantech Holdings Limited Announces $1,000,000 Stock Repurchase Program

SINGAPORE, Sep 6, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (NASDAQ: JCSE) announced today that its Board of Directors has authorized a stock repurchase program of up to $1,000,000 of the Company's outstanding Ordinary Shares, par value $0.001 per share. This program will commence immediately.

"This new stock repurchase program reflects the Board's and management's confidence in our improving operating results, future growth prospects, and business strategy to continue to create long-term value for our shareholders," commented Elise Hong, Chairperson and Chief Executive Officer.

The Board's authorization permits JCSE to repurchase shares from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. The actual timing, number, and value of shares repurchased by JCSE under the program will be determined by management at its sole discretion. Repurchases will depend on a number of factors, including the market price of JCSE's shares, general market and economic conditions, applicable legal requirements, and other cash needs. The repurchase program may be suspended, terminated, or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other appropriate factors.

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

Certain statements contained in this press release may be deemed to be forward-looking statements under federal securities laws, and the Company intends that such forward-looking statements be subject to the safe harbor created thereby. All statements, other than statements of fact included in this release, are forward-looking statements. Such forward-looking statements include, among others, that JCSE will repurchase shares from time to time, with the details determined by JCSE's management depending on market price, economic conditions, legal requirements, and cash needs. We caution that these statements are qualified by important risks, uncertainties, and other factors. Such factors include, among others the risk factors set forth in our Annual Report on Form 20-F for the year ended December 31, 2022. Except to the extent required by federal securities laws, the Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

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

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

JE Cleantech Announces Voting Results Of Its Extraordinary General Meeting

SINGAPORE, Sep 5, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (NASDAQ: JCSE) today announced the results of the Company's Extraordinary General Meeting of Members (the "Extraordinary Meeting") held on August 29, 2023, at the Company's offices located at 3 Woodlands Sector 1, Singapore.

At the Extraordinary Meeting, the members approved and authorized a consolidation of the Company's Ordinary Shares ("Reverse Stock Split") of the Company's issued Ordinary Shares in a range from 1 for 1.5 to 1 for 10 Ordinary Shares (the "Range"). The Board of Directors may elect to either: (i) effect the Reverse Stock Split; or (ii) not effect the Reverse Stock Split; within the Range at any time during the next 12 months.

The Company may effect the Reverse Stock Split within the Range in order to regain full compliance with the Nasdaq Stock Market LLC's ("Nasdaq") share price listing rule ("Rule"). The Rule requires that the bid price for the Company's Ordinary Shares must close at $1.00 per share or more for a minimum of 10 consecutive business days during the compliance period ending October 28, 2023.

A Reverse Stock Split would reduce the total number of JCSE's issued and outstanding Ordinary Shares, which is expected to result in an increase in the trading price per share. The objective of the Reverse Stock Split, if effected, will be to ensure that the Company regains full compliance with the Rule and maintains its listing on Nasdaq.

About JE Cleantech Holdings Limited

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

Disclaimer: Forward looking statements

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

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

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

TANAKA Precious Metals to Establish Global Recycling Network, Promoting Worldwide Recycling of Precious Metals

TOKYO, Aug 31, 2023 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K., a core company of TANAKA Precious Metals Group, announced it has launched regional business strategies towards establishing a Global Recycling Network, promoting the widespread recycling of precious metals.

"Global Recycle Network" Bases

Ya'an Guangming Paite Precious Metal Co., Ltd.

The expansion will encourage recycling at TANAKA's main recovering and refining bases: Ichikawa Plant and Shonan Plant in Japan for Southeast Asia, Hukou Plant for Taiwan, Marin Plant (Switzerland) for Europe, and North Attleborough Plant (Mass, USA) for North America.

As part of this expansion, Chengdu Guangming Paite Precious Metal Co., Ltd., a TANAKA affiliate company in China, will establish a new company, Ya'an Guangming Paite Precious Metal Co., Ltd., in Sichuan Province, scheduled to begin full-scale operations in summer 2024.

Of the approximate 5 billion yen investment to establish Ya'an Guangming Paite, TANAKA Kikinzoku Kogyo will hold 40% through its share in Chengdu Guangming Paite. The new company will manufacture precious metal compounds for various catalysts and plating, and recover production scrap using TANAKA's precious metal recycling technology.

Precious Metals Recycling Business Development in China

Ideally, the precious metals business in China should be integrated, as in other countries, with recovery and refining together with the manufacture of industrial precious metals products. The cooperation between TANAKA Kikinzoku Kogyo and Chengdu Guangming Paite has allowed for limited integration, but much scrap goes unrecovered.

Ya'an Guangming Paite will introduce the recycling process that TANAKA has developed over many years in Japan, to establish a process capable of recovering scrap that was previously unrecoverable. Through the new company, TANAKA will establish a one-stop precious metal recycling system within China, further developing its precious metal recycling business.

TANAKA hopes to contribute to global sustainability by effectively limiting the precious metal resources utilized in various industries, and believes that precious metal recycling will help reduce the use of mined precious metals in industrial products, thereby helping to reduce environmental impact.

About Chengdu Guangming Paite

Chengdu Guangming Paite Precious Metal Co., Ltd. was established in 2008 as a Chinese-foreign joint venture by CDGM Glass Co., Ltd. and Pushan International Co., Ltd. In 2012, it became a joint venture between CDGM Glass and TANAKA Kikinzoku Kogyo, following an equity transfer from Pushan International, and in 2014 the ownership ratio became 60% CDGM Glass and 40% TANAKA Kikinzoku Kogyo. It is engaged in the manufacture and sales of precious metal industry products and the precious metal recycling business in China.

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 the leader in Japan in volumes of precious metals handled. 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 full range of products and services. With 5,355 employees, group sales for the year ending March 31, 2023, was 680 billion yen ($4.6 billion).

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

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

Press inquiries:
TANAKA Holdings Co., Ltd. (TSE: 7619)
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Press Release: https://www.acnnewswire.com/docs/files/202308_EN.pdf

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

Luxshare Precision Announces First-Half 2023 Financial Results: Over 20% Increase in Net Profit Excluding Non-recurring Profit And Loss

HONG KONG, Aug 31, 2023 – (ACN Newswire) – Luxshare Precision (002475.SZ) released its 2023 interim report on 28th August, revealing a year-on-year increase of 19.53% in operating revenue, amounting to RMB97.971 billion. Net profit after deduction of non-recurring profit and loss attributable to ordinary shareholders of the company soared by 22.48% to RMB4.154 billion.

The company also forecasted its performance for the third quarter, projecting a 10% to 20% increase in net profit attributable to ordinary shareholders of the company for the first three quarters of 2023, with an expected range of RMB7.04 billion to RMB7.68 billion.

The interim report highlighted significant improvements in Luxshare's profitability and further optimization of multiple financial indicators. Furthermore, the company's diversified business strategy is yielding impressive results, with continuous growth in its communication business and automotive business, providing a strong impetus for stable development.

Strong revenue and net profit growth with significant gross profit margin improvement
Positioned as a solutions provider, Luxshare leverages its robust technical strength and innovative capabilities to offer comprehensive solutions across the industrial chain. This positioning allows the company to seize more market opportunities, such as in the era of intelligent electric vehicles. It integrates its accumulated experience and advantages in communication and electronics, propelling the company onto a fast track towards becoming a global top ten Tier 1 player in the intelligent electric vehicle field.

In the first half of 2023, Luxshare demonstrated "double-digit growth in revenue and net profit". The company's growth rate of net profit excluding non-recurring profit and loss surpassed that of revenue, signifying an improvement in revenue quality. This increase can be attributed to Luxshare's higher positioning in the supply chain and continuous cost reduction and efficiency improvement in management.

Luxshare has implemented systems such as SAP, PLM, MES, and WMS, and through digital transformation and upgrading, it has further optimized its management and production processes, thereby improving operational efficiency in lean manufacturing and supply chain management.

Some research reports noticed that for three consecutive quarters, Luxshare's "cash receipts from the sales of goods and the rendering of services" exceeded "cash payments for goods purchased and services received" hinting at an increase in gross profit margin. It is worth to notice that, the company's gross profit margin in the first half of the year was 10.64%, while the Q2 gross profit margin was 11.27%, indicating an improvement from the previous quarter.

Moreover, Luxshare's cash flow statement showed significant improvement in the first half of 2023, with net cash flow from operating activities surging by 263.74% to RMB8.814 billion.

Advancement across diverse business sectors
The ongoing acceleration of diversified layout formed Luxshare Precision unique operational advantages and fostered a positive development pattern across multiple platforms. With the consumer electronics business as the backbone of Luxshare Precision, the company presented an over-industry-level performance in the first half of the year.

Despite a global decline in the smartphone market, Luxshare Precision's consumer electronics business has maintained strong growth momentum. The upcoming launch of Apple's new iPhone 15 series is expected to provide additional growth opportunities for the company.

Meanwhile, Luxshare Precision's communication business is the fastest-growing sector in recent years. The company has devised a mixed development model of "core components + system-level products" to boost business growth comprehensively, which turned out well and received high recognition from top customers at home and abroad.

In the automotive business, Luxshare Precision achieved over 50% growth in the first half of the year. The company continues to expand its automotive portfolio, forming strategic partnerships with major players such as Chery, GAC, and Huawei.

In addition, Luxshare Precision was included in the Fortune Global 500 list for the first time, representing a significant achievement for enhancing the company's brand value and influence, as well as for the technology manufacturing industry in China.

In summary of the performance in the first half of 2023, Luxshare Precision is highlighted in its improved management efficiency, enhanced asset quality, and advanced development of the three major business sectors. With the release of Apple new products and expansion of partnerships in the automotive industry, the company is well-positioned to continue its growth trajectory.

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

Three Highlights Hidden in Apple’s Q3 Performance

HONG KONG, Aug 30, 2023 – (ACN Newswire) – Earlier this month, Apple announced its 2023FY third quarter results. Despite the slight decline in total revenue, combined with latest industry analysis, there are still three highlights worth noting: the strong demand in the Chinese market, the huge potential of iPhone 15 and the boost from wearable devices.

Strong demand in the Chinese market
Currently, the top five markets for the iPhone are China, the US, Japan, the UK and India. iPhone sales in emerging markets rose year-over-year, with double-digit growth overall, while Apple's Chinese market has changed from a 3% decline to an 8% growth year-over-year.

In addition, many third-party institutions released relevant research reports followed by Apple's results. According to TechInsights' latest research report, China surpassed the US being the largest single market for iPhone for the first time, indicating the strong consumer demand in the Greater China region.

The huge potential of iPhone 15
Apple's average selling price (ASP) hit a record high in the quarter, driven by higher sales of the iPhone 14 series of Pro models. This lays a good foundation for future iPhone 15 sales. The iPhone 15 is expected to be equipped with a new 3nm chip and type-c interface, which may cause a wave of replacements. According to The Elec citing industry sources, Apple plans to increase iPhone production by 3.2 million units this year.

iPhone 15 will also be manufactured by Foxconn, Luxshare and Pegatron. According to Wedbush Securities analyst Dan Ives, recent assessments of the supply chain in Asia indicate results that future iPhone revenue may exceed current expectations. Ives attributes this positive outlook to a "clear uptick" increase in demand in Greater China, coupled with higher average selling prices. With abundant supply and the highly anticipated release of the iPhone 15 in September, Apple is poised for a favorable outlook that instils investor confidence.

In addition, according to the analysis of well-known electronics analyst Ming-Chi Kuo, Apple's 2024 iPhone shipment target is 250 million, which is greater than Samsung's 220 million shipment target, which means that Apple is expected to earn the world's largest smartphone shipment in 2024.

R&D expenses have witnessed an almost 10% year-on-year increase, as revealed in a Reuters interview with Apple's CEO Tim Cook. The majority of increased investment has been allocated towards the development of AI technology. Anticipated to have a profound impact across Apple's product line, the technological advancement could serve as a compelling reason for consumers to consider purchasing the new iPhone 15, set to be released later this year.

Wearable devices could give its revenue an additional boost
This time, Apple's wearable business and service business have both achieved growth, becoming a bright spot in performance. In terms of new products, Apple may dig into the potential of health monitoring on the follow-up model of AirPods. Equipped with new sensors, the next-gen AirPods may not only support body temperature measurement, but also is expected to bring hearing aids.

At the same time, rumors said that Apple is developing a special edition watch for the 10th anniversary of the launch of the Apple Watch next year. It might include a thin and light body and a new magnetic suction strap buckle, etc., which are expected to bring continuous high-speed growth to wearable devices. The foundries of Apple Watch are mainly Luxshare Precision and Foxconn. Regarding the headset supply chain, it is currently known that Luxshare Precision, Yangming Optical, and Foxconn's GIS have been selected, and Luxshare Precision will be responsible for the final assembly.

During the conference call after the results, Tim Cook mentioned that the revolutionary Apple Vision Pro is the most advanced personal electronic device ever created and is expected to be sent to customers' hands early next year.

Earlier market reports indicate that Luxshare Precision has successfully secured contract manufacturing orders for three models of the iPhone 15 series. This marks the first time that Luxshare Precision has obtained contract manufacturing orders for three models ahead of the annual release of the new iPhone, notably including the iPhone 15 Ultra. The iPhone 15 Ultra is a new high-end model to be introduced this year, and securing the iPhone 15 Ultra order further confirms Luxshare Precision's manufacturing capabilities being well recognized by Apple.

It is worth mentioning that it is said the iPhone 15 series will be equipped with a rear camera lens featuring a 48-megapixel resolution. Cowell, a subsidiary of Luxshare Precision, is one of the major suppliers providing camera modules.

2023 has been a rewarding year for Apple investors as the stock has soared over 40% during the past seven months, driven by the resilience of the company's iPhone sales. It is rare to see a company still appear to be non-affected by the poor global economic conditions and even grow stronger and stronger. The comprehensive upgrades of the iPhone 15 are also expected to bring certain benefits to the manufacturers involved in the iPhone supply chain.

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

Graid Technology Announces SupremeRAID(TM) Software Version 1.5, Delivering Unmatched Performance for NVMe Users

SANTA CLARA, CA, Aug 22, 2023 – (ACN Newswire) – Graid Technology Inc., the award-winning data protection provider and developer of the only RAID card to offer customers access to the full performance of NVMe SSDs, today announced its new software release (v1.5) for the SupremeRAID(TM) SR-1010 and SR-1000 offerings. Leveraging the power of PCIe Gen 5, SupremeRAID(TM) affords customers the performance advantage of higher bandwidth infrastructure at various RAID levels per the chart below:

SupremeRAID(TM) Release v1.5 (Traditional Hardware RAID)
4K Random Read 28 M IOPS – 4x better performance (6.9 M IOPS)
4K Random Write 2 M IOPS – 3x better performance (651 k IOPS)
1M Sequential Read 260 GBps – 9x better performance (28.2 GBps)
1M Sequential Write 100 GBps – 9.6x better performance (10.4 GBps)

Along with the tremendous performance enhancements, SupremeRAID(TM) v1.5 adds additional features including increased Drive Group support from 4 to 8, enhanced Random I/O performance for AMD platforms, and support for Oracle Linux. Today, SupremeRAID(TM) v1.5 supports Linux, with similar functionality and increased performance for Windows Server available later this year.

"Gone are the days of I/O bottlenecks. We are extremely excited to be bringing SupremeRAID(TM) v1.5 for Linux to the market. Customers investing in NVMe along with PCIe Gen 5 infrastructure will experience unparalleled performance when deploying SupremeRAID(TM) to protect their data, giving customers the perfect platform for AI/ML, IoT, video processing, and other performance-hungry business applications," said Leander Yu, President and CEO of Graid Technology.

The release of SupremeRAID(TM) v1.5 continues to set Graid Technology apart from both software and hardware RAID options across the data protection market. Both the patented out-of-path data flow and new Intelligent Parity data reduction technology securely position customers with a competitive advantage in their respective markets.

SupremeRAID(TM) software release v1.5 will be available to all Graid Technology customers, regardless of channel, as a free upgrade. As Graid Technology continues to expand its global OEM, distribution, and integration partnerships, the company remains committed to working with customers and partners to explore options for additional functionality in future product and software enhancements.

Benchmark Environment:
Hardware Spec:
Server: Supermicro AS-2125HS-TNR
CPU: AMD EPYC 9654 96-Core Processor x 2
Memory: Samsung M321R2GA3BB6-CQKVS DDR5 16GB x 24
SSD: Kioxia CM7 KCMY1RUG3T84 x 24
RAID Controller: SR-1010 x 1

Software Environment:
OS: Ubuntu 20.04.4 LTS
Kernel: 5.4.0-155-generic
Benchmarking tool: fio-3.16
SupremeRAID Driver version: 1.5.0

About Graid Technology Inc.

Headquartered in Silicon Valley, California, with an R&D center in Taipei, Taiwan, our leadership is composed of a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries. Graid Technology Inc. has developed the world's only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance without sacrificing system integrity or security. 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

Related Files
SupremeRAID SR-1010 Brochure and Specs_Aug 2023.pdf https://pr.report/4AjHuM3s
SupremeRAID SR-1000 Brochure and Specs_Aug 2023.pdf https://pr.report/7Hr5cCqG

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

Impro Precision: Interim results continue to improve, stock price rises amid adversity, and US peer also climbs to new high

HONG KONG, Aug 16, 2023 – (ACN Newswire) – Impro Precision (01286.HK), the world's sixth largest independent and China's largest investment casting manufacturer, announced its 2023 interim results last week. Sales increased by 9.7% year-on-year to HK$2.4 billion, while net profit rose by 13.3% year-on-year to HK$300 million, which is no mean feat considering the various unfavorable factors at play, including a sluggish China economy which saw a good start earlier in the year, sales dampened by the Nantong plant which had not resumed production following the fire, higher depreciation costs of the new plants in Mexico as they are still in the ramp-up stage, and currency appreciation, and increase in finance cost.

By end-market, sales to the aerospace, energy and medical end-markets amounted to HK$320 million, a 67.3% surge year-on-year. The strong growth was mainly attributable to the rebound of the global aerospace market boosting both mass production of new products and market share of the Company. The acquisition of Foshan Ameriforge last year also brought significant synergies, helping bolster business of the aerospace end-market, as well as brace the 230.5% soar in sales of the energy end-market. As for the diverse industrial end-markets, total sales amounted to HK$1.18 billion, up 10.5% year-on-year. The high horsepower engine end-market in particular, which benefited from the increasing demand for large power equipment, saw a 20.7% year-on-year increase in sales. The construction equipment and agricultural equipment end-markets registered had sales up by 27.7% and 16.3% year-on-year, respectively, thanks to the rise in demand recorded by the hydraulic orbital motor business, which the Company acquired in the second half of last year, and for construction equipment in the US. Sales to the automotive end-markets totaled at HK$900 million. The commercial vehicle end-market in Europe and the Americas recorded sales growth of 5.5%, partially offsetting the impacts from the decline in business in China's passenger car end-market and the production halt at the Nantong factory after the fire.

The outlook is bright for the company. As of July 31, 2023, the company's total orders in hand to be fulfilled in the next twelve months reached HK$4,046 million, a year-on-year increase of 11.4%. Impro Precision's pre-emptive layout of the aerospace business is expected to achieve high, continuous growth upon full recovery of the global aerospace market. The precision machining, sand casting, and investment casting plants in Mexico have commenced operation, while the aerospace component plant and surface treatment plant will begin production next year, further enhancing the company's global service capabilities.

Following a bottoming out of the company's share price at HK$1.68 in March 2022, bullish momentum has been demonstrated, in complete contrast to the weak Hang Seng Index during the same period. At present, the company's share price consolidates at a high level and has support above the stock year line. The moving average has retreated slightly and is waiting for a further increase. Obviously, the market recognizes the intrinsic value of the company, as reflected by the share price divergence from market trend.

By comparison, the company's peer, Howmet Aerospace Inc. (NYSE: HWM), which mainly produces components for the aviation and transportation industries, has seen its share price hitting record highs since April 2020, confirming the industry's strong prosperity and good profitability. The dynamic price-earnings ratio is as high as 38x, which shows that investors are extremely optimistic about Howmet Aerospace's development. Impro Precision's P/E ratio is only 8.6x after its listing, hence there is still tremendous room for growth.

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Graid Technology & Liqid Named Most Innovative Flash Memory Enterprise Business Application, Best of Show at FMS 2023

SANTA CLARA, CA, Aug 10, 2023 – (ACN Newswire) – Flash Memory Summit, the world's largest and most prestigious storage industry conference, awarded SupremeRAID(TM) and Liqid IO Accelerators Best of Show for cutting-edge innovation in enterprise applications for media and entertainment.

SupremeRAID(TM), the revolutionary GPU-based NVMe RAID controller by Graid Technology, employs unique out-of-path RAID technology to deliver unprecedented levels of SSD performance without consuming CPU cycles or sacrificing system integrity or security. Meanwhile, Liqid NVMe IO Accelerator storage devices deliver the unrivaled storage performance required for modern M&E projects and maximize GPU flexibility for faster results with incredible efficiency. Together this solution removes the traditional RAID bottleneck and delivers an impressive 4M IOPS, 26GB/s throughput with only 10us latency for stellar performance results.

"Businesses in the Media & Entertainment (M&E) world repeatedly face the challenges of a trade-off between data security and system speed, as they seek solutions which deliver both," said Jay Kramer, Chairman of the Awards Program and President of Network Storage Advisors Inc. "We are proud to recognize the collaboration of Graid Technology's SupremeRAID(TM) and Liqid's IO Accelerator, which offers scalable storage while eliminating application workload bottlenecks through record-breaking data ingest, throughput, and protection."

"We are honored to be named FMS Best of Show winner again this year," said Leander Yu, President and Founder of Graid Technology. "The flexibility and scalability of Liqid IO Accelerators provides the ideal platform to leverage the simplicity and scalability of the SupremeRAID(TM) offerings. The combination of Liqid and SupremeRAID(TM) delivers a data protection option with a lower cost of deployment plus unprecedented levels of performance without sacrificing system integrity or security."

"Receiving the Best of Show award is a true testament to how Graid Technology and Liqid have shattered the misconception that data protection only comes at the cost of performance," said Sumit Puri, Cofounder and CEO of Liqid. "We've been accelerating VDI and rendering for M&E customers for years, and this recognition further fuels our commitment to revolutionizing the industry and delivering unparalleled solutions to our customers."

The Flash Memory Summit's annual Best of Show awards are a premier opportunity for the industry to recognize innovative products and solutions that are being used in the marketplace. A record number of award submissions were received this year, making each of the categories extremely competitive. Learn more about Graid Technology at Flash Memory Summit 2023 here. https://www.graidtech.com/fms-2023-graid-technology-booth-639/

About Graid Technology Inc.

Headquartered in Silicon Valley, CA, with an R&D center in Taipei, Taiwan, our leadership is composed of a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries. Chosen by CRN as a 2022 Emerging Vendor in the Storage & Disaster Recovery category, and FMS 2022 Best of Show winner, Graid Technology Inc. has developed the world's only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance without sacrificing system integrity or security. Visit our website or connect with us on Twitter or LinkedIn.

About Liqid

Liqid is the global leader in composable disaggregated infrastructure (CDI) solutions, revolutionizing the way organizations utilize IT resources. By empowering organizations with unprecedented agility, flexibility, and efficiency, Liqid enables users to effortlessly configure, scale, and manage their IT infrastructure in seconds. With Liqid's innovative Matrix software at its core, customers get comprehensive control over resource utilization, including GPU and storage, allowing them to efficiently adapt to evolving needs. Committed to driving innovation and helping customers tackle their computing challenges, Liqid is at the forefront of shaping the future of data center infrastructure. For more information, visit www.liqid.com and follow Liqid on Twitter and LinkedIn.

About Flash Memory Summit

Flash Memory Summit showcases the mainstream applications, key technologies, and leading vendors that are driving the multi-billion-dollar non-volatile memory and SSD markets. FMS remains the world's largest event featuring the trends, innovations, and influencers driving the adoption of flash memory in demanding enterprise storage applications, as well as in smartphones, tablets, and mobile and embedded systems. Learn more at FlashMemorySummit.com.

Contact Information
Andrea Eaken
Director of Marketing, Americas & EMEA | Graid Technology
andrea.eaken@graidtech.com
949-742-9928

George Wagner
Executive Director of Product and Technical Marketing
george.wagner@liqid.com
303-500-1551

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From AI Chatbots to CPO: How Communications Technology Helps the World to Change

HONG KONG, Aug 8, 2023 – (ACN Newswire) – In February 2023, ChatGPT, OpenAI's text-generating AI chatbot, has taken the world by storm. The number of users exceeded 100 million in just two months, making it the fastest software ever to have 100 million active users. Microsoft and Google have also launched New Bing and Bard to follow the tide.

According to the analysis AI and Compute published by OpenAI, since 2012, the amount of compute used in the largest AI training runs has been increasing exponentially with a 3.4-month doubling time (by comparison, Moore's Law had a 2-year doubling period). Since 2012, this metric has grown by more than 300,000x (a 2-year doubling period would yield only a 7x increase).

With the explosive growth of computing power and data demand, the evolution of traditional pluggable optical module technology is challenging to support the sustainable development of data centers in the context of high computing power. Therefore, more advanced co-packaged optics (CPO) technology has been brought to the stage to cope with the rapid growth of computing power demand.

CPO technology is an advanced heterogeneous integration of optics and silicon on a single packaged substrate. The transmission rate will be increased by more than eight times to cater for the increasing data processing demand.

Top tier companies are gradually become in need of CPO product. The demand on 800G optical module reached over 7,000,000 in May this year, as Nvidia and Google have updated their demand planning guidelines for 800G optical modules in 2024.

In China, the state has issued a series of policies to support the development of CPO technology. In addition, the stock market also reflected real emotion with China's CPO concept stocks performing extremely well in the first half this year. The most significant increase was Linktel Technologies, with a cumulative soar of 768.83% in 1H2023.

HGtech and Cambridge Industries Group (CIG) are companies marching into the CPO industry. HGtech is currently developing 200G and 400G optical module before looking into 800G optical module and CIG just began to small produce 800G optical module and schedule to deliver more in the rest of the year to cope with their customer needs.

Another example goes to Luxshare Precision, which is well-known for manufacturing iPhone and AirPods for Apple. In addition to the consumer electronics sector, the communications sector has also been its main focus.

Luxshare Precision has been tapping into various communication technologies, including the above-mentioned CPO technology. Its 400G optical modules have already been put into mass production. Meanwhile, its 800G silicon optical modules are being shipped in small quantities. With the advantages of low power consumption, high reliability, high yield and low cost, Luxshare Precision wins a leading position in CPO technology globally.

In 2012, Luxshare Precision entered the communications market through the acquisition of Keertong Industrial. In 2021, the acquisition of TIME Interconnect helped Luxshare Precision further improve its product portfolios of the communications business. Benefiting from the increasing demand, Luxshare Precision's communication business revenue for the first time exceeded RMB10 billion, to RMB12.834 billion, showing a year-on-year increase of 292.55%.

Equipment and data center are two sections that Luxshare Precision is now focusing on in the communications segment. For the equipment segment, Luxshare Precision has been able to realize technological iteration and comprehensively enhance its ability to empower customers' value by relying on the precision manufacturing capabilities cultivated from small nano-scale components in the consumer electronics field, as well as a thorough understanding of acoustic, optical, electric, thermal, magnetic and radio frequency.

For the data center segment, Luxshare Precision, through its advantages in high-speed transmission and its current forward-looking layout in heat transfer, continues to enhance its ability to provide comprehensive solutions in multiple categories.

On top of its existing technology as well as products, R&D innovation is always in the important position of enterprise development, and the company has invested a total of RMB20.834 billion in R&D in the past three years. In terms of R&D achievements, Luxshare Precision has accumulated 4,526 invention patents, an increase of 46.47% compared to the end of 2021.

The steady growth of R&D investment and the continuous enhancement of technology accumulation will certainly help Luxshare Precision achieve breakthroughs in digital applications.

In the recently announced 2023 Fortune Global 500 released on Wednesday, Luxshare Precision appeared on the list for the first time. Meanwhile, it also ranked 138th on Fortune China 500 this year. In addition, Luxshare Precision has been included in the list of Top 50 Forbes China Most Innovative Companies 2022, by virtue of its continuous innovation and leading technology.

It is obvious that Luxshare Precision, with its strong R&D capabilities and achievements in the communications segment, is well-positioned to maintain sustainable growth and achieve a new level.

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