SKYX Announces Over $14 Million (unaudited) In Sales for Partial Second Quarter, Including Sales of Its Plug & Play Products That Are Now Sold on 16 US and Canadian Leading Websites

MIAMI, FL, Aug 3, 2023 – (ACN Newswire) – SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies"), a highly disruptive platform technology company with over 60 issued and pending patents globally with a mission to make homes and buildings become safe and smart as the new standard, announced today that it has over $14 million in sales for the partial second quarter, including sales of its Smart and Standard Plug & Play products that are now sold on over 16 US and Canadian leading lighting and home decor websites.

These websites serve both retail and professional customers and include the following websites: 1stoplighting.com, Lightingdesignexperts.com, Canadalightingexperts.com, Americanlightingstore.com,Homeclick.com, and Lunawarehouse.com among others.

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: "We are very happy to initiate our sales now on over 16 lighting and home decor websites in the US and Canada, as well as market and educate both retail and professional customers on the simplicity, cost saving, time saving, and life-saving aspects of our Sky ceiling outlet receptacle and our plug & play smart and standard products. We expect to continue our product launch in additional locations in the coming months."

Steve Schmidt, President of SKYX Platforms, said: "Seeding the market with our products and introducing the concept of a plug & play ceiling outlet to many consumers and professionals for the first time, showing them that there is truly a better, safer, and faster way, positions us to continue our rapid pace of operational execution. We look forward to providing the investment community with an update on our value-creation initiatives next week on our investor update call and would encourage all current and prospective shareholders to attend."

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 60 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. The company owns 64 lighting and home decor websites For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

Preliminary Financial Results

The preliminary selected financial results in this press release are preliminary, are not a comprehensive statement of financial results for the quarter ended June 30, 2023, and are provided prior to completion of all internal and external audit review procedures and, therefore, are subject to adjustment. Actual results may vary from these estimates, and the variations may be material. Among the factors that could cause or contribute to material differences between the Company's actual results and expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: changes to the Company's financial results for the quarter ended June 30, 2023 due to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time that the Company's financial statements for the quarter are finalized and publicly released and other risks and uncertainties described above and in the Company's filings with the Securities and Exchange Commission.

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," "position," "potential," "predict," "probable," "project," "seek," "should," "target" "view," "will," or "would," or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words.

Such forward-looking statements include any statements regarding SKYX's sales, revenues, and SKYX's products becoming a new standard. 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. 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 in the forward-looking statements. Such risks and uncertainties include statements relating to the Company's ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its smart products and technologies, including commencement of presales, the Company's efforts and ability to drive the adoption of Sky's 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. Any forward-looking statement speaks only as of the date of this press release, 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.

Media Relations Contacts:
Britney Ouzts/Barbara Goldberg
O'Connell & Goldberg, Inc.
(754) 204-7074/ (954) 294-4677
bouzts@oandgpr.com / bgoldberg@oandgpr.com

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

Opgal, a World Leader in Optical Gas Imaging Solutions for the Oil and Gas Industry, Adds In-Camera Quantification Feature to Its Optical Gas Imaging Camera

Houston, TX, Aug 1, 2023 – (ACN Newswire) – Opgal, a world leader in Optical Gas Imaging solutions for the oil and gas industry, adds In-Camera quantification feature to its EyeCGas 2.0 Optical Gas Imaging Camera.

Opgal is announcing its added real time built in quantification as its latest addition to the EyeCGas 2.0 Optical Gas Imaging camera.

EyeCGas 2.0, is already the world's most technologically advanced OGI camera in the market. In addition, it's the only OGI camera in the market which provides software updates to its customers absolutely free of charge, without the need to purchase a new OGI camera. Now, with the addition of built-in real time quantification, it eliminates the need for third party quantification products, making LDAR inspections faster and more efficient.

"Our research and development experience in the past few years allowed us to better understand how to simplify the algorithm of our EyeCSite QOGI software on the tablet and move it into the camera without compromising the results; in fact, we were able to actually improve the accuracy." – Dr. Ram Hashmonay, Opgal Chief Innovation Scientist.

EyeCGas 2.0 is the world's most sensitive and durable handheld OGI camera. Detecting over 400 VOCs, Methane and CO2. EyeCGas 2.0 is Intrinsically Safe and complies with the EPA's "Quad Oa" (OOOOa) regulations. Using its wide range of features and functionalities, such as live streaming and replaceable spectral filters. It enables surveyors to scan large areas quickly and efficiently, and identify gas leaks while staying safe, allowing for quick repairs and reducing revenue loss.

"We are very excited to add this feature to our already technologically advanced OGI camera. This new feature will make LDAR inspections much more efficient than before, enabling leak surveyor to use less tools and be free to do more inspections with their time. Our motto is and will continue to be listening to our customers voices to strive our innovation." – Tsachi Israel, Opgal CEO

Opgal will hold a live webinar August 8th, 2023 called "The benefits of built-in OGI quantification", where we will go into details on this new innovation. Registration is available here: https://shorturl.at/jyzW2

To learn more about the EyeCGas 2.0, please visit www.opgal.com

About Opgal

Opgal is a global leader in cutting – edge optical gas imaging and environmental solutions. Since the development of the first EyeCGas OGI camera over 10 years ago, our product catalogue has increased to exceed the market requirements. With multiple solutions for all of the industries applications. Together with our partners and distributors in over 30 countries, we strive on taking our customers voices and turning it into innovations.

Contact Information
Ilana Fisher
Marketing Manager
info@opgal.com
97249953903

Related Files
ECG2 Product Highlights_V5.pdf https://cdn.newswire.com/files/x/8f/45/f4c333912d6580691f2ce4fa358b.pdf
Quantification_01.pdf https://cdn.newswire.com/files/x/2d/15/756aba36e380a6e856926f5bc54b.pdf

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

Apple’s Next-Gen AirPods Bring New Opportunities to the Industry Chain

HONG KONG, Jul 24, 2023 – (ACN Newswire) – Earlier this month, Bloomberg's Mark Gurman revealed Apple's plan to incorporate more health tracking features into its audio products.

According to Mark Gurman's newsletter, Apple is working on a new hearing test feature that will play different tones and sounds to allow the AirPods to determine how well users can hear and help them screen for hearing issues.

In addition, Mark Gurman revealed that Apple plans to add more health sensors to the AirPods hardware, such as measuring body temperature through the ear canal. This feature would allow AirPods to collect more accurate data than the Apple Watch Series 8 and Ultra models, which collect data through the wrist while users sleep, and expand the use to determine whether the wearer is experiencing cold or other illnesses.

Two years ago, Apple applied for a patent allowing temperature sensors to be integrated into handheld or wearable devices. Apple explicitly mentioned the applicability of this patent to earphones and other portable electronic devices. It is well known that Apple sets the trend for consumer electronics, and each iteration of its products tends to spark a wave of consumer enthusiasm. Based on Apple's historical release patterns for the AirPods series, the next generation of AirPods is expected to be launched in the fall of this year. Although the mentioned features still need to be determined to realize in the next AirPods, the relevant Apple suppliers are already taking action for it.

Currently, China's TWS earphone industry has developed a relatively mature supply chain structure with upstream component manufacturers, midstream ODM manufacturers and downstream brand manufacturers, many of which are public-listed companies. On the smartphone manufacturer side, Android-based TWS products are experiencing shorter update cycles, with approximately 2-3 months between the release of new models.

At present, manufacturers in China, such as Honor and Vivo, have already launched wireless earphone products with temperature measurement capabilities. This indirectly confirms the industry supply chain's achievements in China and shows the potential to support the realization of features like temperature monitoring in Apple's next AirPods.

According to Chinese media, Luxshare Precision, one of the leading companies in the consumer electronics industry in China, disclosed in its 2022 annual report that the project of "R&D of TWS headset body temperature monitoring and heart rate monitoring functions" is completed.

According to the public document, Luxshare Precision currently presents in three major areas: consumer electronics, automotive electronics, and communication electronics. Luxshare Precision obtained the core component supply and assembly qualification for Apple's AirPods in 2017. Until now, it still holds the highest share of production orders for Apple's AirPods.

Luxshare Precision is not the only dominant player in the market. It is saying that the leading earphone automation production technology in China is only mastered by Luxshare Precision and Goertek, and it may take about 5 years for other earphone suppliers in China to catch up. In addition, Foxconn is another competitor for AirPods orders.

However, Apple has set extremely high standards for its supply chain. In November 2022, Goertek issued a risk warning, stating that the company had received a notification from a major overseas customer to suspend production of one of its intelligent acoustic products. It is assumed that the lost order is from Apple's AirPods Pro.

After Apple removed the 3.5mm earphone jack from the iPhone 7 in 2017, the TWS earphone market experienced rapid growth. In 2021, global shipments of TWS earphones reached 300 million units. In 2022, the number of total shipments was 288 million units.

In 2022, Apple's TWS earphone shipments reached 91 million units, capturing a global market share of 31.8%. Despite the flourishing wireless earphone market with numerous players, Apple, as the pioneer, still holds significant influence in terms of market share.

From the perspective of development trends, Apple's every new function upgrade will stimulate market consumption, and companies involved in the supply chain, such as Luxshare Precision, Goertek, and Foxconn, are also likely to benefit from Apple's success.

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

IBO Technology Intends to Invest in Xingang Electronics

HONG KONG, Jul 5, 2023 – (ACN Newswire) – IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; stock code: 2708.HK) is pleased to announce that the Group has entered into a letter of intent with Mr. Teng Da Cheng to invest in Shandong Xingang Electronic Technology Company Limited* ("Xingang Electronics"), strengthening the Group's capabilities in the PRC's electronic cigarette field and facilitating the Group's in-depth deployment in the electronic cigarette market in the PRC.

Mr. Teng Da Cheng is the largest shareholder of Xingang Electronics, holding 49.9% equity interest. Founded in 2001 and headquartered in Weifang, Shandong, Xingang Electronics is mainly engaged in the research and development ("R&D"), production and sales of capacitive/digital switch type airflow sensors, disposable/rechargeable functional airflow sensors, MEMS airflow sensors, electronic, cigarette controller "customised" modules, ECM microphones and MEMS sensors. Xingang Electronics is a professional acoustic device and MEMS sensor product total solution provider and a leading high and new technology enterprise in the field of ECM microphone and MEMS sensor in the PRC. Xingang Electronics sets up R&D centres in Singapore, Beijing, Shenzhen and Qingdao, and has reached strategic cooperation with Chinese Academy of Sciences, Singapore Science and Technology Bureau, Shandong University and Jilin University to build R&D platforms for MEMS microphone /MEMS sensor, equipped with more than 70 technical patents and 100 proprietary technologies, as well as a team of dozens of experts and more than 40 R&D engineers.

Subject to the Group conducting financial, legal and business due diligence on Xingang Electronics and being satisfied with the results, the Group intends to acquire equity interest in Xingang Electronics held by Mr. Teng Da Cheng at a price with reference to valuation of not exceeding 20 times of the annual net profit of Xingang Electronics. Xingang Electronics intends to establish and complete an offshore red chip structure in which Mr. Teng Da Cheng will hold an indirect shareholding in Xingang Electronics through an offshore holding company. After the completion of the offshore red chip structure, the Group has the right to choose to issue shares, convertible bonds, promissory note and cash or such other instrument of the Company to satisfy the consideration. The issue price of the consideration shares or conversion price of the convertible bond shall not be higher than HK$0.75 per share.

Subsequent to the earlier announcement of investment in Hangzhou Yixin Micro Technology Co., Ltd.* ("Hangzhou Yixin"), a company that integrates the research and development, production and sales of constant pressure and constant power airflow sensing chips and the appointment of Mr. Zhong Zhi Xiong, who has extensive industry knowledge and solid management experience in the electronic cigarette industry in the PRC, as co-chief executive officer, the Group announced its intention to invest in Xingang Electronics, which has strong capability in the PRC's electronic cigarette field, demonstrating its determination to invest in the development of electronic cigarette business in the PRC. The Group develops related business with a multi-pronged approach, and it will help the Group quickly build a solid foundation for future growth and capture golden opportunities in the industry.

Mr. LAI Tse Ming, Chairman and Executive Director of IBO Technology, said, "Being actively committed to diversified business development is the Group's vision in the future, and the electronic cigarette business in PRC will be one of the Group's business focuses. We are pleased to have entered into a letter of intent with Mr. Teng Da Cheng to invest in Xingang Electronics, and we are confident that Xingang Electronics will maintain an expedited development and strengthen its presence in the PRC's electronic cigarette market, thus gradually developing into a world-class provider of electroacoustic/sensor integrated solutions. Looking forward, we strive to continuously identify suitable investment targets in the market with high technology level and huge development potential, such as Hangzhou Yixin and Xingang Electronics. Adhering to the principle of promoting high-quality growth, the Group will step up its efforts in the deployment in the electronic cigarette market in the PRC, to promote the growth of its business scale."

About IBO Technology Company Limited
IBO Technology Company Limited (Stock code: 2708.HK), a leading digital solutions provider, is principally engaged in providing 5G communication equipment and private network solutions, ITAI terminal products and industry solutions, IoT products and solutions, as well as industrial digital solutions in the PRC. The Group's businesses mainly cover four areas, namely (i) intelligent terminal products sales; (ii) system integration; (iii) software development; and (iv) system maintenance services. With nearly 20 years penetration in the IoT industry, the Group serves customers from both the public and private sectors in the PRC, including government authorities, large-scale state-owned enterprises and private enterprises. On 29 May 2023, IBO Technology Company Limited announced an investment in Hangzhou Yixin Micro Technology Co., Ltd.*, in order to commence chip manufacturing business.

For more details, please visit: http://www.ibotech.hk/

* The English name is not the official name and is translated for reference purpose only.

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

IBO Technology Appoints New Management

HONG KONG, Jul 4, 2023 – (ACN Newswire) – IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; stock code: 2708.HK) announces the appointment of Mr. Zhong Zhi Xiong and Mr. Jin Zi as co-chief executive officer and independent non-executive Director respectively, with effect from 3 July 2023.

Mr. Zhong Zhi Xiong has extensive industry knowledge and solid management experience in the electronic cigarette industry in the PRC, and he is also a top management talent in the relevant industry. He has been the general manager of Shenzhen CCMIC Electronics Co., Ltd. Since April 2018, and has been involved in the fields of pre-filled atomised electronic cigarettes, pre-filled HNB electronic cigarettes, semiconductor/integrated circuits in the electronic cigarette industry, automotive supplies, office supplies, e-commerce and other industries 0-1 or equity investment, A shares and secondary market in Hong Kong and the United States. With his relevant experience in the electronic cigarette industry in PRC and his outstanding leadership skills, Mr. Zhong Zhi Xiong will help the Group speed up its development of electronic cigarette industry in the PRC, thus continuously making a big step forward despite the challenges ahead.

Recently, the Group has been actively exploring the highly potential electronic cigarette industry in the PRC, with a view to diversifying the development of its hardware business. On 29 May 2023, the Group announced an investment of an amount in RMB which is equal to HK$40 million (equivalent to RMB36,035,600) in 5.00% of the share capital of Hangzhou Yixin Micro Technology Co., Ltd.* ("Hangzhou Yixin"), a company that integrates the research and development, production and sales of constant pressure and constant power airflow sensing chips. Hangzhou Yixin holds a number of patents on constant pressure and constant power airflow sensing chips. The Group is entitled to further invest in Hangzhou Yixin to hold 35% to 46% of its share capital and become its controlling shareholder in the future. The "airflow sensing chip" is one of the main components of electronic atomisation equipment, while the Group plans to increase its investment in the PRC's electronic cigarette market through further investment in Hangzhou Yixin, in order to capitalise on the growth potential of relevant business and broaden the source of revenue. The appointment of Mr. Zhong Zhi Xiong will facilitate the Group's in-depth deployment in the electronic cigarette market in the PRC and the identification of more suitable business partners, thus reinforcing the rapid development of relevant business and building a solid foundation for future development.

Mr. Jin Zi has extensive experience in asset management, global asset allocation, investment advisory and research on global macro and investment strategies. Mr. Jin Zi is the co-founder of Coronation Capital Limited in October 2020 and is currently the responsible officer of Coronation Capital Limited since December 2021. In the past, Mr. Jin Zi was an analyst at the Royal Bank of Scotland (Formerly ABN Amro Bank), provided trading support in Commerzbank AG and acted as the executive director of J.P. Morgan Chase Bank, Private Banking. The management believes that his new role will help the Group maintain good corporate governance, while his acumen in macroeconomics will provide the Group with a constructive strategic direction, thus leading the Group towards more remarkable developments.

Mr. LAI Tse Ming, Chairman and Executive Director of IBO Technology, said, "2023 is a golden period for the Group's diversified business development. We are pleased to welcome Mr. Zhong Zhi Xiong and Mr. Jin Zi to the Group. We are confident that they will lead the Group to a new milestone, meanwhile their extensive industry experience will bring new impetus to the Group and strengthen the management team. Looking forward, the Group will continue to operate under prudent commercial principles, whilst stepping up its effort in the PRC's electronic cigarette industry and turning it into one of the Group's business focuses. We expect that the new business will complement the Group's existing businesses to form a complete business model and industrial ecosystem, promoting the Group to grow its business scale on the one hand, and creating a unique core strength on the other."

About IBO Technology Company Limited
IBO Technology Company Limited (Stock code: 2708.HK), a leading digital solutions provider, is principally engaged in providing 5G communication equipment and private network solutions, ITAI terminal products and industry solutions, IoT products and solutions, as well as industrial digital solutions in the PRC. The Group's businesses mainly cover four areas, namely (i) intelligent terminal products sales; (ii) system integration; (iii) software development; and (iv) system maintenance services. With nearly 20 years penetration in the IoT industry, the Group serves customers from both the public and private sectors in the PRC, including government authorities, large-scale state-owned enterprises and private enterprises. On 29 May 2023, IBO Technology Company Limited announced an investment in Hangzhou Yixin Micro Technology Co., Ltd.*, in order to commence chip manufacturing business.

For more details, please visit: http://www.ibotech.hk/

* The English name is not the official name and is translated for reference purpose only.

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

IBO Technology Announces FY2022/23 Annual Results

HONG KONG, Jul 3, 2023 – (ACN Newswire) – IBO Technology Company Limited ("IBO Technology" or the "Company", together with its subsidiaries, the "Group"; stock code: 2708.HK) announces the audited consolidated annual results for the year ended 31 March 2023 (the "Year"). The Group has been actively diversifying the development of its hardware business and announced the commencement of chip manufacturing business in May this year. This business is expected to complement the Group's three major businesses, namely 5G (communication equipment and private network solutions), Information Technology Application Innovation ("ITAI") IT (terminal products and industry solutions) and Internet of Things ("IoT") (products and solutions), to form a complete business model and industrial ecosystem.

During the Year, domestically, widespread lockdown and historic downturn in the property market were caused by the Outbreak of the 2019 Coronavirus (the "Pandemic"). Internationally, the Russian-Ukrainian war and the trade tension between China and the United States posed a huge impact on the international situation. The overall economic environment in the PRC was stagnant in the second half of the year, and a number of industries, including those in which the Group and the Group's customers operate, were inevitably affected to varying degrees. In order to maintain a healthy financial position, the Group took a prudent and pragmatic approach to its businesses in the second half of the Year, rather than blindly pursuing growth in business scale. Therefore, the Group recorded a revenue of approximately RMB907.27 million (FY2021/22: approximately RMB1,046.30 million), a gross profit of approximately RMB93.90 million (FY2021/22: approximately RMB178.60 million) and a gross profit margin of 10.3% (FY2021/22: 17.1%). In addition, since the impairment losses increased substantially year-on-year, no gain on change in fair value of derivative component of the convertible bonds was recorded and foreign exchange losses were recorded during the Year, loss attributable to owners of the Company for the Year was approximately RMB243.56 million (FY2021/22: profit attributable to owners of the Company of approximately RMB14.66 million).

Importance of the ITAI Industry continues to rise, while 5G development enters a critical period
With the rapid development of information technology, practical applications are expanding to include information security, cloud computing, big data, artificial intelligence and industrial internet, etc., the ITAI industry has become the top priority in the development of national strategies. In order to continuously improve and expand the development of the ITAI industry, the central government has continued to introduce relevant supporting policies and development strategies, meanwhile repeatedly mentioning the need to safeguard its national security in meetings.

Leveraging favorable policies, 5G technology has been developing in the PRC, and the industry application scenarios have been broadening, becoming a new engine in the construction of "Digital China". In order to continue to stimulate new vitality in 5G application innovation and achieve continuous breakthroughs in the depth and breadth of 5G applications, the central and local governments have been strengthening their support and introducing supportive policies, thereby steadily advancing the construction of 5G base stations.

General market conditions were poor in China, with multiple businesses being affected to varying degrees
Intelligent terminal products sales business is the largest contributor to the Group's revenue, accounting for 92.9% of its total revenue for the Year. During the Year, the Group continued the development, production and sales of customised IoT smart terminals to customers. Revenue from the intelligent terminal products sales business only recorded a year-on-year decrease of approximately 5.5% to approximately RMB842.61 million (FY2021/22: approximately RMB891.37 million), despite the poor general market conditions in China during the Year.

Regarding system integration business, based on the analysis and assessment of customers' needs, the Group provides customers with integrated and customised system solutions based on IoT and related technologies, including overall system planning, development and design, system equipment procurement, system software and hardware equipment integration, system implementation, pilot runs, as well as system management and maintenance. The Group's revenue from the system integration business is derived from one-off projects with fluctuating revenue as compared to other segments. Affected by the suspension of operation and production in a number of industries last year, the Group's system integration business recorded a revenue of approximately RMB0.43 million for the Year (FY2021/22: approximately RMB39.82 million).

With regard to software development business, the Group plans and designs the software system frameworks and function lists for customers, and also provides customised software application development services based on their business and management needs. Leveraging on its strong software development capabilities, the Group has been providing quality software application development services to serve customers in different industries for many years. The Group's software development business recorded a revenue of approximately RMB52.46 million for the Year (FY2021/22: approximately RMB104.23 million).

As for system maintenance services business, the Group provides software and hardware system maintenance services for information systems, including system equipment maintenance and management, database maintenance, daily system monitoring and system upgrade, etc. Given that the system maintenance services business is less affected by external factors and has already built a strong customer loyalty, the segment revenue increased by 8.2% year-on-year to RMB11.77 million (FY2021/22: approximately RMB10.88 million).

Actively investing in the development of the PRC chip manufacturing through investment in Hangzhou Yixin
With the gradual recovery of our economic environment, the Group will continue to diversify the development of its hardware business. On 29 May 2023, the Group announced an investment of an amount in RMB which is equal to HK$40 million (equivalent to RMB36,035,600) in 5.00% of the share capital of Hangzhou Yixin Micro Technology Co., Ltd.* ("Hangzhou Yixin"), a company that integrates the research and development, production and sales of constant pressure and constant power airflow sensing chips. Hangzhou Yixin holds a number of patents on constant pressure and constant power airflow sensing chips. The Group is entitled to further invest in Hangzhou Yixin to hold 35% to 46% of its share capital and become its controlling shareholder in the future.

The "airflow sensing chip" is one of the main components of electronic atomisation equipment and is in enormous demand in the electronic atomisation equipment market. PRC's electronic atomisation equipment industry is one of the sectors that is bucking the trend of growth during the Pandemic, and the number of patent applications related to electronic atomisation equipment has continued to rise in recent years, reflecting the industry's favourable development towards high technology. Looking ahead, the Group is optimistic about the future of the chip manufacturing market in the PRC and plans to increase its investment in the chip manufacturing market through further investment in Hangzhou Yixin. With the recovery of the current economic environment, the Group is keen to capitalise on the growth potential of Hangzhou Yixin in the relevant business areas and accelerate its exploration of the chip manufacturing sector, thereby broadening the source of revenue.

Mr. LAI Tse Ming, Chairman and Executive Director of IBO Technology, said, "There are close connection and synergy among our three major business segments in the aspects of underlying technology, application technology, supply chain, project and business model. In addition, the new chip manufacturing business also complements the three major businesses to form a complete business model and industrial ecosystem. The strong synergy between the businesses will help optimise the Group's strengths and comprehensive technological capabilities, promoting the Group to grow its business scale on the one hand, and creating a unique core strength on the other, thereby providing one-stop industrial digital solutions to customers in different industries and seizing golden opportunities in the fast-growing market. Looking forward, the Group will continue to operate under prudent commercial principles and pay close attention to the latest market developments, striving to create long-term and stable returns for our shareholders."

About IBO Technology Company Limited
IBO Technology Company Limited (Stock code: 2708.HK), a leading digital solutions provider, is principally engaged in providing 5G communication equipment and private network solutions, ITAI terminal products and industry solutions, IoT products and solutions, as well as industrial digital solutions in the PRC. The Group's businesses mainly cover four areas, namely (i) intelligent terminal products sales; (ii) system integration; (iii) software development; and (iv) system maintenance services. With nearly 20 years penetration in the IoT industry, the Group serves customers from both the public and private sectors in the PRC, including government authorities, large-scale state-owned enterprises and private enterprises. On 29 May 2023, IBO Technology Company Limited announced an investment in Hangzhou Yixin Micro Technology Co., Ltd.*, in order to commence chip manufacturing business.

For more details, please visit: http://www.ibotech.hk/

* The English name is not the official name and is translated for reference purpose only.

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

TANAKA Precious Metals to Exhibit at SEMICON China 2023 International Semiconductor Exhibition to be Held in Shanghai, China

TOKYO, Jun 20, 2023 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which develops the manufacturing business of TANAKA Precious Metals, announced that it will exhibit at SEMICON China 2023, an international semiconductor exhibition to be held in Shanghai, China on June 29 to July 1, 2023. At this exhibition, we will exhibit panels showing precious metal products related to semiconductors – such as various types of plating solutions, bonding wires, and precious metal pastes – for which demand is expected to continue to grow in China's semiconductor market. We will also be exhibiting for the first time TK-FS, a new alloy for probe pins that was announced in April 2023.

Conceptual image of exhibition booth

For plating solutions, which have high demand in China, TANAKA Precious Metals contributes to the manufacturing of compound semiconductors by providing the environmentally friendly non-cyanide gold plating process instead of the cyanide gold plating process. In the past, products imported from Japan were offered in China, but now, the same products can be produced and supplied locally by group company Metalor Technologies (Suzhou) Limited using precious metal materials from China.

In addition, TK-FS – which is being exhibited for the first time – is a product that allows the same material to be used in a wide range of probe pins for semiconductor test equipment. With the spread of the IoT today, semiconductors are becoming necessary not only in electronic devices but also in a broad range of fields, such as automobiles and home appliances. In particular, the demand for power semiconductors is expected to grow.

TANAKA Precious Metals engages in business globally as a manufacturer specializing in precious metals and, above all, boasts the world's highest market shares for bonding wires. In China, TANAKA Precious Metals has earned trust as a precious metal professional group by supplying products of high reliability that were made in Japan.

TANAKA Precious Metals aims to contribute toward the growth of China's semiconductor market – which is expected to continue to expand in the future – by continuing the technological development of precious metal materials for semiconductor devices.

SEMICON China 2023 Exhibition Outline

– Exhibition Title: SEMICON China 2023
– Dates: Thursday, June 29-Saturday, July 1, 2023, 9:00-17:00 *China local time (until 16:00 on July 1)
– Venue: Shanghai New International Expo Centre (Suzhou, China)
– Official Site: https://www.semiconchina.org/ *Only English and simplified Chinese sites are available
– Exhibitor: TANAKA Kikinzoku International (Shanghai) Co., Ltd. (A TANAKA Kikinzoku Kogyo K.K. overseas office) and Metalor Technologies (Suzhou) Limited.
– Booth Number: E2152
– Main Products Shown on Panels: Products for semiconductors, such as various types of plating solutions, TK-FS, bonding wires, and precious metal pastes

Product Name: Various types of plating solutions
Outline: Various types of plating solutions are offered according to the application, including the MICROFAB series of non-cyanide gold plating processes excellent for fine pattern formation on wafers, the PRECIOUSFAB series of corrosion-resistant platinum plating solutions, and the GALVANOMEISTER gold-tin alloy plating which can be expected to reduce costs as a replacement for lead-free solder. For equipment, panels will introduce the RAD-Plater experimental equipment and the fully automated POSFER.

Product Name: TK-FS
Outline: This is a material that can be used in a wide range of types of probe pins besides pogo-pin types, such as cantilever-type or vertical-type for wafer testing (pre-processing) probe cards. With three unique attributes – a Vickers hardness of at least 500, specific resistance of at most 7.0 micro ohm-cm, and durability that can withstand 10 or more times of repeated bending – this material can be used in various types of probe pins.

Product Name: Bonding wires
Outline: These are precious metal products essential for electrically connecting electronic components – such as integrated circuits, transistors, semiconductors, and printed circuit boards – used in electronic devices. The full lineup will be introduced at this exhibition, centering on gold bonding wires for flash memory and aluminum wires, ribbons, etc. for power devices.

Product Name: Precious metal pastes
Outline: Precious metal pastes, powders, and conductive adhesives are widely used in various applications, such as circuitry and semiconductor die bonding. In particular, due to the rising demand for pastes with high thermal cooling in the markets for lead-free products, automotive power devices, and optical devices for LEDs, the lineup of various silver pastes will be introduced.

TANAKA Kikinzoku Kogyo K.K.

Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,429 (including overseas subsidiaries) (March 31, 2022)
Sales: 389,646,820,000 yen* (FY2021)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
* Due to the adoption of the Accounting Standard for Revenue Recognition from FY2021, the net amount is given for the net sales of some transactions.

About TANAKA Precious Metals

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

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.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

This press release in PDF: http://www.acnnewswire.com/docs/files/20230620_EN.pdf

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

Graid Technology Awarded Prestigious COMPUTEX 2023 Best Choice Golden Award for SupremeRAID Revolutionary GPU-based RAID Controller

SANTA CLARA, CA, Jun 2, 2023 – (ACN Newswire) – Graid Technology, makers of the revolutionary next-generation NVMe RAID controller SupremeRAID(TM) has been awarded the prestigious COMPUTEX 2023 Best Choice Golden Award, presented by President Tsai Ing-wen.

David Tseng for Graid Technology

COMPUTEX, the annual B2B technology exhibition in Asia, debuted in TaiNEX on May 30, 2023. The event hosts the annual official Best Choice Award competition, judged by a professional jury, which recognizes unique and innovative products. It serves as an important reference index for international buyers.

SupremeRAID is a software-defined solution deployed on a GPU for maximum SSD performance without consuming CPU cycles. Unlike traditional RAID, which bottlenecks performance and reduces ROI on NVMe SSD spend, SupremeRAID employs unique out-of-path RAID technology so data travels directly from CPU to storage to deliver maximum SSD performance, comprehensive data protection, and unmatched flexibility. This revolutionary technology helped Graid Technology charm the jury and take home the prestigious COMPUTEX 2023 Best Choice Golden Award in the Peripherals & Accessories category.

The awards announcement was made in advance of COMPUTEX 2023, one of the world's largest computer and technology events, taking place from May 30 to June 2, 2023. The Best Choice Award is an official COMPUTEX award that offers invaluable guidance to procurement professionals. The award recognizes exceptional products and technologies across various categories, carefully assessed by a panel of esteemed industry experts. Nominees are scrutinized based on innovation, functionality, and market potential, making the Best Choice Award a coveted recognition of excellence in the ICT industry.

The COMPUTEX judges commented, "SupremeRAID shows the advantage of delivering data integrity while maintaining the original 100% high performance of NVMe. Its key technology lies in the efficient management of virtualized memory devices. From the software developer's point of view, SupremeRAID is compatible with the SSD interface and improves overall I/O performance. SupremeRAID can be utilized in AI/ML and in data centers."

"We are deeply honored that Graid Technology has been recognized with the Best Choice Golden Award. This recognition is a testament to our unwavering commitment to tech innovation and aesthetic design," said Leander Yu, President and CEO of Graid Technology. "We will continue to push the boundaries of innovation to deliver the speed, flexibility, and unmatched TCO the market demands for the future of high-performance workloads in cutting-edge data centers."

WHERE TO FIND Graid Technology @ COMPUTEX TAIPEI 2023:
Date: Tuesday, May 30 – Friday, June 2, 2023
Time: 9:30 to 17:30
– Graid Technology Booth I1131a
– Gigabyte Booth K0116
– MSI Booth L0818
– ASUS Booth M0810
– ASRockRack Booth L0609
– Tyan Booth M0701a

About Graid Technology

Graid Technology Inc. is redefining performance standards for high-performance data protection. 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. For more information, visit Graid Technology or connect 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 Brochures and Specs_April 2023.pdf https://cdn.newswire.com/files/x/0f/46/08a9093101d4f2c5a650f914f6ac.pdf
SupremeRAID SR-1000 Brochures and Specs_April 2023.pdf https://cdn.newswire.com/files/x/52/ed/3c940d6d6d9dff44f53cf22d8455.pdf

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

Analog Devices Further Strengthens its South-East Asia Operations with New Singapore Facility

SINGAPORE, May 31, 2023 – (ACN Newswire) – Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced the launch of a new state-of-the-art, environmentally friendly, 38,951 sq. ft. facility in Singapore. Located within the Kallang Industrial Park, the facility is planned to serve as a central hub for the more than 200 employees working in Singapore in key divisions of the company, including research and development, test engineering, sales, and manufacturing. ADI established its first location in Singapore in 1995 and has steadily grown its operations and workforce since then. This new strategic investment aligns with the company's global expansion plans, which include enhancing its capabilities in the Asia Pacific region.

"Our new facility is an important milestone in ADI's global growth strategy," said Jerry Fan, President of Asia for ADI. "Enhancing our capabilities in Singapore is vital to leveraging the country's superb talent pool and advanced manufacturing capabilities to serve our regional and global customers' needs. Our investment reinforces ADI's presence within Singapore's thriving semiconductor ecosystem, which is supported by the nation's digital growth initiatives."

The new facility features a more spacious and advanced laboratory to foster interaction between the research and development team as well as customers in the region. Through this forum for the exchange of ideas, ADI and its customers plan to deepen their collaboration and deliver innovative products for the Intelligent Edge. In addition, a dedicated space has been allocated for test development purposes within the new facility, custom-tailored to accommodate multiple automated test equipment (ATE) stations. These on-site testing stations are designed to enable faster initial testing of ADI's state-of-the-art products and accelerate the timeline of ADI engineering's ability to meet customers' toughest challenges.

Fan continued, "Customer intimacy, business strategy, engineering processes, manufacturing capabilities, and problem-solving are essential for creating long-term value for our customers. We are confident the environment within our new facility will help us deliver the kind of innovation that leads to breakthrough products and services, and we believe it will have a lasting impact on the region's ongoing digital transformation journey."

Location selection and build criteria for the site prioritized accessibility and sustainability. The new office is bicycle-friendly, close to public transportation, and is directly accessible via expressways. Recyclable materials were used throughout construction, and energy efficient AC, lighting, and water systems are all part of its advanced building automation system. Low carbon footprint materials were an integral part of the biophilic interior design. The office building is Green Mark Platinum-certified and expected to get LEED Gold certification by July 2023.

About Analog Devices, Inc.

Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $12 billion in FY22 and approximately 25,000 people globally working alongside 125,000 global customers, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn (www.linkedin.com/company/analog-devices) and Twitter (https://twitter.com/ADI_News).

CONTACT:
Karen Ow
karen.ow@analog.com
+65 6427 89493
Analog Devices Singapore

All trademarks and registered trademarks are the property of their respective owners.

Forward Looking Statements
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as "anticipates," "expects," "intends," "goals," "plans," "believes," "seeks," "estimates," "continues," "may," "will," "would," "should," "could," "strives," "designed," and variations of such words and similar expressions are intended to identify such forward-looking statements. In addition, statements that refer to plans for our facility in Singapore; global expansion plans, business strategy and enhancing capabilities in the Asia Pacific region; manufacturing capabilities; hiring and leveraging talent; research and development plans, acceleration of research and development, testing capabilities and delivery of innovation, products and services; collaboration with customers and serving our customers' needs; creation of long-term value; impact on the region; providing an environmentally friendly facility and prioritizing sustainability; and other characterizations of future events or circumstances are forward-looking statements. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update any forward-looking statement.

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

Photonis Expands Market-Leading Mass Spectrometry Detection Technology

STURBRIDGE, MA, May 24, 2023 – (ACN Newswire) – Photonis has announced that the company will be exhibiting at the 71st American Society for Mass Spectrometry (ASMS) Conference on Mass Spectrometry and Allied Topics, taking place June 4 – June 8, 2023, at the George R. Brown Convention Center in Houston, TX.

ASMS

Photonis can be found at booth 407 in the exhibitor hall. Attendees are encouraged to meet and speak to the company's diverse team of technical experts and learn more about how their industry-leading MS Detection Technology will benefit new applications in Mass Spectrometry due to unprecedented performance levels.

At this occasion, Photonis, the leaders in Time-of-Flight (TOF) detection technologies, will showcase their latest advancements in TOF detection with additions to their existing detector platforms – the APTOF and BPTOF Series.

Photonis presents the APTOF A300, a capacitively-coupled, compact assembly detector designed for small footprint and/or benchtop TOF systems. The APTOF A300 integral AC-coupled high voltage isolation prevents damage to the digitizer and provides MS Instrument manufacturers with significant cost savings.

In parallel, the company will introduce the BPTOF B380, an optically coupled Bi-Polar TOF detector with never-before-seen lifetime benefits, based on a patented technology from Photonis.

Ulrich Laupper, President and General Manager of Photonis' Ultimate Detection Business Unit: "We are excited to introduce the next generation of Time-of-Flight detection technology at this year's ASMS Conference. Photonis is committed to extensive investments into Research and Development activities in order to provide our industry partners market-leading detector solutions. The APTOF A300 and BPTOF B380 provide mass spectrometry instrument manufacturers an unmatched cost-of-ownership value proposition. In addition, it also enables them to offer new advanced applications to their end users. We are very proud to be part of the ASMS community and contribute to advance science and quality of life with our technologies."

Photonis' Time-of-Flight detectors support some of the world's most sensitive TOF-MS applications. Their patented technologies and distinct Microchannel Plates ensure optimum temporal resolution, excellent mass sensitivity, unmatched lifetime and superb dynamic range; enabling mass spectrometers to be optimized with the best detector on the market, no matter the analysis requirements. Photonis specializes in working in partnership with TOF-MS Instrument designers to understand the requirements needed in each instrument to provide the longest-lasting, accurate detectors specifically designed for each instrument.

About Photonis

Photonis is a market-leading provider of technologies used in the detection and amplification of photons, ions, electrons, and neutrons. We innovate and engineer the highest quality technology solutions for integration into a wide variety of applications, such as mass spectrometry, night vision optics, digital cameras, nuclear instrumentation, life-science and physics research, space exploration, and many others. With over 80 years of experience in partnering with our customers to provide the world's leading detection systems, Photonis has the experience to meet the specific challenges of the many markets we serve. For more information, please contact us or visit us at booth #407 during the conference.

Contact Information
Nicole Poirier
Marketing Manager
n.poirier@usa.photonis.com

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