PowerUP Asia 2023 Opens Tomorrow with Power Electronics Trends in Focus

TAIPEI, TW, May 23, 2023 – (ACN Newswire) – The inaugural PowerUP Asia, organized by AspenCore, publisher of EETimes Asia, EETimes India, and EDN Asia, opens tomorrow with the latest power electronics topics, including wide-band gap (WBG) devices such as gallium nitride (GaN) and silicon carbide (SiC), power semiconductors, and related technologies, in focus.

With the theme Spotlight on Asia’s Power Electronics Innovations, Trends, and Developments, PowerUP Asia is a three-day virtual conference and exhibition (May 24-26, 2023) highlighting the latest technology developments, challenges, and opportunities in the power electronics sector.

PowerUP Asia builds on the success of the established PowerUP Expo, a virtual conference and exhibition being held by Power Electronics News. Focusing on trends and innovations in this region, speakers include:

Francesco Muggeri, Vice President of Marketing & Applications, Power Discrete & Analog, APeC/China, STMicroelectronics, WBG Technologies Toward Sustainability
Alex Lidow, CEO and Co-Founder, Efficient Power Conversion (EPC), GaN Evolution – The Present and the Future
Stephen Coates, General Manager (Asia) and VP of Global Operation, GaN Systems, GaN is Pushing the Boundaries of Power Density and Efficiency
Jacky Wan, Vice President, Supplier Management & Engineering – APAC, Arrow Electronics, and Jason Khor, Senior Manager, Engineering, Arrow Electronics, Powering the Future: The Rise of Wide Bandgap Materials in Industrial, Automotive, and Renewable Energy Applications
Andrea Bricconi, Chief Commercial Officer, Cambridge GaN Devices, Powering Up the Future with GaN: Why and How GaN is Replacing Silicon in Power Conversion
Dr. Ravinder Pal Singh, Product Application Engineer, Infineon Technologies, Wide Bandgap Devices for a Greener Future
Daryl Wan, Regional Sales Director, India, ASEAN, ANZ, Analog Devices Inc., Power to Unleash Your Innovations
Mark Gerber, Sr. Director, Engineering & Technical Marketing, ASE Inc., Advanced Packaging: Enabling Greater Power Efficiency
Hyungmook Choi (Michael Choi), VP of Power Business Development, UTAC Group, Revolutionizing the Semiconductor Market: Preparing for Future Growth in Automotive, AI, and HPC with Innovative Package Development for SiC, GaN, and Silicon Devices
Gabriel Rojas, Application Engineer, Rohde & Schwarz, Best Practice on Probing with High Voltage Differential Probes
Alvin Tan, Senior Marketing Manager, NXP Semiconductors, NXP EVSE Solutions for the Future

Spotlight on WBG

The WBG market has experienced expansion and rising industrial acceptance. As technology advances, businesses are creating a wide range of products that offer advantages in a number of applications for the industrial, automotive, and consumer industries, among others. Devices such as GaN and SiC are supplying the market with the proper input by offering fresh solutions to the challenges that designers confront in an era where “efficiency” is the watchword.

At PowerUP Asia, a panel of industry experts from some of the leading companies focusing on GaN and SiC technologies will discuss the challenges that engineers currently face in a variety of application contexts, as well as the obstacles that still need to be removed for widespread adoption, to produce improved performance and lower costs that will benefit the industry as a whole.

With the theme “Recent Advances and Upcoming Challenges for Wide Bandgap Semiconductors,” the panel discussion will be moderated by Eng. Maurizio Di Paolo Emilio, Ph.D., Editor-in-Chief of Power Electronics News and EEWeb, will feature the following panelists:

Andrea Bricconi, CCO, Cambridge GaN Devices
Thierry Bouchet, CEO, Wise Integration
Stephen Coates, General Manager (Asia) and VP of Global Operation, GaN Systems Inc.
Amitava Das, Co-Founder & COO, Tagore Technology
Pete Losee, Director of Technology Development, Qorvo Inc.
Francesco Muggeri, Vice President of Marketing & Applications, Power Discrete & Analog, APeC/China, STMicroelectronics

For more information and to register, visit https://ve.eetasia.com/powerup2023.

About AspenCore

AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today’s engineers.

We reach over 15 million technologists, designers, engineers, and managers. We connect this electronics community to reliable news, authoritative analysis, industry trends, and daily information on new technology.

Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.

For more information, visit https://aspencore.com.

Contact Person
Celia Shih
Marketing Manager
Taiwan/ASEAN Marketing and Circulation Department
T: +886 227591366 Ext. 103/222
E: celia.shih@aspencore.com

Trenton Systems and Graid Technology Partner to Deliver Cutting-Edge HPC Solutions for Mission-Critical Sea, Land, Air, Space, & Cyberspace Applications

SANTA CLARA, CA, May 18, 2023 – (ACN Newswire) – Graid Technology, creators of award-winning SupremeRAID GPU-based RAID for PCIe 3, 4, and 5 deployments, today announced its partnership with Trenton Systems. US-based Trenton Systems is a leading designer and manufacturer of ruggedized, cybersecure, made-in-USA computer systems for defense, aerospace, test and measurement, industrial automation, and other major industries.

Trenton Systems and Graid Technology aim to deliver secure HPC solutions that survive, thrive, and synergize at the tactical edge. SupremeRAID is a software-defined data protection 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.

"We are pleased to partner with Trenton Systems to deliver next-generation NVMe/NVMeoF storage solutions that offer a significant performance boost to real-time, mission-critical artificial intelligence (AI) and machine learning (ML) systems at the edge, as well as enabling maximum flexibility, best-in-class data protection, and superior SSD performance for high-intensity workloads," said Leander Yu, President and CEO of Graid Technology.

"Trenton Systems is proud to partner with Graid Technology to provide our military, commercial, and critical infrastructure personnel with HPC solutions that eliminate traditional RAID bottlenecks and unleash the full power of high-performance edge computing," said Yazz Krdzalic, VP of Marketing at Trenton Systems. "With SupremeRAID and NVMe SSDs, Trenton Systems and Graid Technology can deliver a true end-to-end solution that processes, analyzes, stores, and delivers critical intelligence in seconds to increase awareness and reduce response times."

Learn more about SupremeRAID here or contact Trenton Systems for product information and availability. https://www.graidtech.com/

About Trenton Systems

Trenton Systems is a trusted computing innovator providing cybersecure, tactical edge computing solutions to the defense and aerospace industries. Established in 1989 and headquartered in Atlanta, Georgia, the company is a pioneer of made-in-USA computing solutions and has endured firmly and unwaveringly at the forefront of the high-performance computing industry for more than 30 years, designing, manufacturing, assembling, testing, and supporting customer-driven rugged computers that accelerate and underpin the world's mission-critical programs, applications, and critical infrastructure processes. Learn more at trentonsystems.com.

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. SupremeRAID is the world's only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance: a single SupremeRAID card delivers 19 million IOPS and 110GB/s of throughput. For more information, visit graidtech.com.

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

HOYA Vision Care Launches MiYOSMART Sun Spectacle Lenses Combining Protection From Intense Sunlight With Myopia Management

BANGKOK, May 9, 2023 – (ACN Newswire) – HOYA Vision Care, a leader in optical technology innovation, continues to roll out the MiYOSMART sun range, with a planned reach of 30 countries, over the next few months following the soft launch in April 2023. The photochromic spectacle lenses, MiYOSMART Chameleon, and polarised spectacle lenses, MiYOSMART Sunbird, were developed to slow down myopia progression in children using D.I.M.S. Technology while providing protection from intense sunlight.[1-5] These two new products, along with the MiYOSMART clear spectacle lenses which launched in 2018, give children the freedom to comfortably take part in the activities they enjoy indoors and outdoors without compromising their eyesight.

MiYOSMART Sun Spectacle Lenses – Sun protection for children

HOYA Vision Care – Logo

MiYOSMART Chameleon and MiYOSMART Sunbird both provide protection from intense sunlight while simultaneously correcting the myopic refractive error and slowing myopia progression.[1-5] The new spectacle lenses utilise the same D.I.M.S. Technology used in the award-winning [6,7] and noninvasive MiYOSMART clear spectacle lenses, shown to slow myopia progression by 60% in children aged 8 to 13.[3] Due to its HOYA photochromic lens technology, MiYOSMART Chameleon is an all-in-one solution to myopia management and protected outdoor activity. It rapidly adapts to the level of sunlight and fades back to clear indoors in seconds.[8] Meanwhile, MiYOSMART Sunbird is the ideal addition to MiYOSMART clear spectacle lenses for extra protection from intense sunlight and glare.[1,9,10] It also offers vibrant colours and rich contrast in bright light, allowing children to fully experience the beauty of outdoors.[11]

"Children's vision is worth protecting. By acting today, we give them more opportunity tomorrow," said Frederiek Ysebaert, Managing Director of the Pediatric Care Business Unit at HOYA Vision Care. "With the launch of MiYOSMART sun spectacle lenses, inspired by our discussions with eye care professionals, we can enable children across the world to spend more time outdoors while protecting their eyes from intense sunlight, maximising the benefits of D.I.M.S. Technology on myopia progression."

Alongside the launch of the MiYOSMART sun range, HOYA Vision Care will launch "protect how they see the world," a dedicated global campaign to raise awareness of the importance of outdoor time and sun protection in children. Spending time outdoors may slow down myopia progression in children[6,7], and as such it is the most common recommended behavioural management for myopia given by eye care professionals.[8] However, as the majority of lifetime sun exposure occurs under the age of 21, it is necessary to prevent long-term eye damage to children's eyes with effective and reliable sun protection.[1,9] This is particularly important for myopic children using atropine eyedrops for myopia management, and those that are light-sensitive.[2,10,11]

From the launch in 2018 until the end of 2022, over four million MiYOSMART spectacle lenses were purchased by parents across the world.[18] With the launch of MiYOSMART Chameleon and MiYOSMART Sunbird, HOYA Vision Care will continue to help fight and control the growing problem of myopia around the world.

Product Disclaimer: MiYOSMART spectacle lenses have not been approved for use in the management of myopia in all countries, including the U.S., and are not currently available for sale in all countries, including the U.S.

About HOYA Vision Care

For over 60 years, HOYA Vision Care has been a passionate and global leader in optical technology innovation. As a manufacturer of high-quality, high-performing eyeglass lenses, HOYA continuously aims to bring the best possible vision care solutions to eye care professionals and their patients around the world. The company supplies lenses in 110 countries with a network of over 17,000 employees and 43 laboratories around the globe.

References
1. WSPOS. Sunlight Exposure & Children's Eyes Consensus Statement. 2016. Available at: https://www.wspos.org/wspos-sunlight-exposure-childrens-eyes-consensus-statement/ (Last accessed 28/03/2023)
2. Wu PC, Chuang MN, Choi J, et al. Update in myopia and treatment strategy of atropine use in myopia control. Eye (Lond). 2019;33(1):3-13.
3. Lam CSY, Tang WC, Tse DY, et al. Defocus Incorporated Multiple Segments (DIMS) spectacle lenses slow myopia progression: a 2-year randomised clinical trial. Br J Ophthalmol. 2020;104(3):363-368.
4. Lakkis C, Weidemann K. Evaluation of the performance of photochromic spectacle lenses in children and adolescents aged 10 to 15 years. Clin Exp Optom. 2006;89(4):246-252. .
5. Renzi-Hammond LM, Hammond BR Jr. The effects of photochromic lenses on visual performance. Clin Exp Optom. 2016;99(6):568-574.
6. Winners of the exhibition's grand prix. Inventions Geneva. N.D. Available from: https://inventions-geneva.ch/en/winners/ (Last accessed 28/03/2023)
7. Winners 2020. Silmo Paris. 2020. https://en.silmoparis.com/SILMO-d-OR/SILMO-dOrAwards/2020-Winners# (Last accessed 28/03/2023).
8. Hoya data on file. HOYA Internal Product Performance Validation. 09/2022
9. Hoya data on file. UVA and UVB transmittance for MiYOSMART photochromic and polarized sun spectacle lenses. 07/2022
10. Hoya data on file. Luminous transmittance for MiYOSMART polarized sun spectacle lenses. 07/2022
11. Quintana MS, Langa A, del Moral-Martinez I, et al. Polarized Filters Enhance Contrast Sensitivity When Glare Is Produced On A Flat Surface Under Photopic Conditions. Invest Ophthalmol Vis Sci. 2006;47(13):1225.
12. Ho CL, Wu WF, Liou YM. Dose-Response Relationship of Outdoor Exposure and Myopia Indicators: A Systematic Review and Meta-Analysis of Various Research Methods. Int J Environ Res Public Health. 2019;16(14):2595.
13. Jonas JB, Ang M, Cho P, et al. IMI prevention of myopia and its progression. Invest Ophthalmol Vis Sci. 2021;62(5):6.
14. WSPOS. Myopia Survey Data. November 2022. Presented as part of WSPOS Symposium: Comprehensive Update on Myopia Management.19-20 November 2022. Available from: http://forum.wspos.org/symposium-part-1-comprehensive-update-on-myopia-management-2
15. Prevent Blindness. Children's Eyes are More Susceptible to Long-Term Damage from UV Rays. 2011. Available at: https://preventblindness.org/childrens-eyes-are-more-susceptible-to-longtermdamage-from-uv-rays/ (Last accessed 28/03/2023)
16. Li FF, Yam JC. Low-Concentration Atropine Eye Drops for Myopia Progression. Asia Pac J Ophthalmol (Phila). 2019;8(5):360-365.
17. Gong Q, Janowski M, Luo M, et al. Efficacy and Adverse Effects of Atropine in Childhood Myopia: A Meta-analysis. JAMA Ophthalmol. 2017;135(6):624-630.
18. Based on number of MiYOSMART lenses sold as per Hoya sales data on file as of December 2022.

Contact Information
Susan Brown
PR Lead
susan@wearenomads.com
8312334616

SOURCE: HOYA Vision Care

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

Luxshare Precision Announces 2022FY and 2023FYQ1 Financial Results

HONG KONG, May 8, 2023 – (ACN Newswire) – Despite facing numerous challenges over the past year, including a global economic slowdown and weak demand for consumer electronics, Luxshare Precision, a leading global manufacturer of cable & connector assembly and system solutions for consumer electronics, automotive interconnect and communication interconnect, has achieved remarkable results.

On April 27, Luxshare Precision released its annual report for 2022 and its first quarter results for 2023. In 2022, the company achieved operating revenue of approximately RMB214.028 billion, representing a year-on-year increase of 39.03%. Net profit attributable to shareholders of the listed company was about RMB9.163 billion, representing a year-on-year increase of 29.6%.

In the first quarter of 2023, Luxshare Precision kept its growth momentum, achieving operating revenue of RMB49.942 billion, representing a year-on-year increase of 20.05%. Net profit attributable to shareholders of the listed company was RMB2.018 billion, representing a year-on-year increase of 11.9%.

Although the market raised questions about Luxshare Precision's reliance on a single large customer, from the recently published financial report can we see that it has chosen to grow alongside the world's prime clients and has better credit terms than its peers. This not only accelerates the turnover of accounts receivable but also ensures a healthy cash flow.

In 2022, Luxshare Precision's net cash flow from operating activities was RMB12.728 billion, representing a year-on-year increase of 74.72%, which shows a significant improvement. At the same time, the company's accounts receivable turnover days in 2022 were 48.5 days, showing a decrease of 4.66 days.

According to news from Taiwan's Economic Daily News on April 26, Apple will include Pegatron and Luxshare Precision as iPhone 15 series suppliers. It is expected that Pegatron will obtain iPhone 12% assembly share of 15 Pro mobile phones, while Luxshare Precision will obtain 15% assembly share of iPhone 15 Ultra mobile phones. Based on market data, Luxshare Precision shipped approximately 20 million iPhones in 2022, and under optimistic estimates, the company's iPhone shipments this year could increase to 42-50 million units.

In addition, Luxshare Precision's R&D investment has seen a steady increasement in recent years. In terms of R&D investment, the company has invested a total of RMB20.834 billion in the past three years, of which RMB8.447 billion was invested in 2022, hitting a five-year high. In 2022, the company has accumulated 4,526 invention patents, representing an increase of 46.47% compared to the end of 2021, leading the industry in R&D strength.

It is also worth noting that the company's interim report forecast for 2023 was also released alongside the Q1 report, showing that Luxshare Precision's performance in the first half of 2023 has stable progress. Net profit attributable to shareholders of the listed company for the first half of 2023 is expected to be RMB4.162-4.541 billion, representing a year-on-year increase of 10%-20%.

In summary, Luxshare Precision is moving from a single business mode to a more diversified and comprehensive development. Given the vast blue ocean market and great growth opportunities, it is believed that Luxshare Precision has a promising future.

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

Photonis Supplies Key Instrumentation for Detecting Successful Laser Fusion Ignition

STURBRIDGE, MA, May 2, 2023 – (ACN Newswire) – Photonis, a leading electro-optic manufacturer, has supplied key instrumentation that has aided in the achievement of laser fusion ignition. On December 13th, 2022, The U.S. Department of Energy (DOE) and the National Nuclear Security Administration (NNSA) announced the first-ever, controlled laser fusion reaction to produce scientific energy breakeven, achieved at Lawrence Livermore National Laboratory's (LLNL) National Ignition Facility (NIF). This major scientific breakthrough, decades in the making, provides unprecedented capability to support NIF's national security mission and invaluable insights into the prospects of clean fusion energy. This monumental achievement is the first step to a possible future of a net-zero carbon footprint.

Photonis & LLNL

Successful detection of the reaction was made possible with key instrumentation supplied by Photonis. The instruments: Stripline Microchannel Plates (SL-MCPs) and Streak Tubes, were integrated into various diagnostic systems installed within the fusion reactor to detect both x-rays and visible light that were emitted from the reaction. The detection of these signals contributes to determining the resulting energy yield.

Stripline MCPs used in the Diagnostic System are equipped with electrode strips to allow the propagation of high frequency electrical fields along the strips. The electrode strips provide the ability to sequentially turn on each microchannel as fast as the electrical charge can permeate the surface, producing high speed sequential images.

Streak Tubes are unique devices for capturing and measuring ultra-fast light phenomena. Photonis Streak tubes can be applied in streak, framing, or synchroscan-modes, with a wide range of available photocathodes for detection from low energy X-ray to near infrared. The high sensitivity, low-noise photocathodes provide high uniformity, excellent signal-to-noise ratio, and a high shutter ratio, while bilamellar electro-optics support (sub) pico-second temporal and extremely high spatial resolution. These characteristics are ideal for capturing low-level light signals such as the ones emitted by the fusion reaction.

Photonis is proud to be part of this exciting achievement. With its high level of expertise, Photonis' engineers will continue to contribute to overcoming the limits of science and work towards getting tomorrow's clean fusion energy running!

Learn More about LLNL's Fusion Ignition Success Here: National Ignition Facility achieves fusion ignition | Lawrence Livermore National Laboratory (llnl.gov)

About Photonis

Photonis is a market-leading provider of electro-optic solutions used in the detection and amplification of photons, ions, electrons, and neutrons. We innovate and engineer quality technologies for integration into a wide-variety of applications, such as night vision optics, digital cameras, mass spectrometry, nuclear instrumentation, life-science and physics research, space exploration, and many others. With over 80 years of experience of 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.

Related Image
https://cdn.newswire.com/files/x/34/ed/b3b6277fbf7fe2637f586ca30a34.jpg

Contact Information
Dr. Emile Schyns
Director of Innovation
e.schyns@photonis.com

SOURCE: Photonis Scientific, Inc.

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

Greene Tweed to Open New Facility in South Korea

LANSDALE, PA, May 1, 2023 – (ACN Newswire) – Greene Tweed, a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components, announces its investment plans for a new manufacturing facility in Cheongju-si, Chungcheongbuk-do, Republic of Korea.

Greene Tweed is investing in Korea to support the continued growth of the global semiconductor industry. The company plans to manufacture some of the most widely adopted and advanced elastomer seals that consistently enable reliable performance and meet the most demanding specifications and standards. The facility is expected to start production in early 2024. The new manufacturing site will enable Greene Tweed to increase global capacity, enhance its business continuity plans, and help improve lead times and responsiveness for their global customers.

"Greene Tweed has a history of investing to support future growth that enables the company's long-term operational capabilities & continued innovation, and increases our capacity to facilitate our customers' growth. This new Korean manufacturing site will help enable our customers' technology roadmaps and growth plans," said Magen Buterbaugh, President and CEO.

The groundbreaking ceremony for the facility is planned for June, with construction estimated to be completed in early 2024. The new facility will combine Greene Tweed's proven and tested technologies with advances in automation to manufacture products at the high standards that customers demand and expect. While the facility may eventually produce additional product lines, the new capacity will initially be dedicated to Greene Tweed's Chemraz(R) product line, a leading brand for sealing solutions to semiconductor, energy, and industrial markets. "The facility will focus on creating value and improving delivery time to customers. Over the last few years, the instability in the global supply chain has been every customer's top priority. Greene Tweed continues to prioritize our customers' needs by investing in technology and operation efficiency. We are excited to continue growing our capacity and capability to better support the global demand for our products," says Thyag Sadasiwan, Business Unit Director – Chemraz(R).

The announcement of the investment was made by Allon Bloch, Chairman of Greene Tweed, at a forum hosted by the US Chamber of Commerce's US-Korea Business Council, with Yoon Suk Yeol, President of the Republic of Korea. The company would like to thank the Ministry of Trade, Industry and Energy, as well as the Korea Trade Investment Promotion Agency for their support of this project.

To learn more about Greene Tweed's full range of capabilities, visit: https://www.gtweed.com/.

Greene Tweed is a leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components. Combining more than 150 years of technical expertise and commercial knowledge in a variety of markets, Greene Tweed collaborates with customers to develop engineered solutions that meet challenging performance requirements of the aerospace/defense, energy, semiconductor, industrial, life sciences, and chemical processing industries.

Greene Tweed products are sold and distributed worldwide. For additional information, call +1.215.256.9521, or visit http://www.gtweed.com.

Contact Information
Lee Kershner
Corporate Marketing
lkershner@gtweed.com
+1.215.853.4527

Related Files
Greene Tweed Korea PR FINAL (3).docx https://pr.report/ZyMECdnL

SOURCE: Greene Tweed

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

NASDAQ-Listed JE Cleantech Announces Strong FY2022 Results on the back of Post-Opening Economic Rebound

SINGAPORE, May 1, 2023 – (ACN Newswire) – Singapore-based precision cleaning and cleantech equipment manufacturer JE Cleantech Holdings Ltd (NASDAQ: JCSE) ("JCSE" or "JE Cleantech" or the "Company" and together with its subsidiaries, the "Group") has released its annual report for the financial year ended December 31, 2022. The Group enjoyed a solid financial showing in financial year ended December 31, 2022, with gross profits surging from USD 1.7 million to USD 3.8 million or an increase of 120% YoY. The Group generated a net income of USD 0.9 million for the financial year ended December 31, 2022.

JE Cleantech's robust performance in the financial year ended December 31, 2022 comes on the back of a strong economic recovery in Asia following the Covid-19 pandemic lockdowns. Its business momentum suggests a bright perspective for the coming years. During the financial year ended December 31, 2022, JCSE completed 30 more orders and increased revenue by 26.2% to USD 13.9 million. The majority of JCSE's orders came from (i) Singapore which accounted for 54.5% of JCSE's revenue, and revenue contributed from this region increased by 57.4%; and (ii) Thailand which accounted for 12.7% of JCSE's revenue, and revenue contributed from this region increased by 51.6%.

"The post-pandemic recovery has affected our business very positively and across our markets, we have seen an increase in demand, especially for our precision cleaning systems and centralized dishwashing systems," said Ms Hong Bee Yin, Founder and CEO of JCSE. "With many hospitality businesses gradually reaching their pre-pandemic peaks, we expect our centralized dishwashing systems to see even more demand."

Looking ahead, JCSE is expanding further into tech hardware and robotics. "Automation and digitization are core priorities for us along with expanding our product range," elaborated Ms Hong. "We are also looking into overseas expansion, but we remain committed to Singapore as a priority market." The Company is planning to use its internal resources to facilitate aggressive growth in 2023.

Earlier this year, JCSE partnered with a Singaporean deep-tech manufacturer to co-develop an industry-revolutionizing cleaning robot. Along with expansion plans, JCSE is looking further to improve its environmental footprint, having already announced the installation of solar panels in its main facility earlier this year.

Other Highlights for the Financial Year Ended December 31, 2022:
– Overall gross profit margin was 27.5%, up from 15.9% YoY
– Revenue from the provision of centralized dishwashing and ancillary services increased by 24.2% to USD 5.4 million YoY
– Revenue from sales of precision cleaning systems and other equipment segment increased by 27.8% to USD 8.5 million YoY
– The sale of precision cleaning systems and other equipment resulted in a gross profit margin of 40.8%, up from 23.3% YoY
– The provision of centralized dishwashing and ancillary services resulted in a gross profit margin of 11.1%, up from 4.5% YoY
– In 2022, JCSE was awarded the Clean Mark Silver Award by National Environment Agency of Singapore

About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of precision 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

International Entrepreneur Sam Stathis Supports Ukraine to Initiate Next Phase of Rebuilding Devastated Economy Through Technology and Innovation

NEW YORK, Apr 26, 2023 – (ACN Newswire) – Entrepreneur Sam Stathis is set to embark on a trip to Ukraine to offer his technologies to help rebuild and resurrect the country, which has been devastated by war and economic crisis. Stathis will be using Theometrics Global and Bevis by Theo innovative solutions to aid in the rebuilding efforts. Theometrics has already donated limited edition NFTs, solely for the purpose of raising money for humanitarian and military aid for Ukraine. Stathis will be initiating the next phase of support during his trip and offering his technologies to help rebuild the country.

Stathis has established several programs, including conferences on construction and technical innovation, contributing to Startup New York, and founding Theometrics University to train young people in precision measurement and navigation in real estate and construction. His philosophy is rooted in the ancient Greek ideals, with a focus on helping people figure out their place in the universe through Theometrics Global. Theometrics has a broader mission of promoting global peace and prosperity by training and preparing the new generation for the modern economy, technology, arts, and sciences. Stathis launched Theometrics in Greece in the summer of 2021 to help his homeland recover from the Greek Economic crisis of 2007, which plagued the country for decades. Stathis had issued a call to action to the Greek diaspora to invest back in their homeland, to help bring Greece up to modern standards and create new job opportunities. Sam Stathis has also been involved with professional Chariot Racing competitions and tournaments for years, and as part of his initiative, he also aims to revive chariot racing as a modern-day Olympic sport, reinstating it as one of the five events that founded the ancient Greek Olympic Games.

In February 2022, Stathis also focused his attention to the War in Ukraine. Working with world leaders on Theometrics worldwide peace and prosperity campaign, the efforts multiplied and Team Stathis and Theometrics sprang into action.

"I immediately began efforts to support Ukraine by donating drones to the front lines, and the military sent me videos of the drones in use with their gratitude for this support. I accomplished this with a partnership with a Ukrainian news agency, a young group of volunteers at Sky Over Ukraine. In addition to publicizing and raising awareness, Sky Over Ukraine uploads footage and videos daily of what was happening at the front lines – including footage from the drones I donated that are used for reconnaissance missions," said Stathis.

Theometrics Global has already donated NFTs that are limited edition, solely for the purpose of raising money for humanitarian and military aid for Ukraine. Stathis stresses, "Neither Theometrics Ukraine, nor Sky Over Ukraine have received or will receive any administrative fees or any fees of any kind, thus all proceeds go directly to Ukrainian aid."

Stathis will be traveling to Ukraine to witness the atrocities of war first-hand and to initiate the next phase of support, in offering his technologies to help rebuild and resurrect Ukraine, with his new set of NFTs and real coins minted in copper, silver & gold.

In March 2023, while traveling for a Chariot Racing tournament in Palermo, Sicily, and Syracuse, Stathis was awestruck by the ancient Greek temples in Agrigento, Sicily, and prompted Stathis' passion for Greek heritage to now further extend to investing in technology and innovation, leading the effort to resurrect Magna Graecia, particularly in the Valley of the Temples, in Agrigento and expanding freedom and democracy in Ukraine.

What began as Sam Stathis' vision for a New Greece, now has expanded to Sicily's Agrigento and Ukraine, and is grounded in his belief of the potential of each region, its human capital, and his entrepreneurial spirit. By investing in technology and innovation and engaging young people in profit management and growth, he aims to create a brighter future for these countries.

For more: https://theometrics.com
Bevis by Theo: www.bevisbytheo.com
Sky Over Ukraine: https://skyoverukraine.com

Contact Information
Press Contact
Director of Communications
press@theometrics.com
212-627-8220

SOURCE: Theometrics Global

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

GaN and SiC Technologies on Spotlight at PowerUP Asia Conference

TAIPEI, TAIWAN, Apr 24, 2023 – (ACN Newswire) – The power electronics landscape is changing. Wide-bandgap (WBG) devices, including gallium nitride (GaN) and silicon carbide (SiC), are gaining traction in replacing silicon devices, which are reaching their theoretical limits in performance, in applications including power modules and power inverters, motor drives, and chargers and adapters, to name a few.

According to Yole Developpement, the power GaN market will be worth $2 billion in 2027, with consumer applications, including power supplies and Class D audio amplifiers, representing about 48% of the total GaN industry.

In particular, the consumer power supply market for GaN is forecast to be worth over $915.6 million by 2027, growing at a compound annual growth rate (CAGR) of 52% between 2021 and 2027. For the datacom/telecom industry, Yole projects the power GaN market growth to be at 69% CAGR during the forecast period, while the GaN automotive market is expected to register a CAGR of 99%.

The SiC device market, on the other hand, is forecast to reach $6.3 billion in 2027, mainly driven by electric vehicles (EVs), their charging infrastructures, and photovoltaics, according to Yole.

WBG is one of the key focus topics at the upcoming PowerUP Asia conference and virtual exhibition on May 24-26, 2023. Organized by AspenCore, the publisher of EETimes Asia, EETimes India, and EDN Asia, PowerUP Asia puts the spotlight on the key players and the latest technologies and trends in the power electronics industry in Asia.

PowerUP Asia builds on the success of the established PowerUP Expo, a virtual conference and exhibition being held by Power Electronics News, a sister publication under AspenCore.

Focusing on this region, PowerUP Asia is a three-day virtual conference and exhibition highlighting the latest technology developments and trends in power electronics, including WBG devices, power semiconductors, and related technologies.

With fairgrounds, an exhibition hall, and a conference space, PowerUP Asia functions similarly to a live exhibition and conference. This technical conference will include keynotes, panel discussions, and technical presentations on significant technical trends, market demands and new application areas. Along with the conference, there will be an exhibition hall with virtual booths from top power electronics businesses and a live chat that will allow attendees to communicate directly with booth staff.

Confirmed companies presenting at the virtual conference include Analog Devices Inc., Arrow Electronics Inc., Advanced Semiconductor Engineering Inc. (ASE Group), Cambridge GaN Devices, Efficient Power Conversion Corp. (EPC), GaN Systems Inc., Infineon Technologies AG, NXP Semiconductors, Rohde & Schwarz, STMicroelectronics, and UTAC Group.

For more information and to register, visit https://ve.eetasia.com/powerup2023.

About AspenCore

AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today's engineers.

We reach over 15 million technologists, designers, engineers, and managers. We connect this electronics community to reliable news, authoritative analysis, industry trends, and daily information on new technology.

Our brands include EE Times, Electronic Products, EPSNews, ESM China, IoT Times, Power Electronics News, EDN, EEWeb, Electro Schematics, Elektroda.pl, Embedded.com, Planet Analog, and more.

For more information, visit https://aspencore.com.

Contact Person
Celia Shih
Marketing Manager
Taiwan/ASEAN Marketing and Circulation Department
T: +886 227591366 Ext. 103/222
E: celia.shih@aspencore.com

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

Inaugural PowerUP Asia Conference Highlights Latest Innovations in Asia’s Power Electronics Industry

TAIPEI, TW, Apr 21, 2023 – (ACN Newswire) – The growing electric vehicle (EV) industry, increasing calls for renewable energy adoption, the automation trends in the industrial sector, and the rising demand for consumer electronics, are fueling the growth of the power electronics industry as manufacturers set their sights on power efficiency, carbon reduction, and ‘greener’ energy.

According to research firm Global Market Insights (GMI), the worldwide power electronics market reached over $22 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% to reach more than $40 billion in 2032.

The Asia Pacific (APAC) region accounted for more than half of the power electronics market, recording a total market share of 55% in 2022, according to GMI, mainly driven by the increasing penetration of EVs. On top of this, the expansion of the IT sector, the growing number of Internet users, and the continuous development and rollout of 5G networks are propelling the demand for data centers in the region, which in turn is driving the demand for more power-efficient devices with higher power densities and more and more compact packages. All these are expected to transform the APAC region into a major hub for power electronics manufacturing.

To put the spotlight on the key players and the latest technologies and trends in the power electronics industry in Asia, AspenCore, the publisher of EETimes Asia, EETimes India, and EDN Asia, will hold the inaugural PowerUP Asia conference and virtual exhibition on May 24-26, 2023.

PowerUP Asia builds on the success of the established PowerUP Expo, a virtual conference and exhibition being held by Power Electronics News, a sister publication under AspenCore.

Focusing on this region, PowerUP Asia is a three-day virtual conference and exhibition highlighting the latest technology developments and trends in power electronics, including wide-bandgap (WBG) devices, power semiconductors, and related technologies.

With fairgrounds, an exhibition hall, and a conference space, PowerUP Asia functions similarly to a live exhibition and conference. This technical conference will include keynotes, panel discussions, and technical presentations on significant technical trends, market demands and new application areas. Along with the conference, there will be an exhibition hall with virtual booths from top power electronics businesses and a live chat that will allow attendees to communicate directly with booth staff.

Confirmed companies presenting at the virtual conference include Analog Devices Inc., Arrow Electronics Inc., Advanced Semiconductor Engineering Inc. (ASE Group), Cambridge GaN Devices, Efficient Power Conversion Corp. (EPC), GaN Systems Inc., Infineon Technologies AG, NXP Semiconductors STMicroelectronics, and UTAC Group.

For more information and to register, visit https://ve.eetasia.com/EAC2022.

About AspenCore

AspenCore is a unique collection of brands and products that have set the standard in meeting the demands of today’s engineers.

For more information, visit https://aspencore.com.

Contact Person:
Celia Shih
Marketing Manager
Taiwan/ASEAN Marketing and Circulation Department
T: +886 227591366 Ext. 103/222
E: celia.shih@aspencore.com