SKYX Platforms to Introduce its Upcoming Gen-1 Game-Changing Platform Technology Video Demo

MIAMI, FL, Aug 25, 2022 – (ACN Newswire) – SKYX Platforms Corp. (NASDAQ:SKYX) (d/b/a "Sky Technologies") ("SKYX," "we" or "the Company"), a highly disruptive platform technology company with over 60 issued and pending patents globally for simplifying and enhancing safety and automation in homes and buildings, today announced the introduction of a demo video of its Gen-1 game-changing ceiling platform technology, the specifications of which just received a historical approval vote by ANSI / NEMA, the leading U.S. standardization organizations for homes, buildings and the electrical industry.

Hundreds of millions of lengthy installations of light fixtures take place, all while people risk their lives by touching hazardous electrical wires while standing on ladders. These risks result in millions of hazardous incidents including shorts, fires, falls from ladders, electrocutions, injuries and death. These hazardous incidents can be greatly reduced or even eliminated by using the SKYX plug and play ceiling outlet receptacle. The SKYX technology simplifies the installation process while significantly reducing both time and cost, as well as substantially reducing hazardous incidents, injuries, and death.

The specifications of the new SKYX safe weight-supporting plug & play ceiling outlet/receptacle were approved by the U.S. leading home and building standardization organizations, the American National Standards Institute ("ANSI") and the National Electrical Manufacturers Association ("NEMA"). Below is the video demo link of SKYX's Gen-1 product including the ANSI / NEMA approved safe plug & play ceiling outlet/receptacle.

Video Link: http://skyxplug.com/video

Steve Schmidt, former CEO of Nielsen Corporation and former President of Office Depot International and current President of SKYX Platforms, said: "We are extremely proud to introduce our Gen-1 smart and safe technology platform towards our upcoming product launch. We strongly believe that the simplicity of our technology, as well as its safety aspects, will revolutionize the lighting and ceiling fan industries by enabling people to install fixtures safer, faster, and more often."

Rani Kohen, Founder and Executive Chairman of SKYX Platforms, said: "Introducing our Gen-1 video demo is an important step in our market education process as it will demonstrate how safe, simple, cost and time saving our solution is. It's about time that people stop risking their lives while installing light fixtures and ceiling fans. The significant advantages of our smart plug & play Gen-1 technology will enhance innovation as well as fixture replacement."

About SKYX Platforms Corp.

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

Cautionary Statement Concerning Forward-Looking Statements

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

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

SOURCE: SKYX Platforms Corp. dba Sky Technologies

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

Minetech’s Revenue for 1Q Rises 43.0% to RM24 Million

KUALA LUMPUR, Aug 25, 2022 – (ACN Newswire) – Minetech Resources Berhad, a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (1Q FY2023) to RM24.05 million compared with RM16.80 million in the corresponding quarter of the last financial year (1Q FY2022).

Matt Chin, Executive Director of Minetech

For the quarter under review, the Company recorded a loss before tax (LBT) of RM1.66 million compared with LBT of RM4.35 million in 1Q FY2022.

On a segmental basis, Minetech's civil engineering division posted revenue contribution of RM13.7 million for 1Q FY2023, a gain of 34.3% compared with RM10.2 million in 1Q FY2022. The manufacturing division, which produces bituminous products for pipe coating, waterproofing and sealing, recorded revenue contribution of RM5.85 million, a gain of 75.1% compared with RM3.34 million in 1Q FY2022.

Matt Chin, Executive Director of Minetech, said, "The civil engineering division's contribution was supported by higher revenue from the Selinsing Gold Mine in the quarter under review compared to the corresponding quarter of the previous financial year as production regained traction while the manufacturing division saw a significant rise in revenue due to an increase in sales as a result of improved demand from water piping and road paving projects."

"Recent news flow point to firmer domestic economic growth and the announcement of the MRT3 project together with the continuation of other large civil infrastructure projects is positive for the construction sector as there will be need for civil engineering services as well as bituminous products."

"We will continue to be vigilant given the more challenging global economic outlook. We have rationalised our corporate structure and in recent years diversified into other businesses to enhance our financial performance while ensuring more stable recurring income. Our narrower losses for the quarter are a result of these measures."

Minetech Resources Berhad: 7219 [BURSA: MINE], https://minetech.com.my/

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

G Neptune Seeks Shareholders’ Approval to Acquire Soutern Score, a construction Management Services Company, as part of its Proposed Regularisation Plan

KUALA LUMPUR, Aug 22, 2022 – (ACN Newswire) – G Neptune Berhad is pleased to announce that its circular, which includes multiple proposals as part of its proposed regularisation plan, has been issued today. Upon completion, the proposed regularisation plan is expected to address its Guidance Note 3 (GN3) status as well as to return it to a stronger financial standing and profitability that will benefit all stakeholders.

Executive Director and Chief Executive Officer of Southern Score Gan Yee Hin and Executive Director and Head of Group Investment Banking & Islamic Banking of Kenanga Investment Bank Berhad Datuk Roslan Hj Tik [L-R]

The proposed regularisation plan includes amongst others, the proposed acquisition of the entire equity interest in Southern Score Sdn Bhd from Super Advantage Property Sdn Bhd for a purchase consideration of RM252.0 million to be satisfied through the issuance of 1.68 billion shares.

Southern Score is a construction management services company with a recorded net profit of RM6.51 million, RM19.20 million and RM35.18 million in the financial year ended 31 December 2019, 2020 and 2021 respectively. Super Advantage, being the vendor of Southern Score, has provided cumulative net profit guarantee of RM80.0 million over the three-year period from 2022 to 2024. Super Advantage is held by Tan Sri Datuk Seri Gan Yu Chai, the Managing Director of Southern Score, a veteran in the construction and property development industries with more than 30 years' experience as well as Gan Yee Hin, the Executive Director and Chief Executive Officer of Southern Score.

Other than the proposed acquisition, the proposed regularisation plan also entails the following:

– proposed consolidation of every ten existing shares in G Neptune into one consolidated share;
– proposed settlement of debt amounting to RM3.1 million to Mr. Chai Tham Poh, an Executive Director of G Neptune, via the issuance of 20.67 million shares;
– proposed private placement of 543.05 million shares at an issue price to be determined later but shall not be less than 20 sen per share to eligible investors to be identified later; and
– proposed exemption under the take-over rules from the obligation to undertake a mandatory take-over offer for the remaining G Neptune shares not already owned by Super Advantage as well as Tan Sri Datuk Seri Gan Yu Chai and Gan Yee Hin.

Through the proposed private placement, G Neptune aims to raise at least RM108.61 million to be used for amongst others, the purchase of building materials and repayment to contractors for future construction projects, as well as for TCS SS Precast Construction Sdn Bhd (TSPC), a CIDB Grade 7 contractor in which Southern Score owns a 35% stake.

Additionally, to better reflect the Company's corporate identity going forward, it is proposed that the Company name "G Neptune Berhad" be changed to "Southern Score Builders Berhad".

Commenting on the proposed acquisition, Gan Yee Hin, said, "The proposed acquisition of Southern Score is an integral part of the regularisation plan as it will enable G Neptune to enter into the construction industry which is a thriving and growing industry. This will also help in regularising the Company's financial condition as it currently does not have a core business to sustain its listing status. We expect Southern Score to benefit from the growth in the construction sector which is expected to be positive in 2022 following the reopening of Malaysia's economy."

"We also intend to venture into the manufacture of Industrialised Building Systems (IBS) products through TSPC as we see demand rising given that the construction sector is moving towards the adoption of IBS for better construction quality and productivity, less dependency on foreign labour as well as lower costs. Government initiatives are also supportive of this adoption."

The proposed regularisation plan and the proposed change of name are subject to, amongst others, GNB shareholders' approval at the forthcoming general meeting to be held on 13 September 2022.

Kenanga Investment Bank Berhad is the principal adviser and sponsor for the proposed regularisation plan as well as placement agent for the proposed private placement while Malacca Securities Sdn Bhd is the independent adviser for the proposed exemption.

G Neptune Berhad: 0045 [BURSA: GNB], https://www.gneptune.com/
Southern Score: https://southernscore.com.my/

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

Ching Lee Holdings (3728.HK) earns HK$1.54 billion of total contract values

HONG KONG, Aug 17, 2022 – (ACN Newswire) – Ching Lee Holdings Limited ("Ching Lee" or "The Group"(1), stock code 3728.HK) signed about ten contracts for construction projects with various property developers at the end of June this year. The accumulated unfinished contract values of approximately HK$1.54 billion marked a historic record of doubling from year on year and compared to the general period before the outbreak of COVID-19 in 2018, it was a 50% increase. These are unprecedented results in history.

Thanks to the confidence of major Hong Kong property developers in the properties industry and their support of the Group, Ching Lee has been awarded several high-quality superstructure construction projects, covering traditional luxury residential areas such as Prince Edward Road West in Ho Man Tin, the Happy Valley district, the Central district and the mid-levels of Hong Kong Island, etc. Highlights of the reconstruction include developing a 25-storey boutique-style building for 69 residential units, as well as participating in the renovation of the hotel and rebuilding it into a residence for rental purposes. In addition, the Group has added superstructure, substructure, and RMAA(2) projects in Soy Street in Mongkok, Ma Tau Wai Road in Hunghom, Cheung Sha Wan Road, and To Kwa Wan in response to the Hong Kong Government's Urban Renewal Plan.

Since the outbreak of COVID-19 for more than two years, all walks of business have been struggling. The operation of the construction industry has been adversely affected by the problems of delaying transportation and the price rise of raw materials. Despite the difficulties, Ching Lee did not retreat, but also swam upstream and achieved a great year. In recent years, Ching Lee has seized opportunities to invest in property markets including the success of the investment in the AVA228 residential project of Sham Shui Po in 2018 and the acquisition of the commercial and residential project in To Kwa Wan this year with invested capital of HK$24 million, accounting for 20% of the total investment. Ching Lee has gradually and successfully transitioned from being a contractor to a developer through its experience and expertise in the construction industry.

Commented by the Group Chairman Mr. Ng Choi Wah who is a developer and a contractor, "I am confident to be able to run the whole process in the property industry from construction to sales." Mr. Ng also expressed optimism about the overall market demand and the current business situation. He also expected the operation to continue performing well in the coming year.

Media enquiries:
New Smile Limited Strategic IR & PR Consultancy
Tel: +852 2126 7076
Jenny Lai jenny.lai@newsmilehk.com
Jenny Cheung jenny.cheung@newsmilehk.com
Richard Wong richard.wong@newsmilehk.com

Notes to editors:

(1). Ching Lee Holdings Limited ("Ching Lee" or "The Group")

Ching Lee Holdings Limited, a limited liability company incorporated under the laws of the Cayman Islands, is a contractor in Hong Kong with over 23 years of experience in public and private sectors. The principal activities of Ching Lee Holdings and its subsidiaries are the provision of construction and consultancy works and project management services in Hong Kong, engaged in providing substructure building works services, superstructure building works services, and repair, maintenance, alteration and addition (RMAA) works services. Ching Lee Holdings Limited was transferred from GEM board to the main board in HKEx on 18 September, 2017 with stock code 3728.hk. Company website: http://www.chingleeholdings.com

(2). RMAA

RMAA services work for existing structures. The scope of RMAA works consists of improvement, fitting-out works, renovation works, restoration works and external works.

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

TTI Delivers Strong 2022 First Half Results

HONG KONG, Aug 10, 2022 – (ACN Newswire) – Global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment, Techtronic Industries Co. Ltd. ("TTI" or the "Group") (stock code: 669, ADR symbol: TTNDY) is pleased to announce its results for the six months ended June 30, 2022.

The Group delivered strong results for the first half of 2022, outpacing the market and growing sales by 10.0% to US$7.0 billion. In local currency, sales grew 12.1%. Combined with the 2021 first half sales growth of 52%, TTI has increased sales by 67% over this two-year period. Gross margin improved for the 14th consecutive first half expanding 50 bps to 39.1%. EBIT increased 10.7% to US$633 million, net profit rose 10.4% to US$578 million, and earnings per share increased 10.4% to approximately US31.59 cents per share.

— Our flagship MILWAUKEE business significantly outgrew the market, delivering 25.8% sales growth
— Gross margin improved for the 14th consecutive first half to 39.1%
— Net profit growth of 10.4% to US$578 million

Financial Performance Highlights for 1H 2022
2022* 2021
US$' US$'
million million Change
Revenue 7,034 6,394 +10.0%
Gross profit margin 39.1% 38.6% +50 bps
EBIT 633 572 +10.7%
Profit attributable to Owners of the Company 578 524 +10.4%
Basic earnings per share (US cents) 31.59 28.62 +10.4%
Interim dividend per share (approx. US cents) 12.23 10.94 +11.8%
*For the six-month period ended June 30, 2022

The Group is delighted that all of its geographic regions delivered solid sales growth in the first half. Rest of World featuring Australia and Asia delivered outstanding 23.0% growth in local currency. Europe grew 14.1% in local currency and North America grew 10.5% in local currency.

TTI's Power Equipment business delivered a very strong first half, while Floorcare contracted due to slowing demand and customer destocking. Now the global leader in professional cordless, TTI's flagship MILWAUKEE business continued to flourish with 25.8% local currency sales growth in the first half. This business now accounts for a major part of the company sales with an accretive gross margin.

Mr. Horst Pudwill, Chairman of TTI, said, "Our world-class team is well prepared to manage the business through challenging macroeconomic environments and continue to deliver above market results. We are well positioned to strengthen our leadership position in the months and years to come."

Mr. Joseph Galli, CEO of TTI, commented, "Our outstanding first half performance is the result of our ongoing new product flow and our market leadership position. We will continue to execute our proven strategy of investing in demonstrably better, technologically advanced new products to drive our growth."

About TTI
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence – reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL floorcare cleaning products and solutions.

TTI is one of the constituent stocks of the Hang Seng Index, FTSE RAFI(TM) All-World 3000 Index, FTSE4Good Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license.

For enquiries:
Techtronic Industries Co. Ltd.
Main Contact
TTI Investor Relations
Tel: +1 (954) 541 9660
Email: ir@ttihq.com

Asia/Pacific
TTI Investor Relations
Tel: +(852) 2402 6888
Email: ir@tti.com.hk

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

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

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

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

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

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

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

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

About SKYX Platforms Corp.

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

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

Cautionary Statement Concerning Forward-Looking Statements

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

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

SOURCE: SQL Technologies, Inc. dba Sky Technologies

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

Sarawak Consolidated Industries Berhad Signs MoU for Indonesian 4G Telco Tower Project

KUCHING, MALAYSIA, Aug 3, 2022 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) has entered into a Memorandum of Understanding (MoU) with PT. Semesta Noor Berkarya (SNB) and PT. Envy Manajemen Konsultansi (EMK) to explore the formation of a partnership in relation to the construction of 4G telecommunications towers for Indonesia's outermost regions.

Rosland bin Othman, Managing Director and Chief Executive Officer of SCIB

Under the MoU, SCIB will anchor the formation of the partnership as well as providing the corporate management setup. SNB, a state-owned enterprise of the Republic of Indonesia is an engineering, procurement and construction specialist with expertise in handing large-scale domestic projects, will build and install the 4G telecommunications towers, including site survey and acquisition as well as other supporting infrastructure works. EMK, which is involved in business advisory, consultation, project management and other corporate management activities, will provide project management services through operational and technical supervision.

The project, which comes under Indonesia's Telecommunications and Information Accessibility Agency (Bakti), is expected to take three years to complete and involves the construction and installation of 4G telecommunications towers in 3,704 villages. Bakti is an agency under the Ministry of Communication and Information Technology tasked to provide the telecommunications network.

Managing Director and Chief Executive Officer of SCIB, Encik Rosland bin Othman, said, "We look forward to working with SNB and EMK on the project, which is part of the push to provide internet accessibility to Indonesia's outermost, remote and underdeveloped areas as part of the country's national digital transformation framework."

"SCIB is at a distinct advantage for this project as more than 60% of the proposed sites of the 4G telco towers are located in Kalimantan in Indonesian Borneo, which provides optimal opportunities to synergise our business as our three factories are located in Kuching, Sarawak. The project supports our strategy to diversify geographically by seeking opportunities for our engineering, procurement, construction and commissioning (EPCC) business, and we will certainly take this opportunity to also explore roles in the building of Indonesia's multibillion-dollar new capital at Nusantara."

SCIB leverages on its manufacturing business producing building materials as well as Industrialised Building System (IBS) to complement the EPCC business. The Company is the largest precast and IBS manufacturer in East Malaysia with the capacity to produce 500,000 tonnes of building materials annually.

Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my

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

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

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

JD.com Headquarters (Second Phase Construction)

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

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

Product Features

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

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

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

MEBS's Elevator Business in China

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

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

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

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

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

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

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

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

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

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

JE Cleantech Holdings Limited rings NASDAQ Closing Bell

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

NASDAQ Tower, New York

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

About JE Cleantech Holdings Limited

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

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

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Bintai Kinden Signs MoU Exploring Opportunities in Middle East

PETALING JAYA, Malaysia, Jul 25, 2022 – (ACN Newswire) – Bintai Kinden Corporation Berhad, a building and industrial service engineering specialist, is pleased to announce that the Company's sub-subsidiary, Johnson Medical International Sdn Bhd (JMI), has signed a memorandum of understanding (MoU) with Medical Renewable Care Company (MRC, or under its trade name known as Nouveta) to explore a collaboration providing mechanical and engineering (M&E) solutions and services to the healthcare industry of Saudi Arabia and future expansion in Dubai, United Arab Emirates (UAE).

Azri Azerai, Executive Director of Bintai Kinden

JMI specialises in the design, manufacture and installation of customized hospital support system equipment and provision of nursing home services. Nouveta, which is based in Jeddah, Saudi Arabia, provides healthcare-related products and services to doctors, hospitals and pharmacies.

Azri Azerai, Executive Director of Bintai Kinden said, "This MoU gives us the framework to explore in more concrete terms how JMI and Nouveta can collaborate further in Saudi Arabia and the UAE and leverage on the opportunities that can be found in these countries."

"As a first step, we are looking to appoint Nouveta as JMI's distributor in Saudi Arabia and secondly, we will study more on the commercial viability of providing M&E solutions and services in Dubai and the rest of the UAE that may encompass a wider market than just hospitals and pharmacies. We look forward to deepening the partnership with Nouveta."

Ali Salem Alsubai, General Manager of Nouveta said, "We look forward to a fruitful relationship with JMI and Bintai Kinden. We believe that there are opportunities for us to leverage on and grow together."

Bintai Kinden, which recorded a net profit of RM0.91 million in the quarter ended 31 March 2022 (Q4 2022) against a net loss of RM6.59 million in the corresponding Q4 2021, also recently formed a partnership with Marafie Industries Co to supply piping materials to oil and gas related companies in Saudi Arabia as well as securing a series of projects from Petro Flanges & Fittings Sdn Bhd to supply piping materials.

Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/

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