Tag: Engineering

TANAKA Develops “TRuST” Precursor for CVD/ALD Processes; Using Liquid Ruthenium Precursor to Achieve World’s Highest Vapor Pressures

TOKYO, Sep 30, 2020 – (ACN Newswire) – TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has developed a new liquid ruthenium precursor named "TRuST" for CVD[1] and ALD[2] processes. The vapor pressure of "TRuST" is more than 100 times higher as compared to that to previous liquid ruthenium (element symbol Ru) precursors[3], which is currently the world's highest vapor pressure value at room temperature as per TANAKA's internal evaluation.
"TRuST" precursor for CVD and ALD processes


Comparison of vapor pressure of precursor



During this precursor development, TANAKA Kikinzoku Kogyo focused on material design and synthesis research, while Professor Soo-Hyun Kim, Ph.D., School of Materials Science and Engineering, College of Engineering at Yeungnam University in South Korea, researched to optimize the film formation characteristics.

Technologies developed through this collaboration will help increase performance and reduce energy consumption for the semiconductor devices used in smartphones, computers, and the data centers where demand is to grow well into the future.

Precursors are metal-organic compounds used in chemical vapor deposition (CVD), atomic layer deposition (ALD) and other processes to form thin metal films or metal wiring on substrates. CVD and ALD processes enable the formation of films with superior step coverage on various types of base substrate. These are useful methods for forming films as semiconductors become increasingly miniaturized, with increased structural complexity, and narrower wires with every new generation.

TANAKA Kikinzoku Kogyo has developed a range of precious metal precursors over the years, including ruthenium precursors. This time, computer simulation and other techniques were used to achieve miniaturization and optimization of the molecular structure. This resulted in the successful development of a precious metal compound in a liquid form, with high vapor pressure, and thermal stability suited for film formation, all of which are important characteristics for precursors. As a result, this compound has the world's highest vapor pressure over 100 times higher than that of previous liquid ruthenium precursors. The higher the vapor pressure of precursors and the smaller their molecular structure, the higher the possible concentration of precursor in the film formation chamber, and the greater the adsorption density of precursor molecules on the substrate surface. Compared to previous precursors, this achieves excellent step coverage and improved film formation speed.

According to research carried out at Yeungnam University, ALD film formation at approximately 1.7 angstrom (A) per cycle is possible, which is the world's fastest of its type using liquid ruthenium precursor. Also, specific resistivity after film formation is approximately 13 microhm-cm, which is close to the value of bulk ruthenium metal (7.6 microhm-cm).

When bulk ruthenium is used for vapor deposition, with a temperature as high as 3000 degrees C. However, if it is converted into an organometallic compound of ruthenium precursor, it can be vaporized at low temperatures (between room temperature to 200 degrees C) under vacuum. As a result, the formation of high-quality ruthenium film with excellent step coverage at high productivity is expected. This has been an issue in the past because it is technically difficult to achieve all these characteristics at the same time. With the development of "TRuST" however, it is now possible.

Samples of Shipments of "TRuST" should begin shipping samples are planned to start in October 2020.

Background and TANAKA Kikinzoku Kogyo's development of precursor for CVD/ALD processes

In the past, the most common wiring materials used for semiconductors were copper, tungsten and cobalt. However, as semiconductors have evolved, there are increasing expectations for the precious metal ruthenium to promote further miniaturization of semiconductors because of its lower resistance and higher durability. With its superior characteristics, ruthenium is also being considered for use in transistor gate electrodes and DRAM capacitor electrodes.

The progress of technologies such as IoT, AI, and 5G over recent years has led to rapidly increasing volumes of digital data used in clouds, smartphones, and computers. Therefore, the need for even greater miniaturization of semiconductors is increasing to enable the creation of devices with higher performance and lower energy consumption. As a specialized manufacturer of precious metals, TANAKA Kikinzoku Kogyo will continue contributing to this evolution of semiconductors through the development of high-quality semiconductor materials.

With the support of Professor Soo-Hyun Kim, from the College of Engineering at Yeungnam University, a researcher from TANAKA Kikinzoku Kogyo will give a presentation of this technology at the "International Interconnect Technology Conference (IITC) 2020", which will be held online from October 5-8, 2020. The title of the presentation is High-growth-rate atomic layer deposition of high-quality Ru Using a Novel Ru metalorganic precursor.

[1] Chemical vapor deposition (CVD): CVD is a chemical film formation method. It is a method of forming thin metal films on the surfaces of base materials or substrates through a chemical reaction induced and accelerated by directing energy, in forms such as heat, plasma and light, at gaseous vapor material fed into a reaction chamber at pressures between atmospheric pressures to medium vacuum pressures (100-10-1 Pa).
[2] Atomic layer deposition (ALD): Both CVD and ALD are film formation methods that use chemical reactions inside reaction chambers to deposit material onto substrates through the vapor phase. The main difference between the two methods is that while CVD continually forms atomic and molecular layers, ALD forms the layers intermittently one layer at a time.
[3] Precursors: Precursors are compounds used as the raw material for forming thin metal films and metal wiring on substrates.

TANAKA Holdings Co., Ltd. (Holding company of TANAKA Precious Metals)
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 in consolidated group: 5,138 (FY2019)
Employees: 221 (March 31, 2020)
Net sales of consolidated group: JPY 1,149,604 million (FY2019)
Main businesses of the group: The holding company at the center of TANAKA Precious Metals responsible for strategic and efficient group management and management guidance to group companies.
URL: https://www.tanaka.co.jp/english/
* TANAKA Holdings adopted a holding company structure on April 1, 2010.

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: 2,393 (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a diversified range of business activities 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 resources. As precious metals specialists, all Group companies within and outside Japan work together with unified cooperation between manufacturing, sales, and technological aspects to offer products and services. Additionally, to make further progress in globalization, TANAKA Kikinzoku Kogyo welcomed Metalor Technologies International SA as a member of the Group in 2016.

As precious metal professionals, TANAKA Precious Metals will continue to contribute to the development of an enriching and prosperous society.

The five core companies that make up TANAKA Precious Metals are as follows.
– TANAKA Holdings Co., Ltd. (pure holding company)
– TANAKA Kikinzoku Kogyo K.K.
– TANAKA Denshi Kogyo K.K.
– Electroplating Engineers Of Japan, Limited
– TANAKA Kikinzoku Jewerly K.K.

Press release in PDF: http://www.acnnewswire.com/clientreports/598/20200930.pdf

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TANAKA Develops “TRuST” Precursor for CVD/ALD Processes; Using Liquid Ruthenium Precursor to Achieve World’s Highest Vapor Pressures

TOKYO, Sep 30, 2020 – (ACN Newswire) – TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has developed a new liquid ruthenium precursor named "TRuST" for CVD[1] and ALD[2] processes. The vapor pressure of "TRuST" is more than 100 times higher as compared to that to previous liquid ruthenium (element symbol Ru) precursors[3], which is currently the world's highest vapor pressure value at room temperature as per TANAKA's internal evaluation.

During this precursor development, TANAKA Kikinzoku Kogyo focused on material design and synthesis research, while Professor Soo-Hyun Kim, Ph.D., School of Materials Science and Engineering, College of Engineering at Yeungnam University in South Korea, researched to optimize the film formation characteristics.

Technologies developed through this collaboration will help increase performance and reduce energy consumption for the semiconductor devices used in smartphones, computers, and the data centers where demand is to grow well into the future.

Precursors are metal-organic compounds used in chemical vapor deposition (CVD), atomic layer deposition (ALD) and other processes to form thin metal films or metal wiring on substrates. CVD and ALD processes enable the formation of films with superior step coverage on various types of base substrate. These are useful methods for forming films as semiconductors become increasingly miniaturized, with increased structural complexity, and narrower wires with every new generation.

TANAKA Kikinzoku Kogyo has developed a range of precious metal precursors over the years, including ruthenium precursors. This time, computer simulation and other techniques were used to achieve miniaturization and optimization of the molecular structure. This resulted in the successful development of a precious metal compound in a liquid form, with high vapor pressure, and thermal stability suited for film formation, all of which are important characteristics for precursors. As a result, this compound has the world's highest vapor pressure over 100 times higher than that of previous liquid ruthenium precursors. The higher the vapor pressure of precursors and the smaller their molecular structure, the higher the possible concentration of precursor in the film formation chamber, and the greater the adsorption density of precursor molecules on the substrate surface. Compared to previous precursors, this achieves excellent step coverage and improved film formation speed.

According to research carried out at Yeungnam University, ALD film formation at approximately 1.7 angstrom (A) per cycle is possible, which is the world's fastest of its type using liquid ruthenium precursor. Also, specific resistivity after film formation is approximately 13 microhm-cm, which is close to the value of bulk ruthenium metal (7.6 microhm-cm).

When bulk ruthenium is used for vapor deposition, with a temperature as high as 3000 degrees C. However, if it is converted into an organometallic compound of ruthenium precursor, it can be vaporized at low temperatures (between room temperature to 200 degrees C) under vacuum. As a result, the formation of high-quality ruthenium film with excellent step coverage at high productivity is expected. This has been an issue in the past because it is technically difficult to achieve all these characteristics at the same time. With the development of "TRuST" however, it is now possible.

Samples of Shipments of "TRuST" should begin shipping samples are planned to start in October 2020.

Background and TANAKA Kikinzoku Kogyo's development of precursor for CVD/ALD processes

In the past, the most common wiring materials used for semiconductors were copper, tungsten and cobalt. However, as semiconductors have evolved, there are increasing expectations for the precious metal ruthenium to promote further miniaturization of semiconductors because of its lower resistance and higher durability. With its superior characteristics, ruthenium is also being considered for use in transistor gate electrodes and DRAM capacitor electrodes.

The progress of technologies such as IoT, AI, and 5G over recent years has led to rapidly increasing volumes of digital data used in clouds, smartphones, and computers. Therefore, the need for even greater miniaturization of semiconductors is increasing to enable the creation of devices with higher performance and lower energy consumption. As a specialized manufacturer of precious metals, TANAKA Kikinzoku Kogyo will continue contributing to this evolution of semiconductors through the development of high-quality semiconductor materials.

With the support of Professor Soo-Hyun Kim, from the College of Engineering at Yeungnam University, a researcher from TANAKA Kikinzoku Kogyo will give a presentation of this technology at the "International Interconnect Technology Conference (IITC) 2020", which will be held online from October 5-8, 2020. The title of the presentation is High-growth-rate atomic layer deposition of high-quality Ru Using a Novel Ru metalorganic precursor.

[1] Chemical vapor deposition (CVD): CVD is a chemical film formation method. It is a method of forming thin metal films on the surfaces of base materials or substrates through a chemical reaction induced and accelerated by directing energy, in forms such as heat, plasma and light, at gaseous vapor material fed into a reaction chamber at pressures between atmospheric pressures to medium vacuum pressures (100-10-1 Pa).
[2] Atomic layer deposition (ALD): Both CVD and ALD are film formation methods that use chemical reactions inside reaction chambers to deposit material onto substrates through the vapor phase. The main difference between the two methods is that while CVD continually forms atomic and molecular layers, ALD forms the layers intermittently one layer at a time.
[3] Precursors: Precursors are compounds used as the raw material for forming thin metal films and metal wiring on substrates.

TANAKA Holdings Co., Ltd. (Holding company of TANAKA Precious Metals)
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 in consolidated group: 5,138 (FY2019)
Employees: 221 (March 31, 2020)
Net sales of consolidated group: JPY 1,149,604 million (FY2019)
Main businesses of the group: The holding company at the center of TANAKA Precious Metals responsible for strategic and efficient group management and management guidance to group companies.
URL: https://www.tanaka.co.jp/english/
* TANAKA Holdings adopted a holding company structure on April 1, 2010.

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: 2,393 (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a diversified range of business activities 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 resources. As precious metals specialists, all Group companies within and outside Japan work together with unified cooperation between manufacturing, sales, and technological aspects to offer products and services. Additionally, to make further progress in globalization, TANAKA Kikinzoku Kogyo welcomed Metalor Technologies International SA as a member of the Group in 2016.

As precious metal professionals, TANAKA Precious Metals will continue to contribute to the development of an enriching and prosperous society.

The five core companies that make up TANAKA Precious Metals are as follows.
– TANAKA Holdings Co., Ltd. (pure holding company)
– TANAKA Kikinzoku Kogyo K.K.
– TANAKA Denshi Kogyo K.K.
– Electroplating Engineers Of Japan, Limited
– TANAKA Kikinzoku Jewerly K.K.

Press release in PDF: http://www.acnnewswire.com/clientreports/598/20200930.pdf

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TAITRA’s Smart Manufacturing Webinar a Success, Captures Worldwide Buyer Attention

TAIWAN, Sep 18, 2020 – (ACN Newswire) – The Taiwan External Trade Development Council (TAITRA) announced excellent results achieved at the Taiwan Smart Manufacturing: Webinar & Trade Meeting on September 17. The Webinar captured the attention of buyers worldwide, especially in Europe and Southeast Asia.



Taiwan's smart machinery industry has integrated precision manufacturing technology with innovative information and communication technology to provide total solutions for advanced manufacturing. Being the world's seventh largest machine tool producer and fifth largest exporter of sensors with IOT and BIG Data systems, Taiwan has received global recognition as Asia's Silicon Valley in terms of the smart machine industry.

Five manufacturers joined the Trade Meeting, and presented their quality products together with effective solutions to customers' technical problems. The Trade Meeting offered good opportunities for building up relationships between buyers and sellers. TAITRA was pleased with the fact that a considerable number of transactions are very likely to be concluded.

Accutex was founded in 1991 by a group of engineers. This company has released two leading functions to complete Industry 4.0 intelligent manufacturing. The "probing function" is to work with the controller to reach three-dimensional measurement and complete workpiece alignment automatically; the "final core removal" function is to work with controller software to pick the core when the machining is done. For more information, please visit the website: https://www.accutex.com.tw/.

Da Jie, founded in 1973, is a manufacturer of electrical heating upsetter machines and welding machines. Products feature innovative technology with automation and high production capacity. Its extensive application covers automobile, water tanks, aluminum and titanium machining industries as well as whole-plant equipment production line. Da Jie uses the intelligent controls critical system as their core technology. For more information, please visit the website: https://www.dajieco.com/.

Since 1998, as a manufacturer of grinding machines, Palmary has produced a wide range of products including centerless grinders, cylindrical grinders, internal grinders and vertical grinders in manual, NC & CNC versions. By adopting TQM (Total Quality Management), Lean Production management, the MES (Manufacturing Execution System) in production lines, Palmary produces grinding machines of superior quality with international standard CE norms. For more information, please visit the website: http://www.palmary.com/.

Tailift was established in 1973 by a team of engineer with a management philosophy of "Upgrading Taiwan's Technology; Developing Tailift Brand Products." Since the production of radial drilling machines in 1975, Tailift has developed forklifts, sheet metal equipment, automated equipment and related products. Tailift creates higher product value, and provides not only top-notch fiber laser equipment, but also laser sheet metal technology solutions to customers. For more information, please visit the website: https://www.tailiftgroup.com/.

L&L Machinery is a heavy-duty lathe manufacturer, and provides customized and standard lathes to many industries, such as petroleum, steel, aviation, rubber, plastics, textile. L&L introduces smart design PLM, develops LL series and high-class CNC lathes, integrates design information to develop virtual machine tools, adopts remote monitoring system to connect with customers through IOT, and adopts image information to quickly respond to customers' needs. For more information, please visit the website: http://www.llmachinery.com.tw/.

See the Taiwan Smart Manufacturing webinar at https://youtu.be/ifqK1Y2TvIw.

Please visit Taiwan Smart Machinery at https://twmt.taiwantrade.com, or email the Taiwan Smart Machinery Team at twmt@taitra.org.tw.

Media contact:
ANDY LU
Taiwan External Trade Development Council (TAITRA)
Tel: +886-2-2725-5200 Ext.2614
Email: yenfenglu@taitra.org.tw
Web: https://www.taitra.org.tw/
Ad By BOFT
Organized By TAITRA


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Furuya Metal Has Become the First Japanese Precious Metal Company to Establish a Joint Venture with Anglo Platinum Marketing Limited, a Major PGM Producer in South Africa

TOKYO, Jul 27, 2020 – (ACN Newswire) – Furuya Metal Co., Ltd. (Head office: Toshima-ku, Tokyo; President: Takahito Furuya) has established a new company named "Furuya Eco-Front Technology" on May 27 2020, which will handle environmental businesses that capitalize on low-temperature active catalysts (hereafter referred to as "FT-eco catalysts"), and that on July 1 it signed an agreement to form a joint venture with Anglo Platinum Marketing Limited (Head office: London, the United Kingdom, hereafter referred to as "APML"), a subsidiary of Anglo American Plc. APML, which appreciates Furuya Metal's environmental businesses, is providing 40% of the capital for the new joint venture. This is the first time a major mining company in South Africa where accounts for 70% of the global platinum production, has formed a joint venture with a Japanese precious metal company.

In 2017, Furuya Metal established a mass-production system for FT-eco catalysts that resolves volatile organic compounds (VOCs), which are harmful to humans and cause allergies and offensive odors, as well as ethylene, which accelerates the decay of plants, and has been actively promoting these catalysts.

As urban areas have developed economically in China and Southeast Asian countries, as well as Japan, people are continuously flowing into these areas, which creates food safety issues and increases the need for reducing food waste and improving public hygiene. In order to reduce the food waste due to spoilage and to improve people's health by preventing odor, inhibiting molds, and taking the advantage of the antimicrobial effect, Furuya Metal has recently established a new company. Furuya Metal is aiming to consolidate its business resource related to FT-eco catalyst, expand its distribution channels further, including overseas markets, and promote technology development through a newly formed subsidiary.

Press release (PDF): http://www.acnnewswire.com/clientreports/598/202007.pdf

About FT-eco catalysts

FT-eco catalysts are catalysts in which nanoparticles of precious metals such as platinum are carried in a special ceramic carrier. These catalysts can efficiently resolves VOCs and ethylene within a temperature range between 0 degrees and 30 degrees Celsius (room temperature) and exhibit a high level of catalytic effect when simply placed within the target space. Furthermore, since they almost never need to be replaced, cost reduction and energy saving can be expected. Therefore, it is projected that these catalysts will be utilized by makers of home appliances, such as air cleaners and refrigerators, retails stores that need to maintain the freshness of fruits, vegetables, flowers, and plants, and in logistics applications such as cold chains.

FT-eco catalysts are next-generation, energy-saving, environment-friendly catalysts that, because they work at low temperatures, can be expected to reduce energy consumption, thereby reducing CO2 emissions, and that have the potential of contributing to food waste reduction by maintaining freshness.

Furuya Metal Group specializes in PGM with particularly excellent properties among precious metals, and develops and manufactures products for a wide range of fields, including electronics, optical glass, clean energy, precious metal resource reutilization, environment, and medicine. The company was selected as one of the Global Niche Top Companies Selection 100 by Japan's Ministry of Economy, Trade and Industry (METI) in the program's first year (2014) and again in its second year (2020). We plans to continue capitalizing on its unique technologies to help resolve social issues.

Overview of the new company
– Company name: Furuya Eco-Front Technology Co., Ltd.
– Head office location: MSB-21 Minami Otsuka Bldg., 2-37-5 Minami Otsuka, Toshima-ku, Tokyo
– President: Hideki Kuwabara (Furuya Metal Co., Ltd. director), Wei Chen
– Established: May 27, 2020
– Capital: 250 million yen
– Capital ratio: Furuya Metal Co., Ltd. 60%; Anglo Platinum Marketing Ltd. 40%
– Business description: Development, manufacture, sales, and export of freshness-maintaining, mold-inhibiting, and antimicrobial environmental products that utilize low-temperature active catalysts

Product description video: https://www.youtube.com/channel/UCGZa2eorg4ts1FHxxOOGvPg

[Overview of Furuya Metal Co., Ltd.]

Furuya Metal manufactures industrial-use precious metal products utilizing precious metals with high scarcity value included among platinum group metals (PGM) such as platinum (Pt), iridium (Ir) and ruthenium (Ru). Due to the extreme difficulty in processing these precious metals, the number of industrial-use precious metal manufacturers specializing in PGM is limited, even on a worldwide level. Industrial-use precious metals centered on PGM, can be considered as materials with a vital role in supporting advancements in the fields of electronics, optical glass, clean energy, environment and medicine because of their excellent characteristics such as heat resistance, chemical stability and good electrical conductivity.

The Company specializes in PGM possessing particularly excellent properties among precious metals, and manufactures and sells industrial-use precious metal products such as crucibles (heat-resistant containers), thin film materials, thermocouples (thermometers), and compounds, and is also engaged in recycling businesses, such as refining and recovering rare precious metals in order to most effectively utilize them.

Headquarters: MSB-21 Minami Otsuka Bldg., 2-37-5 Minami Otsuka, Toshima-ku, Tokyo
Representative: Takahito Furuya, President
Founded: March 1951
Incorporated: August 22, 1968
Capital: 5,445 million yen
Listed exchange: JASDAQ Standard (Securities code: 7826)
Employees: 312 (as of June 30, 2019)
Sales: 21,163 million yen (as of June 30, 2019)
Business description: Manufacture and sales of industrial-use precious metal products such as iridium and platinum, and thermosensors. Sales of electronic materials and semiconductor-related products. Manufacture and sales of thin film components.
Website: http://www.furuyametals.co.jp/

Press inquiries
Furuya Metal Co., Ltd. Planning Group of Metal Business Office
Naonori Odaka
E-Mail: odaka@furuyametals.co.jp

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

APOLLO FUTURE MOBILITY GROUP Announces Completion of First Prototype of Next-generation SiC Dual Inverter 800V System Co-Developed with ROHM

HONG KONG, Jul 14, 2020 – (ACN Newswire) – Apollo Future Mobility Group Limited ("AFMG", the "Company" ; SEHK stock code: 860.HK; and together with its subsidiaries, the "Group") is pleased to announce that its subsidiary, GLM Co., Ltd ("GLM"), has successfully completed the first prototype of the next-generation SiC Dual Inverter 800V system which is truly disruptive to the electric vehicle ("EV(s)") market. The SiC inverter was co-developed with ROHM Co., Ltd. ("ROHM"), a well-known Japanese semiconductor and electronic component manufacturer. The completion of the first prototype came just five months after the joint announcement on the co-development made by both parties in February, 2020. The project aims for mass-production in the next 24 months.
First Prototype of Next-generation SiC Dual Inverter 800V System Co-developed by GLM and ROHM



Ground-breaking Technology Achieves Further Miniaturization, Lighter Weight and Higher Output

AFMG and its subsidiaries are dedicated to mobility technology innovations. The newly developed next generation SiC dual inverter 800V system incorporates SiC for power element and offers significant advantages over IGBT switching technologies. The 3-in-1 package system is equipped with solid state battery (SSB) battery management system (BMS) and integrates two inverters and a Power Distribution Unit (PDU), allowing the new inverter system to achieve further miniaturization, weight reduction and higher output compared to conventional products. By applying the system, the weight and recharging time of electric vehicles can be greatly reduced. The Group is committed to further shorten the charging time by the end of 2021.

Mass production is expected to commence in spring of 2022. The Group is looking forward to collaborating with motor manufacturers and battery manufacturers in providing a turn-key solution for one of the most advanced EV powertrains in the world.

The Disruptive Inverter System Is Applicable to a Wide Range of Electric Vehicles

According to Electric Vehicle Outlook 2020 published by Bloomberg NEF in January 2020, over half of all passenger vehicles sold will be electric by 2040. It also expects global EV sales to reach 54 million vehicles by 2040, maintaining a long-term market demand. AFMG is in a prime position to meet the rising market needs with its cutting edge next-generation SiC dual inverter 800V system, which is expected to be applicable to a wide range of transportation such as electric trains, electric buses and different EV models.

Mr. Ho King Fung Eric, Chairman of Apollo Future Mobility Group, said, "The completion of the first prototype of next-generation SiC dual inverter 800V system is an important milestone of AFMG and the EV market. This unique product marks the future of EV powertrains and equips the Group to tap into the ample potential of the EV market. The Group will continue to identify market needs and grasp opportunities by developing innovative and sustainable technologies."

About Apollo Future Mobility Group Limited
Apollo Future Mobility Group Limited ("AFMG", stock code: 860.HK) is a leading integrated mobility technology solution provider with proprietary and disruptive mobility technologies. It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of global advanced mobility technologies.

After completing the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer, in March 2020, the Group rebranded as "Apollo Future Mobility Group", focusing its business development on two pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the "Apollo" brand, the Group provides one-stop turnkey mobility technology solutions by integrating Apollo Automobil and the Group's existing electric vehicle technologies, from ideation, design, modeling, engineering, simulation, prototype production, actual testing, to the delivery of pre-production prototypes to customers, striving to provide the global mobility market with a seamless and comprehensive solution platform.

The Group's subsidiaries include Apollo Automobil, a top-tier European hypercar developer, and GLM Co. Ltd, a leading electric vehicle developer in Japan. In addition, the Group has also expanded its mobility technology offerings by investing in Divergent Technologies, Inc., the world's first 3D printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider.

For more details, please visit http://www.apollofmg.com/


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Otsaw Launches World’s First UV-C LED Disinfection Autonomous Robot

SINGAPORE, Jun 16, 2020 – (ACN Newswire) – Local robotics manufacturer Otsaw Digital Pte. Ltd. ("Otsaw") is pleased to announce that it has launched the world's first UV-C LED Disinfection Autonomous Robot, named "O-RX". Underscoring Otsaw's strengths in the design and development of autonomous robotics and the integration of innovative UV-C LED technology, Otsaw has filed the relevant patents for this new innovation.
Key industry leaders in talks with CEO Mr Ling Ting Ming on ways OTSAW and the technological/robotics industry tackles COVID-19.
(L to R)
Kurt Wee (ASME President), Koh Choon Hui (Chairman, OTSAW), Ho Sing (CEO,
YTL Starhill Global REIT Management Ltd), and Ling Ting Ming (CEO, OTSAW).



From conceptualisation, design, materials procurement, prototype testing to certification, the development of the O-RX was successfully completed in a short 8 weeks. As a testament to its high safety standards and product quality, the O-RX has undergone the relevant safety and testing under various conditions and it has been certified by internationally-accredited TUV SUD.

Eliminating the use of mercury lamps that emits harmful UV-A and UV-B radiations, the O-RX utilises the UV-C LED technology that emits only UV-C light, which is extremely effective when it comes to killing microbes, including harmful bacteria and coronaviruses such as COVID-19. Hence, the UV-C LED technology is much safer and non-cancerous to human skin.

Integrated with the innovative UV-C LED technology, the O-RX has a disinfection rate of more than 99.999% with a range of 2.5 meters and the UV-C LED technology is also more energy efficient than conventional mercury lamps by 70%.

Capable to be deployed for 5 hours on one full charge, the O-RX is also equipped with a 360-degree camera and lidar sensors with self-driving, collision avoidance and artificial intelligence technologies. The O-RX can be controlled and managed remotely via a fleet management control platform that is developed by Otsaw.

To help remove heat generated by the LED, the robot uses a thermal management solution developed by researchers at the Agency for Science, Technology and Research's (A*STAR) Singapore Institute of Manufacturing Technology (SIMTech).

Otsaw will be collaborating with YTL Starhill Global REIT Management Limited, the manager of Starhill Global REIT, and will be running a trial of the O-RX at Wisma Atria commencing from 15 July 2020.

Otsaw's founder and CEO, Mr Ling Ting Ming, commented, "Disinfection is a key part of protecting the health and safety of communities and more than ever, we need to accelerate the rate of automating disinfection as COVID-19 outbreak increased the demand and frequencies of disinfection but at the same time, manpower resources have been curtailed.

"O-RX combines innovative LED technology and robotics to allow the disinfecting process to be fully autonomous, mobile and much safer, thereby achieving a higher disinfection efficiency as compared to conventional methods and reduce the dependence of human resources."

About OTSAW Digital Pte Ltd ("Otsaw")

Established in Singapore since 2015, OTSAW was founded to improve business processes, safety, and everyday lives. With a global team that spreads from Singapore to Silicon Valley, OTSAW builds robotics solutions for security, delivery, and mobility applications, implementing our self-driving and artificial intelligence technologies into OTSAW's cutting edge robotics. For additional information, please visit http://www.otsaw.com.

Issued on behalf of OTSAW Digital Pte Ltd by 8PR Asia Pte Ltd.

Media Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

APOLLO FUTURE MOBILITY GROUP Announces 2020 Interim Results

HONG KONG, Jun 1, 2020 – (ACN Newswire) – Apollo Future Mobility Group Limited ("AFMG", the "Company", HKEx stock code: 860.HK; and together with its subsidiaries, the "Group") announced its first interim results for the six months ended 31 March 2020 (the "Period") since its change in strategic position to become one of the world's leading full-service mobility solutions provider.

Despite being faced with numerous macro challenges during the Period, the Company had successfully aligned its focus to the mobility technology solutions market and made progressive changes to the company structure. The Group recorded a moderate revenue of HK$256.9 million amidst drastic economic downturn caused by the COVID-19 outbreak, in comparison to the 2019 interim results of HK$281.1 million. The Group's loss attributable to owners of the Company for the Period was HK$203.4 million, which was mainly attributable to the fair value losses on financial assets and investment properties caused by the global market declined as well as the impairment of goodwill due to the termination of its legacy businesses. The board of directors are confident of the Group's outlook after all acquisition plans, thus will retain the capital for future developments and in creating shareholder value in long-term.

Successful Completion of Apollo Acquisition and Rebranding

The Group's English name was changed and registered as "Apollo Future Mobility Group Limited" on 13 March 2020 subsequent to the completion of the acquisition of Sino Partner Global Limited ("Apollo"). This transformation marks the Company's determination in capturing new potential business opportunities and future developments in the mobility industry, and will better reflect the Group's business strategies and expansion in new energy vehicle ("NEV(s)") solutions and services.

Additionally, to further strengthen its ability to provide cutting edge technological solutions, the Group announced in October 2019 the proposed acquisition of Ideenion Automobil AG, a German mobility solutions provider principally engaged in the design, development and prototyping of internal combustion engine vehicles and NEVs (dubbed "Project Ideenion"). With its advanced design and engineering expertise, Project Ideenion will further enhance the Group's ability to provide high-end technological solutions to customers upon the acquisition's targeted completion in this year.

Following the acquisition of Apollo, the Group rebranded and focuses its business development on two pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the "Apollo" brand, the Group provides one-stop turnkey mobility technology solutions by integrating Apollo Automobil's and the Group's existing electric vehicle technologies, from ideation, design, modeling, engineering, simulation, prototype production, actual testing, to the delivery of pre-production prototypes to customers, striving to provide the global mobility market with a seamless and comprehensive solution platform.

Steadfast Blueprint for Business Development

During the Period, and prior to the completion of the Apollo acquisition, Apollo delivered two (2) of its flagship hypercar model, the Apollo Intensa Emozione (the "Apollo IE"). Delivery ceremonies took place in Miami, USA and Kyoto, Japan in late 2019. The delivery of the first two (2) Apollo IEs received worldwide media coverage. The Group is now working diligently on delivering the remaining eight (8) Apollo IE by 2021 and creating the next generation consumer products. Both Apollo and GLM, subsidiaries of the Company, are in the process of designing and developing next generation self branded vehicles. The Group is confident in its robust product pipeline and the future of its mobility business.

Regarding the mobility solutions segment, in response to national policies for rapid development of electric vehicle ("EV(s)"), the Group grasped new opportunity to accelerate its business expansion plan in China's NEV market by establishing a joint venture company (the "JV Company") with Jiangsu Jemmell New Energy Automobile Company Limited (a related company of Jiangsu Jinpeng Group Company, one of the PRC's largest EV tricycle manufacturers) during the Period. The JV Company will engage primarily in the design, research and development, and production of NEVs under the "GLM" brand and related automobile parts, along with related technical support and after-sales services. The EVs produced will be targeting the younger generations to meet the market demands in the PRC, Japan, and Southeast Asia.

Significant Breakthrough in Technological Advancement

GLM made significant breakthrough in technological advancement by cooperating with ROHM Co., Ltd ("ROHM"), a leading semiconductor and electronic component manufacturer in Japan, in co-developing 800V silicon carbide ("SiC") dual inverters which can greatly reduce the charging time of EVs. To maintain its competitive edge, not only will the Group continue to accelerate its progress for the launch of the disruptive 800V SiC dual inverter, but also consider cooperation opportunities with motor manufacturers to market the new 800V SiC dual inverter, coupled with the battery management system with solid state battery and the motor manufacturers' own motors as a complete package to international OEMs. The Group is also exploring a licensing model to propel a new revenue stream in the near future and to better focus on research & development and innovation.

Furthermore, the Group is in the process of developing its own vehicle control unit, which is used to control all functions of the vehicle. The Group will continue to make unremitting efforts to optimize its core technologies and strengthen its capabilities of providing state-of-the-art solutions.

Propel New Revenue Source with Licensing Model

The Group has been actively exploring different sources of income leveraging on its renowned brand name and proprietary technologies. Apart from exploring to license its newly developed dual inverters, in May 2020, Apollo entered into the License Agreement with De Tomaso Automobili Limited ("De Tomaso", an Italian car-manufacturing company focused on making sport cars) whereby De Tomaso is granted the rights to use the new vehicular platform designed and developed by Apollo ("the Platform") in their "De Tomaso" branded vehicles worldwide at a minimum aggregate license fee of US$10,000,000 (equivalent to approximately HK$78,000,000) with a term of three years. The Group expects that the first-class Platform will also appeal to other automobile OEMs and hence continue to generate more revenue to the Group under the licensing model. It will continue to explore similar collaborations in the future to fulfill its mobility strategy.

"The first half of FY2020 had been a challenging period for businesses across all sectors. Despite the complications, our Group was fortunate to be comparably less affected as others,"

"The full transformation to an integrated mobility technology provider and the COVID-19 pandemic put slight stresses to our books temporarily. However, in light of favorable policies such as incentives for the deployment of charging infrastructure and technological advancement, the rapid growth momentum of the global mobility engineering market is expected to grow with unprecedented opportunities. It is expected that the demand for mobility solutions will increase in the long-term as OEMs look for significant cost reductions while outsourcing offers considerable ongoing savings and valuable innovations." comments Mr. Ho King Fung, Eric, Chairman of Apollo Future Mobility Group.

Mr. Ho continues, "Our Group is confident that as the PRC gradually opens its automobile market to foreign automobile companies, the Group will be able to partake with our proprietary technologies accumulated through recent acquisitions and strategic cooperations. Along with our recent exciting progress with De Tomaso, we are set to be a pioneer in the mobility technology solutions market, and seek to further expand our footprint across the globe in the coming years."

About Apollo Future Mobility Group Limited
Apollo Future Mobility Group Limited ("AFMG", stock code: 860.HK) is a leading integrated mobility technology solution provider with proprietary technologies that are disruptive to mobility industry. It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of globally advanced mobility assets and networks.

After completing the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer, in March 2020, the Group rebranded as "Apollo Future Mobility Group", focusing its business development on two pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the "Apollo" brand, the Group provides one-stop turnkey solutions by integrating Apollo Automobil and the Group's existing electric vehicle technologies, from ideation, design, modeling, engineering, simulation, prototype production, actual testing, to the delivery of pre-production prototypes to customers, striving to provide the global mobility market with a seamless and comprehensive solution platform.

The Group's subsidiaries include Apollo Automobil, a high-performance European hypercar developer, and GLM Co. Ltd, the first electric vehicle developer in Japan. In addition, the Group has also expanded its mobility technologies by investing in Divergent Technologies, Inc., the world's first 3D metal printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider.

For more details, please visit http://www.apollofmg.com/


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AFMG Announces Successful Co-Development of Disruptive New Generation 800V SiC Dual Inverter with ROHM

HONG KONG, May 13, 2020 – (ACN Newswire) – Apollo Future Mobility Group Limited ("AFMG", the "Company" ; SEHK stock code: 860.HK; and together with its subsidiaries, the "Group") is pleased to announce that following the recent completion of its rebranding, the Group's new business direction has already yielded positive results. AFMG subsidiary GLM Co., Ltd ("GLM"), has successfully co-developed a new generation of 800V silicon carbide ("SiC") dual inverter with ROHM Co., Ltd. ("ROHM"), a well-known Japanese semiconductor and electronic component manufacturer. This is the first important milestone following the joint announcement made by the two parties on 18 February, 2020 regarding the cooperation. Apollo Automobil, an indirect non-wholly owned subsidiary, also announces entering into a license agreement with supercar brand "De Tomaso" whereby De Tomaso will license Apollo Automobil's new vehicular platform in the production of its future vehicles. The Group feels confident and optimistic of its journey into the future of mobility.

Successful Co-Development of Disruptive New Generation 800V SiC Dual Inverter with ROHM
Significantly Reduces Charging Time of EVs
AFMG focuses on mobility technology innovation and has recently made new progress. As compared to the current commonly seen 400V insulated gate bipolar transistor (IGBT) inverter, the new generation of 800V SiC dual inverter, coupled with solid state battery (SSB) battery management system (BMS) can greatly reduce the thermal output, weight and size of the inverter as well as the charging time required. It also allows us to use dual inverter technology to enable independent energy output for each tire, so that the controlling performance is greatly improved with stronger grip.

According to preliminary research data, we can achieve 70% reduction in charging time compared to electric vehicles ("EV") on the market which normally takes 40 minutes – by reaching 80% charge in 12 minutes. The Group targets to further shorten

the charging time to 5 minutes by the end of 2021. Prototype production is expected to complete in June this year while testing in drivable electric prototype cars will commence at the end of 2020. Mass production is expected to begin in spring 2022.

The Group is considering cooperation with motor manufacturers to market the new 800V SiC dual inverter, jointly developed by the Group and ROHM, coupled with the BMS with SSB, as well as the motor manufacturers' own motors, as a complete package, to international mobility brands. The Group is exploring a licensing model to further expand the source of revenue and to better focus on research & development and innovation.

Apollo Platform to be Licensed by Supercar Brand De Tomaso
Enhances Group Market Potential
AFMG also announces Apollo Automobil, an indirect non-wholly owned subsidiary of the Company, entered into the License Agreement with De Tomaso Automobili Limited ("De Tomaso") whereby De Tomaso is granted the rights to use proprietary Apollo platforms ("the Platforms") in "De Tomaso" branded vehicles worldwide at a minimum aggregate license fee of US$10,000,000 (equivalent to approximately HK$78,000,000) with a term of three years commencing from 12 May 2020 and ending on 11 May 2023.

Apollo Automobil is designing and developing a new vehicular platform which can be used in various types of vehicles worldwide. The Platform includes a complete rolling chassis including crash structures, full powertrain, electronics and suspension, and is proprietary to Apollo Automobil. The cooperation will strengthen the Group's business strategy of creating a turnkey platform for "Future Mobility" and will be able to leverage on the success and branding of De Tomaso to demonstrate its capabilities to other potential customers.

Profit Warning for the Six Months ended 31 March 2020*
The Company also announces profit warning to inform the shareholders of the Company and potential investors that the Group is expected to record an increase in consolidated net loss (the "Expected Loss") for the six months ended 31 March 2020 as compared with the consolidated net loss of approximately HK$25,651,000 for the six months ended 31 March 2019.

The Expected Loss is mainly attributable to, among others, (i) the expected decrease in fair value on certain financial assets due to the global market decline; (ii) the potential impairment of certain goodwill due to the termination of the wholesale distributorship of jewellery products and watches in Mainland China; and (iii) the expected decrease in fair value on investment properties due to the softening property market in Mainland China. Following the shift of business focus in recent years, the Group expects factors affecting past results will gradually subside.

Mr. Ho King Fung Eric, Chairman of Apollo Future Mobility Group, comments, "Inverters and batteries have been the bottleneck of R&D in EVs. The achievement of the new inverter is all attributable to the unrelenting efforts of our R&D team who always strives for technological breakthrough in future mobility. The Group plans to apply this revolutionary technology into the new EVs of GLM and believes that it can be further expanded into other EV systems in the future, creating a better all-round experience for users by reducing the charging time required."

Mr. Ho continues, "As for the licensing agreement with De Tomaso, we are pleased to have this opportunity to work with such a prestigious and iconic supercar brand. We believe the collaboration further enhances the Group's brand awareness and expansion into the global mobility market, fostering its future leading position. In sum, we are excited about the future of AFMG and are confident of the Group's new direction."

*The Company is still in the process of preparing and finalising the results of the Group for the six months ended 31 March 2020. The information contained in this announcement is only based on the preliminary assessment by the Board of the unaudited consolidated management accounts of the Group for the six months ended 31 March 2020 currently available to it, which has not been reviewed nor audited by the Company's auditors and are subject to finalization including but not limited to fair value adjustments on investment properties and certain financial assets, impairment assessment on goodwill and other intangible assets and other necessary adjustments.

Shareholders and potential investors are advised to read carefully the interim results announcement of the Company for the six months ended 31 March 2020 which is expected to be announced on or before 31 May 2020.

About Apollo Future Mobility Group Limited
Apollo Future Mobility Group Limited ("AFMG", stock code: 860.HK) is a leading integrated mobility technology solution provider with proprietary and disruptive mobility technologies. It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of global advanced mobility technologies.

After completing the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer, in March 2020, the Group rebranded as "Apollo Future Mobility Group", focusing its business development on two pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the "Apollo" brand, the Group provides one-stop turnkey mobility technology solutions by integrating Apollo Automobil and the Group's existing electric vehicle technologies, from ideation, design, modeling, engineering, simulation, prototype production, actual testing, to the delivery of pre-production prototypes to customers, striving to provide the global mobility market with a seamless and comprehensive solution platform.

The Group's subsidiaries include Apollo Automobil, a top-tier European hypercar developer, and GLM Co. Ltd, a leading electric vehicle developer in Japan. In addition, the Group has also expanded its mobility technologies by investing in Divergent Technologies, Inc., the world's first 3D printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider.

For more details, please visit http://www.apollofmg.com/


Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

We Solutions (860.HK) Changes Name to Apollo Future Mobility Group Limited

HONG KONG, May 9, 2020 – (ACN Newswire) – Apollo Future Mobility Group ( AFMG; 0860.HK; formerly 'We Solutions' ) is pleased to announce completion of its rebranding exercise, and the official registration of new English Company name, Apollo Future Mobility Group Limited. The stock short name will become APOLLO FMG, with effect at 9:00 on 13 May. The Chinese Company name and stock short name will remain unchanged. Meanwhile, the Company has adopted a new company logo, and the website address will change to www.apollofmg.com, signalling the Group's embarkation on a new journey to proactively promote its mobility technology business, and its determination to explore in-depth technological innovation, aiming to establish a new standard as an integrated mobility solution provider.

With the advancement and transformation of the global mobility industry, the Group foresaw ample potential in this marketspace. Through a series of strategic mergers and acquisitions, the Group has successfully transformed into an integrated mobility solution provider. In March, the Group completed the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer. By integrating the technologies of Apollo Automobil with the Group's existing electric vehicle businesses, the Group is able to create a disruptive full-service mobility technology solution platform from ideation, design, modeling, engineering and simulation to prototype production, and actual testing to the delivery of pre-production prototypes to customers.

The acquisition of Apollo Automobil injected state-of-the-art mobility technologies and exceptional brand value into the Group. The acquisition further strengthens the Group's ability to become one of the world's leading technology solution providers of the new energy vehicle and mobility industry. The name change will better reflect the Group's business strategies and expansion and its determination to make a statement in the future of mobility, as well as enhancing its corporate image and competitiveness.

Mr. Ho King Fung Eric, Chairman of Apollo Future Mobility Group, said, "The completion of the Group's rebranding marks a significant milestone in our corporate development and transformation into an integrated mobility solution provider. The series of recent strategic transactions signifies our resolve in becoming a pioneer in future mobility. The Board believes the new English name and logo of the Company uplifts our corporate image and will benefit future business development of the Group and conform to the overall best interests of its shareholders."

About Apollo Future Mobility Group Limited

Apollo Future Mobility Group Limited ( AFMG; 0860.HK ) is a leading integrated mobility technology solution provider with proprietary and disruptive mobility technologies. It is determined to build a world-leading one-stop service platform for "future mobility" through the integration of global advanced mobility technologies.

After completing the acquisition of 86.06% of Apollo Automobil, a European high-performance hypercar developer, in March 2020, the Group rebranded as Apollo Future Mobility Group, focusing its business development on twin pillars, which are Apollo Automobil and Apollo Advanced Technologies (AAT). In addition to the development and sales of hypercars and its cross-branding licensing business under the Apollo brand, the Group provides one-stop turnkey mobility technology solutions by integrating Apollo Automobil and the Group's existing electric vehicle technologies.

The Group's subsidiaries include Apollo Automobil, a top-tier European hypercar developer, and GLM Co. Ltd, a leading electric vehicle developer in Japan. In addition, the Group has expanded its mobility technologies by investing in Divergent Technologies, Inc., the world's first 3D printing automotive manufacturing platform, and EV Power, a leading electric vehicle charging solutions provider.

For further details, please visit http://www.apollofmg.com.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Market Leader in LNG Turbomachinery Controls Awarded Multiple Arctic LNG 2 Contracts

Yamalo-Nenets Autonomous Okrug, Russia, Apr 23, 2020 – (ACN Newswire) – Compressor Controls Corporation (CCC), the global leader in liquefied natural gas turbomachinery controls and a division of Roper Technologies Inc., has been awarded multiple contracts for the Arctic LNG 2 project. The contracts represent the latest collaboration between Novatek and CCC, which previously worked together on turbomachinery optimization and standardization for the Yamal LNG project.

A major LNG development located in the Yamal-Nenets Autonomous Region's Gydan Peninsula, the Arctic LNG 2 project boasts an expected production capacity of 19.8 million tons per year. In CCC, Novatek has selected the world's leading turbomachinery controls expert-one that has its controls on 95.5% of the global LNG market's MTPAs.

Under the contracts, CCC will oversee the turbomachinery controls and optimization of all three 6.6 MTPA LNG trains' centrifugal compressors and expanders. In addition to spearheading anti-surge, performance, quench and other advanced controls, CCC will provide an emulator for use during the plant simulation and its eventual OTS. The company will leverage specialized local and global teams, and collaborate with the field's leading OEMs, to execute and deliver state-of-the-art control algorithms.

"These contracts recognize CCC's performance on the Yamal LNG project and allow us to continue strengthening our partnership with Novatek," said CCC Director of Global Projects, Osama Abou Shabab. "We're proud that Novatek has entrusted our global team to control all critical and non-critical machines in its hallmark Arctic LNG 2 project. CCC's field-tested, proven control techniques and algorithms will maintain and improve the project's targeted RAM."

The Arctic LNG 2 project includes constructing three LNG trains at 6.6 million tons per annum each, using gravity-based structure (GBS) platforms. The project is based on the hydrocarbon resources of the Utrenneye field. As of Dec. 31, 2018, the Utrenneye field's 2P reserves under PRMS totaled 1,138 billion cubic meters of natural gas and 57 million tons of liquids. Under the Russian classification, reserves totaled 1,978 billion cubic meters of natural gas and 105 million tons of liquids.

Project participants include NOVATEK (60%), Total (10%), CNPC (10%), CNOOC Limited (10%) and the Japan Arctic LNG, consortium of Mitsui & Co and JOGMEC (10%). OOO Arctic LNG 2 owns an LNG export license.

Visit novatek.ru/en/business/arctic-lng to learn more about the Arctic LNG 2 project. For more on CCC and Novatek, visit cccglobal.com and novatek.ru.

About CCC

CCC is the leader in turbomachinery train optimization services for the upstream, midstream and downstream oil and gas industry. Engineers and plant managers optimize plant efficiency every day utilizing CCC's expertise. Since 1974, over 37,000 installations have benefited from over two billion hours of CCC's operational experience. This expertise is codified in a comprehensive platform of hardware, software and consulting services that optimize turbomachinery to increase yield, reduce downtime and enhance plant safety.

Contact:
Shady Tawfik
+971-2-446-9671
stawfik@cccglobal.com

Related Links
– Arctic LNG 2 project https://www.newsfilecorp.com/redirect/B02LH84K
– CCC https://www.newsfilecorp.com/redirect/5QreUKPJ

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54751

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com