Tag: Engineering

GMG Appoints Nu-Calgon as THERMAL-XR(R) Distributor for North America

BRISBANE, AUS, Jul 27, 2023 – (ACN Newswire) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG has signed a THERMAL-XR(R) distribution agreement with Nu-Calgon Wholesaler, Inc ("Nu-Calgon"). Nu-Calgon is the leading Heating Ventilation Air Conditioning, and Refrigeration (HVAC-R) specialty chemical supplier in North America and will partner with GMG to provide THERMAL-XR(R) to the HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean.

Nu-Calgon, formerly Calgon Corporation and Calgon Vestal Laboratories, has been a leader in North America's HVAC-R aftermarket for over 70 years. It is strategically headquartered in St. Louis, Missouri, where it distributes its products to thousands of distribution and stocking locations. THERMAL-XR(R) allows Nu-Calgon to continue distributing HVAC-R coatings to their existing distributors with the added value of graphene-enhanced superior heat transfer and corrosion protection.

GMG is in the process of obtaining USA EPA approval for the THERMAL-XR(R) and is reviewing the requirements for Canada, Mexico and the Caribbean countries.

GMG's Managing Director and CEO, Craig Nicol, stated: "We are excited to work with one of the best HVAC-R speciality chemical companies in the North America market with the goal of increasing revenue from our Energy Savings solutions – one of our key objectives for 2023. Nu-Calgon has a great distribution network, a system to train contractors and deploy THERMAL-XR(R) and many years of industry experience. Both parties plan to announce the partnership in more detail as the formal launch date is finalised later this year. I commend the GMG team led by Mark Lock, the General Manager of Sales and GMG's North American Representative Steve Hutchcraft, for their leadership."

DeWight Wallace, Nu-Calgon's President, commented: "We are very pleased to work with GMG on introducing the THERMAL-XR(R) product into the HVAC-R markets for North America – We are always looking for new and innovative technologies and solutions for the HVAC-R market. Thermal-XR is a great fit and will help contractors provide real energy savings to the end user. We are excited to launch this product through our existing distribution network in early 2024 and look forward to providing its Energy-Saving opportunities for our customers."

Figure 1
https://images.newsfilecorp.com/files/8082/175052_7df32eaf342c1aae_001full.jpg

GMG's 4 critical business objectives are:

1. Produce Graphene and improve/scale production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

About Nu-Calgon (www.nucalgon.com)

Nu-Calgon supplies a complete line of specialty chemical products for the HVACR aftermarket that includes: coil cleaners, leak sealants, air purifiers and refrigeration oils, water treatment, ice machine maintenance, and other specialty applications. These products are marketed to air conditioning, heating, refrigeration, and plumbing wholesalers, food service/restaurant suppliers and OEMs.

Nu-Calgon has dedicated factory sales professionals located across the United States and Canada, providing many years of sales and product experience. A state-of-the-art order entry system accesses the Nu-Calgon inventory at the centralised distribution center, enabling prompt, accurate order processing and complete order shipment within 24 hours.

About GMG (www.graphenemg.com)

GMG is a clean-technology company that seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the continued engagement and collaboration with Nu-Calgon pursuant to the distribution agreement, Nu-Calgon's plan to purchase GMG's THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of the distribution agreement with Nu-Calgon to result in the benefit's management expects, Nu-Calgon's plans to launch THERMAL-XR in early 2024, the timing and content of future announcements relating to GMG and Nu-Calgon's partnership, and the Company's and Nu-Calgon's planned or contemplated business, development, and activities and the timelines relating thereto. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the continued engagement with Nu-Calgon pursuant to the distribution agreement, the plans for Nu-Calgon to purchase GMG's THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of GMG to sell THERMAL-XR in Canada, Mexico, and Caribbean countries, the expected benefits of the engagement with Nu-Calgon pursuant to the distribution agreement, the expectation for Nu-Calgon to launch THERMAL-XR in early 2024, that the timing and content of future announcements regarding GMG and Nu-Calgon's partnership will align with management's expectations, and the feasibility of the Company and Nu-Calgon achieving the planned or contemplated business, development, and activities and the timelines relating thereto. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the engagement with Nu-Calgon pursuant to the distribution agreement will not continue as expected, the results of the distribution agreement with Nu-Calgon will differ from current expectations, Nu-Calgon will not purchase GMG's THERMAL-XR(R) for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, GMG will not be able to obtain EPA approval for TXR sales in the USA, the Company will be unable to sell TXR in Canada, Mexico and various parts of the Caribbean, the Company will not benefit from the Nu-Calgon distribution agreement as expected, Nu-Calgon may not launch THERMAL-XR on its expected timeline, the Company's current business objectives and business focus may change, the Company and Nu-Calgon may not achieve the planned or contemplated business, development, and activities and the timelines relating thereto, customer interest and market demand for the use of THERMAL-XR(R) products will not be as expected, public health crises such as the COVID-19 pandemic may adversely impact the Company's business and the ability of Nu-Calgon to distribute the Company's products as anticipated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 18, 2022 available for review on the Company's profile at www.sedar.com.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

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

Sarawak Consolidated Commences Legal Action against Dynamic Prestige Consultancy

KUCHING, MALAYSIA, Jul 27, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that it has initiated legal proceedings against Dynamic Prestige Consultancy Sdn. Bhd from an unfulfilled refund of RM14,000,000.00.
Ku Chong Hong, Managing Director of SCIB


The sum was an initial payment in anticipation of a strategic business partnership in the Engineering, Procurement, Construction and Commissioning (EPCC) sector. As part of the agreement, Dynamic Prestige Consultancy Sdn. Bhd. was to propose a Redeemable Convertible Preference Shares (RCPS) scheme in their company. SCIB, having decided not to proceed with the RCPS, has sought the agreed refund. However, to date, Dynamic Prestige Consultancy Sdn. Bhd. ("Dynamic Prestige") has failed to honour this agreement.

In response to the ongoing litigation, Mr. Ku Chong Hong, Group Managing Director of SCIB, stated, "The initiation of this legal action is a necessary step to protect our company's interests and uphold our financial integrity. We have always operated with full adherence to our contractual obligations and expect the same level of commitment from our partners. We remain confident in our legal position and are committed to ensuring the best outcome for our shareholders and stakeholders."

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

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

SCIB Celebrates Sarawak Day With Life-Saving Blood Donation Drive

KUCHING, MALAYSIA, Jul 21, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad ("SCIB" or the "Company") is pleased to announce that they have organised their annual blood donation drive in collaboration with the Sarawak General Hospital Blood Bank in honor of Sarawak Day. The initiative, known as "SCIB Blood Donation Day", is part of the company's ongoing commitment to giving back to society.
Ku Chong Hong, Managing Director of SCIB


Under the lively banner "Ohh Kitak Juh Derma Darah", the event is scheduled for 22nd July 2023, from 9am to 2pm. The venue is the Department of Transfusion Services and Blood Bank at Sarawak General Hospital, Kuching. SCIB is extending a heartfelt invitation to the community to join hands in this lifesaving cause. This marks SCIB's 4th collaboration with Sarawak General Hospital Blood Bank since their first collaboration in 2020.

"A fundamental part of our ESG philosophy at SCIB is giving back to the community," said Mr. Ku Chong Hong ('Mr. Ku'), Managing Director of SCIB. "This blood donation drive not only aligns with our social responsibility but also embodies the spirit of Sarawak Day – unity and care for one another. We strongly believe that this initiative will enhance community bonding."

To show gratitude to the generous donors, SCIB will be gifting a microfibre shirt to the first 120 participants. This token is a symbol of appreciation and recognition of their invaluable contribution to society.

"Blood donation is a simple act that has an extraordinary impact. We hope that this event will raise awareness about the constant need for blood and inspire more people to become regular donors," added the spokesperson.

SCIB's commitment to sustainability and community investment is a key component of its operating ethos. The company consistently seeks to balance its industrial activities with the welfare of its stakeholders. The SCIB Blood Donation Day is one of many initiatives demonstrating how SCIB fulfils its ESG commitments while making a real difference to people's lives.

The company is encouraging everyone who can to support this critical cause. "Come, join us, and make a difference. Donate blood, save lives. Let's work together to create a healthier Sarawak," urged Mr. Ku.

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

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

Dematic Reduces Noise of Supply Chain Facilities, Enhances Worker Experience With 3D Noise Mapping Audit

ATLANTA, GA, Jul 13, 2023 – (ACN Newswire) – Today, Dematic announced the global launch of its Noise Reduction Portfolio, a comprehensive solution to address loud work environments across supply chain facilities. The offering includes before and after 3D noise mapping audits throughout a facility, enhanced rollers, slats, and belt conveyors that can reduce noises at their source by up to 15 decibels.
Dematic Sliding Shoe Sorter


"The well-being of our customers and their employees is a high priority that includes protecting hearing when working in loud environments like distribution centers," says Andy Randles, Senior Director, Global Lifecycle Support. "By implementing this portfolio of technology, our customers can take the noise levels down in their facilities from a concert hall to a classroom chat. It's a huge step forward in improving work environments."

To diagnose noise levels, Dematic uses 3D noise mapping to conduct on-site testing at customer facilities that visually identifies acoustic hazards, similar to the way a heatmap identifies temperature hazards. Dematic then builds a noise model to simulate how upgrading equipment would reduce noise levels. The company recommends upgrades and installs quiet rollers, slats, and conveyors as needed. Dematic conducts a second test after installation to demonstrate the difference before and after the upgrade was made.

"We're proud to provide such a comprehensive noise reduction portfolio," says Randles. "Reducing noise levels in facilities is not only meaningful for worker health and safety, but also to job satisfaction. We've heard from customers that morale and productivity among workers goes up when noise levels are lower."

According to the National Institute for Occupational Safety and Health (NIOSH), approximately 22 million workers in the U.S. are exposed to noise loud enough to damage their hearing each year. Similarly, studies in Europe have found up to 30 million workers are exposed to occupational noise that endangers their hearing. Results of research studies like these underscore the importance of furthering technology and solutions that protect worker hearing and improve safety.

The new portfolio continues Dematic's focus on reducing noise levels in customer facilities so workers can better communicate and hear safety sounds. In 2022, Dematic introduced new noise reduction features on its linear sorter that included quiet shoes, merge wedges, and slider belts.

For more information about Dematic, visit dematic.com or follow us on LinkedIn, Facebook, and Twitter.

About Dematic

Dematic designs, builds, and supports intelligent automated solutions empowering and sustaining the future of commerce for its customers in manufacturing, warehousing, and distribution. With research and development engineering centers, manufacturing facilities, and service centers located in more than 35 countries, the Dematic global network of over 11,000 employees has helped achieve successful customer installations for some of the world's leading brands. Headquartered in Atlanta, Dematic is a member of KION Group, one of the world's leading suppliers of industrial trucks and supply chain solutions.

Media Contact:
Mandi Baronas
Senior Manager Communications
mandi.baronas@dematic.com
dematic.com

Disclaimer:

This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, for example, changes in business, economic, and competitive conditions (including with respect to further developments in relation to the COVID-19 pandemic), regulatory reforms, results of technical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. We do not undertake any responsibility to update the forward-looking statements in this release.

Contact Information
Mandi Baronas
Senior Manager Communications
mandi.baronas@dematic.com

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

EGO Announces New Partnership with John Deere to Drive Innovation in the Outdoor Power Equipment (OPE) Industry

HONG KONG, Jul 5, 2023 – (ACN Newswire) – Chervon Holdings Limited (2285.HK) recently announced a strategic agreement with John Deere. This enables EGO branded battery products to be sold through John Deere dealers, and both parties will also collaborate on developing new products in the future.

John Deere is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. With the technology-enabled products ( Autonomous 8R Tractor, See & Spray(TM), and E-Power Backhoe), John Deere helps meet the world's increasing need for food, shelter, and infrastructure. Chervon, the parent company of EGO and a leading global player in the Battery-Powered Outdoor Power Equipment (OPE) and Power Tool industry, its products are sold in more than 100 countries.

As part of this agreement, EGO's complete range of mowers, blowers, trimmers, edgers, chainsaws, and snow blowers will be available at John Deere dealers in the United States and Canada starting in the fall of 2023. This collaboration will enable customers to access EGO's innovative and high-performance products conveniently through John Deere's extensive network, known for its commitment to excellence and customer service. In addition, Chervon and John Deere will collaborate on the development of new products in the future.

Currently, the global Outdoor Power Equipment (OPE) industry is undergoing a rapid transformation, and the lithium-ion OPE sector is experiencing a golden period of accelerated growth. Chinese manufacturers have emerged as strong players in the race, capitalizing on their strong lithium-ion supply chain advantages, excellent research and development capabilities, and forward-looking strategies. Among them, Chervon has established a solid competitive barrier through its three pillars of "Product + Brand + Channel". Since its introduction in 2014, its EGO brand has experienced rapid development, leading-edge triple battery technology, and high product quality to secure a prominent position in the industry. The 56V battery pack platform fits all EGO branded products, help consisting the EGO battery pack ecosystem, and has become the top-ranked brand in the lithium-ion platform outdoor power equipment sector. The strong collaboration between Chervon and John Deere, brings together the integrated benefits of technology, channels and brand value, setting an example for leading industry participants actively driving industry innovation.


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

Taiwan Excellence Pavillion Fosters Connections in ASEAN and Beyond Through Successful Debut at AT X SG

SINGAPORE, Jun 30, 2023 – (ACN Newswire) – Excellence in design, quality, Taiwanese R&D, manufacturing and innovation. These attributes of Taiwan Excellence were on full display at the Asia Tech x Singapore (AT x SG) event from 6 to 9 June. The show, which concluded today, saw an array of award-winning technologies in the fields of 5G and smart telecom, security and solutions for enterprises and Artificial intelligence of things (AIoT) smart applications from 15 Taiwanese tech brands showcased to over 17,000 attendees from across the globe.


These leading Taiwanese companies including AIFA, Nilvana, PanelSemi, PLANET, MSi, TPI Software, and Z-Com came together for the first time at AT x SG to display solutions ranging from mini LED displays to smart home controllers, and industrial wireless routers.

Ms Wu Yiling, Director of Taiwan Trade Centre Singapore, said, "We are delighted to make a successful debut at this landmark event. Singapore is an important trade partner of Taiwan, and we have a close and long established bilateral relationship. Through Taiwan Excellence's inaugural participation at ATxSG, we hope to promote partnerships, share our cutting-edge technologies, and facilitate knowledge exchange between leading Taiwanese companies, innovators and members of the ICT industry in the Southeast Asia region, affirming Taiwan's commitment to Singapore and to the region."

Key products that were on display included:

PanelSemi's MagiCylinder, the world's first AM Mini LED direct view display that is flexible, rollable and multi-tiling-able. The MagiCylinder offers low energy consumption and a good cooling system, and is the world's thinnest at only 1mm thickness.

MSi FUNTORO's TS Series, a smart and complete solution with a cloud management platform for electric buses. Through the integration of CANBUS and various sensors, the vehicle and driving data are collected and transmitted to the backend platform to allow real-time fleet management and remote monitoring on system devices, driver behaviors, on-duty time and battery efficiency to enhance fleet safety and operation efficiency.

Z-Com's SP230-S5, an outdoor wireless AP which can operate in point to point, bridge & coverage modes. Based on 802.11ac Wave 2 technology, throughput is up to 1,167Mbps. With built-in high gain antennas & ERIP 38dBm, its coverage can be 400 meters & transmit over 6KM for video streaming at PTP mode.

Rick Ng, Business Development Manager, Z-Com Inc., said, "Being at this exhibition is an important step in gaining a foothold in Singapore and ASEAN. This show has provided us a good opportunity to showcase the latest technology from Z-Com Inc. which focuses on smart telecom including long range wireless routers."

Yvonne Chien, General Manager Singapore, TPI Software, "This experience was definitely a good one, where we were able to showcase our award winning product that uses IP technology, the DigiRunner, a platform for businesses to manage their application programming interfaces, allowing us to form a deeper connection with customers from all over ASEAN."

Chloe Hsu, Marketing Manager, PLANET Technology Corporation, added, "For 20 years in a row, a total of 63 products and solutions from PLANET have received the Taiwan Excellence Award. We are delighted to be able to showcase three of these award winning products and solutions here at the exhibition. We will continue to provide innovative network products for the global market, utilizing advanced technology and environmental sustainability to realize a sustainable network communication infrastructure."

This marked Taiwan's inaugural participation at Southeast Asia's leading trade technology exhibition, which has opened up avenues for the market to reach out to not only their trading and technology partners in the region but also foster further collaborations with partners from ASEAN and the world.

More information about the products displayed at the Taiwan Excellence Pavilion can be found here. https://preciouscomms.box.com/s/p28iqs9c4xgmjcn01lxhsxxoe10atlm3

About Taiwan Excellence Awards

The Taiwan Excellence Awards were established by the Ministry of Economic Affairs in 1993. Every year, eligible candidates are subjected to a rigorous and stringent selection system that covers four major aspects of "R&D", "Design", "Quality" and "Marketing" to identify outstanding products that offer "Innovative Value" while satisfying the key criterion of being "made in Taiwan". Products that have been selected for the Taiwan Excellence Awards would serve as examples of the domestic industries and be promoted by the government in the international market to shape the creative image of Taiwanese businesses.

The organizers of Taiwan Excellence

– The Bureau of Foreign Trade (BOFT), which was established by the Ministry of Economic Affairs (MOEA) on January 1, 1969, is responsible for formulating Taiwan's international trade policies, promoting trade, and managing trade-related activities.

– Taiwan External Trade Development Council (TAITRA)
Founded in 1970, TAITRA is Taiwan's foremost nonprofit trade promoting organization. Sponsored by the government and industry organizations, TAITRA assists enterprises to expand their global reach. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.

For Media Enquiries
PRecious Communications for TAITRA
Tel: +65 6303 0567
Email: taitra2023@preciouscomms.com

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

Tat Hong Equipment Service Co., Ltd. Announces 2022/23 Annual Results

HONG KONG, Jun 29, 2023 – (ACN Newswire) – Tat Hong Equipment Service Co., Ltd. ("Tat Hong" or the "Company", together with its subsidiaries, the "Group") (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its annual results for the year ended 31 March 2023 ("FY2023" or the "Year").

In FY2023, the Group recorded revenue of approximately RMB770.8 million, representing a decrease of RMB96.3 million or 11.1% from the year ended 31 March 2022. Loss attributable to equity holders of the Company for the Year amounted to RMB35.8 million, as compared with a profit attributable to equity holders of the Company of approximately RMB47.6 million for the year ended 31 March 2022. This was primarily due to (i) the dramatic increase of exchange loss of approximately RMB37.2 million arising from foreign currency loans and other exchange risk; and (ii) the decrease in revenue due to the outbreak of COVID-19 and the corresponding control measures particularly in Eastern China, which resulted in the delay and postponement of some projects thereby affected the Group's revenue. Our average monthly service price of tower cranes per tonne metres (TM) in use decreased from RMB279.0 to RMB241.0. The overall gross profit and gross profit margin decreased to RMB173.2 million and 22.5%, respectively.

The Group's total tonne Metres (TM) in use increased from 3,112,084 for the year ended 31 March 2022 to 3,192,710 for the year ended 31 March 2023. As at 31 March 2023, the Group had 281 projects in progress with a total outstanding contract value of approximately RMB566.7million and 44 projects on hand with a total expected contract value of approximately RMB 114.5 million. Of these projects, the Group expects to complete approximately RMB 544.6 million worth of contract work by the end of 31 March 2024, demonstrating solid earnings visibility.

While the PRC market was adversely affected by the COVID-19 outbreak and subsequent pandemic containment measures throughout 2022, the Group proactively optimized its operation and management. The Group's subsidiaries expanded their digital management with the self-developed software "TOP" and "iSmartCon", which improved the efficiency of management and operations. The Group has continued to refine and adjust internal processes to further enhance its business operations. At the same time, the Group strove to seek quality projects and actively pursued business contracts in the clean energy, infrastructure and public construction sectors, especially in delivering services with large-scale tower cranes, so as to improve its business and financial performance in the next reporting period.

Mr. Sean Yau, CEO of Tat Hong Equipment Service Co., Ltd. said, "Against the backdrop of economic recovery and the introduction of favourable policies in the region, China's infrastructure investment and real estate markets are gradually picking up. Together with the 'Outline of the 14th Five-Year Plan and 2035 Long-range Objectives' and the national development goals such as 'expanding domestic demand, accelerating the construction of a modern industrial system and promoting a green transformation of development methods' mentioned at the 'Two Sessions', it is believed that a number of major infrastructure projects will be launched, including traditional infrastructure, new infrastructure and energy projects, which will provide the Group with tremendous business development opportunities. At the same time, given the development opportunities in the Greater Bay Area, the Group has adjusted its internal structure and incorporated two new companies in the South to respond to the opportunities in the area."

Mr. Roland Ng, Chairman of Tat Hong Equipment Service Co., Ltd. concluded, "With the pandemic subsiding and work and production resuming smoothly, the PRC has launched a series of industry subsidy policies and programs to promote economic development. We have entered the post-pandemic era, where both opportunities and challenges exist. Looking ahead, the Group will continue to be guided by the core values of 'Virtue, Safety
and Excellence", and will further improve and focus on the Group's strategic goals for sustainable development. By improving digital management across the Group, we can share resources, reduce costs and improve efficiency, while aggressively pursuing international business. This series of measures can also improve operating efficiency and achieve the Group's goal of becoming the 'best construction equipment service provider'."

About Tat Hong Equipment Service Co., Ltd. (Stock Code: 2153)
Tat Hong Equipment Service Co., Ltd. is the first foreign-owned tower crane service provider established in the PRC. Since 2007, the Group has established as a tower crane service provider for one-stop tower crane solution services from consultation, technical design, commissioning, construction to after-sales services primarily to Chinese Special-tier and Tier-1 EPC contractors. Guided by its core values, "Virtue, Safety and Excellence", the Group has successfully established its market position and maintained stable, reputable and loyal customer base in the construction industry in the PRC.

Media Enquiries
Strategic Financial Relations Limited
Heidi So Tel: (852) 2864 4826 Email: heidi.so@sprg.com.hk
Mel Lai Tel: (852) 2864 4855 Email: mel.lai@sprg.com.hk


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

SCIB Announces Restructuring at Board Level

KUCHING, MALAYSIA, Jun 28, 2023 – (ACN Newswire) – Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB, Bursa: SCIB, 9237) today announced the appointments of Abang Abdillah Izzarim bin Tan Sri Datuk Patinggi Abang Haji Abdul Rahman Zohari as Executive Chairman and Marcus Chin Choon Wei as Executive Director.
Abang Abdillah Izzarim Bin Tan Sri Datuk Patinggi Abang Haji Abdul Rahman Zohari,
Executive Chairman of SCIB

Marcus Chin Choon Wei, Executive Director of SCIB

Ku Chong Hong, Managing Director of SCIB


Abang Abdillah Izzarim is the Chairman of the PP Telecom and a director for Cempaka Helicopter Corporation Sdn Bhd. Marcus Chin Choon Wei is the Chief Financial Officer of Artroniq Berhad, as well as an Executive Director at APB Resources Berhad.

At the same time, the Company is also announcing the appointments of Mr. Kang Wei Luen, Dr. Dang Nguk Ling, and Mr. Liaw Way Gian as Independent Non-Executive Directors, with immediate effect.

Mr. Liaw is an Executive Director and Chief Executive Officer (CEO) of Artroniq Berhad, while Mr. Kang is an Independent Non-Executive Director of Artroniq and APB Resources Berhad. Dr. Dang Nguk Ling is an Independent Non-Executive Directors of APB Resources Berhad where Mr. Liaw also serves as an Executive Director.

SCIB also announced the resignation of Group Chief Executive Officer and Managing Director, Encik Rosland Bin Othman today as well as three Independent Non-Executive Directors, namely En. Noor Azri bin Azerai, En. Mohd Shakir bin Shahimi, and En. Nuraiman bin Shaiful Annuar on Monday, 26 June.

Mr. Ku Chong Hong has since been redesignated to Managing Director, while En. Shamsul Anuar Bin Ahamad Ibrahim has been redesignated to Independent Non-Executive Director effective immediately.

Mr. Ku Chong Hong, the new Managing Director of SCIB, said, "I would like to thank the Board of Directors of SCIB for this appointment, and I would like to extend a warm welcome to Abang Abdillah as our newly appointed executive chairman. I would also like to welcome Mr. Marcus to the Board of Directors (BoD) along with Mr. Kang, Dr. Dang and Mr. Liaw. Together with our recently appointed Independent Non-Executive Director Ms. Toh Beng Suan, their contributions and advice will help bring the Company to new levels of success. I look forward to working closely with them as SCIB will certainly be able to leverage on their experience and expertise."

"We would also like to wish En. Rosland bin Othman for his many years of dedication towards SCIB, and to En. Noor Azri bin Noor Azerai, En. Mohd Shakir bin Shahimi and En. Nuraiman bin Shaiful Annuar well and thank them for their guidance and advice in their time as directors of SCIB."

SCIB has been leveraging on its expertise as an engineering, procurement, construction and commissioning (EPCC) to seek opportunities in small-to-mid-sized projects in rural areas across Malaysia. The Company's wholly-owned subsidiary, SCIB Industrialised Building System Sdn Bhd (SCIBIBS), was earlier this year awarded two school projects, an EPCC subcontract valued at RM16.8 million for the construction of Sekolah Kebangsaan Tambay, in Kota Samarahan and the rebuilding of a Daif school in Serian valued at RM20.65 million, both in Sarawak.

As at the end of 3QFY2023, SCIB's order book stood at a cumulative contract value of RM495.3 million.

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

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

Ching Lee Holdings realises profit returns from increased construction projects

HONG KONG, Jun 27, 2023 – (ACN Newswire) – Ching Lee Holdings Limited "Ching Lee" or "The Group" (stock code 3728.HK) has announced its annual results which have remarkable financial performance with rapid growth of revenue and notable gross profits for the turnaround from loss to profit. The net profit for the year ended 31 March 2023 was recorded a big gain at approximately HK$11.8 million as opposed to the net loss of approximately HK$18.2 million for the year ended 31 March 2022.

The Group's revenue for the year ended 31 March 2023 was recorded at approximately HK$708.8 million which represented an increase of approximately HK$172.3 million or 32.1% from approximately HK$536.5 million for the year ended 31 March 2022. We have continued to see broad-based income momentum across the Group. The increase in a number of new construction projects and effective cost control have helped to drive strong income and balance growth and scale to the business. RMAA works were the highlight of revenue improvement, which soared by about 275% from the prior year. While the superstructure works increased by 23.6%, the substructure works grew by 12.2% for the year.

The Group Chairman Mr. Ng Choi Wah, said: "We are pleased to make good progress in all businesses and have realised returns across all three operating segments. The Group remains confident with the economic outlook and the prospects of the construction industry in Hong Kong as the economy resumes upward momentum due to the full resumption of living. We continue to explore the opportunities in infrastructure and property development projects in future."

During the year, the Group has successfully overcome the impact of the COVID-19 pandemic and recovered speedily. The Group continues to capture different business opportunities with potential construction projects from our current customer networks.

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:

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 September 18, 2017 with stock code 3728.hk. Company website: http://www.chingleeholdings.com

Substructure building works services (Substructure works)
Superstructure building works services (Superstructure works)
Repair, maintenance, alteration and addition services (RMAA)

Substructure and Superstructure building works refer to building works in relation to the parts of the structure below or above the ground level respectively, while RMAA works are for existing structures. The scope of substructure building works projects consisted of demolition and hoarding, site formation and foundation works. The scope of superstructure building works projects consisted of development and redevelopment of educational, residential, and commercial buildings, and the scope of RMAA works consisted of improvement, fitting-out works, renovation works, restoration works and external works.


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

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


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

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

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

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

SEMICON China 2023 Exhibition Outline

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

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

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

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

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

TANAKA Kikinzoku Kogyo K.K.

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

About TANAKA Precious Metals

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

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

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

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

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