GMG Signs THERMAL-XR(R) Distributor Agreements in 4 Asian Countries

BRISBANE, AUS, May 24, 2023 – (ACN Newswire) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG has signed distribution agreements with four separate distributors ("Distributors") to buy GMG's THERMAL-XR(R) and resell in their respective countries in the Heating Ventilation Air Conditioning and Refrigeration (HVAC-R) markets. The Distributors are focused on the following geographical markets: Thailand, Singapore, Indonesia and South Korea.

GMG and certain of the Distributors have successfully completed several THERMAL-XR(R) HVAC-R projects in South East Asia to provide case studies that illustrate the product's local benefits and customer value proposition in these countries.

GMG's Managing Director and CEO, Craig Nicol, commented: "We are excited to be signing up our initial distributors in Asia to build revenue in Energy Savings – one of our key objectives for 2023. We look forward to continuing to work with the Distributors – each a valuable partner for the sale of THERMAL-XR(R) going forward."

Guy Outen, GMG's Chair, commented: "I am very pleased to see these first distributor agreements in Asia – they display confidence in the potential benefit of TXR to existing and new customers of our new distributor partners. I commend the GMG team led by Mark Lock the General Manager of Energy Savings and Senior Business Development Manager Arthur Yen for their leadership."

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 GMG

GMG is a clean-technology company which 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, statements regarding the viability of completed THERMAL-XR(R) HVAC-R projects in South East Asia to serve as case studies which demonstrate the value of GMG's products, that additional distributors in Asia will enter into Distribution Agreements , the impact of the Distributor Agreements on revenue in Energy Savings, the influence of the partnerships with the Distributors on the sale of THERMAL-XR(R), and the business objectives of the Company in 2023 and beyond.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, that the case studies will not convey the benefits of the Company's products in South East Asia, that the effect of the Distributor Agreements on revenue in Energy Savings with differ from management's current expectations, that GMG's objectives in 2023 and beyond will diverge from its current objective, that no additional Distribution Agreements will be reached, and that the value of the partnerships with the Distributions will not align with management's expectations.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the market demand for the Company's products, that case studies will demonstrate the benefits of the Company's products, that additional Distributors will enter into Distributor Agreements, that Distributors will have a direct impact on the Company's revenue in Energy Savings, and that the partnerships with the Distributors will impact the sale of THERMAL-XR(R) going forward.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/167274

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

Taiwan Excellence Debuts at ATxSG 2023 with Award-Winning Tech Solutions

SINGAPORE, May 24, 2023 – (ACN Newswire) – Taiwan Excellence, an award-winning entity established by the Bureau of Foreign Trade and the Taiwan External Trade Development Council (TAITRA), makes its debut at this year's Asia Tech x Singapore (ATxSG) Conference 2023. It will be showcasing over 30 innovative products ranging from smart home solutions and artificial intelligence (AI) tools to Industrial Internet of Things (IIoT) and Smart City applications from 15 leading Taiwanese technology companies.

All products and technologies at the Taiwan Excellence Pavilion have been distinguished with the Taiwan Excellence Award, the highest accolade bestowed upon Taiwan-originated products based on their excellence in design, quality, marketing, Taiwanese R&D, and manufacturing. Through this showcase, Taiwan Excellence hopes to bridge up the bilateral ICT communities and foster more collaborations and partnerships with Singapore and other countries in the region.

Said Wu Yi-Ling, Director of Taiwan Trade Centre, Singapore, "We are delighted to be here at Asia Tech x Singapore. As Asia's flagship technology event, it is the ideal platform for us to show visitors from across the globe Taiwan's technological advancements and prowess, and the tremendous value that we can bring to any potential collaborations. We also look forward to fostering knowledge exchange and deeper partnerships with customers, fellow innovators, and members of the larger Information and communication technologies industry."

Taiwan is currently the sixth largest economy in Asia and currently ranks seventh in global competitiveness and 13th globally in innovation. It has been an indispensable player in the world's high technology sector, dominating the global semiconductor market for the past three decades. The country produces over 60% of the world's integrated circuits and electronic components and accounts for a considerable share of the global computer hardware, and mobile phones. Taiwan is forging its path from being a manufacturing efficiency-focused to an intellectual property- and innovation-driven economy.

The Taiwan Excellence Pavilion is located at Singapore Expo, Hall 3, Booth 3L2-03, and can be visited during the Asia Tech x Singapore Conference 2023 from 7th to 9th June.

Key brands and innovations on show at the Pavilion include:

E-Ink
E Ink Prism is a unique and dynamic material for design which incorporates both black and white, and color changing electronic ink technology. Manufacturers and designers now have the ability to integrate innovative films with surfaces and design to dynamically change colors, patterns, and habitats. Programmable patterns and shapes can be integrated to create designs or functions.

MSI
MSI FUNTORO develops a smart and complete solution with a cloud management platform for electric buses. By integration of CANBUS and various sensors, the vehicle and driving data are collected and transmitted to 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.

Nilvana
Nilvana's Vision Studio is positioned as an intuitive zero-code AI model development tool to assist industries entering the AI field without any technical barriers and thresholds. Nilvana provides multi-person real-time collaborative labeling, and auto-labeling to accelerate AI development and assist customers and partners in boosting their corporate output value and facilitating the integration of AI applications and IoT edge devices.

WebComm
WebComm's OETH Cloud Identity Solution allows enterprises to easily implement passwordless verification, improving the single sign-on (SSO) experience. Featuring information security based on International FIDO standards, it enables on-demand payments which reduce the cost of maintenance and building, and allows for easy enablement and fast implementation for enterprises, passwordless SSO with access to VPN, VDI, and various enterprise systems.

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

Source Intelligence Acquires ChainPoint

SAN DIEGO, CA, May 23, 2023 – (ACN Newswire) – Source Intelligence, an industry-leading software provider of supply chain compliance and ESG management solutions, announces its acquisition of ChainPoint, a software platform for monitoring and securing supply chains.

ChainPoint specializes in helping companies monitor supply chains by connecting systems and sharing information. The company's secure, cloud-based platform allows users to manage and share product, process, and supplier information from raw material to finished product. The flexibility and scalability of ChainPoint's software allow for applicability in any industry, commodity, and supply chain.

The acquisition of ChainPoint enables Source Intelligence to expand its European presence and allows the two companies to better serve their clients in managing and improving sustainable supply chains while reducing cost and risk.

"Joining forces with Source Intelligence will consolidate our position in international markets and further strengthen the innovation and quality of service our team brings to existing and new clients," says Johan Zandbergen, Founder and CEO of ChainPoint.

Together, ChainPoint and Source Intelligence will deliver a broader, more valuable solution to clients and stakeholders worldwide across a wider range of industries. The partnership also enhances Source Intelligence's robust solutions with traceability capabilities for raw materials such as cocoa beans, cotton, timber, palm oil, and many other commodities.

"The acquisition of ChainPoint allows us to trace more raw materials back to their source and expands our ability to serve clients in other industries, including food, apparel, and retail," comments Glenn Trout, CEO of Source Intelligence. "With a broader range of Supply Chain Compliance and Transparency solutions, we are better positioned to serve our rapidly growing global customer base."

About Source Intelligence: Source Intelligence delivers services and software that streamline the evolving complexities of product compliance and ESG management. The SaaS company, based out of San Diego, California, provides fully scalable solutions for Product Compliance, Responsible Sourcing, Sustainability, and Parts Obsolescence that can be configured for the unique needs of every enterprise. For more information, visit www.sourceintelligence.com.

About ChainPoint: ChainPoint was founded in 2003 by Johan Zandbergen. The company is headquartered in Arnhem, The Netherlands, with additional offices in Germany and France. ChainPoint is a specialized, global vendor of supply chain sustainability software for compliance, transparency, and ESG claim verification. The company facilitates customers worldwide to monitor and manage supply chains and enhance transparency towards customers and other stakeholders. ChainPoint's solutions are used by over 70,000 companies globally and are trusted by world-leading brands such as BCI, Tony's Chocolonely, and Next. For more information, visit www.chainpoint.com.

Contact Information:
Amanda Lindberg
Director of Marketing
amanda.lindberg@sourceintel.com

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

GMG Announces Battery Joint Development Agreement with Rio Tinto

BRISBANE, AUS, May 17, 2023 – (ACN Newswire) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Rio Tinto have signed a binding Joint Development Agreement ("JDA") with the goal of accelerating the development and application of GMG's Graphene Aluminium-Ion batteries in the mining and minerals industry. Rio Tinto will contribute technical and operational performance criteria and A$6 million, in exchange for preferential access rights.

Rio Tinto has put the net zero transition at the heart of its business strategy: combining investments in commodities that enable the energy transition with actions to decarbonise their operations and value chains. The JDA seeks to support the accelerated development of GMG's Graphene Aluminium-Ion Batteries for use in heavy mobile equipment and grid energy storage applications in the mining and mineral industry.

The JDA builds on the existing collaboration for Rio Tinto to explore the use of GMG's Energy Saving and Energy Storage solutions (see Company announcement on 18 May 2022). This JDA is effective immediately and is expected to last 2 years with payments spread over the term of the agreement. The JDA aims to co-develop GMG's Graphene Aluminium-Ion battery pouch cell into an initial battery pack/module proof of concept.

Rio Tinto will seek to involve Original Equipment Manufacturers (OEM), including Heavy Mobile Equipment OEMs, to work with GMG and Rio Tinto to align the battery pack development with end use requirements.

Success could see performance enhancements for Rio Tinto, including faster charging and longer-life batteries for heavy mobile equipment and grid energy storage, as well as supporting Rio Tinto's decarbonisation ambitions.

GMG will retain ownership of the intellectual property of the GMG Graphene Aluminium Ion Battery Pouch Cell and Battery Pack. On successful completion of the joint project, Rio Tinto would have the right to procure and use the batteries in their operations.

Rio Tinto Chief Scientist, Nigel Steward, said, "We are excited to expand and deepen our partnership with GMG. We both share a vision of a low-carbon future and for Rio Tinto it's a crucial time to partner with companies like GMG to accelerate battery technology and innovation. We are looking forward to continuing our collaboration and leveraging our combined expertise and resources to develop a truly green battery that has the potential to improve the way we supply and store energy."

GMG's Managing Director and CEO, Craig Nicol, commented: "We are excited to be collaborating with Rio Tinto, one of the world's largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. The collaboration with Rio Tinto on the applications of Graphene Aluminium-Ion batteries is a key step for GMG. Together, with the existing technical and supply chain partnerships already established, this is another important step towards GMG's goal to become a major global supplier of next generation batteries as we continue to de-risk the commercial scale up of this technology."

Guy Outen, GMG's Chair, commented: "I am very pleased to further deepen our partnership with Rio Tinto. I believe the opportunity to work closely with them given their capability and drive as a large potential customer to access leading new technologies will greatly assist the potential development of our next generation Graphene Aluminium-Ion batteries. More broadly, significant customer feedback to GMG has reinforced the opportunity of the pouch cell battery format and this JDA with Rio Tinto is another example. We'll now re-prioritise our energies to developing this form of battery which should further support progress towards our aim of a commercial, large scale, highly competitive battery."

About Rio Tinto

Rio Tinto is a leading global mining and materials company. Rio Tinto operates in 35 countries and produces iron ore, copper, aluminium, critical minerals and other materials needed for the global energy transition and for people, communities, and nations to thrive. They have been mining for almost 150 years and operate with knowledge built up across generations and continents. Rio Tinto's purpose is finding better ways to provide the materials the world needs – striving for innovation and continuous improvement to produce materials with low emissions and to the right environmental, social and governance standards.

About GMG

GMG is a clean-technology company which 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, statements regarding Rio Tinto's contribution to the JDA and the expected benefit thereof, the impact of the JDA on the development of the Company's Graphene Aluminium-Ion Batteries, the development of GMG's pouch cell, the potential involvement of OEM, the duration of the JDA, and the benefits derived from the JDA and the partnership with Rio Tinto more generally.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including that the JDA will not result in the benefits management expects, that the Company's products will not develop as expect, that the impact of the JDA and the partnership with Rio Tinto will differ from management's expectations, that OEM will not assist in aligning the battery pack development with equipment requirements, changes to regional and global market trends, and that the Company will be unable to research, develop and produce certain products and technologies.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's development of certain products, the market demand for the Company's products, that the JDA will benefit both the Company and Rio Tinto, that the partnership with the Company and Rio Tinto will proceed and produce the benefits expected, that OEM will assist in aligning battery pack development with equipment requirements, the duration of the JDA, the Company's ability to research, develop and test its products within anticipated timelines, and market demand for the Company's products.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/165332

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

Hannover Messe 2023 Brings a Positive Impact to Indonesia

Hanover, Germany, May 3, 2023 – (ACN Newswire) – Deutsche Messe AG (DMAG) held a closing press conference at the Industrial Transformation Conference Stage, Hannover Messe Fairgrounds, following the closing of Hannover Messe 2023 on Friday (21/04). Eko SA Cahyanto, Director General of Industrial Resilience, Regions and International Access (KPAII), Indonesian Ministry of Industry, together with Dr. Jochen Kockler, Chief Executive Officer (CEO) of DMAG, and Dr. Gunther Kegel, President of the German Industrial Association, Verband der Electro-und Digitalindustrie (ZVEI), participated in the press conference.

(Photo: Doc. Ministry of Industry)

Eko SA Cahyanto said that as a partner country, Indonesia was pleased to be part of the world's largest industrial exhibition, and this had a positive impact on Indonesia. Visitors to the exhibition had reacted positively to the Indonesia program as Hannover Messe 2023 Partner Country. The program included art performances during the opening ceremony, the opening of the Indonesia Pavilion, country night, business summits and several conferences. Exhibition-goers visiting the Indonesia Pavilion and the 157 co-exhibitors reflected Indonesia's success as a partner country.

Dr. Gunther Kegel, President of ZVEI, noted that even though there were protests taking place simultaneously in various German cities, the five days of Hannover Messe 2023 drew hundreds of thousands of visitors. And in addition to business people, Hannover Messe also attracted political delegations from 50 countries. By comparison with other industrial exhibitions, said Dr Kegel, the Hannover Messe still outperforms among industrial exhibitions.

Dr. Jochen Kockler, the CEO of DMAG, said that the 130,000 visitors to the Hannover Messe would have the same goal in mind, fostering industry that was more resilient to climate change and more competitive. Additionally, countries including China, Korea, the Netherlands and America accounted for 43% of the visitors to Hannover Messe 2023. Furthermore, the Indonesia Pavilion at the Hannover Messe Fairgrounds had attracted around 75% of the large number of overall visitors to this years Messe.

In line with an improving Indonesian industrial sector following the pandemic, its role as partner country for the third time was also positive. Through closing of Hannover Messe 2023, Indonesia had signed one Government/Government agreement, four Government/Business agreements, and twenty-five Business/Business agreements, expected to create jobs for approximately 80,000 people in the country.

Hannover Messe 2023 | Partner Country Indonesia
As Partner Country to Hannover Messe 2023, Indonesia presents more than 150 exhibiting organizations that range from large industrial companies, small and medium-sized enterprises and startups to industrial estates, industrial associations and government ministries and institutions. Indonesia invites you to discover its potential – join the Partner Country's infinite journey at Hannover Messe. Visit https://indonesiahannovermesse.id.

The Ministry of Industry (Kemenperin)
Public Relations Bureau, Jakarta
E: humaskemenperin@gmail.com

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

The Executive Talk by ShareInvestor: Shrinkflex (Thailand) PCL (SET: SFT)

BANGKOK, Apr 27, 2023 – (ACN Newswire) – Mr. Sung Cheong Tsoi, Chief Executive Officer, Shrinkflex (Thailand) PCL (SET: SFT), revealed the company's vision and commitment to being the ASEAN leading Shrink Sleeve Label and Flexible Packaging manufacturer and building sustainable growth through product innovation and the ESG movement.

1. How is the overall growth of Shrinkflex since listing on the Stock Exchange of Thailand, and what are the growth prospects for 2023?

Shrinkflex (Thailand) Public Company Limited (SFT) was listed on the Stock Exchange of Thailand in 2020 during the COVID-19 pandemic. Despite the situation, we continued to grow according to the target. Regarding our business plan, which was informed to the market and investors previously, we brought funds to invest in building the second factory, purchasing machinery, and producing a new product line: flexible packaging.

Emphasizing our position as a leader in the Shrink Sleeve Label production industry, we have continued developing and introducing innovations to customers, including environmental-friendly products. In addition, as part of our sustainability policy and commitment to preserving the environment, we provide customers with a higher value, contributing to overall satisfying growth from 2020-2022.

2. What is the strength of Shrinkflex that keeps you above the competitors in the industry?

First, we have teams of specialists working here. Second, we consistently create innovations for our customers and always continue improving ourselves. For example, we can design and build our own molds, and we are the first manufacturer in Southeast Asian region to do commercialize in the Digital Shrink Sleeve Label. Lastly, another vital point is that our business partners vary in different industries, allowing us to produce shrink sleeve labels for many product categories, from food and beverages, cosmetics, drugs, and medical supplies, to household consumer goods – each requires expertise in different types of printing.

Therefore, all these factors create a significant advantage for Shrinkflex and empower us to grow alongside partners, quickly respond to environmental-friendly innovations, and stay above other suppliers.

3. What is the growth strategy for the next 3-5 years?

As I mentioned, since we entered the market, we have brought capital to expand the business by focusing on developing new product lines, such as flexible packaging, and finding innovations to meet environmental needs. In the next 3-5 years, we aim to capture around the two digits growth and become one of the leading Labeling and Packaging Solutions providers in Thailand and ASEAN.

4. Due to the movement and regulation pressure on the consumption and production of plastic these days, how has Shrinkflex prepared for changes?

Plastic may be difficult to disappear from our daily lives. So, how can we make it environmental-friendly? Whether recycling or reusing, these two solutions are the future of the shrink sleep label industry. At Shrinkflex, our shrink sleeve labels, with plastic bottles, can be processed and crushed into the recycling system. This innovation was certified by the American Plastics Recycling Association (APR), and we received the GreenShrink trademark last year. The qualification has proved another step toward success. In addition, we also offer flexible packaging that uses mono-material, which can be 100% recycled as well.

5. How has Shrinkflex established the ESG strategy? (ESG: Environment, Social, and Corporate Governance)

For many years before being listed on the stock market, Shrinkflex had been committed to driving the development of environmentally friendly products and sustainability schemes. Today, as a public company, our policy has been more functional and covers all departments.

For the Environment part, Shrinkflex provides concrete measures to reduce Carbon Footprint, such as oil and wastewater treatment systems, as well as solar panels installation in the factory. While the solar panels at our first plant help produce 450 kW of clean energy, the new set at our second factory will have the capability of up to 600 kilowatts.

For the social aspect, covering internal operations, business partners and nearby communities, Shrinkflex has demonstrated tangible actions reflecting our commitment to social responsibility. Especially for the employees, we emphasize personnel development and provide favorable welfare to improve their well-being.

For the corporate governance part, Shrinkflex has been rated 4-star corporate governance, known as the "Very Good" CG Scoring, by the assessment under the Corporate Governance Report of Thai Listed Company (CGR) project, powered by the Thai Institute of Directors Association (IOD). This award guarantees our excellent performance.

Finally, even before or after being listed in the market, I want to emphasize our consistent commitment to building a sustainable business. Whether by expanding strategic partners or adding value to our products and customers with various innovations, investors can trust Shrinkflex and grow sustainably with us.

Watch Executive Talk by ShareInvestor on YouTube ShareInvestor Thailand: https://youtu.be/Ic1NLZPAWGk

About The Executive Q&A Series

The Executive Q&A Series is presented by ShareInvestor, Asia's leading financial internet media and technology company and the largest investor relations network in the region. For more information, email admin.th@shareinvestor.com, and visit our Website: www.ShareInvestorThailand.com.

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

Hannover Messe 2023: Indonesian Businesses Open Opportunities for Development of Industrial Waste Treatment Technology and Circular Economy

Hamburg, Germany, Apr 23, 2023 – (ACN Newswire) – The Hannover Messe 2023 exhibition is a great opportunity for Indonesia to achieve its goal of being among the top 10 strongest economies in the world by 2030. It is hoped that Indonesia's participation as Hannover Messe 2023 Official Partner Country will broaden and open up new cooperation prospects for the co-exhibitors, according to Minister of Industry Agus Gumiwang Kartasasmita.

Hannover Messe 2023: The Indonesian Food and Beverage Producers Association (GAPMMI), a co-exhibitor, with MARS-ENVOTEC (SG/DE) agreeing to support the circular economy by developing industrial technology for the recycling process. MARS-ENVOTEC will also join Ministry of Industry's PIDI 4.0 (Center for Digital Industry 4.0) as an expert on renewable energy and waste management.

Regarding these prospects, there is currently a fast-growing trend worldwide for waste and food segregation solutions for the food and beverage industry as well as other industries. Hannover Messe 2023 is intended to foster breakthrough in the form of digital transformation and climate-neutrality with the participation of company representatives from the sustainable technology sector. Therefore, Indonesia's economic potential to be able to compete worldwide will be significantly boosted by the synergy between digitization and environmental sustainability.

MARS-ENVOTEC, a technology firm with offices in Singapore and Germany, expressed interest in working with the Indonesian Food & Beverage Industry Association (GAPMMI), one of the co-exhibitors at the Hannover Messe 2023. In a business meeting, Monday (17/4) Hannover time, MARS-ENVOTEC agreed to support the circular economy industry by developing technology and knowledge related to the recycling process.

MARS-ENVOTEC offers innovative and holistic solutions for the widespread application of advanced waste transformation technologies such that waste materials can be converted back into clean and renewable energy. MARS-ENVOTEC CEO Sven Ische said the company plans to apply waste management solutions from upstream to downstream to make synthetic fuels and other green energy products from municipal waste, plastics and organics in Indonesia. "With the establishment of this collaboration with GAPMMI, Indonesia will be the first country in Asia to have the opportunity to use recycling equipment and green energy from MARS-ENVOTEC," he said.

Asia Pacific MARS-ENVOTEC Managing Director, Bambang Indrawan said, the first zero-emission factories in Indonesia have been constructed in Pekanbaru and Lombok. Additionally, MARS-ENVOTEC will collaborate with the Ministry of Industry's PIDI 4.0 (Center for Digital Industry 4.0) as an expert in the fields of renewable energy and waste management.

Eko S.A. Cahyanto, Director General of Industrial Resilience, Regions and International Access, stated on this occasion that the Ministry of Industry will keep encouraging the advancement of industrial technology and those who support it. Moreover, organizing this recycling industry cooperation can be Indonesia's first step in meeting the needs of a circular economy and net zero carbon emissions.

Hannover Messe 2023 | Partner Country Indonesia
As Partner Country to Hannover Messe 2023, Indonesia presents more than 150 exhibiting organizations that range from large industrial companies, small and medium-sized enterprises and startups to industrial estates, industrial associations and government ministries and institutions. Indonesia invites you to discover its potential – join the Partner Country's infinite journey at Hannover Messe. Visit https://indonesiahannovermesse.id.

The Ministry of Industry (Kemenperin)
Public Relations Bureau, Jakarta
E: humaskemenperin@gmail.com

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

Indonesian President and German Chancellor Attend Hannover Messe 2023 Opening Ceremony

Hanover, Germany, Apr 20, 2023 – (ACN Newswire) – Inaugural opening ceremonies for Hannover Messe 2023 took place on Monday night (16/4) local time in Hannover. Indonesia was once again given the golden opportunity to take on the role of an official partner country during this year's event. Previously, during the Covid-19 epidemic, Indonesia had become a partner country in Hannover Messe 2021: Digital Edition. The opening ceremony of the largest industrial exhibition event was held on Sunday, April 16, 2023, at 18:00 local time.

Indonesian President Joko Widodo delivering his remarks at the opening of the Hannover Messe 2023 in
Hannover, Germany, on Sunday evening (April 16, 2023) local time. (ANTARA/HO Biro Setpres)

Joko Widodo, the President of the Republic of Indonesia, and Olaf Scholz, the Chancellor of Germany, were present for the opening ceremony of Hannover Messe 2023, which was held at the Hannover Congress Centrum in Hannover. The inauguration by the two leaders of both countries marked the start of the annual exhibition, which has been running for more than 74 years.

At Hannover Messe 2023, Indonesia presented the theme "Making Indonesia 4.0." The President stated that the theme is extremely relevant for Indonesia, which is undergoing economic transformation through innovation and technology. "Indonesia is currently implementing two big strategies, namely downstream industry and green economy," said President Joko Widodo.

Moreover, the abundance of natural resources, the enormous demographic and market benefits, and a robust economy are factors that support the downstream industry policy. Therefore, Indonesia aims to lead the electric vehicle (EV) market with these encouraging factors. "Indonesia is very open to foreign investment and collaborative efforts to develop Indonesia's downstream industries. Moreover, 21 commodities are predicted to achieve an investment value of USD 545.3 billion by 2040, according to the downstream industry roadmap," the President added.

Indonesia has a strong commitment to preserving environmental sustainability in the green economy. Furthermore, in 2023, it is targeted that up to 23% of energy will come from new and renewable sources (EBT), and all coal-burning plants will be shut down by 2025. Indonesia must, however, ensure that the energy transition can provide the population with a reasonable price. "Of course, this effort will require financial support; it will cost at least USD 1 trillion until 2060. Therefore, to develop a green economy, Indonesia invites German investors. Again, Indonesia is very open to partnerships and investments," said the President.

As stated by the President of the Republic of Indonesia, the Chancellor of Germany said that Indonesia will soon become a member of the "cooperative climate club" due to its goal of completely decarbonizing the electrical sector by 2025. "Additionally, Germany will encourage investments totaling EUR 10 billion in Indonesia from the G7 countries. I invite all of you, German companies, to take this opportunity to ensure that this goal's spirit is appreciated," said Chancellor Olaf Scholz.

Following the event, Bettina Stark-Watzinger, the Federal Minister of Education and Research, presented the Hermes Award winner during the series of opening ceremony events, which were organized by Deutsche Messe AG (DMAG). All companies registered as exhibitors at the Hannover Messe 2023 events are eligible to participate in the Hermes prize event, which is the worldwide technological prize presented by Hannover Messe. The winner of the Hermes Award at the Hannover Messe 2023 is Bosch Rexroth, which is considered to meet the requirements for technological innovation, industrial benefit, environment, and society.

The Hannover Fairground will host the Hannover Messe 2023 during the next five days, ending on April 21, 2023. In this event, Indonesia collaborated with 157 co-exhibitors from industrial firms, including industrial startups, associations, industrial estates, Special Economic Zones, and educational institutions, as well as the National Capital of the Archipelago (IKN).

Partner Country 2023 – Indonesia

As Partner Country to Hannover Messe 2023, Indonesia presents more than 150 exhibiting organizations that range from large industrial companies, small and medium-sized enterprises and startups to industrial estates, industrial associations and government ministries and institutions. Indonesia invites you to discover its potential – join the Partner Country's infinite journey at Hannover Messe. Visit https://indonesiahannovermesse.id.

The Ministry of Industry (Kemenperin)
Public Relations Bureau, Jakarta
E: humaskemenperin@gmail.com

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

Optimas Appoints Industry Veteran Phil Battaglia as Chief Financial Officer

WOOD DALE, IL, Apr 18, 2023 – (ACN Newswire) – Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced today the appointment of Phil Battaglia as Chief Financial Officer. Battaglia possesses over 25 years of financial management and reporting expertise, most recently leadership experience at Caterpillar Inc.

Phil Battaglia, CFO of Optimas Solutions. Phil Battaglia comes from Caterpillar to become Optimas Solutions' new CFO.

"We are delighted to have Phil on board in such an important role for us," said Daniel Harms and Mike Tuffy, Optimas' dual CEOs. "As we continue to elevate our business, we needed someone in our CFO position with the financial acumen and customer-oriented thinking that Phil brings to us. We believe Phil will be essential to strengthening Optimas' solid financial foundation and partner with us to ultimately enhance how we serve our customers."

"Optimas is well positioned for a successful future driven by our customers' needs," Battaglia said. "I think I can bring that customer perspective to Optimas given my experience at Caterpillar. While I was there, I worked with suppliers such as Optimas and understand what OEMs want and need. I'm excited about the long-term impact of the Optimas team, its products and processes, not only for us, but more importantly for our customers."

Battaglia comes to Optimas from Caterpillar, where he held various positions including Vice President of Financial Planning & Analysis, CFO of Caterpillar's Product Support & Logistics Division, and Assistant Corporate Treasurer. Prior to Caterpillar, he was an investment banker at Citi where he advised customers in the industrials and mining sectors on M&A and financing transactions. Battaglia holds a BA degree in economics from Northwestern University and is certified by The Institute of Management Accountants.

About Optimas Solutions

Optimas is the leading global industrial distributor and service provider specializing in fastening and supply chain solutions for manufacturers seeking to improve efficiency and profitability. We take care of the details so customers can focus on manufacturing cutting-edge products – giving them an unparalleled competitive edge. Visit optimas.com and follow us on LinkedIn www.linkedin.com/company/optimas-solutions/ and Twitter @Optimas_S.

Contact Information
Meghan Lane
Senior Marketing Manager
meghan.lane@optimas.com
+1 (630) 716-3416

Tom Bryan
Marketing Manager
tom.bryan@optimas.com
44 (0)7725 109294

SOURCE: Optimas Solutions

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

Indonesia Invites Investment and Collaboration – Hannover Messe 2023

Hamburg, Germany, Apr 18, 2023 – (ACN Newswire) – Indonesia is keen to exhibit its openness to investment and collaboration with all countries to achieve common prosperity, and this month, Indonesia has been named the official partner country for the Hannover Messe 2023 in Germany. "Indonesia is open to cooperation and investment, and let us collaborate to achieve common prosperity," President Joko Widodo said during the Hannover Congress Centrum, Germany, on Sunday local time.

Indonesia is the official partner country for the Hannover Messe 2023, one of the world's largest trade and industrial fairs. The country is also open to investment and cooperation in developing the downstream process and green economy.

With its abundant natural resources, demographic bonus, huge markets, and maintained economy, Indonesia has the capital to be a major player in global industries. "The Making Indonesia 4.0 theme is highly relevant for Indonesia, which is now striving to transform its economy through innovation and technology," President said.

Indonesia aims to secure investment worth Rp30 trillion through its participation as the Official Partner Country at Hannover Messe 2023

According to the Coordinating Minister for Economic Affairs, Airlangga Hartarto, Indonesia expects a number of investment sectors, including the manufacturing sector, especially renewable energy, as well as in industrial areas or special economic zones, and technological innovations, such as neonatal respiratory system medical devices, automotive components, and fertilizer maintenance instruments.

To date, a total of 19 new cooperation agreements have been signed between Indonesia and other countries during the Hannover Messe 2023 event. The 19 cooperation agreements comprise three government-to-business (G2B) agreements and 13 business-to-business (B2B) agreements including cooperation in semiconductors, solar power, medical devices, waste management, chemical industry, development of CNC milling, Internet of Things, digital industry, electric vehicle charging, and battery systems, industrial parks, energy sustainability, and transition, human resources, as well as start-ups and innovation.

The Hannover Messe, based in the German state of Lower Saxony, is the world's leading trade fair for the industry, featuring four thousand companies from various fields that showcase their technologies and solutions for a connected and climate-neutral industry.

President Jokowi officially opened the Indonesian National Pavilion during the Hannover Messe located in Hall 2 of the exhibition venue. The exhibition will run from April 17 to 21, 2023. Indonesia established a 3,000-square-meter pavilion, and 1,500 square meters of it are allocated to hundreds of participating national co-exhibiting institutions and companies.

The Indonesian government involves 157 co-exhibitors to promote their products at the pavilion, including business entities, associations, industrial areas, special economic zones, state-owned enterprises (SOEs), lending agencies, ministries, and public institutions.

A series of seminars, conferences, and business summits will be conducted in the pavilion, involving various business actors, industry players, investors, and economic associations.

The government chose the theme "Infinite Journey" for the exhibition this year to describe Indonesia's journey towards a limitless future with a spirit of optimism and broad future potential.

Partner Country 2023 – Indonesia
As Partner Country to Hannover Messe 2023, Indonesia presents more than 150 exhibiting organizations that range from large industrial companies, small and medium-sized enterprises and startups to industrial estates, industrial associations and government ministries and institutions. Indonesia invites you to discover its potential – join the Partner Country's infinite journey at Hannover Messe. Visit https://https://indonesiahannovermesse.id.

The Ministry of Industry (Kemenperin)
Public Relations Bureau, Jakarta
E: humaskemenperin@gmail.com

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