JE Cleantech (JCSE) Announces Annual General Meeting Results

SINGAPORE, Dec 7, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), ("the Company") a Singapore-based cleantech company, today announced the results of the Company's Annual General Meeting of Shareholders (the "AGM") held on December 6, 2022, at the Company's offices located at 3 Woodlands Sector 1, Singapore 738361.

Appointment of Board of Directors

At the AGM, the shareholders of the Company approved and ratified the appointment of Hong Bee Yin, Long Jia Kwang, Joanne Khoo Su Nee, Karmjit Singh, and Tay Jingyan, Gerald as members of the Board of Directors to serve for the ensuing year.

Approval of Equity Incentive Plan

At the AGM, the Company's shareholders also approved a resolution to adopt the Company's 2022 Equity Incentive Plan.

About JE Cleantech Holdings Limited

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

Disclaimer: Forward looking statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.

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

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

Revealing crystal structures robotically

TSUKUBA, Japan, Dec 2, 2022 – (ACN Newswire) – Researchers at the National Institute for Materials Science (NIMS) in Japan have automated a complex and labour-intensive process for analysing the results of X-ray diffraction studies, which are used to determine the structure of crystalline materials. The team described the development and application of their technique in the journal Science and Technology of Advanced Materials: Methods.

By combining machine learning with robotic process automation, researchers automated a mathematical procedure that determines the structure of crystalline materials. (Credit: ktsdesign/123rf)

X-rays fired at a crystal interact with the geometric arrangement of its particles and are diffracted in many directions in a complex pattern of rays that depends on the crystal's precise structure. Experts analyse the pattern and intensity of the diffracted X-rays to determine the crystal's internal arrangement. This is a powerful and widely used process for revealing the three-dimensional atomic structure of new materials.

A well-established mathematical procedure, called Rietveld analysis, is used for interpreting X-ray diffraction data, but it is time-consuming and requires manual trial-and-error refinement of the results.

"To reduce human costs and resources, we have developed a robotic process automation (RPA) system that we apply to an existing Rietveld analysis program called RIETAN-FP," says Ryo Tamura of the NIMS team. "By using our new procedure, with the help of machine learning, we have succeeded in performing Rietveld analysis automatically," Tamura adds.

The automation can be run on a personal computer and can reduce human error as well as greatly speed up the data analysis.

Tamura explains that the field of materials science already relies on numerous graphical user interface (GUI) applications to calculate a material's properties, control experimental equipment, or analyse material data. He says that combining this new RPA and machine learning ability with these applications achieves a "closed loop" to automatically design and analyse materials with minimal human intervention.

The researchers verified the accuracy of their procedure by analysing samples of powdered compounds whose crystal structures are already known. The ability to determine the structures from powdered samples is one of the great strengths of Rietveld analysis. It avoids the need to grow large single crystals, which can be extremely difficult to obtain for some materials.

"Automating Rietveld analysis brings a very powerful new tool into the entire field of materials science," Tamura concludes.

The researchers are now working to further refine their procedure to make it suitable for more complex crystal structures. Another aim is to explore the use of their machine learning RPA strategy for more general applications in materials science. The possibilities include numerous simulation methods used for calculating material properties, and also applications for controlling experimental equipment. The success achieved thus far with X-ray diffraction could just be the start for Rietveld robotics.

Further information
Ryo Tamura
National Institute for Materials Science
Email: tamura.ryo@nims.go.jp

About Science and Technology of Advanced Materials: Methods (STAM Methods)

STAM Methods is an open access sister journal of Science and Technology of Advanced Materials (STAM), and focuses on emergent methods and tools for improving and/or accelerating materials developments, such as methodology, apparatus, instrumentation, modeling, high-through put data collection, materials/process informatics, databases, and programming. https://www.tandfonline.com/STAM-M

Dr. Yasufumi Nakamichi
STAM Methods Publishing Director
Email: NAKAMICHI.Yasufumi@nims.go.jp

Press release distributed by Asia Research News for Science and Technology of Advanced Materials.

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

JE Cleantech (JCSE) Announces Strong Growth in Q3 2022

SINGAPORE, Nov 30, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), ("the Company") a Singapore-based cleantech company, today announced encouraging Q3 financial results, for the three months period ended 30 September 2022 (the "reporting period"). During the reporting period, the Company has maintained strong growth in its overall business performance with revenue that more than doubled and a strong turnaround in net income.

For the three months period ended September 30, 2022, the Company's total revenue increased by approximately S$3.5 million or 141.8% to approximately S$5.9 million from approximately S$2.4 million in the quarter ended September 30, 2021. The increase was mainly derived from the increase in revenue generated from the Company's sale of cleaning systems and other equipment business of approximately S$3.2 million and the provision of centralized dishwashing and ancillary services business of approximately S$0.3 million, attributable to the post COVID-19 recovery of business.

Net income of the Company for the reporting period amounted to approximately S$0.6 million, compared to a net loss of approximately S$0.2 million in the same period last year, indicating a significant turnaround for its business performance.

During the reporting period, the Company recorded a gross profit margin of approximately 26.0%, an increase of 63.5% year-over-year. Diluted Earnings Per Share was approximately S$0.05, compared to the basic losses per share of approximately S$0.01 during the same period in 2021.

Ms. Bee Yin Hong, CEO and Founder, JE Cleantech said, "We are excited to announce that JE Cleantech has performed well during Q3 2022. Our Q3 results reflect our strong focus on exploiting the rapid recovery of the electronic manufacturing and F&B sectors. As a leading manufacturer of precision cleaning systems and provider of centralized dishwashing and ancillary services in Singapore, we will continue to drive our long-term expansion plans".

JE Cleantech has been providing centralized dishwashing services in Singapore since 2013, for customers in various industries, including HDD manufacturing, semiconductor manufacturing, food and beverage, and public transportation. The Company's revenue contributes approximately 15 per cent market share in 2020 in terms of revenue (source: Euromonitor estimates from desk research and trade interviews with leading centralized dishwashing services providers and the relevant trade associations in Singapore). Moving forward, the Company will persistently spare no efforts in further expanding its business, widening its product offerings to more industries, growing its market share, and generating long-term and sustainable returns for its shareholders and investors.

About JE Cleantech Holdings Limited

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

[1] These financial and other data for the three months and nine months periods ended September 30, 2021 and 2022 have not been audited or reviewed by the Auditors.

Disclaimer: Forward looking statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.

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

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

New data extracted from old for materials databases

TSUKUBA, Japan, Nov 7, 2022 – (ACN Newswire) – A new approach uses data from one type of test on small metal alloy samples to extract enough information for building databases that can be used to predict the properties and potentials of new materials. The details were published in the journal Science and Technology of Advanced Materials: Methods.

The scientists used computer simulations to build database of material properties.

The Scientists found a way to use topography around indentation impression to predict other properties measured by a tensile or compression test.

The test is called instrumented indentation. It involves driving an indenter tip into a material to probe some of its properties, such as hardness and elastic stiffness. Scientists have been using the data extracted from instrumented indentation to estimate the stress-strain curve of materials using computational simulations. This curve, and the data it provides, is important for understanding a material's properties. That data is also used for building massive materials databases, which can be used, in conjunction with artificial intelligence, for predicting new materials.

A problem scientists face is that this approach for estimating material properties is limited when it comes to materials called 'high work-hardening alloys': metal alloys, like steel, that are strengthened through physical processes like rolling and forging. Only so much information can be estimated from the curve of these materials. To get the necessary additional information needed to determine their properties, more experiments would need to be done, which costs time, effort and money.

Ta-Te Chen of the University of Tsukuba and Ikumu Watanabe of the National Institute for Materials Science in Japan have developed a new computational approach to extract that additional information from instrumented indentation tests on work-hardening alloys.

"Our approach builds on an already-existing model, making it ready for use in industry. It is also applicable to existing data, including hardness," says Watanabe.

The approach involves combining the results from two computational models, the power-law and linear hardening models, which produce their own individual stress-plastic strain curves from information gathered from indentation tests. Combining the data from both curves provides the extra data that, when added to the original stress-strain curve, shows a more holistic picture of the work-hardening alloys' properties.

The scientists validated their approach by using it on a high-work-hardening stainless steel.

We have extended this approach to also evaluate mechanical properties at elevated temperatures, which can contribute to the development of high-temperature alloys," says Chen.

Further information
Ikumu Watanabe
National Institute for Materials Science
Email: WATANABE.Ikumu@nims.go.jp

About Science and Technology of Advanced Materials: Methods (STAM Methods)

STAM Methods is an open access sister journal of Science and Technology of Advanced Materials (STAM), and focuses on emergent methods and tools for improving and/or accelerating materials developments, such as methodology, apparatus, instrumentation, modeling, high-through put data collection, materials/process informatics, databases, and programming. https://www.tandfonline.com/STAM-M

Dr. Yasufumi Nakamichi
STAM Methods Publishing Director
Email: NAKAMICHI.Yasufumi@nims.go.jp

Press release distributed by Asia Research News for Science and Technology of Advanced Materials.

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

JE Cleantech Holdings Limited Announces Receipt of NASDAQ Notification Regarding Minimum Bid Price Deficiency

SINGAPORE, Nov 4, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), a manufacturer of a broad range of cleaning systems, announced that on November 3, 2022, it received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the "Nasdaq Notification"). The Notification stated that the Company's ordinary shares failed to maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). Receipt of the Nasdaq Notification does not result in the immediate delisting of the Company's ordinary shares and has no immediate effect on the listing or the trading of the Company's ordinary shares on the Nasdaq Capital Market under the symbol "JCSE".

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days from the date of the Nasdaq Notification, or until May 2, 2023, to regain compliance with the Minimum Bid Requirement. If at any time before May 2, 2023 the closing bid of the Company's ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, the Company will be deemed to have regained compliance with the Minimum Bid Requirement following which Nasdaq will provide a written confirmation of compliance and the matter will be closed.

In the event that the Company does not regain compliance by May 2, 2023, the Company may be eligible for additional time to qualify. To qualify for additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market with the exception of the bid price requirement.

In the event that the Company does not regain compliance with the Minimum Bid Price Requirement by May 2, 2023 and is ineligible for an additional grace period, Nasdaq will provide further written notice that the Company's ordinary shares are subject to delisting from The Nasdaq Capital Market. In that event, the Company may appeal the determination to a Nasdaq hearings panel or consider transferring the listing and trading of its ordinary shares to the OTCQX of the OTC Markets.

The Company intends to monitor the closing bid price of its ordinary shares. Receipt of the Nasdaq Notification has no effect on the Company's business operations.

"We are cognizant of the value to our shareholders of the listing of our shares on Nasdaq given the liquidity and pricing efficiency that the exchange provides. We pledge our best efforts towards improved performance which we believe will allow to meet the continued listing standards," stated Ms. Bee Yin Hong, CEO and Founder of JE Cleantech.

About JE Cleantech Holdings Limited

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

JE Cleantech Contact:
enquiry@cleantech.sg

Corporate Communications
Address
3 Woodlands Sector 1
Singapore 738361
Telephone
+65 6368 4198

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. JE Cleantech's actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue" and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, JE Cleantech's expectations with respect to future performance and anticipated potential financial impacts.

These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside JE Cleantech's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) dependence on our customer groups' needs and relationship with them; (2) the inability to obtain or maintain the listing of JE Cleantech Holdings Limited's ordinary shares on Nasdaq; (3) the ability of JE Cleantech to continue grow its business operations, manage growth profitably, retain its key employees and timing of meeting expected business milestones; (4) changes in applicable laws or regulations; (5) the possibility that JE Cleantech may be adversely affected by other economic, business and/or competitive factors; and (6) other risks and uncertainties identified, including those under "Risk Factors," contained in the filings with the SEC. The foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. JE Cleantech cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. JE Cleantech does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.

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

Windows gain competitive edge over global warming

TSUKUBA, Japan, Sep 1, 2022 – (ACN Newswire) – A French-Japanese research collaboration has fabricated metal nanocomposite coatings that improve the insulating properties of window glasses. The new coating prevents a significant portion of near-infrared (NIR) and ultraviolet rays (UV) from passing through, while at the same time admitting visible light. The findings were reported in the journal Science and Technology of Advanced Materials.

The nanoclusters are dispersed in a PVP matrix that is then coated on ITO glass to block NIR and UV rays while letting visible light pass through.

"Although the fabrication of a commercial products is still a long way ahead, our work demonstrated a significant improvement in UV and NIR blocking properties compared to previous research," says solid-state chemist Fabien Grasset, research director at the French National Centre for Scientific Research (CNRS).

"Buildings account for a large part of global energy consumption," explains Grasset, "with a large amount of the annual energy consumption of a standard building going to cooling and/or heating systems to maintain indoor temperatures at comfortable levels." Scientists are looking for ways to develop window glass coatings that can block the entry of NIR radiation so that buildings, and even cars, can consume less energy to keep it cool inside. However, this needs to be done in a way that still allows visible light to enter. Ideally, harmful UV rays would also be blocked.

To this end, the international French-Japanese research collaboration fabricated and analysed the performance of nanocomposites based on niobium-tantalum cluster compounds containing chloride or bromide ions.

They found that chloride-based nanoclusters provided the best performance in terms of blocking NIR and UV rays and allowing the passage of visible light. NIR and UV blocking by the nanoclusters depended on their concentration, dispersion and oxidation state. By tuning these parameters, the team was able to improve the nanocluster performance.

The nanoclusters were dispersed into a polyvinylpyrrolidone (PVP) matrix that was then coated onto indium-tin-oxide (ITO) glass. The combination increased the transmittance of visible light while reducing that of NIR and UV rays, relative to previous research. "These are very promising coating materials that block the most troublesome NIR wavelengths," says Grasset.

"We have a long history of Japanese-French collaboration," he continues. "We were already convinced that we are stronger working together by mixing our different cultures and ways of thinking. The international LINK project has reinforced this belief. We will continue to do our best to make further progress towards finding solutions for the global warming problem."

Further information
Fabien Grasset
French National Centre for Scientific Research (CNRS)
Email: fabien.grasset@cnrs.fr

Research paper: https://www.tandfonline.com/doi/full/10.1080/14686996.2022.2105659

About Science and Technology of Advanced Materials (STAM)

Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials. https://www.tandfonline.com/STAM

For more information on STAM, contact
Dr. Mikiko Tanifuji
STAM Publishing Director
Email: TANIFUJI.Mikiko@nims.go.jp

Press release distributed by Asia Research News for Science and Technology of Advanced Materials.

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

TANAKA Memorial Foundation to Offer Precious Metals Research Grants of up to 5 Million Yen

TOKYO, Sep 1, 2022 – (ACN Newswire) – The TANAKA Memorial Foundation (Representative Director: Hideya Okamoto) announced that it will take applications for research themes for FY2022 Precious Metals Research Grants between September 1 (Thu) and November 30 (Wed). Applications will be accepted from Japanese educational institutions and public research institutes conducting research and development using precious metals. In this 24th year of the research grant, recipients will receive 5 million yen for the Platinum Award, 2 million yen for the Gold Award, 1 million yen for the Silver Award, 1 million yen for the Young Researcher Award, and 300,000 yen for the Encouragement Award.

Applications for the Precious Metals Research Grants are open to themes in all fields related to new technology and research and development in which precious metals can make a contribution. Applications can be submitted using the application form on the TANAKA Memorial Foundation website ( https://tanaka-foundation.or.jp ), and, after strict examination, award recipients will be announced at the end of March 2023.

The TANAKA Memorial Foundation aims to contribute to the development and cultivation of new fields for precious metals and to the development of science, technology, and the social economy by conducting activities that enable more people to experience a prosperous society. This program is being implemented to help support the various challenges faced in the "new world opened up by precious metals." Last year, the research on "Enhancing development of model-based design and production technologies for electronic parts containing precious metals" won a Gold Award for being able to significantly contribute toward the development of processing technologies and improvement of performance through the development of model-based designs using numerical analysis methods – represented by methods such as the finite element method – to minimize cost and takt time related to product design, prototyping, and process design. Another Gold Award was presented for research and development on "Formation of backside power delivery network using precious metal wires" related to the formation of precious metal wires, which is an element technology for three-dimensional mounting that is gaining attention as an integration technology for advanced logic devices.

Overview of the 2022 Precious Metals Research Grants

Theme:
– Themes that involve any of the following: new technologies to which precious metals can make a contribution, research related to precious metals that will bring innovative evolution to products, or research and development of new products using precious metals

Grant Amounts:
– Platinum Award: 5 million yen (1 award)
– Gold Award: 2 million yen (1 award)
– Silver Awards: 1 million yen (4 awards)
– Young Researcher Awards: 1 million yen (2 awards)
– Encouragement Award: 300,000 yen (several awards)
* The grant amount is treated as a scholarship donation.
* Awards may not be granted in some cases.
* The number of awards is subject to change.

Eligible Candidates:
– Personnel who belong to (or work for) educational institutions in Japan (universities, graduate schools, or technical colleges) or public and related research institutions may participate.
* As long as the applicant is affiliated with a research institution in Japan, the base of activity can be in Japan or overseas.
* The Young Researcher Awards are for researchers under the age of 37 as of April 1, 2022.

Application Period:
– 9am, September 1, 2022 (Thu) – 5pm, November 30, 2022 (Wed)

Application Method:
– Enter the required information on the application form available on the TANAKA Memorial Foundation website ( https://tanaka-foundation.or.jp ) and upload details of the research (papers and supplementary material on the theme).

Announcement:
– Results will be announced on the TANAKA Memorial Foundation website around the end of March 2023.
* TANAKA will contact the award recipients directly.

Conditions:
Research content that falls under any of the following
– New technology related to precious metals
– Research and development related to precious metals that bring about innovative evolution in products
– Research and development of new products using precious metals
* Precious metal refers to eight elements of platinum, gold, silver, palladium, rhodium, iridium, ruthenium and osmium.
* If development is conducted jointly (or planned to be) with other material manufacturers, please indicate so.
* Products that have already been commercialized, put to practical use, or that are planned are not eligible.

Inquiries Concerning the Research Grant Program:
Precious Metals Research Grants Office
Global Marketing / R&D Supervisory Department, TANAKA Kikinzoku Kogyo K.K.
22F Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo 100-6422
E-mail: joseikin@ml.tanaka.co.jp
TANAKA Memorial Foundation website: https://tanaka-foundation.or.jp

TANAKA Memorial Foundation

Established: April 1, 2015
Address: 22F Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Hideya Okamoto
Purpose of Business: To provide grants for research related to precious metals to contribute to the development and cultivation of new fields for precious metals, and to the development of science, technology, and the social economy.
Areas of Business: Provision of grants for scientific and technological research related to precious metals. Recognition of excellent analysis of precious metals and holding of seminars and other events.

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 (as of March 31, 2022)
Sales: JPY 389,646,820,000 (FY2021)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com
* From the current consolidated fiscal year, the amounts of sales for some transactions are indicated as net values due to application of the Accounting Standard for Revenue Recognition.

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

This press release in PDF: https://www.acnnewswire.com/docs/files/20220901_EN.pdf

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

JE Cleantech (JCSE) Announces Results for H1 2022, Revenue of S$7.2 Million and Net Income of S$147,000

SINGAPORE, Aug 31, 2022 – (ACN Newswire) – JE Cleantech Holdings Limited (Nasdaq: JCSE), ("the Company") a Singapore-based cleantech company, has announced its financial results for the six months ending 30 June 2022. In its first mid-year update since completing its Nasdaq listing in 2022, the company has seen a decline of 19 per cent in its revenue compared to the corresponding period last year (H1 2021). Net income for the reporting period has been S$147,000, lower than the S$616,000 reported for the first six months of 2021.

Speaking about the 2022 results, Ms. Bee Yin Hong, CEO and Founder, JE Cleantech said, "Our industry as with many others was hit hard by the pandemic, but we have weathered it and even achieved impressive growth in one of our key business verticals. We strongly believe in the future to come as we enter the endemic phase and the F&B, travel, and hospitality sectors see rapid recovery. JE Cleantech is well positioned to capture growth opportunities. We are actively widening our product offerings and exploring new markets to bring sustainable returns to our shareholders and investors."

The group has been negatively affected by the ongoing disruptions caused by Covid-19, some effects of which may linger post-pandemic such as supply chain disruptions, fluctuations in the cost of raw materials and uneven demand growth from customer groups. Despite this, the Company did not experience any material order cancellations during the reporting period and records an order book value of approximately S$36.8 million as of August 15, 2022.

The Company saw a growth of 36 per cent in its provision of centralized dishwashing and ancillary services, compared to the same corresponding period last year, with revenue of S$3.585 million. The company also announced the renewal of a key customer to provide centralized dishwashing services to a fully owned subsidiary of Singapore's leading ground-handling and in-flight catering service provider for a period of three years, starting in September 2022. The contract, which has been closed through its subsidiary, Hygieia Warewashing Pte Ltd., is valued at approximately S$9.3 million (around US$6.7 million). With this renewal, Hygieia Warewashing will have been providing cleaning services for the client for nine years continuously.

Having provided centralized dishwashing services in Singapore since 2013, management believes that JE Cleantech is now Singapore's leading manufacturer of precision cleaning systems and provider of centralized dishwashing and ancillary services, with approximately 15 per cent market share in 2020 in terms of revenue (Source: Euromonitor estimates from desk research and trade interviews with leading centralized dishwashing services providers and the relevant trade associations in Singapore). Ms. Hong stated "we believe that JE Cleantech has not only left a strong footprint in Singapore and Malaysia, but has also established a robust network of long-term customers across Southeast Asia, with a growing international footprint in markets such as Europe and the United States."

Moving forward, the company is looking to expand its team of R&D staff and engineers, while continuing to strengthen its product portfolio. Recently, it has expanded its scope of service offerings to include tech hardware.

About JE Cleantech Holdings Limited

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

Disclaimer: Forward looking statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.

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

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

TANAKA Starts Taking Orders for Gold Bonding Wires Using “RE Series” 100% Recycled Precious Metals

TOKYO, Aug 30, 2022 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, announced today that its subsidiary TANAKA Denshi Kogyo K.K. (Head office: Kanzaki-gun, Saga; Representative Director & President: Toshiya Yamamoto), which is engaged in the production of various types of bonding wires, will start taking orders for gold (Au) bonding wires manufactured using only "RE Series" 100% recycled precious metals. This is in addition to existing products which use raw materials that include gold directly produced from mines.

Gold bonding wires

A compound for plating solutions has already been launched as the first product to use the RE Series supplied by TANAKA Kikinzoku Kogyo as raw materials. As a secondary use, the RE Series is being expanded*1 to gold bonding wires manufactured by TANAKA Denshi Kogyo.

Boasting the world's highest market share*2, TANAKA Denshi Kogyo's gold bonding wires support the world's semiconductor industry. A stable worldwide supply of the RE Series is possible as it is being produced at four locations – Japan, Singapore, Malaysia, and China – and has obtained third-party verification.

TANAKA Precious Metals hopes to contribute toward the establishment of a sound material-cycle society and increased demand for sustainable materials and products by supplying the RE Series. In the future, TANAKA Precious Metals will further expand the business of recycling precious metals – which are natural resources with limited reserves – to the global level with the goal of achieving a stable supply.

About Gold (Au) Bonding Wires

Bonding wire is the metal wire that electrically connects semiconductor chips to external electrodes. They mainly use extremely fine wires (10+ microns thick) made from gold, silver, copper, and aluminum. In particular, bonding wires made using gold have better corrosion resistance, workability, connectivity, and chemical stability than those composed of other metals. Besides electronic products such as computers and mobile phones, semiconductors are also widely used in home appliances and vehicles. In addition, semiconductors are gaining greater attention as a critical component in electric vehicles and digital transformation, contributing to the realization of a carbon-neutral society.

About the RE Series

The RE Series is composed of materials refined only from recycled precious metals rather than from sources such as mined bullion. TANAKA Kikinzoku Kogyo has been operating a recycled precious metals business since it was established in 1885. By expanding its RE Series production line, it is working to supply products that use 100% recycled precious metal materials, starting in 2022.

In addition, TANAKA Kikinzoku Kogyo offers services using a comprehensive system of management within the Group, from product recovery to refining and remanufacturing into new products. Using advanced precious metal analysis technologies* developed through many years of research and development, it is able to accurately evaluate the rate of precious metal content in recovered materials, which is important for recycling.

*One measure of precious metal analysis capabilities is the status of Good Delivery Referee, an accreditation of the LBMA and LPPM, the most prestigious organizations in the field globally, which TANAKA Kikinzoku Group received as one of only five companies globally and the only company in Japan and the rest of Asia. The Group is also the first in Japan to acquire ISO/IEC 17025 accreditation for its analysis technologies for platinum, gold, silver, and palladium.

About TANAKA Denshi Kogyo bonding wires

TANAKA Denshi Kogyo has produced various types of bonding wire since it was founded more than 50 years ago, and today it boasts a leading share of the global market. After establishing its first overseas production base in Singapore in 1978, the company has constructed additional production bases in Malaysia, China, and Taiwan. It now supplies its wires to countries engaged in the production of semiconductors around the world.

Press release in PDF: https://www.acnnewswire.com/docs/files/20220830_EN.pdf

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/

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/

*1 It is possible to continue placing orders for gold bonding wires manufactured using the conventional process.
*2 Source: SEMI Industry Research and Statistics/TECHCET, April 2020

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

TANAKA Starts Taking Orders for Gold Bonding Wires Using “RE Series” 100% Recycled Precious Metals

TOKYO, Aug 30, 2022 – (ACN Newswire) – TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, announced today that its subsidiary TANAKA Denshi Kogyo K.K. (Head office: Kanzaki-gun, Saga; Representative Director & President: Toshiya Yamamoto), which is engaged in the production of various types of bonding wires, will start taking orders for gold (Au) bonding wires manufactured using only “RE Series” 100% recycled precious metals. This is in addition to existing products which use raw materials that include gold directly produced from mines.

Boasting the world’s highest market share^*2, TANAKA Denshi Kogyo’s gold bonding wires support the world’s semiconductor industry. A stable worldwide supply of the RE Series is possible as it is being produced at four locations – Japan, Singapore, Malaysia, and China – and has obtained third-party verification.

TANAKA Precious Metals hopes to contribute toward the establishment of a sound material-cycle society and increased demand for sustainable materials and products by supplying the RE Series. In the future, TANAKA Precious Metals will further expand the business of recycling precious metals—which are natural resources with limited reserves—to the global level with the goal of achieving a stable supply.

■ About Gold (Au) Bonding Wires

Bonding wire is the metal wire that electrically connects semiconductor chips to external electrodes. They mainly use extremely fine wires (10+ microns thick) made from gold, silver, copper, and aluminum. In particular, bonding wires made using gold have better corrosion resistance, workability, connectivity, and chemical stability than those composed of other metals. Besides electronic products such as computers and mobile phones, semiconductors are also widely used in home appliances and vehicles. In addition, semiconductors are gaining greater attention as a critical component in electric vehicles and digital transformation, contributing to the realization of a carbon-neutral society.

■ About the RE Series

The RE Series is composed of materials refined only from recycled precious metals rather than from sources such as mined bullion. TANAKA Kikinzoku Kogyo has been operating a recycled precious metals business since it was established in 1885. By expanding its RE Series production line, it is working to supply products that use 100% recycled precious metal materials, starting in 2022.

In addition, TANAKA Kikinzoku Kogyo offers services using a comprehensive system of management within the Group, from product recovery to refining and remanufacturing into new products. Using advanced precious metal analysis technologies^* developed through many years of research and development, it is able to accurately evaluate the rate of precious metal content in recovered materials, which is important for recycling.

*One measure of precious metal analysis capabilities is the status of Good Delivery Referee, an accreditation of the LBMA and LPPM, the most prestigious organizations in the field globally, which TANAKA Kikinzoku Group received as one of only five companies globally and the only company in Japan and the rest of Asia. The Group is also the first in Japan to acquire ISO/IEC 17025 accreditation for its analysis technologies for platinum, gold, silver, and palladium.

■ About TANAKA Denshi Kogyo bonding wires

TANAKA Denshi Kogyo has produced various types of bonding wire since it was founded more than 50 years ago, and today it boasts a leading share of the global market. After establishing its first overseas production base in Singapore in 1978, the company has constructed additional production bases in Malaysia, China, and Taiwan. It now supplies its wires to countries engaged in the production of semiconductors around the world.

Press release in PDF: https://www.acnnewswire.com/docs/files/20220830_EN.pdf

■ 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/

■ 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/

*1 It is possible to continue placing orders for gold bonding wires manufactured using the conventional process.
*2 Source: SEMI Industry Research and Statistics/TECHCET, April 2020