Best 3D Printing Companies in UAEDubai, United Arab Emirates Mar 21, 2025 - - In Dubai, a hub of innovation and advanced technology, Inoventive excels in additive manufacturing. Specializing in precise and tailored 3D printing services, Inoventive 3D has become a leading choice for those seeking high-quality additive manufacturing services locally. The Excellence of Inoventive 3D Printing in Dubai Strategically located in Dubai, Inoventive 3D utilizes cutting-edge technology to advance prototyping, model creation, and production-grade 3D printing. Whether you're an architect requiring detailed scale models or an engineer needing functional prototypes, Inoventive 3D provides a comprehensive range of services designed to meet various industry demands. Unmatched Precision and Versatility Inoventive 3D distinguishes itself through its dedication to precision and adaptability. Equipped with advanced 3D printers capable of processing a broad spectrum of materials, including high-performance thermoplastics and multi-material prints, they ensure every project adheres to strict specifications with uncompromising quality. Tailored Solutions for Every Industry Inoventive 3D serves a diverse clientele across sectors like automotive, aerospace, architecture, and consumer goods. Their expertise extends beyond traditional prototyping to include specialized applications such as custom jewelry, medical devices, and large-scale sculptures, showcasing their versatility and innovative capabilities. Customer-Centric Approach A customer-focused approach is central to Inoventive 3D's success. They prioritize client satisfaction by offering personalized consultations, quick turnaround times, and competitive pricing. Whether you're a startup exploring product development or a multinational corporation aiming to optimize production, their expert team ensures seamless integration of 3D printing into your workflow. Advancing Dubai's Technological Landscape As Dubai embraces technological progress, Inoventive 3D remains at the forefront, driving innovation and pushing boundaries in additive manufacturing. Their commitment to excellence has earned them recognition as a leading 3D printing service provider in the region, significantly contributing to Dubai's reputation as an innovation and entrepreneurship hub. Inoventive 3D exemplifies Dubai's progressive spirit and technological ambition. Whether you are nearby or across the city, their dedication to quality, precision, and innovation makes them the preferred choice for all your 3D printing needs in Dubai. Contact Inoventive 3D today to discover how their advanced solutions can turn your ideas into reality. Please feel free to contact us for any further assistance. Call/WhatsApp: +971 52 595 9616 | +971 58 658 6675 | Email: | Media ContactInoventive3D0525959616Al garhoud, Al garhoud, Al Garhoud, Dubai Source :Inoventive3D ```
She Republic: New Online Platform Empowers Women Through Sharing, Healing, and Growth
Launching on International Women’s Day 2025New Delhi, Delhi Mar 21, 2025 - A new digital platform called She Republic is set to launch on March 8, 2025, International Women’s Day, providing a supportive online environment for women across the country. This platform aims to empower women by offering a secure space to share their experiences, access free legal and psychological support, and develop new skills. She Republic was founded by Oindrila Dasgupta, a single mother of two who draws on her own experiences of resilience. It's designed to be more than just a platform; it's intended as a movement that addresses the systemic issues women face, such as societal stigma and financial dependency, and fosters a community where no woman has to fight alone. A Zero-Margin Marketplace for Women Entrepreneurs She Republic will also feature a zero-margin marketplace for women artisans and entrepreneurs, specifically targeting those from SEC C, D, and E backgrounds nationwide. This initiative aims to provide a fair, transparent, and sustainable economic opportunity, enabling sellers to maintain full control over their products while buyers cover the shipping costs. The Tech Behind the Mission The technological infrastructure of She Republic is led by Annisha Jain, who has designed the platform to be secure, intuitive, and accessible, ensuring that women from diverse backgrounds can easily use its resources. "Our goal is to ensure that women’s stories are heard, their challenges are recognized, and their ambitions are supported unconditionally. We aim to share overlooked stories, giving voice to those often unheard, celebrating figures like Indra Nooyi, Laro Jonko, and the everyday sacrifices of women like our grandmothers. We offer support and a listening ear to women navigating mental health crises or legal issues." Join the Movement She Republic invites women to participate in its launch on International Women's Day, March 8, 2025, encouraging them to unite and take charge of their own stories, becoming architects of their own destiny rather than being defined by their circumstances.Media ContactShe Republic Source :She Republic
Gurgaon’s Digital Marketing Agencies: A New Definition of Brand Success, Beyond Just Clicks
Gurgaon, Haryana Mar 21, 2025 – In today's market, a strong digital presence is crucial for leadership. Digital marketing agencies in Gurgaon are moving beyond simple click counts to develop innovative methods for brand success. 88gravity, a comprehensive digital marketing firm, uses cutting-edge technology and data-driven research to fuel business growth through strategic innovation. Gurgaon, one of India's fastest-growing digital markets, is home to numerous dynamic marketing agencies. Businesses are now prioritizing meaningful connections over basic engagement metrics like likes and clicks, leading to sustainable brand development and revenue. 88gravity uses a multifaceted strategy to drive significant digital transformations by combining performance improvements, brand building, and strategic advice. "At 88gravity, we see digital marketing as more than just numbers. It's about creating compelling stories, engaging with audiences, and achieving tangible business results," stated Adarsh Srivastava, CEO of 88gravity. "Our aim is to help brands forge lasting relationships with their audiences while maximizing their digital potential." Beyond Clicks: The 88gravity Approach Data-Driven Precision: 88gravity, a leading digital marketing agency in Gurgaon, employs advanced analytics to spot trends, anticipate consumer behavior, and fine-tune marketing campaigns for a measurable return on investment. Creative Storytelling: The agency goes beyond standard advertising by incorporating captivating narratives that stir emotions and boost brand recognition. Conversion Optimization: A smooth integration of UI/UX design, A/B testing, and customer journey mapping ensures that clicks turn into loyal customers. Omnichannel Strategies: 88gravity implements integrated campaigns for comprehensive brand growth, covering everything from SEO and paid advertising to influencer marketing and social media management. Tailored Brand Solutions: With experience across various industries, the agency provides customized marketing solutions that address the specific needs of each business. Why Digital Marketing Needs a New Approach In today's business landscape, digital marketing is about more than just visibility; it's about creating relationships between businesses and customers for long-term growth. Businesses need complete solutions that translate audience engagement metrics into real business outcomes, not just views and clicks. As one of the top digital marketing agencies in Gurgaon, 88gravity uses its unique approach to combine the essential elements of effective marketing and brand development. By merging AI analytics with audience analysis systems and real-time customer data tracking, the agency helps brands successfully acquire and retain customers. With its focus on conversion optimization, the firm delivers measurable results for businesses through higher conversion rates, stronger lead generation, and improved customer loyalty. Success Stories: Transforming Brands with Impactful Digital Strategies 88gravity promotes business growth with its successful brand solutions and market performance across diverse sectors, including hospitality, education, luxury goods, and e-commerce. Tiaraa Hotels & Resorts saw a 40% increase in direct bookings thanks to 88gravity's precise SEO and PPC strategies, making it a top luxury hotel chain in India. Travelers increasingly chose their services as their primary option because of the increased brand visibility achieved through content marketing and social media efforts. Similarly, Battulaal Jewellers, a heritage jewelry brand, saw a 300% increase in online sales through a carefully planned e-commerce strategy that included influencer partnerships, social media promotions, and website optimization focused on conversions. The Future of Digital Marketing with 88gravity As digital trends change, businesses need flexible and forward-thinking marketing partners to stay ahead. 88gravity is dedicated to remaining at the forefront of digital marketing by constantly adapting to new technologies, changes in consumer behavior, and emerging industry trends. With its vast experience and results-oriented approach, 88gravity is a reliable partner for brands seeking to improve their digital presence. The agency is redefining the digital marketing landscape one successful campaign at a time, whether it's helping businesses enter new markets, increase sales, or strengthen their brand identity. About 88gravity: 88gravity is a leading digital marketing agency, specializing in performance marketing, SEO, brand identity, content creation, and conversion optimization. The agency's results-driven approach empowers brands to achieve scalable growth and long-term success in the digital ecosystem.Media Contact88 Gravity+91 - 8287146677511, Udyog Vihar Phase V, Sector 19 Source :88 Gravity
Sivatech Boosts Workplace Safety with Expanded Forklift Training and Compliance Programs
Buckingham, Buckinghamshire, March 21, 2025 – Sivatech, a leading name in forklift training and safety accreditation, has announced an expansion to its forklift training course offerings. These ITSSAR-certified courses, which are aligned with the Approved Code of Practice, are designed to provide individuals and businesses with superior training that adheres to the strictest safety and compliance guidelines. Sivatech's forklift training programs prioritize workplace safety and efficiency and are designed to provide operators with the crucial skills and knowledge needed for safe forklift operation. In accordance with Health & Safety Executive (HSE) regulations, each course is limited to a maximum of three participants per session. Sivatech provides easily accessible, practical training that is customized to a variety of industry demands for individuals looking for a . Our knowledgeable trainers offer thorough, hands-on training to guarantee adherence to national safety standards, whether you're an individual seeking certification or a business trying to improve workplace safety. "Our goal is to offer the best forklift training available, which not only satisfies regulatory requirements but also emphasizes workplace safety and exceptional performance," said at Sivatech. "Participants in our ITSSAR-certified courses obtain both theoretical understanding and practical experience, which guarantees they are well-equipped for actual operations." Sivatech is dedicated to improving safety in the workplace through training courses led by professionals. Businesses and people who want to enroll in forklift courses can go to for more information. About SivatechSivatech is a top-notch provider of forklift training courses, providing ITSSAR-certified programs for both individuals and organizations. Sivatech assists professionals in improving their abilities and adhering to industry standards by emphasizing safety, compliance, and practical training. Media Contact: E mail: Phone: 01296 717800 Website: Media Contactsivatech01296 717800enquiries@sivatech.co.uk Source :https://www.sivatech.co.uk/ ```
TheRankHQ Launches Pay-Per-Result SEO Service
You only pay when you achieve the desired outcomes. There are no recurring charges or hidden expenses, only pure, measurable success. Imagine being able to concentrate on your core business while we elevate your search engine rankings.New Delhi, Delhi Mar 21, 2025 - TheRankHQ, a prominent SEO provider, is pleased to announce the launch of its new Pay-Per-Rank SEO service. This innovative SEO strategy is poised to transform the industry by providing clients with a risk-free, results-oriented solution.Unlike conventional SEO services that bill monthly, Pay-Per-Rank SEO only invoices clients when their website attains a specific ranking target. This eliminates the worry of investing in SEO without guaranteed results. With our pay-per-rank approach, clients can be confident they are only paying for successful SEO performance.TheRankHQ's Pay-Per-Rank SEO service is supported by a team of experienced and qualified SEO specialists committed to helping businesses boost their online presence and attract more website visitors. Our team employs cutting-edge SEO methods and strategies to ensure our clients' websites achieve higher rankings in search engine results. We are confident that our clients will see a substantial return on their investment with our pay-per-rank model."We are excited to introduce our Pay-Per-Rank SEO service to the market. We recognize that many businesses are reluctant to invest in SEO because of uncertain outcomes and high monthly costs. With our new service, we aim to alleviate these concerns and offer our clients a transparent, results-driven solution," stated John Smith, CEO of TheRankHQ.TheRankHQ's SEO service is now available to businesses of all sizes. We encourage businesses to take advantage of this revolutionary SEO service and experience the positive impact it can have on their online visibility. Please visit our website or contact us directly for further details.Media ContactTheRankHQ9122880665L-37, Street No.4, Gautam Vihar, Delhi, 110053 Source :TheRankHQ ```
iQlance Simplifies Hiring Indian Developers for Silicon Valley and Ahmedabad Businesses
Connecting Global Talent: iQlance Simplifies Hiring Skilled Indian DevelopersDallas, Texas Mar 21, 2025 – iQlance Solutions, a prominent software development firm, is changing how U.S. companies operate. Dedicated to bridging the gap between Silicon Valley's innovation and India's extensive tech talent, iQlance offers businesses access to highly competent developers for advanced software, web, and mobile applications. As companies in the United States look for affordable, high-quality tech solutions, India has become a major global software development center. However, finding the right talent can be difficult. That's where iQlance Solutions, under the leadership of CEO Krunal Vyas, comes in, providing a streamlined hiring process for companies of all sizes. "At iQlance, we recognize the difficulties businesses face when outsourcing software development," said Mr. Krunal Vyas. "Our aim is to give companies easy access to top-notch developers who provide innovative solutions while maintaining efficiency and cost-effectiveness." Why Choose iQlance for Hiring Developers? Experts Who Have Been Carefully Chosen - iQlance provides access to a group of highly qualified developers, guaranteeing excellent talent for each project. Adaptable Hiring Options - Businesses can select developers on an hourly, part-time, or full-time basis, depending on their project requirements. Affordable Solutions - Compared to hiring locally in the United States, iQlance offers top-tier services at a lower cost. Effective Communication - Companies benefit from seamless collaboration across time zones thanks to a focused project manager and flexible development strategies. Knowledge Across Technologies - iQlance developers specialize in custom software development, mobile applications, blockchain, the Internet of Things, and artificial intelligence. Companies in a variety of industries, from startups to Fortune 500 corporations, rely on iQlance for their software development requirements. With a history of successful projects, iQlance is changing offshore hiring by making it more accessible, effective, and results-oriented. For U.S. businesses wishing to grow their development teams, iQlance Solutions is the best option. IQlance is dedicated to quality, innovation, and client satisfaction, making the process of hiring committed developers in India simple. About iQlance Solutions iQlance Solutions, based in Dallas, USA, is a leading software, web, and mobile application development company. With over seven years of experience providing cutting-edge digital solutions, the company has helped businesses all over the world turn their ideas into successful applications.Media ContactiQlance Solutions - Dallas, TX, USA(+1) 469-398-881717250 Dallas Pkwy Source :iQlance Solutions - Dallas, TX, USA ```
Q2 Metals Intercepts 179.6 Metres of Continuous Spodumene Pegmatite in Large Step-Out at the Cisco Lithium Project in Quebec, Canada
Highlights:Drill hole CS25-027 encountered seven (7) spodumene pegmatite intervals, with the widest continuous interval of 179.6 metres (m), followed by two additional intervals of 58 m and 91.8 m of continuous spodumene pegmatite.Drill hole CS25-024/24A intersected a total of six (6) individual spodumene pegmatite intervals, with the widest continuous interval of 39.5 m.Drill hole CS25-025 encountered nine (9) spodumene pegmatite intervals, with the widest continuous interval of 20.4 m.Drill hole CS25-026 encountered 10 spodumene pegmatite intervals, with the widest continuous interval of 21.2 m.Assays are pending on the approximately 2,570 m of core drilled in the first four (4) holes completed to date in the winter drill campaign at the Cisco Project.Drilling continues with step outs to both the east and south.Vancouver, BC, Mar 19, 2025 - (ACN Newswire via SeaPRwire.com) - Q2 Metals Corp. (TSXV:QTWO)(OTCQB:QUEXF)(FSE:458) ("Q2" or the "Company") is pleased to announce the completion of the first four holes of the winter 2025 expansion drilling campaign at the Company's Cisco Lithium Project (the "Project" or the "Cisco Project"), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay, Quebec, Canada.Multiple wide intercepts of continuous spodumene pegmatite were encountered within a total of 2,570 metres of drilling completed to date, significantly increasing the extent of previously encountered mineralization (see Figure 1). All holes intercepted pegmatites with visual indications of spodumene mineralization identified."We are extraordinarily pleased with these initial findings from our winter campaign which has not only produced one of our top holes in terms of the total amount of spodumene pegmatite per hole, but continues to provide important information about the mineralization at Cisco," said Q2 Metals President and CEO Alicia Milne. "We are continuing to explore the robust and continuous nature of Cisco's mineralization with additional step outs to both the south and east.""The first four holes of the winter drill program have expanded the strike length of the mineralized system and has confirmed that it continues to extend to the south, further increasing Cisco's potential scale," said Q2 VP Exploration Neil McCallum. "Hole-27, with 179.6 metres of continuous spodumene pegmatite, plus an additional 58 and 91.8 metres of continuous spodumene pegmatite, lends further support to our theory of a south-trending mineralized system, which now extends over a kilometre."Figure 1. Map of Drilling area, Cisco ProjectWinter 2025 Exploration Program OverviewThe current 2025 Winter Program is targeting 6,000 - 8,000 m of drilling with 200 - 400 m step outs with the primary objective of expanding upon the exceptionally promising drill results from the inaugural 2024 campaign, which included:Drill hole CS-24-018 - 215.6 m at 1.69% Li 2 O;Drill hole CS-24-021 - 347.1 m at 1.35% Li 2 O; andDrill hole CS-24-023 - 188.6 m at 1.56% Li 2 O.One diamond drill rig tested to the southwest of drill hole CS-24-023 to define the strike length:Drill hole CS25-025 was collared approximately 275 m south of hole CS24-023; andDrill hole CS25-027 is located 200 m southeast of hole CS25-025.This fence of holes was designed to test the southward extension of the large and wide mineralized system and did so successfully with hole CS25-027's widest continuous interval of 179.6 m of spodumene-bearing pegmatite.One diamond drill rig tested to the east of drill holes CS-24-018 and CS-24-021 to define potential additional parallel pegmatite zones:Drill hole CS25-024A was drilled as a follow-up to hole CS25-024 which was lost due to difficult drilling conditions. It was collared approximately 400 m southeast of hole CS24-022; andDrill hole CS25-026 was collared approximately 400 m from CS24-021 and 285 m north of hole CS25-024A.Drilling remains ongoing, with step outs continuing both east and south.Figure 2. Drill Rig Locations at the Cisco Lithium ProjectSummary of Spodumene-Bearing Pegmatite IntervalsThe pegmatite intervals (greater than 2 m) of drill holes CS-25-024A to 027 are reported below in detail (Table 1).Table 1. Summary of Spodumene-Pegmatite Intervals, Cisco ProjectThe mineralized intervals in all the holes are not necessarily representative of the true width and the modelled pegmatite zones are being refined with every additional hole.Cautionary Statement: The presence of pegmatites does not confirm the presence of lithium (spodumene or other lithium minerals). Pegmatites are fractionated coarse grained igneous rocks commonly associated with lithium mineralization; however, many pegmatites do not contain mineralization. The presence of any mineralization can only be confirmed with assaying.The geological team has completed the core cutting and logging of holes CS25-024/24A to CS25-027 and the samples have been dispatched to the SGS Canada preparation laboratory located in Val-d'Or, QC for mineral analysis to confirm the presence of lithium.Figure 3. Core from the Current Drill Program at Cisco Lithium ProjectSampling, Analytical Methods and QA/QC ProtocolsAll drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada's preparation facility in Val D'Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li 2 O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision. The QP has verified the QA/QC results of the analytical work.Drill Hole Collar InformationThe summary of drill holes completed to date, including basic location and dip/azimuth is detailed below (Table 2).Coordinates are in UTM NAD83, zone 18All holes are NQ-Size diamond drill coreAzimuth and dip are reported as planned, and will deviate down-holeReported hole depths are subject to minor changes based on final core observationsTable 2. Summary of Drill Hole Collar Information, Cisco Project (CS25-024-027)Upcoming EventsIgnite Investment SumitThe Company will be attending the Ignite Investment Summit in Hong Kong March 26-27, 2025.For more information, click here.Future Facing Commodities ConferenceThe Company will be attending and exhibiting at the Tribeca Future Facing Commodities 2025 Conference in Singapore on April 1-3, 2025.For more information, click here.About Q2 Metals CorpQ2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay, Quebec, Canada where drilling is currently underway.The Cisco Project is comprised of 767 claims, totaling 39,389 hectares. The main mineralized zone is just 6.5 kilometres ("km") away from the Billy Diamond Highway and transects the Project. The town of Matagami, which features direct rail link to much of James Bay, is approximately 150 km to the south.Cisco has district-scale potential with an already identified mineralized zone and 2024 discovery drill results that include:120.3 metres at 1.72% Li 2 O (hole CS-24-010);215.6 metres at 1.69% Li 2 O (hole CS-24-018);347.1 metres at 1.35% Li 2 O (hole CS-24-021); and188.6 metres at 1.56% Li 2 O (hole CS-24-023)The Cisco Project is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.FOR FURTHER INFORMATION, PLEASE CONTACT:Alicia Milne, President & CEO, Alicia@Q2metals.comJason McBride, Corporate Communications, Jason@Q2metals.comChris Ackerman, Corporate Communications, Chris@Q2metals.comTelephone: 1 (800) 482-7560, E-mail: info@Q2metals.com www.Q2Metals.comClick to follow us online:X, LinkedIn, Facebook, and InstagramQualified PersonNeil McCallum, B.Sc., P.Geol, a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by NI 43-101 ("QP"), has reviewed and approved the technical information in this news release. Mr. McCallum is a director and VP Exploration for Q2.Forward-Looking StatementsThis news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward-looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the potential scale of the Cisco Project, the focus of the Company's current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedarplus.ca.Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE: Q2 Metals Corp. Copyright 2025 ACN Newswire via SeaPRwire.com.
China Medical System (00867) Released its 2024 Annual Results: Focusing on Innovation and Specialty Breakthroughs to Reshape Growth Momentum
SHENZHEN, Mar 21, 2025 – (ACN Newswire) – On March 17, China Medical System Holdings Limited (“CMS” or the “Company”) released its 2024 annual results. The Company recorded a turnover of RMB7,469 million, representing a year-on-year decrease of 6.8%; in the case that all medicines were directly sold by the Company, the turnover would be RMB8,622 million, representing a year-on-year decrease of 9.0%. Profit for the year was RMB1,613 million, and normalized profit for the year that excluding the provisions of impairment losses on related assets was RMB 1,714 million. The results announcement shows that in 2024, the performance decline of the Company was mainly influenced by the implementation of the National Volume Based Procurement (the “National VBP”), resulting in a year-on-year turnover (in the case that all medicines were directly sold by the Company) decrease of 28.8% to RMB2,691 million for three original drugs that were not selected. However, for the Company, 2024 was both a “year of restructuring” amidst challenges and a “year of breakthroughs” with emerging potentials. Although the overall performance is experiencing short-term pains, the development of exclusive and innovative drugs has many highlights and their potential has begun to emerge. In 2024, in the case that all medicines were directly sold by the Company, the turnover of exclusive and innovative products was RMB4,551 million, representing a year-on-year increase of 4.1%, accounting for 52.8% of the total turnover. This year, the Company has cumulatively had 5 innovative drugs enter into commercialization, but they were all in the early market introduction stage. In the future, as the marketed innovative drugs gradually expand into large-scale clinical applications and their sales ramp up rapidly, and as the quality innovative pipeline continues to be approved for marketing, the Company will enter a new cycle of quality and sustainable development driven by exclusive and innovative drugs. According to the announcement, in 2024, CMS submitted the NDAs for two novel drugs in China, including the innovative drug for the vitiligo treatment, ruxolitinib cream, established three innovative drug collaborations and three medical aesthetic product collaborations. As of the end of 2024, the Company has accumulated a total of nearly 40 short-term, medium-term, and long-term innovative pipeline products. In addition, the Company’s Southeast Asia business is poised for takeoff. This year, it has promoted more than five innovative drugs to submit market registration applications. The preparatory work for the Singapore factory of the associated company has been basically completed, and it is about to fully launch pharmaceutical CDMO and sales promotion businesses, cultivating a second growth curve. Product Competitiveness as the Core to Solidify the Innovation Growth Engine As a pharmaceutical commercialization leader with over three decades of experience in the pharmaceutical market and having promoted multiple marketed drugs to achieve leading market positions, CMS also maintains a keen market insight when deploying innovative drugs. It selects global FIC (First-in-Class) and BIC (Best-in-Class) innovative drugs based on front-line market demands, adhering to the “three-good-variety” screening criterias: having academic differentiated advantages, significant market potential and good competitive landscape, and high comprehensive return on investment. Looking at the Company’s marketed innovative drugs, the five products either have clear differentiation advantages compared to the existing products in the market or fill market gaps in particular areas. Therefore, they can provide valuable innovative treatment options for patients. For example, VELPHORO (Sucroferric Oxyhydroxide Chewable Tablets), used for phosphorus reduction in chronic kidney disease (CKD) patients, is the first iron-based, non-calcium phosphate binder (PB) approved by China’s NMPA, and filled the gap of phosphorus-lowering treatment for Chinese paediatric patients aged 12 to 18 years old with CKD stages 4-5 or CKD on dialysis. According to multiple global clinical studies and real-world research data (as published in academic journals including International Urology and Nephrology, and Clinical Nephrology) and the Chinese instruction of the product that compared with other PBs, patients maintained on VELPHORO used about 50% fewer PB pills/day, and a proportion of patients achieving target sP increased by 95%. ILUMETRI (Tildrakizumab Injection) is an innovative biological agent targeting to the p19 subunit of IL-23 for the treatment of moderate-to-severe plaque psoriasis. It only requires dosing once every three months during the maintenance period. With its excellent long-term efficacy, convenient dosing cycle, and good safety profile, the patient compliance is improved. With the excellent product strength as the core and leveraging the rich academic resources and promotional experience accumulated over the years, the Company is expected to rapidly enhance the market penetration and brand influence of its marketed products. The Company’s two innovative drugs, ruxolitinib cream and Desidustat Tablets, which are, currently in the NDA review stage in China and expected to be launched in 2025, are both considered to have good market potential. According to the announcement, ruxolitinib cream is the first and only topical JAK inhibitor approved by the U.S. FDA and the European EMA for repigmentation in vitiligo as of now. If successfully approved for marketing, it will bring treatment hopes to more than ten million vitiligo patients in China who are suffering from the lack of effective drugs. Desidustat Tablets are used for treating anemia in non-dialysis adult, CKD patients and are administered orally. Its Chinese Phase III clinical trial shows that it performs well in efficacy, safety, and tolerability. Data shows that there are approximately 132 million CKD patients in China, and anemia is one of the frequent complications. After approved for marketing, the product is expected to further meet the anemia treatment needs of CKD patients. In addition, among the innovative pipeline products that the Company has reserved and are expected to be approved for marketing within the next 2 to 4 years, there are also several products with high market attention and industry-assessed potential to become FIC and BIC blockbuster drugs, such as Y-3 for stroke treatment, the highly selective small-molecule oral JAK1 inhibitor povorcitinib (for non-segmental vitiligo and hidradenitis suppurativa), the URAT1 inhibitor ABP-671 (for gout), the anti-IL-4Rα humanized monoclonal antibody injection MG-K10 (for atopic dermatitis), the oral improved new drug ZUNVEYL (for Alzheimer’s disease), etc. These products will strongly support the Company’s continuous growth in future performance. Notably, CMS has always adhered to an efficient innovation strategy of “Collaborative R&D and In-house R&D” and attached great importance to maximizing the efficiency of R&D investment. From 2018 to 2024, the Company recorded cumulatively R&D expenditures of around RMB4,350 million, accounting for 7.6% of the turnover during the same period in the case that all medicines were directly sold by the Company, of which the R&D expenses were RMB880 million, accounting for 1.5% of the turnover during the same period in the case that all medicines were directly sold by the Company. Through relatively prudent R&D investment, the Company has successfully realized the project initiation, clinical development, and marketing of several quality innovative products, achieving extremely high innovation input-output efficiency. In addition, as of the end of 2024, the cash and bank deposit recorded RMB3,707 million, sufficiently safeguarding the continuous innovation and in-depth exploration of cutting-edge fields. Refining the Commercialization System Focused on Specialty to Empower the Release of Product Value The synergy between strong product power and efficient commercialization capabilities is the key to maintain the competitive advantage of the Company. CMS continuously upgrades its specialty-focused commercialization system, and forms an in-depth layout focusing on core specialties of cardio-cerebrovascular/gastroenterology, dermatology/medical aesthetics, and ophthalmology. Leveraging its accumulated extensive professional promotion networks and academic platforms, CMS will safeguard the successful commercialization of innovative products. Since its independent operation in 2021, “CMS Skinhealth”, is developing into a “leading, innovation-driven pharmaceutical company in China, specializing in skin health”. CMS Skinhealth has formed a comprehensive product portfolio centered on dermatology prescription drugs and extended to dermatology-grade skincare products and light medical aesthetic products. As of the end of 2024, the dermatology prescription portfolio of CMS Skinhealth has comprehensively covered dermatology diseases, such as vitiligo, psoriasis, atopic dermatitis, phlebitis, varicose veins, and hidradenitis suppurativa. As for dermatology-grade skincare products, the “Heling Soothing Product Series”, which are dedicated to sensitive skin care, have been further perfected. The Hirudoid® Azelaic Acid Skincare Series has been newly launched to provide a comprehensive acne-care solution. In the field of light medical aesthetic, the registration application of Poly-L-lactic Acid Microparticle Filler Injection in China has been accepted. Additionally, the Company has introduced three regenerative products, Polycaprolactone Microsphere Gel for Injection, Calcium Hydroxylapatite Microsphere Gel for Injection, and Decellularized Extracellular Matrix Implant, which are currently under the registrational clinical trial stages in China, further enhancing the light medical aesthetic product portfolio. CMS Skinhealth offers a diverse matrix of dermatological health and aesthetic products, providing comprehensive and integrated solutions to individuals with varying needs for skin health and beauty. Concurrently, “CMS Vision”, an independently operated ophthalmology business, focuses on the development and commercialization of ophthalmic prescription drugs, medical devices, and consumables. In China, a large number of patients suffer from ophthalmic diseases, and the burden of ophthalmic diseases is increasing significantly due to the population growth and aging. Leveraging on professional ophthalmic product portfolio, extensive network and channel resources, CMS Vision continuously strengthens its brand strength and academic position, aspiring to become a leading ophthalmic pharmaceutical and device company in China. As of the end of 2024, CMS had approximately 4,700 professional marketing and promotion related employees, with a promotion network covering over 50,000 hospitals and medical institutions, and approximately 300,000 retail pharmacies in China. Leveraging its efficient marketing and promotion team along with an extensive promotion network, the Company focuses on the marketed innovative drugs and core exclusive products, dynamically optimizes the marketing strategy, initiates real-world studies and post-marketing clinical trials, continuously accumulates academic evidence, strengthens the products academic influence, and accelerates the transformation into market value. Simultaneously, the Company has strengthened its expansion in the breadth and depth of coverage in the out-of-hospital market. Through integrated online and offline strategies and multi-channel collaboration, it has achieved a dual improvement in the out-of-hospital prescription traffic diversion and patient benefits. Starting with Southeast Asia and Cultivating the Second Growth Curve of Overseas Business While deeply developing in the Chinese market, CMS is also accelerating its pace of internationalization. Starting with Southeast Asia and leveraging the favorable opportunity of the rapidly growing local demand for high cost-effective pharmaceutical products, the Company is actively nurturing the growth engine of its overseas business, injecting new momentum into its long-term and sustainable development. In 2024, the Southeast Asia business, Rxilient Health, focusing on regional characteristics and disease spectrum features, executed a precise planning of its product portfolio and commercial pathways, and achieved notable milestones in the marketing registration for multiple products, laying the foundation for future market promotion and the realization of sales. Within this year, Rxilient Health has obtained the exclusive licenses in eleven Southeast Asian countries for povorcitinib, a selective small-molecule JAK1 Inhibitor, with the potential to provide a new treatment option for patients with autoimmune and inflammatory skin diseases. Meanwhile, Rxilient Health is actively advancing the registration of several innovative products in Southeast Asia, and/or in Hong Kong, Macau, and Taiwan, including ruxolitinib cream, ILUMETRI, LUMEBLUE, VALTOCO, VELPHORO and so on. Among them, ruxolitinib cream has been approved for marketing in Macau and Hong Kong for the treatment of vitiligo, and also submitted the registration applications in Singapore and Taiwan. Additionally, intravenous toripalimab (anti-PD-1 monoclonal antibody drug), collaborated by Rxilient Health and Junshi Biosciences, has submitted registration applications in Malaysia, the Philippines, Indonesia, Thailand, and Vietnam. Regarding the CDMO business, the associate company PharmaGend’s manufacturing plant in Tuas, Singapore has received the U.S. FDA GMP certification and successfully passed an on-site inspection by the Singapore HSA. It will provide CDMO services to global pharmaceutical companies and play a critical role in ensuring the safety of the Company’s overseas manufacturing supply chain. At the outset of a new journey, CMS proactively adapts to change and strides toward innovation, steadfastly executes the strategy of “innovation-driven, efficiency -priority, specialty breakthrough, and international expansion”. By reshaping the growth curve and cultivating a more diversified and resilient business framework, the Company is advancing into a new phase of quality development, providing patients with more quality therapeutic options while generating long-term stable returns for shareholders. CMS Disclaimer and Forward-Looking Statements This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert. This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections. Media ContactBrand: China Medical System Holdings Ltd.Contact: CMS Investor RelationsWebsite: https://web.cms.net.cn/en/home/ Source: China Medical System Holdings Ltd.
TOT BIOPHARM (1875.HK) Turns a Profit for the First Time, Reports 2024 Net Income of RMB 34.8M
EQS Newswire / 21/03/2025 / 22:00 UTC+8 Guru Club, March 12丨TOT BIOPHARM - B (1875.HK) announced that for the full-year results ending December 31, 2024, the Company reported better-than-expected performance, with annual revenue reaching RMB 1.098 billion, representing a 41% year-on-year increase. In 2024, it achieved a turnaround from loss to profit for the first time, posting a net profit of RMB 34.8 million. With continuously enhanced cash generating capabilities, the net cash from operating activities has been positive for three consecutive years, reaching RMB116.4 million in 2024. The CDMO (Contract Development and Manufacturing Organization) business demonstrated robust growth potential with a notable funnel effect. Leveraging its cutting-edge technology platforms to enhance front-end pipeline promotion, the Company saw a significant increase in early-stage projects. It added 58 new projects throughout the year, including 48 ADC (Antibody - Drug Conjugate) projects, bringing the total to 153 projects. Notably, it secured 2 pre-BLA (Pre-Biologics License Application) projects, bringing the total number to 8, fully demonstrating the Company's outstanding capability in late-stage CDMO commercialization projects and further strengthening its potential for future revenue expectations. The Company's service backlog on hand reached RMB 191 million, marking a 39% year-on-year growth. Widely recognized by the industry world-wide, the Company's high-standard quality management system has passed many production site inspections by relevant drug regulatory authorities and GMP compliance inspections in many countries, as well as several GMP inspections by customers and third-party consulting agencies. In 2024 alone, the Company received 38 GMP audits in total, including 7 official GMP audits (3 by foreign authorities and 4 by domestic authorities) and 2 EU QP audits (one of which was passed with zero defects). The Company also obtained GMP certificates from countries such as Colombia, Egypt, and Indonesia. Additionally, the Company obtained the Accreditation of Foreign Manufacturers by the PMDA in Japan, signifying that TOT BIOPHARM's production lines and quality system comply with Japanese pharmaceutical quality and safety standards. Furthermore, the Company assisted its customers in completing inspections by their overseas partnering multinational pharmaceutical companies and other institutions on multiple occasions, and successfully collaborated with its customers in completing the licensing with high recognition. 21/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
The 33rd China International Bicycle Fair 2025 Set to Grandly Open
Shanghai, China – March 21, 2025 – (SeaPRwire) – One of the most influential events in the global bicycle industry, the 33rd China International Bicycle Fair (China Cycle 2025), will be held from May 5-8, 2025, at the Shanghai New International Expo Centre (SNIEC), China. Under the theme “Empowering Innovation, Sharing the Future”, the exhibition will bring together industry leaders from around the world to explore new opportunities for innovation and collaboration. As a barometer of the global bicycle industry, China Cycle has successfully held over thirty editions, continuously expanding in scale and influence. In 2024, the exhibition covered 150,000 m2, attracting 1,460 exhibitors and nearly 200,000 visitors from 137 countries and regions. China Cycle 2025 is set to elevate the event further with an expanded platform, optimized layout, and enhanced services, showcasing the latest technologies, products, and market trends in the global bicycle and e-bike sector. With the global bicycle industry on a recovery path, China’s bicycle sector is experiencing particularly strong growth, bringing renewed confidence to the industry. China Cycle 2025 will stay aligned with industry trends by expanding exhibition space, optimizing the event structure, and facilitating deeper integration of the global supply and value chains, providing exhibitors and visitors with more comprehensive networking and business opportunities. To ensure a successful event, the organizing committee is making every effort to curate a dynamic exhibition, featuring professional forums, industry summits, new product launches, and interactive experiences. The exhibition will present a more open, professional, and engaging experience, creating valuable opportunities for industry professionals worldwide. From May 5-8, 2025, China Cycle 2025 looks forward to welcoming global industry partners to Shanghai to witness the future of the bicycle industry together! Company: Shanghai OTOBTB Cultural Development Co.,LtdContact Person: Kira PanEmail: kira.pan@otobtb.comWebsite: http://www.otobtb.comTelephone: 021-32513000-859
CTF Life Title-sponsors: ‘Fencing Plus’ Training Programme by Kai Tak Sports Initiative
HONG KONG, Mar 21, 2025 - (ACN Newswire via SeaPRwire.com) - “Fencing Plus” Training Programme, title-sponsored by CTF Life and organised by Kai Tak Sports Initiative, aims to identify children aged 6 to 10 with potential in fencing through structured selection and training process. The programme seeks to nurture the next generation of elite fencing athletes, who will represent Team Hong Kong, China, to become future world champions while promoting the culture of “Sports for All” and enhancing professionalism. Applications are now open (starting 18 Mar), with the goal of recruiting 600 promising fencing students.Two-Year Structured Training Led by Hong Kong Fencing Team Team ManagerThe "Fencing Plus" Training Programme (the Programme), organised by Kai Tai Sports Initiative—the community project of Kai Tak Sports Park—and title-sponsored by CTF Life for the first time this year, aims to select students with fencing potential through a scientific approach and provide them with nearly two years of structured training. In the later stages of the Programme, students will have the opportunity to compete against fencers from different countries and regions, honing their skills while embracing the spirit of true sportsmanship and overcoming challenges. Additionally, CTF Life will support selected children from underprivileged families from Kowloon East to participate in the programme.The Programme will be led by Antonio Lam, Team Manager of Hong Kong Fencing Team, Asian Games Double Bronze Medalist and Olympic Games representative for the Hong Kong Fencing Team, will serve as the Head Coach of the Programme. He will guide a team of professional coaches to provide tailored instructions, analyse the potential of students, and deliver an extensive training framework, inspiring a spirit of sportsmanship in every participant.First Stage Selection Begins in May: No Fencing Experience RequiredThe first stage of the Programme, the "Fencing Plus" Training Programme Selection Day, will be held on 4 May, 2025 (Sunday) from 10:00 a.m. to 5:00 p.m. at the Kai Tak Arena. On that day, children will participate in a full-day interactive test assessing their physical fitness ability, coordination, and reaction assessments. No prior fencing experience is required to participate.From now until 31 March, 2025, guardians can submit application for their children by registering to become members of CTF Life‧CIRCLE and donating HK$100 to the "Kai Tai Sports Initiative Foundation", which will be used to support on community activities. Qualified students will undergo structured training in basic and advanced stages. The programme features exclusive quotas for CTF Life‧CIRCLE members, while Diamond and Gold members can enjoy priority enrolment and participation, accessing to premium experiences.Progressive Training to Unlock Potential: Leading "MyFuture Fencers" to Compete InternationallySelected students will undergo basic and advanced training stages, after which they will have the opportunity to participate in the CTF Life “Fencing Plus” Cup. Outstanding performers will be selected for an 18-month elite training and the chance to get into Hong Kong Under-14 professional fencing training scheme. - Stage Two: Basic Training, with a commemorative certificate upon meeting the required standard- Stage Three: Advanced Training, with a commemorative certificate upon meeting the required standard- Stage Four: CTF Life “Fencing Plus” Cup, with registration fee for selected participants from the programme will be fully sponsored by CTF Life- Stage Five: Elite Training Programme to nurture future sports starsRegistration Link:https://lifepillars.ctflife.com.hk/pillars/edutainmentThe content and schedule of the above programme are subject to change without prior notice.About CTF LifeChow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the diverse conglomerate of the Cheng family (“Chow Tai Fook Group” or “the Group”) to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance. Copyright 2025 ACN Newswire via SeaPRwire.com.
The Executive Centre Expands Its Premium Portfolio in Singapore With a New Centre at Ocean Financial Centre
- Launch of TEC’s 11th centre in Singapore, enhancing its footprint in the region.- Contemporary design featuring high-end amenities, including ergonomic furnishings and innovative workspaces.- Debut of Origo Café and Bar, showcasing an innovative array of refreshments to enhance the member experience.Singapore, Mar 21, 2025 - (ACN Newswire via SeaPRwire.com) - The Executive Centre (TEC), Asia’s leading premium flexible workspace provider, is delighted to announce the opening of its 11th centre in Singapore, located on level 22 of the prestigious Ocean Financial Centre. This expansive new centre encompasses over 21,000 square feet, and accommodates more than 300 workstations, further solidifying TEC’s presence within one of the Southeast Asia’s most sought-after business districts.Ocean Financial Centre is already home to three TEC centres, with occupancy levels close to 95%. This underscores the company’s unwavering commitment to delivering exceptional workspace solutions in this iconic building and to provide additional spaces to meet the growing demand. This latest centre opening is part of TEC's strategic expansion initiative, with more centres slated to open later this year in Singapore.The design of the new centre evokes contemporary elegance, featuring organic curves and warm wood elements in the main lounge area, creating an inviting ambiance for its members. In alignment with TEC's premium positioning, the centre is adorned with high-end finishes, height-adjustable standing desks, and ergonomic Herman Miller chairs, ensuring an unparalleled working environment.A notable highlight of the new centre is the debut of Origo Café and Bar, which presents an innovative array of refreshments, including a dedicated ice cream bar and craft beers on tap. This centre is The Executive Centre’s first in Singapore to hold a liquor license, enabling distinctive food and beverage pairings that transcend the traditional TEC Barista Bar experience. Additionally, Origo-branded coffee beans and merchandise will also be available for sale.In line with TEC's commitment to sustainability, the new centre incorporates Framery phone booth pods which provide exceptional soundproofing and optimal ventilation while minimising energy consumption. These environmentally conscious booths are fully recyclable at the end of their lifecycle, reflecting TEC’s dedication to sustainable innovation.Yvonne Lim, Managing Director of Southeast Asia at The Executive Centre, remarked, "We are profoundly excited to unveil our new centre at Ocean Financial Centre. This expansion not only epitomizes our commitment to providing exceptional workspace solutions but also enriches our community with innovative offerings such as Origo Café and Bar. We envision this centre as a vibrant nexus for professionals seeking a flexible and inspiring work environment."The Executive Centre’s new location at Ocean Financial Centre is poised to redefine the flexible workspace experience in Singapore, fostering collaboration and innovation among its esteemed members.About The Executive CentreThe Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 220+ Centres in 36 cities and 16 markets. It is the third largest serviced office business in Asia.The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space - they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, South Asia, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business' needs.www.executivecentre.comPress EnquiriesThe Executive CentrePebble LeePebble_lee@executivecentre.com / +852 3951 9888 Copyright 2025 ACN Newswire via SeaPRwire.com.
ULVAC Developing Next-Generation Dilution Refrigerator for Quantum Computing by 2026
Chigasaki, Japan, Mar 21, 2025 - (JCN Newswire via SeaPRwire.com) - ULVAC, Inc. and ULVAC CRYOGENICS INC. announced that they are developing a next-generation dilution refrigerator for quantum computers with imput from IBM. This product will provide a cryogenic environment essential for the stable operation of quantum computers, and it also promotes technological development and collaboration with research institutions and enterprises. While cooling systems from overseas manufacturers currently dominate Japan’s market, ULVAC is establishing a domestic production framework to support the advancement of research and development in the country.Cryogenic Technology Supporting the Advancement of Quantum ComputingSuperconducting qubits in quantum computers require operation at temperatures near absolute zero, making advanced cooling technology essential. In response to this challenge, ULVAC is developing a new dilution refrigerator.Key FeaturesIn-House Manufacturing of Core Components: ULVAC independently develops and manufactures dilution refrigerators, pulse-tube cryocoolers, and vacuum components, ensuring a stable supply and long-term support.High Cooling Performance: Capable of maintaining cryogenic temperatures at the 10mK level, supporting the stable operation of qubits.Scalable Modular Design: Designed to accommodate future large-scale quantum computing environments.Market Background and ULVAC’s CommitmentIn the Japanese quantum computing research and industrial market, dilution refrigerators from overseas manufacturers are widely used. However, challenges such as prolonged delivery lead times and delays in maintenance support have become increasingly evident. To address this situation, ULVAC has established an independent domestic production system, ensuring a stable supply and rapid technical support to facilitate the continuous advancement of research institutions and enterprises.Engagement With IBM and Industry OutlookULVAC, with input from IBM, has been developing the next generation of dilution refrigeration systems that meet IBM’s specifications for their superconducting qubit-based quantum computers. The new cryogenics platform resulting from this development has the potential to advance the quantum computing industry, while also enhancing the global supply chain for cryogenic equipment.IBM is expanding its quantum hardware ecosystem to advance the commercialization of superconducting quantum computers, with cooling technology playing a critical role in this effort.“Our goal is to build increasingly complex quantum machines, which means we need partners, like ULVAC, to help develop important components that will allow us to scale both systems and the industry. We have a long history of partnering with ULVAC to build the complex tools necessary for our semiconductor business, and now we look forward to ULVAC becoming an important part of the quantum industry.”— Dr. Jay Gambetta, Vice President of Quantum, IBM Fellow.“ULVAC is committed to leveraging its expertise in vacuum and cryogenic technologies to deliver high-performance, reliable dilution refrigerators for the global quantum computing market. Moving forward, we will continue our collaboration with IBM to develop solutions that drive the advancement of quantum technology.”— Setsuo Iwashita, President and CEO, ULVAC, Inc.Future ProspectsThe quantum computing industry is expected to experience significant growth over the next decade. Leveraging its expertise in vacuum and cryogenic technologies, ULVAC aims to provide advanced cooling solutions that are accessible to more research institutions and enterprises. Currently, ULVAC is conducting evaluation tests in collaboration with IBM, including testing at IBM’s quantum data center in Poughkeepsie, New York this year, with industry deployment scheduled for early 2026.ULVAC remains committed to advancing cryogenic technologies to further the quantum industry with IBM and other industry partners.About ULVAC, Inc.Since its founding in 1952, ULVAC, Inc. has been a comprehensive vacuum equipment manufacturer, providing manufacturing equipment, components, analytical instruments, materials, and services based on its core technology—vacuum technology. Working with customers across a wide range of industries, including semiconductors, electronic components, displays, automotive, and pharmaceuticals, ULVAC is committed to driving cutting-edge innovation and creating new value. https://www.ulvac.co.jp/en/About ULVAC Cryogenics Inc.Since its founding in 1981, ULVAC Cryogenics Inc. has been engaged in the development, manufacturing, and sales of cryopumps and cryogenic equipment utilizing cryogenic and control technologies. The company was founded through the integration of the vacuum technology of Japan Vacuum Engineering Co., Ltd. (now ULVAC, Inc.) and the refrigeration technology of the U.S.-based Helix Technology Corporation (now Edwards Vacuum LLC). In Japan, ULVAC Cryogenics holds a 40% market share in cryopump sales. https://www.ulvac-cryo.com/?lang=enFor more information:ULVAC CRYOGENICS INC. Sales Planning DepartmentTEL +81-467-85-8884 / Mail cryokikaku@ml.ulvac.com Copyright 2025 JCN Newswire via SeaPRwire.com.
Sun Hung Kai & Co. Announces 2024 Annual Results
EQS Newswire / 21/03/2025 / 09:02 UTC+8 Business Transformation Continues to Gain Traction with a Net Profit of HK$377.7 million Sun Hung Kai & Co. Limited (Stock Code: 86.HK) (“SHK & Co.” or the “Company”, together with its subsidiaries, the “Group”) announces a significant improvement in its annual results for the year ended 31 December 2024. Financial Highlights For the year ended 31 Dec 2024 2023 Change Revenue (HK$ million) 3,762.0 3,916.6 -3.9% Pre-tax profit (HK$ million) 861.3 76.6 1024.4% Profit/ (loss) attributable to owners of the Company (HK$ million) 377.7 (471.4) N/A Basic earnings/ (losses) per share (HK cents) 19.3 (24.1) N/A Second interim dividend (HK cents) 14.0 14.0 - Book value per share (HK$) 10.8 10.8 - In 2024, the Group navigated a challenging environment to deliver solid financial performance and return to profitability. Despite persistent headwinds from high interest rates and geopolitical tensions, as well as economic weakness in Greater China, its diversified businesses in Credit, Investment Management, and Funds Management remained resilient. It exercised caution in underwriting new loans and managed its investment portfolio effectively. Pleasingly, the growth of its Funds Management business contributed to new revenue streams, and it maintained a robust financial position prioritising capital efficiency and liquidity, positioning SHK & Co. to capitalise on market opportunities created by dislocated markets. With its diversified business model generating sustainable value to shareholders, the Group returned to profitability with pre-tax profit achieving HK$861.3 million (2023: HK$76.6 million), more than a tenfold year-on-year (“YoY”) increase. The significant improvement in profitability was primarily driven by the improved performance of SHK & Co.’s Investment Management business, with a growing contribution from the Funds Management business. Profit attributable to the owners of the Company was HK$377.7 million (including one-off exchange losses of HK$29.0 million associated with liquidation of a subsidiary and deferred tax assets written off amounting to HK$55.9 million in Mainland China, both of which were non-cash and after non-controlling interests), a turnaround from a loss of HK$471.4 million for the same period last year. Basic earnings per share was HK19.3 cents (2023: losses of HK24.1 cents). Revenue in 2024 was HK$3,762.0 million, mainly consisting of interest income of HK$3,573.0 million. The Board of Directors of the Company declared a second interim dividend of HK14 cents per share for the year ended 31 December 2024. Together with an interim dividend of HK12 cents per share, the total dividend per share was HK26 cents, the same level as last year. During the year, the Company repurchased and cancelled 210,000 shares and will continue to do so in the ordinary course of business. It has returned a total of HK$15.4 billion to its shareholders through dividend payments and share buybacks since 1997. The Company repurchased US$37.9 million of its medium-term notes (“MTN”) and redeemed US$277.0 million of the outstanding MTNs due in 2024, reducing MTN exposure by US$314.8 million. This, alongside a decrease in total bank and other borrowings, lowered the net gearing ratio by 740 basis points to 31.2% YoY, reflecting its focus on enhancing capital efficiency. As of 31 December 2024, the Group’s book value per share was HK$10.8 (2023: HK$10.8). Segment Performance Pre-tax contribution for the year ended Segment assets as at (HK$ million) 2024 2023 Change Dec 2024 Dec 2023 CREDIT BUSINESS Consumer Finance 807.3 979.5 -17.6% 17,761.5 18,062.9 Mortgage Loans 39.5 65.7 -39.9% 2,155.6 2,674.6 Private Credit -- (158.9) N/A -- -- Sub-total 846.8 886.3 -4.5% 19,917.1 20,737.5 INVESTMENT MANAGEMENT (405.9) (1,291.3) -68.6% 14,914.2 16,257.4 FUNDS MANAGEMENT 49.0 16.8 191.7% 59.6 24.9 GMS 371.4 464.8 -20.1% 2,409.2 3,849.7 Total 861.3 76.6 1024.4% 37,300.1 40,869.5 Funds Management Against a backdrop of a challenging fundraising environment in 2024, SHK & Co.’s Funds Management business achieved strong growth, driven by robust net capital inflows and solid market performance across nearly all strategies. Total assets under management (“AUM”)^ reached a record US$2.0 billion. External investor capital increased to nearly 80% of the AUM across its Fund Partnerships, Family Office Solutions, and Sun Hung Kai Capital Partners (SHKCP) Funds. With the increase in AUM, the division’s fee income correspondingly increased 55.6% YoY. SHK & Co.’s Family Office Solutions (“FOS”), the multi-family office platform, made significant progress in expanding its client base and AUM last year. Leveraging the Group’s extensive networks and expertise, FOS offers unique access to alternative investments to family offices and ultra-high-net-worth individuals with a mutual alignment of interest and generates attractive risk-adjusted returns. Investment Management SHK & Co. has successfully established itself as a diversified alternatives investor since expanding into Investment Management in 2015. In 2024, the Investment Management segment achieved an overall investment gain of 2.5%, with contributions from all asset classes. This included a 10.6% return from ongoing hedge funds. Real Estate achieved a 3.0% gain, driven by a strong recovery in its hospitality investments in the EU, while the Private Equity portfolio posted a 1.1% return due to limited exit events. Credit Business The Credit business delivered a pre-tax profit of HK$846.8 million. On its consumer finance side, the new credit card business, SIM Credit Card, generated cumulative transaction volumes exceeding HK$1.5 billion by year-end. Mortgage Loans segment also expanded its offerings by launching a mortgage servicing business managing a US$100 million institutionally owned residential mortgage portfolio for third-party investors. Collaborating with SHK & Co.’s Special Situations and Structured Credit team, the Company’s Mortgage Loans subsidiary is uniquely positioned to capitalise on opportunities driven by market volatility and generate additional revenue streams. Strategic Partnerships SHK & Co. continued to form strategic partnerships to diversify its portfolio and maintain resilience against market headwinds. The strategic alliance with GAM Investments (“GAM”) established last year has been successful as it continued to grow the GAM fund assets in Greater China and expanded into the wealth management sector. The Group also formed a strategic partnership with Wentworth Capital, a leading Australian-focused real estate private equity firm, to connect high-quality opportunities in the real estate sector with like-minded partners to sustainably drive growth. These partnerships reflect the Company’s broader objective to explore global expansion and identify strategic opportunities that broaden the spectrum of its service offerings. Mr. Lee Seng Huang, the Group Executive Chairman, said, “As we look to 2025, the economic landscape remains volatile. While the uncertainties impact investor sentiment and necessitate a cautious approach, they also present opportunities as we continue to sharpen our strategic focus. The origination of compelling opportunities in private credit and special situations, in particular, will continue to uncover mispriced assets, potentially counterbalancing the slower activity observed in other asset classes. Additionally, the Investment Management business will deepen its collaboration with the Funds Management team, creating access to exclusive investment opportunities and enabling clients to achieve attractive returns with strong alignment of interests. By exploring new partnerships and developing our FOS business. The alternative asset management platform is well-positioned to achieve continued growth as we complete our strategic business transformation.” For more details of the 2024 annual earnings, please refer to the official announcement. ^ “AUM” refers to the total value of assets managed, advised, distributed or otherwise serviced, including: Assets under management by SHKCP’s Fund Partnerships, which are mainly established with early-stage alternative managers in flexible collaboration models depending on their go-to-market readiness; Assets under management by SHKCP, including funds managed by SHKCP and Family Office Solutions, and assets under advisory and/or dealing arrangement by SHKCP; Ownership-adjusted Assets under management by its strategic alliances, in which SHK & Co. has equity stakes; and Assets under distribution by SHKCP for third party managers. Its methodology for determining AUM reflects its different business lines and is based on its economic interests in the assets and/or the significance of its control. This differs from the methodology for calculating its AUM for regulatory filings. - End - About Sun Hung Kai & Co. Sun Hung Kai & Co. Limited (SEHK: 86) (“SHK & Co.” / the “Company”, together with its subsidiaries, the “Group”) is a leading Hong Kong-based financial institution recognised for its expertise in alternative investments and wealth management. Since 1969, the Company has built a diversified investment portfolio across public markets, credit and alternatives strategies including real estate and private equity, delivering long-term risk-adjusted returns. Leveraging its deep-rooted Asian heritage, SHK & Co. supports and nurtures specialist emerging asset managers in the region, empowering them to excel. SHK & Co. also utilises its long-standing investment expertise and resources in providing tailored investment solutions to like-minded partners and ultra-high-net-worth investors through its Family Office Solutions. As of 31 December 2024, the Group held about HK$37.3 billion in total assets. For more information about SHK & Co., please visit www.shkco.com / follow us on LinkedIn. For media enquiries, please contact: Burson Joanne Lam +852 9839 6552 Sidney Leng +852 5443 4320 Caleb Leung +852 9190 1969 Email: SHKCo@hkstrategies.com 21/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.com
Hitachi launches new brand design to advance era of sustainable global growth
TOKYO, Mar 20, 2025 - (JCN Newswire via SeaPRwire.com) - Hitachi, Ltd. (TSE:6501, "Hitachi"), today unveiled a bold new brand design that reflects the company's transformationto what it calls "True One Hitachi", with digital at its core. Officially launching on 1st April 2025, the new brand builds on the company’s legacy of engineering excellence and updates it to more clearly reflect Hitachi’s pioneering spirit andforward-looking focus, creating value as one Hitachi by further strengthening collaboration between its businesses.Ahead of the next Mid-term Management Plan, the brand refresh reflects Hitachi’s transformation over the years, bymodernizing the company’s visual identity for the first time in 25 years, with six key design assets, including an evolved logo so all Group companies adopt the same ‘Hitachi’ logo; refreshed colours; bespoke typeface; dynamic layouts; imagery; and graphic textures.Hitachi Sans, a new bespoke typeface created for Hitachi, ensures the new font acts as a unique signature ofHitachi’s brand identity. Hitachi has also added a new range of 3D tonal textures inspired by the brand’s origins and precision engineering expertise. They come in two styles - Red and Neutral - and will be used as a wide range of backdrops, both static and moving.The new brand design follows the announcement of incoming President and CEO, Toshiaki Tokunaga, and a new business structure that will accelerate the creation of Hitachi's unique value globally through leveraging strengths in IT, OT, and products.Toshiaki Tokunaga, who will become President and CEO of Hitachi, Ltd. from April 1, 2025, said: “This newbrand design demonstrates Hitachi Group's determination to unite and challenge itself for a new stage of growth, by leveraging the transformation it has already undergone.“To achieve sustainable growth and enhance corporate value for Hitachi, we believe it is essential to continuously transform our mindset and work practices by swiftly identifying and adapting to changes in the economy andsociety. The Hitachi Group, spread across the globe, will come together under a single brand design that symbolizes this transformation, to create unique value that only Hitachi can offer, while advancing social innovation initiatives.”About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” - supporting our customers’ digital transformation; “Green Energy & Mobility” - contributing to a decarbonized society through energy and railway systems, and “Connective Industries” - connecting products through digital technology to providesolutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers.The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiariesand approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com. Copyright 2025 JCN Newswire via SeaPRwire.com.
Tesla Cybertrucks Face Widespread Recall by Regulators
Almost all Cybertrucks currently in use are being recalled by U.S. safety regulators. This marks the eighth recall for Tesla's Cybertruck since it began delivering to customers just over a year ago. The National Highway Traffic Safety Administration (NHTSA) has issued a recall for over 46,000 Cybertrucks. The agency warns that an exterior panel located along both sides of the windshield could detach while the vehicle is in motion, posing a hazard to other drivers and increasing the likelihood of an accident. According to the NHTSA report, the stainless steel strip, known as the cant rail assembly, is affixed to the truck's structure between the windshield and the roof using a structural adhesive. The solution involves using an adhesive that is resistant to "environmental embrittlement," as stated by the NHTSA, and includes further reinforcement. Tesla will replace the panel at no cost to owners. Notification letters are expected to be sent out to owners around May 19, 2025. The recall affects 46,096 Cybertrucks, encompassing all models from 2024 and 2025 manufactured between November 13, 2023, and February 27, 2025. The NHTSA order indicates that Tesla became aware of this issue earlier in the year. Recent viral videos on social media show individuals removing these panels from Cybertrucks by hand. Since deliveries began in late 2023, the Cybertruck has been subject to eight recalls in the last 15 months due to safety concerns. These include a November recall related to a faulty electric inverter that could lead to a loss of power to the drive wheels. In April of last year, a recall was issued to address accelerator pedals that could become trapped by interior trim. Additional recalls have addressed problems with windshield wipers and the display screen. This is the latest challenge for the electric car manufacturer owned by Elon Musk, which has faced criticism since President Donald Trump's administration authorized Musk to oversee a new Department of Government Efficiency focused on reducing government spending. Although no injuries have been reported, Tesla showrooms, vehicle storage lots, charging stations, and private vehicles have been targeted. Prosecutors in Colorado filed charges against a woman last month regarding attacks on Tesla dealerships. These attacks included Molotov cocktails thrown at vehicles and graffiti with the phrase "Nazi cars" sprayed on a building. Federal agents in South Carolina arrested a man last week who they believe set fire to Tesla charging stations near Charleston. According to an affidavit from an agent with the Bureau of Alcohol, Tobacco, Firearms and Explosives, authorities discovered writings critical of the government and DOGE in his bedroom and wallet. Even before these recent attacks, Tesla has been struggling with increasing competition from other electric vehicle manufacturers, especially those in China. While largely unaffected by the recall announcement, Tesla's stock has dropped by 42% in 2025, signaling growing pessimism as sales decline globally. Regarding the recall, Cybertruck owners can contact Tesla customer service at 1-877-798-3752 or the National Highway Traffic Safety Administration Vehicle Safety Hotline at 888-327-4236, or visit nhtsa.gov. ```
Trump to Order Plan to Dismantle Education Department, Fulfilling Campaign Pledge
WASHINGTON — President Donald Trump is set to sign an executive order on Thursday directing the dismantling of the U.S. Education Department. This action fulfills a campaign promise to eliminate an agency that has long been a target for conservatives. Trump has criticized the Education Department, calling it wasteful and influenced by liberal ideology. However, actually dismantling the department is unlikely to be possible without Congressional approval, as it was Congress that established the department in 1979. According to a White House fact sheet, the order will instruct Secretary Linda McMahon “to take all necessary steps to facilitate the closure (of) the Department of Education and return education authority to the States, while continuing to ensure the effective and uninterrupted delivery of services, programs, and benefits on which Americans rely.” White House press secretary Karoline Leavitt stated on Thursday that Trump’s action will significantly reduce the size of the department, but it will continue to manage federal student loans and Pell grants. She added that essential duties, such as civil rights enforcement, will remain, though she did not specify how they would be carried out. Leavitt told reporters that the responsibility for educating the nation's students will be returned to the states. The Trump administration has already been reducing the agency’s size, halving its workforce and making substantial cuts to the Office for Civil Rights and the Institute of Education Sciences, which collects data on academic progress nationwide. Public school advocates have warned that eliminating the department would disadvantage children within an already unequal American education system. The National Parents Union released a statement saying that this action isn't about improving education, but about denying millions of children a fair chance, which they vowed to fight against. Rep. Bobby Scott of Virginia, the leading Democrat on the House Committee on Education and the Workforce, described Trump’s order as “dangerous and illegal,” arguing it would disproportionately harm low-income students, students of color, and students with disabilities. Scott emphasized that the department was originally founded partly to ensure the enforcement of students’ civil rights, a cause opposed by those who favored public school segregation and campaigned for a return to “states’ rights.” Supporters of Trump’s educational vision have welcomed the order. Tiffany Justice, co-founder of Moms for Liberty, stated on social media that it would end bloated bureaucracy dictating what kids learn, and stifling innovation. She added that states, communities, and parents could take control and customize education to suit their children's needs. The White House has yet to officially detail which department functions might be transferred to other departments or eliminated altogether. During her confirmation hearing, McMahon stated that she would maintain essential initiatives, including Title I funding for low-income schools and Pell grants for low-income college students. She said the administration’s goal was to create "a better functioning" department. The department distributes billions of dollars annually to schools and oversees $1.6 trillion in federal student loans. Currently, the agency is primarily focused on managing finances, including its large student loan portfolio and various aid programs for colleges and school districts, such as school meals and support for homeless students. It also plays a crucial role in overseeing civil rights enforcement. While states and districts already control local schools and curriculum, some conservatives advocate for eliminating the strings attached to federal funding and instead providing states with “block grants” to use at their discretion. However, block granting has raised concerns about funding for essential programs like Title I, the largest source of federal funding for K-12 schools. Families with children with disabilities have expressed concerns about the impact on the department’s work to protect their rights. Federal funding constitutes a relatively small portion of public school budgets, about 14%. This funding often supports supplemental programs for vulnerable students, like the McKinney-Vento program for homeless students or Title I for low-income schools. Colleges and universities are more dependent on funding from Washington, through research grants and federal financial aid that helps students afford tuition. Republicans have discussed closing the Education Department for decades, arguing that it wastes taxpayer money and interferes in decisions that should be made by states and schools. This idea has gained traction recently as conservative parents’ groups demand more control over their children’s education. In his platform, Trump pledged to close the department and return it to the states, where he believes it belongs. He has described the department as a haven for “radicals, zealots and Marxists” who overextend their reach through guidance and regulation. Even as Trump aims to dismantle the department, he has relied on it to promote aspects of his agenda, using the investigative powers of the Office for Civil Rights and the threat of withdrawing federal education funding to target schools and colleges that violate his orders regarding transgender athletes, pro-Palestinian activism, and diversity programs. Some of Trump's allies have questioned his authority to close the agency without congressional action, and there are doubts about its political popularity. In 2023, the House considered an amendment to close the agency, but 60 Republicans joined Democrats in opposing it. During Trump’s first term, Education Secretary Betsy DeVos attempted to significantly reduce the agency’s budget and asked Congress to consolidate all K-12 funding into block grants, giving states more flexibility in how they spend federal money. This proposal was rejected, facing opposition even from some Republicans. Leavitt is one of three administration officials named in a lawsuit by the Associated Press on First and Fifth Amendment grounds. The AP claims the three are punishing the news agency for editorial decisions they oppose. The White House contends that the AP is not adhering to an executive order to refer to the Gulf of Mexico as the Gulf of America. ```
Kirsty Coventry Makes History as First Woman, First African Elected to Lead IOC
COSTA NAVARINO, Greece — In a historic election, Kirsty Coventry has been chosen as the president of the International Olympic Committee, marking the first time a woman and an African have held this prestigious position in global sports. Coventry, Zimbabwe's sports minister and a two-time Olympic gold medalist in swimming, achieved a surprising victory in the first round of voting. The election involved seven candidates and was decided by 97 IOC members on Thursday. At the age of 41, she will serve an eight-year term, extending until 2033, making her one of the younger IOC presidents in history. This IOC presidential election was considered the most open and unpredictable in recent decades, with no clear favorite emerging beforehand. Many anticipated that it would take multiple rounds of voting to reach an absolute majority, but Coventry secured exactly the 49 votes needed in the first round. Coventry's win is also seen as a triumph for the outgoing IOC president, Thomas Bach, who has been a long-time supporter of her candidacy. He abstained from voting. "I pledge to make you all very proud and confident in the decision you have made," Coventry stated in her acceptance speech. "Now, we have work to do together." As she approached the podium, she was congratulated and kissed by Juan Antonio Samaranch, who was expected to be her strongest competitor and received 28 votes. Sebastian Coe came in third with only eight votes. The other candidates included the presidents of several sports governing bodies: Sebastian Coe of track and field, Johan Eliasch of skiing, David Lappartient of cycling, and Morinari Watanabe of gymnastics. Prince Feisal al Hussein of Jordan also participated in the race. Coventry will officially succeed Bach as the 10th IOC president on June 23, which is recognized as Olympic Day. Bach is stepping down after serving the maximum of 12 years in office, marking the end of his tenure in the 131-year history of the IOC. A key challenge for Coventry, 41, will be guiding the Olympic movement through various political and sporting issues leading up to the 2028 Summer Games in Los Angeles, which includes engaging in diplomatic discussions with U.S. President Donald Trump. Coventry's IOC will also be responsible for selecting a host for the 2036 Summer Games, with potential bids from India and the Middle East. During the five-month campaign, which had strict rules set by the Bach-led IOC, the strongest contenders appeared to be Coventry, who recently had her second child, IOC Vice President Samaranch, and Coe. Samaranch aimed to follow in the footsteps of his father, Juan Antonio Samaranch, who served as the IOC's seventh president from 1980 to 2001. Coe hoped to add to his already impressive Olympic career. As a two-time Olympic gold medalist in the 1,500 meters, he spearheaded the bidding team for the 2012 London Olympics and then dedicated the next seven years to leading the organizing team for those highly praised Games. It has been a successful week for Bach, who warmly congratulated Coventry and shared smiles with her after her acceptance speech. Bach was honored on Wednesday at the beginning of the IOC annual meeting, receiving high praise and the title of honorary president for life. His hands-on, executive-style presidency will leave behind a financially stable IOC, on track to generate over $8 billion in revenue through the 2028 LA Olympics. He also secured future hosts through 2034: Italy, the United States, France, Australia, and the U.S. again, with the Winter Games returning to Salt Lake City. A key policy of Bach's has been gender parity, ensuring equal quotas of male and female athletes at the 2024 Paris Olympics and improving the balance of female members within the IOC and its executive board, which he chairs. The board now includes seven women among its 15 members, including Coventry. Her victory on Thursday will further enhance Bach's legacy in promoting women in the Olympics. Coventry secured consecutive titles in the 200-meter backstroke at the 2004 Athens Olympics and the 2008 Beijing Olympics. She joined the IOC in 2013, almost a year after a contested athlete election at the London Olympics. Her position among the four elected athletes was confirmed after Court of Arbitration for Sport rulings against two of her opponents. The incoming president will have the important task of overseeing the IOC's selection of a host for the 2036 Summer Games. "There is only one thing," Samaranch stated on Wednesday when asked about future challenges. "We must focus on successful and relevant Olympic Games. The rest will follow with the success of the Games." The IOC members, an exclusive group, include royal family members, former lawmakers and diplomats, business leaders, sports officials, and Olympic athletes. Even Oscar-winning actress Michelle Yeoh is a member. Members voted without hearing additional presentations from the candidates, in an election influenced by a discreet network of friendships and alliances formed behind the scenes. ```
Taliban Releases American Tourist Held in Afghanistan for Over Two Years
WASHINGTON — The State Department announced Thursday that the Taliban has released an American man, George Glezmann, who was kidnapped over two years ago while traveling in Afghanistan. The release was facilitated by Qatari negotiators as part of an agreement with the Trump administration. Glezmann, an Atlanta-based airline mechanic, is the third American to be freed by the Taliban since January. He was captured by Taliban intelligence in December 2022 and officially designated as wrongfully detained by the U.S. government the following year. Secretary of State Marco Rubio stated that Glezmann is returning to the United States to reunite with his wife, Aleksandra. He also thanked Qatar for their crucial diplomatic efforts in securing Glezmann's release. Rubio called Glezmann’s release a “positive and constructive step,” while also reminding that other Americans remain detained in Afghanistan and that President Trump would continue to work to free all Americans unjustly detained around the world. Adam Boehler, who handles hostage issues for the Trump administration, is accompanying Glezmann back to the United States via Doha, Qatar. Earlier Thursday, the Taliban revealed that Boehler had met with a delegation including Afghan Foreign Minister Amir Khan Muttaqi to discuss hostage matters. The release of Glezmann, who is in his mid-60s, is considered by the Taliban as part of the "normalization" of relations between the U.S. and Afghanistan following the U.S. withdrawal in 2021. However, most countries still do not recognize the Taliban's government. Glezmann's release follows a previous agreement in January, also mediated by Qatar, that led to the release of Ryan Corbett and William McKenty. The Taliban's Foreign Ministry in Kabul stated that Corbett and McKenty were exchanged for Khan Mohammed, who was captured in Nangarhar, Afghanistan, and sentenced to two life terms in the U.S. in 2008 under U.S. narco-terrorism laws. Unlike the January arrangement, the U.S. did not release any prisoners to secure Glezmann’s freedom, which was presented as a goodwill gesture, according to a source familiar with the negotiations who requested anonymity. President Joe Biden considered a prior proposal before leaving office that involved releasing Glezmann and other Americans in exchange for Muhammad Rahim, a Guantanamo Bay detainee. However, Biden informed families in January that he would not approve the trade unless the Taliban also released Mahmood Habibi, an Afghan-American businessman and contractor who disappeared in Kabul in 2022. The FBI and Habibi's family believe he was abducted by the Taliban, a claim the Taliban denies. Representatives for Habibi cited "overwhelming evidence" that he was arrested by the Taliban after his home was searched by individuals identifying themselves as Taliban security forces. Ahmad, one of Habibi’s brothers, stated, “We are confident that the Trump Administration will hold firm that my brother needs to be released for relations with the U.S. to move forward. We have reason to be confident Mahmood is alive and in Taliban custody, despite their hollow denials of holding him. My brother is an innocent man who has been held away from his wife, young daughter, and elderly parents for 953 days.” Associated Press writers Victoria Eastwood in Cairo and Munir Ahmed in Islamabad contributed to this report. ```
A Look at the US Department of Education’s Functions and History
` tags. Reports indicate that President Donald Trump intends to sign an Executive Order aimed at restructuring the Department of Education. Trump is expected to sign the order on Thursday, instructing the new Education Secretary Linda McMahon to commence the restructuring process. This move to potentially dismantle the department is consistent with the key themes of Trump's second term. Spearheaded by the Department of Government Efficiency [DOGE], under the guidance of Elon Musk, the President has been actively working to reduce the size of the government through significant budget cuts and funding freezes across various sectors. On March 11th, news emerged that 50% of the Department of Education's staff is slated for layoffs, as part of what is being termed its "final mission," with a statement indicating that "impacted department staff will be placed on administrative leave beginning Friday, March 21st." In early March, Jonathan E. Collins, an assistant professor of political science and education at Columbia University’s Teachers College, told TIME: “We’re likely to continue seeing the trends we’ve observed under the Trump Administration, which involve significantly reducing the department's activities and essentially turning it into a mere shell of its former self.” Amidst concerns and uncertainties about the future under the Trump Administration, here’s an overview of the Department of Education's history and its current functions: When was the Department of Education established? The Department of Education's history dates back to 1867, when the first department with this name was . At that time, its mandate was different, primarily focused on collecting data about schools and sharing best practices in education. Concerns about the department's potential overreach in schools led to its downgrading to an Office of Education under different agencies. The modern Department of Education was created by Congress in 1979 in response to calls for increased federal funding for education and "national efforts to help racial minorities, women, people with disabilities, and non-English speaking students gain equal access to education," How big is the Department of Education? As of last September, the Department of Education had approximately 4,200 employees, , representing about 0.2% of the total federal workforce last year—making it the smallest among the 15 Cabinet agencies. What does the Department of Education do? The Department of Education currently has a wide array of responsibilities and oversees numerous offices, including Federal Student Aid (FSA), the Institute of Education Sciences (IES), the Office for Civil Rights (OCR), and the Office of Special Education and Rehabilitative Services (OSERS). Through the FSA, the Department of Education manages the $1.693 trillion in outstanding federal student loans, along with various student aid programs like the Pell Grant and work-study programs. The department is the for college students. The department also provides 13.6% of the funding for public K-12 education, according to the , distributing funds through programs like Title I—which provides supplemental financial aid to school districts/schools with a high proportion of students from low-income families—as well as grants under the Individuals with Disabilities Education Act (IDEA), which provides funds to districts for serving and teaching students with disabilities, and grants for initiatives such as adult rehabilitation services. The department on educational facilities nationwide and ensures in federally funded schools, including and .











