Warsaw, Poland Aug 11, 2025 - Expo Display Studio, a prominent firm in bespoke exhibition stand creation and assembly, is pleased to announce its role as a dedicated stand builder for MWC 2026. The Mobile World Congress 2026 (MWC 2026) is scheduled to be held from March 2-5, 2026, at Fira Gran Via, Barcelona, gathering international pioneers in mobile technology, connectivity, and emerging innovations. As the world's foremost connectivity event, it will feature the latest breakthroughs in 5G, AI, IoT, and digital transformation. Expo Display Studio will assist exhibitors in making a significant impact with custom-designed exhibition stands crafted specifically for the MWC Barcelona 2026 audience. Why Select Expo Display Studio for MWC 2026?Expo Display Studio integrates innovation, practicality, and strategic planning to produce impactful exhibition stands for Mobile World Congress 2026. Tailored Designs for MWC 2026 Barcelona - Unique booth concepts customized to mirror your brand's identity and attract maximum visitors. Comprehensive Stand Builder for MWC 2026 - Covering everything from initial concept and design to manufacturing, logistics, and on-site assembly. Commitment to Sustainability - Environmentally friendly and reusable materials for a more eco-conscious presence at MWC Barcelona 2026. Proven Success at MWC - Extensive experience delivering stands that distinguish themselves at Mobile World Congress events. Innovative Stand Creations for Mobile World Congress 2026At MWC 2026, every exhibitor vies for attention in one of the planet's most competitive technology environments. As an entrusted stand builder for MWC 2026, Expo Display Studio constructs booths that blend architectural excellence with interactive technology to ensure peak engagement. "Our objective at Expo Display Studio is to enable brands to excel at events such as MWC 2026 Barcelona by constructing stands that are both aesthetically stunning and strategically designed to generate business leads," stated of Expo Display Studio. About MWC Barcelona 2026Organized by the GSMA, Mobile World Congress 2026 is the globe's largest assembly for the mobile and technology sector. MWC 2026 Barcelona will draw exhibitors, tech leaders, and decision-makers from over 200 nations, establishing it as the ultimate platform for networking, brand visibility, and business expansion. About Expo Display StudioExpo Display Studio is an international exhibition stand provider specializing in , fabrication, and comprehensive trade show solutions. With significant expertise at events like MWC Barcelona, the company furnishes innovative booth solutions for global enterprises. ???? Website: https://www.expodisplaystudio.com???? Email: connect@expodisplaystudio.com???? Phone: +48 225 583 113 Press Contact:Expo Display Studio???? connect@expodisplaystudio.com | ???? +48 225 583 113Media ContactExpo Display Studio Sp.zoo+48 225 583 113101A Ostrobramska, st. Source :Expo Display Studio Sp. zoo
Uttarakhand Classroom Empowers Locals to Achieve Global Dreams
Dehradun, Uttarakhand Aug 11, 2025 – In a quiet corner of Dehradun, away from the bustling city centers, a remarkable change is happening. Every weekend, people from diverse backgrounds gather in a bright classroom at Diston Institute. Some come after closing their shops, while others come after working. Some even travel from nearby towns, bringing notebooks and their children, committed to not missing a lesson. They attend for various reasons, including a young graduate who wants to start a freelance career. A homemaker attends to learn how to promote her home-based baking business. A retired banker attends to explore stock and trading to earn a second income. They are united by ambition and the belief that opportunity should be accessible to everyone, regardless of their background or financial status. Diston Institute was founded with a clear goal: to make job-ready skills available to all, not just those in major cities with money. Diston offers short-term and weekend courses designed for different schedules, instead of long, expensive programs. The courses are practical, hands-on, and encouraging. For Anjali, a 27-year-old mother from Rishikesh, this method has been transformative. "I didn't think the internet was for me," she says. "Now, I design digital posters for a bakery in Delhi from home." For Ravi, a shopkeeper from Mussoorie, learning about the stock market has allowed him to make better financial choices for his family. For Priya, a recent graduate, graphic design skills were necessary for landing her first remote job with an international client. These success stories are typical at Diston. The Institute believes that when education is affordable, accessible, and less intimidating, people gain valuable skills and change their lives. In a time when technology often increases inequality, Diston shows that small classrooms can be as effective as corporate training centers. Sometimes, big changes start with a weekend workshop, a borrowed laptop, and a supportive teacher. About Diston Institute Diston Institute, located in Dehradun, Uttarakhand, offers accessible and hands-on courses in Digital Marketing, Graphic Designing, and Stock & Share Market Trading. With a focus on short weekend programs, Diston helps learners from all backgrounds gain skills to create real opportunities. Location1st Floor, Above Career House Building , GMS Road, Dehradun, Uttarakhand - 248001 Contact: +91 7037441036 | info@distoninstitute.com Website:Media ContactDiston Institute07037441036GMS ROAD DEHRADUN, 1st floor Career house building, Dehradun Source :Diston Institute ```
COOKT Launches Nationwide, Delivering Favorite Home-Cooked Meals Across the U.S.
Your Preferred Home-Cooked Dishes, Now Available for Delivery Throughout the U.S.Alexandria, Virginia – August 11, 2025 - COOKT, the innovative platform transforming food delivery by offering fresh, homemade meals from local culinary talents, is excited to reveal its imminent nationwide rollout. What began as a community-focused food initiative is expanding to deliver genuine, chef-crafted dishes to households throughout America. Bid farewell to takeout monotony. Say goodbye to bland, pre-packaged dishes. COOKT brings you authentic meals—prepared by genuine individuals—delivered directly to your doorstep. Through the platform, customers can explore a frequently updated selection of dishes expertly prepared by certified home chefs. Whether your desire is for a substantial lasagna, aromatic biryani, or nutritious vegan bowls, a diverse range of options is available. Every meal is created with dedication, enthusiasm, and the comforting tastes of homemade cuisine. "Our objective is straightforward—to ensure home-cooked meals are as readily available and convenient as ordering from a restaurant," stated COOKT's Founder. "We are enabling independent chefs and providing communities with authentic, soulful food." As COOKT readies itself for its nationwide expansion, early registration is now accessible. Prospective customers can enroll to be among the first to discover a more intelligent, more delicious approach to dining: Why Opt for COOKT? Home-style meals prepared by professional chefs Empowerment for community-based culinary talents No commitment, no sacrifices—pure taste Prepare to transform your dining experience. COOKT is set to launch shortly—and your next beloved meal could very well originate from a nearby home kitchen.Media ContactCOOKT571-497-55185680 King Centre Drive, Suite 600, Office 617, Alexandria, Virginia 22315, USA Source :COOKT
Shandong Baokun Metal Shares Chrome Shaft Maintenance Best Practices for Enhanced Lifespan and Performance
Chrome shafts are essential in various industrial applications, including hydraulic and automation systems, manufacturing equipment, and automotive assemblies.Liaocheng, Shandong Aug 10, 2025 - Shandong Baokun Metal Material Co., Ltd, a leading global manufacturer and supplier of premium metal materials, is sharing detailed insights on chrome shaft maintenance. Given the increasing reliance of industries on chrome shafts for their strength, accuracy, and efficiency, appropriate maintenance is vital for ensuring optimal lifespan and performance. Ms. Sun, a representative for Shandong Baokun Metal Material Co. Ltd, is providing a thorough guide on care, offering useful advice, recommended procedures, and answers to common questions. The Importance of Chrome Shaft Maintenance Chrome shafts are crucial components in a wide array of industrial uses, from hydraulic systems and automation tools to manufacturing machinery and automotive parts. Their unique blend of strength, resistance to corrosion, and a smooth surface make them indispensable. However, even the best chrome shafts need consistent upkeep to function effectively. Understanding Chrome Shafts: Composition and Applications Before discussing maintenance tips, it's important to understand what makes chrome shafts unique. A typical Chrome Shaft includes a robust steel core coated with a layer of hard chrome plating. This chrome layer provides exceptional hardness, resistance to wear, and a low friction coefficient, making it perfect for applications requiring precision and durability. Common Applications Include: Hydraulic and pneumatic cylinders Linear motion systems Printing and packaging machinery Automotive components Industrial automation equipment Considering their vital functions, maintaining chrome shafts is not only about preserving the part itself but also about guaranteeing the dependability and efficiency of the entire system. Chrome Shaft Maintenance Tips: Maximizing Longevity and Efficiency Ms. Sun stresses that a proactive approach to chrome shaft maintenance can greatly improve both lifespan and operational efficiency. The following tips will help users maximize the performance of their chrome shafts: 1. Regular Inspection and Monitoring Regular inspections are the foundation of effective care. By routinely checking for signs of wear, corrosion, or damage, potential problems can be identified and addressed before they worsen. Key Inspection Points: Surface condition: Check for scratches, pitting, or peeling of the chrome layer. Straightness: Look for any bending or distortion. Lubrication: Ensure the shaft has enough lubrication to minimize friction. Mounting and alignment: Make sure the shaft is correctly aligned and securely mounted. Tip: Use a magnifying glass or a surface roughness tester for detailed inspections, particularly in high-precision applications. 2. Proper Lubrication Lubrication is essential for reducing friction and preventing wear on chrome shafts. The choice of lubricant depends on the application and operating environment. Best Practices: Use high-quality lubricants that are compatible with chrome surfaces. Apply lubricant evenly along the shaft's length. Re-lubricate regularly, especially in high-speed or high-load applications. Avoid over-lubrication, as it can attract dust and debris. Transition: While lubrication is important, keeping the shaft clean is equally vital. 3. Cleaning and Contamination Control Contaminants like dust, dirt, and moisture can speed up wear and corrosion. Therefore, maintaining a clean operating environment is crucial. Cleaning Guidelines: Wipe the shaft with a clean, lint-free cloth regularly. Use gentle solvents or cleaning agents that won't harm the chrome layer. Avoid abrasive materials that can scratch the surface. Install protective covers or bellows in environments with a high risk of contamination. Tip: Include a regular cleaning schedule as part of your preventive maintenance program. About Shandong Baokun Metal Material Co., Ltd Shandong Baokun Metal Material Co., Ltd is a top manufacturer and supplier of high-quality metal materials, specializing in , precision tubes, and related products. With a focus on innovation, quality, and customer service, Baokun serves clients in various industries worldwide. More info about the companyCompany Name: Shandong Baokun Metal Material Co., LtdAddress: Room 1211, Commercial Office Building 2, Development Zone, Liaocheng, ShanDong, China 252800Contact Phone: +86 15763576989Contact Name: Ms. SunEmail: Website: Media ContactChrome Shaft | Shandong Baokun Metal Material+86 15763576989Development Zone, Liaocheng, ShanDong, China 252800 Source :Shandong Baokun Metal Material Co. Ltd
Executive Roof Coach, LLC Debuts as Training Platform “By Roofers, For Roofers”
Colorado Springs, Colorado – August 10, 2025 – The Executive Roof Coach, LLC is excited to announce the launch of its website, www.executiveroofcoach.com, marking a new chapter in professional development for the commercial roofing industry. Created by experienced roofers, The Executive Roof Coach aims to help roofing professionals advance their careers, expand their businesses, and gain the necessary skills to succeed in today's competitive environment. Unlike general training programs, The Executive Roof Coach focuses specifically on the commercial roofing industry, providing practical strategies, proven methods, and insider knowledge. The platform's goal is to help transform roofing professionals into confident industry leaders. "We understand the challenges roofers face because we've experienced them firsthand," said [Founder/CEO Name], founder of The Executive Roof Coach, LLC. "Our mission is to bridge the gap between practical expertise and executive success, equipping roofers with the tools to excel in leadership, sales, and operations, while staying connected to the realities of the trade." The new website offers: Specialized Commercial Roofing Training - Covering areas like sales, leadership, project management, safety, and operational excellence. Practical, Actionable Insights - Strategies that have been tested and proven in actual roofing businesses. Coaching from Industry Veterans - Direct access to mentors who have successfully built and grown roofing companies. Flexible Learning Formats - Designed to accommodate busy schedules, with options for online modules, live coaching, and on-site training. The Executive Roof Coach, LLC is more than just a training platform; it's a community where roofers can connect, learn, and develop alongside peers who share similar challenges and goals. About The Executive Roof Coach, LLC The Executive Roof Coach, LLC is a leading training and coaching platform for commercial roofing professionals. Founded by experienced industry experts, the company provides specialized coaching, comprehensive resources, and practical strategies to empower roofers to improve their skills, expand their businesses, and achieve lasting success. Media Contact: [Sean Moriarty] [CEO] The Executive Roof Coach, LLC [Pr@executiveroofcoach.com] Media ContactThe Executive roof Coach Source :The Executive Roof Coach ```
Atua AI Introduces Intelligent Workflow Nodes for Optimized Web3 Operations
The new node design results in greater efficiency, adaptable automation, and scalability across networks for decentralized AI systems.Singapore, Singapore Aug 10, 2025 - (TUA), a leading innovator in decentralized AI infrastructure, has introduced its Intelligent Workflow Nodes. These specialized modules are designed to optimize operational workflows, enhance execution efficiency, and improve interoperability within Web3 ecosystems. The nodes allow businesses to coordinate, monitor, and optimize AI-driven processes smoothly across blockchain networks. The Intelligent Workflow Nodes are built to handle intricate task logic while adapting to shifting network conditions. By incorporating advanced orchestration features, the system ensures quicker execution times, increased throughput, and reduced computational waste. This makes it particularly well-suited for businesses handling large volumes of decentralized workloads. This upgrade also improves the scalability of AI operations, enabling organizations to expand without sacrificing performance or stability. With this launch, Atua AI continues to pursue its goal of making AI-powered automation more accessible, adaptable, and dependable in the Web3 space. The addition of Intelligent Workflow Nodes provides a crucial layer of operational intelligence. This allows businesses to maintain peak efficiency, improve cross-chain communication, and strengthen protocol resilience in rapidly changing digital environments. About Atua AI Atua AI provides AI-driven productivity and creativity tools for Web3, including Chat, Writer, Coder, Imagine, Transcriber, Voiceover, Voice Isolator, and Classifier. By integrating AI with decentralized infrastructure, Atua AI enables businesses and creators to operate seamlessly across various blockchain networks.Media ContactKaJ Labs88887012914730 University Way NE 104- #175 Source :KaJ Labs ```
TradeGaugeAI Unveils AI-Driven QoE Reports in Hours Following $2 Million Seed Round
Ponte Vedra, Florida Aug 10, 2025 - TradeGaugeAI, an innovative AI financial intelligence platform, today revealed its formal market introduction and initiated a $2 million seed funding round at a $12 million valuation cap. TradeGaugeAI is revolutionizing how businesses and investors gain insights by providing the world's first AI-generated Quality of Earnings (QoE) reports in mere hours instead of weeks, in addition to valuations for small-to-medium businesses (SMBs) and private equity portfolios. This enables unparalleled speed, cost-effectiveness, and data-backed decision-making. As AI-powered financial solutions surge in 2025, TradeGaugeAI is positioned to spearhead the evolution of business intelligence within the M&A and SMB sectors. This seed round represents a distinct chance for investors to support an enterprise poised to fundamentally transform financial intelligence. Guiding this initiative is CEO Jeff Cree, whose forward-thinking leadership propels TradeGaugeAI's objective to reshape financial intelligence. "Our ambition is to equip business owners with insights typically found at the CFO level, and investors with valuations and QoE reports, all made available in a matter of hours," Cree stated. "Through the integration of accounting data into our advanced AI Business Intelligence Dashboard, we are fundamentally changing how enterprises obtain and utilize critical strategic insights." Accompanying Cree are Roger Robles, Chief Operating Officer (COO); Taylor Postell, Chief Financial Officer (CFO); Kyle Cobb, Chief Artificial Intelligence Officer (CAIO); and Ken Lollar, Chief Revenue Officer (CRO), who recently achieved a successful exit as co-founder of iink Payments, a digital payments network that streamlined insurance claim disbursements. This powerful executive team contributes extensive proficiency in AI, finance, and operations, aiming to redefine the analysis of financial and operational data. The TradeGaugeAI platform harnesses advanced artificial intelligence to offer immediate insights, interactive visual representations, sophisticated appraisal instruments, predictive analytics, and accurate valuations for entities ranging from SMBs to private equity portfolios. "Our AI technology fundamentally changes the landscape, delivering insights with unparalleled swiftness and precision," commented Kyle Cobb, CAIO. "By incorporating accounting data into our state-of-the-art AI Business Intelligence Dashboard, we are expanding the limits of what is achievable in financial analysis." The platform integrates effortlessly with existing accounting systems, simplifying due diligence, valuation, and strategic decision-making procedures, significantly cutting down on time and expenses when compared to conventional approaches. Cost-Effective Subscription Models for Businesses of All Scales To ensure its innovative tools are widely accessible, TradeGaugeAI plans to offer various pricing tiers, categorized into two main groups: one for business owners and another for investors. These flexible plans are designed to guarantee that enterprises of any scale, from small-to-medium businesses to substantial investors, can utilize TradeGaugeAI's potent AI-driven instruments at a significantly reduced cost compared to conventional financial analysis, consistent with the platform's objective of making advanced insights broadly available. The $2 million seed funding round, available at a $12 million valuation cap, will be utilized to bolster TradeGaugeAI's proprietary AI algorithms, enlarge its team of specialists, and hasten market expansion within the U.S. and internationally. "At the heart of our mission lies financial transparency," stated Taylor Postell, CFO. "This capital will empower us to construct the essential infrastructure required to provide cost-efficient, accurate valuations and analytics to our clientele." The platform's capacity to deliver customized analytics, predictive modeling, and exhaustive valuations distinguishes it within a market eager for advancements. "We are extending an invitation to investors to collaborate with us in revolutionizing this industry," Cree further remarked. "Our operational framework is both economical and distinctive." The introduction of TradeGaugeAI makes groundbreaking AI financial instruments available to businesses and investors worldwide. "Drawing on my experience in scaling iink Payments from its inception to processing $60 million monthly in insurance payments, I am certain that this funding will propel our go-to-market approach," stated Ken Lollar, CRO. "Our operational setup is designed for rapid scalability, guaranteeing that our platform provides smooth, superior results to clients globally," noted Roger Robles, COO. Cree was instrumental in developing TradeGaugeAI to fulfill the demand for prompt decision-making, particularly evident during a condensed roll-up strategy at Atlantic Gulfstream Partners, thereby empowering investors and business proprietors to act decisively and with assurance. For additional details regarding TradeGaugeAI or to investigate investment prospects, please visit www.tradegauge.ai or reach out to invest@tradegauge.ai. Concerning TradeGaugeAI Based in Ponte Vedra Beach, FL, TradeGaugeAI is a technology firm that is revolutionizing business intelligence, transaction analysis, and valuations utilizing artificial intelligence. Established in 2024, the company furnishes SMB owners, private equity organizations, and investors with sophisticated tools for financial and operational examination, predictive insights, and valuation offerings. TradeGaugeAI's core mission is to render advanced insights swift, obtainable, and practical for everyone.Media Relations ContactTradeGaugeAI822 A1A N. Suite 310 Ponte Vedra Beach, FL 32082 Source :TradeGaugeAI
TransNusa Focuses on Organic Growth to Strengthen Network Connectivity in China
TransNusa Increases Flight Options For Two Routes From ManadoPT TransNusa Aviation Mandiri converts two chartered flights from Manado to scheduled commercial flightsTickets sale for Manado to Shanghai and Manado to Shenzhen started on July 29, 2025TransNusa continuously expands international route and starts strengthening Manado base in IndonesiaJAKARTA, Aug 11, 2025 - (ACN Newswire via SeaPRwire.com) - FOCUSING on organic growth, TransNusa converts two charter flight routes between Manado and Shanghai as well as Manado and Shenzhen to scheduled commercial routes, starting 8 September and 2 October, respectively.TransNusa Group Chief Executive Officer, Datuk Bernard Francis said while the Manado-Shenzhen scheduled commercial flight is direct, the Manado-Shanghai flight plan has a stop-over of between 30 to 35 minutes at the Clark International Airport.“Our main priority and focus is to create new exciting routes for our passengers and offer seamless and fast travels, whether through direct routes or transits routes.” Datuk Francis said, explaining that the Manado-Clark-Shenzhen route is very popular among tourists.“With the launch of these new commercial routes, we hope to provide tourists from Manado and China additional options to travel,” Datuk Francis said, adding that TransNusa will also provide its passengers with options to visit other major tourist destinations from Manado, such as Bali, also known as Indonesia’s Island of Gods.Details of the new RoutesFrom October 2, TransNusa will be operating three flights a week from Manado’s Sam Ratulangi International Airport to Shenzhen Bao’an International Airport. The TransNusa flight, 8B 175, will depart Manado at 21.10pm and arrive at the Shenzhen Bao’an International Airport at 01.00am while TransNusa flight, 8B 176, will depart Shenzhen Bao’an International Airport at 02.00am and arrive in Manado at 05.50am.TransNusa will be operating the Manado-Shenzhen route three times weekly. The Manado-Shenzhen route scheduled commercial flights are on Tuesday, Thursday and Saturday while the Shenzhen-Manado route scheduled commercial flights will be on Wednesday, Friday and Sunday.TransNusa’s scheduled Manado-Shenzhen flight ticket price starts from as low as IDR3.499.000, CNY1.525 and USD226 while it’s schedule flight from Manado to Shanghai ticket price starts from as low as IDR3.988.000, CNY1.688 and USD257. TransNusa tickets are available for purchase at transnusa.co.id and all other main online travel agent platforms worldwide.Meanwhile, the TransNusa flight, 8B 101, from Manado will depart at 14.00pm and arrive at the Clark International Airport at 16.40pm. The flight will depart Clark International Airport at 17.15pm and arrive at the Shanghai Pudong International Airport at 20.55pm. The flight, 8B 102, will depart the Shanghai Pudong International Airport at 23.05pm and arrive at Clark International Airport at 02.30am. The TransNusa 8B 102, will depart Clark International Airport at 03.00am and arrive at Manado’s Sam Ratulangi International Airport at 05.30am.Datuk Bernard said that TransNusa will operate the six hours 50 minutes scheduled commercial flight route 3 times week. TransNusa’s scheduled commercial flight from Manado will depart on Monday, Wednesday, and Friday.For both the newly introduced scheduled commercial flights, Datuk Bernard said TransNusa will be utilizing its C909 jet airliner, which has only 95 seats, to ensure that passengers travel with comfort.Datuk Bernard Francis…TransNusa offers new flight options for its passengersBrief History On TransNusaTransNusa, which had to close business due to the Covid-19 pandemic was injected with new shareholders and management team in 2022. The airline opened its doors for business in October and within six months, in April 2023, launched its first international flight from Jakarta to Kuala Lumpur, Malaysia.After which, under the new leadership of Datuk Francis, and the new management team, the airline successfully launched three more new international routes by the end of 2023. In 2024, the airline continued growing its international and domestic route and at the same time recording historical firsts that also became a significant industry first for the Indonesian aviation industry. Since April 2023, TransNusa has been making headlines in Malaysia, Singapore, China and around the world with news of being the first airline in Indonesia and the world to develop and introduce a new domestic route connecting Bali and diving haven, Manado. TransNusa also became the second Indonesian airline to receive approval to fly to China and provided Indonesians with more pricing and route options to China.TransNusa’s aggressive international growth strategy combined with its domestic business operations approach has enabled the airline to be the fastest growing airline in South East Asia.About TransNusaTransNusa Airline, is a Premium Service Carrier. After the take-over, in February 2024, the airline rebranded itself from being a Low-Cost Carrier to a Premium Service Carrier in line with its upgraded aircrafts that offers better comfort as well as based on the flexibility and quality of the services offered.TransNusa, which received its AOC certification on 9th September 2022, launch its first three A320 operations on 6th October, 14th October and 12th December, 2022. In 2023, TransNusa introduced a new business model making it the first Premium Service Carrier in the Asia Pacific region. TransNusa introduced its first international flight on 14th April, 2023. The airline is currently has bases in Jakarta, Bali and Manado.The airline currently flies from Jakarta to Yogyakarta, Bali, Kuala Lumpur, Malaysia, Subang, Malaysia and Guangzhou, China. It also flies from Bali to Jakarta and Manado. TransNusa will be launching its scheduled Bali to Perth route on March 20th and its Bali to Guangzhou route on April13th. TransNusa made history when it became the second Indonesian airline to fly to China and the first Indonesian airline to launch a Premium Service Carrier business model.Passengers can book their flights on the TransNusa website (www.transnusa.co.id), through authorized travel agents in Singapore, Malaysia and Indonesia, or by contacting the airline's customer service centre at, +62216310888. For the Singaporean market, passengers can contact TransNusa’s General Sales Agent, Chariot Travels Pte Ltd, at +65 86602719 for assistance.TransNusa’s Primary Media Contact:Trina Thomas Rajtrina@myqaseh.org+60124992672 (watsapp) Copyright 2025 ACN Newswire via SeaPRwire.com.
31 Concept to Debut Patent-Pending Technology at ISS Asia 2025 in Singapore
DUBAI, Aug 11, 2025 - (ACN Newswire via SeaPRwire.com) - 31 Concept (31C), an emerging leader in network intelligence and cybersecurity innovation, today announced it will unveil its first patent-pending technology at ISS Asia 2025 in Singapore. The breakthrough, developed entirely within the company's 31 Concept Research Lab, marks a major milestone for the startup, which is stepping out of stealth mode after just seven months of intense development.31 Concept's Innovation PatentedThe 31 Concept Research Lab serves as the company's innovation engine, uniting world-class experts in deep packet inspection, AI-driven analytics, cybersecurity, and advanced networking. With decades of combined experience from projects spanning telecom, military, and national infrastructure, the lab's team operates at the intersection of applied research and practical deployment, delivering solutions designed to solve real-world challenges at scale."Our patent-pending technology is the direct result of the unique expertise and relentless drive inside our Research Lab," said Misha Hanin, CEO and Co-Founder of 31C. "We built this in record time without compromising on quality or innovation. This is just the first step in a series of breakthroughs we intend to bring to the market."ISS Asia, recognized as one of the most important professional conferences in the world for intelligence, security, and law enforcement technologies, will provide the global stage for the debut. The event draws leaders from government, telecom, and private industry, making it the perfect venue for 31C's first public presentation."The speed at which the 31 Concept Research Lab turned a concept into a patent-pending reality shows the strength of our people and our process," added Boriss Heismann, CTO of 31C. "This is technology designed to address the most pressing needs in network visibility, security, and performance - and to do it in ways the industry has not seen before."The company's presentation at ISS Asia 2025 will highlight the capabilities of the new platform, detail the patent-pending elements, and outline the roadmap for further innovations currently in development.About 31C31 Concept is a technology company focused on next-generation data intelligence platforms for telecom providers, governments, and regulated industries. Its flagship R&D division, the 31 Concept Research Lab, develops breakthrough technologies in network intelligence, cybersecurity, and AI-driven analytics.Contact InformationMisha HaninCEOmisha.hanin@31c.ioSOURCE: 31 ConceptRelated Images Copyright 2025 ACN Newswire via SeaPRwire.com.
Huitongda Network (9878.HK) Reached Comprehensive AI Collaboration Agreement with Alibaba Cloud Jointly Develop “AI+Industry” Ecosystem to Drive Rural Markets’ Digital Transformation
EQS Newswire / 11/08/2025 / 11:26 UTC+8 (11 August 2025, Hong Kong) Huitongda Network Co., Ltd (9878.HK), a leading industrial internet company in China empowering rural family-owned stores with its digital technology and supply chain capabilities, is pleased to announce a comprehensive AI collaboration agreement with Alibaba Cloud, which was signed on 8 August 2025. Focused on smart retail, member operations, and smart supply chains, the two parties will jointly develop AI+ digital solutions for the rural markets, supporting the intelligent upgrading of rural commerce and related industries. Wang Jianguo, Chairman of Fivestar Holdings and Huitongda Network, and Liu Weiguang, Senior Vice President of Alibaba Cloud Intelligence Group and President of Public Cloud Business, witnessed the signing ceremony. Sun Chao, Vice President of Huitongda Network and CEO of Huitong Datatech Smart Technology, and Li Hao, Head of Alibaba Public Cloud in Jiangsu and Anhui, signed the agreement on behalf of both parties. Extensive Operating Data + AI to Boost Store Operating Efficiency and Consumer Willingness For a long time, retail stores in rural markets have faced challenges such as low operational efficiency and low accuracy of product recommendations. Large Language Models (LLM), with their powerful data analysis and decision-support capabilities, offer a key solution to these issues. Under the collaboration, the “Qwen” LLM and its AI capabilities will be integrated into Huitongda's business platform, creating an “Small Shop LLM Agent”. This digital assistant will automate tasks including customer reception and inquiry handling to boost sales and profits. It is also capable of auto-generating and executing marketing and event plans, and providing improved product recommendations and inventory management, which will greatly improve the intelligent servicing capability of its S2b2c supply chain. In addition, the “Sales Forecast AI Agent”, which has integrated Alibaba Cloud's AI capabilities with Huitongda’s industry data, will also provide stores with precise procurement and stocking solutions, further improving supply chain efficiency. Leveraging cloud resources and computing power, the two parties will jointly accelerate the digital development of rural markets. Specifically, Alibaba Cloud will provide Huitongda with cloud computing resources and high-performance computing power to support Huitongda’s needs in AI model training and inferencing, allowing rapid iteration and transformation of industry models. Meanwhile, the two parties will also seek to deepen collaboration on product distribution and user data analysis, exploring methods such as targeted traffic investment to continuously activate rural markets. The two parties will form a professional collaboration team, with Alibaba Cloud providing solution architects and other professionals to Huitongda, developing new applications based on Alibaba Cloud's full-stack AI products. Empowering approximately 250,000 Member Stores, Serving 300+ Million Consumers As a leader in urban-rural product circulation and rural digital penetration, Huitongda Network now operates a network of 248,000 member stores across 21 provinces, ranking first in scale in the B2B rural market servicing sector. With a growing focus on “AI+SaaS” development, its Service Business revenue reached RMB 610.5 million in 2024. The company was listed on the Main Board of the Hong Kong Stock Exchange in 2022. Alibaba Cloud, the largest public cloud service provider in China and the Asia-Pacific, has developed the globally leading “Qwen” LLM. In the recent Chatbot Arena rankings, a reputable international large model evaluation platform, Alibaba's new Qwen3 ranked third globally among all closed and-open-source models, setting a record for the highest-scoring global open-source model and domestic model to date. This comprehensive “AI+Industry” collaboration, focused on “expanding the blue ocean market”, will not only increase both parties’ market share and service revenue in sinking markets but also carry profound social significance. In particular, leveraging Huitongda's extensive channel network, the two parties will extend AI capabilities to county-level regions. This not only responds to the national strategies of “Digital China” and “Rural Revitalization” but also narrows the urban-rural digital divide, empowers millions of rural family-owned stores, and enables groups to benefit from technological progress. In will also support “new farmers” and promote the equitable flow of social resources. - End - About Huitongda Network Co., Ltd. Huitongda Network (9878.HK) is a leading industrial internet company dedicated to serving rural family-owned retailers in China’s rural markets. Supported by its digital technology and supply chain capabilities, the Group strives to provide member stores with stable and efficient one-stop supply chain solutions, as well as SaaS+ services and merchant solutions for its member stores, channel partners, brand manufacturers, and other stakeholders along the value chain. The comprehensive solutions allow the Group to create a unique digital ecosystem with niche business opportunities. As of December 31, 2024, Huitongda Network has established a retail ecosystem with its 248,000+ member stores in China, covering 21 provinces and municipalities and more than 25,000 villages and towns. The Company was listed on the main board of the Stock Exchange of Hong Kong (SEHK) on February 18, 2022. This press release is issued by DLK Advisory Limited on behalf of Huitongda Network Co., Ltd.. For enquiries, please contact: DLK Advisory 金通策略 Telephone: +852 2857 7101 Fax: +852 2857 7103 pr@dlkadvisory.com 11/08/2025 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
GROKR Exchange Ltd: Pagsasanib ng Pagsunod sa Batas at Inobasyon, Nangunguna sa Kinabukasan ng Digital na Pananalapi
Ang GROKR Exchange Ltd, na nakabase sa Denver, Colorado, USA, ay isang kumpanya na nagbibigay ng mga serbisyo sa kalakalan ng digital assets at kaugnay na mga serbisyong pinansyal sa pandaigdigang mga gumagamit. Ang plataporma ay sumusunod sa pangunahing prinsipyo ng “legal, ligtas, at mapagkakatiwalaan,” gamit ang mataas na kalidad ng teknolohiya at mahigpit na pagsunod sa mga regulasyon upang makapagbigay ng matatag, transparent, at mapagkakatiwalaang kapaligiran sa kalakalan para sa mga gumagamit. Paglikha ng Pangmatagalang Halaga sa Kalakalan ng Digital Assets sa Pamamagitan ng Mga Patakaran at Tiwala Sa mabilis na paglago ng industriya ng digital assets at patuloy na pagtataas ng mga pamantayan sa regulasyon, ang GROKR Exchange Ltd ay nagpapatibay ng kanyang propesyonalismo at kredibilidad sa pandaigdigang merkado sa pamamagitan ng matatag na sistema ng pagsunod sa batas at global na pananaw. Bilang isang lehitimong rehistradong kumpanya sa Estados Unidos, nakuha ng GROKR Exchange Ltd ang sertipiko ng rehistro mula sa gobyerno ng estado ng Colorado, na nagpapatunay ng kanyang pagiging isang independiyenteng legal na entidad at pagsasagawa ng mga operasyon sa buong mundo alinsunod sa batas. Hindi lamang ito, nakumpleto rin ng GROKR Exchange Ltd ang rehistrasyon sa Financial Crimes Enforcement Network (FinCEN) ng US Department of the Treasury bilang isang Money Services Business (MSB). Pinahintulutan itong magbigay ng iba't ibang legal na serbisyo tulad ng foreign exchange, remittance, pagbebenta ng prepaid cards, at pag-cash ng tseke, na sumasaklaw sa lahat ng estado at teritoryo ng US. Bukod dito, noong Hunyo 2025, pormal na nagsumite ang plataporma ng Form D sa US Securities and Exchange Commission (SEC) para sa private placement, na nagpapabuti pa sa pagsunod sa istraktura ng kapital at nagpapatunay sa patuloy nitong dedikasyon sa transparency at regulasyon. Ang mga sertipikasyong ito ay mahalagang patunay ng legalidad ng operasyon ng GROKR. Pamamalakad na Nakabatay sa Patakaran Itinuturing ng GROKR Exchange ang pagsunod sa batas bilang pundasyon ng kanyang paglago. Sa lahat ng aspeto mula sa pamamahala ng kumpanya, regulasyon sa kalakalan, hanggang sa pangangasiwa ng assets ng mga gumagamit, mahigpit nitong sinusunod ang mga lokal at internasyonal na pamantayan upang masiguro ang pagsubaybay at beripikasyon ng lahat ng operasyon. Maaaring suriin ng mga gumagamit ang rehistro ng kumpanya at estado ng pagsunod sa opisyal na mga channel ng US, na nagbibigay ng dagdag na katiyakan at tiwala. Kalidad ng Teknolohiya at Panganib na Pamamahala Ang pangunahing sistema ng kalakalan ng plataporma ay binuo ng sariling koponan, na gumagamit ng mataas na pagganap na matching engine at multi-layered na seguridad. Kahit sa mga panahon ng mataas na dalas ng kalakalan at pabagu-bagong merkado, matitiyak ang katatagan ng proseso at kaligtasan ng paglipat ng mga asset, na nagbibigay sa mga gumagamit ng maaasahang karanasan. Global na Saklaw Kasabay ng Lokal na Pag-aalaga Serbisyong pangglobong inilaan para sa maraming pamilihan sa mundo, na may suporta sa maramihang wika at 24/7 na customer support. Pinahahalagahan ng plataporma ang epektibong komunikasyon at pagpapaunlad ng relasyon sa mga gumagamit sa pamamagitan ng iba't ibang channel upang makabuo ng mataas na kalidad na komunidad na may tiwala at aktibong partisipasyon. Dinisenyo para sa Mga Propesyonal na Mangangalakal Mula sa mga high-frequency trader hanggang sa mga long-term holder, ang GROKR Exchange ay nag-aalok ng mababang latency at mataas na kahusayan sa kalakalan. Mayroon itong mabilis na response at mataas na kapasidad sa matching na nagdadala ng tuloy-tuloy na liquidity at tumpak na pagganap para sa mga gumagamit. Strategic na Pagpapalawak sa Global na Pananaw Sa kasalukuyan, may mga lokal na koponan na ang GROKR Exchange sa mga mahahalagang merkado gaya ng Asia at North America, at unti-unting pinapalawak ang global na istraktura ng serbisyo. Patuloy ang kumpanya na sumunod sa mga batas sa iba't ibang rehiyon upang mapanatili ang balanse ng risk control at paglago ng negosyo. Ayon sa GROKR Exchange, patuloy silang mag-iinvest sa pagpapaigting ng pagsunod sa batas, kakayahang teknikal, at karanasan ng gumagamit upang palakasin ang mga core advantage ng plataporma sa pagiging “legal, ligtas, at mapagkakatiwalaan.” Kasabay nito, lalawak din ang kanilang pandaigdigang pakikipagtulungan upang makabuo ng isang matatag, maayos, at mapagkakatiwalaang ekosistema para sa kalakalan ng digital assets. Company Information Company Name: GROKR Exchange Ltd Website: grokrd.com Email: edwards@grokrmail.com Address: 1696 Larimer St, Denver, CO 80202, US
GROKR Exchange Ltd: Balancing Compliance and Innovation to Lead the Future of Digital Finance
GROKR Exchange Ltd, headquartered in Denver, Colorado, USA, is a global digital asset trading and financial services platform. Committed to the core values of compliance, security and reliability.The company leverages a high-performance technology infrastructure and strict regulatory oversight to provide users with a stable, transparent, and trustworthy trading environment. Building Long-Term Value Through Rules and Trust As the digital asset industry rapidly evolves and regulatory standards continue to rise, GROKR Exchange Ltd is strengthening its global credibility and professional standing through a robust compliance system and an international perspective. Formally registered in the United States, the company holds a Certificate of Incorporation issued by the Secretary of State of Colorado, confirming its legal status as an independent entity authorized to operate globally. In addition, GROKR Exchange Ltd is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) under the U.S. Department of the Treasury. This registration authorizes the company to legally offer financial services such as foreign exchange, remittances, prepaid card sales, and check cashing across all 50 U.S. states and territories. Furthermore, in June 2025, GROKR officially filed a Form D with the U.S. Securities and Exchange Commission (SEC) for a private securities offering, further aligning its capital structure with regulatory expectations and demonstrating a sustained commitment to operational transparency and compliance disclosure. These credentials serve as key pillars of GROKR’s lawful and trusted business foundation. Compliance-First Operating Philosophy GROKR Exchange places regulatory compliance at the core of its business strategy. From corporate governance and transaction monitoring to asset protection and internal controls, the platform adheres to both U.S. and internationally recognized standards. All activities are designed to be fully auditable and verifiable. Users can verify GROKR’s registration and regulatory status through official U.S. government channels, enhancing platform credibility and user trust. Dual Strength in Technology and Risk Control GROKR’s core trading engine is independently developed in-house, featuring high-performance matching algorithms and multi-tiered security architecture. Even in high-load or high-volatility market conditions, the platform maintains operational stability and asset safety, delivering a secure and consistent experience for users worldwide. Balancing Global Reach with Localized Support Serving multiple markets across the globe, GROKR Exchange supports multilingual interfaces and offers 24/7 customer support. The platform is deeply focused on communication, responsiveness, and community engagement using various digital and local channels to build a high-trust, participatory ecosystem for its users. Built for Professional-Grade Trading Whether for high-frequency traders or long-term investors, GROKR Exchange delivers a low-latency, high-efficiency trading environment. Its high-speed matching system and infrastructure offer consistent liquidity and execution precision under dynamic conditions. Strategic Global Expansion GROKR Exchange has established operational teams across key regions in Asia and North America, gradually rolling out a global service network. As the company expands internationally, it continues to operate strictly within regional legal frameworks, ensuring regulatory alignment and sustainable business growth in parallel. GROKR Exchange has stated that it will continue to invest in compliance infrastructure, technological innovation, and user experience. These pillars will further reinforce its positioning as a compliant, secure, and reliable digital asset platform. The company is also actively expanding its international partnerships to collaboratively build a stable, well-regulated, and credible global digital asset ecosystem. Company Information Company Name: GROKR Exchange Ltd Website: grokrd.com Email: edwards@grokrmail.com Address: 1696 Larimer St, Denver, CO 80202, US
Qube Celebrates 20 Years of Business Events Impact with Industry Recognition and Vision for the Future
KUALA LUMPUR, Aug 8, 2025 - (ACN Newswire via SeaPRwire.com) - Qube Integrated Malaysia Sdn. Bhd. (Qube), a leading local business events industry player celebrating its 20th anniversary this year, won 10 prestigious awards at the Malaysia Business Events Awards (MBEA) 2025, organised by the Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS) last night.The company, an established name in the MICE (Meetings, Incentives, Conferences and Exhibitions) industry, was honoured at the event held at the Kuala Lumpur Convention Centre with five Excellence Awards and five Merit Awards, out of the 10 categories it was shortlisted for, including:1. Exhibition Management Excellence Award: Qube for Malaysia International Halal Showcase (MIHAS) 20242. Trade Exhibition Excellence Award for events between 10,001–20,000 sqm: BuildXpo Malaysia 20243. Booth Design Excellence Award for booths below 72sqm held in overseas: MyCEB Pavilion at IMEX Frankfurt4. Booth Design Excellence Award for single deck booth 73 sqm & above: Proton Pavilion at KLIMS 20245. Stage Design Excellence Award: Acer APAC Predator League 20256. Trade Exhibition Excellence Merit Award (20,001 sqm and above): MIHAS 20247. Event Excellence (B2B – Corporate) Merit Award: Proton e.MAS 7 Grand Launch8. Booth Design Excellence Merit Award (Double Deck): Malaysia Airlines @ MATTA Fair – March 20249. Merit Award Booth Design Excellence Merit Award (Double Deck): Malaysia Airlines @ MATTA Fair – Sept 202410. Purpose-Built Venue Excellence Merit Award (15,001 sqm and above): Malaysia International Trade and Exhibition Centre (MITEC)Founded in 2005 and headquartered in Kuala Lumpur, Qube marks its 20th anniversary this year with a bold step forward in digital innovation, talent development, and regional collaboration. Reinforcing its long-term commitment to shaping the future of MICE, the company has announced several new initiatives that underline its role as a strategic player in Malaysia’s trade and tourism growth.Over the last two decades, Qube has grown from a boutique design-and-build agency into a powerhouse for creative and executional excellence in exhibitions and events. The company has delivered Malaysia’s pavilions at global showcases, including Expo 2017 Astana and Expo 2020 Dubai, which drew millions of visitors. In 2024, Qube set a significant milestone when the company acquired the tenure to manage the Malaysia International Trade and Exhibition Centre (MITEC), the country’s largest business events venue.In 2024, Qube also acquired SEA Healthcare & Pharma Show (SEACare), a long-running business trade exhibition in the medical and pharma sector. Most recently, Qube designed, built and managed the Malaysia Pavilion at the 2025 Mobile World Congress in Barcelona, and continues to manage MIHAS, the world’s largest halal trade fair and a Guinness World Records title holder.On this achievement, Richard Teo, Executive Chairman of Qube, said: “This recognition means a great deal to us. It reflects the dedication of our team, the trust of our clients, and the strength of the partnerships we have built. These platforms do more than showcase what we can do. They position Malaysian brands globally, create new opportunities for SMEs, and attract long-term business and investment into the country.”“Business events are not just about putting people in the same room. They help drive innovation, stimulate economic activity, support jobs and strengthen supply chains. At the heart of it all, we are focused on creating meaningful impact for our clients, our people and the nation,” he added.Collaboration with the Public SectorQube continues to work closely with public agencies including MATRADE, the Construction Industry Development Board (CIDB), the Malaysia Convention & Exhibition Bureau (MyCEB) and others. These partnerships align with national priorities under the 13th Malaysia Plan and ongoing tourism recovery efforts, particularly in SME development, export growth, talent upskilling and business event-driven tourism.Looking ahead, Qube will play a central role in several major upcoming platforms:MIHAS 2025, in partnership with MATRADESME Venture@ASEAN 2025, with SME Corporation MalaysiaICW & BuildXpo 2025, co-organised with CIDB MalaysiaIn addition, Qube will host its signature event, WE2025: Future in Motion, a flagship initiative for empowering women in business, leadership, and innovation, from 25 to 27 November 2025. Themed Women in Trade. Investment. Leadership., this multi-platform event is organised in collaboration with the Ministry of Women, Family and Community Development and the Department of Women Development.WE2025 features four integrated pillars: a leadership conference, a large-scale trade and investment expo, curated business matching and key side events.Aimed at women entrepreneurs, corporate leaders, SMEs, startups, youth, ecosystem enablers and inclusive industries from across ASEAN and beyond, WE2025: Future in Motion is expected to attract 10,000 visitors, 1,000 delegates, 500 exhibitor booths, and generate RM100 million in trade and investment opportunities.“We have always believed in using our platforms to make a lasting difference. Whether it is through delivering a high-impact trade show, empowering local brands, or raising the bar in venue management, our purpose has remained the same. Our growth is powered by talent, shaped by innovation, and guided by the values of inclusivity and excellence,” added Teo.Contacts for Media Enquiries: MNAIR PR Consultancy Sdn. Bhd.Sashikala NairDirector, Public Relations+6012 566 9095sashi@mnairpr.comShuman VasuAssociate Director, Public Relations+6017 354 6461shumanv@mnairpr.comQube Integrated Malaysia Sdn. Bhd. (Qube)Yasmin BathamanathanManager, PR & Communications+6012 358 9063yasmin@qube.com.my Copyright 2025 ACN Newswire via SeaPRwire.com.
Shoucheng-Backed Data Center REITs Surge on Market Debut
HONG KONG, Aug 11, 2025 - (ACN Newswire via SeaPRwire.com) - On August 8, the first batch of data center REITs—Nanfang Range Technology Data Center REIT and Nanfang Wanguo Data Center REIT—officially debuted on the Shanghai and Shenzhen stock exchanges, both hitting the daily price limit on their first day of trading, closing at RMB 5.850 and RMB 3.9, respectively. Their strong performance marked the official entry of the REITs market into the "tech new infrastructure" arena and underscored the important role of industrial capital in driving the securitization of computing power infrastructure.As a key investor in both projects, Shoucheng Holdings Limited (0697.HK) has once again found itself in the spotlight. Through its wholly-owned subsidiary, Beijing Shouyuan Xinrong Investment Co., Ltd., and the Beijing Pingzhun Infrastructure Real Estate Investment Fund under its management, Shoucheng Holdings invested in both Nanfang Wanguo Data Center REIT and Nanfang Range Technology Data Center REIT. This represents not only another precise move in the data center sector but also the latest step in Shoucheng’s broader REITs market strategy.Tapping into the “Computing Power Base” to Capture Digital Economy GrowthAccording to public information, the Nanfang Wanguo Data Center REIT is backed by the Guojin Data Cloud Computing Center in Huaqiao, Kunshan, with 4,192 racks; the Nanfang Range Technology Data Center REIT is backed by the A-18 Data Center at Runze (Langfang) International Information Port, located in the Beijing-Tianjin-Hebei National Computing Hub, with 5,897 racks and an occupancy rate exceeding 99%. Both assets are core regional computing power resources, playing a vital role in supporting 5G, artificial intelligence, and big data applications.Industry experts note that the launch of data center REITs marks the first time that public REITs in China have covered the technology innovation infrastructure segment, facilitating more efficient allocation of computing resources and enhancing the capital market’s ability to serve the digital economy.Full-Chain Deployment: Building a Closed-Loop REITs EcosystemShoucheng’s involvement in the REITs market has long gone beyond single investments. Since becoming one of the largest strategic investors in China’s inaugural public REITs in 2021, the company has built a complete ecosystem covering “Pre-REITs industrial fund incubation — platform operations — public REITs exit — strategic placement investment.”Currently, Shoucheng’s REITs fund management scale exceeds RMB 30 billion, with investments spanning transportation hubs, urban renewal, green energy, and data centers. In 2025 alone, the company has invested in the Sunlon REIT and the Huadian REIT, and through the Beijing Pingzhun Infrastructure Real Estate Investment Fund, partnered with China Life Investment and Caixin Life Insurance to launch a RMB 10 billion Pingzhun Infrastructure Fund, further strengthening its position as a leading industrial capital player in the REITs market.Industrial Capital Advantage: Driving Sustainable Market DevelopmentAs an industrial capital investor, Shoucheng Holdings not only provides funding but also leverages its expertise in asset management, operations, and integration of intelligent infrastructure to enhance both the operational efficiency and long-term value of underlying assets. This “capital + operations” dual empowerment model differentiates the company from pure financial investors in the REITs market.Analysts believe that with the ongoing expansion of China’s public REITs market and the acceleration of securitization in emerging infrastructure such as data centers, Shoucheng Holdings is well-positioned to benefit from the convergence of “new tech infrastructure + REITs” and to consolidate its leadership in the sector.Posted by All Way Success Company Limited for Shoucheng Holdings www.shouchengholdings.com [HKSE:0697, FRA:SHVA, OTCPK:SHNHF] Copyright 2025 ACN Newswire via SeaPRwire.com.
China XLX Announces 2025 Interim Results
EQS Newswire / 10/08/2025 / 18:11 UTC+8 Press Release (For immediate release) China XLX Announces 2025 Interim Results Q2 Profit Saw Strong QoQ Rebound On Improved Sales Volume and Selling Prices of Products 2025 Interim Results Highlights: Q2 revenue grew by 16.7% QoQ to approximately RMB 6.82 billion. Profit attributable to owners of the parent for Q2 surged by 103.4% QoQ to approximately RMB 402 million. The Group continued to optimize the debt structure, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June and the finance expenses dropped by 14% YoY in the first half. The debt-to-asset ratio stayed at a healthy level of 63.5%. (10 August 2025, Hong Kong) China XLX Fertiliser Ltd. (“China XLX” or the “Company”, together with its subsidiaries collectively referred to as the “Group”), announced that the Group’s revenue for the three months ended 30 June 2025 grew by 16.7% quarter-on-quarter to approximately RMB 6.82 billion. Profit attributable to owners of the parent for the period climbed 103.4% quarter-on-quarter to approximately RMB 402 million. In the first half of this year (the “Review Period”), the Group posted revenue of approximately RMB 12.666 billion, up 5.0% year-on-year. Profit attributable to owners of the parent for the period reduced by 12.8% year-on-year to approximately RMB 599 million. While the Group’s first-quarter results were dragged by lower product prices, its second-quarter results significantly improved from previous quarter. The selling prices of its products, in particular those of urea and melamine, remarkably rebounded in the second quarter on a gradual pickup in downstream demand. Underpinned by enhanced marketing efforts and orderly deployment of new production capacity, the Group’s revenue steadily grew as the sales volumes of different products increased at varying degrees Revenue from urea sales in the first half amounted to approximately RMB 3.225 billion, down by 16% year-on-year mainly due to 19% year-on-year decrease in average selling price. Owing to a combination of factors including market imbalance, export control and reduction in feedstock prices, urea selling prices spiraled downwards early this year and hence dragged down the average selling price of urea for the first half. Nevertheless, urea prices gradually picked up in the second quarter and grew by 10% from previous quarter as the urea export policy became clear and downstream demand was continually unleashed. The Group seized the opportunity arising from eased export control to vigorously expand into overseas markets, resulting in an increased export of 47,000 tons from a year ago and 4% year-on-year growth in the sales volume of urea. Moreover, it continued to strengthen the production technology and took advantage of the favorable environment from declined coal prices to bargain with suppliers for greater reduction in coal costs. As a result, the average production cost came down by 7% year-on-year. Mainly driven by 8% year-on-year growth in sales volume, revenue from the sale of compound fertilisers grew by 5% year-on-year to approximately RMB 3.566 billion in the first half. The successful commissioning of Guangxi Production Base enabled the Group to cover the Guangdong, Guangxi and Hainan markets. The robust agricultural demand in South China, a major cash crop producing area, drove steady growth in the sales volume of compound fertilisers and led to 11% year-over-year increase in the sales volume of high-efficiency fertilisers. Guangxi Production Base allows the Group to better serve the regional markets. Revenue from the sale of methanol reached approximately RMB 1.642 billion in the first half, representing 27% year-over-year growth. As the growth pace of production capacity in the market slowed down and many downstream facilities commenced operation, the methanol market showed signs of improvement. In the context of such market environment, the Group signed strategic long-term agreements with upstream suppliers in advance. With stepped-up efforts to stabilize the selling prices and expand foreign trade, the sales volume of methanol grew 28% year-on-year. During the Review Period, the Group continued to optimize the debt structure and expand the financing channels, with the ratio of long-term borrowings to short-term borrowings improved from 6:4 at the beginning of this year to 7:3 at the end of June. Such loan arrangements not only aligned with the development cycles of the Group’s projects and fully met their funding needs, but also helped mitigate the Group's short-term debt repayment pressure and further strengthened its debt structure. Meanwhile, the Group took advantage of interest rate cuts to refinance high-interest loans, resulting in 0.8 percentage point decrease in average lending rates and 14% year-on-year decrease in finance expenses in the first half. As of the end of June, the Group's debt-to-asset ratio remained at a healthy level of 63.5%. When the Phase II of Jiangxi Project commences operation in the third quarter of this year as planned, it will generate positive cash flow to the Group in the second half, hence reducing the pressure from capital expenditures for the full year and keeping its debt-to-asset ratio within a reasonable range. Looking ahead into the second half, Mr. Liu Xingxu, Chairman of China XLX, said: Urea prices are expected to stabilize amid sufficient supply in domestic nitrogenous fertiliser market, stable demand and orderly adjustment of urea exports. Furthermore, as the modernization of China’s agriculture gathers momentum, the country’s crop cultivation areas will continue to expand. There is robust demand for high-efficiency fertilisers from large-scale farmers. Mr. Liu Xingxu noted that the Group is China’s leading advocate for high-efficiency fertilisers. It is committed to the research and applications of advanced technology such as slow-release and controlled-release fertilisers and fertigation. Through vigorous efforts to promote the economical use of water and fertilisers, the efficient planting to boost yields and the fertiliser applications for modern agriculture, the Group reinforces its competitive edges in the market. Meanwhile, it will stick to the strategy of driving “high-quality development based on fertiliser business”. By establishing a strong foothold on synthetic ammonia production, it will leverage the economies of scale and the production base model to achieve low-cost operation in coal gasification through efficient recycling of resources at production bases. The Phase II of Jiangxi Production Base is slated for production in the third quarter of this year, and the New Chemical Materials Project at Xinxiang Production Base is scheduled to commence operation in the first quarter of 2026. Meanwhile, the development of new production bases in Guangxi and Zhundong is progressing on schedule. When all facilities under construction are fully operational by 2027, the Group’s cash inflow will significantly outstrip its capital expenditures and hence create a virtuous cycle of “investment, output and growth”. ~ END ~ About China XLX Fertiliser Ltd. China XLX Fertiliser Ltd. is one of the largest and most cost-efficient coal-based urea producers in China. It is principally engaged in developing, manufacturing and selling of urea, compound fertiliser, methanol, dimethyl ether, melamine, furfuryl alcohol, furfural, 2-methylfuran, pharmaceutical intermediates and related differentiated products. The Group adheres to the development strategy of “maintaining overall cost leadership and creating competitive differentiation" while strengthening the core fertiliser operations. With support of the resources in Xinxiang, Xinjiang and Jiangxi, it extends the value chain to upstream new energy and new materials and diversifies into coal chemical related products. The Company’s shares (stock code: 01866.HK) are traded on the main board of the Hong Kong Stock Exchange. Investor and Media Enquiries China XLX Fertiliser Ltd. Gui Lin Tel: 86-135-6942-3415 Email: gui.lin@chinaxlx.com.hk PRChina Limited Rachel Chen Tel: 852-2522 1368 / 852-2522 1838 Email: rchen@prchina.com.hk File: 【Press Release】China XLX Announces 2025 Interim ResultsFile: China XLX Announces 2025 Interim Results 10/08/2025 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
Natural Beauty 2025 Interim Profit Surges by 136% to HK$11 Million
HONG KONG, Aug 6, 2025 - (ACN Newswire via SeaPRwire.com) - 5 August, The well-known dual-listed beauty and skincare group in Asia, Natural Beauty Bio-Technology Limited ("Natural Beauty"), together with its subsidiaries (the "Group"; Hong Kong stock code: 00157), today announced its interim results for the six months ended 30 June 2025 (the "Review Period"). The Group's turnover and profit for the Review Period soared by nearly 70% to over HK$260 million and 136% to HK$11 million, respectively. A good number of its core indicators for the period also reached record highs, evidencing the strong development resilience and growth potential of the Group in the beauty and skincare sector.Mainland China, which is the core market of the Group, recorded turnover HK$220 million in the first half of 2025, up 101% year-on-year, and has thus become the main driving force of the Group’s overall performance growth. In terms of channels, the franchise model performed particularly well, contributing turnover of HK$200 million, a 115% increase year-on-year. In the Review Period, 237 new franchise stores were added, a leap of 88%. The rapidly expanding store network has given the segment solid support for turnover growth. Turnover from self-owned channels (including counters) climbed by 112% to HK$13 million, reflecting the success of its refined retail operations. In addition, the turnover of the health supplements segment also grew by 110%, to HK$28 million, a testament to the success of the Group’s “Holistic Health” strategy.Dr. Lei Chien, Chairman and Executive Director of Natural Beauty, said, "The Group's ‘AI Technology, Beauty Industry, Holistic Health’ strategy has brought remarkable results and enabled us to transform our brand. In AI technology development, our strategic partnership with Spain's INDIBA has enabled the integration of their cutting-edge devices with our proprietary formulations, resulting in the co-created White Moonlight product series. By combining advanced international technology with our proprietary skincare solutions, we've transformed the series into a market bestseller - clear validation of this collaborative model's effectiveness.Mr. CHENG Chi-Chung, who has just completed his first year as the Group CEO, has led the team in strategically expanding the beauty ecosystem by introducing an agent-based store expansion and partnership model, driving rapid growth in the franchising channel. He said:” We have established a comprehensive 'Standardized Operations System + End-to-End Support Framework', enabling franchisees to replicate successful models efficiently. This system has facilitated the successful launch of 237 new stores in the first half of this year, all achieving strong business growth.Beyond the dual growth in cosmetics and AI devices, our "Total Wellness" strategy for health supplements delivered outstanding results - generating HK$28 million in revenue with nearly 110% year-on-year growth. The success stems from two key factors: firstly, the products, which closely align with consumers health demand of ‘internal and external nutrition’, are made with premium ingredients sourced globally and technically supported by cross-strait R&D centers apt in delivering high-quality nutritional solutions, and secondly, integrating with ‘Holistic Health’ scenarios, health supplements are promoted alongside skincare services to create closed-loop consumption. That confirms the strong market recognition we enjoy for our comprehensive ‘skincare + health management’ solutions.”Looking ahead, benefiting from consumption rebounding and industry upgrade, the Group will, with its “AI Technology, Beauty Industry, Holistic Health" strategy at the core, push forward in two key directions: continue to integrate industrial chain resources to speed up digital transformation across channels, and use big data to accurately capture demand and build a “demand—R&D—channels” closed-loop system to reinforce the market leadership.Photo caption:Nature Beauty OutletAbout Natural Beauty Bio-Technology Limited (Hong Kong stock code:00157)A China’s leading listed beauty and skincare brand established in 1972, has championed its core philosophy of "Natural Beauty Is True Beauty" for 54 years. Driven by its "AI Technology, Beauty Industry, Holistic Health" integrated strategy, the brand operates a global network of over 2,000 outlets. As a Chinese-origin transnational biotech pioneer, Natural Beauty continues to propel innovation in the cosmetics and skincare sector.Media enquiriesStrategic Financial Relations LimitedMandy GoTel: +852 2864 4812Email: mandy.go@sprg.com.hk Maggie ZhangTel: +852 2114 4903Email: maggie.zhang@sprg.com.hk Website:http://www.sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
Intellifusion Submits an Application to List on the Hong Kong Stock Exchange: A National Breakthrough in AI Inference Chips
HONG KONG, Aug 8, 2025 - (ACN Newswire via SeaPRwire.com) - Currently, advancements in artificial intelligence (AI) technology are driving the evolution of AI from iterative improvements in algorithms to significant breakthroughs in computational infrastructure. During this round of technological evolution, a massive demand for AI inference computing is emerging, setting new benchmarks for the architecture and cost-efficiency of computing power.Compared with general-purpose GPU architectures, NPU chips designed specifically for AI inference scenarios have become the foundation supporting the large-scale commercialization of AI industries due to the advantages such as high cost-effectiveness, energy efficiency and customization. These chips are gradually becoming one of the mainstream development directions for AI chips, accelerating the industry's transition from an era centered on GPUs for large model training to an era focused on NPUs for AI inference computing. In this race, the innovation capabilities at the foundational architecture level and extensive experience in large-scale application deployment are progressively contributing to a company’s overall competitiveness and sustainability.Among these players, Shenzhen Intellifusion Technologies Co., Ltd. (“Intellifusion”) is the first company to commercialize domestic high computing power AI inference chips in China. As a pioneer in NPU research and design, Intellifusion integrates multiple generations of architectural technical knowledge with mature commercialization experience to create high-performance, cost-effective and highly versatile inference chips. Intellifusion has achieved large-scale deployments across enterprise, consumer and industry-grade scenarios, establishing a leading position in China's AI inference chip-related products and services market in terms of revenue in 2024. On July 30, Intellifusion submitted its listing application to the Hong Kong Stock Exchange.Led by a “Hardcore” management team: providing strong traction for strategic implementationIn the deep tech sector of AI chips where technology, capital and talent concerntration converge, the management team serves not only as decision-maker for corporate strategy but also as "navigators" guiding Intellifusion through technological and industrial cycles. Intellifusion’s ability to gain a firm foothold in the highly complex and fiercely competitive AI inference chip market is inseparable from its core team, which boasts strategic foresight, technical prowess and hands-on industry experience.Dr. Chen Ning, founder, executive director and general manager of Intellifusion, is a worldwide rare expert with deep experience in semiconductor and possesses both overseas and domestic industry experience. Standing at the forefront of technology, Dr. Chen deeply understands the path from theoretical breakthroughs to product transformation, and not only possesses visionary technical foresight, but also demonstrates strong execution capability in industrialization and commercialization, which enable him to grasp Intellifusion's long-term strategic trajectory from the cutting edge of technological development with commercialization capability, and drive deep innovation along the "algorithm + chip" integration path, providing long-term traction for Intellifusion’s sustained growth.As one of the key pioneers in China's domestically-developed AI inference chips, Dr. Chen Ning has spearheaded the design and development of homegrown AI inference chips, achieving end-to-end innovation from algorithmic breakthroughs to chip-based implementation. He can rightly be considered one of the founding figures in the industrialization of China's AI inference chips. His recognition as the prominent individuals in innovation and entrepreneurship and outstanding role models at the 40th Anniversary of Shenzhen Special Economic Zone, and in July of this year, he was selected alongside entrepreneurs such as Xingxing Wang, founder of Unitree Robotics, Weiliang Chen, founder of MetaX, and Peng Zhang, CEO of Zhipu AI, as one of CCTV’s ‘AI Leaders of the Year’,.further solidifies his strategic leadership position in China's AI industry.Under the leadership of Dr. Chen Ning, Intellifusion has assembled a elite Research & Development (“R&D”) team with core members averaging over 25 years of experience in the AI industry. These veterans have long served at leading domestic technology companies, covering the entire critical technology chain from chip architecture design to algorithm development and optimization. As of the Latest Practicable Date, Intellifusion boasts 489 R&D personnel, including more than 50 engineers with over a decade of chip design experience and multiple national-level leading technical experts. This composition has established a synergistic system for chip design and algorithm development guided by seasoned industry specialists, providing robust support for rapid product innovations and continuous technological breakthroughs."Algorithm + chip" integrated strategy builds high technological barriersUnlike traditional "algorithm companies" or "chip companies" that focus on singular breakthroughs, Intellifusion has consistently adhered to the advanced concept of co-designing algorithms and chips since its inception. This approach has forged an integrated software-hardware technical capability that creates a self-reinforcing virtuous cycle, where insights from real-world deployment continuously refine algorithms, algorithmic innovations drive chip architecture upgrades, and enhanced chip performance unlocks new application scenarios. This creates a compounding flywheel effect, progressively elevating R&D efficiency and commercial scalability.At the foundational technology level, Intellifusion has established its proprietary "IFIC" platform through its algorithm-to-silicon integration capability. This end-to-end system encompasses the entire AI inference chip R&D process: algorithm analysis - instruction set definition - chip architecture design - toolchain optimization. This enables Intellifusion to develop successive generations of NPUs and AI inference chips, ensuring optimal efficiency and scenario-specific adaptability.For architectural design, Intellifusion launched “AI Computing Blocks” by employing fully home-grown advanced domestic manufacturing processes, secure supply chain with advanced semiconductor processes, featuring standardized compute units that can be stacked like building blocks to flexibly configure chips with variable computing power and enable multi-chip interconnect for scalable systems, realizing single tape-out enables multiple packaging variants, efficiently producing chips of diverse specifications while balancing flexibility and cost. To address the data transmission bottleneck of traditional computer chips, Intellifusion has pioneered an innovative Near-memory Hyper-converged Architecture, which realizes vertical integration by seamlessly combining memory and computing units in a stacked configuration, enabling direct data flow through the 3D structure, eliminating bandwidth limitations of traditional packaging interconnections, achieving on-chip bandwidth and sub-nanosecond latency, dramatically lowering the energy consumption of data transportation, and perfectly adapting to the needs of real-time loading of large-model parameters.In the chip domain, Intellifusion has developed its DeepEdge Series of inference chips based on the "IFIC" Infrastructure, utilizing the innovative " AI Computing Blocks" Architecture. Currently, DeepEdge10 Series covers a wide range from 8T to 128T of computing power per chip and supports Transformer-based models for efficient AI inference, which can realize balanced performance & efficiency, low power consumption, and flexible deployment.In terms of technology update, Intellifusion has completed development of its 4th-generation NPU and is now advancing R&D for the next-generation high-performance NPU, Nova 500.This integrated R&D system centered on "algorithms + chips" enables Intellifusion to not only ensure leading-edge performance and rapid iteration in chip design but also continuously strengthen its technological moat through product adaptability, deployment scalability, and ecosystem expansion. Notably, Intellifusion has been awarded the highest award for intelligent science and technology in China. - the "Wu Wenjun AI Science & Technology Award " - three times, making it the only company in China to have won top prizes in all three categories: algorithms, chips, and applications. This recognition underscores its end-to-end innovation capability, from core technology development to industrial implementation.Riding the Global Inference Wave: Securing Long-Term Value in AI ChipsAs the proportion of inference computing in the total lifecycle cost of large models continues to rise, surging application demand will dramatically expand the scale of inference computing needs, creating a historic opportunity for the AI industry. According to the CIC Report, the market size of AI inference chip-related products and services industry in China is expected to reach RMB1,383.0 billion by 2029, at a CAGR of 53.4% from 2024 to 2029. In particular, the NPU-powered market size is projected to climb to RMB395.4 billion by 2029, at a CAGR of 72.3% from 2024 to 2029, significantly outpacing the overall market.Under the guideline of the advanced algorithm-to-silicon chip design methodology, Intellifusion, a pioneer in the high-potential market, has established an integrated software-hardware technical capability that creates a self-reinforcing virtuous cycle. Its products and services have been validated across multiple critical application scenarios, positioning Intellifusion as an industry frontrunner. According to the CIC Report, Intellifusion is a global top-three leader in full-scenario AI inference chip-related products and services in China, based on the relevant revenue in 2024. Intellifusion is also a top-two provider of NPU-powered AI inference chip-related products and services in China, based on the relevant revenue in 2024.Leveraging its IFIC Infrastructure, R&D capabilities in AI inference chips, and deep market insight, Intellifusion can respond quickly to changes in industrial demands and grasp the opportunity in the upcoming boom in AI inference chip-related products and services industry. Supported by policy tailwinds, growing application maturity, and semiconductor supply chain localization trends, Intellifusion is strategically positioned to capitalize on China’s golden window for domestic AI chips, emerging as both a key beneficiary and driver in the global recomposition of AI compute power.In summary, Intellifusion has not only achieved full autonomy from self-developed architectures to ecosystem development but also made breakthroughs across market expansion, technological innovation, and product commercialization, establishing a difficult-to-replicate end-to-end advantage. Should its Hong Kong IPO proceed smoothly, at the time of listing, Intellifusion could potentially become China’s first and only artificial intelligence company with a dual A+H listing (Shanghai + Hong Kong). This milestone would fully unlock cross-border M&A opportunities, allowing Intellifusion to aggregate global resources, attract top-tier AI talent worldwide, and further solidify its leadership in China’s AI industry, particularly in the inference chip segment. Copyright 2025 ACN Newswire via SeaPRwire.com.
Everest Medicines Announces Full Approval of NEFECON(R) in Taiwan
HONG KONG, Aug 8, 2025 - (ACN Newswire via SeaPRwire.com) - Everest Medicines (HKEX 1952.HK) recently announced the Taiwan Food and Drug Administration (TFDA) has approved the supplementary application for NEFECON(R). NEFECON(R) is indicated to reduce the loss of kidney function in adults with primary immunoglobulin A nephropathy (IgAN) who are at risk for disease progression, irrespective of proteinuria levels.With this label update, the previous requirement in accelerated approval stage to submit full confirmatory trial analysis to demonstrate clinical benefit has been formally removed. Additionally, data demonstrating NEFECON(R)’s efficacy in delaying kidney function decline has been included in the approved product label. IgAN is highly prevalent among Asian populations, with a 56% higher risk of progression to end-stage renal disease compared to other groups and often progresses more rapidly.Taiwan region became the last region across all Everest’s territories to grant full approval for NEFECON(R), together with Mainland China, Singapore, Macao SAR, Hong Kong SAR and South Korea. This further demonstrates NEFECON(R)’s foundational first-line cornerstone treatment for IgAN patients."NEFECON(R) has received full approval in Taiwan, further validating its outstanding clinical value and offering physicians a more solid clinical foundation for treatment decisions.” Rogers Yongqing Luo, Chief Executive Officer of Everest Medicines, said. “As the first and only fully approved etiological treatment for IgAN, NEFECON(R) has now achieved full approval across Asia. This milestone will benefit a broader patient population by enabling more individuals with IgAN to access this etiological treatment earlier, helping to slow disease progression and improve quality of life. We will continue to expand the accessibility and affordability of NEFECON(R) across Asia, aiming to benefit more IgAN patients and improve their quality of life."The approval is based on the global Phase 3 NefIgArd clinical trial, which showed that compared to placebo, it not only brought about a durable reduction in proteinuria and reduced the frequency of microscopic hematuria but also demonstrated clinically relevant and statistically significant treatment benefits in estimated glomerular filtration rate (eGFR), reducing the decline in kidney function by 50% over a period of 2 years, comprising 9 months of treatment and 15 months of observation, and potentially delaying the progression to dialysis or kidney transplantation by 12.8 years.Additionally, the complete 2-year data of the NefIgArd study further analyzed the potential differences in the response to NEFECON(R) treatment between Asians (n=83) and Caucasians (n=275). The results showed that compared to placebo, treatment with NEFECON(R) for 9 months in both Asians and Caucasians can significantly delay the decline of eGFR, protect kidney function, and bring about a sustained reduction in proteinuria and reduce the risk of microscopic hematuria.NEFECON(R) has been recommended by several authoritative treatment guidelines, including the “KDIGO 2024 Clinical Practice Guideline for the Management of Immunoglobulin A Nephropathy (IgAN) and Immunoglobulin A Vasculitis (IgAV) (Public Review Draft)”, and the "Clinical Practice Guideline for IgA Nephropathy and IgA Vasculitis in Chinese Adults (For Public Review)". NEFECON(R) was included in China’s National Reimbursement Drug List (NRDL) in November 2024, and the supplemental application for the production expansion of NEFECON(R) has been officially approved by NMPA in August 2025.NEFECON(R) is currently the world’s first IgAN treatment to have received full approval from the National Medical Products Administration (NMPA) in China, the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), the Medicines and Healthcare products Regulatory Agency(MHRA)in the United Kingdom , as well as in other Asian territories where Everest Medicines holds the rights, including Hong Kong SAR, Macao SAR, Taiwan region (China), Singapore, and South Korea. Copyright 2025 ACN Newswire via SeaPRwire.com.
Saudi Electricity Company Reports 22% Net Profit Growth in Q2 2025
RIYADH, KSA, Aug 11, 2025 - (ACN Newswire via SeaPRwire.com) - Saudi Electricity Company (SEC) continued to deliver robust financial and operational performance in the second quarter and first half of 2025.Revenue for Q2 grew by 24% to reach SAR 27.7 billion, while gross profit rose by 42% to SAR 7.4 billion. Operating profit increased by 21% to SAR 6.8 billion, and net profit reached SAR 5.3 billion-marking a 22% year-on-year increase.For the first half of 2025, SEC reported a revenue growth of 23%, totalling SAR 47.2 billion. Gross profit rose by 40% to SAR 10.2 billion, operating profit increased by 20% to SAR 9.1 billion, and net profit grew by 19% to SAR 6.3 billion compared to the same period in 2024.This strong financial performance was primarily driven by higher allowed revenue due to the growth of the regulated asset base of the electricity network and increased electricity production revenues in response to rising energy demand. These gains were partially offset by higher operating and maintenance expenses due to network expansion, asset growth, and increased loads, as well as a rise in provisions for accounts receivable and a decrease in other income.SEC noted that the expansion of its regulated asset base reflects the continued growth in its transmission and distribution networks to meet increasing electricity demand, support renewable energy integration, and advance energy storage projects. The company is also maintaining strategic investments in digital transformation and operational excellence initiatives.Commenting on the results, Engineer Khalid bin Salim Al-Ghamdi, Acting CEO of SEC, stated:"Our positive performance in the first half of 2025 reflects the company's continued growth across its business portfolio and asset base. It aligns with our strategy to provide reliable and secure electricity across the Kingdom, improve service quality for our customers, and advance sustainability and operational excellence.We are committed to further strengthening our position and leveraging the significant opportunities emerging from the energy transition in Saudi Arabia, in line with the ambitions of Vision 2030-enabled by the dedication of our talented national workforce and our unwavering commitment to serving the nation."As of the end of H1 2025, the renewable energy capacity connected to the grid exceeded 9.2 GW, and the company successfully commissioned 8.0 GWh of battery energy storage systems across four sites: Bisha, Jazan, Khamis Mushait, and Najran.SEC is currently developing an additional 14 GWh of storage capacity, expected to be operational and grid-connected next year, further strengthening grid reliability and renewable energy integration.Reaffirming its commitment to embedding sustainability throughout its operations and enhancing its ESG practices, SEC achieved a significant leap in its Environmental, Social, and Governance (ESG) rating from S&P Global, earning 65 out of 100 in 2025. This marks a 30% increase over2024 and an 85% improvement over 2023.This accomplishment places SEC at the top of all companies in Saudi Arabia and as the regional leader in the energy sector across the Middle East and North Africa, surpassing the global utilities sector average by 66%, reinforcing its global leadership in sustainability performance.Electricity demand continued to rise in H1 2025, with peak load growing by 3% to 75.1 GW, and total electricity consumption increasing by 10% to reach 160.5 terawatt-hours.SEC successfully met record-breaking peak loads in Makkah, Madinah, and the Holy Sites during the 1446H Hajj season without a single service interruption-thanks to the company's full mobilization of resources to serve pilgrims and ensure their comfort.The company also made strong progress in service expansion and infrastructure development. SEC connected around 110,000 new customers, bringing the total customer base to 11.4 million.The length of the distribution network grew by 6% to exceed 827,000 circuit kilometers, while transmission and fiber optic networks grew by 6% and 9%, respectively, reaching 103.8 thousand and 101 thousand circuit kilometers.As part of its efforts to enhance service reliability and customer experience, SEC continued digital infrastructure upgrades and automated distribution substations, connecting them to control centers via fiber optic networks.The automation rate of distribution substations reached 38.4%, and customer satisfaction rose to 85.8%, underscoring improvements in service quality and communication effectiveness.Contact InformationSaudi Electricity Company (SEC) Saudi Electricity Company (SEC)Media Relations Departmentalkahrabacare@se.com.saUnified Call Center: 920000222SOURCE: Saudi Electricity Company (SEC) Copyright 2025 ACN Newswire via SeaPRwire.com.
Illinois Governor Pritzker, a Billionaire Democrat, Responds to NY Dem’s Anti-Billionaire Stance
Illinois Governor J.B. Pritzker, a billionaire, has responded to fellow Democrat Zohran Mamdani's statement that billionaires should not exist. Pritzker stated in a Sunday interview on NBC’s Meet the Press that a person’s wealth does not define their values. He explained his Democratic affiliation stems from his commitment to defending democracy against MAGA Republicans who are attempting to curtail rights nationwide. Forbes estimates Pritzker's net worth at $3.7 billion, largely due to his family's ownership stake in the Hyatt Hotel chain. The governor's comments were a direct response to Mamdani, a self-described Democratic-Socialist who recently won the New York City Democratic primary, and his assertion that billionaires shouldn't exist. Mamdani, speaking on Meet the Press in late June, stated that such vast wealth is inappropriate given current levels of inequality. He added that what is needed is greater equality across the city, state, and country. He added that he is looking forward to collaborating with all people, including billionaires, to build a more equitable city. Pritzker and Mamdani are both considered rising stars within the Democratic Party, though they represent different ideological wings. Mamdani's primary victory in New York City was viewed as a significant moment for the progressive wing and a sign of grassroots enthusiasm. Pritzker is often mentioned as a potential presidential candidate in 2028, particularly if the Democrats seek to appeal to more moderate voters. Mamdani's concerns about wealth inequality are widely shared. Income inequality in the U.S. has been increasing for decades. The wealthiest 1% of Americans control over two-thirds of the nation's wealth, while the bottom 50% possess less than 4%. Wealth inequality and affordability were key voting issues in the 2024 presidential election, with many voters expressing concerns about rising living costs and inflation. Pritzker, 60, maintains that his political beliefs are rooted in his support for Americans' rights to healthcare and free public education. Pritzker announced his campaign for re-election as governor this past June. ```










