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Reorganizing Hitachi High-Tech Solutions to Strengthen Capabilities for Solving Social Infrastructure Issues

TOKYO, Feb 16, 2023 - (JCN Newswire via SEAPRWire.com) - Hitachi High-Tech Corporation today announced the reorganization of Hitachi High-Tech Solutions Corporation on April 1, 2023, as part of the company's priority initiatives to realize 2024 Mid-Term Management Plan.Hitachi High-Tech Solutions aims to become a technology and solutions company that solves social infrastructure issues in broad sense including industrial sectors, with the power of sensing and control by focusing on the OT(1) business that provides solutions through measurement, control, and digital technologies, and the IS(2) business which focuses on railway inspection equipment.Through corporate divestiture(3), Hitachi High-Tech Solutions transfers its businesses that provide hard disk-/FPD(4)-related devices and laboratory solutions in the IS business unit, and the ICT(5) business that provide digital solutions using network/cloud services, ECM(6) and IoT(7), to Hitachi High-Tech, and the Hitachi High-Tech Group will continue to strengthen businesses aimed at solving social issues with our core Observation, Measurement, and Analysis.Creating Value in Social Infrastructure FieldsThe Hitachi High-Tech Group declared our intension to create societal issue-driven value through our "Sustainability 2030" declaration and formulated the 2024 Mid-Term Plan in FY2022 by using backcasting from our Stated Aims for 2030.As one of the major group companies, Hitachi High-Tech Solutions will focus efforts on fields where measurement, control, and digital technologies can be utilized to their fullest potential in OT business and aim to provide new solutions. Furthermore, in the IS business, the company will go on to increase the business value of our social infrastructure solutions by aiming to expand business areas from not only inspection equipment for railway tracks, overhead lines, and peripheral equipment, but also services including data utilization.Part of Hitachi High-Tech Solutions' businesses will be transferred to Hitachi High-Tech, with an eye to expanding the business and strengthening the management foundation by combining the technologies cultivated in fields such as hard disk inspection equipment and utilizing the digital human resources and capabilities cultivated in the digital solutions business.In order to create new value by strengthening existing businesses and business-creation capabilities, we will continue to strengthen our ability to flexibly respond to changes and be willing to change on our own. We will contribute to the realization of a sustainable society by solving social issues utilizing our strengths in Observation, Measurement, and Analysis.(1) OT: Operational Technology(2) IS: Inspection System(3) Corporate divestiture: In this corporate divestiture, the decision has been made without an approval resolution at the shareholders' meeting as allowed for in Japanese Corporate Law.(4) FPD: Flat Panel Display(5) ICT: Information and Communication Technology(6) ECM: Engineering Chain Management(7) IoT: Internet of ThingsAbout Hitachi High-Tech SolutionsHitachi High-Tech Solutions was established in 2014 through a consolidation of Hitachi High-Tech Trading Corporation and Hitachi High-Tech Solutions. We endeavor to solve customer issues and support their social and industrial activities by providing products and services based on core technologies, such as control, sensing, digital, and security technologies, as well as the ability to build infrastructure.In addition to instruments and control systems, industrial instruments, analysis systems, and various digital solutions, the company also manufactures and sells ICT-related equipment and systems, railway inspection business, hard disk inspection equipment, and more.For further information, visit www.hitachi-hightech.com/global/en/company/group/hsl/.About Hitachi High-TechHitachi High-Tech, headquartered in Tokyo, Japan, is engaged in activities in a broad range of fields, including manufacture and sales of clinical analyzers, biotechnology products, and analytical instruments, semiconductor manufacturing equipment and analysis equipment. and providing high value-added solutions in fields of social & industrial infrastructures and mobility, etc. The company's consolidated revenues for FY 2021 were approx. JPY 576.8 billion [USD 5.1 billion]. For further information, visit www.hitachi-hightech.com/global/en/.ContactChino, NishikawaCorporate Communications Dept., CSR Div.,Hitachi High-Tech CorporationTel : +81-80-9207-5949 Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

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HS88 Announces They Are Expanding Web3 Business

Seoul, Korea, February 09, 2023 - (SEAPRWire) - HS88, led by Chairman Kim Ho Sung, is proud to announce that it will strive to build IPFS infrastructure and network to expand its Web3 business.Web3 is a next generation internet technology that can address the structural limitations of centralized data storage. The core of Web3 is building a storage network, and HS88 has already established a distributed storage network through business agreements with KT and ChainUP last year. Through this MOU, a large scale of IPFS infrastructure and distributed storage were established at KT IDC center, and based on this, optimized mining server and equipment are secured to carry out FIL and Aleo mining projects.Currently, HS88 has invested 10 billion won in two months to mine Filecoin and further expand its investment to increase scalability. For higher transparency, it is clearly disclosing the process of the FIL mining node. In addition, HS88 is also participating in Aleo testnet 3. In order to preempt 25 million Aleo, which will be paid as an incentive to mining companies participating in testnet 3, additional 20 billion won worth of mining equipment was put in and also finished investment for Aleo mining since the mainnet in July.HS88, which operates blockchain all-in-one service (development, consulting, education) and South Korea's largest data-based virtual asset community 'coala', is a first-generation blockchain consulting company. Further, HS88 announced that they will implement the largest web3 infrastructure in the first half. HS88 is planning to hold a Fileup meet-up event in Daejeon in March. Starting with this event, they are planning to hold active and continuous online and offline events to create a communication window to discuss the future of Web3. Media ContactBrand: HS88Contact: Media teamWebsite: https://hs88.krSOURCE: HS88 The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.comSectors: Top Story, Daily NewsSEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

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Toyota Tsusho, IIJ, NEC, and NTT Com Sign Contract with Uzbektelecom for Telecommunications Infrastructure Development Project

TOKYO, Jan 27, 2023 - (JCN Newswire via SEAPRWire.com) - Toyota Tsusho Corporation ("Toyota Tsusho"), Internet Initiative Japan Inc. ("IIJ"), NEC Corporation ("NEC"), and NTT Communications Corporation ("NTT Com") announced today the conclusion of a contract with JSC Uzbektelecom ("Uzbektelecom"), a state-owned telecommunications operator in Uzbekistan, for a telecommunications infrastructure development project ("the Project") to provide data center and telecommunications infrastructure for an advanced data communication system ("the System").Installation of the System is scheduled to begin in 2023 and the sequential launch of operations is expected to significantly improve the communications environment of Uzbekistan.1. BackgroundIn response to the rapidly growing data communication demand driven by the digitalization of various industries, Uzbekistan is expanding its telecommunications infrastructure aimed at issues such as improving communications quality and closing the digital divide between urban and rural areas. In accordance with this background, the government of Uzbekistan has made the decision to accelerate digital transformation (DX) and introduce the latest information technologies for its digitalization strategy, Digital Uzbekistan 2030.2. OverviewFor the Project, launched under Digital Uzbekistan 2030, the four companies will provide telecommunications equipment and services required for Uzbektelecom's data centers in three major cities (Tashkent, Bukhara, and Kokand), expansion of the telecommunications transport and data networks, as well as the international data communication network. This is expected to significantly increase the speed, capacity, and quality of the telecommunications infrastructure and to contribute to propelling DX in Uzbekistan, thereby facilitating the country's transition to a digital economy in the future.The Project is funded by the Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), and the MUFG Bank, Ltd.3. OutlookThrough the Project, the four companies will contribute to the realization of a more convenient and comfortable society, as well as the sustainable development of industries in Uzbekistan and other countries in Central Asia.Roles of Participating Companies:Toyota TsushoAs the prime contractor for the Project, Toyota Tsusho will serve as the overall coordinator and ensure the smooth progress of the Project.IIJIn the data storage and data processing center (data center) construction projects, IIJ will contribute to the development of sustainable digital infrastructure in Uzbekistan by providing its energy efficient, high-quality, and highly efficient containerized IT modules "co-IZmo/I", building the cloud platform, and providing training for Uzbektelecom's data center operational staff.NECIn the Uzbektelecom telecommunications transport network and data network expansion project, NEC will contribute to the operation of the national telecommunications infrastructure by providing optical wavelength multiplexing communications equipment and training for Uzbektelecom's operational staff, leveraging its many years of experience in supporting Uzbekistan's telecommunications infrastructure.NTT ComIn the international data communication network expansion project, NTT Com will contribute to the realization of DX in Uzbekistan through the expansion of the country's international data communication network by providing equipment for the large-scale communication network and education for Uzbektelecom's operational staff.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.For more information, visit www.nec.com/en/press/202301/global_20230127_01.html. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

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Shonan iPark Outlines New Operational Structure to Provide Scale and Sustainable Long-Term Growth for the Ecosystem

TOKYO, Dec 21, 2022 - (JCN Newswire via SEAPRWire.com) - Renewing its commitment to innovation in Japan and to Shonan Health Innovation Park ("Shonan iPark"), Takeda Pharmaceutical Company Limited ("Takeda") today announced the creation of a new company, effective April 1, 2023, together with Industrial & Infrastructure Fund Investment ("IIF") and Mitsubishi Corporation ("Mitsubishi Corp."), to manage Shonan iPark. In addition, IIF and Mitsubishi Corp. have agreed to acquire a portion of the shares of the new company and together with Takeda, will oversee operations for Shonan iPark. The companies will collaborate to execute on a shared vision to further develop Shonan iPark and the surrounding area's ecosystem in a multifaceted manner. Shonan iPark opened in April 2018 when Takeda transformed its research site into Japan's first pharma-led science park opening its doors to the world. In 2020, the assets (land and facilities) of Shonan iPark were placed in trust and the trust beneficiary rights were acquired by IIF in 2020 and 2021, but Takeda has continued to operate Shonan iPark on an outsourced basis. Since its opening, Shonan iPark has been operating its facilities and conducting open innovation promotion projects with a mission of "Building a life science ecosystem that is open to the world," and a vision of "Social implementation of innovative ideas." The number of tenants has grown from 20 at the time of opening, to more than 150 companies, universities and other organizations from a variety of fields, including pharmaceuticals, AI, and venture capital. To support its aim of further developing this life science ecosystem, Shonan iPark has decided to shift to the aforementioned new management structure. "Since its opening in April 2018, Shonan iPark has developed steadily with many players, including Takeda, the largest tenant, from academia, startups, companies, local hospital and governments," said Toshio Fujimoto, General Manager of Shonan iPark. "We have sought to create a neutral, magnetic hub, where these diverse range of players can gather, collaborate freely, and take on the challenge of creating innovation. I am confident that this shift to collaborative management of Shonan iPark between Takeda, IIF, and Mitsubishi Corp. will allow us to further develop all of our businesses, including facility management, community building, venture support, and collaboration with the local community. We will continue to build a life science ecosystem that is even more open to the world, while maintaining the foundation and momentum of Shonan iPark that we have built up to date."About Shonan Health Innovation Park (Shonan iPark)Shonan iPark is a science park founded in April 2018 by a pharmaceutical company. It convenes private and public sector organizations and academic institutions that widely range in terms of business type and scale and aims to be a space where health innovation can be accelerated. More than 2,000 employees (as of December 1, 2022) from more than 150 pharmaceutical, next-generation medicine, AI, venture capital, and government-related companies and organizations together form an ecosystem to enable such innovation. Visit our website here: www.shonan-health-innovation-park.com/en About Takeda Pharmaceutical Company Limited (Takeda)Takeda is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetics and Hematology, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people's lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries and regions.For more information, visit www.takeda.com. About Industrial & Infrastructure Fund Investment Corporation (IIF)IIF was listed on the Tokyo Stock Exchange (Securities Code 3249) in October 2007 as the only J-REIT specializing in industrial properties.IIF aims to continuously increase unitholder value by investing in logistics facilities, factories, R&D facilities, and infrastructure facilities that are the foundation of all industrial activities and are expected to be used stably over the medium to long term, thereby ensuring stable earnings and steady growth of assets under management.IIF has concluded an asset management agreement with KKR Japan Realty Management (KJRM) and entrusts them with asset management operations in accordance with IIF's Articles of Incorporation and investment policy. About Mitsubishi Corporation (Mitsubishi Corp.)Mitsubishi Corp. works with its roughly 1,700 subsidiaries, affiliates and group companies to develop businesses in approximately 90 countries around the world. Spanning multiple industries and regions, these businesses are overseen by Mitsubishi Corp.'s Industry DX Group and 10 Business Groups: Natural Gas, Industrial Materials, Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry, Consumer Industry, Power Solution, and Urban Development. Through joint digital (DX) and energy (EX) transformations invested in sustainability, decarbonization and digitalization, the company is now focused on leveraging its operations to address myriad challenges that stand to impact our planet's future. Inquiries: Shonan Health Innovation Park CommunicationAttn: Keitaro Shirayama, Haruka HibinoEmail: smb.iParkcommunication@takeda.com Takeda Pharmaceutical Company LimitedAttn: Akiko OgasawaraEmail: akiko.ogasawara@takeda.comPhone: +81-3-3278-2314 Industrial & Infrastructure Fund Investment CorporationAttn: Industrial Division, KJR Management (an Asset Management Company of Industrial & Infrastructure Fund Investment Corporation)Email: iif-3249.ir@kjrm.co.jp Mitsubishi CorporationAttn: Corporate Communications DepartmentPhone: +81-3-3210-2171 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Moonstake Receives ssv.network Grant to Integrate Decentralized ETH Staking

SINGAPORE, Nov 16, 2022 - (ACN Newswire via SEAPRWire.com) - Today, Moonstake is pleased to announce we have secured a staking pool integration grant from the DAO-governed SSV Network to integrate ETH staking on the Moonstake Wallet. Moonstake will be integrating SSV's unique architecture to bolster Ethereum decentralization and ensure Moonstake's validator infrastructure is as robust as possible. This will enable a seamless decentralized ETH staking experience for global users, and Moonstake and SSV will also work together to promote our ecosystems through this collaboration.The ssv.network Grants Program is a community-led initiative to fund development teams building decentralized staking applications and services with the intent of promoting and accelerating development and innovation by developers building on top of the network. Proposals to the grant are evaluated on the technical design of the project, the overall quality of the team and its community, and more. Moonstake is thrilled to join the SSV Network Grants Program as a verified top 10 staking provider worldwide and soon support ETH staking.As of 15 September 2022, Ethereum has officially become a Proof of Stake blockchain and the demand for ETH staking is higher than ever. Currently, ETH holders must have 32 ETH and build their own validator infrastructure in order to stake, which requires a high level of technical expertise and maintain a costly infrastructure. Alternatively, non-tech users could stake their ETH by relying on a custodian staking-provider service or centralized exchange. Moonstake and SSV aim to address this issue by providing users with a non-custodial ETH staking solution via Moonstake Wallet using SSV's innovative technological infrastructure. We are proud to uphold our commitment of providing the best staking experience for users worldwide, as well as to finally take the next big step in our promised support plan for the Ethereum Merge and PoS ETH.Mitsuru Tezuka, Founder at Moonstake, says: "Moonstake is happy to have received this grant from the SSV Network and partner up for ETH staking integration. The demand for ETH staking is higher than ever, yet users can only rely on custodial solutions at the moment which takes away from the decentralized experience of crypto and could potentially lead to many security risks. As a verified top 10 staking provider worldwide, we hope to be able to bring even more value to crypto users worldwide by providing a seamless ETH staking experience using SSV's robust technology. We look forward to growing the Moonstake, SSV, and Ethereum staking ecosystems together, as well as promoting the staking industry as a whole through this great partnership."Moonstake started the staking business in 2020 with the aim to create the largest staking network in Asia. Since then, we have developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2000 cryptocurrencies. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1 Billion, allowing Moonstake to become one of the top 10 staking providers globally. Currently, Moonstake supports 17 leading PoS assets including Cosmos, IRISnet, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs (Ethereum and Polygon), IOST, TRON, Shiden, FIO, Everscale, and Oasis. Proof of Stake ETH will be the 18th staking coin supported by Moonstake once technical integration is completed.SSV is a fully decentralized open Ethereum staking infrastructure. It provides an open architecture for anyone who wants to run an Ethereum validator; from individual users to staking pools and large institutional staking services. The SSV Network aims to address the main concerns faced with Ethereum staking which include: custody and management of private keys, liveliness and redundancy, single point of failure, security and encryption, as well as decentralization and network governance.Follow us on Twitter and Telegram for the latest updates on Moonstake news!About MoonstakeMoonstake is the world's leading staking service provider that develops and operates decentralized wallet services for businesses and individuals.Since its launch in April 2020, Moonstake has partnered with 27 leading platform providers, including Cardano's constituent Emurgo, developer of the Polkadot-connected blockchain Astar Network Stake Technologies, and the TRON Network with over 50 million users. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange.Using blockchain technology, Moonstake aims to progress toward a world where anyone can easily make use of highly secure and reliable digital asset management tools. https://www.moonstake.io/ About Moonstake's staking businessFor the staking industry, which has grown into a 630-billion dollar market as of September 2021, Moonstake provides a decentralized staking service that does not require user deposits, and supports nodes around the world in addition to its own validator nodes. Moonstake currently supports the staking of 17 blockchains. With a total staking assets of 1.8 billion USD and a global user base, the company ranked third out of more than 10,000 providers worldwide in June of the same year.About SSV NetworkSecret Shared Validators (SSV) is the first secure and robust way to split an Ethereum validator key between non-trusting nodes. The nodes do not need to trust each other to carry out their validator duties, and a certain number can be offline without affecting validator performance. The result is a reliable, decentralized, secure infrastructure for Ethereum staking. SSV Network is the decentralized staking infrastructure running the SSV protocol that enables the distributed operation of an Ethereum validator. It is also a reusable and scalable ETH staking infrastructure developers can use to build new staking apps and deploy them quickly and easily. https://ssv.network/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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AIIB Commits US$100 million in CEL Infrastructure Investment Fund II

HONG KONG, Jul 5, 2022 - (ACN Newswire via SEAPRWire.com) - CEL Infrastructure Investment Fund II ("Fund II"), a private equity fund sponsored and managed by China Everbright Limited ("CEL", stock code: 165.HK) has made significant progress in fundraising. On June 29, 2022, Asian Infrastructure Investment Bank ("AIIB") approved to commit of US$100 million including up to US$25 million co-investment sleeve in Fund II. AIIB is a multilateral development bank with 105 members from all over the world. Its vision is to finance "Infrastructure for Tomorrow" with sustainability at its core. AIIB is committed to unlocking new capital and investing in green, technology-enabled and cross-border connectivity infrastructure to promote sustainable economic development and regional connectivity in Asia and around the world. This will be the first time funds managed by CEL have raised capital from a multilateral development bank, marking a new stage of internationalization, professionalization and marketization for CEL. Fund II will focus on climate finance and ESG investing, and will introduce ESG investment, management, assessment and evaluation policy with international standards in order to ensure that future investments will have real-world positive impacts on addressing climate change and improving the environment and society. Overseas Infrastructure Investment Fund team (the "Team") is one of the major teams under CEL pursuing overseas investment. Everbright Overseas Infrastructure Investment Fund L.P. ("Fund I"), established and managed by the Team, deployed more than US$450 million in infrastructure assets in Europe, Southeast Asia and Hong Kong SAR. Fund I, now at its harvest period, has achieved outstanding performance amongst its peers with distribution to paid-in capital over 1.0x. The Team is raising Fund II with a target size of US$600 million, focusing on green and low carbon themes. Fund II will primarily invest in renewable energy, new infrastructure and logistics projects in Southeast Asia and some other Asian countries. Fund II is expected to have its first closing within 2022. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Hexagon and Fujitsu Announce Strategic Partnership to Solve Societal Challenges for ‘Trusted Society’

HUNTSVILLE, Ala. and Tokyo, Jun 22, 2022 - (JCN Newswire via SEAPRWire.com) - Hexagon's Safety, Infrastructure & Geospatial division and Fujitsu Limited will partner to accelerate the development and promotion of use cases to solve societal challenges and contribute to the realization of the 'Trusted Society' -- a sustainable, resilient place where people can live together in peace and prosperity. The partnership was announced today at HxGN LIVE Global 2022, Hexagon's digital technology conference.Hexagon and Fujitsu will work together to provide joint use cases leveraging digital twin technologies and solutions from both companies, including IoT sensors, data processing, AI analysis and advanced data visualization in the cloud and high-performance computing infrastructure. The partners will deploy these technologies to develop joint solutions that deliver richer information and deeper insights to customers in government, the public sector, transportation and utilities to help reduce emissions, increase safety, optimize operations and more."Our goal at Fujitsu is to realize our vision for a 'Trusted Society'," comments Yoshinami Takahashi, EVP and vice head of Global Solution Business Group, Fujitsu. "Partnering with Hexagon will allow us to extend our reach and provide even greater value to cities and regions around the world.""Cities are playing a leading role in solving global challenges, from addressing climate change to eliminating traffic fatalities," says Steven Cost, president, Hexagon's Safety, Infrastructure & Geospatial division. "Our partnership with Fujitsu can help cities put data to work to solve these pressing problems and meet sustainability and safety goals."The new global partnership builds from the companies' work to solve urban sustainability challenges in Europe, including efforts to better manage and understand the impacts of shared mobility services in Germany, including a project with the City of Munich.Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector and mobility applications. Our technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous -- ensuring a scalable, sustainable future.Hexagon's Safety, Infrastructure & Geospatial division improves the resilience and sustainability of the world's critical services and infrastructure. Our solutions turn complex data about people, places and assets into meaningful information and capabilities for better, faster decision-making in public safety, utilities, defense, transportation and government.Hexagon (Nasdaq Stockholm: HEXA B) has approximately 22,000 employees in 50 countries and net sales of approximately 4.3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$32 billion) for the fiscal year ended March 31, 2022 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.Hexagon Emily Arnold Global Communications Manager Tel: +1 256.730.2582 E-mail:Emily.arnold@hexagon.comFujitsu Limited Public and Investor Relations Division Inquiries (bit.ly/3rrQ4mB) Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Mitsubishi Corporation signs Participation Agreement with Sempra Infrastructure, TotalEnergies, Mitsui for Carbon Sequestration Project in Louisiana

TOKYO, May 24, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Corporation is pleased to announce that it has signed a participation agreement with Sempra Infrastructure, TotalEnergies and Mitsui & Co., Ltd. for the development of the proposed Hackberry Carbon Sequestration (HCS) project at the site in Southwest Louisiana. The project aims to capture, transport and sequestrate carbon dioxide (CO2), primary sourced from Cameron LNG, and the participation agreement provides the basis for the parties to potentially enter into a joint venture with Sempra Infrastructure for the HCS project. Last summer, the Hackberry Carbon Sequestration, LLC, which is owned by Sempra Infrastructure, filed an application for a Class VI injection well permit from the U.S. Environmental Protection Agency for permanent storage of up to 2 million tonnes per annum of CO2. As underpinned in both Roadmap to a Carbon Neutral Society and Midterm Corporate Strategy 2024, announced in October 2021 and May 2022 respectively, MC is placing greater emphasis on energy transformations (EX). By lowering the carbon footprint throughout the LNG value chain through CCS and other EX initiatives, MC hopes to spearhead future transformations and help societies to decarbonize by providing a stable supply of clean energies. "We are thrilled to participate in a business opportunity that could potentially lower the carbon intensity of LNG produced from the Cameron LNG Project, through which we will be able to provide additional value to our customers," said Masaru Saito, Senior Vice President and Division COO, North America Div., Mitsubishi Corporation. "CCS promises to play an important role in achieving net-zero emissions on a global scale, so we are excited about making this project happen and looking forward to expanding our CCS business portfolio." The development of the HCS project is subject to risks and uncertainties, including signing definitive agreements, securing all necessary permits, and reaching a final investment decision.Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Princeton Digital Group and The Indonesian Internet Service Provider Association announce a strategic partnership to boost Internet connectivity in Indonesia

JAKARTA, Apr 21, 2022 - (ACN Newswire via SEAPRWire.com) - Princeton Digital Group, Asia's leading data center provider, and The Indonesian Internet Service Provider Association (APJII) announced a collaboration to further elevate Indonesia's internet infrastructure.This strategic partnership will help APJII members in Jakarta, Bandung, Surabaya, and Pekanbaru to have easy access to the Indonesia Internet Exchange (IIX) and strengthen the internet connectivity infrastructure in Indonesia. This collaboration will also include PDG's 22MW Jakarta Cibitung 2 (JC2), a new greenfield development that PDG launched recently.APJII is a long-established association with over 700 internet providers and over 3,000 corporate members. The association provides members with several strategic services, including access to IIX, assistance, seminars and training, and industry-related insights. These services are provided to support its members in providing quality Internet services for Indonesians, in line with the Indonesian government's program to strive towards digital transformation through building the country's digital and internet infrastructure inclusion to expand connectivity across the archipelago.With an internet penetration rate of 73.7% in 2021, an increase from over 64.8% in 2018, and 95% of the population in the country accessing the internet via smartphones, Indonesia is poised to be a hyperscale market for data centers. According to Structure Research, the data center colocation market in Jakarta is expected to grow at a CAGR of 23.7% through 2020 to 2025, indicating massive growth ahead. Chairperson of APJII, Muhammad Arif, said, "As the Internet penetration rate continues to grow, APJII must anticipate the needs of the internet infrastructure, including internet xchange nodes and data center, in terms of capacity, reliability, and efficiency. APJII commits to support Indonesia's vision to become the largest digital economy power in the region and strengthen internet sovereignty." However, the Indonesian market is highly fragmented. Many Internet Service and Content Providers try to get access to IIX. With this partnership, PDG opens more options in terms of location. This will help by facilitating members of APJII to reach more digital content by leveraging PDG's expanded footprint in the market. The move will enable the content providers to collocate with PDG to garner easy access to IIX. At the same time, APJII is able to expand its community and provide broader Internet services for Indonesians. "To build a stronger digital infrastructure in Indonesia and contribute to the nation's upliftment at large is at the core of PDG. Being at the center of explosive economic growth and rapid digitalization by the government sector in Indonesia, PDG is well-poised to serve global cloud companies, domestic internet companies, and enterprises with unmatched scalability, connectivity, and reliability," said Stephanus Tumbelaka, Managing Director of Indonesia, Princeton Digital Group. About PDGPrinceton Digital Group (PDG) is a leading developer and operator of Internet infrastructure. Headquartered in Singapore with presence and operations in China, Singapore, India, Indonesia, and Japan, its portfolio of data centers powers the expansion of hyperscalers and enterprises in the fastest-growing digital economies across Asia. For more information, visit www.princetondg.com or follow us on LinkedIn.About APJIIThe Association of Indonesian Internet Service Providers, known as APJII, was formed at the First National Conference in Jakarta on May 15, 1996. APJII is a well-known association that supports Internet development in Indonesia. As the association that is the organization of internet service providers, APJII is also the "operator" of the Indonesia Internet Exchange (IIX). APJII is a society-based organization that regulates IIX on a non-profit basis to support an efficient interconnection amongst internet service providers who hold internet service operating licenses in Indonesia. The presence of IIX, which APJII owns and manages, has effectively increased the speed of internet access for the people of Indonesia.Media ContactsPrinceton Digital GroupGrace ChenPR@princetondg.comPRecious Communications for Princeton Digital GroupPDG@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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InvesTech Holdings Announces 2021 Annual Results

HONG KONG, Apr 1, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, the "Group"; stock code: 1087.HK), a leading integrated smart IT solutions provider in China, announces its audited consolidated results for the year ended 31 December 2021 (the "Year"). During the Year, the Group continued to focus on its core business of the IT infrastructure system integration and the sales of smart office software solutions, with the majority of its revenue generating from the market in the People's Republic of China (the "PRC" or "China"). With operations gradually resuming normal in particular in the first half of the Year while capturing the surging demand in the market, the Group grew its sales considerably. During the Year, the Group's total revenue remained steady with a slight increase of approximately 3.3% to approximately RMB484.6 million (2020: approximately RMB469.1 million). Yet, certain deliveries were deferred due to late deliveries of goods by suppliers and urban lockdowns, which in turn led to a delay in the recognition of revenue, in addition, a sizable government contract was concluded during the Year, resulting in a 340.3% increase in total contracted sales backlog to approximately RMB802.9 million as compared to that of 2020. The Group's gross profit increased by approximately 11.3% to approximately RMB57.1 million (2020: approximately RMB51.3 million), broadly in line with revenue growth. Net loss for the year substantially narrowed to RMB21.0 million from the loss of RMB86.7 million in last year, mainly attributable to the absence of the recognition of an impairment of loan receivables and the impairment of goodwill in relation to the network system integration cash-generating unit for the Year.Mr. Ringo Chan, Chairman and Chief Executive Officer of InvesTech Holdings, said, "Thanks to the favourable national policies, investment in IT-related industries began to soar. Meanwhile, the market for smart office solutions has seen explosive growth as companies have rushed to adapt to restrictions imposed to control the COVID-19 (the "pandemic"). During the Year, leveraging robust demand for IT infrastructure system integration and smart office software solution services in the Chinese market, the Group spared no effort to enhance its business development and achieved business growth."Business ReviewIT Infrastructure System Integration BusinessThe Group continued to expedite the development of its traditional IT infrastructure system integration business, which remained a major source of revenue during the Year. Leveraging its solid foundations in the industry and strong customer relationships, the Group's revenue from the IT infrastructure system integration segment increased by approximately 0.4% to approximately RMB448.6 million for the Year. In addition to strengthening its core competitiveness in the provision of a wide range of products and services through the traditional IT infrastructure system integration business, the Group also joined forces with various tech giants, with the aim of acquiring new clients through strategic alliances to deliver cutting-edge IT infrastructure solutions. Smart Office Software Solutions BusinessAs office closures and work-from-home arrangements were adopted across various industries during the Year, demand surged for the Group's smart office software solutions and property technology ("PropTech") solutions, which operate with Internet of Things (IoT) technology. The number of orders for, and sales of, smart office software solutions increased significantly, delivering revenue growth of approximately 60.7% to approximately RMB36.0 million for the Year. During the Year, the Group also allocated more resources on its research and development team and centre located in Xi'an, the PRC. To further capture market opportunities, the Group will expand the scope of its services and continue to upgrade Virsical, its flagship smart office software solutions product.Contract Awarded to the Group - Hong Kong Smart Library System ProjectIn September 2021, a government contract for the provision of a smart library system for the Hong Kong government's Leisure and Cultural Services Department with contract sum of approximately HK$693.1 million was awarded to an unincorporated joint venture, which was formed by the Group in proportion to the contribution of 70%. The project involves the design, supply, delivery, installation, commissioning, implementation, system support and maintenance of core library systems, alongside the provision of other services. The estimated project duration is from September 2021 to March 2026, with a warranty and maintenance period running until March 2036. The project is set to broaden the Group's revenue stream and expand its business in Hong Kong in coming years.OutlookLooking ahead, the Group will maintain the stable development of its IT infrastructure system integration business, with a focus on expediting the development of its smart office software business. The Group will also foster relationships and alliances with additional large enterprises to reach new customers while continuing its investment in the research and development centre in Xi'an, the PRC, to enhance its capabilities. In Hong Kong, the Group will continue to bid for and acquire public and private projects, and look forward to increased cooperation with government departments in the future.In recent years, a number of technology giants have allocated immense resources to metaverse investments. Also, the pandemic has prompted the development of enterprise metaverse solutions, which deliver advantages such as increased access to talent, enhanced productivity and reduced operating costs. Taking the latest market development into consideration, the Group believes that it has entered the inflection point to the development of the up-and-coming global trend towards virtual experience, powering the enterprise metaverse with its IT infrastructure and software solutions. Currently, the Group offers a "hybrid" smart office solution allowing users to work partly in the physical workplace and partly remotely, permitting enterprises to better tap their true potential, ensuring smooth business operations and management, and fostering their overall productivity and competitiveness. Leveraging the strong capabilities of the Group's internal resources, as well as its formidable experience in IT solutions, the Group aims to further modify and enhance its software products through built-in compatibility with the latest technology, and at the same time collaborate with tech industry leaders with the ultimate goal of providing highly realistic, virtual smart-office solutions that can be used in financial institutions, new economy companies and multinational enterprises.Mr. Chan concluded, "Riding on the favourable backdrop of the industry, coupled with our ample experience in the market, we are cautiously optimistic about the prospects of our principal businesses. We have always actively sought opportunities to build a new business ecosystem and to become a leading integrated smart IT solutions provider. Looking ahead, we will actively identify suitable acquisition and investment targets in the markets to broaden revenue base and diversify business, while progressing enterprise metaverse development and achieving breakthroughs in the industry."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

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Hitachi Energy to Accelerate Sustainable Mobility in Germany’s Biggest City

ZURICH, SWITZERLAND, Mar 16, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy has won an order from Berliner Verkehrsbetriebe (BVG), Germany's biggest municipal public transportation company, to supply its Grid-eMotion Fleet smart charging infrastructure to help BVG transition to sustainable mobility in Berlin, the country's capital.Hitachi Energy will provide a complete Grid-eMotion Fleet grid-to-plug charging infrastructure solution for the next two bus depots to be converted in the bus electrification program. Hitachi Energy's solution offers the smallest footprint for both the connection, as well as low noise emissions and high reliability - three key requirements for bus depots in a densely populated urban environment, where space is limited and flawless charging is vital to ensure buses run on time.The solution comprises a connection to the distribution grid, power distribution and DC charging infrastructure with charging points and smart charging systems. Hitachi Energy will perform the engineering and integrate, install and service the entire solution. The solution has a compact and robust design that requires less equipment than competing infrastructure, which results in a small footprint, lower operating and maintenance costs, and higher reliability. Typically, Grid-eMotion Fleet requires 60 percent less space and 40 percent less cabling than alternative charging systems; it also provides superior overall system reliability."We are delighted to help the City of Berlin in its transition to quiet and emission-free transportation and a sustainable energy future for the people of this iconic capital," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "We feel the urgency and have the pioneering technology and commitment to advance sustainable mobility, thus improving the quality of life of millions of people."BVG operates Germany's biggest city bus fleet of around 1,500 vehicles, which it aims to make completely electric and emission-free by 2030. This requires the installation of charging infrastructure in its large network of bus depots.About Grid-eMotionGrid-eMotion comprises two unique, innovative solutions - Fleet and Flash. Grid-eMotion Fleet is a grid-code compliant and space-saving grid-to-plug charging solution that can be installed in new and existing bus depots. The charging solution can be scaled flexibly as the fleet gets bigger and greener. It includes a robust and compact grid connection and charging points, and is also available for commercial vehicle fleets, including last-mile delivery and heavy-duty trucks that require high power charging of several megawatts. Grid-eMotion Flash enables operators to flash-charge buses within seconds at passenger stops and fully recharge within minutes at the route terminus, without interrupting the bus schedule.Both solutions are equipped with configurable smart charging digital platforms that can be embedded with larger fleet and energy management systems. Additional offerings from Hitachi Energy for EV charging systems consist of e-mesh energy management and optimization solutions and Lumada APM, EAM and FSM solutions, to help transportation operators make informed decisions that maximize their uptime and improve efficiency.In the past few months alone, Hitachi Energy has won orders from customers and partners all over the world for its smart charging portfolio - a sign that Grid-eMotion is changing the e-mobility landscape for electric buses and commercial vehicles. Grid-eMotion solutions are already operating or under development in Australia, Canada, China, India, the Middle East, the United States and several countries in Europe.About Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.https://www.hitachienergy.comAbout Hitachi, Ltd.Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

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Pixis (Formerly Pyxis One) Raises $100M in SoftBank Vision Fund 2-led Series C to Grow Its Codeless AI Infrastructure

Bengaluru, India, January 21, 2022 - (SEAPRWire) - Pixis (formerly known as Pyxis One), a leading provider of contextual codeless AI infrastructure for complete marketing optimization, today announced it has secured US $100M in Series C funding. Pixis will leverage the fresh funds to help the company rapidly scale its AI platforms and plugins, as well as accelerate expansions across North America, Europe, and APAC. The Series C round was led by SoftBank Vision Fund 2, with participation from new investor General Atlantic, a leading global growth equity firm. Existing investors Celesta, Premji Invest, and Chiratae Ventures also participated in the round. With the close of its US $17M Series B round just four months prior, Pixis has raised a total of US $124M to date since its inception in 2018. Founded by Shubham A. Mishra (Global CEO), Vrushali Prasade (CTO), and Harikrishna Valiyath (CBO), the Pixis AI infrastructure leverages self-evolving neural networks to empower over 100 customers worldwide with AI-powered decision-making. Having witnessed a 600% growth since its inception, today, Pixis is uniquely poised to disrupt marketing to make it more agile and data-backed, especially in a world that is speedily heading towards a cookieless web. The SoftBank Vision Fund 2 investment in Pixis confirms that in a cookieless world, Artificial Intelligence could be the big differentiating factor for brands. Priya Saiprasad, Partner at SoftBank Investment Advisers said, "Marketing is one of the largest spending categories for companies but many of its decisions are still driven by intuition rather than data. Pixis has developed an end-to-end codeless AI infrastructure, that equips teams with cutting-edge data science to automate and improve core processes, from budget allocation to real-time campaign optimization and reporting. We are excited to partner with Shubham and the team to support their mission to make marketing data-backed, intelligent, agile, and effortlessly scalable in the new cookie-less world." Shubham Mishra continued, "The web going cookieless, in conjunction with decreasing access to the depth of data that was previously available, is a worrisome situation for marketers. In this environment, it is self-evolving neural networks that are proving to be invaluable assets in countering the disruptions to the marketing landscape. We're excited to partner with SoftBank Vision Fund 2 and General Atlantic to make codeless AI infrastructure accessible to every market in the world." Customers using the Pixis AI infrastructure have witnessed a 20% decrease in acquisition costs on average, in addition to at least 300 hours of manual work saved per month. The alluring factor for customers, however, is definitely the prospect of activating AI in 8 seconds without having to write a single line of code. "Pixis is on a rapid growth trajectory and the fresh funds will help us far exceed our timelines for that", said Neel Pandya, the company's APAC CEO. "Especially with the introduction of our unique AI plugin, we've recorded enormous growth and retention with our current customer base. The capital will also help us speed up our tech development and bring to market newer products more quickly." Looking ahead, Pixis aims to add over 200 customizable self-evolving AI models to the infrastructure it offers and has already introduced close to four dozen AI models since its last funding. And now, with the US$100 million Series C funding, Pixis is all set to fast-track tech and AI development. About Pixis (formerly Pyxis One) Pixis is a California-based technology company that provides codeless AI infrastructure to enable customers to scale accurate data-driven marketing. The company's codeless AI infrastructure currently comprises over four-dozen proprietary AI models that are deployed across an ecosystem of products and plugins. Pixis is on a mission to provide marketers with robust plug-and-play AI products without them having to write a single line of code. About General Atlantic General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $86 billion in assets under management inclusive of all products as of September 30, 2021, and more than 215 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore, and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com. Related link https://www.linkedin.com/posts/softbank-investment-advisers_marketing-is-one-of-the-largest-spend-categories-activity-6889927122006106112-_7xh https://techcrunch.com/2022/01/18/softbank-ai-infrastructure-pyxis-one-pixis/ Media contacts Brand: Pixis Contact: Anjali Devaiah, Rishabh Chauhan Email: anjali@pixis.ai , rishabh@one2en.com Website: https://pixis.ai/ SOURCE: Pixis   The article is provided by a third-party content provider. SEAPRWIRE makes no warranties or representations in connection therewith. Any questions, please contact cs@SEAPRWIRE.com Sectors: Top Story, Daily News SEAPRWIRE (www.seaprwire.com) offers newswire service in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )

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Element.Black and Shout Gallery feature artworks of the famous Hollywood movie “E.T. The Extra Terrestrial” poster artist John Alvin, animation artist Andrea Alvin, and German artist Mikail Akar at the ELT NFT Art Exhibition

HONG KONG, Dec 6, 2021 - (ACN Newswire via SEAPRWire.com) - This year, the non-fungible token (NFT) hype centered around the Metaverse has swept the globe and has become the focus of the digital art, financial and technological industries.With an aim to promote arts and culture, the sustainable development of art industry, and the inclusive development of the digital art, the financial and the technological industries, the metaverse infrastructure development company Element.Black (ELT) and SHOUT Art Hub (SHOUT) & Gallery held the ELT NFT art exhibition and launched the blockchain game Pixel Infinity on Saturday 4 December 2021 at Hysan Place in Causeway Bay.NFT is a virtual asset which encrypts specific messages into a blockchain to represent ownership of an item, and is traded through online platforms. Since each NFT is coded with an unique serial number, and data recorded in a blockchain ledger cannot be altered or deleted, all transaction records are made public, which effectively protects the ownership of the underlying artwork.SHOUT Art Hub & Gallery is the first gallery that uses blockchain and AR code technology to secure the authenticity of an art piece. The ELT NFT art exhibition showcased 24 artworks created by artists such as the famous Hollywood movie "E.T." poster artist John Alvin, animation artist Andrea Alvin, and German artist Mikail Akar. Among them, the artwork is coded with a unique NFT.The artworks featured at the ELT NFT art exhibition were created by the world's leading and the most creative artists. John Alvin participated in the production of posters for more than 200 film promos, including a series of posters such as "E.T. The Extra Terrestrial," "The Lion King," "Star Wars," "Aladdin," "Jurassic Park," and was Andrea Alvin's husband. Born in Germany in 2012, Mikail Akar is one of the most inspirational figures in the plastics art scene. Most of his works are sold on European art dealerships with prices averaging 10,000 to 15,000 euros. With the addition of the new element of NFT, their artworks better demonstrate the inclusive development of ELT NFT across regions, ages and sectors, and the investment and collection value of the artworks have further enhanced.Launch of the blockchain game, Pixel InfinityFurthermore, ELT launched a blockchain game, Pixel Infinity. Pixel Infinity is an art creating game. It is an open canvas with the size of 400*400 pixels. Artists are encouraged to fill in the pixel blocks with colors to create amazing artworks. Pixel Infinity uses ELT tokens to reward all users to provide a play-to-earn experience. In addition, the system automatically generates a NFT based on the artworks every 8 hours. Artists and all users will share revenues from the NFT sales.The future prospect of NFTs, the building blocks of the Metaverse is highly anticipated. According to Bloomberg Intelligence, the global Metaverse opportunity could reach US$783.3 billion in 2024 vs about US$478.7 billion in 2020, representing a compound annual growth rate of 13.1%.About Element.Black (ELT)Element.Black is a metaverse infrastructure development company. Through GameFi games and NFT products, Element.Black is dedicated to providing metaverse assets design materials and a metaverse infrastructure prototype marketplace. To learn more about Element.Black, please visit ELT's website at: https://www.element.black/ For more information, please contact:AJA Capital Avy Yu / Janet Louie / Eudice LawTel: (852) 9665 2789 / (852) 9155 5615 / (852) 9326 1113Email: avy.yu@ajacapital.com.hk / janet.louie@ajacapital.com.hk / eudice.law@ajacapital.com.hk Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Solidus Ai Tech Launches Eco-Friendly Cryptocurrency

London, UK / December 1, 2021 / SEAPRWire / – As part of Solidus’ permanent drive to improve efficiencies and minimise power consumption in its High Performance Computing (HPC) Data Centre operating under ISO 14001:2015, Solidus Ai Tech has recently launched its Artificial Intelligence utility token AITECH, an eco-friendly cryptocurrency. Solidus Ai Tech R&D specialists have achieved a ground-breaking 40% reduction in power consumption against industry average for their Ethereum mining hardware. The company will run its AI hardware on the same Intellectual Property (IP), which will make its new HPC Data Centre one of the most eco-friendly in the World. Founder and Head of UK Operations Paul Farhi said: “We are strong supporters of the Crypto Climate Accord, which is focused on decarbonising the cryptocurrency industry. We aim to become leaders in the ongoing campaign to make crypto green. Our token AITECH is non-mineable which is far more energy efficient than mined coins as they don’t require large amounts of power in order to secure the network. Mined coins (PoW) consume a lot of energy and also require specialised mining equipment. The cost of validating transactions on AITECH will be much lower in comparison to mined coins which means our token will be far more eco-friendly.” The new Data Centre infrastructure will be the perfect solution for any organisation requiring Artificial Intelligence services. A key technology being used by the company is evaporating air cooling technology. This technology is energy-efficient and environmentally friendly, consuming 80% less energy than compressor air conditioning. It can lower the air temperature by up to 12 degrees, improve air quality by removing dust, fumes and unpleasant odours, and it does not require the closing of doors or windows. HPC centers already consume large portions of the world’s available energy, with various air-cooling solutions consuming up to 30% – 40% of the total energy deployed. Therefore, there is an urgent need to deploy sustainable solutions. By using a special software algorithm and customised hardware architecture, one AI GPU in the new Data Centre infrastructure will use similar power to a household light bulb, and all of the materials are renewable. The heat generated by the machines will be reused in the company’s production facility to provide warmth during the cold season. Around the building premises, the company will plant 128 trees as part of a volunteering programme in partnership with the Ministry of Education in Romania. The top 10 National Olympics teenage computer scientists will also be invited to join the Solidus Technologies Educational Awards Programme. About Solidus Ai Tech Founded in December 2017, Solidus Technologies started as a cryptocurrency mining firm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs. In the wake of the 2020 financial crash and the significant boost in demand for AI services, the company shifted its core focus to Artificial Intelligence and incorporated Solidus Ai Tech to become the AI arm of the business. Solidus’ Artificial Intelligence infrastructure will enable Government Authorities, Megacorps, SMEs, and Professionals to purchase AI services using the world’s first AI utility token AITECH. AITECH can be bought, staked, or held. For more information contact: admin@ai-tech.io Social Links: Telegram: https://t.me/solidusaichat Instagram: https://tinyurl.com/aitechinstagram Facebook: https://tinyurl.com/Aitechfacebook Twitter: https://tinyurl.com/aitechtwitter LinkedIn: https://tinyurl.com/aitechlinkedin YouTube: https://tinyurl.com/aitechyoutube Reddit: https://tinyurl.com/aitechreddit Media Contact Company: Solidus AI Tech Contact: Paul Farhi, Founder & Head of UK Operations Email: admin@ai-tech.io Website: https://ai-tech.io/ SOURCE: Solidus AI TECH The article is provided by a third-party content provider. SEAPRWire ( www.seaprwire.com ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )

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India Gears Up for its Biggest Datacentre and Cloud Spectacle Ever

BENGALURU, INDIA, Oct 25, 2021 - (ACN Newswire via SEAPRWire.com) - Amidst unprecedented internet penetration that accounts for over 600 million active users in the country, India is more poised than ever to skyrocket its growth in the Datacentre & Cloud market. It's already estimated that the Indian datacentre industry will cross $8 billion by 2026 (Arizton Advisory & Intelligence) along with its cloud computing market to reach a staggering $7.1 billion by 2022 (Nasscom).Taking heed from these massive paradigm shifts and post-receiving phenomenal success in ASEAN, Tradepass has announced its Indian edition of Datacentre & Cloud Conference i.e., Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India (https://india.dccisummit.com), scheduled to take place virtually, on 23 - 24 November. The conference is aimed towards addressing every colossal development that has happened in the sector, where India has already surpassed the primary markets of Europe and the US in power consumption that accounts for 102 MW. Following his participation announcement, when asked about the growing impact of the datacentre & cloud industry, Golok Kumar Simli (Chief of Technology - Ministry of External Affairs, Government of India) stated "Hyper Scale Data Center, Cloud Economic Zone and Data Economic Zone would be the driving factors towards emerging global economic order".Organizer and CEO of Tradepass, Sudhir Jena expressed, "Amidst larger-than-life technological disruptions aimed towards enabling a Digital India, events like 5G rollouts, rapid adoption of cloud technologies like SaaS, IaaS or PaaS by millions of Indian SMEs, the increasing popularity of the OTT apps, the reliance of the masses on all kinds of lifestyle-oriented apps, etc. have turned every eyeball towards the country's Datacentre & Cloud market."He further added that, "Datacentre and Cloud Infrastructure Summit (DCCI) 2021: India, will not only facilitate collaboration between the biggest stakeholders and the leading tech providers from the industry but will also address the existential trends and the most-pressing roadblocks."The conference will also host over 1000 tech professionals from 300+ plus leading organizations including the senior most C-suite executives and the key decision makers to share crucial insights and the latest intelligence from the industry.Some of the speakers from the summit include Golok Kumar Simli, Chief of Technology, Ministry of External Affairs, Government of India; CK Prasad, Head - Telecom & IT, Railways; Laxmikumar Reddy Sammeta, VP - Architect, JPMorgan Chase & Co.; Ananth Subramanian, Executive Vice President and Head IT, Kotak Mahindra Asset Management Co Ltd; Shiva Kumar RV, Deputy Chief of Technology - Infrastructure, National Payments Corporation of India; Rachit Mohan, India Head - Data Centre Advisory, JLL; Deepak Bhosale, General Manager - IT, Asian Paints and many others.The Indian government on the other hand has gone all out in ensuring the industry's exponential growth with its data sovereignty laws that mandate all domestic and international companies to store certain data types within the country's geographical limits. Moreover, the Ministry of Electronics & Information Technology's policy of providing 'Infrastructure status' to the Datacentre sector (just like Railways, Roadways, and Power) has sealed the deal for many keen investors from the country and overseas.Some of the key topics from the summit include 'Data Sovereignty in the age of Cloud computing', 'How Datacentre Automation is powering profits', 'Role of Hyperscale Datacentres in IT operations', 'Cloud Security' and many others. For more information about the summit, log on to https://india.dccisummit.com/About TradepassTradepass provides elite business networking platforms across the MEA, APAC and Europe that connects the world of tech buyers with market intelligence, insightful use-cases, and innovative solutions from global experts, investors, and business partners.Mohammed RaiyanTradepass Globalmohammedr@tradepassglobal.comVisit us on social media:LinkedIn: https://www.linkedin.com/company/13608903/admin/ Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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Blockchain & Infrastructure Post-Event Release

Washington, D.C., Oct 25, 2021 - (ACN Newswire via SEAPRWire.com) - In August of 2021, the US Senate approved a $1 Trillion Infrastructure Bill, as part of the $3.5 Trillion Budget Bill. Language in this bill suggested that $28 Billion in funding would come from enforcing tax-reporting requirements on cryptocurrency brokers. In response, the Government Blockchain Association (GBA) (www.gbaglobal.org) partnered with a coalition of blockchain associations to present Blockchain & Infrastructure (https://bit.ly/3nsa1GP), a two-day hybrid event coupling an educational seminar with a networking reception. Aimed at educating government policymakers, Blockchain & Infrastructure addressed the impact of cryptocurrency adoption on government, along with other financial trends that are outpacing regulatory understanding. Renowned leaders in the blockchain and cryptocurrency space, such as Dr. Scott Stornetta, one of the founders of blockchain technology, and Charles Hoskinson, the Founder of Cardano and one of the original creators of Ethereum, brought their insights to the current landscape.Streamed to over 11,000 individual IP addresses, Blockchain & Infrastructure aimed at educating governments on this movement, and those who wished to learn tuned in.The live event, stepping into the remains of a COVID world, was attended by over 200 guests, braving pandemic uncertainties. Culminating in an evening reception at the Whittemore House, Ambassadors, a crypto billionaire, blockchain leaders, and government policymakers continued their discussions. In this beautiful and historic mansion, deals were made, affecting the trajectory and infrastructure of the blockchain future.As blockchain technology continues to impact all systems, the Government Blockchain Association (GBA), will provide high content events to help the public and private sectors connect, communicate, and collaborate. Join the GBA community in January 2022 for The Future of Money, Governance, & the Law; live in Washington DC (https://bit.ly/3Gh7OXu), and streamed globally. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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United States Infrastructure Bill Brings Cardano Billionaire to Washington

Charles Hoskinson, Founder of Cardano and Co-Founder of Ethereum, Educates Government Legislators, Regulators, & Administrators Washington, D.C., Sept 21, 2021 – (ACN Newswire) – The recent debate over the Infrastructure Bill has made two things clear: The government will be regulating blockchain activities, but they don’t understand it well enough to do an effective job. For that reason, the Government Blockchain Association (GBA) and our partners are organizing Blockchain & Infrastructure (https://www.gbaglobal.org/event/blockchain-infastructure/), a two-day educational seminar to be held from 27-28 September 2021 in Washington DC, for government leaders and their staff. The educational content will be delivered to public sector organizations exploring blockchain and cryptocurrency. Tuesday, 21 September 2021, 18:00 HKT/SGTShare:    Source: GBAUnited States Infrastructure Bill Brings Cardano Billionaire to WashingtonCharles Hoskinson, Founder of Cardano and Co-Founder of Ethereum, Educates Government Legislators, Regulators, & AdministratorsWashington, D.C., Sept 21, 2021 – (ACN Newswire) – The recent debate over the Infrastructure Bill has made two things clear: The government will be regulating blockchain activities, but they don’t understand it well enough to do an effective job. For that reason, the Government Blockchain Association (GBA) and our partners are organizing Blockchain & Infrastructure (https://www.gbaglobal.org/event/blockchain-infastructure/), a two-day educational seminar to be held from 27-28 September 2021 in Washington DC, for government leaders and their staff. The educational content will be delivered to public sector organizations exploring blockchain and cryptocurrency.Mr. Charles Hoskinson of Cardano will be speaking live from Washington, DC, and will also be broadcast to virtual attendees in the Americas, Europe, Asia, Africa, and Australia. This 2-day hybrid experience will be a crash course in blockchain and cryptocurrency training, followed by an evening reception for networking and meeting the speakers, including Charles Hoskinson, Scott Stornetta, and other blockchain pioneers. Live and virtual attendees will also be able to engage with Mr. Hoskinson and other participants through a conference app provided by Qbix.In 2013, Mr. Hoskinson was one of the original founders of Ethereum. A few years later, he spearheaded IOHK (Input Output Hong Kong), whose key project is Cardano. Cardano’s market cap is currently over $69 Billion. IOHK sponsors blockchain technology research labs at the University of Edinburgh and the Tokyo Institute of Technology and is collaborating on a blockchain research project with the University of Wyoming. Mr. Hoskinson will be speaking at Blockchain & Infrastructure and will be networking with conference attendees during the evening reception on September 28.Source: PlatoData Intelligence

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Government Wakes up to Blockchain & Cryptocurrency

Washington, D.C., Sep 13, 2021 - (ACN Newswire via SEAPRWire.com) - In August, the US Senate approved the $1 Trillion Infrastructure Bill, as part of the $3.5 Trillion Budget Bill. Language in this bill suggests that $28 Billion in funding will come from enforcing tax-reporting requirements on cryptocurrency brokers. A cryptocurrency broker is anyone who buys or sells cryptocurrency. Just months earlier, Nasdaq stated that 17% of the US population, or roughly 46 million Americans, now own cryptocurrency. Further, research from The Ascent, a Motley Fool service, predicts that over 20% of Americans who have never before owned cryptocurrency, are expected to buy crypto in the next year. This would add another 50 million Americans to the team of crypto "brokers" tasked with funding the Infrastructure Bill. Are the fiat and crypto sides being pitted against each other? As capital flight shrinks the power of the US dollar, is Congress responding by taxing the 'culprit'? This fall, the Government Blockchain Association (GBA) (www.gbaglobal.org) has partnered with a coalition of blockchain associations to present Blockchain & Infrastructure, a two-day hybrid event coupling an educational seminar with a networking reception. As the debate over blockchain and cryptocurrency torches through Congress, one thing is crystal clear: government regulation of this technology is on the table NOW. Government policy makers need relevant information to craft the legislation being demanded of them. This 2-day seminar is a crash course in that education. On Tuesday evening, September 28, GBA's evening reception will introduce law makers and government leaders to the people and organizations using this technology in positive and productive ways. Creating open dialogue is paramount if we are to establish a healthy legal framework where consumers are protected and innovation and economic development flourishes.For more information, including live and virtual Tickets, go to www.governmentblockchainfoundation.org. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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620 electric vehicle chargers to be installed at public carparks in the next 12 months

SINGAPORE - More than 600 electric vehicle (EV) chargers will be installed at some 200 public carparks in HDB estates, industrial estates and the Central Business District over the next 12 months. The first of these chargers are expected to be installed by the end of this year. By the third quarter of next year, there will be 210 charging points in the central region, 50 in the north, 100 in the north-east, 120 in the east and 140 in the west. The Urban Redevelopment Authority (URA) and the Land Transport Authority (LTA) said on Friday (Sept 3) that a consortium comprising ComfortDelGro Engineering and Engie South East Asia has been awarded a tender to set up EV charging points in selected carparks in the central, east and west regions. Another consortium comprising Primech A&P, Charge+, Sunseap Group and Oyika has been awarded a tender to install the charging infrastructure in carparks in the north and north-east regions. The tenders, which form a pilot tender put out in November last year, are the first steps towards a national target of 40,000 charging points in public carparks by 2030. URA and LTA said they wanted to ensure that the pilot tender for the charging points was awarded to operators with quality charging services, financially sustainable business models and competitive charging prices. "As such, agencies adopted a price-quality method to assess and select proposals that would provide the best value for both consumers and the authorities," said URA and LTA. They said the consortiums led by ComfortDelGro and Primech A&P have offered competitive charging rates and a sustainable business model. URA and LTA added that these two consortiums have also committed to delivering a complete suite of services, including the installation, operation and maintenance of EV charging infrastructure, among other proposals. They said the consortiums will pay the Government fees ranging between $0.108/kWh and $0.154/kWh for the electricity used for the charging points. Transport Minister S. Iswaran said in a speech at the Land Transport Industry Day on Friday that the building up of an EV charging network is a key component of Singapore's strategy to promote electric vehicles. Transport Minister S Iswaran speaking at the Land Transport Industry Day held at the LTA's Bedok Campus on Sept 3, 2021. ST PHOTO: KUA CHEE SIONG He noted that land transport currently accounts for 15 per cent of Singapore's domestic carbon emissions, with more than 90 per cent of this coming from the vehicle population. Mr Iswaran said the Transport Ministry and LTA have been working on the design of the market structure for EV charging in public residential carparks, and for the necessary upgrades to the electrical infrastructure. A request-for-information exercise conducted by LTA earlier this year collected feedback from 27 respondents. Mr Iswaran said these inputs will be considered by the Government in shaping the policy for EV charging infrastructure. More on this topic   Related Story Green vehicles add power to the fight against climate change   Related Story Electric vehicle sales accelerate further in Singapore as carrot-stick measures sink in He also announced on Friday that LTA and public transport operators will seek to generate more solar power from the public transport infrastructure. LTA will launch a tender to deploy more solar photovoltaic systems, likely via a leasing mode, said Mr Iswaran. Such systems use cells to convert sunlight into electricity. "A notable feature of the tender is that it will seek creative technologies and installation methods to optimise yield at less conventional areas, such as covered linkways and pedestrian overhead bridges," said Mr Iswaran. "This will not only help us reduce emissions, but also energy costs." More on this topic   Related Story SMRT rolls out first batch of fully electric cabs under new brand Strides Taxi   Related Story 20 fully electric public buses with faster charging to be deployed on Singapore roads

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Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

KUALA LUMPUR, Jul 29, 2021 - (ACN Newswire via SEAPRWire.com) - Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus' solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus' products as critical components for its business operations. Andy Waroma and Hajime HiroseSigning Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company's commitment to provide dedicated support for the unique needs of a diverse clientele across various countries and industries in this high-potential region. Solving cloud financial management challenges Cliched as it sounds, the 'New Normal' is upon us with increasing clarity that it is in the cloud. According to a study by Boston Consulting Group (BCG) in 2020, the Asia Pacific- including India and Australia- is leading this charge as the adoption of the public cloud in the region outpaces that in the US and Western Europe. From a modest 3 percent of their IT spend on the public cloud in 2016, businesses in APAC are projected to spend over 10% of the IT budget on the public cloud by 2023. Despite the promising growth and outlook for migration to the cloud, the complexity and lack of adequate clarity into the costs of cloud infrastructure deployment present a serious challenge for businesses making or facilitating such a transition. This was highlighted in a survey of over 100 companies in Malaysia carried out last year. In the recent past, Amazon Web Services (AWS) has also highlighted this problem while recommending that companies take appropriate steps for CFM. 'Cloud waste' or sub-optimal utilization of cloud resources is another major pain point, preventing businesses from deriving maximum ROI on their cloud spend. Alphaus precisely addresses these challenges, expanding its footprint in APAC as a pioneer in simplifying billing/spend management and tackling cloud waste for companies. Its suite of user-friendly and feature-rich Software-as-a-Service products - Wave* and Ripple** -- is serving as a catalyst to faster, greater, and better adoption and use of the cloud. Helping Cloud Comrade in its growth journeyCloud Comrade is one of the many companies experiencing the value of Aphaus' solutions. The company had been on the lookout for a more effective solution and a reliable partner who could help navigate the dynamic future of cloud management to jointly deliver even greater value and a better cloud experience for their customers. "As a cloud Managed Services Provider, we enable several large organizations in the region with their digital transformation and migration to the cloud. It is a critical success factor for both our clients and us that we not only have complete clarity on all the costs associated with the cloud infrastructure but are also making optimum utilization of any cloud resources deployed. The SaaS solutions from Alphaus for billing management and cloud cost optimization provide us with the requisite tools, information, and intelligence to achieve these seamlessly. These tools are integral to our operations and in use 24/7. Alphaus' Wave and Ripple go a long way in helping maximize ROI, one of the key value propositions for moving to the cloud," said Andy Waroma, Co-Founder & Co-Managing Director of Cloud Comrade. "We are thrilled to have a leader like Cloud Comrade as a client and help it deliver better customer service with bespoke integrations to its financial services system," said Hajime Hirose, CEO of Alphaus Inc. "The APAC is a digital hub that is at the cusp of unprecedented use of cloud services. Our goal is to enable every business to fully realize the value of migrating their IT infrastructure to the cloud. All change does not have to be painful. This belief explains our relentless focus on simplifying billing/spend management, helping companies realize cost and time savings, optimizing resources and consequently, directly impacting their bottom line. We are committed to continually introduce features that fulfill these objectives for our partners and clients; our strong presence and expansion in the APAC market manifests this commitment."*Wave- Cloud Cost Optimization and ManagementManages multiple AWS cloud accounts in one place, analyzes organizations' cost and optimizes budget easily. Wave helps organizations get a clear picture of the cost of cloud infrastructure, discover wasted resources and excessive costs. **Ripple- Billing Management Solution for MSPs and resellers Recalculates AWS invoices and reallocates Reserved Instances (RIs) only to linked accounts they belong to, helping the former to accurately charge their customers. Ripple helps service providers save significant time and hassle in complex accounting and billing. Service providers can also use Ripple to plan their RI procurement strategy for maximum ROI.About Alphaus Inc. Alphaus, a VC-backed tech start-up on a mission to simplify cloud computing for everyone specializes in Cloud Financial Management (CFM) solutions. The company is focused on enabling its cloud services partners and clients to understand, manage and optimize complicated cloud spend, billings and resource allocation for maximizing ROI on their investments in the cloud. An AWS Advanced Technology Partner, Alphaus provides a suite of Software-as-a-Service solutions for multi-cloud management supporting AWS, Microsoft Azure and Google Cloud. Founded in 2015, Alphaus Inc. is backed by reputed investors like DNX Ventures, NTT DoCoMo Ventures, Mitsubishi UFJ Capital, Archetype Ventures, Accord Ventures and 500 Startups. The company's roster of clients includes NTT Data, Nomura Research Institute (NRI), and ISI-Dentsu. Headquartered in Japan, Alphaus has a rapidly growing Global Delivery Centre in Kuala Lumpur, Malaysia comprising 10 team members to support its rapid expansion in the Asia Pacific and Oceania regions.Media ContactRishanty Navaratnam, People & Administration LeadTel: +60 12 952 2655E-mail: rishanty@alphaus.cloud Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

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