18 1 月, 2023

Atlas Lithium Signs Memorandum of Understanding with Mitsui & Co

Belo Horizonte, Brazil, Jan 18, 2023 - (ACN Newswire via SEAPRWire.com) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or the "Company"), a mineral exploration company focused on lithium and other battery metals critical to powering the green energy revolution, is pleased to announce that it has signed a Memorandum of Understanding (the "MOU") with Mitsui & Co., Ltd. ("Mitsui) with respect to Mitsui's potential interest in acquiring the right to purchase Atlas Lithium's future lithium concentrate production. Mitsui is a global enterprise headquartered in Tokyo, Japan, with $122.3 billion in assets, $96.4 billion in annual revenues, and 44,336 employees in 63 countries, as of its last reported results.In general terms, the MOU contemplates potential funding from Mitsui to Atlas Lithium of up to $65 million (the "Offtake Funding"), in tranches and subject to the achievement of specific milestones acceptable to Mitsui, that would give Mitsui the right to buy up to 100% of Atlas Lithium's production from its planned plant with output capacity of 150,000 tons of lithium concentrate per year (the "Plant"). The Offtake Funding would be primarily used by Atlas Lithium for the construction of the Plant. Lithium concentrate produced by the Plant would then be available for purchase by Mitsui at a price generally based on the then-prevailing market price.Marc Fogassa, Chairman and Chief Executive Officer of Atlas Lithium, commented, "Our lithium assets are world-class and therefore we are enthusiastic about the prospects of a long-lasting and mutually rewarding partnership with such a well-known and global-reaching company as Mitsui."The MOU is non-exclusive for both companies. As part of the MOU, Atlas Lithium and Mitsui will also seek to collaborate in other strategic areas.About Atlas Lithium CorporationAtlas Lithium Corporation (NASDAQ: ATLX) is focused on advancing and developing its 100%-owned hard-rock lithium project which consists of 52 mineral rights spread over 56,078 acres (227 km2) and is located primarily in the municipality of Aracuai in the Lithium Valley of the state of Minas Gerais in Brazil. Atlas Lithium also has a separate second lithium project located in Brazil's Northeast region. In total, Atlas Lithium has 100% ownership of mineral rights for almost all battery metals including lithium (293 km2), nickel (222 km2), rare earths (122 km2), titanium (89 km2), and graphite (56 km2), in addition to mining concessions for gold, diamonds, and sand. The Company also owns approximately 45% of Apollo Resources Corp. (private company; iron) and approximately 28% of Jupiter Gold Corp. (OTCQB: JUPGF; gold and quartzite).Safe Harbor StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward looking statements are based upon the current plans, estimates and projections of Atlas Lithium Corporation and its subsidiaries (collectively, "Atlas Lithium" or "Company") and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward- looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; and dependence on key management.Atlas Lithium advises U.S. investors that its properties and projects, and those of its subsidiaries, as of now, are exploratory and do not have measured "reserves" as such term is defined by the Securities and Exchange Commission ("SEC"). Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K/A for the year ended December 31, 2021, filed with the SEC on March 29, 2022, as well as discussions of potential risks, uncertainties, and other important factors in the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.Investor Relations:Greg Falesnik or Brooks HamiltonMZ Group - MZ North America+1 (949) 546-6326ATLX@mzgroup.ushttps://www.atlas-lithium.com/@Atlas_Lithium Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

31 8 月, 2022

Apeiron Bioenergy closes equity investment from Mitsui Chemicals, poised to capture exponential growth in bioenergy market with Pan-Asian presence

SINGAPORE, Aug 31, 2022 - (ACN Newswire via SEAPRWire.com) - Apeiron Bioenergy has successfully closed an equity financing round from Mitsui Chemicals. The funds will support Apeiron to increase its collection capacity for waste-based feedstocks across Asian markets and position the company for exponential growth amidst growing demand for renewable feedstock for advanced biofuels such as sustainable aviation fuel (SAF). From left: Chris Chen, Managing Director, Apeiron Bioenergy; Tadashi Yoshino, Representative Director, Mitsui ChemicalsAccording to the International Energy Agency , global demand for renewable diesel is set to more than double, or by 11 billion litres, over the next five years. The demand mainly stems from government regulations in the US and the EU as established in the decarbonisation targets by COP26. However, the planned capacity is set to outpace domestic feedstock supply significantly, and production must keep up with the climate emergency - where will the additional feedstock come from?A leading integrated player and solutions provider in the bioenergy space, Apeiron Bioenergy, collects and processes a range of renewable feedstocks including used cooking oil (UCO) and palm oil mill effluent (POME) acts as a critical exporter across an ever-expanding Asian market. Over the past 15 years, Apeiron Bioenergy has built its presence in over 10 countries and collected more than 500 million litres of UCO between 2017-2021, offsetting an estimated 1.5 million tonnes of carbon emissions. "Zero Carbon emissions is one of our strategic targets by 2050. As one of Japan's leading chemical companies, our investment in Apeiron is our way of contributing to solving the world's future environmental issues," said Tadashi Yoshino, Representative Director, Managing Executive Officer, Mitsui Chemicals. "Apeiron Bioenergy has a proven track record of aggregating renewable feedstock and streamlining the supply chain across Asia. We are delighted to invest in the company as it aligns with our sustainability goals."Apeiron Bioenergy's access to diversified sources and networks of feedstock and relationships with downstream customers means it is in an excellent position to access and supply downstream by-products for Mitsui Chemicals to help achieve its net zero targets.With Mitsui Chemicals serving as a strategic investor, Apeiron Bioenergy will be well-positioned to meet the substantial rise in demand for biofuels by ramping up its capacity of collection points and processing facilities through both organic and inorganic growth. The company is actively seeking to acquire or collaborate with local collectors of sustainable feedstocks in the Asian markets."Tackling supply chain issues in Bioenergy across Asia requires a community-focused, collaborative approach - our seasoned management team has proven that we can resolve supply chain inefficiencies with our multicultural and multi-jurisdictional strategy," said Chris Chen, Managing Director of Apeiron Bioenergy. "We will be ramping up our collection capability, collaborating closely with our downstream partners to resolve the wider sustainability problem of reducing carbon emissions across the land, sea and air transportation spaces."For all media queries, please contact:Chi-an ChangFinancial PRT: +65-6438-2990E: chi-an@financialpr.com.sg Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

21 2 月, 2022

Mitsubishi Heavy Industries Marine Machinery & Equipment Concludes Licensing Agreement with Mitsui E&S Machinery on Production and Sale of MET Turbochargers

TOKYO, Feb 21, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME), a Mitsubishi Heavy Industries (MHI) Group company based in Nagasaki, has concluded a licensing agreement giving Mitsui E&S Machinery Co., Ltd. , a Mitsui E&S Holdings Co., Ltd. Group company rights to manufacture and sell its MET turbochargers. The MET lineup are exhaust gas type turbochargers engineered for use with diesel engines.Presentation of commemorative gifts (Mr. Hori, President of MHI-MME, Mr. Tanaka, President of Mitsui E&S Machinery)MET turbocharger installed in an engine manufactured by Mitsui E&S MachineryThe newly concluded licensing agreement allows Mitsui E&S Machinery to manufacture in-house all models in the MET-MB and MET-MBII series of turbochargers used in two-stroke engines. Production will get underway with three models: MET-66MBII, MET-42MBII and MET-42MB. Plans call for the first unit to be completed early in 2023, with production to be expanded to other models when deemed appropriate.Mitsui E&S Machinery has been manufacturing a single brand of large marine diesel engines ever since concluding a technical tie-up with B&W of Denmark (now MAN Energy Solutions SE) in 1926. In 2021 the company reached cumulative production of 110 million horsepower, with more than 7,000 units manufactured to date. These statistics make Mitsui E&S Machinery Japan's foremost engine manufacturer and a world leader in the industry.MHI-MME began marketing water-cooled turbochargers in the 1950s, and in 1965 the company developed the world's first non-water-cooled turbocharger, precursor of the MET series. Since then, the lineup has been expanded to include numerous high-efficiency large-capacity models. Today, MHI-MME has a track record in MET turbochargers of more than 39,000 units in total, and the company accounts for a near 40% share of the global market for turbochargers for two-stroke marine engines*.After concluding the new licensing agreement, going forward MHI-MME aims to strengthen its ties with Mitsui E&S Machinery in a quest to further develop business in marine engines and turbochargers for the needs of tomorrow taking into account of global warming issues.*According to an in-house surveyAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

10 11 月, 2021

Mitsubishi Shipbuilding and Mitsui O.S.K. Lines Complete Concept Study for LCO2 Carrier

TOKYO, Nov 10, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has recently completed a concept study with Mitsui O.S.K. Lines, Ltd. regarding liquefied CO2 (LCO2) carriers. This project will combine Mitsubishi Shipbuilding's advanced gas handling technologies accumulated through the construction of liquified gas carriers (LPG and LNG carriers), with Mitsui O.S.K. Lines' wealth of knowledge on operations for a wide range of vessels, to facilitate the development of technologies for marine transport of CO2, a field where demand is projected to increase globally.Image of an LCO2 carrierCarbon dioxide capture, utilization, and storage (CCUS) is attracting attention worldwide as an effective means to achieve a carbon neutral world. LCO2 carriers will play a pivotal role in the value chain by transporting LCO2 to storage sites and facilities for utilization, and demand for these vessels is expected to increase in the future.Mitsubishi Shipbuilding is actively pursuing commercialization of LCO2 carriers as part of MHI Group's strategic initiative for the energy transition, bringing together technologies and knowledge gained from construction of liquified gas carriers in an effort, as a marine system integrator, to support decarbonization at sea. This cooperative project is expected to make a significant contribution to the establishment of a CO2 ecosystem in the CO2 transport sector, which will be an essential component of the CCUS value chain.Mitsui O.S.K. Lines entered the LCO2 marine transport business in March 2021 by making an investment in Larvik Shipping AS, a Norwegian firm with more than 30 years of experience managing LCO2 vessels for industries in Europe. This cooperative project combines the knowledge for safe ship operations accumulated by Mitsui O.S.K. Lines and the know-how and experience possessed by Larvik Shipping to explore the potential for realizing LCO2 carriers that meet customer needs.Going forward, Mitsubishi Shipbuilding, through this cooperation with Mitsui O.S.K. Lines, will continue its efforts to develop a wide range of technologies for LCO2 carriers essential to establish a CCUS value chain, and contribute to the realization of a carbon neutral world.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

24 9 月, 2021

Mitsui Chemicals Teams up With NEC and dotData to Trial AI-based Price Change Forecasting for Market-Sensitive Products

TOKYO, Sep 24, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsui Chemicals, Inc. (TSE: 4183) has teamed up with NEC Corporation (TSE: 6701) to trial an AI-based system for forecasting changes in the prices of specific Mitsui Chemicals products that are sensitive to market conditions. Based on the results of this trial, Mitsui Chemicals intends to work toward the full introduction of an AI-driven demand forecasting system to avoid losses caused by price fluctuations and increase profits through appropriate procurement, production and sales.The trial was carried out using the dotData AI software platform developed by dotData, Inc., which automates all data science processes.BackgroundMitsui Chemicals has conventionally forecast trends in product demand from past price and profit trends, as well as from exchange rates and other data collated weekly, based on the knowledge and experience of the company's business staff. However, as globalization has progressed in recent years, making forecasts that anticipate sudden changes in market needs has become difficult, necessitating optimal control of not only output but also raw material procurement costs and quantities.TrialMitsui Chemicals selected for trial a number of company products that are prone to influence by difficult-to-forecast market conditions. The dotData platform supplied by NEC was used to analyze a diverse array of data, including daily and weekly inventory data for the products over the last few years, as well as plant operating rates and sales figures. dotData then automatically extracted the most valid of the innumerable potential features to build a high-precision price forecasting model.ResultsWhile there are still some areas requiring ongoing improvement, the trial revealed how dotData can be used for high-precision forecasting of the following month's price for a given product, enabling Mitsui Chemicals to price products more appropriately based on market trends, formulate better sales plans, and execute procurement and production in accordance with those plans. Mitsui Chemicals anticipates that the platform's adoption will lead to reductions in inventory worth several hundred million yen.The trial also provided fresh business insights that were not readily apparent to human analysts, such as identification of a correlation between any changes in X and the price of Y.Quotes from Each CompanyMasao Sambe, executive officer, Digital Transformation Division, Mitsui Chemicals*"Amid increasingly intense global competition, Mitsui Chemicals intends to become more competitive via the digital transformation of demand forecasting, tapping into advanced automated machine learning technology. This move will speed up our efforts to achieve corporate transformation focused on a customer-driven business model and solving social issues by reducing procurement costs, cutting lead times and reducing CO2 emissions through the optimization of distribution."MORI Hideto, Executive Director, NEC"Through our partnership with dotData, NEC has supported numerous clients to date in achieving digital transformations. The combination of dotData's market-leading technology and NEC's consulting capabilities will not only support Mitsui Chemicals' efforts to achieve innovative change but also contribute to resolving social issues through this initiative."FUJIMAKI Ryohei, Ph.D., CEO, dotData."We at dotData are excited to provide our high-precision AI-based forecasting and business insights to assist Mitsui Chemicals in its digital transformation and its efforts to solve the challenges faced by society. We look forward to achieving further progress with Mitsui Chemicals and NEC as partners in this collaboration.""Mitsui Chemicals established the Digital Transformation Division in April 2021. Focused particularly on business operations and supply chains, the Digital Transformation Division is working to speed up digital transformation efforts company-wide.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. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

30 3 月, 2021

NEC and Sumitomo Mitsui Construction develop DokoMinaPhone, a multi-lingual speech translation app with simultaneous message broadcast function

TOKYO, Mar 30, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) has developed a multilingual speech translation system with a simultaneous message broadcast function in cooperation with SUMITOMO MITSUI CONSTRUCTION CO, LTD. (Sumitomo Mitsui Construction) to support communications in environments where different languages are used, such as construction sites. This system has been adopted by Sumitomo Mitsui Construction's "DoKoMinaPhone" smartphone application, making it is possible to broadcast translations to all users or designated working groups at once. In the construction industry, as globalization continues, it has become a challenge to facilitate communication with the increasing number of international workers in Japan, as well as local employees at overseas locations. In order to solve this issue, this system has first been developed to provide voice translation and simultaneous broadcasting between Japanese and English.System features1. Provides a more natural translation similar to human speechThe system is equipped with a neural translation engine from the National Institute of Information and Communications Technology (NICT), which is engaged in research and development, to provide more natural translation from Japanese to other languages or from other languages to Japanese.2. Flexible group settings according to need or purposeBy launching a dedicated smartphone app, then scanning and authenticating a QR code, users can easily join a preset group and start communicating using automatic translation of voice calls.3. Displays time series translation in chat formatSpoken content can be recorded and replayed, and "original," "translated," and "reverse-translated" text can be displayed on a screen in group chat format.As seen in the above image, the remarks of a Japanese speaker are first displayed in the upper left of a screen. The remarks appear in the order of "original," "translated" and "reverse-translated" sentences, then the response of an English speaker is displayed on the right side. Users can check whether the translation is correct or not by displaying "reverse-translated" text. Going forward, NEC will leverage this experience with Sumitomo Mitsui Construction to encourage adoption of the system and "DoKoMinaPhone" application throughout the construction industry as part of contributing to smooth communications within international workforces. Moreover, in order to continually improve services, NEC will gather feedback from on-site workers who have actually used this system. This is in addition to increasing the number of languages that are supported, adding hands-free operation functions in consideration of worker safety, and accurately responding to technical terms and phrases specific to the construction field. Through these efforts, NEC will improve functions so that the system can become a communication tool for use at construction sites around the world, and expand it into a variety of industries, including the transportation, distribution, and food and beverage industries, with the aim of creating new innovations that will solve communication issues related to language.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. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)