CBL International Limited Reports 2024 Full-Year Results ACN Newswire

CBL International Limited Reports 2024 Full-Year Results

Kuala Lumpur, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) – April 16, CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced its annual financial results for the year ended December 31, 2024.Financial Performance OverviewThe company reported consolidated revenue of $592.52 million for the year ended December 31, 2024, marking a 35.9% increase from $435.90 million in 2023. This growth was primarily driven by a 38.1% increase in sales volume, supported by the addition of new customers during the year, expansion of our supply network to cover more ports, and a broader customer base that now includes bulk carriers and oil and gas tankers in addition to container liner operators.Due to challenging market conditions, the Company reported a net loss of $3.87 million in 2024, compared to a net income of $1.13 million in 2023, mainly attributed to a 25.5% decrease in gross profit to $5.37 million in 2024 from $7.21 million in 2023 and a 56.8% rise in operating expenses to $8.70 million in 2024 from $5.55 million in 2023. The Company adopted a volume-driven growth strategy that involved offering more competitive pricing in a market characterized by intensified competition and pricing pressure. While this approach supported increased sales volume and market share, it also contributed to narrower profit margins.In addition to reduced gross margins, the net loss was impacted by increased expenses for business expansion, biofuel operation, additional expenses to enhance ESG, and a rise in interest expenses. These were partially offset by a reduction in income tax expenses. The financial outcome reflects both the dynamic nature of the bunkering industry and the Company’s ongoing investment in client base development and geographic growth, which are expected to enhance long-term positioning as market conditions normalize.Earnings per share (EPS) reflected this, decrease to $(0.136) in 2024 from $0.045 in 2023. Cash and cash equivalents increased by 8.3% to $8.02 million as of December 31, 2024 from $7.40 million as of December 31, 2023.Business Expansion in Challenging TimesCBL International’s operational expansion was a key focus in 2024, particularly in a challenging industry environment marked by geopolitical tensions, such as the Red Sea crisis and broader Middle East tensions. The company grew its service network from 36 ports at the time of its IPO in March 2023 to over 60 ports by year-end 2024, covering Asia Pacific, Europe, Africa, and Central America. Revenue growth year-on-year was notable across China, Hong Kong, Malaysia, Singapore, and South Korea.Key new ports included Mauritius, Panama, and India, enhancing its global reach. This expansion was supported by servicing nine of the world’s top 12 container shipping lines, representing nearly 60% of global container fleet capacity. The Company’s European expansion focused on strengthening cross-regional service offerings for Euro–Asia trade routes. Growth was supported by a stronger presence in the Amsterdam-Rotterdam-Antwerp (ARA) region and a new Ireland office established in late 2023, enhancing local sourcing capabilities.Customer diversification was another priority, with the share of non-container liners in total revenue increased, and sales concentration among the top five customers declined in fiscal year 2024.A significant highlight was the company’s push towards sustainability, with biofuel sales surging by 628.8% and volume by 603.0%. The introduction of B24 biofuel (76% fossil fuel, 24% used cooking oil methyl ester) in Hong Kong, China, and Malaysia reduced greenhouse gas emissions by 20%, supported by ISCC EU and ISCC Plus certifications secured in 2023. This aligns with global trends towards greener shipping solutions and positions CBL as a leader in sustainable fuel logistics.Strategically, CBL enhanced its IT systems, implementing real-time order tracking, data analytics, and workflow automation to improve efficiency. Credit risk management was strengthened, and working capital management improved with increased factoring facilities and a cash balance rise, navigating macroeconomic challenges through pricing strategies and port network adjustments. Additionally, CBL expanded its funding sources by accessing capital markets, such as private placement, increasing financial flexibility to support growth initiatives.Bullish Outlook and Customer Loyalty StrategyDespite the net loss, CBL’s management remains optimistic about the future, viewing current industry challenges as an opportunity to build resilience and enhance customer loyalty. While prudently evaluating the impact of the latest U.S. tariff policy, among other macro incidents such as geopolitical tensions, regulatory changes, and shifting global trade dynamics, on the economy and the bunkering sector, CBL believes its broad global network, primarily focused on intra-Asia and Euro-Asia trade routes, helps mitigate potential adverse effects. Since the Company has no operation on U.S. ports, the impact of such policies may be limited in the near future.The Company’s strategic expansion of ports, diversification of its client base, and commitment to sustainable initiatives are designed to position it for growth when market conditions improve. By investing in new ports and expanding relationships with key industry players, CBL aims to secure long-term partnerships that will strengthen its market position as global trade stabilizes and profitability improves.Management Commentary and Future OutlookDr. Teck Lim Chia, Chairman and CEO of CBL International Limited, stated, “We are confident in our strategy to expand our service network, maximize sales volume and explore sustainable offerings, even in these challenging times. Our investments in new ports, diversified clients, and sustainable fuels are building a foundation for future growth. We believe that by demonstrating our capabilities at present, we will earn customer loyalty that will yield substantial benefits as the market recovers, positioning CBL International for significant success in the years ahead.”Looking ahead, CBL remains focused on expanding its market presence, particularly in biofuels, and enhancing its global supply network. The company is committed to driving operational efficiency and delivering sustainable growth.Webcast DetailsCBL International Limited (Nasdaq: BANL) cordially invites you to participate in a webcast to discuss its financial results for the year ended December 31, 2024.About the Banle GroupCBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 16 April, 2025. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.For more information about our company, please visit our website at: https://www.banle-intl.com.Forward-Looking StatementsCertain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, fuel prices and tariffs, market, financial, political and legal conditions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.CBL INTERNATIONAL LIMITED (Incorporated in Cayman Islands with limited liabilities)For more information, please contact:CBL International Limited Email: investors@banle-intl.comStrategic Financial Relations Limited Shelly Cheng Tel: (852) 2864 4857 Iris Au Yeung Tel: (852) 2114 4913Email: sprg_cbl@sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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GA-ASI Announces Technology Investments From Blue Magic Netherlands ACN Newswire

GA-ASI Announces Technology Investments From Blue Magic Netherlands

SAN DIEGO, CA, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) is pleased to announce two businesses that it will invest in from the inaugural Blue Magic Netherlands (BMN) event last November: Emergent Swarm Solutions and Saluqi Motors."The technologies presented by Emergent and Saluqi really stood out to us, and we're proud to be working with them," said Brad Lunn, managing director for GA-ASI. "I expect several other companies from the Blue Magic Netherlands event to emerge and we hope to make additional announcements in the near future."At the Blue Magic investment and innovation conference in the Netherlands, GA-ASI and its partners heard pitches from innovative Dutch companies about the important technologies they are developing. The event was organized collaboratively between GA-ASI, the Dutch Ministry of Defense, the Dutch Ministry of Economic Affairs, Brainport Development in Eindhoven, and Brabant Development Agency (BOM). The key areas of focus were Artificial Intelligence/Machine Learning, Autonomy, Advanced Materials, Sensors, Advanced Manufacturing, and Space. Close to 50 companies applied and after reviewing the applications, 16 companies were selected to pitch their capabilities.Emergent Swarm Solutions and Saluqi Motors were selected by GA-ASI to make investments after both companies made compelling pitches about their respective technologies at the BMN event and following months of detailed business and technology discussions with the two companies.Emergent Swarm Solutions develops innovative software solutions for autonomous flight and intelligent, decentralized swarming capabilities for a variety of unmanned vehicles. GA-ASI is partnering with Emergent to develop critical autonomy skills for GA-ASI's current and future portfolio of aircraft."It is a pleasure to partner with General Atomics to develop and deploy our autonomy and swarming capabilities on the current and next generation of unmanned aircraft," said Lennart Bult, Co-founder and Managing Director at Emergent Swarm Solutions. "Collaborating with the General Atomics team has been a fantastic experience, and we look forward to delivering advanced capabilities through this partnership."Saluqi Motors builds high-density motors with integrated electronics that significantly increase power and torque in small packages, which is well-suited for airborne platforms. GA-ASI is partnering with Saluqi to qualify their existing products within the strict environmental demands of aerospace applications and to develop new products for specific applications."We are deeply honored to be selected by GA-ASI from such a strong field of innovative companies," said Matthijs de Haan, CEO at Saluqi Motors. "Our ultra-compact and high-performance motors are engineered to meet the demanding requirements of aerospace applications. This collaboration enables us to further validate our technology and develop new solutions for the defense and aerospace industries."GA-ASI is a global leader in unmanned aircraft systems and related mission systems. The company hosted its first Blue Magic event in 2019 in Belgium, with subsequent events held in 2020, 2021, and 2023. GA-ASI is delivering eight MQ-9A aircraft to the Royal Netherlands Air Force (RNLAF)."GA-ASI is committed to continue working with the Dutch government and Dutch industry in supporting the growth of technology innovation in the Netherlands. GA-ASI anticipates holding additional BMN events in the near future," Lunn added.About GA-ASIGeneral Atomics Aeronautical Systems, Inc., is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle® 25M, MQ-20 Avenger®, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
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PerfectSwell(R) Zion To Start Construction ACN Newswire

PerfectSwell(R) Zion To Start Construction

SOLANA BEACH, CA, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) - American Wave Machines, the global leader in world-class surf pool destinations, announces a new project, PerfectSwell® Zion, a mixed-use development in Washington, Utah, the outdoor activity hub adjacent to Zion National Park. AWM is partnering with Desert Lakes LLC on the project. The commercial surf park anchors a luxury residential community called Zion Shores offering waterfront single family homes and beachfront townhouses. PerfectSwell® Zion will be open to the public with Zion Shores residents enjoying unique perks and surf priority. PerfectSwell® Zion opens in Q1 2027.Capping four years of in-house R&D, the project will feature Generation 6 PerfectSwell® surf technology bringing bigger, better waves, improved efficiency, cutting-edge sustainability features, and AWM's most innovative wave package yet. Gen 6 features optimization diagnostics utilizing historic and real time data, innovative health monitoring, maintenance schedules, and a thermal design system for air and water temperature management. Further improvements in pneumatics have resulted in measurable increases in wave generating efficiency. In terms of design, natural and permanent elements will be utilized for energy dissipation in the water minimizing the use of fabricated materials. For the surf and aquatics recreation, the project will upcycle brackish water - unfit for drinking or farming - conserving fresh water and reducing waste."We have just about every outdoor activity you can think of in this high desert playground except surfing. We're stoked to partner with AWM to change that. The team behind PerfectSwell® is the real deal," said Cody Larkin, CEO of Desert Surf, LLC. "AWM makes the type of waves they want to surf with a mandate of continuing innovation. We're ready to go.""Gen 6 PerfectSwell® is next level, and I can't think of a better location for the debut or a better partner in the US. Desert Lakes brings a wealth of expertise in civil construction and community infrastructure building, essential for a successful project," said Bruce McFarland, President of AWM. "We're thrilled to work with Cody and his team to expand our global network of deeply connected surf communities to Utah and beyond."About American Wave MachinesAmerican Wave Machines, Inc.is the inventor and developer of PerfectSwell® Surf Technology. AWM's technology powers world class surf facilities and destinations backed by proven financials, extensive data capture, and stoked surfers. PerfectSwell® is the only sequence based, pneumatic surf technology on the market. Protected by over 50 patents worldwide, PerfectSwell® Split Peaks, Peeling Waves, Air Sections, and Wedge Barrels are all covered by AWM's robust patent portfolio.About Desert Lakes LLCDesert Lakes LLC is a dynamic partnership between Immaculate Homes and Salt Lake Excavating, formed in 2019 to develop the renowned Southern Shores community in Hurricane Utah. This unique waterfront development features three man-made lakes designed for boating, surfing, and a variety of recreational activities, all surrounded by premium residential properties. Cody Larkin brings extensive expertise in civil construction and lake development, while Jason and Brittany Christensen of Immaculate Homes lead the charge on vertical construction, combining their strengths to create one-of-a-kind living experiences.Contact:Jenna Timinskyinfo@americanwavemachines.comSOURCE: American Wave Machines, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
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OMP Positioned Highest for Ability to Execute in the 2025 Gartner(R) Magic Quadrant(TM) for Supply Chain Planning Solutions ACN Newswire

OMP Positioned Highest for Ability to Execute in the 2025 Gartner(R) Magic Quadrant(TM) for Supply Chain Planning Solutions

ANTWERPEN, BELGIUM, Apr 17, 2025 - (ACN Newswire via SeaPRwire.com) - OMP, a global leader in supply chain planning solutions, has been named a Leader in the Gartner Magic Quadrant for the 10th consecutive time. Positioned highest for 'Ability to Execute,' OMP believes this recognition underscores its consistent delivery of innovative solutions and measurable business results to global supply chains.A proven platform for the most complex planning needsOMP attributes its continued advancement to the strength of Unison Planning™, a proven platform for all supply chain planning needs - from strategic to operational, and from demand to supply. As an open, cloud-native, and AI-driven platform, Unison Planning is designed to meet the evolving demand of dynamic global supply chains. It empowers businesses to make smarter, faster decisions and collaborate more effectively across complex networks."Today's supply chain leaders must make decisions at the speed of business to stay competitive. It's the only way to deal with tariffs, geopolitical shifts, and disruptions, while also harnessing new opportunities," says Philip Vervloesem, Chief Commercial & Markets Officer at OMP.Smarter, faster planning with AI at the coreOMP's decision-centric planning approach leverages AI to generate realistic scenarios, helping business leaders keep their supply chain agile and resilient."Unison Planning enables businesses to make data-driven decisions more efficiently," says Tom Wouters, Chief Product Officer at OMP. "Our AI-powered approach proactively optimizes supply chain operations, while OMP Companion, our generative AI assistant, drives user adoption and collaboration to unlock the platform's full value."Co-innovation in actionOMP's innovation strategy is rooted in close collaboration with its customers, ensuring that the platform evolves in direct response to the real-world challenges faced by global supply chains."We're excited about our co-innovation initiatives, which deliver real results for our long-term customers and partners," adds Philip Vervloesem. "We believe this year's position validates our approach of solving our customers' toughest challenges together and driving growth across our ecosystem."Customer success through strategic long-term partnershipsTrusted by Fortune 500 companies, such as AstraZeneca, Dow, Johnson & Johnson, and Nestlé, OMP continues to deliver scalable results across industries through strong partnerships."We're proud of our trusted partnerships with leading global companies within our target industries," says Paul Vanvuchelen, CEO of OMP. "I strongly believe this recognition reflects the value of 40 years of deep supply chain planning expertise, and I thank our dedicated teams, loyal customers, and alliance partners for their continued support."About the Gartner Magic QuadrantThe 2025 Gartner Magic Quadrant for Supply Chain Planning Solutions, released in April 2025, evaluates vendors based on their Ability to Execute and Completeness of Vision, helping business leaders identify the right partners in a complex and fast-evolving market.For more information about OMP's position as a Leader in the Gartner Magic Quadrant and the future of supply chain planning, read the full report here.Contact InformationPhilip VervloesemSenior Vice President OMP USApvervloesem@omp.com+1-770-956-2723SOURCE: OMP Copyright 2025 ACN Newswire via SeaPRwire.com.
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Announcing Zion Shores ACN Newswire

Announcing Zion Shores

Washington, Apr 18, 2025 - (ACN Newswire via SeaPRwire.com) - Alaia Development and Desert Lakes LLC are thrilled to announce ZION SHORES - a world class inland surf destination in Washington, Utah. ZION SHORES will be the centerpiece of the Alaia's Master planned community, formerly known as Stucki Farms. After years of water research, engineering, and collaboration with the city of Washington, we have reached an agreement and are moving forward on a monumental project in the heart of southern Utah. This will truly be unlike any other surf and recreation area in the world.Water is a precious resource, especially in Southern Utah, and ZION SHORES was conceived and designed with the vision of protecting that resource. Our surf lagoons will be filled with non-potable brackish water not suitable for drinking or irrigation from privately owned onsite wells. Brackish water is much too costly to convert into culinary or irrigation quality, but with a little chemistry added, it is entirely safe for recreation. In addition, Alaia worked closely with Washington City to significantly reduce the size of the previously approved lagoons. Without drawing from local drinking or irrigation water supplies, we are turning an otherwise unusable resource into a world-class surf and recreation amenity that will benefit the community.The project will feature 65 short-term rental properties built around two concrete-lined, clear lagoons designed specifically for surfing and other water recreation. Owners and renters of these 65 properties will have priority access to the waves. The public will also have access to through the booking portal. Alaia, the surrounding master planned community, will also include several restaurants, approximately 300,000 sf of commercial space and a community clubhouse overlooking the surf lagoons. ZION SHORES and Alaia will be unlike any other surf and recreation destination in the world with three separate cutting-edge wave technologies producing perfect waves of every shape and size for a fully customized surfing experience:PerfectSwell Zion - A world class surf venue featuring cutting-edge 6th generation PerfectSwell® technology and the most innovative wave package to date. PerfectSwell® is patented, proven and reliable, developed by American Wave Machines in California. Addictingly fun for every skill level, the waves at PerfectSwell® Zion are "Always Peaky".UNIT Zion Dynamic Wave - A groundbreaking 164' wide dynamic wave developed by UNIT Surf Pool that will be the first of its kind in the world. This technology generates multiple moving wave pockets using patent-pending programmable water flow control tech.UNIT Zion Standing Wave - A 60' wide standing wave system by UNIT Surf Pool, which is UNIT's flagship wave and a staple of inland surf technology offering incredible flexibility and adjustability to a unique and controlled experience for all skill levels.From first timers to seasoned surfers, ZION SHORES will be a surf paradise for the whole family. Get ready Utah - the Swell is coming!To learn more about ZION SHORES, visit zionshores.com and alaiaut.comContact:Cody Larkin801-231-9686cody@saltlakeexcavating.comSOURCE: Zion Shores Copyright 2025 ACN Newswire via SeaPRwire.com.
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Global Logistics Industry Revolution, Reitar Logtech Launches the First Humanoid Logistics Robot ACN Newswire

Global Logistics Industry Revolution, Reitar Logtech Launches the First Humanoid Logistics Robot

HONG KONG, Apr 16, 2025 - (ACN Newswire via SeaPRwire.com) – Today's logistics industry is experiencing a wave of intelligent transformation. Recently, industry leader Reitar Logtech (NASDAQ: RITR) partnered with AI pioneer NEXX to announce a renewed strategic collaboration. Both parties will leverage their resource strengths to launch the first humanoid robot designed specifically for logistics operations in Hong Kong, revolutionizing logistics operations and creating a new smart logistics ecosystem for the future.As a comprehensive development platform focused on logistics assets, Reitar's Property + Logistics Technology (PLT) one-stop solution successfully integrates resources from logistics property development to service provision, delivering cutting-edge logistics solutions that lead industry trends. In this collaboration, Reitar has leveraged its deep insights into the pain points of the industry to guide the development of the humanoid robot "Adam," providing diverse scenarios and needs within the ecosystem to ensure seamless integration of outcomes with actual operations. Reitar will incorporate NEXX's advanced technology in AI, especially the LLM model-driven NEXXBot logistics brain, to endow "Adam" with intelligent decision-making capabilities in logistics. By learning autonomously in real environments, "Adam" will have an optimized design for its motion control center, utilizing advanced control algorithms and high-precision sensor technology, driven by the AI agent under NEXXBot, enabling 'Adam' to execute complex tasks such as handling, sorting, and shelving with precision, significantly enhancing logistics operational efficiency.As the collaboration progresses, "Adam" is set to be fully applied in logistics warehouse. With its intelligent and automated operating methods, it will take on core tasks of cargo handling, sorting, and shelving across multiple scenarios, playing various roles in smart logistics warehouses and achieving leapfrog development. Meanwhile, the successful application of "Adam" will serve as a model for the industry's intelligent transformation, setting a new benchmark for the entire sector and accelerating its transition towards greater intelligence and efficiency. Both parties look forward to contributing unique innovative solutions for the smart transformation of the global logistics industry, truly realizing fully unmanned operations and helping the industry achieve breakthrough development globally.Images Download:http://bit.ly/3Y0mFA6About Reitar LogtechReitar Logtech successfully listed on the NASDAQ in 2024 and is a comprehensive development platform focused on logistics assets, as well as a pioneer in the Property + Logistics Technology (PLT) solution industry. Reitar Logtech possesses unmatched pioneering advantages, with a one-stop operating model and extensive business knowledge and experience, establishing a comprehensive customer base for steady expansion. We provide integrated solutions for asset value enhancement and logistics technology, linking assets, technology, and the logistics industry to improve clients' operational efficiency and economic benefits, achieving comprehensive integration of the industry.About NEXXNEXX is a technology company specializing in LLM (Large Language Models) and AI agents, committed to reshaping smart logistics and supply chain management. The self-developed AI agent NEXXBot is empowered by NEXX's proprietary vertical LLM, the NEXX language model (NexxLM), capable of understanding, formulating, and executing complex warehouse operations tasks with simple natural language commands. NEXX AI agents not only possess core abilities such as intelligent scheduling, demand forecasting, and automatic optimization but also combine multimodal data analysis with reinforcement learning algorithms to continuously enhance logistics operational efficiency. Its agent-based AI architecture breaks traditional software limitations, achieving flexible operations and real-time intelligent decision-making, helping enterprises reduce costs and increase efficiency. In this long-underdeveloped industry, NEXX is leading the path to change towards a smarter and more sustainable future. Copyright 2025 ACN Newswire via SeaPRwire.com.
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InnoEX and Spring Electronics Fair attract some 88,000 global buyers ACN Newswire

InnoEX and Spring Electronics Fair attract some 88,000 global buyers

- The 3rd InnoEX and 21st Spring Electronics Fair concluded successfully today, attracting some 88,000 buyers from 148 countries and regions.- One of the highlights of this year's InnoEX were the low-altitude economic solutions, which generated significant interest and attracted enquiries and business discussions from global buyers, including those from emerging markets.- Over half of InnoEX and Spring Electronics Fair respondents intend to expand into emerging markets, including ASEAN, Mainland China and the Middle East.- 40% survey respondents at the Spring Electronics Fair expect their overall sales to increase in the next one to two years, while half of all respondents are confident that they can maintain the current level.HONG KONG, Apr 16, 2025 - (ACN Newswire via SeaPRwire.com) – The 3rd InnoEX, co-organised by the Innovation, Technology and Industry Bureau of the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), alongside the 21st HKTDC Hong Kong Electronics Fair (Spring Edition), concluded successfully today. The four-day exhibitions attracted some 88,000 buyers from 148 countries and regions. Apart from local visitors, the fairs welcomed buyers mainly from Mainland China, India, Japan, Korea and Taiwan.Sophia Chong, HKTDC Deputy Executive Director, said, “As the two core events of the Business of Innovation and Technology Week (BIT Week), InnoEX and the Spring Electronics Fair attracted some 88,000 visitors from Hong Kong, Mainland China and overseas. By showcasing the latest smart solutions and R&D achievements to international buyers, exhibitors initiated numerous regional business collaborations and discussions, while exploring new markets successfully. The exhibitions further advanced Hong Kong's development as an international I&T hub and reinforced its status as a global trade centre, demonstrating Hong Kong's advantages of connecting with both the Mainland and the world.”This year's InnoEX focused on five major technology areas, namely the low-altitude economy, AI, robotics, cybersecurity, and smart mobility, aiming to address pain points for both large and small and medium-sized enterprises and bring new development opportunities for them. Among the technology solutions, the low-altitude economy was particularly popular, attracting the attention of many buyers.InnoEX brought together the latest innovative R&D and solutions from around the world. The Smart Hong Kong Pavilion, set up by the Digital Policy Office, had over a hundred I&T achievements closely related to the lives of citizens, including I&T solutions from 20 government bureaux and departments, and award-winning solutions from multiple I&T competitions.In addition, there were multiple local pavilions, 17 pavilions from 16 provinces and municipalities in the Mainland, and overseas pavilions, including from Canada and the United Kingdom, the French 'So French So Innovative' pavilion, and the Smart Cities Council from Australia. The fair also attracted tertiary institutions and big companies which participated as independent exhibitors, including China Mobile Hong Kong, Huawei, IBM, and more. The exhibitors showcased their technological solutions in different fields and successfully attracted many buyers to discuss cooperation.Exhibitors expand into new markets while buyers actively sourceZeng Quanhong, Manager of Marketing Department, Vertaxi, stated that the company showcased its electric vertical take-off and landing (eVTOL) aircraft at InnoEX, establishing relationships with some 30 potential buyers from ASEAN, Canada, Europe, India, UAE, and Hong Kong. "InnoEX is a quality platform with high foot traffic which has broadened our horizons. For example, after communicating with buyers from Thailand, we learned that the aircraft could be applied to local tourism services in Thailand, helping us explore new markets. Our participation this year was very successful, and we will definitely return next year."Australian buyer Spacious Property Development Group (Spacious) looked for technologies that can help reduce hotel operating costs at InnoEX, and was particularly interested in automated delivery robots, cleaning robots, and vending machines offered by exhibitors from Mainland China and Hong Kong respectively. Angela Liang, Managing Director of Spacious, said, "InnoEX provided us with an excellent opportunity to introduce innovative technologies to the Australian market, especially now that the United States has increased tariffs, prompting suppliers around the world to actively explore other new markets."In addition, some exhibitors successfully established important partnerships through InnoEX. Among them, Philippine buyer Digital Pilipinas and International Digital Economies Association signed a distribution agreement with the United Kingdom’s exhibitor Unifi.id to introduce Unifi.id's smart card system for buildings to the Philippines, with hopes of expanding into other emerging markets in the future. Xi’an Meinan Biotechnology Co. Ltd also signed a strategic cooperation agreement with H & Y Building Decoration Electrical Engineering (HK). The partnership aims to enhance the quality of construction projects in Hong Kong and internationally by utilising Meinan’s waterproof mortar technology, promoting sustainable development.The Spring Electronics Fair showcased a variety of products, focusing on products and solutions in the fields of smart home, health tech and wearable devices and the exhibition attracted buyers from around the world and helped exhibitors expand into new markets. Many companies launched new products at the Electronics Fair, including Guangzhou’s Havit Technology, which introduced a hat with headphone functionality utilising air conduction technology and a patented design. Qingdao’s Thunderobot Technology, a subsidiary of Haier Group, made its debut in Asia outside of Mainland China with its smart glasses.At the fair, Shenzhen Antop Technology Co. from Mainland China, showcased air purifiers designed for households with pets. The company's International Business Development Manager, Bojia Yang, said, "In the past, the US market accounted for over 80% of our business. With the increase in US tariffs, we are actively expanding our global operations and exploring new markets, targeting Asia, Europe, and South America. We have made contact with many potential buyers from India and South America at the exhibition, and in the first two days, we received about 50 potential leads, with at least one third showing significant collaboration potential." The company is also discussing a contract for an order valued at approximately USD2.5 million.Additionally, Hong Kong medical technology exhibitor CYBERMED, is currently discussing business deals with two buyers from Mainland China and the Middle East, with each order valued at approximately USD200,000.American buyer DeWalt Mobile Solutions, which produces and sells mobile phone accessories, sourced products at Spring Electronics Fair. Its Director of International Operation, Danny Lo, said, "We are a leading brand in the US and plan to purchase products worth USD500,000 to USD1 million at the electronics fair. Face-to-face communication with suppliers during this crucial sourcing time and discuss business in response to the tariff situations with them was especially important for us."Four thematic days to explore the latest industry developments, with industry leaders sharing their insightsDuring InnoEX and Spring Electronics Fair, several conferences and seminars focused on hot technology topics were held, including the Tech-Driven Industry and Economy Conference, powered by the HKSAR Government's Office for Attracting Strategic Enterprises, which brought together government officials from various countries and regions to discuss how policy measures can promote industrial development. Participants also shared successful policy measures and emerging trends in various countries.Talent is crucial to promoting the development of the I&T ecosystem and, this year, InnoEX and the Spring Electronics Fair jointly hosted “Exhibitors Meet Talents” to assist exhibitors in recruiting professionals and attract people who were interested in exploring job opportunities and engage with employers in the I&T industry.Half of respondents intend to expand into emerging marketsTo further understand the development trends of the I&T and electronics industries, HKTDC appointed an independent survey agency to interview 315 InnoEX and 642 Spring Electronics Fair exhibitors and buyers during the exhibitions. The key results are as follows:InnoEX and Spring Electronics Fair- 50.7% of respondents from InnoEX and Spring Electronics Fair expressed their intention to expand into emerging markets, including ASEAN countries, Mainland China and the Middle East.InnoEX- 33% of respondents believe that the greatest strength of Hong Kong's innovation and technology sector is its unique position as an intermediary between the world and Mainland China. This s followed by having a highly skilled and multicultural talent pool (25.1%) and a robust and efficient financial market (24.6%).- 68.8% of surveyed Hong Kong exhibitors believe that FinTech is the strongest and most advantageous field of I&T in Hong Kong, followed by Smart Cities (18.2%).Spring Electronics Fair- 40% of respondents expect their companies’ overall sales to increase in the next one to two years. Additionally, 50.5% expect to maintain the current overall sales figures, while less than 10% anticipate a decline.- Nearly 30% of respondents believe that compared to traditional electronic products and household appliances, consumers are willing to pay a premium of 21% to 30% more for products that are compatible with smart home or AI applications.In addition, the 2nd Hong Kong World Youth Science Conference brought together top experts, including Nobel Prize winning scholars, to discuss various innovation and science fields. The World Internet Conference Asia-Pacific Summit, held in Hong Kong for the first time, also attracted nearly a thousand participants from all over the world to discuss the latest trends in areas such as AI, digital finance, digital government and smart living, creating synergies with BIT Week events.Photo download: https://bit.ly/3YA7Y75The 3rd InnoEX and the 21st Spring Electronics Fair concluded successfully today, attracting some 88,000 buyers from 148 countries and regions.The Low-altitude Economy zone presented drone and aircraft solutions from various companies, attracting many potential buyers.The Tech-Driven Industry and Economy Conference brought together government officials from Mainland China, Hong Kong and abroad to share how technology drives industry and economic development.With the World Internet Conference (WIC) Asia-Pacific Summit also taking place in Hong Kong, Zhuang Rongwen, Chair of WIC and Minister of Cyberspace Administration of China (middle) visited InnoEX to explore the innovations presented by exhibitors, including a showcase at the Digital Policy Office's Smart Hong Kong Pavilion.Robotics was one of the highlights at this year’s InnoEX. Pictured is a robot at the Beijing Zhongguancun pavilion.Australia’s Smart Cities Council participated in InnoEX for the first time, bringing cybersecurity and AI compliance solutions.At the Spring Electronics Fair, a Tech Trends Symposium was held with the theme "AI on the Go: A New Era of Intelligent Wearable Electronics", inviting industry leaders to discuss how wearable devices such as smart glasses and smart rings are reshaping people’s work and lifestyles.Several companies launched new products during the Spring Electronics Fair, including Havit Technology which unveiled a hat with headphone functionality using air conduction technology and a patented design.Spring Electronics Fair’s Digital Entertainment Experiential Zone returned this year, offering e-sports and interactive gaming experiences provided by game developers, including Refract’s VR boxing game.WebsitesInnoEX: innoex.hktdc.com/enHong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com/enMedia enquiriesYuan Tung Financial Relations:Salina ChengTel: (852) 3428 2362Email: salcheng@yuantung.com.hkHing-fung WongTel: (852) 3428 3122Email: hfwong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Sharon HaTel: (852) 2584 4575Email: sharon.mt.ha@hktdc.orgJohnny TsuiTel: (852) 2584 4395Email: johnny.cy.tsui@hktdc.orgClayton Lau Tel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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analytica Vietnam 2025 Concludes with Record-Breaking Attendance and Exhibitor Participation ACN Newswire

analytica Vietnam 2025 Concludes with Record-Breaking Attendance and Exhibitor Participation

HO CHI MINH CITY, VIETNAM, Apr 14, 2025 - (ACN Newswire via SeaPRwire.com) - analytica Vietnam 2025, the leading international trade fair for laboratory technology, biotechnology, analysis, and diagnostics, successfully concluded its 9th edition, held from 2–4 April 2025 at the Saigon Exhibition and Convention Center (SECC). Organised by MMI Asia Pte Ltd, a wholly owned subsidiary and regional headquarters of Messe München GmbH (MMG), in collaboration with Vietnam Exhibition and Event Services Co., Ltd (VNEES), and supported by the Ministry of Science and Technology of Vietnam, the event surpassed all previous records in attendance and international participation. This milestone reinforces analytica Vietnam’s reputation as Southeast Asia’s premier platform for scientific innovation, cross-border collaboration, and advanced laboratory solutions.The exhibition welcomed 6,657 visitors, including 5,908 unique attendees from 37 countries, reflecting a 23% increase in unique visitors compared to the 2023 edition. This growth highlights the region's increasing demand for cutting-edge laboratory technologies and the growing prominence of the event on the international stage.Impressive Growth and Strong International Participationanalytica Vietnam 2025 experienced exceptional expansion, with a 52% increase in exhibitors. The exhibition hosted over 300 companies and brands across a 7,000 sqm exhibition space, a 56% increase in space compared to 2023. A notable 71% of exhibitors were international, underscoring the event’s rising international appeal and establishing it as a key meeting point for global industry leaders.Prakash Mishra, Head of Vietnam SLS Commercial at Merck Vietnam, remarked, “The quality of visitors this year has been very good—we’ve met professionals from across Asia, Europe, and even the US who are genuinely interested in understanding and entering the Vietnam market. For us, this has been an excellent opportunity to connect with both local and international partners. It’s encouraging to see Vietnam gaining more visibility on the global stage, and analytica Vietnam has played a key role in that. Overall, it’s been a strong start to the year, and we’re leaving the show with meaningful leads and a very positive outlook.”Key Show Features and HighlightsAcademic ConferenceThe concurrent academic conference attracted 770 participants, a notable increase from the 582 attendees in 2023. The conference provided a comprehensive program featuring industry experts and thought leaders, addressing key research trends, technological advancements, and challenges faced by the laboratory and biotechnology sectors.Southeast Asia’s First Live Lab PremiereA key highlight of analytica Vietnam 2025 was the debut of Southeast Asia’s first Live Lab, attracting over 770 participants. This immersive experience offered live demonstrations in a real laboratory environment, allowing attendees to interact with experts and explore the latest technologies in action. It provided valuable, hands-on insights into the practical applications of modern lab workflows.Hosted Buyer Program:analytica Vietnam 2025 welcomed 544 Hosted Buyers from Vietnam and neighboring countries including Laos, Cambodia, Thailand, and Malaysia. With over 700 pre-arranged meetings, the program fostered meaningful business engagement, paving the way for strategic partnerships and regional growth across the laboratory and analytical sectors.Startup PavilionThe Startup Pavilion showcased emerging companies in the laboratory sector, spotlighting innovations and new technologies that are poised to shape the future of the industry. This section of the exhibition offered a platform for fresh ideas and groundbreaking solutions that are advancing laboratory technology.Lab Design and Construction ForumThe Lab Design and Construction Forum delved into the future of sustainable and efficient laboratory infrastructure. The forum featured insights from industry leaders and experts on how modern design principles are transforming laboratory facilities to meet the growing demands of science, research, and industry.Innovation ZoneThe Innovation Zone was a dedicated space showcasing breakthrough technologies that are transforming laboratory operations and industry practices. Attendees had the opportunity to explore cutting-edge products and solutions that are shaping the future of laboratory technology.Exclusive Lab ToursSpecially curated Lab Tours took participants behind the scenes of leading research and testing facilities in Vietnam. These tours offered a deeper understanding of local industry advancements and provided insights into the real-world applications of the technologies showcased at the event.Future Editions: analytica Convention 2026 in Hanoi & analytica Vietnam 2027 in Ho Chi Minh CityBuilding on the remarkable success of analytica Vietnam 2025, MMI Asia is set to extend its reach across Vietnam. The analytica Convention 2026 will take place from April 22–24, 2026, at the International Exhibition Center (ICE) in Hanoi. Designed as an exclusive gathering, this event will feature a top-tier scientific conference and a focused showcase of laboratory technologies, offering industry professionals and academics in Northern Vietnam direct access to global innovations.The full-scale edition of analytica Vietnam will return to Ho Chi Minh City from March 31 to April 2, 2027, at the Saigon Exhibition and Convention Center (SECC). With expectations for greater international presence and broader industry coverage, the 2027 edition will continue to serve as a strategic hub for technology exchange, partnerships, and market expansion in Southeast Asia.About analytica Vietnamanalytica Vietnam is the premier trade fair for laboratory technology, analysis, and biotechnology in Southeast Asia. Organized by Messe München, the event brings together industry professionals, researchers, and policymakers to showcase the latest technologies,exchange knowledge, and foster business collaborations. analytica Vietnam features an exhibition, conference, pre-event laboratory tours, buyer-seller programs, and networking opportunities, providing a comprehensive platform for the laboratory and biotechnology industries in the region. The upcoming edition is set to take place from April 2 to 4, 2025 at the SECC – Saigon Exhibition and Convention Center. More details can be found at https://www.analyticavietnam.com/.About analytica worldwideMesse München is the world’s leading trade fair organizer for laboratory technology, analysis and biotechnology. The international network of exhibitions includes analytica, analytica China, analytica Anacon India & India Lab Expo, analytica Vietnam and analytica Lab Africa. About MMI Asia Pte LtdEstablished in 1992, MMI Asia is the wholly owned subsidiary and the regional headquarters of Messe München GMBH (MMG) and is one of the world largest and leading exhibition organizers. MMI Asia’s portfolio of events include editions of worldleading trade fairs from Munich – transport logistic & air cargo, analytica, ceramitec; as well as industry-specific events such as Glasstech and Fenestration Asia, Asia Climate Forum, and Singapore International Water Week. MMI Asia also provides consultancy in professional trade fair and conference management to government bodies, international trade and promotion organizations, and trade associations. For more information, please visit www.mmiasia.comAbout Messe MünchenAs one of the world’s leading trade fair organizers, Messe München presents the world of tomorrow at its about 90 trade fairs worldwide. These include twelve of the world’s leading trade fairs such as bauma, BAU, IFAT, electronica, and ISPO. Messe München’s portfolio comprises trade fairs for capital and consumer goods, as well as for new technologies. Together with its subsidiaries, it organizes trade fairs in China, India, Brazil, South Africa, Turkey, Singapore, Vietnam, Hong Kong, Thailand, and the U.S. With a network of more than 15 affiliated companies and almost 70 representations worldwide, Messe München is active in more than 130 countries. The more than 150 events held annually attract around 50,000 exhibitors and around three million visitors in Germany and abroad.Exhibition Contact:MMI Asia Pte. Ltd.Daniel ShiExhibition Directordaniel@mmiasia.com.sgPress Contact:MMI Asia Pte. Ltd.Joey NgMarketing Executive joey@mmiasia.com.sg Copyright 2025 ACN Newswire via SeaPRwire.com.
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Standard Chartered GBA Business Confidence Survey shows calm before tariff storm in Q1 ACN Newswire

Standard Chartered GBA Business Confidence Survey shows calm before tariff storm in Q1

HONG KONG, Apr 15, 2025 - (ACN Newswire via SeaPRwire.com) – The latest Standard Chartered GBA Business Confidence Index (GBAI) jointly published by Standard Chartered and the Hong Kong Trade Development Council (HKTDC) today indicated broad-based improvement in business sentiment in the region for the first quarter of 2025.The GBAI “current performance” index for business activity rose to 53.5 in Q1 from 50.7 prior – the highest since Q2-2024. Six of the eight index components rose quarter-on-quarter, and all previous sub-50 underperformers rallied back above the neutral mark, namely “capacity utilisation” (+3.2pts), “raw material inventory” (+9.0pts), “financing scale” (+3.2pts) and “profits” (+3.1pts).The GBAI “expectations” index for business activity improved in tandem with its “current performance” counterpart, to 54.3 in Q1 from 52.9 in Q4-2024. Encouragingly, seven of eight expectation sub-indices rose quarter-on-quarter, led by a 3.1 percentage point increase in “profits” and a 2.8 percentage point increase in “raw material inventory”.All the city sub-indices, be it “current performance” or “expectations”, rose quarter-on-quarter, with Shenzhen being the only exception. Hong Kong extended its rising “current performance” streak to four straight quarters, to 53.5; its “expectations” index jumped to 56.9 – bested only by Guangzhou – from 50.8 prior. Guangzhou’s current and expectation prints stood at 60.3 and 58.0, respectively, the highest among cities.This showed that GBA companies weathered the initial rounds of US tariff hikes (10%+10%) well, in part thanks to the DeepSeek breakthrough lifting market sentiment as well as the rising prospect of more policy stimulus from China’s policymakers. However, respondents’ more-upbeat outlook in February-March (when the Q1 survey was conducted) likely did not prepare them for recent events – US’ announcement of sweeping and sizeable reciprocal tariff hikes on China and most other countries.Kelvin Lau, Senior Economist, Greater China and North Asia, Standard Chartered, said: “Given the urgency to stabilise market sentiment following the tariff-induced sell-off, the likelihood of China cutting the reserve requirement ratio and/or policy rate (7-day reverse repo rate) in April has materially increased. We expect that both monetary and fiscal policies on the Mainland will stay supportive. Meanwhile, Hong Kong would need to ramp up short-term support to SMEs and continue to diversify its trade to facilitate more non-US trade corridors. Our next survey, to be conducted in May-June, should provide a better view of the readiness of GBA businesses to live with high tariffs.”More consumption boosts welcomedLooking ahead, 41% of respondents saw a positive impact from the consumption boosting initiatives announced by China in January. Meanwhile, 38% said the consumer goods trade-in programme would bring positive impact on their business. When asked what else the government could do to expand the consumption-supportive measures, the most popular suggestion was “relax market access for private sector and foreign investment to help boost services consumption”.Wing Chu, Principal Economist (Greater China Research Team), HKTDC, said: “Boosting domestic demand is one of the government’s top priorities, as highlighted in the Government Work Report delivered by Chinese Premier Li Qiang in March. More than 50% of respondents have indicated that they are either already well positioned to tap into the mainland consumer market or are currently expanding or planning to expand their operations to do so. Additional supportive measures from the government could further bolster their businesses.”About the GBAIThe GBAI is the first forward-looking quarterly survey in the market that looks at the business sentiment and synergistic effects in cities and industries across the GBA. It is compiled based on a survey of more than 1,000 companies in the GBA covering the manufacturing and trading, retail and wholesale, financial services, professional services and innovation and technology sectors. The index enables investors and businesses to better understand the current business climate, gauge future performance prospects and formulate their market strategies for the GBA.Related materialsStandard Chartered GBA Business Confidence Index Report: https://www.sc.com/hk/gba/gba-index-report/HKTDC Research: https://research.hktdc.com/en/article/MTk4MDY0MTYwOQ(From left) Kelvin Lau, Senior Economist, Greater China and North Asia, Standard Chartered, and Wing Chu, Principal Economist (Greater China Research Team), HKTDC, announced the latest GBA Business Confidence Index (GBAI) today (15 April 2025). Kelvin Lau, Senior Economist, Greater China and North Asia, Standard Chartered Wing Chu, Principal Economist (Greater China Research Team), HKTDCMedia enquiriesCorporate Affairs DepartmentStandard Chartered Bank (Hong Kong) Limited Flora Chiu Tel: (852) 3843 2285 Email: flora.chiu@sc.com Communications & Public Affairs DepartmentHKTDC Katy WongClayton Lauw Tel: (852) 2584 4524Tel: (852) 2584 4472Email: katy.ky.wong@hktdc.orgEmail: clayton.y.lauw@hktdc.orgAbout Standard CharteredWe are a leading international banking group, with a presence in 53 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.About HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Ausnutria Delivers Resilient Dual Growth in Revenue and Profit in 2024 ACN Newswire

Ausnutria Delivers Resilient Dual Growth in Revenue and Profit in 2024

HONG KONG, Apr 14, 2025 - (ACN Newswire via SeaPRwire.com) - On 10 April, Ausnutria Dairy Corporation Ltd (Stock Code: 1717.HK) released its 2024 annual results announcement. According to the announcement, Ausnutria achieved operating revenue of approximately RMB7.402 billion in 2024, a year-on-year (“YoY”) growth of 0.3% and profit attributable to equity holders of the parent company of approximately RMB236 million, a YoY growth of 35.3%, realizing a resilient dual growth in revenue and profit. It is worth mentioning that Ausnutria's international business has entered the fast lane with a significant YoY growth of 68.2%, which has become a new growth driver.According to the announcement, in 2024, in the face of the internal and external economic situation of the world's economic growth momentum and insufficient effective domestic demand, Ausnutria steadily promoted the “milk powder + nutrition products” nutrition strategy for the whole family and further strengthened its leading position as the “World’s No.1 goat milk powder brand”. Through multi-dimensional measures such as strengthening scientific innovation, expanding market, enhancing efficiency and consolidating foundation, Ausnutria has maintained its market share against the backdrop of the overall shrinking infant formula market, realizing revenue growth with a significant increase in profit, thereby surpassing the industry cycle with resilient growth. In terms of segmentation, Ausnutria's own brand milk powder business segment achieved an overall revenue of approximately RMB5.806 billion, of which the goat milk powder business realized revenue of approximately RMB3.699 billion, representing a YoY increase of 12.7%, while the cow milk powder business realized revenue of approximately RMB2.107 billion. The nutrition products business segment realized revenue of approximately RMB305 million, representing a YoY increase of 7.1%. In terms of region, in 2024, the goat milk powder business of the PRC recorded revenue of approximately RMB3,053 million, representing a YoY growth of 5.3%, while the goat milk powder international business realized revenue of approximately RMB647 million, representing a significant YoY growth of 68.2%, which maintained a high growth trend. The share of total revenue from the Company's own brand formula goat milk powder business further increased to 17.5%.According to the announcement, the Middle East region has continued to show solid growth momentum in 2024; the CIS market achieved high double-digit growth; and a milestone breakthrough was achieved in the first year of the launch of Kabrita’s goat IMF in the U.S. market. Through the dual-track strategy of “online precise promotion + offline channel expansion”, Kabrita quickly grabbed the top category seller on the Amazon platform and was awarded the “Best Goat Milk Baby Formula Product” in the US. Ausnutria said in the announcement that with more and more medical professionals and professional organizations further recognizing the value of goat milk, North America is expected to become another strategic growth pole after the Middle East. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Berberine Ursodeoxycholate (HTD1801) Consistently Demonstrates Comprehensive Benefits for Patients with Type 2 Diabetes Mellitus, Approaching NDA ACN Newswire

Berberine Ursodeoxycholate (HTD1801) Consistently Demonstrates Comprehensive Benefits for Patients with Type 2 Diabetes Mellitus, Approaching NDA

HONG KONG, Apr 15, 2025 - (ACN Newswire via SeaPRwire.com) - HighTide Therapeutics, Inc. (2511.HK), a clinical-stage biopharmaceutical company specializing in the development of multifunctional, multi-targeted therapies for chronic liver and metabolic diseases, today announced that two Phase 3 trials (SYMPHONY 1 and SYMPHONY 2) of berberine ursodeoxycholate (HTD1801) in Chinese patients with type 2 diabetes mellitus (T2DM) met their primary endpoints and gated secondary endpoints.The results of these two Phase 3 clinical trials provide robust evidence that HTD1801 delivers comprehensive benefits for patients with T2DM. Based on these highly positive read-outs, HighTide plans to submit a new drug application (NDA) for HTD1801 as a treatment for T2DM to the Center for Drug Evaluation (CDE) of China's National Medical Products Administration (NMPA) later this year.SYMPHONY 1 (NCT06350890) and SYMPHONY 2 (NCT06353347) are randomized, double-blind, placebo-controlled, Phase 3 clinical trials designed to evaluate the efficacy and safety of HTD1801 in adults with T2DM and inadequate glycemic control despite using diet and exercise (SYMPHONY 1; N=407) or Metformin (SYMPHONY 2; N=549). The primary endpoint in both studies was the change in HbA1c from baseline with HTD1801 compared to placebo after 24 weeks of treatment. Gated secondary endpoints included the percentage of subjects achieving HbA1c
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GA-ASI Inks Collaboration Deal With South Korea’s Hanwha ACN Newswire

GA-ASI Inks Collaboration Deal With South Korea’s Hanwha

SAN DIEGO, CA, Apr 8, 2025 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) and South Korea's Hanwha Aerospace have agreed to collaborate on the development and production of Unmanned Aircraft Systems (UAS) for the global defense market. The joint effort follows the successful completion of a major flight demonstration in 2024 when the two companies launched a GA-ASI MQ-1C Gray Eagle® STOL (GE STOL) UAS from the South Korean Navy's amphibious landing ship ROKS Dokdo (LPH-6111) as it was underway at sea off the coast of Pohang, South Korea.GA-ASI and Hanwha Aerospace collaborated on a historic ship to land flight demonstration using Gray Eagle STOL on Nov. 12, 2024.The demonstration illustrated the ability of the GE STOL to safely operate on many types of aircraft-capable ships, which opens myriad new ways for the U.S. and its allies to use this UAS to support multi-domain operations. It also paved the way for GA-ASI and Hanwha to sign this new agreement to jointly invest in and pursue new UAS business opportunities."We're excited to extend and deepen our business relationship with Hanwha," said GA-ASI CEO Linden Blue, who supervised the November 12, 2024, at-sea demonstration. "Our test flight with Gray Eagle STOL was well-received by the Republic of Korea Navy, and we know Hanwha is ready to invest to grow a UAS business with GA-ASI both in Korea and the U.S."Gray Eagle STOL-which stands for short takeoff and landing-is the only medium-altitude, long-endurance aircraft of its kind with the ability to operate without a catapult or arresting gear from fight deck-equipped warships such as amphibious ships and aircraft carriers. It additionally enables true runway independence by operating from unimproved fields and roads, beaches, parking lots, etc.Hanwha Aerospace plans to invest more than 300 billion KRW (US $203.5M) in the development and production facilities for GE STOL and UAS engines, expand research and development activities, and provide production infrastructure in both South Korea and with GA-ASI in the U.S. This is in addition to GA-ASI's past and ongoing investment in UAS STOL development. Hanwha also plans to create jobs by securing talent in related fields and to foster the domestic (Korean) UAS industry ecosystem by discovering domestic parts and material partner companies. GA-ASI expects the endeavor to create nearly 10,000 jobs based upon the expected sales and support over the next 10 years, and at least 500 jobs in the U.S."Hanwha Aerospace views unmanned systems as a strategic pillar for the future of defense. Through our collaboration with GA-ASI, we aim to strengthen sovereign defense capabilities, expand Korea's presence in the global UAS market, and contribute to a more robust ROK-U.S. alliance, said Dong Kwan Kim, Vice Chairman of Hanwha Group.Previously known as Mojave, Gray Eagle STOL leverages extensive commonality with the well-proven, in-production Gray Eagle 25M airframe to offer a highly capable new aircraft at greatly reduced cost and technical risk compared to a clean-sheet design. Gray Eagle STOL has recorded a number of first-of-their-kind aviation milestones, including the flight from the Dokdo, launch and recovery aboard the British aircraft carrier HMS Prince of Wales (09), live-fire testing at Yuma Proving Ground, Ariz., and several others. Gray Eagle STOL offers international militaries a unique platform: a full-featured medium-altitude, long-endurance UAS with a significant battlefield payload that can take off in short distances from ships, unimproved surfaces, or other highly combat-relevant locations.About Hanwha AerospaceHanwha is South Korea's seventh-largest business group, with innovative businesses in the areas of aerospace & mechatronics, clean energy and ocean solutions, finance, and retail and services. Hanwha Aerospace is a world leader that specializes in the design, development, assembling, and maintaining aircraft gas turbines and engine parts, aircraft components, as well as space systems, guided missile systems, and land and naval weapon systems to include providing highly specialized and dedicated organizational and depot maintenance support across these products. www.hanwha.comAbout GA-ASIGeneral Atomics Aeronautical Systems, Inc. is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle® 25M, MQ-20 Avenger®, XQ-67A, YFQ-42A, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.For more information, visit www.ga-asi.com.Avenger, EagleEye, Gray Eagle, Lynx, Predator, Reaper, SeaGuardian, and SkyGuardian are trademarks of General Atomics Aeronautical Systems, Inc., registered in the United States and/or other countries.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
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U.S. Polo Assn. Unveils Spring-Summer 2025 Collection in Coastal California ACN Newswire

U.S. Polo Assn. Unveils Spring-Summer 2025 Collection in Coastal California

West Palm Beach, FL, Apr 8, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has launched its iconic, sport-inspired Spring-Summer Collection for 2025. This season's release captures the brand's modern, American style against the picturesque landscapes of the beautiful beaches and parks in sunny San Diego, California.U.S. Polo Assn.From the stunning shores of La Jolla to the historic elegance of Balboa Park and the lush greenery at Lakeside Polo Club, these iconic locations perfectly frame the Spring-Summer 2025 Collection. This seasonal launch also features the exciting 135th Anniversary Collection, which celebrates the brand's namesake and sport inspiration, the USPA."Each collection created by the U.S. Polo Assn. Global Design Team builds on our deep-rooted history in the sport of polo, while pushing the boundaries of creativity for the brand," said J. Michael Prince, President and CEO of USPA Global, the company which manages and markets the global, multi-billion-dollar U.S. Polo Assn. brand. "This season's collection underscores our commitment to timeless style and our dedication to delivering sport-inspired apparel that honors our brand's legendary heritage and excites our consumers and sports fans around the world."The U.S. Polo Assn. Spring-Summer 2025 Collection, photographed along the stunning California coast, features a sophisticated and colorful palette of pastels and vibrant hues. Both models and polo players showcase a variety of warm-weather fabrics, including breathable linens, soft terry, and lightweight knits, ideal for the changing of the seasons. Pops of color combined with versatile textured fabrics can be seen in U.S. Polo Assn.'s newest fashions, such as stylish polo shirts, comfortable denim, and soft, seasonal dresses. Bold, colorful stripes are featured throughout the collection in unique color combinations alongside vibrant accessories, such as fashionable footwear, on-trend eyewear, and chic crossbody bags."The U.S. Polo Assn. Spring-Summer 2025 Collection is focused on both style and comfort, using high-quality materials and detailed designs that consumers can easily add to their wardrobes as they transition from cool weather to warm temperatures," said Jessica Ramesberger, Executive of Merchandising and Design for U.S. Polo Assn. "Our latest Collection delivers fun, functional, and stylish pieces for the whole family this season."U.S. Polo Assn. is also proud to launch the brand's 135th Anniversary Collection in Spring 2025. The limited-edition collection celebrates the brand's extensive heritage and legacy in the sport of polo. This distinctive Capsule Collection features apparel and accessories that highlight U.S. Polo Assn.'s long-standing, classic American style and the brand's signature red, white, and blue stripe."San Diego's laid-back vibe, with its sunny skies and sandy beaches, perfectly captures the spirit of our Spring-Summer 2025 Collection, which includes pieces from our iconic 135th Anniversary Collection," said Stefanie Coroalles, VP Global Marketing for USPA Global. "From the sun-soaked beaches of La Jolla to the timeless allure of Balboa Park and the lively backdrop of Lakeside Polo Club, the locations we selected for our photo shoot emphasized the sporty, fun, and casual vibe of our latest designs.""These one-of-a-kind settings not only reflect the relaxed, yet adventurous California lifestyle but also align perfectly with our brand's commitment to combining great style with comfort and accessibility," Coroalles added.Known worldwide for its authentic, sport-inspired style, the U.S. Polo Assn. Spring-Summer 2025 Collection stays true to the brand's identity with timeless, classic-American staples. The Collection also includes items with certain attributes that are part of the U.S. Polo Assn. global sustainability program, USPA Life. Encouraging everyone to "Play Your Part," this program embodies the brand's commitment to environmental and social responsibility by aligning with sustainable development goals to ensure a positive impact on people, products, and the planet. Apparel and accessories for men, women, and children in the Spring-Summer 2025 Collection are available in U.S. Polo Assn. stores and online globally.About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in North America, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn.USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.Additional high-resolution images available on request.Contact InformationKaela DrakePR & Communications Specialistkdrake@uspagl.com+001.561.461.8596Stacey KovalskyVice President, Global PR and Communicationsskovalsky@uspagl.com+001.561.790.8036SOURCE: U.S. Polo Assn. Copyright 2025 ACN Newswire via SeaPRwire.com.
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GA-ASI Expands Targeting Capability for MQ-9B SeaGuardian(R) ACN Newswire

GA-ASI Expands Targeting Capability for MQ-9B SeaGuardian(R)

SAN DIEGO, CA, Apr 7, 2025 - (ACN Newswire via SeaPRwire.com) - General Atomics Aeronautical Systems, Inc. (GA-ASI) has demonstrated software that will provide in-flight target updates that will enable the MQ-9B SeaGuardian® Unmanned Aircraft System (UAS) to close gaps on maritime targets. In a recent ground test, GA-ASI demonstrated the ability to send sensor data to the missile via Link 16 messaging. The software, part of General Atomics' Quadratix software enterprise, was validated in a Systems Integration Lab and is gearing up for a live-fire demonstration later this year."We continue to build on the innovative capabilities of SeaGuardian for the U.S. Navy," said GA-ASI President David R. Alexander. "The targeting we've demonstrated will be especially valuable in contested environments, enabling an unmanned asset like SeaGuardian to be used for higher-risk missions instead of putting manned assets at risk."Being able to fire and use SeaGuardian for targeting will significantly enhance the aircraft's mission set. GA-ASI first showcased its targeting capability for SeaGuardian during the U.S. Navy's Rim of the Pacific (RIMPAC) 2024.SeaGuardian is a maritime derivative of GA-ASI's MQ-9B SkyGuardian® and remains the first UAS to offer multi-domain Intelligence, Surveillance, Reconnaissance, and Targeting (ISR&T) as an internal payload that can search the ocean's surface and its depths in support of Fleet Operations.With strong demand already in place, GA-ASI anticipates increasing interest in the MQ-9B SeaGuardian because it delivers high-end maritime capabilities at a significantly lower cost than traditional manned maritime platforms.About GA-ASIGeneral Atomics Aeronautical Systems, Inc. is the world's foremost builder of Unmanned Aircraft Systems (UAS). Logging more than 8 million flight hours, the Predator® line of UAS has flown for over 30 years and includes MQ-9A Reaper®, MQ-1C Gray Eagle® 25M, MQ-20 Avenger®, XQ-67A, YFQ-42A, and MQ-9B SkyGuardian®/SeaGuardian®. The company is dedicated to providing long-endurance, multi-mission solutions that deliver persistent situational awareness and rapid strike.Contact InformationGA-ASI Media Relationsasi-mediarelations@ga-asi.com(858) 524-8101SOURCE: General Atomics Aeronautical Systems, Inc. Copyright 2025 ACN Newswire via SeaPRwire.com.
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The 3rd InnoEX officially kicked off today with the low-altitude economy taking centre stage ACN Newswire

The 3rd InnoEX officially kicked off today with the low-altitude economy taking centre stage

- The 3rd InnoEX, themed “Innovate-Automate-Elevate”, opens today and runs for four days- The exhibition focuses on low-altitude economy, smart mobility, AI, robotics and cybersecurity, showcasing intelligent solutions to address industry pain points and unlock new business opportunities- The Smart Hong Kong Pavilion, established by the Digital Policy Office, features over 100 innovative projects- The 21st Hong Kong Electronics Fair (Spring Edition), held alongside InnoEX, spotlights smart home, health tech and wearable devicesHONG KONG, Apr 13, 2025 - (ACN Newswire via SeaPRwire.com) - The 3rd InnoEX, co-organised by the Innovation, Technology and Industry Bureau of the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), opened today (13 to 16 April) at the Hong Kong Convention and Exhibition Centre and held concurrently with the 21st Hong Kong Electronics Fair (Spring Edition) (EFSE). The two exhibitions feature more than 2,800 exhibitors from 29 countries and showcase intelligent solutions to address industry pain points and unlock new business opportunities. Professionals from the innovation and technology sector, investors, trade buyers and end users from various industries including SMEs are invited to visit and source.InnoEX and the EFSE are the highlight events of the Business of Innovation and Technology Week (BIT Week). During the opening ceremony of BIT Week, Paul Chan, Financial Secretary of the HKSAR Government, gave opening remarks while Margaret Fong, HKTDC Executive Director, gave a welcome speech. Margaret Fong said, “BIT Week is more than just a series of events, but a testament to Hong Kong’s role as an international innovation and technology (I&T) hub. Hong Kong’s strategic location, world-class infrastructure, and business-friendly environment make it an ideal destination for cutting-edge research, investment, and entrepreneurship.Margaret Fong also mentioned that this year’s InnoEX has over 500 exhibitors from 17 countries and regions, representing a diverse lineup of world-class innovators, R&D centres, and technology pioneers. Japan, Thailand and the UK have expanded their participation, and welcomes first-time participation from Australia, Luxembourg, Malaysia, Sweden and the UAE, enhancing the international stature of the fair. Alongside InnoEX is the EFSE which is showcasing the latest in consumer electronics to international buyers.InnoEX spotlights Mainland China low-altitude economy solutions and roboticsInnoEX and the EFSE bring together pavilions and exhibitors from Hong Kong, Mainland China, Macao and other regions across Asia—including ASEAN members, as well as the Middle East, Europe, the Americas, Africa and Oceania.InnoEX focuses on the most popular and anticipated technology fields in the market, covering areas such as the low-altitude economy, smart mobility, AI, robotics, and cybersecurity, showcasing various smart solutions.Paul Chan, Financial Secretary of the HKSAR Government and Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government visited exhibitors at InnoEX and showed their support. Professor Sun Dong also hosted the InnoEX welcome dinner last night, attended by exhibitors, buyers and industry representatives.As Hong Kong is actively developing the low-altitude economy, InnoEX brings several rapidly developing drone and aerial car companies to showcase their solutions. Among them is Shanghai-based Vertaxi (Booth: 3B-B02A), whose drones have supported flood relief operations in Mainland China. Sichuan-based Aerofugia (Booth: 3B-B03) also introduces its electric aerial car in InnoEX.In terms of smart mobility, Hong Kong’s Novautek Autonomous Driving Limited (Booth 3E-B11) presents an unmanned vehicle capable of delivering food and parcels, even in adverse weather and on steep slopes.The use of artificial intelligence has become widespread and across various industry sectors. Cyberport has brought TradeMonday (Booth 3D-A01) to demonstrate a data analytics platform for the retail sector, helping SMEs gather competitors’ intelligence and refine market strategies.Demonstrating the rapid advancement of robotics, Guangdong pavilion’s High Torque (Booth: 3E-B01) unveiled a 10kg humanoid robot that can walk, jump and overcome obstacles. Universities use this robot for hands-on programming training, helping students develop coding skills.As Cybersecurity is becoming increasingly important, Hong Kong exhibitor Tradelink Electronic Commerce Limited (Booth: 3E-B09) offers a deepfake-detection solution capable of exposing face-swap and voice-mimicry scams with 98% accuracy.The Smart Hong Kong Pavilion, set up by the Digital Policy Office, focuses on data-driven and AI applications, featuring over 100 projects that impact daily life. Highlights include solutions from 20 government bureaux and departments and award-winning entries from innovation competitions. Among them is the Architectural Services Department’s “Wall Climbing Robot”, which navigates rough and glass surfaces to conduct facade inspections safely and accurately, eliminating the personnel risks associated with high-altitude work.Hong Kong Science and Technology Parks Corporation (HKSTP) has 16 park companies at the HKSTP pavilion across three industry fields, namely AI & Data, Digital Transformation, and Micro-Electronics & Sustainable Technology. Highlighted innovations include Green Vigor’s patented Hydro Power Intelli-Recycle, which recycles unused energy from water supply systems in buildings and converts it into renewable energy. Additionally, there are eight HKSTP park companies joining EFSE.InnoEX features four themed days, each with forums and seminars on hot technology topics. The theme day today (13 April) is on the low-altitude economy and technology-driven economy. The Tech-Driven Industry and Economy Conference, presented by the HKSAR Government's Office for Attracting Strategic Enterprises, centred on the theme “Empowering Industry for a Connected Global Economy”, and Professor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, gave the opening speech. The conference invited government officials and industry experts to discuss how policies help foster industrial development, drive innovation and support sustainable growth, and share successful global practices and emerging trends.The other themed days of InnoEX include AI and Robotics Technology (14 April) and Cybersecurity (15 April) while the last day (16 April) will focus on Solutions for SMEs, with government departments and several technology solution providers introducing government support programs and innovative solutions to assist SMEs in their development. EFSE brings cutting-edge productsRunning alongside InnoEX, the 21st EFSE continues under the theme “World’s Leading Electronics Marketplace”, with a focus on smart home, health tech and wearable devices.In the smart home sector, local exhibitor Tuya (Booth: 1B-F02) has partnered with major appliance brands to enable seamless interconnectivity across smart home ecosystems, allowing users to control appliances from different brands via a single app.In the field of health tech and wearable devices, Mainland China exhibitor Shenzhen Minew Technologies (Booth: 5E-E20) will showcase an electronic bedside tag for hospitals that displays patient conditions and medication schedules, with data updated centrally to reduce manpower needs and minimise errors.Returning this year, the Digital Entertainment Experiential Zone offers e-sports and interactive gaming experiences—including boxing, rowing and sailing simulations—for participants and buyers.The key event of EFSE, the Tech Trends Symposium, will take place tomorrow under the theme of "AI on the Go: A New Era of Intelligent Wearable Electronics". The symposium will feature industry leaders sharing how smart glasses, rings and other wearables integrate AI to reshape work and life.BIT Week brings exciting eventsInnoEX and the EFSE are the core events of BIT Week, driven by the HKSAR Government’s Innovation, Technology and Industry Bureau and the HKTDC. Other highlights of BIT Week include the recently concluded Smart Lighting Expo and Hong Kong Web3 Festival, as well as the 2nd Hong Kong World Youth Science Conference, which also opened today at the Hong Kong Convention and Exhibition Centre. The conference brings together top experts—including Nobel Prize winning scholars—to discuss frontier topics across innovation and science.Additionally, the World Internet Conference designated Hong Kong for the first time to host the Asia-Pacific Summit, which begins tomorrow at the Hong Kong Convention and Exhibition Centre. The two-day event is expected to attract over 1,000 participants from around the world to explore the latest trends in AI, digital finance, digital government and smart living, creating synergies with other BIT Week events.Photo download: https://bit.ly/4jcP3YkThe 3rd InnoEX, co-organised by the Innovation, Technology and Industry Bureau of the HKSAR Government and the HKTDC, opened today under the theme “Innovate-Automate-Elevate”, and is being held concurrently with the 21st Hong Kong Electronics Fair (Spring Edition), organised by the HKTDC. Both will be held over four daysPaul Chan (centre), Financial Secretary of the HKSAR Government; Xu Xiaolan (fourth left), Member of the Standing Committee of the 14th National Committee of CPPCC; Zhao Yan (third right), Vice Governor of Jiangsu Provincial People’s Government; Professor Sun Dong (third left), Secretary for Innovation, Technology and Industry of the HKSAR Government; Dr Peter KN Lam (fourth right), Chairman of the HKTDC; Margaret Fong (second right), the Executive Director of the HKTDC, along with other guests, attended the Opening Ceremony of BIT WeekPaul Chan, Financial Secretary of the HKSAR Government, delivers opening remarks at the opening ceremony of BIT WeekProfessor Sun Dong, Secretary for Innovation, Technology and Industry of the HKSAR Government, delivers opening remarks at the inaugural Tech-Driven Industry and Economy ConferenceDr Peter KN Lam, Chairman of the HKTDC, and Margaret Fong, Executive Director of the HKTDC, accompanied Xu Xiaolan, member of the Standing Committee of the 14th National Committee of the Chinese People's Political Consultative Conference, on a tour of the exhibitionThe Smart Hong Kong Pavilion at InnoEX, established by the Digital Policy Office, allows participants to gain in-depth understanding of the latest developments in the government's and industry's efforts to promote Hong Kong's smart city developmentInnoEX presents a range of low-altitude economy solutions, such as drones and aerial vehiclesThe exhibition has attracted pavilions from Canada and the United Kingdom, and also the French 'So French So Innovative' pavilion (picture), which showcases some 30 innovation and technology enterprises from FranceThe 21st EFSE is held concurrently, featuring numerous exhibitors showcasing innovative smart home products, health tech, and wearable devicesWebsitesInnoEX: innoex.hktdc.com/enHong Kong Electronics Fair (Spring Edition): hkelectronicsfairse.hktdc.com/enMedia enquiriesYuan Tung Financial Relations:Salina ChengTel: (852) 3428 2362Email: salcheng@yuantung.com.hkHing-fung WongTel: (852) 3428 3122Email: hfwong@yuantung.com.hkHKTDC’s Communications & Public Affairs Department:Sharon HaTel: (852) 2584 4575Email: sharon.mt.ha@hktdc.orgJohnny TsuiTel: (852) 2584 4395Email: johnny.cy.tsui@hktdc.orgClayton Lauw Tel: (852) 2584 4472Email: clayton.y.lauw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. Copyright 2025 ACN Newswire via SeaPRwire.com.
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U.S. Polo Assn. Celebrates Launch of Field X Fashion, Issue 2, Brand’s Award-Winning Global, Digital Magazine Celebrating Sport and Fashion ACN Newswire

U.S. Polo Assn. Celebrates Launch of Field X Fashion, Issue 2, Brand’s Award-Winning Global, Digital Magazine Celebrating Sport and Fashion

West Palm Beach, FL, Apr 10, 2025 - (ACN Newswire via SeaPRwire.com) - U.S. Polo Assn., the official brand of the United States Polo Association (USPA), proudly announces the launch of Field X Fashion, Issue 2, the global brand's annual digital magazine. This award-winning magazine, available both online and in a coffee-table printed edition, is being shared worldwide, offering millions of loyal customers, sports fans, influencers, and partners an immersive glimpse into the sport and fashion world of U.S. Polo Assn.U.S. Polo Assn.Field X Fashion covers a wide range of content, including global polo sporting events, seasonal global product and photoshoot collections, sustainability initiatives, influencer events around the world, philanthropy, and significant brand achievements from 2024. Field X Fashion, Issue 2 also teases the forthcoming 135th Anniversary celebrations of U.S. Polo Assn. in 2025, promising some of the brand's best content from around the world, all in one place."Field X Fashion is an important way to engage and thank our global consumers and sports fans spanning 190 countries worldwide by sharing the rich heritage and events that define U.S. Polo Assn.," said J. Michael Prince, President and CEO of USPA Global, the company that manages the multi-billion-dollar U.S. Polo Assn. brand. "Field X Fashion is not just a publication, but an immersive way to look into the expansive universe of our brand and sport, highlighting our authentic connection to the sport of polo, our timeless fashion, and our global influence.""We are thrilled to offer this award-winning blend of content, as well as our 135th Anniversary teaser, to our fans and consumers around the world," he added.Field X Fashion has been celebrated as a 2023 Merit Award Gold winner in the Outstanding Publication/Communications category, designed to recognize the efforts put forth by global industries and the markets they serve. The Merit Awards acknowledge companies that have contributed to the continued growth of the market worldwide, with judges including respected journalists, executives, consultants, entrepreneurs, educators, and the Merit Awards staff.Customers, sports fans, influencers, and partners of the brand can now experience the digital version of Field X Fashion, Issue 2, on uspoloassnglobal.com. Since the magazine's inception in 2023, U.S. Polo Assn. commits to continuing this annual tradition, bringing new and exciting updates, stories, and collections to its loyal audience every year.About U.S. Polo Assn. and USPA GlobalU.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in North America, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,200 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.For more information, visit uspoloassnglobal.com and follow @uspoloassn. USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.Contact InformationStacey KovalskyVice President, Global PR and Communicationsskovalsky@uspagl.com+001.561.790.8036Kaela DrakePR & Communications Specialistkdrake@uspagl.com+001.561.461.8596SOURCE: U.S. Polo Assn. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Global strategic speakers confirmed to accelerate energy transformation at Japan Energy Summit & Exhibition 2025 ACN Newswire

Global strategic speakers confirmed to accelerate energy transformation at Japan Energy Summit & Exhibition 2025

Japan Energy Summit & Exhibition 2025 to convene world-class speaker faculty of global, regional and domestic energy leaders in Tokyo from 18–20 JuneStrategic Summit agenda to address key topics, including; LNG security, decarbonisation, hydrogen and ammonia market growth, carbon pricing, and clean energy investmentSpeaker line-up includes leadership from Shell, JERA, METI, Tokyo Gas, Chiyoda Corporation, Petronas, Mitsubishi Corporation and moreProgramme highlights include high-level CEO dialogues, policy roundtables, and investor-led sessions shaping the future of Japan’s energy system and of the wider regionTOKYO, Apr 9, 2025 - (ACN Newswire via SeaPRwire.com) - From 18 to 20 June 2025, the Japan Energy Summit & Exhibition will return to Tokyo Big Sight, convening global energy leaders, influential policymakers, and industry executives to advance Japan’s energy transition, investment landscape, and strategic role in the global energy system. Co-hosted by JERA and Tokyo Gas, this high-level platform will once again provide critical insight into the country’s evolving energy strategy under the Seventh Strategic Energy Plan.Held amid rising global energy demand, increasing geopolitical complexity and intensifying decarbonisation targets, Japan’s flagship energy platform will address the dual imperatives of energy security and sustainability. This year’s Summit will provide a critical forum to examine solutions that advance clean energy adoption, enable resilient infrastructure, and foster international cooperation.Confirmed speakers include:Wael Sawan, CEO, Shell PlcYoshinori Kanehana, Chairman of the Board, Kawasaki Heavy IndustriesKoji Ota, President & CEO, Chiyoda CorporationJeong-Joon Yu, Vice Chairman, SK Group & CEO, SK OnAnatol Feygin, EVP & CCO, Cheniere Energy Inc.Allyson Anderson, Chief Sustainability Officer, Baker HughesHitoshi Kaguchi, Senior EVP and CEO of GX Solutions, Mitsubishi Heavy IndustriesMichèle Azalbert, Chief Hydrogen Officer, GentariPhil Caldwell, CEO, Ceres PowerJooho Whang, President & CEO, Korea Hydro & Nuclear Power (KHNP)Yumiko Yao, Executive Officer, Tokyo GasIsao Takahashi, SVP, Innovation Division, INPEX CorporationHiroshi Okamoto, EVP & CTO, TEPCO Power GridTatsuya Terazawa, Chairman & CEO, IEEJGovernment officials from METI, MLIT, and Thailand’s Energy Regulatory CommissionThe Strategic Summit programme will feature thematic discussions on:Energy Security and LNG Supply Stability – Ensuring procurement resilience, infrastructure development, and supply diversification.Hydrogen and Ammonia Market Development – Scaling deployment through enabling policy frameworks, capital mobilisation, and regional cooperation.Carbon Pricing and Emissions Trading – Evaluating regulatory and market-driven models for decarbonisation.Financing the Energy Transition – Unlocking investment for infrastructure, renewables, and low-carbon technologies.Running in parallel, the Technical Conference will convene engineers, project developers, and R&D leaders to present practical solutions on wide-ranging topics including; grid digitalisation, battery technologies, carbon capture and storage, and next-generation nuclear systems.The Climatetech Theatre, a dedicated platform within the exhibition, will host expert-led panels on scaling renewable energy integration, evaluating the commercial viability of fusion energy, and advancing CCUS technologies. In addition, the Energy Innovators Challenge will cast a spotlight on breakthrough ideas and start-up solutions, addressing some of the most urgent challenges in the global energy transition.While the content stages bring together industry leaders, policymakers, technical experts, and innovators for high-level dialogue, the exhibition is where strategy is translated into implementation. Serving as a dynamic international platform, it showcases the technologies, infrastructure, and services critical to delivering Japan’s energy transformation. With participation from leading companies including Aramco Gas, ADNOC, Chevron, JOGMEC, JERA, Tokyo Gas, Engie, Ebara Corporation, Kraken Technologies and Cheniere, the exhibition floor will highlight market-ready innovations across LNG infrastructure, hydrogen and ammonia deployment, renewable systems, carbon management, and digital solutions, reinforcing Japan’s position at the forefront of energy security, decarbonisation, and clean technology investment.For more information or to register for Japan Energy Summit & Exhibition 2025, please visit: www.japanenergyevent.com About dmg eventsHeadquartered in Dubai, United Arab Emirates since 1989, with offices in Canada, Egypt, Nigeria, Saudi Arabia, Singapore, South Africa, Thailand and the United Kingdom, dmg events is an international exhibitions, conference and intelligence company, attracting more than 1 million attendees to a portfolio of over 80 events each year. This global portfolio works closely with key stakeholders across the industry to facilitate pragmatic dialogue, serving as platforms for the latest discussions at the forefront of change. For more information visit www.dmgevents.com. Media contact:Eileen TanSenior Marketing ManagerE: eileentan@dmgevents.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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analytica Vietnam 2025 Opens Tomorrow: The Leading Laboratory Exhibition Returns to Vietnam ACN Newswire

analytica Vietnam 2025 Opens Tomorrow: The Leading Laboratory Exhibition Returns to Vietnam

HO CHI MINH CITY, VIETNAM, Apr 1, 2025 - (ACN Newswire via SeaPRwire.com) - analytica Vietnam 2025, Vietnam’s premier international trade fair for laboratory technology, analysis, biotechnology, and diagnostics, will officially open tomorrow at the Saigon Exhibition and Convention Center (SECC). Running from 2-4 April 2025, this highly anticipated exhibition promises to showcase groundbreaking innovations, cutting-edge technologies, and a dynamic conference program, bringing together over 300 exhibitors from 18 countries.Endorsed by the Ministry of Science and Technology in Vietnam and supported by the National Agency for Science and Technology Information and Statistics (NASTIS), the Center for Science and Technology Information (CESTI), the Key Laboratory of Analytical Technology for Environmental Quality and Food Safety Control (KLATEFOS), VNU, the Federal Ministry for Economic Affairs and Climate Action of Germany, and the Association of Small & Medium Enterprises (Singapore), analytica Vietnam continues to grow as the most influential laboratory event in Southeast Asia.In response to growing demand and expanding participation, analytica Vietnam introduces Hall A2 for the first time this year, adding 7,000 sqm of exhibition space in total, alongside the existing Hall A1. This expansion accommodates more exhibitors and innovations, reinforcing the event’s status as Southeast Asia’s leading laboratory exhibition.A Platform for Global Collaboration in the Laboratory Sector“The expansion with the new exhibition hall reflects our ongoing commitment to supporting the growth of the laboratory industry and fostering international collaboration,” said Mr. Michael Wilton, CEO of MMI Asia. “As Vietnam continues to emerge as a global hub for scientific and technological advancements, analytica Vietnam serves as a pivotal gateway for international companies seeking to enter this rapidly growing market, while providing local businesses access to world-class innovations.”This year, analytica Vietnam 2025 will feature an impressive lineup of exhibitors, including global leaders in laboratory technology, biotechnology, and analysis. The German Pavilion, Singapore Pavilion, and China Pavilion will be the largest ever at the event, underscoring the growing international interest in the Vietnamese and Southeast Asian laboratory markets. Additionally, delegations from Vietnam, Laos, Cambodia, Thailand, and Malaysia highlight the exhibition’s expanding international reach and its role as a key facilitator of cross-border partnerships.Pre-Show Press ConferenceBefore the official exhibition opening, a press conference was held on 31 March 2025 at the Crystal Palace Hotel, Ho Chi Minh City, where key industry players and media representatives gathered to discuss the significance of analytica Vietnam 2025.Key speakers included:- Mr. Vu Anh Tuan, Deputy Director, National Agency for Science and Technology Information and Statistics (NASTIS), who delivered the opening remarks, underscoring the event’s role in fostering technological innovation and international collaboration.- Mr. Michael Wilton, CEO of MMI Asia, who provided insights into analytica Vietnam’s evolution, emphasizing its expanding international reach and growing influence within the industry.- Representatives from leading exhibitors including ITS Vietnam, Waters, Kimteco Co., Ltd., and Hoa Viet Co., Ltd., who shared their experiences as returning participants, highlighting the strategic benefits of engaging with analytica Vietnam.Complementing the pre-show activities, analytica Vietnam 2025 organized exclusive Lab Tours on 31 March and 1 April 2025, granting the exhibitors behind-the-scenes access to some of Ho Chi Minh City’s most advanced laboratory facilities. These tours provided a unique opportunity to observe state-of-the-art research, laboratory operations, and cutting-edge technological applications in real-world settings.analytica Vietnam 2025 will feature a host of exciting new additions designed to engage attendees and provide valuable insights into the latest trends and innovations in the laboratory sector:- LIVE LAB: A first for Southeast Asia, the LIVE LAB is a fully operational laboratory integrated into the exhibition floor. Visitors will have the opportunity to witness live demonstrations of laboratory processes, interact with experts, and explore real-world applications of the latest technologies.- Startup Pavilion: Featuring emerging companies in the laboratory space, the Startup Pavilion will highlight new technologies and innovations shaping the future of the sector.- Lab Design and Construction Forum: This forum will delve into sustainable and efficient laboratory infrastructure, offering insights from industry leaders on the future of lab design.- Innovation Zone: A dedicated space showcasing breakthrough technologies transforming laboratory operations and industry practices.- Exclusive Lab Tours: Specially curated behind-the-scenes tours of leading research and testing facilities in Vietnam will offer participants a deeper understanding of local industry advancements.Additionally, the Academic Conference Program, one of the most anticipated segments of analytica Vietnam, will once again feature renowned thought leaders discussing critical industry trends, regulatory developments, and emerging research. Its strong reputation as a knowledge-sharing platform continues to attract top experts and professionals from around the world.Join the Industry’s Most Influential GatheringWith only one day left until the grand opening, excitement is building for analytica Vietnam 2025. The exhibition is set to provide an unparalleled platform for industry professionals, researchers, and business leaders to explore the latest innovations, exchange knowledge, and establish meaningful collaborations.Register now to be part of Vietnam’s premier laboratory technology event. For more details, visit www.analyticavietnam.comAbout analytica Vietnamanalytica Vietnam is the premier trade fair for laboratory technology, analysis, and biotechnology in Southeast Asia. Organized by Messe München, the event brings together industry professionals, researchers, and policymakers to showcase the latest technologies,exchange knowledge, and foster business collaborations. analytica Vietnam features an exhibition, conference, pre-event laboratory tours, buyer-seller programs, and networking opportunities, providing a comprehensive platform for the laboratory and biotechnology industries in the region. The upcoming edition is set to take place from April 2 to 4, 2025 at the SECC – Saigon Exhibition and Convention Center. More details can be found at https://www.analyticavietnam.com/.About analytica worldwideMesse München is the world’s leading trade fair organizer for laboratory technology, analysis and biotechnology. The international network of exhibitions includes analytica, analytica China, analytica Anacon India & India Lab Expo, analytica Vietnam and analytica Lab Africa. Additional information about these exhibitions and their programs of events is available at.About MMI Asia Pte LtdEstablished in 1992, MMI Asia is the wholly owned subsidiary and the regional headquarters of Messe München GMBH (MMG) and is one of the world largest and leading exhibition organizers. MMI Asia’s portfolio of events include editions of worldleading trade fairs from Munich – transport logistic & air cargo, analytica, ceramitec; as well as industry-specific events such as Glasstech and Fenestration Asia, Asia Climate Forum, and Singapore International Water Week. MMI Asia also provides consultancy in professional trade fair and conference management to government bodies, international trade and promotion organizations, and trade associations. For more information, please visit www.mmiasia.comAbout Messe MünchenAs one of the world’s leading trade fair organizers, Messe München presents the world of tomorrow at its about 90 trade fairs worldwide. These include twelve of the world’s leading trade fairs such as bauma, BAU, IFAT, electronica, and ISPO. Messe München’s portfolio comprises trade fairs for capital and consumer goods, as well as for new technologies. Together with its subsidiaries, it organizes trade fairs in China, India, Brazil, South Africa, Turkey, Singapore, Vietnam, Hong Kong, Thailand, and the U.S. With a network of more than 15 affiliated companies and almost 70 representations worldwide, Messe München is active in more than 130 countries. The more than 150 events held annually attract around 50,000 exhibitors and around three million visitors in Germany and abroad.Exhibition Contact:MMI Asia Pte. Ltd.Daniel ShiExhibition Directordaniel@mmiasia.com.sgPress Contact:MMI Asia Pte. Ltd.Joey NgMarketing Executivejoey@mmiasia.com.sg Copyright 2025 ACN Newswire via SeaPRwire.com.
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CISO Indonesia 2025: Elevating Cybersecurity Strategies for a Resilient Digital Future ACN Newswire

CISO Indonesia 2025: Elevating Cybersecurity Strategies for a Resilient Digital Future

JAKARTA, Apr 1, 2025 - (ACN Newswire via SeaPRwire.com) - Corinium Global Intelligence is excited to announce the return of CISO Indonesia 2025, the premier cybersecurity leadership conference, taking place on 28 May 2025 at the Pullman Thamrin CBD Jakarta. This highly anticipated event will serve as a dynamic platform for senior cybersecurity professionals to explore cutting-edge strategies, discuss pressing security challenges, and foster collaboration in an era of rapid digital transformation.With an agenda designed to address the evolving cyber threat landscape, CISO Indonesia 2025 will feature expert insights on:AI in cyber security – Navigating the double-edged sword of AI in cyber security – understanding the profound influence of AI on the offensive and defensive sides of cyber security.Government framework – Aligning cyber security strategies with government regulations and initiatives to effectively safeguard critical digital assets against emerging threats.Resilience for a digital future – Tackling the cyber security challenges related to emerging technologies, IoT, cloud security, and digital transformation in an increasingly connected world.Cyber security leadership – Addressing the talent shortage in cyber security by exploring initiatives to close the talent gap, including how AI can assist in this critical endeavor.Attendees will gain exclusive access to thought-provoking discussions led by over 20 distinguished speakers, representing some of the most influential voices in cybersecurity. The event will offer valuable networking opportunities, hands-on learning sessions, and actionable takeaways to help organisations stay ahead of emerging threats."As cyber threats continue to evolve, staying ahead requires more than just technology—it demands collaboration, knowledge-sharing, and strategic foresight. CISO Indonesia 2025 provides the ideal environment for security leaders to gain insights and forge connections that will help shape the future of cybersecurity,” said Eleen Meleng, Conference Director at Corinium Global Intelligence.This exclusive event is tailored for senior cybersecurity professionals, including CISOs, CIOs, CTOs, IT Directors, and Heads of Information Security from various industries. Those specialising in risk management, compliance, incident response, cloud security, and governance will find unparalleled value in attending.Registrations are now open! Secure your spot today and enjoy 20% off with the special discount code APAC20. Register now at: https://hubs.ly/Q03f2H8n0 . For additional event details, visit: ciso-id.coriniumintelligence.com.About Corinium IntelligenceCorinium Global Intelligence is a global leader in providing conferences, events, and content to the information and technology industries. With a focus on fostering collaboration and innovation, Corinium Global Intelligence brings together industry leaders to share insights, best practices, and strategies for success.For more information, please contactMoira Ungerleider, Marketing Manager at moira.ungerleider@coriniumgroup.com. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Smart Lighting Expo and Spring Lighting Fair attracts some 15,000 global buyers ACN Newswire

Smart Lighting Expo and Spring Lighting Fair attracts some 15,000 global buyers

HONG KONG, Apr 9, 2025 - (ACN Newswire via SeaPRwire.com) - - The 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition) concluded successfully today- The twin fairs attracted some 15,000 buyers from 108 countries and regions, with increased numbers from various markets in Asia, Europe and Latin America- An on-site survey showed that more than half of respondents still anticipate sales rising in the next one to two years- InnoEX and Hong Kong Electronics Fair (Spring Edition) will open on Sunday, 13 April at the Hong Kong Convention and Exhibition CentreHONG KONG, Apr 9, 2025 - (ACN Newswire via SeaPRwire.com) - Organised by the Hong Kong Trade Development Council (HKTDC), the 2nd Smart Lighting Expo and 16th Hong Kong International Lighting Fair (Spring Edition) successfully concluded today. The twin fairs welcomed some 15,000 buyers from 108 countries and regions, with notable growth in buyers from Asia including Indonesia, Korea, Taiwan and Thailand, European countries, such as the Czech Republic, the Netherlands and Poland, as well as from Latin America, including Argentina and Colombia. This participation highlights the prominent role both fairs have as global trading platforms for lighting products.Sophia Chong, Deputy Executive Director of the HKTDC, said: “As the first wave of HKTDC’s four spring tech events in April, the twin lighting fairs showcased the most advanced lighting products and solutions. Hosting various industry seminars and networking events, the fairs served as an ideal platform for professionals to expand their connections and discuss trending market topics, driving industry development in greenovation, healthy lighting, and smart technology. This Sunday, InnoEX and Hong Kong Electronics Fair (Spring Edition) will open for four days, reinforcing Hong Kong's position as a leading, international innovation and technology hub.”Home automation and smart lighting control systems reveal competitive edgeThe HKTDC conducted a survey to gain a deeper understanding of the trends in the lighting industry and surveyed 446 exhibitors and buyers on-site. The results indicate that both buyers and exhibitors are still positive about the economic outlook.Highlighted market outlook and product trends:- Within the next 6 to 12 months, 38.3% of respondents anticipate an increase in overall sales, while 52.2% expect sales to remain stable. Over the next 1 to 2 years, 51.8% expect overall sales to increase, with 39.7% anticipate sales to remain stable.- Respondents consider Taiwan (77.1%), Mainland China (76.2%), Hong Kong (70.6%), Japan (65.8%), and ASEAN countries (63.3%) to be promising or very promising target sales markets for lighting products over the next two years in terms of growth.- In terms of market potential, the most sought-after markets for respondents are Europe (24.2%), Australia and Pacific Islands (17.3%), North America (17.3%), ASEAN countries (13.3%), and Latin America (13.3%).- Respondents identify LED lighting (36.8%), residential lighting (25.1%), and commercial lighting (24.4%) as having the greatest growth potential.- Respondents believe home automation and smart lighting control systems (48.9%), energy-efficient lighting control solutions (39%), and outdoor smart security lighting systems (25.8%) have the most potential for smart lighting products in the next two years.- The survey revealed that consumers would be willing to pay an average 28% more for smart-lighting products.Trade discussions gain positive momentumSmart lighting products and solutions integrating artificial intelligence (AI) and Internet of Things (IoT) continued to be a focal point at the fair. The British brand Limi, participated for the first time in the Spring Lighting Fair and showcased its self-developed AI smart lighting control system. The company’s founder and CEO, Umer Asif stated, “The Spring Lighting Fair is the first international lighting fair we have joined. The fair allows us to introduce our new lighting concept to global buyers and enhance our exposure. We have connected with more than 200 buyers from Hong Kong, Europe, Saudi Arabia and the US. We have had preliminary negotiations with more than 50 potential business partners. We expect the fair to bring in US$40 to US$50 million in sales for the company. Due to the favourable results, we have already reserved a bigger booth at the Autumn Lighting Fair.”The Hall of Aurora at the Spring Lighting Fair featured some 180 elite lighting brands including Hong Kong brand Siki - a renowned lighting brand for Mainland China's catering industry specialising in functional LED lighting products. Ye Chang, General Manager of Liang Owltech Company Limited, said: "To expand into overseas markets and establish Siki as a global brand, we participate annually in the Hong Kong International Lighting Fair. At this year's Spring Lighting Fair, we have met various new buyers from Europe, the Middle East, and Southeast Asia, with some 30 potential clients will place orders, we anticipate order sales to reach US$500,000 to US$1 million.”Smart city initiatives have consistently driven the rapid growth of the smart lighting market. Buyers from Brazil's Azizi are dedicated to sourcing quality lighting products for Brazilian companies and government projects. The company’s CEO and founder, Fábio Oliveira said, “Since 2012, I have actively attended the lighting fairs. At this year's Smart Lighting Expo, I have already identified three potential suppliers for smart controllers needed for a street light project, with orders valued at approximately US$1.2 million. My sourcing journey will also continue through the Click2Match platform, ensuring we stay connected with more suppliers after the fairs."Hungary's Seemis Kft is keen to source lighting products from manufacturers in Mainland China for better quality and prices. The company’s Chief Executive Officer, Magyar Krisztina said, “After attending the meetings arranged via the Click2Match platform, we have found three potential suppliers of track lights, linear lights, tri-proof lights and floodlights from Mainland China. We plan to buy US$150,000 to US$200,000 worth of lighting products at the Spring Lighting Fair.”Under the hybrid EXHIBITION+ model, the twin lighting fairs combined in-person sourcing with online meetings via the HKTDC’s Click2Match smart business-matching platform and hktdc.com sourcing platform. Click2Match will be available until 16 April to facilitate discussions between exhibitors and buyers around the world.April brings a calendar packed with innovation and trade eventsDriven by the Government of the Hong Kong Special Administrative Region’s Innovation, Technology and Industry Bureau and the HKTDC, Business of Innovation & Technology Week (BIT Week) in April 2025 brings together a series of tech-related exhibitions, conferences, seminars, roundtables and networking events in Hong Kong, setting the perfect scene for industry exchanges and cross-disciplinary collaborations. A series of exciting must-attend technology events during the week, include the just-ended Smart Lighting Expo and Hong Kong Web3 Festival, as well as upcoming events starting on Sunday, such as InnoEX, Hong Kong Electronics Fair (Spring Edition), and the Hong Kong World Youth Science Conference.Apart from BIT Week, the HKTDC will also host a series of lifestyle exhibitions later this month, including the Hong Kong Gifts & Premium Fair, Home InStyle, Fashion InStyle, Hong Kong International Printing & Packaging Fair, DeLuxe PrintPack Hong Kong, and Hong Kong International Licensing Show and Asian Licensing Conference, to promote Hong Kong's economic and trade development.Photo download: https://bit.ly/3GcOJtQThe 2nd Smart Lighting Expo and the 16th Hong Kong International Lighting Fair (Spring Edition) concluded successfully today, attracting some 15,000 buyers from 108 countries and regionsThe Greenovation zone debuted at the Spring Lighting Fair, showcasing innovative green lighting products and technologyThe Hall of Aurora at the Spring Lighting Fair featured innovative lighting products and technology from some 180 renowned brandsThe twin lighting fairs have attracted many exhibitors from major international lighting brandsThe Smart Lighting Fair featured group pavilions from Guangdong-Hong Kong-Macao Greater Bay Area, including two new pavilions from Shenzhen and a returning pavilion from ZhongshanThe Asian Lighting Forum took place on 6 April, facilitating the lighting industry to adapt to the latest market standards and illustrate the Environmental, Social, and Governance (ESG) development through case studiesIn the Smart Lighting Solution Forum on 7 April, industry experts presented technological advancements in human-centric lighting and comprehensive intelligent customised lighting application across different scenariosFair websitesSmart Lighting Expo: smartlightingexpo.hktdc.comHong Kong International Lighting Fair (Spring Edition): hklightingfairse.hktdc.comHKTDC Media Centre: https://mediaroom.hktdc.com/enMedia enquiriesPlease contact HKTDC’s Communication & Public Affairs Department:Stanley SoTel: (852) 2584 4049Email: stanley.hp.so@hktdc.orgSerena CheungTel: (852) 2584 4272Email: serena.hm.cheung@hktdc.orgClayton LauwTel: (852) 2584 4472Email: clayton.y.lawuw@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Copyright 2025 ACN Newswire via SeaPRwire.com.
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Trading Nations Global Releases Transformative White Paper: Empowering a Quantum-Resilient Future Through Collaboration ACN Newswire

Trading Nations Global Releases Transformative White Paper: Empowering a Quantum-Resilient Future Through Collaboration

ATLANTA, GA, Apr 8, 2025 - (ACN Newswire via SeaPRwire.com) - Today marks a pivotal moment in the evolution of global infrastructure as Trading Nations Global officially releases its highly anticipated white paper: Empowering a Quantum-Resilient Future Through Collaboration. This visionary document lays the foundation for a digitally sovereign, quantum-ready world—one powered by decentralized cooperation, green technology, and AI-enabled infrastructure.In an age defined by uncertainty and fragmentation, Trading Nations Global is catalyzing a new era of digital diplomacy and sustainable innovation. Through a robust network of ambassadors spanning 16 global regions, the organization is coordinating the rollout of Regional Centers of Excellence (RCoEs)—localized, sovereign cloud hubs designed to secure data, enable AI, and operate autonomously through renewable energy.“We are not just imagining the future—we are actively building it,” said Earl Q. Davis, founder of Trading Nations Global.“This white paper is a call to unite governments, enterprises, and innovators around a shared infrastructure built for resilience, sovereignty, and sustainability.” said Michael E. Kempton, CEO, Trading Nations Global.Key Insights from the White Paper:Quantum-Resilient Infrastructure: RCoEs are fortified with post-quantum cryptography and tamper-proof digital lineage tracking to future-proof global data flows.Sovereign Cloud Ecosystem: Powered by the Vogon Cloud and the Distributed Quantum Ledger Database (DQLDB), this infrastructure allows for secure, low-latency, and borderless collaboration.Sustainability by Design: Each center is energy-autonomous, running on solar, wind, and hydrogen captured from ambient air—marking a shift toward truly off-grid operations.Partnership-Driven Deployment: Co-selling with Managed Service Providers (MSPs) ensures scalable, regionally tailored implementation with shared revenue models.Community-Led Governance: Infrastructure decisions are made locally, preserving cultural integrity, compliance, and trustImpactful Goals:In the next 12 months: Deploy RCoEs in all 16 regions and onboard over 500 organizations to the Vogon Cloud.By year two: Launch federated AI systems and establish Quantum Digital Asset governance.In the long term: Build a global mesh of quantum-sovereign nodes that power a post-silicon digital economy.This white paper presents not only a roadmap but a rallying point for global actors ready to transcend outdated paradigms. The Trading Nations framework balances high-tech resilience with ethical and equitable design principles—offering a scalable alternative to centralized digital monopoliesJoin the MovementTrading Nations Global is actively welcoming new coalition members—governments, technologists, businesses, and citizens—ready to co-create a secure and sustainable digital future.Read the full white paper and become part of the future today: www.tradingnations.cloud/docs/trading-nations-global-white-paper.pdfAbout Trading Nations GlobalTrading Nations Global is a pioneering global association committed to deploying quantum-resilient, community-led infrastructure that powers secure, interoperable, and sustainable digital economies. With a global footprint and an unwavering commitment to digital sovereignty, Trading Nations Global is building the backbone of tomorrow’s trade and governance. For more information, visit www.tradingnations.cloud/.Media Contact:AmplifiX / PlatodataBryan FeinbergZephyr@platodata.io Copyright 2025 ACN Newswire via SeaPRwire.com.
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3rd ASEAN Procurement Innovation Summit & Awards 2025 – The Next Frontier in Procurement Excellence ACN Newswire

3rd ASEAN Procurement Innovation Summit & Awards 2025 – The Next Frontier in Procurement Excellence

KUALA LUMPUR, Apr 9, 2025 - (ACN Newswire via SeaPRwire.com) - The 3rd ASEAN Procurement Innovation Summit & Awards (APIS) 2025 is set to redefine the future of procurement by bringing together industry leaders, policymakers, and innovators to tackle the most pressing challenges and opportunities shaping the procurement landscape. Taking place on June 17-18, 2025, in Kuala Lumpur, Malaysia, this premier event will explore how procurement can drive innovation, sustainability, and digital transformation in an era of global disruptions and economic uncertainty.Procurement today is not just about cost control—it’s about strategic value creation, resilience, and technological innovation. As ASEAN economies push toward greater transparency, accountability, and efficiency, APIS 2025 will address how procurement can lead the way in reshaping supply chains, achieving ESG goals, and leveraging digital tools to enhance decision-making.Key Themes Include:Digital Procurement & AI: The role of AI, blockchain, and automation in transforming procurement processes.Supply Chain Resilience: Strategies for mitigating risks amid geopolitical and economic uncertainty.Sustainable & ESG-Driven Procurement: How to integrate ESG without compromising profitability.Future of Procurement Talent: Developing leadership and digital skills for the next-generation workforce.Procurement Intelligence & Value Creation: Leveraging data-driven insights for smarter procurement decisions.Technology & Governance: Ensuring accountability while adopting cutting-edge procurement technologies.Why Attend?APIS 2025 is more than just a conference—it’s a hub for procurement leaders to connect, collaborate, and shape the future. Attendees will benefit from:Exclusive Networking: Meet 50+ top procurement professionals, innovators, and decision-makers.Actionable Strategies: Gain insights into procurement best practices that can be implemented immediately.Thought Leadership: Learn from an esteemed lineup of keynote speakers driving procurement transformation.Future-Focused Discussions: Discover the latest trends, technologies, and strategies shaping procurement.Keynote SpeakersAPIS 2025 will feature an exceptional lineup of speakers, including:Dr. Christina Ooi – Former Chief Procurement Officer, APAC, Procurement ExpertLuke Kenny – CEO, Local Government ProcurementJonathan Cheung – General Manager APAC, The Chartered Institute of Procurement & Supply (CIPS)Gordon Donovan – Vice President Research, Procurement & External Workforce, SAPMathew Baldwin – Partner, Digital Economy, AshurstJuan Ignacio D’Altri – Advisor, Saudi AramcoSessions & DiscussionsAPIS 2025 will offer a diverse range of expert-led sessions, covering topics such as AI-powered procurement, supply chain innovation, ESG compliance, and governance in procurement. Each session is designed to equip attendees with practical insights and solutions to transform procurement operations and drive long-term business growth.ConclusionAPIS 2025 is a must-attend event for procurement professionals, industry leaders, and innovators looking to stay ahead in the fast-evolving procurement landscape. Join us in Kuala Lumpur to explore cutting-edge innovations, engage with procurement visionaries, and gain the tools needed to elevate procurement excellence across ASEAN.The ASEAN Procurement Innovation Summit & Awards (APIS) 2025 is organized by CT Event Asia, a leading provider of high-level industry events focused on innovation, procurement, and business transformation. With a mission to foster collaboration and drive impactful conversations, CT Event Asia connects procurement leaders, industry experts, and decision-makers to address the most critical challenges shaping the future of procurement.For more information, please contact:Amina KanteSenior Marketing ManagerCT Event AsiaPhone: +601161888699Email: aminak@cteventasia.com Website: https://www.aseanprocurementsummit.com/requestRegistration: www.aseanprocurementsummit.com/request Copyright 2025 ACN Newswire via SeaPRwire.com.
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SinoMab BioScience Limited Breakthrough Phase 1b POC Results for SM17 in Atopic Dermatitis ACN Newswire

SinoMab BioScience Limited Breakthrough Phase 1b POC Results for SM17 in Atopic Dermatitis

HONG KONG, Apr 9, 2025 - (ACN Newswire via SeaPRwire.com) - SinoMab BioScience Limited (Stock Code: 3681.HK, “SinoMab” or the “Company”), is pleased to announce our breakthrough topline results from the completed Phase 1b clinical study evaluating SM17, a novel investigational therapy targeting the IL-25 (IL-17E) receptor pathway in moderate to severe atopic dermatitis (AD). SM17 uniquely binds to the co-receptor for IL-25, a key alarmin, and blocks downstream signaling – disrupting the inflammatory cascade driven by IL-25 engagement.SM17 Competitive Advantages:- First AD biologic with dual efficacy --- first and the only AD biologic that could reach both NRS-41 and EASI-752 responder rate over 60%3 simultaneously at end of treatment (EOT), comparing to marketed product.- Faster and deeper itch relief than anti-IL-4/13 agents4--- onset of anti-pruritus effect as early as Week 2 (SM17) vs Week 4~6 (other agents), over 90% of patients achieved NRS-4 (SM17) vs 30~40% of patients (other agents) at EOT.- Safer than JAK inhibitors5 --- No serious adverse events (SAEs) nor drug related Grade 3 or above adverse events (AEs) reported, minimum risk of serious infections or major adverse cardiovascular events (MACE).1 NRS-4: a peak pruritus numeric rating scale (PP-NRS) weekly mean score with a ≥4-point reduction from baseline2 EASI-75: ≥75% reduction from baseline in Eczema Area and Severity Index (EASI) score3 SM17 ph1b NRS-4 responder rate:91.7%, EASI-75 responder rate 75.0%4 Dupixent@ Prescribing information, SOLO-1 & SOLO-2 studies5 RINVOQ@ Prescribing information, Measure Up 1 & Measure Up 2 studiesThis Phase1b study, which evaluated two doses level of SM17 (200mg and 600mg, respectively), met its primary endpoints manifested as the safety profiles in patients with moderate-to-severe AD by demonstrating that SM17 was well-tolerated with no serious adverse event (SAE) or treatment-related adverse events (TRAEs) with grade 3 or above. In terms of efficacy, this study met all the secondary endpoints assessing pruritus, skin healing and AD patients’ quality of life by demonstrating remarkable differences between SM17 treatment groups and placebo group.This study was a 16-week, randomized, placebo-controlled, double-blind study to assess the tolerability, safety and efficacy of SM17 monotherapy in 32 adults with moderate-to-severe AD, most of whom were previously inadequate responder to topical corticosteroids (TCS). Patients with a history of biologic (Dupilumab) or systemic Janus kinase (JAK) inhibitor medication (Upadacitinib) were also enrolled in the study.At week 12, 75.0% of patients(9 /12) in the higher dose group achieved ≥75% reduction from baseline in EASI-75, vs. 0.0% of patients in the placebo group, with difference of responder rate as 75.0%(95% CI:32.00~91.11). In the lower dose group, 50.0% of patients (6/12) achieved EASI-75, a 50.0% difference vs. placebo (95%CI:9.27~74.62).In the higher dose group, 41.7% of patients (5/12) achieved a validated Investigator's Global Assessment for Atopic Dermatitis (vIGA-AD™) score of 0 (clear) or 1 (almost clear) with a ≥2-point reduction from baseline (vIGA-AD 0/1) at week 12, representing a 41.7% difference vs. placebo (95%CI: 2.28~68.05). In the lower dose group, 25.0% of patients (3/12) achieved this endpoint, a 25.0% difference vs. placebo (95%CI: -11.22~53.23).It is particularly noteworthy that 91.7% of patients (11/12) in the higher dose group achieved a peak pruritus numeric rating scale (PP-NRS) weekly mean score with a ≥4-point reduction from baseline (NRS-4) at week 12, vs. 0.0% of patients in the placebo group. Even in the lower dose group, 66.7% of patients (8/12) achieved this endpoint, remarkably different to that of the placebo group.With regard to the onset of action, SM17 showed obvious anti-pruritus effect as early as week 2 after the initial dose, in either the higher or the lower dose group. The altitude of improvement in pruritus for SM17 treatment groups increased alongside with dosing and reached a mean level of 68% and 57% reduction from baseline in PP-NRS score at week 12, for higher and lower dose groups, respectively, vs. 18% for placebo group. Improvement in pruritus was also maintained for both SM17 treatment groups until week 16, which was 6 weeks away from last dosing (week 10). Improvement in skin healing showed similar trends, with a mean level of 73% and 57% reduction from baseline in EASI score at week 12 for the 2 treatment groups,vs. a mean level of 42% reduction from baseline in placebo group.In addition, this Phase 1b study also met the endpoint of EASI 50 and EASI 90 at week 12, as well as superior improvement comparing to placebo in other skin healing measures as SCORAD and AD body surface area (BSA), or patients’ life quality questionnaire - Dermatology Life Quality Index (DLQI).Major efficacy endpoints results were summarized in the table below.EndpointsSM17 Higher dose (N=12)SM17 Lower dose (N=12)Placebo (N=12)EASI 50(%)Week1283.366.725.0Week1691.758.325.0EASI 75 (%)Week1275.0500.0Week1641.741.70.0EASI 90 (%)Week1241.716.70.0Week1641.741.70.0IGA 0/1 (%)Week1241.725.00.0Week1633.341.70.0NRS-4 (%)Week1291.766.70.0Week1675.058.325.0Safety findings were generally consistent with the safety profile of SM17 previously observed in US Phase 1 and China Phase 1a bridging study. The most frequent TEAEs (≥10%) in SM17 groups were nasopharyngitis and urinary tract infection,with the overall incidence rate difference between the treatment group and the placebo group being less than 5%.Dr. Shui On LEUNG, Executive Director, Chairman and Chief Executive Officer of SinoMab, said, "SM17 has the potential to become a first- and best-in-class therapy for atopic dermatitis (AD), a market where a single transformative therapy can achieve multibillion-dollar (US) annual revenue. Pruritus is the primary concern for most of the patients with moderate-to-severe AD,and scratching behavior triggered by itch is likely the key driving factor in recurrent chronic inflammatory cycle in AD. With a favorable safety profile and skin clearance comparable to the most effective existing therapies, SM17 also delivers exceptional efficacy in itch relief – the most critical unmet need for patients. By addressing these key gaps in current treatment options, SM17 is positioned to redefine the standard of care for this debilitating condition. We are accelerating our clinical programs and actively pursuing partnerships to maximize its global impact. Next, we anticipate initiating Phase 2 trials in adults with moderate-to-severe AD. Notably, preclinical studies have shown promising results for SM17 in treating other Type 2 allergic diseases such as asthma, Chronic Rhinosinusitis with Nasal Polyps (CRSwNP) and idiopathic pulmonary fibrosis (IPF). These findings suggest that SM17 could become a versatile therapeutic for a range of Th2-driven diseases, extending its potential beyond AD as a first- and best-in-class option."About Atopic Dermatitis MarketAtopic dermatitis (AD) is a chronic inflammatory skin disease with a complex pathogenesis involving genetic predisposition, skin barrier dysfunction, immune system dysregulation, and environmental factors. The immunological characteristics of AD are dominated by the Th2 axis, involving mediators such as TSLP, IL-4, IL-13, IL-5, IL-33, IL-31, OX40, and the JAK/STAT signaling pathway. AD typically begins in infancy, with about 50% of patients developing symptoms before the age of one. The disease follows a chronic and relapsing course.Epidemiological studies indicate that there are at least 230 million AD patients worldwide, with China having a substantial patient population exceeding 70 million, of which moderate-to-severe cases account for approximately 28%. In comparison, the U.S. has an estimated 16.5 million adult AD patients, with moderate-to-severe cases making up around 40%.According to Precedence Research, the global AD drug market was value at 13.62 billion in 2023 and is projected to reach 13.62 billion in 2023 and is projected to reach 31.44 billion by 2034. Current treatment options vary in efficacy and include topical medications (e.g., corticosteroids [TCS], calcineurin inhibitors [TCI]), oral antihistamines, and biologics, each with its own advantages and limitations.While conventional therapies like TCS, TCI, and oral antihistamines remain standard treatments, biologics such as dupilumab have significantly improved patients' quality of life. However, limitations such as slow onset, insufficient itch relief, and long-term safety concerns leave many patients' needs unmet. Another drug, the JAK inhibitor upadacitinib, faces safety-related challenges. In 2024, dupilumab's global sales surpassed $14 billion, highlighting the immense potential of the AD market and driving pharmaceutical companies to accelerate the development of differentiated therapies. Currently, competition in the AD field is primarily focused on target innovation: Among the top 10 AD clinical targets in China and globally, seven overlap, with IL-4Rα and JAK1 being the top two. In terms of clinical phases, only 14% of China's AD trials are in Phase 3 or later, compared to 23% globally (excluding Phase 2/3 trials), indicating that China's strategy remains largely fast-follow. Moreover, China's target landscape is more concentrated, with the top three targets (IL-4Rα, JAK1, and PDE4) accounting for 46% of clinical trials, whereas global AD clinical targets are more evenly distributed.About SM17SM17 is a novel, First-in-Class (FIC), humanized, IgG4-κ monoclonal antibody, which is a global first in-class monoclonal antibody drug targeting IL-25 receptor with the potential for treating AD, asthma, idiopathic pulmonary fibrosis and other immunological disorders. SM17 could suppress Type 2 helper T (Th2) immune responses by binding to IL-25 receptor (also known as IL-17RB) on Type 2 Innate Lymphoid cells (ILC2s) and Th2 cells, to block a cascade of responses induced by IL-25 and suppress the release of the downstream Th2 cytokines such as IL-4, IL-9 and IL-13. IL-25 is a critical cytokine classified as ‘‘alarmin’’, which has shown to be implicated in the pathogenesis of autoimmune and inflammatory skin diseases, especially in AD. Current approved therapies for AD, including biologics, can significantly improve eczema area and severity index (EASI) and patient’s quality of life, but they either are slow in response, especially in anti-pruritic effect, or have safety concerns. With the novel mechanism of action, SM17 hopefully will become a new and probably better treatment option for AD, which is fast in anti-pruritic response, effective in skin healing and safe, addressing the unmet medical needs not covered by current treatment modalities.About Differences in Targeting the Receptor (IL-25R) vs the Ligand (IL-25)Using AD as a model, stimulated skin will continuously release IL-25, and neutralizing IL-25 with antibodies does not instantly impart relief. SM17 uniquely blocks one of the IL-25 receptor subunits (IL-17RB) in a non-competitive manner. We have in-house data supporting that SM17 can block receptor signal transduction without affecting IL-25 engagement with the receptor, so SM17 can provide fast anti-pruritic and anti-inflammatory effects arising from IL-25/IL-25 receptor interactions.Additionally, the number of receptors on cell surface is limited, and if sufficient antibodies against the receptor are added and all receptors blocked, therapeutic response will persist regardless of the amount of IL-25 released. This is the case for SM17, which blocks the limited number of receptors on cell surface. Once fully occupied, it stops the signaling regardless of IL-25 levels. This allows a fast, long-lasting inhibition and avoids high-dose requirements.Contrarily, antibodies targeting IL-25 must neutralize the ligand directly, while AD skin continuously releases IL-25 such that anti-IL-25 therapies require high doses to “mop-up” all newly released IL-25. This delays itch and inflammation relief.About SinoMab BioScience LimitedSinoMab BioScience Limited is dedicated to the research, development, manufacturing and commercialization of therapeutics for the treatment of immunological diseases. SinoMab is headquartered in Hong Kong with its R&D base in Hong Kong and production base in mainland China. The Company's flagship product Suciraslimab (SM03) is a potential global first-in-class mAb against CD22 for the treatment of rheumatoid arthritis (RA) and other immunological diseases. SM03 (Suciraslimab) has completed the Phase 3 clinical trial for RA in China and is pending NMPA’s marketing approval for RA in China. In addition, the Company possesses other potential first-in-class drug candidates, some of which are already in clinical stage, with their indications covering rheumatoid arthritis (RA), Sjogren’s syndrome (SS), systemic lupus erythematosus (SLE), atopic dermatitis (AD), idiopathic pulmonary fibrosis (IPF), asthma, and other diseases with major unmet clinical needs.Media enquiriesStrategic Financial Relations LimitedVeron Ng Tel: +852 2864 4831Phoenix Fung Tel: +852 2114 4939Shannon Lei Tel: +852 2114 2881Will Cheng Tel: +852 2864 4894Email: sprg_sinomab@sprg.com.hk Copyright 2025 ACN Newswire via SeaPRwire.com.
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Transform Your Social Media Profile into a Sales Catalog with GoDaddy’s Show in Bio Tool ACN Newswire

Transform Your Social Media Profile into a Sales Catalog with GoDaddy’s Show in Bio Tool

SINGAPORE, Apr 10, 2025 - (ACN Newswire via SeaPRwire.com) - How a small business presents and sells its offerings can be the difference between success and failure. GoDaddy has launched Show in Bio to help small businesses increase sales and stand out on social media.This affordable tool offers flexibility for small business owners not yet ready to build a website, enabling them to showcase their products or services on social media channels, including Instagram, TikTok, Facebook, X, Pinterest and LinkedIn, and interact with customers through channels like WhatsApp to close sales. Using artificial intelligence (AI) to quickly draft product information, such as name, description, and price, and create a personalized one-page sales catalogue in minutes, no technical skills are required to use the tool.Entrepreneurs who run their business on social media are more confident using AIResearch from GoDaddy’s 2025 Global Entrepreneurship Survey found over one in four (28%) of small business owners globally primarily run their business on social media. This shift in small business ownership to social-first entrepreneurs heightens the importance of how a small business sells online. GoDaddy’s research has found these social-first entrepreneurs are younger, more optimistic about business performance and more confident in their ability to leverage AI for their business. This trend reveals not only the growth potential of social-first businesses, but also how technology – specifically AI – is a key enabler to innovate, scale and thrive.Start a business on social media with low spend and without the need to build a websiteShow in Bio allows entrepreneurs to start a business quickly with low spend, even validating a business idea before launching it. While perfect for small business owners who may not have yet built a website, the tool also supports domain integration, allowing those with an established online presence to use their own domain for a seamless branded experience.Key features and benefits include:Centralize Your Links – Put all your important content in one shareable link.Drive Engagement – Drive traffic to key offers and updates instantly by sharing your link in bio on social channels.Showcase Products – Create a captivating catalogue with images and videos directly on your page.Domain Integration – Use your own domain for a seamless and branded experience.Save Time with AI – Generate quality product information and profile bios fast, no tech skills required.“We’re supporting entrepreneurs to start their online business wherever it makes the most sense for them – including on social media,” said Selina Bieber, Vice President of International Markets at GoDaddy. “The rise of social media in the last 20-plus years has captured a significant share of internet activity, but it hasn’t diminished the need for businesses to have their own brand and their own identity.“Show in Bio is an enhanced link in bio solution built to support small businesses run on social media, directly addressing challenges such as driving traffic, lack of technical skills and setting up a website while simplifying social selling.”About GoDaddy GoDaddy helps millions of entrepreneurs globally start and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy Airo®, the company’s AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy’s expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.Issued on behalf of GoDaddy.For more information, contact:Fekra Communicationsinfo@fekracomms.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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Discover the Perfect Diamond for Your Love Story with ALUXE ACN Newswire

Discover the Perfect Diamond for Your Love Story with ALUXE

SINGAPORE, Apr 8, 2025 - (ACN Newswire via SeaPRwire.com) - When it comes to symbolising eternal love, nothing captures the essence better than a diamond. ALUXE, Taiwan’s leading diamond and wedding jewellery brand, now brings its legacy of excellence to Singapore, offering an exquisite collection of certified diamonds at competitive prices.Instant Diamond SelectionFinding the perfect diamond has never been easier with ALUXE’s real-time selection of over 30,000 diamonds. Seamlessly integrated with global suppliers, every diamond is displayed with flawless brilliance details and a 360° high-resolution viewing experience. Customers can choose from a wide range of ready-to-go options or secure pre-orders with guaranteed delivery within two months.Competitive Pricing Without CompromiseALUXE eliminates unnecessary mark-ups by sourcing diamonds directly from the world’s top cutters. As one of Taiwan’s largest diamond importers, ALUXE ensures customers receive the highest quality at the best possible price, making premium diamonds more accessible than ever.Certified Excellence for Complete Peace of MindEvery ALUXE diamond comes with internationally recognised certification. Natural diamonds are graded by GIA, the gold standard in diamond evaluation, while lab-grown diamonds are certified by IGI. Additionally, the exclusive ALUXE Ultimate Diamond Report provides advanced scientific analysis of a diamond’s brilliance, ensuring only the finest stones make it to the collection.Fancy Cuts & Rare Colours for Distinctive EleganceBeyond classic round diamonds, ALUXE offers a stunning selection of fancy-cut and rare coloured diamonds, including pink, yellow, and blue hues, allowing customers to express their unique style.ROSÉ My Love – The Pink Diamond CollectionPink diamonds symbolise passion and rarity. ALUXE’s ROSÉ My Love collection features exquisite lab-grown pink diamonds, making this coveted gem more accessible. Ideal for engagements, anniversaries, or meaningful gifts, these diamonds capture the essence of romance.Lovers Collection – The Blue Diamond Wedding RingsBlue diamonds represent purity and everlasting love. The Lovers Collection showcases these rare gems in elegant wedding bands, complemented by platinum settings and inner sapphire accents, offering a timeless symbol of commitment.With decades of expertise, ALUXE is committed to helping couples find the perfect expression of love through meticulously crafted jewellery. Visit ALUXE in Singapore or explore our collection online to discover diamonds that make every love story shine.Discover more at www.aluxe.com/sg-en/About ALUXEALUXE is the first jewellery brand in Taiwan, embodying the perfect combination of happiness and jewellery. Starting as an online retailer, ALUXE's high-quality products and competitive prices gradually garnered more attention, which led to the opening of its first physical store in 2008 to offer even better products and services to customers around the world. ALUXE is currently present in Taiwan and Hong Kong, with Singapore’s flagship store located at ION Orchard and two other doors at the heartland areas.For more information, visit https://www.aluxe.com/sg-en/ FB: https://www.facebook.com/aluxe.sgIG: https://www.instagram.com/aluxe_sg/ALUXE LOCATIONSION Orchard2 Orchard Turn, ION Orchard #B2-63, Singapore 238801Tel: +65 6015 0798Opening Hours: 10:00 - 21:30JEM50 Jurong Gateway Road, JEM #01-55, Singapore 608549Tel: +65 6992 2589Opening Hours: 11:00 - 21:30Tampines 110 Tampines Central 1, Tampines 1 #01-27 & 28, Singapore 529536Tel: +65 6022 1715Opening Hours: 11:00 - 21:30 Copyright 2025 ACN Newswire via SeaPRwire.com.
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Swiss based Inacta Ventures and The Hashgraph AssociationCo-Host Morocco WEB3FEST GITEX Edition ACN Newswire

Swiss based Inacta Ventures and The Hashgraph AssociationCo-Host Morocco WEB3FEST GITEX Edition

Marrakech, Morocco, Apr 8, 2025 - (ACN Newswire via SeaPRwire.com) - Morocco WEB3FEST GITEX Edition, a global conference series focused on technology and innovation in AI, Blockchain, and sustainability, organized by InactaVentures and co-hosted by The Hashgraph Association, being carried out in Marrakech, Morocco from April 14-16, 2025 is set to bring together the world’s foremost Web3 leaders, innovators, and investors at the intersection of technology, finance, and sustainability. Hosted in Marrakech during GITEX Africa, this premier event serves as a critical bridge linking the vibrant ecosystems of Africa, the Middle East, and Europe.With a strong commitment to advancingdecentralized technologies and sustainable innovation, Morocco WEB3FEST GITEX Edition is poised to drive meaningful dialogue and collaboration among industry pioneers, enterprises, and policymakers.What is the WEB3FESTWEB3FEST is a global conference series focused on technology and innovation in AI, Blockchain and Sustainability. It serves as a vibrant hub where companies across the value chain – from agile startups to international corporations – converge to share ideas, build networks, and shape the future of the industry.Kamal Youssefi - President of The Hashgraph Association noted, “We are honored to be co- hosting the WEB3FEST in Morocco during GITEX Africa given that one of the aims of THA is to empower entrepreneurs, enterprises and governments with the technologies and knowhow needed to foray into Web3 while keepingsustainability at the heart of their endeavors. This is why Hedera network, considered one of the most sustainable in the world, is at the center of our conversations.”Ralf Glabischnig – Founder of Inacta Ventures, added, "Switzerland has always been a hub for Blockchaininnovation, and our Layer 1 technology is solving real-world challenges in developing countries. With Morocco as the perfect gateway to Africa, we are connecting European expertise with Africa’s immense potential for Blockchain adoption."Event Highlights:The Green Block TalksApril 14, 2025Sofitel Marrakech Palais ImperialA high-impact evening bringing together thought leaders and industry experts to discuss the role of AI and Web3 in driving sustainability. Featuring insightful panels, networking opportunities, and meaningful discussions.Featured Speakers:Ian Putter – Head of Blockchain COE, Standard BankTom Rieder – Director Marketplace, The Green BlockAbdelaziz Benyahya – Chief Transformation Officer, AXA MoroccoKamal Youssefi – President of The Board, The Hashgraph AssociationRalf Glabischnig – Founder, Inacta VenturesWEB3 Investor Dinner (Co-hosted by NEO AI)April 15, 2025Private Villa, MarrakechAn exclusive, invitation-only gathering for venture capitalists, fund managers, and private equity professionals.This intimate setting will facilitate high-level discussions on investment opportunities, portfolio strategies, and the evolving digital asset landscape.About the Organizer Inacta VenturesAt the helm of the WEB3 revolution, Inacta Ventures builds ecosystems, ventures, and smart capital strategies.With operations in the thriving Crypto Valley in Switzerland and the Crypto Oasis in the UAE, Inacta empowers over 100 portfolio companies and enterprises to scale groundbreaking WEB3 solutions.About the Co-Host The Hashgraph AssociationThe Hashgraph Association, a Swiss non-profit, drives global adoption of Hedera-powered solutions by funding innovation, training, and venture programs. It promotes economic inclusion and a digital future with a positive ESG impact. https://www.hashgraph.swiss/aboutRegistrationReserve your spot now and join the world’s brightest minds to shape the future of WEB3: Register HereFor more details, visit: web3fest.chContact:Fabio SchlafHead of Ecosystem Development Inacta Ventures & Crypto Oasis fabio.schlaf@inactaventures.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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Intelligent Joy Limited Signs MOU with Smart IR and CLS Press to Collaborate on AI-Driven Investor Relations Platform ACN Newswire

Intelligent Joy Limited Signs MOU with Smart IR and CLS Press to Collaborate on AI-Driven Investor Relations Platform

HONG KONG, Apr 9, 2025 - (ACN Newswire via SeaPRwire.com) - April 7 2025, Intelligent Group Limited (Nasdaq: INTJ), a Hong Kong based financial public relations company, announces that its wholly owned subsidiary Intelligent Joy Limited (“Intelligent Joy” the “Company”) has entered into a Memorandum of Understanding (“MOU”) with Shanghai CLS Fintech CO., LTD (“CLS Press”), China’s foremost real-time financial news platform, and Smart IR Limited (“Smart IR”). Under the MOU, the three parties will jointly develop and promote the Smart IR Management Platform, a next-generation solution designed to redefine global investor relations management through the integration of artificial intelligence (AI), big data analytics, and cloud computing.The Smart IR Management Platform aims to collaborate with financial PR firms and domestic data analytics companies to create a complete investor relations database. By deploying advanced AI algorithms, the platform analyzes investor behavior patterns, market trends, and sentiment in real time, empowering enterprises to make data-driven decisions and optimize stakeholder engagement.Ms. Wai Lau, Director & Chairlady of the Board of Directors, commented, “The launch of Smart IR is designed to help listed companies stand out in a buyer’s market: It is not merely a tool, but a ‘data-intelligent bridge’ connecting high-quality assets with long-term capital. We believe Smart IR will empower listed companies to craft compelling investment narratives at lower costs and with greater efficiency, ultimately attracting truly aligned long- term partners.”Forward-Looking StatementsThis press release contains forward-looking statements that are based on the management’s current expectations, estimates, and assumptions about future economic conditions, industry performance, company operations, and financial results. These statements are not guarantees of future events or performance and involve a number of risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements due to factors such as changes in economic conditions, market trends, industry developments, and operational factors. There can be no assurance that the expected events or outcomes will occur as anticipated.About Smart IR LimitedSmart IR limited is a technology- and data-driven fintech company committed to advancing financial innovation in Hong Kong, facilitating the commercialization of research achievements, and supporting the global expansion and internationalization of mainland China’s technology-driven enterprises. Its core product, Smart IR, serves as an intelligent communication platform connecting Hong Kong- and U.S.-listed companies (or those planning to list) with investors, particularly institutional investors. By continuously driving fintech advancements, Smart IR delivers smarter and more efficient services to listed companies and investors alike.About Shanghai CLS Fintech CO., LTDShanghai CLS Fintech CO., LTD, supervised and operated by Shanghai United Media Group, is China’s largest financial news group and financial news agency, upholding the journalistic principles of “accuracy, speed, authority, and professionalism”. Its services reach over 150 mainland financial institutions, 5,000+ listed companies, 200 million retail stock investors, and 700 million fund investors, solidifying its role as a critical hub for financial data and market intelligence in China.About Intelligent Group LimitedIntelligent Group Limited has been deeply rooted in Hong Kong for many years and successfully listed on the NASDAQ in March 2024. Intelligent Group Limited is committed to providing high-value public relations services to the financial sector, helping listed companies enhance their brand influence through precise “data + content” driven communications. Through close collaboration with over 100 securities firms and more than 150 financial analysts, the company has focused on driving financial institutions, investors, and businesses with efficient content-driven public relations services. Intelligent Joy operates in Hong Kong, Guangzhou, and Shenzhen, providing top-tier communications services to leading companies in the Hong Kong and U.S. stock markets.For more information, please visit Intelligent Joy’s website: www.intelligentjoy.com.For enquiry, please contact Intelligent Group Limited: Karen DengPhone: (86)13048870338Email: Karen.deng@intelligentjoy.com Copyright 2025 ACN Newswire via SeaPRwire.com.
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ForexVIM Showcases at Limassol Event, Offering Traders New Edge in XAU/USD Market ACN Newswire

ForexVIM Showcases at Limassol Event, Offering Traders New Edge in XAU/USD Market

DUBAI, Apr 9, 2025 - (ACN Newswire via SeaPRwire.com) - Last week, ForexVIM was officially showcased, drawing interest with its AI-driven approach to pattern recognition in the gold market. Gold trading thrives on understanding patterns and seizing the right moment. ForexVIM enters this arena as an AI-powered tool crafted to spot those patterns, helping traders make sharper, more timely decisions with confidence.The Power of Pattern Recognition in TradingCandlestick charts have long been a go-to for understanding market sentiment, but identifying and interpreting them manually can be time-consuming and prone to oversight. ForexVIM steps in with automated pattern recognition, scanning vast amounts of market data to highlight trade signals that might otherwise be missed. It’s a way to reduce guesswork and sharpen timing.How ForexVIM Enhances Gold TradingBuilt specifically for the gold market (XAU/USD), ForexVIM processes historical and real-time data to detect meaningful trends and emerging setups. Its goal is to help traders align entries and exits with the flow of the market, offering structure in an asset known for volatility.Key Features of ForexVIM- Market Trend Scanning: ForexVIM uses price action and built-in indicators to stay on top of market shifts and trend formations.- Candlestick Pattern Recognition: It identifies formations like Doji patterns, which often signal potential reversals, offering traders extra context to time decisions more effectively.- Integrated Risk Tools: Every trade includes pre-set Stop Loss and Take Profit levels. The system also incorporates a light martingale approach to manage losing positions in a controlled, incremental way.These tools aim to bring together precision and practicality, supporting traders without overcomplicating the process.Where AI Fits InAI plays a core role in ForexVIM’s architecture, not just in speed but in pattern detection and data analysis. Rather than replacing human decision-making, it enhances it, offering another layer of insight that can help traders feel more confident in fast-moving markets.Simple to Use, Backed by SupportForexVIM is designed with accessibility in mind, making it easy to set up and operate for both experienced and beginner traders. A clean interface and responsive customer support round out the experience, making the platform approachable from day one.ForexVIM brings together automated pattern recognition, AI-powered analysis, and a risk-aware structure to support gold trading with greater clarity. For traders looking to improve their timing and decision-making, it’s a practical option built on solid foundations.About ForexVIMForexVIM delivers precision-driven trading solutions, combining expert market insights with high-quality tick data optimization for reliable performance. Built by experienced traders and developers, it ensures accuracy, consistency, and innovation in forex trading strategies. Learn more at https://forexvim.com/.Media ContactBrand: ForexVIMContact: Media teamWebsite: https://forexvim.com/ Copyright 2025 ACN Newswire via SeaPRwire.com.
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Spiking Joins IBM Z Day: Special Edition 2025 – Major Announcement Unveiling TradeGPT’s Enterprise AI Future ACN Newswire

Spiking Joins IBM Z Day: Special Edition 2025 – Major Announcement Unveiling TradeGPT’s Enterprise AI Future

New York, New York--(ACN Newswire via SeaPRwire.com - April 7, 2025) - Spiking, a leader in AI-driven financial technology, is thrilled to participate in IBM Z Day: Special Edition, a landmark virtual conference hosted by IBM on Tuesday, April 8, 2025, from 10:00 AM to 5:00 PM Eastern Time (ET). This complimentary one-day event invites technology enthusiasts, industry leaders, and innovators worldwide to witness the next era of enterprise computing and artificial intelligence, spotlighting Spiking's TradeGPT as a transformative force in capital markets.Event HighlightsGroundbreaking Keynote Announcement: At 10:00 AM ET, a live broadcast from New York City will unveil a major advancement in enterprise technology, including a new AI chip that Spiking's TradeGPT will leverage for unparalleled performance.Specialized Technical Tracks: Attendees can explore three cutting-edge tracks:IBM zNext: Discover the latest IBM mainframe, boasting up to 8x on-chip AI processors per core, enabling TradeGPT's unmatched scale, speed, and security.AI & Data: Learn how Spiking integrates advanced AI into mission-critical financial workloads without additional infrastructure.App Dev & IT Ops: See how AI-driven automation boosts productivity and efficiency, a cornerstone of Spiking's development strategy.Curated Experiential Journeys: Customize your experience with three paths:Security: Explore post-quantum encryption, critical for safeguarding TradeGPT's real-time financial insights.New to Z: Gain foundational knowledge about IBM Z, powering Spiking's enterprise ambitions.Developer: Dive into technical sessions tailored for developers enhancing platforms like TradeGPT.Earn Digital Credentials: Participants can earn up to four prestigious IBM digital skills badges, enhancing professional expertise.Dr. Clemen Chiang, CEO of Spiking, stated, "IBM Z Day: Special Edition is a defining moment for enterprise innovation, and we're proud to be at its forefront. Our LLM-based TradeGPT will harness the new AI chip unveiled on April 8, 2025, delivering unmatched speed and intelligence for real-time capital market decisions. This, alongside other surprises, positions Spiking to reshape how businesses leverage AI." Chiang's vision reflects Spiking's leadership in driving AI-powered transformation.Adam LG Ring, Global Head of the IBM Z Startup Community and Spiking's advisor, added, "As Spiking scales to volumes rivaling OpenAI, moving to an enterprise-scale solution with world-class security is both logical and essential. The latest IBM Z offerings, unveiled April 8, 2025, are cost-effective at scale-perfect timing for TradeGPT to lead the capital markets." Ring's endorsement highlights the strategic alignment between Spiking's goals and IBM's technology.Through IBM Z Day: Special Edition, Spiking joins IBM to offer a dynamic platform for connecting with global thought leaders, uncovering industry-defining trends, and showcasing innovations in AI, hybrid cloud, and post-quantum security. Tailored for all skill levels, this event is a must-attend for finance and tech professionals alike.Registration & AgendaRegister Now: Reserve your spot at https://ibm.biz/specialzday1Full Agenda: Explore the complete lineup of sessions and speakers at http://ibm.biz/agendazdayse2025Join Spiking and IBM on April 8, 2025, for a day of innovation, education, and networking as we unveil the future of enterprise computing and AI in capital markets.Media ContactNicole YeeMedia RelationsEmail: info@spiking.comPhone: 1-570-SPIKINGNote: All times are in Eastern Time (ET). Please adjust for your local time zone.About SpikingSpiking is a trailblazer in AI-driven financial technology, empowering businesses and investors with real-time, intelligent solutions for capital markets. Through its flagship product, TradeGPT, Spiking leverages cutting-edge AI to deliver unmatched performance and insights.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247585 Copyright 2025 ACN Newswire via SeaPRwire.com.
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FOURTH PARADIGM ANNOUNCES 2024 ANNUAL RESULTS ACN Newswire

FOURTH PARADIGM ANNOUNCES 2024 ANNUAL RESULTS

Financial Highlights:- In 2024, the total revenue amounted to RMB5,261 million, representing a YoY increase of 25.1% - The revenue of the 4Paradigm Sage AI Platform (the “Sage AI Platform”) business grew by 46.7% YoY to RMB3,676 million, accounting for 69.9% of the total revenue - The SHIFT Intelligent Solutions business recorded revenue of RMB1,022 million, accounting for 19.4% of the total revenue - The revenue of the 4Paradigm SageGPT AIGS Services segment amounted to RMB563 million, accounting for 10.7% of the total revenue- Gross profit was RMB2,245 million, with a gross profit margin of 42.7%- The total R&D expenses reached RMB2,170 million, accounting for 41.2% of revenue- The annual loss attributable to the owners of the Company was RMB269 million, with a reduction of RMB640 million compared to the full year of 2023, narrowing by 70.4% YoY. This marks the fourth consecutive fiscal year of sequential loss reduction since 2021Operation Highlights:- In 2024, the number of lighthouse users served by the Company reached 161, a YoY increase of 16%. The average revenue per lighthouse user was RMB19 million, with a Net Dollar Expansion Rate (NDER) of 110% for lighthouse users in 2024- 4ParadigmSage: During the Reporting Period, the Company launched the vertical world model development and management platform, Sage AI Platform 5.0, and completed multiple minor version upgrades, achieving end-to-end capabilities across the computing layer, platform layer, model layer, and application layer- 4Paradigm SHIFT: During the Reporting Period, the Company launched multiple solutions targeting various application scenarios and continued to update and iterate the functionalities and effectiveness of existing solutions to meet enterprise requirements for accuracy, reliability, and real-time performance in different vertical scenarios- 4Paradigm AIGS: During the Reporting Period, the Company continued to upgrade and optimize the functionality and application performance of products, such as the enterprise software reconfiguration assistant AIGS Builder and the enterprise programming assistant AIGS CodeX, creating an enterprise-level “development assistant” that understands customers, businesses, knowledge and R&D, while enabling fast coding capabilitiesHONG KONG, Apr 1, 2025 - (ACN Newswire via SeaPRwire.com) - A leading enterprise AI software company - Beijing Fourth Paradigm Technology Co., Ltd. (“Fourth Paradigm” or the “Company”, Stock Code: 6682.HK) today announced the consolidated annual results for the year ended December 31, 2024 (the “Reporting Period”).In 2024, Fourth Paradigm achieved strong growth in its overall business. The Company’s total revenue reached RMB5,261 million, representing a YoY increase of 25.1%. Gross profit was RMB2,245 million, with a gross profit margin of 42.7%. The Company highly values technological R&D, and has clear profitability goals. During the Reporting Period, the R&D expenses reached RMB2,170 million, accounting for 41.2% of revenue. The annual loss attributable to the owners of the Company was RMB269 million, with a reduction of RMB640 million compared to the full year of 2023, narrowing by 70.4% YoY. This marks the fourth consecutive fiscal year of sequential loss reduction since 2021.In 2024, Fourth Paradigm committed to creating value for customers, continuously enhancing digital transformation experience for existing customers and increasing user stickiness. During the Reporting Period, the number of lighthouse users served by the Company reached 161, a YoY increase of 16%. The average revenue per lighthouse user was RMB19 million, with a Net Dollar Expansion Rate (NDER) of 110% for lighthouse users in 2024.Benefiting from the surge in AI market demand, the Company’s Sage AI Platform business achieved significant growth, driving steady performance improvement of core business. In March 2024, Fourth Paradigm launched Sage AI Platform 5.0, which integrates vertical world model development and management, enterprise AI agent application suites, GPU resource pooling and other end-to-end capabilities, supporting the large-scale production and application of vertical world models and enterprise AI agents, and continuously driving intelligent transformation and high-quality development across industries.Core business revenue increased by 46.7%, with scaled expansion driving rapid businessAs the core of the Fourth Paradigm’s all businesses, the 4Paradigm Sage AI Platform business achieved significant growth during the Reporting Period, with revenue reaching RMB3,676 million, representing a YoY increase of 46.7% and accounting for 69.9% of total revenue. Scale effects are deepening progressively.In 2024, Fourth Paradigm remained committed to technological innovation, comprehensively enhancing the capabilities of Sage AI Platform. On the basis of end-to-end capabilities across the computing layer, platform layer, model layer, and application layer, Sage AI Platform continued to optimize key capabilities such as AI agent and GPU resource pooling. Among these, AI agent further enhanced its ability to solve complex problems and improve execution accuracy, and developed the enterprise AI agent development platform that covers the entire lifecycle of AI agent design, development, debugging, deployment, operational analysis, and iterative optimization. This empowers enterprise developers to efficiently and scalably build business AI agents with cognitive, decision-making, and execution capabilities – all on demand. As a result, development cycles have been reduced by over 95% in most cases. The GPU resource pooling capability enables enterprises to achieve platform-level management of hardware clusters, on-demand allocation of computing resources, and rapid scheduling, helping to address challenges such as low utilization of heterogeneous computing resources and high costs of adapting large models to computing power. According to the latest report from the internationally authoritative research firm IDC, Fourth Paradigm has maintained its position as the leader in China’s machine learning platform market share for six consecutive years.While scaling its core business, Fourth Paradigm has also made steady progress in its two other major businesses – SHIFT Intelligent Solutions business and 4Paradigm AIGS service business, which provide strong support for the core business – Sage AI Platform, driving efficient growth across the overall business.During the Reporting Period, revenue from SHIFT Intelligent Solutions totaled RMB1,022 million, comprising 19.4% of the total revenue. This business is built on the Sage AI Platform, tailored to different industry business scenarios. These solutions enable Fourth Paradigm’s technology and capabilities to penetrate a wider range of industries and scenarios, addressing critical business challenges for traditional enterprises and driving digital and intelligent transformation across industries. Due to the impact of the business expansion strategy, the revenue from this business decreased by 20.3% YoY while the revenue from Sage AI Platform business achieved 46.7% YoY growth.In addition, the revenue from the 4Paradigm SageGPT AIGS Services business during the Reporting Period reached RMB563 million, accounting for 10.7% of the Company’s total revenue. This business provides efficient development tools and services based on generative AI for the Sage AI Platform business, enabling multi-fold increases in enterprise R&D productivity.“AI agent + Vertical World Model” dual-core architecture builds the AGI foundation, enabling continuous expansion of the business ecosystemIn recent years, the continuous advancement of generative AI technologies has accelerated progress toward Artificial General Intelligence (AGI), a consensus widely recognized across the industry. As an enterprise with over a decade of experience in the AI sector, Fourth Paradigm is committed to empowering industries through its core philosophy of “AI agent + Vertical World Model”, which uses AI agents to understand human needs and leveraging corresponding vertical world models to solve problems, while continuously enhancing their respective capabilities – will ultimately drive the realization of AGI.Over the past year, adhering to the philosophy of “AI agent + Vertical World Model”, Fourth Paradigm has collaborated with numerous industry partners and has successfully implemented hundreds of reliable and controllable enterprise-level AI agent applications, covering scenarios such as financial credit risk control, water and electricity equipment maintenance, hydrological data monitoring, chronic disease management, intelligent course learning, automotive manufacturing MES system management, fluid dynamics design, intelligent after-sales customer service and academic administration assistant, comprehensively driving the intelligent transformation for enterprises.At the same time, Fourth Paradigm, in collaboration with partners, has released several out-of-the-box user-level agent solutions, such as intelligent meeting solutions, intelligent mouse solutions, and desktop AI search tools. These solutions cover AI agent capabilities such as simultaneous interpretation, one-click translation, robotic assistants, AI writing, and intelligent cross-platform search, helping enterprise business personnel achieve a leap in daily work efficiency.In addition, since the advent of DeepSeek, the inference and deployment costs of large models have significantly decreased, catalyzing market demand across large model implementation, integrated solutions deployment, and on-device AI applications. Fourth Paradigm has rapidly iterated its technical capabilities and product adaptations to deliver high-value solutions addressing these market needs.In terms of integrated solutions, Fourth Paradigm launched the out-of-the-box SageOne IA large model inference integrated solution, which enables seamless switching between the full-capacity model and multiple distilled models while supporting mainstream large models. This increases GPU utilization by over 30% and improves inference performance by an average of 5-10 times. Furthermore, SageOne IA comes with a rich suite of AI applications, helping developers efficiently create enterprise-level generative AI applications.For on-device AI, Fourth Paradigm launched the ModelHub AIoT on-device inference solution. This solution allows users to easily deploy small-sized distilled models such as DeepSeek R1, Qwen 2.5, and Llama 2/3 series on on-device devices for offline operation. It also balances model compression and inference performance while addressing the complexities of deployment and optimization. In addition, the Company has further expanded these capabilities into the consumer electronics sector, delivering AI Agent solutions that integrate hardware and software. That empowers consumer electronics manufacturers to launch AI-enabled terminal products that resonate with their users.In terms of Strategic Outlooks, Dr. Dai Wenyuan, Chairman of the Board, Executive Director, Chief Executive Officer and General Manager of Beijing Fourth Paradigm Technology Co., Ltd. said, “In recent years, generative AI has gained widespread recognition globally. As an AI technology service provider with over a decade of experience in the enterprise service sector, we have a deeper and more accurate understanding of how to organically integrate these rapidly evolving AI technologies to empower our enterprise clients, create tangible business value, and deliver practical efficiency improvements for both enterprises and individuals. This aligns with our ultimate vision that has always guided our business – AI for Everyone. Looking ahead, we will build on our decade-long expertise in the enterprise service sector, look toward the broader AI market, and leverage our AI capabilities to transform all possible business domains. We believe that the convergence of these diverse capabilities will form the cornerstone for achieving AGI.” Copyright 2025 ACN Newswire via SeaPRwire.com.
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