(Photo: Business Wire) FREMONT, Calif., March 31(Bernama-BUSINESS WIRE) -- Hai Robotics, a leading provider of intelligent automated warehousing solutions, has won the MHI Innovation Award for Best Innovation of an Existing Product for their A42T Autonomous Case-handling Robot (ACR). This prestigious award was announced at ProMat 2023, held in Chicago, on Wednesday, March 22nd. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230327005769/en/ The MHI Innovation Award recognizes Hai Robotics for their groundbreaking work in developing advanced equipment for automated storage and retrieval solutions (ASRS) and recognizes the company's commitment to advancing their customer’s success with innovative and cutting-edge technology. The A42T ACR is the first goods-to-person equipment that extends upward allowing facilities to store items up to 10m (32+ feet) high, while remaining independent of any storage medium. It is highly intelligent, able to handle most totes or container sizes and types, even cardboard boxes, on standard industry shelving structures. Comparable systems often require unique and expensive custom precision structures with limited tote options to function, but the A42T ACR is a revolutionary robotic design, freeing facilities of the old rigid ASRS constructs. This robot provides maximum system flexibility typically seen with AMR or AGV technology while allowing facilities to obtain modern warehouse density with maximum use of vertical storage. This award is a testament to Hai Robotics’ dedication to excellence and its ability to deliver intelligent automation solutions that help businesses increase efficiency, reduce costs, reduce storage footprint, and improve overall productivity. "We are thrilled to have won the Innovation Award at ProMat 2023," said Brian Zheng, CEO of Hai Robotics USA. "This award is a recognition of our team's hard work, dedication, and commitment to driving innovation in the industry. We are proud to be at the forefront of intelligent warehouse automation and are committed to delivering advanced solutions that help our customers stay ahead of the game." The ProMat 2023 event brought together many thousands of industry experts, professionals, and businesses from around the world to showcase the latest technologies, products, and solutions in the field of automation and material handling. The event is an excellent opportunity for attendees to explore new technologies. Visitors were able to witness the A42T ACR live where it demonstrated 32-foot-high tote picks from one of the tallest structures built at the event. "We are honored to have received this prestigious award, and we thank MHI for hosting such an exceptional event," said Rebecca Lennartz, Director of Marketing for Hai Robotics USA. "We look forward to continuing to drive innovation in the industry and helping businesses achieve their automation goals." About HAI Robotics Hai Robotics is a leading global provider of intelligent automated storage and retrieval systems (ASRS). Their ASRS solutions provide modern storage density, reducing their customer’s storage footprints up to 75%, increasing workflow efficiency gains up to 4x, maximizing order pick accuracy to 99.9+%, and improving daily orders fulfilled rate over 170%. Their Autonomous Case-handling Robots (ACR) are the key equipment in their systems. These robots maximize the use of vertical space, managing the storage of goods 32+ feet high. Their solutions are independent of any storage medium so the ASRS can be built using almost any standard racking structure, and the equipment manages most kinds and sizes of bins, trays, cardboard cartons, and a variety of containers and materials. Hai Robotics provides intelligent ASRS solutions made for real world applications. To know more about Hai Robotics and their A42T ACR, visit their website at https://www.hairobotics.com/ View source version on businesswire.com: https://www.businesswire.com/news/home/20230327005769/en/ Contact [email protected] Source : HAI Robotics
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In the EXHIBITION+ hybrid model
HONG KONG, March 31 (Bernama-BUSINESS WIRE) -- Hong Kong, being the world’s premier trade fair capital in Asia, has once again become the go-to destination for business people from around the world. Following the full resumption of travel, global traders flocked to take part in the city’s trade activities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230330005361/en/ Organised by the Hong Kong Trade Development Council (HKTDC), five lifestyle product shows (Hong Kong Gifts & Premium Fair, Home InStyle, Hong Kong International Home Textiles and Furnishings Fair, Fashion InStyle, and Hong Kong International Printing & Packaging Fair) are set to return on 19 – 22 April 2023 under one roof at the Hong Kong Convention and Exhibition Centre (HKCEC). In addition, the HKTDC’s online smart business matching platform, Click2Match, will run from 19 – 29 April 2023, providing a convenient and efficient platform for traders to connect beyond physical fairs. The new EXHIBITION+ hybrid model reinvents trade fairs to serve global traders anytime and anywhere. Fair Highlight The five fairs will offer an ideal one-stop sourcing platform with a total of over 3,500 exhibitors from around the globe. The Hong Kong Gifts & Premium Fair provides an excellent platform for industry professionals to explore the latest trends and innovations in the gifts and premium industry; Hong Kong Houseware Fair renamed as Home InStyle aims to enable exhibitors and buyers to explore the latest houseware trends, source smart and unique home designs and products; Hong Kong International Home Textiles and Furnishings Fair showcases a broad array of home textiles and furnishings; Hong Kong Fashion Week renamed as Fashion InStyle serves as an ideal business platform for the fashion and textile industry's entire supply chain; and Hong Kong International Printing & Packaging Fair showcases a wide range of professional printing and digital printing solutions, along with innovative packaging designs and services. With a wide variety of products and trends on display, these fairs provide an excellent opportunity for traders to build relationships, explore new business opportunities and expand their networks. Register Now for FREE Admission - https://bit.ly/3KlpbdY Websites · Hong Kong Gifts & Premium Fair: www.hktdc.com/event/hkgiftspremiumfair · Home InStyle: www.hktdc.com/event/homeinstyle · Hong Kong International Home Textiles and Furnishings Fair: www.hktdc.com/event/hkhometextilesfair · Fashion InStyle: www.hktdc.com/event/fashioninstyle · Hong Kong International Printing & Packaging Fair: www.hktdc.com/event/hkprintpackfair View source version on businesswire.com: https://www.businesswire.com/news/home/20230330005361/en/ Contact Media enquiries: Please contact the HKTDC's Exhibitions Department: Jojo Li Tel: (852) 22404136 Email: [email protected] Source : Hong Kong Trade Development Council --BERNAMA Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition. Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea.
Zurich, Switzerland, March 31 (Bernama-GLOBE NEWSWIRE) -- Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the integration of bulk renewables into European power grids. Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind "2GW Program”¹, based on high-voltage direct current (HVDC) technology pioneered by Hitachi Energy. The agreement includes an initial commitment to deploy six record-breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of 2 gigawatts (GW) and a voltage level of 525 kilovolts (kV) - a world-first for offshore wind. This landmark framework agreement is the largest ever for Hitachi Energy. It confirms the opportunity to innovate how state-of-the-art technology can be deployed effectively and how new business models enable the scale needed for the green energy transition. The framework agreement approach allows Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in-service dates. Hitachi Energy will supply its HVDC Light® converter stations, which convert AC to DC power offshore and DC to AC onshore. Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations. The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect. The second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024-2026 timeframe. “This innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future. In fact, we are already hiring to expand our global delivery capacity and effectively fulfill these and other orders,” said Niklas Persson, Managing Director at Hitachi Energy’s Grid Integration business. “We’re proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed.” “Today’s announcement represents an exciting next step in Petrofac and Hitachi Energy’s collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT’s ground-breaking program,” said Sami Iskander, Petrofac’s Group Chief Executive. “By combining Petrofac’s industry-leading EPCI expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes.” “TenneT has the technical know-how, scale, and geographical position to connect wind energy from the North Sea. This is one of the most important infrastructure projects of the century; the green transformation of the energy system is key for the decarbonisation of industry,” said Tim Meyerjürgens, COO of TenneT. “Together with our market partners, we are very proud to have achieved another important milestone. Together we secure decisive acceleration of the offshore grid development and set the course for the future European energy landscape.” “The new long-term approach goes hand in hand with a fundamental change in values towards a strong partnership. This approach enables both sides with more flexibility, technological progress, and planning security,” said Marco Kuijpers, Director Large Projects Offshore of TenneT. This benefits all parties and secures employment, growth, and the strengthening of supply chains. We can already see that our partners invest in extra resources and facilities.” Hitachi Energy and Petrofac began working together in June 2022, to provide joint grid integration and associated infrastructure solutions to support TenneT’s 2GW Program.² In the same year, Germany, the Netherlands, Denmark and Belgium agreed to install at least 65 gigawatts of offshore wind energy combined by 2030 announced with the inter-governmental Esbjerg Declaration.³ At 40 gigawatts, almost two-thirds of this capacity is accounted for by TenneT, with 20 gigawatts each in the German and Dutch North Sea sectors. 1 TenneT’s 2GW Program 2 Hitachi Energy and Petrofac to collaborate in growing offshore wind market 3 The Esbjerg Declaration HVDC website: https://www.hitachienergy.com/offering/product-and-system/hvdc -END- About Hitachi Energy Ltd. Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD. https://www.hitachienergy.com https://www.linkedin.com/company/hitachienergy https://twitter.com/HitachiEnergy About Hitachi, Ltd. Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. About Petrofac Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies. Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values - driven, agile, respectful and open - are at the heart of everything we do. Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, Southeast Asia and the United States. We have 8,000 employees based across 31 offices globally. Petrofac is quoted on the London Stock Exchange (symbol: PFC). For additional information, please refer to the Petrofac website at www.petrofac.com Media contacts: Jocelyn Chang Global Head of Public Relations & Content Strategy Hitachi Energy [email protected] Sophie Reid Group Head of Communications Petrofac [email protected] Attachment · 2GW offshore platform. Photo courtesy of TenneT Jocelyn Chang Hitachi Energy [email protected] Source: Hitachi Energy Ltd. --BERNAMA KUALA LUMPUR, March 29 (Bernama) -- Lantronix Inc, a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, has announced its new X300 Compact Gateway IoT Solution.
Ideal for secure mission-critical applications, the X300 combines Lantronix’s IoT gateway hardware with a premium services subscription, including centralised device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package. “With the new X300 Compact Gateway IoT Solution, our customers can rest assured that they have a reliable, easy-to-manage solution, achieving maximum uptime and data security for mission-critical applications,” said Lantronix Chief Executive Officer, Paul Pickle. The X300 Compact Gateway IoT Solution includes X300 Gateway, a compact (79mm X 79mm) IoT industrial gateway with suitable hardware interfaces, including a Multi-mode Serial port, an Ethernet LAN port, Wi-Fi 5, Bluetooth/BLE and Worldwide cellular options, enabling the connection of any type of industrial machine and sensor with any type of network. Services covered in the first-year subscription include free upgrade to ConsoleFlow premium cloud-based device management with analytics; and LEVEL 2 Services prompt expert technical support and warranty with advanced hardware replacement. In addition, the services also include Connectivity Services global, convenient and scalable cellular data plans; as well as Lantronix InfiniShield built-in security, including a Secure Element chip to enable secure boot, secure equipment access and secure communications and to prevent unauthorized access of confidential information. For more information on this all-in-one package, visit https://www.lantronix.com/products/x300-series/ -- BERNAMA KUALA LUMPUR, March 31 (Bernama) -- Green Building Index (GBI) applauds the announcement by Local Government Development Minister, Tuan Nga Kor Ming on 29 March 2023 on the government’s aims to build liveable, comfortable and affordable homes for the low-income group (B40) and middle-income group (M40).
This will involve all new affordable housing projects such as the People’s Housing Projects (PPRs), Rumah belia Madani, Rumah Mesra Rakyat and the 1Malaysia Housing Programme (PR1MA) which will undergo tests and analyses including sun-path and thermal comfort analyses as well as GBI. In welcoming the announcement, GBI Chairman, Assoc. Prof. (Ind.) Ar. Sarly Adre Sarkum said that GBI will complement the government’s move by reducing the registration fees for GBI-certification of these housing projects by 50 per cent. “I’m pleased to announce that GBI will reduce with immediate effect the registration fees for these new affordable housing projects to be certified under GBI, Malaysia’s international green benchmark. “This is also in line with GBI’s Corporate Social Responsibility through which we had also previously provided discounts on registration fees for projects such as educational institutes, libraries and sports complexes,” said Ar. Sarly who is also President of the Malaysian Institute of Architects (PAM). He highlighted that GBI certification addresses climate change with emphasis on energy, thermal comfort, good indoor environment and proximity to supporting community amenities besides promoting the use of environmental-friendly materials sourced from sustainable sources and recycling as well as water efficiency through rainwater harvesting, water recycling and water efficient fittings. He thanked the Minister for the involvement of GBI in this initiative and pledged GBI’s unwavering support towards this national agenda. GBI Backgrounder GBI is Malaysia’s Green Rating Tool for buildings and towns, created to promote sustainability in the built environment and raise awareness of environmental issues among developers, architects, engineers, planners, designers, contractors and the general public, so that we can look forward to a brighter and greener future. A wholly-owned subsidiary of PAM and the Association of Consulting Engineers Malaysia (ACEM), it was established in 2009 to administrate GBI accreditation as well as training of GBI Facilitators and Certifiers. It is endorsed by the Board of Architects Malaysia for Tax Incentive for Green Technology Projects as well as supported by the Malaysia Green Building Council. Source: Greenbuildingindex Sdn Bhd FOR MORE INFORMATION, PLEASE CONTACT: Name: Nur Aqilah Husna (Aqilah) Tel: +6017 915 0362 Email: [email protected] Name: Andrew Kong Tel: +6012 6818838 Email: [email protected] --BERNAMA BOOMI PARTNERS WITH LEADING JAPANESE ERP PROVIDER TO ACCELERATE DIGITAL TRANSFORMATION IN JAPAN30/3/2023 · New channel partnership builds upon Boomi’s increased investment in Japan to meet growing global demand for its category-leading solutions
· Boomi and Works Applications Systems will help companies in their digitalization efforts by leveraging data from legacy systems as assets, migrating data in complex environments, and rapidly integrating software as a system (SaaS) applications TOKYO & CHESTERBROOK, Pa., March 30 (Bernama-BUSINESS WIRE) -- Boomi™, the intelligent connectivity and automation leader, today announced a new partnership with Works Applications Systems, Co., Ltd. ("WAPS") which provides system development and support, and SI services. WAPS is a group company of Works Applications Co., Ltd., a leading provider of enterprise resource planning (ERP) software solutions for financial and supply chain management. Together, the companies will help organizations in their modernization efforts by quickly and easily integrating data from legacy systems, assets, and software as a service (SaaS) applications throughout complex IT environments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230329005360/en/ Demand for data integration and business automation solutions continues to grow in Japan and throughout the Asia-Pacific region, spurred by the rapid growth of teleworking and the ongoing need to improve operational efficiency.¹ Though Japanese companies are working to realize their digitalization goals, many still grapple with bespoke, legacy systems in their operations that have become obstacles to modernization. “Today, IT is playing an increasingly important role in the realization of digital management; however, digital transformation has not progressed as expected in Japan due to the large number of in-house developed systems in many companies,” said Kenichi Yoshida, Representative Director, President of Works Applications Systems, Co., Ltd. “We are very pleased to announce the partnership agreement with Boomi to further strengthen our collaboration in Japan. We are confident that by combining our extensive knowledge and experience in building business innovation systems with Boomi’s category-leading integration platform as a service (iPaaS), we can contribute to our clients’ modernization evolution, including rapid cloud deployment and effective use of data.” WAPS seeks to solve its customers’ challenges in a one-stop shop by leveraging an ecosystem of industry-leading, third-party partners. By partnering with Boomi, WAPS will be able to leverage the Boomi Platform to quickly and easily connect everyone to everything, anywhere. Based on the intelligence of mapping hundreds of millions of production-deployed integrations from Boomi customers across the globe, the Boomi platform provides pre-built connectors for more than 200 of the most popular cloud and on-premises applications, as well as a flexible architecture that enables customers to take full advantage of cloud computing. “While iPaaS solutions are good at connecting services and resources that reside in the cloud, they expose challenges connecting data on the company network and files that may live on each employee's device,” continued Yoshida. “However, we found that the Boomi platform has an agent software to solve this issue, creating a seamless environment that effectively removes the boundary between cloud and on-premises. In addition, we discovered that most challenges can be solved by applying the examples found within Boomi’s extensive Boomiverse user community and Knowledge Base. We believe that Boomi’s integration platform can be effectively used not only for active proposals to existing customers in this market, but also for new proposals in our businesses that provide systems integration services.” “Regardless of industry or business category, our customers are promoting their digital transformation initiatives through cloud computing and data utilization,” said Kazunori Hori, Director, Japan at Boomi. “To ensure that our customers' data, applications, systems, and services are linked at the right time, we will work closely with Works Applications Systems, bringing together the expertise and technical capabilities of both parties.” Boomi touts a growing community of more than 100,000 members and one of the largest arrays of GSIs in the iPaaS space. The company boasts a worldwide network of approximately 800 partners, including Accenture, Deloitte, SAP, and Snowflake; and works with the largest hyperscaler cloud service providers, including Amazon Web Services, Google, and Microsoft, among others. Included on the Deloitte Technology Fast 500™ and Inc. 5000 lists as one of America’s fastest growing technology companies, Boomi has also won two International Stevie® Awards, for Company of the Year and Product Innovation; the Gold Globee® Award in the Platform as a Service (PaaS) category; the Merit Award for Technology in the Cloud Services category; the Stratus Award as a Global Leader in Cloud Computing 2022, and received the prestigious 5-star rating in the CRN Partner Program Guide for two consecutive years. Additional Resources · Read more about Boomi’s leadership in cloud integration · Browse solutions on Boomi Discover · Explore the Boomiverse Community · Follow Boomi on Twitter, LinkedIn, Facebook, and YouTube About Boomi Boomi aims to make the world a better place by connecting everyone to everything, anywhere. The pioneer of cloud-based integration platform as a service (iPaaS), and now a category-leading, global software as a service (SaaS) company, Boomi touts the largest customer base among integration platform vendors and a worldwide network of approximately 800 partners – including Accenture, Capgemini, Deloitte, SAP, and Snowflake. Global organizations turn to Boomi’s award-winning platform to discover, manage, and orchestrate data, while connecting applications, processes, and people for better, faster outcomes. For more information, visit http://www.boomi.com. © 2023 Boomi, LP. Boomi, the ‘B’ logo, Boomiverse are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or marks may be the trademarks of their respective owners. ___________________________ ¹ Keyman’s Net, iPaaS (Integration Platform as a Service) Usage Status, 2021 View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005360/en/ Contact Media: Jasmine Ee Head of Media & Analyst Relations, APJ [email protected] Source : Boomi, LP --BERNAMA Investment Enables B2B Marketing-as-a-Service Category Pioneer to Expand Capabilities that Transform Revenue Operating Models for Clients
NEW YORK, March 30 (Bernama-BUSINESS WIRE) -- 2X, a pioneer of the marketing-as-a-service (MaaS) solution for the business-to-business (“B2B”) sector, announced today that Recognize, a technology investment platform, made a significant strategic investment to continue catalyzing growth in the company. This is the first institutional investment in 2X and accelerates its roadmap of evolving marketing for leading organizations in the B2B space. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230329005413/en/ B2B marketing is at an inflection point. Recent transformation in the space has been driven predominantly by software tools and technology platforms. Despite a US market size of over $850 billion in 2022, the marketing services sector has seen limited disruption. With Recognize’s support, 2X is redefining the B2B marketing services landscape. “Our partnership with Recognize allows 2X to level up our capabilities and build things our clients need and want,” said Domenic Colasante, CEO and co-founder of 2X. “Working with Recognize will elevate our infrastructure to better service our clients with on-shore account management, expanded time-zone coverage, global delivery centers, and consulting services. The investment expands our capabilities around technology implementation and management and will increase our value to both enterprise-sized and PE-portfolio clients.” Recognize was founded in 2020 by a visionary trio including former Oracle President and Infor CEO, Charles Phillips, co-founder and former CEO of Cognizant Technology Solutions, Frank D’Souza, and private equity veteran David Wasserman. Recognize’s core mission is to find the next generation of technology services companies and help them unlock tremendous growth potential. “2X is the kind of company we were looking for when we created Recognize,” said Mike Grady, partner of Recognize. “We see hundreds of service companies every year and found a truly differentiated business in 2X. 2X’s innovative MaaS model packages the new-age revenue marketer with global delivery economics to allow increased impact at a fraction of current costs.” B2B marketing is critical to driving business growth in today’s market conditions. Yet the B2B industry has suffered severely from a technology skills shortage. 2X has embraced the future of work to thrive in today’s “do-more-with-less” environment. These transformative capabilities have fueled 2X’s organic growth and 95% CAGR since its 2017 founding. “The 2X team has cracked the code in high quality, offshore B2B marketing and is solving revenue growth problems for clients when they need it most,” said Recognize co-founder and managing partner, Charles Phillips. “2X has grown impressively since launching and has displayed multiple horizons of exciting growth potential. Our partnership with Domenic and his team will help cement 2X as the preeminent leader of this emerging market.” 2X’s leadership team, including CEO Domenic Colasante, will remain in place. Multinational law firm Morgan, Lewis & Bockius LLP and global investment bank Canaccord Genuity advised 2X on the transaction. About 2X 2X was founded in 2017 by three former B2B CMOs who pioneered marketing as a service (MaaS), a new operating model designed to bring scale to revenue and marketing leaders. The MaaS model covers a full range of offerings, including marketing operations, MarTech management, demand creation programs, digital marketing, account-based marketing (ABM), analytics, and creative services. The client roster includes enterprise and large organizations that need execution support, as well as private equity portfolio companies that require both growth and efficiency in their marketing. 2X is a certified partner of many of the leading RevTech platforms, including 6sense, Salesforce, Adobe Marketo Engage, Drift, HubSpot, Bombora, and Google, among others. The company is ranked in the top 20% of the Inc. 5000 list of fastest-growing companies in the U.S., and in the top 100 of Financial Times’ list of The Americas’ Fastest Growing Companies. More information can be found at www.2X.marketing. About Recognize Partners LLP Recognize is a technology investment platform exclusively focused on the technology services industry. The firm provides operational expertise, industry insights, and strategic capital to innovative companies in this sector. Recognize is led by industry veterans Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman. To learn more, visit www.recognize.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005413/en/ Contact Jennifer Wang, 2X [email protected] Jack Berney, Recognize [email protected] Source : Recognize --BERNAMA KUALA LUMPUR, Malaysia, March 29 (Bernama-GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL), together with its wholly owned subsidiaries (“CBL International” or the “Company”), is an established marine fuel logistic company currently focusing on the Asia Pacific region, providing one-stop solutions for vessel refueling. CBL International today announced the closing on March 27, 2023 of its initial public offering (“Offering”) of 3,325,000 ordinary shares (the “Shares”) at a public offering price of $4.0 per Share.
The underwriters exercised their over-allotment option in part for an additional 425,000 Shares on March 23, 2023 (“Over-allotment Option”). The Over-allotment Option was closed with the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, is $15 million, before deducting underwriting discounts and other related expenses. The Shares began trading on the Nasdaq Capital Market on March 23, 2023 under the ticker symbol “BANL.” Proceeds from the Offering will be used for (i) enlarging the number of local suppliers to enhance its competitiveness as well as to increase the service options available in the Singapore and South Korea markets; (ii) further increasing the Company’s business market shares in existing markets; (iii) cash collateral to conduct trade financing activities with financial institutions, thus creating transaction records for further acquisition of bank financing to facilitate the Company’s business growth; (iv) procuring and developing a centralized management information system in order to enhance the Company’s daily management control and treasury management; and (v) other working capital and general corporate purposes. Pacific Century Securities, LLC acted as lead book-running manager of the Offering, and Spartan Capital Securities LLC acted as co-manager. Loeb & Loeb LLP acted as counsel to the Company, and The Crone Law Group, P.C. acted as counsel to Pacific Century Securities, LLC in connection with the Offering. A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (“SEC”) (File Number: 333-267077) and was declared effective by the SEC on March 22, 2023. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Pacific Century Securities, LLC, 60-20 Woodside Avenue, Suite 211, Queens, New York 11377 or by email at [email protected]. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About CBL International Limited CBL International is a bunkering facilitator in the bunkering industry, headquartered in Malaysia. We focus on providing marine fuel according to the required international standards with competitive prices and timely delivery services at ports agreed between our customers and us. Over the years, with our experienced management team, we have established an extensive supply network to provide our customers with more options and flexibility in fulfilling their vessel refueling requirements. Our supply network, which focuses on expanding our localities of services, covers ports in many places in the Asia Pacific, including but not limited to South Korea, PRC, Taiwan, Hong Kong, Malaysia, Singapore, Philippines, and Thailand. Going forward, we intend to allocate more resources to further expand our supply network, targeting continual market share enhancement. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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 in its other filings with the SEC. For more information, please contact: Pacific Century Securities LLC Yao Zhang Email: [email protected] CBL International Limited Email: [email protected] SOURCE: CBL International Limited http://mrem.bernama.com/viewsm.php?idm=45767 KUALA LUMPUR, March 28 (Bernama) -- Chiba Prefecture offers various ways to enjoy "hanami" or cherry blossom viewing for tourists visiting Japan during the cherry blossoms season.
Narita International Airport, which is conveniently located in Chiba for overseas visitors to explore the surrounding areas, is one of the unique cherry blossom viewing spots, according to Chiba Prefectural Government in a statement. Cherry blossoms, known as "sakura" in Japanese, bloom for about one to two weeks from late March to early April in Chiba. There are three unique sakura spots enabling foreign tourists to embark on cherry blossom adventures namely, Sakura-no-Yama Park, Mobara Park and Kominato Railway. At Sakura-no-Yama Park, visitors can enjoy close-up views of aeroplanes taking off from and landing at Narita International Airport, best enjoyed lounging under the trees with favourite snacks and drinks. To explore beyond urban Tokyo on a cherry blossom hunt, Mobara Park is a place to go. The park is dotted with 2,850 cherry trees, which is on Japan's TOP-100 CHERRY BLOSSOM SPOTS list published by the Japan Cherry Blossom Association. The red-coloured "Benten Bridge" over the pond in the middle of the park, surrounded by pink and white cherry blossoms, offers a great photo opportunity, and visitors can enjoy picnicking and strolling in the park. Additionally, taking a ride on the Kominato Railway is like a trip through a countryside dream, whereby this local, diesel-powered line connects Ichihara City and Otaki Town and features commanding views along the way. In spring, "nanohana" (canola) flowers and cherry blossoms are in full view along the railway line. Itabu Station is a popular sightseeing spot for heavily photographed cherry trees and visitors are recommended to start at JR Goi Station for the Kominato Line's first stop for a leisurely journey through Chiba's picturesque spring. -- BERNAMA KUALA LUMPUR, March 28 (Bernama) -- Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective March 27.
Crowe, who brings a wealth of experience in private and public companies in the US, Europe and Asia, joins Wood Mackenzie after nearly five years as CFO of ERM, the world’s largest Sustainability and Environmental Consultancy where he played a key role in their rapid growth, diversification, and successful investment from KKR. In a statement, Mark Brinin, CEO of Wood Mackenzie said: “Simon is a commercially minded CFO, with a breadth of international experience, having worked with private equity backed ERM and companies listed on New York, London and European stock exchanges. “He has strong financial management and strategic leadership skills. Simon’s diverse background in environmental consulting and global energy markets brings deep knowledge of our end markets.” Meanwhile, Crowe said: “I am really excited about joining the Wood Mackenzie team. The global energy, renewables and commodity markets are in transition to net zero and Wood Mackenzie has a new strategic partner in Veritas Capital. “The world will be increasingly reliant on the critical insights, data and knowledge that Wood Mackenzie’s research and consulting teams have developed over the last 50 years.” Wood Mackenzie is a trusted source of commercial intelligence for the world's natural resources sector. It empowers customers to make better strategic decisions, providing objective analysis and advice on assets, companies and markets. For more information, visit www.woodmac.com. -- BERNAMA |
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