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Roan Holdings Group Co., Ltd. Reports 2021 Financial Year Results

April 23, 2022 TechENT Syndication Leave a comment

BEIJING and HANGZHOU, China, April 23, 2022 /PRNewswire/ — Roan Holdings Group Co., Ltd. (“Roan” or the “Company”) (OTC Pink Sheets: RAHGF and RONWF), a comprehensive solution provider for industrial operation and capital market services, today reported its financial results for the fiscal year ended December 31, 2021. All amounts are in U.S. dollars.

Fiscal year 2021 Highlights:

Net income increased to $0.76 million for the year ended December 31, 2021 from a net loss of $0.85 million for the year ended December 31, 2020.
Net earnings per share increased to $0.01 for the year ended December 31, 2021 from a net loss per share of $0.07 for the year ended December 31, 2020.
Net commission and fees on financial guarantee services was $0.40 million for the year ended December 31, 2021, as compared to $0.29 million for fiscal year 2020, reflecting an increase of 37.93% for business development.
Operating expenses in total decreased by $0.81 million, to $3.30 million for year ended December 31, 2021 compared to $4.11 million for the year ended December 31, 2020. The decreases were primarily the result of the Company’s cost control strategies.

	For fiscal years ended December 31
($ millions, except per share data, differences due to rounding)	2021	2020	% Change
Net revenues of services	$0.79	$2.13	(62.91%)
Net commission and fees on financial guarantee services	$0.40	$0.29	37.93%
Total interest and fees income	$2.41	$2.48	(2.82%)
Operating income	$3.61	$4.90	(26.33%)
Net income	$0.76	($0.85)	N/A
Net earnings per share – Basic and Diluted	$0.01	($0.07)	N/A

Mr. Junfeng Wang, Chairman of the Board commented, “We are pleased to conclude fiscal year 2021 with sound financial performance. Although the external environment is full of challenges, through our service and extensive cooperation experience and resources accumulated over the past 10 years and with more than 500 customers and partners in various industries, the Company further optimized its strategic planning and business layout in 2021, and is in process of reforming operation structure, optimization of management team, integration of market resources, establishment of new business entities, and upgrading of our business services and products to meet Roan’s future development needs. As a result, the Company not only achieved substantial improvement in financial performance in 2021, but also turned from a net loss of $0.85 million in fiscal year 2020 to a net profit of $0.76 million in fiscal year 2021. At the same time, Roan has successfully expanded its business into the field of new energy, new materials, and semiconductor related industries, and we obtained our first $0.14 million industrial operation service fee income.”

“In the future, through our strategic business layout in industrial operation and capital market services, the Company plans to obtain long-term operation rights for new-generation technologies, products, and services in the fields of new energy, new materials, semiconductors, culture, tourism, and health so as to position ourselves to generate income from our services and products in order to share further the upward trend of these industries,” Mr Wang said.

Mr. Wenhao Wang, Chief Financial Officer of Roan, commented: “In 2021, in line with our expectations, we became profitable, turning around from last year’s losses. We grew our annual net income by $1.61 million to $0.76 million. We boosted our business development by upgrading our business ecosystem, and we applied cost-efficient strategies that helped us save $0.81 million in operating expenses for the past year. We also have a positive working capital balance of $51.94 million as of December 31, 2021, which makes us believe that the efforts we put in place and the strategic development we are taking will bring us significant improvements to profitability, creating long-term value for our shareholders.”

Fiscal Year 2021 Financial Results

Services Revenues

The following table sets forth a breakdown of our revenue by services offered for the years ended December 31, 2021 and 2020:

($ millions, differences due to rounding)	For the years ended December 31,				Variance
	2021		2020		Amount		%
Management and assessment service	$	0.44	$	0.02	$	0.42		2100%
Consulting services relating to debt collection		0.21		2.11		(1.90)		(90.05)%
Industrial operation services		0.14		–		0.14		100.00%
Revenues from services	$	0.79	$	2.13	$	(1.34)		(62.91)%

Management and assessment services

Revenue from management and assessment services was $0.44 million ended December 31, 2021, which was increased 0.42 million or 2100% compared with $0.02 million for the year ended December 31, 2020. The increase was caused by the new contracts of management and assessment services brought significant revenue and cashflow to the Company.

Consulting services relating to debt collection

Revenue from consulting services relating to debt collection was $0.21 million for the year ended December 31, 2021, a decrease of $1.90 million, or 90.05%, as compared to $2.11 million for the year ended December 31, 2020, which was mainly due to the negative impact of the COVID pandemic. We had less contracts for debt collection service during the year ended December 31, 2021.

Industrial operation services

On December 31, 2021, Hangzhou Zeshi investment partnership (“Zeshi investment”), a wholly-owned subsidiary of the Company, entered into an agreement with ZhongTan Future New Energy Industry Development (Zhejiang) Co., Ltd. (“ZhongTan”). Revenue of $0.14 million was recognized during the year ended December 31, 2021 after the target customer was located, due diligence and initial negotiation was completed, and requirements of ZhongTan were met.

Revenue for commission and fees on financial guarantee services
Commission and fees on financial guarantee services was $0.46 million for the year ended December 31, 2021, an increase of $0.08 million, or 21.05% as compared to $0.38 million for fiscal year 2020, reflecting an increase for business development.
The provisions for financial guarantee services are related to financial guarantee service business as per the requirement of local government. Provisions for financial guarantee services was $0.06 million for the year ended December 31, 2021, as compared to $0.09 million for last fiscal year.

Interest and fee income
Interest and fee income primarily consisted of interest and fee income generated from loans due from third parties. Interest and fee income was $2.41 million, a decrease of $0.07 million, or 2.82% for the year ended December 31, 2021 as compared to $2.48 million for fiscal year 2020. The decrease was mainly due to a decrease of $0.02 million in interest income from loans due from third parties and a decrease of $0.05 million in interest income on provision deposits with banks.

Operating expenses
Operating expenses in total decreased by $0.81 million, or 19.70% to $3.30 million for year ended December 31, 2021 compared to $4.11 million for the year ended December 31, 2020. The decreases in these expenses were primarily the result of our cost control strategies.

Net income
As a result of the foregoing, we had a net income of $0.76 million for the year ended December 31, 2021, as compared to a net loss of $0.85 million for the year ended December 31, 2020

Cash and cash equivalents
Cash and cash equivalents were $1.95 million as of December 31, 2021, reflecting a decrease of $2.98 million from $4.93 million as at December 31, 2020, primarily because of the repayment of bank loan of $2.94 million during the year ended December 31, 2021.

Working capital
Our working capital was $51.94 million as of December 31, 2021.

Recent developments

On February 28, 2022, the Company signed a five-year industrial operation cooperation agreement with Jiushang (Hangzhou) Semiconductor Technology Co., Ltd. (“Jiushang”). The Company will provide Jiushang with financing and operation services, and cooperate in the transformation and industrialization of Jiushang semiconductor’s new technological achievements in the Chinese market.

On December 16, 2021, Hangzhou Zeshi invested RMB 2 million (approximately $0.31 million) in Medium Carbon Future New Energy Industry Development (Zhejiang) Co., Ltd. (“Medium Carbon”), and held 2% its equity. Future New Energy invested RMB 20 million (approximately $3.10 million) and held 20% its equity. The registered capital of Medium Carbon is RMB 100 million (approximately $15.49 million).

On November 24, 2021, Hangzhou Zeshi, a wholly owned subsidiary of the Company invested RMB100,000 (approximately $0.02 million) in Hangzhou Future New Energy Enterprise Management Partnership (Limited Partnership) (“Future New Energy”) and held 1% of the equity of Future New Energy. The registered capital of Future New Energy is RMB 10 million (approximately $1.55 million).

About Roan Holdings Group Co., Ltd.

Founded in 2009, Roan Holdings Group Co., Ltd. (OTC Pink: RAHGF and RONWF) is a comprehensive solution provider for industrial operation and capital market services. Adhering to the platform strategy of “cross collaboration, technology empowerment, sustainability and stability, and combination of operation and finance resources”, the Company’s services focus on the new energy, new materials, and semiconductor industries. At the same time, the Company focuses on the application of innovative technologies in the consumer industry with respect to financial consumption, cultural and tourism consumption, and great health ecosysystem. Roan aims to provide comprehensive solutions and supporting services for diversified institutuional and local government clients across the entire industry chain. Roan has offices in Hangzhou and Beijing and subsidiaries in Hangzhou, Ningbo, Shaoxing and Tianjin. For more information, please visit: www.roanholdingsgroup.com.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among others, the consummation of the proposed transaction, and can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations of the consummation of the proposed transaction, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Further information regarding these and other risks, uncertainties or factors are included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:
At the Company:
Katrina Wu
Email: xiaoqing.wu@roanholdingsgroup.com
Phone: +86-571-8662 1775

Investor Relations Firm:
Janice Wang
EverGreen Consulting Inc.
Email: IR@changqingconsulting.com
Phone: +1 571-464-9470 (from U.S.)
+86 13811768559 (from China)

ROAN HOLDINGS GROUP CO., LTD.
CONSOLIDATED BALANCE SHEETS
As of December 31, 2021 and 2020
(Expressed in U.S. dollar, except for the number of shares)


	December 31, 2021		December 31, 2020

ASSETS
Cash and cash equivalents	$	1,947,142	$	4,932,048
Restricted cash		29,693,689		25,875,556
Accounts receivable, net		6,929,529		6,939,352
Inventories		33,598		30,348
Loan receivables due from third parties, net		23,751,471		17,670,652
Due from related parties		5,941		94,023
Other current assets		70,910		3,502,550
Other receivables, net		656,835		3,545,753
Total current assets		63,089,115		62,590,282

Pledged deposits		48,752		462,835
Property and equipment, net		77,073		65,073
Intangible assets, net		3,123,394		3,977,867
Right of use assets		37,313		346,017
Goodwill		267,331		261,087
Total non-current assets		3,553,863		5,112,879

Total Assets	$	66,642,978	$	67,703,161

LIABILITIES
Customer pledged deposits	$	7,846	$	7,664
Unearned income		72,523		130,772
Reserve for financial guarantee losses		651,341		579,364
Dividends payable		480,000		480,000
Tax payable		2,614,257		1,767,214
Due to related parties		123,117		281,369
Warrant liabilities		16,998		13,977
Operating lease liabilities, current portion		65,498		191,643
Accrued expenses and other liabilities		1,155,903		1,642,060
Bank loans		5,961,460		8,826,054
Total current liabilities		11,148,943		13,920,117

Operating lease liabilities, noncurrent portion		–		102,767
Deferred tax liabilities		544,355		793,848
Total non-current Liabilities		544,355		896,615

Total Liabilities	$	11,693,298	$	14,816,732

Commitments and Contingencies		–		–

Shareholders’ Equity
Ordinary Share, no par value, unlimited shares authorized; 25,287,851 and 25,287,851 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively		–		–
Class A convertible preferred shares, no par value, unlimited shares authorized; 715,000 and 715,000 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively	$	11,711,727	$	11,025,327
Class B convertible preferred shares, no par value, unlimited shares authorized; 291,795,150 and 291,795,150 shares issued and outstanding as of December 31, 2021 and December 31, 2020, respectively		31,087,732		31,087,732
Additional paid-in capital		3,312,189		3,312,189
Statutory reserve		362,797		202,592
Accumulated deficit		(14,805,802)		(14,330,288)
Accumulated other comprehensive income		3,128,086		2,310,369
Total Roan Holdings Group Co., Ltd.’s Shareholders’ Equity	$	34,796,729	$	33,607,921

Noncontrolling interests		20,152,951		19,278,508
Total Equity		54,949,680		52,886,429
Total Liabilities and Equity	$	66,642,978	$	67,703,161

ROAN HOLDINGS GROUP CO., LTD.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Years Ended December 31, 2021, 2020 and 2019

(Expressed in U.S. dollar, except for the number of shares)

For the Years Ended
December 31,

2021

2020

2019

Revenues from services

793,291

2,128,153

639,220

Revenues from healthcare service packages

–

55,301

–

Cost of revenues

–

(50,774)

(8,080)

Net revenues of services

793,291

2,132,680

631,140

Commissions and fees on financial guarantee services

456,944

375,471

8,797

Provision for financial guarantee services

(57,417)

(89,865)

(5,008)

Commission and fee income on guarantee services, net

399,527

285,606

3,789

Interest and fees income

Interest and fees on direct loans

–

1,153

Interest income on loans due from third parties

2,113,918

2,131,447

34,707

Interest income from factoring business

–

2,782,332

Interest income on deposits with banks

300,749

348,389

64,636

Total interest and fee income

2,414,667

2,479,836

2,882,828

Interest expense

Interest expenses and fees on secured loans

–

(2,218,815)

Net interest income

2,414,667

2,479,836

664,013

Provision for loan losses

–

(2,244,601)

Net interest income (loss) after provision for loan losses

2,414,667

2,479,836

(1,580,588)

Operating income (loss)

3,607,485

4,898,122

(945,659)

Total operating expenses

Salaries and employee surcharges

(1,054,509)

(1,116,482)

(512,314)

Other operating expenses

(2,241,069)

(2,995,098)

(1,385,259)

Changes in fair value of warrant liabilities

(3,021)

5,961

530,863

Total operating expenses

(3,298,599)

(4,105,619)

(1,366,710)

Other income (expenses)

Deconsolidation gain (loss)

490,283

(1,953,248)

–

Interest income (expenses), net

(267,184)

–

Other income (expense), net

554,167

76,406

–

Total other income (expenses)

777,266

(1,876,842)

–

Income (Loss) before income taxes

1,086,152

(1,084,339)

(2,312,369)

Income tax (expenses) recovery

(328,851)

229,733

(244,741)

Net income (loss) from continuing operations

757,301

(854,606)

(2,557,110)

Net income from discontinued operations, net of income tax

–

26,846,018

Net income (loss)

757,301

(854,606)

24,288,908

Dividend – convertible redeemable Class A preferred share

–

(686,400)

Net income attributable to noncontrolling interests

(386,210)

(838,048)

(76,108)

Net income (loss) attributable to Roan Holding Group Co., Ltd.’s
shareholders

371,091

(1,692,654)

23,526,400

Other comprehensive (loss) income

Foreign currency translation adjustment

1,308,444

3,461,980

1,435,262

Reclassified to net gain from discontinued operations

–

2,691,969

1,308,444

3,461,980

4,127,231

Comprehensive income

2,065,745

2,607,374

28,416,139

Other comprehensive income attributable to noncontrolling interests

(488,233)

(1,334,101)

(97,733)

Dividend – convertible redeemable Class A preferred share

–

(686,400)

Net income attributable to noncontrolling interests

(386,210)

(838,048)

(76,108)

Total comprehensive income attributable to Roan Holdings Group
Co., Ltd.’s shareholders

1,191,302

435,226

27,555,898

Weighted average number of ordinary share outstanding

Basic and Diluted*

25,287,887

Earnings (Loss) per share

Net earnings (loss) per share – Basic and Diluted

0.01

(0.07)

0.93

Net earnings (loss) per share from continuing operations – Basic and
Diluted

0.01

(0.07)

(0.13)

Net earnings per share from discontinued operations – Basic and Diluted

–

1.06

ROAN HOLDINGS GROUP CO., LTD.
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2021, 2020 and 2019
(Expressed in U.S. dollar, except for the number of shares)


	For the Years Ended December 31,
	2021		2020		2019
Cash Flows from Operating Activities:
Net income (loss)	$	757,301	$	(854,606)	$	24,288,908
Less: Net loss from discontinued operations		–		–		26,846,018
Net loss from continuing operations		757,301		(854,606)		(2,557,110)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expenses		1,134,738		1,102,298		55,498
Provision for credit losses		48,518		316,014		–
Provision for loan losses		–		–		2,244,601
Provision for financial guarantee losses		57,417		89,865		5,008
Deferred tax expenses		(265,421)		(1,001,372)		57,674
Changes in fair value of warrant liabilities		3,021		(5,961)		(530,863)
Net gain from disposal of fixed assets		(33,246)		(136,682)		–
Gain from lease modification		(603)		22,257		–
Accretion of finance leases		7,605		14,757		–
Gain (loss) from deconsolidation of subsidiaries		(490,283)		1,953,248		–
Changes in operating assets and liabilities:
Accounts receivable		(7,495)		(3,116,533)		(206,442)
Inventory		(3,250)		(30,348)		–
Interest and fees receivable		–		–		(149,013)
Other current assets		3,431,640		(3,215,702)		(289,694)
Other receivables		2,425,003		(3,268,571)		–
Pledged deposits and other non-current assets		414,265		359,202		–
Advances from customers		(58,249)		7,915		(6,702)
Tax payable		847,043		1,029,919		273,589
Accrued expenses and other liabilities		449,971		(727,211)		28,875
Net Cash Provided by (Used in) Operating Activities from Continuing Operations		8,717,975		(7,461,511)		(1,074,579)
Net Cash Used in Operating Activities from Discontinued Operations		–		–		(26,564)
Net Cash Provided by (Used in) Operating Activities		8,717,975		(7,461,511)		(1,101,143)

Cash Flows from Investing Activities:
Repayment of loans from factoring customers		–		–		107,833,488
Proceeds of loans from third parties		20,499,442		–		–
Loans disbursement to third parties		(26,100,286)		(3,467,607)		–
Loans disbursement to factoring customers		–		–		(43,422,881)
Purchases of property and equipment		(54,569)		–		(833)
Acquisition of a subsidiary		–		–		(427,318)
Acquisition of cash from acquired subsidiary		–		–		21,442,122
Proceeds from disposal of discontinued operations		–		–		504,713
Net inflow related to deconsolidation of subsidiaries		788		61,121		–
Redemption of short-term investment		–		8,690,374		–
Due to (from) related party		(70,169)		210,774		–
Proceeds from sale of property and equipment		40,305		837,969		–
Net Cash (Used in) Provided by Investing Activities from Continuing Operations		(5,684,489)		6,332,631		85,929,291
Net Cash Provided by Investing Activities from Discontinued Operations		–		–		35,765
Net Cash (Used in) Provided by Investing Activities		(5,684,489)		6,332,631		85,965,056

Cash Flows from Financing Activities:
Borrowing from a related party		–		–		279,020
Proceeds from bank loans		5,889,179		8,341,311		–
Repayment of bank loans		(8,927,555)		–		–
Proceeds from secured loans		–		–		43,422,881
Repayment of secured loans		–		–		(107,833,488)
Repayment of third-party loans		–		(280,268)		–
Repayment of lease liabilities		(76,102)		(207,891)		–
Net Cash (Used in) Provided by Financing Activities from Continuing Operations		(3,114,478)		7,853,152		(64,131,587)
Net Cash Used in Financing Activities from Discontinued Operations		–		–		(7,251)
Net Cash (Used in) Provided by Financing Activities		(3,114,478)		7,853,152		(64,138,838)


Effect of exchange rate changes on cash, cash equivalents, and restricted cash in banks		914,219		1,937,807		119,326

Net increase in cash, cash equivalents, and restricted cash in banks		833,227		8,662,079		20,844,401
Cash, cash equivalents, and restricted cash in banks at beginning of year		30,807,604		22,145,525		1,301,124
Cash, cash equivalents, and restricted cash in banks at end of year	$	31,640,831	$	30,807,604	$	22,145,525

Supplemental Cash Flow Information
Cash paid for interest expense	$	269,400	$	–	$	–
Cash paid for income tax	$	–	$	–	$	–

Noncash investing activities
Acquisition of a subsidiary by issuance of Class B Preferred Shares	$	–	$	–	$	31,087,732
Receivable from disposal of discontinued operations	$	–	$	–	$	940,829
Right of use assets obtained in exchange for operating lease obligations	$	–	$	–	$	615,000

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statement of financial position that sum to the total of the same amounts shown in the consolidated statements of cash flows:

			December 31, 2021		December 31, 2020
Cash and cash equivalents			$	1,947,142	$	4,932,048
Restricted cash in banks				29,693,689		25,875,556
Total cash, cash equivalents and restricted cash			$	31,640,831	$	30,807,604

View original content:https://www.prnewswire.com/news-releases/roan-holdings-group-co-ltd-reports-2021-financial-year-results-301531269.html

Source: Roan Holdings Group Co., Ltd.

PR Newswire

ReneSola Power Appoints Ramnath Iyer as a Director

April 22, 2022 TechENT Syndication Leave a comment

STAMFORD, Conn., April 22, 2022 /PRNewswire/ — ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that Ke Chen has stepped down as a Director of the Company and that it has appointed Ramnath Iyer, Head of ESG Asia of Invartis Consulting, to its Board of Directors effective April 20, 2022. Ke Chen will remain serving in the capacity of Chief Financial Officer.

Mr. Iyer brings extensive capital markets experience from his prior roles as portfolio manager to multiple international asset management firms, and strategist role at investment banks. In addition, Mr. Iyer brings significant knowledge and expertise on sustainability, environmental, social, and governance (ESG) from his current role as the Head of ESG Asia at Invartis Consulting where he helps institutional investors and buyside funds integrate ESG and sustainability practices into their investing processes.

“We are pleased to welcome Ramnath as our fellow director”, Said Himanshu Shah. “His extensive experience in ESG complements our Board’s efforts to strengthen our sustainability practices around environmental stewardship, social responsibility, and corporate governance. We look forward to his many contributions.”

About ReneSola Power

ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator. The Company focuses on solar power project development, construction management and project financing services. With local professional teams in more than 10 countries around the world, the business is spread across number of regions where the solar power project markets are growing rapidly and can sustain that growth due to improved clarity around government policies. The Company’s strategy is to pursue high-margin project development opportunities in these profitable and growing markets; specifically, in the U.S. and Europe, where the Company has a market-leading position in several geographies, including Poland, Hungary, Minnesota and New York. For more information, please visit www.renesolapower.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/renesola-power-appoints-ramnath-iyer-as-a-director-301529313.html

Source: ReneSola Ltd.

PR Newswire

Japan’s first laser nuclear fusion company, EX-Fusion raises 130 million JPY in pre-seed round, paving way for the development of critical components needed for commercialization of nuclear fusion

April 18, 2022 TechENT Syndication Leave a comment

Funds will be used to develop technologies that enable continuous injection of target material and auto tracking and alignment of the laser systems to build a commercial fusion reactor

OSAKA, Japan, April 18, 2022 /PRNewswire/ — EX-Fusion Inc., the first startup in Japan aimed at commercializing laser based fusion energy, announced on March 31, 2022 that it has closed a pre-seed round funding of 130 million Japanese yen. The pre-seed round was led by ANRI, a Tokyo based venture capital firm, along with Osaka University Venture Capital (OUVC) and was the first company funded within ANRI’s latest ESG specific fund.

EX-Fusion Team Photo, from left to right: Kenjiro Takahashi, Takayoshi Norimatsu, Kazuki Matsuo, Yoshitaka Mori, Koichi Masuda

The funding enables EX-Fusion to accelerate the development of the continuous target supply system (CTSS) and the laser target tracking system (LTTS), both fundamental systems for the commercialization of laser powered nuclear fusion reactors. By combining the two systems, EX-Fusion aims to demonstrate the feasibility of high frequency repetition laser plasma experiments using high power pulse lasers and to demonstrate the ability to continuously generate neutrons in sequential laser fusion reactions.

EX-Fusion was co-founded between Kazuki Matsuo, postdoctoral research fellow at University of California San Diego, Shinsuke Fujioka, professor at the Institute of Laser Engineering at Osaka University, and Yoshitaka Mori, associate professor at the Graduate School for the Creation of New Photonics Industries.

“We believe that nuclear fusion is the solution for meeting our global energy needs and helping the world reach carbon neutrality by 2050,” said Matsuo. “And by focusing our research and development around the fundamental technology related to commercial operation of laser-based nuclear fusion, we can achieve safe and affordable clean energy faster. This initial funding will kick start our efforts to build the two systems, continuous target supply system and laser target tracking system, which will prove that continuous target injection as well as laser targeting can be achieved at or above 10Hz.”

Masahiro Sameshima, Partner at ANRI, said,

“I have been encouraging researchers to establish their own ventures with the hope of creating a nuclear fusion venture that could become a new power source in Japan. I am thrilled to be supporting the launch of EX-Fusion from the beginning. Investment in fusion ventures is accelerating around the world toward the realization of fusion technology, and Japan is lagging far behind in terms of the amount of funds raised. However, we are not pessimistic about this, and are determined to help refine EX-Fusion’s original technology and prove that we can compete on the world stage. Furthermore, we hope to apply this laser technology to various fields such as processing of metal materials and semiconductor manufacturing.”

Yousuke Hirai, Investment Principle at OUVC, said,

“I am very excited to be investing into the EX-Fusion team whose goal is to provide the ultimate clean energy in the form of commercial nuclear fusion power. While we realize that laser based nuclear fusion is one of many forms of nuclear fusion, there have been rapid advancements in the field of laser fusion recently and thus is considered one of the most commercially viable methods amongst various nuclear fusion methods. By taking the learnings from the research conducted at Osaka University over the past 50 years, EX-Fusion will lead the advancement of laser nuclear fusion and pave the path to commercialization of the technology.”

EX-Fusion is collaborating with the Institute of Laser Engineering (ILE) at Osaka University, the Graduate School for the Creation of New Photonics Industries (GPI) as well as multiple private sector corporations in its development of these technologies. The joint development project with ILE involves the development of the CTSS, which will allow for material targets to be placed inside the fusion reaction chamber continuously, consistently and congruently against the high powered pulse laser system. The collaboration with GPI will be focused on developing the LTTS, which will allow for real-time alignment of multiple lasers such that it can direct the energy at maximum efficiency towards the reactor target.

About EX-Fusion

EX-Fusion is a Japan-based private company aiming to develop the first commercial laser based nuclear fusion reactor for power generation.

Laser fusion is a method of obtaining energy by using a high power laser to compress a mixture of deuterium and tritium to high density and heat it to high temperature, causing a nuclear fusion reaction. Research is being conducted mainly in the US, Japan, France, the UK, China, and Russia.

In the U.S., in August 2021, an experiment at the National Ignition Facility (NIF) of Lawrence Livermore National Laboratory achieved a fusion output of 1.35 megajoules, which is more than 70% of the laser input energy. This demonstrated that it is possible to ignite and burn fusion fuel using a laser method.

On the other hand, in order to realize a commercial reactor, it is necessary to (i) improve the efficiency of fusion reaction generation, i.e., to achieve a fusion power that exceeds the laser input energy, and (ii) to generate a steady-state fusion reaction with a repetition rate of about 10 Hz and to recover the fusion energy and convert it into consumable energy forms such as electricity and hydrogen. In Japan, for (i) improving the efficiency of fusion reaction generation, we are focusing on the fast ignition method, in which high-density fusion fuel is externally heated by a laser, which is expected to increase the efficiency, and experiments are being conducted using the GEKKO XII and LFEX lasers at the Institute of Laser Engineering (ILE), Osaka University. The founder, Kazuki Matsuo is one of the lead researchers on fast ignition and is the world record holder for fast ignition type of reaction ^[1]. The recent results have been referred to in the summary of the world fusion research published by the Advanced Research Projects Agency for Energy (ARPA-E) in the United States ^[2]. Furthermore, as for (ii) fusion generation by high frequency repetition lasers, our executive officer Mori, as a core member of the Graduate School for the Creation of New Photonics Industries (GPI), has been conducting joint research with Toyota Motor Corporation and other partner institutions using high power lasers developed by Hamamatsu Photonics ^[3].

Our company was established to consolidate the knowledge of laser fusion that has been cultivated in Japan and to realize a commercial laser fusion reactor. Currently, we are transferring the 10Hz continuous target feeding system ^[4] owned by the Graduate School for the Creation of New Photonics Industries to our company. With this technology as our core technology, we will start our research and development with the support of our partner institutions.

^[1] K. Matsuo et al., Phys. Rev. Lett. 124, 35001 (2020).

^[2] Samuel E. Wurzel, Scott C. Hsu arXiv:2105.10954v4 (2022)

^[3]Y. Mori et al., J. Plasma Fusion Res. vol. 97, 352-364 (2021) (written in Japanese).

^[4] Y. Mori et al., “Ten-Hz beads pellet injection and laser engagement” Nucl. Fusion. NF-104796.R1 (2021)

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SuperBase Pro Power Station Wins iF Design Award

April 15, 2022 TechENT Syndication Leave a comment

PALO ALTO, Calif., April 15, 2022 /PRNewswire/ — Zendure’s SuperBase Pro has raised nearly $2M USD in crowdfunding and recently received several other distinctions.

SuperBase Pro, Zendure’s flagship power station, has received the illustrious iF Design Award in outdoor products from iF Design in Germany. The globally recognized awards celebrate products that excel in design, and the winners are selected by jurors from around the world.

Zendure’s power station is called “the world’s fastest recharging IoT portable power station”, capable of an 80% recharge in just one hour. It sports 14 output ports (12 in the EU version) and has built-in wheels and an extending handle for easy portability. It can provide 2,000W of pure sine wave AC power, with a surge capability of 4,000W for high inductive loads like refrigerators, compressors and air conditioners.

Internal IoT hardware gives SuperBase Pro several features that other power stations on the market do not have. Through Zendure’s companion app, users can monitor and control various aspects of the power station, see its location through GPS, and even track carbon offset and green energy usage.

The power station launched on Indiegogo last year and on Makuake in Japan earlier this year, raising nearly $2 million USD from backers all around the world. It has been popular among campers, outdoor enthusiasts and van-lifers, and is also quickly becoming a staple in emergency preparedness kits. Unlike a traditional gas-powered generator, SuperBase Pro is safe to use indoors and does not require fuel to operate.

Zendure’s power station is solar friendly, so even if a disaster weakens crucial infrastructure, users can collect solar energy and power their essential devices. Photovoltaic arrays of up to 1,800W are supported by SuperBase Pro.

SuperBase Pro 2000 can be ordered from Zendure.com, with delivery to the US projected for the end of May.

Zendure is a portable power company with a focus on sustainable energy located in Silicon Valley in the United States and the Guangdong – Hong Kong – Macao Greater Bay Area in China. Since its establishment, Zendure has continuously launched innovative products, made rapid breakthroughs in the core technologies of energy storage and power supplies, and continues to bring pleasant surprises to the user experience. The company recently received a multi-million dollar series-A round of funding through a joint investment from Shanghai GP Capital and YOTRIO group.

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Gridtential Signs Development Agreement with Camel Energy and a Top-Three U.S. Automaker, Marking Entry into Automotive Battery Market

April 5, 2022 TechENT Syndication Leave a comment

SANTA CLARA, Calif., April 5, 2022 /PRNewswire/ — Gridtential Energy, the inventor of Silicon Joule® bipole battery technology, today announced a product development agreement with Camel Energy, the largest car battery manufacturer in Asia, and a top-three U.S. automaker that is supplied by Camel. The agreement is targeted to culminate in the delivery of start/stop batteries for internal combustion engine (ICE) vehicles. The same technology architecture can be used for low-voltage batteries in electric vehicles and extended to support the 48V batteries most often used in mild-hybrid vehicles.

The partnership positions Gridtential to capitalize on fast-growing demand in the automotive industry for a better alternative to the standard 12V car battery.

Camel has been approached by several large automotive companies to deliver Silicon Joule bipole advanced batteries for their vehicles. By replacing traditional lead plates with specially-formulated silicon hybrid bipoles, silicon hybrid batteries increase standard power density by three-fold, reduce weight by 30% or more, and have improved charge acceptance (at least a 3x increase in dynamic charge acceptance). Silicon hybrid batteries also can operate at higher temperatures and tolerate vibration better than traditional lead-based batteries — key metrics for the automotive industry.

Camel’s silicon hybrid batteries will have at least twice the lifespan of a traditional 12V lead battery, making them an attractive option for automotive manufacturers.

Under the agreement, Gridtential and Camel engineering teams will work closely to optimize the thin-plate cell design and manufacturing of advanced bipole batteries. They will also verify metrics of cycle life, energy density, battery efficiency and charge acceptance.

Zubo Zhang, President of Camel Energy, Inc (CEI) said: “Along with our customers, we have been following the promise and advancements in bipole technology for many years. Gridtential’s technology readily scales, allowing us to offer a suite of bipole batteries for the transportation and other markets where Camel is dominant. This all works well with Camel’s interest to expand our localization in North America with major automotive customers.”

“It is great to share a vision of vehicle electrification with major automakers. Our silicon hybrid technology is poised to play a vital role in that future,” said Gridtential CEO John Barton. “There’s a growing recognition in the marketplace that innovative design and optimization of conventional active materials offers a safer alternative to lithium-ion with comparable performance and lower cost. We look forward to partnering with Camel and its automotive customers to hone the design, performance and manufacturing of these batteries as they build market share with industry redefining products.”

One of the key components that will improve the performance and efficiency of Camel batteries is the Silicon Joule PowerPlate™, which sits between thin battery cells and will be coated with Camel’s active material. Combined with a lightweight bipole design and a 99% recyclability rate for the lead inside, Camel’s batteries with Silicon Joule technology will be a much more sustainable and readily available alternative to lithium-ion batteries.

Silicon Joule is a revolutionary battery technology that substitutes treated silicon wafers, like those found in solar panels, for conventional lead grids to create an advanced AGM lead battery. It delivers increased power density and a deeper depth of discharge at a 75 percent lower levelized cost of electricity (LCOE) than conventional lead batteries.

Gridtential has development agreements with 15 battery makers. To inquire about the Silicon Joule Evaluation Program, contact Gridtential here.

About Gridtential
Gridtential is the creator of Silicon Joule®, breakthrough silicon hybrid technology that provides a lower-cost, safer, greener alternative to lithium-ion. Inspired by solar technology, Silicon Joule dramatically improves cycle life, power delivery, and discharge rate while reducing weight by 30%, delivering superior performance for deep-cycle and power applications including personal electric vehicles, renewable energy storage systems and hybrid automotive.

Gridtential Energy provides Silicon Joule reference batteries, development kits, bipole materials and non-exclusive licenses, enabling manufacturing partners to easily adapt their factories to provide high-performing, higher voltage 24V, 36V & 48V batteries to their customers for the hybrid-automotive, Low-Speed EV (LSEV), energy storage system (ESS) & telecom backup markets, all without gigascale capital investments.

Silicon Joule is in use today by 15 battery partners and several OEMs. Based in Santa Clara, Calif., Gridtential’s investors include The Roda Group and 1955 Capital.

About Camel
Founded in 1980, Camel Group Co. is the largest car battery manufacturer in Asia and specializes in the R&D, production and sales of lead-acid batteries. It also works with producers of EV lithium-ion batteries and used battery recyclers.

Its products cover automotive starter, start-stop, lithium-ion and traction batteries. Camel batteries are widely used in cars, trucks, agricultural vehicles, golf carts, electric vehicles and other applications. Camel is innovating new energy solutions for the vehicles of the future and is committed to green energy manufacturing, recycling and enabling a low-carbon life for mankind.

Media Contact
Josh Green
Firebrand Communications
gridtential@firebrand.marketing
415 848 9175

Logo – https://techent.tv/wp-content/uploads/2022/04/gridtential-signs-development-agreement-with-camel-energy-and-a-top-three-u-s-automaker-marking-entry-into-automotive-battery-market.jpg

Source: Gridtential Energy, Inc.

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Horwin Brasil and CBMM team up to apply ultra-fast charging Niobium batteries in electric motorcycles

April 4, 2022 TechENT Syndication Leave a comment

Vehicle will be a pioneer in using a battery with Niobium. The model will be presented in the first half of the year, and is expected to hit the market in 2024

SÃO PAULO, April 4, 2022 /PRNewswire/ — Aiming to expand access to clean energy and contribute to the popularization of electromobility in the country, Horwin Brasil, an electric motorcycle company, has partnered with the Brazilian CBMM, the world’s leading specialist in Niobium technologies. The objective of the agreement is to apply a lithium-ion battery with Niobium in electric two-wheel vehicles.

Horwin – CR6 (Credit: Horwin Brasil)

“The partnership with Horwin Brasil is important, as it accelerates the application of ultra-fast recharge batteries with Niobium in motorcycles as well”, says Rogério Marques Ribas, manager of the CBMM Battery Program.

According to Horwin Brasil’s CEO, Pricilla Favero, this project prototype will be presented in the first half of 2022. Horwin’s CR6 model motorcycle will be used, which has 6,200W of engine power and up to 150 km of autonomy. “With CBMM’s expertise and pioneering spirit, added to our highly skilled team in developing new solutions, the expectation is that the motorcycle with a Niobium battery will be available in the Brazilian market as early as 2024.

“We work so that, soon, anyone will be able to use an electric motorcycle with ultra-fast charge of up to ten minutes. In addition to this recharge differential, Niobium batteries bring significant benefits in terms of safety and battery life, as they allow up to 20,000 charges under a relatively wide range, which alone is the greatest advance for this sector in recent times”, complements Pricilla.

Ribas adds that the technology to be used in the electric motorcycle’s battery is the result of more than three years of research and development by collaborating CBMM and Japanese company Toshiba Corporation.

The CBMM manager explains that “the use of Niobium oxide in the anode of lithium-ion batteries provides special features for this component. Being a very stable element, it allows safer and more efficient operations. Furthermore, due to its more open crystal structure, which facilitates lithium intercalation, it allows a full recharge in less than ten minutes, without damaging the battery”. He adds that, due to these unique characteristics, batteries with Niobium are safer and have a much longer useful life than traditional batteries.”

Toshiba Corporation explains that “Toshiba has been focusing our attention on the possibility of Niobium Titanium Oxide (NTO) as a next-generation anode material that will help increase the battery capacity while maintaining the excellent characteristics of lithium titanium oxide (LTO), the conventional anode material of SCiB™. NTO has roughly three times higher theoretical volume capacity density than LTO while providing the advantages of LTO such as long life and rapid charging.”

INNOVATION

Ribas reinforces that “CBMM already works with several companies in the automotive industry, whether in vehicular structures or in developing Niobium applications for electric mobility”. An example is the partnership with Volkswagen Caminhões e Ônibus – VWCO. Announced in 2021, it provides for the application of Niobium batteries in large electric vehicles, which will begin to be tested in 2023, at the VWCO factory, in the city of Resende, state of Rio de Janeiro, and later at CBMM’s industrial plant in Araxá, in the state of Minas Gerais, both in Brazil.

About Horwin Brasil

Horwin Brasil is part of the Horwin Global group, today with more than 700 distributors worldwide, and exporting to more than 60 countries. Horwin’s focus has always been on developing a high-powered electric motorcycle with superior design, quality, and technology. All Horwin products reflect this. In Brazil, we already have a distribution center in Manaus and, by the end of 2022, each region of the country will have a Horwin distributor / dealer. We at Horwin Brasil, from the second half of 2024, will use this new Niobium battery technology on all our motorcycles, charging in less than ten minutes.

About CBMM

CBMM is the world leader in the production and commercialization of Niobium products and has been in the market for over 60 years. CBMM is headquartered in Brazil, with subsidiaries in the United States, the Netherlands, Singapore and Switzerland and representative offices in China. CBMM manufactures and supplies niobium products and develops applications for the infrastructure, mobility, aerospace, health and energy sectors. The company has more than 400 clients in 50 countries. Its business model is guided by solid corporate governance and is based on guaranteed supply and development of new technologies in partnership with the most renowned research centers worldwide.

Find out more about Niobium technologies
Website: www.Niobium.tech
LinkedIn: Niobium.tech
Instagram: @Niobium.tech
Twitter: Niobium_Nb
Youtube: Niobium.tech

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ECA Group and iXblue enter exclusive negotiations period to create new European high-tech champion.

March 15, 2022 TechENT Syndication Leave a comment

SAINT-GERMAIN-EN-LAYE, France and TOULON, France, March 15, 2022 — ECA Group and iXblue have entered an exclusive negotiations period to bring the two French companies together. Carried out by Group Gorgé, this operation will lead to the rise of a European high-tech industrial champion in the fields of maritime, inertial navigation, space and photonics.

iXblue DriX Uncrewed Surface Vehicle

Long-standing partners, ECA Group and iXblue benefit from strong technological and commercial synergies. Bringing those two companies together will create a world-class player in the civil and defense sectors. With a unique offer ranging from components to complex systems, the group will provide high performance solutions for critical missions in harsh environments.

"Our two companies share the same culture of innovation, agility and entrepreneurship that are at the heart of each of our DNAs and for which we are both recognized and valued," explains Fabien Napolitano, President & CEO of iXblue. "The new synergies created will not only ensure we keep this DNA but will also strengthen our capacity for innovation by leveraging our complementary expertise. This will allow us to continue to push the technological frontiers and support our customers in their most demanding challenges."

"The joining of our two companies, which will employ over 1,500 people, offers great growth opportunities," rejoices Dominique Giannoni, CEO of ECA Group. "Once combined, our various technological expertise will greatly help strengthen our leadership positions in our markets, while our complementary geographical footprint will enable us to better serve our customers by being closer to them."

About ECA Group

ECA Group is a subsidiary of Groupe Gorgé since 1992, owned at 100%. The company is one of the world leaders in the field of autonomous robotics and integrated systems, particularly in the naval sector. The company provides its customers with the most efficient and technologically advanced solutions in the field of naval, land and air drones. ECA Group also offers innovative technological solutions for the Aeronautics and Space sectors.

About iXblue

iXblue is a global high-tech company recognized worldwide for delivering advanced navigation, photonics and maritime autonomy solutions. From components to systems and comprehensive solutions, iXblue critical technologies are at work in both the civil and defense markets. They meet customers demanding requirements for successful missions in the most challenging environments, from the deep sea to outer space.

iXblue
Marion Seyve
Global Marketing & Communication Manager
marion.seyve@ixblue.com

ECA Group
Heli Reinikainen
Marketing Manager
reinikainen.h@ecagroup.com

ECA Group A18D Autonomous Underwater Vehicle

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SGS assesses that NaaS reduces Carbon Emissions by 896,800 tons a year

February 12, 2022 TechENT Syndication Leave a comment

BEIJING, Feb. 12, 2022 — It is commonly said that new energy vehicles (EV) promotes green energy and travel, so then just how much are emissions reduced by EVs, as compared to traditional internal combustion engine (ICE) vehicles? Recently, NaaS (the "Company"), one of China’s leading new energy operations and technology providers, revealed the answer by enabling the transition from ICEs to EVs and facilitating the aforementioned emissions and carbon reduction, receiving recognition from the international testing agency SGS for the amount of emissions reduced in the process. According to SGS’s "Assessment Report of Greenhouse Gas Emission Reductions on Alternative Traveling by NaaS Electric Vehicles" (the "SGS Assessment Report"), in 2021, NaaS, through the Company’s cooperation with Kuaidian and other partners, provided charging services that reduced carbon emissions by 896,800 tons, based on emissions of 661,100 tons versus the 1,557,9000 tons that would have been emitted by traditional ICEs for the same distances travelled.

The SGS Assessment Report relied on the Clean Development Mechanism (CDM), the 2006 IPCC Guidelines for National Greenhouse Gas Inventories, and the China Certified Emission Reduction (CCER)’s related process and methodologies to make the assessment, and primarily focused on the greenhouse emissions related to EVs that used NaaS’ partner Kuaidian’s related charging services.

Recently, the global adoption of EVs has reached a breakthrough. In 2021, China’s EV sales and penetration rate continues to grow rapidly month on month, and the market has reached a stage of explosive growth. According to statistics from the Public Security Bureau, at the end of 2021, the total number of EVs in China reached 7.84 million, representing 2.6% of all automobiles, and an increase of 59.25% year on year. According to the China Passenger Cars Association (CPCA)’s latest projections, total sales of new EVs is expected to exceed 6 million in 2022, representing a market penetration rate of approximately 22%. In addition, based on the Ouyang Team’s analysis and estimates, China’s new EV sales will reach between 17 million and 19 million by 2030. In terms of total number of EVs on the road, total EVs in China will reach approximately 100 million by 2030, nearly 200 million by 2035, and nearly 300 million by 2040.

Based on the expected increase in the number of EVs on the road in China, it can be anticipated that the trends driving the transition from ICEs to EVs will continue to strengthen, and bring with it an increasingly strong decarbonization effect. These trends also mean that the market for EV charging services in China have tremendous room for growth and potential for development. NaaS, as an enabler and strong supporter of EV adoption and the government’s "Dual Carbon" goals, provides the charging infrastructure and services that enables green energy and travel. NaaS, through the Company’s electric charging partners, reliable technology, and strong operational capabilities, will continue to contribute strongly to the decarbonization of transportation services.

As an EV charging operations and technology provider, NaaS services China’s fast public charging network by providing software services, hardware and equipment, and integrated technical support, and is a preferred partner within the EV charging industry. NaaS aims to make EV charging more convenient, faster, and the experience better, and enable all members of the industry value chain to improve efficiency and effectiveness. The Company aims to raise the utilization rates of chargers as part of the structural adjustments in China’s energy industry, and help realize "Carbon Neutrality" in the process.

SGS is an organization with over 140 years of history in testing, inspection and certification, and is headquartered in Switzerland. SGS is globally recognized for quality and trusted standards assessment. SGS has for six continuous years been included in the Dow Jones Sustainability Indexes, and for the past three years in the FTSE ESG index. SGS has over 96,000 employees globally in 2,600 related branch organizations and laboratories. In China, SGS’ services already cover the apparel and shoe industry, electronics, agriculture, food and beverage, chemicals and petroleum, mining, environmental, transportation and e-commerce industries’ upstream and downstream supply chain.

About NaaS

Established in 2019, NaaS is one of China’s leading new energy operations and technology providers. NaaS is China’s leading comprehensive EV charging service platform and is servicing China’s #1 fast charger network with over 175,000 fast chargers. NaaS also offers hardware, software, and technology services and solutions to charger operators and works with all members of the EV charging value chain. NaaS aims to make EV charging easier, better, and more efficient for all stakeholders, and to promote and ensure decarbonization and carbon neutrality throughout the automotive value chain.

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Oukitel launches the Super-fast Recharging (1.5 Hours) 2000Wh Portable Power Station-P2001

January 26, 2022 TechENT Syndication Leave a comment

HONG KONG and SHENZHEN, China, Jan. 26, 2022 — Oukitel, one of the top international consumer electronics manufacturing companies in China, with a 10-year track record of creating batteries with extraordinary capacity and durability, has stepped into the huge capacity mobile power station area aiming to eliminate carbon emission by offering P2001-2000Wh power station with an affordable price and sturdy quality.

Oukitel P2001-2000Wh Power Station Power All Your Needs

The modern lifestyles and the fast growth of consumer electronics adoption are heavily relying on electricity. The increase of power outages globally caused by those natural disasters has aroused a significant concern since it may lead to massive losses at work.

In many countries and areas, there is a huge rise in the adoption of backup power today. The battery, diesel, and gas-powered generators are the most accessible options on the global mobile power station market. The benefits from the battery-powered generator can be commonly recognized in environment protection and maintenance costs.

Oukitel has officially launched its very first crowdfunding project on Kickstarter, which has been 100% funded. Now Oukitel P2001-portable power station is still available on Kickstarter at the lowest price (up to 48% off). It comes with a huge capacity (2000Wh), 2000W AC output, super-fast recharge method (0-100%, 2 hours), and advanced intelligent batteries. This budget power station enables more customers to utilize green power.

Huge Capacity 2000Wh

Best Power Solution for Home Backup

P2001 is the ideal backup power for any unexpected blackout at home. With such a huge capacity, P2001 is designed for peace of mind as it still keeps your home appliances (TV, Microwave, fridge, washer, etc.) running for hours.

If you are into outdoor and on-the-go events with family and friends, P2000 will be a perfect power solution for those electric devices, such as the coffee maker, projector, mini-refrigerator, drone, etc.

AC Output of 2000W, Surge to 4000W

Another marked function that can not be missed is that P2001 can power any heavy-duty tool, even the electric car. It can provide a constant AC output of 2000W, whose surge up to 4000W. P2001 allows you to work in any environment by using your high-wattage devices (Electric drill, circular saw, bench grinder, etc.)

Super-fast recharging 0-100%, 2 Hours

P2001 can be charged by a standard wall outlet, solar panel, electric car, or other power generators. It only takes less than 2 hours to recharge P2001 fully by standard wall outlet.

Need to be faster? P2001 also supports the dual recharging method. Only requests 1.5 hours recharging time if P2001 is powered via 1100W AC Input and 500W solar or 500W adapter simultaneously.

Best solar power storage

P2001 is one of the best solar power storage solutions as it can be recharged by any solar panel (MAX 500W) on the market. Charging P2001 fully is less than 4 hours by using solar panels on a perfect sunny day.

Double Protection: UPS

No need to worry about any damage from a power failure on your fragile electrical products. P2001 Uninterruptible Power Supply (UPS) is built to shield your sensitive and valuable electrical devices. Connecting your essential utilities with P2001, the UPS will continue to provide reliable power automatically in any unpredictable outage.

16 Versatile Recharging Ports

P2001 comes with numerous output ports and outlets. Your various home appliances can be easily powered, moreover, P2001 supports a maximum of 16 devices being powered simultaneously.

Intelligent battery comes with safety: LiFePo4 & BMS

The high-level quality standard is presented by P2001 interior and exterior design. P2001 is armored by the fire protection material (V0 rate). An intelligent temperature control system always keeps all battery packs in a good condition.

P2001 owns 48 brand-new LiFePo4 battery packs from EVE Energy Co., Ltd, which is one of the TOP3 Power Suppliers in China. Compared with a traditional Lead-Acid battery, it features better safety and a longer lifespan.

The built-in advanced Battery Management System (BMS) ensures the battery operates intelligently and safely. The condition of those massive battery packs is always monitored by its intelligent system, any subtle errors or issues can be fixed by BMS automatically. Moreover, BMS protects those batteries from overheating, overload discharging, and over-voltage discharging.

About Oukitel

Oukitel, founded in 2007, specializes in the mobile communication industry. It has a team of seasoned experts covering research and development, manufacturing, supply chain, sales, and marketing areas, and Oukitel has sold 22 million electrical products that are also marked by our commitment to sustainability.

With the consumers’ solid support and our professional team, Oukitel is more confident to move to the portable energy storage area. Oukitel can not only provide an ideal power solution for a power outage and outdoors. More importantly, it has broadly popularized eco-friendly power globally.

Official Website: https://oukitel.com/
P2001-2000Wh Power Station: https://bit.ly/32bWNro

For media inquiries, please contact:
Oukitel
marketingteam@oukitel.com

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Genesis Systems, leading U.S. sustainable water technology start-up, breaks fundraising records with early round led by X-PRIZE’s Global Water Prize Co-founder.

January 26, 2022 TechENT Syndication Leave a comment

TAMPA, Fla., Jan. 26, 2022 — Genesis Systems, creator, and manufacturer of the world’s first and only sustainable air to water systems that can carbon (CO2) capture broke early fund-raising records in the water technology industry. The oversubscribed Seed Series of $10.25 Million enables rapid advancement and revenue growth in key water products and services in global markets.

The energetic round was led by Venture Capitalist and Co-founder of X-PRIZE India and Co-founder of X-PRIZE Water Abundance Prize, Mr. Paresh Ghelani; and institutional investors Southland Holdings, a top U.S. construction syndicate and owner of American Bridge Company, Johnson Bros. Corporation, and Mole; the owners of 1911 Ventures, the nation’s oldest continuously operating venture fund; and Venture Capitalists and Entrepreneurs; Mr. Jordan Noone, Co-Founder of Embed Ventures and former CTO & Co-founder of Relativity Space; and Dr. Ned Allen, Sr. Fellow and Former Chief Scientist at Lockheed Martin.

Mr. Ghelani said, "My partnership with Genesis is personal because as a child growing up without safe water, I know the importance of clean water. It’s commendable to see the rapid technological progress Genesis has made. It’s second to no other air to water tech in terms of efficiency and volume. This tech is something humanity must have for sustainable water supplies. The Genesis team’s passion, drive, and precision in addressing perhaps the single most important natural resource crisis humanity faces is unmatched."

Other notable participants in the round included Ambassador R. James Woolsey, 16^th Director of Central Intelligence, and Mr. Phil Sumrall, former Apollo Program Engineer and Director of Advanced Programs at NASA, and Mr. Chad Hennings COO of Rubicon Representation, a former NFL player with three Superbowl Championship Rings.

Genesis Systems exited stealth in 2021 with the debut of WaterCube™ a one-of-a-kind water generator that makes 1,000-2,000 gallons a day from air using nano-liquids. WaterCube™ systems are the most efficient freshwater production systems on earth that scale-up. Genesis’ novel liquid-based technologies can generate mass water from the air at volumes between 100 gallons and 100 million gallons (306.7-acre feet) a day. The breakthrough technology can operate at low humidity and in weather conditions that excel beyond all current approaches to atmospheric water generation.

Genesis Systems are designed to operate in the most arid regions on earth, including the Middle East and North Africa, as well water-scarce areas in the United States, Australia, and Europe. WaterCube™ is available for order via Genesis’ Fortune 500 distribution and sales and leasing channels Richie Bros. and IronPlanet.com the largest equipment clearing houses in the world and at www.genesissystems.global.

Genesis was recently named a Top 100 Startup™ and Best Startup™ and has won multiple awards and accolades for sustainable step-change water technologies. Genesis was incubated by FedTech, via U.S. Army Futures Command, and has won multiple U.S. Air Force grants and competitions including U.S. Army X-Tech Search 5, The Department of Defense Reimagining Energy Challenge, and letters of technical merit from the U.S. Air Force Research Laboratory.

Genesis’ expansion and growth is fueled by customer pull driven by the expansion of global water scarcity and demand for better and more efficient technologies. According to the World Bank Group, water scarcity will negatively impact some national GDPs up to -18 percent. BlackRock forecasts domestic water scarcity will put 66% of 84,000 surveyed U.S. Real Estate Investment Trusts (REITs) at risk by 2030.

Genesis’ CEO and Co-founder, Shannon Stuckenberg said, "Just a few short years ago we set out on a no-fail mission: Sustainably solve global water scarcity. We didn’t anticipate scarcity would progress this rapidly, but we began developing new technical approaches knowing these had to be ready. Because we’re proactive, we can provide water where, when, and how customers need it." Stuckenberg is a female CEO empowered to undertake a special mission, "Every time Genesis Systems places life-sustaining products, we near a future when everyone on earth can access essential water in the air around them. No person should be without water. And that understanding propels us at incredible speeds."

The Seed Series allows Genesis to open international markets, finalize the development of complementary water products and services, and increase commercialization staffing. Among the unique services, Genesis plans to provide is Water as a Service (WaaS) & water sale agreements to high-use customers (such as manufacturing and communities).

Genesis’ water technology may be powered by solar, wind, geothermal, or waste energy. The company plans to make carbon captures feature available on WaterCubes™ within 36 months. Stuckenberg noted, "The ability to field carbon neutral or even carbon negative water generators is something we should able to do more economically than most," according to Stuckenberg, "But our core focus right now is providing new freshwater supplies."

Citi’s Chief Economist Willem Buiter predicted in 2011, "Water as an asset class will, in my view, eventually become the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals." This forecast is materializing as nations increasingly face the prospect of lower credit ratings and supply-chain disruptions due to failing water supplies according to Fitch.

Released by Marston & Webb of New York, NY

NOTE REGARDING FORWARD-LOOKING STATEMENTS

Throughout this press release, Genesis Systems (the "Company") makes forward-looking statements. Forward-looking statements include the words "may," "will," "estimate," "continue," "believe," "expect", "likely", "should" or "anticipate" and other similar words. These forward-looking statements generally relate to our business plans and objectives for future operations and are based upon our reasonable estimates of future results or trends. Although the Company believes that its investment plans and objectives reflected in or suggested by such forward-looking statements are reasonable, such plans or objectives may not be achieved. Actual results may differ substantially from projected results due, but not limited to, unforeseen developments, including developments relating to the following: The availability and adequacy of cash flow to meet financial requirements; economic, demographic, regulatory, and other conditions affecting the Company’s industry; Competition in the Company’s market niche in general; and Geopolitical aspects of the market-place. Other factors beyond the Company’s control.

MEDIA CONTACT
Victor Webb
Marston Webb Intl
Phone:(917) 887-0418
Email: Marwebint@cs.com

Contact
DAVID J. STUCKENBERG, Ph.D.
COO & Co-Founder
Email: D.Stuckenberg@GenesisSystems.global

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