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PR Newswire

GRL’s Qi BST Tester Approved by Wireless Power Consortium for v1.2.4 Base Power Profile

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Integrated, automated, full-featured solution makes Qi wireless charging testing fast, cost-effective and accessible

SANTA CLARA, Calif., Oct. 28, 2021 — Granite River Labs (GRL), a global leader in engineering services and test solutions for connectivity and charging, has announced that its GRL-WP-BST-C3 (GRL-C3) tester has been approved by the Wireless Power Consortium (WPC). The efficient and full-featured Qi wireless charging compliance tester is now recognized as an official compliance tool for the Qi Base Power Profile (BPP) v1.2.4 specification.

Wireless power transmitter design and test offers great promise for developers, but it also presents unique design and test challenges. GRL-C3 offers a host of features, such as Qi Exerciser, Protocol & Trace Viewer, and detailed CTS-mapped test execution that provide flexibility for optimal test coverage and design confidence. GRL-C3 automates all required Qi Base Station tests, enabling product developers to quickly run full compliance and validation test suites at the push of a button, making it ideal for Qi-related R&D and compliance testing.

GRL-C3 simplifies wireless charging compliance for devices supporting all Baseline Power Profile (BPP) tests to Qi specification v1.2.4 and v1.3 for BPP, Extended Power Profile (EPP) and Qi authentication. The solution automates oscilloscope and temperature measurements and supports proprietary varieties of Qi wireless charging, providing flexibility for developers to quickly verify products following Qi standards.

"As a user-friendly and cost-effective Qi tester, GRL-C3 fills a void. It is a valuable tool that enables our engineers to instantaneously run all necessary Qi Base Station tests," said David Bailey, CEO of Xentris Wireless. "The new GRL-C3 is an important addition to both GRL’s and Xentris Wireless’ test solution portfolios for wired and wireless technologies. By increasing confidence and capability, it will help us to reduce costs, accelerate R&D, and get products to market faster."

"The new GRL-C3 is a great addition to GRL’s portfolio of test solutions for wired and wireless technologies, helping to reduce costs and accelerate product introduction," said Mayur Mehta, Vice President of Engineering for indie Semiconductor. "indie is pleased to have worked diligently with GRL to finalize this product’s readiness and confirm its full compliance to the WPC’s specification, thus providing the industry with another reliable option for compliance testing."

"GRL is proud to support the growing Wireless Charging Qi ecosystem by releasing this new, WPC-approved Qi wireless charging compliance tester for BPP," said Vamshi Kandalla, GRL’s Chief Strategy Officer. "GRL-C3 leverages GRL’s expertise in wired and wireless charging to provide a full-featured, integrated solution that enables Qi developers to release reliable and robust wireless charging products efficiently and cost-effectively." 

Availability:
Contact Granite River Labs for additional information or questions regarding GRL-WP-BST-C3 Qi Compliance test solution, including quotes, product demonstrations, software and technical assistance. Please contact us at info@graniteriverlabs.com.

Qi is a registered trademark of WPC.

About Granite River Labs 

Founded in Silicon Valley in 2010, Granite River Labs (GRL) is a leading provider of end-to-end testing, certification and compliance services and related proprietary instrumentation and software solutions to support development and commercialization of sophisticated connected devices. GRL helps engineers solve tough design and validation challenges. GRL was founded with a vision to provide affordable test services to help hardware developers implement digital interface technologies as they become faster, more complex, and more challenging to test. GRL has worked with hundreds of companies supporting the adoption of new and emerging technologies from their worldwide test facilities and R&D centers. GRL’s combination of market-leading technical expertise, broad capabilities across connectivity and charging technologies, and intense focus on quality and customer service excellence has led to rapid growth and recognition as the "go to" expert. Through ongoing testing on retail devices using GRL testers, GTrusted serves as the electronics industry’s connectivity database, using a standardized framework to enable anyone to consistently determine proper device behavior.

For more information, visit www.graniteriverlabs.com. 

About the Wireless Power Consortium

Established in 2008, the Wireless Power Consortium is an open, collaborative standards development group of more than 500 member companies from around the globe. WPC’s member companies are large and small competitors and ecosystem partners representing brands from all parts of the industry and all parts of the globe. Our members collaborate with a single purpose: worldwide compatibility of all wireless chargers and wireless power sources. As wireless charging continues to evolve beyond consumer handheld devices, there are myriad of other new applications, such as laptops, tablets, drones, robots, connected car and the intelligent cordless kitchen. The WPC maintains and develops standards for a variety of different wireless power applications. For more information, visit www.wirelesspowerconsortium.com.

Related Links :

http://www.graniteriverlabs.com

PR Newswire

U Power ties up with Bosch to collaborate on Super Board technology

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The Intelligent EV tech startup completes Pre-A+ funding round

SHANGHAI, Oct. 23, 2021 — U Power, a Chinese Smart EV technology startup, has recently entered into a strategic agreement with German multinational engineering and technology company Bosch, whereby the two companies will collaborate on intelligent vehicle board technology to support the development of U Power’s "UP Super Board." At the same time, the startup has announced the completion of a Pre-A+ round of funding, led by Bosch’s market-oriented investment platform Boyuan Capital. This investment was the third round of financing received by U Power since its inception five months ago and Boyuan Capital’s first investment since being established.

U Power and Bosch cooperation signing ceremony
U Power and Bosch cooperation signing ceremony

Bosch (China) Investment Ltd. EVP Xu Daquan said: "Intelligent electric vehicle development has entered a critical period with platform-level technology guidance and innovation on track to become a new focus for development. One of the key items to come out as a result of these technological advances is the integrated vehicle board that can meet both hardware and software demands for modularization and intelligence, a feature that can greatly reduce production cost and R&D time. U Power is a partner with the right R&D and manufacturing strengths to produce such a component. We are looking forward to working with U Power on furthering integrated chassis technology and supporting the development of China’s intelligent EV industry."

As the lead investor in U Power’s Pre-A+ funding round, Boyuan Capital managing partner and CEO Zhu Lin said the value of traditional automotive supply chains has been changed with the arrival of intelligent automotive manufacturing. While many new players have entered the field, U Power has the right technology in place and therefore looks to be among the most promising. U Power’s proprietary UP Super Board is a breakthrough product that can greatly empower car manufacturing as the sector enters a new stage, greatly shorten the time needed for R&D, and meet the rapid launch and diversified market needs of intelligent EVs in different scenarios. With its many years in its role as a Tier 1 auto supplier and a complete vehicle manufacturer now deeply ingrained in its DNA, the U Power team will bring to the table a whole new approach to intelligent vehicle R&D and a highly imaginative business model for the automotive business chain, alongside its market-leading chassis products, to further reduce costs and increase efficiency. The two companies, as a result of the collaboration, will have a huge head start as the era of intelligent electric vehicle unfolds.

U Power, with its vast experience in manufacturing vehicles under multiple real-life scenarios, will reinvent the entire vehicle development process by moving to a modularization approach whereby the chassis is divided from the body. By redefining the fundamental approach, technical norms and supply chain, U Power’s proprietary UP Super Board can be customized to meet different hardware standards and software platforms, increasing R&D and manufacturing productivity. The existence of the UP Super Board is expected to shorten R&D time to one year and reduce production costs by up to 60%.

Today, China’s intelligent EV industry is exposed to increasingly fierce competition between traditional vehicle makers, new car manufacturers and technology companies. Advances in vehicle modularization and intelligence have made possible the body-chassis-separated manufacturing model. Some international start-ups are already working in this area in collaboration with major automakers. In China, the concept of the "super board" remains fresh. It is an open secret in the industry that more than 50% of the bill of materials (BOM) cost of intelligent EVs is concentrated in the power chassis, opening the door to  the creation of a new "species" like the super board. U Power founder Li Peng said there are many companies from diverse backgrounds that are eager to enter the mobility space, but what holds them back are the high barriers. U Power looks forward to seeing the UP Super Board technology create a level playing field for all those that seek to enter.

PR Newswire

Intelligent Driving Solution Provider JIMU Intelligent Raised CNY 200 million in Series C1 Funding

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WUHAN, China, Oct. 22, 2021 — JIMU Intelligent, the global leading intelligent driving solution provider, has successfully raised CNY 200 million in a Series C1 funding round. This round was jointly led by Forebright Capital and SDIC Unity Capital, followed by well-known institutions such as AVIC Pingshan, Founder H Fund, MY Tsinghua Capital, UMC Capital and others.

The capital raised will allow JIMU Intelligent to further increase its R&D investment in intelligent driving, connectivity and autonomous driving in specific scenarios, continue to expand its customer base, and accelerate the mass production of high-level intelligent driving technologies.

In this round of funding, JIMU Intelligent has introduced top-level investment institutions, such as  renowned Forebright Capital, SDIC Yangtze backed by State Development & Investment Corp., AVIC Pingshan, a subsidiary of China Aviation Industry Corporation, Founder H Fund, a wholly-owned subsidiary of Founder Securities, MY Tsinghua Capital backed by Tsinghua Strait Research Institute, and UMC Capital, an internationally renowned semiconductor group,etc. These new shareholders will promote the development of JIMU Intelligent with their industrial resources and capital.

Since its founding in 2011, JIMU Intelligent has been committed to becoming an internationally competitive intelligent driving solution provider, providing global OEMs and Tier-1 suppliers with self-developed leading intelligent driving solutions based on multi-sensor fusion and domain controllers. Relying on the industry-leading technology and cost-effective advantages, JIMU’s intelligent driving products have been applied in batches to around 100 models of nearly 30 OEMs globally. Up to now, JIMU Intelligent has won multiple passenger vehicle ADAS projects, supplying 80%+ head bus OEMs and 60%+ head truck OEMs in China, ranking top three in the market share of commercial vehicle L1-L2 solutions among Chinese companies.

Thanks to its rich experience in mass production in the commercial vehicle field, JIMU Intelligent has opened the passenger car market since 2020, and has won a number of L1~L2 new energy passenger car projects. In terms of products, JIMU’s L2+ domain controller will be completed by the end of this year. After this funding, the company will continue to actively expand the passenger car market, trying to enter the supply chains of at least five leading car companies in the next two years, and becoming a mainstream intelligent driving solution provider in the passenger vehicle field.

In addition, JIMU Intelligent is actively exploring overseas markets. It has reached extensive and in-depth cooperation with many international top T1 suppliers, and has taken the lead in exporting intelligent driving solutions to Japan, South Korea and other automotive powerhouses.

At present, the company’s new series funding is progressing smoothly. 

Regarding this funding, Cheng Jianwei, founder and CEO of JIMU Intelligent, said: "Thanks to all our investors and customers for their recognition and support. We will actively grab the opportunities of the era of intelligent driving, make every effort to promote more technological breakthroughs and product innovations,  and link industry ecosystem partners to create an intelligent driving enterprise with international competitiveness."

    

PR Newswire

AUTOCRYPT Named “Automotive Cybersecurity Company of the Year” for Second Year in a Row in 2021 AutoTech Breakthrough Awards

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SAN FRANCISCO, Oct. 20, 2021 — Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date. Run by the Tech Breakthrough group, AutoTech Breakthrough is a leading market intelligence organization that recognizes the top companies, technologies, and products in the global automotive and transportation technology markets today.

AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem. From securing in-vehicle systems and V2X communications to EV charging and fleet management, AUTOCRYPT provides a custom-built end-to-end solution for each client looking to integrate cybersecurity with functional safety, eliminating the complexity of searching for different providers. With branches and subsidiaries in Asia, North America, and Europe, AUTOCRYPT works closely with its clients based on regional needs. 

"We are thrilled to be recognized by AutoTech Breakthrough for this award again this year. This back-to-back recognition is a strong indication that we have done things right, yet also encourages us to continue refining our products and solutions to exceed customer expectations," said Daniel ES Kim, AUTOCRYPT’s Co-Founder and CEO. "With the industry’s most capable R&D professionals holding decades of experience in IT and vehicular cybersecurity prior to our spinoff, we truly understand the challenges of OEMs and infrastructure developers and aim to tackle them at the individual level."

This year’s AutoTech Breakthrough Awards program attracted more than 1,400 nominations from over 15 different countries across the globe, with categories including Connected Car, Electric Vehicles, Engine Tech, Automotive Cybersecurity, Sensor Technology, Traffic Tech, and many more. 

"As Plug&Charge (PnC) rolls out for EVs, simply plugging the car into the charging station involves the exchange of payment, driver, and vehicle information, making cybersecurity essential. AUTOCRYPT’s dedication to cybersecurity has allowed it to not only overcome today’s challenges but to shape the future of mobility with all industry partners by breaking through technical and regulatory barriers," said Bryan Vaughn, Managing Director of AutoTech Breakthrough Awards. "Congratulations to AUTOCRYPT, once again this year, for being our choice for ‘Automotive Cybersecurity Company of the Year.’"

Having opened its German office in Munich earlier this year, AUTOCRYPT is now working closely with European OEMs on in-vehicle and V2X security solutions. To find out more about AUTOCRYPT’s comprehensive mobility security solutions, contact global@autocrypt.io. 

About AUTOCRYPT 

AUTOCRYPT is the leading player in automotive and smart mobility security technologies, paving the way for Intelligent Transport Systems (ITS) and autonomous driving through a multi-layered, holistic approach. Through security solutions for V2X, V2G (including PnC security), in-vehicle security, and fleet management systems, AUTOCRYPT ensures that security is prioritized and optimized before vehicles hit the road. 

PR Newswire

Ford Honors Veoneer at 23rd Annual World Excellence Awards

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Veoneer has been honored by Ford Motor Company with a Create Must-Have Products World Excellence Award

Ford’s World Excellence Awards recognize companies that exceed expectations and achieve the highest levels of excellence in quality, cost, performance, and delivery

Award categories include Treat Customers Like Family, Turn Around Automotive Operations and Compete Like a Challenger, Create Must-Have Products, Sustainability, Diversity and Inclusion, plus Gold and Silver Quality awards

STOCKHOLM, Oct. 16, 2021 — The automotive technology company Veoneer, Inc. (NYSE: VNE) (SSE: VNE SDB),  has been recognized as a top-performing global supplier at the 23rd annual Ford World Excellence Awards. Veoneer was announced as a Create Must-Have Products winner today at Ford Motor Company’s virtual event.

"We are honored for receiving Ford’s Create Must-Have Products World Excellence Award for our state-of-the-art Driver Monitoring System (DMS). Knowing the physical state of the driver, at all times, is also one of the most important safety factors in assisted and automated driving today. Veoneer’s DMS tracks the driver’s head position and eye gaze, to ensure drivers are paying attention to the road, which is an important hands-free driving feature," says Scott Brawner, SVP Customer Area North America.

"Ford Motor Company’s World Excellence Awards recognize our top-performing suppliers around the world for helping bring the Ford+ plan to life," said Hau Thai-Tang, chief product platform and operations officer. "Suppliers like Veoneer are key to Ford’s continued success as we leverage foundational strengths to build new capabilities and enrich customer experiences."

Honorees are recognized for achieving the highest levels of global excellence in categories including:            

  • Primary brand pillar awards – Treat Customers Like Family, Turn Around Automotive Operations and Compete Like a Challenger, Create Must-Have Products            
  • Diversity and inclusion awards for suppliers that excel in integrating diversity into their organization and business process            
  • Sustainability awards for suppliers that improve the business environment           
  • Gold and Silver Quality awards for supplier manufacturing sites demonstrating superior quality, delivery and cost performance throughout the year

For more information please contact:

Thomas Jönsson, EVP Communications & IR
Email: thomas.jonsson@veoneer.com 
Tel.: +46 (0)8 527 762 27

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, develop, and manufacture state-of-the-art software, hardware, and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,500 employees in 11 countries. In 2020, sales amounted to $1.37 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/veoneer/r/ford-honors-veoneer-at-23rd-annual-world-excellence-awards,c3433136

PR Newswire

Boris Johnson’s visit to Aidrivers recognises global importance of start-up’s cutting-edge autonomous driving technology in creating a sustainable future

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LONDON, Oct. 12, 2021 — Award-winning UK technology start-up Aidrivers has received a visit from Uxbridge and South Ruislip MP and Prime Minister Boris Johnson at its headquarters in Uxbridge, London.

Image ©Licensed to Parsons Media. 12/08/2021. Uxbridge, United Kingdom. Prime Minister Boris Johnson Constituency Day. The Prime Minister Boris Johnson visits Al Drivers. Picture by Andrew Parsons CCHQ / Parsons Media
Image ©Licensed to Parsons Media. 12/08/2021. Uxbridge, United Kingdom. Prime Minister Boris Johnson Constituency Day. The Prime Minister Boris Johnson visits Al Drivers. Picture by Andrew Parsons CCHQ / Parsons Media

Aidrivers provides artificial intelligence-enabled solutions for retrofitting into new and existing vehicles including trucks and cranes so they can be operated autonomously in mixed traffic environments without any infrastructure upgrade. The company has offices in London, Singapore, India, China and Turkey, as well as joint ventures with vehicle and logistics organisations in Europe and Asia Pacific.


During the visit, Boris Johnson met Aidrivers’ founder Dr Rafiq Swash and was shown how the technology works. The Prime Minister also tried the technology, operating simulated autonomous port vehicles using Aidrivers’ digital twin.

Aidrivers helps fleet operators in industrial settings such as ports, airports, smart cities and warehouses to maximise their efficiency. It reduces waste by minimising idle-engine time, for example, and allows fleet operators to work 24/7 at optimum energy efficiency, enhancing the resilience of global supply chains. Aidrivers software is used in Singapore, China and Turkey, and the company is committed to providing autonomous mobility solutions that meet industry needs when it comes to sustainability, resilience and safety.

Founded in 2018, Aidrivers today employs 60 people, with the majority working from London. It expects to continue to grow rapidly in response to market need. Many brownfield port terminals, for example, are affected by a shortage of skilled labour and are looking to implement effective autonomous automation to continuously meet the requirements of global supply chains.

Dr Swash said: "We were honoured to receive a visit today from our Prime Minister Boris Johnson and it was a pleasure to show him our cutting-edge technology, which is being used in demanding industrial applications around the world to help make supply chains more resilient and sustainable. His visit recognises the positive impact Aidrivers is having in terms of creating jobs for the new economy, meeting the need of fleet operators to reduce harmful emissions, and helping society and industry become sustainable."

About Aidrivers

Aidrivers is a UK-based award-winning technology company focused on the autonomous vehicle sector. It supplies software for retrofitting into existing vehicles operating in a variety of demanding environments including ports, airports, smart cities and warehouses without the need for infrastructure change. It is involved in a number of joint ventures and collaborations, including with Turkey’s Largo Robotics, a manufacturer of tow-trucks and indoor robots, Singapore’s B-Robotics, which makes lightweight and micro robots, and with German sensor producer SICK. In 2018, it signed a proof-of-concept project with PSA Singapore, the world’s largest trans-shipment container hub, to retrofit two diesel trucks to convert them to fully autonomous vehicles. Aidrivers employs 60 people worldwide, with offices in London, Singapore, India, China and Turkey.

For more information please contact:

Sadaf Ghani
sadaf@aidrivers.ai

PR Newswire

Sigma Lithium and LG Energy Solution Sign Milestone Six-Year Binding Term Sheet for Lithium Offtake Agreement

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VANCOUVER, BC, Oct. 5, 2021 —  

HIGHLIGHTS

  • Binding offtake term sheet signed between Sigma Lithium and LG Energy Solution to supply Battery Grade Sustainable Lithium Concentrate through 2027, with start of commercial delivery set for 2022.
  • LG Energy Solution to purchase on a "take-or-pay" basis 60,000 tons per year of Battery Grade Sustainable Lithium Concentrate for the first phase of Sigma Lithium’s production, increasing by 40,000 tons per year during the second phase of production, for a total purchase on a "take-or-pay" basis of 100,000 tons per year.
  • Pricing will be floating and linked to market prices for high purity lithium hydroxide.
  • LG Energy Solution and Sigma mutually have agreed to optional additional offtake volumes of up to 50,000 tons per year of Battery Grade Sustainable Lithium Concentrate.

 

Sigma Lithium will provide LG Energy Solution with significant quantities of battery grade sustainable lithium concentrate to support the large-scale production of lithium-ion batteries required to power the future of electric mobility and clean energy.
Sigma Lithium will provide LG Energy Solution with significant quantities of battery grade sustainable lithium concentrate to support the large-scale production of lithium-ion batteries required to power the future of electric mobility and clean energy.

Sigma Lithium Corporation ("Sigma Lithium") (NASDAQ: SGML) (TSX-V: SGML), dedicated to powering the next generation of electric vehicle batteries with environmentally sustainable and high-purity lithium concentrate, announced the signing of a binding term sheet for an offtake agreement on a "take or pay" basis (the "Offtake") for the sale of 6% battery-grade high purity and environmentally sustainable lithium concentrate ("Battery Grade Sustainable Lithium Concentrate") to LG Energy Solution, Ltd ("LGES"), one of the world’s largest manufacturers of advanced lithium-ion batteries for electric vehicles.

The six-year LGES Offtake for Battery Grade Sustainable Lithium Concentrate scales from 60,000 tons per year in 2023 to 100,000 tons per year from 2024 to 2027 ("Guaranteed Take-or-Pay Quantity") subject to Sigma Lithium and LGES executing a mutually acceptable definitive documentation to implement the Offtake. Sigma Lithium and LGES also agreed to negotiate each year, starting in 2022, an additional optional supply of Battery Grade Sustainable Lithium ("Optional Offtake Quantity"), not otherwise committed in other Sigma Lithium offtake arrangements, as per the table below. 

2022

2023

2024

2025

2026

2027

Guaranteed Quantity
(in dry metric tonnes)

0

60,000

100,000

100,000

100,000

100,000

Optional Quantity
(in dry metric tonnes)

15,000

15,000

50,000

50,000

50,000

50,000

The purchase price for the Battery Grade Sustainable Lithium Concentrate under the Offtake will be linked to market prices for the high purity lithium hydroxide during the term of the Offtake.

The Offtake is intended to be legally binding on both Sigma Lithium and LGES, and is subject to, among other things, completion of the negotiation of definitive written agreement(s), which are to be consistent with the agreed terms contained in the binding term sheet.

"With the rapid growth of the EV battery market, securing large volumes of environmentally sustainable and high-quality lithium materials is becoming one of the important sources of competitiveness in our industry," said Mr. Dong Soo Kim, Senior Vice President of Procurement Center at LG Energy Solution. "We are delighted to sign this landmark offtake with Sigma Lithium, sourcing environmentally-friendly battery-grade sustainable lithium concentrate directly from the upstream producer and collaborating with Sigma Lithium to make our battery supply chain increasingly more sustainable through our shared focus on innovation and ESG."

"Since 2018, Sigma Lithium has been producing battery-grade sustainable lithium concentrate at its on-site demonstration pilot plant while executing our sustainability roadmap to support decarbonization and reach net zero emissions by 2024," said Ana Cabral-Gardner, Co-CEO, Sigma Lithium. "We believe this offtake will create long-term value for all of our stakeholders. Sigma Lithium has been able to deliver large samples of one of the purest, most environmentally and socially sustainable lithium concentrates in the marketplace to potential customers. Thus, our focus on sustainability and the investments we made in our assets to develop an environmentally friendly process to produce battery grade sustainable lithium concentrate, enables Sigma Lithium to attain a leading industry position, supplying LG Energy Solution, the largest global producer of advanced batteries for electric vehicles and green energy storage."

"We are truly delighted to have the ability to provide LG Energy Solution with significant quantities of battery grade sustainable lithium concentrate that will support the large-scale production of lithium-ion batteries required to power the future of electric mobility and clean energy," added Cabral-Gardner. "This offtake is perfectly aligned with our strategy of creating direct commercial relationships with the largest Tier 1 battery producers (who are the final end-users in the lithium supply chain), providing stability to our future cash flows.  Sigma Lithium’s production process is 100% powered by clean energy, does not utilize hazardous chemicals, recirculates 100% of the water and dry stacks 100% of its tailings. We believe that sustainable, scalable and reliable production of high-quality lithium will be essential to meeting demand from sustainable energy leaders like LGES."

ABOUT SIGMA LITHIUM

Sigma Lithium is a Canadian company developing, with an environmental sustainably ESG focused strategy, the largest hard rock lithium deposits in the Americas, located in its wholly owned Grota do Cirilo Project in Brazil (the "Project"). The Company has been producing low carbon high purity lithium concentrate at an on-site demonstration pilot plant (the "Pilot Plant") since 2018. This pilot production has been an important part of the successful commercial strategy of the Company, shipping samples of its low carbon "green & sustainable" high purity lithium to leading global potential customers, for product certification and testing, with the goal of participating in the rapidly expanding electric vehicle ("EV") supply chain.

The Company is in pre-construction and detailed engineering of an environmentally friendly, fully automated, dense media separator ("DMS") production plant, that will apply proprietary algorithms to digitally control the dense media. The production plant will be vertically integrated into the Company´s mining operations, exclusively utilizing as feedstock the high purity spodumene ore with exceptional mineralogy from the Project. The production plant will process the spodumene ore into a high purity 6% battery-grade lithium concentrate engineered to the specifications of its customers in the lithium-ion battery supply chain for EVs.

The Company continues to demonstrate its commercial and market relevance by significantly advancing its strategic goals on three fronts: near-term production scheduled for 2022, completing the studies for the viability of production expansion contemplated for 2023, and the determination of the ultimate extent and unique high-purity quality of mineral resources at the Company´s wholly-owned Grota do Cirilo Project, all while maintaining its strategic leadership in ESG in the lithium supply chain.

In order to secure a leading position supplying the clean mobility and green energy storage value chains, the Company has adhered consistently to the highest standards of ESG practices, which were established as part of its core purpose at inception in 2012. The production process will be powered by clean energy and the Company will use state-of-the art water recirculation circuits in its processing combined with dry stacking tailings management. The DMS process of the production plant does not utilize hazardous chemicals, as a result its tailings are 100% recyclable into ancillary industries, such as ceramics.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT

SIGMA LITHIUM INVESTORS:
Daniel Abdo 
(Sao Paulo) +55 11 2985-0089
daniel.abdo@sigmaca.com

ir@sigmaca.com

Vitor Ornelas 
(Sao Paulo) +55 11 2985-0089
vitor.ornelas@sigmaca.com

SIGMA LITHIUM MEDIA:

Colleen Robar
(United States) +1 313 207 5960
crobar@robarpr.com 

SIGMA LITHIUM SOCIAL MEDIA:

LinkedIn:

@SigmaLithium

Instagram:

@sigmalithium

Twitter:

@SigmaLithium

FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable US and Canadian securities legislation including statements relating to future ESG targets and the achievement of certain milestones, including in relation to  offtake agreements completion, the terms of the Offtake (including quantities), value creation, cash flows as a result of the Offtake and the execution of definitive documentation reflecting the terms of the binding term sheet, relevant internal and organizational approvals, production estimates and other forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events, or developments that the Company believes, expects or anticipates will or may occur are forward-looking information, including statements regarding the entering into of definitive documentation and terms thereof and benefits of the Offtake may or may not occur. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, , metal prices, exchange rates, taxation, the estimation, timing and amount of mineral resources and reserves, future development and production, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes, litigation risks, failure of plant, equipment or processes to operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and other risks of the mining industry, changes in national and local government regulation of mining operations, and regulations and other matters including the COVID-19 pandemic. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to our public filings available at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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PR Newswire

GAC’s First Zero-Emissions Engine | GO AND CHANGE New Energies

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GUANGZHOU, China, Sept. 30, 2021 — In recent weeks, the first hydrogen engine independently developed by GAC was successfully ignited, marking the entry of GAC Group technology into the zero-carbon emission era.


This exciting technology leap also demonstrates the strength of GAC MOTOR’s commitment to new energy and a new era for the automobile industry.

Cutting Edge In-House Technology

The zero-carbon emissions engine was independently developed based on GAC’s fourth-generation engine technology. GAC Group holds completely independent intellectual property rights to the technology.

Using core hydrogen engine technology as a foundation, GAC R&D Centers optimized the technology with a number of innovations.

These include the newly developed combustion chamber, which improves the mixing process of hydrogen and air, and improvements to the hydrogen supply system, which improves power density and reduces the risk of hydrogen leakage.

The new engine also boasts improved heat dissipation capacity, further minimizing combustion risks. By strengthening engine pistons, piston rings and connecting rods, heat dissipation has been improved in both the cylinder head and cylinder block, a seemingly small change that creates a big improvement in reliability and operation. The target thermal efficiency of this engine is expected to exceed 44%, a leading domestic standard.

Looking to a Greener Hydrogen Future

The stable operation and superior performance output of the GAC hydrogen engine is just one example of the many ways GAC MOTOR is moving towards the manufacturing of the future.

The GAC R&D Centers will continue to carry out thermodynamic calibration and mechanical development of the hydrogen engine, with the eventual aim of loading the entire whole vehicle.

GAC will also work collaboratively to promote industrial chains for hydrogen production, storage and hydrogenation processes. This means promoting the full use of renewable energy sources such as wind and hydropower, and improving the safety and quality of hydrogen storage.

Craftsmanship in the Detail

Technology innovation and Chinese craftsmanship are two of the core brand values that identify GAC MOTOR as a company.

Continually working away at engine technology, chipping away to improve every aspect of both engine technology and driver experience – this is what makes GAC MOTOR a cutting-edge automobile manufacturer.

With this exciting new leap in engine technology, we’re excited to see how much more GAC MOTOR can do to improve the mobile lives of customers around the world.

Let’s GO AND CHANGE.

PR Newswire

Weidai Announces Receipt of NYSE Non-compliance Letter Regarding ADS Trading Price on August 31, 2021

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HANGZHOU, China, Sept. 25, 2021 — Weidai Ltd. (the "Company" or "Weidai") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated August 31, 2021, notifying Weidai that it is below compliance standards due to the trading price of its American Depositary Shares (the "ADSs").

Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and average share price back above US$1.00 by six months following receipt of the notification. The company can regain compliance at any time during the six-month cure period if on the last trading day of any calendar month during the cure period the company has a closing share price of at least US$1.00 and an average closing share price of at least US$1.00 over the 30 trading-day period ending on the last trading day of that month. In the event that at the expiration of the six-month cure period, both a US$1.00 closing share price on the last trading day of the cure period and a US$1.00 average closing share price over the 30 trading-day period ending on the last trading day of the cure period are not attained, the NYSE will commence suspension and delisting procedures.

To address this issue, the Company intends to monitor the market conditions of its listed securities and is still considering its options.

About Weidai Ltd.

Weidai Ltd. is a pioneer and leading auto-backed financing solution provider in China supported by sophisticated and effective risk management system and technology. The Company transforms used automobiles, a type of "non-standard" collateral, into investable assets, to provide accessible credit for China’s small and micro enterprises, and connects the borrowers with institutional funding partners through its platform.

For more information, please visit http://weidai.investorroom.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "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 can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Weidai may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Weidai’s beliefs and expectations, are forward-looking statements. Such statements are based upon management’s current expectations and current market and operating conditions, 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. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited the following: Weidai’s goal and strategies; Weidai’s expansion plans; Weidai’s future business development, financial condition and results of operations; Weidai’s expectations regarding demand for, and market acceptance of, its solutions and services; Weidai’s expectations regarding keeping and strengthening its relationships with borrowers, investors and financial institutions and other platform participants; general economic and business conditions; Weidai’s assumptions underlying or related to any of the foregoing regulations and governmental policies relating to the online consumer finance industry in China; its ability to comply with existing or future laws and regulations related to data protection or data security; and Weidai’s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE’s continued listing criteria; litigation and negative publicity surroundings China -based companies listed in the U.S.; and the duration of the COVID-19 outbreak, including the emergence of COVID variants, and its potential impact on the Company’s business and financial performance. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Weidai 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 applicable law.

For investor and media inquiries, please contact:

In China:
Christensen
Mr. Rene Vanguestaine
Tel: +86-10-5900-1548
E-mail: rvanguestaine@christensenir.com  

In US:
Christensen
Ms. Linda Bergkamp
Tel: +1-480-614-3004
E-mail: lbergkamp@christensenir.com

Related Links :

http://www.weidai.com.cn

PR Newswire

Strategic Investment in proteanTecs from Industry Leaders MediaTek and Advantest Joined by Porsche Automobil Holding SE to Advance Electronics Health Monitoring

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Validates need for multi-segment visibility from production to system operation

HAIFA, Israel, Sept. 24, 2021 — proteanTecs, a global leader in deep data solutions for advanced electronics, announced today a $50 million extension to their Growth Equity Round, demonstrating accelerated market adoption of system health and performance monitoring across multiple verticals. The round extension was led by Koch Disruptive Technologies (KDT) and joined by strategic investors MediaTek and Advantest, together with Porsche SE, the major shareholder of Volkswagen Group, and Allied Group subsidiary Champion Motors, as well as current investors. This brings the company’s total funding to $150 million.

 

Based on deep data derived from Universal Chip Telemetry™ (UCT), proteanTecs provides cloud and edge enterprise SW solutions for electronics’ health and performance monitoring. Addressing end-to-end needs of mission-critical markets, the company serves some of the largest and most technologically innovative companies in Datacenter, Automotive and Communications.

proteanTecs onboards leading investors from multiple verticals
proteanTecs onboards leading investors from multiple verticals

The strategic investment reinforces the growing need for full lifecycle visibility, spanning all segments of the electronics industry. Eli Groner, managing director at KDT, commented: "Since KDT’s first investment in proteanTecs we’ve seen their continued success in scaling and developing their technology, and this new investment is a testament to our confidence in the company. The addition of leading strategic partners across multiple verticals will enable proteanTecs to continue to stay ahead of the curve in the exciting new world of real time electronics monitoring."

One of the main forces driving the paradigm shift to an integrative approach is the automotive industry, which is entering the next phase of its electrification, driven by rising customer demands for safety and connectivity.

Lutz Meschke, member of the board of management responsible for investment management at Porsche SE, said: "Due to the fast-paced technological advancements and the ever-growing requirements for new chip generations, we see an enormous market potential for proteanTecs’ technology leveraging predictive reliability, performance and power management. We see clear benefits and the necessity for the use of this technology across a wide range of industries including the automotive industry." 

Spurred by the progress of the digital revolution, and driven by complexities in design and manufacturing, advanced analytics are also transforming the way production testing is performed. Advantest, a leading manufacturer of automatic test equipment, is strategically reinforcing its core business by integrating traditional silos across the product lifecycle through cloud-based data.

"We are excited to add proteanTecs to our investment portfolio, and to welcome their collaboration in the Advantest Cloud Solutions’ open solution ecosystem", said Doug Lefever, president and CEO of Advantest America.  "The way we are addressing test today has changed. We are strategically transitioning to an integrated methodology, leveraging cloud and edge analytics based on multiple data sources. We look forward to working with proteanTecs on the next phase of semiconductor test, finding innovative and scalable ways to shape the future of test platforms."

Versatile deployment of advanced electronics is another key dynamic driving collaboration. MediaTek, a global semiconductor leader, enjoyed first mover advantage in AI and 5G, providing chipsets for smart home, connectivity, IoT and wearable, ASIC and smart mobile devices.

"The investment in proteanTecs aligns with our commitment to bring cross-platform technologies that help connect users to the world around them", said Brian Hsu, Managing Partner of MediaTek Capital. "Robust, high-efficiency and low-power-consumption ICs are key to driving a scalable digital future. We believe synergies from strong technology portfolios and proteanTecs’ predictive performance capabilities will grow product value and enable unique competitive advantages."

The addition of strategic investors comes on the heels of a momentous year for proteanTecs. In 2020-2021, the company onboarded key customers, including cloud hyperscalers, leading system OEMs, disruptive fabless startups, and ASIC houses, enabling the formation of a value-add solution portfolio. The extended financing will be used to fuel global expansion, accelerate product development, and pursue strategic collaborations.

"The investment will strengthen proteanTecs’ technological and market leadership", said Shai Cohen, CEO and co-founder of proteanTecs. "It solidifies our strategy of bringing together market leaders’ diverse view points to solve a cross-stake challenge, while validating the need for advanced monitoring solutions from design to field. We’re grateful for the existing and new investors’ support and shared vision to bring a common data language to the industry."

About Porsche SE

Porsche Automobil Holding SE ("Porsche SE") is a listed investment company and a major shareholder of Volkswagen AG, in which Porsche SE holds 53.3 percent of ordinary shares and 31.4 percent of capital. In addition to the core holding in Volkswagen AG, Porsche SE is a global investor in the mobility and industrial technology sectors. Porsche SE focuses on high-quality growth companies that thrive on strong macro trends and are led by excellent management teams.

About Advantest Corporation

Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, artificial intelligence (AI), machine learning, smart medical devices and more.  Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world.  The company also conducts R&D to address emerging testing challenges and applications, produces multi-vision metrology scanning electron microscopes essential to photomask manufacturing, and offers groundbreaking 3D imaging and analysis tools.  Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility.  More information is available at www.advantest.com.

About MediaTek Inc.

MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables nearly 2 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies, automotive solutions and a broad range of advanced multimedia products such as smartphones, tablets, digital televisions, 5G, Voice Assistant Devices (VAD) and wearables. MediaTek empowers and inspires people to expand their horizons and achieve their goals through smart technology, more easily and efficiently than ever before. We work with the brands you love to make great technology accessible to everyone, and it drives everything we do. Visit www.mediatek.com for more information.

About KDT

Koch Disruptive Technologies (KDT) is a unique investment firm, focused on empowering founders to create a could-be world. KDT provides a flexible, multi-stage investment approach which includes both traditional venture and growth stages. We work with principled entrepreneurs who are building transformative companies, disrupting the status quo, and creating new platforms. KDT is a subsidiary of Koch Industries, one of the largest privately held companies in the world with $110 billion in revenue and operating in more than 70 countries. KDT helps its partners unlock their full potential by bringing Koch’s capabilities and network to them, structuring unique capital solutions, and embracing a long-term, mutual benefit mindset.

About proteanTecs

proteanTecs develops revolutionary Universal Chip Telemetry™ (UCT) for electronic systems throughout their entire lifecycle, increasing their performance and reliability. By applying machine learning to novel data created by on-chip UCT Agents™, proteanTecs provides meaningful insights and visibility unattainable until today, leading to new levels of quality, reliability and scale. Founded in 2017, the company is headquartered in Israel with offices in New Jersey, California and Taiwan. For more information, visit: www.proteanTecs.com.

Press Contact

Tamar Naishlos, Media Relations  

tamarn@proteanTecs.com

 

Related Links :

http://www.proteantecs.com/