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PR Newswire

Reliance Industries Enters into Agreement to Invest Alongside Digital Realty and Brookfield Infrastructure to Expand Data Center Joint Venture in India

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‘Digital Connexion: A Brookfield, Jio and Digital Realty Company’ to develop critical digital infrastructure to meet rapidly-growing global and local customer demand in Indian market

SINGAPORE, July 25, 2023 /PRNewswire/ — Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today a planned three-way joint venture (JV) with Brookfield Infrastructure and Reliance Industries Ltd. (“RIL”) to develop high-quality, highly-connected scalable data centers to meet the critical infrastructure needs of enterprises and digital services companies in India. The new JV will operate under the brand name Digital Connexion: A Brookfield, Jio and Digital Realty Company. It succeeds and builds on the strong foundation laid by BAM Digital Realty, by including RIL, India’s largest private sector company, that has enabled and led India’s digital transformation through Jio, as a partner. Each partner will own one-third of the joint venture. Digital Connexion expects to initially execute on the development of data center campuses on existing strategic land parcels it owns in Chennai and Mumbai.

India represents a key market opportunity for Digital Realty to extend coverage, capacity, and connectivity options to cloud providers, hyperscalers and to both local and global enterprise customers. The Indian data center market is experiencing rapid growth, driven by the growing adoption of digital technologies, cloud computing, and the surge in data consumption fueling the demand for robust and scalable data center infrastructure. 

Data centers developed in India by the JV will leverage Digital Realty’s industry-leading energy-efficient data center platform, design and operating procedures, highly-repeatable Pervasive Data Center Architecture (PDx®) approach and relationships with global customers, Brookfield’s in-depth knowledge of the Indian infrastructure market, and Jio’s massive digital and connectivity ecosystem and very strong enterprise relationships with an existing client base of 80% of large named private enterprises in India.

Jio’s world class, all-IP, data strong, future proof, 4G and 5G connectivity network with deep fiber presence, covering ~99.5% of the Indian population, strategically expands the JV’s connectivity to data centers and other establishments in the country. It extends the reach of PlatformDIGITAL®, Digital Realty’s best-in-class global data center platform with 300+ data centers, in 50+ metros, across 27 countries and six continents, giving customers access to a dense connected data community of partners, solutions and services, including Jio’s network, cloud and other service solutions in India. 

“India is a mostly untapped market for the data center industry driven by the rapid adoption of digital business models, the world’s largest population, and a government that recognizes the role of technology for future economic development,” said Serene Nah, Managing Director and Head of Asia Pacific, Digital Realty.  “This joint venture brings together three global leaders in digital infrastructure to accelerate Digital India by developing, owning and operating institutional quality carrier-and cloud neutral data centers across India.”

Speaking about the transaction, Kiran Thomas, CEO, Jio Platforms Ltd. said, “We are excited to partner with Digital Realty, one of the most innovative data center companies globally and with Brookfield, our existing and trusted partner. The partnership will help us serve our enterprise and SMB clients with cutting-edge, plug-and-play solutions delivered from the cloud and lead their digital transformation and make them more competitive and efficient. The unique and highly engaging consumer and home experiences that we are offering and further innovating on, such as high-definition live content, AR / VR experiences, cloud gaming, immersive shopping experiences and cloud PC have massive compute capacity requirements. We would like to thank the Indian government for granting infrastructure status to data centers and for creating a favorable ecosystem for their development and operations, which is critical for India’s vision to become a $1 trillion digital economy by 2025.”

Arpit Agrawal, Managing Director, Head of Infrastructure, India & Middle East, Brookfield, added, “We are very pleased to expand our existing partnership with Reliance and add their deep expertise in the Indian telecom, tech and data landscape to the platform. Data Centers provide essential services and critical infrastructure to support the digitalization that is taking place in every aspect of life in India. Together with Reliance and Digital Realty, we look forward to providing the best of solutions to the digital transformation needs of Indian and global corporates.

Digital Connexion will have a dedicated management team in India, with leadership oversight from Digital Realty, Brookfield and RIL. With the complementary strengths of its three partners, Digital Connexion has world-class skills and resources available to enable it to support global and local customers seeking to serve the large and growing Indian market.

About Digital Connexion: A Brookfield, Jio and Digital Realty Company
Digital Connexion is a joint venture (JV) between Brookfield Infrastructure, Reliance Industries and Digital Realty. The company provides the full spectrum of highly-connected and scalable data center, colocation and interconnection solutions to meet the critical infrastructure needs of enterprises and digital services companies in India, and brings together enterprises, network service, cloud and IT providers to give customers and partners a key connectivity gateway to Europe, the Middle, East, Africa and Asia. The JV combines the complementary strengths of Jio’s massive digital and connectivity ecosystem in India and tech capabilities with Brookfield Infrastructure, one of the largest owners and operators of critical global infrastructure, and Digital Realty, provider of the world’s largest data center platform enabling customers with access to over 50 metros across six continents.

About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data “meeting place” and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 27 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Brookfield Infrastructure is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Further information is available at https://bip.brookfield.com.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over $825 billion of assets under management. For more information, go to https://brookfield.com.

In India, Brookfield has $24 billion in assets under management across Infrastructure, Real Estate, Renewable Power & Transition and Private Equity.

About Reliance Industries Limited
Reliance is India’s largest private sector company, with a consolidated revenue of INR 976,524 crore ($118.8 billion) and net profit of INR 74,088 crore ($9.0 billion) for the year ended March 31, 2023. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.

Currently ranking 104th, Reliance is the largest private sector company from India to feature in Fortune’s Global 500 list of “World’s Largest Companies” for 2022. The company stands 45th in the Forbes Global 2000 rankings of “World’s Largest Public Companies” for 2023 – top-most among Indian companies. Reliance has been ranked among the world’s 20 best companies to work with, highest amongst Indian companies in Forbes’ World’s Best Employers for 2022. It features among LinkedIn’s “Top Companies 2023: The 25 Best Workplaces To Grow Your Career In India“. Website: www.ril.com

About Jio Platforms Limited
Jio Platforms Limited (“Jio”), a subsidiary of Reliance Industries Limited, has built a world-class, all-IP, data strong, future proof network with 4G LTE and 5G technologies (through its wholly owned subsidiary, Reliance Jio Infocomm Limited). It is the only network conceived as a Mobile Video Network from the ground up. It is future-ready and can be easily upgraded to support even more data, as technologies advance to 6G and beyond.

Jio has brought transformational changes in the Indian digital services space to enable the vision of Digital India for 1.4 billion Indians and propel India into global leadership in the digital economy. It has created an eco-system comprising of network, devices, applications and content, service experience, and affordable tariffs for everyone to live the Jio Digital Life.

For Additional Information

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 737 281 0101
InvestorRelations@digitalrealty.com

Media Contacts
Sinhuay Ho
Digital Realty
+65 8125 8380
shho@digitalrealty.com

Safe Harbor Statement
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to our joint venture with Brookfield and Reliance Jio Infocomm, the Indian market opportunity, expectations regarding the joint venture’s development plans and operations in India, expectations regarding IT load capacity of the operations of the Digital Connexion joint venture, expected growth in digital transformation, sustainability programs and goals, and deployment and benefits of PlatformDIGITAL®.  Our forward-looking statements are generally identified with words such as “will”, “believe”, “expect”, “intend” and similar expressions.  For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission.  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.

PR Newswire

Shenzhen Set to Host 6th Global Cross-Border E-Commerce and 8th Intl. Cross-Border E-Commerce Trade Expo

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SHENZHEN, China, July 24, 2023 /PRNewswire/ — The 6th Global Cross-border E-commerce Festival and the 8th Shenzhen International Cross-border E-commerce Trade Expo will be held from July 31st to August 2nd, 2023, at the Shenzhen Convention and Exhibition Center (Futian). This year’s festival is themed “Cross-border Culture, Brands Going Overseas, and Empowering Nation with Intelligence,” and will focus on the applications of the Belt and Road Initiative, Internet+, Regional Comprehensive Economic Partnership (RCEP), AI, ChatGPT, and other areas in the field of cross-border e-commerce.

Since its inception, the Global Cross-border E-commerce Festival and Shenzhen International Cross-border E-commerce Trade Expo have made significant strides, growing in scale, addressing topical issues, resource docking, and industry chain effects. It has become increasingly influential within the industry, becoming a major event in the global cross-border e-commerce field.

The 2023 6th Global Cross-border E-commerce Festival and the 8th Shenzhen International Cross-border E-commerce Trade Expo are hosted by the Shenzhen Cross-border E-commerce Association (referred to as “SZCBEA”). This year, with the theme of ‘Cross-border Culture, Brands Going Overseas, and Empowering the Nation with Intelligence’, it revolves around the objectives of “Internationalization, Specialization, Industrialization, and Branding”, featuring over 20 sub-events taking place across five major categories – exhibitions, competitions, forums, business, and activities.

The Global Cross-border E-commerce Festival showcases brand culture combined with oriental elements, integrates resources from various industrial belts, and gathers well-known and emerging brands from across China. More than 50 industrial belts will be on show, including Changshu clothing and auto parts, Zhongshan lighting, Zhejiang Jiaxing clothing, Hebei pet food, Fujian Shishi clothing, Cixi small appliances, Ningxia Yanchi, Guangdong East toys, Yiwu small commodities, Shantou knitwear, Ningbo, Jiangsu glasses and home textiles, Yangjiang knives, Anji green home, and Shandong Weihai fishing gear. In addition to this, more than 2000 high-quality source factories and over 100,000 professional buyer groups will gather at the Shenzhen (Futian) Convention and Exhibition Center.

Over the past six years, SZCBEA has hosted exhibitions in three cities and eight venues, with a combined area exceeding 160,000 square meters, serving over 4000 exhibitors, and attracting more than 30,000 professional visitors from over 30 countries and regions globally.

In 2023, cross-border e-commerce has entered a new stage of development, and the 6th Global Cross-border E-commerce Festival is poised to become a major industry event incorporating the entire industry chain. The conference will feature top experts, scholars, and entrepreneurs who are leading the development of the industry, delivering keynote speeches and presentations. The industry-themed forum will also play a significant role in guiding strategic direction and facilitating resource exchange, jointly promoting the high-quality development of the cross-border e-commerce industry.

The festival will showcase China’s cross-border e-commerce industry from different perspectives, emphasizing its unique “one-stop full chain” advantage. It aims to elevate the industry and build connections among China’s various industries. Through exhibitions, competitions, forums, and other events, the festival will promote the growth of cross-border e-commerce and highlight its potential.

We cordially invite all outstanding cross-border e-commerce enterprises and representatives to actively participate and warmly welcome friends from all walks of society to attend the 2023 Global Cross-border E-commerce Festival and the 8th Shenzhen International Cross-border E-commerce Trade Expo from July 31 to August 2.

PR Newswire

Project Matty: Revolutionizing Care for Children with Autism and ADHD Through AI

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SINGAPORE, July 24, 2023 /PRNewswire/ — Project Matty, a pioneering digital health solution, has been launched by a dedicated mother of an ADHD-diagnosed child and Dr. Pamela Lim, a clinical psychology doctor. Both inspired by their personal experiences and united by their commitment to improve the lives of children with autism and ADHD, they’re harnessing the power of artificial intelligence (AI) for an extraordinary mission.

The co-founders’ personal journeys fuel their resolve to bridge the gap in traditional treatments. Born out of one mother’s determination to help her ADHD-diagnosed son, and Dr. Pamela Lim’s drive to assist others like her own child with autism, Project Matty aims to provide more accessible, effective, and personalized care to children worldwide.

Enter M.A.T.T.Y – an acronym for Managing Autism/ADHD Through Texting to You. It’s an AI system that leverages the simplicity and familiarity of texting. M.A.T.T.Y engages in insightful chats with caregivers, learning about each child’s unique traits, and using this information to create personalized virtual pets. These AI-powered pals provide children with an engaging, safe environment where they can develop essential skills beyond clinical settings.

Dr. Pamela Lim, a stalwart in the field of clinical psychology, emphasizes the core philosophy of Project Matty. “Kids with neurodevelopmental disorders behave differently because their brains process the world differently. They’re not abnormal, just different. By understanding how they perceive the world, we can help them integrate into what may seem a frightening and strange world. Our mission with M.A.T.T.Y is to empower caregivers, who can then empower these amazing kids.”

Project Matty embodies the transformative potential of technology when combined with deep empathy and personal experience. It presents a significant opportunity for investors looking to support an innovative solution with vast societal impact.

Join Project Matty in empowering children with Autism and ADHD to reach their full potential. Together, we can make a difference in their lives and contribute to a more inclusive, supportive world.

For more information about Project Matty, visit www.projectmatty.com. To schedule an interview or for more information, please contact Nora Lam at hello@projectmatty.com

Dr Pamela Lim Bio:

https://www.linkedin.com/in/dr-pamela-lim/?originalSubdomain=sg

PR Newswire

Medlinker’s MedGPT Performs 96% As Well As Top Human Doctors

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In a Livestreamed Real-World Assessment, MedGPT’s AI Doctors Rival Diagnostic Accuracy of China’s Leading Doctors

BEIJING, July 22, 2023 /PRNewswire/ — Medlinker, a leading digital healthcare company in China, undertook a real world comparison of AI doctors accessible through its MedGPT service and their human equivalents in Chengdu on June 30 2023.

The evaluation, streamed live, involved 120 real patients and ten attending physicians from West China Hospital, Sichuan University. Seven eminent physicians from leading Chinese hospitals reviewed and scored the results based on criteria including consultation accuracy, diagnosis, treatment recommendations, suggested additional examinations, data analysis, explanation provided to patients, and the use of natural language in patient interactions. Human doctors scored an average of 7.5 out of 10, while MedGPT scored 7.2. MedGPT’s recommendations were found to be 96% as good as those from top-tier physicians.

Launched by Medlinker on May 25 2023, MedGPT is China’s first homegrown medical large-scale language model founded on the Transformer architecture. Unlike general-purpose large-scale models, MedGPT was designed to provide practical diagnostic value in real medical scenarios, offering intelligent diagnosis and treatment capabilities throughout the entire process, from disease prevention to diagnosis, treatment, and rehabilitation. Medlinker’s ability to release a large-scale medical model ahead of its peers is the result of its accumulated expertise in artificial intelligence, big data, and internet-based healthcare. The world’s first real patient evaluation confirms Medlinker’s leadership in the research, development and application of medical large-scale language models.

The consultation session between doctor and patient was planned to fully ensure the impartiality and fact-based reliability of the evaluation, following a carefully established process:

  • The patient explained their medical situation, including symptoms and previous treatments, to the medical assistant;
  • The medical assistant relayed the collected information simultaneously to the human doctor and to MedGPT through online text input;
  • The medical assistant acted as the intermediary as doctor and patient completed multiple rounds of communication until sufficient information had been collected for a diagnosis;
  • Based on the information, the human doctor and MedGPT ordered specific follow-up examinations or, if the information provided was sufficient, provided a diagnosis to the patient;
  • If further examinations were required, the patient underwent examinations at the hospital;
  • After obtaining the examination results, the patient returned for a final consultation where MedGPT and the human doctor independently provided a clinical diagnosis and treatment.

Throughout the entire process, the human doctor and MedGPT worked independently with no sharing of information, to ensure that both were operating under the same conditions.

During the evaluation session, the medical experts on the panel were impressed by MedGPT’s performance. They generally agreed that MedGPT ensured medical accuracy by collecting sufficient information through multiple rounds of questioning, resulting in a relatively low probability of misdiagnosis or missed diagnosis. What was particularly surprising was that, unlike doctors specialized in one field, MedGPT could diagnose diseases outside its field of expertise and suggest a treatment program based on other clinical observations and factors, something that can be quite challenging to achieve in routine consultations undertaken by specialists. The panel concluded that MedGPT’s knowledge coverage surpassed that of human doctors with limited experience.

“The integration of AI doctors and telemedicine services is certain to disrupt the entire medical field,” said Wang Shirui, founder and CEO of Medlinker. “Looking into the future, we firmly believe that through Medlinker’s MedGPT, both the efficiency and the effectiveness of doctors will be vastly enhanced. At the same time, it will become possible to rapidly replicate high-quality medical resources and make them universally available. Furthermore, Medlinker’s telemedicine service network will be able to leverage MedGPT to provide more convenient, efficient and accessible medical services to a significantly larger pool of patients, vastly expanding medical inclusion, and taking a huge step towards solving the biggest dilemma facing the medical community today, providing medical services that are efficient and deliver meaningful treatment to the patient while remaining affordable.”

PR Newswire

Solar Energy Storage System EP Cube Cooperates with Treedom to Boost Environmental-friendly and Sustainable Development

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SAN FRANCISCO, July 22, 2023 /PRNewswire/ — EP Cube announced its partnership with Treedom, the first platform in the world allowing customers to plant a tree remotely and track the story online, and jointly launched the “One Move to Green, One Step to Eternal Planet” event.

Through this initiative, all customers who purchase EP Cube will receive a tree planted by Treedom. Participants can invite their friends to join as well. The initiative details can be found on EP Cube’s social media platforms. All proceeds from the trees will be used to benefit local communities and residents.

Battery systems bring sustainable benefits by supplying power to households during peak hours, thus reducing customers’ electricity bills and their reliance on traditional energy sources. As the first self-designed-and-developed residential energy storage system by Eternalplanet, a consumer-oriented independent brand under Canadian Solar, EP Cube furthers these benefits, offering greater energy savings and sustainability through compatibility with high-power solar panels, enhancing energy efficiency and cutting down energy loss.

By partnering with Treedom, EP Cube now offers those investing in solar energy storage a way to make an even larger positive impact by helping support tree-planting projects around the world.

“In this collaboration with Treedom, we are proud to offer our customers an opportunity to take further action and help to protect our planet,” said Mimosa Kan, Director of Business Development at Eternalplanet. “EP Cube plays a significant role in saving energy, decreasing reliance on fossil fuels, and reducing emissions – equivalent to as much as 600 trees a year. We hope this collaboration will encourage more people to go green with EP Cube.”

The initiative is currently underway in the US and will come to more regions globally. Canadian Solar and Eternalplanet are dedicated to further popularizing this campaign and will introduce EP Cube to more markets, creating a greener and more sustainable future with their partners.

About Eternalplanet

Eternalplanet is a consumer-oriented independent brand of energy technology under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. Eternalplanet always adheres to scientific and technological innovation and is committed to providing energy solutions for people and promoting the sustainable development of the world. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit https://www.canadiansolar.com.

PR Newswire

Smart HDMI Sync Box for high-end user, Lumary launches the Imvisual HDMI Sync Kit series

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LOS ANGELES, July 21, 2023 /PRNewswire/ — Lumary, a company at the forefront of innovation in the smart lighting industry, proudly announces the launch of the Lumary Imvisual HDMI Sync Kit series, which is based on HDMI synchronization box technology. This kit boasts outstanding features and a breathtaking design, offering users an unparalleled seamless fusion of lighting and imagery.

Lumary Zigbee Smart Recessed Lighting Imvisual HDMI Sync Box Kit
Lumary Zigbee Smart Recessed Lighting Imvisual HDMI Sync Box Kit

Imvisual Technology: Imvisual is an AI-powered algorithm developed by Lumary that enables real-time color synchronization between Zigbee smart recessed lights and TV backlight with your TV, computer, or projector. This innovative technology creates an immersive dynamic viewing experience, enhancing the ambiance of any room. Whether you are enjoying a movie, playing video games, or simply relaxing with friends and family, you will undoubtedly be impressed.

Lumary Imvisual HDMI Sync Kit includes 4 Zigbee smart recessed lights, an HDMI Sync box, and a 12.5ft smart TV backlight for 55-65 inch TVs. These products work together in innovative ways to elevate the home theater experience to a whole new level.

Lumary Imvisual’s core – HDMI 2.0 Sync Box, supporting 2a 240Hz high refresh rate, providing more frequent screen updates for clearer fast-action visuals. This means that when watching dynamic content such as movies, TV shows, sports events, or playing games, you’ll experience smoother and more defined motion and visuals, immersing you in a more realistic and engaging experience.  The 4K HDR technology can reproduce colors and brightness closer to the real world. It provides more details and accurate color reproduction, allowing viewers to enjoy clearer, more delicate, and more vivid images, enhancing the immersion and enjoyment of movies, games, and other media content. Lumary HDMI Sync Box can achieves low-latency synchronization, whether you’re watching movies, TV shows, sports events, or playing games, our HDMI Sync Box eliminates any possible delays or synchronization issues between different HDMI sources, ensuring a seamless viewing experience. Each frame will arrive on time for your display, guaranteeing you won’t miss any details and allowing you to enjoy the best visual effects.

Zigbee Smart Recessed Lights: compared to Wi-Fi protocols, Zigbee provides more stable signal transmission. The Zigbee protocol employs a simple pairing process, eliminating the need for complicated network settings and operations, allowing users to quickly establish a wireless connection between smart spotlights and smart home systems.

Dynamic RGBAI TV Backlight: Lumary RGBAI technology enables displaying multiple colors simultaneously. Specifically designed for 55-65 inch TVs, providing a seamless and immersive viewing experience with Smart TV LED Backlight enhancing the TV screen’s quality.

The Lumary Imvisual HDMI Sync Kit is now available. Whether you’re a home theater enthusiast or someone who enjoys spending wonderful moments in front of the TV, the Lumary Imvisual HDMI Sync Kit promises an extraordinary audiovisual experience. Visit the Lumary official website for more information and to reserve your Lumary Imvisual HDMI Sync Kit.

About Lumary:

Lumary is a smart lifestyle brand providing high-end smart lighting products. Lumary is a tech-led, people-oriented company. Lumary technology can combine voice assistants and mobile applications to provide high-quality smart products and a more convenient user experience for Lumary customers. Easy and quick installation and the latest technology save your time and make your experience more enjoyable.

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Email: marketing@lumary.tech

PR Newswire

LG Innotek published the 2022-2023 Sustainability Report

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  • Achieved 20% carbon neutrality within one year after the declaration and increased shareholder-friendly policies such as the 10% dividend payout ratio
  • Increased investment in R&D by 33% from the previous year to strengthen the competitiveness of future business

SEOUL, South Korea, July 21, 2023 /PRNewswire/ — LG Innotek (CEO Jeong Cheol-dong) announced on the 21st that it had published the ‘2022-2023 Sustainability Report’ that covers the performance of ESG (Environmental·Social·Governance) management.

LG Innotek published the 2022-2023 Sustainability Report
LG Innotek published the 2022-2023 Sustainability Report

LG Innotek achieved meaningful results previous year by performing substantial ESG management activities to enhance corporate value.

In the environmental field, LG Innotek joined ‘RE100’ and decided to use renewable electricity in all workplaces by 2030. At the same time, LG Innotek declared that it would achieve 100% Carbon Neutrality by 2040. LG Innotek also joined the Science Based Targets initiative (SBTi) to systematically carry out carbon neutrality activities.

LG Innotek has already achieved the goal quickly by recording the renewable electricity conversion rate of 22% (RE22) and carbon neutrality rate of 20%.

In 2022, LG Innotek received the ‘Minister Prize from the Ministry of Environment’ as the leading company in resource circulation in recognition of its efforts for resource circulation, such as the development of a waste management system, reusing process subsidiary materials, and reducing the use of plastic packaging materials.

Besides, Gumi, Pyeongtaek, and Gwangju plant of LG Innotek have obtained the ‘ZWTL (Zero Waste to Landfill)’ certification from UL(Underwriters Laboratories) Solutions, a global safety certification body. In particular, the Pyeongtaek plant acquired the highest grade ‘Platinum’ last year by achieving 100% resource circulation following the Gumi plant.

In the social field, there is noteworthy in this Sustainability Report that employees participated a lot of social contribution activities. Since the company’s online social contribution portal had launched in 2022, more than 3,000 employees have actively participated in various forms of social contribution activities, such as online donation funding and non-face-to-face volunteering.

LG Innotek was selected as the most excellent company for 6 consecutive years in the Win-Win Growth Index operated by Korea Commission for Corporate partnership.

Furthermore, LG Innotek received Grand Prize from the Great Place to Work in Korea Award in recognition of its excellent corporate culture.

In the field of governance, LG Innotek has focused on creating a transparent and sound business environment. As a result, LG Innotek received ISO 37301 (Compliance Management System) certification, Excellent Anti-corruption Company at the Business Integrity Society Summit (BIS) hosted by United Nations Global Compact (UNGC) Korea, and ISO 22301 (Business Continuity Management System) certification last year.

LG Innotek has also strengthened shareholder-friendly policies. In 2022, LG Innotek paid a total of KRW 98.2 billion as a dividend per share, which is a significant increase from the previous year (KRW 71 billion). As a result, LG Innotek successfully implemented its dividend policy of maintaining a dividend payout ratio of 10% or more until 2024.

In addition to ESG management, the Sustainability Report highlights LG Innotek’s various efforts to secure the competitiveness of future business.

LG Innotek invested KRW 752.8 billion in R&D last year to advance original technology and identify new value-added businesses in future growth areas. The amount had a 33% increase from 2021 (KRW 564.2 billion). During the same period, LG Innotek also expanded industry-university collaboration significantly by doubling the number of industry-university projects.

“LG Innotek will continue ESG management faithfully as ‘Global No.1 Material and Component Company’ that provides differentiated customer value.” said CEO Jeong Cheol-dong.

PR Newswire

CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China

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  • Meeting Surging Demand for Lithium-ion Batteries with Cost-Effective Expansion

DALIAN, China, July 21, 2023 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. (“Dalian CBAK”), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the “Shangqiu City”) and partnering entities (the “Lessor”). These strategic collaborations, in the form of investment and lease agreements, will enable CBAK Energy to satisfy the surging demand for its 26700 cylindrical batteries at a relatively lower cost.

Under the terms of the cooperation, Dalian CBAK will pay an annual rental of several million RMB (the “lease payments”) to secure the rights to utilize the Lessor’s production line. This production line is projected to increase Dalian CBAK’s capacity by approximately RMB300 million worth of our 26700 cylindrical batteries. The Lessor will cover the costs of renovating the production line to meet Dalian CBAK’s manufacturing needs. Production is expected to commence as early as this year. Moreover, the investment agreement with Shangqiu City also presents an opportunity for Dalian CBAK to receive government subsidies once certain tax conditions are met, which will be used to partially or fully offset the lease payments, significantly enhancing the cost-effectiveness to this investment.

Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, “We are thrilled to embark on this collaboration. It will enable us to expand our production capabilities for high-power batteries, specifically the 26700 lithium-ion cylindrical batteries, in order to meet the rapidly growing market demand. Furthermore, it strengthens our commitment to achieving cost-effective and sustainable growth. We firmly believe that this investment, which allows us to acquire an additional capacity of RMB300 million worth of battery products for only RMB3.5 million, will further enhance our sales expectations.”

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:

CBAK Energy Technology, Inc.
Investor Relations Department
Mr. Thierry Jiewei Li
Phone: 86-18675423231
Email: ir@cbak.com.cn

Piacente Financial Communications
Ms. Hui Fan
Tel: +86-10-6508-0677
Email: CBAK@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Ms. Brandi Piacente
Tel: +1-212-481-2050
Email: CBAK@thepiacentegroup.com

Source: CBAK Energy Technology, Inc.

PR Newswire

WiMi Developed an HMD-based Control System for Humanoid Robots Controlled by BCI

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BEIJING, July 21, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced its development of a humanoid robot control system based on a head-mounted display (HMD) controlled by a brain-computer interface (BCI). This system via steady-state visual evoked potentials (SSVEP) and allows interaction with the environment and humans. The technology provides real-time feedback through the robot’s embedded camera, which integrates stimulus feedback into the HMD display.

WiMi’s researchers took control of the robot and tested its performance by using this new interaction in an experiment. Testers were asked to navigate the robot to a specific location to perform a task. This test was based on visual SLAM feedback, which provides navigation instructions through images of the environment captured by a camera.

Steady-state visual evoked potentials (SSVEP) are used as control signals, and the user’s EEG signals are captured by an EEG signal acquisition device, and real-time feedback from the robot is displayed using a head-mounted display. For navigation instructions, the researchers embedded an embedded camera in the robot and combined its real-time feedback with the SSVEP signals on the head-mounted display to form a form of interaction. The researchers used a visual SLAM (Simultaneous Localization and Mapping) algorithm to implement the navigation instructions.

The control system of the head-mounted display BCI consists of several components: signal acquisition device, head-mounted display, humanoid robot, embedded camera, control algorithm, etc. The steps and results of WiMi’s BCI control system implementation are as follows:

EEG signal acquisition and processing:

The WiMi researchers first used a set of EEG signal interaction platforms for capturing the user’s EEG signals and processing those signals. The platform consists of a multi-channel amplifier, electrode caps, and data acquisition software to capture and store the user’s EEG signals in real-time. In processing the EEG signals, an efficient method is used, which is the extraction of SSVEP by frequency analysis of the signals. This method presents light flashes of a specific frequency to the user, and the user’s EEG signal will resonate at this frequency, thus enabling the extraction of control signals.

The researchers used an EEG signal acquisition device to capture the user’s EEG signals, a head-mounted display to show real-time feedback from the robot, and an embedded camera to provide navigation instructions. The control algorithm uses a visual SLAM algorithm to implement the navigation instructions, which models the environment and implements the navigation instructions from images of the environment captured by the robot’s camera.

Head-mounted display applications:

To provide feedback on the control signals, the researchers used a head-mounted display, which shows real-time images and states displayed through a built-in monitor. The head-mounted display utilizes high-resolution display technology to provide a more realistic experience of the virtual environment.

In addition, to better provide feedback on control signals, the researchers combined the display with the robot’s built-in camera. With the robot’s camera capturing images of the environment and displaying them on the head-mounted display, users can visualize the robot’s state and environmental information more intuitively. Specifically, the user is required to gaze at a specific frequency of light stimuli on the head-mounted display, which causes the user’s brain to emit a specific SSVEP signal. Once the signal is captured and processed, a control algorithm can determine the user’s intent based on the frequency and amplitude of the signal, such as moving the robot to turn left or right. The embedded camera captures the viewpoint of the robot in real-time, providing an image of the environment as well as feedback on the current position of the robot.

Navigation implementation:

Using the SLAM algorithm, an image of the robot’s environment is captured by the robot’s built-in camera and converted into a model of the robot’s environment. The algorithm is also able to estimate the robot’s position and provide navigation instructions to the user. The user can control the direction of the robot’s movement through SSVEP signals, while the head-mounted display shows the robot’s status and environmental information to provide more intuitive feedback to the user.

In addition, the researchers conducted an experimental evaluation of the control system to assess its performance in terms of control accuracy and interaction experience. The experimental results show that the control system can provide precise control signals as well as an immersive interactive experience, providing users with a novel way to control their robots.

Experimental evaluation:

To evaluate the performance of the system, the researchers conducted a series of experiments. The experiments included a user using the system for a robot navigation task and a control experiment using a traditional remote control for the task. The results of the experiments showed that users were able to perform navigation tasks more accurately and get better interaction when using the system.

The researchers conducted experiments to evaluate the control system, including performance in terms of control accuracy and interaction experience. In the experiment, participants were required to control the robot to walk to a specific location to complete a task in a simulated environment. The experimental results show that the control system can provide precise control signals with an average control accuracy of 98.1%. Meanwhile, users evaluated the system as a very good interaction experience, and considered it a very natural and intuitive way of interaction.

WiMi’s head-mounted display (HMD) for robot control via a brain-computer interface (BCI) demonstrates a new way of interaction, providing a more natural and intuitive way of control. Experimental results show that the control system can provide precise control signals. This control method has the potential to be used in many scenarios that require precise control, such as medical, educational, and entertainment fields. Subsequently, the control system can be combined with other sensor technologies, such as voice and gesture, to provide more diverse control. This navigation-assisted scheme provides users with a novel interaction method, which can improve the robot’s operation efficiency and interaction experience.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the 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,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, 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. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Source: WiMi Hologram Cloud Inc.

PR Newswire

ePLDT Dominates PH Market with 12th VITRO Data Center

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Demand and anticipation from hyperscalers, CDNs, banks, BPOs, carriers, and national government fuel ePLDT’s expansion

MANILA, Philippines, July 21, 2023 /PRNewswire/ — ePLDT, the ICT subsidiary of PLDT, the Philippines fully integrated telecommunications and digital services provider, is set to further boost its 65% data center market capacity share by building its 12th data center facility. The announcement came during the W. Media Philippines Cloud and Datacenter Convention 2023, where ePLDT President & CEO Victor S. Genuino shared the company’s vision.

The decision to build the 12th data center, according to Genuino, is anchored on customers’ needs and aspirations to deliver digital innovation and promote inclusive economic growth. This also aligns with ePLDT’s vision to enhance Philippines’ regional competitiveness and attract investments post-pandemic.

“We want to be able to help the Philippines be the next hyperscaler hub of Asia while continuing to support the digital transformation journey of different sectors locally. That’s why we’ve been investing heavily in our ecosystem to ensure that our data centers will be a crucial enabler of the country’s digital economy,” added Genuino.

The 12th data center will have a power capacity of no less than 100 MW, further fortifying PLDT Group’s data center market leadership in the Philippines while leveraging on the massive infrastructure investment of the country’s largest telecommunication group.  

In a separate press briefing, Alfredo S. Panlilio, PLDT & Smart, Inc. President and CEO and ePLDT Chairman, explained that the expansion plans are strongly motivated by the growing demand from enterprise customers and hyperscalers, driving the Group’s vision for data center expansion.

Genuino also shared updates on ePLDT’s 11th data center, VITRO Sta. Rosa, which has already garnered significant interest from industry leaders, including hyperscalers, CDNs, banks, BPOs, carriers, and even the national government.

VITRO Sta. Rosa will be the largest and most advanced data center in the country, boasting a 50 MW power capacity. Designed to be Rated-3 Certified and Rated-4 Ready, it is fit to host the most critical and power-intensive IT infrastructure of hyperscalers and enterprises. 

With VITRO Sta. Rosa on the rise and a 12th data center facility underway, ePLDT’s power capacity will increase to around 200 MW once both sites are activated.

About ePLDT  

ePLDT is the industry-leading digital transformation partner of enterprises in the Philippines. Leveraging on the expertise and world-class telecommunication infrastructure of the PLDT Group, ePLDT aims to deliver customized ICT services through its suite of Multi-Cloud and Data Centers, which will enable enterprises to achieve their digital transformation vision.  

For more information about ePLDT, visit epldt.com.