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PR Newswire

Fifth Wall Acquisition Corp. I Reminds Stockholders to Vote “FOR” Business Combination with SmartRent at Special Meeting of Stockholders

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Upon Closing, the Combined Company Will Trade on the NYSE under "SMRT" Ticker Symbol

LOS ANGELES, Aug. 13, 2021 — Fifth Wall Acquisition Corp. I (the "Company" or "FWAA"), a special purpose acquisition company, today reminded stockholders to vote "FOR" the business combination with SmartRent.com, Inc. ("SmartRent") at the special meeting of stockholders scheduled for August 23, 2021 (the "Special Meeting"). The Company also noted the pending transfer of the listing of its Class A common stock, par value $0.0001 per share (the "Common Stock"), from the Nasdaq Capital Market ("Nasdaq") to the New York Stock Exchange (the "NYSE") in connection with the anticipated closing of the business combination.

Trading of the Common Stock is expected to begin on the NYSE on August 25, 2021 under the new ticker symbol "SMRT". The last day of trading on the Nasdaq is expected to be on August 24, 2021, following the consummation of the Company’s pending business combination transaction with SmartRent, which is currently expected to occur on August 24, 2021, subject to final stockholder approval at the Special Meeting and satisfaction of other customary closing conditions.

As previously announced, the Company will hold the Special Meeting via live webcast at https://www.cstproxy.com/fifthwall/2021 on August 23, 2021 at 9:00 a.m. Eastern Time for its stockholders of record at the close of business on July 27, 2021 to vote on the proposed business combination, among other things. The definitive proxy statement/prospectus with respect to the business combination, together with a proxy card for voting, has been mailed to the Company’s stockholders. Stockholders are encouraged to attend the Special Meeting and to vote as soon as possible by signing, dating and returning the proxy card enclosed with the definitive proxy statement/prospectus. If you have any questions, please contact Innisfree M&A Incorporated, the Company’s proxy solicitor, at (877) 456-3402.

No action is required by existing Company stockholders with respect to the ticker symbol or exchange listing change.

About Fifth Wall Acquisition Corp. I

Fifth Wall Acquisition Corp. I is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

About SmartRent

Founded in 2017, SmartRent is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. For more information please visit smartrent.com.

Important Information for Investors and Stockholders

This document relates to the proposed merger involving Fifth Wall Acquisition Corp. I ("FWAA") and SmartRent.com, Inc. ("SmartRent"). FWAA filed an amended registration statement on Form S-4 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") on July 26, 2021, which included a preliminary proxy statement/prospectus in connection with FWAA’s solicitation for proxies for the vote by FWAA’s shareholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to SmartRent’s shareholders in connection with the completion of the proposed transaction. The definitive proxy statement/prospectus has been mailed to the stockholders of FWAA, seeking any required stockholder approvals. Investors and security holders of FWAA and SmartRent are urged to carefully read the entire definitive proxy statement/prospectus and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed transaction. The documents filed by FWAA with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov. Alternatively, these documents, when available, can be obtained free of charge from FWAA upon written request to Fifth Wall Acquisition Corp. I, 6060 Center Drive, 10th Floor, Los Angeles, California 90045.

FWAA, SmartRent and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in favor of the approval of the merger and related matters. Information regarding their interest in the transaction is contained in the Registration Statement and definitive proxy statement/prospectus. Free copies of these documents may be obtained as described in the preceding paragraph.

This document does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed transaction. This document also does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor will there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, FWAA’s and SmartRent’s expectations or predictions of future financial or business performance or conditions, SmartRent’s product roadmap, including the expected timing of new product releases, SmartRent’s plans to expand its product availability globally, the expected composition of the management team and board of directors following the transaction, the expected use of capital following the transaction, including SmartRent’s ability to accomplish the initiatives outlined above, the expected timing of the closing of the transaction and the expected cash balance of the combined company following the closing. Any forward-looking statements herein are based solely on the expectations or predictions of FWAA or SmartRent and do not express the expectations, predictions or opinions of Fifth Wall in any way. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends" or "continue" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Certain of these risks are identified and discussed in the section of FWAA’s Form S-1 titled "Risk Factors," which was filed with the SEC on February 4, 2021. These risk factors will be important to consider in determining future results and should be reviewed in their entirety. These forward-looking statements are based on FWAA’s or SmartRent’s management’s current expectations and beliefs, as well as a number of assumptions concerning future events. However, there can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and neither FWAA nor SmartRent is under any obligation and expressly disclaim any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports, which FWAA has filed or will file from time to time with the SEC.

In addition to factors previously disclosed in FWAA’s reports filed with the SEC, including FWAA’s most recent reports on Form 8-K and all attachments thereto, which are available, free of charge, at the SEC’s website at www.sec.gov, and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: risks and uncertainties related to the inability of the parties to successfully or timely consummate the merger, including the risk that any required regulatory approvals or stockholder approvals of FWAA or SmartRent are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the merger is not obtained, failure to realize the anticipated benefits of the merger, risks related to SmartRent’s ability to execute on its business strategy, attract and retain users, develop new offerings, enhance existing offerings, compete effectively, and manage growth and costs, the duration and global impact of COVID-19, the possibility that FWAA or SmartRent may be adversely affected by other economic, business and/or competitive factors, the number of redemption requests made by FWAA’s public stockholders, the ability of SmartRent and the combined company to leverage Fifth Wall’s limited partner and other commercial relationships to grow SmartRent’s customer base (which is not the subject of any legally binding obligation on the part of Fifth Wall or any of its partners or representatives), the ability of SmartRent and the combined company to leverage its relationship with any other SmartRent investor (including investors in the proposed PIPE transaction) to grow SmartRent’s customer base, the ability of the combined company to meet Nasdaq’s listing standards (or the standards of any other securities exchange on which securities of the public entity are listed) following the merger, the inability to complete the private placement of common stock of FWAA to certain institutional accredited investors, the risk that the announcement and consummation of the transaction disrupts SmartRent’s current plans and operations, costs related to the transaction, changes in applicable laws or regulations, the outcome of any legal proceedings that may be instituted against FWAA, SmartRent, or any of their respective directors or officers, following the announcement of the transaction, the ability of FWAA or the combined company to issue equity or equity-linked securities in connection with the proposed merger or in the future, the failure to realize anticipated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions and purchase price and other adjustments; and those factors discussed in documents of FWAA filed, or to be filed, with the SEC.

Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in FWAA’s most recent reports on Form 8-K, which are available, free of charge, at the SEC’s website at www.sec.gov, and will also be provided in FWAA’s proxy statement/prospectus, when available. Any financial projections in this document are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond FWAA’s and SmartRent’s control. While all projections are necessarily speculative, FWAA and SmartRent believe that the preparation of prospective financial information involves increasingly higher levels of uncertainty the further out the projection extends from the date of preparation. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The inclusion of projections in this document should not be regarded as an indication that FWAA and SmartRent, or their representatives, considered or consider the projections to be a reliable prediction of future events.

Annualized, pro forma, projected and estimated numbers (including projected revenue derived from committed units) are used for illustrative purposes only, are not forecasts, and may not reflect actual results. Presentation of historical 0% customer churn (which occurs when an existing customer removes SmartRent installed units) is illustrative only, and is not intended to be predictive of future churn, particularly as business continues to grow. When used herein, the term "committed units" includes both (i) units that are subject to binding purchase orders from customers and (ii) units that existing customers who are parties to a SmartRent master services agreement have informed SmartRent that they intend to order.

This document is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in FWAA and is not intended to form the basis of an investment decision in FWAA. All subsequent written and oral forward-looking statements concerning FWAA and SmartRent, the proposed transaction, or other matters and attributable to FWAA and SmartRent or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

Investor Contact:
investors@smartrent.com

Media Contact:
SmartRent@Inkhouse.com

PR Newswire

MediaTek Announces Dimensity 920 and Dimensity 810 Chips for 5G Smartphones

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Bringing brilliant imaging, smarter displays and boosted performance together for incredible mobile experiences

HSINCHU, Taiwan, Aug 11, 2021 — MediaTek today announced the new Dimensity 920 and Dimensity 810 chipsets, the latest additions to its Dimensity 5G family. This debut gives smartphone makers the ability to provide boosted performance, brilliant imaging and smarter displays to their customers.

Designed for powerful 5G smartphones, the Dimensity 920 balances performance, power and cost to provide an incredible mobile experience. Built using the 6nm high-performance manufacturing node, it supports intelligent displays and hardware-based 4K HDR video capture, while also offering a 9% boost in gaming performance compared to its predecessor, the Dimensity 900.

The Dimensity 810 is built using the 6nm high-performance manufacturing node. It provides Arm Cortex-A76 CPU speeds up to 2.4GHz, premium camera features including artistic AI-color in collaboration with Arcsoft, and advanced noise reduction techniques for superb low-light photography.

"With the expanded Dimensity chipset series, MediaTek is providing device makers and smartphone users with the latest innovations at more accessible price points for the mainstream market," said Dr. JC Hsu, Corporate VP and GM of MediaTek’s Wireless Communications Business Unit. "Delivering a boost in performance, display intelligence and image brilliance, these new Dimensity chipsets will improve user experiences and deliver advanced 5G features and capabilities to 5G smartphones."

Key features of the Dimensity 920 include:

  • MediaTek Smart Adaptive Displays: Adjusts the display refresh rate according to the game or UI action detected, raising it during periods of intense action to improve user experiences, and then lowering it to improve power efficiency.
  • 4K Video Capture Hardware Engine: Integrates a flagship-class, HDR-native image signal processor (ISP) and incorporates a unique hardware-accelerated 4K HDR video recording engine supporting up to four concurrent cameras and up to 108MP sensors.
  • Boosted Performance: With the Arm Cortex-A78 processors in the octa-core CPU that can reach 2.5GHz clock speeds, along the latest LPDDR5 memory and UFS 3.1 storage, the Dimensity 920 maximizes performance.
  • Advanced Connectivity: Supports dual 5G SIM, dual VoNR, up to 2CC carrier aggregation, MediaTek 5G UltraSave power efficiency suite and 5G SA/NSA networking, 2×2 MIMO Wi-Fi 6 connectivity, Bluetooth 5.2 and multi-GNSS.
  • Smooth Gaming: Supports MediaTek HyperEngine 3.0 with 5G call and data concurrency, plus connection enhancements for high-speed rail and ‘Super Hotspot’ technology.

Key features of the Dimensity 810 include:

  • Faster Performance: Arm Cortex-A76 processors now support up to 2.4GHz in its octa-core CPU.
  • Faster Displays: Mainstream 5G smartphones can now benefit from 120Hz displays for an ultra-smooth user experience.
  • Incredible Cameras: Supports advanced noise reduction techniques (MFNR & MCTF) for excellent low-light capture, and supports up to 64MP cameras.
  • High-end AI-Camera Features: Enables stunning camera experiences like AI-Bokeh and artistic AI-Color in collaboration with Arcsoft.
  • Smooth Gaming: Supports MediaTek’s HyperEngine 2.0 gaming technologies with an intelligent resource management engine and advanced networking engine.

MediaTek’s Dimensity 5G series brings smartphones an unrivaled combination of connectivity, multimedia, AI and imaging innovations to global markets with the Dimensity 700, 800, 900, 1000, 1100 and 1200 families. With support for every cellular connectivity generation, the new Dimensity 5G chips deliver the latest connectivity features including 5G standalone (SA) and non-standalone (NSA) architectures, 5G two carrier aggregation (2CC) including mixed mode FDD+TDD, dynamic spectrum sharing (DSS) technology support, True Dual SIM 5G (5G SA + 5G SA) and Voice over New Radio (VoNR).

The new MediaTek Dimensity 920 and Dimensity 810 will power 5G smartphones that are expected to launch in the global market in Q3 2021. For full specifications and further details, please visit: https://i.mediatek.com/mediatek-5g

About MediaTek Inc.

MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables 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.

MediaTek Press Office:

PR@mediatek.com
Kevin Keating, MediaTek
+1- 206-321-7295
10188 Telesis Ct #500, San Diego, CA 92121, USA

Related Links :

http://www.mediatek.com

PR Newswire

Tolly Verifies Huawei’s CloudCampus Solution Leads the Industry in Five Critical Campus Network Capabilities

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NANJING, China, Aug. 6, 2021 — The Tolly Group, a world-renowned independent testing lab, recently released the comparative testing results of campus network solutions from leading vendors. The findings show that Huawei’s CloudCampus Solution leads the industry in five critical campus network capabilities: solution architecture, automated network management, intelligent Operations and Maintenance (O&M) and experience assurance, network security, and openness.

Intelligently connecting all things and migrating services to the clouds are two megatrends experienced by campus networks amid the ongoing enterprise digital transformation. Today’s enterprise CIOs and network managers struggle to ensure user and application experience in the face of ever-changing services.

Against this backdrop, Tolly designed 61 test cases, 27 of which are new, by following the principle of building an experience-centric campus network and revolving around the full network O&M lifecycle, from planning and construction all the way to maintenance and optimization. Under the same test environment, Tolly engineers strictly and comprehensively tested Huawei’s CloudCampus Solution and a comparable solution from another industry-leading vendor.

The test results verify that Huawei’s Cloud Campus Solution outperforms the counterpart by offering simpler architecture, higher level of automation, more intelligent O&M, stronger network-security convergence, and better openness for easy interoperability with third-party vendor offerings. With advantages in these five critical capabilities, Huawei’s CloudCampus Solution can help enterprises slash IT O&M time and investment. It can also assist enterprises to build user-centric networks for reduced user complaints, improved network stability and reliability, lowered O&M costs, and enhanced operational efficiency.

Kevin Tolly, Founder and CEO of the Tolly Group, said: "According to our comprehensive testing, we are impressed by the compelling features of Huawei’s CloudCampus Solution, such as one-stop management architecture, full-lifecycle automated management, and intelligent O&M. We believe that the Huawei solution will empower enterprises to seize new opportunities arising from digital transformation in the cloud era."

"We are thrilled that Tolly has conducted independent and rigorous testing on Huawei’s CloudCampus Solution. The Tolly test report is of great help for customers of all types and sizes to better understand Huawei’s CloudCampus Solution," said Li Xing, President of the Campus Network Domain, Huawei’s Data Communication Product Line. "Looking ahead, we will continue to follow our ‘fully wireless networking, one global network, cloud management, and intelligent O&M’ philosophy and provide customers and partners with the most advanced campus network products and solutions."

For more information, please download the full Tolly report at https://e.huawei.com/en/material/networking/campus-network/eca05e2f7a754b75b568fedbe5b64143.

To learn more about Huawei’s CloudCampus Solution, visit: https://e.huawei.com/en/solutions/business-needs/enterprise-network/campus-network.

Related Links :

http://www.huawei.com/cn

PR Newswire

Supermicro Debuts New Top-Loading and Simply Double Storage Systems with 3rd Generation Intel Xeon Processors, PCI-E 4.0 with NVMe Cache for High-Capacity Cloud-Scale Storage

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Comprehensive Family of 60-bay and 90-bay 4U Storage Models Supporting Single-Node, Dual-Node, Storage Bridge Bay, or JBOD Configurations in a Highly Serviceable Architecture

SAN JOSE, Calif., July 27, 2021 — Super Micro Computer, Inc. (Nasdaq: SMCI), a global leader in enterprise computing, storage, networking solutions, and green computing technology, announced new versions of its market-proven top-loading storage solutions with 60-bay and 90-bay systems along with new Simply Double storage systems fully optimized for the latest 3rd Gen Intel Xeon Scalable processors and PCI-E 4.0 NVMe drives. These best-in-class high-capacity storage and expansion systems are ideal for cloud-scale storage implementations as well as HPC storage workloads.

Supermicro Debuts New Top-Loading and Simply Double Storage Systems
Supermicro Debuts New Top-Loading and Simply Double Storage Systems

"As the growth in software-defined, cloud-based storage continues to accelerate, Supermicro helps data centers to rapidly modernize their infrastructure to leverage flexible configuration, tool-less modular designs that can be serviced by a technician, and simple expansion capabilities with our new X12 60-bay or 90-bay single, dual node and high availability architecture innovation," said Charles Liang, president, and CEO, Supermicro. "Our new high-capacity storage systems continue Supermicro’s focus on resource saving and delivers industry-leading capacity for a lower total cost of ownership (TCO)."

Top-Loading Storage Systems

Supermicro’s new top-loading architecture delivers improved flexibility, modularity, and serviceability that customers require. Both 60-bay and 90-bay systems are available in single-node, dual-node, and dual-node high availability (HA) configurations. The dual-node HA and single-node configurations control access to all drives in the systems. The dual-node configuration evenly split the drive control access between each node. With a modular, tool-less design, all critical onboard systems – hot-swap server nodes, expanders, fan modules, power supplies, and drives – are fully optimized for easy serviceability by one technician.

Supermicro’s new high-capacity top-loading systems are optimized for enterprise and cloud-scale storage environments. This scale-up and scale-out architectures design offers customers the configuration options of  PCI-E 4.0-based RAID or IT mode SAS controller. These 4U systems feature 60 or 90 hot-swap 2.5" or 3.5" SAS3/SATA3 bays plus two onboard PCI-E M.2 slots and two internal slim SATA SSD slots. The single-node system also supports two rear hot-swap 2.5" bays for OS mirroring and four optional NVMe U.2 bays for fast caching. The system supports 1.6 petabytes of cost-optimized storage at the maximum configuration, plus up to 60TB of SSD flash via the rear-accessed NVMe. The single- and dual-node systems use 3rd Gen Intel Xeon Scalable processors in a dual-socket configuration with 16 DIMM slots per server node.

Simply Double Storage Systems

Supermicro’s Simply Double storage server is an industry-leading solution for content delivery. Today’s announcement introduces performance and serviceability enhancements to the overall design to support 3rd Gen Intel Xeon Scalable processors in a dual-socket configuration with 16 DIMMs while maintaining the same dense storage footprint. Up to four rear hot-swap U.2 NVMe bays are supported, allowing users to add flash without sacrificing any of the 24 SAS/SATA 3.5" storage bays. Innovative chassis design enhances airflow and streamlines system service accessibility to components such as the motherboard, CPU, memory, PCI-E slots, internal drive bays, and rear drive bays. Along with these mechanical improvements, the system can be configured with the options of  PCI-E 4.0-based RAID or IT mode SAS controller.

Supermicro Storage Summit

Supermicro is launching these new systems in conjunction with its Open Storage Summit 2021, highlighting software-defined storage technology innovations. The Open Storage Summit 2021 will take place from July 27 – 29, 2021. Please click here for more details and to register.

About Super Micro Computer, Inc.

Supermicro (SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced Server Building Block Solutions® for Enterprise Data Center, Cloud Computing, Artificial Intelligence, and Edge Computing Systems worldwide. Supermicro is committed to protecting the environment through its "We Keep IT Green®" initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

All other brands, names, and trademarks are the property of their respective owners.

 

Related Links :

http://www.supermicro.com

PR Newswire

The Untold Story Releases Zhang Liming’s Short Documentary on An Electrician’s Innovation Dream

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BEIJING, July 17, 2021 — Zhang Liming has held the field electrician for over 30 years. As an employee of the State Grid Tianjin branch’s Binhai subsidiary, Zhang has been granted several titles for his work, including Role Model of the Times and National Morale Model.

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While he is proud of his blue-collar work, Zhang has also concentrated on introducing technological innovations. Zhang has developed four generations of live wire robots to improve the efficiency and safety of live wire working conditions.

Zhang said the robots have the abilities of visual recognition, motion control and electromagnetic interference, which give them the functions of accurate positioning, independent path planning in line with technical standards.

This short documentary was produced by The Untold Story, and it mainly told the innovation story of Zhang Liming. In this video, the audience could know how an ordinary blue-collar worker become a leading role in innovation. Meanwhile, it showed Zhang’s good personality and his professional pursuit. 

Live wire robots have been put into service in North China’s Tianjin Municipality, replacing humans in the dangerous work on high-voltage power lines.

Zhang has not only inspired the Binhai arm of the company, but also the entire Tianjin branch following his lead on voluntary work and innovations.

Contact: Jane Cheng 
Tel：008610-68996566
E-mail：1163514639@qq.com  

 

 

PR Newswire

TES Closes Deal On 10,000 sqm Battery Recycling Facility With Europe’s Largest Seaport

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– The deal between TES and the Port of Rotterdam will bolster Europe’s capacity to recycle lithium batteries –

ROTTERDAM, N.Y., July 12, 2021 — Today TES, one of the world’s largest providers of sustainable technology lifecycle services, has announced it has agreed to a deal that secures the future of a 10,000 square metre (approx. 110,000 sq. feet) recycling facility in the Port Of Rotterdam, Europe’s largest seaport.

The facility, strategically located adjacent to the waterways of the port of Rotterdam and with an option to extend onto a neighbouring plot that will increase the site to over 40,000 square metres (approx. 430,000 sq. ft), already has a basic waste license to receive, store and forward lithium batteries and to manage electric vehicle batteries and battery production scrap as well as a license to shred alkaline batteries.

The site extension is planned to be fully operational by late 2022 and will be the first lithium battery recycling plant in the Netherlands, complimenting the two other TES lithium battery recycling facilities in Grenoble (France) and Singapore.

The TES site in Grenoble was one of the first recycling sites to use an inert shredding process that safely crushes lithium batteries and developed a number of key patents for hydrometallurgical processes.

The expertise gained in France played a key role in TES opening Southeast Asia’s first lithium battery recycling facility in Singapore in March 2021. This state-of-the-art facility has the daily capacity to recycle up to 14 tonnes of lithium batteries — the equivalent of 280,000 smartphone batteries.

These existing facilities will support the development of the new, larger-scale site in the Port of Rotterdam. The combined capacities of the three facilities will make TES one of the largest service providers of lithium battery recycling globally as well as one of the largest generators of commodity materials produced from the battery recycling process.

This deal is part of an ongoing commitment from TES to improve the collection and recycling of portable and industrial batteries in Europe and supports the European Union’s goals laid out in the European Green Deal.

It is also a strategic move in preparation for the huge rise in global demand for lithium batteries as car manufacturers increase their electric vehicle outputs — which are predicted to increase 14-fold by 2030 (compared to 2018 levels).

A report from Circular Energy Storage1 in December 2020 explained that Europe is currently under capacity for sustainable lithium battery recycling, and more capacity is needed to meet waste generation by 2030.

1 https://circularenergystorage.com/reports

According to figures from the European Commission2, the EU could account for 17% of the global demand for lithium batteries by 2030, the second highest share worldwide.

Thomas Holberg, Global Vice President of Battery Operations at TES commented, "We have a vision to be a global sustainability innovator, and our unwavering ambition to turn the Port of Rotterdam site into a state-of-the-art European battery recycling facility is key in delivering that strategy. Once up and running, we will have up to 10,000 tonnes of shredding capacity per year and a subsequent hydrometallurgical process which focuses on the recovery of nickel, cobalt, and lithium as a precursor feedstock for the battery industry."

In response to rising demand, the European Commission has proposed modernising EU legislation on batteries as part of its Circular Economy Action Plan3. This includes goals for batteries that are more sustainable throughout their entire life cycle — which is key for the European Green Deal and will contribute to the EU’s zero pollution ambition.

Jean-Christophe Marti, Senior Partner and CEO at Navis Capital Partners, added, "With this investment, TES deepens its commitment to a global network of sustainable battery recycling offerings that addresses the challenges around the lifecycle while positioning TES as a trusted partner in closing the loop for our customer’s battery supply chain."

Securing the future of this facility is welcomed by the Port of Rotterdam and is another example of their continued focus on supporting the development of circular industries within the port.

Allard Castelein, CEO at the Port of Rotterdam, commented, "We are working not only towards a net zero CO2 emission port and industry in 2050 but also looking at ways to make the industry more circular. Therefore, besides working on projects regarding, for instance, hydrogen and carbon capture and storage, it is important to take significant steps to establish circular production processes. The TES project in Rotterdam is exactly that. This could very well become the largest European facility for recycling batteries from electric cars."

Holberg concludes, "Our mission at TES is to ‘close the loop’ on lithium battery production by encouraging reuse and improving the collection and recycling of the scarce metals and materials they contain. Our commitment to this facility in the Port of Rotterdam is a clear indication that we are choosing to invest in our future now and to increase capacity in the European battery recycling supply chain."

Notes to Editors

2 https://ec.europa.eu/commission/presscorner/detail/en/fs_20_2359

3 https://ec.europa.eu/environment/strategy/circular-economy-action-plan_en#ecl-inpage-875

  • The European Green Deal sets out goals for 2030 onwards to significantly improve the recycled content of scarce metals like nickel, cobalt and lithium in industrial and electric- vehicle batteries.
  • As of 01 January 2027, industrial and electric-vehicle batteries with internal storage will have to declare the content of recycled cobalt, lead, lithium and nickel they contain.
  • From 01 January 2030, these batteries will have to contain minimum levels of recycled content (12% cobalt, 85% lead, 4% lithium and 4% nickel).
  • From 01 January 2035, these levels will be further increased (20% cobalt, 10% lithium and 12% nickel).

Fast Facts:

  • TES owns and operates 42 facilities worldwide in 21 countries, which, in 2020 alone, processed over 108,000 metric tonnes of electronic material, with a reuse, recycling and recovery rate of 96.9%.
  • In the next 10 years, the battery demand due to electric vehicles will increase tenfold, up to 2,333 GWh.
  • By 2030, 215 to 300 million electric vehicles (EVs) will be on the road. By 2040, this number is expected to increase to 900 million.
  • Global demand for batteries is set to increase 14-fold by 2030 (compared to 2018 levels), mostly driven by electric transport.
  • TES officially took over the assets, employees, the site and its permit on 15 June 2021 from Battery Recycling Services Netherlands. The recycling site is on a 10,000 sqm property in the Port of Rotterdam and has an extension space of 30,000 sqm.
  • TES intends to reinstate the business and will begin plans for a capacity extension on the neighbouring 30,000 sqm plot for a recycling and repurposing centre for lithium batteries.
  • In March 2021, TES opened a multimillion-dollar, state-of-the-art facility in Singapore to cover Southeast Asia. The facility has the daily capacity to recycle up to 14 tonnes — the equivalent of 280,000 lithium smartphone batteries. A second battery recycling plant is set to go live later in 2021 in Shanghai (China). The site in the Port of Rotterdam will increase the capabilities and capacities in the European region. A video explanation of the recycling process can be found online: https://www.tes-amm.com/our-resources/tes-battery-recycling-facility-singapore
  • TES acquired the assets of a European battery recycling company in Grenoble (France) back in 2019. The site, operational since 1993, has been one of the first recycling sites using an inert shredding process to crush lithium batteries and developed a number of key patents for hydrometallurgical refining processes. The know-how gained in France over the years has been key for the latest projects in Singapore and will support the new, larger-scale site in the Port of Rotterdam.
  • Sustainable batteries are produced with the lowest possible environmental impact, using materials that have been obtained with full consideration of social and ecological standards, are long lasting and safe and can be repaired or reused and repurposed.

About TES – https://www.tes-amm.com

Since our formation in 2005, TES has grown to become a global leader in sustainable technology services and bespoke solutions that help clients manage the commissioning, deployment and retirement of technology devices and components.

We provide comprehensive services for technology devices throughout their lifecycle — from deployment to decommissioning to disposition — all the way through to recycling and end-of-life repurposing. This includes innovating new processes to leverage the value locked in assets if they are to be recycled, such as our proprietary lithium battery recycling process, which extracts scarce materials from used batteries at purity rates high enough that they can be used in the manufacturing supply chain.

We have made it our mission to make a decade of difference by securely, safely and sustainably transforming and re-purposing 1 billion kgs of assets by 2030. Our 42 owned facilities across 21 countries offer unmatched service level consistency, consistent commercials, lower logistics costs, local compliance experts in-region, support in local time zones and languages and a deep understanding of transboundary movement globally.

TES creates outstanding value for our clients, employees, stakeholders and the global community by leveraging a unique combination of security, value recovery and environmental expertise. We focus exclusively on eliminating the risks surrounding data security, compliance and environmental impact while maximising value recovery for businesses around the world.

About Port of Rotterdam – https://www.portofrotterdam.com/en

The aim of the Port of Rotterdam Authority is to strengthen the competitive position of the port of Rotterdam as a logistics hub and a world-class industrial complex in terms of both size and quality. The Port Authority is able and willing to make an impact, and so it is focusing on accelerating sustainability in the port, and it is a partner in the digitalisation of the port and logistics chains. The Port Authority’s core tasks are the sustainable development, management and operation of the port, the maintenance of the smooth and safe handling of shipping and supporting the future resilience of the Port of Rotterdam.

About Navis Capital Partners Limited – https://www.naviscapital.com

Founded in 1998, Navis manages approximately US$ 5 billion in private equity capital and focuses on investments primarily in and around Asia. Navis contributes both capital and management expertise to a limited number of well-positioned companies, with the objective of directing strategic, operational and financial improvements.

Navis has one of the largest private equity professional teams in Asia, comprising 58 individuals, supported by 30 administrative staff in six offices across the region. Navis has a long and proven track record in pan-Asian private equity, with over 80 control transactions across the Asian region completed since its establishment.

PR Newswire

Supermicro Boosts Performance for HPC and AI Applications with Optimized Servers Featuring New NVIDIA A100 80GB PCIe GPUs

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High Performance 200G Networking Accelerates HPC and AI Applications

SAN JOSE, Calif., June 28, 2021 — Super Micro Computer, Inc. (Nasdaq: SMCI), a global leader in enterprise computing, storage, networking, and green computing technology, announces a wide range of Supermicro servers will support the latest NVIDIA technologies. Both 3rd Gen Intel Xeon Scalable processors or 3rd Gen AMD EPYC™ processor-based servers will be available that incorporate the new NVIDIA® A100 80GB PCIe Tensor Core GPUs. With these new technologies, Supermicro systems will speed up HPC simulations and analytics applications. Moreover, AI applications, including training, inference, and recommendation engines, will run faster than previous generations of systems.

Supermicro Systems Supporting Advanced NVIDIA Technologies
Supermicro Systems Supporting Advanced NVIDIA Technologies

Supermicro servers, designed with a Building Block Solutions® approach, give Supermicro a first to market advantage when incorporating new technologies. State-of-the-art accelerated computing options can be quickly integrated and tested, bringing faster and more powerful systems to demanding customers quicker than other vendors.

"Supermicro has a long history of bringing systems supporting the latest NVIDIA products to market faster than other server manufacturers," said Charles Liang, president, and CEO, Supermicro. "The new products from NVIDIA will give our customers the ability to solve complex HPC and AI challenges much faster than before, decreasing their TCO. We continually bring application-optimized servers with the latest technologies available, such as our GPU and SuperBlade® systems, to help accelerate customer’s HPC and AI workloads."

The new NVIDIA A100 PCIe 80GB GPU will enable faster execution of AI and HPC applications, as bigger models can be stored in the GPU memory. In addition, future systems will include networking between high-performance servers with current and future InfiniBand capabilities.

The GPU SuperServer SYS-420GP-TNR with dual 3rd Gen Intel Xeon Scalable processors supports up to ten single or double width GPUs, including the new NVIDIA A100 80GB PCIe GPUs. Also, the AS -4124GS-TNR server contains dual AMD EPYC 7003 processors with up to eight single or double width GPUs, with the new NVIDIA A100 80GB PCIe GPUs. These new 80GB GPUs from NVIDIA will enable more extensive data sets to be held in memory, accelerating computationally-intensive HPC and AI applications.

"Supercomputing has the potential to transform entire industries and help solve some of the toughest problems they face," said Dion Harris, lead technical product marketing manager, accelerated computing at NVIDIA. "The extreme performance of the NVIDIA A100 80GB PCIe Tensor Core GPUs and NVIDIA NDR InfiniBand supported by Supermicro servers provides researchers with the unparalleled acceleration required to pursue the toughest industrial HPC challenges in the world."

Multiple NVIDIA A100 80GB PCIe devices can be installed in a range of Supermicro systems, allowing for flexible AI computing. By implementing NVIDIA’s Multi-Instance GPU (MIG) technology, organizations can guarantee a high quality of service for single applications and as a service for multiple users concurrently. In addition, with the larger memory available, data will not have to be moved between CPU memory and GPU memory, allowing for higher GPU utilization.

Leveraging NVIDIA NDR 400Gb/s InfiniBand technology with In-Networking Computing, networking tasks are offloaded, enabling a dramatic leap in performance is enabled, which is required for HPC, AI, and hyperscale cloud infrastructures. The new networking performance will allow applications designed to run on multiple systems, such as the Supermicro SuperBlade and BigTwin® servers, to produce results faster, enabling new insights into complex problems. Integrated systems combining industry-leading cards, cables, and switches on a complex HPC application will soon be able to share data and communicate twice as fast as before.

Customers worldwide use Supermicro systems powered by NVIDIA GPUs to tackle some of the world’s most challenging problems. For example, SZTAKI, the Institute for Computer Science and Control, uses NVIDIA HGX™ A100-powered servers to perform AI research in medical processing, machine learning, and language processing.

Learn more about how Supermicro can accelerate AI and HPC applications by visiting the Supermicro booth at https://www.supermicro.com/en/solutions/high-performance-computing 

About Super Micro Computer, Inc.

Supermicro (SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced Server Building Block Solutions® for Enterprise Data Center, Cloud Computing, Artificial Intelligence, and Edge Computing Systems worldwide. Supermicro is committed to protecting the environment through its "We Keep IT Green®" initiative and provides customers with the most energy-efficient, environmentally-friendly solutions available on the market.

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. AMD, EPYC, and combinations thereof are trademarks of Advanced Micro Devices, Inc. 

All other brands, names, and trademarks are the property of their respective owners.

 

Related Links :

http://www.supermicro.com

PR Newswire

EonStor GS Supports File-level SSD Cache to Accelerate Random File Access Performance

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TAIPEI, June 25, 2021 — Infortrend® Technology, Inc. (TWSE: 2495), the industry-leading enterprise storage provider, adds SSD cache technology into EonStor GS (GS) unified storage to considerably accelerate file access performance in enterprise applications characterized by high number of random file access operations.

EonStor GS is an enterprise-class unified storage enabling enterprises to manage file-based (NAS) and block-based (SAN) storage in a single device. With redundant controller design, multiple RAID hard disk protection levels and PB-level storage capacity, enterprises won’t have to worry about insufficient storage capacity and data loss. GS now supports SSDs acting as cache on its NAS storage service to improve file access performance. By caching frequently used data on a high-speed storage medium, subsequent client requests for accessing enterprise data can be served more quickly.

GS with integrated SSD cache is an optimal solution for applications involving random access behavior, such as file sharing, email, as well as media editing. If several users simultaneously access files and the required data bits are not located in adjacent sectors, traditional mechanical HDDs cause a longer seek time, resulting in a higher I/O delay, which in turn reduces system performance and negatively effects user experience. Thanks to SSDs’ near-zero seek time advantage, GS’s SSD cache reduces I/O latency and improves IOPS performance. High-efficiency algorithms intelligently predict and cache commonly used small blocks of data and metadata, improving GS’s access performance to random access data and elevating user experience to the new level.

"We added SSD cache to EonStor GS unified storage for accelerating file-level random access data. For general applications like office file sharing and emails, users can deploy one or two SSDs, while for media editing, which requires higher bandwidth, four or more SSDs are recommended," said Frank Lee, Senior Director of Product Planning.

Learn more about EonStor GS

Learn more about SSD Cache

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more information, please visit www.infortrend.com

Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc.; other trademarks are the property of their respective owners.

Related Links :

http://www.infortrend.com

PR Newswire

D-Link Reveals Latest Connectivity Innovations at Mobile World Congress 2021

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D-Link’s newest launches for businesses and consumers are set to pave the way for the new era of networking caused by the pandemic

TAIPEI, June 23, 2021 — D-Link, a global leader in networking technologies, will unveil its latest networking technologies engineered for enterprise 5G private networks, cloud-managed campus networks, on-premise SMB networks, and smart home networks at this year’s Mobile World Congress (MWC), in Barcelona, Spain.

All over the world, the pandemic and continued ‘stay-at-home culture’ has resulted in a natural reliance on technology and being connected, and created an overwhelming rise in decentralized workforces. Business owners have had to accept the impact this will have on the future of work, re-evaluate their existing network infrastructure, and adapt to the decentralization of the workplace by leveraging new technologies to help them optimize efficiency and productivity.

What’s more, the new global mobile workforce also demands advanced technologies to enable remote working. With that in mind, D-Link’s latest 5G Private Network, Nuclias Connect, Nuclias Cloud, and Smart Home solutions are specifically designed to support this new era of connectivity. 

5G Private Networks

Traditional, fixed broadband can be expensive and challenging for large enterprises to implement, especially in suburban or rural areas. 5G Fixed Wireless Access (FWA) delivers the high bandwidth and low latency connection that enterprises need to operate remotely while at a lower cost for internet service providers. At MWC, D-Link will present its latest technologies for enterprise 5G private networks, including a new 5G gateway that delivers robust security and high reliability to address critical wireless communication requirements for industrial applications.

Nuclias Connect

D-Link’s on-premise network management is private, highly secure, and builds into a business’ existing IT infrastructure to allow management and complete oversight. With Nuclias Connect and its wide range of compatible devices, including Wi-Fi 6 access points, smart switches, and a new network controller hub, SMBs with remote locations can build and manage the surveillance network they require to optimize productivity. What’s more, to lend more support to the new ways of working, Nuclias Connect also comes fully equipped with high scalability, easy multi-site management, and advanced analytics.

Nuclias Cloud

Businesses are still facing new challenges that have emerged because of the pandemic, including budget constraints, lack of IT resources, inadequate network security, and decreased productivity. With these obstacles in mind, Nuclias Cloud offers a cost-effective solution that combats these head-on – and allows for cloud-managed networks to be quickly deployed and easily maintained, minimizing costs and maximizing resources. Nuclias Cloud provides secure company network access, unlimited scalability, zero touch deployment, as well as role and privilege-based access control. D-Link will be introducing new enhanced features and compatible devices – such as Wi-Fi 6 access points and a new cloud-managed SD-WAN Gateway.  

Smart Home

Demand for faster, higher capacity connectivity has increased exponentially around the world as bandwidth-intensive applications become increasingly prevalent at home. D-Link’s range of smart home solutions leverages cutting-edge AI, Wi-Fi 6, 5G, and Mesh technologies to provide the powerful speed and capabilities that standard wired broadband connections cannot offer. At MWC, D-Link will be displaying the latest smart surveillance cameras, a Wi-Fi 6 USB Adapter, the AI Series, and the new 5G/LTE Outdoor CPE.

For more information, please visit the D-Link MWC event website.

About D-Link

D-Link is a global leader in connecting people, businesses, and cities with our computer networking solutions and technology. Our innovative products and services meet the needs of digital home consumers, small to medium sized businesses, enterprise environments, and service providers. D-Link implements and supports unified network solutions that integrate capabilities in switching, wireless, broadband, IP surveillance, and cloud-based network management. An award-winning designer, developer, and manufacturer for over 30 years, D-Link has grown from a group of friends in Taiwan into a global brand with over 2,000 employees in 60 countries.

PR Newswire

StarFive Adopts Valtrix STING for Verification of Next-generation RISC-V Processors

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BANGALORE, India, June 22, 2021 — Valtrix Systems, provider of design verification products for building functionally correct CPU and system-on-chip implementations, announced today that StarFive, a leading provider of RISC-V processors, platforms and solutions in China, has licensed STING for verification of the next generation of RISC-V processors.

STING, a design verification product from Valtrix, uses software-driven methodology to check the functional correctness and architectural compliance of RISC-V implementations. The product also consists of a RISC-V architecture verification suite and stimulus programming framework to provide the engineering teams an easy ramp into verification readiness and a platform to extend the base stimulus by writing custom tests.

StarFive’s CTO, Morton Yu, said: "We are delighted to work with Valtrix Systems. Its design verification tool STING features a highly flexible stimulus development framework and a large library of test stimulus. These add a new level of testing before the release of our next-generation processor design. StarFive has always looked to contribute to a more complete RISC-V processor ecosystem and we look forward to deepening our collaboration with Valtrix in delivering more powerful RISC-V technology."

"The open-source and modular RISC-V architecture allows CPU developers to innovate and customize their offerings to meet the application needs. Verification of custom implementations can be challenging and it needs a versatile solution which can adapt according to the requirements of the design configuration," said Shubhodeep Roy Choudhury, CEO of Valtrix. "STING’s well-proven verification methodology has been deployed and used successfully by multiple RISC-V developers and we are proud to partner with StarFive and help them in their endeavor of developing advanced RISC-V implementations," he added.

For more information on Valtrix’s design verification technology and products, visit: https://www.valtrix.in

About Valtrix’s STING Design Verification Tool

STING, the flagship product of Valtrix, is a commerically supported design verification tool for RISC-V based implementations. It can be configured to generate portable bare-metal programs containing self-checking architecturally-correct test stimulus, which can then be enabled on simulation, FPGA prototypes, emulation or silicon.

About StarFive

Founded in 2018, StarFive is a leading provider of RISC-V processors, platforms and solutions in China. Its portfolio of CPU IP is optimized for maximized performance and power efficiency, which are widely used in home appliances, industrial robots, network communication devices, edge computing. The company recently announced BeagleV™ single-board computer which is the first affordable RISC-V board to run on Linux.

Connect with Valtrix at:

Twitter: @ValtrixSystems
LinkedIn: https://www.linkedin.com/company/valtrix-systems

Media Contact:
Shubhodeep Roy Choudhury
deepsrc@valtrix.in  
valtrix-marketing@valtrix.in