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PR Newswire

The Art of Craftsmanship | GAC MOTOR Hosts Chinese-Panamanian Artists Exhibition

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GUANGZHOU, China, March 4, 2022 — GAC MOTOR has been operating in Panama since 2019, earning a solid foothold in the local market with quality vehicles and innovative designs. As Chinese smart manufacturing and automobile technology make a strong reputation worldwide, GAC MOTOR Panama hosts a vibrant exhibition. The Chinese-Panamanian artists at the exhibition represent a shared love for craftsmanship – the combination of beauty and skill – present in visual arts and the art of creating cars.

Progenie | The Spirit of Craftsmanship Across Cultures

The exhibition, named "Progenie," displayed the paintings of Chinese-Panamanian artists of three different ages, highlighting the contribution of Chinese painters to the multicultural tapestry of Latin America and notably Panama today.

The concept of Chinese craftsmanship has been a key pillar of GAC MOTOR’s overseas brand identity for some time now, with the GAC development strategy focusing on bringing outstanding Chinese designs and technology onto the world stage.

Cross-cultural art exhibitions like this one are important in communicating the amazing creativity that Chinese brands and individuals have to offer the world.

Ms. Mai Yap, one of the exhibiting artists based out of Florida, USA, said that "China lives in us, and although we came from and were born in different countries, we carry all that culture within us."

Mai Yap’s colorful works were displayed alongside another young visual artist, Nicole Rumaldo Choy, who represents merging these two cultures’ creative prowess.

The Spirit of Craftsmanship: Continued Efforts in the Americas

GAC MOTOR has become the top-performing Chinese brand in local sales since entering the Panama market in 2019. The nation is now home to more than 400 new GAC MOTOR owners.

Ever since the launch of the All New GS4 and extensive engagement in car rental projects last year, GAC MOTOR has attracted more attention. It has become a representative of Chinese car brands in Panama.

In the new year, GAC MOTOR will continue to provide Panamanian users with a high standard of travel experience. The brand looks forward to a future of further healthy development in the Americas.

PR Newswire

ReTo Eco-Solutions, Inc. Subsidiary Receives Approval to Build Internet of Vehicle R&D Center and Recognition as a “Specialized and Innovative” Small and Medium-Sized Enterprise of Haikou City

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BEIJING, Feb. 17, 2022 — ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments, announced today that ReTo’s subsidiary, Hainan Yile IoT Technology Co., Ltd. ("Yile IoT") and its subsidiary Hainan Yile IoV Technology Research Institute Co., have been approved by the Haikou Science and Industry Information Bureau to establish the "Haikou IoV Digital Applied Engineering Technology Research and Development Center" ("IoV Technology R&D Center"). Yile IoT was also recognized as a 2021 "Specialized and Innovative" Small and Medium-sized Enterprise in Haikou.

In response to Hainan Province’s science and technology innovation action plan, the IoV Technology R&D Center aims to further the future development of science and technology innovation in Hainan. As the first IoV science and technology innovation platform in the province, this center will be instrumental in consolidating the national resources of the IoV industry, continuing the research and development of key industrial technologies, accelerating the commercialization of technological achievements and developing technical services, business incubation, and innovative entrepreneurship.

The designation of a "Specialized and Innovative" Small and Medium-Sized Enterprise is awarded by Haikou City to enterprises operating in Haikou that are "professional, refined, specialized, and innovative." Following the issuance of the Implementation Plan for Promoting the Development of "Specialized and Innovative" Small and Medium-Sized Enterprises in Hainan Province by Hainan Provincial Industry and Information Technology Department in June 2021, the municipality of Haikou recognized Yile IoT in the first batch of "Specialized and Innovative" Small and Medium-sized Enterprises for its focus on market segments, emphasis on its core business, its strength in innovation, and its positive growth record.

Mr. Hengfang Li, Chairman and CEO of ReTo, commented: "Congratulations to Yile IoT for being recognized as a ‘Specialized and Innovative’ enterprise. This acknowledgement reflects recognition of Yile IoT’s business model and achievements in its field. Receiving the approval and beginning preparation work for the IoV Technology R&D Center mark an important milestone in the implementation of Yile IoT’s IoV business strategies，as Yile IoT focuses on the research, development, application and commercialization of IoV technologies, while providing customers with competitive, safe, and reliable products and solutions in the fields of IoV cloud services, intelligent terminals, and communication. The establishment of this center marks Yile IoT’s continued commitment to developing IoV technologies for residents and businesses in Hainan."

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo Eco-Solutions, Inc., through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company offers a full range of products and services, ranging from the production of environmentally-friendly construction materials, environmental protection equipment, and manufacturing equipment used to produce environmentally-friendly construction materials, to project consulting, design, and installation for the improvement of ecological environments, such as ecological soil restoration through solid waste treatment. Through its subsidiary Yile IoT Technology Co., Ltd., a high-tech enterprise in Hainan Province and focusing on the research, development and application of IoT technologies, the Company provides products and scenario-based solutions and products for clients primarily in the automobile rental, ride sharing and logistic sectors in China. For more information, please visit: http://en.retoeco.com

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate," or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, forward looking statements include the establishment of the IoV Technology R&D Center, the furtherance of Yile IoT’s business strategies , the ability to realize the anticipated goals and benefits from the establishment of the IoV Technology R&D Center and the designation of Yile IoT as "Specialized and Innovative" Small and Medium-size Enterprise , the Company’s plans, objects, goals, and strategies and assumptions underlying such statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties including those discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. These risks and uncertainties may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. Investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

ReTo Eco-Solutions, Inc.
Giorgio Zhao
Beijing Phone: +86-10-64827328
ir@retoeco.com or 310@reit.cc

 

PR Newswire

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

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

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

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

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

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

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

About NaaS

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

PR Newswire

Xinhua Silk Road: Fujian Dehua speeds up ceramics brand building with business events and policy kit

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BEIJING, Jan. 30, 2022 — The first Dehua "Master IP+" product launch and business matching event recently kicked off in the China ceramics e-commerce logistics park in Dehua county of east China’s Fujian Province.

Exhibits shown at the first Dehua "Master IP+" product launch and business matching event
Exhibits shown at the first Dehua "Master IP+" product launch and business matching event

By introducing more than 300 ceramics products for the Year of the Tiger, this very first event of the newly-opened logistics park set the tone for building a "Mater IP+" business mode while enriching Dehua ceramics namecard with cultural heritage and added value.

Dehua, a ceramics manufacturing powerhouse in China, exports over 70 percent of its ceramic products to over 190 countries and regions worldwide. It was dubbed the "World Ceramics City" by the World Crafts Council in 2015.

It is noted that the output value of Dehua ceramics exceeded 45 billion yuan in 2021, with brand value reaching 108.6 billion yuan. 

Traditionally well-known for white porcelain, Dehua country has been actively pushing forward industrial upgrades and transformation along with brand building for improved market competitiveness and international recognition and influence. 

The county government has released series of measures such as giving support for ceramics related shows and exhibitions, ceramic design and technique competitions, exploring marketing channels, as well as developing ceramic cultural and creative products.

Eyeing on the goal of "small county with large e-commerce vision and whole business ecology", Dehua county is also working on building and improving the service platform for artistic ceramics, hosting product fairs and new product launch while helping to bridge masters and enterprises. 

See the original link: https://en.imsilkroad.com/p/326300.html

PR Newswire

A new generation OBD diagnostic tool launched On Kickstarter!

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Check your all diagnostic reports from anywhere in your phone or tablet, and share for anyone.

ONTARIO, Calif., Jan. 30, 2022 — In the past 2021, Thinkcar Tech has achieved excellent results in the field of personal car owner diagnostic products and vehicle DIY diagnostic products, and has been recognized by users in many countries and regions around the world. In order to improve user experience and after collecting many users’ feedback, a new generation of OBD products will be launched on Kickstarter.

A new generation OBD diagnostic tool launched On Kickstarter
A new generation OBD diagnostic tool launched On Kickstarter

The new generation of Full OBD diagnostic tool by THINKCAR Tech. No only full OBD2 functions, but also OTA & diagnostic reports by Bluetooth transmission. Forget about your computer, let’s keep all your historical diagnostic reports in your phone. You can check your all diagnostic reports from anywhere, and share for anyone. Within the Thinkdiag+ APP community, you can share and exchange automotive diagnostics experiences and anecdotes.

This time we have upgraded stronger materials to make the product last longer and the various repair scenarios are perfectly matched. 2.8 inch screen, bigger screen, more intuitive display. 9 Shortcut Key, reject cumbersome, faster detection of your vehicle. More shortcut keys for quick and direct use in various repair and DIY scenarios.

THINKOBD900 have upgraded stronger materials to make the product last longer and the various repair scenarios are perfectly matched. Featuring a reinforced structure for 1.2 tons of pulling force. Added circuit protection to protect your loving car safety, and the surface protects against scratches and scrapes, preserving the scanner a longer service life. Metal hooks at the bottom, perfect hanging in the garage.

Now we have five packages available at Kickstarter, let’s check the following link: http://kck.st/3o9zeXY

Media Contact: Thinkcar Official, official@thinkcar.com

 

 

A new generation OBD diagnostic tool launched On Kickstarter
A new generation OBD diagnostic tool launched On Kickstarter

PR Newswire

HULKMAN Announces the Release of Its Most Advanced Battery Charger

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Santa Clara, Calif., Jan. 28, 2022 — HULKMAN has announced the launch of its latest product, the Sigma 5 Battery Charger and Maintainer. The Sigma 5 solves one of the most common vehicle-related problem faced by consumers—a dead battery. According to HULKMAN, not only does the Sigma 5 charge your dead battery (even if it has 0.3 volts remaining), it can also diagnose, repair, optimize and maintain your battery to help avoid dead batteries in the future.

HULKMAN Sigma 5 Amp Automatic Car Battery Charger And Maintainer
HULKMAN Sigma 5 Amp Automatic Car Battery Charger And Maintainer

The HULKMAN Sigma 5 Amp Battery Charger and Maintainer features universal adaptive charging, an impressive 3.4-inch LED display, an artificial intelligence (AI) optimizer, 360-degree bad battery diagnosis and repair, and five smart system protections. HULKMAN describes each of these features as follows:

  • Universal Adaptive Charging: Five tailored charging modes charge 99.9% of lead-acid batteries, including all types of 6V and 12V batteries—plus 12V lithium-ion batteries. The integrated sensor detects the current charging stage and internal temperature to charge the battery adaptively using the correct amount of electricity. This is perfect for small vehicles such as motorcycles.
  • LED Screen Display: The 3.4-inch screen displays up to 13 easy-to-see icons and combines a warning buzzer to indicate a mis-operation. Users can monitor current/voltage, select charging parameters, and identify specific battery problems.
  • AI Charge Optimizer: The 9-Step AI Charge Optimizer ensures the correct level of power is sent to the battery, and the AI Smart Maintainer automatically maintains the battery level without user intervention, eliminating overcharging. The 12V Force Charge mode allows you charge a battery with as few as 0.3 volts.
  • 360° Bad Battery Diagnosis and Repair: This feature detects abnormal voltage drops and battery sulfation and uses AI programming to recover the battery (if possible) and restore power via pulse repair technology. Super Repair mode and Force Charge mode can resuscitate old, long-dead batteries.
  • Five smart system protections: Five advanced protections ensure security, including high-temp, short-circuit, over-current, over-voltage, and reverse-polarity protection. These safeguards help stabilize charging performance and prolong battery life.

The HULKMAN Sigma 5 Amp battery charger features a rugged design and solid construction to last a lifetime. It is also dust-tight and drop resistant. HULKMAN offers a 36-month hassle-free warranty and lifetime technical support.

The HULKMAN Sigma 5 battery charger and maintainer is now available on Amazon and on the HULMAN website here.

About HULKMAN

As a pioneer in this industry, HULKMAN was created by a group of ambitious and dedicated entrepreneurs with a vision to redefine the automotive & energy industry. We invested hundreds of millions of dollars in R&D and high experienced talent around the world to create automotive & energy products and services that delight our consumers. Here at HULKMAN, we aspire to deliver only the best and most brilliant innovations.

PR Newswire

Leading E-commerce Logistics and Fulfillment Brand NextSmartShip Partners with B2B Medical E-commerce Giant LyncMed

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——NextSmartShip Solution for B2B E-commerce Platforms to Extend Global Reach

SHENZHEN, China, Jan. 13, 2022 — NextSmartShip, a world-leading fulfillment service provider for global e-commerce sellers, signed a strategic partnership agreement with LyncMed, a major global e-commerce platform for medical instruments.

Under this partnership, NextSmartShip will empower LyncMed during its global expansion with industry-leading logistics and fulfillment expertise and the next-gen proprietary SaaS platform – Fulfillship.

Global e-commerce has seen exceptional growth since the pandemic. Besides traditional industry giants like Amazon, new e-commerce platforms such as Shopify, WooCommerce, Wix, Walmart, and other vertical platforms were also propelled into a higher growth trajectory. Fulfillment companies played a fundamental role during this.

NextSmartShip has been the fulfillment partner for many of these platforms and is becoming the best and only option for more e-commerce, especially B2B platforms for their fulfillment solution, thanks to its comprehensive and innovative capabilities as a fully equipped provider throughout all supply chain stages and the in-depth experience serving 1000+ international DTC brands. Featuring:

  • 97% global coverage with 70+ top international carrier partners;
  • Next-gen SaaS platform offering smart functions like routes recommendation, fee estimation, smart inventory distribution, seamless tracking updates etc;
  • Open API kits that allow easy integration into B2B platforms;
  • Dedicated servers which ensure fast, stable, and secure data transmission;
  • Top of the line value-added services, e.g., product assembling and kitting;
  • One-stop experience: pick up at the door of your thousands of vendors (within China) and deliver globally;
  • A seamless payment experience supporting flexible billing models;
  • Highly-rated customer service.

As one of the leading B2B players in a vertical field, LyncMed is committed to bridging different sectors and improving the efficiency of the whole value chain for the medical device industry. Through this new partnership, LyncMed hopes to meet more global requirements with a stable, efficient, complete yet flexible logistic solution powered by NextSmartShip.

"Relying on our advantages in the global fulfillment industry, our innovative solution can help LyncMed build a robust platform that truly empowers global businesses in the medical device industry."

"We have been chosen and recommended as the overall fulfillment solution provider for nearly ten similar supply chain e-commerce platforms globally, including some industry giants. This proves the scarcity of the ‘NextSmartShip Solution’," said William Yu, CEO and founder of NextSmartShip.

"We are much grateful to all our partners for their trust and recognition of our services and solution. We hope to provide a much more seamless and comfortable logistics experience for both sellers and their buyers on these e-commerce platforms so that sellers can truly focus on scaling their business through product development and supply chain management, which are their core advantages."

To view more details, please visit: http://www.nextsmartship.com 

About NextSmartShip

NextSmartShip is a tech-centered GLOCAL logistics powerhouse that strives to help DTC brands of different sizes to elevate their e-commerce business into the next big thing.

With a short history from 2019, the company has been helping thousands of global DTC brands to gain exceptional growth via its professional, stable, and affordable fulfillment services. It now delivers over a million packages per year to international destinations.

***

For media inquiries, please contact: Jackie.Jiang@nextsmartship.com  

 

PR Newswire

Enotek Upgrades the Brand with a New Vision to Innovate Smart Logistics for Manufacturing

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SHANGHAI, Jan. 12, 2022 — On January 11, 2022, Eoslift announced to change its corporate branding to Enotek in Shanghai, China. Enotek will help customers build efficient supply chain systems with intelligent products and system solutions, and continue to unleash the business value inherent in smart manufacturing logistics. Eoslift, Enotek’s predecessor, entered the logistics equipment industry in 2008 with presence in Europe and North America, and established a wholly-owned subsidiary in California, U.S.A in 2012. Today, the company is strategically operating across the entire value chain of "equipment + software + systems + platform services". As a forerunner of logistics technology, Enotek strives to leverage its industry expertise to drive the smart upgrading of logistics for the manufacturing industry. 

Smart upgrading of logistics has been an inevitable trend for the manufacturing industry, and embracing a bright prospect. The global automated intralogistics material handling solutions market is set to be valued at US$ 43.83 billion in 2021, with steady long-term projections, according to latest insights by Persistence Market Research. The study estimates that the market will expand at 14% CAGR through 2031. For manufacturers, digital upgrading toward smart manufacturing logistics can help them adopt flexible management. This will be critical in an era of transformation.

According to Andy Jiang, Enotek Chairman and CEO, Enotek, with its new positioning, will focus on the multi-billion-dollar smart manufacturing logistics market and strive to become a leader in innovative technologies for digital and smart logistics. Enotek will focus on its four priorities: "Excellence & Excelsior", "To Envision & Enable", "Innovation", and "Technology". This aligns with its future strategic roadmap.

Innovate first to overcome key technical barriers

Enotek is sparing no effort to innovate using technologies for digital and smart logistics. According to Enotek CTO Wayne Xu, up to 60% of the staff at Enotek are technical personnel, and the company spends 11% of its revenue on R&D. Xu emphasized that Enotek will continuously increase its input in innovation and R&D, to overcome technical barriers in the industry. 

Enotek has continuously upgraded application scenarios since its inception to adapt to the upgrading needs of its customers across different industries. Today, Enotek is able to develop products across the value chain from smart equipment, such as pallet stacking machines and automated guided vehicles (AGVs), to software systems, such as the Warehouse Management System (WMS) and the Warehouse Control System (WCS). Enotek products，such as AS/RS and automated guided vehicles (AGVs) ，have been proven to be cost-effective and reliable in the China market, and these products and relevant experience will continuously benefit the global market. Meanwhile, Enotek is preparing to build a megafactory where robots make robots. It will serve as one of Enotek’s manufacturing bases, to manufacture highly cost-effective products for global customers.

To better meet the needs for logistics upgrading, Enotek is innovating with the aim of helping customers improve efficiency and cut costs. It’s one of the first logistics technology companies in China that is driving the adoption of cutting-edge technologies, such as digital twin, machine vision, and AI algorithms. Digital twin has enabled Enotek to create an accurate representation of logistics processes in the virtual realm, effectively helping customers optimize decision making to improve management effectiveness. Machine vision and AI algorithms allow intralogistics to be better coordinated with production and supply. In addition, Enotek optimizes its technologies and products in a modular manner, to serve customers flexibly with great technical strengths, flexibility and cost-effectiveness.

As a forerunner, Enotek has also achieved much in creating an industry ecosystem. For example, the company entered into a strategic partnership with Siemens on simulated testing systems to explore more application scenarios for technologies and equipment. It is working closely with BYD to help it upgrade across multiple fields, such as digital factory, digital parks, smart logistics, and smart warehousing. And this year, the company officially began to collaborate with Deutsch-Chinesische Institut für angewandte Forschung und Promotion for R&D on multiple dimensions, to upgrade and innovate with digital and smart technologies…. By working with partners across the industry and academics, Enotek is building an open and inclusive ecosystem to overcome the industry’s existing technical barriers and to eventually produce synergies and mutually beneficial results.

Create a global footprint of smart manufacturing logistics on multiple dimensions

Andy Jiang, Enotek Chairman and CEO
Andy Jiang, Enotek Chairman and CEO

As an innovator and forerunner, Enotek introduces an Enotek Model for manufacturers to drive the digital and smart upgrading of logistics. This model is built on Enotek’s rich experience in helping customers upgrade toward smart logistics across multiple industries, such as chemical fiber, glass fiber, e-commerce, retail, household appliance and new energy. Examples include leading companies like Whirlpool, Ford, Tongkun, Xinfengming, and JD.com. The agreement of the Jushi Egypt project reached in 2021 marked a milestone in Enotek China’s overseas business journey.

In fact, the manufacturing industry faces many common pain points in upgrading toward smart logistics. For example, emerging industries cannot copy existing data models, and the accuracy of digital twin is challenging to achieve. The current "one-size-fits-all" upgrading solution cannot meet the non-standard needs of various factories, and the rapid changes in the marketplace raise higher requirements for the flexibility and scalability of smart manufacturing logistics. These serious challenges can be overcome by efficient and customized solutions developed based on the Enotek Model. Enotek will collaborate with overseas partners and use digital and smart technologies to help customers solve real problems. 

The upgrading of corporate branding is based on Enotek’s understanding of market trends as well as its 13+ years of expertise in the industry. Among the solution providers for upgrading toward smart logistics, few can offer both cutting-edge technology and better value for cost. Enotek jumped at this opportunity. Based on its understanding of global markets and its localized strategies, the company is able to better address the real needs of international customers.

Looking forward, Enotek will strive to explore more cutting-edge solutions for innovative application scenarios, to provide an affordable access for manufacturers to upgrade toward smart logistics.

 

PR Newswire

project44 Receives $420 Million Investment led by Thoma Bravo, TPG and Goldman Sachs Valuing Business at $2.2 Billion Pre-Money

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– With $100+ million in ARR, 1,000+ team members, 1,000+ customers, 1+ billion packages tracked annually and the top performer in analyst reports, project44 leads the supply chain visibility market

CHICAGO, Jan. 12, 2022 — project44, the leading supply chain visibility platform, announced today that it received an investment totaling $420 million. A syndicate led by Thoma Bravo, TPG and Goldman Sachs Asset Management ("Goldman Sachs") with participation from Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures acquired equity interests resulting in a pre-money valuation of $2.2 billion, and Sixth Street committed to make available additional funding, in support of the company’s strategic acquisition program and product development activities. When combined with its $202 million equity raise in May of 2021, project44 has set a funding record for Logistics Tech enterprise SaaS companies. These investments position project44 to accelerate its mission to help leading brands optimize the movement of products across supply chains, delivering better resiliency, sustainability and value for their customers.

project44 Receives $420 Million Investment led by Thoma Bravo, TPG and Goldman Sachs Valuing Business at $2.2 Billion Pre-Money
project44 Receives $420 Million Investment led by Thoma Bravo, TPG and Goldman Sachs Valuing Business at $2.2 Billion Pre-Money

"Today, project44 is helping companies solve supply chain challenges ranging from inflationary pressure and lockdowns to unpredictable weather and bottlenecks at ports. Our growth over the past year speaks to these macroeconomic tailwinds and the competitive edge we can provide to our customers," said Jett McCandless, Founder & CEO of project44. "With ongoing support from our investors, we can offer even more value to our customers and solidify our position as the global network that powers the future of the supply chain."

in Supply Chain Visibility

Throughout 2021, project44 cemented its position as the company in supply chain visibility with global port-to-door coverage across all modes of transportation. The company now generates more than $100 million in annual recurring revenue (ARR), the largest generation 2 logistics tech in the world.

The most influential analysts within the logistics industry also rank project44 ahead of its competitors. Placing first in FreightTech 25, Gartner Voice of the Customer and G2 have all awarded project44 their highest honors. In addition, Chicago Inno named project44 among the best 100 places to work in the city.

"Supply chain visibility has become increasingly important as shortages, delays and bottlenecks ramp up.  project44’s potential to solve even the most complex of these issues is unparalleled," said Robert (Tre) Sayle, Partner at Thoma Bravo. "By continuously evolving to meet customer needs, project44 has developed a revolutionary platform that adds significant value to the entire global supply chain."

"project44 has been scaling at an impressive pace, executing decisively on its vision of a global end-to-end supply chain visibility platform. Supply chain visibility has become a critical technology to solving large-scale problems in the world today, and project44 has emerged as the global market leader," said Malte Janzarik, Partner at TPG based in Europe. "The breadth of data project44 offers and ease of access for shippers, logistics providers and carriers are unmatched. We believe that project44’s next-gen platform and highly valuable network will continue to drive tremendous growth."

TPG is investing in project44 out of TPG Tech Adjacencies (TTAD), an investment vehicle focused on flexible capital solutions for the technology industry.

Meeting a Critical Need for Global Businesses

As the supply chain connective tissue, project44 offers the largest carrier network of any supply chain visibility provider with more than 142,732 multimodal carrier integrations and 2.7 million trucks.  Shippers and logistics providers depend on project44 to help them navigate today’s increasingly complex supply chains, improving their sustainability, building transportation resiliency and meeting the evolving demands of their customers.  project44 supports more than 1,000 organizations across industries including leading brands such as Amazon, Baker Hughes, Coop, CNHI, Danone, Dollar General, FedEx, General Mills, Goodyear, Kuehne & Nagel, Lenovo, McKesson, Mondelez, Nestle, The Home Depot and Unilever.

Record-Shattering Growth

project44’s momentum speaks to its differentiation and immense lead in the supply chain visibility space. Following an exceptional Q3 2021, project44 has landed $12.7 million of newly booked annual recurring revenue (ARR) in Q4. The company has closed 117 logos over that timeframe, contributing to YoY bookings increase of 170% and YoY logo growth of 216%. 

In addition to new business wins, net retention for 2021 is at 133%, while annualized gross retention was 96%. project44’s ARR has reached over $100 million with a subscription gross margin of 70%, which is up 3% year-over-year. To build on this success, project44 will be nearly doubling its investment in product and engineering in 2022 to deliver improved real-time visibility across more modes of transportation in more regions.

Expanding International Team

project44 continues to expand its international footprint, offering supply chain visibility in 166 countries. More than 1,000 team members work with project44 at its 17 global offices. Over the coming year the company plans to hire hundreds of new talented team members in China, Europe, Latin America, North America, and Japan.

project44 also hired its first director of diversity, equity, inclusion & culture executive, Ivana Savic-Grubisich. The company is committed to hiring team members who reflect the rich diversity of the communities in which it operates.

Executive Hires

In 2021, project44 added five new executives to the team to manage its growing footprint. Charlie Ungashick joined as Chief Marketing Officer in February and Diane Gordon joined as SVP, Global Customer Success in March. In November, Elliot Rodgers joined as Chief People Officer, Jennifer Coyne was appointed General Counsel and Andy Grygiel returned as Chief Brand Officer. These experienced executives bring unique insight to accelerate project44’s growth.

Massive Gains Through M&A 

Throughout 2021, project44 increased its value to shippers and logistics providers through acquisitions of leading companies in the market offering complementary solutions. The September acquisition of Convey has enabled project44 to extend real-time visibility and exception management to last-mile, including parcel, courier, white-glove doorstep delivery, and visibility into item returns.  Ocean Insights, acquired in March, brought much-demanded visibility into cargo at sea. ClearMetal, acquired in May, established project44 as the leader in artificial intelligence and machine learning with automation that reduces costs throughout the supply chain.

What Our Customers Say

"project44 has enabled us to meet our commitment to customers in a year of unpredictability," said Pat Kenefick, Vice President, Global Distribution and Logistics at AbbVie. "With awareness of where our goods are located, we can adapt to interruptions and make proactive decisions to ensure that our distributors are stocked with inventory. Supply chain visibility is a game changer for our ability to drive growth and enhance patient experiences in a challenging economic environment."

"HARIBO is committed to delivering our beloved products on time and at the high level of quality our brand is known for. This is a core piece of what has allowed us to become a successful business. We benefit from being a global company with a decentralized manufacturing structure. A perfectly coordinated global supply chain is essential for us and that is why we continuously invest in it. We chose to work with project44, the leader in real-time transportation visibility," said Stefan Sorce, Head of global logistics and managing director in the Haribo Logistics Company, at Haribo. "These insights will help us increase the resiliency of our supply chain and enable faster and smarter decisions that will get Haribo’s products into the hands of our customers."

"The ongoing events of the last two years have placed unprecedented strain on the supply chains of consumer products manufacturers, and this has only served to highlight the critical need to mitigate risk and increase supply chain resilience," said Alessandro Bonanno, Head of Global Logistics and Customer Service at Beiersdorf AG. "Partnering with project44 will provide Beiersdorf with improved visibility into our transportation flows and shipments, which will help us cope better with any future supply chain disruptions and fulfill consumer demand."

"Our team brought on project44 because of its global visibility into import and export arrival and departures," said Hiroshi Etani, Managing Executive Officer, at Yamato Transport Co., Ltd., Japan’s largest delivery company, "The broad network of multimodal transportation tracking brings more predictability to our business and helps us better communicate with our customers."

About project44

project44 is the world’s leading advanced visibility platform for shippers and logistics service providers as defined by number of happy customers, number of carriers, number of customers, ARR, net retention, shipments per day, growth rate and gross margin. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance and deliver an exceptional experience to their customers. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Air, Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Groupage, Truckload, Rail, Intermodal and Ocean. In 2021, project44 was named a Leader among Real-Time Transportation Visibility Providers in Gartner’s Magic Quadrant. To learn more, visit www.project44.com.

Contact
project44@nextpr.com

 

PR Newswire

HHI Group and ABS to collaborate on real-life trials of autonomous ship technologies

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LAS VEGAS, Jan. 9, 2022 — Avikus, Hyundai Heavy Industries (HHI) Group’s subsidiary specializing in autonomous navigation technologies for ships, partners with the American Bureau of Shipping (ABS) to collaborate on real-life trials of autonomous ship technologies.

Avikus, HHI Group’s subsidiary specializing in autonomous navigation technologies for ships, signed an MOU with ABS in Las Vegas to obtain the Approval in Principle (AIP) for the implementation of autonomous ship technologies and collaborate on real-life trials of autonomous ship technologies. (From left: WonHo Joo, CTO of HHI; Kisun Chung, CEO of HHI Holdings; Sungjoon Kim, Head of KSOE's Advanced Research Center; Patrick Ryan, CTO of ABS; John McDonald, Executive Vice President of ABS; and Do-hyeong Lim, CEO of Avikus)
Avikus, HHI Group’s subsidiary specializing in autonomous navigation technologies for ships, signed an MOU with ABS in Las Vegas to obtain the Approval in Principle (AIP) for the implementation of autonomous ship technologies and collaborate on real-life trials of autonomous ship technologies. (From left: WonHo Joo, CTO of HHI; Kisun Chung, CEO of HHI Holdings; Sungjoon Kim, Head of KSOE’s Advanced Research Center; Patrick Ryan, CTO of ABS; John McDonald, Executive Vice President of ABS; and Do-hyeong Lim, CEO of Avikus)

Avikus announced on January 9, 2022, in Las Vegas, where the world’s biggest tech show CES 2022 is taking place that it signed a memorandum of understanding (MOU) with ABS to obtain the Approval in Principle (AIP) for the implementation of autonomous ship technologies.

Kisun Chung, President and CEO of Hyundai Heavy Industries Holdings and Korea Shipbuilding & Offshore Engineering (KSOE), Do-hyeong Lim, CEO of Avikus, and John McDonald is Executive Vice President and Chief Operating Officer (COO) of ABS, attended the signing ceremony.

As a member of the International Association of Classification Societies (IACS), ABS is a maritime classification society that identifies technological suitability and selects the relevant criteria for cutting-edge maritime technology and offshore structures while promoting stable maritime industry development.

With the MOU signed, Avikus starts stage-by-stage demonstration tests for its various solutions including Hyundai Intelligent Navigation Assistant System (HiNAS): Hyundai Intelligence Berthing Assistance System (HiBAS): and Hyundai Intelligent Navigation Assistant System 2.0 (HiNAS2.0), in compliance with the ABS Guide for Autonomous and Remote Control Functions published in July 2021.

Through the tests, Avikus will be capable of obtaining each certificates by stage for its autonomous vessel technologies, while ABS will review the design, regulate testing procedures and verify the implementation for each stage based on the actual operation data of Avikus. From trials of the autonomous technologies in real-life conditions, the joint efforts from the two companies will be an important step in making maritime autonomous operations a practical reality. Lessons learnt from this collaboration will also contribute to the development and improvement of standards and regulations for autonomous technology and operations.

After the successful demonstration of the full autonomous cruising as the first in Korea in June 2021, Avikus plans to jointly demonstrate the autonomous shipping technology with ABS for a transoceanic voyage of a large-scale commercial vessel which is currently under development.

According to Acute Market Reports, a global market research firm, the autonomous vessel and related material and equipment markets are expected to grow by 12.6% annually and reach USD 235.7 billion in its market size by 2028.

"The agreement with ABS holds a great significance as it promotes the technology standardization through the stage-by-stage certification of Avikus’ proprietary technologies. With these commitments, we will contribute to expanding the autonomous vessel market and proactively preoccupy the related markets," Avikus CEO Lim said.

"Autonomous vessels will have a significant role to play in the future of maritime transportation but they will need to be at least as safe as existing vessels. It will take extensive research and development activity, teamwork and sharing of expertise among the leading maritime players to get us there. That’s why this agreement is a game changer, as it unites ABS’ insight with HHI’s expertise to develop practical applications of the technology,"said John McDonald, ABS Executive Vice President and Chief Operating Officer.

Avikus introduced a leisure boat equipped with the full autonomous navigation technology at CES 2022 and presented a future vision of the maritime mobility sector centering on autonomous vessel technology through simulated navigation applying the virtual reality technology.