SYDNEY, Nov. 13, 2024 /PRNewswire/ — Lake Resources N.L. (ASX:LKE; OTC:LLKKF) (Lake or the Company) is pleased to announce that a wholly-owned subsidiary of Lake has entered into an asset sale agreement with Austroid Corporation for the sale of three of its non-core lithium brine assets in Argentina for $9 million USD (approximately $13.6 million AUD) (Transaction).

The non-core assets included in the Transaction are lithium brine tenements and related assets located in Jujuy Province, Argentina; namely Paso de Jama, Olaroz, and Cauchari.

The Transaction will provide Lake with additional, non-dilutive liquidity and the funds will be used to support the Company’s financial runway to continue its focus on progressing its flagship asset, the Kachi Project (Kachi or the Project).

"Given that Kachi is a premier tier-one asset with a total resource estimate exceeding 10.6 million tonnes of lithium carbonate equivalent (see ASX Announcement on 22 November 2023) and strong economics, the Company has decided to focus all of its resources on the Project," Lake CEO David Dickson said.

"We have more than enough brine at Kachi for a 25-year project with potential for expansion."

Mr Dickson said that Lake conducted a competitive process to maximize value and the USD $9 million was an excellent result for shareholders. The sale reflects Lake’s commitment to maintaining a focused and efficient portfolio.

The Transaction also further positions Lake to advance Kachi and benefit from an evolving lithium market landscape – especially in light of recent industry developments.

"Lake remains focused on securing high value strategic partnerships and offtake agreements to bolster Kachi’s development," Mr Dickson said.

On the Financial Runway:

Mr Dickson said that Lake had no debt or other major capital commitments and had aggressively right sized the business for the current lithium commodity price environment. With cash on hand as at 30 September 2024 (approximately $17.5 million AUD, see ASX Announcement on 30 October 2024) and the expected proceeds from the Transaction, the Company’s pro-forma cash position is approximately $31.1 million AUD. With additional capital raising capacity available to the Company, Lake is well positioned with strong financial liquidity into 2026.

Approval by the shareholders of the additional placement capacity under ASX Listing Rule 7.1A as requested by the Company at the upcoming Annual General Meeting would also further enhance the Company’s liquidity position.

On the Sector Landscape:

"The increasing interest in lithium plays from global investors across the United States, Europe, China, the Middle East and India, including major mining and energy players, underscores the strategic value of Argentinian lithium assets driven by improved investing conditions in Argentina following passage of the Promotional Regime for Large Investment (The Régimen de Incentivo para Grandes Inversiones, otherwise known as RIGI). Rio Tinto’s acquisition of Arcadium reflects this sentiment," Mr Dickson said.

The Kachi Project, located in the Catamarca Province, stands out as one of the largest Direct Lithium Extraction (DLE) brine resources in Argentina.

Rio Tinto’s commentary on DLE technology’s efficiency, scalability, and sustainability aligns with Kachi’s value proposition.

"Our testing demonstrates significantly higher lithium recovery rates with markedly improved environmental benefits through lower water and land usage and reduced waste compared to alternative lithium extraction methods," Mr Dickson said.

Closing of the Transaction:

Closing of the Transaction and receipt of proceeds are subject to customary closing conditions and are expected to occur by the end of 2024.

Lake will discuss the Transaction as well as impact to its liquidity at the Annual General Meeting scheduled for 21 November 2024 at 9:00am Brisbane time (10:00am AEDT).

For investor queries, please contact:

[email protected] or log onto Investor Hub through Lake’s public website

For media queries, please contact:

Nigel Kassulke at Teneo
M: +61407904874
E: [email protected]

About Lake Resources N.L. (ASX:LKE OTC:LLKKF)

Lake Resources N.L. (ASX:LKE; OTC:LLKKF) is a responsible lithium developer utilising state of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina. Lake also has three additional early-stage projects in this region.

This ion exchange extraction technology delivers a solution for two rising demands – high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits.

Forward Looking Statements:

Certain statements contained in this announcement, including information as to the future financial performance of the projects and the Company, are forward-looking statements. Such forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Lake Resources N.L. are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results, expressed or implied, reflected in such forward-looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of production and prices, operating costs and results, capital expenditures, reserves and resources and anticipated flow rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions and affected by the risk of further changes in government regulations, policies or legislation and that further funding may be required, but unavailable, for the ongoing development of Lake’s projects. Lake Resources N.L. disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. All forward-looking statements made in this announcement are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Lake does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Source : Lake Resources further strengthens financial position with sale of non-core assets

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CHICAGO, Nov. 13, 2024 /PRNewswire/ — Ocean Tomo Transactions, a part of J.S. Held, announces the sale of the world’s strongest perovskite quantum dot intellectual property portfolio and related know-how and manufacturing assets by Swiss-based technology company Avantama AG. Avantama is a leader in high-tech materials for electronics with innovations used in optical and electronic coatings.

IP for sale protecting key materials for perovskite PV & SWIR sensors and LCD, QD-OLED, QD-microLED & QD-EL displays.

Avantama has developed a global patent portfolio of more than 220 assets covering innovations, including processes, compositions, formulations, films, and devices for the commercialization of semiconductor nanoparticle and quantum dot inks and films, essential for perovskite solar cells, SWIR sensors and LCD, QD-OLED, QD-microLED, and QD-EL displays.

The company has demonstrated the commercialization potential of these technologies with proven and established multi-ton scale production capacities in Switzerland. Avantama’s materials have enabled a world-record power efficiency of 25% in perovskite PV cells and leading QD-EL display demonstrators. The company has been an audited materials supplier for electronics since 2016.

Avantama’s technologies are essential to achieve commercialization in perovskite solar cells leveraging semiconductor nanoparticle ETL and HTL inks, as well as next-generation displays leveraging perovskite quantum dot inks and films. The company’s nanoparticle formulations are routinely used in the development of solution-processed perovskite solar cells, organic solar cells, SWIR detectors and QD-EL displays. Their cadmium-free quantum dots are rapidly redefining the display market with an industry-leading optical performance and unmatched Rec.2020 coverage.

Avantama’s nanoparticle formulations are highly customizable offering unparalleled material flexibility, finely tuned nanoparticle sizes, particle functionalizations and coating formulations for various coating and printing processes. More than a decade of specialization in nanoparticle and formulation engineering confirm the team’s ability to repeatably generate customized nanoparticles and formulations at multi-ton scale. This valuable technological know-how is also on offer with the offering.

Ocean Tomo, a part of J.S. Held, is representing Avantama in this asset transaction. Inquiries related to the transaction or to receive sample materials should be directed to Christopher Bruce at [email protected].

About Ocean Tomo Transactions, a part of J.S. Held

Ocean Tomo Transactions, a part of J.S. Held, works closely with intellectual property owners and corporations seeking to monetize high-value IP-driven businesses, IP portfolios, or proprietary technology solutions. The team has closed transactions totaling more than $1 Billion in IP value realization and has advised on IP engagements totaling over $10 Billion.

As a part of J.S. Held, Ocean Tomo Transactions works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors.

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

J.S. Held professionals serve organizations across six continents, including 81% of the Global 200 Law Firms, 70% of the Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property & Casualty Insurers), and 65% of the Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held, its affiliates and subsidiaries are not law firms and do not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Media Contact

Kristi L. Stathis, J.S. Held, +1 773 294 4360, [email protected], JSHeld.com

Source : World's Strongest Perovskite Quantum Dot IP Portfolio on sale

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DOHA, Qatar, Nov. 13, 2024 /PRNewswire/ — The 10th edition of the Aspire Academy Global Summit concluded in Qatar, bringing together leaders from 50 top football organisations worldwide.

Global Summit attendees had a unique Inland Sea experience witnessing Qatari sunset

Over two days, the summit provided a platform for exchanging groundbreaking insights on sports science, coaching techniques, and performance, with a key focus on inspiring the next generation of sporting stars.

Powerful Setting for Global Collaboration
The summit’s first day concluded with a gala dinner for guests, the evening’s highlight was a Star Chat with Italian basketball coach Sergio Scariolo, current head coach of the Spanish national basketball team. During his talk, Scariolo shared valuable coaching techniques and emphasized the importance of continual learning and building strong connections with players.

Earlier in the day the delegates had heard from Ajax Amsterdam’s Italian coach Francesco Farioli, who is also a former coach at Aspire Academy as well as French coaches Rudi Garcia and Christophe Galtier.

Reflections on Evolution in Football
Former Argentina striker Gabriel Batistuta was unable to address the summit due to unforeseen circumstances, but the event continued with a series of engaging activities.

A key session focused on the evolution of football tactics over the past decade. Gerrard Trives Guardiola from Barcelona’s Methodology Department discussed how the club’s playing style has adapted after the departures of legends like Lionel Messi and Neymar. He stressed the importance of allowing young players to express themselves.

Jose Tavares, Academy Director at Porto FC, emphasized the need to anticipate future football trends to implement changes early and highlighted the significance of emotional moments in a player’s journey as motivation.

The Future of Football Performance

Darragh Connolly, Head of Academy Performance at Juventus, highlighted the need for proper preparation of young players as academies expand. He noted that a football club’s entire structure must align to equip players for professional challenges.

Rick Cost, Director of High Performance at US Soccer, discussed the rapid rise of Artificial Intelligence and its potential to enhance coaching and performance analysis while leveraging AI wisely.

The summit featured a special appearance by Aspire Academy graduate and four-time Olympic high jump medallist Mutaz Barshim.

Valter and the Aspire Fellows: Looking Ahead to the Next Edition

Professor Valter Di Salvo, Executive Director of the 2024 Aspire Global Summit thanked the delegates, and he is looking forward to hosting the 11th edition of the Summit.

Ajax coach Francesco Farioli receives award from Aspire Academy’s Director General Ivan Bravo

Source : World's Top Football Clubs Conclude Aspire Academy's 10th Global Summit Under Qatar's Desert Stars

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SHANGHAI, Nov. 13, 2024 /PRNewswire/ — XChange TEC.INC (NASDAQ: XHG) (the "Company"), today announced that it has received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") dated November 8, 2024 stating that the Company is not in compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5550(a)(2) (the "Bid Price Rule") for continued listing on The Nasdaq Capital Market.

Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based upon the closing bid price of the Company’s American Depositary Shares ("ADSs") for the last 30 consecutive business days, the Company no longer meets this requirement. Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Bid Price Rule. However, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Rule 5810(c)(3)(A) due to the fact that the Company effected one or more reverse stock splits over the prior two-year period with a cumulative ratio of 250 shares or more to one. Accordingly, unless the Company requests a hearing before a Hearings Panel (the "Panel"), trading of the Company’s ADSs will be suspended. Accordingly, the Company intends to timely request a hearing before the Panel and such request will automatically stay any suspension or delisting action pending the Panel’s decision of the hearing. There can be no assurance as to the decision of the Panel.

About XChange TEC.INC

XChange TEC.INC, through its subsidiaries and consolidated variable interest entities, operates insurance agency and insurance technology business. The insurance agency is PRC-licensed and operates nationwide in the PRC with a wide range of insurance products underwritten by major insurance companies, including industry leading and/or state-owned property and casualty insurance companies as well as certain regional property and casualty insurance companies in the PRC. The insurance technology business is focused on operating and developing insurance technology in the PRC, including developing SaaS platform to connect consumers and underwriting support.

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. These statements include, among others, statements regarding the Company’s plans to regain compliance with Nasdaq Rules for continued listing. The Company’s actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the U.S. Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, 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.

Source : XChange TEC.INC RECEIVES NASDAQ MINIMUM BID PRICE DEFICIENCY NOTICE

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HONG KONG, Nov. 13, 2024 /PRNewswire/ — A SPAC III Acquisition Corp. (the "Company"), a blank check company incorporated as a British Virgin Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its previously announced initial public offering of 5,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right. Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Company’s initial business combination. The units began trading on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "ASPCU" on November 8, 2024. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights will be traded on Nasdaq under the symbols "ASPC" and "ASPCR," respectively.

Maxim Group LLC acted as the sole book-running manager for the offering.

The Company has granted the underwriter a 45-day option to purchase up to 825,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments, if any.

A registration statement on Form S-1 (File No. 333-282428) (the "Registration Statement") relating to the securities to be sold in the initial public offering, as amended, was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on November 8, 2024. The offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at [email protected], or by accessing the SEC’s website, www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these 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 any such state or jurisdiction.

About A SPAC III Acquisition Corp. 

A SPAC III Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. A SPAC III Acquisition Corp. intends to focus on businesses in the Environmental, Sustainability and Governance (ESG) and material technology sectors.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds and search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated.  Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Source : A SPAC III Acquisition Corp. Announces Closing of $55 Million Initial Public Offering

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TAIPEI, Nov. 13, 2024 /PRNewswire/ — Innovative Cultivation to Dominate the Raw Materials Market

Cordyceps Sunshine Biotech Holdings Co., Ltd. 【C.S】Group has made a breakthrough by cultivating Taiwanofungus using innovative ceramic carriers, overcoming the industry-wide challenge of sourcing the rare Cinnamomum kanehirae Hayata tree. According to Vincent Liu, Director of 【C.S】Group, establishing Taiwanofungus as a premium brand requires control over the mushroom’s genetic strains, cultivation facilities, brand channels, and international expansion. The market demand for Taiwanofungus raw materials has increased significantly, particularly in the health-conscious era accelerated by the COVID-19 pandemic.

Following the acquisition of patents for "Cultivation Methods and Porous Carriers for Taiwanofungus" in Taiwan, China, and Japan, 【C.S】Group has achieved large-scale production. The company’s technology has been officially designated in the Chinese government’s "Taiwanofungus Production Technical Specifications" group standards announced on April 1, 2022, positioning 【C.S】Group as a leader in setting cultivation standards for Taiwanofungus across Greater China. The goal of becoming the largest supplier of Taiwanofungus raw materials is now within reach.

Establishing the Leading Taiwanofungus Franchise: Leveraging Capital to Amplify Industry Growth

Dalan Huang, CEO of 【C.S】Group, announced a strategic partnership with Guangzhou Baoquan Agricultural Biotechnology, the company’s Greater China agent, leading to the establishment of the first large-scale Taiwanofungus cultivation base in China and marking the official entry into the Chinese market. In 2023, 【C.S】Group launched Taiwan’s largest Taiwanofungus retail chain, setting up stores in key locations such as Taipei’s Dihua Street, the bustling East District, and Kaohsiung’s Sanfeng Central Street. The stores, branded as KASAER Taiwanofungus Specialty, offer a variety of Taiwanofungus health products, including unique items like Taiwanofungus dark chocolate and a blend of Taiwanofungus and agarwood. Recently, we collaborated with the champion chef of the 2023 Taipei International Beef Noodle Festival to launch a special beef noodle soup featuring Taiwanofungus. This year, we entered the competition with the Taiwanofungus beef noodle soup and won the championship. 【C.S】Group will continue to enhance customer loyalty and brand exposure, adding more creative marketing initiatives!

On July 9, 2024, 【C.S】Group entered a strategic partnership with Yue Hwa Chinese Products Emporium Limited, a renowned Hong Kong-based department store chain. A full range of Taiwanofungus products will be distributed through Yue Hwa’s retail channels in Hong Kong and Singapore, bringing this precious fungus to a broader audience. In the second half of 2024, we will officially set up counters in Taiwan’s department stores, starting with Taipei’s SOGO Tianmu Store and the Far Eastern Mall, along with expanding our flagship store in Taichung. By the end of the year, we plan to continue expanding in Taiwan’s six major cities, opening more than ten directly operated stores.

Over the next 12 to 18 months, 【C.S】Group will gradually recognize revenue from Taiwanofungus raw material supply and chain store sales, entering a period of exponential growth. This will create greater profitability for shareholders and support future stock value.

(Left) Taipei SOGO Tianmu Store Counter; (Right) Taipei Far Eastern Mall Counter

The Path Forward

"The journey of every company includes overcoming challenges," says CEO Dalan Huang. "The key is resilience and adaptability. When a company’s technology effectively addresses market needs, it drives performance, which in turn reflects in stock value. Now is a pivotal moment for 【C.S】Group to showcase its achievements—advancing technical upgrades and scaling production in the Taiwanofungus industry. By leveraging capital, we aim to enhance commercialization, broaden market influence, and drive steady market expansion."

Source : 【C.S】Cordyceps Sunshine Biotech Group Sets Sights on Becoming the Largest Supplier of Taiwanofungus Raw Materials and Franchise Chain in the Asia-Pacific Market Within Three Years

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WINAICO’s initial actions to adhere to EU human rights protections

HSINCHU, Nov. 13, 2024 /PRNewswire/ — Formally adopted by the European Council at the end of July 2024, the Corporate Sustainability Due Diligence Directive (CSDDD) motivates businesses and supply chains to take a more constructive approach on issues of human rights and the environment. Therefore, as the initial phase of the human rights construction, WIN WIN Precision Technology Co., Ltd., which has been fostering the renewable energy market in Europe for over 16 years, deployed ahead of schedule in 2023 and formally obtained the SA8000 international standard for social responsibility in early November 2024.

With SA8000 Certification, WIN WIN Company and its solar brand WINAICO Support Human Rights in 9 elements.

Human rights concerns rank as the next priority for sustainable development goals, behind climate change and the shift to a low-carbon economy. A safe workspace, equitable employment terms, and opportunities for professional growth are considered as indicators of labor rights. Employees in certain nations or businesses are allegedly asked to put in extra hours, as well as have their salaries and property withheld, which are all counterexamples of human rights.

As a multinational enterprise that specializes in both new energy and semiconductors, WIN began by manufacturing essential equipment components, then expanding into branding of solar modules. According to Mr. Szu-Ming Chen, CEO of WIN, says that the company keeps abreast of trends in the EU market since approximately 80% of solar products are shipped to European nations, and the achievement of the SA8000 accreditation can be seen as a good example of corporate social responsibility.

SA8000 (Social Accountability) measures the effectiveness of human rights in 9 elements: child labor, forced or compulsory labor, health and safety, free association and collective bargaining, discrimination, disciplinary practices, working hours, remuneration, and management system. Meanwhile, the "Zero Placement Fee" is applied, meaning that all employees, particularly migrant workers, would not be required to pay for expenses like healthcare, visas, and airline tickets when being recruited.

Companies that have earned the SA8000 social responsibility certification include theme parks, sportswear brands, and tech companies; WIN is considered a pioneer in the energy sector. "Human rights have always been a core value in Europe, and the SA8000 certification would make our clients’ and partners’ willingness to partner with us." stated Marc Ortmanns, Head of Germany. As noted by Australia’s managing director, Blair Pester, "WIANICO is a prominent business and one of the few energy brands to have earned the SA8000 certification, which ensures the quality of the goods and human rights."

For more information on WINAICO’s certified practices and product offerings, please visit https://winaico.com/

About WIN

WIN WIN Precision Technology Co.,Ltd., a company founded in 2003, emphasizes both on semiconductors and new energy. The Semiconductor BU, which specializes in developing and producing key equipment components, has been regarded by international foundries as the premier supplier. Under the solar branding WINAICO, the New Energy BU has installed more than 200,000 rooftop modules across 29 countries.

Source : With SA8000 Certification, WIN WIN Company and its solar brand WINAICO Support Human Rights in 9 elements.

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AKSU, China, Nov. 13, 2024 /PRNewswire/ — State Grid Aksu Power Supply Company has ushered in a new era for regional water resources management by seamlessly integrating data from the Aksu Water Authority into its energy big data center via a dedicated line on November 11. The milestone marks a crucial step towards intelligent and refined water management for the area.

In Aksu, where agriculture serves as the backbone of the local economy, the challenges of water management are compounded by outdated metering systems and poor data quality. In response, State Grid Aksu Power Supply Company has tapped into its extensive electricity consumption data, joining forces with the Aksu Water Authority to develop an innovative water management model that estimates water usage directly from electricity consumption patterns.

The initiative provides a cost-effective solution for irrigation wells, bypassing the high costs and maintenance demands of traditional water metering facilities. The partnership has yielded a comprehensive dual-database system that refines the conversion coefficients between electricity and water, facilitating a more precise approach to water metering. The method not only reduces operational costs but also equips the Water Authority with more robust and detailed data for decision-making.

As it looks to the future, State Grid Aksu Power Supply Company plans to refine these conversion metrics further, expand metering coverage, and enhance its models for estimating water use, ensuring the sustainability of both water resources and the regional ecosystem.

Source : State Grid Aksu Power Supply Company Leads New Transformation in Regional Water Resources Management

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