SEOUL, South Korea, Dec. 11, 2023 /PRNewswire/ — CLASS101 (CEO Daisun Kong), South Korea’s top online learning platform, today announced that it has entered into an industry-pioneering partnership with MarqVision. In joining forces with MarqVision, the world’s first AI-powered Growth Protection Platform, CLASS101 aims to safeguard the creative rights of its creators with cutting-edge technologies, thus ensuring that they can focus on producing their content without fearing misappropriation.

[CLASS101 & MARQVISION logo image]

After consolidating its Korean, Japanese, and English subscription services into a globally integrated product in December 2022, CLASS101 has evolved into a place where tens of thousands of learners and creators from around the world interact every day. Naturally, the company became keenly aware of the need to protect the knowledge, techniques, and know-how of its creators in all forms and manners. To this end, MarqVision proved to be just the perfect partner.

Via the newly-forged partnership, CLASS101 has begun leveraging MarqVision’s MARQ Content and MARQ Commerce services. The former automatically detects and removes any instances of copyright infringement. The latter keeps a vigilant eye on social media and e-commerce platforms and roots out unauthorized sales and/or distribution of the intellectual property of CLASS101’s creators. Thanks to MarqVision’s state-of-the-art AI technologies, CLASS101 enjoys the capacity to respond to acts of copyright violation in real time. The intellectual property and creative rights of CLASS101’s creators have never been in safer hands.

CLASS101’s vast library of offerings boasts over 5,000 classes across diverse categories such as arts, crafts, fitness, cooking, languages, technology, career hacks, child education, and wealth management. The collaboration with MarqVision underscores the company’s unwavering dedication to safeguarding the inherent value of the proprietary knowledge shared by its creators through their classes. This partnership is, in turn, a tangible demonstration of CLASS101’s commitment to fostering long-term trust with its creators.

"CLASS101 sought a secure and efficient means to protect the intellectual property of its creators, and our partnership with MarqVision provides us with a distinct advantage in this respect," stated Hyeonseo Ku, General Manager at CLASS101. "We are committed to creating an environment where not only the proprietary knowledge of our creators is kept safe but also where learners enrich their lives by discovering and learning what they truly love on CLASS101."

The announcement of the partnership with MarqVision arrives on the heels of a Series B bridge investment that CLASS101 successfully secured in the amount of USD 12.2 million (KRW 16 billion). The latest funding was led by such prominent global VCs as Goodwater Capital and SoftBank Ventures Asia. The proceeds will be used to develop new tools, features, and services for creators and learners alike that would further distinguish CLASS101 from its competitors and boast its position as a market leader in the e-learning industry in South Korea and beyond.

For more information on CLASS101, visit https://class101.net/en

Source : CLASS101 Joins Forces with MarqVision in a Pioneering Partnership to Safeguard the Intellectual Property of Its Creators

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

CISION PR Newswire

Dec 11, 2023

Hollysys Board has unanimously approved Ascendent’s all cash offer at 42% premium to the unaffected price as of 23 August 2023 Agreement marks culmination of formal sale process conducted by Special Committee of independent directors

BEIJING, Dec. 11, 2023 /PRNewswire/ — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has reached an agreement to be acquired by Ascendent Capital Partners ("Ascendent"), an international private investment firm headquartered in Hong Kong. The acquisition, which concludes a months-long sale process, will be completed through an all-cash transaction valued at approximately US$1.66bn.

According to the terms of the agreement, Ascendent will acquire all outstanding shares of Hollysys that it does not currently own for US$26.50 per share in cash. This price represents a premium of 42% to the unaffected price of US$18.66 as of August 23, 2023. The Board of Directors of Hollysys (the "Board"), upon the unanimous recommendation of the Special Committee of independent directors, has given its unanimous approval for the transaction.

Today’s agreement enables Hollysys’ shareholders to realize substantial cash value at a significant premium to the Company’s recent trading price. Additionally, the ability of Ascendent to secure reputable funding sources and execute the transaction expeditiously further enhances the attractiveness of the deal.

This agreement marks the successful culmination of a formal sale process that was part of a review of various strategic options to maximize value for shareholders, including continued execution of the current strategic plan. A sale was determined to provide maximum value discovery to realize the highest value for shareholders.

The Board formed the Special Committee of independent directors on October 2, 2023 to run the sale process with the assistance of external advisors. Throughout the process, the Special Committee engaged in extensive discussions with multiple credible offerors who expressed interest in acquiring the Company and a number of buyers participated in such sale process.

Certain transaction details

The deal will be subject to shareholder approval by the Company and certain closing conditions, including customary regulatory approval.

Advisors

Deutsche Bank AG, Davis Polk & Wardwell, Mourant Ozannes (Hong Kong) LLP, and Haiwen & Partners are serving as advisors to Hollysys. Ascendent is advised by Morrison & Foerster LLP, Appleby and Zhong Lun Law Firm.

About Hollysys Automation Technologies Ltd.

Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. As of June 30, 2023, Hollysys had cumulatively carried out more than 45,000 projects for approximately 23,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.

About Ascendent Capital Partners

Ascendent Capital Partners, headquartered in Hong Kong, is a private equity investment management firm managing assets for global institutional investors, including sovereign wealth funds, endowments, pensions and foundations.

Ascendent has successfully led and executed a large number of innovative and ground-breaking private equity investments, generating strong risk-adjusted returns for investors and business growth for our portfolio companies. Ascendent has established a consistent track record in providing advice and solution capital to entrepreneurs, business owners and management teams, building long-lasting relationships through in-depth collaboration. For additional information about Ascendent, please visit Ascendent’s website at www.ascendentcp.com.

Safe Harbor Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company; growth in financial and operational performance of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident," or similar expressions involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact Information

Company Contact:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+8610-5898-1386
[email protected]

Media Contacts (Hong Kong and New York):
Brunswick Group
[email protected]

Daniel Del Re (Hong Kong)
[email protected]
+852 9255 5136

Libby Lloyd (New York)
[email protected]
+1 347 283 3871

Source : Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

The Vietnam’s rice industry – a journey of sustainable development

Corporate News Media OutReach

Dec 11, 2023

The Vietnam’s rice industry – a journey of sustainable development

HANOI, VIETNAM – Media OutReach Newswire – 11 December 2023 – Through chapters of development, the rice production and export of Vietnam have made great breakthroughs. While facing fluctuations in the worldwide market, as well as significant climate change, Vietnam’s rice industry has been transforming in both production and export, with the aim of quality improvement and sustainable development, contributing to global food security and emission reduction.

*Vietnam has achieved many great achievements in rice production, making an important contribution to ensuring national and world food security. Photo: TL.*

The rice industry is crucial for Vietnam’s development, and helps provide livelihoods for dozen millions Vietnamese farmers.

Overcoming challenges from the past, Vietnam is one of the largest rice exporting countries with continuously increasing export turnover in the global markets, ranging from Europe, America to Africa and Asia. Vietnam’s rice export turnover has increased from US$ 2.63 billion in 2020 to US$ 2.88 billion in 2021 and reached US$ 3.5 billion in 2022.

It is estimated that Vietnam will export approximately 8 million tons of rice, with a value of US$ 4.6 billion in 2023. In the context of natural disasters, disruption of global value chains and the threat of global food crisis, Vietnam continues to export rice, to be a reliable supplier, hence contributing to global food security.

The quality of Vietnamese rice has improved significantly, raising its reputation in important markets in the world. In 2023, the ST25 fragrant rice variety of Viet Nam won the World’s Best Rice 2023 award at the International Rice Summit 2023, held in the Philippines from November 27 to December 1.

Vietnam has promoted proper research and application of rice farming and processing technologies to create the best rice quality while, taking into account environmental protection and sustainable development. This helps to bring about the trust of consumers, even in the high-end markets in the quality, safety and reliability of Vietnamese rice suppliers.

Sustainable development

Based on past achievements and the commitments in COP26, Vietnam promotes the rice industry towards high quality and low carbon emission.

On May 28, 2020, the Prime Minister of Vietnam issued the Decision No. 703/QD-TTg regarding the R&D programme to serve agricultural restructuring for the period 2021-2030. According to the Decision, the Ministry of Agriculture and Rural Development has coordinated with the local authorities to develop plans for paddy production and paddy land conversion, to adapt to climate change and increase productivity. MARD also issued the Program on restructuring the rice industry of Vietnam to 2025 and 2030 with the approach of gaining more from less, to increase the efficiency and sustainability of the sector. The program set up the consistent goals of increasing farmer income, and consumer welfare together with better performance of rice export in terms of quality and value addition.

On November 27^th, 2023, the Prime Minister approved the Program on “One million hectares of high-quality and low carbon rice towards green growth in the Mekong Delta to 2030“. The Program set up the targets of re-organizing rice value chains, applying sustainable farming practices, increasing efficiency, improving livelihoods of rice farmers, adapting and mitigating impacts of climate change, hence implementing commitments of Vietnam to international communities on carbon emmision reduction.

The Program indicates 4 priority tasks including capacity building for cooperatives and businesses, credit to support value chain integration for high-quality and low-carbon rice, infrastructure modernization and pilots of carbon payment scheme. This is the practical action to implement Vietnam’s commitment at the UN Food Systems Summit 2021: Vietnam wishes to become a food supplier with transparency, responsibility and sustainability. Furthermore, Vietnam is also a pioneering country to apply low carbon practices to strongly transform the rice sector towards green and sustainable growth, implementing Vietnam’s commitment to reduce 30 % carbon emission by 2030 and net zero by 2050 in COP26 held in Glasgow, November 2021.

The First Vietnam International Rice Festival

To promote high-quality rice production, enhance value chain integration, create a foundation for green growth, ensure food security and safety, and adapt to the climate change, Vietnam will hold International Rice Festival of Vietnam in December 11-15 2023 in Hau Giang Province.

Conveying the message “Green Rice for Life”, the Festival is held in the context that Vietnam is aiming to become the pioneering country in high-quality and low-carbon rice, hence opening up opportunities to introduce potential of Vietnam’s rice industry, creating momentum for rice trade, as well as showing Vietnam responsibility to the global food markets.

The Festival organizes numerous activities of international workshops (Vietnam – Africa policy dialogue: South–South cooperation for food system transformation, Responsible and sustainable development of rice value chains, Global rice market and perspectives, R&D and innovation for sustainable rice industry), Vietnam rice road show, and field trips to introduce to international partners about the rice production models in the Mekong Delta.

As a special spotlight of this Festival, the Government of Vietnam will officially kick-off the implementation of Program on “One million hectares of high-quality and low carbon rice towards green growth in the Mekong Delta to 2030“. This shows the high-level commitments of the Government of Vietnam to transform the rice industry for farmer income, consumer welfare and its responsibility as a benchmark for global rice markets, food security and carbon emissions reduction.

The Festival is also a chance for the rice production and import/export countries and other partners to strengthen cooperation in terms of trade, investment, and R&D for sustainable development of the global rice value chains.

Nguyen Do Anh Tuan – Director General of the International Cooperation Department, Ministry of Agriculture and Rural Development affirms that Vietnam is a responsible member of the international communities. Vietnam will join hands with governments, international organizations and businesses to develop a sustainable rice industry with low carbon emissions, improve rice value chain integration, and achieve global food security.

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

Inovalon Applauded by Frost & Sullivan for Improving Healthcare Delivery, Patient Outcomes, and Data Security with Its Inovalon ONE® Platform

CISION PR Newswire

Dec 11, 2023

Inovalon ONE® Platform seamlessly aggregates, standardizes, and analyzes diverse data to gain meaningful insights, support evidence-based decision-making, and offer data security and privacy.

SAN ANTONIO, Dec. 11, 2023 /PRNewswire/ — Frost & Sullivan recently researched the healthcare analytics and real-world evidence (RWE) information technology solutions industry and, based on its analysis, recognizes Inovalon with the 2023 North American Product Leadership Award. The cloud-based software-as-a-service (SaaS) provider empowers healthcare organizations with data-driven insights to improve clinical, operational, and financial performance. Through the Inovalon ONE® Platform and its Insights solutions, Inovalon supports payers, providers, pharmacies, and life sciences organizations using real-world data (RWD) and advanced analytics to enhance healthcare outcomes and economics.

The cloud-based Inovalon ONE Platform provides SaaS solutions leveraging the company’s national-scale connectivity, real-time primary source data, and advanced analytics to provide actionable insights that inform and expedite patient care and business strategies. Using Inovalon’s MORE2 Registry®, the nation’s largest healthcare dataset originating from longitudinally matched and primary source data, the platform helps achieve data integration, compliance, and security. Additionally, Inovalon’s subject matter expertise, vast dataset, and robust data governance help enable artificial intelligence (AI) and machine learning (ML) capabilities to automate workflows, identify and address care gaps, and support its partnerships with technology companies like AWS.

Payers, providers, pharmacies, and life sciences organizations can use tailored cloud solutions on the Inovalon ONE Platform to seamlessly aggregate, standardize, and analyze diverse or siloed data to gain meaningful insights and support evidence-based decision making:

Inovalon Data Cloud harnesses diverse, longitudinally linkable healthcare data to accelerate healthcare research for life sciences organizations and enable the improvement of economics and outcomes for providers, payers, and pharmacies. Inovalon Payer Cloud offers advanced analytics and dynamic business intelligence to support health plans in improving clinical quality metrics, risk score accuracy, value-based care, member and provider engagement, and more. Inovalon Provider Cloud provides a user-friendly, single-sign-on portal for streamlining revenue cycle management, care quality management, and workforce management. Inovalon Pharmacy Cloud facilitates pharmacy operations and enhances clinical performance through real-time data exchange, automated processing, and electronic decision support.

Ojaswi Rana, best practices research analyst at Frost & Sullivan, observed, "Inovalon’s best practices transform data into actionable insights through tailored solutions while adapting to market demands and evolving toward innovative SaaS offerings."

Inovalon’s unique access to extensive and longitudinally linked healthcare datasets positions it as a fundamental framework for innovative solutions, differentiating it in the industry. Its distinct advantage is its collaboration across payer, provider, specialty pharmacy, and life sciences domains, allowing it to effectively utilize data and analytics to address emerging trends in targeted medicine, gene therapy, and oncology. Inovalon is well-positioned to capitalize on new growth opportunities, cementing its position in the North American healthcare analytics and RWE IT solutions space.

"The Inovalon ONE Platform seamlessly aggregates, standardizes, and analyzes diverse healthcare data from electronic health records and claims data to provide payers, pharmacies, providers, and life sciences organizations with evidence-based insights for better patient care and decision-making. The company remains a trusted partner, earning a reputation for offering the best healthcare analytics and RWE IT solutions," added Unmesh Lal, research director for Healthcare & Lifesciences at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

About Inovalon
Inovalon is a leading provider of cloud-based software solutions empowering data-driven healthcare. The Inovalon ONE® Platform brings together national-scale connectivity, real-time primary source data access, and advanced analytics into a sophisticated cloud-based platform empowering improved outcomes and economics across the healthcare ecosystem. The company’s analytics and capabilities are used by nearly 20,000 customers supporting more than 50,000 sites of care, and are informed by the primary source data of more than 79 billion medical events across one million physicians, 654,000 clinical settings, and 375 million unique patients. For more information, visit www.inovalon.com.

Contact:
Ashley Weinkauf
P: 210-844-2505
E: [email protected]

Nick Panayi for Inovalon
Chief Marketing Officer
[email protected]

Source : Inovalon Applauded by Frost & Sullivan for Improving Healthcare Delivery, Patient Outcomes, and Data Security with Its Inovalon ONE® Platform

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

DST Raises US$80 Million in Latest Round of Financing

CISION PR Newswire

Dec 11, 2023

China’s Leading NEV Fleet Management Company Secures One of the Largest US Dollar Private Investments in 2023

Highlights:

DST aims to expand the scale of its NEV fleet in China as well as to deepen its R&D efforts, increase offline service network, and offer comprehensive and tailor-made service packages Management remains unwavering in its drive to implement sustainable practices at every level, supporting the environment and society while achieving further scalability and growth In collaboration with prominent strategic and financial partners, DST will look to explore international expansion

SHENZHEN, China, Dec. 11, 2023 /PRNewswire/ — DST, China’s leading new energy vehicle ("NEV") fleet management company, today announced the completion of a US$ 80 million round of financing, led by a globally renowned growth fund as well as several existing shareholders. This investment will fuel further investments in R&D and, more specifically, its real-time computational analytics. These technologies are key to enhancing DST’s digitalized fleet management capabilities and helping to efficiently and effectively expand and manage the increased scale of the company’s NEVs for logistics fleet in China.

DST has long been the go-to partner for logistics companies like SF Express, JD Logistics, and other well-known clients from various industries. DST’s clients desire to lower their total cost of vehicle ownership, maximize operational efficiencies, and streamline their logistics schedules. To date, the Company has approximately 100,000 logistics NEVs under management, serving over 5,000 enterprise clients and over 400,000 drivers on its digitalized logistics platform and offline service network.

Ms. Haiying Zhang, Founder and Chairman of DST, commented, "As the founder of DST, I am proud to lead a company that exemplifies technological leadership and unwavering commitment to sustainability in China’s logistics and fleet management industry. As a firm believer and practitioner of carbon neutrality, we share the mutual goal of reducing carbon emissions with our new investor. Our innovative solutions, digital intelligence, and commitment to environmental responsibility not only sets us apart but also drives our entire industry forward. DST is not just a company; it’s a catalyst for change and a beacon of excellence in this transformative era for logistics and fleet management. With the proceeds, we are poised to make additional investments in deepening our R&D capabilities and expanding our computational analytics infrastructure, ensuring that we remain at the forefront of industry innovation. By doing so, we are confident to create long-term value for our stakeholders."

As the leader in digital intelligent operation services for new energy logistics in China, DST has intensified its commitment to advancing the sustainability of China’s logistics industry in line with the national "dual carbon" goal. The core mission remains focused on enabling the electrification of urban logistics through comprehensive solutions, encompassing vehicle leasing, sales, charging, storage, maintenance, and environmentally conscious practices. The company also focuses on end-to-end services and environmentally responsible practices, supporting circular economy principles, digital transformation, and privacy protection while aligning with the UN Sustainable Development Goals and implementing robust ESG governance. DST’s pledge to ESG principles is exemplified by obtaining the highly coveted "Dark Green Rating" for both its revenue and CAPEX from Cicero – Shades of Green, an S&P Global brand which provides independent research-based ESG evaluations. DST’s future vision is centered on innovation, efficiency, and collaboration, driving the growth of the entire industry ecosystem and enhancing value for all stakeholders.

More information about DST is available at www.dstcar.com.

About DST

Founded in 2015, DST Electric Vehicle Rental (Shenzhen) Co., Ltd.("DST", the "Company", "we"), is a leading digital intelligent operation service provider in China for new energy logistics vehicles. Based on the principles of green and sustainable development, we take the responsibility of promoting the full electrification of urban logistics vehicles and managing their life cycle as our approach. DST connects the whole value chain of the new energy logistics vehicle industry and provides customers with a digital intelligent operation service network, including asset operation and services integrating vehicle leasing and sales, charging, storage, maintenance, and cascade utilization. We empower every participant in the industry to achieve efficiency and value enhancement by "service-oriented" and continue to promote the standardization and intelligence of the industry, so that the emerging ecosystem will become simpler and more effective due to DST.

Media and Investor Contact:

Public Relations: [email protected]
Investor Relations: [email protected]

Source : DST Raises US$80 Million in Latest Round of Financing

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Binance Demonstrates Commitment to User-Led Innovation, Validated Over 240 User Suggestions in November 2023

CISION PR Newswire

Dec 11, 2023

Processing thousands of user suggestions monthly through its official feedback channel, the global blockchain ecosystem underscores its commitment to user-driven innovation by introducing various enhancements and updates across various products

MANAMAN, Bahrain, Dec. 11, 2023 /PRNewswire/ — Binance, the global blockchain ecosystem behind the largest cryptocurrency exchange by trading volume, is happy to share that a total of 246 feature suggestions received from users via its Feature Request & Feedback Board were validated in November this year. This user-focused feedback process is part of Binance’s dedication to its community, and is a key element for why Binance has been able to keep building and improving over the years.

Each month, the product teams at Binance carefully review and evaluate thousands of users’ feedback, suggestions and ideas. Doing so offers valuable insights for Binance as the organization continues to roll out the next generation of products, with its users and their needs at its core.

Key enhancements and updates made in November 2023 include:

Elevating users’ P2P experience: Making P2P transactions on Binance has become more user-friendly, secure and accessible than ever before. Notable enhancements include: introduction of mobile web for the P2P Merchant Portal, ability to pin selected P2P featured ads at the top of the marketplace, and support for video uploads in the P2P chat. These enhancements provide increased convenience and functionality to the Binance P2P platform, thereby boosting both users’ and merchants’ P2P trading experience. Streamlining users’ financial transactions: Binance’s deposits and withdrawals processes have gone through several updates, resulting in increased flexibility, clarity and convenience for users when managing their funds. For instance, users can now choose both spot and funding wallets during the crypto withdrawal process. Users benefit from quicker and more convenient fund management due to this streamlining. Binance has also introduced a new confirmation step on the crypto deposit page to help minimize errors and create a simplified process. Enhancing users’ trading through intuitive dashboards: The dashboards on Binance have been revamped, simplified and optimized to enhance clarity and ease of use. The newly designed interfaces on both web and app platforms make it easier for users to navigate market trends, manage assets, and execute transactions in a simplified and personalized way. In the case of the Market and Assets dashboards, for instance, the new design intentionally focuses on essential information only. Users are thus able to easily track market trends and make informed decisions without the distraction of unnecessary elements.

In addition to the enhancements and updates covered above, there are many other releases by the Binance team in November. A list of some of these other releases are as follows:

User interface and trading tools: sidebar integration, internal transfer page optimization, security settings integration, deposit and withdrawal details with CS bot, kline enhancements P2P and wallet features: P2P new user coach on Lite version, cashlink mint/burn process for P2P, revoke messages in P2P chat room, wallet history enhancements Copy Trading enhancements: support API trading for lead traders, privacy options for lead traders, addition of copy trading on Market Discover page Futures trading enhancements: Futures price alert, new BBO order type, clearer fee info on position history, one-stop derivative data info page Options trading enhancements: T-shaped quote in Binance Pro, Options heat map

The updates and enhancements shared above are just a glimpse of the many improvements made by Binance in November. Each of these developments, from the user-friendly P2P transaction features, the streamlined deposits and withdrawals process, and the refined dashboards, reflects the organization’s ongoing commitment to its users and community.

For the latest updates to Binance’s product suite, do look out for weekly #BinanceBuild updates on the organization’s official social channels. Monthly #BinanceBuild recaps will also be posted on Binance Blog.

Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. You are responsible for informing yourself about and observing any restrictions and/or requirements imposed with respect to the access to and use of any products and services offered by or available through Binance in each country or region from which they are accessed by you or on your behalf. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of any products and/or services offered from time to time in its sole discretion at any time without notification.

Source : Binance Demonstrates Commitment to User-Led Innovation, Validated Over 240 User Suggestions in November 2023

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

First Phosphate and Ultion Technologies Enter MOU for Purchase of LFP / LFMP Commercial Production Technology and Offtake of 6,000 annual Tonnes of LFP Cathode Active Material for Specialty Products

Corporate News Media OutReach

Dec 11, 2023

First Phosphate and Ultion Technologies Enter MOU for Purchase of LFP / LFMP Commercial Production Technology and Offtake of 6,000 annual Tonnes of LFP Cathode Active Material for Specialty Products

Saguenay, Quebec – Newsfile Corp. – 11 December 2023 – First Phosphate Corp. (CSE PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that it has signed a memorandum of understanding (“MOU”) with Ultion Technologies Inc (“Ultion”) of Las Vegas, Nevada for the purchase of a non-exclusive, perpetual license to technology for the production of lithium iron phosphate (“LFP”) and lithium iron manganese phosphate (“LFMP”) cathode active material (“CAM”).

The LFP technology contemplated by this MOU is currently in production in two facilities, one with 10,000 tonnes per annum of capacity and one with 50,000 tonnes per annum of capacity. The market value of 50,000 tonnes of LFP CAM can be estimated from USD $625,000,000 to USD $1,250,000,000 based on recent market price ranges. The LFMP technology contemplated in this MOU is currently under development and being produced at a quantity of several tonnes per month.

“The agreement is important to the Company because it provides proven, commercial-grade LFP production technology as well as offtake into the LFP CAM specialty products segment of the market,” says CEO John Passalacqua. “We are building our entry into LFP CAM production in careful and systematic manner. Access to various LFP production technologies reduces our technology risk and allows us to diversify industry exposure by servicing various markets and various client needs.”

“We are excited to be working with First Phosphate in developing the lithium battery supply chain in North America,” said Dr. Johnnie Stoker, CEO of Ultion. “With their secure source of high purity ore and commitment to develop downstream processing of Cathode Active Materials, First Phosphate will become a key player in the LFP/LFMP supply chain. It is critical that these materials be made in our region.”

The terms of the agreement between the parties include:

Ultion shall grant a fully paid, royalty-free perpetual license to First Phosphate for the transfer of the LFP CAM production technology.
Ultion shall transfer all documents necessary for First Phosphate to implement the purchased LFP CAM technology commercially, (The “Technology Document Package”).
A similar LFMP Technology Document Package will include all documents, technology and information as the LFP Technology Document Package. It will also include any equipment changes or modifications that are required to produce LFMP with the same equipment as specified for LFP production.
Ultion will also provide the following services to First Phosphate under certain conditions: equipment acquisition and installation, engineering support, equipment design, start up, and personnel training.
First Phosphate may purchase one or both technologies as well as pay an additional fee to secure an exclusive right to the LFMP technology for the North American market.
First Phosphate shall work to provide Ultion with up to 2,000 tonnes per annum of LFP CAM for its LFP battery cell manufacturing business for specialty products. Ultion is planning on beginning production in 2025 which will need up to 500 tonnes of LFP CAM and will ramp up to full production requiring up to 2,000 tonnes by 2029.
Additional cell production partners and facilities related to Ultion’s expansion are also expected to use First Phosphate’s LFP as recommended. Each additional facility is expected to ramp up to at least 2,000 tonnes per year LFP/LFMP CAM consumption by 2030. There are at least two additional production partner facilities being contemplated by Ultion at this time.
This MOU shall be effective as of the date of signature and shall remain in effect until The Parties enter into a definitive, written agreement or 365 days, whichever comes first.

This MOU with Ultion together with the MOU with American Battery Factory signed on September 13, 2023 provides First Phosphate with a total minimum offtake potential of 46,000 tonnes of LFP CAM to be fulfilled slowly starting in 2026 and ramping up by 2028/2029.

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

About Ultion Technologies

Ultion is a US-based private corporation focused on development and commercialization of battery materials, cells, and packs in North America. Members of Ultion’s technical and operations teams have been integral in the commercialization and production of lithium-ion materials, cells, and packs, particularly based on LFP for over 20 years. Ultion has developed and/or acquired valuable technology and know-how for the production of cathode active materials (CAM) including LFP and LFMP. Ultion plans to expand its operations in North America with its first facility for lithium ion cell and pack production by 2025. The initial facility will be capable of up to 1GWh of cell production and Ultion is exploring additional cell and pack production at several locations in the US, Canada, and Mexico.

For additional information, please contact:

Jérôme Cliche, VP, Business Development
[email protected]
Tel: +1 (514) 815-8799

Investor Relations: [email protected]
Media Relations: [email protected]
Website: www.FirstPhosphate.com

Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company’s belief that Quebec igneous anorthosite phosphate rock is an untapped source of high purity phosphate which can potentially be mined and transformed into large quantities of purified phosphoric acid (PPA) to service North America’s need for the production of LFP cathode active material to meet electrification targets; and the Company’s plans and goals with respect to changes in law and legislations, the stated benefits, and the timelines thereof.

Forward-looking information in this press release are based on certain assumptions and expected future events, namely: the Company’s ability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s ability to develop its land claims in the region of Saguenay-Lac-St-Jean, Quebec; the Company ability to carry out its plans for the development of a LFP CAM manufacturing business in North America; and the Company possessing the ability to realize upon the potential agreements with governmental and other entities, potential the development of partnerships, relationships and customers, and the stated benefits thereof; and the Company’s ability to realize upon the plans and goals with respect to changes in law and legislations, the stated benefits, and under the timelines thereof.

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to integrate directly into the functions of certain major North American LFP Battery producers; the Company’s inability to develop its land claims in the region of Saguenay-Lac-St-Jean, Quebec; the Company inability to carry out its plans for the development of a LFP CAM manufacturing business in North America; the Company’s inability to realize upon the potential agreements with governmental and other entities, potential the development of partnerships, relationships, and customers, and the stated benefits thereof; and the Company’s inability to realize upon the plans and goals with respect to changes in law and legislations, the stated benefits, and under the timelines thereof.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward- looking information, except as required by applicable law.

The issuer is solely responsible for the content of this announcement.

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Zhongchao Inc. Collaborates with a Public Health Foundation to Support Sustainable and Effective Cancer Treatments

CISION PR Newswire

Dec 11, 2023

SHANGHAI, Dec. 11, 2023 /PRNewswire/ — Zhongchao Inc. (NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a platform-based internet technology company offering services for patients with cancer and other major diseases, today announced that Shanghai Zhongxin Medical Technology Co., Ltd. ("Zhongxin"), of which Zhongchao consolidates the operations and financial results through a series of contractual arrangements, has renewed its service agreement (the "Agreement") with Beijing Public Health Foundation ("BPHF"), a non-profit organization dedicated to enhancing Chinese citizens’ health through public welfare initiatives and aid programs. Pursuant to the Agreement, Zhongxin and BPHF extended its partnership to work together on a patient aid project (the "Project") to provide medication assistance services for cancer patients.

The Project offers free Doxorubicin Hydrochloride Liposome Injections to low-income patients with breast cancer, lymphoma, Kaposi’s sarcoma, ovarian cancer, osteosarcoma, and myeloma based on their needs. The Project aims to ensure patients to have longer lasting and more effective medical treatments with less financial burden. The Project operates through over 300 hospitals and 100 pharmacies, where qualified cancer patients after an assessment can receive their medications for free. To date, the Project has been in operation for three years, serving over 6,000 patients and donating more than 22,000 doses of medication.

Under the supervision and guidance of BPHF, Zhongxin, leveraging its self-developed patient assistance program technical service platform, is responsible for providing staff with training and daily operation management, maintaining the project website, management for patients, and monitoring and analyzing project progress. These efforts aim to standardize the workflow and enhance the operational efficiency of the Project. Additionally, the platform also performs information management for Project participants, such as hospitals and pharmacies, to improve operational efficiency and accuracy.

With the rising incidence of cancer and prolonged life expectancy brought by new technologies, the cost of innovative medications and long-term treatments has intensified financial burden on patients. Zhongchao believes that the Project encourages and supports patients in need to adhere to sustained treatments with significant therapeutic effects and less financial burden on families. Zhongchao remains committed to leveraging its service capabilities and experience in enhancing treatment efficiency and quality of life for cancer patients.

About Zhongchao Inc.

Zhongchao Inc. is an offshore holding company incorporated in the Cayman Islands. It consolidates the financial results of a variable interest entity, Zhongchao Medical Technology (Shanghai) Limited, and its subsidiaries (the "PRC operating entities") through a series of contractual arrangements. Zhongchao Inc. is a platform-based internet technology company offering services to patients with oncology and other major diseases. The PRC operating entities provide online healthcare information, professional training and educational services to healthcare professionals under their "MDMOOC" platform (www.mdmooc.org), offer patient management services in the professional field of tumor and rare diseases through Zhongxin, offer internet healthcare services through Zhixun Internet Hospital, and pharmaceutical services through Xinjiang Medical and operate an online information platform, Sunshine Health Forums, to general public. More information about the Company can be found at its investor relations website at http://izcmd.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. 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. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the professional training and educational services market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. 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:

At the Company: Pei Xu, CFO
Email: [email protected]
Phone: +86 13901629242

Investor Relations: Sherry Zheng
Weitian Group LLC
Email: [email protected]
Phone: +1 718-213-7386

Source : Zhongchao Inc. Collaborates with a Public Health Foundation to Support Sustainable and Effective Cancer Treatments

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network