First docking in Hong Kong, display of HADALX Manned Submersible and 6,000-metre Manned Submersible model to the public

Embark on a Fascinating Ocean Exploration Adventure

HONG KONG, Nov. 30, 2023 /PRNewswire/ — For thousands of years, the vast oceans have attracted human exploration. In recent years, marine science popularisation and deep-sea exploration have become topics of global emphasis, developing into important industries for scientific and technological progress. From 30 November to 3 December 2023, with the support of the Innovation, Technology, and Industry Bureau, the Government of the Hong Kong SAR of the People’s Republic of China, and Harbour City Estates Limited, the organiser, Hua Xia Foundation and the co-organiser B & P Foundation Limited, will host the "HADALX Shen Kuo Research Vessel Deep Sea Expedition Open Day & Exhibition". The programme will involve a series of popular marine science activities, including the Shen Kuo Research Vessel Open Day, harbour excursions, exhibitions, and lectures. This is the first time that the Shen Kuo Research Vessel has docked in Hong Kong, demonstrated the HADALX Manned Submersible, the model of Rainbowfish – HADALX HOV6000 6,000-metre Manned Submersible to the public. The organisers hope to immerse the public in the captivating world of marine science and stimulate their interest in this field. These activities will provide a comprehensive perspective on the development process and achievements of the popularisation of marine science in China.

HADALX Shen Kuo Research Vessel: Deep Sea Expedition Open Day & Exhibition Kick-off Ceremony

On 29 November 2023, HADALX Shen Kuo Research Vessel: Deep Sea Expedition Open Day & Exhibition Kick-off Ceremony was hosted. In the afternoon, the event featured distinguished guests, including Prof Dong SUN, JP, Secretary for Innovation, Technology and Industry Bureau, the Government of the Hong Kong SAR of the People’s Republic of China; Dr Xin WU, Founder of HADLAX; Professor Chi-Pang LAU, Chairman of Hua Xia Foundation; Mr Hoi-Shan HSU, C.E.S of the Hua Xia Foundation; Professor Paul Kwok-Wah YIP, Chairman of B & P Foundation Limited; Dr Betty Po-King CHAN, Co-founder of B & P Foundation Limited; Dr Lydia Lai-Seng CHAN, Committee Member of B & P Foundation; and Ms Winnie Wing-Kam YIP, Treasurer and Committee Member of B & P Foundation Limited. Representatives from various organisations and partners, such as Yew Chung Yew Wah Education Network, and other guests also participated in the event.

During the Kick-off ceremony: Prof Dong SUN, JP, Secretary for Innovation, Technology and Industry Bureau, the Government of the Hong Kong SAR of the People’s Republic of China said, "Hong Kong SAR is one of the most important international cities in the country. Situated in the Guangdong-Hong Kong-Macao Greater Bay Area and facing the South China Sea, it serves as a crucial hub in the Belt and Road Initiative. He believes that Shen Kuo ‘s Hong Kong visit can provide us with a new perspective on how to enhance the share of the maritime economy in Hong Kong’s economic  framework and create new avenues for growth." Professor Chi-Pang LAU, Chairman of Hua Xia Foundation expressed in his speech, "Observing that many students are deeply interested in the research vessel, they step out of the classroom, understand the challenges and joys of long-distance navigation and scientific exploration in the abyss." He believes that the next generation of Hong Kong will undoubtedly be able to create better technological achievements, contributing to the well-being of humanity and, at the same time, adding a distinctive touch to the national development blueprint."

In addition, Dr Xin WU, Founder of HADLAX emphasised in his speech that if we want to become a maritime powerhouse, we must start with the youth and education in marine technology needs to begin with the younger generation.

Lastly, Dr Lydia Lai-Seng CHAN, a Committee Member of B & P Foundation mentioned in her speech that the visit of Shen Kuo research vessel coincided with the commencement of a 4-day visit of the Chinese manned space programme delegation in Hong Kong on 28 November. "This week, the stars are aligned this week, giving us this incredible and rather miraculous opportunity to both reach for the heavens and also dive into the deep. So hopefully, aside from astronauts, we will also produce many deep-sea explorers from Hong Kong in the years to come." she said.

A series of captivating activities began after the ribbon-cutting ceremony.

Activity 1: Shen Kuo Research Vessel’s First Call to Hong Kong with Two Major Highlights
Personal contact with a scientific research ship will spark the public’s love for the ocean, allowing them to immerse themselves in the world of science and explore the mysteries of the deep sea. From 30 November to 3 December 2023, the Shen Kuo Research Vessel will make its first call at the Ocean Terminal of Harbour City in Hong Kong, and offer special guided tours for students and the public for free.

The guided tours revolve around two main themes: "How much do you know about research vessels?" and "Into the Unknown x Insights into the daily lives of research team members". In addition to touring the Shen Kuo Research Vessel, participants can learn about marine science; view a model of the future Yew Chung Yew Wah (YCYW) Integrated Marine Science Research Vessel, which is about to be constructed; observe the HADALX Manned Submersible, and the models of Rainbowfish – HADALX HOV6000 6,000-metre Manned Submersible and HADALX; and interact with the crew to gain insights into the living and working environment of marine researchers. On the first day of online booking, all available slots for the public visit were filled.

Activity 2: Marine Science Exhibition and Special Lectures- Exploring Deep-Sea Mysteries
Between 30 November and 3 December 2023, the public can board the Shen Kuo Research Vessel and attend the complimentary marine science exhibition and the special lectures at the Passenger Waiting Hall of the Ocean Terminal in Harbour City.

The exhibition will display manned submersibles, the uniforms of scientific researchers, exhibition panels, and videos showcasing marine research activities. In addition, visitors can explore some universities’ marine disciplines and research. There will be some on-site presentations by marine science popularisation experts such as  Assistant Professors Qiong ZHANG and Long-Jun WU from the Department of Ocean Science of the Hong Kong University of Science and Technology; Dr Stephen NG, Acting Head, from the Climate Action Section, Social Responsibility and Sustainable Development Office of the Chinese University of Hong Kong; Dr Tsz Leung Yip, Associate Professor from the Department of Logistics and Maritime Studies Director of CY Tung International Centre for Maritime Studies, The Hong Kong Polytechnic University; Mr Pak-Long TSEUNG from the Institute of Hong Kong Underwater Archaeology Research; Mr Keith KEI from Reef Check Foundation-Hong Kong who will give an easy-to-understand presentation.

Various organisations and partners made the success of this event possible: (listed in no particular order): Innovation, Technology and Industry Bureau, the Government of the Hong Kong SAR of the People’s Republic of China; Harbour City Estates Limited; Yew Chung Yew Wah Education Network; Hong Kong University of Science and Technology; Hong Kong Polytechnic University; The Chinese University of Hong Kong; Our Hong Kong Foundation; Beijing – Hong Kong Academic Exchange Centre; Deep Blue Exploration; Institute of Hong Kong Underwater Archaeology Research; Hong Kong Chinese Culture Development Association; Hong Kong Tech-Inno Association; Ocean Culture (HK) Company Limited; Reef Check Foundation-Hong Kong.

Hua Xia Foundation
Established in 1982, the Hua Xia Foundation is a Hong Kong-based, non-profit charitable organisation operating under tax-exempt status as per Section 88 of the Inland Revenue Ordinance. It operates under the collaborative management of several key entities, including the Liaison Office of the Central Government in Hong Kong SAR, the Ministry of Education, the Ministry of Health, and various governmental departments, in conjunction with the Board of Trustees of the Hong Kong Hua Xia Foundation. The Hua Xia Foundation plays a significant role in advancing education and healthcare in the Chinese mainland and has made a substantial impact on charitable initiatives across the nation.

With a mission to "foster the development of talents for the nation", the Foundation aligns its efforts with the rapid development of China. It proudly represents the first charitable organisation in Hong Kong dedicated to supporting the advancement of education and healthcare services in the Chinese mainland with a focus on fostering "exemplary, radiant, forward-looking, and sustainable growth." To date, the Foundation has provided more than $200 million in aid, including vocational education and healthcare support, benefitting more than 280 schools spanning 31 provinces, municipalities, and  autonomous regions directly under the Central Government.

B & P Foundation Limited
The B & P Foundation Limited, established in February 2010 by Professor Paul Kwok-Wah YIP and Dr Betty Po-King CHAN, started as a non-profit organisation and has since evolved into a charitable organisation. Both Professor YIP and Dr CHAN have maintained a strong commitment to public service. Over the years, the B & P Foundation, supported by the B&P Group, has actively contributed to a wide range of sectors. These include social services, general education, policy research, youth development, cultural development, and international exchange initiatives.

The B & P Group, which encompasses the B & P Foundation, operates across several key domains:

Education: This involves more than 30 campuses in the Chinese mainland, Hong Kong SAR, and the United Kingdom, including Yew Chung International School (YCIS), Yew Wah International Education School (YWIES), Yew Wah Infant and Toddler Discovery Centre (YWITDC), Yew Wah Infant and Toddler Education Centre (YWITEC), Yew Wah International Education Kindergarten (YWIEK), Yew Chung International Children’s House/Kindergarten, Yew Chung College of Early Childhood Education (YCCECE), Yew Wah School of Hong Kong (YWSHK) (Hong Kong’s first Chinese mainland curriculum school; it is currently under construction), and Gigamind Kindergarten and Primary School. Science and Technology: HADAL X OCEAN EXPEDITION MANAGEMENT CO., LIMITED, the business scope of which includes ocean exploration; marine science research; resorts and recreation; marine bio-technology; marine archaeological studies; ocean education and culture; and operation of the research ship at the home port; Social Services: The Hong Kong Policy Research Institute, the Hong Kong Chinese Culture Development Association, and the Hong Kong Basic Law Foundation; Rehabilitation and Healthcare:  Rainbowfish Rehab Hospital and Clinics, Rainbowfish Rehab and Healthcare College; Culture & Tourism: Huangshan Scholars Conference Centre; Mandarin Plaza Hotel in Cebu, Philippines; Bohol Beach Club Resort in Bohol, Cebu, Philippines; and the Hong Kong International Scholars Exchange Centre (travel agency).

About the Shen Kuo Research Vessel
The Shen Kuo Research Vessel was designed by China Ship Scientific Research Center, and built and operated by Tehe Ocean Technology Group. It is a 2,200-ton small-waterline surface catamaran research vessel built by private enterprises, and features two bows, with an orange-red front bow, a primarily white hull; its lower part is adorned with red wave patterns. In addition, it is equipped with the most advanced scientific research equipment in the Chinese mainland. Since 2018, the vessel has completed more than 30 oceanic research missions, visiting the world’s deepest trench, the Mariana Trench, on several occasions to conduct deep-sea exploration missions.

Yew Chung Yew Wah (YCYW) Marine Scientific Research Vessel
YCYW is a modernised comprehensive marine scientific research vessel that integrates multi-disciplinary, multi-functional, and multi-technological means to cater to the requirements for supporting manned deep-sea submarines operating at depths of 11,000 metres. It provides underwater engineering support, for conducting multi-disciplinary marine research of the deep ocean, encompassing geophysics, marine geology, marine biology, and other relevant fields. The ship has a 97-metre longitudinal dimension and a 17.8-metre lateral dimension, a design displacement of about 4,800 tons, a design draft of 5.65 metres, a cruising speed of 12 knots, an endurance of 15,000 nautical miles, a capacity for 60 crew members, and self-sustainability for 60 days.

HADALX Shen Kuo Research Vessel

Students on a guided tour of Shen Kuo, embarking on a journey of ocean exploration

Source : HADALX Shen Kuo Research Vessel: Deep Sea Expedition Open Day & Exhibition

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Comprehensive global payroll services powered by robust technology to elevate organisational productivity and efficiency

CHENNAI, India, Nov. 30, 2023 /PRNewswire/ — Deloitte Touche Tohmatsu India LLP, has entered a strategic partnership with Ramco Systems Limited, a leading global payroll technology provider. This partnership leverages Ramco’s innovative payroll platform in conjunction with Deloitte’s expert advisory and managed services. Together, they are committed to delivering an all-encompassing payroll solution that ensures operation services, compliance, seamless user experience, and comprehensive coverage spanning 150+ countries, all accessible through a single, unified payroll platform.

(L-R) Rohit Mathur, SVP & SBU Head – HR and Payroll, Ramco Systems, and Gokul Chaudhri, President, Tax, Deloitte Touche Tohmatsu India LLP, during the signing ceremony at the Deloitte office in Bengaluru, India

Highlights of the Partnership:

Compliant: Secured and Accurate Managed Services Expat Compliances Last Mile Services Convenient: Global payroll view in a single product Seamless implementation Certified connectors with global HCM providers Query assistance through chatbot and helpdesk Complete: Individual Tax Compliance Advisory – Payroll Advisory – Human Capital

This partnership presents organisations with the chance to harness a full spectrum of services i.e., risk reduction through seamless integration, faster delivery, performance optimisation, and improved visibility. It further empowers businesses to achieve ongoing, self-sustained governance, driving efficiency, scalability, and innovation in the digital landscape.

"The ever-evolving tax landscape demands swift and adaptable digital infrastructure to enable organisations to address business needs and remain compliant," said Gokul Chaudhri, President, Tax, Deloitte Touche Tohmatsu India LLP. "Our strategic partnership with Ramco signifies our commitment to empower businesses with a powerful blend of technology and implementation, ensuring unwavering quality and excellence, regardless of our valued clients’ geographical location or the scale of their operations."

Speaking on the partnership, Tapati Ghose, Partner, Deloitte Touche Tohmatsu India LLP, said, "Through this partnership, our collective objective is to offer a comprehensive spectrum of end-to-end payroll services that cater to the employer requirements Leveraging cutting-edge technological innovations such as Artificial Intelligence and Machine Learning (AI-ML), chatbot integration, seamless tech-enabled communications, and central hubs, the alliance has meticulously engineered a robust and infinitely scalable platform that is primed to empower businesses on a global scale. This marks a significant milestone in our ongoing journey towards forging a transformative impact within the realm of business services."

Rohit Mathur, SVP & SBU Head, HR and Payroll, Ramco Systems, said, "Our decade-old partnership with Deloitte exemplifies our commitment to delivering exceptional value to our customers. Right from being our payroll compliance partner offering us technical advice on country-specific regulatory requirements impacting payroll and statutory compliances, our association with Deloitte has come a long way, and we are now leveraging their expertise across multiple facets. With Deloitte’s strong expertise in delivering services and Ramco’s robust payroll platform, through this partnership, we are all set to empower global businesses and help them embark on a complete payroll transformation. I’m confident that this partnership along with our investments in high-end technologies like low-code framework, lightning-fast in-memory payroll, and AI-powered validations & analytics will prove to be the game-changers."

Subbaraman Ramaswamy, Chief Customer Success Officer (Global Enterprise Business), Ramco Systems, said, "Our strategic partnership with Deloitte represents a significant milestone for both organizations as we join forces to help solve global payroll challenges for our customers. Together, we look forward to revolutionizing the global payroll landscape and providing unmatched value to businesses. I am excited that this association will drive mutual growth and create new opportunities."

Hear Gokul Chaudhri and Rohit Mathur unveil the exciting highlights of this strategic partnership. Watch video HERE

About Deloitte:

This press release has been issued by Deloitte Touche Tohmatsu India LLP. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.

About Ramco Systems:

Ramco Systems is a world-class enterprise software product/ platform provider disrupting the market with its multi-tenant cloud and mobile-based enterprise software, successfully driving innovation for over 25 years. Over the years, Ramco has maintained a consistent track record of serving 1000+ customers globally with 2million+ users, and delivering tangible business value in Global Payroll, Aviation Aerospace & Defense, and ERP. Ramco’s key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform. On the innovation front Ramco is leveraging cutting edge technologies around Artificial Intelligence, Machine Learning, RPA and Blockchain, amongst the others, to help organizations embrace digital transformation.

For more information, please visit https://www.ramco.com/products/payroll

Follow Ramco on Twitter @RamcoSystems / @RamcoPayroll and stay tuned to https://www.ramco.com/blog

Source : Deloitte India partners with Ramco Systems to redefine the landscape of payroll transformation

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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

SEOUL, South Korea, Nov. 30, 2023 /PRNewswire/ — In a noteworthy revelation at the Korean Society of Ginseng conference held in Seoul last October, red ginseng has gained attention for significantly improving dependency caused by drug addiction. Prof. Oh Sei-kwan from Ewha Womans University College of Medicine found that the consumption of red ginseng reduces both physical and psychological dependency induced by drug addiction and greatly improves withdrawal symptoms. With the global issue of drug addiction becoming increasingly serious, this research result garners even more anticipation.

Red Ginseng’s Potential as a Natural Treatment for Improving Withdrawal Symptoms and Dependency due to Drug Addiction Proven Scientifically

According to the "World Drug Report 2023," the number of drug users worldwide increased by 23.3% from ten years ago, reaching 296 million in 2021. Despite being a medical analgesic, Fentanyl, commonly referred to as "zombie drug," has now infiltrated even among adolescents, which is a worrisome development. In the absence of a clear cure for the escalating harms of drug addiction, the study on the effects of red ginseng in improving drug dependency is noteworthy.

Prof. Oh’s research team, through experiments on mice, confirmed that the experiment group consuming red ginseng showed a 50% reduction in leap behaviors indicating physical dependency compared to the control group during morphine administration. In the conditioned place preference test for evaluating psychological dependency, the red ginseng group scored about three times lower than the control group, significantly reducing psychological dependency caused by drug addiction.

In addition, the study revealed a link between red ginseng and detoxification in the liver. Glutathione in the liver, involved in detoxification, showed recovery in the red ginseng group, which had decreased due to morphine addiction, indicating an approximately 90% effectiveness compared to the control group.

The impact of red ginseng on improving liver function has been consistently studied. In October, at the academic conference of the Korean Society of Food Science and Nutrition held in Busan, significant research results on the improvement of non-alcoholic fatty liver disease by red ginseng were presented. Human trials with 94 patients confirmed that the consumption of red ginseng regulated gut microbiota, increasing beneficial bacteria and reducing harmful bacteria, thereby improving damaged livers.

This study scientifically proves the usefulness of red ginseng in treating drug addiction and confirms its potential as a natural treatment for substance dependency, marking an important milestone.

Source : Red Ginseng's Potential as a Natural Treatment for Improving Withdrawal Symptoms and Dependency due to Drug Addiction Proven Scientifically

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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

GOTHENBURG, Sweden, Nov. 30, 2023 /PRNewswire/ — Due to conversions of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following.

As per 30 November 2023, the Company’s share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 29,316,933 shares of Series A and 426,034,135 shares of Series B. The number of votes in the Company amounts to 71,920,346.5.

AB SKF does not hold any own shares.

Aktiebolaget SKF
(publ)

Information in this press release contains information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication on 30 November 2023 at 08.00 CET.

For further information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: [email protected]

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
tel: 46 31-337 2104; mobile: 46 705-472 104; [email protected]

The following files are available for download:

https://mb.cision.com/Main/637/3885060/2462963.pdf

20231130 Announcement of change in the total number of votes in AB SKF

Source : Announcement of change in the total number of votes in AB SKF

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SUZHOU, China, Nov. 30, 2023 /PRNewswire/ — Journalists, students and others can attend the keynote speeches of the 11th International Conference on Robot Intelligence Technology and Applications (RiTA 2023) online from 6-7 December free of charge.

Co-organisers Xi’an Jiaotong-Liverpool University, the University of Liverpool, and the Korea Advanced Institute of Science and Technology (KAIST) will hold the conference at XJTLU Entrepreneur College (Taicang) in Taicang, China. The conference theme is Robotics and AI for Digital Futures.

Keynote speeches on 6 December:

9:30‒10:00. Professor Zahari Taha, Academy of Sciences Malaysia and DZUKI; "AI machine vision for sustainable digital manufacturing". Professor Zahari is a fellow of the Academy of Sciences Malaysia and founder of the DZUKI consulting and training company.

10:00‒10:30. Dr-Ing Lucas Bretz, Karlsruhe Institute of Technology, Germany; "Software-defined manufacturing ‒ Achieving true manufacturing flexibility". Dr-Ing Bretz is general manager of Global Advanced Manufacturing Institute (GAMI), KIT.

10:30‒11:00. Dr Youjia Wu, Bosch Center for Artificial Intelligence, China; "The application of artificial intelligence in engineering". Dr Wu is an applied AI scientist at Bosch China.

15:10‒15:40. Professor Han-Lim Choi, Korea Advanced Institute of Science and Technology (KAIST), Korea; "Multi-agent planning for information gathering". Han-Lim Choi is a professor of aerospace engineering at KAIST and a visiting scholar in the School of Aeronautics and Astronautics at Purdue University, US.

15:40‒16:10. Professor Minzhou Luo, Jiangsu JITRI Intelligent Manufacturing Technology Research Institute Co, LTD, China; "Key technologies and future development of humanoid robots". Professor Luo is President of Jiangsu JITRI Intelligent Manufacturing Technology Research Institute Co, LTD.

16:10‒16:40. Professor Xiaowei Huang, University of Liverpool, UK; "Challenges on safety and trustworthiness of learning-enabled autonomous systems". Xiaowei Huang is a professor of computer science at Liverpool.

Keynote speeches on 7 December:

9:30‒10:00. Dr Yeong Che Fai, Universiti Teknologi Malaysia and DF Automation & Robotics; "Autonomous Mobile Robot (AMR) technology for industry 4.0 & sustainability". Dr Yeong is an associate professor at Universiti Teknologi Malaysia and CEO and co-founder of DF Automation & Robotics.

10:00‒10:30. Dr Fan Zhu, Xi’an Jiaotong-Liverpool University, China; "Robotic intelligence and automation: from robotic manipulator to mobile robot". Dr Zhu is a lecturer in the School of Robotics at XJTLU.

The keynote speeches can be accessed at no cost online with Microsoft Teams at: https://bit.ly/412jrMP.

Additional information about the conference is at: http://2023.icrita.org/

Source : Expert talks on the future of robotics and AI open to the public

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ABU DHABI, UAE, Nov. 30, 2023 /PRNewswire/ — Seagrass Limited ("Seagrass"), a climate action company focussed on scaling climate impact and a wholly-owned subsidiary of E.ON, one of Europe’s largest operators of energy networks and energy infrastructure, announced its official launch today.

Seagrass aims to unlock the potential of the carbon markets and transform carbon finance, which can make an important contribution to the net-zero transition. It will bring together supply from certified projects with large-scale demand from buyers with ambitious climate strategies on a centralised marketplace driven by technology, transparency and integrity.

Seagrass will be based in the Abu Dhabi Global Market (ADGM) financial centre located in Abu Dhabi in the United Arab Emirates (UAE). It holds a license to arrange trades in environmental instruments from ADGM’s Financial Services Regulatory Authority.

The UAE is positioned at the crossroads between the Global South – where many nature-based carbon credits are originated – and places where demand for these credits is expected to grow, including Europe and Asia. The UAE will also host COP28, with the development of high-quality voluntary carbon markets expected to be a key area of focus.

"Carbon markets will play a crucial role in the transition to a sustainable world," said Naveed Tariq, CEO of Seagrass. "They can deliver climate impact at scale to help us meet the 1.5°C Paris Agreement goal and be instrumental in providing the trillions of dollars needed to close the climate finance gap."

"As the subsidiary of a large energy company, we know what buyers need: liquidity, ease of use and – above all – integrity," he added. "Our ambition is to work with partners to build that market and deliver climate solutions that ultimately help us to restore the planet."

Arvind Ramamurthy, Chief of Market Development at ADGM said: "We are delighted to welcome Seagrass to ADGM. We are confident that ADGM’s dynamic ecosystem and progressive regulations will enable Seagrass’ vision, supporting them in driving innovation across rapidly developing carbon markets and contributing to the continuous development of Abu Dhabi’s strategic value and equally to accelerating the UAE’s energy transition. We look forward to witnessing the positive impact of Seagrass’ expertise in contributing to the growth and development of the financial ecosystem in Abu Dhabi and beyond."

Seagrass is being launched at a time when carbon markets are developing integrity standards in response to market demands and to support much-needed scale. These include the Voluntary Carbon Markets Integrity Initiative’s (VCMI) Claims Codes of Practice, which aims to accelerate corporate use of the market as part of net zero strategies, and the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles label, which is intended to support buyers in identifying and pricing high-integrity carbon credits.

According to scenario analysis by MSCI Carbon Markets, demand for carbon offsets could increase from 500 MtCO2e in 2023 to 1,312 MtCO2e by 2030 and 4,356 MtCO2e by 2050, led by hard-to-abate sectors.

Integrity and simplicity at its core
Seagrass will connect major buyers of credits from a range of sectors – including energy, industrials, transportation and financial services – with credits from certified projects.

Seagrass is developing an assurance framework for credits available on its marketplace. This framework will require the certification of projects by recognised bodies. While ratings for different projects vary and can change rapidly, we will also establish minimum ratings requirements.

Our framework will include measures to ensure that projects traded on Seagrass deliver reductions or removals of emissions that are measurable, additional and permanent. We will also assess metrics related to projects’ social and biodiversity impact.

Alongside these safeguards, we will screen project governance and risks relating to corruption, human rights violations and armed conflict. We will develop a minimum standard in respect of these risks and exclude projects that do not meet it. As the voluntary and compliance market adopts new standards for high-quality credits and innovation, Seagrass will align its supply with those standards and buyers’ demand.

The platform will facilitate a market board, spot trading, block trades and auctions to cater to the different settlement needs of market participants. As well as trading on the platform, Seagrass’ team of demand- and supply-side specialists will help clients facilitate private investments.

Once onboarded on Seagrass, buyers will be able to choose from a wide range of projects around the world and complete deals in days rather than weeks or months, which would be the typical timeframe for bilateral transactions. Seagrass will offer access to projects that catalyse investment in nature-based solutions as well as those that finance emerging climate technologies.

Seagrass also provides buyers and sellers with an intuitive digital platform and tools to make carbon trading and investment simple. Users will have access to Seagrass Carbon Map, which brings together a wide range of data points on the real-world impact of projects, including environmental, economic and project information. Created in collaboration with Inacta, Esri Sverige, MSCI Carbon Markets, OroraTech and The Hashgraph Association, the application will also support ongoing engagement between Seagrass users and project developers.

ACX (AirCarbon Exchange) is the exchange software and infrastructure provider for the Seagrass marketplace, offering an integrated exchange, custody and clearing services to users. ACX is the world’s first regulated carbon credit exchange and clearing house, established in the ADGM.

To learn more about Seagrass, please visit: www.seagrass-climate.com

About Seagrass
Seagrass is a climate action company focused on unlocking the potential of the carbon markets and transforming carbon finance to accelerate the transition to net zero. A wholly-owned subsidiary of E.ON, one of Europe’s largest operators of energy networks and energy infrastructure, Seagrass is headquartered in the Abu Dhabi Global Market (ADGM) financial centre. It is licensed by the ADGM Financial Services Regulatory Authority (FSRA) to arrange trades in environmental instruments.

About E.ON
E.ON is an international investor-owned energy company headquartered in Essen, Germany, which focuses on energy networks and customer solutions. As one of Europe’s largest energy companies, E.ON plays a leading role in shaping a clean, digital, decentralised world of energy. To this end, around 74,000 employees develop and sell products and solutions for private, commercial and industrial customers. Around 48 million customers purchase electricity, gas, digital products or solutions for electric mobility, energy efficiency and climate protection from E.ON.

For more information, please visit www.eon.com

Source : Seagrass, a global carbon marketplace and climate solutions company, launches in the United Arab Emirates

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HANGZHOU, China, Nov. 30, 2023 /PRNewswire/ — Hikvision announces the release of HikCentral Professional 2.5, an upgraded software for integrated security management. The new version features powerful application enhancements, streamlined functionality, and a broad spectrum of flexible add-on applications via the App Market, delivering customizable experience and effective day-to-day security management on a versatile platform.

Hikvision unveils enhanced HikCentral Professional 2.5 with add-on applications

Fred Wu, the Product Director at Hikvision, said, "The release of HikCentral Professional 2.5 is a significant milestone for us and our customers. The upgraded software enables effective management of a wider range of activities on a single platform. We’re excited to deliver this enhanced value to our customers."

Versatile add-on applications for diverse business requirements

HikCentral Professional 2.5 allows users to either opt for a full-scale installation or take a flexible approach, expanding their systems with additional features when necessary. With 15 optional add-on applications, HikCentral Professional 2.5 covers extensive businesses and security demands – from office buildings, logistic parks to bus stations. These add-ons include state-of-the-art features like smart walls, parking lot management, attendance management, on-board monitoring, portable enforcement, evidence management, AR, guard patrol, commercial display, security inspection, and more.

The new portable enforcement application greatly improves on-field security operations and management, enhancing the safety and efficiency of personnel with features such as pre-departure checks, real-time communication, and comprehensive duty records. Additionally, enhancements have been made to video, access control, on-board monitoring, which now offer advanced functionalities.

Simplified operations for a better user experience

HikCentral Professional 2.5 is designed to be user-friendly. The software’s base package, consisting of video and access control, offers a foundation that requires only an i3-CPU and 4 GB RAM, making it easily accessible to most users.

Moreover, users will find an intuitive interface complete with wizard-guided operations, visualized metrics, AR live interactions, and dynamic E-Maps that facilitate data analysis, alarm management, and event tracking, promoting operational efficiency across various sites.

Stronger integration capabilities with OpenAPIs

The open architecture of HikCentral Professional 2.5 allows for seamless integration to various systems (e.g., WMS, AMS/CMS, BMS) and the management of third-party devices (e.g., cameras, alarm panels, HVACs, NVRs) through standardized protocols like Onvif, BACnet, and SIA.

The inclusion of professional APIs and a web-based no-plugin solution ensure functionality extension beyond security to meet diverse demands and requirements. Meanwhile, the accessible technical documentation and sample codes help users ease the system construction process.

To explore more about the HikCentral Professional 2.5 and its new enhancements, please click here.

Source : Hikvision unveils enhanced HikCentral Professional 2.5 with add-on applications

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