LAS VEGAS, Nov. 2, 2023 /PRNewswire/ — Effective on April 14, 2023, NEM 3.0 has changed the solar landscape in California. It has moved from offering a credit equivalent to the retail electricity rate for exported solar production to a time-of-use rate structure. This means that solar energy sold to the grid during off-peak hours will earn lower returns, while energy sold during peak hours will receive higher prices. As standalone solar systems require longer payback period, homeowners are increasingly motivated to integrate battery storage into their solar setups to reduce costs and potentially earn compensation for selling energy back to the grid.

BLUETTI, a leading energy storage company, has announced a comprehensive solution to navigate California’s new net billing tariff, also known as "NEM 3.0". This innovative solution, centered around the BLUETTI EP900 and EP800 energy storage systems, promises to maximize homeowners’ return on investment (ROI) and enhance their energy independence.

The EP900 on/off-grid energy storage system, with its hybrid inverter EP900 and customizable battery packs (2 to 4 B500), can store up to 19.8kWh of electricity and deliver up to 9,000W power. Compatible with a variety of solar panels, the system enables homeowners to store excess solar energy generated during the day and switch to battery power automatically during peak times with a simple configuration on BLUETTI’s app. This greatly decreases the reliance on expensive peak power and maximizes savings. Users can also configure the EP900 system to sell excess power back to the grid during high compensation periods, maximizing credits and further increasing financial return.

For homeowners with smaller solar systems who don’t have that much excess power to sell back to the grid, the BLUETTI EP800 off-grid energy storage system is the perfect approach with a more appealing price and easier adoption. Sharing the same B500 battery with the EP900, the EP800 battery system is scalable up to a maximum of 19.8kWh. It allows users to store excess daytime solar-generated electricity in the battery for use during peak hours, significantly reducing electricity costs. Additionally, the EP800 can serve as an emergency backup power source. Once a power outage occurs, the EP800 kicks in within 20 milliseconds, too fast for homeowners to even realize that an outage just happened (The EP900’s UPS function is even faster at 10ms), ensuring a continuous power supply. With a high power output of 7,600W and dual voltage (120V and 240V), this EP800 system can power all household appliances, from refrigerators to water heaters, from dryers to electric vehicles. Homeowners are protected from power outages and have a peaceful and uninterrupted life. For those residing in remote areas, the EP800 system, when combined with solar arrays, also serves as a perfect substitute for the utility grid, empowering homeowners to achieve energy independence.

Easy to install and operate, BLUETTI’s innovative EP800 and EP900 energy storage systems provide California homeowners with an easy way to adapt to the NEM 3.0 rule. These energy storage systems deliver the flexibility to maximize returns and ensure uninterrupted power during outages. Check more at https://www.bluettipower.com/

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Source : BLUETTI's Latest ESS Helps California Homeowners Combat NEM3.0's Costly Revenue Losses

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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

SHENZHEN, China, Nov. 2, 2023 /PRNewswire/ — AtomStack, a pioneer in laser engraving production and research, has officially unveiled the world’s first open-frame laser engraving machine series manufactured using an unibody molding process. This breakthrough introduces unprecedented stability and precision in laser engraving and cutting while greatly reducing the complexity of installation and usage. Accompanying this release is a range of specially designed accessories, including the Automatic Conveyor, B3 Enclosure, F60 Air Assist Set, all of which elevate the efficiency and safety of laser engraving machines to unprecedented levels.

The new AtomStack A series utilizes a brand-new manufacturing process, with the machine body crafted from a single piece of high-quality aluminum alloy. This design enhances the machine’s structural integrity, stability during operation, and precision. Before leaving the factory, each machine undergoes meticulous calibration to ensure that users can start using it within minutes of unpacking, thanks to the straightforward laser head installation.

Furthermore, the new AtomStack A series employs state-of-the-art linear guides for both the X and Y axes, along with components made from premium stainless steel, ensuring unparalleled smooth and stable motion of the laser head. The maximum effective movement speed of the laser head reaches an astonishing 600mm/s.

In terms of laser engraving and cutting efficiency, the adoption of the latest encapsulation technology results in higher energy density of the laser beam and a smaller spot size. The AtomStack A24 Pro boasts a laser power of 24W, with a minimum spot size of only 0.06mm x 0.06mm, rivaling the performance of a 300W CO2 laser engraving machine at a significantly lower cost.

Regarding specialized accessories, the Automatic Conveyor effectively expands the range of engraving and cutting, with its unique design ensuring smooth object movement without jams. The B3 Enclosure not only provides a highly sealed working space to prevent smoke leakage during operation but also integrates a Lightburn camera for precise and intuitive positioning of engravings and cuts. The all-new F60 Air Assist Set delivers robust airflow for a smoother, faster, and more aesthetically pleasing cutting effect.

The all-new AtomStack A series is now available on the official website, www.atomstack.com. This product line underscores AtomStack’s commitment to providing efficient and user-friendly products to laser engraving enthusiasts, both new and seasoned, while bringing joy to their creative endeavors.

Source : AtomStack Introduces the World's First Unibody Open-Frame Laser Engraving Machine Series, AtomStack A6 Pro, A12 Pro, and A24 Pro

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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

BEIJING, Nov. 2, 2023 /PRNewswire/ — A key financial meeting was held in Beijing on Monday and Tuesday to set the tone on China’s financial development.

The twice-a-decade central financial work conference is the highest profile financial meeting in China and charts the course for the country’s financial development and reform in the next stage.

A highlight of this year’s conference is the appearance of several new terms, including building a "leading financial nation" and exploring "the path of financial development with Chinese characteristics," sending new signals for China’s future financial work, according to analysis.

Putting forward the notion of building "a leading financial nation" reveals that finance has played an increasingly important role and position in the whole national economy, said Liu Xiaochun, affiliated professor of Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University.

High-level financial opening-up

The conference emphasized efforts to promote high-level financial opening-up.

It is necessary to steadily expand institutional opening-up in the sector, improve cross-border investment and financing facilitation, aiming to attract more foreign financial institutions and long-term capital to develop businesses in China, said the conference.

In future, China will strive to make sure that its financial rules will be geared to international economic and trade rules and its current opening-up becomes more transparent and predictable, chief economist at Bank of China Securities Guan Tao told CMG.

Guan noted that China will further promote the marketization, rule of law and internationalization of its financial market by making good use of free trade zones, free trade ports and some financial centers.

The meeting urged to improve the competitiveness and influence of Shanghai as an international financial center and the status of Hong Kong as an international financial center.

Measures should also be taken to guard against foreign-related economic risks in the process of expanding opening-up, Guan added.

By the end of September, 202 banks from 52 countries and regions had set up institutions in China.

Data also shows that 1,110 overseas institutions had gained access to China’s bond market, with holdings topping 3.3 trillion yuan by the end of September.

Ensuring national financial security

Aligned with opening-up, financial security is also highlighted in the conference.

It stressed the necessity to ensure national financial and economic security, and that preventing financial risks must be the eternal theme of the financial sector.

From 2014 to September 2023, China saw its outstanding yuan-denominated loans issued to the real economy shoot up to over 230 trillion yuan (about $32.04 trillion) from 81.43 trillion yuan, with an average annual growth of 10 percent, generally in line with the nominal GDP growth, data from the People’s Bank of China (PBOC) reveals.

However, with the various problems intertwined in the financial sector, the meeting said that there are still hidden economic and financial risks, such as the occurrence of financial corruption, and low efficiency of the financial sector serving the real economy.

"The meeting put forward a series of requirements for the next step in financial regulation. It provides guidance and compliance for strengthening and improving financial supervision, filling regulatory gaps and improving the effectiveness of supervision in the future," said Guan.

Noting the focus of the central financial work conference is advancing the building of a leading financial nation, Guan said that finance is the blood of the national economy and an important part of the country’s core competitiveness, "therefore, to build a leading financial nation is need for a leading economic nation."

https://news.cgtn.com/news/2023-11-01/How-China-will-expand-financial-opening-up-after-key-meeting–1onnU4kyk6c/index.html

Source : CGTN：How China will expand financial opening-up after key meeting

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SEOUL, South Korea, Nov. 2, 2023 /PRNewswire/ — GLN International Inc, a subsidiary of Hana Bank, is pleased to announce its participation as a Korean payment scheme in the SGQR+ POC (Proof of Concept, spearheaded by the Monetary Authority of Singapore (MAS). This milestone has been made possible through our valued partner, Liquid Group from Singapore.

The POC, to be conducted from November 1st to 30th of 2023, will allow GLN users in Singapore to make simple and easy payments at participating merchants at the Singapore Fintech Festival and in the Changi district using the SGQR label. GLN members like "Hana 1Q" from Hana Bank, "Kookmin Wallet" from Kookmin Bank, "Toss," and "Hana Money" from Hana Card without exchanging the currency directly.

GLN, which started providing mobile-based QR code payment services at 12,000 merchants in Singapore with Liquid Group in September last year, plans to expand its services to merchants in Singapore by participating in the SGQR+ POC project.

In addition, GLN is preparing for its inaugural participation in the upcoming Singapore FinTech Festival, scheduled from November 15th to 17th, 2023. This prestigious event[1], organized by the Monetary Authority of Singapore (MAS) since 2016, is renowned as the world’s largest fintech gathering, attracting over 62,000 participants from 115 countries worldwide. During the festival, GLN will showcase its expansive global network and a wide range of services, including innovative mobile cross-border payments, mobile ATM cash withdrawals, and instant overseas remittance solutions.

Kim Kyung-ho, CEO of GLN International, expressed their enthusiasm, stating, "We are delighted to be a part of the SGQR+ POC project in Singapore, a nation that serves as a financial hub in Southeast Asia. Our aim is to enhance payment experiences for both domestic and international customers, making them more convenient and substantial." In light of the rapid growth of QR payments in both domestic and international markets, GLN is committed to strengthening collaborations with major fintech institutions from around the world. GLN will also use the platform of this year’s Singapore FinTech Festival to spearhead the transformation of the global payment market paradigm."

[1] The Singapore FinTech Festival is organised by MAS, Elevandi (a not-for-profit entity set up by the MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore and globally) and Constellar (a global player in the Meetings, Incentives, Conventions and Exhibitions industry), in collaboration with The Association of Banks in Singapore.

Source : GLN International: Sole Korean Participant in Singapore's National QR Payment Proof of Concept (SGQR+ POC)

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SHENZHEN, China, Nov. 2, 2023 /PRNewswire/ — On Oct. 31, 2023, Shenzhen Chipscreen Biosciences Co., Ltd. (hereinafter referred to as "Chipscreen" and with stock code 688321.SH) received the "Drug Clinical Trial Approval Notice" issued by the National Medical Products Administration ("NMPA") through its wholly-owned subsidiary, Chengdu Chipscreen Pharmaceutical Co., Ltd. The notice grants approval for conducting clinical trials of CS32582 capsules in the treatment of psoriasis.

CS32582 is a novel small molecule and highly selective allosteric inhibitor of Tyrosine Kinase 2 (TYK2) independently developed by Chipscreen. It achieves selective inhibition of TYK2 by specifically binding to its regulatory pseudokinase JH2 domain. Importantly, CS32582 will not inhibit the JAK1, JAK2 and JAK3 of the same family at therapeutic doses. This characteristic ensures both therapeutic efficacy and a favorable safety profile.

CS32582 effectively inhibits TYK2, thereby blocking downstream signaling pathways mediated by cytokines such as interleukin (IL)-23, IL-12, and interferon (IFN) type I. This action contributes to its therapeutic effect in autoimmune diseases like psoriasis. Preclinical studies have demonstrated its significant therapeutic efficacy in mouse models of psoriasis.

About Psoriasis

Psoriasis is an immune-mediated, chronic, relapsing, inflammatory, and systemic disease induced by the combined effects of genetics and the environment. It is also associated with several potential comorbidities that can impact the patients’ health, including psoriatic arthritis, cardiovascular disease, metabolic syndrome, obesity, diabetes, inflammatory bowel disease, and depression, significantly affecting the patients’ quality of life[1].

Traditional systemic oral therapies are non-targeted drugs, often associated with undesired side effects and long-term safety concerns. Striking a balance between benefits and risks remains a significant challenge, and there is an urgent need for safe and effective new targeted oral therapies[2].

Small molecule targeted oral medications offer superior efficacy and safety compared to traditional systemic therapies. Currently, the TYK2 inhibitor Deucravacitinib tablet is the only globally approved oral medication for treating adult patients with moderate to severe plaque psoriasis who are candidates for systemic treatment or phototherapy[3].

Now, CS32582 holds potential therapeutic value for autoimmune diseases like psoriasis that are mediated by cytokines such as IL-23, IL-12, and type I IFN. It is expected to offer patients a treatment choice with better efficacy and safety compared to existing clinical drugs.

About Chipscreen

Chipscreen is a modern biopharmaceutical company founded in 2001 by a seasoned team of professionals who returned to China after studying in the United States. The company specializes in the development of original new molecular entity drugs and is committed to providing innovative drugs with revolutionary therapeutic effects that are affordable for patients worldwide and are in high clinical demand.

Leveraging its independently created state-of-the-art "Chemical Genomics-Based Integrated Drug Discovery and Early Evaluation Platform", Chipscreen has developed multiple original drug product lines in five significant disease areas, including oncology, metabolic diseases, autoimmune diseases, central nervous system disorders, and antiviral therapies. These product lines include chidamide ( Tucidinostat marketed), chiglitazar ( Carfloglitazar marketed), chiauranib (Ibcasertib in pivotal phase III clinical trial), and CS12192 (phase I clinical trial currently underway).

Currently, Chipscreen has established a global presence through its headquarters and R&D center in Shenzhen, with a wholly-owned subsidiary "Shenzhen Chipscreen Pharmaceuticals Co., Ltd." serving as a GMP production base. Additionally, it has a regional headquarters/R&D center/innovative drug production base – "Chengdu Chipscreen Pharmaceuticals Co., Ltd." focusing on the field of small-molecule innovative drugs, and a subsidiary "Chengdu Chipscreen Newway Biosciences Co., Ltd." dedicated to the development of large molecules and other novel therapeutic technologies. The company also maintains branches in Beijing (Clinical Research Center) and Shanghai (Business Center). Furthermore, Chipscreen extends its global footprint, with Chipscreen Biosciences (United States) Limited set up for global clinic development in the United States, embodying a comprehensive globalization strategy.

REFERENCES

[1] Chinese Medical Association, Chinese Medical Journal, Dermatology Branch of Chinese Medical Association, etc. Guidelines for the Diagnosis and Treatment of Psoriasis (2022) [J]. Chinese Journal of General Practitioners, 2022, 21(8):705-714.
[2] Martin G. Novel Therapies in Plaque Psoriasis: A Review of Tyrosine Kinase 2 Inhibitors[J]. Dermatol Ther (Heidelb). 2023 Feb;13(2):417-435.
[3] FDA. SOTYKTU (deucravacitinib) tablets Label. 2022.9.

Source : Chipscreen's New Drug Candidate CS32582 Capsules Approved for Clinical Treatment of Psoriasis

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XIAMEN, China, Nov. 2, 2023 /PRNewswire/ — The 24th Conference on the Electric Power Supply Industry (CEPSI) opened on Friday in China’s Xiamen on October 20, 2023.

This Conference is hosted by the Association of the Electricity Supply Industry of East Asia and the Western Pacific (AESIEAP) and China Electricity Council and co-hosted by 18 major Chinese power enterprises and organizations. Taking "Low Carbon Energy Powering a Green Future" as its theme, this is the first time in nearly 20 years since 2004 that the CEPSI is held again on the Chinese mainland. It is also another international event this year following the 3rd Belt and Road International Cooperation Summit Forum.

The conference lasted three days. In addition to keynote speeches, AESIEAP Technical Committee also released special reports. Eleven special topic paper exchange sessions were held. Three parallel side meetings were also organized. A variety of activities such as cultural night, exhibitions, visits were carried out to provide multidimensional, cross-domain platforms for communication and cooperation among attendees and representatives. The total area of the exhibition area is about 17,500 square meters, showcasing the achievements of AESIEAP member units. Approximately 3,000 guests from nearly 600 organizations including government departments, power companies, industry associations, research organizations and universities from over 50 countries and regions participated in the conference. The convening of the conference signifies that Asia-Pacific energy cooperation and communication has entered a new stage, and an important step has been taken towards creating an Asia-Pacific power community with a shared future.

At the closing ceremony on the evening of the 22nd, a flag handover ceremony was held. Singapore will take over as the Chair Country of AESIEAP for 2024-2025. AESIEAP will continue upholding the concept of Asia-Pacific community with a shared future and jointly create a brighter future for power development in the Asia-Pacific region.

Source : The 24th Conference on the Electric Power Supply Industry Convenes in Xiamen

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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

LONDON and SAN FRANCISCO, Nov. 2, 2023 /PRNewswire/ — Bullish, the leading regulated, institutional digital assets exchange, today announced that FalconX, the world’s largest institutional digital asset prime broker, now has access to trading on Bullish.

Following the integration, FalconX gains access to a broad and deep pool of liquidity through Bullish’s market-leading depth and near-zero spreads in the largest digital asset trading pairs. Renowned for providing access to deep liquidity pools, FalconX will, through this partnership, further optimize trade execution and risk management for its institutional clients across all market conditions.

FalconX has established itself as a trusted trading partner to a diverse range of institutional market participants, including some of the world’s largest financial institutions, hedge funds, asset managers, and venture capital firms. The prime brokerage platform, FalconX 360, is globally recognised for providing access to some of the deepest global digital asset liquidity, of which Bullish is now a key contributor.

Since its launch in November 2021, Bullish exchange has traded over $275 billion in total volume and consistently ranks among the top three global exchanges by trading volume for Bitcoin and ETH. Bullish has quickly become a top-tier institutional digital assets exchange, known for leveraging its proprietary automated market making (AMM) technology to offer best execution trading, deep liquidity and tight spreads in the largest digital asset pairs in crypto. Regulated by the Gibraltar Financial Services Commission (GFSC) and audited by Deloitte, Bullish exchange brings the best innovations of AMM technology off-chain to offer a unique, reliable source of liquidity – all within the compliant and regulated framework of a centralized exchange.

"The foundation of our partnership with Bullish is rooted in our shared commitment to consistently provide the best liquidity to institutional clients when they need it most. Bullish’s reliable and transparent depth in the largest crypto trading pairs expands our client offering and strengthens our position as the institutional adoption of digital assets continues to accelerate," said Matthew Long, APAC General Manager at FalconX.

"We are excited to welcome FalconX to join the expanding network of institutional clients at Bullish. Our partnership is aimed at enabling FalconX to achieve their customers’ trading ambitions by delivering our best execution and low-cost, reliable liquidity," said Tom Farley, Bullish CEO. "This partnership further demonstrates the increasing number of high-quality institutional players who see Bullish as their exchange of choice."

To learn more, email [email protected] and [email protected].

Media Contacts

Bullish

[email protected] 

FalconX

[email protected] 

FalconX (APAC)

[email protected]

About Bullish

With a focus on developing products and services for the institutional digital assets sector, Bullish has rewired the traditional exchange to benefit asset holders, enable traders and increase market transparency. Supported by the group’s well-capitalized treasury, Bullish’s centralized exchange combines a high-performance central limit order book (CLOB) with proprietary automated market making technology to deliver deep liquidity and tight spreads – all within a compliant and regulated framework.

Launched in November 2021, the exchange is available in 50+ select jurisdictions in Asia Pacific, Europe, Africa, and Latin America. Bullish exchange is operated by Bullish (GI) Limited and is regulated by the Gibraltar Financial Services Commission (GFSC) (DLT license: FSC1038FSA). For more information on the Bullish exchange, please visit bullish.com and follow LinkedIn and X.

About FalconX

FalconX is the largest, most reliable prime brokerage for the world’s leading institutions and the first CFTC registered swap dealer. We provide the most comprehensive access to the deepest global digital asset liquidity. Through our prime brokerage platform, FalconX 360, investors unlock and scale returns faster and more efficiently than any other platform. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate dynamic markets around the clock.

The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, Chicago, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow them on X and LinkedIn.

Source : Bullish and FalconX partner to deliver institutional clients access to deep liquidity and best execution crypto trading

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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