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OKX Celebrates One Year of Monthly Proof of Reserves, with 12th Monthly Report Showing US$12.5bn in Primary Assets

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OKX sets industry standards over past year with new features and improvements including zero-knowledge and Merkle tree technology, plus increased asset coverage Industry recognition includes highest quality rating among major exchanges by expert Nic Carter

HONG KONG, Oct. 31, 2023 /PRNewswire/ — OKX, a leading global Web3 technology company and crypto exchange, today published its industry-best 12th monthly Proof of Reserves (PoR), showing US$12.5 billion in primary assets backing user funds.

The monthly disclosure marks a full year of PoR reports, during which OKX drove the industry’s adoption of new standards by adding new features and improvements such as zero-knowledge proofs, Merkle tree technology and increased asset coverage.

As a leading global voice on PoR, OKX also held monthly AMAs to engage the crypto community over the last 12 months, featuring OKX President Hong Fang, CMO Haider Rafique, Global Chief Commercial Officer Lennix Lai and moderated by well-known crypto influencers such as Nic Carter, Daniel Borovik and David Gokhshtein.

OKX’s PoR covers 22 commonly used digital assets and shows that OKX has maintained a reserve ratio exceeding 100% for 12 consecutive months across all assets. In addition to BTC, ETH and USDT, the assets included are: USDC, XRP, DOGE, SOL, OKB, APT, DASH, DOT, ELF, EOS, ETC, FIL, LINK, LTC, OKT, PEOPLE, TON, TRX and UNI.

OKX’s current reserve ratios are as follows:

BTC: 103% ETH: 103% USDT: 103%

OKX’s approach to Proof of Reserves has been continuously iterated and improved, and recently was given the highest quality rating among major exchanges by blockchain expert Nic Carter.

OKX consistently enhanced its Proof of Reserves in the past year. Significant milestones include:

November 2022 – OKX First Proof of Reserves OKX becomes one of the first major crypto exchanges to publish Proof of Reserves March 2023 – Merkle Tree Upgrade OKX upgrades the transparency of Proof of Reserves, making the full liability Merkle tree publicly available while safeguarding user privacy April 2023 – zk-STARK Upgrade OKX introduces zk-STARK technology to Proof of Reserves, allowing users to independently verify exchange solvency and confirm their assets are backed April 2023 – Increased Asset Coverage OKX increases Proof of Reserves assets coverage to 22 popular cryptocurrencies publishing over 220,000 public wallet addresses September 2023 – Top-Ranked Proof of Reserves Expert Nic Carter ranks OKX’s Proof of Reserves as "highest quality" among major exchanges October 2023 – One Year of Proof of Reserves OKX publishes its 12th monthly Proof of Reserves report, celebrating first year of industry leadership

OKX Chief Marketing Officer Haider Rafique said: "This milestone represents twelve months of strong efforts to publish hundreds of thousands of blockchain addresses, implement zero-knowledge technology to allow trustless verification and consistently listen to feedback and improve the report. I’d like to take this opportunity to encourage you, whether you’re a user of OKX or not, to take a new look at our Proof of Reserves as we set the standard for a crypto industry that stands for trust and transparency, always."

OKX has seen hundreds of thousands of users engage with its PoR, visit its PoR page and view their self-audits since first launching its PoR page in November 2022. The open-source verification tool allows users to independently verify OKX’s solvency and confirm their assets are backed by OKX reserves while maintaining their privacy.

Momentum around Proof of Reserves as an industry standard has been building this year, with two US Senators recently proposing mandatory PoR in the PROOF Act unveiled in October 2023.

Users can view the latest PoR report, reserve ratios, and verify OKX’s solvency here.

About OKX
OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer
This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Source : OKX Celebrates One Year of Monthly Proof of Reserves, with 12th Monthly Report Showing US$12.5bn in Primary Assets

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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

Celebrating the 10th Anniversary of the Belt and Road Initiative: Tsinghua University Highlights Roles of Tsinghua People in Promoting Global Development

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The famous sundial standing right in front of the Auditorium. The four Chinese characters, “行胜于言(Actions Speak Louder than Words)”, has reminded every passerby of the Tsinghua spirit.

BEIJING, Oct. 30, 2023 /PRNewswire/ — Professors, students, and alumni of Tsinghua University shared their experiences of bringing innovative ideas and efforts that facilitate global progress and build an interconnected world through their involvement in the Belt and Road Initiative (BRI).

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Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9220851-tsinghua-university-highlights-tsinghua-people-promoting-global-development/

The interviews are part of an initiative launched by the Belt and Road Institute of Tsinghua University to celebrate the 10th anniversary of the BRI in 2023. Video released on YouTube highlights a decade of impact delivered by the members of the Tsinghua community, who have played a pivotal role in this transformative global movement through academic exchanges and strengthening critical infrastructure in countries along the BRI.

Zhao Kejin, Professor and Deputy Dean of the School of Social Sciences of Tsinghua University, was among the faculty members who were engaged in the early development of BRI. He and his colleagues participated in meetings organized by relevant ministries and commissions and provided insightful input to the government through reports. In 2017, he joined a team that spearheaded the establishment of the Belt and Road Devos Forum, showcasing China’s solutions that address global issues on a world-class platform with the goal of "conveying China’s voice and explaining China’s policies in the heart of the world’s economy." 

Shi Zhiqin, Executive Dean of Belt and Road Institute, Tsinghua University, explained the role of the University as a "policy advisor" that undertakes major research and works in collaboration with China’s leading think tanks to guide the BRI’s strategic development.

"Biases often arise from a lack of understanding, so first-hand information is crucial," said Hu Yu, Professor at the School of Journalism and Communication and Lecturer in Global Competence and Overseas Practice at Tsinghua University. To foster greater mutual understanding between China and other countries, he organized a series of academic and cultural exchanges, aiding both students and University staff in gaining insight into different cultures and societies.

Zheng Hao, a postgraduate student in Civil Engineering, is one of the student representatives who participated in the UN Asia Pacific Youth Exchange Program. She conducted research in the underserved regions of Thailand, an experience that sparked her aspiration to become a "global civil servant".

Cao Fengze, Assistant Director of the Africa Branch at Sinohydro Bureau 11 Co., Ltd. and an alumnus of Tsinghua University, shared the inspirational journey that helped him discover personal values for the global community through his involvement in infrastructure projects across Africa.

Built in commemoration of the 65th anniversary of Sino-Egyptian diplomatic relations in 2021, a tower, soaring 385 meters into the skyline of a new CBD located in Egypt’s new capital, stands poised to claim the title of Africa’s tallest skyscraper. Zhang Yiqing, a Tsinghua alumnus and General Manager behind the landmark project, explained the design elements that both demonstrate China’s expertise in construction and symbolize the enduring bonds between the two nations.


The famous sundial standing right in front of the Auditorium. The four Chinese characters, “行胜于言(Actions Speak Louder than Words)”, has reminded every passerby of the Tsinghua spirit.


A lecturer passionately teaching a group of attentive students at Tsinghua University.


The Tsinghua University International Students and Scholars Gala Night is a festive celebration welcoming the new year.


A senior lecturer and students deep in conversation in a dedicated study area.


No Sports, No Tsinghua: Students participating in a thrilling dragon boat racing event.

Source : Celebrating the 10th Anniversary of the Belt and Road Initiative: Tsinghua University Highlights Roles of Tsinghua People in Promoting Global Development

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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

Global Times: Xi Jinping Thought on Culture guides China's cultural development

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BEIJING, Oct. 30, 2023 /PRNewswire/ — Chinese President Xi Jinping not only greatly values culture, he has also developed a profound understanding of it.

For the president, culture plays a unique and irreplaceable role in the rejuvenation of the Chinese nation and the building of a global community of shared future. 

He speaks for Chinese wisdom, which has been passed down for millennia, ­advocates for mutual prosperity of global civilizations, welcomes the ­flourishing of popular cultural products, and ­encourages young people to inherit and reinvent their proud traditions.

This issue emphasizes Xi Jinping Thought on Culture, and how it holds theoretical and practical significance for further strengthening cultural development, fostering cultural confidence, building a modern Chinese civilization for the Chinese nation and advancing modernization around the globe.

At the recent national meeting on the work of public communication and culture held in Beijing earlier in October, Xi Jinping Thought on Culture was put forward for the first time.

An instruction by President Xi Jinping was conveyed at the meeting. In the instruction, he stressed building stronger cultural confidence, ­following the approach of openness and ­inclusiveness, and upholding fundamental principles while breaking new ground to provide a strong ideological guarantee, spiritual strength and favorable cultural conditions for building a modern socialist country in all respects and advancing the great rejuvenation of the Chinese nation on all fronts.

Experts believe culture serves as the soul and vital force for the survival and development of a nation. Without a high degree of cultural confidence and cultural prosperity, there can be no great rejuvenation of the Chinese nation. The promotion and flourishing of socialist culture are essential for the comprehensive development of the socialist modernization and great rejuvenation of the Chinese nation.

Xi Jinping Thought on Culture is a summary of the practice and a crystallization of theory concerning cultural preservation and development in the new era.

On July 1, 2021, during the celebration of the 100th anniversary of the founding of the CPC, ­Beijing’s Tian’anmen Square bore witness to a ­solemn declaration proposed by Xi: "We must continue to adapt the basic tenets of Marxism to China’s specific realities and its fine traditional culture."

The declaration prompted strong resonance in the fields of ideology, theory, and culture, signifying the maturity of theoretical achievements in cultural construction.

Experts have pointed out that the timing of the introduction of Xi Jinping Thought on Culture is significant as China already has a strong "hard power," and it allows the nation to internally unify its historical cultural wealth and enhance its confidence, while also creating China’s "soft power" on the international stage. This is reflected in the "requirements in seven aspects" Xi made in the recent national meeting.

Wang Xuebin, a professor at the Party School of the CPC Central Committee (National Academy of Governance), told the Global Times that each of the seven aspects performs its own duties, and is interconnected internally and externally. "Xi Jinping Thought on Culture is a theoretical summary of the practical experience of the CPC’s cultural construction leadership in the new era. It enriches and develops Marxist cultural theory and constitutes the cultural chapter of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era." 

"President Xi has set new cultural standards, aimed at enhancing cultural prosperity and ­positioning China as a global leader in culture. His vision seeks to elevate modern Chinese civilization with a fresh and distinctive perspective," Mahnoor Makhdoom, an editor at China Affairs, The Daily Mail of Pakistan, told the Global Times. 

New culture in the new era

For experts, "promoting the creative transformation and development of fine traditional Chinese culture" means to better inherit China’s profound traditional culture as a part of the excellent culture of modern China.

Xi has demonstrated a deep commitment to cultural heritage and cultural artifacts, having visited more than 100 historical sites such as the Confucius Temple, Dunhuang Mogao Caves, Sansu Temple, and the Yin ­Ruins, and made over 170 directives and instructions regarding cultural relics, archaeology, and intangible cultural heritage. 

Lei Xingshan, president of Beijing Union University, told the Global Times that China has actively promoted the legalization of cultural heritage protection and the return of lost cultural relics from abroad. This has invigorated the national spirit and strengthened cultural confidence.

In the realm of cultural inheritance and development, Xi has accurately grasped the inherent principles and scientific methods for dealing with China’s fine traditional culture. This paves the way for the continuation of Chinese culture and points toward its future development in the new era.

Tang Fei, chief of the Sichuan Provincial Cultural Relics and Archaeology Research Institute, told the Global Times that Xi Jinping Thought on Culture naturally aligns with the nation’s development in the field of culture and its international image. It is a guiding light in these efforts.

"Sanxingdui culture, representing the ancient Shu civilization, is one of the outstanding representatives of Chinese culture. It showcases the majority of the five prominent features of Chinese civilization," Tang said, adding that in the construction of civilization in the new era, the institute will strive to tell the story of the ancient Shu culture behind Sanxingdui to the world and strengthen talent development and cultural artifact restoration.

Su Dan, deputy curator of the China National Arts and Crafts Museum, told the Global Times that innovation is the norm for cultural development in the new era.

For example, the China National Arts and Crafts Museum, also known as the China Intangible Cultural Heritage Museum, is primarily responsible for the research and promotion of China’s intangible cultural heritage. Over the past two years, the museum has organized more than 20 exhibitions related to intangible cultural heritage and hosted nearly 100 related cultural and educational events, receiving praise from the public.

Confidence leads to strength. A nation with cultural confidence can stand firm and achieve greatness. In the new era, the cultural confidence of young people is essential for carrying on their country’s culture.

Taking inspiration from China’s traditional yunjin brocade, Chen Liwen, a Chinese designer in her mid-20s, has turned the 700-year-old intangible cultural heritage into a new fashion trend that appears in people’s everyday lives through her fashion collections like the "Tiger Sniffs the Rose," which was inspired by the iconic brocade pattern known as "tiger patch." 

"It made me feel so confident and almost privileged to be able to grow up surrounded by Chinese culture. That was the moment I became committed to yunjin [brocade]," Chen told the Global Times. 

A third-generation inheritor, Langjia Ziyu, 28, is also an "innovator" who seeks to revive Beijing dough figures, a traditional folk art that is listed in China as a protected intangible cultural heritage. 

"Young inheritors’ power is at they are walking proof of the continuity of traditional Chinese culture. Their creative works have a life force that can challenge stereotypes," culture expert Fang Qiongyi told the Global Times. 

Chinese civilization has always been known for its openness and inclusivity, continuously revitalizing itself through interactions with other cultures, which has been concluded into the aspect of "enhancing international communication capacity and promoting exchanges and mutual learning among civilizations."

For instance, the ancient Silk Road has witnessed China’s exchanges with the world since the Western Han Dynasty (206BC-AD25). 

Ma Lüwei, an archaeologist, told the Global Times that "cultural diversity" is a fundamental keyword to understanding the Chinese civilization.

As a hub of the ancient Silk Road, Northwest China’s Xinjiang Uygur Autonomous Region is "­living proof" of how diverse ethnic beliefs were embraced by China. In the Xinjiang Museum, a Tang Dynasty (618-907) mooncake, made through the merger of the culinary cultures of both the Western Region and Central Plains, is a good example. 

Ma told the Global Times that cultural exchanges are not only among ethnic groups but also extend to other parts of the world such as Central Asian countries like Uzbekistan and European countries like Italy and France. In recent years, China has co-launched many archaeological projects with those countries to extend mutual learning in the contemporary age.

Pakistani editor Makhdoom believes that Xi’s cultural vision draws inspiration from his initiatives, such as the Global Civilization Initiative.

It is an undeniable fact that social and cultural development not only contributes to global peace and security, but also fosters socioeconomic growth worldwide. 

Therefore, President Xi’s cultural vision can be regarded as a roadmap to peace, security, development, and economic prosperity, aimed at transforming China into a modern socialist society capable of ensuring peaceful development and harmonious coexistence, with the ultimate goal of establishing a global community of shared future, Makhdoom said.

"China is undoubtedly recognized as a strong industrial, technological, financial, and defense powerhouse. However, it is now imperative to showcase the ­nation’s cultural and social heritage on the global stage. These segments of society can play a pivotal role in advancing China’s soft power by alignment with Xi’s vision," Makhdoom said.

Since September, by the banks of the Qiantang River, the Asian Games and Asian Para Games held in Hangzhou allowed the brilliance of technology and the beauty of humanity to shine together. This marked the beginning of a new era of Asian sports glory. The Games with Chinese characteristics, an Asian style, and exciting diversity showcased the diverse aspects of modern China and provided the world with a new window into understanding China.

Today’s China has become a nation where dreams are continually realized. Full of vitality and national spirit, it is closely connected to the world. China’s unique modernization has created a new form of human civilization and exhibits a new ­vision of modernization.

Li Xiaoyan is a director of Central Compilation and Translation Press, which has published many books about Xi, including the English edition of the collection of Xi’s diplomatic speeches. Li told the Global Times that China’s "hard power" is already robust, whether it’s in terms of infrastructure development, aerospace technology, overall national economic strength, or technological innovation. In addition, China has been playing an increasingly prominent role in international affairs, actively promoting global governance. 

For example, various world leaders have visited China, and under China’s mediation, Iran and Saudi Arabia announced the restoration of diplomatic relations. China’s foreign policy principles and the concept of a global community of shared future have gained widespread acceptance in the international community, which is a concrete manifestation of the world’s recognition of China’s ideas and value.

Ronnie Lins, director of the China-Brazil Center for Research and Business, told the Global Times that in the current global scenario, President Xi’s ideas on cultural development are precious and exemplify how the leader of a large nation should act for the benefit of humanity. 

He highlights the importance of cultural strengthening with a broad approach to openness and inclusion of fundamental principles. These elements are crucial for building a modern socialist country and assist in promoting the significant revitalization of the Chinese nation. 

The Global Civilization Initiative proposed by China underscores the need for tolerance, coexistence, exchanges, and mutual learning among different civilizations, which play an irreplaceable role in advancing the modernization of human civilization. 

"Among the main proposals, we highlight respect for the diversity of civilizations, defense of shared human values, and increased international exchanges and cooperation," Lins said.

Source : Global Times: Xi Jinping Thought on Culture guides China's cultural development

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STRADVISION Showcases Cutting-Edge Vision Perception Technologies at SV Roadshow 2023

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STRADVISION demonstrates its innovations at the SV Roadshow 2023, held globally from October to November.


SV Roadshow 2023: US & Europe in October and Japan & China in November For OEM and Tier 1 customers in the automotive industry

SEOUL, South Korea, Oct. 30, 2023 /PRNewswire/ — STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, demonstrates its innovations at the SV Roadshow 2023, held globally from October to November.


STRADVISION demonstrates its innovations at the SV Roadshow 2023, held globally from October to November.

The roadshow, spanning across the USA, Europe, Japan, and China, highlights SVNet, including FrontVision, SurroundVision, and MultiVision – groundbreaking technologies designed to revolutionize the future of autonomous driving and Advanced Driver-Assistance Systems (ADAS).

During the SV Roadshow 2023, STRADVISION showcased FrontVision, SurroundVision, and MultiVision, various and practical vision perception intelligence for all automotive applications with high accuracy performance on light and versatile platforms. The company also shared its newly organized product lineup and roadmap, a preview of which will be showcased at the upcoming CES 2024 in Las Vegas.

"In the dynamic landscape of autonomous driving and ADAS, automotive OEM customers are actively striving to integrate cutting-edge automotive technologies," said Junhwan Kim, CEO of STRADVISION. "At STRADVISION, we are dedicated to fueling this innovation by providing robust vision perception technologies. We are committed to supporting our customers’ eagerness to embrace driver-assist systems, offering them not just solutions, but the promise of a safer and more connected future on the roads."

At the core of STRADVISION’s innovations lies SVNet, an ultra-light, high-efficiency solution seamlessly integrating deep learning-based object recognition. Compatible with over 18 System-on-Chip (SoC) platforms, SVNet offers more than 30 object recognition functions. STRADVISION’s contributions to mass-producing vehicle models featuring autonomous driving capabilities at Level 2 or higher reflect its technical prowess and adaptability, positioning the company as an industry leader.

About STRADVISION 

Founded in 2014, STRADVISION is an automotive industry pioneer in artificial intelligence-based vision perception technology for ADAS. The company is accelerating the advent of fully autonomous vehicles by making ADAS features available at a fraction of the market cost compared with competitors. STRADVISION’s SVNet is being deployed on various vehicle models in partnership with OEMs; can power ADAS and autonomous vehicles worldwide; and is serviced by over 300 employees in Seoul, San Jose, Detroit, Tokyo, Shanghai, and Dusseldorf. STRADVISION has been honored with Frost & Sullivan’s 2022 Global Technology Innovation Leadership Award, the Gold Award at the 2022 and 2021 AutoSens Awards for Best-in-Class Software for Perception Systems, and the 2020 Autonomous Vehicle Technology ACES Award in Autonomy (software category). In addition, STRADVISION and its software have achieved TISAX’s AL3 standard for information security management, as well as being certified to the ISO 9001:2015 for Quality Management Systems and ISO 26262 for Automotive Functional Safety. 

Source : STRADVISION Showcases Cutting-Edge Vision Perception Technologies at SV Roadshow 2023

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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

Pulsecare Medical's nsPFA clinical trial receives satisfactory short-term follow-up results

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SHENZHEN, China, Oct. 30, 2023 /PRNewswire/ — Pulsecare Medical, an innovative minimally invasive and non-invasive therapeutic technology company, announced today that its nanosecond pulsed field ablation (nsPFA) system for cardiac electrophysiology, the world’s first third-generation pulsed field ablation (PFA) system, has received satisfactory short-term follow-up results from clinical trials.

PFA is a revolutionary ablation technology based on high-voltage pulsed energy and non-thermal irreversible electroporation (IRE) effect, which is considered an alternative new technology in the field of cardiac electrophysiology. Existing PFA devices all use second-generation microsecond pulse field ablation (μsPFA) technology, which may increase the difficulty of the ablation surgery due to high requirements for anesthesia caused by patient muscle contraction. Gas production caused by discharging in the blood may lead to an elevated risk of stroke.

The nsPFA system from Pulsecare Medical is the world’s first third generation of PFA technology to solve the above problems, which can output nanosecond high-voltage pulses with high repetition frequency. The nanosecond pulses can optimize the distribution of the therapeutic electric field, reduce muscle contraction, and improve the safety of the surgery. The nsPFA technology solves the problems of severe muscle contraction and high anesthesia requirements of μsPFA. The nsPFA procedure can be performed with analgesia only. This will lay an important foundation for the large-scale clinical application of PFA technology. With its excellent performance, the nsPFA system has been highly evaluated by many clinical experts in the clinical enrollment of more than 10 hospitals in China. Existing short-term follow-up data show remarkable clinical efficacy and extremely low recurrence rates.

"We will continue to build our nsPFA into a competitive product in the field of cardiac electrophysiology and enrich the comprehensive solutions. Also, we will continue to advance the research and development for the product pipeline of ultrasound RDN and multi-modal tumor ablation system based on the multi-modal energy platform", said Dr. Javen Tan, CEO of Pulsecare Medical.

About Pulsecare Medical

Pulsecare Medical is an innovative and fast-growing company, focusing on the research and development of medical devices for minimally invasive and non-invasive therapy. With deep technology accumulation, and high R&D efficiency, Pulsecare Medical has rapidly completed the development of four industry-leading multimodal energy platforms, including pulsed field ablation, radiofrequency, ultrasound, and plasma, and developed innovative treatment products in the fields of cardiac electrophysiology, tumor ablation, and hypertension treatment based on the advanced multimodal energy platform technology.

WEBSITE: http://www.pulsecare.cn/

CONTACT: [email protected]

Source : Pulsecare Medical's nsPFA clinical trial receives satisfactory short-term follow-up results

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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

Aker Horizons: Financial calendar

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LYSAKER, Norway, Oct. 30, 2023 /PRNewswire/ — Financial calendar for Aker Horizons ASA

FINANCIAL YEAR 2023

20.03.2024 – Annual Report

02.11.2023 – Quarterly Report – Q3
15.02.2024 – Quarterly Report – Q4

FINANCIAL YEAR 2024

16.07.2024 – Half-yearly Report
17.04.2024 – Annual General Meeting

30.04.2024 – Quarterly Report – Q1
01.11.2024 – Quarterly Report – Q3

This information is published pursuant to the requirements set out in the Continuing obligations.

For further information, please contact:

Marianne Stigset, Communications, Tel: +47 41 18 84 82,
[email protected]

Stian Andreassen, Investor Relations, +47 41 64 31 07,
[email protected]

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the transition to net zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company employs approximately 1,100 people in 18 countries on five continents. www.akerhorizons.com

 

Source : Aker Horizons: Financial calendar

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INEOS QUATTRO FINANCE 2 PLC ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OF ITS 3 3/8% SENIOR SECURED NOTES DUE 2026

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LONDON, Oct. 30, 2023 /PRNewswire/ — INEOS Quattro Finance 2 Plc (the "Offeror"), a company incorporated under the laws of England and Wales, announces today an offer to purchase any and all of its outstanding U.S.$500,000,000 33/8% Senior Secured Notes due 2026 (the "Securities"), issued by the Offeror and guaranteed by INEOS Quattro Holdings Limited ("IQHL"), a company incorporated under the laws of England and Wales and certain of its subsidiaries, for cash (the "Offer"). The terms and conditions of the Offer are described in an offer to purchase dated October 30, 2023 (the "Offer to Purchase"). Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.

Holders are advised to read carefully the Offer to Purchase for full details of, and information on the procedures for participating in, the Offer.

The following table sets forth certain information relating to pricing for the Offer.

 

Title of Security

ISIN

CUSIP

Principal Amount
Outstanding

 

 

 

Maturity Date

Purchase Price per
U.S.$1,000

 

 

 

Amount subject to
the Offer

33/8% Senior Secured Notes due 2026

US45674GAA22 /

USG4772GAA34

45674G AA2 / G4772G AA3

U.S.$500,000,000(1)

January 15, 2026

U.S.$950

Any and all

Note:
(1) The Offeror has discussed the Offer with certain of the Offeror’s ultimate shareholders and entities controlled by one or more of them ("Permitted Holders"), who collectively hold approximately U.S.$30,000,000 in aggregate principal amount of the Securities. Such Permitted Holders have informed the Offeror of their intention to tender some or all of their Securities for purchase pursuant to the Offer.

 

Purpose of the Offer

The purpose of the Offer is, amongst other things, to proactively manage the Offeror’s expected maturity profile. The Offer also provides Holders with the opportunity to sell their current holdings in the Securities, as more fully described in the Offer to Purchase.

The Offer

The Offeror will pay a Purchase Price per U.S.$1,000 principal amount of Securities validly tendered and not validly withdrawn prior to the Expiration Deadline (including those validly tendered in accordance with the Guaranteed Delivery Procedures) equal to U.S.$950. In addition, the Offeror will pay accrued and unpaid interest on the Securities purchased pursuant to the Offer from (and including) the immediately preceding interest payment date, and up to (but excluding), the Settlement Date ("Accrued Interest").

The Purchase Price and the Accrued Interest for the Securities validly tendered (and not validly withdrawn) in the Offer will be paid on the Settlement Date (subject to the right of the Offeror to extend the Expiration Deadline and delay the acceptance of Tender Instructions as set out in the Offer to Purchase). If a Holder tenders less than the full amount of its holding of Securities, Tender Instructions must be submitted in respect of a principal amount of Securities so that the principal amount of any Securities held by such Holder after tendering is no less than the Minimum Denomination or an integral multiple of U.S.$1,000 above such Minimum Denomination. The "Minimum Denomination" is U.S.$200,000.

The Offer is not conditioned on any minimum amount of Securities being tendered. The Offeror’s obligation to accept and pay for Securities in the Offer is, however, subject to the satisfaction or waiver of the General Conditions and the condition that the Offeror and/or subsidiaries of IQHL shall have completed the New Debt Financing on terms satisfactory to the Offeror in its sole discretion, with aggregate net proceeds of at least €2,800,000,000 (equivalent) (the "Financing Condition").

Announcements in connection with the Offer will be made by issuing a press release to a widely disseminated news or wire service. Copies of all such announcements, press releases and notices will also be available from the Tender & Information Agent. All documentation relating to the Offer, together with any updates, will also be available on the Offer Website https://deals.is.kroll.com/ineosquattrousd operated by the Tender & Information Agent for the purpose of the Offer.

A tender of Securities for purchase pursuant to the Offer should be made by the submission of a valid Tender Instruction. If any Holder wishes to tender its Securities but such Holder cannot comply with the procedures for the submission of a valid Tender Instruction prior to the Expiration Deadline, such Holder may tender its Securities according to the Guaranteed Delivery Procedures, as set out in the Offer to Purchase.

Securities purchased by the Offeror pursuant to the Offer are expected to be immediately canceled. Securities that have not been validly tendered and/or accepted for purchase, or which have been tendered and validly withdrawn, pursuant to the Offer will remain outstanding after the Settlement Date.

INDICATIVE TIMETABLE

This is an indicative timetable showing one possible outcome for the timing of the Offer based on the dates in the Offer to Purchase. This timetable is subject to change and dates and times may be extended, re-opened or amended by the Offeror in accordance with the terms of the Offer as described in the Offer to Purchase. Accordingly, the actual timetable may differ from the timetable below.

 

Date and Time

Action

October 30, 2023………………………

Commencement of the Offer

Offer to Purchase available from the Tender & Information Agent and on the Offer Website.

Offer announced through a press release to a recognized financial news service in the manner described under "Terms and Conditions of the Offer—Announcements" in the Offer to Purchase.

November 8, 2023, 5:00 p.m. (New York City time)……………………………………….

Expiration Deadline

The last time and date for Holders to submit Tender Instructions (or, where applicable, Notices of Guaranteed Delivery) in order to be able to participate in the Offer and to be eligible to receive the Purchase Price and Accrued Interest on the Settlement Date.

November 8, 2023, 5:00 p.m. (New York City time)……………………………………….

Withdrawal Deadline

Deadline for Holders to properly withdraw tenders of their Securities (or, where applicable, Notices of Guaranteed Delivery). If a tender of Securities (or, where applicable, a Notice of Guaranteed Delivery) is properly withdrawn, the Holder will not receive any consideration on the Settlement Date (unless that Holder validly re-tenders such Securities at or prior to the Expiration Deadline and the Securities are accepted by the Offeror).

November 9, 2023…………………….

Announcement of Results of the Offer

The Offeror expects to announce the aggregate principal amount of Securities to be accepted for purchase pursuant to the Offer (assuming that Securities tendered in accordance with the Guaranteed Delivery Procedures are validly delivered by the Guaranteed Delivery Deadline).

November 13, 2023, 5:00 p.m. (New York City time)……………………………………….

Guaranteed Delivery Deadline

The last time and date for Holders to validly deliver Securities in respect of which a Notice of Guaranteed Delivery was delivered at or prior to the Expiration Deadline.

Expected to be November 14, 2023……………………………………….

Settlement Date

Settlement Date for Securities validly tendered and accepted for purchase by the Offeror (including pursuant to the Guaranteed Delivery Procedures). Payment of the Purchase Price and any Accrued Interest in respect of any such Securities.

 

Subject to applicable securities laws and the terms set within the Offer to Purchase, the Offeror reserves the right, with respect to the Offer made by it, (i) to waive or modify in whole or in part any and all conditions to the Offer, (ii) to extend the Withdrawal Deadline and/or the Expiration Deadline, (iii) to modify or terminate the Offer or (iv) to otherwise amend the Offer in any respect. In the event that the Offer is terminated or otherwise not completed, the Purchase Price relating to the Securities subject to the Offer will not be paid or become payable, without regard to whether Holders have validly tendered their Securities (in which case such tendered Securities will be promptly returned to the Holders).

Holders are advised to check with any bank, securities broker or other intermediary through which they hold Securities when such intermediary would require to receive instructions from a Holder in order for that Holder to be able to participate in, or to validly withdraw their instruction to participate in, the Offer before the deadlines specified above. 

FURTHER INFORMATION

Holders of Securities may access the Offer to Purchase and the form of Notice of Guaranteed Delivery at https://deals.is.kroll.com/ineosquattrousd.

This announcement is released by INEOS Quattro Finance 2 Plc and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of MAR, encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 (including as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended), this announcement is made by Dirk Arhelger, Head of Investor Relations at INEOS Quattro Finance 2 Plc.

Questions and requests for assistance in connection with the Offer may be directed to Goldman Sachs International, HSBC Bank plc or ING Bank N.V., London Branch:

Goldman Sachs International
Plumtree Court
25 Shoe Lane
London EC4A 4AU
United Kingdom
Telephone: +44 20 7774 4836
Attention: Liability Management Group
Email: liabilitymanagement.eu@gs.com

HSBC Bank plc
8 Canada Square
London, E14 5HQ
United Kingdom
Europe: +44 (0) 20 7992 6237
U.S. Toll-Free: +1 (888) HSBC-4LM
U.S.: +1 (212) 525-5552 
Email: [email protected] 
Attention: Liability Management, DCM

ING Bank N.V., London Branch
8-10 Moorgate
London EC2R 6DA
United Kingdom
Telephone: +44 20 7767 6784
Email: [email protected]
Attention: Liability Management Group

BNP Paribas
Citigroup Global Markets Limited 
J.P. Morgan Securities LLC

Questions and requests for assistance in connection with the tender of Securities including requests for a copy of the Offer to Purchase may be directed to:

TENDER & INFORMATION AGENT
Kroll Issuer Services Limited
The Shard, 32 London Bridge Street
London SE1 9SG
United Kingdom
Tel: +44 20 7704 0880
Attention: Owen Morris / Alessandro Zorza
E-mail: [email protected] 
Offer Website: https://deals.is.kroll.com/ineosquattrousd 

NOTICE AND DISCLAIMER

Whether or not the purchase of any Securities pursuant to the Offer is completed, the Offeror, IQHL or any of their respective subsidiaries or affiliates may, to the extent permitted by applicable law, acquire Securities other than pursuant to the Offer, including through open market purchases, privately negotiated transactions, tender offers, exchange offers, redemptions or otherwise. Such purchases may be on such terms and at such prices as the Offeror or, if applicable, IQHL or any of their respective subsidiaries or affiliates may determine, which may be more or less than the prices to be paid pursuant to the Offer and could be for cash or other consideration or otherwise on terms more or less favorable than those contemplated by the Offer. Any future purchases of Securities by the Offeror or any of its affiliates will depend on various factors existing at the relevant time. There can be no assurance that the Offeror or any of its affiliates will pursue any such future offers to purchase or as to the structure or terms (or combinations thereof) of any such future offers to purchase.

This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which must be read carefully before any decision is made with respect to the Offer. If any Holder is in any doubt as to the action it should take or is unsure of the impact of the Offer, it is recommended to seek its own financial, legal or tax advice, including as to any tax consequences, from its stockbroker, bank manager, attorney, accountant or other independent financial, legal or tax adviser. Any individual or company whose Securities are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to tender Securities in the Offer (or to validly withdraw any such tender). None of the Dealer Managers, the Tender & Information Agent, the Offeror, IQHL, nor any director, officer, employee, agent or affiliate of, any such person makes any recommendation whether Holders should tender Securities in the Offer.

Information Regarding Forward-Looking Statements

This announcement contains both historical and forward-looking statements. These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as "will," "may," "should," "could," "continue," "anticipate," "believe," "expect," "plan," "probability," "appear," "project," "estimate," "intend," "risk," "target," "goal," "endeavor," "outlook," "optimistic," "prospects" or other words or phrases of similar import. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. All statements that address the Offeror’s or IQHL’s future operating performance or events or developments that they expect or anticipate will occur in the future are forward-looking statements.

These forward-looking statements are based on the Offeror’s or IQHL’s then current plans, estimates and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Factors that could materially affect these forward-looking statements can be found in the Offer to Purchase under the heading "Risk Factors." Holders are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this announcement are made only as of the date of this announcement, and the Offeror undertakes no obligation to update publicly these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur. The Offeror cannot assure you that projected results or events will be achieved.

OFFER AND DISTRIBUTION RESTRICTIONS

This announcement and the Offer to Purchase do not constitute an offer or an invitation to participate in the Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such offer or invitation or for there to be such participation under applicable laws. The distribution of this announcement and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Offer to Purchase comes are required by the Offeror, the Dealer Managers and the Tender & Information Agent to inform themselves about and to observe any such restrictions.

United Kingdom

The Offer to Purchase and any other documents or materials relating to the Offer are only addressed to Holders where they would (if they were clients of the Offeror) be per se professional clients or per se eligible counterparties of the Offeror within the meaning of the rules of the Financial Conduct Authority (FCA). Neither the Offer to Purchase nor any other documents or materials are addressed to or directed at any persons who would be retail clients within the meaning of the FCA rules and any such persons should not act or rely on them. Recipients of the Offer to Purchase and any other documents or materials relating to the Offer should note that the Offeror is acting on its own account in relation to the Offer and will not be responsible to any other person for providing the protections which would be afforded to clients of the Offeror or for providing advice in relation to the Offer.

The communication of the Offer to Purchase and any other documents or materials relating to the Offer are not being made and such documents have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"). Accordingly, the Offer to Purchase, such documents and/or other materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. Accordingly, the Offer to Purchase and the communication of all such documents and/or materials relating to the Offer are exempt from the restriction on financial promotions under Section 21 of the FSMA on the basis that they are only directed at and may only be communicated (i) to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Promotion Order)), (ii) to those persons who are within Article 43(2) of the Financial Promotion Order, including existing members and creditors of either of the Offeror, (iii) to those persons who are outside of the United Kingdom, or (iv) to any other persons to whom they may otherwise lawfully be made under the Financial Promotion Order (all such persons together being referred to as "Relevant Persons") and the transactions contemplated herein will be available only to, and engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act on or rely on the Offer to Purchase.

EEA

In the EEA, this announcement and the Offer will not, directly or indirectly, be made to, or for the account of, any person other than to qualified investors within the meaning of Article 2(e) of the Prospectus Regulation.

Neither this announcement nor the Offer to Purchase nor any other documentation or material relating to the Offer has been or will be submitted to a competent authority in the EEA for approval. Therefore, neither the Offer to Purchase nor any other documentation or material relating to the Offer qualifies as an approved prospectus as meant in Article 6 of the Prospectus Regulation.

Accordingly, in the EEA, the Offer may not be made by way of an "offer of securities to the public" within the meaning of Article 2(d) of the Prospectus Regulation and the Offer may not be promoted and is not being made to, any person in the EEA (with the exception of "qualified investors" within the meaning of Article 2(e) in conjunction with Article 1(4)(a) of the Prospectus Regulation). This announcement, the Offer to Purchase and any other documentation or materials relating to the Offer (including memoranda, information circulars, brochures or similar documents) have not been forwarded or made available to, and are not being forwarded or made available to, directly or indirectly, any such person. 

With regard to the EEA, this announcement and the Offer to Purchase have been transmitted only for personal use by the aforementioned qualified investors and only for the purpose of the Offer. Accordingly, the information contained in this announcement and the Offer to Purchase may not be used for any other purpose or be transmitted to any other person in the EEA.

Belgium

None of this announcement, the Offer to Purchase or any other documents or materials relating to the Offer have been submitted to or will be submitted for approval or recognition to the Financial Services and Markets Authority (Autorité des services et marchés financiers / Autoriteit voor financiële diensten en markten) and, accordingly, the Offer may not be made in the Kingdom of Belgium by way of a public offering, as defined in Articles 3 and 6 of the Belgian Law of April 1, 2007 on public takeover bids as amended or replaced from time to time. Accordingly, the Offer may not be advertised and the Offer will not be extended, and none of this announcement, the Offer to Purchase or any other documents or materials relating to the Offer (including any memorandum, information circular, brochure or any similar documents) has been or shall be distributed or made available, directly or indirectly, to any person in the Kingdom of Belgium other than "qualified investors" in the sense of Article 2(e) of the Prospectus Regulation, acting on their own account. This announcement and/or the Offer to Purchase have been issued only for the personal use of the above qualified investors and exclusively for the purpose of the Offer. Accordingly, the information contained in this announcement and/or the Offer to Purchase may not be used for any other purpose or disclosed to any other person in the Kingdom of Belgium.

France

This announcement, the Offer to Purchase and any other documents or offering materials relating to the Offer may not be distributed in the Republic of France except to qualified investors (investisseurs qualifiés) as defined in Article 2(e) of the Prospectus Regulation. The Offer to Purchase has not been and will not be submitted for clearance to the Autorité des marchés financiers.

Italy

None of the Offer, this announcement, the Offer to Purchase or any other documents or materials relating to the Offer has been or will be submitted to the clearance procedure of the CONSOB, pursuant to applicable Italian laws and regulations.

The Offer is being carried out in the Republic of Italy ("Italy") as an exempted offer pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of February 24, 1998, as amended (the "Financial Services Act") and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of May 14, 1999, as amended (the "Issuers’ Regulation"). The Offer is also being carried out in compliance with article 35-bis, paragraph 7 of the Issuers’ Regulation.

Holders or beneficial owners of the Securities located in the Republic of Italy can tender the Securities through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of February 15, 2018, as amended from time to time, and Legislative Decree No. 385 of September 1, 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority.

Spain

None of the Offer, this announcement or the Offer to Purchase constitutes an offer of securities to the public in Spain under Regulation (EU) 2017/1129 or a tender offer in Spain under the restated text of the Spanish Securities Market Act approved by Royal Legislative Decree 4/2015, of 23 October, and under Royal Decree 1066/2007, of 27 July, all of them as amended, and any regulation issued thereunder.

Accordingly, neither this announcement nor the Offer of Purchase have been or will be submitted for approval nor approved by the Spanish Securities Market Commission (Comision Nacional del Mercado de Valores).

Switzerland

A public offer within the meaning of the Swiss Financial Services Act ("FinSA") may not be directly or indirectly made in Switzerland with respect to the Securities. Therefore, none of this announcement, the Offer or any other offering or marketing material relating to the Securities constitutes a prospectus as such term is understood pursuant to article 35 FinSA or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Accordingly, the investor protection rules otherwise applicable to investors in Switzerland do not apply to the Offer. When in doubt, investors based in Switzerland are recommended to contact their legal, financial or tax adviser with respect to the Offer.

Luxembourg

The terms and conditions relating to this announcement and/or the Offer to Purchase have not been approved by and will not be submitted for approval to the Luxembourg Financial Services Authority (Commission de Surveillance du Secteur Financier) for purposes of public offering in the Grand Duchy of Luxembourg ("Luxembourg"). Accordingly, the Offer may not be made to the public in Luxembourg, directly or indirectly, and none of this announcement, the Offer to Purchase or any other prospectus, form of application, advertisement or other material may be distributed, or otherwise made available in or from, or published in, Luxembourg except in circumstances which do not constitute a public offer of securities to the public, subject to prospectus requirements, in accordance with the Luxembourg Act of 10 July 2005 on prospectuses for securities.

General

This announcement is for informational purposes only and shall not constitute an offer to buy or the solicitation of an offer to sell Securities in any circumstances in which such offer or solicitation is unlawful. The Offer is being made only pursuant to the Offer to Purchase and only in such jurisdictions as is permitted under applicable law. Please see the Offer to Purchase for certain important information on offer restrictions applicable to the Offer.

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMENDED (AND INCLUDING AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED) ("MAR").

Source : INEOS QUATTRO FINANCE 2 PLC ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OF ITS 3 3/8% SENIOR SECURED NOTES DUE 2026

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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

Hoymiles Debuts High-Power 4-in-1 Three-Phase Microinverters to Supercharge Commercial and Industrial PV Applications in North America

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PLANO, Texas, Oct. 30, 2023 /PRNewswire/ — Hoymiles, a world-leading smart energy provider and microinverter supplier, announced the North American launch of its highly anticipated three-phase microinverter, the HMT-2000-4T-208-NA series. This new microinverter is purpose-built to meet the demands of high-powered PV modules and deliver unparalleled performance, cost-effectiveness, and safety for commercial and industrial PV applications across North America.

"Today, we are thrilled to introduce the HMT-2000-4T-208-NA series three-phase microinverter to the North American market," said Rocky Gao, CEO of Hoymiles US. "This product reflects Hoymiles’ commitment to innovation and solutions that empower the solar industry. It offers unmatched performance, efficiency, and safety, and we are confident it will redefine the standards for commercial and industrial solar installations in North America."

Key Features of the HMT-2000-4T-208-NA Series are:

High-Power Output: The HMT-2000-4T-208-NA series microinverter is engineered to accommodate high-powered PV modules, boasting an impressive peak output power of up to 2000 VA. With a maximum DC input current of up to 16 A, it ensures exceptional energy conversion efficiency. Tailored for North American Grids: Designed to meet the specific requirements of North American grids, this microinverter is compatible with three-phase Delta network configurations, making it an ideal choice for the region. S-Miles Cloud Platform: Seamlessly integrated with the S-Miles Cloud smart platform, the HMT-2000-4T-208-NA series enables module-level monitoring and remote operations and maintenance (O&M). This empowers users with greater control over their solar systems, optimizing performance and efficiency. 4-in-1 Design: The 4-in-1 design not only accelerates installation but also lowers overall project costs, as one unit can be connected to as many as four PV modules. This makes it a highly attractive option for commercial and industrial applications. Enhanced Safety: The HMT-2000-4T-208-NA series prioritizes safety for rooftop solar installations with rapid shutdown compliance and an isolated transformer, ensuring peace of mind for users. Sub-1GHz Wireless Communication: The introduction of the new Sub-1G wireless solution enhances communication stability with the Hoymiles gateway DTU. This advancement ensures reliable real-time monitoring capabilities, particularly in commercial and industrial settings.

The HMT-2000-4T-208-NA series sets a new benchmark for microinverters in North America, combining advanced technology with practicality to meet the evolving needs of the solar industry. For more information about Hoymiles and its products, please visit  https://www.hoymiles.com/

 

Source : Hoymiles Debuts High-Power 4-in-1 Three-Phase Microinverters to Supercharge Commercial and Industrial PV Applications in North America

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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