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Praj and Lygos to Co-develop Advanced Lactic Acid Yeast Technology for Bio-based Products

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Praj Industries Ltd. and Lygos, Inc. have signed a Memorandum of Understanding (MOU) to co-develop Lygoss proprietary yeast for the production of lactic acid. As part of this MOU, Lygos will provide its proprietary yeast platform to Praj for jointly developing into various solutions for commercial applications.

Praj has already developed and offers bacterial fermentation technology to produce lactic acid and downstream products from sugary feedstock. Lactic acid is also used in food and beverages, in cleaning agents as well as in the electronic industry. The global lactic acid market size is estimated at around $1 Bln USD (2019).

Lygos will provide its innovative and high-performance technology, LP1 Ultra„¢ Yeast Platform and Carbon Sequestration Superhighway„¢, which is well suited to produce acid compounds.

Praj will assemble other segments of technology backed up by its expertise in process development, optimization, design scale-up and will further integrate lactic acid as a source material in to making Bioplastic, called as Polylactic Acid (PLA).

Demand for PLA acid is ~ 200, 000 tons/year, which is expected to increase substantially in the near future. PLA is an appropriate solution to replace single use plastics and reduce the burden on the waste disposal system. Due to its unique characteristics, PLA offers an improved replacement for many applications. Rising consumer awareness with respect to the need for recyclability, green packaging, and sustainability is driving significant demand globally. Unlike conventional plastic, PLA does not take decades to degrade, and as such, reduces adverse environmental impact.

Pramod Chaudhari, Executive Chairman of Praj, said, True to its vision to make the world a better place, Praj continues to deploy advanced technologies to produce sustainable products. Our focus over the past three decades on environment, energy and agri-process industry complements global efforts to mitigate climate change and is in tune with global circular bioeconomy. We are happy to work with Lygos to co-develop their advanced yeast platform to produce highly valuable organic acid to offer our customers a better opportunity while supporting rural economy. I am confident that this association will open opportunities for both of us in the global renewable chemicals & materials industry.

Eric Steen, CEO of Lygos, stated, We are pleased to partner with Praj and the Praj Matrix team whose deep expertise spans commercialization, engineering, and scale-up, construction and operation of similar industrial processes. This is an exciting time where the worlds demand for sustainable, safe products not produced from toxic petroleum continues to grow. We believe our LP1 Ultra„¢ platform will complement the Praj teams goal in the lactic acid marketplace. We look forward to accelerating the technology commercialization through this partnership.

Both companies will jointly pursue identified commercial opportunities globally to establish a leading position in compostable polymers.

About Praj Industries Limited

Praj, Indias most accomplished engineering company in the field of industrial bio technology is driven by innovation and integration capabilities. The company is a torch bearer of Bio-mobility, offering technology solutions globally to produce renewable transportation fuel. Prajs diverse portfolio comprises Bio-energy plants, Renewable natural gas facilities, Critical process equipment & skids, Breweries, Zero liquid discharge plants and High purity water systems. Over the past three decades, Praj has focused on the environment, energy and agri-process industry, with customer references across 75 countries. Praj Matrix, the state-of-the-art R&D facility, is the backbone for the companys endeavors in sustainable decarbonization through circular bioeconomy. Led by an accomplished and caring leadership, Praj is a socially responsible corporate citizen. Praj is listed on the Bombay and National Stock Exchanges of India.

For more information, visit www.praj.net and follow us @PrajIndustries

About Lygos Inc.

Founded in 2011 by leading scientists in the Department of Bioengineering at the University of California, Berkeley, Lygos has developed proprietary technology for producing diverse compounds through combined fermentation and chemical transformation. The company features a robust pipeline of multi-functional organic acids, health & wellness products, including cannabinoids, that offer compelling performance, purity and supply advantages. Lygos has created a full-stack biological engineering platform focused on organic acid specialty chemicals and bio-monomers. Lygos sustainable, bio-based chemicals replace expensive, environmentally degrading alternatives from traditional industrial suppliers, enabling customers to create better, safer products with value-added performance. For more information, visit www.lygos.com and follow us @LygosBiotech.

Note: Some of the statements made in the release could be forward-looking in nature. Such forward-looking statements remain subject to risks and contingencies particularly concerning but not limited to governmental policies, economic developments and technological factors. This may cause actual performance to differ materially from that observed through the relevant forward-looking statement. Praj Industries will not in any way be responsible for action taken based on such forward-looking statements and undertakes no commitment to update these forward-looking statements publicly, to reflect changed realities.

For media enquiries:

Dr. Ravindra Utgikar

Praj Industries Ltd.

+91 20 2294 1000

[email protected]

Andrew Noble

Lygos Inc.

(415) 722-2129

[email protected]

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Advanced Energy Introduces New SCR Power Controller with Advanced Performance and New Capabilities to Bring Industry 4.0 to Precision Heating Applications

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New Thyro-A+ substantially increases control accuracy in the industry’s smallest design footprint to meet the challenges in semiconductor and industrial manufacturing

 

DENVER, COLORADO – Media OutReach – 25 November 2020 – Advanced Energy Industries, Inc. (Nasdaq: AEIS) — a global leader in highly engineered, precision power conversion, measurement and control solutions — today announced the expansion of its market-leading line of SCR (silicon controlled rectifier) power controllers with its new Thyro-A+ for precision industrial and semiconductor heating applications. Thyro-A+ provides customers with next-generation SCR accuracy and load monitoring, the industry’s smallest design footprint and new digital control capabilities for precision heating, melting, drying and forming applications.

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Thyro-A+ has a completely redesigned control engine, enabling a 16x increase to measurement sampling rate over the Thyro-A, for enhanced control accuracy, which substantially improves process uniformity and repeatability, reduces energy consumption, and increases process throughput in precision heating applications. It comes with the industry’s smallest design footprint, delivering industry-leading power density. Featuring a new optional LED display for easy commissioning or visualization, Thyro-A+ offers a number of advanced digital capabilities for remote controlling, self-monitoring and a digital control interface for integration with other connected factory software and applications to deliver on the promise of Industry 4.0.


“Building on Advanced Energy’s renowned family of SCR power controllers, the Thyro-A+ is our most advanced SCR, further expanding the range and capabilities of our solutions to meet the heating application requirements of our industrial and semiconductor customers,” said Andreas Breitkopf, director, photonics and PCS products at Advanced Energy. “Among AE’s other SCR power controllers, Thyro-A+ is certified in the Rockwell Encompass Partner program and connects directly with Rockwell Automation Logix PAC systems, providing customers with a straightforward path to fully integrated system designs.”

Thyro-A+ rounds out AE’s Thyro family of power controllers, which includes Thyro-S, Thyro-A eco, Thyro-A and Thyro-PX series. Thyro-A+ has a new powerful controller, which delivers on industry-leading accuracy, load monitoring and control of power for heating elements, resistive loads and transformer loads in a wide range of heating applications. The design provides lightning-fast installation and replacement with “copy-paste” configuration profiles that easily transfer system parameters between multiple SCR power controllers. Customers reduce system installation costs with the most compact SCR footprint available, and a wide variety of fieldbus protocols allow for the most efficient installation possible, allowing for effortless integration into existing enterprise applications for critical thermal processes.

For detailed product information and technical specifications, visit the Thyro-A+ page on AE’s website and the product data sheet.

About Advanced Energy

Advanced Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. AE’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial, manufacturing, telecommunications, data center computing and healthcare. With engineering know-how and responsive service and support around the globe, the company builds collaborative partnerships to meet technology advances, propel growth for its customers and innovate the future of power. Advanced Energy has devoted more than three decades to perfecting power for its global customers and is headquartered in Denver, Colorado, USA. For more information, visit www.advancedenergy.com.

Advanced Energy | Precision. Power. Performance.

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HDBank wins award for outstanding international payment service for 3rd consecutive year

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HO CHI MINH CITY, VIETNAM – Media OutReach – 26 November 2020 – For its almost 100 per cent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank.

This is the third year in a row HDBank has won the MT202 award, and the second year the Bank has received the MT 103 award.

Both are given by J.P Morgan Chase Bank, the US’s largest lender in terms of assets and the world’s largest US dollar clearing agent.

HDBank’s STP rates exceed the benchmarks set by global credit institutions.

According to JP Morgan Chase and other large institutions and agents providing clearing services in the greenback and euro, the STP rate for international electronic payment is currently 89-90 per cent on average.

With an exceptional STP rate of 99.94 per cent for MT202 and 99.68 per cent for MT103, HDBank was one of the few Vietnamese banks to win the top prize.

This underlines the prestige and quality of HDBank’s international payment services with its modern technology platform and employees’ professional competence in meeting the financial transaction needs of customers around the world.

According to JP Morgan Chase, HDBank is its leading banking partner in Việt Nam in terms of both size and quality of international payment services.

HDBank’s business performance through the JP Morgan Chase system has continued to thrive even amid the challenges faced by the global and Vietnamese economies due to the impacts of Covid-19.

With its relationships with more than 400 agents who are banking institutions and strategic co-operation with many leading Vietnamese and international partners, HDBank has extensive international payment operations and the Bank’s international payment services quality is recognised also by other leading lenders.

HDBank is also a pioneer in bringing effective added value to customers around the globe through investing in and using modern technologies in the bank’s services and products, especially international payment services, digitising processes, meeting management requirements according to international standards, and constantly improving operational efficiency with a commitment to bringing the maximum benefits to customers.

HDBank became the first lender in Việt Nam to join the TradeAssets Trade Finance E-marketplace to connect with and process trade finance transactions on the blockchain application platform, and Contour, an open trade finance network.

HDBank also deploys the global payment query service via Swift GPI and is a pioneer in providing international money transfer query services via Swift GPI in various currencies like USD, GBP, EUR, CHF, AUD, CAD, JPY, THB, NZD, HKD, and SGD.

At the same time the Bank has successfully put into operation the Treasury – FIS Front Arena system to seamlessly meet the requirements involved in handling business transactions and managing currency trading risks.

In addition to retaining the leading position in digitisation in the banking sector, HDBank remains on a high growth path in the third quarter of the year.

Moody’s credit rating agency has maintained a credit rating of B1 for HDBank.


About HDBank

Ho Chi Minh City Development JSC Bank (HDBank, HOSE: HDB) was established in 1990, making it among the first commercial banks in Vietnam.

After 30 years of operations, HDBank is now one of the leading banks in Vietnam. It has strong finances and modern technology, and provides a wide range of financial services to individuals, corporates and investors.

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Halza and IEI Subsidiaries to Establish A Connected Health Ecosystem at the 2020 Healthcare Expo in Taiwan This December

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TAIPEI, TAIWAN – Media OutReach – 30 November 2020 – As technology becomes increasingly cutting-edge, so too must global health tech ecosystems adapt to capitalize on new opportunities in the field.

That is exactly what social-medical app, Halza, and IEI Integration Corp have in store for the future of healthcare in Taiwan.

 

On December 3 — 6, Halza will highlight their plans for an integrated health ecosystem, developed in collaboration with IEI, at booth #M232 at the 2020 Taiwan HealthCare Expo.

 

In anticipation of the advent of 5G technology, Halza and the various subsidiaries of IEI Integration Corp have partnered to develop a network that will simplify both the consumer’s and the medical professional’s healthcare experience.

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“5G is offering exciting opportunities to present high definition medical images, including DICOM film, faster and easier on mobile devices. Our partnership with IEI Integration Corp is strategic as their QNAP solutions are supporting this development and will help bring the ecosystem to the next level in the Digital Healthcare market,” said Richard Nijkerk, Halza founder.

 

Whether at a hospital, a private clinic, or even the gym, health data can be collected, securely stored, and easily accessed by the patient and the medical professionals attending to them through a private cloud.

 

Patients are empowered with the ability to upload and enter the medical results they choose. In addition to the centralized health management system of Taiwan, users can gain access to a fuller, more comprehensive health overview at their fingertips through the Halza app.

This move will also strengthen Halza’s focus on women’s health, through features like the newly launched IVF and Pregnancy. Women managing their journey to motherhood will be better supported through an efficient sharing of their health information.

 

Renowned for welcoming medical tourists, Taiwan is also in a unique position for an interconnected health system like this to thrive.

 

Medical tourists and the clinics they frequent, in particular, stand to benefit from this simultaneous amalgamation and diversification of data sources.

 

As medical tourists do not have the same access to a convenient, centrally located health organization system as citizens, the collaboration serves to create a comfortable environment and a smoother experience to entice return trips.

 

Through the joint efforts of Halza and IEI, these patients remain connected to their doctors, no matter where they are. Their information is conveniently managed and securely transmitted. They have access to their records and so do their doctors. Their health is appropriately prioritized.

 

To find out more about developments regarding the health ecosystem, please approach booth #M232 at the 2020 Taiwan HealthCare Expo this December 3 – 6.

About IEI

IEI Integration Corp. builds up the business as a leading industrial computer provider and turns to artificial intelligence and networking edge computing. IEI’s products are applied in computer-based applications such as factory automation, computer telephony integration, networking appliances, security, systems, and in fields like AI, IoT (Internet of Things), national defense, police administration, transportation, communication base stations and medical instruments. IEI continues to promote its brand products as well as serving ODM vertical markets to offer complete and professional services.

 

IEI strives to achieve the ultimate aim of IoT and AI, and to create comfortable and convenient living spaces for human beings by using advanced technologies.

About Halza

Singapore based Halza, a member of the Nijkerk Group stores, track and shares medical data. With Halza you can securely communicate in private with Doctors, family and select friends. You and your family records are private. The Nijkerk Group, a privately held Industrial Information Technology group with dual headquarters in Singapore and Amsterdam has been iEi’s business partner since 1992.

 

Download Halza!

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