Connect with us

News

Prince Group Distributes Essential Goods to 500 Families Near Ream City Project

gbafNews28

Charity arm of Cambodian conglomerate engages local community as key stakeholders for upcoming 834-ha project

 

SIHANOUKVILLE, CAMBODIA –
Media OutReach – 15 February 2021- Prince Charitable Foundation, the charitable
arm of Prince Holding Group (‘Prince Group’), one of Cambodia’s largest and
fastest growing conglomerates, has distributed care packages to 500 families
living at Ong village in Prey Nob district, Cambodia.
The village is situated near the site of the Ream City project, an 834-hectare
project being developed on reclaimed land near the Sihanoukville International
Airport that is set to transform the region. The gesture of goodwill
took place last week and senior management from Canopy Sands Development, a
member of Prince Group, also took the opportunity to consult local leaders to
understand the community’s needs. The aid campaign at
Ong Village is the latest environment, social and governance (ESG) initiative
of Prince Group. 

 

Each care package contained 25 kilograms of rice, one mat,
one blanket, two pillows, one mosquito net and one Khmer Krama (traditional
scarves woven in the countryside). It will be the first of many efforts to
support the local community, especially as Prince Group envision
an important role for residents in the development of the coastal project. Upon completion, Ream City aims to
house up to 130,000 residents and will potentially bring housing estates,
themed shopping malls, schools and hospitals, bringing a boost to the local
economy.

 

Prince Group has focused on providing items to help
residents with their daily needs at a time when rural Cambodians are facing
considerable economic challenges. “We are serious about engaging with local
communities and establishing a good relationship with them — they are key stakeholders for
the Ream City project. Not only do we consider it our duty as a responsible
corporate actor to provide assistance in these challenging times, we believe
local residents will play an important role as part of our workforce due to the
scale of the Ream City project,” said Mr.
Khong Weng Fook, Managing Director of Canopy
Sands Development. “Currently, about 70
locals are employed at the Ream City project. In
time, we will look to impart the necessary skills through upskilling and other
human empowerment efforts to further engage local residents for the project.”

 

Over the course of the aid campaign, management from
Prince Group liaised with Mr. Sor Kakada, District Chief for Prey Nob, to
better understand the needs of residents. They were advised that there is a
need for better healthcare facilities. As Prey Nob is situated outside
Sihanoukville, basic medical facilities are not readily available. As such,
Prince Group will investigate the feasibility of establishing healthcare
dispensaries for the local community.

 

Ream City will lead to substantial employment
opportunities for Cambodians and support the growth of the Sihanoukville
International Airport, which is expected to see its capacity increase from 3.6
million passengers to 10 million passengers by the end of the decade. Through
the distribution of essential aid, Prince Group hopes that a constructive dialogue
can be established between local communities and the developers to ensure a
productive long-term relationship.

 

Prince Group’s ESG strategy has a
three-prong focus on healthcare, education and
community engagement. Last year,
the Group made several
large-scale donations to help in the fight against the pandemic and assist
flood victims in Cambodia. Till date, the Prince Charitable Foundation
Organization has organized more than 240 charitable events and donated funds
and other materials worth more than US$11 million, benefitting more than
320,000 people. Neak
Oknha Chen Zhi
, Chairman of Prince Group, has also
personally donated US$3 million to help Cambodia purchase
1 million COVID-19 vaccines
.

About Prince Charitable Foundation Organization

Being dedicated to public charity, advocating corporate duty, and promoting social harmony and progress, Prince Charitable Foundation Organization, a member of Prince Holding Group, focuses on social welfare projects, including municipal development and ecological protection with specific attention towards helping school dropouts, disabled, and the elderly. With a national mandate, Prince Charitable Foundation was seeded with US$1 million by Prince Holding Group, with the sum procured from the sales revenue of properties. It has also attracted a significant amount of donation from other individuals and organization. Prince Charitable Foundation Organization has launched more than 240 charity events, benefiting 320,000 people, with donations exceeding $11 million.

News

WiMi Wins Bid for Second Phase of China Mobile AND Media Cloud Platform's Remote Interaction Holographic Project

gbafNews28

BEIJING, Feb. 19, 2021 /PRNewswire/ — WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading Hologram Augmented Reality (“AR”) Technology provider in China, today announced that it has won the bid for the second phase of China Mobile AND Media Cloud Platform's remote interaction holographic project (the “Project”).

Bidding for the Project started at 10 AM Beijing time on February 1, 2021. All companies in China's holographic and communication industries were able to fill out an application. The application evaluation process was executed according to the bid evaluation method specified in the Bidding Laws of the People's Republic of China, other related regulations, and bidding documents. After a series of rigorous evaluations, it was decided that WiMi's application stood out from the rest, and according to the bidding result announcement released on February 10, 2021 at China Mobile's official website, WiMi won the bid.

With hundreds of millions of users, China Mobile is the largest mobile communication operator and leading operator of 5G mobile communication infrastructure in China. As of December 2020, China Mobile had 165 million customers with 5G data plan and 775 million customers with 4G data plan. With its comprehensive communication infrastructure and superior high-bandwidth 5G mobile communication network, China Mobile maintains broad development prospects in the field of remote interaction holographic communication. WiMi's status as a qualified supplier and partner for China Mobile marks a significant improvement in the Company's overall competitiveness. Going forward, as domestic communication operators continue to increase their investment into 5G technologies each year, it is expected that WiMi will also achieve significant advances and strategic breakthroughs in terms of its collaborations with 5G operators in China.

The selection of WiMi for the Project is further evidence of the Company's strong technical strengths. As a leading AR hologram technology provider for holographic 5G communication applications, the Company remains committed to independent R&D as well as investment into 5G and other core technology fields. Going forward, the Company plans to utilize such advanced technologies as 5G, AR, virtual reality, holographic communications, and more, to continue strengthening its collaborations with China Mobile as well as other communication operators and industry partners. At the same time, the Company will also focus on leveraging these technologies to further promote the development of its holographic 5G communication business while further accelerating the digital transformation of domestic holographic communication applications in other industry verticals.

About WIMI Hologram Cloud Inc.

WiMi Hologram Cloud, Inc.(NASDAQ: WIMI), whose commercial operations began in 2015, is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, holographic pulse laser, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, holographic laser automotive application, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, automobile holographic communication and other holographic AR technologies. For more information, please visit http://ir.wimiar.com.

Safe Harbor / Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release, as well as the Company's strategic and operational plans, contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws. 

Contacts
WIMI Hologram Cloud Inc.
Email: [email protected]

ICR, LLC

Sharon Zhou
Tel: +1 (646) 975-9495
Email: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/wimi-wins-bid-for-second-phase-of-china-mobile-and-media-cloud-platforms-remote-interaction-holographic-project-301231556.html

SOURCE WiMi Hologram Cloud Inc.

Continue Reading

News

Texas Tech University Selects Heliospectra's Adjustable ELIXIA LED Lighting Solutions

gbafNews28

GOTHENBURG, Sweden, Feb. 19, 2021 /PRNewswire/ — Heliospectra AB (publ) (Nasdaq First North Growth Market: HELIO, and North American ADR OTCQB: HLSPY), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces a new order from Texas Tech University of Lubbock, Texas, United States. The order is of Heliospectra's fully adjustable ELIXIA Led lighting solution and the order value is $ 287,250 USD

The lights will be installed in the Institute of Genomics for Crop Abiotic Stress Tolerance (IGCAST) Phytotron, located on the beautiful Texas Tech University campus in Lubbock. The Phytotron consists of both state-of-the-art growth chambers and enclosed greenhouses used for researching relationships between plants and the environment, to optimize crop production in terms of yield and quality under adverse environmental conditions. A flexible adjustable light source, such as Heliospectra's ELIXA, allow researchers to mimic environmental conditions and geographical areas from around the world. The Phytotron was built in 2019 as part of a larger effort to increase quality research capabilities in the State of Texas. 

Heliospectra's ELIXIA is designed and built on a foundation of over a decade of research and experience. ELIXIA, featuring up to four tunable wavelengths, is an essential tool for any commercial or research operation looking for full control and flexibility while seeking to deliver superior crop quality.

The order will be delivered in Q2, 2021. 

For More Information:

Rebecca Nordin, Head of IR at Heliospectra | +46 (0)72 536 8116 | [email protected]

http://www.heliospectra.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/heliospectra/r/texas-tech-university-selects-heliospectra-s-adjustable-elixia-led-lighting-solutions,c3290453

The following files are available for download:

Cision View original content:http://www.prnewswire.com/news-releases/texas-tech-university-selects-heliospectras-adjustable-elixia-led-lighting-solutions-301231591.html

SOURCE Heliospectra

Continue Reading

News

Fusion energy start-up HB11 Energy launched to accelerate German-Australian physicist Heinrich Hora's vision of clean, safe and abundant fusion energy

gbafNews28
  • HB11 Energy raised $A 4.6M in an over-subscribed pre-seed financing round.
  • HB11 Energy has launched its experimental program developing a new source of clean, safe and reliable electricity using the fusion hydrogen and boron-11 (the HB11 reaction).
  • New on the board: German entrepreneur, investor and multiple founder Lukasz Gadowski.

SYDNEY, Feb. 19, 2021 /PRNewswire/ — HB11 Energy Holdings Pty Ltd recently closed its oversubscribed pre-seed fundraise at $A4.6M and commenced its experimental program after opening the round in April 2020.

Scientific Director Prof Heinrich Hora (left), and Managing Director Dr Warren McKenzie (right).

This investment has established Australia's first commercial fusion energy company, which will now drive an international R&D program aimed at the Holy Grail of fusion energy research – to demonstrate net energy gain and prove that HB11 Energy can develop a clean, safe and virtually unlimited source of large-scale electricity production.

The round was entirely funded by high-net-worth individuals.  

“Since launching our pre-seed round in April last year, we've been overwhelmed by investors interested in the environmental impact of our technology, as well as the financial returns inherent in our success,” said Dr Warren McKenzie, Founder and Managing Director of HB11 Energy.

Prof Hora's career's work has been motivated by the enormous benefits of the HB11 reaction for energy generation over other nuclear energy approaches. The HB11 reaction creates electricity directly, the fuels are safe and abundant, it does not create harmful radiation and there is no possibility of a reactor melt-down. Patents have been granted in four countries for Hora's concept generator.

“Our clean and absolutely safe reactor can be placed within densely populated areas, with no possibility of a catastrophic meltdown such as that which has been seen with nuclear fission reactors,” said Professor Heinrich Hora.

Prof Hora's theories, developed over half a century of research at UNSW Sydney, were validated in recent years with several academic research groups demonstrating the non-thermal initiation of the HB11 fusion reaction using high-peak-power lasers, of which two were published in 2020.  HB11 Energy has launched its experimental program with researchers from Australia, the USA and the UK.

Lukasz Gadowski appointed to the HB11 Energy Holdings Board

Gadowski is a deep-tech investor with a mission to deliver a better future via technology and a focus on clean energy and next-generation aviation. He has an impressive background as an entrepreneur having grown several companies to multi-billion-dollar valuations. Among these is Delivery Hero, which recently entered the DAX – Germany's leading stock market index. Others include Enpal, a German solar company for consumers, and Volocopter, globally leading company in the upcoming field of Urban Air Mobility.

“We are excited to welcome Lukasz Gadowski to the Board,” said Prof Hora. “His passion for physics, experience building many immensely successful multinational companies and perspective on the broad impact of our technology, all make Lukasz a most valuable addition to our team.”

“Professor Heinrich Hora is the pioneer of hydrogen-boron fusion technology – the most elegant approach that I have come across so far. Now we have to put theory into practice. A difficult task, but it's worth the effort alone,” Gadowski said. “It is an honour to be part of the revolution of energy production alongside Heinrich Hora.”

As HB11 Energy ramps up its R&D activities this year, it is taking expressions of interest for collaborations with university and public sector researchers. HB11 Energy is also planning to launch a seed fundraising round later this year and is interested in hearing from prospective investors. https://hb11.energy/contact/

Contact:

Warren McKenzie (Australia / Asia)
[email protected]
Phone: +61-400-059-509

Jan Kirchhoff (Europe / US)
[email protected]  
Phone number: +352-691-274-42

www.hb11.energy

Photo – https://mma.prnewswire.com/media/1441082/1.jpg

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call for Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Posts

gbafNews28 gbafNews28
News2 hours ago

SeABank AI Accelerates Digitization of Banking Ops

HANOI, Vietnam, Feb. 19, 2021 /PRNewswire/ — Viewing digitization as a pillar vital to support banking progression, Southeast Asia Commercial...

gbafNews28 gbafNews28
News2 hours ago

Latest ezAccounting Software Offers Businesses Greater Security As Stand Alone Application

TACOMOA, Wash., Feb. 19, 2021 /PRNewswire-PRWeb/ — Businesses can not afford to lose accounting and payroll data through security breaches. Small...

gbafNews28 gbafNews28
News2 hours ago

Fusion energy start-up HB11 Energy launched to accelerate German-Australian physicist Heinrich Hora's vision of clean, safe and abundant fusion energy

HB11 Energy raised $A 4.6M in an over-subscribed pre-seed financing round. HB11 Energy has launched its experimental program developing a...

gbafNews28 gbafNews28
News2 hours ago

Texas Tech University Selects Heliospectra's Adjustable ELIXIA LED Lighting Solutions

GOTHENBURG, Sweden, Feb. 19, 2021 /PRNewswire/ — Heliospectra AB (publ) (Nasdaq First North Growth Market: HELIO, and North American ADR...

gbafNews28 gbafNews28
News2 hours ago

WiMi Wins Bid for Second Phase of China Mobile AND Media Cloud Platform's Remote Interaction Holographic Project

BEIJING, Feb. 19, 2021 /PRNewswire/ — WiMi Hologram Cloud Inc. (Nasdaq: WIMI) (“WiMi” or the “Company”), a leading Hologram Augmented...

gbafNews28 gbafNews28
News2 hours ago

KAMPOS Expands into South Korea & Strengthens Its Sustainable Mission Internationally

PORTO CERVO, SARDINIA – Media OutReach – 10 February 2021 – KAMPOS, the ultimate Italian brand promoting luxury with integrity, is expanding overseas by...

gbafNews28 gbafNews28
News2 hours ago

GEODIS Charters Tonnage to Alleviate Container Capacity Shortage on Asia-Europe Trade

LEVALLOIS, PERRET – Media OutReach – 10 February 2021 – GEODIS, a leading global supply chain operator, provides its customers with guaranteed space in...

gbafNews28 gbafNews28
News2 hours ago

New Fujitsu LIFEBOOK takes New Workstyle Productivity to the Next Level

News facts: New line-up to enable the new normal includes high-performance business notebooks with 11th Gen Intel® CoreTM vProTM Processor...

gbafNews28 gbafNews28
News2 hours ago

A1 WORKMAN responds to the market of the home renovation trends

HONG KONG SAR – Media OutReach – 9 February 2021 – Although Covid-19 has brought depression to the world, it does not...

gbafNews28 gbafNews28
News2 hours ago

Fruitually keeps the supply of fruits to meet with the sales boom of the festive season

HONG KONG SAR – Media OutReach – 9 February 2021 – The Chinese New Year is approaching, and the sales boom of fruits has...