Technology

Stoke Space Announces $100 Million in New Investment

Published

1 year ago

October 5, 2023

The Series B Funding brings Stoke’s Total Investment to $175 million.
Investment to Fund Further Development of its Fully Reusable Rocket and New Construction at Launch Complex 14 at Cape Canaveral Space Force Station, Fla.

DALLAS, Oct. 5, 2023 /PRNewswire/ — Stoke Space, the rocket company building the world’s most efficient fully and rapidly reusable rocket, announced today $100 million in new Series B investment to drive continued growth and innovation. This investment more than doubles the company’s total funding, which now sits at $175 million. The company also announced the official name of its first rocket: Nova.

“This new round of funding is a huge vote of confidence in our team,” said Andy Lapsa, CEO and Co-Founder, Stoke Space.

The funding round was led by Industrious Ventures with participation from the University of Michigan, Sparta Group, Long Journey, and others. Existing investors Breakthrough Energy, YCombinator, Point72 Ventures, NFX, MaC Ventures, Toyota Ventures, and In-Q-Tel also participated. This latest funding round is evidence of strong demand for Stoke’s services, its growing success, and the confidence of investors in its future. As part of this round of fundraising Steve Angel, Chairman of the Board, Linde plc, will join Stoke’s Board of Directors. Angel is also the former CEO of Linde and a member of the Board of Directors of GE. “Stoke Space has a track record that speaks for itself,” Angel said. “I look forward to working alongside the team in order to support the development of a new space economy.”

Stoke intends to use the funding to finance the development of its first stage rocket engine and structure, the orbital version of its reusable second stage, and new construction at the historic Launch Complex 14 at Cape Canaveral Space Force Station, Fla. Launch Complex 14 is most well known as the launch site of NASA’s Mercury-Atlas 6 flight in 1962, piloted by NASA Astronaut John Glenn as part of NASA’s Project Mercury. Glenn was the first American to orbit the Earth. Stoke has been granted dedicated use of Launch Complex 14 by the US Space Force for its orbital flights.

“With our unique second stage design, our team at Stoke is attempting to build the most robust fully reusable rocket in the world – one that turns around in 24 hours throughout a long service life,” said Andy Lapsa, CEO and Co-Founder, Stoke Space. “This new round of funding is a huge vote of confidence in our team and the progress we’ve made,” Lapsa added. “We will now continue moving through our development program by increasing focus on our reusable first stage.”

In addition to announcing new funding in Stoke, Lapsa revealed the name of the company’s rocket: Nova. The term “nova” refers to an astronomical event in which a new star is born from the combination of remnants of old stars, “Our vehicle designs build on the ideas and achievements of prior generations. The name Nova is a way to honor that past heritage while looking ahead to a very exciting future,” Lapsa explained.

Lapsa made today’s announcements during remarks delivered at the UP.Summit in Dallas, an invitation-only gathering of 250 of the world’s most innovative minds rethinking the future of transportation. Investors in attendance represent over $1T worth of investable capital.

The investment comes on the heels of the company’s successful vertical takeoff and vertical landing (VTVL) developmental test flight of its reusable second stage conducted Sept. 17 at Stoke’s testing facility in Moses Lake, Wash. The test successfully demonstrated Stoke’s novel hydrogen/oxygen engine, regeneratively cooled heat shield, and differential throttle thrust vector control system, as well as its avionics, software, and ground systems.

About Stoke Space

Stoke is scaling the space economy by providing low-cost, on-demand transport to, through, and from space. It’s developing fully and rapidly reusable rockets and space vehicles designed to operate with aircraft-like frequency. Stoke’s technology development has been funded by the U.S. Space Force, NASA, the National Science Foundation, and other government and private partners.

About UP.Summit

UP.Summit is an annual, invitation-only gathering of the world’s most innovative minds rethinking the future of transportation. Some of the most impactful investors, entrepreneurs, and leaders in policy, defense, transportation and mobility companies gather at the summit each year with the goal of moving people and goods in cleaner, faster, safer, and at lower-cost ways – on the ground, in the air, on the sea, and in space. UP.Summit was founded in 2017 and is jointly organized by UP.Partners, Tom and Steuart Walton, and Ross Perot Jr.

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SOURCE Stoke Space Technologies, Inc.

Technology

VPN Proxy Master Leads the 2024 VPN Market with New Features and Holiday Deals

Published

2 hours ago

December 23, 2024

SINGAPORE, Dec. 22, 2024 /PRNewswire/ — As the demand for online privacy reaches unprecedented levels, the global VPN market has seen a remarkable surge of over 30% in 2024. Addressing this growing need for secure and unrestricted internet access, VPN Proxy Master, a trusted name in network security, has introduced significant updates and exclusive offers to empower users worldwide.

A Growing Need for Privacy: VPN Market Trends in 2024

With increasing concerns over cybersecurity, the VPN market has become essential for professionals and everyday users alike. The growth in 2024 has been driven by heightened awareness of data privacy, as cyber threats and public Wi-Fi risks make secure browsing a top priority.

VPN Proxy Master continues to lead the charge in the cyber security space, offering cutting-edge security features that protect users from various online vulnerabilities. From securing sensitive work documents to maintaining anonymity while streaming, VPN Proxy Master is designed to meet the diverse needs of its growing user base.

Enhanced Features for Windows Users

One of VPN Proxy Master’s most exciting updates for 2024 is the introduction of seven free server options for Windows users, expanding access far beyond the single US-based server previously available. This feature ensures a smoother and more flexible browsing experience, allowing users to choose the best connection for their location and needs.

“Our goal has always been to provide users with unparalleled convenience and security,” says a VPN Proxy Master spokesperson. “This update is part of our commitment to creating a user-friendly platform that exceeds expectations.”

Why Users Choose VPN Proxy Master

With over 6,000 fully encrypted servers worldwide, VPN Proxy Master has become a preferred choice for professionals and individuals seeking secure online solutions. The platform’s top features include:

100% No-Log Policy: User activity is never tracked or storedAES 256-Bit Encryption: The highest standard of online securityMulti-Device Coverage: Protect up to six devices simultaneouslyExceptional User Reviews: High ratings from satisfied customersLightning-Fast Connections: Optimised servers ensure speed without compromise

Users Are Empowering Online Freedom

Across the globe, VPN Proxy Master users are benefiting from its powerful features.

Jonathan, a frequent traveler from the US, shares: “I rely on VPN Proxy Master to access work files securely when I’m on public Wi-Fi. It’s fast, reliable, and keeps my data safe.”Sophie, a digital nomad from the UK, adds: “Online privacy is non-negotiable for me. VPN Proxy Master ensures I can browse and work securely, no matter where I am.”

These testimonials illustrate how VPN Proxy Master not only protects users but also enhances their productivity and peace of mind.

Celebrate the Holidays with a Special Christmas Offer

As a token of appreciation for its loyal users, VPN Proxy Master is introducing an exclusive Christmas promotion. From now until January 2, 2025, customers purchasing a VPN subscription will receive an additional three months of service free. This limited-time offer provides an excellent opportunity for users to safeguard their online activities during the festive season and into the new year.

The Most Secure Global VPN for Professionals

VPN Proxy Master’s dedication to innovation and user-focused solutions has cemented its position as a leader in the industry. With a no-log policy, AES 256-bit encryption, and multi-device support, the platform is designed for users who value privacy, efficiency, and reliability.

Join the VPN Proxy Master Community

The company’s mission is to make the Internet a safer and more accessible space for all. Whether you’re a professional protecting sensitive work data, a student seeking unrestricted access to resources, or a family looking to enhance online safety, VPN Proxy Master has the right solution for you.

To learn more about VPN Proxy Master, explore its features, or take advantage of the Christmas promotion, visit the official website at vpnproxymaster.com or follow our X account: https://x.com/VPNProxyMaster_ for the latest updates and offers.

About VPN Proxy Master
VPN Proxy Master is a flagship product of Lemon Clove Pte. Limited, committed to delivering advanced VPN technology to users worldwide. With an emphasis on privacy, security, and reliability, the platform empowers users to take control of their digital experiences in an increasingly connected world.

For inquiries, please contact:
Email: support@vpnproxymaster.com

This holiday season, give yourself the gift of online security with VPN Proxy Master—where privacy and performance meet.

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SOURCE VPN Proxy Master

Technology

Goldpac Wins the 2024 KPMG China Corporate Governance Pioneers Award

Published

2 hours ago

December 23, 2024

HONG KONG, Dec. 23, 2024 /PRNewswire/ — Recently, KPMG China announced the winners of the Second KPMG ESG 50 Awards • 2024. Goldpac was awarded with the Corporate Governance Pioneers with its outstanding performance in terms of governance structures, decision-making mechanisms, internal control, information disclosure, protection of shareholders’ equity, etc.

As the leading fintech enterprise around the globe, Goldpac has always maintained good profitability since its listing, and has achieved a total revenue of RMB 16.1 billion and a total profit of RMB 1.9 billion, remaining leading profitability in the industry. While committing itself to steady growth, Goldpac also maintains an active and stable dividend policy to actively return to its shareholders.

At the same time, Goldpac attaches great importance on technology development and sustainable growth. Riding the wave of global digitalisation, Goldpac is accelerating the promotion of its digital and platform-based strategy, using the UMV platform that integrates cutting-edge technologies such as AI and big data to build an innovative ecosystem of secure payment chain with upstream and downstream industry participants. Moreover, Goldpac also continues to promote the expansion of secure payment chips into multiple fields, broadening its service territory.

Goldpac always combines its business operations with the co-development of the environment and the society, and has established an effective ESG governance system covering ESG objectives such as energy saving and emission reduction, promotion of green and low-carbon products, green procurement, digital construction, competitiveness and profitability.

Regarding the protection of shareholders’ equity, Goldpac adopts sufficient and effective information disclosure and market communication strategies to maintain good transparency, which is acknowledged by the capital market. Therefore, Goldpac was awarded with many honors like the “Best Shareholder Return Listed Company”, the “Most Social Responsible Listed Company” , building a sustainable internal and external ecology.

In recent years, ESG practices have become one of the key elements for corporate value realisation and resilient growth. Looking ahead, Goldpac will adhere to the global ESG development trend, give full play to its advantages in financial technology, and continuously improve its digital competitiveness to promote sustainable economic and social development.

View original content:https://www.prnewswire.com/apac/news-releases/goldpac-wins-the-2024-kpmg-china-corporate-governance-pioneers-award-302337109.html

SOURCE Goldpac Group

Technology

JA Solar and Huawei Collaborate with UNESCO and Thailand’s Ministry of Education to Advance Green Education

Published

2 hours ago

December 23, 2024

BEIJING, Dec. 23, 2024 /PRNewswire/ — JA Solar, a global leader in the PV industry, recently joined forces with Huawei, UNESCO, and Thailand’s Ministry of Education to launch a green education initiative at the Banna District Learning Encouragement Center in Nakhon Nayok Province, Thailand. The project aims to provide clean energy solutions and digital education opportunities to 11 schools and community centers, fostering a new generation equipped with green skills and digital literacy.

As a key component of this initiative, JA Solar donated its high-efficiency n-type PV modules, DeepBlue 4.0 Pro, to schools, deeply engaging in the construction of a green school education system by installing solar PV and energy storage equipment in multiple middle schools, and providing training on the application and management of green energy for teachers and students to help them understand the practical value of clean energy. DeepBlue 4.0 Pro, renowned for its high conversion efficiency and high reliability, enabling schools to achieve a sustainable clean energy supply.

Moreover, JA Solar is committed to enhancing vocational education by helping schools establish dedicated training bases for solar PV system installation. Through comprehensive practical courses, students gain vital skills in installation, maintenance, and operation of PV systems, preparing them for future careers in the burgeoning renewable energy sector.

One of the project’s first implementation sites, Kanchanapisek Vocational Training College, is integrating the donated solar PV system into its teaching curriculum. Students benefit from simulated real-world installation and maintenance scenarios, gaining key employability skills. Meanwhile, at the Banna District Learning Encouragement Center, JA Solar and its partners installed solar energy storage systems for the community library and learning center. In addition, a “Digital Bus” was introduced to offer mobile digital education, providing free training on telecommunications, cybercrime awareness, and green energy to local residents and students. These efforts not only improve the community’s energy efficiency but also create valuable learning and development opportunities.

With plans to extend this program to additional schools and communities, JA Solar and its partners aim to maximize the dual benefits of green energy and digital education, contributing significantly to sustainable development in Thailand and globally.

“We are honored to contribute to Thailand’s green education project,” said Aiqing Yang, Executive President of JA Solar. “Upholding our mission of ‘Developing Solar Power to Benefit the Planet,’ this initiative not only accelerates Thailand’s energy transition but also empowers students with practical knowledge to build a sustainable future. Looking ahead, JA Solar will continue to deliver green energy solutions and educational resources to more regions, advancing together toward a low-carbon, sustainable future.”

SOURCE JA Solar Technology Co., Ltd.