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InnoCSR Secures New Investment from ADB Ventures, Garden Impact Fund, and Clarion Newlife Capital to Advance Green Non-Fired Brick Manufacturing in South Asia

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KATHMANDU, Nepal and SEOUL, South Korea, Feb. 21, 2024 /PRNewswire/ — InnoCSR, at the forefront of sustainable construction innovation, has secured a substantial investment for its technology, Good Bricks System, through a successful Series A funding round. This new investment comes from ADB Ventures, along with support from Singapore-based Garden Impact Fund and Clarion Newlife Capital. The funds will be instrumental in accelerating operations and driving the widespread adoption of the Good Bricks System across Nepal and the rest of Asia.

This strategic investment marks a pivotal moment in Good Bricks System’s quest to revolutionize the traditional brick manufacturing industry with its non-fired, clean brick-making technology, significantly reducing the environmental, economic, and health impacts caused by the manufacturing of traditional fired bricks.

South Asia alone is home to nearly a quarter of total global fired brick production. Being one of Nepal’s main industries, brick production burns nearly 1 million tons of coal annually, accounting for 37% of the country’s total CO2 emissions, significantly impacting the environmental health of the Himalayas.

As InnoCSR’s flagship technology, Good Bricks System offers a holistic solution to developing high-quality, durable non-fired bricks without harming the environment. By collaborating directly with existing and future brick kiln owners, Good Bricks System not only maintains cost competitiveness but also significantly enhances their productivity. This approach addresses industry challenges head-on, showcasing the Good Bricks System’s multifaceted impact, something its new investors highly value.

“The Good Bricks System is poised to disrupt South Asia’s carbon-intensive brick manufacturing industry, which heavily relies on decades-old processes and technology,” said Arsalan Farooquee from ADB Ventures.

“With ADB’s extensive infrastructure operations in the region, there is a strong synergy that can be leveraged to support the deployment of impactful tech solutions like the Good Bricks System at scale.”

This new investment from Garden Impact Fund, Clarion Newlife Capital, and ADB Ventures, will be instrumental in expanding the reach of the Good Bricks System across Nepal and other parts of Asia, fostering a shift towards greener practices within the construction sector.

“We are thrilled to receive this investment. It not only reaffirms the positive impact of Good Bricks System but it also propels us closer to our vision of transforming the brick manufacturing industry which has lacked innovation,” said InnoCSR Chief Executive Officer, Sam Yoonsuk Lee.

Already making strides in Nepal, Good Bricks System is scheduled to launch in India and Pakistan in early 2024.

About InnoCSR

Since its inception in 2008, InnoCSR has been working with multinational corporations, governments, and global NGOs across Asia, to find and transfer technologies that create positive social, environmental, and financial impact. InnoCSR has come to crystallize its efforts into a proprietary technology called Good Bricks System, which offers a revolutionary way for the construction industry to boost productivity while mitigating harmful environmental impact. The Good Bricks System uses a special soil stabilizer material technology to produce strong, global standard quality bricks. The technology reduces production time by up to 80% while cutting greenhouse gas emissions as it does not require burning.

The advantages InnoCSR offers in terms of cost, labor intensity and the environment, have gained increasing recognition from international organizations and investors. InnoCSR’s Good Bricks System is already being used in Nepal and aims to expand into Pakistan and India in early 2024.       

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Margex Adds RLUSD Stablecoin as Collateral for Trading Crypto Pairs

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Margex announces the listing of RLUSD stablecoin on its platform for all users

VICTORIA, Seychelles, Jan. 1, 2025 /PRNewswire/ — Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce the listing of RLUSD stablecoin on its platform for all users.

Margex exchange is thrilled to be the first crypto platform to include RLUSD stablecoin as collateral for trading different cryptocurrency pairs. This enables its users to have access to reliable, flexible, and secure trading facilities.

Ripple USD (RLUSD) is a stablecoin designed to provide cross-border payment that is efficient and cost-efficient compared to traditional financial systems when carrying out large transactions. Ripple’s new stablecoin (RLUSD) is developed on the XRP ledger and Ethereum network, offering security, deep liquidity for users, and fast transactions as a competitive player in the stablecoin industry.

The Ripple stablecoin (RLUSD) is pegged 1:1 to the U.S. dollar (USD) to gain stability through a collateralization mechanism using dollar deposits, government bonds, and other cash equivalents to ensure reliable and secure digital currency.

Margex Integrates TradingView to Simplify Market Analysis for Users

Margex exchange also integrates the TradingView charting tool on its platform to elevate users’ trading experience. This tool enables users to access over 100+ technical indicators, 110+ drawing tools, and 17+ chart types without leaving the Margex platform.

About Margex

Margex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level. Users of all types can earn a return on their equity by replicating the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies.

With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry.

Follow Margex on Facebook, Twitter, Telegram, Discord, and YouTube, or join the Margex team.

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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SOURCE Margex

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Rockford Fosgate celebrates its 45th Anniversary and continues to set the standard of excellence in the audio industry

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TEMPE, Ariz., Jan. 1, 2025 /PRNewswire/ — Rockford Fosgate (www.rockfordfosgate.com), a global leader in high-performance audio systems, proudly celebrates its 45th anniversary, marking nearly five decades of groundbreaking innovation, customer dedication, and industry leadership. Since its founding in 1980, the company has been at the forefront of audio advancements across mobile, marine, motorcycle, and motorsports platforms.

“We’re excited to celebrate 45 years of serving our customers and shaping the audio industry,” said Zach Luke, President. “This milestone reflects the passion and hard work of our employees, the loyalty of our customers, and the strong partnerships we’ve built over the years. We look forward to continuing this journey into the future.”

Jim Fosgate, the visionary behind Rockford Fosgate, is widely recognized as the pioneer of the car audio amplifier. In the early 1970s, Fosgate and his fellow audio enthusiasts began experimenting with sound reproduction and automotive acoustics, leading to the debut of the first Fosgate Electronics® product at the 1973 Consumer Electronics Show in Chicago. Soon after, he developed the Punch Equalization circuit and introduced the first car stereo systems to the market. In 1980, with the help of investment partners, Rockford Fosgate officially launched and began revolutionizing the in-car audio experience.

To commemorate this significant milestone, Rockford Fosgate will unveil a series of special collaborations throughout the year. “This anniversary isn’t just about reflecting on our accomplishments; it’s about celebrating the people who’ve been part of our journey,” said Tammy Lowe, Director of Marketing. “We’re thrilled to share our excitement for what lies ahead.”

For more information, please visit rockfordfosgate.com

About Rockford Fosgate
Setting the standard for excellence in the audio industry, Rockford Corporation markets high-performance audio systems under the brand Rockford Fosgate® for the mobile, marine, motorsport, and motorcycle audio aftermarket and OEM market. Headquartered in Tempe, Ariz., Rockford Corporation is a wholly owned subsidiary of Patrick Industries, Inc. (NASDAQ: PATK).

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Oceanfoam Becomes Carbon Positive in 2025: A Huge Milestone for the Sustainable Foam Roller and Workout Mat Brand

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The pioneering brand making foam products with algae and recycled foam has cleaned over 1m+ gallons of water, removed 1.3k+ tons of carbon dioxide from the atmosphere and removed 7.9k+ pounds of plastic from the ocean.

NAPLES, Fla., Jan. 1, 2025 /PRNewswire/ — Oceanfoam, an active lifestyle brand committed to sustainability, announces it has achieved a carbon positive status going into 2025. A newcomer in the fitness and wellness industry, the sustainable company is poised to continue simultaneously revolutionizing the fitness industry and helping the planet, making a significant environmental impact and raising awareness. The company designs fitness products made with Bloom algae and recycled material. In addition to foam rollers, Oceanfoam has released workout and yoga mats, wave ball rollers and workout blocks.

By prioritizing sustainability in the development of each item, Oceanfoam has made a significant environmental impact. The brand has cleaned over 1,026,896 gallons of water, removed 1,319.91 tons of carbon dioxide from the atmosphere and removed 7,947 pounds of plastic from the ocean. The algae used is harvested from North America’s overabundant supply (due to the rise of global temperatures), thus helping to clean the water and reduce the amount of carbon released into the air.

“We’ve been working on this for a year since we launched and Oceanfoam is now officially carbon positive!,” said Founder Zachary Quinn. “We believe products can be more than objects. Foam rollers live in our living rooms, bedrooms, offices, gyms and workout studios; they need to look good and make you feel good. We set out to design a foam roller that you didn’t have to put in your closet, and now we’ve made it one that you can be proud of.”

Oceanfoam achieved its carbon positive status through the following:

Algae-Based Materials: Producing products with Bloom Materials reduces plastic consumption while capturing carbon and cleaning water through removing algae from the environment.Carbon Offsetting: Partnering with Climate Partner, the team offset the remaining carbon emissions from all of its production and shipping to ensure its operations go beyond carbon neutrality.Ocean Plastic Cleanup: Through collaborations with 4Ocean and Ecodrive, the brand actively contributes to cleaning up plastic waste from the world’s oceans, helping to protect marine ecosystems. With every order, one pound of ocean plastic is removed.

This certification and offset will also add a “Climate Pledge Friendly” badge to all of Oceanfoam’s products on Amazon, alerting consumers of products that have sustainability features recognized by trusted certifications. For more information, visit oceanfoam.com.

About Oceanfoam:
Oceanfoam creates high-quality, durable and beautiful active lifestyle products with algae and recycled materials to create a healthier, cleaner environment – where beauty and function meet sustainability.

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SOURCE Oceanfoam

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