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TOTAL PLAY ANNOUNCES 15% GROWTH IN EBITDA, TO Ps.18,361 MILLION IN 2023

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11 months ago

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—11% increase in revenue and 9% growth in costs and expenses in 2023, boost EBITDA margin to 45%, highest annual level since the company issues public debt—

—Subscriber base growth moderation strategy and strict financial discipline significantly strengthen Total Play’s profitability, cash flow and liquidity—

—Firm increase in the company’s cash and restricted cash balance; it grows 48%, to Ps.5,754 million at the end of the year—  

MEXICO CITY, Feb. 20, 2024 /PRNewswire/ — Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico that offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, today announced financial results for the fourth quarter 2023 and 2023.

“The strategy to moderate the growth of our subscriber base and initiatives that further drive operational efficiency, launched in 2023, together with the company’s strict financial discipline, notably strengthened the profitability and cash generation of Total Play during the year. Rigorous budget planning, process optimization and structures rationalization translated into lower annual growth in costs and expenses compared to revenue and in a firm 15% increase in EBITDA in 2023,” commented Eduardo Kuri, CEO of Total Play. “Capex figures, consistent with our solid strategy, allowed a significant positive balance of EBITDA less Capex – a fundamental indicator of cash flow generation – of Ps.2,735 million in 2023, notably higher than the negative figure of Ps.6,493 million a year ago.”

“Likewise, the company’s balance sheet was additionally strengthened, with a 48% growth in the cash and restricted cash balance, to Ps.5,754 million at the end of 2023, while the appropriate planning of the maturity profile allowed us to reduce debt with cost of short-term loans by 34%,” added Mr. Kuri. “Our firm strategy has translated into increasing financial strength this year and we are determined to further drive the liquidity and robustness of Total Play’s capital structure going forward.”

Fourth quarter results

Revenue for the quarter totaled Ps.10,674 million, 10% above Ps.9,736 million in the same period of the previous year. Total costs and expenses were Ps.5,938 million, compared to Ps.5,356 million the previous year.

As a result, Total Play’s EBITDA grew 8%, to Ps.4,736 million, from Ps.4,380 million a year ago; the EBITDA margin for the quarter was 44%. The company recorded operating income of Ps.605 million, compared to Ps.747 million a year ago.

Total Play reported a net loss of Ps.1,024 million, from a loss of Ps.438 million in the same quarter of 2022.

    Q4 2022 

    Q4 2023 

   Change 

Ps. 

%

Revenue from services 

$9,736

$10,674

$938

10 %

EBITDA       

$4,380

$4,736

$356

8 %

Operating income 

 

Net result       

$747 

  

$(438) 

$605

  

$(1,024) 

$(142) 

  

$(586) 

-19% 

  

-134% 

Amounts in millions of pesos.
EBITDA: Earnings before interest, depreciation, and amortization.

Service revenue

The company’s revenue grew 10%, as a result of a 7% increase in sales in the residential segment, and a 29% increase in revenue from the corporate business.

Totalplay Residencial’s revenue growth, to Ps.8,945 million, compared to Ps.8,398 million the previous year, is related to a 10% increase in the number of subscribers of the company’s services in the year, to reach 4,779,480 — a figure that includes 69,554 small and medium-sized businesses — at the end of 2023. Compared to the previous quarter, the number of net additions grew by 85,774 users, in line with Total Play’s subscriber base growth moderation strategy.

The quarter’s average revenue per subscriber (ARPU) was Ps.616, from Ps.617 a year ago.

As previously announced, in the first quarter of the year the company’s investment program in geographic expansion concluded, given that the territory in which its target market is located throughout the country was reached. According to this, the number of homes passed in Mexico at the end of this period was 17,556,755, a figure with minor variations during 2023. Compared to the same quarter of 2022 — in which the number of homes passed was 17,332,265 — the growth was 1%.

Penetration — proportion of homes passed by Total Play that have the company’s telecommunications services — was 27.2% at the end of the quarter, up from 25.2% a year ago.

Revenue from the business segment was Ps.1,729 million, from Ps.1,338 million the previous year, due to the implementation of various projects by business organizations this quarter.

Costs and expenses

Total costs and expenses grew 11%, as a result of a 19% increase in service costs and a 7% growth in general expenses.

The increase in expenses, to Ps.3,874 million, from Ps.3,627 million, reflects higher maintenance and fee expenses — in the context of growing operations in the company —partially offset by reduction in personnel and advertising expenses, derived from strategies that generate strong operational efficiencies.

The increase in costs, to Ps.2,064 million, from Ps.1,729 million the previous year results mainly from increased costs of content and business projects, partially offset by lower costs of licenses and interconnection links.

EBITDA and net result

Total Play’s EBITDA was Ps.4,736 million, 8% higher compared to Ps.4,380 million the previous year.

Relevant variations below EBITDA were the following:

Increase of Ps.498 million in depreciation and amortization, mainly as a result of subscriber acquisition costs — telecommunication equipment, labor and installation expenses.

Growth of Ps.172 million in interest expense, consistent with the increase in the balance of financial debt.

Decrease of Ps.636 million in foreign exchange gains, as a consequence of net liability monetary position in foreign currency, together with lower appreciation of the peso against the basket of currencies in which the company’s monetary liabilities are denominated this quarter, compared to the previous year.

Total Play reported a net loss of Ps.1,024 million, from a loss of Ps.438 million in the same period of 2022.

Balance sheet

As of December 31, 2023, the company’s debt with cost was Ps.52,199 million, compared to Ps.49,533 million the previous year. The growth of the debt balance is related to credits with financial institutions during the period.

Consistent with the strategy to expand the company’s maturity profile, the balance of debt with cost for short-term loans was reduced 34%, to Ps.4,573 million, from Ps.6,973 million a year ago.

The lease liability was Ps.5,665 million, 20% lower compared to Ps.7,073 million the previous year.

The balance of cash and cash equivalents, as well as restricted cash in trusts totaled Ps.5,754 million, 48% higher compared to Ps.3,878 million a year ago. As a result, the company’s net debt was Ps.52,110 million, 1% lower than Ps.52,728 million the previous year.

Total Play’s fixed assets — which include the accumulated investment in fiber optics, telecommunications equipment, and the cost of acquiring subscribers, among other assets — were Ps.61,946 million, 7% above Ps.58,165 million a year ago.

Twelve-month results

Revenue for 2023 was Ps.40,503 million, 11% above Ps.36,352 million from the previous year, within the framework of growth of 13% in residential income, to Ps.34,586 million, and 2% in business income, to Ps.5,917 million.

Total costs and expenses grew 9%, to Ps.22,142 million, from Ps.20,384 million, as a result of a 12% increase in general expenses and a 3% increase in service costs. Total costs and expenses grow at a lower rate than income as a result of strict compliance with budgets and strategies that generate operational efficiencies throughout the company.

Total Play reported EBITDA of Ps.18,361 million, 15% above the Ps.15,968 million of the previous year; The EBITDA margin was 45%, one percentage point above the previous year. Operating income was Ps.2,316 million, from a profit of Ps.3,097 million in 2022.

The company recorded a net loss of Ps.3,147 million, compared to a loss of Ps.2,251 million a year ago.

2022

2023

   Change 

Ps. 

%

Revenue from services 

$36,352

$40,503

$4,151

11 %

EBITDA       

$15,968

$18,361

$2,393

15 %

Operating income 

  

Net result       

$3,097 

  

$(2,251) 

$2,316 

  

$(3,147) 

$(781) 

  

$(896) 

-25% 

  

-40% 

Amounts in millions of pesos.
EBITDA: Earnings before interest, depreciation, and amortization. 

About Total Play

Total Play is a leading Triple Play provider in Mexico that, thanks to the widest direct-to-home fiber optic network in the country, offers entertainment and technologically advanced services with the highest quality and speed in the market. For the latest news and updates about Total Play, visit: www.totalplay.com.mx.

Total Play is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. Each of the Grupo Salinas companies operates independently, with its own management, board of directors, and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance.

Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.

Investor Relations:

Bruno Rangel
+ 52 (55) 1720 9167
jrangelk@totalplay.com.mx 

Rolando Villarreal
+ 52 (55) 1720 9167
rvillarreal@totalplay.com.mx 

Press Relations:

Luciano Pascoe
Tel. +52 (55) 1720 1313 ext. 36553
lpascoe@gruposalinas.com.mx 

 

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I.  DE C.V. AND SUBSIDIARIES

CONSOLIDATED QUARTERLY INCOME STATEMENTS

(Millions of Mexican pesos)

4Q22

4Q23

Change

$

%

$

%

$

%

Revenue from services

9,736

100 %

10,674

100 %

938

10 %

Cost of services

(1,729)

(18 %)

(2,064)

(19 %)

(335)

(19 %)

Gross profit

8,007

82 %

8,610

81 %

603

8 %

General expenses

(3,627)

(37 %)

(3,874)

(36 %)

(247)

(7 %)

EBITDA

4,380

45 %

4,736

44 %

356

8 %

Depreciation and amortization

(3,633)

(37 %)

(4,131)

(39 %)

(498)

(14 %)

Operating profit 

747

8 %

605

6 %

(142)

(19 %)

Financial cost:

Interest revenue

38

0 %

53

0 %

15

39 %

Change in fair value of financial instruments

(216)

(2 %)

(113)

(1 %)

103

48 %

Accrued interest expense

(1,289)

(13 %)

(1,461)

(14 %)

(172)

(13 %)

Other financial expenses

(99)

(1 %)

(54)

(1 %)

45

45 %

Foreign exchange gain – Net

1,248

13 %

612

6 %

(636)

(51 %)

(318)

(3 %)

(963)

(9 %)

(645)

n.m. 

Equity interest in net results of non-controlling entities

(1)

(0 %)

–

0 %

1

100 %

Profit (Loss) before income tax provisions

428

4 %

(358)

(3 %)

(786)

(184 %)

Income tax provision

(885)

(9 %)

(666)

(6 %)

219

25 %

Net loss before non-controlling interest

(457)

(5 %)

(1,024)

(10 %)

(567)

(124 %)

Non-controlling interest

19

0 %

–

0 %

(19)

(100 %)

Net Loss for the period

(438)

(4 %)

(1,024)

(10 %)

(586)

(134 %)

 

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND SUBSIDIARIES

CONSOLIDATED ACCUMULATED INCOME STATEMENTS

(Millions of Mexican pesos)

Accumulated

Accumulated

12M22

12M23

Change

$

%

$

%

$

%

Revenue from services

36,352

100 %

40,503

100 %

4,151

11 %

Cost of services

(7,588)

(21 %)

(7,801)

(19 %)

(213)

(3 %)

Gross profit

28,764

79 %

32,702

81 %

3,938

14 %

General expenses

(12,796)

(35 %)

(14,341)

(35 %)

(1,545)

(12 %)

EBITDA

15,968

44 %

18,361

45 %

2,393

15 %

Depreciation and amortization

(12,871)

(35 %)

(16,045)

(40 %)

(3,174)

(25 %)

Operating profit

3,097

9 %

2,316

6 %

(781)

(25 %)

Financial cost:

Interest revenue

98

0 %

191

0 %

93

95 %

Change in fair value of financial instruments

(358)

(1 %)

(576)

(1 %)

(218)

(61 %)

Accrued interest expense

(4,228)

(12 %)

(5,528)

(14 %)

(1,300)

(31 %)

Other financial expenses

(254)

(1 %)

(393)

(1 %)

(139)

(55 %)

Foreign exchange gain – Net

1,337

4 %

3,384

8 %

2,047

153 %

(3,405)

(9 %)

(2,922)

(7 %)

483

14 %

Equity interest in net results of non-controlling entities

(1)

(0 %)

(19)

(0 %)

18

n.m.

Profit (Loss) before income tax provisions

(309)

(1 %)

(625)

(2 %)

(316)

(102 %)

Income tax provision

(1,969)

(5 %)

(2,522)

(6 %)

553

28 %

Net loss before non-controlling interest

(2,278)

(6 %)

(3,147)

(8 %)

(869)

(38 %)

Non-controlling interest

27

0 %

–

0 %

27

100 %

Net Loss for the period

(2,251)

(6 %)

(3,147)

(8 %)

(896)

(40 %)

 

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Millions of Mexican pesos)

As of December 31,

2022

2023

Change

$

%

$

%

$

%

Assets

CURRENT ASSETS

Cash and cash equivalents

1,890

2 %

2,377

3 %

487

26 %

Restricted cash in trusts

1,988

2 %

3,377

4 %

1,389

70 %

Customers – net

5,506

7 %

4,426

5 %

(1,080)

(20 %)

Other accounts receivable

236

0 %

183

0 %

(53)

(22 %)

Recoverable taxes

3,810

5 %

4,141

5 %

331

9 %

Related parties

310

0 %

367

0 %

57

18 %

Inventories

2,342

3 %

2,926

3 %

584

25 %

Prepaid expenses

908

1 %

514

1 %

(394)

(43 %)

Total current assets

16,990

20 %

18,311

21 %

1,321

8 %

NON-CURRENT ASSETS

Related parties

154

0 %

237

0 %

83

54 %

Property, plant and equipmente – Net

58,165

70 %

61,946

71 %

3,781

7 %

Rights-of-use assets -Net

6,703

8 %

4,780

5 %

(1,923)

(29 %)

Trademarks and other assets

1,368

2 %

2,171

2 %

803

59 %

Total non-current assets

66,390

80 %

69,134

79 %

2,744

4 %

Total assets

83,380

100 %

87,445

100 %

4,065

5 %

Liabilities and Stockholders’ Equity

SHORT-TERM LIABILITIES

Financial debt

6,973

8 %

4,573

5 %

(2,400)

(34 %)

Lease liabilities

2,108

3 %

2,338

3 %

230

11 %

Trade payables

10,751

13 %

13,373

15 %

2,622

24 %

Reverse factoring

2,691

3 %

2,234

3 %

(457)

(17 %)

Other payables and payable taxes

2,446

3 %

1,473

2 %

(973)

(40 %)

Related parties

365

0 %

1,012

1 %

647

177 %

Liabilities from contracts with customers

986

1 %

994

1 %

8

1 %

Interest payable

385

0 %

316

0 %

(69)

(18 %)

Derivative financial instruments

126

0 %

175

0 %

49

39 %

Total short-term liabilities

26,831

32 %

26,488

30 %

(343)

(1 %)

LONG-TERM LIABILITIES

Financial debt

42,560

51 %

47,626

54 %

5,066

12 %

Lease liabilities

4,965

6 %

3,327

4 %

(1,638)

(33 %)

Derivative financial instruments

764

1 %

1,442

2 %

678

89 %

Employee benefits

49

0 %

74

0 %

25

51 %

Deferred income tax

2,355

3 %

5,253

6 %

2,898

123 %

Total long-term liabilities

50,693

61 %

57,722

66 %

7,029

14 %

Total liabilities

77,524

93 %

84,210

96 %

6,686

9 %

STOCKHOLDERS’ EQUITY

5,856

7 %

3,235

4 %

(2,621)

(45 %)

Total liabilities and stockholders’ equity

83,380

100 %

87,445

100 %

4,065

5 %

 

TOTAL PLAY TELECOMUNICACIONES, S.A.P.I. DE C.V. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Millions of Mexican pesos)

12th months period ended

December 31,

2022

2023

Operating activities:

Loss before income tax provision

(309)

(625)

Items not requiring the use of resources:

Depreciation and amortization

12,871

16,045

Employee benefits

27

16

Items related to investing or financing activities:

Accrued interest income

(98)

(191)

Accrued interest expense and other financial transactions

4,840

6,497

Unrealized foreign exchange gain

(1,299)

(3,420)

Derivative financial instruments valuation

45

–

Non-Controlling Participation

27

19

16,104

18,341

Resources (used in) generated by operating activities:

Customers and unearned revenue

(1,134)

1,087

Other receivables

(91)

53

Related parties, net

(91)

388

Taxes to be recovered

244

(330)

Inventories

(462)

(584)

Advance payments

(442)

394

Trade payables

3,253

2,401

Other payables

440

(952)

Cash flows generated by operating activities

17,821

20,798

Investing activities: 

Acquisition of property, plant and equipment

(22,461)

(15,626)

Other assets

82

(53)

Collected interest

98

191

Cash flows (used in) investing activities

(22,281)

(15,488)

Financing activities:

Capital contributions

122

–

Loans received

8,726

6,034

Leasing cash flows

(3,075)

(2,650)

Restricted Cash in Trusts

(1,101)

(1,389)

Reverse factoring

1,422

(457)

Derivative financial instruments

–

(1,012)

Interest payment

(3,910)

(5,349)

Cahs flows generated by (used in) financing activities

2,184

(4,823)

Net (decrease) increase in cash and cash equivalents

(2,276)

487

Cash and cash equivalents at the beginning of the year 

4,166

1,890

Cash and cash equivalents at the end of the year 

1,890

2,377

 

 

View original content:https://www.prnewswire.com/news-releases/total-play-announces-15-growth-in-ebitda-to-ps18-361-million-in-2023–302066709.html

SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.

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Technology

AI Wellness Launches “Ask My Avatar Challenge” at CES, Ushering in a Powerful New Way to Engage

Published

5 hours ago

on

January 4, 2025

By

Three Stations to Host Interactive Experiences from January 6–11

LAS VEGAS, Jan. 3, 2025 /PRNewswire/ — Assisted Intelligence Wellness (known worldwide as AI Wellness), a global leader in wellness innovation, proudly announces the Ask My Avatar Challenge, a groundbreaking interactive experience taking place during CES 2025. The event will be hosted across three premier locations:

 

IFEZ Innovation StationVenetian VIP SuiteDesert Moon Wellness

This weeklong activation from January 6–11 invites attendees to engage with cutting-edge AI-powered digital avatars representing some of the most influential visionaries in health, fitness, and wellness.

Interactive Wellness at Its Best

The Ask My Avatar Challenge offers attendees the chance to ask questions directly to AI-powered avatars of leading experts in health, wellness, and technology, gaining real-time insights into their fields of expertise.

Participants can also spin the wheel after engaging with the avatars to win big prizes related to health and wellness, further enhancing the interactive experience.

For those who engage with all the avatars across the challenge, grand prizes include:

AI Wellness Powersuit: Revolutionary EMS technology for physical recovery and performance.AI Wellness Smart Ring: Advanced wearable technology that tracks biometrics and optimizes health in real time bundled with our Powersuit until February 15, 2025.XO Sprayer with 1 Vial of Exosomes from JuveXO: A breakthrough in regenerative skincare and healing.30-Day Cellular Reset from Dr. Daniel Pompa: A complete wellness program designed to optimize cellular health and detoxification.Botox Treatment from Dr. Gideon Kwok: A premium aesthetic experience tailored to rejuvenate and refresh your look.Mr. Olympia Jacket: A coveted collectible celebrating excellence in the world of fitness.Potency No. 710 Wellness Products: A range of high-quality plant-based skincare and wellness solutions.

Wellness Prizes You Can Win

Participants will also have the chance to win innovative products, including:

epsolution™️: A premium blend of Magnesium Sulfate Epsom Salt and Siberian Fir essential oil, created by Nick and Nikki Giacara. Learn MoreMr. Lulu Skincare: Targeting pigmentation concerns like dark spots, acne scars, sun damage, melasma, and dull skin. Learn MoreGlobal Healing: Cutting-edge wellness products founded by Dr. Edward Group. Learn MoreSilverceuticals: Advanced silver-based health solutions by Dr. Keith Moeller. Learn MoreRejuran Scar Gel: A revolutionary approach to skincare and healing.Mindbody Matrix Water: A wellness breakthrough by Dr. TK Hyun. Learn MorePneuma Nitric Oxide: Solutions for nitric oxide health by Dr. Nathan Bryan. Learn MoreVisual Healing Experience: A collaboration between Louie Schwartzberg’s Moving Art, Assisted Intelligence Wellness, and Earable Neuroscience.

And more!

Meet the Avatars

Attendees can interact with the avatars of renowned thought leaders, including:

Dr. Daniel Pompa – A Leader in Real Natural Detox Health Solutions.Bernard Hiller – Top Hollywood Acting Coach, providing guidance on social, emotional, and intellectual wellness.Dr. Gideon Kwok – The Lifestyle Architect, specializing in aesthetic wellness and holistic health.Dr. Nathan Bryan – The Father of Nitric Oxide, exploring the science of nitric oxide and its health benefits.Louie Schwartzberg – Visual Healing Innovator, combining art and neuroscience for wellness.Dr. Jessie Cheung – The Vitality Visionary, focusing on sexual wellness and hormonal health.Louis Chabert (Mr. Lulu): Expert in skincare, targeting pigmentation concerns and advancing professional skincare products.Dan Solomon – President of Mr. Olympia, representing the pinnacle of fitness excellence.

Additionally, attendees can engage with avatars from the Top 111 Innovations, each representing cutting-edge solutions and insights into the future of health, wellness, and technology.

Join the Challenge Across Three Stations

The Ask My Avatar Challenge will take place at three distinct locations:

IFEZ Innovation Station: Discover global health innovations and interact with top industry avatars.Venetian VIP Suite: A luxurious setting for engaging with expert avatars and wellness solutions.Desert Moon Wellness: A tranquil space for holistic wellness experiences, open through January 11th, featuring wellness activations that demonstrate how avatars integrate into clinic-like settings.

Our content creators, film crew, social media team, and TV host will be on-site to engage attendees, guide them to the stations, and highlight the interactive elements of the challenge.

What You Can Do With Your Avatar

Creating a digital avatar unlocks endless possibilities:

Real-Time Engagement: Allow clients or customers to interact with your avatar anytime.24/7 Support: Integrate your avatar into platforms for scheduling, customer support, and more.Unlimited Content: Create high-quality, on-demand materials for education and marketing.Global Visibility: Use AI Wellness Screens, interactive platforms, and more to amplify your reach.

Quote from Founder, Abby Aboitiz

“The Ask My Avatar Challenge exemplifies how assisted intelligence and wellness can work together to create meaningful, engaging experiences. By bringing the wisdom of thought leaders and innovators to life through digital avatars, we’re bridging the gap between innovation and education in a way that’s accessible, exciting, and transformative.”

Quote from Dan Solomon, President of Mr. Olympia

“Technology and wellness are converging in incredible ways, and the Ask My Avatar Challenge is a perfect example. The top brands in the world are taking their game to an entirely new level by   By combining innovative tools like digital avatars with the knowledge of industry leaders, we’re shaping a future where fitness and health education are accessible, interactive, and transformative.”

About Assisted Intelligence Wellness (AI Wellness)

Assisted Intelligence Wellness is at the forefront of merging AI with health and wellness. From the Ask My Avatar Challenge to innovative partnerships, AI Wellness redefines how we engage with wellness through immersive digital experiences and cutting-edge technology.

For additional details or media inquiries:
Contact: info@aiwellness.ai
Website: aiwellness.ai

View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-wellness-launches-ask-my-avatar-challenge-at-ces-ushering-in-a-powerful-new-way-to-engage-302342225.html

SOURCE Assisted Intelligence Wellness, Inc.

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MALLINDA LAUNCHES GROUNDBREAKING VITRIMAX™ VHM RESIN, ENABLING ECONOMIC FULL RECYCLABILITY FOR COMPOSITES

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January 4, 2025

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DENVER, Jan. 3, 2025 /PRNewswire/ — Mallinda Inc., a pioneer in advanced polymer technology, today announced the commercial launch of Vitrimax™ Versatile Hot Melt (VHM) Resin, a revolutionary vitrimer-based composite resin system that transforms how manufacturers process and recycle high-performance composites. This breakthrough technology combines the superior mechanical properties of thermosets with the processing flexibility of thermoplastics, marking a significant advancement in sustainable manufacturing and, for the first time, enabling economic recyclability and reuse for high-performance composites. Mallinda targets 100% recycling and re-use of production scrap with Vitrimax™ VHM customers, and targets end-of-life circularity programs as well.  Due to molecular-level design for circularity, Vitrimax™ resins and their composites can always be profitably recycled at lower cost than their virgin inputs. Vitrimax™ VHM Resin and carbon fiber composite samples are available for immediate purchase at mallinda.com/shop. For more information about Vitrimax™ VHM and how it can transform your manufacturing processes, visit mallinda.com or contact info@mallinda.com. 

“Vitrimax VHM represents a paradigm shift in composite materials,” said Philip Taynton, CEO at Mallinda. “We’ve successfully bridged the gap between performance and sustainability, offering manufacturers unprecedented flexibility in scalable manufacturing and processing while maintaining the structural integrity demanded by modern applications.”

The launch follows successful commercial-scale production validation, with demonstrated batch consistency at 200L reactor scale and qualification for 2.1 tons per batch manufacturing. One day’s batch could produce 10,000 square meters of composite materials. Recognizing the transformative nature of this technology, multiple Fortune Global 500 companies already collaborate with Mallinda to commercialize VHM resins to their particular requirements.

Key Features and Benefits:

Revolutionary Vitrimer Technology: A new polymer class combining thermoset performance with thermoplastic processabilityInfinite Recyclability: Enables truly circular manufacturing with complete component material recoveryManufacturing Flexibility: Post-cure processing capabilities with tunable glass transition temperatureField Repairability: Parts can be reshaped and repaired on-demand, in the fieldSustainable Solution: Enables economically viable separation and recycling of resin, composite fabric, and integrated components including precious metalsSelf-Healing Properties: Enhanced durability through stress-relief capabilities.

“The industry has long sought a solution that doesn’t compromise between performance and sustainability,” said Eduardo Torres, CEO, MTorres America, “Vitrimax VHM delivers on both fronts, offering a truly circular solution for composite manufacturing.”  

This innovation addresses critical industry challenges, including manufacturing efficiency, waste reduction, and environmental sustainability. The technology enables manufacturers to reprocess scrap material and rejected parts, significantly lowering the overall carbon footprint of their manufacturing processes while maintaining high-performance standards. The product is optimized for the prepreg process and is ready for immediate application in UAV’s, sporting goods, automotive, marine, and aerospace secondary structures. The Vitrimax™ technology platform stands to have outsize impact on wind energy, hydrogen pressure vessels, and urban air mobility.

“The performance and recyclability of Mallinda’s vitrimer chemistry have been validated in multiple academic studies.  Circularity in composites is challenging, but the Vitrimax™ chemistry is likely one of the best places from which to start.” Said Professor Steven Nutt, Director of M.C. Gill Composites Center, University of Southern California.

About Mallinda

Mallinda Inc. is a leading global developer of Vitrimer resin systems and has identified advanced composite materials as the leading emerging market for its technology. Mallinda Inc. is headquartered in Denver, Colorado.

View original content:https://www.prnewswire.com/news-releases/mallinda-launches-groundbreaking-vitrimax-vhm-resin-enabling-economic-full-recyclability-for-composites-302342236.html

SOURCE Mallinda Inc.

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Technology

Human In Motion Robotics Invites Media to Experience CES 2025 Innovation Award-Winning XoMotion™ Exoskeleton

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January 4, 2025

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VANCOUVER, BC, Jan. 3, 2025 /PRNewswire/ – Human In Motion Robotics Inc. (HMR), a leading innovator in robotic mobility, invites media to visit its booth at CES 2025 and experience XoMotion™, the world’s most advanced medical exoskeleton recently honored with a CES 2025 Innovation Award.

Revolutionizing Rehabilitation Medicine

XoMotion has been recognized for its potential to transform rehabilitation by emulating natural human movement and empowering individuals with mobility impairments through innovation. This cutting-edge exoskeleton offers a leap forward in:

Patient Independence: Enables hands-free, self-balancing movement, fostering a sense of control and improving rehabilitation outcomes.Therapist Support: Reduces physical burden on therapists by assisting with lifting, mobilizing, and training patients, allowing them to focus on personalized care.Versatility: Suitable for various conditions, including spinal cord injury, stroke, and neurological impairments, at different stages of recovery.

Key Features of XoMotion:

Self-Balancing & Hands-Free Operation: Ensures stability and allows natural upper body function.Omnidirectional Movement: Provides true functionality with complex walking motions.Safe & Versatile: Reduces therapist strain and caters to a wide range of patients.

Meet the XoMotion Team at CES 2025

Join HMR at booth 54612 at the Venetian Exhibit Hall D from January 7th to 10th, 2025, to witness XoMotion in action and connect with the team. See firsthand how this innovative technology is empowering individuals and transforming rehabilitation.

Experience the Future of Mobility:

The media are encouraged to schedule a visit to the HMR booth to witness live demonstrations of XoMotion and learn how this cutting-edge technology is revolutionizing human mobility.

Meet Product Ambassador Chloe Angus

A highlight of the HMR booth will be the opportunity to meet Chloe Angus, Director of Lived Experience at HMR. Chloe, an XoMotion ambassador, will be available to share her inspiring story and answer questions from the media.

Meet the Co-Founders of HMR

Siamak Arzanpour, CEO and Edward Park, COO will both be in attendance at CES and will be available for interviews. 

CES 2025

Dates: January 7-10, 2025Location: Las Vegas, NevadaHMR Booth Number: 54612 at the Venetian Exhibit Hall D

To Schedule a Media Visit or to get a copy a link to our full Press Kit please contact:

Phil Astrachan
VP of Marketing
phil@humaninmotion.com
415-310-7466

About Human In Motion Robotics

Human In Motion Robotics is dedicated to enhancing human mobility through advanced exoskeleton solutions. XoMotion is a testament to the company’s commitment to improving patient outcomes and supporting healthcare professionals. Following its recent Canadian regulatory approval, HMR is committed to expanding global access to XoMotion. The company is pursuing regulatory clearances for XoMotion in the US, Asia, and the EU.

View original content to download multimedia:https://www.prnewswire.com/news-releases/human-in-motion-robotics-invites-media-to-experience-ces-2025-innovation-award-winning-xomotion-exoskeleton-302342217.html

SOURCE Human in Motion Robotics Inc.

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