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Bitera, a World-Class Data Center, is Present to Foster the Nation’s Digital Economy Growth

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JAKARTA, Indonesia, Feb. 29, 2024 /PRNewswire/ — Bitera, a world-class data center, officially held its Grand Launching on February 27, 2024. The inauguration was attended by several Indonesian government’s high-rank officials, including Bahlil Lahadalia, the Minister of Investment/Head of the Investment Coordinating Board, and Erick Thohir, the Minister of State-Owned Enterprises (BUMN). The presence of these key leaders reflects the strong synergy between the Indonesian Government and the private sector, creating a solid foundation to drive the growth of Indonesia’s digital economy.

“The penetration of data centers in Indonesia is currently still below 1 watt per capita, far compared to neighboring countries like Singapore at 100 watts per capita. As another comparison, the average consumption in Japan reaches 10 watts per capita, indicating that Indonesia still has a lot of room to grow in terms of data center infrastructure,” said Tedy Harjanto, CEO of Bitera.

The low penetration of data centers in Indonesia is in line with data from the Association of Indonesian Internet Service Providers (APJII), which shows that the penetration of Data Centers in Indonesia is one of the lowest in Asia Pacific Region (APAC), at around 0.3 watts per capita. This number is far from the ideal capacity requirement of nearly 840 megawatts (MW) based on the total population. When compared to other ASEAN countries, the data center capacity in Indonesia is only equivalent to approximately 12.7 percent.

“In line with Indonesia’s great potential in developing the digital economy, MMS Group Indonesia sees a significant upside for data centers. We believe Bitera will meet these needs and play a crucial role in supporting Indonesian digital economy development. Bitera’s presence also aligns with the government’s goal to drive the growth of nation’s digital economy through collaboration with the private sector,” said Sendy Greti, CEO of MMS Group Indonesia.

Currently, Indonesia is still lagging behind in data center development compared to the target set for 2030. This is a serious concern, considering the important role of data centers as digital infrastructure in supporting the growth of Indonesia’s digital economy.

Minister of Investment/Head of the Investment Coordinating Board, Bahlil Lahadalia, emphasized that digital infrastructure is the key requirement in the digital transformation of the Indonesian and global economy. Therefore, to achieve this goal, appropriate digital infrastructure is needed.

“Bitera’s presence as a local pride data center represents a significant historical milestone on our nation’s digitalization journey. The presence of Bitera is expected to strengthen the national digital infrastructure in order to help preparing Indonesia to compete on the international stage, empowering MSMEs and startups through access to sophisticated technology,” said Bahlil.

Bitera’s Grand Launching serves as an ideal platform to showcase the synergy between the government agenda and the private sector to shape a solid and sustainable digital future for Indonesia, especially that Bitera is a 100% Indonesian-owned company.

Bitera offers critical IT load capacity of 20 MW with up to 4,000 racks. A Tier-III+ facility, it provides Five9s availability SLA (Service Level Agreement) and stands out as the safest data center in downtown Jakarta. Power reliability is also guaranteed through 2N redundancy supplied from two diversified substations. Recognition of dedication to security standards is reflected in obtained certifications such as ISO 27001 and Uptime Institute TCCD, and TCCF to be obtained by Bitera.

“Bitera leverages its strategic location in proximity to internet exchange points in downtown Jakarta, providing easy access for connecting businesses to the digital ecosystem through interconnections with low latency.” Tedy said.

Bitera has implemented energy-efficient and environmentally friendly technologies and achieved carbon neutrality. Moving forward, Bitera is committed to maintain its sustainability measures in the future.

With Bitera’s presence as a pioneer of digital infrastructure solutions, Indonesia is ready to step forward into a more advanced and competitive digital economic era, offering new hope for development and innovation in the country.

As an affiliate of MMS Group Indonesia, Bitera shares the same view to develop sustainable Indonesia. MMS Group Indonesia’s achievement in winning various prestigious awards related to sustainable energy transition serve as a strong illustration of their commitment to sustainable development in Indonesia.

About Bitera Data Center

Located in the heart of Jakarta, Bitera is a world-class data center purpose-built for exceptional performance, security, and reliability. Supported by a professional and experienced data center team, Bitera promises five 9s availability SLAs (Service Level Agreement) to ensure uninterrupted service. By connecting businesses to a vast ecosystem, Bitera enables customers to implement the right strategy for their digital transformation journey, growing their business seamlessly. For more information about our services or to inquire about hosting your data in our world-class facilities, please visit Bitera’s official Instagram account @bitera_dc and website www.bitera-dc.com

About MMS Group Indonesia

MMS Group Indonesia (MMSGI) is a sustainable asset management company in energy and property with nearly 2 decades of operation. It has 3 main business pillars, namely MMS Resources, MMS Land, and MMS Solution with operation spreads across Indonesia. MMSGI aspires to be a trusted integrated energy provider which drives Indonesia to achieve Indonesia Net Zero 2060 through a just and orderly energy transition. For more information of MMSGI please visit its official website www.mmsgroup.co.id

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bitera-a-world-class-data-center-is-present-to-foster-the-nations-digital-economy-growth-302076660.html

SOURCE Bitera

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Greenlane Renewables Announces Management and Board of Director Changes

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~Appointment of Stephanie Mason as CFO completes planned succession~

VANCOUVER, BC, Nov. 15, 2024 /CNW/ – Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN) (FSE: 52G) today announces the appointment of Stephanie Mason as Chief Financial Officer (“CFO”), effective January 13, 2025.

Ms. Mason brings over 15 years of experience to her new role as Greenlane’s CFO. Ms. Mason has been with Greenlane for over 4 years, most recently as Director of Finance following a promotion from Corporate Controller. Prior to working at Greenlane, Ms. Mason gained experience at other TSX-listed renewable energy companies managing teams responsible for financial reporting, regulatory compliance and other finance activities. Ms. Mason developed her strong accounting foundation at PricewaterhouseCoopers where she obtained her CPA, CA designation.

“We are excited to welcome Stephanie into the role of CFO,” said Brad Douville, CEO of Greenlane Renewables. “Stephanie brings a depth of expertise in finance, reporting, and operations and provides continuity in leadership at Greenlane. Transitioning overall financial leadership from Monty Balderston to Stephanie starting at the beginning of 2025 completes a planned succession as we continue to advance our strategic goals in the RNG space. During his tenure as CFO over the last couple of years, Monty has provided solid leadership of the finance function at Greenlane and played a pivotal role on the senior management team. I want to thank Monty for all of his contributions.”

“I am honored to become Greenlane’s CFO. This is an organization recognized for its commitment to sustainability and innovation,” stated Ms. Mason. “I look forward to contributing to the company’s financial reporting strength and supporting its growth objectives.”

Mr. Balderston will remain as CFO until voluntarily resigning effective January 13, 2025. Mr. Balderston will support the transition to Ms. Mason upon her appointment, following which he will leave the Company on January 24, 2025.

Further to the management update announced on August 23, 2024, Ian Kane will be completing his transitional role as President and will leave the Company on November 22, 2024 when he will step down from Greenlane’s Board of Directors. The Company wishes to thank Mr. Kane for all of his efforts in helping drive Greenlane’s business plan.

About Greenlane Renewables

Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading specialist in biogas upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years. The systems we provide transform biogas generated from organic waste into high-value grid-ready renewable natural gas (“RNG”). Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources including agriculture (such as dairy and hog manure), water resource recovery facilities, food waste, landfills, and sugar mills. Greenlane is the only biogas upgrading company offering and actively deploying the three main upgrading technologies: waterwash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. Greenlane has delivered over 145 biogas upgrading systems into 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulfurization units. For further information, please visit www.greenlanerenewables.com.

SOURCE Greenlane Renewables Inc.

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Eastside Distilling, Inc. Announces Private Placement Offering

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Eastside Distilling, Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000.

PORTLAND, Ore. and PROVIDENCE, R.I. , Nov. 15, 2024 /PRNewswire-PRWeb/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a holding company for Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and for Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000. Under the terms of a Securities Purchase Agreement, the Company sold $1,938,000 in original issue discount Senior Secured Notes (the “Notes”) and Pre-Funded Warrants to purchase 363,602 shares of Common Stock (the “Warrants”).

Joseph Gunnar & Co., LLC acted as the exclusive placement agent in connection with the Offering.

For an overview of the terms of the securities and transactions involved in the Offering, and copies of the forms of transaction documents entered into in connection therewith, please refer to the Company’s Current Report on Form 8-K filed on November 15, 2024 with the Securities and Exchange Commission. The Company plans to utilize the net proceeds for working capital and general corporate expenses, among other uses.

About Eastside Distilling

Eastside Distilling, Inc. (Nasdaq: EAST) is a producer of award-winning craft spirits, including whiskey, vodka, and rum. Founded in Portland, Oregon, Eastside is committed to quality, innovation, and sustainability, delivering exceptional products that reflect the spirit of the Pacific Northwest.

About Beeline Financial Holdings, Inc.

The Company recently closed on a merger with Beeline Financial Holdings, Inc. Beeline is a technology-driven mortgage lender offering a fully digital, AI-enhanced, platform that simplifies and accelerates the home financing process for homeowners and property investors. Based in Providence, RI, Beeline is dedicated to transforming the mortgage industry through innovative technology and customer-centric solutions.

Media Contact

Nick Luzza, BEELINE MORTGAGE , LLC Refinance, 1 4014184461 4014184461, nick@makeabeeline.com, https://www.eastsidedistilling.com/ 

View original content:https://www.prweb.com/releases/eastside-distilling-inc-announces-private-placement-offering-302306634.html

SOURCE BEELINE MORTGAGE , LLC Refinance

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The game-changer: New partnership between real estate tech innovator and luxury brokerage investor just gave agents at select firms valuable advantages and ease

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DALLAS, Nov. 15, 2024 /PRNewswire/ — The parent company of Briggs Freeman Sotheby’s International Realty, the leading luxury brokerage in Dallas, Fort Worth and all of North Texas, announces its groundbreaking partnership with Rechat, real estate’s only AI-powered Experience Management Platform for agents.          

Peerage Realty Partners, the world’s largest strategic investor in Sotheby’s International Realty affiliates, and Dallas-based Rechat have just advanced the real estate industry in a significant leap, through state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate technology.          

Rechat was built to solve a universal and persistent problem faced by agents: the need to toggle between disparate platforms to manage the various aspects of their business. Briggs Freeman Sotheby’s International Realty has been working with Rechat almost since its beginning, as a first client, test case and collaborator. Now, years of innovation later, Rechat includes a marketing center, people center and deals center, allowing advisors to work within one integrated ecosystem to streamline tasks, automate listing marketing, create high-quality collateral, track transactions and more.          

Says Rechat CEO Shayan Hamidi: “We are dedicated to equipping agents with all of the tools they need — in one single tab or one single app — to excel in today’s competitive market.”          

Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America. Its brokerage partners include top Sotheby’s International Realty affiliates and other renowned independent firms. It has more than 6,100 advisors across 206 offices in the U.S. and Canada, to whose brokerages it provides strategic input, technology, marketing, operational expertise and much more. Its primary goal is to continually enhance the client, advisor and brokerage experiences through every phase of a transaction and beyond. Peerage Realty is projected to transact about $34.8 billion in sales in 2024 through its partner firms. Peerage Realty Partners, based in Toronto, Canada, has the unique benefit of being a privately owned enterprise, committed to long-term partnerships and investments.  

Says Gavin Swartzman, CEO of Peerage Realty Partners: “We are delighted to partner with Rechat to enhance our technological capabilities and provide our advisors with industry-leading tools. This collaboration aligns seamlessly with our ongoing commitment to leveraging innovation to better serve our clients and propel growth across our network.”    

To learn more, visit briggsfreeman.com, rechat.com and peeragerealty.com.

Peerage Realty Partners — the parent company of Dallas-based Briggs Freeman Sotheby’s International Realty and the world’s largest strategic investor in Sotheby’s International Realty affiliates — and Dallas-based Rechat, the creator of real estate’s only AI-powered Experience Management Platform for agents, have just advanced the real estate industry via state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate tech. Rechat has eliminated the need for agents to toggle between disparate platforms to manage the various aspects of their business. After years of collaboration with Briggs Freeman Sotheby’s International Realty, Rechat now includes a marketing center, people center and deals center, allowing advisors to streamline tasks, automate listing marketing, create collateral, track transactions and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-game-changer-new-partnership-between-real-estate-tech-innovator-and-luxury-brokerage-investor-just-gave-agents-at-select-firms-valuable-advantages-and-ease-302306550.html

SOURCE Briggs Freeman Sotheby’s International Realty

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