SHENZHEN, China, May 7, 2025 /PRNewswire/ — CIMC Modular Building Systems (CIMC MBS), a global leader in advanced modular construction, has earned two prestigious awards at the 2025 World of Modular Conference, organized by the Modular Building Institute (MBI). The company received Permanent Modular Dormitory of the Year and Relocatable Modular Affordable Housing of the Year, marking its second consecutive year as a multi-award winner.

Recognized by Global Industry Leaders

The World of Modular Conference, the premier global event in the modular construction industry, honors excellence in design, innovation, sustainability, efficiency, and architectural quality. The Awards of Distinction are presented based on votes from a panel of experts and industry leaders across North America, as well as votes from conference attendees, making it a highly collaborative and prestigious benchmark in the field.

CIMC MBS was selected from hundreds of global entries, underscoring its strength in industrialized precision, smart construction applications, carbon-reduction strategies, and human-centered design.

2025 Award-Winning Projects

The Student Hostel at City University of Hong Kong (Whitehead, Ma On Shan) was awarded First Place in the Permanent Modular Dormitory category. As the world’s largest modular student housing project, it was completed two years ahead of schedule. The project achieved a 50% faster delivery and reduced waste by 68% compared to traditional construction. Featuring advanced MiMEP integration and low-carbon solutions, it sets a new standard for high-density, sustainable urban development.

The “T-Loft@Lok Wo” transitional housing project in Hong Kong received First Place in the Relocatable Modular Social & Supportive Housing category. With its fully relocatable design, the project integrates safety, efficiency, and comfort with aesthetic appeal. It offers a forward-thinking solution to global housing challenges, showcasing exceptional design and quality in social housing.

These accolades follow CIMC MBS’s success at the 2024 World of Modular Conference, where it received awards for its citizenM Hotel in Menlo Park, USA, and United Court Transitional Housing in Hong Kong—both recognized for their energy efficiency, mobility, and construction speed.

“We are honored to receive this international recognition once again,” said Victor Zhu, General Manager of CIMC Modular Building Systems. “These awards affirm the global impact of our technology and our unwavering commitment to building smarter, greener, and more sustainable spaces for communities around the world.”

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SOURCE CIMC

HØNEFOSS, Norway, May 7, 2025 /PRNewswire/ — SmartCraft ASA, the leading Nordic provider of mission-critical SaaS solutions to small and mid-sized companies in the construction sector, today reported its results for the first quarter of 2025, with a year-on-year ARR growth of 23 percent to NOK 494 million, positively affected by acquisitions.

The organic revenue growth of NOK 6.3 percent was negatively affected by the soft macroeconomic development leading to customer revenue churn increasing to 9.3 percent driven by bankruptcies, and downgrades driven by reduced activity among existing customers. New sales continued to perform well.

First quarter revenue was NOK 137 million, a growth of 25 percent. Adjusted EBITDA-capex was NOK 37 million, representing a margin of 27 percent, down from 33 percent in the same period in 2024. The margin decline is explained by a dilution of 4.5 percentage points from the Clixifix and Locka acquisitions, and the SmartCraft Spark platform development project, which curbs the margin with 1.9 percentage points. The margin increased by 3 percentage points compared to Q4 2024.

“In the most challenging market for the construction industry in decades, SmartCraft continues to deliver well on what we can control, namely our sales activity and cost consciousness. Gross growth in new customers grew 16 percent in the first quarter compared to the same period last year. This means that we continue to deliver growth in, albeit at a lower rate than our ambition, and strong margins,” said CEO of SmartCraft Gustav Line.

The potential for digitalization of the construction industry remains massive, with a high share of companies still not using software solutions tailored to their industry.

“As for most industries today, the timing of the macroeconomic recovery remains uncertain. However, when the market eventually comes back, we are tuned for a massive pickup as we expect customer churn to decrease, customers to start upscaling their use of our tools, and organic growth to return to a higher level. With our scalable business model, this will also drive profit margins upwards. We are still in an excellent position to deliver on our medium-term financial targets of 15-20 percent organic growth with increasing margins,” said Gustav Line.

The first quarter 2025 report and presentation materials are enclosed.

WEBCAST PRESENTATION

Investors, analysts, and journalists are welcome to join to an English language webcast presentation of the report on the same day, Wednesday 7 May 2025, at 08:00 CET.

Webcast link:

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250507_7 

Presenters:

Chief Executive Officer Gustav LineChief Financial Officer Kjartan Bø

Viewers are welcome to submit written questions through the webcast player during and after the presentation. A recording of the presentation will be available on the same link and at smartcraft.com/investor-relations/ after the live stream is concluded.

DISCLOSURE REGULATION

This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Gustav Line, CEO, +47 952 67 104, gustav.line@smartcraft.com 

* Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com 

ABOUT SMARCRAFT

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to SMEs in the construction sector, increasing their productivity, margins, and resource efficiency. The Group currently has more than 13 400 customers and 270 employees distributed across Norway, Sweden, Finland and UK. SmartCraft was listed on the Oslo Stock Exchange in June 2021.

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BENGALURU, India, May 7, 2025 /PRNewswire/ — European College of Sport and Exercise Physicians (ECOSEP) and Tata Elxsi have announced a strategic partnership that aims to revolutionise the field of sports and exercise medicine through combining the research excellence and clinical expertise of ECOSEP with Tata Elxsi’s AI- and machine learning–driven healthcare solutions and technology capabilities.

The partnership will focus on applying artificial intelligence technologies in areas such as advanced diagnostic tools, personalised treatment plans, predictive analytics for injury prevention, and real-time monitoring of athletes’ physical conditions.

This innovative collaboration was initiated by Dr. Pakravan, Vice Chair of ECOSEP, and facilitated by Dr. Malliaropoulos, General Secretary.  Speaking on behalf of ECOSEP, Prof. Nicola Maffulli, President, stated: “These are exciting times for how technology and medical science can be brought together to transform personalised care in sports. The long-term vision of Tata Elxsi marries with the aim of ECOSEP to develop and maintain 360° care for athletes and physically active individuals. With the power of Tata Elxsi, ECOSEP shall develop comprehensive packages of care which will help to optimise performance and health. This is a unique opportunity for mutual collaboration, marrying disciplines only apparently different, and allowing close interaction of professionals.”

Anup SS, Practice Head – AI and Machine Learning at Tata Elxsi, added: “This collaboration with ECOSEP represents an exciting opportunity to apply AI in ways that directly impact athlete health and performance. By combining clinical insight with advanced data science, we aim to co-create intelligent tools that support early diagnosis, enable real-time decision-making, and personalise care for every athlete. Together, we’re paving the way for a new era in sports medicine—one that is smarter, faster, and more human-centric.”

The collaboration serves as a stepping stone for future interdisciplinary partnerships aimed at expanding the use of AI in sports and musculoskeletal medicine, and both organisations are committed to advancing the field through research, clinical trials, and the development of AI-driven tools that offer athletes and healthcare providers ground-breaking solutions to achieve optimal outcomes.

Tata Elxsi will join the 9th ECOSEP Congress in Düsseldorf in November 2025 to engage with the clinical community, share early insights, and explore opportunities for collaborative research and innovation.

About Tata Elxsi

Tata Elxsi is a global design and technology services company headquartered in Bangalore. It addresses the healthcare, automotive, broadcast, and communications consumer electronics industries. This is supported by a network of design studios, development centres, and offices worldwide. Tata Elxsi’s Healthcare & Life Sciences practice is ISO 13485 certified and collaborates with prominent medical device and pharmaceutical OEMs, as well as technology companies. With a comprehensive services and solutions portfolio, Tata Elxsi adds value at every stage of the customer’s product development lifecycle. Recognised as a leader in technology consulting, new product design, development, verification & validation, as well as regulatory compliance services, Tata Elxsi is a trusted name in the industry.

For more information, visit www.tataelxsi.com

About ECOSEP

European College of Sports and Exercise Physicians (ECOSEP) is a non-profit scientific medical society dedicated to Sports Medicine and Sports Physicians in Europe, with extensive international links and collaborations with other similar specialist societies across the world. The mission of the College is to advance competencies of sports physicians and promote highest standards of specialist care through providing continuing education, research, collaboration with other sports medicine organizations, promoting physical activity and population health, and serving as a source of information to the public. The membership and extensive international reach of ECOSEP puts the College in a unique position to achieve these goals and make an impact on current practice as well as future of the Sport and Exercise Medicine specialty.

For more information and also to learn more about our highly popular biennial congresses please visit: https://ecosep.eu/

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