TAIPEI, Nov. 13, 2024 /PRNewswire/ — AEWIN Technologies Co., Ltd (doing business as AEWIN), a leading provider of advanced network appliances and edge computing solutions, is excited to present groups of performant Servers and Network Appliances at SC24 from November 19th to 21st. Alongside versatile standard platforms, AEWIN offers rapid customization services to meet compute-intensive demands for Networking, Edge AI, and Storage segments.

AEWIN will showcase the Edge Computing Server, BAS-6101A, powered by the latest AMD SP5 processors, including Zen5, Zen4, and Zen4c EPYC variants. With 9 PCIe Gen5 slots, this server delivers exceptional flexibility and scalability, suitable for integrating advanced GPU accelerators, high-throughput NICs, and cryptographic acceleration cards to handle the demanding workloads of various applications. AEWIN will unveil the high availability multi-node platforms with Intel Xeon 6 processors and GPU servers powered by AMD EPYC CPUs on SP5 sockets supporting up to 10 GPU cards for intensive AI workloads and computing tasks.

Additionally, AEWIN will present a variety of network appliances for specific requirements. These offerings range from 1U mainstream network appliances featuring AMD Ryzen 7000 processors to 2U platforms powered by Intel and AMD server-grade processors, including Intel Xeon 6 and AMD Turin/Bergamo/Genoa/Siena CPUs. The 2U rackmount platform features 8 NICs with AEWIN form factor while having the flexibility to switch to standard PCIe Gen5 x16 slots for PCI-SIG form factor cards such as ConnectX-7 NIC series with up to 400GbE.

AEWIN’s modular design brings flexibility in building configurations tailored for specific needs. In addition to network interface cards with 1G to 200G copper/fiber interfaces (with/without bypass function), AEWIN also offers U.2 storage adapters to support high-speed NVMe SSDs. Furthermore, the newly released E1.S adapter enables the integration of the latest EDSFF into existing AEWIN network appliances for high capacity and low latency storage solutions.

Don’t hesitate to join us at SC24 or contact our sales for further information any time!

https://www.aewin.com/

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SOURCE AEWIN Tech.

Standalone revenue grew 2% in Q2 and 7% in H1 on a y-o-y basis, respectively Consolidated Revenue reported of Rs. 705 crore in Q2 and Rs. 1,345 crore in H1In H1 Greaves Engineering and Retail businesses registered growth of 6% and 7%, respectivelyExcel revenue reached Rs. 124 crore in H1

BENGALURU, India, Nov. 13, 2024 /PRNewswire/ — Greaves Cotton Limited, one of India’s leading diversified engineering companies, reported healthy financial results for the period ending September 30, 2024, reflecting a resilient business model, effective strategic initiatives, and ongoing commitment to growth.

In Q2 FY25, Greaves Cotton achieved a consolidated revenue of Rs. 705 crore, while standalone revenue saw a growth of 2%, reaching Rs. 468 crore. Excel contributed Rs. 61 crore to the quarterly revenue.

For the first half of FY25, consolidated revenue reached Rs. 1,345 crore, with standalone revenue at Rs. 912 crore—a 7% year-over-year increase. EBITDA for H1 FY25 stood at Rs. 109 crore, with Profit Before Tax (PBT) reaching Rs. 106 crore on a standalone basis.

Ms. Akhila Balachandar, Chief Financial Officer, Greaves Cotton Limited, says, “Our Q2 FY25 results underscore the robustness of our diversification strategy and the momentum we are building across our businesses. Our performance in Retail, Engineering, and Excel, alongside the promising growth in Electric Mobility, reflects our agile approach to meeting diverse market demands. Our fuel-agnostic strategy continues to expand our reach and adaptability, reinforcing our confidence in the path we’ve charted. This momentum reaffirms our commitment to delivering consistent value for our stakeholders.”

The Engineering and Retail segments recorded growth of 6% and 7% in H1 FY2025. The integration of Excel has bolstered the company’s Engineering business, widening, and deepening reach and capabilities. Greaves standalone and Excel’s combined revenues stood at Rs. 1,036 crore for H1 FY2025. The EBITDA of the businesses stood at Rs 144 crore for the six months ended September 30, 2024.

The Electric Mobility division also performed well, posting Rs. 175 crore in Q2 and Rs. 302 crore in H1, supported by new product launch and a focused path to profitability.

About Greaves Cotton Limited: 

Greaves Cotton Limited (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a legacy of 165 years and strong brand trust. Originally renowned for its single-cylinder diesel engines, GCL has transformed into a fuel-agnostic, end-to-end mobility solutions provider, driven by the purpose of touching a billion lives by 2030 and enabling a sustainable transition to green mobility. Guided by its mission of “Empowering Lives”, the Company is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.

Through its five independent business units—Greaves Engineering, Greaves Electric Mobility, Greaves Retail, Greaves Finance, and Greaves Technologies—Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. With significant investments in technology and human capital, the Company is positioned to lead in India’s EV and sustainable mobility markets. The Company remains committed to sustainable growth and economic progress, making it a trusted partner in shaping the future of mobility in India. 

For more information, visit www.greavescotton.com

Note: 

“This press release may include statements of future expectations and other forward-looking statements based on ‘management’s current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates (“Greaves”). These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Indian Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither Greaves, nor our directors, or any of our subsidiaries/associates assume any obligation to update any particular forward-looking statement contained in this release.”

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Agreement witnessed by the Prime Minister of Albania, HE Edi RamaJoint venture term sheet to explore the deployment of GW-scale renewable energy projects in Albania for the supply of power to Albania and neighboring countries via cross-border interconnectionsAgreement will focus on solar, wind, and hybrid renewable projects with potential battery storage

BAKU, Azerbaijan, Nov. 13, 2024 /CNW/ — Abu Dhabi Future Energy Company PJSC (Masdar) and Korporata Elektroenergjitike Shqiptare (KESH) – Albania Power Corporation – have signed a joint venture term sheet agreement to explore the development of gigawatt-scale renewable projects in Albania.

The signing ceremony took place in Baku, Azerbaijan on the sidelines of COP29, witnessed by the Prime Minister of Albania, HE Edi Rama, His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President and Chairman of Masdar, and Her Excellency Belinda Balluku, Deputy Prime Minister and Minister of Infrastructure and Energy for Albania. The agreement was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Erald Elezi, Chief Executive Officer of KESH.

The joint venture term sheet agreement aims to develop, construct, and operate renewable energy projects utilizing a range of renewable technologies, including solar PV, wind, and hybrid solutions, with potential integration of battery storage. The energy produced is expected to be supplied to the Albanian market and exported to neighboring countries.

Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President and Chairman of Masdar, said: “This agreement is a testament to the UAE’s unwavering commitment to pioneering clean energy solutions on a global scale. By leveraging the UAE’s world-class expertise in renewable energy and Albania’s abundant natural resources, our purpose-built, future-ready infrastructure will deliver more energy with fewer emissions to more people than ever before. Agreements like these will help realize the ambitious goals of the historic UAE Consensus, aimed at tripling renewable energy capacity by 2030, and driving low-carbon socio economic progress.”

Her Excellency Belinda Balluku, Deputy Prime Minister & Minister of infrastructure and Energy, commented: “The partnership between KESH and Masdar is a significant moment not only for Albania’s journey towards a sustainable and secure energy sector, but also embodies the spirit of the strategic partnership between Albania and the United Arab Emirates and underscores the importance of international cooperation in achieving a green, sustainable future. By combining Albania’s rich renewable energy potential with Masdar’s global expertise, we are not only advancing our domestic energy goals but also positioning Albania as a key player in the European energy market, while enhancing our energy security, creating new economic opportunities, and contributing to our efforts to meet global climate goals.”

The partnership aims to leverage KESH’s position as Albania’s leading energy producer and Masdar’s global expertise in renewable energy development to accelerate Albania’s clean energy transition. A landmark in the development of renewable energy capacity in Albania, the potential joint venture will benefit from Masdar’s relationships with technology providers and financial institutions, as well as its operational expertise, while capitalizing on KESH’s local market knowledge and existing infrastructure. Through this collaboration, Masdar and KESH are advancing Albania’s decarbonization initiatives and contributing to the broader European energy market.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, added: “The joint venture term sheet with KESH will mark a significant milestone in Masdar’s expansion into the Balkans and Southeast Europe. By combining our expertise in large-scale renewable projects with KESH’s deep understanding of the Albanian energy market, we are poised to make a substantial contribution to Albania’s clean energy transition. As Masdar targets 100GW by 2030, this joint venture with our partner KESH exemplifies the scale and ambition needed to advance the global energy transition and we look forward to further collaborations in Albania and the Eastern Balkans”

Erald Elezi, Chief Executive Officer of KESH, said: “This joint venture with Masdar is a pivotal advancement in Albania’s renewable energy journey, underscoring KESH’s commitment to sustainable development and energy diversification. Although Albania already benefits from a predominantly green energy mix, this partnership will enhance our energy resilience, improve stability, and open avenues for clean energy exports to the region. By working with a global leader like Masdar, we are poised to bring innovative renewable technologies to Albania, supporting our role as a clean energy leader in the Balkans and strengthening the country’s position within the broader European energy landscape.”

The joint venture term sheet between Masdar and KESH is a crucial component of the broader strategic partnership between the UAE and Albania. It will play a vital role in increasing Albania’s renewable energy capacity, meeting local demand while supporting its energy export capabilities to neighboring countries, and contributing to the region’s energy security and sustainability goals.

Masdar has significantly strengthened its presence in Southeast Europe with its proposed acquisition of TERNA ENERGY, the largest developer and investor in renewable energy projects in Greece with a target capacity of 6GW by 2029. In addition, Masdar increased its investment in the Balkans with the recently announced financial close on the 154MW Čibuk 2 project in Serbia, adding to its existing 158MW Čibuk 1 wind farm and bringing its total capacity in the country to over 300MW.

About Masdar

Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transition and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 31.5 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

For more information, please visit: https://www.masdar.ae and connect: facebook.com/Masdar.ae and twitter.com/Masdar

About KESH

Korporata Elektroenergjitike Shqiptare (KESH) is Albania’s leading energy producer and a cornerstone of the country’s power sector. KESH plays a critical role in Albania’s energy landscape, primarily through its extensive hydropower assets, which provide the majority of Albania’s electricity from renewable sources. Operating some of the largest hydropower plants in the Balkans, KESH is a key contributor to Albania’s green energy profile and energy security. KESH is committed to enhancing Albania’s renewable energy capacity and ensuring energy resilience for future generations. By exploring new opportunities in solar, wind, and energy storage, KESH aims to diversify its energy portfolio and establish Albania as a regional leader in sustainable energy solutions. Through strategic partnerships, KESH continues to support Albania’s role in the broader European energy market, driving forward the country’s vision for a cleaner and more sustainable future.

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SOURCE Masdar