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LONGi announces the new world record efficiency of 30.1% for the commercial M6 size wafer-level silicon-perovskite tandem solar cells

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MUNICH, June 21, 2024 /CNW/ — The world-leading solar technology company, LONGi Green Energy Technology Co., Ltd. (hereafter as “LONGi”), officially announced the new world record efficiency of 30.1% for the commercial M6 size wafer-level silicon-perovskite tandem solar cell on June 19, 2024 at the 2024 Intersolar Europe in Munich, Germany.

The commercial M6 size wafer-level silicon-perovskite tandem solar cell independently certified by the authoritative certification institutions of the Fraunhofer Institute for Solar Energy (Fraunhofer ISE) in Germany achieved photovoltaic conversion efficiencies of 30.1%.

The release of this new world record comes less than a week after LONGi announced a new world record of 34.6% tandem solar cell efficiency at the 2024 SNEC EXPO in Shanghai, and it also breaks the previous world record of 28.6% wafer-level tandem solar cell efficiency on M4 commercial size wafers in May 2023 with an absolute efficiency advantage of 1.5%.

Dr. He Bo, R&D Director of LONGi Central R&D Institute, spoke at the launch ceremony that the new world record efficiencies achieved by LONGi represent not only a significant advancement in pushing the efficiency limits of silicon-perovskite tandem cell prototypes but also a milestone in the commercial viability of this technology, marking a breakthrough by LONGi’s team in its development.

Dr. He Bo said: “While continuously exploring the efficiency limits of tandem solar cells, LONGi’s R&D team started research on mass production technology for tandem solar cells in October 2023, and in just six months, they overcame two key challenges: the preparation of large-area perovskite films in air and ultra-low-temperature metallization.” Combining the experience in prototype device researches, the R&D team achieved a photovoltaic conversion efficiency of over 30% for the first time on commercial-sized silicon-perovskite tandem solar cell devices, showing a significant efficiency advantage over LONGi’s recently created efficiency record of 27.3%, greatly boosting the global photovoltaic industry’s confidence and expectations for silicon-perovskite tandem solar cell technology.

The theoretical limit efficiency of monocrystalline silicon-perovskite tandem solar cells is up to 43%, making them the next generation of ultra-high efficiency solar cells after monocrystalline silicon back-contact (BC) cells. They are an emerging photovoltaic technology that is being actively researched by the global photovoltaic industry.

The creation of this “Dual-Champion” world records for tandem solar cells not only redefines the efficiency limit of two-terminal tandem cells but also takes a key step towards the industrialization of tandem solar cells, helping LONGi to continue leading in both the mainstream tracks of monocrystalline silicon single-junction solar cells and tandem solar cells.

“LONGi’s Central R&D Institute, the backbone of the company, boasts a vibrant research team exceeding 5000 members. Notably, the team dedicated to advancing crystal silicon-perovskite tandem solar cells technology, which has consistently shattered global efficiency records, has a remarkably youthful average age of just 28 years.” Dennis She, Vice President of LONGi, introduced the strong team at the workshop “Technological innovation and intelligent manufacturing help the photovoltaic industry move towards new prosperity”. LONGi has attached great importance to research and innovation in technology since its establishment. Since its listing in 2012 until the end of 2023, LONGi has invested over 30 billion yuan in R&D, and has obtained a total of 2879 authorized patents.

LONGi’s R&D team adheres to the concept of “innovate breakthroughs and make good use of sunlight” continuously exploring the limits of solar cell efficiency, promoting the industrialization of emerging photovoltaic technologies and rapid upgrades of green energy products, and constantly creating reliable products that maximize customer value.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com

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SOURCE LONGi

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Bonside Scorecard Launches Alongside Strategic Partnership with Kimco Realty and Nuveen Real Estate

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This partnership will support the launch of Bonside’s forthcoming proprietary underwriting tool

NEW YORK, May 18, 2025 /PRNewswire/ — Today, Bonside, a technology company that provides financial underwriting and funding to brick-and-mortar businesses, announces a strategic partnership with leading real estate investment trust Kimco Realty and global investment manager Nuveen Real Estate. As part of this partnership, both firms made equity investments in Bonside and will be among the first users of the company’s new proprietary underwriting product, the Bonside Scorecard, designed to help commercial landlords more efficiently assess the creditworthiness and risk of new and existing non-credit retail tenants.

The Bonside Scorecard brings much-needed standardization to how commercial landlords evaluate the financial and operational health of retail tenants. Built on the same underwriting process that drives Bonside’s own investment decisions, and 37 transactions to date, the tool enables landlords to quickly and effectively assess tenant performance via accounting software data.

At the nucleus of Bonside is the ability to analyze, standardize and capitalize the rise of non-credit retail. By emphasizing the fundamentals of physical retail, Bonside serves the category with specificity — weighing metrics like 4-wall EBITDA, COGS, labor ratios, and 20+ other industry-specific metrics to bring purpose-built underwriting and an investment-grade mentality to the brick-and-mortar economy. For landlords, this means streamlining and standardizing the tenant diligence process and holistic risk assessments at the property and portfolio level. For tenants, it removes friction and inconsistency, allowing rising concepts to compete for sought-after spaces and sign leases without manual effort.

This partnership marks a major milestone in Bonside’s growth and furthers its mission to define, and service, the brick-and-mortar economy. Since launching in 2023, Bonside has funded 37 deals and has $25 million in assets under management. Their flexible financing model, The Repeatable Revenue Agreement (RRA), gives businesses the opportunity to scale without giving up equity or entering debt, all powered by Bonside’s proprietary underwriting platform.

About Bonside
Bonside is based in NYC and publicly launched in June of 2023, to provide underwriting intelligence and capital to brick-and-mortar concepts, at scale.

Press Contact
Rachel Pietrangelo
rachel@bonside.com
Bonside

View original content:https://www.prnewswire.com/news-releases/bonside-scorecard-launches-alongside-strategic-partnership-with-kimco-realty-and-nuveen-real-estate-302458463.html

SOURCE Bonside

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Stagwell (STGW) Appoints Connie Chan as Chief Growth Officer for Asia Pacific

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A catalyst for growth and innovation, Chan brings decades of cross-market expertise to power Stagwell’s next phase of growth in APAC

SINGAPORE, May 18, 2025 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the appointment of Connie Chan as Chief Growth Officer, Asia Pacific, effective July 2025. Based in Singapore, Chan will be responsible for leading Stagwell’s growth strategy and operations across APAC markets, with a focus on accelerating transformation, scaling integrated capabilities, and deepening relationships in local markets.

This appointment builds on Stagwell’s growth momentum across APAC on the heels of acquiring ADK GLOBAL earlier this year. Stagwell APAC now encompasses 2,500 employees across 34 APAC offices.

Chan will report to Ryan Linder, EVP, Global Chief Marketing Officer. “As the global marketing landscape continues to shift, Asia Pacific stands out as a region of extraordinary opportunity. Connie’s leadership will be instrumental as we build a network that not only responds to the complexity of today, but sets the pace for what’s next,” said Linder.

“Connie doesn’t just drive growth. She builds momentum that breaks the sound barrier,” said Randy Duax, Stagwell’s Managing Director, Asia Pacific. “We’ve spent the last three years building the kind of platform the holding companies said couldn’t be done—media, creative, strategy and PR moving as one, built for speed, wired for scale. Connie isn’t here to learn the playbook. She’s here to call the next play.”

Chan brings a track record of transformative leadership spanning decades in media, marketing, and strategic communications. Most recently, she served as CEO of OMD China, where she oversaw the agency’s operations in Shanghai, Beijing, and Guangzhou, with a focus on driving growth and creativity, and inspiring teams with a strong focus on culture. Prior to that, Chan held leadership roles at WPP, including Executive Director of the Government & Public Sector Practice in Singapore, and Chief Client Officer for APAC at MEC (now Wavemaker), focusing on strategic client partnerships.

Upon her appointment, Chan reflected, “I’ve always believed in the power of strategic clarity and bold ideas. At Stagwell, we have the talent, the ambition, and the platform to build work that matters – and impact that endures.”

Stagwell

Stagwell is the challenger holding company built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 45+ countries are unified under a single purpose: to drive effectiveness and improve business results for our clients. Join us at www.stagwellglobal.com.

Media Contact:

PR@Stagwellglobal.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/stagwell-stgw-appoints-connie-chan-as-chief-growth-officer-for-asia-pacific-302458129.html

SOURCE Stagwell Inc.

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Das Marketing Shares Concerns Over Corporate Service Experience in Singapore

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Das Marketing International reports serious issues with a Singapore service provider, urging businesses to exercise due diligence and know their legal rights.

SINGAPORE, May 18, 2025 /PRNewswire-PRWeb/ — Das Marketing International Group Pte. Ltd. would like to share important information about its experience with an external corporate secretarial provider in Singapore – Investbanq Corporate Services Pte. Ltd.

During our cooperation, we encountered a number of serious operational and management issues that significantly impacted our business, including:

Refusal to carry out key corporate transactions, which caused significant delays in our business, instead requested for unreasonable compliance inquiry including source of fund of the transactions.

Requesting excessive and confidential information and documentation, without clear justification, including reason for transactions, original agreements, source of capital and tax information.

Refusal to arrange a meeting with a compliance specialist despite verbal requests and demands for direct interaction on regulatory matters.

Demanding unreasonably high budget of USD 20k for legal counsel despite low risk situations.

Refusal to perform actions despite clear instructions given as a client.

Overall a horrible client experience.

Fortunately, the current Singapore legislation allowed us to promptly change the nominee director and corporate secretary, restoring control over the management of the company without the involvement of the previous provider.

We strongly recommend that companies operating in Singapore carefully select corporate service providers, enter into written contracts in a timely manner and be well aware of their rights under the Companies Act and other regulations.

Das Marketing International Group Pte. Ltd. remains committed to the principles of transparency, professionalism and strict compliance with Singapore laws.

Media Contact

Director, Das Marketing International Pte. Ltd., 1 3152803039, shgdasm@proton.me

View original content:https://www.prweb.com/releases/das-marketing-shares-concerns-over-corporate-service-experience-in-singapore-302456320.html

SOURCE Das Marketing International Pte. Ltd.

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