Connect with us

Technology

MediSun and SK ENF collaborate on the RED-Brine Mining collaboration

Published

on

SINGAPORE, June 23, 2024 /CNW/ — MediSun Energy is pleased to announce the signing of a Memorandum of Understanding (MOU) with SEONGGWANG E&F (SK ENF). This collaboration aims to integrate SK ENF’s Magnesium Mineral Carbonation Technology with MediSun’s Reverse Electrodialysis (RED) Technology to create sustainable and efficient solutions for brine treatment in the desalination industry.

The desalination industry faces challenges of high energy consumption and environmental impact from brine disposal. Traditional methods are energy-intensive and harm marine ecosystems through excessive brine discharge. By combining their technologies, MediSun Energy and SK ENF aim to address these challenges and set a new standard for sustainable desalination.

SK ENF’s microbubble reaction technology captures carbon dioxide (CO₂) and produces magnesium carbonate (MgCO₃) from desalination brine, reducing the pretreatment costs associated with RED, which typically requires the removal of magnesium (Mg) and calcium (Ca). This process enhances RED membrane efficiency and converts Mg and Ca into valuable resources, turning pretreatment into a dual-purpose process of resource production and carbon capture. To put this in context, for every tonne of brine water processed, MediSun can extract 8 kg of MgCO₃ and offset 3.1 kg of CO₂, moving us closer to net carbon neutrality in desalination and brine treatment process.

The collaboration will also include joint technical assessments, feasibility studies, and strategic planning to ensure seamless integration and enhanced performance of the combined technology. Both companies will analyze market demand and build pilot plants to validate the technology’s effectiveness and economic viability.

Dusun Kim, CEO of MediSun Energy said: “We are thrilled to collaborate with SK ENF to combine our technologies and push the boundaries of what is possible in desalination. This partnership marks a significant step forward in our commitment to energy-efficient and sustainable water solutions.”

Dr Hong Wonseok, CEO of SK ENF commented: “Our collaboration with MediSun Energy is a strategic move to enhance our technological capabilities and contribute to sustainable practices in the desalination industry. This partnership underscores our commitment to driving innovation that addresses critical challenges in water sustainability.

MediSun Energy’s technology is renowned for its significant energy savings, elimination of brine discharge, and net-zero carbon emissions. It also helps customers generate extra revenue through brine mining, particularly by extracting magnesium carbonate. This versatile and cost-effective technology can be retrofitted into existing RO systems, making it suitable for a wide range of desalination applications.

About MediSun Energy

MediSun Energy is a technology-driven company dedicated to providing clean and affordable energy. Our innovative WEGEN Reverse Electrodialysis (RED) technology converts saltwater into electricity, harnessing the ocean’s potential for sustainable energy. Committed to a net-carbon neutral future, we aim to create a world where all energy is clean and green by combining commercial practicality with sustainable practices.

About SK ENF

SK ENF, a spinoff venture from the Korea Institute of Machinery and Materials (KIMM), specializes in environmental machinery. As a registered specialized environmental construction corporation in Korea, the company offers customized solutions for the waste treatment industry.

For more information, kindly contact: 
Ivan Kon
ivan@medisun.energy

View original content to download multimedia:https://www.prnewswire.com/news-releases/medisun-and-sk-enf-collaborate-on-the-red-brine-mining-collaboration-302179660.html

SOURCE MediSun Energy

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SPAYZ.io to roll out payment solutions in key African markets

Published

on

By

NICOSIA, Cyprus, May 23, 2025 /PRNewswire/ — SPAYZ.io, a leading provider of innovative payment solutions, is entering three new African markets – South Africa, Egypt, and Cameroon. The move is part of fintech’s ongoing vision to transform digital commerce in Africa’s emerging markets by offering tailored local payment solutions.

SPAYZ.io has been actively assessing countries in the region as part of its strategic efforts to expand its regional footprint and tap into emerging growth opportunities. Its dedicated team of payment experts has been conducting in-depth research, assessing regulatory frameworks, understanding market demand, and sourcing local partnerships.

Following these extensive evaluations, SPAYZ.io is excited to announce the addition of several new countries to its geo network by the end of 2025. The expansion will include South Africa, enabling EFT Bank Transfers across key markets, Egypt and Cameroon, launching support for Mobile Money solution.

South Africa card payments look to exceed $158 billion in 2025 through digital adoption, while in Egypt the digital payments market is set to be valued at over $104 billion by 2030. Cameron leads in mobile money transactions in the CEMAC region, claiming 71% of all transactions and over half of the region’s transaction value.

These additions reflect SPAYZ.io’s ongoing commitment to providing localised payment experiences in under-served countries with high-growth potential. With the digital payments economy in Africa projected to be $1.5 trillion by 2030, SPAYZ.io will be rolling out solutions in more countries over the immediate and long term.

To coincide with this announcement, SPAYZ.io will be participating in the Finance Magnates Africa Summit (FMAS) on May 29th and 30th, engaging with key industry leaders, partners and merchants.

Dmitrii, Head of Strategic Partnerships, commented: “It is important that we don’t rush into new markets just for the sake of expansion. Instead, we take a deliberate and thoughtful approach to growth that is long-term, ensuring our payment solutions are stable and easy to access. Every market we enter is the result of careful research, strategic planning, and a deep understanding of the local ecosystem. It’s the reason why Africa is a priority region for us.”Our planned launches in South Africa, Egypt and Cameroon reflect our approach. We are giving our clients access to markets with a burgeoning consumer base, driven by the rapid adoption of new technologies. I look forward to seeing the new opportunities these launches will open to our partners, and look forward to discussing our plans during our participation at FMAS later this month.” 

About SPAYZ.io

SPAYZ.io is on a mission to redefine the world of payments. By offering innovative, secure, and scalable payment solutions, we’re helping businesses navigate the complexities of global finance with ease. Its commitment to excellence and our passion for technology drive us to constantly evolve and adapt to the needs of its clients. With a growing presence across Europe, Asia, and Africa, it is at the forefront of building a more connected and efficient financial future.

Website: www.spayz.io

LinkedIn: https://www.linkedin.com/company/spayz-io/

Contact:-

Marketing Manager
Ksenia Telukh
SPAYZ.io
info@spayz.io

Photo: https://mma.prnewswire.com/media/2695142/SPAYZio_Africa_Markets.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/spayzio-to-roll-out-payment-solutions-in-key-african-markets-302464266.html

SOURCE SPAYZ.io

Continue Reading

Technology

Trading With Confidence: Bybit Offers Zero-Loss Coverage and Educational Rewards

Published

on

By

DUBAI, UAE, May 23, 2025 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has renewed its offers for trading beginners in a bundle of first-trade coverage and rewards this summer. The five-track Fearless Futures initiative has something to offer in every stage of crypto trading—from research to futures trading.

Modeled after fitness coaching, Fearless Futures is a supportive package for fresh traders and learners starting their crypto trading journey. The comprehensive loss protection and rewards program offers derisking opportunities for first-time traders in sync with the market-wide rally, with BTC pushing above 100K and ETH regaining investor favor. Sophisticated product suites and knowledge sharing are becoming increasingly accessible to everyday traders, and Bybit continues to support the crypto community with professional-grade tools and flawless execution with millisecond precision. 

From now until June 30 or until prize pools are fully unlocked, eligible Bybit users will enjoy exclusive protection and rewards as they advance their trading levels:

A Zero-Risk Introduction to Futures Trading: Eligible user’s first Futures trade will be covered up to 50 USDT at Bybit should a loss occur. Vouchers are available for first-time Futures traders on Bybit until June 30, 2025. Carefree Copy Trading: New followers of Master Traders may claim up to 100 USDT in loss protection for Copy Trading. This welcome offer not only takes away the pressure of strategizing, but also reduces volatility risks. Copy Trading Vouchers can be used as margin and are up for grabs until December 30, 2025.Gold & FX Copy Trading: Another Copy Trading product tailored for Gold and FX matched the limited-time offer for first-time traders until June 30, 2025.It Pays to Learn: Before diving into trading, beginners may explore Bybit’s Read-to-Earn initiative and get the basics down while dividing up a 18,000 USDT prize pool. Bonus Community Challenge: Signing up for the Bybit Learn Community will qualify eligible users for the Community Futures Challenge. The gamified experience incentivizes knowledge sharing and community engagement with a 2,500 USDT weekly prize pool, to be shared by top contributors in the leaderboard.

The campaign benefits Bybit users at a strategic juncture when the crypto market continues its upward trajectory. Supporting the broader crypto community since 2018, Bybit aspires to help its users navigate volatility responsibly, become better traders, and be part of their progress.

Registration and task fulfilments are required, and terms and conditions apply. For details, users may visit: Fearless Futures | Trade with Confidence, Not Consequence.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

View original content to download multimedia:https://www.prnewswire.com/news-releases/trading-with-confidence-bybit-offers-zero-loss-coverage-and-educational-rewards-302464271.html

SOURCE Bybit

Continue Reading

Technology

CobbleStone® Unveils VISDOM+ Generative AI Chatbot: Revolutionizing Contract Management with Advanced Agentic AI

Published

on

By

CobbleStone Software launched its enhanced VISDOM+ AI Chatbot, offering intelligent assistance for system navigation, legal compliance, and automated, centralized contract clause generation.

PRINCETON, N.J., May 23, 2025 /PRNewswire-PRWeb/ — CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – is excited to share significant advancements to its VISDOM+ AI Chatbot, further transforming how organizations interact with their contracts and CobbleStone Contract Insight® system. These enhancements empower users with intelligent assistance, automated clause generation, and instant access to critical information, leveraging cutting-edge AI built on OpenAI, the makers of ChatGPT.

“We’re not just offering a chatbot; we’re providing an intelligent assistant that understands context, generates content, and helps users navigate the complexities of contract law and system functionality seamlessly.” – Mark Nastasi, EVP & Founder of CobbleStone Software

The expanded VISDOM+ AI Chatbot capabilities mark a significant leap forward in conversational AI for CLM, designed to boost efficiency, reduce manual effort, and improve compliance for legal, procurement, and administrative teams.

𝐊𝐞𝐲 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐕𝐈𝐒𝐃𝐎𝐌+ 𝐀𝐈 𝐂𝐡𝐚𝐭𝐛𝐨𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞:

𝐕𝐈𝐒𝐃𝐎𝐌 𝐀𝐈 𝐀𝐬𝐬𝐢𝐬𝐭 (𝐂𝐨𝐫𝐞 𝐂𝐡𝐚𝐭𝐛𝐨𝐭 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥𝐢𝐭𝐲): Provides a helpful and engaging chatbot to answer user questions about the CobbleStone Contract Insight platform.

𝐕𝐈𝐒𝐃𝐎𝐌 𝐁𝐚𝐬𝐢𝐜 (𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐒𝐲𝐬𝐭𝐞𝐦 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐨𝐧): Users can now directly ask the chatbot “how to create a [Contract, Request, Vendor, Employee, Sourcing, Purchase Order]” and easily search through reports, making system navigation and data retrieval more efficient.

𝐕𝐈𝐒𝐃𝐎𝐌+ (𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐂𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐈): Elevating beyond basic queries, VISDOM+ allows users to ask complex, system-related questions and receive answers built on advanced AI, including integrations with OpenAI. This powerful feature also enables users to inquire about applicable laws and compliance regulations such as GDPR, CCPA, and OFAC, receiving instant, informed guidance.

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐂𝐥𝐚𝐮𝐬𝐞 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧: A standout feature, VISDOM+ now allows users to effortlessly generate contract clauses. Users can simply prompt the chatbot, for example, “Draft a clause for indemnification,” and receive a relevant, well-structured clause.

𝐂𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐞𝐝 𝐂𝐥𝐚𝐮𝐬𝐞𝐬: To maintain consistency and control, generated clauses can be directly added to an organization’s pre-approved clause library within CobbleStone Contract Insight. This ensures a centralized, united, and compliant process for clause management.

These enhancements underscore CobbleStone Software’s dedication to leading the CLM industry through continuous innovation and the strategic integration of advanced artificial intelligence. The VISDOM+ AI Chatbot is set to become an indispensable tool for organizations seeking to optimize their contract processes, mitigate risks, and enhance overall operational efficiency.

Click here to learn more about VISDOM+ Generative AI.

“We are incredibly excited about the evolution of our VISDOM+ AI Chatbot,” said Mark Nastasi, EVP of CobbleStone Software.

“Our goal has always been to make contract management more intuitive and powerful. With these new features, we’re not just offering a chatbot; we’re providing an intelligent assistant that understands context, generates content, and helps users navigate the complexities of contract law and system functionality seamlessly. It’s a testament to our commitment to innovation and our belief in the transformative power of AI in the CLM space.”

Contact CobbleStone Software for a free demo.

For more information, email Media@CobbleStoneSoftware.com or call 866-330-0056.

About CobbleStone Software:

CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone’s contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.

Follow CobbleStone Software on social media:
> LinkedIn
> X
> Facebook
> YouTube

To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone’s Contract Insights blog.

Media Contact

Sean Heck, CobbleStone Software, 866-330-0056, Media@CobbleStoneSoftware.com, https://www.cobblestonesoftware.com/

Twitter

View original content to download multimedia:https://www.prweb.com/releases/cobblestone-unveils-visdom-generative-ai-chatbot-revolutionizing-contract-management-with-advanced-agentic-ai-302463734.html

SOURCE CobbleStone Software

Continue Reading

Trending