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As Production Increases, GPARENCY Promotes Ami Eller to Senior Managing Director

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HOWELL, N.J., July 12, 2024 /PRNewswire/ — GPARENCY, America’s only commercial mortgage broker with capped fees, is pleased to announce the promotion of Ami Eller to senior managing director in response to new business growth. In addition to Ami’s continued role in closing complex debt transactions, his new responsibilities will focus on helping newer brokers place and close their deals, thereby maximizing their efficiency in client servicing, nurturing, and deal execution.

Ami Eller has been an integral broker at GPARENCY, handling hundreds of millions of dollars in debt nationwide. Recently, he facilitated a $9.1 million acquisition with a 3.99% first-year interest rate, showcasing his expertise and GPARENCY’s strong lender relationships. This deal, under GPARENCY’s capped fee model, cost the client just $11,000 versus the traditional $90,000 commission. GPARENCY’s latest deal, led by Ami Eller and Scott Forbes, was completed today with the successful closing of a $17 million conventional loan refinance for a multifamily property in Dallas, Texas.

Ami’s new hands-on role with the hundred new brokers hired this year is a strategic move to ensure continued growth and success as market demands increase.

Ami Eller has been a cornerstone of our brokerage team,” said Ira Zlotowtiz, founder and CEO of GPARENCY. “In his new role, Ami will take a more active role in working directly with our new brokers and ensuring our core principles of integrity and transparency are upheld in every deal.”

Ami’s new responsibilities will include mentoring and developing new brokers, as well as bringing his experience to each deal they manage. His focus on nurturing talent will be instrumental in maintaining GPARENCY’s high standards of service and productivity.

“Nurturing and guiding these talented brokers is crucial to their growth and success, and I look forward to contributing to their development and helping them achieve their full potential,” said Ami Eller. “Placing these deals alongside Scott Forbes, Director of Deal Placement and a seasoned industry veteran, we will bring a renewed focus on origination and closing deals.”

For more information, please contact: media@gparency.com

About GPARENCY: GPARENCY is America’s only commercial mortgage broker with capped fees, offering clients a transparent and cost-effective solution for securing financing. Bringing billions in deal experience to the table with a focus on client success, GPARENCY is revolutionizing the commercial mortgage landscape.

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Global Times: Illuminate roof of ‘Beautiful China’: Solar-powered rooftops transform countryside environments, boost rural revitalization efforts

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The upper part of the Chinese character “home” resembles a roof, symbolizing a home can only exist with a roof over it.

Today, an increasing number of Chinese people are creating environmentally friendly landscapes on the roofs they cherish most, showcasing a tangible “Beautiful China” through their homes.

In early winter, at the foot of the Helan Mountains, the sun still brightly shines over the vast Gobi Desert. When people enter Yuanlong village of Minning town, Northwest China’s Ningxia Hui Autonomous Region, one can find rows of newly constructed agricultural residences with red tiles and white walls lining the road. From above, the blue photovoltaic panels glimmering on each red roof create a colorful mosaic under the sunlight.

Chinese people have aspired to convey their vision of harmony between heaven, earth, and humanity through architecture. Regarding the decision to install photovoltaic panels on the roof of her house, villager Zhang Hui told the Global Times that by installing photovoltaic panels on their roofs, they earn extra money, and the clean energy generated by the panels also gives them a channel to make their contribution to the country’s emissions reduction and energy conservation efforts.

“We want to further emphasize the harmonious coexistence of humanity and nature, embodying a characteristic of Chinese modernization through our roofs,” she said.

In recent years, China’s solar photovoltaic technology is emerging as a key component of China’s strategy to achieve its “dual carbon” goals, which aimed at achieving peak carbon emissions by 2030, and carbon neutrality by 2060. 

The creation of this elevated landscape is a vivid representation of the Chinese people’s efforts in building a “Beautiful China” in all respects. In this revolutionary transformation that involving production methods, lifestyles, and values, countless individuals have keenly perceived that China is keeping pace with the times, making a sound, inclusive ecological environment for the well-being of the people.

Cash in on the sun

For the residents of the village, installing rooftop solar systems and earning money from sunlight has now become a source of joy. “Because when you look up, you can see your own roof, and it reminds you of the abundant harvest you have,” Zhang said.

Since 2016, Yuanlong village has successively built a 5-megawatt rooftop photovoltaic power station, supplied by photovoltaic panels on the roofs of over 1,635 immigrant households, accounting for nearly 96 of the village’s total households. As of March 2024, this initiative had earned a total of 40.22 million yuan ($ 5.5 million) in photovoltaic revenue for the village.

Since 2018, Zhang’s family has been renting the 54-square-meter rooftop to the power company, and the annual rental fee has increased from 300 yuan to 480 yuan as the power station has gradually entered a stable operating phase.

Beyond the tangible rental income, Zhang has also witnessed the thriving changes brought to her village by the rooftop photovoltaic power station program.

In 2020, the photovoltaic power station in Yuanlong village generated 850,000 yuan in revenue for the village collective. A portion of this revenue is distributed to villagers as rental fees, while another part is used as dividends for the village collective’s shares, funding various public welfare expenditures such as environmental sanitation improvements, major illness assistance for villagers, and education support.

The Global Times has learned how the rooftop solar systems program in Yuanlong village was operated: the local government attracts external investment to bid for the construction of a photovoltaic power station, guarantees a 100 percent buyback of the project’s output, ensuring that the village and its residents will receive 100 percent of profits during the 20-year operational period of the power station.

“Turning green, clean energy advantages into economic development advantages is a new concept for us,” said Ha Manpeng, 44, a villager from Yuanlong

Ha and many other villagers learned that the area they live has a high altitude, flat terrain and long sunlight hours, making it suitable for the installing of clean and efficient solar photovoltaic systems

“Simply retrofit the vacant roof, there will be a stable and long-term additional benefit. The manufacturers cooperating with the government will regularly send personnel to maintain, and regularly update the equipment, thus we have nothing to worry about,” Ha said.

Comfort life out of mountains

Zhang jokingly remarked that rooftop solar power generation has allowed the Yuanlong’s villagers to truly transition from a weather-dependent life to “making money from the weather.”

The over 10,000 villagers in Yuanlong were moved from another village – Xihaigu in 2012, which is a largely mountainous region that was labeled the “most unfit place for human settlement” by the United Nations in the 1970s due to land reclamation, drought, and a fragile ecological environment. 

Ha recalled his childhood living in the village hidden in the folds of the mountains, where every household was plunged into darkness at night.

Over the past 40 years, Ningxia launched six large-scale resettlement schemes, moving some 1.23 million people from Xihaigu to more habitable areas. The relocation was part of the poverty alleviation drive, fulfilling many villagers’ desire for a comfortable life out of the mountains.

Having escaped the vicious cycle of ecological and survival crises, what kind of life and development path did the villagers of Xihaigu choose in their new homes?

Yuanlong village is one of the villages that has benefited early from the income generated by photovoltaic power stations. Ha was among the first residents to install solar panels on roof.

Initially, Ha’s personal experience with the five photovoltaic panels installed on his roof was simply that they provided shade on sunny days, and made the roof less prone to leaks on rainy days. As more households in the village adopted the solar rooftops, Ha witnessed a profound improvement in the living conditions of the villagers, along with an increase in their income.

As of November 2020, China had achieved the feat of delisting all 832 poverty-stricken counties. The development of photovoltaic power stations, as a typical model of industrial poverty alleviation, has contributed to this historic achievement.

According to China’s National Energy Administration, by the end of 2020, China had built photovoltaic power stations with a combined capacity of 26.36 million kilowatts,  generating approximately 18 billion yuan in annual electricity revenue, and creating 1.25 million public welfare jobs.

When this clean, low-carbon, safe, and efficient energy enters the homes of ordinary people, it not only provides shelter through new types of rooftops for families, but also supports more Chinese people in achieving a moderately prosperous life. Many residents have come to realize that their choices contribute to the country’s energy conservation and emission reduction efforts.

They want to do even more.

“When I was a child, there was no electricity in my home, but now we can even produce electricity at home. In our village, people prefers to buy new energy vehicles. Waste sorting has become a habit for the villagers,” Ha said.

“When we go out traveling, the children can immediately ‘capture’ solar panels everywhere. They are also very happy to see that more and more villages began to install solar rooftops just like us,” Zhang added. 

Green electricity town

Facing the changes in life, as an official of the Yuanlong village, Zhang’s focus has gradually shifted from the land owned by villagers to the cattle and sheep they raise, and the job opportunities available to them. Now, she is also gradually learning to consider all these key aspects within the context of the new era of development she is in.

Whenever representatives from enterprises and communities visit Yuanlong village, Zhang highlights the embroidery skills of the local women and the solar roofs they have. 

One of Zhang’s proudest achievements this year has been helping to showcase and sell the village women’s embroidered crafts to a power supply company in Fuzhou, East China’s Fujian Province. She is very proud that this “green collaboration” has broken through regional limitations, built more bridges for communication between her village and the outside world, and empowered the development of local women.

With the official launch of the “green electricity town” project in Minning town in August 2023, which aims to create a new type of system demonstration area powered entirely by clean energy 24 hours a day, the project is expected to reduce carbon emissions by 48,000 tons annually once completed.

Zhang believes that the villagers in Yuanlong will have more opportunities to showcase their talents and felt gratified that she is living in a country that pays more attention to protecting the ecological environment.

At a national conference on ecological and environmental protection held in July 2023, Chinese President Xi Jinping has stressed efforts to promote the building of a Beautiful China in all respects and accelerate the advancement of modernization featuring harmony between human and nature.

The next five years is a crucial period for building a Beautiful China, which should be placed in a prominent position in building a great modern socialist country in all respects and advancing national rejuvenation, Xi said.

The country should support high-quality development with a high-quality ecological environment and promote the modernization featuring the harmonious co-existence between human and nature, he noted.

Looking up at her rooftop, Zhang eagerly awaits the completion of the “green electricity town.” She hopes it will build a stronger bridge connecting the common people’s dream of a better life with the country’s plans for emission reduction and energy conservation, leading to a more “Beautiful China.”

https://www.globaltimes.cn/page/202411/1323101.shtml

 

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SOURCE Global Times

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Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator

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SINGAPORE, Nov. 15, 2024 /PRNewswire/ — Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.

GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”

Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”

The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.

Find out more about IFIH: giftifih.in

About GIFT City

GIFT City, India’s first operational smart city and maiden International Financial Services Centre (IFSC), is a global financial and IT services hub, a first of its kind in India, designed to be at or above par with globally benchmarked business districts. As a leading Central Business District (CBD), GIFT City offers significant advantages such as reduced operational costs, favourable tax policies, and a vibrant community, making it the top choice for global and domestic companies in BFSI, IT/ITeS, fintech, international education, and other service sectors.

A ‘Project of National Importance’, GIFT City encompasses office spaces, residential areas, school, hospital, hotels, clubs, retail outlets, and recreational facilities, creating a truly ‘walk-to-work’ environment. Pioneering innovations and sustainable solutions implemented in GIFT City, such as the District Cooling System, Automated Waste Collection System, and Utility Tunnel, have set new standards in urban development.

For more information, visit www.giftgujarat.in.

Follow GIFT City on Twitter @GIFTCity_

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 60 locations globally, giving startups the necessary resources to succeed globally. With over 80,000 startups and 620+ corporate and government partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading VCs and host more than 1,000 networking events per year. Companies in our community have raised over $12 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, N26 and PayPal.

Our Asia Pacific headquarters was launched in Singapore in 2010 and we have since expanded into Malaysia, Indonesia, the Philippines, Thailand and India. Since then we have invested in more than 100 startups and have collaborated with various governments as well as multinational and regional corporations to multiply their innovation efforts through initiatives such as industry-specific accelerator programs.

For more information, visit www.plugandplayapac.com

For more information, contact:

GIFT City
Nisarg Acharya: +91 89800 06441
nisarg.acharya@giftgujarat.in 

Plug and Play
Manav Narang
m.narang@pnptc.com 

View original content:https://www.prnewswire.com/apac/news-releases/plug-and-play-and-gift-city-launch-ifih-a-global-fintech-incubator-and-accelerator-302306541.html

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ViewQwest Partners Synlan(iFLYTEK) to Pioneer Next-Gen AI Solutions Across Southeast Asia

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SINGAPORE, Nov. 15, 2024 /PRNewswire/ — ViewQwest has signed a Memorandum of Understanding (MOU) with Synlan Technology PTE LTD, a wholly-owned subsidiary of iFLYTEK, China’s leading AI technology provider, to collaborate on artificial intelligence (AI) solutions tailored to address evolving market and customer needs across Southeast Asia. This partnership aims to equip businesses in the region with advanced AI capabilities to enhance operations, deliver superior customer experiences, and give businesses a competitive edge.

With AI transforming industries worldwide, Southeast Asian businesses are increasingly exploring its potential. Through this MOU, ViewQwest and Synlan will jointly design, integrate, and deploy targeted AI solutions for key industries such as hospitality, retail, logistics, and healthcare.

Powering Southeast Asia’s industries with targeted AI innovation

For ViewQwest, this AI initiative represents the third pillar in its suite of offerings, complementing its established strengths in connectivity and ICT solutions. Together, connectivity, ICT, and AI empower businesses to thrive in the digital age.

One example of this collaboration is an AI-powered virtual concierge solution that could be deployed at retail locations or public spaces. Non-English-speaking tourists could interact with an AI-driven kiosk, ask questions in their native language, and receive helpful, conversational responses in their preferred language.

“As a newcomer to Singapore and the region, Synlan values a strong regional partner who understands the landscape,” said Jeffery Wang, General Manager of iFLYTEK Openplatform Singapore. “Our collaboration with ViewQwest allows us to jointly develop targeted AI solutions for the region’s diverse market segments.”

Vignesa Moorthy, CEO of ViewQwest, echoed this sentiment: “Having built trusted partnerships with many businesses in the region, we are well-positioned to understand and address specific sector needs. This partnership with Synlan enhances our ability to deliver practical, AI-driven solutions across multiple industries, from retail to hospitality.”

Building end-to-end AI solutions with data security

ViewQwest and Synlan share a commitment to developing fully integrated AI solutions, from the physical chip to the software layer and the final deployment. The partnership will leverage iFLYTEK’s AI expertise alongside ViewQwest’s in-depth understanding of the Southeast Asia market.

In response to evolving data residency regulations, ViewQwest plans to host backend servers within secure private environments, such as data centers in Singapore or other suitable locations in the region, to protect customer data.

“We are only beginning to explore AI’s potential. By establishing this early collaboration, we can engage closely with customers to build solutions together,” said Moorthy.

Delivering customer-centric AI solutions

“Technology knows no borders – it’s truly universal. AI technology is fundamental, and we’ve validated its applications across countless domains, from healthcare to smart cities and automobiles,” said Wang.

“Each industry faces unique challenges, and we’ve refined our AI solutions to address them effectively. Having demonstrated success with these solutions in China, we see tremendous potential to bring these tried-and-tested approaches to Southeast Asia,” he added.

This partnership offers customers robust connectivity, comprehensive enterprise solutions, and advanced AI-powered capabilities. As ViewQwest plans to lead by example, deploying many of its AI innovations internally as the first customer.

“One of our priorities is using this technology to deliver enhanced services to our customers,” said Moorthy. “Practising what we preach is essential — by using the technology ourselves, we can better showcase its value to others.”

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/viewqwest-partners-synlaniflytek-to-pioneer-next-gen-ai-solutions-across-southeast-asia-302303808.html

SOURCE ViewQwest

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