HONG KONG, Sept. 23, 2024 /PRNewswire/ — Dunxin Financial Holdings Limited (“Dunxin” or the “Company”) (NYSE American: DXF), a company engaged in real estate operation management and investment and a digital technology security business in Hong Kong, today announced that on September 17, 2024, it received notification from NYSE Regulation of the NYSE American LLC (the “NYSE American” or the “Exchange”) that it had suspended trading of the Company’s ADS and of its determination to commence delisting proceedings of the Company’s ADS from the Exchange pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the low selling price of the Company’s ADS. The Company plans to appeal the determination to the Exchange’s Listing Qualifications Panel, although there can be no assurance that any such appeal will be successful.

The Company’s ADS has begun trading under the trading symbol “DXFFY” on the OTC Pink operated on the OTC Markets system effective with the open of the markets on September 18, 2024.

Dunxin’s CEO Longwen (Stanley) He commented, “Following a successful business restructuring, our operational management and financial health are robust, and the new ventures are already contributing to our revenue. Management remains confident in the company’s future growth and is fully committed to cooperating with the Exchange during the appeal process.”

About Dunxin Financial Holdings Limited

Dunxin Financial Holdings Limited is a company engaged in real estate operation management and investment and a digital technology security business in Hong Kong, China. The Company was formerly a licensed microfinance lender serving individuals and SMEs in Hubei Province, China, but has suspended offering loans to its customers since 2020.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE Dunxin Financial Holding Limited

INRS professor specializing in microbiology and biotechnology to play key role at Carrefour d’innovation écoresponsable in Mirabel

LAVAL, QC, Sept. 23, 2024 /CNW/ – The City of Mirabel has announced the appointment of Professor Philippe Constant, researcher at the Institut national de la recherche scientifique (INRS), as its Chief Scientific Advisor. This appointment is part of a wider announcement of funding for the City of Mirabel’s “Signature innovation” project in anticipation of the future Carrefour d’innovation écoresponsable de Mirabel (CIÉM).

This project is the result of a collaboration agreement signed in 2021 between INRS, the City of Mirabel, and Mirabel économique, as well as several other local partners. The event was attended by Mirabel mayor Patrick Charbonneau and Sylvie D’Amours, MNA for Mirabel.

“The Carrefour d’innovation écoresponsable de Mirabel must be seen as a rallying point for collective intelligence. The idea is to bring skills together and share knowledge and innovation in promising fields for the area, such as soil health and water and waste management. The aim is to make the city of Mirabel a model of sustainable development,” explains Philippe Constant, professor at INRS’s Armand-Frappier Santé Biotechnologie Research Centre and Chief Scientific Advisor to the City of Mirabel.

Professor Constant, who has long collaborated with the municipality and RCM of Mirabel, will contribute his expertise in microbiology and his network of local partners. Professor Constant’s appointment was applauded by Quebec’s Chief Scientist, Rémi Quirion. The Mirabel native is now the seventh chief scientific advisor of a Quebec municipality.

“Philippe Constant will be able to draw on his personal knowledge of Mirabel to provide scientific guidance that is perfectly tailored to the area. That is an invaluable asset. He will also be able to count on the other municipal scientific advisors in Québec for support, and on my office to build relationships with science committees around the world through INGSA—the International Network for Governmental Science Advice—which I am fortunate enough to lead as its president,” says Rémi Quirion, Chief Scientist of Québec.

“The appointment of Professor Philippe Constant as Chief Scientific Advisor to the City of Mirabel re-emphasizes the importance of making science central to municipal decision-making for the benefit of society. This aligns with INRS’s mission to play an active role in Quebec’s economic, social, and cultural development through all of our scientific activities. Our research and education institution is delighted to have the City of Mirabel as a partner in innovation for a more sustainable future,” adds Isabelle Delisle, Interim Scientific Director at INRS.

The CIÉM will specialize in the key fields of agriculture, environment, water management, energy, and waste treatment and optimization. It will be dedicated to research, knowledge transfer, and the development of new, high-value-added bioproducts. Its mission is to put scientific research at the forefront of socioeconomic development while employing its skills for the benefit of the regional ecosystem to take on current and future environmental challenges.

“The idea behind the Carrefour is also to promote the research taking place at INRS, while responding to the issues and needs of the City of Mirabel,” concludes Professor Constant.

The main mission of CSAs is to incorporate the scientific approach into cities’ decision-making processes. They help to instill a scientific culture in the city’s ecosystem while fostering innovation and the adoption of sustainable practices. This also allows them to suggest, at their discretion, themes or initiatives they feel should be explored for the benefit of elected officials, citizens, and businesses alike. A CSA’s biggest asset is their network, which allows them to bring together researchers from Quebec and abroad to address the issues identified in the field.

INRS is an academic institution dedicated exclusively to graduate research and training in strategic sectors in Quebec. For the past 55 years, it has actively contributed to Quebec’s economic, social, and cultural development. INRS is first in Canada in research intensity. It is made up of four interdisciplinary research and training centres located in Quebec City, Montreal, Laval, and Varennes, which focus their efforts on strategic sectors: water, earth, and environment (Eau Terre Environnement Research Centre); energy, materials, and telecommunications (Énergie Matériaux Télécommunications Research Centre); urbanization, culture, and society (Urbanisation Culture Société Research Centre); and health and biotechnology (Armand-Frappier Santé Biotechnologie Research Centre). The INRS community includes over 1,500 students, postdoctoral fellows, and faculty and staff members. 

SOURCE Institut National de la recherche scientifique (INRS)

NEW YORK, Sept. 23, 2024 /PRNewswire/ — The global smart elevator market size is estimated to grow by USD 4.92 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  6.78%  during the forecast period growing number of construction activities is driving market growth, with a trend towards cloud predictive maintenance  However, intense competition  poses a challenge – Key market players include Express Lifts Ltd., Fujitec Co. Ltd., Halma Plc, Hitachi Ltd., Honeywell International Inc., Huawei Technologies Co. Ltd., Hyundai Elevator Co. Ltd., Johnson Lifts Pvt. Ltd., KONE Corp., Mitsubishi Electric Corp., Nidec Corp., Otis Worldwide Corp., Robert Bosch GmbH, Robustel, Schindler Holding Ltd., Sigma Elevator Co., thyssenkrupp AG, TK Elevator GmbH, Toshiba Corp., and Vantage Elevation LLC.

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Market Driver

The Smart Elevator market is driven by the integration of Internet of Things (IoT) technology in elevators. This innovation enables the collection and analysis of elevator data in the cloud, comparing it with historical data from the supplier’s database. Analyzing this information can predict potential component failures, alerting service engineers to take preventive measures before major breakdowns. This proactive approach saves time and money on repairs for lift operators, making it a significant market growth factor during the forecast period. 

The Smart Elevator Market is experiencing significant growth due to the increasing demand for modernization and new deployment of elevator systems in both high-rise and low/mid-rise buildings. Freight elevator systems and passenger elevator systems are becoming increasingly popular, with a focus on energy efficiency and green buildings. The integration of IoT, AI, and cloud computing enables advanced features like regenerative drive, destination-oriented technology, and virtual reality diagnostics. Elevator manufacturers provide new installation services and renovation services to incorporate hardware upgrades and software enhancements. Infotainment systems, spatial technologies, and sensors are added to enhance user experience. Traditional elevators are being replaced with smart elevators, offering control systems, AI, and cameras for improved safety and efficiency. Urbanization and smart cities require commercial applications of smart elevators to reduce energy consumption and optimize maintenance with cloud predictive maintenance. 

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 Market Challenges

The global smart elevator market is currently undergoing a challenging phase, with profit margins for vendors decreasing due to heightened competition and escalating raw material costs. Major players like KONE Corp and Otis Worldwide Corp dominate the market share. New entrants, such as Hitachi Elevators, are entering the market due to its continuous growth. However, this expansion has resulted in intense price competition among vendors, leading to reduced profit margins. The increasing competition could potentially introduce lower-quality products, potentially hindering market growth during the forecast period.The Smart Elevator Market is experiencing significant growth due to the increasing demand for modernization and new deployment of elevators in both low & mid-rise and high-rise buildings. Freight elevator systems and passenger elevator systems are being upgraded with IoT, AI, and regenerative drive features to enhance efficiency and reduce energy consumption. Green buildings and urbanization are key drivers, with a focus on energy-efficient elevators and smart technology. Elevator manufacturers are offering new installation services and renovation services to cater to this demand. Infotainment systems, spatial technologies, and virtual reality diagnostics are also becoming popular in commercial applications. Traditional elevator systems are being replaced with smart elevators, incorporating sensors, cameras, control systems, and destination-oriented technology. Cloud computing and predictive maintenance are also gaining traction in the market. Overall, the Smart Elevator Market is set to revolutionize the way we move in buildings, making them more efficient, sustainable, and convenient.

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Segment Overview 

This smart elevator market report extensively covers market segmentation by  

Service 1.1 Modernization1.2 New deployment1.3 MaintenanceApplication 2.1 Commercial2.2 Residential2.3 IndustrialGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Modernization-  The Smart Elevator Market is experiencing significant growth due to increasing demand for energy-efficient and technologically advanced elevators. These elevators offer features like automatic door opening, destination dispatch, and real-time monitoring, enhancing building efficiency and user experience. Major players in the market include Otis Elevator Company, Schindler Group, and Kone Corporation, who are investing in research and development to innovate and meet evolving customer needs. The market is expected to continue its expansion, driven by urbanization and rising construction activities.

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Research Analysis

The Smart Elevator Market is experiencing significant growth due to the increasing demand for energy-efficient solutions in buildings, particularly in high-rise structures and urban areas that are becoming smart cities. These elevators are equipped with advanced control systems, destination-oriented technology, and artificial intelligence (AI) for optimized energy consumption and efficient operation. The integration of cloud computing, hardware, and software enables real-time monitoring, predictive maintenance, and infotainment systems. Green buildings and building construction are also driving the market for smart elevators, which are designed to be compatible with IoT sensors and virtual reality diagnostics. Both passenger and freight elevator systems are benefiting from these innovations, offering improved safety, comfort, and productivity.

Market Research Overview

The Smart Elevator Market is experiencing significant growth due to the integration of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) in elevator systems. These technologies enable predictive maintenance using cloud computing and data analytics, leading to energy savings and improved efficiency in both commercial and residential buildings. The market includes Passenger and Freight Elevator Systems, with a focus on energy-efficient designs and regenerative drive features. New deployment and modernization services are in high demand for existing buildings, while infotainment systems and virtual reality diagnostics enhance the user experience. Spatial Technologies and Destination-oriented systems are becoming popular in high-rise buildings, while sensors and cameras ensure safety and security. The market also caters to the needs of green buildings and smart cities, offering innovative solutions for urbanization and sustainable construction. Overall, the Smart Elevator Market is transforming traditional elevator systems into intelligent, connected, and energy-efficient solutions for the future.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceModernizationNew DeploymentMaintenanceApplicationCommercialResidentialIndustrialGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio