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Innovative Hydrogen Production Patent granted to Magma Power™ for Hydrogen production via Thermochemical Splitting with Subterranean Heat Sources and Magma Reservoirs

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NEW YORK, Oct. 2, 2024 /PRNewswire/ — Magma Power LLC, a leader in renewable energy innovation, proudly announces the issuance of a pioneering patent for a method and system designed to produce hydrogen through the thermochemical splitting of water, utilizing the immense heat generated by subterranean magma reservoirs. This state-of-the-art technology represents a major advancement in the pursuit of clean and sustainable hydrogen production, offering a revolutionary alternative to traditional methods.

Revolutionizing Hydrogen Production with Earth’s Natural Heat

The patented system begins with a wellbore that extends from the surface deep into a subterranean heat source, specifically a magma reservoir. The method involves injecting one or more feed streams of water into a reaction chamber, where the water undergoes thermochemical splitting to form hydrogen and oxygen. The process is powered by molten salt, heated by magma, which ensures the reaction occurs at an optimal temperature for maximum efficiency and sustainability. The resulting hydrogen and oxygen are then efficiently extracted through designated outlet conduits.

Key Patent Claims

This patent introduces a comprehensive and highly advanced system for optimizing hydrogen production using geothermal heat. Key claims of the patent include:

Thermochemical Splitting System: A reaction system designed for hydrogen production, featuring a wellbore extending into a magma reservoir. The system includes a reaction chamber maintained at the required reaction temperature by molten salt received from the wellbore, and inlet and outlet conduits for water feed streams and product streams of hydrogen and oxygen.Water Recycling Feature: The system includes a return conduit for recycling unreacted water back into the reaction chamber, enhancing efficiency and minimizing waste.Catalyst Integration: The reaction chamber can include a circulating fluidized bed of non-volatile metal oxide catalysts, or alternatively, a volatile metal oxide catalyst, to optimize the thermochemical reactions.Enhanced Feed Stream Composition: The system can handle additional feed streams such as iodine, sulfur dioxide, copper, and hydrochloric acid to further enhance the reaction processes.Molten Salt Heat Transfer: Heat is supplied to the reaction chamber via molten salt circulated through heat exchangers located within the wellbore, ensuring consistent and controlled reaction temperatures.Absorption Chiller and Separator Vessel: The system includes an absorption chiller that receives molten salt from the wellbore to generate a cooling fluid, which is then used to cool a separator vessel. This vessel further processes the hydrogen and oxygen product streams into one or more end products.Downstream Hydrogen Utilization: The system is designed to integrate with downstream processes, allowing the produced hydrogen to be combined with carbon dioxide to generate valuable hydrocarbon products.Hydrocarbon Recovery and Separation: The downstream system can produce both liquid and gas phase hydrocarbons. An absorption chiller and recovery equipment are used to cool and separate these hydrocarbons, maximizing the system’s efficiency and output.

Expert Insights on the Patent

Levi Conner, CEO of MagmaPower LLC, underscored the innovation’s significance: “This patent marks a transformative step in hydrogen production. By utilizing the Earth’s natural geothermal energy, specifically from magma reservoirs, we’ve developed a method that not only optimizes the efficiency of hydrogen generation but also significantly reduces environmental impact. This technology has the potential to reshape the energy landscape by providing a cleaner, more sustainable source of hydrogen.”

Richard McDonald, Chief Strategy Officer of Magma Power LLC, emphasized the technological breakthroughs involved: “The integration of molten salt heat transfer, catalyst-enhanced reactions, and water recycling within this system represents a major leap forward in thermochemical processes. By directly tapping into geothermal heat, we can produce hydrogen with a level of efficiency and environmental responsibility that was previously unattainable. This innovation aligns perfectly with the global push towards cleaner energy and reduced carbon footprints.”

KC Conner, Founder of Magma Power LLC, reflected on the journey to this milestone: “Our mission has always been to harness the Earth’s inherent energy in innovative ways that drive global progress. This patent is the culmination of years of dedicated research, and we’re thrilled to introduce a technology that promises to revolutionize hydrogen production. By leveraging geothermal heat, we’re not just creating a new method for producing hydrogen—we’re setting a new standard for what’s possible in sustainable energy.”

Looking Ahead

Magma Power LLC is actively engaging with industry leaders to bring this groundbreaking technology to the market. The company remains committed to advancing sustainable energy solutions and is eager to see how this innovative method for hydrogen production will be integrated into existing and future energy infrastructures.

Green Energy for Industry

Magma Power’s patented technology can be applied across a range of industries, offering transformative solutions for:

AI Data Centers: As AI computing power demands soar, Magma Power’s low-cost, constant energy supply is the ideal solution for powering data centers 24/7.Bitcoin Mining: Energy-intensive bitcoin mining operations will benefit from reliable, low-cost power, enabling sustainable and profitable mining at scale.Green Fuels: Magma Power enables the production of green hydrogen, ammonia, and kerosene, providing a carbon-neutral alternative for transportation and industrial sectors.

About MagmaPower LLC

Magma Power LLC, (visit MagmaPower.com) headquartered in Tampa, Florida, with additional offices in New York City and Houston, is a pioneering energy technology company dedicated to developing cutting-edge solutions for harnessing renewable energy. Magma Power, LLC has secured eleven worldwide patents covering all aspects of the production of green energy, energy-intensive manufacturing, green fuels, and other products using MagmaPower™. Magma Power, LLC has also filed an additional forty-six global patents covering all aspects of magma power production, with over 1,000 patent claims pending related to this revolutionary new green energy source. Magma power is a virtually unlimited source of green, renewable, baseload energy that U.S. government researchers in the 1970s, including those at Sandia National Laboratories, concluded could meet the Earth’s energy needs for the next several thousand years. The work of Magma Power, LLC has taken the initial insights from the Sandia Labs test and developed them into a robust, patent-protected technology ready for commercial deployment. Given the inability of wind and solar to provide stable baseload renewable power, there is no long-term alternative to magma power for renewable energy. Magma Power is Inevitable. It’s not a question of if magma power will power the Earth – but when. Energy is civilization, and the next several thousand years of civilization will be driven by MagmaPower™.

For media inquiries, please contact:

Richard McDonald

Chief Strategy Officer

rmcdonald@magmapower.com

View original content:https://www.prnewswire.com/news-releases/innovative-hydrogen-production-patent-granted-to-magma-power-for-hydrogen-production-via-thermochemical-splitting-with-subterranean-heat-sources-and-magma-reservoirs-302265938.html

SOURCE Magma Power

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Experience the Innovation: MyCONECT Launches at Nostalgia Hotel, Singapore

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Nostalgia Hotel Enhances Guest Experience with MyCONECT App, Streamlining Services and Cutting Check-In Times by 70%.

SINGAPORE, Oct. 2, 2024 /PRNewswire-PRWeb/ — MyCONECT.biz, a pioneering provider of platform solutions for the hospitality industry, is thrilled to announce the successful onboarding of their first customer in Singapore: Nostalgia Hotel. This partnership highlights MyCONECT’s commitment to enhancing guest services through a unique digital ecosystem, specifically tailored to optimize business operations and elevate the guest experience.

Nostalgia Hotel, known for its charm and exceptional service, is now adopting MyCONECT’s innovative suite of applications, including the Guest App and Staff Apps. These tools enable the hotel to streamline various services, from room make-up requests to self-check-in/check-out with E-Visitor Authentication (EVA), ensuring a seamless and delightful stay for their guests. With the integration of EVA, the manual process of checking guests’ passports for stay validity will be automated and the check-in time is expected to be reduced by up to 70%. This will in turn free up the front office staff so they can spend more time engaging guests. In addition, the system will eliminate the large amounts of paperwork previously required from the front office staff and enhance productivity and efficiency.

The app’s intuitive interface and user-friendly features have been well-received by Nostalgia Hotel guests. “The MyCONECT app has been a game-changer for our guests,” remarked Colleen Chan, General Manager of Nostalgia Hotel. “It has streamlined the check-in process, reduced front desk inquiries, and enhanced overall guest satisfaction.”

James Kim, Founder of MyCONECT.biz, shared his vision for the partnership: “Nostalgia Hotel is the perfect launch partner for MyCONECT in Singapore. Our platform is designed to create a cohesive and personalized digital ecosystem for hotels, and seeing it come to life at a property like Nostalgia is incredibly rewarding. We look forward to transforming guest services, and launching more solutions across the region.”

For guests at Nostalgia Hotel, the MyCONECT app is a new digital tool designed to streamline guest services and enhance their overall stay experience. With features like on-demand room servicing, E-Visitor Authentication for self-check-in/check-out, and real-time service requests, the app ensures convenience is just a scan away. Guests can simply download MyCONECT by scanning a QR code available across the hotel or by searching for “MyCONECT” in their app store, signing up, and enjoying a smoother, more personalized stay.

The implementation of MyCONECT at Nostalgia Hotel allows guests to effortlessly connect to services such as advance booking, self-check-in and check-out, and real-time service requests, making their stay more comfortable and enjoyable. MyCONECT not only provides these conveniences but also offers other customizable solutions like digital keys, staff communication, two-way PMS integration, and smart valet solutions, further enhancing the guest experience and operational efficiency.

MyCONECT has also signed contracts with J Suites International and Hotel Ciputra Jakarta and plans to develop a PMS interface to showcase to hotel guests soon.

For more information about MyCONECT and their innovative solutions, visit http://www.myconect.biz.

Media Contact

Aishwarya Selvan, MyConect Co., Ltd., +821098015563, aishwarya.selvan@myconect.biz, https://www.myconect.biz/ 

View original content to download multimedia:https://www.prweb.com/releases/experience-the-innovation-myconect-launches-at-nostalgia-hotel-singapore-302266198.html

SOURCE MyConect Co., Ltd.

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TOTAL PLAY ISSUES $2,500 MILLION PESOS OF SECURED CERTIFICADOS BURSATILES

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MEXICO CITY, Oct. 2, 2024 /PRNewswire/ — Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today it successfully issued Secured Certificados Bursátiles for $ 2,500 million pesos, at three years and at a rate of TIIE + 300 basis points. The proceeds will be used to strengthen the company’s working capital.

The issuance represents a vote of confidence from the financial community in the growing cash generation of Total Play, the company’s financial strength and the favorable business prospects.

About Total Play

Total Play is a leading Triple Play provider in Mexico that, thanks to the widest direct-to-home fiber optic network in the country, offers entertainment and technologically advanced services with the highest quality and speed in the market. For the latest news and updates about Total Play, visit: www.totalplay.com.mx.

Total Play is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. Each of the Grupo Salinas companies operates independently, with its own management, board of directors, and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance.

Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.

Investor Relations:

Bruno Rangel

Rolando Villarreal

+ 52 (55) 1720 9167

+ 52 (55) 1720 9167

jrangelk@totalplay.com.mx

rvillarreal@totalplay.com.mx

Press Relations:

Luciano Pascoe

Tel. +52 (55) 1720 1313 ext. 36553

lpascoe@gruposalinas.com.mx

 

View original content:https://www.prnewswire.com/news-releases/total-play-issues-2-500-million-pesos-of-secured-certificados-bursatiles-302266238.html

SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.

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Payment Asia to Support Digital Transformation in Hong Kong’s F&B Industry

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HONG KONG, Oct. 3, 2024 /PRNewswire/ — Payment Asia is excited to announce a new initiative to empower small and medium-sized enterprises (SMEs) in Food and Beverage (F&B) sector and help them expand their businesses. In the exclusive collaboration with PAO Bank Limited (PAObank), the first virtual bank in Hong Kong specializing in SME banking services, Payment Asia aims to help local restaurants and food businesses enhance cash flow and expedite digital transformation, enabling them to capitalize on emerging opportunities in the rapidly evolving market.

Payment Asia offers a comprehensive range of electronic payment solutions for SME enterprises. Through one of its business units, PA Financial, which operates as a licensed financial service provider in Hong Kong, the company facilitates the seamless integration of loan applications with comprehensive digital marketing services, creating a convenient one-stop channel for SMEs looking to expand their businesses and improve liquidity.

As one of the leading virtual banks focused on SMEs in Hong Kong, PAObank offers a range of convenient and cost-effective digital financial solutions designed specifically for SMEs, supporting them in seizing market opportunities.

“We are proud to partner with PAObank to support the F&B industry in Hong Kong,” said Paul Tang, COO at Payment Asia. “This collaboration represents our commitment to empowering local businesses through innovative financial solutions and helping them thrive in a digital-first environment.”

Hannah Hui, Deputy Chief Executive at PAObank, stated, “PAObank is fully committed to supporting the business needs of SMEs, and our partnership with Payment Asia enables us to build stronger connections with SMEs in the F&B sector. Leveraging PAObank’s fintech capabilities, we aim to bridge the gap between traditional financing and restaurant owners’ capital needs, providing them with the sufficient cash reserves they need in an increasingly competitive marketplace.”

In support of this initiative, Payment Asia and PAO Bank will host a free seminar next week to share the latest digital marketing strategies and F&B business trends. This event serves as an excellent opportunity for local F&B entrepreneurs to gain valuable insights and guidance tailored to their specific needs.

Seminar theme: Seizing the Opportunity-The Path to Digital Transformation in the F&B Industry
Date: October 10, 2024
Time: 15:00
Venue: 17F, Upper Living, 165 Hoi Bun Road, Kwun Tong, Hong Kong
Contact: efactor@paymentasia.com

About Payment Asia
Established in 1999, Payment Asia has been committed to providing innovative online payment technology, and electronic payment solutions for SME enterprises and even multinational companies in Asia. Payment Asia prepares simple and time-saving online payment systems for customers, covering credit cards, debit cards, e-wallets, and tailor-made omnichannel payment solutions including digital asset gateway for enterprises. In the past 10 years, we have actively innovated and added elements such as digital marketing, e-commerce solutions, and AI consulting to our business to meet the needs of merchants. Payment Asia has developed rapidly and has served more than 12,000 local and overseas merchants.

About PAO Bank Limited
PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An“) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a virtual banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via digital channels. PAObank is expanding diverse business segments including retail banking and SME banking.

View original content:https://www.prnewswire.com/apac/news-releases/payment-asia-to-support-digital-transformation-in-hong-kongs-fb-industry-302265696.html

SOURCE Payment Asia

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