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GITEX Editions makes its debut to redefine global power tech domination

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The all-new premier showcase saw deeptech founders, CEOs and industry leaders gather at Dubai World Trade Centre for a series of thought-provoking discussions centred around AI.

DUBAI, UAE, Oct. 16, 2024 /PRNewswire/ — The all-new GITEX Editions got underway on the opening day of GITEX GLOBAL as discussions focused on accelerating the growth of global late-stage advanced tech companies.

The latest addition to the packed schedule comes at a vital time where statistics showed there were more than 1,000 unicorns around the world in 2023. This week’s showcase will help support the next development while bringing together 59 top global unicorns with a combined valuation of $400 billion. The impressive list to have gathered includes Axelera, DeepL Synthesis AI, and Insilico Medicine.

In one of the sessions, the Founder and CEO of digital health unicorn Insilico Medicine, Dr. Alex Zhavoronkov joined Tamer Elhamy, Chief Partner Officer of Microsoft Middle East to discuss the importance of Merger and Acquisitions (M&A) and how AI companies are making their foundational models work smarter for enterprises.

The audience heard that the Middle East region is leading the way with digitalisation with more than 300 deals related to M&A completed in the first half of 2024 with half of those led by the UAE.

Scaling GCC business globally

The staging of GITEX Editions aligns with Dubai‘s ambition to be the home of 30 startup unicorns by 2030 as the emirate continues to transform itself from a regional to a global entrepreneurship hub and support its digital ambitions. Today, Dubai is embarking on its journey with 40% of MENA’s scaleups already based in the emirate.

To help nurture the growth of tomorrow’s giants in the GCC region, Harrison Lung, Group Chief Strategy Officer of e& was joined by Tanuja Randery, Managing Director, Europe, Middle East and Africa of Amazon Web Services (AWS) in an insightful session that focused on the importance of collaboration.

Harrison Lung explained the importance of joining hands to forge stronger alliances. He said: “For us, it’s more about a transformation towards a global technology company. In the areas of partnering, the idea is to develop a win-win proposition and solving the needs of customers.”

With the region growing rapidly, Tanuja Randery said there is no better time than now for companies to enter the market and agrees collaboration is crucial. She said: “This region is so attractive in terms of the growth potential. I read a stat that showed that almost 70 per cent of businesses in the Middle East want to move most of their operations to the Cloud in two years’ time and this could unlock USD $733 billion of economic value by 2033. To make Cloud make accessible, we need partners and alliances.”

Driving investments for startups

Funding is a key pillar to drive growth – both in the long and short-term but can be often challenging. Steven Hoffman, Venture Investor, Author; and Chairman & CEO of Founders Space, gave key advice on how startups should adopt a vertical growth strategy for the future.

He said: “There is a lot of money going into AI but most of that is going into a handful of companies which are dominating the market and this is impacting the growth of startups. As such, a lot of money is now going into vertical AI where the specialist area is only on one focus such as healthcare or hospitality and this is centred around this business model and adding AI on top of this.”

In another session, Kai Zenner, Head of Office & Digital Policy Advisor of EU Parliament and Dr. Agostino Ghiglia, Board Member of the Italian Data Protection Authority took part in a broader discussion on the AI EU Act and its global implications for the next generation of AI-driven unicorns.  

Taking place at Dubai World Trade Centre (DWTC) until 18 October, GITEX GLOBAL presents its biggest, most international edition in its 44th year, welcoming over 6,500 exhibitors, 1,800 startups, 1,200 investors alongside governments from more than 180 countries.

GITEX GLOBAL is seamlessly connecting the world’s largest network of tech events. Today, major events such as GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco, and GITEX NIGERIA are under its umbrella with all fostering collaboration and driving innovation to shape the tech landscape of tomorrow.

Follow GITEX Global on social media: Facebook | Instagram | X | LinkedIn | Youtube

Hashtag: #GITEXGLOBAL

About GITEX GLOBAL

GITEX GLOBAL, the world’s largest tech event, is returning for its 44th edition at Dubai World Trade Centre from 14-18 October 2024. The 2024 edition will feature 6,500 exhibitors, and welcome 200,000 tech executives from 180 countries, converging the best minds, future-focused government leaders, and the most visionary enterprises and start-ups to scrutinise, challenge, define, and empower the digital agendas of the world. Independently rated globally as the world’s best tech show, GITEX GLOBAL’s continued expansion is amplified by the launch of GITEX EUROPE Berlin, GITEX ASIA Singapore, and GITEX NIGERIA in 2025, as well as the growth of GITEX AFRICA Morocco leading up to its third record-breaking edition. More information: www.gitex.com

About Dubai World Trade Centre

A global business facilitator since 1979, Dubai World Trade Centre (DWTC) is home to the region’s leading purpose-built convention and exhibition centre. DWTC provides a platform for connecting people, products, innovation and ideas from around the world through a dynamic calendar of international trade exhibitions and its own roster of sector leading mega events. As a designated free zone, complemented by award-winning commercial real estate, DWTC plays an integral role in Dubai and the region’s growth story. Since its inauguration, DWTC has hosted over 6,000 events, with an estimated economic output of AED 248 billion, attracting over 38 million business visitors to Dubai.

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SOURCE GITEX GLOBAL 2024

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Ampace will Showcase Innovative Energy Storage Solutions at All-Energy Australia 2024, Exploring Pathways for Energy Transition

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MELBOURNE, Australia, Oct. 17, 2024 /PRNewswire/ — The All-Energy Australia Exhibition will take place on October 23-24, 2024, in Melbourne. Ampace will debut, presenting its pioneering energy storage solutions tailored to facilitate Australia’s energy transition (Booth No. WW101).

Challenges and Opportunities in Australia’s Energy Transition

Australia’s energy landscape is experiencing significant transformations due to the pursuit of global carbon neutrality objectives. Consequently, the role of energy storage technology has never been more crucial in overcoming the hurdles associated with increasing volatility of electricity supply and demand. It is precisely in this context that Ampace is stepping into the Australian market with a mission to provide efficient and dependable storage solutions, supporting the nation’s sustainable energy aspirations.

Ampace: A Premier Provider of Green Energy Solutions

Ampace Technology Co., Ltd., as a joint venture of CATL and ATL, providing world class R&D and manufacturing of a complete chain Li ion battery products from “Cell-Battery Pack-System Integration”. With a strong foundation in micro vehicles, high-power products, and energy storage systems, Ampace is dedicated to providing the green energy solutions for users worldwide with “ultimate safety, ultimate reliability, ultimate performance, and ultimate experience”, developing battery products with high energy density, enhanced safety, and long life.

Ampace’s energy storage solutions have already proven their worth in Shenzhen, China, California, USA, and Chile, ensuring a stable power supply while delivering substantial cost savings to users. At the All-Energy exhibition, Ampace will showcase a comprehensive range of ESS products tailored to the Australian market, including commercial and industrial (C&I) solutions, residential energy storage, uninterruptible power supplies (UPS), and portable power solutions.

Empowering Energy Transition, Ampace Moves Forward

Entering the Australian market is a strategic milestone for Ampace’s global ambitions. The company remains steadfast in its user-centric approach, continuously refining product performance and service quality through technological innovation. Ampace is poised to assist Australia in achieving its energy transition and carbon neutrality goals, contributing to the sustainable evolution of the global energy sector.

At the All-Energy Australia Exhibition, Ampace eagerly anticipates collaborating with industry peers to forge pathways for energy transition and collectively propel the global energy sector towards a greener, more sustainable future.

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SOURCE Ampace

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HILTI UNVEILS NEW BRAND CAMPAIGN HIGHLIGHTING THE WORK OF CONSTRUCTION PROS

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The brand celebrates the craftsmanship and kinship at the heart of the construction industry

PLANO, Texas , Oct. 16, 2024 /PRNewswire/ — Hilti North America, a global leader providing innovative tools, technology, software, and services to the commercial construction industry, is debuting a fresh brand campaign that honors the grit and know-how of unsung heroes who take on the most challenging of jobs, day in and day out.

Built on direct experience from working with construction professionals, Hilti’s “Pros Know” campaign digs into what really matters to jobsite workers. The campaign, which has rolled out across social media, radio, search and display ads, recognizes the caliber it takes to push through bad weather, slog through mud, and meet relentless deadlines in harsh conditions and a chaotic environment. The campaign speaks directly to those who endure and never back down, underlining the resilience and determination that define the industry. 

Hilti aims to generate excitement and pride in being part of an industry that shapes the world. The creative approach is based on an understanding and admiration of the construction industry, that experts recognize the pros, and pros see the best in the field. The message spotlights the bonds that are central to the industry and shows why Hilti is a trusted partner that provides certainty in even the most uncertain of conditions—so that contractors can focus on mastering the build.

The “Pros Know” campaign also emphasizes Hilti’s unique boots-on-the-ground approach. The company’s direct sales model enables its team members to work closely with customers. That real-world insight drives Hilti’s innovation and helps the company connect with pros on the jobsite—as a productivity partner who understands the demands and pace of the job. Hilti is committed to making jobsites run more smoothly, safely, and productively, backed by the reliability of its 20-year limited warranty, 2-year wear & tear coverage, and 1-day turnaround on tool repairs.

“Through this campaign, we aim to shine a light on the contributions of construction workers to society,” said Muthu Manohar, Senior Vice President of Marketing and Engineering, Hilti North America. “Hilti honors your hard work and stands by you every step of the way, providing unwavering support to help you be more productive and safer—with a unique offering that goes beyond power tools.”

Hilti’s premium offerings transcend the anchors, firestop, and power tools for which it is most well-known. The company helps to optimize and streamline construction processes from start to finish, from the office to the jobsite.

For more information, visit hilti.com/prosknow.

About Hilti
Hilti is a leading provider of high-quality tools, fastening systems and software-based solutions for the professional user. With over 4,000 highly trained Hilti account managers, engineers, and employees throughout North America, Hilti’s expertise covers the areas of powder-actuated fastening, drilling and demolition, diamond coring and cutting, measuring, firestopping, screw fastening, adhesive and mechanical anchoring, strut and hanger systems, and solutions for tool crib productivity. Adding greater efficiencies to customers’ businesses, Hilti has tools with integrated features for improved worker and jobsite safety, advanced technologies and software for smoother workflows, and services that simplify construction management—ultimately making construction better. Hilti’s North American headquarters are in Plano, Texas. 

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SOURCE Hilti, Inc.

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Riot Announces Third Quarter 2024 Earnings Conference Call

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CASTLE ROCK, Colo., Oct. 16, 2024 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended September 30, 2024.

This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or internationally, please use this link here to register. A replay of the conference call will be available after the call ends, through this link.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.

Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

For more information, visit www.riotplatforms.com.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operating results, and the Company’s plans, objectives, expectations, and intentions. Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unaudited estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; megawatt (“MW”) capacity under development; we may not be able to realize the anticipated benefits from immersion cooling; the integration of acquired businesses may not be successful, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; failure to otherwise realize anticipated efficiencies and strategic and financial benefits from our acquisitions; and the impact of COVID-19 on us, our customers, or on our suppliers in connection with our estimated timelines. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.

Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc

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SOURCE Riot Platforms, Inc.

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