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G Camp to Lead 8 Taiwanese Startups to Showcase at Web Summit in Portugal

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LISBON, Portugal, Nov. 5, 2024 /PRNewswire/ — G Camp, a startup incubation platform dedicated to bringing Taiwan’s startups to the global stage, is leading eight exceptional Taiwanese startups to participate in Web Summit, Europe’s largest and most influential tech event. Web Summit will take place in Lisbon, Portugal from November 11 to 14, 2024, at the MEO Arena, where G Camp will host a dedicated Taiwan startup pavilion. The goal is to showcase Taiwan’s innovative capabilities to the world, foster connections with global industries, and create new international business opportunities.

Since 2018, G Camp has been committed to helping Taiwanese startups connect to international resources. Through its “International Innovation and Entrepreneurship Training Camp,” it provides startups with international mentorship, guidance for participating in overseas exhibitions, and business connections. Over the past seven years, G Camp has nurtured over 100 Taiwanese startups, expanding their reach into international markets across 47 countries and generating more than US$25,000,000 in business opportunities.

For this 8th cohort of G Camp, a collaboration with Silicon Valley’s 10X Innovation Lab provided a three-day intensive training camp conducted entirely in English. The training camp offered lectures on the Silicon Valley venture capital ecosystem, fundraising strategies, and interactive workshops. Startups engaged in simulated business negotiations, and guidance was given on building LinkedIn connections and crafting international business presentations. Teams received personalized one-on-one coaching to develop overseas expansion strategies covering product development, marketing, and market entry.

After a rigorous selection process, 20 startup teams presented their progress in a final pitch competition in August. A panel of 11 experts in the venture capital and corporate sectors from Taiwan, the U.S., Japan, and Singapore selected the top eight startups to represent Taiwan at Web Summit 2024. The selected teams span five major fields: AI, green technology, the circular economy, medical technology, and information security.

The participating companies include:

Megasense Technology Corp.: Partnering with the Taipei Metro, they provide safety detection radar systems for the automotive and industrial safety markets.Frontier.cool Inc.: The world’s largest digital textile cloud platform, favored by brands like adidas and Under Armour.Turing Space: A global digital certification platform endorsed by the World Health Organization (WHO), with over 400 organizations onboarded.Strong & Wise Material Tech Company: Uses patented AI technology to convert over 90% of textile waste into green building materials, and used in projects such as recent Winter Olympic venues.PackAge Plus: Taiwan’s largest reusable packaging company, working to make Taiwan a sustainable island through its circular economy solutions.Jmem Tek: Backed by 500 Global, Jmem Technology offers an unhackable solution to prevent chip data theft and illegal copying.Coherence Bio: Backed by SparkLabs Taiwan, Coherence Biotech revolutionizes lab operations with automation solutions.AiSeed Tech: Developer of long-endurance, wind-resistant AI drones, with military contracts in Taiwan.

Web Summit, often hailed as Europe’s most prominent innovation and tech event, brings together leading tech companies such as SAP, IBM, and VISA, along with global media outlets like TIME, The New York Times, and Vogue Business. The 2024 edition is expected to attract more than 3,000 startups and 1,000 investors, as well as a total of 70,000 professionals from the tech industry. This event presents a prime opportunity for Taiwan’s startups to network with international corporations and investors, potentially securing collaborations and elevating the visibility of Taiwan’s startup ecosystem on the global stage.

Exploring Opportunities in Portugal and Spain’s Startup Ecosystems

In addition to participating in Web Summit, G Camp will also lead Taiwan’s startups to engage with Portugal and Spain’s thriving startup networks for the first time. The Taiwanese startup teams have already received invitations from several Portuguese and Spanish incubators and accelerators. An international roadshow featuring a series of bilateral meetings are planned, helping Taiwanese startups connect with global corporations and expand their footprint in international markets. Spain’s startup ecosystem is renowned for its diversity and global reach, ranking third in Europe according to a report on Europe’s top innovation hubs. The capital city, Madrid, boasts robust incubation and acceleration programs that continue to attract international startups and investors, particularly in sectors such as transportation, energy, and cybersecurity. By fostering these exchanges, Taiwan’s startups hope to ignite new collaborations and business opportunities with their Portuguese Spanish counterparts.

View original content:https://www.prnewswire.co.uk/news-releases/g-camp-to-lead-8-taiwanese-startups-to-showcase-at-web-summit-in-portugal-302296214.html

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Canaan Inc. Closes Series A-1 Preferred Shares Financing

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SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the “Preferred Shares Financing”), raising total gross proceeds of US$30 million

On November 19, 2024, the Company entered into a securities purchase agreement (“Securities Purchase Agreement”) with an institutional investor (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the “Preferred Shares”) at the price of US$1,000.00 for each Preferred Share.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 6-K dated November 20, 2024 announcing the execution of the Securities Purchase Agreement.

This press release is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any securities, which is made only by means of a prospectus supplement and related prospectus. There will be no sale of these securities in any jurisdiction in which such an offer, solicitation of an offer to buy or sale would be unlawful.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, Canaan Inc.’s anticipated financing plans and its intended use of proceeds contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

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SOURCE Canaan Inc.

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Hisense Launches End-of-Year Sale Across the GCC Featuring Exclusive Surprises

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DUBAI, UAE, Nov. 26, 2024 /PRNewswire/ — Hisense, a global leader in consumer electronics and home appliances, is excited to announce its “Unlocked for Exclusive Surprises” End-of-Year Sale across the GCC region. Running until December 5, 2024, this highly anticipated campaign provides consumers with the opportunity to elevate their homes with cutting-edge technology and stylish appliances.

 

 

The campaign showcases Hisense’s wide range of premium products, designed to enhance entertainment and home living. From advanced TVs and projectors to innovative appliances, the sale promises incredible value and unmatched quality for GCC shoppers.

Entertainment reaches new heights with the C1 Mini Projector, a compact yet powerful companion that delivers stunning visuals and sharp detail. Its sleek design combines immersive entertainment and portability, making it ideal for any space.

The ULED MiniLED U7 sets a new standard for home entertainment, offering vibrant colors, precise contrast, and AI Sports Mode for seamless motion handling. This TV is perfect for gaming, sports, and streaming enthusiasts, with IMAX Enhanced certification and Multi-Channel Surround Sound delivering a cinematic experience at home.

Cinema magic comes to life with the 100L9H Laser TV, featuring a 100-inch TriChroma™ display with Dolby Vision and ultra-bright 4K resolution. Every scene bursts to life with vivid detail and clarity, making it an exceptional choice for movie nights and sports events.

Advanced cooling technology is at the heart of the Super Cooling Series Refrigerator, ensuring groceries remain fresh longer. With energy-efficient features and precise temperature control, this appliance combines functionality with modern convenience.

The RQ759 Smart PureFlat Refrigerator blends style and innovation, featuring spacious interiors, a sleek flat-door design, and smart cooling systems that elevate both aesthetics and practicality in contemporary kitchens.

Laundry becomes smarter and more efficient with the 7S Smart Series Washing Machine, offering intuitive controls and eco-friendly features for faster, seamless cleaning cycles.

Even the toughest cleaning challenges are met with the Smart Dishwasher HS673C90BME, a high-performance appliance featuring advanced washing cycles, energy-efficient operation, and a sleek design that complements modern kitchens.

Available Across the GCC

The “Unlocked for Exclusive Surprises” End-of-Year Sale is available across the GCC region, providing consumers with access to Hisense’s premium products. These cutting-edge offerings are available at leading retailers such as Carrefour, Sharaf DG, and Lulu, as well as online platforms like Amazon.ae and Noon.com.

About Hisense

Hisense, established in 1969, is a global leader in home appliances and consumer electronics operating in over 160 countries. Specialising in multimedia, home appliances, and IT solutions, Hisense prioritises integrity, innovation, and sustainability.

With over 50 years of expertise, Hisense offers top-quality products, exceptional after-sales services, and extensive warranties. The company pioneers cutting-edge technologies such as the Laser TV, ULED Local Dimming Backlight Control and chip technology, developing 8K ultra high-definition display chips, TV SoC chips, and AI chips. Beyond consumer electronics, Hisense excels in B2B industries such as intelligent transportation, medical technology, and optical modules.

Hisense proudly owns and has acquired renowned brands, including Toshiba TV, gorenje, Kelon, Ronshen, and ASKO, solidifying its position in the market. As a sponsor of major sporting events, Hisense has been associated with events such as FIFA World Cup Qatar 2022™, UEFA EURO 2020™ and UEFA EURO 2024™, and clubs such as Paris Saint-Germain. In 2024, Hisense further strengthened its sports partnerships by forming a strategic alliance with Real Madrid focused on the MEA region, highlighting its commitment to excellence and innovation.

With 34 industrial parks, 26 R&D centres and 66 overseas companies, Hisense continues to lead the industry with a diverse range of products. With regional headquarters in Dubai, UAE, and 5 offices across the MENA region, Hisense ensures efficient manufacturing, innovation, and distribution, to meet the evolving needs of consumers in the market. Stay updated with all the latest developments on the website: https://hisenseme.com/

Photo: https://mma.prnewswire.com/media/2567582/Hisense_Middle_East.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/hisense-launches-end-of-year-sale-across-the-gcc-featuring-exclusive-surprises-302316352.html

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Locus Robotics Promotes Denis Niezgoda to Chief Commercial Officer of International

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Strategic appointment to accelerate international growth, enhance customer engagement, and drive market expansion across EMEA and APAC regions

WILMINGTON, Mass. and AMSTERDAM, Nov. 26, 2024 /PRNewswire/ — Locus Robotics, a global leader in warehouse automation for supply chain and fulfillment warehouse automation, is pleased to announce the promotion of Denis Niezgoda to Chief Commercial Officer (CCO) of International. Locus Robotics is poised for the next phase of growth, driven by the increasing demand for versatile, scalable automation solutions in the global supply chain. Niezgoda’s promotion underscores the company’s focus on delivering advanced, end-to-end warehouse automation solutions through the LocusOne platform, enabling businesses to meet complex operational challenges and achieve sustainable growth.

“Denis’s promotion marks an exciting step forward for Locus Robotics as we continue to expand our presence in international markets,” said Rick Faulk, CEO of Locus Robotics. “His leadership and vision have been instrumental in driving success across EMEA and APAC. As we look to the future, Denis’s strategic insight and proven ability to align commercial efforts will help us deliver even greater value to our customers and partners worldwide.

In his expanded role, Niezgoda will lead initiatives to capture untapped opportunities, strengthen partnerships, and ensure seamless alignment across all commercial functions. He will focus on reinforcing Locus’s position as the go-to provider of adaptable warehouse automation, highlighting the unmatched versatility, scalability, and flexibility of its solutions.

“I’m thrilled to step into this new role during such an exciting time for Locus Robotics,” said Denis Niezgoda, Chief Commercial Officer, International. “Our ability to empower businesses with innovative, scalable solutions has set us apart in the industry. I look forward to building on our momentum, driving market expansion, and supporting our customers and partners in navigating the future of warehouse automation.”

Locus Robotics has achieved significant milestones in its global growth strategy, including deploying over 15,000 robots across 350+ sites in 20+ countries, enabling businesses to enhance productivity and adapt to evolving market demands. With Niezgoda’s leadership, the company is positioned to further extend its reach, innovate with customer-centric solutions, and redefine automation in the supply chain and fulfillment sectors.

For more information about Locus Robotics and its solutions for warehouse automation, please visit www.locusrobotics.com.

About Locus Robotics
Locus Robotics is the global leader in adaptable, scalable AI-powered warehouse automation solutions, transforming fulfillment operations for top brands worldwide. With over 15,000 robots deployed across 350+ sites in 20+ countries, Locus delivers unmatched flexibility and productivity. The LocusOne platform integrates seamlessly with existing systems, offering dynamic scalability through a Robots-as-a-Service (RaaS) model. Committed to innovation, compliance, and sustainability, Locus’s multi-award winning solution empowers businesses to meet today’s supply chain challenges while preparing for the future.

Contact: Kary Zate, kzate@locusrobotics.com

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SOURCE Locus Robotics

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