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Bladex Leads US$86 Million Syndicated Loan to Support Grupo Monge’s Business

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PANAMA CITY, Nov. 7, 2024 /PRNewswire/ — Banco Latinoamericano de Comercio Exterior, S.A. – Bladex (NYSE: BLX) announced the successful closing of an institution-led US$86 million syndicated loan to strengthen Grupo Monge’s business and extend its maturity profile. The transaction is the third syndicated loan managed by Bladex for Grupo Monge, which was oversubscribed 70% above the original amount, consolidating a long-term strategic relationship of trust and confidence between the two organizations and the participating financial institutions.

Grupo Monge, with more than 50 years of experience in Central America, is one of the leading retailers of durable goods and consumer finance, operating 664 stores in five countries: Costa Rica, Guatemala, Honduras, Nicaragua and El Salvador. The company is known for its focus on financial inclusion, facilitating access to durable goods, particularly for the unbanked and low-income sectors.

The syndicated loan, structured and led by Bladex, included participation from prominent banks in the region, reinforcing the Bank’s ability to bring together strategic allies to finance its customers’ growth. The transaction underscores Bladex’s commitment to economic development in Latin America by facilitating access to credit for companies seeking to expand in emerging markets.

These resources will allow the Group to deepen its strategy of financing micro-loans to individuals and small businesses, support the financial inclusion of customers in the informal sector of the economy, and diversify its sources of funding by bringing new counterparties and/or banking relationships to the Group.

“We are proud to have led this transaction for Grupo Monge, providing it with the necessary resources to expand in the Central American region. This syndicated loan not only supports the growth of an emblematic company in the region, but also underscores our purpose to be a bridge to promote the economic development of Latin America,” said Warren Bonilla, Senior Vice President for Central America and the Caribbean. “This transaction is a testament to Bladex’s commitment to accompany our customers at every stage of their growth.”

For Franco Naranjo, CFO of Grupo Monge, “with this credit facility, we are expanding our ability to promote the development of more individuals and families from the unbanked and low-income sectors, both in urban and rural areas, by providing financing opportunities for the purchase of durable goods such as motorcycles, electronics, white goods and other essential items.

It is important to note that part of the funds will be allocated to Financiera Monge in Costa Rica to continue its consolidation and expansion process.

We are grateful for the trust and support of Bladex and the participating institutions, as this funding is essential to reach more people and improve their lives.”

By leading this operation, Bladex reinforces its role as a facilitator of growth and development in Latin America, promoting projects that contribute to the economic well-being of the region. The Bank’s ability to structure syndicated loans demonstrates its commitment to creating opportunities and promoting inclusive and sustainable growth.

Bladex is a multinational bank, originally created by the Central Banks of Latin America and the Caribbean, which began operations in 1979 with the aim of promoting foreign trade and economic integration in the region. Headquartered in Panama, the Bank has offices in Argentina, Brazil, Colombia, Mexico and the United States of America, in addition to its representative license in Peru, to promote regional development and expand its customer base, which includes financial institutions and corporations.

Bladex has been listed on the New York Stock Exchange (symbol: BLX) since 1992 and its shareholders include Central Banks, banks and government entities from 23 Latin American countries, as well as financial institutions, institutional investors and individuals.

CONTACT:
Warren Bonilla B. – Head of Central America and the Caribbean
E-mail address:  wbonilla@bladex.com
Tel: +507 210-8500
Head Office Address:  Torre V, Business Park, Ave. La Rotonda, Urb. Costa del Este, Panama, Republic of Panama
www.bladex.com 

View original content:https://www.prnewswire.com/news-releases/bladex-leads-us86-million-syndicated-loan-to-support-grupo-monges-business-302299191.html

SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

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Greenway’s Cell-Driven “Core” Technology Debuts at the Milan EICMA Two-Wheeler Exhibition

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MILAN, Nov. 8, 2024 /PRNewswire/ — November 5th to 10th, Greenway(SHSE:688345), a global leader in micromobility lithium battery solutions , showcased its innovative battery solutions for electric motorcycles and electric-assisted bicycles at the 2024 EICMA exhibition in Milan, Italy, under the theme “Safety, Sustainability, Smart.”

With 18 years of experience in the micromobility lithium battery sector, Greenway has refined its Cell-Driven “Core” technology. It utilizes 18650 and 21700 small cylindrical cells from major Japanese and Korean companies like LG, Samsung, and Panasonic, as well as its “Gingu Bang” 34145 large cylindrical cells from its subsidiary, K-tech New Energy. These products cater to the diverse battery needs of electric two-wheelers worldwide.

Greenway is committed to the electrification of motorcycles, providing high-end customized lithium battery solutions to world-renowned electric motorcycle and bicycle brands. Since 2016, it has partnered with Yadea, supplying batteries for models like the high-end Yadea Z3 electric motorcycle.

Safe Travel: Speed and Passion

Recognized for its safety efforts, Greenway received China’s first CCC certification for electric bicycles on October 23, covering products such as the IMR34145E 12 and IMR34145E 14 large cylindrical cells from the “Gingu Bang” series and the DZ48N-28EM battery pack. Internationally, its electric-assisted bicycle battery achieved the world’s first PRODUCT SAFETY MARK certification to the EN50604-1 standard, ensuring compliance with European safety regulations.

Green and Environmentally Friendly: Committed to Sustainable Development

In line with the EU Battery Regulation (EU) 2023/1542, Greenway’s products for the EU market now meet the required declarations and carry the CE mark, reflecting its commitment to environmental sustainability. The company employs eco-friendly design practices, including solder-free connection technology, which simplifies assembly and enhances recyclability. This allows for localized repairs without discarding entire battery packs in the event of malfunction.

Smart Travel: Offering You A Better Journey

To improve the travel experience, Greenway has developed an advanced Battery Management System (BMS) incorporating IoT smart modules. This system allows real-time communication between the battery and smart devices, enabling users to monitor battery health remotely and utilize intelligent fast-charging capabilities during peak usage.

At the Milan exhibition, Greenway is showcasing its comprehensive solutions for electric two-wheelers, from cells to PACKs, and introducing its advanced Non-welding and Wire bonding technology. The company invites industry peers to  explore future lithium battery innovations for electric two-wheelers.

To learn more, please visit the Greenway official website: https://www.greenway-battery.com

Photo – https://mma.prnewswire.com/media/2552313/Greenway_2024_EICMA_exhibition.jpg
Logo – https://mma.prnewswire.com/media/2552312/Greenway_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/greenways-cell-driven-core-technology-debuts-at-the-milan-eicma-two-wheeler-exhibition-302299760.html

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THE VIDEO GAME TWO FALLS (NISHU TAKUATSHINA) FINALLY LAUNCHES ON NOVEMBER 8!

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Each player will experience a unique journey tied to the perspective of the chosen character.

MONTRÉAL, Nov. 8, 2024 /CNW/ – The upcoming launch of Two Falls (Nishu Takuatshina) on Friday, November 8, will mark a pivotal moment in video game history. Centered around a narrative exploration, this interactive drama is the first Quebec-made game to address Indigenous realities and present them from the perspective of the communities themselves. In the context of national reconciliation, this approach will contribute to bridging the gap between the groups involved.

Two Falls depicts the initial encounters between French settlers and Indigenous peoples in the vast forests of 17th-century Canada. It allows players to experience the intertwined adventures of the characters Jeanne and Maikan.

Jeanne is a young Fille du Roy who has come from France, hoping to start a new life in the Canadian territories. However, her dreams quickly turn into a nightmare when her ship runs aground. Stranded far from the colonies and without any tools to survive the wilderness, her only companion is Captain, a charming English sheepdog.

As for Maikan, a young Innu hunter-gatherer, he embarks on a journey westward to unravel a mystery. His path will lead him through unfamiliar wilderness, but nothing can prepare him for his first encounter with outsiders.

Players will take turns embodying each character, discovering their unique realities and cultures. Each character has their own way of seeing, hearing, and feeling the world. As they experience different episodes from the perspective of Jeanne or Maikan, they will realize that the same event can hold very different meanings, leading them to question their beliefs.

Discovering through different perspectives

The publisher Unreliable Narrators has brought together a passionate team for Two Falls, including Indigenous creators Awastoki (3D artist), Isabelle Picard (writer and screenwriter), Tara Miller (art director), Charles Bender and James Malloch (actors), and Eadsé (composer). Its content has been validated by a council of Innu and Wendat elders, who suggested story variations that they wanted to highlight.

One of the game’s objectives is to revisit historical moments from contrasting perspectives. This results in a rich and nuanced narrative that encourages players to reflect on the current world. “We hope to inspire curiosity and interest in our culture, our history, and our perspectives,” explains Alexis Gros-Louis Houle, founder of Awastoki and 3D artist. “Our people are always happy to share their ways of thinking and acting with others. Inevitably, we find that the values of one and the other are similar despite our differences.”

A technology at the service of a unique storyline

Thanks to the powerful Unreal Engine 5, players will be able to explore the Canadian territory from two different perspectives. These viewpoints are expressed through distinct artistic directions that accompany the player based on the chosen character. Producing these elements was a significant challenge, says Kim Berthiaume, who participated in the project as the general director of Unreliable Narrators.

“It was essential to translate the contrasting perceptions of the protagonists into unique versions for each. We customized the textures, trees, rocks, soundscapes, and even the music for each perspective. This approach allowed us to accurately convey the emotional and narrative differences in the experiences of Jeanne and Maikan.”

Among the many features of Two Falls, we highlight the following:

Its stunning environments with lush vegetation and varied atmospheres;Its intriguing characters and a rich, captivating storyline drawn from the imagination of Wendat writer Isabelle Picard;Players’ decisions shape the personalities of the protagonists and their perceptions of the characters they encounter, the events they experience, and the environments they explore;The original soundtrack was composed by Indigenous musicians and singers.

Two Falls will be available for $25.99 on Steam and Epic Games Store on November 8, followed by releases on PlayStation 5 and Xbox Series X|S in early 2025.

SOURCE Indie Asylum

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FE Systems becomes one of the leading service providers in the high-end IT sector

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– Picture is available at AP

LONDON, Nov. 8, 2024 /PRNewswire/ — FE Systems is a rapidly rising IT company based in London, United Kingdom. They provide a wide range of software development services and solutions all across the globe matching any timezone. Founded in the year 2023 and is already one of the top IT companies in the UK. The company serves small, mid and large sized clients from all over the world. FE Systems also provides security on E-commerce platforms and has already been able to protect numerous websites from cyber attacks. Worth mentioning they have prominent strategic partners, some of them are AWS amazon web services, Google and Meta.

E-commerce is the new way of doing business and FE Systems brings over a rich expertise in professional e-commerce website development. They build powerful, customized online stores that elevate your brand, with scalable solutions that integrate seamlessly with payment gateways, inventory, finance, and other business tools. Expand your digital presence with a robust e-commerce platform, guided by FE Systems Ltd.

Their process starts with meeting clients to understand their requirements properly in order to identify the best method to solve them. This knowledge allows to conduct research, plan and come up with solutions to assist them in achieving their business goals.

FE Systems top class project management ensures timeline delivery of a quality product, which is requirement specific and completely business oriented.

Timezone compatible

They do work with different clients from all parts of the world and provide services as per their timezone. Their developers got available as per their timezone preferences.

As an IT software development company, they offer ongoing support, adjustive enhancements, perfective upgrades, technical improvements, etc. Anything to keep you going and growing with a 24/7 support – 365 days a year.

Contact:

FE Systems Ltd.
Besim Ibrahimaj
Kontakt: contact@fe-systems.co.uk
483 GREEN LANES LONDON
UNITED KINGDOM N13 4BS

 

View original content:https://www.prnewswire.co.uk/news-releases/fe-systems-becomes-one-of-the-leading-service-providers-in-the-high-end-it-sector-302298759.html

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