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RMC Switchgears to Set Up ₹100 Crore Solar Products Manufacturing in Jaipur of 1 GWp

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JAIPUR, India, Dec. 16, 2024 /PRNewswire/ — RMC Switchgears Limited is pleased to announce its plans to exploit its manufacturing strengths to establish a state-of-the-art Solar Module Manufacturing Plant with an annual production capacity of 1 GWp/Annum and manufacture the Solar Module Mounting Structure with the same capacity at Badodiya Village, Chaksu Tehsil, Jaipur, Rajasthan. This ambitious project, with an estimated capital expenditure of ₹100 crore, reflects RMC’s commitment to strengthening its renewable energy capabilities and driving sustainable growth.

The new facility will be located on land adjoining the company’s current operational plant, ensuring seamless integration and operational efficiency. The project’s CAPEX will be financed through a prudent mix of internal accruals, equity, and debt, underscoring RMC’s disciplined financial strategy. Both Plants are expected to be operational by July 2025, and commercial revenues are expected from August 2025.

Strategic Execution Through RMC Green Energy Pvt. Ltd.

The project will be executed through RMC Green Energy Pvt. Ltd., a key subsidiary of RMC Switchgears Limited. To facilitate this, RMC will increase its ownership in RMC Green Energy from 51% to nearly 100%, making it a wholly owned subsidiary through equity infusion and buying the shares on Fresh Issue by the subsidiary. This strategic move will enhance operational control and strengthen RMC’s vision of creating a comprehensive solar ecosystem.

Backward Integration to Strengthen Operations

As RMC actively explores new opportunities in Solar EPC and IPP projects, this expansion marks a crucial step toward backward integration. The Solar Module Manufacturing Plant will reduce RMC’s dependency on external suppliers by catering to the internal requirements of ongoing and future projects. This integration will enhance cost efficiencies, ensure timely execution, and improve supply chain reliability. Apart from the captive consumption of these products, the strong demand in the market will ensure a strong top line and bottom line for the company in FY 26.

Commenting on the announcement, Mr. Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, said: “This Solar Module & Module Mounting Structure Manufacturing Plants is a strategic backward integration for RMC, enabling us to reduce external dependencies and strengthen our ability to deliver Solar EPC and IPP projects seamlessly. By leveraging RMC Green Energy, we are not only supporting our current pipeline but also creating opportunities for commercial sales, positioning RMC as a significant player in the solar module market. This investment reinforces our commitment to innovation, sustainability, and delivering long-term value for our stakeholders. The addition to these lines will add the maximum products in our range such as EPC – Both Solar and Transmission, Modules, Structures, Solar Electrical Panels and Distribution Boxes, etc.”

Strengthening RMC’s Role in Renewable Energy

This initiative aligns with RMC’s Vision 2030 of becoming a ₹5000 crore enterprise while supporting India’s ambitious renewable energy targets. The plant will contribute to RMC’s ability to execute large-scale Solar EPC projects efficiently and solidify its presence in the renewable energy ecosystem.

About RMC Switchgears Limited:

RMC Switchgears is a leading player in the electrical infrastructure solutions sector, specialising in the manufacturing of electrical enclosures that prevent electrical theft and enhance safety by preventing electrocution. The Company has established a strong reputation in the smart meter enclosure market, supporting utilities across India under initiatives such as the Revamped Distribution Sector Scheme (RDSS). RMC’s solutions span manufacturing, installation, and Operations & Maintenance (O&M), making it a trusted partner for AMISPs, utilities and state entities as India modernises its power distribution networks.

RMC has recently expanded its focus to include renewable energy initiatives, particularly in solar and green energy EPC and IPP solutions, as part of its broader strategy to create value from India’s clean energy transition. The Company is also gearing up to participate in the Rs. 9 trillion investment planned by GOI for the Transmission segment through its EPC model. This transition complements the Company’s core infrastructure business, with additional efforts directed toward water management infrastructure using advanced technologies such as IoT. RMC continues to participate in providing high-value, customised solutions for discoms that enhance efficiency, reduce losses, and support India’s power security goals, reinforcing its role as a meaningful player in India’s sustainable infrastructure development.

 

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Amasian TV Now on LG Channels: Your New Destination for Korean Dramas and Trendy Asian Entertainment

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FULLERTON, Calif., Dec. 19, 2024 /PRNewswire/ — ODK Media, Inc., the powerhouse behind North America’s largest Korean streaming platform, is proud to announce its partnership with LG Electronics to launch Amasian TV channels on LG Channels.

Launching first in the U.S. and Canada in December 2024, Amasian TV offers over 200 fresh, premium movies and series, blending cultural richness with top-tier entertainment. Powered by advanced AI-driven analytics, Amasian TV ensures viewers always have access to trending, top-rated content.

Building on its reputation as a leader in Asian content distribution, ODK Media operates platforms like OnDemandKorea, OnDemandChina, and OnDemandViet, trusted by millions for premier entertainment. Leveraging its expertise in FAST (Free Ad-Supported Streaming TV) and multicultural audience insights, ODK is expanding partnerships with top streaming platforms and CTV providers to cater to general audience who love culturally rich content.

“We’re thrilled to partner with LG Electronics to bring Amasian TV to millions,” said Young Cha, Founder and CEO of ODK Media. “This partnership represents a significant milestone in our global mission to deliver premium, localized entertainment. With ODK’s FAST expertise and LG’s platform, we are redefining the global experience of Asian entertainment”

LG Channels, is a free streaming service offering 300+ curated live and on-demand channels, including movies, TV shows, news, sports, and kids’ content. Available on LG Smart TVs.

With the launch of Amasian TV on LG Channels, ODK Media continues to pave the way for global audiences to enjoy the best in Asian entertainment.

About ODK Media0
Since 2011, ODK Media, Inc. has been at the forefront of connecting global viewers to premium international content. Through its owned and operated OTT platforms, including Amasian TV, OnDemandKorea, OnDemandChina, and OnDemandViet, ODK Media offers top-tier entertainment to diverse audiences. The company’s extensive global content network provides comprehensive end-to-end solutions, including content IP distribution, localization, and monetization, to global service providers, broadcasters, and theaters. For more information, please visit www.odkmedia.net.

Media Contact
pr@odkmedia.net

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SOURCE ODK Media Inc.

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Malwarebytes Expands Corporate Go-To-Market Executive Leadership Team

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New leaders to Fuel Continued Growth and Expansion of Corporate Business Unit

SANTA CLARA, Calif., Dec. 19, 2024 /PRNewswire/ — Malwarebytes, a global leader in real-time cyber protection, today announced the expansion of its corporate go-to-market executive leadership team. For its Corporate business unit, Malwarebytes recently hired Andy Singer as Senior Vice President (SVP), Marketing; promoted Lee Wei to SVP, Customer & Product in September; and elevated Jason Coville to Chief Revenue Officer in April. These newly appointed leaders will spearhead revenue, product, marketing, and customer success efforts to support the continued small and medium business (SMB) and managed security provider (MSP) growth.

“We continue to see tremendous demand for advanced, cost-effective, and easy to use cybersecurity solutions for SMBs and MSPs,” said Marcin Kleczynski, Founder and CEO, Malwarebytes. “Jason, Lee Wei, and now Andy have stepped into new roles at a pivotal time as we continue to innovate and invest in our ThreatDown product family. Their expertise and unwavering passion for our mission—to conquer threats and empower IT—are essential as we continue to transform SMB cybersecurity.”

These three executives bring decades of security and go-to-market experience. Jason Coville previously served as the unit’s Chief Sales Officer, as CRO he will be responsible for aligning sales and marketing, while driving growth and maximizing profits. Lee Wei, previously served as VP, Global Field Technical Solutions and Operations, as SVP, Customer and Product, he will be responsible for aligning sales, marketing, and customer success, while driving growth and maximizing profits. Andy Singer previously served in a number of security marketing leadership positions for both public companies and startups, as SVP of Marketing he is responsible for global go-to-market strategy and execution.

Since growing the executive leadership team, ThreatDown, powered by Malwarebytes has expanded its product offerings, grown its channel business and partnerships and received multiple third-party validation awards. In just one year, the organization strengthened its product portfolio with bundles, Managed Detection & Response (MDR) enhancements, ARM-based support and Security Advisor with AI. Malwarebytes entered new strategic partnerships with Connectwise, TeamViewer, Onecom, SuperOps, Climb Channel Solutions among others. Third-party validation continues to be a focus for the company with ThreatDown earning every MRG Effitas award for three consecutive years, alongside multiple G2 accolades including leader recognition for Endpoint Detection and Response (EDR) and Managed Detection & Response (MDR), most implementable and best support.

To learn more about ThreatDown products and solutions, powered by Malwarebytes, visit the website, or follow us on LinkedIn and X.

About Malwarebytes
Malwarebytes is a global cybersecurity leader delivering award-winning endpoint protection, privacy and threat prevention solutions worldwide. Built on decades of experience as the last resort to find and eradicate the latest malware, Malwarebytes is now trusted by millions of individuals and organizations to stop threats at each stage of the attack lifecycle, secure digital identities and safeguard data and privacy. A world class team of threat researchers and proprietary AI-powered engines provide unmatched threat intelligence to detect and prevent known and unknown threats. The company is headquartered in California with offices in Europe and Asia. For more information and career opportunities, visit https://www.malwarebytes.com.

Malwarebytes Media Contact:
Julianne Cavanaugh, Public Relations
press@malwarebytes.com

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SOURCE Malwarebytes

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MAIRE SIGNS AN AGREEMENT FOR A JVC BETWEEN NEXTCHEM AND NEWCLEO TO PROVIDE HIGHLY QUALIFIED TECHNICAL SERVICES FOR THE DELIVERY OF POWER PLANTS BASED ON NEWCLEO’S 200 MWe NUCLEAR ADVANCED MODULAR REACTOR (AMR)

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The JVC will provide highly qualified technical services to newcleo for the delivery of design, critical equipment supply and project management integrationThe JVC will also look to offer its services to other SMR and AMR technology providersnewcleo will take a 40% stake in the JVC focused on creating new IP and performing technical services and NEXTCHEM will be granted newly issued shares up to 5% of newcleo’s share capital at pre-money valuationTECNIMONT (MAIRE integrated E&C solutions) will be granted preferred status as E&C solutions provider

MILAN, Dec. 19, 2024 /PRNewswire/ — MAIRE S.p.A. and newcleo Holding SA (“newcleo”) have signed an agreement for a Joint Venture Company (JVC) between MAIRE’s subsidiary NEXTCHEM (Sustainable Technology Solutions) and newcleo to develop a new generation commercial-scale power plant, based on newcleo’s 200 MWe Advanced Modular Reactor (AMR). According to newcleo’s plan, the first non-nuclear pre-cursor prototype of the AMR is expected to be ready by 2026 in Italy, the first reactor operational in France as of end 2031, while final investment decision for the first commercial power plant is expected around 2029.

 

newcleo’s LFR (Lead-cooled Fast Reactor)-AS-200 technology fully embodies the circular economy model using mixed oxide (MOX) as fuel (i.e. reprocessed nuclear wastes), in line with NEXTCHEM’s vision on circularity.

The JVC will facilitate and accelerate the development and commercialization of the “LFR-AS-200”, thanks to the synergic competences of the two shareholders in the energy industry.

Upon execution of binding agreements, newcleo will take a 40% stake in the NEXTCHEM’s newly incorporated company focused on creating new intellectual property (IP) and performing technical services. The deal will result in NEXTCHEM being granted newly issued shares up to 5% of newcleo’s share capital at pre-money valuation, subject to the achievement of certain milestones the first of which is newcleo’s entrance into the JVC, and the last being linked to the final investment decision (FID) by the first client.

NEXTCHEM will contribute to the JV skills, management and engineering competences and tools, as well as a dedicated commercial platform for the deployment of LFR-AS-200 projects, to complement newcleo’s ever growing expertise in the nuclear field.

The JVC will benefit from competences of both parties and create its own new IP. In particular, newcleo will develop the nuclear reactor for its own LFR-AS-200 technology, while NEXTCHEM will leverage its own distinctive know-how to enable the JVC to deliver the extended basic design, procure the critical proprietary equipment relevant to the Conventional Island and Balance of Plant of the nuclear power plant, and provide project management/integration services to newcleo.

The Conventional Island and the Balance of Plant are essential to convert nuclear energy into electrical power dispatchable to the grid or used to serve chemical districts according to NEXTCHEM’s e-Factory format, thus contributing to the decarbonization of the chemical industry by producing low-carbon chemicals and e-fuels.

The JVC will also provide integration services to other SMR (Small Modular Reactor) and AMR technology providers who are not competing with newcleo. This business model will serve the industrialization of the energy transition for any customer potentially interested in implementing power plants based on Generation IV nuclear technologies.

TECNIMONT (Integrated E&C Solutions) will be granted a preferred partner status for the delivery of projects, thanks to its state-of-the-art modularization approach to optimize construction and planning methodology, reducing time and costs.

The transaction is expected to be finalized by the end of February 2025.

Alessandro Bernini, CEO of MAIRE, commented: “This collaboration is a clear representation of our ability to offer a complete range of services for energy transition combining our innovative vision on sustainable technology solutions with our traditional competences in integrated engineering solutions. Today we set a further milestone in our progressive path to implement carbon-neutral chemistry models based on safe, reliable and competitive energy supply.”

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