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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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ViewSonic Powers Team Spirit and Innovative Learning at 2024 PASVEX Robotics Signature Event

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BREA, Calif., Dec. 20, 2024 /PRNewswire/ — ViewSonic Corp, a leading global provider of visual solutions, supports the 2024-25 PASVEX Robotics Signature Event, held from December 19th to 21st at the Pacific American School (PAS) in Hsinchu, Taiwan. The event brings 61 international teams together to compete in robotics challenges, fostering innovative learning and team engagement. To enhance the experience for participants and spectators, PAS has adopted ViewSonic’s 163-inch All-in-One LED display (LDM Series) alongside multiple visual solutions, ensuring crisp, live competition broadcasts and strengthening the overall event atmosphere.

“Hosting this competition reflects our commitment to providing students with a platform that inspires creativity and fosters learning,” said Pamela Chu, Head of School at Pacific American School. “The addition of ViewSonic’s visual solutions, such as the 163-inch LED display, serves as an excellent tool for international events. Its flexibility also enhances students’ experiences, elevating their engagement in a variety of school activities.”

“It is exciting to witness ViewSonic’s LED display empowering PAS to host a global robotics competition. The All-in-One LED display simplifies setup while delivering vibrant visuals and an engaging experience for sizable audiences. With the added mobility of the floor stand, it offers greater flexibility and accessibility for large display applications. This reflects our dedication to offering solutions that meet the needs of organizations while advancing innovation and transformative visual experiences,” said Dean Tsai, General Manager of Projector & LED Display Business Unit at ViewSonic.

The LDM Series delivers large, clear, and immersive competition live-streaming for participants who stay in the viewing area, addressing the limitations of previously fixed, wall-mounted 130-inch traditional LED displays. The 163-inch high-brightness screen, paired with dual 30W speakers, enhances the viewing experience and engagement, while its all-in-one system integration design and a built-in OS allow for easy operation via remote control and dedicated VEX broadcast app installation. The addition of a mobile stand ensures easy repositioning, enabling the display to adapt to diverse event layout needs, such as wirelessly mirroring tactical strategies for sports coaching, presenting artwork, or serving as a backdrop for musical performances.

Beyond the LDM Series, ViewSonic’s broader suite of visual solutions ensures a seamless visual experience across the venue. ViewBoard interactive displays are featured to display real-time rankings, competition schedules, and updates in key areas, improving accessibility for teams. A high-brightness laser projector in the media center supports live streaming and event broadcasting, presenting clear visuals and reliable performance for spectators.

About Pacific American School
In a world shaped by AI and emerging technologies, Pacific American School is redefining education to meet the demands of the future. Transitioning from traditional content-based learning, the school emphasizes project-based, interdisciplinary approaches to develop critical thinking, problem-solving, and innovation—essential skills in an AI-driven era, empowering students to apply their knowledge in real-world contexts.

The school’s strong track record of graduates attending world-renowned colleges and universities demonstrates its commitment to student success, PAS is a launchpad for future global leaders, equipped with the skills, values, and vision to make a meaningful impact. For more information, visit www.pacificamerican.org.

About ViewSonic
Founded in 1987 in California, ViewSonic is a leading global visual solutions provider with a presence in over 100 countries. The company leverages over 35 years of expertise in visual technology to deliver a comprehensive portfolio of hardware, software, content, and services. ViewSonic offers a wide range of products, with screen sizes spanning from 5 inches to a massive 760 inches. This includes interactive displays, large format displays, LED displays, pen displays, monitors, projectors, SaaS, AI services, interactive content, and more. This innovative ecosystem empowers education, workplaces, and individuals to foster creativity, collaboration, and seamless learning. ViewSonic focuses on designing products that deliver optimal performance and customer satisfaction while integrating sustainable production practices and upholding comprehensive environmental, social, and governance standards. The company’s goal is to enable customers to “See the Difference”. Learn more at www.viewsonic.com.

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SOURCE ViewSonic

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Call for Entries Issued for 12th Annual Asia-Pacific Stevie® Awards

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New Awards Categories for Innovation of Individual Professionals

FAIRFAX, Va., Dec. 20, 2024 /PRNewswire/ — The Stevie® Awards are now accepting nominations for the 2025 (12th annual) Asia-Pacific Stevie® Awards, the only business awards program to recognize innovation in business throughout the entire Asia-Pacific region.

The entry deadline is January 17, 2025, but late entries will be accepted through February 19 with the payment of a late fee. Entry details are available at https://www.asia.stevieawards.com/.

The Asia-Pacific Stevie Awards are open to all organizations in the 29 markets of the Asia-Pacific region: large and small, for-profit and non-profit, public and private.

The awards focus on recognizing innovation in all its forms, wherever it is achieved in the workplace. Entries will be accepted in English in the following awards category groups:

AchievementCompany/Organization AwardsCorporate Communications & Public Relations AwardsCustomer Service AwardsHuman Resources AwardsIndividual Professional AwardsManagement AwardsMarketing AwardsNew Product & Product Management AwardsPublications AwardsSocial Media AwardsTechnology AwardsThought Leadership AwardsVideo AwardsWebsite Awards and App Awards…and more

There are many new Individual Professional award categories for 2025 including:

X05. Most Innovative Finance Executive of the Year

X09. Most Innovative Operations Manager of the Year

X10. Most Innovative Product Manager of the Year

X11. Most Innovative Sales Executive of the Year

X12. Most Innovative Sustainability Leader of the Year

X14. Most Innovative Technology Leader of the Year

Asia-Pacific Stevie Award winners will be notified on April 2. Winners will be celebrated and presented their awards during an awards banquet in Seoul, South Korea, date to be confirmed.

Juries featuring more than 150 professionals throughout the region will participate in the judging process to determine the Gold, Silver, and Bronze Stevie Award winners.

Stevie Award winners in the 2024 Asia-Pacific Stevie Awards included Allianz Services, Alorica Philippines, Inc., Ambiq, Ayala Malls Market! Market!, Beijing apm, CleverTap, Farmbot Monitoring Solutions, Foundever Philippines Corporation, Globe Telecom Inc., HGC Global Communications, Hindustan Unilever Ltd, Hugo Alexander Property Group, IBM Singapore, Infovision Labs India Pvt Ltd, IntouchCX, Iscariot Media PTY LTD, Metro Pacific Water, Newport World Resorts (Travellers International Hotel Group, Inc.), PLDT and Smart, Pru Life UK, PT Pertamina (Persero), Shell companies in the Philippines, Shell Shared Services Asia BV (Shell Business Operations Manila), and Swire Coca-Cola HK, Watsons.

The Stevie Award is among the world’s most coveted prizes. The name Stevie is taken from the name Stephen, which is derived from the Greek for “crowned.”

About the Stevie Awards

Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

PR Newswire is the Official News Release Distribution Partner of 2025 Asia-Pacific Stevie Awards.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/call-for-entries-issued-for-12th-annual-asia-pacific-stevie-awards-302336581.html

SOURCE Stevie Awards Inc.

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FuriosaAI Ends 2024 on a High Note: Llama 3.1 Performance, SDK Release, Leadership Expansion

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SANTA CLARA, Calif., Dec. 19, 2024 /PRNewswire/ — FuriosaAI, an emerging leader in AI semiconductor solutions, is closing out the year with rapid technical and customer progress with its second-generation chip, RNGD (pronounced ‘Renegade’). The recently announced AI solution has achieved compelling performance metrics in real-world enterprise deployments meeting the demand for inference with advanced large language and multimodal models.

The new performance benchmarks showcase RNGD’s ability to meet industry-leading throughput demands for Llama 3.1 models, including the 8B and 70B variants, with additional optimizations already in progress. The company also announced key software features that bring advanced optimization for customers currently sampling RNGD hardware in their production environments. These achievements represent the first phase of Furiosa’s vision for AI infrastructure that overcomes the inherent limitations of GPUs.

RNGD delivers winning throughput metrics with Llama 3.1 8B and 70B:

Building on the AI-native Tensor Contraction Processor (TCP) architecture of RNGD, Furiosa is redefining real-world AI deployments, delivering unmatched performance, programmability, and power efficiency. Furiosa’s RNGD recently achieved a throughput of 3,200–3,300 Tokens per Second (TPS) when running the LLaMA 3.1-8B model. In single-user scenarios, RNGD consistently delivers 40–60 TPS performance.

Additionally, RNGD demonstrates exceptional power efficiency, consuming 181W per card, with further optimization efforts underway. Rather than excessively boosting per-user performance, the company aims to maintain performance levels exceeding typical text-reading speeds (10–20 TPS or higher) while optimizing for multi-user environments and achieving a balanced performance approach.

Furiosa is advancing the performance and efficiency of the LLaMA 3.1-70B model. With just two RNGD cards, LLaMA 3.1-70B can be executed effectively. Currently, a single server supports up to 100 concurrent user queries, with ongoing optimizations aiming to achieve 8,000 TPS per server when equipped with 8 RNGD cards.

With the release of SDK v2024.3.0, Furiosa will expand the range of preloaded models. The SDK will also include support for tensor parallelism, enabling seamless processing across multiple elements without requiring model modifications, and a torch.compile, providing the foundation for executing customized models. Integration with HuggingFace Optimum will further empower customers to leverage a broader variety of models.

Advanced optimization tools delivered to early RNGD customers:

Building on these milestones, domestic and global enterprise customers are conducting tests with Furiosa to find a more efficient solution for scaling the inference of their self-developed models, compared to their existing setup. Their objective is to manage TCO effectively as they prepare for large-scale AI adoption. Furiosa plans to provide a high-quality AI development environment through a powerful and user-friendly SDK optimized for RNGD. The SDK v2024.1.0, currently available through the Early Access Program (EAP), is designed to handle high-performance processing of multiple LLM serving requests. It incorporates optimization techniques such as PagedAttention, Block KV Cache, and Continuous Batching, while also supporting various token sampling methods, including Greedy, Beam Search, and Top-k/p. These features allow developers to seamlessly create AI services customized to meet a wide range of requirements. The SDK and online sample will be available after the release of v2024.3.0.

Furiosa remains committed to delivering the most sustainable AI deployment solutions through rigorous optimization at an unprecedented pace.

“With RNGD now in customers’ hands, we are accelerating the next generation of frontier LLMs to unlock emerging Agentic AI applications—bringing advanced reasoning capabilities to enterprise verticals, all at dramatically lower costs,” said June Paik, Co-Founder and CEO of FuriosaAI.

Furiosa Expands Global Footprint with Strategic Leadership Appointment

Furiosa is scaling production and expanding its leadership team with the appointment of Alex Liu as Senior Vice President of Product and Business. A Technology Emmy Award winner and co-founder of NETINT Technologies, Alex brings over 20 years of expertise in startup management, technology innovation, and strategic leadership. At NETINT, he spearheaded groundbreaking achievements, including the development of the world’s first VPU SoC, setting new industry benchmarks and securing the prestigious 2024 Technology Emmy Award. At Furiosa, Alex will lead global product management, go-to-market strategies, and partnerships to drive innovation and align the company’s AI-native technologies with a vision to empower the development of planet-scale AI infrastructure.

RNGD is currently sampling with customers, and mass production will ramp up in partnership with TSMC for 2025 availability. To learn more about Furiosa, please visit https://furiosa.ai/.

About FuriosaAI

FuriosaAI is a semiconductor company dedicated to creating sustainable AI computing solutions that make powerful AI accessible to all. With its innovative Tensor Contraction Processor architecture, FuriosaAI is revolutionizing the AI hardware landscape, offering unparalleled efficiency and programmability for the most demanding AI workloads. For more information, please visit https://furiosa.ai/.

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SOURCE FuriosaAI

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