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EliTe Solar Breaks Ground on 5GW Solar Manufacturing Hub in Egypt to Advance Regional Energy Goals

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SUEZ, Egypt, Dec. 20, 2024 /PRNewswire/ — On December 16, 2024, EliTe Solar, a leading solar PV manufacturer headquartered in Singapore, held a groundbreaking ceremony for its new project in the Egypt TEDA Suez Economic and Trade Cooperation Zone, marking a major milestone in the company’s global strategic expansion. The facility has a planned capacity goal of 5GW, spanning an area of 78,000 square meters. The project is scheduled to begin production in September 2025, featuring 2GW solar cell and 3GW solar module production lines.

At the ceremony, distinguished guests, including Mr. Waleid Gamal Eldien, Chairman of the Suez Canal Economic Zone, Arab Republic of Egypt; Mr. Ouyang Xiaoming, First Secretary of the Chinese Embassy in Egypt; Mr. Li Daixin, Chairman of China-Africa TEDA Investment Co., Ltd.; and Mr. Liu Jingqi, Chairman of EliTe Solar, gathered to engage insights and discuss the future development prospects of the project.

“The launch of this project represents a major milestone in the development of Egypt’s solar industry,” stated Mr. Waleid Gamal Eldien, Chairman of the Egypt Special Economic Zone Authority. “By introducing advanced solar manufacturing technologies and optimizing local supply chains, this initiative will raise Egypt’s overall manufacturing standards. EliTe Solar’s advanced solar technology and managerial expertise will further enhance our global standing in solar power industry.”

This project brings advanced energy manufacturing technologies to Egypt, driving the local solar industry supply chain and boosting Egypt’s export capabilities and global influence in the solar market. It provides fresh momentum to the local economy and acts as a key driver in supporting Egypt’s 2030 renewable energy goal of achieving 42% clean energy transformation.

“This project not only strengthens Egypt’s solar industry but also positions the country as a key solar manufacturing hub in the Middle East and North Africa (MENA). It enhances supply chain capabilities while providing crucial support for global renewable energy growth,” said Li Daixin, Chairman of China-Africa TEDA Investment Co., Ltd.

Considering the recent power shortages and blackouts experienced across Egypt this year, which highlight strong future demands for electricity, there is an urgent need for a diversified energy architecture to ensure energy independence. This project perfectly addresses these needs by delivering sustainable solutions through renewable energy resources. Once completed, the project will generate 500 million kWh annually, save approximately 307 million tons of standard coal, and offset carbon emissions equivalent to planting 84 million trees.

Liu Jingqi, Chairman of EliTe Solar stated, “The launch of the Egypt project not only demonstrates our expertise in technological innovation and industry integration but also underscores EliTe Solar’s mission to lead global renewable energy development. Together with our partners, we are building a greener future and setting new benchmarks for the global energy transition.”

Since its inception, EliTe Solar has established several manufacturing hubs in countries including Vietnam, Indonesia, and Egypt, thus solidifying its international industrial presence.  Moving forward, EliTe Solar will continue driving energy transformation through high-quality technology exports, further contributing to global sustainable development.

About EliTe Solar

Founded in 2005, EliTe Solar is committed to becoming a leading global supplier of photovoltaic systems by enhancing customer service, driving customer success, and boosting profitability. EliTe Solar has a proven track record of delivering over 10GW of solar modules globally. We provide intelligent solar solutions for utilities, commercial and industrial clients, and residential customers worldwide. Our approach centers on optimizing the Levelized Cost of Energy (LCOE) to maximize value while minimizing risk, empowering our customers to gain a competitive edge in the global market. With a strong brand presence and large-scale manufacturing capabilities, EliTe Solar has built a fully integrated business model-from silicon wafers and cells to modules-advancing vertical integration in the photovoltaic industry. Discover more about our offerings at www.elite-solar.com.

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SOURCE EliTe Solar

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Samsung Press Conference at CES 2025 ‘AI for All: Everyday, Everywhere’

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KUALA LUMPUR, Malaysia, Dec. 21, 2024 /PRNewswire/ — Samsung Electronics will hold a press conference on January 6, a day before exhibitions open for CES 2025 in Las Vegas, NV.

The event is scheduled to begin at 6:00 a.m. MYT (Malaysia Time) (5:00 p.m. EST) at the Mandalay Bay Ballroom, South Convention Center, Mandalay Bay Hotel. Jong-Hee (JH) Han, Vice Chairman, CEO and Head of Samsung’s DX (Device eXperience) Division, will open the press conference, introducing the theme of ‘AI for All: Everyday, Everywhere.’

The press conference will be streamed live on Samsung Newsroom. Until then, stay tuned to Samsung Newsroom for more updates on the company’s plans for CES 2025.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings ecosystem and open collaboration with partners. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

“SAMSUNG MALAYSIA ELECTRONICS (SME) SDN BHD [Company No. 200301026766(629186-D)]”.

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SOURCE Samsung Electronics

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ZeroThreat, a Rising AppSec Innovator, to Showcase AI-Powered Security at Gujarat’s Largest Tech Expo

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Enabling complete web and API security with AI-powered real-time vulnerability scanning, actionable insights, automated pentesting, remediation, and continuous security testing for modern applications.

AHMEDABAD, India, Dec. 20, 2024 /PRNewswire-PRWeb/ — ZeroThreat, an AI-powered Web Application and API security startup, is all set to make its mark at Gujarat’s largest Tech Expo, happening in Ahmedabad on December 20-21, 2024 Booth #G3. As a standout name in AppSec innovation, ZeroThreat is redefining how software teams build secure applications and APIs.

With its cutting-edge AI-driven platform, ZeroThreat offers unparalleled ease of use, requiring zero configurations and delivering point-and-click simplicity. Teams can detect vulnerabilities 5x faster with real-time scanning, automate pentesting, and produce compliance-ready products—ensuring proactive protection against modern threats.

In today’s fast-paced world, where software and B2B SaaS companies face relentless pressure to deliver rapid updates, ZeroThreat emerges as the ultimate solution to tackle critical security challenges. Tech Expo visitors will have the exclusive opportunity to witness its capabilities live, from real-time vulnerability detection to seamless API discovery at booth #G3.

Tech Expo Gujarat 2024, scheduled for December 20-21, 2024, at Ahmedabad, Gujarat, will bring together over 5000+ attendees, 20+ speakers, 125+ exhibitors, and 50+ sponsors. This one of the largest technology events serves as a premier platform to explore cutting-edge technological advancements and foster collaboration among industry leaders, decision-makers, and innovators.

ZeroThreat – Web Application and API Scanning Platform Highlights

Sensitive Data Exposure & Data Leak DetectionDetect Session Hijacking, Broken Access, XSS & SQL InjectionsAI-Guided Detection & RemediationRapid Port and Configuration ScanningOptimized for Modern Apps & SPA FrameworksFully Automated Authorization Checks

Designed for modern AppSec, ZeroThreat shortens vulnerability detection and resolution from days to hours, empowering businesses to launch secure products on time. As a standout DAST platform, it tackles complex configurations and eliminates the need for expert pentester, solving key challenges for software companies.

Key Benefits for Software Teams and Companies

ZeroThreat comes with several benefits for software companies and engineers that enhance security, productivity, and cost efficiency.

Point-and-Click Scan: Flawlessly scan your web apps without complex configurations and technical expertise required.Faster Vulnerability Detection: Detect 40,000+ vulnerabilities 5x faster than traditional methods, helping software teams to address issues quickly.Near-Zero False Positives: Minimize false positives to reduce alert fatigue with 98.9% accuracy.AI-Powered Remediation Reports: Get personalized code examples and actionable insights to fix vulnerabilities faster.CI/CD Integration: Integrate security seamlessly into your development process with CI/CD integration, ensuring minimal workflow disruption.Automated Compliance Check: Ensure adherence to security standards and regulations like GDPR, SOC2, PCI-DSS, OWASP, CWE/SANS and HIPAA, streamlining the compliance process.Location-based Data Storage and Scan: Choose a preferred global scanning location and store data in compliance with regional regulations.

A Commitment to APPSec Innovation

Empowering software teams with robust AppSec solutions is at the core of our mission,” said Dharmesh Acharya, Co-Founder of ZeroThreat.” At Gujarat’s largest tech expo, we’re excited to showcase how ZeroThreat helps businesses build secure applications easily, integrating security into workflows without compromising speed or efficiency.

About ZeroThreat

ZeroThreat is an AI-driven vulnerability scanning and pentesting platform providing comprehensive security solutions for web applications and APIs. It scans all types of web apps, including modern Single-Page Applications, JavaScript-heavy ones and APIs (Private, Public) to minimize external attacks and false positives by 90% manual pentesting. ZeroThreat empowers software teams and companies with robust security capabilities, ensuring the integrity and confidentiality of their applications and data.

Media Contact

Dharmesh Acharya, ZeroThreat, 91 9081579038, marketing@zerothreat.ai, https://zerothreat.ai/

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SOURCE ZeroThreat

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EXRO PROVIDES UPDATE ON SEMI-ANNUAL INTEREST PAYMENTS ON OUTSTANDING CONVERTIBLE DEBENTURES

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CALGARY, AB, Dec. 20, 2024 /PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that provides new-generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to provide an update on the settlement of interest payments through the issuance of common shares.

Pursuant to the terms of the C$15,000,000 secured convertible debentures of the Company issued on December 30, 2022 (the “Debentures”), bearing interest at 12% per annum, payable semi-annually in arrears beginning on June 30, 2023 (the “Due Date”). As of December 20, 2024 the Company has 14,950 debenture units outstanding, and an aggregate amount of interest owing on the Debentures payable of C$897,000 (the “Interest”). The Company has elected to issue 6,407,141 common shares in the capital of the Company (“Common Shares”) at a deemed price of $0.14 to the debenture holders as payment for the interest. Pursuant to the Debentures, the deemed issue price per Common Share is calculated based on the volume weighted average trading price of the Common Shares for the five trading days immediately prior to December 20, 2024.

The issuance of the Common Shares as payment for interest owing on the Debentures is subject to the terms and conditions of the Debentures as well as the receipt of all requisite approvals, including, without limitation, the approval of the Toronto Stock Exchange.

About Exro Technologies Inc.

Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results.

For more information, please visit www.exro.com.

To view our Investor Presentation, visit us at www.exro.com/investors.

Follow us on social media @Exrotech.

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SOURCE Exro Technologies Inc.

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