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Autoliv Retires Repurchased Shares and Treasury Shares, Decreases Number of Issued Shares

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STOCKHOLM, Dec. 31, 2024 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that as of December 31, 2024, the total number of issued shares of common stock is 80,443,340 of which 77,712,479 shares are outstanding.

Autoliv retired 1,043,953 shares of common stock that had been repurchased during the quarter which resulted in a decrease in the issued shares. Autoliv also retired 2,000,000 shares of common stock that had been held in treasury unrelated to the repurchases in the quarter.

The Company now has a total of 80,443,340 issued shares of common stock of which 77,712,479 shares are outstanding. Each share of outstanding common stock is entitled to one vote. After the retirement of the repurchased shares and other treasury shares, Autoliv holds 2,730,861 shares of common stock in treasury which have no voting rights or rights to participate in distributions under Delaware law.

This information is of such character that Autoliv, Inc. is obliged to disclose in accordance with the Swedish Financial Instruments Trading Act (Sw. lagen (1991:980) om handel med finansiella instrument). The information was distributed for disclosure, through the agency of the contact persons set out below, on December 31, 2024, 08:00 CET.

Inquiries:  
Media: media@autoliv.com 
Gabriella Etemad, Tel +46 (0)8 58 720 602 or Emelie Ericson +46 (0)8 58 720 635
Investors & Analysts: ir@autoliv.com 
Anders Trapp, Tel +46 (0)8 587 206 71 or Henrik Kaar, Tel +46 (0)8 587 206 14

About Autoliv
Autoliv, Inc. (NYSE: ALV) (NASDAQ Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2023, our products saved  35,000 lives and reduced more than 450,000 injuries. 
Our 70,000 associates in 25 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2023 amounted to $10.5 billion. For more information go to www.autoliv.com.

This information was brought to you by Cision http://news.cision.com

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ZWO Unveils Seestar S30: The Next Frontier in Accessible Astrophotography at CES 2025

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SUZHOU, China, Jan. 3, 2025 /PRNewswire/ — ZWO, a leader in astrophotography and imaging solutions, is redefining the stargazing experience with the launch of the Seestar S30 at CES 2025. Compact, portable, and packed with innovative features, the Seestar S30 is designed to make astrophotography accessible to beginners and enthusiasts alike.

Revolutionizing Astrophotography

The Seestar S30 seamlessly combines advanced optics with cutting-edge software, empowering users of all skill levels to capture stunning celestial images. Whether photographing the Sun, deep-sky objects, or planetary details, the Seestar S30 transforms nights under the stars into extraordinary cosmic journeys with just a few taps on your smartphone. 

Smart and User-Friendly Design

The Seestar app offers an intuitive interface with intelligent imaging tools that simplify the astrophotography process.

Streamlined Features: Auto-alignment, image stacking, time-lapse, video mode, AI-driven noise reduction, and mosaic mode eliminate the learning curve typically associated with astrophotography.Effortless Sharing: One-tap image creation with advanced noise reduction ensures clear, vibrant results, even in light-polluted settings. Users can instantly share their captures with friends, family, or a growing community of enthusiasts and citizen scientists.

Cutting-Edge Imaging Technology

The Seestar S30 features a dual-lens system with telephoto and wide-angle lenses, enabling seamless transitions between detailed close-ups and expansive views. Equipped with a starlight-grade Sony sensor and multiple filters, the telescope excels in low-light conditions, ensuring breathtaking clarity whether in urban or remote locations.

A Telescope for Everyone

The Seestar S30 is the perfect blend of portability, performance, and user-friendliness, making it ideal for family outings, educational experiences, and personal exploration. With its easy setup and advanced features, ZWO continues to democratize astrophotography, inspiring a new generation to explore the wonders of the universe.

Pricing and Availability

The Seestar S30 is now available for order at a recommended retail price of $349 USD.

About ZWO

Based in Suzhou, China, ZWO is a pioneering manufacturer of astrophotography equipment, offering a wide range of award-winning cameras, mounts, telescopes, and accessories. Trusted by amateur and professional astronomers alike, ZWO products are found in observatories, research institutions, and homes worldwide. The Seestar series exemplifies ZWO’s commitment to innovation, opening the door for newcomers to explore the night sky with ease and excitement.

For more information, visit www.zwoastro.com and follow us on Facebook @zwoasto for updates and community highlights.

 

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SOURCE ZWO Co. Ltd

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Deng Guoxue, the bright messenger of the “Belt and Road”: light up international projects with the light of technology

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SHIZUISHAN, China, Jan. 3, 2025 /PRNewswire/ — In the grand blueprint of the “Belt and Road”, many outstanding contributors have emerged, and Deng Guoxue of the Metrology Institute of State Grid Shizuishan Power Supply Company is one of the leaders. As a deep cultivator in the field of electric energy metering, Deng Guoxue has always adhered to the style of “serious study and solid work” in the past 15 years, and has gradually grown from an ordinary skilled worker to an expert in this field.

Since joining the company in 2008, Deng Guoxue has formed an indissoluble bond with electric energy meters. With his persistent pursuit of technology and unremitting efforts, he was awarded the honor of expert talent of Ningxia Electric Power Company in 2022 and was selected by the State Grid Corporation of China to participate in the construction of the Saudi smart meter project. In Saudi Arabia, in the face of complex and changeable situations and severe challenges, Deng Guoxue and his team rose to the challenge, not only completed the installation task efficiently, but also established an efficient work system, improved the efficiency of operation and maintenance, and won high praise.

In May 2023, Deng Guoxue was transferred to Indonesia to participate in the construction of Indonesia’s advanced smart metering architecture project. The Chinese team has won wide recognition with “Chinese standard”, “Chinese speed” and “Chinese quality”. As a member of the Communist Party, Deng Guoxue took the lead in setting an example in his work and took the initiative to undertake dangerous tasks, which provided a solid guarantee for the smooth implementation of the project.

Deng Guoxue lit up the international project with the light of technology, demonstrated the responsibility of China Power People, and contributed an important force to the promotion of the “Belt and Road” initiative.

View original content:https://www.prnewswire.com/apac/news-releases/deng-guoxue-the-bright-messenger-of-the-belt-and-road-light-up-international-projects-with-the-light-of-technology-302341710.html

SOURCE State Grid Shizuishan Power Supply Company

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PacificLight Power Awarded Right to Build New Hydrogen-Ready Combined Cycle Gas Turbine Plant

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SINGAPORE, Jan. 3, 2025 /PRNewswire/ — PacificLight Power Pte Ltd (PLP) is delighted to announce that it has been awarded the right to build, own, and operate a hydrogen-ready Combined Cycle Gas Turbine (CCGT) facility on Jurong Island by the Energy Market Authority (EMA). Scheduled to commence operations in January 2029, this will be the largest single, and most efficient, state-of-the-art H-class, CCGT in Singapore, with capacity of at least 600MW. The new plant will play a critical role in strengthening Singapore’s energy security, enhancing grid stability and advancing the nation’s transition towards a low-carbon future.

The new plant will be in addition to PLP’s existing 830MW CCGT facility, that has been operating since 2014, and 100MW of Fast Start capacity, that is currently under construction and due to commence operations in Q2 2025. The plant, to be built on a greenfield site, will include a large-scale Battery Energy Storage System (BESS), fashioning the first CCGT unit integrated with BESS in Singapore. This underscores PLP’s commitment to adopting cutting-edge solutions that enhance system stability while reducing operational costs and environmental impact.

The plant will be capable of using at least 30% hydrogen at inception and will have the ability to burn 100% hydrogen in the future. The greenfield site on Jurong Island is sufficiently sized to accommodate a second CCGT unit as well as potential for future integration of Carbon Capture, Utilisation, and Storage (CCUS) technology, reinforcing PLP’s dedication to long-term decarbonisation strategies.

Commenting on the project, Mr. Yu Tat Ming, CEO of PacificLight Power, said: “We are honoured that EMA has selected PacificLight to deliver two critical projects: the 100MW Fast Start Project in April 2024 and now the right to develop a new power plant. By integrating hydrogen-ready and battery storage technologies, the new facility will position PacificLight to transition to a low-carbon future.  We are committed to delivering the new plant safely and on schedule”.

About PacificLight

PacificLight is a Singapore-based power generation and electricity retail company that has been operating since 2014 and generates close to 10% of Singapore’s annual electricity demand. The company’s power generation facility at Jurong Island is one of the most efficient and reliable combined cycle power plants operating in Singapore. The 830MW plant comprises of two blocks of natural gas fired, Combined Cycle Gas Turbine (“CCGT”) generating units. PacificLight is currently constructing a 100MW Fast Start unit that is scheduled to commence operations in Q2 2025

PacificLight is owned by shareholders under First Pacific Group (www.firstpacific.com/) and Meralco PowerGen Corporation  (www.meralcopowergen.com.ph/).

Through its Sustainergy program, PacificLight actively supports its business customers to decarbonise through the installation of smart energy solutions and solar infrastructure.

As part of PacificLight’s drive to embrace a low-carbon future, the company is also developing a 600MW solar import project in a consortium with Medco Power Global Pte Ltd and Gallant Venture Ltd. from Bulan Island, Indonesia to Singapore.

View original content:https://www.prnewswire.com/apac/news-releases/pacificlight-power-awarded-right-to-build-new-hydrogen-ready-combined-cycle-gas-turbine-plant-302341712.html

SOURCE PacificLight Power Pte Ltd

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