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Baylin Technologies Completes Sale of Mobile and Network Business Unit

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TORONTO, Dec. 31, 2024 /CNW/ – Baylin Technologies Inc. (the “Company”) is pleased to announce that it has completed the sale of its Mobile and Network business unit, comprised of Galtronics Korea Co., Ltd. (“GTK”) and Galtronics Vietnam Co., Ltd. (“GTV”), to a strategic acquiror from Korea. The Company has now completed the sale of GTV, following receipt of Vietnamese regulatory approvals. The sale of GTK was completed in July 2024. The Mobile and Network business unit designs and manufactures antennas for use in wireless communications products, principally for use in mobile phones.

Leighton Carroll, Chief Executive Officer of the Company, commented: The sale will allow the Company to focus on its remaining core businesses – Embedded Antenna and Wireless Infrastructure under the Galtronics name and Satellite Communications under the Advantech name.

The Company also announces the appointment of Clifford Gary as its new Chief Financial Officer. Mr. Gary replaces Dan Nohdomi, the former Chief Financial Officer, who is leaving the Company to pursue other opportunities. Mr. Gary is currently the Vice President Finance of the Company. His appointment is effective January 1, 2025.

“It has been a great pleasure working with Dan. He has been a key member of the management team and will be missed. Cliff has been in his current position for several years, and his promotion reflects the confidence the board of directors has in his ability to take on this new and more challenging role”, said Mr. Carroll.

About Baylin

Baylin is a leading diversified global technology company. The Company focuses on the research, design, development, manufacture and sale of passive and active radio-frequency products and satellite communications products and the provision of supporting services. We strive to meet our customers’ needs and anticipate the direction of the market.

Forward Looking Statements

This press release includes forward-looking information and forward-looking statements (together, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are not statements of historical fact. Rather, they are disclosure regarding conditions, developments, events or financial performance that we expect or anticipate may or will occur in the future, including, among other things, information or statements concerning our objectives and strategies to achieve those objectives, statements with respect to management’s beliefs, estimates, intentions and plans, and statements concerning anticipated future circumstances, events, expectations, operations, performance or results. Forward-looking statements can be identified generally by the use of forward looking terminology, such as “anticipate”, “believe”, “could” “should”, “would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”, “likely, “may”, “outlook”, “plan”, “potential”, “project”, “seek”, “target”, “trend” or “will”, or the negative or other variations of these words or other comparable words or phrases, and are intended to identify forward-looking  statements, although not all forward-looking statements contain these words.

The forward-looking statements in this press release include statements concerning the Company’s focus on its remaining core businesses. Forward-looking statements are based on certain assumptions and estimates made by us in light of the experience and perception of historical trends, current conditions, expected future developments, including projected growth and sales in passive and active radio frequency and terrestrial microwave products and services, and other factors we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such assumptions and estimates will prove to be correct.

Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including the risk factors discussed in the Company’s most recent Annual Information Form, which is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. All the forward-looking statements in this press release are qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update these forward-looking statements.

SOURCE Baylin Technologies Inc.

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Interest-Driven Consumption Sparks ¥ 500B ACG Goods Market, MINISO Rides the Wave

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GUANGZHOU, China, Jan. 3, 2025 /PRNewswire/ — MINISO, a global lifestyle brand, recently announced its partnership with “Black Myth: Wukong”, winner of the “Best Action Game” and “Players’ Voice” awards at TGA 2024. The collaboration will explore innovative approaches to IP partnerships, and deliver exciting new experiences for the “Destined Ones” and fans of both brands.

This partnership highlights MINISO’s strategic focus on the booming ACG goods economy, which has emerged as a significant trend both in China and globally. With numerous companies stepping into the IP(or intellectual property) field, the ACG peripheral industry is experiencing rapid growth. As of November 2024, there were more than 64,000 enterprises related to the ACG Goods Economy, with over 10,000 enterprises newly established within the year.

Amid this flourishing market, MINISO has emerged as a dark horse, capturing the attention of consumers with its diverse product offerings and driving the growth of this dynamic sector. During the third quarter of 2024, 300 MINISO stores with additional ACG goods zones were built compared to the previous quarter, driving a remarkable 50% increase in ACG goods sales performance. In the future, MINISO will continue to deepen its IP strategy, collaborate with more top IPs and popular games favored by consumers, and plan to develop MINISO’s own IP products to satisfy increasingly diversified needs.

The ACG goods refer to the products related to ACG culture, which includes items such as plush toys, clothing and other collectibles based on characters. According to the Baker Institute, China’s animation industry generated domestic revenue of 9.82 billion RMB in 2021. Meanwhile, CITIC Securities projects that the country’s anime merchandise market will surpass 500 billion RMB (US$68.9 billion) in the near future.

This impressive growth is driven by two key factors: the rise of Generation Z as the dominant consumer group and the increasing focus on interest-driven consumption. The ACG goods offer emotional value and a sense of attachment, resonating deeply with consumers’ personal interests and passions.

In this trend, high-quality IP has become the core element supporting the development of the ACG goods economy, offering robust content support that drives the market and stimulates consumption potential.

As the world’s leading IP design retail group, MINISO has partnered with over 150 renowned IPs, driving the sale of more than 800 million ACG goods products globally. Among these, the Chiikawa series was a great success, with the MINISO and Chiikawa pop-up event instantly generating over 1 million online views. Similarly, the launch of the Identity V series at Shanghai MINISO Land sparked a frenzy among fans, with store staff struggling to replenish inventory in order to keep up with the sales. During this year’s Halloween, the Identity V products achieved an impressive 93% sold-out rate. These phenomena highlight the strong influence of MINISO in the field of ACG goods.

MINISO’s success in tapping into the ACG goods economy extends beyond China. The newly launched “One Piece” series at the store in Jakarta, Indonesia proved to be a huge draw for fans, achieving an impressive 95% sold-out rate within just two days. Among the series, the “One Piece” blind box became the store’s best-seller. This remarkable performance showed the potential of the ACG Goods Economy in international markets, demonstrating its growing appeal worldwide.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/interest-driven-consumption-sparks–500b-acg-goods-market-miniso-rides-the-wave-302341803.html

SOURCE MINISO

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Hinen to Showcase Advanced Energy Storage Solutions at Solar Energy Expo 2025

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WARSAW, Poland, Jan. 3, 2025 /PRNewswire/ — From January 14-16, 2025. Solar Energy Expo 2025 will be held at PTAK International Exhibition Centre in Warsaw. This premier event, organized by PTAK Warsaw Expo, is a hub for renewable energy innovation in Central and Eastern Europe, showcasing the latest in solar technology. At that time, Hinen Poland will jointly participate in the expo with Alians OZE, a leading provider of renewable energy solutions in Poland. Leveraging Hinen’s technological advantages and Alians’ professional services, they will offer comprehensive, reliable, and efficient energy storage solutions to customers at booth E3.11.

Overview of Poland’s Renewable Energy Market

The Polish government is actively promoting an energy transition, prioritizing renewable energy as a key area of national development. In recent years, with the launch of the sixth phase of the “My Electricity” (Mój Prąd) rebate program, subsidies totaling 400 million PLN have been provided for household photovoltaic (PV), battery storage, and hot water storage systems. According to new policies, installations after July 31, 2024, must include a storage system or hot water storage system to qualify for funding. This demonstrates the Polish government’s commitment to promoting the use of clean energy and supporting it with substantial incentives.

Supporting Energy Transition: Hinen A Series AC5S

As the country strides towards a sustainable future, Hinen is proud to introduce the Hinen A Series AC5S, a 5kW AC-coupled single-phase all-in-one residential energy storage system combines a solar inverter, battery inverter, energy storage battery, on/off-grid automatic switching unit, uninterruptible power supply (UPS), and an advanced management system, offering users a safe and worry-free energy solution. Designed specifically for upgrading existing PV systems, this product is compatible with inverters from any brand and features the following characteristics:

Efficient Energy Storage: Real-time management of energy flow; excess energy generated during peak sunlight hours is stored in batteries and used during high-demand periods, optimizing energy utilization efficiency.Grid Forming Functionality: Ensures the entire solar system, including PV inverters, continues to operate normally even during grid outages, ensuring power supply stability.Ultra-fast Switching: In the event of a power outage, it can switch to off-grid mode within 10 milliseconds, ensuring continuous power supply to residential or commercial loads.Dual CT Design: Real-time monitoring of PV inverter output power for precise anti-backflow control, enhancing system safety and efficiency.Smart Monitoring: A dedicated APP allows users to monitor system operation status in real-time, access data, and manage remotely, making operations convenient.Easy Installation: Simple installation, flexible expansion, and wiring that does not interfere with existing PV lines, reducing initial investment costs and suitable for various retrofit needs.Wide Compatibility: Equipped with lithium iron phosphate cells, supports single or multi-cluster parallel expansion, up to six inverters connected in parallel, with a total output power of up to 30kW, suitable for home storage and small-scale industrial and commercial renovation projects.Modular Flexibility: Each cluster can connect 1-3 battery modules, with up to six clusters in parallel.Extreme Temperature Adaptability: Operating temperature range from -20°C to 60°C, ensuring reliability in extreme weather conditions.Top-tier Safety: Five-layer protection mechanisms, including comprehensive temperature detection, BMS intelligent control, built-in DC circuit breaker, internal aerosol fire extinguisher, and decompression valve.

Building a Greener Future Together

Hinen invites all professionals who care about the development of clean energy to visit booth E3.11. We look forward to discussing how to build a more sustainable future together. We aim to collaborate with you to drive the green energy revolution in Poland and beyond.

About Hinen

Hinen Group, listed since 2004 with stock code 300787, is recognized for its robust product capacity and technological prowess. Its subsidiary, Hinen New Energy, is devoted to crafting residential energy storage systems, boasting integrated inverter and battery R&D. With a dedication to promoting energy independence globally, Hinen has expanded its reach with branches worldwide, offering localized, expert services.

Photo – https://mma.prnewswire.com/media/2590053/Hinen_showcase_Hinen_A_Series_RESS_Solar_Energy_Expo_2025.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/hinen-to-showcase-advanced-energy-storage-solutions-at-solar-energy-expo-2025-302341807.html

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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ez1099 Accommodates the New Regulation of 10 or More Returns Requiring Efiling by IRS

REDMOND, Wash., Jan. 3, 2025 /PRNewswire/ — Business owners and tax professionals get a jump on the 2025 tax season when utilizing the newest 2024 version of ez1099 softwareHalfpricesoft.com has updated the latest version of the 1099 preparing software to seamlessly efile unlimited forms, in-house. See instructions on efiling.

 

“Tax professionals and accountants get an easy to navigate feature to efile unlimited 1099 forms, in-house with the just released 2024 ez1099.” Dr. Ge, Founder of Halfpricesoft.com says.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. We also offer a network version for two installations at $199 to enable sharing data between computers or offices.

ez1099 software also assists in compiling, printing and e-filing these other IRS forms: W2G, 1099-OID, 1097BTC, 1098s (1098, 1098C, 1098E, 1098 T), 1099s (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099H, 1099INT, 1099LTC, 1099MISC, 1099OID, 1099PATR, 1099Q, 1099R, 1099S, 1099SA), 5498s (5498, 5498ESA, 5498SA), 8935, 3921, 3922, 1096 1098-F form, and 1099 NEC.

ez1099 is compatible with Windows 11, 10, and 8. It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processing

– Quick data importing feature

Customers can save even more time by compiling and saving form data for later use and modification

– Support unlimited accounts and unlimited recipients at no additional charge

Go green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $ 79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

Halfpricesoft.com is a leading provider of small business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, Accounting software, 1095 form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers and will help small business owners simplify payroll processing and streamline business management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ez1099-2024-edition-tax-preparation-software-for-2025-tax-season-is-available-for-electronic-filing-302338429.html

SOURCE Halfpricesoft.com

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