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HKU and Getech Launch Industrial AI Joint Laboratory to Advance AI Innovation Through Industry-Academia Collaboration

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HONG KONG, April 18, 2025 /PRNewswire/ — The University of Hong Kong (HKU) and Getech Technology, a leading industrial AI solutions provider under TCL Industries, signed an agreement on April 16, 2025, to establish the HKU-Getech Industrial AI Joint Laboratory. Under the agreement, Getech will invest tens of millions of Hong Kong Dollars over the next five years to fund the lab’s operations, focusing on industrial AI innovation and real-world applications. As part of the collaboration, HKU’s Vice-President (Research) Professor Zuo-Jun (Max) Shen has been appointed as Getech’s Honorary Chief Scientist and will provide strategic R&D guidance and advice. The signing ceremony, held at the HKU campus, was attended by HKU President Professor Xiang Zhang and TCL Founder and Chairman Dongsheng Li, both of whom delivered keynote addresses at the event. Other attendees included Prof. Shen, Associate Vice-President (Research and Innovation), Professor Stephanie Kwai Yee Ma, as well as TCL Industries Vice President and Getech CEO Jun He.

The collaboration will draw on HKU’s research expertise and advanced capabilities in AI to accelerate the development of commercially viable, high-quality industrial AI technologies. The partnership aims to support the commercialization of academic research outcomes and foster growth in the industrial AI sector. Jointly managed by both parties, with Professor Shen serving as Director, the lab will focus on research into innovation and real-world applications of industrial AI, including optimization engines for supply chain operations; AMHS intelligent material handling and scheduling systems; the deployment of AI agents and hyper-automation; and the development of large language models (LLMs) and industrial big data platforms. The initial project, currently in the planning stage, will involve the development of an intelligent AMHS handling and scheduling system. HKU’s research team will collaborate with Getech Technology’s AMHS engineers to advance AI algorithms capable of managing over 1,000 overhead hoist transports (OHTs), with the goal of enhancing the performance of intelligent equipment. The planned research efforts align with Getech Technology’s vision of empowering smarter industries, while also underscoring HKU’s commitment to enhancing its competitiveness in the AI sector.

In his opening remarks, Prof. Zhang expressed his optimism about the partnership, “The formal agreement with TCL marks the official launch of our collaborative efforts in AI, with particular emphasis on industrial applications. HKU has made significant strides in foundational research across disciplines, backed by a cohort of distinguished researchers. We are now committed to translating these academic results into practical industrial applications and commercialization with the aim of advancing industrial development through new and emerging technologies.”

LI Dongsheng, Founder and Chairman of TCL, expressed strong support for the collaboration. He commented, “AI is a strategic priority for TCL. In 2024 alone, our AI initiatives delivered a measurable financial impact of 540 million yuan. The establishment of the lab led by Prof. Shen represents a milestone in TCL’s AI strategic roadmap.”

During the project briefing session, Mr. He outlined the lab’s framework and key initiatives planned for Phase 1. He said, “Getech is aligned with the Hong Kong government’s development roadmap by establishing our R&D center here to accelerate innovation in industrial AI. This initiative aims to position Hong Kong as a new international hub for supply chain management with the mission of driving intelligent transformation across both Chinese and global manufacturing sectors. In addition, the partnership lays the groundwork for the continued integration of industrial resources as we pursue smart manufacturing opportunities worldwide.”

In his concluding remarks, Prof. Shen, widely recognized as a leading researcher in his field, stated, “The HKU-TCL partnership represents a seminal advancement in AI, particularly for industrial applications. As AI emerges as the defining technological paradigm, HKU has remained at the forefront through initiatives such as establishing the School of Computing and Data Science to pioneer cutting-edge research. Our vision extends beyond foundational research to cross-disciplinary AI integration with global educational impact. Under Mr. Li’s leadership, TCL has consistently demonstrated its role as a ‘Technology Change Leader’ through sustained innovation. The collaboration will combine HKU’s academic excellence with TCL’s industrial expertise to create a laboratory with global impact that will drive progress in manufacturing and supply chains worldwide. As the lab’s director, I will work closely with TCL while engaging HKU faculty, students, and investors to collectively shape the future of industrial AI.”

Since the early stages of this AI wave, the Hong Kong government has demonstrated forward-looking leadership. The Hong Kong Innovation and Technology Development Blueprint published in 2022 identified AI as a priority sector, establishing strategic directives and action plans to strengthen the local AI ecosystem. Building on this vision, the 2025/2026 Budget proposed a HK$1 billion allocation to establish the Hong Kong AI Research Institute and approved five flagship projects led by local universities and research organizations to accelerate the development of several LLMs.

With the establishment of the joint lab, HKU will leverage its business partners’ real-world operational environments and R&D funding to sharpen its focus on addressing industrial needs and challenges through new technologies and applied research. Capitalizing on Hong Kong’s strategic position as a hub in Southeast Asia, the lab’s “technology R&D – scenario testing – global deployment” model will provide Southeast Asian manufacturers with replicable intelligent transformation pathways. Furthermore, Hong Kong’s international talent pool will enhance the lab’s capabilities in implementing depth-focused projects. These initiatives are expected to generate a substantial number of research roles for Hong Kong and neighboring areas, bringing together leading researchers and R&D engineers to build a strong industrial AI talent pipeline and reinforce the foundational ecosystem for AI-driven industrial transformation.

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SOURCE Getech Technology Co., Ltd

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AFRICON 2025 Returns to Atlanta on September 18-20, 2025

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May 16, 2025

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AFRICON, the flagship convening for global African changemakers, tastemakers, and innovators, officially returns to Atlanta, Georgia on September 18–20, 2025. Hosted by Amplify Africa, this year’s edition marks a new era of global connection, cultural elevation, and cross-continental collaboration—bringing together thousands of attendees from across Africa, the Diaspora, and the world.

ATLANTA, May 16, 2025 /PRNewswire-PRWeb/ — The Premier Global Gathering Celebrating African Culture, Creativity, and Commerce Expands with New Partnerships

“AFRICON is more than a conference—it’s a cultural and economic movement,” said Timi Adeyeba, COO & Co-Founder of Amplify Africa.

AFRICON, the flagship convening for global African changemakers, tastemakers, and innovators, officially returns to Atlanta, Georgia on September 18–20, 2025. Hosted by Amplify Africa, the 2025 edition, will showcase panels, workshops, pitch competitions, music showcases, fashion bazaars, and a film festival. This year’s edition marks a new era of global connection, cultural elevation, and cross-continental collaboration—bringing together thousands of attendees from across Africa, the Diaspora, and the world.

“AFRICON is more than a conference—it’s a cultural and economic movement,” said Timi Adeyeba, COO & Co-Founder of Amplify Africa.

“Each year, we’re building bridges across continents and creating a global platform that celebrates who we are while shaping where we’re going,” said Dami Kujembola, CEO & Co-Founder of Amplify Africa.

This year, AFRICON is proud to announce a headline partnership with Fidelity Bank, one of Africa’s most respected financial institutions. As part of this collaboration, AFRICON 2025 will feature the 3rd Annual Fidelity Investment and Trade Creative Connect (FITCC)—a marquee forum designed to spotlight innovation, entrepreneurship, and cross-border investment opportunities across the African continent.

“Since 2022, when we hosted the maiden edition, the FITCC has evolved beyond a platform for promoting Nigeria’s non-oil exports to become a veritable showcase of the immense value Nigeria has to offer the global market,” stated Dr. Nneka Onyeali-Ikpe, OON, Managing Director/Chief Executive Officer of Fidelity Bank Plc. “As part of our commitment to developing platforms that promote economic growth, creativity, and sustainable trade both within Nigeria and internationally, we are pleased to collaborate with AFRICON to host FITCC. This initiative stems from AFRICON’s esteemed capability to unite key stakeholders dedicated to integrating Nigerian businesses into global supply chain networks.”

AFRICON 2025 will feature a dynamic lineup of programming including cultural showcases, policy roundtables, business summits, nightlife experiences, and wellness activations. From creative industries and tech innovation to investment, trade, and social impact, the two-day experience positions Africa and its Diaspora as a rising global force.

Projected Impact

It is expected that AFRICON 2025 will attract:Over 3,000 attendees from around the worldMore than 200 exhibitors and businesses across sectorsOver US$200 million in trade, investment, and partnership deals to be concluded

AFRICON 2025 continues to build on its legacy of convening a global network of decision-makers, creatives, executives, and community leaders who are shaping Africa’s future.

For more information on tickets, sponsorship opportunities, and programming details, visit www.africon.global or follow @africon.global on all platforms.

About Amplify Africa

Amplify Africa is a leading media, events, and cultural agency dedicated to shaping the global narrative of Africa and its Diaspora. With a reach of over 12 million people monthly, Amplify Africa curates impactful experiences, content, and campaigns that celebrate African excellence across entertainment, tech, business, and culture. From landmark festivals to thought leadership summits, the platform serves as a bridge between Africa and the world—empowering the next generation of changemakers and creators.

About Fidelity Bank

Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

Media Contact
Amplify Africa, Amplify Africa, 1 2138140719, info@amplifyafrica.org, https://amplifyafrica.co/

View original content to download multimedia:https://www.prweb.com/releases/africon-2025-returns-to-atlanta-on-september-1820-2025-302456185.html

SOURCE Amplify Africa

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Movano Health’s Board of Directors Initiates Process to Maximize Shareholder Value

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May 16, 2025

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PLEASANTON, Calif., May 16, 2025 /PRNewswire/ — Movano Health (Nasdaq: MOVE), a pioneer in health technology, announced today that its Board of Directors has initiated a process to explore strategic alternatives, including a sale, merger or similar transaction involving the Company, to maximize shareholder value.  To support this process, Movano Health’s Board of Directors has engaged Aquilo Partners as its financial advisor and K&L Gates LLP as its legal counsel.

There can be no assurance that this process will result in any transaction or other strategic change or as to the timing of any such potential agreement or transaction. Movano Health does not intend to disclose further developments unless and until the Board of Directors has approved a specific course of action or determines that further disclosure is appropriate or required.  The Company also reported that due to resource constraints, it does not plan to timely file its quarterly report on Form 10-Q for the quarter ended March 31, 2025.

About Movano Health 
Founded in 2018, Movano Inc. (Nasdaq: MOVE) dba Movano Health is developing a suite of purpose-driven healthcare solutions to bring medical-grade data to the forefront of wearables. Featuring modern and flexible form factors, Movano Health’s devices offer an innovative approach to delivering trusted data to both customers and enterprises, capturing a comprehensive picture of an individual’s health data and uniquely translating it into personalized and intelligent insights.

Movano Health’s proprietary technologies and wearable medical device solutions enable the use of data as a tool to proactively monitor and manage health outcomes across a number of patient populations that exist in healthcare. For more information on Movano Health, visit https://movanohealth.com/.

Forward Looking Statements

This press release contains forward-looking statements concerning our expectations, anticipations, intentions, beliefs, or strategies regarding the future. These forward-looking statements are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially from those anticipated. Therefore, you should not place undue reliance on forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding the Company’s strategic plans and value, plans with respect to the commercial launches of the Evie Ring and EvieMED; our expectations regarding potential commercial opportunities and addressable markets; planned cost-cutting initiatives; anticipated FDA clearance decisions with respect to our products; expected future operating results; product development efforts and product releases; clinical trial and regulatory initiatives; commercial partner activities; our strategies, positioning and expectations for future events or performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and in our other reports filed with the Securities and Exchange Commission, including under the caption “Risk Factors.”  Any forward-looking statement in this release speaks only as of the date of this release. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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SOURCE Movano

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Canaan Inc. Receives Nasdaq Notification Regarding Minimum Bid Requirements

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May 16, 2025

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SINGAPORE, May 16, 2025 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, today announced that on May 13, 2025, it received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price of its American depositary shares (the “ADSs”) was below US$1.00 per share for the last 30 consecutive business days. The Nasdaq notification letter has no immediate effect on the listing or trading of the Company’s securities on Nasdaq.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar-day compliance period, or until November 10, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Company’s ADSs must meet or exceed US$1.00 per share for at least 10 consecutive business days during the 180-calendar-day compliance period.

In the event the Company does not regain compliance by November 10, 2025, subject to the determination by the staff of Nasdaq, the Company may be eligible for an additional 180-calendar-day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market with the exception of the minimum bid price requirement and will need to provide written notice of its intention to cure the deficiency during the second compliance period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s ADSs will be subject to delisting.

The Company intends to continue monitoring the closing bid price of its ADSs and will take all reasonable measures in order to regain compliance with the Nasdaq minimum bid price requirement. The Company’s ADSs will continue to be listed and trade on the Nasdaq Global Market during the compliance period, unaffected by the receipt of the Notice from Nasdaq.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.’s strategic and operational plans, contain forward-looking statements. Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, such as expectations with regard to mining hash rate deployment, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, the ability of the company to execute against its goals, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

View original content:https://www.prnewswire.com/news-releases/canaan-inc-receives-nasdaq-notification-regarding-minimum-bid-requirements-302458116.html

SOURCE Canaan Inc.

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