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American Battery Technology Company Announces Commercial Transaction for Bulk Purchase of Recycled Black Mass Material by Domestic Strategic Customer

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American Battery Technology Company (ABTC) achieves major commercial milestone for its internally-developed, first-of-kind, commercial-scale battery recycling facility by entering into a binding purchase agreement for accumulated volume of its recycled black mass material to a domestic strategic customer

Ensuring recycled black mass feeds the North American circular battery metals supply chain, as opposed to being sold to the Asian refining market, ABTC strategically shifts to direct sale of its products, as opposed to working indirectly through marketing agents

Black mass material recycled from lithium-ion batteries contains metals such as lithium, nickel, and cobalt that can be used in the manufacturing of new lithium-ion batteries needed to power consumer electronics, stationary grid storage systems, and electric vehicles

RENO, Nev., July 10, 2024 /PRNewswire/ — American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, achieved a major commercial milestone by entering into a direct binding agreement for the purchase of its accumulated recycled black mass material by a domestic strategic customer from its first-of-kind lithium-ion battery recycling facility.

American Battery Technology Company began operations of its commercial lithium-ion battery recycling plant in October 2023. The ABTC recycling facility utilizes its first-of-kind integrated set of recycling processes based on a strategic de-manufacturing approach that utilizes a deconstruction process combined with a targeted selective hydrometallurgical process. This system is agnostic to feedstock form factors and can process lithium-ion batteries and manufacturing scrap of a variety of sizes and shapes, and with a wide range of internal chemistries. The first phase of the recycling process produces recycled products that include copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material, and the integrated second phase further refines these materials into battery grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide. The second phase of this integrated recycling system is currently being implemented.

The company previously considered marketing its black mass intermediate material throughout the world, but the company’s strategic priority is to sell its recycled products domestically to ensure these products facilitate the establishment of a North American closed-loop circular battery metals supply chain.

“We are proud to have manufactured bulk quantities of high nickel and cobalt content recycled black mass material at our commercial-scale, lithium-ion battery recycling facility,” stated ABTC CEO Ryan Melsert. “In accordance with our corporate principles, we strongly prefer to sell our recycled materials into the North American battery supply chain in order to facilitate the establishment of closed-loop domestic operations, as opposed to exporting these critical minerals abroad. We also are proud to have established strong relationships with domestic customers, that allow us to sell these recycled products directly as opposed to indirectly through brokers.”

Bringing first-of-kind technologies to market, ABTC’s battery recycling and primary battery metals commercialization efforts support the buildout of a domestically-sourced battery metals circular supply chain.

About American Battery Technology Company 
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.

Forward-Looking Statements  
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2023. The Company assumes no obligation to update any of the information contained or referenced in this press release.

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SOURCE American Battery Technology Company

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Huawei Launches Medical Technology Digitalization 2.0 Solution, Facilitating Precision Healthcare with AI

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SHANGHAI, Sept. 23, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, Huawei teamed up with partners to launch the Medical Technology Digitalization 2.0 Solution at the healthcare session named Enhancing Inclusivity to Amplify Healthcare Intelligence. This solution implements AI-assisted diagnosis and intelligent quality control, facilitating precision healthcare as well as hierarchical diagnosis and treatment.

Participants of the launch ceremony were: Sun Pengfei, Vice President of Huawei Global Public Sector; Hou Yu, Founder and CEO of MED Imaging AI; Zhang Yu, General Manager of Wanxiang Medical Technology Co., Ltd.; Sun Fenglei, Product Strategy Director of Beijing DeepWise Technology Co., Ltd.; and Liu Zheng, Business Development Director of KFBIO.

AI Enablement, Achieving Precise and Consistent Diagnosis and Treatment

Medical image data accounts for 80% of clinical data. AI is used to fully explore the value of such data, which is critical to clinical diagnosis, decision-making, and disease prevention. Incorporating AI, computing, storage, and network, Huawei’s Medical Technology Digitalization 2.0 Solution works with the innovative applications of industry partners to implement AI-based quality control and diagnosis, significantly improving the quality and efficiency of healthcare services. So far, this solution has been implemented in projects like the Fourth People’s Hospital of Shenyang.

In medical imaging, this solution can intelligently identify and score the quality of images. The accuracy of AI quality control reaches 98%, boosting image quality. In addition, the solution supports the intelligent segmentation, detection, and quantitative analysis of image data, and can automatically complete AI analysis and auxiliary diagnosis, effectively reduces the missed diagnosis rate. The diagnosis time is shortened by 40%, significantly increasing the diagnosis and treatment efficiency. For ultrasounds, this solution uses digital and intelligent imaging devices running on the OpenHarmony. With the AI device-edge synergy architecture deployed in the center, AI and low latency video transmission help achieve one-stop, real-time AI-assisted diagnosis and centralized quality control regionwide. Ultrasound quality control can now realize full coverage instead of just conducting spot checks. The end-to-end delay of all-domain AI-assisted diagnosis is less than 150 ms, which facilitates continuous improvement of ultrasound diagnosis quality and efficiency across the region.

All-Scenario Innovation, Accelerating Healthcare Intelligence

Li Junfeng, Vice President of Huawei and President of the Global Public Sector, said that the next few years hold important opportunities for digital and intelligent technologies to propel the high-quality development of healthcare. Huawei focuses on root technologies and continuously innovates and optimize scenario-specific solutions for the healthcare industry, such as the Smart Ward, Smart Hospital Campus, and Telemedicine. To date, Huawei has served over 5000 healthcare institutions in more than 110 countries and regions.

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SOURCE Huawei

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Wego Enhances Travel Options Through New Partnership with Malaysia Airlines

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DUBAI, United Arab Emirates, Sept. 23, 2024 /PRNewswire/ — Wego, the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has joined forces with Malaysia Airlines, the national carrier of Malaysia. This collaboration enables Wego users to seamlessly book Malaysia Airlines flights directly through Wego’s platform.

Wego users can now access and book a wide range of domestic and international flights offered by Malaysia Airlines on Wego’s comprehensive platform. With Malaysia Airlines serving over 50 destinations globally, this partnership significantly broadens the range of airline choices available to Wego users.

Dersenish Aresandiran, Chief Commercial Officer of Airlines at Malaysia Aviation Group, the parent company for Malaysia Airlines, expressed his enthusiasm: “We are excited to partner with Wego, as this collaboration helps us extend our warm Malaysian Hospitality to more travellers, especially from the MENA region. By offering competitive fares through Wego’s platform, we look forward to welcoming more passengers on board Malaysia Airlines, where they can experience the exceptional service and care that define our airline.”

Through this partnership, Malaysia Airlines’ competitive fares will be highlighted across Wego’s marketing channels, allowing users to find and book the best deals directly through Malaysia Airlines’ booking portal.

Ross Veitch, CEO and Co-Founder of Wego, commented: “Malaysia has always been a popular destination for travelers, and we are excited to collaborate with Malaysia Airlines to further promote Malaysian tourism. As the largest online travel marketplace, partnering with Malaysia Airlines, known for its excellent service and hospitality, aligns perfectly with our mission to provide our users with the best travel options. This collaboration will enhance Malaysia Airlines’ visibility and drive direct bookings, particularly within the MENA region.”

Wego is expanding its presence in Malaysia by opening a new, larger office in Kuala Lumpur. The new office underscores Wego’s commitment to delivering exceptional travel experiences and meeting the growing needs of travelers in the region.

This partnership reaffirms Wego’s commitment to offering its users an extensive selection of flight options across its platforms, ensuring a seamless and comprehensive booking experience.

About Wego

Wego is the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA).

It provides award-winning travel search websites and top-ranked mobile apps for travelers living in the Asia Pacific and the Middle East regions. Wego harnesses powerful yet simple to use technology that automates the process of searching and comparing results from hundreds of airlines, hotels, and online travel agency websites.

Wego presents an unbiased comparison of all travel products and prices offered in the marketplace by merchants, both local and global, and enables shoppers to quickly find the best deal and place to book whether it is from an airline or hotel directly or with a third-party aggregator website.

The company was founded in 2005 and is dual headquartered in Dubai and Singapore with regional operations in Bangalore, Riyadh, Cairo, Lahore, and Kuala Lumpur.

About Malaysia Aviation Group

Malaysia Aviation Group (MAG) is a global aviation organisation comprising three focused business portfolios from Airlines, Loyalty and Travel Services (LTS) and Aviation Services. 

Its current Airlines business portfolio that serves the global, domestic and segmented market comprises  Malaysia Airlines – the national carrier of Malaysia, Firefly and MASwings – the regional airlines focused  on serving communities across Malaysia, and AMAL by Malaysia Airlines – leading one-stop pilgrimage  travel solutions centre. 

MAG also focuses on Aviation Services business such as maintenance, repair and overhaul (MRO), cargo, ground handling and training that houses MAB Engineering, MASkargo – one-stop cargo logistic and terminal operations service provider, AeroDarat – one-stop ground handling solution provider and Malaysia Airlines Academy – one-stop Aviation and Hospitality Centre of Excellence. 

The Loyalty and Travel Services (LTS) business portfolio focuses on providing end-to-end travel solutions and loyalty programs, complementing its established strength and expertise in the airline and aviation service businesses. It comprises Journify – the integrated one-stop travel and lifestyle digital platform, Enrich – the award-winning Travel & Lifestyle Loyalty Programme of Malaysia Airlines; and MHholidays and Firefly Holidays – the tour operating arm for the Group. 

With the clear business portfolios, MAG is set to achieve its vision anchored on becoming Asia’s Leading Travel and Aviation Services Group, focused on delivering highly customised, end-to-end travel solutions by 2025. 

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Enterprise Resource Planning (ERP) Market to Reach $117.09 Billion, Globally, by 2030 at 10.0% CAGR: Allied Market Research

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PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ — The rise in the need for operational efficiency and transparency in business processes and the increase in demand for ERP software from small & medium enterprises boost the growth of the global market. In addition, the surge in adoption of cloud and mobile applications is positively impacting the growth of the market.

Allied Market Research published a report, titled, “Enterprise Resource Planning (ERP) Market by Component (Software and Services), Deployment Model On-premise, Cloud and Hybrid), Enterprise Size (Large Enterprises, Medium Enterprises, and Small Enterprises), Business Function (Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, and Others) and Industry Vertical (Manufacturing, BFSI, Healthcare, Retail & Distribution, Government & Utilities, IT & Telecom, Construction, Aerospace & Defense and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030″. According to the report, the “enterprise resource planning (ERP) market” was valued at $43.72 billion in 2020, and is projected to reach $117.09 billion by 2030, growing at a CAGR of 10.0% from 2021 to 2030.

The rise in the need for operational efficiency and transparency in business processes and the increase in demand for ERP software from small & medium enterprises boost the growth of the global market. In addition, the surge in adoption of cloud and mobile applications is positively impacting the growth of the market. However, the availability of open-source ERP applications and the high implementation cost of ERP software technology hamper the growth of the ERP market. On the contrary, the rise in the application of ERP solutions in small & medium enterprises and the rapid transformation of modern business models are expected to offer remunerative opportunities for the expansion of the enterprise resource planning market during the forecast period.

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The software segment held the highest market share in 2020. 

By component, the software segment dominated the market in 2020, The demand for ERP software surged as businesses across industries increasingly sought to streamline operations, integrate various business functions, and enhance decision-making through centralized data management. However, the services segment is expected to witness the largest CAGR of 10.7%, this growth is driven by the increasing need for consulting, customization, implementation, and ongoing support as businesses adopt more complex ERP systems.  As organizations transition to cloud-based and AI-powered ERP solutions, they require professional services for seamless integration with existing systems, data migration, training, and system optimization.

The on-premise segment held the highest market share in 2020.

By deployment model, the on-premise segment accounted for the largest share in 2020. This dominance is attributed to several key factors. Many organizations, particularly those in regulated industries such as finance, healthcare, and manufacturing, prefer on-premise solutions due to their ability to provide greater control over data security and compliance.  However, the cloud segment is expected to witness the largest CAGR of 11.6%. This anticipated growth is driven by several key factors. First, the increasing demand for flexibility and scalability in business operations has led many organizations to adopt cloud-based ERP solutions, which allow for easy updates and expansion without the need for significant hardware investments. 

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Regional Insights: The North America region held the highest market share in 2020. 

By region, the enterprise resource planning (ERP) market was dominated by North America in 2020. North America, particularly the United States, has a highly developed technological infrastructure and a strong presence of leading ERP vendors, which facilitates the adoption of advanced ERP solutions across various industries. 

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Key Industry Developments 

In July 2024, Eton Solutions launched an enterprise resource planning (ERP) platform – AtlasFive, for managing family offices in India.In July 2024, SAP and its partner SGN Software Pvt Ltd launched a flagship Cloud ERP offering designed for small and mid-sized organizations.In May 2024, Forterro launched Fortee, its entry-level cloud-based ERP solution. Fortee has been designed specifically for the needs of SME discrete manufacturers and industrial startups and is based on 15 years of cloud-ERP learning.

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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SOURCE Allied Market Research

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