TASHKENT, Uzbekistan, Nov. 11, 2024 /CNW/ — Arctech, the world’s leading solar tracking and racking solutions provider, announced that it has started the shipment of its signature 1P single-axis solar tracking system SkyLine II for the 320MW photovoltaic project in Buka, Tashkent, Uzbekistan. This shipment has been initiated within only half a month following the project’s signing, demonstrating Arctech’s excellence in the supply chain. Furthermore, the utilization of SkyLine II for this project highlights its advanced features that have garnered high praise from clients.

The project is located in Buka, where it faces severe weather conditions including strong winds and heavy snowfall, presenting significant challenges to the installation and operation of the project. However, Arctech’s pioneering synchronous multi-point drive mechanism enables horizontal stowing during high wind events, reducing wind pressures on solar panels while leading to up to 2% more energy yield per year.

Considering the heavy snowfall in the region, SkyLine II has been designed with a special snow strategy. This innovative feature facilitates efficient removal of accumulated snow from the panels to one side, ensuring uninterrupted operation of power stations during snowy periods while eliminating the need for manual snow removal. Ultimately, this enhancement optimizes power generation while protecting solar modules from excessive weight caused by snow.

Relying on its efficient global supply chain and local service team, Arctech promptly responded to ensure the smooth progress of the project. Faced with the urgent deadline for the first batch of deliveries, its comprehensive service team swiftly coordinated production and logistics while maintaining effective communication with clients to ensure timely shipment, thereby earning high commendation from customers.

After completion, the project will generate an annual power output of 572,502MWh, resulting in an annual saving of approximately 163,000 tons of standard coal and a reduction of about 45 tons of SO2 emissions and about 448,000 tons of CO2 emissions, effectively alleviating the current power supply shortage in Tashkent and contributing to Uzbekistan’s transition towards green energy.

The Arctech team has successfully amassed a robust portfolio of over 2.3GW in Uzbekistan to date. Moving forward, Arctech is dedicated to further contributing to the energy transition in Uzbekistan and beyond through its advanced solar tracking and racking solutions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/arctech-skyline-ii-revolutionizing-the-320mw-uzbek-project-with-swift-shipment-and-innovative-solar-tracking-solution-302301051.html

SOURCE Arctech

GUANGZHOU, China, Nov. 11, 2024 /PRNewswire/ — Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China (“Vipshop” or the “Company”), today announced that it plans to release its third quarter 2024 financial results on Tuesday, November 19, 2024, before the US market open.

The Company will hold a conference call on Tuesday, November 19, 2024 at 7:30 am US Eastern Time, 8:30 pm Beijing Time to discuss the financial results.

All participants wishing to join the conference call must pre-register online using the link provided below.

Registration Link:
https://register.vevent.com/register/BIb7dd20b068014c73a6cc797c134be1b5

Once pre-registration has been completed, each participant will receive dial-in numbers and a unique access PIN via email. To join the conference, participants should use the dial-in details followed by the PIN code.

A live webcast of the earnings conference call can be accessed at https://edge.media-server.com/mmc/p/x863x7sh. An archived webcast will be available at the Company’s investor relations website at http://ir.vip.com.  

About Vipshop Holdings Limited

Vipshop Holdings Limited is a leading online discount retailer for brands in China. Vipshop offers high quality and popular branded products to consumers throughout China at a significant discount to retail prices. Since it was founded in August 2008, the Company has rapidly built a sizeable and growing base of customers and brand partners. For more information, please visit https://ir.vip.com/.

Investor Relations Contact

Tel: +86 (20) 2233-0732
Email: IR@Vipshop.com

View original content:https://www.prnewswire.com/news-releases/vipshop-to-announce-third-quarter-2024-financial-results-on-november-19-2024-302300744.html

SOURCE Vipshop Holdings Limited

RIYADH, Saudi Arabia, Nov. 11, 2024 /PRNewswire/ — Newborn Town Inc., a leading global social entertainment company (Newborn Town or the Company, stock code: SEHK 9911), was invited by the Ministry of Investment of Saudi Arabia (MISA), one of the organizers of the 8th Future Investment Initiative (FII) conference, to attend the cultural gala dinner held in the historic city, Diriyah.

The FII conference, held this year from October 29 to 31, drew an impressive assembly of political and business leaders from around the globe, highlighting Saudi Arabia’s growing role in fostering international investment partnerships.

The gala dinner took place at Al-Turaif, a UNESCO World Heritage Site in Diriyah, home to the first capital of the Kingdom of Saudi Arabia. The dinner commenced with an impressive light show that beautifully portrayed the Kingdom’s profound history and vibrant cultural heritage. This was followed by welcome speeches delivered by prominent political and business leaders.

As one of the companies engaged in Saudi Arabia’s Regional Headquarters Program (RHQ), Newborn Town was honored to attend this cultural gathering and involved in profound discussions with esteemed leaders from the political and business sectors. Together, they reflected on the Kingdom’s illustrious past while exploring the dynamic investment opportunities that Saudi Arabia presents today.

Launched in February 2021, the Regional Headquarters (RHQ) Program is a collaborative initiative between the Ministry of Investment of Saudi Arabia (MISA) and the Royal Commission for Riyadh City (RCRC). Its objective is to invite multinational companies to set up their regional headquarters in the Kingdom of Saudi Arabia, underscoring the Kingdom’s commitment to economic diversification and its support for the ambitious “Vision 2030” goals.

Reports indicate that MISA has issued over 540 regional headquarters permits to foreign companies, already exceeding its 2030 target of 500 permits. In September, Newborn Town and MISA held an inauguration ceremony in Riyadh under the theme “To Connect, Explore, and Thrive Together,” celebrating Newborn Town as the first global social entertainment company to establish a regional headquarters in Saudi Arabia while looking forward to a promising future for the local online social entertainment industry.

Since 2017, Newborn Town has steadily expanded its footprint in the Middle East and North Africa (MENA) market, closely attuning to the social entertainment needs of local users. Through refined localization strategies, the company has built a robust ecosystem in MENA, offering a diverse social entertainment apps portfolio.

In late August, Newborn Town hosted the Interim Results presentation themed “The Arabian Nights” in Hong Kong, which embraced a Middle Eastern flair. The event focused on sharing the company’s strategies and achievements in the MENA region. CEO Li Ping said Newborn Town’s sustained investments in MENA over recent years have established substantial market barriers through localized operations. In the first half of 2024, the MENA region accounted for over 50% of Newborn Town’s social networking revenue.

With Vision 2030, Saudi Arabia is embracing vibrant economic growth and abundant investment opportunities. Newborn Town is committed to deepening its presence in Saudi Arabia and other MENA markets, growing alongside these key regions to unlock exceptional business opportunities and foster a prosperous future together.

Beyond commercial success, Newborn Town is dedicated to creating lasting social impact in Saudi Arabia and the MENA region. The company actively upholds its corporate social responsibilities by promoting local employment, supporting vulnerable groups—including children with cancer—and aiding disaster-affected areas. Through these efforts, Newborn Town stands with the community, contributing meaningfully toward realizing Saudi Arabia’s Vision 2030.

Photo – https://mma.prnewswire.com/media/2553658/image.jpg

View original content:https://www.prnewswire.co.uk/news-releases/newborn-town-joins-misa-hosted-cultural-dinner-at-8th-future-investment-initiative-exploring-new-investment-opportunities-302300956.html