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ProLogium Debuted World’s First 100% Silicon Composite Anode at the Paris Motor Show

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Showcasing the Industry’s Only Next-Generation Battery Pack in Partnership with FEV Group for Automotive Applications

PARIS, Oct. 14, 2024 /PRNewswire/ — ProLogium Technology, the global leader in LCB-based next-generation battery innovation, premiered its 100% silicon composite anode battery today (October 14) at the 2024 Paris Motor Show. This cutting-edge battery technology, certified by TÜV Rheinland (Note 1), is also adopted in partnership with Germany’s FEV Group to develop a next-generation battery pack, showcasing ProLogium’s substantial progress in LCB commercialization and introducing an exciting new concept to the market.

“Our next-generation battery technology effectively addresses many of the challenges in the electric vehicle industry. Our goal is to be a game changer in the market, injecting new energy into the electric vehicle sector,” stated Vincent Yang, ProLogium’s Founder and Chairman.

The new battery system not only surpasses traditional lithium-ion batteries in energy density and charging efficiency but also addresses critical industry challenges. Its fast-charging capabilities help overcome the shortage of charging stations and improve the residual value of used vehicles. This debut marks ProLogium’s accelerated progress towards the commercialization of lithium ceramic batteries, reinforcing its role in shaping the future of the industry.

Revolutionary 100% Silicon Composite Anode: Breaking Industry Barriers and Driving Innovation

ProLogium Technology’s new 100% silicon composite anode significantly enhances energy density and fast-charging performance. The system achieves a volumetric energy density of 749 Wh/L and a gravimetric energy density of 321 Wh/kg, with projections to increase to 823 Wh/L and 355 Wh/kg by the end of 2024. Dr. Dmitry Belov, Chief Scientist of ProLogium Technology, stated: “Our new technology has broken through existing barriers. Since 2023, we’ve consistently outperformed our competitors, with the gap only growing larger, in both energy density and in fast-charging performance.”

Compared to mainstream LFP batteries (under 200 Wh/kg), and NCM batteries (200 to 300 Wh/kg), ProLogium’s LCB has already surpassed current lithium-ion batteries on the market, with the gap expected to widen by up to 77% by the end of the year. According to TÜV Rheinland test data, the battery charges from 5% to 60% in just 5 minutes and reach 80% in 8.5 minutes, an unmatched achievement in the competitive EV market. This advancement greatly reduces charging time and extends vehicle range, significantly enhancing overall performance.

Small Battery, Big Future: A Perfect Fusion of High Performance and Cost Efficiency

With its battery offering superior energy density and fast-charging capabilities, ProLogium has introduced the “Small Battery, Big Future” concept, which is set to revitalize the EV industry by offering a powerful blend of efficiency, performance, and sustainability.

With only 66% of the total energy capacity of current lithium-ion batteries (from 83 kWh to 55 kWh), ProLogium has cut vehicle weight by 300 kg, boosting both energy efficiency and driving range for an enhanced driving experience. This reduction in battery capacity also translates into lower carbon taxes and decreased initial vehicle costs.

Additionally, a 5-minute charge provides an approximate range of 300 kilometers, outpacing the industry’s 30-minute average. This ultra-fast charging reduces wait times by 83.3%, improving efficiency and turnover rates while addressing pressing challenges of limited charging stations and long wait times.

Beyond above advantages, ProLogium’s modular design allows for easier repairs and facilitates cell recycling, reducing maintenance costs and increasing the resale value of used electric vehicles. Together, these four features directly contribute to a reduced total cost of ownership (TCO), offering consumers a more affordable and sustainable EV solution.

The “Small Battery, Big Future” concept effectively tackles industry dilemmas such as low EV residual values, the inability to replace individual cells but the entire pack, and the environmental impact of scrapped vehicles. It paves the way for a more sustainable and efficient future in electric mobility, while ensuring consumers enjoy a seamless transition with the next-generation batteries.

Announcing Strategic Partnership with FEV

Another key highlight of this debut is the unveiling of ProLogium and FEV’s strategic partnership at the Paris Motor Show, showcasing how the battery packs are integrated into electric vehicles. This collaboration marks ProLogium’s progression from producing EV components to developing battery modules and packs, underscoring the company’s substantial strides in commercialization. Dr. Thomas Hülshorst, Global Vice President Electric Powertrain at FEV, stated: “Over the past two years, our collaboration has resulted in customized battery packs and concept designs that not only meet, but exceed regulatory standards and market demands. Due to the significantly increased energy density of the LLCB cell of 321Wh/kg, the energy storage system can be designed to be smaller and lighter for a vehicle with a targeted driving range, thus reducing power and space requirements. By combining ProLogium’s visionary technology with FEV’s engineering strengths, we are paving the way for the future of sustainable mobility.”

Note: ProLogium Technology received certification from TÜV Rheinland, an internationally recognized testing organization, in March and May 2024, confirming the energy density of its next-generation lithium ceramic cells at 749 Wh/L (volumetric) and 321 Wh/kg (gravimetric), with a fast-charging capability from 5% to 60% in 5 minutes, and from 5% to 80% in 8.5 minutes.

More information: https://prologium.com/prologium-2024-paris-motor-show-pressrelease/

About ProLogium

Founded in 2006, ProLogium specializes in lithium ceramic battery solutions for electric vehicles and various markets. With over 900 patents, it has delivered more than 8,000 next-generation battery samples to global automakers. Its first gigafactory, Taoke in Taiwan, will supply automakers in 2024, driving global capacity expansion. In May 2024, ProLogium opened its first overseas R&D center in Paris-Saclay, and its Dunkirk gigafactory project is advancing through public hearings, with construction expected by late 2024 or early 2025 and mass production set for 2027.

About FEV

FEV has always pushed the limits.

FEV is a globally leading engineering provider in the automotive industry and internationally recognized leader of innovation across different sectors and industries. Professor Franz Pischinger laid the foundations by combining his background in academia and engineering with a great vision for continual progress. The company has supplied solutions and strategy consulting to the world’s largest automotive OEMs and has supported customers through the entire transportation and mobility ecosystem.

As the world continues to evolve, so does FEV.

That’s why FEV is unleashing its technological and strategic expertise into other areas, applying its forward thinking to the aerospace and energy sectors. Additionally, its software and system know-how will enable the company to lead the way making intelligent solutions available to everyone. FEV brings together the brightest minds from different backgrounds and specialties to find new solutions for both current and future challenges.

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SOURCE ProLogium

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Payroc Partners with Biller Genie to Streamline Accounts Receivable for QuickBooks Merchants

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January 13, 2025

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New Integration with Payroc Gateway Enhances Payment Solutions and Reduces Processing Costs

TINLEY PARK, Ill., Jan. 13, 2025 /PRNewswire-PRWeb/ — Payroc, a leading payments technology company, has announced a strategic partnership with Biller Genie, a cloud-based accounts receivable automation platform, to offer QuickBooks merchants a more streamlined payment experience. This integration with the Payroc Gateway provides an all-in-one invoicing and payment solution, automating the accounts receivable process while delivering cost savings through RewardPay Choice, Payroc’s compliant surcharge program.

This integration with the Payroc Gateway provides an all-in-one invoicing and payment solution, automating the accounts receivable process while delivering cost savings through RewardPay Choice, Payroc’s compliant surcharge program.

Through this partnership, QuickBooks merchants can automate their invoicing and payment collection processes, resulting in enhanced efficiency, reduced manual tasks, and accelerated payment processing. This collaboration not only elevates merchant operations but also empowers Payroc’s sales partners with a comprehensive solution that combines automation with significant cost savings. Together, we are committed to transforming the accounts receivable experience.

“By integrating with Biller Genie, we’re providing a complete accounts receivable solution to our sales partners and their merchants,” said James Derby, EVP of Product Commercialization at Payroc. “This partnership will help merchants automate key processes, save on processing fees, and focus on growing their business.”

The integration provides several advantages for QuickBooks merchants, including automated invoicing, payment reminders, and collections, which reduces manual data entry and saves time. With Payroc’s RewardPay Choice, merchants can further lower their processing fees by passing a portion of the costs to customers through a compliant surcharge program.

“We are excited to partner with Payroc and bring this solution to QuickBooks users,” said Garima Shah, President of Biller Genie. “This integration with the Payroc Gateway allows merchants to automate their accounts receivable process, giving them more time to focus on running their business instead of administrative tasks and get paid faster.”

This partnership supports Payroc’s mission to provide innovative payment solutions while expanding its presence in the U.S. card-not-present (CNP) market. QuickBooks merchants can now utilize Payroc to benefit from lower processing rates, efficient invoicing, and a more streamlined accounts receivable process.

For more information, please visit: https://payroc.com/solutions/gateway/

About Payroc:
Payroc is a leading provider of integrated payment solutions, empowering independent software vendors (ISVs) and businesses worldwide to turn complex payment challenges into revenue-driving opportunities. With vertically tailored solutions that deliver competitive advantages, Payroc enhances customer value and consumer convenience through a consultative, partner-centric approach. Processing over $115 billion annually for more than 190,000 merchants globally, our high-growth platform combines advanced payments technology with unified commerce solutions to support scalability and growth.

Media Contact

Yosselin Nunez, Payroc, 1 (888) 477-4500, yosselin.nunez@payroc.com, https://payroc.com/

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LeapXpert Recognized as a Visionary in Inaugural Gartner® Magic Quadrant™ for Digital Communications Governance & Archiving (DCGA)

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January 13, 2025

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — LeapXpert, the responsible business communication pioneer, today announced that it has been recognized as a Visionary in the first Gartner Magic Quadrant for Digital Communications Governance & Archiving (DCGA).

 

LeapXpert’s flagship offering, The LeapXpert Communications Platform, provides an innovative and comprehensive DCGA solution, catering to enterprises seeking robust, scalable communication governance and compliance.

Digital Communications Governance and Archiving solutions (DCGA) are designed to enforce corporate governance and regulatory compliance across a growing number of digital communication tools available to employees.

Dima Gutzeit, Founder & CEO of LeapXpert, shared his thoughts on the recognition:

“We believe being named a Visionary in the Gartner inaugural Magic Quadrant for DCGA validates the innovation and dedication that drive our platform and team. In our eyes, this underscores our commitment to empowering enterprises to maintain governed, compliant, and efficient communication in an increasingly complex digital landscape.”

“We believe this recognition reflects the growing need for organizations to bridge the gap between convenience and governance in digital communication,” added Avi Pardo, Co-founder & CBO. “We feel our platform is at the forefront of solving this challenge, and we are proud to be a trusted partner for Fortune 500 companies and enterprises worldwide.”

This recognition comes shortly after LeapXpert was named one of the fastest-growing tech companies in North America, ranking 14th in New York City on the Deloitte Fast 500 list, and recent recognition at the UC Awards, where it won Best Unified Communications Platform under $250M for 2024.

Download the report here.

Gartner, Magic Quadrant for Digital Communications Governance and Archiving Solutions, Michael Hoeck, Jeffrey Hewitt and Rizvan Hussain, January 8, 2025.

Gartner Disclaimer

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

LeapXpert, the responsible business communication pioneer, provides enterprises with peace of mind through governed, compliant, and secure communication solutions. The LeapXpert Communications Platform enables governed and efficient communication between employees and clients through consumer messaging channels, while boosting productivity and decision-making with Communication Intelligence. The company is headquartered in New York, with offices in London, Tel Aviv, and Asia. Hundreds of enterprise customers, with hundreds of thousands of users in more than 45 countries, depend on LeapXpert daily for Digital Communications Governance & Archiving (DCGA) solutions. For more information, visit www.leapxpert.com.

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Metaverse Wallets Market to Reach $32,310 Million by 2030, Driven by Blockchain and Mobile Wallet Growth | Valuates Reports

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January 13, 2025

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Metaverse Wallets Market is Segmented by Type (Desktop Wallet, Online Wallet, Mobile Wallet, Hardware Wallet, Paper Wallet), by Application (Commercial, Individual).

BANGALORE, India, Jan. 13, 2025 /PRNewswire/ — The Global Metaverse Wallets Market was valued at USD 7697 Million in 2023 and is anticipated to reach USD 32310 Million by 2030, witnessing a CAGR of 22.5% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Metaverse Wallets Market:

The Metaverse Wallets market is set for significant growth, driven by the expanding metaverse ecosystem and the increasing need for secure and efficient digital financial tools. As the metaverse evolves into a fully immersive virtual environment, the integration of advanced technologies such as blockchain, artificial intelligence, and decentralized finance (DeFi) enhances the functionality and appeal of metaverse wallets.

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TRENDS INFLUENCING THE GROWTH OF THE TRENDS INFLUENCING THE GROWTH OF THE METAVERSE WALLETS MARKET :

Mobile wallets are pivotal in driving the growth of the Metaverse Wallets market by providing users with seamless and convenient access to their digital assets within virtual environments. These wallets enable easy transactions, secure storage, and efficient management of cryptocurrencies and non-fungible tokens (NFTs) directly from mobile devices. The widespread adoption of smartphones and the increasing reliance on mobile applications for financial transactions have accelerated the integration of mobile wallets into the metaverse. Additionally, mobile wallets offer user-friendly interfaces and advanced security features, enhancing the overall user experience and fostering trust among users. As the metaverse expands and more users engage in virtual economies, the demand for robust mobile wallet solutions continues to rise, thereby propelling the growth of the Metaverse Wallets market.

Online wallets are instrumental in driving the growth of the Metaverse Wallets market by offering accessible and flexible solutions for managing digital assets within virtual spaces. These wallets operate through web-based platforms, allowing users to access their funds and conduct transactions from any internet-connected device. The convenience of online wallets facilitates real-time transactions, enabling users to participate actively in the metaverse’s dynamic economy. Furthermore, online wallets often integrate with various metaverse platforms, providing interoperability and ease of use across different virtual environments. The scalability and adaptability of online wallets make them suitable for a wide range of users, from casual participants to serious investors. As the metaverse continues to evolve, the reliance on online wallet solutions grows, driving the expansion of the Metaverse Wallets market.

Individuals play a crucial role in driving the growth of the Metaverse Wallets market by being the primary users and adopters of these digital financial tools. As more people engage with the metaverse for social interaction, gaming, and commerce, the need for secure and efficient wallet solutions becomes essential. Individuals seek metaverse wallets to store, manage, and transact their digital assets, including cryptocurrencies, NFTs, and virtual goods. The increasing awareness and understanding of blockchain technology and digital finance among the general population further boost the adoption of metaverse wallets. Additionally, the desire for ownership and control over digital assets motivates individuals to invest in metaverse wallets, fostering a robust user base and driving market growth. The continuous expansion of individual participation in the metaverse underscores the importance of metaverse wallets in facilitating seamless digital interactions and transactions.

Metaverse wallets incorporate advanced encryption techniques and multi-factor authentication to safeguard against unauthorized access and cyber threats. The increasing incidents of digital fraud and theft in virtual environments highlight the need for secure wallet solutions that ensure the integrity and confidentiality of user data. Additionally, privacy features that allow users to control their personal information and transaction history enhance trust and confidence in metaverse wallets. This in turn will drive the Metaverse Wallets market growth.

Integration with blockchain technology is a key factor driving the growth of the Metaverse Wallets market, as it enhances the transparency, security, and efficiency of digital transactions. Blockchain provides a decentralized and immutable ledger that ensures the authenticity and traceability of transactions conducted through metaverse wallets. This integration facilitates seamless peer-to-peer transactions, smart contract execution, and decentralized finance (DeFi) applications within the metaverse. The use of blockchain also reduces the reliance on intermediaries, lowering transaction costs and increasing the speed of asset transfers. Additionally, blockchain’s inherent security features protect against fraud and tampering, making metaverse wallets more reliable and trustworthy.

User experience is a critical factor driving the growth of the Metaverse Wallets market, as it directly impacts user adoption and satisfaction. Metaverse wallets are designed with intuitive interfaces and seamless navigation to ensure that users can easily manage their digital assets and perform transactions within virtual environments. Features such as one-click transfers, customizable dashboards, and real-time notifications enhance the usability and functionality of metaverse wallets.

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METAVERSE WALLETS MARKET SHARE:

North America leads the market, driven by its advanced technological landscape, high adoption rates of blockchain and cryptocurrency technologies, and significant investments in metaverse development by major tech companies.

Europe follows closely, with strong regulatory support, a growing number of blockchain startups, and increasing interest in virtual economies and digital assets.

The Asia-Pacific region is experiencing rapid growth, fueled by the expanding gaming industry, rising smartphone penetration, and substantial investments in metaverse platforms in countries like China, South Korea, and Japan.

Key Companies:

EnjinCoinbaseMath WalletCoinomiTrust WalletConsenSys(Metamask)Alpha Wallet

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Metaverse Market

– Development Trends and Application Analysis of the Metaverse

– Metaverse Games Market was estimated to be worth USD 125 Million in 2023 and is forecast to a readjusted size of USD 2016.1 Million by 2030 with a CAGR of 48.5% during the forecast period 2024-2030.

– Metaverse Cybersecurity market was valued at USD 1260 Million in 2023 and is anticipated to reach USD 2832.4 Million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.

– Metaverse Devices and Accessories Market

– Metaverse Virtual Platform market was valued at USD 1221 Million in 2023 and is anticipated to reach USD 3305.7 Million by 2030, witnessing a CAGR of 15.3% during the forecast period 2024-2030.

– 5G Network for Metaverse Market

– Metaverse in Intelligent Healthcare Market was estimated to be worth USD 1153 Million in 2023 and is forecast to a readjusted size of USD 4798.3 Million by 2030 with a CAGR of 22.6% during the forecast period 2024-2030.

– Agricultural Metaverse Market

– NFTs in Metaverse Market was estimated to be worth USD 242 Million in 2023 and is forecast to a readjusted size of USD 1158.9 Million by 2030 with a CAGR of 25.9% during the forecast period 2024-2030.

– Industrial Metaverse Market was estimated to be worth USD 10250 Million in 2023 and is forecast to a readjusted size of USD 723700 Million by 2030 with a CAGR of 95.4% during the forecast period 2024-2030.

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