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Toshiba and Naturenix Launch Demonstration Test of Battery Subscription Service for Electric Motorcycle Taxis in Bangkok

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– Developing markets in emerging economies by utilizing SCiB™*1 with long life performance in hot environments –

TOKYO, Oct. 31, 2024 /PRNewswire/ — Toshiba Corporation  and Naturenix Inc., a battery tech startup from Shimane University, have started a demonstration test of a battery subscription service for drivers of electric motorcycle taxis in Bangkok, Thailand on September 30, 2024.

In Bangkok, electric motorcycle taxis help people avoid traffic congestion, but face the problem of high temperatures that degrade battery performance and life. The demonstration test will use Toshiba rechargeable lithium-ion batteries “SCiB™”, known for reliable, long-life performance in high temperatures, to ensure extended stable operation of electric motorcycle taxis, eliminate the large initial investment in a battery, and to reduce running costs. Improved battery life will also reduce materials consumption and contribute to lower environmental impact.

Lithium-ion battery performance degrades in high temperatures. The problem is particularly pronounced in two- and three-wheeled vehicles, where it is difficult to add cooling mechanisms, especially in hot countries like Thailand. Expensive lithium-ion batteries often need to be replaced after only one or two years of use, making their use economically impractical and limited. There have also been accidents where batteries have caught fire, highlighting the need for batteries with high-level safety features.

While demand for lithium-ion batteries in emerging economies is expected to exceed 600GWh by 2035, only 2.8% of that is expected to be from lithium-ion batteries for motorcycles and three-wheeled vehicles, both widely used in daily transportation. The reasons for this low demand in a sector where batteries could play a major role degradation and safety issues. Solutions in these areas will help to unlock a significant market for batteries for motorcycles and three-wheelers.

Working with Windee International, a joint venture with a local parking management servicer, Naturenix will provide a battery replacement service for electric motorcycles. The demonstration test will use Toshiba’s battery SCiB™. It will be mounted with sensors that monitor its characteristics and the collected data will be transmitted to Naturenix for analysis with AI. User of the service will be asked to complete a questionnaire on the service. The company will also monitor carbon dioxide emissions and examine the effectiveness of the service in reducing environmental impacts. The data collected will determine the effectiveness of the service and support preparations for a wider roll out in FY2025.

The Toshiba’s battery SCiB™ used in the demonstration test is characterized by its long life and high level safety, with minimal performance deterioration even after over 20,000*2 charge-discharge cycles. This longevity is particularly important in hot environments like Thailand. It also has excellent safety features, making it less likely to experience abnormal heating or ignition, even in the event of an internal short circuit.

Naturenix’s packing and charging technologies minimize heat generation by reducing internal resistance to the extent possible. By utilizing these technologies, the company aims to achieve longer battery life and higher output, as well as faster recharging, in as short a time as six minutes. It also expects to reduce the number of batteries on standby for recharging, and by doing so cut the service operating costs.

This battery pack’s data analysis functions constantly monitor the state of the battery. This is communicated to AI that can provide highly accurate estimates of battery degradation. Depending on the degree of degradation, after use on e-motorcycles it can be reused in a number of applications, such as being converted to a stationary storage battery.

Through Fleet operators, Naturenix will lease batteries to its customers, electric motorcycle drivers, on a subscription model. It allows Fleet operators to provide electric motorcycles to their customers without the cost of the batteries, reducing initial costs that are high barrier to entry for electrification. As the battery manufacturer, Toshiba expects to generate sustained revenue from battery rentals, as well as from manufacturing and sales.

For this demonstration, Toshiba will supply SCiB™ and Naturenix will be responsible for development and manufacturing the battery packs. Both will work for asset management, system development, installation, and providing the subscription services to customers. Naturenix will also establish a subsidiary in Thailand in FY2025 to mass produce battery packs with SCiB™, with the aim of supplying batteries not only for electric motorcycles and three-wheeled vehicles, but also for forklifts and golf carts.

About Toshiba

Toshiba Corporation leads a global group of companies that combines knowledge and capabilities from almost 150 years of experience in a wide range of businesses—from energy and social infrastructure to electronic devices—with world-class capabilities in information processing, digital and AI technologies. These distinctive strengths support Toshiba in building infrastructure that everyone can enjoy, and a connected data society, and in achieving the Company’s ultimate goal, a future that realizes carbon neutrality and a circular economy. Guided by the Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future,” Toshiba contributes to society’s positive development with services and solutions that lead to a better world.

For more information, visit https://www.global.toshiba/ww/top.html or follow Toshiba Corporation on  LinkedIn.

About Naturenix

Naturenix is a start-up company that aims to create a world where nature and electronics coexist through the provision of battery longevity technologies and next-generation energy platforms. By collecting dynamic data on batteries in actual use and analyzing it with AI technology, the company promotes open innovation in batteries and ensures long-term use across multiple applications by guaranteeing asset value based on an understanding of battery use and degradation. For more information, please visit www.naturenix.co.jp

Note 1: SCiB™ is a trademark of Toshiba Corporation.

Note 2: Characteristics may vary with conditions of use.

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SOURCE Toshiba Corporation

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Nagarro and Marubeni Announce Global Partnership to Leverage Digital Technologies for Japanese Corporates

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MUNICH, Oct. 31, 2024 /PRNewswire/ — Nagarro, a leader in digital engineering, today announced a global partnership with Marubeni Corporation, one of Japan’s largest general trading companies. This collaboration aims to support Marubeni’s subsidiary companies and other Japanese corporations in transforming their businesses through Nagarro’s digital engineering expertise and unique Fluidic Enterprise offerings.

After months of discussions, Nagarro and Marubeni today concluded a Memorandum of Understanding, commencing a phase in which the model for the strategic partnership will be further explored and refined, with an initial go-to-market focus on the United States.

Noritaka Wakuda, Nagarro’s leader in Japan, said, “Nagarro and Marubeni will jointly identify digital-first opportunities at potential clients and seek to deploy the latest technology to elevate their responsiveness, efficiency, client- and employee-intimacy, creativity, and sustainability.”

Manas Human, Co-Founder of Nagarro, said, “Nagarro is privileged to have Marubeni as a key partner.  By bringing together the Marubeni Spirit and Nagarro’s CARING values, we believe we are uniquely positioned to deliver business value to our clients.”

As digital transformation technologies evolve rapidly, it is challenging for enterprises to adopt them to drive business success swiftly. With over two decades of global delivery experience, Nagarro exemplifies how agility and a global mindset can enhance operational efficiency and address gaps in firms facing the pressures and opportunities of technological advancements such as Big Data, AI, and cloud computing.

Marubeni recognizes the challenges required to navigate global delivery and embraces a collaborative approach that fosters responsiveness in meeting domestic and global customer demands. Consequently, the partnership between Nagarro and Marubeni to address the needs of two of the world’s largest IT services markets is a natural and strategic fit.

About Marubeni

Marubeni Corporation and its consolidated subsidiaries leverage extensive business networks both domestically and internationally to engage in a diverse array of activities, including importing and exporting, domestic business, and third-country trading. Their operations span various sectors, including lifestyle, IT solutions, food, agribusiness, forest products, chemicals, metals and mineral resources, energy, power, infrastructure projects, aerospace and shipping, finance, leasing and real estate, construction, industrial machinery and mobility, as well as next-generation business and corporate development.

Guided by the principles of ‘Fairness, Innovation, and Harmony,’ Marubeni is dedicated to social and economic development and the protection of the global environment through responsible corporate activities.

For more information, visit www.marubeni.com.

About Nagarro

Nagarro helps clients transform into fluid, innovative, digital-first companies, enabling them to succeed in their markets. The company is distinguished by its entrepreneurial spirit, agility, and global perspective, along with its CARING mindset and Fluidic Enterprise vision. Nagarro employs over 18,300 people in 37 countries. For more details, please visit www.nagarro.com.

FRA: NA9 (SDAX/TecDAX, ISIN DE000A3H2200, WKN A3H220)

For inquiries, please contact press@nagarro.com.

Photo: https://mma.prnewswire.com/media/2545657/Nagarro_Marubeni.jpg

 

 

View original content:https://www.prnewswire.co.uk/news-releases/nagarro-and-marubeni-announce-global-partnership-to-leverage-digital-technologies-for-japanese-corporates-302292637.html

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Crossover Markets Eliminates Commissions for Takers on USDT/USD and USDC/USD

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Fee relief to benefit brokers who accept stablecoins as funding for retail accounts, as well as other Taker clients on CROSSx Crypto ECN

LONDON, Oct. 31, 2024 /PRNewswire/ — Crossover Markets, a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the cryptocurrency markets and operator of the CROSSx crypto ECN, today announced that it will waive all commissions for Taker clients trading two popular stablecoin pairs, USDT/USD and USDC/USD, starting tomorrow, November 1, 2024. The announcement follows surging demand from retail brokers for CROSSx, the first and fastest ECN in the cryptocurrency markets.

“Retail brokers and industry participants without direct market access have faced significant fee pressure on their treasury trades to support stablecoins, with spreads and fees charged by payments providers and exchanges sometimes calculated in whole percentage points,” said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets. “Spreads across a range of pairs on our CROSSx crypto ECN are arguably the best in the world for retail trading, including for USDT/USD and USDC/USD. To further support our retail broker clients, we felt it best to eradicate commissions on the funding element for Taker participants.

Crossover’s mission is to drive down the cost of trading digital assets by focusing on speed, throughput and tailored liquidity via its ECN model. This approach has successfully supported spread compression on the CROSSx crypto ECN, which currently matches 99% of trades in under 10 microseconds and processes billions of quotes per day from liquidity providers.

Mulvihill added, “In addition to tight pricing, CROSSx also addresses the need for advanced best execution practices. Crossover looks at price, size, time and several behavioral characteristics of each market maker and re-ranks every market maker on each trade, in real time. These innovations foster a fairer and more competitive environment.”

About Crossover Markets

Crossover Markets is a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the cryptocurrency markets. CROSSx, the company’s execution-only cryptocurrency Electronic Communication Network (ECN), is powered by the industry’s fastest and most advanced matching engine and includes order logic that enables clients to choose with whom they want to trade. Led by a team with decades of FX trading, prime brokerage technology and artificial intelligence experience, Crossover is ushering the next big wave of institutions in the crypto market. For more information, visit www.crossovermarkets.com.

Media Contact
Forefront Communications for Crossover
crossover@forefrontcomms.com
+44 (0) 7375 288 641

View original content to download multimedia:https://www.prnewswire.com/news-releases/crossover-markets-eliminates-commissions-for-takers-on-usdtusd-and-usdcusd-302291874.html

SOURCE Crossover Markets

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Full Truck Alliance Co. Ltd. to Announce Third Quarter 2024 Financial Results on Wednesday, November 20, 2024

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Earnings Call Scheduled for 7:00 A.M. U.S. ET on November 20, 2024 

GUIYANG, China, Oct. 31, 2024 /PRNewswire/ — Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today announced that it will release its third quarter 2024 unaudited financial results on Wednesday, November 20, 2024, before the open of the U.S. markets.

The Company’s management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time on November 20, 2024 or 8:00 P.M. Beijing Time to discuss the financial results.

For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time.

Participant Online Registration:
https://dpregister.com/sreg/10193772/fdc4c9f64c 

Upon registration, each participant will receive details for the conference call, including dial-in numbers, passcode and a unique access PIN. To join the conference, please dial the provided number, enter the passcode followed by your PIN, and you will join the conference.

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until November 27, 2024:

United States:

+1-877-344-7529

International:

+1-412-317-0088

Replay Access Code: 

7190368

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at ir.fulltruckalliance.com.

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The Company provides a range of freight matching services, including freight listing, freight brokerage and online transaction services. The Company also provides a range of value-added services that cater to the various needs of shippers and truckers, such as financial institutions, highway authorities, and gas station operators. With a mission to make logistics smarter, the Company is shaping the future of logistics with technology and aspires to revolutionize logistics, improve efficiency across the value chain and reduce its carbon footprint for our planet. For more information, please visit ir.fulltruckalliance.com.

For investor and media inquiries, please contact:

In China:

Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com

Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: FTA@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/full-truck-alliance-co-ltd-to-announce-third-quarter-2024-financial-results-on-wednesday-november-20-2024-302292289.html

SOURCE Full Truck Alliance Co. Ltd.

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