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LG Innotek Unveils the Industry’s First Eco friendly and HRE Free Magnet with High efficiency

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Reduced dependence on certain countries for key raw materials, contributing to stabilizing the magnet supply chainSignificant reduction in environmental pollutants, marking a win for ESG-focused global customersDevelopment of rare earth-free magnets also underway, eliminating the need for even light rare earth elements

SEOUL, South Korea, Nov. 5, 2024 /PRNewswire/ — LG Innotek (CEO, Moon Hyuksoo) announced on November 5, 2024, that it has developed a ‘high-performance eco-friendly magnet’ with the world’s strongest magnetic force without using any Heavy Rare Earth (HRE) metals.

Magnets are essential parts of a variety of power-driven products, including smartphone actuators, vehicle motors, and audio speakers. The push and pull forces of magnets provide this power.

Until now, HRE metals have been used as a key material for magnets, essential for maintaining magnetic strength at high temperatures. However, these metals are primarily sourced from only a few countries, such as China, and are known to have high price fluctuations and supply instabilities due to geopolitical risks.

Additionally, the mining process generates severe environmental pollution. Therefore, developing HRE-free products has been considered an urgent challenge for the industry.

Industry-first alloy that replaces HRE metals

In 2021, LG Innotek introduced a magnet with 60% lower HRE metal content compared to previous magnets. The company’s newest product, however, does not use any expensive HRE metals, such as terbium (Tb) or dysprosium (Dy).

This achievement was made possible through collaboration with the Korea Institute of Materials Science, leading to the development of a pioneering multi-component alloy capable of replacing HRE metals. This alloy, uniformly pasted to each magnet and heated for even diffusion, resulted in the development of the ‘high-performance eco-friendly magnet’ recently unveiled by LG Innotek. The company’s ‘high-performance eco-friendly magnet’ boasts an industry-leading magnetic performance of 13.8kG (kilogauss, a unit of magnetic field strength).

Previously, HRE metals were considered necessary to increase the durability of magnets at high temperatures. However, the company’s ‘high-performance eco-friendly magnet’ boasts at temperatures up to 180℃ without using any HRE elements or expensive precious metals.

Reduced dependence on a single country for key raw materials, contributing to stabilizing the magnet supply chain

China and a few other countries dominate the global market for HRE metals, controlling global supply and demand. Recently, the price of HRE metals has fluctuated significantly as certain countries have taken steps to adjust the supply.

According to the Korea Mineral Resource Information Service (KOMIS), the price of terbium has surged by 331% in four years, rising from USD 900/kg on September 28, 2020, to USD 2,983/kg on February 21, 2022. Dysprosium has also seen increases of up to 189% over the past four years. Such extreme fluctuations in HRE prices are a risk factor that could lead to disruptions in magnet production.

With the development of its ‘high-performance eco-friendly magnet’, LG Innotek is able to contribute to stabilizing the magnet supply chain by significantly reducing its dependence on certain countries for HRE metals.

By eliminating the need for HRE metals, the company is also able to reduce the cost of raw materials required for magnet production by 60%.

Significant reduction in environmental pollutants, marking a win for ESG-focused global customers

The ‘high-performance eco-friendly magne’t is also welcome news for major global customers who value eco-friendly technologies to minimize environmental pollution.

Study results show that mining one kilogram of HRE metals generates more than 0.5 tons of carbon dioxide (CO₂) and 450kg of acidic wastewater and radioactive substances.

LG Innotek’s ‘high-performance eco-friendly magnet’ eliminates the need for mining HRE metals, enabling global customers to significantly reduce environmental pollutants in their production processes. For example, using ‘high-performance eco-friendly magnets’ instead of conventional ones in electric vehicles can reduce the generation of environmental pollutants by about 45kg per vehicle.

LG Innotek plans to apply its ‘high-performance eco-friendly magnet’ to its products, such as smartphone actuators, to further enhance their price competitiveness.

In addition, it will actively promote the product to global automakers, automotive parts companies, and smartphone manufacturers to expand its application to sectors such as home appliances and robots.

LG Innotek Chief Technology Officer S. David Roh said, “LG Innotek is also developing rare earth-free magnets that use no heavy or light rare earths at all.” He went on to say, “We will continue to deliver distinguished customer value to our customers by introducing innovative materials and parts ahead of the curve.”

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HALLMARK VENTURE GROUP, INC. SECURES INITIAL $50,000 IN BRIDGE FINANCING AND WELCOMES NEW DIRECTOR

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30 mins ago

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November 5, 2024

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LAS VEGAS, Nov. 5, 2024 /PRNewswire/ — Hallmark Venture Group, Inc. (OTC: HLLK) (“HLLK” or the “Company”) is pleased to announce in an 8k filed today that it has secured $50,000 in initial bridge financing. This funding will drive the Company’s ongoing expansion in search engine marketing (SEM), support machine learning advancements, and facilitate key talent acquisition.

The Company is also excited to welcome Nick Cardosi as the newest member of its Board of Directors, strengthening its leadership team and enhancing its expertise.

Additionally, Hallmark Venture Group has moved its principal place of business to Las Vegas, Nevada, positioning the Company for further growth and market accessibility.

In partnership developments, HLLK has entered into an agreement with Creative Venture Capital LTD (“CVC”). Under this agreement, CVC will continue to introduce high-quality traffic to the Jubilee platform, with revenue-sharing arrangements in place to benefit both parties.

The Company has also formalized an Executive Compensation Agreement with its President and CEO, Evan Bloomberg. The 24-month agreement includes $1,000,000 in shares of Company common stock, an annual salary of $340,000, and a tiered performance bonus linked to quarterly revenue milestones.

About Hallmark Venture Group, Inc.

Hallmark Venture Group, Inc. (OTC: HLLK) is a digital marketing leader specializing in machine learning and AI solutions to automate and optimize ad campaigns. The Company’s platform provides real-time insights that maximize ROI with minimal manual intervention.

Through its subsidiary, Jubilee Intel, HLLK continues to pioneer advancements in digital marketing. The team is focused on cutting-edge projects to enhance keyword research, traffic quality, and time-series data analysis, all aimed at boosting efficiency and profitability for digital advertising campaigns.

Safe Harbor Statement

Safe Harbor This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may”,”would”, “will”, “estimate”, “can”, “believe”, “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in the Company’s filings with the Securities and Exchange Commission and/or OTC Markets.

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SOURCE Hallmark Venture Group, Inc.

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MedAdvisor Solutions Launches Telehealth Service on MedAdvisor Patient App, Further Enhancing Access to Care

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30 mins ago

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November 5, 2024

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Patients can now book virtual provider consultations within the App

MELBOURNE, Australia, Nov. 6, 2024 /PRNewswire/ — MedAdvisor Solutions, a global leader in pharmacy-driven patient engagement solutions, announced today that new Telehealth functionality is now available within the MedAdvisor App and is already being utilised by patients. Access to telehealth services was ranked as the 3rd most desirable feature by pharmacists, based on feedback from our extensive network of pharmacy partners1. Telehealth access via the App simplifies the patient healthcare journey, allowing patients to consult with providers and manage their prescriptions from anywhere, at any time.

This new feature in the MedAdvisor App allows patients to book virtual consultations with providers and receive eScripts following the consultation. The App also allows patients to pre-order medications from their preferred pharmacy and receive renewal reminders as needed.

The launch reflects MedAdvisor Solutions commitment to meet the evolving needs of patients and pharmacies across Australia, where more than 95,000 practitioners use Telehealth and 23% of appointments occur via Telehealth2. By making prescriptions, medication information and health services available through the MedAdvisor App patients can take a more active role in their healthcare journey, enhancing adherence and improving outcomes.

The feature allows for more seamless communication between patients, pharmacists, and providers, ultimately improving care coordination and eliminating barriers to medication adherence, such as geographic or time constraints.

“Providing seamless access to Telehealth services is a natural progression for the MedAdvisor app, providing a comprehensive resource for patients’ healthcare needs,” said Wayne Marinoff, President ANZ of MedAdvisor Solutions. “By enabling virtual consultations and eScript functionality, we are not only enhancing patient engagement and satisfaction, but also helping pharmacies streamline their operations and maintain strong patient relationships.”

To access the new Telehealth feature, patients can download the MedAdvisor App from the App Store or Google Play for free. After logging in, patients will have access to a wide range of healthcare services, including the ability to book virtual consultations with healthcare providers and receive eScripts directly within the App. The MedAdvisor App streamlines the entire healthcare journey, allowing patients to manage prescriptions, consult with professionals, and access medication reminders—all in one convenient platform.

Access to telehealth within the App aligns with the company’s commitment to enhancing access to care for patients across the country. Last year, MedAdvisor Solutions was chosen as the preferred software provider for the Expanded Scope of Practice initiatives. Today, more than 84,000 patients have received 88,400 services across 3,640 pharmacies. Additionally, 84% of pharmacies report being satisfied with MedAdvisor Solutions’ ability to help them expand the scope of health services in their pharmacy.1 By continuing to collaborate with our pharmacy partners and evolve our platform, MedAdvisor Solutions is helping to drive the future of patient-centric care.

About MedAdvisor Solutions
MedAdvisor Solutions is a global leader of pharmacy-driven patient engagement solutions that provide individualized patient experiences to simplify the patient medication journey. Our solutions utilise an empathetic, data-driven approach to engagement and an innovative, patient-centric digital experience that empower the pharmacy of the future and inspire lasting behaviour change. MedAdvisor Solutions works with over 37,000 pharmacies across the US, Australia & New Zealand to deliver our solutions to help patients take their medication safely and effectively.

In Australia, MedAdvisor Solutions has connected nearly 4 million patients through more than 95% of Australian pharmacies. MedAdvisor Solutions is on track to become one of the largest players to aid in the global transformation of the pharmacy of the future through digital patient engagement solutions. In 2018 and 2020, MedAdvisor Solutions was recognized in the AFR Fast 100 and in 2022, 2023 and 2024 received the Retail Excellence Award (REX) for Technology & Automation from Drug Store News.

www.medadvisorsolutions.com 

12023 internal MedAdvisor research of 459 pharmacists across 451 pharmacies in Australia
2Australian Government Department of Health and Aged Care, 6 October 2023, Does using telehealth affect our healthcare?

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SOURCE MedAdvisor Solutions

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MAJOR ANNOUNCEMENT: Louder with Crowder Joins ‘Rumble Premium’; MugClubbers Granted Full Access to Exclusive ‘Rumble Premium’ Features

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30 mins ago

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November 5, 2024

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Current MugClub members are grandfathered in and will now have full platform access that includes ad-free video viewing, exclusive content, a verified badge, and other benefits.New Subscribers will have the option to subscribe monthly for $9.99 or annually for $99.Donald Trump Jr. and Kimberly Guilfoyle are confirmed to be a part of Rumble Premium.This merge between MugClub and Rumble Premium ensures continued support for the ‘Louder with Crowder’ mission as well as increased quality services for MugClubbers.For more information on Rumble Premium, access https://rumble.com/premium.

DALLAS, Nov. 5, 2024 /PRNewswire/ — Louder with Crowder announced today that its member-only subscription service, MugClub, will join forces with Rumble Premium, as both organizations look to provide the highest quality services for their loyal audiences going into 2025.

Current MugClubbers will be granted full access to Rumble Premium features — which includes ad-free video viewing, exclusive content, a verified badge, among other benefits.

Subscribers can opt-in monthly for $9.99 or annually for $99, saving 17% compared to the monthly fee.

Louder with Crowder is excited about its continued partnership with Rumble to deliver the most unique and high-quality content to loyal subscribers.

Rumble has been a consistent defender of free speech, and the company’s success is proof that the American people support platforms that unwaveringly stand by the First Amendment.

This merge between MugClub and Rumble Premium ensures continued support for the ‘Louder with Crowder’ mission as well as increased quality services for MugClubbers.

Louder with Crowder CEO, Gerald Morgan Jr., expressed his enthusiasm about this announcement.

“From the beginning, Rumble and ‘Louder with Crowder’ wanted to create a place where you can pay one subscription fee and support all of the creators you love. With the launch of Rumble Premium, we are finally making that happen. Think Netflix combining with YouTube, this is going to be huge!”

For more information on Rumble Premium, access https://rumble.com/premium.

Louder with Crowder and Rumble will continue to share updates on this growing partnership as more benefits and features are added to enhance the subscriber experience.

Media Contact:  
comms@louderwithcrowder.com 

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SOURCE Louder With Crowder

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