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LG’S EFFICIENT HVAC SOLUTIONS SELECTED FOR MAJOR LOGISTICS HUB IN SINGAPORE

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Company Supplies State-of-the-art Multi V™ i System to Landmark Commercial Project, Strengthening HVAC Leadership in Southeast Asia

SEOUL, South Korea, April 3, 2025 /PRNewswire/ — LG Electronics (LG) has supplied its state-of-the-art Multi V™ i, a variable refrigerant flow (VRF) solution featuring an advanced AI engine, to a newly constructed 59,800-square-meters logistics center in the Singapore’s Tuas area. This milestone project underscores LG’s commitment to expanding its heating ventilation and air conditioning (HVAC) business in Southeast Asia.

To achieve the highest level of the Building and Construction Authority’s Green Mark certification program – specifically the Green Mark Platinum (Super Low Energy) rating – the logistic center required an exceptionally efficient and comprehensive HVAC solution. LG distinguished itself by presenting a tailored package that optimally meets the client’s specific needs. To further enhance the already outstanding performance and energy efficiency of the Multi V i, LG integrated its proprietary inverter compressor and a larger heat exchanger.

LG Multi V i intelligently adapts to environmental conditions, optimizing operation while minimizing unnecessary energy consumption. It incorporates LG’s industry-leading HVAC innovations, including HiPOR™ (High Pressure Oil Return) technology, which ensures peak efficiency during part-load operation by improving operational stability, even in challenging conditions. The heat exchanger, enlarged by over 10 percent, accelerates cooling and heating response times, while dual inverter compressors promote increased durability, energy savings and overall efficiency. Moreover, LG’s proprietary energy management tools, including real-time Coefficient of Performance monitoring, provide actionable insights to help building operators reduce HVAC energy consumption without sacrificing performance.

As Singapore strengthens its position as a key regional and global logistics hub – with transportation and storage accounting for over 10 percent of its GDP as of 2022 – the demand for energy-efficient solutions in large-scale logistics operations is steadily increasing. LG estimates that the HVAC market for logistics centers in Singapore is valued at approximately USD 25 million annually, with further growth expected in the coming years. By supplying its advanced Multi V i system, LG is well positioned to accelerate its HVAC expansion across Southeast Asia, where sustainability-focused building initiatives are gaining traction in countries such as Indonesia and Malaysia.

“Precise Development Pte Ltd is thrilled to collaborate with LG to deliver this best-in-class facility,” said Mr. Peh Chong Eng, Group CEO of Precise Development Pte Ltd. “LG’s cutting-edge technology, combined with their attention to detail and responsiveness to our needs, sets them apart from other equipment suppliers. We highly recommend LG air solutions for any project.”

“Fidecs is proud to achieve the BCA Green Mark 2021 Platinum Super Low Energy certification by integrating LG’s high-efficiency VRF system,” said Ervin Chng, Director of Business Development at Fidecs Engineering Pte Ltd. “This milestone demonstrates our commitment to sustainable building solutions and sets a new benchmark for energy efficiency in Singapore.”

“LG Multi V i exemplifies our dedication to creating innovative, energy-efficient solutions that address the changing needs of our clients,” said Jaeseung Kim, Regional CEO of LG Electronics Asia Pacific. “Aligned with Singapore’s Green Mark certification and the growing sustainability initiatives in Southeast Asia, including Indonesia and Malaysia, we are committed to pursuing HVAC opportunities tailored to the specific needs of the region.”

About LG Electronics Eco Solution Company

The LG Eco Solution Company (ES) offers advanced air conditioning solutions, including chillers, for diverse sectors and climates. Committed to exceptional HVAC performance, the ES Company enhances comfort and health with innovative air care products. Leveraging deep industry expertise, it offers digitalized HVAC solutions designed to lower environmental impact. As a trusted partner, the company integrates cutting-edge technology into daily operations while offering ongoing support. Beyond HVAC, the ES Company also leads LG’s electric vehicle charging business, driving B2B growth in the clean tech sector – one of LG’s key future areas. For more information, please visit www.lg.com/global/business/hvac and www.LG.com/b2b.

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SOURCE LG Electronics

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Surpassing Quantitative Think Tank Center Advances AI-Blockchain Integration Under the Leadership of Will Sage Astor

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Surpassing Quantitative Think Tank Center strengthens its role as a leader in the convergence of blockchain and artificial intelligence, advancing global knowledge, technical innovation, and collaborative research ecosystems.

DALLAS, April 11, 2025 /PRNewswire-PRWeb/ — Surpassing Quantitative Think Tank Center is reinforcing its position as a pioneer in the integration of blockchain technology and artificial intelligence, focusing on the development of decentralized intelligence frameworks and secure computation models. Through consistent investment in interdisciplinary research and engineering, the center is creating systems designed to meet the evolving challenges of the digital era.

At the heart of the center’s mission is a commitment to technical innovation driven by real-world applicability. Research initiatives are structured around modular, scalable, and open technologies capable of operating across global digital infrastructures. By designing interoperable protocols and intelligent coordination systems, the center enables seamless communication between autonomous agents, distributed databases, and algorithmic logic engines.

The organization fosters collaboration between computer scientists, system architects, and AI ethicists to develop reliable and transparent platforms. Emphasizing explainability, system integrity, and accountability, these platforms are built to meet high standards of technical performance while maintaining adaptability across diverse applications, including governance automation, supply chain intelligence, identity systems, and privacy-preserving data processing.

Beyond research and development, Surpassing Quantitative Think Tank Center places a strong emphasis on education, outreach, and talent cultivation. The center provides workshops, technical labs, and training programs that allow students, engineers, and domain experts to gain hands-on experience with blockchain-integrated AI technologies. These educational efforts are designed to bridge the gap between academic theory and technological practice, fostering a new generation of ethically grounded technologists.

The center also operates with a decentralized philosophy, emphasizing transparency and inclusivity in its collaborative ecosystem. By incorporating feedback mechanisms and open-source engagement models, Surpassing Quantitative Think Tank Center builds community-driven momentum around its projects. Contributors from various disciplines and regions are encouraged to participate in research discussions, protocol development, and platform testing, creating a collective innovation culture.

One of the center’s key strengths lies in its long-term perspective. Rather than focusing on isolated applications, its research aims to develop foundational systems with the flexibility to evolve over time. This includes infrastructure for agent-based networks, consensus algorithms that incorporate machine learning models, and self-adaptive systems that respond to changes in data environments or user behaviors.

Looking ahead, the center intends to deepen global cooperation through partnerships with universities, independent labs, and decentralized networks. Upcoming initiatives include the launch of a multilingual education series, expansion of international knowledge-sharing events, and publication of key findings in peer-reviewed technical journals. These efforts aim to raise global awareness of responsible AI-blockchain integration and promote best practices in secure and decentralized system design.

Surpassing Quantitative Think Tank Center continues to serve as a catalyst for technological advancement, combining rigorous research with collaborative innovation. By pushing the boundaries of AI and blockchain convergence, the center contributes to a future where intelligent systems are not only powerful but also trustworthy, inclusive, and adaptable to global needs.

Media Contact

Hannah Richardson, Surpassing, 1 514-705-6403, service@surpassingbot.com, https://surpassingbot.com/

View original content:https://www.prweb.com/releases/surpassing-quantitative-think-tank-center-advances-ai-blockchain-integration-under-the-leadership-of-will-sage-astor-302424289.html

SOURCE Surpassing

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Truecaller’s board propose dividend and cancellation of repurchased shares

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STOCKHOLM, April 11, 2025 /PRNewswire/ — The Board of Directors of Truecaller has resolved to propose a dividend of SEK 1.70 per share for the financial year 2024, a cancellation of more than 3.9 million repurchased shares, and that the Annual General Meeting authorizes the Board to repurchase up to 10 percent of the outstanding shares following the AGM.

Given Truecaller’s stable profitability, the Board decided in 2024 to introduce a dividend policy whereby 25 percent of the year’s net profit shall be distributed to shareholders. For the financial year 2024, this corresponds to SEK 0.37 per share. In addition, the Board is proposing an extra dividend of SEK 1.33 per share. The Board considers that the company, even after such a distribution, will retain a financial strength well aligned with the company’s expected future needs for stability and strategic flexibility. As of year-end, Truecaller’s cash and investments in short-term interest funds amounted to approximately SEK 1,324 million. The total proposed dividend amounts to just over SEK 580 million.

“The Board intends to continue returning capital to shareholders through both dividends and potential future share buybacks. In light of Truecaller’s strong financial position, profitability, and cash flow, we are once again proposing a larger dividend to achieve a more capital-efficient financial structure. Our profitability and robust cash flows enable us to fund both continued growth and the distribution of profits to our shareholders through buybacks and dividends,” says Nami Zarringhalam, Chairman of the Board at Truecaller.

If the dividend proposal is approved by the AGM, Truecaller will have returned over SEK 2.2 billion to shareholders through buybacks and dividends since its IPO in 2021, as shown in the table below.

SEK
millions

Dividend

Share
buybacks

Total

2022

182

182

2023

660

660

2024

590

242

832

2025

580*

0**

580

Total

1.170*

1.084**

2.254

 * Refers to proposed dividend
** Refers to amount as of the date of this press release

The full notice and other proposals for the Annual General Meeting on May 23 will be published through another pressrelease and will be available on Truecaller’s website.

For more information, please contact:

Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-s-board-propose-dividend-and-cancellation-of-repurchased-shares,c4134646

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SOURCE Truecaller AB

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Temu Recognized in Spain for Innovation in E-Commerce

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BARCELONA, Spain, April 11, 2025 /PRNewswire/ — Temu has been recognized with the “eCommerce of the Year” award at the eAwards 2025 for excellence in innovation, design, strategy, and results.

The awards ceremony took place at eShow Next 2025 at the Fira de Barcelona, an annual event that highlights the best companies, strategies, and executives in the e-commerce and digital marketing sectors on April 10. The eAwards recognize innovations developed by leading companies in Spain, as well as their excellence, professionalism, and commitment to research and development—all aimed at improving the shopping experience for users.

Temu has been growing in popularity since it began serving consumers in the European Union two years ago. In Spain, more than 90% of Temu customers say the platform offers excellent value for money, according to a recent study by IPSOS commissioned by Temu . The report also shows that 89% of Spanish respondents believe higher prices do not necessarily mean better quality, citing affordability, variety, and positive past experiences as the main reasons for recommending Temu.

“Temu gives Spanish consumers the choice of affordable products without compromising on quality,” said a Temu spokesperson. “We are also welcoming more local sellers onto our platform, which will expand the selection of local products and enable faster delivery.”

Temu launched in its first European markets two years ago and has gained popularity with consumers thanks to its affordable, quality products—made possible by connecting consumers directly with manufacturers and distributors.

The company expects its local-to-local model to account for 80% of European sales and to support local sellers in expanding into new markets through the platform.

About Temu:

Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands, and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

Photo – https://mma.prnewswire.com/media/2662022/Photo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/temu-recognized-in-spain-for-innovation-in-e-commerce-302425866.html

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