ALTAVA Enters into Partnership with Hyundai Department Store
SEOUL, KOREA, Aug 9, 2022 – (ACN Newswire) – ALTAVA Group, the leading luxury fashion metaverse, signs an MOU with Hyundai Department Store, one of South Korea’s three largest department store chains, in order to strengthen their Web3 presence.
Hyundai was the first department store in Korea to launch a digital wallet when the company announced H.NFT wallet earlier this year. H.NFT, can be accessed through Hyundai Department Store Group’s H.Point app, a membership service offered by all subsidiaries in the group.
“ALTAVA is one of the leaders when it comes to helping leading luxury brands to connect to Web3. This cooperation will strengthen the utility and add premium value for our H.NFT wallet and its users,” said a representative from Hyundai Department Store.
“Hyundai Department Store plans to issue NFTs containing information on promotional events and VIP lounge access, and collaborate with artists to create tokenized digital art. We are excited to work closely with them to bring additional content and services to their customers,” said Andy Ku, ALTAVA Group CEO/Co-Founder.
About ALTAVA Group
ALTAVA Group is a Singapore-based company with offices in Seoul, Ho Chi Minh City, London, and Paris. ALTAVA is the luxury fashion metaverse that enable users to discover, interact, and express themselves through hi-fidelity avatar. The Company operates WOY (World of You), a meter verse that provides omni-platform experiential solution which seamlessly connect consumers to real-world and virtual world for high-end luxury brands and discerning partners.
Link to ALTAVA Social Media/ Website
Announcement Telegram: https://t.me/altavaofficial
Telegram Chat: https://t.me/altavachat
Discord: discord.gg/altava
Twitter: twitter.com/altavagroup
Medium: medium.com/@altavagroup
Facebook: https://www.facebook.com/altavagroup
Linkedin: https://www.linkedin.com/company/altava
Instagram: https://www.instagram.com/altavagroup/
Japan Telegram: https://t.me/altavajapan
Japan Twitter: https://twitter.com/altavagroupjp
PR/Media Contact
Oh Thongsrinoon, ALTAVA
Email: media@altava.com
Company Headquarter: 6 Eu Tong Sen Street #11-1OU, The Central, Singpore 059817
Website: https://altava.com/
SOURCE: ALTAVA
Topic: Press release summary
BASF enters power agreements for clean energy supply of more than 20 BASF sites across the United States
WEBWIRE – Friday, August 5, 2022
- BASF enables renewable energy projects by signing VPPAs totaling 250 MW
- Energy supply for more than 20 manufacturing sites will be offset with solar and wind power
- Share of renewable energy will rise to more than 25% of BASFs total electricity consumption in North America
BASF is committed to renewable energy solutions to power its sites across the United States and has entered into virtual power purchase agreements (VPPAs) for wind and solar power totaling 250 megawatts (MW). They are designed to offset the carbon-intensive grid-supplied electricity being used at more than 20 of BASFs manufacturing sites in several states across the country, from Texas to Michigan.
Renewable energy is an essential tool to reach BASFs ambitious goal of net zero emissions by 2050, said Michael Heinz, Member of the Board of Executive Directors, BASF SE and Chairman and CEO of BASF Corporation. We are committed to further improving our energy footprint in the region and we are eager to drive the energy transition for chemical manufacturing in North America.
The combined agreements for the output of 250 MW of renewable generation capacity will result in the purchase of more than 660,000 megawatt hours (MWh) of electricity per year the equivalent of electricity consumed by more than 90,000 average U.S. households. Based on EPA estimates, the VPPAs will offset more than 472,500 metric tons of CO2 emissions annually. With these agreements in place, the share of renewable energy in BASFs total North American electricity consumption will rise to more than 25%.
These agreements help us reach our clean energy goals in areas where the local electric utility does not supply adequate renewable power, said Tobias Dratt, President, BASF North America. At the same time, our financial commitment enables the realization of large solar and wind power projects and adds clean energy to the grid.
To realize its ambitious emission goals, BASF is collaborating with various partners who are driving the sustainable change of the energy sector. The chemical company will purchase 100 MW of power generated by Dawn Solar. An additional 150 MW of renewable energy capacity will be added through transactions with EDF Energy Services.
Last year, a collaboration with EDF Energy Services added 35 MW of wind capacity to the energy mix for BASFs manufacturing sites in Freeport and Pasadena, Texas. In another joint project with EDF Renewables, BASFs property in Toms River became home to New Jerseys largest solar project and the largest solar project built on a Superfund site in the United States.
BASF aims to reduce its greenhouse gas emissions by 25% compared with 2018 by 2030 and achieve net-zero emissions by 2050. One important lever to bring down emissions is to replace fossil-based electricity with fossil-free electricity. BASF aims to secure the required amounts of renewable power it needs through a make and buy approach.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of 78.6 billion in 2021. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
On July 21, BYD AUTO JAPAN Inc., a branch of BYD Company Limited in Japan, announced its entry into the passenger vehicle market in Japan debuting three models – BYD ATTO 3, BYD DOLPHIN and BYD SEAL. Wang Chuanfu, Chairman and President of BYD, Liu Xueliang, General Manager of BYD Asia-Pacific Auto Sales Division, Atsuki Tofukuji, Chairman and General Manager of BYD AUTO JAPAN, and other guests attended the conference. These three electric vehicles will bring more choice and vitality to the EV market in Japan, delivering a safe, comfortable and green driving experience. ATTO 3 is expected to go on sale in January. The DOLPHIN and SEAL respectively will be available for purchase in the middle and second half of 2023. BYD Chairman and President Wang Chuanfu acknowledged BYD’s long relationship with the Japanese market and said he greatly appreciates the opportunity to grow. “Over the years, BYD has been deeply engaged in the Japanese market and has accumulated a good market and brand foundation through its pure electric buses, energy storage systems, pure electric forklifts and other businesses,” Wang said. “Today, with the support and expectation of consumers, BYD officially hits the new energy passenger vehicle market in Japan. The longest journey starts with a single step, and we greatly cherish this business opportunity. Full of respect and dedication, we are devoted to providing Japanese consumers with leading technologies, excellent products and high-quality services, aiming to deliver an exceptional travel experience.” General Manager of BYD Asia-Pacific Auto Sales Division Liu Xueliang unveiled BYD’s slogan for the market — “Hello e-life.” BYD started serving Japanese customers with rechargeable batteries in 1999. Later, BYD provided the local market with new energy storage products, solar energy products, pure electric buses, pure electric forklifts and other products to help Japan achieve green and sustainable development. Since the delivery of the first batch of zero-emission buses to Kyoto in 2015, the excellent performance of BYD’s pure electric buses have won the approval and support of Japanese customers. Large-scale operation has been achieved in cities including Fukushima, Tokyo, Kyoto, Osaka, Nagasaki and Okinawa. EVs are effective solution for Japan to reduce oil dependence, improve air quality and promote the implementation of “Green Growth Strategy Through Achieving Carbon Neutrality in 2050.” About BYD BYD (Build Your Dreams) is a multinational high-tech company devoted to leveraging technological innovations for a better life. BYD now has four industries including Auto, Electronics, New Energy, and Rail Transit. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and has become a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem, comprising affordable solar power generation, reliable energy storage, and cutting-edge electrified transportation, has made it an industry leader in the energy and transportation sectors. BYD is a Warren Buffet-backed company and is listed both on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com. Contact:BYD Enters the Passenger Vehicle Market in Japan, Ushering in a New Era
Asia-Pacific: Mia Gu, mia.gu@byd.com tel: +86-755-8988-8888-69666
Europe: Penny Peng, PressEU@byd.com tel: +31-102070888
North America: Frank Girardot, frank.girardot@byd.com tel: +1 213 245 6503
Latin America: Sofίa Mardones, sofia.mardones@byd.com tel: +56 9 9821 6851
Brazil: Adalberto Maluf, adalberto.maluf@byd.com tel: +19 3514 2554
Africa: Nikki Li, li.namin@byd.com tel: +86-18938862670
BYD
Kelsey Cone
661-436-0513
byd.com
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HG Semiconductor Enters into Cooperation Framework Agreement with China Titans Energy
HG Semiconductor Limited (“HG Semiconductor”, together with its subsidiaries, “the Group”; stock code: 6908.HK) is pleased to announce that the Group entered into a cooperation framework agreement (“Cooperation Framework Agreement”) with China Titans Energy Technology Group Co., Limited (“China Titans Energy”; Stock Code: 2188.HK) on 31 May 2022, to commence three-year strategic cooperation.
China Titans Energy focuses on the development of power electronics, aiming to use the advanced technology of power electronics and automation control to address the needs of power transformation, supervision, controlling, optimisation, energy-saving and new energy utilization. Pursuant to the Cooperation Framework Agreement, the Group and China Titans Energy intend to cooperate on fast charging pile technology promotion and product sales in Mainland China and Hong Kong, to promote complementarity between the strength of both parties in their respective business areas:
i) China Titans Energy will provide support for the Group to build advanced fast charging pile products, run fast charging pile services in Hong Kong and jointly launch fast-charging system solutions. Both parties will leverage the unique advantage of the Group in being in cooperation with a statutory body in Hong Kong, to jointly promote the development of the Hong Kong smart city and provide upgrades to the electric vehicles and charging facilities in Hong Kong, so as to achieve the international standard of 400 kilowatts direct current charging, data on the cloud, safety monitoring etc for smart management. The new energy fast charging solution is expected to become a pioneer solution in Hong Kong and will help to create a new local business model and investment opportunities, such as constructing a vehicle-to-grid (V2G) energy network, distributed energy storage and grid-level direct current electrical substation;
ii) both parties will cooperate in the research and development of the new generation fast charging piles using the third-generation semiconductor technology provided by the Group; and
iii) HG Semiconductor will engage China Titans Energy for the manufacture of, and supply the Group’s customers in Mainland China and Hong Kong with, the new generation fast charging piles under the brand of the Group.
The “New-Energy Vehicle Industry Development Plan for 2021-2035” under the Fourteen Five-Year Plan of China has deployed five strategic tasks, including i) improving technological innovation capability, ii) constructing a new industrial ecology, iii) promoting industrial integration development, iv) improving the infrastructure system, and v) deepening open cooperation; at the same time the development plan explicitly pointed out the necessity of establishing a technological innovation system with enterprises as the main body, strengthening the infrastructure such as charging and replacing, while the battery management system and batteries are also recognized as one of the key development technologies. Meanwhile, the Hong Kong government also announced the roadmap for the popularization of electric vehicles, aiming to achieve zero emissions for all vehicles by 2050, so that Hong Kong can move towards the vision of zero carbon emissions, clean air and a smart city in an orderly manner. In recent years, the Hong Kong government has been actively promoting “re-industrialisation” and the development of advanced manufacturing industries based on new technologies and intelligent production, which has injected a steady stream of impetus into the development of the third-generation GaN business in the city.
The management of the Group is delighted to have China Titans Energy as its strategic partner to advance the re-industrialisation of Hong Kong’s next-generation semiconductor industry and the development and construction of smart cities in Hong Kong. The Group has obtained six fast-charging battery system patents in 2021 for charging stations, charging conversion systems, charging modules and fast-charging equipment for electric vehicle charging stations. The Cooperation marks the gradual progress of HG Semiconductor towards the goal of harvesting, providing the Group with the opportunity to commercialize its fast-charging battery products under its own brand in Mainland China and Hong Kong, and accelerating the pace of achieving production capacity. With the growing popularity of electric vehicles in Mainland China and Hong Kong, there is a promising business prospect for the development and commercialization of next-generation charging piles in both places. The Group will strive to explore opportunities of establishing a business presence in Hong Kong for fast charging battery solutions and is confident that it will pioneer revolutions and drive new trends within the industry.
About HG Semiconductor Limited
HG Semiconductor Limited (6908.HK) is principally engaged in the semiconductor product business in China, including the design, development, manufacturing, subcontracting services and sales of light-emitting diode (“LED”) beads, new generation of semiconductor gallium nitride (“GaN”) chips, GaN components and related application products, as well as fast charging products. Leveraging its industry expertise in LED manufacturing, the Group is dedicated to accelerating its research and development and expansion in the application of GaN related products, with an aim to become a leading semiconductor company with the integration of design, manufacturing and sales of semiconductor chips, as well as providing total solutions with higher efficiency and competitive system cost.
For more details, please visit www.hg-semiconductor.com
Topic: Press release summary
Boeing Enters 737 MAX MRO Agreement with Spirit AeroSystems
The new agreement expands Boeings Maintenance, Repair and Overhaul (MRO) footprint and enhances the service offerings for the global 737 MAX fleet
DALLAS – WEBWIRE – Tuesday, April 26, 2022
Boeing Global Services announced a new agreement with Spirit AeroSystems, Inc. and its affiliates to combine aftermarket resources, expanding the MRO footprint in support of nacelle and flight control repairs for the global 737 MAX fleet. The agreement will enhance Boeing support for nacelle and flight control surface removals with a more robust MRO footprint while combining Boeings industry-leading asset pool with the hands-on repair experience of Spirit AeroSystems.
With this agreement, Boeing Global Services is strategically positioned to assist all 737 MAX operators by providing lease and exchange programs to respond quickly to unforeseen events, said Mini Desai, vice president of Commercial Spares and Managed Parts, Boeing Global Services. Our business serves our customer base beyond the sale of aircraft, and now we can expand lease and exchange support for aerostructures with Spirit AeroSystems.
Spirit AeroSystems has extensive experience with the 737 MAX as the original production manufacturer of the fuselage, thrust reverser, slats, and flaps. This will be the first pooling program Boeing has offered for these specific high value large structural parts. The offering was developed to expand Boeings parts services options in response to customer needs.
Spirit is thrilled to be selected by Boeing Global Services as its global partner for 737 MAX aerostructures repair, including Nacelles and Flight Control Services, said Kailash Krishnaswamy, senior vice president of Aftermarket Services for Spirit. Over the last three years, we have expanded from a single MRO center in Wichita to five MRO centers on four continents, which will allow us to serve Boeings global customers locally. This strategic partnership will allow us to provide customized, high-quality MRO solutions at industry leading turn-around times for our customers 737 MAX nacelles and flight controls.
About Spirit AeroSystems
Spirit AeroSystems is one of the worlds largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets. With expertise in aluminum and advanced composite manufacturing solutions, the companys core products include fuselages, integrated wings and wing components, pylons, and nacelles. We are leveraging decades of design and manufacturing expertise to be the most innovative and reliable supplier of military aerostructures, and specialty high-temperature materials, enabling warfighters to execute complex, critical missions. Spirit also serves the aftermarket for commercial and business/regional jets. Headquartered in Wichita, Kansas, Spirit has facilities in the U.S., U.K., France, Malaysia and Morocco. More information is available at www.spiritaero.com
About Boeing
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeings diverse team is committed to innovating for the future and living the companys core values of safety, quality and integrity. Learn more at www.boeing.com.
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