Hitachi Energy Inks Agreements With Enowa, Saudi Electricity Company

KUALA LUMPUR, June 6 (Bernama) -- Hitachi Energy, a global technology leader advancing a sustainable energy future for all, has signed agreements under the supervision and management of the Ministry of Energy with the Saudi Electricity Company (SEC) and ENOWA.

The agreements include the supply of three high-voltage direct current (HVDC) transmission systems to end customer ENOWA, the utility company for NEOM in Northwest Saudi Arabia, in which the three HVDC links will have a total power capacity of up to 9 gigawatts (GW).

Built with sustainability in mind, NEOM is among Saudi Arabia’s Giga-Projects, reshaping the future of development.

“We are delighted to strengthen our collaboration with ENOWA and Saudi Electricity Company in order to power one of the most visionary development projects of all time,” said Hitachi Energy’s Grid Integration business Managing Director, Niklas Persson in a statement.

The agreements include an order from ENOWA’s engineering, procurement and construction management (EPCM) partner, the Saudi Electricity Company (SEC) awarded to Hitachi Energy and its consortium partner, Saudi Services for Electro Mechanical Works (SSEM).

This is to provide one of the world’s first 3 GW, 525 kilovolt (kV) HVDC Light transmission system connecting Oxagon, NEOM’s regional development, with the larger Yanbu area more than 650 kilometres away in Western Saudi Arabia.

Hitachi Energy’s scope of supply includes design, engineering, procurement of HVDC technology and commissioning of the HVDC Light converter stations.

Whilst SSEM, a leading Saudi EPC specialised in power, water and industrial projects, will design and supply the AC equipment portion and perform the construction and installation.

Further to this, Hitachi Energy and ENOWA have signed an early works and capacity reservation agreement for two additional HVDC projects, each rated up to 3 GW. Under this agreement, both companies commit to having the resources and capacity necessary to implement these two HVDC systems.

-- BERNAMA

VERSES RELEASES AI INDUSTRY REPORT "A PATH TO GLOBAL AI GOVERNANCE"

KUALA LUMPUR, June 6 (Bernama) -- VERSES AI Inc (VERSES), a cognitive computing company specialising in the next generation of artificial intelligence (AI), has released an AI industry report titled “THE ROAD TO AUTONOMY: A Path To Global AI Governance”, in June 2023.

The report combines the legislative expertise from Dentons, and the AI acumen of VERSES with the guidance on technical standards from the Spatial Web Foundation to provide an in-depth analysis of the legal and key legislative trends worldwide on the state of AI regulation and recommendations for a path forward for government regulation of AI.

“As AI evolves towards autonomous systems, the need for regulation becomes critical. We must address the challenge of regulating self-regulating AI to ensure alignment with human values and prevent potential risks.

“By implementing global technical standards and establishing an international AI regulatory framework, we can harness the immense benefits of AI while safeguarding against its potential perils,” said VERSES Chief Executive Officer, Gabriel René in a statement.

The report aspires to pioneer a fresh approach for legal practitioners, government regulators, and lawmakers, to keep pace with the rapid technological advancements and to guide their adaptation.

The critical aspect of the report is to promote the adoption of standards for what VERSES considers "law as code". The objective is to encode laws and legal principles into an understandable, machine-readable language that will facilitate the comprehension and autonomous compliance of AI systems with legal frameworks and social norms.

The report critically examines the transformative power of rapidly evolving technologies such as AI systems and their impending impact on legal, regulatory, and government sectors and accentuates the crucial need for developing and adopting standards that foster the understanding, governance, and interoperability of AI and autonomous systems.

The goal of the report is to provide governments, regulators and legislators with a pragmatic framework that not only informs but also provides a roadmap for policy making, legislation, and compliance efforts in the field of AI.

In summary, the report calls for a safe, effective, and inclusive journey down the "Road to Autonomy", ensuring that future AI systems are not just technically advanced but also aligned with the best interests of humanity, both now and in the future.

-- BERNAMA

AI-MEDIA TO UNVEIL AUTOMATIC CAPTIONING SOLUTION AT BROADCASTASIA IN SINGAPORE

KUALA LUMPUR, June 6 (Bernama) -- Ai-Media, has announced its presence at BroadcastAsia in Singapore from June 7-9, where it will unveil its ground-breaking LEXI 3.0 automatic captioning solution to the Asian market.

Previously launched to the North American market at NAB Show 2023, LEXI 3.0 is the new and improved version of Ai-Media’s flagship automatic captioning solution.

Powered by artificial intelligence (AI), LEXI 3.0 is the world’s most accurate and advanced automatic captioning solution, delivering results that rival human captions at a fraction of the cost.

According to a statement, during the BroadcastAsia, Ai-Media will also showcase its comprehensive range of captioning technology that boasts seamless integration with LEXI 3.0.

Among the featured products is the new LEXI Viewer, an innovative HD-SDI device that empowers event organisers to effortlessly enhance accessibility by streaming captions to in-venue displays.

Additionally, the company will highlight its range of captioning encoders that ensure high quality distribution of audio and video via its iCap Cloud Network, the world’s largest, most secure caption delivery network.

Founded in Australia in 2003, technology company Ai-Media is a global leader in the provision of high-quality live and recorded captioning, transcription and translation solutions.

-- BERNAMA

MEDAIRE PARTNERS WITH STARLUX AIRLINES TO PROVIDE COMPREHENSIVE IN-FLIGHT MEDICAL ASSISTANCE AND ACCESSIBILITY TRAINING

The partnership includes comprehensive Complaints Resolution Official (CRO) training on the Air Carrier Access Act (ACAA), MedLink in-flight medical support, and Passenger Fit-to-Fly support.

Phoenix, Arizona, June 1 (Bernama-GLOBE NEWSWIRE) -- MedAire, a global provider of in-flight medical and aviation security solutions, is pleased to announce a new partnership with STARLUX Airlines, Taiwan's rapidly growing international airline. The partnership includes comprehensive Complaints Resolution Official (CRO) training on the Air Carrier Access Act (ACAA), MedLink in-flight medical support, and Passenger Fit-to-Fly support.

"STARLUX Airlines is committed to providing a premium service to our passengers while ensuring their safety and comfort. Partnering with MedAire enables us to achieve this goal while maintaining compliance with international regulations," said Brian Lin, Chief Corporate Safety Officer of STARLUX Airlines. "MedAire's expertise in training and medical support services makes them the perfect fit for our expanding operations."

The partnership commenced in December 2022 with in-person meetings and workshops in Taipei, where MedAire demonstrated its ability to meet STARLUX's needs and improve operational efficiency. In addition, MedAire's ACAA/CRO Train-the-Trainer program was instrumental in preparing STARLUX for the recent launch of its Taipei-Los Angeles route.

Bill Dolny, CEO of MedAire, said, "We are thrilled to partner with STARLUX Airlines, a forward-thinking and ambitious airline that shares our commitment to safety and quality. Our collaboration ensures STARLUX complies with ACAA regulations on top of providing exceptional in-flight medical emergency service to their passengers."

MedAire will provide STARLUX Airlines access to MedLink delivered in Chinese, offering local language capabilities and ensuring seamless support across all services. In addition, MedAire's commitment to quality and safety bolsters STARLUX's reputation.

About MedAire

MedAire is a leading provider of in-flight medical and aviation security solutions for airlines, private aviation companies, and corporate flight departments worldwide. With an extensive network of professionals and facilities, MedAire offers comprehensive support to ensure the safety and well-being of passengers and crew members.

About STARLUX Airlines

Founded in 2018, STARLUX is a luxury airline based in Taipei now serving 16 Asian destinations: Tokyo, Osaka, Fukuoka, Okinawa, Sapporo, Sendai, Macau, Penang, Kuala Lumpur, Bangkok, Singapore, Ho Chi Minh City, Da Nang, Hanoi, Manila, and Cebu. STARLUX also operates flights between Taipei and Los Angeles, providing convenient transfers for passengers traveling between Asia and North America via Taipei, and is dedicated to providing exquisite services and the utmost comfort for each passenger to enjoy an unforgettable journey. The STARLUX fleet consists of three types of new-generation Airbus aircraft—A321neo, A330neo, and A350—to provide the finest and eco-friendly journeys.



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BANKING POWERHOUSE SBI COMMITS TO EMPOWERING XDC, EXPANDING XDC NETWORK'S FOOTPRINT IN JAPAN

ABU DHABI, United Arab Emirates, June 1 (Bernama-BUSINESS WIRE) -- XDC Network (represented by TradeFinex Tech Ltd) is pleased to announce its partnership with SBI VC Trade Co. Ltd., a prominent Japan's cryptocurrency exchange within the SBI Group. This strategic collaboration marks a significant milestone for XDC Network as it expands its ecosystem in the Japanese market.
XDC Network offers a robust blockchain Network designed specifically for enterprises use cases like trade finance, payments and real world asset tokenization. With a focus on enhancing efficiency in the estimated annual 2,000 trillion yen trade finance market, XDC Network provides high speed transactions and significantly lower gas fees being energy efficient, making it an ideal choice for efficient operations.

“We are thrilled to partner with SBI VC Trade and bring the XDC ecosystem to the Japanese market,” said Atul Khekade, co-founder at XDC Network. “Japan is a crucial hub for international trade, and our blockchain platform aims to streamline this sector by improving transparency, traceability, and reducing costs. Through our collaboration with SBI VC Trade, we look forward to empowering businesses and financial institutions in Japan with the benefits of the XDC Network.”

“We are delighted to expand our cryptocurrency offerings by adding XDC to our exchange,” stated Fumiki Ozaki, President and CEO of SBI VC Trade Co., Ltd. “XDC Network brings a unique value proposition to the trade finance market, and we believe its addition will enhance our customers' trading experience. SBI VC Trade remains committed to providing comprehensive services that prioritize customer satisfaction, and this partnership with XDC Network aligns perfectly with our customer-centric philosophy.”

As XDC Network enters the Japanese market through its partnership with SBI VC Trade, it aims to drive digital transformation in the trade finance industry and establish itself as a global leader in blockchain solutions for enterprises and financial institutions.

About XDC Network:

The XDC Network is an open-source, carbon-neutral, enterprise-grade, EVM-compatible, Layer 1 blockchain that has been operationally successful since 2019. The network obtains consensus via a specially delegated proof-of-stake (XDPoS) technique that allows for 2-second transaction times, near-zero gas expenses ($0.0001), over 2000 TPS, and interoperability with ISO 20022 financial messaging standards. The XDC Network powers a wide range of novel blockchain use cases that are secure, scalable, and highly efficient.

*Source: AETOSWire

View source version on businesswire.com:
https://www.businesswire.com/news/home/20230531005563/en/

Contact

Nadar Suresh
suresh@xinfin.org

Source : XDC Network

--BERNAMA

FROM LICENSE TO OWNERSHIP: BASELABS OFFERS IP ACQUISITION OF ITS SOFTWARE FOR AUTOMATED DRIVING IN ASIL D

CHEMNITZ, Germany, June 1 (Bernama-GLOBE NEWSWIRE) -- BASELABS, the specialist for sensor fusion, is now offering the acquisition of its complete software IP in the field of environment perception for automated driving in ASIL D. In contrast to the previous licensing model, buyers of the IP will be able to use the software without restrictions. The high maturity of the BASELABS technologies enables their use in safety-critical applications for highly automated systems such as L4 vehicles and high-volume driver assistance applications (ADAS). The acquisition of the technologies can be exclusive or partially exclusive. Interested companies can register for the sales process directly with BASELABS at ip@baselabs.de.

The BASELABS portfolio includes BASELABS Dynamic Grid, the latest low-level sensor fusion technology ready for series production, which is particularly suitable for high-resolution sensors and complex driving environments. Furthermore, BASELABS Create Embedded, a library optimized over many years for embedded use, can be acquired mainly for NCAP functions. Both products include a complete development and validation infrastructure and all process artifacts required for use in series production.

"The outstanding customer feedback on our technologies over many years motivated us now to offer the model of ownership of our software IP requested by many market participants. Buyers of our software will receive safety-certified technologies for the vehicles of tomorrow and thus increase the safety of automated traffic worldwide," says Robin Schubert, Managing Director of BASELABS.

Download Screenshot

About BASELABS

BASELABS is executing on the vision of "safe automated driving for all vehicles." The company provides software IP to enhance the performance of environment awareness and strengthens the strategic position of its customers in the race for the "software-defined vehicle." BASELABS is a trustworthy partner for automotive manufacturers and suppliers worldwide. The company was founded in 2012 and is owned by Vector Informatik GmbH. Thus, it is strategically independent of any OEM, Tier 1, or sensor supplier in the market.

A picture accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2f5ee054-1ffe-4acb-ae82-965c6c3f5e1d

A video accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/75e64e15-de97-47d9-8d4c-49d6e460c0b1

Press Contact:

Holger Löbel, Director and Co-Founder
Tel.:+49 (0) 371 3371 51 21
Email:holger.loebel@baselabs.de
https://www.baselabs.de
Tel.: +49 (0) 371 3371 51 21
Email: holger.loebel@baselabs.de
https://www.baselabs.de

SOURCE: BASELABS GmbH

--BERNAMA

OLON ENTERS IN ADC MARKET

MILAN, Italy, May 31 (Bernama-GLOBE NEWSWIRE) -- OLON Group, a global leader in the development and production of active pharmaceutical ingredients (APIs) for CDMO and general markets, announces the start of construction of a new facility at its Rodano site (Milan, Italy) which will be entirely dedicated to managing and producing Ultra-Potent compounds, used for example as payloads and payload-linkers for antibody-drug conjugates (ADCs), one of the most promising emerging cancer therapies, which combines the effective killing power of small molecule cytotoxins and the highly specific targeting ability of monoclonal antibodies (mAbs).

“Actually, about 80% of the ADCs either approved or under development contains this type of payload, such as Dolastatins or Maytansnoids,” said Giorgio Bertolini, Senior VP R&D Olon Group, “and there are also other highly strategic classes of cytotoxic payloads, such as Anthracyclines, Camptothecin and Calicheamicin.”

The Italian group, with years of expertise in HPAPIs, has invested €22 million in a new facility dedicated to these ultra-potent compounds. The ultra-high-containment production line will produce high-potency and toxic products and will therefore reach containment level OEB6 (target OEL 10 ng/m3).

The new project foresees the complete construction of a new building, within which a second ‘shell’ will be built, containing the production facility and the quality control and research and development areas, as well as all auxiliary facilities. This complete, closed-loop system will include all steps of the process: synthesis, isolation, drying and analysis: an ultra-high-containment plant.

The first phase of the construction, to build the payload research and development area, has already begun and completion is foreseen by H1, 2024. Once completed, the company will move on to the second stage of finalizing the production line by creating the QC and GMP Production areas, with the installation of industrial production equipment.

For the Italian-based contract development and manufacturing organization (CDMO) which has worked with highly-potent APIs (HPAPIs) – including anti-cancer drugs and cytotoxic – for over half a century, the decline of the blockbuster, high-volume model in oncology and the rise of niche therapies based on precision medicine are creating new opportunities for continued growth.

Olon is one of few suppliers in the global API market able to integrate every level of containment from the initial API development to commercial manufacturing and from a few grams to hundreds of kilograms.

www.olonspa.com

Media contact

Sabrina Spina

sspina@olonspa.it – mobile 338.6674289

Olon Group is a global leader in the development and production of active pharmaceutical ingredients (APIs) for CDMO and generic markets, integrating chemical synthesis and biological processes while always embracing the highest international safety, quality, and environmental standards.

With one of the longest track records of the API industry, having deep development expertise and a broad set of advanced technologies, we are the partner of choice which enables our client's molecules to enter the market successfully.

Olon has a global network of 11 manufacturing sites and 7 R&D centers across the globe. Thanks to our 2,300 employees, including 300 highly experienced and qualified R&D experts, we represent a highly innovative and reliable partner.

At Olon, expertise and competent flexibility throughout the organization help build successful outcomes for our clients in custom chemical synthesis and microbial fermentation, while always maintaining the highest levels of safety, quality, and environmental compliance.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6114c829-f3f0-4f92-8b93-9f42b6c4c8b0 

Source: Olon SpA 

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