Fintech PR

Envision Group Ranked Top 10 in the MIT Technology Review 50 Smartest Companies

Published

5 years ago

July 1, 2019

Reading Time: 2 minutes

MIT Technology Review, a global leading media on technology under the renowned U.S. research institute the Massachusetts Institute of Technology (MIT), unveiled its “50 Smartest Companies 2019 (TR50)” rankings today. Envision Group, the world’s leading energy technology company ranked top 10 — the only company awarded for driving energy transformation and the energy revolution through AIoT（*AIoT: Artificial Intelligence + Internet of Things）technology. Envision Group was listed alongside other global innovation pioneers including Microsoft, Qualcomm, Nvidia, Tesla, Huawei and Tencent.

The TR50 is referred to as “a guide to the world’s emerging technologies”. Since 2010, MIT Technology Review has ranked the “50 Smartest Companies” worldwide based on their innovative and emerging technologies and breakthroughs. The members of the 2019 TR50 are companies that are “innovative, revolutionary, and empowered”; and who have proven their ability to integrate innovation and achieve transformation to accelerate a new industry’s creation, or to accelerate the development of existing industries.

MIT Technology Review explained that “Envision has created the world’s leading AIoT operating system – EnOS — to build a ‘smart machine social network’ that integrates in real time 100 GW of energy assets and 60 million smart devices, including: wind turbines, PV panels, energy storage systems, charging piles, electric vehicles and other equipment. With EnOS, Envision can help integrate increasing amounts of renewable energy into the future energy system so as to accelerate energy transformation worldwide.”

MIT Technology Review applauded Envision’s strategic vision of a future energy system of “new coal, new oil, and a new grid”, alongside renewables, energy storage, batteries and energy AIoT. Envision has also recently completed new strategic deployments centering on wind energy, AESC, and the EnOS.

According to MIT Technology Review, the definition of ‘smart’ is the ability to create an innovative business path that leverages the key strengths of emerging technologies to generate momentum for industrial transformation. Envision foresaw the huge opportunities for AIoT to drive energy transformation. Using its AIoT operating system EnOS, Envision transformed the energy industry with the advanced insights provided by AIoT, creating an entirely new, future-oriented energy ecosystem. Today, Envision provides connection and collaboration services, and advanced products and solutions, ranging from upstream renewable energy generation to downstream distributed power for consumption. It aims to create synergies in cross-power generation, buildings, factories, energy storage, transportation and city management.

As the world’s leader in energy technology, Envision Group is also one of the top five wind turbine brands in the world, redefining the industry with its technologies. Envision has been a technological pioneer in the wind power industry over the past 12 years, from low speed wind turbines, to smart wind turbines and smart wind farms, to turbines with tall flexible towers and distributed wind turbines, and then to the smart operations and maintenance of the global wind farms by AI and IoT technologies.

As a top 3 EV battery technology company in China, Envision AESC has an excellent safety and quality record. To date, the lithium-ion batteries manufactured by Envision AESC in Japan, the US and Europe have been installed in over 450,000 electric vehicles with zero critical malfunctions (such as spontaneous combustion). Envision AESC is redefining the battery industry and future energy systems using AIoT technology.

Leveraging its AIoT technology, Envision not only helps enterprises achieve digital transformation but also collaborates with governments to realize their smart city visions. In Singapore, the EnOS is helping the government accelerate the development of next generation IoT-based solutions in their digitalization goals. The Government Technology Agency (Govtech) is using EnOS to develop in-house device management and data acquisition systems to fulfill the Smart Nation vision of Singapore.

SOURCE Envision Group

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Launch of Al Faisal Al Baladi Holding

Published

1 hour ago

November 16, 2024

CISION (PR Newswire)

A strategic partnership between two of the largest Qatari companies to add value to the local and regional market, enhancing food security and innovation in several key sectors.

DOHA, Qatar, Nov. 16, 2024 /PRNewswire/ — Senyar Trading & Distribution Company and Al Baladi Holding have announced the launch of their strategic partnership under the name of ‘Al Faisal Al Baladi Holding’. The launch ceremony was attended by Sheikh Faisal bin Qassim Al Thani, Chairman of Al Faisal Holding, and Mr. Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding. This partnership aims to provide added value to the Qatari and regional markets, and to enhance the role of Qatari companies in supporting and developing the local economy in line with Qatar National Vision 2030.

Within this partnership, a strong economic icon was established under the name ‘Al Faisal Al Baladi Holding Group’, capable of implementing huge projects across the MENA region in a number of different vital sectors, especially livestock and agricultural production projects, which contributes to supporting food security and enhancing livestock in a sustainable manner. In addition, the retail sector constitutes a significant part of the Company’s activities.

Al Faisal Al Baladi Holding Group Holding includes Al Faisal Al Baladi Holding LLC, based in Qatar, Al Faisal Al Baladi Group for Malls Management and Operations, based in Egypt, and Al Faisal Al Baladi Holding, based in the Sultanate of Oman. As well as livestock and agricultural production, these companies will operate in several diverse sectors including distribution and wholesale, manufacturing, hospitality and hotels, restaurants, food and beverages, with the retail sector also constituting a significant area of focus. Through these activities, they will seek to meet the growing demand for innovative products and solutions, while supporting sustainable economic development in Qatar and the region.

Commenting on this announcement, Sheikh Faisal Bin Qassim Al Thani, Chairman of Al Faisal Holding, stated: “I am pleased to witness the formation of this strategic partnership that represents the development of the private sector in Qatar and enhances its ability to compete through cooperations built on solid foundations. This partnership is a realization of Qatar Vision 2030 of empowering the private sector and enhancing its contribution to the local economy. I wish both parties success in this promising partnership.”

Mr Mohammed Abdullah Al Attiyah, Chairman of Al Baladi Holding and Chairman of Al Faisal Al Baladi, said: “We are delighted with this cooperation which opens new horizons for growth and expansion. Al Baladi Holding has achieved remarkable successes in recent years, and this partnership comes to underpin our position in the market and expand the scope of our activities. We hope that Al Faisal Al Baladi Holding will contribute to the development of successful and innovative projects that will be a source of pride for everyone.”

Sheikh Mohammed bin Faisal Al Thani, Vice Chairman of Al Faisal Al Baladi Holding, added: “We share common goals, integrated resources, and expertise with Al Baladi Holding. Through this partnership, we will achieve integration and synergy in diverse businesses to maximize value for all parties, including consumers and investors, which will benefit all stakeholders and contribute to achieving a positive impact across every level.”

Mr. Abdullah Mohammed Al Attiyah, Vice Chairman of Al Baladi Holding, said: “Undoubtedly, the stability of the Qatari economy, the diversity of investment opportunities, and the positive business environment, have all contributed to Al Baladi Holding’s market leading position. We look forward to this partnership with confidence in its promise to help build a bright future”

Mr. Tarek Mahmoud Al Sayed, Board Member of Al Faisal Al Baladi Holding, added: “Food security projects hold special importance, especially in their comprehensive and sustainable concept, which constitute an essential part of our future strategy. We seek to play a pivotal role in the region through livestock and agricultural production projects, as we currently own a number of livestock and agricultural production companies in Qatar and Oman, and we plan to expand and launch new projects in a number of countries in the region and North Africa. This will support Al Faisal Al Baladi in becoming a leading company in achieving food security at the regional level.”

Mr Hany Al Sayyadi, CEO and Board Member of Al Faisal Al Baladi Holding, concluded by saying: “This partnership strengthens our diversified investment portfolio and facilitates the expansions of our presence in regional and global markets. Our vision is to achieve a strong presence in the Middle East region, by focusing on innovation and quality in all our sectors. This partnership is a natural extension of the vision of both companies to enhance economic integration and contribute to driving development in Qatar and the region.”

Al Faisal Al Baladi plans to expand its business activities in regional and global markets, by utilizing the diverse investment opportunities represented by the manufacturing, hospitality and retail sectors. The Group’s current portfolio includes more than 30 leading companies in their fields, including Al Baladi and Al Baladi Express Markets, Al Wajba Dairy and Juice Factory, City Limousine Company, in addition to a number of restaurants and companies in the food sector, and many others.

Photo: https://mma.prnewswire.com/media/2558072/Al_Baladi_Holding_Group.jpg
Photo: https://mma.prnewswire.com/media/2558073/Al_Baladi_Holding_Group_1.jpg

Chairman of Al Faisal Holding Sheikh Faisal bin Qassim Al Thani, and Chairman of Al Baladi Holding Mohammed Abdullah Al Attiyah along with other officials during the launch of Al Faisal Al Baladi Holding

View original content:https://www.prnewswire.co.uk/news-releases/launch-of-al-faisal-al-baladi-holding-302305819.html

Fintech PR

Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million

Published

7 hours ago

November 16, 2024

CISION (PR Newswire)

Revenue grew by 23.8% compared to previous year
Gross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23
Adjusted EBITDA rose 29.5% to SAR 210.2 million

JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.

Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.

The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.

Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.

SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.

Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:

“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.

Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.

We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.

Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”

View original content:https://www.prnewswire.co.uk/news-releases/sustainable-infrastructure-holding-company-sisco-q3fy24-revenue-excluding-accounting-construction-revenue-increases-by-23-8-to-341-8-million-302307352.html

Fintech PR

Bybit Crypto Titans: November Arena Boasts 55,000 USDT in Rewards

Published

23 hours ago

November 15, 2024

CISION (PR Newswire)

bybit-crypto-titans:-november-arena-boasts-55,000-usdt-in-rewards

DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.

From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.

Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).

More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.

“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.

Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.

Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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