Artificial Intelligence
Calibre Provides Generative Exploration Program Update
VANCOUVER, British Columbia, Nov. 19, 2020 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to provide an update on its generative exploration program that is focused on identifying near-term, organic growth opportunities to complement and leverage off the Company’s “Hub-and-Spoke” operating philosophy.
The Company began dedicating resources to its nascent generative exploration program in June 2020, with the goal of identifying resource expansion opportunities located within trucking distance of the Libertad Complex, where in excess of a million tonnes of surplus annual processing capacity exists.
Through a two-pronged strategy involving district to regional scale geologic modeling and data analytics, coupled with field reconnaissance and first pass drill testing, the Company has launched an aggressive program to systematically evaluate the broader potential of its approximately 1,200 km2 portfolio of 100%-owned mining and exploration concessions. Additionally, the Company recently applied for new mineral concessions (covering another 800 km2) that exhibit similar geologic characteristics to the bonanza-style epithermal gold systems at Limon, Libertad and Pavon.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83543431-da19-48a6-9b6b-6eb174883ad4
Russell Ball, Chief Executive Officer of Calibre stated: “We have an incredible opportunity in front of us to deliver low-cost, organic growth when considering our ‘Hub-and-Spoke’ operating philosophy and the surplus processing capacity at Libertad. We see excellent near-mine and regional opportunities for discovery and resource growth to leverage the installed and permitted surplus processing capacity. I am encouraged by the innovative approach the team has employed to identify and evaluate new opportunities to grow the business.”
Western Epithermal Belt: Libertad, Limon and Pavon Districts
Libertad, Limon and Pavon are situated along Nicaragua’s Western Epithermal Belt, a 350 kilometer section of a prolific belt of gold-silver mines and mineral occurrences, that extends approximately 1,500 kilometers along the length of western Central America.
The Company recently engaged GoldSpot Discoveries (“GoldSpot”) to interrogate its extensive inventory of legacy exploration and mining data with their proprietary artificial intelligence technology. As part of this initiative, GoldSpot is using its Litholens platform to apply core imaging technology to automatically examine and extract unused information from more than 300,000 metres of old core photo images to create intact, geo-referenced digital core images and corresponding geological logs. These new drill hole datasets will be integrated with their companion datasets which include geologic mapping, structural data, drill hole assays, geochemistry and geophysics to create three-dimensional targeting models and prospectivity maps.
In parallel with the Goldspot initiative, Calibre’s field reconnaissance teams commenced systematic field reconnaissance mapping and geochemical sampling to evaluate the Company’s portfolio of underexplored mineral concessions along the Western Epithermal Belt. Recent advances along this front include the identification of three new areas of prospective gold mineralization located within 50 kilometers of the Libertad mill, including:
- Kinuma: The Kinuma concession adjoins the southern and western margin of the main Libertad concession. Four north-easterly striking zones of veining and related alteration haloes have been mapped as they extend from the eight square kilometre Cosmotillo area, a broad zone of intense silica-clay style alteration that commonly caps unexposed bonanza gold vein systems at depth. Results have been received for 279 surface rock samples with 48 of these (~15%) returning anomalous gold values (> 0.1 g/t Au), including a maximum value of 33 g/t Au.
- Amalia: The Amalia concession is located approximately 35 kilometres northeast of the Libertad mill. Field reconnaissance recently delineated two new zones of epithermal style veining approximately three kilometres east of the Espinoza vein, where Calibre reported favorable results from first pass reconnaissance drilling earlier this year (see Calibre news releases dated February 11, 2020 and May 20, 2020).
The first area covers an approximate 1 x 2.5 kilometer zone of epithermal style veining that follows a north-easterly trend. The second zone has been delineated over an area approximately 50 meters wide by 1.2 kilometers along strike. Results have been received for 133 surface rock samples, with 68 of these (~50%) returning anomalous gold values (> 0.1 g/t Au), including a maximum value of 31 g/t Au.
- Nispero: The Nispero concession is located approximately 25 kilometres from the Libertad mill, adjoining the Amalia concession along its northern margin. During the third quarter (following up on a cluster of legacy stream sediment gold anomalies), two north-easterly trending zones of epithermal style veining were discovered, ranging in area from 200 meters wide by 1.2 kilometers along strike and 750 meters wide by 2.5 kilometers along strike. Results have been received for 121 surface rock samples, with 33 of these (~26%) returning anomalous gold values (> 0.1 g/t Au), including a maximum value of 57 g/t Au.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55f54ba5-3fad-4e7d-9b1b-2243a6e11ac9
Follow-up mapping and sampling to further delineate the extent of anomalous gold mineralization and define targets for first pass drill testing in 2021 is in progress. Additionally, at Pavon the team recently initiated first-pass field reconnaissance over the broader concession beyond the Pavon Norte deposit that is currently being developed.
In 2021, the Company will be adding helicopter-borne magnetics/EM/IP geophysical surveys to its surface reconnaissance mapping and geochemical sampling program. This combination is expected to significantly enhance our ability to rapidly identify and prioritize prospective epithermal-style targets that may be partially or completely concealed below surface cover.
Eastern Borosi Project (“EBP”) Update
Calibre’s 100%-owned EBP comprises a 176 km2 block of exploration concessions (the “EBP block”) located in northeastern Nicaragua’s prolific “Mining Triangle” district. The EBP block covers a series of sub-parallel epithermal gold-silver vein systems that are partially exposed within a broader six-kilometre-wide structural corridor that extends along a north-easterly trend for approximately 15 kilometres.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48419aa6-e267-4737-af10-92b22a7954e5
Previous exploration delineated gold-silver resources distributed among six deposits, which combined contain inferred mineral resources totaling 4.4 million tonnes averaging 4.93 g/t Au and 80 g/t Ag, for 701,000 ounces of contained Au and 11.36 million ounces of contained Ag (see table below). Included in this inferred resource are the Guapinol, Vancouver and Riscos de Oro deposits which host higher-grade gold resources containing 518,000 ounces of Au at 8.16 g/t Au and 4.37 million ounces of Ag at 69 g/t Ag.
EBP Inferred Mineral Resource – May 2018 | ||||||||
Deposit – Name and Type | Tonnage | Au | Ag | Contained Metal | ||||
(000 | ) | (g/t) | (g/t) | Gold (000 oz) | Silver (000 oz) | |||
Guapinol | Underground | 612 | 12.74 | 12 | 251 | 244 | ||
Vancouver | Underground | 170 | 8.54 | 15 | 47 | 82 | ||
Riscos de Oro | Underground | 1,184 | 5.73 | 106 | 218 | 4,047 | ||
Blag | Underground | 740 | 3.01 | 117 | 72 | 2,776 | ||
East Dome | Underground | 513 | 2.23 | 219 | 37 | 3,611 | ||
La Luna | Open-Pit | 1,199 | 1.98 | 16 | 77 | 601 | ||
Total | 4,418 | 4.93 | 80 | 701 | 11,361 | |||
Inferred resources (> 4g/t Au) | 1,966 | 8.16 | 69 | 518 | 4,373 | |||
Notes: | 1. CIM (2014) definitions were followed for classification of Mineral Resources | |||||||
2. Mineral Resources are estimated at a cut-off grade of 2.0 g/t AuEq for resources potentially mined by underground methods and 0.42 g/t AuEq for resources potentially mined by open pit methods | ||||||||
3. Gold equivalent values were calculated using the formula: AuEq (g/t) = Au (g/t) + Ag (g/t) / (101.8) | ||||||||
4. Mineral Resources are estimated using a long-term gold price of US$1,500 per ounce of gold, US$23 per ounce of silver. | ||||||||
5. A minimum mining width of 2.4 m was used for underground and 3 m for open pit | ||||||||
6. Bulk density is 2.65 t/m3 for Blag, East Dome, Riscos De Oro, and La Luna, and 2.60 t/m3 for Guapinol and Vancouver. | ||||||||
7. East Dome is included in the Blag resource model and Vancouver is included in the Guapinol resource model. | ||||||||
8. Numbers may not add due to rounding. | ||||||||
9. Mineral Resources that are not Mineral Reserves do not have economic viability. | ||||||||
10. For further details refer to NI 43-101 Technical Report dated May 11, 2018 available on the company’s website and on SEDAR at www.sedar.com . |
Since acquiring IAMGOLD’s 70% interest in August (see Calibre news release dated August 20, 2020), the Company assembled an integrated team of independent, technical subject matter experts to complete an independent review to evaluate the potential to (i) grow the existing mineral resource inventory, and (ii) to identify new discovery opportunities on the EBP block. The initial conclusions indicate significant untested discovery potential around and along trend of all six of the known vein systems, as well as at two lesser-explored areas of prospective gold-silver mineralization within the EBP block. Opportunities identified to date are summarized below:
- Guapinol and Vancouver: Resource expansion opportunities along two parallel, south-plunging vein structures have been identified at the high-grade Guapinol and Vancouver gold deposits.
- Riscos and Cacao: Discrete Au-Ag (and Pb-Zn) mineralized zones at Riscos are hosted in a stockwork vein breccia body along a major north-east trending regional structure. The currently defined resource remains open laterally in both directions along strike as well as down-dip. Additional potential is recognized along the three kilometer gap between the Riscos deposit and the Cacao prospect to the southwest, as well as below surface cover along the southwest continuation of the principal structural trend.
- Blag–East Dome: The Blag–East Dome area represents a large cluster of Au-Ag (and Pb-Zn) veins, the majority of which are undrilled. Near-deposit expansion potential remains untested at depth as well as among the multiple vein systems in the area.
- La Luna: The La Luna vein system remains open along strike to the north and down dip, as well as along parallel structures lateral to the main vein. Moreover, the surface geochemical patterns suggest a possible intrusive related hydrothermal center may occur in the southern portion of the prospect.
- Paraiso: The early-stage Paraiso prospect is located approximately five kilometers southwest and along trend from the Cacao prospect. It centers on an approximate 500 by 100 meter coincident gold-arsenic-silver geochemical soil anomaly surrounded by a halo of locally elevated copper, molybdenum, zinc and bismuth, suggestive of a possible porphyry or similar style mineral intrusive center below cover.
- Sorpresa: The Sorpresa prospect is located in the northwestern portion of the EBP block and represents a poorly exposed Au-Ag (and Pb-Zn) vein trend that merits further surface mapping and geochemical sampling coverage to delineate additional drill targets.
Calibre and Rio Tinto Exploration (“RTX”): Borosi Earn-In Option and Exploration Alliance
Calibre’s relationship with RTX comprises two agreements: the Borosi Earn-In Option agreement and the strategic Exploration Alliance agreement (see Calibre news release dated February 24, 2020). Together, the agreements provide RTX not only the ability to explore Calibre’s 100%-owned Borosi concessions (a 667km2 property package that adjoins Calibre’s EBP block to the northeast), but also to join Calibre in a five-year, generative exploration alliance to identify and explore prospective mineral properties.
During the second and third quarters, RTX conducted an exhaustive review of exploration data collected from a combination of sources, including Calibre’s in-house information archives, Rio Tinto’s internal global information network and various external sources. A key deliverable of this effort was the identification of six porphyry copper and copper/gold porphyry exploration prospects that have been prioritized for further surface targeting and first pass drill testing in 2021.
Additionally, we are working with RTX to finalize the scope of a district-scale, regional reconnaissance survey to identify additional prospective target areas as part of the Exploration Alliance.
Quality Assurance/Quality Control
Calibre maintains a Quality Assurance/Quality Control (“QA/QC”) program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of certified reference standards and blanks, and duplicate check assays. Drill core is halved and shipped in sealed bags to Bureau Veritas in Managua, Nicaragua, an independent analytical services provider with global certifications for Quality Management Systems ISO 9001:2008, Environmental Management: ISO14001 and Safety Management OH SAS 18001 and AS4801. Prior to analysis, samples are prepared at Veritas’ Managua facility and then shipped to its analytical facility in Vancouver, Canada. Gold analyses are routinely performed via fire assay/AA finish methods. For greater precision of high-grade material, samples assaying 10 g/t Au or higher are re-assayed by fire assay with gravimetric finish. Analyses for silver and other elements of interest are performed via Induction Coupled Plasmaspectrometry (“ICP”).
Qualified Person
The scientific and technical data contained in this news release has been reviewed and approved by Mark A. Petersen, P.Geo., VP Exploration, and a Qualified Person as defined by NI 43-101.
ON BEHALF OF THE BOARD
“Russell Ball”
Russell Ball, Chief Executive Officer
For further information, please contact:
Ryan King
Vice President, Corporate Development & IR
T: (604) 628-1012
E: [email protected]
W: www.calibremining.com
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed gold mining and exploration company with two 100%-owned operating gold mines in Nicaragua. The Company is focused on sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon Gold Project, Calibre has proceeded to integrate its operations into a “Hub-and-Spoke” operating philosophy, whereby the Company can take advantage of reliable infrastructure, favorable transportation costs, and multiple high-grade mill feed sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.
Cautionary Note Regarding Forward Looking Information
This news release includes certain “forward-looking information“ and “forward-looking statements“ (collectively “forward-looking statements“) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as “expect”, “plan“, “anticipate“, “project“, “target“, “potential“, “schedule“, “forecast“, “budget“, “estimate“, “intend“ or “believe“ and similar expressions or their negative connotations, or that events or conditions “will“, “would“, “may“, “could“, “should“ or “might“ occur Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond Calibre‘s control. For a listing of risk factors applicable to the Company, please refer to Calibre‘s annual information form for the year ended December 31, 2019, available on www.sedar.com. This list is not exhaustive of the factors that may affect Calibre‘s forward-looking statements.
Calibre‘s forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Calibre does not assume any obligation to update forward-looking statements if circumstances or management‘s beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements.
Artificial Intelligence
Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan
The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”
With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky.
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter: @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone Email: [email protected]
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Artificial Intelligence
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.
“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription.
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
Media Contact: [email protected]
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Artificial Intelligence
Japan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton
CHICAGO, May 16, 2024 /PRNewswire/ — Arizton publishes the latest research report on the Japan data center market and Hong Kong data center market.
The Japan Data Center Market to Witness Investments of $14.48 Billion by 2029.
Get Insights on 107 Existing Data Centers and 41 Upcoming Facilities across Japan.
The data center market in Japan is experiencing the emergence of self-built hyperscale data center facilities by major operators such as Google, Microsoft, and Amazon Web Services (AWS). This development is expected to impact the colocation market in Japan. Since these hyperscale operators store workloads in their own data center facilities, it may reduce the source of revenue generation for colocation operators.
Japan is a well-established data center market in the APAC region. The country supports investments with its macroeconomic policies and other incentives for investors. The market is witnessing several investments from local and global data center operators, further expanding its presence. Tokyo and Osaka are Japan’s major destinations for data center development, accounting for over 90% of the existing data center facilities. The government announced the offer of subsidies in Hokkaido and Kyushu for data center development and decentralize data centers from Tokyo and Osaka.
Investment Opportunities
In October 2023, SoftBank and its subsidiary, IDC Frontier, announced the plan to develop a new data center facility in Tomakomai City, Hokkaido. The company invested around $420 million toward the project, for which it received subsidies worth $190 million from the Ministry of Economy, Trade, and Industry. In July 2023, Internet Initiative Japan (IIJ) launched its second data center building at the Shiroi data center campus in Chiba Prefecture, Greater Tokyo. Once fully built, the campus will house four data center buildings. Furthermore, the company is involved in a third expansion initiative in its Matsue City campus (which will likely go live in 2025).In June 2023, Digital Edge, in partnership with Hulic, a real estate developer, announced the start of the construction of a new data center facility, TY07, in Tokyo. The facility is expected to go online by 2025.In April 2024, GDS Services partnered with Gaw Capital to develop a new data center campus in Fuchu City, Tokyo. Both companies will jointly invest toward developing a new data center facility, with the first phase slated to go online by 2026.To Buy this Research Now, Click: https://www.arizton.com/market-reports/japan-data-center-market-investment-analysis
Existing Vs. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesList of Upcoming Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesVendor Analysis
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara, Huawei Technologies, IBM, Inspur, Lenovo, NEC, NetApp, and Oracle.
Data Center Construction Contractors & Sub-Contractors: Arup, AECOM, Daiwa House Industry, Fuji Furukawa Engineering & Construction, Hibiya Engineering, ISG, Kajima Corporation, Keihanshin Building, Linesight, MARCAI DESIGN, Meiho Facility Works, Nikken Sekkei, NTT FACILITIES, Obayashi Corporation, SHINRYO Corporation, TAISEI Corporation.
Support Infrastructure Providers: 3M, ABB, Alfa Laval, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, Johnson Controls, Kawasaki Heavy Industries, KOHLSER-SDMO, Legrand, Mitsubishi Electric, Rittal, Rolls-Royce, Schneider Electric, STULZ, Siemens, Vertiv.
Data Center Investors: AirTrunk, Alibaba Cloud, Amazon Web Services, AT TOKYO, Colt Data Centre Services, Digital Edge, Equinix, Fujitsu, Goodman, Google, IDC Frontier, Internet Initiative Japan (IIJ), MC Digital Realty, Microsoft, NTT Communications, SCSK Corporation (NETXDC), Telehouse, Tencent Cloud, TIS INTEC Group.
New Entrants: Ada Infrastructure, Edge Centres, CyrusOne, ESR, GDS Services, Keppel Data Centres, NEXTDC, Princeton Digital Group (PDG), SC Zeus Data Center, STACK Infrastructure, ST Telemedia Global Data Centres, Vantage Data Centers, Yondr.
The Hong Kong Data Center Market will Witness Investments of $4.80 Billion by 2029.
Get Insights on 54 Existing Data Centers and 12 Upcoming Facilities across Hong Kong.
The Hong Kong data center market is booming, driven by the increasing demand for digital services. The data center investments in Hong Kong over the next two to three years are expected to remain high due to the surge in demand and the significant boost due to the advancements in AI technologies. Investors are actively investing in this market.
Hong Kong is a mature and thriving market for data center development in the APAC region. Investors find it an attractive market owing to the high internet and social media usage levels, a robust business ecosystem, and excellent connectivity through both inland and submarine cables. Additionally, the deployment of 5G technology further enhances its appeal.
Hong Kong stands out globally for the incredibly high rates of cell phone and home broadband service usage. With around 300 licensed internet service providers, there is robust competition, providing data center operators with a wide range of choices.
Hong Kong is considered an attractive destination for businesses due to various reasons. Its proximity to mainland China and its import-export relations with major markets, such as China and the US, make it easier for businesses to operate. Additionally, the market has experienced significant growth in Foreign Direct Investment (FDI), ranking after countries like the UK, the US, and China.
Investment Opportunities
In December 2023, the company completed the core and shell construction of phase-1 of the MEGA IDC data center campus. The facility has already signed lease agreements with cloud service providers and international banks for its available space. The company plans to expand the campus through phase-2 during the forecast period.In March 2023, the company launched its seventh data center facility, MEGA Gateway, in Tsuen Wan. The facility is part of its connected MEGA campus.Goodman is among the major investors in the Hong Kong market, and it is continuously expanding its data center presence. In March 2024, the company announced the construction of the new Texaco data center facility in Tsuen Wan. The facility is a brownfield construction that involved the conversion of an industrial building into a data center facility. The facility is likely to go online by 2026.Over 60% Of Future Demand to Come from Cloud Service Providers
The Hong Kong data center market has the presence of on-premises data centers operated by educational institutions, the government, and financial services such as HSBC Bank. A significant decline in on-premises data centers will occur in the next three to five years owing to the increase in digitalizing initiatives across sectors and the strong growth in demand for colocation and cloud services. In addition, most existing service providers offer managed solutions to enterprise customers, which will likely grow in the market from 2024-2029.
The market has the presence of all global cloud operators, such as Amazon Web Services (AWS), Google, Microsoft, Alibaba Cloud, Huawei Cloud, and Tencent Cloud. This will propel the demand for wholesale colocation services through these service providers’ continuous expansion initiatives. The cloud segments will likely dominate capacity take-up over the next five years. In addition, the market will witness the entry of multiple global organizations to service customers through a local presence.
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Existing VS. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationList of Upcoming Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationVendor Analysis
IT Infrastructure Providers: Arista Network, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
Data Center Construction Contractors & Sub-Contractors: Arup, AtkinsRéalis, Aurecon, BYME Engineering, Chung Hing Engineers Group, Cundall, DSCO Group, Gammon Construction, ISG, Studio One Design.
Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, Siemens, STULZ, Sumber, Vertiv.
Data Center Investors: AirTrunk, BDx, CITIC Telcom International, China Mobile International (CMI), China Unicom, Digital Realty, Equinix, ESR, GDS Services, Global Switch, Goodman, iTech Towers Data Centre Services, NTT DATA, SUNeVision Holdings (iAdvantage), Telehouse, Towngas Telecom (TGT), Vantage Data Centers.
New Entrants: Angelo Gordon and Mapletree Investments
Japan & Hong Kong Data Center Market Segmentation
IT Infrastructure
Servers
Storage Systems
Network Infrastructure
Electrical Infrastructure
UPS Systems
Generators
Transfer Switches & Switchgears
PDUs
Other Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
Rack Cabinets
Other Mechanical Infrastructure
Cooling Systems
CRAC & CRAH Units
Chiller Units
Cooling Towers, Condensers & Dry Coolers
Economizers & Evaporative Coolers
Other Cooling Units
General Construction
Core & Shell Development
Installation & Commissioning Services
Engineering & Building Design
Fire Detection & Suppression Systems
Physical Security
DCIM
Tier Standard
Tier I & Tier II
Tier III
Tier IV
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