Artificial Intelligence
UPDATE – Graphex Group Announces Formation of U.S. Subsidiary; Names John DeMaio CEO
ROYAL OAK, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) — Graphex Group Limited (HKSE:6128)(OTCQX:GRFXY), a world leader in graphene technologies and products used in electric vehicle (EV) battery and energy storage production, is pleased to announce the formation of its U.S. subsidiary, Graphex Technologies LLC (Graphex), and the appointment of its new CEO.
Graphex Group is one of the largest manufacturers of spherical graphite, a key material for production of lithium-ion battery cells used to form layers of graphene in the anode of lithium-ion battery cells. It currently leverages its high-volume manufacturing process and product technology, protected by 23 patents, for EVs manufactured and sold in Asia. Graphex Group’s manufacturing facility for spherical graphite is strategically located in Heilongjiang Province, an area rich in high-quality natural graphite reserves. Lithium-ion batteries are one of the most sought-after global technology components, as they are integral for electric vehicle and energy storage solutions needed to spur the clean energy transformation. They are also used in many other applications, including personal electronics such as mobile phones, laptops, and many other household items.
Following its U.S. market entry and the establishment of a manufacturing plant in 2022, Graphex intends to capitalize on the global demand for EV and stored energy lithium-ion batteries, especially in the U.S. and European markets. As both a technology and manufacturing company, it will also continue to identify and develop future graphene applications. The Company intends to build a manufacturing plant in the U.S. capable of producing 20,000 to 50,000 tons of coated natural graphite anode material annually.
John DeMaio has been appointed to the positions of CEO of Graphex Technologies and President, Graphene Division of Graphex Group Limited, the former of which represents the U.S. entity. In his new role, DeMaio will lead development and launch of key North American and European strategic alliances to support the strong increase in demand for advanced technology in the EV and renewable energy industries. DeMaio will advance opportunities to establish supply chains in the U.S. and Europe to bring technology, employment opportunities, and dependable supply to these high-growth markets.
“While we continue to grow our graphene business in Asia, home to one of the fastest-growing EV industries, the need for technologies that support EV and renewable energy is increasing around the world,” said Chan Yick Yan Andross, Chief Executive Officer and Director, Graphex Group Limited. “This is an opportune time to expand our international reach. We are excited to bring John onto our team to provide guidance to the parent organization and to lead Graphex Technologies LLC as we establish international supply chains and explore global partnerships, strategic alliances, scientific collaboration, and the potential to vertically integrate complementary businesses.”
DeMaio has held leadership positions including President and CEO of JouleSmart Solutions; General Manager of Siemens Smart Infrastructure; VP of MWH Global; COO of Thompson Solar Technologies; and Division Manager of SPG Solar. These roles range from successful startups to divisional and regional turnarounds at Fortune 50 companies. With over 20 years of experience in the energy and infrastructure sectors, DeMaio has developed and commercialized several new emerging market technologies, including first-in-kind photovoltaics, advanced waste-to-energy solutions, and Artificial Intelligence of Things platforms.
“It is an honor to join this progressive organization and lead this team of wildly intelligent professionals who understand exactly what business we’re in and are committed to being the best at what we do,” said John DeMaio, CEO of Graphex Technologies LLC. “As an advanced technology company providing R&D and product innovations in EV battery tech and alternative energy production, storage, and delivery, Graphex is uniquely positioned for strong growth into markets outside of Asia. Our ability to deliver superior graphite and graphene-related products and technology today – while continuously innovating and expanding our offerings in advance of the evolving needs of tomorrow – will cement Graphex Group as a foundational force in the global energy transition.”
About Graphex Group Limited
Graphex Group Limited is focused on the development of technologies and products for the enhancement of renewable energy, particularly the enrichment of spherical graphite and graphene, key components for EV batteries, lithium-ion batteries, and other uses. Strategically located near the largest supply source of high-quality natural flake graphite in the world, Graphex Group is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries. It plans to further secure and expand the upstream supply chain and increase delivery volume by 400 percent over the next three years to support the unprecedented proliferation of battery demand. Graphex holds 23 patents in areas including products, production methods, machinery design, and environmental protection.
Safe Harbor Statement
This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the ‘Securities Act’), and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.
Statements about the Company’s future expectations and all other statements in this press release other than historical facts, are ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words ‘anticipate,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘plans,’ ‘projects,’ and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Information from third sources identified in this release are based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry.
This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of the Company, including but not limited to its American Depositary Shares.
Information made available on the Company’s above-referenced website is not a part of any disclosure made or to be made by the Company with respect to any offer to sell or solicitation of an offer to purchase any securities of the Company and are not party of any filings by the Company with the U.S. Securities and Exchange Commission.
Contact Information:
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Media inquiries
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Artificial Intelligence
Jean-Michel Jarre is world’s first passenger to take off in KleinVision’s flying AirCar
PIESTANY, Slovakia, April 24, 2024 /PRNewswire/ — Godfather of electronic music and innovator Jean-Michel Jarre becomes world’s first passenger to take off in KleinVision’s flying AirCar in preparation for Starmus Opening Concert also Featuring Sir Brian May of Queen.
KleinVision’s AirCar took to the skies with electronic music pioneer, Jean-Michel Jarre as its first passenger this month, signaling a new era of transportation innovation. AirCar, which received the Certificate of Airworthiness in January 2022, has already logged an impressive 130 flight hours and over 520 takeoffs.
“It is like being in a Jules Verne book, but for real! One second you speak to the driver, and next, you are up there in the air – an amazing experience!” said Jean-Michel Jarre after completing two flights in the AirCar at Piestany international airport.
The artist’s excitement was palpable as he marveled at the futuristic experience, perfectly reflecting the theme of his upcoming Starmus opening concert, ‘The Bridge from the Future’, powered by ESET, global digital security leader.
“AirCar addition to Starmus is a fantastic complement to our festival experience,” said Garik Israelian, PhD, astrophysicist at the Institute of Astrophysics of the Canary Islands and co-founder of Starmus, alongside Sir Brian May. “It mirrors the exhilarating journey we embark on, starting with Jean-Michel and Brian’s monumental concert that propels us to new heights, soaring alongside artists and inspiring thinkers like Jane Goodall, and coming back to Earth with the wisdom of astronaut Chris Hadfield once the festival concludes.”
“AirCar will not only be part of the Starmus opening concert, it will also be showcased at Starmus Camp, which, together with the Stephen Hawking Medal Ceremony and nine Nobelists giving lectures, will turn Bratislava into the world capital of science.”
Film director Todd Douglas Miller, Emmy Award-winning filmmaker of Apollo 11, captured the historic moment as he filmed the AirCar soaring at 2500 feet. “It looks impossible. It looks like it’s doing something it should not be doing!” Miller remarked, highlighting the groundbreaking nature of AirCar.
Professor Stefan Klein, inventor and pilot, expressed his pride as Jean-Michel became the inaugural passenger on the groundbreaking aircraft. “From dreams to reality, we have taken flight together with Jean-Michel, opening a new era of transportation with a touch of magic,” said Klein, moments before completing another successful intercity flight from Piestany to Nitra.
Anton Zajac, co-founder of KleinVision and ESET, lauded the advancement the AirCar represents in blurring the lines between roads and skies. “We are bridging the gap between the road and the sky, giving cars the freedom they symbolized 50 years ago,” Zajac remarked.
The flights took place in Piestany, Slovakia, and marked a momentous step towards a future where terrestrial and aerial travel seamlessly converge.
To see the short footage of the flight, click here.
Photo – https://mma.prnewswire.com/media/2395057/Klein_Vision.jpg
View original content:https://www.prnewswire.co.uk/news-releases/jean-michel-jarre-is-worlds-first-passenger-to-take-off-in-kleinvisions-flying-aircar-302124769.html
Artificial Intelligence
SUPCON Unveils Groundbreaking Products in June, Including the World’s First UCS
HANGZHOU, China, April 24, 2024 /PRNewswire/ — In June, SUPCON (688777) is poised to launch two groundbreaking products in Singapore: the world’s first UCS (Universal Control System) and TPT (Time-Series Pre-trained Transformer), the first time-series model in the process industry.
UCS, a revolutionary innovation from SUPCON, is set to revolutionize the 50-year-old DCS architecture, promising to eliminate traditional control cabinets.
TPT, as the pioneering time-series model in the process industry, will replace numerous traditional industrial apps and overcome unsolved industrial challenges.
SUPCON, founded in 1999, is a prominent global provider of intelligent manufacturing solutions for process industries. The company is committed to the development and application of AI technology through the integration of advanced products and extensive industry know-how. With a global customer exceeding 30,000, SUPCON’s products address all needs across over 50 countries and regions, encompassing sectors like oil & gas, refinery & petrochemical, chemical, etc. Aiming at high-quality and sustainable development, SUPCON is on the way to facilitate the automation and intelligentization of the global process industry.
In 2023, SUPCON’s core products, the Distributed Control System (DCS) and the Safety Instrumented System (SIS), both claimed the top market share position in China, achieving respective figures of 37.8% and 33.7%. Notably, the DCS has maintained the No.1 position for a consecutive 13th year.
View original content:https://www.prnewswire.co.uk/news-releases/supcon-unveils-groundbreaking-products-in-june-including-the-worlds-first-ucs-302125406.html
Artificial Intelligence
Automation Anywhere Appoints Tim McDonough as Chief Marketing Officer to Drive Global Awareness and Growth for the Leader in AI-Powered Automation
SAN JOSE, Calif., April 23, 2024 /PRNewswire/ — Automation Anywhere, a leader in AI-powered automation solutions, announced that AI marketing leader Tim McDonough joined the company as chief marketing officer (CMO). McDonough, who brings more than two decades of experience in driving growth across startups and Fortune 100 companies, will shape and lead Automation Anywhere’s global brand and growth strategies and go-to-market functions.
McDonough joins Automation Anywhere from Intel, where he recently served as vice president and CMO of AI and data centers. McDonough oversaw the transformation of the $14 billion-plus business unit, while guiding the company’s strategy and positioning in the AI market.
“Tim joins us at an incredible time in our journey as we experience a new phase of growth ignited by the transformative benefits of our generative AI process automation models that are transforming our customers’ businesses,” said Mihir Shukla, CEO, Automation Anywhere. “Tim’s impressive experience will be instrumental in our efforts to empower organizations to achieve amazing results by automating more than forty percent of workflows and tasks, and saving millions, even billions, of dollars.”
Prior to Intel, McDonough held executive roles at leading technology companies, including Unity Technologies, Qualcomm, and Microsoft. McDonough’s track record of enterprise and C-suite marketing spans developed and emerging technologies, including AI tools, applications, software-as-a-service (SaaS) solutions, and developer ecosystems.
“I’m looking forward to helping lead Automation Anywhere through its next phase growth as it helps companies transform their business,” said McDonough. “Seeing how customers are innovating with Automation Anywhere’s platform demonstrated to me the incredible market opportunity we have. When you combine automation with generative AI, customers can now go beyond task or departmental impact and automate at an enterprise level, empowering companies and employees to do their very best work.”
McDonough’s appointment comes at a time of remarkable opportunity for the company, marked by Automation Anywhere’s recent record-breaking fourth-quarter performance, continued profitability, and strong outlook in its current fiscal year. Last quarter, Automation Anywhere reported 50 percent growth in large enterprise deals from the previous quarter, highlighting the company’s momentum and strong market position.
About Automation Anywhere
Automation Anywhere is the leader in AI-powered process automation that puts AI to work across organizations. The company’s Automation Success Platform is powered with generative AI and offers process discovery, RPA, end-to-end process orchestration, document processing, and analytics, with a security and governance-first approach. Automation Anywhere empowers organizations worldwide to unleash productivity gains, drive innovation, improve customer service, and accelerate business growth. The company is guided by its vision to fuel the future of work by unleashing human potential through AI automation. Learn more at http://www.automationanywhere.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/automation-anywhere-appoints-tim-mcdonough-as-chief-marketing-officer-to-drive-global-awareness-and-growth-for-the-leader-in-ai-powered-automation-302125158.html
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