Tag: PR Newswire

LOS ANGELES, May 20, 2025 /PRNewswire/ — Heybike is marking its fourth anniversary with a celebration that reflects its mission: to make sustainable mobility accessible and enjoyable for everyone. Under the theme “A Joyful Anniversary with Heybike, & Green Rides for a Cleaner World,” Heybike honors its achievements while reaffirming its commitment to environmental impact and innovation.

Since its launch in 2021, Heybike has grown into a global brand recognized for its innovative electric bicycles and commitment to sustainability. Today, Heybike serves over 200,000 users across 22 countries, including the U.S., Germany, the U.K., France, Italy, and Japan. Its products are available in major retail channels such as BestBuy, Walmart, and Costco, and the brand has established over 300 dealer stores worldwide.

All-round Product Matrix for All Ages on All Terrains

Heybike’s success is rooted in its ability to meet the diverse needs of riders through a versatile product lineup. Since its founding, the brand has launched 20 electric bicycle models, covering all-terrain ebikes, urban commuter and cargo bikes, and more. These designs have not only earned acclaim for their functionality, but also gained recognition for their aesthetic appeal. Many longtime and elder riders have chosen Heybike as their first ebike because of their sturdy build, ease of use, and comfortable ride. These features have helped them rediscover the joy of riding, explore new lifestyles, and connect with fellow cyclists, reminding riders of the fun and joy that accompanies exercise and outdoor exploration.

During 2024 and 2025, six Heybike models won 10 international design awards, including prestigious honors like the Red Dot Award, iF Design Award, American Good Design and German Design Award. These accolades highlight Heybike’s dedication to creating bikes that are both beautiful and practical, setting new standards for sustainable mobility.

Product Quality with International Standards

Heybike’s impact extends far beyond design. The brand has consistently prioritized quality and environmental responsibility. In late 2024, Heybike became the first in the industry to receive the Carbon Footprint Certification by Intertek for the Greater Bay Area for one of its products, the Horizon. Shortly after, at the CES 2025 event in Las Vegas, Heybike earned the UL Verified Mark for Micromobility Performance, a testament to its exceptional quality and performance. These certifications underscore Heybike’s commitment to setting global benchmarks in sustainability and safety.

Green Rides for a Cleaner World

Over the past four years, Heybike riders have collectively traveled over 100 million miles, reducing carbon emissions by 84 million pounds—equivalent to planting 26.8 million trees. To celebrate its anniversary, Heybike is partnering with users to donate 1,000 trees to the international nonprofit One Tree Planted to support the Urban Forestry project.

As Heybike enters its fifth year, the brand remains focused on its vision: to empower riders of all ages and backgrounds with reliable, eco-friendly mobility solutions. By integrating cutting-edge technology into everyday transportation, Heybike continues to inspire people to explore beyond the ordinary and embrace a more sustainable lifestyle.

“‘A Joyful Anniversary with Heybike, & Green Rides for a Cleaner World’ is not only a slogan but also a promise to the greener future,” states Heybike COO William Li. “With new saplings planted, we hope to increase the positive impact cycling has on the World. All that we ask of you is that you hop on that new bike and Let Your Joy Out!”

About Heybike

Heybike is a fast-growing global brand with over 200,000 riders in 4 years. With advanced products and eco-friendly bikes, Heybike aims to inspire people to break routines and let their joy out.

For more information about Heybike, please visit:
Heybike:
https://www.heybike.com/pages/anniversary?utm_source=smPR&utm_medium=Article&utm_id=4th_Anniversary

Heybike EU:
https://eu.heybike.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/heybike-celebrates-4th-anniversary-a-joyful-journey-toward-a-greener-world-302460270.html

SOURCE Heybike

MIAMI, May 20, 2025 /PRNewswire/ — Enfinity Global Inc., a leader in renewable energy, today announced the successful closing of an up to €100 million bond facility to support the deployment of its energy storage and solar PV projects across Europe. The facility is being provided by Eiffel Investment Group, an independent asset manager focused on sustainable investments, through four of its investment vehicles.

This transaction marks a significant milestone, that underscores the platform’s quality for investors and Enfinity’s execution capabilities. It is also the company’s first financing of its battery energy storage system (BESS) portfolio in Europe, where it is developing a 6.4 GW BESS pipeline—including 5.1 GW in Italy and 1.3 GW in the UK. Energy storage is a key component of Enfinity’s strategy to deliver 24/7 renewable energy solutions to corporate and industrial customers while contributing to grid resilience.

“We are thankful to Eiffel Investment Group for supporting the growth of our Italian platform,” said Carlos Domenech, CEO of Enfinity Global. “The future of competitive low carbon energy solutions relies on innovation of technologies and financings supported by market leaders,”  he added.

“We are proud to support Enfinity Global in its growth,” said Pierre-Antoine Machelon, head of Infrastructure Funds at Eiffel Investment Group. “Building a long-term relationship while structuring a tailor-made financing is at the heart of Eiffel DNA. This transaction highlights our commitment to providing financial solutions to accelerate the decarbonization in Europe.“

Enfinity Global’s has currently secured  €865 million for Europe through multiple junior and senior debt agreements. The Company ranks among Italy’s top 10 independent power producers (IPP) by installed capacity, with 232 MW operational, 538  MW under construction, and 805 MW of approved solar capacity. Enfinity also leads Italy’s solar PPA market, having signed one-third of all the new capacity contracted in 2024^[1].

“Enfinity Global continues to expand its renewable energy footprint, leveraging our expertise to accelerate the clean energy transition while delivering reliable and cost-effective solutions for the European market,” commented Julio Fournier Fisas, General Manager of Enfinity Global for Europe. “We appreciate partners like Eiffel Investment Group who share our vision for the future of energy.”

“We are very happy to accompany top performing companies like Enfinity,” commented Jean-Charles Arrago, head of Eiffel Infrastructure debt strategy. “With this facility, we are able to accelerate the rollout of a 24/7 renewable electricity production capacity in Italy.”

[1] Elemens Dev & Deals 2024 Report and Elemens Lookout Q1 2025.

Logo: https://mma.prnewswire.com/media/1907378/5325747/Enfinity_Global_Logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/enfinity-global-closes-100-million-bond-with-eiffel-to-accelerate-energy-storage-and-solar-pv-projects-in-europe-302458883.html

SOURCE Enfinity Global

SHENZHEN, China, May 20, 2025 /PRNewswire/ — CIMC Modular Building Systems (MBS), a global leader in modular construction, has signed a landmark agreement to deliver the Earth Riyadh Hotel in Saudi Arabia. As the company’s first hospitality project in the region, this milestone reinforces CIMC MBS’s commitment to advancing sustainable building practices and offering innovative solutions to the global hospitality sector.

Setting a New Benchmark for Modular Construction in the Middle East

Earth Hotels, a conscious and design-forward hospitality group built for the modern, mindful traveler, is setting the stage for its bold new openings across Saudi Arabia and Europe.

The Earth Riyadh Hotel is a three-story, four-star boutique property with a total floor area of 11,000 square meters, scheduled for completion in 2026. Located in the vibrant Al Maathar district near key attractions and the Diplomatic Quarter, the hotel will offer 86 signature rooms, lofts, and suites designed for both business and leisure travelers. More than just a place to stay, Earth Riyadh promises an immersive experience that blends Saudi cultural with laid-back vibes, bold locally inspired designs, and purposeful hospitality.

CIMC MBS will provide a full spectrum of services including module design, offsite manufacturing, and on-site installation. This advanced modular construction technology is expected to shorten the construction timeline by over 50% compared to traditional methods, while significantly enhancing resource and energy efficiency.

“We are proud to contribute our modular expertise to this landmark project in Riyadh,” said Victor Zhu, Managing Director of CIMC MBS. “It reflects our commitment to delivering efficient, sustainable building solutions to partners worldwide.”

The hotel’s developer praised CIMC MBS’s proven technical competence and execution capabilities, noting the project as a model for supporting Saudi Arabia’s smart city and tourism ambitions.

Driving Innovation and Global Collaboration

With more than 20 years of international project experience, CIMC MBS has delivered modular building solutions across over 20 countries and regions. The Earth Riyadh Hotel project marks a significant step in the company’s global expansion and underscores its role in shaping the future of sustainable construction.

This project is expected to play a key role in enhancing Saudi Arabia’s tourism infrastructure and serves as a compelling example of international cooperation in the construction industry.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cimc-modular-building-systems-pioneers-sustainable-modular-hotel-construction-in-saudi-arabia-setting-a-new-benchmark-in-the-middle-east-302460164.html

SOURCE CIMC

Lupin is set to become first Indian company to fully integrate Honeywell’s Solstice® Air in its respiratory inhalers at scale, redefining respiratory care with near-zero global warming potential propellants

Lupin Limited (Lupin) (BSE: 500257) (NSE: LUPIN) (REUTERS: LUPIN.BO) (BLOOMBERG: LPCIN)

NEW DELHI and MUMBAI, India, May 20, 2025 /PRNewswire/ — Global pharma major Lupin Limited (Lupin) announced today its plan to use Honeywell’s Solstice® Air (HFO-1234ze cGMP) propellant to transform respiratory care through the development of next-generation inhalers. Designed for patients with asthma and chronic obstructive pulmonary disease (COPD), Honeywell Solstice Air has the potential to prevent the release of high global warming potential (GWP) molecules, marking a major step forward in helping to reduce carbon emissions.

Lupin intends to become the first pharmaceutical company in India to use Honeywell’s Solstice Air product at scale as a next-generation propellant in pressurized metered-dose inhalers (pMDIs). Solstice Air offers an alternative to traditional hydrofluorocarbon (HFC)-based propellants, helping to reduce greenhouse gas emissions by up to 99.9%.¹ By investigating the use of this innovative, non-flammable propellant in its pMDIs, Lupin is taking a significant step toward minimizing the environmental impact of respiratory solutions while providing effective treatment options for patients with asthma and COPD.

“Lupin’s partnership with Honeywell underscores our commitment to delivering high-quality medicines while working towards a healthier, more sustainable future for our patients and communities worldwide. By integrating Solstice Air in our products, we are not only enhancing patient care, but we are also significantly reducing environmental impact,” said Vinita Gupta, CEO, Lupin.

“Solstice Air can play a critical role in ensuring that Lupin life-saving devices provide safe and effective treatment options that also leverage the latest advancements in technology to reduce harmful greenhouse gas emissions,” said Jeff Dormo, a president in Honeywell’s Energy and Sustainability Solutions business. “By continuing to research and develop advanced technologies for reducing carbon, Honeywell is dedicated to driving innovation that enhances the efficacy of health solutions while pioneering emissions reducing practices that support industry advancements.”

The terms of the deal are subject to negotiation and execution of definitive documents acceptable to both Honeywell and Lupin.

References:

¹Studies conducted by UNEP and American Lung Association https://www.unep.org/news-and-stories/story/how-do-greenhouse-gases-actually-warm-planet  https://www.lung.org/getmedia/cfe2481d-1478-4cea-8a77-1ac3eb112e71/what-you-should-know-ways.pdf 

About Lupin

Lupin Limited is a global pharmaceutical leader headquartered in Mumbai, India, with products distributed in over 100 markets. Lupin specializes in pharmaceutical products, including branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients. Trusted by healthcare professionals and consumers globally, the company enjoys a strong position in India and the U.S. across multiple therapy areas, including respiratory, cardiovascular, anti-diabetic, anti-infective, gastrointestinal, central nervous system, and women’s health. Lupin has 15 state-of-the-art manufacturing sites and 7 research centers globally, along with a dedicated workforce of over 23,000 professionals. Lupin is committed to improving patient health outcomes through its subsidiaries – Lupin Diagnostics, Lupin Digital Health, and Lupin Manufacturing Solutions.

To know more, visit www.lupin.com or follow us on LinkedIn  https://www.linkedin.com/company/lupin

About Honeywell

Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom

Solstice® is the registered trademark of Honeywell International Inc.

Logo: https://mma.prnewswire.com/media/2461104/Lupin_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/lupin-and-honeywell-move-forward-jointly-with-plans-for-hfo-technology-in-inhalers-302460037.html

SOURCE Lupin Limited

Eight new flagship battery products were unveiled to support greener, more efficient and profitable commercial transportation

HUIZHOU, China, May 20, 2025 /PRNewswire/ — EVE Energy, (“EVE Energy” or “the Company”), a global lithium battery company, held its inaugural Commercial Vehicle Battery Tech Day and Open Source Battery Products Launch in Huizhou, China. The Company officially released eight new-generation Open Source Battery products for vans, light and heavy trucks, buses, and construction machinery. The new series addresses key industry challenges and maximizes user benefits. At the event, EVE Energy and Conch Venture announced a strategic partnership to collaborate on creating a green, low-carbon future.

Dr. James Jiang, Vice President of EVE Energy and President of EVE Battery System Research Institute, commented, “Amid rapid technological progress, EVE Energy is upgrading Open Source Battery for all commercial scenarios, empowering new energy commercial vehicles in four key areas: faster charging, lighter weight, longer life, and improved operation. We aim to contribute to the development of commercial transportation, and this mission also reflects EVE Energy’s original intention to develop Open Source Battery.”

The event highlights the rapid growth opportunities within the new energy commercial vehicle sector. The newly unveiled Open Source Battery series, tailored for diverse applications such as urban logistics, short-haul transportation, long-haul trucking, passenger transit, and infrastructure projects, harnesses cutting-edge core battery technology to position itself as the premier energy solution for commercial vehicles.

• For vans, the LF125P 41.86-kWh battery uses a 2C constant current direct charging system, delivering a stable 250-amp maximum charging current and achieving SOC 20% to 80% in 18 minutes. It features a natural cooling thermal management system to achieve lower energy consumption and costs, and comes with an eight-year or 600,000-kilometer warranty.
• For light trucks, the M254 160-kWh battery features a mid-mounted, large single-pack design with a gravimetric specific energy of 180 Wh/kg, offering a 400-kilometer range and 85% efficiency at minus 20 degrees Celsius.
• For heavy trucks, EVE Energy introduced CTB technology batteries for both short-haul and long-haul transport. Highlights include the LF230P 453-kWh battery, which supports 10% to 80% ultra-fast charging in 18 minutes, and an LF668 448-kWh battery with high integration, 668 amp-hours capacity, a height under one meter, and a 0.5-ton weight reduction. The LF420 563-kWh battery offers 145 Wh/kg specific energy, and the LM284 851-kWh battery has 170 Wh/kg energy density and a 700-kilometer range.
• For buses, the LF324S 43.8-kWh battery is designed for full life-cycle performance with a 10-year or 1 million-kilometer warranty, achieving 170 Wh/kg gravimetric specific energy and 268 Wh/L volumetric specific energy through three major technological breakthroughs.
• Lastly, the LF628 350-kWh battery for loader offers 200 Wh/L integration, a rapid two-minute assembly time, and a cycle life of 6,000 charges.

Furthermore, all five foundational technologies underpinning the performance of the advanced commercial vehicle battery solution were also disclosed in full. Its LMX chemical system supports an 800V platform, 15% more power retention on a single charge, and 40-minute charging at minus 30 degrees Celsius. A minimalist design cuts parts by 50%, boosts system power by 25%, and reduces resistance by 50%. Third-generation 3D liquid cooling limits system temperature to 42 degrees Celsius with a 5-degree Celsius differential, extending life by 20%. Safety features exceed national standards in China, withstanding 300-joule impact and 3-meter drop tests. AI-powered operations provide 7-day fault warnings, 3% SOX accuracy across scenarios, and cut energy consumption by 10%.

At the launching ceremony event, the joint exhibition areas with Huawei, Sany, Dongfeng Trucks, Foton, JAC, Farizon, and DFLZM showcased advanced technology.

To explore EVE Energy’s full range of the Open Source Battery and its vision for zero-carbon transportation, please visit https://www.evebattery.com/en.

View original content to download multimedia:https://www.prnewswire.com/news-releases/eve-energy-hosts-inaugural-commercial-vehicle-battery-technology-day-unveiling-innovative-open-source-battery-solutions-for-full-range-of-commercial-vehicles-302460009.html

SOURCE EVE Energy Co., Ltd.

HONG KONG, May 20, 2025 /PRNewswire/ — A research team led by Hong Kong Baptist University (HKBU) has developed a novel catalytic membrane that can substantially boost the efficiency of cleaning wastewater using a modified advanced oxidation process (AOP). The invention contributes to the effort of tackling environmental pollution problems by offering a safer, more cost-effective, and environmentally friendly solution for wastewater treatment.

The research findings have been published in the international academic journal Advanced Functional Materials.

Novel technology targeting phenolic pollutants

Water pollution is a pressing environmental issue. Phenolic compounds are a major group of pollutants that pose a significant threat to the world’s potable water supply. They are widely present in industrial effluents, agricultural runoff and municipal wastewater. They can persist in the environment for long periods, accumulate in living organisms and pose significant risks to human health and water quality. Traditional methods for removing phenolic pollutants often require hazardous chemicals or energy-intensive processes.

AOPs have been increasingly recognised and developed over the past few decades to remove pollutants from water. They are a set of chemical treatment methods which activate oxidants into reactive oxygen species (ROS) that can be used to break down pollutants in wastewater. Among these ROS, singlet oxygen (¹O₂) is particularly effective in targeting phenolic compounds.

More efficient in generating ROS

However, existing methods to generate ROS usually require strong oxidants and energy inputs as catalysts, which can be costly and environmentally unfriendly. Moreover, traditional AOP systems face two significant challenges: the inefficient transfer of molecular oxygen (O₂) in water due to its low solubility, and the difficulty in getting pollutants to interact with the catalyst surface due to the surrounding water film as a barrier.

In response to these issues, a research team led by Professor Zhao Jun, Associate Professor of the Department of Biology at HKBU, has developed a novel catalytic membrane named “NGCF-OV”. It is made from a composite material that combines two advanced materials, N-doped reduced graphene oxide and cobalt ferrite. This membrane offers a promising solution for AOP and addresses the challenge of efficiently activating molecular oxygen to become ¹O₂.

Proven efficacy in degrading bisphenol A

The NGCF-OV membrane contains unique sites (asymmetric Co-OV-Fe sites) that can adjust the bond length of O_2, i.e., the distance between the centres of the two oxygen atoms that are bonded together, and thus facilitate faster and more efficient electron transfer. As a result, ¹O₂ can be produced without the need for other catalytic agents and external energy inputs. Additionally, the membrane also features graphitic nitrogen sites that trap pollutants close to the membrane’s surface. The distance between the pollutants and the ¹O₂ molecules generated is therefore significantly reduced, overcoming the water film barrier issue with reaction efficiency greatly improved. 

The NGCF-OV membrane demonstrated superior efficiency in generating and utilising ¹O₂ for pollutant degradation. Test results show that this novel technology can completely degrade bisphenol A, a common and harmful pollutant, in just 86 milliseconds (one thousandth of a second), outperforming many existing cleanup methods.

More sustainable and efficient wastewater treatment

Professor Zhao said: “This research marks a significant advancement in the field of water treatment and represents a promising strategy for addressing environmental pollution. By effectively integrating the processes of O₂ activation and pollutant degradation within a single membrane, this technology offers a more sustainable and efficient approach to treating contaminated water.

“The ability to generate reactive oxygen species without external energy inputs makes this membrane particularly suitable for emergency pollution remediation and everyday water treatment applications,” he added.

Application of the NGCF-OV membrane is not limited to the degradation of a specific pollutant like bisphenol A. Instead, its catalytic properties can be harnessed for the degradation of a variety of organic pollutants in wastewater, such as antibiotics, pesticides, dyes, etc. It paves the way for more advanced practical pollution remediation technologies and contributes to the broader goal of protecting public health and preserving the environment.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hkbu-develops-new-catalytic-membrane-that-boosts-efficiency-of-cleaning-wastewater-using-oxygen-302459978.html

SOURCE Hong Kong Baptist University

• Largest Series A financing round in Asia’s diagnostic technology sector since 2019 underscores strong investor confidence in PHASE Scientific’s breakthrough diagnostic technology and growth vision.
• Investment to accelerate R&D and commercialization of cutting-edge early disease detection technology for multiple cancers, women’s health issues, and infectious diseases.

HONG KONG, May 19, 2025 /PRNewswire/ — PHASE Scientific International Limited (“PHASE Scientific”), a pioneering biotechnology company revolutionizing early disease detection through proprietary urine-based diagnostics, today announced the successful completion of a US$34 million Series A funding round. This represents the largest Series A raise in Asia’s diagnostic technology sector since 2019, reflecting robust investor conviction in PHASE Scientific’s innovative PHASIFY™ technology and ambitious growth strategy. The funding round is led by a private equity fund managed by Value Partners Group (HKEX: 0806), one of Asia’s largest independent asset management firms, with significant backing from new healthcare-focused investors and continued support from existing global backers.

Building on its patented PHASIFY™ urine concentration technology—which captures over ten times more biomarkers than current industry gold standards—PHASE Scientific is the only player advancing a pipeline of urine-based liquid biopsy diagnostics. The company is developing a comprehensive suite of non-invasive tests for early detection of cancers, women’s health conditions, and infectious diseases. Unlike traditional invasive screening methods, PHASIFY™ enables convenient, at-home sample collection, empowering proactive health management and preventive care.

PHASE Scientific has demonstrated strong market traction with the successful launch and commercialization of over 30 innovative diagnostic products across multiple health categories, including respiratory, gastrointestinal, women’s, sexual, pediatric health, and oncology. To date, the company has distributed more than 100 million tests in over 30 countries and conducted over 8 million laboratory tests worldwide. Building on this commercial success, PHASE Scientific has developed the world’s first urine-based HPV test—a major breakthrough that has achieved significant clinical validation and global recognition. In a recent clinical study with Peking University Shenzhen Hospital, the test demonstrated 93.4% sensitivity in detecting CIN2+ lesions—including cervical precancer and cancer—and over 97% concordance with gold-standard physician-collected testing (Roche’s Cobas 4800) for HPV types 16 and 18. The innovation earned the Thomas V. Sedlacek, MD, Prize for Best Clinical Research Abstract at the 2025 American Society for Colposcopy and Cervical Pathology (ASCCP) Annual Scientific Meeting and was featured at the Chinese Society for Colposcopy and Cervical Pathology (CSCCP) Conference, reflecting growing international interest and recognition. These results underscore PHASiFY™’s potential to make cervical cancer screening more accessible, comfortable, and user-friendly.

“The successful close of this landmark Series A financing validates the transformative potential of our technology and the growing global demand for accessible, accurate early disease detection,” said Dr. Ricky Chiu, Founder, Chairman and CEO of PHASE Scientific. “With this capital, we will accelerate R&D and commercialization efforts to bring a comprehensive suite of next-generation urine-based diagnostics to market. Our mission is to empower millions worldwide with non-invasive, user-friendly testing that can save lives through earlier intervention.”

“We are delighted to become a partner of PHASE Scientific as it rapidly grows and addresses critical unmet needs in early disease detection. Its innovative technology represents a paradigm shift, offering an unparalleled combination of clinical precision and patient-centric solutions that accelerates the development of early disease detection. This aligns with our strategy to back category-defining leader with strong management, clear strategic differentiation, and best-in-class healthcare technologies that deliver both societal impact and scalable commercial potential,” said Dr. Chuen Yan Leung, Partner (Healthcare Investments) of Value Partners Group.

Founded in 2015, the company is headquartered in Hong Kong SAR with cross-border setup in Southern California, U.S.A. and China’s Greater Bay Area, which allows it to leverage the strengths of each region for research, development, and commercialization, positioning PHASE Scientific at the nexus for healthcare innovation on a global stage.

Note to Editor: The global liquid biopsy market, fueled by the demand for non-invasive cancer diagnostics, is forecasted to reach around US$22.69 billion by 2034 at a CAGR of 13.91% from US$7.05 billion in 2025, according to Precedence Research.

About PHASE Scientific

PHASE Scientific is a fast-growing biotechnology company with a mission to inspire a new state of health through innovative diagnostics and healthcare solutions. With operations in the U.S., mainland China, and Hong Kong SAR, PHASE delivers novel diagnostic tools and services for cancer and infectious diseases using proprietary technologies, empowering better disease detection, diagnosis, and management.

Since its founding, the company has been supported by Gates Foundation, US governmental agencies National Science Foundation and National Institute of Health, Ministry of Science and Technology of China, Hong Kong Innovation, Technology and Industry Bureau and Hong Kong Science and Technology Parks. For more information, please visit phasescientific.com. 

About PHASIFY™

PHASIFY™ is the world’s first urine concentration technology designed for molecular diagnostics, setting a new industry benchmark by capturing approximately 10 times more target analytes from urine specimens compared to the current gold standard. This advanced mechanism enables the concentration and purification of unlimited volumes of urine, dramatically increasing the sensitivity and accuracy of disease detection.

This proprietary innovation uniquely positions PHASE Scientific as the only player in the urine-based liquid biopsy diagnostics field, with proven clinical performance for multi-cancer detection. With a non-invasive and painless approach, PHASIFY™ empowers convenient sample collection, unlocking new possibilities for early, accessible, and comprehensive disease screening and diagnosis.

About Value Partners Group Limited

Value Partners, one of Asia’s leading independent asset management firms, seeks to offer world-class investment services and products. Since its establishment in 1993, the Company has been a dedicated, specialist value investor in Greater China and Asia. In November 2007, Value Partners Group became the first asset management firm to be listed on the Main Board of the Hong Kong Stock Exchange (Stock code: 806 HK). In addition to its Hong Kong headquarters, the firm operates in Shanghai, Shenzhen, Singapore and London. Value Partners’ investment strategies cover equities, fixed income, multi-asset, alternatives, real estate and quantitative investment solutions, for institutional and individual clients in Asia Pacific, Europe and the United States. For more information, please visit www.valuepartners-group.com.

Media Contact

PHASE Scientific
pr@phasesci.com

FGS Global
PhaseSci@fgsglobal.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/phase-scientific-raises-us34-million-series-a-round-to-advance-urine-based-diagnostic-technology-for-early-disease-detection-302459075.html

SOURCE PHASE Scientific

Uplist Application to OTCQB Submitted in May 2025

WILMINGTON, Del., May 19, 2025 /PRNewswire/ — Thunder Power Holdings, Inc. (OTCPK: AIEV) (“Thunder Power” or the “Company”), a technology innovator and developer of premium passenger Electric Vehicles (“EVs”) whose acquisition strategy is focused on addressing strategic gaps in the EV sector with a diversified approach across the clean energy value chain, today announced it has filed its Form 10-Q  with the SEC for the period ending March 31, 2025.

First Quarter 2025 Financial and Operational Summary

• Revenues were nil, consistent with the same period in 2024.
• Net loss was approximately $755,000, or $0.02 per basic and diluted share, compared to $214,000, or $0.01 per basic and diluted share, for the same period in 2024.
• Operating expenses were approximately $755,000 for the quarter ended March 31, 2025, compared to $214,000 in the prior year. The increase was primarily due to higher professional expenses incurred to support the Company as a listed entity, as well as increased consulting expenses. These increases were partially offset by lower research and development expenses.
• Cash position was $19,812 at quarter end.
• Executed Amendment of its Share Exchange Agreement with TW Company in January, and other in May 2025.
• Please see our recently filed 2025 first quarter Form 10-Q at www.SEC.gov for more information.

Subsequent to Quarter End

Thunder Power Holdings received a final delisting notice from Nasdaq following an April 15, 2025 hearing, resulting in the suspension of trading on Nasdaq and the removal of AIEV from related indices. Effective April 21, 2025, the company’s shares began trading on the OTC Pink Open Market under the symbol AIEV. In May, Thunder Power submitted its application to uplist to the OTCQB Venture Market, with plans to reapply for a Nasdaq listing once eligible. The Company stated that this transition does not affect its business operations or SEC reporting requirements and continues to pursue strategic initiatives, including its pending share exchange with Electric Power Technology Limited, which is publicly traded on the Taipei Exchange (TPEX) in Taiwan under its stock ticker symbol 4529, and ongoing M&A activities in the green energy sector.

Christopher Nicoll, Chief Executive Officer of Thunder Power, commented, “We remain steadfast in our commitment to building a differentiated electric vehicle platform, despite the challenges faced this quarter. Our team has continued to advance our product development roadmap and execute on our strategic initiatives, including the amended share exchange agreement with Electric Power Technology. While the current capital markets environment and the recent Nasdaq suspension have presented real obstacles, we are actively pursuing new financing avenues and partnerships to support our long-term vision. We believe the foundation we are laying today through disciplined operational management and a focus on innovation will position Thunder Power to capture emerging opportunities in the global EV market as we move closer to commercialization.”

Pending Share Exchange Transaction with Electric Power Technology Limited

On March 4, 2025, TW Company announced that it entered into equity trading agreements with shareholders of Laiyang Solar Energy Co. (Laiyang) and Jinlaiyang Solar Energy Co. (Jinlaiyang) for the purchase of 4.4 megawatts generation capacity, which are expected to provide additional solar energy exposure for both TW Company and Thunder Power. Solar generation in Taiwan represented 5% of the electricity market in 2024. The Taiwanese government has set a target for 15% of the island’s electricity to come from renewable energy sources by 2025. Solar is forecasted to grow to 35% of total installed generation capacity by 2035. TW Company is listed on the Taipei Exchange under the code 4529.

Product Development, Partnerships, and Strategic Transactions

In parallel with ongoing EV product development, the Company executed significant strategic transactions to strengthen its platform and expand its international footprint. On December 19, 2024, Thunder Power entered into a Share Exchange Agreement with certain shareholders of Electric Power Technology Limited (“TW Company”), a Taiwan corporation. Under this agreement, as amended on January 27, 2025 and May 14, 2025, the Company will acquire approximately 30.8% of TW Company’s total issued and outstanding shares in exchange for newly issued shares of Thunder Power common stock. The transaction, which remains subject to regulatory and shareholder approvals, is expected to enhance Thunder Power’s access to advanced technologies and manufacturing capabilities in Taiwan, supporting its long-term growth and global expansion strategy.

Additionally, the Company continues to pursue partnerships and capital market initiatives, including the implementation of a forward purchase agreement and a common stock purchase agreement with institutional investors. These arrangements are designed to provide Thunder Power with greater financial flexibility as it moves toward commercialization of its clean energy strategy.

About Thunder Power Holdings, Inc. 

Thunder Power is a technology innovator and a developer of innovative electric vehicles (“EVs”). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high performance EVs, targeting markets initially in Asia & Europe. Thunder Power’s acquisition strategy is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. For more information, please visit: https://aiev.ai/.

Contact:

AIEV Investor Relations
AIEV@dennardlascar.com
713-529-6600

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminologies such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company’s ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the Nasdaq Global Market or successfully transfer its listing to the Nasdaq Capital Market; (iii) financial risks, such as the Company’s liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company’s current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company’s ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company’s filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules.

View original content:https://www.prnewswire.com/news-releases/thunder-power-holdings-inc-files-first-quarter-2025-form-10-q-302459473.html

SOURCE Thunder Power Holdings, Inc.

The Samaritan Inn and Dozens of Support Agencies at Risk Without Urgent Public Action

MCKINNEY, Texas, May 19, 2025 /PRNewswire/ — Through late-night procedural maneuvers and a closed-door vote, Senate Bill 2623 (SB 2623) has moved out of committee and is now headed to the Texas House Calendars Committee. If scheduled for a floor vote, it could lead to the shutdown of veteran and homeless support services statewide, according to The Samaritan Inn.

SB 2623 prohibits homeless navigation service providers from operating within 1,500 feet of schools, colleges, and parks—without a grandfather clause for existing organizations. If passed, this bill would force The Samaritan Inn and other established providers to shut down or relocate, cutting off access to essential resources for thousands of Texans, including veterans.

“This bill is reactionary and harmful,” said Jill Scigliano, Chief Executive Officer, The Samaritan Inn. “We are not the problem—we are part of the solution.”

Last week, a scheduled hearing for SB 2623 was canceled just before midnight. Advocates who traveled to testify were never heard, and 296 submitted public comments were ignored. The bill initially failed, but a motion to reconsider reversed that outcome by a 6–5 vote.

Local agencies confirmed to be affected include The Samaritan Inn, City House, The Storehouse of Collin County, Mission Oak Cliff, All Community Outreach, Agape Resource Center, The Stewpot, Vogel Alcove / Family Gateway, and Hope Restored Missions.

The exclusion zones in SB 2623 exceed those applied to sex offenders, and the bill offers no process for appeal or exemption.

Take Action Now

There is still time to stop this bill. The most effective action is to visit the Capitol in Austin and submit a red card opposing SB 2623 to the Calendars Committee. If you can’t go in person, please contact the below committee members by phone:

Todd Hunter – 512-463-0672
Toni Rose – 512-463-0664
Terry Canales – 512-463-0426
Stan Gerdes – 512-463-0682
Cody Harris – 512-463-0730
Ana Hernandez – 512-463-0614
Ann Johnson – 512-463-0389
Jeff Leach – 512-463-0544
Janie Lopez – 512-463-0640
Ramon Romero, Jr. – 512-463-0740
Carl Tepper – 512-463-0676

Calling is most effective but if no answer, please email using this format: firstname.lastname@house.texas.gov 

Say: “I oppose SB 2623. Please keep it in Calendars. This bill would shut down essential homeless and veteran services our communities depend on.”

Media Contact:
The Samaritan Inn
395402@email4pr.com
(972) 542-5302
www.saminn.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/senate-bill-2623-threatens-to-shut-down-veteran-and-homeless-services-across-texas-says-the-samaritan-inn-302459500.html

SOURCE The Samaritan Inn

A Three-Day Celebration Amplifies Black Arts, Economic Empowerment, and Community Impact During Black Business Month

SALT LAKE CITY, May 19, 2025 /PRNewswire/ — The Unity Block Party, Utah’s largest Black-led cultural event, returns for its third year as a three-day cultural and economic powerhouse from August 29–31, 2025. Headlined by Grammy-nominated performance vocalist Durand Bernarr, this year’s celebration promises to be bigger, bolder, and more impactful than ever—showcasing Black excellence at the intersection of music, business, and community during Black Business Month.

The Unity Block Party kicks off on Friday, August 29 with an outdoor film screening and panel discussion presented in partnership with Sundance Institute, followed by an all-day cultural celebration on Saturday, August 30, and concludes with a powerful Black Creatives Excellence Brunch on Sunday, August 31, spotlighting thought leaders, entrepreneurs, and community builders shaping Utah’s future.

This year’s featured talent includes:
Miles Minnick, Honey Bxby, The King Will Come, Quail, Cure For Paranoia, Evolution Of The Revolution, Afia Chin, Detzany, Nubia Soul Goddess, Bunny, and Corey Stefon
with hosts including Shaadie, Nayo Campbell (Utah Jazz), Deja Brown (KSL Utah, and CJ Miles (Former Utah Jazz Player).

Festival sponsors and partners include Block, Sundance Institute, Rocky Mountain Power, Uncle Nearest, Redmond Re-Lyte, Shadow Mtn Productions, SLC ACE Grant, ZAP Grant, and community allies such as Utah Film Commission, The Blocks Art District, and Avanza Utah.

“I’m honored to headline the Unity Block Party because it’s about more than music—it’s about movement,” said Durand Bernarr. “We’re showing up fully, loudly, and joyfully in a space that’s never seen anything like this before. This isn’t just a show—it’s a statement that needs to be experienced.”

From the mainstage energy of Saturday’s Block Party to the intentional networking of Sunday’s brunch, Unity Block Party 2025 provides:

• A launchpad for Black-led startups and creatives, strengthening Utah’s $512.1 million arts economy.
• A catalyst for economic mobility, connecting underrepresented entrepreneurs with new audiences and corporate partners.
• A safe, joyful space for culture, community, and celebration in the heart of downtown Salt Lake City.

“What started as a memorial installation in 2020 has evolved into a national movement,” said Michelda G. Castro, founder of Versatile Image and event organizer of the Unity Block Party. “This weekend is a love letter to our community—and a blueprint for how art, culture, and economic justice can come together to build a better future.”

Events include:

Day 1 — Outdoor Film Screening
In partnership with the Sundance Institute, the Unity Block Party kicks off with an outdoor screening of a major award-winning film that premiered at the 2021 Sundance Film Festival.
Library Square | 7PM–11PM | FREE

Day 2 — Benefit Concert headlined by Durand Bernarr
A full-day celebration with live music, food vendors, Black-owned businesses, DJs, and immersive art
Library Square | 11AM–11PM (Concert 5PM) | $30–$150

Day 3 — Black Creatives Excellence Brunch
In partnership with OurSundays, this intimate, invite-only brunch centers economic advancement, business innovation, and networking
Neutral Ground Lounge | 11AM–3PM | $55–$95

Discover the “U” in Community. Join the Movement.

Press credentials, media kits, and sponsorship opportunities available here.

ABOUT UNITY BLOCK PARTY
Founded in 2020, the Unity Block Party is a nationally recognized, Black-led festival designed to celebrate cultural excellence, economic empowerment, and artistic innovation. Anchored in Salt Lake City and powered by community partnerships, the event brings together thousands of attendees each year to champion equity, creativity, and collective progress.

Contact:
Kenny Williams Jr.
National PR Lead, Unity Block Party
kennywilliamsjrbookings@gmail.com 
313-525-6783

View original content to download multimedia:https://www.prnewswire.com/news-releases/unity-block-party-returns-for-2025-with-grammy-nominated-headliner-durand-bernarr-and-a-mission-to-uplift-black-culture-business-and-creativity-in-utah-302459445.html

SOURCE Versatile Image