Wynn Resorts (Macau) S.A. and Macau SAR Government Enter into Concession Extension Agreement

23-06-2022 18:03 | 5 dagen geleden Economie

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Gaming concession extended to December 31, 2022

MACAU, June 23, 2022 /PRNewswire/ -- Wynn Resorts (Macau) S.A. (hereafter referred to as Wynn) is pleased to announce that it has entered into the Concession Extension Agreement with the Macau SAR Government, to extend the gaming concession of Wynn from June 26, 2022 to December 31, 2022.

Wynn would like to express its sincere gratitude to the Government for its guidance during the Concession Extension Agreement process. Wynn believes that this extension will enable it to make continued contributions to the future development of Macau and the local community. We look forward to the announcement of the requirements and details of the public tender process for the new gaming concessions and will liaise closely with the government to make thorough preparations for active participation in the bidding.

The approval of the Gaming Law Amendment Act has laid an essential long-term foundation to facilitate the orderly, healthy, and sustainable development of the industry. In addition to adhering to the relevant requirements of the Act, Wynn will continue to fulfil its social responsibilities and fully support the Government in promoting the moderate diversification of Macau's economic development, enhancing its competitiveness in integrated leisure and tourism, and further strengthening its profile among international tourists. Wynn will also actively cooperate with the Government to enrich the development of Macau as a world center of tourism and leisure.

In accordance with the terms of the Concession Extension Contract, Wynn has paid to the Macau SAR Government MOP47 million (equivalent to approximately HKD45.6 million) upon signing of the Concession Extension Agreement as contract premium for the extension. For further details of the extension, please see the announcement published on the website of the Hong Kong Stock Exchange at www.hkex.com.hk.

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CONTACT: For media enquiries, please contact: Katharine Liu, Senior Vice President - Communications, Phone: (853) 8889 3901, Email: Katharine.liu@wynnmacau.com; Serena Chin, Director - Public Relations, Phone: (853) 8889 3903, Email: serena.chin@wynnmacau.com

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LONDON, June 28, 2022 /PRNewswire/ -- Deepki, the only company in the world offering a fully populated ESG data intelligence platform for the real estate sector, announces that it has acquired UK-based competitor, Fabriq, as part of its ambitious international growth strategy. This follows the announcement of EUR150 million of new funding in March.

Founded in 2014, Deepki's SaaS platform helps real estate investors, owners and managers improve the ESG performance of their real estate assets, and in the process maximise their value. The acquisition will consolidate Deepki's leadership position in Europe, where it already has offices in Paris, London, Berlin, Milan and Madrid.

Fabriq was founded in 2011 with the objective to drive a step-change in how buildings are operated from an environmental point of view. It has best-in-class technological software assets and boasts 40 clients across real estate owners and asset managers, which use its proprietary Fabriq OS SaaS platform, which focuses on the energy efficiency of real estate assets and has complementary features to Deepki's platform.

Vincent Bryant, CEO and Co-founder of Deepki, said:

"Fabriq is a strong brand and has an excellent reputation in the sector. Its existing technology is complementary to Deepki Ready and, combined with our advisory services, this makes it an exciting partner as we build the business globally.

"There is a huge opportunity for us to help real estate reach net zero. Urgent action is needed, and investors need to recognise that much more money needs to be directed to net zero strategies and that they may not have the expertise or resources necessary to tackle the enormous climate change challenge."

Benjamin Kott, Founder of Fabriq, adds: "We are very excited to be joining Deepki on its global growth journey and consolidating its leadership position. The two businesses provide a proposition which is second to none when it comes to helping real estate asset owners make informed decisions on improving building sustainability and performance and achieving real impact in reducing emissions from building operations in line with climate change policies."

Deepki's SaaS platform enables clients to gain a comprehensive overview of their portfolio's ESG performance, establish investment plans to reach net zero, and assess results. The platform is supported by carbon and ESG experts who partner with clients across data collection and analysis, through to ESG strategy definition and implementation.

CONTACT: Clare Anderson: Email: clare@andersoncommsconsultancy.com, Mobile: +44 (0) 7958 665 883

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Ara Partners Acquires Petainer Investment to Support Growth of Leading Sustainable Packaging Company

DUBLIN, June 28, 2022 /PRNewswire/ -- Ara Partners ("Ara"), a private equity firm that specialises in industrial decarbonisation investments, today announced that it has acquired Petainer Ltd. ("Petainer" or the "Company"), a UK-based, global producer of sustainability-focused beverage packaging solutions. Petainer was acquired by Ara in partnership with Petainer management and affiliates of Next Wave Partners LLP.

Petainer, which is led by CEO Hugh Ross, is a technical and innovation leader in the development and manufacture of sustainable, high-performance polyethylene terephthalate (PET) packaging solutions for blue chip customers in the soft drinks, beer, water and other CPG sectors. The Company has particular strengths in refPET (multiple-use, refillable bottles), rPET (recycled PET) and circular applications.

Mr. Ross stated: "Ara's investment focus on industrial decarbonisation and its expertise and existing presence in the plastics recycling industry in Europe and the Americas make them a uniquely valuable partner for Petainer. Ara's ownership will significantly enhance Petainer's ability to invest in expansion alongside our multi-national customers as these customers implement their global sustainability and circularity strategies."

Petainer offers a wide range of sustainable PET packaging solutions which allow its customers to reduce their carbon footprint. It has over 35 years of experience designing and manufacturing high-quality, cost-efficient products with circularity as a core principle. It operates eight sites in Europe, the Americas and Asia to serve customers globally.

Christopher Picotte, a partner at Ara, noted: "Petainer is a compelling addition to Ara's portfolio of companies working to decarbonise the packaging industry through technical innovation and best practices. From its product leadership in the refPet and rPet markets, to the certified carbon neutral manufacturing at its Lidköpking factory in Sweden, the Company has consistently achieved success in decarbonising both its products and its own operations. We look forward to working with Hugh and his team and supporting Petainer in its future growth."

Ara Partners is a private equity firm specialising in industrial decarbonisation investments. Ara Partners invests in the industrial and manufacturing, chemicals and materials, energy efficiency, green fuels, and food and agriculture sectors, seeking to build businesses that provide significant decarbonisation impact. It operates from offices in: Houston, Texas; Boston, Massachusetts; and Dublin, Ireland. Ara Partners closed its second fund with approximately $1.1 billion in capital commitments in September 2021. For more information on Ara Partners, please visit www.arapartners.com.

Petainer offers a wide range of sustainable PET packaging solutions which allow its customers to reduce their carbon footprint. It has over 35 years of experience designing and manufacturing high-quality, cost-efficient products with circularity as a core principle. It operates eight sites in Europe, the Americas and Asia to serve customers globally.

Contacts Mark Semer / Alex Jeffrey Gasthalter & Co. LP. arapartners@gasthalter.com (212) 257-4170

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Ceres and Shell announce electrolyser agreement for green hydrogen

-- Megawatt scale demonstrator to be located in Bangalore, India -- Aim to deliver low-cost green hydrogen for industrial decarbonisation LONDON, June 28, 2022 /PRNewswire/ -- Ceres Power a global leader in fuel cell and electrochemical technology, is pleased to announce that it has signed an agreement with Shell to deliver a megawatt scale solid oxide electrolyser (SOEC) demonstrator in 2023.

Shell and Ceres are building this partnership to utilise SOEC technology to deliver high-efficiency, low-cost green hydrogen; now widely viewed as a credible route to decarbonise hard-to-abate parts of the energy system that rely on fossil fuels today.

Ceres aims to produce hydrogen at efficiencies around 20% greater than other technologies, in the range of mid-80s to 90% efficiency where it is possible to make use of waste heat in industrial processes to drive this high efficiency.

Ceres has committed £100 million for the development of its SOEC technology - with the aim of achieving a market-leading levelised cost of hydrogen of $1.5/kg by 2025. The agreement with Shell aligns with Ceres' business strategy and provides a pathway to the commercialisation and development of new markets.

The system will be installed at Shell's research and development technology centre in Bangalore, India, where the hydrogen will be used in industrial processes on site. The centre is a key part of Shell's focus on innovation and technology with the potential to provide cleaner energy solutions.

Phil Caldwell, Chief Executive of Ceres commented: "Today's announcement with Shell is a hugely important step for Ceres. The partnership endorses our business strategy and signals the potential of our SOEC technology to deliver low-cost green hydrogen for industrial decarbonisation at the scale and pace needed to reach net zero."

Yuri Sebregts, EVP Technology, Shell: "Shell's Powering Progress strategy sets a clear ambition for Shell to be a leader in the energy transition and accelerate our journey to become a net-zero emissions energy business by 2050. Hydrogen features heavily in that strategy. Ceres, with their differentiating SOEC technology, have the potential to produce Hydrogen at an optimum cost and efficiency profile. The pilot and collaboration with Ceres are a step forward in maturing this promising technology towards industrial scale."

For further information visit www.ceres.tech

CONTACT: FTI Consulting (Financial PR), Dwight Burden, Tel: +44 (0)203 727 1000, Email: ceres_power@fticonsulting.com

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Nippon Electric Glass Develops New Products, Expanding 5G Wireless Communication Area

OTSU, Japan, June 28, 2022 /PRNewswire/ -- Nippon Electric Glass Co., Ltd., headquartered in Otsu, Shiga Prefecture, Japan, has developed a transparent antenna, which is made of a glass substrate, and a repeater (*1), which uses radio wave lenses and does not require power supply, for 5G millimeter-wave wireless communication technology. These products will be exhibited at the fifth 5G Technology Expo to be held at Tokyo Big Sight from June 29 to July 1, 2022.


Images: Product photos and usage

Image: Expected usage location

5G uses radio waves of two frequency bands, Sub-6 (under 6 GHz) and millimeter wave (28 GHz). To achieve high-speed communication, it is necessary to use the millimeter-wave band, which can secure a wide bandwidth. However, millimeter waves are significantly attenuated in the atmosphere. Due to strong linearity of propagation, they do not diffract behind obstacles. To cover a wide area, a mechanism to resolve these issues is required.

The newly developed transparent antenna has a special antenna pattern on a glass substrate, whose dielectric constant (*2) (4.0) and loss tangent (*3) (0.002) are the smallest in the world (*4). This is a highly efficient transparent antenna. The size of glass substrates can be increased, making it possible to manufacture multiple products from a single substrate. This contributes to improving the antenna productivity and enables formation of antennas for multiple bands on a single substrate. By making the antenna transparent, the antenna functionality can be added without spoiling the design and landscape of an installation location. The antenna can be installed in various locations, such as windows, walls, displays, and vehicles.

The repeater, which is the other newly developed product, consists of two radio wave lenses and a waveguide. It receives and retransmits radio waves and changes the direction of radio waves without power supply even under circumstances where radio waves are blocked by walls and window glass. By changing the shape of the lens, radio waves can be transmitted in a certain direction or over a wide range. The lens is not subject to deterioration caused by ultraviolet rays because it is made of glass. It can be used stably over a long period in various places, both indoors and outdoors.

The Company will contribute to expanding and spreading the use of millimeter-wave radio waves by marketing the two newly developed products.

Notes: (*1) Repeater: A relay to receive and retransmit radio waves. (*2) Dielectric constant: An index of polarizability when a voltage is applied to a material. The lower the relative permittivity, the lower the signal attenuation. (*3) Loss tangent: A measure of energy when a dielectric substance is polarized. The smaller the loss tangent, the lower the conversion of electromagnetic energy into heat, and as a result attenuation of signals is reduced. (*4) Smallest in the world: Among multi-component glass substrates, in 28 GHz, based on a survey conducted by the Company in June 2022.

For more information, please visit: https://info.neg.co.jp/EN_220613

CONTACT: Masanori Hirose, Manager, PR, IR & Advertising, Administrative Division, Nippon Electric Glass Co., Ltd., Tel: +81-77-537-1702, Email: mhirose@neg.co.jp.

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Pijar Foundation and EdHeroes Network Strategic Agreement: Global Future Talent Alliance and EdHeroes Hub

JAKARTA, Indonesia, June 28, 2022 /PRNewswire/ -- A global educational initiative EdHeroes just announced the launching of its Indonesian hub. The corresponding "Memorandum of Cooperation" was ceremoniously signed during a private event for innovators and experts in education, on June 17th 2022 in the Ritz Carlton Pacific Place, Jakarta. The main partner in Indonesia is Pijar Foundation, a non-profit which catalyzes initiatives of the future through "collaborative governance" - a coalition of public, private, and community sectors.

The launch was attended by Surakarta king GPH Bhre Cakrahutomo Wira Sudjiwo, KGPAA Mangkunegara X, as well as representatives from the Ministry of State-Owned Enterprises of the Republic of Indonesia, Puteri Indonesia Foundation, Kisah Kasih Organization and more.

EdHeroes Advisory Board members Osama Obeidat, CEO of Queen Rania Teacher Academy, and Shaun Conway, founder and president of iXO Foundation, signed the memorandum and stressed the importance of EdHeroes being institutionalised in Indonesia Hub as there would be a lot of events with positive effects on education in the coming few years in the country.

EdHeroes is a global educational initiative, driven by the mission to unite, support and inspire families around the world by providing access to quality education. The EdHeroes Network already unites over 63,000 supporters and regularly hosts global and regional events. Some of their partners are: the World Bank Group, UNESCO IITE, Dream a Dream, Teach For All, Wolfram, Educate Girls, Educate! and more.

During the launch of EdHeroes Indonesian Hub, Pijar Foundation also announced the Global Future Talent Alliance initiative.

The "Global Future Talent Alliance" (GFTA), is a collaborative resource-sharing ecosystem on a mission to reform education for our next generation. To this end, GFTA will connect education innovators, philanthropies, and other organizations eager to test and scale initiatives to close the global talent gap. GFTA's resource-sharing mechanism allows innovative and experimental education initiatives to find financial resources needed and learn about best practices from around the world.

"The global skills gap is a critical issue for our current and future generations. We welcome all education reformers to join this alliance and break barriers together," said Cazadira Fediva Tamzil, Lead of GFTA by Pijar Foundation. In its first year, GFTA aspires to support 25 initiatives globally.

EdHeroes and Pijar Foundation recently met education innovators across Indonesia, including Princess Mangkubumi, the Royal family of Yogyakarta member, well-known as a youth movement and education activist. They are also taking part in the 2022 Asian Venture Philanthropy Network (AVPN) conference in Bali, Asia's largest social investing convening seeking to drive capital toward impact.

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CONTACT: Daria Bashkatova | +7 926 268 39 14 | d.bashkatova@edheroes.network

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Fast Buds: German cannabis legalisation will open the door to home cultivation.

BARCELONA, June 28, 2022 /PRNewswire/ -- In a potentially game-changing development for the cannabis industry, the German government has confirmed its plans to legalise the sale of recreational cannabis in the coming months.

The policy, first revealed as part of a pledge in the deal between Chancellor Olaf Scholz's recently formed coalition government, is expected to open the door to potentially the largest legalised cannabis market in Europe.

This month's exciting developments are certainly a boost for Fasbuds, with the acclaimed seed company very much in the midst of planning for a legalised marijuana market within Germany. With a strong presence already established in Austria, operations will be expanded into Germany in the coming months, with a plan to find potential outlets and develop distribution already underway.

With up to 5% of the German population consuming cannabis regularly, the upcoming legislation opens up a potentially vast and exciting new market for cannabis companies like Fast Buds, market leaders in cannabis seed production.

Boasting truly elite genetics that makes home growing easier than ever before, the Fast Buds team has been researching and experimenting with cannabis genetics for several years. The company's selection of only the most desirable phenotypes with the most stable growing traits has resulted in their truly outstanding catalogue of fast-growing autoflowering varieties.

Coalition Government Urged to [https://2fast4buds.com/news/germany-future-coalition-government-urged-to-legalize-cannabis]Legalize Cannabis

Beyond the hugely increased potential for co-operation and growth with both stores and distributors, Fast Buds intends to increase knowledge about home cultivation amongst German households dramatically. Already in discussions with a series of potential educational institutions, Fast Buds' years of experience and accrued knowledge have allowed them to collate their own extensive online library, already available in over ten languages.

Going forward, Fastbuds intends to systematise its extensive database of information while adding greater layers of detail to the existing content. This will enable both beginners and experienced cultivators alike to access the information they require with comparative ease. Having already translated the entire website into German and in tandem with the addition of a German helpdesk, Fast Buds is ready to serve an expanded German marketplace.

Working closely with the German legal organisation KFNPLUS, they will be able to analyse all steps of the current legislation systematically. This partnership will allow Fast Buds to react quickly to rapid changes and alter their internal policies according to future legislation where and when necessary.

Fast Buds have certainly established themselves as forerunners in the development of cannabis genetics, and as experts in the autoflowering seed market, they are confident that the impending legalisation of cannabis in Germany will provide a dramatic increase in business opportunities while simultaneously increasing interest in home cultivation.

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CONTACT: Jerry Fast Buds, info@2fast4buds.com, +34 936 25 66 76

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