Day: 25 September 2024

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REVO ZERO and Grupo Édora join forces to accelerate the green hydrogen revolution

This strategic partnership will expedite the deployment of a first-of-its-kind green hydrogen refueling network across the U.S. and Europe.

REVO ZERO and Édora sign agreement.

Harry Hobbs, Global Business Advisor and Board Member at REVO ZERO, Rafael Martín, CEO of Grupo Édora, and Ruben Creus, CEO and Founder at REVO ZERO, sign the agreement.

HERNDON, VIRGINIA, Sept. 25, 2024 (GLOBE NEWSWIRE) — REVO ZERO Corporation, a zero-emissions technology company, and Grupo Édora, a leading European renewable energy developer, announce Grupo Édora’s strategic investment in REVO ZERO to accelerate the deployment of a green hydrogen generation and refueling network in the United States and Europe.

Under the terms of this strategic investment, Grupo Édora has acquired a stake in REVO ZERO, and the two companies will collaborate on developing, financing, and deploying green hydrogen projects globally. REVO ZERO’s innovative modular approach to hydrogen generation and dispensing and Grupo Édora’s renewable energy infrastructure expertise will accelerate the roll-out of a first-of-its-kind hydrogen refueling network in the United States and Europe. The deployment of scalable green hydrogen technology will significantly reduce the cost of generating, transporting, and supplying hydrogen for the transportation industry.

“We are excited to partner with Grupo Édora,” said Ruben G. Creus, CEO of REVO ZERO. “Their experience in renewable energy development and commitment to sustainability makes them the perfect strategic partner for us to achieve our goals. This partnership will enable us to create the first private global hydrogen refueling network quickly and economically.”

“This strategic investment in REVO ZERO will advance Grupo Édora’s international expansion into the United States,” Rafael Martín, CEO of Grupo Édora, said. “We are already evaluating multiple solar projects in the southern corridor of the United States, from Florida to New Mexico, that will produce green energy for hydrogen generation and energy storage.”

The partnership will accelerate the deployment of hydrogen infrastructure for commercial closed-loop environments like airports, municipalities, and universities and will eventually serve the consumer market by providing public access to green hydrogen refueling. The network deployment will set the stage for REVO ZERO to deploy its proprietary pFC Technology vehicles, which utilize a plug-in battery and hydrogen fuel cell to achieve a range of up to 700 miles and refuel time of around 7 minutes.

In addition, Martín, a vehicle enthusiast and owner of one of the most impressive exotic vehicle collections in Europe, is joining the REVO ZERO vehicle engineering team as a special advisor. Martín’s input will be invaluable in helping REVO ZERO shape the future of the zero-emissions automobile industry.

This partnership is a significant milestone in making green hydrogen a reality for the transportation industry. The two companies are well-positioned to lead the way in this emerging industry, and their partnership will help accelerate the transition to a cleaner, more sustainable future.

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Savannah White
Communications Director
savannah.white@revozero.com
www.revozero.com

GlobeNewswire Distribution ID 9236461

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Montana Technologies Establishes International Office in the United Arab Emirates

Company to showcase transformational AirJoule® technology at the Water, Energy, Technology, and Environment Exhibition (WETEX) in Dubai

RONAN, Mont., Sept. 25, 2024 (GLOBE NEWSWIRE) — Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, today announced that it has established its first international office in the United Arab Emirates (“UAE”) to accelerate the deployment of AirJoule® in the region.

“Establishing an office in the UAE will help us to efficiently address the significant demand for AirJoule®’s advanced dehumidification and atmospheric water harvesting capabilities from potential customers in the fast-growing markets of the UAE, the Gulf Cooperation Council countries, and India. Our UAE presence also bolsters the Company’s efforts to strategically calibrate the rollout of our transformative technology globally,” said Ramdas Rao, President, International of Montana Technologies who heads this new office.

“AirJoule®’s market-leading efficiency when delivering distributed water security and power-efficient comfort cooling is our key differentiator and has the potential to support responsible decarbonization while supporting this region’s rapid development trajectory and critical infrastructure growth. The UAE government leadership is very proactive in attracting and supporting the growth of cutting-edge technologies that enable sustainable development. We look forward to working closely with our local and strategic partners and using the UAE as a hub to fine-tune our international go-to-market strategies, thereby further catalyzing sustainable development for communities here and around the world,” Mr. Rao added.

Montana Technologies previously announced the signing of a Memorandum of Understanding with TenX Investment in Energy Enterprises & Management Co. LLC to address water security and energy efficiency opportunities in the UAE.

Pat Eilers, Executive Chairman of Montana Technologies, said, “UAE’s Vision 2030 places a strong emphasis on water security as one of the critical aspects of its sustainable development goals. The deployment of AirJoule®’s industry-leading capabilities for water harvesting is expected to meaningfully contribute to efforts by the UAE government and corporations to strengthen water security. We are excited to be expanding our presence in the country and bolstering our global reach with the establishment of our international office.”

In conjunction with establishing its international office, Montana Technologies will showcase AirJoule® at the WETEX conference in Dubai on October 1-3. Organized by the Dubai Electricity and Water Authority, WETEX provides a platform to display technological advancements in energy, water and natural resources in support of Dubai’s vision to build a sustainable future. The Company encourages WETEX attendees to visit its exhibition booth (Booth #7-F2) to see a demonstration AirJoule® unit and to meet the Company’s senior executives.

As the most advanced dehumidification and water harvesting technology in the market, AirJoule® can harvest water directly from the air to mitigate water scarcity. AirJoule® can also be paired with vapor compression refrigeration systems to reduce power consumption for air conditioning by up to 75%.

About Montana Technologies Corporation

Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit www.mt.energy.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Montana Technologies Corporation
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy

GlobeNewswire Distribution ID 9236360

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Hong Kong-Spain: Unlocking Boundless Opportunities, Partnering for Success

HONG KONG SAR – Media OutReach Newswire – 25 September 2024 – Hong Kong’s vibrant economy and strategic location offer boundless opportunities for European firms. Starting in Spain, a delegation led by Hong Kong’s Financial Secretary Paul Chan, is visiting Madrid (September 22-25, 2024) and London (September 25-28, 2024) to promote Hong Kong’s advantages, in particular the city’s burgeoning innovation and technology ecosystem.

In a keynote speech to Spanish business, financial, I&T leaders during a business luncheon, Mr Chan pointed out that with the singular advantages under the “one country, two systems” principle, Hong Kong was solidifying its role as a “super-connector” linking Mainland China to the rest of the world. Mr Chan welcomed Spanish enterprises to use Hong Kong as a springboard to tap into the vast markets of the Guangdong-Hong Kong-Macao Greater Bay Area, Mainland China and broader Asia.

Hong Kong’s vibrant economy and strategic location continue to make it a leading business centre, fostering innovation and connecting international markets.

“We are the only jurisdiction in China practising the common law system, our judiciary exercising its powers independently. Information, capital, goods and people flow freely in and out of our city. Our taxes are low and simple, with a currency pegged to the US dollar. Our regulatory systems and professional services align with the best international standards,” Mr Chan said.

Highlighting Hong Kong’s full spectrum of fund-raising and financial services, Mr Chan also pointed out that Hong Kong was a leader in green finance in Asia with its green standards compatible with those of the European Union. At the same time, Hong Kong’s burgeoning I&T ecosystem can collaborate with Spain’s tech ecosystem across key sectors such as artificial intelligence, biotechnology, fintech and new energy and new materials.

Hong Kong’s Financial Secretary, Mr Paul Chan (right), joins a dialogue session with Professor Pedro Nueno of the Business School of IE University of Spain.

The Hong Kong delegation engaged with relevant institutions and members of Spanish venture capital funds and I&T circles to seek co-operation opportunities. With the fruitful results in Madrid, Mr Chan’s next stop is London.

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CITRA: Outage in International cable “Falcon” causes Internet issues

The Public Authority for Communications and Information Technology (CITRA) announced on Wednesday that the international submarine cable “Falcon” belonging to GCX has experienced an outage that caused Internet quality issues.

CITRA stated on its official social media accounts that it is currently coordinating with GCX to take the necessary measures to repair this outage. It also mentioned that efforts are underway with internet service providers to reroute data traffic through alternative international cables to ensure service continuity.

Source: Kuwait News Agency

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Students in Sana’a condemn Zionist enemy’s crimes in Palestine and Lebanon

Students of public and private schools in Sana’a province organized protests against the Zionist enemy’s crimes against the Palestinian and Lebanese peoples, and condemned the war crimes and genocide committed by the Zionist-American aggression against the Palestinian and Lebanese peoples.

The participants chanted the slogan of innocence against the enemies of God, slogans expressing support for the Palestinian , Lebanese mujahideen , resistance, condemning the war crimes and genocide committed by the Zionist-American aggression against the Palestinian and Lebanese peoples.

The statements condemned the dangerous escalation of the Zionist aggression and the treacherous targeting of the southern suburb of Beirut, which resulted in the martyrdom, injury and loss of hundreds of civilians, most of them women and children.

They emphasized that the criminal persistence of the Zionist enemy, with Western support and American backing, to target the Lebanese , Palestinian peoples, and the bombardment of safe civili
ans in their houses in southern Lebanon with hundreds of aggressive raids, requires a serious stand from the peoples of the nation and the free people of the world to stop the series of Zionist criminality in Palestine and Lebanon.

The statements denounced the inaction of the Arab and Islamic regimes, calling on the Islamic and Arab peoples and all the free people of the world to fulfill their role and duty in supporting the Palestinian and Lebanese people.

They also affirmed the continuation of support and presence in the squares in various activities , events by mobilizing, boycotting and donating until the aggression stops in Palestine and Lebanon in general.

Source: Yemen News Agency

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Kuwait Amir’s Rep. receives Iran pres. in New York

Representative of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, received Iranian President Masoud Pezeshkian at his residence in New York on Wednesday.

The meeting took place on the sidelines of the 79th session of the United Nations General Assembly, currently held in New York.

His Highness the Crown Prince conveyed greetings of His Highness the Amir to President Pezeshkian.

The two sides discussed, during the meeting, relations between Kuwait and Iran, and means of backing and enhancing them to serve the two countries and their nations’ interests, in addition to the latest developments on regional and international arenas.

The meeting featured Minister of Foreign Affairs Abdullah Al-Yahya, Director General of Kuwait Direct Investment Promotion Authority Sheikh Dr. Meshal Jaber Al-Ahmad Al-Sabah, Undersecretary of Foreign Affairs at His Highness the Crown Prince’s Diwan Mazen Al-Issa, Assistant Foreign Minister for th
e Minister’s Office affairs Ambassador Bader Saleh al-Tunaib and Kuwait’s Permanent Representative to the UN Ambassador Tareq al-Bannai.

Source: Kuwait News Agency

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18 administrators receive training in strategic planning in Sana’a

The Skills Development Fund (SDF) concluded the training program “Strategic Planning Using the Balanced Scorecard” in the Capital Secretariat.

The program, which was implemented by the Fund through the Consultation and Development Center in five days, aimed to provide 18 administrative staff from Al-Mutawakkil Hospital with the necessary skills to build plans and strategies through the Balanced Scorecard.

The Fund’s Executive Director, Ali Al-Qasimi, explained that Balanced Scorecard is a management system that enables organizations to translate the vision and strategy into work programs characterized by scientific measurement indicators that provide feedback on internal processes , external results to continuously improve the organization’s performance and results.

At the program conclusion , in the presence of the Fund’s Deputy Executive Director Jamil Al-Nuaimi, the hospital’s director, Mohammed Al-Mutawakel, pointed out that the program comes within the framework of the hospital’s general training pla
n to raise the efficiency of its staff in various fields in order to improve the quality of services provided to citizens.

Source: Yemen News Agency

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Kuwait Amir’s Rep. receives Al-Burhan on UNGA session margins

The Representative of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, on Wednesday received Abdel Fattah Al-Burhan, Chairman of the Transitional Council of Sudan, on sidelines of the 79th session of the United Nations General Assembly, currently held in New York, as His Highness conveyed greeting of His Highness the Amir.

During the meeting, the two sides explored the solid and brotherly relations between the State of Kuwait and brotherly Republic of Sudan, means of beefing up these ties, regional and international developments.

The meeting was attended by Kuwait Minister of Foreign Affairs Abdullah Al-Yahya, the Foreign Affairs Undersecretary at the Crown Prince Diwan Mazen Issa Al-Issa and the State of Kuwait Permanent Delegate at the UN, Ambassador Tareq Mohammad Al-Bannai.

Source: Kuwait News Agency