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NEUCHIPS’ Purpose-Built Accelerator Designed to Be Industry’s Most Efficient Recommendation Inference Engine

Team comes out of Stealth to Introduce Innovative AI Inference Platform

NEUCHIPS INC.

LOS ALTOS, Calif., May 31, 2022 (GLOBE NEWSWIRE) — NEUCHIPS is excited to announce its first ASIC, RecAccelTM N3000 using TSMC 7nm process, and specifically designed for accelerating deep learning recommendation models (DLRM). NEUCHIPS has partnered with industry leaders in Taiwan’s semiconductor and cloud server ecosystem and plans to deliver its RecAccel™ N3000 AI inference platform on Dual M.2 modules for Open Compute Platform compliant servers as well as PCIe Gen 5 cards for standard data center servers during the 2H’2022.

“In 2019, when Facebook open sourced their Deep Learning Recommendation Model and challenged the industry to deliver a balanced AI inference chip platform, we decided to pursue the challenge,” said Dr. Lin, NEUCHIPS CEO, Co-Founder of Global Unichip Corp, subsidiary of TSMC and Professor at National Tsing Hua University, Taiwan. “Our continued improvements in MLPerf DLRM benchmarking and whole-chip emulation give us confidence that our RecAccel™ AI hardware architecture co-designed with our software will scale to deliver industry leadership and exceed our target of 20M inferences per second at 20 Watts.”

NEUCHIPS RecAccel™ N3000 Inference platform includes sophisticated hardwired accelerators, patented query scheduling and a comprehensive software stack optimized to provide high accuracy and hardware utilization while maintaining energy efficiency required in data centers. Other key features include the following:

  •  Proprietary 8-bit coefficient quantization, calibration and hardware support that deliver 99.95% of FP32 accuracy.
  •   Patented embedding engine with novel cache design and DRAM traffic optimization that reduces LPDDR5 access by 50% and increases bandwidth utilization by 30%.
  •  Dedicated MLP compute engines that deliver state-of-the-art energy efficiency at engine level, and 1 microjoule per inference at SOC level.
  •  Proven software stack that delivers very high scalability across multiple cards.
  •  Support for leading recommender AI models including DLRM, WND, DCN, and NCF.
  • Robust security based on hardware root of trust.

About Neuchips:

NEUCHIPS develops purpose-built AI inference chip platforms from the ground up, by co-developing hardware and software to meet our customer’s requirements for performance, accuracy, power, and cost-efficiency. NEUCHIPS is a founding member of MLCommons™. For more information, please visit https://www.neuchips.ai or contact contact@neuchips.ai

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UnifyTwin Launches Intelligent Industrial App Suite Addressing Industry 5.0 Transformation With Proven Business Outcomes

UnifyTwin

UnifyTwin

NEWBURY PARK, Calif., May 31, 2022 (GLOBE NEWSWIRE) — UnifyTwin announces the launch of Intelligent Industrial App Suite, which offers five business apps to address various aspects of the industrial life cycle driving towards sustainable business outcomes. These apps are now deployed and validated in over 450+ industrial customers worldwide. UnifyTwin is now on an expansion path and is pursuing strategic partnerships for scaling.

UnifyTwin’s next-generation offering of Intelligent Industrial Apps addresses pain points of various industry personas across the industrial life cycle. All apps are validated across multiple industry segments such as Pharma & Chemical, Textile, Refinery & Energy, Metals & Minerals and Building Materials.

Customers across these industries are validating significant business value and quick Return on Investment (ROI) from these Intelligent Apps. The simplicity of the solution, along with apps for specific use cases, is the secret behind scaling across multiple industrial plants in such a short period of time.

Here is what some of the customers who are scaling with this product had to say about the apps:

Mr. Srirangarajan, CIO, Global Pulp and Fibre Business, Aditya Birla Group –

“In our digital journey, UnifyTwin has been a great partner in co-creating a solution for the heart of Textile Fibre manufacturing leveraging their Intelligent App Suite and helped us meet our KPIs.” 

Mr. G V Subramanyam Gupta, Chief Information Officer, Welspun Flooring Ltd 

“Using the UnifyTwin Application, we are now able to take advantage of the unified contextualized insights from our connected workers and machines in real time. The differentiated Remote Monitoring digital manufacturing solution is now driving towards predictable productivity & quality of our products in the coating plant.” 

C B Bhardwaj, EVP & Chief Of Manufacturing, Jubilant Ingrevia Ltd 

“Our digital transformation initiatives leveraging the Intelligent App Suite from UnifyTwin for Yield/utilities Optimization with Analytics have been a great success.

“We look forward to leveraging the UnifyTwin Knowledge Cloud to deploy across our plants.”

Gopi Krishan M, Deputy General Manager, Orient Cement Ltd

“UnifyTwin Solution, as a comprehensive IoT solution, has helped us to simplify Remote Monitoring, connectivity to machines, perform data acquisition, monitor and archive Plant Control room data for analysis.” 

The details of the launched apps are as follows :

  1. Smart Energy: With an imminent need to reduce energy consumption and costs in industrial operations, Smart Energy App is a plug-and-play solution to connect smart energy meters to the cloud and provide proactive insights and recommendations for energy savings.
  2. Glens Sustainability: Focusing on helping customers measure & reduce industrial pollution, GHG and drive Net Zero goals, this app addresses the sustainability and carbon accounting needs of enterprises. This app is MCERT-certified and is already the market leader in Asia and the Middle East.
  3. Yield Optimizer: It is purpose-built to help process manufacturing plant managers capture golden batch parameters and provide autonomous recommendations to consistently achieve maximum yield, bringing multi-fold increase in manufacturing efficiencies & annual profits.
  4. Remote Monitoring: The app provides a simple plug-and-play model to monitor any machines or assets by configuring condition-based monitoring alerts and identifying operational anomalies.
  5. Asset Analytics: It takes asset monitoring to the next level with predefined 120+ digital asset models that apply artificial intelligence to achieve improvements in asset efficiency and provide proactive recommendations for predictive maintenance.

“Our apps are built to solve specific pain points of multiple personas in the industrial journey by a team of industry veterans and domain experts. We learnt that the apps need to be built on a common Industrial Knowledge Graph by unifying human and machine interactions and events so that these apps can learn and drive contextualized insights and recommendations for real-time decisions,” said UnifyTwin CEO and Founder, Sudheesh Narayanan.

UnifyTwin will be demonstrating the apps live in Hannover Messe in Hall 4, Stand F78/1 from May 30-June 2, 2022.

About UnifyTwin

With its headquarters in California, UnifyTwin is an industry 5.0 company offering an AI-driven intelligent industrial app suite addressing customer needs across the industrial life cycle. The app suite is powered by a well-differentiated technology stack unifying human & machine intelligence across edge-to-cloud, driving sustainable business outcomes. UnifyTwin is recognized on the Gartner quadrant and has been proven in hundreds of industrial customers across multiple verticals such as Pharma & Chemical, Textile, Refinery & Energy, Metals & Minerals and Building Materials.

Media Contact

Ashis Khan (Chief Revenue Officer)

+1 (805) 807-7739

contactus@unifytwin.com

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Mullen Automotive Announces Impressive Solid-State Polymer Battery Test Results

Battery Innovation Center (BIC) conducted cell testing in May 2022

Mullen plans solid-state polymer battery cells for the second generation Mullen FIVE EV Crossover.

Results from Indiana’s Battery Innovation Center (BIC) shows Mullen Automotive’s solid-state polymer battery cell testing exceeds previously stated values of 300 Ah (ampere-hour) at 3.7 volts.

BIC testing shows impressive results of 343.28 Ah at 4.2 volts for Mullen’s solid-state polymer battery cell, which is in line with previously reported results from EV Grid.

This data supports solid-state polymer battery cell technology, which when scaled to the vehicle pack level, and at a 150-kilowatt hour equivalent, can deliver over 600 miles of range on a full charge for the Mullen FIVE EV Crossover.

BREA, Calif., May 31, 2022 (GLOBE NEWSWIRE) — via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces results of Mullen’s solid-state polymer battery testing with the Battery Innovation Center (BIC) in Indiana. Testing results from BIC show the solid-state polymer cell, rated at 300 Ah and 3.7 volts, tested in at 343.28 Ah at 4.2 volts, exceeding expectation and in line with test tolerance from previous EV Grid test results.

Testing conducted at Battery Innovation Center (BIC) in Indiana, show Mullen’s solid-state polymer cell coming in at 343.28 Ah at 4.2 volts, which is in line with previously quoted test results from EV Grid.   In EV Grid’s testing, the solid-state battery cell was rated at 300 Ah at 3.7 volts, with the battery yielding 343 Ah at 4.3 volts. The test data collected from both BIC and EV Grid have exceeded expected test tolerance and show an impressive outcome and future for solid-state batteries.

It is expected that with this technology, when scaled to the vehicle pack level, a 150-kilowatt hour solid-state battery can deliver over 600 miles of range on a full charge for the Mullen FIVE EV Crossover.   In general, solid-state batteries offer higher energy density, faster charging time, smaller size and safety compared to traditional lithium-ion cells.

“I’m impressed with the ongoing performance of the solid-state cell after going thru multiple intense testing sessions from accredited testing facilities,” said David Michery, CEO and chairman of Mullen Automotive. “The battery has performed exceptionally well, and I’m pleased with the results from BIC in Indiana.”

“We are pleased to see that the results from on-going testing are in-line with those previously notated,” said Ben Wrightsman, president and CEO of Battery Innovation Center. “The cell thus far has performed as stated, and we will continue to test additional parameters to characterize the overall capabilities and performance.”

Mullen recently announced the “Strikingly Different” U.S. Test Drive Tour, covering 19 cities across the U.S. The tour will begin this fall in Southern California and work its way throughout the U.S. Further details can be found here, or place your Mullen FIVE reservation here.

About Battery Innovation Center (BIC)
BIC is a collaborative initiative designed to incorporate leadership from renowned universities, government agencies and commercial enterprises. The Battery Innovation Center focuses on the rapid development, testing and commercialization of safe, reliable and lightweight energy storage systems for defense and commercial customers.

About Mullen
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the solid-state polymer battery cell technology, which when scaled to the vehicle pack level will function as expected or will deliver over 600 miles of range on a full charge, whether the Company will achieve its objectives of launching its EV crossover, the FIVE within anticipated timelines and if so, if the FIVE will be a success; whether production of its own EV battery packs will be successful, reduce dependency on third-party suppliers or result in lower costs and increased overall quality; and whether the Company’s partnerships with ARRK, Dürr, and DSA Systems and Over the Air (OTA) will result in expediting the rollout of the FIVE. Additional examples of such risks and uncertainties include, but are not limited to (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen’s ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s  business; and (x) Mullen’s ability to protect its intellectual property; (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com

Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com

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Colliers releases Global Impact Report reinforcing commitment to elevate the built environment

Announces additional bold targets aligned to ESG strategy

Elevating our Impact: Colliers 2021 Global Impact Report

Colliers released its 2021 Global Impact Report today, highlighting the firm’s performance and ongoing commitment to elevate the built environment

TORONTO, May 31, 2022 (GLOBE NEWSWIRE) — Colliers (NASDAQ and TSX: CIGI) released its 2021 Global Impact Report today, highlighting the firm’s performance and ongoing commitment to deliver resilient buildings, inclusive workplaces, and spaces that promote health and wellbeing for its professionals, clients, and communities.

Key 2021 performance highlights include:

  • 110 million square feet of green-certified properties under management
  • 87 million square feet of green-certified construction managed
  • 262 green certifications held by Colliers professionals
  • 39% of Colliers’ global workforce are women
  • 11 industry inclusiveness awards

Building on last year’s inaugural report, Colliers took important steps to create Elevate the Built Environment – a strong global impact strategy, and firm multi-year goals against the strategy’s three pillars: the environment, inclusiveness, and health & wellbeing. The 2021 Global Impact Report also includes baseline assessments of Colliers’ Scope 1 and 2 emissions and was produced in accordance with Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Task Force on Climate-Related Financial Disclosure (TCFD) frameworks to ensure strong governance of Colliers’ ESG programs.

“The world’s major challenges require a bold response from businesses – and we have an important role to play. Our 2021 Global Impact Report articulates the ambitious actions we are taking, the substantial progress we have made on our ESG journey over the last year, and how we will continue to push ourselves to accelerate where we can make a difference,” said Jay Hennick, Global Chairman & CEO. “Doing what’s right is how we operate at Colliers. As we look to the future, living our purpose – to maximize the potential of property and real assets – with thoughtful attention to ESG will positively impact our changing world.”

In 2021, Colliers committed to emissions reductions through the Science-Based Targets initiative’s (SBTi) Business Ambition for 1.5°C program; achieving net zero for its own operations (Scopes 1 and 2) by 2030; and establishing an advisory framework to help building owners, investors, and occupiers achieve net zero. Earlier this year, Colliers announced a goal to have 40% female employees overall and in manager+ roles in its regional, investment management, and mortgage businesses by 2025. Additional bold targets outlined in the 2021 Global Impact Report are:

  • Baselining our purchasing from diverse suppliers in 2022 and set an ambitious goal for 2025.
  • Joining WELL Portfolio in 2022 and achieving WELL Health-Safety certification for all Colliers offices by 2025.
  • Offering WELL, Fitwel or equivalent certification to all eligible property management and occupier clients beginning in 2023.
  • Establishing Colliers Volunteer Days, focused on April, to support the environment, inclusiveness, and health & wellbeing – targeting 15,000 days annually.

“Our strategy and targets are grounded in our belief that the built environment can make a positive impact on people’s lives. We are doing more every day to weave ESG into the fabric of our organization and unify our efforts to make our clients’ workplaces – and our own – more sustainable, inclusive, and healthy,” said Sean Drygas, Global Lead, ESG & Impact. “Our priorities are to grow and scale our sustainability and wellbeing services across our business lines and geographies, as well as focus on the projects required to meet our bold targets.”

To find out more, read the Colliers 2021 Global Impact Report here.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $57 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Media Contact:

Andrea Cheung
Senior Manager, Global Integrated Communications
andrea.cheung@colliers.com
416-324-6402

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EV Technology Group Company MOKE France, Generates Direct-to-Consumer Electric MOKE Orders Worth Over Half a Million Euros After Opening Pilot Sales

The Electric MOKE, as sold by MOKE France SAS

The Electric MOKE, as sold by MOKE France SAS

TORONTO, May 31, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, DE: B96A) announces today that its wholly owned subsidiary MOKE France SAS (“MOKE France”) has generated Electric MOKE orders worth over €500,000 in total value following the opening of an initial pilot of its direct-to-consumer sales offering for the Electric MOKE.

The MOKE brand was founded in the 1960s by Sir Alec Issigonis, and quickly became the must-have accessory in some of the world’s most favoured coastal hotspots, thanks to its iconic design. MOKE France SAS has French distribution rights to the Electric MOKE, which is manufactured in Great Britain, and has made the Electric MOKE available for consumers to purchase online since the end of April 2022.

Purchasers of the Electric MOKE are required to deposit €990 to secure their order, with the remainder to be paid on delivery of their Electric MOKE. MOKE France anticipates fulfilments of pilot orders within the year.

In addition to already generating orders worth over €500,000 in total value, MOKE France has generated a significant pipeline of potential clients, setting the company up for a successful sales period over the upcoming summer season. The Electric MOKE promises to be available in five different colours, and has a range of 144km, perfect for the scenic twists and turns of the South of France or shuttling from beach-house to water-front.

These orders are in addition to MOKE France’s pilot subscription service which offers monthly subscription-based access to the Electric MOKE for both consumers and business clients. The first business clients to sign include luxury real estate players Bo-House and Tardieu Immobilier.

The Electric MOKE, as sold by MOKE France SAS

The Electric MOKE, as sold by MOKE France SAS 

“Consumers have been incredibly receptive towards our direct-to-consumer pilot. The intensity of demand we are observing paves the way for a successful first summer of trading these symbolic electric vehicles,” said Wouter Witvoet, CEO and Chairman of EV Technology Group. “The reception to the Electric MOKE indicates not only a strong future sales potential for this vehicle, but validation of our broader strategy of finding iconic brands and helping them enter the electric era.”

“The moment you see someone driving a MOKE Electric, you can’t help but think how cool it looks – and I can confidently say it really is the best beach shuttle, so I am not surprised at the amount of orders and interest we have received with minimal marketing activity since the pilot launched,” said Willy Gruyelle, CEO of MOKE France.

Customers who are interested to learn more can visit the MOKE France’s website: https://moke.fr/

EV Technology Group
EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

MOKE
MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited (“MOKE International”) in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. MOKE France is the official French licensee. For more information visit:  https://mokeinternational.com

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to: sales expectations of Electric MOKEs and fulfilment of orders, specifications of the Electric MOKE and MOKE France and EV Technology Group’s operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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Conagen’s New Dihydro Resveratrol Made By Clean Bioconversion Inspires Novel Products and Drives Market Growth

Bedford, Mass., May 31, 2022 (GLOBE NEWSWIRE) — Massachusetts-based biotech Conagen announces the development of a new scalable natural compound, dihydro resveratrol, for use in industrial and human health applications. Conagen’s dihydro resveratrol is made by bioconversion from p-coumaric acid (pCA), a natural preservative Conagen produced by precision fermentation.

The same proprietary bioconversion technology used to make dihydro resveratrol can be used to make resveratrol and other polyphenol class molecules. Both compounds are natural metabolites of plants, such as berries and grapes, and are commonly found in red wine.

Because resveratrol and dihydro resveratrol exist in only very small quantities in plants, cultivation, extraction, and purification are very inefficient, using more land, water, and energy. Instead, Conagen starts with pCA made using fermentation of microorganisms. Bioconversion of pCA allows Conagen to use a much smaller footprint to make dihydro resveratrol and related compounds.

“The development of dihydro resveratrol demonstrates Conagen’s strong capability to manufacture and deliver innovative and versatile compounds for multiple large-scale applications,” said Casey Lippmeier, vice president of innovation. “Our proprietary bioconversion and precision fermentation capabilities enable the production of sustainable high-quality polyphenols for use in novel products which drive the growth of new markets.”

Resveratrol molecules in the category of polyphenols possess rich antioxidant properties. Its anti-inflammatory and antioxidant activity are linked to protective effects against heart disease, diabetes, cancer, and cognitive decline. Conagen has announced several polyphenol products over the past few years, such as Taxifolin BC-DHQ® (dihydroquercetin), kaempferol, Rosaval™  rosmarinic acid, and hydroxytyrosol, establishing a strong leadership in the development of polyphenol compounds.

In addition to their importance in human health applications for improving the quality of life, dihydro resveratrol and resveratrol are also important industrial intermediates. They offer valuable use in many industrial applications, such as plastic additives, paints, resins, polymers, and high-temperature-resistant biomaterials.

Conagen is working with multiple industrial partners to develop novel applications of dihydro resveratrol, resveratrol, and related compounds.

About Conagen

Conagen is a product-focused, synthetic biology R&D company with large-scale manufacturing service capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high-quality, sustainable, nature-based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries. www.conagen.com

Attachment

Ana Arakelian, Head of Public Relations and Communications
Conagen
+1.781.271.1588
ana.arakelian@conagen.com

Hitachi Energy wins order from Deutsche Bahn to deliver one of the most powerful converter stations in the world

The Thyrow converter plant will convert electricity from the public three-phase distribution network to a frequency of 16.7 Hz and feed it into the traction current network

Zurich, Switzerland, May 31, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, the global technology and market leader in power grids, announced today that it has won an order from Deutsche Bahn to provide a 120 megawatt (MW) converter station which enables DB Energie to secure power supply for the Greater Berlin rail network. The network serves a metropolitan population of around 3.5 million people and is the hub for multiple high-speed train services to cities throughout Germany and neighboring countries.

The Thyrow converter station, south of Berlin, will enable Deutsche Bahn to convert electricity from the public three-phase power distribution grid, which operates at a frequency of 50 hertz (Hz) to 16.7 Hz, and feed it into the rail power grid used to power trains and rail infrastructure.

The order follows one awarded last year by Deutsche Bahn to Hitachi Energy for the 160 MW Delitz converter station in the greater Halle/Leipzig area, which will be one of the most powerful converter stations for rail power worldwide.

“We are delighted that Deutsche Bahn has selected Hitachi Energy as partner of choice to secure the 16.7 Hz power supply for their rail network,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “This is an excellent example of how we collaborate together with customers and partners to accelerate the energy transition and advancing a sustainable energy future for all.”

The Hitachi Energy solution for the Thyrow converter station comprises three compact 40 MW static frequency converter modules, which use Hitachi Energy’s advanced power semiconductors to provide a steady and reliable power supply at maximum availability and with minimal electrical losses. The solution includes a 30-year service contract and a digitalization package to provide Deutsche Bahn with condition-based and reactive maintenance and data insights into the system status of the converter station over the life cycle.

Hitachi Energy is the world’s leading supplier of grid integration and power quality solutions, including rail converter stations and the integration of renewable energy into power transmission systems.

Notes to the Editor

Static frequency converters

Rail frequency converter stations are based on static frequency converters (SFC). They connect three-phase power distribution or transmission grids, which typically operate at 50 or 60 Hz, with single-phase railway power grids, which operate at 16.7, 25, 50 or 60 Hz. Besides the transfer of active power, the SFC can also control reactive power in both grids independently. It responds immediately to grid faults and enables a smooth and interruption-free transition to island mode during an outage.

Power electronics

SFCs are based on Hitachi Energy’s power electronics. These integrated gate-commutated thyristors (IGCTs) will be part of this solution. They maintain grid stability and power quality by responding rapidly to frequency fluctuations and grid disturbances. Power electronics are an integral part of many Hitachi Energy technologies, including high-voltage direct current (HVDC) and flexible AC transmission systems (FACTS).

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachment

Rebecca Bleasdale
Hitachi Energy Ltd.
+41 78643 2613
rebecca.bleasdale@hitachienergy.com