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Alexander Lukashenko, the authoritarian leader of Belarus, has granted pardons to 20 individuals described by rights activists as political prisoners, according to a statement released on his website this Saturday. This decision occurs amidst ongoing political repression in anticipation of presidential elections next month, which are expected to further consolidate Lukashenko's long-standing rule. The individuals' identities remain undisclosed, but all were convicted of 'crimes of an extremist nature', the statement reveals. Pavel Sapelka, a Viasna activist, contends that while Lukashenko sends mixed signals to the West by intermittently releasing prisoners, the overall climate of political repression intensifies. As Belarus braces for its upcoming elections, the regime continues its crackdown on any opposition, harshly treating those who dissent. (With inputs from agencies.)East Carolina cornerback Shavon Revel Jr., a potential first-round pick, declared for the 2025 NFL Draft on Friday. Revel, who sustained a torn left ACL in practice in September, had one season of eligibility remaining. "After an incredible journey at East Carolina, I am officially declaring for the 2025 NFL Draft," the senior posted on social media. "... Pirates nation, thank you for your unwavering energy and support every game. Representing ECU is an honor, and I look forward to continuing to do so on Sundays!" Revel recorded two interceptions in three games this season, returning one 50 yards for a touchdown on Sept. 14 against Appalachian State. Over three seasons with the Pirates, Revel had three interceptions, 15 passes defensed and 70 tackles in 24 games. He was a second-team All-American Athletic Conference selection last season. ESPN draft analyst Mel Kiper Jr. ranked Revel as the No. 2 cornerback and No. 23 overall prospect in the 2025 draft class. --Field Level Media
Waltham, Mass., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. NNDM ("Nano" or the "Company"), a supplier of Additive Manufacturing solutions, today announced changes in the composition of its Board of Directors (the "Board"). Nano's Board currently consists of four members: Messrs. Ofir Baharav, Robert Pons, Dr. Joshua Rosensweig and Kenneth Traub. Mr. Baharav has been appointed as Chairman of the Board. Dr. Joshua Rosensweig will serve as the Chairman of the Company's Audit Committee and Mr. Robert Pons will serve as the Chairman of the Company's Compensation Committee. In light of the previously announced results of the Company's 2024 annual general meeting of shareholders, dated December 6, 2024 (the "AGM") and the previously announced ruling of the Israeli central region district court in Lod, dated November 21, 2024 (the "Court Ruling") regarding Nano's extraordinary general meeting of shareholders held on March 20, 2023 (the "EGM"), Dr. Yoav Nissan-Cohen, Messrs. Eitan Ben-Eliahu, Oded Gera, Roni Kleinfeld, Chris Moran and Mrs. Georgette Mosbacher have resigned from the Board, effective immediately. Messrs. Baharav and Pons were elected to the Board following the AGM results and replaced the seats formerly occupied by Messrs. Yoav Stern and Michael X. Garrett. Messrs. Rosensweig and Traub were elected to the Board at the EGM, but since the Company had contested the legality of the EGM, they joined the Board immediately after the Court Ruling, which determined, among other matters, that the EGM was duly held and the vote that elected them to the Board was consequently valid. The Board commented that: "As a newly reconstituted Board, we are committed to strong corporate governance and executing plans to maximize long-term value for shareholders." Biographies Ofir Baharav Mr. Baharav is a seasoned senior executive with a career spanning more than two decades in product development for the technology and 3D printing sector. In his various executive roles, he has focused on M&A, operational improvements, corporate governance and enhancing shareholder value. Mr. Baharav previously served as Chairman of the Board from 2019 to 2021 and as a director in the Company from 2015 to 2021. Prior to Nano, from 2014 to 2015, Mr. Baharav was the VP of Product Management of Stratasys Ltd.. In 1999, Mr. Baharav founded RelayHealth Corporation and served as their Chief Executive Officer until it was acquired by McKesson Corp. in 2006. Mr. Baharav currently serves as Chief Executive Officer of Maxify Solutions, Inc., which he founded in 2022 to acquire the assets of Breezer Holdings LLC and SimiGon Inc.. Robert (Bob) Pons Mr. Pons has over four decades of experience as a Chief Executive Officer and senior executive in high growth companies. He brings significant corporate governance expertise, having served on the boards of more than sixteen publicly traded companies. Mr. Pons previously served as the President and the Chief Executive Officer of Spartan Advisors, Inc., a management consulting firm specializing in telecom and technology companies. Prior to that, Mr. Pons served as the Executive Vice President of PTGi-ICS, a wholly owned subsidiary of HC2 Holdings, Inc., a publicly traded holding company operating subsidiaries in infrastructure, telecom, construction, energy, technology, gaming and life sciences. Pons' public board experience includes roles as Executive Chairman of SeaChange International, Inc. as well as Director at CCUR Holdings, Inc., Alaska Communications, Inc., Inseego Corp. and MRV Communications, Inc.. Dr. Joshua Rosensweig Dr. Rosensweig has over four decades of experience as a legal professional, with significant experience in corporate governance and enhancing shareholder value as an executive and director at Israel-based public companies. Dr. Rosensweig is the founder and senior partner of Rosensweig & Co., a boutique law firm based in Tel Aviv. Between 2012 and 2013, Dr. Rosensweig was head of the tax department at Agmon & Co., and from 1999 until 2005, he served as a senior partner at Gornitzky & Co., where he led the international transactions and taxation practices. Since 2017, Dr. Rosensweig has been serving as a member of the board of directors of Israel Corporation. Previously, Dr. Rosensweig served on the board of directors of Bezeq Israel Telecommunication Corp. from 2010 until 2018. Additionally, Rosensweig served on the board of Alrov Properties and Lodgings Ltd. from 2010 until 2018 and has held leadership positions as Chairman of the board of directors of First International Bank of Israel from 2003 until 2006 and of Poalim IBI in 2013. Kenneth H. Traub Mr. Traub is a visionary and transformational corporate leader with a successful track record of building sustainable shareholder value. Mr. Traub has over 30 years of experience as a Chairman, Chief Executive Officer, director and active investor with a demonstrated record of accomplishment in driving strategic, financial, operational and governance improvements. Mr. Traub currently serves as the Executive Chairman of Comtech Telecommunications Corp, non-executive Chairman of Edgio, Inc, and Chairman of the Nominating and Governance Committee of the board of directors of Tidewater, Inc. Mr. Traub also served as the Managing Partner of Delta Value Advisors, a strategic consulting and investment advisory firm specializing in corporate governance and turnarounds, since 2019. Mr. Traub previously served as an independent director on the board of directors of numerous public companies, including DSP Group, Inc., an Israeli based manufacturer of multimedia chipsets for converged communications; MRV Communications, Inc., a telecommunications company with principal manufacturing facilities in Israel; Vitesse Semiconductor, Inc., a fabless semiconductor developer; Xyratex Ltd, a data storage company; MIPS Technologies, Inc., a semiconductor technology company; Intermolecular, Inc., a semiconductor materials supplier; and Phoenix Technologies, Inc., a leading supplier of firmware for computers, among others. Mr. Traub received the NACD Directorship Certification, which is awarded to directors who meet the highest standards of corporate governance according to the National Association of Corporate Directors. Mr. Traub received a BA from Emory College in 1983 and an MBA from Harvard Business School in 1988. About Nano Dimension Ltd. Nano Dimension NNDM offers a variety of Digital Manufacturing technologies serving customers across vertical target markets such as aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. With its suite of digital manufacturing technologies, Nano Dimension is enabling its customers with prototyping and high-mix-low-volume production, along with IP security, design-for-manufacturing capabilities, and more sustainable means of fabrication. For more information, please visit https://www.nano-di.com/ Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For example, Nano is using forward-looking statements in this press release when it discusses executing plans to maximize long-term value for shareholders. Such forward-looking statements include statements regarding Nano's future growth, strategic plan and value to shareholders, and all other statements other than statements of historical fact that address activities, events or developments that Nano intends, expects, projects, believes or anticipates will or may occur in the future. Such statements are based on management's beliefs and assumptions made based on information currently available to management. When used in this communication, the words "outlook," "guidance," "expects," "believes," "anticipates," "should," "estimates," "may," "will," "intends," "projects," "could," "would," "estimate," "potential," "continue," "plan," "target," or the negative of these words or similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results and performance to be materially different from those expressed or implied in the forward-looking statements. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Because such statements deal with future events and are based on the current expectations of Nano, they are subject to various risks and uncertainties. Further, actual results, performance, or achievements of Nano could differ materially from those described in or implied by the statements in this communication. The forward-looking statements contained or implied in this communication are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Nano's annual report on Form 20-F filed with the Securities and Exchange Commission (the "SEC") on March 21, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this communication. Nano is not responsible for the contents of third-party websites. Nano Dimension Contacts Investor: Julien Lederman, VP Corporate Development ir@nano-di.com Media: Kal Goldberg / Bryan Locke / Kelsey Markovich | NanoDimension@fgsglobal.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
GEORGE WASHINGTON 72, ILLINOIS STATE 64NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.SHENZHEN, China , Nov. 26, 2024 /PRNewswire/ -- X Financial (NYSE: XYF ) (the "Company" or "we"), a leading online personal finance company in China , today announced its unaudited financial results for the third quarter ended September 30, 2024 . Third Quarter 2024 Operational Highlights The total loan amount facilitated and originated [1] in the third quarter of 2024 was RMB28,338 million , compared with RMB29,462 million in the same period of 2023. Total number of active borrowers [2] was 1,965,248 in the third quarter of 2024, compared with 1,809,815 in the same period of 2023. The total outstanding loan balance [3] as of September 30, 2024 was RMB45,766 million , compared with RMB49,685 million as of September 30, 2023 . The delinquency rate for all outstanding loans that are past due for 31-60 days [4] as of September 30, 2024 was 1.02%, compared with 1.11% as of September 30, 2023 . The delinquency rate for all outstanding loans that are past due for 91-180 days [5] as of September 30, 2024 was 3.22%, compared with 2.50% as of September 30, 2023 . Third Quarter 2024 Financial Highlights Total net revenue in the third quarter of 2024 was RMB1,582.5 million ( US$225.5 million ), representing an increase of 13.3% from RMB1,396.9 million in the same period of 2023. Income from operations in the third quarter of 2024 was RMB509.0 million ( US$72.5 million ), compared with RMB435.0 million in the same period of 2023. Net income in the third quarter of 2024 was RMB375.8 million ( US$53.6 million ), compared with RMB347.2 million in the same period of 2023. Non-GAAP [6] adjusted net income in the third quarter of 2024 was RMB433.6 million ( US$61.8 million ), compared with RMB374.5 million in the same period of 2023. Net income per basic and diluted American depositary share ("ADS") [7] in the third quarter of 2024 was RMB7.86 (US$1.12) and RMB7.74 (US$1.10) , compared with RMB7.26 and RMB7.02 , respectively, in the same period of 2023. Non-GAAP adjusted net income per basic and diluted ADS in the third quarter of 2024 was RMB9.12 (US$1.30) and RMB8.88 (US$1.27) , compared with RMB7.80 and RMB7.56 , respectively, in the same period of 2023. Mr. Kent Li , President of the Company, commented, "We are pleased to report another strong quarter, with loan volumes exceeding our forecast and a significant sequential improvement in asset quality. In the third quarter, we continued to promptly adjust loan volumes based on risk levels. As asset quality improved, we further intensified our borrower acquisition efforts, which have yielded very positive results. Both the top and bottom lines continued to grow year-over-year. Non-GAAP adjusted net income reached a new record high." "Specifically on the operational front, our total loan amount facilitated and originated was down 4% year-on-year but up 25% sequentially to RMB28 billion , above the high end of our guidance. Delinquency rates for all outstanding loans past due for 31-60 days and 91-180 days were 1.02% and 3.22%, respectively, at the end of the quarter, compared to 1.29% and 4.38% a quarter ago and 1.11% and 2.50% a year ago. We are pleased with these improvements in asset quality and will continue to optimize our risk management system through advanced technology." "In September this year, the Chinese government unveiled a comprehensive stimulus package aimed at improving liquidity, boosting the property market, stabilizing financial markets and stimulating consumption. We expect this will provide a meaningful boost to the macroeconomic recovery. As an integral part of the economy, the personal finance market we serve should benefit from this upturn. We have already observed positive signs in the market and are committed to adjusting loan volumes in line with risk levels. As a result of this favorable environment, we are raising our guidance and expect our monthly loan volume to exceed RMB10 billion in the fourth quarter, setting a new record." Mr. Frank Fuya Zheng , Chief Financial Officer of the Company, added, "I'm pleased to report that our strategy of balancing business growth and profitability continued to pay off. Total net revenue was RMB1.6 billion , up 13% year-on-year and 15% sequentially, while non-GAAP adjusted net income reached a record high of RMB434 million , up 16% year-on-year and sequentially. As we continue to deliver strong profitability and execute on our proven strategy, we have full confidence in our future. We will continue to execute our semi-annual dividend policy and explore opportunities under our share repurchase program to return more value to our shareholders over the long term." Third Quarter 2024 Financial Results Total net revenue in the third quarter of 2024 increased by 13.3% to RMB1,582 .5 million ( US$225 .5 million) from RMB1,396.9 million in the same period of 2023, primarily due to growth in various disaggregated revenue items compared with the same period of 2023. Please refer to analysis of disaggregation of revenue below. Loan facilitation service fees in the third quarter of 2024 increased by 5.9% to RMB878 .3 million ( US$125 .2 million) from RMB829 .4 million in the same period of 2023, primarily due to a decrease in the expected prepayment rates this quarter compared with the same period of 2023. Post-origination service fees in the third quarter of 2024 increased by 10.7% to RMB186 .1 million ( US$26 .5 million) from RMB168 .2 million in the same period of 2023, primarily due to the cumulative effect of increased volume of loans facilitated in the previous quarters. Revenues from post-origination services are recognized on a straight-line basis over the term of the underlying loans as the services are being provided. Financing income in the third quarter of 2024 increased by 11.6% to RMB335 .8 million ( US$47 .8 million) from RMB301 .0 million in the same period of 2023, primarily due to an increase in average loan receivables held by the Company compared with the same period of 2023. Guarantee income in the third quarter of 2024 was RMB53.6 million ( US$7.6 million ), compared with RMB7.9 million in the same period of 2023, due to the cumulative effect of increased volume of loans facilitated covered by guarantee service in the previous quarters compared with the same period of 2023. Revenues from guarantee service are recognized systematically when the Company released from the underlying risk. Other revenue in the third quarter of 2024 increased by 42.4% to RMB128.8 million ( US$18.3 million ), compared with RMB90.4 million in the same period of 2023, primarily due to an increase in referral service fee for introducing borrowers to other platforms. Origination and servicing expenses in the third quarter of 2024 increased by 13.6% to RMB457 .5 million ( US$65 .2 million) from RMB402 .9 million in the same period of 2023, primarily due to the increase in collection expenses resulting from the cumulative effect of increased volume of loans facilitated and originated in the previous quarters compared with the same period of 2023. Borrower acquisitions and marketing expenses in the third quarter of 2024 increased by 20.7% to RMB506 .8 million ( US$72 .2 million) from RMB419 .9 million in the same period of 2023, primarily due to intensified efforts in borrower acquisitions compared with the same period of 2023. Reversal of provision for loans receivable in the third quarter of 2024 was RMB35 thousand ( US$5 thousand ), compared with provision for loans receivable of RMB53.9 million in the same period of 2023, primarily due to a decrease in the average estimated default rate compared with the same period of 2023, and partially offset by an increase in loans receivable held by the Company as a result of the cumulative effect of increased volume of loans facilitated and originated in the previous quarters compared with the same period of 2023. Provision for contingent guarantee liabilities in the third quarter of 2024 was RMB56.4 million ( US$8.0 million ), compared with RMB41.6 million in the same period of 2023, primarily due to an increase in guarantee liabilities held by the Company as a result of the increased volume of loans facilitated covered by the guarantee service this quarter compared with the same period of 2023. Income from operations in the third quarter of 2024 was RMB509 .0 million ( US$72 .5 million), compared with RMB435 .0 million in the same period of 2023. Income before income taxes and gain from equity in affiliates in the third quarter of 2024 was RMB473 .5 million ( US$67 .5 million), compared with RMB417 .5 million in the same period of 2023. Income tax expense in the third quarter of 2024 was RMB100.3 million ( US$14.3 million ), compared with RMB74.2 million in the same period of 2023. Net income in the third quarter of 2024 was RMB375 .8 million ( US$53 .6 million), compared with RMB347 .2 million in the same period of 2023. Non-GAAP adjusted net income in the third quarter of 2024 was RMB433.6 million ( US$61.8 million ), compared with RMB374.5 million in the same period of 2023. Net income per basic and diluted ADS in the third quarter of 2024 was RMB7 .86 (US$1.12), and RMB7 .74 (US$1.10), compared with RMB7 .26 and RMB7.02 , respectively, in the same period of 2023. Non-GAAP adjusted net income per basic and diluted ADS in the third quarter of 2024 was RMB9 .12 (US$1.30), and RMB8 .88 (US$1.27), compared with RMB7 .80 and RMB7 .56 respectively, in the same period of 2023. Cash and cash equivalents was RMB1,044 .1 million ( US$148 .8 million) as of September 30, 2024 , compared with RMB1,612.2 million as of June 30, 2024 . Recent Development Share Repurchase Plans On September 4, 2024 , the Company further extended the period of the US$30 million share repurchase program until March 31, 2026 . In the third quarter of 2024, the Company repurchased an aggregate of 1,689,722 Class A ordinary shares with 10,038 Class A ordinary shares represented by ADSs for a total consideration of approximately US$1.3 million . The Company has approximately US$4.1 million remaining for potential repurchases under its US$30 million share repurchase plan. As previously disclosed, on May 30, 2024 , the Company announced that its board of directors authorized a new US$20 million share repurchase plan, effective through November 30, 2025 . The Company completed a tender offer in July 2024 under the new share repurchase program, with a total repurchase amount of approximately US$9.2 million . The Company has approximately US$10.8 million remaining under its US$20 million plan. Business Outlook The Company expects the total loan amount facilitated and originated for the fourth quarter of 2024 to be between RMB30.0 billion and RMB31.0 billion . The total loan amount facilitated and originated for 2024 is expected to be between RMB102.6 billion and RMB103.6 billion . This forecast reflects the Company's current and preliminary views, which are subject to changes. Conference Call X Financial's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on November 27, 2024 ( 8:00 PM Beijing / Hong Kong Time on November 27, 2024 ). Dial-in details for the earnings conference call are as follows: Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call. A replay of the conference call may be accessed by phone at the following numbers until December 4, 2024 : Additionally, a live and archived webcast of the conference call will be available at http://ir.xiaoyinggroup.com . About X Financial X Financial (NYSE: XYF ) (the "Company") is a leading online personal finance company in China . The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system. For more information, please visit: http://ir.xiaoyinggroup.com . Use of Non-GAAP Financial Measures Statement In evaluating our business, we consider and use non-GAAP measures as supplemental measures to review and assess our operating performance. We present the non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We believe that the use of the non-GAAP financial measures facilitates investors' assessment of our operating performance and help investors to identify underlying trends in our business that could otherwise be distorted by the effect of certain income or expenses that we include in income (loss) from operations and net income (loss). We also believe that the non-GAAP measures provide useful information about our core operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making. We use in this press release the following non-GAAP financial measures: (i) adjusted net income (loss), (ii) adjusted net income (loss) per basic ADS, (iii) adjusted net income (loss) per diluted ADS, (iv) adjusted net income per basic share, and (v) adjusted net income per diluted share, each of which excludes share-based compensation expense, impairment losses on financial investments, income (loss) from financial investments and impairment losses on long-term investments. These non-GAAP financial measures have limitations as analytical tools, and when assessing our operating performance, investors should not consider them in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We mitigate these limitations by reconciling the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB 7.0176 to US$1.00 , the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of September 30, 2024 . Disclaimer Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the followings: the Company's goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China ; the demand for and market acceptance of its marketplace's products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law. Use of Projections This announcement also contains certain financial forecasts (or guidance) with respect to the Company's projected financial results. The Company's independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections or guidance for the purpose of their inclusion in this announcement, and accordingly, they did not express an opinion or provide any other form assurance with respect thereto for the purpose of this announcement. This guidance should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of the Company, or that actual results will not differ materially from those set forth in the prospective financial information. Inclusion of the prospective financial information in this announcement should not be regarded as a representation by any person that the results contained in the prospective financial information will actually be achieved. You should review this information together with the Company's historical information. For more information, please contact: X Financial Mr. Frank Fuya Zheng E-mail: [email protected] Christensen IR In China Mr. Rene Vanguestaine Phone: +86-178-1749 0483 E-mail: [email protected] In US Ms. Linda Bergkamp Phone: +1-480-614-3004 Email: [email protected] SOURCE X Financial
No. 24 Arizona is coming off consecutive defeats for the first time in the Tommy Lloyd era when it faces undefeated Davidson on Wednesday to begin the Battle 4 Atlantis in Paradise Island, Bahamas. Arizona (2-2) lost at Wisconsin 103-88 on Nov. 15 and followed that with a home loss against Duke 69-55 on Friday. The Wildcats have dropped 15 spots in the Associated Press Top 25 poll in two weeks. Arizona's record is .500 this early in a season for the first time since it was 3-3 to start the 2017-18 schedule. "I've got work to do, so let's get to work," said Lloyd, in his fourth year as Arizona's head coach. "Let's see where we're at in a month, and if we're still struggling, you know what I'll do? I still got work to do, but I'm gonna get to it." Arizona shot 39.6 percent from the field against Duke, and just 26.1 percent (6 of 23) from 3-point range. The Wildcats were outrebounded by 43-30 and their 15 turnovers led to 19 points. Jaden Bradley led Arizona with 18 points and KJ Lewis added 12. Preseason All-American Caleb Love had eight points on 3-of-13 shooting from the field, including 1-of-9 from 3-point range. Arizona made only one field goal in the last 5:39 as Duke pulled away after its lead was trimmed to six points. "We didn't play great," Lloyd said. "Now we need to take a step back and figure out why. Are there some schematic problems? Are there some problems with how our personnel is kind of put together? "We got to figure out what our certainties are, and the things we have to have, and then over the course of the next couple of days, if there's adjustments we need to make, we need to figure out what those are." Davidson is 4-0 after a 15-17 record last season, in which it lost its last six games to put an end to postseason hopes. A 93-66 win over visiting VMI on Friday followed a 91-85 win at Bowling Green and 76-70 victory over visiting East Tennessee State. The two wins by 10 points or fewer are important because Davidson was 6-12 in such games last season. It was 4-11 in games decided by five points or fewer. "The goal (is) to get better," Davidson head coach Matt McKillop said after the season opener. "We talk about fighting to win every possession. I think we had to figure out what that really felt like with the lights on." Davidson made 13 shots from 3-point range in the win over VMI. Reed Bailey had 23 points, eight rebounds and six assists. Bobby Durkin added 19 points, including 17 of them and a career-best five 3-pointers in the first half. Bailey leads Davidson in scoring (19 points per game) and rebounding (7.8). Durkin is shooting 57.9 percent (22 of 38) from the field and 54.2 percent (13 of 24) from 3-point range. By contrast, Arizona's Love is shooting 32 percent (16 of 50) from the field and 21.4 percent (6 of 28) from beyond the arc. Bradley leads Arizona with 15.5 points per game. He is shooting 50 percent (24 of 48) from the field and is 35.7 percent (5 of 14) from 3-point range. --Field Level MediaNorth-East Gateway To Vast Southeast Asian Markets, Scindia Tells InvestorsShort Interest in Energous Co. (NASDAQ:WATT) Increases By 24.3%
Oro-Medonte should expect to face budget challenges next year, council hearsSpaceX knocks out 1st of final 2 Space Coast launches of 2024
Social media has dramatically reshaped the beauty industry, particularly in 2024, with platforms like Instagram and YouTube serving as key drivers of beauty trends, consumer behavior, and brand marketing strategies. From influencer partnerships and live streaming events to the rise of virtual beauty consultations, social media’s influence is undeniable. The industry has adapted to these changes, capitalizing on the interactive nature of these platforms to engage directly with their audience and foster a more inclusive and personalized approach to beauty. New era of beauty communication In recent years, social media has emerged as an essential communication tool in the beauty industry. It is no longer just a platform for sharing advertisements or celebrity endorsements; it has become an interactive space where consumers can engage with brands, share their experiences, and receive real-time feedback. As Niharika Jhunjhunwala, Founder and CEO of ClayCo, points out, “The young audience, which makes up the largest market share of the beauty industry today, spends most of their time on various social media platforms. As a result, social media has become an essential channel for communication within the beauty industry.” The ability to directly communicate with consumers without geographical or time zone limitations has allowed brands to build stronger connections with their audiences. Skincare, in particular, has benefitted from this shift. Through social media, skincare routines, ingredient benefits, and product usage tips are shared more effectively than ever before. Social platforms like Instagram and YouTube are filled with content from dermatologists, beauty influencers, and real users sharing their skincare journeys. This democratization of beauty knowledge has made skincare more accessible and personalized, enabling consumers to find solutions that work for their individual needs. Social commerce: A game changer for beauty brands Social commerce has become one of the most significant trends in 2024, as it merges shopping with social media interaction. Brands are using social media platforms not just to promote products but to sell them directly. Riya Pant, Founder of Blur India, emphasizes how social media has revolutionized the shopping experience, saying, “Social media has taken the traditional shopping experience and made it better, faster, and way more engaging. Think about it—you’re scrolling through your feed, and suddenly there’s a live stream from your favorite beauty brand or influencer. In that moment, you’re not just watching; you’re part of an interactive session where you can see the product in action, ask questions, and even get tips tailored to your concerns.” This direct, engaging method of shopping has turned social media into a virtual storefront, where consumers can make purchases in real time, compare prices, and get answers to their questions immediately. The shift to social commerce is not just about product visibility but also about building trust. Consumers are more likely to make a purchase when they can see real people using the products and sharing their experiences. The power of influencer marketing plays a major role in this dynamic. Influencers have built large, engaged audiences, and their recommendations often carry more weight than traditional celebrity endorsements. This has led to a shift in how beauty brands approach marketing—moving away from glossy advertisements to more authentic, relatable content that feels personal and trustworthy. Building communities and driving advocacy For beauty brands, social media has become a platform for community building and brand advocacy. Natasha Tuli, Co-founder & CEO of Soulflower, describes how social media has enabled the brand to grow and connect with like-minded individuals: “For a modest, home-grown brand like ours, social media has helped immensely in amplifying our voice and spreading to millions across not just India but the world. In a way, it has solidified our vision and aim of being someone who speaks for the voiceless, whether it's cats or dogs or your hair and skin.” Brands that embrace authenticity and ethics can leverage social media to foster communities centered around shared values. Soulflower, for instance, has used platforms like Instagram and Facebook to not only promote its natural products but also to raise awareness about ethical issues in the beauty industry, such as adulterated products and sustainable beauty practices. This shift towards community engagement on social media has also brought about a focus on inclusivity. Beauty brands are increasingly embracing diverse skin tones, types, and concerns. The real beauty conversations happening online have led to a more inclusive representation of beauty, with consumers seeking products that meet their specific needs, whether it be for darker skin tones, sensitive skin, or ethical considerations. The rise of user-generated content (UGC) on platforms like Instagram has further supported this trend, as real consumers share their results and experiences, which in turn influences the purchasing decisions of their followers. Influencer marketing and trend amplification Influencer marketing continues to be a driving force behind beauty trends. Influencers—ranging from makeup artists and beauty bloggers to skincare enthusiasts—hold significant sway in shaping consumer preferences. Sarah Sarosh , a beauty content creator, highlights the power of real-person try-ons, stating, “People no longer just want celebrity advertisements; they also want reviews from real people. That’s exactly what social media provides to consumers: real-person try-ons, wear tests, trends, and everything in between, all demonstrated on different skin tones.” Social media has allowed beauty influencers to showcase products on various skin tones, encouraging inclusivity and authenticity in a way that traditional media never could. As Sarosh notes, trends spread quickly on social media. One example of this is the rise of the “blush blindness” trend, where the use of blush has become increasingly popular. “There was once a time when we hated having any color on our cheeks,” Sarosh explains, “but now, girls are completely obsessed with blush, and ‘blush blindness’ has gone viral.” Trends like these demonstrate how social media can amplify niche interests and create viral sensations that impact product development. Brands are quick to pick up on these trends, launching new products to meet the growing demand. In 2024, social media has become the primary channel for beauty trend amplification, allowing trends to emerge, evolve, and spread faster than ever. The role of AI and technology in beauty marketing In addition to influencers and user-generated content, technology—especially artificial intelligence (AI)—is playing an increasingly important role in the beauty industry’s digital transformation. Dr. Sagar Gujjar , MD Dermatologist and Founder of Skinwood, explains that social media has become a virtual classroom where skincare routines and ingredients are explained in detail. “Social media platforms are no longer just communication channels but have become virtual classrooms where dermatologists and AI-powered diagnostics explain ingredients and educate consumers about the benefits of minimalist, results-oriented routines,” he says. AI has also revolutionized the beauty industry by allowing brands to offer personalized skincare recommendations based on consumers’ unique needs. Tools like virtual try-ons, where consumers can see how makeup or skincare products would look on their skin, have become increasingly popular. These AI-powered tools are not only enhancing the shopping experience but also enabling consumers to make more informed decisions about the products they purchase. How 2024 beauty trends celebrated diversity and inclusivity The rise of personalized skincare for brides and grooms Additionally, AI tools can help brands track trends, analyze consumer behavior, and optimize marketing strategies in real-time. This data-driven approach allows beauty brands to tailor their content and offerings to meet the evolving needs of their audience, creating more personalized experiences for consumers. The mental health and wellness connection The relationship between beauty and mental health has also been amplified through social media. Platforms like Instagram have become spaces where conversations around self-care, wellness, and mental health are front and center. Many beauty brands are aligning themselves with these movements, promoting the philosophy that beauty should be about feeling good as much as looking good. Social Media Addiction Costs Mumbai Influencer: Aanvi Kamdar Falls To Death At Kumbhe Waterfall Malvika Jain, Founder of SEREKO, notes that social media has played a significant role in spreading awareness about holistic wellness and mental health. “Social media has also played a significant role in spreading awareness about mental health, encouraging conversations around holistic wellness & self-care,” she says. This shift in focus has helped create a more positive and inclusive narrative around beauty, one that values mental well-being as much as physical appearance. As mental health continues to be a major conversation in the beauty industry, brands are increasingly using social media to promote messages of self-love, body positivity, and mental wellness. These conversations have not only shaped how beauty is defined but have also led to a more responsible approach to marketing, with brands being held accountable for the way they represent beauty standards. The road ahead: Sustainability and inclusivity One of the most significant trends in the beauty industry in 2024 is a growing focus on sustainability and ethical practices. Social media has given consumers a platform to voice their concerns about environmental issues, and beauty brands have responded by incorporating more sustainable practices into their production processes. From cruelty-free products to eco-friendly packaging, the demand for sustainable beauty is stronger than ever. Shriram Balasubramanian , Director at Zuventus Healthcare Ltd, notes that social media has driven a shift towards sustainability in the beauty industry. “Social media platforms have evolved to become virtual storefronts for building brand reputation. The content creators in this space have amplified audience reach and engagements offering relatable, diverse perspectives, driving consumer purchase decisions that are informed.” The transparency afforded by social media has forced brands to be more accountable for their sustainability practices, and this trend is only expected to grow in the coming years. The influence of social media on the beauty industry in 2024 is undeniable. Platforms like Instagram and YouTube have become essential tools for beauty brands, allowing them to connect with consumers in new and innovative ways. From influencer marketing and live shopping events to AI-powered skincare consultations and sustainability-focused campaigns, social media has completely transformed how beauty products are marketed and consumed. As the industry continues to evolve, social media will remain a powerful engine for trend amplification, community engagement, and authentic brand-building. The future of beauty is digital, interactive, and driven by the collective power of consumers and content creators alike.Poet Technologies Announces US$25 Million Registered Direct Offering
OTTAWA — The Atlantic Liberal caucus is calling on Prime Minister Justin Trudeau to resign as party leader in a letter expressing "deep concern" about the future of government. The letter dated Dec. 23 was shared publicly Sunday by New Brunswick MP Wayne Long, who has been saying since the fall that Trudeau should step down. Long wrote in a Facebook post that he shared the letter for "openness and transparency." "If we are to have any chance in the next election, and prevent a Pierre Poilievre government, we need new leadership with a new vision for our party and the country," Long wrote. Atlantic caucus chair and Nova Scotia MP Kody Blois penned the letter, saying it is no longer "tenable" for Trudeau to continue to lead the party. The letter notes that the country faces "instability" amid U.S. president-elect Donald Trump's tariff threats and signals from opposition parties that they will declare non-confidence in Trudeau's government at the first opportunity. The letter thanks Trudeau for his nine years of service as prime minister, saying he leaves a "positive and consequential legacy." It cautions Trudeau that could be undone if he stays on as leader. The letter comes less than two weeks after Chrystia Freeland's resignation from Trudeau's cabinet as finance minister and deputy prime minister. "Our colleagues this morning expressed their deep personal affection for you, their pride in our work as a Liberal team, but also their deep concern that without a leadership change that progress will be lost under a Pierre Poilievre-lead government," Blois wrote to Trudeau. The letter concludes with a call for a national caucus meeting in early January so the Liberal MPs can discuss their next steps. Blois did not respond immediately to a request for comment. Trudeau is said to be thinking about his future during the holiday break. Conservative MP John Williamson said Friday he plans to introduce a non-confidence motion at the next public accounts committee meeting on Jan. 7. If that motion is successful at committee, it would be forwarded to the House of Commons and could be voted on as soon as Jan. 30, triggering an election if it passes. The Conservatives brought forward three non-confidence motions during the fall sitting of the House of Commons, which the Liberals survived thanks to support from the NDP. However, NDP Leader Jagmeet Singh now says that his party has lost confidence in the government and intends to bring forward a non-confidence motion in the new year, regardless of who is Liberal leader. This report by The Canadian Press was first published Dec. 29, 2024. David Baxter, The Canadian PressHE the President of the Public Works Authority (Ashghal), Eng Mohammed bin Abdulaziz al-Meer has affirmed that commemorating the anniversary of founding the modern State of Qatar by Sheikh Jassim bin Mohammed bin Thani, holds immense national and historical significance for Qatari people. It is an occasion to reflect on the country's journey and achievements while striving to fulfill its future vision under its wise leadership. Speaking to Qatar News Agency (QNA) on the occasion of National Day, he highlighted that this day carries deep significance, as it symbolises the strong bond of Qataris with their history, identity, and national unity. He expressed his pride in Qatari identity, commitment to national cohesion, and adherence to the values and principles established by the founding leader. He emphasised that National Day is both a celebration of a rich heritage and a recognition of the remarkable progress Qatar has made across all fields. These include social, economic, industrial, health, educational, and technological development. It is also a moment to reaffirm commitment to advancing the nation's infrastructure to the highest standards, ensuring prosperity of its citizens, stability of homeland, and sustainability of its growth and progress. Eng al-Meer stated that the leaders of this beloved country have worked diligently to preserve the historical achievements and follow the path of the founder, Sheikh Jassim bin Mohammed bin Thani. By upholding core values, strengthening national unity, fostering development, and safeguarding sovereignty and independence, Qatar has solidified its status as a modern, progressive nation with strong roots and visionary leadership. He further pointed out continuous growth, prosperity, and elevated standing Qatar enjoys among nations. The country has made significant strides in its journey toward becoming one of the world's leading nations, achieving major accomplishments both domestically and internationally. He also stated that Ashghal has made significant achievements in infrastructure, building projects, and maintenance for the 2023-2024 period, maintaining steady progress to meet its desired objectives. The expressway network now spans over 954km, while cycling and pedestrian pathways have been expanded to a total length of about 1,327km. Additionally, green spaces and landscaping areas now cover over 9.2mn sq m, with 223,000sq m added during 2023-2024. He emphasised the Authority's strong commitment to developing road and infrastructure projects for both new and existing citizens' plots. By the end of 2023, over 250km of roads and 250km of pedestrian and cycling pathways were completed. The sewage network was extended by an additional 500km, with infrastructure services delivered to 480 plots in new areas and 2,100 plots in existing ones. HE al-Meer explained that Ashghal is focusing on enhancing sustainability and recycling initiatives as a key goal to achieve Sustainable Development Goals outlined in Qatar's National Vision 2030. This includes striking a balance between economic growth and environmental conservation. Key initiatives include recycling asphalt materials, using treated wastewater for cooling systems, irrigating green spaces, and growing fodder, along with using recycled tire rubber in asphalt mixes and recycling construction and demolition waste. The recycling rate achieved in these efforts has surpassed 50%. He emphasized Ashghal's dedication to adopting the latest strategies in project delivery, applying global best practices, and improving services to enhance customer satisfaction, all while ensuring sustainability and quality of the country's infrastructure projects. As part of its digital transformation, Eng. Al Meer highlighted that Ashghal organized the first-ever Building Technology and Services Exhibition, ConteQ Expo 2024, held from September 16-18. This event, in collaboration with Ministry of Commerce and Industry, Ministry of Communications and Information Technology, and Ministry of Labor, showcased cutting-edge technologies in construction and services, marking a major step in Qatar's digital and technological transformation. He also noted that Ashghal is boosting efficiency and safety through digital innovations such as digital twins, sensors, and drones, as well as converting its administrative building into a smart building. These initiatives aim to reduce dependence on unskilled labor, replacing it with advanced technology to increase efficiency, productivity, and safety across various projects. Related Story 'Celestyal Journey' calls on Doha Port to a grand welcome QNL explores strategies to support language development among childrenIn the ever-evolving world of gaming and technology, the boundaries between reality and virtual advancements are blurring at an unprecedented pace. Enter Archer Aviation (NYSE: ACHR), a company on the cutting edge of creating sustainable aviation solutions, and now forging an unexpected bridge to the gaming industry. Archer’s engagement with this industry’s technology has sparked a new conversation around integrating real-world simulation into digital gaming environments . The concept of electric vertical takeoff and landing (eVTOL) aircraft, pioneered by Archer, is revolutionizing how we perceive urban air mobility. However, their influence isn’t stopping at the tarmac. By merging their advanced flight simulation technologies with gaming platforms, there is potential for hyper-realistic gaming experiences. Players could soon experience the thrill of piloting eVTOL vehicles in an immersive setting, learning not just gaming skills but aspects of aerodynamics and aviation control. This intersection of technologies is also giving rise to discussions on game-based training for future pilots. With Archer’s technology, an aspiring pilot could potentially train in a virtual realm, preparing to navigate actual skies. Experts suggest this could lead to the democratization of flight training, making piloting accessible to a broader audience through gaming platforms. As Archer Aviation blazes new trails by collaborating with gaming developers, the future of combining real-world technologies with digital innovations seems limitless. This venture provides an opportunity for gamers to not only enjoy a new level of engagement but to also participate in shaping the future of urban mobility. Electric Skies Ahead: The Rise of Hyper-Realistic Gaming with Archer Aviation In the dynamic fusion of sustainable aviation and digital entertainment, Archer Aviation is pioneering a groundbreaking shift in gaming experiences. Known for its innovations in urban air mobility through its electric vertical takeoff and landing (eVTOL) aircraft, Archer is now enhancing the gaming industry with its cutting-edge flight simulation technology. A New Breed of Gaming Experience By integrating eVTOL simulation technology into gaming platforms, Archer Aviation is paving the path for hyper-realistic gaming scenarios. Players are presented with the remarkable chance to simulate piloting eVTOL vehicles in virtual environments, offering not only thrilling gameplay but also educational insights into aerodynamics and aviation controls. This evolution ensures that gaming becomes a gateway to understanding and exploring the intricacies of flight in an electrified future. Game-Based Training Revolution The convergence of Archer’s flight simulation technology with digital gaming suggests a future where game-based training could become a pivotal tool for aspiring pilots. This innovation aims to lower the barriers to entry for flight training, making it more accessible through immersive gaming experiences. According to experts, this approach could democratize flight education, offering a platform for budding pilots to gain practical skills in a safe, virtual realm. Innovations and Future Implications Archer Aviation’s venture into gaming represents an innovative leap forward, highlighting the endless possibilities of blending real-world technologies with digital advancements. For gamers, this means an elevated level of engagement and interaction, as they participate in shaping the urban skyways of tomorrow. More than entertainment, this approach serves a dual function by training the next generation of pilots and infusing sustainability into the core of gaming scenarios. Market Insights and Trends The intersection of aviation technology with gaming signals a significant trend in both industries—one where sustainable practices and digital innovation create new market opportunities. As more companies explore similar integrations, the gaming industry could see a rise in educational content that leverages real-world simulations, setting a new standard for entertainment and learning. Looking Ahead: Predictions and Potential With Archer Aviation’s continued collaboration with developers, the prediction for the future is a gaming landscape enriched with realistic simulations that mirror actual aviation scenarios. This could foster strategic partnerships, prompting further advancements and inspiring other sectors to explore similar integrations. Moreover, it highlights a growing trend towards sustainability and innovation in digital realms, potentially transforming how entertainment and education intersect. Archer Aviation’s unique approach underscores a compelling narrative: digital gaming is not just a pastime but a potential innovator in the fields of education and sustainable urban transportation. As these realms merge, the possibilities for the future are vast and promising.
NEW YORK (AP) — Wall Street is set to break more records Monday as U.S. stocks rise to add to last week’s gains. The S&P 500 was 0.2% higher, as of 3 p.m. Eastern time, and sitting just below its all-time high set two weeks ago. The Dow Jones Industrial Average added 397 points, or 0.9%, to its own record set on Friday, while the Nasdaq composite was 0.1% higher. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.De La Rosa scores 27 points as Columbia tops Fairfield 85-72
XINTC – A groundbreaking Dutch electrolyser design is now poised for global deployment On Monday, 9 December 2024, the Minister for Climate and Sustainable Growth, Mrs. , will officially open the H2 Experience Centre in Kootwijkerbroek, The Netherlands. This event will symbolically mark the global launch of a pioneering electrolyser design, a significant milestone in the advancement of hydrogen technology. The establishment of the H2 Experience Centre has been made possible through the support of the National Growth Fund GroenvermogenNL. Propelled by the vision of creating a sustainable future for future generations, XINTC is committed to advancing technologies that will help secure hydrogen’s role as a key clean energy carrier within the global energy mix. Hydrogen presents an excellent alternative to traditional fossil fuels such as natural gas and diesel, offering vast potential for a wide range of applications. Electrolysers are advanced devices that use electricity to split water into hydrogen and oxygen. Traditionally, these devices are highly specialized, built to customer specifications, and rely on expensive components, making hydrogen production costly. XINTC is proud to announce a groundbreaking innovation in the field: the development of an all-plastic gas module (stack) that eliminates the need for critical metals, membranes, and seals. This advancement enables the mass production of electrolysers and ensures that the gas modules are virtually maintenance-free. As a result, the cost of hydrogen production can be significantly reduced, opening new opportunities for scaling up hydrogen adoption globally. the latest news shaping the hydrogen market at XINTC – A groundbreaking Dutch electrolyser design is now poised for global deployment SolydEra and Dynelectro Formalise Strategic Partnership for 1 MW Solid Oxide Electrolyser Delivery PERGINE VALSUGANA, Italy and VIBY ZEALAND, Denmark, November 18th, 2024 SolydEra and Dynelectro have transitioned... Ren-Gas Selects Sunfire Electrolyzer for Its Tampere E-Methane Plant Dresden / Tampere, November 19, 2024 – Ren-Gas is excited to announce the selection of Sunfire as one of the key technology providers for the Tampere... IMI to showcase safety-oriented design for containerised PEM electrolysers at Berlin Electrolyser Conference IMI will showcase its IMI VIVO Electrolyser at the Berlin Electrolyser Conference, with the 7th edition of the...
On a rare two-game skid, No. 24 Arizona faces Davidson
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