Month: November 2022

SINGAPORE, Nov. 01, 2022 (GLOBE NEWSWIRE) — Singapore-based technology asset lifecycle services company TES and 3DOM (Singapore), the Singapore office of Japan-based battery producer 3DOM Alliance Inc., have signed a Memorandum of Understanding (MOU) to work together to develop and grow Singapore’s battery recycling and manufacturing ecosystem.

The agreement was facilitated in part by the Singapore Battery Consortium (SBC). As the MOU moves forward, it will likely also involve battery solutions provided by Singapore-based GenPlus.

3DOM (Singapore) is responsible for the production and supply of lithium-ion batteries developed in Japan by 3DOM Alliance Inc., with a presence in mobility and energy storage applications.

This partnership investigates collaboration opportunities pertaining to 1) lithium-ion battery recycling services in Singapore; 2) the synergies between TES and 3DOM in their roles in end-of-life battery management in the region; and 3) energy storage system (ESS) integration opportunities to increase the sustainability of electrification in Singapore’s increasingly circular economy.

The MOU allows both companies to work together towards the listed goals. Additionally, TES will offer recycling services to 3DOM for the lithium-ion batteries it generates in the region. The two companies will also explore synergies between portfolio companies for repurposing and reusing batteries.

“This MOU represents 3DOM (Singapore)’s commitment to Singapore’s vision of a circular economy for batteries and the future of technology. We have confidence that with TES, we have the right partner to move forward with the responsible handling, repurposing, and recycling of batteries and battery materials in Singapore,” said Mari Matsushita, Chief Product Officer of 3DOM (Singapore).

David Lee, Chief Strategy Officer of TES, added, “We are delighted to have been selected by 3DOM (Singapore) to be their partner in recycling and closing the loop here in Singapore. This MOU represents what we are certain will be the first of many positive steps in creating a closed-loop system for battery materials in Singapore and the wider region.”

For more information about TES, visit https://www.tes-amm.com/.

Additional information about innovative battery technology and energy solutions provider 3DOM (Singapore) can be found at https://3dom.sg. For further information, please contact garry.tay@3dom.co.jp.

Contact Information:
Eric Ingebretsen
Chief Commercial Officer
eric.ingebretsen@tes-amm.com
+6564088660

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GlobeNewswire Distribution ID 8686157

VICTORIA, Seychelles, Oct. 31, 2022 (GLOBE NEWSWIRE) — The Hong Kong Government has today issued a statement entitled “Policy Statement on Development of Virtual Assets in Hong Kong” that sets out its stance and approach to developing a “vibrant sector and ecosystem for Virtual Assets (“VA”) in Hong Kong”.

The statement relates that the Hong Kong Government and financial regulators are working towards providing a facilitating environment for sustainable and responsible development of the Hong Kong VA sector. It also reports that the Government is stepping up its preparatory work for a new licensing regime and preparing to allow retail investment in Virtual Assets under certain conditions. It outlines that the Government is exploring a number of pilot projects to test the technological benefits brought by the Virtual Assets sector.

Following the announcement, OKX Director of Financial Markets Lennix Lai has offered the following insights into what the changes are likely to mean for Hong Kong, the sector, and the world’s second largest crypto exchange by trading volume:

On the promise offered by Hong Kong as a Virtual Assets hub, Lai said:
“The factors that determine which markets will become the crypto hubs of the future include the jurisdiction’s rule of law, financial market infrastructure, capital availability, and talent pool. Hong Kong offers near unmatched potential in a lot of these areas, and has always maintained a keen focus on investor protection, which is of utmost importance.”

“The approaches taken in regions like the UAE and Singapore have shown that it is possible to balance investor protection and the business needs and practical realities of the crypto market.”

On what the statement means for OKX and the sector, Lai stated:
“It is expected that many crypto industry players—ourselves included—will be looking to re-focus their efforts on the Hong Kong market and grow their presence to the level of a regional or even the global hub.”

“This signal from the Hong Kong Government is very important and gives us a better sense of the regulatory direction that it has in mind for the industry. With the Government reconsidering its stance and potentially opening up the market for some retail participation, this increasingly open attitude has given us enough confidence to make the Hong Kong market a priority. For the crypto ecosystem there to flourish, those players with Asia-Pacific headquarters in Hong Kong will need to attract a lot of talent. This will require both the presence of crypto-minded professionals and net migration into Hong Kong.”

Lai also commented that OKX would closely monitor upcoming regulatory developments and dedicate resources to ensuring compliance.

In closing, Lai remarked that:
“Hong Kong has been waiting for this industry-friendly regulatory clarity for years. The Government of Hong Kong has sent a strong signal that it wants to support the development of Virtual Assets and this offers the foundational basis that the industry needs to invest and develop business presences in Hong Kong.”

“The crypto industry is still young, and it needs accommodating yet attentive environments in which to grow. OKX is very excited to see that Hong Kong has signaled its willingness to be just such an environment as it continues its track record of leading as a global innovation hub.”

For further information, please contact:
Media@okx.com

About OKX
OKX is the second biggest global crypto exchange by trading volume and a leading web3 ecosystem. Trusted by more than 20 million global customers, OKX is known for being the fastest and most reliable crypto trading app for investors and professional traders everywhere.

As a top partner of English Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new financial and engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

To learn more about OKX, download our app or visit: okx.com

GlobeNewswire Distribution ID 8686065

CAMBRIDGE, Mass., Oct. 31, 2022 (GLOBE NEWSWIRE) — Nominations are now open for the first award of the Richard N. Merkin Prize in Biomedical Technology, which recognizes novel technologies that have improved human health.

Each year, the prize will celebrate a novel technology and recognize up to four key contributors to the development of the technology, with a cash award of $400,000 to be shared among each year’s recipients. The winning technology must have made a demonstrable real-world impact on human health by improving the treatment, diagnosis, or prevention of disease.

The Merkin Prize is administered by the Broad Institute of MIT and Harvard, one of the world’s leading biomedical research institutes.

“The Merkin Prize will highlight the inventors of an important medical technology and will demonstrate how their work is transforming healthcare,” said Harold Varmus, chair of the selection committee. Varmus is the Lewis Thomas University Professor at Weill Cornell Medicine, a senior associate at the New York Genome Center, and a recipient of the Nobel Prize in Physiology or Medicine for his work on the origins of cancer.

Eligibility for receipt of the Merkin Prize extends to all living investigators from anywhere in the world, using any discipline in academia, the commercial sector, or government. Anyone may submit a nomination, but self-nominations are not permitted. Nominations must be submitted by Jan. 23, 2023.

For further information, detailed instructions, and a nomination form, please visit merkinprize.org.

About the Merkin Family Foundation

The Merkin Family Foundation was founded by visionary healthcare executive Richard Merkin, MD.

Richard Merkin, MD, is the founder and CEO of Heritage Provider Network, Inc. (HPN). HPN is the largest physician-owned managed care organization in the country dedicated to value-based healthcare delivery improvements. HPN develops and manages coordinated, patient-doctor centric, integrated healthcare systems that offer some of the strongest solutions for the future of health, care, and cost in the United States. HPN and its affiliates operate in New York, California, Arizona, and Colorado, providing high-quality, cost-effective healthcare with over one million patient members. HPN is dedicated to quality, affordable healthcare, and putting patients’ wellness first.

About Broad Institute of MIT and Harvard

Broad Institute of MIT and Harvard was launched in 2004 to empower this generation of creative scientists to transform medicine. The Broad Institute seeks to describe the molecular components of life and their connections; discover the molecular basis of major human diseases; develop effective new approaches to diagnostics and therapeutics; and disseminate discoveries, tools, methods, and data openly to the entire scientific community.

Founded by MIT, Harvard, Harvard-affiliated hospitals, and the visionary Los Angeles philanthropists Eli and Edythe L. Broad, the Broad Institute includes faculty, professional staff, and students from throughout the MIT and Harvard biomedical research communities and beyond, with collaborations spanning over a hundred private and public institutions in more than 40 countries worldwide.

Contact Information:
Karen Zusi-Tran
Senior Media Relations Manager
kzusi@broadinstitute.org

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