Day: April 22, 2023

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Press Releases

Xypex Chemical Corporation Announces the Opening of Xypex India Manufacturing Facility

VANCOUVER, BC / ACCESSWIRE / April 22, 2023 / Xypex Chemical Corporation, a world leader in construction products for waterproofing by crystallization, is proud to announce the opening of Xypex India and the commissioning of a new production facility in Noida, India.

For more than 20 years, Xypex has partnered with its exclusive distributor in India, Apaar Infratech, to establish strong business relationships in private construction markets and government projects. Due to its business growth in the region, it decided to build its first batching plant in India, importing the proprietary chemicals from its manufacturing base and headquarters in Richmond, BC.

India plays an increasingly important role in their global growth strategy. It has achieved a strong market presence in recent years participating in infrastructure projects in the transport and hydroelectric sectors as well as commercial and residential building. Most recently, Xypex played a significant role in the waterproofing of the Delhi Metro expansion. Xypex is excited about future prospects and hopes the newly constructed plant will be the first step in its accelerated growth plans.

Xypex is dedicated to developing and providing innovative solutions that permanently waterproof concrete structures and contribute to their extended service life.

Xypex is excited to celebrate the opening of its new manufacturing plant, which will enable them to provide innovative concrete waterproofing materials to the Indian construction industry.

For more information, please visit their website at www.xypex.in. Xypex looks forward to building on our strong partnerships with the construction industry in India.

About Xypex Chemical Corp

Xypex Chemical Corporation manufactures a range of concrete waterproofing and protection products used in constructing or restoring building foundations, water and sewage treatment infrastructure, tunnels, manholes, and marine structures. Its unique crystallizing technology has been tested and proven worldwide in all climates and in widely varying construction situations. Sold through an international network of distributors and licensees in over 90 countries, Xypex is specified and used on countless projects around the world.

Available as an admixture or coating, Xypex Crystalline Waterproofing reacts with the by-products of cement hydration and other mineral constituents of the concrete, precipitating a chemical reaction that produces a non-soluble crystalline formation that fills and permanently blocks the pores, capillaries and hairline cracks that naturally occur in the structure. In this way, Xypex becomes a permanent, integral part of the structure. For more information, please visit their global website at www.xypex.com.

Contact Information

Ashwini Rai
Xypex India Distributor
info@xypex.in
+91 120 4090900

Chantell Segal
Global Marketing Director
enquiry@xypex.com

SOURCE: Xypex Chemical Corporation

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Press Releases

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Hesai Group Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – HSAI

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and/or traceable to Company’s initial public offering conduced in February 2023 (the “IPO”), of the important June 6, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Hesai securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Hesai class action, go to https://rosenlegal.com/submit-form/?case_id=13347 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 6, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the IPO Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Hesai Group’s gross margin decrease was caused by a lower in-house utilization rate; (2) Hesai Group’s gross margin was 30% for the fourth quarter—which was completed over a month before the date of the amended registration statement; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hesai class action, go to https://rosenlegal.com/submit-form/?case_id=13347 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8813078

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Press Releases

HostDime’s Colombia Data Center First in Latin America to Achieve EDGE Green Certificate

BOGOTÁ, COLOMBIA / ACCESSWIRE / April 21, 2023 / HostDime, a hyper-edge global data center company, is proud to announce its new Tier IV Colombia Data Center has received the EDGE (Excellence in Design for Greater Efficiencies) certificate, which is awarded to buildings that demonstrate resource efficiency of at least 20 percent in energy, water, and embodied energy in materials.

EDGE is a green building standard and a global certification system developed by the World Bank’s International Finance Corporation that certifies the design and resource efficiency of green buildings. EDGE is a measurable way for builders to optimize their designs to help create a sustainable future and provide better investment rates for HostDime and their clients.

HostDime’s Colombia “Nebula” Tier IV Data Center is the first data center in Latin America to meet these EDGE certification standards.

“We are very proud of obtaining the first EDGE Green Certificate in Latin America. Incorporating all these environmental features in our New Colombia Tier IV ‘Nebula’ Data Center allows us to operate one of the most sustainable data centers in the world. Our commitment is aligned with the broader data center industry’s ESG efforts. As we continue to build out our next-gen purpose built Tier IV Data Centers throughout Latin America, we will continue to adapt such sustainable features while also taking advantage of renewable energy sources,” says Edwin Tello, VP of HostDime Latin America.

Data centers account for an estimated 1% of worldwide electricity use, so the industry must be conscious of its responsibilities. ESG (environmental, social, and governance) considerations are crucial when designing, constructing, and operating purpose-built data centers. Taking ESG issues seriously maximizes operational efficiencies and reduces overall risks.

Power consumption can be used to measure data center efficiency. PUE (Power Usage Effectiveness) is the measurement of how efficiently a data center uses energy. The lower the PUE, the better. While HostDime achieves at or under 1.3 PUE in their constructed data centers, most providers have a PUE in the 1.6 or higher range. Bringing PUE down across the data center industry is an obtainable and worthwhile objective. HostDime’s purposeful use of power-efficient electrical components, modular POD footprints, hot aisle containment, highest efficiency chillers, and renewable energy use all correspond to a large reduction in annualized PUE.

HostDime continues to carry out additional actions to improve energy efficiency in its purpose-built facilities in Brazil, Mexico, Colombia, and the USA.

Last year, HostDime invested $1.2 million in the construction of a solar power plant to support the entire power infrastructure of their João Pessoa, Brazil, data center, as well as a planned 30% expansion.

This year, HostDime will open their flagship data center and headquarters in Orlando, Florida. The rooftop of this facility will feature high-density solar panels; up to 1MW of the facility’s 5MW will be powered by the sun. Taking advantage of the Florida sun will reduce operating costs, lock-in energy costs, and decrease their carbon footprint.

“We are constantly evolving our data center designs and best practices to create energy efficiencies so that we can build and operate facilities that positively impact future generations.” – David Vivar, HostDime’s VP of Global Engineering.

HostDime’s green initiatives solidifies to their staff, customers, and the marketplace that ESG principles are held to the highest importance. Designing and building an environmentally friendly green data center should be a pattern followed by every new data center worldwide. On this Earth Day, we must take a stand and take care of our resources that are not infinite; together, we can do it.

About HostDime:

HostDime is a hyper-edge global data center company operating our owned purpose-built data center facilities in Mexico, Brazil, Colombia, and our flagship facility in Florida, USA, and with owned networks in the UK, India, and Hong Kong. Our mission is to design, build, and operate purpose-built, next-gen data center facilities at the global edge.

We offer an array of core digital infrastructure products and services, including colocation (private data center suites, cages, racks), interconnection (cross-connects, peering, transit), Hardware-as-a-Service (bare metal servers, lease-to-own servers, hardware procurement), cloud infrastructure (private, hybrid, multi-cloud), and managed services (server management, remote hands, smart hands).

Contact Information:

Jared Smith
Director of Marketing
jared.s@hostdime.com
386-341-0855

SOURCE: HostDime

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General

Khamenei: Enemies turn to plot conspiracies after their defeats in the region

Leader of the Islamic Revolution in Iran, Sayyed Ali Khamenei, said that the enemies changed their approach after the defeats they received in many countries in the region, and began resorting to plotting, intrigues and humiliating the people in order to continue implementing their conspiracies.

“The enemies used to control the countries through their colonial power, but this tactic has become useless now and they have realized that they are unable to do anything by military force, and therefore they tend to change their strategy, resort to misinformation and try to influence the people ”, The Iranian news agency IRNA, quoted Khamenei as saying during the Eid al-Fitr prayer sermon .

Source: Syrian Arab News Agency

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General

Donations of 3rd Edition of National Campaign for Charitable Work Exceeds SAR 757 Million

The Saudi Data and AI Authority (SDAIA), which supervises the work of the National Platform for Charity Work (Ehsan), announced that the volume of donations received by the third edition of the National Campaign for Charitable Work during the month of Ramadan reached more than SAR 757 million since its launch.

On the 19th of Ramadan, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Chairman of the Board of Directors of the SDAIA, launched the third edition of the National Campaign for Charitable Work with two generous donations amounting to SAR 70 million.

Donations have reached more than 67 million operations, benefiting more than 4.8 million beneficiaries in more than 23 charitable fields, including educational, social, housing, religious, health, and food.

Moreover, the operations of paying Zakat Al-Fitr – which is a small amount of money Muslims are obligated to give to the poor and needy before the Eid Al-Fitr prayer – in the last two days of Ramadan amounted to more than 1.7 million Zakat.

The Zakat Al-Fitr operations have brought the total donations of the Ehsan platform so far to more than SAR 3.9 billion.

The SDAIA noted that the Ehsan platform continues its usual charitable work, represented by receiving donations from individuals, companies, banks, and philanthropists through the application and website of the platform: https://smex-ctp.trendmicro.com:443/wis/clicktime/v1/query?url=https%3a%2f%2fehsan.sa%2f&umid=7f556ada-c45c-4c67-9036-4b1d23cfbfe4&auth=a44d8c9117996830c05b49c4ef5098064bd89b62-2fed58b810fbe0fe8072b7608c592aa2eefd35a2

This is in addition to the benefactors-dedicated call centre’s unified number (8001247000) and the designated bank accounts which can also be used as a means for donations.

Source: Saudi Press Agency

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General

Saudi Arabia Advances 17 Ranks in World Bank’s Logistics Performance Index

The Kingdom of Saudi Arabia has realised a new achievement in the transport and logistics system after advancing 17 places in the global Logistics Performance Index (LPI) issued by the World Bank.

Among 160 countries, the Kingdom has advanced to the rank 38th in the World Bank’s Logistics Performance Index after achieving wide leaps in performance efficiency through several sub-indicators, most notably the indexes of Logistics Competence and Quality, Tracking and Tracing, Timeliness, Customs, Infrastructure, and International Shipments.

Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, stated that such progress had been achieved due to the support and empowerment of HRH Crown Prince.

In this regard, the Minister highlighted the ambitious goals of the National Transport and Logistics Strategy, which HRH Crown Prince has recently launched, and the broad structural reforms and qualitative strategic initiatives it includes.

Al-Jasser indicated that strategies employed in the sector have had a significant impact and have radically transformed the transport and logistics system, profoundly enhancing its operational efficiency across every sector’s performance in accordance with international indicators, and has enhanced the Kingdom’s position as a global logistics hub.

Source: Saudi Press Agency

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General

Ministry of Foreign Affairs Announces Arrival of Evacuated Citizens, Nationals of Several Countries from Sudan

In the implementation of the directives of the Kingdom’s Leadership, the Ministry of Foreign Affairs announced the safe arrival of the citizens of the Kingdom who were evacuated from the Republic of Sudan as well as several nationals of brotherly and friendly countries, including diplomats and international officials, who arrived in an evacuation operation carried out by the Royal Saudi Naval Forces with the support of various branches of the armed forces.

The number of citizens who were evacuated reached 91 citizens, while the number of people who were evacuated from brotherly and friendly countries reached approximately 66, representing the following nationalities (Kuwait, Qatar, the United Arab Emirates, Egypt, Tunisia, Pakistan, India, Bulgaria, Bangladesh, the Philippines, Canada, and Burkina Faso). The Kingdom worked to provide all the necessary needs of foreign nationals in preparation for their departure to their countries.

Source: Saudi Press Agency

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General

Global Coalition’s Drone Crashes in Northern Iraq

The Global Coalition in Iraq announced that a drone belonging to the coalition crashed in the south of Iraq’s Kirkuk governorate on Saturday.

In a statement, the coalition said the drone experienced a mechanical failure while providing support to Iraqi security forces during their operations. The Iraqi security forces responded promptly and secured the crash site, ensuring the area was protected against potential threats.

To mitigate any risks associated with the wreckage, the coalition’s personnel executed a controlled detonation to clear the debris. No injuries were reported, and no damage to civilian infrastructure occurred as a result of the incident, the statement added.

Source: Qatar News Agency

Categories
General

Cloudy Weather Expected Tonight

Weather inshore tonight until 6:00 am on Sunday will be some clouds to scattered clouds, the Department of Meteorology said in its daily weather report.

Offshore, it will be hazy at times and some clouds, the report added.

Wind inshore will be mainly southeasterly to northeasterly 06 to 16 KT.

Offshore, it will be variable mainly southeasterly to southwesterly 03 to 10 KT.

Visibility will be 05 to 10 kilometer.

Sea state inshore will be 1 – 2 FT. Offshore will be 1 – 3 FT.

Area High Tide Low Tide Mini-Max ———- —————- ————— ————- Messaid: 20:21 06:44 13:07 03:06 20 Wakrah: 19:44 06:06 12:36 02:30 23 Doha: 18:39 05:28 12:46 01:45 23 Al Khor: 17:51 04:54 ** : ** 00:44 20 Ruwais: 18:44 07:09 12:51 01:22 22 Dukhan: 23:52 12:27 17:46 06:10 20 Sunrise: 05:03 Sunset: 18:00 ——————

Source: Qatar News Agency

Categories
General

Eid Al-Fitr Revives Exchange Markets in Qatar /Report/

With the advent of Eid Al-Fitr, the exchange offices are witnessing a great recovery and demand from citizens and residents wishing to buy foreign currencies for the purpose of traveling for vacation outside the country or wishing to transfer money to their families to bring happiness to them and help them with Eid expenses, as exchange offices made sure to keep their doors opened for longer hours around the day, including working during Eid vacation to meet the demand of all clients.

Several owners and officials of exchange companies expected that they would achieve great gains during the Eid Al-Fitr season, pointing out that Qatar enjoys a solid and strong economy that promoted the existence of an ideal and attractive environment for job seekers, especially considering the availability of various, multiple, and safe channels to send money abroad. The exchange and transfer operation from and to the State of Qatar is rising, and demand for foreign currency is also increasing.

In his remarks to Qatar News Agency , CEO of Al Dar for Exchange Works Jumah Al Maadhdi stressed that the Eid Al-Fitr holiday has greatly revived the exchange markets, indicating that exchange companies witnessed a great turnout during the past few days from citizens and residents who buy foreign currencies for the purposes of traveling for vacation outside the country or residents who transfer money to their families to celebrate the holiday.

He added that two Gulf currencies “Saudi Ryal and the UAE Dirhams” witnessed increased demand during the period that preceded Eid Al-Fitr, as demand on them from citizens and residents wishing to travel to these two countries increased by 50 to 60%, in addition to a significant increase in the demand for the Euro and the Pound Sterling.

On the destinations of the remittances sent abroad from the State of Qatar, the CEO of Al Dar for Exchange Works indicated that India and Nepal came first and second in terms of the number of remittances sent abroad, followed by other Asian countries and Arab countries.

In his remarks to QNA, CEO of Gulf Exchange Ahmad Al Sarraf stressed that demand for foreign currencies doubled during the few days before Eid Al-Fitr, especially with the commencement of Eid holiday, as turnout usually increases in Eid Al-Fitr and Eid Al-Adha and when annual vacations season draws near because these occasions are accompanied by strong travel movement to outside the country, thus reviving the exchange sector in Qatar.

He indicated the strong demand for the US dollar days before Eid Al-Fitr, recording the most demanded currency, followed by the Euro, the Pound Sterling, along with Gulf, Arab, and Asian currencies.

He attributed that increase to the strong and active return of the international tourism sector after the COVID-19 pandemic and the gradual lift of imposed restrictions and procedures, as well as the huge increase in travel trips for Umrah during Ramadan, which increased the demand for various foreign currencies compared to the same period of the past years.

Regarding the main destination for the remittances, the CEO of Gulf Exchange indicated that several countries from South and Southeast Asia, the Middle East, and Africa formed the big portion of the total financial remittances that took place during the past few days, pointing out that the financial remittances of Asian workers represent about half of the total remittances, followed by remittances to Arab and African countries.

Source: Qatar News Agency