ATLANTA, Aug. 15, 2024 (GLOBE NEWSWIRE) — Matmerize, Inc., a leader in AI-driven polymer design, is excited to announce the upcoming integration of an advanced language model capability, ASKPOLY, into its flagship polymer property prediction and generative design software, PolymRize.
Revolutionizing Polymer Science with Advanced Language Models
ASKPOLY leverages the latest advancements in large language models (LLMs), pre-training, fine-tuning and the vast body of knowledge embedded in polymer corpora. ASKPOLY can be queried using natural language to predict properties, generate new polymer chemistries, and optimize composite or formulation compositions. It is designed to complement and enhance the predictive capabilities of PolymRize.
Pre-trained on Matmerize knowledgebase and an extensive polymer corpus, ASKPOLY makes accurate property predictions for neat polymers and composites. Users can fine-tune ASKPOLY with proprietary data and text to achieve highly accurate, customized predictions and designs. All user data is kept confidential, secure, and never shared.
Enhancing User Experience and Predictive Accuracy
The introduction of ASKPOLY into PolymRize offers an intuitive user experience while significantly boosting the platform’s predictive accuracy, flexibility and generalizability, progressively and continuously. ASKPOLY enables users to interact with the system using natural language queries, making it easier to use past knowledge without loss.
The integration of ASKPOLY into PolymRize provides R&D chemists and scientists with advanced AI tools through an intuitive interface, streamlining the polymer design and development process for a range of industrial applications.
“Matmerize is dedicated to pushing the boundaries of polymer design by pioneering and advancing AI for materials,” said Rampi Ramprasad, CEO of Matmerize, Inc. “The integration of ASKPOLY into PolymRize not only enhances the platform’s capabilities but also reinforces our commitment to providing clients with the latest tools to transform polymer research and development.”
About Matmerize, Inc.
Founded in 2021, Matmerize, Inc. is at the forefront of AI and machine learning in the materials science industry. With a mission to revolutionize the way materials are designed and developed, Matmerize offers innovative solutions that enable companies to optimize their R&D processes. The PolymRize platform is a testament to Matmerize’s commitment to excellence, combining state-of-the-art technology with deep polymer industry expertise.
Montana Technologies and TenX signed a Memorandum of Understanding to explore options for deploying AirJoule® units to enhance energy efficiency and water security in the United Arab Emirates.
Clockwise from top right: Ramdas Rao, President, International at Montana Technologies; Pat Eilers, Executive Chairman of Montana Technologies; Husain Al Awadhi, Managing Director at TenX; and Abdulrahman Al-Suwaidi, Managing Director at TenX.
RONAN, Mont., Aug. 15, 2024 (GLOBE NEWSWIRE) — Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with TenX Investment in Energy Enterprises & Management Co. LLC (“TenX”) to address water security and energy efficiency opportunities in the United Arab Emirates (“UAE”).
The collaboration between Montana Technologies and TenX aims to leverage AirJoule®’s cutting-edge technology to generate pure distilled water from air and reduce energy consumption for air conditioning, significantly enhancing water security and energy sustainability in the UAE. The Company and TenX will explore options to deploy AirJoule® units with initial installations focusing on critical infrastructure and community water needs.
“We are excited to work with TenX for this international deployment of AirJoule® units,” said Ramdas Rao, President, International of Montana Technologies. “The UAE has been at the forefront of adopting transformative technologies that enable sustainable development and responsible decarbonization. Along with our strategic investors including Transition Equity Partners (“TEP”), GE Vernova, and Carrier Corporation, among others, we look forward to optimizing our initial international rollout and operations in the UAE and working to enable water security and energy efficient comfort cooling in high growth markets around the world.”
Pat Eilers, Executive Chairman of Montana Technologies and founder of TEP, said, “TenX’s expertise and mission alignment in water security and sustainability projects makes them an ideal partner for deploying AirJoule in the UAE with a pathway towards further collaboration on local manufacturing and distribution in the future.”
Montana Technologies, through its 50/50 joint venture with GE Vernova, is commercializing AirJoule® atmospheric water generators that harvest water from both humid and arid atmospheres, producing pure distilled water and dehumidified air. AirJoule® units utilize metal organic framework coated contactors to extract water from air in a highly efficient and scalable process.
Matt Jore, CEO of Montana Technologies, said, “Since demonstrating the AirJoule® unit at COP 28 in Dubai in late 2023, there has been strong interest in the technology from customers across the world. AirJoule®’s ground-breaking advances in water harvesting and dehumidification will help to improve potable water access and security to millions of people in the region and beyond.”
TenX Investment, with its mission to bring the best international energy solutions to the UAE and MENA region, is currently focused on projects that enhance water security, energy efficiency, and sustainability. This MOU aligns with TenX’s strategy of investing in innovative technologies that provide substantial environmental and economic benefits. By integrating AirJoule® into their portfolio, TenX aims to offer sustainable water and energy solutions that reinforce their commitment to driving efficiency and sustainability.
Abdulrahman Al-Suwaidi, Managing Director at TenX Investment, commented: “We are proud to partner with Montana Technologies and look forward to investing in and deploying their innovative AirJoule® technology both in the UAE and internationally. This collaboration aligns perfectly with the UAE government’s initiative to drive the private sector towards green and sustainable solutions, ensuring water security for future generations. Our joint efforts will significantly contribute to transforming the region’s approach to water management and energy efficiency.”
Husain Al Awadhi, Managing Director at TenX Investment, added: “The UAE government has allocated over AED 20 billion1 towards water security and sustainable energy projects as part of its Vision 2030 strategy. By integrating Montana Technologies’ AirJoule® systems, we aim to enhance the region’s water generation capabilities and reduce energy consumption. This collaboration will not only help meet the growing demand for water and energy but also support the UAE’s ambitious targets for sustainability and environmental stewardship. Together, we are committed to delivering impactful solutions that address the critical challenges of water scarcity and energy efficiency.”
1 USD = 3.67 AED
About Montana Technologies Corporation
Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit www.mt.energy.
About TenX
TenX Investment in Energy Enterprises & Management Co. LLC specializes in investing and bringing the best international energy solutions to the UAE and the broader MENA region. As a Dubai-based SME investment company, we leverage our extensive connections and strategic partnerships to provide unparalleled access to innovative energy technologies and services, ensuring our clients stay ahead in a rapidly evolving industry. Additionally, we invest in cutting-edge technologies to further support sustainable energy advancements, reinforcing our commitment to driving efficiency and sustainability in the energy sector. For more information, visit www.10xinvestment.ae.
Contacts
Montana Technologies
Tom Divine – Vice President, Investor Relations and Finance investors@mt.energy
A vibrant scene from the gold trading area in Shenzhen Shuibei, showcasing the city’s prominence in the gold and jewelry industry.
HONG KONG, Aug. 15, 2024 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) is emerging as a key player in gold trading industry. As reported by Reuters, since August 1st, 2024, gold prices have exhibited a mix of volatility and upward trends, influenced by various economic and geopolitical factors. Gold hit a notable high above $2,483 per ounce in July, supported by favorable market sentiment and political risks, indicating strong safe-haven demand while short-term corrections might occur due to various economic data releases and market dynamics, the medium to long-term outlook for gold remains bullish, driven by continued safe-haven demand and broader economic uncertainties.
Gold is known for its enduring value and role as a hedge against inflation and financial instability, offering potential returns even in unpredictable market conditions. In today’s volatile global economy, gold remains a stable investment option, prized for its scarcity and universal appeal.
Originally an entertainment company, Blue Hat is now focusing on innovations in the commodity trading arena. The company is planning to integrate artificial intelligence to enhance its offerings, including an intelligent gold supply chain and recycling system, as well as a sophisticated gold derivatives trading platform. Unlike traditional gold companies, Blue Hat is not merely a gold trader earning from the buy-sell spread; rather, it will generate revenue from various aspects of the gold supply chain. Additionally, Blue Hat’s gold sources are not limited to newly mined gold but also include gold that recycle from market consumers.
In this environment, Blue Hat Interactive Entertainment Technology is emerging as a key player in gold trading due to their recent business cooperation agreement with Sichuan Jinyinghe Industrial Co., Ltd. in Shenzhen, GTC Group LLC in Dubai and its subsidiary, Golden Alpha Strategy Ltd., has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department.
In recent years, with changes in international political and economic situations, central banks of various countries have significantly increased their gold reserves, leading to a rapid rise in gold prices. The Company’s management believes that the gold industry has transitioned from a period of rapid growth to a period of high-quality development, presenting strategic development opportunities. However, the gold industry in China and other developing markets still faces numerous challenges, such as low levels of scale and concentration, narrow traditional financing channels, poor operational standards, and a lack of credit data. These issues hinder the healthy development of the gold industry. To effectively address these pain points, Blue Hat and Jinyinghe have decided to cooperate in the gold supply chain business.
According to incomplete statistics from industry insiders, Shuibei is known as the ‘World’s Gem City, which has nearly 7,000 legal entities in the gold and jewelry industry, employs over 70,000 people, and generates revenue exceeding 1 trillion yuan, accounting for over 50% of the domestic gold and jewelry wholesale market.
The Shenzhen Shuibei market is highly relevant in the gold trade for several reasons:
Central Hub for Gold Trading: Shuibei is known as one of China’s largest gold trading centers. It serves as a primary hub for the purchase and sale of gold, attracting traders and buyers from across the country and internationally.
Manufacturing and Processing: The market is a significant center for gold processing and manufacturing. Many companies involved in the creation of gold jewelry and other products operate within this area, making it a vital link in the gold supply chain.
Innovation and Design: Shenzhen Shuibei is known for its innovation in jewelry design. It hosts numerous designers and craftsmen who contribute to the creation of new and unique gold jewelry pieces, which helps to set trends in the industry.
Economic Impact: The market plays a crucial role in the local and national economy, generating substantial revenue and employment. Its activities significantly contribute to China’s position as a leading player in the global gold market.
Integration with Technology: The market has increasingly integrated technology in its operations, using digital platforms for trading and showcasing products, which enhances its efficiency and reach.
Besides, Blue Hat’s digital trading solutions are designed to provide flexibility, allowing traders to capitalize on gold price movements without the need for physical storage and insurance. These platforms enable traders to navigate the gold market efficiently, benefiting from high liquidity and continuous market activity. This liquidity allows traders to enter and exit positions swiftly, contributing to the fluidity of the gold market.
Looking ahead, Blue Hat aims to expand its global reach and strengthen its position in the gold market. The company plans to increase its gold holdings, enhance supply chain operations, and refine its digital trading platform. These initiatives are part of Blue Hat’s strategy to establish itself as a leading “Smart Gold Trading Platform,” targeting markets in Europe, North America, and beyond.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release, including, without limitation, statements regarding the Company’s ability to regain compliance with Nasdaq listing standards, are forward-looking statements. The words “believes,” “anticipates,” “estimates,” “plans,” “expects,” “intends,” “may,” “could,” “should,” “potential,” “likely,” “projects,” “continue,” “will,” “schedule,” and “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are predictions based on our current expectations and projections about future events and various assumptions. We cannot guarantee that we will achieve the plans, intentions, or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may be beyond our control, and which may cause our actual results, performance, or achievements to differ materially from future results, performance, or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause our actual results to differ materially from those indicated or implied by its forward-looking statements including, without limitation, whether our cash resources will be sufficient to fund continuing operations and allow us to comply with regulatory and stock exchange listing requirements. All forward-looking statements included in this press release are made as of the date hereof and are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in the Company’s Annual Report on Form 10-K, and otherwise in the Company’s subsequent filings and reports filed with Securities and Exchange Commission. The Company does not assume any obligation to update any forward-looking statements and it disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by law.
Gaza – Ma’an – Israeli aircraft continued their bombardment of various areas in the Gaza Strip on the 314th day of the war, leaving a large number of martyrs and wounded.
The Israeli occupation committed two massacres against families in the Gaza Strip during the past 24 hours, killing 36 martyrs and injuring 54.
The death toll from the Israeli aggression has risen to 39,965 martyrs and 92,294 injuries since October 7.
The government media office announced that the occupation army has continued to close the Rafah crossing for more than a hundred days.
He pointed out that more than a thousand patients and wounded were martyred as a result of being prevented from traveling abroad to receive treatment.
South Gaza Strip
The occupation forces continue the ground operation in eastern Khan Yunis for the eighth consecutive day, while the aerial bombardment continues in various parts of the city.
Thirteen people were killed and about forty were injured in the bombing of three houses in the Maan area, south of K
han Yunis.
Residents reported that there were other missing people under the rubble of houses.
Five citizens were killed in a bombing on the Batn Al-Sameen area, south of the city.
Paramedics recovered 3 martyrs from Rafah, south of the Gaza Strip.
The Israeli occupation army blew up a new residential block in the Tel al-Sultan neighborhood, west of Rafah city, in the southern Gaza Strip.
Gaza and the North
Martyrs and wounded were killed in an Israeli bombardment that targeted the Khaziq family home in the Sabra neighborhood, south of Gaza City.
Six citizens were killed in a bombing on the Al-Zeitoun neighborhood, southeast of the city.
An employee of the Gaza Municipality was also killed in a bombing on the municipality’s perimeter in the city center.
Middle of the sector
Airstrikes on the central camps of Bureij, Nuseirat and Maghazi resulted in the deaths of 19 citizens during the past twenty-four hours.
The artillery targeted the northern part of Al-Nuseirat camp, Al-Maghraqa town, and Al-Asra
city.
Senior officials from the United States, Qatar, Egypt and Israel are meeting in Doha tonight in an attempt to reach a breakthrough in the negotiations on the hostage deal and the ceasefire in Gaza.
White House spokesman John Kirby said: “The talks have begun in Doha.. The resumption of the talks today is an important step…We are focusing today on the details of implementing the agreement..We do not expect to reach an agreement today..The talks will continue tomorrow (Friday)…We can overcome the gaps and we must bring the negotiations to an end as soon as possible,”according to “Sky News Arabia”.
MOSCOW: Russia’s Federal Security Service (FSB) announced today that it has foiled a terrorist attack on an Interior Ministry facility in the Tyumen region of Western Siberia.
Two persons were apprehended while plotting to detonate an explosive device at the facility in Tobolsk.
Two improvised incendiary devices and a self-made explosive were seized during the raid. The authorities have initiated a follow-up investigation, the FSB said.
The “Islamic Resistance” issued a communique this afternoon, indicating that in support of our steadfast Palestinian people in the Gaza, the Resistance fighters targeted at 6:00 pm today the Israeli enemy’s artillery positions in Al-Za’oura with a salvo of Katyusha rockets.
FUJAIRAH: Under the patronage of H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, the Fujairah Environment Authority launched a book titled ‘Whales and Dolphins of Fujairah and the Arabian Region’. The book aims to combine an understanding of whales and dolphins gained from ever-progressing research worldwide with peculiar attributes of the marine mammal fauna in Fujairah.
Moreover, the book also examines whales and dolphins in the context of human lives, not just in relation to fishermen and seafarers who encounter them, but also in terms of the broader issues of fisheries, whaling, shipping and tourism in one of the world’s most rapidly developing regions.
The third in the series of books on the Natural History of Fujairah initiated by the Fujairah Environment Authority, ‘Whales and Dolphins of Fujairah and the Arabian Region’, authored by Robert Baldwin, CEO, 5 Oceans, and Balazs Buzas, a wildlife consultant, represents the culmination of nearly five years of scientific re
search, including active field study at sea under the Fujairah Whale and Dolphin Research Project. This book, rich with photographs, illustrations by Uko Gorter and Samuel Baldwin and distribution maps by Edith Shum, features the surprising diversity of whales and dolphins living primarily in the offshore waters of this little-studied corner of the Arabian region. Moreover, this book is another milestone in the environmental research projects and marine conservation initiatives spearheaded by H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi as part of the Emirate’s ambitious vision.
In a joint statement, Baldwin and Buzas said that the concept for the detailed study of whales and dolphins of Fujairah originated after a sperm whale stranded on the Emirate’s shores in 2012. They said, “This was among several records of cetaceans reported during the first IUCN Red List assessment for marine mammals in the UAE in 2016. This incident highlighted that Fujairah has among the highest diversity of marine mammals
in the UAE, not least due to the presence of a variety of continental slope and open ocean habitats, which are absent from most other emirates.”
Furthermore, they said that it is easy to think that, in the absence of research, Fujairah may not be rich in marine wildlife and with its waters so busy with heavy vessel traffic and human activity. However, they said, the recent years of dedicated study have revealed the opposite: Fujairah hosts an abundant and diverse variety of dolphins, sea turtles, sea snakes, and seabirds, as well as a wide variety of fish and other marine species. Additionally, large whales occasionally pass through Fujairah’s waters.
For her part, Aseela Abdullah Al Mualla, Acting Director of the Fujairah Environment Authority, said, ‘Marine life is a critical part of the Emirate of Fujairah’s natural environment. The emirate is home to diverse marine habitats that are critical for its rich marine biodiversity. Various species dwell in these habitats, most notably dolphins, whose presence
indicates the cleanliness and health of the marine environment. And this is why we have a particular interest in dolphins, given that they are a rare species that enrich our marine biodiversity, enhance marine ecotourism, and provide an additional source of income for the emirate.’
Al Mualla explained that the book highlights the significance of understanding and protecting the marine environment and raising public awareness about its conservation.
Meanwhile, Dr. Fouad Lamghari, Director of Fujairah Research Centre, said, ‘This collaboration is fundamental for achieving sustainable progress in preserving marine biodiversity,’ he explained, noting that the book ‘Whales and Dolphins of Fujairah and the Arabian Region’ is a great example of these joint efforts. ‘By uniting efforts and expertise, we have been able to gain a deeper understanding of the challenges and opportunities facing cetaceans in our region, enhancing the emirate’s ability to protect this unique natural heritage.’
Whales and Dolphins of Fuj
airah and the Arabian Region features eight chapters, beginning with an introduction to the oceanography, biogeography and cetacean habitats of Fujairah. The second chapter explores the diversity of cetaceans found in Fujairah and the subsequent chapter explains how the disciplines of taxonomy and systematics can help reveal the relationships between whales and dolphins, while providing insight into their origins in relation to other mammals. Additionally, the third chapter highlights the Arabian Sea as a central region in the story of the evolution of whales and dolphins.
While the fourth chapter spotlights the 22 species of whales and dolphins that have been formally recorded in the Arabian region, including the 12 known from Fujairah, the fifth chapter explores the cetacean body, form, and behaviour. Furthermore, the sixth chapter provides an overview of the research conducted on cetaceans in Fujairah, and the seventh chapter offers detailed accounts of the species known in the Arabian region, with a spec
ial focus on those occurring in Fujairah. The final three chapters delve into various aspects of cetacean conservation, including the threats they face, and the challenges humans must address to protect them for future generations.
Speaking on the research initiatives behind the book, Baldwin and Buzas said the research included specific study on whales and dolphins in deep offshore waters, a realm that had previously not been subject to dedicated research anywhere in the Arabian region. They said, ‘The excitement of discovery motivated study team members to explore Fujairah’s depths, and they were rewarded with records of 12 different species of whales and dolphins, representing almost 15 percent of cetacean species globally and over half of those known to occur in the Arabian region as a whole. This is a remarkable record for an emirate with a relatively short stretch of coastline and is noteworthy for marine mammal conservation.’
Elaborating, Baldwin, a member of the IUCN Cetacean Specialist Group, the C
MS Aquatic Mammals Working Group, the IWC Scientific Committee, and the joint IUCN/WCPA Marine Mammal Protected Areas Task Force, said that the Fujairah Whale and Dolphin Research Project, launched in February 2017 under the patronage of Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi played a pivotal role in this initiative. He said, ‘Several years of detailed study followed, including vessel and aerial surveys, using techniques such as systematic distance surveys, photo-identification studies, acoustic research, and biopsy sampling for genetic analyses. At the end of the study period, which provided the information used to write this book, the Fujairah Research Centre (FRC), supported by the Environment Authority, was inaugurated and is now responsible for continuing the research.’
The partners involved in the Fujairah Whale and Dolphin Research Project included Fujairah Research Centre, 5 Oceans, the Port of Fujairah, and Aero Gulf Services, as well as networks and organisations involved in the study and
conservation of whales and dolphins, such as the Arabian Sea Whale Network (ASWN), the UAE Dolphin Project Initiative, and the Fujairah Environment Authority.
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