Day: September 4, 2023

MUNICH, GERMANY, Sept. 04, 2023 (GLOBE NEWSWIRE) — Chuhang Technology (“Chuhang,”), a pioneer in millimeter-wave sensing radars, will exhibit a full range of new technology at the IAA Mobility trade show held between Sept. 4 to Sept. 8 in Munich, Germany. The highlight of these radar innovations is a new cabin sensing suite based on its 60 GHz vital sensor developed in partnership with emotion3D.

“We are thrilled to present the distillation of our hard work in the international spotlight,” said Chu Yongyan, Chief Executive Officer of Chuhang Technology. “IAA is one of the most prestigious gatherings of the transportation industry, and our presence here represents our dedication to enhancing the capabilities of next-generation radar.

Chuhang’s attendance at IAA 2023 is the first time it has exhibited outside of China, notching a milestone in its international expansion. Founded in 2017, Chuhang has reached rapid success across its business verticals. It’s now poised to execute the next phase of its expansion strategy.

Chuhang specializes in the R&D, production and manufacturing of advanced sensing solutions, having developed a suite of active radar systems that offer superior reliability, compliance, cost-effectiveness, and ease of integration. It became China’s first millimeter-wave radar technology company to receive investment from FORVIA, the merger between HELLA and Faurecia, and has successfully graduated from accelerator programs by Tencent and Nvidia.

Reliability, safety and integration underscore Chuhang’s commitment to proactively adhere to international standards. Its core products, the 60GHz vital sign radar, 77 GHz forward radar, and the 77 GHz corner radar, have all passed EU’s CE certification, ready to meet the demands of next-generation vehicles. The Company’s millimeter-wave radar chip, digital signal processing chipset, integrated antenna array, microcontroller unit and Autosar-based software architecture have all passed the ISO 26262 ASIL-B compliance. Led by Wogong Zhang, Chief Technology Officer and Co-Founder of Chunhang, the company has made significant contributions to the development of the ISO/PWI 13389 “Road vehicles — Test Method for Detection Performance of Millimeter-wave Radar,” aiming to set an international standard for the testing millimeter-wave radar systems.

Chuhang has also made major investments across all organizational functions, especially its research and production capabilities, to increase its supply chain resilience and technological leadership. It has established research facilities in Stuttgart, Shanghai, and Anqing.

These effective strategic investments have enabled Chunhang to further accelerate its growth. The company completed its MMIC, PCB and path projection research and development in two years, and SOP ramp production in just one. And with a new IATF16949-certified production facility in Anqing capable of producing 1.8 million radar products annually, the company is poised to meet the scalability, reliability and stability volume requirements of any customer with its world-class manufacturing.

Chuhang has garnered the trust of major vehicle industry members, including Ninebot, Navinfo, APOLLO and many others. Having already supplied its products to more than 50 vehicle designs, Chuhang expects to ship nearly five million units to commercial and personal vehicles. Recently, Chuhang has jointly developed a multi-sensing solution for in-vehicle drowsiness detection, combining Chuhang’s radar solution with eMotion 3D’s CABIN EYE software.

Chuhang is also constantly expanding its vibrant partners network. It’s currently negotiating to be a supplier for a major German vehicle manufacturer, with products expected to be delivered in 2026. As it penetrates global markets, Chuang is committed to developing localized and targeted solutions to meet the specific needs of its international customers.

Finally, Chuhang is a champion of employee wellness and social responsibilities, having pooled extensive resources for employee growth and development. In addition to offering clear growth paths and comprehensive benefits, Chuhang has vast resources for talent development for employees of all levels.

About Chuhang Technology

Chuhang Technology is a startup established by a team previously based in Germany. The Company is dedicated to the development and production of 77 GHz to 79 GHz millimeter-wave (MMW) radar sensors for the Advanced Driving Assistance Systems (ADAS) and Automated Driving (AD) applications. Its products have been deployed in passenger and commercial vehicles to helps to enhance ADAS functions such as Blind Spot Detection System (BSD), Forward Collision Warning (FCW), Adaptive Cruise Control (ACC), and Automatic Emergency Braking (AEB), supporting the development of the worldwide AD system and Cooperative Vehicle Infrastructure System (CVIS) of Intelligent Connected Vehicles (ICVs). Chuhang has established headquarters in Jiangbei New Area, Nanjing, Jiangsu, PR. China, R&D centers in Stuttgart, Germany, and Shanghai, Hefei, Anhui, PR. Recently, it finished the SOP ramp-up phase at its new ATF16949-certified manufacturing facility with annual production capacity of 1,800,000 radars in Anqing, Anhui, China.

Learn more at en.Chuhang.tech.

Press contact:

Mobile Phone: Wang Bo +49 15152192552

E-mail: bo.wang@chuhang.tech

Attachment

• Chuhang Technology showcases industry-leading radar innovations at IAA 2023

Wang Bo
Chuhang Technology
+49 15152192552
bo.wang@chuhang.tech

GlobeNewswire Distribution ID 8915923

CEO Nicola Monti: “We are facing a technological and energy revolution”

MILAN, Italy, Sept. 04, 2023 (GLOBE NEWSWIRE) — The ecological transition is a priority shared by young people and Italian companies: 8 out of 10 young people and 6 out of 10 companies consider it to be the decisive factor for the transition to the society of the future. Young people also associate the priority for sustainability with an evolution of values that focuses on inclusiveness, a sense of community and the promotion of the common good. Furthermore, the priority assigned to the ecological transition by young people and businesses is linked to the fact that, for more than two-thirds of the country’s businesses, the current economic model has not contributed to sustainable development, with 6 out of 10 businesses considering the attention paid to inclusiveness, economic growth, environmental protection and the resilience of production systems insufficient. Consistently 7 out of 10 young Italians think of the future with uncertainty.

“We are facing a technological and energy revolution. We have decided to make significant investments. We will have to spend more over the next two decades. Europe is at the centre of the decarbonisation policy. We need to create the investment and technology platforms to be world leaders like the USA and China.” These were the words of Nicola Monti, CEO of Edison, commenting on the study presented at the Cernobbio Forum with The European House – Ambrosetti, aimed at promoting strategic reflection on the evolutions that will shape the Society of the Future.

The study identified 3 megatrends that will impact the development of society until 2050: global geopolitical and economic dynamics, demography and technological evolution.

The most evident trend linked to the current geopolitical context concerns the new bipolarisation taking place in the international system between the Western bloc and the Sino-Russian bloc, plus a heterogeneous group of countries that prefer ‘variable geometry’ and multidimensional partnerships depending on the strategic interests at stake from time to time. This evolution of the international system also entails a reorganisation of global value chains, starting with the industrial sectors deemed strategic and technology-intensive. The current trend, therefore, appears to be the redefinition of international trade within a fragmented globalisation divided between geographical areas of competence.

At the same time, the demographic context is witnessing a combination of two different trends. On the one hand, a strong change in the demographic weights of the different regions of the world is becoming apparent; in particular, Europe’s weight on the global population is expected to reach 7% by 2050, down 13 percentage points compared to 1960 and 2 percentage points compared to 2022. On the other hand, in mature economies, the demographic scenario also hints at an ageing population: in Italy the over-65 population is now 23.5% of the total and could rise to 34.9% of the total by 2050.

The third megatrend identified in the study concerns technological acceleration linked, first and foremost, to the increasingly pervasive process of digitalisation. In the most recent period, technological acceleration was associated with the development of generative Artificial Intelligence: ChatGPT was the fastest app to reach 100 million monthly users, taking only two months. The development of Artificial Intelligence has thus become a central issue in the international competitive scenario with all major countries striving to gain a competitive advantage from its application.

A further central issue that emerges from the study concerns the need to accelerate the pace of transition by maintaining a strong focus on the community, the territory and the public system. The urgency to act to reduce the distance between the desired future and the future realistically envisaged translates, among young people, into commitment and a sense of responsibility towards the community and the territory: 3 out of 4 young people see in the role of the public system (schools and institutions) a pillar of reference for the years to come. At the same time, companies are also facing change: almost 1 out of 2 companies is already carrying out plans to implement the ecological transition, yet a greater political commitment and institutional support for the transition is requested by 4 out of 10 Italian companies. Technology obviously plays a key role in this process of change: for more than 7 out of 10 young people, the digital world is an integral part of everyday life and a powerful tool for social interaction. However, in order to lead the change towards the ‘5.0 Society’ – which places human wellbeing at the centre through technological convergence – a strengthening of the educational system is needed (for almost 2 out of 3 young people), with a greater focus on ethics, technology and sustainability issues as well as on technical skills (mentioned by almost 1 out of 2 companies), which are necessary to fully grasp the opportunities of the technological transition.

“The need to pursue sustainability and inclusiveness objectives makes energy a key factor in achieving an equitable and environmentally friendly future: suffice it to say that among the Sustainable Development Goals set out by the United Nations, 6 out of 17 (and 28 targets) are directly impacted by energy,” stressed Nicola Monti. “This crucial role”, he added, “will only intensify thanks to the frontiers opened up by research, innovation and investment: in fact, energy is already the leading economic sector at European and Italian level in terms of investment intensity (39% of the sector’s added value in both cases, for a total value of €90 billion in the European Union)”.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

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The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

GlobeNewswire Distribution ID 8915741

VANCOUVER, British Columbia, Sept. 04, 2023 (GLOBE NEWSWIRE) — Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) announces the resumption of exploration activities at its Jarnet Lithium project in Quebec, following the lifting of closures imposed due to wildfires in the region. The company’s exploration team is preparing to return to the field in the coming days and is assembling the necessary equipment to commence the upcoming work program.

Despite the challenges posed by the wildfire closures, Arbor remains committed to advancing its 2023 exploration program. The company’s dedicated team has developed a revised plan that ensures the successful execution of the program while accommodating the delays caused by the wildfires. The strategic adjustments underscore the company’s determination to meet its exploration objectives.

Mark Ferguson, President and CEO of Arbor expressed his gratitude to the exploration team for their dedication and resilience in devising a comprehensive plan that overcomes the setbacks caused by the wildfire closures. He also extended his heartfelt appreciation to the fire and safety crews who worked tirelessly on the front lines to contain the wildfires and protect communities.

“We are immensely thankful to our exploration team for their unwavering commitment and creative problem-solving,” said Ferguson. “Their dedication has enabled us to adapt and ensure the successful completion of our 2023 exploration program. We also extend our gratitude to the courageous fire and safety crews who have been working tirelessly to safeguard the region.”

Arbor is excited to resume exploration activities and further advance its Jarnet Lithium project. The company’s exploration efforts will be focused on studying high-value targets within the project area, building on the momentum generated by the recently announced CV5 lithium pegmatite resource.

“We are eager to get back to work and continue advancing our Jarnet Lithium project,” added Ferguson. “Our team’s resilience and determination, coupled with the support of the fire and safety crews, have positioned us to achieve our exploration goals for 2023.”

Arbor remains committed to providing regular progress updates as the exploration program unfolds.

About Arbor Metals Corp.

Arbor Metals Corp. is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The Company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.

The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims, covering an area of approximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization representing one of the highest-profile lithium exploration projects in the sector.

For further information, contact Mark Ferguson, Chief Executive Officer, at info@arbormetals.com, or 403.852.4869, or visit the Company’s website at www.arbormetalscorp.com.

On behalf of the Board,

Arbor Metals Corp.

Mark Ferguson, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Jarnet Lithium Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

MRKT360 INC
https://mrkt360.com
Alex Zertuche
alexz@mrkt360.com
For E.S.T Office Hours, Call 1 416-477-0587

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ac9c34f-6084-4782-a8ec-1c2f30b35a1a

GlobeNewswire Distribution ID 8914694

VANCOUVER, British Columbia, Sept. 04, 2023 (GLOBE NEWSWIRE) — Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) announces the resumption of exploration activities at its Jarnet Lithium project in Quebec, following the lifting of closures imposed due to wildfires in the region. The company’s exploration team is preparing to return to the field in the coming days and is assembling the necessary equipment to commence the upcoming work program.

Despite the challenges posed by the wildfire closures, Arbor remains committed to advancing its 2023 exploration program. The company’s dedicated team has developed a revised plan that ensures the successful execution of the program while accommodating the delays caused by the wildfires. The strategic adjustments underscore the company’s determination to meet its exploration objectives.

Mark Ferguson, President and CEO of Arbor expressed his gratitude to the exploration team for their dedication and resilience in devising a comprehensive plan that overcomes the setbacks caused by the wildfire closures. He also extended his heartfelt appreciation to the fire and safety crews who worked tirelessly on the front lines to contain the wildfires and protect communities.

“We are immensely thankful to our exploration team for their unwavering commitment and creative problem-solving,” said Ferguson. “Their dedication has enabled us to adapt and ensure the successful completion of our 2023 exploration program. We also extend our gratitude to the courageous fire and safety crews who have been working tirelessly to safeguard the region.”

Arbor is excited to resume exploration activities and further advance its Jarnet Lithium project. The company’s exploration efforts will be focused on studying high-value targets within the project area, building on the momentum generated by the recently announced CV5 lithium pegmatite resource.

“We are eager to get back to work and continue advancing our Jarnet Lithium project,” added Ferguson. “Our team’s resilience and determination, coupled with the support of the fire and safety crews, have positioned us to achieve our exploration goals for 2023.”

Arbor remains committed to providing regular progress updates as the exploration program unfolds.

About Arbor Metals Corp.

Arbor Metals Corp. is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The Company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes.

The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims, covering an area of approximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization representing one of the highest-profile lithium exploration projects in the sector.

For further information, contact Mark Ferguson, Chief Executive Officer, at info@arbormetals.com, or 403.852.4869, or visit the Company’s website at www.arbormetalscorp.com.

On behalf of the Board,

Arbor Metals Corp.

Mark Ferguson, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the development of the Jarnet Lithium Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

MRKT360 INC
https://mrkt360.com
Alex Zertuche
alexz@mrkt360.com
For E.S.T Office Hours, Call 1 416-477-0587

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ac9c34f-6084-4782-a8ec-1c2f30b35a1a

GlobeNewswire Distribution ID 8914694