Latest news with #Swiss-based
USA Today
13 hours ago
- Business
- USA Today
Corsair Signs Strategic Partnership with Kera Energy for Global Distribution of Pyrolysis Oil
New partnership expands global access to Corsair's recycled plastic oil across Europe, Asia, and the Americas. Plastic waste recycling company Corsair Group International Holding BV (CORSAIR) is proud to announce a new strategic partnership with KERA Energy AG, a Swiss-based leader in sustainable industrial value chains. Under the agreement, CORSAIR will supply advanced pyrolysis oil to KERA Energy , which will distribute the Plastic Pyrolysis Oil (PPO) across key markets in Europe, Asia, and the Americas. This collaboration marks another important step in CORSAIR's mission to scale up sustainable advanced recycling of plastic waste . The agreement with KERA Energy signals growing international demand for CORSAIR's high-quality pyrolysis oil derived from everyday household plastic waste. 'We are very pleased to partner with KERA Energy, a company that shares our vision of a cleaner, circular economy,' said Jussi Veikko Saloranta, CEO of CORSAIR. 'KERA's extensive expertise and market access will allow us to accelerate our environmental impact and expand our reach globally.' Founded in 1999 and headquartered in Zug, Switzerland, KERA Energy AG specializes in the optimization of supply chains and the commercialization of sustainable raw materials such as plastic pyrolysis oil (PPO) and tire pyrolysis oil (TPO). With a processing capacity of up to 300,000 tons per year and compliance with ISCC+ and REACH regulations, KERA is at the forefront of enabling circular and bio-based feedstock solutions for the chemical and refining industries. 'We are proud to partner with CORSAIR as we jointly work to eliminate plastic waste from our environment,' said Shane Perl, CEO of KERA Energy. By utilizing CORSAIR's pyrolysis oil, produced from mixed plastic household waste at facilities in Thailand, Finland and its future facilities, KERA will support the production of new, sustainable plastics and chemicals, reducing dependency on fossil-based virgin feedstocks, diverting plastic waste destined for landfill or incineration and contributing to a closed-loop system for plastic materials. 'We work with pyrolysis companies from concept to technical development and on to commercially optimizing their circular and bio-based oil products.' Simon Housecraft, Head of Sustainable Materials at KERA, states: 'We are committed to building a bridge between environmental goals and industrial performance, and this partnership with CORSAIR embodies that commitment. We believe CORSAIR will remain one of the global leaders within this market sector with ambitious but, realistic expansion plans. As a partnership, we believe we can successfully deliver circularity to our market sector' With this new alliance, CORSAIR strengthens its role as the fastest growing company in advanced plastic recycling and takes another key step toward a world where waste is transformed into valuable resources for the future . For more information, please visit Contact Info mail: info@ phone: +66 957 613 702 SOURCE: Corsair group View the original press release on ACCESS Newswire
The Sun
a day ago
- Business
- The Sun
Hong Kong rises to World's No.3 most competitive economy
HONG KONG SAR - Media OutReach Newswire - 19 June 2025 - Hong Kong has moved up two places to rank as the world's third most competitive economy, marking the second successive year that the city has jumped two places in the global rankings to reach its highest position since 2019. The World Competitiveness Yearbook 2025 (WCY 2025), published (June 17) by the Swiss-based International Institute for Management Development (IMD), assessed 69 economies around the world. Hong Kong made gains in all the factors of competitiveness: 'Government efficiency' (second), 'Business efficiency' (second) 'Economic performance' (sixth), and 'Infrastructure' (seventh). The IMD remarked that the gains across all four factors of competitiveness reflect a broad-based approach of Hong Kong to attracting private sector investment. 'The World Competitiveness Yearbook shows that Hong Kong's scores in overall terms and in many areas have improved, indicating that the Hong Kong Special Administrative Region (HKSAR) Government's policy directions are on the right course and that various policies have yielded results,' said the HKSAR's Chief Executive John Lee. Hong Kong has ranked among the top 10 in the world for over 20 consecutive years, since the WCY 2003. Mr Lee said the ranking also 'affirms Hong Kong's world-class business environment, reflecting business leaders' positive views on its competitiveness and strengths, including the rule of law, independent exercise of judicial power, a simple tax regime with low tax rates, an efficient and transparent market, a robust financial system, and a facilitating environment aligned with international best practices, as well as free flow of capital, information, goods and talent, which are affirmed by the business community.' Despite the current uncertain global economic landscape and geopolitical turmoil, Hong Kong recorded solid year-on-year GDP growth of 3.1% in the first quarter of 2025, with full year GDP growth expected to be 2% to 3%. Totally, 145,053 local companies were newly registered under the Companies Ordinance last year, bringing the overall number of local companies registered to a record high of 1,460,494, at end-2024. Meanwhile, 1,079 newly established non-Hong Kong companies were registered, bringing that overall total to an all-time high of 15,126. 'Under the unique advantages of 'one country, two systems', Hong Kong enjoys both the China advantage and the global advantage. We will continue to leverage Hong Kong's role as a 'super-connector' and 'super value-adder', strengthen international exchanges and co-operation, expand and deepen regional trade, explore new markets, with a view to building a vibrant economy, striving for development and improving people's livelihoods on all fronts,' Mr Lee said. To attract more non-Hong Kong incorporated companies to re-domicile to Hong Kong, the Government launched a new company re-domiciliation regime legislation last month, providing a simple and accessible mechanism for re-domiciliation to Hong Kong. Already, two insurance companies, AXA Hong Kong and Macau (AXA China Region Insurance Company (Bermuda) Limited) and Manulife (International) Limited have announced plans to re-domicile to Hong Kong under the new regime, subject to regulatory approvals. Hong Kong is actively driving reforms to strengthen and enhance its position as an international financial, trade, and shipping centre, trawling for businesses and talents. The Office for Attracting Strategic Enterprises has attracted over 80 strategic enterprises to establish offices in Hong Kong, bringing about HK$50 billion total investments in the years to come, and creating over 20,000 jobs. Among the sub-factors in the WCY 2025, Hong Kong came top for 'Tax policy' and 'Business legislation' and second for 'Education', 'International investment' and 'Finance'. Ranked as a top three global financial centre, Hong Kong's stock exchange is a key barometer of financial market performance. By May 30, 2025, stock market capitalisation had increased by 24% year-on-year to over US$5.2 trillion. Notably, the Hong Kong Stock Exchange has seen a surge in initial public offerings (IPOs), with total IPO funds raised reaching nearly HK$79 billion (US$10.12 billion) so far this year, making it the leader among major global exchanges.
Yahoo
3 days ago
- Business
- Yahoo
The Ministry for Digital Transformation and Public Administration of the Government of Spain has announced an investment of €19.6M in Quantix to Establish a Cybersecurity and Microelectronics Center in the Region of Murcia
The Ministry for Digital Transformation and Public Administration of the Government of Spain has announced an investment of €19.6M in Quantix to Establish a Cybersecurity and Microelectronics Center in the Region of Murcia The Ministry for Digital Transformation and Public Administration announced its participation in Quantix Edge Security through the Spanish Society for Technological Transformation (SETT), alongside Murcia-based companies OdinS and TProtege, Swiss-based company WISeKey, and France-based company SEALSQ Geneva, Switzerland, June 17, 2025 – WISeKey International Holding Ltd ('WISeKey') (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that the Government of Spain has announced its investment of €19.6M in Quantix to Establish a Cybersecurity and Microelectronics Center in the Region of Murcia. WISeKey expects to issue a press-release detailing the project shortly. A free translation of the Spanish language announcement by the Spanish Ministry for Digital Transformation and Public Administration is set forth below. 'The Council of Ministers announced today, the launch of Quantix, an ambitious public-private joint venture with a total investment of €40M. The venture includes OdinS, a spin-off from the University of Murcia, Murcia-based TProtege, and Switzerland-based WISeKey and France-based SEALSQ, both listed on NASDAQ. Quantix will develop a Semiconductor Design and Personalization Center in the Region of Murcia with advanced capabilities in cybersecurity, post-quantum technology, AI, and RISC-V systems. The investment, driven by the Ministry for Digital Transformation and Public Administration, exceeds €19.6 million and will be managed through SETT (Spanish Society for Technological Transformation), a recently established public entity created by the Government of Spain to invest in and support strategic and emerging projects that advance Spain's technological transformation. This project, which began gaining public traction in February 2024, has now culminated with the approval of the Spanish Government's financial backing. Quantix represents a strategic international public-private alliance aligned with the European Union's digital transformation and technological sovereignty plans, addressing the critical challenge of cybersecurity in an ultra-connected world. Quantix projects the creation of 40 jobs in the first two years, 70 in the third year, and 152 by the fifth year, with a goal of reaching 250 employees by the eighth year. The initiative aims to foster high-quality employment, research, and technology in the Region of Murcia, with a plan to attract both regional and international talent. The establishment of Quantix Edge Security will centralize part of the value chain in a single location in the Region of Murcia, reducing reliance on non-European suppliers for microchip design and manufacturing. Due to cybersecurity regulations being standardized by national agencies, Quantix's target market focuses on post-quantum-resistant products, which, by 2030, will be essential for governmental applications such as passports and defense, as well as sensitive private-sector applications. This project has been supported from its inception by María González Veracruz in her various roles, both at the Secretary of State for Telecommunications and Digital Infrastructures and currently at the Secretary of State for Digitalization and Artificial Intelligence. She has repeatedly emphasized the importance of aligning this project with the financial instruments of the Strategic Project for Economic Recovery and Transformation in Microelectronics and Semiconductors (PERTE Chip), promoted by the Government of Spain. José Trigueros, founder and CEO of OdinS and TProtege, celebrates the launch of Quantix, an ambitious project that aims to position the Region of Murcia as a benchmark for innovation, microelectronics, and technological sovereignty, establishing the region as a new international hub for the development of secure microchips. This will lead the transition toward a resilient digital ecosystem that minimizes external dependencies in a shifting geopolitical landscape. Carlos Moreira, Founder and CEO of WISeKey and SEALSQ, stated: 'I extend my heartfelt congratulations to the Government of Spain and the Region of Murcia for this ambitious and strategic initiative, which not only strengthens national cybersecurity capabilities but also positions the region as a European leader in the development of key technologies such as post-quantum semiconductors.' Both leaders agree that the challenge ahead is immense, but so is the positive impact they aim to achieve. 'We will create jobs, attract talent, develop cutting-edge technology, and place Murcia and Spain on the European map for semiconductors and cybersecurity,' they affirmed. Collaborations with research centers, technology hubs, and regional universities, particularly the University of Murcia (UMU), which has extensive experience in cybersecurity and has participated in numerous security projects over the past two decades, strengthen the scientific capacity of the proposed ecosystem. SEALSQ and WISeKey bring robust international expertise in cybersecurity and post-quantum semiconductor projects, developing advanced solutions for strategic sectors such as defense, healthcare, IoT, and aerospace. SEALSQ designs quantum-resistant microcontrollers and ASICs, integrating NIST-standard post-quantum algorithms such as Kyber, Dilithium, and Falcon, and collaborates with excellence centers like Mines Saint-Étienne in France. It is one of the few companies worldwide producing semiconductors specifically designed to withstand quantum threats, with its technologies embedded in over 1.75 billion devices globally. WISeKey complements this capability with its global digital identity and PKI (Public Key Infrastructure) infrastructure, including post-quantum trust roots, secure electronic voting systems, IoT devices, and certified blockchain platforms. Together, both companies have created a comprehensive and sovereign digital security ecosystem capable of protecting critical infrastructure against emerging quantum threats, offering end-to-end solutions from chip to cloud, including authentication, encryption, identity, and data protection. It is worth noting that OdinS, alongside WISeKey International Holding and SEALSQ, is involved in various international initiatives, such as European (ETSI EN 303 645) and U.S. (NIST IR 8425) regulations, which mandate digital identity for connected devices, as well as IoT lifecycle security management systems and certification processes for system security. The latest projects by OdinS in RISC-V, SEALSQ in post-quantum chips, and WISeKey in secure elements and trust roots will enhance technological and commercial synergies, combining two decades of expertise in IoT and Solutions (OdinS), founded in June 2014, is accredited as an innovative ICT company (EIBT) by MINECO and ANCES. OdinS specializes in IPv6 Internet of Things, Big Data, and Security. Its team has extensive experience and strong research, innovation, and technological development capabilities in integrated IoT systems and Big Data platforms for water/energy efficiency, security, and remote infrastructure management. OdinS holds several patents in monitoring and telecontrol systems. The company offers open, flexible, and interoperable products capable of connecting infrastructures and mobile platforms for Smart Cities, infrastructure, defense, and Smart Agriculture. Since its inception, OdinS has focused on IoT system security certification solutions and, more recently, on developing RISC-V-based systems, a cutting-edge European technology for open systems aligned with the new requirements set by European initiatives such as NIS2 and the Cyber Resilience Act (CRA). OdinS's multidisciplinary and entrepreneurial team works daily to address the challenges of an increasingly connected and technological society. OdinS is a member of the International IoT Forum and AIOTI (Alliance for Internet of Things Innovation) and actively participates in standardization working groups on Smart Cities, Architectures, and Standards. Specifically, OdinS collaborates with ETSI (European Telecommunications Standards Institute) in the ISG CIM (Cross-Sector Context Information Management) industry standardization group to design interoperable interfaces between IoT devices and Big Data platforms. OdinS views collaborative R&D projects as the best investment for achieving more competitive products and solutions. For more information, visit TProtege has a significant regional presence in the security and control systems market, with a strong focus on applying the latest technologies to deliver tailored solutions and superior customer service. It aspires to be a benchmark for integrated ICT solutions in the audiovisual sector, particularly in security and control. TProtege is a leader in technology-based systems, offering audiovisual engineering, surveillance, environmental monitoring, access control, and logistics security services. For more information, visit About SEALSQ:SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable. SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries. For more information on our Post-Quantum Semiconductors and security solutions, please visit About WISeKey WISeKey International Holding Ltd ('WISeKey', SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) Corp which focuses on trusted blockchain NFTs and operates the marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN subsidiary contributes to WISeKey's mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company's semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey's strategic direction and its subsidiary companies, please visit DisclaimerThis communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act ('FinSA'), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of and Investor Contacts WISeKey International Holding LtdCompany Contact: Carlos MoreiraChairman & CEOTel: +41 22 594 3000info@ WISeKey Investor Relations (US) The Equity Group CatiTel: +1 212 836-9611 lcati@
Time of India
3 days ago
- Business
- Time of India
Dugar Finance raises $3 million from Symbiotics' Green Basket Bond to boost EV, solar loans
Dugar Finance & Investments Limited, a non-banking financial company (NBFC) working in solar and MSME financing, raised $3 million in debt from the $75 million Green Basket Bond issued by Swiss-based impact investment firm Symbiotics Investments . The fresh funds will help Dugar Finance expand its footprint in EV financing and rooftop solar financing , particularly targeting residential consumers, MSMEs, and housing societies in tier-2 and tier-3 cities. The bond is subscribed to by British International Investment (BII), the UK's development finance institution aims to accelerate renewable energy adoption across Asia and Africa. 'At Dugar Finance, our mission has always been to bridge financial inclusion with sustainability. This capital infusion is not just financial support, it's a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots,' said Ramesh Dugar, Founder and MD of Dugar Finance. He added that the funding will help the NBFC to scale its offerings in regions where such solutions can be transformative. Dugar said so far it has helped over 1,200 customers adopt rooftop solar systems and purchase EVs, leading to an estimated reduction of 3,000 tonnes of carbon emissions and annual electricity savings of ₹2.96 crore.
Economic Times
3 days ago
- Business
- Economic Times
Dugar Finance raises $3 million from Symbiotics' Green Basket Bond to boost EV, solar loans
TIL Creatives AI generated image for representation purposes. Dugar Finance & Investments Limited, a non-banking financial company (NBFC) working in solar and MSME financing, raised $3 million in debt from the $75 million Green Basket Bond issued by Swiss-based impact investment firm Symbiotics Investments. The fresh funds will help Dugar Finance expand its footprint in EV financing and rooftop solar financing, particularly targeting residential consumers, MSMEs, and housing societies in tier-2 and tier-3 cities. The bond is subscribed to by British International Investment (BII), the UK's development finance institution aims to accelerate renewable energy adoption across Asia and Africa. 'At Dugar Finance, our mission has always been to bridge financial inclusion with sustainability. This capital infusion is not just financial support, it's a strong endorsement of our efforts to drive clean energy access and uplift small businesses at the grassroots,' said Ramesh Dugar, Founder and MD of Dugar Finance. He added that the funding will help the NBFC to scale its offerings in regions where such solutions can be said so far it has helped over 1,200 customers adopt rooftop solar systems and purchase EVs, leading to an estimated reduction of 3,000 tonnes of carbon emissions and annual electricity savings of ₹2.96 crore.
