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The Place Holdings Signs MOU to Acquire 51% of IP Rights Associated with Property Landmark, THE PLACE, and Iconic Attraction, Shimao Tianjie Sky Screen,...
Highlights:
- The first acquisition relates to the intellectual Property Rights ("IP Rights") of design patent and certain trademarks that are used for the operations and management of the Sky Screen and real estate properties associated with the property landmark, THE PLACE ("THE PLACE"), in Beijing
- The recurring royalty income of the IP Rights are derived from the operation and management of the Shimao Tianjie Sky Screen and the usage of IP Rights in relation to the real estate properties associated with THE PLACE mall
- The second acquisition relates to the acquisition of certain assets and businesses relating to the Shimao Tianjie Sky Screen that are expected to generate operating revenue
- Shimao Tianjie Sky Screen ("Shimao Tianjie Sky Screen") is one of the largest sky screens in Asia, comprising 7,500 sqm of LED lights that is located next to THE PLACE
- Pioneering new experiential marketing experiences, Shimao Tianjie Sky Screen continues to be a popular venue and platform for various events, advertisements and media
- Both the IP Rights and Shimao Tianjie Sky Screen are income-generative businesses and they are expected to strengthen the financial performance of the Group
- There are also various opportunities to leverage on the IP Rights and technological features of Shimao Tianjie Sky Screen to develop new business propositions related to the digital economy (such as gamification, NFTs, Metaverse) and create new revenue streams
More information on THE PLACE and Shimao Tianjie Sky Screen can be accessed at https://www.theplacebeijing.com. After the completion of the Proposed Acquisitions, the Group is expected to receive recurring royalty income from the licensing of the IP Rights for the use in the operation and management of Shimao Tianjie Sky Screen and the real estate properties associated with THE PLACE, which is a mixed-use development built in 2006, comprising two top-tier office buildings and a high-end shopping retail mall, located at No. 9 Guanghua Road, Chaoyang District, Beijing, the heart of Beijing's Central Business District (CBD). In addition, the Group will also generate operating revenue from the operation of the Shimao Tianjie Sky Screen.
Shimao Tianjie Sky Screen is one of the largest sky screens in Asia with 7,500 sqm of LED lights across a space of 250m long and 30m wide, offering a spectacular light show experience with high-resolution imagery and state-of-the-art, immersive sound systems as well as technological features that enable interactivity.
Pioneering new experiential marketing experiences, Shimao Tianjie Sky Screen has established a strong brand and continues to be a popular venue and platform for various events, advertisements and media.
Developed by Beijing Aozhong Xingye Real Estate Development Co., Ltd, THE PLACE and Shimao Tianjie Sky Screen have quickly become a property landmark and iconic attraction in Beijing since it was unveiled to the public in September 2007.
Both the IP Rights and Shimao Tianjie Sky Screen are income-generative businesses and the proposed acquisitions are expected to strengthen the Group's cash flow and financial performance.
With a scalable asset-light model that can be replicated across various countries, there are also various opportunities to utilise the IP Rights and technological features of Shimao Tianjie Sky Screen to potentially develop new business propositions related to the digital economy (such as gamification, NFTs, Metaverse) and create new revenue streams.
Mr Ji Zenghe, Executive Chairman of The Place Holdings, said, "With THE PLACE and Shimao Tianjie Sky Screen having been in operations for more than 15 years, the proposed acquisitions represent direct access to a well-known property landmark and iconic attraction that are both cash-flow generative and profitable.
The revenue streams from both acquisitions can strengthen our financial performance and enhance our business agility to pursue new growth initiatives.
Based on the proven operating models of the underlying assets, the Group can adopt an asset- light business approach to pursue various collaborations and opportunities across various countries in Asia.
In addition, with evolving consumer behaviors in lifestyle and business activities, we believe that there are various opportunities to leverage on the IP Rights and technological features of Shimao Tianjie Sky Screen to push the boundaries of digital innovation and develop new business propositions related to the digital economy."
Contact:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe Place Holdings Limited, is pleased to announce that it has entered into a non-binding MoU to acquire a 51% stake in two entities which hold the IP Rights of design patent and certain trademarks that are related to property landmark, THE PLACE.
Synergy Group’s Collaboration with Malaysian State Government Agency To Achieve Green Initiative For an annual reduction of over 600,000 tons of CO2 emissions
As the core green technology solution provider of the "Light Saving Program", Synergy Group anticipates to install approximately six million LED lights over 6,000 condominiums in Selangor with energy performance contract. Synergy Group's patented LED light has a 10 years lifespan and saves 50% more energy than traditional LED light in the market which will minimize product replacement costs and maximize savings.
"Synergy Group offers the most advanced, durable and sustainable LED lighting solution. For the period agreed, it is estimated that the 'Light Saving Program' will achieve an annual saving of MYR448 million (equivalent to approximately HKD840 million) with approximately 867 million kWh electricity savings. That is equivalent to a reduction of over 600,000 tons of CO2 emissions per year and represents planting over 10 million trees annually for 10 years." The Group Chairman and Chief Executive Officer Mr. Mansfield Wong said.
Synergy Group has further collaborated with iCleanic Limited(4) in the implementation of the "COVID Fighting Program" in the same 6,000 condominiums in Selangor. iCleanic Limited is a Hong Kong-based company that provides sanitization solutions to eliminate the COVID-19 virus. Effectiveness of sanitization solution is tested by international professional organizations such as CMA Testing(5) for airborne bacteria elimination, and by the University of British Columbia for COVID-19 elimination as well. The program focuses on airborne bacteria reduction through air quality treatment and COVID-19 transmission risk in Selangor. Program effectiveness and safety is tested by CMA Testing(5) which is suitable and safe for all ages.
Selangor is visualized as a liveable smart city by 2025 in ASEAN. The Group aims to participate in the green initiatives of Malaysia in promoting green development and building a smarter, greener and safer city in Selangor
Media enquiries:
New Smile Limited Strategic IR & PR Consultancy
Tel: +852 2126 7076
Jenny Lai [email protected]
Jenny Cheung [email protected]
Notes to editors:
1. Synergy Group Holdings International Limited ("Synergy Group" or "The Group")
Founded in 2008, Synergy Group Holdings International Limited (Stock code: 1539.HK), is the first Energy Service Company (ESCO) to be listed on the Hong Kong Stock Exchange and one of the leading integrated energy saving and management solutions providers based in Hong Kong. The Group and its subsidiaries is principally engaged in design and customization, investment, installation and commissioning, operation and maintenance of (i) energy efficiency technology; (ii) renewable energy; and (iii) energy storage and distributed energy resources. Serving clients in over 20 countries, and with businesses in large multi-million projects in Malaysia, Indonesia and South Africa.
2. Lembaga Perumahan dan Hartanah Selangor (LPHS)
LPHS is a state government agency who is responsible for the planning and management of property developments in the state of Selangor.
3. Odesi Ecob Sdn Bhd (ODESI)
ODESI is in the business of Property Technology, supplying Strata Management Solution to the State Housing Ministry and Commissioner of Buildings.
4. iCLEANIC Limited
iCleanic Limited is a company incorporated in Hong Kong which provides sanitization
solutions.
5. CMA Testing
Established since 1979, CMA Testing, a subsidiary of The Chinese Manufacturers' Association of Hong Kong, is a large-scale quality assurance center, specializes in testing, inspection and certification services. CMA Testing is also a third-party laboratory accredited by The Hong Kong Laboratory Accreditation Scheme (HOKLAS) and an inspection body accredited by The Hong Kong Inspection Agency Accreditation Scheme (HKIAS). CMA Testing's global footprint spans over 12 countries in Asia, Middle East, Europe and North America.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comSynergy Group Holdings International Limited, stock code 1539.HK ("Synergy Group" or "The Group")(1) signed a memorandum of understanding with Lembaga Perumahan dan Hartanah Selangor (LPHS)(2), a Malaysian government agency, and Odesi Ecob Sdn Bhd (ODESI)(3), a property technology company, last week to launch a green composite program in Selangor, Malaysia.
Portable generator powers small safety devices
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With the growing interest in the internet of things and small electronics, there is high demand for portable energy sources. One way to produce power is to harvest energy from the environment, such as thermal, solar or mechanical energy. To capture mechanical energy - the power an object gets from its position and motion - scientists have developed triboelectric nanogenerators, which can produce electricity through friction.
"Triboelectric nanogenerators are one of the most effective tools for harvesting mechanical energy because of their high electrical output, low cost and easy accessibility," professor Sangmin Lee of Chung-ang University in the Republic of Korea.
Triboelectric generators are electrically charged when two dissimilar materials touch and then separate. For example, when a balloon is rubbed on clothing, the balloon becomes charged and can stick to things. However, friction between two materials inevitably causes damage, reducing device lifespan.
Using liquids can reduce friction, but liquid-based generators have a considerably lower electrical output than solid ones. There is also a trade-off between making the device large enough for the liquid to move and generate electricity, while also ensuring it is compact enough to be portable.
To overcome these problems, researchers at Chung-ang University, together with colleagues in South Korea and the US, developed a lightweight, compact, water-based generator that can produce electrical power when shaken.
The device has a simple stick-like design and consists of 10ml of water, a polymer cylinder and electrodes. The container's polymer material is negatively charged. The water moves up and down when the device is shaken, acquiring a positive charge that is transferred to the electrodes to generate a high electrical output.
"Because of its simple mechanism and design, this small and lightweight device could be used in everyday life. Electrical power can be produced simply by pouring water into the generator then giving it a shake," explains Lee.
The researchers tested different designs, changing the size and ratio of the electrodes, the physical space between the electrodes and the amount of water in order to determine the optimal combination. They found that the portable stick generator could generate a high electrical output reaching 710 volts when it had adequate space for water movement and a high electrode area.
The researchers showed that the generator can power 100 LED lights, meaning it could be used as a traffic safety light baton that illuminates when shaken. This study demonstrates the potential for triboelectric nanogenerators to be used for a wide range of everyday applications.
Further information
Sangmin Lee
Chung-ang University
Email: [email protected]
Research paper: https://doi.org/10.1080/14686996.2022.2030195
About Science and Technology of Advanced Materials (STAM)
Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials. https://www.tandfonline.com/STAM
Dr. Yoshikazu Shinohara
STAM Publishing Director
Email: [email protected]
Press release distributed by Asia Research News for Science and Technology of Advanced Materials.
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comA new stick-like, water-based device can convert energy from movement into electricity. The technology, which was reported in the journal Science and Technology of Advanced Materials, could be used to power portable devices, such as safety lights.
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