News related to
First

Spacebiz in Hong Kong – a golden opportunity for Professional Services and STEM

HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – Space Economy Association (Hong Kong) Ltd, or “SEA”, officially formed in the midst of the space economy boom. It is an independent membership-based non-government organisation dedicated to connecting and facilitating space-related industries, businesses, investors, educators, experts, and governments worldwide in their pursuit for businesses and technology in commercial space. SEA helps establish Hong Kong as a super-connector hub in the international space ecosystem by capitalising on our professional services, led by finance.

The new renaissance is in the space economy. The US$630 billion global space economy is set to triple to US$1.8 trillion^[1] by 2035. With launch costs dropping 10-fold in the last 20 years, private and public sectors will soar with all humanity set to benefit. Space economy is ubiquitous and creating value beyond rocketry and satellites, everyone will flourish as the space economy grows 9% per annum. China is the world’s second largest player in space, highlighting it as one of the four emerging strategic industries in its 15th National Five-Year Plan. Its commercial space sector has already launched 81 rockets and 336 satellites into orbit, with over 100 space start-ups and companies raising around US$6.5 billion. Hong Kong, as a key international financial centre practicing Common Law with international arbitration system and robust insurance, data and intellectual property protection capabilities, uniquely stands to serve China and other countries to pursue capital, business, technology and talent in commercial space.

“From Hong Kong’s perspective, the NewSpace economy is not simply about rockets or satellites; it is about the commercial possibilities they create for our professional services community. As the nation advances its aerospace ambitions, Hong Kong’s strengths in finance, insurance, law and related fields equip the city to support activities ranging from project financing and initial public offerings to risk management and crossborder transactions. Our bankers, insurers, accountants and lawyers are ideally positioned to help turn space initiatives into viable enterprises — and to participate directly in the value they generate.” said the Honourable Bernard Charnwut Chan, GBM, GBS, JP. Patron of SEA.

“Hong Kong’s top-class professional services would facilitate the processes from research and innovation to startup, scale-up and successful space business. Besides a hub for IPOs, Hong Kong offers funding from seed and angel, to private equity, venture capital, mergers and acquisitions, in debt, equity, and lease financing. This space economy would contribute plentiful job and business opportunities to become a key pillar of Hong Kong in terms of economy and quality opportunities for our young generation,” said Professor Richard Leung, Chairman of SEA. “SEA’s global network of partners grows beyond Asia, North America and Europe to include the UNOOSA ecosystem. SEA is a platform that empowers astropreneurs to launch towards humanity’s collective space dream.”

SEA is governed by a Board of 19 members and supported by nine committees. SEA is also strongly supported by a Patron and five Fellows who share the vision to position Hong Kong as a leading hub in the international space economy. The Honourable Bernard Charnwut Chan, GBM, GBS, JP is SEA’s Patron with Fellows Dr. Anthony Neoh, KC, SC, JP, Chairman, Asian Academy of International Law, Prof. Jin-Guang Teng, BBS, JP, President, The Hong Kong Polytechnic University, Mr. Jimmy Tsang, General Manager, Goldlion, Mr. Roger Tong, Chief Executive Officer, AsiaSat, and Prof. Gregg Li, Adjunct Professor at the Laboratory for Space Research, The University of Hong Kong.

As this new economy requires education first, SEA began as the Orion Astropreneur Space Academy or OASA, with an aim to herald and teach this new economy. OASA was formed in 2020 to accelerate the awakening of young executives and professionals through action-learning and Artificial Intelligence, preparing them for the NewSpace economy. OASA has made important strides in advancing NewSpace awareness, talent development, and ecosystem building. It has engaged more than 200,000 visits, worked with over 50 partner organisations, and organised more than 60 courses and activities. As OASA evolves into SEA, the OASA remains the brand for school development programmes and youth-focused education.

SEA membership is a community of 100 co-founders, 150+ active members, 250+ student members, and 40+ industry partners shaping the future of NewSpace in the Greater Bay Area. Members connect with leading innovators, world-class institutions, global mentors, and industry leaders at the forefront of the commercial space. SEA provides a trusted platform for dialogue, collaboration, and engagement through events and direct connections. Members can access closed-door industry dialogues, international delegations, early opportunities for partnerships, and connect with an internationally respected network.

SEA’s membership framework has full, associate, and fellow membership options to serve this diverse community. All members benefit from preferential event rates, networking opportunities, curated market intelligence, professional development, and selected business support services. Full Members enjoy governance rights at general meetings, while higher-tier and charter members receive additional recognition and priority access.

Hashtag: #SpaceEconomyAssociation #SEA

The issuer is solely responsible for the content of this announcement.

About Space Economy Association (Hong Kong) Ltd

Space Economy Association (Hong Kong) Ltd (SEA) is an independent, membership-based NGO dedicated to connecting and facilitating space-related industries, businesses, investors, educators, experts, and governments worldwide in their pursuit of commercial space business and technology. SEA aims to help establish Hong Kong as a super-connector hub within the international space ecosystem by capitalising on its strengths in professional services, led by finance. SEA’s membership comprises a community of 100 co-founders, over 150 active members, more than 250 student members, and 40+ industry partners, all contributing to shaping the future of NewSpace in the Greater Bay Area. Members benefit from access to closed-door industry dialogues, international delegations, early partnership opportunities, and connections with a respected global network, including the UNOOSA ecosystem. SEA’s growing global network of partners spans Asia, North America, and Europe.

Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy

HONG KONG SAR – Media OutReach Newswire – 27 June 2026 – The “Wealth Management Expo 2026”, powered by Bank of China (Hong Kong) (“BOCHK”) and organised by TVB under the theme of “Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy”, was successfully held today. The Expo featured top-tier financial experts and prominent figures for market pulse insights and visionary perspectives on the international landscape, the international use of RMB, enterprises going global, silver economy and wealth management.

The Expo was officiated by Mr. Michael WONG, GBS, JP, Acting Financial Secretary of the HKSAR Government; Mr. Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury of the HKSAR Government; and Mr. Stephen CHAN, Deputy Chief Executive of BOCHK. Mr. Christopher HUI also shared at the opening forum on how Hong Kong as a global offshore RMB hub supports enterprises in going global. Other attending guests included Dr. KO Wing Man, GBS, JP, Standing Committee of the National Committee of the CPPCC; Mr. SIU Sai Wo, General Manager (Business Operations) of TVB; and representatives from BOCHK.

Mr. Stephen CHAN, Deputy Chief Executive of BOCHK, said in his opening remarks, “This year marks the inaugural year of the nation’s 15th Five-Year Plan, which clearly supports Hong Kong in strengthening its role as an international asset and wealth management centre. Against this backdrop, Hong Kong, as a vital bridge between the Chinese Mainland and the rest of the world, is set to tap into an unprecedented opportunity for growth. Bank of China (Hong Kong) will actively align with national policies and the HKSAR Government’s direction by deepening its regional business development and promoting the international use of RMB, while continuing to fulfil its corporate social responsibilities, contributing to the consolidation of Hong Kong’s position as an international financial centre.”

Opening Forum: Experts Shared Insights on RMB Empowering Enterprises to Go Global

The opening forum of the Expo “New Opportunities in Global Wealth Investment: RMB Empowering Enterprises to Go Global” featured Mr. Christopher HUI, GBS, JP, Secretary for Financial Services and the Treasury, HKSAR Government; Mrs. Pauline NGAN, BBS, JP, Deputy Chairman and Managing Director of Mainland Headwear Holdings Limited, Member of the National Committee of the CPPCC; Mr. Sam YU, Chairman of Hong Kong Investment Funds Association; and Mr. Jack YANG, RMB Business Executive Director of BOCHK. They engaged in an in-depth discussion on the international market trends, enterprises going global and the international use of RMB, elaborating new investment opportunities.

Summit Forum: Decoding Silver Economy Opportunities and Industry Integration

The growing silver-haired population is driving demand across a range of areas, including health, lifestyle and wealth management. Held under the theme “Redefining Value in the Silver Age: Uncovering Blue Ocean Market Opportunities”, the summit forum featured Dr. KO Wing Man, GBS, JP, Standing Committee of the National Committee of the CPPCC; Mr. Angus CHAN, Director of Elderly Care Services of Chinachem Group; Mr. Terry WONG, Chief Executive Officer of Hong Kong Science and Technology Parks Corporation; and Mr. Wilson TANG, Chief Executive of BOC Group Life Assurance Company Limited. Drawing on a macro perspective on industry structure, the speakers analysed the business opportunities within the silver economy and explored how to drive supply chain transformation and integration across traditional industries such as healthcare and insurance, while offering a forward-looking view of the immense potential of this emerging market.

Thematic Workshops and Immersive Digital Experience Zone, Showcasing Comprehensive Wealth Growth Strategies

The Expo also held several thematic workshops, in which experts analysed prevailing topics, including global fund and equity market conditions, retirement wealth planning, and emerging markets, equipping clients with insights into wealth growth strategies. Two fund workshops focused respectively on emerging markets and global income opportunities. The first workshop, “Focusing on Emerging Value in Asia: Embarking on a New Chapter for RMB Assets and China’s Equity and Bond Markets”, examined how the Chinese Mainland’s deepening cooperation with ASEAN, the Global South, and Belt and Road Initiative partner countries is generating new investment opportunities in emerging markets. The workshop also offered an investment outlook of the implications of the National 15th Five-Year Plan and the shifting global landscape for RMB assets and the Chinese Mainland’s equity and bond markets. The second fund workshop, “Harnessing Multi-Asset Strategies to Capture Asia-Pacific Income Opportunities,” explored how investors should diversify asset portfolio amid heightened volatility in global equity and bond markets, while capturing income opportunities from Asia-Pacific and emerging markets.

The retirement planning workshop, “Forward-Looking Wealth Planning: Charting Your Own Path to a Premium Retirement”, addressed the retirement pain points commonly faced by Hong Kong residents, offering financial advice for the silver generation to build a solid safety net for themselves and their families. The equities workshop, “Navigating 2026: Decoding Stock Market Strategies”, dissected global equity market performance and explored how different financial products can be used to balance aggressive and defensive positioning to capture markets with growth potential. The wealth management workshop, “AI-led Future: Blue Ocean Opportunities in Southeast Asia and New Horizons for Enterprises Going Global”, examined the AI investment boom and analysed the unique edge of Hong Kong as a “super value-adder” for enterprises going global.

A 3D immersive digital experience zone highlighted BOCHK’s capabilities across its expansive network reach, anti-fraud education, professional services, digital innovation leadership and award-winning credentials.

BOCHK Private Wealth also officially unveiled its new Wealth+ service proposition at the event, expanding its scope beyond wealth management to encompass multi-dimension of clients’ lives, including lifestyle experiences, family financial planning and holistic well-being, with a commitment to addressing client’s unique and individual needs.

The “Wealth Management Expo 2026” concluded successfully with fruitful outcomes. Through a full day of engaging forums, workshops, digital experience zone and sponsored booths, industry professionals, investors and the public can gain insights into global opportunities, keep abreast of the latest development in the international use of RMB and the strategic advantages of enterprises going global, while capitalising on the diverse opportunities presented by the silver economy, and mastering financial management and wealth growth.

Hashtag: #WealthManagementExpo2026

The issuer is solely responsible for the content of this announcement.

The defining feature of the new network is Vietnam’s first and only multi-connected robotic surgery ecosystem. Rather than deploying standalone robotic systems, Vinmec has established an integrated operating platform that brings together multiple world-leading robotic technologies across its hospital network. Vinmec Times City International Hospital serves as the clinical coordination hub, linking robotic surgery centers at Vinmec Smart City, Vinmec Da Nang, Vinmec Central Park, Vinmec Can Tho and other Vinmec hospitals throughout the country.

For general surgery, Vinmec operates three of the world’s leading robotic surgery platforms: Da Vinci Xi at Vinmec Times City, Hugo RAS at Vinmec Da Nang and Vinmec Central Park, and Toumai MT-1000 at Vinmec Smart City and Vinmec Can Tho. Together, these technologies enable surgeons to access deep anatomical structures, perform highly precise procedures within confined surgical spaces, and select the most appropriate platform based on each patient’s condition. Notably, the Toumai MT-1000 also introduces the capability for 5G-enabled remote robotic surgery, laying the foundation for future models of connected healthcare delivery.

In orthopedic surgery, Vinmec has deployed a comprehensive portfolio of next-generation joint replacement robots, including ROSA at Vinmec Smart City, MISSO at Vinmec Times City and Vinmec Can Tho, and CORI across Vinmec Ocean Park 2, Hai Phong, Da Nang, Central Park, Phu Quoc and Nha Trang. These technologies enable personalized surgical planning based on each patient’s anatomy while supporting millimeter-level precision in implant positioning and joint balancing, helping optimize clinical outcomes and accelerate postoperative recovery.

For neurosurgery and spine surgery, Vinmec has integrated the StealthStation S8, Mazor X Stealth Edition robotic guidance system and the O-arm with StealthStation O2 imaging platform at Vinmec Smart City and Vinmec Da Nang. This advanced technology suite provides real-time navigation, intraoperative imaging and continuous surgical verification, enabling surgeons to accurately access complex anatomical structures while improving procedural safety and reducing the risk of complications.

Complementing its advanced technology ecosystem, Vinmec is also the first healthcare provider in Vietnam to develop a “3-in-1” robotic surgery model built on Personalization, Automation and Standardization. Every patient receives an individualized treatment plan through preoperative 3D reconstruction and surgical simulation, benefits from AI-enabled robotic assistance during surgery, and is treated according to internationally recognized standards in clinical practice, education and research.

Technology delivers value only when placed in the hands of highly skilled professionals. To operate this large-scale robotic surgery ecosystem, Vinmec has developed a multidisciplinary team of specialists who have undergone rigorous training, competency assessments and international robotic surgery certification programs. Their expertise forms the foundation for delivering safe, high-quality and consistently effective surgical care.

Alongside the launch of the robotic surgery network, Vinmec also announced the establishment of the Robotic Surgery Patient Support Fund, backed by nearly VND 300 billion in funding from Vingroup. The fund is expected to reduce financial barriers and expand patient access to advanced robotic surgery, particularly for those facing financial hardship.

At the event, Prof. Tran Van Thuan, MD, PhD, Deputy Minister of Health, remarked: “I highly appreciate Vinmec’s vision of not only investing in advanced medical equipment but also building a comprehensive ecosystem encompassing clinical care, medical education, scientific research, technology transfer, and international collaboration.” The Deputy Minister also acknowledged the humanitarian value of the Robotic Surgery Patient Support Fund, which helps expand access to advanced surgical technologies for eligible patients.

Speaking at the launch ceremony, Prof. Tran Trung Dung, MD, PhD, Chief Executive Officer of Vinmec Healthcare System, said:

“Our High-Tech Robotic Surgery Network is built on a model of multidimensional connectivity connecting experts, hospitals and the world’s leading technology partners within a single integrated ecosystem. Our goal is to provide patients in Vietnam with access to the most advanced surgical innovations while progressively positioning Vietnam as a regional destination for high-tech healthcare and precision surgery.”

According to Assoc. Prof. Pham Van Binh, MD, PhD, Director of the Vinmec High-Tech Robotic Surgery Network, the true strength of the centers lies not only in their advanced robotic systems but also in their ability to transform technology into sustainable clinical excellence.

“Our vision extends beyond building a treatment center. We are establishing an academic institution for robotic surgery that integrates clinical practice, academic training, scientific research and technology transfer, bringing together leading robotic surgeons from Vietnam and around the world.”

The launch of Vinmec’s High-Tech Robotic Surgery Network represents not only a significant milestone in the healthcare system’s development but also an important step forward in accelerating Vietnam’s transition toward an era of precision, personalized and technology-driven surgery. By bringing world-class surgical innovation closer to patients, Vinmec is laying the foundation for Vietnam to emerge as a new regional hub for robotic surgery and advanced medical treatment in Southeast Asia.

Hashtag: #Vinmec

The issuer is solely responsible for the content of this announcement.

By K Raveendran India’s decision to initiate an anti-dumping investigation into cheap steel imports marks more than another defensive trade action. It is a reminder that globalisation, which New Delhi has often invoked when Indian exports face barriers abroad, becomes far more complicated when the pressure arrives at home. The steel case has exposed the […]

The article Steel Exposes Hard Limits Of Much-Vaunted Free Trade Piety appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

During the reception, Invest Hong Kong (InvestHK), the government’s investment promotion agency, announced impressive results for the first half of 2026, revealing that these enterprises are expected to bring in over HK$53 billion (US$6.8 billion) in foreign direct investment and create over 8,600 new jobs for Hong Kong.

Speaking at the reception, John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), said Hong Kong is one of the best places in the world to do business, being ranked as the world’s freest economy by the Fraser Institute and the second most competitive economy according to the latest IMD World Competitiveness Yearbook.

“In choosing Hong Kong for your Asian and global business expansion, you share my belief in Hong Kong’s flourishing future,” Mr Lee said. “You have made a wise choice. Hong Kong is one of the world’s best economies to do business in and with.”

Under the “one country, two systems” principle, Hong Kong possesses the distinctive advantages of enjoying strong support from the country (China) and being closely connected to the world. The city offers an open and business-friendly environment, a simple and low tax regime, and a common law system that seamlessly connects with global financial centres.

Austria-based transport and logistics firm Gebrüder Weiss recently upgraded its Hong Kong office to become regional headquarters in East Asia and Oceania. Its Regional Director East Asia/Oceania, Michael Zankel, said of Hong Kong, “The business environment is great, you have a lot of talent around here to employ. It has always been the gateway to the Chinese Mainland but for us it is more a gateway to Asia.”

According to Merwann Younes, Global Head of Hospitality & Lifestyle Channels for Italian company Moleskine, Hong Kong is a “a very dynamic and creative city, which are also the core values for Moleskine as a brand.”

Etienne Dubois, Chief Strategy Officer, Unlimitics, which has developed an AI-powered school simulation game designed for neurodivergent children, said Hong Kong is a good place for start-up entrepreneurs like himself. “It is a very good melting pot for talent and opportunities and for growth,” he said.

Expanding on its first half results for 2026, InvestHK announced that its number of completed projects had increased 9% compared to the same period in 2025, while anticipated direct investment was up 36% and new jobs created rose 6% year-on-year.

In terms of place of origin of the 413 enterprises, 246 came from the Chinese Mainland, followed by Singapore (26), the United States (21), the United Kingdom (18), France (11) and Italy (11).

The top five sectors are innovation and technology (93), financial services and fintech (89), tourism and hospitality (55), transport, logistics and industrials (44), and business and professional services (39).

Looking ahead, Mr Lee said the HKSAR Government was expediting development of the Northern Metropolis, a new economic engine destined to rise as an international I&T and business hub.

“This will unlock abundant opportunities and shape a prosperous future for Hong Kong,” Mr Lee said, adding that the HKSAR Government is creating Hong Kong’s first Five-Year Plan, a strategic blueprint that will focus on long-term economic momentum, advancing technology and improving livelihoods.

Investment promotion results of InvestHK for the first half of 2026 are available at: https://gia.info.gov.hk/general/202606/25/P2026062500366_548202_1_1782386859629.pdf

Hashtag: #hongkong #brandhongkong #asiasworldcity #investhk #business #investment

https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong

The issuer is solely responsible for the content of this announcement.

At MWC IoT Summit 2026, Kigen made the case that the EU Cyber Resilience Act is not a compliance burden — it is a once-in-a-generation opportunity. For manufacturers who move now, the competitive advantage is structural.

SHANGHAI, CHINA – Media OutReach Newswire – 26 June 2026 – 5.5 trillion dollars. That is the annual cost of cybercrime to the global economy — a figure larger than the GDP of every nation except the United States and China. Behind it lies a single, solvable problem: billions of connected devices shipped without robust security baked in.

At MWC IoT Summit 2026 in Shanghai, Jean-Louis Carrara, SVP Global Sales at Kigen, delivered a keynote that reframed this challenge as an inflection point. The message was clear: the era of voluntary security is over, and the manufacturers who recognise this first will define the competitive landscape for the decade ahead.

The Regulation That Changes Everything

The EU Cyber Resilience Act (CRA) is the most significant cybersecurity legislation ever enacted. It covers more than 90% of all IoT products containing digital elements — sensors, gateways, industrial equipment, consumer devices. If it connects, it is covered.

Manufacturers must now provide security updates across a five-year product lifecycle, report confirmed security incidents within 72 hours, and demonstrate security by design from the earliest stages of product development. Non-compliance carries penalties of up to €15 million, or 2.5% of global annual turnover.

Documentation requirements and vulnerability management obligations are already in force from September 2026. For any product in development today — any product planned for market entry in 2027 — compliance is not a future consideration. It is a present one.

“Security is no longer a cost to be minimised. It is an investment in market access, competitive standing, and long-term resilience.”

Market Access as Competitive Advantage

Independent analysis puts the average cost of CRA compliance at approximately €100,000 per product line. Against a potential penalty exposure of €15 million, the arithmetic is straightforward. But Carrara pressed further: as the compliance threshold rises, EU market access becomes selectively available — a structural advantage for those who are ready.

This is the reframe that matters. Security is not a constraint on speed to market. It is the enabler of access to the world’s most demanding — and most rewarding — markets.

Proof at Scale — and Under Pressure

Kigen’s eSIM technology operates across more than 250 terrestrial and satellite networks worldwide. Hundreds of millions of devices. Decades of real-world hardening. But scale, Carrara argued, is not the same as trust.

Trust is demonstrated when the stakes are highest. When significant vulnerabilities were identified in eSIM frameworks used across the industry, Kigen responded within 72 hours — developing and sharing a patch openly, without paywalls, in full coordination with the GSMA and in alignment with ENISA disclosure guidelines.

“We did not wait for regulation to demand it,” Carrara said. “We acted because it was right — and because the industry’s security is only as strong as its weakest point. Our actions supported the coordinated response to develop countermeasures and mitigate the risks and we continue to collaborate on furthering these by contributing back through GSMA and other standards bodies. With certified eSIMs now carrying capabilities to patch, the tools are available for the mandates OEMs must meet on cybersecurity – readily, with our expertise.”

The Platform Already Built

Kigen’s platform delivers autonomous over-the-air security updates — deployable across an entire installed fleet without physical intervention. Native IoT profile management enables secure provisioning at manufacturing scale. Proven interoperability across the global operator ecosystem ensures devices function wherever customers need them.

Kigen also chairs the GSMA eSIM Working Group, actively advancing standards that raise the security floor for the entire industry — not to hold competitive advantage, but to make the ecosystem stronger for everyone.

The Convergence Moment

AI is transforming manufacturing. Advanced connectivity is extending that transformation to every point on the globe. And regulatory-grade security is the condition that makes all of it trustworthy. These forces are converging — and the window for first-mover advantage is open.

The imperative to build every capability in-house belongs to a previous era. The manufacturers who will define this decade are those who identify where deep, specialised expertise already exists — and accelerate their path to market by partnering with it.

The regulatory framework is clear. The technical capability is proven. Trust, at scale, is a durable advantage.

Hashtag: #Kigen #eSIM #MWC #CRA

https://www.kigen.com
https://www.linkedin.com/company/kigen
https://x.com/Kigen_Ltd
Wechat: KigenChina

The issuer is solely responsible for the content of this announcement.

Kigen (UK) Limited

Kigen is the forerunner in secure eSIM and RSP solutions, enabling manufacturers to adopt and scale cellular IoT with ease. Our award-winning solutions are certified to GSMA eSA (eUICC Security Assurance) and SAS (Security Accreditation Scheme) standards—the highest levels of security assurance in the industry. Our technology delivers freedom to choose from 200+ terrestrial and satellite networks, compliant to EU and China cybersecurity and data regulations for export products, with proven interoperability on leading chipsets and modules.

Backed by Arm, SoftBank Vision Fund 2, SBI Group and Salica Investments, Kigen is trusted by leading global brands in consumer electronics, energy, automotive, logistics, and industrial automation.

Learn more at https://kigen.com/ or follow @kigen for #FutureofSIM matters on LinkedIn.

Simplifying Innovation: From Bioinformatics to Industrial Simulation

SCNet.AI is positioned to bridge supply and demand for computing resources and unify an ecosystem of research software, delivering user-friendly research computing and scientific large model innovation environments for global research institutes, enterprises and independent developers.

SCNet.AI covers three core research scenarios:

• Life Science & Bioinformatics: Tailored for biopharma firms and universities;
• Industrial Manufacturing: CFD fluid simulation and FEA finite element analysis for automotive and semiconductor sectors;
• Physical & Chemical Research: Molecular dynamics simulation for researchers in materials and new energy sectors.

Built around the integrated development philosophy of “data, computing power, models and applications”，SCNet.AI addresses pain points of open-source large models including difficult deployment, high usage costs and complicated adaptation, and provides end-to-end technical support from environment deployment to task tuning, substantially lowering the operational barrier for researchers to access AI4S computing resources.

E-commerce-style Operational Model: Instant Access & Elastic Scheduling

SCNet.AI’s standout innovation lies in its proprietary AI4S application marketplace model. Much like mainstream e-commerce platforms that connect physical goods buyers and sellers, SCNet.AI matches computing power, datasets, research models and industry applications with researchers.

This model delivers three distinct competitive advantages:

• Instant on-demand access. All software is delivered via SaaS, while research AI agents are deployed under MaaS. Users can run tools online after subscription without local downloading, installation or maintenance.
• Elastic scaling. Computing resources can be precisely allocated on demand for workloads ranging from simulation calculations to large model training.
• Unified innovation ecosystem. Beyond being a computing power trading hub, SCNet.AI serves as a global collaborative platform for scientific research and innovation.

Currently, hundreds of premium applications, datasets and model products have already been listed on the platform. Users can select research applications on demand just like browsing an e-commerce site, eliminating the need to build in-house computing clusters or hire dedicated operation and maintenance staff. Simple registration unlocks full access, drastically cutting the overall hidden AI4S cost.

To lower entry barriers for researchers worldwide, SCNet.AI offers a complimentary resource kit for all newly registered users, including 10M Tokens, 100 GPU Hours (AI Inference) and 100 CPU Core Hours (HPC). These resources can support dozens of inference runs for mainstream foundation models, lightweight model fine-tuning, or complete end-to-end CFD and molecular dynamics simulation experiments.

This promotion is valid from June 23 to July 23, 2026 and open exclusively to first-time registrants. Each new account entity is entitled to claim the resource kit only once. All redeemed resources expire 90 days after collection. Quantities are limited and will be distributed on a first-come, first-served basis until exhausted.

For full information, please visit our official website at www.scnet.ai.

Hashtag: #SCNet.AI

The issuer is solely responsible for the content of this announcement.

By Sobhanlal Datta Gupta The Eighteenth West Bengal Legislative Assembly which was formed in the wake of the poll results in 2026 has catapulted the BJP into power on a scale which is unprecedented, but not totally unsurprising. It has been a verdict by default, a furious act of political revenge against years of misrule, […]

The article Collapse Of TMC In Bengal Has Given A Big Opportunity For A Left Turn-Around appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Bringing together cutting-edge innovation, industrial machinery expertise, and real-world adoption, this tripartite initiative unites HKRITA with Jeanologia as the first official machinery partner and Looptworks as a prospective adopter. The partnership signals a decisive shift from research-driven innovation to practical, scalable deployment with industry support, creating a complete and actionable pathway for circular transformation.

At the centre of this ecosystem is HKRITA’s latest Green Machine 4.0, the newest iteration of its pioneering hydrothermal recycling technology. This advanced version recovers polyester at 98% or higher purity from cotton-polyester textiles without harmful processes. Through this collaboration, Jeanologia contributes by delivering industry-ready machinery engineered to European standards that meets the CE high-pressure requirement, enabling seamless integration and streamlined logistics. Meanwhile, Looptworks, a Certified B-Corp recycling specialist, transforms diverse pre- and post-consumer textiles into high-quality GRS-certified fibres. This cross-industry collaboration supports expandable industrial implementation across diverse settings, enabling the industry to execute circular solutions at scale.

By integrating scientific innovation, engineering excellence, and operational deployment, the Green Machine ecosystem provides a viable pathway for circular transformation. This initiative empowers textile recyclers to process previously unrecyclable materials and unlock new revenue streams, while enabling fashion brands to incorporate recycled fibres into their supply chains in commercial volumes. It also supports manufacturers in adopting more sustainable production models, helping all stakeholders close the loop on textile waste and reduce dependence on virgin resources.

Mr Jake Koh, Chief Executive Officer of HKRITA, said, “The circular economy is no longer a distant goal—it is here. With the Green Machine 4.0 now proven adoption-ready and scalable, this partnership marks a decisive shift from research to commercialisation. True innovation is defined by real-world impact, and today we are making it a reality.”

Mr Enrique Silla, CEO and Founder of Jeanologia, said, “For the last 25 years, we have transformed the denim industry through technology, innovation and collaboration. Today, we are bringing that same experience to one of the industry’s greatest challenges: textile-to-textile recycling. At Jeanologia, we believe recycling must become part of the industry’s pre-competitive space, where companies work together to create solutions that no single organisation can achieve alone. By combining HKRITA’s innovation, Jeanologia’s industrial engineering and textile bleaching expertise, and Looptworks’ operational deployment, we are creating a model that can help make circularity a reality at industrial scale.”

Mr Scott Hamlin, Founder and CEO of Looptworks, said, “Looptworks has had a relationship with HKRITA for over a decade. We are proud to have worked together with the research and management teams at HKRITA to further develop textile circularity innovations at scale. The Green Machine represents a shining example of what is possible for textile recycling. Blended materials have long been a major barrier to circularity, and this technology enables us to effectively realise their value at scale. By reintroducing recovered fibres into the supply chain, we are proving that circular solutions are both environmentally practical and economically viable.”

Aiming to ensure ecologically sound circularity in the industry, HKRITA invites textile recyclers, fashion brands, and manufacturing partners to join the ecosystem and explore opportunities for collaboration, adoption, and expansion.

Hashtag: #HKRITA

The issuer is solely responsible for the content of this announcement.

About The Hong Kong Research Institute of Textiles and Apparel (HKRITA)

Established in 2006, HKRITA is funded by the Innovation and Technology Commission of the HKSAR Government and is hosted by The Hong Kong Polytechnic University. Celebrating its 20th anniversary in 2026, HKRITA continues to contribute to the competitiveness of the textile and apparel industry by providing one-stop services in applied research, technology transfer and commercialisation. HKRITA also plays a vital and expanding role in driving sustainable improvements in the industry and thus bringing benefits to society as a whole.

About Jeanologia

Jeanologia is a Spanish technology company with more than 30 years of experience transforming the textile industry through innovation. Today, more than 40% of the world’s jeans are produced using Jeanologia technologies.

The company pioneered technologies such as laser, G2 ozone and water recycling systems, helping brands and manufacturers eliminate harmful processes, reduce water and chemical consumption, and improve productivity.

As part of its Mission Zero vision, Jeanologia is now extending its expertise beyond garment finishing to accelerate textile circularity, developing industrial solutions for water reuse, textile recycling and the transition towards a waste-free industry.

About Looptworks

Looptworks is a Certified B-Corp textile-to-textile recycling specialist offering innovative, scalable solutions for brands and organisations world-wide. Based in Gresham, Oregon, Looptworks is the first and only GRS certified, recycling company in the United States equipped with a circular system capable of processing multiple types of materials into a range of finished spinning and nonwoven fibre products. The Looptworks facility is fully operational, and features a unique technology that transforms pre-and post-consumer textiles into high-quality recycled fibres.

Our process starts where others end.