Operational Update for the Quarter Ended 31 March 2025

 

(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 975)


HONG KONG, April 16 (Bernama-GLOBE NEWSWIRE) -- The board of directors (the “Board”) of Mongolian Mining Corporation (the “Company”, together with its subsidiaries, collectively the “Group”) wishes to announce the unaudited operational update for the quarter ended 31 March 2025. The comparative figures for the quarter ended 31 March 2024 and the quarter ended 31 December 2024 are also disclosed in this announcement (if and as applicable).

The Company is the largest internationally listed private mining company with operations focused on and located in Mongolia. The Group has consolidated a diversified business portfolio to develop and operate coking (metallurgical) coal, gold, copper, and other non-ferrous metals mining assets in southern and western regions of Mongolia.

Coking (metallurgical) coal operations

Energy Resources LLC (“ER”), the Group’s wholly-owned subsidiary, operates Ukhaa Khudag (“UHG”) coking coal mine and Khangad Exploration LLC (“KEX”), the Group’s majority-owned subsidiary, operates Baruun Naran (“BN”) coking coal mine, both located in Umnugobi aimag (province), Mongolia. The Group is the largest producer and exporter of washed coking coal products in Mongolia.

During the quarter ended 31 March 2025, the Group’s run-of-mine (“ROM”) coal mining combined output from UHG and BN mines was 3,673.4 thousand tonnes (“kt”), representing 3% year-on-year (“YoY”) increase and remains unchanged on quarter-on-quarter (“QoQ”) basis as compared to the corresponding periods ended 31 March 2024 and 31 December 2024, respectively.

The Group processed a total of 3,749.5 kt of ROM coking coal to produce 2,110.0 kt of washed coking coal products, representing 2% YoY decrease compared to the corresponding period ended 31 March 2024 and 1% QoQ increase compared to the previous quarter ended 31 December 2024.

The Group’s operating subsidiaries ER and KEX sold a total of 1,600.4 kt of washed coking coal products in the first quarter of 2025, whilst washed coking coal product mix supplied by the Group to its customers was as follows: (i) 1,079.4 kt of washed hard coking coal; (ii) 72.2 kt of washed semi-soft coking coal; and (iii) 448.7 kt of washed mid-ash semi-hard coking coal. This represents 3% YoY decrease compared to the corresponding period of 2024 and 15% QoQ decrease compared to the previous quarter ended 31 December 2024.

The main operational data for coking (metallurgical) coal operations summarised and shown below in Table 1 are all rounded and derived from the internal records of the Group and are intended to give investors an overview of the Group’s operations in a timely manner and may differ from the data disclosed in periodic reports of the Company.

Table 1. Main operational data for the quarter ended 31 March 2025:

		The quarter ended 31 March	The quarter ended 31 March	YoY change		The quarter ended 31 December	QoQ change
Item	Unit	2025	2024	(%)		2024	(%)
ROM coal mined	kt	3,673.4	3,563.7	+3%		3,684.5	0%
ROM coking coal processed	kt	3,749.5	3,694.6	+1%		3,947.8	-5%
Washed coking coal produced	kt	2,110.0	2,161.7	-2%		2,085.6	+1%
Washed coking coal sold	kt	1,600.4	1,650.3	-3%		1,886.1	-15%

Gold and metals operations

The Group is 50% equity holder of Erdene Mongol LLC (“EM”), which is currently developing Bayan Khundii (“BKH”) gold mine located in Bayankhongor aimag (province), Mongolia, and gold production is expected to commence in the second half of 2025.

The Group has continued with project development to advance construction work at the BKH mine, which has an expected life of mine total production of 476 thousand ounces (“Koz”) of recovered gold according to the updated feasibility study prepared in 2023 in accordance with NI 43-101 reporting standards.

During the quarter ended 31 March 2025, EM continued to advance construction work for gold processing plant and site support facilities, including power, heat and water supply infrastructure, laboratory, warehouse, chemicals and blasting materials storages, office and accommodation camp. The construction work progress reached around 86.5% by the end of the first quarter of 2025 according to the project development schedule. The commissioning process is expected to start within the second quarter of 2025.

On 11 December 2024, the Company and Mongolian Mining Corporation Pte. Ltd (a wholly owned subsidiary of the Company), entered into an agreement to purchase 50.5% of the issued and outstanding share capital of Universal Copper LLC (“UCC”), a company engaged in the exploration of copper and other non-ferrous metals and holds minerals exploitation special permits located in Bayankhongor aimag (province), Mongolia. Subsequently, upon closing on 11 March 2025, UCC became a subsidiary of the Company.

Important notice

The aforesaid operational data are not an express or implied forecast or guarantee in respect of the Company’s future operating conditions.

In addition, various factors may affect results, including (but not limited to) force majeure events, changes in market conditions and regulatory interferences, as such material differences may exist in the operational data published from quarter to quarter.

Investors should note that undue reliance on or use of the above information may cause investment risks.

For and on behalf of the Board
Mongolian Mining Corporation
Odjargal Jambaljamts
Chairman

As at the date of this announcement, the board of directors of the Company consists of Mr. Odjargal Jambaljamts and Dr. Battsengel Gotov, being the executive directors of the Company, Mr. Od Jambaljamts, Ms. Enkhtuvshin Gombo and Mr. Myagmarjav Ganbyamba, being the non-executive directors of the Company, and Dr. Khashchuluun Chuluundorj, Mr. Unenbat Jigjid, Mr. Chan Tze Ching, Ignatius, Ms. Delgerjargal Bayanjargal and Dr. Tsend-Ayush Tuvshintur, being the independent non-executive directors of the Company.

^{Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.}

Enquiries:

Strategic Financial Relations Limited

Cindy Lung
+852 2864 4867
cindy.lung@sprg.com.hk

Rachel Ko
+852 2114 2370
rachel.ko@sprg.com.hk

Carlos Chen
+852 2864 4847
carlos.chen@sprg.com.hk


SOURCE : Mongolian Mining Corporation

TRINITY GROUP UNVEILS TRINITY SENSORIA 'BELI & MENANG' CAMPAIGN

 

_{Trinity Sensoria redefines urban living with a five-tier protection system, setting a new benchmark for wellness and safety in modern spaces.} 

Win Prizes Worth Up to RM3 Million!
 
KUALA LUMPUR, 7 April (Bernama) -- Trinity Group, a leading property developer, has launched its 'Beli & Menang' Campaign to thank homebuyers for their continued support and make homeownership even more rewarding.
 
Running from 1 April to 30 June 2025, the campaign offers new homeowners at Trinity Sensoria the chance to win exclusive prizes worth up to RM3 million. It also helps alleviate the financial burden of furnishing their new dream homes.
 
Dato’ Neoh Soo Keat, Founder and Managing Director of Trinity Group Sdn Bhd said, “At Trinity Sensoria, we believe a home is a sanctuary, not just a place to live. Through Trinity’s ‘Beli & Menang’ Campaign, we’re not only providing high-quality homes but also enriching the living experience by easing the financial burden of furnishing. We want our homeowners to settle in with ease, enjoy their space from day one, and celebrate their new journey with the chance to win furnishing prizes.”
 
Exclusive Prizes Worth RM3 Million
Homebuyers who purchase a unit at Trinity Sensoria between April and June 2025 will automatically be entered into the lucky draw. The prize pool includes premium items such as:
• HABIB Gold Bars
• Bosch Oven with Microwave
• Gintell Massage Chair
• LG Refrigerator
• Recliner Sofa
• 65-inch Sony TV
• Robot Vacuum Cleaner
• Dyson Air Purifier
• Cash Prizes
 
A Rewarding Living Experience
Trinity Sensoria, located in Beverly Heights, Ampang North, offers a perfect blend of comfort, security, and style. Launched in November 2024, the development features a Five-Tier Protection System that integrates contactless technology, wellness-oriented design, and physical, social, and mental wellness amenities.
 
The development also boasts exceptional facilities, including an infinity pool, pickleball courts, a mini futsal court, an edible garden, an outdoor cinema, Himalayan salt sauna, hydrotherapy pods, a gym, a multi-purpose hall, and a spa villa. These features create a peaceful environment surrounded by lush greenery.
 
Homeowners also benefit from the Trinity Gold Assurance Programme, offering extended warranties and superior after-sales support. This initiative ensures high-quality living while providing lasting value, reinforcing Trinity Group’s commitment to long-term investment and security.
 
Your Dream Home Awaits
Trinity Sensoria, slated for completion in 2028, is by Trinity Group, a recognised leader in delivering exceptional residential properties.
 
Don’t miss the chance to own a home at Trinity Sensoria and enter the ‘Beli & Menang’ Campaign for a chance to win amazing prizes.
 
Visit the Trinity Sensoria Sales Gallery in Ampang for more details or register your interest via WhatsApp at +60 3-8084 0808. For more information, visit www.sensoria.com.my or follow Trinity Group on social media.
 
SOURCE: Trinity Group Sdn Bhd

Bitget Expands Institutional Lending Services to Support All Spot Trading Pairs

VICTORIA, Seychelles, April 2 (Bernama-GLOBE NEWSWIRE) -- Bitget, the leading cryptocurrency exchange and Web3 company, announced a major upgrade to its Institutional Lending service, enabling institutional clients to borrow funds for trading across all spot trading pairs available on the platform. This strategic enhancement empowers institutional users with greater flexibility and capital efficiency as they explore diversified trading strategies.

The Institutional Lending program offers customized loan packages for professional clients, allowing them to access large-scale liquidity with competitive interest rates. With the latest upgrade, borrowed assets can now be applied to over 800 listed spot tokens on Bitget, significantly expanding the scope of trading and hedging opportunities.

“Institutions play a crucial role in enhancing the liquidity and stability of the crypto market. Expanding our reach among institutional traders is one of Bitget’s core strategies for 2025,” said Gracy Chen, CEO of Bitget. “To navigate the fast-paced nature of crypto, institutions need flexible, scalable, and efficient access to capital. By extending our lending support to all spot pairs, we’re removing operational barriers and empowering institutions to execute sophisticated strategies, hedge risks, and seize opportunities without limitations on asset coverage.”

Bitget offers a seamless and secure institutional lending process. Clients can apply directly through Bitget’s institutional portal, where customized credit lines and terms are determined based on individual profiles and trading history. Currently, Bitget supports USDT as the lending currency, with over 50 types of collateral assets accepted, including BTC, ETH, and USDC. The maximum leverage available is 5x, with loan terms of up to 12 months. In the coming months, Bitget will also expand institutional lending support to include derivatives trading.

This move follows Bitget’s broader commitment to serving institutional clients with world-class infrastructure. Earlier this year, the platform rolled out dedicated OTC services and upgraded custodial solutions in collaboration with licensed partners such as Cobo and Fireblocks, aiming to create a full-stack institutional offering.

More details on Bitget’s Institutional Lending program, will be shared shortly.

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet 

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3f9cc1c0-7a38-4b1c-a1c1-834b8c6a6921

DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article. 

SOURCE: Bitget Limited

--BERNAMA 

BEST’S COMMENTARY: AI MODEL DEEPSEEK COULD IMPROVE OPERATING EFFICIENCY AMONG CHINA’S INSURERS, ALBEIT WITH RISKS

 

HONG KONG, March 24 (Bernama-BUSINESS WIRE) -- The use of the artificial intelligence model DeepSeek among mainland China insurance companies has the potential to help small to medium-sized carriers improve operational efficiencies. Overall, according to its new commentary, AM Best views the use of DeepSeek as being credit neutral for China’s insurance industry over the short term.

Several of China’s insurers have announced the deployment of DeepSeek for their operations. In its Best’s Commentary, “DeepSeek Could Improve Operating Efficiency of Mainland China Insurers, Albeit with Risks,” AM Best states that it remains optimistic about the opportunities and risks arising from AI technology and views the potential impact of DeepSeek on the country’s insurance industry as being credit neutral.

“DeepSeek could help China’s smaller insurers become more competitive and narrow the technology gap between them and larger players,” said Lucie Huang, senior financial analyst, AM Best. “Other positives for companies’ business profiles could include higher revenue growth, improved data analytics and better customer experience.”

However, the commentary also notes that DeepSeek could have a negative impact on insurers’ ERM. The carriers that fail to identify risks associated with AI models or fail to build appropriate risk frameworks may see a negative impact on their business, particularly with regards to regulatory risk, execution risk and model risk.

The use of DeepSeek also could have a mixed impact on insurers’ operating performance, as significant spending on systems, talent or processes without tangible results could dampen performance. “Outcomes will largely depend on insurers’ ability to allocate resources strategically and in proportion to their operational scale and financial capacity,” said Huang. “Insurers that successfully execute their innovation strategies and manage the balance between short- and long-term profitability will be better positioned from a credit perspective.”

To access the full copy of this commentary, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=352374.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20250323195675/en/

Contact

Lucie Huang
Senior Financial Analyst
+852 2827 3414
lucie.huang@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Cynthia Ang
Senior Industry Research Analyst
+65 6303 5026
cynthia.ang@ambest.com

Source : AM Best

TELEDYNE UNVEILS TETRA LINE SCAN CAMERA FOR COST-SENSITIVE APPLICATIONS

KUALA LUMPUR, March 21 (Bernama) -- Teledyne DALSA, a Teledyne Technologies company and global leader in machine vision, has unveiled the new Tetra line scan camera family for cost-sensitive applications.

Designed for a wide range of machine vision applications, Tetra leverages Teledyne’s latest multiline CMOS image sensor technology and builds on the success of the original Linea series of high-value line scan cameras.

According to Teledyne DALSA in a statement, the Tetra camera family offers a high performance-to-cost ratio through its 2.5 GigE Vision interface, which ensures highly reliable data transmission over long cable lengths.

Available in 2k, 4k, and 8k resolutions with a line rate of up to 150 kilohertz (kHz), the camera comes in both monochrome and colour versions, with power consumption under six watts.

The monochrome models deliver excellent image quality with options for single monochrome or dual-line HDR mode, while the colour models provide true red, green, and blue colours without any data interpolation.

Tetra includes essential line scan features such as multiple regions of interest, programmable coefficient sets, and power over internet, in which its 2.5 GigE Vision interface makes it ideal for applications such as electronics inspection, optical sorting, and packaging inspection.

The Tetra line scan camera family will be showcased at Vision China, Shanghai, from March 26 to 28.

-- BERNAMA

EXTENDED VERSION OF AMTD’S THE LAST DANCE MOVIE TO RELEASE ON APRIL 4

KUALA LUMPUR, March 19 (Bernama) -- AMTD Group Inc (AMTD), alongside World Media and Entertainment Universal Inc (WME), a subsidiary of the group under AMTD Digital, jointly announced that AMTD’s latest movie, "The Last Dance: Extended Version", will be released to the public on April 4.

The extended version of The Last Dance will feature an additional 15 minutes of footage, including new scenes with acclaimed actors Kaki Sham and Vincent Kok, as well as additional scenes of Catherine Chau and Dayo Wong.

According to a statement, the additional footage enriches the story by delving deeper into the family background issues faced by Wong's character, Dominic Ngai.

As of the date of the announcement, the movie has achieved a global box office of US$50.7 million, becoming the highest-grossing Chinese-language film ever in Hong Kong history. (US$1=RM4.44)

Continuing to enjoy widespread acclaim following its original release in November last year, The Last Dance is also a clear front runner for various international film festivals, including 18 nominations in the 43rd Hong Kong Film Awards, the 18th Asian Film Awards; and the Hong Kong Film Directors' Guild Awards.

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality areas.

Meanwhile, jointly established by AMTD Group, AMTD IDEA Group, and AMTD Digital Inc, World Media and Entertainment focuses on global strategies and developments in multimedia, entertainment, and cultural affairs worldwide.

-- BERNAMA

HONG KONG SUPER MARCH HEATS UP WITH 2025 SEVENS AT ICONIC KAI TAK STADIUM

KUALA LUMPUR, March 19 (Bernama) -- Hong Kong Super March is in full swing, with 10 world-class events across sports, art, culture, and entertainment taking over the city this month.

The most anticipated event is the Cathay/HSBC Hong Kong Sevens 2025, scheduled from March 28 to 30 at the newly inaugurated Kai Tak Sports Park, according to the Hong Kong Tourism Board (HKTB) in a statement.

This year’s tournament marks a thrilling new chapter for the Hong Kong Sevens as it moves to the state-of-the-art, 50,000-seat Kai Tak Stadium, which opened its doors on March 1. The new venue promises to elevate the fan experience to new heights and reinforce Hong Kong’s status as a global hub for major events.

The Hong Kong Sevens will feature cutting-edge technology and increased capacity, providing fans with an unforgettable experience. The stadium is equipped with a retractable roof and an innovative bowl cooling system to ensure comfort for everyone, while The Champion sports bar, one of Asia's largest, offers an exciting atmosphere and a full Sevens experience.

Returning to the Sevens is the legendary South Stand, which is now bigger and better than ever. The upgraded South Terrace, featuring a panoramic glass wall with views of Victoria Harbour, provides a thrilling viewing experience. Fans can also enjoy free-flowing drinks with the South Stand SuperPass, available on a first-come, first-served basis.

This year’s Sevens will not only feature intense rugby action but also a spectacular entertainment lineup, including live performances by British rock band Kaiser Chiefs, DJ Pete Tong, and Italian singer GALA. The event will also feature a mesmerising laser and pyrotechnic show that promises to make the opening and closing ceremonies the biggest yet.

Beyond rugby, Kai Tak Sports Park offers a wealth of entertainment options. The nearby Kai Tak Mall boasts over 200 retail outlets and nearly 70 dining options, ideal for post-game relaxation.

Hong Kong Super March continues with other exciting events, including Art Basel Hong Kong, Art Central, and the international ComplexCon. Visitors can take advantage of over 160 deals across dining, attractions, and hotels.

-- BERNAMA

YeaH1 Group Reality Show Revolutionises Vietnam's Entertainment Industry

KUALA LUMPUR, March 14 (Bernama) -- In alignment with the Vietnamese government's directive to boost the cultural and creative industries, YeaH1 Group's reality music show, titled "Anh Trai Vuot Ngan Chong Gai", has emerged as a transformative force in the country’s entertainment sector.

An adaptation of MangoTV’s Call Me By Fire, this Vietnamese version became Vietnam Television’s highest-rated programme in 2024, topping YouTube’s trending charts, marking a significant leap towards establishing a globally recognised cultural industry that embraces innovation, nurturing talent, and meeting international standards.

Bringing together 33 distinguished men over the age of 30—including prominent figures in music, dance, film, sports, and photography—the show has transcended traditional reality competitions to become a cultural and social movement, according to a statement.

Through its innovative production, it has revitalised traditional Vietnamese art forms such as "Cheo" and "Cai luong", making the heritage more accessible to modern audiences, with one emotionally resonant performance contributing to raising funds for over 100 life-saving heart surgeries.

The show has set new standards in production quality, staging, and lighting, rivalling international counterparts, and has also reignited a passion for Vietnamese music among younger audiences, creating a new wave of music fandom.

With record-breaking television ratings and sweeping multiple national awards, the programme has garnered critical acclaim from industry experts and audiences alike and has been acknowledged by Vietnam’s Prime Minister, reflecting the government’s commitment to fostering a sustainable cultural industry.

Beyond television, the show has left a profound economic impact on Vietnam’s live entertainment sector. Concert tickets for four nights sold out within 90 minutes, with over 140,000 fans expected to attend—setting an industry record.

The programme has also spurred fan-led activities, charitable initiatives, and boosted related sectors such as tourism and advertising. On March 22, at Concert Day 3 in Ho Chi Minh City, fans will attempt to set a Guinness World Record for the Largest Gathering of People Wearing Traditional Vietnamese Clothing, further cementing its role in cultural preservation.

Further amplifying its influence, “Anh Trai Vuot Ngan Chong Gai - The Movie” will offer a cinematic tribute to the production team and participants. The documentary will capture raw and heartfelt moments, preserving the spirit of the show while contributing to the evolution of Vietnam’s entertainment industry.

As Vietnam accelerates efforts to build a dynamic entertainment sector, the show serves as a testament to how strategic investments, artistic excellence, and cultural preservation can enhance the nation’s global presence.

-- BERNAMA

GRADIANT WINS SECOND SEMICONDUCTOR WATER TREATMENT PROJECT IN DRESDEN AS H+E FULLY INTEGRATES UNDER ONE BRAND

 

Gradiant, a global leader in advanced water and wastewater treatment, announced a major contract to design and build an ultrapure water (UPW) facility for one of the world’s largest semiconductor manufacturers in Dresden, Germany. (Graphic: Business Wire) 

BOSTON, March 12 (Bernama-BUSINESS WIRE) -- Gradiant, a global leader in advanced water and wastewater treatment, today announced a major contract to design and build an ultrapure water (UPW) facility for one of the world’s largest semiconductor manufacturers in Dresden, Germany. This marks Gradiant’s second major semiconductor water treatment project in the city, reinforcing its position as the partner of choice for mission-critical water infrastructure in the world’s most advanced industries.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250311613693/en/

The project will be led by Gradiant’s Germany-based team, supported by its global process and project delivery experts in the United States, Taiwan, and Singapore. The new semiconductor manufacturing plant serves a key role in strengthening Europe’s semiconductor supply chain to meet the region’s growing demand for advanced chips.

In parallel, Gradiant announced the full integration of H+E into the Gradiant brand. The transition unites H+E’s century-long legacy in ultrapure and industrial water treatment with Gradiant’s advanced technology portfolio, solidifying Gradiant’s position as the premier provider of sustainable water solutions worldwide.

Since joining Gradiant in October 2023, H+E has signed and delivered several cutting-edge plants for essential industries. By creating strategic and operational synergies, bolstering financial strength and expanding the technology portfolio, Gradiant has been the ideal foil for H+E's rapid growth.

Over the past 18 months, the companies have successfully combined H+E’s engineering expertise in Europe with Gradiant’s differentiated solutions in water and wastewater treatment, PFAS removal and destruction, resource recovery of lithium and critical minerals, and green hydrogen production. The integration reflects Gradiant’s commitment to delivering a seamless client experience while accelerating the adoption of innovative and sustainable water technologies to all corners of the world.

"Water is the lifeblood of every major industry. The transition of H+E to Gradiant is a natural step in our journey to elevate water for the world’s essential industries," said Prakash Govindan, COO of Gradiant. "By uniting under one identity, we create greater potential to serve our customers with an unmatched portfolio of advanced technologies, end-to-end water solutions, and global expertise."

The transition will be fully completed by April 1, 2025, with all H+E operations and communications aligning under the Gradiant identity. Clients will continue to receive the same high-quality service from their trusted teams, backed more than ever, by Gradiant’s global network of expertise and resources.

This milestone underscores Gradiant’s leadership in delivering mission-critical infrastructure for the most advanced industries – at a global scale – and demonstrates its ability to create exponential value through strategic acquisitions.

About Gradiant

Gradiant is a Different Kind of Water Company. With a full suite of differentiated and proprietary end-to-end solutions for advanced water and wastewater treatment powered by the top minds in water, the company serves its clients' mission-critical operations in the world's essential industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy. Gradiant's innovative solutions reduce water used and wastewater discharged, reclaim valuable resources, and renew wastewater into freshwater. The Boston-headquartered company was founded at MIT and has over 1,200 employees worldwide. Discover us at gradiant.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250311613693/en/ 

Contact

Corporate
Felix Wang
Gradiant, Global Head of Brand
fwang@gradiant.com 

Source : Gradiant

--BERNAMA

XSOLLA LAUNCHES LOYALTY AS A SERVICE FOR GAME DEVELOPERS TO BUILD STRONGER CONNECTIONS WITH PLAYERS

 

^{Graphic: Xsolla}


Empowering Developers With Tools To Boost Retention, Increase Revenue, And Foster Deeper Engagement On Their Terms


LOS ANGELES, March 12 (Bernama-BUSINESS WIRE) -- Xsolla, a leading global video game commerce company, announces the launch of an innovative, customizable loyalty as a service solution designed to help developers seamlessly integrate rewards into their games’ purchase flows. This solution empowers developers to increase LTV and convert more non-paying players by enabling them to earn and redeem points, boosting engagement, retention, and recurring revenue while requiring minimal setup. The developers’ loyalty programs can be set up across direct-to-consumer stores, web shops, and Xsolla Pay Station for a seamless checkout experience for players.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250311773400/en/ 

Unlike programs offered by third-party platforms, Xsolla’s solution ensures developers retain complete control over user data and relationships while providing expert guidance and best practices to maximize efficiency. The program is fully customizable, allowing developers to tailor loyalty point titles, icons, and configurations to align with their games’ brand identity and player behavior.

Developers can create programs suited to their unique goals with features such as:

• Cashback Rewards: Offer players a percentage of their purchases as cashback points for discounts on future purchases
• Loyalty Points: Sell items players can exclusively redeem using points seamlessly integrated into direct-to-consumer platforms, like web shops, for mobile, PC, and web games
• Cross-Title Loyalty Programs: Publishers with multiple games can drive cross-marketing efforts by rewarding players across their entire catalog
• Tier-Based Rewards: Encourage players to reach spending milestones with rewards such as discounts, content, or personalized welcome gifts

These features ensure players can redeem loyalty points for discounts, exclusive content, or partial payments, creating a seamless and rewarding experience.

“While platforms are focused on building and maintaining their relationships with games, Xsolla is giving developers the tools to create personalized loyalty programs for direct-to-consumer journeys,” said Chris Hewish, Chief Strategy Officer at Xsolla. “It enables developers to drive player retention, increase revenue, and build stronger player relationships—all while maintaining complete control over the loyalty program mechanics.”

The Loyalty as a Service solution is designed to be easy to integrate via the Xsolla Publisher Account, eliminating the need for coding and accelerating time-to-market. Developers already accepting payments with Pay Station are offered a one-click experience to launch the solution for their stores, in-game or in-app.

For more information or to sign up for a Publisher Account, visit: xsolla.pro/rws25las

About Xsolla

Xsolla is a leading global video game commerce company with a robust and powerful set of tools and services designed specifically for the industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch, and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue, and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in London, Berlin, Seoul, Beijing, Kuala Lumpur, Raleigh, Tokyo, Montreal, and cities around the world.

For more information, visit xsolla.com

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20250311773400/en/

Contact

Media Contact
Derrick Stembridge
Vice President of Global Public Relations, Xsolla
d.stembridge@xsolla.com

Source : Xsolla