Chinmay J. Upadhyat becomes Regional Vice President, South Asia for Nikkiso Clean Energy & Industrial Gases Group

TEMECULA, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, announces that Chinmay J. Upadhyat has joined the Group as Regional Vice President, South Asia region.

Chinmay will be based in Nikkiso Cosmodyne India Private Ltd, their large manufacturing and competence center in Gujarat India.

This important addition to their management team is the result of growth in the market environment and is in line with the objectives of the Industrial Division of Nikkiso to better serve and support their customers in the Southern Asia Market.

Chinmay started his career in 1995 as a Production Engineer with Anup Engineering and Inductotherm India, then served as key account manager for ten years with Dresser Rand India. Since 2008 he has been Regional then Assistant General Manager for Burckhardt Compression India where he was responsible for sales and business development of new machines for the Indian market.

With his broad experience in the CNG, LNG, H2 and industrial gas markets in India, Chinmay will lead the Nikkiso Clean Energy & Industrial Gases sales and service teams in this important region and embark on a mission to deliver market share growth in a sustainable and profitable way.

“Chinmay will be a perfect addition to our management team with his proficiency in business development, equipment, service, aftermarket sales and market knowledge,” according to Emile Bado, Vice President, Sales & Business Development of the Group.

Chinmay has a Mechanical Engineering degree from Government Polytechnic, Ahmedabad, a Bachelor’s in Technology from JNRVD University, Rajasthan and an MBA from Sikkim Manipal University in Manipal.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.

For more information please visit www.cryoind.com and www.nikkiso.com.

MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

Many in China draw parallels between Ukraine and Beijing’s claim on Taiwan

Beijing on Thursday called for restraint following the Russian invasion of Ukraine, but said the movement of troops wasn’t an invasion, and came against “a very complicated historical background.”

“China is closely monitoring the latest situation. We call on all sides to exercise restraint to prevent the situation from getting out of control,” Chinese foreign ministry spokeswoman Hua Chunying told a regular news briefing in Beijing.

“This is perhaps a difference between China and you Westerners. We won’t go rushing to a conclusion,” she said, adding that countries’ “legitimate security concerns” should be addressed through dialogue.

The Russian attack comes weeks after Putin met with ruling Chinese Communist Party (CCP) general secretary Xi Jinping ahead of the Winter Olympics in Beijing, where the two sides signed a friendship pact aimed at countering U.S. global influence.

Russian forces invaded Ukraine by land, sea and air in the biggest attack by one state against another in Europe since World War II, sending missiles raining down on cities, with columns of troops seen crossing the border from Russia and Belarus, and landing from the Black and Azov seas.

Highways out of the country’s capital, Kyiv, were choked with traffic as people tried to flee the city amid the sounds of explosions, air raid sirens and gunfire.

“Russia treacherously attacked our state in the morning, as Nazi Germany did in the WW2 years,” Ukraine President Volodymyr Zelenskiy said via Twitter on Thursday.

“Russia has embarked on a path of evil, but Ukraine is defending itself & won’t give up its freedom no matter what Moscow thinks,” he wrote, calling on Ukrainians to defend their country.

Putin said he had ordered “a special military operation” to prevent “genocide” in Ukraine – an accusation the West calls absurd propaganda.

“We will strive for the demilitarization and denazification of Ukraine,” Putin said in a speech early on Thursday.

U.S. President Joe Biden has ruled out sending U.S. troops to defend Ukraine but he and other Western leaders promised tough financial sanctions.

‘Let Ukraine be a warning’

Many in China drew an immediate parallel with a putative Chinese invasion of the democratic island of Taiwan, which the CCP lays claim to, despite never having ruled the island of 23 million people.

“Hey, little Taiwan, are you watching?” Weibo user @Ling Ting is in hell but doesn’t forget the world wrote in a comment on a news report on the Russian military action. “Let Ukraine be a warning to you!”

“Taiwan is like, I have an American father and brothers in South Korea and Japan, so I can get military support. Hahahahahahahaha The U.S., South Korea and Japan will just offer sanctions,” @It’s right to like CN people wrote.

@Enthusiastic old citizen HK added: “I hope that the biggest surprise when I wake up tomorrow morning is the return of Taiwan [to the motherland].”

@Qi Bai Xiang North quipped that Taiwanese people will be learning China’s national anthem overnight, while @Liuyiming wrote: “We’re only going to show you this once, so take note, little Taiwan,” and @_alarm number 9527 said the invasion of Ukraine was “a blueprint for taking back Taiwan by force.”

“Little Taiwan is done for,” @Clover 555 concluded.

China’s state-controlled media has been ordered to use only news reports approved by the CCP’s central propaganda department, while social media platforms have been told to moderate comments to ensure that no anti-Russian content is posted.

“They can only use copy from the People’s Daily, Xinhua news agency or CCTV’s news broadcast,” former journalist Zhang Jiayi told RFA.

“Everyone, including celebrity accounts, social media pundits, scholars and the media have to follow official guidelines when expressing their opinions,” he said. “This will influence the judgement formed by the general public.”

“Russia is in the wrong because it has violated humanitarian principles, but the [Chinese government] wants to use this to show the Chinese people that they can do the same in Taiwan; that they can treat Taiwan the same way,” Zhang said.

‘Just a bargaining chip’

Faced with a chorus of commentary, the American Institute in Taiwan issued a statement seeking to reassure people that Washington’s commitment to supporting Taiwan remained unchanged.

Ye Yaoyuan, head of the Department of International Studies and Contemporary Linguistics at St. Thomas University in the United States, pointed out that China is playing a “two-handed” game, and is unlikely to seek to influence any actual restraint on the part of Russia.

“This conflict isn’t … something that China can act as mediator in,” Ye told RFA. “It’s just a bargaining chip [Beijing] can use to bring to the negotiating table with the U.S.”

Another senior media figure told RFA that the majority of people in China believe that the current conflict is the fault of the E.U. and the U.S.

“Official public statements … all say they want a peaceful solution, but the rhetoric will subtly change, to imply that Russia had its hand forced by Western countries,” the person said.

Chinese officials have been quick to fuel nationalistic sentiment in China, calling on Chinese people in Ukraine to identify themselves with bumper stickers on their cars, or with the Chinese national flag.

But an official who answered the phone at the Chinese embassy in Kyiv said no arrangements are currently in place for Chinese nationals who may need help.

“What danger?” the official said. “There aren’t any arrangements at the moment, and the embassy doesn’t have many rooms for Chinese citizens to stay in, not right now.”

An official who answered the consular assistance helpline number at the Chinese consulate in Odessa declined to comment when contacted by RFA on Thursday.

“I’m out right now, can’t talk on the phone,” the official said, before hanging up.

Translated and edited by Luisetta Mudie.

US Navy says team sent to recover downed F-35 fighter jet

One month after an F-35C Lightning II fighter jet crashed on an aircraft carrier in the South China Sea, the U.S. Navy is finally making the first steps to retrieve the plane from the bottom of the sea.

The U.S. Navy 7th Fleet spokesperson confirmed to RFA on Thursday that it has sent a team “to verify the site and recover the F-35C aircraft involved in the Jan. 24 crash aboard USS Carl Vinson.”

Only after the crash site is verified can the recovery process officially begin.

Cdr. Hayley Sims said that the Navy has “embarked personnel … aboard the diving support construction vessel (DSCV) Picasso, which departed Naha, Okinawa [on] Feb. 23.”

The team includes personnel from Task Force 75 (CTF 75), the Naval Sea Systems Command (NAVSEA), and NAVSEA’s Supervisor of Salvage and Diving (SUPSALV), Sims said.

Carl Schuster, a retired U.S. Navy captain and former director of operations at the U.S. Pacific Command’s Joint Intelligence Center, said it would take “three to five days for the Picasso to reach the location from Okinawa, depending on transit speed and sea conditions along the route.”

“The Navy and CTF 75 have spent the last month planning and gathering what they needed,” he said.

CTF 75 specializes in disaster response, expeditionary operations that require specialized skills and equipment, including salvage operations.

The F-35C crashed into the deck of the aircraft carrier USS Carl Vinson and then fell into the water on Jan. 24. A leaked video showed the plane hit the deck then rotated and skidded in flames before sliding off the flight deck and into the sea.

Five Navy personnel are facing charges for leaking the video, deemed official as it was taken from the pilot’s landing aid television on the aircraft carrier.

A photo widely circulated on social media shows the F-35C jet in the sea after its crash while attempting to land on the USS Carl Vinson on Jan. 24, 2022. The U.S. 7th Fleet verified the photo.
A photo widely circulated on social media shows the F-35C jet in the sea after its crash while attempting to land on the USS Carl Vinson on Jan. 24, 2022. The U.S. 7th Fleet verified the photo.

High-tech deep-diving support vessel

Last month the Japanese Coast Guard’s Hydrological and Oceanographic Department issued a navigation warning for salvage operations to be carried out in northern part of the South China Sea “until further notice.”

A navigation warning is a public advisory notice to mariners about changes to navigational aids and current marine activities or hazards including fishing zones and military exercises.

The operations are believed to be for the crashed F-35C and the navigation warning is still in effect.

It would take weeks if not months, and millions of dollars to recover the state-of-the-art stealth fighter jet, experts said.

The crash is listed as “Class A mishap” – an incident either “involving loss of life or permanent disability, or the complete loss of an aircraft or property damage of $2.5 million or more,” according to the U.S. Navy.

The vessel contracted by the U.S. Navy for the operation, DSCV Picasso, is a high-tech, deep-diving support vessel built and operated by Singapore-based Ultra Deep Solutions.

Picasso can carry deep-diving underwater unmanned vehicles to do the survey work.

Colliers recognized among top three commercial real estate brands by Lipsey survey

Ranking reflects strength of global brand and platform

TORONTO, Feb. 24, 2022 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company Colliers (NASDAQ, TSX: CIGI) has been named one of the top three global brands in commercial real estate by The Lipsey Company for the fifth consecutive year. Colliers’ ranking reflects the strength of the company’s global brand, platform, and continued industry leadership.

“We take great pride in seeing our achievements acknowledged once again, especially by the industry professionals and clients who participated in the Lipsey survey,” said Becky Finley, Chief Brand & People Officer | Global. “The launch of our updated brand visual identity last year has helped us drive recognition, consistency and collaboration across borders. It also reflects our enterprising mindset as we continue to accelerate the success of our clients and investors.”

The Lipsey Company is an international leader in training and consulting for the commercial real estate industry. Celebrating its 21st year as the industry standard for commercial real estate brand recognition, the survey uses a combination of ballots, focus groups, and interviews to establish its rankings. View the full 2022 survey results here.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 64 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.1 billion and more than $50 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Media Contact:
Andrea Cheung
Global Manager, Communications
Andrea.cheung@colliers.com
416-324-6402

UCOLLEX Raises Series A Round Led by Animoca Brands With the Participation of MCP IPX One Fund

NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) — UCOLLEX, an innovative NFT platform focused on art and pop culture collectibles, today announced it has successfully completed a US$10 million Series A funding round led by Animoca Brands and MCP IPX One Fund (“IPX Fund”), which was established by MCP Asset Management (Japan), Inc.

UCOLLEX is creating the next-generation creators’ platform that makes NFTs available to everyone, helping creators build their fanbase economy with the best-of-class technology and community — shaping a world where fans can engage with the creator’s metaverse.

Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 150 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse.

The IPX Fund’s investors include Kodansha Ltd. and Nishi-Nippon Railroad, as well as institutional investors from Japan and overseas including Sumitomo Mitsui Trust Bank, Limited.

The raise will enable UCOLLEX to invest extensively in blockchain technology and establish metaverse frontiers, creating exciting NFT experiences for pop culture communities. With this expansion, UCOLLEX aims to increase its visibility and presence across the worlds of anime, manga, and toy communities. UCOLLEX’s aim of true interoperability and the strong pipeline of high-quality collaborations and IPs under development indicates an exciting future for digital collecting and culture.

Robert Tran, the founder of UCOLLEX, said, “With the market demand for NFTs skyrocketing in 2021 and the NFT trade volume reaching US$25 billion, more and more creators are seeking opportunities to use NFTs and Web 3.0 to increase their exposure. UCOLLEX is closing the loop between creators and collectors, providing a world where collectors can feel at home and live their passion for collecting through the best 3D art and innovative VR experiences.”

Yat Siu, the executive chairman and co-founder of Animoca Brands, commented, “We are pleased to lead this investment which we believe will make it easier for intellectual properties to participate in the open metaverse. The team at UCOLLEX is using blockchain technology to close the loop between creators and collectors.”

About UCOLLEX

UCOLLEX is the next-generation creators’ platform that wants to make NFTs available to everyone, backed by Animoca Brands: a leader in digital entertainment specializing in blockchain and AI technologies. We aim to help creators build their fanbase economy with the best-of-class technology and community, shaping a world where fans can engage with the creator’s metaverse. UCOLLEX provides a world where collectors can feel at home and live their passion for collecting through exclusive content, interviews with artists, the best 3D art, and innovative VR experiences. Official web page: https://www.ucollex.io/.

Media Enquiries
Ucollex International Limited
Davide Santillo
+852 6531 2482
davide@ucollex.io

This content was issued through the press release distribution service at Newswire.com.

 

Standard Lithium and Lanxess Finalize Plan for First Commercial Lithium Project in Arkansas

VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE.A: SLI) (FRA: S5L), an innovative technology and lithium project development company, has reached an agreement (the “Agreement”), dated February 23, 2022, with its strategic partner, LANXESS Corporation (“Lanxess”), that streamlines and expedites the plan for development of the first commercial lithium project in Arkansas, which is to be constructed at an operational Lanxess facility in El Dorado, Arkansas (the “Project”). Under the Agreement, Standard Lithium will control all development of the Project leading up to and including the completion of the Front End Engineering Design (“FEED”) study. Standard Lithium will hold, at a minimum, a 51% majority equity stake in the Project and may retain as much as 100% of the Project. The Company will also retain 100% ownership of its South West Arkansas Project, all its proprietary extraction technologies, relevant intellectual property and know-how.

Robert Mintak, CEO of Standard Lithium commented, “This agreement builds upon the successful working relationship that has been established between the companies. By entering into this Agreement, Standard Lithium takes ownership of the Project and its development timelines with a clear path towards delivering the first new commercial lithium production in the USA in over 50 years.1 We have already begun the process of engaging and integrating the strategic team members to make this project a success.  With the recent investment from our largest shareholder, Koch Strategic Platforms, we are fully funded to complete all planned Project milestones leading to a Definitive Feasibility Study, which is expected to be completed in Q4 2022”.

Key Highlights:

  • Standard Lithium will form an initially wholly-owned company (“Project Company”) that owns 100% of the Project during pre-FEED and FEED engineering studies (see news release dated January 20th, 2022). The FEED engineering will be used to produce a NI43-101 Definitive Feasibility Study (“DFS”) in Q4 2022;
  • Lanxess will, via a series of commercial agreements, provide the brine supply for the Project, the Project site lease, and rights of way, infrastructure, and other services for the Project;
  • Standard Lithium will provide a market fee-based license to the Project Company of its suite of intellectual property;
  • Standard Lithium is able to utilize its intellectual property, extraction technology and know-how at its 100% owned South West Arkansas Project, certain other sites in Arkansas and at all project sites outside of Arkansas, and will maintain control and ownership over the future development of its IP portfolio; and,
  • Lanxess is obliged to support development of the Project and upon completion of a DFS, has the option to acquire an equity interest in the Project Company of up to 49% and not less than 30%, at a price equal to a ratable share of SLL’s aggregate investment in the Project Company.

If Lanxess acquires an ownership interest:

  • The parties will share the costs of financing construction of the Project on a ratable basis; and,
  • Lanxess will have the right to acquire some, or all of the lithium carbonate off-take produced at the commercial plant at market-based terms less a handling fee.

If Lanxess does not acquire an ownership interest:

  • Standard Lithium will own 100% of the Project including customary dividends, distribution, or similar rights;
  • Standard Lithium can elicit bids from other interested parties to buy up to 49% of the Project Company; and,
  • Lanxess will have the right to acquire some, or all of the lithium carbonate off-take produced at the commercial plant at a price of market minus up to 20%, to be agreed by Lanxess and Standard Lithium and taking into consideration several key commercial agreements (including the costs of brine supply and disposal for the Project, the Project site lease cost and rights of way, infrastructure, and other services for the Project).

The parties have also agreed that development of the second and third projects on the Lanxess properties will be on a joint basis and that the parties will perform the same roles using similar contractual structures as the first Project. Lanxess will also have the right to purchase the lithium carbonate off-take from the additional projects upon market-based terms to be agreed by Lanxess and Standard Lithium, taking into consideration other commercial agreements required for their development (e.g. site leases, brine supply/disposal etc.).

Advisors
Stifel Nicolas Canada Inc. acted as financial advisor to Standard Lithium during negotiation of this Agreement.

About Standard Lithium Ltd.
Standard Lithium is an innovative technology and lithium development company. The Company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The Company operates its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess’s south plant facility in southern Arkansas. The demonstration plant utilizes the Company’s proprietary LiSTR technology to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The Company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwest Arkansas, referred to as the South West Arkansas Lithium Project, and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.

Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at http://www.standardlithium.com.

On behalf of the Board of Standard Lithium Ltd.
Robert Mintak, CEO & Director

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

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to expected development of the Project and future phases, the timeline for completion of the DFS, negotiation of definitive documentation with Lanxess, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

1 See https://pubs.usgs.gov/periodicals/mcs2021/mcs2021-lithium.pdf

For further information contact:

LHA Investor Relations
David Barnard
+1 415-433-3777
standardlithium@lhai.com
info@standardlithium.com
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/