Category: South Africa

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DriveWealth Partners with Fintech Unicorn Chipper Cash to Bring First-Time Access to U.S. Equities in Uganda

DriveWealth technology democratizes U.S. investment opportunities for Ugandan population

JERSEY CITY, N.J., Nov. 11, 2021 /PRNewswire/ — DriveWealth, LLC, a pioneer in fractional investing and embedded finance, today announced a partnership with Chipper Cash, the fastest growing African fintech startup enabling peer-to-peer money transfers and cross-border payments for nearly four million users. DriveWealth’s real-time fractional trading technology and API-based brokerage infrastructure will enable the Ugandan population to gain affordable access to investing in U.S. equities for the first time.

DriveWealth

Approximately 66% of Sub-Saharan Africa’s population did not have access to a bank account in 2020, according to the World Bank. While Africa’s large unbanked population has increasingly turned to technology to help create a more inclusive financial system, investing in the U.S. stock markets required high minimums and was only accessible for high networth individuals, leaving much of the Ugandan population without access. Through its partnership with DriveWealth, Chipper Cash is empowering everyday investors in Uganda with safe and affordable access to the U.S. stock market for the first time. Users will now be able to invest on a dollar equivalent basis (i.e. fractional shares) in over 6,000 U.S. securities and ETFs, allowing consumers to invest with no minimum requirements.

“Equipping underserved investors with the tools they need to break down the barriers to investing is a critical step towards democratizing investing worldwide,” said Bob Cortright, founder and CEO of DriveWealth. “What Chipper Cash has been able to accomplish in its few short years is helping Africans to access a range of financial services inexpensively from their phones. We’re thrilled to partner with Chipper Cash to help investors build long-term wealth by investing in U.S. stocks.”

“We are excited to add investing in U.S. equities to our platform to complement our initial offerings of peer-to-peer transactions and cross-border payments,” said Ham Serunjogi, CEO of Chipper Cash. “Thanks to our partnership with DriveWealth, the U.S. market is now easily accessible to all members of the Ugandan population. This will enable citizens to improve their financial well being and become owners of their financial futures.”

Following the rollout of this offering in Uganda, Chipper Cash plans to provide access to fractional trading in U.S. equities through its partnership with DriveWealth in Nigeria and South Africa.

About DriveWealth
DriveWealth, the pioneer of fractional equities trading and embedded investing, is a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hand. We believe the future is fractional, transactional and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth’s unparalleled consultative support and cloud-based, industrial strength technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. DriveWealth’s commitment to continuous evolution and innovation makes it the partner of choice for powering the future of investing. For more information, please visit drivewealth.com or connect with us on Twitter @DriveWealth.

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Kikitrade announces joint venture with Oxford Frontier to launch a digital asset trading platform targeting the Middle Eastern markets

  • Kikitrade, the cryptocurrency social investment platform, announced a joint venture with the UK-based emerging market specialist Oxford Frontier to launch a digital asset trading platform for the Middle Eastern markets.

HONG KONG, Nov. 11, 2021 /PRNewswire/ — Kikitrade raised a total of $12M in 2021 to accelerate its growth in the APAC markets, backed by investors from the likes of British hedge fund billionaire Alan Howard, Dragonfly Capital and blockchain gaming unicorn Animoca Brands. It progresses forward with an aim to popularise digital assets adoption among everyday people, particularly the Generation Z, millennials and non-finance professionals.

Spearheaded by the UAE and Bahrain, the Middle East region is developing increasingly favorable regulatory regimes for digital assets to attract technology talent and enterprises. With the speedy development of Metaverse and broader acceptance, blockchain-based assets will become an important driver of the next wave of financial technology.

Kikitrade aims to provide a cryptocurrency investment platform and to create an “interactive and educationable” in-app community by integrating social and gaming elements to the platform. Whilst Kikitrade will focus the product and technical development for the retail investors in the countries, Oxford Frontier will secure local licenses and localise the platform with its solid knowledge and network in the Middle East, and expertise in the areas of online trading, capital markets, and blockchain. Kikitrade and Oxford Frontier will deeply synergise after the formation of the joint venture.

Muhammad Ali Khwaja, the CEO of Oxford Frontier, said: “We are encouraged by the regulatory initiatives in the Middle East and we think Kikitrade would be the ideal platform, especially for those investors who are new to digital assets, especially the Generation Z. We are delighted with our partnership with Kikitrade. We will be looking to hire a technology and sales team to accelerate its market expansion.”

Allen Ng, co-founder of Kikitrade, said: “The Middle East has become that provides an outstanding roster of customers with a friendly regulatory environment for digital assets. Kikitrade will extend its product and technical development expertise to set foot in the Middle Eastern markets. We are excited to join Oxford Frontier in this venture which has deep knowledge of fintech businesses and the Middle Eastern markets.”

About Kikitrade

Kikitrade is a social investment platform that allows beginners to purchase and manage digital assets at ease, with a minimum investment amount of just US$1. The company was incubated by Everest Ventures Group (EVG) in 2020, a digital assets group that has participated in many renowned blockchain projects. Kikitrade strives to be the most secure and user-friendly gateway for millennials and first-time investors to start their crypto investments.

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New Research from Cornell University and FreedomPay Reveals Cybersecurity Confidence Gap in Retail, Restaurant and Hospitality Sectors

Despite High Confidence in Their Risk Assessment Capabilities, Study Finds a Third of Companies Have Been Breached, and 89% Have Been Hit Multiple Times

Philadelphia, Pennsylvania, Nov. 11, 2021 (GLOBE NEWSWIRE) –New data released today by Cornell University’s Center for Hospitality Research and FreedomPay, a global leader in data-driven commerce, reveals that while nearly all (96%) surveyed retail, restaurant and hospitality stakeholders are confident in their companies’ internal risk assessment processes, their satisfaction (95%) in the security of their systems is misaligned with reality, as one-third of companies (31%) have experienced a data breach in their company’s history. Of companies that have been breached, 89% have been hit more than once in a year, and 69% of retail businesses have been breached upwards of three times in a year.

Check Please! How Restaurant, Retail and Hospitality Businesses are Managing Cybersecurity Risks – a joint study between Cornell and FreedomPay – is based on a new survey of small, medium, and large-size enterprises across the hospitality, retail, and food and beverage sectors.

“Especially over the past two years, cybersecurity has been top of mind for businesses as we navigate a highly complex eCommerce network,” said Chris Kronenthal, President of FreedomPay. “Retailers and hospitality businesses increasingly view their payments systems as more than transaction processing – they are important sources of data and customer insights. Merchants and consumers alike need the assurance that this data is being protected and managed properly.”

“These findings provide a baseline understanding of how key decision-makers are handling cybersecurity issues and offer key insights for optimizing and fortifying systems as we continue down this path of accelerated digital transformation,” said Professor Linda Canina, the Dr. Michael Dang Director of the Center for Hospitality Research at the Cornell Peter and Stephanie Nolan School of Hotel Administration.

Threats Are Rising, Complexity Abounds

With new cyber threats emerging daily both internally and externally, business leaders are juggling a full slate of concerns and challenges. Threats such as payment integrity (59%) and malware (58%) are the most cited concerns, with risk management (57%) cited as the biggest challenge leaders say their systems face. Companies also fear internal threats, with hospitality companies most frequently citing human error (86%) and lack of employee education (81%) as negatively impacting cybersecurity systems.

Businesses’ best efforts to protect themselves and customers are spurring growing complexity and system proliferation. The findings revealed three-quarters (74%) of companies use more than one cybersecurity system. Medium merchants (80%) are significantly more likely than small merchants (67%) to use more than one system. More than half of companies (56%) have many cybersecurity systems in many locations. Overall, companies are split on whether systems are governed by a single department (51%) or multiple (49%). Small merchants (57%) are significantly more likely to keep governance to one department, while large merchants (63%) are significantly more likely to have multiple departments involved.

Roadblocks Remain

Businesses are challenged to balance security with customer preferences, with many implementing heightened cybersecurity measures to make their customers feel more secured and reassured when making a purchase. The study found that 91% of companies believe their customers deeply care about cybersecurity while 86% believe it increases customer loyalty. Yet, companies acknowledge the inherent tradeoffs – namely, two-thirds (65%) of leaders believe that customers are annoyed by extra security measures, and they want systems to be easy to use (67%).

Budgetary concerns may also play a factor in determining any potential system enhancements – among the few (15%) that currently do not have plans to enhance their system, they are most likely to cite preventative costs (61%) and an unwillingness to have a disruption in service (52%).

Despite these roadblocks, companies have said they are increasing or have increased their IT budgets, calling out the COVID-19 pandemic and technology as driving forces. Other notable findings include:

  • In The Dark: More than one-third (35%) of surveyed leaders do not know how much of their company’s budget is spent on cybersecurity.
  • Bicameral Opinion: While 91% of respondents agree that their customers do care about cybersecurity, 48% also believe their customers do not care about cybersecurity.
  • Inaction: Nearly all (96%) companies say they value the importance of security systems to protect their data, and 85% agree that their customers would be more satisfied if they had extra security measures in place. Yet, half (50%) have either not increased their IT security budget or decreased their budget since 2019.
  • Show Me The Money: Still, companies are divided on what precautions and guidance are worth the cost. Four-fifths (83%) of companies who do use a third-party to manage and secure information say this option is “more cost-effective” for their business, while half (51%) of companies who do not use a third-party supplier cite it as being “more costly” than their current process.
  • Checking The Box? Almost all merchants (91%) are very or extremely confident that their company adequately trains end-users, relying on conferences and seminars (71%) to keep them trained and engaged. Notably, small (92%) and medium (95%) merchants are significantly more confident than their large (79%) counterparts, where the most common form of end-user engagement comes from training videos (82%).
  • Looking for a Leader: A majority of companies (87%) say they would welcome involvement from the U.S. government to fight cybersecurity threats as well as enhance policy (84%). Large merchants (threats-76%, policy-74%) and retail companies (threats-81%, policy-75%) are significantly less likely to want the U.S. government involved.

Click here to download the report.

Methodology

The survey was conducted by Hanover Research and included 300 respondents for small, medium, and large-size enterprises across hospitality, retail, and food & beverage spaces.

About FreedomPay

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce. The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

About Cornell Center of Hospitality Research

Cornell’s Center for Hospitality Research (CHR) was created in 1992 for the purpose of expanding both the quality and volume of research supporting the hospitality industry and its related service industries. The CHR’s mission is to advance hospitality thought leadership by publishing and disseminating impactful and actionable research that industry leaders can put into practice today; facilitating the exchange of new ideas by bringing students, faculty, and industry professionals together at roundtables, panels, conferences, and other engaging events; and partnering with the other Centers and Institutes in the Cornell Nolan School of Hotel Administration to maximize research, event, and networking collaborations.

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Hill + Knowlton Strategies for FreedomPay
FreedomPay@hkstrategies.com
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Zenfolio Acquires Format to Expand Services for Photographers

Menlo Park, California, Nov. 11, 2021 (GLOBE NEWSWIRE) — Zenfolio, the leader in creative and business solutions for photographers, announced that it has acquired Format, a major website-building platform and marketplace based in Toronto, Canada, used by professional photographers and artists worldwide. Both companies offer Software as a Service (SaaS) business solutions – Zenfolio since 2006 and Format since 2010. Combined, these two market leaders provide the most comprehensive service offering to photographers and artists, leveraging their respective brands and complementary strengths.

John Loughlin, Zenfolio CEO, shared the rationale for bringing the two companies together. “We deeply respect the Format brand, their employees and community, and the business they have built,” he stated. “This combination will expand the capabilities and services offered to our respective customers.”

Lukas Dryja, Format CEO and Co-Founder, shared his enthusiasm for the merger. “Since creating Format, we have cared deeply about our community and team,” he said. “Partnering with Zenfolio is a tremendous opportunity for both. The Format community will benefit from Zenfolio’s extensive technology services while Zenfolio customers will have access to world class tools and designs to showcase their work online.”

The Format acquisition continues a strategy launched by Zenfolio three years ago to reimagine the company. Zenfolio recently unveiled a new cloud-based technology platform using artificial intelligence and machine-learning that is redefining the business of photography. Zenfolio leads the industry in workflow automation, helping photographers manage and grow their businesses, while spending more time behind the lens.

“Bringing together two leading platforms for photographers allows us to accelerate the development of new services by taking best in breed features and capabilities and making them available to customers of both companies,” Loughlin explained.

The two brands will initially operate in parallel, each retaining its current employee workforce and subscription base. Format will continue to be headquartered in Toronto. Zenfolio headquarters will continue to be located in Menlo Park, California.

About Zenfolio

Zenfolio Inc., a Centre Lane Partners company, offers advanced business solutions enabling photographers to easily show, share and sell their images. For the past 15 years, Zenfolio has proudly served photographers around the globe.

About Format

Format empowers professional photographers and creatives by transforming them into successful entrepreneurs. Founded in 2010 in Toronto, Canada, Format is a proudly self-funded company with a remote team distributed globally.

Vista Point Advisors acted as the exclusive advisor to Format in its sale to Zenfolio.

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Zenfolio
pr@zenfolio.com
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G&W Electric annonce le tout nouveau Réenclencheur Teros™ pour l’isolation des défauts à grande vitesse

Cette toute nouvelle solution intelligente améliore la fiabilité et la résilience du réseau, atténue les risques de panne et s’intègre facilement aux réseaux électriques existants

BOLINGBROOK, Illinois, 10 novembre 2021 /PRNewswire/ —G&W Electric, fournisseur mondial d’équipements d’énergie électrique depuis 1905, a annoncé aujourd’hui le lancement de son Teros™ Recloser qui est disponible pour les marchés en dehors des États-Unis et du Canada. Capable de fonctionner avec une variété de configurations dans n’importe quelle application, le nouveau réenclencheur Teros est conçu pour améliorer la fiabilité du système et la résilience du réseau. Ce nouveau réenclencheur fournit une protection contre les surintensités pour les défauts temporaires sur les lignes de distribution aériennes et réduit les pannes de réseau à long terme.

« La fiabilité du réseau concerne tout le monde, partout dans le monde, du foyer moyen aux usines entières et aux systèmes de télécommunications. Les résultats ne sont pas seulement gênants, mais économiques », a déclaré John Mueller, président et propriétaire de G&W Electric. « Pour mieux atténuer les perturbations et gérer un service électrique fiable, les améliorations apportées à la technologie des réenclencheurs sont impératives pour garantir une réduction des pannes de courant généralisées. Aujourd’hui, les réenclencheurs sont indispensables à la fiabilité du réseau d’un service public. »

Le nouveau réenclencheur Teros offre une large gamme d’avantages et s’adapte à la plupart des configurations, malgré des exigences très différentes d’un pays à l’autre. Ne nécessitant pas d’huile ni de SF6, le réenclencheur Teros élimine le besoin d’entretien de routine et améliore la sécurité du personnel. Diélectrique solide et à commande électronique, Teros a été testé sur le terrain pour sa fiabilité en matière de commutation de charge et de protection contre les surintensités. Que vous cherchiez à améliorer ou à étendre les systèmes et les capacités du réseau, le Teros offre aux services publics des conceptions prêtes à l’emploi pour les systèmes électriques nouveaux et existants.

« Avec l’augmentation de la population et de la demande d’une énergie fiable, associée à de nouvelles constructions, à une dépendance à la technologie et aux effets du changement climatique, les services publics travaillent dur pour éviter aux clients les dépenses et les inconvénients de pannes fréquentes », a ajouté M. Mueller. « Les réenclencheurs sont devenus la solution du marché mondial pour l’expansion et la modernisation des réseaux de distribution pour une alimentation électrique plus fiable. »

Le système Teros est conçu pour réduire la quantité, la fréquence et la durée des pannes sur les réseaux aériens, notamment les lignes de distribution principales, les circuits de dérivation de distribution et les sous-stations. Légers et compacts, les modèles Teros prêts à l’emploi fournissent tous les supports, parafoudres et transformateurs de tension nécessaires pour faciliter l’installation. En outre, ce nouveau réenclencheur est prêt pour l’automatisation du réseau électrique, ce qui simplifie les besoins futurs en matière d’automatisation.

Pour en savoir plus sur les défis de la résilience des réseaux électriques dans le monde, téléchargez le dernier livre blanc de G&W Electric intitulé « Réenclencheurs : Sauvegarder la fiabilité du réseau électrique, réduire les pannes de réseau et augmenter la fiabilité en fournissant une protection de qualité contre les surintensités sur les lignes aériennes. »

Pour en savoir plus sur le Système Réenclencheur Teros, visitez www.gwelectric.com/teros.

À propos de G&W Electric

Depuis 1905, G&W Electric a contribué à alimenter le monde en électricité grâce à des solutions et des produits innovants pour les réseaux électriques. Avec l’introduction du premier dispositif de terminaison de câble déconnectable au début des années 1900, G&W Electric a commencé à se forger une réputation de solutions techniques innovantes pour répondre aux besoins des concepteurs de systèmes. Grâce à son engagement constant à satisfaire ses clients, G&W Electric jouit d’une réputation mondiale pour ses produits de qualité et son service supérieur. Pour en savoir plus sur G&W Electric, visitez son nouveau site Web à www.gwelectric.com. Suivez G&W Electric sur Twitter @GW_Electric et sur LinkedIn.

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The University of Hong Kong Offers Entrance Scholarships for International Students to Realise Dreams

HONG KONG, Nov. 10, 2021 /PRNewswire/ — Offering generous entrance scholarships that recognise students’ remarkable achievements, the University of Hong Kong (HKU) empowers students from diverse backgrounds to pursue their dreams and develop their ambitions towards shaping a promising future. The HKU entrance scholarships may cover full tuition fees and accommodation and general living allowance.

Aleena Khalid, recipient of HKU HeForShe IMPACT Champion Scholarship

Growing up in the northern city of Pakistan, Peshawar, Aleena Khalid had to tolerate criticism from her extended family for wanting to study abroad because of her gender. Aleena’s mother was diagnosed with cancer, so it was Aleena’s dream to go into the biomedical research field to contribute to drug development and clinical validation, to help patients suffering from cancer and other life-threatening diseases. It was the HKU HeForShe IMPACT Champion Scholarship (HeforShe Scholarship) that turned her dream into reality. Being awarded the scholarship, Aleena pursued a Bachelor of Biomedical Sciences HKU and graduated with flying colours. “The HKU HeforShe Scholarship not only allowed me to chase after my dream, but also enabled me to voice out for girls who have been silenced. I’m now pursuing a PhD degree in Hong Kong and I can proudly say that HKU paved the path towards my research career to contribute to the biomedical field by providing me with the scholarship.”

From another corner of the world, Martin Kibiru received the HeforShe Scholarship, bade farewell to his home country Kenya and embarked on his journey at HKU. Possessing a deep-seated passion for building things, Martin aspires to be an engineer and is now pursuing a Bachelor of Engineering (Computer Engineering). “I find it incredible that in just about two years’ time, my dream of becoming an engineer will come true. And it is thanks to HKU for offering me the scholarship and allowing me to do the things I love, and in a beautiful city that I’m proud to call home,” said Martin.

Martin Kibiru, recipient of HKU HeForShe IMPACT Champion Scholarship

To Hanie Luong, receiving the Vietnam Van Thinh Phat Scholarship (VTP Scholarship) is a life-changing opportunity. Hanie, who lived most of her life on a remote highland of Vietnam, is now a 4th year Accounting and Finance student at HKU. When asked about how she felt being a scholarship recipient, she said, “Neither attending an international school nor communicating in English on a daily basis back in my home country, I had never imagined studying abroad possible. It is the VTP Scholarship that gives me the opportunity to study at one of the best research-led universities in Asia and the world.”

When asked about their life at HKU thus far, both Hanie and Martin said that it has been an incredibly fulfilling and transformational journey. As scholarship recipients, they have been given the opportunities to join cultural exchange, study and internship programmes in different countries to meet like-minded students worldwide.

Hanie Luong, recipient of Vietnam Van Thinh Phat Scholarship

Professor Bennett Yim, HKU’s Director of Undergraduate Admissions and International Exchange said, “HKU is committed to nurturing future global talents who are able to make valuable contributions to the world and pursue their dreams at the same time. We believe that our supportive scholarships enable students to enjoy and live their university lives to the fullest by going on exchange, launching start-ups, competing in international competitions and by interacting with the diverse community on campus.”

To empower students to realise their dreams, the HKU Future Leaders of the Year Scholarship (FLY Scholarship) was established in 2020 for students who aspire to launch their own start-ups and make their mark in the future. Recipients of the scholarship will be awarded an amount to use as s start-up fund or to engage in start-up-related activities. In addition, recipients will have the opportunity to be coached by HKU tutors, alumni or entrepreneurs in iDendron, HKU’s dedicated centre for innovation and entrepreneurship.

“In an era where information is at your fingertips, it is more important to know how to integrate creativity and innovation. With the support of the HKU FLY Scholarship, the innovative ideas put forward by talented students can be more easily realised, thereby creating a positive impact on the community and offering value to society,” Professor Bennett Yim added.

The HKU Admissions Office will organise an online Scholarships Info Session on 12 November, 2021 for prospective international students to learn about HKU scholarships for undergraduate admissions. The scholarships that will be covered in the session include HKU Belt and Road Scholarship, HKU HeForShe IMPACT Champion Scholarship and Vietnam Van Thinh Phat Scholarship. Please refer to the details below and register to secure a place for the info session.

HKU Scholarships Info Session

Date: 12 November 2021
Time: 4pm – 5pm (HKT)
Register now: https://bit.ly/HKUscholarships2021

Undergraduate Admissions 2022

HKU is now accepting online applications for the 2022-2023 academic year that will commence in September 2022. Students who wish to be empowered to pursue their dreams at university are encouraged to submit an application for our first-round evaluation by 17 November, 2021. Applicants will automatically be considered for HKU entrance scholarships. Please submit an online application with this link: https://bit.ly/ApplytoHKU

Virtual Consultation Sessions

Students who are interested in learning more about HKU are invited to register for an individual virtual consultation session with our admissions representatives. Please sign up with this link: https://bit.ly/HKU-consultation

About the University of Hong Kong
HKU is a world-leading, research-led, comprehensive university. With distinguished excellence in research and outstanding performance in teaching, HKU brings together bright minds from around the world and wins a respectable reputation in renowned international rankings. HKU has been ranked 1st in Hong Kong and 22nd in the world in the QS World University Rankings 2022, and the Most International University in the World by Times Higher Education World University Rankings 2021.
https://hku.hk/

About HKU Belt and Road Scholarship
As stated by Hong Kong Chief Executive Carrie Lam during her 2018 policy address, Hong Kong is a prime platform and key link for the Belt and Road Initiative. With the government’s full support, HKU is gearing up to groom and nurture graduates with the expertise and commitment to build lasting links between their home communities and Hong Kong. The scholarship supports students from countries under the initiative for the duration of their studies at HKU.
https://admissions.hku.hk/fees-and-scholarships/scholarships/belt-and-road-scholarship

About HKU HeForShe IMPACT Champion Scholarship
In 2015, HKU became the first university in the world to launch the United Nations’ HeForShe initiative on campus – the global solidarity movement that campaigns for gender equality. Addressing barriers to social mobility in less developed countries, the HeForShe IMPACT Champion Scholarship gives talented students who’ve risen above gender inequality access to a world-class education at HKU.
https://admissions.hku.hk/fees-and-scholarships/scholarships/HeForShe-IMPACT-Champion-Scholarship

About Vietnam Van Thinh Phat Scholarship
In February 2012, Mr Chu Nap Kee and Ms Truong My Lan of Van Thinh Phat Group Holdings generously donated a sum to HKU for the establishment of the Vietnam Van Thinh Phat Scholarship to attract outstanding talents from Vietnam to study undergraduate programmes at the University.
https://admissions.hku.hk/fees-and-scholarships/scholarships/vietnam-van-thinh-phat-scholarships

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LONGi achieves new milestone for Hi-MO 5 module shipments

XI’AN, China, Nov. 10, 2021 /PRNewswire/ — As of early November, LONGi’s Hi-MO 5 (72C) modules had been supplied to some 600 clients in 57 countries, with cumulative shipments now exceeding 10GW.

The Hi-MO 5 module is designed for utility-scale PV plants, and its dimensions are the result of in-depth analysis of industry chain, product value and lifecycle reliability, with the latest shipment milestone confirming that the module’s design concept has been widely accepted by global customers.

LONGi’s Hi-MO 5 series modules exceed 10GW of global shipment.

Shipments of the Hi-MO 5 module are based on a reliable packaging method to maximize use of container capacity while also leaving enough space for loading and unloading, significantly reducing shipping costs. The module is also fully compatible with brackets, inverters, and other PV plant equipment under a variety of application scenarios, reducing BOS costs. In wind tunnel, hail, and dynamic mechanical load (DML) testing the Hi-MO 5 has shown outstanding performance, ensuring reliability in extreme meteorological conditions throughout its full lifecycle.

LONGi Solar Logo

Milestone review of the LONGi Hi-MO 5 module:

  • June 29, 2020 – technical specification released.
  • August 8, 2020 – module showcased at SNEC Shanghai.
  • September 15, 2020 – first shipment contract signed.
  • April 28, 2021 – recognized with awards at “All Quality Matters” Solar Congress.
  • May 31, 2021 – wind tunnel testing results released.
  • July 21, 2021 – recognized with award at Intersolar Europe.
  • September 18, 2021 – analysis of performance in hail impact testing released.
  • October 29, 2021 – dynamic mechanical load (DML) testing results released.
  • November 5, 2021 – global shipments exceed 10GW.

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