ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Rite Aid Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – RAD

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, both dates inclusive (the “Class Period”), of the important May 19, 2023 lead plaintiff deadline in the securities class action commenced by […]

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, both dates inclusive (the “Class Period”), of the important May 19, 2023 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased Rite Aid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 19, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Until at least June 2019, Rite Aid filled at least hundreds of thousands of unlawful prescriptions for controlled substances that lacked a legitimate medical purpose, including for potentially lethal opioids such as oxycodone and fentanyl; (2) Rite Aid pharmacists filled these prescriptions despite clear “red flags” that indicated that the prescriptions were unlawful; (3) Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists; (4) by knowingly filling unlawful prescriptions for controlled substances, Rite Aid violated the Controlled Substances Act and, where Rite Aid sought reimbursement from federal healthcare programs, also violated the False Claims Act; (5) as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice (“DOJ”) and (6) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8799792

‫ہیز پیونی انٹرنیشنل کمیونیکیشن فورم 9 اپریل کو منعقد ہوگا، جہاں دنیا کے ساتھ پیونی کی کہانی شیئر ہو گی

ہیز، چین، 31 مارچ 2023/ژنہوا-ایشیانیٹ/– ہیز پیونی انٹرنیشنل کمیونیکیشن فورم 9 اپریل کو ہیز کے ہیومینگٹائی میں منعقد ہوگا، جس کی میزبانی سی پی سی شانڈونگ صوبائی کمیٹی کے پبلسٹی ڈپارٹمنٹ اور چائنا فارن لینگوئج پبلشنگ ایڈمنسٹریشن کریں گے۔ پیونی ‘چینی دارالحکومت پیونی’ کے سب سے عام کاروباری کارڈ کے طور پر خوبصورت اور باوقار […]

ہیز، چین، 31 مارچ 2023/ژنہوا-ایشیانیٹ/– ہیز پیونی انٹرنیشنل کمیونیکیشن فورم 9 اپریل کو ہیز کے ہیومینگٹائی میں منعقد ہوگا، جس کی میزبانی سی پی سی شانڈونگ صوبائی کمیٹی کے پبلسٹی ڈپارٹمنٹ اور چائنا فارن لینگوئج پبلشنگ ایڈمنسٹریشن کریں گے۔

پیونی ‘چینی دارالحکومت پیونی’ کے سب سے عام کاروباری کارڈ کے طور پر خوبصورت اور باوقار ہے — ہیز، مہمان نواز، شانڈونگ کا ایک مشہور سیاحتی برانڈ اور چینی خصوصیات سے مالا مال ایک ثقافتی علامت ہے جسے دنیا بھر میں فروغ دیا جائے گا۔ ‘ایک چینی ثقافتی شناخت کی تخلیق اور دنیا کے ساتھ ہیز پیونی کی کہانی کا اشتراک’ کے عنوان سے اس فورم کا مقصد ہیز پیونی کی بین الاقوامی مواصلات کو فروغ دینا اور باہمی تبادلے، کثیر صنعتی انضمام اور شہر کے اثر ورسوخ کو مضبوط بنانے کے لیے  پیونی کلچر پلیٹ فارم بنانا ہے۔

ہیز پیونی انٹرنیشنل کمیونیکیشن فورم

ہیز کی عوامی حکومت کے دی نیوز آفس کے مطابق ، فورم بنیادی طور پر ‘1+ 6+ این ‘ پر مشتمل ہے ، جہاں ‘1’ سے مراد تھیم پر مبنی فورم ہے۔ اہم مہمانوں کو مدعو کیا جائے گا کہ وہ دنیا کے پیٹرن پر مختلف زاویوں اور جہتوں سے نئے خیالات، نظریات اور فیصلوں کا تبادلہ کریں اور چین کی آواز سنائیں۔ ‘6’ سے مراد فورم کے چھ حصے ہیں، یعنی کامیابیوں کی نمائش، افتتاحی تقریب، کلیدی تقاریر، گول میز سیمینار، ‘کلچرل کمیونیکیشن اینڈ انوویشن بیس۔ پیونی کلچر انٹرنیشنل کمیونیکیشن سینٹر’ کی دستخطی تقریب، بیرون ملک پیونی گارڈن کی تعمیر کے اقدام کا آغازکرنا۔ ‘این’ سے مراد متعدد سرگرمیاں ہیں جیسے فورم سے پہلے مشاہداتی دورے، تھیم پر مبنی سیمینارز، میڈیا رپورٹس، غیر ملکی انٹرنیٹ سیلیبریٹی اور انفلوئنسر کے دورے، بین الاقوامی دوستوں کے لیے ‘پیونی ٹی پارٹی’۔  ہیز کی پیونی اور خصوصی صنعتوں کے ساتھ قریبی طور پر ملایا جائے گا۔ مہمانوں اور رپورٹروں کو پیونی باغ کا شاندار تجربہ حاصل کرنے ، پیونی صنعت کا سروے کرنے اور خصوصی نمائش ہال کا دورہ کرنے کے لئے مدعو کیا جائے گا۔

بین الاقوامی فورم ایک بین الاقوامی پیونی برانڈ کی تشکیل اور پیونی ثقافت کے بین الاقوامی مواصلات کو فروغ دے گا۔ سی پی سی کمیٹی اور ہیز کی حکومت نے اس تقریب کو بہت اہمیت دی ہے اور تقریب کی تیاریوں کو فروغ دینے کے لئے ہر ممکن کوشش کی ہے۔ ہیز دنیا بھر کے مہمانوں اور زائرین کا گرمجوشی سے استقبال کریں گے اور انہیں ‘چینی دارالحکومت پیونی’ کی دلکشی کی تعریف کرنے کی دعوت دیں گے۔

ماخذ: ہیز کی عوامی حکومت کا دی نیوز آفس

تصویر منسلک کرنے کےلنکس:

لنک: http://asianetnews.net/view-attachment?attach-id=439444

Heze Peony International Communication Forum to Be Held on April 9, Sharing the Story of Peony with the World

HEZE, China, March 31, 2023 /Xinhua-AsiaNet/– The Heze Peony International Communication Forum will be held at Huimengtai of Heze on April 9, hosted by the Publicity Department of the CPC Shandong Provincial Committee and the China Foreign Language Publishing Administration. Peony is beautiful, dignified and graceful as the most typical business card of the ‘Chinese […]

HEZE, China, March 31, 2023 /Xinhua-AsiaNet/– The Heze Peony International Communication Forum will be held at Huimengtai of Heze on April 9, hosted by the Publicity Department of the CPC Shandong Provincial Committee and the China Foreign Language Publishing Administration.

Peony is beautiful, dignified and graceful as the most typical business card of the ‘Chinese Capital of Peony’ — Heze, a famous tourism brand of Hospitable Shandong and a cultural symbol rich in Chinese characteristics to be promoted worldwide. Themed ‘Creating a Chinese Cultural Identity and Sharing the Story of Heze Peony with the World’, the forum aims to promote the international communication of Heze peony and build a peony culture platform for strengthening mutual exchange, multi-industry integration and the city’s influence.

Heze Peony International Communication Forum

According to The News Office of the People’s Government of Heze, the forum is mainly composed of ‘1+6+N’, where ‘1’ refers to a themed forum. Important guests will be invited to exchange new thoughts, ideas and judgments from different angles and dimensions on the world’s pattern and make the voice of China heard. ‘6’ refers to the six segments of the forum, namely the exhibition of achievements, the opening ceremony, keynote speeches, round-table seminars, the signing ceremony of ‘Cultural Communication and Innovation Cooperation Base – Peony Culture International Communication Center’, the launching of the initiative of peony garden construction overseas. ‘N’ refers to a series of activities such as observation trips before the forum, themed seminars, media reports, foreign internet celebrity and influencer trips, ‘Peony Tea Party’ for international friends. Various activities will be closely combined with the peony and special industries of Heze. The guests and reporters will be invited to have an immersive experience of the peony garden, survey the peony industry and visit the special exhibition halls.

The international forum will promote the shaping of an international peony brand and the international communication of peony culture. The CPC Committee and government of Heze have attached high importance to the event, going all out to promote the preparations for the event. Heze will warmly welcome guests and visitors from around the world and invite them appreciate the charm of the ‘Chinese Capital of Peony’.

Source: The News Office of the People’s Government of Heze

Image Attachments Links:

Link: http://asianetnews.net/view-attachment?attach-id=439444

2023 Digital Therapeutics Alliance Inaugural Summit: DTx Industry Leaders Gather to Transform Global Healthcare

Held at the Washington D.C. Marriott at Metro Center June 7 – 9, 2023.The 3-day Summit programming will be facilitated by leaders from all facets of the DTx industry, including policymakers, manufacturers, payors, and other experts to guide innovation and equity in healthcare. Arlington, VA, March 30, 2023 (GLOBE NEWSWIRE) — The Digital Therapeutics Alliance […]

Held at the Washington D.C. Marriott at Metro Center June 7 – 9, 2023.The 3-day Summit programming will be facilitated by leaders from all facets of the DTx industry, including policymakers, manufacturers, payors, and other experts to guide innovation and equity in healthcare.

Arlington, VA, March 30, 2023 (GLOBE NEWSWIRE) — The Digital Therapeutics Alliance (DTA) is hosting its Inaugural Summit on June 7-9, 2023 at the Washington Marriott at Metro Center. Leaders from all facets of the digital therapeutics (DTx) ecosystem, including policymakers, clinicians, and payors, will join DTA members to discuss the challenges and opportunities of DTx integration into the healthcare system and identify optimized policy, reimbursement, and regulatory pathways to accelerate adoption.

The 3-day Summit programming will be facilitated by Andy Molnar, Chief Executive Officer of DTA, and feature keynote presentations, panel discussions, and interactive sessions that cover the advancement of DTx, the impact of healthcare policy, reimbursement and regulatory pathways, clinical evidence requirements, and patient access optimization.

DTA’s Chief Executive Officer, Andy Molnar states: “We are here to transform healthcare and deliver a new category of medicine to patients to improve their lives. The 2023 DTA Inaugural Summit brings together the leaders in healthcare innovation that are making these monumental changes. We are building viable frameworks with partners from Capitol Hill, the investment ecosystem, clinicians, health plans, patients, and caregivers.”

DTx products use evidence-based, clinically evaluated technologies to optimize clinical and health economic outcomes, deliver high quality therapies to underserved populations, and transform how patients understand, manage, and engage in their healthcare.

Leading into the Summit, US-focused DTA members and staff will convene in Washington D.C. to meet with congressional members and other influential parties to advocate for the Access to Prescription Digital Therapeutics Act (S. 723 and H.R. 1458).This bill seeks to create a new benefit category for digital therapeutics and ensure permanent coverage and reimbursement of DTx products by Medicare and Medicaid.

Everett Crosland, DTA board member and Chief Commercial Officer for Cognito Therapeutics, commented, “Given the rapidly evolving reimbursement environment, DTA’s 2023 Inaugural Summit offers the DTx industry an unprecedented opportunity to engage and advocate on the issues that matter most to our companies, patients, providers, and payor partners. I’m excited to speak about the emerging frameworks that are shaping our future.”

Event details and registration: 2023 DTA Inaugural Summit 

About DTA:

The Digital Therapeutics Alliance (DTA) is a global non-profit trade association of industry leaders and stakeholders with the mission of broadening the understanding, adoption, and integration of digital therapeutics into healthcare. DTA works to enable expanded access to high quality, evidence-based digital therapeutics for patients, clinicians, and payors to improve clinical and health economic outcomes. To learn more, please visit: www.dtxalliance.org and follow us on LinkedIn.

Attachment

Autumn Brennan
Digital Therapeutics Alliance
608-304-8000
abrennan@dtxalliance.org

GlobeNewswire Distribution ID 8799236

China’s Meitu sees 25.2 percent revenue growth in 2022

Chinese internet company Meitu on Thursday said it generated over 2.08 billion yuan (about 302 million U.S. dollars) in revenue in 2022, up 25.2 percent year on year.Meitu recorded an adjusted net profit of 111 million yuan last year, up 29.9 percent y…

Chinese internet company Meitu on Thursday said it generated over 2.08 billion yuan (about 302 million U.S. dollars) in revenue in 2022, up 25.2 percent year on year.

Meitu recorded an adjusted net profit of 111 million yuan last year, up 29.9 percent year on year.

Meitu’s VIP subscription service saw strong growth last year amid surging demand for AI-generated content, achieving a revenue of 782 million yuan, up 57.4 percent, according to the company’s annual report.

Its revenue from the image software as a service (SaaS) business totaled 463 million yuan, and the revenue from online advertising hit 596 million yuan.

Founded in October 2008, Meitu is an AI-driven technology company that aims to “beautify” users with its image products and beauty management services.

Source: Xinhua Finance Agency

Vista Equity Partners Completes Acquisition of Duck Creek Technologies

Boston, March 30, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies (“Duck Creek”), the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, for $19.00 […]

Boston, March 30, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies (“Duck Creek”), the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, for $19.00 per share, in an all-cash transaction valued at approximately $2.6 billion.

“We are excited to commence our partnership with Vista Equity Partners and work together to advance the next generation of P&C insurance technology,” said Michael Jackowski, Chief Executive Officer of Duck Creek. “With Vista’s global network and deep sector expertise, we will be better positioned to support and accelerate the industry’s transition to the cloud while continuing to deliver a best-in-class customer experience.”

“Duck Creek is a demonstrated leader in the P&C space, delivering innovative solutions that empower carriers to be faster and more nimble in servicing the digital needs of their customers,” said Monti Saroya, Senior Managing Director and Co-Head of Vista’s Flagship Fund. “We look forward to partnering with Mike and the Duck Creek team as they continue to scale and define the future of P&C insurance technology.”

“We’re excited to welcome Duck Creek to the Vista ecosystem,” said Jeff Wilson, Managing Director at Vista. “Their commitment to excellence and innovation coupled with Vista’s experience in driving sustainable growth will take the business to new heights while delivering solutions that help carriers transform their business.”

Duck Creek has earned the right to partner with and provide its modern technology solutions to an esteemed list of leading carriers across the globe, including Berkshire Hathaway Specialty Insurance, Hollard Insurance, Northbridge Financial Corporation and Tokio Marine.

With the completion of the transaction, Duck Creek Technologies shares have ceased trading and are no longer listed on the Nasdaq Global Select Market.

J.P. Morgan acted as financial advisor to Duck Creek, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to Duck Creek.

Evercore acted as financial advisor to the Special Committee of the Duck Creek Board of Directors, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to the Special Committee of the Duck Creek Board of Directors.

RBC Capital Markets acted as financial advisor to Vista, and Kirkland & Ellis LLP acted as legal counsel to Vista.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

About Vista Equity Partners

Vista is a leading global investment firm with more than $95 billion in assets under management as of September 30, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.

Carley Bunch
Duck Creek Technologies
+1 (201) 962-6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8798688

Hitachi Energy and Petrofac secure landmark offshore wind agreement worth approximately 13 billion euros

Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition.Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea. Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable […]

Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition.Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea.

Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the integration of bulk renewables into European power grids.

Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind “2GW Program”1, based on high-voltage direct current (HVDC) technology pioneered by Hitachi Energy.

The agreement includes an initial commitment to deploy six record-breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of 2 gigawatts (GW) and a voltage level of 525 kilovolts (kV) – a world-first for offshore wind.

This landmark framework agreement is the largest ever for Hitachi Energy. It confirms the opportunity to innovate how state-of-the-art technology can be deployed effectively and how new business models enable the scale needed for the green energy transition. The framework agreement approach allows Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in-service dates.

Hitachi Energy will supply its HVDC Light® converter stations, which convert AC to DC power offshore and DC to AC onshore. Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations.

The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect. The second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024-2026 timeframe.

“This innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future.  In fact, we are already hiring to expand our global delivery capacity and effectively fulfill these and other orders,” said Niklas Persson, Managing Director at Hitachi Energy’s Grid Integration business. “We’re proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed.”

“Today’s announcement represents an exciting next step in Petrofac and Hitachi Energy’s collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT’s ground-breaking program,” said Sami Iskander, Petrofac’s Group Chief Executive. “By combining Petrofac’s industry-leading EPCI expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes.”

“TenneT has the technical know-how, scale, and geographical position to connect wind energy from the North Sea. This is one of the most important infrastructure projects of the century; the green transformation of the energy system is key for the decarbonisation of industry,” said Tim Meyerjürgens, COO of TenneT. “Together with our market partners, we are very proud to have achieved another important milestone. Together we secure decisive acceleration of the offshore grid development and set the course for the future European energy landscape.”

“The new long-term approach goes hand in hand with a fundamental change in values towards a strong partnership. This approach enables both sides with more flexibility, technological progress, and planning security,” said Marco Kuijpers, Director Large Projects Offshore of TenneT.  This benefits all parties and secures employment, growth, and the strengthening of supply chains. We can already see that our partners invest in extra resources and facilities.”

Hitachi Energy and Petrofac began working together in June 2022, to provide joint grid integration and associated infrastructure solutions to support TenneT’s 2GW Program.2

In the same year, Germany, the Netherlands, Denmark and Belgium agreed to install at least 65 gigawatts of offshore wind energy combined by 2030 announced with the inter-governmental Esbjerg Declaration.3 At 40 gigawatts, almost two-thirds of this capacity is accounted for by TenneT, with 20 gigawatts each in the German and Dutch North Sea sectors.

1 TenneT’s 2GW Program
2 Hitachi Energy and Petrofac to collaborate in growing offshore wind market
3 The Esbjerg Declaration

HVDC website:
https://www.hitachienergy.com/offering/product-and-system/hvdc

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

About Petrofac
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs. Our four values – driven, agile, respectful and open – are at the heart of everything we do.

Petrofac’s core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, Southeast Asia and the United States. We have 8,000 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC). For additional information, please refer to the Petrofac website at www.petrofac.com

Media contacts:
Jocelyn Chang
Global Head of Public Relations & Content Strategy
Hitachi Energy
jocelyn.chang@hitachienergy.com

Sophie Reid
Group Head of Communications
Petrofac
sophie.reid@petrofac.com

Attachment

Jocelyn Chang
Hitachi Energy
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8798527

PM felicitates lawyers over passage of Lawyers Welfare & Protection Bill 2023

Prime Minister Shehbaz Sharif has congratulated the lawyers’ community of the country on the passing of Lawyers Welfare and Protection Bill 2023.In a statement on Thursday, the Prime Minister said lawyers have sacrificed their lives for the supremacy o…

Prime Minister Shehbaz Sharif has congratulated the lawyers’ community of the country on the passing of Lawyers Welfare and Protection Bill 2023.

In a statement on Thursday, the Prime Minister said lawyers have sacrificed their lives for the supremacy of law in the country and their safety and welfare is among topmost priorities of the government.

Referring to his meeting with lawyers a month ago, the Prime Minister said he had promised them to get this law passed soon and the promise has been fulfilled.

Shehbaz Sharif said members of Senate and National Assembly have written history by passing this law which will not only ensure protection of lawyers’ rights but will enhance their efficacy.

The Prime Minister vowed to continue to work for the betterment of lawyers community.

Source: Radio Pakistan

Forex reserves stand at about $10b: Senate told

The Senate was informed today that the foreign exchange reserves stand at about ten billion dollars and the target is to take them to thirteen billion dollars by June this year.Leader of the House and Minister for Finance, Ishaq Dar told the House duri…

The Senate was informed today that the foreign exchange reserves stand at about ten billion dollars and the target is to take them to thirteen billion dollars by June this year.

Leader of the House and Minister for Finance, Ishaq Dar told the House during Question Hour that there had been improvement in foreign exchange reserves over the last five weeks.

He said the government has not deferred any international obligation ever since coming to power and is making timely payments. He said our external debt has actually gone down.

Regarding the agreement with IMF, Ishaq Dar said technical discussions with the lender have been completed.

In his remarks, Minister for Law Azam Nazeer Tarar told the House that the process of 7th Population and Housing Census was in progress and had to be completed before 30th of next month.

He said it is the first time that digital census is being carried out for which 35 billion rupees were earmarked in the budget 2022-23. He said if the results of the census get confirmed, the delimitations and next elections should be held under it.

Taking the floor, Minister for Commerce Naveed Qamar told the House that the country had sufficient stocks of all staple items. He said our thrust in future will be enhancing agriculture exports.

Senate holds discussion on Supreme Court Practice and Procedure Bill, 2023

The Senate also held discussion on the Supreme Court Practice and Procedure Bill, 2023.

Sharing main features of the Bill, Law Minister Azam Nazeer Tarar said it proposes constituting the benches and allocation of cases by a committee comprising Chief Justice and two senior most judges.

He said right of appeal has been given under the bill.

The Minister said such a law was the longstanding demand of the Bar Councils and Bar Associations.

Source: Radio Pakistan