MENA – Page 203 – South Africa News Gazette

June 16, 2021

Call for applications for the 2nd season of Viet Solutions – a contest for digital products/solutions by Viettel

HANOI, Vietnam, June 16, 2021 /PRNewswire/ — Vietnam’s Ministry of Information and Communications (MIC) and Viettel Group announces the second season of Viet Solutions – a contest to find products/solutions to accelerate the digital transformation progress. Interested parties can submit their application on the contest’s official website www.vietsolutions.net.vn until 15/8/2021.

With the goal of “Synergize to create digital societies”, the contest targets individuals, organizations worldwide that have products, solutions that in 10 fields: mobile application; healthcare; education; finance-banking; agriculture; transport and logistics; energy; resources and environment; manufacturing; corporate management. This year, Vietnam’s MIC and Viettel are searching for solutions to specific problems which are listed on the contest’s official website.

In this season, Viet Solutions also accepts business ideas and increases the prize pool three-fold. The winner will receive 300 million VND (12,000 USD), two 2nd runner-ups 200 million (8,500 USD), two 3rd runner-ups 150 million (6,400 USD).

All contestants qualified for the main event will have the opportunity to enter a partnership with Viettel that has a profit-sharing term of up to 75%. Contestants will also be trained in essential skills by professors of top economic universities, angel investors, and CEOs of top companies.

Vice Minister of MIC, Nguyen Huy Dung said: “There are many problems that need just the right idea to solve. This is the overarching idea of the current season of Viet Solutions”.

Viettel’s CEO, Mr. Le Dang Dzung said: “The incubator model of three parties, government, corporates, startups generates huge synergetic power. The MIC creates legal corridors. Viettel has a large market worldwide that allows contestants that provide new solutions, products environment to grow. The startup community will provide creative products, solutions to help to solve the issue set by the ministry and are suitable for businesses in the market. This model of collaboration will help Vietnam accelerate its digital transformation progress.”

Viet Solutions is an annual contest to find creative solutions that help to solve the current problem in society, contribute to the country’s digital transformation plan. After two seasons, there have been 554 applications submitted, total revenue from partnerships amounts to 20 billion VND (870,000 USD).

In the previous season, the contest chose three winners: Mismart – using UAV to monitor crop health; Map4D – a Vietnamese map platform and CyRada – a cloud and web security solution.

Application

Deadline: Sunday, 15 August 2021 ICT.
Information about eligibility etc. can be found on Viet Solutions website: http://vietsolutions.net.vn
All applications must be done via the Viet Solutions website.

Photo – https://mma.prnewswire.com/media/1533477/VS2021_01.jpg

June 16, 2021

Uberall raises $115M, Signs Agreement to Acquire MomentFeed

Combination Creates New Global Leader for ‘Near Me’ Customer Experience Solutions.

LOS ANGELES and BERLIN, June 15, 2021 (GLOBE NEWSWIRE) — Uberall, a global leader in ‘Near Me’ Marketing SaaS solutions announced today it received a capital investment of $115 million led by Bregal Milestone, Level Equity, United Internet and Uberall management, which will be deployed to accelerate growth in the U.S. and Canada.

As part of its growth strategy Uberall is simultaneously announcing it has signed a definitive agreement to acquire MomentFeed, the leading provider of Proximity Search Optimization in North America. Together Uberall and MomentFeed create a new, more powerful ‘Near Me’ Customer Experience platform with unsurpassed capabilities and global reach. The combined company will manage the online presence of 1.35 million business locations, more than any other current competitor. MomentFeed and Uberall count many of the world’s largest and most recognizable multi-location brands as their customers, including BP, KFC, Marks and Spencer, McDonald’s and Pizza Hut.

“As consumers re-emerge from a year or more of lockdowns, businesses are rebounding, and they must be able to match growing consumer demands to receive the in-store experiences and services they expect,” said Florian Hübner, co-founder and CEO of Uberall. “The combination of Uberall and MomentFeed helps us become the clear category leader with more innovative products, a world-class team, and the financial resources to fully deliver on the opportunity.”

Uberall and MomentFeed are long-time business partners with a similar vision and complementary product suite. The combined platform will bring together Uberall’s market-leading listings and reputation management products, as well as first-to-market features like Google local ads, and combine them with MomentFeed’s best-in-class local social capabilities, customer sentiment analysis and enterprise-grade service offering.

“As we saw the market trending towards consolidation, we considered several potential companies to merge with. Uberall was by far our most preferred,” said MomentFeed CEO Nick Hedges. “This combination makes enormous strategic sense for our customers, who represent the who’s-who of leading U.S. omni channel brands. It helps accelerate our already rapid pace of innovation, giving customers an even greater edge in the hyper-competitive world of ’Near Me’ Marketing.”

MomentFeed CEO Nick Hedges will join Uberall’s executive leadership team as Chief Strategy Officer and Executive Vice President North America, leading Uberall’s North American business unit which will have a significant sales, service and engineering footprint in California.

“We are thrilled to partner with the Uberall team for this next phase of growth. Our strategic investment will significantly accelerate Uberall’s ambition to become the leading ‘Near Me’ Customer Experience platform worldwide. Uberall’s differentiated full-suite solution is unsurpassed by competition in terms of integration and functionality, providing customers with a real edge to reach, interact with, and convert online customers. We look forward to supporting Florian, Nick and their talented team to deliver on their exciting innovation and expansion roadmap.” said Cyrus Shey, Managing Partner of Bregal Milestone.

About Uberall

Uberall empowers the world’s biggest brands to deliver a memorable ‘Near Me’ Customer Experience — from online interactions to offline sales.

As today’s consumers expect an omnichannel experience, they do not distinguish between online and offline anymore. Thus, the ‘Near Me’ customer journey consists of all the touchpoints that a consumer has with the local outlets of a brand: from finding, persuading, buying and recommending, to returning as a regular customer. Uberall’s platform enables businesses to bridge the gap between these touchpoints and facilitates a seamless customer experience that evokes positive emotions and customer satisfaction.

Uberall, founded in 2013 and headquartered in Berlin, Germany, has offices in 6 countries with close to 300 employees. Uberall currently services over 1,600 multi-location customers across 170 countries.

For further information visit www.uberall.com | LinkedIn | YouTube | Facebook | Twitter

About MomentFeed

MomentFeed is the leading Proximity Search Optimization platform trusted by many of the largest multi-location brands in the restaurant, retail, automotive, hospitality, and financial services industries. Proximity Search Optimization is gaining significant interest from CMOs of multi-location, national brands and franchises as a way to show up locally, at the precise moment a customer has a need. MomentFeed makes it possible for national brands to execute hyperlocal marketing campaigns at scale – driving local awareness, in-store traffic, and more calls for appointments and orders.

Founded in 2010, MomentFeed is headquartered in Santa Monica, California. An Inc 5000 Fastest Growing Privately Held Company, it was also named a Comparably Best Company.

For more information visit www.momentfeed.com | Twitter | LinkedIn | Facebook

Contact:
Adam Brett
516.320.0164
adam@crenshawcomm.com

June 16, 2021

Mnemo Therapeutics Announces €75 million Series A to Accelerate Next Generation Integrated CAR-T and Epigenetic Targeting Platform

Financing led by Casdin Capital, Sofinnova Partners – initial seed investor, and an undisclosed investor

Mnemo delivers epigenetic antigens, stronger T cells and best-in-class manufacturing established with groundbreaking research from Institut Curie and Memorial Sloan Kettering

PARIS, June 16, 2021 /PRNewswire/ — Mnemo Therapeutics, a biotechnology company developing powerful cell therapies using a novel target identification engine, stronger T cells and best-in-class manufacturing, today announced the completion of its €75 million ($90 million) Series A financing. The Series A financing was led by Casdin Capital, returning investor Sofinnova Partners, and an undisclosed investor, including participation from Redmile, Emerson Collective and Alexandria Venture Investments.

“Mnemo Therapeutics is on an ambitious mission to transform the lives of patients made possible by the technological leadership of our scientific founders Dr. Sebastian Amigorena, CNRS researcher at Institut Curie and Dr. Michel Sadelain of Memorial Sloan Kettering Cancer Center,” said Alain Maiore, CEO, Mnemo Therapeutics. “Based on the support from our premier investors and our team’s deep experience, we have completed a record-breaking Series A financing in France to develop powerful cell therapies that will achieve unprecedented breakthroughs for patients with solid and blood-based cancers.”

The Series A financing will allow the company to accelerate development of the EnfiniT targeting and next generation chimeric antigen receptors (CAR) T cell therapy platform combining the pioneering research from Institut Curie and Memorial Sloan Kettering Cancer Center (MSK). EnfiniT is a transformational suite of technologies built around a novel epigenetic antigen (E-antigen) discovery engine, able to identify antigens with greater tumor specificity that are completely unique to cancer cells. When combined with EnfiniT’s proprietary set of technologies that increase CAR T cell memory and persistence, they enable a range of therapeutic options that can deliver deeper clinical responses than current cell therapies. Supported with best-in-class, autologous and allogenic cell manufacturing, Mnemo’s EnfiniT platform will be able to overcome the current limitations of CAR T, creating cell therapies that are highly effective and scalable.

“Our belief in Mnemo’s unique, integrated approach to cell therapy compelled us to spearhead the seed round in 2019. Now, more than ever, we are confident in its potential to deliver a new treatment standard across a range of solid tumors and blood cancers, with the ability to impact other devastating diseases,” said Antoine Papiernik, Managing Partner & Chairman of Sofinnova Partners. “We are delighted to welcome a strong syndicate of international investors who now join us to support the power and promise of Mnemo’s groundbreaking technology.”

“Cell therapy is a fast moving field and the next generation of therapies requires smarter, stronger T cells with superior sensitivity for tumor-specific antigens,” said Eli Casdin, Chief Investment Officer and Founder of Casdin Capital. “We believe Mnemo has both and have been incredibly impressed with the scientific and technological capability at the company. We look forward to supporting the team as they significantly advance the field of CAR T and bend the mortality curve on hard to treat cancers.”

Founding CEO Maiore has assembled a highly experienced team headquartered in Paris, France, with a location in New York City, united by a deep history of pioneering achievements in CAR T therapy and an unwavering commitment to dramatically improve the future for patients. Mnemo’s scientific founders include:

Sebastian Amigorena, PhD (CNRS researcher at Institut Curie)
Michel Sadelain, MD PhD (Memorial Sloan Kettering Cancer Center)
Isabelle Rivière, PhD (Memorial Sloan Kettering Cancer Center)
Justin Eyquem, PhD (UCSF)

In addition to Maiore, the Mnemo management team includes:

François Gaudet, PhD, Chief Scientific Officer
Joseph Cerro, Vice President of Information Technology
Stephanie Oestreich, PhD, MPA, Vice President of Operations and Head of Alliance Management

“Mnemo is making tremendous advances in cell therapy research with an impressive, ambitious team of leaders expertly led by Alain, powerfully uniting the leading minds in CAR T from around the world,” said Dieter Weinand, Chairman of the Mnemo Board of Directors. “Ultimately, Mnemo has the potential to dramatically improve cell therapy and allow it to reach its full potential to fight tumors and overcome incurable cancers.”

Disclosure: Drs. Sadelain and Riviere have provided advisory services for, and have equity interests in, Mnemo. Dr. Sadelain also has intellectual property rights and interests related to cell therapy technologies that Memorial Sloan Kettering (MSK) has licensed to Mnemo. MSK has intellectual property rights and associated financial interests related to Mnemo by virtue of licensing agreements between MSK and Mnemo.

About Mnemo Therapeutics
Mnemo Therapeutics is a biotechnology company focused on developing powerful cell therapies that create accessible cures. With its EnfiniT platform, a groundbreaking drug discovery engine, Mnemo applies a novel, integrated approach to cell therapy. Through precise identification of a new class of antigens with greater target specificity and the ability to efficiently reprogram T cells to increase their memory phenotype, as well as refine their engineering, Mnemo will transform the body’s immune response to overcome disease.

To learn more, visit https://mnemo-tx.com and follow Mnemo Therapeutics on Twitter (@MnemoTx) and LinkedIn.

About Sofinnova Partners
Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise. The firm actively partners with ambitious entrepreneurs as a lead or cornerstone investor to develop transformative innovations that have the potential to positively impact our collective future.

Founded in 1972, Sofinnova Partners is a deeply-established venture capital firm in Europe, with 50 years of experience backing over 500 companies and creating market leaders around the globe. Today, Sofinnova Partners has over €2 billion under management. For more information visit https://www.sofinnovapartners.com/.

About Casdin Capital
Casdin Capital LLC was founded in 2012 and brings a deep understanding, expertise and long-term perspective to financing the next generation of life science innovation. For more information, please visit www.casdincapital.com.

Logo – https://mma.prnewswire.com/media/1533709/Mnemo_Therapeutics_Logo.jpg

June 15, 2021

Casio to Release Compact G-SHOCK Offering Workout-Oriented Convenience

The First Square-Shaped Watch in the Sports-Driven G-SQUAD Line

TOKYO, June 15, 2021 /PRNewswire/ — Casio Computer Co., Ltd. announced today the release of the GBD-200, a new addition to the sports-driven G-SQUAD line in the G-SHOCK family of shock-resistant watches. Inheriting the iconic square-shaped case design of the very first G-SHOCK, these compact new watches offer convenient functionality for workouts as well as everyday use.

The GBD-200 boasts a new, smaller profile design for the case, which is 2.0mm slimmer, 8.8mm shorter, and 3.4mm narrower compared to the predecessor GBD-100. To make the watch look even slimmer, the case, bezel and other parts are carefully designed to appear flat when viewed from the side. The band is made of soft urethane to provide outstanding ventilation and flexibility and ensure a snug fit on the wrist. Holes near the lugs that fasten the band to the case ensure breathability, helping to shed perspiration and give the watch a comfortable, airy fit that is great for exercise. The precision 5mm hole-spacing employed for the band allows for precise length adjustments, as well.

The GBD-200 also boasts outstanding functionality. Just pair with a smartphone via Bluetooth® to adjust distances captured by with the watch’s acceleration sensor using smartphone GPS. When the user adjusts this once, the watch will then measure distances with even higher degrees of accuracy,* even when not connected to a smartphone. The watch also measures running pace and comes with an Auto lap feature that automatically keeps track of times over a set distance. When used with the dedicated G-SHOCK MOVE app, the watch offers great support for daily workouts, allowing users to check life logs with data on step counts and calories burned, activity logs, and more, right on the smartphone.

*In comparison with distance measurements made by preceding Casio models using the accelerometer alone. Depends on the accuracy of the smartphone’s GPS function as well.

https://products.g-shock.com/asia-mea/en/_detail/GBD-200-9/

The Bluetooth^® wordmark and logo are registered trademarks of Bluetooth SIG, Inc. and any use of these marks by Casio Computer Co., Ltd. is under license.

Photo – https://mma.prnewswire.com/media/1531590/1.jpg
Photo – https://mma.prnewswire.com/media/1531591/2.jpg

June 15, 2021

Laserfiche Recognized as a Strong Performer in Independent Analyst Report on Content Platform Providers

LONG BEACH, Calif., June 15, 2021 /PRNewswire/ — Laserfiche — the leading SaaS provider of intelligent content management and business process automation — has been named a Strong Performer in The Forrester Wave™: Content Platforms, Q2 2021. Laserfiche was one of 14 vendors evaluated based on the strength of its strategy and current offering.

Laserfiche earned the highest rating possible in the criteria of Packaged Applications, Developer Support, Content Generation Services and Execution Roadmap. According to the report, “[Laserfiche’s] roadmap and cloud-first product vision equip it to scale into larger enterprises, and its market approach continues to have a programmatic focus on key verticals.” The report also states that, “Laserfiche offers strong support for packaged applications and solution templates and supports interchange of these templates via customer and partner communities.”

Laserfiche maintains a cloud-first approach to enterprise content management (ECM), focusing on delivering a flexible, extensible platform that integrates easily with enterprise applications. The company continues to provide industry-leading records management, electronic forms and business process automation capabilities including RPA and smart capture. Laserfiche’s strong customer focus also drives product innovation and deep engagement with its user community.

“Laserfiche continues to drive industry leadership in content-centric process automation,” said Thomas Phelps, Laserfiche CIO and senior vice president of corporate strategy. “We believe that Laserfiche’s cloud-first product vision and commitment to empowering customers in highly regulated industries are why we are positioned as a Strong Performer in The Forrester Wave: Content Platforms.”

The Forrester Wave: Content Platforms, Q2 2021 evaluates vendors against 25 criteria, grouped into three high-level categories: current offering, strategy and market presence. For more information, download the Forrester Wave: Content Platforms, Q2 2021 here.

About Laserfiche

Laserfiche is the leading SaaS provider of intelligent content management and business process automation. Through powerful workflows, electronic forms, document management and analytics, the Laserfiche® platform accelerates how business gets done, enabling leaders to focus on growth across the enterprise.

Laserfiche pioneered the paperless office with enterprise content management. Today, Laserfiche’s cloud-first development approach incorporates innovations in machine learning and AI to enable organizations in more than 80 countries to transform into digital businesses. Customers in every industry—including government, education, financial services, healthcare and manufacturing—use Laserfiche to boost productivity, scale their business and deliver digital-first customer experiences.

Laserfiche employees in offices around the world are committed to the company’s vision of empowering customers and inspiring people to reimagine how technology can transform lives.

Connect with Laserfiche:

Laserfiche Blog | Twitter | LinkedIn | Facebook

Logo – https://mma.prnewswire.com/media/626078/Laserfiche_Logo.jpg

June 15, 2021

LeddarTech Makes a Welcome Return to In-Person Events as a Lead Sponsor and Exhibitor at Tech.AD 2021 in Berlin, Germany

The Westfield AutoSweep POD

Westfield’s AutoSweep POD, the UK’s first fully autonomous pure electric road sweeper, featuring LeddarTech’s Leddar Pixell.

LeddarTech joins Tech.AD Europe as the Lead Sponsor and as both a presenter and exhibitor at this live event at the Titanic Chaussee Berlin, Germany, on July 1-2, 2021. Join LeddarTech either in person or digitally by registering today at autonomous-driving-berlin.com.

QUEBEC CITY, June 15, 2021 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, is excited to be reigniting its physical event calendar as a lead sponsor and keynote speaker of Tech.AD. Tech.AD has long been recognized as one of Europe’s leading technical ADAS and AD conferences. LeddarTech’s CTO Pierre Olivier will serve on the honorary jury for the 8^th Annual Tech.AD Europe Awards. These awards honor individuals and organizations who have designed exceptional solutions or products that contribute to ADAS/AD automotive development.

With a focus on environmental sensing that reimagines ADAS and AD solutions, the LeddarTech team will be participating in several capacities at this event.

Keynote presentation: July 1, 2021, 4:45 p.m. – 5:05 p.m. CET

Topic: Sensing Modalities, Sensor Fusion, and Perception for Autonomous Driving. The speaker, Pierre Olivier, Chief Technology Officer of LeddarTech, will explore the challenges and exciting opportunities facing the ADAS and AD business community.

World Café session: July 2, 2021, 1:15 p.m. – 3:35 p.m. CET

Topic: Sensor Café – Object Fusion vs. Raw Sensor Fusion – What Is the Superior Solution? Moderators: Reza Rashidi Far, PhD, and André Malz, PhD, of LeddarTech’s Strategic Product Management division.

Exhibition booth (6): July 1-2, 2021.

LeddarTech will feature solutions that solve critical sensing and perception challenges across the automotive and mobility value chain. LeddarTech will present these solutions through an innovative approach of on-site and live-streaming demonstrations of:

Mobility and ITS sensors, including the recently released Leddar™ Sight LiDAR and the award-winning Leddar™ Pixell;
LeddarVision™, a sensor-fusion and perception solution that delivers highly accurate 3D environmental models for L1-5 autonomy;
Special Feature: the Westfield AutoSweep, the UK’s first fully autonomous pure electric road sweeper, featuring the Leddar Pixell.

The Westfield AutoSweep POD

Westfield’s AutoSweep POD, the UK’s first fully autonomous pure electric road sweeper, featuring LeddarTech’s Leddar Pixell.

“Our technical teams from Israel, Germany, and Italy are excited to be joining our esteemed colleagues, peers, and partners at Tech.AD. Our much-anticipated return to in-person events is especially significant as we will be showcasing our customer Westfield’s autonomous AutoSweep POD, which features the Leddar Pixell,” stated Daniel Aitken, Vice-President, Global Marketing, Communications, and Product Management at LeddarTech. “Tech.AD provides an excellent opportunity to engage with many leaders in the industry both virtually and in person, and we look forward to demonstrating our latest technology, sharing our vision, and engaging with our customers,” Mr. Aitken continued. “Tech.AD is making all efforts to implement precautions to ensure a safe and fulfilling event for all delegates, and I welcome you to visit us in person or online during the event in July,” concluded Mr. Aitken.

For more information about Tech.AD, visit autonomous-driving-berlin.com.

Prior to Tech.AD register for the Automotive IQ Webinar: June 29, 2021, 11:00 a.m. – 12:00 p.m. ET

Topic: A Clean Sweep: How Adopting Autonomous Vehicle and EV Technology Is Paving the Way to Increased Road Sweeper Efficiency and Safety While Reducing Environmental Impact. Join Pierre Olivier, CTO of LeddarTech and Julian Turner, CEO of Westfield Technology Group, for this Automotive IQ hosted event.

About LeddarTech

LeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision™ sensor-fusion and perception platform and its cost-effective, scalable, and versatile LiDAR development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system integrators to develop full-stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttles, trucks, buses, delivery vehicles, smart cities/factories, and robotaxi applications. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook, and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications, and Product Management, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232
daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/2f336faf-ccca-4167-939e-c1dfcfc4c897

https://www.globenewswire.com/NewsRoom/AttachmentNg/84aebadf-f893-466e-8144-9b31e4d79c26

June 14, 2021

Cuamba Solar PV + Energy Storage Project Breaks Ground In Mozambique

MAPUTO, Mozambique, June 14, 2021 /PRNewswire/ — In a significant step toward a clean energy future, Globeleq, a leading independent power company in Africa and its project partners, Source Energia and Electricidade de Moçambique (EDM) have celebrated the start of construction of the 19MWp (15MWac) Cuamba Solar PV plant and a 2 MW (7MWh) energy storage system.

The Minister of Mineral Resources and Energy, Dr Ernesto Max Tonela, was the official guest at the power plant site in Cuamba where the ground breaking ceremony was held. The project will contribute to the Government’s “Energy for All” strategy, aiming to have universal energy access by 2030.

The US$32 million project is located in the Tetereane District of the city of Cuamba, Niassa province, about 550 kms west of the coastal town Nacala. The project is the first IPP in Mozambique to integrate a utility scale energy storage system and includes an upgrade to the existing Cuamba substation. Electricity will be sold through a 25-year power purchase agreement with EDM.

The project is expected to receive US$19m of debt funding from The Emerging Africa Infrastructure Fund (“EAIF”), a member of the Private Infrastructure Development Group (“PIDG”). Furthermore, the project will receive US$7m in grant funding from PIDG’s Viability Gap Funding (“VGF”) grant facility and a US$ 1m grant from CDC Plus to enable an affordable tariff and the energy storage system.

Jonathan Hoffman, Globeleq’s Chief Development Officer commented: “This project is a trailblazer for future utility-scale energy storage in Mozambique and the region. Cuamba Solar, along with all our energy projects we are working on, cements our ongoing commitment to contribute to the long-term energy security and development of the country on a low carbon pathway.”

Globeleq and Source Energia are also developing one of the first wind projects in Mozambique located near the town of Namaacha 40km west of Maputo. In addition, Globeleq has recently pre-qualified to compete for the 40 MWp Dondo solar power project in Sofala Province and has been selected for two 15MWp solar projects in neighbouring Eswatini.

Pedro Coutinho, Source Energia’s Founding Partner and Managing Director added: “Source is excited to have reached this significant milestone to Mozambique and the Niassa Province with the Cuamba Solar PV and energy storage project. We are committed to work towards developing projects that are in line with the Mozambique energy goals for universal access that are led by EDM.”

Marcelino Gil, EDM Chairman explained EDM’s commitment to the country energy mix based on the abundance of resources in Mozambique, with the visibility to promote clean and renewable energy toward the commitment of universal access to energy to all Mozambicans by 2030.

It is expected the project will need around 100 workers during construction, many of which will be hired from the local community. The Spanish company, TSK, has been appointed as the project EPC contractor. Globeleq will oversee the construction and operations of the power plant, supported by Source Energia.

Logo – https://mma.prnewswire.com/media/612609/GLobeleq_Logo.jpg