Gopalpur Industrial Park builds INR 65,400 crore investment pipeline, strengthens Odisha’s green manufacturing ambitions

Bhubaneswar, Sept. 1 (UDN): Odisha’s Gopalpur Industrial Park (GIP) in Ganjam district is rapidly emerging as one of India’s key destinations for green energy and advanced manufacturing, with a planned investment pipeline exceeding ₹65,400 crore.

 Representational Image

Developed by Tata Steel Special Economic Zone Ltd (TSSEZL), the nearly 2,970-acre industrial park has attracted a diverse mix of projects spanning green hydrogen, green ammonia, renewable energy equipment, speciality chemicals, tyre manufacturing, mineral processing and food processing.

Green ammonia project marks latest milestone

The newest addition to GIP’s growing portfolio is a proposed 0.4 million tonne per annum (MTPA) green ammonia plant, backed by a memorandum of cooperation involving the Odisha government, Japan’s IHI Corporation, ACME Group, and TSSEZL.

The project also proposes a jetty-less floating terminal, aimed at supporting the export-oriented green ammonia ecosystem from Gopalpur.

Renewable energy manufacturing gains momentum

In another major development, TSSEZL and Tata Power Renewable Energy Ltd have signed a binding land transfer agreement for a proposed ₹10,000 crore manufacturing facility that will produce solar ingots and wafers, strengthening the park’s renewable energy value chain.

TSSEZL Managing Director Manikanta Naik said the vision of transforming Gopalpur into a globally competitive industrial hub is steadily becoming a reality, supported by the state’s investments in power and water infrastructure.

A growing industrial ecosystem

Several companies have either operational facilities or announced investments at GIP, including:

Avaada GreenH2
Ocior Energy
Hygenco
Saatvik Solar Industries
World Green Energy
SRF
ATC Tires
Tata Steel

The industrial park offers ready-to-use infrastructure, including internal road networks, power and water supply, drainage systems, environmental clearances and multimodal connectivity, making it an attractive destination for large-scale manufacturing projects.

Recognition and economic impact

GIP recently received the Smart Industrial Park Award at the Smart Logistics Summit & Awards 2026 held in Bhubaneswar, recognising its infrastructure and industrial ecosystem.

With investments continuing to flow into the park, Gopalpur is expected to generate significant direct and indirect employment while reinforcing Odisha’s position as a leading hub for low-carbon manufacturing and clean energy industries.

24X Completes First Spot Cryptocurrency Trade in BTC

Standard Chartered and Cumberland DRW Served as Counterparties for Inaugural Spot Crypto Trade

HAMILTON, Bermuda, Sept. 1, 2026 /PRNewswire/ — 24X Bermuda Limited (“24X“) today announced that it has completed its first spot cryptocurrency trade on its institutional-grade, multi-asset trading platform, becoming one of a select few global venues that offer both crypto spot and FX trading on a single, unified technology infrastructure.

The inaugural crypto spot trade was executed in Bitcoin (BTC) as part of 24X’s existing strategic partnership with Standard Chartered, a leading international banking group and one of the world’s global systemically important banks (G-SIBs). Standard Chartered acted as liquidity taker and Cumberland DRW served as liquidity provider for this trade. The transaction marks a significant milestone in the continued development of regulated, institutional-grade infrastructure for digital asset markets, demonstrating how established financial institutions and specialist liquidity providers are helping accelerate the adoption of digital assets by institutional investors.

24X CEO and Founder Dmitri Galinov said, “Institutional demand for digital assets has never been stronger, and today’s milestone crypto trade demonstrates that the 24X platform is ready for it. Our crypto trading infrastructure delivers the deep liquidity, rigorous oversight, and the same seamless workflow global financial institutions have come to expect from 24X. We are proud to have Standard Chartered and Cumberland DRW as the counterparties for this landmark transaction, and we look forward to rapidly expanding our crypto spot offering as global markets continue to converge around digital assets.”

John Newman, Standard Chartered’s Global Head of Rates & FX Trading and Head of Markets UK & Europe, said, “Institutional demand for digital assets continues to grow as the market evolves and regulatory frameworks mature. Standard Chartered is committed to providing clients with secure, regulated and institutional-grade access to digital asset markets. This successful trade highlights the strength of our global trading capabilities, robust infrastructure and risk management framework, while demonstrating how regulated banking institutions can help bridge traditional finance and the digital assets ecosystem.”

“We are proud to have served as liquidity provider to Standard Chartered for this milestone Bitcoin trade on 24X,” said Chris Zuehlke, Global Co-Head at Cumberland DRW. “For more than a decade, Cumberland has helped build institutional digital asset markets by providing deep, reliable liquidity backed by DRW’s 30-plus years of expertise managing risk across global financial markets. As institutional adoption accelerates, we remain focused on delivering the execution quality and market infrastructure that enable banks and other institutions to trade digital assets with confidence.”

24X Bermuda Limited’s Cryptocurrency activity is regulated by the Bermuda Monetary Authority. 24X also offers Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products to institutional customers in addition to NDFs. Since its launch in 2019, 24X’s multi-asset offering through a single trading interface has enabled market participants to access increased liquidity at lower cost.

About 24X

24X Bermuda Holdings LLC (“24 Exchange”) is a privately held company with two primary operating subsidiaries: 24X Bermuda Limited, which allows seamless and cost-effective exchange of currency exposures; and 24X National Exchange LLC, the first national securities exchange approved by the SEC to operate 23 hours each weekday. 24X’s mission is to enable cost-effective trades across a growing range of asset classes around the clock. 24X lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/. 24X National Exchange enables retail and institutional customers around the world to trade in U.S. equities via broker-dealers who are approved members. More information about 24X National Exchange is available at https://equities.24exchange.com/home.

About Standard Chartered

We are a leading international banking group, with a presence in 54 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X (Opens in a new window), LinkedIn (Opens in a new window), Instagram (Opens in a new window) and Facebook (Opens in a new window).

Media Contact:

Eric Andrus, KARV

24Xmedia@karv.global

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Machtravel.com and Mach Travel App Open for Public Beta Testing

NEW DELHI, Sept. 1, 2026 /PRNewswire/ — Mach Travel Solutions Limited (BSE: MACHLTD), a publicly listed technology-enabled travel solutions company, today announced that its B2C Online Travel Agency (OTA) platform, Machtravel.com, along with the Mach Travel mobile application, is now open for public beta testing.

During the public beta phase, users can access and explore multiple travel services on Machtravel.com, including Flights, Hotels, Holidays, MICE, Cruises and Visa services. The platform brings these offerings together under a single digital ecosystem, with a focus on technology, ease of use and competitive pricing.

The public beta marks an important milestone in the development of the Company’s B2C travel platform and allows users to experience the platform ahead of its full commercial launch.

The Company invites its shareholders, customers, travel partners and the wider public to explore the website and mobile application, test the booking experience and share their feedback. Inputs received during the beta phase will help the Company further refine the platform, enhance functionality and improve the overall user experience.

As the platform is currently in its beta phase, users may experience slower responsiveness, and certain features and functionalities may continue to be added, modified or optimized. The Company intends to progressively enhance the platform based on real-world usage and feedback received during the testing period.

Commenting on the commencement of public beta testing, Mr. Amit Bhatia, Chairman & Managing Director, Mach Travel Solutions Limited, said:

“Opening Machtravel.com and the Mach Travel App for public beta testing is an important milestone in our B2C journey. Our ambition goes far beyond building another online travel booking platform. Our mission is to revolutionise the way travel is searched, planned and booked by combining technology, a seamless user experience and competitive pricing on a single platform.



This is only the beginning. The platform is currently in beta, and we want our users to be an active part of its evolution. We invite our shareholders, customers, partners and the wider public to test the platform extensively and tell us what works, what does not and what they would like us to build next. Our objective is to continuously improve the platform through technology and customer feedback and build a travel experience that delivers both convenience and value.”

The public beta represents another step in Mach Travel Solutions’ transformation and its strategy to build a comprehensive travel ecosystem across both its existing businesses and emerging digital B2C offering.

Public Beta Website: https://www.machtravel.com/ 

About Mach Travel Solutions Limited

Mach Travel Solutions Limited (formerly Mach Conferences & Events Ltd.) is a publicly listed technology-enabled travel solutions company listed on the Bombay Stock Exchange (BSE: MACHLTD). Incorporated in 2004, the Company provides technology-enabled end-to-end travel solutions across Corporate Travel, MICE, B2B, Leisure and Government & Institutional Projects. The Company is also developing a B2C Online Travel Agency (OTA) platform as part of its strategy to build a comprehensive travel ecosystem.

The Company has a strong pan-India presence with offices in Noida, New Delhi, Kolkata, Mumbai, Bengaluru, Bhubaneswar and Ahmedabad, and is accredited by and associated with leading national and international travel associations, including IATA, GBTA, PATA, IATO, ADTOI, OTOAI, SKAL International, JATA, ICPB, EGAC and NIMA. For more information, please visit https://www.machtravelsolutions.com/. 

Contact Details

Mach Travel Solutions Limited

Ms. Yashashvi Srivastava

Company Secretary & Compliance Officer

Email: compliance@machtravel.com 

Website: https://www.machtravelsolutions.com/ 

Safe Harbour

This release contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Mach Travel’s future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance.

Mach Travel Solutions undertakes no obligation to publicly revise any forward-looking statements to reflect future/likely events or circumstances.

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Zydus Hospital, Ahmedabad crosses 300 Liver Transplants – Highest in Gujarat

The Odyssey of sailing through the tumultuous sea of liver complexities

AHMEDABAD, India, Sept. 1, 2026 /PRNewswire/ — The rise of sedentary jobs, lack of exercise and increased intake of processed foods have slowly driven one of the fastest-growing liver conditions, non-alcoholic fatty liver disease (NAFLD), which now affects 1 in 4 adults^1,2.

Left untreated, it can progress through inflammation (NASH), scarring, and eventually cirrhosis or liver cancer³. This rising disease burden runs headlong into a stark shortage. Zydus Hospital, Ahmedabad, continues to push against this gap, and has recently crossed 300 liver transplants, marking a major liver transplant milestone for Zydus Hospital Ahmedabad.

Liver Transplant surgeries are multidisciplinary endeavours, complex and demanding. Zydus Hospital, through its liver transplant programme in Ahmedabad, challenges the existing limits of surgical capabilities and focuses on a collaborative, multi-disciplinary approach that sees a close coordination of experts across liver transplant surgeon, liver critical care specialist, anaesthesia, hepatologist, gastroenterologist, and nephrology (in case of simultaneous liver-kidney transplantation, or SLKT), who work in tandem to expand horizons for patient benefit.

The team has successfully performed living donor and deceased donor liver transplants, ABO-incompatible liver transplants, paediatric liver transplants, planned transplants for chronic liver disease (CLD), and emergency cases of acute liver failure. “Almost 40% of our patients arrive with acute-on-chronic liver failure (ACLF), and need a transplant within 24 to 36 hours of arriving” says Dr. Anand Khakhar, liver transplant and HPB surgeon in Ahmedabad, who has more than two and half decades of experience and is a recipient of the Dr. B.C. Roy Award. He recalls a 12-year-old boy who was rushed from Junagadh with ALF. “He was comatose, on ventilator support and dialysis. The one thing we could not afford in his case was sepsis or hypotension.” A drop in blood pressure could cause blood vessels to dilate further and rapidly worsen the his condition. “The child’s mother came forward as a donor, and while her evaluations were underway, he developed hypotension and sepsis was suspected,” said Dr. Anand. On closer assessment, the team determined it was necrotic tissue that was producing those symptoms. “We removed the necrotic liver, and stabilised him long enough that we could safely proceed with the transplant,” added Dr. Anand. The boy responded well during post-op and soon returned home. Performing such complex and challenging liver transplant cases need advanced infrastructure. As Dr. Yash Patel, Liver Transplant Surgeon, adds, “At Zydus, we have access to modular advanced OTs, dedicated liver ICUs, advanced MRI facilities, FibroScan imaging along with multidisciplinary support under one roof.”

Younger adults arrive in the same critical state, sometimes with added complications. A 22-year-old architecture student came to Zydus with ALF and was in a similar state. “In his case, in addition to dialysis, we also had to add toxin filters and he only had one suitable donor, his sister, but their blood group did not match,” says Dr. Anand. “We usually need to disable pre-existing antibodies with rituximab as part of a larger protocol that includes plasma exchange but as he was not in a condition to tolerate the rituximab, we ran a continuous plasma exchange until his antibody level came down to a level where his body could tolerate the transplant. We then proceeded with removing his spleen, and then transplanted his liver. The surgery went well and he recovered well” said Dr. Anand. Careful immunosuppression post-op balances the risk of organ rejection against infection risk and supports wound healing. “We have always prioritised the need and safety of our patients. If there are hurdles in the way, we try our best to overcome them,” added Dr. Khakhar.

“We, in India, have a huge burden related to chronic liver disease and its complications. Years back, in our early gastroenterology practice, there was no treatment for patients with advanced liver disease. We are fortunate to have a complete liver unit with an excellent transplant team at Zydus Hospital under one roof. Not only it has given a new hope but also a new life to these patients, who otherwise would have had a very poor quality of life and lifespan,” adds Dr. Nilay Mehta, Sr. Gastroenterologist and Endoscopist.

Dr. Himanshu Sharma, Liver Critical Care Specialist adds, “There is a common misconception that NAFLD which includes NASH is exclusive to individuals who are obese or overweight.” Despite a normal weight, affected individuals can still store harmful visceral fat around the liver. Recently, 37-year-old patient was airlifted from Chandigarh in a dire state. He was diagnosed with lean NASH related CLD. “His pre-op issues were significant and he had lost significant muscle mass. He was 6ft tall and weighed only 43kgs. He came with lower abdominal wall infection and a bad case of cellulitis. We needed to stabilise him before going ahead with the transplant. Our ICU team along with physiotherapy and rehab, put in tremendous work and helped him rebuild his strength over the month he spent with us. He recovered slowly and was discharged. It’s been two years now and he’s doing well and gone back to practicing law,” Dr. Himanshu added. The Liver Critical Care team and the transplant rehab specialist, Dr. Himani Goswami along with Shruti Bhardwaj, Nutritionist, played a tremendous role in his journey to recovery and normalcy.

At the core, Zydus understands the importance of multidisciplinary work across different fields and creates an environment where teams can collaborate and work on demanding cases comprehensively. A 50-year-old man from Raipur, suffering from Autosomal Dominant Polycystic Kidney Disease (ADPKD), was admitted to Zydus Hospital. ADPKD is the most commonly inherited cause of end-stage kidney disease, which sees the development of several large cysts in both kidneys. “This patient needed simultaneous liver and kidney transplantation. Further, his large native left kidney was full of cysts and had to be removed to make space for the transplanted kidney. One large liver cyst contained a large amount of pus, making its removal additionally difficult,” said the team. Several factors complicated his case and transplanting both his organs successfully was indeed a ‘Herculean task’. 

Navigating such dual transplants involve several intricacies due to the stark differences in anaesthesia, critical care goals and pre- and post-op goals of both liver and kidney transplant teams. These and many such diabolically opposite requisites are usually resolved through superior clinical acumen and a higher-order cognitive collaboration between the stalwarts in the field. The team at Zydus includes top Gastroenterologists and Hepatologists in Gujarat including Dr. Nilay Mehta, Dr. Ajay Choksey, Dr. Hardik Kotecha, and Dr. Tejas Modi, renowned Nephrologists, Dr. Himanshu Patel, Dr. Prakash Darji, Dr. Devang Patwari and Dr. Kamal Goplani, Anaesthetists, Dr. Meeta Agarwala, Dr. Kairav Shah, Dr. Vikram Patel, Dr. Paragsinh Gohil and Dr. Nimesh Prajapati, and Radiologist, Dr. Bhavik Shah and team. This cross-discipline integration of such kind ensures excellent patient care and a holistic approach to patient management.

In South-east Asia, almost 80% patients are living donors. In this scenario, donor safety in living donor liver transplantation is of the utmost importance. “To operate on them safely, send them home in good health, and make sure their recovery is unhindered — that’s our goal,” says Dr. Yash. “These donor surgeries are major in their own right, and the focus we put into them is what sets us apart, I feel. Donor safety is very close to my heart” he adds. There is also an urgent need for living donors who can come forward and help create organ donation awareness amongst the community, as liver is a regenerative organ, and a part of it can be donated without disturbing the quality of life. To know more, visit https://zydushospitals.com 

Innovations in medical science are reflected in the evolution of newer, safer and more sophisticated techniques that have significantly enhanced the quality and viability of liver transplants. At Zydus Hospital, Ahmedabad, such advances are translated into clinical excellence and have brought renewed hope to thousands of patients and their families.

References:

^1. Nd AM. Non-Alcoholic Fatty Liver Disease, an Overview. Integr Med (Encinitas). 2019;18(2):42-49.

^2. Hallsworth K, Adams LA. Lifestyle modification in NAFLD/NASH: Facts and figures. JHEP Rep. 2019;1(6):468-479.

^3. Bertot LC, Jeffrey GP, Wallace M, et al. Nonalcoholic fatty liver disease-related cirrhosis is commonly unrecognized and associated with hepatocellular carcinoma. Hepatol Commun. 2017;1(1):53-60.

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PEI-Genesis Expands Asia-Pacific Capabilities with 6th Value-Add Production Facility in Pune, India

PUNE, India, Sept. 1, 2026 /PRNewswire/ — PEI-Genesis, a global leader in the design and assembly of custom-engineered interconnect solutions, proudly announces the expansion of its manufacturing footprint in Asia with the opening of a new production facility in Pune, India.

The Pune facility commenced operations on July 1, 2026, and has already successfully shipped its first customer order, marking an important milestone in PEI-Genesis’s long-term commitment to serving customers across India and the broader Asia-Pacific region. The investment strengthens the company’s regional supply chain while bringing expanded manufacturing capabilities, shorter lead times, and greater flexibility closer to customers.

The Pune facility is PEI-Genesis’s sixth production facility worldwide and its second in the Asia-Pacific region, following the Zhuhai, China, facility. The site will provide value-added assembly of Mil-Spec circular MIL-DTL-38999 series connectors for customers in aerospace, aviation, defense and other demanding industries. Certified to assemble D38999 Series Qualified Parts List (QPL) connectors, the facility will also maintain locally stocked inventory from leading global connector manufacturers for customers in India and across the broader Asia-Pacific region. With 48-hour lead times for value-added connectors, low to no minimum order quantities and the ability for domestic customers in India to transact in Indian Rupees, the Pune facility will deliver faster, more flexible access to critical interconnect solutions while enhancing supply chain efficiency and reliability.

“Expanding our capabilities in Pune is an important step in PEI-Genesis’s long-term commitment to India and the broader Asia-Pacific region,” said Steven Fisher, CEO, PEI-Genesis. “By bringing value-added assembly closer to our customers, we can provide faster access to critical interconnect solutions while giving customers greater flexibility in how they source and configure their products. This investment strengthens our ability to support the region’s growing aerospace, defense, aviation and industrial markets, while reinforcing the qualities PEI-Genesis has delivered for eight decades: technical expertise, speed, reliability and exceptional customer service.”

PEI-Genesis’s expansion in Pune coincides with the company’s 80th anniversary in 2026, celebrating eight decades of innovation, engineering expertise and unwavering commitment to its customers. Founded in Philadelphia in 1946, PEI-Genesis has grown from a strong foundation into a global organization, continually expanding its manufacturing and distribution capabilities to support customers’ evolving needs. Today, the company’s six production facilities across North America, Europe and Asia form an increasingly connected global network, combining local capabilities with worldwide expertise.

The addition of Pune represents the latest chapter in PEI-Genesis’s 80-year journey, strengthening the company’s presence in India and further expanding its ability to bring engineering expertise, value-added assembly and reliable interconnect solutions closer to customers around the world.

“India is a critical growth market for PEI-Genesis,” said Alex Tsui, Vice President & Managing Director, Asia Pacific, PEI-Genesis. “The expansion of our Pune facility reflects our long-term investment in the region and our dedication to helping customers accelerate innovation with reliable interconnect solutions.”

About PEI-Genesis 

PEI-Genesis is one of the world’s fastest assemblers of interconnect solutions. From the largest connector component inventory in the world, they develop engineered solutions that support the military, industrial, medical, aerospace, transportation, and energy sectors worldwide. Headquartered in Philadelphia, PA, PEI-Genesis has production facilities in South Bend, IN; Southampton, UK; Louny, Czech Republic; Zhuhai, China; and Pune, India, as well as sales offices throughout the Americas, Europe, and Asia. More information may be found at www.peigenesis.com.

Media Contact:  

PEI-Genesis

Lisa Quek

Senior Marketing Manager, APAC

lisa.quek@peigenesis.com 

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PARSOL® Shield Approved by FDA, dsm-firmenich Setting a New Era for U.S. Sun Protection

KAISERAUGST, Switzerland and MAASTRICHT, Netherlands, Sept. 1, 2026 /PRNewswire/ — dsm-firmenich, innovators in nutrition, health, and beauty, proudly announces the FDA approval of PARSOL^® Shield (bemotrizinol, BEMT) for the U.S. market, making it the first new sunscreen active approved in the United States in more than 25 years under modernized GRASE (Generally Recognized as Safe and Effective) and MUsT (Maximal Usage Trial) evaluation guidelines.

The approval marks a major milestone for sunscreen innovation and public skin health in the United States, helping expand access to next-generation UV protection while opening new possibilities for formulators across the industry.

“PARSOL^® Shield approval represents an important step forward not only for dsm-firmenich, but for the future of sun protection in the U.S.,” said Parand Salmassinia, Beauty & Care President at dsm-firmenich. “This milestone reflects years of scientific leadership, regulatory collaboration, and commitment to bringing meaningful innovation to consumers.”

Clinical studies with PARSOL^® Shield (BEMT), involving nearly 500 participants representing the diversity of the U.S. population, demonstrated exceptional UV efficacy, excellent tolerability, and an excellent safety profile.

PARSOL^® Shield (BEMT) helps address real consumer needs, from reducing the risk of skin cancer to protecting against long-term UV-induced skin damage and premature photoaging. For formulators, it enables silky, lightweight sunscreen textures with strong photostability and formulation flexibility.

“This approval marks a landmark step for sun protection in the United States,” said Dr. Jochen Klock, Director Global Regulatory Affairs, Beauty & Care at dsm-firmenich. “It closes a longstanding innovation gap in the U.S. sunscreen market and reflects a modern scientific and regulatory standard that can help expand access to advanced UV protection for American consumers.”

Already approved across multiple global regions, PARSOL^® Shield (BEMT) also enables the development of global sunscreen formulations that simplify product strategy, reduce formulation complexity, and accelerate speed-to-market.

Its broad-spectrum protection is a key benefit, while its high efficiency at low concentrations contributes to a strong eco-profile and helps brands address evolving sustainability expectations and reporting requirements.

“Our customers have been waiting for more flexibility and innovation in the U.S. sunscreen market for years,” said Ashley Lebbe, Vice President, Global Sales Beauty & Care at dsm-firmenich. “PARSOL^® Shield opens new opportunities to create future-ready sunscreen solutions with global scalability and elevated consumer experience.”

The approval reinforces dsm-firmenich’s long-standing commitment to public skin health advocacy, including collaborations with regulators, NGOs, legislators, and organizations such as the Skin Cancer Foundation and Destination Healthy Skin initiative.

PARSOL^® Shield

Sun Protection, Redefined.

Discover more

FDA Official Announcement

About dsm-firmenich

As innovators in nutrition, health, and beauty, dsm-firmenich reinvents, manufactures, and combines vital nutrients, flavors, and fragrances for the world’s growing population to thrive. With our comprehensive range of solutions, with natural and renewable ingredients and renowned science and technology capabilities, we work to create what is essential for life, desirable for consumers, and more sustainable for people and the planet. dsm-firmenich is a Swiss company with dual headquarters in Kaiseraugst, Switzerland and Maastricht, Netherlands, listed on the Euronext Amsterdam, with operations in almost 60 countries and revenues of more than €12 billion. With a diverse, worldwide team of nearly 30,000 employees, we bring progress to life every day, everywhere, for billions of people. www.dsm-firmenich.com

LinkedIn | X | Instagram | Facebook 

For forward-looking statements, click here.

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Infineon and Tack One win SICC Award for Best Technological Collaboration

• Singapore International Chamber of Commerce (SICC) honors Infineon and Tack One for Best Technological Collaboration and as finalist for Most Sustainable Collaboration.
• FloodFinder™, a smart urban flood monitoring system, combines Infineon’s sensing and semiconductor technologies with Tack One’s ultra-low-power IoT expertise to deliver real-time, accurate flood detection.
• The palm-sized, solar-powered solution is designed for scalable deployment in urban and rural communities, helping improve flood preparedness and climate resilience.

SINGAPORE, Sept. 1, 2026 /PRNewswire/ — Infineon Technologies Asia Pacific Pte Ltd and Tack One Pte Ltd have been recognized by Singapore International Chamber of Commerce (SICC)  as the winner of the “Best Technological Collaboration” category and as a finalist in the “Most Sustainable Collaboration” category at the 2026 SICC Awards ceremony, for their partnership in developing FloodFinder™, a smart urban flood monitoring system.

The collaboration between the two companies has produced FloodFinder™, a patent-pending, self-sustaining system that enables rapid, real-time flood data collection without the need for external infrastructure. By combining Infineon’s advanced sensing and semiconductor technologies with Tack One’s expertise in ultra-low-power IoT system design, wireless communication, deployment and cloud integration, the solution delivers precise water-level detection through pressure and environmental sensing.

Designed for both urban and rural deployment, FloodFinder™ helps enhance flood preparedness and supports data-driven decision-making for government agencies and communities, even when the energy grid is down. The system is already protecting communities across Brunei, Taiwan, the Philippines, Malaysia and Thailand.

“We are proud to receive this recognition from SICC for our collaboration with Infineon,” said Justin Zhang, CEO of Tack One Pte Ltd. “FloodFinder™ was developed to address a critical gap in urban flood monitoring by combining advanced sensing with ultra-low-power IoT innovation. The result is a practical, scalable and sustainable solution that can be deployed where it is needed most.”

“Together with Tack One, we have developed a solution that brings together advanced sensing, efficient system design and ease of deployment to address an urgent environmental challenge using Infineon’s state-of-the-art XENSIV™ sensors,” said CS Chua, President and Managing Director of Infineon Technologies Asia Pacific. “This recognition from SICC highlights the strength of cross-industry collaboration in creating technologies that are not only innovative and cost-effective, but also scalable, sustainable and capable of delivering meaningful impact for communities.”

The partnership demonstrates how deep technical collaboration between a Singapore-based IoT hardware company and a global semiconductor leader can go beyond a traditional supplier-customer model. Together, Tack One and Infineon co-developed a solution that reduces reliance on external infrastructure, supports energy efficiency and enables scalable adoption in infrastructure-limited environments.

The SICC Awards recognition highlights the role of cross-industry innovation in building resilient, sustainable solutions that address pressing real-world challenges.

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 57,000 employees worldwide (end of September 2025) and generated revenue of about €14.7 billion in the 2025 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press

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Media contact

Moses Mok

e-Mail: moses.mok@infineon.com

Tel.: +6597729383

About Tack One

Tack One Pte Ltd is a Singapore-based IoT hardware and location intelligence company. Its Tack EVO line designs ultra-low-power, infrastructure-light IoT systems, including FloodFinder™, a self-sustaining flood monitoring solution now deployed across Brunei, Taiwan, the Philippines, Malaysia and Thailand, for utilities and government agencies managing climate and water risk. Its Tack GPS line, paired with the OurSphere app, brings the same hybrid connectivity and cloud engineering to consumer location tracking for families, pets and valuables. Across both lines, Tack One focuses on practical, scalable engineering that performs reliably even where power and network infrastructure are limited.

Further information is available at www.tackevo.com and www.tackgps.app

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