Industrial
CruxOCM Joins the Pipeline Open Data Standard (PODS) Association
Industrial autonomy software provider joins the pipeline industry's data standards community to help shorten automation deployment timelines
Oct 20 · 10:00Newswire.com
1,515 press releases in English indexed under industrial.
Industrial autonomy software provider joins the pipeline industry's data standards community to help shorten automation deployment timelines
Offering Summary: - The Hong Kong Public Offering will open on Tuesday, October 20, 2026 and close at 12:00 p.m. on Friday, October 23, 2026 ; - Total number of Offer Shares under the Global Offering: 37,275,800 H Shares (subject to the Over-allotment Option); - Number of Hong Kong Offer Shares: 3,727,600 H Shares (subject to reallocation); - Number of International Placing Shares: 33,548,200 H Shares (subject to reallocation and the Over-allotment Option); - Maximum Offer Price: HK$21.46 per H share; - Board lot size for trading: 100 H Shares per board lot; - Expected listing date on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”): Wednesday, October 28, 2026. Hong Kong, Oct 20, 2026 - Changzhou Microintelligence Co., Ltd (“Changzhou Microintelligence” or “the Company”, stock code: 03275.HK) announces its Global Offering and proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). Changzhou Microintelligence Co., Ltd. is a technology company focused on Embodied Industrial Intelligent Robots (EIIR). The Company concentrates on the research, development and commercial deployment of embodied intelligence technologies for industrial settings, with its business mainly covering the research and development, production and sale of EIIR products, AI-empowered equipment and modular products. The Company has completed full-stack in-house development of core algorithms, key software and hardware, has built a software and hardware technology system based on its “Cloud-Edge-Device” integrated architecture. Since its establishment, Changzhou Microintelligence has strategically focused on real factory scenarios to advance commercial deployment. As its products roll out at scale on production lines, the Company has continuously accumulated on-site data and built a “data-model-product-redeployment” data flywheel. Its database of precisely labelled unstructured industrial data, accumulated from real industrial settings, provides important strategic support for product iteration, model optimisation and efficient commercial deployment. The Company also continues to invest in research and development to strengthen its competitive barriers in technology and data and commits to driving industrial robots from traditional automation towards intelligence and supports the long-term development goal of flexible upgrading in manufacturing. Changzhou Microintelligence plans to offer 37,275,800 H Shares (subject to the Over-allotment Option), comprising 3,727,600 Hong Kong Offer Shares (subject to reallocation) and 33,548,200 International Placing Shares (subject to reallocation and the Over-allotment Option). The Maximum Offer Price is HK$21.46, and the board lot size for trading is 100 H Shares. The Hong Kong Public Offering commenced on Tuesday, October 20, 2026, and is scheduled to close at 12:00 p.m. on Friday, October 23, 2026 (applications via White Form eIPO service will close at 11:30 a.m. on the same day). The H Shares of the Company are expected to commence trading on the Main Board of the Stock Exchange on Wednesday, October 28, 2026. Assuming the Over-allotment Option is not exercised and the Offer Price is set at HK$19.05 per share (being the mid-point of the Offer Price range), after deducting underwriting commissions and estimated offering expenses, the Company estimates that the net proceeds to be raised from the Global Offering will amount to approximately HK$640 million before the exercise of any Over-allotment Option. The Company intends to allocate the net proceeds from the Global Offering as follows: Approximately 60.3% will be used for core technological research and development to enhance the intelligence and performance of Embodied Industrial Intelligent Robots (EIIR) products; Approximately 10.6% will be used to establish a localised overseas sales and service network and deepen global business presence; Approximately 14.7% will be used for strategic investments and acquisitions to build an open and mutually beneficial application ecosystem; Approximately 4.4% will be used to expand production and manufacturing capacity; Approximately 10.0% will be used as working capital and for other general corporate purposes; Orient Capital (Hong Kong) Limited is the Sole Sponsor. Elbe Rhein Investment Limited is the Cornerstone Investor. About Changzhou Microintelligence Co., Ltd Changzhou Microintelligence Co., Ltd. was founded in 2018, is a provider of Embodied Industrial Intelligent Robots (EIIR) products in China. The Company has built a software and hardware technology system based on its “Cloud-Edge-Device” integrated architecture. It is dedicated to the deep integration of AI and industrial robotics, providing flexible and efficient intelligent solutions to manufacturing customers worldwide and driving the shift in industrial settings from automation to intelligence. The Company principally engages in the research and development, production and sale of EIIR products, AI-empowered equipment and modular products.
Taizhou, China, Oct 20, 2026 - On October 13, 2026, the "Lutian Global Energy Partner Conference 2026," hosted by Lutian Machinery Co.,Ltd.(605259.SH), took place in Taizhou, Zhejiang. The event featured a tour of the company’s production facilities, thematic forums, the launch of comprehensive solar-plus-storage solutions for diverse scenarios, and the signing of strategic partnership agreements. Over 200 key distributors and partners from countries around the world participated, joined by industry experts who engaged in discussions on new energy market trends, technological pathways for solar-plus-storage, and global collaboration. The summit showcased LUTIAN’s full-spectrum solar-plus-storage capabilities—encompassing inverters, batteries, integrated solar-plus-storage units, and commercial/industrial energy storage systems—and introduced an upgrade plan for the company’s global service network. Production Base Tour: Showcasing Manufacturing Systems and New Energy Production Lines During the conference, attendees visited LUTIAN’s Taizhou production base, touring the product showroom, the smart energy center, and the energy storage manufacturing facility. The tour included stops at precision assembly lines, automated quality inspection stations, and mass-production units for energy storage products, demonstrating to global partners how LUTIAN has expanded its manufacturing ecosystem from general power equipment to solar-plus-storage solutions. LUTIAN operates four major R&D centers—located in Taizhou, Shanghai, Chongqing, and Suzhou—along with a CNAS-accredited national laboratory and a laboratory operated in partnership with TUV. With over 300 proprietary intellectual property rights, the company possesses a robust R&D foundation that drives the continuous iteration and advancement of its solar-plus-storage product portfolio. Showcasing Technical Capabilities: From Technology Accumulation to Solution Implementation At the conference, LUTIAN systematically presented its solar-storage solutions for the global market, covering four major categories: energy storage inverters, energy storage batteries, integrated photovoltaic and energy storage systems, and commercial and industrial (C&I) energy storage systems. The power range covers 500 W to 250 kW, and the energy storage capacity ranges from 1 kWh to 5 MWh. This series of products targets diverse scenarios such as home energy storage, outdoor operations, emergency backup power, and small commercial and industrial applications, featuring modular design, flexible capacity expansion, and plug-and-play capabilities. LUTIAN stated that the company has accumulated extensive technical patents in core components such as inverters, BMS, and EMS, and uses AI to optimize energy scheduling and improve system operating efficiency. LUTIAN also revealed that it is laying out next-generation energy infrastructure along the main line of power electronics, expanding into areas such as AIDC intelligent computing center integrated power supply and SST solid-state transformers. Market Assessment: Global Energy Storage Demand Shows Structural Growth During the conference, LUTIAN shared its assessment of the global energy storage market from an industry perspective. The company believes that demand for residential energy storage remains strong in high-electricity-price regions such as Europe and North America, while regions with weak power infrastructure, such as Africa and Southeast Asia, have a rigid demand for emergency backup power and off-grid solutions. The global energy storage market is showing a trend of structural growth. This assessment aligns with LUTIAN’s own business performance. In full-year 2025, the company’s energy storage business achieved revenue growth of 347.93% year on year, and its second growth curve is accelerating its formation. Global Footprint: Focusing on Overseas Markets and Upgrading Service Networks In terms of market strategy, LUTIAN has clearly prioritized overseas markets, continuing to deepen its presence in key regions where it holds a competitive advantage. In response to the industry trend toward the commoditization of photovoltaic energy storage hardware, LUTIAN has announced an upgrade to its global service network, shifting the focus of competition from product performance to service capabilities and long-term asset value. The company is advancing the development of its service system across four dimensions: digitalization, localization, standardization, and normalization. LUTIAN has pledged to uphold its partnership commitments—characterized by efficient responsiveness, transparent processes, a focus on empowerment, and shared risk—while leveraging a service system that spans the entire product life cycle as its core competitive advantage. Signing of Cooperation Agreement: Reaching a strategic partnership intent with key partners During the conference, LUTIAN reached a strategic cooperation agreement with a key strategic client, and an on-site signing ceremony was held. The partnership will focus on areas such as expanding into the new energy market, developing distribution channels, and promoting products. At the conference, LUTIAN reaffirmed its long-term partnership positioning: for partners already operating within the new energy sector, LUTIAN provides support rooted in shared technological origins, an unwavering commitment to quality, and end-to-end supply chain delivery capabilities; For partners who have yet to enter the new energy sector, LUTIAN is prepared to share its resources—including technology, manufacturing capabilities, certifications, and market access—to help facilitate a smooth transition from traditional power sources to new energy solutions. About LUTIAN Founded in 2002 and listed on the Main Board of the Shanghai Stock Exchange in 2021 (stock code: 605259), Lutian Machinery Co., Ltd. is an enterprise dedicated to the R&D, manufacturing, and sales of general-purpose power machinery, high-pressure washers, and new energy storage products. The company operates four R&D centers—located in Taizhou, Shanghai, Chongqing, and Suzhou—as well as five production bases, with products exported to over 100 countries and regions worldwide. In recent years, LUTIAN has accelerated its strategic deployment in the solar-plus-storage sector, building an end-to-end energy ecosystem that encompasses power generation, storage, and consumption. Its energy storage business is rapidly emerging as the company’s second growth curve. Company: Lutian Machinery Co.,Ltd. Contact Person: Dillon Wang Email: zkk@chinalutian.com Website: https://www.chinalutian.com/ Telephone: +86-576-82620999 City: Taizhou, Zhejiang, China
REYKJAVIK, Iceland and LONDON, Oct. 20, 2026 — Alvotech (NASDAQ: ALVO; ALVO-SDB), a global biotechnology company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that the U.S. Food and Drug Administration (FDA) has approved a new manufacturing process for SIMLANDI® (adalimumab-ryvk), Alvotech’s biosimilar to Humira® (adalimumab). The FDA … Continue reading "Alvotech receives FDA approval for new SIMLANDI® manufacturing process that more than doubles output per batch"
Developed by Songon Energies S.A., Songon power plant is built to strengthen energy security and support future growing electricity demand in Greater Abidjan GE Vernova 9E turbine technology to support reliable power delivery for industrial growth and millions of households Infrastructure development expected to create up to 1,400 new jobs and drive positive community impact GE Vernova (https://www.GEVernova.com/) announced today that it will provide the gas power technology for the new Songon combined-cycle power plant, located in the Songon region near Abidjan, Côte d’Ivoire. Following the signing of financing agreements (https://apo-opa.co/3U5xBxI) last June, Songon Energies (https://apo-opa.co/483QKTX) - Ivorian development investment company focused on advancing energy infrastructure – selected GE Vernova to supply a 9E gas turbine and generator. The plant – to be built by the EPC contractor China Energy International Engineering Co., Ltd. - is expected to deliver 372 megawatts (MW), a capacity equal to the power needs of approximately 5 million Ivorian homes. Download infographic: https://apo-opa.co/3UBqA7W Supporting a growing national energy landscape. Côte d’Ivoire has made significant progress, reaching an electrification rate of 94.3 percent by 2024 through initiatives like the “Electricity for All Program” (PEPT), in line with the national goal to achieve universal electrification and improved power quality by 2030. Despite these gains, the nation faces an annual demand growth rate of 10 to 15 percent and rural areas still require expanded access. In this energy landscape, this new power plant will help fill a critical gap. The facility is projected to represent up to 12 percent of the country’s total installed base upon its scheduled 2029 operational launch, playing a vital role in meeting these ambitious development targets. Furthermore, the project is expected to generate up to 1,400 new jobs, creating economic opportunities for the local community. "The Songon Energies project is designed to strengthen energy security and support future growing electricity demand growth in the Greater Abidjan region while reinforcing the country's position as a regional energy hub in West Africa," said Mr. Wang Xiaoming, Deputy General Manager (Acting CEO) for Songon Energies. “The facility is expected to ease energy pressure on the Abidjan metropolitan area, providing a reliable foundation for the development of skilled workers, the growth of industrial zones, the expansion of small and medium-sized enterprises, and a tangible improvement in the daily lives of millions of Ivorian households. We selected to work with GE Vernova for this new power plant, because of our deep trust in their efficient technology and their constant, proven presence in Côte d'Ivoire, which gives us great confidence in the long-term success of this facility." “We are honored to support Songon Energies with our proven 9E technology for this crucial infrastructure project," said Joseph Anis, CEO of Gas Power in Europe, Middle East, and Africa at GE Vernova. "Our commitment to power plant operators is rooted in delivering advanced gas power technology that provides the reliable, dispatchable energy necessary for long-term growth and positive community impact. Beyond the turbine island, we look forward to applying our expertise in powering the HV sub-station, providing digital software, and long-term services to support the broader energy system in its goal to enhance grid stability, operational efficiency, and local prosperity." GE Vernova’s commitment to Côte d'Ivoire remains steadfast, built upon a long history of supporting the nation’s electrification goals. The company’s footprint in the country centers on a large installed base, key power transmission hardware, digital software deployments, and long-term service contracts. GE Vernova utilizes its global expertise and local presence to help power plant operators increase power capacity, while supporting a more secure and reliable energy future. Distributed by APO Group on behalf of GE Vernova. Notes to editors: For further information: : Laura Aresi laura.aresi@gevernova.com Abeer Masood Abeer.masood@gevernova.com About GE Vernova: https://apo-opa.co/4dIF9x2) and LinkedIn (https://apo-opa.co/4ySoaRg) GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and power plant technologies and services with the industry’s largest installed base. Forward Looking Statements:
VODNJAN, Croatia, October 20, 2026--Global AI-first cloud communications platform Infobip strengthens its collaboration with Yamaha Indonesia Motor Manufacturing (YIMM) to transform customer engagement through WhatsApp-powered conversational experiences designed to drive stronger personalization and fa
Schneider Electric reveals water is now one of the biggest risks to industrial business, ranking as highly as cyber-attacks & supply chain disruption
President Hakainde Hichilema has warned mining companies against holding mineral licences for speculative purposes, saying Government will enforce a “use it or lose it” policy to ensure Zambia’s mineral wealth contributes to economic growth and job creation. Speaking at the 2026 Zambia Mining and Investment Insaka in Lusaka today, President Hichilema said Zambia’s target of producing three million metric tonnes of copper annually could be achieved by unlocking stalled mining projects, expanding operations and increasing exploration across all provinces. He cited the revival of Konkola Copper Mines (KCM) and the Konkola Deep Mining Project (KDMP) as key developments, saying stakeholders had agreed that the mine should contribute 300,000 tonnes towards the national production target. The President urged mining companies to move beyond conventional corporate social responsibility initiatives, arguing that employment, skills development and contracts for local businesses offered greater long-term benefits to communities than isolated donations. He cited Lumwana Mine and the US$1.3 billion S3 expansion at Kansanshi Mine as examples of projects incorporating local contractors and young people into mining operations, manufacturing and supply chains. Mr. Hichilema also highlighted the Kitumba Greenfield project in Mumbwa District, which was unlocked after years of litigation, as an example of how resolving investment bottlenecks could stimulate provincial economic activity. He said Government had invested nearly US$100 million in a nationwide, high-resolution geophysical mapping survey covering Zambia’s 752,000 square kilometres to reduce exploration risks and attract investment. On regional cooperation, President Hichilema called on Zambia, the Democratic Republic of Congo and Botswana to establish cross-border joint ventures and harmonise standards in critical minerals and energy. He said reliable electricity generation, shared transmission infrastructure and an open-access energy market were essential to supporting deep-level mining and mineral beneficiation, which adds value to minerals before export. The President urged the three countries to strengthen regional partnerships and build the scale needed to compete in global mineral markets. Speaking at the same occasion, Botswana’s Minister of Minerals and Energy, Bogolo Joy Kenewendo, called on African countries to move beyond exporting raw minerals and invest in local processing, manufacturing and technology to retain more economic value on the continent. Ms Kenewendo, who represented Botswana President Duma Gideon Boko, urged Botswana, Zambia and the Democratic Republic of Congo (DRC) to strengthen regional integration and invest in shared infrastructure to develop mineral-based industries and regional value chains. She said Africa had for too long exported raw materials while other economies captured the benefits through processing, manufacturing and technological advancement, adding that the model could no longer define the continent’s economic future. Ms Kenewendo noted that Botswana, which had built its development foundation on the responsible management of diamond resources, was diversifying into copper, base metals and critical minerals. She said the move was intended to position Botswana and the wider Southern African Development Community (SADC) region as leading global mining jurisdictions, while promoting industrialisation, job creation and greater regional economic cooperation. Democratic Republic of Congo Minister of Mines Louis Watum Kabamba said Zambia and the DRC shared the copperbelt stretching between Kolwezi and Ndola, with significant deposits of copper, cobalt and other minerals critical to the energy transition. He said mining success should be measured not only by production and exports, but also by the jobs, infrastructure and skills generated within local economies. Mr Kabamba urged the two countries to pursue complementary industrial development rather than compete unnecessarily, citing the proposed battery and electric vehicle value-chain project linking Musompo and Ndola. He also called for investment in reliable rail infrastructure to ease truck congestion at border crossings, particularly Kasumbalesa, alongside stronger cooperation in geological research, mineral traceability and efforts to curb illicit mineral trade. He stressed that regional industrialisation and shared prosperity depended on peace, stability and respect for national sovereignty. Distributed by APO Group on behalf of State House, The Republic of Zambia.
Guide Explores Mandated Fire Oversight Requirements and Best Practices for High-Risk Industrial Worksites
AMSTERDAM, October 20, 2026--Regulatory News: CTP, Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area (GLA), has signed a lease with Pepco, a leading European values retailer offering clothing for the whole family, as well as household go