Blockchain Press Releases
KEENON Robotics Emerges as Market Leader Once Again with Over 60% Market Share
SHANGHAI, July 18, 2023 /PRNewswire/ — KEENON Robotics, a global leader in cutting-edge service robots and solutions, has once again emerged as the market leader in China’s commercial service robots for the catering industry. According to the latest report by renowned market research institution IDC (International Data Corporation), KEENON Robotics secured an impressive 60.4% market share in 2022, marking the company’s highest-ever share and a significant increase from 48.6% in 2021.
The report, titled “Market Share of Commercial Service Robots in China’s Catering Industry,” reveals that the overall size of the commercial service robot market in China reached USD 169 million in 2022. Furthermore, the CR2 (concentration ratio of the two major players in the market) of the catering service robot market achieves an impressive market share of 83.6%, of which KEENON Robotics dominates over 60%.
The study highlights the polarized nature of the Chinese market for commercial service robots, with leading manufacturers dominating major scenarios such as catering and cleaning. While Gausium leads the cleaning industry, KEENON Robotics that has topped in the catering industry holds over 22% of the overall market share of commercial service robots in China.
The increasing demand for robots and human cooperation, driven by factors such as an aging population, labor shortage, and rising operational costs, has contributed to the growing significance of commercial service robots. These robots are no longer limited to large-scale, low-complexity scenarios but are increasingly utilized in small and medium-scale scenarios with high complexity. According to the United Nations’ “World Population Prospects” report, the number and proportion of the elderly population are also projected to rise globally, with one out of every six people in the world expected to be over the age of 65 by 2050.
Lily Li, IDC China Research Manager for Emerging Technologies, shared her insights on the market: “In 2022, most robot suppliers adjusted their organizational structure and business direction to meet the new development stage of the market. As the pandemic gradually dissipates, the demand from downstream customers will recover, leading to further penetration of service robots in the market. The application of service robots in new industries and scenarios is expanding, and China’s commercial service robot market is expected to make a gradual recovery in 2023.”
Despite the restructuring changes witnessed in the market during 2022, KEENON Robotics not only achieved growth against the prevailing trends but also continued to set the pace. Since 2010, KEENON Robotics has been at the forefront of the service robot revolution, developing advanced robots for delivery, hospitality, retail, education, and more. KEENON’s robots are equipped with a self-developed and fully autonomous position and navigation system, coupled with highly sensitive perception and obstacle avoidance technologies that readily adapt to complicated real-world application scenarios. This advanced technology ensures optimal performance and enhances operational efficiency for businesses.
In addition to offering a wide range of advanced robotic solutions, KEENON Robotics provides a comprehensive one-stop repair and maintenance after-sales service program, offering localized support and expertise to ensure smooth operations for its customers.
With a global presence spanning North and South America, Europe, Asia Pacific, the Middle East, and Africa, KEENON Robotics has established itself as a trusted partner for businesses across the globe. The company strategically locates its subsidiaries in Los Angeles, Dusseldorf, Dubai, Tokyo, Seoul, and Hong Kong SAR, further strengthening its global reach. KEENON Robotics actively collaborates with large local multinational companies in these regions to drive strategic development and support the global adoption of commercial service robots.
Covering over 60 countries and regions worldwide and serving 600+ cities, KEENON Robotics boasts a wide customer base exceeding 20,000. The company continues to deliver innovative solutions and drive the adoption of commercial service robots on a global scale.
For more information and press inquiries, please contact [email protected].
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The new, fully self-owned facility enhances Compass’s capacity and offers customers greater choice for machine deployment
WILMINGTON, Del., Nov. 19, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and services, today announced its acquisition of property and power agreements to establish a state-of-the-art mining facility in Iowa. Construction is already underway on the expandable facility, with an initial 8 megawatts (MW) scheduled for energization in January 2025 and plans for expansion up to 30 MW as Compass pursues additional infrastructure investments.
Located on a 5-acre greenfield site, the new Iowa facility marks a significant step in the Company’s growth strategy, increasing its self-owned infrastructure portfolio. With an Electric Service Agreement (ESA) in place, Compass is on track to energize 8 MW of capacity by January 2025. Once operational, Compass customers will have the option to select “Iowa 4″ as the deployment location for new machines purchased through Compass’s platform.
Compass Mining has traditionally partnered with third-party facilities but is actively working to reduce counterparty risk through ownership of its own sites, such as the new Iowa facility, which is both self-owned and self-operated. This ownership model allows Compass to strengthen control over its operations and offer enhanced flexibility to customers.
“This new site marks an important milestone,” said Shanon Squires, Chief Mining Officer of Compass Mining. “By increasing our self-owned capacity, we can provide our customers greater operational control. At the same time, our partnerships with reliable third-party facilities provide our customers greater deployment flexibility, reflecting both power market dynamics and geographic diversity.”
The Iowa facility builds on Compass’s broader U.S. expansion, following the successful energization of facilities across Kentucky (10 MW) and Nebraska (7.5 MW) earlier this year. In 2024 alone, Compass has energized nearly 50 MW of new power capacity across Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas, with an additional 20 MW planned by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
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View original content:https://www.prnewswire.co.uk/news-releases/compass-mining-expands-into-iowa-with-new-30-mw-bitcoin-mining-facility-302308035.html
Blockchain Press Releases
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
DUBAI, UAE, Nov. 18, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce an Ethiopia-only limited time offer for Bybit P2P users. From now to Dec. 5, eligible makers and users on Bybit P2P can choose a special rewards track while capturing opportunities in P2P trading.
Registration is required for all three events:
1. Merchant-exclusive Event
On Bybit P2P, users may enter the P2P Maker Battle for a share of a 2,000 USDT prize pool. Merchants may get a share of the prize pool by placing a sell ad in the Ethiopian Birr (ETB) on the Bybit P2P marketplace, inviting others to buy USDT.
The prize pool will be divided by the top 10 merchants who trade with the largest number of unique users, and complete a minimum trading volume of 5,000 USDT and minimum number of 50 unique buyers. To qualify, the Merchant must register and submit their UIDs using this form.
2. Cashback Event: Up to 2% for Existing Users
All buyers have a chance at an easy win from another 8,000 USDT prize pool. Existing P2P users may simply trade to reach a minimum of 500 USDT in trading volume to unlock 2% cashback, up to 10 USDT per user.
3. Sharers Get More
Users have another way to access a 2,000 USDT prize pool by using the “share” button to spread the word about their ETB journey on Bybit P2P. The top 10 participants with the highest views will get to tell their stories and take home the rewards. Interested users may use this form to submit their work.
P2P trading is an organic part of the crypto market and an indispensable tool for improving financial inclusion and interconnectivity between community members. Bybit P2P provides a secure and user-friendly peer-to-peer trading solution, enabling users to seamlessly trade among themselves at zero fees.
Bybit offers resources about posting trades on Bybit P2P, and Ethiopian users may visit here for more.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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View original content:https://www.prnewswire.co.uk/news-releases/ethiopia-exclusive-bybit-livens-up-p2p-marketplace-with-12-000-usdt-in-rewards-302308680.html
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
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