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LG OPENS FIRST U.S. FACTORY TO PRODUCE ADVANCED EV CHARGERS

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1 year ago

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Texas Plant Creates New Jobs, Serves Growing EV Charging Infrastructure,
Supports Electrification Movement and America’s Clean Energy Future

FORT WORTH, Texas, Jan. 15, 2024 /PRNewswire/ — Global innovator LG Electronics has opened its first factory in the United States for assembling electric vehicle charging stations. Located in Fort Worth, Texas, the new EV charger production factory will create new jobs and support the growth of America’s EV charging infrastructure.

Commemorating LG’s entry into the U.S. EV charger market, Fort Worth Mayor Mattie Parker and other officials cut the ribbon at the new plant, joining LG Electronics senior executives Alec Jang, President of the LG Electronics Business Solutions Company; H.K. Suh, head of LG’s EV Charging business division; and Nicolas Min, President of LG Business Solutions USA. 

“The EV charger business is a growth engine for LG’s future, supporting the company’s transformation into a smart solutions company,” President Jang said, marking the start of EV charger production for the North American market. “LG will leverage the reliability and uncompromising quality of its chargers, maintenance services and vertical sales capabilities with the goal of becoming a leader in the EV charging business around the world.”

Mayor Parker applauded LG’s longstanding role in the Fort Worth community and underscored the significance of the new factory.  “This is a great day for Fort Worth,” she said, “with this global leader choosing to establish its U.S. manufacturing base for EV chargers and creating new jobs here. We take pride in knowing that LG’s advanced EV charging stations that will be deployed across the United States will be built right here in Fort Worth.”

LG’s U.S. EV charger production factory will have an annual capacity of more than 10,000 units. Initially EV charger operations occupy about 60,000 square feet of the 100,000-square-foot building, leaving room for expansion as the business grows in the years ahead. The new plant, which uses 100 percent green power, builds on LG’s longtime presence as a corporate citizen in Fort Worth, where its million-square-foot distribution center for consumer electronics and home appliances has been located for three decades. This latest investment in Fort Worth by LG Electronics will bring dozens of new tech jobs to North Texas and reinforces LG’s commitment to the region as an innovation and manufacturing hub of the future.

“Today marks a major step in LG’s roadmap to support the electrification of America by making the EV charging infrastructure smarter, more accessible and more profitable for operators,” according to LG Business Solutions USA’s Senior Vice President Michael Kosla. He said the Level 2 and Level 3 EV chargers produced at this factory “will open new opportunities for businesses, municipalities and other public places to support the electrification of America with independently owned and operated charging stations that create new revenue streams, additional marketing and income opportunities, and differentiation with competing businesses.”

Knowing that the U.S. needs hundreds of thousands of new Level 2 and Level 3 chargers to support the growing number of EVs on the road, LG has developed owner-operated EV charging stations so that hotels, restaurants, venues, transit hubs, municipal buildings and other locations are empowered to set their own rates, keep the profits that are generated and ensure enough capacity to meet local demands, according to Kosla.

The first products now being assembled in Fort Worth are Level 2 AC Chargers with a load management solution and variable current settings enabling 11kW of output power through a standard SAE J1772 connector. The Level 2 AC Charger will be designed for simple wall mounting with an optional stand that enables placement anywhere. Model EVW011SK-SN has been certified to UL2594, the Standard for Electric Vehicle Supply Equipment from UL Solutions, and ENERGY STAR®, the U.S. Environmental Protection Agency’s trusted energy and performance standard.

Starting in the second quarter, the plant will assemble LG’s first Level 3 DC Charger, a stand-type model with a connected Power Bank that provides fast charging up to 175kW through CCS1 and NACS connectors. The Level 3 model will feature a large outdoor LCD touch-screen display that can serve multiple functions for various owners and use cases, including generating extra revenue through ad sales. In addition, 350kW ultra-fast-chargers are on this year’s product roadmap.

LG’s EV charger launch supports the company’s broader electrification strategy, which empowers customers to convert to more sustainable energy usage, saving money and improving environmental outcomes in the process. LG’s suite of whole home electrification products includes heat-pump-enabled HVAC systems, water heaters and dryers, energy storage systems, and ENERGY STAR certified smart appliances, including induction ranges and cooktops. To further aid in energy and cost savings, LG’s ThinQ Energy platform allows customers to take control of their home’s energy usage at their fingertips.

For more information, click here. For high-res images and video, click here.

About LG Business Solutions USA
The LG Electronics USA Business Solutions division serves commercial customers in the U.S. lodging and hospitality, digital signage, systems integration, healthcare, education, government and industrial markets – with cutting-edge commercial displays, robots and electric vehicle charging stations. Based in Lincolnshire, Ill., with its dedicated engineering and customer support team, LG Business Solutions USA delivers business-to-business technology solutions tailored to the particular needs of business environments. Ten-time ENERGY STAR® Partner of the Year LG Electronics USA Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics Inc., a $60 billion-plus global force in consumer electronics, home appliances, air solutions and vehicle components. For more information, please visit www.LGSolutions.com.

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SOURCE LG Business Solutions USA

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MetaComp Launches StableX to Redefine Cross-Border FX Payments Powered by Stablecoins

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2 hours ago

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May 14, 2025

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Now integrated with CAMP, MetaComp’s institutional platform, StableX delivers next-generation FX infrastructure purpose-built for the Web2.5 payment landscape -operating 24/7 across major and exotic currencies to support global payment flows

SINGAPORE, May 14, 2025 /PRNewswire/ — MetaComp, a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) to provide Digital Payment Token (DPT) services and Cross-border Money Transfer services, today announced the launch of StableX, the next-generation infrastructure platform purpose-built for cross-border FX payments powered by stablecoins. Developed for cross-border merchants, institutions, payment service providers, fintechs, and global businesses, StableX enables always-on access to foreign exchange with the speed, cost-efficiency, and reliability required in today’s digital-first economy.

With over US$7 trillion traded daily in foreign exchange markets, global FX movement still flows through a complex, fragmented network of legacy systems. StableX offers a forward-looking alternative — enabling institutions to move money across borders more efficiently through stablecoin-powered FX rails that offer real-time execution, reduced friction, and continuous access to liquidity.

At the core of StableX is an intelligent routing engine that dynamically determines the most efficient way to process each transaction — either via stablecoins or US dollars (USD) — depending on which rail offers the best outcome in terms of cost, speed, and settlement certainty. StableX currently supports USDT and USDC, with additional support for other leading stablecoins — including FDUSD, PYUSD, and WUSD — to be implemented very soon as part of an expanded asset offering.

For example, when a client initiates a transfer in Singapore Dollars (SGD), StableX intelligently selects whether to route the funds through one of the supported stablecoins or USD before converting it into United Arab Emirates Dirhams (AED). This ensures faster settlement, more competitive execution, and reduced complexity. Every transaction is optimised for price, speed, and stability — delivering on StableX’s promise of being fast, intelligent, and stable.

“StableX was purpose-built for cross-border B2B payments,” said Ms Tin Pei Ling, Co-President of MetaComp.

“It delivers what businesses need most — 24/7 access, real-time execution, and infrastructure they can trust. With StableX, we’re making it faster, more intelligent, and more stable to move money globally — and we’re doing it with the power of stablecoins.”

“Legacy infrastructure has carried the industry far, but today’s businesses need more agility”, added Mr Eddie Hui, Co-President and Chief Operating Officer of MetaComp.

“StableX bridges that gap by leveraging stablecoins to deliver FX and settlement infrastructure that works in harmony with existing systems — enabling institutions and platforms to scale global flows with confidence.”

StableX is built on MetaComp’s Web 2.5 Core Banking System with a Unified API Gateway, and is fully integrated into Client Asset Management Platform (CAMP) — MetaComp’s institutional platform offering custody, payment services, and OTC transactions. Within CAMP, StableX works seamlessly with the OTC module to enable compliant, high-volume FX transactions across borders with efficient settlement and competitive pricing. It also supports MetaComp’s broader suite of payment solutions — including collection-on-behalf (COBO) and payment-on-behalf (POBO) services — with additional capabilities and innovations set to be rolled out progressively across future phases.

In addition, CAMP also offers clients the opportunity to obtain yield on treasury balances and available liquidity through regulated wealth solutions offered and/or operated by Alpha Ladder Finance, MetaComp’s parent company, which is licensed by the MAS under the Capital Market Services (CMS) and Recognised Market Operator (RMO) regimes.

At launch, StableX will support a core set of popular currency pairs, with plans to scale access to the 31 major and exotic currencies already supported by MetaComp — including AED, EUR, GBP, HKD, SGD, USD, and more. This phased rollout ensures liquidity, operational reliability, and regulatory compliance as users grow their global payment operations.

Built for global business needs, StableX combines deep liquidity aggregation, smart FX routing, stablecoin-fiat conversion, and multi-currency support to power fast, transparent, and cost-efficient cross-border B2B payments, remittance corridors, and platform-based treasury flows — all within a 24/7 environment backed by a MAS-licensed financial institution.

StableX is now live and available via MetaComp’s institutional platform. To request access or learn more, visit www.mce.sg.

-END-

About MetaComp

MetaComp is a leading Singapore-based digital asset platform, licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating on a P2B2C (platform-to-business, partners-to-clients) model, MetaComp enables institutions, payment service providers, fintechs, and global enterprises to confidently navigate cross-border payments and the digital asset economy. With a strong focus on compliance, security, and institutional-grade infrastructure, MetaComp offers an end-to-end suite of digital finance capabilities — including OTC and exchange trading, fiat payment rails, regulated digital asset custody, and prime brokerage.

MetaComp is a subsidiary of Alpha Ladder Finance Pte. Ltd., a MAS-licensed Capital Markets Services (CMS) licensee and Recognised Market Operator (RMO). Through its integrated Client Asset Management Platform (CAMP), MetaComp provides a secure, trusted environment that bridges traditional financial services with digital assets.

MetaComp’s latest innovation, StableX, is a proprietary cross-border FX and liquidity routing platform designed to simplify and accelerate global fund flows. Powered by stablecoins and USD, it intelligently optimises multi-currency conversions and settlements — delivering faster, more cost-effective, and highly competitive cross-border transactions. Built for speed, competitiveness, and stability, StableX unites the flexibility of digital assets with the dependability of institutional-grade infrastructure. As CAMP’s integrated FX infrastructure layer, StableX reinforces a seamless, compliant ecosystem engineered for the future of global finance.

 

 

 

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SOURCE MetaComp Pte Ltd

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NEC Malaysia Gives Back Through Pickleball

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2 hours ago

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May 14, 2025

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KUALA LUMPUR, Malaysia, May 14, 2025 /PRNewswire/ — In celebration of the NEC Group’s 125th anniversary, NEC Malaysia, one of the country’s leading digital transformation players, hosted Smash Barrier, Serve Hope: Giving Back Through Pickleball, a Corporate Social Responsibility (CSR) event with the Hiichiikok Home for Children Care in Kuala Lumpur. The special day featured pickleball coaching sessions and friendly matches, where each underprivileged child was paired with an NEC employee for the day.

The event welcomed children aged 4 to 17, who were introduced not only to the sport of pickleball but also to the exciting world of technology. Pickleball was chosen for the event as it is a sport that is accessible to all ages and skill levels. As it is vital for the youth to gain a strong understanding of technology to help them thrive in an increasingly digital world—and as part of NEC’s commitment to empowering future generations—employees shared stories about innovation, giving the children a glimpse into how technology shapes and improves lives around the world.

“NEC’s 125th anniversary encourages us to reflect on our journey as a trusted partner in transformation. It is also a reminder that trust is built through connection and care,” said Wataru Irie, Managing Director of NEC Malaysia. “This event is proudly organized by NEC Malaysia’s Next Generation Leaders—a committee established under the Managing Director’s mandate to drive transformation across the company. This CSR initiative is one of their many efforts to create meaningful impact. Through programs like this, we aim to inspire the next generation and build a future where technology empowers people of all ages and backgrounds.”

Frieda Ngui, Home Manager of Hiichiikok Home of Children Care, added, “We’re grateful to NEC for spending time with the children. As underprivileged youths, they rarely get such opportunities. The pickleball session and ‘Adopt a Child for a Day’ initiative truly made them feel included, cared for, and joyful.”

NEC Malaysia remains committed to creating positive impacts beyond technology—one meaningful connection at a time. Through the generous efforts of its staff, RM8,000 was raised to provide essential groceries and furniture for the home, further reinforcing NEC’s dedication to community well-being.

About NEC Corporation of Malaysia Sdn. Bhd.
As a globally renowned technological innovator solutions provider, NEC Corporation of Malaysia (established as NEC Malaysia Sdn. Bhd. in March 1988) is one of Malaysia’s leading digital transformation players. The company is a subsidiary of NEC Corporation, which has a proven track record of technological expertise. It is committed to helping fast-track Malaysia’s aspiration to become a Digital Nation. Specialising in areas such as smart connectivity, public safety, managed services, enterprise applications, infrastructure, IP networks, cybersecurity, and multimedia platforms, its presence stretches from Kuala Lumpur to Sunway City Iskandar Puteri. NEC Malaysia’s Centre of Excellence in Sunway City Iskandar Puteri, Johor, provides managed services and serves as a call centre operation for customers in the Southeast Asian region. To learn more, visit https://my.nec.com/.

 

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SOURCE NEC Malaysia

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Hitachi Construction Machinery Revamps ERP Across 17 Overseas Group Companies, Enabling Global Business Visibility

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2 hours ago

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May 14, 2025

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Unified and integrated platform using Microsoft Dynamics 365 for centralized data management across the group

SINGAPORE, May 14, 2025 /PRNewswire/ — Hitachi Solutions, Ltd. (Head Office: Shinagawa-ku, Tokyo; President: Hidetoshi Morita) and Hitachi Solutions Asia Pacific Pte. Ltd. (Head Office: Singapore; President: Koji Matsumura) have modernized the ERP systems of overseas group companies of Hitachi Construction Machinery Co., Ltd. (Head Office: Taito-ku, Tokyo; President and COO: Masafumi Senzaki) using Microsoft Dynamics 365.

By integrating the new ERP with headquarters systems in Japan, Hitachi Construction Machinery has achieved global business visibility. Implementation has been completed across 17 overseas group companies including Asia and will be rolled out next in regions like North America.

Hitachi Solutions and Hitachi Solutions Asia Pacific will continue to support global manufacturing companies in their sustainability transformation (SX) journeys.

Project Overview

The new ERP system for Hitachi Construction Machinery was developed using a common template at the Japan headquarters and efficiently deployed to overseas group companies. By unifying the IT platform, financial data from overseas companies can now be accessed in real time from Japan, enabling global business visibility.

Benefits of Implementation

Refreshed ERP systems across 17 overseas sites (including Asia) using Microsoft Dynamics 365, integrating systems to prevent an increase in operational resources.Integration between the new ERP and Japan HQ systems enables financial data from all 17 overseas locations to be accessible from Japan, allowing centralized data management across the group.Both the Japan HQ and overseas offices have started utilizing data through dashboards for inventory, orders, and sales using Power BI.With support from the Hitachi Solutions Group, including ongoing maintenance and feature enhancements, stable system operations and phased service expansion have been achieved.

Background

Hitachi Construction Machinery is a global company with operations in Asia, Oceania, Africa, the Middle East, Europe, and North America, with overseas sales accounting for more than 80% of its revenue. However, legacy ERP systems used by overseas companies struggled to keep pace with business changes. Key criteria for the new ERP system included comprehensive functionality, long-term stability, and suitability for global deployment. Microsoft Dynamics 365 was chosen for its proven track record and ability to meet these requirements.

The Hitachi Solutions Group was selected as the implementation partner due to its deep expertise in Microsoft Dynamics 365 and its ability to provide flexible support tailored to local business practices through collaboration with overseas group companies.

Customer Comment

Takayuki Onaka, General Manager, IT Solutions Division, DX Promotion Headquarters / Sales Management Systems Department Manager, Hitachi Construction Machinery Co., Ltd.:

“Introducing a high-quality, standardized system has been a major success, laying the foundation for streamlining business processes across the group. The Hitachi Solutions Group also considered our post-implementation support structure, including staffing optimization. Going forward, we look forward to collaborating further on projects like global e-commerce and advanced supply chain reform using Dynamics 365 Intelligent Order Management.”

About Hitachi Solutions Group’s Microsoft Dynamics Business

The Hitachi Solutions Group provides globally consistent solutions with four core strengths: global delivery capabilities, extensive implementation experience, deep industry knowledge, and a strong partnership with Microsoft. Leveraging these strengths, we provide end-to-end global solutions in collaboration with our group companies worldwide.

Moving forward, we will continue to address core system challenges faced by enterprises by offering services such as Microsoft Dynamics 365 solutions—helping customers accelerate decision-making and improve operational efficiency. https://www.hitachi-solutions.co.jp/dynamics/

Customer case study page:

Hitachi Solutions, Ltd. – https://www.hitachi-solutions.co.jp/dynamics/case23/
Hitachi Solutions Asia Pacific Pte. Ltd. – https://global.hitachi-solutions.com/customer-stories/hitachi-construction-machinery/

About Hitachi Solutions

Hitachi Solutions promotes digital transformation through collaborative creation with customers and cutting-edge digital technologies. Our global network—spanning Europe, North America, Southeast Asia, and India—enables us to address challenges faced by society and businesses worldwide.

We strive to contribute to the creation of a safe, secure, and sustainable society where people can live comfortably and businesses can thrive.

Japan Website: https://www.hitachi-solutions.co.jp/
Global Website: https://global.hitachi-solutions.com/

For Inquiries About Our Solutions:

Hitachi Solutions, Ltd. – https://www.hitachi-solutions.co.jp/inquiry/
Hitachi Solutions Asia Pacific Pte. Ltd. – https://global.hitachi-solutions.com/contact-us/

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SOURCE Hitachi Solutions

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