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The Third Hong Kong Science Fair Gathers Creative Technologies of the Next Generation

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Over 30,000 Participants Attended the Annual I&T Mega Event 

Gold Award-Winning Teams will Embark on a Journey to the International Exhibition of Inventions Geneva to Broaden Their Horizons

HONG KONG, June 11, 2024 /PRNewswire/ — The third Hong Kong Science Fair (‘Science Fair’), organised by the Hong Kong Innovation Foundation (‘HKIF’), was held on June 8 and 9 at the Hong Kong Convention and Exhibition Centre. The event showcased smart solutions and creative technology projects from 120 teams of local and international primary and secondary school students. Local young talent and experts were also invited to share their accomplishments, demonstrating the prowess of Hong Kong’s new generation of creative technology talent. The two-day signature event attracted more than 30,000 visitors, including parents who brought their children to explore the joy of technology, with games and workshops in interactive zones inspiring an innovative spirit from an early age and promoting the culture of innovation and technology (I&T).

Today’s award presentation ceremony was graced by distinguished guests including Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government; Mr Zhang Zhihua, Director General of the Youth Department of the Liaison Office of the Central People’s Government in the HKSAR; Dr Daryl Ng, SBS, JP, Chairman of the HKIF; Mr David Taji-Farouki, President of the Jury, International Exhibition of Inventions Geneva; and members of the Hong Kong Science Fair judging panel including Mrs Ruth Lau, Supervisor, Li Po Chun United World College of Hong Kong; Professor Anderson Shum, Associate Vice-President (Research and Innovation), The University of Hong Kong; Ir Andrew Young, Associate Director (Innovation) of Sino Group. They have shown their support to the young inventors participating in the event, encouraged them to continue shining in the I&T sectors in Hong Kong and globally, and witnessed the naming of the Gold, Silver, and Bronze award-winning teams across the Primary, Junior Secondary, and Senior Secondary divisions, as well as the ‘Most Popular Award’ voted by the public attendees.

Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, said, ‘The country has recently been advocating the development of “new quality productive forces”, while Hong Kong is moving at full steam to develop into an international innovation and technology (I&T) centre to foster high-quality economic development, and that these are centered on the I&T development. One of the eight major strategies set out by the Government in the “Hong Kong Innovation and Technology Development Blueprint” is to promote an I&T culture for all. The popularisation of science helps enhance the overall I&T atmosphere in the community and facilitate the I&T development in the long run. The Hong Kong Science Fair, through the competition format, encourages students to apply science to address real-life challenges with the “innovative” and “people-oriented” approach. The Government has been making substantial effort to promote STEM education, and the promotion by the community is also crucial. Today’s Science Fair serves as a commendable demonstration of how community-driven initiatives can promote the popularisation of science and technology. The enthusiastic participation and vibrant atmosphere onsite indicate the success of this well-received science event.’

To equip the young inventors with global perspectives, HKIF will support the primary and secondary school teams that won Gold Awards at this year’s Science Fair to participate in the global invention event, the ‘International Exhibition of Inventions Geneva’ in Switzerland, where they will have an opportunity to exchange ideas and share their creative concepts with inventors. ‘The International Exhibition of Inventions Geneva is the largest international invention exhibition in the world,’ said Mr David Taji-Farouki, President of the Jury, the International Exhibition of Inventions Geneva, who came to Hong Kong to participate in the Science Fair for the second time. ‘The recently concluded 49th exhibition featured over 1,000 inventions from around 40 countries and regions. I was delighted to see that the gold award-winning primary and secondary school students from last year’s Hong Kong Science Fair brought their exhibits and showcased their confidence and outstanding communication skills when interacting with people from all over the world during the exhibition. Some of their works were also recognised with awards, demonstrating the creativity of the younger generation in Hong Kong and their global perspective on the application of innovative technologies for tomorrow’s world.’

Dr Daryl Ng, SBS, JP, Chairman of the Hong Kong Innovation Foundation, said during his speech, ‘Innovation and technology are key drivers of nation’s prosperity and sustainable development. The Hong Kong Government is committed to working towards establishing Hong Kong as an international hub for innovation and technology. We are delighted that the Science Fair has received widespread support and participation and is able to play a role in inspiring the I&T journey of young innovators. I notice that many parents participated in the event with their children today, aiming to nurture their interest and capability in I&T. I look forward to seeing these young people utilise technology and an innovative mindset to contribute to society in the future, injecting fresh vitality into Hong Kong’s I&T ecosystem.’

The third Hong Kong Science Fair was successfully concluded with the support of Cyberport, Hong Kong Science and Technology Parks Corporation, The University of Hong Kong, The Hong Kong University of Science and Technology, MIT Hong Kong Innovation Node, and over 40 partners from different sectors in society. The Science Fair received around 330 entries from around 1,400 Primary 4 to Secondary 6 students and teachers representing 130 local and international schools, including about 50 schools participating for the first time. The projects covered categories including ‘Smart City & Smart Home’, ‘Medical & Healthcare’, ‘Sustainability’, and ‘Education’. 120 shortlisted teams presented their innovative concepts and development processes at the Science Fair, and the Gold Awards winners are Ng Clan’s Association Tai Pak Memorial School (Project:「掃」書郎), Pui Shing Catholic Secondary School (Project: 除除善友) and TWGHs Li Ka Shing College (Project: 盲人回憶攝錄機) from the Primary, Junior Secondary and Senior Secondary divisions respectively. Singapore International School (Hong Kong) (Project: Smart Anti-Flooding Environment (SAFE)), St. Stephen’s Girls’ College (Project: 智惜冷藏) and St. Paul’s Convent School (Project: Tide) were voted by the on-site public as the winners of the ‘Most Popular Award’.

The Science Fair featured innovative technological advancements from local universities and institutions, allowing young talent to share their passion and experiences. The showcases included the Surface Sampling and Packing System developed by the research team of the Hong Kong Polytechnic University in collaboration with the China Academy of Space Technology for the country’s first lunar sample return mission, ‘Chang’e 5’, and the first sample return mission to the far side of the moon in human history, ‘Chang’e 6’. The latest generation solar electric vehicle models,  SOPHIE 8 and MOBO-II, developed by the Solar Car Team of the Vocational Training Council, and the Marine-cleaning Robot from a local startup, Clearbot, were also exhibited. The event also invited guest speakers from different institutions to share insights on real-world applications of innovative technologies and their development, fostering collaboration between industry, academia, and the public.

The Science Fair also featured six interactive zones to engage families in the exploration of innovative technologies through games and activities, including the most popular ‘Laboratory Series’ workshops. In the ‘Magic Vit-C’ workshop, participants were able to explore the chemical interactions between vitamin C and fresh cut fruits and deepen their understanding of food science; the ‘Sand-sitivity’ workshop offered a creative learning experience by manipulating the texture and colour of sand to stimulate the senses; while in ‘Draw Me to the Stars’, technology was used to transform physical drawings into a virtual imaginary world, bringing a fantastic immersive experience to the Science Fair.

The above press release is published by Ogilvy Public Relations on behalf of Hong Kong Innovation Foundation.

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SOURCE Hong Kong Innovation Foundation

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VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

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Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

BRISBANE, Australia, July 24, 2026 /PRNewswire-PRWeb/ — VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

VibeBeats gives venues fully licensed, AI-curated Music at a fraction of the cost — one app, one licence, one platform.

Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

Most venues playing music through consumer apps are doing it on the wrong licence. VibeBeats, an Australian-built, AI-powered streaming music for business platform, has launched across Australia and worldwide to fix that — turning any phone, tablet or browser into a fully licensed venue sound system in under five minutes. One agreement covers commercial performance rights across OneMusic and APRA AMCOS in Australia, and ASCAP, BMI, PRS and other rights bodies internationally — the same platform serving a café in Melbourne or a gym in London.

The “Spotify for business” that actually exists

Every month, thousands of venue owners worldwide search for “Spotify for business” — a product that doesn’t exist. Consumer streaming accounts are licensed for personal use only, leaving businesses that play them exposed under copyright law in Australia and virtually every other market. VibeBeats fills that gap: a business music streaming service where the commercial music rights are handled under one agreement — no separate music licence for business paperwork to manage.

“The number one thing we see is venue owners assuming it’s fine to play their personal Spotify account in the café — most don’t realise a licence fee even applies,” said Damien King, founder of VibeBeats. “It’s not bad intent. Licensing is complex, and when you’re running a small business there are a hundred competing priorities. VibeBeats solves it with one app, one licence, one platform.”

What VibeBeats delivers

Fully Licensed for Commercial Use — one agreement covers the rights that would otherwise involve OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more.No Hardware Required — any phone, tablet or browser becomes the venue sound system — set up in under five minutes.AI-Curated Background Music for Business — stations matched to venue type and time of day, from morning coffee trade to peak gym floor to late-night bar.Smart Scheduling — playlists by daypart, with music that keeps running through connection drops.Multi-Venue Dashboard — manage every location from a single account.Simple Pricing — from A$29 per month per venue with a 7-day free trial — no lock-in contracts.

Pricing and availability

VibeBeats is available now from $29AUD/$20US per month per venue, and globally, with a 7-day free trial at vibebeats.ai. Purpose-built stations are available for cafés, gyms, retail and in-store environments, bars and hotels.

About VibeBeats

VibeBeats is an AI-powered commercial music streaming platform for businesses, offering direct-licensed music for cafés, restaurants, bars, retail stores, gyms and hotels. One agreement covers commercial performance rights that would otherwise involve PROs, OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more. Australian-built and available globally, VibeBeats AI streams to any device with no proprietary hardware required. Learn more at vibebeats.ai.

VibeBeats is not affiliated with Spotify.

Media Contact

Damien King, Vibebeats AI, 61 0408009067, hello@vibebeats.ai, https://vibebeats.ai

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Inside information: Valmet initiates a strategic review to evaluate a potential separation of its two segments

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Valmet Oyj’s stock exchange release (inside information) on July 24, 2026 at 9.01a.m. EEST 

ESPOO, Finland, July 24, 2026 /PRNewswire/ — The Board of Directors of Valmet Oyj (“Valmet” or the “Company”) has decided to initiate a strategic review to evaluate a potential separation of its two core businesses, Biomaterial Solutions and Services, and Process Performance Solutions, into two standalone publicly listed companies. The review will focus on assessing whether a separation of the two businesses and their operation as separately listed companies on Nasdaq Helsinki would create additional value for shareholders compared with the current combined structure.

Both Valmet’s core businesses report as separate segments and they have grown into large, mostly independent profitable businesses, each with strong market positions and scale that allow them to succeed independently. With the recent completion of the Severn acquisition taking Process Performance Solutions to approximately EUR 1.7 billion in annual net sales and the renewed operating model now firmly in place, the Board believes this is the right time to assess whether a separation would unlock shareholder value by enabling each business to better realise its full potential.

The Board also notes that the two core businesses operate relatively independently as they serve mainly different customer industries, exhibit distinct business drivers, and have different capital allocation profiles. Biomaterial Solutions and Services is a global technology and lifecycle services business focused on the pulp, board, paper, tissue and energy industries, where its competitive advantage is anchored in a vast installed base, advanced technology, global presence, strong customer references and global services penetration. Process Performance Solutions is a mission-critical automation and flow control business serving a diversified set of industries. Over the past decade, it has evolved from a business primarily focused on pulp and paper into a diversified industrial platform, with close to 70 percent of net sales generated from other industries today.

Based on the Board’s initial assessment, a separation would allow each business to pursue sustainable profitable growth opportunities more independently and efficiently, with the potential for sharper management focus, greater agility, more tailored capital allocation, and more flexible access to external capital to support both organic and inorganic growth. The Board will also assess whether, if implemented, a separation would improve transparency, simplify governance, and allow capital markets to better recognize the full value of both businesses.

Pekka Vauramo, Chair of the Board, said:
“The Board continuously evaluates how to create the greatest long-term value for Valmet’s shareholders. Today, Valmet consists of two strong businesses with distinct markets, growth opportunities and capital allocation needs. Through this review, we will assess whether they can create more value as independent companies than they can together. We will only proceed with a separation if we conclude after detailed analysis that separation is clearly in the best interests of our shareholders.” 

Thomas Hinnerskov, President and CEO of Valmet, said:
“Both of our businesses are well positioned, with strong customer relationships and market positions, as well as talented employees. The review reflects the strength and maturity of both businesses, which we have built through strong execution, organic growth and strategic investments into sizeable and successful operations with the scale, capabilities and opportunities to create further value both together and, potentially, as independent companies. This review does not change our commitment to our customers or our strategy. It is a priority for us to preserve the strength of our full offering and the value our customers gain from services, automation and technology working together. Throughout the process, our focus remains on serving our customers and delivering value for their success.”

Although the strategic review has been initiated, there is no guarantee that the review will result in any transaction, including a separation. The Board will only execute or recommend changes to the Group’s structure if clear evidence of enhanced shareholder value creation can be attained. Valmet will provide an update on the review latest in connection with the publication of its full-year 2026 results.

Further information, please contact:

For investors: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020

For media: Valmet Communications, media@valmet.com

VALMET

Katri Hokkanen
CFO

Pekka Rouhiainen
VP, Investor Relations

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com

Valmet is a global technology leader in serving process industries. We work with our customers throughout the lifecycle, delivering cutting-edge technologies and services, as well as mission-critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of 18,500 professionals close to customers, we are uniquely positioned to transform industries toward a regenerative tomorrow.

In 2025, Valmet’s net sales totaled approximately EUR 5.2 billion. Our head office is in Espoo, Finland, and we have experts in approximately 40 countries around the world. Valmet’s shares are listed on Nasdaq Helsinki.

Follow us on valmet.com | X | LinkedIn | Facebook | YouTube | Instagram |

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Securitas AB Interim Report Q2 2026 | January-June

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STOCKHOLM, July 24, 2026 /PRNewswire/ — 

APRIL–JUNE 2026

Total sales MSEK 37 843 (38 564)Organic sales growth 0 percent (5)Adjusted organic sales growth, 3 percent*Real sales growth within technology and solutions 5 percent (4)Operating income before amortization MSEK 2 824 (2 798)Operating margin 7.5 percent (7.3)Adjusted operating margin, 7.6 percent (7.5)*Items affecting comparability (IAC) MSEK –46 (–166) Earnings per share, SEK 2.88 (2.56)Earnings per share before IAC, SEK 2.94 (2.79)Cash flow from operating activities 87 percent (106)

JANUARY–JUNE 2026

Total sales MSEK 74 054 (78 170)Organic sales growth 0 percent (4)Adjusted organic sales growth, 2 ­percent*Real sales growth within technology and solutions 4 percent (5)Operating income before amortization MSEK 5 283 (5 323)Operating margin 7.1 percent (6.8)Adjusted operating margin, 7.3 ­percent (7.1)*Items affecting comparability (IAC) MSEK 138 (–243) whereof MSEK 213 (–5) related to divestitures Earnings per share, SEK 5.68 (4.86)Earnings per share before IAC, SEK 5.40 (5.15)Cash flow from operating activities 65 percent (56)Net debt/EBITDA ratio 2.2 (2.4) 

*A new key ratio, operating margin adjusted for the government business within SCIS in the process of being closed down, was added as of the second quarter 2025. A new key ratio, organic sales growth adjusted for the same business, was added as of the third quarter 2025. Refer to note 5 for further information.

Comments from the President and CEO

“Continued profitability improvement”

Organic sales growth in the second quarter, adjusted for the close-down of the SCIS government business, was 3 percent. Organic sales growth in North America was supported by both the Guarding and Technology business units, while active portfolio management had a hampering effect on organic sales growth in Europe. 

Real sales growth in technology and solutions reached 5 percent in the second quarter, supported by good performance in Technology in North America. Commercial activity remained healthy in the global technology business with strong growth in installation order intake and backlog.

We execute on our strategy with the share of technology and solutions increasing across all segments but we are not fully satisfied with the overall growth. We have built a strong and differentiated technology-led offering and we are intensifying our efforts to commercialize the capabilities we have built.

We delivered an improved adjusted operating margin in the second quarter, reaching 7.6 percent (7.5), driven by both the technology and solutions and the security services business lines. Operating income increased 3 percent and earnings per share 7 percent. For the first six months earnings per share increased 11 percent.

Cash generation was good, cor­re­spond­ing to 87 percent (106) of oper­at­ing income in the quarter, and 65 per­cent (56) for the first six months of the year. The net debt to EBITDA ratio was 2.2 (2.4).

THE TRUSTED PARTNER IN INTELLIGENCE-LED SECURITY

Our recently announced 2030 strategy positions Securitas as the trusted partner in intelligence-led security, combining global presence and deep security expertise with advanced data, analytics and technology. By leveraging actionable risk intelligence and a more consultative approach, we aim to move further up the value chain, delivering proactive, insight-driven security and strengthening our role as a strategic advisor to clients. In an increasingly complex risk environment, growing demand for professional security ­ser­vices supports our continued growth and competitive position.

The close-down of the SCIS govern­ment business is progressing accord­ing to plan and is expected to be concluded by year-end. As no further activities remain, the strategic as­sess­­­ment program was concluded in the second quarter of 2026.

The shift toward technology and solutions continues to drive prof­itabil­ity improvements. We are also strength­en­ing the performance of our security services business and, as of the second quarter of 2026, have completed portfolio management actions related to underperforming contracts in Europe. Going forward, portfolio optimization will continue as part of normal business operations, with a sustained focus on contract profitability.

CREATING LONG-TERM SHAREHOLDER VALUE

In conjunction with the launch of our strategy, we have updated the Group’s financial targets for the period through 2030. The revised targets include a new headline target of achieving 10 percent average annual earnings per share growth over a business cycle, alongside targets for cash flow, leverage and dividend policy. With a strong focus on quality and innovation, we are accelerating our transformation and remain confident in our ability to deliver sustainable earnings growth and create long-term shareholder value.

Magnus Ahlqvist
President and CEO

PRESENTATION OF THE INTERIM REPORT

Analysts and media are invited to participate in a telephone ­conference on July 24, 2026, at 9.30 a.m. (CEST) where President and CEO Magnus Ahlqvist and CFO Matteo Dall’Ora will present the report and answer questions. The ­telephone conference will also be audio cast live via Securitas’ website www.securitas.com

To follow the audio cast of the telephone conference via the web, please follow the link
www.securitas.com/en/investors/financial-reports-and-presentations/

A recorded version of the audio cast will be available at www.securitas.com/en/investors/financial-reports-and-presentations/
after the ­telephone conference.

For further information, please contact:
Micaela Sjökvist, Vice President, Investor Relations +46 76 116 7443

ABOUT SECURITAS

Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, ­combined with an innovative, holistic approach, we’re transforming the security ­industry. With approximately 322 000 employees in 44 markets, we see a ­different world and ­create sustainable value for our clients by protecting what matters most – their people and assets.

Group financial targets

Securitas has the following financial targets:

Average annual earnings per share growth of 10 percent over a business cycle, excluding items affecting comparability and adjusted for changes in exchange rates, with a >10 percent operating margin ambition long-termOperating cash flow of 80–90 percent of operating income before amortizationNet debt to EBITDA below 2.5xDividend policy of 50–60 percent of annual net income over a business cycle, with excess capital returned to shareholders once stra-tegic growth priorities are met

Securitas AB (publ.)
P.O. Box 12307, SE-102 28 Stockholm, Sweden
Visiting address:
Lindhagensplan 70
Telephone: +46 10 470 30 00
Corporate registration number: 556302-7241

www.securitas.com

This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above,
at 8.00 a.m. (CEST) on Friday, July 24, 2026.

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