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Legislation to counter foreign interference receives Royal Assent

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OTTAWA, ON, June 21, 2024 /CNW/ – The Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs, and the Honourable Arif Virani, Minister of Justice and Attorney General of Canada, highlighted that Bill C-70, An Act respecting countering foreign interference, received Royal Assent on June 20, 2024.

Bill C-70 bolsters Canada’s ability to detect, disrupt and counter foreign interference threats to all people in Canada, including members of diaspora communities, through a series of new measures and legislative amendments to national security and criminal laws. It brings the most significant update to the Canadian Security and Intelligence Service Act (CSIS Act) since the Act was first brought into force in 1984. The Bill also modernizes foreign interference offences in the Security of Information Act and the sabotage offence in the Criminal Code. Finally, Bill C-70 also made changes to the Canada Evidence Act to establish a standardized regime for handling sensitive information in administrative proceedings.

The Bill sets out the framework for a new Foreign Influence Transparency Registry, which will be administered by an independent Foreign Influence Transparency Commissioner. The coming into force date of the Foreign Influence Transparency and Accountability Act (FITAA), which creates the Foreign Influence Transparency Registry, will be set by the Governor-in-Council in the coming months.

The changes to the CSIS Act come into force immediately. Changes to the Security of Information Act, the modernization of the sabotage offence in the Criminal Code, and amendments to the Canada Evidence Act will come into force 60 days after Royal Assent, on August 19, 2024.

The Government of Canada is committed to protecting Canada and individuals in this country from the threat of foreign interference, and to enhancing our collective resilience against malign foreign influence. Together, we can better protect Canadian values, principles, rights and freedoms from malicious actors threatening to harm them.

Quote

“Our intelligence and law enforcement personnel work around the clock to protect Canadians. With Bill C-70 becoming law, they will now be better equipped to detect, disrupt, and counter foreign interference and take action against those seeking to harm our way of life. Thank you to all parliamentarians who worked with us to ensure the swift passage of this legislation.”

– The Honourable Dominic LeBlanc, Minister of Public Safety, Democratic Institutions, and Intergovernmental Affairs

“We now have measures in place that will better protect people in Canada, including diaspora communities, from the threats of foreign interference. These reforms to our criminal and national security laws are key to our country’s safety, security, and democracy. Canada’s democratic institutions are now better positioned to face threats from foreign actors.”

– The Honourable Arif Virani, Minister of Justice and Attorney General of Canada

Quick Facts

Foreign interference includes harmful activities undertaken by foreign states, or those acting on their behalf, which are clandestine, deceptive, or involve a threat to any person to advance the strategic objectives of those states. Foreign interference poses a threat to all orders of government, the private sector, academia, diaspora communities and the general public.In 2019, the Government of Canada announced the Plan to Protect Canada’s Democracy. Measures introduced as part of the Plan include the Critical Election Incident Public Protocol (CEIPP), the Security and Intelligence Threats to Elections (SITE) Task Force, the Digital Citizen Initiative, the G7 Rapid Response Mechanism and the Canada Declaration on Election Integrity Online. The Government is committed to continuously improving its defenses, including elements of the Plan, to ensure Canada remains best protected. On March 6, 2023, the Government of Canada announced a series of measures to take further action on foreign interference and strengthen the public’s confidence in our democracy. From March 10 to May 9, 2023, the Government held public consultations to guide the creation of a Foreign Influence Transparency Registry in Canada.On September 7, 2023, the Government of Canada launched the Foreign Interference Commission to respond to concerns about foreign interference in the 2019 and 2021 federal elections. The Commission is also examining the flow of information within the federal government in relation to these issues, evaluating the actions taken in response, assessing the federal government’s capacity to detect, deter, and counter foreign interference, and will make recommendations on these issues. The Commission released its initial report on May 3, 2024, and will deliver its final report by December 31, 2024.From November 24, 2023 to February 2, 2024, the Government of Canada held additional public consultations that focused on potential legislative amendments to the Canadian Security Intelligence Service Act, the Criminal Code, the Security of Information Act and the Canada Evidence Act.Budget 2023 provided $48.9 million over three years starting in 2023-24 to the Royal Canadian Mounted Police to protect people in Canada from harassment and intimidation, increase its investigative capacity, and more proactively engage with communities at greater risk of being targeted, as well as $13.5 million over five years, starting in 2023-24, and $3.1 million ongoing to Public Safety Canada to establish a National Counter-Foreign Interference Office.Budget 2024 proposes to provide $655.7 million over eight years, starting in 2024-25, with $191.1 million in remaining amortization, and $114.7 million ongoing to the Canadian Security Intelligence Service to enhance its intelligence capabilities.

Related Products

CSIS Act Amendments: Bolstering Canada’s counter-foreign interference legislationForeign Interference and CanadaCanada’s Foreign Influence Transparency RegistrySecurity of Information Act, Criminal Code and Canada Evidence Act Amendments: Bolstering Canada’s counter-foreign interference legislationConsulting on Canada’s Foreign Influence Transparency Registry: What We Heard ReportWhat We Heard and Learned Report: CSIS Act ConsultationsWhat we heard: Consultation on the proposed reforms to the Security of Information Act, Criminal Code and Canada Evidence Act

Associated Links

Government introduces legislation to counter foreign interferencePublic Safety Canada’s Foreign Interference web pagesCSIS 2022 Public ReportGovernment of Canada launches consultation on legislative amendments to counter foreign interference in CanadaGovernment of Canada launches public consultations on a Foreign Influence Transparency Registry in CanadaTaking further action on foreign interference and strengthening confidence in our democracyForeign Interference and YouRapid Response Mechanism (RRM) CanadaCyber Threats to Canada’s Democratic Process: 2023 updateProtecting DemocracyCountering an evolving threat: Update on recommendations to counter foreign interference in Canada’s democratic institutions

SOURCE Public Safety and Emergency Preparedness Canada

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ZNShine Solar Powers Honduras’ Renewable Future with 50MW Patuca Solar Project

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TERRERO BLANCO, Honduras, March 26, 2025 /PRNewswire/ — ZNShine Solar, a global leader in photovoltaic technology, today announced its role as module supplier for the 50MW Patuca Solar Project in Honduras. The project, developed by Empresa Nacional de Energía Eléctrica de Honduras (ENEE) and used Representaciones Mecánico Eléctricas, S.A. (REMESA) as EPC, represents a significant step in the country’s clean energy transition.

Financed through non-recourse debt by the Central Bank Honduras in December 2024, the project utilizes ZNShine’s high-efficiency 12BB PERC Monofacial Double-Glass Modules, selected for their:

Superior durability in harsh weather conditionsEnhanced energy yield for optimal performanceProven wind resistance, ideal for large-scale installations

Scheduled for commissioning in October 2025, the installation will significantly expand Honduras’ renewable energy capacity while supporting national energy security goals.

“Projects like Patuca demonstrate how advanced solar technology can drive sustainable development,” said William Wang, CEO at ZNShine Solar. “Our modules deliver the reliability and efficiency needed for Honduras’ energy future.”

About ZNShine Solar
A BNEF Tier 1 manufacturer and PVEL Top Performer, ZNShine Solar (founded 2006) delivers high-performance PV modules and integrated solutions across 60+ countries. With 10GW+ global capacity and manufacturing bases in China and internationally, the company is recognized for technological innovation in the Global Top 500 New Energy Enterprises.

View original content to download multimedia:https://www.prnewswire.com/news-releases/znshine-solar-powers-honduras-renewable-future-with-50mw-patuca-solar-project-302411874.html

SOURCE ZNSHINE

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Patent Index 2024: US Innovation Remains Strong Despite Global Economic Uncertainties

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U.S. ranks first in European patent applications, followed by Germany, Japan, China, and Republic of Korea European Patent Office (EPO) received nearly 200,000 patent applications last year, with U.S. companies and inventors contributing nearly a quarter of thoseKey sectors for the U.S.: Medical technology, computer technology and digital

MUNICH and NEW YORK, March 25, 2025 /PRNewswire/ — Companies and inventors from around the world filed 199,264 patent applications at the European Patent Office (EPO) last year, according to the Patent Index 2024 published today. The U.S. maintained its position as the top country of origin for European patent applications, followed by Germany, Japan, China, and the Republic of Korea. U.S. innovators filed 47,787 applications, accounting for 24% of the total at the EPO in 2024.

Overall, the high level of patenting activity at the EPO was on a par with the previous year (2023: 199 452, -0.1%), following three years of significant growth. Patent applications from Europe, including all 39 EPO member states, rose by 0.3%, while those from outside Europe fell slightly (-0.4%). Notably, R. Korea saw the strongest growth (+4.2%), China’s growth slowed to +0.5%, while companies and inventors from the U.S. (-0.8%) and Japan (-2.4%) filed fewer applications.    

“Despite global uncertainties, U.S. companies and inventors continue to invest in research and development,” said EPO President António Campinos. “The rapid rise of digital technologies and AI is spurring innovation across all sectors. In 2024, the U.S. was one of the main drivers in advancing computer technology to the top technology field at the EPO. This underscores Europe’s significance as a key technology market for U.S. companies, offering a high-quality patent system that supports the development of strong IP portfolios.”

U.S. Top Fields of Technology: Surge in Computers, led by AI
The leading fields of technology for U.S. applicants at the EPO reflect significant strengths in various high-growth industries. The top three in 2024 were:

Medical technology: top field with 5,995 applications, reflecting continued investment in healthcare innovation, although it experienced a slight decrease of 2.9% compared to 2023.Computer technology: with 5,776 applications, this field saw a significant increase of +11.4% from the U.S. Growth from the U.S. was even higher (+20%) in AI-related fields such as machine learning and pattern recognition.Digital communication: which includes inventions related to mobile networks, accounted for 4,628 applications, but experienced a decrease of 4.8%.

U.S. Tech Companies Lead Innovation Push
Out of all global applicants, six of the top 20 businesses with most applications at the EPO are U.S.-based. They include: semiconductor manufacturer Qualcomm (with 3,015 patent applications, ranking 4th globally), aerospace and defence company RTX (2,061 applications), Alphabet (1,171), Microsoft (1,131), InterDigital (863), and Apple (806).

Samsung back at No. 1 in EPO Applicant Ranking
Samsung was the leading filer of patent applications at the EPO overall in 2024 (having last topped the ranking in 2020), Huawei dropped to second, followed by LG, Qualcomm and RTX.

Further information

View the Patent Index 2024 in full

 

View original content:https://www.prnewswire.com/news-releases/patent-index-2024-us-innovation-remains-strong-despite-global-economic-uncertainties-302411878.html

SOURCE European Patent Office (EPO)

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Canaan Inc. Expands Self-Mining Footprint in North America

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New mining partnerships to add ~4.7 EH/s

Mining machines to be hosted at facilities in Pennsylvania and Texas

Self-mining energization expected in coming months

SINGAPORE, March 26, 2025 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in crypto mining, today announced that wholly owned subsidiaries of Canaan have signed agreements that expand the Company’s self-mining capabilities at two new partners’ mining facilities in Pennsylvania and Texas.

A three-year master colocation agreement has been entered into with Mawson Hosting LLC, an affiliate of Mawson Infrastructure Group Inc. (NASDAQ: MIGI), for its facility in Midland, Pennsylvania. This expansion in Pennsylvania, together with another recently executed 24-month equipment hosting agreement for a facility in Edna, Texas, is expected to add around 4.7EH/s of North American hashrate to Canaan’s self-mining computing power. The majority of this hashrate is expected to be installed by the second quarter of 2025.

“Our team has been evaluating mining sites across North America for several months, patiently looking for self-mining and partnership opportunities that made sense for our business.  We believe that these two new partners have goals that align with Canaan’s and that we can build long-term relationships with them,” said Nangeng Zhang, chairman and chief executive officer of Canaan.  “The U.S. has regulatory policies that support our Company’s ambitions, and we believe that we will be able to find additional partnerships and sites that will help us to increase our presence in the U.S. through self-mining activities and provide us with additional opportunities for mining machine sales.”

“We are delighted to announce the partnership between Canaan and Mawson. This agreement aligns with our strategy of optimizing digital infrastructure and compute management capabilities with the latest-generation machines. By combining Canaan’s cutting-edge hardware and Mawson’s digital infrastructure innovation, we expect to create long-term value that will benefit both companies as well as the overall ecosystem,” said Rahul Mewawalla, chief executive officer and president of Mawson Infrastructure Group Inc.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, Canaan Inc.’s anticipated financing plans and its intended use of proceeds contain forward-looking statements. Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com 

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com 

View original content:https://www.prnewswire.com/news-releases/canaan-inc-expands-self-mining-footprint-in-north-america-302411876.html

SOURCE Canaan Inc.

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