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L’Oréal Big Bang Beauty Tech Innovation Program Ignites Innovation Across North Asia

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Trailblazing Initiative Expands to Hong Kong SAR and Taiwan Region, Cementing L’Oréal’s Leadership in Regional Beauty Tech Open Innovation

SHANGHAI, June 21, 2024 /PRNewswire/ — L’Oréal’s groundbreaking Big Bang Beauty Tech Innovation Program (Big Bang) is now officially active across all of its North Asia markets with the momentous launch in Hong Kong SAR today, ushering in a new era of beauty innovation for consumers in the region and putting L’Oréal North Asia Zone’s “Beauty Triangle” strategy in action. The strategy seeks to maximize synergies and accelerate collaboration, leveraging the unique and powerful North Asia ecosystem and the transversal synergy of China-Beauty, Korea-Beauty and Japan-Beauty.

First launched in Mainland China in 2020, Big Bang embraces open innovation to develop disruptive beauty solutions in partnership with startups and innovators. The program fosters the co-creation and co-development of innovative beauty products and experiences. Its expansion to Japan and Korea in 2023, followed by recent launches in Hong Kong SAR and Taiwan, underscores L’Oréal’s commitment to spearheading cutting-edge beauty solutions throughout North Asia. The program’s success has also inspired its launch in the L’Oréal South Asia Pacific, Middle East, and North Africa region just last month.

Each market tailors its Big Bang program with a unique theme, reflecting regional strengths and fostering local partnerships. L’Oréal Taiwan initiated its recruitment for Big Bang in March, focusing on a “Green Beauty Consumer Journey.” Through collaboration with Taipei Computer Association (TCA), the program champions local sustainability innovations for a circular economy, eco-friendly design, and enhanced consumer engagement.

L’Oréal Hong Kong’s recent launch introduced the city’s first open innovation accelerator dedicated to the beauty industry. Partnering with the Hong Kong Science and Technology Parks Corporation (HKSTP) and Business France Hong Kong, the program prioritizes “Customer Experience Transformation.” The goal is to craft immersive, multi-sensory experiences within brand spaces, elevating customer interactions and bringing brand stories to life in captivating new ways.

L’Oréal Japan and Korea both celebrated successful first years of the program, with participants gaining significant recognition and several already collaborating with L’Oréal. Building on this momentum, L’Oréal Japan will continue its strategic partnership with the Ministry of Economy, Trade and Industry to advance research and innovation (R&I) in cutting-edge skin and hair care technologies. Similarly, L’Oréal Korea, having formalized its collaboration with the Ministry of SMEs and Startup through an MOU at Viva Tech 2023, will deepen its focus on R&I while expanding the program with a dedicated digital track.

As the origin point of the Big Bang program, L’Oréal China continues its trajectory of impactful progress, covering comprehensive tracks including Future Science, Phygital Consumer, Operation 4.0, Gen AI and Sustainability. Fostering increasingly sophisticated projects and achieving tangible results. This is exemplified by the recent Viva Technology event, where CITIBIOTECH, a French startup specializing in 3D skin printing and winner of the Big Bang China French Channel, signed a strategic MOU with “Oriental Beauty Valley,” a Chinese government-affiliated incubation organization. This partnership will pave the way for CITIBIOTECH’s successful entry into the Chinese market. This milestone represents the first achievement stemming from a partnership agreement signed by L’Oréal, Business France, and the Oriental Beauty Valley during French President Emmanuel Macron’s state visit to China in April 2023. 

Launched in 2021 with Business France as a strategic partner, the Big Bang China French Channel empowers cutting-edge French startups to expand their reach into the Chinese market. It has successfully recruited around 50 French startups to participate in the Big Bang China program by 2023. 

Since its inception, Big Bang has engaged over 2,000 companies, brought more than 50 business projects to fruition, and fuelled real-world innovation. A prime example is the nanochip technology developed by a previous Big Bang China participant, now featured in Lancôme’s RENERGIE NANO-RESURFACER| 400 BOOSTER, debuting at VivaTech.

Big Bang provides startups and SMEs with an invaluable platform to scale their businesses, connect with government agencies, industry leaders, and investors, and showcase their innovations on a global stage at events like the China International Import Expo (CIIE) and Viva Technology. L’Oréal’s investment in Shinehigh, winner of the 2022 Big Bang China program, exemplifies the company’s dedication to nurturing and accelerating promising beauty tech ventures.

As Big Bang takes root across North Asia, it promises to usher in a new era of beauty innovation, one where technology, creativity and co-creation converge to deliver exceptional and personalized experiences for consumers. L’Oréal is proud to be at the forefront of this exciting evolution, solidifying its position as a beauty tech leader in the region and beyond.

About L’Oréal Groupe

For 115 years, L’Oréal, the world’s leading beauty player, has devoted itself to one thing only: fulfilling the beauty aspirations of consumers around the world. Our purpose, to create the beauty that moves the world, defines our approach to beauty as essential, inclusive, ethical, generous and committed to social and environmental sustainability. With our broad portfolio of 37 international brands and ambitious sustainability commitments in our L’Oréal for the Future programme, we offer each and every person around the world the best in terms of quality, efficacy, safety, sincerity and responsibility, while celebrating beauty in its infinite plurality.

With more than 90,000 committed employees, a balanced geographical footprint and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, perfumeries, hair salons, branded and travel retail), in 2023 the Group generated sales amounting to 41.18 billion euros. With 20 research centers across 11 countries around the world and a dedicated Research and Innovation team of over 4,000 scientists and 6,400 Digital talents, L’Oréal is focused on inventing the future of beauty and becoming a Beauty Tech powerhouse.

More information on https://www.loreal.com/en/mediaroom

About L’Oréal North Asia Zone

L’Oréal North Asia Zone was established in 2021 as L’Oréal Groupe regrouped the geographical scope of its zones to give greater coherence to consumer behaviour and to create synergy within the region. The North Asia Zone comprises of five geographically and culturally connected markets of Mainland China, Hong Kong SAR, Taiwan Region, Korea and Japan.

L’Oréal North Asia Zone is the second largest region within the Group, accounting for 25.9% of the Group’s global sales in 2023. Situated in the most beauty intense region with more than one-third of the world’s total beauty consumers, L’Oréal North Asia shapes the future of beauty with its innovation centres in Shanghai, Tokyo and Seoul, while investing in beauty tech transformation as one of the three beauty tech hubs globally. Here, our mission is to strategize, create and activate a powerful ecosystem around the North Asia Beauty Triangle as a competitive edge to unleash sustainable growth for all and inspire the world.

About L’Oréal Big Bang Beauty Tech Innovation Program

L’Oreal Big Bang Beauty Tech Innovation Program (Big Bang) is the first regional initiative focused on driving open innovation, inspiration and co-creation of innovative beauty products and experiences.  The program discovers, supports and nurtures promising start-ups and companies with innovative technology that can be scaled regionally and globally. 

 

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SOURCE L’Oréal North Asia

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LION ELECTRIC ENTERS INTO DEFINITIVE AGREEMENT WITH A GROUP OF QUEBEC BASED INVESTORS

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MONTREAL, May 15, 2025 /CNW/ – The Lion Electric Company (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today that following the conclusion of the sale and investment solicitation process (“SISP”) conducted under the supervision of the Superior Court of Québec (Commercial Division) (the “Court”) and Deloitte Restructuring Inc., as Court-appointed monitor of the Company and its subsidiaries, in connection with the restructuring proceedings (the “CCAA Proceedings”) of the Company and its subsidiaries instituted on December 18, 2024, under the Companies’ Creditors Arrangement Act (Canada), the Company entered into a subscription agreement (the “Definitive Agreement”) with 9539-5034 Québec Inc. (the “Purchaser”), a corporation newly incorporated for the sole purpose of completing the transactions contemplated by the Definitive Agreement on behalf of a consortium comprised of Quebec based investors. The execution of the Definitive Agreement is the culmination of the Company’s aforementioned SISP in the context of the CCAA Proceedings.

The transactions contemplated by the Definitive Agreement are to be implemented by way of reverse vesting order (the “Reverse Vesting Order”) to be issued by the Court. The Reverse Vesting Order shall approve the Definitive Agreement and the transactions contemplated thereby, including the following: (i) all of the issued and outstanding common shares of the Company, including those currently held by the public, as well as any and all options, warrants and other instruments exercisable into, or convertible or exchangeable for, common shares of the Company, will ultimately be cancelled for no consideration, (ii) certain excluded assets and excluded liabilities of the Company and its subsidiaries will be vested-out and transferred to entities newly-incorporated for such purposes, and (iii) the Purchaser will subscribe for a new class of common shares in the capital of the Company, as a result of which, upon closing of the transactions contemplated by the Definitive Agreement, the Purchaser will be the sole shareholder of the Company.

The Company has applied to the Court for the issuance of the Reverse Vesting Order and expects the Reverse Vesting Order to be granted on May 16, 2025, with the closing of the transactions to occur shortly thereafter, subject to fulfillment or waiver, as applicable, of other closing conditions customary for transactions of this nature.

The Company has also applied to the Autorité des marchés financiers in order to obtain a decision partially revoking the failure-to-file cease-trade order (“FFCTO”) currently in effect over the securities of the Company solely for the purposes of allowing the Company and the Purchaser to complete the transactions contemplated by the Definitive Agreement.

Following completion of the transactions contemplated by the Definitive Agreement, the Company intends to apply for a full revocation of the FFCTO and to cease to be a reporting issuer order in all of the provinces and territories of Canada.

Related Party Transaction Disclosure

The Purchaser is a “related party” of the Company as a result of Mr. Pierre Wilkie, a director of the Company, forming part of the consortium, and, accordingly, the transactions contemplated by the Definitive Agreement would constitute a “related-party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). As a result of the Company being insolvent and the transactions contemplated by the Definitive Agreement not providing any recovery to holders of the Company’s equity securities, and subject to the orders to be granted by the Court under the Reverse Vesting Order, the Company intends to rely on the exemptions to the formal valuation and majority of the minority approval requirements provided under Section 5.5(f) and 5.7(d), respectively, of MI 61-101. 

ABOUT LION ELECTRIC

Lion Electric is an innovative manufacturer of zero-emission vehicles, including all electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles’ components, including chassis, battery packs, truck cabins and bus bodies. 

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (collectively, “forward-looking statements”), including statements regarding the transactions contemplated by the Definitive Agreement and the expected closing of such transactions, the issuance of the Reverse Vesting Order by the Court, the issuance of an order partially revoking the FFCTO over the securities of the Corporation, and the expectations that the Company cease to be a reporting issuer following completion of the transactions. Forward-looking statements may be identified by the use of words such as “believe,” “may,” “will,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “project,” “potential,” “seem,” “seek,” “future,” “target” or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements may contain such identifying words. The forward-looking statements contained in this press release are based on a number of estimates and assumptions that Lion believes are reasonable when made. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. For additional information on estimates, assumptions, risks and uncertainties underlying certain of the forward-looking statements made in this press release, please consult section 23.0 entitled “Risk Factors” of the Company’s annual management’s discussion and analysis of financial condition and results of operations (MD&A) for the fiscal year 2023, as well as other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission, including the Company’s interim MD&As. Many of these risks are beyond Lion’s management’s ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and risk factors identified in the Company’s annual MD&A for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE The Lion Electric Co.

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Tianma introducing new innovations in LCD display technology at Display Week 2025

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Tianma, a leading global manufacturer of flat panel displays, is exhibiting its family of LCD technologies and solutions at Display Week 2025, Booth #416, San Jose, California, May 13-15.

SAN JOSE, Calif., May 15, 2025 /PRNewswire-PRWeb/ — Tianma, a leading global manufacturer of flat panel displays, is exhibiting its family of LCD technologies and solutions at Display Week 2025, Booth #416, San Jose, California, May 13-15.

Tianma’s LCD innovations at Display Week 2025 include:

16″ WQXGA 480Hz Oxide – Tianma is launching the world’s first 16″ 480Hz Oxide gaming panel, establishing a new industry benchmark for high refresh rate. This panel, featuring advanced Oxide technology, demonstrates a significant improvement in refresh rate when compared to most mainstream “e-sports” gaming displays on the market. With a 3ms GTG response time, motion blur is effectively eliminated, ensuring instantaneous reactions. In addition, the panel offers a stunning 2560×1600 WQXGA resolution, 500nit brightness, a 1200:1 contrast ratio, and 100% DCI-P3 color gamut, making it the ultimate choice for high-performance gaming notebooks.

16″ WQXGA 1~360Hz – Tianma is introducing the world’s first 16″ 1~360Hz wide refresh rate (WRR) oxide gaming panel. The WRR range of this panel exceeds that of current products (1~240Hz). Featuring advanced Oxide technology, it supports an intelligent 1Hz to 360Hz dynamically adjustable refresh rate, with a 2560×1600 WQXGA resolution, 500nit brightness, 1200:1 contrast ratio, and 100% DCI – P3 color gamut. Combined with a fast, 3ms GTG response time, it achieves both a 360Hz high refresh rate for a premium gaming experience and 1Hz ultra-low refresh rate for significantly reduced power consumption, representing a dual breakthrough in performance and energy efficiency for high-end gaming notebooks.

Pixel Multiplex Display – Tianma is presenting the industry’s first resolution-doubling liquid crystal display based on an optical pixel-shifting technique applicable to conventional display panels. This technology is capable of pixel displacement of over 20-microns using a proprietary liquid crystal optical shifting technique. As a result, a conventional 800PPI panel can achieve a 1600PPI equivalent resolution via this doubling effect. This technology will first be used in projection displays, followed by direct-view display panels in the future.

More information about the innovative new display solutions being displayed by Tianma is available at Booth 416 at Display Week and in the Tianma press kits, accessible online at usa.tianma.com/press

Additional information can be found at usa.tianma.com.

About Tianma America, Inc.

Tianma America (TMA) is the leading provider of small- to medium-size display solutions to the Americas market utilizing advanced technologies and manufacturing resources of the Tianma Group Companies, which includes R&D and manufacturing locations in Chengdu, Wuhan, Xiamen, Wuhu, Shenzhen and Shanghai China. Tianma America technologies can be found in automotive cockpit and rear seat entertainment devices, smartphones, tablet PCs, industrial and medical instrumentation, wearables, home automation, household appliances, and office equipment. Additional applications include test and measurement systems, instrumentation equipment, point-of-sale and ATM systems, gaming systems, global positioning systems, radio-frequency identification devices and barcode scanners.

Tianma America’s technology portfolio comprises: Micro-LED; a-Si, LTPS and Oxide-TFT LCD; rigid, flexible and transparent AM-OLED; 3D, PCAP and In-cell/On-cell integrated touch. With a network of best-in-class distributors and value-added partners, Tianma America provides complete display module solutions for a broad base of customers and applications. For more information, visit us at usa.tianma.com or connect with us on LinkedIn.

The content in this press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.

Media Contact

Dale Maunu, Tianma America, Inc., 1 (408) 816-7003, dale.maunu@tianma.com, usa.tianma.com

Bill Maurer, Macrovision, Inc., 1 215-348-1010, bill@macrovis.com, www.macrovis.com

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SOURCE Tianma America, Inc.

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Silicon Motion Showcases Next Generation PCIe Gen5 SSD Controller and USB4 Portable SSD Controller at Computex 2025

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TAIPEI, May 16, 2025 /PRNewswire/ — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced that it will showcase its broad portfolio of products including two new SSD controllers at COMPUTEX 2025. The first is the SM2504XT, an ultra-low power PCIe Gen5 DRAM-less controller offering industry-leading performance per watt. The second is the SM2324, the world’s first true single-chip portable SSD controller supporting USB4 with built-in Power Delivery. Together, these innovations highlight Silicon Motion’s leadership in enabling energy-efficient, high-performance SSD solutions for AI PCs, gaming systems, and portable devices.

SM2504XT Delivers High Performance and Low Power for AI-Driven Client SSDs

Built on TSMC’s 6nm process, the SM2504XT delivers up to 11.5 GB/s sequential read and 11.0 GB/s write speeds, with random IOPS reaching up to 1.7M read and 2.0M write—all while consuming under 5W. Compared to the previous generation, it achieves an 11% gain on performance per watt and sets a new standard for power efficiency among PCIe Gen5 client SSD controllers.

Supporting PCIe Gen5 x4 and NVMe 2.0, the controller is ideal for DRAM-less SSDs in AI PCs, notebooks, and gaming systems. It also incorporates Separate Command Address (SCA) architecture for reduced latency, and supports the latest 3D TLC and QLC NAND—meeting the growing demand for cost-effective, high-performance, and energy-efficient SSD solutions.

SM2324 Delivers Integrated Simplicity for Next-Gen Portable SSDs

The SM2324 is the industry’s first single-chip portable SSD controller combining native USB4 support with built-in Power Delivery controller. Delivering sequential read/write speeds of up to 4,000MB/s, optimized for 3D TLC and QLC NAND, the SM2324 supports storage capacities of up to 32TB. Its single-chip architecture reduces BOM cost and simplifies design, accelerating time-to-market for OEMs building compact, high-speed portable drives.

“At Silicon Motion, we’re focused on delivering SSD controller solutions that lead in both performance and power efficiency,” said Nelson Duann, Senior VP of Client & Automotive Storage Business at Silicon Motion. “With the SM2504XT, we’re setting a new benchmark for PCIe Gen5 client SSDs with unmatched performance per watt, while the SM2324 redefines portable storage with a fully integrated single-chip USB4 solution. These technologies reflect our commitment to helping customers build faster, smaller, and more efficient SSDs for next-generation applications.”

In addition to its latest client and portable SSD controllers, Silicon Motion will also showcase a broad portfolio of controller solutions at COMPUTEX 2025 targeting markets including automotive, AI smart phones, Datacenter/enterprise SSDs, and high-performance display interfaces. These offerings support a wide range of AI-driven applications, from intelligent vehicles and edge devices to cloud infrastructure and immersive user experiences. Visit us at Suite G0001 on 3F, Taipei Nangang Exhibition Center Hall 1.

About Silicon Motion:

We are the global leader in supplying NAND flash controllers for solid state storage devices. We supply more SSD controllers than any other company in the world—for servers, PCs and other client devices—and are the merchant market leader in controllers for eMMC/UFS mobile embedded storage used in smartphones, IoT and other applications. We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs. For further information on Silicon Motion, visit us at www.siliconmotion.com.

Corporate Media Contact:  

Minnie Lin     

Director of Marketing Communication     

E-mail: minnie.lin@siliconmotion.com

 

Investor Contacts:

E-mail: IR@siliconmotion.com

 

Sales Contact:
E-mail: service@siliconmotion.com

 

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SOURCE Silicon Motion Technology Corporation

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