Carbon Tech and Virtual Tech powered by AI: A New Force in Green Innovation
Virtual Technology Revolution: A New Era of Digital Experience

HONG KONG, April 20, 2026 /PRNewswire/ — The renowned local innovation and technology competition, the “B4B Challenge” (B4B), has reached its 10th edition, marking a significant milestone in the development of Hong Kong’s Big Data and AI innovation ecosystem. The organiser, B4B Limited, held the Award Presentation Ceremony on 15 April at the Hong Kong International Innovation and Technology Expo (InnoEX), announcing the results of this year’s competition. Themed around “Tech for ESG,” highlighting the vital role that technology plays in promoting Environmental, Social, and Governance (ESG) initiatives, this edition established two innovation pillars: “Carbon Tech powered by AI” and “Virtual Tech powered by AI”, encouraging participating teams to explore the cross-industry application potential of AI in sustainable real estate development and immersive digital experiences.

This year’s Award Ceremony received strong recognition from the Government of the HKSAR and the innovation and technology sectors. Mr. Daniel Cheung, JP, Acting Commissioner for Digital Policy Office (DPO) of the Hong Kong Special Administrative Region (HKSAR) Government, was the Guest of Honour, joining other government representatives, industry leaders, supporting organisations and participating teams to celebrate B4B’s decade of innovative achievements.

The ceremony received wide-ranging support, including:

Guest of Honour:
• Mr Daniel Cheung, JP, Acting Commissioner for Digital Policy, HKSAR Government

Sharing Guests:
• Mr Francois Lee, Founder and Director of B4B
• Prof Herbert Chia, JP, Honorary Chairman and Principal Mentor of B4B
• Dr Toa Charm, Principal Advisor of B4B

Guests (partial list, in no particular order):
• Ms Cari Wu, Acting Deputy Commissioner (Digital Infrastructure), Digital Policy Office, HKSAR Government
• Mr Tony Wong, JP, Former Commissioner for Digital Policy, HKSAR Government
• Ir Stephen Lau, JP, Personal Data Privacy Advisor of B4B
• Ms Vivian Chan, Associate Director, Exhibitions and Digital Business, Hong Kong Trade Development Council

Speaking at the Award Ceremony, Mr. Daniel Cheung, JP, Acting Commissioner for Digital Policy of the HKSAR Government, said: “The Challenge, as in previous years, provides a platform for participants to showcase their creativity and capabilities. One of the themes of this year’s Challenge is carbon reduction technologies in real estate and smart construction, which aligns with the development of smart building and the nurturing of a modernised construction industry chain as set out in the country’s Report on the Work of the Government. Another theme focuses on virtual technologies, with artificial intelligence as the driving element. This echoes the mention of ‘AI+’ for three consecutive years in the country’s Report on the Work of the Government with aims to expand the application of AI across a wide range of industries. It is hoped that the solutions put forward by participants will be implemented, thereby promoting the wider adoption of carbon reduction and virtual technologies across different sectors. “

Mr Francois Lee, Founder and Director of B4B, Dr Toa Charm, Principal Advisor of B4B and Prof Herbert Chia, JP, Honorary Chairman and Principal Mentor of B4B, delivered the following remarks in their opening speech: Stepping into its 10th anniversary, the most heartwarming part of the B4B Big Data Business Application Challenge is not just the competition itself, but seeing the massive alumni community that has been built up over these ten years. Today, everyone has gathered once again to witness how B4B has grown from a competition into a full ecosystem. It continues to uphold its original mission of driving innovation through data and AI, and is now ready to step into the next decade hand in hand.

Two Innovation Pillars: AI Innovation Across Industry Boundaries
Themed around “Tech for ESG,” highlighting the vital role that technology plays in promoting Environmental, Social, and Governance (ESG) initiatives, this edition established two innovation pillars, encouraging participating teams to use AI technology to transcend traditional industry boundaries. A breakthrough was achieved this year — the competition was fully opened to cross-industry participation, no longer confined to real estate applications. Teams were encouraged to take a broader perspective in exploring the cross-industry application potential of AI in immersive digital experiences, helping them widen their market vision and explore AI’s cross-sector potential. Whether it is AI transforming real estate, AI short film creation, virtual human interaction, immersive experiences, or innovative media tools — if the solution addresses pain points in the virtual technology market, it qualifies as the type of innovation the competition seeks.

Pillar 1: Carbon Tech powered by AI – Reshaping the Real Estate Value Chain
The competition continues to explore how technology can empower the real estate value chain to achieve greater sustainability, covering five key areas: B4B Challenge continues to explore how the real estate value chain—encompassing new building materials, energy management, design and planning, construction and demolition, and facility management – can become more sustainable through technology. 

The organiser emphasizes that real estate extends far beyond buildings and bricks – it is closely connected to our daily lives, while one might associate real estate primarily with buildings and bricks, the property sector is intricately linked to a wide range of industries and daily activities, from workplaces and retail shopping outlets to transportation stations and, of course, our homes.

Accordingly, participating teams are encouraged to broadly explore cross-industry applications, extending carbon technology solutions to wider application scenarios to create greater impact.

Pillar 2: Virtual Tech powered by AI – Breaking Through Immersive Experience Bottlenecks
Virtual technology faces several key challenges, including hardware limitations, affordability, and user comfort. The need for powerful computing systems and the risk of motion sickness continue to restrict widespread adoption. Data-related obstacles also persist, such as the requirement for high-resolution 3D models, detailed textures, and authentic datasets to create truly immersive experiences. Additional hurdles include real-time data transmission, voiceover matching, AI-driven editing, dubbing with accurate lip sync, and efficient processing. Overcoming these challenges is essential to making virtual technology more accessible, user-friendly, and cost-effective. Advancements such as improved hardware, cost reductions, enhanced comfort features, and effective solutions for motion sickness can significantly boost adoption. Similarly, better curation and processing of data, improved real-time transmission capabilities, and expanded availability of high-quality datasets will unlock greater growth and potential for virtual technology across various industries. Furthermore, smarter user interfaces and progress in the areas mentioned above could be dramatically enhanced by the latest AI technologies.

A Decade of Cultivation: Building a Sustainable Innovation Ecosystem
Since its founding in 2016, B4B Challenge has been dedicated to promoting Big Data technology and intelligent technology innovation, fostering a healthy and sustainable data ecosystem. The 10th edition — the “B4B Challenge 2025-26 Award Ceremony” — was held at the Hong Kong International Innovation and Technology Expo (InnoEX), with the Hong Kong Trade Development Council (HKTDC) serving as the venue partner. A concurrent four-day “B4B Pavilion” exhibition (13–16 April) was held alongside the ceremony, inviting this year’s participating teams to showcase their latest technology solutions to the public.

Over the past decade, B4B Challenge has attracted numerous outstanding teams since its launch in 2016, many of whom have gone on to achieve remarkable results after the competition. The following are two representative teams of two particularly standout:

Linksoul – Since participating in the B4B Challenge, Linksoul has, under the recommendation of the competition, quickly secured multiple prestigious awards in a short period of time, including the Best Smart Mobility Award in the “Hong Kong/Shanghai Co-operation Open Data Challenge”, the Jingrui Science and Technology Award, and several honors at the China Mobile Maker Marathon. The company is currently collaborating with the Hong Kong Productivity Council, the Transport Department, and the Automotive Technology R&D Centre to apply for the Smart Traffic Fund to develop an AI-powered smart transportation platform. At the same time, Linksoul is working with Everbright Centre, Langyi Plaza, and China Overseas Group to promote the large-scale implementation of AI Butler and AI Agent solutions in major building complexes.

MOVA – The Best Solution Award winner of B4B Challenge 2023-24, has successively received the Hong Kong Fintech Impetus Awards and Gold Award – PropTech at the International Financial Technology. Founded in 2021, the company launched an AI-driven integrated real estate matching and search platform well before generative AI became mainstream in the market. It employs Federated Learning technology, enabling AI models to learn from data distributed across different stakeholders without compromising data compliance or commercial confidentiality. In 2024, MOVA successfully sold its first-generation AI matching platform to a U.S. private equity fund, completing an international exit. By the end of 2025, the company relaunched its business with a brand-new voice AI pre-screening platform. This platform uses near-human voice technology to automatically handle initial real estate inquiries and holds strong potential for cross-industry expansion into sectors such as finance, healthcare, and education.

Award Winners

For more details about the B4B Challenge, please visit the official website: www.b4bchallenge.com 

About B4B Challenge
B4B Challenge is an annual contest organised by B4B Limited, a Hong Kong social enterprise that aims to promote the development of a healthy and sustainable ecosystem for Big Data and intelligent technology innovation and to match young talents and enterprises with an intensive accelerator programme.

Through education, competition, and exchange, the programme seeks to raise public awareness in Hong Kong of the value and impact of Big Data and AI, and to improve the adoption and acceptance of Big Data and AI innovations. Beyond Hong Kong, the competition’s reach extends across Hong Kong and other regions. B4B stands for “Big Data For Business” — as the name suggests, the programme aims to collect outstanding local proposals based on the practical needs of local enterprises, attracting more Hong Kong businesses to adopt Big Data and AI solutions and maintaining their competitiveness in the international market.

The B4B Challenge 2025-26 is the 10th annual edition since its inception in 2016. The programme continues to expand, with its core team comprising Founder and Director Mr Francois Lee, Honorary Chairman and Principal Mentor Prof Herbert Chia, JP, and Principal Advisor Dr Toa Charm.

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SOURCE B4B Limited

Recognition highlights growing demand for quantum-safe data transmission and infrastructure-layer security

TEL AVIV, Israel, April 20, 2026 /PRNewswire/ — Elron Ventures Ltd. (TASE: ELRN) (“Elron”), a technology investment firm focused on investing in, building, and scaling technology companies across deep tech, defense technologies, cybersecurity, and AI, reported that its portfolio company CyberRidge has won a Global InfoSec Award at RSA Conference 2026.

The award recognizes CyberRidge’s approach to securing data in transit at the physical layer, enabling protection across fiber-optic networks without introducing latency or requiring changes to existing infrastructure. This reflects increasing demand for next-generation security solutions addressing more sophisticated cyber threats at scale, particularly at the infrastructure layer.

“CyberRidge’s approach to securing data in transit at the physical layer addresses a critical gap in protecting underlying network infrastructure,” said Yaniv Shnieder, Chief Executive Officer of Elron Ventures. “We see increasing demand for solutions operating at this layer, and this recognition reinforces our strategy to invest in and build differentiated technology companies.”

CyberRidge is advancing commercial engagements with global telecommunications operators and enterprise customers, supported by deployments and validation across long-haul optical networks. This recognition is consistent with Elron’s broader portfolio activity and strategic focus, as reflected in its 2025 results and 2026 outlook.

About CyberRidge
CyberRidge is a deep-tech cybersecurity company protecting the world’s most sensitive data from interception, surveillance, and quantum-era decryption. Its patented photonic encryption layer prevents data from being recorded over optical fiber, turning every transmission into untraceable optical noise. No way to harvest & hack data offline = no exposure.

For more information, please visit www.cyber-ridge.com.

About Elron Ventures
Elron Ventures Ltd. (“Elron”) is a technology investment firm focused on investing in, building, and scaling technology companies across deep tech, defense technologies, cybersecurity, and AI. The company works closely with entrepreneurs and management teams to drive the development and scaling of businesses addressing large and evolving markets, with a focus on infrastructure and mission-critical technologies and long-term value creation. Elron is controlled by Arieli Group, a U.S.-based investment firm.

For more information, please visit www.elronventures.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. securities laws, including statements regarding market trends, demand for technology solutions, and Elron’s investment strategy and future positioning. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that may affect such outcomes include changes in market conditions, technological developments, competitive dynamics, portfolio company performance, and other risks beyond the Company’s control. Elron undertakes no obligation to update or revise any forward-looking statements, except as required by law.

Contact:

Investor Relations
Lisya Bahar-Manoah, Managing Partner, Arieli Group
Chairperson of the Board, Elron Ventures
+972-3-607-5555; ir@elron.com

Media Relations
Maya Reitman, Head of Marketing
Elron Ventures
+972-3-607-5555; pr@elron.com

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SOURCE Elron Ventures

LONDON, April 20, 2026 /PRNewswire/ — Persistence Market Research, a leading management consulting firm, has released this update on the construction aggregates market. These essential materials, including sand, gravel, and crushed stone, serve as the foundation of modern construction, supporting infrastructure, residential, and industrial development worldwide.

The global construction aggregates market is growing robustly, expected to be valued at around US$ 556.0 billion in 2026 and projected to reach US$ 875.4 billion by 2033, with a CAGR of 6.7% in the coming years. This expansion comes from rising demand across infrastructure, urban development, and renewable energy projects, supported by consistent consumption of aggregates in concrete and asphalt production. Construction aggregates play a critical role in ensuring structural durability and long-term performance. Market dynamics reflect increasing investments in sustainable materials, improved quarrying technologies, and stronger supply chain networks to meet growing global demand.

Key Highlights

The global construction aggregates market is projected to reach US$875.4 billion by 2033, growing at a CAGR of 6.7% from 2026.Asia Pacific dominates the market with nearly 60% share, driven by rapid urbanization and large-scale infrastructure investments.Middle East & Africa emerges as the fastest-growing region, expanding at approximately 6.8% CAGR due to mega construction projects and economic diversification.Crushed stone leads the product segment, accounting for around 44% market share owing to its versatility and high load-bearing capacity.Infrastructure remains the leading application, contributing approximately 54% of market share, supported by global investments in transportation and utilities.Rising adoption of recycled aggregates is creating significant opportunities, driven by sustainability regulations and circular economy initiatives.Africa construction aggregates market size is likely to be valued at US$ 24.4 billion in 2026 and is projected to reach US$ 37.4 billion by 2033, growing at a CAGR of 5.6% between 2026 and 2033.Increasing investments in renewable energy infrastructure such as wind and solar projects are expanding aggregate demand beyond traditional construction sectors.

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Boom in Infrastructure and Urban Development Projects

The global surge in infrastructure development and urbanization is a primary driver of the construction aggregates market. Governments and private sector players are investing heavily in transportation networks, residential housing, and commercial developments to accommodate population growth and economic expansion. Global infrastructure spending exceeded US$ 2 trillion in 2025, highlighting the scale of ongoing development activities. Rapid urbanization further accelerates demand, with over 56.2% of the global population living in urban areas, a figure expected to rise significantly in the coming decades. Countries such as China and India lead this growth, consuming billions of metric tons of aggregates annually for large-scale construction projects. For instance, India’s infrastructure initiatives, including highways, metro rail systems, and housing programs, require substantial volumes of aggregates for foundations and structural work.

Infrastructure applications account for a major share of aggregate demand, particularly in road construction, bridges, airports, and railways. These projects rely heavily on crushed stone and sand for durability and load-bearing capacity. In 2025, strong construction activity led to increased aggregate consumption, supporting steady market growth. Beyond traditional infrastructure, smart city developments and urban redevelopment projects are driving demand for high-quality aggregates. These projects require advanced materials that meet performance and sustainability standards.

Rising Demand from Renewable Energy and Sustainable Construction

The expansion of renewable energy infrastructure is emerging as a key growth driver for the construction aggregates market. Projects such as wind farms, solar parks, and hydroelectric facilities require significant quantities of aggregates for concrete foundations, access roads, and supporting structures. Renewable energy capacity additions exceeding 300 GW annually between 2023 and 2025 have created substantial demand for construction materials globally. Wind turbine installations require large concrete bases that consume high volumes of aggregates, while solar farms involve extensive site preparation and infrastructure development. Hydroelectric projects also depend heavily on aggregates for dam construction and spillways, further contributing to market growth.

Sustainability trends are reshaping the industry, with increasing adoption of recycled concrete aggregates derived from construction and demolition waste. Governments and regulatory bodies are promoting circular economy practices to reduce environmental impact and conserve natural resources. Recycled aggregates offer cost-effective and environmentally friendly alternatives to natural materials, gaining traction in green building projects. Advancements in processing technologies have improved the quality and consistency of recycled aggregates, enabling their use in a wider range of applications. Construction companies are increasingly adopting sustainable materials to meet environmental standards and certifications, driving demand for eco-friendly aggregate solutions.

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Key Highlight: Cemex Acquisition of Omega Products International in 2026

A standout development in 2026 was the acquisition of U.S.-based stucco manufacturer Omega Products International by Cemex, announced in February. The deal is part of Cemex’s strategy to expand its building materials portfolio in the United States, one of its largest markets. Omega operates four facilities in the western U.S. and generates approximately $23 million annually in core earnings (EBITDA).The acquisition aligns with Cemex’s U.S. growth strategy and complements its existing operations, particularly as Omega’s plants and customer base overlap with regions where Cemex already supplies cement, aggregates, and additives. The transaction is expected to close in the first quarter of 2026, strengthening Cemex’s regional footprint.Cemex indicated that, after accounting for cost savings, the total value of Omega would be under seven times its EBITDA, implying an enterprise value of less than $161 million. This reflects a disciplined capital allocation approach while expanding into adjacent construction materials segments.The acquisition follows Cemex’s earlier move in October to increase its stake to a majority in Couch Aggregates, a U.S.-based producer of sand, gravel, and crushed stone. This highlights a broader strategy of strengthening its aggregates and construction materials presence in the U.S. market.

This development signals a shift toward portfolio diversification and regional consolidation in the construction aggregates market. By integrating upstream aggregates with downstream building materials, Cemex is reinforcing its position across the construction value chain while focusing on high-growth markets like the United States.

Segmentation Insights: Infrastructure Leads Demand While Renewable Energy Emerges as Fastest-Growing Segment

Infrastructure applications dominate the construction aggregates market, accounting for approximately 54% of market share, driven by extensive use across transportation networks, bridges, railways, airports, and utility infrastructure that require large material volumes for durability and strength. Government-backed infrastructure programs worth trillions of dollars globally ensure consistent, long-term demand, while road construction and maintenance alone contribute nearly 18% of aggregate consumption, creating recurring replacement cycles. This segment continues to benefit from large-scale public investments and urban expansion projects. Meanwhile, renewable energy infrastructure is emerging as a strong supporting application, with wind farms, solar installations, and hydroelectric projects increasing the need for high-performance aggregates used in concrete foundations. A notable development includes rising integration of high-strength and performance-enhanced aggregates in mega infrastructure and energy projects, enabling improved load-bearing capacity and longer lifecycle performance, further strengthening the dominance of the infrastructure segment.

Regional Insights: Asia Pacific Dominates While Middle East & Africa Emerges as Fastest-Growing Hub

Asia Pacific holds the largest share of the construction aggregates market, accounting for nearly 60% of global demand. This dominance is driven by rapid urbanization, industrialization, and extensive infrastructure investments across China, India, and Southeast Asia. China remains the largest consumer globally, supported by large-scale urban development and infrastructure programs. India is emerging as a key growth market, fueled by government initiatives such as housing schemes, transportation infrastructure projects, and smart city developments. The country’s expanding population and economic growth continue to drive strong demand for aggregates. North America maintains a significant market position, supported by infrastructure modernization and rehabilitation projects. Government funding initiatives for roads, bridges, and utilities are driving consistent demand for aggregates. The region also leads in the adoption of recycled aggregates, supported by advanced technologies and environmental regulations. Europe demonstrates steady growth, characterized by mature markets and strong emphasis on sustainability. High recycling rates and stringent environmental policies encourage the use of recycled aggregates, while infrastructure renovation projects sustain demand. The Middle East & Africa is the fastest-growing region, with a CAGR of approximately 6.8% through 2033. Growth is driven by large-scale infrastructure projects, urban development, and economic diversification strategies in countries such as Saudi Arabia and the UAE. Mega-projects, including smart cities and tourism infrastructure, generate substantial demand for aggregates.

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Market Segmentation

By Product Type

Crushed StoneManufactured SandNatural SandGravelRecycled AggregateOther Aggregate

By Application

CommercialResidentialIndustrialInfrastructure

By Region

North AmericaEuropeEast AsiaSouth Asia & PacificLatin AmericaMiddle East and Africa

Key Players and Business Strategies

Leading players in the construction aggregates market include Holcim Ltd., CRH plc, Heidelberg Materials AG, Vulcan Materials Company, CEMEX S.A.B. de C.V., Martin Marietta Materials, and China National Building Material Company.

Holcim Ltd. focuses on sustainability and acquisitions, expanding its portfolio in recycled and low-carbon construction materials.CRH plc strengthens its market presence through strategic acquisitions and integrated construction solutions.Heidelberg Materials AG emphasizes operational efficiency and sustainable production practices across global markets.Vulcan Materials Company leverages strong infrastructure demand in North America, focusing on pricing strategies and cost optimization.CEMEX S.A.B. de C.V. invests in digitalization and sustainable product innovation to enhance competitiveness.Martin Marietta Materials expands regional operations and improves logistics efficiency to maintain cost leadership.

Key strategies across the market include capacity expansion, vertical integration, sustainability initiatives, and digital supply chain optimization. Companies are increasingly investing in recycled aggregates, advanced processing technologies, and localized production to reduce costs and meet evolving environmental standards.

Get More Insights — Advanced Materials Market Reports:

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