Technology

AGCO Comments on Letter From TAFE

Published

2 years ago

September 30, 2024

DULUTH, Ga., Sept. 30, 2024 /PRNewswire/ — AGCO (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today issued the following statement in response to the letter issued by Tractors and Farm Equipment Limited (“TAFE”):

TAFE’s interests are fundamentally misaligned with AGCO shareholders, and its letter today is just the latest tactic in its ongoing, self-serving campaign. In fact, TAFE’s letter was issued shortly after (i) AGCO prevailed at the Indian Supreme Court against TAFE’s efforts to avoid arbitrating one of its commercial disputes, and (ii) AGCO’s immediate termination of TAFE’s right to use the Massey Ferguson trademark and distribute Massey Ferguson products in India and other countries following TAFE’s inappropriate and unauthorized actions.

AGCO’s Board of Directors, which has been meaningfully refreshed in recent years, is overseeing management’s successful execution of the Company’s transformation and strategic plan, which resulted in record full-year net sales and adjusted operating margins in 2023, outperforming the global market. AGCO is also on track to deliver structurally higher adjusted operating margins compared to prior industry downturns.

AGCO’s Board of Directors and management team remain committed to acting in the best interests of all AGCO shareholders.

About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, PTx and Valtra®. AGCO’s full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $14.4 billion in 2023. For more information, visit www.agcocorp.com. For company news, information, and events, please follow us on X: @AGCOCorp. For financial news on X, please follow the hashtag #AGCOIR.

Forward Looking Statement
Our belief that we are on track to deliver structurally higher adjusted operating margins is a forward-looking statement. Actual results could differ materially from those reflected in this statement for a range of reasons, including: general economic and capital market conditions; availability of credit to our retail customers; the worldwide demand for agricultural products; grain stock levels and the levels of new and used field inventories; cost of steel and other raw materials; energy costs; performance and collectability of the accounts receivable originated or owned by AGCO or our finance joint ventures; government policies and subsidies; uncertainty regarding changes in the international tariff regimes and product embargoes and their impact on the cost of the products that we sell; weather conditions; interest and foreign currency exchange rates; limitations on ability to repatriate funds; inflation, including in individual countries that have been designated as highly inflationary; pricing and product actions taken by competitors; commodity prices, acreage planted and crop yields; farm income, land values, debt levels and access to credit; pervasive livestock diseases; production disruptions, including due to component and raw material availability; production levels and capacity constraints at our facilities, including those resulting from plant expansions and systems upgrades; integration of recent and future acquisitions, including the completed acquisition on April 1, 2024 of the Trimble ag assets and formation of the joint venture, PTx Trimble, and the ability to obtain the expected results; our ability to complete the sale of the majority of the G&P business; our expansion plans in emerging markets; supply constraints, including energy shortages; our cost reduction and control initiatives; our research and development efforts; dealer and distributor actions; regulations affecting privacy and data protection; technological difficulties; the impact of the COVID-19, or other future pandemics, on product demand and production; the occurrence of future cyberattacks, including ransomware attacks; the conflict in Ukraine; and restrictive covenants, payment obligations and other factors related to our level of indebtedness. . Any forward-looking statement speaks only as of the date on which such statement is made, and we disclaim any obligation to update the information contained in such statement to reflect subsequent developments or information except as required by law.

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Technology

StarHub Powers Up Its Network with 5G+

Published

17 minutes ago

September 1, 2026

Get more with wider coverage and up to four times faster speeds indoors and underground

SINGAPORE, Sept. 1, 2026 /PRNewswire/ — StarHub has launched 5G+, powered by the deployment of 700MHz spectrum to give customers a strong, more consistent network experience. Available across every StarHub 5G mobile plan, 5G+ gives customers more from their connectivity in the places where they need it most.

From office towers and crowded malls to basements, car parks and live events, some of the places where customers rely most on their network are also where connectivity are most tested. With 700MHz reaching deeper into buildings and harder-to-reach spaces, 5G+ delivers wider coverage and speeds of up to four times faster indoors and underground, helping customers stay connected as they move through their day.

Existing customers on StarHub 5G mobile plans will get 5G+ automatically, while new customers will get it from day one. With 5G+ across every StarHub 5G mobile plan, customers can get more from their network, whichever plan they choose.

For enterprises, 5G+ provides more dependable connectivity for critical teams and operations. With StarHub’s Enterprise Priority Services, organisations can also prioritise network access for key users and workflows when demand is high, helping keep field operations and collaboration tools running when it matters most.

Get More Out of Your Lunchtime at Lau Pa Sat

More coverage, more speed, and now more ice cream. For one day only on 2 September 2026, StarHub is bringing “more” to lunchtime at Lau Pa Sat. From 11.30am to 3pm, diners can enjoy unlimited complimentary ice cream as part of StarHub’s 5G+ launch celebrations. Competitive eater and influencer Zermatt Neo will kick off the fun with a lunchtime eating challenge, livestreamed on TikTok using StarHub’s 5G+ network.

5G+ builds on StarHub’s continued investment in its network and capabilities to give customers a better experience and more from their connectivity, wherever the day takes them.

For more information on StarHub 5G+, visit http://www.starhub.com/5g-plus.

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SOURCE StarHub Ltd

Technology

Hinen at Solar & Storage Live UK 2026: Powering Smarter UK Homes with A15 RESS

Published

17 minutes ago

September 1, 2026

BIRMINGHAM, England, Sept. 1, 2026 /PRNewswire/ — Hinen will exhibit at Solar & Storage Live UK 2026, taking place at the NEC Birmingham from September 22–24, 2026. Visitors can find Hinen at Booth G12B, where the company will showcase its latest energy storage solutions, with the A15 Residential Energy Storage System taking centre stage.

As the UK’s largest solar energy exhibition, Solar & Storage Live UK brings together buyers, installers and industry leaders from across the energy value chain. Hinen will engage with partners and homeowners to explore smarter, more flexible residential energy solutions.

Smarter Energy for Modern UK Homes

As more UK households adopt solar PV, EVs and heat pumps, smart energy storage can help homeowners make better use of renewable energy and reduce reliance on grid electricity.

At the show, Hinen will highlight the A15 RESS, combining an A-series hybrid inverter with the B15 high-voltage battery. The system offers 14.4 kWh of storage per battery, up to 86.4 kWh of total capacity, 8,000+ cycles and an ultra-slim 180 mm design. Its smart energy management capabilities help homeowners optimise when to store and use energy, supporting greater energy independence and flexibility.

Comprehensive Energy Solutions

At the event, Hinen will also showcase a range of solutions tailored to different energy needs:

A Series H6S: 3.6–6kW single-phase all-in-one system for small homes.A Series H25T: 10–25kW three-phase all-in-one system for larger homes and small commercial applications.H6000-EU + B5000D-W: Flexible low-voltage solution for everyday home energy needs.H6000S + B5000D-W: Reliable Low-voltage solution with parallel function.E2400S + E2560B: 2400W balcony energy storage for space-constrained homes.PU1800 & PS3000: Portable power for travel, outdoor use and backup.

Visit Hinen at Booth G12B, NEC Birmingham, September 22–24, 2026, to discover the A15 and Hinen’s latest energy solutions.

About Hinen

Hinen is an energy storage technology company backed by more than 20 years of manufacturing experience from Hinen Group. Listed on the Shenzhen Stock Exchange (stock code: 300787), Hinen develops residential energy storage solutions including battery systems, hybrid inverters and intelligent energy management technologies. With offices and service teams across Europe, the UK, Australia and Africa, Hinen provides localised support to customers and partners worldwide.

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Technology

GOFO Deploys Automated Narrow-Belt Sorter at Rome Hub, Lifting Southern Italy Capacity by 40%

Published

17 minutes ago

September 1, 2026

ROME, Sept. 1, 2026 /PRNewswire/ — GOFO, a fast-growing, technology-driven last-mile delivery provider, today announced that its Rome sorting center has officially entered full production with a new automated narrow-belt sorting system featuring integrated singulation technology. The system began trial operation in May 2026 and, following more than three months of stable performance, is now fully operational, lifting the hub’s overall efficiency by 40%.

The linear narrow-belt sorter’s integrated singulation technology automatically separates overlapping parcels before they enter the sort loop. Because the system relies on proven mechanical separation rather than AI-based vision recognition, it is designed to deliver consistent throughput day after day, with reliability confirmed during the trial period and now carried into full production ahead of the autumn peak season.

The system has a design capacity of 6,500 parcels per hour and 120 sorting chutes, providing routing coverage across southern Italy, including Bari, Catanzaro, Naples and surrounding areas. It integrates dimensioning and weighing in a single pass, with volume accuracy of ±10 mm and weighing accuracy of ±20 g. Around 80% of the sorting process is now automated, with manual handling limited to loading and exception processing.

“The Rome hub is our primary gateway to southern Italy, and this upgrade ensures we can meet the growing demand from our e-commerce partners without compromising on speed or accuracy,” said Jacqueline Chan, General Manager of GOFO Italy. “As we head into peak season, this investment gives us the reliability and sufficient processing capacity our customers need across the south.”

About GOFO

GOFO, founded in the United States in 2023, is a technology-driven last-mile logistics network serving merchants and consumers across the U.S., Canada, France, the Netherlands, Italy and Spain. Guided by the brand philosophy “Drive Efficiency, Deliver Trust,” GOFO combines advanced technology with localized operations to deliver precise, reliable, and scalable delivery solutions. Operating nationwide through sorting centers and delivery centers across the country, GOFO Italy serves a broad population with high-performance last-mile delivery solutions. Its operations are powered by automated sorting, intelligent routing, and disciplined execution. For more information, please visit www.gofo.com/it.

Media Contact:

Email: branding.eu@gofo.com

Website: www.gofo.com/it

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