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Loliware receives commitment of technical assistance from Subnational Climate Fund to introduce SEA Technology® to the region, beginning with Guatemala

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The Subnational Climate Fund (SCF) is going to provide technical grant support to Loliware’s plastic-free initiative in Central America – an initiative at the intersection of plastic pollution, blue economic development, and climate change mitigation.

SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire-PRWeb/ — The Subnational Climate Fund (SCF) is going to provide technical grant support to Loliware’s plastic-free initiative in Central America – an initiative at the intersection of plastic pollution, blue economic development, and climate change mitigation. The project aims to replace conventional plastic with Loliware’s seaweed-based resins, which are regenerative, carbon-capturing, and entirely biobased. The project addresses both plastic waste and environmental challenges practically and sustainably.

Loliware is partnered with a leading family-owned manufacturing company in Guatemala for the project site. Guatemala is the largest economy in Central America and has already made significant strides towards sustainable development. With a GDP of approximately $84 billion, the country has implemented the Climate Change Framework Law, which supports the Low Emission Development Strategy (LEDS). This strategy aims to cut greenhouse gas emissions by 59% by 2050. It targets six key sectors: energy, transportation, industry, land use, agriculture, and waste management. This foundation enables more innovative projects like Loliware’s to contribute to and achieve the United Nations’ Sustainable Development Goals (SDGs).

And like Loliware, Guatemala is already working towards a plastic-free future. In 2019, the government implemented a nationwide ban on single-use plastics like bags, straws, and food containers, requiring businesses to transition to compostable materials. However, despite this progress, challenges such as limited waste management infrastructure and open burning of plastics in rural areas persist, posing serious environmental and health risks.

Loliware, with the technical assistance support from the Subnational Climate Fund (SCF), is advancing solutions to address these challenges with the introduction of seaweed-based resins—regenerative biomaterials made with ocean-farmed seaweed, that are both backyard compostable and biorenewable. Beyond reducing plastic waste, this initiative supports coastal resilience, empowers women through job creation, and strengthens local economies, aligning with Guatemala’s sustainability goals.

“We are honored to join forces with the extraordinary families and manufacturing communities in the region. Loliware’s initiative marks the beginning of a long-term collaboration, and we are fully dedicated to driving meaningful and enduring positive impact. By introducing regenerative seaweed materials, we hope to end plastic pollution and safeguard the Rio Motagua for future generations.” – Sea Briganti, Founder & CEO, Loliware

Guatemala marks just the beginning. Over the next three years, Loliware intends to collaborate with six more plastics manufacturers across Central America. This effort highlights the region’s potential to emerge as a global leader in advancing the green economy and promoting technological innovation.

About SCF

The Subnational Climate Finance initiative (SCF) invests in subnational climate-smart infrastructure projects incorporating nature-based solutions including sustainable energy, waste and water management, urban development solutions and sustainable agriculture. The SCF Initiative consists of an investment fund managed by Pegasus Capital Advisors and a Technical Assistance Facility executed by Catalytic Finance Foundation, the International Union for Conservation of Nature and Gold Standard.

About Loliware

Established in 2016, Loliware is a materials innovation company utilizing AI to develop materials to replace single-use plastics with seaweed-based alternatives. Our groundbreaking SEA Technology® Resins present a sustainable solution with endless potential. Compatible with existing plastic manufacturing equipment, they enable the production of home-compostable, circular products that aid in Earth’s regeneration. Loliware’s current line of award-winning seaweed-based bio-resins matches conventional plastics’ performance, addressing the issue of microplastics and promoting nature-based carbon sequestration. SEA Technology® Resins have been successfully validated by leading manufacturers, compounders, and brands globally and are available for licensing.

Media Contact

Loliware Press Team, Loliware Inc., 1 (408) 960-3807, press@loliware.com, www.loliware.com 

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View original content:https://www.prweb.com/releases/loliware-receives-commitment-of-technical-assistance-from-subnational-climate-fund-to-introduce-sea-technology-to-the-region-beginning-with-guatemala-302334693.html

SOURCE Loliware Inc.

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GoVeda Announces Seed Funding to Turn IP Into a Revenue Engine for Future Innovators

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SINGAPORE, June 22, 2026 /PRNewswire/ — GoVeda today announced that it has secured Seed funding to accelerate the development of its AI-native intellectual property platform, designed to turn IP into a revenue and margin engine for every business function.

In the AI era, IP becomes the core revenue and growth engine. Headquartered in Singapore, GoVeda brings AI-native IP capabilities to enterprises, researchers, and emerging technology companies, making IP accessible to every business function, from Product and R&D to Sales and Finance, delivering stronger protection, faster innovation, at a fraction of the cost.

“Our mission is to build an AI-native platform that puts IP in the hands of every team. For Product, it means faster time to market, knowing where the landscape is open before committing the roadmap. For R&D, never losing an invention and investing research budget where it builds real advantage. IP should be a growth engine for every function,” said Dr. Tai Cheng, CEO of GoVeda.

The new funding will support continued platform development, including advanced AI capabilities for patent discovery, strategic filing analysis, and portfolio intelligence. GoVeda aims to create a unified system that connects patent offices, enterprises, and innovators through transparent, data-driven insights.

About GoVeda

GoVeda is an AI-native intellectual property platform focused on empowering future innovators. By combining artificial intelligence with deep patent intelligence, GoVeda helps organizations make better decisions about patent filing, portfolio management, and monetization. The company is headquartered in Singapore. Learn more at www.goveda.com.

Media Contact
GoVeda Pte. Ltd.
Email: info@goveda.com
Web: www.goveda.com

View original content:https://www.prnewswire.com/apac/news-releases/goveda-announces-seed-funding-to-turn-ip-into-a-revenue-engine-for-future-innovators-302805451.html

SOURCE GoVeda

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Scaled for Global Commerce: PhotonPay Reinforces Market Leadership at 2026 WAVES Summit

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Marking CEO Lewison Chen’s selection to the “36Under36” list, PhotonPay showcased its global industry influence and executive leadership at the 2026 WAVES Summit.

HONG KONG, June 22, 2026 /PRNewswire/ — PhotonPay, a next-generation financial operating system powered by stablecoins, achieved significant recognition at the 2026 WAVES Summit hosted by 36Kr, a pioneering platform dedicated to serving New Economy participants. PhotonPay’s Founder and CEO Lewison Chen was selected for 36Kr’s “2026 36Under36” Entrepreneurs List, while Sales VP Joey Xu joined a featured panel discussion to unpack the strategic resilience and high-conviction execution required to scale a business.

Visionary Leadership: Driving the Next-Generation Financial OS

The annual “36Under36” list recognizes 108 young leaders driving innovation across AI, deep technology, globalization, and emerging industries. This year’s cohort highlights entrepreneurs who are not simply pursuing market opportunities, but building the foundational systems that enable long-term economic transformation. For Lewison, this recognition underscores his strategic foresight in anticipating the deep structural shifts of global commerce. It validates his leadership in transitioning payments from a fragmented network of disconnected tools into an intelligent, unified operating system.

Under Lewison’s guidance, PhotonPay has established a robust global footprint, expanding to 14 strategic operational hubs across major financial jurisdictions, with a team of over 500 professional employees. Through deep technical and commercial partnerships with world-leading financial institutions, global card networks and banks, the platform now supports more than 60 major currencies, with its full product suite covering over 200 countries and regions. Today, this institutional-grade infrastructure is trusted by more than 200,000 businesses worldwide to secure, manage and optimize their cross-market financial operations.

Abstracting the friction of legacy global banking, PhotonPay operates as a unified financial operating system, which encapsulates multi-currency banking networks and stablecoin rails into a single, programmable infrastructure layer. Clients can run their capital workflows via an intuitive portal, or seamlessly extend these capabilities to their business applications via robust APIs. This modular OS coordinates the entire lifecycle of corporate capital, enabling multi-currency collections, real-time global payouts, card issuance, on/off-ramping, FX conversions and automated reconciliation within a secure and efficient ecosystem.

“Long-term infrastructure is never built on static formulas — it’s built on the conviction to turn macroeconomic uncertainty into operational certainty,” said Lewison Chen, Founder and CEO of PhotonPay.” Being recognized on the 36Under36 list reflects not just what PhotonPay has built, but what we believe the next generation of global financial infrastructure must become: programmable, adaptive, and borderless. We are investing heavily in our global network and technical architecture so that payments stop being a cost center and start being a strategic engine for growth.”

On the WAVES Stage: Redefining Capital Velocity for Global Businesses

Addressing the summit’s flagship panel, “Riding the Waves Before Anyone Believes,” PhotonPay’s Sales VP Joey Xu aligned these capabilities with real-world market execution.

“Global financial giants and legacy banks established the foundational networks of digital trade,” Joey noted during the discussion. “PhotonPay’s mission is not to disrupt this baseline, but to provide precise ecosystem adaptation. We translate complex, fragmented global banking structures into a tailor-made financial operating system optimized for the exact workflows of international businesses.”

Joey highlighted that multi-market organizations routinely drain liquidity and lose days of transaction velocity when transferring funds across disconnected collection, FX, and disbursement applications. PhotonPay resolves this by enabling businesses to retain global earnings in a multi-currency wallet, allowing balances to be instantly deployed for real-time operational expenses — such as global digital ad spends or logistics payouts. Unified approach like this has allowed PhotonPay to reduce global capital costs for its clients by more than 75% while boosting treasury operational efficiency by 60%.

When discussing long-term execution in a volatile market, Joey identified three core pillars of PhotonPay’s operational ethos:

Long Cycle: Building institutional-grade payment networks, technological foundations, and international regulatory licenses requires years of deliberate cultivation rather than reliance on short-term market trends.Granularity: Global infrastructure success depends on a meticulous focus on hyper-local compliance matrices, regional clearing frameworks, and real-time FX fluctuations.Continuous Listening: Sustainable growth relies on maintaining an ongoing dialogue with the market to capture the shifting realities of global commerce.

Moving forward, PhotonPay will continue to anchor its strategy in long-term infrastructure evolution, expanding the boundaries where payment technology intersects with core corporate operations. By pioneering the convergence of traditional finance with programmable architecture, stablecoin and agentic commerce, the company aims to deliver sustained value to the global trade ecosystem.

About PhotonPay

PhotonPay is a stablecoin-powered financial operating system built for the stablecoin era. Designed for modern enterprises, PhotonPay enables businesses to send, receive, convert, and settle funds across both fiat and stablecoin rails through a single, compliance-first integration, spanning 200+ countries and territories.

For more information, visit [www.photonpay.com].

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/scaled-for-global-commerce-photonpay-reinforces-market-leadership-at-2026-waves-summit-302804254.html

SOURCE PhotonPay

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LG Display OLED becomes world’s first to achieve “Perfect Color/Brightness” certification

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SEOUL, South Korea, June 21, 2026 /PRNewswire/ — LG Display, the world’s leading innovator of display technologies, announced today that its entire lineup of large-sized OLED panels, including for monitors and TVs, has become the first in the world to receive “Perfect Color/Brightness Accuracy up to 500 lux” certification from global testing and certification organization Intertek. This certification confirms that a display can accurately reproduce both color and brightness regardless of viewing conditions or content.

The certification is particularly meaningful as it quantitatively validates how accurately a display reproduces color and brightness. Previously, display quality had largely been assessed based on specifications such as color gamut or peak luminance, which have limitations in objectively verifying how closely a display reproduces real-world colors.

To address this, Intertek conducted comprehensive testing on OLED and LCD displays using a range of test patterns to measure variations in color and brightness, thereby objectively evaluating overall picture quality accuracy.

The test results revealed that LG Display’s OLED panels — featuring self-emissive pixels — simultaneously recorded 100% color accuracy, 100% brightness accuracy, and color crosstalk-free performance. Therefore, they deliver the creator’s intended color and brightness accurately, whatever the viewing environment or type of content. 100% color accuracy means consistent color reproduction regardless of test pattern size; 100% brightness accuracy refers to uniform brightness regardless of test pattern size; color crosstalk-free performance means no color interference between adjacent pixels, enabling precise color expression.

In contrast, LCD displays — which rely on backlight units larger than individual pixels — showed limitations when displaying high dynamic range (HDR) content such as starry night skies or fireworks, where brightness in highlighted areas can be diminished. In some premium LCD TVs using RGB LED backlights, color distortion was observed depending on the background colors.

These differences in picture quality accuracy stem from fundamental differences in light emission methods.

LCD-based displays control light by zones through a backlight, leading to light leakage into adjacent areas. This structural limitation means that even premium LCD panels exhibit color crosstalk and reduced accuracy in brightness and color reproduction.

LG Display’s OLED panels operate using pixel dimming technology, with millions of individual pixels emitting light independently. This self-emissive structure fundamentally eliminates light leakage and interference, enabling precise reproduction of both bright and dark elements, regardless of content size or scene conditions, and delivering a superior viewing experience.

Through this certification, LG Display aims to take the lead in global picture quality competition by quantifying the value of real-world viewing experiences perceived by consumers.

“LG Display’s OLED has now been objectively proven to deliver the most accurate color and brightness even in everyday viewing environments,” said Hyeon-woo Lee, Head of the Large Display Business Unit at LG Display. “We will continue to strengthen our market leadership by more clearly communicating the differentiated value of premium picture quality that only OLED can deliver to customers worldwide.”

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world’s leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 53,049 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:
Joo Yeon Jennifer Ha, Team Leader, Communication Team
Email: hjy05@lgdisplay.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-display-oled-becomes-worlds-first-to-achieve-perfect-colorbrightness-certification-302805835.html

SOURCE LG Display

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