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A*STAR And MojiaBio To Develop Next-gen Sustainable Biomanufacturing Platform In Singapore

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SINGAPORE, Feb. 28, 2025 /PRNewswire/ — This initiative aims to produce eco-friendly bio-based molecules from low-cost, eco-friendly sources. Key benefits include:

Cost-parity with conventional methods: Unlike existing bio-based molecules production, this initiative aims to achieve cost-parity with conventional processes by utilising low-cost renewable sources like methanol.

Wide-ranging industry applications: The sustainable bio-based molecules produced can be used for wide-ranging industrial applications in textiles, automotive, personal care, and coatings industries.

Boosting Singapore’s green economy: This effort strengthens Singapore’s leadership in the global bioeconomy, which can lead to high-value job creation in sustainable biomanufacturing.

SINGAPORE – MojiaBio, a leading innovator in green chemistry and sustainable biomanufacturing, will be developing an SGD 44.8 million state-of-the-art Sustainable Biomanufacturing Technology Platform (SBTP) with the Agency for Science, Technology and Research (A*STAR). By integrating advanced synthetic biology and bioprocessing innovations, the SBTP aims to position Singapore as a global leader in sustainable biomanufacturing, accelerating the transition to a circular bioeconomy and net-zero future.

Unlike other existing bio-based molecules in the market, the SBTP aims to pioneer the production of a range of high-value bio-based molecules that are cost-competitive and serve the needs of various industries. This is made possible due to the innovative use of cost-effective sources like methanol and ethylene glycol, which enables the platform to produce scalable, sustainable alternatives to conventional chemical processes. This includes the production of 1,3-propanediol (PDO), a key ingredient for a broad array of industries such as skincare products, coatings and biodegradable plastics.

Building Singapore’s Capabilities in Green Biomanufacturing

The global market for green chemicals is projected to reach USD 200 billion (around SGD 270 billion) by 2030, driven by increasing demand for sustainable alternatives to their fossil-based counterparts. This collaboration will help Singapore build up our synthetic biology capabilities, which will help position us to capture a share of this growing market and contribute to the development of new economic opportunities in the green economy.

At the heart of the SBTP is MojiaBio’s proprietary Cn+Bio™ pathway and OrthBio® bioconversion process, designed to convert low-cost, renewable sources into bio-based molecules. This will be developed in close collaboration with A*STAR Singapore Institute of Food and Biotechnology Innovation (A*STAR SIFBI)—which will provide expertise on enzyme engineering—to ensure a faster, more reliable, and higher-yield conversion.

“The SBTP will not only produce bio-based molecules but also support downstream application research to synthesise high-value sustainable products for different industries,” said Dr Ramon Gonzalez, MojiaBio CSO. “Through our partnership with A*STAR, we will be able to accelerate the commercialisation of green PDO to meet the growing demands and needs of the market.”

The SBTP leverages advanced synthetic biology and integrates the National University of Singapore (NUS)’ computational modelling expertise to engineer enzymes and microbial strains, optimising them as biocatalysts. Unlike conventional fermentation methods, the platform operates independently of its host cell metabolism, which significantly enhances energy efficiency, scalability, and sustainability while reducing production costs.

Professor Tan Sze Wee, Assistant Chief Executive from A*STAR Biomedical Research Council said, “The SBTP marks a significant step forward in sustainable biomanufacturing for Singapore, demonstrating how synthetic biology can unlock cost-effective productions of scalable value-added ingredient alternatives. By leveraging synthetic biology and enzyme engineering capabilities at A*STAR SIFBI and A*STAR Institute of Sustainability for Chemicals, Energy and Environment (A*STAR ISCE2) and forming strategic private-public partnerships, we are laying the foundation for further advancements in sustainable biomanufacturing across multiple industries. This collaboration will not only accelerate Singapore’s bioeconomy growth but also underscore our commitment to advancing in value-added ingredient innovation and green technologies.”

Lim Wey-Len, Executive Vice President, Singapore Economic Development Board (EDB) said: “Singapore has been developing our capabilities in industrial biotechnology as part of a push for sustainable manufacturing. The SBTP demonstrates how leading companies can partner Singapore’s research ecosystem to innovate and commercialise novel products that improve the quality of life, while meeting sustainability commitments. We welcome more like-minded companies to create solutions through Singapore that can further grow Asia’s bioeconomy sector.”

Advancing Green Economy: Building a Sustainable Future Together

The SBTP aligns with the Singapore Green Plan 2030 targets and global sustainability goals, such as reducing carbon emissions and promoting a circular economy. Compared to conventional methods, bio-based molecules produced through this platform offer significant environmental benefits over conventional processes, including:

Reduced energy use: Renewable sources (e.g. methanol and ethylene glycol) require less energy to process.

Lower carbon footprint: Bio-based production typically emits significantly less carbon dioxide than conventional chemical processes by around 60%.

Fewer pollutants: Bio-based methods produce fewer harmful emissions, such as nitrogen oxides (NOx) and sulphur oxides (SOx).

“This collaboration exemplifies our vision to create impactful, sustainable solutions for the future,” said Dr Gonzalez. “MojiaBio is also making strides to establish our operational headquarters and a dedicated research laboratory in Singapore to accelerate commercialisation of other green chemicals to contribute to Singapore’s bioeconomy and the global transition toward sustainability.”

1 “Green Chemicals Market – Global Industry Assessment and Forecast.” Vantage Market Research, 4 July 2023, www.vantagemarketresearch.com/industry-report/green-chemicals-market-1347

About the Agency for Science, Technology and Research (A*STAR)

The Agency for Science, Technology and Research (A*STAR) is Singapore’s lead public sector R&D agency. Through open innovation, we collaborate with our partners in both the public and private sectors to benefit the economy and society. As a Science and Technology Organisation, A*STAR bridges the gap between academia and industry. Our research creates economic growth and jobs for Singapore, and enhances lives by improving societal outcomes in healthcare, urban living, and sustainability. A*STAR plays a key role in nurturing scientific talent and leaders for the wider research community and industry. A*STAR’s R&D activities span biomedical sciences to physical sciences and engineering, with research entities primarily located in Biopolis and Fusionopolis.

About A*STAR Singapore Institute of Food and Biotechnology Innovation (A*STAR SIFBI)

A*STAR Singapore Institute of Food and Biotechnology Innovation (A*STAR SIFBI)’s vision is to be an innovation engine for health and well-being, focusing on the Asian phenotype. Our two strategic pillars are: 1) Developing sustainable, value-added ingredients for food and consumer care; and 2) Optimizing health and wellbeing within the Asian phenotype. We prioritize consumer acceptance, considering taste, texture, and nutrition, alongside sustainable and safe food production. Understanding sensory preferences and the Asian phenotype allows us to tailor food designs to meet consumer needs and improve population health and wellness. We directly impact food resilience, population health, economic growth, and talent development. We envision Singapore as a leading hub for Asian food and nutrition research, fostering industry partnerships and regional collaboration to advance this critical field. This is achieved through public-private partnerships locally and globally. Learn more about SIFBI.

About MojiaBio

MojiaBio is a pioneering leader in industrial biomanufacturing, revolutionizing the production of commodities, materials, and chemicals through sustainable and green processes. By leveraging cutting-edge technologies and demand-driven innovation, MojiaBio is committed to creating transformative solutions that shape the future of multiple industries. For more information on MojiaBio.

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SOURCE MojiaBio

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Bloomberg Introduces Spread-to-Benchmark Quoting for EUR and GBP Portfolio Trading Baskets

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LONDON, June 2, 2026 /PRNewswire/ — Bloomberg today announced the launch of Spread-to-Benchmark quoting and trading for Euro (EUR) and Sterling (GBP) denominated portfolio trades through its Portfolio Trading Basket Builder (PTBB). The new functionality expands the range of quoting protocols available for European credit portfolio trading and reflects growing client demand for spread-based execution workflows, alongside increased dealer support for the convention across EUR and GBP markets.

Spread-to-Benchmark quoting is a well-established protocol for USD credit portfolio trades and is used by market participants to evaluate and execute portfolio trades. By extending this workflow to EUR and GBP portfolio trades, Bloomberg enables clients and dealers to transact using a familiar spread-based methodology across additional credit markets. 

The introduction of Spread-to-Benchmark quoting for EUR and GBP baskets reflects increased client interest in evaluating portfolio trades through a spread-based lens and the growing adoption of spread-based execution workflows in European credit markets. The workflow provides market participants with an additional framework for assessing the relationship between credit spread risk and underlying government bond yields when pricing and executing portfolio trades. 

Additional Workflow Flexibility 
The workflow complements Bloomberg’s existing portfolio trading capabilities, which support the full range of market-standard quoting conventions, including Price, Yield, Spread-to-Benchmark and Spread based workflows that reference Bloomberg’s evaluated pricing service (BVAL). This gives clients flexibility to compare and execute portfolio trades using the quoting methodology that best aligns with their investment objectives, execution preferences and internal risk management processes. 

“European credit clients continue to look for execution workflows that reflect how they evaluate risk and monitor portfolio trading outcomes,” said Harry Street, Global Head of Credit and Equities Trading Product at Bloomberg. “By expanding dealer support for Spread-to-Benchmark quoting for EUR and GBP baskets, Bloomberg is broadening the range of workflow options available to clients trading European credit portfolios.” 

“Portfolio trading workflows in fixed income continue to become more sophisticated as institutional investors look for ways to evaluate execution quality in changing market conditions,” said Kevin McPartland, Head of Market Structure & Technology Research at Crisil Coalition Greenwich. “Spread-based quoting helps market participants more clearly distinguish between the impacts of credit spread and underlying rates movements when determining how best to execute a portfolio trade.” 

Bloomberg’s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 800 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg L.P.

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Dr. Sunho Kang, a senior battery-technology executive with leadership experience at major global battery and EV manufacturers, joins TeraWatt Technology as Head of Product and Technology

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SAN FRANCISCO, June 2, 2026 /PRNewswire/ — TeraWatt Technology Inc. (Headquartered in California, USA) is pleased to announce that Dr. Sunho Kang has joined the company as Head of Product and Technology.

Dr. Kang is a globally recognized battery-technology executive with more than 25 years of leadership experience spanning the United States, Asia, and Europe, and a distinguished track record of advancing innovations from laboratory research through gigafactory-scale production. He has held senior executive positions at world-leading organizations including Samsung SDI, Apple, and Volkswagen Group of America, and brings deep expertise in lithium-ion battery materials, cell engineering, and product industrialization across a broad range of applications, including electric vehicles and energy storage systems.

At TeraWatt, Dr. Kang will lead global product development and the commercialization of TeraWatt’s battery technology platform, aiming to accelerate the delivery of TeraWatt’s competitive products as well as the technology and commercialization roadmap including manufacturing scale-up.

Dr. Kang commented:

“I am thrilled to join TeraWatt Technology as Head of Product and Technology. TeraWatt’s innovative battery platform presents a tremendous opportunity to push the boundaries of lithium-ion technology, and I look forward to working with the team to accelerate product development and commercialization to deliver meaningful impact.”

TeraWatt Technology founder CEO Ken Ogata, Ph.D. commented:

“We are thrilled to welcome Dr. Kang as our Head of Product and Technology. His deep expertise in battery materials, cell engineering, and productization will be instrumental in accelerating TeraWatt’s product roadmap and technology leadership. Together with Dr. Kang, we will continue to drive our mission forward.”

About TeraWatt Technology Inc.
TeraWatt Technology Inc. is a California-based company that produces lightweight, high-power, and safe next-generation lithium-ion batteries.

Company Overview
Name: TeraWatt Technology Inc.
Representative: Co-founder and CEO Ken Ogata
Headquarters: 28 Geary St, Suite 650, San Francisco, CA 94108, United States
Founded: January 2020
Established: December 2019
URL: https://www.terawatt-technology.com/

 

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SOURCE TeraWatt Technology Inc.

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Tencent Cloud and Soniox Announce Strategic Partnership: Combining Advanced Speech-to-Text (STT) Technology with Global Real-Time Infrastructure

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HONG KONG, June 2, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced a strategic partnership with Soniox, a San Francisco-based speech AI company that specializes in developing high-accuracy, low-latency speech AI solutions. The collaboration integrates Soniox’s speech-to-text (STT) technology with Tencent Cloud’s Real-Time Communication (TRTC) enterprise-grade global infrastructure, enabling enterprises to build and deploy multilingual voice AI applications across 200+ countries and regions.

Elevating Enterprise Voice AI at a Global Scale

In enterprise voice AI deployments, latency directly affects user experience and application reliability. The integration of Soniox’s high-accuracy, low-latency STT with TRTC’s global transmission infrastructure reduces latency across the entire pipeline, creating a comprehensive end-to-end solution for enterprises deploying conversational AI applications worldwide.    

Soniox is the voice platform for every language. Unlike legacy speech AI, which was built primarily for English-speakers, Soniox delivers native-speaker accuracy across 60+ languages. Its technology can handle mid-sentence language switching — a user can switch between English and Chinese in a single utterance, and Soniox will capture every word with complete accuracy. All of this works through a single API that works for both speech-to-text and text-to-speech.

By integrating TRTC, the partnership leverages an enterprise-grade real-time communication backbone featuring more than 3,200 global nodes, sub-300 ms worldwide latency, and advanced capabilities such as AI noise suppression and weak-network resilience. These capabilities enable conversational AI applications to operate reliably across diverse network environments, including regions such as Southeast Asia and Africa.

With the roll out of this partnership, developers can integrate the Soniox STT API directly within the Tencent Cloud console. Whether targeting English-speaking markets or supporting languages such as Arabic, Hindi, and Malay, enterprises can build global voice applications — including intelligent customer service, voice assistants, real-time translation, and meeting transcription — to address the demands of expansion into emerging markets and multilingual scenarios.

Wison Xie, Head of Product at Tencent RTC, stated: “Tencent RTC has always been committed to providing reliable real-time communication infrastructure for global enterprises. Our partnership with Soniox brings together our strengths in enterprise-grade audio transmission and Soniox’s advanced speech recognition technology. Together, we are making it easier for businesses to deploy accurate, low-latency voice AI applications across any language and any market.”

Klemen Simonic, CEO at Soniox Inc., stated “At Soniox, our mission is to help businesses understand every word, in any language, with native speaker accuracy and exceptional speed. Partnering with Tencent Cloud combines our speech AI with world-class real-time infrastructure, enabling enterprises to build voice AI experiences that scale globally with low latency and reliability.”

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Tencent RTC:

Tencent RTC provides real-time communication solutions, including audio/video calling, live streaming, and in-game voice. With enterprise-grade security, AI-powered enhancements, and a global network of over 3,200 nodes, Tencent RTC powers mission-critical communication for customers worldwide.

About Soniox:

Soniox is a next-generation voice AI company bringing about the end of English-first speech AI. Most people on the planet did not grow up speaking English and often mix languages mid-sentence; and yet legacy speech AI was built for just English. Soniox is different: native-speaker accuracy across 60+ languages, true mid-sentence language switching, and flawless alphanumeric recognition that legacy providers still can’t match. For developers building global apps, Soniox is the only option. Try it for yourself at soniox.com.

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SOURCE Tencent Cloud

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