Connect with us

Technology

Mousterian Corporation and Samsung Heavy Industries Sign Engineering Contract for the Partnership’s First Floating Data Center Deployment in the United States

Published

2 months ago

on

Agreement launches joint engineering of purpose-built, moored floating data centers for the U.S. market, each facility delivering 50 MW of critical IT capacity — advancing the parties’ April 2026 MOU from framework to execution

DALLAS and SEONGNAM, South Korea, Aug. 3, 2026 /PRNewswire/ — Mousterian Corporation, Inc. (“M3”), a developer of water-adjacent data center infrastructure, and Samsung Heavy Industries Co., Ltd. (“SHI”), one of the world’s largest shipbuilders and maritime engineering firms, today announced the signing of an engineering contract for the parties’ first moored floating data center (“FDC”) deployment in the United States, the priority project advanced under their strategic cooperation. The agreement was executed at a signing ceremony held on July 22, 2026.

Under the engineering contract, M3 and SHI will jointly perform the basic design, detailed engineering, and production design for purpose-built moored FDC units, each delivering 50 megawatts (“MW”) of critical IT capacity, planned for deployment in Texas and other key U.S. markets. The engineering program establishes the technical baseline for a definitive Engineering, Procurement, and Construction (“EPC”) contract, which the parties intend to execute upon or prior to completion of the engineering works. The American Bureau of Shipping (ABS) is expected to serve as classification society for the project.

The data center design emphasizes sustainability and environmental sensitivity alongside speed of delivery. Each facility employs bulk non-evaporative cooling that consumes no potable water and returns zero process discharge to the surrounding waterway; and supports facility-scale, high-density, liquid-cooled AI compute at a very low power usage effectiveness (PUE). Because the design eliminates the air-cooled chillers and fans that dominate conventional data centers, each facility also operates with a minimal noise profile — a meaningful reduction in noise pollution for surrounding communities.

The contract marks the first definitive project agreement under the strategic cooperation framework announced by M3 and SHI in April 2026 and moves the partnership from framework to execution on its priority project. The pilot deployment is designed to demonstrate that purpose-built floating data centers, sited adjacent to existing power generation assets, can materially compress delivery timelines for hyperscale and AI compute by unlocking generation capacity beyond the reach of conventional land-based sites.

“Signing this engineering contract transitions our partnership with Samsung Heavy Industries from intent to execution and gives us a clear path to scaling factory-built critical IT capacity for AI-class facilities,” said Min Suh, Chief Executive Officer of Mousterian Corporation. “We are jointly engineering the first mission-critical data center of its class to be fabricated off-site to shipyard standards. Because the facility is built in a shipyard, fabrication advances in parallel with sitework rather than after it — a schedule and scale that conventional delivery methods cannot match. And by siting these facilities alongside existing stranded baseload generation and maritime infrastructure, we reach power that land-based development cannot.”

“Floating data centers are a natural extension of the engineering, fabrication, and project delivery capabilities we have built over five decades in offshore and maritime construction,” said Sung-an Choi, Vice Chairman and Chief Executive Officer of Samsung Heavy Industries. “Together with Mousterian, we intend to deliver floating data centers with the same rigor, quality, and schedule certainty that define our maritime track record.”

The engineering works build on M3’s broader development platform across site origination, power partnerships, data center design, capital formation, and tenant relationships, and on SHI’s engineering, fabrication, and delivery capabilities for floating maritime assets at scale.

About Mousterian Corporation, Inc.

Mousterian Corporation (“M3”) is a developer of water-adjacent data center infrastructure. The company’s platform pairs proprietary floating data center designs with development, power pipeline, capital formation, and tenant relationships across the hyperscale and AI compute sectors. M3’s leadership includes the team behind the world’s first operational floating data center and senior executives drawn from data center design, delivery, operations, infrastructure policy, and capital markets. The company is headquartered in Dallas, Texas. For more information, visit www.mousterian.com.

About Samsung Heavy Industries Co., Ltd.

Samsung Heavy Industries Co., Ltd. (“SHI”), founded in 1974 and headquartered in Seongnam, South Korea, is one of the world’s largest shipbuilders and a leader in offshore and maritime engineering. SHI designs and delivers a broad range of vessels and floating offshore assets, including LNG carriers, drillships, FPSOs, and floating production platforms, for customers worldwide. For more information, visit www.samsungshi.com.

Forward-Looking Statements

This release contains forward-looking statements regarding the parties’ engineering cooperation, the intended execution of a definitive EPC contract, and the future development of floating data center projects, including the parties’ first deployment in the United States. Such statements involve known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied. The parties undertake no obligation to update any forward-looking statements except as required by law.

Media Contacts
Mousterian Corporation, Inc.
Min Suh, Chief Executive Officer
min@mousterian.com
Samsung Heavy Industries Co., Ltd.
Seunghyun Lee, Director
shyun80.lee@samsung.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/mousterian-corporation-and-samsung-heavy-industries-sign-engineering-contract-for-the-partnerships-first-floating-data-center-deployment-in-the-united-states-302841432.html

SOURCE Mousterian Corporation

Related Topics:
Continue Reading

Technology

Hong Kong Shopping Festival Marks Malaysia Debut with 100 Brands and Over 350 Products to Discover

Published

30 minutes ago

on

September 21, 2026

By

KUALA LUMPUR, Malaysia, Sept. 21, 2026 /PRNewswire/ — The Hong Kong Trade Development Council (HKTDC) today announced the launch of its inaugural Hong Kong Shopping Festival in Malaysia, marking the first time the event has expanded into an ASEAN market.

The festival runs from 21 to 27 September 2026, spotlighting some 100 brands and more than 350 featured products from Hong Kong across Beauty & Personal Care, Fashion, Food & Supplement, Fun & Smart Living, and Senior Wellness Essentials. Malaysia consumers can explore participating brands and products through Shopee, Lazada and the official Hong Kong Shopping Festival website.

Themed “Hong Kong Highlights, One Click Away”, the campaign brings the energy and variety of Hong Kong SAR‘s shopping scene closer to Malaysia consumers. From familiar household names to emerging brands and new finds, it offers shoppers a fresh way to experience the breadth of Hong Kong products while reconnecting with favourites they already know and love. Participating brands include Lee Kum Kee, CATALO, Chow Tai Fook, Chow Sang Sang, Wai Yuen Tong and Chicks, alongside a wider selection of brands and products.

Malaysia marks the first step into ASEAN

The Malaysia launch forms part of the initiative’s first expansion into ASEAN, with Malaysia and Singapore serving as its initial target markets. Following previous editions focused on the Chinese Mainland, the move marks a new phase for the programme as HKTDC looks to connect Hong Kong businesses with new consumers and markets across the region.

Supported by the HKSAR Government, the event gives consumers a trusted way to explore a curated selection of quality Hong Kong products. Throughout the week, shoppers can enjoy limited-time discounts of up to 50%, shopping vouchers and exclusive livestream offers as they discover participating brands across various online platforms.

Mr. Leung Kwan Ho, Regional Director, Southeast Asia & South Asia, HKTDC, said, “Hong Kong SAR has always had a strong connection with Malaysia consumers, from the brands they grew up with to the new products they continue to discover. Through the Hong Kong Shopping Festival, we hope to bring that experience closer to shoppers here, giving them an easy way to rediscover familiar favourites, uncover new brands and experience the diversity of what Hong Kong has to offer today.”

Bringing the shopping experience to life

Beyond browsing, the online shopping event will feature more than 30 hours of livestream shopping content led by popular livestream hosts and influencers in Malaysia and Singapore, giving consumers a more interactive way to engage with participating brands.

Through product demonstrations, first-hand reviews and real-time interaction, viewers can get a closer look at featured products and learn more about the brands behind them, while selected livestream sessions will also feature exclusive offers.

Dedicated campaign pages on Shopee and Lazada will also bring selected products and promotions together in one place, while the official festival website will feature participating brand information, promotional offers and curated recommendations throughout the week.

The Hong Kong Shopping Festival is the flagship annual event under HKTDC’s E-Commerce Express programme, which aims to help Hong Kong companies expand their cross-border e-commerce business and reach new markets. Through collaborations with leading e-commerce platforms, livestream promotions, and integrated marketing activities, HKTDC aims to help participating businesses enhance market visibility, gain practical cross-border e-commerce experience, and explore opportunities arising from the continued growth of ASEAN’s digital economy and e-commerce market.

The Hong Kong Shopping Festival (ASEAN) runs from 21 to 27 September 2026. For more information about the event, please visit Hong Kong Shopping Festival (ASEAN).

HKTDC’s Malaysia Office
Kenix Chua
Tel: (603) 2381 1061
Email: kuala.lumpur.office@hktdc.org

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hong-kong-shopping-festival-marks-malaysia-debut-with-100-brands-and-over-350-products-to-discover-302883778.html

SOURCE Hong Kong Trade Development Council

Continue Reading

Technology

01F Group Announces Investment in DANA, Indonesia’s Leading Digital Financial Company, Reinforcing Long-Term Confidence in Asia’s Fintech Opportunity

Published

30 minutes ago

on

September 21, 2026

By

SINGAPORE, Sept. 20, 2026 /PRNewswire/ — 01F Group through its growth-stage fintech private equity arm, 01Fintech, today announced its investment in DANA, Indonesia’s leading digital financial platform. The investment reflects 01F Group’s commitment to supporting resilient, locally rooted technology infrastructure that advances financial inclusion and supports Indonesia’s real economy. It also strengthens the Group’s presence in Asia’s fintech sector and reflects its conviction that Indonesia remains one of the region’s most dynamic digital-payments markets, underpinned by high digital adoption, a large consumer base and growing demand for technology-enabled financial services.

As Southeast Asia’s largest digital economy evolves, digital payments have become an essential part of everyday commerce for consumers and small businesses. Indonesia’s digital economy continues to expand rapidly, with digital payments projected to approach USD1 trillion by 2030.

DANA is a leading Indonesian digital e-wallet and digital financial services platform that serves consumers, merchants and financial institutions through a single, integrated ecosystem. Its scale and reach underscore the strength of its platform, including metropolitan and non-metropolitan regions and supports millions of users and micro, small, and medium enterprises (MSMEs), especially across Tier 2 to Tier 4 regions.

01F Group invests in category-defining platforms distinguished by sustainable unit economics, strong local execution, and meaningful utility for the communities they serve. Through this partnership, 01F Group leverages 01Fintech’s sector expertise and regional network to support DANA’s continued growth and the expansion of its financial-services offering.

Kenny Man, Founder and Managing Partner of 01F Group, stated:

“Our investment in DANA is grounded in three core convictions: the platform’s exceptional operational discipline, its essential role in empowering local MSMEs, and the team’s unwavering resilience. We are not just capital providers; we look forward to being a long-term partner to DANA as it continues to strengthen Indonesia’s digital financial infrastructure and broaden access to trusted financial services.”

Vince Iswara, Chief Executive Officer and Co-founder of DANA, said:

“We are pleased to welcome 01Fintech to DANA’s journey. Beyond capital, 01Fintech brings specialized fintech expertise, strategic regional connectivity, and a shared commitment to sustainable growth. Together, we remain focused on strengthening our core platform, supporting everyday merchants, and providing trusted financial tools to communities across Indonesia.”

Unlocking Ecosystem Value & Strategic Synergy

The investment strengthens 01F Group’s footprint in the regional fintech value chain. 01Fintech and DANA will explore opportunities to create value across the broader ecosystem, including:

Expand Credit & Capital Access: Connect MSMEs on the DANA platform with scalable lending and working capital solutions.Broaden access to financial services: Supporting access to products such as micro-insurance, digital savings and wealth-building tools for underserved users.Support regional connectivity: Leveraging 01F Group’s network to explore more efficient cross-border payment solutions for Indonesian merchants and consumers

01F Group and DANA share a commitment to using technology to support the real economy and create durable value for Indonesian businesses and consumers.

About 01F Group

01F Group is a global investment platform that backs visionary founders and CEOs building next generation technology leaders. The Group combines specialised capital with deep operational partnership to help companies bridge innovation and execution, making digital ecosystems more accessible and scalable. Through a family of focused funds, 01F Group supports companies at different stages of their growth journey: 01Fintech, a growth-stage, Asia-focused private equity strategy that empowers fintech entrepreneurs to innovate and scale, with a particular emphasis on digital financial inclusion; 01F GPS (Global Partner Solutions) scales proven technologies into global market leaders through execution-focused partnerships and joint ventures; and the 01F Intelligence Fund, an investment platform focused on trusted AI systems for the global economy.

Together, 01Fintech, 01F GPS and the 01F Intelligence Fund reflect the Group’s long-term approach to technology value creation: backing category‑defining companies, commercialising proven technologies globally and participating in the next wave of growth across fintech, AI and the wider digital economy.

For more information, please visit www.01fgroup.com.

About DANA

DANA (PT DANA Digital Group) is Indonesia’s leading digital financial platform, playing a pivotal role in advancing financial inclusion and accelerating the country’s digital economy through secure, trusted, and innovative financial services. Since 2018, DANA’s integrated ecosystem, including digital payments, QRIS, money transfers, and AI-powered financial solutions, empowers millions of users, businesses, and financial institutions. DANA continues to advance AI innovation, cybersecurity, and fraud prevention, delivering secure financial experiences while helping improve the financial wellbeing of Indonesians.

View original content to download multimedia:https://www.prnewswire.com/news-releases/01f-group-announces-investment-in-dana-indonesias-leading-digital-financial-company-reinforcing-long-term-confidence-in-asias-fintech-opportunity-302883128.html

SOURCE 01F Group

Continue Reading

Technology

NETMARBLE WRAPS UP TOKYO GAME SHOW 2026 WITH THREE UPCOMING TITLES

Published

30 minutes ago

on

September 21, 2026

By

Second consecutive TGS appearance featured three upcoming titles, with hands-on demos, live stage programs and interactive experiences

SEOUL, South Korea, Sept. 21, 2026 /PRNewswire/ — Netmarble, a leading developer and publisher of high-quality games, successfully concluded its second consecutive appearance at Tokyo Game Show (TGS). The company showcased three upcoming titles: Shangri-La Frontier: The Seven Colossi, Solo Leveling: KARMA and Pearl in Blue.

Following its TGS debut in 2025 with MONGIL: STAR DIVE and The Seven Deadly Sins: Origin, Netmarble returned with three titles this year, while its booth grew from 56 units to 63 units. Attendees were able to experience each game through hands-on demos alongside live stage programs and other on-site activities.

HANDS-ON DEMOS AND LIVE PROGRAMS ACROSS THREE UPCOMING TITLES

Shangri-La Frontier: The Seven Colossi, the first-ever game adaptation of the hit Shangri-La Frontier IP, was presented in playable form for the first time at TGS 2026. Attendees experienced its tag-based collectible RPG gameplay, while stage programs featuring the development team and members of the anime voice cast highlighted the game’s combat and strategic elements.

Solo Leveling: KARMA offered an early hands-on look at its fast-paced roguelite action and original story set within the Solo Leveling universe. Players battled through the Dimensional Gap using different combinations of weapons and buffs, while live gameplay challenges featured members of the anime voice cast and popular gaming creators.

Pearl in Blue was also presented in playable form for the first time, introducing its original world and characters through hands-on gameplay and an immersive themed booth. Voice performances and character-focused stage programs further highlighted the game’s character-driven storytelling and anime-inspired cinematic presentation.

A STRONG RESPONSE ACROSS THE SHOW

The three titles drew steady interest throughout TGS 2026, giving players an early opportunity to experience the games ahead of release and share direct feedback with the development teams.

More information on the three titles will be announced through their respective official channels.

© Katarina, Ryosuke Fuji/KODANSHA © Netmarble Corp. & Netmarble Nexus Inc. All Rights Reserved.

©Solo Leveling Animation Partners ©Netmarble Corp. & Netmarble Neo Inc. All Rights Reserved.

©Netmarble Corp. & Netmarble N2 Inc. All Rights Reserved.

About Netmarble Corporation

Founded in Korea in 2000, Netmarble Corporation is a leading global game developer and publisher. Through acclaimed franchises and strategic partnerships with top-tier IP holders, the company delivers innovative and engaging gaming experiences to audiences worldwide. As a parent company of Kabam, SpinX Games, Jam City, and a major shareholder of HYBE and NCSOFT, Netmarble’s diverse portfolio includes Solo Leveling:ARISE, Seven Knights Idle Adventure, Tower of God: New World, Lineage 2: Revolution, MARVEL Future Fight, Ni no Kuni: Cross Worlds and The Seven Deadly Sins: Grand Cross. More information can be found at http://company.netmarble.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/netmarble-wraps-up-tokyo-game-show-2026-with-three-upcoming-titles-302884115.html

SOURCE Netmarble

Continue Reading

Trending