Saturday, 22 February 2025

Smith+Nephew Unveils Innovative Foot & Ankle Repair Technology In Australia, New Zealand

KUALA LUMPUR, Feb 21 (Bernama) -- Global medical technology company, Smith+Nephew has launched its comprehensive foot and ankle repair portfolio in Australia and New Zealand (ANZ), featuring proprietary adjustable tensioning technology.

Smith+Nephew senior vice president of Sports Medicine, International Markets, Joaquin Lasso said both Australians and New Zealanders are highly active, with over 75 per cent participating in sports and recreational activities.

“Our portfolio of foot and ankle solutions represents a truly groundbreaking introduction for today’s athletes by offering adjustable tensioning technology after anchor insertion, which is not currently available in the ANZ market,” he said in a statement.

Lasso added that this technology allows for personalised treatment, helping patients return to their active lifestyles faster.

This includes the ULTRABRIDGE Adjustable Achilles Reconstruction and ULTRABRACE Adjustable Ankle Instability Techniques, designed to enhance the precision of repairs by allowing surgeons to refine and optimise suture tension after anchor insertion.

This adjustable tensioning technology enables surgeons to customise the range of motion for each patient based on their activity level, offering the opportunity to optimise the repair before finalising the suture. This process aims to restore normal anatomy and potentially improve patient outcomes.

The new portfolio also introduces Smith+Nephew’s top-tier all-suture anchor, now integrated with needles for open procedures, ensuring consistent deployment and strong fixation.

Each year, approximately 230,000 Australians consult a general practitioner for an ankle sprain or strain, highlighting the demand for advanced treatment options.

-- BERNAMA

Friday, 21 February 2025

FORTREA SPONSORS SCRS COLLABORATE FORWARD TO REVOLUTIONISE CLINICAL RESEARCH PRACTICES



KUALA LUMPUR, Feb 21 (Bernama) -- Fortrea, a global contract research organisation (CRO), has announced its sponsorship of the Society for Clinical Research Sites (SCRS) Collaborate Forward working group.

This initiative will bring together 16 major Global Impact Partner organisations to explore and develop best practices to reduce administrative burdens across the clinical research ecosystem.

Fortrea senior vice president (SVP) of Global Project Delivery, Mike Clay emphasised the importance of collaboration in navigating the growing complexity of clinical trials.

“This initiative will develop tangible solutions that clinical study sponsors, CROs, vendors, sites and patient advocacy groups can rally behind,” he said in a statement.

Meanwhile, SCRS SVP, Strategy and Global Business Partnerships, Sean Soth highlighted the collaborative nature of the initiative, which will focus on sharing successful partnerships that impact clinical research across people, processes, and technology.

“This partnership underscores the value of cross-industry collaboration and the collective effort needed to drive meaningful progress in creating a more connected and efficient clinical trial ecosystem,” added Soth.

The working group aims to promote transparency and collaboration to improve clinical site efficiency, with the goal of making clinical trials more sustainable and accessible—ultimately leading to a smoother experience for patients.

Fortrea’s sponsorship marks a significant investment in fostering industry-wide innovation and reflects the company’s dedication to placing sites at the forefront of clinical trial planning.

Collaborate Forward will initially focus on study startup, showcasing the advantages of collaboration through compelling stories, case studies and data-driven insights.

Throughout 2025, Fortrea and SCRS will share updates from the group at SCRS Site Solutions Summits, with contributions from sponsors and CROs aimed at creating a more effective and connected clinical research environment.

-- BERNAMA

Thursday, 6 February 2025

DUCK CREEK TECHNOLOGIES UNVEILS PAYMENTS MARKETPLACE, INTEGRATION WITH PAYMENTUS

KUALA LUMPUR, Feb 5 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has launched its Payments Marketplace, a comprehensive payments ecosystem purpose-built for the global insurance industry.

The Duck Creek Payments Marketplace offers seamless integration with trusted payment providers and delivers end-to-end payment management for carriers, according to a statement.

A key part of the launch is a strategic collaboration with Paymentus, a  provider of digital payment solutions, which adds substantial payment volume to the marketplace. This partnership will support top global insurers and major regional carriers.

Duck Creek Technologies Chief Payments Officer, Allan Lacoste said the Payments Marketplace is a major technological advancement in the insurance industry, focusing on secure, seamless payment processing for carriers and their customers.

“Through strategic partnerships with industry leaders like Paymentus, we're building a robust ecosystem that empowers carriers with both payment flexibility and reliability,” he said.

Meanwhile, Paymentus Holdings Inc Chief Commercial Officer, Jerry Portocalis said the partnership will deliver best-in-class electronic billing and payment solutions to a larger, more global customer base.

By leveraging the Duck Creek Payments Orchestrator, the Payments Marketplace significantly reduces payment integration timelines from the typical nine to 18 months to just one to two weeks.

This rapid integration offers carriers a smooth connection to global payment systems, supporting both collections and payouts without requiring major changes to their information technology (IT) infrastructure.

Additionally, the platform ensures continuous updates, security, and compatibility with Duck Creek’s software as a service (SaaS) core systems, offering enhanced experiences for both insurers and customers.

-- BERNAMA

Wednesday, 5 February 2025

LENDLEASE GLOBAL COMMERCIAL REIT ACHIEVES 10.7%(1) RETAIL RENTAL REVERSION IN 1H FY2025

Key Highlights
 
  • Retail portfolio occupancy remained high at 99.9% while the office portfolio occupancy improved to 86.6% from 81.7% in Q1 FY2025.
  • Lower gross revenue and net property income (“NPI”) mainly due to the absence of supplementary rent in relation to the lease restructure of Sky Complex (“Supplementary Rent”)2. On a proforma basis after adjusting3 for the Supplementary Rent, gross revenue for 1H FY2025 was 0.4% higher whilst NPI was 2.2% lower YoY.
  • Higher finance costs in 1H FY2025 mainly due to the replacement of EURIBOR interest rate hedge at a higher rate in October 2023.
  • Lower distributable income and distribution per unit (“DPU”) primarily driven by higher finance costs, lower NPI and an enlarged unit base.
  • Obtained sustainability-linked loan facilities4 to derisk debt refinancing in 2025.
  • Construction commenced at the multifunctional event space adjacent to 313@somerset.

SINGAPORE, Feb 4 (Bernama-GLOBE NEWSWIRE) -- Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), the manager of Lendlease Global Commercial REIT (“LREIT”), announces its first-half financial results for FY2025.

Financial Performance

Gross revenue and NPI in 1H FY2025 were lower by 13.6% and 19.8% YoY to S$103.6 million and S$74.9 million respectively. This was mainly attributed to the absence of Supplementary Rent in relation to the lease restructure of Sky Complex that was received and recognised upfront in December 2023. On a proforma basis after adjusting3 for the Supplementary Rent, gross revenue for 1H FY2025 was 0.4% higher whilst NPI was 2.2% lower YoY.

Property expenses in 1H FY2025 were S$28.7 million, S$2.1 million higher compared to 1H FY2024 mainly due to expenditure in relation to equipment replacement at Sky Complex and higher property operating expense from the Singapore properties.

LREIT’s distributable income was S$43.5 million in 1H FY2025, translating to a distribution of 1.80 cents per unit (compared to 2.10 cents per unit in 1H FY2024). The lower DPU was primarily driven by higher finance costs, lower NPI as well as an enlarged unit base.

Capital Management

On 6 December 2024, the Manager has obtained S$560 million unsecured sustainability-linked loan facilities to refinance LREIT’s loans maturing in April and September 2025.

Gross borrowings as at 31 December 2024 were S$1,565.0 million with a gearing ratio of 40.8% and a weighted average debt maturity of 2.0 years5. Sustainability-linked financing continues to account for approximately 85% of LREIT’s total committed debt facilities. All of LREIT’s debt is unsecured and there are undrawn debt facilities of S$156.1 million to fund its working capital.

Approximately 70% of the borrowings are hedged to fixed rates with a weighted average cost of debt of 3.57% per annum6. The increase, as compared to 3.37% per annum6 in 1H FY2024, was mainly due to the replacement of EURIBOR interest rate hedge at a higher rate in October 2023. Hence, weighted average cost of debt for 1H FY2025 is now reflective of the full impact of the higher fixed rate of the replaced EURIBOR interest rate hedge. As at the period end, LREIT has an interest coverage ratio (“ICR”) of 2.7 times7 in accordance with requirements in its loan agreements and 1.5 times7 in accordance with the Property Funds Appendix.

Operational Performance

LREIT’s portfolio committed occupancy improved to 92.3% as at 31 December 2024 compared to occupancy of 89.5% as at 30 September 2024. Lease expiry profile remained well-spread with only 3.9% by net lettable area (“NLA”) and 6.4% by gross rental income (“GRI”) due for renewal in FY2025. LREIT continued to maintain a long portfolio weighted average lease expiry (“WALE”) of approximately 7.2 years (by NLA) and 4.6 years (by GRI) respectively.

Construction of the 48,200 square feet8 multifunctional event space adjacent to 313@somerset has commenced. Expected to be completed in 2H 2026 with an estimated seating capacity of 3,000, the state-of-the-art music hall will feature multiple rooms and stages set up to host international tours as well as local artistes.

Retail portfolio continued to achieve positive rental reversion

LREIT’s retail portfolio achieved 99.9% occupancy with a positive rental reversion of 10.7%1 as at 31 December 2024. Tenant retention rate was also maintained at a rate of 86.1%.

For the first six months of FY2025, tenant sales and visitation were lower by 5.2% and 0.6% YoY to S$403.9 million and 33.8 million respectively. The decline in tenant sales was impacted by an increase in outbound travel on the back of strong Singapore currency.

New leases committed at Building 3 of Sky Complex

As at 31 December 2024, office tenants account for approximately 21% of portfolio GRI with a long WALE of 11.7 years by NLA and 14.2 years by GRI.

Successful leasing of Sky Complex Building 3 has improved its committed occupancy to approximately 31% from 8.1% in March 2024. As a result, occupancy at Sky Complex has improved to 81.6% from 75.0% as at 30 September 2024. The Manager continues to see healthy leasing enquiries from the collaborative landlord-tenant effort to shape the Milano Santa Giulia business district into a vibrant hub.

Rental review for Jem office is in the final stage and will conclude by end-February 2025.

Mr Kelvin Chow, Chief Executive Officer of the Manager, said, “Our retail portfolio continues to demonstrate resilience with positive rental reversions. In the near-term, we will focus on the continued positive leasing momentum at Sky Complex Building 3, proactive asset management and prudent capital management.

Now that construction has commenced at the multifunctional event space, we are looking forward to see our partnership with Live Nation and the Singapore Tourism Board come to fruition when the space is completed in 2H 2026.”

About Lendlease Global Commercial REIT

Listed on 2 October 2019, Lendlease Global Commercial REIT (“LREIT”) is established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes.

Its portfolio comprises leasehold properties in Singapore namely Jem (an office and retail property) and 313@somerset (a prime retail property) as well as freehold interest in Sky Complex (three Grade A commercial buildings) in Milan. These five properties have a total net lettable area of approximately 2.0 million square feet, with an appraised value of S$3.68 billion as at 30 June 2024. Other investments include a stake in Parkway Parade (an office and retail property) and development of a multifunctional event space on a site adjacent to 313@somerset.

LREIT is managed by Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of Lendlease Corporation Limited. Its key objectives are to provide unitholders with regular and stable distributions, achieve long-term growth in distribution per unit and net asset value per unit, and maintain an appropriate capital structure.

About the Sponsor - Lendlease Corporation Limited

Lendlease Corporation Limited is a market-leading Australian integrated real estate group. Headquartered in Sydney, it is listed on the Australian Securities Exchange.

Its core capabilities are reflected in its operating segments of Investments, Development and Construction. The combination of these three segments provides them with a sustainable competitive advantage in delivering innovative integrated solutions for its customers. For more information, please visit: www.lendlease.com.

For more information on LREIT, please contact Investor Relations:

Lendlease Global Commercial Trust Management Pte. Ltd.
Ling Bee Lin
enquiry@lendleaseglobalcommercialreit.com
Tel: +65 6671 7374

Important Notice

This press release is for information purposes only and does not constitute or form part of an offer, invitation or solicitation of any offer to purchase or subscribe for any securities of Lendlease Global Commercial REIT (“LREIT”) in Singapore or any other jurisdiction nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever.

The value of units in LREIT (the “Units”) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by Lendlease Global Commercial Trust Management Pte. Ltd. (the “Manager”), DBS Trustee Limited (as trustee of LREIT) or any of their affiliates.

This press release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses, (including employee wages, benefits and training costs), property expenses and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Holders of Units (“Unitholder”) have no right to request the Manager to redeem or purchase their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing of the Units on SGX-ST does not guarantee a liquid market for the Units.

This press release is not to be distributed or circulated outside of Singapore. Any failure to comply with this restriction may constitute a violation of United State securities laws or the laws of any other jurisdiction.

The past performance of LREIT is not necessarily indicative of its future performance. 

http://mrem.bernama.com/viewsm.php?idm=50263

COMMAND ALKON UNVEILS NEXT-GENERATION PLATFORM FOR APAC MARKET



KUALA LUMPUR, Feb 5 (Bernama) -- Command Alkon, a software and solutions provider for the heavy building materials industry, has introduced its next-generation platform, Command Cloud, to the Asia Pacific (APAC) market.

The platform offers an all-in-one cloud solution for managing business processes, including inventory management and back-office functions, for heavy building materials companies, according to a statement.

Command Cloud harnesses the full spectrum of cloud-native advantages, ensuring scalability, resiliency, global reach, and exceptional resource efficiency. Unlike traditional databases, its no Structured Query Language (SQL) technology effortlessly scales to handle peak demand and deliver a consistent and secure user experience.

With uncompromising uptime and resilience, Command Cloud is designed to withstand and swiftly recover from disruptions, reduce total cost of ownership, and remove operational complexities, allowing businesses to invest in other areas to improve top-line profitability.

Leveraging machine learning and generative artificial intelligence, predictive analytics, and decision-making tools are tailored to meet the specific needs of Ready Mix, Aggregate, and Asphalt suppliers. These tools empower users to make informed decisions and drive growth in their unique business landscapes.

In 2024, the company announced a US$20 million investment to accelerate the rollout of cloud-based solutions, and the first products from that investment will be delivered to the APAC market in the second quarter of 2025.

The investment also supports the completion of the development of Aggregates and Asphalt Cloud software offerings, including Bulk Dispatch and Scale Ticketing in 2025.

Command Cloud solutions also incorporate Internet of Things (IoT) technologies for remote management and self-diagnostics, enhancing the user experience. With a focus on creating a seamless experience across software and hardware, Command Alkon aims to drive the future of the heavy building materials industry.

Command Alkon has also invested in a modern user interface for its Dispatch feature, designed through continuous testing and user feedback. This intuitive interface is available on any device and offers customisable analytics dashboards to help businesses track performance and improve profitability.

Command Cloud’s open application programming interface (API) strategy allows businesses to tailor solutions to their specific needs, and its Connected Partner Program aims to drive industry innovation by collaborating with forward-thinking companies.

However, the technology is currently unavailable in China and India.

-- BERNAMA

Tuesday, 4 February 2025

ANAQUA REVEALS GROWTH IN US PATENT GRANTS, INNOVATION TRENDS FOR 2024

KUALA LUMPUR, Feb 3 (Bernama) -- Anaqua, a provider of innovation and intellectual property (IP) management technology solutions, has released its annual United States Patent and Trademark Office (USPTO) data analysis, revealing a nearly six per cent increase in patent grants over the past year.

According to Anaqua in a statement, the total number of granted patents reached 368,597, was based on the analysis conducted using its AcclaimIP patent analytics software.

Anaqua chief executive officer, Bob Romeo said the surge in global patent activity highlights continued investment in emerging technologies.

“Our market leading AcclaimIP solution helps clients search over 165 million patents helping them to analyse IP in order to determine patentability and assess the competitive patent landscape,” he said.

Samsung Electronics remains at the forefront of innovation, leading with 10,427 granted patents. Its key growth areas include organic light-emitting solid-state devices and electric data processing interfaces.

Taiwan Semiconductor Manufacturing Company (TSMC), LG Corp, Qualcomm, and Apple round out the top five companies, with Apple’s focus on multi-use digital and wireless communication technologies propelling it into the list.

In terms of countries, US-based companies led globally with 157,955 patents, despite a slight three per cent decrease from the previous year. Japan, China, South Korea, and Germany followed, with the latter leading Europe.

Technology areas with the highest number of patent grants include semiconductor technology, artificial intelligence (AI), medical innovations, 5G, and virtual reality (VR). Notably, semiconductor patents saw significant growth, while AI patent grants also increased, with innovations in machine learning, image recognition, and biological-related AI.

Anaqua’s report serves as a benchmark for tracking global patent trends, highlighting the strong growth in semiconductor and AI-related innovations, which contribute to a thriving invention ecosystem across industries.

-- BERNAMA

AACSB APPROVES GLOBAL STANDARD-SETTING FRAMEWORK, PAVING THE WAY FOR THE NEXT ERA OF BUSINESS EDUCATION STANDARDS

Transformative Initiative to Shape the Future of Business Education


TAMPA, Fla., Feb 4 (Bernama-GLOBE NEWSWIRE) -- AACSB International (AACSB), the world’s leading accrediting body for business schools, has approved the AACSB Global Standard-Setting Framework. This framework formalizes the process for revising business education standards and establishes a structured five-year review cycle. This initiative reaffirms AACSB’s position as the global authority on business education quality and impact.

The AACSB Board of Directors has charged Chief Accreditation Officer Stephanie Bryant with implementing the new framework and initiating a review and revision of the current standards. A global task force comprising key stakeholders from across the business education ecosystem will oversee the revision process to ensure alignment with the evolving needs of business schools, industry, and society.

Anticipated to launch on July 1, 2026, the revised standards will be released as The Global Standards for Business Education™. This initiative reinforces AACSB’s mission to advance the quality and impact of business education, providing more than 17,000 business schools worldwide with a structured framework for continuous improvement and global impact.

“For over a century, AACSB has been the de facto global standard-setting body for business education, guiding institutions toward quality, excellence, and impact,” said Lily Bi, President and CEO of AACSB. “As the business education landscape continues to evolve, AACSB is committed to ensuring that business schools remain agile, innovative, and aligned with industry and societal needs.”

The standards revision process will include an exposure draft and a public comment period, allowing for broad engagement from AACSB’s global community. The final version of The Global Standards for Business Education is expected to be voted on at the Annual Business Meeting in April 2026, with official implementation on July 1, 2026.

“The updated standards will provide all business schools with a clear, future-ready framework to drive excellence and innovation,” said Sherif Kamel, Chair of AACSB’s Board of Directors and Dean of Onsi Sawiris School of Business, The American University in Cairo.

About AACSB International 

Established in 1916, AACSB International (AACSB) is the world’s largest business education association, representing 1,900 institutional members and 1,000 accredited schools, connecting business schools, businesses, and lifelong learners to create the next generation of great leaders. With members in over 100 countries and territories, AACSB elevates the quality and impact of business schools globally. Learn how AACSB and business schools from around the world are leading boldly in business education at aacsb.edu. 

Media Contact:
Andrew Thriffiley
PR Manager, AACSB International
andrew.thriffiley@aacsb.edu
+1 813-769-6500

SOURCE : AACSB International

Monday, 3 February 2025

ZENAS BIOPHARMA TO PRESENT AT GUGGENHEIM SMID CAP BIOTECH CONFERENCE ON FEB 5

KUALA LUMPUR, Feb 3 (Bernama) -- Zenas BioPharma Inc, a clinical-stage global biopharmaceutical company, has announced its management team will present in a fireside chat at the Guggenheim SMID Cap Biotech Conference on Feb 5.

According to a statement, the presentation will be available via a live webcast, and an archived replay can be accessed under the "Events and Presentations" section of the Investor & Media Relations page on the Zenas BioPharma website.

Zenas is committed to becoming a leader in the development and commercialisation of transformative immunology-based therapies, aiming to improve the lives of those facing autoimmune and rare diseases.

-- BERNAMA

KIOXIA AISAQ TECHNOLOGY TO ENHANCE AI RETRIEVAL PERFORMANCE WITHOUT DRAM DEPENDENCY



KUALA LUMPUR, Feb 3 (Bernama) -- Kioxia Corporation, a world leader in memory solutions, has announced the open-source release of its new All-in-Storage ANNS with Product Quantization (AiSAQ) technology.

A novel "approximate nearest neighbour" search (ANNS) algorithm optimised for solid-state drives (SSDs), KIOXIA AiSAQ software delivers scalable performance for retrieval-augmented generation (RAG) without placing index data in DRAM and instead searching directly on SSDs.

Generative artificial intelligence (AI) systems demand significant compute, memory, and storage resources. While they have the potential to drive transformative breakthroughs across various industries, their deployment often comes with high costs.

Meanwhile, RAG is a critical phase of AI that refines large language models (LLMs) with data specific to the company or application.

A central component of RAG is a vector database that accumulates and converts specific data into feature vectors in the database. It also utilises an ANNS algorithm, which identifies vectors that improve the model based on similarity between the accumulated and target vectors.

KIOXIA AiSAQ technology provides a scalable and efficient ANNS solution for billion-scale datasets with negligible memory usage and fast index switching capabilities with key benefits, including allowing large-scale databases to operate without relying on limited DRAM resources, enhancing the performance of RAG systems.

In addition, the technology eliminates the need to load index data into DRAM, enabling the vector database to launch instantly, while also optimising for cloud systems by storing indexes in disaggregated storage for sharing across multiple servers.

Kioxia is demonstrating its commitment to advancing AI by contributing its innovative KIOXIA AiSAQ technology to the community as open-source software.

-- BERNAMA

CARBONAI, GREENPLINTH AFRICA JOIN FORCES FOR MAJOR CLEAN COOKSTOVE PROGRAMME IN NIGERIA



KUALA LUMPUR, Feb 3 (Bernama) -- CarbonAi Inc and Greenplinth Africa Limited have entered into an agreement under which CarbonAi will provide its software tools to support the digital measurement, reporting and verification (DMRV) of greenhouse gas (GHG) reductions from a large-scale clean cookstove programme to be developed by Greenplinth Africa in Nigeria.

The programme will distribute millions of clean cookstoves to households across Nigeria and Africa over the next five years, drastically reducing deforestation, GHG emissions, respiratory illness, gender inequality, and other issues associated with traditional open-fire cooking, according to a statement.

“Scaling clean cooking is absolutely critical in any GHG mitigation pathway but it will only happen if project investors and carbon credit buyers have confidence in the integrity of underlying reductions.

“We look forward to helping Greenplinth Africa generate the highest quality emission reductions possible, thereby ensuring that the programme will reach its full potential,” said CarbonAi’s Chief Carbon Officer, Yvan Champagne.

Meanwhile, Greenplinth Africa President and Chief Executive Officer, Dr Olawale Akinwumi said the provision of free clean cookstoves is set to transform the lives of millions of Nigerians, particularly women and children, who are disproportionately affected by the harmful effects of traditional cooking practices.

Clean cookstoves are a critical project type for achieving sustainable development benefits in economically disadvantaged regions and are often financed through the sale of carbon credits resulting from the displacement of open-fire cooking by highly efficient, cleaner-burning stoves.

Carbon-financed cookstove projects have been subject to intense scrutiny related to the accuracy and reliability of conventional quantification methods, putting the continued financing of such projects and the many benefits they generate at grave risk.

CarbonAi has developed Spark, a patent-pending suite of tools for the end-to-end quantification, verification, issuance and management of high-integrity GHG reduction outcomes from cookstove projects, including a proprietary stove use meter to monitor and precisely measure cookstove usage.

Spark was developed to bridge the gap between existing carbon market infrastructure and the emerging digital carbon market ecosystem to provide irrefutable proof of claimed GHG reductions, helping project developers to deliver high-integrity, high-value carbon credits.

-- BERNAMA