Tineco Secures Major Awards at IFA 2024 Showcasing Excellence in Smart Home Technology

SEATTLE, Sept. 10, 2024 /PRNewswire/ -- Tineco, a global leader in smart home appliances, is proud to announce that it has been honored with multiple prestigious awards at IFA 2024. The recognition underscores Tineco's leadership across the floor washer, carpet cleaner, and vacuum cleaner categories, further solidifying its position at the forefront of smart home innovation.

These awards highlight Tineco's dedication to pushing the boundaries of technology and enhancing consumers' lives through cutting-edge home care solutions. The company's flagship products — FLOOR ONE Stretch S6, CARPET ONE Cruiser, and PURE ONE Station 5 — each represent a category-leading innovation that has been lauded by industry experts.

FLOOR ONE Stretch S6: Global Recognition in Floor Washing
Leading the floor washer category, the FLOOR ONE Stretch S6 secured three prestigious awards: the Floor Cleaning Solutions Gold Award of Global Product Technology Innovation Award 2024 from IFA with IDG, and the Best of IFA 2024 from SlashGear. Featuring an 180° lay-flat design, the Stretch S6 excels at cleaning under furniture and tight spaces with just 5.1 inches of clearance. Its revolutionary FlashDry technology ensures floors are dry instantly after cleaning, enhancing safety and convenience. The iLOOP Smart Sensor automatically adjusts suction power and water flow based on the detected dirt level, ensuring a thorough and efficient cleaning process.

Carpet One Cruiser: Innovation in Carpet Care
The Carpet One Cruiser, Tineco's latest carpet cleaner, has been recognized with the 2024 IFA Innovation Award from SlashGear and the Best of IFA 2024 from HouseDigest. Launched on September 4, 2024, this model introduces 3-Level SmoothPower Tech, which allows effortless movement in any direction. The 167℉ High-temp PowerDry feature accelerates drying, preventing the risk of mold and mildew, while the FlashDry Self-Cleaning System enhances product longevity through a quick, efficient cleaning and drying process.

PURE ONE Station 5: A New Standard for Vacuum Cleaning
In the vacuum cleaner category, the PURE ONE Station 5 has earned the Best of ShowStoppers IFA 2024 and Best Choice from One Cut Reviews. Launching on September 17, 2024, this vacuum cleaner combines powerful 175W suction with a 70-minute runtime, making it suitable for large homes. With a hands-free Self-Cleaning System and 3-in-1 Cleaning Station, the PURE ONE Station 5 offers a seamless user experience. Its PureCyclone Technology and 6-Stage Filtration System ensure maximum air purification, while the iLOOP Smart Sensor adapts suction in real-time based on dust detection.

Quote from Romeo Luo, General Manager, Tineco International Business Unit:
"Receiving these prestigious awards at IFA 2024 is a testament to Tineco's unwavering commitment to innovation and excellence in smart home technology. Our flagship products are designed to enhance the daily lives of our consumers by offering smarter, more efficient solutions. We are incredibly proud to be recognized across multiple categories, and this recognition motivates us to continue pushing the boundaries of what is possible in home care," said Romeo Luo, General Manager of Tineco International Business Unit.

Strengthening Brand Awareness & Industry Leadership
These accolades reaffirm Tineco's ability to deliver innovative home care solutions that resonate with consumers and industry experts alike. With recognition across the floor washer, carpet cleaner, and vacuum cleaner categories, Tineco's commitment to excellence continues to push the boundaries of what is possible in smart home technology. As a trusted leader in the industry, Tineco remains dedicated to shaping the future of home care.

About Tineco
Tineco was founded in 1998 with its first SKU as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has innovated into a global leader offering intelligent appliances across home categories, including floor care, kitchen, and personal care. Tineco is dedicated to its brand vision of making life easier through smart technologies and consistently innovating new devices.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Tineco Secures Major Awards at IFA 2024 Showcasing Excellence in Smart Home Technology

Sceye Valued at $525 Million and Poised for 2025 Commercial Launch 

PARIS, Sept. 17, 2024 /PRNewswire/ -- At World Space Business Week (WSBW) today, Sceye, a leading U.S. aerospace company specializing in High-Altitude Platform Systems (HAPS), announced the successful closing of its Series C funding round. The round was led by Mawarid Holding Company ("Mawarid"), a prominent Saudi corporation with an established presence in information and communication technology, satellite, and digital solutions. 

Sceye strengthened its balance sheet by closing the Series C funding round, which values the Company at a pre-money valuation of $525 million. This provides sufficient liquidity to fund R&D activities, flight programs and launch the initial commercial operations in 2025.

This strategic alliance continues Sceye's successful partnership strategy, following América Móvil's involvement as the largest investor in their Series B round with a focus on Latin America.

"The Series C round is a critical milestone for Sceye. These funds will accelerate our platform development and commercial roadmap, paving the way for the commercialization of our HAPS technology in 2025. Our partnership with Mawarid opens new territories and market opportunities for our innovative solutions," said Mikkel Vestergaard Frandsen, CEO and Founder of Sceye. 

Ghassan Itani, Assistant Chairman of Mawarid, added, "This partnership reinforces Mawarid's commitment to pioneering technology advancements and delivering digital solutions that serve critical industry sectors. By incorporating HAPS technology, we enhance our position as a comprehensive provider of strategic industry solutions."

This Series C investment announcement follows the success of Sceye's 2024 flight program, where the company achieved a significant milestone by demonstrating perpetual flight capabilities while staying over an area of operation. The test flight proved that Sceye's HAPS can operate continuously, with solar energy powering the system during daylight hours and battery storage ensuring overnight flight.

This achievement signifies the advent of a new infrastructure layer between terrestrial and space systems. It highlights the transformative potential of HAPS technology in expanding connectivity access, managing disaster response, monitoring environmental changes, and detecting climate-related disasters in real time. 

About Sceye
Founded in 2014, Sceye is an aerospace company dedicated to advancing stratospheric technology to connect people and protect the planet. Sceye leads the High-Altitude Platform Systems (HAPS) industry, focusing on universal connectivity, climate monitoring, natural resource management, and disaster prevention. 

About Mawarid:
Established in 1968, Mawarid Holding Company (MHC) is a leading Saudi corporation with a diverse portfolio spanning, but not limited to,  ICT, satellite, and digital solutions. MHC has been a player in the global communications landscape, including its role as a founder and shareholder in Iridium Communications Inc. (Nasdaq: IRDM) since the early 1990s and its operations in various ICT and media sectors across the Middle East (e.g., Salam, TLS, ATSS, "Noorsat: Geo-operator").

Media Contact:
Jasmine Wallsmith
jw@sceye.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Sceye Secures Funds in Series C Round Led by Mawarid Holding Company