Far Eastern New Century Empowering Possibilities & Sustainability by its Latest Recycling Technologies at TITAS

TAIPEI, Oct. 31, 2024 /PRNewswire/ -- Far Eastern New Century Corporation (FENC), a global leader in advancing sustainability and innovation in green materials, showcased its latest recycling technologies and product solutions under the theme "Empowering Possibilities & Sustainability" at the Taipei Innovative Textile Application Show (TITAS), held from October 15 to 17, 2024. This year's TITAS featured a total of 385 suppliers from 11 countries in attendance, drawing approximately 31,500 buyers to the event.

FENC's groundbreaking products, the FENC®ThermalSync ZoneTech and the FENC®TOPGREEN®Bio3, were recognized as winners of the prestigious iF DESIGN AWARD 2024. Chosen from among 10,807 submissions across 72 countries, these products have emerged as standout innovations, making FENC the sole iF award-winning supplier of environmentally friendly functional knitwear. FENC® TOPGREEN®Bio3 PET represents a revolutionary approach to sustainability. This innovative material combines carbon capture technology with biotechnology, transforming industrial waste gases into low-carbon polyester. In 2024, the Bio3 PET was selected as the material for the Chinese Taipei team's uniforms at the Paris Olympics opening ceremony.

FENC's innovative TOPGREEN®rTEX recycling process, launching its production in 2024, offers an effective solution for processing waste fabrics and meets increasing customer demand. By utilizing FENC cutting-edge e-Sorting technology and in-house recycling processes, this system substantially reduces greenhouse gas emissions during production and efficiently converts textile waste into high-quality filament. At this critical juncture for the global industry, FENC is poised to lead the transformation toward a circular economy in the textile sector.

For the Paris Olympics, FENC's high-performance 100% recycled fabrics were selected for a variety of national team jerseys. These include basketball training jerseys and vests for nine national teams, polo shirts for 14 football teams, runner uniforms for the British team, handball player uniforms for the French team, and boxer shorts for the Cuban team, which were all sponsored by international sports giants like Nike, Adidas, Decathlon, and PUMA.

FENC's commitment to sustainability doesn't stop at the Olympics. Its green innovations have also made waves in other major sports events this year including the 2024 Australian Open, the UEFA Euro 2024 Spanish team, the UEFA Champions League-winning Real Madrid, the America's Cup-winning Argentine team, and the 2024 FA Cup Winners Manchester United.

To promote circular economy in the footwear industry, FENC has replaced complex components like PU and EVA with polyester materials for all parts of the shoes. This includes polyester elastic fibers, leather, and hot melt adhesives made from recycled PET bottles, offering high durability and recyclability, contributing to the goal of fully recyclable shoes in the future.

About Far Eastern New Century (FENC)

FENC was established in 1949. It is an international company, based in Taiwan, operating in USA, Japan, Mainland China, Vietnam, Malaysia, Philippines and many other countries/regions. FENC is the only polyester supplier in the world vertically integrated to offer a product spectrum spanning from raw materials to consumer products. To learn more about FENC please visit http://www.fenc.com

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

Far Eastern New Century Empowering Possibilities & Sustainability by its Latest Recycling Technologies at TITAS

SINGAPORE, Dec. 27, 2024 /PRNewswire/ -- Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.

The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.

Nodepay's network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).

Darren Nguyen, co-founder of Nodepay commented: "Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build."

Nodepay's infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.

Eric Le, investment director of IDG Capital, said, "The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We're proud to support their vision of making AI more accessible and beneficial to all."

With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.

Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.

About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.

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

Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure