Latest news with #CentreOfExcellence
National Post
2 days ago
- Business
- National Post
Cyclic Materials Announces USD $25M Investment to Establish Centre of Excellence for Rare Earth Recycling in Kingston, Ontario
Article content Pioneering 140,000 square-foot facility will anchor Cyclic Materials' recycling infrastructure, combining commercial-scale processing and R&D to advance a secure, circular supply chain for rare earths and other critical minerals Article content TORONTO — Cyclic Materials, the advanced recycling company building a circular supply chain for rare earth elements (REEs), today announced a USD $25 million investment to launch North America's first Centre of Excellence for rare earth recycling in Kingston, Ontario, which will result in 45 new skilled jobs in the region. Article content Spanning over 140,000 square feet, the first-of-its-kind facility will serve as Cyclic's industrial and innovation backbone, combining full-scale commercial processing and cutting-edge research and development (R&D) to address one of the world's most pressing supply chain challenges: the resilient sourcing of rare earth elements for use in permanent magnets. Article content A Strategic Facility Serving a Circular Future Article content The Kingston Centre of Excellence will house Cyclic Materials' first commercial 'Hub' processing unit, leveraging the company's proprietary REEPure SM technology. The facility is designed to convert 500 tonnes of magnet-rich feedstock annually into recycled Mixed Rare Earth Oxide (rMREO)—a product containing crucial components for permanent magnets used in EV motors, wind turbines, and consumer electronics such as Neodymium, Praseodymium, Terbium, and Dysprosium. Feedstock for this facility will be sourced from both Cyclic's Arizona-based 'Spoke', where end-of-life products will be processed, as well as a growing network of partners supplying magnet scrap from production. Article content With operations set to begin in Q1 2026, rMREO from this facility will supply key partners within the magnet value chain, like Solvay, with whom Cyclic Materials signed an offtake agreement in 2024, providing a secondary resource of critical rare earth elements. Article content The site will also house a state-of-the-art R&D center, including advanced labs and a mini-Spoke line, to accelerate process optimization and scale next-generation technologies across the rare earth value chain. Article content Breaking Global Dependency with Local Innovation Article content Today, less than 1% of rare earth elements are recycled, and global supply chains remain highly sensitive to growing geopolitical tensions and supply concentration. Cyclic Materials' proprietary MagCycle℠ and REEPure℠ technologies recover REEs from end-of-life products such as EVs, wind turbines, and data center hard drives—delivering a low-footprint, circular alternative to mining and a fast track to domestic supply security. Article content 'With this Centre of Excellence, we're advancing our core mission: to secure the most critical elements of the energy transition through circular innovation,' said Ahmad Ghahreman, CEO of Cyclic Materials. 'Kingston is where Cyclic began—and now it's where we're anchoring our commercial future.' Article content Kingston: The Cornerstone for the Next Generation of Cleantech Article content Kingston has played a foundational role in the company's success—home to its commercial demonstration facilities and a deep bench of collaborators in research, engineering, and cleantech. Article content The Centre of Excellence will build on robust partnerships with Queen's University, Kingston Process Metallurgy (KPM), RXN Hub, and Impact Chemistry, as well as support from national innovation programs including CMRDD (Critical Minerals Research, Development and Demonstration) from Natural Resources Canada, Sustainable Development Technology Canada (SDTC), and the National Research Council's Industrial Research Assistance Program (IRAP). Article content The facility is expected to create over 45 highly qualified new jobs, with more than 20 hires already onboard. Recruitment has already started with key roles for plant operators, process technicians, and innovation staff. Article content 'We are thrilled to see Cyclic Materials' significant investment to establish their Centre of Excellence and Hub in Kingston, Ontario. This announcement not only creates high-quality jobs in the community but is a reflection of the expertise, talent, and supportive ecosystem Kingston has to offer companies,' said Shelley Hirstwood, Director of Business Development at Kingston Economic Development Corporation. 'We are proud to support Cyclic Materials' efforts to create a circular supply chain addressing Canada's critical minerals and rare earth elements.' Article content Scaling a North American Rare Earth Recycling Network Article content This investment marks a pivotal step in Cyclic Materials' broader plan to scale its rare earth recycling infrastructure across North America and Europe. Article content With strategic alliances including Solvay, Glencore, Lime, and Sims Lifecycle Solutions, the company is building a resilient, sustainable, and circular ecosystem for rare earth magnets—supporting the electrification of industries and the secure supply of critical materials. Article content About Cyclic Materials Article content Cyclic Materials, founded in 2021, is a cleantech company building a circular supply chain for rare earth elements (REEs) and other critical materials essential to the clean energy transition. Its innovative technology transforms end-of-life products into valuable raw materials used in EVs, wind turbines, and electronics. In 2023, the company launched a commercial demo facility using its MagCycle℠ process to recover rare earth magnets. In 2024, it opened a second facility in Kingston, Ontario, producing Mixed Rare Earth Oxide via its REEPure℠ hydrometallurgical process. With demand for REE-based magnets surging, Cyclic Materials is scaling globally across North America, Europe, and Asia. Mesa, Arizona, is its first U.S. location. In recognition of its pioneering work, it was named the #8 Most Innovative company in North America by Fast Company in 2025. 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Yahoo
27-05-2025
- Business
- Yahoo
Ascentium Expands Network of Local Expertise Across Asia, Launching Centre of Excellence in Malaysia
SINGAPORE, May 27, 2025 /PRNewswire/ -- Ascentium, a leading global business services platform headquartered in Singapore, has announced the launch of Ascentium Max, a new Centre of Excellence (CoE) in Kuala Lumpur. This state-of-the-art shared service centre is designed to optimise key internal operations and support the company's growth across Asia, as well as plans to expand into additional emerging markets. Lennard Yong, Founding Management and Group CEO of Ascentium, shared his thoughts on the launch: "Strategically located in Kuala Lumpur, the establishment of Ascentium Max is a significant step forward in our commitment to operational excellence and regional growth. This Centre of Excellence will serve as a cornerstone for our expansion plans into new markets and play a pivotal role in Ascentium's Asia Pacific operations, ensuring seamless transition while offering scalable support for future business needs." Centralised Expertise Driving Operational Excellence Across AsiaOperating as a non-client-facing shared service hub, Ascentium Max consolidates key processes to enhance operational effectiveness, serving as a hub for specialised expertise and best practices. It supports various branches and entities of the Group by enabling our businesses across the Asia Pacific region to focus on strategic priorities while ensuring essential backend operations are seamlessly managed. Comprehensive Service Portfolio Ascentium Max is staffed by a team of highly skilled professionals with expertise across several critical business functions, including: Company Secretarial Services – Ensuring compliance and governance management. Know Your Customer (KYC) – Standardising client verification and due diligence. Accounting and Tax Services – Providing accurate financial and tax reporting and oversight. Payroll Processing – Streamlining workforce management. By centralising these key functions, Ascentium Max delivers substantial benefits, including: Enhanced Efficiency – Streamlining workflows for faster turnarounds with the latest technology and tools. Improved Accuracy – Reducing errors and strengthening data integrity. Cost Optimisation – Achieving economies of scale and reducing redundancies. Consistent Quality – Maintaining uniform adherence to best practices. Scalability – Preparing for future business expansion. About Ascentium Ascentium is a leading global business services platform dedicated to helping businesses scale greater heights. Headquartered in Singapore, we empower extraordinary growth through specialised expertise and comprehensive one-stop solutions in corporate services, finance and accounting, HR services, and fiduciary and trust services. Our team of 2,300+ professionals spans 44 cities across 22 markets in Asia-Pacific, the Middle East, the Americas, and Europe, serving 50,000+ client entities across diverse industries. Through innovative, technology-enabled solutions and a collaborative approach, Ascentium drives transformative growth, helping clients navigate complex global environments. For more information, please visit View original content to download multimedia: SOURCE Ascentium Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
19-05-2025
- Business
- Zawya
EDGE launches ‘Group AI Accelerator' to drive excellence in AI-enhanced solutions
Abu Dhabi, UAE – EDGE, one of the world's leading advanced technology and defence groups, has officially launched Group AI Accelerator, a new Centre of Excellence (COE) that will expedite the development and integration of innovative AI-based projects within EDGE Group's facilities and advanced portfolio of highly disruptive solutions. Building on existing research and Industry 4.0 technologies, Group AI Accelerator will also act as an incubator for UAE talent, highlighting EDGE Group's dedication to positioning the UAE as a leading hub in high-technology domains. Dr. Chaouki Kasmi, President of Technology & Innovation, EDGE Group, said: 'The Group AI Accelerator marks our latest step towards operating with increased speed and efficiency, and will enable the prompt adoption of AI technologies within our core engineering capabilities and business services. The new Centre of Excellence, which consolidates the UAE's expertise and resources in AI, provides a positive disruption to our programmes, and will accelerate our innovation processes. It is critical that we are ready to leverage AI, and as a contributor to the UAE's growing knowledge-based economy, we look forward to harnessing emerging technologies.' Overseen by EDGE Group's Technology & Innovation Cluster, the new COE will be managed by a Steering Committee comprised of members of local and international subject matter experts. The committee will oversee an engineering working group tasked with executing skunkworks projects, and conducting research and development activities in the areas of machine learning and AI-enabled engineering. The committee will also oversee a business excellence working group to accelerate digital transformation projects and facilitate advanced learning opportunities at scale. The Group AI Accelerator COE is the latest development in EDGE's dedication to leveraging the cutting-edge capabilities and infrastructure of the UAE's advanced technology and innovation ecosystem. Aimed at maximising partnership opportunities, EDGE is working at a national level to pioneer operational optimisation and drive efficiency gains that surpass industry standards. About EDGE Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security. For more information, visit For media enquiries, please contact: EDGE Group Press Office media@
