Latest news with #RFI
The Star
2 hours ago
- Business
- The Star
Brunei to leverage digital technology in transportation
SUWON: Brunei is keen to leverage digital technology in the transport sector. The Ministry of Transport and Infocommunications (MTIC), through the Land Transport Department (JPD), will soon be issuing a request for information (RFI) on the provision of a smart transport system. This project, under the 12th National Development Plan, aspires to revamp public transport in the Sultanate, said Minister of Transport and Infocommunications Datuk Seri Setia Shamhary Datuk Paduka Mustapha. The RFI is expected to work hand-in-hand with the recent JPD request for proposal (RFP) for the provision, operation, management and maintenance of public transport services in Brunei. The latter project is currently in the award evaluation stage. The minister was speaking at the signing and renewal of a memorandum of understanding (MoU) on cooperation in the field of smart city development during the 2025 Suwon Asia-Pacific Intelligent Transport Systems (ITS) Forum in Suwon, South Korea. The MoU is a step towards advancing collaboration in digital transformation between the government of Sultan Hassanal Bolkiah and the government of South Korea. The signing underscores the strengthening bilateral ties between the Sultanate and South Korea, as well as the mutual aspiration to foster inclusive, technology-driven urban development across the region. The renewed MoU reaffirms both nations' commitment to strengthening cooperation in smart city development, particularly through the sharing of knowledge, technologies and expertise. It supports the implementation of impactful initiatives that will enhance the quality of life for citizens and foster sustainable economic growth. The collaboration is aligned with the strategic framework of the ASsean-Republic of Korea Comprehensive Strategic Partnership and reflects the national development priorities of both countries. Shamhary signed the MoU on behalf of His Majesty's government and the South Korean Minister of Land, Infrastructure and Transport Park Sangwoo signed on behalf of the South Korean government. Accompanying Shamhary at the signing ceremony were Ambassador of Brunei to South Korea Nooriyah Yussof, Permanent Secretary at the MTIC Mohammad Nazri Mohammad Yusof as well as senior officers from the ministry and the Embassy of Brunei Darussalam in South Korea. The minister also attended the opening ceremony of the 2025 Suwon Asia-Pacific ITS Forum and participated in the high-level roundtable, which convened ministers, vice-ministers and senior official representatives from around 20 countries to share their national ITS developments and engage in strategic dialogue. - Borneo Bulletin/ANN
Miami Herald
3 days ago
- Business
- Miami Herald
Terra Innovatum Submits Advanced Nuclear Proposal to NYSERDA to Help the State of New York Meet 2040 Zero-Carbon Goal
Terra Innovatum's SOLO™ Micro-Modular Reactor Offers Safe, Affordable, and Reliable 24/7 Power Without Refueling for 15 Years Using Off-the-Shelf Readily Available Commercial Components and Licensed LEU Fuel NEW YORK, NY and AUSTIN, TX / ACCESS Newswire / May 29, 2025 / Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. ("GSRT") (Nasdaq:GSRT), a publicly traded special purpose acquisition company ("SPAC"), today announced the submission of its response to the New York State Energy Research and Development Authority's ("NYSERDA") Advanced Nuclear Request for Information ("RFI"). The submission outlines plans for selecting a potential test reactor site for the Company's first-of-a-kind micro-modular reactor, SOLO™, intent to establish a designated production unit, and further commercial deployment opportunities to support the state's zero-emissions electricity target by 2040. Unlike conventional reactors, the compact footprint, modular design, and ability to operate for 15 years without refueling make SOLO™ well-suited for integration into local energy systems. In Picture: Rendering of 3 SOLOTM units covering an area of approximately 3,600sqft in a public plaza (totaling 3MWe - 12MWt with Co-Generation). "We believe SOLO™ represents a pivotal advancement in clean energy infrastructure," said Alessandro Petruzzi - Co-founder & CEO of Terra Innovatum. "As electricity demand accelerates, driven by AI, data centers, and industrial manufacturing, solutions like SOLO™ will be critical to delivering reliable, zero-carbon power without placing additional strain on the grid. We are excited to showcase the promise of our technology in addressing the urgent energy needs for New York State and look forward to the opportunity to engage with NYSERDA on a potential test reactor site and deployment framework. Importantly, our response to NYSERDA marks the first of many steps toward deploying scalable, plug-and-play energy solutions across the U.S. and beyond. With its low-cost design, 24/7 output, and 15-year fuel cycle, SOLO™ is uniquely positioned to meet the needs of communities, government entities, and businesses seeking energy certainty in an increasingly electrified world." In Picture: Rendering of 500 SOLOTM units covering a total of 500 MWe - 2,000 MWt (Co-Generation) energy deployment. Giordano Morichi - Partner, Chief Business Development Officer & Investor Relations at Terra Innovatum continued: "We see SOLO™ as a transformative and strategic opportunity for New York State to become a national leader in deploying advanced nuclear technologies that enhance energy security, grid resilience, and climate justice. Designed for real-world application, SOLO™ leverages a proven supply chain built entirely on licensed components that have been widely used in the nuclear industry for over 60 years. This approach eliminates the timing and cost risks associated with unlicensed fuels or research-phase technologies with no commercial availability. SOLO™'s inherently safe architecture, scalable deployment model, and cost certainty uniquely positions it to power the State's industrial hubs, manufacturing sites, ports, transit systems, and data centers, while also revitalizing underserved urban and rural communities. It enables local energy independence, supports sustainable construction, and strengthens resilient infrastructure. In doing so, SOLO™ offers the Empire State a carbon-free, economically competitive energy backbone to meet New York clean energy goals at scale." "Safety is our top priority," affirmed Cesare Frepoli - Co-Founder, COO & Director of Regulatory Affairs at Terra Innovatum. "The compact footprint of SOLO™-approximately 30 ft x 30 ft-combined with its modularity and embedded safeguards, allows for seamless integration in a wide range of environments without the need for expansive emergency planning zones. Its innovative reactor core design is gas cooled by helium, incorporates licensed, off-the-shelf components and utilizes non-proliferant low-enriched uranium (LEU) fuel, which significantly reduces regulatory risk and enhances safety. There is also no water involved in the system, eliminating the risk of hydrogen generation or explosion. Additionally, on top of the various redundancies, the reactor's inherently low thermal output ensures it operates well below fuel melting thresholds, further reinforcing its passive safety profile," Dr. Frepoli concluded. SOLO™ can be deployed across a wide range of environments-including dense urban centers, critical infrastructure corridors, and remote industrial zones-without compromising public security. Its use of non-proliferant, licensed nuclear fuel and embedded safeguards ensures a secure and compliant solution. SOLO™ can be a powerful asset in supporting New York State's clean energy leadership while simultaneously reinforcing grid resilience, advancing environmental and energy priorities, and driving long-term, sustainable economic growth. Guided by New York's Climate Leadership and Community Protection Act, which targets a zero-emissions electricity sector by 2040, NYSERDA's RFI seeks innovative nuclear solutions to support the state's energy transformation. Terra Innovatum's proposal outlines potential deployment scenarios for SOLO™, including site considerations, partners, timeline, and use cases. The Company remains open and eager to engage further with NYSERDA to help advance the role of advanced nuclear energy in New York's grid. Recent Highlights Terra Innovatum recently announced a proposed business combination with GSR III Acquisition Corp., positioning the Company to accelerate its mission of delivering zero-carbon, cost-efficient, and reliable power. SOLO™ is the first micro-modular reactor designed for operation on widely available Low-Enriched Uranium (LEU) and is built using commercial off-the-shelf components, enabling a simplified regulatory pathway and reduced construction timelines. Earlier this year, Terra Innovatum submitted its regulatory engagement plan to the U.S. Nuclear Regulatory Commission (NRC), a critical step toward its targeted first commercial deployment in 2028. ABOUT NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY (NYSERDA) NYSERDA offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. A public benefit corporation, NYSERDA has been advancing energy solutions and working to protect the environment since 1975. ABOUT TERRA INNOVATUM & SOLOTM Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind. It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies. SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment. To learn more, visit IMPORTANT INFORMATION FOR SHAREHOLDERS This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval. In connection with the business combination, a Dutch public limited liability company ("Pubco"), GSR III Acquisition Corp. ("GSRT") and Terra Innovatum s.r.l. ("Terra Innovatum" and, together with GSR III and Pubco, the "Registrant Parties") have filed with the SEC a registration statement on Form S-4 (the "Registration Statement"), which includes a preliminary prospectus of Pubco relating to the offer of securities to be issued in connection with the business combination, and a preliminary proxy statement of GSRT to be distributed to holders of GSRT's ordinary shares in connection with GSRT's solicitation of proxies for a vote by GSRT's shareholders with respect to the Business Combination and other matters described in the Registration Statement. The Registrant Parties also plan to file other documents with the SEC regarding the business combination. After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to the shareholders of GSRT. INVESTORS OF THE REGISTRANT PARTIES ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS CONTAINED THEREIN (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND ALL OTHER DOCUMENTS RELATING TO THE BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION. Investors will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about the Registrant Parties once such documents are filed with the SEC, through the website maintained by the SEC at In addition, the documents filed by GSRT may be obtained free of charge by written request to GSRT at 5900 Balcones Drive, Suite 100, Austin TX 78731. PARTICIPANTS IN THE SOLICITATION Each of the Registrant Parties, and their respective directors and executive officers, may be considered participants in the solicitation of proxies with respect to the potential transaction described in this communication under the rules of the SEC. Information about the directors and executive officers of GSRT is set forth in GSRT's filings with the SEC. Information regarding other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection with the potential transaction and a description of their direct and indirect interests will be set forth in the Registration Statement (and will be included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above. FORWARD LOOKING STATEMENTS The statements contained in this press release that are not purely historical are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on GSRT and the other Registrant Parties. There can be no assurance that future developments affecting GSRT and the other Registrant Parties will be those that we have anticipated. These forward-looking statements speak only as of the date this press release is delivered and involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against GSRT, any of the Registrant Parties, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of GSRT or the SEC's declaration of the effectiveness of the Registration Statement (which will include the proxy statement/prospectus contained therein) to be filed by the Registrant Parties or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability of Pubco to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of Terra Innovatum as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination, including the reorganization described in the business combination agreement; (9) changes in applicable laws or regulations; (10) the possibility that the Registrant Parties or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) the amount of redemption requests made by GSRT shareholders and (12) other risk factors described herein as well as the risk factors and uncertainties described in the Form S-4 and GSRT's other filings with the SEC, as well as any further risks and uncertainties to be contained in the proxy statement/prospectus filed after the date hereof. In addition, there may be additional risks that neither GSRT nor any of the other Registrant Parties presently know, or that GSRT or the other Registrant Parties currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation by any person that the forward- looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. None of GSRT, the other Registrant Parties, or any of their respective affiliates, officers, employees or agents, makes any representation or warranty, either express or implied, in relation to the fairness, reasonableness, adequacy, accuracy, completeness or reliability of the information, statements or opinions, whichever their source, contained in this press release or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. GSRT, the other Registrant Parties and their respective affiliates, officers, employees and agents further expressly disclaim any and all liability relating to or resulting from the use of this press release and any errors therein or omissions therefrom. Further, the information contained herein is preliminary, is provided for discussion purposes only, is only a summary of key information, is not complete and is subject to change without notice. In addition, the information contained in this press release is provided as of the date hereof and may change, and neither GSRT nor the other Registrant Parties undertakes any obligation to update or revise any forward- looking statements, whether as a result of new information, inaccuracies, future events or otherwise, except as may be required under applicable securities laws. CONTACTS Giordano MorichiPartner, Chief Business Development Officer & Investor RelationsTerra Innovatum SrlE: Nicholas Hresko-StaabInvestor & Media RelationsAlliance Advisors IRE: TerraIR@ SOURCE: TERRA INNOVATUM SRL
Canada Standard
3 days ago
- Sport
- Canada Standard
Swiatek annihilates Raducanu to reach third round at French Open
Defending champion Iga Swiatek powered her way past Emma Raducanu on Wednesday to advance to the third round of the French Open. The 23-year-old Pole, who is seeking a fifth title in six years at the Roland Garros Stadium, opened tentatively against the 2021US Openchampion. She saved a break point during her first service game but with some powerful hitting off both wings soon found her stride. From1-1, Swiatek reeled off five games on the trot to pocket the opening set 6-1 in 35 minutes. Raducanu won the first game of the second set to stop the roll but the 22-year-old Briton was soon on the backfoot. Swiatek claimed Raducanu's serve to lead 2-1 and held her own to extend the advantage to 3-1. And from 3-2, another sweep of three consecutive games allowed Swiatek to claim the set 6-2 and the match Surge "I felt good on court," said Swiatek who wrote off her chances of adding another French Open singles trophy to her collection after her third round elimination at the Italian Open earlier this month. "I felt I could do what I wanted to do and I was able to adjust to the wind. "I thought that I did that well." Elsewhere in the top half of the women's draw, last year's beaten finalist Jasmine Paolini advanced to the third round. The fourth seed beat Ajla Tomljanovic from Australia 6-3,6-3 in 81 minutes. Eighth seedQinwen Zhengalso advanced in straight sets. She dispatched Emiliana Arango 6-2, 6-3 to set up a meeting with the Canadian qualifier Victoria Mboko. The 18-year-old progressed to the third round of a Grand Slam tournament for the first time following a 6-4, 6-4 win over the German Eva Lys. "I was very focused throughout the whole match," said Mbokop."She really made me earn every single point. I'm so happy to have gotten past that and through to the third round." Zhengsaid she would not underestimate the teenager. "I think every time I see young player coming, they have a lot of hunger, for sure," said Zheng. "They fight a lot because it's their dream place. But same as me, it's my dream place too. "When you arrive on the professional tour, you don't think anymore about the age because everybody's the same. You just face another opponent." Originally published on RFI
India Today
3 days ago
- India Today
In new defence push, Army seeks indigenous systems to tackle rising drone threats
In a move to strengthen its air defence capabilities, the Army has invited proposals from indigenous companies for advanced counter-unmanned aerial systems (C-UAS), focusing on both ground-based and manpack systems. This comes in the wake of growing concerns over drone threats from China and Operation Sindoor, India successfully thwarted multiple aerial drone strikes by Pakistan. Pakistan sent hundreds of drones targeting India's military and civilian infrastructures and most of the drones were shot down by Indian air defence systems. Now, the Army is seeking new technology to counter drones guided by satellite navigation systems like GPS and China's BeiDou, which is also used by Request for Information (RFI) outlines the need for two specific systems — a Ground-Based C-UAS and a Manpack C-UAS — designed to detect, track, identify, and neutralise enemy drones along the Line of Control (LoC), International Border (IB), and Line of Actual Control (LAC).GROUND-BASED C-UAS The ground-based system must include a wideband RF detector, radar, and an electro-optical/infrared (EO/IR) camera. It should feature both soft kill capabilities (such as jamming and spoofing) and hard kill options (including medium machine guns and Negev light machine guns).The Army specifies detection ranges based on drone size:Micro drones: 3 kmMini drones: 5 kmSmall drones: 8 kmSoft kill jamming capabilities should work within a 2 km range. The system must be capable of jamming multiple satellite systems — GPS, GLONASS, BeiDou, Galileo, and IRNSS — and support techniques such as spoofing and fault C-UASadvertisementDesigned for single-operator use, the manpack system must be lightweight (under 9 kg) and able to function continuously for up to 5 hours. It should detect drone radio frequencies up to 5 km and identify threats in real time. A colour-coded display should distinguish enemy drones (red) from friendly ones (blue).If unable to neutralise the drone, the system should store the drone's frequency in a threat library capable of holding over 1,000 entries for future system will significantly boost India's anti-drone capabilities in varied terrains, including high altitudes, plains, and deserts, the RFI Army has underlined the need for operational flexibility, all-weather performance, high mobility, and rapid deployment, pointing to the increasing urgency of defending India's airspace from modern drone Watch
France 24
3 days ago
- Entertainment
- France 24
‘The Baku Connection': FRANCE 24 and RFI among winners of European Press Prize award
'The Baku Connection', a sprawling investigation of abuse and impunity in President Ilham Aliyev's Azerbaijan, picked up the Special Award at the annual European Press Press awards ceremony in Bari on Wednesday. Coordinated by Forbidden Stories, the investigation involved 40 journalists from 15 media outlets including FRANCE 24 and RFI. It pursued the work of reporters from Azerbaijan's Abzas Media, who have been in jail since November 2023. Journalists involved included Karina Chabour and Roméo Langlois for FRANCE 24's investigation bureau, Corentin Bainier and Ershad Alijani of the FRANCE 24 Observers, Sébastian Seibt from FRANCE 24's digital newsroom, and RFI's Daniel Vallot. Since its launch in 2017, Forbidden Stories has brought together more than 150 journalists from 60 media outlets, investigating drug cartels, cybersurveillance and environmental damage by the mining industry, among other subjects. Its mission is to continue the work of fellow journalists around the world who have been jailed, murdered or otherwise silenced, thereby ensuring their investigations are pursued and published. The European Press Prize has been awarded annually since 2021, in five different categories. Its aim is to promote high-quality European journalism and to support journalists who face obstacles, threats and attempts to silence them.
