Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Instagram Outage Disrupts Thousands of U.S. Users 
TORONTO, March 14, 2017 -- Loraxian is pleased to announce the completion of a series of Memorandums of Understanding between the Company and SAS Sunrise to develop significant renewable energy projects in Southeast Asia, with an initial focus on the Philippines.
It is anticipated that over the 20-year life of this agreement, a minimum of two gigawatts of new clean renewable power will be produced, providing both environmental and economic benefits.
“I am absolutely thrilled to move forward in partnership with SAS Sunrise,” said Roland Kielbasiewicz, Founder and CEO of Loraxian. “As a proven global leader in the renewable industry, coupled with a track record of success in the region, they are the perfect long-term partner for us.”
While the joint venture agreement is designed to support positive growth in South-East Asia, Loraxian intends to maintain and expand its Ontario-based work force rather than relocate its corporate headquarters overseas.
“Over the last decade, Ontario has supported the creation of an incredible knowledge base of skilled engineers with deep experience in the renewable industry,” said Albert Ferrer, COO of Loraxian. “We at Loraxian want to harness that passion and skill rather than relocate – that’s why we have decided to significantly expand our Canadian operations to support our growth in international markets.”
Over the next twelve months, Loraxian intends to hire more than 50 new senior level specialized employees, based in Oakville, who will virtually manage significant elements of the new projects as they come online. It is further anticipated that these employees will be supported by over 150 local workers in Loraxian’s new Manila regional office, as well as other target markets.
“This partnership agreement clearly demonstrates the international reputation that Ontario has earned in the renewable sector,” said the Hon. Glenn Thibeault, Ontario Minister of Energy. “I’m proud to say that Ontario has become a breeding ground for some of the best talent in the renewables sector. This agreement assists us in our goal of developing a 21st century low-carbon economy.”
About Loraxian:
Loraxian, an Ontario-based corporation, is a rising leader of energy and infrastructure solutions. Specializing in renewable energy production and energy conservation, the company can meet the needs of large and small scale projects utilizing its propriety project management system which consistently delivers on time and below budget for our partners.
Media inquiries, please contact: Cary Kokkonen Chief Marketing Officer, Loraxian Inc. 2630 Bristol Circle, Suite 600 Oakville, Ontario L6H 6Z7 1-800-594-1365 ext.1246 [email protected]
