PLUG DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Plug Power Inc. Investors With Losses in Excess of $100K to Secure Counsel Before Important June 12 Deadline in Securities Class Action – PLUG

NEW YORK, June 10, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc. (NASDAQ: PLUG) between August 9, 2022 and March 1, 2023, both dates inclusive (the “Class Period”) of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug’s business and operations. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, defendants’ statements about Plug Power’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8855730

Regent follows up on implementation of Aqaba strategic plan

His Royal Highness Crown Prince Al Hussein bin Abdullah II, the Regent, on Saturday chaired a follow-up meeting at the Aqaba Special Economic Zone Authority (ASEZA) to review progress in implementing the Aqaba strategic plan. According to a royal court statement, the Regent listened to a briefing by ASEZA Chief Commissioner Nayef Al Fayez on priorities in the implementation of initiatives, development projects, and tourism activities in the city. Fayez said ASEZA has prepared a plan to activate key focus sectors in Aqaba’s strategy on the medium and long terms, adding that the authority has completed goals in investment promotion and automating services to streamline procedures for visitors and investors. He added that the authority has activated employment and technical training programmes to build the capacities of targeted groups, noting also work on updating Aqaba’s masterplan. The chief commissioner said work is underway on the initial plans to build the Aqaba aquarium, and to continue the process of regulating diving centres and the city’s transportation system. Crown Prince Al Hussein listened to additional briefings from officials on the implementation of the strategic plan.

Source: Jordan News Agency

Canada offers Ukraine $400mln in aid package

Canada announced Saturday its commitment to provide military defence aid to Ukraine worth $400 million. According to the Ukrainian News Agency (Ukrainform), the office of the Canadian Prime Minister said that the defence aid package would include the transfer to Ukraine of 288 AIM-7 missiles for air defence systems. During a visit to troubled Ukraine, Prime Minister Justin Trudeau said Canada would extend the mandate of the military training mission (Univer) until 2026, within which more than 35,000 Ukrainian soldiers have been trained in the past eight years.

Source: Jordan News Agency

Investment Ministry: 10th Arab-China Business Conference is an unprecedented shift in Arab-Chinese economic relations

The 10th Arab-China Business Conference, which will be held under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, on June 11-12, is organized by the Ministry of Investment in partnership with the Union of Arab Chambers, the League of Arab States, and China Council for the Promotion of International Trade (CCPIT). Held under the slogan “Collaborating for Prosperity”, it represents the most significant event in the Arab-Chinese economic cooperation.

The conference aims to strengthen and document trade and economic cooperation between the Arab and Chinese business communities, and explore investment opportunities in various sectors, including technology, renewable energy, agriculture, real estate, minerals and supply chains. Several dialogue sessions and bilateral meetings will be held during the event, representing an unprecedented shift in Arab-Chinese economic relations, a way to boost them to meet the aspirations of both Arab countries and China.

The conference agenda consists of eight main dialogue sessions, 18 workshops, and private meetings between several important personalities participating in the event, all of which aim to introduce initiatives and opportunities that play an essential role in intensifying institutional cooperation between China and the Arab side and in strengthening economic relations.

Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah, Arab League Secretary-General Ahmed Aboul Gheit, Vice Chairman of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) Hu Chunhua, and Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih will take part in the opening session; several Saudi and other Arab ministers will participate in other dialogue sessions.

The first session will discuss “investment and financing along the Belt and Road Initiative” and will be attended by President of Oman Investment Authority Abdulsalam Al-Murshidi, Advisor at the Royal Court and Vice-Chairman of the Board of Directors of the National Development Fund Mohammed Al-Tuwaijri, Minister of International Cooperation of Egypt Rania Al-Mashat, Chairman of the Chinese Hang Lung Group Ronnie Chan, and Chairman of the Board of Directors of the Saudi ACWA Power Company Mohammad Abunayyan.

Al-Arabiya TV presenter Lara Habib will moderate the session.

Following the first session, a symposium will be held on the role of the giga projects in reimagining future cities. CEO of the Diriyah Gate Development Authority (DGDA) Gerard Inzerillo and NEOM CEO Eng. Nadhmi Al-Nasr will take part in the symposium, which will be moderated by Xinchen Xu from CGTN.

The second session will focus on innovative ways to produce clean and renewable energy and reduce carbon emissions; Saudi ACWA Power CEO Marco Arcelli and Jordanian Minister of Energy and Mineral Resources Saleh Al-Kharabsheh will take part in it. Chinese CITIC Capital’s Senior Managing Director Fanglu Wang, Senior Vice President of Saudi Aramco Yasser Mufti, Co-Founder and Vice Chairman of Alfanar group Sabah Almutlaq, and Vice Chairman of Chinese CGL Zhu Yufang will also participate in the session.

CEO of SandP Global (China) Ratings Gina Huang will moderate the session.

In the third session, participants will discuss the role of tourism and entertainment in diversifying the economy. The session will have two sections: political and economic.

Saudi Minister of Tourism Ahmed bin Aqeel Al-Khateeb, Secretary-General of the World Tourism Organization (UNWTO) Zurab Pololikashvili, and Minister of Trade and Tourism of Djibouti Mohamed Warsama Dirieh will participate in the political section.

Saudi Vice Minister of Tourism Princess Haifa Al Saud, CEO of Asia Pacific at Haichang Ocean Park Holdings Andrew Kam, CEO of the Royal Commission for AlUla (RCU) Amr AlMadani, and Chairman of Chinese Jin Jiang International Qi Zhao will participate in the economic section of the session.

A CGTN professional will moderate the sessions.

The fourth session of the first day will discuss food security and agriculture as key to development.

Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli, President of the Islamic Development Bank (IsDB) Dr. Mohammed Al Jasser, and Managing Director and Board Member of the National Aquaculture Group (NAQUA) Ahmad Al-Ballaa will take part in the session.

Also participating are American Gro Intelligence Founder and CEO Sara Menker, Almarai CEO Abdullah Al-Badr, and Managing Director of US Calysseo Pierre Casamatta.

Business Editor at South China Morning Post Eugene Tang will moderate the session.

The fifth session, titled “Industry, mining, and minerals – major sectors for a prosperous future”, will be organized on the second day.

Bahraini Minister of Industry and Commerce Abdulla bin Adel Fakhro, Jordanian Minister of Energy and Mineral Resources Saleh Kharabsheh, Deputy Minister of Industry and Mineral Resources Osama bin Abdulaziz Al-Zami, Vice-chairperson of Fangda Holding Co Ltd. Dr. Leo Yinam, CEO of Aluminium Bahrain (Alba) Ali Al-Baqali, CEO of TAQA Khaled Nouh, Chairman of Metallurgical Corporation of China Limited Zhang Mengxing, and Finance Controller at China Hongqiao Group Co. Ltd Ryan Gu will take part in the session, which will be moderated by Senior Director and Cross-practice Country Coordinator for the GCC Region, SandP Global Ratings Timucin Engin.

The sixth session will discuss “building resilience in logistics, supply chain and infrastructure”. Taking part in it will be Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser, CEO of Egypt’s GAFI Hossam Heiba, Chairperson of Agility Public Warehousing Company K.S.C.P Henadi Al-Saleh, Vice Chairman/Co-President at Xpeng Inc Brian Hongdi, CEO of China State Construction International Holdings Limited Wang Shaofeng, CEO of International Maritime Industries Abdullah Alahmari, and member of the Board Directors of China HNA Aviation Group Dr. Yinan Liu.

Vice President and Senior Fellow at the Center for China and Globalization Mike Liu will moderate the session.

The seventh session will discuss the ”healthcare and pharmaceutical industries.” Taking part in it will be Minister of Health Fahad bin Abdulrahman Al-Jalajel, Egypt’s Ministry of Health official Khaled Abdel Ghaffar, CEO at SPIMACO Khaled Alkhattaf, CEO of Hevolution Foundation Dr. Mehmood Khan, Chairwoman and CEO of ClinGroup, Lebanon, Dr. Nadia Cheaib, CEO of BGI China Dr. Yin Ye, and Founder, Chairman and CEO of HitGen Inc. Healthcare, China, Dr. Jin Li FRSC. The session will be moderated by MD of Healthcare Services and Devices at the Ministry of Investment Dr. Samar Nassar.

The eighth session will discuss the digital economy and artificial intelligence (AI) and their contributions to enhancing productivity and growth.

Minister of Communications and Information Technology Eng. Abdullah Alswaha, CEO of International Business SenseTime, China, George Huang, CEO of Legend Holdings, China, Li Peng, and Co-Founder, Chairman and CEO of Baidu, China, Yanhong (Robin) Li will be participating in the session, which will be moderated by Vice President and Regional Leader Energy Environment/Industrial Practice at Frost and Sullivan MEASA Abhay Bhargava.

The conference will conclude with a session on the financial sector and its role in enhancing Arab-China businesses. CEO of Mumtalakat, Bahrain, Sheikh Abdullah bin Khalifah, CEO, Bank of China International Holdings, China, Tong Li, Executive Vice President and Deputy Chief Investment Officer at CIC, China, Dr. Qi Bin, CEO of Riyadh Bank Tariq Al-Sadhan, and MD and Head of Investment Banking at CICC, China, Barry Chan will take part in the session, which will be moderated by Business Editor of the South China Morning Post Eugene Tang.

Several specialized workshops will be organized during the conference, on supply chains, research and innovation, mining, food industries, and other topics.

Taking part in them will be Deputy Minister of Environment, Water and Agriculture Mansour Al-Mushaiti, Secretary General of Qatar Research, Development and Innovation Council Omar Ali Al-Ansari, and Director General of Renewable Energy and Hydrogen at Oman’s Ministry of Energy and Minerals Abdulaziz Al Shidhani.

Keynote speeches and interviews with senior officials and VIPs, including Minister of Energy HRH Prince Abdulaziz bin Salman, who will speak on the first day of the gathering about the Saudi-Chinese cooperation and the global transformations in the energy sector, are planned.

Minister of Economy and Planning, Faisal bin Fadhil Alibrahim, will give a special interview to the South China Morning Post, and will discuss Saudi Arabia’s transformation endeavour.

Also interviewed will be President of the Federation of Arab Businessmen Hamdi Tabbaa.

More than 3,000 decision-makers, high-ranking government officials, investors, business owners and experts in Arab-Chinese relations will be participating in the Arab-China Business Conference to discuss the strategic relationships between the Arab world and China and ways to enhance cooperation and economic ventures.

— SPA

Source: Saudi Press Agency

First Flight of Beneficiaries of “Makkah Route” Initiative from Côte d’Ivoire Arrives in Madinah

Today, the first group of pilgrims from the Republic of Côte d’Ivoire, benefiting from the Makkah Route Initiative, arrived at the Prince Mohammed bin Abdulaziz International Airport in Madinah.

The Makkah Route Initiative, a part of the Pilgrim Experience Program under the Saudi Vision 2030, aims to streamline the procedures for pilgrims starting from their home countries. This includes the issuance of electronic visas, collection of biometrics, and completion of travel procedures at the departure airports, ensuring compliance with health requirements.

The initiative also includes the labelling and sorting of luggage based on transportation and accommodation arrangements within the Kingdom of Saudi Arabia.

Upon arrival, the pilgrims are promptly transported to their residences in Makkah and Madinah using buses, while logistics agencies take care of delivering their luggage to their designated accommodations.

— SPA

Source: Saudi Press Agency