News / ニュース

Sep 5, 2023
noco-noco and 3DOM Alliance Group announce batteries equipped with X-SEPA™ exceed 2,000 cycles at 60℃ in ongoing testing

SINGAPORE/TOKYO, September 5, 2023 – Decarbonization solutions provider noco-noco Inc. (Nasdaq: NCNC, “noco-noco”) and the 3DOM Alliance Group today announced that lithium-ion batteries equipped with the proprietary X-SEPA™ separator and a high temperature-resistant electrolyte have exceeded 2,000 cycles under 60°C conditions in ongoing charge-discharge cycle life testing.

The X-SEPA™ is a revolutionary separator technology developed by the 3DOM Alliance Group that contributes to enhanced battery lifespan and performance. noco-noco holds an exclusive license and is working to commercialize the technology, including in Southeast Asia where countries are increasingly experiencing unprecedented heat.

Temperatures as high as 60°C significantly shorten the lifespans of conventional lithium-ion batteries. To address this issue, the 3DOM Alliance Group utilizes the X-SEPA™ in combination with a high temperature-resistant electrolyte, which has a high boiling point, to effectively suppress electrolyte degradation.

Previously, the integration of this electrolyte into conventional lithium-ion batteries posed a challenge primarily due to its high viscosity, which rendered it incompatible with general-purpose polypropylene separators. However, it can be used in combination with the X-SEPA™ separator due to the X-SEPA™’s highly porous structure and strong wettability of its polyimide material with organic electrolyte.

Figure 1. Comparison of charge-discharge cycle life at 60°C (Source: 3DOM Alliance Group)

 

Interim results of ongoing charge-discharge cycle life testing at 60°C show that batteries equipped with the X-SEPA™ and high temperature-resistant electrolyte demonstrate significantly higher capacity retention than batteries using a general-purpose electrolyte and separator after 2,000 cycles. The lifespan is extended by approximately five times when the battery end-of-life is set at 80% capacity retention, which is common for electric vehicle applications.

In-house testing has further confirmed that the higher boiling point of the high temperature-resistant electrolyte drastically reduces swelling in laminate battery cells when heated on a hot plate over 150°C. This addresses a critical issue that arises when battery-powered devices are exposed to high-temperature environments.

 

The latest results demonstrate significant progress since approximately 900 cycles at the time of the previous interim results announced by 3DOM Alliance Inc. and noco-noco in April 2023.

Technical experts from the 3DOM Alliance Group will present details of this research at the 2023 Fall Meeting of the Electrochemical Society of Japan to be held at Kyushu University on September 11 and 12, 2023.

Masataka Matsumura, CEO of noco-noco, commented, “We are excited about these breakthroughs and look forward to verifying the full potential of the technology as testing progresses. We believe it will be a step change in accelerating sustainable electrification, especially in regions with an unmet need for batteries that can deliver higher performance and longer life even in extremely hot weather.”

 

About noco-noco

noco-noco is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. With X-SEPA™, a battery separator technology designed for long-lasting and high heat-resistant performance, and noco-noco’s carbon-neutral leasing platform, noco-noco expects to address the need for clean, affordable, and sustainable energy solutions. noco-noco Inc. made its Nasdaq debut in August 2023. For more information on noco-noco, visit www.noco-noco.com

 

About 3DOM Alliance Group

Led by Tokyo-based 3DOM Alliance Inc., the 3DOM Alliance Group strives to solve environmental problems through the research and development of cutting-edge technologies and business models that promote decarbonization and ecological conservation.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and on information currently available to noco-noco. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, the markets in which noco-noco operates as well as any information concerning possible or assumed future results of operations of noco-noco, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although noco-noco believes that it has a reasonable basis for each forward-looking statement contained in this communication, noco-noco caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. noco-noco cannot assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the impact of the global COVID-19 pandemic, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties. There may be additional risks that noco-noco presently does not know or that noco-noco currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by noco-noco and its respective directors, officers or employees or any other person that noco-noco will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of noco-noco as of the date of this communication. Subsequent events and developments may cause those views to change. However, while noco-noco may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of noco-noco as of any date subsequent to the date of this communication.

 

Contact:

Nandini Prashad

Head of Strategic Communications and PR, noco-noco

contactus@noco-noco.com

 

Sep 1, 2023
noco-noco Unveils Innovative Electrification Solutions at Battery Japan [September] 2023

Singapore, September 1, 2023 — noco-noco, a decarbonization solutions provider, welcomes attendees to explore its pioneering solutions at Booth E6-24.

Taking place from September 13 to 15, 2023 in the greater Tokyo area, this event marks noco-noco’s first public showcase following its Nasdaq listing on August 28, 2023.

Driven by the principle of ‘Sustainability Simplified’, noco-noco will present visitors to its event booth with cutting-edge electrification offerings designed to steer the world towards a sustainable and decarbonized energy future.

 

Key Highlights:

  • Revolutionary Battery Technology: noco-noco spotlights its long-lasting battery technology, powered by the X-SEPA™, a revolutionary separator with excellent electrolyte retention. This technology enables lithium-ion batteries with superior performance and durability even in high temperatures of up to 60°C—a game-changing development in the face of rising global temperatures, especially in Asia.
  • Sustainable Leasing Service: noco-noco’s leasing service redefines the mobility landscape, promoting a circular and sustainable shared energy economy. Committed to supporting carbon neutrality across the value chain, noco-noco offers an accessible pathway for fleet operators seeking efficient decarbonization and electrification options.
  • Carbon Credit Program: noco-noco’s nature-based carbon projects across APAC generate carbon credits to help countries and companies counter unavoidable emissions.
  • Innovation Partnership with 3DOM Alliance Group: noco-noco’s technology innovation partner, 3DOM Alliance, presents their alternative vision for a sustainable energy future with intelligent battery systems. This technology solution is designed to boost energy efficiency without relying on emissions-heavy cloud services.

 

Event specials!

  • Front Row Announcements: New battery longevity and performance data fresh out the 3DOM Alliance labs.
  • Expert Engagements: Discussions with experts on technology breakthroughs shaping the battery industry.
  • Exclusive Tour: Media and industry representatives can request an escorted tour of 3DOM Alliance’s R&D production facility in Yokohama. Due to limited availability, interested parties are encouraged to apply early via the contact details provided below.
  • Partnership Showcase: Witness a collaborative presentation with Assemblepoint showcasing a compact EV bus and learn more about noco-noco’s leasing service.

 

Join us at Battery Japan [September] 2023 Booth E6-24 as we unveil a sustainable, electrified future. Together, let’s champion a greener and more prosperous world where the most cutting-edge technologies simplify sustainability for everyone.

 

 

About noco-noco:

noco-noco is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. With X-SEPA™, a battery separator technology designed for long-lasting and high heat-resistant performance, and noco-noco’s carbon-neutral leasing platform, noco-noco expects to address the need for clean, affordable, and sustainable energy solutions. noco-noco made its Nasdaq debut on August 28, 2023. For more information, visit www.noco-noco.com

 

About 3DOM Alliance:

Established in Japan in 2014, 3DOM Alliance Inc. strives to solve environmental problems through the research and development of cutting-edge technologies and business models that promote decarbonization and ecological conservation. For more information, visit www.3dom.co.jp/en/.

 

Contact:
noco-noco Inc.
4 Shenton Way, SGX Centre 2 #04-06, Singapore 068807
investor@noco-noco.com

Aug 28, 2023
noco-noco Announces Successful Closing of Business Combination and Commencement of Trading on Nasdaq

Singapore, August 28, 2023 – noco-noco Pte. Ltd., an early-stage decarbonization solutions provider focused on technologies to accelerate the global transformation to a carbon-neutral economy, today announced the successful closing of the business combination (the “Business Combination”) with Prime Number Acquisition I Corp. (“PNAC”), a publicly traded special acquisition company. The Business Combination was approved at a special meeting of PNAC stockholders on August 16, 2023 and was consummated on August 25, 2023.

The resulting combined company, noco-noco Inc. (“noco-noco”), is expected to commence trading of its shares and warrants on the Nasdaq Capital Market under the ticker symbols “NCNC” and “NCNCW”, respectively, on August 28, 2023, U.S. Eastern Time.

Commenting on today’s announcement, noco-noco’s Director and Chief Executive Officer, Masataka Matsumura said, “Today marks the beginning of an exciting new chapter for noco-noco – one where we will be able to accelerate our mission to simplify sustainability through advanced battery technology and decarbonization solutions and grow shareholder confidence. We are confident that listing on the Nasdaq will help us attract perceptive investors with an appetite for innovative growth companies like ours.”

 

 

Advisors

Sidley Austin served as legal counsel to noco-noco Pte. Ltd. Robinson & Cole LLP served as legal counsel to Prime Number Acquisition I Corp. Messina Madrid Law PA served as tax law counsel to Prime Number Acquisition I Corp. Ogier served as Cayman law counsel to noco-noco Inc.

 

About noco-noco

noco-noco is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. With X-SEPA™, a battery separator technology designed for long-lasting and high heat-resistant performance, and noco-noco’s carbon-neutral leasing platform, noco-noco expects to address the need for clean, affordable, and sustainable energy solutions. For more information on noco-noco, visit www.noco-noco.com

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and on information currently available to noco-noco and PNAC. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including the proposed business combination, the benefits and synergies of the proposed business combination, the markets in which noco-noco operates as well as any information concerning possible or assumed future results of operations of the combined company after the consummation of the proposed business combination, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of noco-noco and PNAC believes that it has a reasonable basis for each forward-looking statement contained in this communication, each of noco-noco and PNAC caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. Neither noco-noco nor PNAC can assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to complete the business combination due to the failure to obtain approval from PNAC’s stockholders or satisfy other closing conditions in the business combination agreement, the occurrence of any event that could give rise to the termination of the business combination agreement, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by PNAC’s public stockholders, costs related to the transaction, the impact of the global COVID-19 pandemic, the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties. There may be additional risks that neither noco-noco nor PNAC presently know or that noco-noco and PNAC currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by noco-noco, PNAC, and their respective directors, officers or employees or any other person that noco-noco and PNAC will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of noco-noco and PNAC as of the date of this communication. Subsequent events and developments may cause those views to change. However, while noco-noco and PNAC may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of noco-noco or PNAC as of any date subsequent to the date of this communication.

 

Contact:
noco-noco Inc.
4 Shenton Way, SGX Centre 2 #04-06, Singapore 068807
investor@noco-noco.com

Prime Number Capital, LLC on behalf of Prime Number Acquisition I Corp.
Ms. Xiaoyan Jiang, Chairwoman
Email: info@pncps.com

Aug 25, 2023
noco-noco Pte. Ltd. and Prime Number Acquisition I Corp.
Announce Plan for Closing of Business Combination on August 25, 2023

Singapore/New York, August 24, 2023 – noco-noco Pte. Ltd., an early-stage decarbonization solutions provider focused on technologies to accelerate the global transformation to a carbon-neutral economy, and Prime Number Acquisition I Corp. (Nasdaq: PNAC), a Delaware blank check company, today announced that the parties plan to close the business combination on August 25, 2023.

Subject to Nasdaq approval for listing, the post-combination company, noco-noco Inc. (“noco-noco”), is targeting to commence trading of its shares and warrants on the Nasdaq Capital Market under the ticker symbols “NCNC” and “NCNCW”, respectively, on August 28, 2023, U.S. Eastern Time.

The business combination was approved by PNAC’s stockholders at a special meeting on August 16, 2023.

 

About noco-noco

noco-noco is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. With X-SEPA™, a battery separator technology designed for long-lasting and high heat-resistant performance, and noco-noco’s carbon-neutral leasing platform, noco-noco expects to address the need for clean, affordable, and sustainable energy solutions. For more information on noco-noco, visit www.noco-noco.com

 

About Prime Number Acquisition I Corp.

Prime Number Acquisition I Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses with one or more businesses or entities, provided that it will not undertake its initial business combination with any entity being based in or having the majority of the company’s operations in China (including Hong Kong and Macau). None of its founders or the Company is affiliated with Prime Number Capital LLC, an underwriter for the Company’s initial public offering (the “IPO”).

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and on information currently available to noco-noco and PNAC. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including the proposed business combination, the benefits and synergies of the proposed business combination, the markets in which noco-noco operates as well as any information concerning possible or assumed future results of operations of the combined company after the consummation of the proposed business combination, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of noco-noco and PNAC believes that it has a reasonable basis for each forward-looking statement contained in this communication, each of noco-noco and PNAC caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. Neither noco-noco nor PNAC can assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to complete the business combination due to the failure to obtain approval from PNAC’s stockholders or satisfy other closing conditions in the business combination agreement, the occurrence of any event that could give rise to the termination of the business combination agreement, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by PNAC’s public stockholders, costs related to the transaction, the impact of the global COVID-19 pandemic, the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties. There may be additional risks that neither noco-noco nor PNAC presently know or that noco-noco and PNAC currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by noco-noco, PNAC, and their respective directors, officers or employees or any other person that noco-noco and PNAC will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of noco-noco and PNAC as of the date of this communication. Subsequent events and developments may cause those views to change. However, while noco-noco and PNAC may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of noco-noco or PNAC as of any date subsequent to the date of this communication.

 

 

Contact:

Prime Number Capital, LLC on behalf of Prime Number Acquisition I Corp.
Ms. Xiaoyan Jiang, Chairwoman
Email: info@pncps.com

noco-noco Pte. Ltd.
4 Shenton Way, SGX Centre 2 #04-06, Singapore 068807
investor@noco-noco.com

Aug 17, 2023
noco-noco and Prime Number Acquisition I Corp.. announce business combination approval by Prime Number Acquisition I Corp. stockholders

Manhasset, New York, August 16, 2023 ([GLOBE NEWSWIRE]) –Prime Number Acquisition I Corp. (Nasdaq: PNAC; “Prime Number”), a publicly traded special acquisition company, today announced that their previously announced business combination (the “Business Combination”) with noco-noco Pte. Ltd. (“noco-noco”), an early-stage decarbonization solutions provider aiming to accelerate global transformation to a carbon-neutral economy, was approved at a special meeting of stockholders (the “Special Meeting”) of Prime Number on August 16, 2023. Approximately 92% of the votes cast at the Special Meeting were in favor of the Business Combination. Prime Number plans to file the results of the Special Meeting, as tabulated by an independent inspector of elections, on a Current Report on Form 8-K with the Securities and Exchange Commission (the “SEC”) later today.

Subject to the satisfaction of customary closing conditions, the transaction is expected to close later this month. The combined company will be renamed as “noco-noco Inc.”, and its shares and warrants are expected to begin trading on the Nasdaq under the symbols “NCNC” and “NCNCW”, respectively, once the transaction is closed.

 

ABOUT NOCO-NOCO

noco-noco is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. With X-SEPA™, a battery separator technology designed for long-lasting and high heat-resistant performance, and noco-noco’s carbon-neutral leasing platform, noco-noco expects to address the need for clean, affordable, and sustainable energy solutions. For more information on noco-noco, visit www.noco-noco.com

 

ABOUT PRIME NUMBER ACQUISITION I CORP.

Prime Number Acquisition I Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses with one or more businesses or entities, provided that it will not undertake its initial business combination with any entity being based in or having the majority of the company’s operations in China (including Hong Kong and Macau). None of its founders or the Company is affiliated with Prime Number Capital LLC, an underwriter for the Company’s initial public offering (the “IPO”).

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and on information currently available to noco-noco and PNAC. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including the proposed business combination, the benefits and synergies of the proposed business combination, the markets in which noco-noco operates as well as any information concerning possible or assumed future results of operations of the combined company after the consummation of the proposed business combination, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of noco-noco and PNAC believes that it has a reasonable basis for each forward-looking statement contained in this communication, each of noco-noco and PNAC caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. Neither noco-noco nor PNAC can assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to complete the business combination due to the failure to obtain approval from PNAC’s stockholders or satisfy other closing conditions in the business combination agreement, the occurrence of any event that could give rise to the termination of the business combination agreement, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by PNAC’s public stockholders, costs related to the transaction, the impact of the global COVID-19 pandemic, the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties. There may be additional risks that neither noco-noco nor PNAC presently know or that noco-noco and PNAC currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by noco-noco, PNAC, and their respective directors, officers or employees or any other person that noco-noco and PNAC will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of noco-noco and PNAC as of the date of this communication. Subsequent events and developments may cause those views to change. However, while noco-noco and PNAC may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of noco-noco or PNAC as of any date subsequent to the date of this communication.

 

Contact:

Prime Number Capital, LLC on behalf of Prime Number Acquisition I Corp.
Ms. Xiaoyan Jiang, Chairwoman
Email: info@pncps.com

noco-noco Pte. Ltd.
4 Shenton Way, SGX Centre 2 #04-06, Singapore 068807
investor@noco-noco.com

Aug 1, 2023
Akihiko Matsumura appointed Representative Director and President

TOKYO, August 1, 2023 – 3DOM Alliance Inc. is pleased to announce that Akihiko Matsumura, the company’s founder and current member of the Board of Directors, has been appointed Representative Director and President as of August 1, 2023.

His predecessor, Masataka Matsumura, will focus on further business expansion as CEO of noco-noco Pte. Ltd., 3DOM Alliance’s Singapore-based subsidiary, and continue to serve as a director of 3DOM Alliance.

3DOM Alliance’s Board of Directors and team of employees are committed to propelling a new stage of business development under Akihiko Matsumura’s leadership.

 

Biography
Akihiko Matsumura is a graduate of Hokkaido University’s Faculty of Law. Since he was a university student, he has founded numerous companies in fields spanning education, beauty, healthcare, food, apparel, and environment. He founded Transcu Group Limited in 2008 and listed it as the first Japanese biotech company on the Singapore Exchange Mainboard. In September 2011, he founded 3DOM Technology Inc., the precursor to 3DOM Alliance Inc. In February 2014, he established 3DOM Inc. (now 3DOM Alliance Inc.) and became Chief Strategy Officer. He was appointed Director of 3DOM Alliance Inc. in June 2022 and has served as Representative Director and President since August 2023.

Jul 26, 2023
Prime Number Acquisition I Corp. Announces Effectiveness of Proxy Statement/Prospectus and August 15, 2023 Special Meeting of Stockholders to Approve Business Combination with noco-noco Pte. Ltd.

New York, New York, July 26, 2023 – Prime Number Acquisition I Corp. (Nasdaq: PNAC) (or “PNAC”), a publicly traded special purpose acquisition company today announced that it will hold a special meeting of stockholders of PNAC on Tuesday, August 15, 2023 at 9:00 a.m. Eastern Time (the “Special Meeting”) to vote on, among others, the proposed business combination (the “Business Combination”) with noco-noco Pte. Ltd. (“noco-noco”), a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. Subject to the satisfaction or waiver of the closing conditions set forth therein, the combined company will be renamed to “noco-noco Inc.” (Nasdaq: NCNC) following the closing.

The registration statement on Form F-4 (File No. 333-271994) containing a proxy statement/prospectus (the “Proxy Statement/Prospectus”) relating to the Business Combination filed by Prime Number Holding Limited (“PubCo”) with the U.S. Securities and Exchange Commission (the “SEC”), was declared effective by the SEC on July 25, 2023. The mailing of Proxy Statement/Prospectus and related materials was commenced today to stockholders of PNAC as of July 13, 2023 (the “Record Date”) .

PNAC’s Special Meeting will be held on August 15, 2023 at 9:00 a.m. Eastern Time virtually via teleconference using the dial-in in information: +1 813-308-9980 (access code: 173547). Stockholders of PNAC as of the Record Date are entitled to notice of, and to vote at, the Special Meeting.

 

About Prime Number Acquisition I Corp.

Prime Number Acquisition I Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses with one or more businesses or entities, provided that it will not undertake its initial business combination with any entity being based in or having the majority of the company’s operations in China (including Hong Kong and Macau). None of its founders or the Company is affiliated with Prime Number Capital LLC, an underwriter for the Company’s initial public offering (the “IPO”).

 

About noco-noco

noco-noco is a decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. With X-SEPA™, a battery separator technology designed for long-lasting and high heat-resistant performance, and noco-noco’s carbon-neutral leasing platform, noco-noco expects to address the need for clean, affordable, and sustainable energy solutions. For more information on noco-noco, visit www.noco-noco.com

 

Important Information and Where to Find It

On December 29, 2022, PubCo, PNAC, Prime Number Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of PubCo, Prime Number New Sub Pte. Ltd., a Singapore private company limited by shares and a direct wholly-owned subsidiary of PubCo, noco-noco, and certain shareholders of noco-noco collectively holding a controlling interest, entered into a business combination agreement, pursuant to which PNAC is proposing to enter into a business combination with noco-noco involving a merger and a share exchange.

This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. PNAC’s stockholders and other interested persons are advised to read, when available, the Proxy Statement/Prospectus and the amendments thereto and other documents filed by PubCo in connection with the proposed Business Combination, as these materials will contain important information about noco-noco, PNAC and the proposed Business Combination. When available, the Proxy Statement/Prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of PNAC as of the Record Date. Such stockholders will also be able to obtain copies of the proxy statement/prospectus and other documents filed with the Securities and Exchange Commission (the “SEC”), without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to PNAC at its principal executive offices at c/o 1129 Northern Blvd, Suite 404, Manhasset, NY 11030, United States.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and section 21E of the U.S. Securities Exchange Act of 1934 (“Exchange Act”) that are based on beliefs and assumptions and on information currently available to noco-noco and PNAC. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” “target,” “seek” or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including the proposed business combination, the benefits and synergies of the proposed business combination, the markets in which noco-noco operates as well as any information concerning possible or assumed future results of operations of the combined company after the consummation of the proposed business combination, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of noco-noco and PNAC believes that it has a reasonable basis for each forward-looking statement contained in this communication, each of noco-noco and PNAC caution you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. Neither noco-noco nor PNAC can assure you that the forward-looking statements in this communication will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to complete the business combination due to the failure to obtain approval from PNAC’s stockholders or satisfy other closing conditions in the business combination agreement, the occurrence of any event that could give rise to the termination of the business combination agreement, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by PNAC’s public stockholders, costs related to the transaction, the impact of the global COVID-19 pandemic, the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation of the transaction, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties. There may be additional risks that neither noco-noco nor PNAC presently know or that noco-noco and PNAC currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by noco-noco, PNAC, and their respective directors, officers or employees or any other person that noco-noco and PNAC will achieve their objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent the views of noco-noco and PNAC as of the date of this communication. Subsequent events and developments may cause those views to change. However, while noco-noco and PNAC may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of noco-noco or PNAC as of any date subsequent to the date of this communication.

 

No Offer or Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of noco-noco or PNAC, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

 

Participants in the Solicitation

noco-noco, PNAC, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of PNAC’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of PNAC’s stockholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus on Form F-4 to be filed with the SEC.

 

Contact:

Prime Number Capital, LLC on behalf of Prime Number Acquisition I Corp.
Ms. Xiaoyan Jiang, Chairwoman
Email: info@pncps.com

noco-noco Pte. Ltd.
4 Shenton Way, SGX Centre 2 #04-06, Singapore 068807
Email: investor@noco-noco.com

Jul 6, 2023
Establishment of noco-tech Inc.
 

noco-tech Inc. (“noco-tech”) was established on July 3, 2023 as a spin-off of 3DOM Alliance’s separator product development division.

The objective is to advance business and enable quicker decision-making by delegating authority and responsibility to noco-tech as an independent company, now that separator product development has progressed and commercialization is possible.

3DOM Alliance will work toward its vision of truly solving environmental problems by focusing on the development of elemental technologies, business models, and group-wide strategy through continuous innovation not limited to existing areas of business.

noco-tech will conduct research and development, prototyping, and sample sales of 3DOM Alliance’s proprietary X-SEPA™ separator and research and development of new lithium-ion batteries incorporating the X-SEPA™.
Tatsuo Mori, former Executive Vice President of 3DOM Alliance and Manager of the Yokohama R&D Center, has been appointed Representative Director and President.

 

noco-tech Inc.
Company Name: noco-tech Inc. (wholly-owned subsidiary of 3DOM Alliance)
Established: July 3, 2023
Address: C Building, 3-9 Moriya-cho, Kanagawa-ku, Yokohama, Kanagawa, Japan
Representative Director & President: Tatsuo Mori
Business activities:Research and development, prototyping, and sample sales of next-generation separators; research and development of new lithium-ion batteries incorporating next-generation separators
https://noco-tech.com/en

Jun 27, 2023
3DOM Alliance Group finishes successful exhibit at VivaTech2023

 

The 3DOM Alliance Group is pleased to announce the successful conclusion of its debut participation at VivaTechnology (“VivaTech”) 2023, held from June 14th to 17th in Paris, France, where group companies 3DOM Alliance, noco-noco, Binex, and Tesnology presented an immersive adventure through a clean, green, and personalized city of the future.

Through the 3DOM Alliance Group’s representation of a visionary future cityscape, hundreds of visitors witnessed firsthand how clean energy, mobility, and connectivity may converge to create sustainable and user-centric living environments with circular economy efficiencies.

Each of the companies’ solutions within the showcase – 3DOM Alliance’s long-life and high-performance battery technology, noco-noco’s carbon neutral leasing platform and efficiency solutions, Binex’s sorghum-derived second-generation biofuel and fuel cell technologies, and Tesnology’s data management-enabled RCT Devices – attracted great interest from the business community for their transformative potential toward a decarbonized world.

3DOM Alliance Group’s VivaTech2023 Event Page
URL: https://rct.solutions/ja/home/