Moderna Finalizes Agreement with the Government of the Republic of Kenya to Establish an mRNA Manufacturing Facility

Facility to enable access to manufactured mRNA vaccines for Kenya and the African continent, providing health security and building upon Moderna’s global public health commitments

The facility will be capable of producing up to 500 million doses each year

CAMBRIDGE, MA & NAIROBI, KENYA/ ACCESSWIRE / March 30, 2023 / Moderna, Inc. (NASDAQ:MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and the Government of the Republic of Kenya have finalized an agreement to establish an mRNA manufacturing facility in the Republic of Kenya. This will be the Company’s first mRNA manufacturing facility in Africa.

In partnership with the Government of the Republic of Kenya, Moderna will build a state-of-the-art mRNA facility in Kenya to produce up to 500 million doses of vaccines each year. The Company expects the new facility to enable drug substance and drug product manufacturing for Kenya and the African continent. In addition, this facility will have surge capacity to rapidly scale and respond to public health emergencies on the continent and around the world.

“The finalization of our agreement with the Government of the Republic of Kenya is a key pillar of our global public health strategy, where we hope to bring mRNA innovation to the people of Africa in areas of high unmet need, such as acute respiratory infections, as well as persistent infectious diseases like HIV and outbreak threats such as Zika and Ebola,” said Stéphane Bancel, Chief Executive Officer of Moderna. “This also demonstrates our confidence in the investment climate in Kenya and the importance of utilizing mRNA technology to build resilience in healthcare security in Africa. We are also grateful for the leadership of the U.S. Ambassador to Kenya, Meg Whitman, and Samantha Power, in her role as Administrator of the United States Agency for International Development for their instrumental support of this project.”

“We are excited about this milestone that brings to bear our efforts as Government to sustain our economic model of facilitating investments that serve not only Kenya but the African continent. My Government commits to supporting this investment as a critical signal to the investment community that Kenya is open for business,” said President William Ruto.

“This investment creates the momentum to meet the $10 billion annual target under the Government’s manufacturing 20 by 30 vision, where we plan to grow the contribution of manufacturing to GDP to 20% by the year 2030 from the current 7%,” said Kenya’s Cabinet Secretary for Investments, Trade, and Industry Hon. Moses Kuria.

The Government of Kenya has championed an accelerated investment agenda to grow foreign direct investment levels from the current levels of $448 million annually to $10 billion annually, making the country’s goal the continent’s most ambitious agenda to attract investments as an enabler to job creation. Moderna’s investment signifies confidence in the business environment in Kenya and readiness to support foreign and local investment in the healthcare sector, as well as Moderna’s ongoing commitment to global public health. Moderna will operate under a Special Economic Zone (SEZ) status, signifying Kenya’s increasing focus on the SEZ program as a key enabler of economic growth.

With this agreement, Moderna has commitments to establish mRNA manufacturing facilities in Kenya, the United States, Canada, Australia, and the United Kingdom, furthering health security around the world. Moderna has spent more than a decade refining its mRNA platform to accelerate the pace and success of mRNA medicines. The speed, scale, and flexibility of Moderna’s mRNA platform is uniquely suited for rapid response to serious international epidemics, commonly referred to as Disease X.[i]

Moderna is committed to advancing into clinical studies a portfolio of 15 vaccine programs targeting emerging or neglected infectious diseases by 2025, advancing vaccines that address current diseases of significant impact to low- and middle-income countries, and those that prepare for Disease X. Moderna will prioritize development efforts against pathogens identified as persistent global health threats, including HIV, tuberculosis (TB) and malaria, neglected tropical diseases and the priority pathogens of the World Health Organization and the Coalition for Epidemic Preparedness Innovations. Learn more at https://www.modernatx.com/responsibility/our-commitment.

About Moderna

In over 10 years since its inception, Moderna has transformed from a research-stage company advancing programs in the field of messenger RNA (mRNA), to an enterprise with a diverse clinical portfolio of vaccines and therapeutics across seven modalities, a broad intellectual property portfolio, and integrated manufacturing facilities that allow for rapid clinical and commercial production at scale. Moderna maintains alliances with a broad range of domestic and overseas government and commercial collaborators, which has allowed for the pursuit of both groundbreaking science and rapid scaling of manufacturing. Most recently, Moderna’s capabilities have come together to allow the authorized use and approval of one of the earliest and most effective vaccines against the COVID pandemic.

Moderna’s mRNA platform builds on continuous advances in basic and applied mRNA science, delivery technology, and manufacturing, and has allowed the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases. Moderna has been named a top biopharmaceutical employer by Science for the past eight years. To learn more, visit www.modernatx.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the Company’s plans to build an mRNA manufacturing facility in Kenya; the anticipated capacity and output for that facility; the ability of the facility to respond to public health emergencies; Moderna’s aspiration to develop treatments or vaccines against HIV, Zika, Ebola, and other public health pathogens; the ability of Moderna’s mRNA platform to respond to future epidemics; foreign investment in the health sector in Kenya; the advantages of doing business in a Kenyan Special Economic Zone; and Moderna’s plans to establish manufacturing facilities in the United State, Canada, United Kingdom, and Australia. In some cases, forward-looking statements can be identified by terminology such as “will,” “may,” “should,” “could,” “expects,” “intends,” “plans,” “aims,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading “Risk Factors” in Moderna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and in subsequent filings made by Moderna with the U.S. Securities and Exchange Commission (SEC), which are available on the SEC’s website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna’s current expectations and speak only as of the date of this press release.

Moderna Contacts:

Media:

Luke Mircea Willats
Senior Director, Corporate Communications
Luke.Mirceawillats@modernatx.com

Investors:

Lavina Talukdar
Senior Vice President & Head of Investor Relations
617-209-5834
Lavina.Talukdar@modernatx.com

[i] “Disease X” was named by the WHO to represent the knowledge that a serious international epidemic could be caused by a pathogen currently unknown to cause human disease. https://www.who.int/activities/prioritizing-diseases-for-research-and-development-in-emergency-contexts

SOURCE: Moderna, Inc.

Hitachi Energy and Petrofac secure landmark offshore wind agreement worth approximately 13 billion euros

Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition.Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea.

Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the integration of bulk renewables into European power grids.

Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind “2GW Program”1, based on high-voltage direct current (HVDC) technology pioneered by Hitachi Energy.

The agreement includes an initial commitment to deploy six record-breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of 2 gigawatts (GW) and a voltage level of 525 kilovolts (kV) – a world-first for offshore wind.

This landmark framework agreement is the largest ever for Hitachi Energy. It confirms the opportunity to innovate how state-of-the-art technology can be deployed effectively and how new business models enable the scale needed for the green energy transition. The framework agreement approach allows Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in-service dates.

Hitachi Energy will supply its HVDC Light® converter stations, which convert AC to DC power offshore and DC to AC onshore. Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations.

The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect. The second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024-2026 timeframe.

“This innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future.  In fact, we are already hiring to expand our global delivery capacity and effectively fulfill these and other orders,” said Niklas Persson, Managing Director at Hitachi Energy’s Grid Integration business. “We’re proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed.”

“Today’s announcement represents an exciting next step in Petrofac and Hitachi Energy’s collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT’s ground-breaking program,” said Sami Iskander, Petrofac’s Group Chief Executive. “By combining Petrofac’s industry-leading EPCI expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes.”

“TenneT has the technical know-how, scale, and geographical position to connect wind energy from the North Sea. This is one of the most important infrastructure projects of the century; the green transformation of the energy system is key for the decarbonisation of industry,” said Tim Meyerjürgens, COO of TenneT. “Together with our market partners, we are very proud to have achieved another important milestone. Together we secure decisive acceleration of the offshore grid development and set the course for the future European energy landscape.”

“The new long-term approach goes hand in hand with a fundamental change in values towards a strong partnership. This approach enables both sides with more flexibility, technological progress, and planning security,” said Marco Kuijpers, Director Large Projects Offshore of TenneT.  This benefits all parties and secures employment, growth, and the strengthening of supply chains. We can already see that our partners invest in extra resources and facilities.”

Hitachi Energy and Petrofac began working together in June 2022, to provide joint grid integration and associated infrastructure solutions to support TenneT’s 2GW Program.2

In the same year, Germany, the Netherlands, Denmark and Belgium agreed to install at least 65 gigawatts of offshore wind energy combined by 2030 announced with the inter-governmental Esbjerg Declaration.3 At 40 gigawatts, almost two-thirds of this capacity is accounted for by TenneT, with 20 gigawatts each in the German and Dutch North Sea sectors.

1 TenneT’s 2GW Program
2 Hitachi Energy and Petrofac to collaborate in growing offshore wind market
3 The Esbjerg Declaration

HVDC website:
https://www.hitachienergy.com/offering/product-and-system/hvdc

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

About Petrofac
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs. Our four values – driven, agile, respectful and open – are at the heart of everything we do.

Petrofac’s core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, Southeast Asia and the United States. We have 8,000 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC). For additional information, please refer to the Petrofac website at www.petrofac.com

Media contacts:
Jocelyn Chang
Global Head of Public Relations & Content Strategy
Hitachi Energy
jocelyn.chang@hitachienergy.com

Sophie Reid
Group Head of Communications
Petrofac
sophie.reid@petrofac.com

Attachment

Jocelyn Chang
Hitachi Energy
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8798527

Int’l Community Providing Support To Nation’s Effort of Lasting Peace: MFA

Following the Pretoria peace agreement, the international community is rendering support to the efforts of Ethiopia for ensuring sustainable peace, Spokesperson of the Ministry of Foreign Affairs Ambassador Meles Alem said.

In a bi-weekly press briefing he gave to journalists today, Ambassador Meles Alem said Ethiopia is striving to consolidate peace and pursue strong economic diplomacy.

He explained that after the Pretoria peace agreement, the government has carried out various activities including restoration of basic services, delivering humanitarian supplies which would consolidate peace.

Accordingly, the international community expressed commitment to supporting Ethiopia’s effort to achieve complete peace.

“We need to strengthen relations with long term development partners. The relations with international organization are very good. They have demonstrated commitment to further strengthening the efforts of consolidating peace in the country,” he said.

He added that the efforts being underway in ensuring peace have attracted the flow of many tourists to the country and this would also create good opportunity to lure investments to the country.

Talking of the country’s bilateral relations with the Middle East, EU and USA, the ambassador said that ties are very good and efforts are also underway to further strengthen them.

In particular, the ambassador pointed out that the relations between Ethiopia and the Middle East are very strong and historical noting that they are among many countries which have been supporting Ethiopia’s reform programs; the two sides have enjoyed strong economic and political ties.

He also said Ethiopia-US relations are improving. As a result, he revealed that the Ethio-American Business Forum will be held next month.

With regard to relations with neighboring countries, Ethiopia’s foreign diplomacy gives priority to work together with them for peace, stability and shared prosperity. In this regard, the country is working in collaboration with its neighboring countries for mutual benefits.

In citizen diplomacy, the spokesperson said some 125 thousand citizens who were in dire condition have been repatriated from Saudi Arabia in one year, he said, noting that this number doesn’t include citizens repatriated from different African countries.

Source: Ethiopian News Agency

Global Fund to grant USD 126 mln to aid Angola fight malaria, HIV/AIDS

The United Nations Global Fund is to grant 126 million US dollars to Angola for the next financing cycle (2024/2027) to support the programme to combat malaria, HIV/AIDS and tuberculosis in Cuanza Sul and Benguela provinces.

The information was disclosed Wednesday by the senior manager of the Global Fund, Joshua Galjour, adding that the institution has decided to increase the subsidy from 82 million to 126 million US dollars to reinforce the fight against these diseases in two regions of Angola.

Galijour, who was speaking to the press at the end of a meeting with the local deputy governor for the political, economic and social sector, Emília Tchinawalile, said the significant increase in funds is due to the excellent results achieved by Angola in improving the health system.

Galijour said Angola will benefit from a 52 percent increase or an additional 43 million in the next funding cycle and that the allocation is the most significant of all countries in the Africa and Middle East department to respond to the fight against these diseases and strengthen the health system.

Emília Tchinawalile, on her turn, praised the efforts of the Global Fund in the fight against malaria, HIV/AIDS and tuberculosis, as well as the improvement of the health sector in the province.

“For us it is a great satisfaction, because the results are satisfactory. Cuanza Sul is corresponding to the expectations for the benefit of the population, which is why we will continue to work with this international organization, so that the programme reach the established objectives”, Tchinawailele said.

Created in 2002, the Global Fund is an international financial organization whose objective is to raise and donate resources to prevent and treat infectious diseases, mainly HIV, tuberculosis and malaria in underdeveloped countries.

Source: Angola Press News Agency (APNA)

Sensitization Workshop on Transitional Justice Underway

A sensitization workshop on transitional Justice Initiative, aimed at deliberating on the concept, practices, and stakeholders’ role, is underway in Addis Ababa, at Skylight Hotel.

The workshop has been co-organized by Ethiopian Civil Society Organizations Council (ECSOC) and Institute for Security Studies (ISS) as part of the country’s efforts to reform and strengthen democratic institutes and lay the groundwork to sustain political stability and consolidate democracy.

Ethiopia like many countries in Africa, Latin America and other continents has been experiencing political trajectory of post-conflict societies, it was indicated.

Following the 2018 political transition in Ethiopia, deliberations on the need for transitional justice measures have resurfaced, it was learned.

The government has also acknowledged the need to prioritize transitional justice and attempts have also been made to establish transitional Justice Framework.

To this effect, the establishment of the Ethiopian Reconciliation and the Ethiopian National Dialogue commissions were mentioned as cases in point.

Taking lessons from these and building upon the provisions under Article 10 (3) in the Pretoria Agreement for Lasting Peace through a Permanent Cessation of Hostilities, the Ministry of Justice has recently put out a draft policy document for a complementary transitional justice initiative.

The one-day workshop has brought relevant stakeholders from federal and regional states to enhance their engagements in the transitional justice initiative, from inception to implementation.

Source: Ethiopian News Agency

Carrinho Buisness Group presents Industrial Complex at Expo-Industry2023

The 5th Edition of Expo-Indústria/2023 is serving for Carrinho Group to present an Industrial Complex, with the capacity to produce 2.4 million tons of various products, said this Thursday the marketing and communication director of the business group, Yuri Rodrigues.

Speaking to ANGOP, at Expo-Industry/2023 venue, he stressed that the aforementioned complex processes rice, wheat, corn and refines oil, in addition to the production of other consumer goods. Yuri Rodrigues underlined that the group’s industry does all of the production, processing of raw materials, finishing of products, which are then sold, through Carrinho group, via its “Bem Baratos” stores.

He said the expo is also serving to present a company that works in the area of agricultural promotion, “Carrinho Agri”, through families.

“We have 58,000 family farmers working with us and promoting maize, wheat, rice, beans and soybeans. At fairs, we make many partnerships with other companies that already produce locally. These companies sell their products in our stores, through our brands”, he stressed.

According to Yuri Rodrigues, with the industrial complex, which has the capacity to produce 2.4 million tons of different products, the company intends to be 100% national.

The group has 17 factories, home to 6,800 jobs, and currently has the largest storage structure in the country, with a capacity of 100,000 tons of cereals and 55,000 cubic meters of storage tanks for oleaginous products.

The 5th edition of Expo-indústria/2023, which started on the 29th of March and is due to end on the 1st of April, in the Special Economic Zone (ZEE) Luanda-Bengo, takes place in an area of two thousand square meters of exhibition space and has 238 exhibitors between national and international ones.

Among the main sectors on display, civil construction stands out with 22%, commerce and distribution (12%), the textile and catering sectors with 11% each, handicrafts (10%), oil and gas and agribusiness with 8%, plus banking and insurance, the furniture industry with five percent each.

Source: Angola Press News Agency (APNA)