Daphne Technology expands global footprint with launch of Singapore hub

Daphne Technology is pleased to announce the establishment of our new subsidiary, Daphne Technology Singapore. This strategic expansion marks a significant step in our growth, positioning Singapore as the central hub for our maritime operations in the Asia-Pacific region.

Published:
August 27 2024

Janne Berglund
Head of Marketing, Communications & Branding

PRESS RELEASE from Daphne Technology

Daphne Technology, a leading Swiss climate deep-tech company committed to reducing greenhouse gas emissions in hard-to-decarbonise industries, is pleased to announce the establishment of its new subsidiary, Daphne Technology SG. This strategic expansion marks a significant step in the company's growth, positioning Singapore as the central hub for its maritime operations in the Asia-Pacific region.

Daphne Technology SG will play a crucial role in the company's scale-up phase, focusing on delivering innovative solutions to mitigate methane slip and other harmful emissions within the maritime sector. Renowned as a global maritime hub, Singapore offers the perfect ecosystem for Daphne Technology to advance its mission of driving a sustainable energy transition in the shipping industry.

The new Singapore entity will be led by Kuldipak Pednekar, who has been appointed Managing Director. Kuldipak, who has been with Daphne Technology since the beginning of 2022 and serves as the company's Head of Marine & Offshore Operations, brings a wealth of experience in maritime operations and business scaling, making him ideally suited to lead Daphne Technology's efforts in this dynamic region. His leadership will be pivotal as the company accelerates its efforts to provide groundbreaking technologies contributing to global decarbonisation goals.

We are thrilled to establish our presence in Singapore, a critical market for maritime operations and a key region for our growth strategy. With Kuldipak Pednekar at the helm, Daphne Technology Singapore SG will drive the adoption of sustainable practices in the maritime industry, delivering cutting-edge solutions that align with our commitment to environmental sustainability and technological innovation.

Dr Mario Michan
Founder & CEO

I am honoured to lead Daphne Technology SG at such a crucial moment in our company's growth. Singapore's strategic position in the global maritime industry provides us with a unique opportunity to accelerate the adoption of our innovative technologies. I look forward to driving our mission forward, ensuring that we make a significant impact in reducing emissions and advancing sustainable practices within the maritime sector.

Kuldipak Pednekar
Head of Marine & Offshore Operations

Daphne Technology's expansion into Singapore underscores its dedication to tackling the global methane slip challenge, especially in the maritime sector. The Singapore subsidiary will be instrumental in deploying the company's pioneering technologies, including SlipPure™, which significantly reduces methane emissions from ship exhausts, and PureMetrics™, an advanced real-time GHG measurement and optimisation system.

This strategic move is part of Daphne Technology's broader global vision to scale its impact, offering solutions that address some of the world's most urgent environmental challenges. As the company continues to expand, Daphne Technology Singapore SG will be at the forefront of fostering innovation, building partnerships, and reinforcing Daphne Technology's leadership in the global maritime industry.

Ends
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For media inquiries:

Janne Berglund
Head of Marketing, Communication & Branding
M +47 478 02 981
E janne.berglund@daphnetech.com
daphnetechnology.com/contact

About Daphne Technology

Daphne Technology is a Swiss climate deep-tech company, focused on solving the greenhouse gas challenge in tough-to-decarbonise industries. The company develops technologies and scales innovative products to measure and reduce GHG emissions from industrial sources, with a portfolio approach to decarbonisation targeting GHG emission inefficiencies in power generation and energy conversion across the globe.

Daphne's high-tech, innovative approach has attracted investment from global industrial leaders, including Shell Ventures, Saudi Aramco Energy Ventures, Trafigura, AET, Swisscom and JP Morgan, who are committed to enabling an economically sustainable energy transition.

The company has received multiple awards and recognitions, including the Horizon 2020 EU grant, Vaud Innovation Fund SPEI, Swiss Ministry of Environment Award, VentureKick 2020, Climate-KIC 2020, and Venture Business Idea. Daphne has also been featured as a top Swiss Clean Tech and Top 100 Swiss Start-up by VentureLab five times. The company has won several awards, including the Envirotech Maritime Innovation Award in 2021, the inaugural Nor-Shipping Ocean Solutions Award in 2022, and voted the top deep-tech company in Switzerland honoured with the prestigious Deep-Tech/Life Science Award at the 25th edition of the Swiss Economic Forum 2023. For more information, go to daphnetech.com

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