ASTRI Launches TechMart to Drive Business Transformation Through Patented Technologies

With Tailored Enablement Kits and Consultation Services

HONG KONG, Nov. 3, 2026 /PRNewswire/ -- The Hong Kong Applied Science and Technology Research Institute (ASTRI) has launched TechMart, a platform designed to provide businesses with affordable and easy access to patented technologies. For an upfront licensing fee of HK$10,000 per patented technology, companies receive a one-year non-exclusive license to trial, test and evaluate advanced innovations for use, along with a comprehensive Enablement Kit and consultation service that simplifies adoption and accelerates integration. TechMart enables businesses to reduce technology adoption costs, shorten development timelines, and strengthen their competitive advantage.

This new platform aligns with the Hong Kong SAR Government's inaugural Five-Year Plan, which positions the city as a global innovation and technology (I&T) centre and a premier regional intellectual property (IP) trading centre, helping enterprises achieve faster business transformation in a rapidly evolving market.

Enablement Kits Drive Technology Adoption

TechMart currently features over 50 patented technologies from ASTRI's extensive R&D portfolio, spanning information and communications technology and advanced materials, and will be expanded in phases to offer approximately 100 patents. Through cost-effective licensing arrangements, technology support services, and classification by technology domain and industry application, the platform helps businesses efficiently identify, evaluate and adopt innovations that meet their business needs.

TechMart's Enablement Kits provide businesses with a complete implementation framework. Each kit is tailored to its associated technology, with detailed application instructions, operation handbooks, integration tools, use cases, and initial technical consultation service provided by ASTRI's R&D team, helping companies deploy solutions quickly and scale operations effectively. ASTRI will not charge any royalty fee during the first-year trial period and will discuss with companies to formalise licensing agreements in due course, paving the way for future commercialisation including mass production, sales and distribution.

Enterprise-Focused Patent Platform

Ir Dr Ted Suen, Chief Executive Officer of ASTRI, said the institute has long been committed to transforming R&D outcomes into commercial solutions and fostering collaboration across government, industry, academia, and research sectors.

"Many enterprises face challenges in technology adoption due to limited R&D resources, lengthy development timelines and high initial investments. TechMart bridges this gap by offering businesses mature, commercially ready patents alongside complimentary toolkits and technical support to fast-track digital transformation, product innovation, and business upgrades, while driving technology transfer," he said. He stressed that TechMart is not only a marketplace for patents but a comprehensive platform enabling industrial innovation and supporting Hong Kong's ambition to lead in I&T.

"Compared to traditional IP trading platforms, TechMart focuses on enterprise applications. It presents the features of patented technologies, application scenarios, and the practical business challenges they address in a clear and accessible manner, helping enterprises identify and adopt suitable technologies more efficiently," he added.

Broad Portfolio of Technology Solutions on Offer

TechMart features a wide spectrum of applications including construction technologies, environmental innovation, financial technologies, healthcare, food technologies, automotive solutions, semiconductors, and smart manufacturing. Key patents include:

• Optimised Power Management for Remote IoT Devices: Improves efficiency in battery-dependent IoT networks, reducing maintenance costs. Applications include smart metres, agricultural sensors, logistics tracking, and environmental monitoring.
• High-Loading and Fast-Dissolving Film for Drug Absorption: A pharmaceutical film enabling rapid medicine absorption, ideal for allergy treatments, pain relief, and nutrition supplements. Suitable for diverse demographics, including children and the elderly.
• Multi-Layer Optical Anti-Counterfeiting Device: Adds advanced optical effects to holograms, enhancing security for certificates, luxury goods, pharmaceuticals, and biometric identification.
• System and Methods for Data Exchange Using Distributed Ledger: A blockchain-based platform for secure and efficient data sharing, supporting applications in financial technologies, regulatory compliance, and digital transactions.
• Reversible Self-Locking Interconnection System for Modular Construction: Revolutionises modular construction with a self-locking system for rapid assembly, enhancing efficiency in the construction sector.
• AI-powered Semiconductor Modelling: Captures subtle changes in current voltages, improving accuracy, accelerating design, and reducing errors. Lowers redesign risks while supporting IC verification, simulation calibration and semiconductor digital twins.

ASTRI plans to continuously expand the platform's offerings, providing businesses with an even broader range of technical solutions while fostering the growth of Hong Kong's I&T ecosystem.

ASTRI TechMart webpage: https://bit.ly/4ALX9jI

Photos Download: https://bit.ly/4AKTSRQ

 

About ASTRI

Founded in 2000 by the HKSAR Government, Hong Kong Applied Science and Technology Research Institute (ASTRI) is the city's largest government-funded R&D centre. Committed to transforming high-impact research into practical innovations, ASTRI drives market-driven, interdisciplinary advancements across sectors, including Smart City, FinTech, Digital Health and Life Sciences, New Industrialisation and Intelligent Manufacturing, Application-Specific Integrated Circuits (ASIC) and Advanced Electronics, New Energy and Energy Storage, and Green and ESG Technologies. Following its merger with the Nano and Advanced Materials Institute, ASTRI has further strengthened its capabilities, with over 1,500 patents and 2,200 successful cases of technology transfer. Recognised with numerous international awards, ASTRI continues to nurture top I&T talent and foster collaborations among the I&T ecosystem, contributing to Hong Kong's high-value economic development. For more information, please visit: https://www.astri.org

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

ASTRI Launches TechMart to Drive Business Transformation Through Patented Technologies

The new core collection is led by PASCAL Eternal Green™ lab-grown diamonds set against black titanium across watches and jewelry

LOS ANGELES, Nov. 3, 2026 /PRNewswire/ -- PASCAL, the Los Angeles-born colored lab-grown diamond brand, today introduces Color Classic, a new core collection that challenges the conventions of classic jewelry through color, contemporary materials and distinctive design. The 10-piece collection is now available at pascaldesign.com and PASCAL's Los Angeles store, with prices ranging from $325 to $2,950.

Color Classic is PASCAL's first core collection to translate the brand's belief in courage into a defining product language. Built around the idea that Color Is the New Classic, the collection invites people to choose a modern classic of their own—not one defined solely by white diamonds, gold, silver or convention, but one shaped by color, individuality and self-expression. For PASCAL, a modern classic should feel personal, distinctive and bold enough to be remembered.

Color Classic centers on the striking contrast between black titanium and PASCAL Eternal Green™ lab-grown diamonds. Against the material's deep black finish, the green diamonds become more pronounced, giving the collection its modern and recognizable character.

Lightweight yet strong and naturally resistant to corrosion, titanium makes the collection suited to both everyday wear and more active moments. Its quiet resilience gives physical form to PASCAL's idea of courage—a strength that adapts, endures and moves forward without being weighed down. The green evokes growth, transformation and the vitality to pursue what lies ahead. Throughout the collection, the PASCAL Quatre Monogram, a motif composed of four interlocking P forms, is translated into diamond settings, sculptural silhouettes and interconnected links.

"Color Classic reflects our belief that a classic should not ask people to disappear into convention," said Adam Hua, CEO of PASCAL. "The choices that shape us often require courage—the courage to change, to take a risk and to be seen. With Color Classic, color becomes more than decoration. It becomes a visible expression of who you choose to become."

Leading the collection is the Color Classic PASCAL Quatre Tennis Bracelet, which reimagines the traditional tennis bracelet through PASCAL's signature monogram. Each Quatre unit brings four P forms together in a continuous black titanium structure, set with 0.54 to 0.73 carats of PASCAL Eternal Green™ lab-grown diamonds, depending on bracelet size. The bracelet retails for $795.

The Color Classic Timeless Genesis Diamond Watch (Emerge) brings together a titanium case and integrated bracelet in a bold all-black silhouette. The watch is fully pavé-set with 2.278 carats of PASCAL Eternal Green™ lab-grown diamonds, creating a vivid contrast against the deep black finish. Twelve baguette-cut lab-grown gemstones mark the hour positions, while a signature textured bezel completes the sculptural design. The 36mm watch retails for $1,950.

Completing the collection's hero trio, the Color Classic Paradoxe Diamond Watch (Celestial Forest) pairs a genuine meteorite dial with a sculptural black titanium case and 2.65 carats of green lab-grown diamonds. The natural pattern of the meteorite makes each dial visually distinct, while the contrast between its celestial texture and vivid green diamonds gives the watch an otherworldly presence. It retails for $1,950.

The collection extends across additional Timeless Genesis and Paradoxe watches, sculptural bracelets and bangles, and earrings designed for everyday expression.

This inaugural release marks Drop 1 of Color Classic. As a core PASCAL collection, Color Classic will evolve through future drops that introduce new colors of lab-grown diamonds and extend its design language across new materials, forms and categories. Explore Color Classic at pascaldesign.com and PASCAL's Los Angeles store.

About PASCAL

PASCAL is a Los Angeles-born colored lab-grown diamond brand backed by Andreessen Horowitz (a16z). Combining diamond-growing technology with contemporary design and meticulous craftsmanship, PASCAL explores the creative possibilities of color and transforms diamonds into modern expressions of individuality, identity and self-expression. Through its watch and jewelry collections, PASCAL crafts colored diamonds for life's shiniest moments. Learn more at pascaldesign.com.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

PASCAL Unveils Color Classic, Recasting the Meaning of a Modern Classic