Menu

Blog posts July 2020

Leading Independent Proxy Advisory Firm ISS Recommends Toshiba Shareholders Vote “FOR” the Election of All 12 Toshiba Director Nominees

 Toshiba Urges Shareholders to Vote “FOR” Its Director Nominees at the July 31 General Meeting

TOKYO-Thursday 16 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Toshiba Corporation (TOKYO: 6502) today announced that Institutional Shareholder Services Inc. (“ISS”), the leading independent proxy advisory firm, has recommended that shareholders vote for all 12 of Toshiba’s highly-qualified director nominees at the Company’s Ordinary General Meeting of Shareholders for the 181st Fiscal Period, to be held on July 31, 2020.

As ISS stated in its independent report1: “…our analysis and engagement with the company suggest that the recently reconstituted board is appropriately focused on the key issues impacting Toshiba. As such, additional change at the board level does not appear necessary.”

Toshiba's Board of Directors stated, “We are pleased ISS has recommended that Toshiba shareholders vote for all of our highly-qualified and experienced Directors. ISS’ support further validates the progress that we made last year to refresh our Board with shareholder input and our strong belief that Toshiba’s slate of directors has the right mix of skills, experiences and new perspectives to provide independent oversight of the continued execution of our transformational Toshiba Next Plan (TNP). Through the TNP, we expect to deliver sustainable long-term growth and value to all of our shareholders. We encourage all of our shareholders to vote for our director nominees at our upcoming Ordinary General Meeting of Shareholders.”

In making its recommendation, ISS noted:

    “The company is appointing a new independent chairman, and seven of the other 9 independent directors have only been at the company for one year; the two remaining independent directors have tenures of two and four years, respectively. […] The current directors generally appear to have relevant and diverse credentials.”
    “[…] the company seems to have taken appropriate actions in recent years, and the board’s overhaul last year suggests it will maintain the course. […] the board – particularly the recently elected foreign directors – appear to be appropriately focused in their oversight.”
    “It is also worth noting that while 3D Investment is seeking to replace two directors, Effissimo is proposing to add three nominees to the 12-member slate nominated by the company. Such an increase raises questions as to whether a 15-member board could become less effective as different factions compete over disparate priorities.”

The Board unanimously recommends that Toshiba shareholders to vote “FOR” director candidates 1-12 and “AGAINST” candidates 13-17, as listed in our Convocation Notice.

Institutional investors and those shareholders holding shares through a custodian or intermediary should directly contact their custodian or voting platform provider for proxy voting instructions. Please be mindful that custodial vote deadlines may be very much earlier than the market deadline of 17:15 JST on 30 July 2020. Shareholders are encouraged to submit their proxy votes online through the electronic voting platform ProxyEdge operated by ICJ, Inc., if they have applied in advance to do so. Please refer to the Convocation Notice for further guidance, which can be found at https://www.toshiba.co.jp/about/ir/en/stock/meeting.htm.

1 Permission to quote from the ISS report was neither sought nor obtained.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200716005533/en/

Contacts

Investor Contact
Investor Relations Group, Planning & Investor Relations Office
Strategic Planning Div.
Toshiba Corporation
Phone: +81-3-3457-2096
Email: ir@toshiba.co.jp

Media Contact
Midori Hara
Media Relations Group, Public Relations Office
Corporate Communications Div.
Toshiba Corporation
Phone: +81-3-3457-2100
Email: media.relations@toshiba.co.jp

International Media Contact
Sard Verbinnen & Co. for Toshiba:
John Christiansen/David Millar/Ron Low
Phone: +1-415-618-8750/+1-212-687-8080/+852-3842-2200
Email: Toshiba-SVC@sardverb.com


Permalink : https://www.aetoswire.com/news/leading-independent-proxy-advisory-firm-iss-recommends-toshiba-shareholders-vote-ldquoforrdquo-the-election-of-all-12-toshiba-director-nominees/en

Go Back

Bank of America Reports Second-Quarter 2020 Financial Results

CHARLOTTE, N.C.-Thursday 16 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Bank of America reported its second-quarter 2020 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200716005504/en/

    Bank of America newsroom at https://newsroom.bankofamerica.com
    Bank of America Investor Relations website at http://investor.bankofamerica.com
    Business Wire’s news webpage at http://www.businesswire.com/portal/site/home/news

Investor Conference Call information:
Chief Executive Officer Brian Moynihan and Chief Financial Officer Paul Donofrio will discuss the financial results in a conference call at 8:30 a.m. ET today. For a listen-only connection to the conference call, dial 1.877.200.4456 (U.S.) or 1.785.424.1732 (international), and the conference ID is 79795.

Please dial in 10 minutes prior to the start of the call. Investors can also listen to a live audio webcast of the conference call and view the presentation slides by visiting the “Events and Presentations” section of the company’s Investor Relations website.

Replay information for Investor Conference Call:
Investors can access replays of the conference call by visiting the Investor Relations website or by calling 1.800.934.4850 (U.S.) or 1.402.220.1178 (international) from noon on July 16, through 11:59 p.m. ET on July 25.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 3,000 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,200 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

www.bankofamerica.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20200716005504/en/

Contacts

Investors May Contact:
Lee McEntire, Bank of America, 1.980.388.6780
lee.mcentire@bofa.com

Jonathan Blum, Bank of America (Fixed Income), 1.212.449.3112
jonathan.blum@bofa.com

Reporters May Contact:
Jerry Dubrowski, Bank of America, 1.646.855.1195 (office) or 1.508.843.5626 (mobile)
jerome.f.dubrowski@bofa.com


Permalink : https://www.aetoswire.com/news/bank-of-america-reports-second-quarter-2020-financial-results/en

Go Back

European Commission approves third nintedanib indication in pulmonary fibrosis1

INGELHEIM, Germany-Wednesday 15 July 2020 [ AETOS Wire ]

    The approval is for the treatment of adults with other chronic fibrosing interstitial lung diseases (ILDs) with a progressive phenotype beyond idiopathic pulmonary fibrosis (IPF).1
    The decision is based on the results of the INBUILD® trial, the first study to evaluate patients with a broad range of chronic fibrosing interstitial lung diseases (ILDs) and a progressive disease behavior.2
    Nintedanib is already approved in more than 80 countries for the treatment of idiopathic pulmonary fibrosis (IPF), and for systemic sclerosis-associated interstitial lung disease (SSc-ILD) in more than 40 countries.

 

(BUSINESS WIRE) -- Boehringer Ingelheim today announced that the European Commission (EC) has approved an additional indication for nintedanib in adults for the treatment of other chronic fibrosing interstitial lung diseases (ILDs) with a progressive phenotype beyond idiopathic pulmonary fibrosis (IPF).1 The approval comes after the Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion in May 2020.3 The U.S. Food and Drug Administration (FDA), Health Canada and the Japanese Pharmaceuticals and Medical Devices Agency (PMDA) recently approved nintedanib as the first treatment for the same patient population.4,5,6

Interstitial lung diseases encompass a large group of more than 200 disorders that may involve the threat of pulmonary fibrosis – an irreversible scarring of lung tissue that negatively impacts lung function.7 People living with fibrosing ILD can develop a progressive phenotype, leading to lung function decline, deterioration in quality of life and early mortality similar to those with IPF, the most frequent form of idiopathic interstitial pneumonias.8 The course of the disease and the symptoms are similar in progressive forms of chronic fibrosing ILDs regardless of the underlying ILD diagnosis, and as many as 18% to 32% of patients with non-IPF ILDs are estimated to be at risk for developing a progressive fibrosing disease behavior.9,10

The approval is based on the results of INBUILD®, which was a randomized, double-blind, placebo-controlled, parallel-group phase III trial, which evaluated the efficacy, safety, and tolerability of nintedanib in patients with chronic fibrosing ILDs with a progressive phenotype.2 The primary endpoint was the annual rate of decline in forced vital capacity (FVC) in mL assessed over a 52-week period. Patients on placebo lost 188mL lung volume over a year, while patients on nintedanib lost 81mL. This was measured as adjusted annual rate of decline over 52 weeks and meant that nintedanib slowed the lung function decline by 57% versus placebo.2 The treatment effect of nintedanib in slowing FVC decline compared with placebo seen in INBUILD® was consistent for all patients, regardless of the fibrotic pattern on high-resolution computed tomography (HRCT) and it was also consistent with the results in nintedanib trials studying patients with IPF and SSc-ILD.2,11,12,13

In the trial, nintedanib was associated with numerical reductions in the risk of acute exacerbation or death versus placebo.2 Treatment benefit may also be accompanied by reduced worsening of patient-reported outcomes such as dyspnea and cough.14 In addition, the safety profile observed in INBUILD® was consistent to what has been seen in patients with IPF and SSc-ILD treated with nintedanib previously.2

“Making your voice heard when living with a rare life-threatening condition can be very hard and also frightening, especially if no treatment option is available,” said Liam Galvin, Secretary of the European Idiopathic Pulmonary Fibrosis and Related Disorder Federation (EU-IPFF). “The European Commission’s decision is great news for people who are at risk of developing pulmonary fibrosis due to a progressive ILD. Pulmonary fibrosis causes irreversible decline in lung function and this new indication brings much hope to those affected and their loved ones.”

“We are very pleased with the European Commission’s decision to approve nintedanib as the first treatment in the EU for a group of chronic fibrosing ILDs that are progressing,” added Peter Fang, Senior Vice President and Head of Therapeutic Area Inflammation at Boehringer Ingelheim. “Living with fibrotic diseases greatly impacts the lives of the affected. Various underlying diseases can lead to the development of pulmonary fibrosis and until now, no treatment option was available. Bringing new hope to those patients constitutes a therapeutic breakthrough.”

 

Please click on the link for ‘Notes to Editors’ and ‘References’: http://www.boehringer-ingelheim.com/press-release/ecapprovalnintedanibildpf

View source version on businesswire.com: https://www.businesswire.com/news/home/20200715005540/en/

Contacts

Boehringer Ingelheim
Corporate Communications
Media + PR
Alexander Kurz
55216 Ingelheim/Germany
Tel.: +49 (6132) 77-184531
Mobile: +49 (151) 68948378
Email: press@boehringer-ingelheim.com

Permalink : https://www.aetoswire.com/news/european-commission-approves-third-nintedanib-indication-in-pulmonary-fibrosis1/en

Go Back

Transguard Group Further Solidifies its Position in the Finance, Banking and Government Sectors

Dubai, United Arab Emirates-Wednesday 15 July 2020 [ AETOS Wire ]

Business solutions provider Transguard Group has announced that Saeed Al Marzouqi has recently been brought on board as its new Senior Director-Group Strategy and Sales. Al Marzouqi joins Transguard from Noor Bank, where he served as Vice President and Head of Institutional Sales for the Treasury Sales division for two years. A graduate of the London Institute of Banking and Finance, Al Marzouqi is the former Director of Global Market Sales, a position he held for more than three years at the National Bank of Abu Dhabi. He has vast experience in Global Asset Management and distribution for global market products across the GCC, MENA, Asia and global financial institutions.

“Saeed is a strategic hire who brings a wealth of experience to his new role,” said Dr. Abdulla Al Hashimi, Chief Executive Officer, Transguard Group. “His exceptional understanding of the UAE’s financial institutions and government offices are already setting the pace for the next phase of our relationships with these vital organisations.”

International growth is also on the horizon for Transguard in several sectors, and Al Marzouqi joins the group at a key time of foundational preparation. “One of Saeed’s strengths is his network of relationships with key stakeholders in sectors that are of great interest for us, such as oil and gas,” explained Greg Ward, Managing Director, Transguard Group. “His contributions are already helping to shape our next steps, with significant agreements in the final stages of negotiation. These will be announced in due course but their importance in expanding the footprint of Transguard is considerable.”

The announcement follows recent media coverage of Transguard’s support of the UAE’s field hospitals, which has been widely viewed as a significant statement about the Group’s ability to integrate with and facilitate key collaborations for the country’s government institutions. “Our presence in the field hospitals in a number of roles (including facilities management, security, hospitality and more) was amplified by our ability to provide a single-vendor, 360-degree solution that is not only cost-effective but practical,” explained Ward. “This success provides Saeed with an additional platform from which to sell our comprehensive, flexible suite of services.”

A UAE national who was raised and educated in Canada, Al Marzouqi has also been installed as key member of Transguard’s senior leadership team.

About Transguard Group:
Established in 2001, Transguard Group is an Emirates Group and Al Hail Holding company with an available workforce of 61,000. Offering flexible solutions for all of the UAE’s staffing needs, Transguard is the region’s most trusted expert in security, facilities management, cash services and white collar staffing – and much more in between. With an annual turnover of approximately AED 2.55 billion in the 2019-2020 financial year, Transguard’s expertise is in supplying the right people for its clients, precisely when and where they’re needed. To learn more about the many ways Transguard is helping the UAE’s businesses grow, visit www.transguardgroup.com.

Contacts

For interview opportunities and more information:

Lena ter Laare

Director – Marketing, Communications & CSR

Lena.terlaare@transguardgroup.com

Mobile: +971 50 899 7953                       

Permalink : https://www.aetoswire.com/news/transguard-group-further-solidifies-its-position-in-the-finance-banking-and-government-sectors/en

Go Back

Kollective Technology to Demonstrate Scalability of Microsoft Teams and Stream Live Events at Microsoft Experience and Technology Centers Worldwide

BEND, Ore.-Wednesday 15 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Leading Software-Defined Enterprise Content Delivery Network (SD ECDN) provider Kollective Technology today announced that it was selected by Microsoft Corp. (Nasdaq: MSFT) to demonstrate the scalability of Microsoft Teams for live events at Microsoft Experience and Technology Centers worldwide.

Designed to create comprehensive and immersive technology experiences for Microsoft customers looking to adopt innovations that accelerate their Digital Transformation initiatives, Microsoft Experience and Technology Centers highlight the latest in Modern Workplace use cases, including live video broadcasts. By selecting Kollective as the certified ECDN of Experience Centers, Microsoft can now easily showcase how Teams can deliver company-wide, global live events with the help of ECDN technology.

Kollective’s ECDN platform, utilizing browser-based peering technology, scales Teams live events without the need to install software or invest in additional network infrastructure. Leveraging the Kollective Demo Portal, Experience Center visitors can not only learn how ECDNs scale live events but also immediately start a free trial, enabling them to evaluate peer-assisted video delivery within their own Microsoft 365 tenant. Real-time analytics, included with every trial, provides teams with insights that easily demonstrate how peering technology optimizes user experience and live event reach while minimizing network impact.

“We are excited Microsoft selected Kollective to bring ECDN technology to customers embarking on their digital transformation journeys,” said Kollective CEO Dan Vetras. “Our solution enables enterprise organizations to maximize the ROI of their Microsoft 365 investment by optimizing networks to reliably deliver live and on-demand video content.”

“At Experience Center Asia, through enabling the use of Kollective Technology for Microsoft Teams live events, we not only showcase our commitment to partners and innovation, we also clearly demonstrate to the market how the Future of Work may look like,” said Microsoft’s Rebecca Hick, Director of Experience Center Asia.

ABOUT KOLLECTIVE

Kollective is the leading provider of enterprise content delivery networking (ECDN) infrastructure. Kollective’s cloud-based, software-only platform leverages existing network infrastructure to deliver content faster, more reliably and with less bandwidth. With numerous pre-built integrations to applications such as Microsoft Teams, Kollective customers can easily and securely scale the best technologies to the edge of their global networks. Over 135 organizations, including many of the largest companies in the world, trust Kollective to securely scale live streaming video, video on-demand, and software updates to every device at the network edge.

ABOUT MICROSOFT

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200714005782/en/

Contacts

Samantha Browning/Jake Rowlands
Wildfire
kollective@wildfirepr.com
+44 20 8408 8000

Permalink : https://www.aetoswire.com/news/kollective-technology-to-demonstrate-scalability-of-microsoft-teams-and-stream-live-events-at-microsoft-experience-and-technology-centers-worldwide/en

Go Back

Techstars & Western Union Accelerator Announce 2020 Class Leading the Future of Inclusive Finance

Second Year Accelerator Kicks Off with Diverse Class of Founders Developing Products and Services Using Innovation and Technology to Create Access to a More Inclusive Global Financial System
 
DENVER-Tuesday 14 July 2020 [ AETOS Wire ]
 
(BUSINESS WIRE)-- Western Union (NYSE: WU), a leader in cross-border, cross-currency money movement, and Techstars, the global platform for investment and innovation, today announced the launch of its second class of the Techstars & Western Union Accelerator. From machine learning and artificial intelligence, to cloud services, digital banking and advanced analytics, the common thread across the portfolio of 10 companies is their commitment to leveraging technology and innovation to create greater access to global and local economies, through inclusive finance.
 
The 2020 Accelerator companies are led by founders originating from across the world, including the Philippines, Egypt, Gambia, Hong Kong, Indonesia, India, Israel, Nigeria, Singapore, Spain, South Africa and the United States. They share Western Union’s commitment to inclusive innovation by developing products and services that accelerate access for a more equitable global financial system.
 
The concept of financial access served as the North Star throughout the 2020 Accelerator selection process, as program leaders contemplated the question: In the face of a global health crisis, which companies are best positioned to accelerate and expand financial access in a post-COVID world?
 
The startup founders will participate in an intensive 13-week virtual program during which they will focus on growing and evolving their companies with the mentorship, entrepreneurial expertise, business strategy and marketing guidance of fintech subject matter experts in a range of areas, including compliance, mobile wallets and settlement.
 
“The Western Union team is tremendously impressed with this diverse group of founders and entrepreneurs who are actively addressing challenges across the financial services ecosystem,” said Western Union President of Product and Platform, Shelly Swanback. “I am confident that the breadth of perspective, experience and technologies represented in this year’s portfolio will drive us to be even more disruptive as we endeavor to develop more inclusive financial services and payment technologies in a rapidly changing global economy.”
 
Swanback added, “I am especially proud of the fact that many of the companies in the accelerator are led by founders from many different countries, which nicely reflects the global diversity of our employee, customer and partner base. A global lens is critical as we look to create opportunities for billions of people to access the latest innovations in finance, innovate opportunities for businesses and customers, and help close the growing inequality gap.”
 
According to the New American Economy, a U.S.-based bipartisan research and advocacy organization focused on federal, state, and local immigration policies, in 2019 approximately 45% of Fortune 500 companies were founded by immigrants or their children.
 
“We are proud to announce the companies selected to participate in the 2020 Techstars & Western Union Accelerator,” said Ethan Austin, Managing Director of the Techstars Western Union Accelerator. “Each of these companies is tackling systemic industry obstacles with innovative and original solutions using leading edge technologies. We are excited to support their continued growth over the next 13 weeks of our program and beyond.”
 
The 2020 Techstars & Western Union Accelerator will culminate with a Demo Day on Oct. 8, where startup founders will pitch their products and services to potential investors. This year, the program has shifted from an in-person to virtual program due to the impact of the COVID-19 pandemic.
 
Since 2006, Techstars has worked with more than 2,000 startups, forging deep and meaningful relationships between young startup companies and global corporations. The competitive selection process for the Techstars & Western Union Accelerator began in early 2020 with hundreds of entrepreneurs vying for one of 10 coveted spots.
 
Techstars and Western Union extend a hearty congratulations and a warm welcome to the 2020 Techstars & Western Union Accelerator companies.
 
 
 
 
2020 Techstars Western Union Accelerator Roster
 
 
 
 
AidBanc
 
Little Rock, AR | USA and LA
 
AidBanc empowers NGOs with digital banking and spend management tools to seamlessly disburse aid in an increasingly cashless world.
https://www.aidbanc.com/
 
 
Plentina
 
San Francisco, CA | USA
 
Cloud services provide alternative credit scoring and lending for global financial inclusion.
 
https://www.plentina.com/
 
 
Gig Wage
 
Dallas, TX | USA
 
Gig Wage is a payments platform specializing in independent contractors. Their technology makes it simple, fast and easy to pay, manage, and support contractors.
 
https://gigwage.com/
 
 
Rise Capital
 
Lagos, Nigeria
 
A technology-driven finance company connecting everyday Africans with the best dollar-denominated investment opportunities around the world.
 
https://rise.capital/
 
 
Heights Labs
 
New York, NY | USA
 
AI and network analytics platform for risk, fraud, compliance, and AML/CFT to mitigate risks and threats across the compliance, intelligence, and national security landscape.
 
https://www.heightslabs.com/
 
 
Robbie AI
 
Boston, MA | USA
 
Facial recognition technology through real-time streaming in natural settings.
 
https://robbie.ai/
 
 
Line
 
San Francisco, CA | USA
 
AI-powered technology helps qualified and banked individuals establish credit and access to affordable financial services.
https://www.useline.com/
 
 
Vested Finance
 
Berkeley, CA | USA
 
Investment advisory platform promoting sustainable wealth creation by empowering local Indian investors to go global.
 
https://www.vested.co.in/
 
 
Logicluster
 
San Francisco, CA | USA
 
An Artificial Intelligence powered pricing engine to enable businesses to grow revenue through optimized pricing.
 
https://www.logicluster.com/
 
 
Yunit
 
Oakland, CA | USA
 
Allows users to save money with their friends.
 
https://www.yunit.co/
 
   
WU-G
 
About Techstars
 
Techstars is a global platform for investment and innovation. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and Techstars Community. Techstars accelerator portfolio includes more than 2,200 companies with a market cap of more than $26 billion. www.techstars.com
 
About Western Union
 
The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Our omnichannel platform connects the digital and physical worlds and makes it possible for consumers and businesses to send and receive money and make payments with speed, ease, and reliability. As of March 31, 2020, our network included over 550,000 retail agent locations offering our branded services in more than 200 countries and territories, with the capability to send money to billions of accounts.
 
Additionally, westernunion.com, our fastest growing channel in 2019, is available in over 75 countries, plus additional territories, to move money around the world. With our global reach, Western Union moves money for better, connecting family, friends, and businesses to enable financial inclusion and support economic growth. For more information, visit www.westernunion.com.
 
View source version on businesswire.com: https://www.businesswire.com/news/home/20200714005456/en/
 
Contacts
Western Union
Margaret Fogarty
+1 720-551-3393
Margaret.Fogarty@wu.com
 
Techstars
Ali Donnermeyer
Ali.Donnermeyer@techstars.com
 
Permalink : https://www.aetoswire.com/news/techstars-amp-western-union-accelerator-announce-2020-class-leading-the-future-of-inclusive-finance/en

Go Back

Research Enhances Understanding of the Nutritional and Economic Differences in Soybean Meal from Different Origins

Meta-analysis compares commercial soybean meals produced from different countries, informing the U.S. soybean meal quality advantage and economic benefits.

ST. LOUIS-Tuesday 7 July 2020 [ AETOS Wire ]

 

(BUSINESS WIRE)-- A new meta-analytical study reinforces U.S. Soy’s reputation for being a global leader in quality and nutrient-density. The study, entitled, “Chemical composition, protein quality and nutritive value of commercial soybean meals produced from beans from different countries,” demonstrates that not all soybean meals are created equal and that meal from different countries of origin should be treated individually when formulating swine and poultry diets. The data from this study were then processed by the Nutrient Value Calculator (NVC), a software tool constructed by Genesis Feed Technologies, a company built to bring visibility into feed costs. This cost analysis supported the economic benefits of U.S. soybean meal relative to meal from other origins as a key ingredient in poultry rations.

Dr. Gonzalo Mateos, Professor of Animal Science at the University of Madrid in Spain and study co-author, first presented findings from the meta-analysis at the U.S. Soybean Export Council’s (USSEC) Asia Trade Exchange to 850 U.S. Soy customers and soybean industry representatives. This pioneering compilation of research is the most comprehensive quality review of soybean meal that has ever been conducted, and it gives customers greater clarity around soybean meal quality from different countries of origin. The meta-analysis looked at 18 different studies and 1,944 samples to quantify the relationship between country of origin of the bean and the chemical composition and nutritive value of the soybean meal. Soybeans from the following origins were analyzed: Argentina (ARG), Brazil (BRA), USA (USA) and India (IND).

“One of the main points from the study, is that customers should be using different matrices for the evaluation of the nutritional value of soybean meals of different origins,” said Dr. Gonzalo Mateos, Professor of Animal Science at the University of Madrid, Spain. “If they buy only based on protein or vegetable sucrose content, they may buy a product that is actually lower quality. Therefore, it is important to check all of the values that are related to the nutritive value of the soybean meal before making purchase decisions, which this study addresses.”

The data in this meta-analysis forms a new key pillar of the economic evaluation of soybean meal in global markets. Using the Nutrient Value Calculator from Genesis Feed Technologies, the economic value of U.S. soybean meal can be evaluated in global markets using formulas representative of the regional feed manufacturers. Nutrient values and prices of all the other components of the diet are also used in this calculation. The NVC indicates that U.S. soybean meal is the leading contributor to cost reduction in broiler diets.

“Our company was thrilled to participate in this groundbreaking research conducted by the U.S. Soybean Export Council,” said Peter Schott, CEO and Co-Founder of Genesis Feed Technologies. “We hope that buyers take note of the results, purchase more U.S. soy and see a significant reduction in their feed costs. This NVC analyzes economic nutritional value of soybean meals from different origins to give traders and buyers a platform to connect with nutritionists directly to better inform their feed investments.”

When comparing cost reductions with incorporation of data from the aforementioned meta-analytical study, premiums of U.S. soybean meal range from $14.57 to $23.24 per tonne over Argentine soybean meal and range from $2.48 to $10.26 per tonne over Brazilian soybean meal.

“U.S. soy and soybean meal products offer a price advantage and rank first on a number of important nutritional attributes when compared to other origins, including remarkable amino acid and energy profiles,” said Paul Burke, USSEC’s Senior Director for U.S. Soy Marketing. “This will continue to ensure we deliver a valuable, consistent and more economical product that our customers can count on.”

Soybean meal is an important source of protein for the global feed industry, where it is used in livestock, poultry and aquaculture diets. To meet this demand for animal feed, the farmers that grow sustainable U.S. soy not only care about being a reliable supplier but take pride in providing a high-quality product to their international customers.

“The world’s need for a high-quality protein product like U.S. soybean meal will be critical as our population continues to grow. And U.S. farmers around the country are ready and willing to meet that need,” said Monte Peterson, Chairman of USSEC, board member of the American Soybean Association and soybean farmer in Valley City, N.D. “Our soybean farmers provide a consistent, nutritious and efficient source of protein for both the food and feed sectors. This meta-analysis is important because it shows how U.S. soy is the most high-quality and best economic choice, backed by science.”

To learn more and access a summary of the meta-analysis, click here. And register to watch USSEC’s recorded webinar with Dr. Gonzalo Mateos and Genesis Feed Technologies to hear key insights about the meta-analysis and better understand the nutritional value of U.S. soybean meal as compared to different origins.

ABOUT U.S. SOYBEAN EXPORT COUNCIL

The U.S. Soybean Export Council (USSEC) is a dynamic partnership of U.S. soybean producers, processors, commodity shippers, merchandisers, allied agribusinesses and agricultural organizations working to build preference for U.S. soy throughout the world. Through a global network of international offices and strong support in the U.S., USSEC works to build a preference for U.S. soybeans and soybean products, advocates for the use of soy in feed, aquaculture and human consumption, promotes the benefits of soy use through education, and connects industry leaders through a robust membership program. USSEC is partially funded by the United Soybean Board. Learn more at www.ussec.org.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200706005035/en/

 

 


Contacts

Paul Murphy-Spooner
PmurphySpooner@unitedsoybean.org
515.975.6584

Permalink : https://www.aetoswire.com/news/research-enhances-understanding-of-the-nutritional-and-economic-differences-in-soybean-meal-from-different-origins/en

Go Back

Finsbury, The Glover Park Group and Hering Schuppener to Form One Global Firm

 

NEW YORK-Tuesday 7 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Finsbury, The Glover Park Group (GPG) and Hering Schuppener are joining together to create the preeminent global strategic communications and public affairs consultancy. The new firm, Finsbury Glover Hering, will combine the complementary strengths of three of the world’s most respected advisory firms to counsel chief executives, boards and leaders at public and private companies, leading institutions and nonprofit organizations. The combination formalizes the strategic partnership between the three WPP companies, which was formed by Finsbury and Hering Schuppener in 2016 and which GPG joined in 2017.

At a time when companies and institutions face heightened expectations of purpose and transparency, as well as increased public and stakeholder scrutiny, Finsbury Glover Hering is uniquely equipped to provide integrated, tailored solutions to help organizations navigate the financial, legal, regulatory, societal and stakeholder complexities they must consider in shaping their communications. Clients will benefit from Finsbury Glover Hering’s global network of nearly 700 experts in 18 offices in the world’s major financial, government, business and cultural centers, where the firm builds on strong local foundations forged through decades of experience.

The new firm will lead the industry in:

    Public affairs and issues management, with deep policy expertise, a reputation for results and unmatched networks in the world’s capitals;
    Capital markets communications, having advised on more than 1,500 transactions with a total value of more than $2 trillion over the past decade alone; and
    Corporate, crisis and transformation communications, successfully positioning CEOs and other leaders, steering major public and private companies through high-stakes moments of change and helping launch or re-launch organizations to industry leader status.

Finsbury Glover Hering will launch in early 2021. Finsbury founder Roland Rudd and GPG founder Carter Eskew will co-chair the new firm. Alexander Geiser, Managing Partner at Hering Schuppener, will serve as Chief Executive Officer with the support of seasoned global and regional management teams.

Finsbury Glover Hering will be driven by the highly entrepreneurial spirit that inspired its founder firms and intends to offer equity to recruit, retain and incentivize the best established and emerging talent in communications and public affairs. The management team will be investing in the new firm and will own 49.99% of the company alongside WPP, which will retain a majority interest. Mark Read, the CEO of WPP, will also join the Board of Directors of the newly integrated company.

Mark Read said: “We see in Finsbury Glover Hering a tremendous opportunity to establish a new global powerhouse in the strategic communications industry alongside a very talented and highly respected group of leaders. It also aligns with WPP’s strategy of creating simpler, stronger and more integrated client offers.”

Roland Rudd, co-Chairman and founder of Finsbury, commented: “Each of our firms is best in class and together create a new global standard for strategic advice and communications - we’d like to thank our clients for the trust they have placed in us as individual firms over the last decades.”

“We founded GPG with a highly entrepreneurial spirit, and we’re thrilled that we can now also offer a more sustainable value proposition to future generations,” said co-Chairman Carter Eskew.

CEO Alexander Geiser said: “With one global brand, balance sheet and governance, we are formally implementing what has long been reality for us. One firm, one team.”

The company will be headquartered in New York City, with operations in Abu Dhabi, Beijing, Berlin, Brussels, Dubai, Dublin, Düsseldorf, Frankfurt, Hong Kong, London, Los Angeles, Moscow, Riyadh, Shanghai, Singapore, Tokyo and Washington, D.C.

About Finsbury Glover Hering

Finsbury Glover Hering is a new preeminent global strategic communications advisory firm, headquartered in New York City, with almost 700 multidisciplinary experts across the world’s major financial, government, business and cultural centers. The company was formed through the merger of the leading strategic communications consultancies Finsbury, The Glover Park Group (GPG) and Hering Schuppener. The firm provides combined support in Government Relations & Policy and Advocacy, Corporate Reputation & Leadership Strategies, Crisis & Issues Management, Transaction & Financial Communications as well as Business Transformation, supported by Research and Insights, Digital Strategy, Media Planning and Creative Solutions.

Finsbury Glover Hering serves its global client base from offices in Abu Dhabi, Beijing, Berlin, Brussels, Dubai, Dublin, Düsseldorf, Frankfurt, Hong Kong, London, Los Angeles, Moscow, New York, Riyadh, Shanghai, Singapore, Tokyo and Washington, D.C.

Find more information visit www.fgh.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200707005391/en/

Contacts

Press
USA
Jason Miner
jason@gpg.com
+1 202 295 0118

UK
Dorothy Burwell
dorothy.burwell@finsbury.com
+44 (20) 7251 3801

Europe
Dirk von Manikowsky
dvonmanikowsky@heringschuppener.com
+49 (211) 430 79 265


Permalink : https://www.aetoswire.com/news/finsbury-the-glover-park-group-and-hering-schuppener-to-form-one-global-firm/en

Go Back

American Express, Discover, Mastercard and Visa to Power Global Expansion of Simple, Consistent Digital Checkout Experience

NEW YORK & RIVERWOODS, Ill. & PURCHASE, N.Y. & SAN FRANCISCO-Wednesday 8 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of digital channels and cards. Today, American Express, Discover, Mastercard and Visa announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV® Secure Remote Commerce industry standard – in additional geographies including Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, New Zealand, Qatar, Saudi Arabia, Singapore, United Arab Emirates and the United Kingdom, with others to follow.

Click to Pay aims to make the online checkout simple and secure for consumers across web and mobile sites, mobile apps and connected devices by replacing time-consuming key entry of personal account numbers and information at checkout. The advanced digital checkout solution mirrors the consistent, interoperable checkout experience in physical stores – with one terminal to accept all card payments. Consistent with the goal of interoperability, the vision for the future is that Click to Pay will provide consumers a streamlined experience across any digital checkout environment or network.

American Express, Discover, Mastercard and Visa announced the universal digital checkout solution in the United States in October 2019. Since then, more than 10,000 merchants have been enabling their customers with the option to click to pay including Cinemark, Crate & Barrel, Expedia, Fresh Direct, Jo-Ann Fabric and Crafts, Joseph A. Bank, the marketplace division of Rakuten U.S., Saks Fifth Avenue and SHOP.com, among others. Additional notable merchants around the world that are committed to supporting Click to Pay include Emirates, Mitre 10 (New Zealand) Ltd., Noel Leeming, 1-day, Pizza Hut Australia, The Warehouse, Torpedo7, Ticketek and Warehouse Stationery. For merchants, this checkout solution can help reduce friction during the process of purchasing goods and services, making donations or when manual card entry has historically been needed for online checkout. Merchants can now get access to a single virtual terminal for multiple card brands, meaning a simpler and smoother overall digital checkout experience for consumers.

“Right now, more than ever, demand for fresh food and grocery delivery is at an all-time high, with many new customers trying FreshDirect for the first time,” said Tammy Berentson, chief marketing officer, FreshDirect. “For these new customers, as well as for our loyal following, Click to Pay offers confidence that their transactions will be simple, efficient and secure.”

To grow acceptance beyond existing merchants, each network is beginning work with its payments service providers, gateways and acquirers across the ecosystem to prepare for a streamlined online checkout that supports all participating networks. In the U.S., partners including ACI Worldwide, Aurus, Blackbaud, BlueSnap, Braintree (a PayPal Service), Cybersource, Global Payments, Mastercard Payment Gateway Services and Square are providing their merchants with the option to enable Click to Pay. Additional support for the expansion of Click to Pay comes from international partners including Checkout.com, Noon Payments, SafeCharge and Windcave, amongst others, as the networks roll it out in new geographies.

About American Express

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more about Click to Pay at americanexpress.com, and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, Linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America’s cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposits through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation’s leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company.

About Mastercard (NYSE:MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. www.mastercard.com.

About Visa

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device, for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.

The Click to Pay icon, consisting of a pentagon design oriented on its side with a stylized depiction of a fast forward symbol on the right, formed by a continuous line, is a trademark owned by and used with permission of EMVCo, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200708005300/en/

Contacts
American Express
Melissa Filipek
melissa.j.filipek@aexp.com
212.640.8658

Discover Financial Services
Robert Weiss
robertweiss@discover.com
224.405.6304

Mastercard
Jen Langione
jennifer.langione@mastercard.com
917.408.2941

Visa
Sheerin Salimi
shesalim@visa.com
415.805.5923


Permalink : https://www.aetoswire.com/news/american-express-discover-mastercard-and-visa-to-power-global-expansion-of-simple-consistent-digital-checkout-experience/en

Go Back

FDA Authorizes Marketing of IQOS as a Modified Risk Tobacco Product

NEW YORK-Wednesday 8 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Regulatory News:

The U.S. Food and Drug Administration (FDA) today authorized the marketing of IQOS, Philip Morris International’s (PMI) electrically heated tobacco system, as a modified risk tobacco product (MRTP). In doing so, the agency found that an IQOS exposure modification order is appropriate to promote the public health.

- Today’s decision demonstrates that IQOS is a fundamentally different tobacco product and a better choice for adults who would otherwise continue smoking

- IQOS is the first and only electronic nicotine product to be granted marketing orders through the FDA’s MRTP process

- The FDA authorized the marketing of IQOS with the following information:

- The IQOS System heats tobacco but does not burn it

- This significantly reduces the production of harmful and potentially harmful chemicals

- Scientific studies have shown that switching completely from conventional cigarettes to the IQOS system reduces your body’s exposure to harmful or potentially harmful chemicals.

- The agency concluded that the available scientific evidence demonstrates that IQOS is expected to benefit the health of the population as a whole, taking into account both users of tobacco products and persons who do not currently use tobacco products

- The FDA’s decision further builds on the emerging independent international scientific consensus that IQOS is a better choice than continuing to smoke, and follows the FDA’s April 2019 decision authorizing the commercialization of IQOS in the U.S.

- The FDA’s decision provides an important example of how governments and public health organizations can regulate smoke-free alternatives to differentiate them from cigarettes in order to protect and promote the public health

This decision follows a review of the extensive scientific evidence package PMI submitted to the FDA in December 2016 to support its MRTP applications.

Commenting on the FDA’s announcement, André Calantzopoulos, PMI’s Chief Executive Officer, said:

“The FDA’s decision is a historic public health milestone. Many of the tens of millions of American men and women who smoke today will quit—but many won’t. Today’s decision makes it possible to inform these adults that switching completely to IQOS is a better choice than continuing to smoke. FDA determined that scientific studies show that switching completely from conventional cigarettes to IQOS reduces exposure to harmful or potentially harmful chemicals.

IQOS is a fundamentally different product than combustible cigarettes and must be regulated differently, as the FDA has recognized. Now—more than ever—there is an urgent need for a fundamentally different conversation on a cooperative approach to achieve a smoke-free future. The FDA’s decision provides an important example of how governments and public health organizations can regulate smoke-free alternatives to differentiate them from cigarettes in order to promote the public health.

We are excited that this important decision will help guide the choices of adult smokers in the U.S. The best choice for health is to never start smoking or to quit altogether. For those who don’t quit, the best thing they can do is switch to a scientifically substantiated smoke-free product. As of March 31, 2020, PMI estimates that approximately 10.6 million adult smokers around the world have already stopped smoking and switched to IQOS. We believe that this decision can help to further accelerate the transition of U.S. adults away from cigarettes. We, along with our licensee Altria, are committed to guarding against unintended use and fully support FDA’s focus on protecting youth.

Today’s decision is a result of our ongoing commitment to put science at the forefront as we continue on our quest to replace cigarettes with smoke-free alternatives as quickly as possible.

We look forward to working with the FDA to provide any additional information they may require in order to market IQOS with reduced risk claims.

Harnessing innovations like IQOS to dramatically speed-up the decline in cigarette smoking is the opportunity of this century. Comprehensive, science-based regulation can help to rapidly shift adult smokers who would otherwise continue smoking to better options, while simultaneously guarding against unintended consequences.”

Note to Editor

The MRTP marketing orders were issued pursuant to a 2009 law that empowers FDA to regulate tobacco products, including through oversight of innovative tobacco products.

PMI submitted MRTP applications for the IQOS device and three HeatStick variants: Marlboro HeatSticks, Marlboro Smooth Menthol HeatSticks, and Marlboro Fresh Menthol HeatSticks.

On April 30, 2019, the FDA authorized IQOS for sale in the U.S. through issuance of premarket tobacco authorization marketing orders that deemed the marketing of the product appropriate for the protection of public health.

On March 30, 2020, PMI submitted a supplemental premarket tobacco product application for the IQOS 3 tobacco heating device with the FDA.

Philip Morris International: Delivering a Smoke-Free Future

Philip Morris International (PMI) is leading a transformation in the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smoke-free products to the benefit of adults who would otherwise continue to smoke, society, the company and its shareholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, as well as smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the United States. In addition, PMI ships a version of its IQOS Platform 1 device and its consumables authorized by the U.S. Food and Drug Administration to Altria Group, Inc. for sale in the U.S. under license. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific substantiation, PMI aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. PMI's smoke-free IQOS product portfolio includes heat-not-burn and nicotine-containing vapor products. As of March 31, 2020, PMI estimates that approximately 10.6 million adult smokers around the world have already stopped smoking and switched to PMI's heat-not-burn product, available for sale in 53 markets in key cities or nationwide under the IQOS brand. For more information, please visit www.pmi.com and www.pmiscience.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200707005847/en/

 
Contacts
Corey Henry
Philip Morris International Media Office
T. +1 (202) 679 7296
E. corey.henry@pmi.com


Permalink : https://www.aetoswire.com/news/fda-authorizes-marketing-ofnbspiqosnbspas-a-modified-risk-tobacco-product/en

 

Go Back

Taulia Appoints Christian Lindemann as Director of Supply Chain Finance EMEA

Lindemann to grow Taulia’s presence in the EMEA region

 

SAN FRANCISCO-Tuesday 7 July 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Taulia, the leader in working capital technology solutions has today announced the appointment of Christian Lindemann as Director of Supply Chain Finance EMEA. Christian is based in Switzerland and will be the EMEA region’s Working Capital Solutions Expert. In an all-encompassing role, Christian will use his deep Supply Chain Finance knowledge to support the sales, marketing, and product organizations to further strengthen Taulia’s solutions and presence in the market.

Christian joins Taulia with fourteen years of experience working in the banking and finance industry. He has previously worked at Macquarie Group in the Corporate and Asset Finance division. In 2008, he co-founded a financial services company, SCC Swiss Commercial Capital, which was later acquired by Macquarie Group. Christian holds a Master’s in Management from the University of Fribourg.

Michael Rieskamp, Managing Director, EMEA, “Christian joins us at a critical moment as we are rapidly growing in Europe. He brings a wealth of Supply Chain Finance experience and his leadership will be crucial to helping us strengthen and deliver our unique product offering.”

“The demand for Supply Chain Finance, specifically within Europe, is accelerating and I want to be a part of this journey to help all businesses survive and thrive. I’m looking forward to working with the Taulia team to create the best Supply Chain Finance solution in the market,” states Christian Lindemann.

About Taulia

Taulia is a leading provider of working capital technology solutions headquartered in San Francisco, California. Through a unique combination of its technology platform, people and process, Taulia helps companies access the value tied up in their supply chain by transitioning from inefficient and often manual working capital management practices into technology-led, working capital optimization strategies. Taulia’s vision is to create a world where every business thrives by enabling buyers and suppliers to choose when to pay and get paid. A network of 2 million businesses use Taulia’s technology and the company processes over $500 billion every year. Taulia is trusted by the world’s largest companies including Airbus, AstraZeneca, Nissan, and Vodafone. For more information visit www.taulia.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20200707005062/en/

Contacts

Mary Arrizza
Marketing Communications Associate
mary.arrizza@taulia.com

Permalink : https://www.aetoswire.com/news/taulia-appoints-christian-lindemann-as-director-of-supply-chain-finance-emea/en

Go Back

Mobile Tankers Reconciliation Resolved

DUBAI, United Arab Emirates-Tuesday 7 July 2020 [ AETOS Wire ]

SMETRON Fuel Control System is now in operations on the fuel bowsers and mobile tankers of Wade Adams Contracting, the largest construction company in the UAE.

Smetron just released FCS2, the second generation of their fuel controllers, which utilizes only one flow meter for both IN and OUT transactions. On reports, the single flow meter has two distinct IDs, appearing as though there are two flow meters installed: one to receive fuel and the other to deliver fuel.

Operators can simply choose "IN" to receive fuel to fill the tanker or "OUT" to deliver fuel and fill the customer’s fleet. FCS2 controls the valves automatically without the need for human intervention.

“FCS2 is a response to our customers' needs in mobile fuel-distribution sectors, such as construction companies and fuel suppliers where daily reconciliation of tankers is important to their business” Said Arman Taghian, co-founder and CEO of Smetron. “FCS2 reduces the investment on additional flow meters and minimizes human dependency, errors and delays” He added, “Using SMETRON's cloud-based reporting dashboard, it takes only a few seconds to generate a Reconciliation Report.”

About Smetron

SMETRON has an experienced team of design and field engineers who have dedicated their time and expertise to developing embedded computing systems for precise data acquisition, event detection and online monitoring solutions.

SMETRON’s Linux-based Xi3 platform is utilized in fuel controllers like Fuel-EYE to provide total visibility of the entire fuel-supply chain for Fuel Distributors, Fleet Operators, Construction Contractors and Bulk Fuel Transporters.

Fuel-EYE has a proven record with fuel deliveries in industrial sites and harsh environments of Middle East's leading construction companies such as Wade Adams Contracting and Amana Steel Buildings, as well as international fuel distributors such as Lootah Bio Fuel and Tristar Transport which operate in more than 15 countries.

SMETRON manufactures the best-in-class Industrial Cloud-Connected Fuel Dispensers for high-flow fleet fueling. The RFID-based vehicle recognition system wirelessly authenticates all receiving vehicles and eliminates the possibility of any fuel pilferage.

For more information on Fuel-EYE, please visit https://smetron.com/en/product/fuel_control_system/

Contacts

Middle East Distribution Centre: Dubai Silicon Oasis, UAE - T. +971 527 141444

Factory Sales Manager: Angela Wang, +86 186 6581 6459

Connect with us: connect@smetron.com

Permalink : https://www.aetoswire.com/news/mobile-tankers-reconciliation-resolved/en

Go Back

Virtual Esri User Conference to Explore How GIS Interconnects the World

Economist and UN SDSN President Jeffrey Sachs and National Geographic Society Chief Education Officer Dr. Vicki Phillips Will Discuss the Future of Global Geospatial Technology Engagement and Education

REDLANDS, Calif.-Tuesday 7 July 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Esri, the global leader in location intelligence, today announced that the 40th annual Esri User Conference will be the largest virtual gathering of GIS professionals. Normally held in San Diego, California, the conference will be presented in a completely virtual format and take place July 13–16, 2020. The Esri User Conference brings together technology innovators, executives, educators, scientists, and GIS users seeking to solve challenges in their organizations and throughout the world, using the most powerful mapping and analytics platform on the planet.

This year's conference theme, GIS—Interconnecting Our World, explores how geospatial technology can integrate everything and engage everyone to overcome unprecedented global challenges. Esri founder and president Jack Dangermond will open the conference—which this year will see the Plenary Session span across three days—with his observations on how GIS, the world's nervous system, has never been more interconnected than it is today.

"Through the global COVID-19 pandemic, which has unfolded over the first half of the year, we have seen just how interconnected the systems of the world are," said Dangermond. "GIS plays an important role in moving us forward by connecting these systems among individuals and across national, state, and local governments; private businesses; and society as a whole. Our users facilitate this through an intelligent nervous system that enables everyone to build better outcomes for their communities. They have used GIS to respond to this global pandemic, improve their organizations and communities, and create a more sustainable world."

Conference attendees will hear from thought leaders from around the globe. Dr. Vicki Phillips, executive vice president and chief education officer at the National Geographic Society, will join Dangermond during the Plenary Session. They will discuss the many ways geography and spatial thinking play a vital role in the multidisciplinary education of the next generation. Attendees will learn how Esri and the National Geographic Society are partnering to develop seekers of spatial solutions.

To close out the Plenary Session, world-renowned economist, professor, author, and president of the United Nations (UN) Sustainable Development Solutions Network (SDSN) Jeffrey Sachs will share his vision for how timely data can drive progress on the global UN Sustainable Development Goals. He will discuss the release of a new open-access data platform, SDGs Today, developed in partnership with Esri and National Geographic—and how geospatial science can inspire deeper engagement with information to interconnect society for a more sustainable future.

The Esri User Conference provides an opportunity for GIS professionals to participate in more than 500 activities, including technical workshops, user presentations, and demo sessions. Organizations and individuals from 170 countries and all 50 states are expected to attend the virtual conference.

Attendees will have opportunities for networking, collaboration, and real-time interaction with Esri experts. User presentations and the perennial favorite, the Map Gallery, will be featured digitally. A library of recorded sessions and demos will be available as an ongoing resource after the conference.

The 2020 Esri User Conference is complimentary to attend, and the Plenary Session will be livestreamed to the world for anyone to watch. For more information and to register for the virtual Esri User Conference, visit esri.com/uc.

About Esri

Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, offers the most powerful geospatial cloud available, to help customers unlock the full potential of data to improve operational and business results. Founded in 1969, Esri software is deployed in more than 350,000 organizations including 90 of the Fortune 100 companies, all 50 state governments, more than half of all counties (large and small), and 87 of the Forbes Top 100 Colleges in the US, as well as all 15 Executive Departments of the US Government and dozens of independent agencies. With its pioneering commitment to geospatial information technology, Esri engineers the most advanced solutions for digital transformation, the Internet of Things (IoT), and advanced analytics. Visit us at esri.com.

Copyright © 2020 Esri. All rights reserved. Esri, the Esri globe logo, The Science of Where, esri.com, and @esri.com are trademarks, service marks, or registered marks of Esri in the United States, the European Community, or certain other jurisdictions. Other companies and products or services mentioned herein may be trademarks, service marks, or registered marks of their respective mark owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200707005512/en/

Contacts

Jo Ann Pruchniewski
Public Relations, Esri
Mobile: 301-693-2643
Email: jpruchniewski@esri.com


Permalink : https://www.aetoswire.com/news/virtual-esri-user-conference-to-explore-how-gis-interconnects-the-world/en 

Go Back

Schlumberger Reports on Payments to Governments for the Year Ended 31 December 2019

PARIS-Thursday 2 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Schlumberger Limited is providing the following disclosure pursuant to L. 225-102-3 of the French Commercial Code (“FCC”) , which requires disclosures of certain payments made by Schlumberger Limited and its consolidated subsidiaries (together, the “Company”) to governments for the year ended December 31, 2019 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2019 to governments in Bolivia, Georgia, Morocco, the United Kingdom and the United States in connection with Schlumberger’s extractive activities under the FCC, including its operation of sand and barite mines.

Payments are disclosed in US Dollars. Where a payment or a series of related payments is less than the equivalent of EUR100,000 (USD $111,982) such payments have been excluded (in line with the FCC). Payments made in currencies other than United States Dollars are converted based on the foreign exchange rate at the relevant annual average rate.1

Taxes exclude taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

Year ended December 31, 2019 (USD in thousands)


About Schlumberger

Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 103,000 people as of the end of first quarter of 2020 who represent over 170 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably.

Schlumberger Limited has executive offices in Paris, Houston, London and The Hague, and reported revenues of $32.92 billion in 2019. For more information, visit www.slb.com.

Contacts

Simon Farrant – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited


Permalink : https://www.aetoswire.com/news/schlumberger-reports-on-payments-to-governments-for-the-year-ended-31-december-2019/en

Go Back

Kioxia Holdings Corporation Appoints Michael R. Splinter to Board of Directors

 

TOKYO-Wednesday 1 July 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Kioxia Holdings Corporation, the world leader in memory solutions, today announced the appointment of Michael R. Splinter as an independent director, effective immediately. Mr. Splinter is a 40-year veteran of the semiconductor industry and brings various business and technology experience that will help drive sustainable growth at Kioxia.

“We are excited to welcome Michael to our board during an important time as Kioxia continues to evolve as an independent company,” said Nobuo Hayasaka, representative director, president and CEO of Kioxia Holdings Corporation. “Michael’s unique combination of extensive knowledge of the semiconductor industry and leadership of large, complex organizations make him a great addition to an already deep and experienced board of directors. We look forward to his valuable perspectives as Kioxia enters its next phase of growth.”

Mr. Splinter served as President and CEO of Applied Materials from 2003 to 2012 and as chairman of the board of directors since 2009 until he retired in June 2015, leading the company to record revenue and profits during his tenure. Prior to joining Applied Materials, he served at Intel Corporation as an executive. Mr. Splinter currently serves as an external director of Taiwan Semiconductor Manufacturing Company (TSMC) and as chairman of NASDAQ, Inc. in the United States. Mr. Splinter holds a Master’s degree in electrical and computer engineering, and an honorary Ph.D. in electrical and computer engineering from the University of Wisconsin Madison.

“I am thrilled that Mike is joining the Kioxia board” said Stacy J. Smith, Executive Chairman of Kioxia. “Mike will be a pivotal addition to our board and will add greatly to our quest to build a world class governance structure to couple with our leading technology and position in the industry, and I look forward to working with him as we execute on our ambitious business strategy”.

“I'm excited and honored to join Kioxia's Board and collaborate with my fellow directors and the leadership team to contribute to the company’s mission of uplifting the world with memory,” said Mr. Splinter. “Throughout my career, I’ve had multiple opportunities to help companies grow strategically. I look forward to bringing my expertise and experience to Kioxia as a new board member. ”

About Kioxia Holdings Corporation

Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. The company pioneers cutting-edge memory solutions and services that enrich people's lives and expand society's horizons. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200630005404/en/

Contacts

For More Information
Sam Ghirardello (phone: +81-3-5427-7396, SGhirardello@webershandwick.com)
Satoshi Ito (phone: +81-3-5427-7309, SIto@webershandwick.com)
Weber Shandwick (Tokyo)

Karolis Stravinskas (kstravinskas@webershandwick.com)
Weber Shandwick (New York)

Public Relations
Kota Yamaji (kioxia-hd-pr@kioxia.com)
Kioxia Holdings Corporation

Permalink : https://www.aetoswire.com/news/kioxia-holdings-corporation-appoints-michael-r-splinter-to-board-of-directors/en

Go Back

NMC opens new Royal Medical Centre in Karama, Abu Dhabi

The new premier, multispecialty medical centre is poised to serve the diverse healthcare needs of residents in the Emirate of Abu Dhabi.

Abu Dhabi, United Arab Emirates-Tuesday 30 June 2020 [ AETOS Wire ]

 

NMC Healthcare has recently opened a new Royal Medical Centre. Located in Karama, Abu Dhabi, the centre will provide residents within the community and the surrounding areas access to trusted healthcare services.

NMC Health’s CEO Michael Davis, along with Clancey Po, Director of Corporate Operations Strategy inaugurated the new facility - which is NMC’s third Royal Medical Centres in the Emirate of Abu Dhabi. The new centre is part of NMC Healthcare, an integrated healthcare provider with a network of hospitals, a chain of medical centers, and pharmacies in the country. At present, NMC operates over 200 centres in the UAE.

During the official opening ceremony, Davis said, “We are extremely honored and excited to open yet another branch of our leading multispecialty medical centre to address the ever-changing needs of the community. We are hoping that in the current pandemic scenario, a community centre such as this will act like a front liner allowing government and private hospitals to focus on providing secondary and tertiary level of care. The opening of NMC Royal Medical Centre, Karama is an important milestone in filling the gap for quality healthcare in the respective community.”

The Royal Medical Centre is equipped with advanced Laboratory services and a state-of-the-art Radiology unit that includes ultrasound with color Doppler and X-Ray unit, as well as a 1.5 Tesla MRI machine.

The Centre hosts a team of international consultants and specialists, comprising of over 30 doctors, 35 nurses and paramedics. It provides services in obstetrics & gynecology, pediatrics, general surgery, family medicine, orthopedics, urology, pediatric dentistry, dermatology, ENT, endocrinology, ophthalmology, cardiology with TMT and ECHO, and physiotherapy and is housed with a well-stocked pharmacy.

In an exclusive interview, Po said, "Over the years, NMC has touched many lives by reaching out to different communities by offering a diverse range of state-of-the-art medical services housed in conveniently accessible clinical facilities. This is in continuation of our strategy to develop a robust Hub & Sp​oke model of healthcare delivery. The clinic will efficiently provide patients with access to next level of care across our NMC Hospitals.”

The NMC Royal Medical Centre, Karama, Abu Dhabi is open from 7 am to 11 pm, from Saturday to Thursday and from 2 pm to 10 pm on Friday for specialist consultation and treatment.

 

 


Contacts

SAHARA Communications

Omnia Tarek, Account Manager, +971544301515, +97143298996
o.tarek@saharapr.com / www.saharagcc.com



Permalink : https://www.aetoswire.com/news/nmc-opens-new-royal-medical-centre-in-karama-abu-dhabi/en

Go Back

IDEMIA Appoints Pierre Barrial as President & Chief Executive Officer of the Group

COURBEVOIE, France-Wednesday 1 July 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- The supervisory board of IDEMIA has appointed Pierre Barrial as the new President & CEO of the Group, replacing Yann Delabrière who resumes his previous role as Chairman of the Board. Matthew Cole, who has joined the Group, has taken on Pierre Barrial’s previous position as head of the Secure Enterprise Transactions (SET) division.

Over the last 18 months, IDEMIA has restored its growth and cash generation performance after the creation and successful integration of IDEMIA. Yann, who became President & CEO on October 18th 2018, will now be returning to his role as Chairman of the Board with effect from July 1st, 2020, where he will continue to contribute his strategic and governance insights to the company.

Pierre Barrial will succeed Yann as the Group’s President & CEO. He brings over 25 years’ experience with multinational and multicultural tech companies serving both the government and enterprise sectors. Pierre was in charge of SET, having previously managed IDEMIA’s Mobile Operators then Financial Institutions activities, both today part of the SET division. He has partnered with Yann since the beginning of the year as Deputy CEO. Pierre will become IDEMIA’s Group President & CEO starting July 1st, 2020.

Matthew Cole is appointed as head of the SET division, replacing Pierre Barrial. Matthew brings a wealth of experience in this space, having been President of Cubic Transportation Systems, the leading integrator of payment and information solutions and related services for intelligent travel applications in the transportation industry. He will be based in the US and will sit on the Group Executive Committee, as SET division’s CEO.

Yann Delabrière stated: “After a carefully prepared succession plan, we have chosen a world-class executive, Pierre Barrial, to manage the Group. IDEMIA has demonstrated remarkable resilience since the beginning of this year and our business fundamentals are strong and bode well for the future. On behalf of the Board, I wish Pierre all the very best in his new role.”

Pierre Barrial added: “I’m honored and excited to have been chosen as CEO of the Group. IDEMIA has an extremely committed team of 15,000 employees worldwide and together, we’ll continue to serve our clients regardless of the circumstances. I am also proud to head a company whose purpose, since its creation, is to make the world a safer place, whenever and wherever Identity & Security matter in an increasingly digital world. With recent events, this is more true than ever.”

Matthew Cole said: “I am thrilled and proud to join IDEMIA as CEO of the SET division. I plan to work hand in hand with my teams and Group senior management to bring the company’s strategy and growth targets to fruition.”

About Yann Delabrière
Yann Delabrière is a graduate of Ecole Normale Supérieure and Ecole Nationale d’Administration and has a postgraduate degree in mathematics. He began his career at the Committee of Public Accounts (Cour des Comptes) before working for the French External Trade Minister. He then became Chief Financial Officer for the French export credit agency, COFACE, followed by Printemps Group, before becoming Chief Financial Officer for PSA Peugeot Citroën in 1990 and, from 1998, was Chairman and Chief Executive Officer of Banque PSA Finance and sat on the PSA Peugeot Citroën Executive Committee. In 2007 Yann was appointed Chairman and Chief Executive Officer of Faurecia. From June 2017 to February 2018, he chaired the Zodiac Aerospace executive board. From 2004 to May 2018 he was a director of Cap Gemini, from 2012 to 2016 a director of Société Générale and since March 2017 has been a director of Alstom. He has chaired the IDEMIA executive board since October 2018 having previously chaired the IDEMIA supervisory board for a 10-month period.

About Pierre Barrial
Pierre Barrial graduated from Paris School of Business. He comes with over 25 years experience with multinational and multicultural firms and agencies from a broad array of industries including ICT and security, serving both the public and private sectors. After Pierre joined IDEMIA in 2013, he managed the Group’s Latin American operations followed by the Mobile Operators business, the Financial Institutions business and SET. Previously, Pierre worked in various jobs for Bull Group in South Africa, Italy, Poland and Brazil.

About Matthew Cole
Matthew Cole holds an MBA from Oxford Brookes University and is also Chartered Certified Accountant. In 2003 he joined Cubic Corporation, the world leader in smart and contactless payments for transportation. During his time at Cubic Matthew held several senior finance positions before successfully heading up the company’s Asia-Pacific operations followed by global Strategy and Business Development. In 2015, he became President of Cubic Transportation Systems. Before Cubic Corporation, Matthew held several positions with blue-chip multinational firms including Endemol, British Airways, Mitsui, First Choice and Schlumberger.

About IDEMIA
IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.

For more information, visit www.idemia.com / Follow @IDEMIAGroup on Twitter

View source version on businesswire.com: https://www.businesswire.com/news/home/20200629005779/en/

Contacts

Press:
Hanna Sebbah
idemia@havas.com
+33 (0) 6 63 73 30 30


Permalink : https://www.aetoswire.com/news/idemia-appoints-pierre-barrial-as-president-amp-chief-executive-officer-of-the-group/en 

Go Back

ABB completes divestment of Power Grids to Hitachi

ZURICH -Wednesday 1 July 2020 [ AETOS Wire ]

– Hitachi ABB Power Grids joint venture starts operations

– ABB’s portfolio focused on industrial customers

– Net cash proceeds to be returned to shareholders as planned

(BUSINESS WIRE)-- ABB today reached a significant milestone in the company’s transformation towards a decentralized global technology company, with the completion of the divestment of 80.1 percent of its Power Grids business to Hitachi, as planned.

The divestment allows ABB to focus on key market trends and customer needs such as the electrification of transport and industry, automated manufacturing, digital solutions and increased sustainable productivity.

“Today’s announcement marks an important turning point in the history of ABB. Since announcing our intention to divest Power Grids to Hitachi, ABB has made significant progress in becoming a more customer-focused and simplified organization. We believe Hitachi is the best owner for Power Grids and its next stage of development, building on the solid foundation achieved under ABB’s previous ownership,” said Peter Voser, Chairman of the Board of Directors of ABB. “ABB remains committed to using net cash proceeds from the transaction for a share buyback program. Our goal is to execute this in an efficient and responsible way, taking account of the prevailing circumstances.”

Consistent with ABB’s capital structure optimization program, ABB plans to return to shareholders net cash proceeds of $7.6–7.8 billion from the sale of Power Grids. ABB initially intends to launch a share buyback program of 10 percent1 of the company’s issued share capital shortly after the release of its second quarter 2020 financial results. This represents about 180 million shares, when excluding treasury shares.

The share buyback program will be executed on a second trading line on the SIX Swiss Exchange and is planned to run until the company’s Annual General Meeting (AGM) on March 25, 2021. At the AGM, ABB intends to request shareholder approval to cancel the shares purchased through this program and to announce further details on its ongoing capital structure optimization program. ABB aims to maintain its “single A” credit rating.

“With the divestment, ABB is well positioned for the future with a strong focus on industrial customers. Leveraging our technology leadership and passion for innovation, we will now focus on creating superior value for our customers, employees and shareholders. We will do this by evolving our decentralized business model, strengthening our performance management culture and driving active portfolio management,” said Björn Rosengren, ABB CEO.

ABB is a long-term partner of Hitachi and will initially retain a 19.9 percent equity stake in the joint venture that will operate as Hitachi ABB Power Grids and be headquartered in Switzerland. The joint venture is a global leader in power systems, with annualized revenues of approximately $10 billion and roughly 36,000 employees, serving customers in over 90 countries. The Board of Directors of the joint venture includes Timo Ihamuotila, Chief Financial Officer of ABB, and Frank Duggan, former member of ABB’s Executive Committee. Hitachi ABB Power Grids will be led by Claudio Facchin as CEO.

The transaction terms with Hitachi remain as announced on December 17, 2018, with an enterprise value of $11 billion for 100 percent of the business. ABB has a pre-defined option to exit the retained 19.9 percent shareholding three years after closing.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries. www.abb.com

Important notice about forward-looking information

This press release includes forward-looking information and statements which are based on current expectations, estimates and projections about the factors that may affect our future performance, including the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects”, “believes”, “estimates”, “plans”, “targets”, or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.

 

1 Maximum 10 percent of the company’s issued share capital, including treasury shares

Contacts

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com


Permalink : https://www.aetoswire.com/news/abb-completes-divestment-of-power-grids-to-hitachi/en 

Go Back

18 blog posts

Blog Search

Comments

There are currently no blog comments.