Middle East Live

ZURICH - Wednesday, 26. October 2022 

Survey of the 100 largest companies globally reveals that while 80 percent of boards now have sustainability committees, crucial elements are missing to turn intention into action

(BUSINESS WIRE) -- A report released today by Egon Zehnder, the world’s preeminent leadership advisory firm, has found that while boards are prioritizing sustainability, there is much room for improvement – and getting the right composition, culture, mindset and skills are key for driving environmental, social and governance (ESG) agendas.

The study, “Boards: Stepping Up as Stewards of Sustainability,” which draws on insights from The 2022 Sustainability Board Report, found that just over a quarter of the directors were members of a relevant committee and 45 percent of committees were assessed to be engaged with environmental, social and governance (ESG) issues.

Ahead of COP 27, the study charts a path for boards, finding that diverse boards with a culture of courage, a divergence of skills, and a flexible mindset can extend this focus to put ESG at the core of how they do business.

The report makes four recommendations that would help companies increase their sustainability engagement:

Move ESG to the core of board activities. This requires a board, guided by the chair, to embrace a flexible approach, knowing that plans will change as the journey evolves.

Embrace ESG board education and self-reflection. While training sessions and expert consultations are useful tools at the beginning of the sustainability journey, board members need to take it upon themselves to be curious and stay on top of relevant ESG issues.

Ensure diversity of age and gender to challenge mindsets. The survey found that diversified boards tend to function better than homogenous entities. While there has been improvement in the gender mix, companies would benefit from adding younger people to their boards, to gain a wide range of perspectives.

Shake up culture and board dynamics. Being cognizant of the potential of diverse, courageous, and visionary boards is an important step on the path to sustainability. Boards should challenge current practices and brainstorm new ways of operating with ESG at the core.

“There is a bravery in not accepting incrementalism,” says Jill Ader, chair of Egon Zehnder. “Give boards the option to go far, and then the option to go further, and they’ll likely take the further option.”

For more information on Egon Zehnder’s “Boards: Stepping Up as Stewards of Sustainability,” visit https://www.egonzehnder.com/stewards-of-sustainability.

About Egon Zehnder

Egon Zehnder is the world’s preeminent leadership advisory firm, inspiring leaders to navigate complex questions with human answers. We help organizations get to the heart of their leadership challenges and offer honest feedback and insights to help leaders realize their true being and purpose. Our 560 consultants across 63 offices and 37 countries are former industry and functional leaders who collaborate seamlessly across geographies, industries and functions to deliver the full power of the Firm to every client, every time. We believe that together we can transform people, organizations and the world through leadership.

For more information, visit egonzehnder.com and follow us on LinkedIn and Twitter.

About TSBR

The Sustainability Board Report (TSBR) is an independent not-for-profit project. We aim to showcase different dimensions of sustainable leadership and corporate governance. By developing best practice and thought leadership, our reports help individual leaders, organisations and investors to understand the changing landscape of environmental, social and governance (ESG) preparedness, consciousness and competence.

We collabo­rate with business leaders, non-executive directors, board advisors and academia to create meaningful, actionable, and potent narratives. TSBR also releases an annual report on ESG preparedness of boards of directors of the world’s largest publicly listed companies. Our work has featured in leading business and academic publications and is considered a trusted resource for sustainable leadership and governance insights.

To learn more please visit www.boardreport.org.

Deeper Dive: The Study’s Key Findings

Most boards are aware of the sustainability challenge and are at different stages of engaging with their stewardship roles on driving ESG integration. They do not, however, have the skills and knowledge to fully integrate sustainability into the boards’ activities and responsibilities. Making step changes in how the board functions requires vision and courage.

The findings highlight a link between diversity and ESG engagement, and notably that women and younger board members have a positive effect on corporate sustainability. A sustainability-engaged board also requires the right mix of individuals.

Four actions are identified to increase board maturity on sustainability. These are moving ESG to the core of board activities, rather than being a sideline activity; developing board members through education and exposure; challenging mindsets through increasing diversity; and shaking up board dynamics and culture through ensuring the right blend of individuals on the board.

Individuals differ in terms of their understanding of and engagement with sustainability. Board members may include those with an individual interest or passion in sustainability but are unlikely to drive action; those having some interest in individual sustainability topics or solutions; those who will drive change in the organization; and as those engaging with sustainability as a systemic challenge. Boards increasingly need those further down this “span of influence” to meaningfully integrate sustainability into their activities and decisions. Egon Zehnder‘s stewardship assessment framework can help identify ways in which individuals can bring value to the board.

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Contacts
Stacy Drumtra, Chicago
stacy.drumtra@egonzehnder.com | T: +1 312 260 8974

Martin Klusmann, Berlin
martin.klusmann@egonzehnder.com | T: +49 170 236 0101

-Revenue of $7.5 billion increased 10% sequentially and 28% year on year
-International revenue of $5.9 billion increased 13% sequentially and 26% year on year
-North America revenue of $1.5 billion was flat sequentially and increased 37% year on year
-GAAP EPS of $0.63 decreased 6% sequentially and increased 62% year on year
-EPS, excluding charges and credits, of $0.63 increased 26% sequentially and 75% year on year
-Cash flow from operations was $1.6 billion and free cash flow was $1.1 billion
-Board approved quarterly cash dividend of $0.175 per share

(BUSINESS WIRE) -- Schlumberger Limited (NYSE: SLB) today announced results for the third-quarter 2022.

Schlumberger CEO Olivier Le Peuch commented, “The second half of the year is off to a great start with strong third-quarter results that reflect the acceleration of international momentum and solid execution across our Divisions and areas. Sequentially, we delivered another quarter of double-digit revenue growth and margin expansion, as the pace of growth in our international business stepped up significantly, complementing already robust levels of activity in North America.

“On a companywide basis, sequential revenue grew 10%, by more than $700 million; EPS—excluding charges and credits—increased 26%; pretax segment operating margin expanded 161 basis points (bps) to reach 18.7%; and free cash flow was $1.1 billion. Both EPS—excluding charges and credits—and pretax segment operating margin represent their highest levels since 2015, as we continue to execute on our returns-focused strategy with much success.

“Year-over-year comparisons were exceptional with revenue growing by 28%; EPS—excluding charges and credits—increasing 75%; and pretax segment operating margin expanding 320 bps.”

Revenue growth was led by Well Construction and Production Systems as global activity strengthened—particularly in the offshore and international markets. Schlumberger’s leading position in these markets continues to propel strong and profitable growth in the Core. The quarter was also supported by continued backlog conversion, strong technology adoption, and the growing effects of pricing improvements. Reservoir Performance also grew, while Digital & Integration declined as growth in digital solutions was more than offset by the non-repeat of exploration data transfer fees recorded in the previous quarter.

International Torque Ramps Up as Revenue Exceeds Third-Quarter 2019 Level

Le Peuch said, “Third-quarter revenue was driven by International, which posted 13% growth sequentially and 26% year on year. International revenue also exceeded third-quarter 2019 levels, on a rig count that is still approximately 25% lower than in 2019. This comparison highlights the significant gains we have made in strengthening our market participation and our continued growth potential as rigs mobilize internationally in the quarters to come.”

Sequentially, growth was prevalent across all international areas led by Europe/CIS/Africa and Latin America, which increased 21% and 14%, respectively. This was driven by increased activity and higher pricing in Well Construction, in addition to higher Production Systems sales. Middle East & Asia revenue improved 8% sequentially due to increased multidivisional activity across Asia and higher Reservoir Performance revenue in the Middle East.

Outperforming in our Core—Strong Growth in Well Construction and Production Systems

Le Peuch said, “Our Schlumberger Core continues to perform extremely well as we continue to leverage our global breadth, leading technology portfolio, and pricing improvements to drive top- and bottom-line growth momentum.”

Revenue growth by Division was led by Well Construction with revenue increasing 15% sequentially, outperforming global rig count growth due to strong activity and pricing improvements in the Europe/CIS/Africa and Latin America areas. Similarly, Production Systems revenue grew 14% sequentially on higher product deliveries and backlog conversion, mostly in international offshore basins. Reservoir Performance revenue grew 9% due to higher intervention and stimulation activity, both on land and offshore, particularly in the Middle East & Asia and Europe/CIS/Africa areas. Year on year, revenue from all Divisions experienced double-digit growth, led by Well Construction, which grew 36%.

In relation to margin performance, Well Construction and Reservoir Performance led in sequential margin expansion having posted 403 bps and 209 bps growth, respectively. Year on year, Well Construction margin expanded 635 bps to reach 22%, due to broad pricing improvements and improved operating leverage.

Constructive Energy Fundamentals and a Supply-Led Decoupling of Upstream Investment

Le Peuch said, “While concerns remain over the broader economic climate, the energy industry fundamentals continue to be very constructive. Against the backdrop of the energy crisis and limited spare global capacity, the world faces an urgent need for increased investment to rebalance markets, create supply redundancies, and rebuild spare capacity. All of these are exacerbated by geopolitics and increasing instances of supply disruptions.

“These dynamics and the urgency to restore balance are resulting in a supply-led upcycle, characterized by the decoupling of upstream investment from near-term demand volatility. Furthermore, the need for sustained investments is reinforced by the long-term demand trajectory through the end of the decade and by OPEC+ decisions that are keeping commodity prices at supportive levels.

“Concurrently, we are witnessing a significant commitment from the industry to decarbonize oil and gas, with E&P operators all over the world deploying capital and adopting technologies—including digital—at scale, to reduce emissions. Taken together, we expect these constructive fundamentals and secular trends to support multiple years of growth.”

A Strong Finish in the Making for an Outstanding Year

Le Peuch said, “On a companywide basis, year-to-date revenue increased more than 20%; EPS on a GAAP basis grew 83%; EPS—excluding charges and credits—grew 67%; and pretax segment operating margin expanded 285 bps. I am very proud of these exceptional results delivered by the Schlumberger team as we approach the end of an outstanding year.

“As we close the year, we expect to deliver sequential revenue growth and margin expansion in the fourth quarter.

“To conclude, we have stronger conviction in our strategy and the opportunities across our three engines of growth—the Core, Digital, and New Energy. Constructive market fundamentals for oil and gas, energy security, and the urgency to accelerate the energy transition will support increased investment—in both clean energy technology development and lower carbon oil and gas production. We have positioned the company for long-term outperformance, with a diverse set of opportunities across the entire energy value chain. These technology-led opportunities cover oil and gas, industrial decarbonization, and new energy systems—all supported by digital transformation.

“Recent regulatory decisions and incentives reinforce our view of this compelling investment outlook and our strategic direction. We are prepared to apply our technology, global scale, and industrialization capabilities to lead in this energy landscape and deliver outstanding value for our customers and shareholders.

“I am truly excited about our future as we continue to drive innovation for a resilient and balanced energy system. I look forward to sharing at our upcoming Investor Conference, our views of the industry, revenue growth ambitions, earnings, and returns potential.”

Other Events

On August 30, 2022, Schlumberger, Aker Solutions, and Subsea 7 announced an agreement to form a joint venture to drive innovation and efficiency in subsea production to help customers unlock reserves and reduce cycle time. The agreement will bring together a portfolio of innovative technologies such as subsea gas compression, all-electric subsea production systems, and other electrification capabilities that help customers meet their decarbonization goals. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of 2023.

In October 2022, Schlumberger redeemed $895 million of its outstanding notes, consisting of $600 million of 2.65% Senior Notes and $295 million of 3.625% Senior Notes, both due 2022.

On October 20, 2022, Schlumberger’s Board of Directors approved a quarterly cash dividend of $0.175 per share of outstanding common stock, payable on January 12, 2023, to stockholders of record on December 7, 2022.

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Contacts
Investor Relations Contacts:
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
investor-relations@slb.com

Media Contacts:
Josh Byerly – Vice President of Communications, Schlumberger Limited
Moira Duff – Director of External Communications, Schlumberger Limited
Office +1 (713) 375-3407
media@slb.com

PHILADELPHIA - Tuesday, 25. October 2022 

Evan Tzanis was appointed to the role of Chief Operating Officer
Seth Schulman, M.D. joins as Chief Medical Officer
Conversion of all previous notes into preferred shares
 

(BUSINESS WIRE) -- Neuraptive Therapeutics, Inc., a biotechnology company dedicated to developing novel therapeutics and medical products to address the unmet needs of physicians and patients impacted by peripheral nerve injuries, announced key organizational and financial updates.

Evan Tzanis has been appointed to the role of Chief Operating Officer and Executive Vice President of Research and Development. Mr. Tzanis had served in the role of Executive Vice President of Research and Development since joining Neuraptive in 2019, and will continue to report to Robert Radie, Chairman and CEO. Mr. Tzanis has led the company from a pre-clinical focused company to a clinical staged company with two active INDs cleared and two Phase 2 clinical studies ongoing with Fast Track designation. Additionally, Mr. Tzanis has played an integral role guiding the company through significant organizational transition and fundraising.

In addition, the company has hired Seth Schulman, M.D. as Chief Medical Officer reporting to Mr. Tzanis. Dr. Schulman had previously been consulting with the company. Dr. Schulman is a seasoned drug developer who held roles of increasing responsibility in clinical research from 2004 to 2019 at Wyeth and Pfizer pharmaceuticals, and in 2014, Dr. Schulman became Head of Clinical Sciences Excellence and Innovation in the Global Innovative Pharma Business Unit. Prior to joining Wyeth Pharmaceuticals, Dr. Schulman was a pediatric nephrologist at the Children’s Hospital of Philadelphia (CHOP) and an Associate Professor of Pediatrics and Surgery on the faculty of the University of Pennsylvania School of Medicine. Dr. Schulman has directly overseen hundreds of clinical trials and several product approvals across multiple therapeutic areas including neurology.

“The appointment of Mr. Tzanis to Chief Operating Officer recognizes his successful track record of building high-performing teams and delivering strong results,” said Robert Radie, Neuraptive’s Chairman and CEO. “His expanded role includes oversight and management of manufacturing, quality assurance, regulatory and other key internal company operations.”

“Dr. Schulman is a physician-scientist and clinical and operations leader with extensive experience overseeing and directing end-to-end clinical research and development studies, and I am pleased to have him as part of the Neuraptive team. The appointment of Mr. Tzanis and hiring of Dr. Schulman are aligned to the company's continued progress toward the eventual NDA filing for its lead program, NTX1-001.”

Finally, the company provided a financial update with the conversion of all previous debt into equity. Over $7.5M in notes converted into preferred shares as the company met certain triggering criteria. The company currently has no outstanding debt.

About Neuraptive

Neuraptive Therapeutics, Inc. is a biotechnology company dedicated to developing novel therapeutics and medical products to address the unmet needs of physicians and patients impacted by peripheral nerve injuries. The company is headquartered in Philadelphia, PA. For more information, see www.neuraptive.com.

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Contacts
IR@neuraptive.com
or
+1-484-787-3203

 PHILADELPHIA - Tuesday, 25. October 2022 

Evan Tzanis was appointed to the role of Chief Operating Officer
Seth Schulman, M.D. joins as Chief Medical Officer
Conversion of all previous notes into preferred shares
 

(BUSINESS WIRE) -- Neuraptive Therapeutics, Inc., a biotechnology company dedicated to developing novel therapeutics and medical products to address the unmet needs of physicians and patients impacted by peripheral nerve injuries, announced key organizational and financial updates.

Evan Tzanis has been appointed to the role of Chief Operating Officer and Executive Vice President of Research and Development. Mr. Tzanis had served in the role of Executive Vice President of Research and Development since joining Neuraptive in 2019, and will continue to report to Robert Radie, Chairman and CEO. Mr. Tzanis has led the company from a pre-clinical focused company to a clinical staged company with two active INDs cleared and two Phase 2 clinical studies ongoing with Fast Track designation. Additionally, Mr. Tzanis has played an integral role guiding the company through significant organizational transition and fundraising.

In addition, the company has hired Seth Schulman, M.D. as Chief Medical Officer reporting to Mr. Tzanis. Dr. Schulman had previously been consulting with the company. Dr. Schulman is a seasoned drug developer who held roles of increasing responsibility in clinical research from 2004 to 2019 at Wyeth and Pfizer pharmaceuticals, and in 2014, Dr. Schulman became Head of Clinical Sciences Excellence and Innovation in the Global Innovative Pharma Business Unit. Prior to joining Wyeth Pharmaceuticals, Dr. Schulman was a pediatric nephrologist at the Children’s Hospital of Philadelphia (CHOP) and an Associate Professor of Pediatrics and Surgery on the faculty of the University of Pennsylvania School of Medicine. Dr. Schulman has directly overseen hundreds of clinical trials and several product approvals across multiple therapeutic areas including neurology.

“The appointment of Mr. Tzanis to Chief Operating Officer recognizes his successful track record of building high-performing teams and delivering strong results,” said Robert Radie, Neuraptive’s Chairman and CEO. “His expanded role includes oversight and management of manufacturing, quality assurance, regulatory and other key internal company operations.”

“Dr. Schulman is a physician-scientist and clinical and operations leader with extensive experience overseeing and directing end-to-end clinical research and development studies, and I am pleased to have him as part of the Neuraptive team. The appointment of Mr. Tzanis and hiring of Dr. Schulman are aligned to the company's continued progress toward the eventual NDA filing for its lead program, NTX1-001.”

Finally, the company provided a financial update with the conversion of all previous debt into equity. Over $7.5M in notes converted into preferred shares as the company met certain triggering criteria. The company currently has no outstanding debt.

About Neuraptive

Neuraptive Therapeutics, Inc. is a biotechnology company dedicated to developing novel therapeutics and medical products to address the unmet needs of physicians and patients impacted by peripheral nerve injuries. The company is headquartered in Philadelphia, PA. For more information, see www.neuraptive.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221024005766/en/

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Contacts
IR@neuraptive.com
or
+1-484-787-3203

Edogawa Hospital plans urethral reconstruction center, setting up Boron Neutron Capture Therapy (BNCT) for Cancer treatment.

(BUSINESS WIRE)--Urethral stricture, blocking the passage of urine from the bladder in men, could be solved by BEES-HAUS cell therapy, a novel autologous buccal mucosal cell-based approach as reported by Dr. Akio Horiguchi an eminent urologist. He has confirmed it for easy reproducibility in Japan, and cell engraftment at the site of urethral damage and scarring, the vital step to prevent stricture recurrence. Dr. Dmitriy Nikolavsky (Upstate University Hospital, New York), researching on urethral stricture lauded this feat. Dr. Suryaprakash Vaddi, who reported successful clinical outcome of BEES-HAUS in six patients, moderated their presentation in the XVII NCRM NICHE 2022, international regenerative medicine meet, co-sponsored by Edogawa Hospital.

Incidence of male urethral stricture that increases after 55, despite various treatment approaches such as minimally invasive endoscopic urethrotomy or dilatation and invasive surgical urethroplasty with buccal mucosal patch, is reported with recurrences. A novel polymer scaffold developed by Japanese scientists helped successful relief of urethral stricture through cell engraftment by BEES-HAUS cell therapy. With reconfirmation of cell engraftment both morphologically and immunohistochemically, Edogawa hospital is preparing for a larger study and their data presented in AUA 2022 has now been accepted for publication in Stem Cell Reviews and Reports. JBM Inc., the collaborators who were granted a patent in Japan for BEES-HAUS, have developed an efficient buccal tissue preservation solution, (OPTRACT Method), for transporting cells between the lab and hospital, to support the cell therapy procedure.

The Fujio Cup Quiz of NCRM NICHE 2022 was won by Hasna Firdaus Aryantha & Natasya Emmanuela, Bandung Institute of Technology, Indonesia; Vijaya Harini and Yoghalakshmi Nagarajan of Sri Ramachandra Institute of Higher Education and Research, Chennai, India emerged runners.

Edogawa Hospital, medical tourism & knowledge propagation hub: Congratulating Dr Horiguchi for the accomplishment, Dr Shojiro Katoh, President, Edogawa Hospital, said that their institute will continue inter-disciplinary translational research in addressing such unmet needs. They are establishing Boron Neuron Capture Therapy (BNCT) system, the latest and advanced, targeted cancer treatment and researching on efficient drug delivery systems for better uptake of boron, enabling an effective destruction of cancer cells. BNCT centre will be open for cancer patients from abroad after approvals, he added.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221023005121/en/

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Contacts
 
Samuel JK Abraham
info@gncorporation.com

HONG KONG - Wednesday, 19. October 2022 AETOSWire  

Innovations across form-factors, hybrid work technology, and Metaverse showcased at Lenovo’s flagship annual tech event Tech World ’22 – focused on making life better, work more productive, and the planet more sustainable

(BUSINESS WIRE) -- Lenovo today held its annual global innovation event, Tech World, sharing its vision for the evolution of collaboration across users, spaces, and devices to unlock unlimited possibilities in both real-world applications and the Metaverse. Lenovo unveiled new concepts, solutions, and emerging innovations that will define the way we work, learn, and engage in the digital world. The company also announced its vision for net-zero emissions, honing in on a credible and collaborative blueprint to addressing one of humanity’s greatest challenges.

Lenovo unveiled innovations including the first public showing of rollable proof of concepts for smartphones and laptop PCs. Infusing computing into rollable screens provides productivity, entertainment, and connectivity on a dynamic, adjustable, and larger screen, but on smaller device – addressing customer pain points and improving hybrid working productivity.

Also unveiled was the compelling interactive and physical holographic solution for immersive telepresence communication and teamwork, called Cyber Spaces. As data proliferation continues, Lenovo also showcased how its innovations, empowered by AI with edge computing, are enabling faster data processing at the source of its creation, transforming city streets, precision medicine, and shopping markets.

"Technology is transforming our future workspace and living space into a combination of virtual and physical worlds, enabled by the power of new IT infrastructure which is prevalent, expected and on demand,” said Lenovo Chairman and CEO, Yuanqing Yang. “The power of innovation is not only digitalizing and smartifying all industries but also helping solve humanity's greatest challenges. For that purpose, Lenovo is doubling our investment in R&D to use smarter technology to empower a rapidly changing world.”

At Tech World ‘22, Lenovo unveiled:

Rollable Form Factor Innovations

Lenovo and Motorola unveiled rollable proof of concepts for smartphones and laptop PCs, ushering in a new potential era where this unique form factor enables more content and offers huge possibilities for the future to improve hybrid work and life. Designed to elevate multi-tasking, browsing, and mobile use cases, the new rollable proof of concepts are compact, yet don’t sacrifice screen size – enabling content on screen to be dynamically adjusted to the device as the expandable screen rolls inward into the base of the laptop, and smartphone.

Innovations for Productivity

Lenovo Freestyle app enables universal control and collaboration between a tablet and PC, allowing users to seamlessly pair and transform their tablet into a portable second screen to extend desktop space or a wireless touchscreen for their laptop.

motorola edge smartphones include Ready For Platform, which extends smartphone capabilities to bigger screens and allows for a mobile desktop experience, console-like gaming, content streaming and video chats

Lenovo revealed its Remote Work Enablement solution, which delivers hardware, software, and premium services straight to employees, and allows remote workers to get set up quickly.

Lenovo also presented a future concept called Cyber Spaces, which replicate an immersive face-to-face experience by providing an interactive, physical holographic solution for telepresence communication and teamwork.

Additionally, the event saw new advancements in “virtual personas” or “digital humans,” to address challenges posed by traditional video conferencing, including bandwidth, quality, and privacy.

AI Solutions

Lenovo showcased its Production Decision Engine, which uses AI and big data to address digitalization pain points. Its Supplier 360 identifies, analyzes and mitigates supply chain risks to help plan for ‘what if’ scenarios.

The company also presented its Smart Services solution, which forecasts repair needs and optimizes the network of parts, service engineers and logistics support.

Lenovo demonstrated how its Virtual Classroom solution offers virtual teachers to students, providing personalized tests and recommendations.

The new remote video collaboration solution connects frontline workers with remote experts to perform repair jobs through real time marks.

Vision for Net-Zero by 2050

Lenovo shared its vision for net-zero emissions, and its first step toward that vision with near-term 2030 emissions reduction goals. Lenovo is aligning its emissions reduction goals to the Science Based Targets initiative in both the near and long-term to contribute to the goals of the Paris Agreement.

Lenovo highlighted the innovations that will help it realize its vision for net-zero, and the actions the company is taking across products and manufacturing to lower its carbon footprint.

Guest experts clarified the need for credible standards and collaboration between public and private entities in order to make progress toward a smarter, more sustainable future while clarifying the meaning and importance of net-zero commitments.

Edge and AI technologies Enabling Next-gen Data Processing

Lenovo and VMware announced an MOU for joint Edge and Cloud Innovation Labs, with plans underway to develop co-engineered edge, AI and multi-cloud solutions that will help accelerate business transformation across manufacturing and retail environments.

Lenovo showcased its ThinkEdge series of servers – including SE350 and SE450 – to show how the servers perform well under extreme conditions, with top-performance GPUs to support heavy AI .

Lenovo also presented XClarity, a unified, open cloud software management platform that simplifies IT orchestration, deployment, automation, metering, and support from edge to cloud. The company also showcased its Edge Cloud Platform, which enables various applications across vertical industries as well as its Hybrid Cloud Solution, which covers the full lifecycle of building, migrating, using and managing hybrid cloud.

Additionally, TruScale, an all-inclusive, subscription-based model, has expanded to more customers.

Lenovo also unveiled the findings of its global multi-industry research study of 500 chief technology officers (CTOs). The study uncovered CTO’s viewpoints on how traditional IT will continue to evolve into a ‘New IT’ architecture where client devices, edge computing, cloud computing, network and AI all work together to address common pain points and provide solutions that drive further global digitalization across all industries.

Tech World ‘22 coincides with Lenovo’s global Think30 celebration, honoring 30 years of ThinkPad’s and ThinkSystem’s purposeful design and engineering innovation. Building on this legacy, the company unveiled the broadest enterprise portfolio enhancement in its history, designed to accelerate global IT modernization with the new Lenovo Infrastructure Solutions V3, and celebrated over 200 million ThinkPad devices sold. Lenovo continues to redefine device innovations, including with the recent launch of the new ThinkPad X1 Fold, the next generation of the world’s first foldable PC.

Lenovo Chairman and CEO, Yuanqing Yang delivered the Tech World ‘22 keynote speech and shared insight into how Lenovo’s smarter technology is empowering people everywhere to change their world for the better.

In the keynote, Yang was joined by Lenovo business leaders and leading global CEOs, including Cristiano Amon, President and CEO of Qualcomm; Pat Gelsinger, CEO of Intel; Julie Sweet, Chair and CEO of Accenture; as well as Lisa Su, CEO of AMD, and Arvind Krishna, Chairman and CEO of IBM. Customers and partners including Stefano Domenicali, President and CEO from Formula 1® and Panos Panay, Executive Vice President and Chief Product Officer from Microsoft also discussed the role of Lenovo’s smarter technology in empowering intelligent transformation.

Dr Yong Rui, Lenovo’s Chief Technology Officer, discussed how Lenovo will develop Metaverse tech solutions to empower intelligent transformation. He highlighted how Lenovo’s core technology and innovations across devices, servers, software, and solutions will connect the virtual and physical worlds.

During the main keynote session, Luca Rossi, President of Lenovo’s Intelligent Devices Group, presented new future concepts. From consumer innovations that improve life to productivity and collaboration solutions, new form factors like the rollable laptop PC and smartphone proof of concepts, and even emerging AI and Metaverse solutions like the new Lenovo ThinkReality VRX virtual reality solution will empower future generations as they navigate the digital transformation of our evolving world.

Kirk Skaugen, President of Lenovo’s Infrastructure Solutions Group, presented the evolution of computing everywhere. Kirk discussed the need to immediately harness data across all industries to intelligently transform. Lenovo’s smarter infrastructure is enabling this transformation, via servers, storage, and services. Kirk was joined by leaders from VMware and the Barcelona Supercomputing Center as he showcased how Lenovo is leading AI at the edge to help customers harness the power of the global data growth (expected to double by 2025) happening across today’s changing IT landscape.

Ken Wong, Executive Vice President and President of Lenovo’s Solutions & Services Group, discussed how the role of a CIO has expanded as the world digitizes. Ken also highlighted the value of industrial Metaverse solutions, the importance of digital workspace solutions and how optimizing track management for engineers can improve infrastructure such as public transportation, in real time. Claudia Contreras, Executive Director of Lenovo’s Global Sustainability Services also highlights that Lenovo’s services can help customers work toward their own sustainability goals, no matter where they are in their journey.

Laura Quatela, Senior Vice President and Chief Legal Officer at Lenovo highlighted the ways Lenovo is working toward enhanced sustainability across its product offerings on its journey to net-zero. In addition to sustainable product innovations, Laura shares sustainable improvements Lenovo is making to lead the way in low-emissions manufacturing, as well as Lenovo’s intentions to share and report its progress for a credible, collaborative approach to emissions reduction. These sustainability efforts were bolstered by Yang’s closing announcement of Lenovo’s commitment to a vision for net-zero by 2050.

Visit Lenovo’s Tech World ’22 homepage for full specs, images, and more information.

About Lenovo:

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 75,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com,and read about the latest news via our StoryHub.

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Contacts
Stuart Gill
sgill@lenovo.com

CHICAGO 
(BUSINESS WIRE) -- Stern Pinball, Inc., announces a new state-of-the-art The Mandalorian pinball Topper accessory compatible with the Pro, Premium, and Limited Edition (LE) models of The Mandalorian.

The Mandalorian is a critically acclaimed, Emmy-winning hit original series, streaming exclusively through Disney+. The series follows the travails of a lone gunfighter in the outer reaches of the galaxy, teaming up with key allies and protecting Grogu, while battling dangerous enemies and forces across their journey.

The Mandalorian-inspired Topper accessory introduces exclusive new gameplay features while transporting the player inside the cockpit of the Razor Crest™, using a 3D holographic display in vivid color. New gameplay features include Mandalorian Madness™, a mini wizard mode, and Beskar™ Bonanza, a progressive mode that awards all upgrades in the Foundry™.

The Mandalorian-inspired Topper leverages the Stern Insider Connected™ platform to enhance the gameplay experience. In addition to a player’s username and icon, the topper displays a player’s lifetime Encounter upper mini playfield accuracy percentage, plus lifetime Beskar™ collected for all games played while logged in to their Insider Connected player account. Players can also earn exclusive Insider Connected Achievements. The Topper comes equipped with Competition Mode functionality, displaying all player scores with the current high score being highlighted.

“The Mandalorian-inspired Topper is a game changer for The Mandalorian pinball playing experience,” said Gary Stern, Chairman and CEO of Stern Pinball, Inc. “This innovative and interactive topper will keep players connected with stunning visuals and all new features never achieved through a pinball topper accessory before.”

Pricing and Availability:

Manufacturer’s Suggested Retail Price: $US 1,999

MSRP for sales to USA end-users, before any VAT, GST, Sales Tax, Duties, or other taxes.

The Mandalorian-inspired pinball machines and accessories are available now through authorized Stern Pinball distributors and dealers around the world.

About Stern Pinball, Inc.

Stern Pinball, Inc. is a global lifestyle brand based on the iconic and outrageously fun modern American game of pinball. Headquartered minutes from Chicago’s O’Hare International Airport in the heart of North America, the company creates, designs, engineers, manufactures, markets, and distributes a full line of technologically advanced terrestrial and digital pinball games, parts, accessories, and merchandise. Stern Pinball serves digital, consumer, commercial, and corporate markets around the globe.

Recent Stern Pinball titles include James Bond, Rush, Godzilla, The Mandalorian, Led Zeppelin, Teenage Mutant Ninja Turtles, Stranger Things, Elvira’s House of Horrors, Jurassic Park, Black Knight: Sword of Rage, The Munsters, The Beatles, Iron Maiden, Aerosmith, Ghostbusters, KISS, Metallica, Game of Thrones, The Walking Dead, Star Trek, AC/DC, and Batman. A broad range of players enjoy Stern Pinball’s games from professional pinball players who compete in high-stakes competitions around the globe to novice players who are discovering the allure of the silver ball for the first time. To join the fun and learn more, please visit www.sternpinball.com.

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Contacts
Zach Sharpe
zach.sharpe@sternpinball.com

BALLERUP, Denmark - Friday, 21. October 2022 

Adtralza, a biologic that targets and neutralizes the interleukin (IL)-13 cytokine1, is now approved in Europe for adolescents with moderate-to-severe atopic dermatitis.2
(BUSINESS WIRE) -- NOT FOR DISTRIBUTION IN THE UK OR IRELAND

LEO Pharma A/S, a global leader in medical dermatology, today announced that the European Commission (EC) has extended the marketing authorization for Adtralza® (tralokinumab) to include adolescents aged 12 to 17 with moderate-to-severe atopic dermatitis (AD) who are candidates for systemic therapy.

“Safety is a priority when selecting a treatment option for adolescents living with moderate-to-severe atopic dermatitis, as it can be a chronic and life-long condition,” said Dr. Andreas Wollenberg, dermatologist, allergist, and Professor in the Department of Dermatology and Allergy, Ludwig-Maximilian University of Munich, Germany, and ECZTRA 6 clinical trial investigator. “In the ECZTRA 6 trial, we found the safety and efficacy data of Adtralza to be consistent with adult trials and ongoing long-term safety studies. These findings support the use of this new biologic that specifically targets IL-13 in adolescent patients.”

The approval is based on data from the Phase 3 ECZTRA 6 trial, which evaluated the efficacy and safety of Adtralza (150 mg or 300 mg) monotherapy compared to placebo in adolescents with moderate-to-severe AD who were candidates for systemic therapy.3 The approved dose for adolescent patients is an initial dose of 600 mg followed by 300 mg administered every other week, which is the same dosing as for adult patients.2

“Moderate-to-severe atopic dermatitis significantly impacts the lives of adolescents living with the condition, who cope with the discomfort of itch, the challenges of sleep loss and mental health impacts while also navigating this formative period when they transition to adulthood,” said Korey Capozza, MPH, Founder and Executive Director, Global Parents for Eczema Research (GPER). “This group currently faces limited treatment options, and the addition of more options is a positive development for young people living with moderate-to-severe AD.”

The European Commission decision is valid in all European Union Member States, Iceland, Norway, and Liechtenstein.

“The European Commission’s approval of Adtralza for use in adolescent patients is a demonstration of our relentless commitment to bringing new treatment options to those living with atopic dermatitis,” said Christophe Bourdon, Chief Executive Officer, LEO Pharma A/S. “Today’s announcement enables us to address the unmet needs of a broader patient population as we look forward to working with key stakeholders across Europe to make Adtralza available to adolescent patients who need it.”

About the ECZTRA 6 Trial

ECZTRA 6 (ECZema TRAlokinumab trial No. 6) is a randomized, double-blind, placebo-controlled, parallel-group, multinational 52-week trial, with 289 patients aged 12 to 17 (195 Adtralza patients and 94 placebo patients) in the full analysis set, evaluating the efficacy and safety of Adtralza (150 mg or 300 mg) monotherapy compared to placebo in adolescents with moderate-to-severe atopic dermatitis who were candidates for systemic therapy.3,4

Following a washout period, patients were randomized to subcutaneous Adtralza 150 mg or 300 mg Q2W, or placebo for an initial 16 weeks. Adtralza dosing started with a 300 mg or 600 mg loading dose on day 0 for those receiving Adtralza 150 mg or 300 mg Q2W, respectively.3

At Week 16, patients who responded to Adtralza with an IGA score of 0/1 and/or EASI change of at least 75% from baseline, without use of rescue treatment, were re-randomized to Adtralza Q2W or Q4W for an additional 36 weeks. Patients not achieving primary endpoints at Week 16, those receiving rescue treatment from Week 2 to Week 16, and those meeting other specific criteria were transferred to open-label treatment of Adtralza 300 mg Q2W plus optional mild-to-moderate strength topical corticosteroids.3

About atopic dermatitis

Atopic dermatitis is a chronic, inflammatory skin disease characterized by intense itch and eczematous lesions.5 Atopic dermatitis is the result of skin barrier dysfunction and immune dysregulation, leading to chronic inflammation.6 Type 2 cytokines, including IL-13, play an important role in the key aspects of atopic dermatitis pathophysiology.1

About Adtralza® (tralokinumab)

Adtralza® (tralokinumab) is a high-affinity human monoclonal antibody developed to bind to and inhibit the interleukin (IL)-13 cytokine7, which plays a role in the immune and inflammatory processes underlying atopic dermatitis signs and symptoms.1,2 Adtralza specifically binds to the IL-13 cytokine, thereby inhibiting interaction with the IL-13 receptor α1 and α2 subunits (IL-13Rα1 and IL-13Rα2).1,7

Adtralza is approved for the treatment of adults and adolescents with moderate-to-severe AD in the European Union and approved for adults with moderate-to-severe AD in the United States, Great Britain, Canada, the United Arab Emirates, and Switzerland.2 Adtralza is marketed in the United States under the tradename AdbryTM (tralokinumab-ldrm). Applications to extend the indication of Adtralza/Adbry to adolescents are currently under review with several agencies, including the U.S. Food and Drug Administration (FDA).

About LEO Pharma

LEO Pharma is a global company dedicated to advancing the standard of care for the benefit of people with skin conditions, their families and society. Founded in 1908 and majority owned by the LEO Foundation, LEO Pharma has devoted decades of research and development to advance the science of dermatology, and today, the company offers a wide range of therapies for all disease severities. LEO Pharma is headquartered in Denmark with a global team of 5,800 people, serving millions of patients across the world. In 2021, the company generated net sales of DKK 9,957 million.

References

Bieber T. Interleukin-13: targeting an underestimated cytokine in atopic dermatitis. Allergy. 2020;75:54-62
Adtralza® (tralokinumab) EU Product Information. LEO Pharma; October 2022.
Paller A. Efficacy and safety of tralokinumab in adolescents with moderate-to-severe atopic dermatitis: results of the phase 3 ECZTRA 6 trial. Fall Clinical. Oct. 21-24, 2021. Poster Presentation.
ClinicalTrialsRegister.eu. Tralokinumab Monotherapy for Adolescent Subjects With Moderate to Severe Atopic Dermatitis - ECZTRA 6 (ECZema TRAlokinumab Trial no. 6). Identifier: 2017-005143-33.
Weidinger S, et al. Atopic dermatitis. Lancet. 2016;387:1109-1122.
Boguniewicz M, et al. Atopic dermatitis: a disease of altered skin barrier and immune dysregulation. Immunol Rev. 2011;242(1):233-46.
Popovic B, et al. Structural characterisation reveals mechanism of IL-13-neutralising monoclonal antibody tralokinumab as inhibition of binding to IL-13Rα1 and IL-13Rα2. J Mol Biol. 2017;429:208–19.
 

MAT-60133 October 2022

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Contacts
David Patti
LEO Pharma, Global Product Communications
+1.973.796.7706
DAPAI@leo-pharma.com

LOS ANGELES
Introducing two elegantly designed options for Mac laptops, desktops and external displays

(BUSINESS WIRE)--Belkin, a global consumer electronics leader, today announces the iPhone Mount with MagSafe for Mac laptops, and the iPhone Mount with MagSafe for Mac desktops and displays. These mounts use MagSafe to connect to the iPhone and are elegantly secured to the Mac, and work great with Continuity Camera — a new feature in macOS Ventura that enables Mac customers to use their iPhone as a webcam. The iPhone Mount with MagSafe is perfect for hands-free streaming or chatting, and complements video conferencing apps like FaceTime, and innovative Continuity Camera features like Desk View that come with macOS Ventura.

“Belkin designs beautiful peripherals and innovative accessories for Apple’s incredible lineup of products, and the new iPhone Mount with MagSafe is the latest example,” said Steve Malony, CEO, Belkin International. “Continuity Camera is an incredible feature in macOS Ventura, and we are confident that our premium quality, materials engineering, and industrial design will make the experience for Mac and iPhone users even better.”

Available in two options for Mac laptops and Mac desktops and displays, the iPhone Mount with MagSafe allows users to magnetically attach iPhone to a Mac and use its powerful camera system as a webcam. Both mounts allow iPhone to stay securely in portrait or landscape orientations. Premium finishes and bold design complement the elegant Mac and iPhone aesthetic. In addition, the versatile iPhone Mount with MagSafe for Mac laptops is built with a ring grip for on-the-go usage, or as a convenient kickstand. The robust iPhone Mount with MagSafe for Mac desktops and displays supports adjustable viewing angles from vertical to 25 degrees downward tilt.

Product features:

Holds iPhone securely in place for hands-free streaming or chatting in portrait or landscape orientations
Attaches and detaches to Mac with no special tools required
Keeps Mac safe from scratches and doesn’t interfere with everyday functions
Premium finishes and durable design complement Mac and iPhone setup
Pricing and Availability:

The iPhone Mount with MagSafe for Mac laptops is now available to order for $29.95 USD on apple.com and select Apple Store locations worldwide.
The iPhone Mount with MagSafe for Mac desktops and displays will be coming soon.
Imagery

Hi-res imagery for all products can be found here:
https://www.dropbox.com/sh/cq499je1avuhtld/AAAzUdQ6oAMGueK2C-kq3pcba?dl=0

About Belkin

Belkin is an accessories market leader delivering power, protection, productivity, connectivity, audio, security, and home automation solutions for a broad range of consumer electronics and enterprise environments. Designed in Southern California and sold in more than 50 countries around the world, Belkin creates products that empower people through technology whether at home, at work or on a new adventure. In 2018 Belkin International merged with Foxconn Interconnect Technology to bolster its global influence and remains forever inspired by people and the planet we live on.

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Contacts
Jen Wei
VP of Global Communications and Corporate Development
Comms@belkin.com

NTT’s new 2022 Global Network Report surveyed more than 1,300 enterprise networking professionals globally, uncovering a need for network modernization to enable business growth 

70% of CEOs globally say their level of network maturity is negatively affecting business delivery
72% of top performing businesses already outsource more than half of their network infrastructure
The top trends driving modernization of the enterprise network are: cybersecurity, cloud-native platforms, and the hybrid workplace
94% of business leaders are increasingly looking to partner with a Managed Service Provider or single specialist provider
(BUSINESS WIRE) -- NTT Ltd., a leading global IT infrastructure and services company, has today launched its 2022 Global Network Report, which found that 70% of CEOs believe their network maturity level is negatively affecting their business delivery. The adoption of hybrid, distributed work environments with multiple connected devices is erupting through enterprises but, despite investments, just two in five businesses say they are very satisfied with their current network capabilities. This has resulted in a new era of network modernization, with the majority of executives relying on it to enable business growth (>90%), and support artificial intelligence (AIOps) (91%).

Keeping hybrid environments secure
With distributed hybrid work models presenting far more attack opportunities for malicious actors, the importance of network security has become a major component of network architecture. This has inspired organizations to move to more centralized, cloud-based security solutions and a managed endpoint security model, as well as increasing their investments in network cybersecurity. Most business leaders believe new threats will drive increased security demands for their enterprise network, requiring a deeper level of access control and inspection (93%).

The transformation to network as a service models
Respondents reported that their highest concerns, above even cost, are security, modernization, and access to a full suite of services from their provider. In terms of managing the network, more than 90% of senior executives prefer the network as a service model, citing the flexibility to scale up and down as a major benefit. Additionally, a complexity in deploying effective AIOps and automation solutions, which simplify ongoing network operations but are complex to configure initially, make the network as a service model more attractive.

“Levels of investment in the network have surged, with the results of this research showing many organizations are leaning towards key partners and managed service solutions to fulfil their requirements. This is primarily to drive security and gain access to skills that can both optimize capability and accelerate innovation-based advances,” said Amit Dhingra, Executive Vice President at NTT Ltd. Network Services.

Dhingra concludes, “We are in the midst of a modernization of network services, however, many of the solutions that are currently in play for a minority will become standard within just two years. Instead, organizations should turn their attention to a network as a service model. Businesses should consider security, skills competency, ability to scale, private 5G, and software defined networking when selecting a network service provider. In the long term, blockchain, further AI and automation, AR and VR, quantum networking, 6G and photonic computing will affect how networks are delivered.”

Chris Barnard, Vice President at International Data Corporation (IDC) comments, “As new ways of working drive transformation, high performing enterprises realize the value of investing in strategic technologies – core enterprise networks, 5G, edge and artificial intelligence. To support the networking requirements of emerging digital services and applications, organizations are modernizing their enterprise networks, allowing for more efficient use and management of the networks that underpin their enterprises. Enterprises that have not invested risk negatively affecting their growth opportunities. As the network plays a fundamental role in digital transformation strategies and distributed working and processing, we can expect to see more enterprise network upgrades as technologies such as AI and security defenses are layered on to mainstream enterprise networking. While it can seem complex, service providers such as NTT can evaluate flexible deployment options that drive business value.”

The report concludes with seven considerations for executives to evolve and future-proof their network. Read the full 2022 Global Network Report here.

NTT Ltd. is a leader in the Gartner® Magic Quadrant™ for Enterprise Network Services, Global, positioned highest for both its “Completeness of Vision” and “Ability to Execute” among 18 network service providers.

-ENDS-

Methodology

The report is based on research conducted by Jigsaw Research on behalf of NTT Ltd. across 21 countries in five regions in July and August 2022. The research spanned 16 industry sectors including: retail and wholesale, manufacturing and automotive, financial services, technology and health. The research is based on a sample of network decision-makers/influencers in IT and wider business roles.

About NTT Ltd.

As part of NTT DATA, a USD 30 billion IT services provider, NTT Ltd. is a leading IT infrastructure and services company serving 65% of the Fortune Global 500 and more than 75% of the Fortune Global 100. We lay the foundation for organizations’ edge-to-cloud networking ecosystem, simplify the complexity of their workloads across multicloud environments, and innovate at the edge of their IT environments where networks, cloud and applications converge. We offer tailored infrastructure and ensure consistent best practices in design and operations across all of our secure, scalable and customizable data centers. On the journey towards a software-defined future, we support organizations with our platform-delivered infrastructure services. We enable a connected future.

Visit us at services.global.ntt

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Contacts
Media Enquiries:
Hotwire for NTT Ltd.
Hannah Lock
ntt@hotwireglobal.com