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Blog posts July 2022

Organon and Cirqle Biomedical Enter Research Collaboration and License Agreement for Investigational Non-hormonal, On-demand Contraceptive Candidate

Collaboration continues to expand portfolio in women’s health to help address unmet needs

 

(BUSINESS WIRE)--Organon (NYSE: OGN), a global women’s healthcare company, and Cirqle Biomedical today announced they have entered into a research collaboration and exclusive license agreement for a novel investigational non-hormonal, on-demand contraceptive candidate.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220728005145/en/

“As a leader in contraception, we believe it is critically important to bring forward new options for women, especially in the space of non-hormonal contraceptives, a category preferred by many with limited available options,” said Sandra Milligan, M.D., Organon’s head of Research and Development. “Organon is committed to driving innovation across women’s health and collaborating with companies like Cirqle Biomedical to support early science and bring forward new solutions that address the unmet needs of women.”

Encouraging preclinical research suggests that Cirqle has discovered a method that has the potential to create a temporary barrier to sperm transport by topically reinforcing the existing cervical mucus barrier.

“This collaboration is an important opportunity to advance our preclinical research exploring this asset’s first-in-class potential,” said Frederik Petursson Madsen, Cirqle Biomedical, CEO. “We are excited to join Organon to leverage Organon’s deep expertise in women’s and reproductive health to drive potential change for women who use contraception everywhere.”

Under the terms of the agreement, Cirqle will be responsible for conducting preclinical studies according to the mutually agreed research plan. Organon will obtain exclusive worldwide rights to develop and commercialize the asset. Cirqle is entitled to receive a $10 million upfront payment, potential milestone payments of up to $360 million and royalties based on net sales.

As stated on Organon’s first quarter conference call, to align with views expressed by the US Securities and Exchange Commission, beginning in 2022 Organon will no longer exclude expenses for upfront and milestone payments related to collaborations and licensing agreements, or charges related to pre-approval assets obtained in transactions accounted for as asset acquisitions, from its non-GAAP results. Organon’s financial guidance does not assume an estimate for these expenses associated with business development not yet executed, and accordingly, the $10 million upfront payment was not included in the full year 2022 guidance Organon provided on May 5, 2022. Organon does not plan to update its guidance inter-quarter based solely on these items.

About Cirqle Biomedical

Cirqle Biomedical is a pre-clinical stage life science company with the goal of developing a first-in-class non-hormonal contraceptive that can help address the demand from millions of women for an effective contraceptive with minimal side-effects. Cirqle Biomedical’s approach to contraception is based on engineering mucus to leverage the natural barrier properties of cervical mucus. Cirqle Biomedical was launched in 2019 in Copenhagen, Denmark, with backing from BioInnovation Institute (BII) and Rhia Ventures, a San Francisco-based impact investor dedicated to women’s reproductive health. Cirqle Biomedical’s core ethos is to expand freedom and quality of life for women everywhere. We aim to solve the most prominent unmet medical needs in women’s health by developing groundbreaking user-centric innovations.

About Organon

Organon is a global healthcare company formed to focus on improving the health of women throughout their lives. Organon has a portfolio of more than 60 medicines and products across a range of therapeutic areas. Led by the women’s health portfolio coupled with an expanding biosimilars business and stable franchise of established medicines, Organon’s products produce strong cash flows that will support investments in innovation and future growth opportunities in women’s health. In addition, Organon is pursuing opportunities to collaborate with biopharmaceutical innovators looking to commercialize their products by leveraging its scale and presence in fast growing international markets.

Organon has a global footprint with significant scale and geographic reach, world-class commercial capabilities, and approximately 9,300 employees with headquarters located in Jersey City, New Jersey.

For more information, visit http://www.organon.com and connect with us on LinkedIn and Instagram.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about Organon’s research collaboration and exclusive license agreement with Cirqle Biomedical, the potential for Cirqle Biomedical’s program to produce a best-in-class non-hormonal, on-demand contraceptive, including the effectiveness of and market opportunity for Cirqle Biomedical’s investigational asset, and Organon’s goal of addressing the unmet needs of women. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning. These statements are based upon the current beliefs and expectations of Organon’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include, but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of the ongoing COVID-19 pandemic and emergence of variant strains; the impact of pharmaceutical industry regulation and health care legislation in the United States and internationally; global trends toward health care cost containment; technological advances; new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Organon’s ability to accurately predict its future financial results and performance; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; difficulties developing and sustaining relationships with commercial counterparties; dependence on the effectiveness of Organon’s patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

Organon undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Organon’s filings with the Securities and Exchange Commission ("SEC"), including Organon’s Annual Report on Form 10-K for the year ended December 31, 2021 and subsequent SEC filings, available at the SEC’s Internet site (www.sec.gov).

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220728005145/en/


Permalink
https://www.aetoswire.com/en/news/29072022111
Contacts
Contacts
Organon Media Contacts:

Karissa Peer
(614) 314-8094

Kate Vossen
(732) 675-8448

Organon Investor Contacts:

Jennifer Halchak
(201) 275-2711

Edward Barger
(267) 614-4669

Cirqle Media Contacts:

Onor Wilkinson
ow@cirqle.bio

Cirqle Investor Contacts:

Frederik Petursson Madsen
fm@cirqle.bio

 

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SES and AXESS Networks to Enable Smart Mining with O3b mPOWER

LUXEMBOURG & COLOGNE, Germany & BONN, Germany - Thursday, 28. July 2022 AETOSWire 

AXESS Networks’ customers will benefit from high-performance connectivity networks delivered via SES’s second-generation medium earth orbit satellite communication system

(BUSINESS WIRE)--SES and AXESS Networks (AXESS), a leading provider of satellite connectivity solutions, are accelerating digital transition of the mining industry with SES’s second-generation medium earth orbit (MEO) system O3b mPOWER, the two companies announced today. Under this multi-year, multi-million agreement, the mining sector users will be able to benefit from the cutting-edge low-latency Onshore Energy & Mining mPOWERED connectivity service.

SES’s Onshore Energy & Mining mPOWERED service will provide the highest throughput available from a satellite system and deliver dedicated and carrier-grade networks to AXESS’ customers reliably regardless of their remote locations. O3b mPOWER can deliver up to multiple gigabits per second per site, enabling AXESS’ customers to accelerate the digitalisation of their operations and sites globally, boosting profitability through access to new applications and efficiency, as well as improving staff safety and welfare. SES’s second-generation MEO connectivity service also brings the Cloud closer to the end customers and can enable edge computing to support the use of 5G and IoT in the mining industry.

Simon GattySaunt, Vice President of Networks Sales, Europe, at SES, said, “Transition towards smart mining is already turbocharging profits, and revolutionising industry’s environmental and societal impact. We are proud of the success our partnership with AXESS has already had in facilitating this change, thanks to our multi-orbit GEO and MEO network, and are excited to further accelerate it with the O3b mPOWER service.”

Guido Neumann, President AXESS EMEA said, “This agreement builds on a long and successful relationship with SES, which has helped us to provide our customers with the best-in-class, reliable and resilient connectivity for their operations. As we are seeing a considerable uptake in demand for the carrier-grade solutions globally, but especially in the EMEA and APAC region, we are honoured to play an active role in scaling the digital transition in the mining sector through introducing O3b mPOWER and the Onshore Energy & Mining mPOWERED service.”

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About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over ~8,200 channels and has an unparalleled reach of 366 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

About AXESS Networks

AXESS Networks (AXESS) is a global leader in satellite-based solutions that manages the entire satellite communications value chain with engineering solutions tailored to its customers’ requirements. AXESS was founded in 2019 via the merger of CETel and Axesat, two well-established companies in Europe and Latin America. AXESS operates and owns Teleports in Germany, Colombia, Mexico, Peru, Saudi Arabia and the United Arab Emirates (UAE). It provides turnkey solutions for the individual requirements of its clients from a broad range of industries: Corporate, Energy, Maritime, Telcos, Government, Humanitarian Services and Media. More than 200 AXESS employees serve over 800 clients in 50 countries with deep market understanding. AXESS was awarded as the Independent Teleport Operator of the Year by the WTA (World Teleport Association) in 2021. Further information is available at: www.axessnet.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727006150/en/


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https://www.aetoswire.com/en/news/ses-and-axess-networks-to-enable-smart-mining-with-o3b-mpower
Contacts
 
Suzanne Ong
External Communications, SES
+352 710 725 500
suzanne.ong@ses.com

Corinne Effinger
Communications Manager, AXESS EMEA
+49 2295 90878 38
corinne.effinger@axessnet.com

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UAE’s Dulsco Group Appoints a New CEO for Parisima Talent

Dubai, United Arab Emirates - Wednesday, 27. July 2022 AETOSWire 

Entering a new phase of growth for talent solutions

Dulsco Group, the leading integrated solutions provider across the UAE, has announced the appointment of Tiago Costa as Chief Executive Officer (CEO) for Parisima Talent, the newly acquired talent solutions company.

Formerly, Dulsco’s Chief Operating Officer for Outsourcing & Permanent Placement, Tiago Costa, will now lead Parisima Talent, enhancing the company’s competitiveness for talent solutions in the wider region.   

With 17 years of experience in talent solutions and permanent placement, Tiago Costa has occupied the positions of Board Director, Country Manager and Regional Manager with some of the most prolific global staffing agencies across GCC and Europe.  As COO of Dulsco’s Outsourcing and Permanent Placement Solutions, he was responsible for driving the company’s outsourcing business by positioning Dulsco as a leading provider of professional outsourcing and staffing solutions throughout the UAE and the Gulf region.  In his new role, Tiago, who has a proven track record for developing winning and sustainable growth strategies, will manage the full scope of talent solution services.

Commenting on Tiago’s appointment, David Stockton, CEO of Dulsco, said: “Tiago is a perfect fit for the role since he was already leading our outsourcing and permanent placement business. His extensive operational and executive leadership expertise and hands-on experience will unlock significant value for our company as we grow and develop our outsourcing and permanent placement services in the region.”

“I am honoured to take up this position as CEO of Parisima Talent. I look forward to leading the company through the next phase of its development and growth in the talent solutions space in the wider region.”

Tiago commenced his duties as CEO at Parisima on 18 July 2022.

About Dulsco

Dulsco is a homegrown integrated solutions provider; the Emirati Company has over 14,000 employees and offers services to make the community more productive, efficient, and sustainable, while improving wellbeing and quality of life.

Launched in 1935 as Manpower Solutions provider, Dulsco has grown its business to become a leader in the Environmental Solution and Professional Staffing sectors. Dulsco provides solutions for over 2,500 companies and organisations across the Middle East, and our commitment to our diverse clientele is reflected in its management system certifications such as ISO 9001:2015 for Quality, ISO 14001:2015 for Environment, and ISO 45001:2018 for Occupational Health and Safety.

About Parisima

A strategic talent advisory and delivery business enabling clients to improve their performance through better talent acquisition. Parisima achieves this by implementing world-class talent acquisition functions with the right people and technology or by undertaking the projects directly, allowing clients to fully outsource their challenges.


Permalink
https://www.aetoswire.com/en/news/270720223
Contacts
 

Maria Gilitwala

Maria.Gilitwala@dulsco.com

Tel +971 4 4075310

 

Micheline Macari

m.macari@saharapr.com

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Schlumberger Announces Second-Quarter 2022 Results and Raises Full-Year Outlook

 

  • PARIS - Friday, 29. July 2022

 

 

  • Revenue of $6.8 billion increased 14% sequentially and 20% year on year
  • GAAP EPS of $0.67 increased 86% sequentially and 123% year on year
  • EPS, excluding charges and credits, of $0.50 increased 47% sequentially and 67% year on year
  • Cash flow from operations was $408 million
  • Board approved quarterly cash dividend of $0.175 per share
  • Full-year revenue outlook revised upward to at least $27 billion

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

Second-Quarter Results(Stated in millions, except per share amounts)
 Three Months Ended Change
 Jun. 30, 2022 Mar. 31, 2022 Jun. 30, 2021 Sequential Year-on-year
Revenue

$6,773

 

$5,962

 

$5,634

 

14%

 

20%

Income before taxes - GAAP basis

$1,152

 

$638

 

$542

 

81%

 

113%

Net income - GAAP basis

$959

 

$510

 

$431

 

88%

 

123%

Diluted EPS - GAAP basis

$0.67

 

$0.36

 

$0.30

 

86%

 

123%

       

 

 

 

Adjusted EBITDA*

$1,530

 

$1,254

 

$1,198

 

22%

 

28%

Adjusted EBITDA margin*

22.6%

 

21.0%

 

21.3%

 

157 bps

 

132 bps

Pretax segment operating income*

$1,159

 

$894

 

$807

 

30%

 

44%

Pretax segment operating margin*

17.1%

 

15.0%

 

14.3%

 

212 bps

 

279 bps

Net income, excluding charges & credits*

$715

 

$488

 

$431

 

47%

 

66%

Diluted EPS, excluding charges & credits*

$0.50

 

$0.34

 

$0.30

 

47%

 

67%

       

 

 

 

Revenue by Geography      

 

 

 

International

$5,188

 

$4,632

 

$4,511

 

12%

 

15%

North America

1,537

 

1,282

 

1,083

 

20%

 

42%

Other

48

 

48

 

40

 

n/m

 

n/m

 

$6,773

 

$5,962

 

$5,634

 

14%

 

20%

*These are non-GAAP financial measures. See sections titled "Charges & Credits", "Divisions", and "Supplemental Information" for details.
n/m = not meaningful
 (Stated in millions)
 Three Months Ended Change
 Jun. 30, 2022 Mar. 31, 2022 Jun. 30, 2021 Sequential Year-on-year
Revenue by Division         
Digital & Integration

$955

 

$857

 

$817

 

11%

 

17%

Reservoir Performance

1,333

 

1,210

 

1,117

 

10%

 

19%

Well Construction

2,686

 

2,398

 

2,110

 

12%

 

27%

Production Systems

1,893

 

1,604

 

1,681

 

18%

 

13%

Other

(94)

 

(107)

 

(91)

 

n/m

 

n/m

 

$6,773

 

$5,962

 

$5,634

 

14%

 

20%

       

 

 

 

Pretax Operating Income by Division      

 

 

 

Digital & Integration

$379

 

$292

 

$274

 

30%

 

39%

Reservoir Performance

195

 

160

 

156

 

22%

 

25%

Well Construction

470

 

388

 

272

 

21%

 

73%

Production Systems

171

 

114

 

171

 

50%

 

0%

Other

(56)

 

(60)

 

(66)

 

n/m

 

n/m

 

$1,159

 

$894

 

$807

 

30%

 

44%

       

 

 

 

Pretax Operating Margin by Division      

 

 

 

Digital & Integration

39.7%

 

34.0%

 

33.5%

 

570 bps

 

621 bps

Reservoir Performance

14.6%

 

13.2%

 

13.9%

 

143 bps

 

69 bps

Well Construction

17.5%

 

16.2%

 

12.9%

 

134 bps

 

462 bps

Production Systems

9.0%

 

7.1%

 

10.2%

 

190 bps

 

-114 bps

Other

n/m

 

n/m

 

n/m

 

n/m

 

n/m

 

17.1%

 

15.0%

 

14.3%

 

212 bps

 

279 bps

          
n/m = not meaningful

Schlumberger CEO Olivier Le Peuch commented, “The second quarter marked a significant inflection point for Schlumberger with a strong acceleration of revenue and earnings growth. Sequentially, revenue grew 14%, by more than $800 million; EPS—excluding charges and credits—increased 47%; and pretax segment operating margin expanded 212 basis points (bps). Growth was broad-based, driven by an increase in activity internationally, in North America, and across all Divisions. The quarter was also characterized by a favorable mix of exploration and offshore activity and the increasing impact of improved pricing, resulting in the largest sequential quarterly growth since 2010.

“On a year-over-year basis, revenue grew 20%; EPS—excluding charges and credits—increased 67%; and pretax segment operating margin expanded 279 bps.

Raising Full-Year Outlook

“The strength of our second-quarter outperformance highlights a firmly established growth inflection and our ability to comprehensively participate in drilling and completion activity growth globally. The multiyear upcycle continues to gain momentum with upstream activity and service pricing steadily increasing both internationally and in North America, resulting in a strengthened outlook for Schlumberger.

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Sentient Jet at the Forefront of Sustainability in Private Aviation Industry With Over 300% Emissions Offset Projected For 2022

Industry pioneer and inventor of the private jet card on track for another industry leading effort as unique multi-million-dollar sustainability initiative has offset 291,630 metric tons of CO2 this year, a 17% increase from this time in 2021

(BUSINESS WIRE)--Sentient Jet, a Directional Aviation company and category innovator, is set to surpass its notable 2021 sustainability efforts of offsetting one of, if not the highest amount of emissions of any private aviation company with the first half of 2022 on the rise. As a multi-million-dollar annual investment at no cost to its card owners, Sentient Jet’s strong commitment to sustainability continues to set a new industry standard while offering a more thoughtful way to fly.

Sentient Jet launched its emissions-neutral sustainability initiative at the start of 2021 and promptly achieved the largest emissions offset of any private aviation company, with a 300% offset across 30,000 legs flown through the year.

Sentient’s offsets represent the equivalent of planting 345,000 acres and nearly 5,000,000 trees in the U.S. or providing the energy for an entire average U.S. town for a full year, according to current U.S. Census Bureau estimates for 2021. Sentient Jet’s carbon offset program supports a variety of renewable energy and forest conservation projects around the world and continues to fund projects to mitigate not only CO2 but non-CO2 impact and improve communities globally.

“We chose to focus on a more comprehensive offsetting program, as we knew this was the best method to help reduce the footprint of our client’s flights while also taking definitive steps to reducing emission levels. Within 18 months we’re extremely pleased with the success of this program, but of course we’re always looking for ways to improve and evolve our ongoing sustainability efforts,” said Andrew Collins, President and CEO of Sentient Jet. “We hope Sentient Jet’s sustainability efforts can become an example for what the private aviation industry as a whole can accomplish in terms of making meaningful steps toward reducing overall emissions and prioritizing our planet.”

At the heart of Sentient Jet’s unique sustainability initiative is the company’s investment and partnership with environmental leader 4AIR, the first and only rating system focused on comprehensive sustainability in private aviation. Sentient Jet’s carbon offset program goes beyond traditional aviation sustainability programs by offsetting all aviation emissions, including water vapor, aerosols, and nitrous oxide, which together account for two-thirds of the emissions an aircraft produces when flying.

“Sentient Jet continues to demonstrate true leadership by committing all of its flights to 4AIR’s Emissions Neutral level on behalf of its clients. Sentient goes beyond just carbon neutrality, addressing the impact from CO2 and non-CO2 emissions in a truly comprehensive fashion,” says Kennedy Ricci, President, 4AIR.

Jet Card owners can book by calling (866) 602-0044 or visiting www.sentient.com.

About Sentient Jet

Founded in 1999 with the invention of the Jet Card, and now an integral part of Directional Aviation, Sentient Jet is one of the most innovative private aviation companies across the globe. The Sentient Jet Card offers clients the flexibility and convenience of flying private for their personal and business air travel needs along with a host of unique digital booking tools, including an industry-first with instant, automated text-based booking, a unique sustainability program, and an outstanding service heritage. Sentient Jet is known for its commitment to safety and is guided by an Independent Safety Advisory Board with former FAA and NTSB officials. Sentient Jet’s extensive network of certified operators ensures that clients will always have access to executive aircraft that meet their rigorous standards for safety and quality. Visit sentient.com for more information. You can also follow Sentient Jet on social media platforms, including Twitter, Facebook and Instagram. Download the Sentient Jet Mobile App: iOS | Android.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220725005080/en/


Permalink
https://www.aetoswire.com/en/news/sentient-jet-at-the-forefront-of-sustainability-in-private-aviation-industry-with-over-300%-emissions-offset-projected-for-2022
Contacts
 
Daphna Barzilay
Maverick Creative
daphna@maverickcreative.us

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Unprotected Entry into the Metaverse Brings Accrued Cyber Risks

DUBAI, United Arab Emirates
Enterprises that are considering joining the metaverse bandwagon have been put on high alert against imminent cyberattacks that could expose their valuable data to crippling cyberattacks, data exfiltration and breaches.

As brands get increasingly engulfed in the metaverse, largely driven by the exciting opportunities that this relatively new digital concept presents, IT and cybersecurity experts are seriously concerned that most of them are rushing to establish their presence without a proper cybersecurity strategy.

Metaverse, an attempt to create an immersive virtual world that combines augmented and virtual reality, includes economic and social spaces where users from anywhere in the world can enjoy a wide range of content and experiences.

This, according to cybersecurity experts, also significantly exposes individual internet users and brands that are playing in that space to a plethora of risks that could lead to a surge in cases of account hacking and tampering, phishing and assets theft.

“Metaverse is an exciting and futuristic concept that is creating enormous opportunities for enterprises as well as innovators. However, enterprises that are considering operating in that space should also be weary of the imminent cyber threats that come with new innovation. As soon as digital property in the 3D universe, for instance, becomes of value, cases of account hacking, theft, ransomware and phishing will also increase significantly. Partly to blame will be the lack of a solid cyber protection strategy to safeguard private and confidential information from potential attackers,” said Candid Wüest, VP of Cyber Protection Research at Acronis.

According to the Acronis Cyber Protection Week Global Report 2022, cybercriminals are exploiting the IT complexity to launch catastrophic cyberattacks. With most users still not fully aware of the magnitude of the cyber threats they are facing in the wake of increased metaverse adoption, daily data theft (credit card, identity, passwords, etc.), malware, phishing attacks are likey to increase by 200% by 2024 due to unpreparedness or lack of a cyber protection master plan.  

Main risks
Device security remains high on the cyber protection priority list as platform and device hacking is widely expected to soar as the metaverse uptake also skyrockets. Threats and breaches to devices is likely to worsen and could subsequently also have actual terminal consequences in the physical world.

“For individual users of Metaverse, hacking of metaverse-enabled devices like specific headsets, for instance, can cause seizures, if someone is epileptic. It can also hurt their vision or hearing at least temporarily as well as expose their physical location, and more,” noted Candid Wüest. Metaverse will not have entirely new security issues as it will have the similar issues as the gaming industry. The explosive popularity of gaming, which is arguably the biggest segment of the entertainment industry, with over three billion regular participants, paints a picture of just how lucrative the metaverse can become for cybercriminals based on the number of users it can attract.

Data regulation
The lack of data collection and usage regulation has also emerged as a possible enabler of cyber threats within the virtual reality platform. This, IT security experts warn, could create a myriad of loopholes that cybercriminals could exploit to infiltrate private networks and gain unrestricted access to sensitive data from enterprises and individuals.

With regulation lacking, cybercrime could become the fastest-growing type of crime currently valued at ​​US$1-2 trillion and growing at a faster rate. However, despite the commitment by social media giant Meta that it will invest US$50 million in external research that will primarily focus on privacy and security in the metaverse – including a partnership with the National University of Singapore, to investigate data use – more still needs to be done, especially by enterprises to secure their data.

These safeguard measures include a comprehensive artificial intelligence and machine learning-driven cyber protection strategy combined with vulnerability assessment and penetration testing. Other effective security measures include blockchain technology to identify users; tokens assigned by an organization and use of biometrics in a headset to confirm user identity.

Metaverse warfare
While the concept of a virtual world was developed primarily for social platforms to help them boost engagement, the immersive multi-dimension will also create more opportunities for complex cyber attacks.

“Metaverse for information warfare is now emerging as a real threat that could be used to spread malicious information. Issues such as deep fake news will be more convincing in metaverse, news coverage will get more “gruesome”, and sports and entertainment will feel more real. Emotions will run high – which in theory a weakness used by threat actors, including politically motivated ones,” noted Candid Wüest.

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain-based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on-premises – at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 2,000 employees and offices in 34 locations worldwide. Its solutions are trusted by more than 5.5 million home users and 500,000 companies, and top-tier professional sports teams. Acronis products are available through over 50,000 partners and service providers in over 150 countries and 26 languages.


Permalink
https://www.aetoswire.com/en/news/unprotected-entry-into-the-metaverse-brings-accrued-cyber-risks
Contacts
Melwyn Abraham

melwyn@matrixdubai.com

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HCL Technologies Teams with VMware to Launch a New Dedicated VMware Business Unit

Companies expand efforts to help enterprises accelerate cloud and app transformation

(BUSINESS WIRE)--HCL Technologies (HCL), a leading global technology company, and VMware, Inc (NYSE: VMW) announced the launch of HCL’s dedicated VMware business unit to help enterprises unlock the untapped value of multi-cloud and app modernization. The new unit combines the power of HCL’s CloudSMART Framework with VMware’s Cross-Cloud services to help enterprises accelerate cloud transformation, scale cloud-native platform operations and empower hybrid workforces.

HCL’s new VMware business unit is part of its Strategic Alliance Partner Ecosystem, which leverages the CloudSMART Framework to provide multi-cloud and app modernization solutions. HCL will help enterprises pursue the path of digital dominance by aligning transformation with overall business objectives while remaining agile through cloud freedom and enterprise control enabled by VMware product and service offerings.

“We are in a macroeconomic environment where ecosystems must collaborate to provide innovative and effective solutions that the industry requires,” said Anand Swamy, Senior Vice President, Head of Tech OEM Ecosystems, HCL Technologies. “Our new VMware business unit leverages the HCL and VMware synergies to incubate, construct and architect innovative, customized cloud implementation strategies with our CloudSMART approach as the baseline.”

“Today, we are witnessing the unstoppable forces of digital transformation in almost every industry, and VMware is providing the trusted foundation to accelerate customers’ innovation,” said Zia Yusuf, Senior Vice President, Strategic Ecosystem and Industry Solutions, VMware. “With HCL, we are helping our mutual customers by providing the smartest path to app, cloud and edge modernization and a more secure, frictionless experience for the distributed workforce. VMware preserves customer choice and protects against lock-in through multi-cloud services that offer businesses the freedom and flexibility they need to build the future.”

Over the past 14 years, HCL and VMware have driven successful client outcomes with services and solutions built for the modern enterprise. HCL has more than 8,000 professionals trained on VMware technologies, manages three VMware centers of excellence and has created four cloud-native labs. These dedicated environments and resources help customers accelerate the deployment of VMware solutions and allow enterprises to experience next-generation VMware technologies. Recently, HCL won the VMware 2022 Partner Value Award for delivering business growth through VMware solutions and providing customers with high-value results and support. VMware and HCL Technologies also recently announced efforts to deliver Telco transformation powered by vRAN, ORAN & 5G.

About VMware

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit www.vmware.com/company.

VMware and VMware Cross-Cloud are registered trademarks or trademarks of VMware, Inc. in the United States, and other jurisdictions. This article may contain hyperlinks to non-VMware websites that are created and maintained by third parties who are solely responsible for the content on such websites.

About HCL Technologies

HCL Technologies has a broad focus across the key themes of digital, engineering, and cloud. The organization offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations, and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry-specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities, and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare, and Public Services.

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability, and education initiatives. For the 12 months ended June 30, 2022, HCL had consolidated revenue of US$ 11.79 billion. Its nearly 211,000 ideapreneurs operate out of 52 countries.

For more information, visit www.hcltech.com

 

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Contacts
 
For further details, please contact:

HCL Technologies

Meenakshi Benjwal, US
meenakshi.benjwal@hcl.com

Elka Ghudial, Europe
Elka.ghudial@hcl.com

Devneeta Pahuja, India and APAC
Devneeta.p@hcl.com

VMware, Inc.

Roger T. Fortier
VMware Global Communications
+1 408-348-1569
rfortier@vmware.com

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Truck Safety Matters - Multi Party Campaign

-ITC Abu Dhabi, Al Masaood, Bridgestone, RoadSafetyUAE team up
-Summer heat poses a key challenge for truck tyres, truck drivers
-More than 250 truck tyres checked
-2% tyres under-inflated, 7% over-inflated
-6% tyres damaged
-8% valves not accessible
-42% tyres need to be rotated
-43% valve dust caps missing

The UAE summer heat poses challenge to truck tyres and truck drivers. Truck tyre debris is a common sight on UAE roads. This means danger to the trucks itself, but also to oncoming traffic. Truck drivers are exposed to high temperatures posing often difficult working conditions.

To check tyre safety in Abu Dhabi and to show appreciation to truck drivers, Integrated Transport Centre in Abu Dhabi, Al Masaood, Bridgestone and RoadSafetyUAE teamed up for a multi-party initiative. The main goal of this initiative is to improve the awareness about tyres among truck drivers through conducting a visual check of truck tyres condition and an interactive awareness campaign. This event is the first in a series of such events to be held by the campaign partners in the coming quarters.

At Abu Dhabi’s Mussafah truck weighing station the initial activation yielded in a total of 276 truck tyres checked, with 2% showing dangerous levels of under-inflation and 7% of over-inflation. Even more dangerous, 6% of tyres were damaged and 8% of tyre valves were not even accessible. Tyre rotation (from front to back and left to right) can play an important role in extending the life time of a tyre and 42% of tyres need this kind of re-mounting. Valves are vital to keep tyres pressurized and valve caps are crucial to prevent valves to malfunction, hence the surveyed 43% of missing valve caps are unsatisfactory.

In addition to the tyre checks, 75 truck drivers have been given tire safety awareness sessions about the importance of properly inflated tyres, the connection of tyre pressure to load, speed, increased outside temperature and the resulting inside tyre temperature, what kind of precaution drivers have to take to avoid the tyre blast and much more. Sumaya Saeed Al Neyadi, Section Head of Road Safety in ITC Abu Dhabi explains: "ITC is committed to improve road safety in line with the vision of the authorities of Abu Dhabi and of UAE Federal level, and this initiative of truck safety is a particular interest to ITC and the society of the UAE. We believe in the contribution of Public Private Partnerships in achieving the objective of Vision Zero Strategy aiming to eliminate the fatalities on Abu Dhabi’s roads, and we are looking forward to upcoming such joint effort in the near future."

Salah Adib, General Manager, Al Masaood Tyres, Batteries and Accessories Division states: “Al Masaood is a leading player in Abu Dhabi’s automotive sector, and we have taken this initiative as a logical extension of our business to help address some of the day-to-day road safety challenges that drivers in the Emirate face. The quality and use of a tyre plays a significant role in fuel consumption and truck emissions due to its rolling resistance. The effectiveness and road handling of tyres, and therefore their safety, performance, ride comfort, and stability on loose or wet roads is influenced not only by their age and wear and tear, but also by inflation pressure. With the correct inflation pressure, tyres will work better, wear less and improve vehicle fuel consumption as result of a lower rolling resistance.”

Stefano Sanchini, Regional Managing Director, Bridgestone Middle East and Africa: "Proactive tire maintenance is crucial, in order to help fleet owners maximize uptime. Wheels and components of commercial motor vehicles are essential for braking systems, as well as supporting the heavy loads by maintaining stability and control. Routine inspections help enhance safety, while also improving profitability, especially with off-the-road tires and rims/wheels, which require maintenance by operators before every shift. We believe this collaborative effort will aid the industry in educating technicians and drivers about the requirements for truck tire inspections set forth by the authorities. Bridgestone is committed to ensuring the transportation sector's safety, as well as delivering superior mechanical and operational excellence. In keeping with this vision, we continue to encourage fleet owners, operators, and other industry personnel to promote safety in our sector."

Thomas Edelmann, Founder & Managing Director of RoadSafetyUAE adds: “Truck, truck tyres and truck drivers’ safety are obviously key components of UAE’s road safety. Hence, we are delighted with the commitment of ITC, Al Masaood and Bridgestone to kick-start a long-lasting campaign series with this inaugural event. It is vital to control truck tyres on a regular basis, to educate truck drivers and to show them our appreciation for their hard work.”

About Al Masaood TBA: 

The Al Masaood Tyres, Batteries & Accessories Division (TBA) is part of Al Masaood Group, a highly diversified group of companies and an icon in the UAE’s automotive industry. TBA is the authorised distributor of the complete Bridgestone and Trazano Tyre range for cars, trucks, industrial, agricultural and earth mover vehicles in Abu Dhabi, Al Ain, and the Western Region.

Al Masaood TBA operates several Bridgestone FirstStop outlets across Abu Dhabi, Al Ain, and the Western Region. FirstStop is Bridgestone’s Tyre and Auto-Care retail chain, that was first established in Europe in 1994. The Division is also the exclusive distributor of TotalEnergies branded lubricants in Abu Dhabi, Al Ain, and the Western Region, and has an established a chain of "Rapid Oil Change" centres within its FirstStop outlets to offer services such as tyre change and brake replacement.

The Division was awarded the Gulf Cooperation Council Distributor of the Year by the Bridgestone Corporation on many occasions. Sales and distribution are achieved through an appointed dealer network which is supported by the division's own showrooms in Abu Dhabi, Al Ain and Mussafah. A centralised warehousing and logistics operation ensures that products are always available to the dealers.

For more information about our products, and services, visit www.masaoodtba.com You can also follow us on Facebook, Instagram, and LinkedIn.

About Bridgestone in Europe, Middle East, India and Africa:

Bridgestone in Europe, Middle East, India, and Africa (Bridgestone EMIA) is the regional Strategic Business Unit of Bridgestone Corporation, a global leader in tyres and sustainable mobility solutions.

Headquartered in Zaventem (Belgium), Bridgestone EMIA employs more than 20,000 people and conducts business in 40 countries across the region.

Bridgestone offers a diverse portfolio of premium tyres, tyre technologies and advanced mobility solutions. The company’s vision is to provide social and customer value as a sustainable solutions company. The Bridgestone E8 Commitment is a broad, global corporate commitment that clearly defines the value the company is promising to deliver to society, our customers and future generations in eight focus areas; Energy, Ecology, Efficiency, Extension, Economy, Emotion, Ease and Empowerment. These provide a compass to guide strategic priorities, decision making and actions throughout every area of the business.

For more information about Bridgestone in EMIA, please visit www.bridgestone-emia.com and www.press.bridgestone-emia.com. Follow us on Facebook, Instagram, YouTube and LinkedIn.

About RoadSafetyUAE:

RoadSafetyUAE’s vision is to contribute to reducing the number of road traffic fatalities, injuries and accidents in the UAE. RoadSafetyUAE’s mission is to raise the awareness for proper conduct on our roads, in an engaging manner and on a broadly communicated and permanent basis. RoadSafetyUAE’s award-winning platform engages with the stakeholders traffic participants, governmental entities, the media, and corporate social responsibility (CSR) minded partners. ‘Tips & Tricks’ are the content backbone, provided for more than 60 topics of road safety, all specifically relevant to the UAE. More information can be found on www.RoadSafetyUAE.com


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Contacts
Thomas Edelmann, Founder and Managing Director, RoadSafetyUAE

Thomas@RoadSafetyUAE.com

Mob: +971 50 55 19 216

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Ookla Acquires CellRebel

SEATTLE - Thursday, 28. July 2022 

Together, Ookla and CellRebel will bring enhanced consumer network experience insights to the global telecommunications marketplace.

(BUSINESS WIRE)--Ookla®, a leader in global connectivity intelligence, has acquired CellRebel, an independent company focused on helping operators and other telecommunications companies improve mobile networks worldwide. Together, Ookla and CellRebel will bring enhanced consumer network experience insights to the global telecommunications marketplace.

“The complexity of modern networks demands diversified streams of data to fuel holistic insights on performance, quality, and accessibility,” said Doug Suttles, founder and CEO of Ookla. “It is vital that we understand more about consumer experiences with networks, and CellRebel brings billions of daily data points with innovative analytical views to help fulfill this need worldwide.”

Along with robust localized network experience data, CellRebel brings sophisticated data visualization capabilities to support mobile network performance and optimization use cases, and a host of novel real-world consumer experience measurements to Ookla’s portfolio.

“We are beyond thrilled to join Ookla and their mission of improving connectivity for everyone,” said Tibor Rathonyi, CellRebel’s founder and CEO. “Ookla’s brand, technology, and presence in the market, combined with CellRebel’s advanced analytics use cases, mass-scale network quality measurements, and user experience data, will position us with must-have solutions for any telecom company building the networks of both the present and the future.”

About Ookla®

Ookla® is a global leader in network intelligence and connectivity insights. For almost two decades, Ookla has set the industry standard for both fixed and mobile network testing and analysis. From its world-renowned Speedtest® and Downdetector® platforms to an accompanying and growing suite of end-to-end enterprise solutions, Ookla’s mission is to make the internet better, faster, and more accessible for everyone.

Ookla’s enterprise solutions combine first-party crowdsourced data and scientifically controlled testing with tools that provide actionable insights across a network’s lifecycle and customer experience. Our insights empower operators, businesses, government agencies, nonprofits, and more to analyze, optimize, and publicize networks around the world.

Ookla is part of Ziff Davis (NASDAQ: ZD), a vertically focused digital media and internet company whose portfolio includes leading brands in technology, entertainment, shopping, health, cybersecurity, and martech. Ookla’s headquarters is located in Seattle, WA, USA with additional offices around the world.

Visit Ookla.com for more information.

About CellRebel

CellRebel is a Swedish company in the telecom industry offering a unique analytics platform that helps network operators, their related service providers, and application developers to better understand and improve customer experiences and network quality globally.

CellRebel technology delivers enhanced competitive intelligence, benchmarking capabilities, and actionable insights based on 100+ billion daily data samples gathered from 10,000+ content/app providers, 800+ CDN/Cloud providers, and 1+ billion smartphones.

Visit CellRebel.com for more information.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005067/en/


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Contacts
 
Adriane Blum
VP, Communications at Ookla
press@ookla.com

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The Japan Sanitary Equipment Industry Association: Warm Water Spray Seat Shipments Reach 100 Million Units in Japan

Promoting Rear Cleansing Culture for More Than 50 Years

-Evolving for Cleanliness, Comfort, and Efficiency to Contribute to Comfortable Restroom Culture-

(BUSINESS WIRE) --The Japan Sanitary Equipment Industry Association, which is composed of Japanese companies engaged in the manufacturing of toilets (Headquarters: Nagoya, Aichi, Japan. President: Noriaki Kiyota [President & Representative Director of TOTO Ltd.], hereinafter “Association”) is proud to announce that the number of warm water spray seat shipments since the industry began tracking statistics (1987) has reached 100 million units as of June 2022.

The Road to 100 Million Units

The start of importation and sale of toilets and toilet seats with warm-water washing functionality into Japan in 1964 sparked major changes of “washing bottoms” in Japanese toilets. At first, sales were targeted towards medical facilities, and use was not widespread. Later, domestic production began, and companies launched initiatives including product development and improvement, and sales promotions to encourage use in common households. Eventually, more Japan residents grew to recognize these products after a TV commercial in 1982. Once people experienced the comfort of a warm toilet seat and the refreshing satisfaction of rear cleansing, they were unable to live without it. Good reputations spread, and these products finally became accepted by the general public.

Association member companies have been working continuously to evolve these products and to promote further use, by making new proposals and implementing updates that reflect consumer needs across multiple aspects, including function, comfort, hygiene, design, and energy efficiency. Currently in 2022, usage rates in general households have surpassed 80%, which means that it can finally be said that these products are estimated to be used in the majority of general households with flushable toilets. Likewise, because warm water spray seats have a good reputation for comfort, they have also been widely adopted for use in public places such as office buildings, commercial facilities, hotels, trains, and train stations.

Must-Have Item for Japanese Bathrooms

According to an awareness survey conducted by the Association in 2022 among warm water spray seat users in Japan, the main reason for use was “It’s sanitary and feels good to use.” In addition, 97% of the respondents would like to continue to use the warm-water washing toilet seats, indicating that once they use them, they find it so comfortable that they will not want to give them up.

Meanwhile, outside of Japan, demands are growing in other countries across the Americas, Europe, Asia, and the Middle East in recent years as interest in hygiene continues to rise, and the international market for warm water spray seats continues to expand every year. In particular, a sudden rise in demand was seen in North America in 2020, stoking anticipation for wider usage in the near future.

The Association and its members, Japanese manufacturers of warm water spray seats, are dedicated to making real improvements in restroom culture worldwide through the wider usage of sanitary and comfortable warm water spray seats in every country.

Awareness Survey for Warm Water Spray Seat Users

Survey Method: Online questionnaire
Survey Targets: Users of warm-water washing toilet seats, aged 10 to 79, living in Japan, 150 respondents for each age group, total of 2,100 respondents
Survey Period: February 4, 2022 (Friday) to February 7, 2022 (Sunday)

[ Survey Results Summary ]

The main reason for use was “It’s sanitary and feels good to use.”
When asked why they use warm water spray seats, most respondents said “It removes waste well and keeps me clean” (82%) and nearly half of respondents said “It feels good and refreshing” (48%).

97% of respondents said “I want to continue using it.”
Regarding their intention to continue the use of warm-water toilet seats in the future, 86% of respondents said they would like to continue to use them, and 11% said they would rather continue to use them.

Learn More About the Japan Sanitary Equipment Industry Association

The Japan Sanitary Equipment Industry Association is an industry organization made up of toilet equipment manufacturers that handle products such as sanitary fixtures (large and small toilets) and warm-water washing toilet seats.
The Japan Sanitary Equipment Industry Association operates the JAPAN TOILET INFORMATION website, which is dedicated to providing information on toilet conditions in Japan (usage, signage, etc.) for foreign visitors to Japan.
(https://www.sanitary-net.com/utsukushitoilet/en/)

[ Member Companies (As of June 2022, in alphabetical order) ]

Aisin Corporation, Asahi Eito Co., Ltd., Janis Ltd., Lixil Corporation, Panasonic Holdings Corporation, SAN-EI Faucet Mfg Co., Ltd, Toshiba Lifestyle Products & Services Corporation, TOTO Ltd.

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Contacts
Contact Information for Inquiries
The Japan Sanitary Equipment Industry Association, Tokyo Office
5F Kokuho 21, 2-29 Ichigaya Tamachi, Shinjuku-ku, Tokyo
Website: http://www.sanitary-net.com/global/
e-mail: mail@sanitary-net.com

 

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Servify Secures SOC 2 Type II Certification

Strengthens Its Commitment to Data Compliance and Security

(BUSINESS WIRE)--Servify, a global product lifecycle management platform, has successfully received the internationally acclaimed System and Organization Controls 2 (SOC 2) Type II certification. This achievement reflects Servify’s commitment to the highest levels of data compliance and security.

Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 Type II report on Servify, verifies the existence of internal controls which have been designed and implemented to meet the requirements for the security principles set forth in the Trust Services Principles and Criteria for Security. It provides a thorough review of how Servify’s internal controls affect the security, availability, and processing integrity of the systems it uses to process both partner and it’s users’ data, along with confidentiality and privacy of the information processed by these systems.

Servify passed the audit evaluation in less than three months, solidifying its pledge towards data compliance and security. The audit was conducted independently by one of the Big 4 auditing firms.

"We have been committed to maintaining the highest security standards and this is fundamentally aligned with our vision in terms of what we want to do for consumers. As we scale rapidly, we are poised to protect all clients and their consumer data stored through security best practices. Securing SOC 2 Type II certification further solidifies Servify’s vision of enabling secure and genuine after-sales services for top brands around the world,” said Seema Sharma, Head of Information Security & Data Privacy, Servify.

About Servify

Servify runs a Product Lifecycle Management Platform for top OEMs globally, helping their consumers buy products affordably, protect their products during usage and/or extend coverage, and help seamlessly exchange/upgrade during the end of life. Started in 2015, India Headquartered Servify works with over 50 top global OEMs such as Apple, Samsung, HP, OnePlus, Vivo, Xiaomi etc in multiple geographies as their partner enabling these services in a white-labelled offering. The Servify platform processes more than 3 million transactions monthly, with 250k+ Platform users spread across retailers, service centres, contact centres and administration teams worldwide serving millions of consumers.

Additional information on Servify is available at www.servify.tech


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Contacts
 
Debapriya Ghosh Biswas
Director - Marketing
+91-9833086156; debapriya.g@servify.tech

Rethu Panicker
Senior Manager - Corporate Communications
+91-9867181043; rethu.p@servify.tech

 

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The Coretec Group Highlights 2022 Milestones and Outlines Strategy for the Remainder of the Year

The Company has spent the first half of the year developing its Endurion battery program and positioning itself for corporate growth

(BUSINESS WIRE) --The Coretec Group, Inc. (OTCQB: CRTG), developers of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for cleantech and emerging tech applications, provides a corporate update that reflects on 2022 milestones and lays out objectives for the remainder of the year, as the electric vehicle and battery markets continue to grow at a rapid pace, creating exciting opportunities for the future.

Coretec has devoted significant time toward developing its Endurion battery program, one that applies the company’s expertise in engineering silicon to develop a novel, silicon-based active anode material intended for fast-charging, improved cycling and increased energy density in lithium-ion batteries. The Company’s first step in that effort includes the development of a lithium-ion battery prototype with their active material. In February, the Company opened its own, fully operational laboratory, giving them the flexibility to innovate and develop various paths to the creation of these silicon anodes.

Coretec also added to its team Research Scientist Dr. Nathanael Downes, a PhD in Inorganic Chemistry from the University of Michigan, whose expertise in silicon and inorganic synthetic chemistry make him a perfect fit for the Endurion project. Dr. Downes and The Coretec Group’s scientists continue to develop silicon quantum dots and CHS intended for use in silicon anodes.

Other company highlights from the first half of the year include:

Filing a full utility patent on the company’s provisional patent for the development of advanced silicon anodes using CHS and other silanes, covering the use of CHS to produce a wide variety of silicon anodes for use in lithium-ion batteries and providing protection for the Endurion program
Filing a trademark application for Endurion
Starting a research project with the University of Adelaide to examine alternative, low-phonon energy glasses that have a greater potential for large-scale manufacturing
As the year progresses, Coretec aims to increase the speed of the Endurion program’s development, made possible with the Company’s fully operational laboratory. Concurrently, the Company is working to scale its ability to manufacture CHS in significant quantities, at which point it will implement its process with their manufacturing partners.

To further facilitate development of the Endurion program, Coretec is actively seeking strategic partners with established revenue, complementary technology and the structure in place for manufacturing, testing and scaling product. Those with existing revenue are especially attractive, as existing customer bases would provide Coretec with real world feedback as it commercializes its technology.

“We’re proud of all we’ve accomplished so far this year, but also understand that execution for our vision is critical to both potential partners as well as the broader capital markets,” said Matthew Kappers, CEO of The Coretec Group. “The Endurion program and CHS work hand in hand and remain our primary focus to build the most value. We believe our technology has immensely transformative potential for the EV and battery industries, and as the year progresses, look forward to demonstrating its potential and unique differentiators.”

The Coretec Group will be holding an investor call in August 2022 to further discuss the year’s milestones thus far and what to expect in the coming months.

About The Coretec Group

The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.

For more information, please visit thecoretecgroup.com.

Follow The Coretec Group on:

Twitter – @CoretecGroupInc

LinkedIn – www.linkedin.com/company/24789881

TikTok – www.tiktok.com/@thecoretecgroup

YouTube – www.youtube.com/channel/UC1IA9C6PoPd1G4M7B9QiZPQ/featured

Forward-Looking Statements

The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

 

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Contacts
Corporate Contact:

The Coretec Group, Inc.
Lindsay McCarthy
info@thecoretecgroup.com
+1 (866) 916-0833

Media Contact:

Spencer Herrmann
FischTank PR
coretec@fischtankpr.com
+1 (518) 669-6818

 

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ExaGrid Wins 3 Industry Awards at Network Computing Awards 2022

2022 Awards Mark ExaGrid’s 4th Consecutive Win at the Annual Awards Ceremony

(BUSINESS WIRE)--ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that the company was honored with three industry awards, including Bench Tested Product of the Year, Company of the Year, and Storage Product of the Year, during the Network Computing Awards ceremony, held in London on July 21, 2022.

The Bench Tested Product of the Year award was chosen by the editorial team at Network Computing Magazine based on an independent product review of ExaGrid’s largest appliance, the EX84 and the enhanced storage economics of using ExaGrid Tiered Backup Storage behind Commvault due to ExaGrid’s ability to further deduplicate Commvault backups for increased savings on storage.

The Company of the Year and Storage Product of the Year awards are determined by public vote, which further sets ExaGrid Tiered Backup Storage apart as a leader in its sector, due it is differentiated product architecture, as ExaGrid offers the largest scale-out system in the industry—comprised of 32 EX84 appliances that can take in up to a 2.7PB full backup in a single system, which is 50% larger than any other solution with aggressive deduplication, in addition to ExaGrid’s innovative channel programs and its exceptional customer support.

“We are honored to win these three awards” said Bill Andrews, President and CEO of ExaGrid. “Our company is solely focused on offering the best backup storage possible—by improving the performance, scalability, and economics of backup, and offering the best customer support in the industry. Many thanks to everyone who voted for us and to the editorial team at Network Computing, we are truly grateful.”

ExaGrid continues to gain recognition for its Tiered Backup Storage appliances, winning four awards so far in 2022, including:

Storage Awards “The Storries XIX” - Enterprise Backup Hardware Vendor of the Year
Network Computing Awards - Bench Tested Product of the Year
Network Computing Awards - Company of the Year
Network Computing Awards - Storage Product of the Year
About ExaGrid
ExaGrid provides Tiered Backup Storage with a unique disk-cache Landing Zone, long-term retention repository, and scale-out architecture. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The retention repository offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and product obsolescence. ExaGrid offers the only two-tiered backup storage approach with a non-network-facing tier, delayed deletes, and immutable objects to recover from ransomware attacks.

ExaGrid has physical sales and pre-sales systems engineers in the following countries: Argentina, Australia, Benelux, Brazil, Canada, Chile, CIS, Colombia, Czech Republic, France, Germany, Hong Kong, Iberia, Israel, Japan, Mexico, Nordics, Poland, Saudi Arabia, Singapore, South Africa, South Korea, Turkey, United Arab Emirates, United Kingdom, United States, and other regions.

Visit us at exagrid.com or connect with us on LinkedIn. See what our customers have to say about their own ExaGrid experiences and learn why they now spend significantly less time on backup in our customer success stories.

ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.

 

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Contacts
Media:
Mary Domenichelli
ExaGrid
mdomenichelli@exagrid.com

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Urban Company Partners With Saudi’s Leading Beauty Services Provider Baheya to Bring Unparalleled At-Home Services in the Region

RIYADH, Saudi Arabia - Wednesday, 27. July 2022 


(BUSINESS WIRE) --Urban Company, Asia’s largest tech-enabled home services marketplace, has entered into a partnership with Baheya, the largest salon chain in Riyadh. With this, Urban Company aims to be a household name for beauty services at home by enabling its partner salons and beauty professionals to deliver services like never before.

With quality services that are assured from Urban Company and years of experience in the Kingdom of Saudi Arabia from Baheya, the home services sector is poised to expand. Aside from the currently offered salon and spa services, Urban Company is also extending its range of services to include hair, lash, and nail extensions.

Baheya, the only salon chain in Riyadh that provides services 24x7, has 250 beauticians offering top services and quality products for over 16 years in Saudi Arabia. Since the two businesses partnered in 2021, Baheya has given Urban Company beauticians and products while also obtaining the highest quality leadership and training for its staff from the platform. Urban Company handpicks the best beauticians from Baheya’s staff and further provides extensive training which enables them to give unparalleled at-home services. The beauticians carry the entire set-up and products from top brands to ensure a complete salon-like experience at home.

On the partnership, Nitesh Agarwal, Region Head, Middle East, Urban Company, said, “Urban Company is committed to offering exceptional, high quality at-home services to its customers across geographies. We are delighted to partner with Baheya in the Kingdom of Saudi Arabia and are confident that with Baheya’s proven market experience we will be a pioneer in delivering highest quality services to our customers in the region. With this partnership, Urban Company will continue to live up to its vision of providing high-quality and delightful at-home services to customers."

Urban Company has pioneered delivering highest quality services by offering intensive training and selecting best-in-class products. Currently, Urban Company is live with salon and spa services in Riyadh, which include services such as waxing, facials, nails, lash extensions, hair styling, and massage all of which will be extended to Jeddah by the end of this year.

About Urban Company

Founded in November 2014, Urban Company is Asia’s largest tech-enabled home services marketplace. The company offers services such as beauty and spa at home, cleaning, plumbing, carpentry, appliance repair, painting, etc. through its mobile app and website. It operates in 50+ cities in India, the UAE, Singapore, Australia, and The Kingdom of Saudi Arabia. It has a partner network of over 32,000 hand-picked service professionals, who are empowered through training, technology, financial services, tools, product procurement, insurance, and a host of other ecosystem enablers, thereby transforming them into organized and high-quality micro-entrepreneurs. This full-stack approach helps the company live up to its promise of delivering high-quality, delightful services at home. The company’s mission is to empower millions of professionals worldwide to deliver delightful customer experiences.


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Contacts
Moumita Majumdar
Communications | India, Middle East, Singapore
moumitamajumdar@urbancompany.com

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PCI Pharma Services Announces Multi-Million Dollar Expansion to UK Manufacturing Facility to Meet Growing Demand for Global High Potent Manufacturing Services Supporting Oncology Treatments

PHILADELPHIA - Wednesday, 27. July 2022


New facilities offer innovative equipment and increased capacity to bring highly potent oncology therapies to market

(BUSINESS WIRE)--PCI Pharma Services (PCI), a leading global contract development and manufacturing organization (CDMO), today announced a significant expansion of its world-class facility in Tredegar, Wales, UK, designed to help keep pace with the market growth of powerful, targeted oncology therapies.

“We’re excited to announce the latest expansion in Tredegar that will address the growing and urgent need for specialty global manufacturing services within the oncology arena,” said Salim Haffar, Chief Executive Officer, PCI Pharma Services. “As the market expands for potent therapies and highly complex, concentrated formulations that can present unique challenges to manufacturing and packaging, we’re proud to be one of the few providers with the global capabilities to manage this specialty at both clinical and importantly, commercial scale.”

The expansion includes two new facilities dedicated to the manufacturing and packaging of solid oral-dose tablets and capsules. A second contained manufacturing building (CMF2), capitalizing on the success of the original CMF1 which opened in 2013, will double large-scale processing capacity including dispensing and fluid bed granulation of high-potency solid-dose products at the commercial scale. In addition, there is a new high-potency, multi-product packaging facility with primary and secondary blistering and bottling suites. The primary and secondary packaging lines provide a fully integrated process, delivering end-to-end services for a global client base.

More than 1,300 medicines and vaccines in clinical trials were indicated for cancer treatment in 2021, compared to 1,100 two years prior. Oncology treatments also accounted for 25% of all medicines approved by the FDA between 2010 and 2019, signaling that oncology will remain a key focus for the industry in the upcoming years.

“The rapid evolution of oncology pipelines has coincided with the continued globalization of clinical development,” said Rebecca Coutts, Ph.D., General Manager, Tredegar, PCI Pharma Services. “This latest investment, along with the existing analytical and formulation capabilities, combines a clinical and commercial scale packaging facility to complement the existing clinical and increased commercial scale manufacturing capabilities, placing end-to-end services for these high-potency molecules under one roof to better serve our client’s evolving needs.”

Both facilities will contain state-of-the-art equipment, including a replica of CMF1’s large-scale granulation suite and a down-flow booth with containment screening. Duplicating the original state-of-the-art CMF1 facility will provide both greater capacity and business continuity for clients.

The Tredegar expansion is also expected to create up to 40 new jobs in the first year and add more as the facilities scale up. PCI Tredegar currently employs close to 500 people, almost doubling the number of employees since the opening of CMF1 in 2013. PCI has been operating in Tredegar UK for nearly 40 years and is one of the most significant employers in the local area. For more information on PCI’s high potent development and manufacturing capabilities, please click here.

About PCI Pharma Services

PCI is a leading global CDMO, providing clients with integrated end-to-end drug development, manufacturing and packaging capabilities that increase their products’ speed to market and opportunities for commercial success. PCI brings the proven experience that comes with more than 50 successful product launches each year and over five decades in the healthcare services business. We currently have 30 sites across seven countries (Australia, Canada, U.S., Ireland, Wales, Germany and Spain) and over 4,300 employees that work to bring life-changing therapies to patients. Leading technology and continued investment enable us to address global drug development needs throughout the entire product life cycle – from manufacturing capabilities through the clinical trial supply chain and into commercialization. Our clients view us as an extension of their business and a collaborative partner with the shared goal of improving patients’ lives.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220727005014/en/


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Contacts
Ty Guzman-Touchberry, WE Communications
tgtouchberry@we-worldwide.com / +1-212-551-4877

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NTT to Study Hydrogen Transportation Through Existing Pipelines

Study to Advance the Implementation of Practical, Stable Transportation of Hydrogen as a Clean Energy Source Across the Globe

(BUSINESS WIRE)-- NTT Anode Energy Corporation (President and CEO: Teruyuki Kishimoto, Head Office: Minato-ku, Tokyo, NTT Anode Energy) announced a joint research and development project to study safety measures for the mass transportation of hydrogen through existing pipeline infrastructure. The study, being performed in collaboration with the National Institute of Advanced Industrial Science and Technology (President: Kazuhiko Ishimura, Chiyoda-ku, Tokyo AIST) and Toyota Tsusho Co., Ltd. (Representative Director: Ichiro Kashitani, Minato-ku, Tokyo, Toyota Tsusho), is expected to contribute to the realization of a pipeline transportation model for hydrogen that could be implemented globally.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220725005285/en/

 

According to a paper published by the International Renewable Energy Agency, “Hydrogen has emerged as an important part of the clean energy mix needed to ensure a sustainable future.” However, the large-scale, stable transportation of hydrogen through new pipeline infrastructure faces issues including land acquisition construction costs and building time. Utilizing existing pipeline infrastructure can solve these issues, and this new study represents the next step in this model’s proof-of-concept process.

The study will examine a double-piping system in which a hydrogen pipeline is placed in an existing pipe (the “sheath pipe”) buried underground. Factors to be measured and contributed to the formulation of technical standards include:

On-site investigation of hydrogen leakage detection
Verification of detection of signs of abnormality
Establishment of a control sequence to ensure safety
Performance evaluation of various hydrogen sensors in a real-world environment
Safety measures will be investigated under the assumption of unsteady conditions including rupture accidents and natural disasters during pipeline operation. In addition to examining the safety measures necessary for such use of existing pipelines, the study will verify the profitability of such projects, including cost analysis of transportation; energy input; and economic efficiency, as compared to other hydrogen transportation means.

Based on the knowledge and data gained through this project, NTT Anode Energy and its collaborators will promote and establish technical studies on safety measures for practical use. Ultimately, the project will also support the future supply of hydrogen to urban areas (e.g., public and commercial facilities, data centers and communications buildings; fuel cell vehicles; hydrogen stations, etc.), supply through pipelines utilizing communication pipelines (e.g., cable tunnels) and will contribute to the development of smart cities and the establishment of hydrogen supply means through pipelines in regions with a view to a society that consumes a large amount of hydrogen through the development of CO2-free hydrogen.

This project is being conducted in accordance with the "Research and development for the full-scale popularization of ultra-high pressure hydrogen infrastructure/Research and development for international development, international standardization, etc./Research and study for the examination of technical standards for hydrogen supply infrastructure, etc." of the New Energy and Industrial Technology Development Organization.

Primary Areas of Research by Collaborator

NTT Anode Energy

Hydrogen leakage detection;
Abnormal sign detection;
Hydrogen sensors investigation;
Investigation of residual hydrogen concentration at the time of hydrogen leakage; and
Investigation of explosion effect of manhole cover
AIST

Investigation of fire flame behavior caused by the ignition of leaked hydrogen in a simulated double piping system
Toyota Tsusho

Clarification of unit costs through verification of equipment, installation and safety costs; and
Verification of advantageous conditions and business establishment requirements of pipeline transportation
About NTT Anode Energy Group

As a company focused on leveraging the information communications technology and DC power supply technologies of the NTT Group in pursuit of “smart energy” business opportunities, NTT Anode Energy is working to develop and deliver energy solutions that make more sophisticated and efficient use of distributed energy resources such as renewable power generation facilities and storage batteries. In this way, it can fully express the unique synergies of the NTT Group. Through these efforts, we aim to work with partner companies to create new energy distribution mechanisms to help to revitalize industries and shape a more sustainable society.

NTT and the NTT logo are registered trademarks or trademarks of NIPPON TELEGRAPH AND TELEPHONE CORPORATION and/or its affiliates. All other referenced product names are trademarks of their respective owners. © 2022 NIPPON TELEGRAPH AND TELEPHONE CORPORATION

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220725005285/en/


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Contacts
Media Contact:
Stephen Russell
Wireside Communications®
For NTT
+1-804-362-7484
srussell@wireside.com

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Oromia Bank selects CR2’s BankWorld to Advance their Digital Banking Transformation Strategy in Ethiopia

ADDIS ABABA, Ethiopia - Wednesday, 27. July 2022 

(BUSINESS WIRE)-- Oromia Bank (www.oromiabank.com) has selected CR2 (www.CR2.com), one of the world’s leading software vendors in the digital banking and payments market, to accelerate and transform its digital banking strategy in the Ethiopian market. The official contract signing ceremony took place in The Sheraton Addis, with key company executives present to witness this landmark occasion.

CR2’s digital banking platform – BankWorld - will enable Oromia Bank to enhance and improve their customer’s retail and corporate digital banking and payments experience and position Oromia Bank as one of the leading banks in Ethiopia. The highly configurable and flexible capabilities of CR2’s platform will help the bank roll out a range of off-the-shelf functionality and drive innovation. This will give the Bank the ability to easily design and launch a range of new products and services that meet the needs of various customer segments.

Ethiopia has proven to have a large appetite for digital banking which, given the country’s young demographic, is no surprise. With extensive mobile network connectivity throughout Ethiopia, which is the second most populated country in Africa, the country is at present going through huge digital banking transformation and now is the perfect time for Oromia Bank to embark on their own digital transformation strategy.

Chief Executive, CR2, Fintan Byrne commented:

“We’re delighted to have been selected by Oromia Bank to partner with them on their digital banking transformation. This is a significant win for CR2 as we continue to expand our presence in Ethiopia and build on our already existing relationships within the market there. It’s clear that the Ethiopian market is an extremely dynamic one and we’re pleased to be at the heart of the exciting developments within a truly unique and vibrant market.”

Mr. Teferi Mekonnen, CEO of Oromia Bank commented:

"This investment in omni-channel digital banking technology will significantly update the bank’s infrastructure and enables a broad range of payment capabilities through digital means. Our banking and payments experience will be fast, modern, easily accessible to all segments within urban and rural communities, and very convenient to use. Our adoption of this technology will significantly contribute to the development of our country’s digital transformation and help bring the unbanked into the banking economy."

View source version on businesswire.com: https://www.businesswire.com/news/home/20220725005531/en/


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https://www.aetoswire.com/en/news/270720222
Contacts
Nigel Sutton
nige@seventeen59pr.com

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L'AHF : l'accès au vaccin contre la variole du singe doit être guidé par l'équité mondiale et l'inclusion

KAMPALA, Ouganda et WASHINGTON
L'Associated Press rapporte qu'alors que "... des pays comme la Grande-Bretagne, le Canada, l'Allemagne et les États-Unis ont commandé des millions de doses de vaccins (contre la variole du singe), aucune n'est envoyée en Afrique".

 

Après plus de deux ans et à l'issue d'une mauvaise gestion majeure de la réponse au COVID-19, le monde a de nouveau été pris au dépourvu face à une autre menace émergente pour la santé publique - cette fois, la variole du singe - les pays et les gouvernements se bousculent actuellement  pour sécuriser les doses de vaccin et éduquer leur public sur le virus

(BUSINESS WIRE) -- L'AIDS Healthcare Foundation (AHF) a vivement critiqué aujourd'hui l'Organisation mondiale de la santé (OMS) et la réponse mondiale collective émergente et lente à l'Épidémie de variole du singe (monkeypox). L'AHF est particulièrement préoccupée par les nouvelles de ce week-end selon lesquelles des doses de vaccins - en pénurie critique dans le monde et avec des retards de production prévus pour plusieurs mois - ont été commandées par millions par des pays occidentaux riches, y compris le Canada, la Grande-Bretagne, l'Allemagne et les États-Unis, mais AUCUNE de ces doses ne sont destinées à l'Afrique.

 

Associated Press (via L.A. Times) a annoncé samedi que l'OMS a enfin décidé ce week-end de décréter une « urgence de santé publique de portée internationale » (USPPI) contre la variole du singe. L'article d'AP a documenté la flambée explosive des cas de variole du singe dans le monde au cours des deux derniers mois et l'approvisionnement en pénurie critique en vaccins dans le monde. L'agence de presse a également soulevé la question de l'équité en matière de vaccins, rapportant :

 

« Le Dr. Placide Mbala, virologue qui dirige le département de la santé mondiale à l'Institut national de Recherche biomédicale du Congo, a déclaré qu'il espérait que tous les efforts mondiaux pour mettre fin à la variole du singe seraient équitables. Bien que des pays comme la Grande-Bretagne, le Canada, l'Allemagne et les États-Unis aient commandé des millions de doses de vaccins, aucune n'est envoyée en Afrique. »

 

Pour sa part, le Dr. Penninah Iutung, chef du bureau d’Afrique de l'AHF de Kampala a déclaré : « Les disparités émergentes en matière d'accès au vaccin contre la variole du singe rappellent les inégalités qui ont été créées et exacerbées par la COVID-19 et démontrent que le monde échoue une fois de plus à maintenir l'esprit de coopération et de solidarité internationales pour faire face aux menaces mondiales pour la santé publique. » « Le VIH/sida et la COVID-19 nous ont montré que la discrimination et les inégalités peuvent être catastrophiques avec des conséquences durables sur les individus et sur un système de santé déjà mis à rude épreuve. Nous exigeons que les principes d'équité, d'égalité et d'inclusion guident le déploiement des vaccins contre la variole du singe, afin de garantir le même accès aux vaccins pour tous ceux qui en ont besoin, quels qu’ils soient et peu importe où ils se trouvent, » a-t-elle ajouté.

 

Depuis mai, le virus de la variole du singe a éclaté en plusieurs flambées ou épidémies en dehors de l'Afrique, où il a longtemps été considéré comme endémique dans une poignée de pays. Aujourd'hui, il constitue une urgence sanitaire publique mondiale, selon le quotidien Reuters qui a rapporté le 25 juillet 2022 dans son article « Factbox : Cas de variole du singe dans le monde » avec plus de 16,600 cas confirmés ou présumés signalés dans près de 70 pays où la variole du singe n'est pas endémique. La grande majorité des cas récents de variole du singe surviennent chez les homosexuels et les hommes ayant des rapports sexuels avec d'autres hommes.

 

« Malgré avoir géré pendant plus de deux ans la crise du COVID, les leaders mondiaux, américains et sanitaires ont une fois de plus été pris au dépourvu et sont terriblement mal préparés, cette fois, à la variole du singe, » a indiqué le président de l’AHF, Michael Weinstein, de Los Angeles. « Il a également fallu attendre samedi, un peu plus de deux mois après des cas ont été signalés pour la première fois en dehors de l'Afrique, pour que l'OMS déclare le virus une urgence de santé publique de portée internationale. Compte tenu de la propagation rapide et incontrôlée de ce virus, l'OMS devrait immédiatement déclarer la variole du singe ce qu'elle est réellement : une pandémie. Et les doses de vaccin DOIVENT être partagées équitablement avec les pays à revenu faible et intermédiaire en Afrique et ailleurs. »

 

L’AIDS Healthcare Foundation (AHF) est la plus grande organisation mondiale dans le domaine de la lutte contre le VIH (sida), elle fournit actuellement des soins et des services médicaux pour plus de 1.6 million de clients dans 45 pays à travers le monde dont les États-Unis, l’Afrique, l’Amérique Latine/Les Caraïbes, l’Asie/Pacifique et l’Europe de l'Est. Pour en savoir plus à propos de l'AHF, veuillez visiter notre site: www.aidshealth.org, retrouvez-nous sur Facebook: www.facebook.com/aidshealth suivez-nous sur Twitter: @aidshealthcare ou abonnez-vous à notre podcast AHF "AHFter Hours".

 

Consulter la version source sur businesswire.com : https://www.businesswire.com/news/home/20220725005958/en/

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.


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Contacts
CONTACTS MÉDIA :
BUREAU D’AFRIQUE
Oluwakemi Gbadamosi
Directrice des Plaidoyers, Politiques et Marketing – Bureau d'AHF en Afrique
+234-91-21-500-600
Oluwakemi.gbadamosi@ahf.org

 

AUX ÉTATS-UNIS
(Los Angeles) Ged Kenslea
Directeur principal des Communications, AHF
+1.323.791.5526 [cell]
gedk@aidshealth.org

(Washington, DC) Denys Nazarov
Directeur de la politique et des communications mondiales, AHF
+1 323 308 1829
dn@aidshealth.org

 

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SES to Power Innovative, Immersive Experiences Onboard Leading Family Cruise Lines Fleet with O3b mPOWER

LUXEMBOURG - Tuesday, 26. July 2022

Cruise line’s newbuild programme and current fleet will leverage SES’s O3b mPOWER connectivity service to make seamless family luxury a reality

(BUSINESS WIRE)-- SES, the world’s leading content connectivity satellite service provider, will be providing ground-breaking high-speed satellite-based connectivity services to the newest landmark ship of a leading family cruise line, the company announced today. The cruise line existing fleet will also transition its connectivity to SES’s second-generation medium earth orbit (MEO) system O3b mPOWER, alongside installing the service onto its newbuild programme.

The high-performance connectivity service onboard will first be available via SES’s O3b Medium Earth Orbit (MEO) constellation and will subsequently migrate and expand to SES’s O3b mPOWER communication system. This connectivity will be augmented by SES’s geostationary satellite fleet and ground-based infrastructure to provide high-bandwidth redundancy and unparalleled reliability throughout the voyage.

The new agreement will help enable a seamless and hassle-free internet connectivity experience for guests who can unwind in complete luxury without worrying about their family’s consuming large amounts of data at considerable expense. Passengers can purchase new Unlimited Internet access plans by leveraging SES’s O3b mPOWER network and enjoy unmatched connectivity whilst cruising.

The low-latency connectivity network which will be delivered by SES’s O3b mPOWER system is also set to enable innovative connected technologies, including a first-of-its-kind immersive augmented reality experience for guests. It will also power wearable technology for families, which provides children secure and safe access to amazing experiences while parents recline at the pool.

Simon Maher, Vice President of Global Sales, Cruise Maritime Services at SES, said, “SES is privileged to be selected as the most innovative technology connectivity partner for both the transition of the current fleet of Cruise Ships from the legacy provider to SES but also supporting the cruise line’s fleet expansion plans. We are passionate about amazing, innovative experiences that push the boundaries of what people think is possible. As the only company to operate a commercially successful medium earth orbit constellations at unmatched scale, SES is uniquely positioned to offer the most reliable, best-performing high-speed connectivity at sea that helps make incredible and innovative experiences a reality.”

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About SES

SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries over ~8,200 channels and has an unparalleled reach of 366 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220725005922/en/


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Contacts
For further information:

Suzanne Ong
External Communications
Tel. +352 710 725 500
suzanne.ong@ses.com

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Cegid est entré en négociations exclusives dans l’intention d’acquérir Grupo Primavera

La nouvelle entité donnera naissance à un champion ibérique et accélèrera le développement de Cegid en tant qu’éditeur mondial de solutions de gestion cloud pour les entreprises, valorisé à près de 6,8 milliards d’euros

(BUSINESS WIRE)-- Cegid, un leader mondial des solutions de gestion cloud pour les professionnels des métiers de la finance (ERP, trésorerie, fiscalité), des ressources humaines (paie, gestion des talents), de l’Expertise Comptable, du Retail et de l’entrepreneuriat, annonce ce jour être entré en négociations exclusives dans l’intention d’acquérir Grupo Primavera, l'une des principales plateformes de logiciels de gestion d'entreprises de la péninsule ibérique. La transaction, entièrement réalisée en actions, donnera naissance à un important fournisseur de logiciels d'entreprises de la région ibérique et permettra à Cegid d’accélérer son développement international, tout en portant la valorisation de la nouvelle entité à environ 6,8 milliards d'euros.

Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20220726005610/fr/

Le rapprochement de Cegid et de Grupo Primavera confirme la position de Cegid en tant qu’éditeur majeur de solutions de gestion cloud pour les entreprises. Capitalisant, dans la région ibérique, sur les solutions Retail et Taxes de Cegid enrichies des solutions phares de ressources humaines suite aux acquisitions de Meta4 en 2019 et, plus récemment, de VisualTime, l’arrivée de Grupo Primavera assoit fortement la position de leader de Cegid dans la péninsule Ibérique et ouvre de fortes opportunités de développement à Grupo Primavera en s'appuyant sur la présence de Cegid en Amérique latine.

À la clôture de l'opération, Silver Lake, le leader mondial de l'investissement technologique, restera l'actionnaire majoritaire de la nouvelle entité. Oakley Capital – qui a créé Grupo Primavera suite à une série de douze acquisitions, et qui en est l'actionnaire majoritaire – rejoindra KKR et AltaOne parmi les actionnaires minoritaires de Cegid. L’ensemble des actionnaires s'associera à Pascal Houillon, CEO de Cegid et à Santiago Solanas, CEO de Grupo Primavera, ainsi qu’à l'équipe de direction pour soutenir la prochaine phase de croissance de Cegid.

Grupo Primavera a débuté ses activités en 2019 lorsque Oakley a acquis la plateforme autonome Ekon et s'est associé à une solide équipe de direction avec à sa tête Santiago Solanas, pour mettre en œuvre une stratégie buy and build ambitieuse, comprenant l'acquisition structurante de Primavera BSS en 2021. Grâce aux acquisitions, ainsi qu'à des investissements significatifs dans l'innovation produit et les talents, Grupo Primavera est devenu la plus grande plateforme logicielle de la péninsule Ibérique et a réalisé des performances bien supérieures à son business plan initial, et ce, uniquement en l’espace de trois ans. Son rapprochement avec Cegid va lui permettre de développer toujours plus son offre produit.

Grupo Primavera compte 800 employés basés dans cinq pays, 165 000 clients et a réalisé un chiffre d'affaires de 76 M€ en 2021. L'entreprise offre une large gamme de solutions cloud qui couvre la facturation, la comptabilité et l’ERP. Ces offres sont destinées aux petites entreprises et aux marchés intermédiaires en Espagne, Portugal et en Afrique, et sont particulièrement présentes chez les professionnels de la comptabilité. Ensemble, Grupo Primavera et Cegid devraient réaliser dans la péninsule Ibérique un résultat pro forma équivalent à plus de 150 M€ cette année.

« Unir nos forces avec Grupo Primavera constitue une immense opportunité pour nos deux entreprises et nos clients respectifs », déclare Pascal Houillon, CEO de Cegid. « Comme Cegid, Grupo Primavera propose à ses partenaires et clients des solutions cloud utiles et innovantes et a réalisé une croissance impressionnante, notamment en Espagne, au Portugal et en Afrique. Nous partageons une vision de l'avenir inspirée par une innovation produit et technologique permanente. Cegid s'engage pleinement à investir dans la croissance continue de la nouvelle entité et nous sommes impatients de travailler en étroite collaboration avec Santiago et l'équipe talentueuse de Grupo Primavera pour apporter de la valeur à une base de clients élargie ».

« Nous partageons la vision et l'ambition de Cegid, que nous admirons depuis longtemps. Comme Cegid, nous sommes passionnés et avons une culture d'entreprise focalisée sur l'excellence de nos produits, un engagement fort envers nos clients et, comme elle, nous avons une ambition forte de croissance. La force de notre partenariat va nous permettre d’associer nos ressources et nos expertises pour apporter à nos clients de nouveaux produits et une innovation continue, tout en capitalisant sur notre capacité à développer et intégrer de nouveaux talents et nouvelles approches pour répondre aux besoins du marché. Cegid et Grupo Primavera ont, tous deux, pour mission de développer leur écosystème et d’apporter une valeur renouvelée à nos clients, partenaires, collègues et communautés », précise Santiago Solanas, CEO de Grupo Primavera.

« Grâce à l'investissement et au programme de développement stratégique réalisés depuis 2016, Cegid est devenu un acteur paneuropéen et mondial de premier plan dans de nombreux pays, notamment en France, en Espagne et au Portugal, ainsi qu’une entreprise qui dispose d’une présence importante dans 12 autres pays, et vend dans plus de 130 pays. Nous nous réjouissons des perspectives de croissance de la nouvelle entité et de la naissance de ce leader en matière de logiciels d’entreprise dans la péninsule Ibérique, qui renforcera la position de Cegid à l’échelle mondiale. La digitalisation du marché européen des moyennes entreprises – notamment par le biais des logiciels de gestion financière – est importante et connaît actuellement une croissance significative. La nouvelle entité occupera une place privilégiée lui permettant de tirer parti de cette opportunité au fur et à mesure de son développement », indique Christian Lucas, Président Directeur Général EMEA de Silver Lake et Vice-Président du conseil d'administration de Cegid.

« En partenariat avec Oakley, Grupo Primavera est devenu un acteur de premier plan sur le marché ibérique des logiciels d'entreprise. Sous la gouvernance de deux équipes de direction très expérimentées et d'actionnaires engagés, Cegid et Grupo Primavera sont aujourd’hui prêts à accélérer leur stratégie de croissance globale en mettant l'accent sur les marchés en développement et en capitalisant sur les ventes croisées. Nous sommes impatients de faire partie de ce nouveau chapitre de la vie des deux entreprises et nous nous réjouissons du potentiel important qui s’ouvre à nous », conclut Peter Dubens, Fondateur et Associé Gérant d’Oakley Capital.

A la clôture de la transaction, Santiago Solanas et toute son équipe de direction rejoindront Cegid. Il reportera directement à Pascal Houillon.

La clôture de la transaction est prévue au troisième trimestre 2022 et, comme il est d'usage, reste soumise à l’approbation des autorités réglementaires compétentes et à l’information et consultation des organes de représentation du personnel compétents conformément aux lois applicables.

A propos de Grupo Primavera

Grupo Primavera est une plateforme indépendante de logiciels d'entreprise originaire de la péninsule ibérique qui offre une large gamme de solutions logicielles qui couvre la facturation, la paie, la comptabilité et l’ERP. Ces offres sont destinées à un large éventail de clients, avec un focus particulier sur les segments des entrepreneurs, PME et des marchés intermédiaires en Espagne, Portugal et en Afrique, et disposent d’une forte présence dans les cabinets d’expertise Comptable. Soutenu par la société de capital-investissement britannique Oakley Capital, le groupe a débuté ses activités en 2019, avec l'acquisition d'Ekon et la création d'une solide équipe de direction avec à sa tête Santiago Solanas. Avec cette équipe, Oakley a acquis 11 autres sociétés, dont Primavera BSS en 2021, acquisition cruciale qui a permis de former un nouveau groupe élargi, Grupo Primavera, qui comprend également Billage, Club del Asesor, Contasimple, Diez Software GSE, Professional Software (ProSoft) et Profiture en Espagne, ainsi que Cloudware, Eticadata, Valuekeep et Yet au Portugal.

Grâce à une philosophie d'innovation constante et sa stratégie de développement via la croissance de tout son écosystème, Grupo Primavera a réalisé un chiffre d'affaires de 76 M€ en 2021, compte 165 000 clients, dont 24 000 cabinets d’Expertise Comptable, et s'appuie sur un réseau de 500 partenaires en Espagne et au Portugal.

Plus d’informations : https://grupoprimavera.com/en

A propos de Cegid

Cegid est un leader mondial des solutions de gestion cloud pour les professionnels des métiers de la Finance (trésorerie, fiscalité, ERP), des Ressources Humaines (paie, gestion des talents), des secteurs de l’Expertise Comptable, du Retail et de l’entrepreneuriat. Avec un solide business model full cloud Cegid s’engage dans la durée avec ses clients et accompagne la digitalisation des entreprises, de la TPE aux grands comptes, pour une expérience supérieure et distinctive en France comme à l’international. Cegid combine une vision prospective et pragmatique des métiers, associée à sa forte capacité d’innovation, la maîtrise des nouvelles technologies et à une connaissance unique du réglementaire. Dans un monde en évolution rapide, Cegid ouvre les possibles et révèle toute la valeur des métiers de ses clients en leur apportant des solutions utiles et innovantes.

Forte de son ambition internationale, Cegid compte aujourd’hui 3 600 collaborateurs et vend ses solutions dans 130 pays. Cegid a réalisé un chiffre d’affaires annuel de 632 M€ (au 31 décembre 2021). Pascal Houillon a rejoint Cegid en mars 2017, il en est le CEO.

Plus d’informations : www.cegid.com ; http://jobs.cegid.com/

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Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20220726005610/fr/


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Contacts
Contacts presse

Agence Proches
Kelly Martin
equipecegid@agenceproches.com
+33 (0)6 63 52 94 74

Agence Proches
Olga Tess
equipecegid@agenceproches.com
+33 (0)6 69 61 80 77

Cegid - Responsable Relations Presse
Nathalie Fournier-Christol
nfournierchristol@cegid.com
+33 (0)6 49 23 83 14

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