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Blog posts February 2023

GIGABYTE at MWC 2023: Advancing AI, ESG and 5G Technology Breakthroughs through “Power of Computing”

(BUSINESS WIRE) -- GIGABYTE and its subsidiary, Giga Computing, are co-presenting the next-generation server solutions at MWC 2023. The exhibition will cover IT solutions for edge computing, AI development, HPC data centers, cloud servers, green computing, and visual computing, resonating with the theme “Power of Computing”. With GIGABYTE’s long-standing expertise, these servers have been widely adopted by academic institutions and enterprises worldwide, accelerating innovation in various industries.

Connect Infinite Possibilities of 5G Applications with Edge Computing

GIGABYTE is presenting three edge server models (E163-S30, E263-Z30, E252-P30), supporting the latest Intel, AMD and Ampere processors, respectively. They play essential roles in edge data centers, which support the operation of large amounts of IoT devices in 5G applications like smart manufacturing, automotive technology and smart cities.

To expand 5G business opportunities, GIGABYTE provides diverse selections of edge servers that excel in computing power, scalability, transmission speed and lower energy consumption. The short-depth chassis design allows the servers to adapt to micro data centers near data sources in urban and remote areas, enabling governments and enterprises to connect people to 5G smart technology.

Accelerate AI Innovation Breakthroughs with GPU Servers and HPC Data Centers

The rise of ChatGPT has prompted more industries worldwide to explore the value of AI innovations. At MWC, GIGABYTE is exhibiting the latest GPU/HPC servers (G493-SB0, H263-S64) supporting the most advanced processors, DDR5 RAM and high bandwidth PCIe 5.0 lanes that supercharge AI computing efficiency.

GIGABYTE provides diverse selections of NVIDIA-certified GPU/HPC servers that have passed strict performance, stability and scalability tests. They massively accelerate workloads for large-scale data processing, AI/ML model training and inference, bringing AI research to the next level.

Empower the World to Embrace a Sustainable Future through Green Computing

With the growing demand for AI, HPC and cloud computing, excessive heat generated from servers is the main cause of energy waste. At MWC, GIGABYTE is presenting air, liquid and immersion-cooling solutions, providing various selections for enterprises to build their “green data centers”.

GIGABYTE has established expertise in server structures, immersion tanks and management systems. The immersion cooling solutions have been adopted by Japanese telco leader KDDI, a world-leading IC foundry giant and other distinguished clients. In one of the successful cases, the data center achieved a 30% reduction in energy consumption, while boosting the performance of HPC processors by 10%. GIGABYTE provides various server cooling solutions to empower enterprises to build technology advantages and excel in sustainability goals.

Besides server lineups, GIGABYTE is presenting a powerhouse workstation in the “Visual Computing” exhibition at the booth. The GPU workstation, W771-Z00, is known for its enterprise-server-level performance and can support up to 64 cores and 2TB total system memory. Its multitasking capability enables creators to construct realistic virtual worlds, 3D rendering and movie post-production in real-time collaboration, building masterpieces with the best efficiency.

About GIGABYTE

GIGABYTE is an engineer, visionary, and leader in the world of tech that uses its hardware expertise, patented innovations, and industry leadership to create, inspire and advance. Renowned for over 30 years of award-winning excellence in motherboards and graphics cards, GIGABYTE is a cornerstone in the HPC community, providing businesses with server and data center expertise to accelerate their success. At the forefront of evolving technology, GIGABYTE is devoted to inventing smart solutions that enable digitalization from edge to cloud, and allow customers to capture, analyze, and transform digital information into economic data that can benefit humanity and "Upgrade Your Life".

GIGABYTE’s MWC event page

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https://www.aetoswire.com/en/news/2802202330649
Contacts
Media Contact: Michael Pao brand@gigabyte.com

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SES Publishes 2022 Annual Report

(BUSINESS WIRE)--SES S.A., the leader in global content connectivity solutions, has today published its 2022 Annual Report, following the announcement of the company’s full year financial results for the 12 months ended 31 December 2022.

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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 8,000 channels and has an unparalleled reach of 369 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/20230228005754/en/


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https://aetoswire.com/en/news/2802202330659
Contacts
For further information please contact:
Suzanne Ong
External Communications
Tel. +352 710 725 500
suzanne.ong@ses.com

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Diligent Adds PwC Canada, Vervantis, Clarity AI and Others to Its Growing List of Partners, Extending Ability To Integrate With the Industry’s Leading GRC Platform

The Diligent Partner Program provides access to Diligent’s comprehensive portfolio of GRC and ESG solutions, giving partners the opportunity to connect organizational data to help companies make more informed decisions

(BUSINESS WIRE)--Diligent, the global leader in modern governance providing SaaS solutions across governance, risk, compliance, audit and ESG, today announced new partnerships in response to the growing demand for connected insights across organizations. The Diligent Partner Program enables partners to add value for their clients, allowing them to capture new revenue streams by offering a single source to meet all their governance, risk and compliance (GRC) and environmental, social and corporate governance (ESG) needs.

“We’re thrilled to welcome great partners across the consultancy, sustainability, IT and legal spaces,” said Ricardo Moreno, SVP of Worldwide Partnerships at Diligent. “Today’s organizations are navigating an ever-increasing set of challenges while being asked to unite performance and purpose. Leaders need the right data and insights to make better decisions, faster. We’re excited to offer our partners access to our entire portfolio of solutions, along with the resources, investment and incentives, to respond to this demand for connected insights.”

Select organizations Diligent has partnered with recently include:

Best in Governance – Best in Governance Inc. (BIG) provides bespoke, modern sustainable corporate governance and ESG advisory services. Through the partnership, customers can access advisory services to optimize their corporate governance frameworks and ESG strategies, complementary to the suite of comprehensive governance and ESG solutions that Diligent provides to improve and simplify modern day sustainable governance strategies.
Board Excellence – Board Excellence is a leading advisory firm, based in Ireland and the UK, empowering boards to excel in governance, effectiveness and performance. Customers of Board Excellence and Diligent can now leverage the combined power of board & leadership collaboration solutions and advisory services to stay ahead of increasingly complex business landscapes.
Brave Consultancy – Brave Within LLP. is a leading UK consultancy providing services across the entire journey of governance, risk, control, assurance and regulatory compliance. Organizations can now leverage Diligent’s entire robust GRC solutions suite and Brave Consultancy's leading advisory services to make better decisions, faster.
Clarity AI – Clarity AI is a leading sustainability technology platform. Through the partnership, ESG data and ratings from Clarity AI now integrates with Diligent’s board & leadership collaboration solutions for both public and private companies to gain insights into their ESG profile and ratings, all within the world’s leading board solution.
CYLK – CYLK Technologing serves the cybersecurity market in Brazil with innovative solutions to maintain agility and get ahead. Through the partnership, CYLK’s customers will have access to Diligent as a preferred GRC solutions provider, benefiting from both leading cybersecurity consultancy services and intelligent risk and strategy solutions.
PwC Canada – PwC Canada is a professional services firm with a focus on audit and assurance, tax, deals and consulting targeting solutions for cybersecurity, GRC, financial transformation and more. Through PwC Canada’s partnership with Diligent, customers can now leverage Diligent’s leading GRC solutions to mitigate and get ahead of risk to build resiliency.
Software & Consulting Americas – Software & Consulting Americas is a leading consultancy with roots in Latin America, providing specialized software solutions and services to the private and public sectors. Following a 15-year partnership in Peru, Software & Consulting is expanding its partnership with Diligent to offer its leading Audit and GRC solutions to its U.S. and Canadian customers.
TheMediaGroup – TheMediaGroup is a leading consultancy in Brazil that supports organizations with stakeholder engagement, action planning and alignment of ESG issues with financial strategy. Through the partnership, customers of The Media Group can access Diligent as a preferred software provider to help them execute on their ESG transformation goals.
Vervantis – Vervantis Inc. is an energy, sustainability, and utility bill management specialist providing advice, software, and expertise to large and medium-sized companies across North America. Through the partnership, Vervantis’ clients will benefit from Diligent’s leading ESG and risk and compliance solutions in addition to Vervantis’ best-in-class energy, utilities, and environmental management software.
“Organizations today are navigating rapidly changing business environments. At PwC Canada, we are passionate about bringing together different perspectives and capabilities to help our customers adapt, differentiate, and deliver value,” said Kishan Dial, Partner, Risk Assurance Services at PwC Canada. “Diligent's leading SaaS solutions will enable organizations to manage their ESG, governance, risk and compliance objectives and build resilience.”

“Vervantis is thrilled to partner with Diligent, offering our customers its leading ESG reporting and compliance software,” said Dan Moat, President of Vervantis. “Diligent integrates perfectly with our suite of energy and utility bill validation solutions providing organizations with a simple answer to an increasingly complex compliance environment.”

About Diligent

Diligent is the global leader in modern governance, providing SaaS solutions across governance, risk, compliance, audit and ESG. Empowering more than 1 million users and 700,000 board members with a holistic view of their organization’s GRC practices so they can make better decisions, faster. No matter the challenge. Learn more at diligent.com.

Follow Diligent on LinkedIn, Twitter and Facebook.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005327/en/


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https://aetoswire.com/en/news/102202330708
Contacts
For More Information:
Julia Hanbury
Senior Marketing Communications Manager, Diligent
+1 778-822-6411
Jhanbury@diligent.com

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Stratospheric Exploration Leader World View Names Ian Thomas As Chief Revenue Officer

TUCSON, Ariz. - Tuesday, 28. February 2023 AETOSWire Print 


Former Boeing executive will play critical role in scaling World View’s global remote sensing business

(BUSINESS WIRE) -- World View, a global leader in stratospheric exploration and flight, today announced the appointment of Ian Thomas as Chief Revenue Officer (CRO). Thomas brings more than 30 years of experience scaling global businesses, including 15 years with The Boeing Company, where he served in a variety of senior leadership roles in the United States (U.S.) and Europe, and then led the company’s operations, successively, in the United Kingdom, India, Australia, and China.

“World View is proud to be at the forefront of stratospheric exploration and as we continue to expand our global reach, it is key that our company is helmed by leadership that embodies our mission: to inspire, create, and explore new perspectives for a radically improved future,” said Ryan M. Hartman, World View President and CEO. “Ian’s extensive experience in successfully scaling businesses in relevant markets and his ability to drive strategic partnerships that fill a critical gap in the existing space imaging and analytics sector will be integral for World View’s next phase of growth.”

Thomas will lead the company’s international business development and be responsible for expanding World View’s global market share as the company continues to grow and diversify its remote sensing business. Part of his focus will be to target new industries that stand to benefit from the unique advantages offered by remote sensing via the stratosphere and on delivering capabilities not available with traditional satellite imaging or fixed-wing aircraft monitoring.

Thomas led Boeing’s operations in four of the world’s largest aerospace markets, helping secure the sale and approval of billions of dollars of commercial airplanes and defense products and services. Prior to his time at Boeing, he served in office of NATO policy at the Pentagon and has written widely on U.S. and Allied defense and security issues.

“I’m honored to join the World View team during this exciting time of dynamic growth for the company and for the global remote sensing market,” said Thomas. “World View’s technologies bring critical capability to a wide range of government and industry customers across an expanding field of use cases. I look forward to supporting the expansion of our World View’s business and to scaling a highly profitable global enterprise.”

Earlier this year, World View announced plans to go public through a SPAC deal with Leo Holdings Corp. II (“Leo”) (NYSE: LHC). The transaction values the combined company at a pro forma enterprise value of approximately $350 million. World View plans to use the capital to expand its global remote sensing business into new markets, pioneering new and existing use cases in this evolving domain and growing economy.

To learn more about World View’s expertise pioneering the stratospheric economy, visit worldview.space.

About World View

World View Enterprises Inc. (“World View”) is a leading global stratospheric exploration company, founded in 2012 and headquartered in Tucson, Arizona. World View has a demonstrated record of accomplishments in the stratospheric ballooning industry, and is leading a new era of stratospheric exploration to take humanity’s understanding and appreciation of Earth to inspired new heights. With a sharper vision for a brighter future, World View exists to inspire, create and explore new perspectives for a radically improved future. Through its legacy remote sensing business and Stratollite® imaging, and exciting future capabilities with research and engineering missions and space tourism and exploration, World View is working to ensure its ultimate objective: honor the planet so that future generations will feel blessed to call it home. For more information, visit worldview.space.

About Leo Holdings Corp. II and Leo Holdings

Leo Holdings Corp. II (“Leo”), currently listed on the NYSE under the ticker LHC, is a special purpose acquisition company (SPAC) that seeks to invest in entrepreneurially driven growth companies that aim to disrupt existing industries or business models, as well businesses positioned to thrive in the evolving digital information age where changing consumer behavior creates the opportunity for outsized returns. Leo Holdings Corp. II is part of a special purpose acquisition company initiative, Leo Holdings. Leo Holdings was formed by the principals of Lion Capital, which is led by Founder and Managing Partner, Lyndon Lea. Leo Holdings’ management team has extensive experience owning and operating businesses on a global scale and has collaboratively worked together for over 20 years. For more information, visit https://leoholdings.com/.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements included in this Press Release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. All statements, other than statements of present or historical fact included in this Press Release, including regarding World View's proposed business combination with Leo (the “Business Combination”), Leo's ability to consummate the proposed transactions, the anticipated benefits of the proposed transactions and the combined company’s future financial performance, including the combined company’s strategy, future operations, estimated financial position, estimated revenue growth, prospects expectations, estimated market growth, size and opportunity, estimated development timeline and process, expected approvals from regulators and related timing, plans and objectives of management, and World View’s future capabilities, product and market opportunities, ability to obtain and maintain strategic relationships, remote sensing capabilities and growth potential, and expectations regarding the growth of the remote sensing and space tourism markets, among others, are forward looking statements. These statements are based on various assumptions, whether or not identified in this Press Release, and on the current expectations of World View’s and Leo’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of World View and Leo. These forward-looking statements are subject to a number of risks and uncertainties, including but not limited to: the inability of the parties to successfully or timely consummate the Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Business Combination is not obtained; the risk that the Business Combination may not be completed by Leo's business combination deadline; failure to realize the anticipated benefits of the Business Combination; risks relating to the uncertainty of the projected financial information with respect to World View; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive business combination agreement; the effect of the announcement or pendency of the transaction on World View’s business relationships, operating results, and business generally; risks that the Business Combination disrupts current plans and operations of World View; risks relating to World View’s capital needs and ability to obtain adequate financing; the outcome of any legal proceedings that may be instituted against World View or against Leo related to the Business Combination or any related agreements; the ability to maintain the listing of Leo's securities on a national securities exchange; changes in domestic and foreign business, market, financial, political, and legal conditions and changes in the combined capital structure; the ability to implement business plans, forecasts, and other expectations after the completion of the Business Combination, and identify and realize additional opportunities; risks related to the rollout of World View’s business and the timing of expected business milestones; the effects of competition on World View’s business; the risks of operating and effectively managing growth in evolving and uncertain macroeconomic conditions, such as high inflation and recessionary environments; the risks to World View’s business if internal processes and information technology systems are not properly maintained; risks associated with World View’s operational dependence on independent contractors and third parties; risks associated with World View’s reliance on certain suppliers, including recent global supply chain slowdowns and disruptions; risks and uncertainties related to World View’s international operations, including possible restrictions on cross border investments which could harm World View’s financial position; ability to achieve improved margins and cost efficiency; continuing risks relating to the COVID 19 pandemic; and risks associated with World View’s ability to develop its products and achieve regulatory approvals or milestones on the timelines expected or at all. The foregoing list of factors is not exhaustive. Please carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the final prospectus to Leo's registration statement on Form S-1, as amended (File No. 333-249676), the registration statement on Form S-4 to be filed with the SEC by Leo and other documents filed or that may be filed by Leo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that none of Leo or World View presently know or that Leo or World View currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Leo’s and World View’s expectations, plans or forecasts of future events and views as of the date of this Press Release. Leo and World View anticipate that subsequent events and developments will cause Leo’s and World View’s assessments to change. However, while Leo and World View may elect to update these forward-looking statements at some point in the future, Leo and World View specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Leo’s and World View’s assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Certain market data information in this Press Release is based on the estimates of World View and Leo management. World View and Leo obtained the industry, market and competitive position data used throughout this Press Release from internal estimates and research as well as from industry publications and research, surveys and studies conducted by third parties. World View and Leo believe their estimates to be accurate as of the date of this Press Release. However, this information may prove to be inaccurate because of the method by which World View or Leo obtained some of the data for its estimates or because this information cannot always be verified due to the limits on the availability and reliability of raw data, the voluntary nature of the data gathering process.

Important Information

Leo intends to file with the SEC a Registration Statement on Form S-4 (as amended or supplemented, the “Registration Statement”), which will include a preliminary proxy statement/prospectus of Leo, which will be both the proxy statement to be distributed to holders of Leo’s ordinary shares in connection with the solicitation of proxies for the vote by Leo’s shareholders with respect to the proposed Business Combination and related matters as may be described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities to be issued in the Business Combination. After the Registration Statement is declared effective, Leo will mail a definitive proxy statement/prospectus and other relevant documents to its shareholders. Leo’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus, and amendments thereto, and the definitive proxy statement/prospectus in connection with Leo’s solicitation of proxies for its shareholders’ meeting to be held to approve the Business Combination and related matters because the proxy statement/prospectus will contain important information about Leo and World View and the proposed Business Combination.

The definitive proxy statement/prospectus will be mailed to shareholders of Leo as of a record date to be established for voting on the proposed Business Combination and related matters. Shareholders may obtain copies of the proxy statement/prospectus, when available, without charge, at the SEC’s website at www.sec.gov or by directing a request to: Leo Holdings Corp. II, 21 Grosvenor Pl, London SW1X 7HF, United Kingdom or by emailing brown@leo.holdings.

Participants in the Solicitation

This press release is not a solicitation of a proxy from any investor or securityholder. However, Leo, World View and Leo Investors II Limited Partnership and their respective directors, officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies from Leo’s shareholders with respect to the proposed business combination and related matters. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of the directors and officers of Leo and World View in the proxy statement/prospectus relating to the proposed business combination when it is filed with the SEC. These documents may be obtained free of charge from the sources indicated above.

No Offer or Solicitation

This press release is for informational purposes only and is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy or subscribe for any securities or a solicitation of any vote of approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

 

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Contacts
Jack Taylor PR
worldview@jacktaylorpr.com

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Cavli Wireless to Reveal the Ultra Low-Cost CAT1.bis Module C16QS at Embedded World 2023 Germany

SAN JOSE, Calif. - Tuesday, 28. February 2023 AETOSWire Print 


The C16QS is poised to unlock affordable & high-performance solutions for accelerated Cellular IoT adoption

(BUSINESS WIRE)--Cavli Wireless is set to attend the Embedded World 2023 edition in Nuremberg, Germany, from March 14-16, 2023. The event is known for being the largest trade fair for Embedded technology, showcasing various electronic systems, distributed intelligence, IoT, energy efficiency, and more. Cavli will showcase its IoT connectivity solutions in Hall 3, Booth 3-328.

The premier showcase at the Cavli booth will be the newly launched Cavli C16QS, an integrated single-mode LTE CAT1.bis Cellular Module based on 3GPP Release 14, which comes with an integrated eSIM and GNSS. The Cavli C16QS will also offer OEMs implementing IoT to cut down initial hardware costs due to the efficient pricing of the module, which makes it the world’s most affordable LTE CAT1.bis solution in the market. The integrated eSIM coupled with Cavli Hubble Global Connectivity ensures the module can be deployed globally, making it an ideal solution for logistics, automotive, vehicle tracking, and much more.

The Hubble Stack Intelligence enables remote diagnosis, monitoring, and debugging of the C16QS through Hubble Lens, an advanced remote diagnosis feature of the Cavli Hubble IoT platform. This feature eliminates the need for physical intervention, making it possible to scale IoT efficiently. And through its robust operator partnerships in the EU, Cavli has achieved an extensive presence across Europe with its local LTE and LTE-M connectivity solutions, setting new industry standards in service quality and pricing.

Cavli Wireless will also be exhibiting the flagship C-Series Cellular IoT modules featuring LPWAN and Wideband connectivity with a wide range of options in terms of footprint, power consumption, and network capabilities, which makes Cavli Smart Modules an apt choice for any solution customers wish to implement. The Cavli solution expertise team will also be featuring live demos of the Hubble Tech Stack and free solution consulting to the booth visitors. The attendees can book a meeting with the consulting team here: https://www.cavliwireless.com/engagements/product-and-solution-guides.html

"As the primary trade event for technology companies worldwide, Embedded World 2023 provides the perfect platform for unveiling our industry-leading Cellular IoT solutions. Cavli Wireless is excited to join industry leaders in this prestigious event and demonstrate our commitment to democratizing the Internet of Things," commented, Tarun Thomas George, Chief Operating Officer, Cavli Wireless.

About Cavli Wireless

Cavli Wireless is a cellular IoT module manufacturer that combines IoT connectivity and data management into one platform. Cavli designs and manufactures industrial-grade cellular IoT smart modules that improve equipment reliability and expedite application development processes. Cavli's smart cellular modules are equipped with global cellular connectivity through integrated eSIM functionality that provides users with affordable global data pricing, simplified device management, and centralized subscription management through the proprietary cloud-based platform Cavli Hubble.

About Embedded World

Every year, the Embedded world Exhibition&Conference in Nuremberg offers the embedded community the opportunity to find out about innovations, exchange ideas, and maintain and establish valuable contacts. Exhibitors present state-of-the-art on all facets of embedded technologies, from components, modules, and complete systems to operating systems and software, hardware and software tools, and services related to embedded systems.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230228005787/en/


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https://www.aetoswire.com/en/news/2802202330677
Contacts
Ajit Thomas, CMO, Cavli Inc
ajit@cavliwireless.com
+1-650-535-1150
https://www.cavliwireless.com/

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Twiser to Exhibit its OKR and Next Generation Performance Management Solutions at the HR Tech MENA Summit

Twiser is sponsoring the 9th Annual HR Tech MENA Summit. Through its focus on OKR methodology, Twiser offers a solution that next-gen performance management techniques can enhance.

(BUSINESS WIRE)--Twiser is one of the sponsors of the 9th Annual HR Tech MENA Summit on March 1-2, 2023, which is one of the region's leading HR tech events. Excited to network with industry leaders, Twiser is pleased to be able to demonstrate its modern HR and tailored OKR (Objectives and Key Results) solutions.

“We are an ambitious SaaS company backed by innovation platform and startup accelerator Plug & Play Tech Center, which has also invested in brands like Dropbox, Microsoft, Google, and PayPal in the past.

We see OKR as a platform that enables clients to choose how they operate, choosing options that best suit their cultures and needs. Twiser is trusted by over 100 customers from 20 industries across 25 countries and has more than 70 thousand users,” said Ongun Demirler, CEO of Twiser.

Next-Gen Performance Management

“Today's working conditions are characterized by a high degree of uncertainty, rapid change, and an increasing need for agility and adaptability. The OKR framework can be valuable for organizations and individuals to navigate and succeed in these challenging conditions.

Next-gen performance management can complement the OKR framework by providing a more holistic approach to managing and developing employee performance in today's dynamic work environment,” he added.

OKR has a positive impact on revenues

According to a study by Deloitte, companies that use OKRs are more likely to outperform those that don't. Organizations that implemented OKRs are two times more likely to have significant annual revenue growth and are also 69% more likely to have higher levels of agility, which is crucial in today's rapidly changing business landscape.

By setting and tracking goals aligned with the company's overall objectives, teams, and individual employees can ensure that their efforts contribute to the bigger picture. Highly aligned organizations grow their revenue 58% faster and are 72% more profitable than unaligned.

First-ever AI-supported OKR engine

Demirler commented: “Twiser will present its first-ever AI-supported OKR engine that enables clients to create effective and aligned OKRs with greater ease. Combined with next-generation performance management, it ensures organizations take a more holistic approach to managing and developing employee performance."

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230227005546/en/


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https://www.aetoswire.com/en/news/2702202330645
Contacts
Ongun Demirler, ongun@twiser.com

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Xiaomi 13 Series “co-engineered with Leica” Launches in International Markets

 

For the first time, international users can experience pro-grade camera systems with authentic Leica experience on Xiaomi flagships

 

 

Xiaomi unveiled yesterday its latest flagship smartphone lineup – Xiaomi 13 Series – to its international markets at a product launch event in Barcelona, Spain. Through in-depth product collaborations between Xiaomi and Leica, as part of the Strategic Partnership in Imaging Technology, Xiaomi 13 and Xiaomi 13 Pro aim to offer a brand-new smartphone photography experience to its international users. The dual flagship models are co-engineered with Leica and feature professional optical lenses and advanced computational capabilities. They also include Snapdragon® 8 Gen 2 and Xiaomi's Surge battery management system for exceptional performance.

 

"I am truly impressed with the Xiaomi 13 Series - it's a real game changer for me," said Steve McCurry, a world-renowned photographer featured in the International Photography Hall of Fame, the 1st recipient of the Leica Hall of Fame Award, and a Leica ambassador, as he expressed his excitement to Xiaomi 13 Series' international debut.

 

Also introduced during the launch is Xiaomi 13 Lite, which delivers excellent portrait imaging and extended photography options for aspirational young adults.

 

Master-level photography with Leica co-engineered camera system

Xiaomi 13 and Xiaomi 13 Pro's camera systems were developed with Leica, resulting in a pro-level smartphone photography experience. Each phone has a triple camera setup with Leica lenses for optimal hardware, image quality, and UI/UX design.

 

Xiaomi 13 Pro's Leica Vario-Summicron 1:19-2.2/14-75 ASPH. camera system features three lenses covering focal lengths from 14mm to 75mm. The main camera has a 23mm wide-angle lens with a 1-inch IMX989 sensor, while the telephoto lens uses a floating design to focus from 10cm to infinity. The IMX989 sensor, first seen on Xiaomi 12S Ultra, is the largest ever in a smartphone, providing high dynamic range and light-capturing capabilities for detailed and vivid images.

Xiaomi 13 has a 0.6x to 3.2x optical zoom range and a 75mm telephoto lens. Both Xiaomi 13 and Xiaomi 13 Pro offer various camera settings and features for photographers, including the master-lens system for portrait shots, Leica Authentic Look, and Leica Vibrant Look photographic styles. The user-friendly UI also includes fun features like Leica Filters, Leica watermark, and Leica classic shutter sound.

 

Xiaomi 13 and Xiaomi 13 Pro lead in computational photography with the Xiaomi Imaging Engine, offering fast photo capture and automatic focus on moving subjects with Xiaomi ProFocus. Both smartphones have excellent image optimization and manual parameter adjustment in pro mode. Xiaomi 13 Pro has a 10-Bit RAW DNG Camera and Adobe-created Color Profiles for advanced post-editing on Adobe Photoshop and Lightroom.

 

Xiaomi 13 and Xiaomi 13 Pro are great for shooting videos, including "Create in Dolby Vision®" with vivid colors, sharp contrast ratios, and rich details, as well as capturing 4K Ultra Night Videos with HyperOIS video stabilization. These features make them an excellent tool for pro-level videographers.

 

Dazzling speed + performance with Snapdragon®️ 8 Gen 2 and reliability + power with Xiaomi Surge

Xiaomi 13 and Xiaomi 13 Pro run on the Snapdragon®️ 8 Gen 2 mobile platform, with a 42-49% GPU performance and power efficiency improvement, and a 37-47% CPU performance and power efficiency improvement compared to the previous generation. This powerful performance ensures fast and easy handling of tasks like computational photography, real-time AI, and gaming while extending daily battery life. Both devices support Wi-Fi 7 with Qualcomm® FastConnectTM 7800 Mobile Connectivity System, with Xiaomi 13 Pro featuring HBS Multi-Link technology capable of speeds up to 5.8 Gbps and reduced latency, while Xiaomi 13 features DBS Multi-Link technology with speeds up to 3.6Gbps.

 

Xiaomi 13 and Xiaomi 13 Pro have the Xiaomi Surge battery management system with a self-developed Surge charging chip for longer service life and improved experience. Xiaomi 13 has a 4,500mAh battery, the highest energy density under the same power, and supports 67W wired and 50W wireless, both turbocharging. Xiaomi 13 Pro has a 4,820mAh battery with 120W HyperCharge, charging to 100% in just 19 minutes.

 

Premium flagship flaunting a minimalistic design and best-in-class display

Xiaomi 13 comes in Black, White, and Flora Green, and boasts a stylish screen design with flat edges and 2.5D curved back. With a 93.3% screen-to-body ratio and 1.61mm ultra-thin bezels, its large 6.36" FHD+ AMOLED display ensures content is displayed in top-notch color accuracy and brightness while consuming less power.

Xiaomi 13 Pro has a uniform 3D-curved ceramic body, available in Ceramic White and Ceramic Black. It has a 6.73" 120Hz WQHD+ AMOLED display with 1,200 nits full-screen brightness, 1,900 nits peak brightness, and TrueColor display, providing a highly immersive audiovisual experience with support for Dolby Vision®, HDR10+, HDR10, HLG, and Dolby Atmos®.

Both devices offer IP68 dust and water resistance, ensuring optimal protection and peace of mind.

 

Premium services to match

Xiaomi 13 Pro and Xiaomi 13 offer 3 Android system updates and 5 years of security patch updates. Users can get up to 6 months of free trial for Google One and YouTube Premium. Both phones support Android's digital car key feature.

There's also a 1 out-of-warranty repair on both Xiaomi 13 Pro and Xiaomi 13 without labor cost within the first 12 months. Xiaomi offers Smartphone International Warranty Service in over 40 markets worldwide for Xiaomi 13 Pro users who meet warranty conditions. Visit mi.com for more details.

 

Xiaomi 13 Lite boasts versatility with dual front cameras for social media enthusiasts

Xiaomi 13 Lite is designed for young smartphone users passionate about unique selfies and scenes. Its dual front cameras, including a 32MP lens and 8MP lens, capture clear images with natural-looking bokeh. Additional features, such as Dynamic Framing and Selfie zoom, are included to support content creators. Powered by Snapdragon® 7 Gen 1 and a 120Hz AMOLED display, the device also supports 67W fast charging in a slim 7.23mm and 171g package with a 4,500mAh battery.

 

Xiami 13 Series’ availability

Xiaomi 13 Series will be available for sale starting March 8 in the UAE via Xiaomi’s official channels. Xiaomi 13 Pro will come in Ceramic Black and Ceramic White with one storage variant of 12GB+512GB. Xiaomi 13 will come in Black, White, and Flora Green with one variant available of 12GB+256GB, while Xiaomi 13 Lite will come in Black, Pink, and Blue with two variants: 8GB+128GB and 8GB+256GB.

 

Xiaomi Introduces All-new Premium AIoT Offerings to International Markets

Xiaomi launched its latest suite of AIoT products along with Xiaomi 13 Series. The lineup includes Xiaomi Buds 4 Pro, Xiaomi Watch S1 Pro, and Xiaomi Electric Scooter 4 Ultra, promising to revolutionize entertainment. Xiaomi's Buds 4 Pro features upgraded TWS, impressive active noise cancellation, dimensional audio, 9-hour battery life, dual-device connectivity, and wireless charging. Xiaomi Watch S1 Pro combines classic watch design and smartwatch technology with a 1.47" AMOLED display, scratch-resistant sapphire crystal glass, and real-time tracking for over 100 sports activities. Xiaomi Electric Scooter 4 Ultra is the first Xiaomi scooter with a dual suspension system and self-sealing 10-inch tires for a safer and smoother ride.

 

 

Contacts

Joy Hoyek

Joy.hoyek@boopin.com

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From Start-Up To Grown-Up: Milestone Systems Marks 25 Years In Business

Video software company Milestone Systems celebrated its 25th anniversary this month. The Danish-based company was founded in 1998 by engineers John Blem and Henrik Friborg Jacobsen. The pair started the business from a basement and had 80,000 DKK (roughly €10,000 - 38,000+ AED) in seed funding. Today, Milestone generates an annual turnover of over 1 billion DKK (523 billion AED) and employs more than 1,200 people around the world.

The first version of XProtect® – Milestone’s open-platform video management software and core product – was sold in 2002 to an end user in Canada. Since then, Milestone’s technology has been deployed in more than 500,000 installations through a network of distributors and resellers. The technology is used by a variety of end users, from airports to hospitals to tourist attractions. It can be integrated with the vast majority of cameras and other devices.

Modern video software

From 2003, Milestone expanded its footprint beyond its Brøndby headquarters on the outskirts of Copenhagen. The company now has a presence in 26 locations around the globe, including offices in the United States, Singapore, Bulgaria, Mexico, Australia, India and the United Arab Emirates.

Over the years, Milestone has played an important role in creating modern-day video management software for security and analytics. The company emerged during the transition from analog to digital cameras. Digitalization allowed Milestone to build a reliable, open platform upon which third-party technology partners can create add-on applications.

Thanks to the innovations of technology partners and Milestone’s product team, XProtect has grown into a data-driven video technology that addresses a variety of needs, from quickly finding a missing child in a zoo to managing traffic flows in busy cities.

Looking ahead

For Thomas Jensen, Chief Executive of Milestone Systems, the 25th anniversary provides an opportunity to consider how far the company has come – and what the coming decades will bring.

“During the early 2000s, together with three or four other companies, we revolutionized the security industry by leading the transformation from analog to IP (digital) technology,” said Thomas Jensen. “Looking ahead, we are preparing to innovate again. We see a future in which data-driven video technology is a game-changer that will help to make society safer and a better place for us all to work and live.”

As it continues to grow, Milestone aims to further its work in creating responsible technology. Since 2006, the company has adopted a set of core values in which it puts people before technology. In 2009, Milestone incorporated a human rights clause into end user license agreements. In 2017, it co-authored the Copenhagen Letter, a declaration calling on innovative companies to prioritize people when designing and using technology.

Facts about Milestone Systems

Milestone originated from an idea for seamlessly transferring financial data from the stock exchange. Founders John Blem and Henrik Friborg Jacobsen discovered the same technology could be used to transfer video data.

During its start-up phase, the company spent some time in the Symbion incubator in Copenhagen.

In addition to selling software, Milestone also provides a hardware product called Husky. The first version was launched in 2013.

In 2014, Milestone Systems was acquired by the Canon Group, under which it operates as a standalone company.

About Milestone Systems

Milestone Systems is a leading provider of open platform video management software; technology that helps the world see how to ensure safety, protect assets and increase business efficiency. Milestone enables an open platform community that drives collaboration and innovation in the development and use of network video technology, with reliable and scalable solutions that are proven in more than 500,000 installations worldwide. Founded in 1998, Milestone is a stand-alone company in the Canon Group. For more information visit: www.milestonesys.com. For news and other press releases, visit our Newsroom. Click here for information on Trademarks.


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Melwyn Abraham

melwyn@matrixdubai.com

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Radisys Introduces ReachPoint Indoor Navigation and Geo-Location Services for Enterprises

HILLSBORO, Ore. - Monday, 27. February 2023 AETOSWire Print 

(BUSINESS WIRE)--Radisys® Corporation, a global leader of open telecom solutions, today announced the availability of Radisys ReachPoint, a smart network-based geolocation platform that allows Mobile Network Operators (MNOs) to deliver real-time geolocation service capable of reaching places where GPS may not be available, such as inside tall buildings. The solution enables Enterprises to get the location of any connected device without relying on GPS, using geospatial data from cell towers and Wi-Fi nodes. Radisys will be demonstrating new ways of monetizing location-based services using ReachPoint Geolocation service at Mobile World Congress Barcelona.

Indoor navigation within large buildings like airports, concert venues, hospitals, shopping malls and office buildings has been an ongoing challenge within the industry. While many GPS services can help with navigation outdoors, they are often limited indoors where the signal can be blocked due to a building's physical structure. ReachPoint extends indoor navigation capability to places not served by GPS. ReachPoint’s Bluetooth low energy (BLE) beacon-based technology provides a faster, more accurate indoor navigation tool that can be delivered as a standalone application or embedded as a software development kit (SDK) in existing applications. Radisys’ ReachPoint provides a simple mechanism for mobile network operators (MNOs) to monetize their networks in new ways by offering geolocation services for enterprises. Radisys ReachPoint technology has proven savings of up to 25% for Enterprises by optimizing operations through asset tracking and indoor navigation.

ReachPoint Navigation application creates a digital map of the building or space, enabling users to find their place of interest via voice guidance and reach their desired location using the shortest path. Building owners or event organizers can gain value-added insights such as heat maps of visitors, or rank and identify the most visited places to pinpoint new sales kiosks or information booth locations. Additionally, businesses can customize services based on user location, as well as monetize the data insights as a service for building tenants or other vendors. ReachPoint also provides enhanced security monitoring such as breach or trespassing alerts for certain areas to provide businesses with peace of mind.

“Enterprises want mobile applications to report their physical location for multiple reasons such as fraud prevention, services customization, ensuring compliance with local laws and for IoT use cases,” said Natasha Tamaskar, Head of Digital Endpoints Business and Global Marketing, Radisys. “Using Radisys ReachPoint, MNOs have additional opportunities to monetize their mobile networks by creating location insights for enterprises that also help those businesses find additional revenue-generating opportunities.”

Experience ReachPoint Live at MWC Barcelona

To see the ReachPoint demonstrations and learn more about Radisys' Reach portfolio or to meet with Radisys’ open telecom experts at MWC Barcelona 2023, visit Stand 5B81 or contact open@radisys.com.

To check the availability of ReachPoint in your region contact our team at sales@radisys.com or visit the website at www.radisys.com/reach/reachpoint.

About Radisys

Radisys is a global leader in open telecom solutions and services. Its disaggregated platforms and integration services leverage open reference architectures and standards combined with open software and hardware, enabling service providers to drive open digital transformation. Radisys offers an end-to-end solutions portfolio from digital endpoints, to disaggregated and open access and core solutions, to immersive digital applications and engagement platforms. Its world-class and experienced network services organization delivers full lifecycle services to help service providers build and operate highly scalable and high-performance networks at optimum total cost of ownership. For more information, visit www.Radisys.com.

Radisys® is a registered trademark of Radisys. All other trademarks are the property of their respective owners.

 

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Contacts
Nereus for Radisys
Matt Baxter, +1-503-619-0505
radisys@nereus-worldwide.com

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GoldenTree Asset Management to Open Office in the Middle East

NEW YORK - Monday, 27. February 2023 AETOSWire Print 


(BUSINESS WIRE) -- GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $49 billion in assets under management, today announced the opening of its first office in the Middle East in the Dubai International Financial Centre, United Arab Emirates. The Dubai office will become GoldenTree’s ninth location, with offices already active in New York, West Palm Beach, Charlotte, London, Dublin, Singapore, Sydney and Tokyo. Han Gurer will join GoldenTree to oversee Middle East business development through the new Representative Office, and will report to Kathy Sutherland, GoldenTree’s CEO. He joins GoldenTree from Ares Management, where he served as a Principal, leading strategy and relationship management.

Steve Tananbaum, the Founder, Managing Partner and Chief Investment Officer of GoldenTree noted, “We are pleased to establish our first office in the Middle East in Dubai, a leading global financial center. As we have done for the last two decades, we are committed to delivering top quartile, differentiated returns across our product offerings and having a significant, positive impact on our clients’ portfolios.”

Sutherland said that, "For more than 15 years the Middle East has been an important, growing region for GoldenTree. We deeply value being close to our investors and are delighted to establish a local presence with Han Gurer’s leadership to continue to strengthen and grow our relationship with partners in the region. Han brings over a decade of expert business development experience to GoldenTree, and we are pleased to welcome him to the team."

Gurer said, “Credit is top of mind for investors and will only increase in importance in the coming years. The opportunity to join a firm that has had demonstrable investment success over numerous credit cycles in the last 23 years and across a broad array of products is quite exciting and I am greatly looking forward to helping lead GoldenTree’s growth in the Middle East.”

About GoldenTree Asset Management

GoldenTree is a 100% employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured products, emerging markets, private equity and credit-themed equities. GoldenTree was founded in 2000 by Steve Tananbaum and is one of the largest independent, global credit asset managers. GoldenTree manages over $49 billion for institutional investors, including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds. GoldenTree has over 280 employees, with offices in New York, West Palm Beach, Charlotte, London, Dublin, Singapore, Sydney, Tokyo and Dubai. For more information, please visit www.goldentree.com.

 

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Contacts
Investors:
Samantha Jacobson
GoldenTree Asset
Management
646-676-6130
sjacobson@goldentree.com

Media:
Lauren Fernandez
Laurel Strategies, Inc.
207-776-7776
media@goldentree.com

 

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Marlink to Drive Digital Transformation Across French Guiana Leveraging SES’s Multi-Orbit Satellite Network

Marlink to leverage SES’s ultra-high throughput SES-17 satellite and high-performance O3b mPOWER system to bring high-speed broadband to remote villages and enable demanding business applications

(BUSINESS WIRE)--In support of intensifying government initiatives to close the connectivity gap for more than 7,500 households across urban and rural population centres in French Guiana, Marlink has been awarded a Public Service Delegation contract to set up broadband Internet and 4G/5G services via satellite networks covering the entire French region. SES and Marlink today announced they have signed a 15-year agreement leveraging SES’s multi-orbit geostationary (GEO) and Medium Earth Orbit (MEO) satellite network to deliver life-changing, high-speed services to more than 30,000 users throughout the overseas territory of France.

Funded in part by the European Union, the French Government and the Collectivité Territoriale de Guyane (CTG), Marlink and SES will deliver high performance internet access of 30 Mbps across the country. The companies will build and manage local gateway infrastructure to enable the delivery of nearly 3.5 gigabits per second of high-powered satellite capacity for access to consumer broadband, fixed and mobile services in French Guiana. This will also allow schools and institutions located in the region to benefit from better speeds and lower latency to ultimately bridge the digital divide. The services will be split roughly evenly between the recently launched SES-17 high throughput satellite stationed over the Americas and the next-generation O3b mPOWER system.

“We are proud to bridge the digital divide and be part of this nationwide digital transformation to support economic and social growth by connecting critical services and remote communities, as well as educational institutions for the next 15 years,” said Alexandre de Luca, President, Energy, Enterprise and Government at Marlink. “Our provision of digital services has grown with customer demand, and we are again responding with agility and flexibility to deliver connectivity as a service.”

“The digital divide is a challenging reality, especially for small remote villages in places like the Amazonian Forest in French Guiana, and we are partnering with Marlink to enable digital inclusion in some of the most isolated communities in the world,” said Simon Gatty Saunt, Vice President of Networks Sales, Europe at SES. “SES is honoured to play a role in bringing the most advanced and empowering broadband connectivity to the towns, villages, businesses and people throughout the region, which will unlock the full potential of French Guiana.”

SES-17 is SES’s most high-performance GEO satellite and has played a key role in accelerating digital inclusion programmes across the region and improving access to affordable and high-quality satellite-enabled broadband services for business and residential applications. O3b mPOWER is SES’s second-generation MEO communications system and delivers unrivalled performance, enabling customers' operations with high throughput, predictable low latency, and high availability.

Follow us on:
Twitter | Facebook | YouTube | LinkedIn | Instagram
Read our Blogs >
Visit the Media Gallery >

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 ~8,000 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 Marlink

Marlink is the trusted partner in fully managed smart network solutions, based on an intelligent hybrid network and unrivalled digital solutions. The company provides Smart Network Solutions, connecting people and assets around the globe and across all markets where conventional connectivity cannot reach or is not available. Marlink’s Intelligent Hybrid Network combines global satcom and terrestrial technologies via a proprietary global infrastructure. The Marlink Smart Edge, an integrated service delivery platform, orchestrates and optimises all network elements and applications, from data handling and IT to application-based routing (SD Wan), cloud and Digital Solutions, including remote data and IT, cyber security as well as IoT/OT solutions. This provides customers with full ‘Peace of Mind’ that their chosen network solution is fully optimised, integrated and has the security required to operate more profitably and sustainably, increasing their efficiency and safety through operational optimisation, tracking and routing, monitoring and reporting. Marlink’s Smart Network Solutions are provided as Managed Services meeting the highest quality standards and service level agreements. The company proactively monitors and supports network solutions, providing alerts, reporting and insights on performance and usage of connectivity, systems, and applications as well as advice and consultancy on how to further optimise customer networks.

www.marlink.com

 

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

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Patent Pool May Be a Key Factor in Open RAN Adoption, Report Says

(BUSINESS WIRE) -- A patent pool may play a key role in the adoption of Open RAN technology, according to a recent report published by Harvard Business School Professor Josh Lerner and Bella Private Markets.

The report entitled “Accelerating innovation in connectivity: The case for an Open RAN patent pool”, which can be found here, was commissioned by Alium, a joint venture between MPEG LA and Unified Patents. Alium launched the Open RAN Patent Portfolio License last year. See https://www.alium-llc.com/blog/alium-introduces-open-ran-patent-portfolio-license

"Patent pools have historically played a critical role in supporting innovation by reducing risks around intellectual property and encouraging investment in new technologies. One such technology is Open RAN, a key component in unlocking widespread 5G adoption,” said Professor Lerner. “The Alium pool represents one effort to accelerate the adoption of Open RAN and help realize its many potential benefits."

“We appreciate the work of Josh Lerner and Bella Private Markets demonstrating a patent pool’s role in the adoption of Open RAN technology,” said Craig Thompson, a licensing executive at Alium. “While Open RAN has the potential to reshape the market for mobile telecommunications by increasing vendor diversity, lowering costs and energy consumption, facilitating wider adoption of 5G, and giving operators greater control over their networks, it relies on a crowded and complex patent landscape with little or no royalty benchmarking information. That’s where the Alium Patent Pool comes in. Based on our experience, we are confident that Alium’s Open RAN Patent Pool will reduce royalty stacking, hold-up, and expensive litigation risks, helping Open RAN implementers save billions in costs while accelerating future revenue growth, profitability, and new service deployments.”

Alium’s objective is to offer worldwide access to as many Open RAN essential patents as possible to everyone on the same terms under a single license. Alium welcomes the participation of any party with at least one patent that is essential to the Open RAN Standard. For more information, please go to https://www.alium-llc.com/licensors.

Josh Lerner and Bella Private Markets

Bella Private Markets focuses exclusively on providing solutions to the challenges facing the private capital industry. Led by Harvard Business School Professor Dr. Josh Lerner, Bella combines rigorous academic approaches with real world industry expertise to provide actionable insights for its clients. Bella focuses on complex, customized projects that require thorough analysis, whether quantitative or qualitative in nature, to help its clients improve performance, optimize operations, and chart winning strategies for the future.

Alium

Alium, a joint venture between MPEG LA and Unified Patents, supports Open RAN with the first patent pool for telecommunications infrastructure. Open RAN provides network operators with greater control and flexibility in deploying 4G and next generation 5G networks, and the Alium patent pool provides a one-stop solution to the uncertainty and risk posed by as many as tens of thousands of patents owned by numerous patent owners that cover the 3GPP standardized lower physical layer functionalities performed by radio units applying the O-RAN Alliance’s 7-2x baseband architecture split.

 

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Contacts
Tom O’Reilly
Alium
Tel: 303.200.1710
tom@alium-llc.com

 

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Luxembourg Announces Intent to Leverage SES’s O3b mPOWER for Europe and NATO

LUXEMBOURG - Friday, 24. February 2023 AETOSWire Print 

Medium Earth Orbit (MEO) Global Services programme will leverage SES’s O3b mPOWER system to provide sovereign solutions for defence and disaster recovery missions and support strategic partnerships between Luxembourg and the U.S.

(BUSINESS WIRE) -- The Government of Luxembourg unveiled its intent to leverage SES’s high-performance, second-generation Medium Earth Orbit (MEO) system – O3b mPOWER – as a critical resilient satcom infrastructure for Luxembourg, its partners and NATO in the areas of defence and security, disaster recovery and more, SES announced today.

In a press conference, Luxembourg Deputy Prime Minister, Minister of Defence, François Bausch said that the Luxembourg Government is proud to be utilising highly innovative satellite technology that was developed in the country by its leading space player, SES. The programme – MEO Global Services (MGS) – valued at €195 million over 10 years will authorise, when passed by Luxembourg parliament, the acquisition and operation of O3b mPOWER services. In late 2022, Luxembourg and the U.S. entered into a support partnership with the aim of commercially contracting satellite communications capabilities through the NATO Support and Procurement Agency (NSPA). The MGS programme will be realised through this partnership.

The O3b mPOWER MEO system that SES began launching in 2022 brings unrivalled performance for a wide range of sovereign government missions spanning defence, disaster recovery, operations, and community building and welfare for deployed staff. With its unprecedented levels of flexibility, the unique system provides guaranteed performance and uncontended connectivity services for dedicated, protected, carrier-grade data, unlocking full access to real-time information, high-resolution images and video, cloud applications and secure networks.

The open architecture and unique security features of the O3b mPOWER system enables governments to operate sovereign gateways and networks on a global basis. It can also be easily integrated into existing governments' satcom capabilities, permitting multi-orbit resiliency to NATO and allies’ systems and elevating them to the next level of performance and security.

“This ambitious new project carried out through the NSPA will consolidate Luxembourg’s position as a reliable partner in space. The satellite communication capabilities of SES’s O3b mPOWER will reinforce Euro-Atlantic joint deterrence and defence. The aim is to support our Allies, the EU Member States and the international organisations of which Luxembourg is a member,” said Minister Bausch. “We will increase the resilience, flexibility and connectivity of our satcom capabilities while creating synergies through cooperation with nations who share our values.”

“We are proud to support the Luxembourg Government’s space defence strategy and leverage the unique space-based capabilities of SES to enable greater cooperation between Luxembourg and its partners,” said Steve Collar, CEO of SES. “O3b mPOWER has been designed with the unique needs of governments firmly in mind and brings unprecedented levels of guaranteed performance to support defence, security and sovereign networks as well as disaster recovery and response for a safer and more secure Europe and beyond.”

For more information and photos about O3b mPOWER, please visit the newsroom and the media gallery.

Follow us on:

Twitter | Facebook | YouTube | LinkedIn | Instagram

Read our Blogs >
Visit the Media Gallery >

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

 

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Contacts
For further information please contact:

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

 

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Tecnotree Achieves Impressive Q4 and 2022, and Continues to Enjoy a Strong Order Book Position While Delivering Customer Commitments

(BUSINESS WIRE)--Tecnotree, a global digital platform and services leader for 5G and cloud-native technology, today announced its financial results for the fourth quarter and full year of 2022. The company has exceeded its target for 2022 with an 11.5% growth in revenue, showing strong progress in all regions.

Key Highlights for the full year 2022:

Net sales were EUR 71.6 million with a growth of 11.5% as compared to last year.
The full-year operating result was EUR 18.3 million, a decrease by 22.7% as compared to last year
The net result for the full year was EUR 11.6 (18.3) million, a decrease by 36.7% as compared to year
Order book recorded at the end of the year was EUR 68.9 million, showing a 28.8% increase compared to last year
Earnings per share were EUR 0.04
Tecnotree CEO, Padma Ravichander, said, “Tecnotree witnessed a surge in demand for its products resulting in another record level order book position. We continued to receive big orders from large tier 1 operators for our Digital BSS Suite 5, which requires that we invest to deliver these orders expeditiously. This will ensure long term recurring revenue from these new customers. Furthermore, as a product company, we witnessed 32% growth in our license revenue, which demonstrates strong trust in Tecnotree and provides credible references to our potential customers. We registered an increase of 7% in recurring revenue compared to the same period last year, which validates the stability of our platform and our ability to rapidly deliver our digital stack to multiple customers simultaneously.”

She further commented, “Tecnotree has set the standard in some respects this year, being the first non-telco in the world to be recognised for Real-World Open APIs by TMForum implementation, which ensures quick and rapid integrations to accelerate business growth and advancement in our partner ecosystems in the 5G and Cloud era. Through its acquisition of the award-winning, and Forrester recognised CognitiveScale platform, Tecnotree has secured 108 granted patents for AIML engineering. This makes Tecnotree a market leader in this space to help further humanise digital experiences with data driven intelligence for its customers across the globe. Tecnotree has also been recognised by Gartner for Customer Experience Management and Revenue Monetisation Management in 2022. In addition, Tecnotree also announced a fast-track global ISV partnership with Microsoft to accelerate the digital transition to cloud with Microsoft Azure.

I want to thank our employees, customers, and shareholders for their continued trust and support, and look forward to building on our momentum as we enter the new year.”

Some other significant milestones and business achievements for the year included:

Tecnotree acquired CognitiveScale award-winning AIML platform with 108 granted patents in the United States to further enhance Tecnotree’s AI-enabled total customer experience, creating new prospects in North America
The company announced simultaneous production launch of its Digital BSS suite across Europe, the Middle East, and Africa for some of the largest operators, with over 100 million subscribers
Tecnotree announced its partnership with MTN Nigeria on a new initiative- Metamorphose Powered by Tecnotree. MTN Metamorphose is a transformation program to enhance the company’s digital presence for consumers and enterprises enabled by Tecnotree’s digital suite.
The company was recognized by Gartner® as a representative vendor in the market guide for CSP Revenue Management and Monetization Solutions. Tecnotree’s key investments in the areas of Cloud-based B2B2X ecosystem through Moments, its SaaS offerings that are compatible with the big three clouds (Azure, AWS, GCP), and its Fintech growth through the Diwa platform, led to this recognition
Tecnotree acquired several awards including “Change-maker of the year” by the Helsinki Stock Exchange Foundation and the Telco Partner of the Year (ISV) Award from MongoDB
About Tecnotree

Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML capabilities and multi-cloud extensibility. Tecnotree is among the first companies in the world to be Platinum Certified by TM Forum Open API standards, and our agile and open-source Digital BSS Stack comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is listed on Helsinki Nasdaq (TEM1V).

For more information, please visit www.tecnotree.com or social media channels – LinkedIn I Facebook I Twitter I YouTube

 

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Padma Ravichander, CEO
Email: marketing@tecnotree.com

 

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ABB Publishes Its First Integrated Report

 

Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

  • Report covers ABB’s 2022 financial and sustainability performance
  • New 2025 mid-term sustainability targets for emissions in own operations and suppliers’
  • Reduction of company’s own GHG emissions by 65% since 2019

 

(BUSINESS WIRE) -- ABB today published its first integrated report, which highlights progress against the company’s strategy and demonstrates how ABB creates value holistically for its stakeholders in the short-, medium- and long-term. As ABB’s primary report at Group level, this report is aimed at a broad range of stakeholders and integrates the most important material information on the company and its strategy, business, governance as well as its financial and sustainability performance. In addition to the integrated report, ABB’s 2022 annual reporting suite published today includes its Financial Report, Corporate Governance Report, Compensation Report, Sustainability Report as well as the Form 20-F that was filed with the United States Securities and Exchange Commission.

“I am pleased to present ABB’s first integrated report, which explains how our company purpose enables us to drive performance and create value for our stakeholders. The report shows how the various parts of our global company fit together to deliver improved financial results while contributing to a more sustainable society,” said ABB Chairman Peter Voser. “It also provides an overview of the external environment in which we are operating and how we intend to meet our targets in the short-, medium- and long-term. Naturally, the report also covers our performance over the past year and it is these achievements that make me most proud and confident in our team’s ability to deliver on our ambitious financial and sustainability targets in the years ahead.”

New 2025 mid-term sustainability targets launched to improve accountability

Since the launch of its 2030 sustainability strategy in November 2020, ABB has made continuous progress toward its goals of enabling a low-carbon society, preserving resources, promoting social progress, and creating a culture of integrity and transparency along the extended value chain.

ABB CEO Björn Rosengren said: “Against the backdrop of a year of crises and setbacks for society, it is clear that ABB’s purpose – to enable a more sustainable and resource-efficient future with our technology leadership in electrification and automation – is more relevant than ever, especially when it comes to tackling climate change.”

To increase accountability, ABB today published new 2025 mid-term targets for the low-carbon society pillar of its sustainability strategy. The targets include:

  • Reduce own scope 1 and 2 CO2e emissions by at least 70 percent

  • Work with main tier-one suppliers1 to reduce their scope 1 and 2 CO2e emissions by 20 percent

Steady progress towards 2030 sustainability goals

In 2022, ABB reduced greenhouse gas (GHG) emissions in its own operations 42 percent. Since 2019, the company achieved a total emissions reduction of ~65 percent. In addition, ABB helped its customers reduce or avoid GHG emissions through its leading electrification and automation technologies.

ABB also continued to advance on the other three pillars of the strategy. In 2022, it strengthened its circularity approach by defining clear key performance indicators (KPIs) for every stage of the product life cycle, from design to end-of-life. One important initiative was the launch of our EcoSolutions™ label, which provides full transparency into the circularity value and environmental impact of a product, verified by a third party.

When it comes to social progress, ABB improved workplace safety with a 29 percent year-on-year decrease in its lost-time injury frequency rate (LTIFR). The company also increased gender diversity in senior management with a year-on-year increase in the share of women in senior management from 16.3 percent to 17.8 percent, and it also enhanced its human rights due diligence process. In addition, ABB made considerable progress toward its 2030 goal of implementing a comprehensive, risk-based approach to ensure a consistently high standard of integrity across our organization.

Adhering to internationally recognized standards and frameworks

ABB’s integrated report is based on elements of the International Integrated Reporting Framework while the financial statements are prepared in accordance with US GAAP. Sustainability information is provided in accordance with the GRI Standards and also covers the SASB Standards, the TCFD (Task Force on Climate-Related Financial Disclosures) Recommendations, the EU taxonomy and the 10 principles of the UN Global Compact.

The full annual reporting suite including the Integrated Report and Sustainability Report can be accessed and downloaded here.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com

1

 

Suppliers covering 70 percent of ABB’s annual procurement spend.

 

 

 

 

Contacts

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

Media Relations
Phone: +41 43 317 71 11
E-mail: media.relations@ch.abb.com
or
Investor Relations
Phone: +41 43 317 71 11
E-mail: investor.relations@ch.abb.com

 
 

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International Chamber of Shipping: Shipping community calls on UN to urgently evacuate seafarers trapped in Ukrainian ports


(BUSINESS WIRE) -- The world’s leading maritime organisations and companies have released an open letter calling on United Nations Secretary-General Antonio Guterres to urgently prioritise the evacuation of 331 seafarers and 62 ships that remain trapped in Ukrainian ports.

The 34 signatories, including the International Chamber of Shipping, NKY Line, the Union of Greek Shipowners, Danish Shipping, and seafarer charities, called the situation an ‘unacceptable risk to life.’

In February 2022, 112 vessels crewed by more than 2,000 seafarers were berthed in Ukranian ports across the Black Sea and the Sea of Azov. Since then, 1,700 have been safely evacuated and have been able to return to their families or return to their work of keeping global trade flowing.

The remaining 331 seafarers from countries such as Bangladesh, Philippines, Turkey, Syria, China, Egypt, Lebanon, Greece, Indonesia, Ghana, India, Azerbaijan and Georgia, remain to maintain the safety and protect against environmental harm. No other industry have non-combatants in the area over a year on from the start of the conflict, as they can only leave when the ships leave.

Some of the ports where these seafarers remain have resumed operability, facilitating the Black Sea Grain Initiative. Shipping has been integral in carrying out this UN-brokered humanitarian effort, with crews sailing along the borders of the conflict zone to ensure the world continues to receive vital grain deliveries. However, ships who are not able to transport grain are excluded and remain trapped.

Since the onset of the war, shipping companies, charities, and unions have continually called for the safe and immediate evacuation of the trapped seafarers. They have also worked in coordination with international organisations to facilitate the evacuation effort, supported the trapped seafarers’ families, and provided the seafarers with provisions including food, clean water, and medical supplies.

To mark the one-year anniversary of the war in Ukraine, the shipping community sent this open letter to UNSG Guterres, calling on him to use his diplomatic abilities to evacuate the remaining seafarers ships.

- ENDS -

Notes to editors:

About ICS

The International Chamber of Shipping (ICS) is the principal international trade association for merchant shipowners and operators, representing all sectors and trades and over 80% of the world merchant fleet.

www.ics-shipping.org

 

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Contacts
Katerina Dimitropoulos, Communications Manager, ICS
katerina.dimitropoulos@ics-shipping.org / +44 7494 363434

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FarEye’s Eye On Last-Mile Delivery Report Uncovers Retailers’ and Logistics Providers’ Delivery Priorities and Opportunities Through 2027

FarEye’s global research findings reveal that reducing cost to deliver while boosting consumer experience is the pinnacle of last-mile delivery success

(BUSINESS WIRE)--FarEye released the full findings of its Eye on Last-mile Delivery Report today, conducted with Researchscape International, which explores retailers’ and logistics providers’ last-mile delivery priorities and opportunities over the next five years.

Logistics providers’ priorities for performance improvement differs by company size

FarEye’s research findings for logistics providers reveals that for providers over $100 million in revenue, on-time delivery (74%) and cost per delivery (62%) are their top two priority KPIs to improve. For providers under $100 million in revenue, their top two priorities are cost of delivery (73%) and customer satisfaction (64%). As logistics providers grow, complexity and scale increase, where on-time deliveries become more challenging to execute with precision.

“Unlike retail, last-mile delivery is the backbone of logistics providers’ operations and their goals will be focused on delivery performance and cost efficiencies, above all. While their priority improvement metrics don’t differ heavily from retailers’ priority improvement areas, the difference lies in the size of the logistics provider. With size comes complexity, but also efficiency, where the cost per delivery goes down, but the difficulty in managing and tracking orders goes up,” said Stephane Gagne, vice president, product, FarEye.

Retailers and logistics providers must work together to achieve superior deliveries

How retailers and logistics providers work together to achieve the pinnacle delivery experience - one that simultaneously reduces cost to deliver while increasing customer satisfaction will be crucial. Outsourced delivery networks have become a way for retailers to increase speed to deliver (64%) and reduce cost (37%) of last-mile delivery, however, it comes with the sacrifice of less control of the consumer experience.

FarEye’s initial report findings denote that 84% of retailers that have outsourced their delivery networks want more control of their delivery networks. Specifically, 33% of retailers are challenged by logistics providers’ inability to provide reliable information and they rank carrier performance as the top factor that inhibits delivery speed.

Logistics providers’ last-mile delivery growth priorities

Over the next year, 77% of logistics providers expect their budgets for last-mile delivery technology to grow. Eighty-two percent of logistics providers claim they will likely change or buy a new last-mile delivery solution in the next 1-2 years. Forty percent of logistics providers expect to buy a last-mile delivery platform in the next five years, vs. building their own in-house (40%).

Similar to retailers, logistics providers are also evaluating electric vehicles (80%), autonomous vehicles (44%) and drones (38%) to make their fleets more sustainable and efficient, over the next five years.

Research Methodology

The FarEye Eye on Last-mile Delivery research was released in two parts, in January and February 2023. FarEye analyzed responses from 300 leaders across retail and logistics with responsibility for logistics and retail operations in the U.S. (32%), EMEA (36%) and APAC (32%) regions.

About FarEye

FarEye’s Delivery Management platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last-mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005114/en/


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PR Contact:
Jolene Peixoto, VP, marketing strategy & communications, jolene.peixoto@fareye.com

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Notice of ABB’s Annual General Meeting on March 23, 2023

ZURICH - Friday, 24. February 2023 AETOSWire Print 

(BUSINESS WIRE) -- ABB today published the invitation to its Annual General Meeting (AGM), which will be held on Thursday, March 23, 2023. The invitation can be found attached and at www.abb.com/agm.

ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated. Building on more than 130 years of excellence, ABB’s ~105,000 employees are committed to driving innovations that accelerate industrial transformation. www.abb.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005952/en/


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Contacts
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com
or
Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com

 

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Telford Offshore Announces Completion of Sales Process and Acquisition by Merced Capital

DUBAI, United Arab Emirates
Robert Duncan appointed CEO to lead next chapter of growth

(BUSINESS WIRE) -- The Telford Offshore group (“Telford Offshore” or “the Company”) announced today that it has been acquired by entities affiliated with Merced Capital. The acquisition represents the completion of the previously announced competitive sales process (the “Sales Process”). Telford Offshore is now wholly owned by Merced Capital.

As part of the transaction, Merced Capital, advised by Sidley Austin, has provided an injection of new capital in the Company to support its next chapter of growth and improve its balance sheet, reducing its net debt position to zero post-transaction. With the backing of a supportive financial sponsor and substantially enhanced liquidity, Telford Offshore will be well-positioned to benefit from the recovery underway in the global energy industry and the associated robust demand for offshore services.

Telford Offshore also announced that Robert Duncan has been appointed as new Chief Executive Officer of the Company. Mr. Duncan will assume his responsibilities effective immediately, succeeding Fraser Moore. A respected executive with over two decades of experience leading global teams in the offshore energy and marine industries, Mr. Duncan most recently served as Founder and Chief Executive Officer of Capital Strategies International and prior to that was Chief Executive Officer of Seafox International.

Joe McElroy, Partner at Merced Capital, said “We have been Telford Offshore’s primary financial sponsor since the inception of the Company and look forward to continuing to support the team in this new chapter of its corporate history. We thank Fraser for the strong foundation he built at Telford and his support during this transition. Looking ahead, we are confident that Robert is the ideal leader to develop and strengthen the Company’s platform and to capitalize on growth opportunities in the offshore services market.”

“I am honored to join Telford Offshore at this pivotal time for the Company and at an important moment in our industry, which is in the early phases of what we expect to be a strong recovery after several challenging years,” said Robert Duncan, Chief Executive Officer of Telford Offshore. “Under its new ownership and with a streamlined balance sheet, Telford is poised to further establish ourselves as an industry leader.”

Telford Offshore’s ongoing commitments to clients, vendors and employees will be unaffected and current operations will continue in normal course. At present, Telford Offshore has five assets, which are all currently under contract to work with strong counterparties, including national oil companies (NOCs) and international oil companies (IOCs):

– Telford 25 with an 800-ton crane, rigid pipelay capable, 1,500 m2 of deck space and 379 berths
– Telford 28 with a 270-ton crane, 1,500 m2 of deck space and 462 berths
– Telford 30 with a 270-ton crane, rigid pipelay capable, 300 m2 of deck space and 480 berths
– Telford 31 with a 400-ton crane, 1,300 m2 of deck space and 477 berths
– Telford 34 with an 800-ton crane, rigid pipelay system, 1,350 m2 of deck space and 339 berths

Robert Duncan Biography

Mr. Duncan has held a number of C-suite roles at organizations in the global energy industry over the past two decades. He has been based in the United Arab Emirates for the past 17 years. Most recently, Mr. Duncan established and led Capital Strategies International Limited (CSIL), which delivers high quality professional services to offshore energy and marine sector companies as well as financial institutions. Prior to that, Mr. Duncan held a variety of roles including Chief Commercial Officer, Chief Executive Officer and Chief Financial Officer at Seafox International, an international offshore energy and marine services company, from 2007 to 2017. Mr. Duncan also currently serves as Non-Executive Director and Board Member of Advance Global Recruitment, a leading contract and permanent solutions recruitment business servicing the global offshore energy sector, and is the Exclusive Agent to the Middle East for the Van Aalst Group B.V.. Mr. Duncan is a qualified member of the Institute of Chartered Accountants of Scotland (ICAS), and also the Chartered Institute of Public Finance and Accountancy (CPFA).

About Telford Offshore

Telford Offshore’s fleet comprises five modern vessels: Telford 25, Telford 28, Telford 30, Telford 31 and Telford 34. Their DP3 capabilities and permanent walk-to-work systems allow them to benefit from safe and very high connectivity rates to fixed and mobile production installations, reducing downtime whilst on station. Their multi-purpose capabilities ensure that diverse operations can be undertaken by one vessel. Each vessel is able to provide accommodation services, subsea and topside heavy lift services, lay rigid and flexible pipe and carry out subsea construction. Telford Offshore is adaptable to client requirements and operates in the most challenging environments, delivering safe access to and support of offshore worksites. For more information visit www.telfordoffshore.com.

About Merced Capital

Merced Capital is a private investment firm founded in 1988 and based in Minneapolis, MN. The firm manages capital on behalf of institutional investors, including leading endowments, pension funds, and family offices. The firm has extensive relevant experience in the global energy, shipping, and offshore services industry.

 

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Contacts
For further information:
FGS Global
E: merced@fgsglobal.com
or
Telford Offshore
E: contact@telfordoffshore.com

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Pentavirate Launches $100m Luxembourg Sukuk, Rated A-

Seattle, United States. - Monday, 20. February 2023

Pentavirate, a Seattle-based global investment firm, announces the issuance of a 5-year U.S. dollar denominated Sukuk of $100 million, backed by U.S. commercial real estate. The investment has received an institutional rating of (A-) from EuroRating and is being reviewed by Amanie Advisors to secure the Islamic Fatwa.

“Pentavirate's debut offering is part of an overall $2 billion multi-series Ijara Sukuk program. The first series will target acquisitions of North America's highest-yielding commercial real estate, focusing on self-storage, industrial logistics and senior housing.” said Chad Gleason, Pentavirate’s Managing Director. "Our objective is to provide global investors with exposure to stable, Shariah-compliant assets in the United States," added Mr. Gleason.

Danish Chotani, CEO of Burj Financial and Placement Advisor to Pentavirate in the Middle East, shared, “Sukuk statistics show that 90% of issuers and 80% of their investors are in the Middle East and Southeast Asia; thus far, there has been a lack of developed market issuances that allow investors with Shariah mandates to diversify their portfolios toward fixed-income assets in high-growth western economies. The few times these issuances have occurred, the intense demand has resulted in oversubscription.” Mr. Chotani, further added, "The first series of our non-leveraged Ijara Sukuk will have a 5-year term, offering a coupon aligned with the underlying investment, plus an offering size that can adapt on demand”.

Pentavirate has hired international law firm Mayer Brown to advise on the issuance of the $100 million Sukuk. Pentavirate’s team has a successful track record in acquiring cash-flowing properties from owner-operators and then upgrading them to institutional-level performance for later disposition to Real Estate Investment Trusts (REIT) and fund managers.

The first series is expected to be issued by Q2 of 2023. The selection of a lead arranger and the subsequent investment road show are currently underway.

About Pentavirate

Pentavirate is a full-service capital placement firm, specializing in risk-adjusted investment vehicles. Pentavirate provides a solution to over $1 billion of estimated dry powder, while addressing the growing need for Shariah compliant investments, with the guidance of Shariah Scholars. Additionally, our legal and regulatory partnerships in Luxembourg and Delaware ensure the safe and expeditious return of capital to our investors.

Our established relationships with North American national and regional asset managers benefits our investors to be first to market, and ready capital provides the competitive advantage in this fast-moving market. The combined experience of our team has a proven track record of asset management, asset improvement and financial reporting to deliver full transparency.

Our due diligence and analytics continue to point to acquisitions for self-storage, senior housing, and multifamily in secondary and tertiary North American markets as a stable securitization for our debt offering. These institutional-grade assets have gained strong interest from investors for their resilience to economic stressors year after year returns.

http://www.pvcompliant.com/investments/sukuk

 

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Contacts

CHAD GLEASON

MANAGING DIRECTOR

Chad@pentavirate.com

+971 58 581 3502

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