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Blog posts March 2023

Huawei Releases 2022 Annual Report: Steady Operations, Sustainable Survival and Development

SHENZHEN, China - Friday, 31. March 2023 AETOSWire Print 


(BUSINESS WIRE) -- Huawei released its 2022 Annual Report today. The company reports steady operations throughout 2022, having generated CNY642.3 billion in revenue and CNY35.6 billion in net profits. Huawei continues to strengthen investment in R&D, with an annual expenditure of CNY161.5 billion in 2022, representing 25.1% of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than CNY977.3 billion.

"In 2022, a challenging external environment and non-market factors continued to take a toll on Huawei's operations", said Eric Xu, Huawei's Rotating Chairman, at the company's annual report press conference. "In the midst of this storm, we kept racing ahead, doing everything in our power to maintain business continuity and serve our customers. We also went to great lengths to grow the harvest – generating a steady stream of revenue to sustain our survival and lay the groundwork for future development."

Also present at the event was Sabrina Meng, Huawei's CFO. She noted, "Despite substantial pressure in 2022, our overall business results were in line with forecast. At the end of 2022, our liability ratio was 58.9% and our net cash balance was CNY176.3 billion. In addition, our balance of total assets reached one trillion yuan, largely composed of current assets such as cash, short-term investments, and operating assets. Our financial position remains solid, with strong resilience and flexibility. In 2022, our total R&D spend was CNY161.5 billion, representing 25.1% of our total revenue – among the highest in Huawei's history. In times of pressure, we press on – with confidence."

In 2022, revenue from Huawei's carrier, enterprise, and consumer businesses was CNY284 billion, CNY133.2 billion, and CNY214.5 billion, respectively.

Huawei is a strong proponent of growing together with its ecosystem partners, and believes that openness and collaboration lead to shared success. The company has continued to open up its platform capabilities across its HarmonyOS, Kunpeng, Ascend, and cloud portfolio, focusing on improving developer experience as well as enabling and supporting its ecosystem partners on all fronts. Huawei currently works with more than nine million developers and over 40,000 ecosystem partners to fuel ecosystem-based innovation and create greater value for its customers.

"2023 will be crucial to Huawei's sustainable survival and development," Xu noted. "Plum blossoms tend to grow sweeter from a harsh winter's freeze. Today, Huawei is like a plum blossom. While it's true that we have considerable pressure ahead of us, we have what it takes to come out the other end – with opportunities to grow, a resilient business portfolio, a unique competitive edge, the enduring trust of our customers and partners, and the courage to invest heavily in R&D. We are confident in our ability to rise above any challenge that comes our way, laying a solid foundation for sustainable survival and development."

All financial statements in the 2022 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download the 2022 Annual Report, please visit https://www.huawei.com/en/annual-report/2022

Note: The 2022 closing exchange rate is US$1.00 = CNY6.9533

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230331005166/en/


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corporate.comms@huawei.com

 

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Thales pioneers Post Quantum Cryptography with a successful world-first pilot on phone calls

PARIS LA DÉFENSE - Friday, 31. March 2023 AETOSWire Print 


Thales, leader in advanced technologies, successfully experimented end-to-end encrypted phone calls, tested to be resilient in the Post Quantum era.
The pilot was performed with the Thales ‘Cryptosmart’ secure mobile app and 5G SIM cards installed in today's commercial smartphones, testing a mobile-to-mobile call, voice/data encryption, and user authentication.
Any data exchanged during the call is set to be resistant to Post Quantum attacks thanks to a hybrid cryptography approach, combining pre-quantum and post-quantum defence mechanisms.
 

(BUSINESS WIRE)--Thales, as a worldwide cybersecurity leader, has created the first real-world application of Post Quantum Cryptography (PQC) in its flagship secure ‘Cryptosmart’ mobile app, leveraging 5G SIM for PQC. In the pilot, hybrid cryptography (pre and post quantum crypto) was used in a phone call between two devices to protect the information exchanged during the call. Thales has invested and tested post-quantum cybersecurity technologies over the last decade in order to prepare for these emerging threats.

Even if today's quantum computer1 prototypes are still far from posing a threat to public key cryptography, it is critical to begin investigating resilient solutions. For example, there is a variant of "store now, decrypt later" attacks that consists in storing today's exchanged data and messages in order to decrypt these messages once Quantum Computers are available. This means the majority of digital infrastructure security based on public key cryptography (PKC) may already be vulnerable to a quantum attack.

Such threats are relevant for scenarios involving highly sensitive information, such as classified information exchanged over an encrypted phone call. To address these threats, Thales created a proof of concept to test the scalability and quality of its solutions, which range from 5G SIM cards to secure communication software.

This first real-world quantum protected mobile solution, which combines Thales' 'Cryptosmart' application and its 5G SIM, employs hybrid cryptography, as recommended by the NIST (National Institute of Standards and Technology). ‘CRYSTALS-Kyber’, one of the four algorithms selected by the NIST2, is the PQC algorithm natively implemented in the 5G SIM and used by Cryptosmart application to encrypt the communication.

“Building defences against threats that do not yet exist may appear to be a daunting task. That is exactly the prospect that the global cybersecurity community faces with the impending arrival of quantum computing. The post-quantum era is still years away, but as quantum computing becomes more prevalent, practicing crypto agility now with such pilots and trials are helping Thales and its customers get prepared” said Philippe KERYER, Executive Vice President Strategy & Technology at Thales.

1 Computers that can perform certain tasks much faster than today's computers on a large scale.
2https://www.nist.gov/news-events/news/2022/07/nist-announces-first-four-quantum-resistant-cryptographic-algorithms

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies, investing in digital and “deep tech” innovations — connectivity, big data, artificial intelligence, cybersecurity and quantum computing — to build a future we can all trust, which is vital to the development of our societies.

The company provides solutions, services and products that help its customers —businesses, organisations and states — in the defence, aeronautics, space, transportation and digital identity and security markets to fulfil their critical missions, by placing humans at the heart of the decision-making process.

Thales has 81,000 employees in 68 countries. In 2021, the Group generated sales of €16.2 billion.

PLEASE VISIT

Thales Digital Identity & Security
Thales unveils three quantum technologies set to revolutionise the world of tomorrow | Thales Group
Business Data Protection and Cybersecurity | Ercom


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Contacts
PRESS CONTACT

Thales, Media Relations
Digital Identity and Security
Vanessa Viala
+33 (0)6 07 34 00 34

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MIR4 Updates ‘Sabuk Clash’ to Determine the Most Powerful Clan

- Sabuk Clash, tournament style Castle Siege content between the King's clans of all servers
- Given the authority to manage Sabuk Castle territories, adjust taxes, and more upon becoming the Emperor's clan
- Check-in events that offer various items are held to celebrate the update of new content

 

(BUSINESS WIRE) -- Wemade’s blockbuster MMORPG MIR4 updated Sabuk Clash, clan vs. clan Castle Siege, on March 21st.

 “Sabuk Clash” is a tournament style Castle Siege content where King’s clans from all servers in each region gather in the Domination Server and fight to become the Emperor’s clan. Only Bicheon Castle King’s clans can participate. The winning clan then becomes the Emperor’s clan, which can collect taxes from the Kings of all servers in each region, adjust individual tax rates per server, and is given authority to manage the Sabuk Castle territory.

The first round begins on March 26th at 10 pm, and a new round will be held every week for a total of 3 rounds over 3 weeks. In the first round, a total of 16 clans fight to capture one of the 8 Monoliths placed in 8 areas, and the 8 winning clans advance to the next round. In the second round, 4 out of 8 clans advance to the next round. And out of the 4 clans in the final round, the one clan that succeeds in capturing the Monolith becomes the Emperor’s clan.

The winning clan receives 50,000 clan copper as a reward. The clan master of the winning clan becomes the Emperor and receives the authority to appoint positions, adjust tax rates, give prizes, and more. The Emperor also gets an Emperor-exclusive mount, Sabuk Destrier.

In addition, to celebrate the appointment of a new Emperor, all users in every server receive “Sabuk Emperor’s Common Royal Gift” the day after round 3 ends. The gift contains various items such as “Epic Dragon Oil of Blessing,” “Rare Dragonsteel Box” and more.

MIR4 is hosting two check-in events to celebrate the update of Sabuk Clash. First, the “Luckster’s Sabuk Clash 7-Day Cheer Check-in” event will give users Rare to Legendary “Luckster Potion Box” containing buff potions until April 3rd. Also, from March 27th to April 17th, “Epic Divine Dragon’s Dragon Artifact Enhancement Stone,” “Rare Mystical Piece Box,” and more items required for growth can be obtained from “The Age of War 14-Day Check-in” event.

Meanwhile, the “Darkness 14-day Check-in Event” and the “Divine Dragon’s Blessing Event” will be held until April 3rd to celebrate the update of a new class, Darkist.

From My Battle, To Our War! Detailed information on MIR4 can be found on the official website.

 

Photos/Multimedia Gallery Available: https://www.businesswire.com/news/home/53365147/en


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https://www.aetoswire.com/en/news/2203202331263
Contacts
Wemade Co., Ltd. (112040: KOSDAQ)
Jennifer Jung, PR Manager
jennifer@wemade.com

 

 

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AGCO’s 2022 Sustainability Report Shows Solid Progress

(BUSINESS WIRE) -- AGCO (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, today released its 2022 Sustainability Report. The report showcases AGCO’s progress on environmental, social and governance issues as it strives to deliver farmer-focused solutions to sustainably feed our world.

“AGCO is delivering on its sustainability commitments, from industry-leading innovation to improve sustainability outcomes for farmers, to decarbonizing our products and operations, to offering our talented, diverse employees a safer, more engaging workplace. I am proud of the progress we’re making, and I am committed to accelerating progress as we work together to help farmers sustainably feed our world,” said Eric Hansotia, AGCO Chairman, President and CEO.

Innovating for farmers

Whether it is innovating for farmer customers with intelligent, network-connected tractors that reduce soil compaction by limiting repeated machinery passes in the field, or precision technologies that enable farmers to sequester carbon, AGCO’s global brands help farmers enhance the health and resilience of their soil. In 2022, Precision Planting introduced Radicle Agronomics™, a game-changing set of soil-analysis tools for agronomists, and Radicle Lab™, the world’s first fully automated soil laboratory designed to greatly improve the precision and timeliness of soil sampling.

Decarbonization

Key to AGCO’s sustainability commitment is helping farmers grow profitably and sustainably. AGCO’s brands offer groundbreaking products and technologies to sharply reduce or eliminate emissions from farm machinery. The recently launched AGCO Power CORE™ engines reach new heights of efficiency and are compatible with renewable diesel, enabling up to 90% reduction in greenhouse gas emissions. The fully electric Fendt e100 tractor is planned for launch in 2024.

AGCO is also decarbonizing its operations. In 2022, AGCO exceeded Scope 1 and 2 targets three years ahead of schedule by reducing the emissions intensity of manufacturing operations by 31% compared to the 2020 baseline. A detailed assessment of Scope 3 value chain emissions is complete, and product management, engineering and supply chain leaders are working together to define the long-term decarbonization roadmap.

Our People

Creating outstanding products and services for farmers starts with creating a work environment where employees can grow and thrive. AGCO actively seeks and responds to employee feedback through its annual ‘Voices’ survey. Nearly 20,000 employees shared their voice in 2002, with 88% sharing they are proud to work for AGCO.

Safety, health, and well-being serve as the foundation of the employee experience. AGCO’s safety incident rate is decreasing year-over-year, with a 14% decrease in 2022. AGCO has set a new goal to achieve a total incident rate below 1.5 by 2025.

Visit AGCO’s 2022 Sustainability Report for more information on these and other key sustainability initiatives.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $12.7 billion in 2022. For more information, visit www.AGCOcorp.com. For company news, information, and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005749/en/


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https://aetoswire.com/en/news/3003202331418
Contacts
Aryn Drawdy
Communications Director
Aryn.Drawdy@agcocorp.com

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LG LAUNCHES THE WORLD’S FIRST 240HZ OLED GAMING MONITOR IN THE UAE

Dubai, United Arab Emirates - Thursday, 30. March 2023 AETOSWire Print 


The New LG UltraGear OLED Curved Monitor Delivers a Fully Immersive Gaming Experience with Striking OLED Imagery and Blazing Fast Speed

 

LG Electronics (LG) unveiled its latest innovation in gaming technology with the launch of the world's first 240Hz OLED gaming monitor in the UAE. The 45” UltraGear OLED curved monitor (45GR95QE model) pushes the boundaries of high-intensity gaming by offering a stunning picture quality of LG OLED technology coupled with unprecedented 240Hz refresh rate and nearly instantaneous 0.03ms GTG response time that take the gaming experience to a whole new level.

Gamers can now enjoy a fully immersive experience with the LG 45GR95QE monitor's 45-inch WQHD (3440x1440) OLED curved display, featuring a 21:9 aspect ratio with an 800R curvature that puts them right in the heart of the action from nearly every angle. Delivering true-to-life imagery, the monitor features a 1,500,00:1 contrast ratio for a deep, detailed picture quality. Additionally, it provides a DCI-P3 98.5% color gamut, HDR10, and OLED pixel dimming for vivid and accurate colour representation.

The LG 45GR95QE monitor's industry-leading 240Hz refresh rate and 0.03ms GTG response time, combined with NVIDIA® G-SYNC® compatibility and AMD FreeSync™ Premium, ensure blazing fast speed and smooth gameplay with reduced input lag and screen tearing. Furthermore, the 4-side virtually borderless, ultra-thin design and ergonomic stand that is tilt, swivel, and height-adjustable allow gamers to enjoy a comfortable and customizable gaming experience. Built for those who live to play, the monitor comes with a range of gamer-friendly features, including a gaming remote control, HDMI 2.1 and DisplayPort 1.4 connections, 4-pole Headphone Jack with DTS Headphone:X and many more.

LG UltraGear OLED Curved Gaming Monitor is available in the UAE retail market at a starting price of 7,299 AED.

 

To find out more about the LG 45GR95QE monitor, please visit:

https://www.lg.com/ae/consumer-monitors/lg-32ep950-b

# # #

About LG Electronics, Inc.

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global sales of over USD 56 billion in 2020. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.


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https://www.aetoswire.com/en/news/3003202331416
Contacts
LG-One

Nora Nassar

Email: Nora.Nassar@lg-one.com

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Takeda Announces Results From Phase 4 Vedolizumab Study in Patients With Chronic Pouchitis Published in New England Journal of Medicine

−The Phase 4 EARNEST Study Met Its Primary Efficacy Endpoint of Remission of Chronic or Recurrent Pouchitis at Week 14, with 31% of Participants Receiving Vedolizumab Achieving Remission versus 10% Receiving Placebo.1
−Superiority over Placebo Was Also Demonstrated at Week 34, with 35% of Vedolizumab Patients Achieving Remission Compared with 18% on Placebo.1

(BUSINESS WIRE) -- Takeda (TSE:4502/NYSE:TAK) today confirmed that the New England Journal of Medicine (NEJM) has published positive data from the Phase 4 EARNEST study of vedolizumab for the treatment of chronic pouchitis. The NEJM article is titled “Vedolizumab for the Treatment of Chronic Pouchitis”.

A potentially curative surgical option for ulcerative colitis (UC) is total proctocolectomy, followed by creation of an ileal pouch anal anastomosis (IPAA) to aid in stool retention. Inflammation of the ileal pouch, pouchitis, can cause fecal incontinence, abdominal discomfort, and bleeding.2 Chronic pouchitis, defined by symptom duration greater than four weeks, can develop in up to one-fifth of these patients.3

The published results showed the Phase 4 EARNEST study met its primary efficacy endpoint of clinical and endoscopic remission, as measured by modified pouchitis disease activity index (mPDAI), at Week 14 in 31% of participants (16 out of 51) receiving vedolizumab versus 10% (5 out of 51) receiving placebo (95% CI: 5 to 38 percentage point [p.p.] difference; p=0.01). This improved outcome compared with placebo was also seen at the equivalent secondary endpoint at Week 34 (35% of vedolizumab patients [18 out of 51] achieved mPDAI remission compared with 18% [9 out of 51] on placebo [95% CI: 0 to 35 p.p. difference]).1

“Pouchitis is relatively common following pouch surgery for people with ulcerative colitis,” said Professor Simon Travis, Translational Gastroenterology Unit and Kennedy Institute, University of Oxford. “Demonstrating the efficacy of a biologic treatment for this inflammatory condition is important for a group of patients who have previously had no treatment option once antibiotics are no longer effective.”

Beyond mPDAI remission, patients receiving vedolizumab also demonstrated improved clinical response at both Week 14 and Week 34 over placebo, with a difference at Week 14 of 30 p.p. (95% CI, 8 to 48), and a Week 34 difference of 22 p.p. (95% CI, 2 to 40). Serious adverse events occurred in 6% (3 out of 51) and 8% (4 out of 51) of patients in the vedolizumab and placebo groups, respectively.1 No new safety signals were identified. The publication concluded that vedolizumab was more effective than placebo for inducing remission in chronic pouchitis after IPAA for patients with UC.

“We are committed to advancing treatment and care for patients living with debilitating inflammatory gastrointestinal conditions such as active chronic pouchitis,” said Marcelo Freire, Vice President, Global Medical Affairs, Therapeutic Area Head, Gastroenterology, Takeda. “The publication of the latest results from the EARNEST study in the New England Journal of Medicine is great recognition of the work we are doing to reduce the burden of this condition for patients.”

Vedolizumab is indicated only in the European Union for the treatment of adult patients with moderately to severely active chronic pouchitis, who have undergone proctocolectomy and IPAA for UC and have had an inadequate response with or lost response to antibiotic therapy.4

In the United States, vedolizumab is indicated in adults for the treatment of moderately to severely active UC and Crohn’s disease (CD).5

About Pouchitis

Patients with ulcerative colitis (UC) may require removal of their colon and rectum (proctocolectomy), and the surgical creation of an ileal pouch (ileal pouch-anal anastomosis or IPAA) to aid stool retention. Pouchitis, where inflammation and irritation are seen in the lining of the new pouch, is the most common complication of an IPAA, affecting approximately 50% of patients with UC or familial adenomatous polyposis (FAP).3 Acute pouchitis may respond to antibiotic therapy, however there are currently no approved therapies indicated for active chronic pouchitis in the European Union, including the refractory form of pouchitis, which does not respond to antibiotic therapy, and where patients frequently relapse.3 Refractory pouchitis affects 10-15% of patients with pouchitis, and can have a considerable impact on their quality of life, causing fecal urgency, incontinence, straining during defecation, bleeding, abdominal or pelvic discomfort, fever and malaise.2,6,7

The prevalence of all pouchitis has been calculated to be 12 to 18 patients per 100,000 in the United States.8

About the EARNEST clinical trial

EARNEST is a randomized, double-blind, placebo-controlled multicenter study that evaluated the efficacy and safety of vedolizumab IV in the treatment of adult patients with UC who had undergone a proctocolectomy and IPAA, had developed active chronic pouchitis, and had inadequate response with or lost response to antibiotics therapy.9

About Vedolizumab

Vedolizumab is a gut-selective biologic and is approved for intravenous (IV) use in the United States and approved in both IV and subcutaneous (SC) formulations in Europe, Canada, Australia, Switzerland and Japan.4,5,10,11,12,13 It is a humanized monoclonal antibody designed to specifically antagonize the α4β7 integrin, inhibiting the binding of α4β7 integrin to intestinal mucosal addressin cell adhesion molecule 1 (MAdCAM-1), but not vascular cell adhesion molecule 1 (VCAM-1).14 MAdCAM-1 is preferentially expressed on blood vessels and lymph nodes of the gastrointestinal tract.15 The α4β7 integrin is expressed on a subset of circulating white blood cells.14 These cells have been shown to play a role in mediating the inflammatory process in ulcerative colitis (UC) and Crohn’s disease (CD).14,16,17 By inhibiting α4β7 integrin, vedolizumab may limit the ability of certain white blood cells to infiltrate gut tissues.14

Vedolizumab is approved for the treatment of adult patients with moderately to severely active UC and CD, who have had an inadequate response with, lost response to, or were intolerant to either conventional therapy or a tumor necrosis factor-alpha (TNFα)-antagonist.4,5 Vedolizumab has been granted marketing authorization in over 70 countries, including the United States and European Union, with more than 1,000,000 patient years of exposure to date.18

Therapeutic Indications for vedolizumab

Ulcerative Colitis

Vedolizumab is indicated for the treatment of adult patients with moderately to severely active ulcerative colitis who have had an inadequate response with, lost response to, or were intolerant to either conventional therapy or a tumor necrosis factor-alpha (TNFα) antagonist.

Crohn’s Disease

Vedolizumab is indicated for the treatment of adult patients with moderately to severely active Crohn’s disease who have had an inadequate response with, lost response to, or were intolerant to either conventional therapy or a tumor necrosis factor-alpha (TNFα) antagonist.

Pouchitis

Vedolizumab IV is indicated in the EU for the treatment of adult patients with moderately to severely active chronic pouchitis, who have undergone proctocolectomy and ileal pouch-anal anastomosis (IPAA) for ulcerative colitis (UC) and have had an inadequate response with or lost response to antibiotic therapy.

Important Safety Information for vedolizumab

Contraindications

Hypersensitivity (such as dyspnea, bronchospasm, urticaria, flushing and increased heart rate) to the active substance or to any of the excipients.

Special Warnings and Special Precautions for Use

Intravenous vedolizumab should be administered by a healthcare professional prepared to manage hypersensitivity reactions, including anaphylaxis, if they occur. Appropriate monitoring and medical support measures should be available for immediate use when administering intravenous vedolizumab. Observe patients during infusion and until the infusion is complete.

Infusion-related reactions and Hypersensitivity Reactions

In clinical studies, infusion-related reactions (IRR) and hypersensitivity reactions have been reported, with the majority being mild to moderate in severity. If a severe IRR, anaphylactic reaction, or other severe reaction occurs, administration of vedolizumab must be discontinued immediately and appropriate treatment initiated (e.g., epinephrine and antihistamines). If a mild to moderate IRR occurs, the infusion rate can be slowed or interrupted and appropriate treatment initiated (e.g., epinephrine and antihistamines). Once the mild or moderate IRR subsides, continue the infusion. Physicians should consider pre-treatment (e.g., with antihistamine, hydrocortisone and/or paracetamol) prior to the next infusion for patients with a history of mild to moderate IRR to vedolizumab, in order to minimize their risks.

Injection Site Reactions (subcutaneous vedolizumab)

No clinically relevant differences in the overall safety profile and adverse events were observed in patients who received subcutaneous vedolizumab compared to the safety profile observed in clinical studies with intravenous vedolizumab with the exception of injection site reactions (with subcutaneous administration only). Injection-site reactions were mild or moderate in intensity, and none were reported as serious.

Infections

Vedolizumab is a gut-selective integrin antagonist with no identified systemic immunosuppressive activity. Physicians should be aware of the potential increased risk of opportunistic infections or infections for which the gut is a defensive barrier. Vedolizumab treatment is not to be initiated in patients with active, severe infections such as tuberculosis, sepsis, cytomegalovirus, listeriosis, and opportunistic infections until the infections are controlled, and physicians should consider withholding treatment in patients who develop a severe infection while on chronic treatment with vedolizumab. Caution should be exercised when considering the use of vedolizumab in patients with a controlled chronic severe infection or a history of recurring severe infections. Patients should be monitored closely for infections before, during and after treatment. Before starting treatment with vedolizumab, screening for tuberculosis may be considered according to local practice. Some integrin antagonists and some systemic immunosuppressive agents have been associated with progressive multifocal leukoencephalopathy (PML), which is a rare and often fatal opportunistic infection caused by the John Cunningham (JC) virus. By binding to the α4β7 integrin expressed on gut-homing lymphocytes, vedolizumab exerts an immunosuppressive effect specific to the gut. No systemic immunosuppressive effect was noted in healthy subjects. Healthcare professionals should monitor patients on vedolizumab for any new onset or worsening of neurological signs and symptoms, and consider neurological referral if they occur. If PML is suspected, treatment with vedolizumab must be withheld; if confirmed, treatment must be permanently discontinued. Typical signs and symptoms associated with PML are diverse, progress over days to weeks, and include progressive weakness on one side of the body, clumsiness of limbs, disturbance of vision, and changes in thinking, memory, and orientation leading to confusion and personality changes. The progression of deficits usually leads to death or severe disability over weeks or months.

Malignancies

The risk of malignancy is increased in patients with ulcerative colitis and Crohn’s disease. Immunomodulatory medicinal products may increase the risk of malignancy.

Prior and concurrent use of biological products

No vedolizumab clinical trial data are available for patients previously treated with natalizumab. No clinical trial data for concomitant use of vedolizumab with biologic immunosuppressants are available. Therefore, the use of vedolizumab in such patients is not recommended.

Vaccinations

Prior to initiating treatment with vedolizumab all patients should be brought up to date with all recommended immunizations. Patients receiving vedolizumab may receive non-live vaccines (e.g., subunit or inactivated vaccines) and may receive live vaccines only if the benefits outweigh the risks.

Adverse reactions include: nasopharyngitis, headache, arthralgia, upper respiratory tract infection, bronchitis, influenza, sinusitis, cough, oropharyngeal pain, nausea, rash, pruritus, back pain, pain in extremities, pyrexia, fatigue, injection site reactions and anaphylaxis.

Please consult with your local regulatory agency for approved labeling in your country.

For EU audiences, please see the Summary of Product Characteristics (SmPC) for ENTYVIO®.

For U.S. audiences, please see the full Prescribing Information, including Medication Guide for ENTYVIO® IV.

About Takeda

Takeda is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetics and Hematology, Neuroscience, and Gastroenterology (GI), with expertise in immune and inflammatory diseases. We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people’s lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries and regions. For more information, visit https://www.takeda.com.

Important Notice

For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

Forward-Looking Statements

This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda’s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “ensures”, “will”, “may”, “should”, “would”, “could” “anticipates”, “estimates”, “projects” or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda’s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations, including global health care reforms; challenges inherent in new product development, including uncertainty of clinical success and decisions of regulatory authorities and the timing thereof; uncertainty of commercial success for new and existing products; manufacturing difficulties or delays; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic, on Takeda and its customers and suppliers, including foreign governments in countries in which Takeda operates, or on other facets of its business; the timing and impact of post-merger integration efforts with acquired companies; the ability to divest assets that are not core to Takeda’s operations and the timing of any such divestment(s); and other factors identified in Takeda’s most recent Annual Report on Form 20-F and Takeda’s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda’s website at: https://www.takeda.com/investors/sec-filings/ or at www.sec.gov. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda’s future results.

Medical information

This press release contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, in different dosages, or in different strengths. Nothing contained herein should be considered a solicitation, promotion or advertisement for any prescription drugs including the ones under development.

References

  1. Travis S, Silverberg MS, Danese S, et al. Vedolizumab for the Treatment of Chronic Pouchitis. N Engl J Med. 2023; 388:1191-1200
  2. Schieffer KM, Williams ED, Yochum GS, et al. Review article: the pathogenesis of pouchitis. Aliment Pharmacol Ther. 2016;44:817–835.
  3. Dalal RL, Shen B, Schwartz DA. Management of Pouchitis and Other Common Complications of the Pouch. Inflamm Bowel Dis. 2018;24:989-996.
  4. Entyvio Summary of Product Characteristics. Available at: https://www.ema.europa.eu/en/documents/product-information/entyvio-epar-product-information_en.pdf. Last updated: October 2022. Last accessed: February 2023.
  5. Entyvio Prescribing Information. Available at: https://general.takedapharm.com/ENTYVIOPI. Last updated: June 2022. Last accessed: March 2023.
  6. Singh A, Khan F, Lopez R, et al. Vedolizumab for chronic antibiotic-refractory pouchitis. Gastroenterol Rep (Oxf). 2019;7:121-126.
  7. Bär F, Kühbacher T, Dietrich NA, et al. Vedolizumab in the treatment of chronic, antibiotic-dependent or refractory pouchitis. Aliment Pharmacol Ther. 2018;47:581-587.
  8. Sandborn WJ, Pardi DS. Clinical management of pouchitis. Gastroenterology. 2004;127(6):1809–1814.
  9. A Study to Evaluate the Efficacy and Safety of Vedolizumab in the Treatment of Chronic Pouchitis (EARNEST). Available at: https://clinicaltrials.gov/ct2/show/NCT02790138. Last updated: February 2022. Last accessed: March 2023.
  10. Product Monograph including Patient Medication Information. Available at: https://assets-dam.takeda.com/raw/upload/v1662721781/legacy-dotcom/siteassets/en-ca/home/what-we-do/our-medicines/product-monographs/entyvio/ENTYVIO-PM-EN.pdf Last accessed: March 2023
  11. Australian Product Information. Entyvio (vedolizumab). Available at: https://www.guildlink.com.au/gc/ws/tk/pi.cfm?product=tkpentyv11118#:~:text=The%20recommended%20dose%20regimen%20of,a%20dose%20at%20Week%2010. Last accessed: March 2023
  12. Fachinformation Entyvio. Swissmedic. October 2020.
  13. Takeda Receives Approval to Manufacture and Market Entyvio Subcutaneous Injection in Japan for the Maintenance Treatment of Moderate to Severe Ulcerative Colitis. Available at: https://www.takeda.com/newsroom/newsreleases/2023/approval-to-manufacture-and-market-entyvio Last accessed: March 2023
  14. Soler D, Chapman T, Yang LL, et al. The binding specificity and selective antagonism of vedolizumab, an anti-alpha4beta7 integrin therapeutic antibody in development for inflammatory bowel diseases. J Pharmacol Exp Ther. 2009;330:864-875.
  15. Briskin M, Winsor-Hines D, Shyjan A, et al. Human mucosal addressin cell adhesion molecule-1 is preferentially expressed in intestinal tract and associated lymphoid tissue. Am J Pathol. 1997;151:97‑110.
  16. Eksteen B, Liaskou E, Adams DH. Lymphocyte homing and its role in the pathogenesis of IBD. Inflamm Bowel Dis. 2008;14:1298‑1312.
  17. Wyant T, Fedyk E, Abhyankar B. An overview of the mechanism of action of the monoclonal antibody vedolizumab. J Crohns Colitis. 2016;10:1437-1444.
  18. Takeda data on file (VV-SUP-116025): Vedolizumab Patient Exposure from Marketing Experience. July 2022.

 

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In a World First, Yokogawa’s Autonomous Control AI Is Officially Adopted for Use at an ENEOS Materials Chemical Plant

– One year of stable operation demonstrates this next-generation control technology can decrease environmental impact, achieve stable quality, and transform operations –

(BUSINESS WIRE)--ENEOS Materials Corporation (formerly the elastomers business unit of JSR Corporation) and Yokogawa Electric Corporation (TOKYO: 6841) announce they have reached an agreement that Factorial Kernel Dynamic Policy Programming (FKDPP), a reinforcement learning-based AI algorithm, will be officially adopted for use at an ENEOS Materials chemical plant. This agreement follows a successful field test in which this autonomous control AI*1 demonstrated a high level of performance while controlling a distillation column at this plant for almost an entire year. This is the first example in the world of reinforcement learning AI being formally adopted for direct control of a plant*2.

Over a 35 day (840 hour) consecutive period, from January 17 to February 21, 2022, this field test initially confirmed*3 that the AI solution could control distillation operations that were beyond the capabilities of existing control methods (PID control/APC) and had necessitated manual control of valves based on the judgements of experienced plant personnel. Following a scheduled plant shut-down for maintenance and repairs, the field test resumed and has continued to the present date. It has been conclusively shown that this solution is capable of controlling the complex conditions that are needed to maintain product quality and ensure that liquids in the distillation column remain at an appropriate level, while making maximum possible use of waste heat as a heat source. In so doing it has stabilized quality, achieved high yield, and saved energy.

In this field test, the autonomous control AI demonstrated the following four benefits:

Year-round stability
The autonomous control AI maintained stable control of the liquid levels and maximized the use of waste heat, even in winter and summer weather, with external temperatures changes by about 40ºC. No problems were observed, and stable operation and high product quality was achieved throughout the field test.
Reduced environmental impact
By eliminating the production of off-spec products, the autonomous control AI reduced fuel, labor, and other costs, and made efficient use of raw materials. While producing good quality products that met shipment standards, the autonomous control AI reduced steam consumption and CO2 emissions by 40%*4 in comparison to conventional manual control.
Lightened workload and improved safety
The autonomous control AI eliminated the need for operators to perform manual inputs. This not only decreased workload and helped to prevent human error, it also reduced mental stress levels and improved safety.
Robustness of the AI control model
Even after modifications were made at the plant during a routine shut-down for maintenance and repair, the same AI control model could remain in use.
ENEOS Materials found over the course of this one-year verification process that the autonomous control AI was a robust system that could achieve stable performance and optimize operations throughout the year, including in winter and summer. The company will look into applying this AI to other types of processes and plants, and will continue working to improve productivity and save energy by expanding the scope of autonomization.

To promote plant autonomization, on February 27 Yokogawa launched the provision of an autonomous control AI service for edge controllers*5, also a world first*6. In conjunction with this service, the company is offering customers who wish to achieve autonomous plant operations a global consulting service that covers everything from the identification of control issues to the investigation of optimum control methods and the calculation of cost-effectiveness, and includes safety, implementation, maintenance, and operation.

Going forward, ENEOS Materials and Yokogawa will continue to work together and investigate ways to carry out digital transformation (DX) through the use of AI for control and condition-based maintenance in plants.

Masataka Masutani, Division Director, Production Technology Division, ENEOS Materials Corporation:
“Amidst severe challenges impacting the petrochemical industry such as the retirement of experienced personnel who help to ensure the safe operation of facilities, we are pleased with this demonstration of the use of AI to autonomously control processes that had previously been controlled manually. In addition to reducing operator workload, this test, which has continued for about a year, has demonstrated that this system can operate stably without being affected by seasonal changes or regular maintenance and repairs, and can save energy and reduce GHG emissions. Through smart production, we will continue to strive for safety and stability, decarbonize operations, and enhance competitiveness.”

Takamitsu Matsubara, Professor at the Nara Institute of Science and Technology:
“The key to reinforcement learning is how the reward function is designed. By closely incorporating process industry control knowledge in the reward function, it is possible to create an AI control model with a high level of reliability and validity that is able to achieve year-round stable operation. The fact that this field test confirmed the model’s ability to be applied as is even after the performance of regular maintenance and repair implies the robustness of the AI control model. I believe that FKDPP, a new control technology that can handle complex conditions, will make broad-ranging contributions to the development of industry around the world.”

Kenji Hasegawa, a Yokogawa Vice President and head of the Yokogawa Products Headquarters:
“I am very grateful to have been able to work alongside our customer to take up the challenge of this globally unparalleled autonomization initiative. Given the difficulty of controlling operations in actual plants due to the complex effects of physical and chemical phenomena, there are many areas where highly-experienced operators have still had to intervene. With a focus on products and consulting, Yokogawa will develop and expand the use of autonomous control AI, and work with our customers to drive their decarbonization, digital transformation, and autonomization efforts.”

*1

Yokogawa defines autonomous control AI as AI that deduces the optimum method for control independently and has a high level of robustness enabling it to autonomously handle, to a certain extent, situations that it has not previously encountered.

*2

Based on comprehensive secondary research of publicly available resources by IoT Analytics, performed in March 2023.

*3

In a World First, Yokogawa and JSR Use AI to Autonomously Control a Chemical Plant for 35 Consecutive Days - Putting into practical use a next-generation control technology that takes into account quality, yield, energy saving, and sudden disturbances -

*4

In comparison to the amount of steam previously used to maintain the liquid level and the corresponding amount of CO2 emissions.

*5

Yokogawa Launches Autonomous Control AI Service for Use with Edge Controllers - Optimizes control to improve productivity and save energy -

*6

As the world’s first commercially available reinforcement learning AI service for edge controllers. Based on comprehensive secondary research of publicly available resources by IoT Analytics, performed in March 2023.

About ENEOS Materials Corporation

ENEOS Materials is engaged in the research and development, manufacturing, and sales of synthetic rubber, thermoplastic elastomers, latex, and other raw materials for the automobile industry and other industries around the world. Formed on April 1, 2022, through the sale of JSR Corporation’s elastomers business unit to ENEOS Corporation, ENEOS Materials has world-class research & development capabilities and manufacturing technologies. Backed by the extensive procurement, funding, organization, and global network of the ENEOS Group, ENEOS Materials is able to provide a stable supply of high quality and competitive products. In response to changes such as the shift to electric vehicles and the need to achieve the Sustainable Development Goals (SDGs), ENEOS Materials continues to refine its technological capabilities and is promoting innovations that will contribute to society and promise a brighter and more vibrant future for all.

About Yokogawa

Yokogawa provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations. Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,000+ employees in a global network of 122 companies spanning 61 countries.
For more information, visit www.yokogawa.com

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of ENEOS Materials Corporation, Yokogawa Electric Corporation, or their respective holders.

 

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World’s Major Economies Playing Catch-Up as Widespread Adoption Drives Global Real-Time Payments Growth – ACI Worldwide Report

 

MIAMI - Thursday, 30. March 2023 AETOSWire Print 


195.0B real-time payments (RTP) transactions were recorded globally in 2022, a YoY growth of 63.2%, according to the 2023 Prime Time for Real-Time report from ACI Worldwide and GlobalData
India remains the undisputed RTP leader — responsible for 46% of all transactions worldwide — followed by Brazil, China, Thailand and South Korea
Governments and regulators around the world are taking steps to drive adoption of RTPs as a path to economic growth and greater financial inclusion
(BUSINESS WIRE) -- New sophisticated use cases for consumers and businesses are driving global RTP volumes to record highs, with 195.0B RTP transactions recorded globally in 2022 — a YoY growth of 63.2% — according to the 2023 Prime Time for Real-Time report, published by ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, in partnership with GlobalData, a leading data and analytics company.

511.7B real-time transactions globally are forecast by 2027, representing a 2022-2027 compound annual growth rate (CAGR) of 21.3%.

By 2027, RTPs are expected to account for 27.8% of all electronic payments globally.

India remains the undisputed RTP leader, with a staggering 89.5B transactions in 2022 and a YoY growth rate of 76.8%. India accounted for 46% of all global real-time transactions in 2022.

Brazil was the third fastest-growing RTP market in 2022, with a YoY growth of 228.9%, and is in second place in transactions, with 29.2B in 2022, representing 15% of all global real-time transactions.

China, Thailand and South Korea are third, fourth and fifth, respectively, on the list of the top RTP markets, with 17.6B, 16.4B and 8B transactions, respectively, in 2022.

Governments and regulators are taking notice of consumer adoption

With consumers and businesses around the world demanding cheaper, faster and more efficient ways to pay, and merchant acceptance of RTPs on the rise, consumer and business adoption via popular new use cases is heating up. This year’s Prime Time for Real-Time report analyzes RTP transactions per head of population per month for the first time, highlighting where consumers and businesses most actively use RTP:

Bahrain, a country of just 1.5 million people, is forecast to have the highest level of RTP consumer adoption by 2027, with 83.3 RTP transactions per head per month projected.

Consumers in Brazil (#2) and Thailand (#3) are expected to make 51.8 and 43.6 RTP transactions per month, respectively, by 2027.

Four European countries — Netherlands, Sweden, Denmark and Finland — are forecast among the top 10 countries for RTP consumer adoption by 2027.

The U.K., Canada, the U.S., Germany, France and Italy — all top 10 global economies by GDPi — are forecast to place 17th, 19th, 33rd, 34th, 35th and 42nd, respectively, for consumer adoption in 2027.

“This year’s report highlights how consumer and business adoption of real-time payments accelerates when the conditions are right,” said Craig Ramsey, global head of real-time payments and banking, ACI Worldwide. “The countries at the top of our league table — Bahrain, Brazil and Thailand — are all relatively recent enablers of real-time payments. Concerted industry collaboration and government mandates, widespread merchant adoption, strong brand recognition for a scheme, and related services, such as digital wallets, have provided the perfect combination for strong growth in these markets.”

Governments and regulators in other countries are beginning to take notice and have launched initiatives to emulate the success of the most successful RTP markets.

In Europe, the EU Commission has proposed a law mandating RTPs across its 27 member states. The U.K. has embarked on its New Payments Architecture program, which aims to modernize the country’s RTP rails. In the U.S., the Federal Reserve recently announced the launch date for its highly anticipated FedNow service to expand RTP access in the U.S. — a highly significant event in a market where regulators tend to lean toward non-intervention.

“Real-time payments are the future of modern, digital economies. Governments and regulators around the world are beginning to understand this and increasingly see them as a path to drive economic growth and financial inclusion,” said Thomas Warsop, interim president and CEO, ACI Worldwide.

“Real-time payments will help to secure the competitiveness of banks and financial services providers. They remove payments friction, contribute to greater liquidity and ultimately increase customer stickiness. They complement the holistic digital proposition of modern financial institutions.

“Banks should evaluate whether they are truly maximizing existing real-time rails in their market. Ultimately, the extent to which they make real-time payments part of their offering is a strategic decision. It seems increasingly clear, however, that limiting their commitment to the minimum also means limiting their potential share of the future payments market,” Warsop concluded.

Regional Spotlights

North America: July’s U.S. FedNow launch will be a major catalyst for growth

RTP transactions in North America are expected to grow from 3.9B in 2022 to 13B by 2027, a CAGR of 27.3%. While North America currently accounts for just 2% of all RTPs globally, it has the potential to develop into an extremely high-growth region in the future.

As a proportion of electronic payments, RTPs are forecast to be just 5% by 2027 in North America — lower than in all other global regions: Europe (13%), Asia Pacific (APAC – 12%), Middle East, Africa and South Asia (MEASA – 79%) and Latin America (LATAM – 56%).

Consumer adoption, measured as transactions per month per head of population, was low across the region in 2022 — the U.S. and Canada ranked 33rd and 19th, respectively, worldwide.

Mobile wallet adoption is strong and growing fast, with 45% of consumers holding and/or using a mobile wallet in 2022, compared to 38% in 2021 and just 13% in 2018.

Overall fraud rates remain flat, as 28% of consumers reported being a victim of fraud in 2022, compared to 26% in 2021. Social engineering scams and digital wallet account hacks are the only fraud types that grew from 2021 to 2022, speaking both to the increased adoption of digital payments and the corresponding evolution of fraudsters’ tactics.

The launch of FedNow in the U.S. in July 2023 could be a major catalyst for RTP adoption — it will expand RTP access to smaller banks and feature new services, such as Request for Pay, from day one.

Europe: Major change is on the horizon with the new EU RTP mandate

RTP transactions in Europe are expected to grow from 13.2B in 2022 to 34.2B by 2027, with a CAGR of 21%.

Four European countries feature in the global top 10 for consumer adoption for 2027 — Netherlands, Sweden, Finland and Denmark.

Mobile wallets are increasingly popular, with 41% of consumers holding and/or using a mobile wallet in 2022, compared to 31% in 2021 and 12% in 2018.

Overall fraud rates are stagnant or in decline. However, social engineering scams associated with Authorized Push Payment (APP) fraud are on the rise.

Major change is on the horizon. The EU Commission has proposed to mandate RTPs across its 27 member states, whereby banks must offer instant payments at the same cost or lower than standard credit transfers. The proposed law would disrupt the market significantly, as charges of up to EUR 1.50 are common for instant payments at the moment.

LATAM: Top growth market with Brazil the clear leader in adoption and growth

LATAM is one of the top growth regions globally. RTP transactions are expected to grow from 33B in 2022 to 119.5B by 2027, a CAGR of 29.3%.

The region is forecast to have one of the highest proportions of RTPs as a portion of electronic payments by 2027 (56%). Brazil has become a major global player in RTPs and is responsible for 90% of RTP volumes in the region due to the strength of PIX.

Brazil was the world’s second biggest RTP market by volume in 2022.

Brazil is second in global RTP consumer adoption, behind India. The majority of its population has access to the RTP service PIX via mobile, and Brazil is expected to have 52 RTP transactions per head of population per month by 2027.

Mobile wallets have exceeded a critical mass in the region, with 65% of consumers holding and/or using a mobile wallet in 2022, compared to 58% in 2021 and 15% in 2018.

Social engineering scams associated with APP fraud have risen to comprise 27% of reported fraud incidents in LATAM in 2022, up from 16% in 2021. Card details stolen online dropped from 20% to 13% in the same period.

Growing markets to watch in LATAM include Mexico, which for the first time is among the world’s top RTP markets (#9), as well as Peru, Argentina and Colombia, which feature on the list of the world’s top 10 growth markets.

APAC: Leads the world in terms of real-time, cross-border initiatives

APAC is one of the most innovative RTP markets. Advanced, user-friendly services and features such as QR-code payments and mobile-native experiences are driving adoption across the region.

RTP transaction volumes in the region are expected to grow from 49.2B in 2022 to 96.7B by 2027, a CAGR of 14.1%, while APAC’s nations are at different stages of real-time payments implementation

Indonesia is the latest major country in the regions to adopt RTP and is set for rapid real-time payments growth at CAGR of 81.9% between 2022 and 2027.

Most APAC countries have had real-time payments schemes in place for a few years. Projected five-year growth is continuing and accelerating, with CAGR for Malaysia at 19.7%, the Philippines at 18.7%, Singapore at 18.3% and Australia at 16.3%. This robust growth is driven by regular launch of new products by these schemes.

Governments and central banks in the APAC region play a key role in adoption. There has been strong push from the governments of APAC countries especially in Indonesia and Malaysia for RTP adoption which is enabling the industry to adopt digital payments.

Several cross-border RTP integrations are live between APAC countries, and more are in development.

Consumers in APAC are the most avid users of mobile wallets, with eight out of the top 10 countries for mobile wallet adoption in that region.

MEASA: Fastest-growing market globally due to the might of India

MEASA is a huge and diverse RTP market, with India as the world’s undisputed RTP leader, the Middle East as one of the fastest growing regions, and Africa as a key growth market to watch.

The region saw 95.7B RTP transactions in 2022, mainly due to India’s dominant role. RTP transactions are expected to grow to 250B by 2027, a CAGR of 21.2%.

In 2022, 46% of all global RTP transactions originated in India. Volumes reached a new high of 89.5B in 2022, representing 81% of electronic payments in India. They are forecast to grow at a CAGR of 21.3% between 2022 and 2027.

The Middle East is the fastest-growing RTP market globally. RTP transactions are expected to grow from 675M in 2022 to 2.6B by 2027, a CAGR of 30.6%.

Saudi Arabia is currently the biggest RTP market in the Middle East, followed by Bahrain.

Bahrain is the global leader in consumer adoption, forecast to have 84 RTP transactions per head of population per month by 2027.

Governments and regulators in the Middle East are setting new mandates for adoption. Several countries — including U.A.E., Qatar, Kuwait and Oman — are expected to launch domestic RTP schemes soon, with innovative features and overlay services high on the agenda.

Nigeria is one of the top 10 RTP markets globally, and South Africa is Africa’s second biggest market, having launched RTPs in March 2023. This vast and rapidly growing continent is full of opportunity for RTPs, with many African countries planning to develop and launch domestic RTP schemes.

ACI’s Inside Real-Time

This year, we are excited to launch Inside Real-Time — a new, multi-channel media platform — as the definitive guide and go-to source for the world’s RTP stories, including exclusive content exploring the latest developments and opportunities in the world of RTPs and how real‑time is empowering consumers, merchants, businesses and banks. ACI’s Prime Time for Real-Time report is the foundation of this new platform.

About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2023
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners.

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Zone adopte la solution d’IA de ThetaRay pour surveiller et contrôler les paiements au Nigeria

 

 


La fintech nigériane basée sur la technologie blockchain va intégrer la technologie SONAR basée sur l’IA de ThetaRay afin d’accroître les possibilités de croissance avec un service de confiance

 

 

(BUSINESS WIRE) — Zone (anciennement Appzone), premier réseau réglementé d’infrastructure de paiement blockchain de type Layer 1 en Afrique, et ThetaRay, fournisseur pionnier de technologie de surveillance des transactions alimentée par l'intelligence artificielle (IA), ont aujourd'hui annoncé leur collaboration pour mettre en œuvre la solution SONAR de ThetaRay basée dans le Cloud pour surveiller et contrôler les transactions de Zone au Nigeria afin de repérer les activités illicites et les tentatives de violations des sanctions économiques.

 

Basée à Lagos, Zone offre ses solutions de paiement aux grandes banques commerciales, aux fintechs du paiement, les banques numériques et autres institutions financières, avec un règlement à bas coût et en temps réel, en monnaies fiduciaires comme numériques, pour les paiements domestiques et transfrontaliers.

 

En vertu de cet accord, ThetaRay fournira à Zone la solution de surveillance des transactions SONAR alimentée par l’intelligence artificielle (IA) de type logiciel-service (SaaS) capable de détecter et de prévenir les premiers signes de tentatives sophistiquées de blanchiment d'argent ou de contournement des sanctions financières et des listes de surveillance. En outre, la solution aidera Zone à garantir sa totale conformité avec les exigences réglementaires en matière de lutte contre le blanchiment d'argent et à accroître ses opportunités de croissance en fournissant un service fiable et sécurisé.

 

La nouvelle collaboration met aussi en relief l’expansion de ThetaRay sur le marché nigérian des paiements via les fintechs.

 

En fait, Zone est le premier réseau de paiement décentralisé ou de pair à pair d’Afrique basé sur la technologie blockchain, qui permet les transactions de paiement sans dépendre de transferts intermédiaires. L’architecture décentralisée et la technologie sous-jacente améliorent la fiabilité, éliminent les litiges avec les clients, réduisent le coût des opérations et automatisent le rapprochement en back-office. Le réseau est une véritable infrastructure à l'échelle du web, avec une capacité de traitement des transactions dépassant les 50 000 transactions par seconde.

 

« Nous sommes ravis d’avoir conclu un partenariat avec ThetaRay, une collaboration qui constitue une avancée importante dans le cadre de notre vision visant à devenir un réseau mondial unique permettant de payer n’importe qui, par n’importe quel moyen, dans n’importe quelle devise, de la manière la plus efficace et la plus sûre possible », a déclaré Elendu Uche, cofondateur et chef de l'exploitation à Zone.

 

« Grâce à l’intégration avec ThetaRay, nous avons amélioré nos mesures de sécurité et notre conformité réglementaire, tout en offrant à nos utilisateurs un traitement plus rapide des transactions au sein de notre réseau de paiement décentralisé. Nous nous réjouissons à l’idée de collaborer encore plus étroitement avec ThetaRay pour continuer d’offrir à nos clients un fonctionnement harmonieux et des transactions fiables, » a-t-il ajouté.

 

En tant que plus grande économie d'Afrique avec une population de plus de 200 millions d’habitants, le Nigeria abrite le plus grand écosystème de fintechs d’Afrique et plus de 200 entreprises de technologie financière. De plus, le cabinet de recherche McKinsey1 a noté que la population jeune du pays a permis de stimuler le secteur florissant des fintechs, d’accroitre le taux de pénétration des smartphones et renforcer la volonté réglementaire pour améliorer l'inclusion financière et des paiements sans espèces. Le marché florissant des sociétés de technologie financière contribue également à améliorer l'inclusion financière au Nigeria, où plus de 40 % des personnes ne sont pas encore bancarisées.

 

Pour sa part, Mark Gazit, PDG de ThetaRay a déclaré : « Zone est une innovation majeure dans les fintechs nigérianes, avec une plateforme capable de révolutionner le système financier grâce à des services inclusifs ayant un impact positif sur la vie des personnes. En déployant une technologie d’IA sophistiquée pour surveiller et contrôler les paiements, Zone amènera de la confiance dans ses services, lui permettant de faire croître son volume, ses revenus et ses partenaires d'écosystème. »

 

La solution SONAR primée de ThetaRay est basée sur une forme exclusive propriétaire d’IA, l'intuition de l'intelligence artificielle, qui remplace les biais humains, procurant au système le pouvoir nécessaire pour reconnaître les anomalies et repérer des incertitudes en dehors du comportement normal, notamment des typologies entièrement nouvelles. Elle permet aux fintechs et aux banques de mettre en œuvre une approche fondée sur le risque afin d’identifier efficacement les activités suspectes et de créer une image globale des identités des clients, y compris à travers des voies de transactions transfrontalières complexes. Cela permet la découverte rapide de menaces de blanchiment d’argent, aussi bien connues qu’inconnues.

 

Il faudra noter que ThetaRay et Zone organiseront un événement client intitulé « Le rôle de l’intelligence artificielle pour prévenir la criminalité financière, une nouvelle normalité » à Lagos le 4 mai, destiné aux cadres du secteur bancaire et des fintechs du Nigeria. Inscrivez-vous ici.

 

1 “Exploiter le potentiel des fintechs au Nigeria”, McKinsey, septembre 2020.

 

À propos de Zone

 

Zone (anciennement Appzone) est un réseau réglementé de blockchain qui permet les paiements et l’acceptation des devises numériques. Notre réseau de blockchain de type Layer 1 numérise les paiements en monnaies fiduciaires et permet la transition vers les monnaies numériques tout en connectant les institutions financières précédemment exclues dans un écosystème de paiement tout-compris. Premier réseau réglementé de blockchain de type Layer 1 d’Afrique pour les paiements, Zone permet aux institutions participantes de se connecter directement les unes aux autres et d’effectuer des transactions de paiement sans intermédiaire, tout en automatisant complètement le règlement, le rapprochement et la gestion des litiges. Nous travaillons avec les esprits les plus brillants sur le continent pour numériser et automatiser entièrement les services financiers. Notre mission consiste à relier chaque réserve de valeur monétaire en utilisant la blockchain. Pour plus d'informations, veuillez consulter le site suivant : www.zonenetwork.com .

 

À propos de ThetaRay

 

La solution de surveillance des transactions SONAR offerte par ThetaRay, optimisée par l'IA et basée sur « l'intuition de l'intelligence artificielle », permet aux banques et aux fintechs d'élargir leurs opportunités commerciales et d'augmenter leurs revenus grâce à des paiements transfrontaliers fiables. La solution révolutionnaire améliore également la satisfaction des clients, réduit les coûts de conformité, et accroît la couverture des risques. Les organisations financières qui s'appuient sur des écosystèmes hautement hétérogènes et complexes bénéficient grandement des faibles taux de résultats faussement positifs et des taux de détection élevés incomparables de ThetaRay.

 

Pour de plus amples informations, veuillez consulter le site électronique suivant : https://www.thetaray.com/

 

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

 

Veuillez consulter la version source de ce communiqué sur businesswire.com à travers le lien suivant : https://www.businesswire.com/news/home/20230329005222/en/

   

Contacts

Nina Gilber, ThetaRay

Nina.gilbert@thetaray.com

Zone

Oluwatobi Alaka, Zone

oalaka@zonenetwork.com

 

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Zone Adopts ThetaRay AI Solution to Monitor and Screen Payments in Nigeria


 Blockchain-powered Nigerian fintech to integrate ThetaRay’s SONAR AI-powered technology to increase growth opportunities with a trusted service

 

(BUSINESS WIRE) -- Zone (formerly Appzone), Africa’s first regulated layer-1 blockchain network for payments, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations.

Headquartered in Lagos, Zone serves large commercial banks, payment fintechs, digital banks, and OFIs with real-time, low-cost settlement of both fiat and digital currencies for domestic and cross-border payments.

Through the agreement, ThetaRay will provide Zone the SaaS-based SONAR AI solution that can detect and prevent the earliest signs of sophisticated attempts to launder money or circumvent financial sanctions and watchlists. The solution will help Zone ensure it fully complies with regulatory AML requirements and increase its growth opportunities by providing a trustworthy and secure service.

The new collaboration highlights ThetaRay’s expansion in Nigeria’s fintech payments market.

Zone is Africa’s first decentralized or peer-to-peer payment network based on blockchain technology, which allows payment transactions without dependence on intermediary switches. The decentralized architecture and the underlying technology enhance reliability, eliminate customer disputes, reduce the cost of operations, and automate back-office reconciliation. The network is a true web-scale infrastructure with a capacity for transaction processing throughput of over 50,000 transactions per second.

“We are thrilled with our partnership with ThetaRay, a collaboration that represents a significant step forward in our vision to become one global network to pay anyone, through any means, in any currency, in the most efficient and secure means possible,” said Elendu Uche, Co-Founder/Chief Operating Officer.

“By integrating with ThetaRay, we have enhanced our security measures and improved our regulatory compliance whilst providing faster transaction processing for our users within our decentralized payment network. We look forward to working even more closely with ThetaRay to continue delivering frictionless operations and reliable transactions to our customers.”

As Africa’s largest economy with a population of 200 million, Nigeria is home to Africa’s largest fintech ecosystem and more than 200 fintech companies. The country’s youthful population has driven Nigeria’s thriving fintech sector, increased smartphone penetration, and a focused regulatory drive to increase financial inclusion and cashless payments, according to the McKinsey research firm.1 The booming fintech market is helping improve financial inclusion in Nigeria, where more than 40 percent of the population is unbanked.

“Zone is leading Nigerian fintech innovation with a platform capable of revolutionizing the financial system through inclusive services that positively impact people’s lives,” said Mark Gazit, CEO of ThetaRay. “By deploying sophisticated AI technology to monitor and screen payments, Zone will embed the trust into its services, enabling it to grow volume, revenues and ecosystem partners.”

ThetaRay’s award-winning SONAR solution is based on a proprietary form of AI, artificial intelligence intuition, that replaces human bias, giving the system the power to recognize anomalies and find unknowns outside of normal behavior, including entirely new typologies. It enables fintechs and banks to implement a risk-based approach to effectively identify suspicious activity and create a full picture of customer identities, including across complex, cross-border transaction paths. This allows the rapid discovery of both known and unknown money laundering threats.

ThetaRay and Zone will host a customer event: "AI in Preventing Financial Crime: A New Normality" in Lagos on May 4, for executives in the banking and fintech industry of Nigeria. Register here:

1 “Harnessing Nigeria’s fintech potential,” McKinsey, September, 2020.

About Zone

Zone (formerly Appzone) is a regulated blockchain network that enables payments and acceptance of digital currencies. Our Layer-1 Blockchain network digitizes Fiat payments and enables the transition to digital currencies while connecting previously excluded financial institutions into an all-inclusive payment ecosystem. Zone, Africa’s first regulated layer-1 blockchain network for payments, allows participating institutions to connect directly with each other and perform payment transactions without an intermediary while completely automating settlement, reconciliation, and dispute management. We are working with the brightest minds on the continent to digitize and completely automate financial services. Our mission is to connect every monetary store of value using blockchain. For more information, visit www.zonenetwork.com.

About ThetaRay

ThetaRay's, AI-powered SONAR transaction monitoring solution, based on “artificial intelligence intuition,” allows banks and fintechs to expand their business opportunities and grow revenues through trusted and reliable cross-border payments. The groundbreaking solution also improves customer satisfaction, reduces compliance costs, and increases risk coverage. Financial organizations that rely on highly heterogeneous and complex ecosystems benefit greatly from ThetaRay's unmatchable low false positive and high detection rates.

To learn more about ThetaRay, please visit: https://www.thetaray.com/

 

 

 

Contacts

Nina Gilbert, for ThetaRay
Nina.gilbert@thetaray.com

For Zone
Oluwatobi Alaka, for Zone
oalaka@zonenetwork.com

 

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Crypto 1 Announces Its $500M C1 Secondaries Fund in Blockchain, Crypto and Web3 Companies

DUBAI, United Arab Emirates - Thursday, 30. March 2023 AETOSWire Print 

(BUSINESS WIRE)--Crypto 1 announces the founding of the C1 Secondaries Fund (the “Fund”), a newly incorporated investment fund targeting $500M investing in secondaries in Blockchain, Crypto, Web3 and FinTech companies.

The C1 Secondaries Fund is a regulated private investment fund formed for the purpose of investing in secondaries asset acquisition – the purchase of shares in existing private growth companies. The C1 Fund portfolio focuses on digital assets, blockchain technology and applications, cryptocurrency services (not direct investment in cryptocurrencies), Web3 financial applications and advanced FinTech. Sample target company applications include digital assets and cryptocurrency exchanges, payment systems and/or related financial services companies, including wallets, custodian-services, lending and decentralized finance. The Fund will invest across multiple geographies but with a focus on secondaries investments in international markets, especially those with strong and/or growing regulatory regimes.

About the Team

The C1 Secondaries Fund is managed by C1 Investment Advisors LLC, an experienced team of international entrepreneurs and investors based in the United Arab Emirates and Silicon Valley. The team includes extensive experience in founding companies that have gone on to IPO and investing in secondary transactions globally in Digital Assets and FinTech companies. The C1 Secondaries Fund is led by Dr. Najamul Kidwai, Co-Founder and Managing Partner, Michael Lempress, Co-Founder and Managing Partner, Michael (Xu) Zhao, Co-Founder and Managing Partner, David Hytha, Co-Founder and Partner, and Cheriyl Lakshmy, Co-Founder, Director of Research and Operations.

The C1 team recently founded and led the successful initial public offering of Crypto 1 Acquisition Corp $230M raise.

There is an outstanding opportunity to deploy capital with very attractive pricing and risk adjusted returns in leading digital assets businesses whose investors are seeking liquidity, we aim to be the liquidity partner of choice for secondary transactions in the digital assets market.

C1 Secondaries Fund Co-Founder and Managing Partner Dr. Najamul Kidwai stated, “Despite the so-called Crypto reset, investment in Digital Assets and Crypto-related services continues to grow rapidly. At its core this is the next digitization of finance.” The C1 Secondaries Fund will focus on companies operating under significant regulatory frameworks. Co-Founder and Managing Partner, Michael Zhao stated “the regulated route is the only route for any crypto company’s growth if it wants to be a serious player for the long run. Long gone are the days where digital asset players enjoyed an early-mover advantage and benefited from a fast-growing bull market. Recent crypto market turbulence is just another example that shows why the market needs proper risk control and compliance; we are focused on these companies.”

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or national jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” will be included in the Fund’s official offering statements. The Fund undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005194/en/


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https://www.aetoswire.com/en/news/3003202331414
Contacts
C1 Secondaries Fund
www.c1fund.com

Najamul Kidwai
naj@crypto1.vip

David Hytha
david@crypto1.vip

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Hayatna Rewards Lucky Consumers with a Brand-New SUV and an Entire Year of Groceries

Since its launch in 2022, Hayatna’s natural & healthy products have been winning the hearts of people in the country. Inspired to reward our consumers, Hayatna launched a mega promotion campaign from 22nd to 30th December 2022 across the UAE. The campaign was an extension of the brand promise “From our farms to your table”. It encouraged shoppers to buy Hayatna’s products worth AED 20 for a chance to win a stunning Jeep Wrangler & an entire year’s supply of groceries in the form of AED 10,000 vouchers. 

The promotion received an overwhelming response. Expressing pure joy with the big win, “Mohammad Sohaib” the winner of the Jeep Wrangler said, “I picked up Hayatna’s Lassi purely out of curiosity, and I'm obsessed with their entire ethnic range now. The Jeep is a massive surprise as I wasn’t expecting to win anything. It’s fantastic to see a brand give back to its consumers.”

Hayatna is committed to providing the most exceptional dairy and food products, which meet the nutritional expectations of the bustling population in the UAE. It brings to the table more than 150 products in 20+ categories that bear the hallmark of pure quality and sustainable innovation.

Hayatna’s ethnic product line falls under a unique category created to address the preferences and special flavors of a large and diverse consumer group. The dairy products are specially formulated based on popular taste and traditional values with a modern interpretation.


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https://aetoswire.com/en/news/2703202331331
Contacts
Tamer Saladin

00971523336190

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Dr. Moopen’s Family increases 4% stake in Aster DM Healthcare buying shares for Dh 207 million

The increase of 4% stake from 37.88% reaffirms the family’s commitment to the business in India and GCC
Listed in India, the valuation of Aster DM Healthcare stands at USD $ 1.4 billion as on date
The promoters of Aster DM Healthcare have increased their shareholding in the India listed company by 4% from 37.88% to 41.88%, after acquiring additional stake from one of the large private equity investors at an additional investment of Dh. 207 million.

Speaking on the increase in stake, Dr. Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare said, “The increase of our stake in Aster DM Healthcare is a reiteration of our confidence in the business across geographies and our commitment to the patients and employees who have placed their trust in us. As a family we are fully committed to Aster and promise our continued involvement in GCC and India businesses both in terms of ownership and management.

Aster DM Healthcare, with a turnover of Rs. 10,253 crore or AED 5 billion in FY 2021-22, is performing very well during this FY in turnover and profits with an exciting stage of growth, due to restructuring of India and GCC businesses being pursued actively. In India we are moving ahead with new projects like 350-bedded Aster Capital Hospital in Trivandrum - Kerala, 200 bedded Aster MIMS Hospital in Kasargod - Kerala, 150-bedded Aster Narayanadri Hospital in Tirupati – Andhra Pradesh, 100-bedded Aster G Madegowda Hospital in Mandya – Karnataka among others. We have also rolled out 239 Aster pharmacies and 177 Aster Labs & patient experience centres already. With 4,095 beds in 15 hospitals in India going up to 4,670 in 18 hospitals next financial year, Aster shall be connecting all the above through the myAster App that is going to be launched this year to give omni channel care to our customers.

The launch of 181 bed Aster Royal Hospital in Oman, 101 bed Aster Hospital in Sharjah and the acquisition of a 126 bedded hospital in Al Qusais which would be operational soon, will make Aster one of the largest healthcare providers in GCC with 15 hospitals, 113 clinics and 257 pharmacies. The company has embarked on a plan to roll out 250 new Aster Pharmacies in the Kingdom of Saudi Arabia.  The Omni channel healthcare delivery is being tied up with the myAster App which has already received 352,000+ downloads within a short period since its launch.

Aster DM Healthcare, with its presence in 7 countries and 828 establishments employs 29,108 people and serves over 18 million patients a year.”


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https://aetoswire.com/en/news/002903202300025en
Contacts
Lavanya Mandal

Head of PR and Internal Communications

Aster DM Healthcare

+971 52 812 6577

Email: Lavanya.mandal@asterdmhealthcare.com

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Abu Dhabi University signs MoU with Atkins to enhance collaboration in nuclear and energy sectors

Abu Dhabi University (ADU), one of the leading academic institutions in the Middle East and North Africa (MENA) region, has signed a memorandum of understanding (MoU) with Atkins, the leading global design, engineering and project management consultancy, that aims to enhance academic cooperation and exchange of scientific expertise between the two organizations in nuclear and energy sectors in the UAE.

As part of the five-year agreement, ADU will partner with Atkins to develop and deliver targeted trainings, activities and events that present educational programs about nuclear power and energy solutions and collaborate on research and scientific studies in the field. In addition, Atkins will provide training opportunities, including internships and project experience for ADU’s students, helping to build local capabilities and create job opportunities in the nuclear sector. The MoU was signed by Professor Ghassan Aouad, Chancellor, ADU, and David Haboubi, Head of Nuclear and Net Zero Energy, Middle East & Africa, at Atkins, a member of the SNC-Lavalin Group.

Professor Ghassan Aouad, Chancellor of ADU, said: “Abu Dhabi University is committed to enhancing research and innovation in key sectors, including Environmental Health and safety, nuclear and energy. This MoU with Atkins will provide valuable opportunities for our students and faculty to collaborate with industry experts and gain practical experience in these fields. We look forward to working closely with Atkins to develop educational programs and research initiatives that will contribute to the UAE’s sustainable development goals and build local capabilities.”

“With over 50 years’ presence in the Middle East, Atkins has played a key role in developing and enhancing the region’s nuclear and first-of-a-kind energy projects, which are critical to achieving a net zero carbon future,” said Haboubi. “We are truly excited to strengthen our working relationship with ADU through this collaboration, to further build the great talent that the University has by providing targeted research, projects and career opportunities.”

The UAE will host the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in November 2023 at Expo City Dubai to unite the world towards agreement on bold, practical and ambitious solutions to the most pressing global challenge of our time. As host, the UAE will mobilize action around a “major course correction” to accelerate emissions reductions while ensuring energy security. Globally, SNC-Lavalin has developed the ‘Engineering Net Zero’ (ENZ) program, which focuses on leading the engineering industry to achieve Net Zero Carbon as rapidly as possible by helping clients manage climate risks and build climate resilience.

 

Abu Dhabi University is the largest private university in the UAE committed to providing graduates with the knowledge, skills, and mindset to become leaders of tomorrow, and engaging in research and innovation that make a difference to society. With five colleges offering over 50 undergraduate and postgraduate programs, campuses in Abu Dhabi, Al Ain, Dubai and Al Dhafra Region, and multiple affiliations with globally renowned institutions, ADU has the largest engineering college in the UAE, covering a diverse range of engineering and technology programs to more than 2,000 students.

The SNC-Lavalin Group, including Atkins and Faithful+Gould, has the biggest private nuclear capability in the world with a global track record of success in delivering nuclear projects and end-to-end engineering services for the entire project life cycle from the concept stage to design and technology development, including new-build programs, and from asset management through to end-of-life and waste management. Since 2011, Atkins has been a trusted advisor, engineering services, and project management partner on the Barakah Nuclear Energy Plant, the first nuclear power plant in the UAE. In line with its commitment to building local talent, Atkins has provided internship and training opportunities to over 30 Emiratis to gain technical expertise and practical knowledge in nuclear through mentorship and on-the-job training.

About Atkins

Atkins (www.atkinsglobal.com) is one of the world’s most respected design, engineering and project management     consultancies, employing over 19,000 people across the UK, North America, Middle East and Africa, Asia Pacific and Europe. We build long-term trusted partnerships to create a world where lives are enriched through the implementation of our ideas.

 

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. – and delivered to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. News and information are available at www.snclavalin.com or follow us on LinkedIn and Twitter.

About Abu Dhabi University:

Abu Dhabi University (ADU) is one of the region’s leading academic institutions and one of the UAE’s top three universities according to the Times Higher Rankings, working in line with the UAE Government’s National Agenda to deliver internationally accredited academic programs and world class research. Established in 2003, with campuses across Abu Dhabi, Dubai, Al Ain, and Al Dhafra, the University has a total enrollment of over 7,500 students from over 100 nationalities. Structured into Colleges of Arts and Sciences, Business, Engineering and Health Sciences, ADU offers over 50 undergraduate and graduate programs across a wide range of disciplines.

Abu Dhabi University is known for its cutting-edge, internationally accredited programs, additionally, ADU’s graduates are highly employable and work in high jobs and further studies with the university and other prestigious institutions. ADU provides its diverse faculty and students with world-class resources, facilities and learning opportunities that foster innovation and support researchers in the production of knowledge and research-based problem solving. The University enjoys strong international collaborations with leading academic institutions and with public and private sector organizations. With institutional accreditation from the US-based Western Association of Schools and Colleges’ Senior College and University Commission (WASC), ADU is ranked 301-350 universities in the world according to the 2023 Times Higher Education World University rankings and received 5 stars in the 2022 QS Stars rating. Abu Dhabi University is among the top three universities in the UAE in holding prestigious accreditations at institutional, college or subject level.

To know more about ADU, follow on Twitter, Instagram, Facebook, LinkedIn and YouTube.


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https://www.aetoswire.com/en/news/atkins29032023000565eng
Contacts
Zeina Kourki                                                                                                          

Manager, External Communications                                                                                

SNC-Lavalin - Middle East & Arica                                                                    

Zeina.Kourki@snclavalin.com                                                                         

 

Nour Shamaylah

Senior PR & Communications Specialist

Abu Dhabi University 

nour.shamaylah@adu.ac.ae

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Boehringer Ingelheim reaches more patients than ever in 2022 as innovative medicines drive growth

Medicines reached a record 30 million people, driven by JARDIANCE® and OFEV®
R&D investments of 5 billion EUR, or 21 percent of net sales
Net sales rise 10.5 percent (currency adjusted), up strongly to 24.1 billion EUR
 

(BUSINESS WIRE)--Boehringer Ingelheim today reported a strong performance in 2022, a year in which 30 million patients benefited from its innovative medicines, while deepening investments in the search for new treatments. Research & development investments reached 5 billion EUR, or 21 percent of net sales. Net sales rose by a currency-adjusted 10.5 percent to 24.1 billion EUR.

“2022 has shown that our long-term commitment to medical research is the right strategy. For some patient conditions that were until recently deemed difficult to treat, we have now found medical entities that can be true breakthroughs,” said Hubertus von Baumbach, Chairman of the Board of Managing Directors. “The acceleration of our broad pipeline demonstrates our commitment to transform the treatment of cardiovascular-renal diseases, inflammation, and respiratory diseases, as well as mental health, oncology and retinal diseases.”

Development of the pipeline progressed very well in 2022. Boehringer Ingelheim received one Breakthrough Designation, three Fast Track Designations, and two Orphan Drug Designations from the FDA. In the next seven years the company expects about 20 regulatory approvals in human pharma. Throughout the current year, Boehringer Ingelheim expects to present additional data from its pipeline.

In 2022 operating income at Group level rose by 1.4 percent to 4.8 billion EUR, while income after taxes amounted to 3.2 billion EUR.

“The strong commercial performance provides a solid base to finance our late-stage pipeline, mid-term growth opportunities, as well as further investments in new technologies. It will enable us to address future unmet patient needs,” said Michael Schmelmer, Member of the Board of Managing Directors with responsibility for Finance & Group Functions.

JARDIANCE® and OFEV® drive sales growth in Human Pharma

The Human Pharma business achieved currency-adjusted net sales growth of 13.6 percent to 18.5 billion EUR, driven by JARDIANCE® and OFEV®.

JARDIANCE®, which is used to treat type 2 diabetes and heart failure with reduced and preserved ejection fraction, was the company’s most significant growth and revenue contributor, with net sales of 5.8 billion EUR and a currency-adjusted growth of 39.1 percent in 2022.

OFEV® was the company’s second-strongest revenue contributor. OFEV® is a medicine for the treatment of patients with idiopathic pulmonary fibrosis as well as certain fibrosing interstitial lung diseases. OFEV® generated net sales of 3.2 billion EUR, representing a currency-adjusted growth of 20.6 percent in 2022.

The biopharmaceuticals contract manufacturing business achieved annual net sales of over 1 billion EUR, reinforcing the company’s position as a leading manufacturer of biopharmaceuticals worldwide.

Animal Health to launch around 20 new products, starting in 2023

Animal Health experienced the effects of the economic slowdown in North America, intense competition and declining net sales of swine vaccines in China. Net Sales were on a comparable level with 2021 at 4.6 billion EUR in 2022. NEXGARD®, a medication for flea and tick protection for dogs, rose by currency-adjusted 8.0 percent to reach more than 1 billion EUR in annual sales, marking an industry-first.

R&D investments in Animal Health amounted to 464 million EUR in 2022, or 10 percent of the business unit’s sales, well exceeding industry average. Animal Health has an ambitious schedule to launch about 20 new products, starting this year, including novel flea and tick products for cats and dogs and a breakthrough oral product for diabetes in cats.

Looking ahead, Boehringer Ingelheim anticipates moderate growth in 2023, on a comparable basis, with a slight increase in its operating income, creating the fundamentals for bringing more innovative medicines to patients and animals.

Click here for the full release: Boehringer Ingelheim reaches more patients than ever, innovation drives growth | Boehringer Ingelheim (boehringer-ingelheim.com)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230329005441/en/


Permalink
https://www.aetoswire.com/en/news/2903202331384
Contacts
Harro Ten Wolde
Head of Global Media Relations
Email: harro.ten_wolde@boehringer-ingelheim.com
Phone Number: +49 (6132) 77-181352

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Stellarator Fusion Company, Type One Energy Group, Raises $29 Million in First Financing, Appointing Christofer Mowry as CEO

MADISON, Wis. - Wednesday, 29. March 2023 AETOSWire Print 


Type One Energy Group, Inc. capitalized with $29M, names new CEO

(BUSINESS WIRE) -- Type One Energy announced today the close of an over-subscribed $29 million financing round. This effort launches the company’s ambitious, partner-rich and capital-efficient FusionDirect program to commercialize its stellarator fusion technology.

Type One Energy’s technical foundations provide a powerful springboard to achieve its mission. Founded by several of the world’s leading stellarator experts, Type One Energy also brings concentrated experience from renowned fusion science institutions, including the University of Wisconsin-Madison in the U.S., the Max Planck Institute for Plasma Physics in Germany and the Massachusetts Institute of Technology (MIT) for its work on advanced magnet technology. The stellarator is a fusion technology characterized by inherently stable and steady-state operations. Related to tokamaks, stellarators do not, however, require massive circulating electric currents to assist in creating the magnetic fields used to confine their fusion plasma. This makes stellarator technology less physically complex and easier to translate into a practical fusion power plant.

Breakthrough Energy Ventures (BEV), TDK Ventures and Doral Energy Tech Ventures co-led the round with additional cleantech investment from Darco, the Grantham Foundation, MILFAM, Orbia Ventures, Shorewind Capital, TRIREC, VAHOCA and others.

The company’s unique FusionDirect commercialization program takes advantage of recent important breakthroughs to pursue a lowest-risk, shortest-schedule pathway to fusion energy. Improvements in stellarator fusion performance and plasma science work together with technical innovations in high-temperature superconducting (HTS) magnet technology and advanced manufacturing to spark Type One Energy’s launch of FusionDirect.

Type One’s commercialization program is being executed through a set of global partnerships with leading fusion science and technology research institutions, universities and industrial companies. These partnerships reflect the career-long collaborative relationships which the company’s industry-recognized technical leaders bring to Type One Energy. This technical leadership team includes Chief Technology Officer Dr. Thomas Sunn Pedersen, Chief Science Officer Dr. John Canik, Chief Engineer Dr. David Anderson, and Head of Stellarator Plasma Science Dr. Chris Hegna.

“Fusion is the ultimate energy source, and its successful commercialization will be a huge leap towards achieving clean and abundant energy for everyone,” said Carmichael Roberts, Breakthrough Energy Ventures. “Advances in stellarator science, including Type One Energy’s ability to execute a stellarator development project, provide the basis for a very exciting and promising path to practical fusion on the grid in the coming decades.”

With this announcement, the company will onboard former Breakthrough Energy Ventures’ (BEV) Senior Advisor on Fusion, Christofer Mowry, to serve as Chief Executive Officer (CEO). “Type One Energy represents a special opportunity. This team’s knowledge and credibility gives Type One the unique ability to effectively integrate recent global advances in stellarator-relevant technology and to deliver a fusion power plant without another costly, large-scale, science validation machine,” stated Type One Energy Group CEO Christofer Mowry. Previously, Mowry held the CEO position at General Fusion, where he scaled up the company and raised over $200M in private investment and government support from three countries.

“The science basis for stellarators has taken major leaps forward in the past several years. Through a combination of experimental demonstrations and the use of high-performance computing, the stage is set for the development of power plant scale machines,” said Dennis Whyte, Director of MIT’s Plasma Science and Fusion Center. “We look forward to collaborating with Type One Energy to realize the advantages of HTS high-field fusion magnets to their stellarator technology.”

“The world will need a source of high energy density low-carbon power in the coming decades to achieve energy transition and decarbonization. Among several startups that we have evaluated, Type One Energy is on a credible accelerated trajectory to commercialize a steady-state baseload fusion power plant. TDK Ventures is excited to back this highly accomplished leadership team,” said Tina Tosukhowong, Investment Director at TDK Ventures.

About Type One Energy Group

Type One Energy Group is mission-driven to provide sustainable, affordable fusion power to the world. The company was formed in 2019 by a team of globally-recognized fusion scientists with a strong track record of building state-of-art stellarator fusion machines, together with veteran business leaders experienced in successfully scaling companies and commercializing energy technologies. Type One Energy applies proven advanced manufacturing methods, modern computational physics and high-field superconducting magnets to develop its optimized stellarator fusion energy system. Its FusionDirect development program pursues the lowest-risk, shortest-schedule path to a fusion power plant over the coming decade, using a partner-intensive and capital-efficient strategy. For more information, visit https://www.typeoneenergy.com/.

About Breakthrough Energy Ventures (BEV)

Founded by Bill Gates and backed by many of the world’s top business leaders, BEV has raised more than $2 billion in committed capital to support cutting-edge companies that are leading the world to net-zero emissions. BEV is a purpose-built investment firm that is seeking to invest, launch and scale global companies that will eliminate GHG emissions throughout the economy as soon as possible. BEV seeks true breakthroughs and is committed to supporting these entrepreneurs and companies by bringing to bear a unique combination of technical, operational, market and policy expertise.

BEV is a part of Breakthrough Energy, a network of investment vehicles, philanthropic programs, policy advocacy and other activities committed to scaling the technologies we need to reach net-zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005074/en/


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https://www.aetoswire.com/en/news/2903202331402
Contacts
Catalina Carvajal, media@typeoneenergy.com, +1 646 480 0356

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ExaGrid Named a Finalist for Network Computing Awards 2023


 The Tiered Backup Storage Company is up for Eight Industry Awards

(BUSINESS WIRE) -- ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that it has been nominated in eight categories for the annual Network Computing Awards. The winners of this year’s awards will be announced at the awards ceremony in London on May 18, 2023.

ExaGrid has become a finalist in the following categories:

Data Protection Product of the Year – ExaGrid Tiered Backup Storage

Storage Product of the Year – ExaGrid Tiered Backup Storage

The Return On Investment Award – ExaGrid Tiered Backup Storage

Hardware Product of the Year – ExaGrid Tiered Backup Storage

Customer Service Award – ExaGrid

Product of the Year – ExaGrid Tiered Backup Storage

Company of the Year – ExaGrid

Voting to determine the winner in each category is underway now. Additionally, ExaGrid is nominated for the “Bench Tested Product of the Year” award (determined by judges after an independent product review).

“We are honored to be nominated in so many categories for this year’s Network Computing Awards,” said Bill Andrews, President and CEO of ExaGrid. “ExaGrid has continued to innovate, regularly updating our Tiered Backup Storage system with new features that add to our unique integrations with the leading backup applications, and to our comprehensive security features. We are the only company completely dedicated to backup storage and to providing our customers with the best customer service.”

About ExaGrid

ExaGrid provides Tiered Backup Storage with a unique disk-cache Landing Zone, long-term retention repository, and scale-out architecture. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The Retention Tier offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and product obsolescence. ExaGrid offers the only two-tiered backup storage approach with a non-network-facing tier, delayed deletes, and immutable objects to recover from ransomware attacks.

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

Visit us at exagrid.com and connect with us on LinkedIn. See what our customers have to say about their own ExaGrid experiences and learn why they now spend significantly less time on backup storage in our customer success stories. ExaGrid is proud of our +81 NPS score!

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

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005248/en/


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https://aetoswire.com/en/news/2903202331389

Contacts
Media:
Mary Domenichelli
ExaGrid
mdomenichelli@exagrid.com

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Statement by SES S.A.

(BUSINESS WIRE) -- In response to rumours in the market, SES S.A. confirms that the company has engaged in discussions regarding a possible combination with Intelsat. At this stage, there can be no certainty that a transaction would materialise. The Board of SES remains fully committed to acting in the best interest of SES and its shareholders.

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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 ~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.

 

   

Contacts

Richard Whiteing
Investor Relations
Tel. +352 710 725 261
richard.whiteing@ses.com

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

 

 

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Vortexa and Energy Aspects Announce Strategic Partnership

LONDON - Wednesday, 29. March 2023 AETOSWire Print 

(BUSINESS WIRE)--Energy Aspects (EA) and Vortexa today announced a new strategic partnership that combines industry leading energy commodity data and intelligence with best in class cargo tracking analytics to provide energy markets with even greater understanding of short-term market dynamics.

Under the partnership, EA will use Vortexa’s market leading cargo tracking analytics as an input to its world-class research and analysis on global crude, refined products and LNG markets. The partnership will help bring increased clarity to energy markets during a time of historic complexity, volatility and transition.

“We are pleased to announce that Vortexa is our new preferred third-party provider of global flows data”, said Fredrik Fosse, Chief Executive at Energy Aspects. "Trusted data is key to our best-in-class fundamental analytics, and it's important for us to benchmark and complement our primary data sources with those of the leading third-party providers."

“We are very excited to partner with Energy Aspects. Their stellar reputation and global reach across energy markets, now powered by the breadth and depth of Vortexa analytics will drive increased value to our clients and partners. We are proud of this clear endorsement of Vortexa’s best-in-class data in energy and freight analytics as compared to other legacy providers'' said Fabio Kuhn, Founder & CEO, Vortexa.

Ends

About Energy Aspects

Energy Aspects was founded in 2012 by energy industry experts Dr. Amrita Sen, Fredrik Fosse, and Richard Bronze to meet the need for timely, independent research that provides deep dives in energy market and macro fundamentals, grounded on robust data and timely forecasts, all while maintaining a commitment to timeliness and precision. Over 500 organisations rely on Energy Aspects’ broad product range covering short-term, long-term, and macro trends, and direct access to analysts for specific queries. It is headquartered in London with additional offices in New York, Houston, Singapore, Tokyo, Kolkata, Vienna, and Athens.

About Vortexa

Vortexa provides market-leading real-time data and advanced analytics for energy and freight markets. With the most accurate and complete picture of global flows, freight and inventories, Vortexa covers crude oil, refined products, LPG and LNG, across all vessel classes. We help traders, analysts and freight professionals gain a competitive edge into complex and opaque markets by making better trading decisions with confidence. Vortexa is a multidisciplinary force of over 115 employees combining the best of energy and freight expertise, data science and engineering across major hubs in London, Singapore, Houston, New York City and the UAE.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230328005124/en/


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https://www.aetoswire.com/en/news/2903202331382
Contacts
Energy Aspects:
press@energyaspects.com

Vortexa:
Natasha Adams
T: +49 152 5952 8457
E: natasha.adams@vortexa.com

 

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YoHo Provides Emergency Relief to Earthquake Victims in Turkey and Syria

HONG KONG - Thursday, 23. March 2023

(BUSINESS WIRE)--YoHo, the voice social networking platform attached to a listed company, has sent its Chinese members of the Middle East team to the frontlines to offer condolences to its local agency manager, content creators, and users who have suffered from the recent earthquakes in Turkey and Syria. The YoHo team in Syria has provided emergency cash aid that can cover a week of living expenses to some of the content creators. In Turkey, more than 100 supply kits have been provided, including food, soap, vitamin tablets, sanitary napkins and other daily necessities.

In addition, the YoHo team has opened an official donation room on its voice social networking platform and set up a "donation box" account. Starting from February 8th to the next 2-3 months, the team plans to raise funds for 100 Syrian content creators who are facing difficulties each week, in order to help improve their lives directly. In Turkey, together with its huge user community, the YoHo team has also made every effort to provide more opportunities to find the lost victims of the earthquake. Through YoHo platform, users paid silent tribute to the death and destruction, prayed for all those affected by the earthquake and encouraged each other.

"Seeing so many people affected by the earthquake deeply saddens us. We express our deepest condolences to the families who lost their loved ones," said the leader of YoHo Middle East team. "In one of our teams based in Egypt, there is such a partner whose hometown happens to be from Syria. And we made a special visit to her parents in Syria to offer our condolences and support."

YoHo has always focused on corporate social responsibility and is committed to making positive contributions to charity and public welfare. In 2022, YoHo joined forces with other social networking platforms to hold public welfare activities during Ramadan in the MENA region. YoHo held a charity event for the 57357 Hospital on the platform and team members in charge of YoHo MENA presented and handed over the money raised by the event especially.


View source version on businesswire.com: https://www.businesswire.com/news/home/20230322005591/en/


Permalink
https://www.aetoswire.com/en/news/53366262


Contacts

Maxwell
maxwell@micous.com
+20 01069212750

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