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Blog posts March 2024

Flowing Cloud Announces 2023 Annual Results

Comprehensive Development of All Business Segments with Double-digit Growth in Revenue and Profits

Financial Highlights

  • Revenue of RMB1,244.7 million, representing an increase of 16.7% as compared to the previous year.
  • Gross profit of the Company was RMB420.7 million, representing an increase of 12.5% as compared to the previous Reporting Period.
  • Profit for the year amounted to RMB263.9 million, representing an increase of 11.6% as compared to the previous year.
  • Adjusted net profit was RMB 274.0 million, representing an increase of 6.3% as compared to the previous year.
  • Basic and diluted earnings per share was RMB14.60 cents.
     

(BUSINESS WIRE)--Flowing Cloud Technology Ltd (“Flowing Cloud” or the “Company”); Stock Code: 6610.HK) is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively, the “Group”) for the year ended December 31, 2023 (the “Reporting Period”).

In 2023, amidst a complex and volatile external environment, the Group firmly grasped the industry’s technological trends and era-defining opportunities and strove to enhance the quality of our content production and service levels, optimize our internal management models and focus on providing customers with multi-scenario, cross-ecosystem and comprehensive AR/VR content and services. During the Reporting Period, all business segments of the Company developed comprehensively, and the financial performance continued to grow, achieved a revenue of RMB1,244.7 million, representing an increase of 16.7% as compared to the previous year. The gross profit of the Company was RMB420.7 million, representing an increase of 12.5% as compared to the previous Reporting Period. Profit for the year amounted to RMB263.9 million, representing an increase of 11.6% as compared to the previous year. Adjusted net profit was RMB274.0 million, representing an increase of 6.3% as compared to the previous year. Basic and diluted earnings per share was RMB14.60 cents.

AR/VR marketing services: high-quality deliveries supported by technological strength, and the first time for the business landscape to go overseas.

The AR/VR marketing services business was the Group’s primary source of revenue for 2023. During the Reporting Period, the Group continued to provide high-quality AR/VR marketing services to customers, and revenue from domestic marketing business increased by 9% year-on-year to RMB745.6 million, which was mainly attributable to the fact that the Group provided customers with comprehensive AR/VR marketing solutions featuring higher conversion rates and stronger user stickiness through delivering higher quality content and utilizing an efficient AR/VR content creation platform. In addition, the number of long-tail media institutions reached also increased from 4,378 in 2022 to 4,780 in 2023, representing a year-on-year increase of 9.2%.

The Group also expanded AR/VR marketing services overseas for the first time in 2023, providing marketing services to overseas customers based on mature AR/VR content creation and traffic distribution platform. During the Reporting Period, the Group’s overseas marketing business recorded a revenue of RMB99.6 million. The Group served four foreign advertising agencies with a coverage of 374 overseas long-tail media institutions, marking the first step in successfully taking its AR/VR marketing services overseas.

AR/VR content: actively expanding multi-scenario applications and diversifying customer base

The Group’s AR/VR content business recorded a revenue of RMB334.0 million in 2023. The number of AR/VR content business customers increased from 58 in 2022 to 75 in 2023. The number of AR/VR content projects it carried out increased from 149 in 2022 to 170 in 2023. The business development team actively expanded business resources and content scenarios over the past year, further diversifying the Group’s customer base.

The Group focused its business on online AR/VR content development, creating online virtual content and platforms for several customers, including a well-known PRC Internet company and a major PRC telecommunications operator. In addition, the Group endeavored to explore new scenarios and experiences for offline AR/VR content. The Group collaborated with a Chinese state-owned airport group to create a “Digital Twin Airport Media Marketing Platform” for a city airport. As such, the level of digital services and operational efficiency of the airport were enhanced. Furthermore, the Group organized a “VR + Archaeology” exhibition for an AAAAA scenic spot in Sichuan Province, providing tourists with an immersive experience to explore the allure of ancient Sichuan civilization up-close.

During the Reporting Period, the Group also closely cooperated with the government and corporate customers in the downstream sectors to introduce a series of benchmark projects for the same. For example, the Group launched an online tourism exhibition center for an international tourism center in a city in Fujian Province. The center provides tourists with new ways to explore the city’s scenic spots, understand its history and participate in its future development. The Group also built a metaverse city exhibition hall for a city in Zhejiang Province which has become the central exhibition building to attract investments in the local vicinity.

AR/VR SaaS service: new hardware platform continues to iterate and upgrade, and continuously improves delivery quality

Based extensive experience in developing AR/VR content and service projects, the Group has developed a standardized, simplified-code and user-friendly AR/VR SaaS platform, which empowers experiences such as AR/VR exhibition, AR/VR showcase, live-streaming and marketing, with the goal to improve the participation level and experience of their end users. In 2023, the Group’s AR/VR SaaS service business recorded revenue of RMB57.6 million, representing a significant year-on-year increase of 31.7%.

The Group continuously iterates and upgrades its SaaS platform, with ongoing optimizations in the development process and improvements in delivery quality. These efforts aim to promote the platform as the choice for more small-and medium-sized AR/VR content developers. During the Reporting Period, the number of paid users of our AR/VR SaaS platform increased by 103% year-on-year to 9,283, and the number of customized AR/VR SaaS projects increased to 402, representing an increase of 26% as compared to 2022.

Exploring new business: expanding AI + digital characters services for the first time, and developing emerging C-end content

The Group is continuously exploring new directions for development and is capitalizing on AI and industry trends to create new points of business growth. In 2023, recognizing the substantial demand for C-end content from consumers, the Group ventured into the development and operation services of digital characters for the first time, and secured a leading position in this emerging field.

During the Reporting Period, the Group not only successfully created popular digital characters such as Li Hao Duck and Mo Xiaoyu, but also provided a full-range, digital character solution that includes production, live operation and commercial monetization for customers from different industries, including a famous AAAAA scenic spot in China. During the Reporting Period, the Group’s digital character matrix amassed nearly 5 million fans and upwards of 20 million likes. In the future, the Group plans to initiate the commercialization process by leveraging the fan economy, establishing commercial partnerships, engaging in live streaming e-commerce, and exploring other methods.

In 2023, the Group also expanded into new consumer C-end content fields such as “XR + Content”. For example, it launched dozens of short dramas on the WeChat mini-program platform. As its first step in expanding into the “XR + Drama Content” field, the short drama business brought it valuable industry experience. Moreover, the Group collaborated with a strategic partner to co-produce the XR version of a concert by a well-known Chinese girl group. In the future, it will continue to explore the application of content offerings for XR headsets, bringing immersive XR content entertainment experiences to end users.

Future Outlook

In 2024, the strong support from the Chinese government for digital technology and the digital industry will place the industry on the “fast track” of growth. The potential market size of the industry will further expand, and the Group will benefit from the rapid development of technology and the continuous improvement of the industry ecosystem, thus advancing the rapid development of new quality productive forces. Moreover, the release of new hardware platforms will greatly boost the demand for AR/VR content, and the interaction and viewing experience upgrades brought by new devices will lead to an explosive growth in the demand for AR/VR content and marketing.

The Group will remain committed to developing AR/VR content and services as its principal line of business. While consolidating our existing business, it will explore new businesses, new formats and new directions in an effort to expand the business landscape of the Company. Specifically, it will use its existing business as a foundation and continue to expand into different industry applications; continue to capitalize on the demand increase for content brought about by hardware upgrades and create a batch of quality projects; seize development opportunities from new technologies such as AI to boost the second growth curve; continue to expand the metaverse ecosystem and bring investment returns to the Company and benefit a wide range of upstream and downstream enterprises of the industrial chain.

About Flowing Cloud Technology Ltd

Founded in 2008, Flowing Cloud Technology Ltd initially focused on game research, development and publishing. In 2015, it officially began providing AR/VR enterprise services, offering high-quality AR/VR content and comprehensive AR/VR marketing services and creation platforms for customers. It has since evolved into a leading provider in core technologies such as the metaverse, AR/VR, artificial intelligence and big data. On October 18, 2022, Flowing Cloud was listed on the Main Board of the Hong Kong Stock Exchange, hailed as the first stock in China’s metaverse industry. As a pioneer deeply rooted in cutting-edge technology, Flowing Cloud provides partners with advanced technological solutions to high-efficiency operation, effective cost control and overall improvement of market competitiveness through its innovative spirit and research capabilities. Its business spans multiple economic sectors, including consumption, finance, industry, cultural tourism and education. Currently, the Company has established deep partnerships with over a hundred enterprises, including internet giants such as Baidu, JD.com, Ali, Tencent, Douyin and Kuaishou, jointly laying out and promoting the development of the metaverse industry.

 

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Contacts
Annie He
Tel: (0086) 15201419749
Email: yini.he@flowingcloud.com

 

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SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture

SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically

(BUSINESS WIRE)--SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale.

Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. It will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial, proven platform. Following the transaction, SLB will own 80% of the combined business and ACC will own 20%.

The International Energy Agency (IEA) sees carbon capture, utilization, and sequestration (CCUS) playing a critical role in the net-zero transition—estimating that over one gigaton of CO2 per year will need to be captured by 2030, scaling up to over six gigatons by 2050.

“For CCUS to have the expected impact on supporting global net-zero ambitions, it will need to scale up 100-200 times in less than three decades,” said Olivier Le Peuch, chief executive officer, SLB. “Crucial to this scale-up is the ability to lower capture costs, which often represent as much as 50-70% of the total spend of a CCUS project. We are excited to create this business with ACC to accelerate the deployment of carbon capture technologies that will shift the economics of carbon capture across high-emitting industrial sectors.”

SLB will pay NOK 4.12 billion to purchase 80% of Aker Carbon Capture Holding AS (ACCH), which holds the business of ACC, and will contribute the SLB carbon capture business to the combined entity. SLB may also make additional payments of up to NOK 1.36 billion over the next three years based on the performance of the business.

The transaction is subject to regulatory approvals and is expected to close by the end of the second quarter, 2024.

About SLB

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

About Aker Carbon Capture

Aker Carbon Capture is a pure-play carbon capture company with solutions, services and technologies serving a range of industries with carbon emissions, including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a unique, environmentally friendly solution for removing CO2 emissions. Find out more at akercarboncapture.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts, expectations and projections regarding the expected benefits of the proposed transaction; the expected timing of the completion of the transaction; the parties’ ability to complete the transaction considering the various regulatory approvals and other closing conditions; future opportunities for the combined business and its products and services; forecasts or expectations regarding energy transition and global climate change; and any other statements regarding the parties’ future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance. These statements are subject to risks and uncertainties, including, but not limited to, satisfaction of the closing conditions to the proposed transaction; the risk that the proposed transaction does not occur; negative effects from the pendency of the proposed transaction; the ability to realize expected benefits from the proposed transaction; the timing to consummate the proposed transaction; the inability to achieve net-negative carbon emissions goals; the timing or receipt of regulatory approvals and permits; and (as to SLB) other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in these forward-looking statements. The forward-looking statements speak only as of the date of this press release, and the parties disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

 

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

Nina Westgaard
Aker Carbon Capture
Tel: +47 481 09 409
nina.westgaard@akercarboncapture.com

Investors
James R. McDonald – SVP Investor Relations & Industry Affairs
Joy V. Domingo – Director of Investor Relations
SLB
Tel: +1 (713) 375-3535
investor-relations@slb.com

David Phillips
Aker Carbon Capture
Tel: +44 7710 568279
david.phillips@akercarboncapture.com

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Lifezone Metals Closes Private Placement of US$50 Million of Unsecured Convertible Debentures

(BUSINESS WIRE)--Lifezone Metals Limited (NYSE: LZM) is pleased to announce the closing in escrow of the previously disclosed US$50 million non-brokered private placement of unsecured convertible debentures. These debentures have been issued to a consortium of marquee mining investors, led by Harry Lundin (Bromma Asset Management Inc.) and Rick Rule.

The unsecured convertible debentures bear interest over a 48-month term, payable quarterly, at a rate of the Secured Overnight Financing Rate (“SOFR”) plus 4.0% per annum, subject to a SOFR floor of 3.0%. The debentures can be redeemed early by Lifezone, subject to the achievement of certain conditions, at a price of 105% plus interest otherwise payable to the maturity date. Interest is payable quarterly via a mix of cash and shares during the first two years and all in cash during the last two years.

The debentures are convertible into common shares of Lifezone at the option of the holder at a price of US$8.00 per share, and is subject to customary adjustments. Mandatory conversion can occur if Lifezone’s share price is greater than 50% above the conversion price for any 15 trading days within a 30 consecutive trading days period.

Net proceeds, once received, will be used to advance the Kabanga Nickel Project and for general corporate and administrative purposes.

The convertible debentures referred to in this notice have not been and will not be registered under the United States Securities Act of 1933 or with any securities regulatory authority of any state of the United States and may not be offered or sold within the United States absent registration or an applicable exemption from registration requirements.

If you would like to sign up for Lifezone Metals news alerts, please register here.

About Lifezone Metals

At Lifezone Metals (NYSE: LZM), our mission is to provide cleaner and more responsible metals production and recycling. Using a scalable platform underpinned by our Hydromet Technology, we offer lower energy, lower emission and lower cost metals production compared to traditional smelting.

Our Kabanga Nickel Project in Tanzania is believed to be one of the world's largest and highest-grade undeveloped nickel sulfide deposits. By pairing with our Hydromet Technology, we are working to unlock a new source of LME-grade nickel, copper and cobalt for the global battery metals markets, and empower Tanzania to achieve full in-country value creation and become the next premier source of Class 1 nickel. A Definitive Feasibility Study for the project is due for completion by Q3 2024.

Through our US-based, platinum, palladium and rhodium recycling joint venture, we are working to demonstrate that our Hydromet Technology can process and recover platinum group metals from responsibly sourced spent automotive catalytic converters in a cleaner and more efficient way than conventional smelting and refining methods.

https://lifezonemetals.com

Forward-Looking Statements

Certain statements made herein are not historical facts but may be considered “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended and the “safe harbor” provisions under the Private Securities Litigation Reform Act of 1995 regarding, amongst other things, the plans, strategies, and prospects, both business and financial, of Lifezone Metals Limited and its subsidiaries and/or affiliates.

Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters; provided that the absence of these does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding future events, the estimated or anticipated future results of Lifezone Metals, future opportunities for Lifezone Metals, including the efficacy of Lifezone Metals’ hydrometallurgical technology (Hydromet Technology) and the development of, and processing of mineral resources at, the Kabanga Project, and other statements that are not historical facts.

These statements are based on the current expectations of Lifezone Metals’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals and its subsidiaries. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals’ business, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to the economic and operational disruptions; global inflation and cost increases for materials and services; reliability of sampling; success of any pilot work; capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; changes in government regulations, legislation and rates of taxation; inflation; changes in exchange rates and the availability of foreign exchange; fluctuations in commodity prices; delays in the development of projects and other factors; the outcome of any legal proceedings that may be instituted against the Lifezone Metals; our ability to obtain additional capital, including use of the debt market, future capital requirements and sources and uses of cash; the risks related to the rollout of Lifezone Metals’ business, the efficacy of the Hydromet Technology, and the timing of expected business milestones; the acquisition of, maintenance of and protection of intellectual property; Lifezone’s ability to achieve projections and anticipate uncertainties relating to our business, operations and financial performance, including: expectations with respect to financial and business performance, financial projections and business metrics and any underlying assumptions; expectations regarding product and technology development and pipeline; the effects of competition on Lifezone Metals’ business; the ability of Lifezone Metals to execute its growth strategy, manage growth profitably and retain its key employees; the ability of Lifezone Metals to reach and maintain profitability; enhancing future operating and financial results; complying with laws and regulations applicable to Lifezone Metals’ business; Lifezone Metals’ ability to continue to comply with applicable listing standards of the NYSE; the ability of Lifezone Metals to maintain the listing of its securities on a U.S. national securities exchange; our ability to comply with applicable laws and regulations; stay abreast of modified or new laws and regulations applying to our business, including privacy regulation; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (SEC).

The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals’ expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals’ assessments to change. However, while Lifezone Metals may elect to update these forward-looking statements in the future, Lifezone Metals specifically disclaims any obligation to do so.

These forward-looking statements should not be relied upon as representing Lifezone Metals’ assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which are based upon information available to us as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. In all cases where historical performance is presented, please note that past performance is not a credible indicator of future results.

Except as otherwise required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data, or methods, future events, or other changes after the date of this communication, except as required by applicable law.

 

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Contacts
 
Investor Relations – North America
Evan Young
SVP: Investor Relations & Capital Markets
evan.young@lifezonemetals.com

Investor Relations – Europe
Ingo Hofmaier
Chief Financial Officer
ingo.hofmaier@lifezonemetals.com

Media Enquiries
David Petrie
Manager: Corporate Communications
david.petrie@lifezonemetals.com

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Cirium’s Airfare Data Shows Increases in Economy Airfares in 2023 in North America and Europe With a Decrease in Transatlantic Business Class Fares

LONDON - Thursday, 28. March 2024 AETOSWire Print 

U.S. domestic airfare has increased 9% compared to 2019, but lower than 19% increase in U.S. Consumer Price Index over the period
Intra-European airfare up 12% compared to 2019
Transatlantic business class airfare down 3% compared to 2019
U.S. domestic airfare fell 4% between August and December 2023
 

(BUSINESS WIRE) -- Cirium, the leading aviation analytics company, analysed airfare trends for 2023, using Cirium FM Traffic. Economy airfare has generally increased since 2023 in North America and Europe, but lower than the U.S. inflation rate.

“While airfare has risen in nominal terms in U.S. and Europe, consumers will appreciate that the increases are less than other consumables,” said Jeremy Bowen, CEO of Cirium. “Cirium’s data teams will continue to monitor the impact on fares of increased capacity in the market, despite challenges related to the availability of aircraft, be it due to groundings, engine issues, or supply chain constraints.”

Cirium analysed airfare for the U.S. domestic market (including 13 U.S. airlines), intra-European travel, and the Transatlantic market. The data is non-directionally averaged, in U.S. dollars, not including taxes and fees. Unless otherwise noted, the fares indicated are for economy class.

U.S. Domestic Airfare
The average U.S. domestic airfare by the 13 airlines was $179.25 in 2023, an increase of 9% since the 2019 average of $164.63. Notably, Cirium also analyzed changes in the U.S. Consumer Price Index from data provided by the Bureau of Labor Statistics, where the inflation rate between 2019 and 2023 was 19%. Accordingly, airfare has risen less than other consumables — 10% lower in real terms.

Beginning in August 2023, airfare decreased by approximately 4% compared to the equivalent months in 2022. Fares in December 2023 were 9% lower than December 2022. The U.S. domestic airfare data includes Alaska Airlines, Allegiant Air, American Airlines, Avelo Airlines, Breeze Airways, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue, Southwest Airlines, Spirit Airlines, Sun Country Airlines, and United Airlines.

Intra-European Airfare
Fares for flights within Europe are 8% higher than in 2022 and 12% higher than in 2019. The average airfare in Europe in 2023 was $104.58 (approximately €96) compared to $93.17 (approximately €85.70)—in each case excluding taxes and fees.

Transatlantic Airfare
The average transatlantic economy fare in 2023 was $435.17, compared to $410.75 in 2022 and $381.08 in 2019. This is an increase of 14% in 2023 compared to 2019. However, Cirium data indicates that transatlantic business class airfare is 3% lower compared to 2019, with December 2023 business class fares 7% lower compared to December 2019. The average business class fare in 2023 was $1,845.

Increase in Transatlantic Capacity
Airlines increased capacity in 2023 compared to 2022 and are poised to do the same for summer 2024, according to Cirium Diio Mi schedule data. The transatlantic carriers increased seats flown by 18% in 2023 compared to 2022. And, in the peak summer month of July 2024, the transatlantic carriers will fly almost 375,000 more seats compared to July 2023, with Air France, Delta Air Lines, and Lufthansa among the carriers increasing capacity. This action may reduce airfare on select routes.

About Cirium

Cirium is the world’s most trusted source of aviation analytics. Through powerful data and analytics, coupled with decades of industry experience, Cirium is enabling airlines, airports, travel companies, aircraft manufacturers, and financial institutions, amongst others, to make intelligent and informed decisions that improve operations, grow revenues, and enhance customer experiences.

Cirium is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. The shares of RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.

For further information please follow Cirium updates on LinkedIn or visit www.cirium.com.

 

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New Study Finds GenAI as Top Tech Investment for Manufacturers, While 94% Expect to Maintain or Expand Their Workforce

Global State of Smart Manufacturing Report reveals impact of emerging technologies on addressing workforce, quality, cybersecurity, and sustainability challenges

(BUSINESS WIRE) -- Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the results of the 9th annual “State of Smart Manufacturing Report.” The global study surveyed more than 1,500 manufacturers across 17 of the leading manufacturing countries.

This year’s report reveals a focus on harnessing new and emerging technologies to build resiliency, improve quality, maximize workforce potential, and drive sustainable growth.

“A skilled workforce is the cornerstone of any successful manufacturing operation, but attracting, managing and retaining workers is proving to be an ongoing challenge,” said Cyril Perducat, senior vice president and chief technology officer, Rockwell Automation. “The survey found technology alone is not the answer. To remain competitive, manufacturers need to focus their staff on embracing new technology as a core part of their evolving organizational culture, creating a technology/worker partnership that drives their business forward.”

Key global findings include:

AI ranks as the top capability that manufacturers believe will drive the biggest business outcomes. 83% of manufacturers expect to use generative AI (GenAI) in their operations in 2024.

95% of manufacturers are using or evaluating smart manufacturing technology – up from 84% in 2023.

94% of manufacturers plan to maintain or grow their workforce due to smart manufacturing technology adoption, with a heavy focus on repurposing workers to new or different roles and/or hiring more workers.

Change management is the leading workforce-related obstacle for manufacturers in 2024.

Manufacturers cite “improved quality” as the top positive outcome they hope to achieve from existing smart manufacturing technology for a second consecutive year. Additionally, “quality control” ranks as the #1 AI/Machine Learning use case in 2024.

For the first time, cybersecurity is listed as one of the top five external risks for manufacturers in 2024, ranking third overall.

Energy management is the factor that matters most to manufacturers’ sustainability/ESG programs.

“The workforce of 2019 is not coming back,” said Allison Kuhn, principal analyst, LNS Research. “Developing a sustainable workforce strategy is critical to successfully navigate daunting manufacturing challenges. Leaders are winning the war for talent by embracing this new reality and with a laser focus on three imperatives: 1) Total Employee Experience, 2) Servant Leadership, and 3) Connected Frontline Workforce (CFW) Applications.”

Manufacturers continue to face a significant challenge: combining people, processes, and technology to drive long-term business growth and resilience. According to the report, around one-third of manufacturing leaders cite “matching technology and talent to business need” and “effectively managing people and resources” as the biggest obstacles their organizations face over the next year. Manufacturers can overcome this challenge by selecting a partner with relevant industry expertise and experience who can provide tailored solutions and support in aligning technology and talent with business objectives.

“At Rockwell, the combination of our deep industry expertise with our exceptional PartnerNetwork™ puts us in the best position to advise and guide leading global manufacturers. Being the largest company dedicated solely to industrial automation and digital transformation, we strive to help companies realize the promise and value of their digital transformation, no matter where they are in their journey,” said Perducat.

The full findings of the report can be found here.

Methodology

This report analyzed feedback from 1,567 respondents from 17 of the top manufacturing countries with roles from management up to the C-suite and was conducted in association with Rockwell Automation and Sapio Research. The survey pulled from a range of industries including Consumer Packaged Goods, Food & Beverage, Automotive, Semiconductor, Energy, Life Sciences, and more. With a balanced distribution of company sizes with revenues spanning $100 million to over $30 billion, it offers a wide breadth of manufacturing business perspectives.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

About the Rockwell Automation PartnerNetwork™

Rockwell Automation believes we're better together—and we do our part by delivering an expansive, global partner ecosystem of market-leading technology, superior support and services, and an integrated and streamlined approach to business. Succeed on an international scale by utilizing our network's breadth of innovative technologies and services that no single vendor can provide alone. To learn more about how the PartnerNetwork is helping to deliver the value of The Connected Enterprise, visit PartnerNetwork Program.

 

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Contacts
Rockwell Media Relations
Chaya Jacobs, Director, PR & Social Media
CJacobs@ra.rockwell.com
+1 414-305-2784

 

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Alphawave Semi and InnoLight Collaborate to Demonstrate Low Latency Linear Pluggable Optics with PCIe 6.0® Subsystem Solution for High-Performance AI Infrastructure at OFC 2024

Collaboration extends Alphawave Semi and InnoLight’s leadership in optical connectivity with proven readiness for scaling AI infrastructure

(BUSINESS WIRE) -- Alphawave Semi (LSE: AWE), a global leader in high-speed connectivity and compute solutions for the world’s technology infrastructure, today announced its collaboration with InnoLight Technology, the leader in data center optics, to bring a low power, low latency linear pluggable optics (LPO) demonstration to OFC 2024. Operating at 64 Gbps per lane, this demonstration showcases Alphawave Semi’s PCIe 6.0® subsystem (Controller + PHY) with InnoLight’s LPO OSFP optics, breaking down barriers to disaggregated networking and enabling connectivity at the datacenter scale. By delivering a complete PCIe 6.0 subsystem featuring Alphawave Semi’s controller IP matched with its industry-leading proven PAM4 SerDes PHY and by collaborating with InnoLight as an industry-leading optics supplier, Alphawave Semi is fostering an ecosystem for accelerating the deployment of optical connectivity and memory coherency solutions, which are essential for scaling AI workloads in next-generation data center infrastructure.

Osa Mok, Chief Marketing Officer at InnoLight, said, “We are pleased with the collaboration between Alphawave Semi and InnoLight, which demonstrates PCIe 6.0 optical connectivity that offers both low power consumption and low latency, tailored to meet the demanding requirements of high-bandwidth and high-density AI networks. Alphawave Semi’s PAM4 DSP physical layer technology, leveraged with InnoLight’s LPO OSFP, empowers hyperscalers to implement next-generation disaggregated, composable networks.“

Tony Chan Carusone, CTO at Alphawave Semi, said, “We see our collaboration with InnoLight as a significant driver for accelerating the adoption of PCIe technology over optics. The combination of InnoLight’s market-leading optical solution with Alphawave Semi’s robust DSP technology showcases how PCIe technology over optics can enable our customers to massively scale connectivity for their compute and data processing AI workloads.”

Live Demonstration at OFC Exhibit Hall, InnoLight Booth 2625

Attendees can experience a live demonstration of low power, low latency linear pluggable optics (LPO). Operating at 64 Gbps per lane, it showcases Alphawave Semi’s PCIe 6.0 subsystem (Controller + PHY) with InnoLight’s LPO OSFP optics.

More on Alphawave Semi’s PCIe Portfolio: Alphawave Semi’s PCI-Express and CXL Solution

The Alphawave Semi PCIe Controller + PHY subsystem is an extremely power-efficient, low-latency, and highly reliable interface IP, having been built off the industry’s most successful PAM4 SerDes IP. It is available on the most advanced technology nodes. In AI and high-performance computing (HPC) systems where memory performance is key, the Alphawave Semi PCIe 6.0 Subsystem can be expanded to support CXL 3.0 with a PCIe and CXL Controller and enable memory coherency at the data center level.

InnoLight offers a wide range of low power, low latency 400G, 800G, and 1.6T LPO solutions for AI workloads at data center scale, with a silicon photonics platform, with expected capabilities to support PCIe Gen 6 and beyond optical connectivity. InnoLight is also a founding member of LPO-MSA (www.lpo-msa.org), and is actively working with the industry ecosystem to promote wide adoption of LPO solutions for AI networking and computing applications.

PCI-SIG®, PCI Express®, and PCIe ® are registered trademarks and/or service marks of PCI-SIG

About Alphawave Semi

Alphawave Semi is a global leader in high-speed connectivity and compute silicon for the world's technology infrastructure. Faced with the exponential growth of data, Alphawave Semi's technology services a critical need: enabling data to travel faster, more reliably, and with higher performance at lower power. We are a vertically integrated semiconductor company, and our IP, custom silicon, and connectivity products are deployed by global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Founded in 2017 by an expert technical team with a proven track record in licensing semiconductor IP, our mission is to accelerate the critical data infrastructure at the heart of our digital world. To find out more about Alphawave Semi, visit: awavesemi.com.

Alphawave Semi and the Alphawave Semi logo are trademarks of Alphawave IP Group plc. All rights reserved.

About InnoLight Technology

InnoLight is a world leader in providing a wide range of high-speed optical solutions for optical communication networking, especially for AI and Data Center applications, with global footprints in California, Singapore, Thailand, Taiwan, and Suzhou China. For more information, please visit www.innolight.com.

 

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Fetch.ai, Ocean Protocol and SingularityNET Unite to Create Artificial Superintelligence Alliance

Artificial Intelligence Pioneers Combine to Create a Decentralized Alternative to Existing AI Projects Controlled by Big Tech

Combined Value of the $FET, $OCEAN and $AGIX tokens is USD$7.6 billion as of March 26, 2024

(BUSINESS WIRE) -- SingularityNET (SNET), the world's first decentralized Artificial Intelligence (AI) network, Fetch.ai, a Web3 platform for the new AI economy, and Ocean Protocol, a decentralized data exchange platform to protect data, today announced the launch of the Artificial Superintelligence Alliance. The creation of the largest open-sourced, decentralized network through a multi-billion token merger is a major step that accelerates the race to Artificial General Intelligence (AGI).

The Alliance is the brainchild of three leading minds in decentralized AI. Dr. Ben Goertzel, renowned as the “Father of AGI”, founded SNET as a blockchain-based marketplace and framework for AI services. DeepMind founding investor Humayun Sheikh built Fetch.ai as a decentralized multi-agent platform to deploy and commercialize AI applications. Trent McConaghy, the architect of the AI-based software that most chip designers use to drive Moore’s Law, formed Ocean Protocol to provide a platform for data exchange and the seamless trade of tokenized data assets.

As part of the formation of the Alliance, the $FET, $OCEAN and $AGIX tokens that fuel the three Alliance member networks will be merged into a single $ASI token that will function across the combined decentralized AI network, providing unprecedented scale and power.

Built for Super Intelligence

“As the AI revolution intensifies it is imperative that AGI and ASI are not owned and controlled by any particular party with their own biased interests,” comments Dr. Ben Goertzel, CEO and Founder of SNET. “They should be rolled out in an open, democratic and decentralized way. This has been the joint vision of SNET, Fetch.ai and Ocean Protocol from their inception, and for this reason it makes total sense that our three projects come together to form a tokenomic network that has greater power to take on Big Tech and shift the center of gravity of the AI world into the decentralized ecosystem.”

“In a world of exponential AI innovation, the giants of Big Tech dominate the headlines and conversation,’” remarks Humayun Sheikh, Fetch.ai CEO & Founder. “We are forging a different path. Our mission with this token merger is to combine our platforms to ensure ethical and transparent AI that facilitates direct interactions between developers and users to bypass the traditional gatekeepers of centralized authorities. This enhances data privacy and paves the way for a more democratic and trustworthy AI ecosystem and encourages global participants to contribute.”

Compelling Strategic Rationale

Catalyzed by Rise of AI and Growth of Three AI Projects: The combination is born of a period of unprecedented growth for the AI projects. The deal provides an unparalleled opportunity for these three influential leaders to create a powerful compelling alternative to Big Tech’s control over AI development, use and monetization.

Creates a Decentralized AI Infrastructure at Scale: Decentralized AI leverages blockchain technology to turn AI systems, whose inner workings are hidden from the public, into open networks for coordinating machine intelligence towards shared objectives. The fusion of SNET, Fetch.ai and Ocean Protocol’s research, brands, technologies and products creates a foundation to build a scalable AI infrastructure which ensures ethical and trustworthy practices.

Accelerates Investment into AGI: Goertzel, Sheikh and McConaghy have long been acolytes and early-adopters of Artificial Intelligence – all focused on making AGI a reality. This Superintelligence Alliance facilitates the commercialization of each foundation’s technology, and enables wide scale access to cutting-edge AI platforms and large databases. This groundbreaking move advances the path to AGI on the blockchain.

Transaction Details

Bruce Pon, Ocean Protocol CEO & Co-Founder, believes the combination can deliver on the promise of a vertically integrated stack of decentralized technologies with scale to compete globally. “The combination of our technologies creates a leader in R&D, applications and commercialization of AGI,” Pon notes. “The unified $ASI token is the glue to orchestrate all actors with common incentives. $ASI tokens are used to secure the public network, as data access tokens and to unlock computation without needing traditional banking and payment rails. It is the native currency for the machine economy.”

If the proposal receives majority approval from the respective communities, the following will occur:

- $FET will be rebranded as $ASI, with a total supply of 2.63055 billion tokens
- $AGIX tokens migrate to $ASI, at a conversion rate of 0.433350:1
- $OCEAN tokens migrate to $ASI, at a conversion rate of 0.433226:1
- If the FDV of all three tokens as of March 26, 2024 were carried over fully into $ASI, it would have a total combined FDV of $7.6 billion USD.

Leadership and Governance

Upon closing of this token merger, a governing council for the Artificial Superintelligence Alliance will form to monitor and guide operations of the newly merged tokenomic network. The Alliance will be led by Ben Goertzel, Humayun Sheikh, Bruce Pon and Trent McConaghy. The organizations that guide development of the three merging networks, Fetch.ai, Ocean Protocol Foundation and SNET Foundation, will continue to operate as separate entities, but will collaborate closely in the shared $ASI tokenomic ecosystem and in the operation of the Alliance.

“Among our many commercial and research goals for this combined network to work is to launch a decentralized neural-symbolic AGI system with globally-superior capabilities in key areas like logical and scientific reasoning and artistic creativity,” Goertzel continues. “The impact of such a system may greatly exceed what we’ve seen from significant LLMs and lead the global economy into a new era of beneficial decentralized AGI and ASI.”

About SingularityNET

SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). According to Dr. Goertzel, AGI should be independent of any central entity, open to anyone and not restricted to the narrow goals of a single corporation or even a single country. The SNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. The core platform and AI teams are further complemented by specialized teams devoted to application areas such as finance, robotics, biomedical AI, media, arts and entertainment.

For additional information on SNET, visit: https://singularitynet.io/

About Fetch.ai

Fetch.ai, a Cambridge-based AI company, is redefining the possibilities of an intelligent and connected world through its AI agent-based technology. Fetch.ai's infrastructure technology enables developers and businesses to build, deploy & monetize through an agent-based modular platform for the new generation of AI applications. The company's core product, DeltaV, fuses Language Models (LLMs) and AI Agents to create an open and dynamic marketplace that connects users to services and reimagines the current search experience.

Learn more at www.fetch.ai and on X.

About Ocean Protocol

Ocean was founded to level the playing field for AI and data. Ocean tools enable businesses and individuals to trade tokenized data assets seamlessly to manage data all along the AI model life cycle. Ocean-powered apps include enterprise-grade data exchanges, data science competitions and data DAOs. The Ocean Predictoor product has over $800M in monthly volume six months after launch with a roadmap to scale foundation models globally.

 

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HCLSoftware et Atlas Cloud Services s'associent pour accélérer la transition numérique des entreprises au Maroc

NEW DELHI - jeudi, 28. mars 2024


(BUSINESS WIRE)-- Dans l’optique de révolutionner la communication d’entreprise, HCLSoftware, la branche logicielle de HCLTech, et Atlas Cloud Services – une branche de l'UM6P – Université Mohammed VI Polytechnique, au Maroc, ont uni leurs forces dans un partenariat visant à soutenir les transitions numériques des entreprises au Maroc. Rajiv Shesh, Chief Revenue Officer de HCLSoftware, Ryad Mezzour, ministre de l'Industrie et du Commerce, Hicham El Habti, président de l'UM6P – Université Mohammed VI Polytechnique, et Reda Loudiyi, directeur général d'Atlas Cloud Services étaient présents pour assister à la signature de l'accord de partenariat.

Le partenariat met un certain accent sur la souveraineté numérique et logicielle au Maroc. Ce partenariat garantira l'accès à des services infonuagiques de pointe englobant la collaboration, la productivité, la disponibilité, la sécurité et l'infrastructure. Avec les préoccupations évolutives concernant la confidentialité et la protection des données, les entreprises peuvent être sûres que leurs informations sensibles seront toujours protégées avec HCLSoftware.

De plus, la solution est conçue pour répondre aux besoins spécifiques des entreprises, offrant une gamme complète de fonctionnalités telles qu'une messagerie professionnelle fiable, une communication instantanée sécurisée, des visioconférences efficaces et un stockage de données flexible pouvant être accessible depuis n'importe quel endroit. Le partenariat entre les deux entreprises est essentiel pour ouvrir une nouvelle ère de souveraineté numérique et logicielle au Maroc. Ce partenariat vise également à renforcer les capacités technologiques en localisant les données au Maroc.

L'empreinte de HCLSoftware en Afrique

La collaboration entre HCLSoftware et Atlas Cloud Services reflète notre enthousiasme illustré lors de notre participation au Forum économique mondial (FEM) 2024, où nous avons mené des conversations sur les tendances technologiques émergentes et notre engagement à promouvoir la révolution numérique en Afrique.

Rajiv Shesh, Chief Revenue Officer chez HCLSoftware, a animé une table ronde mettant en avant les opportunités majeures pour l'avancement technologique en Afrique. Le thème de cette discussion tournait autour de la promotion d'une économie numérique inclusive en Afrique. Le panel comprenait Kalyan Kumar, chef de produit chez HCLSoftware ; Dario Debarbieri, directeur marketing ; et Chancard Kanga, responsable du continent africain. Tous les intervenants ont partagé un objectif commun : générer des opportunités de revenus pour les entreprises et autonomiser les populations africaines grâce à un plan quinquennal englobant des secteurs tels que l'éducation et l'agriculture en exploitant nos capacités numériques et d'IA.

Combler le fossé numérique grâce aux talents locaux

La collaboration entre HCLSoftware et Atlas Cloud Services a pour objectif d'exploiter les talents de l'Université Mohammed VI Polytechnique en vue d'une intégration future au sein de l'entreprise. Cela témoigne de notre engagement à encourager les talents locaux par le biais d'une formation approfondie et d'une assistance pour les solutions de HCLSoftware. Cela permettra aux professionnels marocains de naviguer et d'utiliser efficacement les plateformes implémentées.

Rajiv Shesh, Chief Revenue Officer, HCLSoftware, a exprimé son enthousiasme quant au potentiel du partenariat pour s’engager avec les étudiants et favoriser un état d’esprit entrepreneurial. « Ce n’est qu’un début, et nous espérons continuer à bâtir sur cet excellent partenariat », a-t-il déclaré.

Atlas Cloud Services, filiale d'UM6P, chargée de superviser les centres de données au Maroc, s'efforce d'accélérer la révolution numérique de l'écosystème national et régional, tout en assurant la souveraineté numérique des entreprises marocaines. Ce partenariat est une autre réalisation importante pour HCLSoftware, car il ouvre la voie vers un avenir numérique plus sûr en Afrique.

À propos de HCLSoftware

HCLSoftware, la division logicielle de HCLTech alimente l’économie numérique en mettant au point, commercialisant, vendant et encourageant plusieurs solutions dans quatre domaines clés : la transformation ; le numérique, les données, l’analytique et les renseignements ; l’IA et l’automatisation intelligente, ainsi que la sécurité d’entreprise. HCLSoftware catalyse la réussite de ses clients par le biais d’une innovation-produit permanente au profit de plus de 20 000 organisations, y compris l’essentiel du classement Fortune 100 et près de la moitié du classement Fortune 500.

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

 

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Brightcove Launches Cloud Playout 2.0, Providing One Experience for Media Companies to Create, Distribute and Monetize Linear Channels

BOSTON - Wednesday, 27. March 2024

Customers can now easily create channels in minutes, growing revenue and audiences on their own apps and FAST aggregators

(BUSINESS WIRE) -- Brightcove (NASDAQ: BCOV), the world’s most trusted streaming technology company, announces the launch of Cloud Playout 2.0, offering customers new ways to create linear channels, monetize their media, and streamline their workflows in one platform.

Brightcove’s Cloud Playout 2.0 allows users to leverage their existing content catalog and live streams to build a channel in minutes. The enhanced Cloud Playout includes a linear scheduler to create an electronic program guide (EPG), which can be displayed on apps and FAST platforms. Once a channel is built, media companies can operationalize the distribution of their linear channels to owned-and-operated (O&O) properties or FAST platforms. Managing this end-to-end experience within the Brightcove platform allows media companies to optimize their content with first-party data and analytics and control their ad monetization.

“Cloud Playout 2.0 gives media companies an efficient way to grow reach, increase engagement, and monetize their content,” said Scott Levine, Chief Product Officer at Brightcove. “This expansion creates a centralized platform for driving new business models, content windows, and experiences, allowing our customers to save time, money and resources. Cloud Playout 2.0 works with our leading monetization and insights tools to ensure every stream drives business value and enables our customers to delight their audience.”

Cloud Playout 2.0 helps media companies with:

Reach and Engagement: Create channels on their owned websites and apps to increase viewer engagement and extend their reach by delivering those channels to new audiences and markets with FAST aggregators.

Monetization: Adapt their monetization strategy across channels to increase revenue with a multi-tier approach, including Brightcove’s

Server-side ad Insertion (SSAI) to manage ad placement durations and bypass inconvenient ad blockers without diminishing quality and the user experience with issues like prolonged buffering.

Ad Monetization service to maximize ad revenue through full-stack or unsold ad inventory.

Free, ad-supported (FAST) channels to reach new audiences and drive viewers to subscription VOD catalogs to explore new releases and premium content.

Test and iterate ad rules across channels in minutes to improve revenue.

Efficiency: Create efficient workflows that run schedules in one platform. Customers can create and manage complex schedules for their channels while offering a VOD streaming service and live events through one platform. The linear scheduler enables users to easily search, add assets and channels, and see potential conflicts. From there, customers can convert schedules into an EPG to keep audiences up to date on the latest content.

Insights: Cloud Playout 2.0 works with Brightcove’s insights and analytics solutions so media companies can assess viewing habits and content performance to inform their programming and promotion strategies.

For more information, visit Brightcove.com.

About Brightcove Inc.

Brightcove creates the world’s most reliable, scalable, and secure streaming technology solutions to build a greater connection between companies and their audiences, no matter where they are or on which devices they consume content. In more than 60 countries, Brightcove’s intelligent video platform enables businesses to sell to customers more effectively, media leaders to stream and monetize content more reliably, and every organization to communicate with team members more powerfully. With two Technology and Engineering Emmy® Awards for innovation, uptime that consistently leads the industry, and unmatched scalability, we continuously push the boundaries of what video can do. Follow Brightcove on LinkedIn, X (Formerly Twitter), Facebook, Instagram, Threads, and YouTube. Visit Brightcove.com.

 

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Midea Group Breaks Revenue and Profit Records with RMB 373.7 Billion in 2023

FOSHAN, China - Thursday, 28. March 2024

(BUSINESS WIRE)--Midea Group, the world's largest home appliance supplier, has reported impressive growth and record profits in its 2023 annual report. The company achieved a total revenue of RMB 373.7 billion, representing a year-on-year increase of 8.10%. Concurrently, the net profit attributable to shareholders reached RMB 33.7 billion, a year-on-year increase of 14.10%, marking the largest growth since 2019.

The company's success is attributed to its "Global Impact" strategy, which has resulted in overseas sales accounting for over 40% of its total sales for several years. Midea's products have been exported to over 200 countries and regions worldwide, and it is continuously expanding its overseas manufacturing layout, promoting the construction of manufacturing bases in Indonesia, India, Thailand, Brazil, Mexico, Italy, Egypt, and other countries.

Midea's new energy and industrial technology are co-builders of digital transformation and green sustainable development in the global industrial field, consolidating its leading position in the industry. The company's household air conditioning compressor business ranked first in 2023, claiming a global market share of 45%. Its household air conditioning and washing machine motors also secured the top spot globally, with market shares of 40% and 22%, respectively. Furthermore, the company’s New Energy automotive parts product lines are rapidly developed, with an expected shipment volume of 750,000 units in 2023, representing a year-on-year growth of 400%. Additionally, through the acquisition of energy companies such as CLOU Electronics and Hiconics Eco-energy, Midea has entered the energy storage industry, which holds immense market potential.

KUKA, a subsidiary of Midea, is one of the "Big Four" industrial robot companies globally and the second-largest heavyweight robot company based on sales in 2023. In 2023, KUKA Group reached record-high revenue and order volume, with particularly strong performance in the Chinese market.

Midea's intelligent building technology provides intelligent ecological integration solution provider for building construction. According to Frost & Sullivan, the company is the largest commercial air conditioning supplier in mainland China and the fifth-largest globally in 2023.

Midea Group has invested over RMB 14.5 billion in R&D, employing more than 23,000 research personnel globally. As of 2022, the company ranks seventh globally in total patent families, first among Chinese enterprises and the global home appliance industry, with over 28,000 invention patents.

Midea Group has approximately 200 subsidiaries, 33 research and development centers, and 40 major production bases worldwide, with over 190,000 employees. The company's impressive growth and record-breaking profits demonstrate its commitment to innovation, sustainability, and global expansion.

 

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StarFive’s RISC-V Based JH-7110 Intelligent Vision Processing Platform Adopted VeriSilicon’s Display Processor IP

SHANGHAI - Thursday, 21. March 2024 AETOSWire

VeriSilicon’s scalable and flexible DC8200 IP delivers display device adaptability and high-quality effects, offering immersive visual experience

(BUSINESS WIRE)--VeriSilicon (688521.SH) today announced the successful integration of its Display Processor IP DC8200 into StarFive’s JH-7110 RISC-V mass production SoC. With high performance, low power consumption and high security features, this collaboration delivers a complete intelligent vision processing platform solution tailored for diverse applications including cloud computing, industrial control, Network Attached Storage (NAS), tablets, and Human-Machine Interface (HMI).

VeriSilicon’s DC8200 IP supports advanced image quality enhancements, enabling user premium visual experiences. It can be configured to provide optimal solutions for target applications. By integrating VeriSilicon’s proprietary compression technology, DC8200 significantly reduces DDR bandwidth, thereby enhancing overall efficiency. Moreover, DC8200 supports dual operating systems and collaborates with the RISC-V CPU to meet diverse product requirements.

Additionally, DC8200 can form robust subsystems through seamless integration with VeriSilicon’s video/image processing IPs, delivering immersive experience to end users with crisp edge, fine detail enhancement, and rich color.

Thomas Xu, CEO of StarFive, said, “Our RISC-V based JH-7110 SoC performs a variety of complex video image processing and intelligent visual computing tasks, meeting the diverse real-time visual processing needs at the edge. VeriSilicon’s display processor IP offers high visual quality with low power consumption. We are committed to advancing innovation based on RISC-V technology. With companion pixel processing IP available through our IP partners, RISC-V based products can be brought to market at an accelerated pace.”

“Starfive’s JH-7110 is a leading RISC-V based intelligent vision processor equipped with advanced smart display capabilities. In the smart display domain, there exists a strong market demand for sophisticated image quality enhancement technologies,” said Wei-Jin Dai, Executive VP and GM of IP Division at VeriSilicon. “The Display Processor IP, as part of our extensive Glass-to-Glass (from camera-in to display-out) intelligent pixel processing IP portfolio, is engineered to deliver superior image quality while ensuring low power consumption. The integration of our DC8200 with JH-7110 is instrumental in driving the performance of numerous screens within the RISC-V ecosystem.”

About StarFive

Founded in 2018, StarFive is a Chinese local high-tech company with independent intellectual properties. As the leader of the RISC-V software and hardware ecosystem in China, StarFive provides world-leading products and solutions on RISC-V covering IP, SoC, development boards, etc.

StarFive has independently developed RISC-V CPU IPs and NoC IPs, of which Dubhe-90 is the max performance commercial RISC-V CPU IP in China, and StarLink-700 is the first mesh coherent interconnect fabric IP in China. Based on these core IPs, StarFive can also provide customers with RISC-V subsystem IP solutions for multi-core, big.little core, and manycore. These products can be applied in high-performance and energy-efficient scenarios, including industrial control, desktop computing, mobile, network communication, machine learning, artificial intelligence, and data centers. Meanwhile, StarFive has also delivered JH-7110 SoC, the world’s first high-performance RISC-V multimedia processor for mass-production. For more information, please visit https://www.starfivetech.com

About VeriSilicon

VeriSilicon is committed to providing customers with platform-based, all-around, one-stop custom silicon services and semiconductor IP licensing services leveraging its in-house semiconductor IP. For more information, please visit: http://www.verisilicon.com

 

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Corpay Cross-Border Appoints Oliver Morris as new Head of Institutional Fund Services, EMEA

(BUSINESS WIRE)--Corpay1 (NYSE: CPAY), a global leader in corporate payments, is pleased to announce that Corpay’s Cross-Border business has appointed private equity and fund administration industry veteran Oliver (Oli) Morris as their new Head of Institutional Fund Services, EMEA. In this newly created role, Oli will be accountable for collaborating with the executive and regional team members to develop and implement a comprehensive go to market strategy, along with establishing the operational and product roadmaps to effectively service and grow Corpay’s business within the institutional fund services segment across the EMEA region.

With over 18 years’ experience, Oli is a dynamic, well-regarded and experienced leader within the private equity and fund administration sectors across EMEA. Oli joins Corpay from TDR Capital, an upper mid-market Private Equity firm with over €15B in total fund assets under management, where he held the role as Head of Fund Operations. Prior to this, he was the Global Head of Private Equity at Sanne, a premier global fund administrator which was acquired by the Apex Group in 2022.

“I am thrilled to have a professional of Oli’s calibre joining us in this key role. His wealth of leadership experience across both the private equity and fund administration industries is perfectly aligned with Corpay’s needs as we build out this exciting new business across the UK and European markets,” said Andrew Shortreid, SVP Global Institutional Sales, Corpay Cross-Border. “With global fundraising by alternative strategies continuing to exceed US$1 trillion per year, and traditional financial institutions facing numerous constraints to serving this market effectively, we see a tremendous opportunity to expand Corpay’s institutional offering into the broad area of fund services. With Oli heading up this business line for us, I am confident that Corpay will attract some of the top talent and customers from across the region.”

“I am very excited to be joining the Corpay team at this major milestone to continue the expansion into the institutional and funds sector,” said Oliver Morris, Head of Institutional Fund Services, EMEA, Corpay Cross-Border. “Whilst the market continues to deal with the changing global landscape of financial institutions, Corpay is committed to building new and innovative solutions to enable effective and efficient global capital flows in partnership with asset managers and their service providers.”

About Corpay

Corpay (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less.

Global businesses and institutions trust our Corpay Cross-Border solutions to power their international payments, execute plans to manage their currency risk and support their growth around the world. We aim to deliver unmatched service and expertise with respect to moving money globally.

Corpay – Payments made easy. To learn more visit www.corpay.com.

1“Corpay” in this document primarily refers to the Cross-Border Division of Corpay https://www.corpay.com/cross-border; a full listing of the companies that are part of the Corpay brand is available here: https://www.corpay.com/compliance.

 

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Corpay Contact:
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+1 (647) 627-6635
brad.loder@corpay.com

 

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HCLSoftware and Atlas Cloud Services Team Up to Streamline Digital Transitions for Businesses in Morocco

NEW DELHI - Wednesday, 27. March 2024

 

(BUSINESS WIRE)--In a bid to transform business communication, HCLSoftware, the software business of HCLTech and Atlas Cloud Services - a branch of UM6P - Mohammed VI Polytechnic University, Morocco, have joined forces in a partnership aimed at supporting businesses’ digital transitions in Morocco. Rajiv Shesh, Chief Revenue Officer of HCLSoftware, Ryad Mezzour, Minister of Industry and Trade, Hicham El Habti, President of UM6P - Mohammed VI Polytechnic University, and Reda Loudiyi, Director General of Atlas Cloud Services were present to witness the signing of the partnership agreement.

The partnership places a strong focus on digital and software sovereignty within Morocco. This partnership will ensure access to state-of-the-art cloud services that encompass collaboration, productivity, availability, security and infrastructure. With growing concerns surrounding data privacy and protection, businesses can rest assured that their sensitive information will always be safeguarded with HCLSoftware.

Additionally, the solution is designed to meet the specific requirements of businesses, offering a comprehensive range of features such as robust professional messaging, secure instant communication, efficient video conferencing and flexible data storage that can be accessed from any location. The partnership between the two companies is essential for ushering in a new era of digital and software sovereignty in Morocco. The partnership also aims to enhance technological capabilities by localizing data within Morocco.

HCLSoftware’s footprint in Africa

The collaboration between HCLSoftware and Atlas Cloud Services reflects our enthusiasm shown during our participation in the World Economic Forum (WEF) 2024, where we engaged in conversations about emerging technology trends and our commitment to facilitating digital transformation in Africa.

Rajiv Shesh, Chief Revenue Officer, HCLSoftware, led a panel discussion highlighting significant opportunities for technological advancement in Africa. The theme of this discussion revolved around driving an inclusive Digital+ economy in Africa. The panel included HCLSoftware’s Kalyan Kumar, Chief Product Officer; Dario Debarbieri, Chief Marketing Officer; and Chancard Kanga, Africa Territory Manager. All panelists shared a unified objective: to generate revenue opportunities for businesses and empower the people of Africa through a five-year plan that encompasses sectors such as education and agriculture by leveraging our digital and AI capabilities.

Bridging the digital gap through local talent

The collaboration between HCLSoftware and Atlas Cloud Services further aims to harness talent from Mohammed VI Polytechnic University for future inclusion within the company. This represents our commitment to fostering local talent through extensive training and support for HCLSoftware’s solutions. This will empower professionals in Morocco to navigate and utilize the implemented platforms effectively.

Rajiv Shesh, Chief Revenue Officer, HCLSoftware, expressed his excitement about the partnership’s potential in engaging with students and fostering an entrepreneurial mindset. “This is just a start, and we hope to continue building on this great partnership,” he said.

Atlas Cloud Services, a subsidiary of UM6P, responsible for overseeing the data centers in Morocco, strives to accelerate the digital transformation of the national and regional ecosystem, all while ensuring digital sovereignty of Moroccan businesses. This partnership is another significant achievement for HCLSoftware as it paves the path towards a more secure digital future in Africa.

About HCLSoftware

HCLSoftware, the software division of HCLTech, fuels the Digital+ economy by developing, marketing, selling and supporting solutions in four key areas: digital transformation; data and analytics; AI and intelligent automation and enterprise security. HCLSoftware drives customer success through relentless product innovation for more than 20,000 organizations, including a majority of the Fortune 100 and almost half of the Fortune 500.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240327750776/en/


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Contacts
HCL Digital Team
swdigitalmarketing@hcl-software.com

 

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A Momentous 2023, Headlined by a 19% increase of ARR, Positions Percona for Even Greater Success in the Year Ahead

Honors, Innovations, and Strategic Partnerships: Percona's Multi-Faceted Achievements Generate Significant Momentum for the Open Source Database Leader

(BUSINESS WIRE) -- Percona, a leader in enterprise-grade, open source database software, support, and services, has entered 2024 fresh off a year marked by sustained customer growth, multiple prestigious award wins, and innovative product enhancements. The company's impressive 2023 has further solidified its standing as a go-to provider of open source database solutions and support services.

Having predicted the database market to clear $100 billion in 2023, Gartner forecasts the market to grow at a compound annual growth rate (CAGR) of 16.8% through 2027 and reach $203.6 billion. This underscores sustained demand for sophisticated database management expertise to ensure optimal performance, security, and reliability. Uniquely qualified to address these needs, Percona has capitalized on the expanding opportunity, realizing a 19% increase in Annual Recurring Revenue (ARR).

Customer-Led Growth

Fueled by ongoing innovation and an unwavering commitment to customer success, Percona has continued to broaden its customer base — with both new customer acquisitions and expanded relationships with existing customers contributing to its fully organic growth.

One notable example, EveryMatrix, a prominent iGaming software provider, has benefited from Percona's managed services expertise, optimizing their database management for MySQL, MariaDB, and PostgreSQL. This collaboration has resulted in enhanced database performance, resilience, and security, empowering EveryMatrix to focus on innovation and customer satisfaction within the highly competitive online gaming industry.

Similarly, PagerDuty relies on Percona's support for MySQL, ensuring reliable and high-performance database instances critical to PagerDuty's operations. Percona's proactive assistance, including end-of-life support for MySQL 5.7 and migration planning, underscores its commitment to delivering exceptional support and expertise to its clientele.

2023 also saw some of the world’s most recognizable brands signing on with Percona or expanding the scope of their engagement. Percona began supporting companies such as Netflix and the United States Geological Survey. The company expanded its scope further by partnering with Merchant Warrior, Otto Office, and Kontron, among others.

Awards and Recognition

Percona’s track record as a leader in the open source database community yielded several prestigious awards and acknowledgments in 2023.

Most recently, the company secured the title of "Best DevOps for DataOps/Database Solution" at the Devops Dozen awards, illustrating its commitment to delivering cutting-edge solutions tailored to modern DevOps practices. Additionally, Percona's innovative products have been featured among the trend-setting products in data and information management for 2024 by DBTA (Database Trends and Applications), further validating its position as an industry trailblazer.

Moreover, Percona thought leaders like CEO Ann Schlemmer and Technology Evangelist Dave Stokes have garnered attention in publications such as Forbes, Computer Weekly, InfoWorld, The New Stack, The Register, and more. In these thought pieces Percona’s leaders have spearheaded discussions on data and open source, shaping the discourse around emerging trends and best practices.

Innovations and Enhancements

Percona continued to push the boundaries of database innovation with the recent Beta release of Percona Everest, an open source cloud-native database platform. Percona Everest is the first open source solution that combines multi-cloud and multi-database capabilities in one platform. With an intuitive user interface (UI) and command-line interface (CLI), Percona Everest offers advanced database provisioning and management features at no cost while providing control over infrastructure expenses, eliminating vendor lock-in.

Percona Everest allows users to enjoy flexible features such as provisioning, scalability, performance optimization, and high availability with full automation. By integrating with Kubernetes Operators, Percona Everest empowers users to run databases anywhere, liberating them from the constraints of public cloud platforms.

In addition to the Beta release of Percona Everest, Percona introduced numerous enhancements and updates to its product lineup over the course of 2023, including:

A complete post-EOL support program for MySQL 5.7, which allows participating customers to continue to operate on a fully supported Percona Server for MySQL 5.7 until upgrading to later major versions becomes more convenient. Within this program, Percona continues to release the CVE-patched versions of MySQL 5.7 to participating customers.

Percona Monitoring and Management (PMM) introduced MongoDB backup monitoring capabilities, which provide users with a streamlined backup and restore process and improved inventory management.

Primed for Growth

Looking ahead, Percona is poised for continued expansion. The company remains steadfast in its mission to make enterprise databases run better through a unique blend of expertise and open source software.

"As we reflect on our recent achievements and the strides we've made in 2023, it's clear that all the attributes customers value in a vendor – dedication to innovation, customer-centric solutions, and fostering meaningful relationships – are moving Percona in the right direction," said Ann Schlemmer, CEO of Percona. "We are proud of each milestone we’ve reached and the incredible team that has gotten us here, and we look forward to continuing our commitment to driving progress."

Percona will reaffirm its leadership within the open source database community by participating in key industry events throughout 2024, including KubeCon North America and Open Source Summit North America. At these events, and many others, Percona will continue to expand its impact on the open source database community.

Learn more about how databases perform better with Percona.

About Percona:

Percona is a world-class open source database software, support, and services company. The organization is dedicated to helping businesses ensure their databases — and the applications that depend on them — are secure, compliant, performant, and highly available.

Through a unique combination of database expertise and enterprise-grade open source software, Percona empowers organizations with the freedom to choose, the freedom to create, and the freedom to innovate with speed as they grow. For more information, visit www.percona.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240327240035/en/


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Contacts
Jacob Manchester
Senior Account Executive, PR
Scratch Marketing + Media
Percona@scratchmm.com

 

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Quectel Unveils a Series of New High Performing 5G, GNSS and 5-in-1 Combo Antennas

(BUSINESS WIRE)--Quectel Wireless Solutions, a global IoT solutions provider, has made further additions to its comprehensive range of antennas for IoT devices and deployments. The latest launches include the YEMN016AA and YEMN017AA 5G 5-in-1 combination antennas, the YECN001J1A and YECT000WBA external 5G antennas and the YEGB000Q1A and YEGN000Q1A active GNSS L1 and L5 antennas.

“We are thrilled to expand our product line with antennas that offer superior performance and meet the unique needs of our IoT customers,” said Norbert Muhrer, President and CSO, Quectel Wireless Solutions. “Quectel consistently enhances its diverse portfolio to precisely address the unique requirements of our clients' deployments and applications, offering unparalleled performance and adaptability, and these antennas add to that portfolio.”

The YEMN016AA is a 5G and global navigation satellite systems (GNSS) 5-in-1 antenna measuring 204.4mm x 86.7mm x 32mm. This ultra-wide-band 5G/4G antenna provides broad coverage from 600–6,000MHz whilst offering backward-compatibility to support 3G and 2G networks as well as LTE Cat-M and narrowband IoT (NB-IoT). The antenna is available with connection via five cable lengths from 300–5,000 mm, terminated with SMA connectors. This low profile, screw mount omnidirectional antenna, ideal for applications where the antenna is required to be discrete, is easy to install with maximum durability assured thanks to its IP69K PC KIBILAC® ASA enclosure. It is compatible with Quectel's RM520x Series modules.

The Quectel YEMN017AA is a 5G screw mount 5-in-1 antenna puck optimized for 5G and 4G networks. With a diameter of 103.5mm and height of 42.5mm, the antenna can integrate a variety of antennas, such as 5G, 4G, GNSS and Wi-Fi antennas. Available with multiple mounting options including screw, pole, wall, magnetic, adhesive and others, the antenna box supports multiple connector types and cable lengths and is designed to offer a more flexible and reliable high-performance antenna for outdoor applications.

Quectel has also added the YECN001J1A and YECT000WBA external 5G antennas to its portfolio. Both antennas cover the 5G NR Sub-6 GHz frequency bands and are compatible with 4G, 3G, 2G and LPWA bands. Featuring high efficiency and gain, both offer an ideal omni-directional antenna solution to ensure high-speed data transmission. Ideal for a diversity of wireless communication devices such as routers, outdoor equipment and real-time monitoring equipment, the antennas feature a diameter of 40.6mm and height of 104mm. The antennas are both RoHS and REACH compliant and Quectel offers flexible installation with custom cable length and connector options.

For users prioritizing GNSS, Quectel has introduced the YEGB000Q1A and YEGN000Q1A active GNSS L1 and L5 antennas. Operating in the 1164-1189MHz and 1559-1606MHz frequency bands these antennas measure 62mm x 56mm x 23mm. The antennas support different installation or connection methods such as screw mount, adhesive mount, magnetic mount, internal cable, and external SMA. Customized connector types and cable lengths are provided according to requirements.

In common with all Quectel antennas, Quectel provides comprehensive antenna design support such as simulation, testing and manufacturing for custom antenna solutions to meet customers’ specific application needs. In addition, Quectel antennas can be pre-integrated with Quectel’s vast range of modules.

 

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global IoT solutions provider backed by outstanding support and services. Our growing global team of 5,900 professionals sets the pace for innovation in cellular, GNSS, Wi-Fi and Bluetooth modules as well as antennas and services.

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.

 

For more information, please visit: www.quectel.com, LinkedIn, Facebook, and X.

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240327795741/en/

 

 

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Media contact: media@quectel.com

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GCC Exchange Now in Deira City Centre Mall & Matajer Al Khan

 


 Both branches will offer customers multiple financial services like money transfer, currency exchange, payroll solutions, and more.

 

 

 

GCC Exchange, the leading foreign exchange and remittance company in the UAE, announced the inauguration of their new branches in Deira City Centre on 22nd March and Matajer Al Khan, Sharjah on 25th March 2024. The company strides strongly in its expansion plan as it opens its 17th and 18th branches in the UAE.
 

In recent years, GCC Exchange has marked a strong presence among expats and foreign travelers with its branch network, mobile app, and exceptional customer service. They are bringing all these facilities to a wider audience through their new branches in Deira City Centre and Matajer Al Khan. It marks another milestone for the company as it continues to provide customers with convenient and accessible remittance, foreign exchange, and WPS services.
 

Mr. Rajesh Himmatlal, Managing Director at GCC Exchange, said, “Financial inclusion and innovative product development help us remain a powerful market leader in the UAE’s financial industry. Our operations and business development teams have succeeded in identifying and exploring untapped opportunities in the market. Our strategy focuses on bringing convenient and user-friendly service to the customers. Our trained staff will also make sure that our customers have the best experience at our new branches. We celebrate this milestone and thank all customers who took us so far.”
 

Mr. Yash Rajesh, General Manager at GCC Exchange, shared, “We welcome all customers to our new branches. As a team, our measures surrounding expansion are rooted in financial accessibility. With the new branches, we reinstate our efforts in providing convenient services to our customers. Both these locations buzz with foreign travelers and expats alike and therefore we saw the opportunity to introduce our brand to them to fulfill their remittance and forex needs.”

 

The contact details of our branches are as follows:
 

Deira City Centre Branch

First Floor, Near Carrefour

Deira, Dubai, UAE

Phone: 971-4-48827129

 

Matajer Al Khan Branch

Shop No. 4, Ground Floor, Matajer Building,

Al Khan Street, Al Majaz, Sharjah, UAE

Phone: +971-6-7476982

 

For more information, visit https://www.gccexchange.com.

 

Follow the link https://gccexchange.com/appdownload to download the GCC Exchange Mobile App from Google Play or App Store.

   

Contacts

Mr. Alex Fernandes – Head Digital Development & Communications

Email: alex.fernandes@gccexchange.com

 
 

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3X Upgrade! Meet with VOOPOO's New Super Pods ARGUS P2&G2

(BUSINESS WIRE)--VOOPOO, a leading innovator in the vaping industry, is delighted to introduce two new additions to its esteemed ARGUS Pod series - ARGUS P2 and ARGUS G2. The two new super pods come with a 3X upgrade, fully upgrading the user's vaping experience.

ARGUS P2 and ARGUS G2 are the second generation of VOOPOO's flagship pods, ARGUS P1 and ARGUS G. Compared with the predecessors, the new two products feature higher power and larger screens. And new cartridge upgrades the large capacity from 2 ml to 3 ml, achieves lower new 0.4Ω coil resistance, and upgrades side-filling to a convenient top-filling. These two products come with upgraded quality without price increase. Not only that, they also carry a leading "3X Upgrade" performance.

The “3X upgrade” means that the new ARGUS top fill cartridge achieves comprehensive upgrades in three aspects: leakage, longevity and flavor. It aims to break the vaping pain points and bring users a worry-free vaping experience:

5 Times Upgraded Lifespan: The coil lifespan of the new cartridges can last up to 90 mL e-liquid usage without burning from VOOPOO lab test. The material of the coil is upgraded with thermo-stable cotton to increase its lifespan. In addition, the structure of the heating wire has been optimized to achieve multiple refills of e-liquid without burning. The upgraded material and structure helps its 5 times better leak proof performance than other cartridge in the market.

3 Times Upgraded Leakproof: VOOPOO lab test shows that ARGUS top fill cartridge can remain non-leakage in a standstill state for up to 30 days. The new cartridge has improved the multiple air inlet design and increased the e-liquid locking capacity at the bottom of the cartridge from 0.1mL to 0.3mL. These features improve the anti-leakage performance significantly and reach 3 times longer lifespan than other cartridge in the market.

Upgraded Flavor: The newly launched VOOPOO ARGUS top fill cartridge is constructed to deliver longer-lasting flavor and richer clouds. It supports the coil resistance as low as 0.4 Ω, which is lower than most cartridges, delivering superior vape flavor. Plus, it is also available in 0.7 Ω resistance to meet the needs of users from MTL to RDL. Moreover, it is equipped with the leading iCOSM Code to ensure the taste.

3X upgraded cartridge also enjoys compatibility. This upgraded cartridge is now compatible with all ARGUS Pod family devices, bringing the convenience and fun of compatibility.

It’s time to upgrade your pod! Meet VOOPOO's new super pods ARGUS P2 & G2 with 3X upgrade. From the first instant ignition technology to the new pod mod category, VOOPOO keeps taking steps toward its mission of upgrading. Now VOOPOO is embarking on a third revolution- the popularisation of Pods. It means launching new pods that maintain the high performance of pods but integrate the portability and affordability of disposable to provide a new vaping option to users.

Stay tuned for more about VOOPOO! For more information, please check VOOPOO's official website: https://www.voopoo.com/

WARNING: This product contains nicotine which is a highly addictive substance.

 

 

 

Contacts

Company: Shenzhen Woody Vapes Technology Co., Ltd
Contact Person: Freya
Email: freya@voopootech.com
Website: https://www.voopoo.com/

 

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Pottery Barn Launches New Home Furnishings Collaboration with Deepika Padukone

 

Collection Designed in Partnership with Internationally Acclaimed Actor and Style Icon Deepika Padukone is Now Available Exclusively at Pottery Barn Globally

(BUSINESS WIRE) -- Pottery Barn, a portfolio brand of Williams-Sonoma, Inc. (NYSE: WSM), the world’s largest digital-first, design-led and sustainable home retailer, announced today the launch of a new product collaboration with globally acclaimed actor and style icon, Deepika Padukone.

Named as one of the 100 Most Influential People by TIME Magazine, and an internationally acclaimed actor and fashion icon, Deepika Padukone brings her worldly and sophisticated eye for design to her debut home furnishings collection with Pottery Barn. Richly influenced by Indian motifs, Padukone and Pottery Barn came together to create a collection of entertaining and serveware pieces, textiles and decorative accessories inspired by Padukone’s love of vintage designs that she has collected for her own home.

The U.S. assortment includes bedding, embroidered pillows, decorative accessories, and hand knotted rugs. The textile designs feature an elevated take on traditional Indian patterns and the color palette consists of soothing neutrals and luxe natural tones. A collection for entertaining including dinnerware and serveware, with textured, floral sculpted details and an earthy aesthetic, will be available exclusively in India, the Middle East, and the Philippines.

“I am so proud of my collection with Pottery Barn designed for decorating and entertaining at home,” said design enthusiast and acclaimed actor, Deepika Padukone. “My home has always been a calm refuge and is a space to express myself, create, and entertain. We created a collection that encapsulates this through soft textures, a neutral palette, and intricate details.”

Pottery Barn President, Monica Bhargava, shared, “We’re thrilled to launch the Deepika Padukone for Pottery Barn collection internationally. The new collection artfully blends Pottery Barn’s world-renowned quality with Deepika’s iconic style, bringing unique designs to the home for creating a beautiful and inviting space.”

“Pottery Barn’s design aesthetic and Deepika’s flair for conceptualizing home spaces makes this collaboration a natural fit. No surprise that the outcome, the Pottery Barn x Deepika Padukone collection is so refreshingly different and effortlessly blends the innate styles of these two iconic brands,” shares Darshan Mehta, President & CEO Reliance Brands Limited. Reliance Brands Limited, a subsidiary of Reliance Industries Limited, is a Williams-Sonoma, Inc. franchisee in India.

The Deepika Padukone for Pottery Barn collection is available starting March 22nd, online at potterybarn.com, potterybarn.in, and in 18 global stores.

About Pottery Barn

Pottery Barn, a member of the Williams-Sonoma, Inc. (NYSE: WSM) portfolio of brands, is a premier specialty retailer for casual, comfortable and stylish home furnishings. The brand is dedicated to beautiful ideas for real life, quality products that are crafted to last, sustainability and service. Key product categories include furniture, bedding, bath, rugs, window treatments, tabletop, lighting and decorative accessories. Nearly all Pottery Barn products are designed in-house and are exclusive to its catalogs, stores and website. Pottery Barn is also part of The Key Rewards, a free-to-join loyalty program that offers members exclusive benefits across the Williams-Sonoma, Inc. family of brands, the world’s largest digital-first, design-led and sustainable home retailer. The company is headquartered in San Francisco, California.

WSM-PR

 

 

 

Contacts

US:
PR@potterybarn.com

India:
Akriti Mishra
akriti1.mishra@ril.com

 

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Leading CDMO PCI Pharma Services Releases Inaugural Comprehensive ESG Report

 


 Highlights include environmental goals based on climate science, workforce empowerment, focus on local partnerships, and supply chain resiliency.

 

(BUSINESS WIRE) -- PCI Pharma Services, (“PCI”) a leading global contract development and manufacturing organization (CDMO), has released its first Environmental, Social & Governance (ESG) Report. A detailed overview of PCI’s multifaceted sustainability journey, the report showcases the strides taken from the program’s formal inception in 2021 through its 2023 fiscal year, and lays out ambitious goals for continued progress along multiple fronts.

The in-depth report discloses PCI's performance, targets, and strategy to achieve nine identified impact categories, from sustainability-focused practices concerning carbon footprint, responsible waste management and eco-conscious procurement to people-first issues such as health and safety, community impact and DEI. Given its position as a world-class CDMO whose global customers and vendors number well into the thousands, PCI’s ESG initiatives are intended to purposefully impact the many local and global communities it interacts with, cares for and serves.

True to this mindset, PCI Pharma’s ESG program is inherently inclusive and bottom-up. The report includes PCI’s approach to a Double Materiality Assessment, which gathers input from hundreds of employees as well as external stakeholders including customers, supplier partners, investors and community organizations. The purpose of this assessment is to identify those ESG elements important to and emphasized by all stakeholders and, from there, to focus on meaningful and measurable progress against those critical factors.

Encouragingly, the Double Materiality Assessment indicated that the majority of PCI’s ESG impact categories are in alignment with its stakeholders’ priorities. Even so, the assessment results were insightful and were taken into account to ensure long-term alignment between stakeholder priorities and PCI’s ESG strategy.

Other highlights from PCI’s ESG report include:

  • Emission reduction targets. By 2030, PCI aims to

    • Reduce Scope 1 and 2 Greenhouse Gas emissions by 40%

    • Cut its energy intensity by 50%

    • Purchase 100% of its energy from renewable sources

Carbon footprint targets and strategy were developed in alignment to Science Based Targets. By 2045, PCI aims to achieve a Net-Zero carbon footprint across its entire supply chain.

  • Water conservation. By 2030, PCI plans to reduce its global water consumption by 50% per cubic meter, and while the pharma sector’s cleanliness and sterility needs are inherently water-intensive, PCI remains committed to this ambitious goal.

  • Waste management. By 2030, PCI targets non-hazardous waste intensity reduction by 33%, reduction of waste sent to landfills by 90%, and has plans in place to reach 100% recycling of recyclable waste. 

* All environmental targets were calculated against a 2020 baseline.

  • Community Impact. PCI has established a formal giving-back strategy focused on year-over-year increases in employee participation and measurable community impact for each of its global sites and corporate functions. Activities on this front include identifying the greatest needs of local communities and partnering with relevant organizations; communicating volunteer opportunities and encouraging employees to create interest groups; and a novel program called the ESG Day Initiative, in which employees can log up to eight hours per year of company-sponsored volunteer activities across various categories.

  • Organization-wide DEI. PCI remains dedicated to enhancing our inclusion and diversity measurements, with a particular focus on pay equity and balanced gender and ethnic representation throughout the organization, extending to levels of executive and board leadership. The company’s DEI efforts extend beyond operations and into the supply chain; with the Supplier Diversity Program, PCI is increasing support for businesses owned by women, minorities and vulnerable groups in the supply chain.

A healthcare service company at its core, PCI sees its approach to ESG as showcasing how the wellbeing of the planet and its people are intimately interconnected.

“Although we at PCI formally established our ESG Program in 2021, our ESG consciousness is by no means new,” said Salim Haffar, CEO of PCI Pharma Services. “As a responsible business, we have been evolving daily to align our commitments, culture, and performance with the wellbeing of humans, the planet and the communities we serve. As a team, we are learning and adapting to industry best practices, sharing lessons learned along the way, and building a strong foundation for a resilient future.”

About PCI Pharma Services

PCI is a leading global CDMO, providing clients with integrated end-to-end drug development, manufacturing and packaging capabilities that increase their products’ speed to market and opportunities for commercial success. PCI brings the proven experience that comes with more than 90 successful product launches each year and over five decades in the healthcare services business. The company currently has 30 sites across seven countries (Australia, Canada, U.S., Ireland, Wales, Germany and Spain), and over 6,000 employees working to bring life-changing therapies to patients.

Leading technology and continued investment enable PCI Pharma Services to address global drug development needs throughout the entire product life cycle – from manufacturing capabilities through the clinical trial supply chain and commercialization. Its clients utilize PCI as an extension of their business, and a collaborative partner with the shared goal of improving patients’ lives. For more information, visit pci.com

 

 

 

Contacts

Christopher Dale
Turchette Agency
(973) 227-8080, ext. 116
cdale@turchette.com

 

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Takeda Announces Candidates for Board of Directors at Upcoming Shareholders Meeting

OSAKA, Japan & CAMBRIDGE, Mass. - Wednesday, 27. March 2024

(BUSINESS WIRE)--Takeda (TOKYO:4502/NYSE:TAK) today announced that its Board of Directors decided on March 26, 2024 (CET) to propose candidates for Board of Directors at the 148th Ordinary General Meeting of Shareholders to be held on June 26, 2024.

Mr. Milano Furuta, currently president of the Japan Pharma Business Unit (JPBU), will succeed Mr. Constantine Saroukos as chief financial officer (CFO) effective April 1, 2024. Takeda will propose Mr. Furuta as a new candidate for board director at the Ordinary General Meeting of Shareholders. If approved by shareholders, Mr. Furuta will join the Board effective June 26, 2024.

Mr. Constantine Saroukos, who expressed his intention to retire as CFO, will leave the Board on June 26, 2024 upon the expiration of his term.


Note:

    The role of the directors will be determined at the Board of Directors meeting and the Audit and Supervisory Committee meeting to be held after the 148th Ordinary General Meeting of Shareholders.
    The members of the Nomination Committee and Compensation Committee will be discussed and determined at the Board of Directors meeting to be held after the 148th Ordinary General Meeting of Shareholders.
    Ms. Asuka Miyabashira, currently head of the Neuroscience Business Unit within JPBU, will assume the role of president of JPBU, effective April 1, 2024.

About Takeda
Takeda is focused on creating better health for people and a brighter future for the world. We aim to discover and deliver life-transforming treatments in our core therapeutic and business areas, including gastrointestinal and inflammation, rare diseases, plasma-derived therapies, oncology, neuroscience and vaccines. Together with our partners, we aim to improve the patient experience and advance a new frontier of treatment options through our dynamic and diverse pipeline. As a leading values-based, R&D-driven biopharmaceutical company headquartered in Japan, we are guided by our commitment to patients, our people and the planet. Our employees in approximately 80 countries and regions are driven by our purpose and are grounded in the values that have defined us for more than two centuries. For more information, visit 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.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240321811422/en/

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Contacts
 

Media Contacts:
Global Media
Brendan Jennings
brendan.jennings@takeda.com
+81 80-2705-8259

 

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