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Lenovo Announces LISSA: New AI-powered Capability That Helps Businesses Reduce IT Footprint

 

 

  • Lenovo uplevels position as customers’ trusted sustainability partner with measurable outcomes, AI-powered data
  • GenAI helps address the complexity of pursuing sustainability goals by estimating emissions impact across the IT lifecycle

 

 

(BUSINESS WIRE) -- A new Lenovo AI-powered sustainability engine empowers businesses to help make more data-driven and sustainable IT buying decisions. Lenovo’s Intelligent Sustainability Solutions Advisor (LISSA) gives customers actionable sustainability insights to understand their estimated emissions impact across their IT lifecycle and deploy customized solutions that align with their sustainability goals. Through Generative AI, LISSA offers visibility into the estimated carbon emissions associated with various Lenovo sustainabilty solutions such as TruScale Device as a Service (DaaS), Asset Recovery, packaging efficiencies, lower-carbon shipping options, lifecycle extensions, certified refurbishment, and more. Additionally, LISSA helps to simulate multiple solution pathways and identify potential emissions reduction opportunities to support the customer’s IT decarbonization goals in the digital workplace.

 

In a recent survey1, 87% of executives indicated they believe AI enables the potential to address climate issues, unlocks insights that could help mitigate global greenhouse gas (GHG) emissions, and opens new pathways for climate action. With faster access to IT sustainability insights and Gen-AI powered recommendations, Lenovo can help businesses develop IT decarbonization pathways with measurable sustainability outcomes.

 

“At Lenovo, we’re keen to underscore that sustainability is a business imperative and top of mind among leaders across all industries,” said Claudia Contreras, Executive Director of Global Sustainability Services for Lenovo. “A new capability in our growing sustainability portfolio, LISSA arms customers with data and AI-powered recommendations to guide their IT purchasing decisions. By bringing sustainability attributes front and center, we enable customers to unlock potential emission reduction opportunities and deploy IT solutions that help drive sustainability goals.”

 

Lenovo is committed to achieving net-zero GHG emissions by 2050, with science-based targets validated through the Science Based Targets initiative (SBTi) Net-Zero Standard. Through LISSA, Lenovo is also working to empower customers to make more sustainable IT choices backed by data and help drive measurable outcomes.

 

“There is no one defined path; each customer is on their unique sustainability journey and needs access to data to measure progress. Lenovo aims to help customers make real progress with data-led sustainability insights. AI-enabled recommendations and data intelligence will help plan and optimize IT investments with sustainability in mind. Lenovo can help organizations of any size compare multiple IT solutions in real-time, design an end-to-end IT solution that fits budget, computing, and help support sustainability goals,” Contreras said.

 

Lenovo can help businesses develop IT decarbonization pathways with measurable sustainability outcomes.

 

Learn more about LISSA here and Lenovo’s Sustainability Solutions here.

 

About Lenovo

 

Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992)(ADR: LNVGY). To find out more visit https://www.lenovo.com and read about the latest news via our StoryHub.

 

1 Boston Consulting Group: AI is essential for climate crisis

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240422850034/en/

 

 

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Contacts

Zeno Group for Lenovo: lenovossg@zenogroup.com

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Moody’s Teams Up with the New York Giants and New York Jets as the New Cornerstone Partner of MetLife Stadium

NEW YORK - Tuesday, 23. April 2024 AETOSWire  


(BUSINESS WIRE) -- Moody’s Corporation, the world’s leading source of bold, clear and perceptive insights on exponential risk, announced today that it has been named an Official Cornerstone Partner of MetLife Stadium, home of the New York Jets and New York Giants.

As part of the multi-year partnership, Moody’s branding will be a mainstay at MetLife Stadium events, extending throughout the stadium with in-bowl signage and digital displays. Guests will first be greeted at the Moody’s Gate (pictured above) and then pass through an activation area on the plaza. Moody’s is also the naming rights partner of the Moody’s Commissioners Club, a spectacular private space in the Stadium offering guests unparalleled views and unique experiences at events.

“In trying to find organizations that align with Moody’s renewed brand of decoding complexity and finding a path forward in the face of risk or adversity, we couldn’t think of better partners than MetLife Stadium and the New York Giants and New York Jets,” said Christine Elliott, Chief Corporate Affairs Officer of Moody’s. “These institutions continually demonstrate what it takes to triumph over adversity, show us how to address complexity through teamwork and collaboration, and inspire and entertain us with each and every play. We are honored to join together with these venerable partners as the new season begins to unfold, starting this Thursday with the NFL Draft.”

“We are honored that Moody’s has chosen MetLife Stadium to showcase its new brand platform,” said Ron VanDeVeen, President and CEO of MetLife Stadium. “Having a reputable, New York-based company like Moody’s fits in perfectly with our gameday environment.”

“MetLife Stadium has been the center of entertainment since it opened in 2010,” said Hymie Elhai, President of the New York Jets. “Welcoming a new cornerstone partner like Moody’s will elevate our fan experience from the moment they enter the stadium at the Moody’s Gate and will provide an enhanced experience for our Moody’s Commissioners Club guests. We are excited to kickoff this partnership and work together on ways to reinforce our commitment to our fans.”

“Moody’s exemplifies everything we look for in a Cornerstone partner and we are thrilled to welcome them to MetLife Stadium,” said John Mara, New York Giants President and CEO. “We look forward to developing our new partnership and engaging fans across stadium events and throughout our shared hometown.”

The partnership is part of Moody’s new global branding campaign, defining Moody’s as a category of one. In a world shaped by increasingly interconnected risks, it is more difficult than ever for leaders to act with certainty. Organizations, companies, and governments need to go beyond data into context, and to go beyond context into meaning. That’s where Moody’s is in a category by itself. Through its vast data estate and unparalleled insights and analytics, Moody’s provides a compass for understanding complexity, helping customers decode risk, unlock opportunity, and inform a clear path forward in an era of exponential risk.

The financial terms of the partnership were not disclosed.

For more information, visit www.moodys.com.

About Moody’s Corporation
In a world shaped by increasingly interconnected risks, Moody’s (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of 15,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at www.moodys.com.

About MetLife Stadium
MetLife Stadium, located in East Rutherford, NJ, is the home of the New York Jets and New York Giants and is one of the largest stadiums in the NFL (82,500). The stadium hosts the world’s biggest events on the world’s biggest stage and will host the FIFA World Cup 26™ Final and 7 other matches throughout the tournament. The venue annually ranks as one of the busiest stadiums in the world and has been named “Highest Grossing Stadium of the Year” 9 times by Billboard. Event highlights include Super Bowl XLVIII, NHL Stadium Series, WrestleMania, Copa America Centenario Final, 2021 Army-Navy Game, and many concerts, college football games, and international soccer matches.

About the New York Giants
A cornerstone franchise of the National Football League, the New York Football Giants began play in 1925. The Giants have won eight championships: 1927, 1934, 1938, 1956, 1986, 1990, 2007 and 2011. After twice winning two titles in five years, the Giants are the only NFL franchise with Super Bowl victories in four consecutive decades. Headquartered at the Quest Diagnostics Training Center in East Rutherford, N.J., the Giants enter their 100th season of play this fall.

About the New York Jets
The New York Jets were founded in 1959 as the New York Titans, an original member of the American Football League (AFL). The Jets won Super Bowl III, defeating the NFL’s Baltimore Colts in 1969. In 1970, the franchise joined the National Football League in the historic AFL–NFL merger that set the foundation for today’s league. As part of a commitment to its fan base through innovation and experiences, the team has created initiatives such as, its trailblazing Jets Rewards program, a state-of-the-art mobile app, and 1JD Entertainment, a comprehensive content platform that gives fans greater access to the team across all digital and social platforms. The organization takes great pride in a long-standing, year-round commitment to their community. These programs are funded by the New York Jets Foundation and look to positively influence the lives of young men and women in the tri-state area, particularly in disadvantaged communities. The organization supports the efforts of the Lupus Research Alliance, youth football and numerous established charitable organizations and causes sponsored by the NFL. The New York Jets play in MetLife Stadium, which opened in 2010, and are headquartered at the Atlantic Health Jets Training Center in Florham Park, New Jersey. For more information about the New York Jets visit newyorkjets.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240423976836/en/


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https://www.aetoswire.com/en/news/2304202438846
Contacts
Media:
Moody’s Corporation
Chris Cashman, chris.cashman@moodys.com

MetLife Stadium
Helen Strus, hstrus@metlifestadium.com

New York Giants
Jennifer Escalante, Jennifer.Escalante@Giants.NFL.net

New York Jets
Meghan Gilmore, mgilmore@jets.nfl.com

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Embrace the 'Seoul Lifestyle' in Dubai, 2024 Seoul My Soul in Dubai to be held May 6-7

 

Seoul Metropolitan Government and Seoul Tourism Organization to hold tourism promotion event “Seoul My Soul in Dubai” from May 6th to 7th in Dubai

Popular K-pop idol groups, OH MY GIRL and KARD, will be at Dubai’s The Agenda for a K-POP concert and to take part in fan meetups and autograph signing, live audience dress rehearsals, and more

Beyond the stage activities also available such as pop-up booths offering a taste of Seoul's lifestyle, with a lucky draw for a chance to win a round-trip flight from Dubai to Seoul

1,500 free tickets to be distributed on April 22nd (MON) via the website of the event’s official ticketing platform, Platinumlist.

 

(BUSINESS WIRE)--The Seoul Metropolitan Government and the Seoul Tourism Organization are hosting a special event, ‘Seoul My Soul in Dubai’, on May 6th and 7th in Dubai to showcase the charms of Seoul. The event aims to highlight the vibrant Seoul lifestyle and its soulful essence. The organizers have prepared a diverse program featuring a K-POP concert and fan appreciation events with K-POP artists OH MY GIRL and KARD, along with K-POP cover dance performances, a brand showcase of Seoul, a lucky draw event, and much more.

 

At 16:00 on day 1, and 14:00 on day 2 the venue will open Seoul-style pop-up booths, offering visitors an immersive experience of Seoul's festival scene. From beauty and wellness to the Hallyu phenomenon, K-food, and more, the experience space will be filled with interactive content and items that reflect Seoul's unique lifestyle.

 

In the Beauty Seoul Zone, visitors can immerse themselves in the full Seoulite festivalgoer experience. They'll have the opportunity to be glammed up by K-Beauty makeup artists and personally decorate light sticks and bracelets — must-haves for any festival — to take home afterward.

 

At the Seoul Picnic Zone, a media art wall and ASMR zone will transport you through Seoul's four seasons, creating a unique sensory experience. Capture your unforgettable moment in one of the mini photo studios in the Hallyu Zone, where you can choose from multiple background options such as K-POP music video style.

 

Additionally, a Medical Zone will offer skincare consultations for those interested in beauty treatments. The K-Food Zone will showcase the latest drinks and snacks trending in Seoul, while the Brand Zone will feature newly launched 'Seoul My Soul' official Goods.

 

The main event will kick off with thrilling performances by renowned K-pop cover dance teams from the UAE, setting the stage for an electrifying dive into the dynamic world of K-pop. Following this, the Seoul City Brand Showcase will feature talented drawing artists from Seoul, offering immersive art experiences showcasing the city’s must-visit hotspots and foodie stops. Participants will also have the chance to win round-trip airline tickets from Dubai to Seoul and hotel vouchers through a lucky draw, offering them the exciting opportunity to experience Seoul firsthand.

 

The highlight of the program is the K-pop concerts, featuring the popular idol group OH MY GIRL on May 6th (Monday) and KARD on May 7th (Tuesday). These performances will be complemented by live audience dress rehearsals, meet-and-greets, and other fan-centric activities, culminating in an unforgettable event finale.

 

Tickets for this unforgettable experience are free of charge and will be available starting April 22nd (Monday) from 12:00 PM on the official ticketing platform, Platinumlist. Tickets will be distributed on a first-come, first-served basis to the first 1,500 people.

 

 

  • WHERE To Book Your Ticket: Ticketing platform ticket-booking page URL
  • WHEN To Book Your Ticket: 12PM, April 22nd (MON), 2024~
  • INQUIRIES: seoulmysoul2024@gmail.com

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240419525234/en/

 

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https://aetoswire.com/en/news/2204202438814

Contacts

SEOUL TOURISM ORGANIZATION

Jihyeon Song

seoulmysoul2024@gmail.com

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LG Brings ‘Reinventing Together’ Theme to the UAE for Two-Day Middle East and Africa Showcase Event

LG Showcase MEA 2024 returns with first-hand experiences of flagship products and the latest innovations, in an exhibition of everything from home entertainment to home appliances

Following a successful event last year, LG Electronics (LG) is returning with its unique customer-focused showcase where over 500 guests will witness the brand’s latest innovations set to be rolled out across the region. The two-day event, being held at Conrad Hotel in Abu Dhabi, reaffirms the company’s ‘Life’s Good’ philosophy by bringing ground-breaking products that enhance customer experience to the market.

 

The large-scale exhibition – which will also be home to a special zone where LG’s products will be displayed in their ideal use-case scenarios – will revolve around the theme of ‘Reinventing Together’, expressing the brand’s commitment and passion toward its customers and their requirements.

 

One of the most exciting products on show will be the LG WashTower™ compact laundry solution which keeps space-efficiency in mind combining both a washer and dryer with an all-in-one control panel. The WashTower™ uses advanced laundry technologies such as Artificial Intelligence Direct Drive™ (AI DD™) to identify the most suitable washing pattern for each load, and LG’s Smart Pairing™ feature which saves time and hassle by syncing the dryer with the washer, automatically selecting the best drying cycle based on washer load settings, making it an excellent all-around performer.

 

Another highlight at the event is sure to be the world’s smallest portable 4K projector, the groundbreaking CineBeam Q, which will go on sale in the region next month. Whether for a movie night on a living room wall or pointed above for a celestial sky scape shown on a ceiling, CineBeam Q redefines the portable home cinema, offering unparalleled picture quality, ease of use, and versatility.

 

Further innovative products on show include LG’s 76-liter InstaView oven with Steam and Sous-Vide, which is helping to revolutionize the cooking experience, and the incredible MAGNIT 118” Micro LED Screen – a 4K resolution display boasting an a9 Gen6 AI processor.

 

For 2024, the LG Showcase MEA will also include a hero zone with the newest high-end premium products – such as the flagship 97” LG SIGNATURE WIRELESS OLED M – and a dedicated zone for audiovisual products as well as IT and cinema solutions. In addition, the event will feature an area for home appliances, including washing machines, ARTCOOL and DualCool air conditioning solutions, as well as the brand’s built-in solutions such as LG MoodUP™ refrigerators.

 

In addition, guests will experience LG Electronics’ new emerging products range featuring dishwashers, dryers, audio systems, gaming monitors, PCs, vacuum cleaners, stylers, and more.

 

To learn more about all the LG products available across the Middle East, visit https://www.lg.com/ae.

 

About LG Electronics, Inc.

 

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 74,000. LG's four companies - Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions - combined for global revenue of over KRW 84 trillion in 2023. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com  for the latest news.

 

 

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https://aetoswire.com/en/news/2304202438841

Contacts

LG-One      

Nora Nassar

Email: Nora.Nassar@lg-one.com  

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EIG’s MidOcean Energy Completes Acquisition of 20 Percent Stake in Peru LNG

(BUSINESS WIRE)--MidOcean Energy (“MidOcean” or the “Company”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to acquire SK earthon’s (“SK”) 20 percent interest in Peru LNG (“PLNG”), owner and operator of the first LNG export facility in South America.

PLNG’s assets comprise a natural gas liquefaction plant with 4.45 mmtpa processing capacity, a fully-owned 408km-long pipeline with 1,290 mmcf/d capacity, two 130,000 m3 storage tanks, a fully-owned 1.4 km-long marine terminal and a truck loading facility with capacity of up to 19.2 mmcf/d. PLNG, operated by Hunt Oil Company, is one of only two LNG production facilities in Latin America, located in Pampa Melchorita, 170km south of Lima.

De la Rey Venter, MidOcean Energy’s CEO, said, “The completion of this investment is an important milestone in our efforts to create a global, diversified and resilient portfolio of LNG assets. As the only LNG export facility in South America, PLNG is uniquely positioned in the global marketplace. PLNG also plays an important role in providing gas and LNG to customers in Peru. We look forward to a strong partnership with the PLNG co-venturers and our work towards sustaining PLNG’s positive impact for many years to come.”

The completion of this transaction follows MidOcean’s recent announcement of a strategic investment by Mitsubishi Corporation and the completion of its acquisition of Tokyo Gas Co. Ltd.’s interests in a portfolio of Australian integrated LNG projects.

Morgan Stanley acted as exclusive financial advisor to MidOcean on the transaction. Latham & Watkins acted as legal advisor to MidOcean on the transaction.

About EIG

EIG is a leading institutional investor in the global energy and infrastructure sectors with $22.9 billion under management as of December 31, 2023. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 41-year history, EIG has committed over $47.1 billion to the energy sector through over 405 projects or companies in 42 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.

About MidOcean Energy

MidOcean Energy, an LNG company formed and managed by EIG, seeks to build a diversified, resilient, cost and carbon competitive global LNG portfolio. It reflects EIG’s belief in LNG as a critical enabler of the energy transition and the growing importance of LNG as a geopolitically strategic energy resource. MidOcean Energy is headed by De la Rey Venter, a 26-year industry veteran who has held a variety of senior executive roles, including Global Head of LNG for Shell Plc.

For additional information, please visit EIG’s website at www.eigpartners.com or MidOcean Energy’s website at www.midoceanenergy.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240422689680/en/


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Contacts
EIG Contact Information
FGS Global
Kelly Kimberly / Brandon Messina
+1 212-687-8080
EIG@fgsglobal.com

 

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Dex Squared and Absolute Hotel Services Form Strategic Partnership for Portfolio Expansion in the Middle East & Africa

Dubai, United Arab Emirates 
Dubai-based Dex Squared, a pioneering hotel management firm, and international hospitality management group Absolute Hotel Services (AHS) have signed a strategic agreement to form a joint venture in the Middle East and Africa. The new entity, AHS Middle East & Africa (AHS MEA), will operate new AHS-branded properties across the region.

The collaboration combines Dex Squared’s unparalleled regional expertise and innovative management approach with AHS’s established portfolio of brands, including Eastin Grand Hotels & Resorts, Eastin Hotels, Resorts & Residences, Eastin Estates, U Hotels & Resorts, and the Absolute Collection. Headquartered in Dubai, AHS MEA will identify and develop branded hotel and golf course projects.

“We are excited to join forces with AHS to bring their acclaimed hotel brands to our part of the world," said Kevork Deldelian, Dex Squared’s CEO and Managing Director of AHS MEA. “This partnership aligns perfectly with our vision of setting a new benchmark for hospitality excellence and represents a significant step in our growth and diversification strategy.”

Jonathan Wigley, CEO of AHS and President of AHS MEA, commented: “This joint venture is a milestone in our strategic plan to expand AHS’s footprint in the Middle East and Africa. Dex Squared’s local expertise, combined with our brand portfolio and operational capabilities, creates a powerful platform for growth.”

AHS MEA aims to sign and operate 20 branded hotels and five golf/country clubs within the next three to five years, targeting both well-established and high-potential destinations.

ABOUT DEX SQUARED

Dex Squared is a hospitality management company based in Dubai and known for its innovative approach and commitment to excellence. With deep knowledge of the Middle East and African markets, Dex Squared specializes in the development, operation, and management of hotels, resorts, residences, and restaurants, offering the entire spectrum of hospitality management services.

For more information, visit www.dexsquared.com.

ABOUT AHS

AHS is among Asia's fastest-growing hospitality management and branding companies, with an expanding portfolio of hotels, resorts, and serviced residences. Headquartered in Bangkok, AHS has offices in Asia and Europe. In addition to its hotel brands covering the luxury to economy segments, AHS also includes Absolute Golf Services and is the exclusive operator of Travelodge in Thailand.

For more information, visit www.absolutehotelservices.net.

 


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https://www.aetoswire.com/en/news/ahs22042024en
Contacts
Panos Deldelian

panos.deldelian@dexsquared.com

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Manhattan Associates Named a Leader in 2024 Gartner® Magic Quadrant™ for Transportation Management Systems for the Sixth Consecutive Year

LONDON - Tuesday, 23. April 2024 AETOSWire Print 

(BUSINESS WIRE) -- Manhattan Associates Inc. (NASDAQ: MANH), a global leader in supply chain commerce solutions, announced today that it has been named a Leader in the Gartner Magic Quadrant for Transportation Management Systems for the sixth consecutive year. Manhattan Active® Transportation Management (TM) also ranks among the three highest ranked vendors in the Level 3 Complexity, Level 4 Complexity and Level 5 Complexity Use Cases in the accompanying Critical Capabilities report.

As supply chains grow in complexity, enterprises are looking to better orchestrate transportation and distribution processes with a unified supply chain execution solution. Industry experts agree that Manhattan’s cloud-native technology architecture and unified supply chain platform distinguishes Manhattan Active TM. This solution breaks down supply chain execution silos to deliver real-time visibility into shipments, offers predictive analytics for better decision-making, delivers the ability to automate manual processes and ultimately eliminates inefficiencies, which can be a game-changer for any company operating in complex and demanding environments.

“We are delighted to be recognized by Gartner as a Leader in TMS for the sixth time in a row,” said Bryant Smith, director of Product Management for Manhattan Associates. “Manhattan Active TM is designed to manage every transportation function, across any mode or size of network and leverages advanced intelligence to solve even the largest and most complex transportation challenges.”

Manhattan Active TM can be combined with Manhattan Active Warehouse Management and Manhattan Active Yard Management to provide companies a simplified and unified supply chain execution system that continuously adapts and scales to business needs, and provides a single, comprehensive view of the distribution network, unlocking optimization opportunities that are impossible with traditional siloed offerings.

To download a complimentary copy of the Gartner Magic Quadrant for TMS report, please click HERE.

Receive up-to-date product, customer and partner news directly from Manhattan Associates on LinkedIn, Twitter and Facebook.

Gartner Disclaimer:

Gartner, Magic Quadrant for Transportation Management Systems, Brock Johns, Oscar Sanchez Duran, Carly West, 27 March 2024.

Gartner is a registered trademark and service mark and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Manhattan Associates:

Manhattan Associates is a global technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers. Manhattan Associates designs, builds, and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfillment center, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240423529365/en/


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Contacts
James Canham-Ash
Manhattan Associates
jash@manh.com

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PRO TECHnology To Showcase Kanguru’s Exceptional AES 256 Hardware Encrypted Devices and Duplicators at GISEC 2024

MILLIS, Mass. 
(BUSINESS WIRE) -- PRO TECHnology is excited to announce its participation with Kanguru in GISEC Global 2024, a premier cybersecurity event to be held at the Dubai World Trade Center from April 23rd to 25th, 2024. Stationed at Hall 4, Stand H26, PRO TECHnology will be showcasing Kanguru’s cutting-edge security innovations and duplication solutions, presenting attendees with unparalleled data security and backup technology to fortify their digital assets against evolving threats.

In today's hyper-connected landscape, staying ahead of cyber threats is crucial. The need to protect and secure sensitive data has never been more urgent. For 30+ years, Kanguru is at the forefront of delivering revolutionary hardware encrypted data storage, remote management, and duplicators to security-conscious organizations worldwide to stay ahead of threats.

“As a leader in enterprise solutions, we at PRO TECHnology are proud to partner with Kanguru, a renowned US-based company specializing in government-certified, AES hardware-encrypted data storage solutions,” states Jamal Maraqa, Managing Director of PRO TECHnology.

Kanguru’s commitment to providing innovative solutions is further demonstrated with their latest breakthrough in internal hardware-based, self-encrypting solid state drives. These groundbreaking devices offer unparalleled security for data stored on laptops and tablets, representing a game changer in protecting critical information at rest.

From military-grade FIPS 140-2 Certified, encrypted models to budget-friendly options tailored to small businesses, Kanguru caters to diverse security needs and budget constraints. Kanguru’s robust portfolio ensures organizations of all sizes can fortify their defenses and mitigate risks effectively.

Don't miss the chance to explore Kanguru’s robust data security and duplication solutions firsthand at GISEC:

Internal/External, AES 256-Bit Hardware Encrypted Defender® Data Storage Solutions

FIPS 140-2 Certified Models Available to Meet Advanced Security Regulations

Trusted Devices with Secure Firmware to Help Safeguard Networks and Infrastructure

Fully-Integrated Remote Management System Empowering IT Security Officers to Manage Secure Drives Remotely Anywhere in the World

SSD/Hard Drive Duplicator Portfolio – Secure Erase, Resize, Backup, Disaster Recovery

Join PRO TECHnology at GISEC 2024, Hall 4, Stand H26 as they demonstrate Kanguru's latest advancements, enabling organizations to directly address today's cybersecurity challenges with a proven, reliable partner they can trust.

For more information on Kanguru, please visit www.kanguru.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240418440120/en/


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https://www.aetoswire.com/en/news/1904202438795
Contacts
FOR MORE INFORMATION, PLEASE CONTACT:

Anthony Allan Alipio, Marketing Manager
PRO TECHnology
kanguru@protech.ae
+971 434 35 501

Don Wright, Marketing Manager
Kanguru Solutions
marketing@kanguru.com
(1) 508.376.4245

 

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Kai Tak Sports Park Limited and ASM Global Begin Countdown to Unveiling of World’s Largest Sports Development in History

LOS ANGELES -
Massive $4 Billion Kai Tak Sports, Entertainment, Retail and Dining Hub Nears Long-Awaited Introduction
(BUSINESS WIRE) -- The Hong Kong Special Administrative Region Government, ASM Global and Kai Tak Sports Park Limited (KTSPL) — which is a subsidiary of New World Development — as part of a multiyear strategy, have announced a late winter testing period for Kai Tak marking the culmination of a near decade-long record $4 billion project creating the premiere sports, recreation, entertainment complex on Earth.

ASM Global, as the lead operator, has been on the ground in Hong Kong working for over five years supporting the design, programming and construction of Kai Tak Sports Park, featuring many of the world’s most advanced state-of-the-art venues and is now prepping for pre-opening activities in advance of 2025’s formal unveiling.

The project will include a 50,000-capacity main stadium with the theme “Pearl of the Orient” as its design inspiration and boasting a retractable roof and flexible pitch surface that can host a wide range of events in any weather, including major sports events, concerts and MICE events; a 10,000-capacity indoor sports arena that meets the standard of major international tournaments for a wide range of athletics, including basketball, tennis, gymnastics, family shows and other entertainment events; a 5,000-spectator, open-to-the-public sports ground for hosting school sports days, athletic meets, local football and rugby matches as well as team and athlete training sessions; and an outdoor recreation complex.

ASM Global’s President and CEO Ron Bension said, “ASM Global develops and builds spectacular venues and extraordinary entertainment districts throughout the world; but nothing compares to the scale, scope and state-of-the art innovation of Kai Tak.”

The Hong Kong site is part of ASM Global’s network of more than 400 venues around the world. The company works with major cultural and entertainment districts and venues and projects throughout the world, including Darling Harbour in Sydney, OVO Arena Wembley in London, AO Arena in Manchester and Desert Diamond in Arizona.

Officials said the expansive development will set the benchmark for multipurpose sports precincts worldwide, integrating the most advanced sports facilities with retail, wellness and community leisure spaces to create an urban oasis for the 7.4 million local community and millions of overseas visitors.

KTSPL, when awarded the contract for the design, build, construction and operation of the Kai Tak Sports Park, subsequently assembled an unparalleled project team comprising overseas and local experts in design; retail sales and marketing; construction led by Hip Hing; and ASM Global for project management, premium sales and programming.

The precinct is designed around the one-of-a-kind Kai Tak Sports Avenue. This indoor and outdoor pedestrian walk starts at Station Square and transports people completely through the immense site.

Throughout the complex will be restaurants, retail shops, jogging trails, a health and wellness center, as well as an international-standard bowling center with 40 lanes suitable for hosting international tournaments and a climbing wall on Sports Avenue.

ASM Global and KTSPL’s state-of-the-art environmentally conscious design decisions are critical to the project, intended to set and meet measurable goals to reduce impacts on the planet and champion dynamic programs for the longevity and well-being of the local community.

The focus of these sustainability efforts includes integration of photovoltaic panels on all major facilities, extensive green roofscapes and an expansive network of electric charging stations across the precinct. Smart city initiatives include an intelligent building and car management system, Wi-Fi hotspots, an indoor positioning system and mobile applications to facilitate precinct information booking of facilities and wayfinding.

Kai Tak Sports Park is expected to formally open in early 2025 and is one of the sports venues that will deliver events for the 2025 15th National Games of China that is being hosted in the Greater Bay Area.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240417546819/en/


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Contacts
Media Contact:
Jim Yeager
breakwhitelight (for ASM Global)
jim@breakwhitelight.com
Mobile: 818-264-6812

 

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The 2024 Japan Prize Award Ceremony Is Held with Their Majesties the Emperor and Empress of Japan in Attendance

TOKYO - Tuesday, 23. April 2024 AETOSWire 

Prof. Sir Brian J. Hoskins and Prof. John Michael Wallace in the Field of Resources, Energy, the Environment, and Social Infrastructure

Prof. Ronald M. Evans in the Field of Medical Science and Pharmaceutical Science

 

(BUSINESS WIRE)--The Japan Prize Foundation (President: Hiroshi Komiyama) held an award ceremony on Tuesday, April 16 at the Imperial Hotel Tokyo in Tokyo's Chiyoda Ward to confer the Japan Prize on scientists who have made creative and dramatic achievements in the global scientific and technological fields and who have contributed significantly to realizing peace and prosperity for all humanity.

Prof. Sir Brian J. Hoskins (UK) and Prof. John Michael Wallace (USA), the winners in the field of Resources, Energy, the Environment, and Social Infrastructure, and Prof. Ronald M. Evans (USA), the winner in the field of Medical Science and Pharmaceutical Science, were in attendance at the award ceremony, and each field was awarded 100 million Yen together with a certificate and a medal.

Each year, the winners of the Japan prize are recommended by approximately 15,500 prominent scientists and engineers from around the world, and decided by a rigorous examination taking about 1 year. For 2024, The Foundation received 130 nominations for the fields of Resources, Energy, the Environment, and Social Infrastructure, and 198 nominations for the fields of Medical Science and Pharmaceutical Science. This year’s winners were selected from that total of 328 candidates.

The ceremony was attended by about 150 guests, starting with Their Majesties the Emperor and Empress, heads of the three branches of government and other related officials, and representatives from various other elements of society. His Majesty the Emperor delivered remarks, followed by speeches by the three winners, and congratulatory remarks by Hidehisa Otsuji, President of the House of Councilors.

This year's award ceremony can be viewed from the links below.

Japanese Version: https://www.youtube.com/live/9u7k6Al_MlU?si=B8EhDuvEByzFlTKB
English Version: https://www.youtube.com/live/FsNvb9V0ODo?si=vAlfPk94QvCq4Iac

About the Japan Prize

The establishment of the Japan Prize in 1981 was motivated by the Japanese government's desire to create an internationally recognized award that would contribute to scientific and technological development around the world. With the support of numerous donations, the Japan Prize Foundation received endorsement from the Cabinet Office in 1983. The Japan Prize is awarded to scientists and engineers from around the world, who have made creative and dramatic achievements that help progress their fields and contribute significantly to realizing peace and prosperity for all humanity. Researchers in all fields of science and technology are eligible for the award, with two fields selected each year in consideration of current trends in scientific and technological development. In principle, one individual in each field is recognized with the award, and receives a certificate, a medal, and a monetary prize. Each Award Ceremony is attended by Their Majesties the Emperor and Empress, heads of the three branches of government and other related officials, and representatives from various other elements of society.

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

 

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For inquiries about this release:
The Japan Prize Public Relations Office
E-mail: japanprize@ml.prap.co.jp

 

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Hemohim, a Functional Food to Boost Immune System, Sparks Global Sensation

(BUSINESS WIRE)--Hemohim is garnering remarkable popularity in the global market as Korea's one of the leading functional foods.

Hemohim is developed through an eight-year collaboration between Kolmar BNH (KOSDAQ: 200130) and the Korea Atomic Energy Research Institute, with an investment of KRW 5 billion. It was extracted from raw materials of angelica gigas, cnidium officinale, and paeonia japonica, which have been traditionally used in herbal medicine. Kolmar BNH performed tests on humans to confirm the safety and efficacy of its main ingredient, ‘HemoHIM Extract complex of Angelica gigas, etc.’, and was recognized by the Ministry of Food and Drug Safety of Korea in 2006 for its immune-boosting properties.

Distributed by Atomy, a customer of Kolmar BNH, Hemohim has sold over KRW 2 trillion worth of products in just 17 years since its launch, making it the nation’s best-selling individually approved health functional food. With strong demand from many countries like Australia, the US, and Thailand, Hemohim has expanded its global presence to over 20 countries.

Following a rigorous review process, Hemohim received approval from the Korean Ministry of Food and Drug Safety as the nation’s first individually approved health supplement product designed to enhance immune function.

Ranking the second-highest exported product after red ginseng in Korea, Hemohim is the leading individually approved health functional food ingredient. Kolmar BNH, propelled by Hemohim's success, was honored with the '200 Million Dollar Export Tower' at the 2021 'Trade Day' ceremony hosted by the Korea International Trade Association.

Kolmar BNH is making R&D efforts to sharpen its material competitiveness, as evidenced by the 'Hemohim Sustaining Technology Development Project.' After six years of endeavors, it obtained a fatigue recovery function last year, solidifying Hemohim's status as a dual-functional food with immune enhancement and fatigue recovery.

To further reach the European market, Kolmar BNH has developed HemohimG, tailored to suit European preferences in tastes and aroma. HemohimG is a product made for exports that follow the food regulations of each country. It is now poised for export to the UK and Turkey.

A Kolmar BNH official stated, "Hemohim represents Korea's top health functional food, backed by research capabilities and manufacturing prowess. After its success in Korea over the past 16 years, Hemohim is ready to leave its footprint on the global market."

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Kolmar BNH
Jang Woo Lee
jay.lee@kolmar.co.kr

 

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Rubedo Life Sciences Closes $40M Series A Financing Led by Khosla Ventures and Ahren Innovation Capital

 

- Series A financing to advance clinical development of lead candidate RLS-1496 into Phase 1 studies this year in chronic atopic dermatitis and chronic psoriasis.

 

(BUSINESS WIRE)--Rubedo Life Sciences, a biopharmaceutical company committed to developing first-in-class therapies targeting senescent cells which drive age-related diseases, today announced the closing of a $40M Series A financing round. The round was led by Khosla Ventures and Ahren Innovation Capital, with participation from Hevolution, R42, Modi Ventures, Cerigo Investments, Shanda Group, Refactor Capital, LongeVC, Italian Angels for Growth (IAG), and other investors.

 

The funding will be used to advance the company’s lead candidate RLS-1496 in chronic atopic dermatitis and chronic psoriasis, which will be entering Phase 1 studies. Rubedo is also developing additional therapies that selectively target senescent cells in pulmonary diseases with significant unmet medical need, such as idiopathic pulmonary fibrosis (IPF), with a program recipient of a substantial CIRM grant last year.

 

“We’re delighted to attract this top-tier syndicate co-led by Khosla Ventures and Ahren Innovation Capital. This significant influx of financing will allow us to advance our first clinical candidate into human studies,” said Marco Quarta, CEO & Co-Founder of Rubedo Life Sciences.

 

“As people live longer, improving quality of life is paramount,” said Alex Morgan, Partner, Khosla Ventures. “Rubedo is targeting senescent, or aging, cells that drive age-related diseases. This first trial can bring us another step closer to achieving better healthspan.”

 

“Our mission is to invest in transformational companies that will change the world for the better, serving vast markets,” said Alice Newcombe Ellis, Founding & General Partner, Ahren Innovation Capital. “We believe that Rubedo’s transformative approach to targeting senescent cells is an impressive step towards the development of chronic age-related therapies, which will advance biotech from treatment to prevention or disease reversal.”

 

“The significant experience and capital that our investors bring to Rubedo will help the company rapidly advance our programs,” said Ali Siam, Chief Business Officer, Rubedo Life Sciences. “We look forward to working with these leaders, whose vast experience in clinical development will be invaluable as we enter the next phase of growth at Rubedo.”

 

Rubedo’s Alembic™ drug discovery platform enables the identification of specific druggable targets for development into therapeutics that selectively target pathologic cells, such as various types of senescent cells, that drive the process of biological aging. Senescence is the process by which a cell ages and permanently stops dividing but does not die. Any cell can potentially become senescent. Over time, large numbers of senescent cells can build up in tissues throughout the body and release pathologic factors. When they reach a critical mass, they cause chronic inflammation and damage leading to fibrosis and tissue degeneration which drive many age-related diseases.

 

About Rubedo Life Sciences

 

Rubedo Life Sciences is a biopharmaceutical company developing a broad portfolio of innovative therapies engineered to target cells which drive chronic age-related diseases. Our proprietary ALEMBIC™ drug discovery platform has engineered novel first-in-class small molecules designed to selectively target various types of senescent cells, which play a key role in the progression of pulmonary, dermatological, oncological, neurodegenerative, fibrotic and other chronic disorders. The Rubedo leadership team is composed of industry leaders and early pioneers in chemistry, technology, and life sciences, with expertise in drug development and commercialization from both large pharma and leading biotech companies. The company is based in Sunnyvale, CA. For additional information, visit www.rubedolife.com.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240422384739/en/

 

 

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Kimberly Ha

KKH Advisors

917-291-5744

kimberly.ha@kkhadvisors.com

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Rubedo Life Sciences and Beiersdorf Announce Multi-Year Partnership to Pioneer New Skin Care Products that Address Cellular Aging

SAN FRANCISCO - Tuesday, 23. April 2024

(BUSINESS WIRE)--Rubedo Life Sciences, a biotechnology company specializing in cellular senescence and anti-aging research, announced today a multi-year strategic partnership with German multinational beauty company Beiersdorf AG to develop innovative skin care products that address the effects of cellular aging. Beiersdorf additionally joins Rubedo as a strategic investor, having participated in its recent Series A financing round through its Oscar & Paul Corporate Venture Capital Fund.

The partnership between Rubedo and Beiersdorf revolves around the exploration of novel compounds derived from Rubedo's extensive research programs, specifically targeting cellular senescence. Senescent cells accumulate with age and may contribute to age-related skin changes and pathologies. These compounds will be sourced from Rubedo's topical dermatology program, which have senolytic and anti-inflammatory properties.

As part of the partnership, Beiersdorf will conduct in vitro and in silico studies, and will conduct rigorous assessments of the identified compounds from Rubedo. The collaborative effort will culminate in in vivo human studies, aimed at validating the efficacy of the selected compounds in cosmetic skin care formulations. Rubedo shall be eligible to receive milestones and royalty payments.

“We are thrilled to announce our partnership with Beiersdorf, a recognized global leader in the cosmetics and skin care industry to develop new products that address skin aging,” said Marco Quarta, CEO of Rubedo Life Sciences. “For over 140 years, Beiersdorf has been a worldwide leader in skin care with global brands like NIVEA, Eucerin, and La Prairie. By combining Rubedo's expertise in cellular senescence with Beiersdorf's complementary expertise in skin care innovation, this partnership may revolutionize the landscape of skin care products, offering consumers new solutions that treat cellular aging for healthy and youthful-looking skin.”

“Our mission is to define the future of skincare through breakthrough innovation,” commented Beiersdorf CEO Vincent Warnery. “By partnering with Rubedo and combining cutting-edge expertise from both sides, we aim to redefine the standards in anti-age skincare.”

Rubedo's innovative approach to compound development, coupled with Beiersdorf's leading global brand platforms, is poised to set new standards in anti-aging skin care and develop new solutions for the multibillion face care market.

About Rubedo Life Sciences

Rubedo Life Sciences is a biopharmaceutical company developing a broad portfolio of innovative therapies engineered to target cells which drive chronic age-related diseases. Our proprietary ALEMBIC™ drug discovery platform has engineered novel first-in-class small molecules designed to selectively target senescent cells, which play a key role in the progression of pulmonary, dermatological, oncological, neurodegenerative, fibrotic and other chronic disorders. The Rubedo leadership team is composed of industry leaders and early pioneers in chemistry, technology, and life sciences, with expertise in drug development and commercialization from both large pharma and leading biotech companies. The company is based in Sunnyvale, CA. For additional information, visit www.rubedolife.com.

About Beiersdorf AG

Beiersdorf has stood for innovative, high-quality skin care products as well as pioneering skin research for more than 140 years. Leading international brands such as NIVEA, the world’s no. 1 skin care brand*, Eucerin (dermocosmetics), La Prairie (selective cosmetics), and Hansaplast/Elastoplast (plasters and wound care) are cherished by millions of people around the world day after day. Renowned brands such as Aquaphor, Coppertone, Chantecaille, Labello, 8x4, atrix, Hidrofugal, Maestro, and Florena round off our extensive portfolio in the Consumer Business Segment. Through the wholly owned affiliate tesa SE, Beiersdorf is also a globally leading manufacturer of technical adhesive tapes and provides self-adhesive solutions to industry, craft businesses, and consumers.

The Hamburg-based company generated sales of €9.5 billion as well as an operating result (EBIT) of €1.3 billion in fiscal year 2023. Beiersdorf has more than 21,000 employees worldwide, who are connected by shared core values, a strong corporate culture, and the Beiersdorf purpose Care Beyond Skin. With its business strategy, the company pursues a multi-year investment program focusing on competitive, sustainable growth. The program is consistent with the ambitious sustainability agenda, with which Beiersdorf is generating clear added value for consumers, society, and the environment.

* Source: Euromonitor International Limited; NIVEA by umbrella brand name in the categories Body Care, Face Care, and Hand Care; in retail value terms, 2022.

 

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Kimberly Ha
KKH Advisors
917-291-5744
kimberly.ha@kkhadvisors.com

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Al Amal Exchange fortifies its compliance endeavors through a strategic partnership with Effiya Technologies

Al Amal Exchange proudly joins forces with Effiya Technologies in the ongoing battle against financial crime. This marks a significant milestone for the exchange in adoption of an intelligent, scalable, and dynamic solution that aims to proactively detect and prevent money laundering schemes before they can inflict harm. Effiya's expertise and smart AI solutions will empower Al Amal Exchange to mitigate its risks while setting higher standards of compliance and security.

Mr. Sulaiman Ismail Sherif, General Manager of Al Amal Exchange mentioned, "At Al Amal Exchange, ensuring regulatory compliance and safeguarding our customer’s interests remains our top concern. By leveraging Effiya's cutting-edge technology and artificial intelligence enabled solution, we aim to set new standards in compliance effectiveness and efficiency. Together, we are poised to reshape the landscape of regulatory adherence for the exchange. The partnership is a timely initiative and a serious measure to ensure a secure financial environment.

Mr. Jigar Shah, CEO of Effiya Technologies, expressed his enthusiasm for the partnership stating, “This collaboration is a positive leap forward towards a more secure financial environment. We have closely monitored the expanding capabilities of AI and its potential applications in regulatory compliance. By joining forces with Al Amal Exchange, we are taking a significant step in reinforcing their dedication to regulatory compliance and fortifying the security of their customer’s transactions.

Al Amal Express Exchange

Al Amal Express Exchange is a leading financial services brand established in the United Arab Emirates in 2013. The brand offers a full suite of innovative financial solutions in money transfer, foreign exchange, and payment solutions with the sole objective to serve diverse communities, leading business, and industries with its fast and cost-effective services.

About Effiya Technologies

Effiya Technologies, powered by Sutra Management is a fintech startup that provides AI-enabled solutions for the client. Headquartered in Singapore and with reseller partners across India and GCC, the company is one of the growing companies providing intelligent financial crime-combatting solutions. Developed with years of research, Effiya has a patented technology that reduces false positives and reduces investigation time throughout the customer lifecycle.

 

 

Contacts

Effiya Technologies

Indrani Biswas

ib@sutra-management.com

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Cushman & Wakefield Appointed by Standard Chartered Bank to Deliver Property Services across Asia and Global Asset and Transaction Management

Five-year mandate looks to elevate the Bank’s transformative workplace experience, and drive its broader 2025 Scope 1 and 2 net-zero commitments

(BUSINESS WIRE) -- Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announces that it has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia workplace transformation, and Global Asset and Transaction Management for the Bank’s 11m square foot global real estate portfolio.

The five-year mandate will encompass global Asset & Transactions Management and Property Services across Asia, including Integrated Facilities Management, Project & Design Management Services, Space Planning, Occupancy Management, Health, Safety and Wellbeing and Physical Security and will take effect from 1 July 2024.

In support of delivering a best-in-class corporate, investment, wealth and retail banking experience, Cushman & Wakefield will be key in accelerating the Bank’s client strategy across its physical and digital networks. In partnership with the Bank’s Wealth and Retail Banking (WRB), and Corporate & Investment Banking (CIB) arms, the mandate will look towards supporting the local and international banking needs of its clients.

With a focus on elevating workplace experience and reinforcing the Bank’s industry positioning as an Employer of Choice, this mandate will also be key in advancing the Bank’s Twice the Experience mission. In addition to supporting Property’s 2025 Scope 1 and 2 net-zero commitments, Cushman & Wakefield will be a key partner in driving the sustainability agenda across the Bank’s footprint with a focus on Environmental, Social, and Corporate Governance (ESG) goals, optimizing increased renewable energy and accelerating outcomes in partnership with external communities.

“We are delighted to partner with Standard Chartered Bank and thank them for placing their trust and confidence in us to help optimize their property performance and create efficiencies and experiences that support their business, people and sustainability objectives. Our teams around the world are committed to harnessing the full value and benefits of our global footprint, integrated GOS platform and technology capabilities to ensure we drive excellence across the Bank’s property portfolio,” said Aubrey Waddell, Chief Executive, Global Occupier Services, Cushman & Wakefield.

“Our partnership with Cushman & Wakefield will be key to accelerating our property transformation agenda. As we continue to develop a sustainable real estate strategy across our global portfolio for long-term success, the focus remains on reimagining our employee and client experience. We are excited to strengthen joint capabilities to seize opportunities ahead and look forward to delivering excellence for the Bank and our clients in 2024 and beyond,” said Shelley Boland, Global Head, Property, Standard Chartered Bank.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

About Standard Chartered

We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

 

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Contacts
Foo Chek Yee
Head of Public Relations, APAC
65 6317 8353 / 9793 3652
chekyee.foo@cushwake.com

Amy Kathleen Kelly
Associate Director, Communications, APAC
65 6248 3062 / 8725 0663
amy.kelly@cushwake.com

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NILIT Announces Strategic Expansions, Including a Joint Venture with Shenma in China

(BUSINESS WIRE)--NILIT, the global leader in high-performance Nylon 6.6 fibers for the apparel industry and leader in sustainability, that owns the broadest line of sustainable Nylon 6.6 products, is announcing a new joint venture with Shenma Industry Co., Ltd. (hereinafter referred to as Shenma), a subsidiary of China Pingmei Shenma Group, a global leader in the industrial Nylon 6.6 market and a leading supplier to the automotive industry around the world. This new partnership represents a significant expansion of production capacity within China, also demonstrating NILIT’s ongoing commitment to support the growth of global customers and brands. This expansion is highlighted by multiple investments and cooperation designed to enhance production capabilities and deliver more innovative solutions to the textile industry.

“We are pleased to unveil this new greenfield joint venture in China with Shenma to introduce differentiated state-of-the-art technologies to support the local market,” says Ilan Melamed, NILIT Global General Manager. “This collaboration is set to produce premium specialized products in Fully Drawn Yarns (FDY), known for their outstanding strength and smoothness, and Air Textured Yarns (ATY), known for providing unparalleled softness for the textile market, providing quality and performance, all within a highly competitive cost structure. This partnership will open new opportunities in end uses such as home textiles and the automotive industry where strength, smoothness, and durability are essential.” The joint venture will include a new production site in Pingdingshan, the China Nylon City. The facility will be constructed to meet NILIT’s exacting Total Product Sustainability (TPS) standards for environmentally responsible production and is expected to yield a production capacity of 20,000 tons in the next few years.

This strategic partnership brings together the expertise, resources, and networks of NILIT and Shenma, both renowned enterprises in their respective fields. This joint venture combines NILIT's 50 years of global experience in the production and marketing of high-quality Nylon 6.6 yarns for apparel, and Shenma’s leadership excellence in the Chinese market. “With a shared commitment to excellence and innovation, we are poised to leverage our collective strengths to penetrate new markets and amplify our capabilities across China,” continues Ilan Melamed. The joint venture agreement was signed in a ceremony in Shanghai on April 18th attended by leaders from both parties including Mr. Li Mao, Chairman of China Pingmei Shenma Group, and Mr. Michael Levi, Chairman of NILIT Group.

This model of collaboration showcases the mutual benefits of such alliances, including market access, regulatory navigation, and competitive advantage, emphasizing the market leadership of the NILIT team in China led by Shay Kastoriano, NILIT Asia GM, and Shenma as a strong local partner in China.

Furthermore, in response to the increasing demand for NILIT's high-end products and the commitment to innovation and sustainability, NILIT is also accelerating its plans to double the production capacity at NILIT’s existing production site located in Suzhou SIP, where Shenma Industrials will be a minority shareholder. This strategic move is aimed at supporting the growing global market demand for NILIT's products, ensuring customers’ needs for advanced and innovative and sustainable materials are met.

About NILIT

Celebrating 50 years of excellence, NILIT offers the broadest collection of premium sustainable Nylon 6.6 yarns designed to empower the apparel industry’s shift to a more sustainable position. With production plants in 4 continents (North America, South America, EMEA and ASIA), NILIT is dedicated to creating innovative and sustainable solutions to advance the textile industry.

NILIT launched industry-first SENSIL® ByNature made using bio-gas from reclaimed landfill waste. SENSIL® BioCare is enhanced with a special technology proven to help lessen the persistence of textile waste in sea water and in landfills. SENSIL® EcoCare, crafted with recycled Nylon, improves circularity and LCA. SENSIL® WaterCare with embedded color saves up to 100% of the water used in the traditional wet dyeing process. Plus, the complete SENSIL® portfolio of products is manufactured according to NILIT’s Total Product Sustainability criteria. These responsible yarns give designers the beautiful, environmentally considerate performance fabrics they need to create apparel collections that respond to consumer demands.

About Shenma

As a leading enterprise in the global Nylon 6.6 industrial yarn industry, Shenma has a strong Nylon 6.6 raw material base, providing a solid guarantee for its industrial yarn production. Therefore, its outstanding industrial yarn production capacity is well-known. It is a leading supplier in the global automotive industry, winning the trust of many leading automotive brands with its key components such as airbags and tire cords.

Through deep cooperation with these automotive brands, Shenma's reputation has been highlighted internationally. These partnerships demonstrate that Shenma is able to meet the strict quality and safety standards required by top manufacturers such as General Motors, Ford, Toyota, and Volkswagen. These partnership relationships not only highlight Shenma's commitment to the Nylon 6.6 supply chain, but also demonstrate Shenma's deep commitment to partners and customers.

 

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Zoya Fux; zoyaf@nilit.com

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Best’s Commentary: UAE Insurers Adapt to Changing Weather Trends as Latest Flooding Costs Mount

(BUSINESS WIRE)--AM Best expects the recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) to prompt swathes of claims for motor, property and business interruption insurers in the region.

However, a new Best’s Commentary, “UAE Insurers Adapt to Changing Weather Trends as Latest Flooding Costs Mount,” suggests low insurance penetration, coupled with extensive reinsurance cover, should keep the cost borne by the country’s primary insurers at a manageable level.

The UAE was badly hit by flooding after it experienced the heaviest rainfall in more than 75 years and a year’s worth of rainfall within a few hours, leading to power cuts, the closure of schools and businesses and cancellations and delays at Dubai International Airport.

Motor is the segment most vulnerable to natural catastrophe events for the UAE’s primary insurers as these risks are largely retained by the market. This latest incidence of flooding, coming hot on the heels of deluges in March 2024, is likely to cause significant deterioration in the performance of motor portfolios: flooded roads and car parks can quickly result in a large number of losses.

The motor policy standard imposed by the UAE’s Ministry of Economy does not cover natural disasters, leaving insurers the choice of whether to offer this coverage. Comprehensive motor policies in the UAE typically include flood cover; however, these represent a minority of premiums with most customers opting for cheaper third-party liability policies. Previous flooding events on a similar scale have resulted in spikes in the number of road traffic accidents.

Changing weather trends have already influenced the behaviour of insurers across the wider Gulf Co-operation Council (GCC) region. In 2023 and the start of 2024, the market observed an increase in hailstorms and heavy rainfalls that notably caused flash floods, such as those experienced in November 2023 and March 2024.

Some insurers are starting to take action to reduce potential losses through loss mitigation tactics; for example, sending notifications to consumers during periods of heavy rain or encouraging the construction of canopies to reduce potential motor losses from hail.

To access a complimentary copy of this commentary, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=342130.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

 

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Contacts
Todor Kitin, ACA
Financial Analyst
+44 20 7397 0335
todor.kitin@ambest.com

Jessica Botelho-Young, CA
Associate Director, Analytics
+44 20 7397 0310
jessica.botelho-young@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Edem Kuenyehia
Director, Market Development & Communications – EMEA & AP
+44 20 7397 0280
edem.kuenyehia@ambest.com

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Eaton’s Mobility Group Chosen to Supply Electromechanical Variable Valve Actuation Technology to Great Wall Motor

SOUTHFIELD, Mich. - Tuesday, 23. April 2024


(BUSINESS WIRE) -- Intelligent power management company Eaton today announced it has been chosen to supply an electromechanical actuation system (EMAS) that can deliver an early intake valve closing (EIVC) to the China-based automaker Great Wall for use in a line of hybrid-electric vehicles (HEV).

“Emissions regulations are driving the adoption of new technologies by our global customers,” said Alessio Lorenzon, global engineering manager, Valves, Eaton’s Mobility Group. “We’re proud to supply Great Wall with our variable valve actuation technology which, in combination with vehicle hybridization, will improve fuel economy in their newest hybrid passenger vehicle lineup.”

The Eaton EMAS is a discrete valvetrain-based technology that allows manufacturers to select the intake lift that best fits the engine map. At low to medium engine speed and torque, the system delivers the EIVC function, reducing the air trapped in the cylinder and the pumping losses, which increases overall engine efficiency. When the engine requires maximum performance, the system switches to the longer valve event, delivering the highest output possible. Leveraging a system that can be easily integrated into the valvetrain and the cylinder head space and controlled by a simple electric actuator, the EMAS creates a balance between fuel economy and performance.

Eaton’s innovative new system differs from traditional variable valve actuation (VVA) solutions in that it includes switchable rockers, a mechanical actuation shaft controlling the switching of the rockers, and an electric actuator driving the actuation system on demand. This configuration makes the system unaffected by varying oil temperatures, which enables fast system switching across a very wide working range of the engine. This also enables a safe rocker switch at high engine speed.

“Our EMAS was conceived to be easily scaled and a minor modification of the mechanical link between the actuator and rocker arms allows the system to be used in all engine families from three to six cylinders,” Lorenzon said. “The switchable rocker arm is composed of stamped and cold-formed parts, which helps manufacturability without impacting performance.”

Learn more about Eaton’s variable valve actuation solutions.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240423118914/en/

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Contacts

Thomas Nellenbach
(216) 333-2876 (cell)
thomasjnellenbach@eaton.com

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Unforgettable Experiences Await: Secure Your Spot at NPE2024

The Countdown is on for NPE2024: The Plastics Show.

Registration Closes in Less Than a Month.

 

(BUSINESS WIRE)--Anticipation for the largest plastics trade show in the Americas is nearly over; registration for NPE2024: The Plastics Show closes in less than a month. Held in the Orange County Convention Center in Orlando, Florida, the show spans over 1.1 million net square feet of exhibit space. NPE2024 will be the most impactful trade show of the year for all plastics industry sectors in the U.S. and globally, with more than 55,000 professionals expected and over 2,100 exhibitors. Attendees will come from over 115 countries, representing the entire plastics ecosystem and nearly every part of the global industry.

NPE2024 is back, and a completely reimagined experience. The show’s slogan “Made For You,” highlights its focus on personalization, offering various education, networking and innovation for professionals in the automotive, building and construction, consumer products, packaging and medical industries. NPE2024 is returning bigger and better than ever with the announcement of new features such as Keynotes, Industry Briefings, the Sustainability Hub, Podcast Point, Innovation and Sustainability Stages and more.

“In just one month, the global plastics industry will reunite at NPE2024. It is the only show to use every part of the Orange County Convention Center, which means there are 1.1 million net square feet dedicated to the plastics industry alone. There is more to see, do and experience at NPE2024 than previous NPE shows. It’s the industry trade show you don’t want to miss,” said Glenn Anderson, COO and Executive Vice President of Trade Shows.

NPE2024, held May 6-10, 2024, will offer opportunities for everyone in the industry, including:

Two keynote speakers who will give insight on the future landscape of the plastics industry
Six technology zones with 2,100+ exhibitors showcasing their latest products and services
More than 100 education sessions on topics like artificial intelligence, mold building, workforce development, market trends and more
The brand-new, interactive Sustainability Hub where attendees will experience the plastics circular economy, from raw materials to go-to market consumer products
Influential women in the plastics industry will share their success stories with those attending the Women in Plastics Breakfast
More than 700 first-time exhibitors bringing to NPE2024 new products and perspectives
The inaugural Opening Night Party featuring the band Pop Rocks, games, food and drinks
Tickets for NPE2024 range from $175 - $600; prices vary depending on advanced and on-site pricing tiers. Add-ons to the NPE Opening Night Party, Women in Plastics Breakfast, Seminarios Latinoamericanos and 3D Printing for Plastic Processors workshops are also available on a first-come, first-served basis.

For more information about NPE2024: The Plastics Show and to register, visit: NPE.org.

The Plastics Industry Association (PLASTICS) is the only organization that supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $548 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the seventh largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE2024: The Plastics Show.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416983839/en/


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Contacts
Hunter Martin pr@npe.org
Camille Gallo cgallo@plasticsindustry.org

 

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Lenovo Embraces the AI PC Era with New ThinkCentre Desktops Powered by AMD Ryzen PRO 8000 Series Desktop Processors

Next-generation business workhorses with AI capabilities ideal for even the most demanding modern workplaces

(BUSINESS WIRE) -- Lenovo™ has unveiled a selection of ThinkCentre™ desktops powered by AMD Ryzen™ PRO 8000 Series desktop processors with up to 16 TOPS (trillion operations per second) of integrated NPU capability dedicated to process AI workloads, including the performance focused ThinkCentre M75t Gen 5, the flexible ThinkCentre M75s Gen 5, and the compact ThinkCentre M75q Gen 5. Designed to meet the diverse needs of modern business, the ThinkCentre M75 Gen 5 family of desktops harnesses the AI capability of its component while optimizing its energy efficiency to deliver impressive results.

“The AI PC era is already here and at Lenovo we are embracing it to unlock new possibilities,” said Sanjeev Menon, vice president and general manager, Worldwide Desktop Business in Intelligent Devices Group, Lenovo. “The need for businesses to integrate AI into their operations continues to grow and our ThinkCentre M75 family of desktops, with a strong and stable power supply, the ability to upgrade components when needed, and the space to expand memory and optimize thermal management are the ideal options to enhance productivity with AI without heavy investments. Lenovo and AMD have a long-standing partnership focused on delivering value to our customers and we know users will be delighted by the leap in performance of our new desktops.”

AI-Accelerated Performance

Designed for multitasking, the ThinkCentre M75t Gen 5 tower and ThinkCentre M75s Gen 5 small form factor desktops offer AI-accelerated power driven by an AMD Ryzen™ PRO 8000 Series desktop processor. Combined with an integrated graphics with AMD RDNA™ 3 technology, up to 64GB DDR5 (5600MHz) memory and up to 2 TB of Gen4 SSD storage1, both desktops deliver blazing speeds that makes them the ideal choice for daily commercial tasks like browsing, office, email, media and more, and to even breeze through even the most data-intensive tasks.

Smart and efficient, the ThinkCentre M75t Gen 5 and ThinkCentre M75s Gen 5 desktops become more dynamic thanks to Lenovo’s chip-level AI features, including power usage prioritization to allocate power to the correct apps when you need it, and an AI-driven fan that optimizes fan speed, so the system remains cool, and reduces noise levels. With Lenovo’s AI features, the desktops will maximize a video rendering software’s performance for content creators, increase fan speed during intense coding sessions, and even balance software performance when multitasking. The AI features continuously learn as you multitask, resulting in a smarter and more efficient workhorse as you use it.

For businesses needing expandability, both desktops offer a flexible expansion slot for hardware additions, nine USB ports for easy connectivity and the ability to support up to four independent compatible displays. Content creators, engineers, artists and those looking for more graphic options will delight in the ThinkCentre M75t Gen 5 tower desktop’s ability to host either an AMD Radeon™ RX 550 4G or AMD Radeon RX 6600LE graphic card.

Compact Performance

Compact enough to fit inside a shoe box, the ThinkCentre M75q Gen 5 is a tiny desktop with full-size performance designed to fit into virtually any location, including banking, healthcare and retail environments. Packing up to an AMD Ryzen 7 PRO 8700GE desktop processor, integrated graphics with AMD RDNA™ 3 technology and up to 64GB of dual-channel DDR5 (5200MHz) memory1, this desktop provides next-level performance while remaining small enough to hide behind a monitor.

Despite its miniature size, the ThinkCentre M75q Gen 5 is still expandable, customizable and easily upgradable. It supports seven USB connections, boasts two Gen 4 SSDs, has built-in driver support for older OS versions, can connect to three compatible displays for maximum multitasking and features toolless access to the SSD and memory module for easy expansion when needed (cards sold separately). For the most space-restricted environments, the ThinkCentre M75q Gen 5 can be mounted using a universal VESA mount to free up even more space.

Peace of Mind and Enhanced Security

The ThinkCentre M75 Gen 5 family of desktops offer more than reliable performance, they are eligible for optional Lenovo Premier Support Plus service, offering 24/7/365 peace of mind. Resolve issues quickly with easy break/fix support accessing Lenovo expert engineers for a seamless remote fix, boosting productivity and device longevity; receive proactive and preventive alerts before issues arise; benefit from next business day onsite labor and parts prioritization; enjoy Accidental Damage Protection for mishaps such as drink spills, and more.

For added security, the desktops are Secured-core PCs that come with the Microsoft Pluton security processor, offering the highest level of Windows protection. As a Windows Secured-core PC, the ThinkCentre M75 Gen 5 desktops aim to block physical attacks, protect down to the firmware level and offer extra security for even the most sensitive data.

The desktops are backed by Lenovo ThinkShield, a comprehensive end-to-end security solution that combines hardware and software to protect your data, comes with a dTPM 2.0 chip that encrypts passwords and data, a BIOS-based Smart USB protection and individual USB port disablement to help prevent unauthorized access via peripherals, and more. The ThinkCentre M75 Gen 5 family of desktops encourages businesses to innovate freely and explore the benefits of AI knowing that their data and information are protected.

Lenovo’s commitment to sustainability2 is also reflected in the lineup of ThinkCentre M75 Gen 5 desktops, with each system incorporating 85% and 95% PCC (Post-Consumer Content) plastic materials in the chassis and keyboard/mouse respectively. In addition to the use of recycled plastics, the packaging for the ThinkCentre M75 Gen 5 desktops features a thermal shell and bag made of 30% OBP (Ocean-Bound Plastic) and FSC (Forest Stewardship Council®) carton that uses material from well-managed forests and recycled sources.

To enhance the capability of the ThinkCentre M75 Gen 5 desktops, Lenovo offers an optional Smart Cable for easy USB-A and USB-C® connection to peripherals and even another laptop or tablet. Through the Smart Cable, users can control two devices using a single keyboard, mouse, or touchpad, edit data and documents on each device and even share screens.

Pricing and Availability3

Lenovo ThinkCentre M75t Gen 5 will not be available in North America and will be available in select global markets.

Lenovo ThinkCentre M75s Gen 5 is now available May 2024 with an expected starting price of $709.

Lenovo ThinkCentre M75q Gen 5 is now available June 2024 with an expected starting price of $749.

About Lenovo

Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992)(ADR: LNVGY). To find out more visit https://lenovo.com and read about the latest news via our StoryHub.

1 Actual available internal memory and storage capacity are less and vary due to many factors, including formatting, partitioning and operating system, etc., which utilize part of this capacity. The available capacity may change with software updates.

2 Full details of Lenovo’s commitment to sustainability found at https://www.lenovo.com/us/en/about/sustainability/

3 Prices may not include tax and do not include shipping or options and are subject to change without notice; additional terms and conditions apply. Reseller prices may vary. On-shelf dates and color options may vary by geography and products may only be available in select markets. All offers subject to availability. Lenovo reserves the right to alter product offerings, features and specifications at any time without notice.

4 Optional Features

5 EPEAT-registered where applicable — see www.epeat.net for registration status by country.

6 Requires separately purchased Wi-Fi router and plan that may vary by location. Additional terms, conditions and/or charges apply. Connection speeds will vary due to location, environment, network conditions and other factors.

LENOVO, THINKCENTRE and THINKSHIELD are trademarks of Lenovo. AMD, Radeon, Ryzen and combinations thereof are trademarks of Advanced Micro Devices, Inc. TÜV is a registered trademark of the TÜV Rheinland Group. Wi-Fi is a trademark of Wi-Fi Alliance. USB Type-C® and USB-C® are registered trademarks of USB Implementers Forum. microSD is a trademark of SD-3C, LLC. All other trademarks are the property of their respective owners. ©2024, Lenovo Group Limited.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240416990902/en/


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Contacts
Pedro Chen
pchen25@lenovo.com

 

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