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ANSYS and Cummins Foster Academic Research and Innovation

Companies develop Center of Research and Intellectual Entrepreneurship at Cummins College of Engineering for Women

To encourage industry-ready simulation talent and resources, ANSYS and Cummins India Foundation are promoting women-led engineering research and simulation through the Center of Research and Intellectual Entrepreneurship (CeRIE). Funded by Cummins and ANSYS, CeRIE at the Cummins College of Engineering for Women (CCEW) in Pune, India, is one of the few facilities in the country to foster a culture of research and innovation for female engineers.

‘Intellectual Entrepreneurship’ is a philosophy and vision of education viewing academics as ‘innovators’ and ‘agents of change’. The center aims to inculcate a culture of research and innovations in faculty and students at CCEW and to act as a significant catalyst for promoting engineering research and simulation in the region, with emphasis on development of women engineers. This includes enhancement of faculty skills and development of technical expertise in areas relevant to the industry and global contribution to the fast development of disruptive technologies.

“CeRIE will promote industry-academia collaboration and address skill development and talent challenges in India,” said Rafiq Somani, Country Manager, South Asia Pacific and Middle East at ANSYS. “ANSYS is proud to enable a talented pool of highly-skilled female engineers with industry-ready resources. We are eager to see the simulation advancements and resulting innovations that come from CeRIE students.”

“Cummins has always been at the forefront when it comes to women empowerment at the workplace, and we have seen excellent contribution by our women employees in research and technology. Therefore, we are very happy to collaborate with ANSYS and look forward to creating an ocean of opportunities for students through this initiative. It will create a talent pool of highly-skilled women engineers and industry-ready resources,” said Mark Firth – Executive Director – Engineering & Chief Technical Officer, Cummins India ABO.

“CeRIE will encourage research at both undergraduate and postgraduate levels, and will be a great enabler for our college vision to be a globally renowned institute for imparting quality education and developing women engineers. We are thankful to Cummins India Foundation and ANSYS for setting up CeRIE,” said Dr Madhuri Khambete, Director, CCEW Pune.

About Cummins College of Engineering for Women

The Cummins College of Engineering for Women was set up by Maharshi Karve Stree Shikshan Sanstha (MKSSS) that has a century-long history dedicated to the upliftment of women by educating them and making them self-reliant for more than 100 years. Affiliated to the University of Pune, MKSSS Cummins College of Engineering for Women offers technical courses that have been approved by All India Council for Technical Education (AICTE), New Delhi. The mission is to develop women professionals who are academically and technically sound with strong ethics. The college offers all the facilities that are prerequisite for the smooth conduct of the courses.

For more information, visit:

Media Contact:
Noor Fathima
Sr. Account Executive
PRHUB Integrated Marketing Communication Pvt Ltd

SOURCE Cummins College of Engineering for Women (CCEW)

SmartCard Marketing Systems Inc (OTC:SMKG) Signs Joint Venture with DataTrax Technologies Inc a leader in Ticketing Solutions

The companies today announced a Joint Venture to integrate a content strategy for Ticketing from the most popular Theme Parks, Attractions, Harbour Ferries and Tour Operators globally. The deal creates a unique opportunity selling tickets to Authorized Travel Agencies in China to meet the high-demand from their customers.

Massimo Barone CEO stated “We are excited to enter into this JV with Peter at DataTrax as we are combining both technology solutions to deliver a powerful product strategy for the tourism market. This offering will set a new level of accessibility for ticketing through local Travel Agencies in Chinawhich are struggling to reserve and purchase packages for their customers. Our immediate advantage is with our Processors and Card Issuer partners in China which will facilitate the deployment to the Authorized Travel Agency network.”  

DataTrax President Peter Hilliard also stated “By working with SmartCard, DataTrax will be able to expand into areas that will benefit greatly from this joint venture. By allowing access to pre-purchased tickets validated on arrival, customers and users alike will be able to experience a smooth booking to boarding process. This joint venture will create seamlessness, simplicity and ease-of-use for both Travel Agents and customers looking to travel internationally.”

China Travel Market forecast

The group released its first Airports: China™ Traffic Forecast, in which it has predicted that the number of annual Chinese tourists to the United States will swell to more than 6.5 million by 2020, just under three times the 2.4 million tourists the United States saw in 2015. That means in five years, more than 23 million tourists will have visited the United States, and travel companies need to get ready to cater to them.

About DataTrax: Advanced Tour Operator Software & Solutions
DataTrax solutions are designed by tour operators, for tour operators. We know ticket sales are hard to manually track, and collecting accurate payments from your partners and sales agents can be guesswork.

We created DataTrax as a versatile tour software with reporting capabilities that allow tour operators to achieve real-time visibility to their business operations, reduce the cost of delivery to their clients, and achieve efficiencies previously unavailable through conventional approaches.

About SmartCard Marketing Systems, Inc.
SmartCard Marketing Systems Inc. (SMKG:OTC) is a Fintech advisory Co & solutions provider to the payments industry, delivering cloud-based EMV Host Acquiring & Issuing solutions to banks, telecoms and enterprise customers. In addition, the company’s in-house lab offers customers proprietary software solutions including, a coupon and incentive platform for the Retail & Events industry, a Remote Deposit Check solution for X9 clearing and, a transaction payment ecosystem for alternative payment solutions & processing. For more information, go to


SOURCE SmartCard Marketing Systems Inc (SMKG)

CONTACT:, 1-844-THE – PAYMENT,, CEO Massimo Barone


DowDuPont(TM) Merger Successfully Completed

DowDuPont™ (NYSE:DWDP) today announced the successful completion of the merger of equals between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”), effective Aug. 31, 2017. The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions — Agriculture, Materials Science and Specialty Products.

Shares of DuPont and Dow ceased trading at the close of the New York Stock Exchange (NYSE) on Aug. 31, 2017. Beginning today, DowDuPont will start trading on the New York Stock Exchange under the stock ticker symbol “DWDP.” Pursuant to the merger agreement, Dow shareholders received a fixed exchange ratio of 1.00 share of DowDuPont for each Dow share, and DuPont shareholders received a fixed exchange ratio of 1.282 shares of DowDuPont for each DuPont share.

“Today marks a significant milestone in the storied histories of our two companies,” said Andrew Liveris, executive chairman of DowDuPont. “We are extremely excited to complete this transformational merger and move forward to create three intended industry-leading, independent, publicly traded companies. While our collective heritage and strength are impressive, the true value of this merger lies in the intended creation of three industry powerhouses that will define their markets and drive growth for the benefit of all stakeholders. Our teams have been working for more than a year on integration planning, and — as of today — we will hit the ground running on executing those plans with an intention to complete the separations as quickly as possible.”

“For shareholders, customers and employees, closing this transaction is a definitive step toward unlocking higher value and greater opportunities through a future built on sustainable growth and innovation,” said Ed Breen, chief executive officer of DowDuPont. “DowDuPont is a launching pad for three intended strong companies that will be better positioned to reinvest in science and innovation, solve our customers’ ever-evolving challenges, and generate long-term returns for our shareholders. With the merger now complete, our focus is on finalizing the organizational structures that will be the foundations of these three intended strong companies and capturing the synergies to unlock value. With clear focus, market visibility and more productive R&D, each intended company will be equipped to compete successfully as an industry leader.”

Board and Governance

The Board of Directors of DowDuPont comprises 16 members – eight directors formerly on the DuPont Board and eight directors formerly on the Dow Board. There are two lead directors: Jeffrey Fettig, who previously served as the lead independent director for Dow; and Alexander Cutler, who previously served as the lead independent director for DuPont. Liveris serves as the executive chairman of the Board and Breen also serves on the Board. Other Board members include:

  • From Dow:
    • James A. Bell, Former Chief Financial Officer, Boeing
    • Raymond J. Milchovich, Former Chairman and CEO, Foster Wheeler AG
    • Paul Polman, CEO, Unilever PLC and Unilever N.V.
    • Dennis H. Reilley, Non-Executive Chairman, Marathon Oil Corp.
    • James M. Ringler, Chairman, Teradata Corporation
    • Ruth G. Shaw, Former Group Executive, Public Policy and President, Duke Nuclear
  • From DuPont:
    • Lamberto Andreotti, Former Chair of the Board and CEO of Bristol-Myers Squibb Company
    • Robert A. Brown, President of Boston University
    • Marillyn A. Hewson, Chairman, President, and Chief Executive Officer of Lockheed Martin Corporation
    • Lois D. Juliber, Former Vice Chairman and Chief Operating Officer of Colgate-Palmolive Company
    • Lee M. Thomas, Former Chairman and Chief Executive Officer of Rayonier Inc.
    • Patrick J. WardChief Financial Officer of Cummins, Inc.

Three Advisory Committees have been established by the DowDuPont Board, chartered to generally oversee the establishment of each of the Agriculture, Materials Science (Dow) and Specialty Products divisions in preparation for the separations. Additionally, each Advisory Committee will develop a capital structure in accordance with the guiding principles set forth in the Bylaws, and designate the future chief executive officer and leadership team of its respective intended company.

DowDuPont Officers

As previously announced, DowDuPont will be led by a proven leadership team that reflects the strengths and capabilities of both companies. Along with Liveris and Breen, it includes the following executives:

  • Howard Ungerleider, Chief Financial Officer
  • Stacy Fox, General Counsel and Corporate Secretary
  • Charles J. Kalil, Special Counsellor to the Executive Chairman, General Counsel for the Materials Science Division
  • James C. Collins, Jr., Chief Operating Officer for the Agriculture Division
  • Jim Fitterling, Chief Operating Officer for the Materials Science Division
  • Marc Doyle, Chief Operating Officer for the Specialty Products Division

Unlocking Value for All Stakeholders

By merging the highly complementary portfolios of Dow and DuPont and subsequently creating intended industry leaders, DowDuPont expects to maximize value for all its stakeholders.

  • Shareholders are expected to benefit from the stronger, focused investment profile of each intended company and substantial cost synergies, as well as from long-term growth and sustainable value creation following the intended separations into three independent companies. The transaction is expected to result in run-rate cost synergies of approximately $3 billion and the potential for approximately $1 billion in growth synergies. The company expects to reach 100 percent run rate on the cost synergies within the first 24 months of merger closing.
  • Customers will benefit from superior solutions and expanded product offerings. By combining the complementary strengths of Dow and DuPont, each intended company will be able to respond faster and more effectively to rapidly changing conditions with innovative products and greater choice.
  • Employees will benefit from being part of these intended highly focused and competitive industry-leaders, built for sustainable, long-term growth — which will create opportunities for our businesses and opportunities for our people.

Paths to Separation

Dow and DuPont leaders and integration teams are developing the future state operating models and organizational designs that will support the refined strategy of each intended company. Once each division has its own processes, people, assets, systems and licenses in place to operate independently from the parent company, DowDuPont intends to separate the divisions to stand within their own legal entities, subject to Board approval and any regulatory approvals. The intended separations are expected to occur within 18 months.

The intended companies are expected to include:

  • A leading Agriculture Company that brings together the strengths of DuPont Pioneer, DuPont Crop Protection and Dow AgroSciences to better serve growers around the world with a superior portfolio of solutions, greater choice and competitive price for value. The combined capabilities and highly productive innovation engine will enable the intended Agriculture Company to bring a broader suite of products to the market faster, so it can be an even better partner to growers, delivering innovation and helping them to increase their productivity and profitability. The intended Agriculture Company will be headquartered in Wilmington, Delaware, with global business centers in Johnston, Iowa, and Indianapolis, Indiana.
  • A leading Materials Science Company, to be named Dow that will consist of the businesses comprising the following current Dow operating segments: Performance Plastics, Performance Materials & Chemicals, Infrastructure Solutions and Consumer Solutions (Consumer Care and Dow Automotive Systems; Dow Electronic Materials is intended to go to the Specialty Products Company), as well as DuPont’s current Performance Materials operating segment. The intended Materials Science Company will offer the strongest and broadest chemistry and polymers toolkit in the industry, with the scale and competitive capabilities to enable truly differentiated solutions for customers in high-growth end markets, including packaging, transportation, infrastructure and consumer care. The intended Materials Science Company will be headquartered in Midland, Michigan.
  • A leading Specialty Products Company that will consist of powerful, market-leading businesses including DuPont Protection Solutions, Sustainable Solutions, Industrial Biosciences and Nutrition & Health, which will integrate the Health and Nutrition business from FMC pending the close of that transaction; as well as Electronic Technologies, which combines DuPont’s Electronics & Communications business with Dow’s Electronic Materials business unit. The intended Specialty Products Company will be an innovation leader composed of technology-driven specialty businesses with highly differentiated products and solutions that transform industries and everyday life. The intended Specialty Products Company will be headquartered in Wilmington, Delaware.

As announced, the DowDuPont Board is conducting a comprehensive portfolio review to assess current business facts and leverage the knowledge gained over the past year and a half to capture any material value-enhancing opportunities in preparation for the intended creation of industry-leading companies.

Klein and Company, Lazard and Morgan Stanley & Co. LLC served as Dow’s financial advisors for the transaction, with Weil, Gotshal & Manges LLP acting as its legal advisor.

Evercore and Goldman, Sachs & Co. served as DuPont’s financial advisors for the transaction, with Skadden, Arps, Slate, Meagher & Flom LLP acting as its legal advisor.

About DowDuPont

DowDuPont (NYSE: DWDP) is a holding company comprised of The Dow Chemical Company and DuPont with the intent to form strong, independent, publicly traded companies in agriculture, materials science and specialty products sectors that will lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges. For more information, please visit us at

Cautionary Statement About Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words.

On Dec. 11, 2015, The Dow Chemical Company (“Dow”) and E. I. du Pont de Nemours and Company (“DuPont”) announced entry into an Agreement and Plan of Merger, as amended on March 31, 2017, (the “Merger Agreement”) under which the companies would combine in an all-stock merger of equals transaction (the “Merger Transaction”). Effective Aug. 31, 2017, the Merger Transaction was completed and each of Dow and DuPont became subsidiaries of DowDuPont Inc. (“DowDuPont”). For more information, please see each of DowDuPont’s, Dow’s and DuPont’s latest annual, quarterly and current reports on Forms 10-K, 10-Q and 8-K, as the case may be, and the joint proxy statement/prospectus included in the registration statement on Form S-4 filed by DowDuPont with the SEC on March 1, 2016(File No. 333-209869), as last amended on June 7, 2016, and declared effective by the SEC on June 9, 2016 (the “Registration Statement”) in connection with the Merger Transaction.

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, including the intended separation of DowDuPont’s agriculture, materials science and specialty products businesses in one or more tax efficient transactions on anticipated terms (the “Intended Business Separations”). Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. Forward-looking statements also involve risks and uncertainties, many of which are beyond the company’s control. Some of the important factors that could cause DowDuPont’s, Dow’s or DuPont’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) successful integration of the respective agriculture, materials science and specialty products businesses of Dow and DuPont, including anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, productivity actions, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the combined operations; (ii) impact of the divestitures required as a condition to consummation of the Merger Transaction as well as other conditional commitments; (iii) achievement of the anticipated synergies by DowDuPont’s agriculture, materials science and specialty products businesses; (iv) risks associated with the Intended Business Separations, including those that may result from the comprehensive portfolio review undertaken by the DowDuPont board, changes and timing, including a number of conditions which could delay, prevent or otherwise adversely affect the proposed transactions, including possible issues or delays in obtaining required regulatory approvals or clearances related to the Intended Business Separations, disruptions in the financial markets or other potential barriers; (v) the risk that disruptions from the Intended Business Separations will harm DowDuPont’s business (either directly or as conducted by and through Dow or DuPont), including current plans and operations; (vi) the ability to retain and hire key personnel; (vii) potential adverse reactions or changes to business relationships resulting from the completion of the merger or the Intended Business Separations; (viii) uncertainty as to the long-term value of DowDuPont common stock; (ix) continued availability of capital and financing and rating agency actions; (x) legislative, regulatory and economic developments; (xi) potential business uncertainty, including changes to existing business relationships, during the pendency of the Intended Business Separations that could affect the company’s financial performance and (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as management’s response to any of the aforementioned factors. These risks, as well as other risks associated with the merger and the Intended Business Separations, are more fully discussed in (1) the Registration Statement and (2) the current, periodic and annual reports filed with the SEC by DowDuPont and to the extent incorporated by reference into the Registration Statement, by Dow and DuPont. While the list of factors presented here is, and the list of factors presented in the Registration Statement are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on DowDuPont’s, Dow’s or DuPont’s consolidated financial condition, results of operations, credit rating or liquidity. None of DowDuPont, Dow or DuPont assumes any obligation to publicly provide revisions or updates to any forward-looking statements regarding the proposed transaction and intended business separations, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.


CONTACT: Kow Sin Yee, Public Affairs, Southeast Asia, Dow Chemical Pacific (Singapore) Pte Ltd, Mobile: +65 9815 9557, Email:; Azham Zahid, Corporate Communications – ASEAN, DuPont Malaysia, Level 7, Menara CIMB, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia, Phone: +603-2859-0700, Mobile: +60193877299, Email:

Intec Pharma to Participate in BioCentury’s 24th Annual NewsMakers in the Biotech Industry Conference

Intec Pharma Ltd. (NASDAQ and TASE: NTEC) today announced that management will participate in BioCentury’s 24th Annual NewsMakers in the Biotech Industry Conference to be held on September 8, 2017 at the Millennium Broadway Hotel & Conference Center in New York City.

Date and Time of Presentation: Friday, September 8, 2017 at 10:30 a.m. Eastern time

Venue: Millennium Broadway Hotel & Conference Center

Format: Company presentation

Presenter: John Kozarich, Ph.D., Chairman of the Board of Intec Pharma

Dr. Kozarich’s presentation will be webcast live and can be accessed on the Investor Relations section of the Company’s website at

About Intec Pharma Ltd.

Intec Pharma is a clinical-stage biopharmaceutical company focused on developing drugs based on its proprietary Accordion Pill platform technology. The Company’s Accordion Pill is an oral drug delivery system that is designed to improve the efficacy and safety of existing drugs and drugs in development by utilizing an efficient gastric retention and specific release mechanism. The Company’s product pipeline includes two product candidates in clinical trial stages: Accordion Pill Carbidopa/Levodopa, or AP-CD/LD, which is being developed for the treatment of Parkinson’s disease symptoms in advanced Parkinson’s disease patients, and AP-CBD/THC, an Accordion Pill with the two primary cannabinoids contained in Cannabis sativa, cannabidiol (CBD) and tetrahydrocannabinol (THC), which is being developed for various indications including low back neuropathic pain and fibromyalgia.

Jeffrey A. Meckler
Chief Executive Officer
Intec Pharma Ltd.

Anne Marie Fields
Senior Vice President
LHA Investor Relations


SOURCE Intec Pharma Ltd.

The Broadway – A New Masterpiece of Design & Architecture

The Broadway, an exciting new mixed-use scheme from Northacre and Abu Dhabi Financial Group, located at the former New Scotland Yard headquarters in Westminster, is set to re-define how Londoner’s live, work and play. The Broadway will be nestled on the doorstep of the Capital’s most iconic landmarks. Situated within SW1, London’s most historic borough, the design of The Broadway’s 75,000 sq. ft site has been meticulously conceived by Northacre and acclaimed architects Squire and Partners.

Inspired by the Art Deco features of the neighbouring Grade I listed property, 55 Broadway, once London’s tallest office, Northacre and Squire and Partners studied the beautifully configured architecture of 1920’s jewellery, and its contemporary interpretations, as a creative direction for the development. The shapes and structures found in luxury retail form the concept for The Broadway’s interiors, and the buildings have been named after three of the world’s most revered diamonds: The Sancy, The Paragon and The Cullinan.

The Broadway’s six architecturally striking towers are set to complete in 2021 and will provide unrivalled views of The Houses of Parliament, Westminster Abbey, Big Ben, Buckingham Palace, the London Eye, Horse Guards Parade, St James’s Park and Green Park. The contemporary design of the scheme has been carefully considered to optimise its unique location and viewing experience for the occupants of its 285 apartments. The distinct latticed façade expands as it moves skywards, affording remarkable panoramic views and an impressive framework for the interior design.

The Broadway aims to create a sense of place and community through dynamic spaces such as a new 20,000 sq. ft public square and pedestrianised piazza. The site of The Broadway, once served as home to the verdant orchards of Westminster Abbey as well as two beautifully landscaped fourth-floor sky gardens, will link the six residential buildings, providing a floating oasis above the bustle below for all residents to enjoy. Grand, communal entrances have been planned across the scheme as well as state-of-the-art entertaining and meeting room spaces, creating a serendipitous community feel across the residential, commercial and retail aspects of the project.

Orlando Rodriguez, Design Director at Northacre comments:

“Creating a vibrant destination and community at The Broadway is at the centre of our vision for the scheme. We chose to locate a substantial new streetscape at the heart of the property as a central gathering point and to connect two main thoroughfares of the borough. This will then be fringed with a new and eclectic array of shops, cafes and restaurants.

“The Broadway delivers a new level of contemporary luxury living; a vibrant spectrum of layout, scale and form. The interiors have been carefully considered to take advantage of the dramatic quality of light created by the unique exterior and interior architectural design and provide a real sense of space alongside an elegant colour palette and contrasting textual effects. The calming, sensorial interiors, interjected with vibrant hints of colour, complement the iconic views that serve as an unrivalled backdrop to each residence.”

Reflecting the voluminous sense of scale synonymous with a Northacre development, the residential apartments offer a general floor to ceiling height of 2.7m, rising to 6m in duplex apartments. The Sancy, the Paragon and the Cullinan buildings have been designed in three carefully crafted colour palettes to complement their distinctly different facade treatments. The light, mid and dark palettes each offer a unique window frame design, accent wall colours, and crafted bronze panels in the kitchen.

As the area evolves into a new thriving business and leisure district for London, The Broadway will add 117,300 sq. ft of state-of-the-art office-space alongside its 25,000 sq. ft retail collection. Reflecting modern approaches to work and leisure, The Broadway has been designed with flexible retail and office space to accommodate the evolving requirements of its commercial tenants and their clients.

Michael Squire, founder of Squire and Partners comments:

“The design of The Broadway has been carefully considered as a unique and dynamic environment to inspire residents and tenants alike. Both Northacre and Squire and Partners are well known for creating contextual developments, sympathetic to the property’s surrounding area. Each of The Broadway’s buildings have been designed and positioned to protect the viewing corridors related to the neighbouring heritage assets, whilst the materials used have been chosen to reflect the sandstone and brick of the wider area.”

Northacre has a long history of specialising in landmark revival schemes and The Broadway, as a new mixed-use development, is being undertaken with the same meticulous ethos to create a legacy destination for generations to come.

For high-resolution images, please visit: Link

About Northacre

With 25 years of experience, Northacre is London’s leading developer of residences in the most sought-after locations in the Capital. With architecture at its heart, Northacre distinguishes itself through an intrinsic appreciation for craftsmanship, heritage and innovation. Each Northacre residence is created as a legacy project, to form something beautiful for generations to come. Northacre is responsible for some of London’s most notable developments including The Lancasters, The Phillimores, Kings Chelsea, and The Bromptons.

Alongside The Broadway, Northacre is currently developing No.1 Palace Street in St James’s Park, a magnificent scheme of 72 luxury apartments overlooking Buckingham Palace, set for completion in 2019. The Broadway, formerly the headquarters of New Scotland Yard, will be redeveloped to create six architecturally striking buildings providing an exemplary residential, commercial and retail offering with outstanding views, due for completion in 2021.

About Abu Dhabi Financial Group (ADFG)

Through its subsidiaries, ADFG provides an array of financial services and solutions, with a focus on private markets, public markets, debt and real estate. The Group’s expertise inspires an active approach, ensuring investments outperform expectations.

Since it was established, ADFG has expanded and evolved to deliver consistent returns to its clients, pursuing a strategy of opportunistic investments across a variety of sectors and geographies. This approach has enabled the firm to successfully adapt to variations in the macroeconomic climate in order to respond to investors’ changing needs.

Today, ADFG has assets under management in excess of $5bn, international offices in the UAE (Abu Dhabi and Dubai), the UK (London) and Eastern Europe (Podgorica), and has received widespread acclaim for its strong track record and pioneering approach to investing.

For further information on ADFG, visit

For further information and images, please contact:

Ruder Finn Asia

Kayley So

Charlene Wan

Tel:+852 2201 6475 / +852 6214 4734

Tel︰+852 2201 6438 / +852 6189 9495


Logo –

SOURCE Northacre


China (Guangdong) International Tourism Industry Expo 2017 to Open in Guangzhou on September 8

The China (Guangdong) International Tourism Industry Expo 2017 (CITIE) will be staged from September 8 to September 10 in Area A of China Import and Export Fair Complex. The Expo will house 4,500 standard booths across 90,000 m2 for exhibitors from 55 countries and regions and 22 Chinese provinces, municipalities, and autonomous regions. The number of new exhibitors is over 200, nearly twice of that in 2016.

Over 20 agencies from Thailand, the guest of honor, will participate in the Expo. Meanwhile, more than 50 enterprises from ten ASEAN countries will also be present at the Expo as a special Tourism Exhibition for the 50th anniversary of ASEAN will be held, which has won strong support from the dean of ASEAN Consular Corps in Guangzhou and Consul General of Malaysia in Guangzhou.

The “Premium Europe Pavilion” and the “Wonderful Japan Pavilion”, well-received among related countries, tourism bureaus, airlines and enterprises of tourism facilities, will fully demonstrate the charm of those tourist destinations. The popular Mass Tourism Outlet will include a “Fun Tourism Sale Area” formed by the traditional agencies and online travel agencies, and a “Luxury Cruise Exhibition Area,” selling popular domestic and international tourism products and routes that are either in season or open to booking.

The Expo, organized by the Tourism Administration of Guangdong Province, aims to boost the development of holistic tourism. Through the “Tourism+” strategy plus a pioneering systematic plan, a smart tourism exhibition will be built upon the combination of smart tourism, technical tools like VR, AR and smart ticketing, and leading global mobile payment and marketing platforms – Alipay and

Also held during the Expo are over 30 theme and professional activities. Highlights include the Holistic Tourism Promotion Conference, Guangdong Tourism Investment and Financing Conference, Annual Meeting of Members of China Hotel Supplies Association, and Guangdong Tourism and Hospitality Exchange.

Over 12 years of development, the Expo has evolved into an international professional tourism exhibition with the largest scale, the best market transaction and the most comprehensive range of products in China. Its influence and brand reputation are increasing at home and abroad. As data indicates, The China (Guangdong) International Tourism Industry Expo 2016 attracted 3,000 exhibitors, 22,000 professional buyers, and over 500,000 ordinary audiences.

SOURCE Tourism Administration of Guangdong Province

CONTACT: Ms. Li, Tel: 86 20 83107576

High Performance Fluoropolymers Market Worth 5.08 Billion USD by 2022

According to a new market research report High Performance Fluoropolymers Market by Type (FPTFE, FEP, PFA/MFA, ETFE), End-Use Industry (Industrial Processing, Transportation, Electrical & Electronics, Medical), and Region (North AmericaAsia PacificEurope) – Global Forecast to 2022″,published by MarketsandMarkets™, the market size is estimated to grow from USD 3.69 Billion in 2017 to USD 5.08 Billion by 2022, at a CAGR of 6.6%.

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Browse 63 Market Data Tables and 34 Figures spread through 128 Pages and in-depth TOC on “High Performance Fluoropolymers Market

Early buyers will receive 10% customization on this report

PTFE is most widely used resin type in the HPFs market

High performance fluoropolymers are of various types. PTFE, FEP, PFA/MFA, and ETFE are the main types considered in the report. The PTFE segment accounted for the largest market share, in terms of both value as well as volume, followed by FEP and PFA/MFA segments in 2016. The PTFE segment captures the largest market share due to its high demand in various applications, vast availability, and better properties For example; PTFE’s high chemical resistance makes it convenient for fittings and in equipment for chemical and food processing industries. In addition, it is used to manufacture products such as seals, piston rings, and bearings in the industrial equipment industry. It is available at a lower price as compared to other high performance fluoropolymers. It is also the most extensively used HPF for non-stick coating on pans and other cookware applications.

Ask for PDF Brochure @

Industrial processing segment projected to lead the HPFs market

High performance fluoropolymers are used in various end-use industries, such as industrial processing, transportation, electrical & electronics, medical, and others. The industrial processing end-use industry was estimated to account for the largest market share in 2016, in terms of value as well as volume, followed by transportation, electrical & electronics, and medical industries. This high demand in industrial processing is due to the high heat and chemical resistance properties of HPFs, which provide better efficiency over traditional materials in various applications in industrial processing. In this industry, HPFs are widely used in chemical processing, food production, textile processing, oilfield equipment, and pharmaceutical processing.

North America: The largest market for high performance fluoropolymers

North America is currently the largest market for HPFs owing to its fast pace of economic advancement and huge demand from a wide range of industries such as electrical & electronics, chemical, and automobiles. In addition, the increasing usage of HPFs in wire & cable and semiconductor production in the electrical & electronics industry to fulfill the increasing demand for high-speed data transfer over long distances is driving the market in the US. The US is the largest market for HPFs in the North American region.
Forces driving the market for HPFs in North America are:

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  • Presence of major manufacturers of HPFs in the region
  • Growing end-use industries, such as transportation, electrical & electronics, and medical in major countries such as the US and Canada


Key players in the High Performance Fluoropolymers Market are The Chemours Company (US), Daikin Industries, Ltd. (Japan), The 3M Company (US), Solvay SA (Belgium), Asahi Glass Co., Ltd. (Japan), The Dongyue Group (China), and Gujarat Fluorochemicals Limited (India).

Browse Related Reports

High Performance Plastics Market by Type (Fluoropolymers, High Performance Polyamide, PPS, SP, LCP, AKP, and PI), End-Use Industry (Transportation, Electrical and Electronics, Medical, Industrial), and Region – Global Forecast to 2026

PTFE Market by Form (Granular, Fine, Aqueous Dispersion, Micronized), By Application (Industrial Goods, Coating, Filled PTFE), By End Industry (Chemical, Automotive, Medical, Food, Textile, & Others), By Geography – Trends & Forecasts to 2018

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441

Visit Our Blog @
Connect with us on LinkedIn @

SOURCE MarketsandMarkets

AdsJack Introduces Next-gen Ad Placements and Mediation for Publishers to Maximize Their Revenue

First-of-its-kind customizable Ad placements with one-step integration

E Mind Computing today released India’s first-of-its-kind customizable Ad Placements and a robust Ad Mediation platform, AdsJack. Publishers no longer have to risk it with one Ad network, instead have multiple Ad networks compete to serve their inventory.

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With their innovative Ad placements, one can now create new Ad spaces for their app, to maximize their revenue, in the real sense. AdsJack enables one to utilize every action of the user on their mobile to serve non-obtrusive Ads while providing superior user experience. These are now available to all publishers globally.

Key Features for Publishers:

1. SDKs: Explore new ways to generate revenue. Highly interactive features and customizable, these SDKs aim to provide the best Ad spaces that are accountable and highly unexplored.

2. Mediation: With all Ad formats available and added customizable formats, AdsJack’s mediation platform offers everything needed to have their unparalleled Ad inventory from multiple networks serve users.

3. Targeted Ads: AdsJack is known to study user behavior and other factors before serving targeted Ads, which yield high eCPMs and a 100% fill rate.

4. Insights: The Insights they offer allow apps to take proactive steps to improve their Ad generation process across audience, device types and network usage scenarios.

E Mind Computing’s Founder, Phanendra Hanumanula says, “We want to enable the publishers to use our creative multi-functional Ad placements in combination with an unprecedented targeted precision Mediation platform to empower publishers and have Ad-driven revenue generated through multi-faceted tools we provide.” AdsJack is a product designed by publishers for publishers, and is the result of a thorough study of the challenges publishers are facing, which is why it remains the first choice for apps that need effective and immediate results.


About E Mind Computing:

Established in 2015, E Mind Computing is a product development company. Our ideas stem from the pain points, bridging the gap between a problem and its solution. Creating, designing and developing applications for both web and mobile platforms, we provide end-to-end solutions with the support of our in-house development team. We have the experience and ability to build innovative and useful apps/platforms that are essential in the ever-changing digital world by utilizing our technical and domain expertise, and methodological processes giving us an edge. Our expertise extends to both Android and iOS platforms.

Media Contact:
Bhavana Reddy
Manager – Marketing, E Mind Computing Pvt. Ltd.

SOURCE E mind Computing Pvt Ltd

Cellect Shares Will Be Traded From Next Week Exclusively on NASDAQ

Cellect Biotechnology Ltd. (Nasdaq: APOP), a developer of stem cells selection technology, announced today that from Monday, September 4, 2017, the Company shares will no longer be traded on the Tel-Aviv Stock Exchange (TASE) and all trading will migrate exclusively to the NASDAQ Stock Exchange in the US. All Israeli Cellect shareholders can easily migrate their holdings to be traded on NASDAQ by notifying their brokers and banks accordingly.

About Cellect Biotechnology Ltd. 

Cellect Biotechnology is traded the NASDAQ (NASDAQ: “APOP”, “APOPW). The Company has developed a breakthrough technology for the isolation of stem cells from any given tissue that aims to improve a variety of stem cells applications.

The Company’s technology is expected to provide pharma companies, medical research centers and hospitals with the tools to rapidly isolate stem cells for in quantity and quality that will allow stems cell related treatments and procedures. Cellect’s technology is applicable to a wide variety of stem cells related treatments in regenerative medicine and that current clinical trials are aimed at the cancer treatment of bone marrow transplantations.

Forward Looking Statements 

This press release contains forward-looking statements about the Company’s expectations, beliefs and intentions. Forward-looking statements can be identified by the use of forward-looking words such as “believe”, “expect”, “intend”, “plan”, “may”, “should”, “could”, “might”, “seek”, “target”, “will”, “project”, “forecast”, “continue” or “anticipate” or their negatives or variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical matters. For example, forward-looking statements are used in this press release when we discuss the anticipated benefits of a sole listing on Nasdaq. These forward-looking statements and their implications are based on the current expectations of the management of the Company only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; we may encounter delays or obstacles in launching and/or successfully completing our clinical trials; our products may not be approved by regulatory agencies, our technology may not be validated as we progress further and our methods may not be accepted by the scientific community; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products; unforeseen scientific difficulties may develop with our process; our products may wind up being more expensive than we anticipate; results in the laboratory may not translate to equally good results in real clinical settings; results of preclinical studies may not correlate with the results of human clinical trials; our patents may not be sufficient; our products may harm recipients; changes in legislation; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in Cellect Biotechnology Ltd.’s Annual Report on Form 20-F for the fiscal year ended December 31, 2016  filed with the U.S. Securities and Exchange Commission, or SEC, which is available on the SEC’s website, and in the Company’s period filings with the SEC and the Tel-Aviv Stock Exchange.

Cellect Biotechnology Ltd.
Eyal Leibovitz, Chief Financial Officer
+ 972-9-974-1444

SOURCE Cellect Biotechnology Ltd.

ZK International Group Co., Ltd., to Commence Trading on NASDAQ Under the Symbol ‘ZKIN’

ZK International Group Co., Ltd. (‘ZK International’) (NASDAQ: ZKIN), a manufacturer and engineer of high-performance stainless steel products for sophisticated water and gas pipeline systems predominately in China, announced that its ordinary shares will commence trading on The NASDAQ Capital Market under the symbol ‘ZKIN’ today, September 1, 2017.

Jiancong Huang, Chief Executive Officer of ZK International, commented, “On behalf of our dedicated employees, partners, and shareholders, we are thrilled to achieve this significant milestone for ZK International and our shareholders. I want to thank Boustead Securities, our legal counsel Ortoli Rosenstadt LLP and the NASDAQ for their support. We look forward to communicating our future progress to the investment community.”

On August 30, 2017, ZK International announced the closing of its initial public offering of 1,068,346 ordinary shares at a public offering price of $5.00 per share. ZK International received $5,341,730 in gross proceeds before underwriter’s commission and expenses.

The registration statement relating to the securities being sold in the offering was declared effective by the Securities and Exchange Commission on June 30, 2017. This offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from: Boustead Securities, LLC, Attention: Equity Capital Markets, 6 Venture, Suite 325, Irvine, CA 92618 USA,, or by telephone at +1 949 502 4409.

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

Boustead Securities acted as the sole underwriter for the offering. Ortoli Rosenstadt LLP acted as US counsel, Mourant Ozannes acted as BVI counsel and Gaopeng and Partners acted as PRC counsel to the Company, respectively. Hunter Taubman Fischer & Li LLC acted as counsel to the underwriter.

For further information on the Company’s SEC filings please visit

About ZK International Group Co., Ltd.

ZK International is a manufacturer and engineer of high-performance stainless steel products for projects that require sophisticated water or gas pipeline systems. Leveraging its expertise, ZK International caters its products to infrastructure projects by urban planners, real estate developers, local governments and municipalities to bring communities reliable and durable gas and water transmission systems. The Company’s products including double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings and single-press tubes and fittings, are sold predominately in China, but are also exported and distributed in Europe and Southeast Asia. For more information please visit

About Boustead Securities, LLC

Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States and around the world, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. For more information, visit

Safe Harbor Statement

This news release contains forward-looking statements, including without limitation statements regarding the use of proceeds received in ZK International’s initial public offering.  Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are described more fully in ZK International’s registration statement on Form F-1 that was filed with the SEC.  Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Company Contact:

Di Chen, Board Secretary
PH: +86 0577-55560315

Investor Contact:

KCSA Strategic Communications
Valter Pinto, Senior Vice President
PH: +1 (212) 896-1254

Boustead Securities, LLC Contact:

Dan McClory, Managing Director, Head of China, and Head of Equity Capital Markets
+1 (949) 502-4408

SOURCE ZK International Group Co., Ltd.

42Gears Partners With IDAT to Manage M-DATS Fleet Dispatching Solution

42Gears Mobility Systems, a front runner in the Enterprise Mobility Management (EMM) industry announces that it has entered into a partner agreement with IDAT, a Dispatching Solution Independent Software Vendor (ISV). IDAT works for non-emergency medical transport, paratransit and taxi service providers.

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42Gears Mobility Systems, which was recently mentioned in the Gartner Hype Cycle report, 2017 as a sample vendor, will now be working with IDAT to offer EMM features along with their Dispatching Solution platform.

IDAT Solution offers M-DATS transport management software with a reliable, easy-to-grasp user-interface. The solution is available as native mobile apps for iOS and Android. The M-DATS platform not only delivers top-notch service technology wise, but also helps non-emergency transport companies solve problems such as billing, claims and invoicing, route optimization, GPS tracking and brokerage integration. M-DATS offers employee management features to improve operational efficiency as well.

Ralf Schmidt, EMM Head of Sales, 42Gears said, “This is a key partnership for both IDAT and 42Gears. Combined with the EMM capabilities of 42Gears products, IDAT Solutions will be able to provide a complete dispatch solution to companies offering transport services. For 42Gears, it will be another step towards serving the transportation business, which is a major industry channel.”

About 42Gears:

42Gears Mobility Systems provides SaaS and On-premise EMM solution. It offers enterprise-ready products to help companies secure, monitor and manage enterprise mobile devices. More than 7000 customers across 106 countries use 42Gears for BYOD and Company Owned Device deployment scenarios. 42Gears products are used in verticals like healthcare, manufacturing, logistics, education and retail. For more information, please visit

About IDAT:

IDAT Solutions is revolutionizing how the transportation industry is managing their assets today. They provide modern, efficient, and simple computer-aided fleet dispatching solutions through cloud-based services which harness the power of mobile devices. This opens the door to smaller and growing businesses which traditionally could not have the same powerful tools as larger companies and corporations.

Media Contact:
Manisha Singh
Senior Manager
42Gears Mobility Systems

SOURCE 42Gears Mobility Systems

Grain Analysis Market Worth 2,323.1 Million USD by 2022

The report “Grain Analysis Market by Grain Type (Cereals, Oilseeds, Pulses), Target Tested (Pathogens, Pesticides, GMO, Mycotoxins), Technology (Traditional, Rapid), End Use (Food, Feed), Component, and Region – Global Forecast to 2022“, published by MarketsandMarkets™, the market, by services, is projected to reach USD 2,323.1 Million by 2022, at a CAGR of 5.8% from 2017 to 2022. The Grain Analysis Market, by equipment, is projected to reach USD 761.7 million from 2017 to 2022. The market is driven by increase in outbreak of foodborne illnesses, globalization in grain trade, and stringent safety & quality regulation for food & feed. Lack of coordination between market stakeholders and improper enforcement of regulatory laws & supporting infrastructure in developing economies are the major restraints for this market.

Browse 66 Market Data Tables and 43 Figures spread through 150 Pages and in-depth TOC on “Grain Analysis Market – Global Forecast to 2022”

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Early buyers will receive 10% customization on reports

Cereals is projected to be the fastest-growing segment during the forecast period

The market for cereals is projected to be the fastest-growing grain type from 2017 to 2022. The high demand for cereals can be attributed to their large-scale production and trade along with higher testing of pathogens, mycotoxins, GMOs, allergens, heavy metals, and other contaminants in this segment.

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The mycotoxins segment is estimated to be the largest market in 2016

The Grain Analysis Market, by target tested, was dominated by the mycotoxin segment in 2016. This is due to the fact that mycotoxins are chemically stable at high temperatures, and therefore can travel all the way through the food supply chain causing various safety incidences due to which their occurrence in grains is most prevalent.

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Rapid technology is projected to be the fastest growing market during the forecast period

The rapid technology is projected to be the fastest-growing during the forecast period due to low turnaround time, higher accuracy, sensitivity, and ability to test a wide range of contaminants in comparison to traditional technology.

Asia Pacific is projected to be the fastest-growing market during the forecast period

The market in the Asia Pacific region is driven by the growing consumer awareness and increasing health consciousness coupled with growing investments by testing companies in the region. Also, Asia Pacific is the largest feed consumer in the world as it has the largest livestock population and therefore expected to grow the Grain Analysis Market for feed as well.

This report includes a study of marketing and development strategies, along with the services & product portfolios of leading companies. It includes the profiles of leading service companies such as SGS SA (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), TÜV SÜD (Germany), ALS Limited (Australia), among others. It also includes profiles of leading equipment providing companies such as Thermo Fisher Scientific, Inc. (US), Shimadzu Corporation (Japan), Waters Corporation (US), and AB Sciex (US).

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GMO Testing Market by Trait (Stacked, Herbicide Tolerance, Insect Resistance), Technology (Polymerase Chain Reaction, Immunoassay), Crop Tested, Processed Food Tested, and Region – Global Forecast to 2022

Top 10 Food Safety Testing and Technologies Trends (Food Safety, GM Food Safety, Food Pathogen, Meat Speciation, Food Authenticity, Pesticide Residue, Mycotoxin, Allergen, Water, and Bottled Water) – Global Forecast to 2022

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Rohan
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441

Visit Our Blog @
Connect with us on LinkedIn @

SOURCE MarketsandMarkets

Ultra-luxury Project Raheja Exotica – Sorento Located at Madh Island

– 4th phase achieves distinction of receiving OC on completion before promised deadline of October 2017

– Raheja Universal receives OC for 4th project in a row before deadlines

Mumbai-based developer Raheja Universal has beaten the RERA and GST deadline and received an occupancy certificate for Raheja Exotica – Sorento, the 4th phase of their ultra-luxury project Raheja Exotica located at Madh Island. Sorento had a delivery date of October 2017 but received its OC in April 2017. As the project has received the OC, customers buying a ready-to-move-in property from them will not have to pay service tax and VAT (or GST, as and when applicable) which amounts to a saving of a minimum of 5.5% on the base cost.

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Expressing his views on the same, Mr. Ashish Raheja, Managing Director, Raheja Universal, said, “Raheja Exotica – Sorento is an offering that brings together our years of experience in combining great quality and superior offerings along with exotic locations that provide the buyers an experience that is unparalled. This project evangelizes the second home concept to buyers who get the advantage and benefits of a city, sans the perils that come with a home situated outside the city.

He added, “The principle of delivering on time and keeping our buyers happy is something we constantly strive for as is reflected in our other projects that have been completed well within the promised deadlines. Raheja Universal has benchmarked luxury living concepts and continues to go all-out in delivering homes that enhance the lifestyle of our customers.”

‘Raheja Exotica – The Ocean City’ at Madh Island, Mumbai carves out one of Mumbai’s most luxurious edifice ‘Raheja Exotica – Sorento’ in the midst of an entire township project developed across 22,000 of magnificence. The opulence is mirrored through an elegant designer cluster of ownership villas, condominiums and modern styled apartments. ‘Raheja Exotica – Sorento’, has a fresh grandeur breathing beauty and serenity beyond the fast and furious pace of life.

With state-of-the-art amenities, ‘Raheja Exotica – The Ocean City’ is well connected to the mainland. The serene expanse of the Madh Island is mapped and connected to Versova by ferry, along with 25 minutes of drive through greens by road from Mindspace, Malad (W). With life and infrastructure in Mumbai getting upgraded at a fast pace, there is a proposed bridge connecting Versova to Madh reducing the travel time of the affluent travellers’ to half. Also, the proposed Coastal Road is perceived to make south Mumbai more accessible and bring Madh Island even closer to mainland Mumbai. Equipped with 37 amenities in five demarcated branded zones to provide a holistic lifestyle, The Ocean City promises consistent extravagances in all aspects. The amenities provided to residents in the project include operational club house, swimming pool, rejuvenating spa, squash court, Cafe Lagoona, gymnasium, well-equipped business centre, multipurpose banquet, games room, high-end security services, 24/7 assistance, housekeeping and laundry, food court with kitchen, supermarket, medical centre etc. The five zones include Ocean City park, Club Exotica, Vista – The Sky Avenue, Score – The activity zone and DownTown – The town centre.

For a lifetime experience and to retire into the lap of luxury, the twin towers of Raheja Exotica – Sorento create extravagance with hi-rise above 36 storeys into the sky. The towers with 376 apartments are spacious and perfectly styled in configurations of 2 BHK (843 sq ft carpet onwards), 3 BHK (1119 sq ft carpet onwards) and 4 BHK (1828 sq ft carpet onwards) apartments that promise to give a spectacular view of the calm and peaceful Arabian Sea. The modestly priced luxurious project offers 2 BHK starting from 1.85 Crore. Spacious 3 BHK is listed at 2.25 Crore and 4 BHK in the grand scheme of design stands at 3.33 Crore onwards. It is specifically designed by keeping the second-home concept in mind pleasing the achiever and affluent.

About Raheja Universal Limited

Raheja Universal is a leading real estate developer catering to the mid- to high-end luxury housing segment and commercial property in India. Headed by Mr. Suresh Raheja and his sons Rahul and Ashish Raheja, the company has completed development of over approximately 8.34 mn sq. ft. of real estate across 53 premium projects in the Mumbai Metropolitan Region (MMR) region. Raheja Universal is known for its excellent execution, planning, monitoring and control. The company is backed by an experienced and qualified team of professionals who have the ability to identify land and develop projects with potential for capital appreciation.

The company has completed some landmark residential projects which include One Altamount Road, Raheja Anchorage, Raheja Atlantis, Raheja Legend, Raheja Empress, Raheja Sunkist, Raheja Exotica I and II and Raheja Acropolis I and ll. The commercial projects include Raheja Chromium, Raheja Centre-Point, Raheja Plaza, Raheja Titanium and Stanchart Tower.

For more details, visit

Media Contact:
Mr. Nikhil Wilanker
Asst. Manager – Marketing
Raheja Universal Pvt. Ltd

SOURCE Raheja Universal (Pvt.) Ltd

European XFEL: World’s Largest X-ray Laser to Launch in Hamburg

From 1 September 2017the European XFEL  the worlds biggest X-ray laser  will be in regular operation. The €1.22 billion research facility in the Hamburg Metropolitan Region involves eleven European countries.

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The facility is a project of superlatives: with 27,000 X-ray laser flashes per second and a luminance a billion times higher than that of the best conventional X-ray sources, XFEL will open up entirely new research opportunities and help transcend the current boundaries of scientific research. It will enable international scientists to decipher the molecular composition of viruses and cells, take three-dimensional images of the nanoworld, film chemical reactions and study processes occurring deep inside planets. XFEL will help develop e.g. new medication and new materials.

This Friday, the facility will be launched by Germany’s Research Minister Johanna WankaHamburg’sFirst Mayor Olaf Scholz, Schleswig-Holstein’s Science Minister Karin PrienRussia’s Presidential Advisor Andrei Fursenko, French Research Minister Frédérique Vidal and other high-ranking representatives. They will be joined by several external researchers, who are currently preparing for their first experiments in mid-September.

XFEL is a non-profit organisation that closely collaborates with DESY Hamburg and other international institutions. It employs about 300 people. With a cost of €1.22 billion for construction and launch and a 3.4-kilometre tunnel system that extends to the state of Schleswig-Holstein, it is among Europe’sbiggest and most ambitious research projects. Eleven countries are involved: DenmarkFranceGermanyHungaryItalyPolandRussiaSlovakiaSpainSwedenSwitzerland; the UK is in the process of joining. For Hamburg as a science and business location, XFEL marks a further step in establishing itself as an international innovation hub.

More about XFEL:
More on Hamburg

Hamburg Marketing
Guido Neumann

European XFEL GmbH
Dr Bernd Ebeling


SOURCE Hamburg Marketing GmbH

SHARP AQUOS 8K Simultaneously Launched in Four Regions Worldwide

At a grand premiere titled “Horizon Broadened: SHARP 8K Ecosystem” held in Shanghai, SHARP announced the simultaneous launch of its AQUOS 8K TV in ShanghaiTaiwanTokyo, and Berlin, while hosting other events, including the SHARP Day at Tmall super brand event, a cross-industry forum on 8K, and a press conference for SHARP 8K Ecosystem, which is a core strategy of the company. With the help of Foxconn Group, the 8K Ecosystem is now available in international markets, bringing a new chapter to human lifestyle standards with the 8K imaging technology.

World’s First 8K TV Enters Consumer Market: 8K Ecosystem Accelerated

As technological competition is strong in the color TV industry, SHARP has taken the lead in launching its 8K TV, meaning 8K technology is now available in the public market. The 8K Ecosystem is expected to accelerate intelligent transformations in everyday life. At the cross-industry forum, attendees agreed that the 8K technology offers great potential in applications like precision industrial manufacturing, audio and video, healthcare, and education. Both SHARP and Foxconn believe that the 8K technology will revolutionize the human lifestyle. At the premiere event, SHARP announced the deployment of its 8K Ecosystem ranging from 8K film shooting to 8K content editing, storing and transferring, and 8K broadcasting, forming a full industry chain. SHARP also announced that it will participate in the construction of a key project in Shenzhen, China: Foxconn’s Global R&D Center for Future Display Technology and Innovative Applications in 2017, where SHARP will further sharpen the competitive edge of 8K TV by testing 8K + 5G applications.

Believing that the 8K imaging technology is one of the cornerstones for the “Made in China 2025″ initiative and is crucial to improving human life in the future, both SHARP and Foxconn hope to leverage 8K + 5G to revolutionize education, entertainment, social groups, security, healthcare, purchasing, transactions, and environmental protection. The 8K ultra high definition display is bound to bring technological breakthroughs for video calls, online shopping, and big data of real-time traffic, spanning the last gap between the real and the virtual world.

Horizon Broadened: An Audio and Visual Gala with SHARP AQUOS 8K TV

Thanks to SHARP’s classic design and Foxconn’s outstanding manufacturing, the SHARP AQUOS 8K TV presents a striking appearance, accentuated by aviation-grade aluminum alloy for the frames, lower bar, and base as well as surface brushing and mirror polishing. Three groups of speakers built into the SoundBar work with two groups of woofer speakers and four high-power speakers with optimal back bass sound that are installed behind the TV, producing super bassy sound. With the sonic vibration eliminating design, the 8K TV boasts a marvelous sound effect with an extraordinary range. Without any additional sound system, the TV can perform as a family cinema thanks to its surround sound, Yamaha Audio Engine, and DTS 2.0 technology.

Identified by the fourth Research Institute of Video affiliated with China’s Ministry of Industry and Information Technology, the 8K ultra-high definition technology can produce the most detailed visuals ever displayed on an 8K LCD panel. With images indistinguishable from the real thing, the 8K technology has broadened people’s belief in what can be perceived. SHARP also utilize its world-leading picture quality technology, such as Dynamic Highlight display, to guarantee a visual gala on the 8K TV. The new edge-lit backlighting technology renders dimming and brightness on different sections of the picture, achieving a darker or brighter effect. The compatibility with both Dolby Vision HDR and BDA-HDR enables the 8K TV to have brighter and more vivid colors. With automatically set brightness and contrast for each frame, the 8K TV ensures that the experience is as if being immersed into a new reality. Moreover, the 8K TV has an excellent contrast ratio and wide color gamut due to a fluorescent molecular imaging technique, marking a great choice for an exciting life.

SHARP Shines at TmallSuper Brand Event: Preempting 8K Market

The Internet exerts an increasingly growing influence on customers’ recognition of products. SHARP participated in the super brand event held by Tmall, the biggest e-commerce platform in Chinaboasting a considerable customer base, and hogged the spotlight with its quality lifestyle. The super brand event is aimed at promoting single brands and helping customers to find their favorite brands. Based on Tmall’s huge page views and abundant resources, SHARP has launched a precise marketing campaign to target customers. This innovative marketing embodies the attractive 8K smart home, opening a new chapter for consumption upgrading.

SHARP, dedicated to technological innovation, is bringing the best products to customers, thanks to the excellent manufacturing of Foxconn and the super brand event held by Tmall, triggering a radical change to public life. The newly launched 8K TV and 8k Ecosystem flag SHARP’s commitment to its customers, also expressing the concept of choosing SHARP for an ideal life.


CONTACT: Xiaoni Zhou, +86-186-2061-9411

IFA 2017 – Global Leading Consumer Electronics Show Opens in Berlin

– Video footage of IFA is available at IFA Global Broadcast Center

IFA in Berlin is the world’s leading trade show for consumer electronics and home appliances. It takes place from September 1 – 6 at the Berlin Exhibition Grounds.

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Global leading Brands present their home electronics products. Numerous innovations and premieres are presented at IFA and attract a big crowd each year. With IFA Global Markets an additional space is added at STATION Berlin from September 3 – 6 for retailers and buyers.

More than just a trade show, IFA offers a variety of fun and entertainment for its visitors. The outdoor area with IFA Sommergarten features concerts and stage program. Looking into the future of the industry, for the first time in 2017 an innovations platform is held as part of the show. IFA NEXT brings together researchers, industry professionals, start-ups and retailers for a transfer of knowledge and information. Together with IFA+ Summit and Keynotes IFA NEXT offers a central event for professional exchange.

Journalists from all over the world will be on site to report about new trends and developments of the industry. Smart Home, Connected Car, Virtual Reality and the Internet of Things are main topics of IFA 2017.

Media partner of IFA produces comprehensive video footage of IFA 2017 for media journalists, hosted on IFA Global Broadcast Center. Impressions of the opening gala, trade show footage and expert as well as exhibitor interviews can be downloaded here:

Hannes Dollinger
Producer GmbH, Oberländer Ufer 180-182, 50968 Köln
Tel.: +49(0)221-78-87-95-40
Tel.: +49(0)179-79-98-506
Fax: +49(0)221-78-87-95-90


Mahindra Comviva Signs an Agreement to Acquire Emagine International

Enhances its Customer Value Management Suite While Expanding its MobiLytix™ SolutionsPortfolio

Mahindra Comviva, a global leader in mobility solutions, has signed an agreement to acquire Emagine International for an undisclosed value. Emagine International is a specialist provider of real-time, contextual marketing solutions and managed business intelligence services.

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Customer Value Management represents an unprecedented opportunity for business value creation. Acquisition of Emagine significantly enhances Comviva’s strengths and in addition to the technology and solution capabilities of both companies, matured managed marketing services will further enable Comviva to deliver enhanced customer value. Emagine’s acquisition will strengthen Comviva’s in-region capabilities to deliver end-to-end solutions to customers. It also adds a number of impressive customers, including Optus, 9 Mobile (formerly Etisalat Nigeria), Virgin Mobile, Vodacom and Vodafone Australia to Comviva’s portfolio.

Comviva also announced the appointment of David Peters, Chief Executive Officer, Emagine International and Amit Sanyal, Business Head, customer value management practice, Comviva, as the Executive Heads of the combined business.

Commenting on this, Manoranjan Mao Mohapatra, CEO, Mahindra Comviva said, We are delighted to join hands with Emagine as it will greatly enhance our ability to capitalize on the exploding demand for consumer analytics solutions. Comviva is focused on ensuring a leadership position in this space. With this, we are well positioned to deliver accelerated revenue growth to all our stakeholders.

Speaking on the occasion, David Peters, CEO, Emagine International said, “Were confident that the combined strengths, services expertise, and talent of our companies will bring greater end-to-end capabilities of products and services for telecom operators, delivering greater value to all our existing customers globally, and opportunities for accelerated growth.

Founded in 1998, Emagine International is a leading provider of real-time contextual marketing software and managed marketing services for communication service providers. Emagine enables global telecom operators to reduce churn and generate net incremental revenue from their customers. This is achieved through intelligent real-time campaigns and interactions that are personal, relevant and timely – true ‘Marketing To One®’. Emagine has developed a game-changing decisioning platform called (Real-time Event Decisioning). It is an advanced, real-time decisioning platform, which enables operators to capture a customer’s attention and move them to action in micro-moments. This, in turn, is expected to maximize both customer experience and incremental revenue.

About Mahindra Comviva

Mahindra Comviva is the global leader in providing mobility solutions. It is a subsidiary of Tech Mahindra and a part of the USD 19 billion Mahindra Group. With an extensive portfolio spanning mobile finance, content, infotainment, messaging and mobile data solutions, Mahindra Comviva enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Its mobility solutions are deployed by over 130 mobile service providers and financial institutions in over 95 countries, transforming the lives of over two billion people across the world.

For more information, please visit

For further enquiries, please contact:
Sundeep Mehta
Global PR & Corporate Communications
Mahindra Comviva
Contact: +91-124-481-9000

SOURCE Mahindra Comviva

Volvo Cars’ new XC40 Delivers a Confidence-inspiring SUV Designed for City Living

Volvo Cars, the premium carmaker, will bring a new standard of safety and user experience to the small SUV premium segment with the launch of the new Volvo XC40 this autumn.

To view the Multimedia News Release, please click:

Developed around the challenges of modern city life, the XC40 aims to make the daily urban commute less stressful and more enjoyable, as drivers in the segment can now rely on the award-winning safety, connectivity and infotainment technologies known from Volvo’s acclaimed new 90- and 60 Series cars.

“The XC40 is our first car in this rapidly growing segment and has a clear focus on navigating today’s hectic city environments. Building on Volvo’s heritage as the leader in safety, the new XC40 will offer the best possible safety standards combined with an easy-to-use interface and convenient connected services,” said Håkan Samuelsson, president and chief executive.

The new XC40 is Volvo’s first car out on its new Compact Modular Architecture (CMA) and includes a range of ground-breaking technologies first introduced in its 90- and 60 Series siblings based on Volvo’s larger Scalable Product Architecture (SPA).

Volvo’s approach to safety and user experience builds on a philosophy it calls the Circle of Life: a constant improvement of standards and technologies, based on consumer insights and real life data.

Safety and driver assistance features offered on the XC40 include Volvo’s semi-autonomous Pilot Assist system, the latest generation of City Safety, Run-off Road protection and mitigation, Cross Traffic alert with auto brake and the 360° Camera that helps drivers manoeuvre their car into tight parking spaces. These and other technologies make the XC40 one of the best-equipped small premium SUVs.

“Modern city life presents complex challenges for drivers, pedestrians, cyclists and other road users. With the XC40, we aim to reduce the so-called cognitive load on the driver. While our safety and driver assistance systems actively identify and mitigate potential conflicts, you as a driver can relax more and therefore enjoy city driving,” said Malin Ekholm, Vice President Volvo Cars Safety Centre.

While the starting point for each new Volvo is the most advanced safety and driver assistance systems, the new XC40 also benefits from the high levels of safety and infotainment found in its larger stablemates.

“We built a confident, easy-to-use and convenient everyday user experience based on real-life interaction and research, starting from our foundation of leading safety. The XC40 is a car for a generation of consumers that expect full connectivity. All screens have been optimised for a safe, easy and efficient interaction, to support active city driving,” said Ödgärd Andersson, Vice President Vehicle Software & Electronics at Volvo Cars.

“Like the larger XC60 and XC90 SUVs, the XC40 features Volvo’s connected Sensus infotainment system, centred around the now familiar large, portrait-oriented touchscreen. Easy to use and intuitive, the Sensus interface allows drivers to access a host of functions and services,” concluded Ödgärd Andersson.

Note to Editors:

A picture/s accompanying this release is available through the PA Photowire. It can be downloaded from or viewed at or .

For further information, please contact:

Volvo Cars Media Relations
Phone: +46-31-596525

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SOURCE Volvo Car Group

Uoolu Released Global Assets Open Platform in South East Asia Press Conference to Connect Property Developers with Chinese Investors

Uoolu, a leading global real estate investment platform in China, launched its South East Asian press conference “The Next Era of Chinese Investors” in Bangkok, Thailand on Aug. 30, 2017. In this conference, Uoolu introduced its new product a global assets open platform Uoolu+ to connect Chinese investors with overseas real estate developers and related parties. A Report on Chinese Buyers’ Investment in Thailand Property was also released. Uoolu signed strategic cooperation agreements with more than 50 Thai developers including: Raimon land, Sena, Ananda, and Sansiri among others.

Huang Xiaodan, founder and CEO of Uoolu, introduced the development and strategy of Uoolu. In his address, he stated that Uoolu is designed to help erase the information gap between Chinese investors and the overseas property market, especially the Thai property market. He continued to say that by the end of July 2017, Uoolu has expanded its services into all provinces and autonomous cities in Chinawith an experienced team and advanced investment internet systems. Uoolu is also providing property listings from more than 20 countries to Chinese investors.

Vice president and partner of Uoolu, Zhang Yiwen, launched the new product Uoolu+, a global assets open platform. By registering with Uoolu+, assets and related services providers can list their assets and services for free as well as manage potential clients from Uoolu+ database independently. Property developers worldwide can connect with this group of HNWIs directly on the internet open platform Uoolu+.

At present, Uoolu has over 1 million Monthly Active Users and achieved over 2 billion RMBaccumulative GMV with investors coming from ten channels including media, e-commerce and financial websites. As a startup, Uoolu is fully recognized by capital and investing firms from China and Silicon Valley, and closed 50 million RMB of B round funding in June, 2017.

A data analysis report on Chinese investing in Thai properties was also published in the conference. This report contained a analysis of Chinese true preferences and demands in Thai properties, along with their user portraits and investing challenges ahead.

Selected as the country to release the conference, Uoolu thinks that the Thai property market is promising and is expanding more rapidly in the 2nd half year of 2017.

Photo –


CONTACT: Li Shanli, +86-186-1266-7689, +66-94-287-6359,

Trescon has Schneider Electric on Board as Partner for the Healthcare Future Tech Summit & Awards, 2017

Trescon, a global business events and consulting firm, today announced that it has Schneider Electricon board as the exclusive partner for the inaugural Healthcare Future Tech Summit & Awards, 2017.

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The summit is taking place on 21 September, 2017 at St. Regis, Mumbai. It is hosting international and regional Healthcare IT advisors who will help CIOs and IT heads learn and explore effective IT strategies for the Indian healthcare industry. It will also feature global innovators who will showcase their latest and the most evolved technologies in recent years that can help organisations become more efficient, affordable and accessible.

Schneider Electric believes that the healthcare industry needs to be cognisant of the dynamic demographic profile of the world and India, and respond to these changed requirements with effective technology tools. Going forward, disruptive technology will become a key competitive differentiator for the industry. Today’s healthcare consumers are increasingly using technology to give them more control over their healthcare decisions at home, and they expect the same level of control when they are patients in a hospital. Healthcare facilities need to accelerate digital adoption between their staff and hospital in-patients.

At the Summit, senior industry experts from life sciences and other industries will discuss trends, opportunities, challenges, product development and share market insights. These will also feature discussions centered on insightful perspectives and benchmark implementation strategies for IT systems, participated by business leaders and technology providers.

For more information about the summit, visit:

We are happy to partner with Schneider Electric as an associate. We believe we can leverage this strategic partnership for the betterment of life sciences industry in India and get it to a stage where it achieves the prosperity and significance it deserves, says Mr Mohammed Saleem, Chief Executive Officer, Trescon.

Schneider Electric India is honoured with the Aon Best Employers Award, 2017. The award comes as recognition for the futuristic and impactful people practices of the company which have been instrumental in inspiring strong commitment, deeper engagement and superior performance from the workforce.

Manish GokhaleDirector – Business Development, Schneider Electric India, said, “As our world becomes more connected, advanced technology is extending beyond patient care and into the hospital infrastructure itself. In particular, the Internet of Things (IoT) is changing the standard of information delivery and decision-making with insight into facility data that can be used to improve operational efficiency, patient satisfaction, and safety for all. Schneider Electric is happy to be at this event to showcase and present our latest offer of integrated solutions and expertise for healthcare facilities of all sizes. From energy management and building management systems to IT infrastructure and security solutions, our products improve patient experience, increase patient safety, and enhance operational efficiency.

About Trescon

Trescon is a global business events and consulting firm that provides wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon is specialised in producing highly focused B2B events that connect businesses with opportunities through conferences, road shows, expos, demand generation, investor connect and consulting services.

For more information, visit:

About Schneider Electric

Schneider Electric is the global specialist in energy management and automation. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this ‘Life Is On’.

For more information, visit:

For more information on the announcement, please contact:
Krunal Makwana
PR & MarCom Executive, Trescon
Direct: +91-80-3911-3950
Mobile: +91-9558888817

SOURCE Trescon Global Business Solutions Private Limited

Ready to pay? Just smile. Yum China launches new KPRO store in Hangzhou


Yum China Holdings, Inc. (“Yum China“) (NYSE: YUMC), today announced that it has launched a new restaurant concept, KPRO by KFC in Hangzhou, China. Designed to offer a fresh, seasonal menu to a new generation of sophisticated diners, the concept harnesses digital technology to provide a modern and fully immersive dining experience.

“We are excited to launch KPRO – an exciting and fresh new concept for young, tech savvy consumers who are keen to embrace new tastes and innovations,” said Joey Wat, President and Chief Operating Officer of Yum China. “Developed to cater to China’s burgeoning population of urban professionals, KPRO offers a creative, modern and seasonal menu with a wide range of dishes that are freshly made-to-order. The restaurant is also made for the digitally connected customers and integrates some of the latest technologies from mobile ordering to facial recognition payment.”

The KPRO menu features seasonal produce and an assortment of made-to-order salads, panini and roasted chicken, complemented by freshly squeezed fruit juice, gourmet coffee, craft beer and premium Cremia ice cream. The store is designed with a welcoming “greenhouse” layout and an open kitchen where meals are freshly prepared, creating a friendly and vibrant food market atmosphere.

A key feature of the new restaurant, is the integration of Alipay’s new “Smile to Pay” facial recognition payment solution, which enables customers to pay without the need to reach for their wallets. Alipay’s unique payment technology utilizes a multi-step authentication process, including a facial scan and mobile phone number, to verify the identity of customers and facilitate payment.

The integration of ‘Smile to Pay’ in the new KPRO restaurant in Hangzhou is the first commercial application of the facial recognition payment technology globally.

Yum China has a history of adopting innovative technologies to enhance in-store dining experience and we could think of no better place to pilot this advanced technology. Smile to Pay will bring another level of convenience for customers,” said Jidong Chen, Ant Financial’s director of biometric identification technology. “We are excited to introduce Smile to Pay to KPRO customers.”

“Elevating the customer experience through new design, flavors and technologies has always been central to our approach at KFC in China,” said Johnson Huang, General Manager, KFC. “We are excited to partner with Alipay to bring the world’s first commercial application of the facial recognition payment solution to our customers. With the adoption of the facial recognition payment solution, KPRO customers can experience this ground breaking technology while enjoying fresh and tasty meals prepared in our open kitchen.”

In addition to facial recognition payment, KPRO incorporates other cutting-edge technology throughout the restaurant to provide customers with a convenient and connected in-restaurant experience. With no traditional ordering counter, customers are able to ‘skip the queue’ by ordering at digital kiosks or using their mobile phones to scan QR codes and order at their tables. KPRO staff then serve the freshly prepared food directly to the tables – enabling customers to enjoy their experience, without distraction.

For more images and b-roll please click on the following links:

KPRO pictures:
KPRO b-roll:

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results to differ materially from those expressed or implied by forward-looking statements, including, without limitation: whether we are able to achieve development goals at the times and in the amounts currently anticipated, if at all, the success of our marketing campaigns and product innovation, our ability to maintain food safety and quality control systems, our ability to control costs and expenses, including tax costs as well as changes in political, economic and regulatory conditions in China. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions “Risk Factors” and “Forward-Looking Statements” in our Annual Report on Form 10-K) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc.

Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, China’s leading quick-service restaurant brand, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, which opened its first restaurant in China at the end of 2016. Yum China also owns the Little Sheep and East Dawning concepts outright. Yum China is well positioned for growth thanks to its strong competitive position, integration of its brands into Chinese popular culture and consumers’ daily lives, expanding geographic footprint in China and existing operational expertise. It has a strong capital position, no external debt and expects to continue growing its system sales and profit by adding new restaurants and through growing same-store sales. Yum China had more than 7,600 restaurants and more than 420,000 employees in over 1,100 cities at the end of May 2017. A new generation of younger consumers who are digitally sophisticated and brand driven are fueling growth in consumption in China. The ongoing growth of the middle class and urban population in China is expected to create the world’s largest market for restaurant brands, with Yum China poised to be the market leader.

Yum China Media Contacts:

Forest Liu, Director, Finance Media, at +86 21 2407 7505
Ben Fry, Brunswick Group, at +86 21 6039 6388

SOURCE Yum China Holdings, Inc

Music China: Asia’s Leader in Musical Instruments Fairs and Professional Activity Organising Services

Music China, known as one of the most reputable musical instruments fairs in the world, will be held on October 11-14, 2017 in Shanghai New International Expo Center.

Launched in 2002, jointly organized by China Music Instrument Association (CMIA), Shanghai Intex Exhibition, and Messe Frankfurt, Music China now is the largest musical instruments show in Asia. This year Music China will attract nearly 2,000 domestic and foreign exhibitors from 30 countries and regions. Assorted western and Chinese musical instruments will be presented in 11 halls and a 125,000 meters squared exhibition space.

To meet the substantial business growth, famous established brands, such as Marshall, Bluethner, Buffet, Fazioli, Fender, GEWA, Laney, Line 6, Ludwig, Orange, Roland, Selmer, Samick, Schimmel, Steinway, Tama, Yamaha, Pearl River, Hsinghai, Jinyin, Fengling, and Shanghai No.1 National Musical Instruments Factory, have confirmed to attend Music China 2017 for a breakthrough in their market.

To make Music China the most all-around platform for business from music instruments or related industries, various seminars and activities are offered. The most popular item, NAMM CMIA Industry Forum focuses on hot issues and future development trends of the industry. This year the topic of Promote community music making and music education will be discussed and will reflect the forefront of music education which is among the hottest content in present. Dealers Training Courses are also recommended, where the professional visitors can listen to the industry experts sharing their experience on business, sales, branding, management, new media usage and other hot issues.

Music China also plays a significant role in culture and education development. The 8th Global Forum on Chinese Traditional Music, Violin Art Salon, Jazz Masters Salon will show visitors the essence of various music styles. To exploit the music education market, we will set a music Education Programme where education organizations will present teaching models. Kids Music Land creates a new style of music study through lively activities. We combine technology and music to make a magic show in Music Lab and more than 600 live shows are prepared to give everyone an inspirational experience. A music carnival is ready to ignite everyone in the autumn.

For more details about Music China 2017, please refer to our official website Register open online now for free admission. We look forward to seeing you in Shanghai.

Miss Arlene Zhu

SOURCE Shanghai Intex Exhibition Co Ltd.

Pan Gang’s Strategy Leads Yili’s New Development

On August 30th, Yili Group, No.1 in Asia and a member of the top 8 worldwide in the dairy industry, released its financial report of the first half of 2017. According to the report, in the first half of this year, the Company achieved 33.494 billion yuan of total revenue, with a growth rate of 11.32% on a year-on-year basis; the net profit amounted to 3.368 billion yuan, with a 4.52% growth over the same period last year. Yili continues to lead the industry with its scale advantages in revenues, net profits as well as robust growth.

The Beijing Organising Committee for the 2022 Olympic and Paralympic Winter Games (“Beijing2022″) and Yili Group officially announced that, Yili Group will be the only official partner of dairy products for the Beijing 2022. Sticking to the idea of “Keep Climbing All the Way and Infuse Vigor into the Chinese Dream”, put forward by its Chairman Pan Gang, Yili rekindles the relationship with the Olympics and became the only healthy food supplier for both the Summer and Winter Olympic Games. Yili has created a new milestone of Chinese dairy industry.

The robust growth of Yili’s performance in the first half of this year is derived from Chairman Pan Gang’s clear-cut development strategies and accurate judgment of industrial trends as well as the trust from consumers. The high quality of Yili’s products serves as an important cornerstone for its cooperation with Beijing 2022, which turns Yili as the first healthy-food provider that meets the “Both Olympic” standards.

During the period of the report, Yili has upgraded the package and flavor of its room-temperature yogurt Ambrosial. With the launch of such popular new products as “Pro-Kido Formula Milk Powder for Infants and Young Children”, “Fermented Milk of JoyDay Flavor” and “PureDay Cheese Buttermilk”, the capacity for product innovation enables continuous growth.

“Yili represents the highest quality” is a fundamental creed set up by Chairman Pan Gang for the enterprise. Based on its own quality management system featuring “the participation of all the staff and in all the processes in an all-round manner” and the three-level food security risk monitoring, preventing and controlling system covering the “HQ, division and plants”, it leads its way in conducting monitoring, analysis, management and prevention of key points in food safety and quality control from source to end.

Quality is top on the agenda for Yili. Pan Gang proposed that innovation and globalization serve as “two wheels” to drive the strategic growth. On the one hand, Yili emphasizes the golden milk resources of the world, occupying the upstream industry chain. On the other hand, Yili gathers the world’s top intellectual resources to focus on conducting researches on the forward-looking subjects on nutrition and health as well as high-tech healthy food.

Pan Gang put forward the vision that, up until 2020, Yili will help 2 billion consumers across the world enjoy its nutritious and healthy products.


CONTACT: Zhuting Zhang, +86-138-1116-8469,

China’s Largest Gift & Home Fair Opening in Shenzhen this October

The 25th China (Shenzhen) International Gift and Home Product Fair, organized by Reed Huabo, is scheduled to be held from October 20 to 23, 2017, at Shenzhen Convention & Exhibition Center. As Asia’s premier and most anticipated sourcing event with more than 5,000 booths expected, the show will showcase top gifts, premiums and consumer products from around China and beyond.

Perfect timing to go to the China (Shenzhen) International Gift and Home Product Fair

October is perfectly timed for all of gift community and professionals to see, touch, play with and purchase over 500,000 products for the upcoming holidays, and to meet existing suppliers and connect with new ones too.

More than 2,500 exhibitors plan to display their manufacturing capabilities, showcase new trends, innovation, and a wide range of products and gather competitive intelligence to improve business.

Other highlights of the show are:

  • Maker Gallery — helping buyers to spot unique, creative and innovative products with high performance.
  • Design Studio — showcasing original designed products which won the Reddot Design awards or the IF Design awards.
  • Hall 8 — displaying the latest popular electronic appliances, smart home and 3C digital products, which are the most popular ones in gift industry.
  • Supported by over 10 governments and industrial associations, getting direct connection with manufacturing bases.
  • 70% of exhibitors are manufacturers, presenting qualified products with competitive price.
  • Co-located with the 3rd Shenzhen International Vape Expo at Hall 3, there will be activities including: New Product Release, Cloud Chasing Competition, Vaping Tricks Competition and Best eJuice Award etc.

Value-added services to foster trade between buyers and suppliers

  • Free translation for overseas buyers for 1 hour on-site.
  • Match-making for pre-registered buyers

Request these free services by contacting:

Opening hours for the show are:

  •     Oct. 20-22 from 9:00 a.m. to 5:00 p.m.
  •     Oct. 23 from 9:00 a.m. to 4:00 p.m.

About Reed Huabo

Reed Huabo — the most influential exhibition company in China, is a member company of Reed Exhibitions — the world’s leading event organizer, based in the UK. It is committed to leading the industry development and continuously creating values for customers from all over the world.

For more info, please visit us at:

Media Contact:

Lisa Li

SOURCE Reed Huabo Exhibitions

8btc Founder Chang Jia Discusses the Bitcoin Ecosystem and the Bytom Project

8btc founder Chang Jia was recently interviewed by (Q:, A: Chang Jia).

Q: As an early bitcoin adopter, can you imagine a world where bitcoin is widely used?

A: Once bitcoin is widely adopted, international traders won’t need to wait several days for a bank wire to clear. Once completing bitcoin’s six confirmation steps, the international remittance will be received. Wills, musical works, screenplays, academic papers and other copyrighted statements that need proof of existence can be maintained on blockchain. Even if you don’t want to use bitcoin as a means of exchange, you can use the bitcoin blockchain to transfer money and exchange bitcoins for US dollars and euros.

Q: What is the difference between 8btc’s Bytom and other ICOs? What are its application scenarios? What is its direct commercial value?

A: The leading differentiator with Bytom is that its project team and product orientation did not appear out of thin air. Members of the team are early adopters of blockchain who have been engaged in the sector for many years. Bytom is designed to solve real commercial needs.

Bytom’s application scenario will be focused on the registration and transfer of assets. Other public chain platforms are like Schweizer Messer that can be used in many business applications, whereas Bytom is more specific holding assets, including income rights, equity and securitized assets. The commercial value and advantages of blockchain technology when applied to assets are clear. For example, Bytom can provide transparent standards and auditing. Smart contracts leave permanent public records on Bytom, eliminating asymmetric information. The records cannot be changed or deleted. Traditional payment means and auditing firms are unable to attain such a high level of trust and security. Traditionally, the issuing of securitized assets must seek the support of a securities firm. These companies can only seek a subscription from an investor after they have signed a fundraising contract with a securities intermediary and complete a cumbersome application procedure.

Q: Will blockchain technology change the world in the same what that the internet did? Why?

A: Blockchain is absolutely an epoch-making technology. We see it as dominos in reverse and bitcoin is just the first domino that has stood up. It means we are finally building a bridge between the world of atoms and the world of bits where we can manage competitive resources. In the past, we struggled to prevent resources online from being replicated, or protect data from being tampered with or lost. From processing information to processing value, centralized server to peer-to-peer networks, TCP/IP to a decentralized consensus mechanism, big data and credit checking services dominated by oligopolies to managing our assets and credit by ourselves with a private key, more and more of these dominoes will take their place in the blockchain ecosystem. This is not only a technological innovation, but also an innovation in terms of concept and business logic.

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The Economist Events’ Innovation Summit 2017 discusses Asian innovation in a drawbridge-up world

The Economist Events proudly invites you to delve into innovations and technologies that are reshaping Asia’s industrial landscape at its annual Innovation Summit 2017 to be held at the JW Marriott in Hong Kong on September 21st 2017. Convening more than 180 C-suite executives, entrepreneurs and critical thinkers from Asia and beyond, the summit will discuss what’s next for the region’s innovators.

To view the Multimedia News Release, please click:

Vijay Vaitheeswaran, US business editor at The Economist, innovation evangelist, member of the World Economic Forum’s global agenda council on the economics of innovation, and conference chair, considers innovation:  “the most abused word in the English language”. For him, innovation is “fresh thinking that creates value”.

Asia must build on its economic strength by adopting savvy policies and regulations that support innovation to counter the effects of globalisation’s retreat. For China’s world-beating e-commerce platforms and hardware industry, India’s booming tech start-up sector and South-East Asia’sburgeoning social-media scene, innovation will be crucial to future growth. Speakers from government and business will share how they are driving innovation in and beyond their organisations, and charting new ways to create growth. The lineup includes:

  • Joseph Entulu, Minister in the prime minister’s department, Malaysia
  • Fanny Lwa Fan Chiu Fun, Member, HKSAR Executive Council
  • Jumain Appe, Director-general for innovation enhancement, Ministry of Research, Technology and Higher EducationIndonesia
  • Sam Fischer, President, Greater China and AsiaDiageo
  • Wiliam Fung, Group chairman, Li & Fung
  • Yutaka Sanada, Regional senior vice-president and head of operations, Asia and Oceania, Nissan Motor Corporation
  • Nadiem Makarim, chief executive officer, Go-Jek



This event will address questions such as:

  • What role can multinationals play in keeping minds and markets open as anti-globalisation sentiment sours the appetite for trade?
  • Can Asia exploit the growing closed-door mentality in the West and take leadership of global markets?
  • Is artificial intelligence worth the investment?
  • Can technology replace manufacturing as a key driver of growth in Asia’s developing economies?
  • Where does the next generation of entrepreneurs see Asia’s future opportunities?

Since 2010, The Economist Events’ Innovation Initiative has brought together leading thinkers and practitioners from around the world to envision what the company of the future will be like and contemplate how today’s companies can achieve the transformations necessary for them to flourish. The initiative engages leading thinkers from government, business and civil society to discuss what it means to be the company of the future, along with the trends critical to industry survival. Every year, the event draws an audience of over 200 in each of ChicagoBerlin and Hong Kong, including Fortune 500 bosses, policymakers and visionary entrepreneurs.

Watch this video for further insights.

Tickets to The Economist Innovation Summit 2017 are now available for online purchase. For online registration and event details, please visit the summit’s website:

For more information, please visit:

Supporters of Innovation Summit 2017 include: Huawei as platinum sponsor,  IESE and McKinsey&Company silver sponsors.

To engage with the event on social media, use hashtag #EconInnov in your conversations and follow @EconomistEvents.


For complimentary media registration, please register using this online form

About The Economist Events

The Economist Events gathers the world’s top thinkers to build insight and exchange views on the issues that define our world. With a uniquely global perspective, we create over 100 unusually high-level and engaging live and virtual events each year. Our aim is to bring clarity to complex problems, inspire ideas and help our audiences make better decisions.


Media Contact:

Audrey Reisdorffer
+852 2585 3826

SOURCE The Economist Events

“Gimje Horizon Festival” is held on September 20th with ‘Limitless Horizon, Endless Excitement

Celebrating its 19th anniversary in 2017, Gimje Horizon Festival has been selected as Korea’s representative festival, having been recognized as Korea’s best festival by the Ministry of Culture, Sports, and Tourism for 8 consecutive years since 2004. Gimje was also named a global festival city by the International Festivals and Events Association (IFEA) in 2011.

Gimje Horizon Festival is held in the vicinity of Gimje for 5 days between September 20 and 24, centering on Byeokgolje reservoir, which has kept the tradition and history of Korea’s farming culture well. It will be a venue for introducing Gimje’s unique local culture derived from Korea’s farming culture. The festival is full of hands-on experience events and things to see and enjoy, showcasing Korean culture at its finest.

This year’s festival offers 60 events in 6 categories under the theme of “Limitless Horizon, Endless Excitement”. It features the essence of Korean farming culture with keywords such as passion, love, hope, fun, and memory.

Among the events, “Ssangyoungnori game (competing two dragons)“, Gimje’s representative folk play created by adding action, mobility, and artistry to Byeokgolje’s traditional folktale, is enjoying great popularity each year. “Rope pulling contest on the standing stone” and “Byeokgolje Torch parade“,which have been transmitted for several generations, wish for abundant harvest in Gimje.

This year’s festival will be an overnight stay type by strengthening nighttime programs. Events such as Can Fire Game, Sky Lantern Flying Event, and “Horizon Lantern Lighting of Love”  –  wherein moving messages are exchanged between family members and lovers  –  will be held. One of the events to watch out is the presentation of an eco-forest, which tells a folktale about the construction of Byeokgolje Reservoir.

Other programs such as “Healing City Tour Bus“, which offers a tour of famous tourist spots, as well as “Let’s Go to the Rice Farming Experience Village“, which provides hands-on farming experiences in a village, are operated to induce tourists to visit farming villages.

At tourist places, eating local foods is a must-try. Gimje’s specialties include: tender, juicy beef from hanu (Korean native cattle) fed with green barleyrefreshing noodle soup with cockles and set menu with clams in the vicinity of Simpohang Port, and reasonably priced meal.
Hanatour Tokyo, 03-5403-9084


SOURCE Gimje Horizon Festival Committee


IPU facilitates cooperation between parliaments on ICT projects

The IPU provides technical support to parliaments, including on information and communication technology (ICT) projects. Over the last few months, the IPU has worked with the Parliaments of Sri LankaZambia and Vanuatu to set up digital repositories for their respective parliamentary libraries. The projects encourage parliamentary staff to transfer their newly acquired knowledge to other parliaments.

As part of this, the Chief Librarian of the Zambia’s National Assembly presented a paper on digital repositories to parliamentary librarians from 42 countries at the 33rd IFLAPARL Pre-Conference. The event, which was organized by the International Federation of Library Associations and Institutions (IFLA) on 15-18 August 2017 in Warsaw, aimed to allow parliamentary librarians to share their experiences. The IFLA also organized training for the librarians before and after the event.

Two staff members of the Vanuatu Parliament also took part in the pre-conference and the training programme. The IPU has been working with the Parliament of Vanuatu to plan strategically its IT modernisation with a focus on strengthening digital storage to help preserve institutional digital assets.

The support provided by the IPU to these parliaments has led to cooperation between them. For example, after the completion of a technical support mission to Sri Lanka, the Assistant Librarian of the Sri Lankan Parliament participated in an IPU mission to enhance the digital library of the National Assembly of Zambia. This peer-to-peer support was beneficial for the National Assembly of Zambia as well as the Parliament of Sri Lanka, which was able to enrich its own knowledge with comparative experiences. In turn, the Chief Librarian of the National Assembly of Zambia passed on her expertise to parliamentary librarians, including from Vanuatu, at the IFLA pre-conference.

The IPU hopes to replicate this experience-sharing in future projects.

The cooperation between parliaments is not only building partnerships but changing the way effective parliamentary support is conceived.

SOURCE Inter-Parliamentary Union

China Automotive Systems, Inc. Announces Receipt of Revised Proposal

China Automotive Systems, Inc. (NASDAQ:  CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced that the special committee (the “Special Committee”) of its Board of Directors (the “Board”) previously formed to evaluate and consider a preliminary non-binding proposal submitted by Mr. Hanlin Chen (“Mr. Chen”) to the Board on May 14, 2017 (the “Original Proposal”) has received a revised non-binding proposal letter (the “Revised Proposal”), dated August 30, 2017, from Mr. Chen and Chariot Company (Cayman) Limited (together with its affiliates, “NHPEA”), to acquire all of the outstanding shares of common stock of the Company not already beneficially owned by Mr. Chen, Wiselink Holdings Limited, a company controlled by Mr. Chen, and Ms. Liping Xie, his wife (collectively, the “Chairman Parties”, and together with NHPEA, the “Buyer Group”), and their respective affiliates, for US$5.45 per share of common stock in cash. The Buyer Group and their affiliates currently beneficially own approximately 56.4% of the issued and outstanding shares of common stock of the Company on a fully diluted and as-converted basis. The Revised Proposal supersedes and replaces the Original Proposal in its entirety.  The Revised Proposal is expressly conditioned on approval by the Special Committee and is subject to a non-waivable condition requiring approval by a majority vote of the Company’s unaffiliated stockholders. A copy of the Revised Proposal letter is attached to this press release.

The Special Committee is currently evaluating the Revised Proposal with the assistance of its financial and legal advisors.  The Company cautions the Company’s stockholders and others considering trading in the Company’s securities that no decisions have been made by the Special Committee or the Board with respect to the Revised Proposal. There can be no assurances that any definitive offer will be made, that any definitive agreement will be executed relating to the Revised Proposal or any other transaction, or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

About China Automotive Systems, Inc.

Based in Hubei Provincethe People’s Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through eight Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 5.5 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Chrysler Group LLC in North America. For more information, please visit:

Forward Looking Statements

This press release contains statements that are “forward-looking statements” as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. These forward-looking statements include statements regarding the qualitative and quantitative effects of the accounting errors, the periods involved, the nature of the Company’s review and any anticipated conclusions of the Company or its management and other statements that are not historical facts. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company’s actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading “Risk Factors” in the Company’s Form 10-K annual report filed with the Securities and Exchange Commission on March 30, 2017, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

For further information, please contact:

Jie Li
Chief Financial Officer
China Automotive Systems, Inc.

Kevin Theiss
Investor Relations

August 30, 2017

The Special Committee of the Board of Directors
China Automotive Systems, Inc.
No. 1 Henglong Road, Yu Qiao Development Zone
Shashi District, Jing Zhou City, Hubei Province
The People’s Republic of China

Dear Sirs:

On May 14, 2017, Mr. Hanlin Chen (“Mr. Chen“), Chairman of China Automotive Systems, Inc. (the “Company“), submitted a non-binding preliminary proposal (the “Chen Proposal“) to the board of directors of the Company (the “Board“) to acquire all of the outstanding shares of common stock (“Common Stock“) of the Company not already owned by him and his affiliates in a going-private transaction.

Mr. Chen also requested that the Board approve, for purposes of Section 203 of the General Corporation Law of the State of Delaware (the “DGCL“) that Mr. Chen and Chariot Company (Cayman) Limited (together with its affiliates, “NHPEA“), an affiliate of North Haven Private Equity Asia IV, L.P., could discuss and enter into a consortium agreement with each other, and jointly submit a proposal with respect to the Acquisition (as defined below) to the special committee of independent directors of the Company (the “Special Committee“).

On August 22, 2017, upon the recommendation of the Special Committee, the Board, through a unanimous written consent in lieu of a special meeting, adopted resolutions that expressly permit Mr. Chen and his affiliates, including Wiselink Holdings Limited, a company controlled by Mr. Chen, and Ms. Liping Xie, his wife (collectively, the “Chairman Parties“), and NHPEA to, among other things, discuss and enter into a consortium agreement with each other and jointly submit a proposal with respect to the Acquisition to the Special Committee, and approved that none of the Chairman Parties and NHPEA shall be deemed an “interested stockholder” of the Company under Section 203 of the DGCL by reason of forming the Buyer Group (as defined below) or submitting a joint Acquisition proposal.

The Chairman Parties and NHPEA (the “Buyer Group“, “we” or “us“) are pleased to submit this non-binding preliminary proposal (the “Joint Proposal“) to the Special Committee, which shall supersede and replace the Chen Proposal in its entirety. The Buyer Group proposes to acquire all of the outstanding shares of Common Stock of the Company not already owned by the Chairman Parties and their respective affiliates (the “Acquisition“) at US$5.45 in cash per share, which represents a premium of approximately 22.5% to the Company’s closing price on May 12, 2017.

The Buyer Group and its affiliates currently, in the aggregate, beneficially own approximately 56.4% of the issued and outstanding shares of Common Stock of the Company on a fully diluted and as-converted basis. The terms and conditions upon which we are prepared to pursue the Acquisition are set forth below.  We are confident in our ability to consummate an Acquisition as outlined in this letter.

1.  Buyer.  We intend to form an acquisition vehicle for the purpose of pursuing the Acquisition (the “Acquisition Vehicle“). The Acquisition will be in the form of a merger of the Company with the acquisition vehicle. We are interested only in pursuing this Acquisition and are not interested in selling the shares of Common Stock of the Company already owned by the Chairman Parties.

2.  Purchase Price.  Our proposed consideration payable for the Company’s Common Stock acquired in the Acquisition will be US$5.45 in cash per share.

3.  Financing.  We intend to finance the Acquisition with a combination of debt and equity capital.  Equity financing is expected be provided by the Buyer Group in the form of rollover equity in the Company and cash contributions from us and/or third party sponsors.  Debt financing is expected to be provided by loans from third party financial institutions.  We expect definitive commitments for the required equity and debt financing, subject to terms and conditions set forth therein, to be in place when the Definitive Agreements (as defined below) are signed with the Company.

4.  Due Diligence.  We and our financing sources are in a position to commence customary business, financial and legal due diligence on the Company immediately, and we expect to be able to complete due diligence on a highly expedited basis. In addition, we are prepared to engage in substantive discussions with the Special Committee regarding the Definitive Agreements in parallel with our due diligence exercise.

5.  Definitive Agreements.  We have engaged Skadden, Arps, Slate, Meagher & Flom LLP as our U.S. legal counsel.  We are prepared to negotiate and finalize mutually satisfactory definitive agreements with respect to the Acquisition (the “Definitive Agreements“) expeditiously.  This proposal is subject to execution of the Definitive Agreements.  The Definitive Agreements will provide for representations, warranties, covenants and conditions which are typical, customary and appropriate for transactions of this type.

6.  Confidentiality.   Members of the Buyer Group will, as required by law, promptly file a Schedule 13D with the U.S. Securities and Exchange Commission to disclose this Joint Proposal.  We are sure you will agree with us that it is in all of our interests to ensure that we proceed our discussions relating to the Acquisition in a confidential manner, unless otherwise required by law, until we have executed the Definitive Agreements or terminated our discussions.

7.  Process.  We believe that the Acquisition will provide superior value to the Company’s stockholders.  We recognize of course that the Board will evaluate the proposed Acquisition independently before it can make its determination whether to endorse it. In addition, we expect that the Special Committee will consider our proposal carefully and make a recommendation to the Board. We will not move forward with the Acquisition unless it is approved by the Special Committee.  In addition, we request that the Acquisition shall be subject to a non-waivable condition requiring approval by majority shareholders’ vote of shareholders other than the Buyer Group and its affiliates.

8.  No Binding Commitment.  This letter constitutes only a preliminary indication of our interest, and does not constitute any binding commitment with respect to the Acquisition.  Such a commitment will result only from the execution of Definitive Agreements, and then will be on the terms provided in such documentation.

In closing, we would like to express our commitment to working together with you to bring the Acquisition to a successful and timely conclusion.  Should you have any questions regarding this proposal, please do not hesitate to contact us.  We look forward to speaking with you.

[Signature Page to Follow]


Hanlin Chen
on behalf of the Chairman Parties

_/s/ Hanlin Chen________________________

Chariot Company (Cayman) Limited

By: _/s/ Ivan John Sutlic_____________________
Name:  Ivan John Sutlic
Title:    Authorized Signatory

SOURCE China Automotive Systems, Inc.


BIG SUN’s iPV Tracker builds further & stronger momentum

By 2021, solar tracker installations will grow to an amount of 37.7 gigawatts and account for nearly half of all ground-mount solar systems, according to GTM Research. The booming of this niche market is self-evident since Warren Buffett is also taking the lead in investing in the Dual Axis Tracking system.

Taiwan based PV solution provider, BIG SUN Group has recently synergized its innovative iPV Tracker, a Dual axis tracker, with a bifacial module resulting up to a 100% power generation gain over a conventional fixed tilt system.

On the rear side of the bifacial module power generator, iPV tracker’s unique 360 degree, universal axis design with a slim cable drawn driving mechanism, has much reduced the shading impact from the sizable Linear actuator and slewing drive employed by the conventional dual axis trackers.

Moreover, to eliminate any shading induced from the module mounting frame, Summer Luo, the Chairman of BIG SUN, also the inventor of iPV Tracker, has redesigned the rear supporting frame so as to match exactly to the frame dimension of any module. “In addition, the iPV Tracker is tall enough to have the sunlight reflected and absorbed onto the rear side of the bifacial module. These features have enabled the realization of the benefits of bifacial modules, especially in snow season.”

A worthy PV product must be capable of not only enduring various climate zones and different seasons, but also accommodating the extreme weather resulted from the climate change. The iPV Tracker is the only robust dual axis tracker that can fully accommodate extreme weather with special features as “Wind Resistant”, “Snow Removal”, “Dust Removal”, “Flood Avoidance” and “Back Tracking”. The patented back tracking mechanism has enabled the iPV Tracker a more dense installation yielding 15-50% more on land utilization.

Another innovative energy monitoring system, iPVita, designed by BIG SUN, can furnish power generation status, environmental sensor feedback (irradiance, wind speed, temperature), operation efficiency and remote control, at just a click away on your mobile device. In particular, the auto abnormality alert system has in itself differentiated specific hardware failure, system down, network issues or a communication breakdown issue. Such diagnosis function combined with the auto abnormality dispatching/tracing function of iPVita has facilitated the iPV Trackers to reach > 99.9% availability in field operation.

BIG SUN continuously enhances the design of iPV Tracker, besides flexible module platform frame design to match to any module frame dimension to avoid shading on bifacial modules, another significant enhancement this year is the unleash of the 2nd generation wheel axis structure and spring design. This much simplified design has prevented the slipping of steel cable rendering much less noise than before. Also the upgraded design of spring in parallel connection with steel chains has further reinforced a more robust driving mechanism.

BIG SUN has also unveiled a scale up and cost down version of 12Kw tracker suited for sites without strong wind. This can accommodate 40 panels with a 60 cells module or 32 panels with a 72 cells module. This is best applied to large scale power plants with lower LCOE, while maintaining reliable & robust operation. As Luo commented, “The PV industry now is seeking a wide range of balance while the profitability is evidently most pursued and 12kw iPV Tracker is 100% ready for this end.”

In Solar Power International 2017 (SPI in Las VegasUSA), BIG SUN has the privilege to jointly exhibit advanced modules from Longi Solar, China and First Solar, USA mounted on iPV tracker to demonstrate the flexibility of its accommodation. You are cordially welcomed to visit our booth at #503 for further information and discussion.

For More BIG SUN Group Global Exhibitions on iPV Tracker can be found in the following line up:

  • The Green Expo 2017 – Sep. 5-7, WTC, Mexico, Booth #1304
  • EXPO Solar 2017 — Sep. 6-8, KINTEX, Gyeonggi-Do(Seoul), Korea, Booth #D26
  • Renewable Energy India Expo 2017 — Sep. 20-22, India Expo Centre, Greater Noida, India, booth #Hall 7, 7.49
  • PV Taiwan 2017 — Oct. 18-20, Taipei Nangang Exhibition Center, Taiwan, Booth #I1126

About BIG SUN Group

BIG SUN Group, Taiwan-based PV solution provider, was founded in 2006. Its core business is focused on the design, production, and sale of high-quality solar products. BIG SUN’s main products include Combo-CellTM, 6″ mono-crystalline silicon solar cells, the iPV Tracker (dual-Axis Tracker) and the web-based iPVita monitoring & control system. The current conversion efficiency of BIG SUN’s 6″ mono-cell is 20.4% (60-cells module with up to 290 watts power). Based on its extensive product lines, BIG SUN can offer vertical integrated PV power system solutions.

iPV Tracker:

Media Contact:

Angel Lu
Marketing Manager
+886 03-5980288 ext. 1951

Kim Yen
Marketing Coordinator
+886 03-5980288 ext. 1953