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Chunghwa Telecom Announces Management Changes

Chunghwa Telecom Co., Ltd. (“CHT”, “Chunghwa Telecom” or the “Company”) (TAIEX: 2412, NYSE: CHT) today announced that its Board of Directors has appointed Mr. Shui-Yi Kuo as the Chief Financial Officer (“CFO”), Mr. Ronald Song as the Chief Investment Officer (“CIO”), and Mr. Fu-Kui Chung as the Chief Audit Executive.

Prior to his new role as Chunghwa Telecom’s CFO, Mr. Shui-Yi Kuo, served as the CIO & Senior Executive Vice President, and Vice President of the Investment Department and Accounting Department in the headquarters of Chunghwa Telecom. He was also the President of Light Era Development Co., Chunghwa’s real estate subsidiary. Mr. Kuo has extensive experience and strong expertise in best practice financial implementation and strategic investment planning. He holds a Master’s degree of Accounting from National Chengchi University.

Mr. Ronald Song, Chunghwa Telecom’s new CIO, previously held the position of President at Chunghwa Investment Co., a subsidiary company of Chunghwa Telecom. Before that, he assumed various senior management roles at several global investment banks in the areas of strategic planning and mergers and acquisitions. He holds an MBA degree of University of Iowa.

Mr. Fu-Kuei Chung, the newly-appointed Chief Audit Executive, is the Chairman of Taiwan International Standard Electronics, a subsidiary company of Chunghwa Telecom. Prior to the Chairman position, Mr. Chung had overseen several major business and operational functions at Chunghwa Telecom including Senior Executive Vice President at its corporate headquarters, President of the Northern Taiwan Business Group, and President of the Data Communication Business Group.

Mr. Yu Cheng, Chairman of Chunghwa Telecom said, “I believed these new senior management team members will bring fresh perspective to the company’s financial operation and strategic investment. By leveraging their professional experience and strategic vision, they will provide strong financial and operational support to our business.”

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is Taiwan’s leading telecom service provider. Chunghwa provides fixed line, mobile, broadband access, and internet services. The Company also provides information and communication technology services to corporate customers.

For inquiries:

Fu-fu Shen
Investor Relations
+886 2 2344 5488
chtir@cht.com.tw

SOURCE Chunghwa Telecom Co., Ltd.

RELATED LINKS
http://www.cht.com.tw

“Sanya Celebration” tourism promo was held in Almaty, Kazakhstan

The 2017 Sanya Celebration (the “Celebration”), an international tourism tradeshow was held in Almaty,the largest city of Kazakhstan, on August 7th, 2017. It was organized by the Municipal People’s Government of Sanya, with the theme of “A Romantic Invitation to Beautiful Sanya“.

The Celebration featured a roadshow which highlighted Sanya’s unique charm as the sole tropical coastal tourist attractions in China and as a home to several of Chinese ethnic minoritiesA portfolio was presented at the event, which demonstrated Sanya’s strong tourism products and services. The high quality was in line with global standards. As an open and international tourism destination , the city is highlighted by its safe environment which is vital to a nice vacation.

While hosting of the Celebration in Central AsiaSanya, as a destination for seaside vacation in Chinademonstrated many of its international-grade facilities, and gave warm invitations to travelers from all over the world. The all-day roadshow, with several VIP guests from Almaty in attendance, has received rave reviews from the Almaty Department of Tourism, tourism professionals and locals.

Kazakhstan is one of the main sources where visitors to Sanya come from. During the first half of the year, Sanya has attracted 15,000 visitors from Kazakhstan, five times than that of the same period in 2016. To consolidate and expand Sanya’s inbound tourism market, an official governmental delegation led by Sanya‘s mayor Wu Yanjun arrived in Kazakhstan to promote travel to the seaside city and highlight the city’s unique natural and rich tourism resources.

The mayor, who sent invitations to participating guests and media representatives in advance of the event, said, “As a strong advocate of China’s One Belt, One Road initiative, Sanya has distinct geographical advantages, rich cultural resources and an ever-changing skyline as a result of ongoing construction and urbanization. The city’s role as China’s sole international-grade tropical seaside vacation destination has led it to attract tens of millions of travelers from around the world annually, with large numbers of the visitors originating from Kazakhstan. Currently, Sanya is exploring opportunities to further expand its portfolio of tourism products and improve its tourism landscape, while working to strengthen environmental protection as well as to enhance its urban infrastructure and the quality of its services. The aim is to transform the city into a top travel destination that offers all the amenities found in the world’s well-travelled tropical paradises. Looking forward, Sanya plans to further improve its tourism facilities and services for travelers from all over the world, including for those from Kazakhstan.”

The tourism promotional event, designed especially for international travel industry executives, was held in the afternoon and was attended by hundreds of executives from across the sector.

During the event, Sanya Tourism Development Commission director Fan Mu gave an illustrated presentation on the history and culture of Sanya, even spending a few minutes detailing the legends and stories behind the beautiful scenery that has made the city such a draw, with a focus on the promotion of Sanya as a tropical destination as well as a one with high-quality tourism resources and services for overseas travelers. He said, “Earlier this year, Sanya was the only locale in China to be named as one of 52 Places to Go 2017 by The New York Times. Located at 18° N latitude, Sanya has over 300 days of sunlight per year and an average temperature of 25°C (77°F). With these unique resources, the travel industry has become a pillar of local economic development. The city now has completed its ecological restoration and urban renovation. With improved urban facilities, newly-completed highways and roads, a special police contingent whose sole function is to assist and assure the safety of travelers as well as a telephone hotline for handling visitors’ questions and issues already in operation, Sanya’s enhanced environment for international travelers and vacationers will fully address their needs.” Finally, Mr. Fan, on behalf of all tourism professionals in Sanya, sent an invitation to participating guests for further tourism cooperation and cultural exchanges.

The promotional event received positive feedback from attendees. Rysty Karabayeva, President of the Kazakhstan Eurasian Tourism Association, added, “As an emerging tropical coastal destination with international-grade facilities, Sanya is boosting the development of local tourism by expanding into international markets, including launching new international air and ocean cruise routes, as well as a visa-free policy for the convenience of tourists from across the globe. We are impressed by their efforts and will continue to help in bringing more travelers from Kazakhstan to Sanya.”

Travelers from 26 countries now enjoy visa-free access to Sanya. In addition, 21 international and regional routes, including the Sanya-Almaty service, operate 58 flights weekly. The flights, which have helped form 4-hour, 8-hour, and 12-hour tourism circles that are connecting Sanya to more countries and regions, are a major factor in transforming the city into a prosperous international tourism destination.

The Celebration went smoothly with positive and supportive feedback from participants throughout the day. The booths, which displayed samplings of local foods and products as well as information on accommodations, travel, sightseeing, shopping and entertainment, were flooded with visitors, many of whom were keenly interested in the Li-nationality brocades and the traditional Chinese medical physiotherapy. The interest among the many visitors was further enhanced by the fact that many of the presentations deployed the latest virtual reality and interactive entertainment technologies to get the message across. The atmosphere was so warm that many of the booths quickly ran out of promotional flyers and brochures, despite the large print runs in anticipation of a substantial number of attendees. Estimations of the results of the events indicate that nearly 1,000 inquiries were made about the promotions.

Ayjan, an Almaty resident, said,” I had always hoped to have a chance to visit Sanya and now I have gained more information about its customs, culture and people. I look forward to spending my holiday in this beautiful place someday.”

The Celebration had previously been held in Bangkok, ThailandKuala Lumpur, Malaysia and Jakarta, Indonesia and now in Almaty. The Sanya government said that future stops for the roadshow include Russia, the UK and Germany, as well other countries and regions that are the main sources of visitors to Sanya. At each stop, they plan to host promotional events with the aim of enhancing the awareness and heightening the reputation of Sanya in international tourism markets.

About Sanya

Located at the southernmost point of China’s Hainan island, Sanya is an international coastal destination. The city has been praised by global visitors as the best Chinese seaside vacation destination because of its stunning coastline and profound cultural heritage.

For more information about Sanya, please visit:
http://english.sanya.gov.cn/publicfiles//business/htmlfiles/englishsite/tourism/index.html

SOURCE Sanya Municipal Government

CONTACT: Tianmi Li, +86-182-1796-2736, 1013455842@qq.com

Signals Analytics Raises $25M in Series C Funding Led By Pitango Growth

Signals Analytics, creators of Signals Playbook, the cloud-based system of insight used by global brands to drive product portfolio optimization, today announced it has raised $25 million in Series C funding. Signals Analytics will utilize the investment to continue its rapid growth and global expansion, as well as further advance its groundbreaking Insights as a Service (IaaS) platform. The round was led by Pitango Growth with participation by existing investors Sequoia Capital and Qumra Capital. Isaac Hillel, Managing General Partner of Pitango Venture Capital, will join the Signals Analytics board of directors.

“Business leaders are starving for strategic insights that can help them extend the revenue potential of products in market, maximize new product launches and create growth through innovation,” said Gil Sadeh, co-founder and CEO of Signals Analytics. “With support from Pitango as well as Sequoia and Qumra, Signals Analytics will accelerate the advancement of Signal’s Playbook, our cloud-based augmented intelligence platform that is quickly becoming the choice of the world’s leading consumer goods and life sciences companies for product decisions.”

Co-founded by ex-Israeli military intelligence officers, Chief Executive Officer Gil Sadeh and Chief Research Officer Kobi Gershoni, Signals Analytics utilizes battlefield-tested concepts, processes and technologies to unify disparate data sets, detect signals from the noise and uncover insights that can be acted upon to drive product success. Armed with a single source of the truth that is fully-aligned with the stages of the product lifecycle, corporate practitioners can easily identify opportunities for growth, profitability and digital transformation. This disruptive approach provides much needed competitive advantage, enabling business executives to make smarter, quicker commercial decisions than those typically derived by using conventional data analytics tools, business consultants or market research firms.

The funding builds on a number of key milestones achieved by Signals Analytics during 2017

  1. The hiring of Chief Marketing Officer John Seaner, formerly of Medidata Solutions; Chief Revenue Officer Bryan Painter, formerly of New Relic; and Vice President of Client Success Molly Bruttemesso, formerly of Sprinklr.
  2. The achievement of triple digit revenue growth for the 3rd straight year.
  3. System selection by 60 of the world’s foremost brands, including 10 of the world’s top consumer goods companies and 12 of the world’s top 20 life sciences companies.

“The Age of Big Data has given way to the Age of Insights. Signals Analytics’ technology allows executives to keep up with today’s fast changing environment and constantly improve their product portfolio management,” said Isaac Hillel, Managing General Partner of Pitango Growth and new Signals board member. “We were impressed by the management team, the innovative technology and the strong market traction. We look forward to working together to accelerate Signal’s dominance in their unique market segment.”

About Signals Analytics
Signals Analytics (www.signals-analytics.com) enables global brands to continuously experience the “aha moment” through Signals Playbook™, a cloud-based system of insight that optimizes product portfolio health and propels breakthrough innovation. Over 60 of the world’s leading companies, including Procter & Gamble, Nestle, Pepsico, Johnson & Johnson, Bayer, Roche and 3M, have partnered with Signals Analytics to improve commercial decision making, anticipate market change and drive superior business outcomes quicker, with less risk. Backed by Sequoia Capital, Pitango Venture Capital, Qumra Capital and TPY Capital, Signals Analytics has been dubbed “The App Store for Innovation” by Forbes, was awarded Cool Vendor of 2016 by Gartner and has been honored the past two years as a Deloitte Fast 50 Technology Company.

About Pitango Venture Capital
Pitango (www.pitango.com) has been investing in technology ventures since 1993 and now has more than $2 billion under management. Pitango invests in Israeli tech and healthcare companies, in various fields and all stages. Pitango Venture Capital has invested in over 200 companies, many of which have become public or were acquired by strategic players.
Learn more at: pitango.com

About Sequoia Capital
For over 40 years, the Sequoia team (www.sequoiacap.com) has helped a small number of daring founders build legendary companies and spurred them to push the boundaries of what’s possible. Our backed companies currently account for more than 20% of the NASDAQ’s total value, and we’re proud that their success also fuels great causes. The vast majority of funds we invest are on behalf of nonprofits and universities such as the Ford Foundation, Mayo Clinic and MIT, meaning that the returns generated from the incredible achievements of founders can make a real difference.

About Qumra Capital
Qumra Capital (www.qumracapital.com) is an Israeli late-stage venture fund focused on investments in the rapid growth of technology companies and aiming to transform start-ups into global leaders in their category. We seek exceptional management teams with the drive and the capabilities to lead their companies to the summit.

Media Contact:
John Seaner
Chief Marketing Officer
john.seaner@signals-analytics.com
+1-267-247-6323

Pitango Growth Inquiries:
Sharon Erde
Director of Marketing Communications
sharon.e@pitango.com
+972-54-4848617

 

SOURCE Signals Analytics

RELATED LINKS
http://www.signals-analytics.com

China Internet Nationwide Financial Services Inc. to Commence Trading on NASDAQ Global Market

China Internet Nationwide Financial Services Inc. (“CIFS” or the “Company”) (NASDAQ: CIFS), a provider of financial advisory services to the underserved small-to-medium sized enterprises in China, today announced that its ordinary shares will begin trading today on the NASDAQ Global Market under the symbol “CIFS”. The Company completed the initial public offering (“IPO”) of 2,023,146 of its ordinary shares at a price to the public of $10.00 per share for a total of $20,231,460 before underwriting discounts, commissions and offering expenses on July 28, 2017. Boustead Securities, LLC acted as the Lead Underwriter for the offering. Network 1 Financial Securities, Inc. participated as a Selected Dealer.

Jianxin Lin, Chairman and Chief Executive Officer of CIFS, commented, “We are honored and humbled to become an official member of the NASDAQ family. As we celebrate this milestone today, we offer our congratulations to our CIFS team for their dedication and hard work and thanks to our customers, partners and investors for their unwavering support over the years. Looking ahead, as we continue to provide even more innovative financial solutions to the largely ignored and vastly underserved SMEs in China, we look forward to extending our winning streak of achieving high top- and bottom-line growth in years to come.”

Dan McClory, Head of China and Equity Capital Markets at Boustead Securities, added, “Congratulations to Chairman Jianxin Lin and his team at CIFS for successfully completing their IPO and achieving this significant milestone. We look forward to CIFS’s continued growth in their financial services business across China.”

About China Internet Nationwide Financial Services Inc.

Incorporated in 2014 and headquartered in Beijing, China Internet Nationwide Financial Services Inc. (“CIFS” or the “Company”) provides financial advisory services, including commercial payment advisory, intermediary bank loan advisory, and international corporate financing advisory, to meet the financing and capital needs of its clients, comprised largely of small-to-medium sized enterprises (“SMEs”). The Company also made direct loans to certain qualified borrowers.

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 http://www.boustead1828.com/.

Safe Harbor Statement

This press release may contain information about CIFS’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. CIFS encourages you to review other factors that may affect its future results in CIFS’s registration statement and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

At the Company:
Shirley Sun, Chief Financial Officer
Email: ir@cifs.com

Investor Relations:
Tony Tian, CFA
Weitian Group LLC
Email: tony.tian@weitian-ir.com
Phone: +1-732-910-9692

Boustead Securities, LLC
Dan McClory, Head of Equity Capital Markets and China
Email: dan@boustead1828.com
Phone: +1-949-502-4408

SOURCE China Internet Nationwide Financial Services Inc.

Orbotech Wins $40M Orders from China’s CEC Panda for New Gen 8.6 LCD Fab

Orbotech Ltd.,(Nasdaq: ORBK) , a leading global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products, announced today that it has received orders totaling approximately $40 million from TFT LCD panel maker, CEC Panda LCD Technology Co., Ltd. (a China Electronics Corp. company) for phase one of CEC Panda’s new Gen 8.6 fab in Chengdu, China. The orders are for a range of Orbotech’s industry-leading flat panel display (FPD) inspection, testing and repair solutions, including Orbotech Quantum™, Orbotech ArrayChecker™ and Orbotech ProcessSaver™, with deliveries expected to begin during the third quarter of 2017. CEC Panda has indicated that it expects to reach a maximum capacity of 60,000 glasses per month in phase one of mass production.

“Our high-performance inspection, testing and repair solutions were first selected by CEC Panda when they were ramping up production about three years ago,” commented Mr. Edu Meytal, President of Orbotech Pacific Display. “We are very excited to partner once again with CEC Panda to provide this significant support for its new Gen 8.6 fab.”

About Orbotech’s Quantum™ FPD AOI

Orbotech’s Quantum™ FPD AOI system offers display manufacturers cutting-edge automated inspection solutions for all types of display technologies, including flex and OLED. Orbotech FPD AOI systems increase production yields using advanced optics for image acquisition, unique image processing technologies, algorithms and data processing capabilities, microscopic video imaging, CD/Overlay measurements and automated macro (Mura) inspection to enable high-sensitivity defect detection and extremely accurate classification.

About Orbotech ArrayChecker

The Orbotech ArrayChecker test system determines whether individual pixels or lines of pixels are functional. It also finds more subtle process defects such as variations in individual pixel voltage. Defect data are used for repair and statistical process control to decrease material costs and improve throughput.

About Orbotech ProcessSaver

The Orbotech ProcessSaver is an advanced repair solution that locates and repairs metal defects and for re-patterning p-Si and photo resist in the high-volume fabrication of flat panel displays (FPDs). Orbotech repair solution provides advanced laser scanning technology combined with automatic repair features and high throughput.

About CEC Panda
Based in NanjingChina, Nanjing CEC Panda LCD Technology Co., Ltd. is a subsidiary of China Electronics Corporation (CEC), the largest state-owned IT enterprise in China. CEC-Panda is engaged in research and development, manufacture and sales of telecommunications equipment, computers and electronic equipment, as well as provision of technical services. The company possesses solid research and development capabilities and owns three state-level engineering technology development centers.

About Orbotech Ltd.
Orbotech Ltd. is a leading global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. Orbotech provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs), and semiconductor devices (SDs), designed to enable the production of innovative, next-generation electronic products and improve the cost effectiveness of existing and future electronics production processes. Orbotech’s core business lies in enabling electronic device manufacturers to inspect and understand PCBs and FPDs and to verify their quality (‘reading’); pattern the desired electronic circuitry on the relevant substrate and perform three-dimensional shaping of metalized circuits on multiple surfaces (‘writing’); and utilize advanced vacuum deposition and etching processes in SD and semiconductor manufacturing (‘connecting’). Orbotech refers to this ‘reading’, ‘writing’ and ‘connecting’ as enabling the ‘Language of Electronics’. For more information, visit www.orbotech.com and www.spts.com.

Cautionary Statement Regarding Forward-Looking Statements

Except for historical information, the matters discussed in this press release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.  These statements relate to, among other things, future prospects, developments and business strategies and involve certain risks and uncertainties.  The words “anticipate,” “believe,” “could,” “will,” “plan,” “expect” and “would” and similar terms and phrases, including references to assumptions, have been used in this press release to identify forward-looking statements.  These forward-looking statements are made based on management’s expectations and beliefs concerning future events affecting Orbotech and are subject to uncertainties and factors relating to Orbotech’s operations and business environment, all of which are difficult to predict and many of which are beyond the Company’s control.  Many factors could cause the actual results to differ materially from those projected including, without limitation, cyclicality in the industries in which the Company operates, the Company’s production capacity, timing and occurrence of product acceptance (the Company defines ‘bookings’ and ‘backlog’ as purchase arrangements with customers that are based on mutually agreed terms, which, in some cases for bookings and backlog, may still be subject to completion of written documentation and may be changed or cancelled by the customer, often without penalty), fluctuations in product mix, within and among divisions, worldwide economic conditions generally, especially in the industries in which the Company operates, the timing and strength of product and service offerings by the Company and its competitors, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate, including as a result of the ‘Brexit’ process and administration change in the United States, or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis, the level of consumer demand for sophisticated devices such as smartphones, tablets and other electronic devices as well as automobiles, the Company’s global operations and its ability to comply with varying legal, regulatory, exchange, tax and customs regimes, the timing and outcome of tax audits, including the ongoing audit of tax years 2012-2014 in Israel (see below), the Company’s ability to achieve strategic initiatives, including related to its acquisition strategy, the Company’s debt and corporate financing activities; the final timing and outcome, and impact of the criminal matter and ongoing investigation in Korea, including any impact on existing or future business opportunities in Korea and elsewhere, any civil actions related to the Korean matter brought by third parties, including the Company’s customers, which may result in monetary judgments or settlements, expenses associated with the Korean matter, and ongoing or increased hostilities in Israel and the surrounding areas.  In addition, in May 2017 the Company received a $58 million assessment from the Israel Tax Authority with respect to the ongoing tax audit in Israel.  The Company believes that it has provided adequately for any reasonably foreseeable outcomes related to the tax audit; however, future results may include unfavorable material adjustments to estimated tax liabilities in the period when the assessment is resolved or the audit is closed.  In addition, the Israel Tax Authority is investigating the Company’s tax positions.  Given that the process is in its preliminary stages, the Company cannot assure the outcome or timing of completion of the assessment process or investigation, including the amount of tax ultimately payable, and additional penalties, criminal sanctions, fines and other amounts that may be imposed as a result of the assessment and investigation, which may be material in amount or in adverse impact on the Company’s results of operations, financial position and reputation.  The outcome may also impact the Company’s results of operations as a result of tax positions taken for subsequent fiscal years.  Furthermore, during the second quarter of 2017, the Company elected to implement certain provisions of the Israeli Law for the Encouragement of Capital Investments related to preferred enterprises in Israel.  Although the Company is unable to predict the precise impact of this tax election, it believes the tax election will be beneficial over the long term and it does not expect that the tax election will result in a material increase in its effective tax rate for 2017.  The foregoing information should be read in connection with the Company’s Annual Report on Form 20-F for the year ended December 31, 2016, and subsequent SEC filings.  The Company is subject to the foregoing and other risks detailed in those reports.  The Company assumes no obligation to update the information in this press release to reflect new information, future events or otherwise, except as required by law.

ORBOTECH COMPANY CONTACTS:

Rami Rozen
Director of Investor Relations
Tel: +972-8-942-3582
Investor.relations@orbotech.com

Tally Kaplan Porat
Director of Corporate Marketing
Tel: +972-8-942-3603
Tally-Ka@orbotech.com

 

SOURCE Orbotech Ltd.

Hexaware Seeks to Disrupt the Status quo in Healthcare

Hexaware Technologies Ltd, the fastest growing automation-led, next-generation provider of IT, BPO and consulting services, today announced a strategic partnership with Zynx Health, part of the Hearst Health network and a market leader in providing evidence and experience-based clinical improvement solutions.

(Logo: http://mma.prnewswire.com/media/530945/Hexaware_Rebranding_Logo.jpg )

The announcement highlights Hexaware’s ongoing efforts to create a next-generation population health management platform that spreads across the entire continuum of care and enables providers, payers and employers to deliver better health outcomes.

“The current status quo of a reactive healthcare system based on episodic acute care is ripe for disruption,” said Milan Bhatt, Global Head of Healthcare, Hexaware Technologies. “We believe that no single vendor in the current healthcare IT market meets all the requirements of population health management. Our endeavor is to partner with innovators like Zynx Health to help providers to deliver better health outcomes by effectively identifying and engaging at-risk patients, designing personalized programs and eliminating care gaps.”

The collaboration will involve the integration of Zynx Health’s managed care services for evidence-based and vital interventions, clinical workflows and care-coordination with Hexaware’s CarrotCubepopulation health management platform.

“Hexaware is driven by a mission to ensure payers, providers, employers and wellness platforms can successfully cross the chasm from fee for service to pay for value,” said Zynx Health President, Kevin Daly. “We are pleased that Hexaware recognized the value of integrating Zynx content into the CarrotCube platform to guide all disciplines in the care planning process and ensure compliance with current evidence-based best practices. We look forward to working together to help providers deliver better health outcomes.”

About Hexaware

Hexaware is a fast growing IT, BPO and Consulting Company focusing to help customers Shrink IT to eliminate costs and improve delivery of commodity IT, using automation and technology.

http://www.hexaware.com.

About Zynx Health

Please visit http://www.zynxhealth.com

About Hearst Health

The Hearst Health network includes FDB (First Databank), Zynx Health, MCG, Homecare Homebase, MedHOK, Hearst Health International, Hearst Health Ventures and the Hearst Health Innovation Lab (http://www.hearsthealth.com). Its mission is to help guide the most important care moments by delivering vital information into the hands of everyone who touches a person’s health journey.

Safe Harbor Statement

http://hexaware.com/investors/

Contact:
Sreedatri Chatterjee
sreedatric@hexaware.com

 

SOURCE Hexaware Technologies Ltd.

Digital Utility Market Worth 244.31 Billion USD by 2022

The report Digital Utility Market by Network (Generation, Transmission and Distribution, and Retail), Technology (Hardware and Integrated Solutions [Cloud and Software, Services]), and Region (North AmericaEurope, and Asia-Pacific)Global Forecast to 2022, published by MarketsandMarkets™, the Digital Utility Market is expected to grow from an estimated USD 135.16 Billion in 2017 to USD 244.31 Billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The global market is set to witness a significant growth due to the increase in distributed and renewable power generation projects and regulatory requirements for electric utilities.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302)

Browse 63 Market Data Tables and 35 Figures spread through 144 Pages and in-depth TOC on Digital Utility Market

http://www.marketsandmarkets.com/Market-Reports/digital-utility-market-230978516.html

Early buyers will receive 10% customization on this report

The transmission and distribution segment is expected to hold the largest share of the Digital Utility Market, by network, during the forecast period.

The transmission and distribution subsegment of the network segment led the Digital Utility Market in 2016 and is projected to dominate the market during the forecast period. However, the retail segment is expected to grow at the fastest rate during the forecast period.

The growth of the transmission and distribution segment is primarily driven by aging infrastructure in the power utilities industry. New digital devices and communications and control systems improve the efficiency of assets and increase the ability of operators to monitor and manage electric transmission and distribution systems. This would ultimately create new revenue pockets for the Digital Utility Market during the forecast period.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=230978516

The hardware subsegment is expected to hold the largest share of the Digital Utility Market, by technology, during the forecast period.

The hardware subsegment of the technology segment led the Digital Utility Market in 2016 and is projected to dominate the market during the forecast period. However, the integrated solutions segment is expected to grow at the fastest rate during the forecast period.

The hardware segment includes all the tangible aspects of the Digital Utility Market. It covers equipment, from smart meters to smart transformers and all the products of a digital substation. It also encompasses all the components that make conventional equipment smart, such as sensors, smart thermostats, and programmable logic controllers, among others. Hardware generally costs more than other digital solutions and services and, hence, the segment accounts for a larger share of the market.

North America: The leading market for digital utility

In this report, the Digital Utility Market has been analyzed with respect to six regions, namely, North AmericaSouth AmericaAsia-PacificEuropeMiddle-East, and Africa. The market in North Americaled the global Digital Utility Market in 2016.

The utilities in North America have been undergoing a digital transformation for the past several years. Utility providers in the region are focused on the upgradation of power infrastructure through digital technologies such as smart meters and smart grids, among others. The U.S. government launched the Smart Grid Investment Grant (SGIG) program for smart grid development. There was an investment of USD 118.5 billion, in 2016, in smart cities in the region; this is expected to increase to USD 244.5 billionby 2021. Hence, the North American market presents a greater opportunity for the Digital Utility Market.

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Digital Utility Market. The key players include Accenture plc (Ireland), Cap Gemini S.A. (France), General Electric Company (U.S.), Siemens AG (Germany), SAP SE (Germany), and International Business Machines Corporation (U.S.), among others. The leading players are trying to understand the markets in developing economies and are adopting various strategies to increase their market shares.

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Utility Communication Market by Technology Type (Wireless (RF Mesh, Mobile Network), and Wired (Power Line Carrier, Optic Fiber, Ethernet), Utility Type, and Oilfield Communications (Network Type) – Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/utility-communication-market-79991490.html

Virtual Power Plant Market by Enabling Technology (Demand Response, Distributed Generation, and Mixed Asset), End-Use Customer (Commercial & Industrial, and Residential), and by Region – Global Trends & Forecasts to 2021

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Subscribe Reports from Energy and Power Domain @http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™

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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’s 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.

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MarketsandMarkets™
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Tel: +1-888-600-6441
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Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

GSR Capital Acquires Nissan’s Battery Business

Today, GSR Capital (“GSR”) announced that it has entered into a definitive sale and purchase agreement with Nissan Motor Co., Ltd. (“Nissan”) for the sale of Nissan’s electric battery operations and production facilities to GSR.

The acquisition covers Automotive Energy Supply Corporation (“AESC”), Nissan’s battery manufacturing operations in the US and UK, and part of Nissan’s battery development and engineering operations based in Japan.

Nissan’s battery operations comprise the full value chain from research & development, cell manufacturing, module/ pack assembly, and battery management systems. AESC’s lithium-ion batteries already power more than 270,000 Nissan LEAF vehicles, the best-selling electric vehicle in the world, with over 3.6 billion kilometers driven without a single critical incident since its introduction in 2010. Its manufacturing processes are also highly efficient with consistent high yields across its three plants. GSR aims to grow AESC as a pure-play battery supplier to Tier 1 automotive OEMs globally and will be selecting key local partners for expansion in Europe and China.

Sonny Wu, Chairman of GSR Capital, added: “The acquisition of AESC represents an important step for us in the new energy vehicle industry chain. We plan to further invest in R&D, expand existing capacities in the U.S., U.K., Japan, and also establish new facilities in China and Europe to better serve global customers with our global supply chain capabilities and safety first engineering DNA.”

“We are also particularly impressed with the track record and capabilities of the senior management team and employees. GSR is eager for the continued leadership of the current executive team to drive forward the long term success of the business. We are also offering continued employment to the company’s employees and also are seeking ways to expand employment opportunities in the communities in which the business operates. We are committed to not causing any changes to the current workforce, nor will we seek to close or relocate any sites and there will be no job losses caused by this transition.”

GSR will be joined by other limited partners including Hong Kong private investment firms, Hong Kong conglomerates and other industrial investors in making this acquisition.

Following the completion of the transaction, GSR intends to expand the scale of existing production facilities in Japan, UK and the US to cater to new customers. GSR also intends to open new production facilities in China, enabling AESC to serve the fast-growing Chinese market for electric vehicle batteries and stationary lithium-ion batteries. This will provide AESC a unique presence in all major automotive markets globally, differentiating itself from its key competitors.

Today’s announced transaction is subject to normal consultation with staff representative bodies and successful completion of pending regulatory approvals.  The transaction is contingent on GSR concluding purchase of all shares in NEC Energy Devices, Ltd. from NEC Corporation. Financial terms have not been disclosed.

About GSR Capital

GSR Capital is a leading private investment fund with offices in BeijingHong Kong and Palo Alto. The firm focuses on investments in high growth sectors in electric vehicles, new energy, modern agriculture, healthcare and wireless technologies.
http://www.gsrcapital.com/en

Contact

Jeffrey Fanlong Meng
jeff@gsrcapital.com

Chelli Chan
chelli@gsrcapital.com

About Nissan Motor Co., Ltd.

Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, Infiniti and Datsun brands. In fiscal year 2016, the company sold 5.63 million vehicles globally, generating revenue of JPY11.72 trillion. Nissan engineers, manufactures and markets the world’s best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: ASEAN & Oceania; AfricaMiddle East & IndiaChinaEuropeLatin America and North America. Nissan has a global workforce of 247,500, and has been partnered with French manufacturer Renault under the Renault-Nissan Alliance since March 1999. In 2016 Nissan acquired a 34% stake in Mitsubishi Motors, which became the third full member of the Alliance – a grouping with combined annual unit sales of almost 10 million units a year.

SOURCE GSR Capital

CONTACT: Bian Li, +86-18621363816, li.ban@merlionpr.com

Indonesian Gen Y finance professionals loyal to their employers

A new study launched today by the Asian Institute of Finance (AIF) reveals that over three-quarters (76%) of Gen Y professionals in the Indonesian financial services industry (FSI) expect to remain with their current employer for at least 10 years or more. This bucks the global trend where evidence suggests that Gen Y employees are likely to change jobs more frequently than preceding generations.

The AIF study, entitled Gen Y in the Workplace: a Perspective from Indonesia, aims to explore the workplace attitudes, expectations and aspirations of Gen Y finance professionals in Indonesia. More than 200 Gen Y professionals and their managers from across banking, insurance and capital market organisations in Indonesia were surveyed.

Out of an active labour force of 121 million in Indonesia, it is estimated that 48 million will comprise of Gen Y and this is the fastest growing segment. A clear understanding of Gen Y motivations and priorities and how they compare to current management practices, will allow employers to engage more effectively with this generation of workers.

The study findings suggest that there are generational differences between what Indonesian Gen Y finance professionals and their managers’ value and how they engage in the workplace. Career advancement is the most important workplace objective for Gen Y finance professionals and their managers appear to recognise this. However, managers seem unaware of the significance of remuneration as a driver for Gen Y, believing instead that Gen Y professionals prioritise self-actualisation in terms of using their abilities and knowledge in the workplace.

President Director of CIMB Niaga, Tigor M. Siahaan said, “Gen Y’s passion for the latest technologies motivates CIMB Niaga to continue innovating and developing digitally-based products and services to meet our aspiration of becoming the digital banking leader in Indonesia. We are also growing a community of young individuals at CIMB [X] who are looking at how the banking and financial technology (fintech) ecosystem can be better integrated. This new AIF study should provide useful insights into Gen Y finance professionals in Indonesia.”

Dr Raymond Madden, CEO of the Asian Institute of Finance said, “We hope that this report can provide data-driven insights on Gen Y for Indonesian financial services organisations to benchmark their talent strategies competitively.”

To download a copy of the report, visit www.aif.org.my.

About the Asian Institute of Finance

Asian Institute of Finance (AIF) is a think tank jointly established by Bank Negara Malaysia and the Securities Commission Malaysia to enhance human capital development and talent management across the financial services industry in Asia.

The Institute believes in the importance of attracting, developing and retaining talented individuals towards ensuring the development and sustainability of the industry. It advocates these principles via domestic and regional alliances with industry, multilateral organisations and applied research institutes with the sole aim of researching and producing thought leadership on human capital and talent management.

AIF works closely with our Affiliate Institutes, namely Asian Banking School, Asian Institute of Chartered Bankers, Chartered Institute of Islamic Finance Professionals, Islamic Banking and Finance Institute Malaysia, The Malaysian Insurance Institute and Securities Industry Development Corporation, through our research, thought leadership, professional standards and capacity building initiatives.

For more information, please visit www.aif.org.my.

Media Contact:

Juli Murshidah
+60-12-278-9651
juli@aif.org.my

SOURCE Asian Institute of Finance

RELATED LINKS
http://www.aif.org.my

OTA Insight to Provide Innovative Rate Intelligence Tools for Best Western® Hotels & Resorts

Best Western Hotels & Resorts has selected OTA Insight to provide its industry-leading revenue maximisation tools to its global business.

OTA Insight’s innovative rate intelligence platform will help drive Best Western®’s revenue strategy by supplying real-time dashboard and benchmarking tools to increase profitability. Best Western will benefit from OTA Insight’s state-of-the-art rate parity and online visibility tools. The solution will enable Best Western to monitor locally targeted online travel agency promotions and help ensure the best rate is always available on Best Western’s direct hotel website.

As part of the partnership, Best Western will also have access to OTA Insight’s latest development, a ground-breaking new parity dashboard within the platform that will allow global chains to streamline and effectively manage pricing across all channels and properties from a head office level. The dashboard will help Best Western monitor rate parity and, in turn, work with individual properties to alleviate any pricing challenges.

OTA Insight’s intuitive rate parity and online visibility tools will be used to monitor Best Western’s portfolio of hotels around the world, including global brands: Best Western, Best Western Plus®, Best Western Premier®, Vīb®, GLō®, BW Premier Collection® and Executive Residency by Best Western®.

“We’re looking forward to introducing our rate management tools to another globally recognised hotel group,” said OTA Insight CEO and Founder Adriaan Coppens. “I am thrilled to be collaborating with Best Western to help deliver more profitable revenue strategies thanks to the support of our technology. Best Western Hotels & Resorts will benefit from our clever rate parity tool and brand new parity dashboard to monitor live pricing, solve rate issues and execute pricing strategies accordingly.”

“Following an extensive search for a partner who could meet our needs, we determined that OTA Insight would provide us with a dynamic market-leading data analytics solution,” said Best Western Hotels & Resorts Senior Vice President and Chief Operations Officer Ron Pohl. “The platform allows us to monitor data in real-time to stay ahead of competitors in this complex and fast-paced online distribution space. We’re very excited about the potential of this partnership with OTA Insight as we strive to optimize distribution and deliver higher RevPAR to our hotels.”

OTA Insight provides accommodation revenue management tools including an innovative cloud-based revenue maximisation solution for hotels, resorts, apartments, hostels and accommodation businesses across the globe. The company’s industry-leading tools are built on the latest business intelligence and data technologies. The dashboard and reporting function ensures that accommodation businesses can maximise occupancy and are always competitively priced.

For more information on OTA Insight visit http://www.otainsight.com .

SOURCE OTA Insight

CONTACT: Siren Communications: +44(0)20-7759-1150, Emma Wayman – emma.wayman@sirencomms.com, Stacey Stockwell – stacey.stockwell@sirencomms.com

Advanced Semiconductor Engineering, Inc. Announces Monthly Net Revenues

ADVANCED SEMICONDUCTOR ENGINEERING, INC. (NYSE: ASX, TAIEX: 2311, “ASE” or the “Company”), announces its unaudited consolidated net revenues for July 2017.

CONSOLIDATED NET REVENUES (UNAUDITED)

Jul

Jun

Jul

Sequential

YoY

(NT$ Million)

2017

2017

2016

Change

Change

Net Revenues

22,232

23,078

21,587

-3.7%

+3.0%

Jul

Jun

Jul

Sequential

YoY

(US$ Million)

2017

2017

2016

Change

Change

Net Revenues

732

767

671

-4.6%

+9.1%

Net revenues for the ATM assembly testing and material business are as follows:

ATM NET REVENUES (UNAUDITED)

Jul

Jun

Jul

Sequential

YoY

(NT$ Million)

2017

2017

2016

Change

Change

Net Revenues

13,672

13,410

13,975

+2.0%

-2.2%

Jul

Jun

Jul

Sequential

YoY

(US$ Million)

2017

2017

2016

Change

Change

Net Revenues

450

446

435

+1.0%

+3.6%

Safe Harbor Notice:

This press release contains “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the uncertainties as to whether we can complete the share exchange contemplated by a joint share exchange agreement between Siliconware Precision Industries Co., Ltd. and us; the strained relationship between the Republic of China and the People’s Republic of China; general economic and political conditions; the recent global economic crisis; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2016 Annual Report on Form 20-F filed on April 21, 2017.

IR Contact:

Iris Wu, Manager

irissh_wu@aseglobal.com

Tel: +886.2.6636.5678

http://www.aseglobal.com

Grace Teng, Manager

grace_teng@aseglobal.com

Tel: +886.2.6636.5678

SOURCE Advanced Semiconductor Engineering, Inc.

RELATED LINKS
http://www.aseglobal.com

Nexteer Opens New Branch Office in Japan

Nexteer Automotive, a global leader in intuitive motion control, today opens a new Branch Customer Service Center (CSC) in Atsugi, Japan. The Atsugi Branch CSC will focus on application Engineering projects and coordinate global resources to expand support for Nissan and the Renault-Nissan-Mitsubishi Alliance.

Before the opening of this new Atsugi Branch CSC, Nexteer has been operating a Tokyo CSC near Shinagawa which plays the important role as a Japanese customers interface of sales, engineering, quality and program management since 2008.

As a leader in Intuitive Motion Control, Nexteer supplies steering systems, driveline systems as well as advanced driver assist systems (ADAS) and autonomous technologies for over 50 customers in every major region of the world.

James Burghardt, Engineering Director and Customer Service Centers Director of Nexteer Asia Pacific remarked the opening of Atsugi Branch CSC, “Our relationship with Nissan-Mitsubishi has grown over the years, and it is gratifying that our customers view us as a strategic partner around the globe. With the combined local support from Atsugi Branch CSC and Tokyo CSC, Nexteer continues to provide perfect quality, quick responsiveness and reliable service for Japanese OEMs in Japan.”

“Guided by our customer-oriented culture, we have chosen to add our new Branch CSC in Atsugi to be closer to our customers and to provide more effective services.  As always, we will focus on sustainable relationships and strive to grow together with our customers”, said Li Jun, Chief Operating Officer of Nexteer Asia Pacific.

ABOUT NEXTEER

Nexteer Automotive  A Leader in Intuitive Motion Control  is a multi-billion-dollar global steering and driveline business delivering electric and hydraulic power steering systems, steering columns, driveline systems as well as advanced driver assist systems (ADAS) and autonomous technologies for original equipment manufacturers. The company’s global workforce of over 13,700 serves more than 50 customers in every major region of the world. The company has 25 manufacturing plants, three regional engineering centers and 11 customer service centers strategically located in North and South AmericaEurope and Asia. Nexteer Automotive’s customers include BMW, Fiat Chrysler, Ford, GM, PSA Group, Toyota, VW, as well as automakers in India and Chinawww.nexteer.com

Photo – https://photos.prnasia.com/prnh/20170808/1914936-1

SOURCE Nexteer Automotive

CONTACT: Summer Hou Director Corporate Affairs Asia Pacific, Tel: +86 21 22157108, Mobile: +86 18616182177, E-mail: summer.hou@nexteer.com

RELATED LINKS
http://www.nexteer.com/

NAVITIME JAPAN Launches “NAVITIME for Japan Travel” App for Taiwanese Tourists Visiting Japan, Enabling Information to Be Displayed in Traditional Chinese Characters Additionally

NAVITIME JAPAN Co., Ltd. launched on August 8 its latest “NAVITIME for Japan Travel” app, which is now capable of displaying travel information in traditional Chinese characters additionally. As a result, since the NAVITIME for Japan Travel app displays travel routes, searches Wi-Fi spots offline, and offers travel articles and information in traditional Chinese characters, traveling in Japan is now even easier for visitors from Taiwan.

“NAVITIME for Japan Travel” is NAVITIME JAPAN’s proprietary, multilingual app that can search travel routes and maps based on the company’s comprehensive Total NAVI (R) search engine, which is capable of searching sightseeing spots, free Wi-Fi hotspots, trains, buses, walking routes and other useful travel information while offline. When the NAVITIME for Japan Travel service was initially launched in October 2013, NAVITIME JAPAN continually enhanced the service based on the assumption that English-language services would be the mainstream. However, the company has since added other languages and is now pleased to launch this latest service, making it so much easier for Taiwanese visitors to travel in Japan by displaying information in traditional Chinese characters.

Japan is improving its tourist infrastructure to better welcome the rapidly increasing number of visitors from abroad. For example, various business sectors are now displaying signs in multiple languages and offering better means of transportation to sightseeing spots. In line with this growth in tourist numbers, NAVITIME JAPAN, too, is committed to enhancing its services for foreign visitors, doing its utmost to continually enhance its service content by displaying, for example, the optimum travel routes and most up-to-date and thorough sightseeing information as possible. As NAVITIME JAPANCEO and President Keisuke Onishi proudly stated, “We are pleased that our latest service launch now better supports our valued visitors from Taiwan, too, enabling them to have more enjoyable, more convenient and safer trips to Japan.”

Features of the NAVITIME for Japan Travel app designed especially for visitors to Japanhttp://prw.kyodonews.jp/prwfile/release/M104492/201707264081/_prw_PA1fl_1CsBFWKO.pdf

Introduction movie: https://youtu.be/UIZRdyzggMM

Image: http://prw.kyodonews.jp/img/201707264081-O1-6N9mx66e

NAVITIME for Japan Travel download:

– iOS: https://itunes.apple.com/tw/app/navitime-for-japan-travel-transit-wi-fi-search/id686373726?mt=8&l=zh-tw
– Android OS: https://play.google.com/store/apps/details?id=com.navitime.inbound.walk

Downloads FREE

About NAVITIME JAPAN Co., Ltd.
URL: http://corporate.navitime.co.jp/en/profile/index.html

SOURCE NAVITIME JAPAN Co., Ltd.

CONTACT: Chiho Sazanami, Ryoko Arika, Corporate Administration and Planning Division, NAVITIME JAPAN Co., Ltd., Tel: +81-3-3402-0711, Email: pr_n@navitime.co.jp

Carrier Celebrates the 115th Anniversary of Modern Air Conditioning — Highlights Innovations and Milestones

What do summer blockbuster movies, boxed chocolates and skyscrapers have in common? It wasn’t until modern air conditioning came to movie theaterscandy confectioners and high-rise office buildings that these industries flourished with the addition of cool, temperature-controlled air. Now, 115 years later, Carrier marks the anniversary of modern air conditioning by highlighting recent innovative advancements and milestones that make our technology relevant today and quite simply, cooler than ever. Carrier Vietnam Air Conditioning Company Limited is a part of Carrier, a world leader in high-technology heating, air-conditioning and refrigeration solutions, a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).

“Carrier continues to develop new products and push the boundaries of smart technology. Beyond keeping people cool and comfortable, Carrier products are among the most energy-efficient products available today,” said Andrew Nguyen, managing director, Carrier Vietnam. “Through persistence, world-class engineering and a relentless commitment to innovation, Carrier is cooler than ever — and excited to deliver leading solutions to keep people around the world comfortable well into the future.”

Here are seven reasons to celebrate Carrier and our game-changing air conditioning technology.

7. Sustainable products. Globally, since 2000, Carrier products have avoided more than 225 million metric tons of carbon dioxide through advancements in energy efficiency, the equivalent of removing more than 47 million passenger vehicles from the road for one year. How cool is that?

6. Footprint in Vietnam. Established in 1994, Carrier opened offices in Ho Chi Minh City and Hanoi. In 1996, Carrier captured the contract for the tallest building in Hanoi and over the years, has continued to provide HVAC solutions to customers in various industries.

5. Our founder, Willis Carrier. The spirit of Willis Carrier, the inventor of modern air conditioning, is kept alive and well on williscarrier.com and on Twitter. Follow along with Willis as he shares the history and memorabilia surrounding the evolution of modern air conditioning.

4. The UTC Center for Intelligent Buildings. Carrier, and its industry-leading products, will be featured in the UTC Center for Intelligent Buildings, a first of its kind global customer experience center set to open later this year in Palm Beach Gardens, Florida.

3. Fostering a global dialogue. We believe that global dialogue can rebalance the built environment with the natural environment. We also believe that green building, which includes our high-efficiency air conditioning products, will accelerate with education. That’s why Carrier convenes the Distinguished Sustainability Lecture Series, in hopes that the discussions of today will help drive technological advancements and shape the decisions made for years to come. To date, the lecture series has reached over 3,850 professionals through 31 lectures in 19 cities across 15 countries. Events will be held later this year in Indonesia and India.

2. Carrier keeps food fresh and cool. Modern air conditioning paved the way for Carrier’s refrigeration technology for the transport and shipping of temperature controlled cargoes. Carrier understands that “fresh” is not simply about how recently produce was harvested or products were created. It is also about the conditions in which they have been transported. That is why Carrier provides transport refrigeration solutions that allow for precise control of temperature and humidity, preserving all types of perishable cargo no matter where it needs to go.

1. Carrier is constantly innovating. In fact, the air conditioning technology of the future is being developed right now. In 2016, United Technologies spent $3.7B on company and customer-funded research and development, supporting a variety of innovative new aerospace and building systems products including Carrier heating, cooling and refrigeration systems. That’s a lot of “cool”, hard cash.

Learn more about Carrier’s legacy of innovation, as well as the complete history of modern air conditioning, in Weathermakers to the World and on WillisCarrier.com. Follow @WillisCarrier on Twitter for more historic facts. Follow along on social media using the hashtag #carriercool.

About Carrier

Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.carrier.com or follow @Carrier on Twitter.

Contact:       

Hor Mei Peng
+65 6410-0111
Meipeng.hor@utc.com

Logo – https://photos.prnasia.com/prnh/20170801/1908203-1LOGO

SOURCE UTC Climate, Controls & Security

Intellicus Ranks 20th Among India’s Great Mid-Size Workplaces 2017

Maintaining its position as one of India’s best workplaces, Intellicus Technologies Pvt. Ltd., a leading business intelligence solutions company, has been ranked 20th in the list of India’s Great Mid-Size Workplaces -2017.

(Logo: http://mma.prnewswire.com/media/521678/Intellicus_Logo.jpg )

More than 600 organizations applied to Great Place to Work® Institute to assess and benchmark their workplace culture. The study, jointly conducted by Great Place to Work® Institute and MINT by HT Media, used two lenses to identify and evaluate workplaces with outstanding work cultures. The first lens is the quality of employee experience as measured through the institute’s globally validated survey instrument known as Trust Index©. The second lens, called the Culture Audit©, evaluates people practices of an organization, covering the entire employee life cycle.

Intellicus has been recognized for providing not only a stellar employee experience, but also for building a work culture that enables its employees to grow and achieve their professional aspirations. With its employee-friendly policies and open forums where employees can voice their opinions and suggestions, Intellicus has successfully built a conducive work environment.

Speaking on the achievement, Sanjeev Agrawal, VP – Operations & Human Empowerment Group said, “This award is a recognition of our culture of trust, respect, and transparency at Intellicus. As an organization, we strive to further raise the bar and deliver great experience to all our employees and partners.”

About Intellicus Technologies Pvt. Ltd.

Intellicus is one of the world’s leading Business Intelligence and Analytics platforms. More than 60% of Fortune companies are using Intellicus to build powerful reports and dashboards with ease. Our interactive web and mobile platforms give users the power to access, view, and interact with corporate data anywhere. With over 50,000 installations worldwide, we are assisting organizations to make better informed decisions. To learn more, visit: http://www.intellicus.com or write to: marketing@intellicus.com, and follow us on Twitter and LinkedIn.

Media Contact:
Shilpi Puri
Manager, Intellicus Technologies
marketing@intellicus.com
+91-9810802588

SOURCE Intellicus Technologies Pvt. Ltd.

Expenzing Featured in Gartner Market Guide for Travel Expense Management 2017

Expenzing, a leader in end-to-end expense management software solutions, announced that its Travel and Expense Management (TEM) solution is featured in the Gartner Market Guide for Travel Expense Management 2017 report. The report published by Gartner lists leading players providing TEM solutions worldwide along with their offering and capabilities.

(Logo: http://mma.prnewswire.com/media/542621/Expenzing_Logo.jpg )

The report provides insights on industry trends, market size and direction, and shares key findings and recommendations. Gartner mentions that cloud-based application offerings generally deliver the most functionality and provide the most modern end-user experience.

Expenzing offers specialized expense management software solutions on the cloud to help CFOs and procurement leaders bring in better financial controls in their organization. Expenzing helps organizations centralize and automate the expense management and procurement processes to achieve better visibility and control.

“We consider Expenzing inclusion in the Gartner TEM report as a recognition of maturity of our TEM product and marking the introduction of unique product features that are yet to be adopted by other global players”, said Ila Imani, CEO – Expenzing. She adds, “Expenzing Travel and Expense Management is a flexible and modular solution that can be used as a complete suite or as a stand-alone module. Expenzing’s broader spend management suite fills the ever-increasing gaps which traditional ERPs fall short on.”

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

About Expenzing:
Expenzing partners with organizations to facilitate, manage and control spend across the organization. Expenzing delivers process control software designed to save costs while continuously improving operations. Solutions include all aspects of spend and payment: right from sourcing, supplier management, procurement, e-invoicing, accounts payable to travel and expense management. Specialized solutions for asset management, imprest (petty cash management), and contracts are also part of the offerings. Expenzing has operations around the world in USA, LATAM, Middle East & AfricaSouth East Asia, including India. ​

To learn more about Expenzing, visit http://www.expenzing.com and connect on LinkedIn

Media Contact:
Divya Singh
Marketing Manager
Expenzing – Nexstep Infotech Pvt. Ltd.
marketing@expenzing.com
+91-22-33417400

 

SOURCE Expenzing

E8 Storage’s E8-X24 Leverages Intel® Optane™ SSDs to Deliver Extreme Performance and Ultra-Low Latency

E8 Storage today announced its E8-X24 centralized NVMe appliance, which utilizes Dual Port Intel® Optane™ SSDs to deliver extreme storage performance and ultra-low latency for mission-critical applications. E8 Storage is the first vendor in the industry ready to deliver shared memory cache storage based on Storage Class Memory SSDs for Tier 0 performance.

The combination of Intel’s Optane™ high-speed, non-volatile solid-state storage and E8 Storage’s E8-X24 high-performance centralized NVMe solution is a powerful storage offering that is uniquely suited for applications such as real-time, high-volume trading. The Tel Aviv Stock Exchange (TASE) is one such customer that is currently examining E8 Storage’s E8-X24 centralized storage appliance and software stack in its data center.

“E8 Storage allows us to build a shared storage solution with latency that rivals in-memory database clusters, but unlike in-memory solutions it allows us to scale capacity easily as well as share volumes between many nodes in the Tel Aviv Stock Exchange cluster,” said Uri ShavitSVP, CIO, IT and Operations Departmentthe Tel Aviv Stock Exchange. “E8 Storage’s solution, coupled with Dual Port Intel® Optane™ SSDs, has a potential in the field of high-frequency trading and represents a new breed of storage product that we have not seen before. The Tel Aviv Stock Exchange has always adopted state-of-the art technology, and we have very stringent reliability and supportability requirements. We are pleased to evaluate this innovative solution from E8 Storage and Intel to meet our needs for ultra-low latency storage and further expand our capabilities for TASE investors.”

“One of the strongest features of E8 Storage’s architecture is the ability to introduce the latest SSD technology while maintaining extreme performance and high availability,” said Zivan Ori, CEO and Co-Founder, E8 Storage. “Dual Port Intel® Optane™ SSDs are a perfect fit for our shared NVMe solution, and E8 Storage allows most innovative customers like the Tel Aviv Stock Exchange, to introduce these new SSDs into their applications without any modification to their existing infrastructure.”

E8 Storage now offers a range of performance options to suit customers’ needs. The ability to provide storage for memory cache replacement as well as datastores – both within a single appliance or dedicated appliances – gives enterprises the flexibility to choose the right deployment model for their specific requirements. The E8-X24 is available for testing with select customers; for more details please contact info@e8storage.com.

About E8 Storage

E8 Storage provides the industry’s first-ever centralized NVMe enterprise storage solution, delivering simple, centralized storage management at the speed of local SSDs. The company’s rack-scale all-flash arrays are ideally suited for the most demanding mission-critical workloads needing performance without compromise, including real-time analytics, financial and trading applications, and transactional processing. E8 Storage’s next-generation high-performance flash storage delivers 10 times the performance at half the cost of existing storage products, is easily upgradeable and expandable, and enables consolidation to increase SSD utilization to over 90%. Privately held, E8 Storage is based in Santa Clara with R&D in Tel Aviv, and channel partners throughout the US and Europe. For more information, please visit http://www.e8storage.com, and follow us on Twitter @E8Storage and LinkedIn.

Press Contacts:
Maya Lustig, E8 Storage
maya@e8storage.com
+972-54-6778100

Michelle Allard McMahon/Candice Perodeau
E8Storage@rainierco.com
508-475-0025

About the Tel Aviv Stock Exchange (TASE)

The Tel Aviv Stock Exchange Ltd. was founded in September 1953. The TASE group, which consists of the stock exchange, the TASE Clearing House and the Derivatives Clearing House, provides local and international investors with trading and clearing in securities, including stocks, corporate bonds, government bonds, index-tracking products and derivatives. The Tel Aviv Stock Exchange is home to over 450 listed companies, with a total market value of approximately USD 225 billion, 600 corporate bonds and 690 ETFs. For further information: http://www.tase.co.il

Press Contacts:
Orna Goren, Head of Marketing & Communications Unit, the Tel-Aviv Stock Exchange
ornag@tase.co.il
+972-76-8160405

Yael Arnon-Livne, Sherf Communications
yaela@scherfcom.com
+972-52-7202703

 

SOURCE E8 Storage

The Peninsula Boutique and La Compagnie Du Kraft Introduce a New Collection of Handcrafted Notebooks

The Peninsula Boutique and La Compagnie du Kraft join hands to create a modern classic — introducing a collection of handcrafted notebooks constructed from stylish, yet sturdy vegetal tanned leather and pure virgin fibre paper from France.

Classic, sophisticated, reliable — these are traits that differentiate the legendary from the ordinary. This collaboration between The Peninsula and La Compagnie du Kraft is representative of both heritage and excellence, presented through the finest handcrafted leather notebooks. They are the perfect place for treasured thoughts, musings and memories.

Featuring three different colours: Chic Green, Cool Brown and Classic Red in a variety of sizes, the delicate de-bossed fleur de lys pattern on the cover was inspired by the motifs from The Lobby at The Peninsula Hong Kong. Using the finest leather that will age with time, each of these notebooks is assembled by artisans in FranceGift set with pencils and paper refills is also available.

For a notebook of a lifetime, send a personalised La Compagnie du Kraft gift with hot stamping available exclusively from peninsulaboutique.com.

Leather Notebook — Chic Green — 107 x 150 mm  HK$ 395
Reflecting the signature colour of the hotel’s renowned Rolls-Royce fleet, this pocket-sized notebook is handy for jotting down notes or keeping memories and treasured thoughts.

Leather Notebook — Cool Brown — 107 x 150 mm  HK$ 395
This cool brown leather notebook is perfect for that scholarly look.

Leather Notebook — Chic Green — 150 x 210 mm  HK$ 595
Reflecting the signature colour of the hotel’s renowned Rolls-Royce fleet, this easy-to-carry notebook is perfect for travel and keeping a record of special thoughts.

Leather Notebook — Classic Red — 150 x 210 mm  HK$ 595
This classic red leather notebook lends an air of finesse, perfect for travel and keeping a record of special thoughts.

Leather Notepad — Classic Red — 135 x 200 mm  HK$ 565
Inserted with pure virgin fibre paper, this classic red notepad is ideal for travelling, writing a diary and storying thoughts and special moments.

Leather Notepad — Cool Brown — 135 x 200 mm  HK$ 565
For that perfect scholarly look, this cool brown notepad is ideal for travelling, writing a diary and storying thoughts and special moments.

Notebook Refill (107 x 150 mm HK$ 115 / 135 x 200 mm HK$ 155 / 150 x 210 mm HK$ 165)
Keep the treasured notebook restocked simply by unscrewing the binding to refill the paper so customers can continue to record thoughts and allow the natural leather cover to age as time goes by.

Leather Notebook Gift Set HK$ 525
Leather Notebook — Chic Green — A6 (1 pc), Notebook Refill A6 (1 pc), Pencils (4 pcs)
This classic gift set combines a small chic green leather notebook with four pencils and paper refill — a thoughtful gift for those who love writing.

For more information or to place orders, please visit The Peninsula Boutique, The Peninsula Arcade, Salisbury Road, Tsim Sha TsuiKowloon or enquire by phone +852-2696-6969, fax +852-2696-6973; opening hours: 9:30 am to 7:30 pm. Or visit The Peninsula Boutique at Shop 7E144, Level 7, East Hall, Terminal 1 (Restricted Area), Hong Kong International Airport, New Territories (in the “I Love Hong Kong” retail zone); enquire by phone at +852-2812-0421, fax +852-2812-0432; opening hours: 7:00 am to 11:00 pm. E-mail hongkongtpb@peninsula.com or visit www.peninsulaboutique.com.

About Peninsula Merchandising Limited

A subsidiary of The Hongkong and Shanghai Hotels, Limited, Peninsula Merchandising Limited distributes Peninsula merchandise and licences Peninsula Boutiques in key gateways of Asia.

The Peninsula Boutique outlets are located at The Peninsula Hotels in Hong KongBeijingShanghaiTokyo (Boutique & Cafe), ManilaBangkok and Chicago. Peninsula merchandise is also available at The Peninsula Boutiques throughout Asia in leading department stores and shopping malls in Hong KongTaiwan and online delivery in Hong Kong, Korea and Taiwan at peninsulaboutique.com.

About The Hongkong and Shanghai Hotels, Limited

Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), The Hongkong and Shanghai Hotels, Limited is the holding company of a group which is engaged in the ownership, development, and management of prestigious hotels and commercial and residential properties in key locations in Asiathe United States and Europe, as well as the provision of tourism and leisure, club management and other services. The Peninsula Hotels portfolio comprises The Peninsula Hong Kong, The Peninsula Shanghai, The Peninsula Beijing, The Peninsula Tokyo, The Peninsula New York, The Peninsula Chicago, The Peninsula Beverly Hills, The Peninsula Bangkok, The Peninsula Manila and The Peninsula Paris. Projects under development include The Peninsula London and The Peninsula Yangon. The property portfolio of the group includes The Repulse Bay Complex, The Peak Tower, The Peak Tramways and St. John’s Building in Hong Kong; The Landmark in Ho Chi Minh City, Vietnam; the Thai Country Club in Bangkok, Thailand, and 21 avenue Kleber in Paris, France.

For further information, please contact:
Ms Lamey Chang
Manager, Communications
Peninsula Merchandising Limited
Suite 1002, Tower 6, China Hong Kong City
33 Canton Road, Tsim Sha TsuiKowloon, Hong Kong
Telephone: +852 2193 6610
Facsimile: +852 3007 2131
Email: lameychang@peninsula.com
Website: www.peninsulaboutique.com

Photo – https://photos.prnasia.com/prnh/20170807/1914808-1

SOURCE Peninsula Merchandising Limited

RELATED LINKS
http://www.peninsulaboutique.com

A MATRIX Chain Seeking to Define Blockchain 3.0 by Incorporating Blockchain and AI

A few days ago, a blockchain called “MATRIX Chain”, which several Chinese scientists have played a leading role in the research and development, made a splash in its sector. By incorporating artificial intelligence (AI) into the underlying data chain, the innovation has made this blockchain smarter, easier to use, and capable of evolving constantlythrough self-learning.

Starting with the underlying technology of blockchain

According to MATRIX’s AI chief scientist Deng YangdongMATRIX Chain, as a new generation of blockchain with AI, can dynamically update the parameters for various blockchains so as to realize self-evolution. Furthermore, MATRIX Chain can also address the issues during the finalization of the current blockchain designs and the inflexibility in adjusting various blockchain parameters. For this, MATRIX Chain could be deemed as blockchain 3.0.

Automatically discriminating loopholes in transactions 

“Smart contracts of MATRIX Chain are dedicated to address the above issues for which the solution is a conventional centralized system,” explained Li QinghuaMATRIX’s chip and software architecture chief scientist. With the introduction of AI models based on the principle of non-discrimination, the smart contracts of MATRIX Chain enable the automatic judgment on the reasonability of transaction models, the automatic detection on loopholes in transactions, and the execution of a civilized process of transactions under contracts. Furthermore, with built-in AI transaction models, and upon the approval of users, unreasonable transactions will be automatically refused, establishing a rule for MATRIX Chain transactions.

Setting up a blockchain that everyone knows how to use

By incorporating AI-based algorithm, MATRIX Chain is able to solve many non-linear and more complicated problems, largely lowering the barrier to application and thus significantly improving the scope of application of blockchain technology.

Deng said that quasi-Ethereum smart contracts are more like an exclusive application for a small group of technicians who are familiar with codes than a generic one for ordinary users. However, after AI has been incorporated, the only operation ordinary users need to do to generate a smart contract is to type in the transaction objective and textual description of transaction conditions, making smart contract service easily accessible for everyone.

SOURCE MATRIX

CONTACT: Neo, +86-186-1146-6297, neo@matrix.space

Non-Destructive Testing and Inspection Market Worth 12.06 Billion USD by 2023

According to the new market research report “Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography – Global Forecast to 2023″, published by MarketsandMarkets™, the Non-Destructive Testing (NDT) Market is expected to be worth USD 12.06 Billion by 2023, growing at a CAGR of 7.83% between 2017 and 2023. Factors that are driving the market growth include continuous advancements in electronics, and automation and robotics, growing adoption of IoT solutions, and need to prolong the lifespan and increase the capability of aging assets.

(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 79 Market Data Tables and 45 Figures spread through 202 Pages and in-depth TOC on “Non-Destructive Testing and Inspection Market”

http://www.marketsandmarkets.com/Market-Reports/non-destructive-testing-ndt-equipment-services-market-882.html

Early buyers will receive 10% customization on this report

The ultrasonic testing technique to hold the largest share of the non-destructive testing market

Ultrasonic testing accounted for the largest market share in 2016. It is a fast, reliable, and versatile technique of inspection which has helped expand the boundaries of NDT inspection. It can detect internal and hidden discontinuities such as lack of fusion, cracks, and lack of bond. The rapid infrastructural development and aging infrastructure is fueling the growth of the ultrasonic testing technique in NDT market.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=882

Market for the manufacturing vertical expected to grow at the highest rate during 20172023

The market for the manufacturing vertical is expected to grow rapidly between 2017 and 2023. This sector is expected to be driven by government policies and safety awareness for non-destructive testing. Also, the increasing demand for the manufacturing of aircraft, electronic equipment would raise the need for NDT inspection.

North America expected to hold the largest market share during the forecast period

North America has been a leading player in NDT market in 2016. The oil and gas vertical accounted for the largest share of the market in North America. The reason behind this growth is the increasing demand for NDT services for subsea pipelines applications as they are used to inspect corrosion, cracking, manufacturing flaws, welds, and deposits. The US held the largest share of the North American NDT market in 2016.

General Electric Company (US), Olympus Corporation (Japan), Ashtead Technology Ltd. (UK), MISTRAS Group Inc. (US), Nikon Corporation (Japan), Magnaflux Corporation (US), Zetec Inc. (US), Sonatest Ltd. (UK), Sonotron NDT (Israel), Bosello High Tech SRL ( Italy), Yxlon International GmbH (Germany), Fischer Technology Inc. (US), and Eddyfi NDT Inc. (Canada) are the key players in the market.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=882

This research report categorizes the global non-destructive testing market on the basis of technique, method, service, vertical, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the NDT market.

Browse Related Reports

Ultrasonic Testing Market by Type (Time-of- Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube Inspection, Transducers & Probes, Bond testers), Service, Vertical, and Geography – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/ultrasonic-testing-market-131229239.html

Eddy Current Testing Market by Type (Conventional Eddy Current, ACFM, RFT, Eddy Current Array, Pulsed Eddy Current, Near-Field Testing, Near-Field Array, Partial Saturation Eddy Current), Service, Vertical, and Geography – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/eddy-current-testing-market-47908998.html

Subscribe Reports from Semiconductor Domain @http://www.marketsandmarkets.com/Knowledgestore.asp

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’s 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.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

Persistent Systems Recognized for IoT Technology Competency in ‘Zinnov Zones 2017 – IoT Technology Services’ Report

Company rated Established & Expansive for overall IoT competency and placed in leadership zones for Platform and Application CompetencyBig Data Management and Analytics Services

In its just released report ‘Zinnov Zones 2017 for IoT Technology services,’ Zinnov Management Consulting positions Persistent Systems (BSE & NSE: PERSISTENT) among the leading players for its IoT competency. Persistent is also placed in the leadership zones for ‘Platform and Application Competency’, ‘Big Data Management’ and ‘Analytics Services’.

(Logo: http://photos.prnewswire.com/prnh/20141106/714346 )

(Photo: http://mma.prnewswire.com/media/542594/IoT_Platform_and_Application.jpg )

(Photo: http://mma.prnewswire.com/media/542595/IoT_Overall_Ratings.jpg )

(Photo: http://mma.prnewswire.com/media/542596/IoT_Big_Data_Management.jpg )

The ‘Zinnov Zones 2017 for IoT Technology services,’ is an annual study to help business leaders select the best partner across geographies, as they spearhead global IoT initiatives. The rating is based on key parameters including innovation, capabilities, financials, human capital, ecosystem linkages, infrastructure, maturity and diversity of services, scale, and diversity across verticals. For additional details, please visit https://www.slideshare.net/zinnov/zinnov-zones-for-iot-services

The Zinnov ranking further demonstrates Persistent’s strength in the market.

Sanjeev Srivastav, Senior Vice President, IoT Business, said, “ The Persistent Flywheel framework is accelerating development and adoption of IoT systems by focusing on end-to-end solutions including aspects like ecosystem development and monetization. Our ‘Zero to Live in a Turn of the Flywheel’ approach brings agility to IoT development. Persistent’s dedicated focus on IoT products, solutions and services helps provide a full spectrum of engagement models including product licensing, solution development and managed services and in turn bring accelerated value to our customers.”

Sidhant Rastogi, Partner & Practice Head, Zinnov, said, “With a strong partner ecosystem, IP strategy and unique strengths in key technology areas, Persistent has established a position among the leading players in IoT Technology services. Persistent is strongly positioned for the second year in a row because of its expertise in Cognitive IoT, Machine Learning, Continuous Engineering, IoT monetization and API management.”

Additional Resources and Information:

About Zinnov:

Zinnov was founded in 2002, with presence in Bangalore, Gurgaon, Silicon Valley, and Houston. Since its inception, Zinnov has built in-depth expertise in Product Engineering and Digital Transformation. With a strong foundation in Research and Strategy Consulting they enable their clients to accelerate growth and create efficiencies through innovation, productivity, technology, networked economies and cost savings. They work with clients in the software, automotive, telecom & networking, consumer electronics, storage, healthcare, financial services & retail, and semiconductor verticals in US, Europe, Japan and India.

For any further media queries, please contact Nitika Goel at media@zinnov.com

About Persistent Systems: 

Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation.

Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: https://www.persistent.com/FLCS

Media Contacts:

Akshata Datar
Text100
+91-9867507599
akshata.datar@text100.co.in

Isha Kulkarni
Persistent Systems
+91-7350521177
isha_kulkarni@persistent.com

Ken Montgomery
Persistent Systems (US)
+1-949-939-5164
ken_montgomery@persistent.com

SOURCE Persistent Systems

A MATRIX Chain Seeking to Define Blockchain 3.0 by Incorporating Blockchain and AI

Blockchain is definitely a hotspot of today’s cutting-edge technologies in the world, and a variety of innovations are constantly emerging. However, while most of the technology focuses on token issuance and commercial applications, those on the fundamental technology of blockchain – Data Chain are very rare. When most of the people still think that blockchain is new, there is a group of Chinese people who have already set eyes on the next generation of blockchain technology.

A few days ago, a blockchain called “MATRIX Chain”, in which several Chinese scientists played a leading role in the research and development, made a splash in its sector. By incorporating artificial intelligence (AI) into the underlying data chain, the innovation has made this blockchain smarter, easier to use, and capable of evolving constantly through self-learning. Several new points of the concept of “MATRIX Chain” have attracted broad attention in the industry since its proposal.

Starting with the underlying technology of blockchain

“Now, artificial intelligence is not only the most popular term in high technology, but also the most important technology that has been acknowledged as the future direction of scientific and technological development,” Deng Yangdong, chief scientist of MATRIX on AI, indicated that the combination of blockchain technology with AI represents the future direction of blockchain development.

Deng Yanddong is associate professor of Tsinghua University, and also a renowned artificial intelligence scholar in China. He had acted as a team leader to win the first place in Pascal Artificial Intelligence International Competition. It has always been one of his great ambitions to combine the technologies of artificial intelligence with blockchain and advance the actual application of these two technologies.

For some of the currently popular blockchains, when a chain is set after research and development, its core parameters will be fixed accordingly. With the changes in service targets and in external environment, however, many parameters will have difficulties in its applications. For instance, because the size of block for bitcoin was set at 1 Mbyte, and the time for a single mining process at 10 minutes, the conditions at the initial stages were relatively relaxed. Since 2016, online transactions have become very intensive, and most of the intensive commercial transactions are not suitable to be carried out with bitcoins.

As the earliest version of blockchain technology, bitcoin can be called the first generation of blockchain technology, or blockchain 1.0, but during the initial design of bitcoin, no consideration had been given to the larger-scale application of this technology later onMining and establishment of a distributed ledger turned to be the core of bitcoin, which resulted in a very low commercial scalability and efficiency.

In order to solve the problem, Ethereum emerges. With smart contracts as its core, Ethereum provides an interface and system that is more suitable for larger-scale commercial applications of Blockchain, while enhancing efficiency. Therefore, Ethereum is widely considered by its sector as the second generation of blockchain technology, or blockchain 2.0.

According to Deng Yangdong, MATRIX, as the new generation of blockchain and with the introduction of AI, it can dynamically update the parameters for various blockchains so as to create self-evolution in the industryFurthermore, MATRIX Chain can also address the issues during the finalization of the current blockchain designs and the inflexibility in adjusting various blockchain parameters. For this, MATRIX Chain could be deemed as blockchain 3.0.

Automatically discriminating against loopholes in transactions

Smart contracts are the core link in the application of blockchain technology, but conventional transactions under smart contracts are still in a risky stage, with each transaction posing a “risk”. This is also one of the important causes that blockchain technology is now facing difficulties to be put into mass application.

“The root cause of this phenomena lies in that a blockchain is designed in a trustless environment, and this means there is no way to correct any errors that occur”, Li Qinghua, chief scientist of MATRIX on chip and software architecture, was quoted as saying.

Li is a renowned expert on chip design in Chinaand once was the head of the R & D department and chief architect in designing the first WiFi chip in China.

He stated with an example that, in a current blockchain, if currency is sent to a certain address, the operation will be irreverisible. This means that if a dealer sends currency to a wrong address, the currency will be lost. Likewise, something similar to the phishing on the Internet can also happen in blockchains, in which case a hacker exploits the loopholes in contracts through setting up traps, and the transactions of this type can’t be retrieved either.

Moreover, if any man-made error occurs when a user is writing a contract, such as a fat-finger error in a stock market transaction or a wrong quotation in a foreign exchange transaction (for example, quotation in RMB/USD mistaken for that in USD/RMB), the above-mentioned transaction can be revoked in reality through a controlled system. However, in a decentralized system, it will only let the dealer take the risk in the same way as they do in conventional contracts.

Smart contracts for MATRIX Chain are dedicated to addressing the above issues for which the solution is a conventional centralized system,” Li explained, with the introduction of AI models based on the principle of non-discrimination. The smart contracts for MATRIX Chain let the automatic judgment on the quality of transaction models, the automatic detection of loopholes in transactions, and the execution of a civilized process of transactions under contracts.

Setting up a blockchain that anyone knows how to use

Decentralization, openness, tamper-proofing etc. are the core features of blockchain technology, and these features determine how widely blockchain can be applied: as long as a transaction is made between multiple parties who lack trust in each other, blockchain technology can be used.

The application of blockchain technology has been launched in many governmental agencies and organizations globally, as well as in large enterprises, involving many industries such as finance, communication, medical treatment, and real estate. As far as ordinary users are concerned, blockchaintechnology is too complicated and difficult to understand.

“Specialization and complexity has always been a major obstacle to the commercial application of blockchain technology,” Deng pointed out, although Ethereum provides smart contracts, it now can only address simple linear problems, but has no way to respond to more complicated contractual conditions. This significantly limits the space and scope of the transactions and applications over the chains.

Instead, MATRIX, which has incorporated AI-based algorithm, is able to solve many non-linear and more complicated problems, largely lowering the problem in its application and thus significantly improving the range of blockchain technology applications.

Deng said that quasi-Ethereum smart contracts are more like an exclusive application for a small group of technicians who are familiar with codes than a generic one for ordinary users. However, after AI has been incorporated, the only operation ordinary users need to do to generate a smart contract is to type in the transaction objective and textual description of transaction conditions, making the smart contract service easily accessible for everyone.

SOURCE MATRIX

CONTACT: Neo, +86-18611466297, neo@matrix.space

China’s Co-Working Unicorn UrWork Completes Pre-C Round, Fuelling Further Global Expansion

China’s largest co-working space provider UrWork announced today to have received pre-C round funding equivalent of US$178 M, fuelling further global expansion and technology upgrading.

UrWork (Beijing) Venture Investment Ltd (UrWork) announced today to have completed pre-C round funding of US$178M, led by Beijing Capital Land, Star Group, Beijing Aikang Group and Prosperity Holdings, in the wake of UrWork’s recent launch in Singapore.

“The pre-C round funding cements UrWork’s position as the leading co-working space provider in Asia,” said UrWork’s founder and CEO Dr.Mao Daqing, a real estate veteran with over 23 years of experiences under his belt, including in executive roles at CapitaLand and Vanke China.  He commented that the investment will be deployed to drive further global expansion and technology upgrading. “It will help further strengthen our core verticals and will see a series of facility and service upgrading at UrWork that sets us apart from other contenders,” Mao said.

“Dr. Mao Daqing has demonstrated entrepreneurial vision and strong leadership that are unrivalled by few in the coworking industry in Asia,” said Mr. Tang Jun, President of Beijing Capital Land. “We see this as an opportunity to innovate our business model and strengthen our existing real estate portfolio with some exciting and differentiated additions.  I am delighted to join force with a company that reflects our values and complement our strengths.”

Mr. Tang adds that UrWork’s close ties with the Chinese government, the growth prospect of co-working industry, strong growth momentum and strong management team are core factors that influenced the deal. The two companies will partner in stock asset revitalisation and resource sharing, among others.

Beijing Capital Land Ltd. (BCL, Stock Code: HK2868) is a leading integrated real estate developer in China, focusing on residential development, outlet complex and urban core complex, complemented by innovative business areas such as primary land development and high-tech industry.

The majority shareholder of BCL is Beijing Capital Group Co., Ltd. (BCG), a large state-owned enterprise affiliated to the State-Owned Assets Supervision and Administration Commission of the Beijing Municipality. Its second largest shareholder, GIC Private Limited, is a major sovereign wealth fund wholly owned by the Government of Singapore. Guided by the principles of “creating new urban lifestyle”, BCL is innovating its business model, while revitalising dormant spaces in central CBD area to create connected spaces merging professional work with lifestyle.

“The rising concept of co-working addresses the more mobile working style that modern urban professionals have today, where an increasing number of young people work on the go, resulting in an under-utilisation of stock assets. By revitalising the spaces with craft architecture, designer interior and connected technology, we recapture the latent stock spaces, creating more added values,” said Mao, who is also the founder and CEO of 5LMeet, China’s first co-living concept company, launched recently in partnership with Traders Hotel in Beijing CBD.

“The total market capitalisation of share economy is estimated to reach US$335 billion, with 36% year-to-year growth rate. China’s sharing economy volume is likely to crown the world within the next three to five years. It’s an exciting time and we believe the right timing to invest in a fast-growing company like UrWork, “said Gan Lianfang, founder and Chairman of Star Group.  Star Group started as China’sleading manufacturer of table-tennis equipment and has grown to become an integrated investment company with expanding portfolio in health care and real estate sectors. The company seeks to explore new ways of upgrading the industry and equity-investment business model through the partnership with UrWork.

Beijing Aikang Group, founded in 1993, is a leading Chinese conglomerate with diversified investment portfolio in pharmaceutical and medical, securities and bonds, hospitality and catering, as well as real estate sectors. With a clear health-oriented investment strategy, the company aims to complement UrWork’s existing portfolio with real estate resources in healthcare sectors.

Prosperity Holdings was founded in Shanghai in 2011 and has since been focusing on asset diversification and management including property investment, corporate equity investment, securities and bonds and investment advisory. Its investment portfolio encompasses residential property, commercial property, healthcare, new energy, clean tech, supply chain, entertainment and art. Trough the strategic investment, Prosperity Fund will support UrWork with further roll-out in the US, as well as developing innovative service products that adds more values to the UrWork members.

By Feb 2017, there has been 186 unicorns globally, among which 42 are in China. Unicorns in the sharing economy sector take up to 36%, including Didi Chuxing, E Le Me (“Are you hungry” in English), UrWork etc, covering transportation, food, fintech, coworking, supply chain sectors. As the coworking landscape is evolving (4000 companies in China so far), so is the perception on coworking. In lieu of the traditional indie start-ups and freelancers, modern Fortune 500 and innovative SMEs are occupying more of the spaces, with the purpose of tapping the business synergy of the open community. UrWork is actively pushing the boundary to connect smart working with lifestyle, generating countless jobs for the coworking industry.

For editors:

UrWork (Beijing) Venture Investment Co., Ltd, known as UrWork, is a co-working disrupter and leader in China, providing start-ups, SMEs and corporate tenants with on-demand, short-term leasing and customised space solutions at an exceptional value. Backed by renowned investors such as Sequoia Capital, Zhen Fund, Noah Wealth Management, Sinovation Ventures, UrWork posts a post-C round valuation of US$ 1.5 billion.

With 88 locations in over 22 cities as of Aug 2017, UrWork sets to open another 160 locations across 32 cities worldwide including in ChinaSingaporeNew York, Los Angeles San Francisco and London over the next three years, covering a total area of over 7M sq.ft.

Aggregating over 1000 professional business service suppliers across a broad spectrum, UrWork serves over 40,000 individual members and over 3000 enterprises. It counts Unicorns such as ofo bike, BlueGogo, Mobike, Amazon China, Jin Ri Tou Tiao, Netease, JD logistics as corporate members. The company offers in-house Express Financing program and a series of acceleration programs to help start-ups scale and grow. Its proprietary Link China Program partners with Chinese government agencies and a broad range of service suppliers to help foreign start-ups ease market-entry in to China.

Visit http://www.urwork.cn to access more information about the facility, marketing programs and mentor programs from the company. 

CONTACT: 

Helena Ma
UrWork PR Support
Tel: +65 97243153
Email: 
helena.ma@ideacommunication.co

SOURCE UrWork

RELATED LINKS
http://www.urwork.cn

Non-Destructive Testing and Inspection Market Worth 12.06 Billion USD by 2023

According to the new market research report “Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography – Global Forecast to 2023″, published by MarketsandMarkets™, the Non-Destructive Testing (NDT) Market is expected to be worth USD 12.06 Billion by 2023, growing at a CAGR of 7.83% between 2017 and 2023. Factors that are driving the market growth include continuous advancements in electronics, and automation and robotics, growing adoption of IoT solutions, and need to prolong the lifespan and increase the capability of aging assets.

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Browse 79 Market Data Tables and 45 Figures spread through 202 Pages and in-depth TOC on “Non-Destructive Testing and Inspection Market”

http://www.marketsandmarkets.com/Market-Reports/non-destructive-testing-ndt-equipment-services-market-882.html

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The ultrasonic testing technique to hold the largest share of the non-destructive testing market

Ultrasonic testing accounted for the largest market share in 2016. It is a fast, reliable, and versatile technique of inspection which has helped expand the boundaries of NDT inspection. It can detect internal and hidden discontinuities such as lack of fusion, cracks, and lack of bond. The rapid infrastructural development and aging infrastructure is fueling the growth of the ultrasonic testing technique in NDT market.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=882

Market for the manufacturing vertical expected to grow at the highest rate during 20172023

The market for the manufacturing vertical is expected to grow rapidly between 2017 and 2023. This sector is expected to be driven by government policies and safety awareness for non-destructive testing. Also, the increasing demand for the manufacturing of aircraft, electronic equipment would raise the need for NDT inspection.

North America expected to hold the largest market share during the forecast period

North America has been a leading player in NDT market in 2016. The oil and gas vertical accounted for the largest share of the market in North America. The reason behind this growth is the increasing demand for NDT services for subsea pipelines applications as they are used to inspect corrosion, cracking, manufacturing flaws, welds, and deposits. The US held the largest share of the North American NDT market in 2016.

General Electric Company (US), Olympus Corporation (Japan), Ashtead Technology Ltd. (UK), MISTRAS Group Inc. (US), Nikon Corporation (Japan), Magnaflux Corporation (US), Zetec Inc. (US), Sonatest Ltd. (UK), Sonotron NDT (Israel), Bosello High Tech SRL ( Italy), Yxlon International GmbH (Germany), Fischer Technology Inc. (US), and Eddyfi NDT Inc. (Canada) are the key players in the market.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=882

This research report categorizes the global non-destructive testing market on the basis of technique, method, service, vertical, and geography. This report describes the drivers, restraints, opportunities, and challenges for the growth of the NDT market.

Browse Related Reports

Ultrasonic Testing Market by Type (Time-of- Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube Inspection, Transducers & Probes, Bond testers), Service, Vertical, and Geography – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/ultrasonic-testing-market-131229239.html

Eddy Current Testing Market by Type (Conventional Eddy Current, ACFM, RFT, Eddy Current Array, Pulsed Eddy Current, Near-Field Testing, Near-Field Array, Partial Saturation Eddy Current), Service, Vertical, and Geography – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/eddy-current-testing-market-47908998.html

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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’s 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.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets

A MATRIX Chain Seeking to Define Blockchain 3.0 by Incorporating Blockchain and AI

Blockchain is definitely a hotspot of today’s cutting-edge technologies in the world, and a variety of innovations are constantly emerging. However, while most of the technology focuses on token issuance and commercial applications, those on the fundamental technology of blockchain – Data Chain are very rare. When most of the people still think that blockchain is new, there is a group of Chinese people who have already set eyes on the next generation of blockchain technology.

A few days ago, a blockchain called “MATRIX Chain”, in which several Chinese scientists played a leading role in the research and development, made a splash in its sector. By incorporating artificial intelligence (AI) into the underlying data chain, the innovation has made this blockchain smarter, easier to use, and capable of evolving constantly through self-learning. Several new points of the concept of “MATRIX Chain” have attracted broad attention in the industry since its proposal.

Starting with the underlying technology of blockchain

“Now, artificial intelligence is not only the most popular term in high technology, but also the most important technology that has been acknowledged as the future direction of scientific and technological development,” Deng Yangdong, chief scientist of MATRIX on AI, indicated that the combination of blockchain technology with AI represents the future direction of blockchain development.

Deng Yanddong is associate professor of Tsinghua University, and also a renowned artificial intelligence scholar in China. He had acted as a team leader to win the first place in Pascal Artificial Intelligence International Competition. It has always been one of his great ambitions to combine the technologies of artificial intelligence with blockchain and advance the actual application of these two technologies.

For some of the currently popular blockchains, when a chain is set after research and development, its core parameters will be fixed accordingly. With the changes in service targets and in external environment, however, many parameters will have difficulties in its applications. For instance, because the size of block for bitcoin was set at 1 Mbyte, and the time for a single mining process at 10 minutes, the conditions at the initial stages were relatively relaxed. Since 2016, online transactions have become very intensive, and most of the intensive commercial transactions are not suitable to be carried out with bitcoins.

As the earliest version of blockchain technology, bitcoin can be called the first generation of blockchain technology, or blockchain 1.0, but during the initial design of bitcoin, no consideration had been given to the larger-scale application of this technology later onMining and establishment of a distributed ledger turned to be the core of bitcoin, which resulted in a very low commercial scalability and efficiency.

In order to solve the problem, Ethereum emerges. With smart contracts as its core, Ethereum provides an interface and system that is more suitable for larger-scale commercial applications of Blockchain, while enhancing efficiency. Therefore, Ethereum is widely considered by its sector as the second generation of blockchain technology, or blockchain 2.0.

According to Deng Yangdong, MATRIX, as the new generation of blockchain and with the introduction of AI, it can dynamically update the parameters for various blockchains so as to create self-evolution in the industryFurthermore, MATRIX Chain can also address the issues during the finalization of the current blockchain designs and the inflexibility in adjusting various blockchain parameters. For this, MATRIX Chain could be deemed as blockchain 3.0.

Automatically discriminating against loopholes in transactions

Smart contracts are the core link in the application of blockchain technology, but conventional transactions under smart contracts are still in a risky stage, with each transaction posing a “risk”. This is also one of the important causes that blockchain technology is now facing difficulties to be put into mass application.

“The root cause of this phenomena lies in that a blockchain is designed in a trustless environment, and this means there is no way to correct any errors that occur”, Li Qinghua, chief scientist of MATRIX on chip and software architecture, was quoted as saying.

Li is a renowned expert on chip design in Chinaand once was the head of the R & D department and chief architect in designing the first WiFi chip in China.

He stated with an example that, in a current blockchain, if currency is sent to a certain address, the operation will be irreverisible. This means that if a dealer sends currency to a wrong address, the currency will be lost. Likewise, something similar to the phishing on the Internet can also happen in blockchains, in which case a hacker exploits the loopholes in contracts through setting up traps, and the transactions of this type can’t be retrieved either.

Moreover, if any man-made error occurs when a user is writing a contract, such as a fat-finger error in a stock market transaction or a wrong quotation in a foreign exchange transaction (for example, quotation in RMB/USD mistaken for that in USD/RMB), the above-mentioned transaction can be revoked in reality through a controlled system. However, in a decentralized system, it will only let the dealer take the risk in the same way as they do in conventional contracts.

Smart contracts for MATRIX Chain are dedicated to addressing the above issues for which the solution is a conventional centralized system,” Li explained, with the introduction of AI models based on the principle of non-discrimination. The smart contracts for MATRIX Chain let the automatic judgment on the quality of transaction models, the automatic detection of loopholes in transactions, and the execution of a civilized process of transactions under contracts.

Setting up a blockchain that anyone knows how to use

Decentralization, openness, tamper-proofing etc. are the core features of blockchain technology, and these features determine how widely blockchain can be applied: as long as a transaction is made between multiple parties who lack trust in each other, blockchain technology can be used.

The application of blockchain technology has been launched in many governmental agencies and organizations globally, as well as in large enterprises, involving many industries such as finance, communication, medical treatment, and real estate. As far as ordinary users are concerned, blockchaintechnology is too complicated and difficult to understand.

“Specialization and complexity has always been a major obstacle to the commercial application of blockchain technology,” Deng pointed out, although Ethereum provides smart contracts, it now can only address simple linear problems, but has no way to respond to more complicated contractual conditions. This significantly limits the space and scope of the transactions and applications over the chains.

Instead, MATRIX, which has incorporated AI-based algorithm, is able to solve many non-linear and more complicated problems, largely lowering the problem in its application and thus significantly improving the range of blockchain technology applications.

Deng said that quasi-Ethereum smart contracts are more like an exclusive application for a small group of technicians who are familiar with codes than a generic one for ordinary users. However, after AI has been incorporated, the only operation ordinary users need to do to generate a smart contract is to type in the transaction objective and textual description of transaction conditions, making the smart contract service easily accessible for everyone.

SOURCE MATRIX

CONTACT: Neo, +86-18611466297, neo@matrix.space

Persistent Systems Recognized for IoT Technology Competency in ‘Zinnov Zones 2017 – IoT Technology Services’ Report

Company rated Established & Expansive for overall IoT competency and placed in leadership zones for Platform and Application CompetencyBig Data Management and Analytics Services

In its just released report ‘Zinnov Zones 2017 for IoT Technology services,’ Zinnov Management Consulting positions Persistent Systems (BSE & NSE: PERSISTENT) among the leading players for its IoT competency. Persistent is also placed in the leadership zones for ‘Platform and Application Competency’, ‘Big Data Management’ and ‘Analytics Services’.

(Logo: http://photos.prnewswire.com/prnh/20141106/714346 )

(Photo: http://mma.prnewswire.com/media/542594/IoT_Platform_and_Application.jpg )

(Photo: http://mma.prnewswire.com/media/542595/IoT_Overall_Ratings.jpg )

(Photo: http://mma.prnewswire.com/media/542596/IoT_Big_Data_Management.jpg )

The ‘Zinnov Zones 2017 for IoT Technology services,’ is an annual study to help business leaders select the best partner across geographies, as they spearhead global IoT initiatives. The rating is based on key parameters including innovation, capabilities, financials, human capital, ecosystem linkages, infrastructure, maturity and diversity of services, scale, and diversity across verticals. For additional details, please visit https://www.slideshare.net/zinnov/zinnov-zones-for-iot-services

The Zinnov ranking further demonstrates Persistent’s strength in the market.

Sanjeev Srivastav, Senior Vice President, IoT Business, said, “ The Persistent Flywheel framework is accelerating development and adoption of IoT systems by focusing on end-to-end solutions including aspects like ecosystem development and monetization. Our ‘Zero to Live in a Turn of the Flywheel’ approach brings agility to IoT development. Persistent’s dedicated focus on IoT products, solutions and services helps provide a full spectrum of engagement models including product licensing, solution development and managed services and in turn bring accelerated value to our customers.”

Sidhant Rastogi, Partner & Practice Head, Zinnov, said, “With a strong partner ecosystem, IP strategy and unique strengths in key technology areas, Persistent has established a position among the leading players in IoT Technology services. Persistent is strongly positioned for the second year in a row because of its expertise in Cognitive IoT, Machine Learning, Continuous Engineering, IoT monetization and API management.”

Additional Resources and Information:

About Zinnov:

Zinnov was founded in 2002, with presence in Bangalore, Gurgaon, Silicon Valley, and Houston. Since its inception, Zinnov has built in-depth expertise in Product Engineering and Digital Transformation. With a strong foundation in Research and Strategy Consulting they enable their clients to accelerate growth and create efficiencies through innovation, productivity, technology, networked economies and cost savings. They work with clients in the software, automotive, telecom & networking, consumer electronics, storage, healthcare, financial services & retail, and semiconductor verticals in US, Europe, Japan and India.

For any further media queries, please contact Nitika Goel at media@zinnov.com

About Persistent Systems: 

Persistent Systems (BSE & NSE: PERSISTENT) builds software that drives the business of our customers; serving software product companies and enterprises with software at the core of their digital transformation.

Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: https://www.persistent.com/FLCS

Media Contacts:

Akshata Datar
Text100
+91-9867507599
akshata.datar@text100.co.in

Isha Kulkarni
Persistent Systems
+91-7350521177
isha_kulkarni@persistent.com

Ken Montgomery
Persistent Systems (US)
+1-949-939-5164
ken_montgomery@persistent.com

SOURCE Persistent Systems

Economizer Market Worth 11.54 Billion USD by 2022

The report “Economizer Market by Type (Fluid Economizers and Air-side Economizers), Application (Power Plants, Boilers, HVAC, Refrigeration, and Data Centers), End-use Industry (Industrial and Commercial), Region – Global Forecast to 2022”, published by MarketsandMarkets™, the market was valued at USD 7.70 Billion in 2016 and projected to reach USD 11.54 Billion by 2022, at a CAGR of 6.7% from 2017 to 2022.

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Browse 63 Market Data Tables and 41 Figures spread through 133 Pages and in-depth TOC on“Economizer Market – Global Forecast to 2022”

http://www.marketsandmarkets.com/Market-Reports/economizer-market-168759156.html
Early buyers will receive 10% customization on this report

Growing demand for clean and cheap energy sources, cost-effective cooling, and power efficient boilers is fueling the growth of economizer market across the globe.

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The industrial segment is projected to lead the economizer market during the forecast period from 2017 to 2022.

The industrial segment is estimated to account for the largest share of the economizer in 2017. The growth of the industrial segment of the economizer market can be attributed to the increased use of economizers as heat exchangers to preheat fluid, which results in energy conservation. Economizers use combustion products such as flue gases to recover residual heat from different machines and equipment.

Modernization and maintenance of power plants across the globe are continuously leading to the growth of the economizer market. Increase in the number of power plants and refineries across the globe, especially in the Asia Pacific region, is also contributing to the growth of the economizer market.

Among types, the fluid economizers segment of the economizer market is projected to grow at the highest CAGR during the forecast period from 2017 to 2022.

Among types, the fluid economizers segment is projected to lead the economizer market during the forecast period. This segment is also projected to grow at the highest CAGR between 2017 and 2022. The fluid economizers are classified into fluid economizers for chilled water systems and fluid economizers for glycol DX systems. In the fluid economizers for chilled water systems, the outside air helps in cooling the fluid of the Computer Room Air Handler (CRAH) units. However, in fluid economizers for glycol DX systems, cold fluid is used to reject the heat of compression.

The Asia Pacific economizer market is projected to grow at the highest CAGR during the forecast period.

The Asia Pacific economizer market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific Economizer Market can be attributed to the increasing demand for economizers in various applications, such as power plants, boilers, and heating, ventilation and air conditioning (HVAC). China and India are the key markets for economizers in the Asia Pacific region. The increased energy consumption in China has fueled the demand for waste heat recovery equipment and economizers in the country, thereby leading to the growth of the Asia Pacificeconomizer market.

Request for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=168759156

The major market players covered in the report are Schneider Electric SE (France), Johnson Controls International plc (US), Alfa Laval AB (Sweden), Babcock & Wilcox Enterprises, Inc., (US), Honeywell International Inc. (US), Thermax Limited (India), Cleaver-Brooks, Inc. (US), SAACKE GmbH (Germany), SECESPOL Sp. z o.o. (Poland), STULZ Air Technology Systems, Inc. (US), Kelvion Holding GmbH (Germany), BELIMO Holding AG (Switzerland), Cain Industries (US), Sofame Technologies Inc. (Canada), Cannon Boiler Works (US), Shandong Hengtao Group (China), and MicroMetl Corporation (US).

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Evaporative Condensing Unit Market by End-Use Industry (Commercial, Power, and Chemical), Application (Refrigeration, and Air Conditioning), and Region (North AmericaEuropeAsia-PacificMiddle East & Africa, and South America) – Global Forecast to 2026
http://www.marketsandmarkets.com/Market-Reports/evaporative-condensing-unit-market-111214576.html

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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’s 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.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

 

SOURCE MarketsandMarkets

Veritas Technologies Named a Leader in the 2017 Gartner Magic Quadrant for Data Center Backup and Recovery Solutions

Veritas Technologies, a leader in multi-cloud data management, today announced that Gartner, Inc. has named it a Leader in Gartner’s 2017 Magic Quadrant for Data Center Backup and Recovery Solutions 1. Veritas has been a Leader 15 consecutive times and since the inception of the report in 19992. Click here to download the full report.

Gartner’s evaluation criteria for vendors includes completeness of vision and ability to execute. As the backup and recovery market has hundreds of vendors, this report narrows the focus down to those that have a very strong presence worldwide in the upper-end midmarket and large-enterprise environments.

“We are again honored to be named a Leader in this year’s Gartner Magic Quadrant for Data Center Backup and Recovery Solutions,” said Mike Palmer, executive vice president and chief product officer, Veritas. “As data continues to grow and become more fragmented across clouds and virtual environments, organizations need great performance with integrated backup and recovery to help reduce risks and boost productivity — and at the same time, minimize storage costs. We believe this achievement underscores our commitment to offer comprehensive integrated enterprise data management — both on premises and in the cloud.”

Key innovations continue to differentiate Veritas, including:

  • 360 data management for the multi-cloud – Through direct integration between NetBackup and a wide range of data management solutions, Veritas delivers 360 data management for the multi-cloud. This empowers organizations to easily manage their data across complex multi-cloud environments with exceptional visibility, predictable resiliency and streamlined copy data management capabilities that can accelerate dev/ops and help reduce storage costs.
  • Scalable data protection in a multi-cloud world – NetBackup supports a wide array of cloud environments with integrated cloud connectors and the ability to manage and scale global data protection no matter where the data resides. Customer benefits include:
    • Increased flexibility and choice to seamlessly access more than 33 public and private cloud storage providers globally.
    • Fast deployment of workloads in virtually any multi-cloud environment (private, public, or hybrid).
    • Increased predictability for resiliency operations, including disaster recovery failover, failback, data protection and non-disruptive recovery testing.
  • Modern, flexible pricing models – Veritas offers customers increased flexibility to consume solutions in a manner that best fits their current and future needs through the new Veritas 360 Data Management™ Suite. The solution leverages NetBackup with subscription pricing to simplify access to the broad spectrum of Veritas data management solutions.

According to the report, “Leaders have the highest combined measures of Ability to Execute and Completeness of Vision. They also have the most comprehensive and scalable product portfolios. They have a proven track record of established market presence and financial performance. For vision, they are perceived in the industry as thought leaders, and have well-articulated plans for enhancing recovery capabilities, improving ease of deployment and administration, and increasing their scalability and product breadth.”

Source: Gartner, Inc., Magic Quadrant for Data Center Backup and Recovery Solutions, Dave Russell, Pushan Rinnen, Robert Rhame, July 31, 2017


Previous titles include Magic Quadrant for Enterprise Backup Software and Integrated Appliances (2014-2015), Magic Quadrant for Enterprise Backup/Recovery Software (2011-2013), Enterprise Backup and Restore Magic Quadrant (2001-2005), Enterprise Backup Vendor Magic Quadrant(1999-2000). In 2006 and 2008, Veritas Technologies was given a Positive and a Strong Positive designation in the MarketScope for Enterprise Backup/ Software. From 2005-2015, Veritas Technologies was known as Symantec.

Gartner Disclaimer

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

About Veritas Technologies 

Veritas Technologies empowers businesses of all sizes to discover the truth in information — their most important digital asset. Using the Veritas platform, customers can accelerate their digital transformation and solve pressing IT and business challenges including multi-cloud data management, data protection, storage optimization, compliance readiness and workload portability — with no cloud vendor lock-in. Eighty-six percent of Fortune 500 companies rely on Veritas today to reveal data insights that drive competitive advantage. Learn more at www.veritas.com or follow us on Twitter at @veritastechllc.

Forward-looking Statements: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change at the sole discretion of Veritas. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Veritas, may or may not be implemented, should not be considered firm commitments by Veritas, should not be relied upon in making purchasing decisions, and may not be incorporated into any contract.

Veritas, the Veritas Logo, and Enterprise Vault are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

Contacts

Belinda Lim
Corporate Communications
Veritas Technologies
+65-6413-4306
belinda.lim@veritas.com

Mizu Chitra / Marc Lee
Text100 Singapore
+65-6603-9000
veritas@text100.com.sg

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SOURCE Veritas

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