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Asian Paper and Tissue World successfully organized their first seminar in Bangkok, Thailand on 8 August 2017

In conjunction with the merger of Asian Paper and Tissue World Bangkok trade shows, and with the support of The Thai Pulp and Paper Industries Association (TPPIA), Asian Paper and Tissue World successfully organized their first seminar for the Thailand pulp, paper and tissue industries which took place at the Emerald Hotel in Bangkok on 8 August 2017.

 

Over 60 participants from the local and regional pulp and paper industry attended the event. Participating companies included Banglane Paper Mill, Bashundhara Paper Mills, Berli Jucker Cellox, Bjc Cellox, C.A.S. Paper Mill, Double A, Environment Pulp & Paper, Fiber Pattana, Inter Pacific Paper, Kimberly Clark, Panjapol Paper, Paper Thai., Phoenix Pulp & Paper, Riverpro Pulp & Paper Company, SCG Packaging, Siam Kraft Industry, Tenma Paper Mills, Thai Cane Paper, Thai Paper Mill and United Paper Public Co.

The seminar kick-started with a welcome speech by the President of the Thai Pulp & Paper Industries Association, Mr. Wichan Jitpukdee. Following the welcome speech, Agnes Gehot, deputy event director for Asian Paper and Tissue World – UBM Exhibition Singapore announced the 2018 trade show, set to take place at BITEC, Bangkok from 6-8 June.

Presenters at the seminar included industry experts from PIRA, Euromonitor, Andritz, and Kemira. Over the half-day seminar, the current state and future trends of the ASEAN paper and tissue industries were presented, meanwhile the  technical presentations covered some of the latest paper making technologies on reject treatment systems and starch re-use in recycled fiber.

For more details on Asian Paper & Tissue World Bangkok 2018, visit www.asianpapershow.com/www.tissueworld.com/bangkok.

Asian Paper – Established since 1992
Asian Paper is the largest ASEAN event serving the global pulp, paper, packaging and related industries. Asian Paper has proven to be the most trusted platform for industrial leaders and professionals to network, exchange ideas, and create business deals. It gathers key industry players to meet face to face and discuss the latest innovation, industrial trends and offerings of cutting- edge products and services through its exhibition and conference.

The Asian Paper exhibition focuses on the vertical segment of the Paper industry, covering the entire value chain, from pulp, chemical, adhesive, machineries, parts, converters to paper and packaging products and services across the three-day event.

Tissue World – Established since 1993
Tissue World is the leading global event serving the tissue industry worldwide since 1993. With trade shows in IstanbulMilanMiami, São Paulo and Bangkok, it offers an integrated platform consisting of exhibitors, conferences and a magazine providing an unmatched offline and online place to do business, exchange ideas and learn, all year around.

Tissue World Milan, part of the Tissue World event portfolio is the world’s largest dedicated tissue industry trade show. Bangkok is the latest piece of the map Tissue World has drawn, based on industry feedback with the aim of tapping into all key strategic tissue markets worldwide.

Tissue World will set the stage for yet another impactful regional event that will combine the strength of the peculiar local industry with a network of international players, together with the existing regional Asian Paper event. Bangkok will stand out as unique, as all other Tissue World events are, focusing on a different set of regional supply and demand markets and addressing specific industry needs.

For more details, visit www.tissueworld.com/bangkok or www.asianpapershow.com.

Logo – https://photos.prnasia.com/prnh/20170814/1919440-1LOGO
Logo – http://photos.prnasia.com/prnh/20170222/8521701055LOGO

 

SOURCE Tissue World – UBM

CONTACT: Agnes Gehot, +65 6592 0888 ext 886, Email: agnes.gehot@ubm.com

RELATED LINKS
http://www.tissueworld.com

Packers Plus and BP Oman Achieve Unprecedented Operational Efficiencies in HPHT Wells

Packers Plus Energy Services Inc. is pleased to announce recent developments with BP Oman Exploration (Epsilon) Ltd. Collaborations include development of a customized completion system, successful installation and subsequent stimulation of two high pressure/high temperature (HPHT) wells in Oman’s Khazzan field. The first well showed encouraging results as the target rate was met after pumping only three of the planned six stages. Other noted benefits include lower fracture initiation pressures and operational efficiency leading to further trials and optimisations for open hole completions going forward.

Having used cased hole plug and perf systems previously, BP Oman wanted to trial an open hole system that would increase near wellbore conductivity, reduce treating pressures and be robust enough to function in temperatures up to 350 °F (176 °C) and working differential pressures of 15,000 psi (103 MPa). Packers Plus worked on upgrading its field proven StackFRAC® Titanium® XV open hole ball-drop HPHT system to meet the operator’s requirements.

The engineering design, construction, QA/QC program, testing and procurement were accomplished in just over four months, producing customized, corrosion-resistant tools operational at temperature and pressure specifications exceeding those of the wellbore parameters.

Following a successful installation of a six-stage system on the first well, the first three stages were stimulated and the well was flowed back. Initial production from those stages surpassed expectations and prompted BP Oman to forego the remaining three stages in the first well. Best practices from the first installation were transferred to the second completion, leading to significant improvement of installing and stimulating the four-stage open hole multistage lower completion.

The effectiveness of the Titanium XV RockSEAL® open hole packers for zonal isolation was verified using tracer technology on both wells. Furthermore, the award-winning ePlus™ Retina monitoring system was used to verify downhole events on both installations. BP Oman is using this innovative monitoring service on their open hole completions work scope to promote operational efficiencies as they further develop the Khazzan Field in Block 61.

“The successful collaboration between BP Oman and Packers Plus resulted in an exceptional completion program for the region. We look forward to continuing to adapt customized, high efficiency, multistage HPHT completions in the Middle East and North Africa, which will drive operational efficiencies, enhance production and optimize overall well economics,” said Packers Plus President, Ian Bryant.

To learn more about Packers Plus’ international experience, visit packersplus.com/proven-performance.

About Packers Plus
Packers Plus is an industry leader in designing and manufacturing lower completions solutions for a variety of technically challenging applications. Known for its innovative, high-quality and responsive style, the privately held company has run over 16,000 completion systems, accounting for over 240,000 fracture stages since it started operations in 2000. Today, Packers Plus has employees around the world, maintaining an influential role in key markets and remaining true to its roots-an innovative company with a focused niche, enabling it to be one of the best in the industry. Learn more at packersplus.com.

Ian Bryant, President, Packers Plus Energy Services Inc., ian.bryant@packersplus.com, +1 (281) 730-8373; Tess MacLeod, Manager, Marketing & Communications, Packers Plus Energy Services Inc., tess.macleod@packersplus.com, +1 (403) 234-6011

SOURCE Packers Plus Energy Services Inc.

OmniVision and Netradyne Develop a New Intelligent Camera System for Commercial Fleet and Consumer Automotive Applications

OmniVision Technologies, Inc., a leading developer of advanced digital imaging solutions, today announced its technical collaboration with Netradyne, a commercial-vehicle technology solutions provider specializing in deep learning and artificial intelligence (AI), to develop Driveri™, a new aftermarket intelligent driving monitoring system for commercial fleet vehicles and consumer automotive applications. Integrating OmniVision’s OV2775 image sensor and OV491 companion chip with Netradyne’s analytics software and cloud connectivity engine, the Driveri™ system allows for the capture and reproduction of clear, accurate scenes with real-time analysis and feedback. This revolutionary vision-based camera system with quad high definition (HD) 360-degree field of view and high dynamic range (HDR) is designed to meet the demands of growing commercial and consumer automotive markets.

“OmniVision’s OV2775 image sensor and OV491 chip deliver best-in-class HDR and low-light performance to complement Netradyne’s deep learning and AI algorithm technology,” said Cliff Cheng, senior director of marketing at OmniVision. “Together we have seamlessly integrated our technologies to enable top-quality scene reproduction and accurate real-time analysis, which we see quickly becoming key requirements for today’s in-vehicle mobile camera systems.”

In its 2016 market report, Credence Research anticipates the global in-vehicle camera market to expand at a compound annual growth rate of 17.4% between 2015 and 2022. They expect more operators of fleet vehicles, such as taxis, buses and commercial trucks, as well as law-enforcement agencies and driving instructors, to install in-vehicle cameras to capture real-time driving incidents. Consumer use is also expected to increase, as intelligent cameras can be used for detecting driver drowsiness, tracking stolen vehicles and monitoring young drivers.

Netradyne selected OmniVision for its Driveri™ driver-support platform because of OmniVision’s proven market leadership in automotive camera technologies. The front-facing camera features OmniVision’s OV2775 image sensor and its OV491 companion chip, allowing the camera to achieve exceptional mixed-lighting performance. The one inward- and two side-facing cameras are also built on OmniVision’s image sensors. The video output from these three sensors can be stitched together to create a 360-degree scene.

The OmniVision OV2775 is a 2-megapixel image sensor that can capture full 1080p HD video with up to 120dB HDR. The OV491 companion chip processes the HDR scheme from the OV2775, significantly increasing the level of detail that the camera can capture.

“With an estimated 1.25 million deaths globally every year, road accidents result in significant personal, social and economic costs. We believe that computer vision with high definition camera sensors can transform driver coaching and recognition,” said Avneesh Agrawal, Netradyne founder and CEO.

“Netradyne’s Driveri™ product combines OmniVision’s OV2775 state-of-the-art HDR, high definition image sensor with cutting-edge AI technology to create an advanced new tool for drivers facing a wide spectrum of driving environments. We’re extremely delighted to collaborate with OmniVision in this journey. The OV2775 provides a high level of clarity and vastly improves our deep learning algorithms in all conditions, including HDR and extreme low light,” he added.

Driveri™ is commercially available now and is being actively deployed within several industry-leading commercial fleets.

About OmniVision
OmniVision Technologies, Inc. is a leading developer of advanced digital imaging solutions. Its award-winning CMOS imaging technology enables superior image quality in many of today’s consumer and commercial applications, including mobile phones, notebooks, tablets and webcams, digital still and video cameras, security and surveillance, entertainment devices, automotive and medical imaging systems. Find out more at www.ovt.com.

About Netradyne
Founded in 2015, Netradyne has technology innovation centers in both San Diego and Bangalore, India, where teams are hyper-focused on delivering a world-class driver recognition platform for commercial vehicles. Grounded in the vision of applying artificial intelligence for improving fleet safety, Netradyne delivers a holistic view of the driving environment to fleet owners while serving as the driver’s advocate. For more information about Driveri™ or to inquire about commercial vehicle driver assistance tools, please visit www.Netradyne.com.

OmniVision® and the OmniVision logo are registered trademarks of OmniVision Technologies, Inc. All other trademarks are the property of their respective owners.

Logo: http://mma.prnewswire.com/media/12615/omnivision_technologies_inc_logo3501_21100jpg.jpg

SOURCE OmniVision Technologies, Inc.

CONTACT: For Netradyne: John Thomas, The Practice, +91 8443961648, john@the-practice.net; or for OmniVision: Cameron Crowe, Kiterocket, +001 415.735.8420, ccrowe@kiterocket.com; or Company Contact: Scott Foster, OmniVision Technologies, Inc., +001 408.567.3077, sfoster@ovt.com

RELATED LINKS
http://www.ovt.com

DMS Governance Further Strengthens Its Asia-Pacific Presence With The Opening Of A Singapore Office

Following the opening of the DMS Hong Kong office six years ago, our client base has now grown to include not only Hong Kong but also the wider Asia-Pacific region. As a result of this expansion, DMS has decided to open a Singapore office to better serve its clients.  This new location means the value of our offering has been further strengthened, as we now offer professional, independent directors in the Asia time zone (SGT) and with fluency in Mandarin and Cantonese language skills that are key to the region.

DMS is pleased to be serving not only hedge fund clients but also those involved in private equity and venture capital. DMS’ clients include some of the largest asset managers in Asia as well as start-up and emerging funds.  This new office location will further strengthen DMS’ ability to service clients in other service offerings including banking + custody, AIFMD/UCITS and International Tax Compliance (FATCA/CRS) which have seen continued growth.

Niaz Khan, Managing Director, Asia-Pacific comments “Opening DMS Singapore is another exciting milestone of our commitment to the asset-management industry in Asia.  We continue to see an increased demand for our professional directorship services along with our other Risk & Compliance services in the region.  We are very pleased to open our Singapore office to continue to serve the Asian asset management industry.”

Anne Storie, Chief Executive Officer of DMS, noted: “The recent and continued expansion of our Asian client base is further evidence of our team’s tireless work to develop a strong network of clients across various fund structures. The addition of a Singapore office means that DMS is now even better placed geographically to continue to achieve best results for its clients in this region.”

In addition to the new team in Singapore, we are pleased to have Connie Wong relocating from our Hong Kong office, who brings with her senior level experience in fund governance. Connie has gained extensive senior level experience in the hedge funds and private equities for offshore and on shore vehicles across multiple jurisdictions.  Prior to joining DMS, Connie was a Manager at PricewaterhouseCoopers.

Contact DMS Singapore:  Level 30, Singapore Land Tower, 50 Raffles Place, Singapore 048623

About DMS
DMS Governance is the worldwide leader in fund governance, risk and compliance representing leading investment funds and managers with assets under management exceeding $350Bn. DMS is a global institutional firm that excels in delivering high-quality services across a diverse range of investment fund structures and strategies.

Media Contact
Alison Sims
Marketing Manager
DMS Governance
(p) +1.345.749.2514
(c) +1.345.325.1776
E:asims@dmsgovernance.com

SOURCE DMS Governance

RELATED LINKS
http://dmsgovernance.com

Spreadtrum Launches Complete Lines of High-Performance LTE SoC Platforms for the Global Mainstream Consumer Market

On August 15 Beijing time, Spreadtrum successfully held its 2017 Global Partners Conference, “Infinite Chip, Infinite Intelligence”, in Shenzhen. Intel, China Mobile, China Unicom, China Telecom, Reliance, Vodafone, Orange, Telefonica, TRUE, Smartfren, Mircomax, Google, Huawei, ZTE, OPPO, VIVO, Gionee, Alcatel, Dialog and more than 1000 Spreadtrum global partners participated in this grand occasion. Spreadtrum shared their 2017 marketing strategy and provided details on their latest products to the global audience in attendance. Additionally, Spreadtrum presented its innovative solutions on mobile communication and IoT (automotive terminal, broadband communication and financial security). During the conference, Spreadtrum unveiled two complete series of high-performance but differentiated types of LTE SoC platforms: Spreadtrum SC9853I, which is based on Intel’s advanced 14nm foundry platform, Octa-core 64-bit Intel Airmont architecture and the highly integrated 5-mode solution; and Spreadtrum SC9850 series with low-power consumption. Mass production for both series of chips has already begun.

Built on Intel’s 14nm foundry platform, Spreadtrum SC9853I is targeting the global mid and high-level smartphone market. It features 1.8GHz Octa-core 64-bit Intel Airmont architecture based processor, which enables SC9853I to offer a high-performance mobile computing ability coupled with ultra-low power. The SC9853I supports LTE Cat-7 downlink and Cat-13 uplink for 5-mode communication standard (TD-LTE/FDD-LTE/TD-SCDMA/WCDMA/GSM), which can reach downlink speeds of 300Mbps and uplink speeds of up to 150Mpbs to achieve a true 4G+ on-line surfing experience. It also supports 1080P HD video playback, 18:9 FHD+ (1080*2160) screen display, and 16 megapixels resolution dual-cameras.

“Our first joint product was launched at Mobile World Congress earlier this year and we are pleased to continue our partnership with the release of Spreadtrum’s SC9853I SoC. The Intel Custom Foundry 14nm platform delivers industry leading PPA and offers turnkey foundry services and support. It is ideal for mainstream mobile designs that need high performance and low leakage,” said Dr. Zane Ball, Intel’s Vice President, Technology and Manufacturing Group, General Manager, Intel Custom Foundry. “Spreadtrum fully utilized all the advantages of Intel Custom Foundry’s 14nm platform and as a result, the SC9853l offers excellent performance and efficient power management which enhance the smartphone experience for global users.”

Spreadtrum SC9850 series is designed for overall mid and entry-level markets globally. It is equipped with a built-in Quad-core ARM Cortex-A7 application processor, as well as ARM Mali 820 integrated 3D graphics accelerator. The SC9850 series supports five-mode communication standard (TD-LTE/FDD-LTE/TD-SCDMA/ WCDMA/GSM). It is also equipped with two-way carrier aggregation : Cat-7 Downlink (up to 300 Mbps) and Cat-13 Uplink (up to 150 Mpbs), 1080P HD video playback, 18:9 HD+ (720*1440) screen display and dual cameras up to 13 megapixels.

Meanwhile, both SC9853I and SC9850 series emphasize enhancing dual-camera processing capability. Both include a built-in 3DNR to boost night shooting, and features like refocusing, real-time face beauty, 3D modeling and AR. With Spreadtrum’s exclusive EverMuLTETM technology, these products are able to offer dual-SIM, dual-4G, dual-VoLTE functionalities to enhance call experience. Both series support urban NFC payment application, and are integrated with sensor control centers to provide a total solution that can enhance users’ experience.

Dr. Leo Li, Chairman and CEO of Spreadtrum, commented, “Spreadtrum’s LTE SoC platforms include the SC9853l, which is built on Intel Custom Foundry’s 14nm platform, using their highly-efficient computing capabilities and advanced technologies, and we are confident this will help our customers design more competitive smart terminal products. These platforms can offer better performance to meet the growing demand in the global LTE market. Additionally, these differentiated types of LTE chip solutions enable our customers to address multiple market segments when they develop their end products.”

For more information, visit www.spreadtrum.com.

Photo – http://mma.prnewswire.com/media/544982/Spreadtrum_Communications.jpg

 

SOURCE Spreadtrum Communications (Shanghai) Co., Ltd

CONTACT: Kathy Zhou, Email: news@spreadtrum.com, Tel: +86-21-2036-0600 x1120

Infortrend Boost Performance Levels with the 12Gb/s SAS Drive Interface on Their Entry Level RAID Storage Systems for SMBs

Infortrend® Technology, Inc. (TWSE: 2495) has launched their new general purpose storage solutions EonStor DS 1000 Gen2 and EonStor DS 2000 Gen2 series, complete with support for the standard 12 Gb/s SAS interface on drive sides to speed up data transfers and meet new storage standard for SMBs and entry level storage customers.

By replacing the previous generation 6 Gb/s SAS, the 12 Gb/s SAS interface has become the new standard as it offers better performance and bandwidth. The newly released EonStor DS 1000 Gen2 and EonStor DS 2000 Gen2 series deliver powerful performances that support up to 4,000 exchange email boxes or 500 IP cameras; while scalability can expand up to 444 drives with a raw capacity of up to 4.3PB, which is ideal for backup applications.

Furthermore, EonStor DS 1000 Gen2 and EonStor DS 2000 Gen2 storage systems provide enterprise data services such as SSD Cache and automated storage tiering, and SMB-friendly price points all while featuring the new 12 Gb/s SAS technology not only for the drive side, but host side and expansion enclosures as well.

“We are pleased to launch the new EonStor DS Gen2 series with support for the 12 Gb/s SAS drive interface. In this rapidly changing business environment, it is vital for us to provide products that feature the latest technology to make sure entry level storage users and SMBs can enjoy them too,” said Thomas Kao, Senior Director of Product Planning at Infortrend.

For more information about the new EonStor DS 1000 Gen2, click here. For the EonStor DS 2000 Gen 2 series, click here.

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more Information, please visit www.infortrend.com

Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc., other trademarks property of their respective owners.

Media Contact:

Infortrend Europe Ltd.
Agnieszka Wesolowska
Tel:+44-1256-305-220
E-mail:marketing.eu@infortrend.com

SOURCE Infortrend Technology, Inc.

RELATED LINKS
http://www.infortrend.com

TUV Rheinland paves the way for “mirrorless cars”

TUV Rheinland has helped one of its customers win component approval for an onboard camera-monitor system (Class I*) under the amended UN UN-R46 04 regulations that took effect on June 18, 2016. The changes, which allow a camera-monitor system to provide a rear field of view to driver, in place of the conventional door mounted and interior rear-view mirrors, make it possible for auto makers to produce safe and sleek-looking mirrorless cars.

Nearly a year ago (July 2016), TUV Rheinland Japan Ltd. became the first third-party organization in the country to offer testing and certification services for onboard camera-monitor systems based on the revised UN regulations. Manufacturers are required to acquire certification before they can market their onboard camera-monitor systems on the international market.

The certification process requires manufacturers to demonstrate that their products meet the relevant standards in the country where they are to be marketed. TUV Rheinland helps them to acquire certification from the approval authorities in the countries or regions the customer chooses.

TUV Rheinland also offers a confirmation testing during the design and product development and design stages, helping to guide customers during each phase before the product faces approval testing. This allows manufacturers to identify any gaps between the UN-R46 requirements and the product’s actual functions, making it possible to avoid extensive design rework and reduce the overall cost of bringing a product to market.

From type approval to certification

TUV Rheinland holds accreditation from a variety of authorities, such as KBA in Germany, SNCH in Luxembourg, RDW in the Netherlands, and NSAI in Ireland. This allows the organization to support customers applying for vehicle and component approval, by providing all the tests and technical evaluations required by the UN-R46 regulations.

The range of services includes:

  • Development testing
  • UN-R46-based testing
  • Technical support regarding conformity to applicable laws
  • Component approval
  • Vehicle approval

About TUV Rheinland

TUV Rheinland is a global leader in independent inspection services, founded 145 years ago. The group employs 19,700 people around the globe. Annual revenue is more than EUR1.9 billion. The independent experts stand for quality and safety for people, technology and the environment in nearly all industrial sectors and areas of life. TUV Rheinland inspects technical equipment, products and services, and oversees projects, processes and information security for companies. Its experts train people in a wide range of careers and industries. To this end, the company operates a global network of approved labs and testing and education centers. Since 2006, TUV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption. Website: www.tuv.com

 

SOURCE TUV Rheinland

CONTACT: TUV Rheinland Singapore Pte Ltd., Director of Marketing, India, Middle East, Africa and Asia Pacific,Yee Wei Mui, +65-6562-8750*3355, weimui.yee@tuv.com, PR and Content Manager, Ryan Tng, +65-6562-8750*3374, ryan.tng@tuv.com

RELATED LINKS
http://www.tuv.com

RJ Capital and Tempus Group Set Up New Fund to Catch the Consumption Upgrade Trend in China

RJ Capital Group, in partnership with Tempus Holdings of Tempus Group, founded TBRJ Asset Management in July 2017. It will launch a new USD $300 millionfund focused on the consumption upgrade trend in China. Tempus Group will provide full support in terms of capital and industry resources.

The first fund targets the consumption upgrade in China, focusing on sectors such as travel, leisure and cross-border consumer trading and logistics. It is seeking investment targets that may have potential synergies with Tempus Group, especially international companies that have a solid operation base, powerful brand and strong management team.

Tempus Group, which generates more than RMB 80 billion annual sales, ranked 206th of the Top 500 Corporations in China in 2016, is in the Top 40 private enterprise in China, and is a Top 10 company in Shenzhen. It has built a solid foundation in travel services, cross-border commerce and trade logistics, among other sectors. Globalization has become a core strategy for Tempus Group as the group continues expanding in overseas markets on the back of the transformation of Chinese consumption. As its international listed flagship, Tempus Holdings can play a significant role in coordinating resources for the investment fund and supporting investment decision with rich industry knowledge.

RJ Capital Group is an industry-focused investment management and advisory firm founded in 2016 by three senior partners who have decades of working experience with prestigious global investment banks and private equity funds. The core members have led and participated in many landmark cross-border M&A cases. They have on average nearly twenty years of experience working in international capital markets, with a profound understanding of the differences between Chinese and Western enterprises with respect to corporate culture, operation models and management philosophy.

TH Capital, one of the best TMT investment banks in China, is an investor of RJ Capital. Liangjing SONG, Founding Partner and CEO of TH Capital, indicated that the investment in RJ Capital is an important strategic move with careful considerations. “The future economy of China will be a combination of the new economy and the core industries, in which business and capital will be closely linked with M&A being a key driving force. RJ Capital has a deep understanding of the enterprises and entrepreneurs of core industries, while TH Capital has unrivalled track record and research capacity in the new economy. By investing in the highly experienced team of RJ, TH Capital will be able to accelerate its progression into merger and acquisition. Both companies are committed to research-driven and value-creating business principles and believe that we will make great partnership and generate significant business synergies by practicing the same business language, research methodology, and capital perspectives in unifying the new economy and core industries.”

Tempus Group and RJ Capital have intimately collaborated in overseas M&A projects since 2016. The teams have developed a trusted partnership leveraging the highly complementary strengths of both sides. The establishment of the fund management company is to form a stronger alliance in combining industry resources and capital to further explore global investment opportunities.

“The establishment of the M&A fund is an important strategic decision for both Tempus and RJ, after in-depth cooperation and with high mutual respect, which will open a new chapter of overseas M&A and capital management for Tempus Group. Tempus Group is committed to building a global value chain with critical resources, leading market position and competitive advantages in trade and logistics, and travel. RJ Capital has a wealth of experience in global M&A, a well-developed research system, and a remarkable team of highly skilled and dedicated people. In a historic era of capital-driven economy, this strategic cooperation will contribute to value creation for shareholders, consumers, and the whole industry.” says Mr. Jacky HUANG, Director of Tempus Group and Vice Chairman of Tempus Holdings.

“Our core strategy includes matching capital with real business, connecting China with global resources, and structuring multiple levels of funding,” said Ms. Yao LIU, Founding Partner and Chairman of RJ Capital Group. “by partnering with leading and aspiring Chinese enterprises such as Tempus Group and through smart, rational and highly efficient international acquisition and business integration, we can support the strategic transformation and industry consolidation of our corporate partners while also achieving excellent returns for our investors. These goals and philosophies are the ultimate aspiration and vision of RJ Capital.”

About RJ Capital Group

RJ Capital Group is an industry-focused investment management and advisory firm founded in 2016 by three senior partners who have decades of working experience with prestigious global investment banks and private equity funds. The core members have led and participated in many landmark cross-border M&A cases.

SOURCE RJ Capital Group

CONTACT: For more details, please contact us at li.jiang@rj-cap.com or corpcomm.hk@pordahavas.com, or as below: Porda Havas International Finance Communications Group, Keely Chan, +852 3150 6760, keely.chan@pordahavas.com; Nicole Cao, +852 3150 6723, nicole.cao@pordahavas.com

Overwolf Acquires StatsRoyale.com, the Popular Website for Clash Royale Players, Making its First Step into Mobile

Overwolf, the leading platform for creation and distribution of gaming apps, announced today the acquisition of StatsRoyale.com, the largest service for players of the popular mobile game – Clash Royale. This acquisition is a first step in Overwolf’s strategy to expand its PC offering into the mobile space.

Overwolf offers more than 200 apps for PC gamers, and has an active community of more than 230 developers. Developers use the Overwolf platform to build in-game apps for the leading PC games, distribute these apps through Overwolf Appstore and monetize with Overwolf’s in-app ads service. Developers on the platform generate anywhere form tens of dollars to tens of thousands of dollars every month. Millions of gamers already use various Overwolf apps alongside their favorite games to enhance their experience and improve their gameplay.

The StatsRoyale.com website provides valuable information for the Clash Royale player community. StatsRoyale aggregates an unimaginable amount of data, and crunches it to provide statistical information about cards, decks and the current game meta. The website also reveals information about players’ upcoming chests, thus eliminating uncertainty and giving players more motivation to keep playing. StatsRoyale.com has a huge following with more than 20 million monthly active players.

I wasnt really a mobile gamer before Clash Royal, said Uri Marchand, Overwolf’s co-founder and CEOSupercells amazing execution on the game captured me completely, and I was actively thinking on how we could help the Clash Royale with tools and services. When I first heard of StatsRoyal.com through my 8 year old son, I became a fan. I felt that theres a very strong alignment between our core offering in Overwolf and StatsRoyal.com. Most importantly, I felt a perfect cultural alignment with the team that had built it, led by the talented Steve Rabouin, putting gamers first and thriving for a pixel-perfect user experience.

The folks at Overwolf are on to something big, said Steve Rabouin, Stats Royale creator and now VP of Mobile Games Apps at OverwolfI really like Overwolfs vision to empower both players and developers. Overwolfs robust platform makes it easy for any developer to go from an idea about a game theyre passionate about, to a published app with monetization capabilities in no-time. I have been building gaming websites for more than 10 years, and it feels to me that Overwolf is the evolution of gaming websites. The Overwolf team is made of gamers and developers so we share the same passions and Im very excited to join the leadership team and help take Overwolf to the next level.

For more information on Stats Royale visit https://statsroyale.com/. For more information about Overwolf visit http://www.overwolf.com.

About Overwolf

Headquartered in Tel-Aviv, Israel with offices in Seattle, Overwolf enhances competitive gaming experiences with the world’s richest selection of in-game apps. The Overwolf Client allows players and game publishers to add new functionality to any game, all without touching a line of game code. Overwolf apps give players tools to compete, communicate, hone their play, and socially share highlights. Overwolf also gives large and small developers alike the power to create and publish in-game apps for the world’s most played games via the Overwolf Appstore, reaching millions of gamers worldwide. Overwolf has millions of enthusiastic players, playing more than 700 PC games. Overwolf’s partners include Esports teams such as Cloud 9, Team Liquid and CLG as well as industry leaders including Riot Games, Nvidia and Logitech G. For more information, please visit http://www.overwolf.com.

Contact:
Overwolf
Hadara Alook
Hadara.alook@overwolf.com

SOURCE Overwolf

CONTACT: +972-50-8687389

ANPR System Market Worth 3.57 Billion USD by 2023

According to the new market research report Automatic Number Plate Recognition (ANPR) System Market by Type (Fixed, Mobile, Portable), Component (ANPR Cameras, Software, Frame Grabbers, Triggers), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management), and Geography – Global Forecast to 2023″, published by MarketsandMarkets™, the market in 2016 was valued at USD 1.78 Billion and is expected to reach USD 3.57 Billion by 2023, at a CAGR of 9.74% between 2017 and 2023.

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

Browse 63 Market Data Tables and 40 Figures spread through 149 Pages and in-depth TOC on ANPR System Market
http://www.marketsandmarkets.com/Market-Reports/anpr-system-market-140920103.html

Early buyers will receive 10% customization on this report.

Factors that are driving this market include the infrastructure growth in emerging economies, increasing allocation of funds by various governments on intelligent transport system (ITS), deployment of camera technologies in security and surveillance, and traffic enforcement application, and the growing usage of video analytics technology for intelligent monitoring of vehicles.

Fixed ANPR systems to hold the largest share of the market

Fixed ANPR systems held the largest market share in 2016. The growth of these systems is attributed to the increasing demand from applications such as traffic management, toll collection, and parking management. The advancement in video analytics to capture, process, and store images of number plates has improved the capabilities of ANPR systems. This is encouraging more people to use this system on a permanent basis.

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Market for electronic toll collection application is expected to grow at the highest rate

The market for electronic toll collection (ETC) application is expected to grow rapidly during the forecast period. The increasing use of ETC systems in highways for identifying number plates of vehicles is driving the growth of the ANPR system market.

Europe is expected to hold the largest market share during the forecast period

Europe was the largest market for ANPR systems in 2016. The large market in this region can be attributed to the high adoption of intelligent transportation systems for traffic management, tolling management, law/police enforcement, and other applications. The market in Europe has been segmented into Germany, the UK, France and the Rest of Europe. Some major companies offering ANPR systems in Europe include ARH Inc. (Hungary), Digital Recognition Systems Ltd. (UK), NDI Recognition Systems Ltd. (UK), and Q-Free ASA (Norway).

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The key players in the market include Kapsch TrafficCom AG (Austria), Conduent, Inc. (US), Q-Free ASA (Norway), Siemens AG (Germany), Genetec Inc. (Canada) Neology, Inc. (US), Bosch Security Systems GmbH (Germany), Tattile srl (Italy), TagMaster North America, Inc. (US), NDI Recognition Systems Ltd. (UK), Euro Car Parks Limited (UK), Quercus Technologies, S.L. (Spain) Vigilant Solutions, Inc. (US), Elsag North America, LLC (US), ARH Inc. (Hungary), Digital Recognition System Ltd. (UK), Beltech BV (Netherlands), ANPR International Ltd. (UK), HTS (New York), FF Group (Cyprus), and so on.

This report categorizes the global ANPR system market on the basis of type, component, application, and geography. The report describes the drivers, restraints, opportunities, and challenges for the growth of this market.

Browse Related Reports

Electronic Toll Collection Market by Type (ETC and AET), Product (AVI and AVC), Technology (RFID, DRSC, Video Analytics, and GPS/GNSS), Application (Highway and Urban), and Region – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html

Intelligent Transportation System Market by Roadway (Hardware, Software, & Services), Aviation Tool (Kiosk, Multi-User Flight Information Display, and Smart Gate System), Railway, Maritime, Protocol, Application, and Geography – Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/intelligent-transport-systems-its-market-764.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’ 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

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SOURCE MarketsandMarkets

Biometric Identification Market for ICE, EV, & Autonomous Vehicles Worth 21.72 Billion USD by 2022

The report “Biometric Identification Market for ICE, EV, & Autonomous Vehicles by Authentication Process (Fingerprint, Voice, Iris, Facial, Gesture, Multimodal), Sensor (CMOS, Optical, Retinal), Processing Component, Application, Wearable, and Region – Forecast to 2022“, published by MarketsandMarkets™, the market for automotive, by value, is projected to grow at a CAGR of 25.61% from 2017 to 2022, to reach USD 21.72 Billion by 2022.

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

Browse 105 Market Data Tables and 67 Figures spread through 200 Pages and in-depth TOC on “Biometric Identification Market

http://www.marketsandmarkets.com/Market-Reports/biometric-identification-market-41718140.html

Early buyers will receive 10% customization on this report.

Factors such as rising focus on safety, security, and comfort and increase in sales of premium vehicles are projected to fuel the demand for advanced biometric identification technologies. The increase in sales of hybrid, electric, and plug-in hybrid vehicles would also influence the demand for biometric identification system in the near future.

Voice recognition system to be the largest market for biometric identification

The voice recognition system is one of the most common features that the manufacturers are now offering in the mid to high-end passenger cars. Although voice recognition is a basic feature as compared to other biometric identification technologies and has little role to play in vehicle security, OEMs are offering it as a comfort or driver assistance feature. Along with voice authentication, the voice recognition system is also used for navigation and infotainment. Owing to its multiple uses, the voice recognition system market is estimated to account for the largest market during the forecast period. This technology is expected to grow due to low prices (as compared with other features) and increasing demand for infotainment and navigation systems, which act as a differentiating feature for OEMs.

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Fingerprint recognition to grow at the fastest pace in the Biometric Identification Market

With the increase in vehicle theft and demand for keyless entry and engine start functions, the demand for fingerprint authentication process has increased. In comparison to the other biometric processes, the fingerprint technique can be easily incorporated in the vehicle. Also, with economy of scale, it will offer a cost advantage to the manufacturers. Further, the manufacturer can also offer additional features with fingerprint authentication such as biometric engine start functions. With the introduction of autonomous cars, the fingerprint authentication system is expected to have a major impact. Features such as integrated mobility solutions and goods delivery through personalized pods/lockers can be incorporated. In-vehicle payment and identification are also expected to be carried out by fingerprint authentication. Hence, with technological and design modifications, the biometric fingerprint recognition market is expected to be the fastest growing market.

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Presence of a large number of manufacturers would drive the North American Biometric Identification Market

The North American region is projected to have the largest share of the Biometric Identification Market during the forecast period. The market growth in the region can be attributed to the presence of a large number of manufacturers such as Synaptics Incorporated (U.S.), Nuance Communications, Inc. (U.S.), and Methode Electronics (U.S.), among others. Also, the rising concerns for vehicle security and increasing demand for luxury vehicles equipped with biometric module or system such as fingerprint recognition and iris recognition will boost the market for biometric identification in the region.

The major companies profiled in the study are Hitachi, Ltd. (Japan), FUJITSU (Japan), Safran (France), Synaptics Incorporated (U.S.), Nuance Communications, Inc. (U.S.), Methode Electronics (U.S.), HID Global Corporation/ASSA ABLOY AB (U.S.), VOXX International Corp. (U.S.), Fingerprint Cards AB (Sweden), Voicebox Technologies Corporation (U.S.), Robert Bosch GmbH (Germany), Continental AG (Germany), and Valeo (France).

Browse related reports:

End-point Authentication Market for Automotive by Type (Wearable, Smartphone Application, Biometric Vehicle Access), Connectivity (Bluetooth, Wi-Fi, Cellular Network), Vehicle (PC, EV), Advanced Features, and Region – Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/automotive-end-point-authentication-market-95962210.html

Automotive Gesture Recognition Systems Market by Component Type (Touch Based Systems, and Touchless Systems), Authentication Type (Hand/Fingerprint/Leg, Face, Vision/iris), Application (Lighting System), and Region – Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/automotive-gesture-recognition-systems-market-7994636.html

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

Blog: http://www.marketsandmarketsblog.com/market-reports/automotive-and-transportation

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

SOURCE MarketsandMarkets

Mindtree Recognized as Leader in Application Development and Maintenance Services by ISG

Company also featured as a ‘Rising Star’ for application development

Mindtree, a global technology services and digital transformation company, has been recognized as a leading service provider in Application Development & Maintenance (ADM) services by Information Services Group (ISG), a leading global technology research and advisory firm.

(Logo: http://photos.prnewswire.com/prnh/20140416/681203 )

According to the new ISG Provider Lens™ ADM Quadrant Report, Mindtree was named a ‘Leader’ in application testing services, and a ‘Rising Star’ for application development services. ISG evaluated Mindtree and 33 other providers serving the U.S. market against a number of key criteria, including strategy and vision, innovation, brand awareness and geographic presence, sales and partner landscape, breadth and depth of service portfolio and technology advancements.

Discussing Mindtree’s roadmap for testing services, the report states, “Mindtree is focusing on next-gen testing contracts that emphasize creating a seamless testing environment and on customer centricity across a connected network of mobile and smart devices, business applications and other media.”

The report highlights Mindtree’s agile-based approach to testing, its co-innovation with clients and flexibility in its testing assignments. The Quadrant Report for Application Testing can be found here.

Positioning Mindtree as a ‘Rising Star’ in the Product Challenger Quadrant for Application Development, the report says, “Mindtree’s strength lies in its next-gen application capabilities, selective industry focus, onshore innovation and a partnership-based approach to client engagements.”

The report underscores Mindtree’s Digital, agile and cloud migration capabilities. It goes on to say that Mindtree takes a holistic approach to cloud transformation – from advisory to build, and from migration to management. The Quadrant Report for Application Development can be found here.

“Expectations in this space are evolving rapidly due to changes in technology and customer needs,” said Manas Chakraborty, Global Head, Test Engineering and Integrated Services, Mindtree Ltd. “Mindtree identified this trend early and invested in new capabilities to prepare for it. This acknowledgement validates that the strides we made are in the right direction.”

“Mindtree has demonstrated both its competitive strengths, including geographic coverage, experience and execution capability, as well as the value of its portfolio in terms of technology competency, partnerships, breadth of services, and innovation in the ADM services space,” said Esteban Herrera, partner and global leader, ISG Research. “These and other factors make Mindtree a compelling choice as an application testing and development partner.”

The ISG Provider Lens™ Quadrant report series provides valuable insights on service provider capabilities based on ISG’s unique methodology, which blends empirical, data-driven research and market analysis with the real-world working experiences and observations of ISG’s global advisory team.

About ISG

ISG (Information Services Group) (NASDAQ: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries-a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit http://www.isg-one.com.

About Mindtree

Mindtree (NSE: MINDTREE) delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. ‘Born Digital’, Mindtree takes an agile, collaborative approach to creating customized solutions across the Digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visit http://www.mindtree.com to learn more.

All product and company names herein may be trademarks of their registered owners.

For more information, contact:
India
Ankita Dubey
Mindtree
+91-789919001
ankita.dubey@mindtree.com

United States
Erik Arvidson
Matter Communications
+1-978-518-4542
earvidson@matternow.com

Europe
Imogen Nation
Hotwire
+44-20-7608-4675
imogen.nation@hotwirepr.com

SOURCE Mindtree

OmniVision and Netradyne Develop a New Intelligent Camera System for Commercial Fleet and Consumer Automotive Applications

OmniVision Technologies, Inc., a leading developer of advanced digital imaging solutions, today announced its technical collaboration with Netradyne, a commercial-vehicle technology solutions provider specializing in deep learning and artificial intelligence (AI), to develop Driveri™, a new aftermarket intelligent driving monitoring system for commercial fleet vehicles and consumer automotive applications. Integrating OmniVision’s OV2775 image sensor and OV491 companion chip with Netradyne’s analytics software and cloud connectivity engine, the Driveri™ system allows for the capture and reproduction of clear, accurate scenes with real-time analysis and feedback. This revolutionary vision-based camera system with quad high definition (HD) 360-degree field of view and high dynamic range (HDR) is designed to meet the demands of growing commercial and consumer automotive markets.

“OmniVision’s OV2775 image sensor and OV491 chip deliver best-in-class HDR and low-light performance to complement Netradyne’s deep learning and AI algorithm technology,” said Cliff Cheng, senior director of marketing at OmniVision. “Together we have seamlessly integrated our technologies to enable top-quality scene reproduction and accurate real-time analysis, which we see quickly becoming key requirements for today’s in-vehicle mobile camera systems.”

In its 2016 market report, Credence Research anticipates the global in-vehicle camera market to expand at a compound annual growth rate of 17.4% between 2015 and 2022. They expect more operators of fleet vehicles, such as taxis, buses and commercial trucks, as well as law-enforcement agencies and driving instructors, to install in-vehicle cameras to capture real-time driving incidents. Consumer use is also expected to increase, as intelligent cameras can be used for detecting driver drowsiness, tracking stolen vehicles and monitoring young drivers.

Netradyne selected OmniVision for its Driveri™ driver-support platform because of OmniVision’s proven market leadership in automotive camera technologies. The front-facing camera features OmniVision’s OV2775 image sensor and its OV491 companion chip, allowing the camera to achieve exceptional mixed-lighting performance. The one inward- and two side-facing cameras are also built on OmniVision’s image sensors. The video output from these three sensors can be stitched together to create a 360-degree scene.

The OmniVision OV2775 is a 2-megapixel image sensor that can capture full 1080p HD video with up to 120dB HDR. The OV491 companion chip processes the HDR scheme from the OV2775, significantly increasing the level of detail that the camera can capture.

“With an estimated 1.25 million deaths globally every year, road accidents result in significant personal, social and economic costs. We believe that computer vision with high definition camera sensors can transform driver coaching and recognition,” said Avneesh Agrawal, Netradyne founder and CEO.

“Netradyne’s Driveri™ product combines OmniVision’s OV2775 state-of-the-art HDR, high definition image sensor with cutting-edge AI technology to create an advanced new tool for drivers facing a wide spectrum of driving environments. We’re extremely delighted to collaborate with OmniVision in this journey. The OV2775 provides a high level of clarity and vastly improves our deep learning algorithms in all conditions, including HDR and extreme low light,” he added.

Driveri™ is commercially available now and is being actively deployed within several industry-leading commercial fleets.

About OmniVision
OmniVision Technologies, Inc. is a leading developer of advanced digital imaging solutions. Its award-winning CMOS imaging technology enables superior image quality in many of today’s consumer and commercial applications, including mobile phones, notebooks, tablets and webcams, digital still and video cameras, security and surveillance, entertainment devices, automotive and medical imaging systems. Find out more at www.ovt.com.

About Netradyne
Founded in 2015, Netradyne has technology innovation centers in both San Diego and Bangalore, India, where teams are hyper-focused on delivering a world-class driver recognition platform for commercial vehicles. Grounded in the vision of applying artificial intelligence for improving fleet safety, Netradyne delivers a holistic view of the driving environment to fleet owners while serving as the driver’s advocate. For more information about Driveri™ or to inquire about commercial vehicle driver assistance tools, please visit www.Netradyne.com.

OmniVision® and the OmniVision logo are registered trademarks of OmniVision Technologies, Inc. All other trademarks are the property of their respective owners.

 

SOURCE OmniVision Technologies, Inc.

CONTACT: For Netradyne: John Thomas, The Practice, +91 8443961648, john@the-practice.net; or for OmniVision: Cameron Crowe, Kiterocket, +001 415.735.8420, ccrowe@kiterocket.com; or Company Contact: Scott Foster, OmniVision Technologies, Inc., +001 408.567.3077, sfoster@ovt.com

RELATED LINKS
http://www.ovt.com

Ituran to Expand Into the Indian Market

Ituran Location and Control Ltd. (NASDAQ: ITRN), together with Lumax Auto Technologies Ltd part of Lumax DK Jain Group, India, announced today the signing of joint venture (JV) agreement for sale of telematics products and services to the Indian automotive industry.

The new JV company will be called Lumax Ituran Telematics Pvt Ltd. According to the agreement, Lumax Auto Technologies will own 50% of the joint venture, with Ituran owning the remaining 50%. The JV will tap into this large market, which currently has low penetration of advanced telematics technology. The JV will sell Ituran’s telematics products and services, adapted to the Indian automotive industry.

Speaking on the occasion, Mr. Anmol Jain, Managing Director, Lumax Auto Technologies, said, “The Indian Telematics market is projected to touch $300 million by 2021, addressing the need to curb growing vehicle theft, manage increasing organised cab service providers, rising fleets, rising crime against women, road accidents and increasing consumer awareness. In commercial vehicles, telematics will help in determining vehicle downtime, fleet monitoring to reduce unauthorised use of vehicles and check driver behavior. The customer base will include OEMs, Fleets, Aftermarket, Insurance companies, State transports etc.”

Eyal Sheratzky, CEO of Ituran commented, “With over 200 million registered cars in the country, the market potential for Ituran is phenomenal. Additionally, the telematics industry in India is in its infancy and working together with Lumax, we believe that we can establish ourselves as market leaders. For Ituran, this is the first joint venture with a large automotive supplier and the first operations centre that Ituran will open in the Asian region. As has been proven in Brazil, Ituran can successfully enter into new markets, leveraging its technology and building a long-term growth engine. We are very excited to start working with Lumax and look forward to many years of successful growth ahead.”

“The joint venture will capitalize on the strength of Lumax DK Jain Group as a leading provider of automotive components in India, having a good understanding of the Indian customer’s requirements. Together with Ituran, we will work on a business plan to become a significant player in Telematics and on Ituran’s strength in providing technologically advanced products to cater to the evolving requirement of the Indian automotive industry,” said Mr. Deepak Jain, Promoter Director, Lumax Auto Technologies.

About Lumax, DK Jain Group

Lumax, DK Jain Group a leading player in the Indian Automotive industry is a provider of a wide range of automotive solutions (Lighting Module, Frame Chassis, Integrated Plastic Modules, Gear Shift Lever, Intake systems, Seat Frames & Mechanisms etc). With a market share of 60% in automotive Lighting solutions and Gear Shift levers, Lumax has been the preferred supplier to almost all the leading OEMs in India. The group with a sales turnover of INR 2500 crores, has 7 Partnerships with leading companies in the global automotive industry, having 12 entities spread across 8 locations of the country.

For more information about the Group and its businesses, please visit our website http://www.lumaxworld.in

About Lumax Auto Technologies

Lumax Auto Technologies Ltd. through its wholly owned subsidiaries and joint ventures, has been a manufacturer of wide range of products (Lighting Module, Frame Chassis, Integrated Plastic Modules, Gear Shift Lever, Intake systems, Seat Frames & Mechanismsetc). We are market leaders in Design, Testing and Manufacturing Gear Shift levers in India with an overall domestic market share of more than 60%. The Company has a robust pan-India distribution network with 12 manufacturing plants across India in all major Auto clusters. Our key customers include Bajaj Auto, Honda Motorcycles and Scooters, Maruti Suzuki, Honda Cars, Toyota, Damlier, V.E Commercial Vehicles and Tata Motors.

For more information on the company and its business, please visit our website http://www.lumaxautotech.com

About Ituran

Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security. Its products and applications are used by customers in over 20 countries.

Ituran’s subscriber base has been growing significantly since the Company’s inception to over 1 million subscribers using its location based services with a market leading position in Israel and Brazil. Established in 1995, Ituran has over 1,500 employees worldwide, with offices in IsraelBrazilArgentinaand the United States.

For more information, please visit Ituran’s website, at: http://www.ituran.com

For further information please contact
Lumax Company Contact
Priyanka Sharma
Lumax Auto Technologies Ltd.
CIN No: L31909MH1981PLC025519
priyanka.sharma@lumaxmail.com

Lumax Investor Relations
Rahul Agarwal / Shrikant Sangani
Strategic Growth Advisors Pvt Ltd.
CIN No: U74140MH2010PTC204285
rahul.agarwal@sgapl.net
shrikant.sangani@sgapl.net
Tel No: +91-79770-90416 / +91-96195-95686

For further information please contact
Ituran Contact
Udi Mizrahi (udi_m@ituran.com )
VP Finance, Ituran
(Israel) +972-3-557-1348

Ituran Investor Relations
Ehud Helft/Gavriel Frohwein (ituran@gkir.com )
GK Investor & Public Relations
(US) +1-646-688-3559

SOURCE Ituran Location and Control Ltd

Jasper Capital International Becomes Second China-Based Signatory to Hedge Fund Standards Board (HFSB)

Jasper Capital International (”Jasper”) has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund industry. As prudent stewards of client capital and as part of a commitment to adhering to the highest international standards, Jasper welcomes the HFSB’s effort to enhance global industry standards and facilitate investors due diligence.

About HFSB

Established in 2008, the HFSB is a standard-setting body for the alternative investment industry and custodian of the Hedge Fund Standards. The HFSB provides a powerful mechanism for creating a framework of transparency, integrity and good governance which improves how the alternative investment industry operates, facilitates investor due diligence and complements public policy.

The HFSB and the Standards are supported by managers accounting for over US$ 1tn in AUM. In addition, the HFSB’s Investor Chapter includes over 60 major international investors, including pension and endowment funds, sovereign wealth funds and funds of funds.

About Jasper

Jasper Capital International is a diversified, systematic investment firm founded in 2013 in Shenzhen, China. The Co-Founders were partners at its predecessor firm, Jasper Asset Management, a U.S. hedge fund headquartered in New Jersey. Jasper’s logic-based investment approach deploys a successful discipline to capture opportunities in the Chinese equity markets. As an industry leader with extensive local and global investment and risk management experience, Jasper offers investors multiple strategies designed to capitalize on China’s domestic market inefficiencies and future Chinese growth.

Jasper currently manages US$1.5 billion across four strategies: long-only bias, long/short equity, market neutral and seasoned equity offerings. Each seeks to maximize risk-adjusted excess returns by applying a rigorous, scientific methodology to strategy identification and research, back-testing and implementation.

SOURCE Jasper Capital International Ltd.

CONTACT: Sam, +86-138-2363-9437, sam.sha@jasperam.com

42Gears Enters UK, Sets up Office in Manchester

Leading Enterprise Mobility Management (EMM) solution provider, 42Gears Mobility Systems, announces its expansion in the United Kingdom by setting up its third worldwide office in Manchester. 42Gears is headquartered in Bangalore, India and has a U.S. office in Fremont, California.

(Logo: http://mma.prnewswire.com/media/517153/42Gears_Mobility_Systems_Logo.jpg )

This expansion is a reflection of 42Gears’ growth and commitment to serve its customers with the latest technology solutions. 42Gears has a global customer base and bulk of its business comes from U.S. and UK. UK is the natural choice for setting up the next 42Gears office after U.S. This strategic move will help 42Gears to serve UK and EU customers better and tap into new business opportunities in these markets.

The new office is located at 510. 4 Piccadilly House, 49 Piccadilly, Manchester  M12AP, United Kingdom and is being headed by Kaushik Sindhu, Associate Vice President, 42Gears.

42Gears CFO, Ashok Poojari, said on the announcement: “We are excited to expand our business. Best yet, our growth is coming from both new and existing clients. We have successfully set up a wholly-owned subsidiary of 42Gears in Manchester and are now looking forward to integrate with Manchester’s thriving business community.”

“UK is a huge and important market for us. It has helped us enrich our product offerings through the innovative use cases that businesses demand. We have benefitted from the learnings in the UK. Setting up base in Manchester will accelerate our product development and company growth,” said Kaushik Sindhu, Associate Vice President, 42Gears.

Manchester Investment and Development Agency Service (MIDAS) helped 42Gears to set up operations in the UK, after 42Gears won the TechFast 50 organized by Deloitte Touche Tohmatsu India LLP (DTTILLP). Manchester will serve as a strategic base to explore business development opportunities in the European market and will also help acquiring the right talent. The focus will be on growing the company’s market presence and strengthening business relationships with existing OEMs, resellers, partners and customers in the United Kingdom and Europe.

Kaushik Sindhu can be reached at kaushik.sindhu@42gears.com.

About 42Gears

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

For more information, please visit http://www.42gears.com.

For media queries, please reach out to manisha.singh@42gears.com

SOURCE 42Gears Mobility Systems

iKO Media Group Launches New IPTV Services at IBC2017 in Amsterdam

iKO Media Group, a global end-to-end service provider for broadcasters and content owners, has launched today a new service offering of IPTV services.

IPTV services have been on the rise for last couple of years and show no signs of slowing down. To meet this demand and provide the most up-to-date service portfolio to its clients, iKOMG now offers services in worldwide live streaming, video on demand storage and internet radio. In addition, the company will now offer cutting edge mobile distribution services including iOS and Android App Development With Optional Support for Chromecast and Roku, stand-alone Roku app and Android TV App for Android-compatible STBs.  For more information about IPTV Services, click here.

iKO Media Group’s management and sales team will be at this year’s IBC conference in Amsterdammeeting with new clients and strategic partners. The IBC Conference is the perfect venue to showcase iKO services and explore new avenues to expand their existing service offering to meet market demands. To set up a meeting with the iKO team, click here.

Providing the most up-to-date and in-demand services to our customers is of paramount importance for us at iKO. Weve been successful in this endeavor because we are always on the lookout for new technologies and market trends that will help our customers succeed, said Yaniv Maman, iKO’s Chief Technology Officer.

About iKO Media Group 

iKO Media Group is a boutique end-to-end media service partner for broadcasters and content owners. They provide tailor-made solutions focused on customer needs through dedicated service to a wide range of global and local networks. iKOMG differs from other service providers thanks to a holistic approach and a keen ability to offer the best SLA for mid-size networks.

This approach allows iKOMG to deliver effective solutions customized to specific budgets and requirements without compromising on quality of service.  As a trusted partner to dozens of global and local networks, iKOMG is identified with expert knowledge, dedicated service and professionalism. iKOMG is committed to operating its business with the goal of creating value for all stakeholders. The company’s sustainability strategy focuses on social, environmental, and economic responsibility.

For more information, visit http://www.ikomg.com/news

Press Contact  iKOMG
Yael Ayalon
Marketing Manager
ya@ikomg.com
http://www.ikomg.com

 

SOURCE iKO Media Group

CONTACT: +972-549474380

Michael Ngai, Chairman of The Red Group and Former Managing Director of UBS Investment Bank Joins Cloudwith.me Advisory Board

  • Cloudwith.me $300 million ICO creates the Cloud Token for ready use to access cloud services at 50% of the current cost
  • Cloudwith.me creates basis for a distributed blockchain payment ecosystem

Cloudwith.me, the managed cloud services company, today announced the appointment of Mr. Michael Ngai to its Advisory Board. Mr. Ngai is a financial industry leader in Asia Pacific and will advise Cloudwith.me on its “Cloud” cryptocurrency Initial Coin Offering (ICO), and on corporate governance and business strategy.

Michael Ngai has a wealth of experience in international finance. He is currently the Chairman of The Red Group and was previously the Managing Director of UBS Investment Bank,

Mr. Ngai is also Member of the National Committee of the Chinese People’s Political Consultative Conference (“CPPCC”), a Standing Committee Member of CPPCC Heilongjiang Province, China, and a Fellow Commoner and Development Advisory Council Member of Clare Hall, Cambridge University.

“Mr. Ngai is a valuable addition to our company and will be instrumental in helping us achieve both a successful ICO and to create a more accessible, lower cost decentralized cloud,” said Asaf Zamir, Cloudwith.me’s Co-Founder and CTO. “His experience will also be key in advising our management team and assisting with our global corporate development.”

Commented Mr. Ngai: “The blockchain revolution has the potential to bring disruptive change that will drive commoditization of cloud services costs and make the cloud accessible to millions of more people, especially in developing countries. Cloudwith.me’s technology and vision is distinguished from almost every other ICO as providing immediate application and a real value proposition. This is an exciting ICO with a specific focus that can take the cloud to the next level.”

Cloudwith.me was founded in 2015 to offer its customers a managed hosting solution for hyper-scale cloud services. It currently has over 22,000 server deployments globally servicing SMBs worldwide with strong partnerships with the leading providers of cloud services today.

Cloudwith.me’s ICO is focused on delivering immediate value for Cloud Token buyers. Most notably, the Cloud Token is the only cryptocurrency token that can be used shortly after the close of the ICO to benefit from and pay for cloud services from the world’s largest cloud providers at 50% of the current cost. The target of $300 million from Cloudwith.me’s ICO will be invested in cloud infrastructure and software development.

Cloudwith.me’s ICO campaign will finish on August 25th, 2017. During the ICO, accredited investors can buy the Cloud Token using Bitcoin or Ether or make purchases with regular bank transfers and credit cards.

For more information on the Cloud ICO please visit: token.cloudwith.me

About Cloudwith.me

Cloudwith.me, founded in 2015 by Asaf Zamir and Gilad Somjen, provides a managed hosting solution for access to AWS and Azure cloud services. Cloudwith.me provides improved efficiency for individuals and business owners, from SME to enterprise, by simplifying the process and minimizing the amount of time and complexity required to set up and maintain their cloud servers.

 

Media Contacts:

North America
Amanda Drain
Montieth & Company
adrain@montiethco.com
+1-646-864-3263

Europe
Zarna Patel
Montieth & Company
zpatel@montiethco.com
+44-020-3865-1947

Asia-Pacific
Monica Qu
SPRG
monica.qu@sprg.com.cn
+86(10)8580-4258 x 251

SOURCE Cloudwith.me

Web Werks Awarded for Best Cloud Data Centers and Internet Exchange at Zee Business Worldwide Achievers Summit 2017

Web Werks announced that it has been the ‘Best Cloud Data Center and Internet Exchange Company of the Year’ in the 7th Business Leader Summit and Awards 2017 held at The Leela, Mumbai on 7th August 2017.

“With the competition so high in this web hosting industry, being appreciated and rewarded as the ‘Best Cloud Data Center and Internet Exchange Company of the Year’ is surely an achievement. We always try to suggest the best solution to our clients when it comes to their hosting needs. We as being in this industry for 20+ years pay a lot of attention to customer service. That is one of the reasons that we are one of the best in the industry. We are obliged that our customers are happy with us and we are getting recognized for it,” said Nikhil Rathi, CEO, Web Werks.

About Business Leaders Awards 2017

Business Leaders Awards, organised by Zee, are the authoritative awards praising the soul of magnificence in business leaders in India. The beneficiaries of the awards are visionaries behind the present extraordinary businesses. They are stellar people who embody quality, inventiveness, information, foreknowledge and who drive the development of their businesses with vision and motivation.

Worldwide Achievers Business Leaders Awards 2017 respect the practitioners and pioneers in breath-taking style as the business and services industry participate to encourage India’s best banking sector, telecom industry, manufacture industry, service, and technology provider, education service provider, healthcare and well-being, hospitality, leisure and tourism, real estate companies and that’s only the tip of the iceberg.

About Web Werks

Established in 1996, Web Werks is an ISO 9001:2015, ISO 27001:2013 and ISO 20000 – 1 and Uptime Institute Certified Cloud Data Center Service Provider in India. Web Werks has been awarded with ‘The Best Web Hosting Award 2017’, ‘Retailer Of The Year For Best Cloud Data Centers And Internet Exchange’, ‘Great Indian Workplace Award (GIWA) 2017’ and many more.

Web Werks focuses on quality-driven, self-managed and fully-managed hosting services that include cloud solutions, dedicated servers and VPS hosting services on linux and windows operating platforms. They also deliver disaster recovery services, Innovative Rapid Cloud backup technologies, work area recovery services, CDN services, etc.

They have collaborated with more than 1000+ organizations globally that include Fortune 500 companies across various business verticals. This also includes Government sectors as well, such as Mumbai Metro Rail Corporation Limited, Maharashtra Pollution Control Board, Maharashtra Knowledge Corporation, NABARD, NPCI, etc.

For more information, kindly visit, http://www.webwerks.in

Media Contact:
Priti Shetti
Corporate Communications
Data Center News
priti.shetti@webwerks.in
+91-8828335555

 

SOURCE Web Werks India Pvt Ltd

41% of Quipper Video Users Passed SBMPTN, Higher than National Average

The implementation of the National Examination (UN), the National Selection of State University Entrance (SNMPTN), and Group Selection for Entry to State Universities (SBMPTN) has always been a hot issue to discuss due to the low passing rate of this frequently changed module. However, Quipper Video Users, who have been studying by using computer-based and internet-based methods, show an impressive results, with 41% of them passing this high-standard test.

According to the data from the Ministry of Education and Culture of Indonesia in 2017, there was a fourfold increase in the number of computer-based UN participants (UNBK) with a total of 3.7 million participants. Meanwhile, according to the Ministry of Research, Technology, and Higher Education Republic of Indonesia, computer-based test participants (CBT) SBMPTN increased tenfold from the prior year.

Of the 797,738 SBMPTN applicants who have joined the test, 148,066 participants have passed as prospective students in 85 state universities. The percentage of national SBMPTN acceptance is 14%, and it is suspected that such a low acceptance rate can be attributed to the fact that many students are still unfamiliar with the SBMPTN Computer Based Test (CBT) system.

Meanwhile, Quipper Video users who have been accustomed to learning by taking advantage of computer-based and internet-based methods show significant results, with 41% of the users pass their SMBPTN examinations. Based on survey data collected between May and June 2017 from 4,200 Quipper Video users, the average amount of learning time during which a Quipperian uses Quipper Video is 3 hours per day.

This was practiced by Angellita Buulolo, a student from SMAN 2 Tambun Selatan, BekasiWest Java. Angellita said, “I never joined additional tutoring like my friends, I just studied for the UN and SBMPTN with Quipper Video because the videos can be repeated at home and the service is very affordable. I was eventually accepted into UI’s Management department without any additional tutoring whatsoever.

Angellita is one of the many students who actively uses Quipper Video and was a respondent in the Quipper Video 2017 graduation survey. From Quipper Video’s graduation survey results, 41% of Quipperians passed the SBMPTN examination. Moreover, as many as 37% of Quipper Video users who passed their SBMPTN examination were successfully accepted into Cluster A state universities, which consist of ITB, UGM, UI, IPB, UNBRAW, ITS, UNAIR, UNHAS, UNDIP, UNPAD, Andalas, and UNS. This cluster of state universities is taken from university ranking data released by DIKTI. These universities are always favourites among students and consistently maintain their top positions.

In addition, as many as 87% of them are satisfied with learning the SBMPTN preparation materials available through Quipper Video. According to these students, preparation of material that is complete, interesting and comprehensive influences their achievements. It is proven that the quality of material prepared by Quipper Video has successfully assisted users in passing the National Examination, SNMPTN and SBMPTN, and acceptance into the best state universities in Indonesia.

Such data proves that the use of appropriate technology education services can support student learning activities, assist in exam preparation and also improve overall performance. As such, Indonesian students can develop their potential and have the confidence to compete not only at the national level, but also at the global level.

Get the latest information about Quipper School at school.quipper.com and Quipper Video at video.quipper.com. Also follow social media accounts Twitter and Instagram official Quipper Indonesia at @quipper_id and @QuipperVideoID on Facebook for Quipper Video.

About Quipper, Ltd

Quipper, Ltd. is a leading global education technology company that has the mission to bring the best education to all corners of the world. Quipper aims to provide, improve and distribute quality education, through technology, to create a world where every child is given equal opportunity to learn and gain knowledge.

Quipper services, which include Quipper School and Quipper Video, help students and teachers to move beyond the boundaries of education.

By March 2017, Quipper School has been used by more than 4 million students and teachers worldwide. In Indonesia, Quipper schools are being used by 2.5 million students and 250,000 teachers. Currently, Quipper Video are being used by over 500,000 students globally.

As part of Quipper’s commitment and spirit to empower the educational ecosystem in Indonesia, Quipper will continue to work with all stakeholders including schools, Provincial and District Education Offices throughout Indonesia, Teachers and Teaching Offices, Basic and Secondary Education Offices, Indonesian Teachers Association, and Southeast Asian Ministers of Education Organization (SEAMOLEC)

Quipper has more than 600 employees around the globe and operates in six countries: EnglandJapanPhilippinesMexicoVietnam and Indonesia.

Media Contact

Quipper Indonesia                                                                

Ogilvy Public Relations

Ike Yuningsih                                                                          

Michael Devant M

ike.yuningsih@quipper.com                                                  

michael.devant@ogilvy.com

+621 29533314

+62 89650099086

Photo – https://photos.prnasia.com/prnh/20170814/1919132-1

SOURCE Quipper Ltd.

New business surge leads to double-digit embedded value growth in Asia

Milliman, Inc., a premier global consulting and actuarial firm, today announced the findings of its study on reported year-end 2016 embedded value (EV) results for 34 major insurance companies operating in Asia, excluding Japan. The report highlights trends among companies reporting EVs and reveals a growth in reported 2016 EV of 15.3% by Asian insurance companies. This was primarily driven by a 40% growth over 2015 in Value of New Business (VNB) across the region in 2016.

The Milliman 2016 Embedded Value Results: Asia (excl. Japan) report analyses and discusses the EV methodologies and assumptions, the impact of regulations, as well as recent developments with the long-awaited IFRS 17 reporting regime.

“The China and Hong Kong markets were the main drivers of the VNB explosion in the region; both having mainland consumers to thank for these results,” said Milliman principal and consulting actuary Paul Sinnott. “Although we have some longer term concerns about the sustainability of profit margins in the region, recent yield curve rises are relieving some margin pressure in the short term.”

A few key insights from the Asian report include:

  • In 2016, total reported Asian EV grew by 15.3%, on a comparable basis, to USD 339 billion from USD 294 billion.
  • While some European multinationals reduced their Asian EV reporting last year, there were three companies disclosing EV results for the first time in India, along with the first comprehensive IEV disclosure associated with ICICI Prudential’s IPO in September 2016.
  • Life insurance sales continued to rise strongly in the region during 2016, with gross written premium (GWP) estimated to have increased by 28%, with China’s 43% growth being a major contributor.
  • VIF increased for all markets. South Korea recorded the largest VIF growth of 31%, mainly from margin-driven growth in VNB across all companies; Hong Kong also posted strong VIF growth of 20%, driven by large volumes of business sold to mainland Chinese visitors.

A copy of the report detailing these and other pertinent trends is available for download on http://www.milliman.com/ev-research. For more details, please contact:

About Milliman

Milliman is among the world’s largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe including multiple offices in Asia & the Middle East.  For further information, visit milliman.com.

SOURCE Milliman, Inc.

CONTACT: Charles Carneiro, Milliman, Inc., Tel: +65 98104938, charles.carneiro@milliman.com

RELATED LINKS
http://www.milliman.com

BitBay Forays in India to Transform Cryptocurrency Trading

BitBay launched a dedicated platform for trade and exchange of cryptocurrency in India. BitBay is one of the top 10 ten cryptocurrency trading platforms in the world with over 200,000 users. It is the easiest and the safest way to buy, sell and trade Bitcoin, Litecoin, Ether, Lisk, Monero, Dash, and Gamecredits. The prime objective of BitBay India is to remove all mis-conceptions related to cryptocurrency, drive more people towards digital currencies, attract potential investors from market and offer all round platform to trade as well as exchange multiple cryptocurrencies at BitBay. Sylwestor Suszek– CEO, BitBay with Rohit Dahda– BitBay India Head were available and discussed their innovative product at the gala evening happened at Blockchain Conference at Courtyard Marriot Hotel.

BitBay India has many advantages that is not available on the other exchanges right now like; the only company providing trade and exchange of multiple cryptocurrencies, high-level security standards, including “cold wallets” policy and 2FA authentication solutions. By cooperating with world top payment providers and local best services, BitBay India has many options for safe and fast deposits and withdrawals for users. Apart from Bitcoin, BitBay India will be offering 6 more cryptocurrency to keep and trade with local currency. From 14th – 24th August, BitBay will allow users to do demo trading and exchange of cryptocurrencies without using real money where users will be able to understand each and every aspect of BitBay functions. Not only this, all registered members with higher volume transaction till 24th will get reward coins powered by Gamecredits and MobileGo.

Sylwestor Suszek, CEO- BitBay says, “We are the number one in Eastern-Central Europe with more than 2.0 lakh users that tell about our poplarity and number 10 in the world, operating since 2014. BitBay India has been conceptualized to provide innovative services, support and solution for cryptocurrency users in terms of fast and secure transactions. Our team consists of specialists and Bitcoin enthusiasts who are active in crypto community, attend industry conference events and support charity causes via meaningful fund donations to relevant Indian societies.”

India is one of the largest and fastest growing economy that is on the way of digitization. In the era of global business model that crossing all boundaries, cryptocurrencies can give edge on benefits to digital transactions. Rohit Dahda, BitBay India Head mentions, “We are brining BitBay in India to facilitate the exchange and trade of multiple cryptocurrencies at our platform with 24/7 support to users which is not available at any other platform right now. We are taking all necessary steps to adhere prescribed rules for BitBay India. In fact, we are offering demo trading for users before using real currency to bring a level of confidence in common people. Very soon we will be bringing more features at platform to cater requirement of common people on day to day basis. We are following high security model and following two fold authentication models for safe transaction.”

The web platform of BitBay will be extremely user friendly where technology is changing face of financial transactions. To begin with demo trading to real currency, the company will be adding more features of advance trading options and in coming 6 months Bitbay will extend its domain up to 17 cryptocoins. BitBay is dedicated to offer ultimate customer support, via many different channels; calls, online chats and e-mails.

About BitBay

The company was created not only because of interest into cryptocurrencies, especially Bitcoin but also the goal was (and still is) to provide innovative solutions for cryptocurrency exchange users. The company began the journey by creating safe, intuitive platform that enabled fast transactions.

Moreover BitBay gave an opportunity to exchange more than just Bitcoin. Second cryptocurrency we introduced was Litecoin and then Ether and Lisk. That way we became the only exchange in Polandthat had so many exchange possibilities.

The platform is developing all the time. We are adding features that are giving many options to the customers. It’s not only about exchange but also:

  • Debit card that makes it possible to pay with cryptocurrencies at the stores and restaurants (only for Polish users)
  • Affiliate program that makes it possible to build passive income
  • ATM withdraws
  • Express payments and bill payments and many more.

BitBay exchange offers a professional support as well. Our specialists help our clients in every situation. On our website there are also guides that make the world of cryptocurrencies understandable and easy.

SOURCE BitBay

CONTACT: Media Contact : Reetesh SIngh, reetesh@cpcorp.co.in, 01149405116, PR Manager, BitBay

The 4th Global Mobile Internet Creative Development Competition (Chengdu) A Success

The 11th China (Chengdu) International Software Design & Application Competition and the 4th Global Mobile Internet Creative Development Competition (Chengduwere held successfully on August 10 at the Century City New International Convention and Exhibition Center in Chengdu, China. Present at the event included Li Changhong, a Deputy Inspector from Chengdu Municipal Commission of Economy and Information Technology, Wang Feng, Head of the Commission’s Software Division, Cheng Hong, Secretary General of Chengdu Software Industry Association, Xiong Xiaoge, IDG Capital’s Global Chairman, Xu Zhou, Vice President of IDG Asia, Zhu Dongfang, Vice President of IDG China, as well as veterans and gurus from leading domestic and overseas venture capital investment companies such as China Growth Capital, QF Capital, YIYI Capital, Born Capital, WinPower Capital, Oness Capital and Desun Capital, who had close conversations with the outstanding developers participating in the competition.

It’s been years since “mass entrepreneurship and innovation” became a popular term in 2014, and the Global Mobile Internet Creative Development Competition has just kicked off its 4th contest season. This competition is hosted by International Data Group (IDG) with the purpose of attracting good mobile internet design & application projects from both at home and abroad to participate in. At the same time, it intends to provide capital support to those outstanding contestant projects and help them with software and hardware resources they need for localization. As the world’s most stylish and influential competition in the field of mobile internet, this competition has gradually attracted and gathered a large number of audiences through the previous three contests, and built up a good reputation, becoming one of the most recognized contests in entrepreneurship and innovation of mobile internet.

The 4th Global Mobile Internet Creative Development Competition (Chengdu), themed on “smart life,” focuses its attention more on the contestant projects’ practicability and forward-looking consideration, and emphasizes its close tie with Chengdu’s “smart city” initiative. Li Changhong, a Deputy Inspector from Chengdu Municipal Commission of Economy and Information Technology addressed to the event, saying that the event brought good opportunities of innovation and start-up to the city, helpedstockpile reserve forces for the development of China’s mobile internet sector, and therefore was a very important platform. She hoped that the contest could offer more opportunities for excellent individuals and teams from Chengdu to go nationwide or even worldwide. Xiong Xiaoge, IDG Capital’s Global Chairman said in his speech that China is the one and only and the best market for making investment in the creative industry. He said that the projects and creative ideas participating in each of the competitions all bore advanced elements and offered many opportunities. IDG completed its global acquisition in this March and he hoped that business start-up teams would become successful in the international market through the platform of the competition.

After the speeches began the roadshow and comment section of the event. A total of 10 project teams, who were runners-up following mass collection and multi-channel reviews and selections, embarked on an eye-opening showdown among themselves. Eight judges and mentors, including China Growth Capital partner Wang Daoping, QF Capital partner Zeng Zheng, YIYI Capital partner Huang Shaoming, Born Capital founder Li Wencheng, WinPower Capital partner Song Weijia, Desun Capital deputy general manager Wu Bozhong, Oness Capital partner Yang Zilong and IDG Capital investment manager Xu Haotian all gave their brilliant comments on the works of the teams. Founder of Void AR Zhong Fuxing, who was both the champion of last year’s Chengdu competition and also the grand champion of the overall competition, was also present at the event and shared his experience and opinions, thus offering to the participating teams a valuable lesson. After fierce contending, Chengdu Tianmai Tuodao Science and Technology Co., Ltd. stood on top of others with its work Jiaopian (Banana Slices) and won the championship of the Chengdu competition. Chengdu Jingwei Technologies Co., Ltd. came in second with its work Xun ME, followed by Xitian Qujing Science and Technology Co., Ltd. with its work Here Comes Senior Brother No. 2A grand award ceremony for the winners was held by the host of the event.

The Global Mobile Internet Creative Development Competition serves as a platform where developers can exchange ideas with experts, scholars and sectoral tycoons and discuss about the developmental trend of start-up businesses as well. It greatly boosts mass entrepreneurship and innovation, upgrade of the mobile internet industry, transformation of science and technology companies, as well as new investment opportunities. The 4th Global Mobile Internet Creative Development Competition will subsequently be held in BeijingShanghai and Hangzhou, with the upcoming event on 8 September at the China National Convention Center in Beijingwhere winter sports startup projects focusing on the theme of “internet plus sports” will be on show. Those who intend to participate in the competition may visit the official website at http://www.gcac.com.cn for more information and sign-up.

SOURCE IDG China

CONTACT: Ting Song, +86-10-6526-2650×121, ting_song@idg.com.cn

Pacific Special Acquisition Corp. Shareholders Approve the Proposed Business Combination with Borqs International Holding Corp.

Pacific Special Acquisition Corp. (Nasdaq: PAAC) (“Pacific”), today announced that, at yesterday’s special meeting of shareholders, the Company’s shareholders approved the Company’s potential business combination with Borqs International Holding Corp (“BORQS”), a global leader in software and products providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions.  In connection with the special meeting of shareholders, 3,841,131 of Pacific’s public shares were validly presented to Pacific for redemption.

Following yesterday’s receipt of shareholder approval, the parties are seeking to satisfy or negotiate waivers to any remaining closing conditions to the proposed business combination. Without satisfying all remaining closing conditions or receiving all waivers, no assurance can be made as to whether the proposed business combination will be consummated. If Pacific does not consummate the business combination by the close of business on August 21, 2017, it will be required to dissolve and liquidate its trust account by returning the then remaining funds in such account to its then-public shareholders.

About Pacific

Pacific is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities. Pacific’s efforts to identify a target business have not been limited to a particular industry or geographic region, although it intends to focus efforts on seeking a business combination with a company or companies that have their primary operations located in Asia, with an emphasis on China. Pacific is sponsored by Zhengqi International Holding Limited, a subsidiary of Pacific Securities Co. Ltd., a publicly traded company in China (Ticker 601099.SS).  LH Group Holdings Inc., the largest shareholder of Pacific Securities Co. Ltd., invests in financial services, clean energy as well as golf course and resort businesses globally and currently has billions of U.S. dollars in assets.

About BORQS

Borqs International Holding Corp., is a global leader in software and products for IoT providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Deloitte named BORQS as one of the fastest growing technology companies in China & Asia Pacific in 2011, 2012 and 2013. In 2013, 2014, 2015 and 2016, BORQS was awarded Company of the Year for Innovation & Leadership in Mobile Technology for Asia Pacific from the International Alternative Investment Review. Recently BORQS received the “50 Most Promising IoT Solution Providers 2016” recognition from CIO Review magazine. For more info, visit: http://www.borqs.com/

On December 27, 2016, and as amended on May 10, 2017 and June 29, 2017, entered into a definitive merger agreement with BORQS, as described in Pacific’s current reports on Form 8-K filed January 3, 2017May 12, 2017 and July 3, 2017. It is expected that after the closing, Pacific will change its name to “Borqs Technologies, Inc.”

Forward-Looking Statements

This press release includes “forward-looking statements” that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect both BORQS’ and Pacific’s managements’ current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Such factors include, among other things: the possibility that the merger will not close or that the closing may be delayed because conditions to the closing may not be satisfied; the performances of Pacific and BORQS; the ability of the combined company to meet the NASDAQ Capital Market’s listing standards; the reaction of BORQS customers to the merger; unexpected costs, liabilities or delays in the transaction; the outcome of any legal proceedings related to the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; and general economic conditions. In addition, please refer to the Risk Factors section of Pacific’s proxy statement and its Forms 10-K and 10-Q for additional information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements. Except as expressly required by applicable securities law, Pacific disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE Pacific Special Acquisition Corp.

CONTACT: Pacific Special Acquisition Corp., +1 646-512-5674 or +86 21-61376584 or Zhouhong Peng, Chief Executive Officer, pengzh@tpyzq.com or Yaqi Feng, Chief Operating Officer, fengyq@tpyzq.com

RELATED LINKS
http://www.tpyzq.com

Sino Fortune Holding Corp. Announces Effectiveness of Reverse Stock Split

Sino Fortune Holding Corporation (OTCQB: SFHD) (“Sino Fortune” or the “Company”), a leading online financial credit facility solution provider servicing SMEs and individual borrowers in China, today announced the effectiveness of its previously disclosed one (1) -for- five (5) reverse stock split (the “Reverse Split”) of its authorized and issued and outstanding shares of common stock (the “Common Stock”), starting with the opening of trading on August 7, 2017 under the symbol “SFHDD”. The symbol will be reverted back to “SFHD” 20 business days after August 7, 2017.

As a result of the Reverse Split, every five issued and outstanding shares of the Company’s Common Stock have been automatically combined into one issued and outstanding share. This reduced the total number of issued and outstanding shares of Common Stock from 361,820,246 to approximately 72.4 million, and the Company’s authorized shares of Common Stock also have been reduced from 2,990,000,000 to 598,000,000. No fractional shares were issued. All fractional shares created by the Reverse Split were rounded up to the nearest whole share.

About Sino Fortune Holding Corporation

Founded in 2013, Sino Fortune Holding Corporation (“Sino Fortune“) is a leading online financial credit facility solution provider servicing under-served SME and individual borrowers in China. Through operating an electronic online financial platform, www.hyjf.com, the Company matches investors with SME and individual borrowers in China. The Company also sets aside risk reserve funds with the aim of limiting losses to investors from borrower defaults. In addition, the Company provides investors with access to a liquid secondary market, giving them an opportunity to exit their investments before the underlying loans become due. For more information, please visit: ir.hyjf.com.

Forward-Looking Statements

This press release may contain projections or other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) and are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements.

For investors and media inquiries please contact:

At the Company:
Ede Yang
Email: ir@hyjf.com

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

SOURCE Sino Fortune Holding Corporation

Predictive Analytics Market Worth 12.41 Billion USD by 2022

According to a new research report Predictive Analytics Market by Type (Services, Solutions (Financial Analytics, Risk Analytics, Customer Analytics, Marketing Analytics, Sales Analytics, Web & Social Media Analytics)), Deployment, Organization and Industry Vertical – Global Forecast to 2022, published by MarketsandMarkets™, the Predictive Analytics Market size is expected to grow from USD 4.56 Billion in 2017 to USD 12.41 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.1% The key factors driving the Predictive Analytics Market include increasing business interests toward advanced analytics for future estimations.

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

Browse 81 Market Data Tables and 41 Figures spread through 161 Pages and in-depth TOC onPredictive Analytics Market

http://www.marketsandmarkets.com/Market-Reports/predictive-analytics-market-1181.html
Early buyers will receive 10% customization on this report

The BFSI industry vertical is expected to have the largest market share during the forecast period

In terms of industry verticals, the Banking, Financial Services, and Insurance (BFSI) industry vertical is expected to have the largest market share during the forecast period. Organizations operating in the BFSI industry vertical are using predictive analytics for effective and efficient management of various processes. Further, the major reason for the rising adoption of predictive analytics can be attributed to the need for minimizing the risks and frauds that occur every day. Predictive analytics is also offering insurance providers with the opportunity to recognize customer behaviors, leading to frauds, and helping companies save time and money, which in turn is eventually helping in lowering the insurance premiums for customers.

Request Report Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1181

The cloud deployment model is expected to grow at a higher CAGR during the forecast period

The cloud-based deployment model is witnessing a surge in demand due to its cost-effectiveness and easy worldwide availability. Owing to their low hardware requirement, the cloud-based solutions incur low maintenance costs with 24/7 accessibility from anytime, anywhere. Due to advancements in cloud technologies and increase in data generation from various constituents and customers, the cloud-based deployment model is expected to dominate the on-premises deployment model. Further, cloud solutions simplify the application of predictive analytics for the entire organization, and offer a competitive edge by terminating the administrative roadblocks, thus supporting the infrastructure and enabling organizations to focus on improving their competencies.

North America is expected to constitute the largest market share; APAC to grow at the highest CAGR

In terms of market share, North America is expected to continue its dominating position during the forecast period. This is mainly because of the presence of various developed economies, such as Canada and the US, and focus over innovating the existing solutions. North America produces a large amount of data and, thus, is the largest market for predictive analytics solutions. The early adoption of technologies and high penetration of predictive analytics in various industry verticals, such as manufacturing, healthcare, transportation, and logistics, are driving the growth of this market in the region.

The Asia Pacific (APAC) region is expected to grow at the highest CAGR during the forecast period. Factors such as growing technology expenditures in countries, including China and India, and the demand for cost-effective advanced analytical software and services among Small and Medium-sized Enterprises (SMEs) are expected to drive the market growth during the forecast period.

The major vendors in Predictive Analytics Market are Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US), International Business Machines (IBM) Corporation (US), Information Builders (US), Kognitio Ltd. (UK), KNIME.com AG (Switzerland), MicroStrategy, Inc. (US), Microsoft Corporation (US), NTT DATA Corporation (Japan), Oracle Corporation (US), Predixion Software (US), RapidMiner (US), QlikTech International (US), Sisense, Inc. (US), SAP SE (Germany), SAS Institute, Inc. (US), Tableau Software, Inc. (US), TIBCO Software, Inc. (US), and Teradata Corporation (US).

Make an Enquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1181

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http://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html

Manufacturing Analytics Market by Type (Solution & Services), Applications (Asset Management, Inventory Management, Emergency Management, Supply Chain Planning, Sales & Marketing Management, & Others), Industry Vertical, Regions – Global Forecast to 2021

” http://www.marketsandmarkets.com/Market-Reports/manufacturing-analytics-market-125191578.html

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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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SOURCE MarketsandMarkets

The Conference Board Leading Economic Index® (LEI) for South Korea Increased

The Conference Board Leading Economic Index® (LEI) for South Korea increased 1.2 percent in June 2017 to 114.0 (2010=100).

The Conference Board Coincident Economic Index® (CEI) for South Korea increased 0.1 percent in June 2017 to 111.2 (2010=100).

The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

The updated data tables can be found here.

The 2017 data release schedule is available here.

For more information about The Conference Board global business cycle indicators, click here.

ABOUT THE CONFERENCE BOARD
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. Winner of the Consensus Economics 2016 Forecast Accuracy Award (U.S.), The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org

SOURCE The Conference Board

CONTACT: Carol Courter (212) 339-0232 / courter@conference-board.org | Jonathan Liu (212) 339-0257 / jonathan.liu@conference-board.org

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Bus Fleet Market Projected to Grow at CAGR of 7.38% by 2022 Says a New Research Report at ReportsnReports

Global Bus Fleet Market is projected to display a modest growth represented by a CAGR of 7.38% during 2017 – 2022. APAC accounts for the largest regional share in the total Bus market, mainly driven by the growing economies of China and India with increasing automotive production, rising demand of electric vehicles and industrial development.

Browse 123 Tables and Figures, 10 Companies Profiles, spread across 175 pages at http://www.reportsnreports.com/reports/1154052-global-bus-fleet-market-analysis-by-type-inter-city-bus-school-bus-others-by-region-by-country-opportunities-and-forecast-2012-2022-by-region-north-america-europe-apac-row-by-country-us-canada-brazil.html.

CNG and electric buses is gaining the major attention as the next major development in bus; however, there are certain challenges that will need to be addressed, including the safety measures and government regulations regarding environment. Further, advancement in the bus technologies is expected to boost the global market in the forecast period. In the recent years, many leading manufacturing companies are dedicated in developing electric hybrid buses, with major focus to reduce cost and increase efficiency. Many high capacity buses, low floor and less noise is coming in market keeping in view the customer convenience.

Company Analysis – Volvo Group, Scania AB, Tata Motors, Ashok Leyland, Baoding Changan Bus Manufacturing Co. Ltd., MAN Group, Daimler Group, KingLong, Zhengzhou Yutong Group Co., Ltd, VDL Bus & Coach BV. Order a copy of report at http://www.reportsnreports.com/purchase.aspx?name=1154052.

The growth is backed by rising demand of electric vehicles, government regulations to use energy efficient and less pollutant emission engines and growing advancements in the electrification technology. The demand for buses is growing with rapid urbanization and rising concern of people towards environment safety. Among the regions, APAC accounts for the largest regional share in the total Bus market in 2016 and again is predicted to advance at the highest rate, mainly driven by the growing economies of China and India with increasing automotive production, rising demand of electric vehicles and industrial development.

The report titled, “Global Bus Fleet Market: Analysis By Type (Inter City Bus, School Bus, Others), By Region, By Country: Opportunities and Forecast (2012-2022) – By Region (North AmericaEurope, APAC, ROW), By Country (U.S., CanadaGermany, U.K., ChinaIndiaSaudi Arabia, UAE, Oman Qatar, KuwaitBahrainAlgeriaMoroccoEgypt , Brazil)”, has covered and analysed the potential of Global Bus Fleet Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global bus fleet market. Additionally, the report also highlights market entry strategies for various companies across the globe.

Scope of report

  • Global Market (Historic Period: 2012-2016, Forecast Period: 2017-2022)
  • Regional Markets  North AmericaEurope, APAC, and RoW (Historic Period: 2012-2016, Forecast Period: 2017-2022)
  • Other Report Highlights: Market Dynamics – Trends, Drivers, Challenges and Policy and Regulatory Landscape

Other related report Global Superyachts Market: Analysis By Type (Motor, Sailing, Open, Expedition, Sport Fishing), By Region, By Country: Opportunities and Forecast (2017-2022) – By Region (North America, Europe, Middle East, APAC, ROW), By Country (U.S., Canada, Italy, Netherlands, U.K, U.A.E, Japan, China), global market is projected to display a robust growth represented by a CAGR of 7.26% during 2017 – 2022, chiefly driven by rising number of ultra-wealthy clientele. Over the recent years, the global superyachts industry has been growing rapidly as the Ultra-High and High Net Worth Individual Population is increasing. Globally, the growth in the luxury yachts market is driven by rising trend of maritime tourism and recreational activities.

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ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports. We provide 24/7 online and offline support to our customers.

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ATMChain Foundation Invests EUR 15 MM in RFintech

ATMChain large meeting in Shenzhen Aug 6th, 2017

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million.

RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain’s “blockchain+media” platform.

ATMChain is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of “blockchain+media” to explore the economic value of people’s attention in a profound manner and turn media assets into the digital form.

As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia.

RFintech boasts advanced technology and rich marketing experience in high-tech areas such as AI and blockchain. It is devoted to creating new value with new technologies. It has established blockchain-based asset business backed by physical crude oil and other energy assets. It offers this new product, bilur, as the first eCommodity. Bilur will be exchanged in the major foreign exchange markets over the world.

RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in GenevaMadridLondonToronto, the US (New YorkHoustonand San Francisco), Mexico (DF), and Argentina (Buenos Aires).

In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

 

SOURCE RFintech Plc

CONTACT: For further information please contact: g.viescas@rfintech.com (German Viescas), +44-203-239-4458

Acorn International Sells Majority Stake in HJX Business

Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”) today announced that the Company recently reached an agreement to sell a majority stake in its HJX business to a third-party investor and operator. Specifically, the agreement includes the establishment of a joint venture that will be controlled and operated by such third party. Acorn’s HJX business engages in direct sales of Ozing branded electronic learning devices incorporating mobile internet interactive features, such as online tutoring services. The partial divestiture of this business unit represents an exit of day-to-day management by Acorn from this business, allowing Acorn to focus on its already profitable businesses and brands, as well as on achieving profitable growth of new businesses within the Group.

Under the terms of the agreement, the joint venture will help liquidate a large stock of HJX inventory, transition certain expenses on a pro rata basis to the joint venture and allow Acorn to divest day-to-day operational management to the third-party team. The joint venture is expected to be operational in the coming months.

Commenting on the joint venture, Jacob Fisch, President of Acorn said, “This is a great step forward for Acorn and a very solid deal for the company within the context of the overall market environment for electronic learning products. Despite the history and continuing strength of the Ozing brand in China, this business has struggled over the last few years due in large part to an ongoing secular decline of the specialized educational tablet market, as well as an inability to innovate fast enough around new software development. After exploring alternative strategic solutions over the last year, including efforts to turn the business around with internal resources, it became clear that this transaction was the best option for the business at this point in time.

“This joint venture marks one of our final key steps in turning around and restructuring the business away from loss-making legacy businesses to focus more closely on our brands and business areas that support our mandate for profitable growth,” Mr. Fisch concluded.

Executive Chairman Robert Roche agreed, “The agreement with HJX represents a positive move for Acorn as we realign our strategy and focus our attention on businesses that will drive profitable growth.”

About Acorn International, Inc.

Co-founded in 1998 by Executive Chairman Robert Roche, Acorn is a marketing and branding company in China with a proven track record of developing, promoting and selling a diverse portfolio of proprietary-branded products, as well as well-established and promising new products from third parties. Its business is currently comprised of two main divisions, its direct sales platforms and its nationwide distribution network. For more information visit www.acorninternationalir.com.

Safe Harbor Statement                     

This news release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipates,” “believes,” “estimates,” “expects,” “future,” “going forward,” “intends,” “outlook,” “plans,” “target,” “will,” and similar statements. Such statements are based on management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

Contact:

Acorn International, Inc.

Compass Investor Relations

Ms. Naomi Deng

Ms. Elaine Ketchmere, CFA

Phone +86-21-5151-2944

Phone: +1-310-528-3031

Email: dengqi@chinadrtv.com   

Email: Eketchmere@compass-ir.com

www.chinadrtv.com

www.compassinvestorrelations.com

 

SOURCE Acorn International, Inc.

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Loh Rachel from Malaysia and Team Wonderwomen Announced as Top Winners of the Maybank GO Ahead. Challenge 2017

After an intense 10-day competition, the Top Winners of the Maybank Go Ahead. Challenge (MGAC) 2017 were revealed at its Gala Dinner, held in Kuala Lumpur. MGAC is Maybank’s award-winning, multi-disciplinary talent acquisition and recruitment programme. In its 6th instalment this year, MGAC remains both an innovative and responsible recruitment platform to spot, build and nurture diverse, global talent.

Loh Rachel from Malaysia was named as the Global Champion of Maybank Go Ahead Challenge 2017. Loh Rachel from HELP University was awarded with a cash prize of USD1,000 and an opportunity to pursue a two-week internship at any Maybank office of his/her choice around the world. Team Wonderwomen, comprising Finalists from MalaysiaSingaporePhilippines and Indonesia emerged as the Global Champion, and walked away with a cash prize of USD40,000. Team Dark Knight, with Finalists from Sri LankaSingaporeMalaysiaVietnam and Cambodia was named as the 1st runner up winner and won USD20,000 prize money. The 2nd runner-up went to Team Avengers, comprising Finalists from MalaysiaSouth KoreaPhilippinesUkraine and Thailand who received the prize money of USD10,000.

The ultimate reward for all the Finalists is a conditional offer to join Maybank in its entry-level pipeline programme, the award-winning Global Maybank Apprentice Programme (GMAP). The two-year rotational management trainee programme offers best in-class development, on-the-job training, assigned coaching by Maybank’s senior management and the opportunity to undergo international assignments to any Maybank offices in the 20 countries, where Maybank has a presence.

Present at the Gala Dinner were Datuk Abdul Farid Alias, Maybank Group President & Chief Executive Officer; Dato’ Wan Amirul Feisal, Maybank Group Chief Financial Officer; Nora Abd Manaf, Maybank Group Chief Human Capital Officer; Dato’ Rafique Mohamed Merican, Chief Executive Officer of Maybank Islamic and Group Head of Islamic Banking; Suhail Amar Suresh, Group Chief Technology Officer; Kamaluddin Ahmad, Chief Executive Officer of Maybank Ageas Holdings and Maybank Group Head of Takaful and Insurance. Senior representatives from top universities across Malaysia and other countries were also present at the event.

“The Challenge increased in complexity through each stage, and pushed us to our limits as we were tested physically, mentally, emotionally to help us discover our inner strength. What I will always remember is to understand each of my teammate’s strengths and weaknesses, to create a winning formula for the team. Thank you Maybank for giving us this money-can’t-buy experience!” said Sorfina Hassan, Team Leader of Team Wonderwomen.

Loh Rachel shared her excitement on being named the Global Champion. “When I first applied to join MGAC 2017, I told myself that I will have to learn as much and as fast as possible. When we think positively and turn every challenge that comes our way into a learning opportunity, whether as a team or individually, we will be able to grow from strength to strength,” she said. Loh Rachel selected Maybank United States of America for her internship as she wanted to experience life in a totally new city and environment that will open her eyes to new challenges and new ideas.

In a two-minute pitching session held for top Finalists in the running for the Global Champion spot, they delivered their level best pitch under the theme “What Defines Your Tomorrow” to captivate the audience to vote for them. In this year’s MGAC, audience present at the Gala Dinner were able to vote for Finalists that they support as Global Champion. The Best MGAC 2017’s University Award, an award for universities with the highest number of students participation in the MGAC 2017’s University Leaderboard campaign, were also awarded later that night. With close to 2,000 students joining MGAC 2017, Sunway University was announced as the winner for this award category.

MGAC 2017 continues to be impactful and outstanding as it is the first student competition that tests its participants in both financial and non-financial disciplines, challenging them beyond their academic excellence.

Photo – https://photos.prnasia.com/prnh/20170811/1918613-1

 

SOURCE Maybank

CONTACT: Syahrul Amri +6012 305 8829 amri@madhat.asia, Caryn Yap +6012 377 0739 caryn@madhat.asia