Samsung Electronics Breaks Ground on a New EUV Line

Construction will be completed in the second half of 2019 and ready for production in 2020

Aims to maintain its leadership in cutting-edge process technology under 7nm

SEOUL, South Korea--(BUSINESS WIRE)--Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today broke ground on a new EUV (extreme ultraviolet) line in Hwaseong, Korea, aiming to maintain its leadership in state-of-the-art semiconductor technology.



With this new EUV line, Samsung will be able to strengthen its leadership in the single nanometer process technology by responding to market demand from various applications, including mobile, server, network, and HPC (high performance computing), where high performance and power efficiency are critical.

The new facility is expected to be completed within the second half of 2019 and start production ramp-up in 2020. The initial investment in this new EUV line is projected to reach US$ 6 billion by 2020 and additional investment will be determined depending on market circumstances.

Samsung has decided to utilize cutting-edge EUV technology starting with its 7-nanometer (nm) LPP (Low Power Plus) process. This new line will be set up with EUV lithography equipment to overcome nano-level technology limitations. Samsung has continued to invest in EUV R&D to support its global customers for developing next-generation chips based on this leading-edge technology.

"With the addition of this new EUV line, Hwaseong will become a center of the semiconductor cluster which covers Giheung, Hwaseong and Pyeongtaek," said Kinam Kim, President & CEO of Device Solutions at Samsung Electronics, in a welcome speech. "It will play a pivotal role as Samsung seeks to maintain a competitive edge as an industry leader in the coming age of the Fourth Industrial Revolution."

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.


Contacts

Samsung Semiconductor, Inc.
Lisa Warren-Plungy, 408-544-5377
lwarrenplungy@ssi.samsung.com

United Company RUSAL Plc: Mandate in Relation to the Potential Acquisition or Disposal of Shares in Norilsk Nickel Pursuant to a Settlement Agreement with Interros Which May Constitute a Very Substantial Acquisition or Disposal of the Company

HONG KONG--(BUSINESS WIRE)--Regulatory News:

United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)

MANDATE IN RELATION TO THE POTENTIAL ACQUISITION
OR DISPOSAL OF SHARES IN NORILSK NICKEL PURSUANT
TO A SETTLEMENT AGREEMENT WITH INTERROS WHICH
MAY CONSTITUTE A VERY SUBSTANTIAL ACQUISITION OR
DISPOSAL OF THE COMPANY

Reference is made to the announcements of the Company dated 4 December 2012, 11 December 2012, 24 December 2012, 25 April 2013, 28 June 2013, 30 August 2013, 1 October 2013, 20 October 2014, 10 July 2015 and 5 April 2016 (the “Announcements”) and the circular of the Company dated 25 June 2014 (the “Circular”) regarding the settlement between the Company and Interros in relation to Norilsk Nickel. Unless otherwise stated herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

As disclosed in the Circular, pursuant to the Agreement, there was a lock-up period during which each of the Company and Whiteleave (which has replaced Interros as a party to the Agreement) was prohibited from selling its shares in Norilsk Nickel such that its shareholding in Norilsk Nickel would become lower than 20% (the “Lock-up”). Under the Agreement, the Company and Whiteleave may sell/buy shares of Norilsk Nickel held to/from the other pursuant to a buy-sell process (“Shoot Out”) following the expiry of the Lock-up. As described in the Circular, the Potential Shoot Out Transaction was at the time treated as a major transaction pursuant to the Listing Rules and was approved by way of a written resolution of the Allied Shareholders in lieu of seeking approval of Shareholders at a duly convened general meeting of the Company.

As the Lock-up has now expired, the Shoot Out can be exercised by either the Company or Whiteleave at any time. If the Shoot Out is exercised, the Potential Shoot Out Transaction resulting therefrom may constitute a very substantial acquisition or a very substantial disposal of the Company (depending on the results of the Shoot Out) under Chapter 14 of the Listing Rules and will therefore subject the Company to the announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

In order to facilitate the Company in its initiation of, or response to, a potential Shoot Out and related matters, the Company proposes to seek the approval of the Shareholders, at the EGM by way of poll, of a Mandate which shall authorise the Board to effect the Potential Shoot Out Transaction as and when appropriate. The Mandate will be granted subject to certain terms set out in this announcement, including the period within which the Mandate will be valid and effective, and the minimum Selling Price and the maximum Purchase Price for the Potential Shoot Out Transaction.

A circular containing, among other things, further details of the Shoot Out as well as any other information required to be disclosed under the Listing Rules is expected to be despatched to the Shareholders on or before Friday, 16 March 2018.

INTRODUCTION

Reference is made to the Announcements and the Circular regarding the settlement in relation to Norilsk Nickel. Unless otherwise stated herein, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

As disclosed in the Circular, pursuant to the Agreement, there was the Lock-up pursuant to which each of the Company and Whiteleave (which has replaced Interros as a party to the Agreement) was prohibited from selling its shares in Norilsk Nickel such that its shareholding in Norilsk Nickel would become lower than 20%. Under the Agreement, either the Company or Whiteleave may sell/buy the shares of Norilsk Nickel held to/from the other pursuant to the Shoot Out upon the expiry of the Lock-up. As described in the Circular, the Potential Shoot Out Transaction was treated as a major transaction at the time pursuant to the Listing Rules and was approved by way of a written resolution of the Allied Shareholders in lieu of seeking approval of Shareholders at a duly convened general meeting of the Company.

According to the annual report of Norilsk Nickel for 2016, the shareholding structure of Norilsk Nickel was as follows:

THE SHOOT OUT

Under the Agreement, either the Company or Whiteleave (which has replaced Interros as a party to the Agreement) may initiate a Shoot Out by offering to purchase shares of Norilsk Nickel held by the other party or its affiliates at a price not less than the six-month weighted average price of the shares of Norilsk Nickel immediately prior to the offer date plus 20%, at any time following the expiry of the Lock-up up to the expiry of the term of the Agreement (i.e. 1 January 2023).

Following the receipt of the offer, the offeree party shall, within 90 days, either: (i) sell its shares at the offer price, (ii) buy the shares of the offering party at the offered price; or (iii) ask the offering party to acquire its shares at a higher price. If the offeree party asks for a higher price, the offering party is obliged either to buy at the higher price, or sell at the higher price.

In the event a party refuses to honour its aforesaid obligation to sell or purchase shares in Norilsk Nickel, thereby breaching the terms of the Shoot Out in the Agreement, the non-breaching party will be entitled to purchase (and the breaching party shall sell) 1.875% of the issued shares in Norilsk Nickel held by the breaching party at a price of USD1.

As the Lock-up has now expired, the Shoot Out can be exercised by the Company or Whiteleave at any time. If the Shoot Out is exercised, the Company may be required to buy some or all of Whiteleave’s shares in Norilsk Nickel or sell some or all of its shares in Norilsk Nickel to Whiteleave, depending on the results of the Shoot Out.

Based on the current financial information of the Company and Norilsk Nickel, the Potential Shoot Out Transaction may constitute a very substantial acquisition or a very substantial disposal of the Company (depending on the results of the Shoot Out) under Chapter 14 of the Listing Rules, and will therefore subject the Company to the announcement, circular and shareholders’ approval requirements under Chapter 14 of the Listing Rules.

MANDATE

In order to facilitate the Company in its initiation of, or response to, an offer under a potential Shoot Out and related matters, the Company proposes to seek the approval of the Shareholders, at the EGM by way of poll, of a Mandate which shall authorise the Board to effect the Potential Shoot Out Transaction as and when appropriate. The Mandate consists of an Acquisition Mandate and a Disposal Mandate, the terms of which are set out as follows:

Acquisition Mandate

Parties:  

(i)The Company and/or such other person or persons designated
by the Company (as the purchaser(s)); and

 
(ii)Whiteleave (as the seller).
 

Maximum number of
Norilsk Nickel Shares to be
acquired by the Company
pursuant to an exercise of
the Acquisition Mandate

The maximum number of Norilsk Nickel Shares to be acquired is
the number of Norilsk Nickel Shares beneficially owned by
Whiteleave (and/or its affiliates).

 

Mechanism for setting the
Purchase Price

Pursuant to the Agreement, the initial offer price per Norilsk
Nickel Share should be not less than six-month weighted average
price per Norilsk Nickel Share immediately prior to the offer date,
plus 20%.

 

Following the approval of the Acquisition Mandate and during the
term of the Mandate period, the Board shall be authorised and
empowered to determine at its sole and absolute discretion the
Purchase Price (including to make an offer to Whiteleave at the
Purchase Price or to accept a counter-offered price as the Purchase
Price), upon the condition that the maximum Purchase Price shall
not exceed USD320. This does not however mean that the
Company may not offer a Purchase Price lower than USD320.

 

 

Scope of authority under the
Acquisition Mandate

Following the approval of the Acquisition Mandate and during the
term of the Mandate, the Board is authorised and empowered to
determine, decide, execute and implement with full discretion all
matters relating to the Shoot Out (or equivalent acquisitions or
disposals), including but not limited to the right to make or accept
an offer or counter-offer or to agree with the counterparty another
transaction process not restricted by the present Shoot Out
requirements, subject to the limits as set out in the Acquisition
Mandate.

 
Mandate period

One year from the date the Mandate is granted by relevant
ordinary resolutions at the EGM.

 
Financing

The Company may enter into debt and/or equity financing
transactions necessary to comply with the terms of Shoot Out on
customary market terms.

 

Disposal Mandate

Parties:  

(i)The Company and/or its affiliates and related persons (as the
seller(s)); and

 
(ii)Whiteleave (as the purchaser).
 

Maximum number of Norilsk
Nickel Shares that may be
disposed of by the Company
pursuant to an exercise of the
Disposal Mandate

The maximum number of Norilsk Nickel Shares to be disposed is
up to the total number of the Norilsk Nickel Shares held by the
Company (and/or its affiliates and related persons).

 

Mechanism for setting the
Selling Price

Pursuant to the Agreement, the initial offer price per Norilsk
Nickel Share should be not less than six-month weighted average
price per Norilsk Nickel Share immediately prior to the offer date,
plus 20%.

 

Following the approval of the Disposal Mandate, upon receipt of
an offer from Whiteleave and during the term of the Mandate
period, the Board shall be authorised and empowered to determine
at its sole and absolute discretion the Selling Price (including to
accept the offered price as the Selling Price, or to seek a higher
Selling Price in a counter-offer), upon the condition that the
minimum Selling Price shall not be less than the greater of (i)
USD220.8, being the six-month weighted average price per
Norilsk Nickel Share as at the date of this announcement, plus
20%; and (ii) six-month weighted average price per Norilsk
Nickel Share immediately prior to the offer date, plus 20%.

 

Scope of authority under the
Disposal Mandate

Following the approval of the Disposal Mandate and during the
term of the Mandate, the Board shall be authorised and
empowered to determine, decide, execute and implement with full
discretion all matters relating to the Shoot Out (or equivalent
acquisitions or disposals), including but not limited to the right to
make or accept an offer or counter-offer or to agree with the
counterparty another transaction process not restricted by the
present Shoot Out requirements, subject to the limits as set out in
the Disposal Mandate.

 
Mandate period

One year from the date the Mandate is granted by relevant
ordinary resolutions at the EGM.

 

Under the terms of the Shoot Out, the amount of shares that may be subject to such sale or purchase shall be the lesser of the total amount of shares held by Company (and/or its affiliates) and Whiteleave (and/or its affiliates) respectively at the time of the commencement of the Shoot Out. However, it is likely that the Company and Whiteleave may further negotiate for the purchase and sale of the remaining stake held by the party who accepts an offer to sell, as the purpose of the Shoot Out is to buyout the other party. Therefore, the maximum number of Norilsk Nickel Shares that the Board is seeking approval to buy or sell under the Mandate is the maximum number of Norilsk Nickel Shares held by the Company, Whiteleave and their respective affiliates (as applicable). Based on the number of Norilsk Nickel Shares held by the Company, Whiteleave and their respective affiliates as at the date of this announcement, the maximum number of Norilsk Nickel Shares that may be the subject of the Potential Shoot Out Transaction (assuming the parties will buy out the entire stake held by the other in the Shoot Out) is approximately 48,106,624 Norilsk Nickel Shares (being the total number of Norilsk Nickel Shares held by Whiteleave and its affiliates as stated in the 2016 annual report of Norilsk Nickel). This is the maximum number of Norilsk Nickel Shares which may be purchased by the Company pursuant to an exercise of the Mandate (including the Acquisition Mandate and Disposal Mandate). On the basis of such number of Norilsk Nickel Shares, the total consideration payable by the Company upon exercise of an Acquisition Mandate in a Potential Acquisition (assuming the maximum Purchase Price of USD320) would be approximately USD15,394 million, and the total cash amount receivable by the Company upon exercise of a Disposal Mandate in a Potential Disposal (assuming the minimum Selling Price of USD220.8, being the six-month weighted average price per Norilsk Nickel Share as at the date of this announcement, plus 20%) would be approximately USD10,622 million.

Upon being granted the Mandate, the Board would have the full authority and discretion, on behalf of the Company to: (i) make an offer, or accept a counter-offer to acquire Norilsk Nickel Shares held by Whiteleave up to the maximum Purchase Price in accordance with the terms of the Acquisition Mandate; and/or (ii) to accept an offer or counter-offer to sell Norilsk Nickel Shares held by the Company at the minimum Selling Price in accordance with the terms of the Disposal Mandate.

CONSIDERATION

Purchase Price in a potential acquisition pursuant to the Acquisition Mandate

The consideration which may be payable by the Company in respect of an acquisition from Whiteleave under the Acquisition Mandate shall be determined over the Shoot Out process, and shall be not less than six-month weighted average price per Norilsk Nickel Share immediately prior to the offer date, plus 20%.

On the basis of the current shareholding in Norilsk Nickel Shares by the Company, Whiteleave and their respective associates, the maximum total consideration payable under the Shoot Out pursuant to an exercise of the Acquisition Mandate (assuming the mandate is exercised on the date of this announcement) would be USD14,090 million (being an amount equivalent to the maximum Purchase Price of USD320 per Norilsk Nickel Share multiplied by 44,030,958 Norilsk Nickel Shares). In the event the Company further negotiates for the acquisition of the remaining stake held by Whiteleave and its associates resulting from the Shoot Out (up to the maximum number of Norilsk Nickel Shares which may be purchased under the Acquisition Mandate), then the maximum total consideration payable by the Company would be increased to USD15,394 million (being the amount equivalent to the maximum Purchase Price of USD320 per Norilsk Nickel Share multiplied by 48,106,624 Norilsk Nickel Shares (i.e. the total number of Norilsk Nickel Shares held by Whiteleave and its affiliates as shown in the 2016 annual report of Norilsk Nickel).

The minimum Purchase Price payable (being the six-month weighted average price per Norilsk Nickel Share immediately prior to the offer date, plus 20%) was determined based on the terms of the Shoot Out under the Agreement, which was arrived at after arm’s length negotiation with a view to settle the previous disputes between the Company and Interros.

The maximum Purchase Price payable of USD320 was determined taking into account, inter alia, (a) the audited total asset value of the Norilsk Nickel group of approximately USD16,881 million as at 30 June 2017; (b) an appropriate control premium given the fact that Norilsk Nickel will be consolidated as a subsidiary of the Company following completion of the acquisition; (c) the growth potential of Norilsk Nickel which will further benefit from the development strategy and increased management and oversight by the Company following the consolidation (given the positive track record of the Company in managing metal assets worldwide); (d) the advantages and further synergy that could be derived from the further consolidation of Russia’s non-ferrous metal industry resulting from the consolidation of the Group and the Norilsk Nickel group; and (e) the costs incurred by the Group in relation to the Shoot Out.

Selling Price in a potential disposal pursuant to the Disposal Mandate

The consideration that may be received by the Company in respect of a disposal under the Disposal Mandate shall be determined over the Shoot Out process, and the price per share shall not be less than the six-month weighted average price per Norilsk Nickel Share immediately prior to the offer date, plus 20% (being the minimum offer price that may be made in respect of a Shoot Out pursuant to the terms of the Agreement, which was arrived at after arm’s length negotiation with a view to settle of the Company’s previous disputes with Interros).

Despite the above mechanism for setting the minimum Selling Price pursuant to the terms of the Shoot Out under the Agreement, the Board would suggest that the Company should not accept an offer by Whiteleave of a Selling Price that is lower than USD320. Such minimum Selling Price was determined with reference to the factors set out above which the Board took into consideration when determining the maximum Purchase Price.

PAYMENT TERMS IN RELATION TO THE CONSIDERATION

It is expected that the consideration will be payable in cash and shall be settled on the date of completion of the sale or purchase pursuant to the Shoot Out (which shall take place within 90 days from the date of the relevant offer or counter-offer).

Pursuant to the terms of the Agreement, any offer or counter-offer to purchase Norilsk Nickel Shares held by the offeree party shall be accompanied by a confirmation that the offering party has the money at its disposal and/or a legally binding letter from a bank (or a banking syndicate) with a commitment to provide financing to pay the Purchase Price.

FUNDING OF THE POTENTIAL ACQUISITION

The aggregate consideration (i.e. aggregate Purchase Price) which shall be payable by the Company in respect of a potential acquisition from Whiteleave may be financed by the Company by bank borrowings, through equity financing and/or fund raising platforms as well as internal resources of the Company.

USE OF PROCEEDS FROM THE POTENTIAL DISPOSAL

It is expected that the Company would receive a cash amount of no less than USD 9,722 million from the disposal of its shareholding in Norilsk Nickel on the basis of the minimum Selling Price (being the six-month weighted average price per Norilsk Nickel Share immediately preceding the date of this announcement plus 20%), assuming the Company does not dispose of any Norilsk Nickel Shares prior to the commencement of the Shoot Out. The Group expects to apply approximately USD5,900 million for repayment of loans, approximately USD250 million for additional capital expenditure programme and the remaining of proceeds for special dividends payment, for the increase of working capital and cash liquidity of the Group.

INFORMATION OF NORILSK NICKEL

Norilsk Nickel is the world’s largest palladium producer, the second largest nickel producer and one of the leading producers of platinum and copper. It also produces various by-products, such as cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and sulfur. The Norilsk Nickel group is involved in prospecting, exploration, extraction, refining and metallurgical processing of minerals, as well as in production, marketing and sale of base and precious metals. Its key assets are located in Norilsk region and Kola Peninsula in Russia, with foreign production facilities located in Finland and South Africa. In 2017, Norilsk Nickel produced 217 kiloton of nickel, 401 kiloton of copper, 2780 koz of palladium and 670 koz of platinum.

In Russia, the shares of Norilsk Nickel are on the First Level quotation list of the Moscow Exchange and admitted to trading at the Saint-Petersburg Exchange. Its American Depositary Receipts (ADRs) are traded on the over-the-counter (OTC) market of the United States of America, and in the electronic trading system of OTC markets at the London, Berlin and Frankfurt stock exchanges. The Company’s ADRs are also included in the FTSE Russia IOB Index of the London Stock Exchange.

According to Norilsk Nickel´s financial data prepared in accordance with International Financial Reporting Standard (“IFRS”) for the half-year ended 30 June 2017, Norilsk Nickel has the following key financial indicators:

USD million
(unless otherwise
specified)

  1H 2017   2016  

1H 2017/
1H 2016,%

 
Revenue 4,248 8,259 +11%
EBITDA 1,744 3,899 -3%
EBITDA margin 41% 47% -6 p.p.
Net profit 915 2,531 -30%
Capital expenditures 699 1,695 -1%
Net debt 5,598 4,551 +23%
Net debt / EBITDA 1.5x 1.2x +0.3x

Based on the annual and interim report of Norilsk Nickel: (i) the total asset value and net asset value of Norilsk Nickel as at 30 June 2017 was USD16,881 million and USD3,655 million respectively; and (ii) for the latest two calendar years and six months, the net profits of Norilsk Nickel were as follows:

  Before taxation   After taxation
(USD, in millions) (USD, in millions)
 

For the year ended 31
December 2015 (audited)

3,506 1,716

For the year ended 31
December 2016 (audited)

3,276 2,531

For the six months ended 30
June 2017 (audited)

1,218 915

The highest and lowest closing price of Norilsk Nickel Shares as quoted on Moscow Stock Exchange (MICEX) in the six months immediately before the date of this announcement was USD208.40 and USD153.70, respectively. For reference, the six-month weighted average price per Norilsk Nickel Share immediately prior to the date of this announcement is USD184 per Norilsk Nickel Share.

Following completion of any disposal, Norilsk Nickel will cease to be included in the consolidated financial statements of the Company as an associated company.

REASONS FOR AND BENEFITS OF GRANTING THE MANDATE

The Agreement was entered on 10 December 2012 and at the time Crispian Investments Limited (“Crispian”) was brought in as a shareholder of Norilsk Nickel to act as a de facto arbiter (to create a system of checks and balances within the corporate governance of Norilsk Nickel at the conclusion, and part of the settlement, of the lengthy corporate war between the Company and Interros). As announced by the Company on 19 February 2018, Crispian has served notice on the Company informing the Company that it intends to sell certain of its shares to Bonico Holdings Co Ltd and purporting to give the Company and Whiteleave pro rata rights of first refusal to acquire the relevant shares. With the potential exit of the balancing stake in Norilsk Nickel held by Crispian, the Company and Whiteleave (which has replaced Interros as a party to the Agreement but a controlled corporation of Mr. Potanin) must either resolve any disputes among them, if any, or alternatively, utilize the Shoot Out, being a dispute resolution mechanism in-built into the Agreement to deal with potential deadlocks or disagreement between the Company and Whiteleave, to buy out the other’s Norilsk Nickel Shares. Given the above, the Shoot Out may in fact be a real possibility if the relationship between the Company and Whiteleave deteriorates.

Where, due to prevailing circumstances, a Shoot Out is imminent, it would be crucial for the Board to be prepared and have the flexibility to expediently make an offer or counter-offer as and when appropriate.


Contacts

United Company RUSAL Plc


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United Company RUSAL Plc: Annual Results Announcement for the Year Ended 31 December 2017

HONG KONG--(BUSINESS WIRE)--Regulatory News:

United Company RUSAL Plc (Paris:RUSAL) (Paris:RUAL):

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

UNITED COMPANY RUSAL PLC
(Incorporated under the laws of Jersey with limited liability)
(Stock Code: 486)

ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2017

Key highlights

  • During 2017, the market environment was favourable for the aluminium industry. Recovery in the London Metals Exchange (“LME”) aluminium price in 2017 by 22.7% to an average of USD1,968 per tonne as compared to USD1,604 per tonne in 2016 together with an increase in volumes of primary aluminium and alloys sold by 3.6% between the same periods as well as a growth in share of value added products (“VAP”) in total aluminium sales to 47.3% in 2017 in comparison with 44.0% in 2016 resulted in the growth of revenue of United Company RUSAL Plc (“UC RUSAL” or the “Company”, together with its subsidiaries, the “Group”) in 2017 by 24.9% to USD9,969 million as compared to USD7,983 million in 2016.
  • On the back of strong LME prices and healthy demand the Group’s Adjusted EBITDA increased to USD2,120 million in 2017, an increase of 42.4% as compared to 2016 and the highest result since 2012.
  • The Group increased its Adjusted EBITDA to USD586 million in the fourth quarter of 2017 as compared with USD549 million for the third quarter of 2017 despite significant pressure on cost of production. Focus on efficiency and cost reduction initiatives limited aluminium segment cost per tonne increase by 5.4% to USD1,602 per ton in the fourth quarter of 2017 in comparison with USD1,520 in the third quarter of 2017 as a result of the increase in energy and other raw material costs as well as appreciation of Russian Ruble.
  • UC RUSAL achieved Adjusted Net Profit and Recurring Net Profit of USD1,077 million and USD1,573 million, respectively, in 2017, as compared to USD292 million and USD959 million in 2016.
  • In February 2017, the Company completed its third offering of Eurobonds with the following key terms: principal amount of USD500 million, tenor of 5 years, coupon rate of 4.85% per annum. The bonds proceeds were applied for partial prepayment of UC RUSAL’s existing debt.

Statement of the Chief Executive Officer

In 2017 strong global demand for aluminium ensured a positive market backdrop for the industry, with UC RUSAL’s estimates showing that global demand for the metal grew by 6% throughout the year to 64 million tonnes. The global aluminium market balance was left in a deficit of around 1 million tonnes whilst the LME price grew by 22.7% year-on-year (“YoY”).

Alongside this positive macro backdrop, UC RUSAL’s fourth quarter and full year results demonstrated continued momentum. The Company delivered robust operating results and sales volumes growth, which, coupled with the LME price’s solid improvement, led to the fourth quarter revenue increasing by 11.6% quarter-on-quarter (“QoQ”) to USD2,745 million. Despite a rise in cost inflation, UC RUSAL’s management succeeded in keeping costs under control to reach USD586 million in EBITDA with a healthy margin of 21.3% in the last quarter of the year.

The full year results seemingly demonstrated UC RUSAL’s solid position in its core business. Revenue increased to nearly USD10 billion while full year 2017 EBITDA was up by 42.4% to reach USD2,120 million. Importantly, 2017 saw UC RUSAL achieve further progress in key strategic priorities. Production of value added products reached approximately 50% in total output. We launched our bespoke brand of low carbon aluminium, “ALLOW”, which we believe will be in demand from climate-conscious customers. We also expanded our product portfolio with new downstream acquisitions.

Throughout the year, UC RUSAL continued to improve its debt profile by actively pursuing capital markets opportunities and engaging with its strategic financial partners. Post reporting period, the Group successfully tapped into the Eurobonds market and offered USD500 million of bonds. Overall, the Groups’s debt structure provides for minimal liquidity risk and greater operational flexibility, which leaves the Group in good shape for 2018.

  Vladislav Soloviev
Chief Executive Officer

23 February 2018

Financial and Operating Highlights

   

Quarter ended 31
December

 

Change,
quarter
on
quarter,
(4Q to
4Q)

 

Quarter
ended 30
September

 

Change,
quarter
on
quarter,
(4Q to
3Q)

 

Year ended 31
December

 

Change,
year-on-
year

2017   2016 2017 2017   2016
unaudited unaudited unaudited
 

Key operating
data

(’000 tonnes)
Aluminium 945 930 1.6% 931 1.5% 3,707 3,685 0.6%
Alumina 1,991 1,939 2.7% 1,965 1.3% 7,773 7,528 3.3%
Bauxite 2,944 2,841 3.6% 2,742 7.4% 11,645 12,187 (4.4%)
 
(’000 tonnes)

Sales of primary
aluminium and
alloys

1,000 922 8.5% 968 3.3% 3,955 3,818 3.6%
 
(USD per tonne)

Production cost
per tonne in
Aluminium
segment1

1,602 1,344 19.2% 1,520 5.4% 1,508 1,333 13.1%

Aluminium
price per tonne
quoted on the
LME2

2,101 1,710 22.9% 2,011 4.5% 1,968 1,604 22.7%

Average
premiums over
LME price3

161 151 6.6% 162 (0.6%) 163 159 2.5%

Average sales
price

2,263 1,799 25.8% 2,124 6.5% 2,105 1,732 21.5%

Alumina price
per tonne4

445 307 45.0% 310 43.5% 354 253 39.9%
 

Key selected
data from the
consolidated
statement of
income

(USD million)
Revenue 2,745 2,027 35.4% 2,460 11.6% 9,969 7,983 24.9%

Adjusted
EBITDA

586 412 42.2% 549 6.7% 2,120 1,489 42.4%

margin (% of
revenue)

21.3% 20.3% NA 22.3% NA 21.3% 18.7% NA

Profit for the
period

440 645 (31.8%) 312 41.0% 1,222 1,179 3.6%

margin (% of
revenue)

16.0% 31.8% NA 12.7% NA 12.3% 14.8% NA

Adjusted Net
Profit for the
period

350 44 695.5% 262 33.6% 1,077 292 268.8%

margin (% of
revenue)

12.8% 2.2% NA 10.7% NA 10.8% 3.7% NA

Recurring Net
Profit for the
period

451 207 117.9% 436 3.4% 1,573 959 64.0%

margin (% of
revenue)

16.4% 10.2% NA 17.7% NA 15.8% 12.0% NA
 

1 For any period, “Aluminium segment cost per tonne” is calculated as aluminium segment revenue less aluminium segment results less amortisation and depreciation divided by sales volume of the aluminium segment.
2 Aluminium price per tonne quoted on the LME representing the average of the daily closing official prices for each period.
3 Average premiums over LME realized by the Company based on management accounts.
4 The average alumina price per tonne provided in this table is based on the daily closing spot prices of alumina according to Non-ferrous Metal Alumina Index FOB Australia USD per tonne.

Key selected data from consolidated statement of financial position

    As at  

Change year-
on-year

31 December
2017

 

31 December
2016

 
(USD million)
Total assets 15,774 14,452 9.1%
Total working capital5 1,761 1,691 4.1%
Net Debt6 7,648 8,421 (9.2%)
 

Key selected data from consolidated statement of cash flows

    Year ended  

Change year-
on-year

31 December
2017

 

31 December
2016

 
(USD million)
Net cash flows generated from operating activities 1,702 1,244 36.8%
Net cash flows generated from investing activities 2 104 (98.1%)
of which dividends from associates and joint ventures 806 336 139.9%
of which CAPEX7 (842) (575) 46.4%
Interest paid (493) (452) 9.1%
 

5 Total working capital is defined as inventories plus trade and other receivables minus trade and other payables.
6 Net Debt is calculated as Total Debt less cash and cash equivalents as at the end of any period. Total Debt refers to UC RUSAL’s loans and borrowings and bonds outstanding at the end of any period.
7 CAPEX is defined as payment for the acquisition of property, plant and equipment and intangible assets.

Overview of Trends in the Aluminium Industry and Business Environment

Highlights for the full year 2017

  • Global aluminium demand rose by 6% in 2017 to 64 million tonnes, amid coordinated economic growth in major regions of the world, including China, Europe and North America. In 2018, global demand is expected to build on the positive foundations of the past year to increase by 5% to 67.3 million tonnes. Robust demand growth left the global aluminum market balance in a deficit at around 1 million tonnes in 2017 and is expected to rise to above 2 million tonnes in 2018.
  • Global aluminium supply is expected to grow by 2.8% in 2018 compared to 5.7% growth in 2017. In China there is strong evidence of the implementation of supply side reform in the Chinese aluminum industry in 2017 with more than 10 million illegal operating capacity and projects having been cut.
  • As estimated significant part of aluminium smelters closed during current winter cuts season will not return to the market due to severe environmental regulation for smelters emissions in 26+2 cities, high restarting costs and current low profitability.
  • Chinese semis exports stay under significant pressure from international anti-dumping initiatives and there have been recent announcements for further investigations under Section 232 alongside the possible introduction of new duties on Chinese semis exported to the US. As a result, aluminium Midwest premium in the US hit USD12 c/t with potential move to USD14 c/t.
  • The reported aluminium inventories in the world ex-China fell further to ~ 2.9 million tonnes at the end of 2017, down ~ 1.0 million tonnes from the level at the end of 2016 to historical low level for stock to consumption ratio of 36 days compared to 115 days peak in mid of 2015.

The LME aluminium price rose 22.7% YoY in 2017 and reached USD2,256/t on January 2, 2018, nearly a six-year high, consolidating later at a new level of USD2,200/t as a result of widespread capacity cuts in China and a steady reduction of LME stocks - further evidence of a global market deficit. The rising cost inflation in China made a significant share of operating Chinese aluminium capacity barely breakeven by the end of 2017.

Aluminium demand

Global aluminium demand rose by 6% to 64.2 million tonnes in 2017. In the world excluding China, demand grew by 3.7% to 29.2 million tonnes, while Chinese demand increased by 7.8% to 34.9 million tonnes. Despite high aluminium prices there is a slow process of restarting capacity capability outside of China due to lack of competitive power tariff and high restarting costs.

China continued to lead global growth in 2017, with its economy confounding expectations of a slowdown. Full year GDP increased by 6.9%, an upturn from the 6.7% pace of 2016 and well above the official target of 6.5%. The key driver of aluminium demand, industrial production, mirrored the improvement in the broader economy, accelerating to 6.6% growth in 2017, from 6% the prior year. There was broad based strength across the major aluminium consuming industrial sectors, with construction, manufacturing and transportation all remaining robust. Floor space under construction started in 2017, rose by 10.5%, while auto production rose by 2.1%, but growth in production of commercial vehicles was much sharper, up by 13.8%. Strong investment in the power sector, especially in green energy, also provided further impetus to aluminium demand.

In North America, underlying demand began the year cautiously before strengthening through the year. There was a welcome return to positive growth in industrial production in 2017, rising by 1.8% in the United States, following a contraction in the prior year. Despite a 3.9% decline in North American motor vehicle production, aluminium demand from the sector grew strongly, amid rising intensity of use, especially in the rolled products sector. Construction activity remained solid, with housing starts rising by 2.4% to 1.1 million units, and pointing to a robust outlook for extrusions demand given the lag between starts and aluminium consumption in the build. In 2017 as a whole, primary aluminium demand rose by an estimated 2.6% to 6.8 million tonnes.

The recovery in the Eurozone economy was particularly impressive, with industrial activity improving throughout 2017. Manufacturing PMIs were illustrative of this trend, hitting multi-year highs in regional heavyweights Germany, France and Italy and even the UK shrugged off Brexit fears to increase through the year. The Eurozone manufacturing PMI ended the year at 60.6, its loftiest level since the currency group was formed. In a similar vein, the construction market built on strong growth in 2016, with further gains last year, which resulted in the production in construction index for Euro 28 countries also hitting multi-period highs. The pace of the auto market slowed slightly but vehicle output still rose by an estimated 1.4% across the region, although as in the US, intensity of use gains meant that sectoral aluminium demand ran well ahead of car production. This confluence of positive factors led to aluminium demand growth of 3.2% to 9.4 million tonnes in Europe (including Turkey but excluding Russia).

Japan’s economy carried on the strong momentum from the end of the previous year to accelerate in 2017, driven by a recovery in the industrial sector. This led to industrial production growth estimated at 4.4%, after a minor contraction in 2016. A key component of this growth was automotive, with vehicle production accelerating by an expected 5.6% for the full year, bouncing back from a decline in 2016. The construction market fared less well, with housing starts contracting by a modest 0.1%, although sectoral aluminium demand still increased, benefiting from follow through from buildings that began construction the prior year. In addition to the strength of underlying domestic demand, Japan was boosted by a strong global economy, which was supportive of its exports. This was evident in the aluminium sector as well as the broader manufacturing sector.

Economic activity has remained strong in the ASEAN region, as GDP in major countries such as Thailand, Vietnam and Indonesia, grew at a rate of between 4 and 7%. The region as a whole continues to benefit from major macro drivers such as industrialisation and urbanisation, in addition to investment in downstream industry, including in aluminium. This will result in primary aluminium demand increasing to 6.5 million tonnes or 3.5% in the Asian region (ex China & India) in 2017.

The other major growth driver in the rest of Asia is India, and although its economy slowed in 2017, amid economic reforms, the rate of increase in GDP would still be the envy of most developed countries. GDP is expected to have grown by 6.2% over the year as a whole, although picking up speed in the final two quarters. Industrial production followed a similarly positive trend, pointing to an acceleration in growth in 2018. Even with a slowdown in the economy, primary aluminium demand still rose by an impressive 5.6% to 2.1 million tonnes in 2017.

In our home market of Russia, following two years of negative economic growth, GDP rose by an estimated 1.9% in 2017. A recovery in oil prices supported government revenues and this is fed through into increased government spending on infrastructure. This boosted demand across a range of end uses but especially in the electrical sector. A change in regulations to allow aluminium wiring in buildings during 2017 provides a bullish backdrop for further consumption growth. Primary aluminium demand in Russia grew by 10.9% to 0.8 million tonnes in 2017 and expected to rise to 0.9-0.95 million tonnes in 2018.

Global supply

Global aluminium supply rose by 5.7% to 63.5 million tonnes in 2017. In the world excluding China, supply grew by 1% to 27.2 million tonnes, while Chinese supply increased by 9.5% to 36.4 million tonnes.

In China there is strong evidence of the implementation of Supply Side reform in the Chinese aluminum industry in 2017 with more than 10 million illegal operating capacity and project cuts. As a result, according to Aladdiny data annualized Chinese aluminum production in November has dropped to 35.4 million tonnes from its maximum of 38.6 million tonnes in July of 2017.

The announcement by the Chinese regulator regarding winter capacity cuts which have now been implemented will result in an annualized production losses of approximately 1 million tonnes of metal, and 4.4 million tonnes of alumina, according to UC RUSAL estimates. As estimated significant part of aluminium closed smelters during current winter cuts season will not return to the market due to sevear environmental regulation for smelters emissions in 26+2 cities, high restarting costs and current low profitability.

Larger losses may take place in carbon materials supply including anodes and coking coal, that would to exert an upward pressure on the costs bases for aluminium producers due to squeezes in raw materials supply chain.

Strong antipollution controls and environmental measures continue to be focused towards the energy intensive industries in China in 2018 with intention to further cap and reduce CO2 emissions. Several heavily aluminium producing provinces plan to curb CO2 emissions by 20-23% on average by 2020 from the 2015 level. Starting this year Chinese aluminum smelters start paying environmental tax potentially increasing production costs by 70-100 RMB/tonne for big producers.

In addition to China domestic regulatory measures, Chinese semis exports stay under significant pressure from international anti-dumping initiatives and there has been recent announcements for further investigations under Section 232 alongside the possible introduction of new duties on Chinese semis exported to the US. This may result in a continued drop of exports of Chinese FRP and other aluminium semis products to United States, the second largest Chinese semis consuming market.

Business review

Aluminium

  • Aluminium production in 4Q17 totaled 945 thousand tonnes (+1.5% QoQ), with Siberian smelters representing 94% of total aluminium output. Total production dynamics remained largely stable with capacity utilization reaching 97%. The production of value added products (VAP ) in 4Q17 amounted to 469 thousand tonnes (+9.1% YoY), the company maintains VAP production levels as per its guidance at c.50% of total product mix;
  • In 4Q17 aluminium sales increased (+3.3% QoQ) totaling 1 million tonnes. In 4Q17, sales of VAPs decreased to 462 thousand tonnes. (-3.5% QoQ). The QoQ decline in VAP sales dynamics is largely explained by a skew towards primary aluminium under existing contracts which led to a decline of VAP’s share in total sales to 46%. The Company expects that the sales mix will trend towards the production mix and targets 50-52% share of VAPs through 2018 on the back of a solid backlog of end-customer product orders for 2018 and the launch of new VAPs capacities;.
  • In 4Q17 the average aluminium realized price increased by 6.5% QoQ to USD2,263/t. The increase was due to positive dynamics in LME QP component (+7.1% QoQ to USD2,102/t). The average realized premium component remained almost flat (-0.6% QoQ to USD161/t);
  • In 12M17 aluminium production totaled 3,707 thousand tonnes (+0.6% YoY);
  • In 12M17 aluminium sales increased (+3.6% YoY) totaling 3,955 thousand tonnes. This increase was achieved largely due to an increase in third party aluminium products sales (+91.3% YoY to 169 thousand tonnes);
  • During 12M17, the company as per its strategy continued to grow VAP’s sales, which totaled 1,869 thousand tonnes (+11.2% YoY). The share of VAP’s sales in total sales now stands at 47.3% in comparison with 44% in 12M16;
  • In 12M17, the average aluminium realized price increased by 21.5% YoY to USD2,105/t due to positive dynamics in LME QP component (+23.5% YoY to USD1,942/t). The average realized premium component increased by 2.5% YoY to USD163/t).

Alumina

  • In 4Q17, total alumina production increased by 1.3% QoQ, totaling 1,991 thousand tonnes. Russian operations accounted for 36% of the total output. The performance of the Company’s alumina assets was largely in line with the production plan.
  • The continuation of ramping up capacity at Russian (Urals Alumina Refinery) and Ukrainian (Nikolaev) based refineries post the completion of upgrades earlier in 2017 was largely behind the 12M17 YoY production increase of +3.3%, to 7,773 thousand tonnes.

Bauxites

  • In 4Q17, bauxite production increased by 7.4% QoQ to 2,944 thousand tonnes. This is due to a low comparison base in 3Q17 for mines of Bauxite Company of Guyana, Kindia and North Urals. In 4Q17, nepheline output decreased by 7.4% to 1,041 thousand tonnes, due to seasonal decline in production.
  • In 12M17 bauxite output totaled 11,645 thousand tonnes (-4.4% YoY). The decrease of bauxite production is largely attributed to a decline in output in 3Q17, due to abnormal weather conditions that affected the operational performance of Bauxite Company of Guyana and Windalco as well as scheduled operational equipment care and maintenance works at mines in Kindia and Timan. Nepheline ore output decreased by 2.3% YoY to 4,332 thousand tonnes.

Financial Overview

Revenue

    Year ended 31 December 2017   Year ended 31 December 2016

USD
million

  kt  

Average
sales price
(USD/tonne)

USD
million

  kt  

Average
sales price
(USD/tonne)

 
Sales of primary aluminium and alloys 8,324 3,955 2,105 6,614 3,818 1,732
Sales of alumina 769 2,018 381 622 2,267 274

Sales of foil and other aluminium
products

323 240
Other revenue 553 507

 

 

 

 

 

 

 
Total revenue 9,969 7,983

 

 

 

 

 

 

 

Total revenue increased by USD1,986 million or by 24.9% to USD9,969 million in 2017 compared to USD7,983 million in 2016. The increase in total revenue was mainly due to the growth of sales of primary aluminium and alloys, which accounted for 83.5% and 82.9% of UC RUSAL’s revenue for 2017 and 2016, respectively.

   

Quarter ended 31
December

 

Change,
quarter
on
quarter,
(4Q to
4Q)

 

Quarter
ended 30
September

 

Change,
quarter
on
quarter,
(4Q to
3Q)

 

Year ended 31
December

 

Change,
year-on-
year

2017   2016 2017 2017   2016
unaudited unaudited unaudited
 
(USD million)

Sales of primary
aluminium and
alloys

USD million 2,263 1,659 36.4% 2,056 10.1% 8,324 6,614 25.9%
kt 1,000 922 8.5% 968 3.3% 3,955 3,818 3.6%

Average sales
price (USD/t)

2,263 1,799 25.8% 2,124 6.5% 2,105 1,732 21.5%
Sales of alumina
USD million 233 164 42.1% 172 35.5% 769 622 23.6%
kt 492 570 (13.7%) 502 (2.0%) 2,018 2,267 (11.0%)

Average sales
price (USD/t)

474 288 64.6% 343 38.2% 381 274 39.1%

Sales of foil and
other aluminium
products (USD
million)

91 65 40.0% 91 323 240 34.6%

Other revenue
(USD million)

158 139 13.7% 141 12.1% 553 507 9.1%

 

 

 

 

 

 

 

 

Total revenue
(USD million)

2,745 2,027 35.4% 2,460 11.6% 9,969 7,983 24.9%

 

 

 

 

 

 

Revenue from sales of primary aluminium and alloys increased by USD1,710 million, or 25.9% to USD8,324 million in 2017, as compared to USD6,614 in 2016, primarily due to a 21.5% increase in the weighted-average realized aluminium price per tonne driven by an increase in the LME aluminium price (to an average of USD1,968 per tonne in 2017 from USD1,604 per tonne in 2016), as well as an increase in the sales volumes by 3.6% and slight improvement in premiums above the LME prices in the different geographical segments (to an average of USD163 per tonne from USD159 per tonne in 2017 and 2016, respectively).

Revenue from sales of alumina increased by 23.6% to USD769 million for the year ended 31 December 2017 as compared to USD622 million for the previous year primarily due to an increase in the average sales price by 39.1%, which was partially offset by a decrease in the sales volumes by 11.0%.

Revenue from sales of foil and other aluminium products increased by USD83 million, or by 34.6%, to USD323 million in 2017, as compared to USD240 million in 2016 primarily due to a 20.


Contacts

United Company RUSAL Plc


Read full story here

Quanta Cloud Technology Partners with Radisys to Deliver Optimized RAN Solutions on Its High-Performance Hardware

Radisys’ RAN software and integration services, combined with Affirmed Networks’ industry-leading 5G Mobile Core, enhance the solution with TCO advantages for customers globally


HILLSBORO, Ore.--(BUSINESS WIRE)--Radisys® Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, today announced that Quanta Cloud Technology (QCT) has selected Radisys MobilityEngine™ LTE-Advanced and 5G RAN software to run on its open server hardware platforms, delivering optimized high performance and low latency RAN solutions to mobile operators globally. The resulting solution, which also integrates Affirmed Networks’ cloud native 5G Mobile Core and leverages Radisys’ integration services, gives mobile operators a differentiated Mobile Core and RAN solution that is based on open standards, delivering faster time-to-market and better ROI.

Highlights

  • To meet the capacity and latency demands of 5G applications and services such as IoT, virtual and augmented reality (VR/AR), artificial intelligence (AI), big data analytics, autonomous cars and more, mobile operators are transforming their access networks from single-vendor proprietary solutions to multi-vendor solutions built with open software and hardware components.
  • QCT is a leading hardware vendor that has embraced the telecom industry shift to open hardware, taking a leading role in open networking communities and offering its global customer base a variety of form factors that best meet their needs, including OCP-based hardware, rackmount servers, COTS-based x86 platforms and more.
  • Radisys’ MobilityEngine software introduces open and disaggregated mobile access cloud solutions that deliver significant TCO advantage while enabling the evolution to 5G. By pre-integrating and pre-validating MobilityEngine RAN software and Affirmed Networks’ 5G Mobile Core Solution onto QCT’s hardware form factors, Radisys and QCT can offer to their customers differentiated, performance-optimized solutions for LTE-Advanced Pro and 5G RAN with faster time-to-market and reduced risk. Mobile operators will be able to leverage the deployment-ready turnkey solutions for their Multi-Access CORD, Cloud and Virtualized RAN, as well as Mobile Edge deployments.

““This integrated solution leverages Radisys’ DNA in software and integration services and Quanta’s full portfolio of industry-leading open server hardware to offer our customers a truly multi-vendor solution that is built for the demands of 5G mobile edge computing,” said Neeraj Patel, Vice President and General Manager, Software & Services Solutions, Radisys. “We are committed to partnering with QCT as a preferred OCP hardware provider and with the industry-leading Virtualized EPC vendor Affirmed Networks, to deliver right-fit technology solutions to our mobile operator customers that don’t compromise on performance while reducing cost and risk.”

“Our extensive hardware portfolio is designed to meet the needs of mobile operators that are transforming their networks to meet the requirements of 5G and mobile edge computing,” said Mike Yang, President of QCT. “QCT is dedicated to fostering partnerships with technology software leaders such as Radisys in order to deliver pre-integrated and pre-validated solutions to mobile operators that reduce deployment times for next-gen networks. Radisys’ MobilityEngine RAN software and integration expertise allows making commercial deployments of new open architectures a reality.”

“Virtualized networks deliver a host of advantages to mobile operators, the primary ones being economic scaling and service agility,” said Amit Tiwari, Affirmed Networks’ Vice President, Strategic Alliances and Systems Engineering. “As deployments accelerate in preparation for 5G, delivering integrated solutions with industry leaders such as Radisys will ensure an efficient and successful network transformation.”

Radisys and QCT at Mobile World Congress 2018

Radisys will showcase open telecom solutions in the Open Networking Foundation booth in Hall 5, Stand 5I61 at MWC. To see the technology demonstrations, or to meet with Radisys’ open telecom experts, contact open@radisys.com

QCT will also be unveiling details about its network transformation solutions in Hall 5, Booth 5B11 at MWC.

About Radisys

Radisys, a global leader in open telecom solutions, enables service providers to drive disruption with new open architecture business models. Radisys’ innovative disaggregated and virtualized enabling technology solutions leverage open reference architectures and standards, combined with open software and hardware to power business transformation for the telecom industry, while its world-class services organization delivers systems integration expertise necessary to solve communications and content providers’ complex deployment challenges. For more information, visit www.Radisys.com.

About Affirmed Networks, Inc.

Affirmed Networks has achieved significant attention as its Network Functions Virtualization (NFV) solution has become the standard for the world’s top mobile operators. Currently, the company has been deployed commercially, including in Tier 1 and Tier 2 mobile networks, and is engaged in many trials worldwide. For more information, please visit: www.affirmednetworks.com.

About Quanta Cloud Technology (QCT)

Quanta Cloud Technology (QCT) is a global data center solution provider. We combine the efficiency of hyperscale hardware with infrastructure software from a diversity of industry leaders to solve next-generation data center design and operation challenges. QCT serves cloud service providers, telecoms and enterprises running public, hybrid and private clouds.

Product lines include hyperconverged and software-defined data center solutions as well as servers, storage, switches and integrated racks with a diverse ecosystem of hardware component and software partners. QCT designs, manufactures, integrates and services cutting-edge offerings via its own global network. The parent of QCT is Quanta Computer, Inc., a Fortune Global 500 corporation. www.QCT.io.

Radisys® is a registered trademark of Radisys. All other trademarks are the property of their respective owners.


Contacts

Nereus for Radisys
Lori Mesecke, +1-503-459-9150
lmesecke@nereus-worldwide.com

Oxygen Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON--(BUSINESS WIRE)--#oxygen--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Oxygen Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the chemicals industry. This report breaks down the data and analysis behind the procurement of oxygen and acts as an all-inclusive guide for making smart purchasing decisions.



“Leading suppliers of oxygen are increasingly focusing on differentiating their product and service offerings through the development of patented technologies with features such as remote monitoring and digital control,” says SpendEdge procurement analyst Anil Seth. “Also, the suppliers are increasingly adopting technologies such as predictive analytics and remote management systems to reduce service lead times and proactively identify and execute preventive maintenance activities,” added Anil.

Looking for more insights from this report? Request a free sample report

SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.

Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Oxygen Market:

  • Growth in adoption of analytics and remote management systems
  • Increasing consolidation in global oxygen market
  • Increased adoption of joint venture as a preferred method for procurement of oxygen

This report is available at USD 1000 discount for a limited time only: View the report snapshot before purchasing

Growth in adoption of analytics and remote management systems:

Leading oxygen suppliers are increasingly adopting technological innovations such as analytics and remote management systems in their operations for enhancing their service efficiency and for optimizing the cost of their operations. The adoption of analytics helps in predicting component failures. It also helps the buyers in avoiding breakdown of equipment by employing proactive preventive maintenance activities.

Increasing consolidation in global oxygen market:

Top suppliers in the global oxygen market are increasingly resorting to inorganic growth by undergoing M&A activities. This helps suppliers to proliferate by increasing their geographical presence and the scope of service portfolio. The increase in consolidation also helps in reducing the cost of operation for top suppliers through economies of scale and volume advantages. However, tempering of competition in the market through M&A activities reduces the bargaining power of buyers, resulting in less favorable prices and contract structure.

Increased adoption of the joint venture as a preferred method for procurement of oxygen:

There is an increase in adoption of joint ventures by the buyers of oxygen across the globe. Joint ventures have a higher preference in this market space as it reduces the overall cost of procurement. The formation of joint ventures helps the buyers in enhancing their relationship with suppliers. It also enables the buyers to share their operational data and use the expertise of suppliers to improve yield and quality of their manufacturing process.

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SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.


Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
hello@spendedge.com

Apollo Endosurgery Announces MFDS Approval for the ORBERA® Intragastric Balloon System in South Korea, a Non-Surgical Solution to Assist Patients with Weight Loss

AUSTIN, Texas--(BUSINESS WIRE)--Apollo Endosurgery, Inc. (“Apollo”) (Nasdaq:APEN), a global leader in less invasive medical devices for bariatric and gastrointestinal procedures, today announced the South Korean Ministry of Food and Drug Safety’s (MFDS) approval of the ORBERA® Intragastric Balloon System, the #1 intragastric balloon in the world, to assist adult patients who are overweight – with a body mass index (BMI) greater than 27 - in losing and maintaining weight.


The ORBERA balloon is part of a comprehensive, non-surgical two-part program. The ORBERA System includes a silicone balloon that is filled with saline after endoscopic placement into a patient's stomach. Once in the patient's stomach, the balloon serves to reduce stomach capacity, causing patients to consume less food following the procedure, and delay gastric emptying, the primary mechanisms of action in assisting the patient in losing weight.

Studies have shown that Asians are more vulnerable to obesity complications including type 2 diabetes, dyslipidemia and hypertension. As a result, the Asia Pacific regional guidelines of the WHO and International Obesity Task Force define obesity as BMI ≥ 25.0 [kg/m2]. Data published in 2017 from the National Health Insurance System of South Korea (NHIS) reported that more than 30% of adults in South Korea were considered moderately obese or severely obese (BMI ≥ 25.0 kg/m2). NHIS insures approximately 97% of the population in South Korea.

Shin Han Systek Co. Ltd. is the exclusive distributor for ORBERA in South Korea.

Introducing ORBERA

ORBERA is an incision-less, non-surgical weight loss solution designed for adult patients who are overweight or obese, who are not appropriate for or considering invasive surgery, but for whom diet and exercise or pharmaceutical interventions have not worked.

In a non-surgical (endoscopic) procedure, the thin and deflated ORBERA balloon is placed into the stomach. It is then filled with saline until it’s about the size of a grapefruit. The procedure typically takes about 20 minutes and the patient can generally go home the same day. At six months, through another non-surgical procedure, the ORBERA balloon is deflated and then removed.

Once the balloon is in place, the patient works with their physician and their staff in a formal lifestyle modification program to meet their long-term weight loss goals. Coaching takes place over 12 months, even though the balloon is removed after six months. The program is designed to help the patient develop sustainable, healthy habits that will help keep weight off over time.

For more than 20 years, the global medical community has been using intragastric balloons from the makers of ORBERA to help thousands of people lose weight. More than 277,000 ORBERA balloons have been distributed worldwide in over 70 countries.

For additional information regarding ORBERA please visit www.orbera.com and for full safety information please visit http://apolloendo.com/patient-labeling-and-dfus/#

About Apollo Endosurgery, Inc.

Apollo Endosurgery, Inc. is a medical device company focused on less invasive therapies for the treatment of obesity, a condition facing over 600 million people globally, as well as other gastrointestinal disorders. Apollo’s device based therapies are an alternative to invasive surgical procedures, thus lowering complication rates and reducing total healthcare costs. Apollo's products are offered in over 70 countries today.

Apollo’s common stock is traded on Nasdaq Global Market under the symbol "APEN." For more information regarding Apollo Endosurgery, go to: www.apolloendo.com.

© 2018 Apollo Endosurgery, Inc. All rights reserved. Any third-party trademarks used herein are the property of their respective owners.

Cautionary Note on Forward-Looking Statements

Certain statements in this press release are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: price levels for established and innovative medical devices compared to the costs of procedures utilizing our products; developments in medical technology; regulatory approvals; reimbursement decisions by private or government payers or other government actions; physician adoption and recommendations of procedures utilizing our products; misuse or off label use of our products by physicians and other factors detailed from time to time in the reports Apollo files with the Securities and Exchange Commission, or SEC, including its Form 10-K for the year ended December 31, 2016 and its Form 10-Q for the three months ended September 30, 2017. Copies of reports filed with the SEC are posted on Apollo’s website and are available from Apollo without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, Apollo disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.


Contacts

Apollo Endosurgery, Inc.
Media Contact:
Jen Cook, +1-512-279-5158
Marketing Communication Director
jen.cook@apolloendo.com
or
Investor Contacts:
Stefanie Cavanaugh, +1-512-279-5100
Chief Financial Officer
investor-relations@apolloendo.com
or
The Ruth Group
Lee Roth, +1-646-536-7000
apolloendo@theruthgroup.com
or
Shin Han Systek Co., Ltd.
Daniel In Mo Chung
New Products & Business Development President
4F, DongHeung Bldg, 646, Yeongdong-daero
Samseong-dong, Gangnam-gu, Seoul, Korea
Tel: +82-2-556-4031 / 517-4031
danielchung@shinhansystek.co.kr
pace@nuri.net

Washoku World Challenge Executive Committee: David Israelow from the United States Won the 1st Place in Washoku World Challenge The 5th Competition

Six contestants from the world competed for their highly skilled Japanese cooking

TOKYO--(BUSINESS WIRE)--Washoku World Challenge Executive Committee, runs the Washoku World Challenge, a cooking contest in which Japanese cuisine chefs from around the world compete in technical expertise and passion for Japanese food, organized by the Ministry of Agriculture, Forestry and Fisheries of Japan. On Feb. 13th-14th, 2018, six finalists from 5 countries and regions gathered for the final tournament held in Tokyo, and David Israelow (private chef) from the United States won 1st Place. The second place was a tie between two contestants, Christopher Brian Massad (Tankuma Kitamise) from the United States and Daniele Codini (The Ned London) from Italy.



The theme of the Competition this year was UMAMI, which contestants sent their two original recipes (Suimono and Fuchidaka Mori) reflecting it for the application screening. Approximately 100 contestants from 23 countries and regions had applied for the competition and 43 advanced to the qualifying tournaments. The Qualifying tournaments was held in six cities (London, New York, Los Angeles, Bangkok, Hong Kong, and Tokyo) for the first time in the Competition's history. At the qualifying tournaments, they were judged strictly on their basic knife skills using Daikon (Japanese radish) and making Suimono using dashi.

On day one of the final tournament, the screening was done by making New Year's Nimonowan, using same ingredients and preparation for their Fuchidaka Mori dish. On day two, contestants completed five Fuchidaka Mori dish cooking in a limited time.

The winner, David Israelow was selected for his sophisticated work reflecting traditional style and menu. He was also good at choosing ingredients using his knowledge. For example, the spinach he chose was one of a special type that is available only in winter season. These aspects surprised the Head Judge of the Competition and all the judges were very much impressed by the high-quality workmanship of every contestants.

FINALISTS
Tokyo winner (Uniform Number 1)
Christopher Brian Massad (Tankuma Kitamise) from the United States
Hong Kong winner (Uniform Number 2)
Wai Leung Ronald Ho (Matsunichi) from Hong Kong
Bangkok winner (Uniform Number 3)
Jidtinan Yotapakdee (Nihon Tei Inter-Co.Ltd.) from Thailand
New York winner (Uniform Number 4)
David Israelow (Private chef) from the United States
London winner (Uniform Number 5)
Daniele Codini (The Ned London) from Italy
Los Angeles winner (Uniform Number 6)
Samuel Flores Garcia (Restaurante Suntory Lomas) from Mexico

JUDGES
Mr. Yoshihiro Murata (Head Judge, Owner & Chef of Kikunoi, Chairman of Japanese Culinary Academy)
Mr. Masahiro Nakata (Deputy Head Judge, Director of Taiwa Gakuen Education Inc., President of Kyoto Culinary Art College)
Mr. Kimio Nonaga (NIHONBASHI YUKARI)
Ms. Lucy Birmingham (Journalist, author, editor and former president of the Foreign Correspondents' Club of Japan)
Mr. Kazuhiro Shimane (Deputy Director/ Food Industry Affairs Bureau, Food Cultures and Market Development Division, Ministry of Agriculture, Forestry and Fisheries)

Official website: http://washoku-worldchallenge.jp/5th/en/
Official Facebook page: https://www.facebook.com/WashokuWorldChallenge/


Contacts

Washoku World Challenge Executive Committee
Anna Nakamura, +81-3-3464-8916
wwc@jtbcom.co.jp

SELFLLERY, The Photo-Sharing Social Platform That Rewards Users in Crypto, Raises Over $1 Million in a Successful Presale for its YOU Token

Blockchain-based photo-sharing platform SELFLLERY announced that it has raised over $1 million in a presale for whitelisted members, to bring users the reward they deserve for their snapshots

SINGAPORE--(BUSINESS WIRE)--#app--SELFLLERY (https://selfllery.com/) the photo-sharing platform that uses blockchain technology to reward its members for their contributions, closed its presale on January 20th, having successfully raised over $1 million. They have announced that the token sale will begin on March 5th, 2018.


SELFLLERY changes the game of social media monetization, taking the lengthy and complicated process of earning revenue from social media contributions and making it easy and user-friendly - even for those without any prior knowledge of blockchain. Every user who is active on SELFLLERY brings value to the platform, and is rewarded with SELFLLERY’s YOU token, which serves as the platform’s virtual economy. SELFLLERY’s Stock Photos feature enables users to get their reward immediately, using a monetization platform based on smart contracts. Users are then able to make purchases from the SELFLLERY marketplace, sell their photos as stock photos, donate to charity, and pool money for competitions and photo quests.

The platform also uses smart contracts to offer a gamified AdTech platform, which turns photo quests and photo contests into marketing tools. Brands and advertisers use the YOU token to place ads on the platform, and create smart contracts with bloggers or influencers to advertise on their profiles.

Members who signed up during SELFLLERY’s presale were eligible for a large token multiply factor, which will increase their rewards when the project goes live. SELFLLERY’s Token Generation Event (TGE) is scheduled to start on March 5th, 2018. 1 YOU is equivalent to 0.001 ETH. YOU Tokens can be purchased via Bitcoin or Ethereum. SELFLLERY has set a soft cap at 10,000 ETH and a hard cap at 55,000 ETH.

“We’re very happy to see SELFLLERY’s success, and to see our new members sharing in our excitement,” says Vadim Onishchenko, founder and CEO of SELFLLERY. “SELFLLERY’s mission is to share the profits from our social platform with the people who help develop it, rewarding their talents, their creativity and their efforts. Every social network makes money from user-generated content - we are giving it back.”

About SELFLLERY
Founded in 2016, SELFLLERY is a social platform that allows users to post photos and other visual content, and receive rewards in cryptocurrency for their contributions to the platform. SELFLLERY was founded by Vadim Onishchenko, a professional photographer with experience in over 200 successful for-profit and non-profit photo projects. SELFLLERY recently completed a successful presale, during which the company raised over $1 million.


Contacts

Company Media Contact:
Sharon Kaslassi, +972 54-484-1405
Blonde 2.0 for Selfllery
sharon@blonde20.com

FDA向 Banyan Biomarkers签发首款创伤性脑损伤诊断性血液检测的上市许可

Banyan BTI是首款辅助评估疑似TBI(又称脑震荡)患者的体外诊断性血液检测 。

圣迭戈--(BUSINESS WIRE)--(美国商业资讯) -- 创伤性脑损伤(TBI)生物标记物开发的先驱Banyan Biomarkers, Inc.今天宣布,美国食品药品管理局(FDA)已核准 Banyan BTITM(脑创伤指数)的从头开始上市申请,BTI是一种体外诊断性血液检测,可辅助评估疑似TBI(又称脑震荡)患者。FDA遵守其应对脑损伤紧迫医疗需求的承诺,按突破性器械项目审理该检测,该项目旨在简化开发、加快创新性突破性技术的审理。Banyan BTI发现,脑损伤后,血液中很快出现2种脑特异性蛋白质生物标记物(泛素羧基末端水解酶-L1即UCH-L1,以及胶质细胞原纤维酸性蛋白即GFAP),为评估疑似轻度TBI患者提供了客观信息。该检测旨在确认头部创伤患者能否免除CT扫描,以避免脑部接受不必要的辐射、降低医护成本。

Banyan Biomarkers董事长兼首席执行官Henry L. Nordhoff表示:“通过广泛的临床研究和科学验证,Banyan BTI显示,这2种特异性蛋白质生物标记物在脑损伤后由脑部释放,并在血液中循环,为医疗保健提供者在评估创伤性脑损伤患者时提供客观数据。首款获得FDA核准的TBI血液检测,是转变脑损伤处治方式的重大里程碑。我们很荣幸获得我们的合作伙伴美国国防部和美国陆军医学研究及材料司令部的支持,来研发一款诊断性检测,该检测现在可为医生提供客观的可量化信息,以杜绝不必要的CT扫描,并指导患者医护。”

TBI的常见原因有车祸、跌倒、运动相关损伤、殴打、部队中的简易爆炸装置(IED)和战伤。据美国疾病控制中心估计,美国每年头部损伤所致的急诊超过250万例,TBI每年对医疗保健系统造成的经济负担超过76亿美元1。创伤性脑损伤是主要的残疾原因,也是年轻成人排行第一的死因2

美国陆军医学材料开发活动的神经创伤及心理健康项目管理处的项目经理Kara Schmid中校表示:“创伤性脑损伤的影响在部队每个分支和整个国防部都能感受到,甚至被认为是近期冲突所致的‘标志性创伤’。十年来,寻找轻度TBI诊断和评估的解决方案一直是头等大事。首个获得FDA核准的客观的基于血液的轻度TBI生物标记物,是TBI领域的巨大成功。该检测将为我们评估和照料我们的TBI军人提供有意义的功能。”

目前,CT扫描常规用于辅助医生评估TBI。但CT扫描的使用具有高度可变性,尤其是对于症状轻微的重大创伤。由于缺乏经过核准的生物标记物来指导决策,医生默认进行CT扫描。去急诊就医的轻度TBI或脑震荡患者中,90%以上CT扫描结果为阴性。

西奈山Icahn医学院急诊科主任、教授Andy Jagoda, MD表示:“脑生物标记物将改变轻度TBI急诊医护的实践,并将造福大量患者。其影响是通过降低患者辐射暴露、提高急诊室效率来改善医疗。”

FDA核准Banyan BTI的从头开始上市申请同时开创了此类器械的分类法规,允许该项诊断性检测用作确诊器械。FDA的核准依据是一项前瞻性多中心枢纽性研究。该研究名为ALERT-TBI,入组了美国及欧盟24家独立临床单位的2,011例患者,将检测结果与急诊就医的疑似头部损伤患者的头部CT扫描进行比较。研究显示,Banyan BTI具有排除头部CT扫描必要性的高度敏感性和高度NPV(阴性预测值),为医疗保健提供者提供疑似TBI患者辅助评估的客观数据。公司正在开展进一步研究,以确定这些生物标记物能否用于监护损伤后康复以及其他脑退行性病变。

Banyan BTITM的开发得到美国陆军医学研究及材料司令部的支持,合同编号W81XWH-10-C-0251。本新闻稿包含的观点、意见、结论和/或结果属于Banyan Biomarkers, Inc.,不应被解读为陆军部的官方立场、政策或决定,除非有其他记载指明如此。

1 CDC https://www.cdc.gov/traumaticbraininjury/severe.html
2 CDC www.cdc.gov/traumaticbraininjury/get_the_facts.html

关于Banyan Biomarkers

Banyan Biomarkers, Inc.开发的 Banyan BTI™是首款能用于医生客观辅助评估疑似创伤性脑损伤(TBI,又称脑震荡)的血液检测。Banyan BTI包括2个试剂盒(Banyan UCH-L1®试剂盒和Banyan GFAP®试剂盒),可测定脑损伤后血液中很快出现的2种特异性蛋白质生物标记物。欲了解有关该公司及Banyan BTI的进一步信息,请访问www.banyanbio.com

Banyan Biomarkers、Banyan、Brain Trauma Indicator、BTI、Banyan UCH-L1、Banyan GFAP、脑和树标识是Banyan Biomarkers, Inc.的商标和版权。

免责声明:本公告之原文版本乃官方授权版本。译文仅供方便了解之用,烦请参照原文,原文版本乃唯一具法律效力之版本。


Contacts

Banyan Biomarkers, Inc.
Tony Grover
业务开发副总裁
tgrover@banyanbio.com
+1 (760) 710-0423

Little Dog Communications Inc.
Jessica Yingling博士
总裁
jessica@litldog.com
+1 (858) 344-8091

Gigaphoton Ships Latest ArF Excimer Laser GT65A

Improved downtime of lithography light sources by up to 50%, contributing significantly to increase the availability of lithography equipment
Responding to growing demand for semiconductors

OYAMA, Japan--(BUSINESS WIRE)--In January, Gigaphoton Inc. (Head office: Oyama City, Tochigi Prefecture. President & CEO: Katsumi Uranaka), a major manufacturer of lithography light sources, announced the shipment of an ArF Excimer Laser for advanced immersion exposure (lithography) devices, the “GT65A” Unit 1, as a new product that meets the growing demand for semiconductors in recent years. The new technology of the GT65A significantly contributes to the rise in productivity of lithography equipment by providing stable operation of the laser and improvement of process margins.


The GT65A will also deliver a 50% reduction in service downtime. This key feature is realized by increasing chamber lifetime by 30% as well as improving maintenance efficiency through the utilization of extensive service data expertise acquired through many years of successful service execution.
In addition, the stabilization technology “eMPL Solid” and the control function “hMPL,” which form the spectrum control function, enable the improvement of CD uniformity as well as expanding process latitude.
Furthermore, the GT65A has successfully eliminated the need to use helium gas. Due to this, we are able to contribute to enhancing customers' sustainability and CSR activities by not only reducing environmental impact, but also by greatly reducing risks associated with future helium gas supply deficits and price increases.
Katsumi Uranaka, President & CEO of Gigaphoton commented, “With the boom in recent years of the semiconductor market, improving the availability of lithography equipment is an important issue for each manufacturer. With the new technology in line with our new roadmap ‘RAM Enhancement,’ we have further strengthened and improved the Reliability, Availability and Maintainability of lithography light sources, contributing to the semiconductor manufacturing industry.”

Past news releases on the GT65A can be found here.
Past news releases on RAM Enhancement can be found here.
Past news releases on helium free can be found here.

About Gigaphoton
Since it was founded in 2000, Gigaphoton has delivered valuable solutions to semiconductor manufacturers throughout the world as a laser supplier. In every stage from R&D to manufacture, sales, and maintenance services, Gigaphoton is committed to providing world-class support delivered from the perspective of everyday users. For more information please visit www.gigaphoton.com


Contacts

Media contact:
Gigaphoton Inc
Katsutomo Terashima, +81-285-37-6931
Corporate Planning Division
web_info@gigaphoton.com

Gigaphoton供给最新版ArF受激准分子激光器GT65A

最大可缩短50%的光刻光源中断时间
为提高光刻光源装置稼动率做出极大贡献
应对半导体需求的不断高涨

日本栃木县小山市--(BUSINESS WIRE)--(美国商业资讯)--半导体光刻光源的主要供应商Gigaphoton株式会社(母公司:栃木县小山市,董事长:浦中克己)发布公告称, 公司1月份已经向客户供给最新半导体产品以满足近年来不断高涨的需求,面向最先进的液浸式漏光(光刻)装置的ArF受激准分子激光器“GT65A”1号机。“GT65A”改善了激光器的稳定稼动性能及制程范围,为提高光刻装置的生产性能做出了极大贡献。


GT65A最多可缩短50%的中断时间,这一特征是通过将作为主要模块的腔体寿命延长30%,并以Gigaphoton迄今为止积累的经验和技术为基础,提高维修效率而实现的。

另外,具有光谱控制功能的稳定化技术“eMPL Solid”,以及控制功能“hMPL”提高了CD的均一性,并且优化程序,使扩展性成为可能。

同时,GT65A实现了不使用氦气的目标,这不仅减轻了环境负荷,而且大幅度降低了未来氦气供给不足以及价格飞涨的风险,为客户提高环境可持续发展及CRS活动做出了贡献。

Gigaphoton董事长浦中克己发表评论说,“近年来半导体市场发展良好,提高光刻装置的稼动率成为各厂家的重要课题。我们将沿着新技术路线图‘RAM Enhancement’,采用新技术,进一步强化并改善光刻光源的可靠性(Reliability)、稼动率(Availability)、维修效率(Maintainability),为半导体制造业做出贡献。”

有关GT65A的过往新闻,请点击这里。
有关RAM Enhancement的过往新闻,请点击这里。
有关无氦使用的过往新闻,请点击这里。

Gigaphoton公司简介

Gigaphoton公司成立于2000年,作为一家激光器的供应商,自成立以来一直为全球的半导体生产厂商提供有价值的解决方案。Gigaphoton时刻以客户为中心,从产品研发到生产、销售及维护,为用户提供业界最高水准的支持。更为详细的介绍请您访问:www.gigaphoton.com

免责声明:本公告之原文版本乃官方授权版本。译文仅供方便了解之用,烦请参照原文,原文版本乃唯一具法律效力之版本。


Contacts

新闻媒体专用联系窗口:
Gigaphoton株式会社
经营企划部
寺岛 克知
电话: +81-285-37-6931
邮箱: web_info@gigaphoton.com

Global Paper, Plastics, Rubber, Wood and Textile Manufacturing Market Briefing 2018 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Paper, Plastics, Rubber, Wood and Textile Manufacturing Market Global Briefing 2018" report has been added to ResearchAndMarkets.com's offering.


The Paper, Plastics, Rubber, Wood and Textile Manufacturing Market Global Briefing 2018 provides strategists, marketers and senior management with the critical information they need to assess the global paper, plastics, rubber, wood and textile manufacturing market.

Asia Pacific was the largest region in the paper, plastics, rubber, wood, furniture, textile and apparel manufacturing market in 2017, accounting for around 48% market share. The economic growth in the region gave a significant push to the manufacturing industries. Moreover, cheap labor and availability of raw materials made countries such as China, Japan and India global manufacturing hubs for industries such as textile and rubber products.

North America was the second largest region accounting for around 18% market share. This can be partially attributed to the demand for plastic products from pharmaceutical, FMCG, and construction industries. Africa was the smallest region accounting for around 4% market share.

Manufacturing in paper, plastic and rubber industries is getting faster and leaner with the adoption of sensor and wireless technologies. Sensors are generating insights for improving process efficiencies and reduce potential breakdowns. Wireless technology is aiding the implementation of sensor technology in manufacturing units. for instance, sensors are being used to detect miniature parts, semi-finished goods, and wear and tear of films.

Major companies offering sensor technology for plastics, textile and paper industries are SENSIT, Baumer and Hansford sensors.

Scope:

  • Markets Covered: Pulp, Paper, and Paperboard Mills, Leather, Apparel, Rubber and Plastics Manufacturing, Textile Furnishings, Fabric Mills
  • Time Series: Five years historic and forecast.
  • Data: Market value in $ billions.
  • Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

  • IKEA
  • Bridgestone
  • NIKE
  • H&M
  • Michelin Inc.
  • International Paper
  • Georgia-Pacific Corporation
  • Adidas
  • Good Year
  • Gap Inc

For more information about this report visit https://www.researchandmarkets.com/research/3l7tp3/global_paper?w=4.


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Pulp and Paper, Textiles

宝洁邀请全球奥运选手Justine & Chloe Dufour-Lapointe、关颖珊、Elana Meyers Taylor和Katarzyna Bachleda-Curuś共同探讨性别歧视问题

这一研讨会是对宝洁2018平昌冬奥会“Love Over Bias”活动的延续,同时彰显了公司将继续致力于维护性别平等的决心

韩国平昌--(BUSINESS WIRE)--(美国商业资讯)--作为2018平昌冬奥会的活动之一,全球奥运会合作伙伴宝洁(Procter & Gamble) (NYSE: PG)今日举办了一个有关性别平等的专题研讨会。作为“Love Over Bias”(获奖活动《Thank You, Mom》的最新续章)的一部分,数名荣誉满载的女奥运选手分享了其登上世界舞台的旅程。讨论内容包括她们的母亲所扮演的角色,来自于其他女性的帮助与支持以及她们对当前全球性别平等运动的期望,和该期望对未来女性运动员的影响。



奥运会奖牌得主、国际奥委会首位女副主席Anita DeFrantz致开幕词,她倡导性别公平不遗余力,讨论小组成员包括:

  • 关颖珊(Michelle Kwan) – 奥运会和世界锦标赛奖牌得主、最负盛名的美国花样滑冰选手,目前是滑冰运动和职业女性的全球倡导者。
  • Elana Meyers Taylor – 2012与2014冬奥会奖牌得主,也是首批参加混合四人雪橇项目的女运动员之一,打破了男性运动员独霸该项目的局面。
  • Katarzyna Bachleda-Curuś – 波兰速滑记录保持者,两次奥运会奖牌得主,同时也是有两个女儿的母亲。这是她第五次参加奥运会。
  • Justine & Chloe Dufour-Lapointe – 加拿大知名滑雪运动员,两人曾在2014年索契冬奥会获得奖牌,Justine在此次平昌冬奥会摘得银牌。

Elana Meyers Taylor表示,“对于女运动员来说,这是一个令人振奋的时代。全球文化的各个方面都发生了巨大的变化,包括政治、娱乐、商业,当然还有体育。我非常幸运能有一名女教练。她和我的母亲帮助我克服了女运动员参加混合雪橇项目中所遇到的各种障碍。我始终相信,假如我无法做到某件事,我母亲就会告诉我,她从未这么想过。所以我并没有对自己设限,而且我希望这种态度将激励其他女性来定义其自身的潜力。”

Justine Dufour-Lapointe表示,“今天,我十分荣幸与宝洁一道,支持Love Over Bias活动,并参与性别平等的讨论。如果没有其他女性的支持和指导,包括我姐妹和我那坚强、鼓舞人心的母亲,我就不会有今天的成绩。只要我们齐心协力,我们将帮助塑造女性运动员的未来。”

讨论还包括观看P&G Korea制作的短片《谢谢,妈妈》(Thank You, Mom)(讲述了知名速滑运动员Sangwha Lee的故事)以及宝洁知名影片《Love Over Bias》,影片讲述了一位母亲如何成为了自己孩子的首位支持者和最重要的支持者。这位母亲看到了孩子身上的潜力,而且没有理会其他人的看法。公司希望,这部影片能够激励民众公开地讨论歧视问题以及它对人类潜力的限制作用,让人们忽略那些让人产生分歧的事物、寻找能够让人们凝聚在一起的共同点,并意识到此举的必要性。

全球设计官Phil Duncan表示,“宝洁致力于为大家创造更美好的生活,并打造一个没有偏见,拥有平等代表权、平等话语权和平等机遇的世界。该宣传活动是全公司行动的一部分,旨在鼓励人们探讨包括歧视在内的重大问题。宝洁开展这项行动由来已久,其他活动包括Ariel Share the Load, Always Like a GirlSK-II Marriage Market TakeoverSecret’s Ladies’ Room Stress Test。”

敬请分享#LoveOverBias并登录www.LoveOverBias.com观看影片,并了解上述选手和其他运动员的更多信息。

关于宝洁奥运会计划:

宝洁在全球各地的品牌包括:好自在®(Always®)、吉列®(Gillette®)、潘婷®(Pantene®)、海飞丝®(Head & Shoulders®)、汰渍®(Tide®)、Bounty®和Downy®。这些品牌都将通过多个媒体渠道和店面举行奥运会特别活动。宝洁品牌致力于让母亲们在每天都拥有最美好的生活,这里不仅仅涵盖参加奥运会的妈妈,而是全天下所有的母亲。作为奥运会全球合作伙伴,包括汰渍、吉列和帮宝适在内的宝洁旗下品牌将与奥运选手合作,帮助他们迈向奥运之路,与此同时,宝洁还会颂扬那些为这些奥运选手的每个成长阶段提供大力支持的妈妈们。

关于宝洁

宝洁服务全球消费者。该公司拥有最强大的值得信赖的优质领先品牌组合之一,这些品牌包括:好自在®(Always®)、香必飘®(Ambi Pur®)、碧浪®(Ariel®)、Bounty®、Charmin®、佳洁士®(Crest®)、Dawn®、Downy®、Fairy®、纺必适®(Febreze®)、Gain®、吉列®(Gillette®)、海飞丝®(Head & Shoulders®)、兰诺®(Lenor®)、玉兰油®(Olay®)、欧乐-B®(Oral-B®)、帮宝适®(Pampers®)、潘婷®(Pantene®)、SK-II®、汰渍®(Tide®)、Vicks®和护舒宝®(Whisper®)。宝洁品牌在全球约70个国家设有业务部门。请访问http://www.pg.com 浏览有关宝洁及其品牌的最新新闻和信息。

免责声明:本公告之原文版本乃官方授权版本。译文仅供方便了解之用,烦请参照原文,原文版本乃唯一具法律效力之版本。


Contacts

宝洁
Ivanette Bonilla, 513–725–5131
E-mail: bonilla.i@pg.com

Entrust Datacard新一代再转印证卡打印机系列喜获蓝盾杯创新奖

明尼阿波利斯--(BUSINESS WIRE)--近日,安全证件和安全交易技术的领航企业Entrust Datacard公司宣布:Entrust Datacard最新一代再转印技术证卡打印机系列喜获由中国国际科技促进会证卡票签产业联盟颁发的2017“蓝盾杯”安全防伪技术创新奖。


“蓝盾杯”安全防伪技术评奖由和证卡票签安全技术高峰论坛组委会共同发起,是目前中国安全防伪领域的最高奖项。“蓝盾杯”评奖始终本着公平、公正、公开的原则,由蓝盾杯评奖委员会评奖委员按照程序进行,同时将进一步提升评选标准,严格审核,从严把关。自2010年启动以来,在业界已取得了广泛的影响力,参与企业逐年增加,成为证卡票签安全领域的重要活动。

此次获奖的新一代Entrust Datacard再转印系列证卡打印机采用先进的高清晰度、耐用性颜料(Pigment)打印技术,色彩亮丽、持久,清晰度高,尤其是高清图像、条形码、肤色色调表现力更为突出。多功能、模块化的写磁、凸字、凹印和智能卡功能亦使发卡方掌握更多的可选度和项目自主权。运用专利技术的智能耗材使耗材更换变得更加简单易行,轻松操作。更值得一提的是其具有3D效果的个性化印章触觉防伪特性,无论是在防伪覆膜上还是在卡片都可以实现更加便于识别的防伪特性,受到众多对个性化防伪有期待的使用者的一致好评。如此之多的功能特性集成到一台小小的桌面型打印机上,加之其卓越的成像清晰度、独特的防伪性能使该系列证卡打印机毋庸置疑地脱颖而出,成为行业界关注和推崇的亮点。据悉,该系列产品将被广泛应用于金融、企业、校园、社保、交通等政府民生行业,在确保项目安保性、可靠性和耐用性的基础之上为这些项目在带来更长的耐用年限,呈现更高精度图像表现能力。

Entrust Datacard亚太区区域副总裁Angus McDougall先生表示:“我们非常荣幸地获此殊荣,感谢广大用户给予我们的充分肯定和认可。我们很高兴地看到该系列技术与产品将为广大用户带来证卡高度定制化、更多灵活性和可靠性的自由空间,同时也成为整个行业标准的一个新标杆。我们也将在未来的技术研发与增进的道路上为中国的客户带来更多创新与体验。”

随着安全和犯罪威胁的不断发展,在高度互联和数字化的世界,如何有效管理安全证件正面临前所未有的挑战。消除身份证件伪造、篡改和冒名顶替的最佳实践应将物理安全元素与数字化安全特征相结合,形成互补的技术连体甲胄,加强“易验证同时难以复制”的安全性。Entrust Datacard新一代的再转印系列证卡打印机势必将在此行业做出突出的贡献。”

Entrust Datacard该系列证卡打印机适用于各种安全证件领域、民生用卡及银行卡的全面应用需求。该系列产品包括Entrust Datacard CR805、CR825、CE875即时发卡系统。

关于Entrust Datacard

消费者、公民和员工越来越希望在更多领域享受到无地域限制和时间限制的随心体验——无论是在购物、出入境、访问电子政务服务或登录到公司网络。Entrust Datacard为您提供值得信赖的身份认证和安全交易技术,使这些体验更加安全、可靠。我们的解决方案包括从金融卡、护照和身份证件的物理世界与数字证书、身份认证和安全通信的结合。Entrust Datacard在全球拥有2000多名员工,以及强大的全球合作伙伴网络,服务客户遍及150多个国家。更多详情,欢迎您登录www.entrustdatacard.com.cn或拨打热线电话400.820.6959.

免责声明:本公告之原文版本乃官方授权版本。译文仅供方便了解之用,烦请参照原文,原文版本乃唯一具法律效力之版本。


Contacts

Entrust Datacard
Heather Morris, +1 952-988-1745
heather.morris@entrustdatacard.com

Everise Holdings to Partner with Microsoft to Disrupt the Business Process Outsourcing Industry with AI Platform

Next generation AI platform for the contact center industry developed with Everise domain knowledge and powered by Microsoft’s intelligent cloud

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Everise Holdings (Everise) announced today that it will partner with Microsoft to develop and roll out an Artificial Intelligence (AI) platform to disrupt the Contact Center and Business Process Outsourcing (BPO) industry, leveraging Microsoft’s AI capabilities.


The omni-channel customer service solutions will target voice, video and text interactions, and deliver an unprecedented intelligent, customer-centric experience by leveraging the power of AI. By adding advanced AI tools and chatbots to existing capabilities such as speech recognition, sentiment analysis, and image recognition, Everise seeks to set a higher standard for a more personalized customer experience.

Everise operates a C3 Lab in Las Vegas within its operating unit, C3/CustomerContactChannels, with locations opening in Manila and Malaysia. C3 Labs has currently been incubating a variety of tools focused on the same mission of transforming the customer experience. Each of the C3 Labs will also marry Microsoft technologies with domain knowledge from C3’s customer innovations teams.

“Delivering an experience that matches the expectations of customers today is what our clients rely on us to do. This starts with arming the front-line agent, the Experience Champion, with the tools, skills, and intelligence they need to succeed,” said Sudhir Agarwal, CEO of Everise and C3. “Through this partnership with Microsoft, we insert Artificial Intelligence throughout various points in the service delivery process in ways that the BPO industry is not using the platform today. This could be as basic as automating data collection from a call to a chatbot providing insight on customer sentiment and emotion in real time. With that information and more, we will leverage technology to provide the best experience possible and empower Experience Champions with the tools to make FANS of our clients’ customers with each interaction.”

“As businesses reimagine how they can create value for their customers in today’s digital-first world, AI is rapidly becoming a key differentiator of the value chain, spanning from research & development to customer engagement,” said Ricky Kapur, General Manager, Enterprise and Partner Group, Microsoft Asia Pacific. “The partnership between Everise and Microsoft will allow both companies to better meet the unique technology challenges that the business process outsourcing industry faces. By combining Everise’s industry knowledge and Microsoft’s intelligent cloud and AI innovations, we will create new opportunities to empower the industry to deliver more personalized customer experiences for its customers.”

Valerie Beaulieu, General Manager Partner Group Microsoft Asia Pacific added, “With our partners, we seek to bring innovative solutions using our Azure platform to enhance business profitability. Our partnership with the leading ISV, Everise stems from this commitment, and we look forward to a long association.”

Everise will be developing this platform over the course of the next couple of months and will focus on tools that can resolve industry specific challenges. With the successful deployment of the AI platform for the BPO industry, the same platform will have the same potential to transform the applicant experience for global hiring needs.

Dropbox link to headshot and C3 lab images: https://www.dropbox.com/sh/ukx9ia3tkg4m3kv/AABU3_wqVgdaQfsmFInK4y4_a?dl=0

About Everise

Everise is a Singapore-based Company which is owned by Sunrise and Everstone. Everise’s vision is to create a USD 500 million Experience Company in the BPO Industry. In December of 2016, Everise acquired C3/CustomerContactChannels, a US-based BPO Company. The Everstone Group, co-owner of Everise, is a premier India and Southeast Asia focused private equity and real estate investment firm with assets under management of approximately US $4 billion. Sunrise BPO Pte. Ltd. is a Singapore-based Business Process management (“BPO”) company with the business mission to be the world’s foremost integrated customer service solution provider, focused on the Americas and the Far East markets.

About C3

C3 provides a full range of customer contact management services for corporate clients in healthcare, financial services, telecommunications, energy and utilities, media, travel, retail, logistics, hospitality, and government services industries, from both U.S. and international locations. C3 provides multi-lingual support to clients and has eight operating centres across the U.S., the Philippines and Latin America, with over 9,000 employees. With every client, customer, and employee experience, C3 maintains one simple goal, “We’ll make a fan out of you.” C3’s US headquarters is in Fort Lauderdale, Florida and global headquarters is in Singapore. Visit www.c3connect.com.


Contacts

For C3
Media inquiries:
Todd Templin/Sandra Reichman, 954-370-8999
ttemplin@boardroompr.com / sreichman@boardroompr.com