A step towards innovation – Alibaba Cloud Becomes Presenting Partner of the FIFA Club World Cup

GUANGZHOU, China--(BUSINESS WIRE)--Alibaba Group and FIFA announced today Alibaba Cloud – the cloud computing arm of Alibaba Group – as Presenting Partner of the FIFA Club World Cup until 2022. The announcement was made on the occasion of the Computing Conference held by Alibaba Group in Guangzhou.


Commenting on the agreement, FIFA’s Director Marketing Sales and Strategy, Iain Downie said: “We are aware of the substantial value that Alibaba Cloud provides to business in terms of technical support and global reaching services. We can only see great potential in this fresh collaboration related to the FIFA Club World Cup.”

Beginning at this year’s edition of the tournament, which will be hosted in the UAE from 6 to 16 December, as the Presenting Partner, Alibaba Cloud will design and provide the MVP (most valuable player) award. In additional celebration of the partnership, the FIFA Club World Cup Winner’s Trophy was exhibited during the announcement and at the Computing Conference.

The FIFA Club World Cup is a FIFA-organised international football tournament, featuring the current champion football clubs from each of the six football confederations, as well as the national league champion from the host country. In previous tournaments some of the biggest footballing stars in the world have participated, including global superstars such as Lionel Messi, Luis Suárez and Cristiano Ronaldo, who had all been named tournament best players in past editions of the tournament.

Simon Hu, Senior Vice President of Alibaba Group and President of Alibaba Cloud said: “As one of the world’s leading cloud computing providers, we are striving to make technology more inclusive to benefit more people’s day-to-day life and well-being. By becoming a major partner of the FIFA Club World Cup, we hope to show how our technology can bring new aspects of fun and enjoyment to fans of sports, including those people who might have had barriers to access or participate before. For Alibaba Cloud, this is the true meaning of inclusive technology.”

Alibaba Cloud’s powerful cloud computing infrastructure has proven its value proposition by supporting massive spikes in traffic and transactions during peak events such as Alibaba Group’s Global Shopping Festival. Within the sports industry, Alibaba Cloud works towards providing cloud computing infrastructure and cloud services to support operation efficiency in a secure manner, including by supporting big data analytics requirements.

About Alibaba Cloud

Established in 2009, Alibaba Cloud (www.alibabacloud.com), the cloud computing arm of Alibaba Group, is among the world’s top 3 IaaS providers according to Gartner, and the largest provider of public cloud services in China, according to IDC. Alibaba Cloud provides a comprehensive suite of cloud computing services to businesses worldwide, including merchants doing business on Alibaba Group marketplaces, start-ups, corporations and government organizations.


Contacts

Alibaba Group
Sindy Shi, +86 150 2192 5635
ruoyun.sry@alibaba-inc.com
or
Yinan Qian, +86 186 0004 0770
yinan.qyn@alibaba-inc.com

Residents of Timor-Leste’s Capital to Enjoy Complimentary Wi-Fi in Public Spaces via SES Networks

High-speed Wi-Fi connectivity will be delivered jointly by Timor Telecom and SES Networks

LUXEMBOURG--(BUSINESS WIRE)--Residents of Timor-Leste’s capital, Dili, will enjoy complimentary high-speed Wi-Fi connectivity in various public spaces across the capital, including the President Nicolau Lobato International Airport, Timor Plaza mall and Largo de Lecidere square, through a trial service delivered by Timor Telecom (TT), the largest telecommunications operator in the country. By using the connectivity enabled by SES Networks’ fibre-like connectivity, TT aims to ensure that everyone will have the right to broadband access and information.



SES announced that with the provision of enhanced Wi-Fi connectivity in Dili, TT and SES Networks will continue to empower local communities in Timor-Leste with access to faster mobile data and broadband connectivity, meeting the evolving and fast-growing connectivity needs of Timor-Leste residents.

Timor Telecom has been using SES Networks Medium Earth Orbit (MEO) services for the past few years for international connectivity. The low-latency and high throughput service has enabled Timor Telecom to launch 3G mobile followed by LTE mobile data service in the country. In addition, the SES Networks’ Customer Enablement team has been providing consulting services to TT on its Wi-Fi rollout.

Manuel Capitão Amaro, CEO at Timor Telecom said, “Through SES’s O3b MEO satellite fleet, we are delivering services that significantly enrich connectivity experiences throughout the country. In Dili, public spaces are an important intersection at which people from all walks of life gather and interact. We are glad to be able to deliver much needed quality Wi-Fi for these different communities.”

Imran Malik, Vice President, Fixed Data, Asia-Pacific at SES Networks said, “Connecting our customers and local communities is at the heart of what we do. We are proud to support Timor Telecom in its continuous elevation of its service offerings, bringing reliable, fibre-like connectivity to local residents and communities within the country. Through the low latency, high-speed connectivity enabled by our MEO satellite network, connectivity in public spaces throughout the capital will reach unprecedented levels of speed and reliability.”

Follow us on:

Social Media

Blog

Media Library

White Papers

About SES

SES is the world-leading satellite operator and the first to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 12 in Medium Earth Orbit (MEO). SES focuses on value-added, end-to-end solutions in two key business units: SES Video and SES Networks. The company provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions. SES’s portfolio includes ASTRA, O3b and MX1, a leading media service provider that offers a full suite of innovative digital video and media services. SES is listed on the Euronext Paris and Luxembourg Stock Exchange (ticker: SESG). Further information available at: www.ses.com


Contacts

For further information please contact:
SES
Markus Payer
Corporate Communications & PR
Tel. +352 710 725 500
Markus.Payer@ses.com

Commercial Bank of Ceylon Selects Integrated Digital Banking from Fiserv to Enable Business Agility, Enhance Customer Engagement

Bank will be the first in Sri Lanka to offer integrated digital banking experience across smartphones, tablets and desktops

SINGAPORE & BROOKFIELD, Wis.--(BUSINESS WIRE)--Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Commercial Bank of Ceylon (COMBANK), Sri Lanka’s most awarded bank, will replace its current digital platform with an integrated digital banking solution from Fiserv to speed the delivery of new capabilities that meet the needs of retail and corporate customers.


The bank will implement DigitalAccess from Fiserv, a readily deployable solution that provides a rich digital banking experience across smartphones, tablets and desktops, making it the first bank in its market to offer fully integrated digital banking capabilities.

DigitalAccess will allow COMBANK to develop and deploy new banking capabilities and upgrades quickly and cost-effectively, improving speed to market while providing customers the flexibility and convenience they expect. The solution will also enable COMBANK to deliver digital banking services in local languages, Sinhala and Tamil for Sri Lanka, Bengali for Bangladesh, and Divehi for the Maldives, facilitating stronger customer engagement.

“Commercial Bank of Ceylon has utilized core banking technology from Fiserv for over two decades, and we knew we could turn to them as a reliable partner to help us enhance the digital banking experience we offer our customers,” said Mr. S Renganathan, Chief Operating Officer, Commercial Bank of Ceylon. “DigitalAccess will allow us to quickly deliver new features and functionality to our increasingly tech-savvy customers, in their respective languages, helping us connect and engage with them more effectively.”

DigitalAccess, which integrates with the bank’s core account processing platform, Signature® from Fiserv, enables digital onboarding to allow customers to open bank accounts and apply for credit cards, loans, and other banking products without having to visit a bank branch. Additional features include personal financial management tools, online mobile phone top-up capabilities, biometric authentication, actionable push notifications, and ATM and branch location searches.

“Consumer expectations of their financial services providers have never been higher, and this is increasingly true in mobile-first markets, where many consumers have leapfrogged over traditional financial service models to engage digitally,” said Marc Mathenz, senior vice president and managing director, Asia Pacific, Fiserv. "Commercial Bank of Ceylon is putting technology in place to allow them to update their digital banking services quickly, so they can be responsive to customer needs and stand out in a competitive market.”

Available to financial institutions outside the United States, DigitalAccess is designed to help meet the needs of new or growing financial institutions that require a solution with packaged and easy to deploy functionality. DigitalAccess offers the agility to meet fast-changing business and customer requirements, including the ability to scale as the business grows.

Fiserv solutions enable clients to achieve best-in-class results in 16 countries across Asia Pacific. Fiserv provides a range of solutions to clients, including some of the largest banks in Australia, Thailand, and Indonesia, through its more than 4,000 associates in the region and offices in Sydney and Singapore. Worldwide, Fiserv supports more than 12,000 clients in over 80 countries with more than 23,000 associates and moves more than $75 trillion each year on behalf of its clients.

In a world moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

Additional Resources:

DigitalAccess from Fiserv - http://fisv.co/digitalaccess

About Commercial Bank of Ceylon

Commercial Bank is the only Sri Lankan bank to be ranked among the Top 1000 banks of the world for seven years consecutively, and operates a network of 256 branches and 700 ATMs in Sri Lanka. The Bank has won more than 25 international and local awards in 2016 and 2017 and has over the years received multiple awards as Sri Lanka’s Best Bank, Best Trade Bank, Strongest Bank and Most Respected Bank from a number of local and international institutions and publications.

Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets, Myanmar, where it has a Representative Office in Yangon, the Maldives, where the Bank has a fully-fledged Tier I Bank with a stake of 55% and Italy, where the Bank operates its own money transfer service.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and deliver financial services experiences that are in step with the way people live and work today. For more than 30 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE® 500 and has been named among the FORTUNE Magazine World's Most Admired Companies® for four consecutive years, ranking first in its category for innovation in 2016 and 2017. For more information, visit fiserv.com.

FISV-G


Contacts

Media Relations:
Ann Cave
Director, Public Relations
Fiserv, Inc.
+1 678-325-9435
ann.cave@fiserv.com
or
Additional Contact:
Brian Witte
Director
Ruder Finn Asia for Fiserv
+65 9017-1936
witteb@RuderFinnAsia.com

Cybertrust Japan Selects CryptoManager IoT Security Service from Rambus

Security as a service provides enhanced protection for new IoT platform

SUNNYVALE, Calif. & TOKYO--(BUSINESS WIRE)--#CyberSecurity--Rambus Inc. (NASDAQ: RMBS) today announced that Cybertrust Japan Co., Ltd, a subsidiary of SoftBank Technology Corp. (JPX First Section: 4726), has selected the Rambus CryptoManager IoT Security Service for their Cybertrust Secure IoT Platform®, a comprehensive IoT platform-as-a-service. As a leading provider of Public Key Infrastructure (PKI) solutions, Cybertrust will combine the services to provide an easy-to-use, multi-platform solution that covers all aspects of secure IoT device connectivity and lifecycle management.


“As the number of connected devices grows at an unprecedented rate, so too does the risk of these devices being compromised by advanced cyber criminals,” said Bret Sewell, senior vice president and general manager of the Rambus Security division. “The Rambus CryptoManager IoT Security Service minimizes this risk by establishing a secure connection out-of-the-box and managing the security lifecycle of IoT devices. We are delighted to bring this approach and functionality to the Cybertrust Secure IoT Platform and look forward to advancing the security behind IoT devices with Cybertrust as a leading customer.”

“An end-to-end scalable security solution is quickly becoming a critical requirement for the IoT market,” said Yasutoshi Magara, executive vice president, Cybertrust Japan. “By integrating the Rambus CryptoManager IoT Security Service into our Secure IoT Platform, we can provide seamless security throughout the lifecycle of IoT devices and fulfill our company’s mission to provide a highly trusted and valued security solution to our global partners and customers.”

The Rambus CryptoManager IoT Security Service delivers IoT service providers and OEMs secure connectivity of IoT devices by supporting a variety of cloud solutions and client hardware architectures. The service leverages cryptographic information – device ID, keys, personalization information and more – stored in SoCs at the time of manufacture, and is pre-integrated with leading IoT chipset and PaaS providers to create an out-of-the-box secure connection to IoT endpoints. When a supported device is first powered up and connected to the Internet, it is automatically identified and authenticated by the solution. This simplifies implementation and improves solution time to market while maintaining security needs and mitigating DDoS attacks.

For more information on the CryptoManager Trusted Services, visit http://www.rambus.com/trustedservices.

Follow Rambus:
Company website: rambus.com
Rambus blog: rambus.com/blog/
Twitter: @rambusinc
LinkedIn: www.linkedin.com/company/rambus
Facebook: www.facebook.com/RambusInc

About Cybertrust Japan Co., Ltd

On October 2017, Cybertrust (former) and MIRACLE LINUX CORPORATION merged to form a new company named as Cybertrust Japan Co., Ltd. The 2 companies combine Cybertrust’s (former) digital authentication and MIRACLE LINUX’s Linux embedding technologies to become the pioneering company which provides highly specialized and value-added service(s) for the IoT market.

About Rambus Security

Rambus Security is dedicated to providing a secure foundation for a connected world. Our innovative solutions span areas including tamper resistance, network security, mobile payment, smart ticketing and trusted transaction services. Rambus foundational technologies protect nearly nine billion licensed products annually, providing secure access to data and creating an economy of digital trust between our customers and their customer base. Additional information is available at rambus.com/security.

About Rambus Inc.

Rambus creates innovative hardware and software technologies, driving advancements from the data center to the mobile edge. Our chips, customizable IP cores, architecture licenses, tools, software, services, training and innovations improve the competitive advantage of our customers. We collaborate with the industry, partnering with leading ASIC and SoC designers, foundries, IP developers, EDA companies and validation labs. Our products are integrated into tens of billions of devices and systems, powering and securing diverse applications, including Big Data, Internet of Things (IoT), mobile payments, and smart ticketing. For more information, visit rambus.com.

Source: Rambus Inc.


Contacts

SHIFT Communications for Rambus
Leslie Clavin, 415-591-8440
lclavin@shiftcomm.com
or
Rambus Corporate Communications
Cori Pasinetti, 408-462-8306
cpasinetti@rambus.com

Yamaha and Vietnam’s Ministry of Education and Training Concluded a MOU Regarding Instrumental Music Education

HANOI, Vietnam--(BUSINESS WIRE)--Yamaha Corporation and Yamaha Music Vietnam Co. Ltd. signed a memorandum of understanding (MOU) regarding promoting instrumental music education more widely in Vietnam on October 13, 2017 with the Ministry of Education and Training (MOET) of the Socialist Republic of Vietnam (hereinafter, Vietnam). The MOU was signed at the Vietnam MOET in Hanoi in the presence of representatives of Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) and the Embassy of Japan in Vietnam. The signing ceremony also included a recorder performance by local Vietnamese primary school students to celebrate the conclusion of this MOU.



Yamaha, as a comprehensive manufacturer of musical instruments, has been spreading the merits of learning music through playing instruments to many schools in various countries and regions. Building on this experience, Yamaha began to provide support for the introduction of instrumental music education in January 2016, with an eye to the revisions in Vietnam’s “Course of Study” that are scheduled in 2019. Thus far, Yamaha has formed music clubs, on a trial basis, for enjoying music and performing on recorders, pianicas, and other instruments in 25 primary and secondary schools in Vietnam. Yamaha is also not only providing musical instruments and course materials but also conducts music teacher training programs in Vietnam. In addition, with the collaboration of other parties, including Yokohama National University and KYOIKU GEIJUTSU SHA CO., LTD. (one of Japan’s music textbook publishers), Yamaha is promoting the training of instructors and revision of textbooks. These initiatives in Vietnam were selected as an officially recognized project of EDU-Port Japan, which is a public-private initiative that is being conducted by MEXT to disseminate Japanese-style education overseas. (https://www.yamaha.com/en/news_release/2016/16121901/)

The recently concluded MOU will facilitate Yamaha’s implementation of these activities that it has conducted thus far. Yamaha aims to introduce instrumental music education into the revised “Course of Study”, and to proceed with creating model examples to place these initiatives on a firm footing for further development. Specifically, with the recognition and approval of MOET, the MOU will make it possible for Yamaha Corporation and Yamaha Music Vietnam to form music clubs making use of recorders and pianicas in 245 primary schools in 10 cities nationwide in Vietnam over the approximately three-year period from October 2017 to September 2020. Over this period, Yamaha is planning to provide recorders and pianicas to the primary schools as well as hold seminars for instructors and sponsor music festivals.

Following the recent signing of this MOU, Yamaha Corporation and Yamaha Music Vietnam will implement even stronger initiatives to place the introduction and spread of instrumental music education in Vietnam on a sound footing. Through these activities, we are committed to creating excitement and cultural inspirations.

Comment by Nguyen Huu Do, Vice Minister of Education and Training
Yamaha Corporation and Yamaha Music Vietnam have promoted cooperation with Vietnam in the field of music education. I believe that this cooperative program will be implemented well, bringing benefits and greater efficiency to Vietnamese primary school students. I am looking forward to the further development of educational cooperation between Vietnam and Japan.

Comment by Maki Tsuchida, Deputy Director, Office for International Strategy Planning, International Affairs Division, Minister's Secretariat, MEXT
Japan’s relationships with Vietnam are becoming more and more important. This is evidenced by the conclusion of a MOU between Vietnam’s MOET and Japan’s MEXT in 2014, and, in 2016, a meeting attended by Prime Minister Phuc, Minister of Education and Training Nha and then Japanese Minister of Education Hase. This was followed by Prime Minister Phuc’s visit to Japan in June 2017 and the planned commemoration of the 45th anniversary of the establishment of diplomatic ties between Vietnam and Japan in 2018. Amid this chain of events, last year Japan’s MEXT, its Ministry of Foreign Affairs, and other related parties began the EDU-Port Japan initiative, which is a joint public and private movement to create a framework for moving forward with cooperation in the education field with both countries on an equal footing. At this very time also, Vietnam is revising its “Course of Study”. Japan wishes to give the fullest support it can to these initiatives, while Yamaha, working in collaboration with Yokohama National University, is endeavoring to transfer its know-how in Japan’s instrumental music education. MEXT has given official recognition to the project. As a result of the recent MOU, Japan is looking forward to the stepping up of the recorder and pianica music club activities that Yamaha has been promoting on a nationwide scale in Vietnam.

Comment by Makoto Tani, General Director, Yamaha Music Vietnam Co. Ltd.
Yamaha’s corporate slogan is “Sharing Passion and Performance”. We provide quality instruments to musicians. If there were no musicians or educators, we could not exist. In November 2015, I met Vietnamese music teachers playing recorders passionately. That passion was shared with many students, parents, and the community, and it has helped bring us here to where we are today. With everyone’s passion here today I believe in the success of the program, and think more and more people will enjoy music and enrich their lives, just like the students who are sharing the joys of musical performance here today.


Contacts

For inquiries (only in English or Japanese)
Yamaha Corporation
Kenji Arakawa, +81 3 5488 6601 (Japanese correspondence only)
Public Relations Group
Corporate Communication Division
Contact Form: https://inquiry.yamaha.com/contact/?act=55&lcl=en_WW
FAX: +81 3 5488 5060
Web: www.yamaha.com

2017 World Longboard Championships to Kick off in Taitung (Taiwan)

TAITUNG, Taiwan--(BUSINESS WIRE)--The world-class World Surf League's World Longboard Championships for 2017 is scheduled to kick off in southeastern Taiwan, or more specifically, Taitung County in late November, which serves as one of the tournament tour destinations as part the World Surf League (WSL).

This WSL competition, which was upgraded from the existing Taiwan Open of Surfing, will be held in the Jinzun Harbor, Taitung County from November 23rd to December 3rd.

This 11-day event will also host a Qualifying Series (QS) 1,500 event. It is set to be the deciding factor in deciding the 2017 regional QS rankings, as it is the last event of in the Australasia and Asia regions for 2017.

Taitung has emerged as a popular surfing destination due to its pristine beaches and magnificent waves brought by the winter northeast monsoon winds. Coupled with its natural beauty, authentic culture, and most importantly, the warmth and generosity of its people, thousands of local and foreign surfing enthusiasts are expected to descend upon Jinzun to witness the event.

“The event pushes Taiwan's international surfing brand to a new level, predicting that having the world championships in Taitung will help boost the development of industries related to surfing in the county,” says Taitung County Magistrate, Justin Huang.

For more information please visit the official Facebook page of Taiwan Open of Surfing.



Contacts

Taitung County Government
International Development and Planning Department
Journalism and Communication Section
Arissa Wang (王中婷)
Tel:+886-89-322390
Fax:+886-89-311179
arissa0914@gmail.com

Velodyne LiDAR Partners with UMS for Autonomous Vehicle Testing in South Korea

UMS leverages a range of Velodyne’s advanced LiDAR sensors for broad autonomous technology development in a diverse range of platforms

SAN JOSE, Calif.--(BUSINESS WIRE)--Velodyne LiDAR Inc., the world leader in 3D vision systems for autonomous vehicles, today announced that it is partnering with Unmanned Solution (UMS) of South Korea to integrate its advanced LiDAR sensors into UMS’ expansive autonomous technology development program.



UMS’ autonomous program represents a broad spectrum of activities, including on-road vehicles, agricultural equipment, robots, and autonomous systems integration, as well as the development of an instructional platform for educational programs serving students studying autonomous and robotics technology. The company has deployed over 100 autonomous vehicles in South Korea thus far with more planned, all outfitted with varying combinations of Velodyne’s VLP-16, HDL-32, and HDL-64 LiDAR sensors. With its growing test fleet, UMS is working to develop car control and sensor fusion technologies for safety systems and autonomous vehicles that will usher in new levels of road safety.

“With its focus on the proliferation of autonomous technology across work and everyday life, including educational platforms that train tomorrow’s engineers, UMS is helping to bring about a revolution in how people interact with technology,” said Wei Weng, Asia Regional Director, Velodyne LiDAR. “We’re proud to have Velodyne LiDAR sensors as the eyes of UMS’ development program, giving their platforms the 360-degree view needed for safe and reliable operation.”

“Velodyne is a global leader in perception system technology, providing autonomous testing programs like those from UMS with critical data needed for safe and reliable real-world testing and deployment,” said Moon HeeChang, CEO, UMS. “LiDAR sensors from Velodyne have helped UMS create an incredibly diverse autonomous technology program and we look forward to continued expansion.”

About Velodyne LiDAR

Founded in 1983 and headquartered in Silicon Valley, Velodyne is a technology company known worldwide for its real-time 3D LiDAR computing and software platforms. The company evolved after founder/inventor David Hall developed the HDL-64 Solid-State Hybrid LiDAR sensor in 2005. Since then, Velodyne LiDAR Inc. emerged as the unmatched market leader of real-time 3D vision systems used in a variety of commercial applications including autonomous vehicles, vehicle safety systems, mobile mapping, aerial mapping, and security. Its products range from the high-performance, surround view Ultra-Puck™ VLP-32, classic HDL-32/64 and cost-effective VLP-16, to the upcoming, hidden Velarray™. Velodyne’s rich suite of perception software and algorithms are the key enablers of its perception systems. Velodyne supports customers from offices in San Jose, Detroit, Frankfurt, and Beijing. For more information, visit http://www.velodynelidar.com.


Contacts

Velodyne LiDAR
Andrew Hussey, 408-966-5078
Communications Director
ahussey@velodyne.com

Divergent 3D Announces Series B and Related Funding

New investment will accelerate Divergent’s efforts to globally commercialize its additive manufacturing-enabled technology

LOS ANGELES & HONG KONG--(BUSINESS WIRE)--Divergent 3D, a technology development and licensing company that is creating a sustainable manufacturing revolution in the car industry, announces a Series B financing scheduled for close on or before December 15, 2017. The Series B close is $65+million with an additional investor option of $40 million to further accelerate revenue growth, bringing the aggregate funding, with option, to $107 million. Hong Kong-based investment holding company, O Luxe Holdings Limited (“O Luxe”), led the investment group, which includes Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies.


Launched in 2014 by Founder & CEO Kevin Czinger, Divergent’s patented, end-to-end software-hardware solution incorporates 3D metal printing into the design, engineering and manufacturing of advanced vehicle structures for the automotive and aerospace industries. Its proprietary Divergent Production System™ automates structural design and optimization for volume manufacturing of lightweight structures without upfront, capital-intensive factory and tooling investments.

“With the ability to quickly respond to market demands, the Divergent system allows automakers and technology companies to innovate at a much faster rate—scaling up volume production at only a fraction of the cost while also alleviating environmental damage,” explains Czinger. “As a leading investment holding company dedicated to advancing sustainable manufacturing and transportation, O Luxe aligns with Divergent’s mission and fully understands the importance of disruptive technologies to the automotive industry. We are thrilled to partner with a company that supports our growth and vision.”

Marking a major financial milestone, the Series B funding will accelerate the commercialization of Divergent’s technology and provide additional resources to proliferate the technology globally, especially in the rapidly expanding Chinese electric vehicle market. Through non-exclusive partnerships with automakers and technology companies, Divergent will continue its strong momentum in leading the adoption of an economically and environmentally transformative manufacturing solution—building safer, stronger and more profitable eco-friendly vehicles at mass volumes.

In January 2016, Divergent announced the first close of its Series A financing and received a total of $23 million Series A funding. Since then, the technology development and licensing company has received global recognition for its manufacturing solution, and forged strategic partnerships with Altran, SLM Solutions and PSA Group (Peugeot, Citroen & DS).

About Divergent 3D

Divergent 3D harnesses the power of 3D printing to unleash innovation in automotive manufacturing. Its breakthrough technology platform transforms the economics and environmental impact of designing and manufacturing complex structures such as cars. Divergent’s planet-saving manufacturing approach enables both low and high volume manufacturing without costly, traditional tooling and capital expenses, enabling manufacturers to quickly iterate and invent new vehicle models for competitive advantage. As a technology company, Divergent partners with OEMs and innovative startups around the world to produce the next generation of vehicles. Divergent 3D was recently honored with the Petersen Automotive Museum Award for Leadership & Innovation. For more information, please visit www.divergent3d.com.

About O Luxe Holdings

O Luxe Holdings Limited is a Hong Kong-based investment holding company focused on developing technology-based companies that will accelerate the global adoption of electric vehicles and drive the world toward sustainable manufacturing and transportation. O Luxe company most recently acquired GLM Co., Ltd, a Japanese electric vehicles and engineering solutions company, and received a major investment from Mr. Li Ka-shing, a renowned Hong Kong entrepreneur, investor, and philanthropist. The Group is principally engaged in distribution of watches, wholesale trading of jewellery products, mining, money lending and securities investments.

About Horizons Ventures

Horizons Ventures, the private investment arm of Mr. Li Ka-shing, is a leading investor in some of the world’s most innovative companies and disruptive technologies, including Facebook, Spotify, Impossible Foods, Improbable, Zoom, Blockstream, Soul Machines and ChromaDex. For more information, please visit http://horizonsventures.com/

About SAIL

Shanghai Alliance Investment Limited is a private equity and venture capital arm of Shanghai Municipal Government. The firm invests in high-tech, media, entertainment, infrastructure, financial services, telecommunication, healthcare, life science, and emerging low-carbon sectors such as clean energy, new material and eco-environment protection. Shanghai Alliance Investment Ltd. was founded in 1994 and is based in Shanghai, China.

About Altran

As a global leader in Engineering and R&D services (ER&D), Altran offers its clients a new way to innovate by developing the products and services of tomorrow. Altran works alongside its clients on every link in the value chain of their project, from conception to industrialization. For over thirty years, the Group has provided its expertise to key players in the Aerospace, Automotive, Defense, Energy, Finance, Life Sciences, Railway, and Telecoms sectors, among others. With a headcount of more than 27,000 employees, Altran has a presence in more than 20 countries.


Contacts

Media
ID-PR
Lydia You, 323-822-4849
divergent@id-pr.com

Preceptis Medical Announces Series B Financing and Global Growth Strategy for China

MINNEAPOLIS--(BUSINESS WIRE)--Preceptis Medical, Inc., manufacturer of the Hummingbird TTS (Tympanostomy Tube System) technology that enables a conscious sedation alternative to general anesthesia for placing ear tubes in children, today announced the successful initial closing of a Series B financing led by a group of Chinese private investors. This Series B financing will allow Preceptis to expand its commercial infrastructure and develop future pipeline technologies. In addition, the new partners from China will assist Preceptis in accelerating global expansion by bringing its cutting edge technology to China. Mr. JC Sun served as the strategic advisor for the overall partnership and strategic planning.


Ear tube procedures are the most common pediatric procedure in the U.S. (1.2M cases per year) and are currently performed in children using general anesthesia — the only option until now. The Hummingbird TTS is the only product that has received FDA clearance for ear tube procedures using conscious sedation; giving anesthesiologists the ability to adjust the level of sedation needed for this quick, minor procedure. “The Hummingbird TTS has demonstrated its safety and efficacy in U.S. clinical trials and pilot commercial use. Parents and pediatricians have already shown that they will seek out otolaryngologists and hospitals that offer the Hummingbird TTS for ear tube procedures. The next step is a full commercial release in the US, followed by China and the rest of the world,” said Steve Anderson, CEO of Preceptis Medical, Inc.

About Preceptis Medical, Inc.

Preceptis Medical manufactures pediatric surgical technologies designed especially for the unique needs of children and the medical professionals that care for them. Its first product, the Hummingbird TTS, provides the first and only FDA cleared ear tube solution that doesn’t require general anesthesia in young children, reduces healthcare costs by enabling the procedure to be performed out of the O.R. and allows added convenience for families and their children. Annually, there are 1.2 million ear tube procedures in the U.S. in young children and millions of similar procedures worldwide.

For additional information, log onto https://www.facebook.com/preceptismedical or the Company's website, www.preceptismedical.com.


Contacts

Preceptis Medical, Inc.
Carla Dahl, 952-250-3275
carla@preceptismedical.com

Prime Announces Unwinding of Unprofitable Assets and Provides Financial Update for the First Nine Months of 2017

SHIJIAZHUANG, China--(BUSINESS WIRE)--Prime Acquisition Corp. (“Prime” or the “Company”) (OTCQB: Common Stock: “PACQF”, Units: “PAQUF”, Warrants: “PAQWF”), an owner and operator of office, commercial and industrial properties in Italy, today announced that it has successfully divested its NOVA S.r.l. subsidiary in a transaction with its former owners Francesco Rotondi and Giuseppe Pantaleo. NOVA S.r.l.’s sole asset is comprised of two floors of Corso Europa 22, an office building in central Milan. The subsidiary has been cash flow negative since its acquisition by Prime.

Pursuant to the terms of the agreement, Prime will return the equity interests in NOVA S.r.l. to Messrs. Rotondi and Pantaleo, its former owners, in exchange for the following:

1.     Return and cancellation of 53,828 Prime shares; and
2. Cancellation of the Option Agreement dated December 12, 2014.

The Company also provided a financial update on the nine months ended September 30, 2017.

Financial Highlights for the First Nine Months of 2017

  • Cash generated from operations was $1,917,167 for the nine months ended September 30, 2017, an approximately 95% improvement when compared to $984,760 for the nine months ended September 30, 2016.
  • The Company reported a loss of $750,624 for the nine months ended September 30, 2017, improving approximately 280% from a loss of $2.2 million for the nine months ended September 30, 2016.
  • The Company’s cash and cash equivalents were $188,257 at September 30, 2017, improving approximately 240% from $55,393 at December 31, 2016.

Management Commentary

Mr. William Yu, Chief Executive Officer and Director of Prime, stated, “During the first nine months of 2017, the Company continued to achieve year-over-year improvements in its financial results stemming from an internal reorganization and successful financing negotiations in early 2016. We are pleased to have come to terms with Messrs. Rotondi and Pantaleo, which will improve the Company’s ability to generate positive cash flow. We continue to explore opportunities to grow our asset portfolio and business, and look forward to seeking and evaluating potential accretive acquisitions.”

Operating Summary for Nine Months Ended September 30, 2017

Prime’s portfolio of properties includes office, logistics, commercial and industrial real estate assets located in Milan, Italy, and the surrounding areas. The Company maintained an average occupancy rate of above 95% for its 10 properties during the nine months ended September 30, 2017. With the closing of the aforementioned transaction on November 10, 2017, Prime’s portfolio of properties no longer includes Corso Europa 22.

Real Estate Portfolio Summary
      Property Name/Location     Type    

Approx. Gross
Leasable Area
(in sq. meters)

   

Purchase Price
on 9/30/2013
($ in millions)

    Tenant    

Average
Lease
Duration
(Years)

1    

Corso Europa 22, Milano
(sold November 10, 2017)

    Office     560     $8.57     Italian firms     10
2 Milanofiori, Building A5 Office 865 $3.13

Various int’l and
Italian firms

10
3 Milanofiori, Building Q7 Office 586 $1.27

Various int’l and
Italian firms

10
4 Milanofiori, Building N Office 1,750 $4.48

Various int’l and
Italian firms

10
5 Viale Lucania, Buccinasco Office, Industrial 16,230 $22.27

Microelettrica
Scientifica

18
6 Via Buozzi 22, Buccinasco Office 545 $1.85

Various int’l and
Italian firms

10
7 Via Lazio 95, Buccinasco Office, Warehouse 4,320 $5.01 Italian firms 10
8 Via Emilia, Buccinasco Commercial 200 $0.35

Italian commercial
co.

10
9 Via Mulino, Buccinasco Commercial 360 $1.37 Merkur 8
10 Milanofiori, Building Q5 Office 400 $1.26 Italian firms 10
25,816 $49.56

First Nine Months of 2017 Financial Summary

Below is a summary of Prime’s unaudited financial results for the nine months ended September 30, 2017.

Income Statement Highlights

       
         

Nine months ended
September 30, 2017
(unaudited)

   

Nine months ended
September 30, 2016
(unaudited)

Rental income         2,007,623     1,938,252
Total revenues       $ 2,317,501   $ 2,490,577
Total operating expenses         (1,756,418)     (1,800,095)
Operating profit         561,083     690,482
Loss before tax         (622,726)     (2,037,806)
Loss for the period       $ (750,624)   $ (2,151,958)

Rental income increased 3.6% to $2.0 million for the nine months ended September 30, 2017, compared to $1.9 million for the first nine months of 2016. Total revenues decreased by $173,076, which is attributable to a decrease in Other Revenues to $309,878 for the first nine months of 2017 from $552,325 in the prior-year period due to revenue received in 2016 in connection with the settlement of a legal claim with an unrelated third party.

Total operating expenses decreased 2.4% to $1.76 million for the nine months ended September 30, 2017, from $1.8 million for the first nine months of 2016, primarily due to reduced stock option expenses and professional fees.

For the nine months ended September 30, 2017, the Company reported a loss of $750,624, which compares to a loss of $2.2 million in the first nine months of 2016, largely due to a significant improvement in finance costs, which were $1.3 million in the first nine months of 2017, compared to $2.4 million in the prior-year period. The decrease in finance costs was primarily related to certain adjustments to the fair value adjustment on promissory notes to shareholders. These adjustments are non-cash in nature and resulted from a derivative component embedded in the promissory notes.

Balance Sheet Highlights

As of September 30, 2017, Prime had total non-current assets of $40.2 million; current trade and other receivables, net of allowance for bad debts, of $526,825, with non-current other receivables of $159,213; and cash and cash equivalents of $188,257, compared to $35.9 million, $756,940, $143,137, and $55,393, as of December 31, 2016, respectively.

About Prime Acquisition Corp.

Prime Acquisition Corp. is a Cayman Islands company that owns and operates office, commercial and industrial properties in Italy. Prime is focused on building a portfolio of high yield-producing assets.

Forward-looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Prime Acquisition Corp. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Prime’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to meaningfully differ from those set forth in the forward-looking statements:

• Continued compliance with government regulations;

• Changing legislation or regulatory environments;

• Requirements or changes affecting the businesses in which Prime is engaged;

• Industry trends, including factors affecting supply and demand;

• Labor and personnel relations;

• Credit risks affecting the combined business’ revenue and profitability;

• Changes in the Italian real estate industry;

• Changing interpretations of generally accepted accounting principles;

• General economic conditions; and

• Other relevant risks detailed in Prime’s filings with the Securities and Exchange Commission.

The information set forth herein should be read in light of such risks. Prime does not assume any obligation to update the information contained in this press release.


Contacts

Prime Acquisition Corp.
+39 02 89773668

Pakistan Telecoms Market Report 2017 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "Pakistan Telecoms Market Report 2017" report has been added to Research and Markets' offering.


This country report and accompanying data annex provide a comprehensive overview of Pakistan's telecoms market, including KPIs and data on subscribers, penetration, revenue and ARPU. The report analyses the strategies of major players in the country's fixed and mobile telecoms markets, and includes market share data and operators' infrastructure status.

Fixed telecoms market

Connections

  • Total voice (narrowband and VoBB)
  • Narrowband
  • VoBB
  • Total broadband
  • Broadband split by access technology: DSL, cable modem, FTTH/B, BFWA and other
  • IPTV
  • Dial-up Internet

Revenue and ARPU

  • Service revenue
  • Service revenue as percentage of GDP
  • Service revenue per head of population per month
  • Retail revenue (defined as service revenue minus wholesale revenue)
  • Retail revenue as percentage of GDP
  • Retail revenue per head of population per month
  • Retail revenue split by type of service: voice, broadband, dial-up Internet, business network services
  • Broadband retail revenue as a percentage of fixed retail revenue
  • Voice ARPU per month
  • Broadband ARPU per month

Traffic

  • Fixed-originated minutes
  • Outgoing MoU per active connection

Operator-level metrics/market share

  • Broadband subscribers by major broadband operator (and associated market shares and year-on-year changes)
  • DSL connections

Total telecoms market (fixed and mobile)

  • Voice connections
  • Broadband connections
  • Service revenue
  • Service revenue as percentage of GDP
  • Service revenue per head of population per month
  • Retail revenue (defined as service revenue minus wholesale revenue)
  • Retail revenue as percentage of GDP
  • Retail revenue per head of population per month
  • Retail revenue split by voice and data
  • Originated minutes

Mobile Telecoms Market

Connections

  • Total (handset plus mobile broadband, excluding M2M)
  • Split by prepaid and contract, and prepaid share
  • Population penetration for total, prepaid and contract
  • 3G
  • Handset, and split by smartphone and basic
  • Handset population penetration
  • Broadband
  • Broadband population penetration

Revenue and ARPU

  • Service revenue
  • Service revenue as percentage of GDP
  • Service revenue per head of population per month
  • Service revenue split by prepaid and contract, and prepaid share
  • Service revenue split by voice and data, and data as percentage of service revenue
  • Retail revenue (defined as service revenue minus wholesale revenue)
  • Retail revenue as percentage of GDP
  • Retail revenue per head of population per month
  • Split by voice and data
  • ARPU per month (total, prepaid and contract)

Traffic

  • Mobile-originated minutes
  • Outgoing MoU per active connection

Operator-level metrics/market share

  • Connections (and associated market share)

For more information about this report visit https://www.researchandmarkets.com/research/zw8kxg/pakistan_telecoms


Contacts

Research and Markets
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: Telecommunications and Networks

China Flexible Packaging Market Report 2017-2023 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "China Flexible Packaging Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2023" report has been added to Research and Markets' offering.


The report on China Flexible Packaging Market is a customer intelligence and competitive study of the China market.

Moreover, the report provides deep insights on demand forecasts, market trends, and, micro and macro indicators in China market. Also, factors that are driving are restraining the Flexible Packaging Market are highlighted in the study.

This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels.

Segments Covered

Segmentation based on Product Type:

  • Stand-up Pouches
  • Vacuum Pouches
  • Retort Pouches
  • Converted Roll Stock
  • Retort Pouches
  • Wicketed Bags
  • Laminated Tubes
  • Squeezable Bottles
  • Others

Segmentation based on Material Type:

  • Polypropylene (PP)
  • Biaxially-Oriented Polypropylene (BOPP)
  • Cast Polypropylene (CPP)
  • Biaxially-oriented polyethylene terephthalate (BOPET)
  • Polyamide (PA)
  • Poly Vinyl Chloride (PVC)
  • Ethylene Vinyl Alcohol (EVOH)
  • Poly Styrene
  • Paper
  • Aluminum

Segmentation based on Application:

  • Food & Beverages
  • Dairy
  • Bakery & Confectionery
  • Ready to Eat Food
  • Frozen & Chilled Food
  • Tea
  • Others

Companies Mentioned

  • Zengguangming Package Co Ltd
  • Dalian Takebishi Packing Industry Co. Ltd
  • Hainan Shiner Industrial Co. Ltd
  • Green Pack Group Co.
  • Limited
  • Guangzhou Mango Display Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/research/t3sltj/china_flexible


Contacts

Research and Markets
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: Packaging

China Global Investment Forum Hangzhou 2017 Opens

"Sharing the Opportunity of Hangzhou, Co-building a World-renowned City"

HANGZHOU, China--(BUSINESS WIRE)--On November 20, China Global Investment Forum Hangzhou 2017 opened. The forum was hosted by the Hangzhou Municipal People's Government and the Department of Commerce of Zhejiang Province, and organized by the Hangzhou Investment Promotion Bureau and Euromoney Institutional Investor PLC.


Themed "Sharing the Opportunity of Hangzhou, Co-building a World-renowned City", the event brought together nearly 1,000 renowned experts, scholars and entrepreneurs from home and abroad, to interpret Hangzhou's economy, explore Hangzhou's future industries, look into the investment trends of the world and Hangzhou, and offer advice on improving Hangzhou's level of opening to the outside world, promoting the development of Hangzhou's future industries and speeding up the globalization of Hangzhou.

The three-day forum includes the opening ceremony, the signing ceremony of major projects, interviews, discussions and speeches, one-on-one project matchmaking and negotiations, field surveys, etc. It attracted nearly 1,000 representatives from Fortune Global 500, renowned industrially leading enterprises, multinational companies, investment promotion agencies, foreign merchants, Zhejiang's enterprises, chambers of commerce of other cities in Hangzhou, Hangzhou's chambers of commerce in other cities, the government and departments of commerce.

In the opening day, provincial and municipal leaders including Liang Liming, Vice Governor of Zhejiang Province and Xu Liyi, Mayor of Hangzhou; John Orchar, Member of the Global Management Committee and Managing Director of Banking & Finance Group at Euromoney Institutional Investor PLC; and Andi Dervishi, Chief Investment Officer and Global Head of Fintech, ePayments and New Finance, International Finance Corporation (IFC) attended and addressed the forum. Then the signing ceremony of major foreign investment projects in Hangzhou, and "intelligent manufacturing" interviews were held successively.

The forum was highlighted by panel discussions. In the first panel discussion themed "Innovation-driven Development: Future Industries and Trends", the participants focused on innovation drive, the development of future industries and the development of financial technology changes, looking into the future of Hangzhou. Other panel discussions, including "Investment Innovation", "Building a Cultural and Creative Tourism City" and "Equity Investment and Overseas Financing" opened in succession.

Following the forum, invited experts, scholars and enterprise representatives will conduct a one-day field survey of Hangzhou's future industries and investment projects.


Contacts

Media
Hangzhou Municipal Government, China
Ms.Yao He Lin, +86.136.0053.6498
hztcj@hz.gov.cn
http://eng.hangzhou.gov.cn

India Frozen Food Market 2017-2023: Prospects Trends Analysis Market Size and Forecasts – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "India Frozen Food Market: Prospects Trends Analysis Market Size and Forecasts up to 2023" report has been added to Research and Markets' offering.


The report on India Frozen Food Market is a customer intelligence and competitive study of the India market.

Moreover, the report provides deep insights on demand forecasts, market trends, and, micro and macro indicators in India market. Also, factors that are driving are restraining the Frozen Food Market are highlighted in the study.

This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and detailed analysis of market segments to possible micro levels.

The companies featured in the India Frozen Food Market, include Agri Freeze Foods, Al Kabeer Group, Baby Marine Group, Cochin Frozen Food Exports Private Ltd, and Farm Suzanne Private Limited.

Segments Covered:

Segmentation based on Material Analysis:

- Frozen Fruits & Vegetables

- Frozen Potatoes

- Frozen Soup

- Frozen Meat

- Frozen Soup

- Frozen Ready Meal

- Others

Segmentation based on Freezing & Packaging Techniques:

- Freezing Techniques & Equipments

- Frozen Food Packaging

- Others

For more information about this report visit https://www.researchandmarkets.com/research/mfxwf5/india_frozen_food


Contacts

Research and Markets
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: Frozen Food

India Air Coolers Market Analysis, Competition Forecast & Opportunities, 2022 – Market is Forecast to Grow at a CAGR of 27% – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "India Air Coolers Market By Organized Vs. Unorganized, By Type (Residential Air Coolers Vs. Industrial & Commercial Air Coolers), Competition Forecast & Opportunities, 2012-2022" report has been added to Research and Markets' offering.


India air coolers market is forecast to grow at a CAGR of 27% by 2022, on account of rising temperature levels, growing middle class population and low prices of air coolers as compared to air conditioners. Increasing sales of air coolers through online channel, coupled with growing awareness among consumers regarding new technology-based air coolers such as air purification and wall mounted air coolers is anticipated to boost the air coolers market in India during forecast period.

Moreover, government initiatives aimed at electrifying villages across the country are further likely to aid India air coolers market over the next five years.

India Air Coolers Market report discusses the following aspects of air coolers market in India:

  • India Air Coolers Size, Share & Forecast
  • Segmental Analysis - By Organized Vs. Unorganized, By Product Type (Residential Air Coolers and Industrial & Commercial Air Coolers) and By Geography (North Region, East Region, West Region and South Region)
  • Competitive Analysis
  • Changing Market Trends & Emerging Opportunities

Market Trends & Developments

  • Increasing Awareness about Wall-mounted Air Coolers
  • Growing Online Sales of Air Coolers
  • Electrification of Rural Villages
  • Expanding Presence & Share of Organized Retail
  • Surging Demand for Air Coolers equipped with Air Purification Technology

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Air Coolers Market Overview

5. India Overall Air Coolers Market Outlook

6. India Air Coolers Market Outlook

7. India Residential Air Coolers Market Outlook

8. India Industrial & Commercial Air Coolers Market Outlook

9. Supply Chain Analysis

10. Import - Export Analysis

11. Market Dynamics

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

16. Strategic Recommendations

Companies Mentioned

  • Symphony Limited
  • Kenstar
  • Bajaj Electricals Ltd.
  • Usha International Ltd
  • Orient Electric Ltd.
  • Groupe SEB India Pvt. Ltd.
  • Crompton Greaves Consumer Electrical Ltd
  • Ram Air Coolers
  • Khaitan Electricals Ltd.
  • Canbara International Pvt. Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/nkpj9f/india_air_coolers


Contacts

Research and Markets
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: HVAC (Heating, Ventilation, and Air Conditioning)