HERE TECHNOLOGIES FUELS ISUZU AUSTRALIA LIMITED FOR NAVIGATION SERVICES

KUALA LUMPUR, April 28 (Bernama) -- Isuzu Trucks, the market leading heavy commercial vehicle brand in Australia, has announced deploying HERE Navigation, an off-the-shelf navigation solution for embedded in-vehicle infotainment (IVI) platforms, in its new 2022 model year F Series, FX Series and FY Series trucks sold in the country.

HERE Navigation optimises Isuzu’s fleet operations with a connected in-vehicle navigation system from HERE Technologies, the leading location data and technology platform.

According to Isuzu’s Future of Trucking Report, fleet operators are seeking increased safety and business efficiency dividends from the technology incorporated in their road transport equipment.

With the new 2022 F Series, FX Series and FY Series trucks equipped with HERE Navigation, Isuzu truck drivers are able to receive the latest, updated and accurate maps, live traffic, and recommended truck routes to complete their jobs, by using mobile phone data from a tethered smartphone.

This fully integrated solution will be deployed on Isuzu’s embedded IVI platform – the MyIsuzu Co-Pilot, so drivers receive guidance on the go for safe driving.

In a statement, Daniel Antonello, General Manager of Australia and New Zealand at HERE Technologies said: “The Australian truck and road transportation industry is going through major changes exacerbated by the pandemic. With road freight demand expected to increase in the coming years, it’s important that we leverage the best location technology to ensure that drivers are driving safely and efficiently.

“We’re proud that HERE is able to support Isuzu as they continue to enhance its product offerings in Australia and cement their position as the country’s truck market leader.”

“HERE Navigation gives us the flexibility and agility required to offer one of the most interactive and intuitive navigation experiences on the market. The accurate maps and location data ensure that our operators have the latest route and navigation information available,” said IAL Chief of Strategy, Grant Cooper.”

For more information, visit www.here.com.

-- BERNAMA

HONG KONG TO BE GATEWAY FOR CMR SURGICAL IN APAC REGION

Hong Kong to be gateway for CMR Surgical in APAC region
 

• CMR Surgical to expand commercial roll out in world leading surgical robotic market
   
• Leading teaching hospitals in Hong Kong – CUHK Medical Centre and Gleneagles Hospital – have introduced Versius

Cambridge, United Kingdom, April 29 (Bernama-GLOBE NEWSWIRE) -- 28 April 2022 00:01 (GMT). CMR Surgical – the global surgical robotics business – has today announced the introduction of the Versius^® Surgical Robotic System in Hong Kong at CUHK Medical Centre (CUHKMC) and Gleneagles Hospital Hong Kong (GHK). CUHKMC was the first hospital in Hong Kong to introduce Versius where it is being used as part of a multidisciplinary robotic programme, including general surgery and urology. At Gleneagles, Versius has been used first in gynaecologic surgery, with plans to expand into general surgery and others as part of a multispecialty programme.

With Versius, both CUHKMC and GHK are offering robotic assisted surgery directly to patients through state-of-the-art specialty centres, bringing accessible surgical care to more patients. With one of the longest life expectancies in the world, Hong Kong’s healthcare sector is a global leader in utilising high tech equipment and surgical solutions for patients, presenting a significant opportunity for Versius to be widely adopted in private and public hospitals. APAC will be a major growth engine for surgical robotics where rapid digitalisation, rising demand and access to healthcare innovation will drive further adoption of health technology and innovations like Versius.

Per Vegard Nerseth, Chief Executive Officer of CMR Surgical said: “We have eagerly awaited our launch in Hong Kong to offer the city’s world leading healthcare system access to pioneering new technology, I am thrilled that we have entered such a robust and innovative market. Hong Kong will be our springboard to the rest of APAC as we prepare for further developments in the region in due course and continue to set CMR Surgical on the global stage.”

Dr Patrick Lau, Deputy Executive Director of the Hong Kong Trade Development Council commented: “Hong Kong is a leader in embracing innovation and technology, including in Healthcare. A novel robotic system such as Versius that will positively impact patients fits perfectly into this mould. We are delighted that CMR has chosen Hong Kong as the launchpad for the Asia Pacific region as we believe that Hong Kong offers biotechnology companies an ideal springboard from which to expand into rapidly growing markets in Mainland China, Asia and around the world.”

While the benefits of keyhole surgery for patients such as shorter recovery time, less pain and a lower risk of surgical site infections are well recognised, traditional manual keyhole surgery can be difficult to perform, leading many complex procedures to be performed via open surgery.ⁱ Surgical robotic systems such as Versius provide increased accuracy, precision and dexterity for surgeons, allowing for more surgical procedures to be more easily performed through keyhole surgery. The size, portability and versatility of Versius has made it popular with hospitals and surgeons around the world and has made Versius a cornerstone in enabling more keyhole surgery.

Kin Cheung, Head of Far East of CMR Surgical said: “The impact of the pandemic has been felt across healthcare systems globally, and Hong Kong is no exception to this. With Hong Kong’s can-do spirit as their guide, hospitals are looking for innovative solutions that help to address this strain while providing accessible technology options to their patients. We are delighted to be partnering with leading hospitals, CUHK Medical Centre and Gleneagles Hospital Hong Kong, to expand the benefits of robotic keyhole surgery. It is great to see Versius standing out in Hong Kong and offering world leading surgeons a very different surgical robotic option. CMR will continue to expand our presence in Hong Kong in order to fulfil our customers’ growing demand.”

CMR has designed an agile commercial and pricing model to suit all global markets, increasing access for many people to minimal access (keyhole) surgery. The value of innovation Versius offers as a leading-edge robotic technology, fits well within an innovative and diverse healthcare ecosystem like Hong Kong’s and other markets in the APAC region.

To further invest into the market, CMR has partnered with leading training centre, the CUHK Jockey Club Minimally Invasive Surgical Skills Centre (Jockey Club MISSC), located within the Prince of Wales Hospital, to deliver training and professional education to surgical teams. The introduction of Versius in Hong Kong follows CMR Surgical’s expansion into a number of markets across Europe, Middle East, India and Australia where the system is being used to perform surgical procedures across a range of surgical specialities including gynaecology, colorectal surgery, thoracic, general surgery and urology.

— ENDS —

Media Contacts:

If you wish to see more, please contact CMR Surgical at:

Press Office, CMR Surgical
T +44(0) 1223 755801
E pressoffice@cmrsurgical.com

Notes to editors:

The Versius^® Surgical Robotic System

Versius^® resets expectations of robotic surgery. Versius fits into virtually any operating room set-up and integrates seamlessly into existing workflows, increasing the likelihood of robotic minimal access surgery (MAS). The small, portable and modular design of Versius allows the surgeon to only use the number of arms needed for a given procedure.

Biomimicking the human arm, Versius gives surgeons the choice of optimised port placement alongside the dexterity and accuracy of small fully-wristed instruments. With 3D HD vision, easy-to adopt instrument control and a choice of ergonomic working positions, the open surgeon console has the potential to reduce stress and fatigue and allows for clear communication with the surgical team. By thinking laparoscopically and operating robotically with Versius, patients, surgeons and healthcare professionals can all benefit from the value that robotic MAS brings.

But it’s more than just a robot. Versius captures meaningful data with its wider digital ecosystem to support a surgeon’s continuous learning. Through the Versius Connect app, Versius Trainer and CMR clinical registry, Versius unleashes a wealth of insights to ultimately improve surgical care.

About CMR Surgical Limited

CMR Surgical (CMR) is a global medical devices company dedicated to transforming surgery with Versius^®, a next-generation surgical robot.

Headquartered in Cambridge, United Kingdom, CMR is committed to working with surgeons, surgical teams and hospital partners, to provide an optimal tool to make robotic minimal access surgery universally accessible and affordable. With Versius, we are on a mission to redefine the surgical robotics market with practical, innovative technology and data that can improve surgical care.

Founded in 2014, CMR Surgical is a private limited company backed by an international shareholder base. 

ⁱ EUR Urol, Journal of Endourology, BMJ 

SOURCE : CMR Surgical

Personetics Launches Sustainability Insights, a Next-Generation Solution for Banks to Help Customers Reduce Their Carbon Footprint

New customer transaction data-driven solution enables banks to show customers their carbon footprint and suggests ways to reduce emissions with greener spending choices and climate-friendly financial goals

NEW YORK & TEL AVIV, April 28 (BUSINESS WIRE)--

Personetics, the leading global provider of financial data-driven personalization, customer engagement, and advanced money management capabilities for financial institutions, today announces the launch of Sustainability Insights. This new offering, included within the Personetics engagement platform, will help banks meet growing customer demand and regulatory expectations for environmentally responsible banking and sustainable finance. Personetics is partnering with industry-leading impact fintech ecolytiq, whose Sustainability-as-a-Service® solution enhances the data models of Sustainability Insights, making them more precise, personalized, and actionable.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220426005128/en/

The Personetics Sustainability Insights solution is the world’s first to show banking customers the carbon footprint of every banking transaction and recommend personalized actions to reduce carbon emissions – such as by making purchases from lower-carbon merchants or categories or saving for climate-friendly financial goals. Sustainability Insights are fully embedded into the Personetics financial data-driven engagement platform, based on advanced data analytics of billions of customer transactions.

Beyond just tracking carbon emissions and showing customers their personal carbon footprint, Sustainability Insights is a complete integrated approach that also assesses other factors, such as overall ESG company information to further calculate the individual impact. It also enables banks to recommend their own existing products which may help a customer take more sustainable financial decisions.

Sustainability Insights is based on Personetics’ four pillars of sustainable finance strategy:

Integrated: The Sustainability Insights are fully integrated into the existing financial data-driven engagement platform and accessible within each participating financial institution’s digital channels; customers can now see their carbon footprint and receive recommendations within their bank’s mobile app.
Relatable: Sustainability Insights are based on each customer’s own financial transaction data. People can see the carbon emissions of their everyday spending decisions – and get advice on how to reduce carbon emissions with their financial choices.
Interactive: Sustainability Insights are easy to understand and engaging for banking customers, with an easy-to-use digital banking user experience.
Actionable: Customers can quickly take action to reduce their carbon emissions, such as by opening a savings account to save money for solar panels or an electric vehicle or deciding to purchase a different product or shop at a more climate-friendly store.

Key capabilities of the Sustainability Insights offering include:

Providing a personalized, holistic financial map that visually demonstrates the carbon emissions of customer spending or investments.

Giving customers the ability to take action to reduce their carbon emissions with personalized insights and advice, depending on their financial situation. For example, the solution might suggest alternative merchants that are more carbon friendly, suggest a savings goal for installing solar panels, offer green investment products, or allow a customer to set a carbon target and track their progress through their spending.

Personalization and Engagement: Actively engaging with the user to increase the accuracy of the insights via quizzes and feedback insights.

To provide banking customers with the most precise, and actionable climate impact data, Personetics has integrated ecolytiq's country level models with its own proprietary capabilities. ecolytiq provides financial institutions with country-specific data sources and models to help them achieve best-in-class carbon impact calculations.

For increased depth of data, Personetics’ Sustainability Insights also partners with additional global providers of carbon emission research to offer various merchants footprint or spending categories within specific countries.

Personetics’ Sustainability Insights will empower financial institutions to be leaders in environmentally responsible banking and will help customers take action to choose a more sustainable lifestyle with better-informed financial choices. Data from Deloitte shows 28% of consumers have already stopped purchasing certain brands or products due to sustainable or ethical concerns, and dozens of the world’s banks are already committing to change through the UN’s Principles for Responsible Banking.

Banks will also be able to feed insights from the Personetics platform into their ESG reporting by tracking and measuring the actions customers are taking to reduce their carbon footprint. This can help financial institutions demonstrate significant leadership in supporting their customers while fighting climate change.

David Sosna, CEO of Personetics, said:

“We are excited to launch our new Sustainability Insights, backed by the industry-leading data sources of our partner ecolytiq. Personetics Sustainability Insights are the next evolution of sustainable finance – beyond just showing bank customers their carbon footprint, we offer them specific actions that they can take today to reduce their carbon impact, choose climate-friendly savings goals, and push the industry in a greener direction.

“Sustainability Insights also drive business impact for financial institutions by improving customer engagement, creating new occasions for targeted cross-selling, and recommending specific banking products and new accounts in a way that is personalized for each customer’s financial situation and future goals. This will create deeper relationships with banking customers and ultimately support banks’ ESG reporting. Every financial institution can be a leader in green banking with Sustainability Insights.”

Ulrich Pietsch, CEO, ecolytiq said:

“The financial industry will play a major role in fighting climate change. This starts by providing people with the information they need to make greener decisions. Banks that act now by embracing sustainability will be the first to reap its benefits for years to come. By partnering with Personetics, we’re excited to be able to help even more financial institutions across the world with in-depth data about their customers’ carbon footprint, so they can suggest actions to improve it.”

The new Sustainability Insights offering is now available on the Personetics platform and is ready to be activated by Personetics’ existing global network of 80 financial institutions with a combined reach of 120 million bank customers.

About Personetics:

Personetics is the global leader in financial data-driven personalization, customer engagement, and advanced money management capabilities for financial services. We are creating the future of “Self-Driving Finance,” where banks can proactively act on their customers’ behalf to help improve their financial wellness and achieve financial goals.

Our industry-leading data analytics solutions harness customer financial transaction data to provide day-to-day actionable insights, personalized recommendations, product-based financial advice, and automated financial wellness programs. We offer solutions for mass market consumer banking, SMB banking, wealth management, and credit card issuers.

We drive business impact for financial institutions by improving relevant product targeting for accurate, efficient cross-selling and upselling. We help financial institutions deepen their customer relationships, increase core deposits and customer retention, expand share of wallet, and boost Customer Lifetime Value.

Personetics currently serves over 80 financial institutions spanning 30 global markets, reaching 120 million customers. We are backed by leading venture capital and private equity investors, with offices in New York, London, Tel Aviv, Singapore, Rio de Janeiro, Tokyo, Paris, Madrid, and Sydney. Learn more at personetics.com

About ecolytiq:

The Sustainability-as-a-Service® solution from ecolytiq enables banks, fintech companies and financial service providers to show their customers the individual impact their purchasing behavior is having on the environment in real time. The ecolytiq software calculates personal environmental impacts, such as CO2 values, on the basis of payment transactions and educates consumers on sustainable spending habits through climate insights. Learn more at www.ecolytiq.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220426005128/en/

Contact

Media inquiries
Toby Earnshaw / Aimee Cashmore
personetics@pancomm.com

Michal Milgalter, Head of Global Marketing
Michal.milgalter@personetics.com

Media contact ecolytiq:
Yuki Hayashi I ecolytiq GmbH I media@ecolytiq.com
phone: +49 30 2201232-80

Source : Personetics

Juniper Research: Future Digital Awards for Smart Cities & IoT Innovation 2022 opens

KUALA LUMPUR, April 28 (Bernama) -- Juniper Research has announced the opening of the Future Digital Awards for Smart Cities & IoT Innovation 2022.

Since 2008, the Future Digital Awards have been awarded to tech companies at the forefront of their respective fields: companies that deliver imaginative and innovative products or services that have the potential to disrupt their ecosystems and provide significant benefits to their target audience.

According to a statement, these awards aim to reward the most innovative vendors and solutions in the rapidly evolving smart cities & IoT markets, in the context of an unprecedented focus on sustainability gains through technological advancement.

This year’s Smart Cities & IoT Innovation Future Digital Awards cover the following categories.

IoT Innovation: Best IoT Security Platform (Platinum & Gold); Most Innovative Edge Computing Solution; Best IoT Device Management Platform (Platinum & Gold); Smart Agriculture Solution Innovation (Platinum & Gold); eSIM Innovation of the Year (Platinum); and, Private Cellular Network Innovation (Platinum & Gold).

Meanwhile, Sustainability & Smart City Innovation: among others are Best Smart Traffic Management Solution (Platinum & Gold); Best Smart Parking Solution (Platinum & Gold); Innovation in Smart Urban Lighting (Platinum & Gold); Urban Smart Grid Innovation (Platinum & Gold); and, Best MaaS Platform (Platinum & Gold).

While the rest of the awards focus on products and solutions, the Judges’ Choice awards focus on the people and organisations at the forefront of driving true innovation in global smart city deployment.

Judges’ Choice comprising Juniper Research Award for Urban Technology Leadership; Juniper Research – Pathway to Net Zero Award; and, IoT Mover & Shaker Award.

Entries close on May 27, 2022, before being assessed by Juniper Research’s expert panel of analysts. The awards will be announced on June 28, 2022.

Entrants can apply for the awards at https://www.juniperresearch.com/future-digital-awards/smart-cities-iot-innovation.

-- BERNAMA

PANDO SOFTWARE BEGINS PRE-REGISTRATION OF THREE NEW P2E PANDONIA UNIVERSES

 

^{Three new P2E Pandonia Universes have started pre-registration ahead of their worldwide release. The three Pandonia Universes include ‘Pandonia Arena,’ ‘Guardians of Pandonia,’ and ‘Dragons of Pandonia.’ Pre-registration is available now on the official website. (Graphic: Business Wire)}


SEOUL, South Korea, April 28 (Bernama-BUSINESS WIRE) -- The new P2E Pandonia Universe starts pre-registration ahead of its simultaneous worldwide release. The three Pandonia Universes include ‘Pandonia Arena,’ ‘Guardians of Pandonia,’ and ‘Dragons of Pandonia.’ Pre-registration is available now on https://pandonia.co.

 

‘Pandonia Arena’ with unique heroes

‘Pandonia Arena’ was issued as non-fungible tokens (NFT) for heroes with distinctive visuals and unique skills. The control method that allows anyone to play easily, such as battle royale mode, big boss mode, and crown mode, is a huge advantage. The global No.1 Arcade NFT-based P2E game ‘Pandonia Arena’ will be released in May.

New collectible RPG, P2E game ‘Guardians of Pandonia’

‘Guardians of Pandonia’ is a mobile collectible RPG where you can create your own team with up to six characters and enjoy adventures, raids, and PvP content. In particular, there are high expectations for this new collectible P2E game in Japan, so it is planned to be released in June.

MMORPG 'Dragons of Pandonia,' a story created with a variety of dragons

‘Dragons of Pandonia’ is an MMORPG focused on dragons. It is the P2E-based MMORPG where users write their own huge and powerful stories relying on five different occupation types and various dragons. Development is underway aiming at a global launch in July.

Special benefits for pre-registrants of the three Pandonia Universes

For pre-registered users, Pando Software has announced that it will provide game-related privileges along with an airdrop event in which 10,000 mPANDO will be drawn and distributed, fitting the game's official release date.

In the three new Pandonia Universes, users can acquire mPANDO through gameplay as well as through other games currently being serviced by Pando Software. mPANDO is a MainNet coin and is designed to be used for various in-game applications.

Starting with the ‘Legend of Pandonia’ as its first P2E project in 2022, Pando Software has continued with the ‘I Love Pandonia’ release to the global market.

The detailed schedule and news about the three Pandonia Universes can be checked on the official website (https://pandonia.co).

Photos/Multimedia Gallery Available:
https://www.businesswire.com/news/home/52698853/en

Contact

Pando Software Inc
Lucia Tanti
+82-70-5100-0815
pr@pandosoft.co.kr

Source : Pando Software Inc

THE REPUBLIC OF THE MARSHALL ISLANDS WILL BECOME FIRST PACIFIC ISLAND NATION TO PUBLISH FISHING ACTIVITY TO GLOBAL FISHING WATCH MAP

 

Global Fishing Watch commends the Republic of Marshall Islands’ leadership toward fisheries transparency


KOROR, THE REPUBLIC OF PALAU, April 28 (Bernama-GLOBE NEWSWIRE) -- KOROR, THE REPUBLIC OF PALAU - The Republic of the Marshall Islands has committed to sharing its vessel monitoring data on Global Fishing Watch’s public map, bolstering ocean governance and promoting compliance throughout some of the world’s richest fishing grounds. This momentous decision was announced on April 14, 2022 at the seventh Our Oceans Conference by the Honorable John M. Silk, Minister of Natural Resources and Commerce for the Republic of the Marshall Islands. The declaration marks the first Pacific island nation to make its fishing activity visible to the world.

The partnership agreement was signed between the Marshall Islands Marine Resources Authority (MIMRA) and Global Fishing Watch, symbolizing the two organizations’ dedication to advancing transparency of fishing activities in the Pacific Islands region, home to the world’s most productive tuna fisheries.

All vessels flying the Marshall Islands’ flag and foreign vessels fishing in its fishery waters will appear on Global Fishing Watch’s map through the integration of the government's vessel monitoring system (VMS) data. These vessels primarily target tropical tuna species of the Western and Central Pacific ocean, which hold environmental, economic and cultural significance across the region’s island nations—around half of the world’s tuna catch comes from these waters. 

“There is real value in open data when it comes to monitoring the ocean,” said Glen Joseph, Director of the Marshall Islands Marine Resources Authority. “By making its fishing activity visible on the Global Fishing Watch map, the Republic of the Marshall Islands is helping demonstrate compliance. We hope the data-led insights complement already existing monitoring, control and surveillance tools to validate what is being reported by flag States and strengthen the way fisheries are managed.”

“Global Fishing Watch is honored to be partnering with the Marshall Islands to build greater transparency of fishing activity in the Pacific,” said Tony Long, chief executive officer of Global Fishing Watch. “This progressive decision will help facilitate accountability and good behavior in the region and support a more sustainable future by strengthening fisheries monitoring.” 

“Our partnership with Global Fishing Watch is an important element of our regional commitment to combat IUU fishing," said the Honorable John Silk, Minister for Natural Resources and Commerce, Republic of the Marshall Islands. "In 2018, Marshall Islands' President Hilda Heine set out a bold vision of an IUU-free Pacific by 2023. Other Micronesian presidents signed onto that challenge the following year. To achieve this ambitious goal, we must harness innovative technologies to protect our marine resources and the livelihoods of Pacific people." 

Global Fishing Watch uses publicly broadcast automatic identification system data to track close to 70,000 commercial fishing vessels operating globally. Adding VMS data, which is required by many governments, provides an even clearer view of global fishing activity. The data can assist fishers abiding by the rules through faster, more efficient port entry and provide opportunities to implement regulatory and market incentives to reward them.  

A country of coral islands and atolls spread out over 750,000 square miles (1.94 million square kilometers) of ocean between Hawaii and the Philippines, the Marshall Islands relies heavily on revenue from the tuna industry–well over one-third of the government’s domestic revenue comes from the tuna sector. 

As a member of the Pacific Islands Forum Fisheries Agency (FFA) and one of eight Parties to the Nauru Agreement, this independent small island developing State recognizes the importance of collaboration to secure sustainable fisheries. Enhanced monitoring and regional solidarity across FFA’s 17 Members has led to a decrease in illegal, unreported and unregulated fishing throughout the Pacific, according to a recent quantification study which, in part, used Global Fishing Watch data to examine vessel activity throughout the region’s waters.
 
MIMRA’s fisheries MCS systems are state-of-the-art, and are backed by the resources of the FFA’s Regional Fisheries Surveillance Centre. Their monitoring systems build on an innovative management approach used by the Parties to the Nauru Agreement that caps regional fishing activity to support conservation and economic goals. With Global Fishing Watch now available to support and complement existing efforts, the Marshall Islands is taking the next step toward embracing fisheries transparency.   

“Transparency can help vessel operators publicly demonstrate compliance and show their commitment to implementing relevant conservation measures,” added Tony Long. “We believe the Marshall Islands’ pioneering leadership will encourage other Pacific nations, as well as industry stakeholders, to embrace transparency in support of enhanced ocean governance.” 
 
The Marshall Islands joins a growing group of countries that are already publicly sharing their VMS data through Global Fishing Watch, including Belize, Brazil, Chile, Costa Rica, Ecuador, Panama and Peru. Transparency of its fishing activity demonstrates the Marshall Islands’ steadfast commitment towards compliance and will help amplify management and coordination efforts undertaken by the FFA. Global Fishing Watch's international program to advance ocean governance through greater transparency is made possible with the generous support of Bloomberg Philanthropies.

###

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all.

globalfishingwatch.org

Attachments

• Our Ocean Conference 2022
• The Republic of the Marshall Islands

Kimberly Vosburgh
Global Fishing Watch
KIMBERLY@GLOBALFISHINGWATCH.ORG 

SOURCE : Global Fishing Watch

NX INDIA BUILDS AND DONATES SCHOOL BUILDING IN KARNATAKA STATE

TOKYO, Apr. 27 2022 /Kyodo JBN-AsiaNet/ --

Nippon Express (India) Private Limited (hereinafter "NX India"), a company of the Nippon Express Holdings, Inc. group, has recently completed construction of a school building on the premises of the Government Kannada Boys Model School as part of its long-standing commitment to CSR activities. The building was donated to the school at a handover ceremony held on March 23.

Logo: https://kyodonewsprwire.jp/img/202204210296-O1-JYSoUwCo

Photo1: Government Kannada Boys Model School
https://kyodonewsprwire.jp/prwfile/release/M103866/202204210296/_prw_PI2fl_PQIx9W6O.jpg


Photo2: At handover ceremony with Karnataka government officials
https://kyodonewsprwire.jp/prwfile/release/M103866/202204210296/_prw_PI3fl_055Axk7K.jpg


A "model school" equates to a combined elementary and junior high school in Japan, and approximately 700 students attend this school for eight years from age six. Upon learning that India's growing population had created a shortage of classrooms, NX India decided to build and donate a two-story school building featuring six classrooms with tiled floors and ventilation equipment not found in other classrooms. A completion ceremony and prayer preceded the handover ceremony, where school officials warmly welcomed NX India representatives and expressed their thanks.

The NX Group has developed alongside society by transporting goods and thereby connecting people, companies and communities, and it will continue fulfilling these responsibilities as well as actively engaging in social contribution activities.

Name of school: Government Kannada Boys Model School
Address: KR Road, Hosakote Town, Bangalore Rural District, Karnataka 562114

Nippon Express website: https://www.nipponexpress.com/

NX Group's official LinkedIn account:
https://www.linkedin.com/company/nippon-express-group/


Source: Nippon Express Holdings, Inc.

http://mrem.bernama.com/viewsm.php?idm=43037

Control Risks announces technology offering expansion with Reveal

KUALA LUMPUR, April 27 (Bernama) -- Control Risks, the specialist risk consultancy, has announced expansion of its technology offering with Reveal, the global provider of the leading AI-powered eDiscovery and investigations platform.

Reveal uses adaptive AI, behavioural analysis, and pre-trained AI model libraries to help uncover connections and patterns buried in large volumes of unstructured data.

“Corporate legal and compliance teams, and their outside counsel, are looking to technology to better understand data, reduce risks and costs, and extract key insights faster across an ever-increasing volume and variety of data.

“We look forward to leveraging Reveal’s data visualisation, AI and machine learning functionality to drive innovation with our clients,” said Brad Kolacinski, Partner, Control Risks in a statement.

Control Risks will leverage the platform globally to unlock intelligence that will help clients mitigate risks across a range of areas including litigation, investigations, compliance, ethics, fraud, human resources, privacy and security.

Meanwhile, Reveal CEO, Wendell Jisa said: “By taking full advantage of Reveal’s powerful platform, Control Risks now has access to the industry’s leading SaaS-based, AI-powered technology stack, helping them and their clients solve their most complex problems with greater intelligence.”

Control Risks, a specialist global risk consultancy that helps to create secure, compliant and resilient organisations in an age of ever-changing risk will initially provide Reveal-Brainspace in the US, Europe and Asia Pacific.

For more information, visit www.controlrisks.com.

-- BERNAMA

AI Medical Service Inc declares US$70 million Series C financing

KUALA LUMPUR, April 26 (Bernama) -- AI Medical Service Inc (AIM), the Tokyo-based med-tech company using deep learning technology to develop endoscopic AI, has announced 8 billion JPY (US$70 million) of financing led by SoftBank Vision Fund 2 (SVF2) and joined by existing investors Globis Capital Partners, World Innovation Lab (WiL), and Incubate Fund. (US$1 = RM4.350)

According to a statement, AIM will use the proceeds of the Series C financing round to accelerate the global adoption of endoscopic AI and finance the development of an in-house cloud-based platform.

Worldwide, approximately 30 per cent of cancer mortality can be attributed to gastrointestinal (GI) cancer, the largest of any cancer grouping in the world as well as in Japan.

Many cases of GI cancer can be treated successfully if they are detected at an early stage, but the prospects for recovery diminish substantially in the case of late stage detection. Currently, only an endoscopic exam can detect GI cancer at its early stages.

By increasing the accuracy of endoscopic diagnostics with AI, AIM is working to promote the early detection of cancer and save lives worldwide.

Through its collaboration with the SoftBank Group, AIM will promote the worldwide adoption of endoscopic AI, first created in Japan using the knowledge and experience of expert endoscopists.

This endoscopic AI will first be distributed on-premises, but distribution will eventually transition to a cloud platform to be developed by AIM. 

Realising the vision of cloud-based endoscopic AI will allow people around the world to access the latest endoscopic medicine, contributing to vastly reduced cancer mortality.

AIM Direction from Series C Financing Round include acceleration of global business development; and developing a proprietary cloud platform to eliminate GI cancer worldwide. 

By bringing endoscopic AI to real-world clinical setting as soon as possible, AIM aims to reduce the number of missed cancer diagnoses and save lives worldwide.

More details at https://www.ai-ms.com/en

-- BERNAMA

CLARITAS HEALTHTECH, UNC SIGN AGREEMENT COMMERCIALISING PAEDIATRIC MRI SOFTWARE

KUALA LUMPUR, April 26 (Bernama) -- Claritas HealthTech Pte Ltd (Claritas), a healthcare technology company has announced finalising a licence agreement to commercialise the Paediatric MRI software developed and patented by the University of North Carolina (UNC) at Chapel Hill.

This licence agreement grants Claritas the exclusive worldwide right to promote and market the deep-learning software solution that improves the quality and efficiency of paediatric MRI scans through Retrospective Artifact Correction.

“MRI scans are particularly sensitive to physical movement and for a child to remain motionless for up to an hour to obtain an image of appropriate quality is difficult. The thought of spending 45 minutes to an hour in a noisy, enclosed tube can be intimidating for adults. Sometimes, a child may have to take sedation or undergo a general anaesthetic which brings additional risk and requires close supervision.

“This can add delay and limit the use of a valuable tool,” commented Dr Arup Paul, Chief Clinical Strategy Officer, at Claritas HealthTech in a statement.

“We are excited about this new technology that can ‘correct’ the image impairment (artifact) caused by physical movement that previously rendered MRI images unusable or difficult to read.

“This will reduce the need to repeat scans, give clinicians more confidence in interpreting these images and determining clinical management. This step change in 'artifact correction' will help drive access, quality and safety in Paediatric care, benefiting patients and those who care for them.”

Claritas aims to transform the diagnostics industry with powerful and effective software products created using image enhancement and AI technology enabling and assisting doctors and physicians to make accurate diagnosis and improve patient lives.

For more information, visit www.claritashealthtech.com.

-- BERNAMA

SUSTAINALYTICS RANKS INNIO ESG RISK RATING AS NUMBER ONE AMONGST 500 COMPANIES IN THE MACHINERY INDUSTRY

 

^{INNIO Jenbacher's strong performance across a range of ESG metrics earns a low risk rating that places it at the top of its industry. (Photo: Business Wire)}
 

• INNIO makes significant progress in advancing its commitment to sustainability with low ESG risk rating
• Sustainalytics ranks INNIO number one among more than 500 companies in the industry with lowest risk
• INNIO achieves top rating across the Machinery Industry
   

JENBACH, Austria, April 27 (Bernama-BUSINESS WIRE) -- INNIO today announced that it has received an Environmental, Social and Governance (ESG) rating of 11.0 from Sustainalytics, assessing INNIO to be at “Low Risk” of experiencing material financial impacts from ESG factors. INNIO’s ESG Risk Rating places it number one of more than 500 companies in the Machinery industry assessed by Sustainalytics.* The assessment identifies INNIO’s strong performance across a broad range of ESG metrics.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220427005322/en/

 

"INNIO is relentlessly committed to ensuring that we incorporate effective ESG practices across all our operations. We are proud to have achieved Sustainalytics’ rating as the lowest ESG risk ranking in our industry,” said Dr. Olaf Berlien, president and CEO of INNIO. “Securing a top rating in Sustainalytics’ extensive rating process marks a significant milestone and shows that our teams are committed, innovative and effective in building a sustainable future for our customers, employees, and the environment. This clearly demonstrates that INNIO is on the right track in contributing to the energy transition and building operational excellence.”

The Sustainalytics rating is yet another accomplishment in advancing INNIO’s ambition to elevate and operationalize the company’s ESG commitment. Additional recent achievements include:

• Establishing the INNIO Sustainability Review Board
• Publishing INNIO’s first Sustainability Report “Together for Sustainable Future”
• Defining INNIO’s Sustainability goals
• Conducting an ISO audit and renewal of certifications
• Receiving a Gold Medal rating from EcoVadis

Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry specific Material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguishes between five levels of risk: negligible, low, medium, high and severe. Learn more about the ESG Risk Ratings here.

About Sustainalytics

Sustainalytics is a global leader in ESG research, ratings and data, serving the world's leading institutional investors and corporations. Sustainalytics works with hundreds of the world's leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. For more information regarding Sustainalytics ESG rating, please visit https://www.sustainalytics.com/esg-ratings.

About INNIO

INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher and Waukesha and our digital platform myPlant, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. We are individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we are enabling our customers to manage the energy transition along the energy value chain wherever they are in their transition journey.

INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 3,500 experts provides life-cycle support to the more than 54,000 delivered engines globally through a service network in more than 80 countries.

INNIO was awarded the Gold Medal from EcoVadis in 2022 for our outstanding sustainability efforts.

For more information, visit INNIO’s website at www.innio.com. Follow INNIO on Twitter and LinkedIn.

*Rating took place in February 2022.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220427005322/en/

Contact

Susanne Reichelt
INNIO
+43 664 80833 2382
susanne.reichelt@innio.com

Source : INNIO

POET TECHNOLOGIES REPORTS FOURTH QUARTER 2021 FINANCIAL RESULTS

 

TORONTO, April 27 (Bernama-GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its audited condensed consolidated financial results for the fourth quarter and full year ended December 31, 2021. The Company’s financial results as well as the Management’s Discussion and Analysis have been filed on SEDAR and EDGAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated.

Fourth Quarter Financial (non-IFRS) and Recent Business Highlights:

The Company continued to execute on its strategic initiatives and achieved the following significant milestones during the fourth quarter and the subsequent three months:

• Secured a commitment from a leading network systems company for a unique multi-engine design for 100G CWDM4 and 100G LR4 Optical Engines based on the POET Optical Interposer. The combined value of the NRE and the purchase order for initial units exceeds US$1.2 million;
• Established the first phase of a supply agreement with a leading global supplier of lasers and other components used in high-speed optical networking equipment. The companies will collaborate on the design and production of flip-chippable Continuous Wave (CW) high power lasers for use in the Company’s 400G optical engines;
• Completed previously announced consolidation of its common shares and commenced trading on the Nasdaq Capital Market on March 14, 2022;
• Entered development agreement and received initial purchase order from Celestial AI to provide multi-laser integrated external light source modules for AI accelerator chips;
• Began collaboration on multi-phase, co-development project with Liobate Technologies to incorporate advanced Thin-Film Lithium Niobate (TFLN) modulators into the Company’s optical engines, with a focus on commercializing POET’s 400/800Gps Transmit and Receive optical engines for data center and telecom applications;
• Appointed seasoned optical industry executive, Raju Kankipati, to newly established position of Vice President of Product Line Management;
• Formally launched and began sampling 400G FR4 and 800G (2x400G FR4) Receive (RX) optical engines based on the POET Optical Interposer, representing the industry’s only chip-scale integrated version of a FR4 RX optical engine;
• Exhibited and demonstrated POET’s unique chip-scale integrated FR4 optical engines, 200G FR4 Transmit and 400G FR4 Receive, at the Optical Fiber Conference (OFC), in addition to hosting meetings with numerous existing and prospective customers;
• Joined new center for photonics integration, the Singapore Hybrid-Integrated Next Generation micro-Electronics (SHINE), as a founding member;
• Ended the fourth quarter with robust balance sheet consisting primarily of cash, cash equivalents and short-term investments of $21.3 million and no debt.

Management Comments

“During the fourth quarter and year-to-date, we have successfully delivered an increasing number of fully functional samples of POET’s optical engines to customers, which is a key milestone in the commercialization of our technology after more than four years of technology and product development,” stated Dr. Suresh Venkatesan, Chairman & CEO. “I’m also pleased to report that we are on track to deliver Beta samples to multiple lead customers within the coming weeks. These latest Beta samples meet or exceed the highest industry specifications, and they will be undergoing standard reliability testing and qualifications by customers over the next three to six months.”

“As a further highlight to our product sampling milestones, the recent launch and live demonstration of our 200G FR4 Transmit and 400G FR4 Receive optical engines at OFC was also a watershed achievement. Enabled by our proprietary POET Optical Interposer platform, we were the only company to exhibit a chip-scale integrated FR4 optical engine, offering substantial size, energy efficiency and cost benefits compared to alternative solutions based on the DR4 standard. As a result of our demonstrations and participation at OFC, we have gained increasing awareness as well as notable traction on new engagements for our standard products as well as potential custom designs across a growing number of prospective customers. We expect to build on this momentum over the course of 2022, as we continue to execute on our product roadmap and expand sampling of our industry-leading solutions based on the POET Optical Interposer platform toward production releases later this year.”

Financial Summary
The Company reported a net loss of $3.7 million, or ($0.10) per share, in the fourth quarter of 2021 compared to a net loss of $5.0 million, or ($0.17) per share, for the same period in 2020 and a net loss of $3.5 million, or ($0.10) per share, in the third quarter of 2021. The net loss in the fourth quarter of 2021 included research and development costs of $2.0 million compared to $2.2 million for the same period in 2020 and $1.2 million in the third quarter of 2021. R&D for the Company varies from period to period as based on the immediate product development needs of the Company. The Company’s decreased spend in the fourth quarter of 2021 compared to the fourth quarter of 2020 was driven by the current contraction in the global semiconductor chip supply chain that has resulted in slower deliveries of orders made by the Company. The increased spend in the fourth quarter of 2021 compared to the third quarter of 2021 was a result of certain NRE commitments with large tier-one industry suppliers established to manage the Company’s supply chain and associated risks.

Non-cash expenses in the fourth quarter of 2021 included stock-based compensation of $1.2 million and depreciation and amortization of $0.3 million. Non-cash stock-based compensation and depreciation and amortization in the same period of 2020 were $0.9 million and $0.2 million, respectively. Third quarter 2021 stock-based compensation and depreciation and amortization were $1.3 million and $0.3 million, respectively. The Company had debt related finance costs of $16,000 in the fourth quarter of 2021 compared to $249,000 in the fourth quarter of 2020 and $20,000 in the third quarter of 2021. All of the finance costs recognized in the fourth quarter of 2021 were non-cash compared to $128,000 during the same period in 2020 and $18,000 in the third quarter of 2021. The Company recognized other income, including interest of $27,000 in the fourth quarter of 2021 compared to $7,000 in the same period in 2020 and $208,000 in the third quarter of 2021. Other income, including interest in the third quarter of 2021 included $187,000 of COVID-19 related PPP loan that was forgiven.

Impact of joint venture in the fourth quarter of 2021 was $1.0 million compared to nil in the same period of 2020 and $0.4 million in the third quarter of 2021. Impact of joint venture is a net gain on the Company’s activity related to its investment in SPX. During 2021, the Company recognized a gain of $2.6 million related to its contribution of intellectual property to SPX in accordance with IAS 28. The Company only recognized a gain on the contribution of the intellectual property equivalent to the SAIC’s interest in SPX. Additionally, the Company recognized its share of SPX's losses using the equity method. The Company recognized 94.2% or $1.1 million of the net operating loss of SPX from March 12, 2021 to December 31, 2021. The Company's current share of the operating loss is a result of the high value of the Company's initial contribution.

On a non-IFRS basis, cash flow from operating activities in the fourth quarter of 2021 was ($3.2) million compared to ($2.9) million in the fourth quarter of 2020 and ($2.8) million in the third quarter of 2021.

Non-IFRS Financial Performance Measures

Certain financial information presented in this press release is not prescribed by IFRS. These non-IFRS financial performance measures are included because management has used the information to analyze the business performance and financial position of POET. These non-IFRS financial measures are intended to provide additional information only and do not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. These non-IFRS financial measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. 



Business Update Conference Call
The Company will host a business update conference call tomorrow, Wednesday, April 27, 2022, at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time). A link to the live webcast and archived replay of the business update conference call, as well as associated presentation materials, can be found in the Investor Relations section of POET’s website at www.poet-technologies.com. Additionally, the live conference call can be accessed by dialing 1-866-688-4315 and using Conference ID 6948124. A telephone replay of the call will also be made available approximately two hours after the call and remain available through May 4, 2022. The telephone replay can be accessed by dialing 1-855-859-2056 and using the Conference ID 6948124.

About POET Technologies Inc.
POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™ a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer eliminates costly components and labor-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET is headquartered in Toronto, with operations in Allentown, PA, Shenzhen, China and Singapore. More information may be obtained at www.poet-technologies.com.

Shareholder Contact:
Shelton Group
Brett L. Perry
sheltonir@sheltongroup.com 

Company Contact:
Thomas R. Mika, EVP & CFO
tm@poet-technologies.com

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the performance of its products, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, future growth, recruitment of personnel, opening of offices, the form and potential of its joint venture, plans for and completion of projects by the Company’s third-party consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, the failure of its products to meet performance requirements, lack of sales in its products, once released, operational risks in the completion of the Company’s anticipated projects, lack of performance of its joint venture, delays in recruitment for its newly opened operations or changes in plans with respect to the development of the Company’s anticipated projects by third-parties, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, and the ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075

SOURCE : POET Technologies Inc.

KIOXIA EXTENDS LINEUP OF PCIE® 4.0 SSDS FOR HIGH-END CLIENT APPLICATIONS

 

^{Kioxia Corporation: XG8 Series PCIe® 4.0 SSDs for High-End Client Applications (Photo: Business Wire)}


New KIOXIA XG8 Series Delivers High Performance, Latest Security Features


TOKYO, April 26 (Bernama-BUSINESS WIRE) -- In a move that bolsters its comprehensive PCIe^® 4.0 solid-state drive (SSD) portfolio, Kioxia Corporation has introduced the KIOXIA XG8 Series of client SSDs for high-end notebooks, desktops, gaming systems, workstations, as well as data center boot applications.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220425005410/en/

 

Designed to bring next-generation performance to demanding client environments, the XG8 Series enables power users to take advantage of PCIe Gen4 x4 speed and ample storage space.

The XG8 Series is available in an M.2 type 2280 form factor and supports optional security features using the latest TCG Pyrite 2.01 and TCG Opal 2.01 standards^[1] to ensure data is kept secure at home, in the office or on the road. In addition, the XG8 Series features end-to-end data path protection for greater data integrity.

Additional features include:

• Forward-looking support for NVMe™ 1.4 feature set and Basic Management Commands over System Management Bus (SMBus), which enables tighter thermal management for PCs
• Power Loss Notification is supported to protect data against forced shut-downs
• Sideband signals (PERST#, CLKREQ# and PLN#) are available in both 1.8V and 3.3V (current client models support only 3.3V), enabling support for more platforms

The XG8 Series is offered in capacities of 512GB, 1024GB, 2048GB and 4096GB, and is now available for customer evaluation.

Notes
[1] Availability of security/encryption options may vary by region.

*The samples are for evaluation purposes. The specifications of the samples may differ from the production models.

*Definition of capacity: Kioxia defines a megabyte (MB) as 1,000,000 bytes, a gigabyte (GB) as 1,000,000,000 bytes and a terabyte (TB) as 1,000,000,000,000 bytes. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1Gb = 2^30 bits = 1,073,741,824 bits, 1GB = 2^30 bytes = 1,073,741,824 bytes and 1TB = 2^40 bytes = 1,099,511,627,776 bytes and therefore shows less storage capacity. Available storage capacity (including examples of various media files) will vary based on file size, formatting, settings, software and operating system, and/or pre-installed software applications, or media content. Actual formatted capacity may vary.

*PCI Express and PCIe are registered trademarks of PCI-SIG.
*NVM Express and NVMe are registered or unregistered marks of NVM Express, Inc. in the United States and other countries.
*All other company names, product names and service names may be trademarks of their respective companies.

About Kioxia
Kioxia is a world leader in memory solutions, dedicated to the development, production and sale of flash memory and solid-state drives (SSDs). In April 2017, its predecessor Toshiba Memory was spun off from Toshiba Corporation, the company that invented NAND flash memory in 1987. Kioxia is committed to uplifting the world with “memory” by offering products, services and systems that create choice for customers and memory-based value for society. Kioxia's innovative 3D flash memory technology, BiCS FLASH™, is shaping the future of storage in high-density applications, including advanced smartphones, PCs, SSDs, automotive and data centers.

Customer Inquiries:
Kioxia Corporation
Sales Promotion Division
https://business.kioxia.com/en-jp/buy/global-sales.html

*Information in this document, including specifications, content of services and contact information, is correct on the date of the announcement but is subject to change without prior notice.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220425005410/en/

Contact

Media Inquiries:
Kioxia Corporation
Sales Strategic Planning Division
Koji Takahata
Tel: +81-3-6478-2404

Source : Kioxia Corporation

AM Best affirms Vietnam National Reinsurance Corporation Credit Ratings

KUALA LUMPUR, April 25 (Bernama) -- AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of ‘bbb+’ (Good) of Vietnam National Reinsurance Corporation (VINARE) Vietnam. The outlook of these Credit Ratings (ratings) is stable.

According to a statement, the ratings reflect VINARE’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The company’s balance sheet strength reflects risk-adjusted capitalisation at the strongest level at year end 2021, as measured by Best’s Capital Adequacy Ratio (BCAR). This capital adequacy ratio is underpinned by the company’s low net underwriting leverage and retrocession counterparties of good credit quality, despite higher investment risk in 2021.

VINARE s regulatory solvency level, which continued to exceed the minimum requirement by a wide margin, increased notably during 2021 due to a considerable reduction in the company’s personal accident premiums. Offsetting factors to the company’s balance sheet strength remain, including exposure to catastrophe risk and VINARE’s high dividend payout ratio.

The company has demonstrated strong operating performance over the past five years, with an average combined ratio of 96.4 per cent and an average return-on-equity ratio of 9.4 per cent (2017-2021), as calculated by AM Best.

Underwriting results from the company’s core lines of business remain satisfactory, although there has been unfavourable claims experience in marine hull business. In addition, amidst the low interest rate environment induced by the COVID-19 pandemic, increased investment allocation to bonds has helped the company to maintain its investment yield.

Prospectively, AM Best expects VINARE to continue delivering strong operating performance, which could be supported by the company’s underwriting discipline and improved pricing conditions in several lines of business.

AM Best, the United States-based global credit rating agency, assesses the company’s business profile as neutral. The company has established long-standing relationships with local cedants and accumulated in-depth knowledge of its domestic insurance market for many years.

Furthermore, VINARE continues to receive strong support from its key shareholders including State Capital Investment Corporation in terms of business strategy and corporate governance; and Swiss Reinsurance Company Ltd (Swiss Re) in terms of underwriting and risk management expertise as well as product innovation.

For more information, visit www.ambest.com.

-- BERNAMA

CLEAR HYDROGEN UK TO PRODUCE 5,000,000 KG/DAY HYDROGEN USING PROTON'S METHOD

 

^{Left to right: Proton COO Setayesh Afshordi, Directors Belinda Oakland, Hertford King, and Grant Strem (Photo: Business Wire)}


LONDON, April 26 (Bernama-BUSINESS WIRE) -- Clear Hydrogen UK Ltd. (CHUK) is pleased to announce an expansion of its agreement with Proton Technologies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220424005124/en/
 

Proton has the lowest-cost method for producing Clear Hydrogen, which is the most environmentally friendly and lowest cost method to make hydrogen.

The plan is to produce Clear Hydrogen from the UK’s aging offshore oil assets while sequestering vast amounts of CO2 as solid carbonate within the same systems.

In 2021, CHUK’s founders invested $3.7 million CAD in Proton to obtain a 20 tonne per day production license for use in the UK and Ireland. The expansion announced today is 250x larger, giving an implied total license value as high as $925 million CAD for 5000 tonnes per day. Terms include 45% ownership of CHUK going to Proton, who will be providing increased technical support and governance oversight to CHUK’s team. Two of CHUK’s founders will also be joining the board of Proton.

Chairman of CHUK Hertford King had this to say: “We look forward to the jobs and economic security this will bring to the UK using Proton’s low cost, carbon negative technology to leverage the equipment, assets, offshore knowledge, and people who already support the UK’s offshore energy production. Our intention is for CHUK to be an important component of the UK’s drive to become low carbon energy independent, and our agreement with Proton is a big step in helping us achieve this goal.”

Chairman of Proton Technologies, Grant Strem said “Our mission is to proliferate this hugely-scalable clean energy technology worldwide as fast as we can afford to. We like partnering with decisive and capable groups like CHUK to fill offtake deals already in advanced discussions. Adapting Proton’s hardware solutions to an offshore setting is easily within the technical grasp of experts in the UK, and this partnership with CHUK is good news for the environment and the UK economy generally. The energy sector is roughly $10 trillion per year. We expect to produce hydrogen at a lower energy cost than natural gas; the implications of this are profound.”

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220424005124/en/

Contact

For further information:
Hertford King
Hertford@proton.energy
or
Grant Strem
grant.strem@proton.energy
+1-403-467-1220

Source : Proton Technologies

UPGRAD PARTNERS WITH GOLDEN GATE UNIVERSITY - SAN FRANCISCO TO CONTINUE ITS GLOBAL EXPANSION

 ~ The partnership to offer over $100M in scholarships to students across geographies and introduce 8 new online programs for the global workforce in the areas of Management and Law ~


ATLANTA, April 26 (Bernama-BUSINESS WIRE) -- upGrad, Asia’s higher EdTech leader in a most recent development, has joined forces with Golden Gate University - one of California's oldest private universities to launch 8 new online programs in the areas of Management and Law as a part of its initial expansion phase.

For the fourth consecutive year, Washington Monthly ranked Golden Gate University as America's #1 School for Adult Learners at 4-Year Colleges, in its annual College Guide and Rankings. GGU is also ranked amongst the Top 10% US Colleges by multiple publications.

The partnership will unlock and deepen upGrad’s accessibility into the local American markets while also expanding its international program portfolio for learners who are based out of diverse geographies. The curriculum will offer an in-depth subject understanding along with industry projects which shall remain at par with the international market and industry requirements. Other career service value additions like 1:1 mentorship and coaching and masterclasses have also been incorporated into the program curriculum to offer wholesome and outcome-driven learning.

Furthering its ambition, the global EdTech company and Golden Gate University are jointly awarding more than USD 100Mn scholarships; 5000+ students will be given a 70% scholarship on the tuition fee for these Bachelors, Masters & Doctorate programs.

A power-pack of 8 online programs in phase 1, upGrad and the Golden Gate University also aims to take a diversified route to create a mark with its learning content that is expected to be rolled out in foreign languages like Arabic, Vietnamese, Bahasa, and Spanish in the near future. “Golden Gate University has a 120+ years legacy of helping working adults achieve their career aspirations. With this alignment in vision, we are really excited to partner with GGU to offer globally accredited, high quality, low cost degree programs to thousands of learners globally," added Phalgun Kompalli, Co-Founder of upGrad.

"upGrad is one of the world's largest online higher education platforms and has always been a pioneer in creating world class learning experiences and outcomes for learners globally. GGU also has a rich history of being an innovator in higher education and we have always leveraged technology to provide better access and quality. upGrad was a natural partner of choice and we are excited to make a global impact with a strong portfolio of programs and with USD100M+ scholarships on offer," said Prof Brent White, Provost & VP Academic Affairs at Golden Gate University.

About upGrad

upGrad - started in 2015 is a pioneer in the online education revolution, focused on powering career success for a global workforce of over 1.3 billion. It is one of the few Integrated LifeLongLearning Tech Companies in the world - spanning the college learner to the working professional from the age group of 18-50 years and across Undergrad courses, Campus & Job Linked Programs, Studying Abroad, short form to executive programs to Degrees, Masters and Doctoral - with a learner base of over 2 million across 100+ countries and over 300 University partners and a robust enterprise business with a client base of 1000 companies worldwide.

upGrad’s Global Learning Engine rests on four pillars - (a) its large repository of original & owned content and IP, (b) its own best-in-class proprietary tech platform, (c) its high touch human-led delivery service backed by coaches & mentors, and (d) an 85% course completion track record, backed by a further 80% career outcomes guaranteed performance.

Already termed Asia’s higher EdTech leader it has offices in the UK, U.S., Middle East, India, Singapore & Vietnam, and with presence in many more countries.

About Golden Gate University

Golden Gate University, a private nonprofit university in the heart of San Francisco, empowers working adults to achieve their professional goals with nationally renowned undergraduate and graduate degrees and certificates. Founded in 1901, GGU has been a leader in online education for nearly three decades and Washington Monthly ranked GGU first on their list of Best Colleges for Adult Learners for four years in a row (2016, 2017, 2018, 2019). GGU’s primary campus is in downtown San Francisco, with teaching locations in Los Angeles, Seattle, and Silicon Valley. GGU is accredited by the American Bar Association (ABA) and the WASC Senior College and University Commission.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20220422005304/en/

Contact

upGrad | Neha Prasad | Asst. Manager – PR | neha.prasad@upgrad.com

Source : upGrad