BASINGSTOKE, England, May 31 (Bernama-BUSINESS WIRE) -- A new study from Juniper Research, the foremost experts in payments, has found that the value of digital prepaid card transactions will exceed $3.98 trillion globally by 2028, up from $528.7 billion in 2023.
Open-loop Prepaid Cards Drive Adoption
By 2028, the value of digital prepaid card transactions will represent just under 60% of total prepaid cards spend, up from 15% in 2023; demonstrating the rapid growth of digitisation. It also reflects the greater use of digitally issued open-loop prepaid cards as loyalty rewards; replacing more traditional gift cards. Open-loop systems, where payments can be made anywhere cards are accepted, will lead to an increasingly blurred line between prepaid cards and gift cards. This will make the much wider loyalty market increasingly addressable for prepaid card vendors, compared with the closed-loop system, where payments can only be made at specific vendors.
A digital prepaid card is a virtual form of a prepaid card that exists entirely in digital format and can be accessed through a mobile app or online platform.
Find out more about the new report, Prepaid Cards Market: Trends, Strategies & Market Forecasts 2023-2028, or download a free sample.
New Growth Markets for Digital Prepaid Cards
· The number of prepaid cards issued digitally is expected to surpass 940 million by 2028.
· Prepaid cards are highly appealing to the unbanked; offering the functionality of payment cards without the need of an account with a financial institution.
Financial inclusion remains a key issue for the millions of unbanked and underbanked across the world. However, advances in digitalisation, smartphone availability, and the ease with which vendors can now issue prepaid cards digitally and instantly, mean that financial inclusion is within near reach of a growing number of users.
Research co-author Nick Maynard explained: “Financial inclusion use cases can significantly accelerate the success of prepaid cards, but vendors must keep the costs very low to ensure prepaid cards remain competitive for these use cases versus mobile money apps or central bank digital currencies.”
View the Prepaid Cards Market research:
https://www.juniperresearch.com/researchstore/fintech-payments/prepaid-cards-research-report
Download the free sample:
https://www.juniperresearch.com/whitepapers/digitalisation-the-future-of-prepaid-cards
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and commentary.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20230530005017/en/
Contact
Sam Smith
Press Relations
T: +44(0)1256830002
E: sam.smith@juniperresearch.com
Source : Juniper Research
--BERNAMA
Wednesday 31 May 2023
EDUSITY LAUNCHES REDESIGNED LMS WITH FREE VERSION, REVOLUTIONIZING ONLINE LEARNING
MISSISSAUGA, Ontario, May 31 (Bernama-GLOBE NEWSWIRE) -- Edusity, a leading ed-tech company, has announced the launch of their redesigned Learning Management System (LMS), complete with a free version. This new LMS is a game-changer, providing access to high-quality e-learning tools for free. Edusity's LMS provides a dynamic learning experience that supports learners at every stage of their journey, making it the ideal platform for anyone looking to develop new skills or upskill in their current role.
The LMS comes with course authoring tools that allow educators to create and deliver interactive courses, giving learners the opportunity to collaborate with peers in a virtual classroom. The revamped integrated webinar tool features a user-friendly interface that offers intuitive navigation and easy access to features and educational resources.
"At Edusity, we believe that education should be accessible to everyone," said Edusity Co-Founder Arvind Betala. "Through our technical and strategic development, we have created a platform ready to deliver high-quality, fully secure, engaging learning experiences for everyone. Our new LMS puts that belief into action by providing a free version of our platform, making it easier for anyone to access high-quality e-learning tools. Learners can take advantage of a range of features that help them develop new skills, advance their careers, or pursue their passions.
The Edusity LMS is free for users to host and sell their courses. It includes a webinar tool so instructors can host live and recorded sessions. This creates new opportunities to expand education into new areas with students who need it most.
"Combining our in-house technological knowledge with the expertise of The Babb Group and Cudoo.com, we have been able to integrate best practices in instructional design and the rigorous standards of curriculum development into every aspect of our company culture," said Edusity Co-Founder Vishal Shah. "The result is a redesigned platform that supports engaged teaching and learning in every aspect."
About the Edusity Family of Companies
In addition to Edusity.com, the group includes educational consultancy The Babb Group, academic job search experts Professor Services and course outlet Cudoo.com. The Edusity family of companies is privately owned and has offices in Canada, the US, and Asia.
jeff.schenck@thebabbgroup.com
Source: Edusity
--BERNAMA
The LMS comes with course authoring tools that allow educators to create and deliver interactive courses, giving learners the opportunity to collaborate with peers in a virtual classroom. The revamped integrated webinar tool features a user-friendly interface that offers intuitive navigation and easy access to features and educational resources.
"At Edusity, we believe that education should be accessible to everyone," said Edusity Co-Founder Arvind Betala. "Through our technical and strategic development, we have created a platform ready to deliver high-quality, fully secure, engaging learning experiences for everyone. Our new LMS puts that belief into action by providing a free version of our platform, making it easier for anyone to access high-quality e-learning tools. Learners can take advantage of a range of features that help them develop new skills, advance their careers, or pursue their passions.
The Edusity LMS is free for users to host and sell their courses. It includes a webinar tool so instructors can host live and recorded sessions. This creates new opportunities to expand education into new areas with students who need it most.
"Combining our in-house technological knowledge with the expertise of The Babb Group and Cudoo.com, we have been able to integrate best practices in instructional design and the rigorous standards of curriculum development into every aspect of our company culture," said Edusity Co-Founder Vishal Shah. "The result is a redesigned platform that supports engaged teaching and learning in every aspect."
About the Edusity Family of Companies
In addition to Edusity.com, the group includes educational consultancy The Babb Group, academic job search experts Professor Services and course outlet Cudoo.com. The Edusity family of companies is privately owned and has offices in Canada, the US, and Asia.
jeff.schenck@thebabbgroup.com
Source: Edusity
--BERNAMA
Monday 29 May 2023
CLARITAS HEALTHTECH, PWC PARTNER TO DEPLOY MEDICAL IMAGING PLATFORMS
KUALA LUMPUR, May 29 (Bernama) -- Claritas HealthTech and PwC announced they will collaborate on the rollout, deployment and support of a suite of medical image enhancement and artificial intelligence (AI) diagnostic software products.
“This collaboration with PwC will accelerate our global deployment strategy and deliver significant benefits to clinicians across practice areas,” said Claritas Chief Executive Officer, Chetan Baxi in a statement.
Meanwhile, PwC Global Healthcare Leader, Anthony Bruce said PwC works with national and local healthcare providers to deliver real, workable solutions to today’s challenges.
“We are always excited to work with new technologies, like Claritas, which seek to address some of the key bottlenecks in healthcare,” added Bruce.
Claritas’ image enhancement and reconstruction software, namely iRAD and iPET, both United States Food and Drug Administration (FDA)-cleared, provide modality agnostic and cost-effective solutions to alleviate the pressure on the medical imaging and diagnostic ecosystems.
iRAD can be used to enhance magnetic resonance imaging (MRI), X-Ray and computerised tomography (CT) thereby improving first time reading, reducing the need for re-scans, and improving diagnostic accuracy.
In the meantime, iPET allows accelerated PET-CT/MRI acquisition while significantly reducing the amount of contrast dosage needed.
Aims to transform the diagnostics industry with powerful and effective software products, Claritas conducts research and development in the fields of image enhancement, machine vision and AI with a focus on medical image processing and AI-assisted interpretation and diagnostics.
-- BERNAMA
“This collaboration with PwC will accelerate our global deployment strategy and deliver significant benefits to clinicians across practice areas,” said Claritas Chief Executive Officer, Chetan Baxi in a statement.
Meanwhile, PwC Global Healthcare Leader, Anthony Bruce said PwC works with national and local healthcare providers to deliver real, workable solutions to today’s challenges.
“We are always excited to work with new technologies, like Claritas, which seek to address some of the key bottlenecks in healthcare,” added Bruce.
Claritas’ image enhancement and reconstruction software, namely iRAD and iPET, both United States Food and Drug Administration (FDA)-cleared, provide modality agnostic and cost-effective solutions to alleviate the pressure on the medical imaging and diagnostic ecosystems.
iRAD can be used to enhance magnetic resonance imaging (MRI), X-Ray and computerised tomography (CT) thereby improving first time reading, reducing the need for re-scans, and improving diagnostic accuracy.
In the meantime, iPET allows accelerated PET-CT/MRI acquisition while significantly reducing the amount of contrast dosage needed.
Aims to transform the diagnostics industry with powerful and effective software products, Claritas conducts research and development in the fields of image enhancement, machine vision and AI with a focus on medical image processing and AI-assisted interpretation and diagnostics.
-- BERNAMA
Friday 26 May 2023
PLANVIEW, NTT DATA TO DELIVER INNOVATIVE VALUE STREAM MANAGEMENT SOLUTION ENHANCING BUSINESS AGILITY
KUALA LUMPUR, May 26 (Bernama) -- Planview, the leading platform for connected work from portfolio planning to delivery, has announced a reseller agreement with NTT DATA, a global digital business and information technology (IT) services leader.
Featuring Planview Tasktop Hub and Planview Tasktop Viz, the company's Value Stream Management (VSM) solution is now available as part of NTT DATA’s global ecosystem of technology solutions, offering organisations improved time-to-market predictability and efficiency that unlocks capacity and de-risks strategic bets.
“Together with NTT DATA, our VSM solution gives business and technology leaders a single pane of glass, providing clear, simple visibility into fragmented delivery processes, and aligning work to business outcomes,” said Planview Chief Technology Officer and creator of the Flow Framework, Mik Kersten.
Meanwhile, Business Agility Enablement Leader at NTT DATA Services, Keith Buehlman said as the importance of digital experiences continues to rise, organisations are increasingly seeking a modern and scalable approach to enterprise transformation.
“Our partnership with Planview will enable us to tackle these challenges directly and help companies worldwide drive innovation, gain a competitive edge, and achieve revenue-generating outcomes,” added Buehlman.
Planview’s industry-leading VSM solution, paired with NTT DATA’s platform enablement, will accelerate an organisation’s ability to improve market response and predictability.
The Planview Tasktop Hub provides scalable, sophisticated real-time integrations to help technology leaders and their teams eliminate inefficiencies and enhance agility.
Meanwhile, with Planview Tasktop Viz, business and technology leaders are able to measure value streams together to uncover bottlenecks and address dependencies to become more efficient, predictable and profitable.
-- BERNAMA
Thursday 25 May 2023
CHRISTIE'S INTERNATIONAL REAL ESTATE RENEWS PARTNERSHIP WITH 2 AUSTRALIA’S TOP LUXURY BROKERS
KUALA
LUMPUR, May 25 (Bernama) -- Two of Australia’s top luxury real estate
brokers, Darren Curtis and Sean Cussell, have renewed and extended their
partnership with the Christie’s International Real Estate global luxury
real estate brand in a bid to capitalise on the nation’s growing
high-end property market and increased demand from foreign investors.
The
two entrepreneurs own separate but strategically aligned brokerage
firms, which have rebranded under the Christie’s International Real
Estate name to better reflect their affiliation with the network.
Previously, they were known as Prestige Homes of Australia.
“Sean
and Darren are two of Australia’s most respected names in luxury real
estate. Their unparalleled expertise in their respective markets, along
with the collaboration that comes from working together under the
Christie’s International Real Estate umbrella, will strengthen the brand
in Australia and set the stage for future growth,” said Christie’s
International Real Estate managing director in EMEA and APAC, Helena de
Forton.
Curtis owns Christie’s International Real Estate Sydney,
which serves New South Wales, and is also expanding his territory to
introduce the Christie’s International Real Estate brand in the state of
Queensland, while Cussell runs Christie’s International Real Estate
Victoria, based in South Yarra and primarily focused on greater
Melbourne.
According to a statement, both gentlemen are
responsible for selling some of Australia’s highest-priced homes and,
between them, currently hold price records for the top residential sale
in 26 separate neighbourhoods.
Curtis recently sold a waterfront
property for AUD$13.5 million that set the sales record in the Sydney
suburb of Greenwich, as well as an AUD$11.5 million, 11-acre estate just
outside of Sydney. (AUD$1=RM3.02)
In the meantime, Cussell sold
an AUD$30 million penthouse in one of Melbourne’s Bayside suburbs, as
well as an AUD$8.2 million estate in the Melbourne suburb of Wonga Park,
a record for that municipality.
As exclusive affiliates of
Christie’s International Real Estate, the brokerages benefit from
industry-leading marketing and technology, national and international
exposure for listings, and a connection to the iconic Christie’s auction
house, for the referral of art and luxury goods.
Christie’s
International Real Estate’s growth in Australia is the latest step for
the global luxury network, which has been rapidly adding and expanding
territory. Over the past year, it has signed on more than two dozen
affiliates, including leading firms in the United Kingdom, France,
Germany, Italy and Estonia.
-- BERNAMA
SET SAIL TO ADVENTURE IN CAT QUEST: PIRATES OF THE PURRIBEAN, 2024
KUALA LUMPUR, May 25 (Bernama) -- Developer The Gentlebros and publisher Kepler Interactive announced the return of an epic feline adventure in Cat Quest: Pirates of the Purribean, next year.
It is the latest installment in the million-selling series coming to PS5, PS4, Nintendo Switch, Xbox Series X|S, Xbox One and Personal Computer (PC) (via STEAM).
In “Cat Quest: Pirates of the Purribean”, users will take on the role of a swashbuckling ‘purrivateer’ as they embark across a 2.5D pirate-themed, open world.
“In an archipelago swarming with pesky ‘Pi-rats’ searching for the Northern Star, a long-lost mythical treasure, you will take to your very own ship to traverse the dangerous seas and seamlessly zip between the waves and the shore.
“Either as a solo adventurer, or alongside a friend in local co-op, the Purribean is filled with varied dungeons and ‘paw-geous’ biomes to explore freely,” said Kepler Interactive in a statement.
From firing cannonballs to shooting elemental shells, users’ own pirate ship will be equipped with all the best pirate-worthy tools to defeat even the most ‘furr-orocious’ foes.
Back on land, users can master the game’s newly refined combat system to prevail over the ‘Pi-rat’ hoards scurrying in every corner of the archipelago.
Headquartered in London, Kepler Interactive is a developer and publisher that operates on a co-ownership model. Its partner studios include A44 Games in New Zealand; Alpha Channel and Timberline in North America; Awaceb, Ebb Software and Sloclap in Europe; and Shapefarm in Asia.
Meanwhile, The Gentlebros is an award-winning Singapore-based studio and creators of the million-selling Cat Quest series across PC, consoles and mobile.
-- BERNAMA
It is the latest installment in the million-selling series coming to PS5, PS4, Nintendo Switch, Xbox Series X|S, Xbox One and Personal Computer (PC) (via STEAM).
In “Cat Quest: Pirates of the Purribean”, users will take on the role of a swashbuckling ‘purrivateer’ as they embark across a 2.5D pirate-themed, open world.
“In an archipelago swarming with pesky ‘Pi-rats’ searching for the Northern Star, a long-lost mythical treasure, you will take to your very own ship to traverse the dangerous seas and seamlessly zip between the waves and the shore.
“Either as a solo adventurer, or alongside a friend in local co-op, the Purribean is filled with varied dungeons and ‘paw-geous’ biomes to explore freely,” said Kepler Interactive in a statement.
From firing cannonballs to shooting elemental shells, users’ own pirate ship will be equipped with all the best pirate-worthy tools to defeat even the most ‘furr-orocious’ foes.
Back on land, users can master the game’s newly refined combat system to prevail over the ‘Pi-rat’ hoards scurrying in every corner of the archipelago.
Headquartered in London, Kepler Interactive is a developer and publisher that operates on a co-ownership model. Its partner studios include A44 Games in New Zealand; Alpha Channel and Timberline in North America; Awaceb, Ebb Software and Sloclap in Europe; and Shapefarm in Asia.
Meanwhile, The Gentlebros is an award-winning Singapore-based studio and creators of the million-selling Cat Quest series across PC, consoles and mobile.
-- BERNAMA
Skyline Robotics Awarded First Patent for Its Robotic Window-Cleaning System
Singapore becomes first jurisdiction globally to validate Skyline’s innovation
NEW YORK & SINGAPORE, May 25 (BUSINESS WIRE) -- Skyline Robotics, developers of OZMO, the world’s first high-rise window-cleaning robot, today announced the company has received its first patent for its robotic window-cleaning system. The patent, awarded by Singapore, includes the design of the system as well as how the system operates. Skyline has filed its patent in nine jurisdictions globally, with Singapore being the first to independently evaluate and validate the company’s innovations.
“As this is our first patent awarded, it is a big milestone related to the uniqueness of our technology,” said Michael Brown, CEO & chairman, Skyline Robotics. “It also means our method of implementation will now be protected, starting in Singapore, with the belief that more patent awards will be coming on a global scale. This is a foundational proof that our team, our company provides innovation in a way that others never have.”
Skyline Robotics’ first patent comes as the company is in the midst of a global expansion. The first Ozmo robots have been deployed in New York City in partnership with Platinum, Inc. where Skyline has already performed work at 10 Hudson Yards, 383 Madison, 825 3rd Avenue, and 7 World Trade Center. Moving forward, Skyline aims to bring Ozmo to buildings across the world.
“Skyline’s advancements in automated window cleaning are having a transformational effect on the entire window washing industry,” said James Halpin, CEO, Platinum. “From New York City to other leading cities around the globe, the company is using artificial intelligence to manage facade health while making the industry safer.”
Skyline’s flagship robot, OZMO, combines artificial intelligence, machine learning and computer vision with advanced robotics and sensors to tackle some of the most pressing industry challenges including labor shortages and worker safety. With OZMO, window washing can be performed up to three times faster than humans, without putting workers at risk. Additionally, as OZMO is operated by humans, it is not replacing human window washers, but is accelerating a future where humans and robots work together. The result is a smarter, faster, safer, and more economical alternative to human window washers.
For more information on Skyline Robotics, visit skylinerobotics.com.
About Skyline Robotics
Skyline Robotics is a deep tech robotics and automation company. Its flagship product, Ozmo, the world’s first high-rise window cleaning robot, is disrupting the $40B window cleaning industry as a safer, more efficient, and more effective alternative to humans. Skyline Robotics believes that people are more than robots and that is why—starting with window cleaning—it aims to automate all types of work at heights. For more information, visit skylinerobotics.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230522005168/en/
Contact
Donna Loughlin Michaels
408.393.5575
donna@lmgpr.com
Source : Skyline Robotics
NEW YORK & SINGAPORE, May 25 (BUSINESS WIRE) -- Skyline Robotics, developers of OZMO, the world’s first high-rise window-cleaning robot, today announced the company has received its first patent for its robotic window-cleaning system. The patent, awarded by Singapore, includes the design of the system as well as how the system operates. Skyline has filed its patent in nine jurisdictions globally, with Singapore being the first to independently evaluate and validate the company’s innovations.
“As this is our first patent awarded, it is a big milestone related to the uniqueness of our technology,” said Michael Brown, CEO & chairman, Skyline Robotics. “It also means our method of implementation will now be protected, starting in Singapore, with the belief that more patent awards will be coming on a global scale. This is a foundational proof that our team, our company provides innovation in a way that others never have.”
Skyline Robotics’ first patent comes as the company is in the midst of a global expansion. The first Ozmo robots have been deployed in New York City in partnership with Platinum, Inc. where Skyline has already performed work at 10 Hudson Yards, 383 Madison, 825 3rd Avenue, and 7 World Trade Center. Moving forward, Skyline aims to bring Ozmo to buildings across the world.
“Skyline’s advancements in automated window cleaning are having a transformational effect on the entire window washing industry,” said James Halpin, CEO, Platinum. “From New York City to other leading cities around the globe, the company is using artificial intelligence to manage facade health while making the industry safer.”
Skyline’s flagship robot, OZMO, combines artificial intelligence, machine learning and computer vision with advanced robotics and sensors to tackle some of the most pressing industry challenges including labor shortages and worker safety. With OZMO, window washing can be performed up to three times faster than humans, without putting workers at risk. Additionally, as OZMO is operated by humans, it is not replacing human window washers, but is accelerating a future where humans and robots work together. The result is a smarter, faster, safer, and more economical alternative to human window washers.
For more information on Skyline Robotics, visit skylinerobotics.com.
About Skyline Robotics
Skyline Robotics is a deep tech robotics and automation company. Its flagship product, Ozmo, the world’s first high-rise window cleaning robot, is disrupting the $40B window cleaning industry as a safer, more efficient, and more effective alternative to humans. Skyline Robotics believes that people are more than robots and that is why—starting with window cleaning—it aims to automate all types of work at heights. For more information, visit skylinerobotics.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230522005168/en/
Contact
Donna Loughlin Michaels
408.393.5575
donna@lmgpr.com
Source : Skyline Robotics
INDEGENE EXPANDS PARTNERSHIP WITH CONTIPI MEDICAL LTD TO MANAGE PELVIC ORGAN PROLAPSE IN WOMEN WORLDWIDE
PRINCETON, N.J. and ISRAEL, May 25 (GLOBE NEWSWIRE) -- Indegene, a digital-first, life sciences commercialization company announced today that it will be expanding its partnership with ConTIPI Medical Ltd, an innovator in the field of providing non-surgical and disposable solutions for women with various pelvic floor disfunctions, to bring a new device to the market.
ConTIPI Medical’s mission is to help women suffering from Pelvic Organ Prolapse (POP). The US FDA states that POP occurs when the pelvic floor’s tissues and muscles can no longer support its organs which causes a drop or prolapse of the pelvic organs. Approximately 54 million American women over 20 years old suffer from POP1. The current treatment methods include largely either invasive surgery with up to a 30% failure rate or the use of non-invasive pessaries which currently require a physician’s care to insert and remove and are associated with various adverse events.
ConTIPI’s ProVate is a ready-to-use device that is inserted vaginally by the user thanks to an easy-to-use applicator, very similar to a menstrual tampon. This innovation empowers women to take control over their own treatment. The device has a 510(k) clearance from the FDA for marketing in the USA and has been granted the CE mark for marketing in Europe.
ConTIPI’s expanded agreement with Indegene includes several services across the commercialization process, including sales, PRMA (pricing, reimbursement and market access), medical affairs, medical communications, pharmacovigilance, regulatory, marketing and commercial operations support. Indegene will work with ConTIPI to drive revenue and ensure predictable cash outflow.
Indegene’s data-driven omnichannel marketing solution has been known to generate a greater impact than field sales representatives alone, resulting in better customer experiences at a fraction of the cost of the traditional model. Using proprietary artificial intelligence (AI) and health care provider (HCP) data to expertly segment and target HCPs, Indegene helps clients deploy the most effective and efficient curated sales and marketing strategies. The algorithm can learn from HCP interactions and adapts in real-time to deliver content that ultimately drives a change in the prescribing behavior.
“We are thrilled to introduce ProVate to women suffering from POP as this device will make it possible for them to take control of their own healthcare,” said Dr. Elan Ziv, CEO & Medical Director at ConTIPI Medical. “We have worked with Indegene to help us navigate the complex process from product innovation to patient adoption, and we are excited to continue to partner throughout this commercialization journey. At ConTIPI, we take pride in our Urogynecology expertise and innovation capabilities. It is great to have a partner like Indegene to help us focus on our strengths, while enabling us to get our innovation in the hands of the women who need this treatment.”
“We believe this unique device has the potential to change the POP market, and we are proud to partner further with ConTIPI Medical to bring relief and independence to millions of women,” said Timothy Moore, Senior Vice President of Emerging Biotech and Key Accounts at Indegene. “The ability to deploy Indegene’s range of digital-first, data-backed solutions will play a large role in the pre-launch preparation of this commercialization journey, and together we will seek to enable ConTIPI to immediately tap into the proven market access, sales force effectiveness and medical commercialization operations critical to a successful launch. We bring the experience of working with 19 of the top 20 global pharmaceutical companies to ConTIPI. With this joint commercialization agreement, we will continue to offer ConTIPI the exceptional strategic advantage and services that industry leaders have come to trust from Indegene.”
Capital IP Investment Partners and Ghost Tree Partners have invested in helping ConTIPI Medical to bring this new technology to the market. Bourne Partners served as the exclusive financial advisor to ConTIPI Medical.
About ConTIPI Medical Ltd
ConTIPI Medical, and its associate company ConTIPI Limited, both located at the Caesarea Industrial Park in Israel, provide non-surgical and disposable vaginal solutions for women with various Pelvic Floor Disorders. ConTIPI’s previous device for stress urinary incontinence, the Impressa device, was acquired by Kimberly Clark Worldwide and is available for sale. For more information, please visit www.contipi.com
About Indegene
We are a digital-first, life sciences commercialization company. We help biopharmaceutical, emerging biotech and medical device companies develop products, get them to the market, and grow their impact through the life cycle in a more effective, efficient, and modern way. We bring together healthcare domain expertise, fit-for-purpose technology, and an agile operating model to provide a diverse range of solutions. These aim to deliver, amongst other outcomes, a personalized, scalable and omnichannel experience for patients and physicians. It’s what drives our team and our purpose to enable healthcare organizations to be future ready. To learn more, please visit www.indegene.com
For media inquiries, please contact:
Yadunandan K V | yadunandan.kv@indegene.com
1Trinity Partners Inc. Boston, MA, USA, August 2015
Source: Indegene Inc
ConTIPI Medical’s mission is to help women suffering from Pelvic Organ Prolapse (POP). The US FDA states that POP occurs when the pelvic floor’s tissues and muscles can no longer support its organs which causes a drop or prolapse of the pelvic organs. Approximately 54 million American women over 20 years old suffer from POP1. The current treatment methods include largely either invasive surgery with up to a 30% failure rate or the use of non-invasive pessaries which currently require a physician’s care to insert and remove and are associated with various adverse events.
ConTIPI’s ProVate is a ready-to-use device that is inserted vaginally by the user thanks to an easy-to-use applicator, very similar to a menstrual tampon. This innovation empowers women to take control over their own treatment. The device has a 510(k) clearance from the FDA for marketing in the USA and has been granted the CE mark for marketing in Europe.
ConTIPI’s expanded agreement with Indegene includes several services across the commercialization process, including sales, PRMA (pricing, reimbursement and market access), medical affairs, medical communications, pharmacovigilance, regulatory, marketing and commercial operations support. Indegene will work with ConTIPI to drive revenue and ensure predictable cash outflow.
Indegene’s data-driven omnichannel marketing solution has been known to generate a greater impact than field sales representatives alone, resulting in better customer experiences at a fraction of the cost of the traditional model. Using proprietary artificial intelligence (AI) and health care provider (HCP) data to expertly segment and target HCPs, Indegene helps clients deploy the most effective and efficient curated sales and marketing strategies. The algorithm can learn from HCP interactions and adapts in real-time to deliver content that ultimately drives a change in the prescribing behavior.
“We are thrilled to introduce ProVate to women suffering from POP as this device will make it possible for them to take control of their own healthcare,” said Dr. Elan Ziv, CEO & Medical Director at ConTIPI Medical. “We have worked with Indegene to help us navigate the complex process from product innovation to patient adoption, and we are excited to continue to partner throughout this commercialization journey. At ConTIPI, we take pride in our Urogynecology expertise and innovation capabilities. It is great to have a partner like Indegene to help us focus on our strengths, while enabling us to get our innovation in the hands of the women who need this treatment.”
“We believe this unique device has the potential to change the POP market, and we are proud to partner further with ConTIPI Medical to bring relief and independence to millions of women,” said Timothy Moore, Senior Vice President of Emerging Biotech and Key Accounts at Indegene. “The ability to deploy Indegene’s range of digital-first, data-backed solutions will play a large role in the pre-launch preparation of this commercialization journey, and together we will seek to enable ConTIPI to immediately tap into the proven market access, sales force effectiveness and medical commercialization operations critical to a successful launch. We bring the experience of working with 19 of the top 20 global pharmaceutical companies to ConTIPI. With this joint commercialization agreement, we will continue to offer ConTIPI the exceptional strategic advantage and services that industry leaders have come to trust from Indegene.”
Capital IP Investment Partners and Ghost Tree Partners have invested in helping ConTIPI Medical to bring this new technology to the market. Bourne Partners served as the exclusive financial advisor to ConTIPI Medical.
About ConTIPI Medical Ltd
ConTIPI Medical, and its associate company ConTIPI Limited, both located at the Caesarea Industrial Park in Israel, provide non-surgical and disposable vaginal solutions for women with various Pelvic Floor Disorders. ConTIPI’s previous device for stress urinary incontinence, the Impressa device, was acquired by Kimberly Clark Worldwide and is available for sale. For more information, please visit www.contipi.com
About Indegene
We are a digital-first, life sciences commercialization company. We help biopharmaceutical, emerging biotech and medical device companies develop products, get them to the market, and grow their impact through the life cycle in a more effective, efficient, and modern way. We bring together healthcare domain expertise, fit-for-purpose technology, and an agile operating model to provide a diverse range of solutions. These aim to deliver, amongst other outcomes, a personalized, scalable and omnichannel experience for patients and physicians. It’s what drives our team and our purpose to enable healthcare organizations to be future ready. To learn more, please visit www.indegene.com
For media inquiries, please contact:
Yadunandan K V | yadunandan.kv@indegene.com
1Trinity Partners Inc. Boston, MA, USA, August 2015
Source: Indegene Inc
Wednesday 24 May 2023
Representatives Tap Various Opportunities At Jiangmen Conference
KUALA LUMPUR, May 23 (Bernama) -- The 2023 Overseas Chinese Guangdong-Hong Kong-Macao Greater Bay Area Conference (OCBC) with attendance of over 700 representatives of overseas Chinese from 90 countries and regions, was recently held in Jiangmen, in southern China's Guangdong province.
The representatives include more than 100 overseas Chinese youth, gathered to observe the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and tap the opportunities for business, investment, employment and education.
Organised by the People's Government of Jiangmen Municipality, the conference saw one in-person main venue in Jiangmen and 12 online branch venues in 11 countries and regions on five continents.
The OCBC also witnessed the signing ceremony of hiring overseas Chinese advisors to contribute to Guangdong's high-quality development, donation project of seedings for green and beautiful Guangdong, and cooperation projects of Chinese language education.
Besides, a promotion of the 11 GBA cities, field studies, and four parallel sessions were held, which revolve around establishing overseas Chinese organisations, developing overseas Chinese youth, Chinese language education and Chinese language media.
According to a statement, over 100 overseas Chinese youth representatives were invited to share their future outlook and aspirations as well as cultivate local traditions and culture, for the sustainable development of the overseas Chinese community.
Undertaking the conference, Jiangmen also launched the 2023 China (Jiangmen) Overseas Chinese Carnival in the ancient town of Chikan, Kaiping, showcasing intangible cultural heritage such as Pancun Lantern Festival, Lion Dance, and Wing Chun.
Last year, Jiangmen built the first service centre and platform to facilitate overseas Chinese investment and taxation, offshore public legal service centre and online notarisation service for overseas Chinese, among others.
The Jiangmen Center of Shenzhen Court of International Arbitration was also established to provide efficient and convenient international arbitration services for overseas Chinese.
-- BERNAMA
TRICENTIS UNVEILS QUALITY ENGINEERING COMMUNITY SHIFTSYNC
KUALA LUMPUR, May 24 (Bernama) – Tricentis, a global leader in continuous testing and quality engineering, has launched ShiftSync, a new online community dedicated to quality engineering and open to all industry professionals interested in applying quality engineering best practices throughout the software development lifecycle.
ShiftSync is designed to foster a dynamic and engaging learning space for developers, testers, executives, and industry leaders, driving collaboration and lowering the quality engineering barrier to entry for the software development community.
“We want this community to be a resource for quality champions around the globe to enhance their overall software development lifecycle, including building high-functioning development teams, optimising code writing, improving performance, and delivering secure and high-quality software,” said Tricentis Chief Marketing Officer, Darren Beck.
Meanwhile, a contributor to the ShiftSync community, and an Independent Test Automation Consultant and Trainer on OnTestAutomation, Bas Dijkstra said: “ShiftSync is a place where quality advocates can gather and share their viewpoints and learnings on testing, automation and quality engineering in a collaborative space.”
According to Tricentis in a statement, members can ask questions, share ideas, learn new techniques, and connect with other quality champions and industry experts across industries and from around the world.
Offering more than just content, the community invites members to earn points and badges by participating in challenges and missions led by industry experts to track their learning progress.
They can connect with peers via user groups and roundtables to build personal connections and knowledge as well as be front row to hear Tricentis experts speak on latest innovations and best practices.
-- BERNAMA
NX INDIA CONSTRUCTS, DONATES SCHOOL BUILDING IN KARNATAKA STATE
KUALA LUMPUR, May 24 (Bernama) -- Nippon Express (India) Private Limited (NX India) has constructed a school building and toilets for a government high school in Thoranagatte Village, Davanagere District, Karnataka State.
According to a statement, the donation to the school and a handover ceremony took place on March 17.
A group company of Nippon Express Holdings Inc, NX India has been actively involved in corporate social responsibility (CSR) efforts to promote education in various regions in India.
The donation of the school building is also intended to support the development of human resources who will lead India in the future and to contribute to social development by providing children in rural areas with better educational opportunities and environments.
This government high school corresponds to a junior high school and high school in Japan, which enrolled 276 children. The donated school building is a one-story structure with three classrooms, offering these children a hygienic and clean learning environment.
The Nippon Express Group will continue fulfilling its social development responsibilities by connecting people, companies, and communities and will actively engage in further social contribution activities to help bring about sustainable societies.
-- BERNAMA
Tuesday 23 May 2023
OMRON HEALTHCARE MARKS 50 YEARS HISTORY OF BLOOD PRESSURE MONITOR
KUALA LUMPUR, May 23 (Bernama) -- OMRON Healthcare Co Ltd announced the celebration of its 50th anniversary in blood pressure monitor production this year, since the introduction of its first manual and manometer-type blood pressure monitor in 1973.
The company has continuously improved and produced accurate and user-friendly blood pressure monitors, with over 350 million units sold in more than 110 countries worldwide, to date.
“This year, we are celebrating the 50th anniversary of the launch of OMRON blood pressure monitors. On this occasion, I would like to express my heartfelt appreciation to all our valued customers for their continuing support of our blood pressure monitors.
“Going forward, we will continue contributing to extending healthy life expectancy for people around the world by introducing devices and services tailored to solving health-related issues,” said its President and Chief Executive Officer, Ayumu Okada in a statement.
OMRON Healthcare has always believed in the importance of home blood pressure monitoring, even when blood pressure readings could only be obtained at medical facilities.
It has been focusing on enhancing usability and measurement accuracy by expanding the range of support functions to ensure that the user maintains the correct measurement posture.
In addition, the company has worked to raise awareness of the importance of home blood pressure monitoring among medical professionals by developing and distributing the accurate and clinically validated devices.
In 2020, it launched a remote patient monitoring service in the United States, enabling users to share their blood pressure readings at home with physicians, promoting cardiovascular disease management before it worsens.
OMRON Healthcare has expanded its business scope by manufacturing and distributing a range of products and services that support hypertension treatments, while also committed to developing innovative devices.
-- BERNAMA
FUZHOU HOSTS SECOND ASEAN-CHINA ONLINE INFLUENCERS CONFERENCE FOCUSING ON DIGITAL ECONOMY
KUALA LUMPUR, May 23 (Bernama) – The Second ASEAN-China Online Influencers Conference brought together over 60 distinguished guests, including diplomatic envoys, online influencers and media representatives from the 10 ASEAN countries .
Themed “Meet in the Blessed Land across Mountains and Seas”, the event was held in Fuzhou, China on May 19, and was live-streamed and watched by over 14 million people, according to China Public Diplomacy Association in a statement.
The conference focused on digital economy, culture and tourism, and influencer economy, with an aim of sharing the achievements of China-ASEAN cooperation and discussing future cooperation and development.
During a roundtable forum, diplomatic envoys from China and ASEAN countries, as well as online influencers, shared and exchanged views on the three topics namely, “Decade of Prosperity”, “Envoys of Cultural Exchanges” and “Shared Opportunities in the Digital Era”.
In addition, this event also aims to further strengthen economic and trade development, and people-to-people and cultural exchanges between China and ASEAN countries, and promote China-ASEAN cooperation to a new level.
This event was co-hosted by China Public Diplomacy Association, ASEAN-China Center, Global Times Online, Fujian Provincial Department of Commerce, The Foreign Affairs Office of Fujian Provincial People’s Government and Fuzhou Gucuo Group Co Ltd.
-- BERNAMA
Friday 19 May 2023
APR RECORD-HIGH Q1 PERFORMANCE PROVES ITS "GLOBAL BEAUTY TECH" COMPANY STATUS
KUALA LUMPUR, May 18 (Bernama) -- APR Corp (APR), a global beauty tech company, announced it posted a fresh record high operating profit and profit rate of 122.2 billion Korean won in sales, a 60 per cent increase year-on-year and 23.2 billion Korean won in operating profit, the highest ever in its history, in the first quarter (Q1) of 2023. (1,000 Korean won = RM3.39)
The most notable aspect of its quarterly performance is the record-high operating profit. Operating profit in Q1 2023 was 11.8 per cent higher than 20.7 billion Korean won in Q4 2022 when it reported quarterly operating profit in the 20 billion Korean won range for the first time.
In a statement, APR said its quarterly operating profit improved both in qualitative and quantitative terms, with operating margin in Q1 2023 came to as high as 19.0 per cent, higher than Q4 2022, which had been the highest on record.
Its Chief Executive Officer, Byunghoon Kim said: “We, as a beauty tech company, were able to produce the record quarterly performance yet again thanks to the solid growth of our cosmetics and beauty devices. We will achieve the business valuation of trillion won range and successfully lead the market listing process by maintaining our high growth.”
The beauty sector, the biggest contributor to the quarterly performance, recorded 99.2 billion Korean won in sales, growing 92.5 per cent from the same period in 2022. The concurrent growth of cosmetics and beauty devices is also noticeable.
A beauty device, “MEDICUBE AGE-R”, demonstrated great popularity as it sold over 250,000 units in Q1 alone. MEDICUBE cosmetics, such as “ZERO PORE PAD” and “COLLAGEN LINE”, led APR’s growth in Q1 by recording a 35 per cent increase in sales on-year. Moreover, other beauty brands, including “APRILSKIN” and “FORMENT”, succeeded in branding and contributed to the growing trend.
The overseas performance also played a noticeable role in the results with APR’s overseas sales in Q1 came to 38.1 billion Korean won, up 37.1 per cent on-year.
APR’s performance in Q1 2023 is expected to serve as a positive factor for the company’s business valuation in the trillion won range as it resulted from its accomplishment to maintain a high growth trend.
The company reported 700 billion Korean won in its valuation last year through a pre-initial public offering (IPO) before the annual performance disclosure, planning to accelerate its establishment as a global beauty tech company, as well as achieve sustainable growth and a successful IPO.
It is also committed to developing new technologies and products, securing production capacity, and carving out the overseas market through the ADC (APR Device Center), a research and development (R&D) centre and a beauty device research subsidiary opened in January this year.
-- BERNAMA
Thursday 18 May 2023
TDCX CONTINUES GLOBAL EXPANSION WITH 29TH CAMPUS IN BRAZIL
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| Employees at TDCX Brazil campus have monthly catchups with the management team over a meal or panel discussion to stay informed about the company’s goals and objectives. They are also often involved in team-building activities such as problem-solving competitions and fun karaoke sessions. (Photo: Business Wire) |
KUALA LUMPUR, May 18 (Bernama) -- Singapore-headquartered TDCX, a digital customer experience (CX) solutions provider for technology and blue-chip companies, has launched its 29th campus in São Paulo, Brazil.
The new campus houses a team of 120 multilingual CX specialists who provide world-class player support on behalf of one of the world’s biggest video game developer, publisher and esports tournament organiser.
The Brazil campus is the latest in a series of geographic expansions by TDCX, which complements the company’s existing campus in Colombia and strengthens its ability to support client needs in North and Latin America.
In a statement, TDCX said it has opened campuses in Colombia, Romania, South Korea, Türkiye and Vietnam, over the last three years, deepening its coverage for clients.
“Brazil offers many advantages as a delivery centre location. Through our campus here, we will be able to provide strong support for international clients across North and Latin America. We will also be able to tap the local workforce, which is highly skilled and tech-savvy.
“The launch of our campus in Brazil is another example of our commitment to continue investing in our capabilities and geographic reach to enhance our offerings to our clients,” said TDCX Founder and Chief Executive Officer, Laurent Junique.
TDCX has been growing from strength to strength in the gaming vertical with its revenue from the gaming segment in financial year ending 2022 increased by 71 per cent year-on-year.
By establishing a campus in Brazil, the company has been able to expand its scope for a key gaming client. It now supports the client’s operations globally through its sites in Brazil, Japan, Korea, Malaysia, Türkiye and Vietnam.
Fitted with a multipurpose space to promote greater well-being among employees, the Brazil campus is furnished with cozy couches, foosball and ping pong tables, background music, and complimentary snacks and beverages, whereby employees have various breakout spaces to unwind and to bond with their colleagues.
-- BERNAMA
TOSHIBA LAUNCHES SMALL, THIN COMMON-DRAIN MOSFET FOR USE IN BATTERY PROTECTION CIRCUITS
KUALA LUMPUR, May 18 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched “SSM14N956L”, a 12V common-drain N-channel MOSFET with a current rating of 20A, for use in battery protection circuits in lithium-ion (Li-ion) battery packs, such as those for mobile devices.
Li-ion battery packs rely on highly robust protection circuits to reduce heat generation while charging and discharging as well as to enhance safety.
These circuits must feature low power consumption and high-density packaging, requiring MOSFETs that are small and thin and that deliver low On-resistance.
The new product uses Toshiba’s micro-process, ensuring both low power loss, due to industry-leading low On-resistance characteristics, and low standby power, realised by industry-leading low gate-source leakage current characteristics.
According to Toshiba in a statement, these qualities help to extend battery operating hours.
It can be used in consumer electronics and office as well as personal devices with a Li-ion battery pack, including smartphones, tablets, power banks, wearable devices, game consoles and compact digital cameras.
Toshiba will continue to develop MOSFET products for protection circuits in devices powered by Li-ion battery packs.
-- BERNAMA
WOMEN'S ENTREPRENEURSHIP ACCELERATOR EVENT AT 67TH SESSION OF THE COMMISSION ON THE STATUS OF WOMEN CALLS FOR GENDER-INCLUSIVE DIGITAL INNOVATION ECO-SYSTEMS
The Women’s Entrepreneurship Accelerator (WEA) is a multi-stakeholder partnership on women’s entrepreneurship established during UNGA 74. It convenes six UN agencies, International Labour Organization (ILO), International Trade Centre (ITC), International Telecommunication Union (ITU), United Nations Development Programme (UNDP), UN Global Compact (UNGC), UN Women and Mary Kay Inc. to empower 5 million women entrepreneurs by 2030. (Credit: WEA)
High-level multi-stakeholder event on unlocking the potential of women entrepreneurs to innovate in the digital economy as prelude to the announcement of the top three winners of the WEA Digital Innovation Challenge
NEW YORK & GENEVA, May 18 (Bernama-BUSINESS WIRE) -- Leveraging the theme of this year’s Commission on the Status of Women (CSW67) on innovation and technology from a gender perspective, the Women’s Entrepreneurship Accelerator (WEA) CSW side-event, hosted at MetLife’s headquarters in New York City, brought together a high-level panel of experts. Senior representatives of WEA partner agencies, representatives from the private sector, and civil society discussed ways to build a more gender-responsive eco-system for women entrepreneurs so they can participate and compete in the digital economy. Speakers identified WEA as a critical multi-stakeholder solution to address the bottlenecks to women entrepreneurship.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230517005570/en/
Addressing the role of innovation and technology from a gender lens for the first time since its inception, the set of agreed conclusions adopted by Member States at CSW67 provide best practice guidance for stakeholders, including governments, the private sector and civil society. This guidance aims to promote the full and equal participation and leadership of women and girls in the design and rollout of digital technologies and innovation processes.
Panelists focused on:
Panelists focused on:
- the critical importance of women’s entrepreneurship as a key driver of innovation in addressing societal challenges, and;
- the contribution women entrepreneurs make to economic growth and poverty reduction.
The barriers faced by women entrepreneurs in growing their business and getting their products and services to market were also highlighted which include:
- a lack of access to capital, unequal social norms, lack of connectivity, and time and skills constraints, all of which hamper their ability to compete in the digital marketplace.
Digitalization as a critical enabler for women entrepreneurs and the role of digital technologies in supporting women businesses during the pandemic were underscored, as well as the fallout from the pandemic on women’s labor market participation and women’s rights at large.
The importance of creating a strong eco-system for women entrepreneurs to compete and scale their business was central to the discussion. Panelists representing different sectors of the eco-system pointed to WEA as an exceptional turn-key platform that is working to address the obstacles to women’s entrepreneurship through the partnership of the private sector and six unique UN agencies.
The WEA event was also an opportunity to announce the winners of WEA’s Digital Innovation Challenge.
An initiative of WEA and conducted by ITU in collaboration with Mary Kay, the objective of the Challenge is to build an enabling context for women entrepreneurs by addressing the barriers to women’s entrepreneurship, including the digital gender divide, complementing the theme of this year’s CSW67 on innovation and technology from a gender perspective.
Launched in December 2022 at the global headquarters of WEA partner International Telecommunication Union in Geneva, the WEA Digital Innovation Challenge received 250 submissions from companies in 54 countries either owned by women or with a minimum of one-woman founder each with their unique digital solution aimed at driving socio-economic benefits in their communities. In alignment with the ITU’s Innovation and Entrepreneurship Alliance for Digital, the objective of the Challenge is to showcase what an emerging eco-system of digital innovators looks like and build an enabling context for women entrepreneurs to participate in the digital economy.
The 10 winners of the Challenge were invited to present their two-minute live pitch before an expert Grand Jury at the CSW event comprised of investors and cross-sectoral representatives who each provided their unique insights.
Grand Jury Members included:
The importance of creating a strong eco-system for women entrepreneurs to compete and scale their business was central to the discussion. Panelists representing different sectors of the eco-system pointed to WEA as an exceptional turn-key platform that is working to address the obstacles to women’s entrepreneurship through the partnership of the private sector and six unique UN agencies.
The WEA event was also an opportunity to announce the winners of WEA’s Digital Innovation Challenge.
An initiative of WEA and conducted by ITU in collaboration with Mary Kay, the objective of the Challenge is to build an enabling context for women entrepreneurs by addressing the barriers to women’s entrepreneurship, including the digital gender divide, complementing the theme of this year’s CSW67 on innovation and technology from a gender perspective.
Launched in December 2022 at the global headquarters of WEA partner International Telecommunication Union in Geneva, the WEA Digital Innovation Challenge received 250 submissions from companies in 54 countries either owned by women or with a minimum of one-woman founder each with their unique digital solution aimed at driving socio-economic benefits in their communities. In alignment with the ITU’s Innovation and Entrepreneurship Alliance for Digital, the objective of the Challenge is to showcase what an emerging eco-system of digital innovators looks like and build an enabling context for women entrepreneurs to participate in the digital economy.
The 10 winners of the Challenge were invited to present their two-minute live pitch before an expert Grand Jury at the CSW event comprised of investors and cross-sectoral representatives who each provided their unique insights.
Grand Jury Members included:
- Dan Seymour, Strategic Partnerships Director, UN Women;
- Deborah Gibbins, Chief Operating Officer, Mary Kay Inc.;
- Harry O’Mealia, CEO and President, 1919 Investment Counsel;
- Julia Pimsleur, Founder, Million Dollar Women Network;
- Selin Oz, SME Banking Entrepreneurship Banking, Senior Manager, Garanti BBVA;
- Tess Mateo, Sustainability ESG Impact Investor, US W20 Delegate to G20;
- Ursula Wynhoven, Representative to the United Nations in New York, International Telecommunication Union.
The 10 winners will gain access to the “Digital Innovation Challenge Acceleration Program” over the coming months where they will receive capacity-building training and a virtual bootcamp to help further refine their business plans as well as specialized mentorship and access to a network of change-makers. Following this, selected winners will participate in ITU’s prestigious Global Innovation Forum later this year and join a community of practice to explore ways to leapfrog the digital innovation divide and address global challenges.
Special Mention awards were given to three companies receiving consultancy hours from 1919 Investment Counsel. In first place and the recipient of 10 hours of consulting services was Tiny Totos, a Kenyan social enterprise working to ensure quality childcare. By providing training, access to capital, a network and a technology platform, Tiny Totos helps set up childcare centers to increase the availability of childcare and improve the quality of childcare services in the country.
Receiving 5 hours each of consulting services, the two runners-up, Health Innovation Exchange (HIEx) and Gwiji for Women Gig Workers, are also addressing key societal challenges. HIEx identifies challenges faced by health systems and connects innovators with key health eco-system actors primarily in Africa and Asia to deliver solutions that can improve access to quality healthcare. Gwiji for Women Gig Workers is a tech start-up addressing barriers to labor market participation by low-income women in Kenya. It identifies, vets, trains, and empowers women from lower socio-economic backgrounds as casual cleaners by connecting them with prospective clients through a mobile application.
The WEA Digital Innovation Challenge was held against the backdrop of a rapidly changing economic context which has seen the rise of digital technologies and the growth of a digital economy. Recognizing the potential of the digital acceleration to perpetuate inequalities, the Challenge presented an opportunity to discuss digitalization as a barrier to women’s economic status.
The high-level panel discussion included the following cross-sectoral representatives:
Special Mention awards were given to three companies receiving consultancy hours from 1919 Investment Counsel. In first place and the recipient of 10 hours of consulting services was Tiny Totos, a Kenyan social enterprise working to ensure quality childcare. By providing training, access to capital, a network and a technology platform, Tiny Totos helps set up childcare centers to increase the availability of childcare and improve the quality of childcare services in the country.
Receiving 5 hours each of consulting services, the two runners-up, Health Innovation Exchange (HIEx) and Gwiji for Women Gig Workers, are also addressing key societal challenges. HIEx identifies challenges faced by health systems and connects innovators with key health eco-system actors primarily in Africa and Asia to deliver solutions that can improve access to quality healthcare. Gwiji for Women Gig Workers is a tech start-up addressing barriers to labor market participation by low-income women in Kenya. It identifies, vets, trains, and empowers women from lower socio-economic backgrounds as casual cleaners by connecting them with prospective clients through a mobile application.
The WEA Digital Innovation Challenge was held against the backdrop of a rapidly changing economic context which has seen the rise of digital technologies and the growth of a digital economy. Recognizing the potential of the digital acceleration to perpetuate inequalities, the Challenge presented an opportunity to discuss digitalization as a barrier to women’s economic status.
The high-level panel discussion included the following cross-sectoral representatives:
- Welcome:
- Dr. Cindy Pace, VP, Global Chief Diversity, Equity and Inclusion Officer, MetLife
- Opening Remarks:
- Anita Bhatia, UN Assistant Secretary-General and Deputy Executive Director UN Coordination, Partnerships, Resources and Sustainability, UN Women
- Ulrika Modéer, UN Assistant Secretary-General and Director of the Bureau of External Relations and Advocacy, UNDP
- Introductory Remarks:
- Deborah Gibbins, Chief Operating Officer, Mary Kay Inc.
- Keynote Speaker:
- Virginia Littlejohn, Co-Head of the Women20 (W20) US Delegation to the G20 countries; Global Coordinator, W20's Women Entrepreneurs Act Initiative (WE Act); Advisor, Women7 (W7) for the G7 Countries, and Co-Coordinating Team for Women's Empowerment, Meaningful Participation, and Leadership; Forbes Women 50 over 50 (Investment)
- Discussant:
- Sonia Jorge, Founder and Executive Director, Global Digital Inclusion Partnership (GDIP)
- Closing Remarks:
- Dr. Cosmas Luckyson Zavazava, Director Telecommunication Development Bureau, ITU
The above panelists spoke about the importance of women’s entrepreneurship as a critical enabler of the Sustainable Development Goals, and the need to create a more gender-responsive eco-system for women entrepreneurs so they can compete and scale their businesses in the digital economy.
“Women entrepreneurs face obstacles that stunt the growth of their business from lack of capital to social norms, as well as time and skills constraints. Entrepreneurship can be a powerful force to address societal challenges. However, entrepreneurship and the benefits it can drive remain male dominated. By developing a more gender-inclusive eco-system for start-ups and challenging the current business models, we can remove the obstacles women entrepreneurs face so they can drive success and reach their full potential.”
Dr. Cindy Pace, VP, Global Chief Diversity, Equity and Inclusion Officer, MetLife
“200 million women in India received money during the pandemic because digitalization had made it possible through their mobile phones as well as through a national identification system. However, two years into post pandemic life, women continue to face huge barriers in accessing venture capital and therefore in innovating. We know that less than 5% of venture capital goes to women-owned businesses and until that eco-system of financing for women changes nothing much is going to change in the lives of women entrepreneurs.”
Anita Bhatia, UN Assistant Secretary-General and Deputy Executive Director UN Coordination, Partnerships, Resources and Sustainability, UN Women
“We have seen more than 600 million people use the internet for the first time throughout the last couple of years, but 2.7 billion people are still offline the majority of whom are women. Women are also 25% less likely than men to know how to use technologies depriving them of basic opportunities to leverage technologies to thrive. On top of that, women-owned businesses make up 30% of registered businesses worldwide yet only 10% of them have access to the capital required to grow. We must also recall that basic legislation has to be in place for digital to benefit women and this means women’s rights need to be worked on at the same time.”
Ulrika Modéer, UN Assistant Secretary-General and Director of the Bureau of External Relations and Advocacy, UNDP
“We need to reverse the current trend of gender-blind innovations and redress the digital gender gap that exists in access to technologies and in digital education and skills. The time is now to ensure women are not left behind. This is too big a feat for just one company or one industry to shoulder. Given the scale of the challenge, we need more cross-sectoral partners to join efforts to build the conditions for women entrepreneurs to innovate, compete and thrive. With the Women’s Entrepreneurship Accelerator, we have a turn-key platform to shape a more equal and inclusive digital marketplace and society.”
Deborah Gibbins, Chief Operating Officer, Mary Kay Inc.
“Research has shown that there’s an inherent gender bias which obstructs female entrepreneurs from equal access to eco-system resources such as finance and markets, while weak governmental and private sector collaboration within eco-systems deters women’s entrepreneurship from accessing key pillars of the eco-system. As a result, many women entrepreneurs tend to 'go it alone.' Policies and partnership frameworks that take a more holistic and synergistic approach, such as the Women’s Entrepreneurship Accelerator, are pivotal to unlocking the full potential of female entrepreneurship. Expanding the WEA partnership further can help drive even more progress.”
Virginia Littlejohn, Co-Head of the Women20 (W20) US Delegation to the G20 countries; Global Coordinator, W20's Women Entrepreneurs Act Initiative (WE Act); Advisor, Women7 (W7) for the G7 Countries, and Co-Coordinating Team for Women's Empowerment, Meaningful Participation, and Leadership; Forbes Women 50 over 50 (Investment)
“In the last decade the world lost about a trillion US dollars because we did not include women in digital economic activity. If we reversed that, we could gain over $525 billion from closing that gap, meaning governments could earn an additional $525 billion in the next 5 years if they included women as active economic agents. Furthermore, to close the gap in universal meaningful connectivity by 2030, we would only need $430 billion. To put it in perspective, this is how much the world spends every year on soda! This is foundational to bringing women online, to creating opportunities for entrepreneurship and to creating opportunities for participation, creation, innovation and engagement with digital services and products.”
Sonia Jorge, Founder and Executive Director, Strategy and Partnerships, Global Digital Inclusion Partnership
“The solutions presented throughout the Challenge are indisputably changing the world for the better. Inclusive and equitable innovations will help us navigate a new digital world that is increasingly Volatile, Uncertain, Complex and Ambiguous. Digital innovation eco-systems still suffer from a substantial gender divide that affects everyone. More gender-inclusive digital innovation eco-systems are needed to elevate economies and societies worldwide and help protect against the socio-economic crises we have seen.”
Dr. Cosmas Luckyson Zavazava, Director of the Telecommunication Development Bureau at ITU
A recording of the panel event is available here and a recording of WEA’s Digital Innovation Challenge is available here.
About the Women’s Entrepreneurship Accelerator
The Women’s Entrepreneurship Accelerator (WEA) is a multi-stakeholder partnership on women’s entrepreneurship established during UNGA 74. It convenes six UN agencies, International Labour Organization (ILO), International Trade Centre (ITC), International Telecommunication Union (ITU), United Nations Development Programme (UNDP), UN Global Compact (UNGC), UN Women and Mary Kay Inc. to empower 5 million women entrepreneurs by 2030.
The goal of the initiative is to maximize the development impact of women entrepreneurship in achieving the Sustainable Development Goals (SDGs) by creating an enabling ecosystem for women entrepreneurs around the world. The Accelerator exemplifies the transformational power of a multi-partnership of unique magnitude to harness the potential of women entrepreneurs. Learn more at we-accelerate. Follow us: Twitter (We_Accelerator), Instagram (@we_accelerator), Facebook (@womensentrepreneurshipaccelerator), LinkedIn (@womensentrepreneurshipaccelerator)
View source version on businesswire.com: https://www.businesswire.com/news/home/20230517005570/en/
Contact
Mary Kay Inc. Corporate Communications
marykay.com/newsroom
(+1) 972.687.5332 or media@mkcorp.com
Source : Women’s Entrepreneurship Accelerator
“Women entrepreneurs face obstacles that stunt the growth of their business from lack of capital to social norms, as well as time and skills constraints. Entrepreneurship can be a powerful force to address societal challenges. However, entrepreneurship and the benefits it can drive remain male dominated. By developing a more gender-inclusive eco-system for start-ups and challenging the current business models, we can remove the obstacles women entrepreneurs face so they can drive success and reach their full potential.”
Dr. Cindy Pace, VP, Global Chief Diversity, Equity and Inclusion Officer, MetLife
“200 million women in India received money during the pandemic because digitalization had made it possible through their mobile phones as well as through a national identification system. However, two years into post pandemic life, women continue to face huge barriers in accessing venture capital and therefore in innovating. We know that less than 5% of venture capital goes to women-owned businesses and until that eco-system of financing for women changes nothing much is going to change in the lives of women entrepreneurs.”
Anita Bhatia, UN Assistant Secretary-General and Deputy Executive Director UN Coordination, Partnerships, Resources and Sustainability, UN Women
“We have seen more than 600 million people use the internet for the first time throughout the last couple of years, but 2.7 billion people are still offline the majority of whom are women. Women are also 25% less likely than men to know how to use technologies depriving them of basic opportunities to leverage technologies to thrive. On top of that, women-owned businesses make up 30% of registered businesses worldwide yet only 10% of them have access to the capital required to grow. We must also recall that basic legislation has to be in place for digital to benefit women and this means women’s rights need to be worked on at the same time.”
Ulrika Modéer, UN Assistant Secretary-General and Director of the Bureau of External Relations and Advocacy, UNDP
“We need to reverse the current trend of gender-blind innovations and redress the digital gender gap that exists in access to technologies and in digital education and skills. The time is now to ensure women are not left behind. This is too big a feat for just one company or one industry to shoulder. Given the scale of the challenge, we need more cross-sectoral partners to join efforts to build the conditions for women entrepreneurs to innovate, compete and thrive. With the Women’s Entrepreneurship Accelerator, we have a turn-key platform to shape a more equal and inclusive digital marketplace and society.”
Deborah Gibbins, Chief Operating Officer, Mary Kay Inc.
“Research has shown that there’s an inherent gender bias which obstructs female entrepreneurs from equal access to eco-system resources such as finance and markets, while weak governmental and private sector collaboration within eco-systems deters women’s entrepreneurship from accessing key pillars of the eco-system. As a result, many women entrepreneurs tend to 'go it alone.' Policies and partnership frameworks that take a more holistic and synergistic approach, such as the Women’s Entrepreneurship Accelerator, are pivotal to unlocking the full potential of female entrepreneurship. Expanding the WEA partnership further can help drive even more progress.”
Virginia Littlejohn, Co-Head of the Women20 (W20) US Delegation to the G20 countries; Global Coordinator, W20's Women Entrepreneurs Act Initiative (WE Act); Advisor, Women7 (W7) for the G7 Countries, and Co-Coordinating Team for Women's Empowerment, Meaningful Participation, and Leadership; Forbes Women 50 over 50 (Investment)
“In the last decade the world lost about a trillion US dollars because we did not include women in digital economic activity. If we reversed that, we could gain over $525 billion from closing that gap, meaning governments could earn an additional $525 billion in the next 5 years if they included women as active economic agents. Furthermore, to close the gap in universal meaningful connectivity by 2030, we would only need $430 billion. To put it in perspective, this is how much the world spends every year on soda! This is foundational to bringing women online, to creating opportunities for entrepreneurship and to creating opportunities for participation, creation, innovation and engagement with digital services and products.”
Sonia Jorge, Founder and Executive Director, Strategy and Partnerships, Global Digital Inclusion Partnership
“The solutions presented throughout the Challenge are indisputably changing the world for the better. Inclusive and equitable innovations will help us navigate a new digital world that is increasingly Volatile, Uncertain, Complex and Ambiguous. Digital innovation eco-systems still suffer from a substantial gender divide that affects everyone. More gender-inclusive digital innovation eco-systems are needed to elevate economies and societies worldwide and help protect against the socio-economic crises we have seen.”
Dr. Cosmas Luckyson Zavazava, Director of the Telecommunication Development Bureau at ITU
A recording of the panel event is available here and a recording of WEA’s Digital Innovation Challenge is available here.
About the Women’s Entrepreneurship Accelerator
The Women’s Entrepreneurship Accelerator (WEA) is a multi-stakeholder partnership on women’s entrepreneurship established during UNGA 74. It convenes six UN agencies, International Labour Organization (ILO), International Trade Centre (ITC), International Telecommunication Union (ITU), United Nations Development Programme (UNDP), UN Global Compact (UNGC), UN Women and Mary Kay Inc. to empower 5 million women entrepreneurs by 2030.
The goal of the initiative is to maximize the development impact of women entrepreneurship in achieving the Sustainable Development Goals (SDGs) by creating an enabling ecosystem for women entrepreneurs around the world. The Accelerator exemplifies the transformational power of a multi-partnership of unique magnitude to harness the potential of women entrepreneurs. Learn more at we-accelerate. Follow us: Twitter (We_Accelerator), Instagram (@we_accelerator), Facebook (@womensentrepreneurshipaccelerator), LinkedIn (@womensentrepreneurshipaccelerator)
View source version on businesswire.com: https://www.businesswire.com/news/home/20230517005570/en/
Contact
Mary Kay Inc. Corporate Communications
marykay.com/newsroom
(+1) 972.687.5332 or media@mkcorp.com
Source : Women’s Entrepreneurship Accelerator
CLOUDFLARE R2 STORAGE OFFERS ESSENTIAL INFRASTRUCTURE FOR GENERATIVE AI COMPANIES
KUALA LUMPUR, May 17 (Bernama) -- Cloudflare Inc, the security, performance and reliability company helping to build a better Internet, announced that Cloudflare R2 Storage, the distributed object storage that eliminates egress costs, is providing essential infrastructure for leading generative artificial intelligence (AI) companies.
“AI companies understand that Cloudflare is designed for speed and efficiency, enabling them to be competitive in this rapidly changing market. As they grow in popularity and traffic, we are there to help with storage, security and performance as costs and bots sneak up on them.
“Our global network and zero egress fees means these developers can focus on innovating fast, and worry less on the cost and technical decisions that sneak up on them,” said Cloudflare co-founder and chief executive officer, Matthew Prince in a statement.
Generative AI requires massive amounts of computing power and relies on graphics processing units (GPUs) to quickly and efficiently process enormous amounts of data to train the large language models (LLMs) that are at the core of their offerings.
With the sudden acceleration of generative AI companies coming on the market, these companies are now facing a scarcity of processing power from their cloud providers.
Cloudflare R2 Storage provides zero-cost egress, making it simple to migrate large volumes of data across clouds and easily use best-in-class technology.
Cloudflare is announcing several new partnerships to support generative AI companies using R2 Storage as part of the infrastructure for their training models.
These partnerships will ensure that the innovation around AI-specialised and distributed GPUs works the way it was intended, eliminating vendor lock-in and making training generative AI models accessible and affordable.
Partnerships include with CoreWeave, a specialised cloud provider, delivering a massive scale of GPUs on top of the industry’s fastest and most flexible infrastructure; Lambda Inc, world’s best deep learning cloud and the only public cloud designed for and focused on training LLMs & foundation model; and MosaicML which helps customers easily train and deploy large AI models with full data privacy and model ownership.
-- BERNAMA
Wednesday 17 May 2023
GTJAI Completes Transactions Of "Northbound Trading of Swap Connect"
KUALA LUMPUR, May 16 (Bernama) -- Guotai Junan International Holdings Limited (GTJAI) announced that its subsidiary Guotai Junan Securities (Hong Kong) Co Ltd as one of the first batch qualified overseas investors of “Northbound Trading of Swap Connect”.
In a statement, GTJAI said it completed 14 transactions with a total amount of 240 million yuan, on the first day (May 15) of the launch of “Northbound Trading of Swap Connect”. (100 Chinese yuan=RM64.65)
From "Bond Connect" to "Swap Connect", GTJAI has been always firmly supporting the national financial opening-up policies, contributing to the deepening of connections between Mainland China and Hong Kong financial markets, and providing quality services for overseas investors to fully participate in China's capital market.
"Swap Connect" refers to the arrangement for both domestic and overseas investors to participate in Hong Kong’s financial derivatives market and Mainland China’s interbank derivatives market through the connection between Hong Kong and Mainland China’s infrastructure institutions.
Meanwhile, "Northbound Trading of Swap Connect" allows Hong Kong and international investors to participate in Mainland China’s interbank derivatives market through the connection between Hong Kong and Mainland China infrastructure institutions in terms of trading, clearing and settlement.
Based in Hong Kong, GTJAI provides comprehensive, diversified and high-quality integrated financial services with core business includes brokerage, corporate finance, asset management, loans and financing, as well as financial products.
-- BERNAMA
OTC MARKETS GROUP WELCOMES TECHTRONIC INDUSTRIES CO. LTD. TO THE OTCQX MARKET
NEW YORK, May 17 (Bernama-GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Techtronic Industries Co. Ltd. (Hong Kong Stock Exchange: 669; OTCQX: TTNDY, TTNDF), a global leader in cordless Professional Tools, DIY Tools, and Outdoor Power Equipment has qualified to trade on the OTCQX® Best Market, previously trading on the Pink® market. TTI’s ordinary shares will continue to trade on The Stock Exchange of Hong Kong Limited (SEHK) under the stock code: 669
Techtronic Industries Co. Ltd. begins trading today on the OTCQX Market under the symbols “TTNDY” and “TTNDF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for the OTCQX Market, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Mr. Joseph Galli, CEO of TTI, commented, “We are delighted to begin trading on the OTCQX market. Hong Kong remains the domicile of TTI’s primary exchange listing, but this new development will add greater liquidity to both our ordinary shares and our ADR program, while making the stock more accessible to a broader global investment community.”
Securities Law USA, PLLC acted as the company’s OTCQX sponsor.
About Techtronic Industries Co. Ltd.
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence – reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, RYOBI and AEG power tools, accessories, hand tools and outdoor products, EMPIRE layout and measuring products, and HOOVER, VAX, DIRT DEVIL, and ORECK floorcare and cleaning products.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
SOURCE : OTC Markets
Techtronic Industries Co. Ltd. begins trading today on the OTCQX Market under the symbols “TTNDY” and “TTNDF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for the OTCQX Market, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Mr. Joseph Galli, CEO of TTI, commented, “We are delighted to begin trading on the OTCQX market. Hong Kong remains the domicile of TTI’s primary exchange listing, but this new development will add greater liquidity to both our ordinary shares and our ADR program, while making the stock more accessible to a broader global investment community.”
Securities Law USA, PLLC acted as the company’s OTCQX sponsor.
About Techtronic Industries Co. Ltd.
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence – reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI's powerful brand portfolio includes MILWAUKEE, RYOBI and AEG power tools, accessories, hand tools and outdoor products, EMPIRE layout and measuring products, and HOOVER, VAX, DIRT DEVIL, and ORECK floorcare and cleaning products.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
SOURCE : OTC Markets
EDGE TO BOLSTER SOUTHEAST ASIA PRESENCE WITH PARTICIPATION AT LIMA 2023
KUALA LUMPUR, May 16 (Bernama) -- EDGE, one of the world’s leading and fastest growing advanced technology and defence groups, will bolster its presence in Southeast Asia by participating at the 16th edition of Langkawi International Maritime and Aerospace Exhibition (LIMA) 2023 from May 23 to 27 in Langkawi, Malaysia.
In a statement, EDGE said it will showcase a diverse product portfolio that can be tailored to the region’s specific requirements in line with its ambition to expand its global footprint.
With a clear focus on autonomous systems and smart weapons, EDGE will highlight its technologically-advanced defence solutions throughout the five-day event.
It also enables EDGE to strengthen its partnerships within the local industry ecosystem, drive support for indigenous defence in important markets such as Malaysia, Indonesia, Thailand and Vietnam, and to showcase its broad range of capabilities.
“We are proud to be showcasing our advanced capabilities across air, land and maritime domains at LIMA 2023, as well as developing strategic relationships in Southeast Asia.
“The UAE and Malaysia share a warm history of cooperation, and we are committed to strengthening these ties even further by developing valuable partnerships across the region.
“LIMA provides us with a unique opportunity to grow local supply chains, and assist in the development of air and naval defence capabilities in Malaysia and beyond,” said EDGE Managing Director and Chief Executive Officer, Mansour AlMulla.
During the exhibition, seven of EDGE’s portfolio companies will display innovative solutions that provide high levels of mission flexibility, exemplifying the company’s advanced designs and manufacturing capabilities in the area of autonomous air and land systems, naval systems, precision-guided munitions, as well as small arms.
Headquartered in Abu Dhabi, EDGE is established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation.
-- BERNAMA
IMPULSE DYNAMICS REACHES MILESTONE WITH 9,000TH PATIENT RECEIVING CCM THERAPY FOR HEART FAILURE
KUALA LUMPUR, May 16 (Bernama) -- Global medical device company, Impulse Dynamics plc, announced a worldwide milestone achievement with the 9,000th patient receiving the Optimizer system for the treatment of moderate heart failure (HF).
The Optimizer system is the only device approved by the US Food and Drug Administration (FDA) in the United States to deliver cardiac contractility modulation (CCM) therapy.
A cardiologist and the President of Stern Cardiovascular, Dr Steven Gubin is part of the care team that completed the procedure at Baptist Memorial Hospital-Memphis, offering CCM therapy to a patient living with the debilitating effects of HF.
According to Impulse Dynamics in a statement, this milestone highlights the momentum building globally for CCM therapy, using the Optimizer platform to improve quality of life in HF patients.
Dr Gubin said: “One of my heart failure patients, Aubretta Bean, who is a cancer survivor, continued to have symptoms despite her compliance with guideline-directed medical therapy for heart failure.
“She let me know that she felt better almost immediately after receiving the implant and continues to improve daily. It has been extremely rewarding to see such improvement in her quality of life,” he added.
Meanwhile, Impulse Dynamics chief executive officer, Simos Kedikoglou said: “We are inspired by such stories highlighting the potential for clinicians to use CCM therapy to make a positive impact on HF patients’ lives.
“The growing cadence of implants and the emergence of such inspiring stories reinforces our commitment to delivering meaningful advances in CCM technology and clinical data.”
Drs Eric Johnson, David Lan and Chris Ingelmo are all electrophysiologists at Stern Cardiovascular that have treated 10 patients at Baptist Memorial Hospital-Memphis with CCM therapy since March 2023. Dr Ingelmo completed the milestone procedure for the 9,000th patient treated with CCM therapy.
The latest generation of the company’s proprietary Optimizer platform is the Optimizer Smart Mini, which offers a rechargeable battery with 20-year battery life and a smaller size designed to make the implant procedure faster and easier for patients and physicians.
-- BERNAMA
CLOUDFLARE ONE PLATFORM EXTENDED TO GENERATIVE AI SERVICES
KUALA LUMPUR, May 16 (Bernama) -- Cloudflare Inc, the security, performance and reliability company helping to build a better Internet, has extended its single-vendor SASE platform, Cloudflare One, to generative artificial intelligence (AI) services.
Cloudflare One for AI, a suite of Zero Trust security controls, will enable enterprises to safely and securely use the latest generative AI tools without putting intellectual property and customer data at risk.
“AI holds incredible promise, but without proper guardrails it can create significant risks for businesses. It is far too easy, by default, to upload sensitive internal or customer data to AI tools. Once the data is used for training AI, it is virtually impossible to get it out.
“Cloudflare's Zero Trust products are the first to provide the guard rails for AI tools, so businesses can take advantage of the opportunity AI unlocks while ensuring only the data you want to expose gets shared,” said its co-founder and chief executive officer, Matthew Prince.
According to Cloudflare in a statement, Cloudflare One for AI provides a simple, fast and secure way for companies to safely build using the latest generative AI technologies, without compromising security or performance.
With Cloudflare One, companies can gain visibility into and measure AI tool usage, prevent data loss and manage integrations such as Cloudflare Gateway helping companies observe how many employees are experimenting with AI services, and adding context when planning for budgets and enterprise licensing.
Meanwhile, Service tokens give administrators a clear log of API requests, control over the specific services that can access AI training data, and the ability to revoke tokens with a single click when building ChatGPT plugins for internal and external use.
In addition, Cloudflare Tunnel provides an encrypted, outbound-only connection to Cloudflare’s network. Every request will be checked against the access rules configured for services protected by Cloudflare One or when teams are ready to allow an AI service to connect to their infrastructure.
Generative AI is an exciting technology with the promise to transform how people work. As this technology evolves and new tools and plugins are developed, Cloudflare’s platform approach to security will ensure that enterprises everywhere can embrace these productivity enhancements without creating bottlenecks and ensure compliance with the latest regulations.
-- BERNAMA
Tuesday 16 May 2023
SOUTHEAST ASIA MUST CONTINUE INTEGRATE MULTIPLE TECHNOLOGIES TO ACHIEVE CARBON NEUTRALITY - BLACK & VEATCH
KUALA LUMPUR, May 15 (Bernama) -- Southeast Asia must continue to prioritise the integration of renewable energy and the addition of new natural gas infrastructure to achieve an affordable, resilient and sustainable energy future, according to Black & Veatch.
Further, the industry and governments in the region must continue to collaborate on enabling long-term conditions that facilitate the deployment of future technology solutions across hydrogen and ammonia, carbon capture, energy storage and bidirectional, cross-border grids.
Black & Veatch Executive Vice President and Managing Director, Asia-Pacific, Narsingh Chaudhary said a successful and equitable energy transition involved planning for and integrating multiple technologies to ensure that everyone has access to a stable and reasonably priced energy supply.
“Working in tandem with renewable energy, highly flexible and dispatchable generation, such as gas-fired power generation and small and mid-scale LNG project development, are essential to accomplishing these goals,” he added.
According to a statement, Black & Veatch, a global leader in critical infrastructure solutions will share its strategies for integrating renewable energy, liquefied natural gas (LNG) and hydrogen at this year’s Future Energy Asia.
Gas-fired power generation has the quick ramp-up and ramp-down capabilities needed to adapt to changing grid energy demands. Advanced gas turbines in a simple cycle configuration can supply over 400 MW to the grid in 10 minutes and are designed to reach full combined cycle load in 30 minutes to one hour.
New gas turbine technologies can operate at low loads of less than 25 per cent of their baseload capacity in some cases and ramp at 10 to 15 per cent of their full load capacity per minute.
Most modern turbine technology can co-fire emissions-free hydrogen, and by 2030, most original equipment manufacturers predict that new turbines will be 100 per cent hydrogen capable.
Black & Veatch’s survey before the ongoing energy crisis indicates that gas-fired power plants have a future as an investment class in Asia, with approximately half of the respondents believe there will be “more investment” in gas or LNG-to-power facilities combined with carbon capture, over the next five years.
-- BERNAMA
TRACKINSIGHT RELEASES 4TH GLOBAL ETF SURVEY 2023
KUALA LUMPUR, May 15 (Bernama) -- Trackinsight, the leading independent Exchange-Traded Fund (ETF) database platform, has announced the release of its 4th Global ETF Survey 2023 in partnership with J.P. Morgan Asset Management and State Street.
In a statement, Trackinsight said the full report, which is available for free, detailed the key findings and ETF trends from over 500 professional investors who manage almost US$900 billion of assets through ETFs. (US$1=RM4.49)
The survey provides a comprehensive overview of the current usage of ETFs and insights into how the industry is expected to evolve in the coming years.
Trackinsight Chief Executive Officer and Co-Founder, Philippe Malaise said this report offered an in-depth analysis of the ETF market, and the survey's findings will provide investors with valuable insights into the industry's trends and outlook.
Among the highlights drawn from the data found that investors' interest in ETFs remains high, with 56 per cent of respondents planning to increase their exposure to Equity ETFs and 40 per cent to Fixed Income in the next two to three years.
Furthermore, ETFs have gained popularity among investors because they offer attractive features like low fees, easy diversification and accessibility. Tax efficiency also plays an important role in ETF popularity in the Americas.
Investors are ready for Active ETFs, especially in the Americas, where they also use these products for Fixed Income and Thematic investing, while interest is mainly on equity in Europe. Nearly 80 per cent of respondents in the Americas stated they would be more inclined to invest in an active strategy if packaged as an ETF rather than a mutual fund.
Also highlighted, thematic investing strategies are all the rage, with 40 per cent of respondents anticipating an increase in their allocation over the next few years, mainly for diversification and long-term strategies.
In addition to the full report, Trackinsight and its partners are delighted to offer additional content with thought leadership articles and weekly updated industry league tables, freely accessible from trackinsight.com, allowing everyone to shed light on the ETF market.
-- BERNAMA
Monday 15 May 2023
MITSUI KINZOKU, GEOMATEC TO ESTABLISH MASS PRODUCTION SYSTEM FOR HRDP COMMERCIALISATION
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| 300mm wafer type HRDP® products (In a special case for shipping products) (Photo: Business Wire) |
KUALA LUMPUR, May 15 (Bernama) -- Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) and GEOMATEC Co Ltd (GEOMATEC) collaborated to establish a mass production system for the commercialisation of High Resolution Debondable Panel (HRDP), a specialty carrier for next-generation semiconductor packaging.
In a statement, Mitsui Kinzoku announced it has decided to invest in a second production line in GEOMATEC’s Ako plant, scheduled to start operation in 2025, to increase production capacity and expand the Design of Experiments (DOE) facility.
At the same time, GEOMATEC will invest in the thin-film process used on this second line.
Currently, several major semiconductor companies have begun the full-scale development of their next-generation semiconductor packages using HRDP, which was developed by Mitsui Kinzoku.
In addition, by expanding the DOE facility already in operation, the company will accelerate joint development with major semiconductor companies using HRDP, enabling customers to shorten cycle times.
With the installation of the second line and the expansion of the DOE facility, it will be able to respond quickly to the increasing demand for development and move toward the adoption of HRDP and the expansion of its use in mass production in the next-generation semiconductor market in the future.
This capital investment will be made in steps from 2023 to 2025. Mitsui Kinzoku will contribute to the semiconductor packaging market by expanding its HRDP business and contribute to the creation of a sustainable society through its business activities.
-- BERNAMA
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