KUALA LUMPUR, Dec 23 (Bernama) -- Nearfield Instruments, a pioneer in advanced process control metrology solutions, announced it has received repeat purchase orders for its flagship QUADRA High-Throughput Process Control Metrology System.
According to a statement, this follow-up order highlights the company’s increasing market traction and its success in penetrating high-volume manufacturing operations.
Nearfield Instruments chief executive officer, Hamed Sadeghian remarked that the repeat order is a testament to the system’s performance, reliability, and its essential role in supporting high-volume manufacturing.
He emphasised that the order reinforces the trust customers have in Nearfield to support their production objectives, and with the 2025 order book now full, the company remains committed to delivering innovative solutions that enhance manufacturing efficiency and yield.
The QUADRA system offers cutting-edge capabilities for in-line process control by Nearfield’s high-throughput AFM metrology technologies that deliver highly accurate, non-destructive 3D measurements of critical semiconductor parameters.
By providing real-time feedback on critical device structures, the system provides good correlation to device yield and enables manufacturers to maintain high yields and optimal performance in their production lines.
The system’s exceptional throughput allows manufacturers to quickly and accurately analyse large numbers of devices without compromising measurement precision, ensuring both efficiency and quality in the production process.
This repeat order from a leading semiconductor manufacturer highlights the growing confidence in the QUADRA platform as the industry advances to next-generation technologies.
The continued adoption of QUADRA systems by leading manufacturers further strengthens Nearfield Instruments’ position as a driving force in advanced process control metrology for mass production.
-- BERNAMA
Monday, 23 December 2024
Friday, 20 December 2024
MEDIDATA, CLINCHOICE EXTEND PARTNERSHIP TO ENHANCE CLINICAL TRIAL EFFICIENCY, INNOVATION
KUALA LUMPUR, Dec 20 (Bernama) -- Medidata, a Dassault Systèmes brand and provider of clinical trial solutions to the life sciences industry, has renewed its long-standing enterprise partnership with ClinChoice, a global contract research organisation (CRO).
Under this new agreement, ClinChoice will utilise the Medidata Platform to streamline study data and supply management, boost trial efficiency, and accelerate growth as a full-service CRO in Asia, Europe, and North America.
ClinChoice also plans to prioritise Clinical Data Studio accreditation, further enhancing its capabilities through a transformative artificial intelligence (AI)-powered data quality management experience.
Medidata senior vice president and general manager, APAC, Edwin Ng in a statement said ClinChoice’s dedication to innovation and patient-centred approaches makes them an invaluable partner.
“With this renewed partnership, we look forward to empowering ClinChoice with Medidata’s advanced solutions to further streamline their trial operations, expand their global reach, and accelerate access to life-changing therapies for patients worldwide,” he said.
Meanwhile, ClinChoice global chairman and chief executive officer, Ling Zhen noted that since the company’s first implementation of Medidata Rave EDC in 2011, its partnership with Medidata has supported its development, starting in the United States, then China, and eventually to the wider global stage.
“We are delighted to extend our work together to include Medidata’s Clinical Data Studio and other advanced technologies to further boost our expansion,” Ling added.
ClinChoice’s commitment in utilising Medidata’s solution has spanned over a decade, facilitating secure connections among patients, sites, and sponsors within a unified cloud environment.
By integrating Medidata’s solutions, ClinChoice continues to strengthen its operational efficiency and position itself for growth in today’s increasingly complex clinical trial landscape.
-- BERNAMA
LUMI GLOBAL ACQUIRES ASSEMBLY VOTING TO BOLSTER PRODUCT LEADERSHIP, EXPAND GLOBAL REACH
KUALA LUMPUR, Dec 20 (Bernama) -- Lumi Global, a global leader in technology-driven meeting solutions, has acquired Assembly Voting, a technology company specialising in end-to-end verifiable, cloud-based elections and voting solutions.
According to a statement, this strategic acquisition reinforces Lumi Global’s commitment to innovation via Assembly Voting's verifiable, scalable Electa platform while expanding its capabilities beyond the live meeting environment to new market opportunities.
Lumi Global Chief Executive Officer (CEO), Richard Taylor said the acquisition marked a bold step forward for Lumi Global, as the company extends its product capabilities beyond the meeting day and into the wider elections market.
“The integration of Assembly Voting’s innovative technologies with Lumi’s Global platform will unlock new opportunities, ensuring we remain at the forefront of technology-driven meeting, election and voting solutions in annual general meetings, investor relations, and member organisation worldwide,” added Taylor.
Meanwhile, Assembly Voting CEO, Jacob Gyldenkaerne said: “This partnership not only expands the reach of our technology but also enhances our ability to serve an even more diverse, global client base with end-to-end verifiable election solutions.”
Among the key highlights of the acquisition include Assembly Voting enhances Lumi Global's portfolio by introducing advanced end-to-end verifiability, ensuring secure, transparent, and verifiable election and voting processes for clients worldwide.
Meanwhile, the Electa platform is purpose-built for scheduled elections and asynchronous voting, complementing Lumi Global’s existing solutions for live meetings and synchronous voting. With a focus on verifiability, security, and scalability, Electa broadens Lumi's ability to support organisations at all stages of their decision-making, both prior to and during key meetings.
The deal also establishes Lumi Global’s presence in Denmark and Spain, opening new opportunities in these strategically significant markets, and it is strategically positioned to deploy the Electa platform across its key markets in North America, Europe, the Middle East, and Africa, as well as Asia Pacific.
The acquisition brings Assembly Voting’s experienced development team, enriching Lumi Global’s innovation pipeline and opening new avenues for collaboration and growth.
Lumi Global’s acquisition of Assembly Voting underscores its dedication to powering the meetings and elections that matter for trusted decisions worldwide.
-- BERNAMA
Wednesday, 18 December 2024
MALAYSIA’S NON-LIFE INSURANCE SECTOR REMAINS STABLE DESPITE CLIMATE RISKS - AM BEST
KUALA LUMPUR, Dec 18 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on Malaysia’s non-life insurance segment, citing sustained underwriting and pricing discipline.
In a statement, AM Best said the stable outlook was also driven by expected premium growth backed by regulatory reforms designed to increase insurance penetration.
The Best’s “Market Segment Outlook: Malaysia Non-Life Insurance” report states that the non-life sector is poised for significant growth, underpinned by economic recovery, rate hikes due to high inflation and rising claims, as well as growing demand for digital insurance and takaful products.
Malaysia’s central bank and lead regulator have implemented various initiatives to improve non-life insurance penetration, which remains in the low single digits. By 2026, the goal is to achieve an insurance/takaful penetration rate of 4.8 to 5.0 per cent alongside doubling microinsurance/microtakaful coverage.
Additionally, growth in general takaful contributions has consistently outpaced that of conventional insurance in recent years, a trend expected to continue over the medium term.
At the same time, Malaysia’s non-life insurers face rising climate-related risks, with more frequent severe weather events affecting underwriting performance.
AM Best director, head of analytics, Victoria Ohorodnyk indicates that, while recent premium rate increases following significant flooding in 2021 have provided some relief, the sector remains vulnerable to the ongoing volatility from climate risks, especially in fire-related insurance.
Meanwhile, the continued de-tariffication of motor and fire insurance is expected to increase pressure on pricing over the near to medium term while strengthening the industry’s long-term sustainability, as well as drive product innovation.
-- BERNAMA
In a statement, AM Best said the stable outlook was also driven by expected premium growth backed by regulatory reforms designed to increase insurance penetration.
The Best’s “Market Segment Outlook: Malaysia Non-Life Insurance” report states that the non-life sector is poised for significant growth, underpinned by economic recovery, rate hikes due to high inflation and rising claims, as well as growing demand for digital insurance and takaful products.
Malaysia’s central bank and lead regulator have implemented various initiatives to improve non-life insurance penetration, which remains in the low single digits. By 2026, the goal is to achieve an insurance/takaful penetration rate of 4.8 to 5.0 per cent alongside doubling microinsurance/microtakaful coverage.
Additionally, growth in general takaful contributions has consistently outpaced that of conventional insurance in recent years, a trend expected to continue over the medium term.
At the same time, Malaysia’s non-life insurers face rising climate-related risks, with more frequent severe weather events affecting underwriting performance.
AM Best director, head of analytics, Victoria Ohorodnyk indicates that, while recent premium rate increases following significant flooding in 2021 have provided some relief, the sector remains vulnerable to the ongoing volatility from climate risks, especially in fire-related insurance.
Meanwhile, the continued de-tariffication of motor and fire insurance is expected to increase pressure on pricing over the near to medium term while strengthening the industry’s long-term sustainability, as well as drive product innovation.
-- BERNAMA
Saturday, 14 December 2024
NIKE, INC. & NFL EXTEND LONG-STANDING PARTNERSHIP THROUGH 2038
Renewed partnership to emphasize global expansion, player safety and youth football initiatives
DALLAS, Dec 12 (Bernama-BUSINESS WIRE) -- NIKE, Inc. (NYSE: NKE) and the National Football League (NFL) today announced a landmark 10-year partnership extension, cementing their commitment to shaping the future of football and driving growth, innovation, and progress across the sport.Building on 12 years of successful collaboration as the exclusive provider of uniforms and sideline, practice and baselayer apparel for all 32 NFL teams, Nike is poised to elevate its partnership to new heights. With a relentless pursuit of innovation and a deep understanding of the unique needs of NFL players, Nike will deliver cutting-edge, high-performance products that adapt to the evolving demands of the game’s elite athletes. As a result, the partnership will not only shape the future of the sport but also drive a new era of excellence in football – fostering a global, inclusive, and safer environment for football players of all levels to thrive.
"This partnership renewal is a testament to the strength and success of our collaboration with the NFL. As we embark on this new chapter, we're committed to co-creating cutting-edge solutions that meet the rapidly changing needs of NFL athletes and fans, while fueling the league's growth and development initiatives,” said Elliott Hill, President & CEO of NIKE, Inc.
Key Initiatives of the Nike-NFL Partnership:
· Global Expansion: Nike and the NFL will work together to grow the game’s global reach, increasing participation, developing new talent, and expanding the football fan base.
· Player Health and Safety Commitment: Nike and the NFL will leverage Nike’s Sport Research Lab and product design and innovation expertise to address lower extremity injuries and enhance footwear safety.
· Football Development: Nike will continue to empower the next generation of athletes and grow the sport by supporting grassroots, high school and collegiate level development programs across both flag and tackle football.
· Storytelling and Fan Engagement: The partnership will bring football’s most compelling narratives to life, connecting with fans in new and innovative ways through Nike’s unparalleled marketing and storytelling expertise.
Friday, 13 December 2024
AM BEST AFFIRMS CREDIT RATINGS OF QIANHAI REINSURANCE CO., LTD.
HONG KONG, Dec 12 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Qianhai Reinsurance Co., Ltd. (QHR) (China). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect QHR’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.QHR’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), remained at the strongest level at year-end 2023. Capital and surplus grew by 4.3% to RMB 3.5 billion (USD 500 million) in 2023, and further increased by 6.2% in the first three quarters of 2024, underpinned by the company’s full retention of net profit. Going forward, AM Best expects QHR to continue to receive financial support from its major shareholders and explore opportunities in capital markets to bolster its capital structure. The company has a diversified investment portfolio that is focused on cash and fixed-income securities, albeit with a moderate exposure to debt-type alternative investments.
QHR has remained profitable over the past few years, with a five-year average return-on-equity ratio of 4.3% (2019-2023). In 2023, the company posted a 77% year-on-year surge in net profit, due to the recovery of capital markets and investment valuations, which led to a growth in investment income. The company remained profitable during the first nine months of 2024.
The life reinsurance segment remains as the major driver of underwriting results. QHR continues to commit resources and strengthen its business relationships with China insurers and distribution partners to tap growth potential in traditional protection products. Additionally, the company has adopted a prudent approach toward expanding savings products in view of heightened challenges in asset-liability matching risk and scaling down its financial reinsurance business in consideration of changes in regulations and market demand. In terms of non-life reinsurance, the underwriting portfolio is diversified by product line with a focus on China’s non-catastrophe risks as it rebalanced its overseas book to improve business quality. QHR’s non-life segment’s combined ratio recorded a slight uptick in 2023, driven by an increase in the commission ratio while partially offset by a decrease in the loss ratio. Interest income from deposits, coupled with returns from bonds, equities and financial products, has continued to support QHR’s overall investment results over the past eight years.
QHR is a composite reinsurer controlled by three Chinese state-owned enterprises and plays a strategic role in the development of the Qianhai Free Trade Zone. Over the past few years, the company has continued to strengthen its market presence, while maintaining a profit-driven underwriting strategy.
Negative rating actions could occur if QHR’s risk-adjusted capitalisation declines significantly due to adverse deviation from its business and capital management plans, for example, much faster-than-expected expansion in underwriting and investment risks. Negative rating actions also could occur if the company demonstrates a sustained and adverse deterioration in its operating performance. Positive rating actions could arise if QHR’s domestic and overseas underwriting portfolios demonstrate sustained and favourable operating results that strengthen its overall operating performance, while its very strong balance sheet strength remains unchallenged.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Source : AM Best
--BERNAMA
Malaysia’s Lonpac Insurance Receives Excellent Ratings from AM Best
KUALA LUMPUR, Dec 12 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) of Malaysia’s Lonpac Insurance Bhd (Lonpac).
In a statement, AM Best said these credit ratings (ratings) have a stable outlook, which reflected Lonpac’s balance sheet strength, was assessed as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Lonpac’s risk-adjusted capitalisation was at the strongest level at year-end 2023, as measured by Best’s Capital Adequacy Ratio, and is expected to remain at this level over the near to medium term. During the past five years (2019-2023), the company has demonstrated strong capital growth from retained earnings, taking into account the high dividend payout ratio over this period.
In addition, Lonpac has a generally conservative investment portfolio comprising cash, bonds and debt-focused unit trust funds. However, AM Best considers the company to have a moderate dependence on third-party reinsurance to support the underwriting of large-limit risks and manage its catastrophe exposures.
In December this year, Public Bank Berhad (PBB) acquired a 44.15 per cent stake in LPI Capital Bhd (LPI), Lonpac’s ultimate parent, from the estate of the late founder, Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd, making PBB the largest shareholder of LPI. It is AM Best’s view that the transfer of shares will have a neutral impact on the credit rating fundamentals of Lonpac.
Lonpac’s operating performance is strong, supported by robust underwriting results, particularly in the property and bond sectors. Low net loss experience and favorable reinsurance commission income in recent periods have supported strong technical profitability.
Whilst AM Best expects the company to maintain its strong operating performance over the medium term, the elevated cost of reinsurance, as well as the ongoing phased liberalisation of motor and fire insurance pricing in Malaysia, may constrain underwriting margins over the near to medium term.
AM Best views Lonpac’s business profile as neutral, as it is a medium-size non-life insurer in Malaysia, with a market share of approximately seven per cent, based on 2023 gross written premium. The company’s underwriting portfolio is diversified moderately by line of business, albeit with the majority of business originating from Malaysia.
Lonpac benefits from a long-standing relationship with Public Bank Berhad, which provides the company with preferential access to profitable property business through the banking channel.
-- BERNAMA
Tuesday, 10 December 2024
AM Best Affirms Singapore Reinsurance's Ratings as Excellent
KUALA LUMPUR, Dec 10 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) of Singapore Reinsurance Corporation Limited (Singapore Re).
In a statement, AM Best said these credit ratings (ratings) have a stable outlook, which reflected Singapore Re’s balance sheet strength, was assessed as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Additionally, the ratings factor in rating enhancement from the company’s ultimate parent, Fairfax Financial Holdings Limited (Fairfax). Singapore Re’s balance sheet strength is underpinned by risk-adjusted capitalisation that is expected to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio.
The company’s investment portfolio is focused on cash, deposits and fixed-income securities, albeit with some exposure to higher-risk asset classes such as equities. Singapore Re strategically utilises retrocession to increase its underwriting capacity and manage exposure to catastrophe accumulations and large single risks.
The credit quality of the retrocession panel remains excellent, with the majority of reinsurance recoverables held with highly rated counterparties, in addition to benefitting from good financial flexibility due to the support provided by Fairfax.
Singapore Re is a modest-sized non-life reinsurer based in Singapore, writing treaty and facultative business mainly in Asia and the Middle East, with Singapore and India being the company’s two largest markets, based on 2023 gross premium written.
A partially offsetting factor is the company’s elevated cedant concentration risk; however, this risk is partly mitigated by the fact that some of its largest cedants are companies within the Fairfax group or affiliates and others that have long-standing relationships.
Despite Singapore Re’s operations accounting for a small component of Fairfax’s consolidated revenue and earnings, the company is considered strategically important to the group’s international expansion strategy and provides access to local and regional business.
-- BERNAMA
HONG KONG'S CHINA TAIPING INSURANCE RATINGS AFFIRMED EXCELLENT - AM BEST
KUALA LUMPUR, Dec 10 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) of Hong Kong's China Taiping Insurance (HK) Company Limited [CTPI(HK)].
The outlook of these credit ratings (ratings) is stable, reflecting the company’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
According to AM Best in a statement, the ratings also incorporate the rating enhancement that CTPI(HK) receives from its parent, China Taiping Insurance Holdings Company Limited (CTIH).
As measured by Best’s Capital Adequacy Ratio, CTPI(HK)’s very strong balance sheet strength is underpinned by its risk-adjusted capitalisation, while its capital and surplus improved by 2.4 per cent to HKD 5.3 billion (US$679 million) in 2023 as evaluated under the HKFRS 17 accounting standard. (US$1=RM4.42)
The company has maintained a healthy regulatory solvency ratio under the Hong Kong risk-based capital framework, with a healthy buffer over the regulatory minimum, in addition to its invested assets allocation remained largely consistent in 2023 and during the first half of this year.
AM Best assesses CTPI(HK)’s operating performance as adequate and over the past decade, the company has stayed profitable with the exception of 2020, when its performance was dragged by a sizeable impairment loss from private funds.
According to AM Best calculations, the company’s overall underwriting performance has been improving since 2019, with its IFRS 17 combined ratio remaining below 100 per cent last year. Its net investment income remains robust with a mid- single-digit investment yield not including gains or losses, owing to income-generating invested assets including bonds and investment properties.
A strategically important overseas operating subsidiary of China Taiping Insurance Group Ltd (TPG), CTPI(HK) plays a vital role in TPG’s footprint overseas and its strategy in the Greater Bay Area.
The company is integrated into the group’s capital management and ERM while also receiving a series of implicit support from TPG, including brand recognition, investment, reinsurance and operations.
-- BERNAMA
The outlook of these credit ratings (ratings) is stable, reflecting the company’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
According to AM Best in a statement, the ratings also incorporate the rating enhancement that CTPI(HK) receives from its parent, China Taiping Insurance Holdings Company Limited (CTIH).
As measured by Best’s Capital Adequacy Ratio, CTPI(HK)’s very strong balance sheet strength is underpinned by its risk-adjusted capitalisation, while its capital and surplus improved by 2.4 per cent to HKD 5.3 billion (US$679 million) in 2023 as evaluated under the HKFRS 17 accounting standard. (US$1=RM4.42)
The company has maintained a healthy regulatory solvency ratio under the Hong Kong risk-based capital framework, with a healthy buffer over the regulatory minimum, in addition to its invested assets allocation remained largely consistent in 2023 and during the first half of this year.
AM Best assesses CTPI(HK)’s operating performance as adequate and over the past decade, the company has stayed profitable with the exception of 2020, when its performance was dragged by a sizeable impairment loss from private funds.
According to AM Best calculations, the company’s overall underwriting performance has been improving since 2019, with its IFRS 17 combined ratio remaining below 100 per cent last year. Its net investment income remains robust with a mid- single-digit investment yield not including gains or losses, owing to income-generating invested assets including bonds and investment properties.
A strategically important overseas operating subsidiary of China Taiping Insurance Group Ltd (TPG), CTPI(HK) plays a vital role in TPG’s footprint overseas and its strategy in the Greater Bay Area.
The company is integrated into the group’s capital management and ERM while also receiving a series of implicit support from TPG, including brand recognition, investment, reinsurance and operations.
-- BERNAMA
Saturday, 7 December 2024
Collov AI Revolutionises Real-Estate Via Spatial Intelligence, AI-Powered Solutions
KUALA LUMPUR, Dec 6 (Bernama) -- Collov AI is transforming the intersection of artificial intelligence (AI) and real estate while bridging the gap between conceptualisation and execution to create personalised, immersive customer experiences.
The company leads in AI-powered spatial design intelligence, addressing key industry challenges and redefining how real estate professionals, developers, and e-commerce platforms engage with properties, according to a statement.
Real estate agents can showcase virtually staged homes, while developers and buyers benefit from enhanced visualisation that streamlines decision-making. Collov AI’s spatial tools boost buyer engagement and reduce property sales cycles, with virtually staged homes selling 31 per cent faster on average.
The company’s latest breakthrough, Monetico, has garnered global recognition, topping HuggingFace’s trends chart and being featured in leading AI publications like Synced.
Developed with Stanford, Berkeley AI Lab, and Yale, Monetico uses Masked Image Modelling (MIM) to generate high-fidelity images and precise spatial arrangements, enhancing creativity and efficiency in real estate workflows.
Collov AI, inspired by Feifei Li’s World Labs, merges AI with real-world applications to enable intelligent spatial reasoning. By integrating advanced MIM models and human preference-based training, the platform empowers users to design spaces with human-like intuition and accuracy.
With US$30 million in funding from investors like Matrix Partners, Mindworks, and Ameba, and over 300 global clients, Collov AI is shaping the future of the real estate industry through technical excellence and domain expertise. (US$1=RM4.41)
By merging Feifei-Li’s vision with real estate needs, Collov AI is solving today’s challenges and shaping the future of human-AI interaction with spaces.
Co-founded by two Stanford innovators, Collov AI is redefining industry norms, with its solutions enabling businesses to shift from traditional design processes to AI-driven workflows that are fast, scalable, and highly customised.
-- BERNAMA
Friday, 6 December 2024
MAVENIR TO SHARE FUTURE CORPORATE STRATEGY AT ANNUAL GLOBAL ANALYST EVENT IN DALLAS
KUALA LUMPUR, Dec 5 (Bernama) -- Mavenir, the cloud-native network infrastructure provider, will hold its annual analyst event from Dec 11 to 12 in Dallas, United States, to highlight its ongoing efforts to drive the Mobile Network digital transformation.
The company aims to reinforce its presence within the telco industry as the cloud-native, software-driven infrastructure provider focused on building open, disaggregated, and artificial intelligence (AI)-enabled networks of the future.
In a statement, Mavenir said the two-day event will preview the company’s strategic initiatives and forward-looking roadmap to an invited international audience of analysts, customers, and partners.
Its President and Chief Executive Officer, Pardeep Kohli, who will open the event by presenting the company’s go-forward strategy, emphasised that Mavenir is not just an equipment vendor but a key player in redefining the network of the future through network transformation.
“We look forward to meeting with the global telco analyst community and allowing them to hear first-hand from Mavenir’s experienced team about our technology advancements, strategic partnerships, and ongoing commitment to sustainability,” he said.
A key feature of the event will be analyst-moderated fireside chats with Mavenir’s senior leadership team that will touch upon the company’s entire solution portfolio, including Open Radio Access Network (RAN) (radio and vRAN) and Mobile Core technologies (IP Multimedia Subsystem (IMS), Packet Core, Digital Enablement, Messaging, Security).
The discussions will also cover the company’s promising momentum, including its recent recognition at the 2024 Global Telecoms Awards, where its Network Intelligence as a Service won the Advancing Artificial Intelligence Award.
Additionally, Mavenir’s customers and partners will showcase recent technological innovations and successful deployments enabled by the company's technology worldwide.
Highlights of the event include comprehensive portfolio updates; learnings and future strategy; continued investments in the IMS core portfolio; capitalising on high-growth packet core portfolio; growth and customer acquisition; sustainability; operator challenges; and innovation through partnerships.
-- BERNAMA
Thursday, 5 December 2024
NOBEL PEACE PRIZE FORUM TO ADDRESS NUCLEAR THREATS WITH EXPERTS, HIBAKUSHA
KUALA LUMPUR, Dec 5 (Bernama) -- Following the Nobel Peace Prize ceremony for Nihon Hidankyo on Dec 10, the Nobel Peace Prize Forum will take place at the Oslo University Aula on Dec 11.
Organised by the Norwegian Nobel Institute, this year’s forum is co-sponsored by the University of Oslo, the City of Oslo, Soka Gakkai International (SGI) and the International Forum for Understanding.
Soka Gakkai President, Minoru Harada expressed that the award to Nihon Hidankyo is an inspiration to intensify efforts towards nuclear weapons abolition.
“We hope this forum will see deep dialogue that appeals to the hearts and consciousness of citizens around the world, especially youth,” he said in a statement.
Titled "Nukes: How to Counter the Threat", the public forum will feature 13 expert speakers, including two hibakusha, Japanese Red Cross Nagasaki Atomic Bomb Hospital director emeritus, Masao Tomonaga and Hiroshima Interpreters for Peace founder, Keiko Ogura, who is also a three-time Nobel Peace Prize laureate.
Other notable participants include IAEA director general, Rafael Mariano Grossi; ICAN executive director, Melissa Parke; Pugwash Conferences for Science and World Affairs secretary-general-elect, Karen Astrid Hallberg; as well as scholars, and peace activists, while 500 people will attend the Forum in person, and SGI is also cohosting the Facebook live.
Meanwhile, in the afternoon, a high-level panel titled "Avoiding Nuclear War: The Case for No First Use" will be held. This workshop, co-organised by the University of Oslo, Peacebook, and SGI, in association with the Norwegian Nobel Institute, will involve a series of speakers discussing risk reduction and confidence-building under the Chatham House Rule.
In parallel, SGI will organise a Youth Dialogue with Hibakusha at the University of Oslo, where Dr Tomonaga and Ogura will engage with local high school and university students, as well as SGI youth members, in discussions about their experiences.
Since the 1970s, Soka Gakkai has gathered testimonies from survivors and created numerous resources related to the atomic bombings.
-- BERNAMA
Organised by the Norwegian Nobel Institute, this year’s forum is co-sponsored by the University of Oslo, the City of Oslo, Soka Gakkai International (SGI) and the International Forum for Understanding.
Soka Gakkai President, Minoru Harada expressed that the award to Nihon Hidankyo is an inspiration to intensify efforts towards nuclear weapons abolition.
“We hope this forum will see deep dialogue that appeals to the hearts and consciousness of citizens around the world, especially youth,” he said in a statement.
Titled "Nukes: How to Counter the Threat", the public forum will feature 13 expert speakers, including two hibakusha, Japanese Red Cross Nagasaki Atomic Bomb Hospital director emeritus, Masao Tomonaga and Hiroshima Interpreters for Peace founder, Keiko Ogura, who is also a three-time Nobel Peace Prize laureate.
Other notable participants include IAEA director general, Rafael Mariano Grossi; ICAN executive director, Melissa Parke; Pugwash Conferences for Science and World Affairs secretary-general-elect, Karen Astrid Hallberg; as well as scholars, and peace activists, while 500 people will attend the Forum in person, and SGI is also cohosting the Facebook live.
Meanwhile, in the afternoon, a high-level panel titled "Avoiding Nuclear War: The Case for No First Use" will be held. This workshop, co-organised by the University of Oslo, Peacebook, and SGI, in association with the Norwegian Nobel Institute, will involve a series of speakers discussing risk reduction and confidence-building under the Chatham House Rule.
In parallel, SGI will organise a Youth Dialogue with Hibakusha at the University of Oslo, where Dr Tomonaga and Ogura will engage with local high school and university students, as well as SGI youth members, in discussions about their experiences.
Since the 1970s, Soka Gakkai has gathered testimonies from survivors and created numerous resources related to the atomic bombings.
-- BERNAMA
Tuesday, 3 December 2024
EXP REALTY'S INITIATIVE LINKS AGENTS WITH LOCAL SPONSORS FOR A GAME-CHANGING EXPERIENCE
KUALA LUMPUR, Dec 3 (Bernama) -- eXp Realty, the largest independent real estate company and core subsidiary of eXp World Holdings Inc, has launched its Local Sponsor Partnership Program.
This innovative initiative is designed to enhance local expertise while fostering global growth for eXp Realty agents, according to a statement.
eXp World Holdings Founder, Chairman and Chief Executive Officer, Glenn Sanford said the programme empowers its agents with the resources and mentorship needed to succeed in their local markets while growing globally.
“This programme represents the essence of eXp Realty’s commitment to agent success by providing a collaborative framework that drives innovation, growth and local expertise.
“This is more than a programme, it is a movement toward empowering agents with the tools and mentorship they need to lead locally and achieve unparalleled success globally,” he said.
The programme addresses the need for in-country support by pairing eXp agents with experienced Local Sponsors in their respective markets, while they provide hands-on guidance to ensure agents successfully implement eXp Realty's cutting-edge tools and thrive in their local real estate landscapes.
For agents with an international sponsor, the Local Sponsor Partnership Program ensures they receive personalised, in-country support to navigate their markets effectively.
The programme also opens opportunities for experienced eXp agents to become Local Sponsors, enabling them to lead locally and earn level-one revenue share earnings from their sponsee’s transactions.
With this new initiative, eXp Realty agents can now benefit from a robust support system that strengthens local leadership and fosters collaboration across global markets.
-- BERNAMA
This innovative initiative is designed to enhance local expertise while fostering global growth for eXp Realty agents, according to a statement.
eXp World Holdings Founder, Chairman and Chief Executive Officer, Glenn Sanford said the programme empowers its agents with the resources and mentorship needed to succeed in their local markets while growing globally.
“This programme represents the essence of eXp Realty’s commitment to agent success by providing a collaborative framework that drives innovation, growth and local expertise.
“This is more than a programme, it is a movement toward empowering agents with the tools and mentorship they need to lead locally and achieve unparalleled success globally,” he said.
The programme addresses the need for in-country support by pairing eXp agents with experienced Local Sponsors in their respective markets, while they provide hands-on guidance to ensure agents successfully implement eXp Realty's cutting-edge tools and thrive in their local real estate landscapes.
For agents with an international sponsor, the Local Sponsor Partnership Program ensures they receive personalised, in-country support to navigate their markets effectively.
The programme also opens opportunities for experienced eXp agents to become Local Sponsors, enabling them to lead locally and earn level-one revenue share earnings from their sponsee’s transactions.
With this new initiative, eXp Realty agents can now benefit from a robust support system that strengthens local leadership and fosters collaboration across global markets.
-- BERNAMA
Friday, 29 November 2024
FORTUDE EXPANDS PARTNERSHIP WITH INFOR TO BOOST GROWTH IN ANZ AS CHANNEL PARTNER
KUALA LUMPUR, Nov 29 (Bernama) -- Fortude, a global digital solutions company has been appointed an Infor Channel Partner for Australia and New Zealand (ANZ), marking a significant expansion of its long-standing partnership with Infor.
According to Fortude in a statement, the company has the potential to exponentially grow its business by entering the channel network space.
For over a decade, Fortude has been an Infor Alliance Partner, helping businesses in the region implement, optimise and successfully manage their Infor solutions.
“This expanded partnership allows us to deliver comprehensive end-to-end software and services from solution design to delivery, ensuring you get the full benefit of Infor’s powerful tools across ERP, supply chain, financials, and more.”
“Our new role as a Channel Partner enables us to provide a complete experience for a customer’s specific business needs, helping optimise operations, improve performance, and accelerate growth,” said Fortude Chief Revenue Officer for APAC, Cameron Greening.
Meanwhile, welcoming Fortude as a channel partner for ANZ, Infor Senior Vice President and General Manager, Asia Pacific and Japan, Terry Smagh expressed enthusiasm about Fortude's expanded role, highlighting the importance of strategic collaborations for Infor’s growth in the region.
Smagh explained Fortude’s expertise in vertical industries, such as food & beverage, manufacturing, and distribution, complements Infor’s multi-tenant CloudSuites with GenAI and industry-specific automation.
Fortude has worked with many long-standing customers such as Australian dairy giant Bega, ForestOne and Patties Foods, and now plans to scale its offering and broaden its experience through this channel space.
The expansion into the channel partner space further underscores the company’s continued commitment to delivering customer value, complementing its ongoing investments in services, solutions and artificial intelligence (AI) technology.
-- BERNAMA
According to Fortude in a statement, the company has the potential to exponentially grow its business by entering the channel network space.
For over a decade, Fortude has been an Infor Alliance Partner, helping businesses in the region implement, optimise and successfully manage their Infor solutions.
“This expanded partnership allows us to deliver comprehensive end-to-end software and services from solution design to delivery, ensuring you get the full benefit of Infor’s powerful tools across ERP, supply chain, financials, and more.”
“Our new role as a Channel Partner enables us to provide a complete experience for a customer’s specific business needs, helping optimise operations, improve performance, and accelerate growth,” said Fortude Chief Revenue Officer for APAC, Cameron Greening.
Meanwhile, welcoming Fortude as a channel partner for ANZ, Infor Senior Vice President and General Manager, Asia Pacific and Japan, Terry Smagh expressed enthusiasm about Fortude's expanded role, highlighting the importance of strategic collaborations for Infor’s growth in the region.
Smagh explained Fortude’s expertise in vertical industries, such as food & beverage, manufacturing, and distribution, complements Infor’s multi-tenant CloudSuites with GenAI and industry-specific automation.
Fortude has worked with many long-standing customers such as Australian dairy giant Bega, ForestOne and Patties Foods, and now plans to scale its offering and broaden its experience through this channel space.
The expansion into the channel partner space further underscores the company’s continued commitment to delivering customer value, complementing its ongoing investments in services, solutions and artificial intelligence (AI) technology.
-- BERNAMA
Thursday, 28 November 2024
WELSPUN ONE INVESTS US$325 MLN TO DEVELOP INDIA'S LARGEST LOGISTICS FACILITY
KUALA LUMPUR, Nov 28 (Bernama) -- Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing US$325 million in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. (US$1=RM4.43)
According to a statement, this facility, which spread across 55 acres and is India’s first-of-its-kind integrated port-based logistics ecosystem, will transform the Asia Pacific supply chain.
Originally envisaged as a 1.2 million square feet (sq ft) park, which entailed an investment of US$84 million, the company has now upscaled the development to approximately 4.45 million sq ft of built-up area to cater to the growing export-import demand arising at the JNPA Port.
Welspun One Managing Director, Anshul Singhal said this investment represents not just a milestone for the company but a bold step forward in transforming India’s logistics landscape.
“By identifying the strategic location and partnering with a global team of world-class designers and engineers from Japan, Singapore, and the Middle East, we are building an international facility that delivers on the dual imperatives of efficiency and cost-effectiveness,” he said.
JNPA, handling approximately 35 per cent of India’s maritime traffic, is the largest container port by throughput. This prime location presents an unprecedented opportunity for the SEZ/Free Trade Warehousing Zones (FTWZ) segment to scale, particularly as the region has historically faced constraints in integrated facility solutions.
Welspun One’s facility addresses this gap by offering businesses across sectors like chemicals, automotive, fast-moving consumer goods (FMCG), pharmaceutical, and electronics with an integrated, cost efficient logistics solution in a high potential area.
The state-of-the-art facility is strategically located near critical transport hubs, offering significant logistical advantages. It will feature 3.95 million sq ft of warehousing space, alongside industrial and office spaces, with a high capacity for cargo handling and truck parking.
The project is expected to generate direct and indirect employment for over 5,000 people, strengthening the local economy, as well as providing occupiers additional benefits such as exemption of Goods and Services Tax (GST), customs duty deferment, faster customs clearance, and minimal detention or demurrage risks.
All of this enables seamless movement of goods and optimised inventory management, resulting in improved operational efficiency and significant cost savings of up to 15 per cent, in addition to improving the logistical efficiency of the port making the project an ideal hub for international businesses looking to optimise their supply chains.
-- BERNAMA
Wednesday, 27 November 2024
TELEDYNE LAUNCHES Z-TRAK 3D APPS STUDIO SOFTWARE TOOLS FOR IN-LINE 3D MEASUREMENT AND INSPECTION
WATERLOO, Canada, Nov 27 (Bernama-GLOBE NEWSWIRE) -- Teledyne DALSA is pleased to introduce Z-Trak™ 3D Apps Studio, a suite of software tools developed for in-line 3D machine vision applications. Designed to work with Teledyne DALSA’s Z-Trak family of laser profilers, it simplifies 3D dimensional measurement and inspection tasks on production lines. Capable of handling 3D scans of objects with varied surface types, sizes and geometric features, Z-Trak 3D Apps Studio is ideal for factory automation applications across a wide range of industries including electric vehicles (EV batteries, motor stators etc.), automotive, electronics, semiconductors, packaging, logistics, metal fabrication, lumber, and many more.
Z-Trak 3D Apps Studio features streamlined tools for measuring object thickness, inspecting glue-beads, weld seams, and identifying defects on flat, inclined, and curved surfaces on machined, assembled, or extruded parts. It also includes anchoring and data enhancement features like reflection elimination to ensure reliable and repeatable results under diverse operating conditions.
Teledyne’s Z-Trak family of laser profilers features various multi-sensor topologies to enhance the field of view while preserving height resolution, to overcome occlusion, or to provide a 360° view of objects for inspection and measurements. Z-Trak 3D Apps Studio simultaneously acquires, processes, and analyzes 3D scans and 2D gray scale images (reflectance data) all with 3D visualization capabilities.
For easy integration and quick deployment, the Z-Trak 3D Apps Studio is accessible via Sherlock 8.30 (or higher), a field proven, no-code, graphical development environment for factory floor applications. Z-Trak 3D laser profilers include a Sherlock 8 license for in-line measurement applications.
For more details, please visit the product page, and for sales enquiries, visit our contact page.
Teledyne Vision Solutions offers the world’s most comprehensive, vertically integrated portfolio of industrial and scientific imaging technology. Aligned under one umbrella, Teledyne DALSA, e2v CMOS image sensors, FLIR IIS, Lumenera, Photometrics, Princeton Instruments, Judson Technologies, Acton Optics, and Adimec form an unrivalled collective of expertise across the spectrum with decades of experience and best-in-class solutions. Together, they combine and leverage each other’s strengths to provide the deepest, widest sensing and related technology portfolio in the world. Teledyne offers worldwide customer support and the technical expertise to handle the toughest tasks. Their tools, technologies, and vision solutions are built to deliver to their customers a unique and competitive advantage.
Media Contact
Jessica Broom
Jessica.broom@teledyne.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5799ec0e-e23c-43ca-ac8f-7980811c661a
SOURCE : Teledyne DALSA
Z-Trak 3D Apps Studio features streamlined tools for measuring object thickness, inspecting glue-beads, weld seams, and identifying defects on flat, inclined, and curved surfaces on machined, assembled, or extruded parts. It also includes anchoring and data enhancement features like reflection elimination to ensure reliable and repeatable results under diverse operating conditions.
Teledyne’s Z-Trak family of laser profilers features various multi-sensor topologies to enhance the field of view while preserving height resolution, to overcome occlusion, or to provide a 360° view of objects for inspection and measurements. Z-Trak 3D Apps Studio simultaneously acquires, processes, and analyzes 3D scans and 2D gray scale images (reflectance data) all with 3D visualization capabilities.
For easy integration and quick deployment, the Z-Trak 3D Apps Studio is accessible via Sherlock 8.30 (or higher), a field proven, no-code, graphical development environment for factory floor applications. Z-Trak 3D laser profilers include a Sherlock 8 license for in-line measurement applications.
For more details, please visit the product page, and for sales enquiries, visit our contact page.
Teledyne Vision Solutions offers the world’s most comprehensive, vertically integrated portfolio of industrial and scientific imaging technology. Aligned under one umbrella, Teledyne DALSA, e2v CMOS image sensors, FLIR IIS, Lumenera, Photometrics, Princeton Instruments, Judson Technologies, Acton Optics, and Adimec form an unrivalled collective of expertise across the spectrum with decades of experience and best-in-class solutions. Together, they combine and leverage each other’s strengths to provide the deepest, widest sensing and related technology portfolio in the world. Teledyne offers worldwide customer support and the technical expertise to handle the toughest tasks. Their tools, technologies, and vision solutions are built to deliver to their customers a unique and competitive advantage.
Media Contact
Jessica Broom
Jessica.broom@teledyne.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5799ec0e-e23c-43ca-ac8f-7980811c661a
SOURCE : Teledyne DALSA
Tuesday, 26 November 2024
EMGA SECURES US$210M FROM EIB FOR BRAZIL'S BTG PACTUAL
LONDON, 26 Nov (Bernama-GLOBE NEWSWIRE) -- Emerging Markets Global Advisory Limited (EMGA) announces today they have secured US210M debt finance for their long-standing Brazil based client; BTG Pactual.
The US$210 million debt facility was provided by EIB and the follows on from previous facilities arranged by EMGA.
Sajeev Chakkalakal, Managing Director and Head of Investment Banking at EMGA, said: "Yet again we are delighted to have arranged this landmark transaction aimed at funding BTG’s Green Lending portfolio and the resultant strong net positive benefits for climate sustainability. EIB remains a key investor relationship for EMGA, and we are proud to have helped them increase their presence in Brazil as part of their broader EIB Global strategy.
Jeremy Dobson, Managing Director, and Head of Operations at EMGA, added: “It was a pleasure to work with BTG again on an additional financing with a new Development Financial Institution (DFI). We look forward to continuing our strong track record of arranging financing in Brazil and the rest of Latin America.”
BTG Pactual: BTG is the largest investment bank in Latin America, the 6th largest bank in Brazil by shareholders equity and a key player in providing loans and guarantees to a broad set of clients, from SMEs to large corporations. BTG is a pioneer in promoting climate finance in Brazil and plays a pivotal role in channeling resources towards projects with a positive impact in the community.
EIB: EIB is The European Investment Bank (EIB) is the European Union's investment bank and is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions and focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure.
Emerging Markets Global Advisory LLP (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA’s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including Brazil which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues to deliver geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.
Contact info@emergingmarketsglobaladvisory.com
SOURCE : Emerging Markets Global Advisory
The US$210 million debt facility was provided by EIB and the follows on from previous facilities arranged by EMGA.
Sajeev Chakkalakal, Managing Director and Head of Investment Banking at EMGA, said: "Yet again we are delighted to have arranged this landmark transaction aimed at funding BTG’s Green Lending portfolio and the resultant strong net positive benefits for climate sustainability. EIB remains a key investor relationship for EMGA, and we are proud to have helped them increase their presence in Brazil as part of their broader EIB Global strategy.
Jeremy Dobson, Managing Director, and Head of Operations at EMGA, added: “It was a pleasure to work with BTG again on an additional financing with a new Development Financial Institution (DFI). We look forward to continuing our strong track record of arranging financing in Brazil and the rest of Latin America.”
BTG Pactual: BTG is the largest investment bank in Latin America, the 6th largest bank in Brazil by shareholders equity and a key player in providing loans and guarantees to a broad set of clients, from SMEs to large corporations. BTG is a pioneer in promoting climate finance in Brazil and plays a pivotal role in channeling resources towards projects with a positive impact in the community.
EIB: EIB is The European Investment Bank (EIB) is the European Union's investment bank and is the largest multilateral financial institution in the world. The EIB finances and invests both through equity and debt solutions and focuses on the areas of climate, environment, small and medium-sized enterprises (SMEs), development, cohesion and infrastructure.
Emerging Markets Global Advisory LLP (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA’s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including Brazil which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues to deliver geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.
Contact info@emergingmarketsglobaladvisory.com
SOURCE : Emerging Markets Global Advisory
Thursday, 21 November 2024
TIGO ENERGY, SOLAR HIVE TO SHOWCASE SOLAR SAFETY TECH SOLUTIONS AT MALAYSIA EVENT
KUALA LUMPUR, Nov 21 (Bernama) -- Tigo Energy Inc (Tigo), an intelligent solar and energy software solutions provider, has announced plans to present on advanced solar safety technology with regional equipment distribution leader, Solar Hive, at an event in Kuala Lumpur on Nov 25.
At the Tigo Solar Hive Technical Event, the presentation will focus on the growing importance of solar safety and how installers can comply with new regulations in the Malaysian market, while highlighting their innovative solar rapid shutdown and monitoring solutions.
Tigo Energy chief marketing and customer experience officer, James (JD) Dillon stressed the urgency in preparing installers for rapid shutdown standards, highlighting the importance of the seminar in providing both educational materials and practical lessons from global markets.
“The Malaysian market has tremendous potential for solar, and we look forward to supporting this growth,” he said in a statement.
With rapid shutdown gaining significant attention in Malaysia and backing from fire safety organisations, the event aims to address the growing need for such systems. Tigo's collaboration with Solar Hive will showcase the Tigo TS4-X product line, which enables installers to use high-power modules up to 800 watts, suitable for commercial, industrial, and utility-scale applications.
This product incorporates Tigo’s patented technology and is compatible with 980 inverter models from 48 third-party brands. With its safety, monitoring, and optimisation features, the TS4-X series ensures efficiency and versatility for energy-critical sectors.
Guidelines on fire safety for rooftop solar installations in Malaysia, issued by the Fire and Rescue Department of Malaysia (JBPM), are paving the way for rapid shutdown requirements similar to those in the United States and increasingly adopted worldwide.
Tigo sees this as an opportunity to educate stakeholders on the value of these systems, helping to mitigate critical risks and enhance safety in rooftop solar installations. As a leader in module-level power electronics (MLPE), Tigo demonstrates how its solutions ensure compliance while improving safety and operational efficiency.
Also at the event, both companies will provide educational materials, including case studies from successful installations across Asia, along with hands-on training on rapid shutdown and monitoring technologies enabled by the Tigo Energy Intelligence platform to further advance Malaysia’s solar community.
-- BERNAMA
AM Best Joins 14th ASEAN Insurance Congress On Nov 25
KUALA LUMPUR, Nov 20 (Bernama) -- Global credit rating agency, AM Best will participate in the 14th annual Association of Southeast Asian Nations (ASEAN) Insurance Congress, scheduled for Nov 25, in Jerudong, Brunei Darussalam.
AM Best’s Singapore operations managing director and chief executive officer (CEO), Rob Curtis will moderate a CEO panel discussion titled, “Forward-Looking Strategies for Future Growth: Expanding Markets, Innovating Products, and Strengthening Customer Connections in the ASEAN Insurance Sector”.
According to AM Best in a statement, joining the panel will be Asian Institute of Insurance CEO, Paul Low Hong Ceong; Syarikat Takaful Brunei Darussalam managing director and CEO, Shahrildin Jaya; eBaoTech and InsureMO CEO and founder, Dr Woody Mo; and Malaysian Takaful Association CEO, Mohd Radzuan Mohamed.
ASEAN was established in August 1967 and currently consists of 10 member states. The ASEAN Insurance Council is the main regional platform for insurance industry participants to share their expertise in various areas of the insurance industry.
Themed “Navigating Disruptions Towards a Sustainable ASEAN Insurance Industry”, the 14th annual ASEAN Insurance Congress will be held at the Empire Brunei, in which AM Best is a bronze sponsor of the event.
-- BERNAMA
Monday, 18 November 2024
AV AIRFINANCE TO STRENGTHEN GLOBAL AIRLINE RELATIONS WITH EXECUTIVE APPOINTMENT
KUALA LUMPUR, Nov 18 (Bernama) -- AV AirFinance Limited (AV AirFinance), a global commercial aviation loan servicer, has appointed Jonathan O’Dowd as Senior Vice President, Investments.
Based in Singapore, O’Dowd will be responsible for credit underwriting and strategic airline relations globally, according to a statement.
AV AirFinance Chief Executive Officer, Stephen Murphy, said the company is delighted to welcome O’Dowd to the AV AirFinance team.
“Jonathan has a strong track record in building and managing airline relationships, and his extensive network will be a great benefit to our expanding direct-to-airline business,” he said.
O’Dowd brings over 14 years of experience in aviation and asset finance. Prior to joining AV AirFinance, he served as Director of Aviation Risk at Castlelake, where he worked on risk and strategic initiatives.
His extensive network and experience in building long-term relationships with airlines have enabled him to source and structure opportunities such as pre-delivery payment (PDP) financings, rated structures, and finance leases.
Headquartered in Dublin, Ireland with offices in the United States and Singapore, AV AirFinance focuses on arranging financing for commercial aircraft to airlines, lessors, manufacturers, cargo operators and investors, secured by new and used commercial aircraft and engines.
-- BERNAMA
Based in Singapore, O’Dowd will be responsible for credit underwriting and strategic airline relations globally, according to a statement.
AV AirFinance Chief Executive Officer, Stephen Murphy, said the company is delighted to welcome O’Dowd to the AV AirFinance team.
“Jonathan has a strong track record in building and managing airline relationships, and his extensive network will be a great benefit to our expanding direct-to-airline business,” he said.
O’Dowd brings over 14 years of experience in aviation and asset finance. Prior to joining AV AirFinance, he served as Director of Aviation Risk at Castlelake, where he worked on risk and strategic initiatives.
His extensive network and experience in building long-term relationships with airlines have enabled him to source and structure opportunities such as pre-delivery payment (PDP) financings, rated structures, and finance leases.
Headquartered in Dublin, Ireland with offices in the United States and Singapore, AV AirFinance focuses on arranging financing for commercial aircraft to airlines, lessors, manufacturers, cargo operators and investors, secured by new and used commercial aircraft and engines.
-- BERNAMA
BERMUDA’S EVERGREEN INSURANCE CREDIT RATINGS DOWNGRADED - AM BEST
KUALA LUMPUR, Nov 18 (Bernama) -- AM Best has downgraded the financial strength rating to A- (excellent) from A (excellent) and the long-term issuer credit rating to “a-” (excellent) from “a” (excellent) of Bermuda’s Evergreen Insurance Company Limited (EICL).
These credit ratings (ratings) which have a stable outlook, reflect EICL’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
In a statement, the global credit rating agency said the ratings also reflected the parental support EICL received from Evergreen International S.A. and Evergreen International Corporation in terms of capital, business development, operations and risk management.
The rating downgrades reflect changes to EICL’s operating performance and business profile assessment, based on the company’s latest business plan to cease underwriting new business starting from mid-May 2024.
AM Best revised the company’s operating performance assessment to adequate from strong given that its top-line and bottom-line results are projected to drop materially in the next two years, while its business profile assessment revised to limited from neutral due to the planned reduction in business scale.
As measured by Best’s Capital Adequacy Ratio, EICL’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the strongest level at year-end 2023.
As a pure captive of Evergreen Group, EICL’s in-force underwriting portfolio primarily consists of marine, aviation and property risks related to the group’s operations.
The company has historically been a beneficiary of support from its shareholders and the wider parent group. AM Best expects EICL’s shareholders will remain committed and continue to render support to the company during the run-off period in terms of capital, risk management and operations, if needed.
-- BERNAMA
BYD EXPANDS ENERGY STORAGE PARTNER PROGRAMME, UNVEILS NEW PRODUCTS
KUALA LUMPUR, Nov 18 (Bernama) -- BYD Co Ltd has expanded its partner programme for BYD Energy Storage solutions recently during a partner conference at its headquarters.
In November this year, the company hosted the conference, providing an opportunity for partners to share their experiences, engage with the technical team, and receive an exclusive preview of upcoming products and features.
BYD Energy Storage general manager, Yin Xiaoqiang said the company is committed to continuous investment in research and development (R&D), as well as in production facilities, to ensure its energy storage solutions are not only leading the innovation curve but also produced with the highest safety standards and in a cost-efficient way.
“Another important factor in our product development is active dialogue with our partners and customers. Therefore, regular meetings with partners from the distribution and installation sector, are part of our partner programme.
“We take their feedback and insights seriously and advance our solutions to help them address current and future demands in the efficient use and storage of renewable energy,” he said in a statement.
A key goal of the conference was to gain insights into current market challenges the partners are facing and how the energy storage solutions can assist in overcoming them. Many wholesalers and installers reported that customer hesitations to invest into photovoltaic (PV) and related technology has been a barrier due to a current market slowdown.
However, they confirmed that solutions such as the BatteryBox series have been instrumental in attracting customers, as the demand for integrated PV and energy storage solutions continues to grow.
The high charging power of the BYD BatteryBox systems was also highlighted as a significant advantage, especially in light of trends like bidirectional charging and dynamic electricity pricing.
In addition to the user conference and a tour of BYD’s headquarters, partners were given a look behind the scenes at one of its most advanced production facilities in Nanning, specialising in the R&D and manufacturing of energy storage cells and systems from May 2023.
-- BERNAMA
In November this year, the company hosted the conference, providing an opportunity for partners to share their experiences, engage with the technical team, and receive an exclusive preview of upcoming products and features.
BYD Energy Storage general manager, Yin Xiaoqiang said the company is committed to continuous investment in research and development (R&D), as well as in production facilities, to ensure its energy storage solutions are not only leading the innovation curve but also produced with the highest safety standards and in a cost-efficient way.
“Another important factor in our product development is active dialogue with our partners and customers. Therefore, regular meetings with partners from the distribution and installation sector, are part of our partner programme.
“We take their feedback and insights seriously and advance our solutions to help them address current and future demands in the efficient use and storage of renewable energy,” he said in a statement.
A key goal of the conference was to gain insights into current market challenges the partners are facing and how the energy storage solutions can assist in overcoming them. Many wholesalers and installers reported that customer hesitations to invest into photovoltaic (PV) and related technology has been a barrier due to a current market slowdown.
However, they confirmed that solutions such as the BatteryBox series have been instrumental in attracting customers, as the demand for integrated PV and energy storage solutions continues to grow.
The high charging power of the BYD BatteryBox systems was also highlighted as a significant advantage, especially in light of trends like bidirectional charging and dynamic electricity pricing.
In addition to the user conference and a tour of BYD’s headquarters, partners were given a look behind the scenes at one of its most advanced production facilities in Nanning, specialising in the R&D and manufacturing of energy storage cells and systems from May 2023.
-- BERNAMA
Sunday, 17 November 2024
AM BEST REVISES CREDIT RATING OUTLOOKS TO POSITIVE FOR MS FIRST CAPITAL INSURANCE LIMITED
SINGAPORE, Nov 15 (Bernama-BUSINESS WIRE) -- AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of MS First Capital Insurance Limited (MSFC) (Singapore).
The Credit Ratings (ratings) reflect MSFC’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. In addition, the ratings factor in rating enhancement from Mitsui Sumitomo Insurance Company Limited, for whom the ultimate parent is MS&AD Insurance Group Holdings, Inc.
The positive outlooks reflect an improvement in MSFC’s balance sheet strength fundamentals, supported by the company’s prudent capital management strategy and robust stress testing framework. The company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remained at the strongest level as at year-end 2023 and is expected to be maintained at this level over the medium term. Strong and consistent internal capital generation has enabled the company to grow its capital size considerably over the past ten years, with shareholders’ equity reaching SGD 1.2 billion as at year-end 2023 from SGD 411.8 million as at year-end 2013. AM Best views MSFC’s investment portfolio as conservative, consisting mainly of cash, term deposits and high-quality bonds. Notwithstanding, the company maintain a high reliance on reinsurance to support the underwriting of large risks and to manage its accumulation of catastrophe exposures, although credit risk is mitigated partially by the good credit quality of its reinsurance panel.
AM Best views MSFC’s operating performance as strong, as evidenced by its consistently favourable return-on-equity (ROE) ratio. In 2023, the company achieved an ROE ratio of 12.1%, supported by good performance in underwriting and investment operations. The company’s underwriting discipline and technical expertise in core lines of business and markets have enabled its achievement of stable and robust underwriting returns. In addition, investment results, arising mainly from interest income, also continue to contribute positively to the company’s overall profitability.
AM Best assesses MSFC’s business profile as neutral. The company is a dominant non-life insurer in Singapore, with strong branding and technical expertise. MSFC’s underwriting portfolio is well-diversified by geography, whereby a large volume of overseas business is sourced from various markets within Asia. MSFC maintains long-standing relationships with brokers and reinsurers, which continue to support the company’s access to quality business in markets. Additionally, the company continues to receive business referrals from affiliates of its parent group.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
The positive outlooks reflect an improvement in MSFC’s balance sheet strength fundamentals, supported by the company’s prudent capital management strategy and robust stress testing framework. The company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remained at the strongest level as at year-end 2023 and is expected to be maintained at this level over the medium term. Strong and consistent internal capital generation has enabled the company to grow its capital size considerably over the past ten years, with shareholders’ equity reaching SGD 1.2 billion as at year-end 2023 from SGD 411.8 million as at year-end 2013. AM Best views MSFC’s investment portfolio as conservative, consisting mainly of cash, term deposits and high-quality bonds. Notwithstanding, the company maintain a high reliance on reinsurance to support the underwriting of large risks and to manage its accumulation of catastrophe exposures, although credit risk is mitigated partially by the good credit quality of its reinsurance panel.
AM Best views MSFC’s operating performance as strong, as evidenced by its consistently favourable return-on-equity (ROE) ratio. In 2023, the company achieved an ROE ratio of 12.1%, supported by good performance in underwriting and investment operations. The company’s underwriting discipline and technical expertise in core lines of business and markets have enabled its achievement of stable and robust underwriting returns. In addition, investment results, arising mainly from interest income, also continue to contribute positively to the company’s overall profitability.
AM Best assesses MSFC’s business profile as neutral. The company is a dominant non-life insurer in Singapore, with strong branding and technical expertise. MSFC’s underwriting portfolio is well-diversified by geography, whereby a large volume of overseas business is sourced from various markets within Asia. MSFC maintains long-standing relationships with brokers and reinsurers, which continue to support the company’s access to quality business in markets. Additionally, the company continues to receive business referrals from affiliates of its parent group.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241114617531/en/
Contact
Xin Ya Ong
Associate Financial Analyst
+65 6303 5024
xinya.ong@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Chris Lim
Associate Director, Analytics
+65 6303 5018
chris.lim@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source : AM Best
--BERNAMA
Saturday, 16 November 2024
AM Best Affirms Excellent Ratings For Malaysia’s Labuan Re
KUALA LUMPUR, Nov 15 (Bernama) -- Global credit rating agency, AM Best has affirmed Malaysia’s Labuan Reinsurance (L) Ltd (Labuan Re) financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent).
In a statement, AM Best said these credit ratings (ratings) which have a stable outlook, reflected Labuan Re’s balance sheet strength, which was assessed as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Labuan Re’s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio, which is at the strongest level at year-end 2023.
The company adopts a prudent capital management approach to support risk-adjusted capitalisation at the strongest level over the medium term, along with an appropriate regulatory solvency position, with its investment portfolio focused on cash, deposits and fixed-income securities, albeit with modest exposure to higher-risk asset classes such as equities.
Partially offsetting balance sheet strength factors include Labuan Re’s exposure to natural catastrophe risks relative to the size of its capital base, which emanates from its regional reinsurance and international operations through its participation in Lloyd’s syndicates (Lloyd’s).
AM Best views Labuan Re’s operating performance as adequate, in which the company’s earnings were historically driven by investment returns, arising from interest income and gains from its bond and equity investments.
In 2023 and the first half of this year, Labuan Re reported robust operating performance, driven by favourable underwriting results and investment return.
The company’s business profile was assessed as neutral given its position as a well-established regional non-life reinsurer in addition to the company’s business profile continuing to benefit from portfolio diversification through its participation as a corporate member in Lloyd’s.
Despite reduced participation in Lloyd’s business, Labuan Re’s gross premium has exhibited moderate growth, driven by product initiatives and its positioning in the reinsurance market.
-- BERNAMA
ROOM TO READ APPOINTS ALAN MIYASAKI AND PETER WARWICK TO GLOBAL BOARD OF DIRECTORS
SAN FRANCISCO, Nov 15 (Bernama-BUSINESS WIRE) -- Room to Read, a global education organization focused on nurturing children’s foundational learning skills, today announced the appointment of Alan Miyasaki and Peter Warwick to its global board of directors.
“I am thrilled to welcome both Alan and Peter to our global board," said Dr. Geetha Murali, Room to Read CEO. “As Room to Read enters our 25th anniversary year and embarks on a new strategy and directional outlook for the years ahead, both Alan and Peter offer unique strategic leadership experience and insight that will be instrumental in helping Room to Read accelerate global learning outcomes to benefit more children, more quickly.”
Alan Miyasaki is a Senior Managing Director and the Head of Real Estate Asia Acquisitions at Blackstone. Since 2007, Miyasaki has played a key role in building Blackstone’s Real Estate business in Asia including executing investments in Greater China, India, Singapore, Japan, South Korea, Australia and New Zealand. Before joining Blackstone, he was with Starwood Capital Group, where he worked in acquisitions. Miyasaki has been a member of Room to Read’s regional board network for more than a decade. He also serves on the boards of Crown Resorts Ltd. and the Wharton Alumni Executive Board.
Peter Warwick is President and CEO of Scholastic Inc., the children’s and educational publisher. Previously, he held leadership roles at Thomson Reuters and began his career at Pearson. He is a past Chair of the Board of Trustees of the Queens Museum; President of Thomson Reuters Foundation Inc.; Chair of The Olana Partnership; a past member of the African Acquisitions Committee of Tate Modern; and member of the Learning and Engagement Committee of the Museum of Modern Art, New York. Since 2001, Scholastic has been an integral partner of Room to Read, providing more than 1.8 million books to our libraries across South Africa, Tanzania, Cambodia, India and Sri Lanka – helping children develop a love and habit of reading. Room to Read also recently welcomed Frank Wong, President of Scholastic Asia, to Room to Read’s Asia Pacific regional board.
A full listing of Room to Read’s global board of directors can be found here.
About Room to Read:
Founded in 2000 on the belief that World Change Starts with Educated Children®, Room to Read develops children’s foundational literacy skills, as well as life skills that promote gender equality. We nurture these essential skills in children by training and coaching educators, creating quality learning materials and spaces, strengthening education systems, and delivering programs directly and with partners – all while honoring the dignity of every child. Committed to accelerating learning outcomes for more children, more quickly, we have benefited 45 million children across 24 countries. Room to Read envisions a world free from illiteracy and gender inequality, where all children have room to read, learn and grow. Visit us at www.roomtoread.org.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241114646182/en/
Contact
Anna Seeley
Room to Read
anna.seeley@roomtoread.org
+1 (925) 304-3393
Source : Room to Read
--BERNAMA
“I am thrilled to welcome both Alan and Peter to our global board," said Dr. Geetha Murali, Room to Read CEO. “As Room to Read enters our 25th anniversary year and embarks on a new strategy and directional outlook for the years ahead, both Alan and Peter offer unique strategic leadership experience and insight that will be instrumental in helping Room to Read accelerate global learning outcomes to benefit more children, more quickly.”
Alan Miyasaki is a Senior Managing Director and the Head of Real Estate Asia Acquisitions at Blackstone. Since 2007, Miyasaki has played a key role in building Blackstone’s Real Estate business in Asia including executing investments in Greater China, India, Singapore, Japan, South Korea, Australia and New Zealand. Before joining Blackstone, he was with Starwood Capital Group, where he worked in acquisitions. Miyasaki has been a member of Room to Read’s regional board network for more than a decade. He also serves on the boards of Crown Resorts Ltd. and the Wharton Alumni Executive Board.
Peter Warwick is President and CEO of Scholastic Inc., the children’s and educational publisher. Previously, he held leadership roles at Thomson Reuters and began his career at Pearson. He is a past Chair of the Board of Trustees of the Queens Museum; President of Thomson Reuters Foundation Inc.; Chair of The Olana Partnership; a past member of the African Acquisitions Committee of Tate Modern; and member of the Learning and Engagement Committee of the Museum of Modern Art, New York. Since 2001, Scholastic has been an integral partner of Room to Read, providing more than 1.8 million books to our libraries across South Africa, Tanzania, Cambodia, India and Sri Lanka – helping children develop a love and habit of reading. Room to Read also recently welcomed Frank Wong, President of Scholastic Asia, to Room to Read’s Asia Pacific regional board.
A full listing of Room to Read’s global board of directors can be found here.
About Room to Read:
Founded in 2000 on the belief that World Change Starts with Educated Children®, Room to Read develops children’s foundational literacy skills, as well as life skills that promote gender equality. We nurture these essential skills in children by training and coaching educators, creating quality learning materials and spaces, strengthening education systems, and delivering programs directly and with partners – all while honoring the dignity of every child. Committed to accelerating learning outcomes for more children, more quickly, we have benefited 45 million children across 24 countries. Room to Read envisions a world free from illiteracy and gender inequality, where all children have room to read, learn and grow. Visit us at www.roomtoread.org.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241114646182/en/
Contact
Anna Seeley
Room to Read
anna.seeley@roomtoread.org
+1 (925) 304-3393
Source : Room to Read
--BERNAMA
Friday, 15 November 2024
Northern Trust Expands APAC Presence With First Institutional Client In Fiji
KUALA LUMPUR, Nov 14 (Bernama) -- Northern Trust has been selected to provide custody services for Fiji’s sole compulsory superannuation fund, the Fiji National Provident Fund (FNPF).
As the only compulsory superannuation fund in Fiji, FNPF manages the retirement savings of Fijians in the workforce, according to Northern Trust in a statement.
To achieve its investment objectives, FNPF adopts a multi-asset class approach, investing in a range of assets, from listed equities and fixed-income securities to private markets and real estate.
“This win marks a major milestone in our commitment to the APAC region. What sets Northern Trust apart is our ability to tailor our comprehensive range of services and extended capabilities to meet FNPF's unique needs, which helped earn the fund’s trust and confidence.
Moving forward, we are committed to providing more holistic and collaborative solutions to support FNPF's growth, ensuring we remain a trusted partner for long-term success,” said Northern Trust Head of Asia Pacific, Angelo Calvitto.
Meanwhile, FNPF Chief Investment Officer, Naibuka Saune said: "Our goal is to provide our members with the best experience, and that meant finding a partner who could offer more comprehensive custodial services.
“Northern Trust has proven to be that partner, allowing us to shift our focus to core investment activities while they handle our custody needs.”
Northern Trust has an established network of offices across Asia Pacific (APAC) in Beijing, Bengaluru, Hong Kong, Kuala Lumpur, Manila, Melbourne, Pune, Singapore, Sydney and Tokyo.
The company has strong relationships with some of the region’s largest central banks, sovereign wealth funds, government agencies, corporations and asset managers, offering a comprehensive range of customised asset servicing, asset management and capital markets solutions.
-- BERNAMA
Thursday, 14 November 2024
CLOUDERA UNVEILS NEW AI ASSISTANT TO HELP SUPERCHARGE EFFICIENCY FOR DATA PRACTITIONERS
Cloudera Copilot for Cloudera AI accelerates productivity, enhances collaboration, and supports continuous learning to improve project outcomes for data scientists, engineers, and developers
SANTA CLARA, Calif. and PARIS, Nov 14 (Bernama-GLOBE NEWSWIRE) -- Cloudera, the only true hybrid platform for data, analytics, and AI, today announced at EVOLVE24 Paris, Cloudera Copilot for Cloudera AI, introducing secure and intelligent assistant capabilities that help to supercharge productivity and streamline data workflows. Built to meet the needs of data scientists, engineers, and developers, Cloudera Copilot improves reproducibility across projects, ultimately helping to enable enterprises to get trusted data, analytics, and AI applications into production faster than ever.
At the forefront of digital transformation and AI journeys, data practitioners face an increasingly complex web of productivity, collaboration, and duplication challenges. AI assistants overcome these challenges by enhancing the user experience for data practitioners, while providing IT leaders seeking secure AI-enhanced tools for peace of mind. By embedding an AI-powered assistant directly into Cloudera, Cloudera Copilot helps users write high-quality, consistent code and focus on innovation more effectively and securely.
Cloudera is one of the first data and analytics platform vendors to deliver an AI assistant specifically tailored for data practitioners, offering deep integration within data workflows in a secure, enterprise-grade platform that prioritizes compliance and governance. Cloudera Copilot operates within an AI ecosystem, delivering robust, AI-driven coding assistance while also providing on-demand support, reinforcing Cloudera’s position as a trusted data partner and the leader in secure, hybrid AI solutions.
Specifically, Cloudera Copilot:
· Automates code generation, data transformation, and troubleshooting, enabling data practitioners to focus on high-impact tasks and innovation.
· Provides consistent coding assistance, empowering teams to work more effectively across diverse languages, libraries, and workflows.
· Includes on-demand guidance, optimal solutions, and insights for users to maintain high coding standards, ultimately reducing errors and improving project outcomes.
“Data practitioners are the lifeblood of an enterprise and giving them AI-powered tools specifically designed to enhance their job performance offers benefits to a business as a whole,” said industry analyst, Sanjeev Mohan. “AI assistants like Cloudera Copilot expand the scope of employees who can access AI tools so an entire organization can capitalize fully on the benefits of AI. This unlocks greater visibility, efficiency, and productivity.”
“Cloudera is continuously modernizing our AI solutions to give our customers deeper access to data-driven insights at scale,” said Dipto Chakravarty, Chief Product Officer at Cloudera. “Today, Cloudera provides one of the fastest routes to achieving trusted AI initiatives, and Cloudera Copilot further accelerates enterprise’s ability to derive business value from their data via actionable insight.”
Visit our Cloudera blog to learn more about Cloudera Copilot for Cloudera AI.
About Cloudera
Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what was impossible—today and in the future.
To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
Contact
Jess Hohn-Cabana
cloudera@v2comms.com
SOURCE: Cloudera, Inc.
--BERNAMA
SANTA CLARA, Calif. and PARIS, Nov 14 (Bernama-GLOBE NEWSWIRE) -- Cloudera, the only true hybrid platform for data, analytics, and AI, today announced at EVOLVE24 Paris, Cloudera Copilot for Cloudera AI, introducing secure and intelligent assistant capabilities that help to supercharge productivity and streamline data workflows. Built to meet the needs of data scientists, engineers, and developers, Cloudera Copilot improves reproducibility across projects, ultimately helping to enable enterprises to get trusted data, analytics, and AI applications into production faster than ever.
At the forefront of digital transformation and AI journeys, data practitioners face an increasingly complex web of productivity, collaboration, and duplication challenges. AI assistants overcome these challenges by enhancing the user experience for data practitioners, while providing IT leaders seeking secure AI-enhanced tools for peace of mind. By embedding an AI-powered assistant directly into Cloudera, Cloudera Copilot helps users write high-quality, consistent code and focus on innovation more effectively and securely.
Cloudera is one of the first data and analytics platform vendors to deliver an AI assistant specifically tailored for data practitioners, offering deep integration within data workflows in a secure, enterprise-grade platform that prioritizes compliance and governance. Cloudera Copilot operates within an AI ecosystem, delivering robust, AI-driven coding assistance while also providing on-demand support, reinforcing Cloudera’s position as a trusted data partner and the leader in secure, hybrid AI solutions.
Specifically, Cloudera Copilot:
· Automates code generation, data transformation, and troubleshooting, enabling data practitioners to focus on high-impact tasks and innovation.
· Provides consistent coding assistance, empowering teams to work more effectively across diverse languages, libraries, and workflows.
· Includes on-demand guidance, optimal solutions, and insights for users to maintain high coding standards, ultimately reducing errors and improving project outcomes.
“Data practitioners are the lifeblood of an enterprise and giving them AI-powered tools specifically designed to enhance their job performance offers benefits to a business as a whole,” said industry analyst, Sanjeev Mohan. “AI assistants like Cloudera Copilot expand the scope of employees who can access AI tools so an entire organization can capitalize fully on the benefits of AI. This unlocks greater visibility, efficiency, and productivity.”
“Cloudera is continuously modernizing our AI solutions to give our customers deeper access to data-driven insights at scale,” said Dipto Chakravarty, Chief Product Officer at Cloudera. “Today, Cloudera provides one of the fastest routes to achieving trusted AI initiatives, and Cloudera Copilot further accelerates enterprise’s ability to derive business value from their data via actionable insight.”
Visit our Cloudera blog to learn more about Cloudera Copilot for Cloudera AI.
About Cloudera
Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what was impossible—today and in the future.
To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
Contact
Jess Hohn-Cabana
cloudera@v2comms.com
SOURCE: Cloudera, Inc.
--BERNAMA
MEDIDATA SECURES HIGHEST LEADERSHIP POSITION IN EVEREST GROUP'S FIRST LIFE SCIENCES CLINICAL TRIAL MANAGEMENT SYSTEM PRODUCTS PEAK MATRIX® ASSESSMENT
NEW YORK, Nov 14 (Bernama-BUSINESS WIRE) -- Medidata, a Dassault Systèmes brand and the leading provider of clinical trial solutions to the life sciences industry, has been recognized as a leader in Everest Group's first-ever Life Sciences Clinical Trial Management System Products PEAK Matrix® Assessment 2024. The report assessed 13 providers based on the market impact of their products and their ability to deliver successful, high-quality offerings.
Medidata Rave CTMS leads the industry by providing seamless, real-time patient data outputs that transform enrollment tracking and enable faster, data-driven decisions. Offering instant visibility for study teams, Rave CTMS streamlines collaboration, eliminates manual data entry, and accelerates trial timelines with exceptional accuracy.
“We are honored to be recognized as the highest leader in CTMS by Everest Group,” said Tom Doyle, chief technology officer, Medidata. “This accolade underscores our unwavering commitment to transforming research and reaffirms our strategy to deliver new, AI-powered experiences that reshape how organizations design, plan, and manage trials end-to-end with the greatest impact.”
Added Doyle, “In 2025, Medidata will embed AI-driven insights within study planning and execution solutions, enabling simulation of trial design, process simplification, and enhanced efficiency.”
Medidata is the only provider to be named a leader in Everest Group’s CTMS, electronic data capture (EDC) and decentralized clinical trial (DCT) assessments for its Medidata Rave EDC, Medidata Platform, and its work in DCT.
For more information, visit our website.
About Medidata
Medidata is powering smarter treatments and healthier people through digital solutions to support clinical trials. Celebrating 25 years of ground-breaking technological innovation across more than 34,000 trials and 10 million patients, Medidata offers industry-leading expertise, analytics-powered insights, and the largest patient-level historical clinical trial data set in the world. More than 1 million registered users across approximately 2,200 customers trust Medidata’s seamless, end-to-end platform to improve patient experiences, accelerate clinical breakthroughs, and bring therapies to market faster. A Dassault Systèmes brand (Euronext Paris: FR0014003TT8, DSY.PA), Medidata is headquartered in New York City and has been recognized as a Leader by Everest Group and IDC. Discover more at www.medidata.com and follow us @Medidata.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com.
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241112190210/en/
Contact
Medidata PR
Medidata.PR@3ds.com
Analyst Relations
Medidata.AR@3ds.com
Source : Medidata
--BERNAMA
Medidata Rave CTMS leads the industry by providing seamless, real-time patient data outputs that transform enrollment tracking and enable faster, data-driven decisions. Offering instant visibility for study teams, Rave CTMS streamlines collaboration, eliminates manual data entry, and accelerates trial timelines with exceptional accuracy.
“We are honored to be recognized as the highest leader in CTMS by Everest Group,” said Tom Doyle, chief technology officer, Medidata. “This accolade underscores our unwavering commitment to transforming research and reaffirms our strategy to deliver new, AI-powered experiences that reshape how organizations design, plan, and manage trials end-to-end with the greatest impact.”
Added Doyle, “In 2025, Medidata will embed AI-driven insights within study planning and execution solutions, enabling simulation of trial design, process simplification, and enhanced efficiency.”
Medidata is the only provider to be named a leader in Everest Group’s CTMS, electronic data capture (EDC) and decentralized clinical trial (DCT) assessments for its Medidata Rave EDC, Medidata Platform, and its work in DCT.
For more information, visit our website.
About Medidata
Medidata is powering smarter treatments and healthier people through digital solutions to support clinical trials. Celebrating 25 years of ground-breaking technological innovation across more than 34,000 trials and 10 million patients, Medidata offers industry-leading expertise, analytics-powered insights, and the largest patient-level historical clinical trial data set in the world. More than 1 million registered users across approximately 2,200 customers trust Medidata’s seamless, end-to-end platform to improve patient experiences, accelerate clinical breakthroughs, and bring therapies to market faster. A Dassault Systèmes brand (Euronext Paris: FR0014003TT8, DSY.PA), Medidata is headquartered in New York City and has been recognized as a Leader by Everest Group and IDC. Discover more at www.medidata.com and follow us @Medidata.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com.
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241112190210/en/
Contact
Medidata PR
Medidata.PR@3ds.com
Analyst Relations
Medidata.AR@3ds.com
Source : Medidata
--BERNAMA
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