Dr. Glenn Haifer and Ampersand Capital Partners Acquire Australian Biologics CDMO Luina Bio, Rebranding as AcuraBio ACN Newswire

Dr. Glenn Haifer and Ampersand Capital Partners Acquire Australian Biologics CDMO Luina Bio, Rebranding as AcuraBio

31 8 月, 2022
BRISBANE, AUS, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - AcuraBio (formerly Luina Bio), a leading Australian biopharmaceutical CDMO, has been acquired by biotech investor Dr. Glenn Haifer and Ampersand Capital Partners, a global healthcare private equity firm.With more than two decades of experience, AcuraBio is a globally focussed organization bringing innovative therapeutics to market for customers in the biotech, pharmaceutical, and animal health industries. AcuraBio provides recombinant proteins and vaccines, and complex live biotherapeutic products to customers on the leading edge in emerging therapeutics. The rebranding of the company signifies an innovative new growth phase for AcuraBio. As part of the transaction, Dr. Haifer and Ampersand are bringing significant investment to the company, with a focus on expanding the organization to better serve customers. To fuel additional growth, AcuraBio is planning to increase production facility capacity, and is actively evaluating expansion into new service offerings and technological capabilities. Dr. Haifer brings a wealth of experience to AcuraBio, as the former company Chairman and investor behind Australian biotech successes such as Agilex Biolabs and Avance Clinical. "We are very excited to be reinventing a company with such deep scientific experience," said Dr. Haifer. "With our deep expertise and commitment to further investment, AcuraBio will be a leader in the APAC region for international biopharma clients attracted by the technology, scientific excellence, and innovation we will bring to the platform. I am excited to leverage Ampersand's industry expertise as we take AcuraBio to the next level." Based in the US and with more than $3 billion of assets under management, Ampersand is exclusively focused on growth-oriented investments in the healthcare sector. Ampersand has previously partnered with leading CDMOs such as Brammer Bio, ArrantaBio, Vibalogics, and Genezen, and the firm is a highly experienced investor in the emerging therapeutics CDMO industry. David Anderson, General Partner at Ampersand, said "AcuraBio is strategically positioned in Australia to support international biopharma drug development. Australia has a strong reputation for clinical and scientific excellence which is the foundation to success for a company like AcuraBio. We are extremely pleased to be working with Dr. Haifer, who is a proven biotech investor and growth strategist with a real focus on client-centric service innovations."About AcuraBioAcuraBio Pty Ltd is one of Australia's most experienced biopharmaceutical CDMOs, offering trusted, client-focused services to both domestic and international clients for the past 20 years. AcuraBio offers significant quality, cost, and IP assurances for biopharma companies around the world. World-class researchers and proven facilities, a streamlined regulatory framework, generous tax incentives, and government funding make Australia a prime location for biotech research. AcuraBio has the following operating licenses: TGA (Australian FDA equivalent) license for the manufacture of human therapeutic APIs from biological and synthetic sources, APVMA (veterinary equivalent of the TGA) license for manufacture of sterile immunobiological products, OGTR license to produce products from genetically modified organisms, and a DAF facility license for import and use of biologic materials. Additional information about AcuraBio is available at www.acurabio.com.About Ampersand Capital PartnersFounded in 1988, Ampersand is a middle market private equity firm with more than $3 billion of assets under management dedicated to growth-oriented investments in the healthcare sector. With offices in Boston and Amsterdam, Ampersand leverages its unique blend of private equity and operating experience in seeking to build value and drive strong long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm's core healthcare sectors. Additional information about Ampersand is available at www.ampersandcapital.com. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Samaiden Group Posts 182% Jump in Full-Year Revenue ACN Newswire

Samaiden Group Posts 182% Jump in Full-Year Revenue

30 8 月, 2022
PETALING JAYA, Malaysia, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - Samaiden Group Berhad, a renewable energy (RE) specialist principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants today announced that for the fourth quarter ended 30 June 2022 (4Q FY2022), revenue increased 113.35% to RM53.68 million compared with RM25.16 million recorded in 4Q FY2021.Group Managing Director of Samaiden, Ir. Chow Pui HeeSamaiden registered profit before tax (PBT) of RM4.78 million for 4Q FY2022, which is an increase of 104.27% compared with RM2.34 million in 4Q FY2021 while profit after tax (PAT) recorded an increase of 95.43% to RM3.42 million compared with RM1.75 million in the corresponding quarter of the previous financial year.For the full year ended 30 June 2022 (FY2022), Samaiden registered revenue of RM150.72 million, which is an increase of 182.0% compared with RM53.44 million recorded in FY2021. Samaiden recorded a 103.73% gain in PBT to RM16.40 million in FY2022 compared with RM8.05 million while PAT increased 101.52% to RM11.93 million in FY2022 compared with RM5.92 million in the corresponding period of the previous financial year.EPCC services contributed more than 95% of Samaiden's total revenue for the year. Its other businesses are environmental consultancy and operation and maintenance.Group Managing Director of Samaiden, Ir. Chow Pui Hee said, "Our performance for FY2022 can be largely attributed to the increase in the number of EPCC projects and the contract value of these projects. We will continue to seek opportunities to secure more EPCC projects given government initiatives in encouraging sustainable energy sources as well as private sector adoption of RE as part of their Environmental, Social and Governance (ESG) initiatives." "These opportunities cover solar PV systems and also solar and non-solar power plants where we can leverage on our core competency and experience in providing end-to-end services. Beyond the domestic market, we are also seeking opportunities in Southeast Asia where ESG initiatives are also picking up. We announced in August 2022 to incorporate a joint venture company pursuant to the partnership with Aneka Jaringan Holdings Berhad to penetrate the RE market in Indonesia. This latest announcement is in addition to the setting up of a company in Vietnam in 2021 for potential solar projects.""We are cautiously optimistic for FY2023 as we also look to expand our presence through collaborating with our major shareholder, Chudenko Corporation, for projects in Malaysia and the region that will be beneficial for both parties. We are also encouraged by the recent government announcement approving the allocation of 1,200 MW of solar power as well as a new option for businesses to procure RE through the virtual power purchase agreement, which will start in the fourth quarter of 2022 through a quota of 600MW."Samaiden has an outstanding orderbook of RM358.0 million as of 30 June 2022 that will contribute positively to our financial performance over the next three years. About Samaiden Group BerhadSamaiden Group Berhad, through its subsidiary is a renewable energy (RE) specialist incorporated in 2013, principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants. Samaiden Group's other activities include the provision of RE and environmental consulting services, as well as operation and maintenance (O&M) services. For more information, visit samaiden.com.my. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Malaysian Genomics Reports RM28.36 Million Full-Year Revenue ACN Newswire

Malaysian Genomics Reports RM28.36 Million Full-Year Revenue

30 8 月, 2022
PETALING JAYA, Malaysia, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - Malaysian Genomics Resource Centre Berhad, a leading genomics and biopharmaceutical specialist, reported revenue of RM6.33 million for the fourth quarter ended 30 June 2022 (4Q 2022) compared with the loss of RM0.07 million in the corresponding quarter of the previous financial year (4Q 2021) on higher contribution from the biopharmaceutical business and continued organic growth of the genetic testing business.Sasha Nordin, Chief Executive Officer of Malaysian GenomicsThe Group recorded a profit before tax (PBT) of RM2.97 million for the quarter under review compared with a loss before tax (LBT) of RM2.11 million in 4Q 2021 due to higher profit margin from the biopharmaceutical business as well as efficient cost monitoring.For the financial year ended 30 June 2022 (FY2022), Malaysian Genomics registered revenue of RM28.36 million, which is an increase of RM26.58 million compared with RM1.78 million reported in the corresponding period of the previous financial year (FY2021) from growth of the biopharmaceutical business comprising of immunotherapy and cell therapies as well as COVID-19-related products and services.The Group recorded PBT of RM6.18 million for FY2022 compared with LBT of RM4.29 million in FY2021 mainly due to higher revenue as a result of higher margin as well as cost efficiencies.Earnings per share for 4Q 2022 stood at 3.25 sen compared with the loss per share of 1.94 sen in the corresponding quarter of the previous financial year.En. Sasha Nordin, Chief Executive Officer of Malaysian Genomics said, "We continue to see improvement in the Group's financial performance, and this is attributable to the introduction of biopharmaceutical services as well as our aggressive push to market genetic testing services. Towards the tail-end of the quarter under review, we acquired a 51% stake in kidney dialysis operator Aquahealth Sdn Bhd in which we intend to introduce a holistic approach to kidney healthcare through our suite of products and services. We also have plans to open more such centres across Malaysia given the projected increase in the number of kidney patients.""We are also expanding in Southeast Asia and the Middle East with a series of agreements that we recently inked in which we collaborate with local partners to promote, market and distribute our biopharmaceutical and genetic testing services."About Malaysian Genomics Resource Centre BerhadMalaysian Genomics Resource Centre Berhad ("Malaysian Genomics" or "the Group") is a leading genomics and biopharmaceutical company based in Southeast Asia. The Group was established in 2004 and listed on the Bursa Malaysia stock exchange in 2010. From pioneering work in genome sequencing, bioinformatics analysis, and genetic screening services, Malaysian Genomics has expanded into the biopharmaceutical sector with the manufacturing of cell therapies including immunotherapy for various types of cancer.Utilising its high-throughput sequencing lab, advanced microarray facility, and new state-of-the-art cell processing lab, the Group is committed to improving access to the latest in precision and personalised healthcare solutions to improve the lives of patients. For more information, visit www.mgrc.com.my. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Binasat Posts 55.0% Increase in FY2022 Revenue to RM83.51 Million ACN Newswire

Binasat Posts 55.0% Increase in FY2022 Revenue to RM83.51 Million

29 8 月, 2022
KUALA LUMPUR, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - Binasat Communications Berhad, an all-round solution provider of network engineering and services, today reported revenue of RM83.51 million for the full-year ended 30 June 2022 (FY2022), a 55.08% increase compared with RM53.85 million for the corresponding period of the last financial year (FY2021) mainly attributable to higher revenue from civil mechanical and engineering works, recurring teleport services and revenue from transmission and distribution network facility services and engineering, procurement, construction and commissioning (EPCC) of solar farm facilities.Binasat Communications' office in Technology Park Malaysia, Bukit Jalil, Kuala LumpurFor the period under review, Binasat recorded a 50.74% gain in GP to RM18.22 million compared with the preceding year corresponding period on higher revenue from transmission and distribution network facility services and EPCC of solar farm facilities.Binasat registered 63.53% increase in PBT for FY2022 compared with RM12.09 million in FY2021 mainly due to increase in GP and additional rental income of RM0.39 million The Group's PAT gained 123.27% to RM5.41 million compared with RM2.42 million.The Group recorded RM14.96 million for the fourth quarter ended 30 June 2022 (4Q FY2022), a 15.20% decrease compared with RM17.64 million recorded in the corresponding quarter of the previous year (4Q FY2021) mainly attributable to lower revenue from civil infrastructure and fiber optic cabling works.Binasat registered a 52.54% gain in gross profit (GP) to RM4.51 million in 4Q FY2022 compared with RM2.95 million in 4Q FY2021 on a reduction in the number of mobile network maintenance services sites although fixed costs continued to be incurred resulting in lower gross margin. Binasat's profit before tax (PBT) increased 145.72% to RM2.44 million compared with RM0.99 million in the same quarter of the previous year while profit after tax (PAT) gained 254.31% to RM1.55 million compared with RM0.40 million.Executive Director cum Chief Executive Officer, Zulamran Bin Hamat, said, "We believe that with the reopening and gradual recovery of the economy, more telecommunications and satellite services will be needed by businesses and organisations. We are now focused on expanding satellite operations by targeting the maritime and oil and gas industries as these industries increasingly adopt the VSAT system.""The Group intends to leverage on its Approved Supplier & Partner status with Ericsson (Malaysia) Sdn Bhd and Huawei Malaysia to win projects as Digital Nasional Berhad has announced a partnership with Ericsson for the national digital infrastructure initiative while Huawei is assisting major mobile network operators to upgrade their 4G network capacity.""We are optimistic for the economic outlook as the Group is also participating in Phase 1 of the Point of Presence (PoP) fiber infrastructure project and we have tendered for Phase 2 of the PoP project. Both phases have a combined value of RM8.0 billion and have to be completed in three years. At the same time, we are also participating in the construction of 5G towers in Kuala Lumpur."Binasat Communications Berhad: 195 [BURSA: BINACOM], https://www.binacom.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Genetec’s Quarterly Performance Jumps by 126% ACN Newswire

Genetec’s Quarterly Performance Jumps by 126%

29 8 月, 2022
BANGI, Malaysia, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad continued its performance momentum into the new financial year, recording a surge in profit after tax (PAT) of RM18.6 million representing a 126.8% jump compared to RM8.2 million registered for the corresponding quarter of the preceding financial year (Q1FY2022). Genetec's recorded a profit before tax (PBT) of RM19.4 million higher by 31.1% compared to RM14.8 million posted in the preceding quarter of 2022 (Q4FY2022), contributed by higher revenue from the e-mobility, electric vehicle (EV) & energy storage (RM60.9 million up 25.8%) and hard disk drive (HDD) segments (RM12.2 million up 20.8%) respectively.PAT was boosted on the back of strong revenue growth momentum for the quarter at RM73.2 million, an increase of 81.6% from RM40.3 million for the corresponding quarter (QoQ) and up 24.7% from RM58.7 million for the preceding quarter (Q4FY2022). Earnings per share stood at 2.68 sen (fully diluted) in Q1FY2023 compared to 1.18 sen QoQ. Gearing ratio dropped from 0.41 to 0.34 times from the preceding quarter, whilst cash and cash equivalents remains healthy, providing the Company with stretch room to execute its growth activities and plans ahead of the fresh orders and industry demand growth.Genetec commented, "The momentum in the EV and energy storage continues to grow, driven by consumer demand and supportive policies as the world pivots towards renewables in the race to combat climate change. Global sales of EV have doubled up in 2021. The total number of EVs have grown steadily in 2022, with with 2 million sold in the first quarter, up 75% from the same period in 2021[1]. This shift to electric heralds the beginning of a new ecosystem which Genetec is part of. In addition to vehicles, countries and companies will need to roll out the charging and servicing ecosystem to support this new generation of transport vehicles. In tandem with global digitalisation, the needs for the building blocks such as energy and data storage will continue to rise. This is where Genetec is strong and we will continue to improve on our offerings through research and development whilst deepening our share of market in the e-mobility, energy storage and HDD segments. Meanwhile, we remain vigilant of the macroeconomic headwinds and supply chain challenges and will continue to adopt a prudent stance in our cost and financial management."Genetec's also highlighted that its land acquisition from Utusan Melayu (Malaysia) Berhad (UMMB) in Bandar Baru Bangi, comprising a parcel of land of 6.348 hectares or 683,293 square feet (sq ft) and the buildings within the said area, is on track with the targeted completion set for the second quarter ended 30 September 2023 (Q2FY2024) and will focus their attention on deepening their business relationships with clients and suppliers, talent building and retention ahead heightened competition and macro headwinds globally.[1] Source: Global EV Outlook 2022 https://tinyurl.com/GlobalElectricVehicle-OutlookAbout Genetec Technology BerhadGenetec Technology Berhad ('Genetec' or 'the Group') is a technology leader in providing customised full turnkey smart factory automation manufacturing lines. It is a public company listed on the ACE Market of Bursa Malaysia Securities Berhad (Stock code: 0104) since 2005. Its principal business focus is in the provision of high-quality, responsive and cost-effective designs, as well as the manufacturing of automated industrial systems, equipment and value-added services for our global customers in the Electric Vehicle (EV), Automotive, Hard Disk Drive (HDD), Consumer Goods and Healthcare sectors. For more information on Genetec, please visit www.genetec.net. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More

Yincheng International Holding Announces 2022 Interim Results

26 8 月, 2022
HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - An established property developer in the PRC focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages, Yincheng International Holding Co., Ltd. ("Yincheng International Holding" or the "Company", together with its subsidiaries, the "Group", Stock code: 1902.HK) is pleased to announce its unaudited consolidated interim results for the six months ended 30 June 2022 (the "Period").During the Period, the Group's revenue increased by approximately 20.9% YoY to approximately RMB 4.58 billion. While the gross profit increased significantly by approximately 95.9% YoY to approximately RMB 1.35 billion, the gross profit margin increased by 11.3 percentage points YoY to approximately 29.5%. Profit for the Period increased by approximately 11.9% YoY to approximately RMB333.7 million. Net profit margin remained roughly the same as that from the same period last year at approximately 7.3%.Key projects achieved favourable sales record The real estate industry in the PRC has undergone a tremendous transition since last year due to various factors including the pandemic, an overall economic decline, industrial downturn and funding difficulties. During the Period, the Group recorded contracted sales of approximately RMB6.57 billion, which drop was in line with the overall trend amongst its peers. In such extremely challenging market conditions, the Group has made great efforts to maintain a stable operation, and vigorous launch for key projects, including Yi He Shan Zhuang in Hangzhou, Dong Wang in Suzhou, Jinlinfu in Taizhou and Huan Le Tian Di in Wenzhou, still bucked the market with excellent performance and became bestselling projects in their respective regions. It indicates that the Group commenced its business in Nanjing and successfully expanded its footprint to other cities in the Yangtze River Delta Megalopolis. During the Period, the contracted sales gross floor area ("GFA") was approximately 308,597 sq.m. while the average selling price of the contracted sales remained relatively stable at approximately RMB21,277 per sq.m., representing an increase of approximately 4.4% YoY.All projects delivered on schedule with a record-high cash collection rate In view of the continuously harsh business environment and facing the common industry problem of tight cash flow just like any other real estate enterprises, the Group has taken a number of measures to maintain sufficient liquidity and stability with its daily operations. There was a comparatively high cash collection rate in the first half of the year with an overall cash collection of approximately RMB8.21 billion, which makes a cash collection rate of 125%. As project delivery has become the focus of the industry and even the entire society, the Group has made "guaranteed delivery" a priority to ensure timely delivery of its projects, so as to protect the interests of home buyers, live up to the market's confidence in the Group and maintain the good market reputation of its brand. In the first half of the year, the Group delivered properties with a total GFA of approximately 158,000 sq.m.. In particular, all projects were delivered on schedule without any breach on contract delivery. The overall delivery rate of the Group in the first half of the year was approximately 85.8% and the delivery satisfaction rate was approximately 86%, both of which were at benchmark level in the industry.Precise deployment in key markets with sufficient land reserves supports future developmentAs a regional deep-cultivation enterprise, the Group has sufficient land reserves and saleable projects to support its future sales. During the Period, the Group had a land bank with an aggregate estimated GFA of approximately 7.19 million sq.m., out of which the land bank with interests attributable to the Group amounted to approximately 4.73 million sq.m, mainly situated in core cities of the Yangtze River Delta Economic Megalopolis and the new first-tier cities, including Nanjing, Zhejiang and southern Jiangsu, accounted for 92% of the total land reserves. As of 30 June 2022, the Group's total saleable GFA was approximately 2.94 million sq.m., with a total saleable value of RMB 62.3 billion and an ASP of approximately RMB21,200/sq.m., providing solid supports to the Group's future revenue and long-term sustainable operation. During the Period, the Group had 61 projects located in 10 cities in the PRC, of which 35 projects were developed and owned by the Group and the remaining 26 projects were developed and owned by the Group's joint ventures and associates.Effective de-leverage yielded remarkable results with strong operation managementWhile striving to achieve stable business growth, the Group is committed to optimizing its debt structure and deleveraging. During the Period, the Group reduced its liabilities, hence the size of interest-bearing liabilities decreased by 14.1% to RMB11.7 billion, compared with the end of 2021. Among which, the short-term borrowings remained at a stable level, showing that the Group continued to manage its liabilities in an orderly manner. The Group's average financing cost was further declined from the end of 2021, and maintained at a relatively low level of 6.7%, maintaining its efficient fund utilization. The financing structure was primarily consisted of bank loans with a lower overall cost, which accounted for 75.6% of the total debt, to safeguard the Group's sustainable operation.Mr. Huang Qingping, the Chairman of Yincheng International Holding, said "In the second half of the year, although there have been improvements in the operating environment of the real estate industry, and both market confidence and transaction volume are expected to recover or resume to a certain extent, given the uncertainties of the COVID-19 pandemic, the continuing trend of economic downturn and the ongoing tight cash flow problem in the industry, real estate enterprises are still facing an overall unfavorable operating environment. The Group believes that private enterprises can no longer be guided by business scale in the future, they should instead strive to have a full understanding of customer and product needs in regional markets and make business decisions swiftly in response to market changes, so as to secure regional market development opportunities. Looking forward, the Group will take the market recovery and rebound as an opportunity to improve its sales and actively minimize potential risks over the course of its operation. Not only will the Group perfect its overall cash flow management to safeguard its business operations, but it will also require its subsidiaries to audit cash flow records (including sales return records), regulate the use of funds and, in particular, to restore liquidity available for allocation by the Group. At the same time, the Group will properly handle its cooperative relationship with suppliers under the current market situation, balance various payment relationships and ensure that all its business units can carry out various business tasks smoothly. the Group will use its best endeavour to maintain normal project development with timely sales and delivery. It will, as a listed real estate enterprise and a reputable local brand, strive to maintain or carry out an appropriate level of commitment and social responsibility of towards its investors, home buyers and the market." Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Analogue Achieves Record-High Contracts-in-Hand of HK$12.9 Billion in First Half of 2022, Consolidated Net Profit at HK$119.2 Million ACN Newswire

Analogue Achieves Record-High Contracts-in-Hand of HK$12.9 Billion in First Half of 2022, Consolidated Net Profit at HK$119.2 Million

26 8 月, 2022
HONG KONG, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Analogue Holdings Limited ("Analogue" or the "Company", together with its subsidiaries, collectively the "Group") (stock code: 1977), a leading electrical and mechanical ("E&M") engineering service provider in Hong Kong, today announced its interim results for the six months ended 30 June 2022 ("the Period" or "1H2022"), having achieved revenue growth and record-high contracts-in-hand amid market challenges. The Group's total revenue grew by 29.5% year-on-year to HK$3,022 million, mainly attributable to the increase in revenue from the Building Services segment. Gross profit also soared by 41.6% year-on-year to HK$457.6 million, thanks to the higher revenue and higher margins from the Building Services segment. The gross profit margin improved to 15.1%. Consolidated net profit would have increased by 5.9% year-on-year to HK$119.2 million before provision for potential litigation liabilities, with the profit attributed to owners of the Company reported at HK$59.2 million. The Board has proposed an interim dividend of HK4.27 cents per share, representing a dividend payout ratio of 50%.Highlights-- Record-high contracts-in-hand amounted to HK$12.9 billion, up 8.8% year-on-year-- Total revenue increased by 29.5% to HK$3,022 million -- The consolidated net profit at HK$119.2 million before provision for potential litigation liabilities. The profit attributed to owners of the Company reported at HK$59.2 million-- Gross profit margin rose from 13.8% to 15.1% year-on-year-- Healthy cash position with cash balance amounting to HK$1,073.7 million-- High dividend payout ratio maintained at 50%The value of contracts awarded to the Group during the Period grew significantly by 96.6% year-on-year, while its contracts-in-hand also reached a record high of HK$12,919 million as at 30 June 2022, providing a strong foundation for the core business' further expansion. The Group's tendering activities remained active during the Period, with 675 tenders or quotations valued at over HK$1 million each. Dr. Otto Poon Lok-to, Chairman of Analogue Holdings Limited, said, "Despite the many challenges encountered, I believe we have made a good start in 2022, maintaining growth in business scale and new contract wins, as well as achieving record-high contracts-in-hand. Over the course of the Group's 45-year journey, we are honoured to have fortified our leading position in the industry, kept abreast of developments over the years and continued to adhere to and reinforce the best business practices. Leveraging our 'New Technology, New Market, New Business Model' master plan, we are well positioned to enjoy a more advantageous and distinguished position in the industry and to sustain the long-term growth of our business."As the Group's major growth driver, Building Services segment's revenue increased by 43.7% to HK$2,036 million. Its recurring revenue stream increased with new maintenance contracts worth more than HK$127 million secured. Contracts-in-hand of this segment reached HK$6,391 million, in which HK$3,534 million were newly secured projects, including infrastructure, shopping malls, office buildings, data centres, residential developments and hotels in Hong Kong, Macau as well as the Mainland China. Moreover, in view of the urgently-needed capacity of mortuaries due to the increase in mortality rate during the COVID wave in 1H2022, the Group proactively adopted its proprietary ATAL Building Services Prefabrication and Modularisation Construction Technology ("ABSPM") coupled with digitalisation technologies for improved quality, safety, cost and project management of a public mortuary project, and successfully completed it by mobilising teams of workers on very short notice. Leveraging its strong track record, the Group is well placed to seize the upcoming business opportunities generated from the rapid development of data centres, as well as the expansions of railway lines and hospitals in Hong Kong. As of 30 June 2022, Environmental Engineering segment's contracts-in-hand amounted to HK$4,953 million, including five new contracts that underscore our expertise in project management services, as well as operation and maintenance contracts for electrical and mechanical works for water, wastewater and solid waste management. The Group will continue to implement innovative approaches for reinforcement, protection, operation and maintenance of treatment plants to extend their working life and ensure they are operated and maintained at optimal capacity to serve the Hong Kong community. On the research and development (R&D) front, the Group's proprietary "Digital Twin technology" was further advanced to monitor the influent quality of incoming sewage at a sewage plant in a more efficient manner. Tendering activities outside Hong Kong and the Mainland China included water treatment works at Kaliwa and Wawa, both in the Rizal Province of the Philippines.Information, Communications and Building Technologies ("ICBT") segment's contracts-in-hand rose by 13.0% year-on-year to HK$1,059 million. To support the development of Hong Kong's "Smart City" and "Smart Economy" visions, the Group has spared no effort in adopting green and intelligent building solutions which integrate a wide range of information and communications technologies with AI, robotic solutions, energy and management technologies. As a result of its strong R&D capabilities, the Group's AI Energy Management Platform, Internet of Things ("IoT") applications, Video Analytics technology, and "walkable" Photovoltaic ("PV") have been chosen for a world-class 36-storey smart office and commercial building project in Central, Hong Kong's prestigious CBD. Going forward, the Group will continue to deploy digital technologies to its maintenance service capabilities and invest to drive digital transformation across smart building technologies. The Lifts and Escalators segment's contracts-in-hand amounted to HK$516 million as of 30 June 2022, with the majority of profit contributed by maintenance contracts. In the overseas markets, our Anlev Elevator Group ("Anlev") secured strategic orders for mass transportation in Brazil and the hotel industry in Mexico. It is also finalising orders for an iconic and prestigious residential project in the United Kingdom through its wholly owned subsidiary Anlev (UK) Limited. To further expand its global footprint, the Group will seek new distributors in the United States, Europe and Southeast Asia. In parallel, the Group is completing a RMB60 million expansion of its Nanjing factory facilities to increase production capacity for lifts and escalators to meet the anticipated demand and growth of the global business.In 2022, the Hong Kong Government has budgeted a steady increase of spending on public capital works projects of at least HK$100 billion in each of the coming years. Additionally, the annual construction output is estimated to reach HK$300 billion, which will include a variety of public and private housing, commercial development and infrastructure projects in new towns. An expenditure of HK$200 billion is also expected as part of the 10-year Hospital Development Plan with a further HK$300 billion investment in the second 10-year Hospital Development Plan. All of these plans, together with Hong Kong's Smart City and Smart Economy visions, the thriving development of data centres and expansion projects of mass transit railway in Tung Chung, Hung Shui Kiu, Tuen Mun and Kwu Tung present tremendous opportunities. The Group is well-positioned to capitalise on these many growth opportunities and add value to customers by leveraging its capacity for innovation, digital technology, and passion to deliver results more effectively, efficiently and sustainably.Leveraging its successful experience in equity partnership with Transel Elevator & Electric Inc. ("TEI"), one of the largest independent lifts and escalators companies in New York, and the establishment of Anlev subsidiaries in the United Kingdom, the Group will seek synergistic business partners where appropriate to expand its footprint, create new business opportunities and build new revenue streams. Dr Poon concluded, "Being buoyed by the 'can-do spirit' of the new Hong Kong SAR Administration, we will grasp the tremendous opportunities arising from the increasing infrastructure development moving onward, leveraging our depth of expertise and experience in the industry. In addition to the local market, we are also cautiously optimistic about the development opportunities in various overseas countries that are now proceeding with major infrastructure developments, which have added motivation to our global expansion efforts. With our motto 'We Commit, We Perform, We Deliver', we have confidence that Analogue will witness further business growth in the years to come."For more details of the 2022 Interim Results, please refer to the announcement that has been filed with The Stock Exchange of Hong Kong Limited.https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0826/2022082600423.pdfAbout Analogue Holdings LimitedEstablished in 1977, Analogue Holdings Limited is a leading electrical and mechanical ("E&M") engineering service provider headquartered in Hong Kong, with operations in Macau, Mainland China, the United States and the United Kingdom. Serving a wide spectrum of customers from public and private sectors, the Group provides multi-disciplinary and comprehensive E&M engineering and technology services in four major segments, including Building Services, Environmental Engineering, Information, Communications and Building Technologies ("ICBT") and Lifts & Escalators. The Group also manufactures and sells Anlev lifts and escalators internationally and has entered into an alliance with Transel Elevator & Electric Inc. ("TEI"), one of the largest independent lifts and escalators companies in New York, the United States. The Group's associate partner, Nanjing Canatal Data Centre Environmental Tech Company Limited (603912.SS), is specialised in manufacturing of precision air conditioners. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
CMS Releases Its 2022 Interim Report, Achieves Sustained Growth with Its Platform Strategy ACN Newswire

CMS Releases Its 2022 Interim Report, Achieves Sustained Growth with Its Platform Strategy

26 8 月, 2022
SHENZHEN, CHINA, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - China Medical System Holdings Limited ("CMS", 867.HK) released its 2022 interim report on August 22. In the first half of 2022, CMS delivered an outstanding interim results -- it achieved stable performance growth in several business segments, and solid progress in clinical development and registration of innovative products in China, and launched Southeast Asia business to empower its long-term development.According to CMS' 2022 interim report, the turnover was RMB4,447.8 million (H1 2021: RMB3,843.0 million), representing an increase of 15.7% over the same period last year; in the case that all medicines were directly sold by the Group, the turnover would increase by 21.1% to RMB5,170.0 million (H1 2021: RMB4,269.3 million). Profit for the period was RMB1,796.3 million (H1 2021: RMB1,631.6 million), representing an increase of 10.1% over the same period last year. CMS's turnover and profit for the previous ten interim periods have maintained a sound growth momentum with both CAGR exceeding 20%.Rooted deeply in pharmaceutical industry, the Group has developed a product portfolio covering cardio-cerebrovascular, gastroenterology, central nervous system, dermatology medical aesthetics, ophthalmology, pediatrics and other specialty therapeutic fields. With leading drugs commercialization capability in China, CMS achieved excellent financial performance and initiated its unique "collaborative R&D and investment" innovative R&D strategy. The year of 2022 marks the 30th anniversary of CMS's establishment. As a mature pharma, CMS has maintained steady growth momentum, and has continuously expanded its business boundary with platform strategy. The 2022 interim report shows the future growth potential of CMS.Commercialization platform: enabling steady growth of "Cardio-cerebrovascular and Gastroenterology" business and rapid development of emerging business, "ophthalmology" and "dermatology and medical aesthetic".The commercialization capability is the core competitive advantage of CMS and the cornerstone of its continuous growth. The Group's marketed product lines, including cardio-cerebrovascular, gastroenterology, ophthalmology, dermatology and medical aesthetic line, all achieved steady growth in the first half of 2022. Among which, cardio-cerebrovascular and gastroenterology lines, CMS's traditional business, increased by 26.0% and 17.4% respectively year-on-year. The core products have maintained strong growth momentum after being commercialized for years, and several products have ranked first among peers, which is rare and it highlights the value of CMS's commercialization platform.As the core emerging strategy of CMS in recent years, the "ophthalmology" and "dermatology and medical aesthetic" businesses, with product matrix being expanded while business system getting shaped, have both achieved steady growth by leveraging the Group's commercialization capability.In particular, CMS has been engaged in the ophthalmology field for many years. Both its core product Augentropfen Stulln Mono Eye drops and innovative pipeline Cyclosporine Eye Drops 0.09% have attracted considerable attention. In July 2022, the Group acquired the global assets related to VEGF/ANG2 tetravalent bispecific antibody from Wuhan YZY Biopharma Co., Ltd, which further enriched its innovative pipeline in the ocular fundus diseases treatment field; In August, the Group entered into an agreement with EYE TECH CARE ("ETC"), a medical company of France, for the EyeOP1 ultrasound glaucoma treatment device and made an equity investment to acquire approximately 33.4% equity interest in ETC. CMS's ophthalmology product matrix has expanded from prescription medicine to devices and consumables through this collaboration, while CMS's academic platform and channel resources accumulated over years in the ophthalmology field will provide a solid foundation for the rapid development of new products. Based on this, CMS has built a clearer development path for its ophthalmology business that featured with high-growth potentiality.For the dermatology and medical aesthetics business, since the Group promoted its independent operation in 2021, the Group has acquired several medical aesthetics specialty companies and multiple marketed products with professional brands in the field, which have accelerated its development in the dermatology prescription and medical aesthetic fields. The focused ultrasound technology R&D platform of CMS, is developing three major series of products, including FUBA Focused Ultrasound Fat Reduction Device Series, LITU Focused Ultrasound Skin Treatment Series, and MEBA Ultrasonic Transdermal Delivery Series, to further expand its energy-based medical aesthetic devices product portfolio. In August 2022, CMS acquired 60% equity interest in Heling Medical, and entered into an exclusive license agreement for three dermatology-grade skincare products. Heling will act as the Group's R&D platform for dermatology-grade skincare products and accelerate the category expansion and product iteration for CMS. With the operation system of "CMS Aesthetics" getting shaped and the continuous acquisition of new products, CMS is steadily moving forward with its professional operation, compliance management and resource advantages in this rapidly developing and gradually regulated medical aesthetic market.Innovation platform: "collaborative R&D and investment" strategy broadened its innovation development potentialWith commercialization capability being its foundation of innovative R&D, CMS has developed its innovative strategy -- "collaborative R&D and investment" that could best leverage its strengths and capabilities. Capitalizing on its strong commercialization gene, extensive academic resources, as well as deep market understanding, CMS is able to identify unmet clinical needs with a sharp business insight, and locate differentiated innovative products with both social and economic value through precise product evaluation.Nowadays, relying on its increasingly matured innovative R&D team and project management system, while constantly acquiring mature innovative products, CMS also collaborated with biotech companies with innovative technology platforms, to jointly develop innovative products, which could make the most of respective strengths and improve the R&D efficiency by shortening the R&D cycle and reducing expenses. Meanwhile, with its improving scientific mindset and R&D capabilities, the Group actively participated in the target selection and development path planning of innovative products, to conduct customized development of innovative products. Through multi-dimensional collaborative development models, CMS has formed an "innovative product incubation platform" empowering the development of innovative clinical practice in the world.At present, CMS has acquired nearly 30 innovative products, mainly first-or best-in-class products, among which 9 products have been approved for marketing in the U.S./Europe. During the Reporting Period, 3 products of CMS were under NDA review in China, 1 product was approved for marketing in Hong Kong of China, 1 product's NDA was granted the priority review designation by the CDE, and 3 products' China bridging trials were progressing steadily after the completion of first subject dosing. CMS's innovation development is expected to enter a maturing phase and delivering harvest.Relying on its innovation transformation platform, CMS is capable to manage the R&D processes and rapidly promote the clinical trial progress. The Group has submitted NDA of several innovative products, including Tildrakizumab Solution for Injection and Methotrexate pre-filled injection in China, which only took 1-2 years since acquisition. In July 2022, CMS has overcome challenges under pandemic prevention and control, and took only 6 months (including the Chinese Spring Festival) to complete the enrollment of all 1,800 subjects in China bridging trial of Methylthioninium Chloride Enteric-coated Sustained-release Tablets. It took only 2.5 months (including the Spring Festival) to complete the enrollment of all 220 subjects in the China bridging trial of Tildrakizumab previously.With its platform getting increasingly matured, CMS is expected to benefit from the multiplier effect the platform provides and enhance its future scalability.Southeast Asia Platform: A one-stop operating platform empowers global pharmaceutical companies to enter Southeast Asia marketCMS 2022 interim report indicated it has achieved impressive progresses in the Southeast Asia market.With the rapid development of China bio-pharmaceutical industry, increased industrial scale and enhanced drugs quality and scientific research level, Chinese pharmaceutical companies have gained stronger competitiveness in the global market, which has presented a critical opportunity for Chinese pharmaceutical companies to develop overseas market. Compared to the United States, Europe, and Japan market with mature pharmaceutical system, Southeast Asia and other emerging markets have greater unmet pharmaceutical demands and provide more opportunities. Pharmaceutical industry trends in the past two years indicates that the Southeast Asia market has drawn great attention and the connection between China innovative drug industry and Southeast Asia market has been getting stronger. At this point, CMS stands out with comprehensive Southeast Asia business development strategy.Given the information in its 2022 interim report, CMS Southeast Asia business has achieved preliminary results. It has set up an independent operating entity with clear organizational structure, and has built a core team for its business in Southeast Asia, CMS aimed to form a platform covers innovative R&D, production and sales, helping Biotech and pharmaceutical companies in Europe, America, Japan, and China to rapidly enter the Southeast Asia market and achieve mutual beneficial cooperation and strategic complementarity.In terms of products, CMS newly acquired the innovative EyeOP1 Glaucoma Treatment Device in August 2022, which has been approved for marketing in Southeast Asia. At the same time, CMS's Southeast Asia business entity has obtained exclusive rights for several insulin products in 11 countries in Southeast Asia, which is an initiative for insulin products of mainland China to enter the Southeast Asia market. As a rigid demand for diabetes, this product series has the advantages of excellent quality and affordable price. In Southeast Asia market, the major insulin products are European and American imported products with high price and the penetration of insulin products is significantly insufficient, which indicates a huge market potential.The platform in Southeast Asia market is bound to become an important engine driving CMS's future development.ConclusionPlatform building requires a solid foundation, but the potential of the platform is unlimited. As a "Platform Company", CMS will leverage its accumulated advantages to continuously optimize it platform, thus laying a solid foundation for its high growth and business sustainability.As of now, CMS 's PE-TTM is trading only 7.2 times, and its TTM dividend yield reaches 5.5%. Given its growth potential, steady operation, organized development strategy, combined with the strong resilience of the pharmaceutical and medical aesthetic industries, CMS can achieve " Davis Double Strike " is worth looking forward to.Media ContactMedia Team, CMSEmail: ir@cms.net.cnWebsite: http://www.cms.net.cn/Source: China Medical System Holdings Ltd. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Sugarverse Enters a Joint Venture with a Big Game Studio to Disrupt the P2E Economy SeaPRwire

Sugarverse Enters a Joint Venture with a Big Game Studio to Disrupt the P2E Economy

26 8 月, 2022
London, UK, August 26, 2022 – (SEAPRWire) – The candy-themed Play-to-Earn gaming metaverse and blockchain startup Sugarverse (token: $CNDY) has entered into a joint venture with XS Software, an established European cross-platform and mobile game developer who launched its first browser-based game as early as in 2005, to dominate Play-to-Earn and solve the industry sustainability challenges. The management team of Sugarverse, who have been serial investors in the blockchain sphere, have spotted a flaw in all major Play-to-Earn projects in the market. Generally, during their life cycle, all projects come through the stages of attracting a lot of new players at launch when they are trending, accumulation of a significant chunk of in-game rewards by these players as they gradually become old players, slowing down of the new-player inflow, and finally a crash when the old players decide to cash out and the new players cannot sustain this outflow. This happens because the game mechanics is incomplete, the games are not sticky enough and lack high-quality experienced developers. To solve the first issue, Sugarverse has developed a circular economy with the cryptocurrency token CNDY and the in-game point gCNDY, Spin to Win reward multiplication, and a system where not everybody is a winner. Thanks to these, Sugarverse offers players a stable and predictable return and is able to top up the community treasury. To address the latter two issues, Sugarverse has joined hands with the reputable game developer XS Software. Top managers of both companies have managed sticky products with hundreds of thousands of users. On top of that, XS Software is known for development of hit games with millions of users. Their vast game development experience and technical resources will be harnessed to develop the candy universe of 7 worlds and 7 mobile games. The Sugarverse CEO Nikolay Mitev stated: “We at Sugarverse are extremely proud to have the cross-platform and mobile gaming masters XS Software in a joint venture with us to work towards a high-quality sweet metaverse world for our players.” The XS Software Founder Hristo Tenchev expressed: “During our 17 years in the gaming market, XS Software has tasted all gaming had to offer, including 3D, VR, and even blockchain. We are now putting all of this experience into Sugarverse to bring you the best and sweetest Play-to-Earn titles. We are planning to launch the alpha version of the first Sugarverse game by the end of 2022.” About Sugarverse Sugarverse is a European blockchain gaming startup established in early 2022. It builds unique thematic worlds with monetizable integrated experience and fixes the broken Play-to-Earn model that relies on a constant inflow of new players with a thought-through sustainable approach. It aims to partner with real-world companies in the confectionary and FMCG industries to open the web3 possibilities to them. About XS Software XS Software is one of the first developers of browser games, a cross-platform and mobile game developer and publisher. After their browser games succeeded, they were ported to other platforms. By 2021, its two most popular games, KhanWars and Lady Popular, reached a scale of 60+ million players and are available on almost any device in more than a dozen of languages. For PR inquiry, please contact info@finpr.agency, https://finpr.agency Media Contacts: Company: Sugarverse Contact: Marketing Team E-mail: hello@sugarverse.io Website: https://www.sugarverse.io/ SOURCE: Sugarverse The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
More
Minetech’s Revenue for 1Q Rises 43.0% to RM24 Million ACN Newswire

Minetech’s Revenue for 1Q Rises 43.0% to RM24 Million

25 8 月, 2022
KUALA LUMPUR, Aug 25, 2022 - (ACN Newswire via SEAPRWire.com) - Minetech Resources Berhad, a civil engineering specialist and bituminous products manufacturer, today announced that the Company registered a 43.2% rise in revenue for the first quarter ended 30 June 2022 (1Q FY2023) to RM24.05 million compared with RM16.80 million in the corresponding quarter of the last financial year (1Q FY2022).Matt Chin, Executive Director of MinetechFor the quarter under review, the Company recorded a loss before tax (LBT) of RM1.66 million compared with LBT of RM4.35 million in 1Q FY2022.On a segmental basis, Minetech's civil engineering division posted revenue contribution of RM13.7 million for 1Q FY2023, a gain of 34.3% compared with RM10.2 million in 1Q FY2022. The manufacturing division, which produces bituminous products for pipe coating, waterproofing and sealing, recorded revenue contribution of RM5.85 million, a gain of 75.1% compared with RM3.34 million in 1Q FY2022.Matt Chin, Executive Director of Minetech, said, "The civil engineering division's contribution was supported by higher revenue from the Selinsing Gold Mine in the quarter under review compared to the corresponding quarter of the previous financial year as production regained traction while the manufacturing division saw a significant rise in revenue due to an increase in sales as a result of improved demand from water piping and road paving projects.""Recent news flow point to firmer domestic economic growth and the announcement of the MRT3 project together with the continuation of other large civil infrastructure projects is positive for the construction sector as there will be need for civil engineering services as well as bituminous products.""We will continue to be vigilant given the more challenging global economic outlook. We have rationalised our corporate structure and in recent years diversified into other businesses to enhance our financial performance while ensuring more stable recurring income. Our narrower losses for the quarter are a result of these measures."Minetech Resources Berhad: 7219 [BURSA: MINE], https://minetech.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
InvesTech Holdings Enters into MoU with Huawei to Offer Cloud-based Enterprise Application Solutions ACN Newswire

InvesTech Holdings Enters into MoU with Huawei to Offer Cloud-based Enterprise Application Solutions

25 8 月, 2022
HONG KONG, Aug 25, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings", together with its subsidiaries, "the Group"; stock code: 1087.HK), a leading integrated smart-IT solutions provider in China, is pleased to announce that its subsidiary Wafer Systems (Asia) Limited ("Wafer Systems"), which owns smart-office software solutions flagship product Virsical, has entered into a memorandum of understanding (MoU) with Huawei Services (Hong Kong) Co., Limited ("Huawei"). Under the agreement, the two companies will collaborate strategically in the smart-office and cloud businesses to jointly offer enterprises digital transformation solutions.Authorised representatives, Mr. Stephen CHOW, General Manager of Wafer Systems (Asia) Limited (second from left), and Ms. CAO Lingling, Managing Director of Huawei Cloud Business Department, Hong Kong (second from right), signed the MoU at Revive Tech Asia 2022. Mr. Ringo CHAN, Chairman, Chief Executive Officer and Executive Director of InvesTech Holdings (first from left), and Mr. Denny DENG, Chief Executive Officer of Huawei International Co. Limited (first from right) witnessed the signing. Wafer Systems and Huawei signed the MoU on 24 August 2022 at Revive Tech Asia 2022, a technology conference and exhibition held at Hong Kong's AsiaWorld-Expo. Under the MoU, the two companies will engage in in-depth collaboration in the form of an annual contract to explore the smart-office and cloud businesses for a three-year period spanning August 2022 to August 2025. Fully leveraging their advantage of resource aggregation, Wafer Systems and Huawei will join hands to launch two ground-breaking cloud-based enterprise application solutions - "AIoT-based Smart Building Digital-twin Solution" and "Huawei Cloud Digital Administrative Office Solution" - to empower clients in various industries undergoing digital transformation."AIoT-based Smart Building Digital-twin Solution" is a Virsical AIoT platform-centred, Huawei Cloud-powered system that collects and analyses information on people's behaviour, terminal equipment and space status in a building by integrating building space management systems and various smart hardware and terminals, creating a digital platform that enables information collection, resource sharing and optimised management. It also enables digital management of enterprise operations including facilities management, energy-saving measures, emissions reduction, office services, monitoring and alarms, emergency services and information distribution. Using the system, enterprises are able to achieve intelligent collaboration involving people, objects and space, and realise the intelligent transformation of administrative management, to increase the efficiency of building operations and management, and to lower operating costs."Huawei Cloud Digital Administrative Office Solution" is a corporate digital twin smart-management platform built on the Huawei Cloud that utilises advanced technologies such as the Internet of Things (IoT). It is a platform for information collection, resource sharing and optimised management that enables real-time dynamic monitoring and control of equipment operations. The platform can be used in various scenarios involving corporate administration, including but not limited to workstation management, meeting management, visitor management, access management, smart-locker management, smart-washroom management and space asset management. It helps companies achieve intelligent management of people, objects and space, making real-time decision making more efficient and precise. It also assists companies in achieving the smart transformation of administrative management and conducting green and low-carbon operations in office buildings. Mr. Ringo CHAN, Chairman, Chief Executive Officer and Executive Director of InvesTech Holdings, said: "It is our great honour to be highly regarded by, and to collaborate with, Huawei, one of the most outstanding technology giants in the industry. The MoU is expected to bring business synergies in terms of cloud-based enterprise application solutions and to facilitate product innovation so we can optimise our solutions to provide clients with better products and services. Through this strategic collaboration, we can reach Huawei's customers, expanding our customer base and industry share in the high-potential Chinese market.""Looking forward, we foresee opportunities and collaborative efforts in many areas with Huawei in jointly exploring other types of cloud-based enterprise application solutions related to system integration - namely cloud migration, cloud security and cloud backup. To give full play to our complementary advantages, the Group will strive to deepen its partnership with Huawei, with the aim of optimising the Group's core competences in the long run."About InvesTech Holdings LimitedInvesTech Holdings Limited (Stock code: 1087.HK) was listed on the main board of Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in IT industry, the Group is principally engaged in IT infrastructure system integration and smart office software solutions businesses. The Group has strong presence in China, with more than 10 offices nationwide with a research and development centre in Xi'an. Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
KLT develops the new ‘Pulsarlube M,’ an automatic grease lubricator with improved durability and customer convenience SeaPRwire

KLT develops the new ‘Pulsarlube M,’ an automatic grease lubricator with improved durability and customer convenience

25 8 月, 2022
Seoul, Korea, August 25, 2022 – (SEAPRWire) – KLT, which has gained international recognition with an automatic grease lubricator, plans to release the new Pulsarlube M in January 2023. It is important to accurately and regularly maintain lubrication for bearing in order to extend a machine’s life. However, applying the required amount of grease regularly in a workplace or where various facilities are managed is not easy. To come up with a solution, KLT has tried to develop an automatic grease lubricator suitable for various industrial environments for the past 30 years, and has recently completed the development of a new Pulsarlube M, which is soon to be launched. KLT’s new Pulsarlube M complemented the existing product’s mechanical joints, strengthened durability with a waterproof/dust-proof design (IP65), and improved convenience by adding various functions such as backlight, auto conversion of setting mode and upgrading GUI. Easy-to-replace grease pouch and battery pack enable automatic lubrication for a long time, which helps extend the equipment’s life and reduce costs, along with its strengths in convenience, safety, and manageability. News on the product can be found on the KLT website (www.pulsarlube.com). Meanwhile, KLT, a comprehensive lubrication solution provider that has established an incomparable position in the field of automatic grease lubricators for the past 30 years, is recognized worldwide for its technology with strict quality control and continuous product development. In particular, it utilizes patented cutting-edge technology to provide the most innovative and reliable automatic single/multi-point lubricator in the market. An official of KLT said, “We will grow into a global lubrication solution provider presenting more satisfactory services to customers around the world through diversified and excellent products and well-established distribution networks by researching and developing to meet customer needs based on years of research and development.” Media Contact Brand: Pulsarlube USA Inc. Contact: Yang, Yun Jong Email: info@pulsarlube.com Website: https://www.pulsarlube.com/ Telephone: +1 (847) 593-5300 SOURCE: Pulsarlube USA Inc. The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
More
Paribus (PBX) Announces Multichain Integration and Partnership ACN Newswire

Paribus (PBX) Announces Multichain Integration and Partnership

25 8 月, 2022
MIAMI, FL, Aug 25, 2022 - (ACN Newswire via SEAPRWire.com) - As our regular readers know we've been using the extra time our testnet deployment afforded us to equip Paribus with the optimal conditions for our mainnet launch. As part of that process, we're absolutely thrilled to share with the community that we've partnered with Multichain so that our PBX token can now be bridged to Arbitrum, Milkomeda, and Polygon.Cross-chain interoperability has always been at the heart of everything we hope to achieve and it's incredible that we've already reached this milestone. Development teams from both Paribus and Multichain have worked tirelessly to ensure the success of this move, going above and beyond our wildest expectations.Multichain is a leader in terms of security, cross-chain speed, and costs. Since its foundation, it has evolved from a 1:1 cross-chain bridge to an innovative cross-chain router system that interconnects multiple chains. It offers an advanced and real-time Cross-Chain Router Protocol (CRP) system that supports the interoperability of tokens, NFTs, and general data across multiple chains.For PBX holders the minimum volume required for a cross-chain transaction through the router is between 2,847 PBX and 9,412 PBX depending on which chain the bridge is between. Likewise, the maximum amount per transaction is 180,000,000 PBX to 2,747,026,344 PBX, again depending on the chain that's being bridged to.The transaction speeds are incredible too, with most transactions arriving within 10-30 minutes. Larger transactions may however take up to 12 hours to arrive. The definition of a large transaction varies from 1,000,000 PBX to 549,405,268 PBX depending upon the chain that it's bridging to.For those unfamiliar with Multichain, they may remember its previous name, Anyswap, which was founded in July 2020. Anyswap started life as a cross-chain decentralized exchange, however, seeing the strength of its development in cross-chain solutions it pivoted to specialize in bridging infrastructure.They now provide a cross-chain router service that has a strong track record in terms of both speed and security, having quadrupled their speed of transactions over time. Significantly for Paribus, they also operate a non-custodial approach using Multi-Party Computation (MPC) technology. In practical terms this enables users to keep their full private key secret during interactions with the bridge. Because Multichain is non-custodial it means that it can't take control of users' assets, which is something we've seen happen with other platforms. As our CTO Simon recently explained in relation to DAOs controlling users' assets, "Deciding to control another person's wallet without their permission isn't something that I feel should be acceptable." As such it was hugely important to us that the bridge provider we partner with operates on a non-custodial basis and we're delighted things have worked out so well with Multichain.Another crucial factor for us is the approach that Multichain takes towards its security. As we all know nothing in the blockchain space is ever 100% secure. Exploits and vulnerabilities are regularly exposed and as such, we take a very cautious approach to security.In addition to being audited by TrailOfBits, SlowMist, PeckShield, DEDAUB, and BlockSec, Multichain also operates a bug bounty program and a security fund. The bug bounty program incentivizes the reporting of bugs from the community and the security fund is intended, "to provide protection for system operation and financial security in the event of unforeseen risks". Their security audits are available for anyone to review:GitHub: https://github.com/anyswap/Anyswap-AuditWe're sure you'll be as delighted as we are to welcome our new strategic partnership with Multichain. Together we can help drive forward the future of interoperable DeFi.Click the link below for the Multichain app. Liquidity will be provided by the Paribus team in the coming days: https://app.multichain.org/#/routerAbout ParibusParibus is a cross-chain borrowing and lending protocol for NFTs, liquidity positions, and synthetic assets, powered by the Cardano blockchain and is traded on Kucoin, Gate and Uniswap. https://Paribus.io Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Eisai Inc. Collaborates with C2N to Build Awareness and Real-World Evidence for Blood-based Assays JCN Newswire

Eisai Inc. Collaborates with C2N to Build Awareness and Real-World Evidence for Blood-based Assays

24 8 月, 2022
TOKYO, Aug 24, 2022 - (JCN Newswire via SEAPRWire.com) - Eisai Co., Ltd. announced today that its U.S. subsidiary Eisai Inc. has entered into a memorandum of understanding with C2N Diagnostics ("C2N") that will seek to build awareness about how blood-based assays in the diagnosis for people living with cognitive impairment, including Alzheimer's disease (AD), may help patients receive a timely diagnosis and appropriate treatment. Collaborating with C2N, Eisai Inc. will work to build awareness and develop real-world evidence to support the use of blood-based assays in people living with cognitive impairment in clinical practice outside of clinical trial settings in the U.S. Blood-based assays could result in the development of new standards in clinical care that may enable timely and accurate diagnoses for people living with cognitive impairment. The number of people with dementia is growing substantially; more than 55 million people worldwide are living with dementia, and this number is expected to increase to 78 million by 2030.(1) Accurate diagnosis remains a barrier to early and proper care management; research reviews estimate that between 40 and 60 percent of adults with probable dementia are undiagnosed.(2) Importantly, blood-based assays may be able to help identify which patients may benefit from therapy, and therefore may help streamline care and reduce healthcare spending. Early detection, diagnosis and treatment of dementia protects individuals against risks from delayed or missed diagnosis and allows individuals, their families and their caregivers to plan for the future as the condition progresses.(2) The development and adoption of blood-based assays as simple diagnostic tools, in every day clinical practice is an important step in improving care for people in remote and underserved communities where access to the traditional diagnostic tools of positron emission tomography (PET) and lumbar punctures are not a viable option. In collaboration with various partners, Eisai will engage in practical application of simple and less invasive diagnostic technologies and diagnostics for dementia, including blood tests, and will work to improve the medical environment in which people with dementia can receive appropriate treatment, thereby contributing to relieving anxieties of people living with dementia and their families around the world. About C2N Diagnostics and Its Blood-Based Biomarkers for Cognition HealthC2N Diagnostics ("C2N") is a specialty diagnostics company with a vision to bring Clarity Through Innovation. C2N strives to provide exceptional laboratory services and products in the field of brain health. C2N's biomarker services and products are used for: clinical decision making to improve patient care, including diagnosis and treatment monitoring; maximizing the quality and efficiency of clinical trials that test novel treatments for neurodegeneration; and providing innovative tools to help healthcare researchers better understand novel mechanisms of disease, identify new treatment targets, and conduct important epidemiologic studies to improve global public health. Its PrecivityAD blood test is an innovative new blood test intended for use in patients with cognitive impairment. Accurate quantification of Abeta42/40 ratio and ApoE prototyping in blood using its mass spectrometry platform helps healthcare providers determine the presence or absence of amyloid plaques in the brain, a hallmark sign of Alzheimer's disease. In addition, the P-tau Multi-Analyte Assay (P-tau MAA), which simultaneously measures four types of tau217 and tau181 phosphorylated and non-phosphorylated forms in blood sample, is now available for research use only (ROU). The assay is expected to aid in screening for clinical studies, better understanding of disease biology, as well as investigational drug research. For more information visit www.C2N.com(1) Alzheimer's Disease International. World Alzheimer Report 2021, Journey through the diagnosis of dementia.(2) The Milken Institute. Building Workforce Capacity to Improve Detection and Diagnosis of Dementia 2021.Media Inquiries:Public Relations Department,Eisai Co., Ltd.+81-(0)3-3817-5120 Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
More
REDSUN SERVICES’s 2022 Interim Profit Attributable to Equity Shareholders Increases 15.8% to RMB69.3 million ACN Newswire

REDSUN SERVICES’s 2022 Interim Profit Attributable to Equity Shareholders Increases 15.8% to RMB69.3 million

24 8 月, 2022
HONG KONG, Aug 23, 2022 - (ACN Newswire via SEAPRWire.com) - Redsun Services Group Limited ("Redsun Services" or the "Group"), a fast-growing comprehensive community services provider with a strong presence in the Yangtze River Delta region, has announced its interim results for the period ended 30 June 2022. The Group reported collaborative development in its three business lines of property management services, value-added services for non-property owners and community value-added services. The Group's external expansion grew rapidly while profitability remained stable. FY2022 Interim Results Highlights:-- The Group's revenue was RMB553.9 million, representing an increase of 4.7% compared with the same period last year.-- Revenue from property management services was RMB404.2 million, representing an increase of 15.3% as compared with the corresponding period last year and accounting for 73.0% of the total revenue. -- Profitability remained stable with a gross profit margin of 27.2%, while profit attributable to equity shareholders was RMB69.3 million, an increase of 15.8%.-- As at 30 June 2022, the Group had a total of 376 contracted projects, with contracted GFA increasing approximately 14.7% to approximately 56.9 million sq.m., of which there were 307 projects under management, with GFA of approximately 44.9 million sq.m., representing an increase of approximately 30.6%.Three-pronged business model with collaborative developmentThe Group recorded total revenue of RMB553.9 million, representing an increase of 4.7% compared to the same period last year. Revenue from property management services increased by 15.3%, accounting for 73.0% of the total revenue. Overall gross profit reached RMB150.8 million with a gross profit margin of 27.2%. Profit attributable to equity shareholders was RMB69.3 million, an increase of 15.8% as compared with the same period last year. The net profit margin reached 13.3%. As at 30 June 2022, the Group provided property management services and value-added services in 62 cities in China, with 376 contracted projects and contracted GFA of approximately 56.9 million sq.m., representing an increase of approximately 14.7% when compared with 30 June 2021, of which the GFA under management was approximately 44.9 million sq.m., an increase of approximately 30.6% as compared with the same period last year, serving as proof that the Group's management scale has reached a new level. During the period, the Group's GFA under management from third-party developers increased to 63.0%, representing an increase of 3.6 percentage points as compared with the same period of last year.External expansion continues at rapid pace, demonstrates tending capabilitiesDuring the review period, the Group gave play to the advantage of Nanjing "home city" to expand the development tracks of urban services. The Group continued to develop service projects in Taishan Street, Jiangbei New District, Nanjing and Xigang Street, Qixia District, Nanjing. Continuously penetrating the sector of logistics management services for expressways, the Group cooperated with Hubei United Transportation Investment Co., Ltd. to provide logistics services such as cleaning environment, order maintenance and engineering maintenance for its 12 stations including Wuhan Heping-Zuoling Expressway. Leveraging its reputation and courteous and customized professional services provided during the epidemic in Shanghai, the Group successfully obtained the Shanghai Henlius Industrial Park Project through market-oriented bidding expansion to provide property management services for large-scale pharmaceutical enterprisesAdhering to integrity and innovation to promote high-quality developmentIn 2022, the Group insisted to think everything from the customers' perspective and explore future demand of customers. It has upgraded the Redsun Mode 2.0 to establish "five good services" with basic service quality as the focus, which further solidified our basic service quality. The "Redsun Housekeeper" service products under this model have now been launched in full swing in the Group. The Group's organizational efficiency has been continuously improved and its efforts to enhance quality and efficacy have achieved a satisfactory outcome.In addition, focusing on customers' needs and advantageous areas of property management enterprises, the Group constantly diversified the community living service ecosystem and built up professional service capabilities. It integrated premium supplier resources and continuously penetrated deeply into various segments of business including Redsun community resources value-added services, Redsun Property Decoration Centre, and Hong Life Rental & Sales Centre. While extending the professional values of the Group, Redsun Services has also upgraded the value of assets and community spaces for property owners. At the same time, in compliance with the boost of "intelligent empowerment", the Group actively promoted digital construction and carried out smart upgrades, where it continuously iterated and upgraded the "Hongtu panoramic smart data platform", "management and control platform of all-dimensional plan", "Hongzhi Cloud Monitor" and "online management and control platform of investment and development", for the purpose of enhancing management efficiency while controlling operation costs.In the future, Redsun Services will continue to adhere to the high-quality and steady development strategies. With the support of comprehensive improvement in the organizational and cultural ability of talents, the Group will enhance its professional, standardized, high-quality, systematic service operational capabilities as well as service design and innovative capabilities, so that it can create excellent comprehensive servicing capabilities in the all-round development of "space + scenario" operational capabilities, and take this as the basis for building its healthy and sustainable development capabilities to realize the long-term value of the Group.About Redsun Services Group LimitedEstablished in Nanjing in 2003, Redsun Services Group Limited is a fast-growing comprehensive community service provider focusing on the Yangtze River Delta. With a vision of "making lives warmer," the Group has provided and endeavors to continue to "provide customers with high-quality services with sincerity" to better serve its customers. The Group has established the regional leading position in the property management market of Jiangsu province and is well-recognized nationwide. The Group was recognized as one of the Top 100 Property Management Companies by CIA for four consecutive years since 2017 and ranked 18th among the 2022 Top 100 Property Management Companies in terms of overall strength. In December 2020, the Group was included by FTSE Russell in the FTSE Global Micro-Cap Index. In 2021, the Group was selected as a constituent of the Hang Seng Property Service and Management Index. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
JCB Contactless Flourishes in Germany, Austria, and Switzerland with thousands of Concardis merchants welcoming JCB Contactless spend ACN Newswire

JCB Contactless Flourishes in Germany, Austria, and Switzerland with thousands of Concardis merchants welcoming JCB Contactless spend

23 8 月, 2022
London & Frankfurt, Aug 23, 2022 - (ACN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has expanded its existing partnership with Concardis, as part of the Nets / Nexi Group one of Europe's leading paytech providers, to enable JCB Contactless acceptance at several thousands of merchants in Germany, Austria, and Switzerland. Concardis and the entire Nets / Nexi Group together with JCB share a common goal - to make payments simple.Rollout has already begun with merchants with Concardis terminals in the travel and entertainment sectors such as hotels, shopping, and popular restaurants. This acceptance includes JCB Contactless.JCB Contactless enables JCB Cardmembers to perform secure and fast contactless payments, simply by holding their JCB Card or JCB-Card-enabled smartphone or other devices over a point of sale (POS) terminal. JCB Contactless is based on the global chip standard 'EMV(R),' offering a higher level of security.The JCB logo is widely recognised, so when displayed at point-of-sale, brands can differentiate themselves from competitors by offering JCB Cardmembers the option to transact with their payment network of choice, encouraging brand loyalty and repeat custom. JCB is accepted in 150 countries and regions globally, with about 39 million merchant partners, and more than 140 million international Cardmembers, many of whom enjoy spending in bricks and mortar establishments across Europe.Ray Shinzawa, Managing Director, JCB International (Europe) Ltd., comments; "Many of our Cardmembers are avid travelers who would like to maintain the ease of spending they have at home whilst abroad. We have an established partnership with the esteemed Concardis that we are excited to continue. Our expanded collaboration will empower our partners and merchants to offer better, more secure experiences to our loyal Cardmembers."Robert Hoffmann, CEO Concardis and Nets Merchant Services, adds; "Our merchants across Germany, Austria, and Switzerland are looking forward to the return of international travel and welcoming back tourists. Of particular interest are, for example, those from Asia who enjoy travelling throughout Europe. This expanded partnership with JCB will provide our valued merchants with an even more seamless way to accommodate JCB's over 140 million Cardmembers. We expect that this promising venture will continue to contribute to the growth and development of our respective services, providing a better and further reaching offer for existing and future JCB Cardmembers."Note: JCB Contactless is based on global chip standard 'EMV(R),' offering a high level of security. EMV(R) is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB issues cards across various countries and regions internationally with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information: www.global.jcb/en/About ConcardisConcardis is a leading provider of digital payment solutions in Germany, Austria and Switzerland. As part of Europe's leading PayTech provider Nets / Nexi Group we have the size, capacity and geographic reach to drive forward the transition to a cashless Europe. Our goal is to help people and businesses of all sizes in transforming the way people make their payments and how businesses accept these payments. By simplifying payments and providing the most innovative and reliable solutions we enable enterprises and financial institutions to provide their customers with a better service, build closer relationships and grow together. More information on the companies is available on the following websites: www.concardis.com, www.nets.eu or www.nexigroup.comContacts:JCB International/EuropeContact: India StoneEmail: istone@jcbeurope.euPhone: +44 020 7087 4754 JCB (Head Office in Japan)Contact: Ayaka NakajimaEmail: jcb-pr@jcb.co.jpPhone: +81 3 5778 8353 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
IMA and FocusCore Group KK Sign Strategic Alliance to Support Management Accounting Professionals ACN Newswire

IMA and FocusCore Group KK Sign Strategic Alliance to Support Management Accounting Professionals

23 8 月, 2022
Montvale, N.J. & Tokyo, Japan, Aug 23, 2022 - (ACN Newswire via SEAPRWire.com) - To better support the careers of accounting and finance professionals in Japan and greater Asia, IMA(R)(Institute of Management Accountants) has formed a new business partnership with FocusCore, an executive search company focused on serving clients in the APAC region with hiring challenges of finance leadership in Japan. FocusCore, founded in 2011, specializes in retained search for finance, accounting, HR, supply chain, and country management for the Japan region. The partnership agreement came into effect in July 2022.Through this new strategic relationship, FocusCore candidates will receive a free three-month trial membership with IMA and access to numerous IMA resources. These include continuing education courses (many of which are free for members), IMA's proprietary CareerDriver(R) career assessment and development tool, webinars, research and professional publications, and IMA chapter and virtual networking. Moreover, with the free three-month trial membership with IMA, FocusCore clients will also gain access to IMA's U.S. CMA(R)(Certified Management Accountant) program.IMA members in the region will benefit from the alliance through shared thought leadership, relevant career development information, and joint business events to promote networking. Together, the two organizations will hold joint IMA chapter events, professional development conferences, and information sessions about IMA's U.S. CMA certification program. To help kick-off the new alliance, IMA and FocusCore are planning to hold an in-person event in October 2022 to discuss the evolving roles of management accountants in Japan. "A crucial element to furthering the management accounting profession in Japan is to support those who are looking to explore future career options and maximize their potential," said Nina Michels-Kim, CMA (U.S.), CSCA, IMA Director of Partnerships, Japan and Korea. "By working together with FocusCore, we're able to share valuable tools, information, and resources to a larger pool of professionals.""It's critical for Japan finance and accounting professionals to have support to improve their skillset and find the right leadership positions," said FocusCore managing director Simon Jelfs. "This partnership allows APAC leaders who are leading entities in Japan to have a greater resource to find the best talent. In addition, by working together with IMA, we are able to share top-shelf tools and information to our network," said Dr. David Sweet, founder of FocusCore. "With this strategic alliance, APAC businesses and individuals now have greater access to resources in Japan to help combat a short talent market. Individuals who take advantage of this partnership will have an exceptional edge in the market."About IMA(R) (Institute of Management Accountants)IMA(R) is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA(R)(Certified Management Accountant) and CSCA(R)(Certified in Strategy and Competitive Analysis) programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of about 140,000 members in 150 countries and more than 350 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India. For more information about IMA, please visit www.imanet.org.About FocuscoreFocusCore, is a boutique human resources and recruitment service agency in Asia. It was voted #1 in Japan back office recruitment in HR, Supply Chain, Finance & Accounting for Small/Medium size foreign capital companies. Building on their specialization in retained recruitment for Country Managers, CFOs, Finance Directors, COOs, HR Directors and Supply Chain Directors, FocusCore helps companies focus on their core business. For more information about FocusCore, please visit www.japan.focuscoregroup.com.Press contactPRecious Communications for IMAE: IMA@preciouscomms.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Seedify announces cross-chain integrations with the Ethereum network to boost growth SeaPRwire

Seedify announces cross-chain integrations with the Ethereum network to boost growth

22 8 月, 2022
VICTORIA, SEYCHELLES, August 22, 2022 – (SEAPRWire) – Seedify announces cross-chain integrations with the Ethereum network to boost growth. Ethereum is the second largest blockchain project in the world in market capitalisation, preceded by Bitcoin. Powered by the Ether (ETH) token, Ethereum enables the holding of digital money, global payments, and decentralised applications. Holders of Ethereum can stake, use and store non-fungible tokens (NFTs), trade cryptocurrencies and play blockchain games. As a result, it has predominantly been the most popular network for new blockchain entrants, as well as NFT users. While Bitcoin’s market supply is capped at 21 Million BTC, Ethereum is uncapped, and a new Ethereum block is created every 14 seconds. The long-awaited Ethereum merge (software update) will most likely occur in September this year; this will be the largest fundamental shift in the history of crypto. Unlike Bitcoin, which has a fixed expansion rate, Ethereum expands according to demand. Unfortunately, due to the increase in demand, the network has suffered an immense increase in traffic and uncontrolled spikes in gas fees (transaction fees). The merge will ultimately alleviate these bottlenecks, making the network even more secure and less energy intensive. As Seedify eagerly waits to see one of the biggest moves forward in the crypto industry so far, it is also prepared to integrate with the upgraded Ethereum network by opening a parity pool between its native token, $SFUND and Ethereum ($SFUND/ETH). Seedify is one of the crypto industry’s leading notable launchpads and incubators. They empower innovators and project developers through access to funding, community and partnership building, and a complete support system to help bring premier blockchain games, NFTs, and metaverses to its community through events called IGOs (Initial Gaming offering) and INOs (Initial NFTs offering). These events are a true treasure to crypto investors due to the high ROI potential that these tokens and NFTs carry. $SFUND, Seedify’s native token, has been among the top 7 coins outperforming the market in July and has been listed as one of the top 10 fastest-growing coins on multiple charts. The integration will enable Seedify to expand its community, reach new audiences and enable easy adoption for new holders, stakers, and farmers to their ecosystem. With the multichain support provided, anyone using the Ethereum network will be able to adopt Seedify utilities much faster, thus adding an extra layer of growth to boost their utilities and $SFUND. $SFUNDS main utilities include: Participating in IGOs and INOs on Seedify’s platforms.Staking or farming to earn passive income.Qualifying for free incubation tokens via the seed staking feature. On the back of $SFUND’s success, Seedify has recently announced its NFT Launchpad and created $SNFTS, a utility token that will be listed on 31 August 2022; this token will add more utilities to the robust environment Seedify is building. To extend the reach of Seedify’s ecosystem, they will also be adding $SFUND/ETH farms very soon to ensure the liquidity of $SFUND on Ethereum provides a healthy trading economy. Seedify will also be holding surprise events to boost the exposure of $SFUND to Ethereum native users to increase the visibility of $SFUND on the Ethereum network. For PR inquiry, please contact info@finpr.agency, https://finpr.agency Social Links Twitter: https://twitter.com/SeedifyFund/ Telegram Announcement: https://t.me/seedifyfund Telegram: https://t.me/seedifyfundofficial Medium: https://seedifyfund.medium.com/ Media Contact Brand: Seedify Fund Contact: Laura Mallory, PR and Content Marketing Manager E-mail: laura@seedify.fund Website: https://seedify.fund/ SOURCE: Seedify Fund The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)
More
Tiger Analytics and Nanyang Polytechnic (NYP) collaborate to drive AI capabilities and boost industry-focused AI education along the lines of Singapore’s Smart Nation vision ACN Newswire

Tiger Analytics and Nanyang Polytechnic (NYP) collaborate to drive AI capabilities and boost industry-focused AI education along the lines of Singapore’s Smart Nation vision

22 8 月, 2022
Singapore, Aug 22, 2022 - (ACN Newswire via SEAPRWire.com) - Tiger Analytics, a leading provider of Artificial Intelligence (AI) & Advanced Analytics Consulting Services, will be collaborating with Nanyang Polytechnic (NYP), Singapore to further industry-relevant AI education and research. This will broaden access to AI skills in Singapore. Together, the partners will drive the next generation of AI-ready talent and the acceleration of technology adoption by SMEs. As part of this collaboration, Tiger Analytics will co-develop the curriculum with NYP for the Diploma in AI & Data Engineering (DADE), alongside other leading industry leaders. In addition, Tiger Analytics will be a key AI/Advanced Analytics contributor at the recently launched NYP-Microsoft Centre for Applied AI (C4AI) to empower SMEs in Singapore with the platform, tools, and expertise to drive AI adoption.Headquartered in Silicon Valley, Tiger Analytics enables several Fortune 500 companies to generate business value from data. As committed evangelists to the transformational ability of data, analytics, and AI, the company actively collaborates with academic institutes and industry thought leaders to address the learning and development needs of young aspirants who want to take on jobs in this fast-growing industry. Tiger Analytics' collaboration with NYP to co-develop the curriculum of the DADE course and its ongoing partnership at the C4AI, are vital steps to catalyse, synergize and strengthen Singapore's AI play.The diploma course, taught under NYP's Professional Competency Model (NYP-PCM), mirrors workplace practices instead of the subject-based approach. Young aspiring engineers are immersed in technologies such as AI, Deep Learning, and Machine Learning, before applying these AI solutions across various sectors. Industry leader Tiger Analytics will co-create the diploma with its proprietary material and real-world use cases with relevant data for project work. Tiger's seasoned leadership team will also play a key role through guest lectures with hands-on experience in building AI applications. At the C4AI, Tiger Analytics will closely work with NYP to accelerate the digital transformation and innovation efforts of local SMEs. Tiger Analytics' AI expertise and insights into industry trends will support NYP's mission to co-build technologies and solutions to deliver on SME transformation. The company will contribute to the relevant training/workshops designed to help SMEs better identify, analyze and harness AI technologies to improve their efficiency and responsiveness in the marketplace.Speaking on the occasion, Anupam Bhargava, Head of Asia Pacific, Tiger Analytics said, "We are extremely happy and excited to partner with Nanyang Polytechnic on key AI-led initiatives and we are together working towards making Singapore a Smart Nation. As an organization, we strive to embed ourselves locally to help build market-ready solutions and capabilities and drive an ecosystem together with partners. This initiative will bring the best of both worlds - Nanyang Polytechnic's academic excellence and Tiger Analytics' AI & Data Science expertise. The partnership with NYP underscores our commitment to collaborating with local educational institutes towards getting future-ready with AI."Dr. Vinayak Prabhu, Deputy Director, Nanyang Polytechnic School of Engineering said, "As we move forward to the digital economy and seek to adopt AI to pivot and transform businesses, there has also been a growing demand for AI expertise and skillsets. Our collaboration with Tiger Analytics is a timely step to address the growing industry demand for AI talent and capabilities. This partnership will equip our learners and Small and Medium-Sized Enterprises (SMEs) with the right set of skills and practical experience to enable them to leverage AI for growth."About Tiger AnalyticsTiger Analytics is pioneering what AI and analytics can do to solve some of the toughest problems faced by organizations globally. The company develops bespoke solutions powered by data and technology for several Fortune 500 companies. With a team of 2800+ people, a combination of technical and consulting talent, Tiger has offices in multiple cities across the US, Canada, UK, India, Singapore and Australia, and a substantial remote global workforce. Tiger Analytics has received multiple awards ranging from being recognized as a Leader by Forrester Research to being ranked among the fastest-growing tech companies by Inc. and Financial Times. It consistently features in prestigious "Best Analytics Firms" lists. To learn more, know more, visit www.tigeranalytics.com.For Media queries contact:Vishwesh@ThinkprAPAC.com+65-91018487 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
More
Another double podium for TOYOTA GAZOO Racing JCN Newswire

Another double podium for TOYOTA GAZOO Racing

22 8 月, 2022
TOKYO, Aug 22, 2022 - (JCN Newswire via SEAPRWire.com) - The TOYOTA GAZOO Racing World Rally Team has scored another double podium finish at Ypres Rally Belgium as Elfyn Evans finished just five seconds away from victory in second position with Esapekka Lappi in third.In their second time hosting a round of the FIA World Rally Championship, the farmland roads of the West Flanders region again lived up to their historic reputation as one of rallying's most demanding asphalt tests with frequent surface changes and little margin for error.Kalle Rovanpera was one of many drivers to be caught out when he rolled on Friday morning's second stage: a first significant setback in what has been an outstanding season so far from the young Finn. An extensive rebuild of his car by the team's technicians allowed Rovanpera and co-driver Jonne Halttunen to return under restart rules the next day and target points in the rally-ending Power Stage over the famous cobbled climb of the Kemmelberg. There they set the fastest time to leave Belgium with their championship lead still a commanding one at 72 points with four rounds remaining.Evans and his co-driver Scott Martin took over the lead when Rovanpera dropped out, but a slow puncture that compromised their tyre strategy and a 10-second penalty for arriving late to one stage meant they ended Friday third overall and 13.7 seconds from the lead. Having fought back on Saturday and gained second overall, Evans continued to close the gap to the leader Ott Tanak with two stage wins on the final morning, but just fell short in the end.Lappi and co-driver Janne Ferm scored their third podium from six starts and second in as many weeks with a superbly consistent and clean weekend on a rally where their only previous experience came eight years ago, having already had top-four pace from the start. The result ensures TGR still has a strong lead of 88 points in the manufacturers' championship.Takamoto Katsuta recovered from an issue on Friday morning to finish fifth in his TGR WRT Next Generation entry with co-driver Aaron Johnston, and is now the only driver to have finished every rally in the top 10 this season.The public debut of the innovative GR Yaris H2 concept took place on the stages in Belgium, and was completed by Toyota rally legend Juha Kankkunen driving the Power Stage ahead of the competitive field in the hydrogen-fuelled car, running on Pirelli tyres. After driving the GR Yaris H2 himself on Saturday, Team Founder Akio Toyoda had the chance to ride alongside Kankkunen on the most varied stage of the weekend before greeting his drivers at the podium.For more information, visit https://toyotagazooracing.com/wrc/release/2022/rd09-day3/. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
More