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JinkoSolar to Report Third Quarter 2020 Results on December 7, 2020
SHANGRAO, China, Nov. 27, 2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2020 before the open of U.S. markets on Monday, December 7, 2020. JinkoSolar's management will host an earnings conference call on Monday, December 7, 2020 at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing / Hong Kong the same day). Dial-in details for the earnings conference call are as follows: Hong Kong / International: +852 3027 6500 U.S. Toll Free: +1 855-824-5644 Passcode: 27311972# Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, December 14, 2020. The dial-in details for the replay are as follows: International: +61 2 8325 2405 U.S.: +1 646 982 0473 Passcode: 319339095# Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar's website at http://www.jinkosolar.com. About JinkoSolar Holding Co., Ltd. JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial, and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for silicon wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020. JinkoSolar has 9 production facilities globally, and 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland, and Argentina. To find out more, please see: www.jinkosolar.com Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For investor and media inquiries, please contact: In China: Ms. Ripple ZhangJinkoSolar Holding Co., Ltd.Tel: +86 21-5183-3105Email: ir@jinkosolar.com Mr. Rene VanguestaineChristensenTel: + 86 178 1749 0483Email: rvanguestaine@ChristensenIR.com In the U.S.: Ms. Linda BergkampChristensen, Scottsdale, ArizonaTel: +1-480-614-3004Email: lbergkamp@ChristensenIR.com Related Links :http://www.jinkosolar.com
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Kingston Partners with CSD in APAC to Unleash the Power of Memories
Face Mask Design Competition Awards Prizes Worth Up to USD $14,400.TAIPEI, Nov. 27, 2020 /PRNewswire/ -- Moving forward its vision of preserving memories, Kingston Technology, a world leader of memory products and technology solutions, announced a creative alliance with CSD, a leading brand of face masks, to kickstart a one of a kind initiative, Kingston x CSD APAC Mask Design Competition, centered around the theme of 'There's Strength in Memory.' Kingston and CSD call upon all creative minds across markets to unleash the power of memories, a new initiative aimed at inspiring people to come up with compelling designs for face masks based on their enchanting memories and life experiences. The winners of the competition stand a chance to win exciting prizes worth up to USD $14,400. Kingston Technology, a world leader of memory products and technology solutions, today announced a creative alliance with CSD, a leading brand of face masks, to kickstart a one of a kind initiative, Kingston x CSD APAC Mask Design Competition, centered around the theme of ‘There’s Strength in Memory.’ A collaboration echoing the singular vision 'There's Strength in Memory' Kingston and CSD have worked for many years creating quality products that are a part of everyone's daily life. The partnership comes out of a shared vision as both companies believe that during this unfortunate, unprecedented time, their memories have the power to hold them together and give them immense strength like nothing else. Commenting on the unique partnership, Kevin Wu, sales/marketing and business development Vice President of APAC region, Kingston, said, "We at Kingston believe that our memories connect us to our inner strengths. For over 30 years, we have worked consistently to empower our customers to create, manage and preserve their digital content on the move, with best-in-class products. Through our partnership with CSD, we are thrilled to announce the Kingston x CSD APAC Mask Design Competition to capture the most enthralling memories on face masks. We expect that this initiative will certainly motivate consumers to come up with something unique for the rest of the world in the form of beautiful face masks. Our partnership with CSD will help us turn a new leaf in our journey to bring people closer to their memories which they really love; and, to embody that Kingston is with you during these life moments.'' Commenting on the competition, Jonathan Chang, COO of CSD, said, "In the past decade, CSD has been looking at the consumer healthcare sector with a new perspective -- changing the monochromatic impression of the consumer healthcare sector by injecting lifestyle and designer elements into it. With over 70 years of the medical industry experience and 5 years of reinventing the concept of what a face mask is, we have successfully invented a series of face masks that not only provides protection for your health, but also acts as a statement of personal style. The Kingston x CSD APAC Mask Design Competition is another step towards reinventing the concept of what an everyday item can be; creating something unique and personal through a collaboration with our consumers, as they turn their individual memories into a fashion statement." An opportunity of a lifetime- 'Kingston x CSD APAC Mask Design Competition' All the creative folks across markets should not miss the chance to win prizes worth up to USD $14,400, consisting of cash prizes, Kingston products, self-designed face masks, trophies and certificates. Depending on the categories, the artwork submitted by the participants will be judged based on two criteria. First, 3 Colors Creativity, which emphasizes creative interpretation of the theme and quality of artistic composition allowing up to three colors. Second, Unlimited Colors, which underscores the use of colors and overall impression of the art as well as allows color gradients. Timeline and Awards: Submission of artworks/design: November 24, 2020 - December 24, 2020 Announcement of results: February 9, 2021 Fan Favorite Awards: Top five winners per category will receive a product package from Kingston & CSD (market price approx. 300 USD). And will be ranked based on the number of likes on the designs. Online voting starts on November 24 and ends on December 27, 2020. The results will be announced on January 6, 2021. Best Design Awards: Separated to Grand Prize: The winner of each contest will receive a 5,000USD cash prizes, a custom-made face mask of 50 pieces and a trophy. Consolation prize: 2nd - 5th of each contest category will receive a 300USD cash prize, a custom-made face mask of 50 pieces and a trophy. Special Awards: The finalists for brand selection will receive a 1,000USD cash prize and a custom-made mask of 20 pieces. Jury members will announce the finalists on January 27, 2021, followed by online voting from January 27 to February 7. Winners will be announced on February 9, 2021. The competition is open to residents in APAC such as Taiwan, India, Japan, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Hong Kong. Audience can vote for their favorite designs every day, hence, don't miss the golden opportunity to submit the design early in order to get maximum likes from the audience and win exciting prizes. For more details please refer to: https://kings.tn/Mask_Design_Contest Kingston can be found on: Facebook: https://www.facebook.com/KingstonAPAC YouTube: http://www.youtube.com/user/KingstonAPAC Kingston -- Guarding Your Memories, Kingston is With You As the world's largest independent memory manufacturer, Kingston offers a variety of services such as memory modules, NAND flash products, technology solutions and supply chain management. For 17 consecutive years, Kingston has stood firm as the No. 1 brand for memory modules across markets. Kingston has consistently safeguarded people's precious memories for 33 years with the highest quality standards. Aside from seeking continuous technological innovation and breakthroughs, Kingston also launched customized products tailored to meet the demands of the discerning consumers across segments. By preserving people's memories, we have become the driving force for progressive development. Resonating our long-term values, we believe that only with "memory" growth, can there be breakthroughs in "memory" technology. Only with excellent "memory" can you become the world's best and hence as an indispensable part of your memories -- Kingston is With You'. CSD -- Health in Style Founded in 1947, CSD is the first surgical dressings factory in Taiwan. For decades, as the leader in Taiwan for health protection supplies, they have supplied reliable and quality medical suppliers to doctors and hospitals internationally, and have become a significant player in the process. With profound changes in homecare needs over the last few decades, brought about by the likes of SARS, COVID-19, and the changes in the environment's air quality, CSD took their expertise and applied it to their vision for the consumer homecare market. Since 2015, CSD has created a series of fashion medical face masks, which not only deliver high levels of safety and performance, but also combines health and style to an everyday homecare product. In addition, CSD has collaborated with multiple international boutique brands over the past few years, as well as special events and concerts. For decades to come, from hospitals to the street, CSD will continue to redefine standards and set new trends – 'Health in Style'.
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eCloudvalley Awarded as AWS Consulting Partner of the Year in ASEAN Region
SINGAPORE, Nov. 27, 2020 /PRNewswire/ -- Amazon Web Services (AWS) today announced eCloudvalley Technology as the winner of the 2020 "AWS Consulting Partner of the Year" award, recognising high performing partners in ASEAN that are helping customers drive innovation on AWS Cloud. Each year, AWS honours partners in their channel community that are leaders in helping their customers drive innovation in the business. AWS has a thriving community of consulting partners across ASEAN region, and earning this award is a recognition of eCloudvalley's deep knowledge about AWS technologies and services. "Each year, we honor AWS Partner Network (APN) Partners who are leaders in the channel community and play key roles in helping customers drive innovation and build solutions on AWS," said Conor McNamara, Managing Director, AWS ASEAN. "The ASEAN APN Partner Awards recognize a wide range of born-in-the-cloud and traditional APN Consulting and Technology Partners whose business models have embraced specialization and collaboration. Their recent success is testimony to their passion and dedication to providing customers with innovative cloud solutions." Being a high performing AWS Consulting Partner, eCloudvalley has committed to building capabilities and specializations, and has so far achieved Data & Analytics, DevOps, Mobile, SAP, Migration and Security competency on AWS. Since its founding in 2014, eCloudvalley has expanded rapidly and now has 15 offices across the globe, building expertise and a highly skilled AWS-certified consulting team for cloud services. About eCloudvalley Founded in 2014 as a born-in-the-cloud partner focused entirely on AWS services, eCloudvalley has grown to 380+ employees with geographic footprints across APAC region, in Taiwan, Hong Kong, Mainland China, Philippines, Singapore, Malaysia, Thailand, and United States. With a mission to evolve the customer's business with cloud technology, eCloudvalley has built a professional technical team with over 500 AWS certifications and has served 1,000 enterprises to perform any digital transformation. Its core competencies include Cloud Migration, Managed Services Provider, Data Solution, SAP, DB Freedom, Cloud Training, DevOps, Serverless, and Containers. Contact InformationeCloudvalley Technologywww.ecloudvalley.com Email us at info@ecloudvalley.com Singapore Office: +65-6408-0183Malaysia Office: +603-8210-8689Philippines Office: +63-2-7980-7328Related Links :http://www.ecloudvalley.com
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Pasternack Now Offers a Broad Selection of Field Replaceable Connectors
New Field Replaceable Connectors Include SMA, 3.5mm, 2.92mm, 2.4mm, and 1.85mm Options IRVINE, Calif., Nov. 27, 2020 /PRNewswire/ -- Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has just launched a new line of field replaceable RF connectors designed for use in various civil and military telecommunications, civil and military aeronautics, military equipment, as well as space and measurement system applications. Field-Replaceable-Connectors-SQ Pasternack's new field replaceable RF connectors include SMA, 3.5mm, 2.92mm, 2.4mm and 1.85mm types with 2-hole and 4-hole mounting configurations. Each connector utilizes a metal ring that grounds or mates with the component ground and will work with a range of different pin sizes. These types of connectors can be used on various sealed RF components as replaceable RF interconnects where the component has a pin exposed. The connector is attached to the wall of the component with screws and accepts the interface pin. To accommodate a wide range of RF components, several configurations of flange sizes and pin sizes are offered off-the-shelf. "Our new field replaceable connectors are perfect for changing interface types on a variety of RF components used in a wide range of applications. These versatile connectors were designed to address applications where durability, reliability and high frequency performance are required," said Steve Ellis, RF Interconnect Product Manager. Pasternack's new field replaceable connectors are in-stock and available for immediate shipping. For inquiries, Pasternack can be contacted at +1-949-261-1920. About Pasternack:A leader in RF products since 1972, Pasternack is an ISO 9001:2015 certified manufacturer and supplier offering the industry's largest selection of active and passive RF, microwave and millimeter wave products available for same-day shipping. Pasternack is an Infinite Electronics brand. About Infinite Electronics:Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite's brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMeCables, INC Installs and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment. Press Contact:Peter McNeil Pasternack 17792 Fitch Irvine, CA 92614 (978) 682-6936 Logo - https://mma.prnasia.com/media2/431140/Pasternack_Logo.jpg?p=medium600 Related Links :https://www.pasternack.com
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Chengdu making strong push to foster next-gen AI technology
CHENGDU, China, Nov. 27, 2020 /PRNewswire/ -- Chengdu, capital city of Southwest China's Sichuan province, is working to develop a national pilot zone for advancing next-generation artificial intelligence. Chengdu Supercomputing Center, the first of its kind in Southwest China, started trial operations in September. The Chengdu municipal government revealed an action plan promoting the development of an AI-centered pilot zone in November. According to the plan, Chengdu will invest more than 100 billion yuan ($15.2 billion) in over 170 major projects over two years to support the regional AI industry. It will focus on developing a core area, an innovation hub and several industrial parks. The core zone is the Chengdu Hi-tech Industrial Development Zone, a national-level innovation center in the city. It is projected to have more than 10 billion yuan in AI-related industrial output value by 2022. The Tianfu New Area, home to the Chengdu Science City, will be a hub of AI innovation. It is estimated that the scale of its AI industry will surpass 5 billion yuan in 2022. AI technologies will also be applied in 10 industrial parks including Tianfu Smart Production Industrial Park and Qingbaijiang European Industrial Park to support regional industrial upgrades. In September, Chinese communication technology giant Huawei agreed to build an AI-based big data center in the Chengdu Hi-Tech Industrial Development Zone. The project will result in an integrated big data processing center to serve economic development of Chengdu and its neighboring Chongqing city. There will also be three platforms to support Chengdu's urban management, AI innovation and digital economy. Huawei's total investment will be around 10.9 billion yuan. According to local officials, the urban management platform will support smart development in fields such as traffic, security, healthcare, contingency management, education and environmental protection. The innovation-supporting platform will help local research institutes carry out advanced technology development. Representatives from Huawei said the big data center will help the company build an industrial chain with products and solutions "developed in Chengdu, manufactured in Chengdu, and applied in Chengdu and beyond". The big data center will support Huawei's research and development while meeting computing and data storage demand of key industries across the city. The center will bring Huawei's advanced technologies in 5G, cloud, AI and computing to serve Chengdu's new infrastructure projects and smart city construction, the telecoms giant said. In June, Chinese internet search giant Baidu joined hands with the Chengdu Hi-tech Industrial Development Zone to promote its self-driving taxi service, the Apollo Go Robotaxi, in Chengdu. The movement will support the autonomous driving sector's development in the city. Chengdu Supercomputing Center, the first of its kind in Southwest China, started trial operations in September. Government officials said the supercomputing center will strongly support AI industry growth in the region. A representative from the center said designers had considered using the center to support local AI development even before its construction started. The center can meet various AI computing demands and will help to lower developers' investment and operational costs. In the future, the center will attract more computing professionals while establishing partnerships with leading universities and institutes. To build a national pilot zone for next-generation AI, Chengdu will promote cooperation among universities, research institutions and enterprises for industrialization of research results. The zone is expected to become an important technological engine to drive local growth, making Chengdu and the broader region that encompasses Chengdu and Chongqing an influential innovation hub in China. The move is expected to create a better development environment for businesses, allowing them to enjoy better infrastructure, data and talent resources, according to local officials.
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LAIX Inc. Announces Third Quarter 2020 Unaudited Financial Results
SHANGHAI, Nov. 27, 2020 /PRNewswire/ -- LAIX Inc. ("LAIX" or the "Company") (NYSE: LAIX), an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning, today announced its unaudited financial results for the third quarter ended September 30, 2020. Third Quarter 2020 Financial and Operating Highlights Gross billings[1] for the third quarter of 2020 were RMB257.1 million (US$37.9 million), a 16.1% decrease from RMB306.2 million for the previous quarter and a 6.6% decrease from RMB275.4 million for the same quarter last year. Net revenues for the third quarter of 2020 were RMB239.4 million (US$35.3 million), a 11.1% decrease from RMB269.4 million for the previous quarter and an 8.6% decrease from RMB262.1 million for the same quarter last year. Gross margin for the third quarter of 2020 was 72.9%, compared with 71.9% for the previous quarter and 72.6% for the same quarter last year. Sales and marketing expenses for the third quarter of 2020 were RMB185.5 million (US$27.3 million), a 7.6% decrease from RMB200.7 million for the previous quarter and a 35.9% decrease from RMB289.2 million for the same quarter last year. Net loss for the third quarter of 2020 was RMB70.6 million (US$10.4 million), compared with RMB92.5 million for the previous quarter and RMB214.1 million for the same quarter last year. Operating cash outflow for the third quarter of 2020 was RMB53.1 million (US$7.8 million), compared with RMB66.4 million for the previous quarter and RMB119.5 million for the same quarter last year. Approximately 0.5 million paying users purchased the Company's courses and services for the third quarter of 2020, compared with approximately 0.5 million paying users for the previous quarter and approximately 0.9 million paying users for the same quarter last year. [1] "Gross billings" for a certain period refer to the total amount of cash received from the sale of course packages in that period net of the total amount of cash refunds paid to users in the same period. Management Comments Dr. Yi Wang, Chairman and Chief Executive Officer of LAIX, commented, "Total net revenues in the quarter were RMB239.4 million, in line with our guidance. Gross profit margin further grew to 72.9% from 71.9% in the previous quarter. With the adjustments we made since the second quarter of 2020, we have seen a constant flow of positive effects on our streamlined operations. That could be seen in our net loss, which was further narrowed to RMB70.6 million, a 23.6% improvement quarter-over-quarter. "Our primary focus area remains on the optimization of our product mix and improving the learning experience. By continually upgrading our content offering, we hope to drive further improvement in conversion and retention rates. We are also committed to expanding our technological advantages to lead the AI-powered English learning market. With our newly developed AI teacher 'Alix,' we are making English learning more interactive, efficient and convenient by leveraging our proprietary technology. Looking ahead, we aim to further execute on our growth initiatives, bring our value proposition to the market and maximize long-term value to all our stakeholders," concluded Dr. Wang. Third Quarter 2020 Financial Results Net Revenues Net revenues for the third quarter of 2020 were RMB239.4 million (US$35.3 million), a 11.1% decrease from RMB269.4 million for the previous quarter and an 8.6% decrease from RMB262.1 million for the same quarter last year. The quarter-over-quarter decrease was primarily attributable to a decrease in gross billings caused by the Company's stringent cost control in user acquisition expenditures. Cost of Revenues Cost of revenues for the third quarter of 2020 was RMB65.0 million (US$9.6 million), a 14.1% decrease from RMB75.6 million for the previous quarter and a 9.6% decrease from RMB71.8 million for the same quarter last year. The quarter-over-quarter change was primarily due to efficiency optimization in personnel management and cost control in IT service. Gross Profit and Gross Margin Gross profit for the third quarter of 2020 was RMB174.5 million (US$25.7 million), a 10.0% decrease from RMB193.8 million for the previous quarter and an 8.3% decrease from RMB190.3 million for the same quarter last year. Gross margin for the third quarter of 2020 was 72.9%, compared with 71.9% for the previous quarter and 72.6% for the same quarter last year. Operating Expenses Total operating expenses for the third quarter of 2020 were RMB252.1 million (US$37.1 million), a 13.0% decrease from RMB289.7 million for the previous quarter and a 37.7% decrease from RMB404.8 million for the same quarter last year. The changes were primarily due to stringent cost control in user acquisition expenditures and the optimization of the organizational structure. Sales and marketing expenses for the third quarter of 2020 were RMB185.5 million (US$27.3 million), a 7.6% decrease from RMB200.7 million for the previous quarter and a 35.9% decrease from RMB289.2 million for the same quarter last year. The changes were primarily due to the Company's stringent cost control in user acquisition expenditures. Research and development expenses for the third quarter of 2020 were RMB45.8 million (US$6.8 million), a 5.5% decrease from RMB48.5 million for the previous quarter and a 20.6% decrease from RMB57.7 million for the same quarter last year. The changes were primarily due to the efficiency optimization in personnel management. General and administrative expenses for the third quarter of 2020 were RMB20.8 million (US$3.1million), a 48.7% decrease from RMB40.5 million for the previous quarter, primarily due to a one-off impairment loss on leasehold improvement in the previous quarter. General and administrative expenses also decreased by 64.1% from RMB57.9 million for the same quarter last year, primarily due to the efficiency optimization in personnel management. Loss from Operations Loss from operations for the third quarter of 2020 was RMB77.6 million (US$11.4 million), compared with RMB95.9 million for the previous quarter and RMB214.5 million for the same quarter last year. Adjusted EBITDA[2] Adjusted EBITDA for the third quarter of 2020 was a loss of RMB55.6 million (US$8.2 million), compared with an adjusted EBITDA loss of RMB77.8 million for the previous quarter and an adjusted EBITDA loss of RMB203.6 million for the same quarter last year. [2] "Adjusted EBITDA" is a non-GAAP measure, which represents EBITDA before share-based compensation expenses. EBITDA represents net loss before interest, tax, depreciation and amortization. See "Reconciliations of GAAP and Non-GAAP Results" at the end of this press release. Foreign exchange related (losses) / gains, net Foreign exchange gain was RMB3.0 million (US$0.4 million) in the third quarter of 2020, compared with a foreign exchange gain of RMB0.1 million for the previous quarter and a foreign exchange loss of RMB2.6 million for the same quarter last year. Net Loss Net loss for the third quarter of 2020 was RMB70.6 million (US$10.4 million), compared with RMB92.5 million for the previous quarter and RMB214.1 million for the same quarter last year. Adjusted net loss[3] for the third quarter of 2020 was RMB61.4 million (US$9.0 million), compared with RMB85.3 million for the previous quarter and RMB209.7 million for the same quarter last year. Basic and diluted net loss per ordinary share attributable to ordinary shareholders for the third quarter of 2020 was RMB1.43 (US$0.21), compared with RMB1.87 for the previous quarter and RMB4.33 for the same quarter last year. [3] "Adjusted net loss" is a non-GAAP measure, which excludes share-based compensation expenses. See "Reconciliation of GAAP and Non-GAAP Results" at the end of this press release. Balance Sheet & Cashflows As of September 30, 2020, the Company's cash, cash equivalents, restricted cash and short-term investments totaled RMB327.2 million (US$48.2 million), compared with RMB390.3 million as of June 30, 2020 and RMB552.6 million as of December 31, 2019. Net cash used in operating activities was RMB53.1 million (US$7.8 million) and RMB119.5 million for the three months period ended September 30, 2020 and 2019, respectively. Our liquidity to meet our future working capital is based on our ability to attract new users, enhance user engagement and retention by offering higher quality and diversified courses while closely controlling the content costs, and optimizing traffic acquisition strategy to efficiently control and reduce these user related costs. We will continue to further preserve liquidity and manage cash flows by reducing discretionary expenditure including promotion expenses and general and administrative expenses. Our liquidity is also based on our ability to obtain capital financing from equity or debt investors. Currently, we believe that we have sufficient cash to fund operations for at least the next 12 months. As of September 30, 2020, the Company's deferred revenue and long-term deferred revenue totaled RMB823.4 million (US$121.3 million), compared with RMB828.8 million as of June 30, 2020 and RMB696.0 million as of December 31, 2019. Outlook For the fourth quarter of 2020, the Company currently expects: - Net revenues to be between RMB210.0 million to RMB230.0 million, which would represent a decrease of approximately 9.2% to 0.6% from RMB231.4 million for the same quarter last year; This forecast reflects the Company's current and preliminary view on the current business situation and market conditions, which is subject to change. Conference Call The Company's management will host an earnings conference call at 8:00 PM U.S. Eastern Time on November 26, 2020 (9:00 AM Beijing/Hong Kong time on November 27, 2020). Dial-in details for the earnings conference call are as follows: United States (toll free): +1-877-396-2308 International: +1-647-689-5527 Mainland China: 400-048-6136 or 400-043-3098 Hong Kong: +852-5803-0358 Conference ID: 5312108 Participants should dial-in at least 10 minutes before the scheduled start time to be connected to the call. Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.laix.com/investors. About LAIX Inc. LAIX Inc. ("LAIX" or the "Company") is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. Its proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education pedagogies and the mobile internet. LAIX believes its innovative approach fundamentally transforms learning. LAIX provides its products and services on demand via its mobile apps, primarily its flagship "English Liulishuo" mobile app launched in 2013. On the Company's platform, AI technologies are seamlessly integrated with diverse learning content incorporating well-established language learning pedagogies, gamified features and strong social elements to deliver an engaging, adaptive learning experience. LAIX provides a variety of courses inspired by a broad range of topics and culture themes to make English learning more interesting and is committed to offering a fun, interactive learning environment to motivate and engage its users. For more information, please visit: http://ir.laix.com. Use of Non-GAAP Financial Measures We use adjusted EBITDA and adjusted net loss, each a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that adjusted EBITDA and adjusted net loss help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in loss from operations and net loss. We believe that adjusted EBITDA and adjusted net loss provide useful information about our results of operations, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making. Adjusted EBITDA and adjusted net loss should not be considered in isolation or construed as an alternative to loss from operations, net loss or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA and adjusted net loss presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure. Exchange Rate Information This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from Renminbi to U.S. dollars are made at a rate of RMB6.7896 to US$1.00, the rate in effect as of September 30, 2020 published by the Federal Reserve Board. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "confident," "potential," "continue" or other similar expressions. Among other things, the Outlook and quotations from management in this announcement, as well as LAIX's strategic and operational plans, contain forward-looking statements. LAIX may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about LAIX's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a variety of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: LAIX's goals and strategies; LAIX's future business development, results of operations and financial condition; the expected growth of the education market; LAIX's ability to monetize the user base; fluctuations in general economic and business conditions in China; the potential impact of the COVID-19 to LAIX's business operations and the economy in China and elsewhere generally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law. For investor and media inquiries, please contact: LAIX Inc.Harry HeInvestor RelationsEmail: ir@laix.com The Piacente Group Investor RelationsBrandi PiacenteTel: +1-212-481-2050Email: liulishuo@tpg-ir.com Emilie WuTel: +86-21-6039-8363Email: liulishuo@tpg-ir.com LAIX INC. UNAUDITED CONSOLIDATED BALANCE SHEETS (Amount in thousands of Renminbi ("RMB") and US dollars ("US$")) As of As of December 31, 2019 September 30, 2020 RMB RMB US$ ASSETS Current assets: Cash and cash equivalents 281,166 161,408 23,773 Restricted cash 1,816 397 58 Short-term investments 269,643 165,402 24,361 Accounts receivable, net 7,360 5,650 832 Prepayments and other current assets 86,787 65,896 9,705 Total current assets 646,772 398,753 58,729 Non-current assets: Property and equipment, net 71,637 41,311 6,084 Investment in equity fund 5,919 5,960 878 Intangible assets, net 15,541 14,058 2,071 Operating lease right-of-use assets, net 155,525 88,656 13,058 Other non-current assets 8,447 7,203 1,061 Deferred tax assets 15,336 15,336 2,259 Total non-current assets 272,405 172,524 25,411 Total assets 919,177 571,277 84,140 LIABILITIES Current liabilities: Accounts payable 137,684 89,527 13,186 Deferred revenue 695,971 778,894 114,719 Salary and welfare payable 153,969 132,314 19,488 Tax payable 74,340 76,158 11,217 Operating lease liability, current 37,009 21,705 3,197 Accrued liabilities and other current liabilities 15,444 15,786 2,324 Total current liabilities 1,114,417 1,114,384 164,131 Non-current liabilities: Deferred revenue, non-current - 44,553 6,562 Operating lease liability, non-current 117,124 70,835 10,433 Other non-current liabilities 12,441 11,848 1,744 Total non-current liabilities 129,565 127,236 18,739 Total liabilities 1,243,982 1,241,620 182,870 Shareholders' equity Class A Ordinary shares 208 211 31 Class B Ordinary shares 121 121 18 Subscriptions Receivable from shareholders (122) (198) (29) Treasury Stock (10,730) (15,327) (2,257) Additional paid-in capital 1,167,884 1,193,874 175,839 Accumulated other comprehensive income 29,483 22,770 3,354 Accumulated deficit (1,511,649) (1,871,794) (275,686) Total shareholders' equity (324,805) (670,343) (98,730) Total liabilities and shareholders' equity 919,177 571,277 84,140 LAIX INC. UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Amount in thousands of Renminbi ("RMB") and US dollars ("US$") except for number of shares and per share data) Three months ended Nine months ended September 30 June 30 September 30 September 30 September 30 2019 2020 2020 2019 2020 RMB RMB RMB US$ RMB RMB US$ Net revenues 262,092 269,405 239,426 35,264 791,823 737,169 108,573 Cost of revenues (71,825) (75,646) (64,960) (9,568) (196,380) (219,405) (32,315) Gross profit 190,267 193,759 174,466 25,696 595,443 517,764 76,258
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Coumi Launches True Wireless Earbuds with Active Noise Cancelling
Coumi 860 True Wireless Earbuds Equipped with Advanced Active Noise Cancelling Technology, Enjoy Music on the go with Superior Clear SoundSAN FRANCISCO, Nov. 26, 2020 /PRNewswire/ -- Coumi, a global leading audio products company, introduced a brand new true wireless earbuds with the model number of 860. Equipped with advanced active noise cancelling technology as well as other compressive features like crystal clear sound, IPX7 waterproof, longer battery life, fast pairing and flexible listening modes etc., it enables users to stay connected on the go. Wireless earbuds are becoming more and more popular, especially these with noise cancelling technology. And you can find tons of wireless earbuds that promised to have noise cancelling technology. However, when you delve into it, you will find most of them are only passive noise cancelling, this is not the case with Coumi ANC 860 wireless earbuds who is characterized by its active noise cancelling technology. Coumi ANC 860's advanced active noise cancelling technology can effectively reduce ambient noise by up to 28dB, quells in the cafe, airplane cabin noise, city traffic, library, or a busy office. Below are the main features to help users get clear information. Key Features of Coumi 860 Wireless Earbuds: Active Noise Cancelling: With advanced Hybrid Active Noise Cancelling technology, users can listen at lower volume levels, causing less ear fatigue as they don't have to crank up the volume to overcome background noise. Ideal for plane rides, morning commutes, outdoor activities, etc. Crystal Clear Sound: With 2 Active Noise Cancelling microphones, 1 voice pick-up microphone and Hybrid Active Noise Cancelling technology, it can effectively block out 80% of background noises and make the user's voice 3X clearer, so that they can be heard even in noisy environments. IPX7 Waterproof: IPX7 waterproof can effortlessly protect the earbuds against water, sweat & rain. Water-resistant devices can resist the penetration of water, such as powerful water jets, but not being submerged into water. It's perfect for running, gym, sports lovers, and all kinds of outdoor activities. One-step Fast Pairing: Bluetooth 5.0 technology provides a fast and stable connection and low power consumption, it can seamlessly connect with/to all kinds of devices with Bluetooth support, When the user picks up the earbuds from the charging case, they will automatically connect to the last paired device. Longer Battery Life: users can enjoy music up to 5.5 hours (ANC ON) / 7.5 hours (ANC OFF) on a single charge, USB-C charging case provides an extra recharge, extends playtime for a total of up to 30 hours (ANC ON) / 41 hours (ANC OFF). Longer battery life means less charge. Flexible Listening Mode: Thanks to the L/R separate connectivity technology. Users can now listen to the music via either the left or right earpieces as a single earphone or use together as a pair of stereo earphones, they can either enjoy music by themselves or share with friends, family or lovers. Pricing and Availability: Coumi ANC 860 wireless earbuds is now available at Amazon for $59.99. However, with a 40% OFF code 3Y4TK863 and 10% OFF coupon, people now have the chance to get it at only half of the original price. About Coumi: Coumi is a global leading audio products company who is specialized in researching, developing, marketing and sales of high-end Bluetooth headphone, including AI voice-controlled earphones, TWS earphones, ANC earphones, hearing safety earphone, smart voice EQ earphone, Hi-Res earphones with in-ear, on-ear, ear hook, over neck types etc. For more info, please contact Vip.coumi@outlook.com
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Wondershare FamiSafe: The Most Reliable Parental Control App
Now supports third-party log in and pairing code mode VANCOUVER, BC, Nov. 26, 2020 /PRNewswire/ -- Wondershare has launched the new version of FamiSafe. As a parental control software, FamiSafe 4.0.6 provides new features including third-party log in and pairing code mode, protecting kids in an all-round way. The app is now available for Android, iOS, Mac, Windows, and Kindle Fire. "Wondershare FamiSafe gives parents peace of mind and fosters healthy digital habits in children. It provides full control to monitor their online activities and app usage from a single place," said Mini Wan, Product Director of Wondershare FamiSafe. "The new version enables parents to connect with their kids in a more simple and convenient way, especially for those who have more than one kid." FamiSafe's key features include: Third-Party Log In: the app supports users logging in from their Google, Facebook or APPLE ID. Pairing Code Mode: Use pairing code mode to log in instead of the normal way. Activity Report: Track daily activities on kids' devices, see which apps are used and how much time they spend on them. App Blocker: Set time limits, block apps by categories and define study or sleep times. Screen Time: Set smart schedules at certain locations, and reward with screen time when kids finish agreed tasks. Web Content: Block inappropriate or unwanted websites. Users can download Wondershare FamiSafe from the Google Play Store or App Store, with a starting price of $9.9 month (covers 5 devices). For more information about Wondershare FamiSafe, visit the official website: https://famisafe.wondershare.com/ or follow us on social media: Facebook, Twitter and Instagram. About Wondershare Founded in 2003, Wondershare is a global leader in software development and a pioneer in the field of digital creativity. Our technology is powerful, and the solutions we provide are simple and convenient. That's why we're trusted by millions of people in over 150 countries worldwide. We help our users pursue their passions so that, together, we can build a more creative world. www.wondershare.com Media ContactEllen ChengWondershareellenc@wondershare.com Related Links :http://www.wondershare.com
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Baseus Announces New Gallium Nitride (GaN) Series 120W Charging Heads
AUGSBURG, Germany and HILLIARD, Ohio, Nov. 26, 2020 /PRNewswire/ -- By virtue of the advanced research and development technology and excellent quality, Baseus, the well-known brand in domestic consumer electronics industry, has brought a variety of high-quality products to consumers. Baseus grandly launched 45W/65W/120W new Gallium Nitride (GaN) Series 120W Charging Heads leading the entire charging industry. Baseus GaN series Quick Chargers First of all, the company has to introduce the First 65W Triple-port Quick Charging plug on the market, which can be used for charging three devices at the same time. This charger is not only compatible with mainstream charging protocols such as QC and PD, but also supports SCP and FCP. It can fast charge laptops, phones, NS, smart wearable devices, etc. There's nothing to worry about charging even if consumers need to carry multiple digital devices on a trip. The second is 120W Charging Plug. This product is mainly designed for charging laptops, up to 100W 20V/5A. It can fast charge two laptops simultaneously, compatible with MacBook, Dell, HP, Lenovo and more. Another one is 45W 2-in-1 Charging Plug, which supports quick charging, and can be used as a 10000mAh power bank. The Type-C port supports charging up to 30W 20V/2.25A. As people all know, GaN chargers are smaller and more powerful than traditional chargers, making them ideal for using at home, in the office or for business trip. Compared with other products on the market that are made of GaN only, Baseus three new products are able to achieve Higher Frequency, Smaller Size, Higher Efficiency and Lower Temperature Rise via adopting the Third-generation Semiconductor Materials, GaN and SiC. Baseus GaN series adopts industrial-grade LLC resonant circuit and half-bridge architecture with two GaN MOS switches. The LLC architecture contains a resonant inductor and resonant capacitor, and two transformers are a output main transformer and resonant circuit-drive transformer. Therefore it realizes higher efficiency with high-power power supply. The half-bridge architecture with two GaN MOS switches requires less on voltage withstand value of devices, to achieve greater output power and higher output efficiency. A variety of models of 65W, 120W, 45W 2-in-1 chargers offered by Baseus are advanced products leading the industry in terms of configuration. Also the powerful product lines are unparelled by other brands. They also offer different ports and colors, which maximally meets the diverse needs of consumers and is favoured by white collar workers, businessmen and technology enthusiasts. Till October 2020, Sales Volume of Baseus GaN Series Products has reached One Million pcs. "Charge Fast, Baseus First" Baseus has been taking the fastest action to bring faster and safer charging experience to consumers all around the world. Baseus is derived from the brand's slogan Base on User, which represents their insistence on thinking from the user's point of view. As a core, everything they do is based on the users, creating simple and practical products to constantly enrich the user's life. Baseus insists on designing innovation, focusing on technical and quality strength. Centered by Baseus, they developed and produced Baseus Games, Music, Lighting, Car Products and Home Appliances to meet users' needs for more intelligent products. Related Links:https://amzn.to/38TrkuM Press Contacts:Address: 4340 Lyman Dr., Hilliard, OH 43026, United StatesAlbert Ou – Public Relations SpecialistEmail: vipbaseus@gmail.com Phone: +86 13530560435 Related Links :http://www.baseus.com
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The 8th Forum on China-ASEAN Technology Transfer and Collaborative Innovation Unveiled in Nanning
NANNING, China, Nov. 26, 2020 /PRNewswire/ -- The 8th Forum on China-ASEAN Technology Transfer and Collaborative Innovation (hereinafter referred to as the "Forum"), hosted by the Ministry of Science and Technology and the People's Government of Guangxi Zhuang Autonomous Region, and organized by Guangxi Science and Technology Department and China-ASEAN Technology Transfer Center, was officially unveiled on November 26 in Nanning, Guangxi Zhuang Autonomous Region. With the theme "Empower the Future with Opening-up and Innovation," the Forum consisted of opening activities and a series of events such as the main forum, the 2nd ASEAN Plus Three Young Scientist Innovation Forum, the 17th China-ASEAN Expo Advanced Technology Exhibition, China-ASEAN Technology Transfer Matchmakings, and China-ASEAN International Forum on Sustainable Development and Innovation Cooperation, in a bid to facilitate the orderly circulation and integrated development of innovation elements between China and ASEAN. Six ministerial-level officials from science & technology departments of ASEAN member states such as Cambodia, Indonesia, Malaysia, Myanmar, the Philippines and Thailand delivered video speeches at the opening ceremony. Representatives from Japan, South Korea and ASEAN member states in the field of technology and innovation shared their experience regarding the construction of joint laboratory at the 2nd ASEAN Plus Three Young Scientist Innovation Forum online or offline. The opening ceremony witnessed the announcement and signing of a large number of innovation cooperation achievements. Guangxi Zhuang Autonomous Regional People's Government signed a strategic cooperation agreement with Chang'an University. China-ASEAN Technology Transfer Center (CATTC) Bangkok Innovation Center and China-Thailand-ASEAN Innovation Port were unveiled online. The China-ASEAN Big Earth Data Innovation Center project spearheaded by academician Guo Huadong was also launched at the forum. These signings would drive the technology and innovation cooperation between China and ASEAN, and jointly fuel the high-quality development of regional economy. This year's forum marked the 8th successful session since 2013. Over the years, the Forum actively serves the communication and matchmaking between China and ASEAN governments, enterprises and organizations, which have effectively boosted the regional technology transfer and innovation cooperation, and played a crucial and positive role in deepening the implementation of Guangxi's "three positioning" outlined by the central government and fostering global and regional win-win cooperation and good neighborliness. Image Attachments Links: http://asianetnews.net/view-attachment?attach-id=378218 Caption: The 8th Forum on China-ASEAN Technology Transfer and Collaborative Innovation
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IAR Systems delivers extended optimization and trace capabilities for RISC-V development
- Latest version of IAR Embedded Workbench for RISC-V adds new optimizations for code size and speed, enhanced trace and support for Nuclei devices UPPSALA, Sweden, Nov. 26, 2020 /PRNewswire/ -- IAR Systems®, the future-proof supplier of software tools and services for embedded development, has extended the complete development toolchain IAR Embedded Workbench® for RISC-V with additional trace functionality and new compiler optimizations. Building on existing support for a range of MCUs and FPGAs from several vendors, latest version 1.40 introduces support for Nuclei System Technology devices. In addition, this new version includes enhanced implementation of the draft P extension and intrinsics with support for the vectorized versions. Through excellent optimization technology, IAR Embedded Workbench for RISC-V helps developers ensure the application fits the required needs and optimize the utilization of on-board memory. The latest version introduces several new compiler optimizations for speed and size, in addition to new optimized libraries for string handling. This results in improved size optimizations across a wide range of standard code bases, as well as significant improvements in speed optimizations for real-world benchmarks. To ensure code quality, the toolchain includes C-STAT® for integrated static code analysis. C-STAT proves code alignment with industry standards like MISRA C:2012, MISRA C++:2008 and MISRA C:2004, and also detects defects, bugs, and security vulnerabilities as defined by CERT C and the Common Weakness Enumeration (CWE). As previously announced, a functional safety edition of IAR Embedded Workbench for RISC-V, certified by TÜV SÜD according to IEC 61508 and ISO 26262, will be available in early 2021, delivering qualified tools, simplified validation and guaranteed support through the product life cycle. IAR Embedded Workbench offers native support for powerful debugging and trace probes, enabling additional capabilities for monitoring and understanding an application's behavior. The debug probe I-jet supports on-chip RAM buffered trace, in addition to fast JTAG/cJTAG/DAP debug. For livestreaming of trace information for code coverage and profiling purposes, developers are able to use the trace probe I-jet Trace. With I-jet Trace, IAR Embedded Workbench provides developers with full control of all active settings and the live trace status of the application. In addition, function profiling makes it possible to see and analyze timing information for the functions in an application, while code coverage analysis shows the percentage of code that has been executed down to single instruction resolution. These combined capabilities offer a non-intrusive and easy-to-use code optimization tool. With the latest version of IAR Embedded Workbench for RISC-V, the trace capabilities are extended with enhanced support for the SiFive Insight debug solution and added support for Trace trigger points, making it possible to tailor when to start and stop trace capture. IAR Systems is exhibiting at the virtual RISC-V Summit December 8-10, 2020, and Robert Chyla, Lead Emulation Architect at IAR Systems, will present the topic "Overview of Trace for RISC-V" in the Software & Tools stream on Thursday, December 10, 2:00pm - 3:30pm PST (Pacific Standard Time, GMT-8). IAR Embedded Workbench for RISC-V is a complete C/C++ compiler and debugger toolchain. For developers who want to try the toolchain, IAR Systems provides a RISC-V evaluation kit free of charge to companies with commercially viable development projects. More information about the toolchain is available at www.iar.com/riscv. Editor's Note: IAR Systems, IAR Embedded Workbench, Embedded Trust, C-Trust, C-SPY, C-RUN, C-STAT, IAR Visual State, IAR KickStart Kit, I-jet, I-jet Trace, I-scope, IAR Academy, IAR, and the logotype of IAR Systems are trademarks or registered trademarks owned by IAR Systems AB. All other product names are trademarks of their respective owners. IAR Systems Contacts AnnaMaria TahlenMedia Relations & Content ManagerIAR SystemsTel: +46 18 16 78 00 Email: annamaria.tahlen@iar.com Tora FridholmCMOIAR SystemsTel: +46 18 16 78 00Email: tora.fridholm@iar.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/iar-systems/r/iar-systems-delivers-extended-optimization-and-trace-capabilities-for-risc-v-development,c3243658 The following files are available for download: https://mb.cision.com/Main/386/3243658/1339950.pdf IAR_Systems_delivers_extended_optimization_and_trace_capabilities_for _RISC-V_development
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In support of businesses for getting ahead with the Citizen Programmer initiative, Infocan launches Comprehensive Digital Transformation Consultation
Accelerating business digitalization to thrive under the New Normal HONG KONG, Nov. 26, 2020 /PRNewswire/ -- Infocan, a leading IT consulting and training company established in Hong Kong for over 30 years, is launching a customized Comprehensive Digital Transformation Consultation Programme ("the Programme") to help businesses accelerate their digital transformation. Through in-depth analysis of the technology challenges that organizations face, Infocan will be able to introduce pertinent new technologies and support their integration into different areas of the business to realize the immense business opportunities made possible with digital transformation. Through the Programme, Infocan not only recommends cloud-based applications in the market for use by businesses, such as applications that support remote work during the Covid-19 pandemic, it also customizes solutions for training of employees to become citizen programmers who are business users with little or no coding experience, to develop the company's own new business applications for increased efficiency and enhanced customer experiences. Harry Ng, Director of Skills Transfer Consulting at Infocan, says, "We want to support businesses most adversely affected by the pandemic to speed up integrating technology into different areas of their business, for greater productivity at lower costs. There are many 'cloud-based applications' we can recommend based on company needs, including business apps such as Klaxoon, Miro, Airtable allowing employees to control inventory or monitor project progress from remote sites, or to automate visitors check-in and track visitor's whereabouts as a measure for pandemic control. The pandemic has been a catalyst for greater digital transformation. Applications in the market may not be able to keep up with the changing business landscape. We are seeing more companies wanting to recruit tech talents to develop their own business applications to cope with an upsurge in online and e-commerce activities." Ng continues, "Citizen programmer is a global trend to narrow the tech workforce demand gap. According to a recent Gartner report, 61% of organizations either have or plan to have active citizen development initiatives. An important part of Infocan's Digital Transformation Consultation Programme is to assist companies to train employees who are end-users without professional IT knowledge to become citizen developers in a reasonably short period of time. The re-skilled workforce will alleviate the skill shortage needed to develop new apps while immediately improving operational efficiency." Apart from providing consultancy services and training solutions to corporations, Infocan offers on-the-job training internships to tertiary students interested in joining the IT industry. Students will learn a spectrum of practical IT skill sets including coding and programming skills, and other technologies and applications that are most in demand. This summer, Infocan was one of the employers participating in the STEM Internship Scheme organized by the Innovation and Technology Commission (ITC). For tertiary students in non-IT related disciplines, Infocan's internship programme also provides training in low-code programming skills transferrable to all industries. Moreover, Infocan provides a secondment service that selects potential interns for placement within IT-related departments of its major corporate clients. This is a mutually beneficial arrangement that gives the placed intern an opportunity to acquire valuable work experience and for the corporation to strengthen its digital operation. Infocan assigns an IT mentor for each placed intern to help them settle into the new working environment and culture, and to assist in resolving any complex issues that may arise in their applications development work. The arrangement also helps the placement company reduce the time needed to train a new employee. Amy, a Baptist University fresh graduate with majors in Mathematics and Statistics, was one of the interns who joined Infocan this summer under the STEM Internship Scheme. Bright and motivated, Amy was selected by Infocan for an internship placement in a high-end fashion retailer. Using Microsoft Power Platform and the programming knowledge she learnt at Infocan, Amy was able to help the fashion retailer automate its workflow and upgrade the new website. Amy reveals that, "Prior to the training at Infocan, I only had basic programming knowledge. I encountered various difficulties in the beginning when applying the newly acquired skills to help develop business applications for the fashion retailer. However, with the support of IT professionals from Infocan and the fashion retailer, I have gained confidence and invaluable working experiences that has taken my programming skills to the next level, building a sound base for my tech career." For the second season in a row, Infocan will be offering 10 new internship positions for students who have enrolled in the forthcoming STEM Internship Scheme that starts this month. Successful candidates will complete six weeks of training in low-code programming and, if shortlisted, be able to take advantage of further work placements. The full range of low-code programming training that Infocan offers includes Microsoft Power Platform, Nixtex Workflow, RPA, UiPath Studio and more. These tools will enable non-IT professionals and students to build business applications that automate workflow process and reduce operation costs. Infocan also provides training on the use of cloud-based applications such as Klaxoon, Miro, Airtable for enhancing interaction and engagement of online meeting participants and improving communications in a team. For more details about Infocan IT training programmes and its Comprehensive Digital Transformation Consultation Programme, please visit official website http://www.infocan.net/en/. Infocan Computer (Hong Kong) Limited Established since 1989, Infocan Computer (Hong Kong) Limited is a leading IT consulting and training company offering IT consultative services and training solutions to numerous clients in Hong Kong. Apart from recommending relevant IT solutions to organizations and providing employees with pertinent training for users, Infocan develops customized solutions to train non-IT employees to acquire the necessary skills to develop the company's own business application. Infocan also provides top-level consultation to IT professionals of major corporations and supports high-end IT projects. Infocan trains an average of over 12,000 students and conducts around 300 IT training courses every year, covering a full spectrum of practical and professional IT skill sets. In keeping up with the rapid advancement in technology, new programmes on training for new technologies and applications are introduced annually. In recent years, Infocan has participated in the STEM Internship Scheme and collaborated with different tertiary institutions, offering practical training opportunities to tertiary students interested in joining the IT industry. More importantly, Infocan also seconds selected students to corporate clients as interns. With the support of Infocan professionals, students can quickly adapt to the working environment to gain valuable working experiences. Meanwhile, corporate clients can save time training its employees as well as boost competitiveness through accelerated digitalization. Related Links :http://www.infocan.net
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JinkoSolar Schedules 2020 Annual General Meeting to be Held on December 29, 2020
SHANGRAO, China, Nov. 26, 2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it will hold its 2020 annual general meeting on Tuesday, December 29, 2020 at 10:00 a.m. (Beijing time) at 9F, Jinko Building, 99 Shouyang Road, Jingan District, Shanghai, China, for the following purposes: To re-elect Mr. Yingqiu Liu as a director of the Company; To re-elect Mr. Wing Keong Siew as a director of the Company; To ratify the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2020; To authorize the directors of the Company to determine the remuneration of the auditors; To authorize each of the directors of the Company to take any and all action that might be necessary to effect the foregoing resolutions as such director, in his or her absolute discretion, thinks fit; To receive and consider the audited financial statements and the report of the auditors for the year ended December 31, 2019, and the report of the board of directors; and To act upon such other matters as may properly come before our annual general meeting or any adjournment or postponement thereof. Only shareholders of record at the close of business on November 30, 2020 (New York time) are entitled to receive notice of and to vote at the Company's annual general meeting or any adjournment or postponement thereof. The notice of the Company's annual general meeting and the Company's 2019 Annual Report, containing the complete audited financial statements and the report of auditors for the year ended December 31, 2019, together with the report of the board of directors, are available on the Investor Relations Section of the Company's website at www.jinkosolar.com. The Company will provide to all holders of its ordinary shares, upon request, a hard copy of the Company's 2019 Annual Report and the report of the board of directors free of charge. About JinkoSolar Holding Co., Ltd. JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial, and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 20 GW for silicon wafers, 11 GW for solar cells, and 25 GW for solar modules, as of June 30, 2020. JinkoSolar has 9 production facilities globally, and 14 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, and Australia, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, Kenya, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland, and Argentina. To find out more, please see: www.jinkosolar.com Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. For investor and media inquiries, please contact: In China:Ripple ZhangJinkoSolar Holding Co., Ltd.Tel: +86 21-5183-3105Email: ir@jinkosolar.com Rene VanguestaineChristensenTel: + 86 178 1749 0483 Email: rvanguestaine@ChristensenIR.com In the U.S.:Ms. Linda BergkampChristensenTel: +1-480-614-3004Email: lbergkamp@ChristensenIR.com Related Links :http://www.jinkosolar.com
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BasisAI included in Responsible AI Solutions New Tech report by Independent Research Firm
Momentum for responsible artificial intelligence solutions continues to buildSINGAPORE, Nov. 26, 2020 /PRNewswire/ -- BasisAI, a provider of scalable and responsible artificial intelligence (AI) software, today announced that it has been recognised in Forrester's New Tech: Responsible AI Solutions, Q4 2020, report. As the use of AI becomes more pervasive within enterprise organisations, executives are becoming increasingly concerned with mitigating the unintended consequences of the technology. Using systems which mimic human intelligence and decision-making processes calls into question how decisions are being made and whether they are transparent, explainable, fair, and ultimately responsible. Executives looking to accelerate AI productionisation within their organisation need to focus on minimising risks and ensuring the applications they develop are working as intended. Robust AI governance is key to building trust in AI amongst stakeholders, regulators and society as a whole. BasisAI's machine learning (ML) platform, Bedrock, helps enterprises develop responsible AI (RAI). Bedrock is a cloud-based enterprise AI platform that orchestrates, accelerates and governs the end-to-end ML modelling process. It enables organisations to peer inside the black box of AI systems, and achieve explainability, maintainability, and auditability - automatically in-built into systems. This means organisations can mitigate risk, ensure fairness through easy detection and correction of unintended bias that can creep into AI systems, and ultimately develop trustworthy AI. Technology leaders looking to develop and deploy AI responsibly and wish to learn more about RAI solutions within key market segments can download the report on Forrester's website; available to Forrester subscribers or for purchase. About BasisAI BasisAI, a technology company headquartered in Singapore, is on a mission to build well-governed, responsible and scalable AI systems with its world-class, experienced team of AI leaders and practitioners. Through its proprietary Bedrock system, BasisAI provides a machine learning platform that orchestrates the prototyping to production cycle in minutes, not months, enabling customers to make a real-world impact and giving them a long-term competitive edge. For more information, visit the company website: https://basis-ai.com/.Related Links :https://basis-ai.com
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IAS Expands 'Context Control' Solution in APAC, Adds Bahasa Indonesia and Thai Language Capabilities
Now advertisers can access leading brand suitability solutions in new languages along with existing offerings for Chinese, Hindi, Japanese, and Vietnamese among others JAKARTA, Indonesia, Nov. 26, 2020 /PRNewswire/ -- Integral Ad Science (IAS), the global leader in digital ad verification, today announced the launch of Bahasa Indonesia and Thai language capabilities for its Context Control solution. IAS's contextual solution is now available worldwide in languages including Bahasa Indonesia, Chinese, Hindi, Japanese, Thai, and Vietnamese. Context Control incorporates the premiere semantic technology in the verification space to deliver unmatched accuracy and granularity in online content classification for IAS customers. Superior content classification enables a new level of precision and scale for marketers seeking to better navigate the content adjacencies associated with their online campaigns. With advertisers running campaigns in an always-on global news cycle, IAS provides critical brand safety and brand suitability solutions to accurately assess the full content and context of a page, regardless of language. IAS's patented semantic technology provides human-like machine comprehension of the vernacular Bahasa and Thai languages, taking into account context, emotion, and sentiment to provide precise page classification. Context Control's localised language support will help regional advertisers to use page-level analysis beyond URL. This will enable brands to tailor their suitability settings to the language they're serving alongside and continue to advertise with confidence in contextually relevant environments. Laura Quigley, SVP APAC at Integral Ad Science, commented, "Context Control helps marketers find the highest quality content adjacencies for their direct and programmatic campaigns. A key challenge for brands and agencies across the APAC region is managing multiple languages in fragmented media markets. Now they can partner with IAS for technology and language support to manage brand safety and suitability in this fast-moving digital world. We're helping marketers drive higher consumer engagement, ad performance, and return on their ad investments." IAS's Context Control solution, which solves for both contextual avoidance and targeting, is available globally across direct and programmatic buys. Reach out to press@integralads.com for more information. About IAS Integral Ad Science (IAS) is the global leader in digital ad verification, offering technologies that drive high-quality advertising media. IAS equips advertisers and publishers with both the insight and technology to protect their advertising investments from fraud and unsafe environments as well as to capture consumer attention, and drive business outcomes. For more, visit integralads.com
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AUTOCRYPT Launches C-V2X Solution Demonstrating Interoperability with China C-SCMS Standards
SEOUL, South Korea, Nov. 26, 2020 /PRNewswire/ -- AUTOCRYPT Co., Ltd., a leading V2X security solutions provider, announced the launch of its new C-V2X solution, supporting Chinese Secure Credential Management System (C-SCMS) standards. AUTOCRYPT received verification tests for compatibility by the C-V2X working group at China Academy of Information and Communications Technology (CAICT), under the new International Mobile Telecommunications-2020 (IMT-2020(5G)) Standard for 5G networks, devices, and services. China currently leads the world in usage of LTE communications and currently has the third best-selling automotive brand in the market. The nation has set itself on a progressive path in the automotive industry by standardizing the LTE-V2X communications system throughout the entire country, making it mandatory to implement LTE-based C-V2X technology rather than Dedicated Short-Range Communications, or DSRC, into C-ITS projects. China has promoted active deployment of the technology and has already begun C-V2X technology demonstrations in 30 regions. Wuxi, Tianjin and Changsha cities have been designated as the first main cities in the country to become C-V2X commercialization areas, undergoing major developments. Last month, AUTOCRYPT's solution was verified for interoperability by the China Industry Innovation Alliance for Intelligent and Connected Vehicles (CAICV), undergoing testing for "four-layers" interoperability between OEM, OBU terminal, V2X communication module, and PKI to comply with C-SCMS standards. Overseas solutions providers often face challenges in entering market as China's regulations for C-SCMS differ from existing standards. Unlike the existing SCMS structure, China's SCMS (C-SCMS) standards utilize a Certificate Trust List (CTL) which configures trust relationships between several PKI (Multiple Root CA) systems. Additionally, C-SCMS allows the download of a security certificate without a registration certificate, further requiring stability measures to be implemented into the protocol. AUTOCRYPT's C-V2X security solution has met the challenge to demonstrate compliance, verifying the new solution's C-SCMS technical standards, making AUTOCRYPT's security solutions ready for implementation into the country's Cooperative Intelligent Transport Systems (C-ITS) projects. CEO and co-Founder Daniel ES Kim remarked, "When it comes to autonomous vehicles and their secure operation, it is essential to ensure compliance with the standards set by the governing parties." He continued, "AUTOCRYPT currently leads the field in terms of C-ITS security projects, and with this interoperability verification, we are confident that our C-V2X based autonomous driving security solutions will continue to contribute to C-ITS deployment and development in China." AUTOCRYPT is the leading player in transportation security technologies. Beginning in 2007 as an in-house venture at Penta Security Systems Inc., AUTOCRYPT spun off as a separate entity in 2019 as its presence expanded worldwide. Recognized by TU-Automotive as the Best Auto Cybersecurity Product/Solution of 2019, AUTOCRYPT continues to pave the way in transportation and mobility security through a multi-layered, holistic approach. Through security solutions for V2X/C-V2X, V2G (including PnC security), in-vehicle security, and Fleet Management, AUTOCRYPT ensures that security is prioritized before vehicles hit the road.
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Tuxera First to Bring Network Bandwidth-Saving SMB Compression Feature to Linux Environments
The new feature enables enterprises and storage-hosting providers to transfer files over networks with far greater speed, throughput, and less time than before. HELSINKI, Nov. 26, 2020 /PRNewswire/ -- Tuxera, a world-leader in quality-assured storage management and networking software, announced that the company's SMB server implementation, Fusion File Share by Tuxera, now offers transparent compression to platforms outside of Microsoft Windows. Compression is being rapidly and widely adopted in the storage industry as a feature in memory hardware, file system implementations, and also networking protocols such as Microsoft's server messaging block technology (SMB). The ability to compress files inline during transfer can significantly reduce bandwidth and transfer time. Microsoft released the transparent compression feature to their SMB protocol specification in early 2019. However, Tuxera is the first to implement SMB compression outside of Microsoft Windows, bringing this highly in-demand feature to Linux environments in enterprises around the world. Fusion File Share SMB by Tuxera featuring SMB compression Remote working, virtualization, and large datasets burden networks SMB is a ubiquitously used protocol for sharing files over a network. Migrating or copying large or many files over networks, including virtual private networks (VPNs), can place serious strains on network performance, cause bottlenecks, and take valuable time to wait for the transfers to complete. Remote working, data-driven applications with huge volumes of data, and the growing use of virtualization technologies are all placing enormous demands on networks around the globe. This is especially challenging for organizations or hosting-solution vendors that transfer data over long distances with many remote locations and in potentially high-latency conditions. The ability to do inline compression during data transfers using the SMB protocol will substantially alleviate these challenges. The feature is especially beneficial when moving large files or big data over networks – such as virtual machine images, raw media files, devops, engineering, and life science data, or other applications with large files. Compression is a "game-changer" to SMB protocol development In March 2020, Microsoft Principal Program Manager Ned Pyle called compression a "game changer" for SMB. Additionally, he presented the feature as "long-awaited" – with substantially less network congestion, low CPU usage, and drastically reduced file transfer time. "We're really excited to be the first to deliver SMB compression to enterprise customers," says Heinrich von Keler, Director of Enterprise Solutions at Tuxera. "Windows is a dominant force in the market, though the enterprise world is heavily reliant on Linux as well and is adopting Linux at an exceeding rate. By bringing SMB compression to Linux, we can open up entirely new use cases for enterprise customers – especially for hosted storage and software-defined storage vendors. Operations that were typically done through other protocols can now be done in a cost-saving, time-saving manner using the widely-adopted SMB protocol instead." Optimization and virtualization are two main use cases for compression "SMB compression is best put to use when network conditions are not optimal, or higher overall system efficiency is required, or hardware and power cost saving is a major factor. If the network is a bottleneck, then compression can speed up file transfers and reduce waiting time. After compression, there is less data during the transfer over the network," says Szabolcs Szakacsits, CTO of Tuxera. "This feature is also highly useful in Microsoft Hyper-V or virtual environments, where there are large disk images containing lots of repeated byte patterns. Those repeating bytes are easy to compress and can be moved rapidly over the network. So very large containers or disk images used by virtual machines can be migrated to another server with minimal downtime in between." Tests reveal that Fusion File Share by Tuxera performs compression on par with Microsoft's implementation, with transfer speed-ups between 30 – 300% and network bandwidth savings between 20 – 70%, depending on the data pattern. More data, more Microsoft, and more virtualization bring SMB to center stage Tuxera's implementation of the SMB compression feature comes in context of a recent report from the International Data Corporation (IDC) on the state of the Global Datasphere. IDC estimates the world will create, capture, copy, and consume 59 zettabytes (ZB) of data in 2020. This number will continue to grow rapidly, as the world will create more than three times the data over the next five years than in the previous five. Moreover, the IDC notes that the growth of the Global DataSphere is driven more by data consumed and analyzed, rather than data created. This particular insight ties in closely with the sharing of data and files over networks for multiple users and applications, which is the main use for the SMB protocol. Concurrently, Microsoft solutions – where the SMB protocol has its roots – are becoming more dominant in the enterprise market as a whole. A recent survey by leading IT-marketplace Spiceworks revealed that 79% of respondents said their business primarily runs both Windows client and server operating systems. Moreover, Spiceworks indicates that business adoption of server virtualization will grow to 97% until 2022, with an impressive 60% of businesses using or considering using Microsoft Hyper-V as their preferred solution. Tuxera's SMB roadmap focused on performance, scalability, and advanced features Tuxera's roadmap for its Fusion File Share SMB implementation is to keep pace with Microsoft's latest features, including advanced enterprise-grade ones such as compression. The company has a long-standing technical, business, and legal relationship with Microsoft and are part of their licensing program for the exFAT file system and SMB technology. Fusion File Share's transparent SMB compression feature has been built based on Microsoft's documentation, ensuring seamless compatibility between Windows, Mac, and Linux environments. The "transparent" aspect of this feature is especially beneficial to end users, as no interaction is required on their part to compress or decompress files. Transparent compression is ready for immediate deployment with Fusion File Share to any interested parties. About Tuxera Tuxera is the leading provider of quality-assured embedded storage management software and networking technologies. Helping people and businesses store and do more with their data, our software is at the core of phones, tablets, cars, TV sets, cameras, drones, external storage, routers, spacecraft, IoT devices, and more. We help you store your data reliably, while making file transfers fast and content easily accessible. Tuxera is also an active member of multiple industry organizations, including JEDEC, SNIA, AGL, SD Association, The Linux Foundation, and many others. Founded in 2008, Tuxera's headquarters are located in Finland, with regional offices in China, Germany, South Korea, Japan, Taiwan, and the US. For more information, please contact: Head of Marketing, Tuxera Tiffiny Rossi press@tuxera.com References: Microsoft, 2020, "SMB Compression: Deflate your IO": https://techcommunity.microsoft.com/t5/itops-talk-blog/smb-compression-deflate-your-io/ba-p/1183552 IDC, 2020, "IDC's Global DataSphere Forecast Shows Continued Steady Growth in the Creation and Consumption of Data": https://www.idc.com/getdoc.jsp?containerId=prUS46286020 Spiceworks, 2020, "Data Storage Trends in 2020 and Beyond": https://www.spiceworks.com/marketing/reports/storage-trends-in-2020-and-beyond Spiceworks, 2020 "The 2020 State of Virtualization Technology": https://www.spiceworks.com/marketing/reports/state-of-virtualization Related Images fusion-file-share-smb-by-tuxera.jpg Fusion File Share SMB by Tuxera featuring SMB compression Related Links About Tuxera Fusion File Share by Tuxera Photo - https://mma.prnasia.com/media2/1342878/fusion_file_share_smb_by_tuxera.jpg?p=medium600
