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Cloudbet Opens Dogecoin Casino And Adds Litecoin
- Most requested coins in recent customer survey - Doge has surged 13,000% since start of 2021 LONDON, May 6, 2021 /PRNewswire/ -- Cloudbet has introduced Dogecoin and Litecoin on its site after the two coins drew the most votes in a recent survey of almost 10,000 customers about which new currencies to add. Cloudbet Opens Dogecoin Casino, Adds Litecoin "The people have spoken," Cloudbet spokesperson Camilla Wright said. "We will only add currencies that our customers hold and use: That's been the central part of our integration philosophy since we opened for business. More new coins are coming soon." First-time players seeking the most engaging experience in Dogecoin and Litecoin betting are eligible for a "much generous" welcome bonus of up to 10,000 Doge or 5 LTC. Dogecoin was started purely as joke fodder, but its 13,000% surge this year has caused crypto and mainstream audiences alike to sit up and take notice. Its more than $80 billion market cap (as of May 5) far exceeds Ford Motor Co. and Twitter. This weekend the self-professed Dogefather, Tesla chief Elon Musk, pushes further into mainstream popular culture, when he hosts Saturday Night Live. Litecoin meanwhile is up 150% this year. The coin, which is based on the bitcoin protocol, was designed with the aim of lower block confirmation times and fees than bitcoin. The inclusion of Dogecoin and Litecoin on Cloudbet takes the number of cryptocurrencies supported by the operator to 12. The dozen coins collectively account for more than 80% of the total market capitalization of all cryptocurrencies. Born in 2013 (the same year as Dogecoin), Cloudbet embraced blockchain technology to give players privacy and financial freedom like never before. Since then, the site has taken millions of bets, earning a reputation as the most trusted and secure name in the crypto-gaming space. The operator continues to innovate, having just completed a banner year of new features and upgrades aimed at attracting a more diverse audience to what was once a bitcoin-only product. In 2020, Cloudbet launched a revamped website followed by a record six new cryptocurrencies, esports, politics betting, virtual sports, social bet sharing, and easy credit-card coin purchases. Photo - https://mma.prnasia.com/media2/1504077/cloudbet_dogecoin_litecoin.jpg?p=medium600Related Links :https://www.cloudbet.com
China Automotive Systems to Announce Unaudited 2021 First Quarter Financial Results on May 12, 2021
WUHAN, China, May 6, 2021 /PRNewswire/ -- China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that it will issue unaudited financial results for the first quarter ended March 31, 2021, on Wednesday, May 12, 2021, before the market opens. Management will conduct a conference call on May 12th at 8:00 A.M. EDT/8:00 P.M. Beijing Time to discuss these results. A question and answer session will follow management's presentation. To participate, please call the following numbers 10 minutes before the call start time and ask to be connected to the "China Automotive Systems" conference call: Phone Number: +1-877-407-8031 (North America) Phone Number: +1-201-689-8031 (International) Mainland China Toll Free: +86-400-120-2840 A replay of the call will be available on the Company's website in the investor relations section. About China Automotive Systems, Inc. Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through ten Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 6 million sets of steering gears, columns and steering hoses. Its customer base is comprised of leading auto manufacturers, such as China FAW Group, Corp., Dongfeng Auto Group Co., Ltd., BYD Auto Company Limited, Beiqi Foton Motor Co., Ltd. and Chery Automobile Co., Ltd. in China, and Fiat Chrysler Automobiles (FCA) and Ford Motor Company in North America. For more information, please visit: http://www.caasauto.com. Forward-Looking Statements This press release contains statements that are "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent our estimates and assumptions only as of the date of this press release. These forward-looking statements include statements regarding the qualitative and quantitative effects of the accounting errors, the periods involved, the nature of the Company's review and any anticipated conclusions of the Company or its management and other statements that are not historical facts. Our actual results may differ materially from the results described in or anticipated by our forward-looking statements due to certain risks and uncertainties. As a result, the Company's actual results could differ materially from those contained in these forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's Form 10-K annual report filed with the Securities and Exchange Commission on March 30, 2021, and in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. If the outbreak of COVID-19 is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected as a result of the deteriorating market outlook for automobile sales, the slowdown in regional and national economic growth, weakened liquidity and financial condition of our customers or other factors that we cannot foresee. Any of these factors and other factors beyond our control, could have an adverse effect on the overall business environment, cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely impact our business, financial condition and results of operations. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery and assembly process within any of our production facilities could continue to result in delays in the shipment of products to our customers, increased costs and reduced revenue. We expressly disclaim any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. For further information, please contact: Jie LiChief Financial OfficerChina Automotive Systems, Inc.Email: email@example.com Kevin TheissInvestor Relations+1-212-521-4050Email: Kevin@awakenlab.com Related Links :http://www.caasauto.com
Fuzhou FTZ drives development through digitization
XIAMEN, China, May 6, 2021 /PRNewswire/ -- This is a report of China Daily: Since its establishment in 2015, the Fuzhou Area of the China (Fujian) Pilot Free Trade Zone (FTZ) has advanced towards digital and smart development by exploring and applying digital technologies, which has in turn brought profound changes to the zone's high-quality development, according to a news report on April 23. The Fuzhou Area of the China (Fujian) Pilot Free Trade Zone has advanced towards digital and smart development. The zone put into operation a comprehensive service platform in 2020 as part of its efforts to offer better services to enterprises in the zone. An official of the zone said that the platform consists of five main parts, including information gathering and port supervision, and that it delivers greater convenience to the zone's authority department by collecting and classifying both the overall and specific information of market entities, entrepreneurs, as well as start-ups. Digital technologies can not only accelerate the zone's process in digital transformation, but also help optimize its business environment, according to the official. Supported by the zone's supervision department, the commodity exchange for trading aquatic products in the zone has made great efforts to promote reform and innovation in management. It launched a digital "traceability management system" that will cover every procedure related to the aquatic products it sells from production to reuse to ensure food safety.
Trane Technologies Reports Strong First-Quarter 2021 Results; Raises Full-Year Revenue and EPS Guidance
Highlights (first-quarter 2021 versus first-quarter 2020, unless otherwise noted): Reported bookings of $4.1 billion, up 34 percent; organic bookings* up 31 percent Reported revenues of $3.0 billion, up 14 percent; organic revenues* up 11 percent GAAP operating margin up 590 bps; adjusted operating margin* up 500 bps GAAP continuing EPS of $0.96; adjusted continuing EPS* of $1.01, up 135 percent *This news release contains non-GAAP financial measures. Definitions of the non-GAAP financial measures can be found in the footnotes of this news release. See attached tables for additional details and reconciliations. SWORDS, Ireland, May 6, 2021 /PRNewswire/ -- Trane Technologies plc (NYSE:TT), a global climate innovator, today reported diluted earnings per share (EPS) from continuing operations of $0.96 for the first quarter of 2021. Adjusted continuing EPS was $1.01, up 135 percent, which excludes $14.7 million related to planned restructuring and transformation costs. First-Quarter 2021 Results Financial Comparisons - First-Quarter Continuing Operations $, millions except EPS Q1 2021 Q1 2020 Y-O-Y Change Organic Y-O-Y Change Bookings $4,131 $3,074 34% 31% Net Revenues $3,018 $2,641 14% 11% GAAP Operating Income $353 $154 129% GAAP Operating Margin 11.7% 5.8% 590 bps Adjusted Operating Income* $368 $191 93% Adjusted Operating Margin* 12.2% 7.2% 500 bps Adjusted EBITDA* $437 $261 67% Adjusted EBITDA Margin* 14.5% 9.9% 460 bps GAAP Continuing EPS $0.96 $0.21 357% Adjusted Continuing EPS $1.01 $0.43 135% Restructuring and Transformation Costs ($14.7) ($36.5) $21.8 "Given exceptional first-quarter performance and steadily improving end markets, we have raised our full year 2021 guidance above our previous ranges for both revenue growth and EPS. We now expect revenue growth of approximately 10.5 percent and adjusted EPS of approximately $6.00, $0.50 above the high end of our previous range," said Mike Lamach, chairman and CEO of Trane Technologies. "During the first quarter, our global team's relentless focus on sustainability and disciplined execution of our strategy led to robust bookings growth, revenue growth and margin expansion both at the enterprise level and in each of our business segments. We are extremely well-positioned as we enter the balance of 2021, with record backlog and transformation-related savings to invest in innovation that drives market outgrowth, maintains strong leverage and generates powerful cash flow. This flywheel powers our balanced capital allocation strategy and will enable us to continue delivering strong and differentiated returns for our shareholders." Highlights from the First Quarter of 2021 (all comparisons against the first quarter of 2020 unless otherwise noted) Strong execution drove revenue, operating income and continuing EPS growth despite ongoing COVID-19 pandemic-related impacts. Enterprise reported bookings were up 34 percent and organic bookings were up 31 percent driven by growth in all segments. Enterprise reported revenues were up 14 percent; enterprise organic revenues were up 11 percent. Enterprise reported revenue growth included approximately 2 percentage points of growth from acquisitions and approximately 1 percentage point of foreign exchange impact. GAAP operating margin was up 590 basis points, adjusted operating margin was up 500 basis points, and adjusted EBITDA margin was up 460 basis points, driven by strong performance across all three segments. First-Quarter Business Review (all comparisons against the first quarter of 2020 unless otherwise noted) Americas Segment: innovates for customers in the North America and Latin America regions. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. $, millions Q1 2021 Q1 2020 Y-O-Y Change Organic Y-O-Y Change Bookings $3,251.6 $2,367.5 37% 36% Net Revenues $2,325.7 $2,097.8 11% 9% GAAP Operating Income $323.1 $184.8 75% GAAP Operating Margin 13.9% 8.8% 510 bps Adjusted Operating Income $324.5 $205.6 58% Adjusted Operating Margin 14.0% 9.8% 420 bps Adjusted EBITDA $383.8 $262.1 46% Adjusted EBITDA Margin 16.5% 12.5% 400 bps Americas delivered strong revenue growth and margin expansion despite ongoing COVID-19 pandemic-related impacts. Americas reported bookings were up 37 percent and organic bookings were up 36 percent. Reported revenues were up 11 percent and organic revenues were up 9 percent. Commercial HVAC organic revenues were flat. Residential HVAC organic revenues were up over 30 percent. Transport organic revenues were up mid-teens. Americas reported revenue growth included approximately 2 percentage points of growth from acquisitions. GAAP operating margin increased 510 basis points, adjusted operating margin increased 420 basis points and adjusted EBITDA margin increased 400 basis points. Price, volume and productivity more than offset material and other inflation. Europe, Middle East and Africa (EMEA) Segment: innovates for customers in the Europe, Middle East and Africa region. The EMEA segment encompasses heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions. $, millions Q1 2021 Q1 2020 Y-O-Y Change Organic Y-O-Y Change Bookings $570.6 $442.6 29% 18% Net Revenues $443.9 $364.3 22% 12% GAAP Operating Income $67.2 $36.4 85% GAAP Operating Margin 15.1% 10.0% 510 bps Adjusted Operating Income $67.9 $37.0 84% Adjusted Operating Margin 15.3% 10.2% 510 bps Adjusted EBITDA $76.7 $43.2 78% Adjusted EBITDA Margin 17.3% 11.9% 540 bps EMEA delivered strong revenue growth and margin expansion despite ongoing COVID-19 pandemic- related impacts. EMEA reported bookings were up 29 percent and organic bookings were up 18 percent. Reported revenues were up 22 percent and organic revenues were up 12 percent. Commercial HVAC organic revenues were up mid-teens and Transport organic revenues were up high-single digits. EMEA reported revenue growth included approximately 8 percentage points of foreign exchange impact and approximately 2 percentage points of growth from acquisitions. GAAP and adjusted operating margins increased 510 basis points and adjusted EBITDA margin improved 540 basis points. Price, volume and productivity more than offset material and other inflation. Asia Pacific Segment: innovates for customers throughout the Asia Pacific region. The Asia Pacific segment encompasses heating and cooling systems, services and solutions for commercial buildings and transport refrigeration systems and solutions. $, millions Q1 2021 Q1 2020 Y-O-Y Change Organic Y-O-Y Change Bookings $309.1 $263.3 17% 14% Net Revenues $248.0 $179.2 38% 34% GAAP Operating Income $39.2 $6.5 503% GAAP Operating Margin 15.8% 3.6% 1220 bps Adjusted Operating Income $39.3 $7.6 417% Adjusted Operating Margin 15.8% 4.2% 1160 bps Adjusted EBITDA $43.5 $10.6 310% Adjusted EBITDA Margin 17.5% 5.9% 1160 bps Asia Pacific delivered strong revenue growth and margin expansion despite ongoing COVID-19 pandemic-related impacts. Asia Pacific reported bookings were up 17 percent and organic bookings were up 14 percent. Reported revenues were up 38 percent and organic revenues were up 34 percent. Growth in Asia Pacific was led by China. Asia Pacific reported revenue growth included approximately 4 percentage points of growth primarily from foreign exchange impacts. GAAP operating margin improved 1220 basis points, adjusted operating margin improved 1160 basis points and adjusted EBITDA margin improved 1160 basis points. Price, volume and productivity more than offset material and other inflation. Balance Sheet and Cash Flow $, millions Q1 2021 Q1 2020 Y-O-Y Change Cash From Continuing Operating Activities Y-T-D $263 ($129) $392 Free Cash Flow Y-T-D* $236 ($122) $358 Working Capital/Revenue* 1.5% 5.1% 360 bps decrease Cash Balance 31 March $2,838 $2,648 $190 Debt Balance 31 March $4,972 $5,575 ($603) First-quarter 2021 cash flow from continuing operating activities was $263 million and free cash flow was $236 million. The Company continues to expect 2021 free cash flow to be equal to or greater than 100 percent of adjusted net earnings.* Capital Deployment The Company continues to reinvest in employee safety, innovation and technology projects, and capital expenditures to support its core sustainability strategy. During the first quarter, the Company paid $140 million in dividends. The Company expects to pay a competitive and growing dividend, currently at $2.36 per share annualized, reflecting an approximately 11 percent increase over 2020. The Company deployed capital of $70 million for acquisitions and investments, $104 million in share repurchases and $300 million in debt retirement in the quarter. The Company expects to deploy approximately $2.5 billion as part of its balanced capital allocation strategy in 2021, inclusive of approximately $564 million in dividends, $1.5 billion between strategic value-accretive mergers and acquisitions and share repurchases and $425 million in debt retirement. The Company expects to continue to deploy 100 percent of excess cash to shareholders over time. Full-Year 2021 Guidance Reported revenues up approximately 10.5 percent; organic revenues up approximately 9 percent versus 2020. GAAP continuing EPS of $5.75, including EPS of $(0.25) for transformation and other restructuring costs; adjusted continuing EPS of $6.00, up 35 percent versus 2020. Additional information regarding the company's 2021 guidance is included in the company's earnings presentation found at www.tranetechnologies.com in the Investor Relations section. This news release includes "forward-looking statements," which are statements that are not historical facts, including statements that relate to our future performance during the COVID-19 global pandemic, capital deployment including the amount and timing of our dividends, our share repurchase program including the amount of shares to be repurchased and the timing of such repurchases and our capital allocation strategy including acquisitions (if any); our projected free cash flow and usage of such cash; our available liquidity; performance of the markets in which we operate; restructuring activity; our projected financial performance and targets including assumptions regarding our effective tax rate. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, the impact of the global COVID-19 pandemic on our business, our suppliers and our customers, global economic conditions taking into account the global COVID-19 pandemic, disruption and volatility in the financial markets due to the COVID-19 pandemic, the outcome of any litigation, the outcome of Chapter 11 proceedings for our deconsolidated subsidiaries Aldrich Pump LLC and Murray Boiler LLC, demand for our products and services, and tax audits and tax law changes and interpretations. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2020, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements. This news release also includes non-GAAP financial information, which should be considered supplemental to, not a substitute for, or superior to, the financial measure calculated in accordance with GAAP. The definitions of our non- GAAP financial information and reconciliation to GAAP are attached to this news release. All amounts reported within the earnings release above related to net earnings (loss), earnings (loss) from continuing operations, earnings (loss) from discontinued operations, adjusted EBITDA and per share amounts are attributed to Trane Technologies' ordinary shareholders. Trane Technologies (NYSE:TT) is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more information, visit tranetechnologies.com. (See Accompanying Tables) Table 1: Condensed Consolidated Income Statement Tables 2 - 5: Reconciliation of GAAP to Non-GAAP Table 6: Condensed Consolidated Balance Sheets Table 7: Condensed Consolidated Statement of Cash Flows Table 8: Balance Sheet Metrics and Free Cash Flow *Q1 Non-GAAP measures definitions Organic revenue is defined as GAAP net revenues adjusted for the impact of currency and acquisitions. Organic bookings is defined as reported orders in the current period adjusted for the impact of currency and acquisitions. Adjusted operating income in 2021 and 2020 is defined as GAAP operating income plus restructuring costs and transformation costs. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 2, 3 and 4 of the news release. Adjusted operating margin is defined as the ratio of adjusted operating income divided by net revenues. Operating leverage is defined as the ratio of the change in adjusted operating income for the current period (e.g. Q1 2021) less the prior period (e.g. Q1 2020), divided by the change in net revenues for the current period less the prior period. Adjusted earnings from continuing operations attributable to Trane Technologies plc (Adjusted net earnings) in 2021 is defined as GAAP earnings from continuing operations attributable to Trane Technologies plc plus restructuring costs and transformation costs, net of tax impacts. Adjusted net earnings in 2020 is defined as GAAP earnings from continuing operations attributable to Trane Technologies plc plus restructuring costs and transformation costs less the legacy legal liability adjustment, net of tax impacts plus separation-related tax adjustments. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 2 and 3 of the news release. Adjusted continuing EPS in 2021 is defined as GAAP continuing EPS plus restructuring costs and transformation costs, net of tax impacts. Adjusted continuing EPS in 2020 is defined as GAAP continuing EPS plus restructuring costs and transformation costs less the legacy legal liability adjustment, net of tax impacts plus separation-related tax adjustments. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 2 and 3 of the news release. Adjusted EBITDA in 2021 is defined as adjusted operating income plus depreciation and amortization expense plus or minus other income / (expense), net. Adjusted EBITDA in 2020 is defined as adjusted operating income plus depreciation and amortization expense plus or minus other income / (expense), net less the legacy legal liability adjustment. Please refer to the reconciliation of GAAP to non-GAAP measures on tables 4 and 5 of the news release. Adjusted EBITDA margin is defined as the ratio of adjusted EBITDA divided by net revenues. Free cash flow in 2021 is defined as net cash provided by (used in) continuing operating activities, less capital expenditures, plus cash payments for restructuring costs and transformation costs. Free cash flow in 2020 is defined as net cash provided by (used in) continuing operating activities, less capital expenditures plus cash payments for restructuring and transformation costs. Please refer to the free cash flow reconciliation on table 8 of the news release. Working capital measures a firm's operating liquidity position and its overall effectiveness in managing the enterprise's current accounts. Working capital is calculated by adding net accounts and notes receivables and inventories and subtracting total current liabilities that exclude short-term debt, dividend payables and income tax payables. Working capital as a percent of revenue is calculated by dividing the working capital balance (e.g. as of March 31) by the annualized revenue for the period (e.g. reported revenues for the three months ended March 31 multiplied by 4 to annualize for a full year). Adjusted effective tax rate for 2021 is defined as the ratio of income tax expense less the net tax effect of adjustments for restructuring costs and transformation costs divided by earnings from continuing operations before income taxes plus restructuring costs and transformation costs. Adjusted effective tax rate for 2020 is defined as the ratio of income tax expense less the net tax effect of adjustments for restructuring costs, transformation costs and the legacy legal liability adjustment plus separation-related tax adjustments divided by earnings from continuing operations before income taxes plus restructuring costs and transformation costs less the legacy legal liability adjustment. This measure allows for a direct comparison of the effective tax rate between periods. The Company reports its financial results in accordance with generally accepted accounting principles in the United States (GAAP). The following schedules provide non-GAAP financial information and a quantitative reconciliation of the difference between the non-GAAP financial measures and the financial measures calculated and reported in accordance with GAAP. The non-GAAP financial measures should be considered supplemental to, not a substitute for or superior to, financial measures calculated in accordance with GAAP. They have limitations in that they do not reflect all of the costs associated with the operations of our businesses as determined in accordance with GAAP. In addition, these measures may not be comparable to non-GAAP financial measures reported by other companies. We believe the non-GAAP financial information provides important supplemental information to both management and investors regarding financial and business trends used in assessing our financial condition and results of operations. Non-GAAP financial measures assist investors with analyzing our business results as well as with predicting future performance. In addition, these non-GAAP financial measures are also reviewed by management in order to evaluate the financial performance of each segment. Presentation of these non-GAAP financial measures helps investors and management to assess the operating performance of the Company. As a result, one should not consider these measures in isolation or as a substitute for our results reported under GAAP. We compensate for these limitations by analyzing results on a GAAP basis as well as a non-GAAP basis, prominently disclosing GAAP results and providing reconciliations from GAAP results to non-GAAP results. TRANE TECHNOLOGIES PLC Condensed Consolidated Income Statement (In millions, except per share amounts) UNAUDITED For the quarter ended March 31, 2021 2020 Net revenues $ 3,017.6 $ 2,641.3 Cost of goods sold (2,064.4) (1,898.8) Selling and administrative expenses (600.0) (588.1) Operating income 353.2 154.4 Interest expense (60.7) (63.1) Other income/(expense), net (7.2) 12.5 Earnings before income taxes 285.3 103.8 Provision for income taxes (48.4) (51.0) Earnings from continuing operations 236.9 52.8 Discontinued operations, net of tax 0.9 (78.7) Net earnings (loss) 237.8 (25.9) Less: Net earnings from continuing operations attributable to noncontrolling interests (2.6) (2.8) Less: Net earnings from discontinued operations attributable to noncontrolling interests — (0.5) Net earnings (loss) attributable to Trane Technologies plc $ 235.2 $ (29.2) Amounts attributable to Trane Technologies plc ordinary shareholders: Continuing operations $ 234.3 $ 50.0 Discontinued operations 0.9 (79.2) Net earnings (loss) $ 235.2 $ (29.2) Diluted earnings (loss) per share attributable to Trane Technologies plc ordinary shareholders: Continuing operations $ 0.96 $ 0.21 Discontinued operations 0.01 (0.33) Net earnings (loss) $ 0.97 $ (0.12) Weighted-average number of common shares outstanding: Diluted 243.1 242.3 TRANE TECHNOLOGIES PLC Reconciliation of GAAP to non-GAAP (In millions, except per share amounts) UNAUDITED For the quarter ended March 31, 2021 As As Reported Adjustments Adjusted Net revenues $ 3,017.6 $ — $ 3,017.6 Operating income 353.2 14.7 (a,b)
Dar Al Arkan reveals exclusive villas in Shams Ar Riyadh designed by ELIE SAAB setting new standards for premium living
RIYADH, Saudi Arabia, May 6, 2021 /PRNewswire/ -- In a unique collaboration, Dar Al Arkan, the leading real estate company in Saudi Arabia, is introducing exclusive co-branded villas with global designer Elie Saab to be part of the Kingdom's Shams Ar Riyadh project. Elie Saab Reflecting the sophisticated elegance and exceptional detailing that ELIE SAAB is recognised for in the haute couture world, the villas have the ELIE SAAB signature style with exquisite designs, setting a new standard for modern luxury living in the Kingdom. The world-renowned designer will provide the creative guidance and curate the refined design elements that encapsulate the project. In addition to the exterior concept, the beauty of his designs will be captured and reflected in the interiors to create a seamless charm and elegant continuity across all aspects of each villa. Elie Saab will also give his artistic vision and input to the overall project to reinforce its unique, high-end living standards. There is only limited number of co-branded Dar Al Arkan and ELIE SAAB villas, which will be privately located and exclusively accessed by residents. Surrounded by Wadi Hanifa's lush greenery and cool waterways, residents can directly step out onto the wadi from their villa to experience the splendour of nature that delights the senses and brings calm. The Shams Ar Riyadh project is located in a strategic area north of Riyadh, extending over an area of more than 5 million square metres. The community features world-class shopping, dining, entertainment and cultural amenities, as well as beautifully landscaped gardens and parks. Shams Ar Riyadh is within easy access to the city's prime lifestyle destinations, business centres, and top attractions. Ziad El Chaar, Vice Chairman, Dar Al Arkan, said: "Elie Saab is a global pioneer in design and admired for his unique and beautiful designs that capture our hearts. Through this first-of-its-kind collaboration we are bringing two major forces in the Arab world and showcasing a new level of modern design and luxury living for the customer. The partnership underlines our goal to enhance the real estate sector of the Kingdom to truly world-class standards." Elie Saab said: "I have been working towards an architectural and lifestyle expression that translates the style of my living through the development of real estate projects and the creation of Furniture and Home collection to complement my vision. Today, ELIE SAAB has reached a holistic approach that delivers a unique and timeless experience. We are confident our new partner, Dar Al Arkan is perfectly geared towards supporting our ambitions in developing premium projects that embody the DNA of our brand and touch every aspect of living." With the launch of ELIE SAAB MAISON, the ELIE SAAB brand expands into luxury furniture and interior accessories collection for home and hospitality projects. Prospective buyers can register their interest in the ELIE SAAB villas project on the Dar Al Arkan website: https://www.daralarkan.com/landing/eliesaab
Acronis, the global leader in cyber protection, received more than $250M investment at a $2.5B valuation
Funding to accelerate growth, expand its portfolio of cyber protection products, and enable service providers to serve their clients better SINGAPORE, May 6, 2021 /PRNewswire/ -- Acronis, the global leader in cyber protection, has announced that it has received more than $250 million funding round from CVC Capital Partners VII and other investors. Acronis will use the funds to further accelerate growth by expanding its unique portfolio of natively integrated cyber protection products. A significant portion of the investment will also be used to further enhance Acronis' go-to-market initiatives by expanding its broad partner network - most notably, managed service providers (MSPs) – to help them better serve the cyber protection needs of their clients. The investment values the company at more than $2.5 billion. "Acronis' talented management and R&D teams have invested significant resources developing an innovative cloud-native 'MSP in a box' solution, with integrated backup, disaster recovery, cybersecurity, remote management, and workflow tools," said Leif Lindbäck, Senior Managing Director of CVC Capital Partners. "Acronis provides mission-critical solutions to more than 10,000 MSPs and half a million small and medium businesses. CVC has a strong track record in cybersecurity and partnering up with successful entrepreneurs, and we are looking forward to teaming up with Serguei Beloussov and the Acronis team to accelerate the company's growth." Acronis Cyber Protect is the first unified cybersecurity and data protection solution that is natively integrated, so service providers can operate these critical functions through a single pane of glass, delivering comprehensive cyber protection at a lower cost. "With this additional funding, we will accelerate the development of our product portfolio and invest more in our partners' success," said Serguei "SB" Beloussov, founder and CEO of Acronis. "Our goal is to develop market-leading technology and help our partners grow their profits, while providing the best protection for their clients." Acronis will continue to invest in staff resources, expanding its global sales, partner account management and partner success teams and hiring new technical talent for its research and development centers in Bulgaria, Israel, and Singapore, as well as Switzerland and the United States. Focus on partners Focusing on its growing partner network is critical to the company's strategy for rapid growth. In February, the company launched the #CyberFit Partner Program to support the development of cloud-focused resellers and service providers. In March, Acronis made available a new version of Acronis Cyber Protect Cloud - enabling partners to deliver comprehensive cyber protection for all workloads for little to no upfront cost. In April, Acronis introduced a new partner portal, providing easy access to content, tools, and training for partners. With the new funding, Acronis will expand the support for cloud partners - providing them with additional sales and marketing resources, faster and localized technical support, dedicated partner success managers, and local data centers in 111 locations worldwide. Phil Goodwin, Research Director, Cloud Data Management for Protection for IDC notes that the investment from CVC will add to the momentum behind cyber protection. "Acronis has been at the forefront of the cyber protection movement, establishing itself as a pioneer in solutions that unify advanced cybersecurity with innovative data protection. By continuing to expand their technical capabilities and partner network, the value they bring to the market will only increase." Service providers who are interested in learning more about how they can benefit from Acronis' partner-focused approach are encouraged to visit https://www.acronis.com/en-us/partners/. About Acronis Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions. With award-winning AI-based antimalware and blockchain-based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on-premises – at a low and predictable cost. Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,600 employees in 33 locations in 18 countries. Its solutions are trusted by more than 5.5 million home users and 500,000 companies, including 100% of the Fortune 1000, and top-tier professional sports teams. Acronis products are available through 50,000 partners and service providers in over 150 countries in more than 40 languages. Related Links :https://www.acronis.com/
YourBoard Adds Partners as SME Business Expands
HONG KONG, May 6, 2021 /PRNewswire/ -- SME-focused business advisory firm, YourBoard, has appointed two new Principal Partners in Shanghai and Hong Kong to support business growth. "YourBoard is growing its partner base to bring more knowledge, experience and solutions to the SME community, and we anticipate further expansion in 2021," said Franck Picard, Co-Founding Partner, YourBoard. "We've advised SMEs in Europe and Asia and have received strong feedback on our unique, inexpensive business model," he added. Helen Yang joins YourBoard following a global career at DuPont. Her experience includes business and functional leadership in international and emerging markets, transformation and change management, customer experience enhancement, as well as building diverse multi-cultural organizations. Helen is based in Shanghai where she advises companies on major change initiatives and strategic design and improvement of business operations. She is also an executive coach and board director. Brian Henderson, based in Hong Kong, held leadership positions at Linklaters and Baker McKenzie in Europe and Asia before joining YourBoard. His current business focus is on corporate wellness services and championing diversity, equality and inclusion in the workforce. He is a mental health advocate and a Board member of The Women's Foundation. "SMEs don't always have quick and easy access to a panel of business experts to give advice on tackling problems and creating opportunities. This is what YourBoard offers and is what attracted me to their business proposition," said Brian Henderson, Principal Partner, YourBoard. YourBoard (www.YourBoard.co) was set up in 2020 to provide inexpensive advice primarily to SME and fast growth businesses globally through a simple, online format and an entry price point of US$250. This provides access to the holistic knowledge and experience of 12 Principal Partners whose skills cover finance, talent, marketing, communications, operations, sourcing, legal, risk, M&A, and business integration and transformation.
Base.vn - A Vietnamese SaaS Platform Startup Acquired by FPT Corporation
HO CHI MINH CITY, Vietnam, May 6, 2021 /PRNewswire/ -- On May 4th 2021, Base, one of VIISA portfolio startups held the Technology Industry Blockbuster Event with the participation of special guests. The event marked an important milestone in the development of this SaaS platform in Vietnam. Base.vn - A Vietnamese SaaS Platform Startup Acquired by FPT Corporation At the event, Base.vn announced their strategic cooperation with Vietnamese technology giant FPT Corporation under a non-disclosure M&A deal. This cooperation promises to bring optimal, improved and perfect corporate governance solutions to widely disseminate in Vietnam and the world. Established in August 2016, Base.vn is known to be one of the pioneers in the field of building a Software-as-a-Service (SaaS) business management platform in Vietnam. The solutions from Base.vn range from work and performance management, information and communication management, human management and development to customer and business management. In more than one application, these solutions are grouped to solve different enterprise problems. Unique and easy to use with high performance, Base.vn is currently trusted by more than 5,000 customers including top corporates as well as a large number of SMEs in Vietnam. To date, Base.vn is perceived to be the number 1 enterprise platform with 5 million launched projects, 13 million monthly used times and created 12 million jobs. Accompanied by VIISA at pre-seed stage and follow on funding at seed stage, with the continuous support in terms of business development and fundraising. Base.vn consecutively brought back proud titles. The platform has received many honors awards in the category of digital transformation where "Outstanding Digital Platform" at "Make in Vietnam Digital Product" in 2020 is an example. Base.vn is the third startup under VIISA portfolio that we officially witnessed their the next step of the meaningful journey with new investors. After nearly 5 years of actively supporting startups in Vietnam, VIISA has invested in 40 companies in both forms: direct investment and through an acceleration program. In which, Urbox, The Bank, Goong, iSpeaking, Drobebox are notable startups with remarkable tractions. For 2021, VIISA will focus on directly investing in startups from Pre-Seed to Seed stage, opening opportunities for founders to meet and exchange expertise with experts, fund support and other business services. With that orientation, in the first quarter of this year, VIISA has been investing in startups in the Fintech and Financial Solution segments. About VIISA: Established in January 2017 by FPT Ventures and Dragon Capital, VIISA is an innovative startup investment fund that seeks and supports startups with great growth potential. With the newly launched business model, any founder can meet with the VIISA team to discuss and improve the business model, receive support in technology, business partners, investment in capital and help to raise capital in the next round.
Revere VC Raises Seed Round In Mission To Give Venture Capital Its Vanguard Moment
HONG KONG, May 6, 2021 /PRNewswire/ -- Revere VC, a San Francisco and Hong Kong based asset management firm, announced today the launch of its flagship products and services: 'The Portal', a curated VC platform, and its inaugural fund strategy, 'Prime Access Fund'. In addition, Revere VC also announced the close of its seed round at $1.35 million, with participation from strategic equity investor AngelList, Twitch co-founder Kevin Lin and Thailand-based Siamrajthanee Group / SeaX founder Nattaphol Vimolchalao. The funds will be used to provide institutional investors a more holistic way to invest in venture capital, while bringing themes of productization and curation to the asset class. Additional notable VC insiders and strategic angels have also backed Revere's vision, including HS Group founder and chief investment officer Michael Garrow, Hong Kong-based family office investor Ariel Shtarkman, asset management firm Blue Future Partners, Mindworks VC's David Chang, Color Health Head of Operations Doug Ma, corporate VC advisor Mark Klopp, Singapore's Brave Dynamics founder Jeremy Au, and Amplify.LA's Paul Bricault, in addition to others. "We are approaching the 'Vanguard' moment for venture capital, where exposure to the asset class will increasingly be through novel investment products as opposed to the very limited ways we currently have to invest," said Eric Woo, co-founder for Revere VC. "For us, it's all about bringing the most interesting and innovative ideas, in particular emerging managers and our products - to the fingertips of the modern asset allocator." Through its 'Prime Access Fund', 'The Portal', and other fund products in development, Revere VC provides investors immediate access to a vetted, curated and targeted menu of venture capital investment opportunities. These products enable investors to build a balanced portfolio similar to how they approach public markets, eliminating the current difficulties in accessing "name brand" funds and relying on questionable crowdfunding platforms, fee-intensive brokerage channels, and inconsistent word-of-mouth referrals. "Revere serves an important purpose by bridging traditional capital allocators into venture capital through custom and thematic investment strategies," said Avlok Kohli, CEO of AngelList Venture. Revere VC enables investors the opportunity to invest in products across themes, sectors, geographies, and regions - similar to how investors would traditionally invest in the public markets through firms such as Vanguard, Charles Schwab, and iShares. Through Revere VC's product offerings, modern investors ranging from high-net worth individuals, single family offices and wealth advisory firms to large financial institutions, private banks and global asset management firms will have a comprehensive and curated path to investing in top-tier venture capital opportunities. Revere VC is poised to revolutionize the way global communities and cultures interact with and within the venture capital ecosystem. The productization of venture capital Revere VC offers is a unique value proposition that creates avenues of access to an asset class that has been exclusionary and opaque. Kevin Lin, Twitch co-founder and Revere VC seed investor said, "as a child of immigrant parents, who worked tirelessly in pursuit of access and opportunity, I believe that technology is a positive amplifier in our lives and amazing people building challenging technologies make the world better. Revere's technology and product offerings, many of which have a social impact, sustainability and diversity & inclusion focus, is an example of this positive amplifier and serves to improve access to the investment world." Since launch, Revere VC's portal is oversubscribed by 4x with a running waitlist that extends to four continents and 13 cities, with strong interest from both the supply side, consisting of emerging managers and deal sponsors, as well as the demand side, primarily consisting of family offices, wealth management firms and advisory firms. The company also announced a raft of its advisory appointments in the last week, including noted Silicon Valley VC investor and advisor Pankaj Shah, Derek Chang, Liberty Media Board member and former CEO of NBA China, Kevin Lin, and Ariel Shtarkman, as well as venture partners focusing on Europe, Latin America, Asia, MENA, secondaries, healthcare and cryptocurrencies. About Revere VC Revere VC is the next generation asset management firm for venture capital. Revere VC pioneers turn-key fund products that apply index and ETF investing methodologies to provide investors with sector and thematic exposure to venture capital. Revere VC delivers its investment products and other curated venture capital investment opportunities to your fingertips via a digital experience - The Portal - empowering you to build your portfolio with confidence, knowledge, and complete control. By taking the complexity out of the private markets investing, Revere VC lights the way for a whole new generation of investors looking to access the venture capital asset class. Revere VC was founded in 2020 with strategic investments from AngelList and other prominent venture capital insiders, asset management firms, family offices, and strategic angel investors based in the United States, Asia, LatAm, and Europe. To learn more about the company, visit www.reverevc.com
Phillip Futures offers derivatives trading on Hanoi Stock Exchange via CQG platform
SINGAPORE, May 6, 2021 /PRNewswire/ -- Phillip Futures, one of the region's top brokerages, announced a new milestone in its partnership with CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges. Phillip Futures will now offer VN30 futures from the Hanoi Stock Exchange (HNX) to its customers using the CQG platform. In addition, customers of Phillip Futures can also use CQG to trade futures contracts from Borsa Istanbul, Thailand Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange and Shanghai International Energy Exchange. Teyu Che Chern, CEO of Phillip Futures said, "CQG's platform is well received by our customers, and we are excited to offer more products to help expand their trading opportunities." Benjamin Soong, CQG President, APAC, said: "We are excited to deepen our longstanding relationship with Phillip Futures, one of the leading brokerages in the Asia-Pacific region, facilitating access for its clients to trade on a broad range of exchanges, including the Hanoi Stock Exchange and the commodity exchanges in China. We have seen tremendous growth in the Vietnam market over the past few years and look forward to expanding our services to further cater to customer needs." Based in the United States, CQG has a strong and growing presence in the Asia-Pacific region, including offices in Singapore, Tokyo, Sydney, Shanghai and Hong Kong. The firm has been working with Phillip Futures in Singapore since 2007 and with Phillip Capital Inc., the U.S. futures commission merchant, since 2010. About Phillip Futures Phillip Futures was inaugurated in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). We have since grown to become one of the region's top brokerages for the trading of CFD, Forex, global Futures and Commodities. The Group has clearing memberships in 21 global exchanges, including APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX. About CQG CQG provides the industry's highest performing solutions for traders, brokers, commercial hedgers, and exchanges for their market-related activities globally, including trading, market data, advanced technical analysis, risk management, and account administration. The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways. CQG technology serves as the front end for a variety of exchanges and is increasingly employed as the over-the-counter matching engine for important new markets. CQG's server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. Its market data feed consolidates 85 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices. One of the longest-serving technology solutions providers in the industry, CQG has won numerous awards for its trading software, technical analysis and multi-asset trading platform. CQG is headquartered in Denver, with 16 sales and support offices and data centers in key markets globally. For more information, visit www.cqg.com.
Revolut Doubles Down on Transparency with New Review Page and Updated Pricing
Revolut Singapore customers who use the platform for cross-border transfers will today see a new review page providing information on exchange rate, fees, and estimated arrival time It also introduces a new remittance fee. The fee is 0.3% of the amount sent, starting at a minimum of S$0.30, and capped at a maximum of S$9, and is one of the most competitive in the market. Example: If a customer sends SG$1,000 of MYR to Malaysia, he pays S$3 at Revolut but almost twice as much at a competitor Metal Plan customers will continue to enjoy unlimited fee-free transactions, while Premium plan customers will enjoy 1 fee-free transaction a month SINGAPORE, May 6, 2021 /PRNewswire/ -- Remittance customers can look forward to significant savings if they switch to Revolut from its competitors today. The UK-fintech will be charging a fee for remittances but is keeping its commitment to giving customers some of the most competitive rates in the market. Standard and Premium plan customers will be charged a fee for cross-border transactions. The fee will be 0.3% of the amount transferred, starting at a minimum of S$0.30, and capped at a maximum of S$9. Revolut will continue to apply interbank rates for currency exchanges. The Interbank is the top-level wholesale market through which most currency transactions are channelled and, as such, Revolut is able to offer excellent exchange rates. Maintaining the value proposition for its paid plans, Revolut's Metal plan customers will enjoy an unlimited number of fee-free cross-border transfers, while Premium plan customers will get 1 fee-free cross-border transfer a month. The implementation of this new fee does not affect Revolut's standing as one of the most competitive providers of remittance services in the market. A recent comparison against some competitors reveals that Revolut's fee remains one of the lowest. (See table below) Case in point: If a customer wants to send S$5,000 of PHP to the Philippines, the fee he pays is the maximum S$9. At a competitor's, he could end up paying 3 times more. Customers were informed a month ago via email about this fee implementation. Before confirming their transfer, a customer will be shown a review page that displays information such as, the amount that will be exchanged (SGD), the amount the recipient will receive, the exchange rate applied, and the fees due (SGD). James Shanahan, CEO of Revolut Singapore, says: "Revolut started as an alternative foreign exchange service to help customers save money on transfers and currency exchange rates. If you compare our updated fees and rates against those of our competitors, you will find that we are still giving customers more for their money." A customer will stand to enjoy significant savings if they switch to Revolut from its competitors. This table illustrates the differences in fees between Revolut and a competitor: Fee comparison between Revolut and a competitor For more details on Revolut's updated international transfer pricing, visit https://blog.revolut.com/en-sg/understand-revolut-remittance-fees/ ABOUT REVOLUT Revolut gives its customers the power to spend, transfer, and control their money without sky-high fees. Since its launch in 2015, Revolut has expanded significantly beyond its origins as an FX product, adding new features such as Gifting, Rewards, Bill Splitting, Group Vaults and Donations. Revolut's ambition is to be the world's first financial super-app. Revolut does not charge a fee when customers exchange currencies in-app during London FX trading hours. It now has over 15 million customers and has processed more than 1bn transactions worth over US$100bn.
Hodlnaut Increases its Stablecoin Interest Rates, Launches New Token Swap Feature
Hodlnaut has increased its stablecoin interests rates to 10% (APR) and 10.5% (APY)SINGAPORE, May 6, 2021 /PRNewswire/ -- Hodlnaut, an emerging cryptocurrency lending platform based in Singapore, announced today an increase in its Dai (DAI), USD Coin (USDC), and Tether (USDT) stablecoin interest rates. The new interest rates will be effective from May 4 2021. Previously, Hodlnaut offered an 8.0% APR (8.3% APY) for stablecoins. The rates have now increased to 10.0% APR (10.5% APY). The new rates will provide significant returns to users while they hold their stablecoins with Hodlnaut. The company has maintained consistent interest rates on both cryptocurrency and stablecoins irrespective of the changing market conditions. "We aim to provide favorable interest rates to our customers so that they can get the most out of their cryptocurrency," said Juntao Zhu, Hodlnaut's CEO & Co-founder. "We are confident that the increase in our stablecoin interest rates will provide significant benefit to our HODL-ers community." In addition to raising its stablecoin interest rates, Hodlnaut has also launched a new Token Swap feature. The trading feature allows users to swap tokens seamlessly and earn interest in their choice from the pool of available assets: BTC, ETH, DAI, USDC, and USDT. About Hodlnaut Hodlnaut is a cryptocurrency lending platform enabling investors to earn interest from their cryptocurrency holdings. The company aims to help holders get the most out of their crypto assets and currently has a 20% month-on-month growth rate. It is a secure and trusted platform with a seamless and easy-to-use interface. As of April 2021, Hodlnaut has a verified US$243M of Crypto assets under management independently verified by Crowe Singapore. Hodlnaut offers competitive interest rates to interest account holders by lending their cryptocurrency to rigorously vetted institutional borrowers in the form of crypto loans. For more information, please visit https://www.hodlnaut.com/.Related Links :https://www.hodlnaut.com
No signs of crisis at LIQUI MOLY
LIQUI MOLY’s strong sales growth continued into the month of April. At EUR 60 million, sales were 60 percent above the same month last year, which was admittedly already characterized by a declining demand caused by the pandemic. Compared to April 2019, the increase is still 26 percent. "We have started this year with great momentum and we will continue to maintain this momentum," says Managing Director Ernst Prost. March was the most successful month in the company’s history with sales of EUR 65 million. "We were not able to beat this record in April, but it is still an impressive achievement for the entire team," says Ernst Prost. Traditionally, growth has been stronger internationally than in Germany, where LIQUI MOLY already has a significant market share and further growth is therefore difficult. Looking back on the first four months of this year, LIQUI MOLY mainly recorded growth in those strategic regions where the company is represented with its own subsidiaries: In Italy, Australia and South Africa, sales doubled compared to the same period in the previous year, and in the USA and Canada, the largest sales market after Germany, sales even increased by more than 40 percent. This growth is the result of the countercyclical investment strategy of the last twelve months. "In addition, some of our competitors still seem to be in hibernation," explains Ernst Prost. But this success also has its downside: "We have to make every effort to get our hands on enough raw materials. And we are also desperately looking for containers to ship our oils and additives to our customers," says Ernst Prost. "This is a daily battle, but we can manage it." LIQUI MOLY is of course feeling the effect of pandemic-related restrictions in many countries. But thanks to its international diversification, the company can offset the struggling business in one country with stronger business operations in other countries. "Overall, however, we see the global economy increasingly gaining momentum," says Ernst Prost. "We hope that we will be able to gradually return to normal again during the year.“
Blue Prism Expands Digital Exchange to Include Huawei and Baidu as Technology Alliance Partners
SHANGHAI, May 6, 2021 /PRNewswire/ -- Blue Prism®, a global leader in intelligent automation, has announced the expansion of its Digital Exchange (DX) platform in the Greater China region to help accelerate customers' digital transformation plans. The Blue Prism DX is an online marketplace that hosts best of breed pre-built artificial intelligence skills, connectors and functions from Blue Prism and its Technology Alliance Partners, which make it easier for users to access, import and accelerate their automation deployments in a more streamlined way. Businesses in China are increasingly looking to develop and integrate intelligent automation solutions to boost their productivity, agility, and competitive edge. However, building these capabilities can be cumbersome and resource-intensive. In response, Blue Prism has built its DX platform to be a "one-stop-shop" that helps customers start deploying advanced capabilities in a simple and user-friendly way. It also includes a private version of the marketplace for customers with rigorous security demands. Through the Blue Prism DX platform, users can access over 500 intelligent automation solutions from over 100 active partners within China and globally, including Huawei, Baidu, Glority Technology, ElectrifAi, Doubleyard, Pintec, CCI and many others. Together, this online community provides users with a range of pre-built artificial intelligence capabilities that they can easily download and start using. These capabilities include, but are not limited to, computer vision, chatbot technology, natural language processing, machine learning modelling and facial recognition. "Adding new partners to our Digital Exchange platform in the Greater China region means that Blue Prism customers will have access to a truly global marketplace of intelligent automation capabilities, which are essential to businesses' digital transformation plans," says Alson Ong, Blue Prism's Greater China President. "Our growing partner ecosystem allows businesses from all industries – from financial services to insurance to telecommunications and manufacturing – to collaborate in a secure and meaningful way." Head of China, Strategic Head of Machine Learning Models, ElectrifAi, Xian Sun, says: "being part of Blue Prism's Digital Exchange has provided us with the opportunity to be part of a global ecosystem of extremely innovative businesses, while also enabling us to reach a wider customer base with our pre-built machine learning model solutions targeting critical industries such as banking, financial services and insurance, travel, manufacturing, healthcare and consumer/retail. Blue Prism has fostered a collaborative digital marketplace that benefits both partners and customers, and we look forward to growing our partnership with Blue Prism." About Blue Prism Blue Prism is the global leader in intelligent automation for the enterprise, transforming the way work is done. At Blue Prism, we have users in over 170 countries in more than 2,000 businesses, including Global 2000 and public sector organizations, that are creating value with new ways of working, unlocking efficiencies, and returning millions of hours of work back into their businesses. Our digital workforce is smart, secure, scalable and accessible to all; freeing up humans to re-imagine work. To learn more visit www.blueprism.com and follow us on Twitter @blue_prism and on LinkedIn. About ElectrifAi ElectrifAi is a global leader in business-ready machine learning models. ElectrifAi's mission is to help organizations change the way they work through machine learning: driving revenue uplift, cost reduction as well as profit and performance improvement. Founded in 2004, ElectrifAi boasts seasoned industry leadership, a global team of domain experts, and a proven record of transforming structured and unstructured data at scale. A large library of Ai-based products reaches across business functions, data systems, and teams to drive superior results in record time. ElectrifAi has approximately 200 data scientists, software engineers and employees with a proven record of dealing with over 2,000 customer implementations, mostly for Fortune 500companies. At the heart of ElectrifAi's mission is a commitment to making Ai and machine learning more understandable, practical and profitable for businesses and industries across the globe. ElectrifAi is headquartered in New Jersey, with offices located in Shanghai and New Delhi. To learn more visit www.electrifAi.net and follow us on Twitter @ElectrifAi and on LinkedIn. © 2020 Blue Prism Limited. "Blue Prism", the "Blue Prism" logo and Prism device are either trademarks or registered trademarks of Blue Prism Limited and its affiliates. All Rights Reserved.Related Links :http://www.blueprism.com/
Everest Medicines Receives Orphan Drug Designation from the Ministry of Food and Drug Safety in South Korea for Sacituzumab Govitecan-Hziy in Metastat
SHANGHAI, May 6, 2021 /PRNewswire/ -- Everest Medicines (HKEX 1952.HK), a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products in Greater China and other parts of Asia, announced today that the Ministry of Food and Drug Safety (MFDS) in South Korea has granted Orphan Drug Designation (ODD) for sacituzumab govitecan-hziy (SG), an investigational treatment for adult patients with unresectable locally advanced or metastatic triple-negative breast cancer (TNBC) who have received two or more prior systemic therapies, at least one of them for metastatic disease. "We are very pleased that the Ministry of Food and Drug Safety in South Korea has granted Orphan Drug Designation for SG, which we believe has the potential to become a transformative treatment for patients around the world living with metastatic triple-negative breast cancer – a highly aggressive disease with limited treatment options," said Kerry Blanchard, MD, PhD, CEO of Everest Medicines. "Breast cancer is the leading cause of cancer death in women in South Korea, and the incidence for this disease continues to climb rapidly in the region. As we work closely with local regulatory bodies to bring this innovative treatment to patients in South Korea as quickly as possible, we look forward to continuing to expand our international footprint outside of China and adding to our recent New Drug Application submission for SG in Singapore earlier this year." Orphan Drug Designation is granted by the MFDS to pharmaceuticals used to treat diseases with a prevalence of 20,000 patients or less in the Korean population, pharmaceuticals used to treat diseases for which appropriate therapy and pharmaceuticals have not been developed, or pharmaceuticals that have been significantly improved in terms of safety and/or efficacy, compared to existing alternative therapies. About Triple-Negative Breast Cancer Triple-Negative Breast Cancer (TNBC) is a highly aggressive disease and accounts for approximately 15% of all breast cancer types worldwide. The median age of breast cancer diagnoses tends to be younger in Asian than western countries, and the percentage of the TNBC molecular subtype has been increasing in the past 10 years. TNBC cells lack sufficient estrogen, progesterone or HER2 receptor expression to benefit from the use of hormonal or HER2-directed therapy. Overall survival among patients with this form of breast cancer has not changed in the past 20 years, which highlights the need for advances in therapeutic options for these patients. In South Korea, the growth in breast cancer incidence in recent decades has been one of the fastest in the world. It is the leading cause of cancer death in South Korean women. Statistics from the International Agency for Cancer Research indicate that breast cancer was the leading cause of cancer diagnoses in South Korea in 2020, accounting for 23.7% of total cases. About Sacituzumab Govitecan-Hziy Sacituzumab govitecan-hziy (SG) is a first-in-class, antibody-drug conjugate (ADC) directed at TROP-2, a membrane antigen that is over-expressed in many common epithelial cancers. SG is approved in the United States under the trade name Trodelvy®. Under a licensing agreement with Gilead Sciences, Inc., Everest Medicines has exclusive rights to develop, register, and commercialize SG for all cancer indications in Greater China, South Korea, and certain Southeast Asian countries. In October 2020, SG was included in the updated 2020 China Guidelines for the Standardized Diagnosis and Treatment of Advanced Breast Cancer, compiled by the Breast Cancer Expert Committee of the National Cancer Control Center, the Breast Cancer Professional Committee of the Chinese Anti-Cancer Association, and the Cancer Drug Clinical Research Professional Committee of the Chinese Anti-Cancer Association. About Everest Medicines Everest Medicines is a biopharmaceutical company focused on developing and commercializing transformative pharmaceutical products that address critical unmet medical needs for patients in Greater China and other Asian markets. The management team of Everest Medicines has deep expertise and an extensive track record of high-quality clinical development, regulatory affairs, CMC, business development and operations both in China and with leading global pharmaceutical companies. Everest Medicines has built a portfolio of eight potentially global first-in-class or best-in-class molecules, many of which are in late stage clinical development. The Company's therapeutic areas of interest include oncology, autoimmune disorders, cardio-renal diseases and infectious diseases. For more information, please visit its website at www.everestmedicines.com.  Kang SY, Kim YS, Kim Z, Kim HY, Kim HJ, Park S, et al. Breast Cancer Statistics in Korea in 2017: Data from a Breast Cancer Registry. Journal of breast cancer. 2020;23(2):115-28. doi: 10.4048/jbc.2020.23.e24. PubMed PMID: 32395372.  Factsheet, Korea: Globocan 2020: https://gco.iarc.fr/today/data/factsheets/populations/410-korea-republic-of-fact-sheets.pdf
eToro signs three year deal with Rugby Australia
SYDNEY, May 6, 2021 /PRNewswire/ -- Global, multi-asset investment platform eToro, today announces it has signed a three year deal to become a major partner of Rugby Australia. eToro will be the naming rights partner for all inbound Tests including The Rugby Championship and a major Wallabies partner until the end of 2023. The eToro logo will feature on all official branding as well as back right of shorts on the Wallaby kit. Robert Francis, Australian Managing Director at eToro said: "Australia is an important market for the eToro Group and so I'm delighted we are partnering once again with the Wallabies. "We've seen an influx of Aussie retail investors into financial markets over the past 12 months and it's crucial that we provide enough education to arm them with the tools they need to build their wealth for the long term. Our vision is to open the global markets to everyone and we see this partnership as an opportunity to reach the fans behind the team and get more people interested in investing." eToro plans to tap into the community behind the team, offering free services and educational content to fans so that more people can educate themselves on how to invest. eToro has over 20 million registered users globally and enables people to invest in the assets they want, from stocks, commodities and currencies. The platform allows you to choose what you invest in and how you invest. You can trade yourself, copy another investor, or invest in a portfolio. Rugby Australia Chief Executive Officer, Andy Marinos, said: "We're incredibly excited to extend our relationship with eToro following the hugely successful eToro Tri-Nations in 2020. eToro's user base continues to grow at a rapid rate and we want to assist that during our partnership over the next three years, and hopefully long into the future. "We are very close to confirming the Test schedule for 2021 and the calendar will not disappoint, so watch this space," Marinos said. eToro boasts an extensive global sponsorship portfolio including six Premier League clubs and six Bundesliga clubs in Germany as well as top ten tennis player Gael Monfils. About eToro: eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 20 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want. Disclaimer: eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, by the Financial Conduct Authority in the UK and by the Australian Securities and Investments Commission in Australia. eToro AUS Capital Pty Ltd, ABN 66 612 791 803 AFSL 491139. CFDs are highly leveraged and risky, and may not be suitable for all investors. You may lose more than your initial investment. Refer to our FSG and PDS before deciding whether to trade with us.Related Links :http://www.etoro.com/
Media alert: The Future of Global Retirement, a report by retirement technology provider Smart
LONDON, May 6, 2021 /PRNewswire/ -- Smart, the retirement technology company behind one of the UK's largest master trust pension schemes, Smart Pension, has today launched the Future of Global Retirement report. The report, based on research conducted by YouGov for Smart, looks at how the retirement industry will develop in countries such as Australia, the United States and the United Kingdom in years to come, following the coronavirus pandemic. Key findings from the report found that: more than half (55%) of Australians no longer see retirement as a one-off event, but as a gradual transition instead only 1 in 5 (22%) of Australians aged 55 and older feel like they understand their options at retirement And further afield in other developed DC retirement markets: almost half (47%) of adults in the UK said they have never received retirement advice 56% of Americans see retirement as an event with several stages, rather than a one-off event Commenting on the report, Michael Watkins, director of retirement proposition at Smart, said: "With the global retirement market worth $47 trillion, we've looked at how savers have seen their retirement plans change due to the COVID-19 pandemic. Our report shows that innovation in retiretech will be vital to support the evolving needs of savers in three of the largest DC pensions markets in the world in an industry that has historically been slow to change." Link to full report >> https://visit.smart.co/3elauHR A Smart spokesperson is available for interview upon request. About Smart: Smart is a global savings and investments technology platform provider operating in the UK, Ireland, the Middle East, the US and Australia. The Smart platform powers the award-winning UK master trust, Smart Pension Master Trust. Legal & General Investment Management (LGIM), J.P. Morgan, Link Group, Natixis Investment Managers and Barclays are all strategic investors in Smart. Visit https://www.smartretire.com.au/