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CRISALION Mobility Chooses IFS Cloud as Management Software for its Advanced Air Mobility Project
IFS Cloud to support regulatory, design, and manufacturing processes for leading Advanced Air Mobility manufacturer Supports growing global demand for a scaled down version of its highly successful eVTOL aircraft and remote vehicles LONDON, Dec. 3, 2024 /PRNewswire/ -- IFS, a leading enterprise cloud and Industrial AI software provider, today announced that CRISALION Mobility, a Spanish company recognized for developing efficient, safe, and sustainable advanced electric mobility solutions, has selected IFS Cloud to enhance the design, manufacturing, and maintenance of its passenger and cargo eVTOL aircraft, as well as its fleet of remotely operated vehicles. IFS will provide a robust end-to-end platform, leveraging its extensive expertise in facilitating collaboration with regulators. The company's innovative solution, powered by IFS.ai, offers a comprehensive digital thread throughout the Build, Operate, and Maintain value chain, effectively addressing complex Quality Assurance, Environmental, Social, and Governance (ESG) requirements, and providing detailed serial number tracking to ensure quality and design integrity. In addition to being a leading company in the field of electric and zero-emission ground mobility solutions, CRISALION Mobility is a leader in the Advanced Air Mobility (AAM) sector and will rely on IFS to support the design of prototypes, manufacturing, testing, and commissioning of its advanced air vehicles. This announcement underscores IFS's growing role in the AAM sector, establishing it as a strategic ally in driving key technological innovations for the eVTOL industry. Gustavo Rodriguez,Chief Technology Officer at CRISALION, commented: "At CRISALION Mobility, we are pioneering innovative mobility technologies that will redefine the future of transportation. To achieve this, we are dedicated to collaborating with top-tier partners like IFS." He added: "Their unique IFS Cloud platform, with aerospace-specific capabilities, will help us build, operate, and maintain our eVTOL aircraft and vehicle fleets now and into the future." Ronnie Coupland, SVP Europe & LATAM at IFS, commented: "We're thrilled to be working with CRISALION Mobility to streamline regulatory and certification processes, drive efficiency, manage lifecycle costs, and ultimately strengthen their position in the Advanced Air Mobility market. IFS is proud to bring unparallelled expertise in the AAM industry, backed by decades of Aerospace and Defense experience, and will provide CRISALION with the flexibility to shape business models and offer continuous support from manufacturing through to aftermarket services." About CRISALION Mobility: CRISALION Mobility is a Spanish leader in designing and developing advanced electric air and ground mobility solutions which are efficient, safe and sustainable. Created in 2019, CRISALION Mobility has a pioneering dual commitment to electric air and ground mobility, delivering cutting-edge proprietary solutions for domestic and international operators. Its eVTOLs feature a unique patented technology, FlyFree, which maximises aircraft stability and safety and has been tested successfully on European test flights. On land, its fully-electric, emission-free vehicles feature Intellydrive technology, allowing for the remote operation and management of dynamic vehicle platoons which return automatically to their charging station with the utmost safety and sustainability. CRISALION Mobility is committed to improving people's quality of life and helping to protect the environment with smart air and ground mobility solutions. About IFS IFS is the world's leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability. IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers' specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™. IFS was founded in 1983 by five university friends who pitched a tent outside our first customer's site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 7,000 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why. Contact information: EUROPE / MEA / APJ:Adam GillbeEmail: adam.gillbe@ifs.com NORTH AMERICA / LATAM:Mairi MorganEmail: mairi.morgan@ifs.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/ifs/r/crisalion-mobility-chooses-ifs-cloud-as-management-software-for-its-advanced-air-mobility-project,c4075028 The following files are available for download: https://news.cision.com/ifs/i/crisalion,c3357284 crisalion
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Nel ASA: Receives another 10 MW purchase order from Samsung C&T
OSLO, Norway, Dec. 3, 2024 /PRNewswire/ -- Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has signed a new contract for 10 MW of alkaline electrolyser equipment for about EUR 5 million with Samsung C&T Corporation Engineering & Construction Group ('Samsung C&T') for its first pilot for nuclear connected (pink) hydrogen production plant. The first contract with Samsung C&T signed earlier this year was for an off-grid project based on solar power, while the client will now set up a demonstration plant to validate the commercial model for nuclear pink hydrogen. The aim is to produce hydrogen from excess nuclear power generation, allowing to utilize energy that is otherwise wasted in periods of oversupply, increasing overall energy efficiency "Samsung C&T has ambitious plans in the hydrogen industry, and we are pleased that we, for the second time now, have been selected to deliver the electrolyser for this exciting and meaningful project," says Håkon Volldal, President and CEO of Nel ASA. Samsung C&T (Construction and Trading) focuses on global engineering, procurement, and construction. The company has signed several green hydrogen agreements and continues to strengthen its energy transition business portfolio. "This is the very first hydrogen production project using nuclear power in Korea and we needed to have the most reliable electrolysis technology for executing the project. There is no doubt that Nel's technology can meet our expectation. We are thrilled to partner with Nel again in pink hydrogen production project. Samsung C&T hope to strengthen the partnership with Nel to develop more opportunities in clean hydrogen business," says Samsung C&T's Head of Energy Solution Business Unit, Byung Soo Lee. This is a firm purchase order for alkaline stacks and balance-of-stacks (BoS). The electrodes will be produced in the Herøya facility in Norway, the world's first fully automated electrolyser production line. For additional information, please contact:Kjell Christian Bjørnsen, CFO, +47 917 02 097Wilhelm Flinder, Head of Investor Relations, +47 936 11 350 About Nel ASA | www.nelhydrogen.comNel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia. This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided. About Samsung C&T Samsung C&T Engineering & Construction Group has 50 years of experience operating throughout the world. Under the motto of 'trusted builder', the group focuses on three key areas: commercial and residential buildings, civil infrastructure, and plant construction. Its landmark projects include the Burj Khalifa in the UAE, the Petronas Towers in Malaysia, the Riyadh Metro in Saudi Arabia, and the 5,600MW Barakah Nuclear Power Plant in the UAE. Find our more aboutSamsung C&T Newsroom :https://news.samsungcnt.comSamsung C&T Official website :http://www.samsungcnt.com/eng/index.do This information was brought to you by Cision http://news.cision.com https://news.cision.com/nel-asa/r/nel-asa--receives-another-10-mw-purchase-order-from-samsung-c-t,c4074941
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Hisense PX3-PRO Crowned Top Performer in Projector Showdown
QINGDAO, China, Dec. 3, 2024 /PRNewswire/ -- Hisense, a leading brand in global consumer electronics and home appliances, has reinforced its status in Laser Projector technology, with the Hisense PX3-PRO TriChroma Laser Projector securing the top spot at the Prestigious Projector Showdown. The 2024 Projector Showdown, now in its third year, rigorously evaluates ultra short throw (UST) projectors to identify the top performers in home entertainment technology. The evaluation featured a panel of six expert judges, including ISF-certified calibrators and professional reviewers, assessing each projector's color accuracy, contrast, black levels, and detail sharpness. In recognizing the PX3-PRO as the overall standout winner, the judges remarked, "As a pioneer in the space, Hisense has always produced top quality UST projectors that have consistently been considered among the best. This year, it is arguable they are not just 'among' but may actually be 'the' best." Hisense PX3-PRO TriChroma Laser Projector secured the top spot at the Prestigious Projector Showdown Building on its predecessor, PX2-PRO, the PX3-PRO features significant improvements, including tripling the native contrast ratio to succeed 3,000:1. It boasts an adjustable 80 to 150-inch screen size and top-notch picture quality thanks to Hisense LPU™ Technology and TriChroma™ triple-laser projection technology. Real-time Pro AI Algorithms enhance brightness, fine-tune contrast, and eliminate noise. With 3,000 ANSI lumens brightness, Dolby Vision, an up to HSR240 high refresh rate for smooth gaming, the PX3-PRO Laser Cinema delivers depth, subtle nuances, and sharp, exceptionally bright picture performance, ideal for both bright and dark room set-ups. With its exceptional value and versatility, the Hisense PL2 Laser Cinema also earned an impressive third-place finish. Holding its own against more expensive triple-laser competition, the PL2 excelled in Standard Dynamic Range (SDR) and ranked second in High Dynamic Range (HDR). Judges noted the PL2 outperformed projectors costing twice its price. The projectors mark a breakthrough moment for home-entertainment, with the awards recognizing Hisense's dedication to delivering high-quality, cutting-edge innovation across various price-points. Both models redefine ultra short throw projectors, offering consumers an unparalleled viewing and gaming experience. Hisense PL2 Laser Cinema excelled in Standard Dynamic Range (SDR) and ranked second in High Dynamic Range (HDR) Both PX3-PRO and PL2 Laser Projectors are now available globally. About Hisense Hisense is a leading global home appliance and consumer electronics brand. According to Omdia, Hisense ranked No. 2 globally for TV shipments and No. 1 in 100" TVs in both 2023 and H1 2024. The company has expanded quickly to operate in more than 160 countries and specializes in multi-media goods, home appliances, and intelligent IT information.
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Mouser Electronics Examines the Human-Centric Revolution of Industry 5.0
Exploring the Opportunities of a Sustainable and Resilient Industrial Future SHANGHAI, Dec. 3, 2024 /PRNewswire/ -- Mouser Electronics, Inc., the global authorized distributor renowned for providing the latest in electronic components and industrial automation solutions, today unveiled the newest chapter in its Empowering Innovation Together (EIT) technology series, which focuses on the emerging landscape of Industry 5.0. In this next phase of industrialization, human, environmental, and social considerations will factor into the advanced technology, robotics, and smart machines on the factory floor of the future. Building on the technological advancements of Industry 4.0—where artificial intelligence (AI), data analytics, and machine learning revolutionized the interaction between physical and digital realms—Industry 5.0 shifts the spotlight to a more harmonious balance between humans and technology. It emphasizes societal value, resilience, and sustainability as core pillars. This EIT installment explores the transition from Industry 4.0 to Industry 5.0 and the technology advancements that await. In The Tech Between Us podcast, guest host Mark Patrick, Mouser Director of Technical Content for EMEA, and Leonardo Dentone, Program Chair of ISA Denmark, examine key enablers driving Industry 5.0 adoption, including advanced robotics, AI-driven systems, and the cyber-physical frameworks that bridge human and machine collaboration. In the subsequent In Between The Tech podcast, Larry Sweet, Director of Engineering at the Advanced Robotics for Manufacturing (ARM) Institute, addresses the practical challenges engineers face in implementing this human-focused industrial model and the pathways to overcoming them. "Industry 5.0 represents more than just the next phase of technological advancement; it is an intentional shift towards integrating societal progress with industrial innovation," said Patrick. "It challenges engineers to rethink the role of technology in creating a resilient and human-centered industrial environment, where innovation serves both productivity and the well-being of society." This series delivers comprehensive resources to engineering professionals, including technical articles and use cases, podcasts, an infographic, video and subscriber-exclusive content. Established in 2015, Mouser's Empowering Innovation Together program is one of the industry's most recognized electronic component programs. To learn more, visit https://www.mouser.com/empowering-innovation/industry5/ and follow Mouser on Facebook, LinkedIn, X and YouTube. For more information, visit https://www.mouser.com/.
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EPAM Completes Strategic Acquisition of First Derivative, Enhancing AI and Data-Driven Solutions for Financial Services
Strategic acquisition strengthens EPAM's financial services delivery capabilities in North America, Europe and APAC, enhancing end-to-end services NEWTOWN, Pa. and NEWRY, N. Ireland, Dec. 3, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the successful completion of its acquisition of First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry with more than 1,800 employees worldwide and major delivery capability in the U.K., Ireland, North America and APAC. First Derivative has one of the largest, fully dedicated capital markets consulting teams in the world. The Company deploys a range of technology capabilities to assist clients in meeting their technology challenges, including application development and modernization, real-time data platforms, robotic process automation, machine learning and artificial intelligence. "As we complete this acquisition, we are excited to welcome First Derivative's talented team and client base to EPAM," said Balazs Fejes, President of Global Business and Chief Revenue Officer, EPAM. "This partnership brings together EPAM's digital, AI, cloud and engineering capabilities with First Derivative's expertise in financial services. Whilst First Derivative has historically been a key player in financial services and capital markets, we see significant opportunity to apply First Derivative's specializations in regulated industries and implementations of specialized commercial software solutions to our wider customer base." EPAM will leverage First Derivative's strong industry experience and brand to deliver a comprehensive set of AI-enabled capabilities to clients in banking, capital markets and other financially regulated businesses across North America, Europe and APAC. "We are pleased to officially join forces with EPAM, a partner whose commitment to technological innovation aligns perfectly with our vision," said David Collins, CEO, First Derivative. "Together, EPAM and First Derivative offer strengthened financial services to clients, empowering operational insights, driving innovation and more effectively managing risk in an increasingly data-driven landscape." Details Regarding Acquisition of First DerivativeStone Key Partners LLC served as the exclusive financial advisor and Faegre Drinker served as the legal advisor to EPAM. The acquisition successfully closed after meeting all customary closing conditions, including the receipt of necessary regulatory clearances. Learn more about the acquisition here: Agreement to Acquire First Derivative, Expanding Global Financial Services Practice. To learn more about EPAM's growing financial services capabilities, visit www.epam.com/industries/financial-services. About EPAM SystemsSince 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients' transformation challenges by focusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments. We make GenAI real with our AI LLM orchestration, testing and engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™, respectively. We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our people around the world. We believe the right solutions are the ones that improve people's lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market. Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as a Top 100 Best Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services. Learn more at www.epam.com and follow us on LinkedIn. Forward-Looking Statements This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
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ATRenew Inc. Included in UNGC's Forward Faster Campaign for Sustainable Development Contributions in China's Private Sector
SHANGHAI, Dec. 3, 2024 /PRNewswire/ -- ATRenew Inc. ("ATRenew" or the "Company") (NYSE: RERE), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced it has been recognized by the United Nations Global Compact's ("UNGC") "Forward Faster: 20 Examples of Private Sector's Sustainable Development in China" campaign (the "Campaign"). This prestigious acknowledgment highlights ATRenew's commitment to environmental, social, and governance (ESG) practices, and reaffirms the Company's role as a transformative force in the development of China's circular economy. The Campaign, launched with the support of the University of Nottingham Ningbo China, comes as part of the UNGC's celebration of the 20th anniversary of the ESG concept. ATRenew was one of 20 companies selected from a pool of 75 candidates following a rigorous four-month evaluation process. The selection committee, comprising high-level representatives from the UN system and academic experts, chose ATRenew based on its exemplary performance in adhering to ESG principles while maintaining economic viability, operability, replicability, innovation, and inclusivity. Kerry Xuefeng Chen, Founder, Chairman, and Chief Executive Officer of ATRenew, commented, "We are honored that our practice of promoting ESG and sustainable development has been included in the United Nations Global Compact's 20 case examples. This achievement not only validates our mission to give a second life to all idle goods but also demonstrates our commitment to ESG principles. As we continue to drive the development of the circular economy in China through our innovative recycling and trade-in services, we remain dedicated to creating long-term value for our stakeholders and contributing to a brighter future for all." ATRenew's recognition in this campaign underscores the Company's pivotal contribution to sustainable practices within China's private sector. By facilitating the recycling and trade-in of electronic devices and other consumer goods to prolong their lifecycle, ATRenew plays a key role in reducing electronic waste and demonstrating the potential of the circular economy. As a participant in the UNGC, ATRenew remains committed to its principles-based approach to responsible business. The Company will continue to integrate sustainable practices into its operations and strive for continuous improvement in its ESG performance. About ATRenew Inc. Headquartered in Shanghai, ATRenew Inc. operates a leading technology-driven pre-owned consumer electronics transactions and services platform in China under the brand ATRenew. Since its inception in 2011, ATRenew has been on a mission to give a second life to all idle goods, addressing the environmental impact of pre-owned consumer electronics by facilitating recycling and trade-in services, and distributing the devices to prolong their lifecycle. ATRenew's open platform integrates C2B, B2B, and B2C capabilities to empower its online and offline services. Through its end-to-end coverage of the entire value chain and its proprietary inspection, grading, and pricing technologies, ATRenew sets the standard for China's pre-owned consumer electronics industry. ATRenew is a participant in the United Nations Global Compact, and adheres to its principles-based approach to responsible business. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to 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," "likely to" and similar statements. Among other things, quotations in this announcement, contain forward-looking statements. ATRenew may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), 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 statements about ATRenew's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: ATRenew's strategies; ATRenew's future business development, financial condition and results of operations; ATRenew's ability to maintain its relationship with major strategic investors; its ability to facilitate pre-owned consumer electronics transactions and provide relevant services; its ability to maintain and enhance the recognition and reputation of its brand; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in ATRenew's filings with the SEC. All information provided in this press release is as of the date of this press release, and ATRenew does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact In China:ATRenew Inc.Investor RelationsEmail: ir@atrenew.com In the United States:ICR LLC.Email: atrenew@icrinc.comTel: +1-212-537-0461
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Veritas Awarded a 2024 AWS Partner Award
Veritas recognized as Storage Partner of the Year winner SINGAPORE, Dec. 3, 2024 /PRNewswire/ -- Veritas Technologies, the leader in secure multi-cloud data resilience, today announced it is a recipient of a 2024 Geo and Global AWS Partner Award, recognizing leaders around the globe that are playing key roles in helping their customers drive innovation and build solutions on Amazon Web Services (AWS). Veritas has been named winner of the Storage Partner of the Year award. Announced during the Partner Awards Gala at AWS re:Invent 2024, the Geo and Global AWS Partner Awards recognize a wide range of AWS Partners that have embraced specialization, innovation and cooperation over the past year. Geo and Global AWS Partner Awards recognize partners whose business models continue to evolve and thrive on AWS as they support their customers. With more than 30 years of industry leadership, Veritas has supported organizations through every major IT disruption. Ninety-one percent of the Fortune 100 – representing many of the largest companies from key sectors like financial services, healthcare and technology – rely on Veritas to manage, protect and recover their business-critical data and applications. Through its longtime relationship with AWS, Veritas provides high-performance cloud solutions at scale. Among these are backup to Amazon Simple Storage Service (Amazon S3), archiving to Amazon S3 Glacier, migrating workloads to Amazon Elastic Compute Cloud (Amazon EC2), and ensuring mission-critical applications are highly available and recoverable across multiple availability zones. Deepak Mohan, executive vice president of engineering at Veritas, said: "As enterprises modernize their infrastructure using Veritas and AWS, they need solutions that are both simple to manage and simple to engage. The combination of Veritas technologies delivered through AWS Marketplace enables cost optimization for digital transformation – whether through flexible consumption of data protection and application resiliency services or intense deduplication of cloud data volumes. The Storage Partner of the Year award reflects the continued success of our collaboration with AWS and the benefits we deliver to customers together." The Geo and Global AWS Partner Awards included a self-nomination process across several award categories, awarded at both the geographic and global level. All AWS Partners were invited to participate and submit a nomination. Award submissions were reviewed by a third-party, Canalys, and selected with special emphasis placed on customer success use cases. In addition, there were several data-driven award categories, which were evaluated by a unique set of metrics that helped measure AWS Partners' performance over the past year. Canalys audited the datasets used to ensure that all measurements and calculations were objective and accurate. The AWS Partner Network (APN) is a global program focused on helping partners innovate, accelerate their journey to the cloud, and take full advantage of the breadth and depth of AWS. About VeritasVeritas Technologies is the leader in secure multi-cloud data management. Over 80,000 customers—including 91% of the Fortune 100—rely on Veritas to help ensure the protection, recoverability and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor can match Veritas' ability to execute, with support for 800+ data sources, 100+ operating systems and 1,400+ storage targets through a single, unified approach. Powered by Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at veritas.com. Follow us on X at @veritastechllc. Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries. Other names may be trademarks of their respective owners.
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Changsha polishes blueprint for tech-culture integration
BEIJING, Dec. 3, 2024 /PRNewswire/ -- A report from China Daily Changsha's Malanshan Video Cultural and Creative Industrial Park is known as China's "V Valley" because of its video industry concentration. CHENG LONG/FOR CHINA DAILY Innovative approach spurs expansion of tourist industry Limitless potential for revamping tourism is created when a city melds its dazzling culture with cutting-edge technology. Such is the case in Changsha, capital of Central China's Hunan province, where a whirlwind of "culture plus technology" is sweeping the city, spurred by concerted efforts to blend industries with culture and shape new paradigms for tourism. New business modes Located on the bank of Liuyang River, Changsha's Malanshan Video Cultural and Creative Industrial Park is home to more than 60,000 professionals who are excelling in the field of audio and video creation and production. With the support of technology, new cultural business modes have emerged there, forming a complete digital cultural industry chain that encompasses links such as content production, creativity, storage, broadcasting and trading. At Skymedia, a large audio and video multimedia model released by Wondershare at Malanshan park, users can upload a photo and get a dynamic 3D effect video, or input text commands to generate music. The model boasts a wide variety of functions, including text-to-video generation, image-to-video generation and soundtracks, and is in commercial use. With the Skymedia model, creators can complete audio and video content production and editing more efficiently, significantly enhancing both the efficiency and quality of their creations. As part of another project at Malanshan park, two people far apart don special pairs of "glasses" to become "close neighbors" in a virtual scene. Zou Jun, who is responsible for the project, said: "We define it as the next generation of communication, enabling real-time face-to-face interaction for remote business meetings, family communications and educational activities." The deep integration of culture and technology has led to the continuous emergence of new business modes and new scenarios at Malanshan park. According to statistics, over the past two years, more than 60 percent of leading enterprises attracted to the park are engaged in new business modes. The animation and video game industry has become one of the fastest-growing new cultural sectors in recent years. Thanks to new infrastructure such as a video cloud platform, a supercomputing center and shared production center, Malanshan park has reduced the rendering time and costs for animation and game production by 30 percent. This has led to a strong trend of enterprises clustering together and scaling up capacity in the three-dimensional animation industry. Currently, Malanshan park focuses on new technologies, new applications and new industries. It has established 16 scientific and technological innovation institutions and attracted 3,000-plus upstream and downstream enterprises. By deeply applying digital technologies such as panoramic scanning, virtual reality and glasses-free 3D into the field of cultural heritage, other Changsha projects have brought precious historical relics back to life. In August, Hunan Mango Digital Art Intelligence Technology launched a digital cultural museum application called Shanhai. This platform uses digital technology to present museum relics in a 3D form, allowing people to explore exhibitions anytime and anywhere on their mobile devices. The app offers vast digital collections and integrates functions such as 3D artifact appreciation, AI interaction and personalized museum experiences. It has quickly become popular online. Digital technology helps relics be "reborn", allowing audiences to seemingly travel back thousands of years while gaining an immersive understanding of the history and culture behind them. This year, Hunan Museum released a 3D digital image of Lady Xin Zhui, a woman whose remains have been well preserved for more than 2,000 years. Through the integration of advanced AI technology, motion capture technology and multiple disciplines including medicine and archaeology, the "sleeping beauty" has been brought back to life. Besides relics in the museum, heritage in the wild can be "revived" with the help of high-tech solutions. The Wuxi site of stone tablets in Hunan's Qiyang city is a large open-air site that preserves stone inscriptions from the Tang Dynasty (618-907), making it a rare treasure trove of calligraphic carvings. Due to natural causes, the surfaces of the inscriptions have experienced varying degrees of weathering, rendering many characters blurred and difficult to discern. The Malanshan cultural digitization innovation center, in collaboration with a team, utilized various digital technologies to rejuvenate the historical and cultural heritage, collecting images of each stele, employing techniques to achieve high-precision digital imaging, and forming a stele database. Today, the database stores basic information about the inscriptions, which have been made clear and distinguishable, and provides things such as original photos and micro-trace images, as well as calibrating relationships between several hundred steles and hundreds of famous individuals. In the future, it could facilitate secondary creations around the inscriptions by experts, scholars and design teams. Cultural tourism Changsha's innovative integration of culture and technology has given rise to new cultural tourism scenarios and business modes. From traditional real-world sightseeing to immersive experiences that blend the real with the virtual, new technologies can be found in the creation and dissemination of cultural content and interactive methods in cultural tourism, providing visitors with entirely new experiences. In September, a digital exhibition hall, located next to Tianxin Pavilion, officially opened. The hall houses a vast collection of relics related to figures from Hunan history and also offers an immersive cultural experience via new digital and intelligent technologies. In one example, a digital image of Zhu Xi, a renowned philosopher from the Song Dynasty (960-1279), appears on a screen and can answer questions asked by visitors. The "digital human" Zhu Xi was created based on national supercomputing. Through AI technology, the great scholar's attire, expressions and movements have been interpreted and he can engage in precise conversations with visitors. They can ask him abstract questions such as the meaning of "seeking truth from facts", as well as trendy enquiries like "What are some of the best foods in Changsha?" or "What drinks did people in the Song Dynasty enjoy?"
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TeamT5 Receives International Recognition as Taiwan's Best Threat Intelligence Company by Frost & Sullivan
TAIPEI, Dec. 3, 2024 /PRNewswire/ -- TeamT5, a leading provider of Asia-Pacific threat intelligence, has been recognized as the "2024 Taiwanese Company of the Year Award in the Taiwanese Threat Intelligence Industry" by the international consulting firm Frost & Sullivan, marking its second consecutive year receiving this prestigious award. TeamT5 is dedicated to offering comprehensive and in-depth threat intelligence across the Asia-Pacific region, along with its user-friendly threat intelligence platform, ThreatVision. The company has earned long-standing recognition from key sectors, including the high-tech industry, financial institutions, and government agencies. TeamT5 Receives International Recognition as Taiwan's Best Threat Intelligence Company by Frost & Sullivan Continuous Awards Reflect TeamT5's Ongoing Innovation and GrowthTeamT5 continues to demonstrate its commitment to innovation and growth, earning recognition for its excellence in the field of threat intelligence. The company specializes in threat intelligence analysis, provides robust endpoint defense solutions, and is actively expanding into global markets. TeamT5 delivers actionable and up-to-date threat intelligence to enterprises and organizations, helping to improve operational efficiency and strengthen cybersecurity resilience. Expert Insights on TeamT5's Leadership in Threat IntelligenceGeorgia Edell, a consultant at Frost & Sullivan, highlighted TeamT5's strength in providing timely and relevant intelligence on cyber threats, particularly from attack groups operating in the Asia-Pacific region, with a focus on Chinese adversaries. Edell also noted the high flexibility of TeamT5's threat intelligence platform, which enables users to access the most pertinent insights while minimizing unnecessary costs. TeamT5's continued success reinforces its position as a leader in Taiwan's threat intelligence sector. Advancing Cybersecurity Defense for the FutureTsai Sung-Ting, founder and CEO of TeamT5, expressed gratitude for the recognition, stating, "We are honored to receive this award once again. Our core philosophy is 'intelligence-driven security defense,' and we are committed to helping our clients build stronger security resilience through precise, real-time threat intelligence." Tsai further emphasized the company's recent expansion into dark web intelligence, enabling businesses to monitor for potential leaks of sensitive information and enhance their defenses against emerging threats. Threat intelligence is the foundation of cybersecurity defense, and it is also the key to enterprises' defense against ever-changing cybersecurity threats. Accordingly, in order to enhance the defense capabilities of enterprises and organizations, TeamT5 will expand and host the second Threat Analyst Summit this year to provide more forward-looking, strategic and practical threat intelligence guidance for the cybersecurity field. At the summit, the TeamT5 threat intelligence analyst team proposed the new year's cybersecurity threat trends, and specially invited a number of top international experts to analyze the key points of cybersecurity incident handling and discuss the latest cybersecurity defense cases to ensure that enterprises are in the increasingly severe cybersecurity threats. environment, we can achieve more proactive and effective prevention and response. Activities highlights include: International expert insights: Listen to sharing from top experts from various countries and obtain the latest cybersecurity trends and analysis. Advanced Persistent Attacks (APTs) and the latest attack methods of cybercrime: Get a deeper understanding of the current threat landscape and understand effective defense measures. Strategies for responding to cybersecurity threats: Obtain practical strategies for responding to cybersecurity incidents and effectively respond to changing and evolving cybersecurity threats. For more speech topics and event ticketing links, please visit the event page: https://tas2024.teamt5.org/ About Frost & Sullivan : Company of the Year AwardsFrost & Sullivan is a top international consulting firm. The "Company of the Year Award" is its annual award, aiming to recognize companies with outstanding achievements and outstanding performance in leadership, technological innovation, customer service, etc. in various regions. The award's selection process uses in-depth interviews, analysis and extensive secondary research to compare market competitors and measure their performance, and to select the best practitioners in the industry. About TeamT5TeamT5 consists of top cyber threat analysts. Leveraging our geographic and cultural advantages, we have the best understanding of cyber attackers in Asia Pacific. TeamT5 is frequently invited to share insights at top cybersecurity conferences. Our threat intelligence research expertise and solutions are recognized as the 2023-2024 Company of the Year Award in Taiwanese Threat Intelligence by Frost & Sullivan. Based on our research in malware & Advanced Persistent Threat (APT), we provide cyber threat intelligence reports and anti-ransomware solutions to clients in the USA, Japan, and Taiwan. Clients include government agencies, financial business, and high-tech enterprises. > Frost & Sullivan - Winners List : Link > Download "2024 Best Threat Intelligence Company in Taiwan - TeamT5" from Frost & Sullivan : Link
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LG CNS to Launch Smart Building DX Business in the U.S.
LG CNS plans to incorporate Smart Building Technology into SomeraRoad U.S. real estate development projects to enhance their value Utilizes the proprietary 'Cityhub Building' platform to develop data-driven smart buildings Delivers unique digital transformation (DX) solutions including blockchain-based mobile access card and smart pole SEOUL, South Korea, Dec. 3, 2024 /PRNewswire/ -- LG CNS, a leading digital transformation (DX) company, announced its entry into the DX technology sector for U.S. buildings by signing a Memorandum of Understanding (MOU) with SomeraRoad, a U.S.-based opportunistic real estate investment and development firm, and Mastern America, the U.S. branch of Korea's prominent alternative investment1) company, Mastern Investment Management. [Photo] Moon Keun Choi(Middle), SVP of LG CNS takes a photo with Ian Ross(right), Managing Partner of SomeraRoad and Joseph Oh(left), CEO of Mastern America after signing MOU The MOU signing ceremony took place at SomeraRoad's headquarters in New York City, attended by Moon Keun Choi, Senior Vice President of LG CNS; Ian Ross, Founder and Managing Partner of SomeraRoad; Fergus Campbell, Managing Partner of SomeraRoad; and Joseph Oh, CEO of Mastern America. SomeraRoad is an opportunistic real estate investment and development firm that takes an entrepreneurial and opportunistic approach to commercial real estate across a wide spectrum of asset classes, geographies, investment products, and risk profiles, while Mastern America has a proven track record of developing major office buildings in big cities, including One Madison Avenue in New York City's Manhattan district. Under the MOU, the three corporations will collaborate on smart real estate initiatives, incorporating DX technologies such as AI, IoT, and automation to transform building management efficiency and enhance user experiences. The initiative will focus on investment and development of smart technology into SomeraRoad projects including hotels and luxury condo projects, multi-family residential properties, within mixed-use projects in Kansas City (Missouri), Nashville (Tennessee), and other locations. Additionally, they will explore projects that implement DX technology in smart aviation infrastructure, with the aim of expanding and diversifying their business models. LG CNS will oversee the implementation of DX technology in SomeraRoad and Mastern America's U.S. real estate development projects, starting with utilizing its 'Cityhub Building' platform to transform hotels, resorts, multi-family residential properties, and office buildings into smart buildings. 'Cityhub Building' is an integrated building management platform offering various functions like data collection, facility control, and energy management for large structures such as office buildings and factories. The platform optimizes building operations through data-driven insights and the simultaneous monitoring and management of multiple buildings across different locations and time zones. One of its standout features is its ability to centralize the management of various equipment and systems in different buildings globally. LG CNS provides DX services for employees, visitors, and managers of smart buildings. This includes blockchain technology that can be used to create mobile access cards or digital employee IDs, replacing traditional plastic cards for a more convenient way to verify someone's identity and grant access to offices, meeting rooms, and amenities via smartphone. Users can also enjoy greater convenience by making payments at restaurants and cafes, accessing photocopiers, and boarding commuter buses seamlessly. The mobile access cards/employee IDs are equipped with blockchain-based Decentralized ID (DID) technology to ensure secure mobile identity and credential authentication, safeguarding personal privacy and preventing hacking or data leaks. LG CNS also provides a Content Management System (CMS) for digital media that enables the simultaneous delivery and management of various types of signage in large buildings. This innovative system lets smart building users tailor their digital content to their unique space and can even deliver important information in emergencies. LG CNS will further introduce smart poles as well that collect city data in outdoor areas to support the development of smart cities. These advanced streetlights leverage AI-powered CCTV and IoT sensors to accurately monitor vehicle flow and pedestrian count, enabling more effective traffic management. They can also track environmental factors like air pollution, temperature, and humidity in real-time, helping cities better manage urban conditions. "With demand for smart buildings in the U.S. on the rise, we plan to expand our smart building DX business nationwide, starting in Kansas City and Nashville, and extending to New York and other locations," said Moon Keun Choi, Senior Vice President at LG CNS. "We also aim to broaden our efforts to include smart cities as another way of delivering even greater value to our clients across the U.S." ※Terms 1) Alternative Investments: Investments in assets like real estate, jewelry, and art as opposed to more traditional investments such as stocks, bonds, and cash. About LG CNS LG CNS is a leading Korean digital transformation (DX) company that continues to pioneer various emerging technologies such as the cloud, generative AI, big data, smart factory, smart city, smart logistics and digital marketing. The company is also leading the market through innovative system integration (SI) and system management (SM) projects in finance, manufacturing, the public sector and various other industries. For more information, please visit www.lgcns.com.
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LG Energy Solution and GM to Jointly Develop Prismatic Battery Cell Technology
Under this definitive agreement, the companies will develop prismatic battery cell technology and affiliated chemistries for GM's future EVs The agreement marks an extension of the two companies' successful 14-year battery technology partnership LG Energy Solution to become the first global battery manufacturer to offer all three form factors (pouch-type, cylindrical, prismatic) SEOUL, South Korea, Dec. 3, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced a new partnership agreement with General Motors (GM) for prismatic battery cell technology, marking an extension of the two companies' solid 14-year battery technology partnership. Under this new definitive agreement, the companies will jointly develop prismatic battery cell technology and affiliated chemistries, and once the partnership comes to fruition, the prismatic cell technology developed under the agreement will power future GM electric vehicles (EV). The achievement will be a significant milestone for LG Energy Solution, as it becomes the first global battery manufacturer to offer all three form factors (pouch-type, cylindrical, prismatic). It also highlights the companies' robust partnership and the success of their Ultium Cells joint venture, which has created thousands of jobs in the U.S. through its plants in Ohio and Tennessee. Prismatic battery cells feature a flat, rectangular shape with a rigid enclosure, which allows for space-efficient packaging within battery modules and packs. LG Energy Solution has already secured competitiveness in prismatic cells, with the experience of actual prismatic cell production and extensive patent portfolio on battery design and manufacturing technologies, including packaging. The company also aims to leverage its world-best stacking technology, as manufacturing best practices are shifting from winding to stacking in prismatic cell structures. As such, capitalizing on its proven capabilities in materials and manufacturing technologies, LG Energy Solution will deliver differentiated prismatic solution to address the diversifying needs of its customers. Once the prismatic cell comes onboard, the company will further reinforce its market leadership, along with its pouch-type cells and cylindrical cells. With its expanded product portfolio, LG Energy Solution aims to offer efficient and safe power solutions that address different needs in each EV segment, thereby supporting global mass EV adoption. "LG Energy Solution is proud to be expanding its relationship with one of its strongest partners, GM. Together with GM, we've made tremendous progress already and look forward to deepening our collaboration to drive the right chemistry and battery combinations for continued growth in the EV market," said Wonjoon Suh, Executive Vice President and head of the company's Advanced Automotive Battery division. "Together with LG Energy Solution, we've built Ultium Cells into one of the largest battery cell manufacturers in North America, creating thousands of advanced technology jobs in the U.S. and powering our diverse EV portfolio," said Kurt Kelty, GM vice president of battery cell and pack. "We're focused on optimizing our battery technology by developing the right battery chemistries and form factors to improve EV performance, enhance safety, and reduce costs. By extending our partnership with LG Energy Solution, we're taking an important step towards these goals," said Kurt Kelty, GM vice president of battery cell and pack. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com.
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Frank Phuan joins UnaBiz's Pre-Series C Round and appointed as Board of Director
Renowned sustainability leader and co-founder of Sunseap Group partners with UnaBiz to drive ESG-driven IoT Innovation. SINGAPORE, Dec. 3, 2024 /PRNewswire/ -- UnaBiz, a global leader in Massive IoT solutions, is thrilled to announce a strategic investment from Frank Phuan in its Pre-Series C funding round. Frank, a visionary in sustainable energy and Co-Founder of Sunseap Group, one of Southeast Asia's largest clean energy solutions providers, brings not only his financial support but also his expertise as he joins UnaBiz's Board of Directors. This partnership is set to amplify UnaBiz's impact on global ESG initiatives. This exciting development comes on the heels of UnaBiz successfully closing the first tranche of its pre-Series C funding round, backed by prominent Japan-based investors KDDI Global Innovation Fund 3 and Kyocera Communications System Co. Ltd, in August this year. Over the past two years, UnaBiz has achieved remarkable milestones, including over 10x growth in recurring revenue, and the addition of over 5 million new devices to the global 0G Network, powered by the Sigfox 0G technology UnaBiz now owns. This makes UnaBiz the largest unlicensed LPWAN network globally, with over 14 million connected devices. Frank Phuan brings a wealth of expertise in renewable energy and sustainability to UnaBiz, both as an investor and Board Member. As the Co-Founder of Sunseap Group and the Co-Chair of the Sustainability Alliance of multiple Trade & Associations in Singapore, Frank has been at the forefront of driving solar energy adoption and sustainable development across the region. Under his leadership, Sunseap expanded its presence across multiple markets, delivering innovative renewable energy projects and playing a pivotal role in shaping the green energy landscape. His extensive experience in ESG strategy and green technology makes him a valuable addition to UnaBiz's Board of Directors. Frank Phuan shared his vision and enthusiasm for joining UnaBiz's Board of Directors: "With their core technology Sigfox, UnaBiz is one of the rare deep tech companies that drive significant ESG impact through their innovative IoT solutions, especially in the energy and utilities sector. Their solutions not only deliver sustainable economic and environmental value but also help accelerate their customers' journey towards net zero. Joining UnaBiz's Board allows me to contribute directly to their mission of enabling global net-zero goals while fostering innovation. I look forward to supporting their growth journey and the significant impact they are poised to make." Henri Bong, CEO & Co-Founder of UnaBiz, highlighted the company's commitment to sustainability and its deep ties to Singapore: "Singapore has always been at the heart of UnaBiz's mission, serving as both our innovation hub and a benchmark for sustainable urban development. It is where our journey began and continues to inspire our drive for impactful solutions. As an accredited participant in the Infocomm Media Development Authority's (IMDA) Accreditation Programme, UnaBiz reinforces its capability to lead in digital innovation, delivering IoT solutions that enhance efficiency for government institutions and large enterprises while contributing to a greener future. With Frank Phuan's extensive ESG expertise, we are excited to strengthen our capabilities locally, fostering green innovation and scaling our efforts to create a smarter and more sustainable future." UnaBiz continues its commitment to transforming industries and driving sustainable change in key sectors, including Utilities, Supply Chain & Logistics, Building & Facilities Management, and Security.
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Axcelis Announces Participation in SEMICON Japan 2024
BEVERLY, Mass., Dec. 3, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today that it will showcase its Purion™ and GSD Ovation™ Series of ion implanters at the SEMICON Japan 2024 exhibition. The conference and exhibition are being held December 11-13, at the Tokyo Big Sight in Tokyo, Japan. Axcelis will be in Hall 4, Booth #4621. Semiconductor manufacturers are invited to visit the Axcelis exhibit to learn first-hand about innovative ion implant solutions that deliver significant technology and manufacturing advantages. Purion Power Series™ - Featuring Axcelis' innovative solution for thin silicon, TAIKO and silicon carbide (SiC) wafer processing across the full power device applications space, and wafer handling capable for 150mm, 200mm and 300mm wafers. Purion H™ Series - Offering unmatched purity and precision while achieving industry leading productivity across the full high current operating space. Purion H200™ - Axcelis' state of the art single wafer high current medium energy implanter designed to address the unique implant needs for devices designed for the Internet of Things (IoT) and power applications. Purion XE™ Series - The industry leading high energy implant platform with the widest energy range, including the Purion XEmax model featuring patented Boost Technology™ for the most advanced image sensor applications up to 15MeV. Purion M™ Series - The lowest power consumption medium current implanter offering the broadest range of mid-current doses available, and unparalleled flexibility to meet today's evolving implant requirements. GSD Ovation™ - Providing the most cost-effective way to extend high current and high energy batch platform capability by supporting emerging applications in wafer splitting (Si and SiC) and alternate substrates (lithium tantalate and ceramic). During the show, Axcelis will also host the following events on Thursday, Dec. 12th: SiC Power Device Manufacturing Ion Implant TechnologyExhibitor's TechSPOT Hall 5, 15:30 - 15:50 p.m.The power device market is at a critical inflection point as chipmakers transition from 150mm to 200mm SiC wafers. Ion implant equipment needs to offer the flexibility to handle multiple wafer sizes, various substrate types and operate at various implant temperatures. Please join us to learn about Axcelis' Silicon & Silicon Carbide (SiC) power semiconductor product line, SiC implant Al ion sources and productivity options and Si IGBT wafer handling and proton (H+) implant solutions. Axcelis Happy Hour CelebrationHall 4 Booth #4261, 16:00 – 17:00 p.m.Join us for beverages and appetizers and meet the Axcelis team! President and CEO of Axcelis Technologies Russell Low, said, "We're excited to be a part of this important market and the opportunity to provide the most advanced ion implant technology to Japan chipmakers. We are proud of our growing installed base and support infrastructure in Japan and remain focused on expanding our market share by providing customers the most innovative, enabling implant technology and support solutions to ensure their success." Charles Pieczulewski, Axcelis Country Manager, Japan, commented, "Japan customers continue to be impressed by Axcelis' broad implant product portfolio for power, image sensor, memory and logic applications. We look forward to displaying our newest technological advancements at SEMICON Japan." About Axcelis:Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com. AXCELIS CONTACTS:Japan:Charles Pieczulewski (Country Manager, Japan) +81.3.5860.2586 Global:Maureen Hart (Editorial/Media) +1.978.787.4266David Ryzhik (Investor Relations) +1.978.787.2352 Logo - https://mma.prnasia.com/media2/1756239/Axcelis_1_Logo.jpg?p=medium600
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Q3 2024 Global Semiconductor Equipment Billings Grew 19% Year-Over-Year, SEMI Reports
MILPITAS, Calif., Dec. 3, 2024 /PRNewswire/ -- Global semiconductor equipment billings increased 19% year-over-year to US$30.38 billion in the third quarter of 2024, while quarter-over-quarter billings registered 13% growth during the same period, SEMI announced today in its Worldwide Semiconductor Equipment Market Statistics (WWSEMS) Report. Q3 2024 Global Semiconductor Equipment Billings Grew 19% Year-Over-Year, SEMI Reports "The global semiconductor equipment market recorded robust growth in the third quarter of 2024 driven by investments aimed at supporting the proliferation of Artificial Intelligence as well as production of mature technologies," said Ajit Manocha, SEMI President and CEO. "The growth in equipment investments was spread across multiple regions seeking to bolster their chipmaking ecosystems, with North America posting the largest year-over-year gain while China continues to lead in spending." Compiled from data submitted by members of SEMI and the Semiconductor Equipment Association of Japan (SEAJ), the WWSEMS Report is a summary of the monthly billings figures for the global semiconductor equipment industry. Following are quarterly billings data in billions of U.S. dollars with quarter-over-quarter and year-over-year changes by region: The SEMI Equipment Market Data Subscription (EMDS) provides comprehensive market data for the global semiconductor equipment market. The subscription includes three reports: Monthly SEMI Billings Report, a perspective on equipment market trends Monthly Worldwide Semiconductor Equipment Market Statistics (WWSEMS), a detailed report of semiconductor equipment billings for seven regions and 24 market segments SEMI Semiconductor Equipment Forecast, an outlook for the semiconductor equipment market Download a sample of the EMDS report. For more information about the report or to subscribe, please contact the SEMI Market Intelligence Team at mktstats@semi.org. More details are also available on the SEMI Market Data webpage. About SEMI SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more. Association ContactSamer Bahou/SEMIPhone: 1.408.943.7870Email: sbahou@semi.org Q3 2024 Global Semiconductor Equipment Billings Grew 19% Year-Over-Year, SEMI Reports
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Panaya and Tritusa Join Forces to Enhance SAP Testing in Australia
This partnership brings together Panaya's robust AI-powered Smart Testing platform and Tritusa's rich testing expertise to deliver superior testing outcomes for Australian enterprises HACKENSACK, N.J., Dec. 3, 2024 /PRNewswire/ -- Panaya, the leader in SaaS-based AI-Powered Smart Testing and Change Intelligence for ERP, CRM, and Enterprise Cloud Applications, announces today a new partnership with Tritusa, an Australian company specializing in SAP Testing and Quality Assurance. This collaboration aims to provide Australian enterprises with enhanced SAP testing capabilities, including Test Automation, to ensure seamless, efficient and risk-free SAP implementations. As businesses in Australia increasingly adopt SAP S/4HANA, the need for robust testing solutions has never been greater. Panaya and Tritusa are combining their strengths to meet this demand. Panaya's cutting-edge AI-powered solutions, paired with Tritusa's comprehensive SAP testing services – including Test Management & Governance, Test Assurance, Functional Testing, Test Automation, and Performance Testing – offer a powerful, 360-degree, suite of solutions for organizations looking to optimize their SAP testing processes. This partnership allows businesses to leverage Tritusa's local expertise and Panaya's innovative technology to improve test quality, test environment readiness, and overall test effectiveness. Organizations can now accelerate their SAP projects with confidence, ensuring high-quality outcomes and minimal disruption to their operations. Shabi Levi, Head of Global Channels and Alliances at Panaya, shared his appreciation for the collaboration: "We are very pleased to partner with Tritusa to bring our AI-driven testing solutions to the Australian market. Tritusa's deep understanding of SAP testing and their commitment to quality make them an ideal partner. Together, we will empower Australian businesses to achieve faster, more reliable SAP transformations." Jag Sothivel, Technical Director at Tritusa, also highlighted the value of the partnership: "Partnering with Panaya allows us to offer our clients state-of-the-art testing solutions that go beyond traditional approaches. Panaya's technology perfectly complements our testing services, and we look forward to delivering outstanding results for our customers." About TritusaTritusa is an Australian company, specializing in SAP Testing and Quality Assurance. They focus on a comprehensive array of SAP Testing & Assurance services, including Test Management & Governance, Test Assurance, Functional Testing, Test Automation and Performance Testing & Engineering. They go beyond traditional SAP testing approaches and assist their customers to improve their test data quality, test environment quality, and test user quality, ensuring seamless testing outcomes. About PanayaPanaya, a SaaS-based company certified by SAP, Oracle, and Salesforce.com, offers an all-in-one platform for Smart Testing solutions and Change Intelligence tailored for ERP, CRM, and cloud business applications. Panaya accelerates and de-risks digital landscapes with AI-powered Test Automation, Test Management, and Impact Analysis. Panaya's focus on ease of use and an intuitive interface ensures seamless collaboration between business and IT, empowering business users and IT professionals to gain real-time visibility and control over their projects. This capability enables faster releases and continuous delivery of high-quality software. Since its founding in 2006, over 3,000 companies across 62 countries, including a third of the Fortune 500, have trusted Panaya to drive rapid, quality testing and change management in their enterprise business applications. For more information, contact Panaya at marketing@panaya.com or visit www.panaya.com. For media inquiries, contact Dana Averbouch, daverbouch@panaya.com. Logo - https://mma.prnewswire.com/media/1636386/3844879/panaya_Logo.jpg
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Panaya and Tritusa Join Forces to Enhance SAP Testing in Australia
This partnership brings together Panaya's robust AI-powered Smart Testing platform and Tritusa's rich testing expertise to deliver superior testing outcomes for Australian enterprises HACKENSACK, N.J., Dec. 3, 2024 /PRNewswire/ -- Panaya, the leader in SaaS-based AI-Powered Smart Testing and Change Intelligence for ERP, CRM, and Enterprise Cloud Applications, announces today a new partnership with Tritusa, an Australian company specializing in SAP Testing and Quality Assurance. This collaboration aims to provide Australian enterprises with enhanced SAP testing capabilities, including Test Automation, to ensure seamless, efficient and risk-free SAP implementations. As businesses in Australia increasingly adopt SAP S/4HANA, the need for robust testing solutions has never been greater. Panaya and Tritusa are combining their strengths to meet this demand. Panaya's cutting-edge AI-powered solutions, paired with Tritusa's comprehensive SAP testing services – including Test Management & Governance, Test Assurance, Functional Testing, Test Automation, and Performance Testing – offer a powerful, 360-degree, suite of solutions for organizations looking to optimize their SAP testing processes. This partnership allows businesses to leverage Tritusa's local expertise and Panaya's innovative technology to improve test quality, test environment readiness, and overall test effectiveness. Organizations can now accelerate their SAP projects with confidence, ensuring high-quality outcomes and minimal disruption to their operations. Shabi Levi, Head of Global Channels and Alliances at Panaya, shared his appreciation for the collaboration: "We are very pleased to partner with Tritusa to bring our AI-driven testing solutions to the Australian market. Tritusa's deep understanding of SAP testing and their commitment to quality make them an ideal partner. Together, we will empower Australian businesses to achieve faster, more reliable SAP transformations." Jag Sothivel, Technical Director at Tritusa, also highlighted the value of the partnership: "Partnering with Panaya allows us to offer our clients state-of-the-art testing solutions that go beyond traditional approaches. Panaya's technology perfectly complements our testing services, and we look forward to delivering outstanding results for our customers." About TritusaTritusa is an Australian company, specializing in SAP Testing and Quality Assurance. They focus on a comprehensive array of SAP Testing & Assurance services, including Test Management & Governance, Test Assurance, Functional Testing, Test Automation and Performance Testing & Engineering. They go beyond traditional SAP testing approaches and assist their customers to improve their test data quality, test environment quality, and test user quality, ensuring seamless testing outcomes. About PanayaPanaya, a SaaS-based company certified by SAP, Oracle, and Salesforce.com, offers an all-in-one platform for Smart Testing solutions and Change Intelligence tailored for ERP, CRM, and cloud business applications. Panaya accelerates and de-risks digital landscapes with AI-powered Test Automation, Test Management, and Impact Analysis. Panaya's focus on ease of use and an intuitive interface ensures seamless collaboration between business and IT, empowering business users and IT professionals to gain real-time visibility and control over their projects. This capability enables faster releases and continuous delivery of high-quality software. Since its founding in 2006, over 3,000 companies across 62 countries, including a third of the Fortune 500, have trusted Panaya to drive rapid, quality testing and change management in their enterprise business applications. For more information, contact Panaya at marketing@panaya.com or visit www.panaya.com. For media inquiries, contact Dana Averbouch, daverbouch@panaya.com.
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Hydrexia Founder and CEO Receives Top Industry Recognition
SHANGHAI, Dec. 2, 2024 /PRNewswire/ -- The "2024 Forbes China New Era Disruptive Founders" selection is announced today, and Alex Fang, the founder, chairman and CEO of Hydrexia Holding Limited is listed in recognition of his outstanding contributions to the hydrogen industry. This recognition, presented by Forbes China in collaboration with the Global Business Research Center (GBRC), honors visionary entrepreneurs who are revolutionizing industries through creative thinking and disruptive achievements. The Forbes selection process started 8 months ago. The selection committee took into consideration criteria pertinent to business achievement, industry contributions, disruptiveness, innovation ability, and social responsibility of all founders nominated. Final 100 finalists in their respective industries were selected. With the entrepreneurship spirit of the new era and strong sense of social responsibility, Forbes hails the selected founders as not only industry achievers but also disrupters through innovation and leadership. "I am extremely honored and humbled to be selected. It is indeed a recognition of our team that has been pushing for the advancement of hydrogen industry through technology innovations, "said Alex Fang, the founder and the chief executive officer of Hydrexia. "We will continue our efforts in technology innovations with a focus on meeting customer needs in the global market," Fang added. With his in-depth knowledge of the global hydrogen industry and unique innovative management concept, Fang has demonstrated his insightfulness into market trend, and led Hydrexia to have achieved remarkable results both on technology and business fronts. Under the leadership of Fang, Hydrexia rolled out its industry breakthrough magnesium-based solid-state technology for hydrogen storage and transportation in 2023 to effectively address the hydrogen industry bottlenecks. On the business operation side, Hydrexia has emerged as one of top companies in offering hydrogen technology solutions on the global stage. The company's business operation has successfully expanded into Southeast Asia, Australia, Japan, Europe, and North and South America. This honor serves as not only a high recognition for Fang's outstanding leadership, but also a solid proof of Hydrexia's strong competitiveness and influence in the global market. About Hydrexia Hydrexia Holding Limited is a leading global integrated hydrogen technology solution provider. The company specializes in providing technology solutions for hydrogen production, storage, transportation, and end-use applications. Leveraging its solid R&D capabilities and industry-leading technology, Hydrexia aims to effectively address the technology and application needs across the global hydrogen industry value chain.
