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Quick Heal joins forces with RevBits to strengthen its cybersecurity portfolio
The strategic partnership opens new markets for both Quick Heal and RevBits to deliver superior protection to an expanded customer base MINEOLA, N.Y., Aug. 15, 2022 /PRNewswire/ -- Quick Heal Technologies, a leader in the cybersecurity space, has collaborated with RevBits to address the advanced protection need for an on-premise infrastructure of government organisations. The partnership will help Quick Heal enhance its Seqrite product portfolio while enabling RevBits to expand its market presence in India. The association also aims to help government organizations that prefer to run their critical systems on-premise rather than in the cloud, thereby ensuring that they operate safely and seamlessly without the fear of cyberattacks. Dr. Sanjay Katkar, Joint MD & CTO, Quick Heal Technologies Ltd, said, "We are delighted to partner with a leading cybersecurity solution provider like RevBits, well-known for its unique three-phase detection method that can protect businesses even from the most sophisticated attacks. It also complements our existing suite of Seqrite security solutions and will help us further strengthen our Seqrite product portfolio to offer the best cybersecurity solutions to our customers. At Quick Heal, we strive to innovate ourselves in sync with the ever-evolving threat landscape and devise solutions that exactly fit this purpose. We will continue collaborating with more such players to augment our products and services, cementing a leadership presence in the market today, tomorrow and beyond." David Schiffer, CEO, RevBits, said, "We are extremely proud to be selected by a company with the size and reputation of Quick Heal. They are the leading EPS provider in India with 80% of the market share, and their solutions are available in more than 40 countries through international offices and thousands of channel partners. The combination of RevBits technology and the reputation and market coverage of Quick Heal Technologies will definitely prove to be a winning combination. Conservative projections point to additional revenue for RevBits of over $10 million ARR over the next three years, with large upside potential". About RevBits Established in 2018, RevBits is a comprehensive cybersecurity company dedicated to providing customers with superior protection and service. RevBits delivers protection against the most sophisticated cyber threats companies face by offering multiple advanced security capabilities that can be administered through a unified security platform. RevBits is headquartered in Mineola, NY, with offices in Princeton, NJ, Boston, MA, London (England), and Antwerp (Belgium). For more information on RevBits please visit www.revbits.com/aboutrevbits. About Quick Heal Technologies Ltd. Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is a leading IT security solutions company. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customized to suit consumers, small businesses, government establishments and corporate houses. Over a span of 26 years, the company's R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning-enabled solutions stops threats, attacks and malicious traffic before it strikes. This considerably reduces the system resource usage. The security solutions are indigenously developed in India. Quick Heal Antivirus Solutions, Quick Heal Scan Engine, and the entire range of Quick Heal products are proprietary items of Quick Heal Technologies Ltd. Contact: Neal Hesterberg neal.hesterberg@revbits.com
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Cisco Applauded by Frost & Sullivan for Delivering an Integrated Secure Cloud Solution with Its Cisco Umbrella Secure Internet Gateway Packages
Cisco Umbrella Secure Internet Gateway provides robust cloud-delivered security and compliance protection with high scalability, fast performance, rock-solid reliability, and simple deployment. SAN ANTONIO, Aug. 15, 2022 /PRNewswire/ -- Frost & Sullivan recently assessed the global secure web gateway industry and, based on its findings, recognizes Cisco with the 2022 Global Secure Web Gateway Enabling Technology Leadership Award. Cisco offers a broad set of security capabilities – featuring a function-rich secure web gateway (web proxy) – via a single cloud-delivered service to compete effectively in the secure web gateway (SWG) market. Cisco innovates continuously, and the key differentiators in its features and/or strategic developments set it apart from its competitors. Cisco's integrated secure cloud solution meets customers' need for scalable security framework that integrates and consolidates multiple security capabilities into one platform. As customers evolve toward a Secure Access Service Edge (SASE) approach to security, Cisco Umbrella's SWG capability is foundational for converging security, networking (e.g. SD-WAN), and Zero Trust for better, more flexible security. 2022 Global Secure Web Gateway Enabling Technology Leadership Award The SWG functionality can proxy all web traffic for greater visibility and control. It logs all activity, protects against viruses and malware, and enforces acceptable use policies. It also scans traffic to detect and block known malicious destinations. Files are scanned and known bad items blocked. New or suspicious files can be routed to a sandbox for deeper inspection and retrospective alerts can be generated if a file starts to display bad behavior. The key differentiators of Cisco Umbrella Web Security include: Cisco Umbrella Secure Internet Gateway (SIG) integrates a variety of security functions into one cloud-native service, including SWG, cloud-firewall, cloud access security broker (CASB) functionality, DNS-layer security, data loss prevention (DLP), remote browser isolation (RBI), and more. Rated #1 in security efficacy multiple years in a row by AV-TEST Real-time threat intelligence from Umbrella's global network plus Cisco Talos, the largest private threat intelligence organization in the world File inspection, sandboxing and retrospection with Secure Malware Analytics and Secure Endpoint An aggressive roadmap of new features "Cisco's Umbrella solution is fully cloud-based and is at the core of the company's broad portfolio of cloud-based solutions that have markedly expanded over the last decade. With a tighter integration between email, web, and app security for end-to-end protection, Cisco effectively responds to attackers' increasing volume and sophistication of web-based threats," said Tony Massimini, a senior industry analyst. Cisco Umbrella and its SWG capability protect against high-volume commodity attacks and guard against sophisticated, targeted, and evasive threats that require real-time detection and prevention—all without sacrificing user productivity. The company's large number of Points-of-Presence (PoPs) enable it to cover a broad global footprint to meet the data privacy regulations in various countries and regions. The SWG functionality provides scalable and rock-solid cloud delivery of a web proxy, with better cloud resilience, and high scalability and data throughput rate for great performance as customers scale-up workloads and add more endpoints. According to Massimini, "Cisco has held a large market share position and outperformed the market, gaining a 10.4% market share and a number three ranking. This achievement is quite impressive as SWG is a rapidly growing and competitive market that demands continuous innovation." The company's overall strategy of tight integration across its broad product portfolio has contributed to its success, while its networking and cloud business is key in the development of the SWG platform—an integral component of its SASE journey. With its strong overall performance, Cisco earns Frost & Sullivan's 2022 Global Enabling Technology Leadership Award in the secure web gateway industry. Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient's technology. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact: Claudia ToscanoP: 1.956.533.5915E: claudia.toscano@frost.com About Cisco Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Newsroom and follow us on Twitter. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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How MAXHUB built its channel through a genuine commitment to the ANZ market
SYDNEY, Aug. 15, 2022 /PRNewswire/ -- As a relatively recent entrant to the professional A/V market in Australia, MAXHUB has focused on building a robust channel to tackle the incumbency advantage of the existing players in the space. Thanks to a firm commitment and meaningful resources being put behind that channel, both MAXHUB and its partners have enjoyed rapid growth. That support has taken the form of having an "on-the-ground," presence in Sydney, Melbourne, and Brisbane. In addition, the company provides local marketing, pre-sales and after-sale service support, and technical assistance to its partners. Finally, it runs a comprehensive MAPS partner program – a three-tier program with sliding scales for rewards that allow partners to access discounts, volume business, and lead generation, with additional bid registration there to protect their opportunities. This investment has seen the MAXHUB partner network grow to over 120 partners across Australia, and now the company is eying off further growth, both in terms of the distribution network, as well as the product suite that they can bring to market. Integrate convention to showcase new innovation from MAXHUB From 17-19 August, MAXHUB will be attending the Integrate convention at the ICC Sydney. MAXHUB will be at the event as part of its commitment to its channel, and will be showcasing a range of new technologies across UC, and even a new product line for the ANZ market. MAXHUB is presenting this as an opportunity for decision makers to get a hands-on experience with the cutting edge of what the company is bringing to market, and an opportunity for its partners to have a renewed conversation with their customers about their A/V setup. Bringing new innovation to the channel MAXHUB's technology has been recognised for its innovation, build quality. For example, this year the company's flagship UC M40 product was recognised by the prestigious Red Dot awards. To achieve accolades such as this, MAXHUB maintains a Research Institute and significant R & D spending. It combines deep understanding of the niches that it targets to deliver technology that addresses genuine customer pain points with collaboration. MAXHUB's growth plans include adding more channel partners and continuing to expand their scope across Australia. For more information on the company, its channel program, and technology, be sure to visit the MAXHUB team at their Integrate booth. Learn more about MAXHUB ANZ, click here
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DEKRA Taiwan signs Authorized Test Laboratory agreement with Wi-Fi Alliance®
TAIPEI, Aug. 15, 2022 /PRNewswire/ -- DEKRA Taiwan to expand DEKRA international Authorized Test Laboratories (ATL) for Wi-Fi Alliance certification programs and will soon provide Wi-Fi® certification testing for manufacturers implementing wireless connectivity technologies on their products. "As a long-time partner of Wi-Fi Alliance®, we are excited to begin set up the new Wi-Fi ATL laboratory in Taiwan and strengthen our leadership position in APAC. Vendors can also use our Taiwan laboratory to profit from our Cellular, Bluetooth, LoRa, CTIA, Carriers and Connected Driving testing services as well as certification programs of some Big Tech companies. Performing both regulatory and industry association tests – and soon to offer Wi-Fi CERTIFIED™ testing for Wi-Fi Alliance – will make our Taiwan laboratory a true one-stop-shop, where customers can obtain everything from a single source", says Aaron Lee, Managing Director, DEKRA Taiwan. "Wi-Fi CERTIFIED devices have undergone rigorous testing to validate interoperability with other Wi-Fi equipment and provide a better customer experience," says Edgar Figueroa, President and CEO, Wi-Fi Alliance. "DEKRA's expanded network of Authorized Test Laboratories play a critical role in delivering high-quality Wi-Fi products globally by helping ensure they meet robust interoperability and security requirements based on industry-agreed standards." The initial ATL certification program scope of the forthcoming DEKRA Taiwan ATL includes Quicktrack, Protected Management Frames, Wi-Fi Agile Multiband™, Wi-Fi CERTIFIED 6™, Wi-Fi CERTIFIED ac, Wi-Fi CERTIFIED n, WPA3™ / Wi-Fi Enhanced Open™, Security Vulnerability Detection and Wi-Fi Protected Setup™. Additional Wi-Fi Alliance certification programs will be added to the service portfolio once the initial offerings are available. DEKRA offers a full scope of testing and certification services of Wi-Fi products. The ATL in Taiwan complements the existing international network of DEKRA ATLs in Shenzhen and Málaga. About DEKRA DEKRA has been active in the field of safety for almost 100 years. Founded in 1925 in Berlin as Deutscher Kraftfahrzeug-Überwachungs-Verein e.V., it is today one of the world's leading expert organizations. DEKRA SE is a subsidiary of DEKRA e.V. and manages the Group's operating business. In 2021, DEKRA generated preliminary sales totaling almost EUR 3.5 billion. The company currently employs around 48,000 people in approximately 60 countries on all continents. With qualified and independent expert services, they work for safety on the road, at work and at home. These services range from vehicle inspection and expert appraisals to claims services, industrial and building inspections, safety consultancy, testing and certification of products and systems, as well as training courses and temporary work. The vision for the company's 100th birthday in 2025 is that DEKRA will be the global partner for a safe, secure, and sustainable world. With a platinum rating from EcoVadis, DEKRA is now in the top one percent of sustainable businesses ranked.
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Heading towards Net Zero carbon, SWAP Energi Indonesia collaborates with bp AKR Fuels Retail to accelerate Indonesia electrical vehicle ecosystem
JAKARTA, Indonesia, Aug. 15, 2022 /PRNewswire/ -- The collaboration between PT. SWAP Energi Indonesia and bp AKR Fuels Retail has committed to provide battery swapping stations (SWAPPoin) for 2 wheels, electric-vehicles across bp service stations. Starting with bp Metland Cybercity Greenlake, electrical motorcycle users are now able to enjoy the easy process of swapping batteries. This collaboration aims to be the solution for electrical motorcycle commuters, as well to support the growth of electrical vehicle ecosystem in Indonesia. PT. SWAP Energi Indonesia and bp AKR Fuels Retail has committed to provide battery swapping stations (SWAPPoin) for 2 wheels’ electric vehicle across bp service stations. By synergizing with bp AKR Fuels Retail, SWAP Energi Indonesia provides the optimal solution for electrical motorcycle commuters. bp AKR Fuels Retail share the same opinion, where this collaboration will push the growth of the two-wheeler's Infrastruktur Kendaraan Bermotor Listrik Berbasis Baterai (KBLBB) in Indonesia. By providing innovation within transportation, the public's need for mobility can now be fulfilled through electrical motorcycles. This collaboration between SWAP Energi Indonesia and bp AKR Fuels Retail demonstrates their commitment to the social life of the community and environment in Indonesia. Irwan Tjahaja, founder of PT SWAP Energi Indonesia, states that the presence of Swap Points in bp AKR will become an important access point to electrical motorcycle users as they will be able to swap their batteries within a timeframe of 9 seconds, becoming the solution to range anxiety. "We warmly welcome the collaboration between us and SWAP Energi Indonesia as an effort to reduce carbon emissions as well to create an eco-friendly environment for the general public. Through this commitment, bp as one of the largest integrated energy companies in Indonesia support battery swapping system (via the SWAP Points) in bp service stations to present a brighter future for the people of Indonesia, as well to collectively achieve our ambitions towards net zero target." Said Peter Molloy, bp AKR Fuels Retail President Director. Currently SWAP Energi Indonesia is in close collaboration with SMOOT Motor Indonesia to showcase a "Smart" Electrical motorcycle which is fully integrated with SWAP's Battery system and application, which is capable of features such as locating battery swapping stations. Interestingly, SMOOT Electrical Motorcycle users are able to swap batteries in SWAP's stations completely for free and they won't have to worry about the batteries as they have a lifelong warranty.
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Mouser Electronics New Product Insider: Over 20,000 New Parts Added in Second Quarter of 2022
Global Distributor Leads in New Product Introductions SHANGHAI, Aug. 15, 2022 /PRNewswire/ -- As an authorized distributor, Mouser Electronics, Inc. is focused on the rapid introduction of new products and technologies, giving customers an edge and helping speed time to market. Over 1,200 semiconductor and electronic component manufacturer brands count on Mouser to help them introduce their products into the global marketplace. Mouser's customers can expect 100% certified, genuine products that are fully traceable from each manufacturer. Last quarter, Mouser launched more than 20,000 part numbers ready for shipment, including over 14,000 in April alone. Some of the products introduced by Mouser from April through June include: Microchip Technology PIC16F171 8-Bit Microcontrollers Microchip PIC16F171 microcontrollers feature advanced analog peripherals, which make them specifically well-suited for raw sensor applications requiring signal gain or filtering. ScioSense Air Quality Module APC1 Air Purification Combo ONE ScioSense APC1 is a compact, box-shaped, all-in-one environmental sensor solution to precisely measure particulate matter and aerosols, volatile organic compounds, temperature, and humidity. Lumileds LUXEON HL2Z High-Power LEDs Lumileds LUXEON HL2Z are 2 mm × 2 mm, high-power, undomed LEDs designed to provide leading flux density, and high luminance. Amphenol Times Microwave Systems HPQD™ & MPQD™ Quick Disconnect Connectors Amphenol Times Microwave Systems HPQD and MPQD quick disconnect connectors feature an operating frequency of DC to 1.0 GHz with a voltage rating of 2700 VRMS. To see more of the New Product Insider highlights, go to https://www.mouser.com/newproductinsider. About Mouser Electronics Mouser Electronics, a Berkshire Hathaway company, is an authorized semiconductor and electronic component distributor focused on New Product Introductions from its leading manufacturer partners. Serving the global electronic design engineer and buyer community, the global distributor's website, mouser.com, is available in multiple languages and currencies and features more than 6.8 million products from over 1,200 manufacturer brands. Mouser offers 27 support locations worldwide to provide best-in-class customer service in local language, currency and time zone. The distributor ships to over 650,000 customers in 223 countries/territories from its 1 million-square-foot, state-of-the-art distribution facilities in the Dallas, Texas, metro area. For more information, visit https://www.mouser.com/.
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EcoFlow Launches Modular Power Solutions for RVs and Tiny Houses
The compact EcoFlow Power Kits are simple in setup and support a variety of charging methods SYDNEY, Aug. 15, 2022 /PRNewswire/ -- EcoFlow, a portable power and renewable energy solutions company, today launched EcoFlow Power Kits for RVs and tiny houses in Australia. Simple in setup, the EcoFlow Power Kits simplify the demanding installation process of existing custom power solutions, allowing users to tailor their own settings that best fit their power needs with compact and smart modules. "The EcoFlow Power Kits are designed to make creating custom power solutions easier than ever," said Thomas Chan, R&D Director at EcoFlow. "EcoFlow wants to offer energy solutions that can be personalized to users' exact needs, whether they are in an RV, tiny house, or retrofitting their workshops." Modular and expandableThe EcoFlow Power Kits come with two basic modules – the EcoFlow Power Hub, which acts as the central node for all inputs and outputs, and EcoFlow's 2K/5KWh LFP Batteries. Based on actual power needs, the EcoFlow Power Hub can connect to up to three LFP Batteries, which together offer a base capacity of 2KWh and are expandable to 15KWh, allowing users to power an RV for 18 hours and a tiny house for 11 to 14 hours[i]. In addition, the EcoFlow Power Kits can be bundled with three types of solar panels, including the 100W Rigid/Flexible Solar Panel and the 400W Rigid Solar Panel. By pairing the EcoFlow Power Kits with the solar panels, customers can achieve a maximum 4800W solar input which can fully charge a 15KWh capacity in about 3 hours, and enjoy a sustainable lifestyle off-grid. For more control, the EcoFlow Power Kits can be enhanced with the AC/DC Smart Distribution Panel which connects to up to six home/RV AC circuits and 12 DC circuits. Once connected, users can monitor the power consumption of all 18 circuits and control six of the DC circuits, all via the optional Power Kit Console or EcoFlow app. Simple setup With dozens of modules, most modular power solutions will take an experienced user 10 to 15 hours to install. In comparison, the EcoFlow Power Kits contain no more than four modules (not including solar panels) and fewer wires, making the installation process three times faster than the industry average[ii] while reducing the risk of incorrect wiring. Fast and multiple charging EcoFlow Power Kits can be charged via six different power sources including solar panels, the EcoFlow Smart Generator, alternators, shore power, the grid, and traditional generators. With various charging methods and the ability to fully recharge a 15KWh capacity with a 6000W input in 2.5 hours, the EcoFlow Power Kits free users from low-battery anxiety during their RV road trips or when living in an off-grid tiny house. Advanced 48V system The EcoFlow Power Kits utilizes a unique 48V system compared to traditional 12V systems. This allows the EcoFlow Power Kits to enhance the user experience on multiple levels including safety, energy efficiency, versatility, and ease of use. Safety and energy efficiencyUnder the same output power, the 48V system has only a quarter of the electric current flowing through its cables compared to traditional 12V systems, resulting in one sixteenth power loss, and thinner and more convenient cables. VersatilityThe 48V system allows the EcoFlow Power Hub to achieve a maximum 3600W output to power heavy-duty appliances including air conditioners, water heaters, and hair dryers. Ease of useThe EcoFlow Power Hub can easily replace 12V systems since it comes with a step-down DC-DC module for those who have already installed power system in their RVs. Integrated and compact The EcoFlow Power Hub is the industry's first five-in-one central power system that integrates two Maximum Power Point Tracking (MPPT) solar charge controllers, one battery charger with MPPT, one inverter-charger, and one DC-DC step-down converter. With fewer components, the EcoFlow Power Hub makes it easy for users to expand or scale down their own EcoFlow Power Kits. On top of that, the EcoFlow LFP Batteries are designed to be stackable. To save space, users can stack up to three LFP Batteries. Choose your own Kit The EcoFlow Power Kits come in three different packages to best suit user needs. Starting with the Get Set Kit, users can have their basic power needs covered with the EcoFlow Power Hub and LFP Batteries. Going a step further, the Prepared Kit adds the AC/DC Smart Distribution Panel to the mix to provide users circuit-level control over their energy consumption. Lastly, for the best user experience and greatest power needs, the Independence Kit provides every aforementioned module with the addition of the Power Kit Console. Each of the three kits come with five bundles of different capacities from 2KWh to 15KWh, making for 15 bundles in total. Customers can choose the bundle that best fits their power needs with the help of EcoFlow's Power Calculator, which will be live once the pre-sale starts on August 15. Customers can purchase the Power Kits at early bird prices during the pre-sale period from August 15 to September 15. For example, the 5KWh Prepared Kit and Independence Kit will be sold at $9,897 and $9,997 respectively during pre-sale, and will be retailed at $11,097 and $11,397 once the pre-sale ends. About EcoFlow EcoFlow is an eco-friendly energy solutions company. Since its founding in 2017, EcoFlow has provided peace of mind to customers in over 100 markets through its DELTA and RIVER portable power stations and varied accessories. EcoFlow's mission is to reinvent the way the world generates, stores and uses energy through creative, environmentally-conscious innovation. [i] RV and off-grid tiny house power usage times are based on estimates that, on average, an RV uses 20KWh of electricity a day, and an off-grid tiny house uses 25 to 33KWh a day. [ii] The installation times for EcoFlow Power Kits and competing products are based on EcoFlow's internal testing. Actual user experiences may vary.
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BLUETTI Officially Unveils EB3A Solar Generator
SYDNEY, Aug. 15, 2022 /PRNewswire/ -- BLUETTI has announced a new portable power station - EB3A in Australia, boasting ultra-fast charging capability, upgraded LiFePO4 battery, sufficient outputs and smart power management. Keep reading to check out why EB3A stands out. BLUETTI EB3A Launched in Australia! What's So Special About EB3A Super Fast Recharging (30 minutes to 80%)0 to 80% in only 30 minutes(AC+solar). Turbo Charging makes sure the EB3A is always ready. Ultra-durable 268Wh LiFePO4 BatteryProvides 2,500+ life cycles, better performance, and less environmental impact. 600W/1200W(Surge) InverterEnsures a super fast recharge and offers less downtime but more do-time. 8 Output PortsEnough to cover basic needs.1×AC (600W in total)1×100W USB-C2×15W USB-A2×DC55211×12V10A cigarette lighter1×Wireless charging pad 200W Solar InputFully recharge the EB3A with PV200 solar panel in just two hours. Go for an off-grid living anytime with no fear of losing power and high cost. Intuitive AppAllows for a quicker access to the device and presents real-time information on every vital metrics. Smart Battery Management SystemMonitors and protects EB3A from risks like short circuit, over-current, over-voltage, overload or overheating. Designed with Portability In MindEB3A is a compelling option with weighing only 4.6kg whether working around the house or heading out to the nature. When to Use EB3A Power OutagesNo worries about power outages. EB3A holds enough juices to keep essentials (phone, light, and fridge) running until power comes back on. Outdoor Recreations & AdventuresFor outdoorsy type people, bringing an EB3A is always a safe bet. Powering cameras, drones, smartphones, laptops or GPS devices at ease. Where To Buy & How Is Delivery? BLUETTI offers quality performance at a price that won't break the bank. Just join BLUETTI group on Facebook or subscribe to BLUETTI's newsletters and get the early bird price. Check out the debut price and other BLUETTI products on https://www.bluettipower.com.au/. About BLUETTI With over 10 years of experience in the energy storage industry, BLUETTI is committed to building the world's best power stations for van dwellers, explorers, and off-grid life. For more information, please visit BLUETTI at https://www.bluettipower.com.au/
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Huion Unveils a Innovative Bluetooth Pen Tablet with Dual Dial Controllers: Inspiroy Dial 2
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- On Aug 15, 2022 (Shenzhen, China), Huion, a leading supplier of digital drawing devices in the world, launches a new pen tablet Inspiroy Dial 2 (the successor of Inspiroy Dial Q620M). After listening to feedback from users, Huion not only optimizes the design of the dial controller but also adds one more dial controller on the tablet, which helps to improve the productivity of users. New Dual Dial Controllers: double users' efficiencyInspiroy Dial 2 features dual dial controllers and supports the quick-access Windows Radial Menu. Users can easily program them to perform various functions, including zooming in or out on the canvas, adjusting the brush size, undoing, scrolling through the pages, adjusting the volume, etc. The two dials that cooperated with the six-shortcut keys set will greatly facilitate users' workflow and lead to boundless creativity. PenTech 3.0 & New Paper-like Surface: enhance natural pen-on-paper experienceHuion Pentech 3.0 reduces the retraction distance by 40%, which ensures precise positioning, stable pen nib, and accurate drawing. Its battery-free EMR technology can get rid worries of users about charging it. Huion Pentech 3.0 combines with the optimized metta surface (the friction level is up 20%, enhancing the surface roughness), providing users a feeling like writing on an actual paper. Bluetooth 5.0: higher stability and compatibilityBoth wired and wireless (Bluetooth 5.0) options are provided for users. Bluetooth 5.0 is designed for low power consumption and owns a more stable network transmission speed. Inspiroy Dial 2 has a built-in 1300 mAh big battery, enabling users to use it for 18 hours. Inspiroy Dial 2 is also compatible with different systems: Windows, macOS, ChromeOS, Linux, as well as HarmonyOS and AndroidOS for phones. Today, tens of millions of people use Huion products to express their creative ideas around the world. To improve the drawing experience, Huion will continue to develop more innovative and practical products. For more information about Inspiroy Dial 2, please visit:https://www.huion.com/pen_tablet/InspiroyDial/inspiroy-dial-2.htmlhttps://store.huion.com/products/inspiroy-dial-2
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Rockwell Automation Study Finds Traceability, Serialization Key Initiatives in APAC Corporate Supply Chain Strategies
Asia-Pacific enterprises are the most affected by counterfeiting globally – 70% reported 11-60% loss of sales income each year Eighty-three percent of supply chain professionals believe proper traceability/serialization of their company's products is very or extremely important to staying competitive Forty-five percent of companies that have invested in serialization methods have seen over 31% increase in sales due to serialization SINGAPORE, Aug. 15, 2022 /PRNewswire/ -- Rockwell Automation, the world's largest company dedicated to industrial automation and digital transformation, finds that digital transformation, sustainability initiatives, and customer experience (CX) improvements are among the top priorities driving the development of new corporate supply chain strategies, according to a new study conducted by Forrester Consulting. The study, "Increase Brand Loyalty and Generate ROI with Improved Traceability," was commissioned by Rockwell Automation to understand the degree to which environmental, social, and governance (ESG) commitments, external regulatory demands, and brand reputation drive private-sector interest in supply chain traceability solutions. According to the survey, Asia-Pacific companies (62%) are most focused on the digital transformation of their supply chain, and 59% said their company wants to implement or improve sustainability initiatives. While compliance remains a key driver of new investments in supply chain management, demands related to sustainability and customer experience have propelled these strategic shifts. In fact, 57% of supply chain decision makers have already implemented or are expanding initiatives that will reduce waste within their supply chain. Key findings of the survey include: Sustainability and visibility lead the charge for better customer experience. While some companies are knee deep in their digital transformation efforts, those types of efforts are evolving for the current landscape. Companies are turning to traceability to enable new sustainability and visibility related CX initiatives. Eighty-three percent of respondents said proper traceability and serialization of their company's products is very or extremely important to staying competitive in the market. Traceability initiatives remedy counterfeiting and diversion. When it comes to counterfeiting, Asia-Pacific companies are most affected, with 70% of respondents from the region reporting that their company annually loses 11% to 60% of sales income. This compared to 54% of respondents from companies in EMEA and 44% from North America that reported similar losses. Additionally, 89% of respondents globally said grey market diversion is problematic for them. The enterprises that have invested in methods of serialization as a solution have benefited from a boost in business; nearly half (45%) of respondents said their company has seen a rise of over 31% in sales income, attributed directly to serialization. An enterprise's success hinges on full supply chain visibility, swift product recalls, and better brand loyalty. Seventy-nine percent of respondents said full visibility into where products are in the supply chain are critical or important to their company's success, while 78% said the same for the ability to quickly recall the right products. In addition, 77% cited brand loyalty improvement through better product management. "This study confirms that enterprises are experiencing how traceability can nurture brand loyalty and optimize their supply chains, as well as mitigate the impact of counterfeits in key markets, among other priorities," said Matt Fordenwalt, vice president and general manager, systems & solutions, Rockwell Automation. Forrester Consulting's research on behalf of Rockwell Automation is based on a January 2022 survey of 307 global supply chain decision makers about their use of or interest in traceability and serialization solutions to optimize their supply chain. To download a copy of the full report, click here. "While companies are already seeing some success from serialization initiatives, those that invest in more comprehensive traceability solutions often see improved data ownership, cost savings from reduced counterfeiting and grey market diversion, and higher customer satisfaction," said Christine Akselsen, CEO of Kezzler. Rockwell Automation's supply chain capabilities combined with Kezzler's cloud-based traceability technologies help customers connect suppliers, manufacturing, logistics, and consumers into one real-time traceability platform. Rockwell and Kezzler have already created traceability solutions for customers like FrieslandCampina, one of the world's largest dairy companies. About Rockwell Automation Rockwell Automation, Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 25,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit www.rockwellautomation.com.
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Affinidi and Avvanz Sign MOU to Streamline Employment Background Checks in Singapore
SINGAPORE, Aug. 15, 2022 /PRNewswire/ -- Affinidi, a decentralised identity solutions provider founded by global investment company Temasek, today announced the signing of a Memorandum of Understanding ("MOU") with Avvanz to jointly establish and issue verifiable credentials ("VCs"), an open standard for tamper-evident digital credentials, to help simplify employment background checks for employers and job candidates in Singapore and the rest of the globe. The partnership aims to simplify the recruitment process by leveraging cryptography and decentralised technology to verify and authenticate job applicants' identities and credentials. Under the MOU, Affinidi will provide its expertise in digital credentialing through its mobile app and digital wallet Ceal, where job seekers will be able to convert their physical documents into VCs, and store them securely on mobile phones using decentralised technology. Users can also build and manage his or her digital identity on the Ceal platform and control what information to share and when to share it. Employers can access and verify the VCs easily whenever a job application is submitted. As VCs can be validated digitally as opposed to manually checking hard copy documents and certificates, the verification process is expected to be reduced by at least 50 per cent. Avvanz will bring its capabilities in human resources consulting and talent management solutions to the partnership, specifically the ability to conduct more than 20 different types of background checks spanning 150+ countries (in other words, the subject to be background checked can be from any part of the world) through Avvanz's flagship product, ScreenGlobal. Verified checks can be stored in Avvanz's Blockchain based ledger – ScreenChain. Avvanz's technologies are expected to be integrated with Affinidi's technologies, and expected to enable employers to view the authenticity of pre-verified checks in seconds. The MOU was inked against the backdrop of a bullish employment market and a favourable hiring outlook in Singapore. According to the Ministry of Manpower, as many as 128,000 jobs were estimated to be unfilled in the first quarter of 2022, with PMET positions made up of 56 per cent of vacancies. "As we move closer to the next generation of web technologies and the promises of what Web3 innovations may bring, it is critical to establish trust in the digital world by empowering people to secure and control their digital identities, without falling into the wrong hands," said Glenn Gore, CEO of Affinidi. "Verifiable credentials can help reduce the time and cost for organisations while offering accessibility and convenience to users. Our partnership with Avvanz is poised to offer significant benefits to both employers and employees in the long term." The hiring process can take as long as 68 days to complete on average, according to a study conducted by Randstad, with employers and recruiters citing manual filtering through candidates applying without the relevant skillsets and long screening times to verify the authenticity of resumes as challenges. "Technological innovations can help solve problems and detect falsifications during the hiring process," said Kannan Chettiar, CEO and co-founder of Avvanz. "Partnering with Affinidi will allow us to reinforce our capabilities and experience in performing background checks with improved accuracy and precision, which is crucial as Singapore is a global business hub that requires both local and international talent with diverse backgrounds." About Affinidi Affinidi is a core technology company that enables the creation, sharing, and verification of VCs that are portable and verifiable. Affinidi's solutions empower trusted institutions to issue VCs to users, who can provide consent to share their VCs with other institutions, applications, or service providers, for verification. By sharing these VCs, users can access valuable products and services across platforms and geographies in a trusted, open and interoperable manner. About Avvanz Avvanz is a multi-award winning HRTech + FinTech company that offers Technology based Background Checks and Company Due Diligence solutions. Avvanz is headquartered in Singapore with global offices and more than 2000 clients across Asia, Americas and Europe. It is led by Kannan Chettiar who has had a successful 26-years career in leadership positions in Technology and Professional Services companies across multiple countries.
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Globe, Eastern Communications, InfiniVAN kickstart Philippines' longest submarine fiber cable network
MANILA, Philippine, Aug. 15, 2022 /PRNewswire/ -- Leading Philippine digital solutions platform Globe, premier telecommunications and ICT solutions provider Eastern Communications, and growing telecommunications and digital solutions provider InfiniVAN marked a milestone on Thursday, July 14, as they kickstarted the deployment of fiber cables to build the country's longest submarine fiber cable network. The $150-million Philippine Domestic Submarine Cable Network (PDSCN), a joint project among the three companies, aims to improve both mobile and broadband connectivity and fiberize previously unserved areas across the country's three main island groups. In ceremonies at Subic Bay in Zambales, executives of Globe, Eastern Communications, InfiniVAN, and Japanese vendor partner Kokusai Cable Ship Co. Ltd. (KCS), gave a simple sendoff to state-of-the-art ship Cable Infinity, the "number one high-technology cable ship in the world," according to KCS. The ship will ferry cables, manufactured by global fiber optic cable maker Nexans, that will cover the PDSCN, which has a total cable distance of roughly 2,500 kilometers or about the same distance between Manila and Singapore. It will be landing at several points across the country, including Sorsogon, Masbate, Marinduque, Camiguin, Siargao, Boracay, and Zamboanga, for undersea laying in 24 segments over the next 9 months. "We persevered and we're now almost there. This is the start of the cable laying. This is really exciting, it's such a beautiful milestone. May we always keep the connections strong," said Arlene Jallorina, Vice President for Strategic Infrastructure Investments for Globe Business, Enterprise Group. "We know there may be other challenges along the way. We hope we'll be able to work through them quickly and very much solidly as a group. We are doing this so that our customers will get equitable access to connectivity, wherever they may be in the country," said Jallorina at the kickoff event. Eastern Communications Co-coordinator Vince Tempongko cited the importance of the joint effort to boost life-enabling connectivity across the country. "What we are doing is not just for Globe, Eastern, or InfiniVAN but for the Filipino people. Providing equitable access to mobile and internet connection in all parts of the country has been our dream, and through this cooperation, we are finally at the cusp of realizing this goal," Tempongko said. Eastern Communications Co-coordinator Atty. Aileen Regio shared the many benefits this brings to the Filipino people. "We are very much hopeful that this project can be the answer that will open doors to great outcomes, solve the many challenges we are facing and be bigger than it already is," she said. InfiniVAN Chief Technology Officer Alberto "Abet" Espedido expressed gratitude to the companies and the working team. Together, Globe, Eastern Communications, and InfiniVAN took the crucial first step towards laying the cables after two years of planning and coordination. "I'd like to thank everyone for their perseverance, professionalism, experience and patience, we were able to get through all the challenges. And now we are finally starting this project to bring much needed connectivity all over the country," he said. Segments for the submarine cable network are expected to be completed by April 2023, and fiber connections will be activated thereafter. PDSCN is in line with the common goal of Globe, Eastern Communications, and InfiniVAN to expand their coverage across the Philippines to better serve their customers. To know more about Globe, visit www.globe.com.ph. Learn more about Eastern Communications via www.eastern.com.ph. And to know all about InfiniVAN, please visit www.infinivan.com/. About Globe: Globe is a leading full-service telecommunications company in the Philippines and publicly listed in the PSE with the stock symbol GLO. The company serves the telecommunications and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. It has major interests in financial technology, digital marketing solutions, venture capital funding for startups, and virtual healthcare. In 2019, Globe became a signatory to the United Nations Global Compact, committing to implement universal sustainability principles. Its principals are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region. About Eastern Communications: As one of the premier Philippine telecommunications companies, Eastern Communications has evolved into a world-class telecommunications and ICT solutions company providing an extensive portfolio of services that include Connectivity Solutions, Network Solutions, Security Solutions, Cloud and Data Center Solutions, and Business Applications. It continues to be the solutions partner of choice for the biggest industry players in the country through its unique brand of "High Tech" and "High Touch" service. Eastern Communications was awarded Telco of the Year in the 2020 Asia Leaders Awards and has received accolades from prestigious award-giving bodies such as The Stevie Awards program, Best Employer Brand Awards, Philippine Quill Awards, and the Anvil Awards, among others. About InfiniVAN: InfiniVAN, Inc. provides a business Internet user experience that is at par with global standards, delivered via end-to-end Fiber Optic Network Infrastructure that is fully redundant and backed up by experienced and reliable management as well as technical support team. InfiniVAN, Inc. also offers remarkable services at competitively-priced rates delivering quality Internet for business and ensuring ultrafast speed, reliable, and convenient connection to various types of businesses. InfiniVAN, Inc. commits to giving guaranteed Internet services by continuously harnessing its technology to showcase valued business Internet experience.
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USI Launches Ultra-Small Form Factor Mini-Workstation Motherboard
SHANGHAI, Aug. 15, 2022 /PRNewswire/ -- As the use of workstation computers is becoming increasingly prevalent throughout the industry, USI (SSE: 601231), a global electronics designer and manufacturing giant, has developed the Ultra-Small Form Factor mini-workstation motherboard, utilizing its placement & layout optimization technology. The host computer of a mini-workstation features efficient computation capacity and mobility, which allows customers to integrate their system into a small case. At the same time, it is equipped with high performance, flexible expandability, sufficient memory and storage devices, and the requisite reliability for a workstation. The integration of technologies has been a particular focus in the year 2022, according to the significant technology forecasts published by Gartner. Their projections also proposed six new concepts that impact the integration of future mainstream technologies, including Hyper Automation, Generative AI, AI Engineering, Cybersecurity Mesh, Distributed Enterprise, and Total Experience (TX). All these applications rely on efficient processors during the operation process to collect and analyze data. In addition, the rapid development of various AI scenarios and edge computing will continue to drive the demand for workstation computers. The Ultra-Small Form Factors mini-workstation motherboard was developed jointly by USI and its customers. It is designed to work on Windows and Linux® operating systems with higher levels of stability and safety. It is equipped with up to a 12th generation Intel®Core™ I9 vPro® processor and Intel®Xeon® processor, which can enhance data protection through ECC RAM. It also supports M.2 PCIe Gen 4 NMVe rapid storage. It is integrated with a standalone professional NVIDIA® Graphic card, allowing for use in the fields of machine learning (MI), artificial intelligence (AI) and deep learning (DL). The Associate Director of Computer Products Business at USI, Argus Chen, pointed out that the company's R&D team, boasting over 30 years of experience in X86 platform design, had utilized miniaturization technology to modularize specific functional circuits (e.g., the power supply control circuit, audio circuit, and I/O interface circuit), and ported the optimized design over to the Ultra-Small Form Factor mini-workstation motherboard. This imbued the motherboard with two advantages: a fixed motherboard size to reduce the development time and workforce resources invested by ID and mechanisms. Secondly, it is easy to integrate into a minor case, phase out among data centers, and significantly reduce building space. Combined with its rich experience in motherboard design and verification, USI has developed individual and workstation motherboards that can run on various computing products by optimizing the PCB layer stack-up and modular circuit layout. In addition to being used in small individual workstations for individual professionals, the Ultra-Small Form Factor mini-workstation motherboard can also help enterprises further integrate additional workstation systems and be more significant space and cost-efficient to make high-density, rack-based workstations in data centres a reality. About USI USI (SSE: 601231, A constituent of CSI300 Index), Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) modules. USI provides D(MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. With Asteelflash, USI has 27 sales, production and service locations across four continents of Asia, Europe, Americas and Africa, and offers customer diversified products in the sectors of wireless communication, computer and storage, consumer, industrial, medical and automotive electronics worldwide. USI is a subsidiary of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX). To learn more, please visit www.usiglobal.com and engage with us on LinkedIn and YouTube.
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2022 H1 Mobile App Selling White Paper Successfully Released
BEIJING, Aug. 13, 2022 /PRNewswire/ -- On July 4th, Dongli Bai from Reyun released the "2022 H1 Mobile App Selling White Paper". Since the first release of the "2017 Annual Game Selling White Paper", Dongli Bai, who is deeply involved in big data, has been releasing industry-selling white papers for many years, and the white papers he published are used as important and comprehensive data reference by mobile industry practitioners. Dongli Bai, the founder and CEO of Reyun Data In November 2013, Dongli Bai founded Reyun. He has been working in the field of game big data analysis for many years, and he is using industry-leading concepts and technologies to help game companies improve operational efficiency, retain paying users, reduce advertising costs, and improve the return on advertising. The strong technical advantage solves the customer problems that game companies are most concerned about, so his company was established only one year ago, and already has more than 3,000 users. At present, the share of Reyun in China's mobile game big data service market has exceeded 85%, which can be said to be a dominant one. Under Bai's leadership, Reyun has made outstanding contributions to the Chinese game industry, so his company has won many industry awards, including the 2015 Best Third Party Service Provider Award for the Game Industry, the 2015 Top Ten Outstanding Contribution Award for the Game Industry, and the 2015-2016 Most Influential Enterprise Award in China Internet and Big Data. In 2016, Bai led his team to create the original advertising data monitoring platform, TrackingIO. The types of customers of Reyun expanded from the game industry to finance, social, e-commerce, education, live streaming, O2O, real estate, life services, mobile operators, and many other fields. These companies need to invest a lot of money to buy traffic, and through TrackingIO monitoring platform, Reyun helps them save nearly 70% of the traffic cost. In addition to this, the TrackingIO monitoring platform can also connect the monitored market placement data and user behavior data, a feature that fills the gap in the industry and significantly improves customer retention for enterprises. The leading technology and more practical functions have kept TrackingIO in the first place among similar products in China. However, Bai encourages to continue to develop new products and build a complete advertising and marketing big data management system. He keeps the leading position in China in terms of concept and technology. At the end of 2019, Bai led his team to develop AdsDesk, an advertising intelligence placement platform where customers can achieve intelligent and efficient ad placement management. In the following year, the ad placement budget on this platform exceeded RMB 40 million per day. In 2020, Bai led his team to launch the ADinsight ad material intelligence monitoring service (later updated to CAS system), which helps Chinese companies going abroad to understand user preferences, ad placement trends, and ad platform quality in different countries and regions, so as to significantly improve ad placement effectiveness. In the same year, Bai also led his team to develop an A/B testing system to allow advertisers to achieve better placement results through testing and comparison of different solutions, thus making Reyun the first big data service provider in China to launch this service. This business was written into China's first A/B testing monograph "A/B Testing: Innovation Begins with Experimentation". Bai has led the rapid development of Reyun, and the company's data resources have covered more than 2.3 billion mobile devices, covered nearly 220,000 apps of all kinds, and providing services to tens of thousands of enterprises in dozens of fields. Reyun has become a well-deserved leader in China's big data service industry. Based on data, Bai has helped various industries achieve business growth with big data analysis, which has greatly contributed to the development of the industry. As a result, he has been awarded several industry honors such as the 2017 China Mobile Internet Leader, the 2017 GMGC Tianfu Award for Emerging Figures, the 2017 100 People of New Marketing, and the 2020 100 people of Entrepreneur of the Year. Under his leadership, the company and its products have also won more than 50 industry awards. Led by Bai, Reyun has not only helped Chinese companies expand rapidly in overseas markets, but also helped overseas brands do business smoothly in the large and complex Chinese market. In recognition of Reyun's innovation and leadership in China's big data services industry, Mobvista, the No. 1 mobile digital marketing platform in Asia and No. 3 in global reach, completed its acquisition of Reyun in 2021 for consideration of $1.5 billion. Along the way, for just less than 8 years, Bai has obtained a number of patents, created and released a series of national leading big data services, helped tens of thousands of enterprises in various industries to improve operational efficiency, saved high costs, and accelerated the innovation and development of enterprises. However, Bai is not satisfied with this, and he keeps running on the road of innovation. We look forward to seeing him using advanced big data solutions to help more companies grow and develop.
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CLPS Incorporation Appoints Srustijeet Mishra as CEO of CLPS California to Further Drive U.S. Business in the Next Stage of Growth
HONG KONG, Aug. 12, 2022 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced the appointment of Mr. Srustijeet Mishra as the CEO of CLPS Technology (California) Inc. ("CLPS California"), a wholly-owned subsidiary of the Company. He will be fully responsible for the development and management of business activities in the U.S. market, and will continue to serve as the CEO of the Company's business entities in the Southeast Asia region (referred to collectively as "CLPS SEA"). Mr. Mishra was the founder of Ridik, a Singapore-based IT services provider. He officially joined the Company upon initial acquisition of 80% of Ridik's equity stake in September 2019. Its increased financial returns and growing potential for business development led the Company to acquire the remaining 20% equity stake in Ridik, and at the same time, appointed him as the CEO of CLPS SEA in December 2020. Following the Company's global expansion strategy, he was appointed as the director and president of CLPS Philippines when it was established in September 2021. Mr. Mishra has more than 20 years of experience in the IT industry with expertise in providing professional IT services to financial and IT institutions across Southeast Asia and Europe. He holds an MBA degree from IILM Institute for Higher Education in New Delhi, India and a master's degree in Physics from Andhra University in Visakhapatnam, India. Mr. Raymond Lin, Chief Executive Officer of CLPS, said, "Mr. Mishra is a seasoned and accomplished industry veteran who is well suited to lead our U.S. business to new heights. With his extensive industry experience and management skills, we are optimistic that our overseas business will achieve greater success under his leadership." Established in January 2020, CLPS California has been providing IT services to some of the Fortune 100 companies in industries such as e-commerce, fintech, IT consulting, and IT services. Its team size has grown by 85%, and it has begun to generate revenue since fiscal year 2021. At present, the Company has set up delivery teams in India and Singapore, mainly focusing on providing IT consulting services to clients in North America. Further, it plans to utilize various engagement models with its existing and new clients in the U.S., including fixed-price model, turn-key financial solution, client specific Center of Excellence (CoE), offshore development center (ODC), service-level agreement (SLA), hybrid (onshore-offshore) model, build-operate-transfer (BOT) model, and managed services, among others. "The last few years have been challenging for companies around the world. The recurrent COVID-19 outbreaks have forced many business organizations to halt strategic initiatives and goals in favor of maintaining operations. For companies and entrepreneurs, restarting businesses and adopting the concept of the 'new normal' have opened up new perspective and ideas. It is a great opportunity for us as many companies start to develop long-term strategies for digital transformation, adopt emerging technologies, or move to new business model," said Mr. Mishra. "We are currently delivering most of the offshore projects for our U.S. clients from China. In addition, as we reposition CLPS as a global brand, we plan to extend our overseas operations from Asia to North America, further expanding our delivery network and delivery model. As a result, it will create a unique advantage for us in the U.S. market." He added, "With our extensive industry experience and long term working relationships with most of the big foreign banks and insurance companies in China and Singapore, we are confident of building a strong client base in the U.S. Geographically, we have grown across the SEA region with subsidiaries in Singapore, Malaysia and the Philippines, as well as in India with an ODC. By offering a variety of delivery approaches combined with the convenience of IT talent policy in these countries, we are not only able to give our clients across the globe with high standards of services, but also provide flexibility to meet their specific needs. For instance, Singapore is a preferred location for fintech projects, whereas semiconductor industry prefers India for embedded software projects. Therefore, having strategic locations allows us to maintain a favorable and long-term relationship with our clients. In addition, we have increased our investment in a range of products, including a new generation of loan system, CAKU credit card system and digital asset solutions for financial institutions, which will open up new opportunities and will enable us to quickly enter the North American market. Accordingly, we anticipate that our business in North America is poised to enter the next phase of growth." About CLPS Incorporation Headquartered in Hong Kong, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology ("IT") consulting and solutions service provider focusing on the banking, insurance, and financial service sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial service industry, including large financial institutions in the US, Europe, Australia, Southeast Asia and Hong Kong SAR, and their PRC-based IT centers. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi'an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining eight global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, Australia, India, and the Philippines. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, and Twitter. Forward-Looking Statements Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made. Contact: CLPS IncorporationRhon GalichaInvestor Relations Office Phone: +86-182-2192-5378 Email: ir@clpsglobal.com
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WeTrade Group Inc. Announces US$50 Million Sales of Monkeypox Virus Test Kits to Parkway Medical Limited
BEIJING, Aug. 12, 2022 /PRNewswire/ -- WeTrade Group Inc. ("Wetrade" or the "Company") (NASDAQ: WETG), an emerging growth company engaged in the business of providing software-as-a-services (SAAS) and cloud intelligent systems for micro-businesses, today announced the Company has entered into a sales agreement (the "Agreement") on August 11, 2022 with Parkway Medical Limited ("Parkway Medical") to sell monkeypox virus test kits and antigen tests for US$50 million. Pursuant to the Agreement, Parkway Medical agreed to purchase 5 million units of nucleic acid test (RT-LAMP) and 6 million units of antigen tests (Colloidal Golden Technique) for an aggregate amount of US$50 million, and Parkway Medical has paid US$1 million as deposit. Mr. Pijun Liu, Chief Executive Officer of the Company, commented, "We are excited about the sales of monkeypox virus kits and antigen tests to Parkway Medical after obtaining the exclusive sales channel from Jiqing Biomedical Technology Co. Ltd. It is important for us to be efficient so that we can take the lead to effectively tackle the challenges of the monkeypox outbreak. We are delighted to work with Parkway Medical to provide the test kits and antigen tests to overseas market as we aim to contribute to the prevention and control of the outbreak. With the support of our developed business ecosystem, we are optimistic about the future of Wetrade as it will definitely seize business opportunities and generate strong momentum for our growth." About WeTrade Group Inc. WeTrade Group Inc. is a technical service provider of SAAS and Cloud Intelligent System for micro-businesses, and a pioneering internationalized system in the global micro-business cloud intelligence field and the leader, innovator and promoter of the world's cloud intelligent system for micro-businesses. WeTrade Group independently developed the cloud intelligent system for micro-businesses (Abbreviation: YCloud). YCloud strengthens users' marketing relationship and CPS commission profit management through leading technology and big data analysis. It also helps increase the payment scenarios to increase customers' revenue by multi-channel data statistics, AI fission and management as well as improved supply chain system. As of today, YCloud's business has successfully landed in mainland China and Hong Kong, covering the micro business industry, tourism industry, hospitality industry, livestreaming and short video industry, aesthetic medical industry and traditional retail industry. For more information, please visit https://ir.wetg.group. Forward-Looking Statements This press release contains information about the Company's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company's encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission.
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Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal Year and the Fourth Quarter Ended June 30, 2022
Fiscal Year 2022 Financial Highlights Total revenues were $707.5 million, an increase of 19.2% compared to the comparable prior year period. Gross margin was 33.8%, compared to 36.8% for the comparable prior year period. Non-GAAP gross margin was 34.0%, compared to 36.8% for the comparable prior year period. Net income attributable to Hollysys was $83.2 million, a decrease of 7.3% compared to the comparable prior year period. Non-GAAP net income attributable to Hollysys was $94.2 million, a decrease of 5.5% compared to the comparable prior year period. Diluted earnings per share was $1.35, a decrease of 7.5% compared to the comparable prior year period. Non-GAAP diluted earnings per share was $1.53, a decrease of 5.6% compared to the comparable prior year period. Net cash provided by operating activities was $54.5 million. Days sales outstanding ("DSO") of 171 days, compared to 180 days for the comparable prior year period. Inventory turnover days of 58 days, compared to 51 days for the comparable prior year period. Fourth Quarter of Fiscal Year 2022 Financial Highlights Total revenues were $182.1 million, an increase of 14.7% compared to the comparable prior year period. Gross margin was 33.7%, compared to 37.8% for the comparable prior year period. Non-GAAP gross margin was 33.9%, compared to 37.9% for the comparable prior year period. Net income attributable to Hollysys was $23.0 million, an increase of 4.9% compared to the comparable prior year period. Non-GAAP net income attributable to Hollysys was $24.7 million, a decrease of 12.0% compared to the comparable prior year period. Diluted earnings per share was $0.37, an increase of 2.8% compared to the comparable prior year period. Non-GAAP diluted earnings per share was $0.40, a decrease of 13.0% compared to the comparable prior year period. Net cash provided by operating activities was $38.8 million. DSO of 174 days, compared to 194 days for the comparable prior year period. Inventory turnover days of 73 days, compared to 47 days for the comparable prior year period. See the section entitled "Non-GAAP Measures" for more information about non-GAAP gross margin, non-GAAP net income attributable to Hollysys and non-GAAP diluted earnings per share. BEIJING, Aug. 12, 2022 /PRNewswire/ -- Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, today announced its unaudited financial results for fiscal year 2022 and the fourth quarter ended June 30, 2022. Dr. Changli Wang, the CEO and director of Hollysys, stated: "We are delighted to report another fiscal year and the fourth quarter with solid financial and operational performance and firmly adhered to our tenet of automation for better lives, even under an unfavorable environment of the COVID-19 pandemic which constantly brings challenges. We are confident with our outstanding technologies, satisfactory services and established huge customer bases. Looking forward, Hollysys will unswervingly make progress based on the united efforts of our motivated and inspired management team, experts and employees, and will embrace jointly with our customers and investors for a more prosperous and vigorous future." The Industrial Automation ("IA") business maintained its strong momentum with increased market shares as Hollysys undertook more key and challenging projects, which are expected to relieve the pain points of relevant industries by enhancing the efficiency in operation and contribute to achieving the national carbon peaking and carbon neutrality goals. In the chemical and petrochemical field, we adhere to the development strategy of enhancing our focus on significant projects in addition to normal projects. For example, a one-million-ton ethylene project was signed in Tianjin in which we will provide over 100,000 and 20,000 input/output ("I/O") points that will be connected to our Optical Bus Control System ("OCS")—the new released version of Distributed Control System ("DCS"), and Safety Instrumented System ("SIS"), along with Gas Detection System ("GDS"), respectively. The success in signing this project proves that Hollysys is capable of supplying control systems for any chemical process, as the advanced control of ethylene is known as the most sophisticated and critical process in the industry. Meanwhile, we present remarkable achievements and maintain our cooperation with national key customers like Sinopec Group and China National Petroleum Corporation ("CNPC"). For instance, a contract of huge SCADA system for the Guangxi Long-distance Natural Gas Pipeline Project was signed with Sinopec. Additionally, Hollysys also provided CNPC with Hia Advanced Process Control ("Hia APC") for producing 450,000 tons of synthetic ammonia / 800,000 tons of urea fertilizer, which as another milestone, was the first set of a 100% domestic control system application in the large chemical fertilizer industry in China. We have also manifested remarkable performance and witnessed business growth in the valve and instrument market. For example, we signed with a world leading copper pipe and rod manufacturer for a Phase I project of 150,000 tons of high-performance copper foil, in which Hollysys provided holistic customized integrated, intelligent solutions, and over 4000 sets of various types of meters and valves. The project represents another milestone for Hollysys in electrical instrument installation engineering. We continue our business growth by upgrading the capabilities of products in the pharmaceutical field. For example, a project for a pharmaceutical company was delivered in which Hollysys provided a customized intelligent control system based on HiaBatch. HiaBatch is remarkably flexible and efficient, which facilitates customers to operate more smartly and is highly recognized among customers in the industry. We successively signed new projects, including a Good Manufacturing Practice ("GMP") Application Programming Interface ("API") pilot test and production project along with the supply of DCS, SIS, electrical instrument and Batch Processing System ("BATCH"). Meanwhile, we constantly upgrade our Engineering Procurement Construction ("EPC") capacity. In the fourth fiscal quarter, we signed two breakthrough EPC projects regarding the whole workshop's engineering, which the lays foundation for our further exploration of EPC projects in the future. Our business has witnessed continuous development in Indonesia and other overseas markets, and our control system, instruments and technologies are widely recognized. We have signed with Indonesian companies a contract for an electrical instrument engineering project and an additional contract of Phase II DCS and electrical instruments. To further cultivate and grow our business in the Central and Southeast Asia market, Hollysys will persevere in attracting talented people, optimizing market promotion and enhancing its overseas brand image. In the high-speed rail sector, we continued to deliver on existing projects while retaining our market position. We provided on-ground solutions for Xiangyang East-Wanzhou North high-speed railway and participated in the reconstruction of the Beijing Fengtai Hub, which is now Asia's largest railway hub. Meanwhile, we continued to explore opportunities in service markets, covering replacement and overhaul, upgrades, spare parts sales, etc. The highlight for the service business is the successful launch of China's fifth high-speed railway with an operating speed of 350 km/h, the Shijiazhuang-Wuhan High-speed Railway. In this project, Hollysys actively responded to our client's demand for speed acceleration by upgrading the existing on-board and on-ground products. In the subway sector, our SCADA system for Kunming Subway Line 5 was successfully delivered. This marked another contribution of Hollysys to Kunming rail construction following the successful completion of the Kunming Subway Line 3 project and Kunming Changshui Airport Express project ("Kunming Airport project"),. In the subway signaling business, we won the automated people mover project of the T3B terminal and the fourth runway of Chongqing Jiangbei International Airport. This project, which follows our first subway signaling project—Kunming Airport project—represents another significant advancement for Hollysys in subway signaling. The project will utilize our proprietary GoA4 Fully Automatic Operation system and achieve effective and energy-saving operations. We are grateful for the industry recognition gained from our clients in the past year and we expect to make more contributions to China's urban rail transit system in the future. The mechanical and electrical solutions ("M&E") segment of the Company manifests a stable performance with our smooth executions on various projects. The risk monitor and control will still be our future focus in this field. With our continuous dedication to the industry and the support of experienced and passionate experts, we believe that we will continue to create greater value for our clients and shareholders. Fiscal Year and the Fourth Quarter Ended June 30, 2022 Unaudited Financial Results Summary (In USD thousands, except for %, number of shares and per share data) Three months ended June 30, Fiscal year ended June 30, , 2022 2021 % Change 2022 2021 % Change Revenues $ 182,115 158,764 14.7 % $ 707,462 593,466 19.2 % Integrated solutions contractsrevenue $ 149,292 126,237 18.3 % $ 573,567 460,180 24.6 % Products sales $ 11,823 7,098 66.6 % $ 38,486 28,667 34.3 % Service rendered $ 21,000 25,429 (17.4) % $ 95,409 104,619 (8.8) % Cost of revenues $ 120,780 98,705 22.4 % $ 468,105 375,187 24.8 % Gross profit $ 61,335 60,059 2.1 % $ 239,357 218,279 9.7 % Total operating expenses $ 42,215 44,402 (4.9) % $ 164,813 131,034 25.8 % Selling $ 10,863 9,601 13.1 % $ 45,301 35,197 28.7 % General and administrative $ 23,323 30,260 (22.9) % $ 80,241 69,982 14.7 % Research and development $ 16,629 14,194 17.2 % $ 69,580 55,954 24.4 % VAT refunds and governmentsubsidies $ (8,600) (9,653) (10.9) % $ (30,309) (30,099) 0.7 % Income from operations $ 19,120 15,657 22.1 % $ 74,544 87,245 (14.6) % Other income, net $ 256 6,863 (96.3) % $ 2,185 10,449 (79.1) % Foreign exchange gain (loss) $ 4,000 (942) (524.6) % $ 1,789 (6,219) (128.8) % Gains on disposal of investments in an equity investee $ - - - $ 7,995 - - Impairment loss of investments in cost investees $ (773) - - $ (773) - - Share of net income (loss) of equity investees $ 1,280 (1,331) (196.2) % $ 1,838 604 204.3 % Losses on disposal of subsidiaries - - - (3) - - Gains on disposal of an investment in securities $ - 3,323 (100.0) % $ - 3,323 (100.0) % Dividend income from investments in securities $ - 456 (100.0) % $ 85 912 (90.7) % Interest income $ 3,363 4,278 (21.4) % $ 12,698 14,131 (10.1) % Interest expenses $ (141) (125) 12.8 % $ (731) (553) 32.2 % Income tax expenses $ 3,928 6,317 (37.8) % $ 16,634 20,554 (19.1) % Net income (loss) attributable to non- controlling interests $ 155 (75) (306.7) % $ (189) (371) (49.1) % Net income attributable to Hollysys Automation Technologies Ltd. $ 23,022 21,937 4.9 % $ 83,182 89,709 (7.3) % Basic earnings per share $ 0.38 0.36 5.6 % $ 1.36 1.48 (8.1) % Diluted earnings per share $ 0.37 0.36 2.8 % $ 1.35 1.46 (7.5) % Share-based compensation expenses $ 1,327 6,036 (78.0) % $ 9,709 9,724 (0.2) % Amortization of acquired intangibleassets $ 353 90 292.2 % $ 1,356 316 329.1 % Non-GAAP net income attributable to Hollysys Automation Technologies Ltd.(1) $ 24,702 28,063 (12.0) % $ 94,247 99,749 (5.5) % Non-GAAP basic earnings per share(1) $ 0.40 0.46 (13.0) % $ 1.54 1.65 (6.7) % Non-GAAP diluted earnings per share(1) $ 0.40 0.46 (13.0) % $ 1.53 1.62 (5.6) % Basic weighted average number of ordinary shares outstanding 61,195,317 60,698,727 0.8 % 61,007,506 60,566,709 0.7 % Diluted weighted average number of ordinary shares outstanding 61,788,905 61,025,425 1.3 % 61,568,176 61,513,749 0.1 % ________ (1) See the section entitled "Non-GAAP Measures" for more information about these non-GAAP measures. Operational Results Analysis for the Fiscal Year Ended June 30, 2022 Compared to the prior fiscal year, the total revenues for fiscal year 2022 increased from $593.5 million to $707.5 million, representing an increase of 19.2%. Broken down by the revenue types, integrated solutions contracts revenue increased by 24.6% to $573.6 million, products sales revenue increased by 34.3% to $38.5 million, and services revenue decreased by 8.8% to $95.4 million. The Company's total revenues can also be presented by segment as shown in the table below: (In USD thousands) Fiscal year ended June 30, 2022 2021 $ % to TotalRevenues $ % to TotalRevenues Industrial Automation 439,918 62.2 337,052 56.8 Rail Transportation Automation 183,785 26.0 188,171 31.7 Mechanical and Electrical Solution 83,759 11.8 68,243 11.5 Total 707,462 100.0 593,466 100.0
