Huawei Unveils $430 Million Investment to Boost Digital Africa

 SHANGHAI 

(BUSINESS WIRE)-- The eighth edition of Huawei Connect has opened its doors in Shanghai from September 20 to 22, marking its first event since the global health crisis. This year’s spotlight is on artificial intelligence (AI), reflecting Huawei’s key focus for the African continent. During the Huawei Northern Africa Night event on September 20, Terry HE, President of Huawei Northern Africa (North, West & Central Africa), revealed the company’s renewed strategy to guide Africa towards a "smart and connected future."

This strategy, entitled "Accelerate Intelligence for New Africa", is not just a mere roadmap, but a comprehensive blueprint for Africa's digital and technological future. Given the continent’s young population, with 60% aged 25 or younger, digitalization is emerging as a major catalyst for growth in African nations. Additionally, the continent’s considerable potential in green energy offers an unparalleled competitive advantage in the AI era. Recognizing these strengths, Huawei's new strategy is built around the integration of smart technologies, particularly AI, into vital sectors that shape and influence the daily lives of Africans, including health, education, transportation, finance, agriculture, and mining.

The strategy is structured around three core action areas:

Accelerate intelligence to enhance inclusion, thereby improving people's lives by expanding the coverage and quality of essential services;

Accelerate intelligence to enhance governmental management and bolster the attractiveness of the business and commercial environment;

Accelerate intelligence to heighten operational efficiency and productivity across the economy, particularly in Africa's key industries.

To support this strategy, during the event, Terry HE unveiled a significant investment plan named "Intelligent Future" for the Northern Africa region, encompassing the 28 countries located to the north of the equator within the African continent.

This grand five-year investment initiative, totaling $430 million, is allocated as follows: $200 million to establish the region's first public cloud center, offering over 200 cloud services, and an additional $200 million to support 200 local software partners and empower 1,300 channel partners. In term of talent development, Huawei will invest $30 million to train 10,000 local developers and educate 100,000 digital professionals, creating a skilled workforce to drive intelligent transformation in the region.

The challenges are huge, and the stakes are high. "Every technological evolution is characterized by perseverance, exploration, and investment", stated Terry HE, President of Huawei Northern Africa (North, West & Central Africa). He added, “To expedite intelligent transformation in Northern Africa, Huawei will intensify its investments in technologies, ecosystems, and talent.” He stressed the critical importance of close collaboration among governments, businesses, educational institutions, and communities to realize these ambitions. In conclusion, he called for united action, stating, “Let's join forces to usher in a smarter world in Africa and fulfill the aspirations of its people."

For Huawei, Africa represents a pivotal element of the company's growth ambitions, underscoring its unwavering commitment to the continent's digital transformation.

ABOUT HUAWEI

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key areas – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world. Huawei's end-to-end portfolio of products, solutions and services is both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich lives at home and inspire innovation in companies of all shapes and sizes. At Huawei, innovation is driven by customer needs. We invest heavily in basic research, focusing on technological breakthroughs that move the world forward. Operating in more than 170 countries and across the African continent, we have 28 locations in the Northern Africa region. Huawei was founded in 1987 and is a privately held company wholly owned by its employees.

For more information, visit Huawei at www.huawei.com or follow us on:

http://www.twitter.com/HuaweiNA

https://www.facebook.com/HuaweiNorthernAfrica

http://www.linkedin.com/company/Huawei

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Contacts

Inès Bousquet

ib@35nord.com

+33 6 59 65 95 40

Are you looking for funding for your performing arts project? We are announcing Ibsen Scope Grants 2024

 

(BUSINESS WIRE) -- Ibsen Scope Grants 2024 are now applicable for individual artists, theatre companies, institutions, and organizations worldwide.

The program amount to a total of NOK 2.000.000,-. (Approx. Euro 180.000,- /USD 190.000,-).

The program offers funding for innovative performing arts projects.

The projects must act as incentives for critical discourses on society related matters and be based on one or more of Henrik Ibsen’s plays.

Applications are submitted through our website, and an appointed jury will evaluate the applications.

For further information, statutes and application form see www.ibsenscope.com

Deadline for applications is December 7th 2023.

The winners of the Ibsen Scope Grants 2024 will be invited to Ibsen Scope Festival at Teater Ibsen in Skien, Norway April 24 and 25, 2024.

Since our initial year Ibsen Scope has:

-looked at the world through Henrik Ibsen’s lenses.

-engaged in vivid, critical, and artistic discourses on the works and topics potentially raised from Ibsen’s legacy.

-offered funding for innovative theatre performances through Ibsen Scope Grants.

-arranged Ibsen Scope Festival, an international theatre festival, meeting point and platform for artists.

Continue to follow us on our artistic journey worldwide!

Now on www.ibsenscope.com

Facebook: https://www.facebook.com/ibsenscope

Instagram: https://www.instagram.com/ibsenscope/

The Ibsen Scope Grants were initiated by the Norwegian government in 2007 and will be awarded for the 13th time in 2024. Ibsen Scope Grants are now awarded 48 projects in 30 countries. See all winners here: https://ibsenscope.com/grants/winners/

 

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AGCO to Acquire Trimble Ag Assets and Technologies Through a Joint Venture Focused on Next-Generation Precision Ag Technology

DULUTH, Ga. - Thursday, 28. September 2023

Transformational transaction creates an industry leading global mixed-fleet Precision Ag platform

Enhances AGCO’s comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability

AGCO’s combined Precision Ag revenue now expected to exceed $2.0 billion by 2028

Transaction is expected to be accretive to AGCO’s revenue growth, operating margin profile and earnings per share in the first full year post-close

AGCO’s Grain & Protein business to be placed under strategic review

 

(BUSINESS WIRE)--AGCO Corporation (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural machinery and Precision Ag technology, announced it has entered into a Joint Venture (JV) with Trimble (Nasdaq: TRMB), where AGCO will acquire an 85% interest in Trimble’s portfolio of Ag assets and technologies for cash consideration of $2.0 billion and the contribution of JCA Technologies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230927470614/en/

The JV creates a global leading mixed-fleet Precision Ag platform that will be the exclusive provider of Trimble Ag’s comprehensive technology offering, supporting the future development and distribution of next-generation Ag technologies. Trimble Ag offers a wide variety of user-friendly technologies compatible across brands, equipment models and farm types. Its hardware, software solutions and cloud-based applications span all aspects of the crop cycle, from land preparation to planting and seeding to harvest.

“This landmark transaction creates a JV that becomes the premier mixed-fleet Precision Ag business in the world and accelerates AGCO’s strategic transformation,” said Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer. “This deal significantly enhances AGCO’s technology stack with disruptive technologies that cover every aspect of the crop cycle, which ultimately helps us better serve farmers no matter what brand they use.”

The JV will complement and enhance AGCO’s existing Precision Ag portfolio to deliver even more industry leading solutions across the crop cycle while supporting over 10,000 equipment models. By combining these two Precision Ag portfolios and leveraging multi-channel access across Trimble Ag, AGCO OEM & Aftermarket, other OEMs, and Precision Planting dealers, the JV will be positioned to drive outsized growth and better provide next-generation technologies to even more farmers around the world.

Hansotia continued, “The exclusive access to Trimble Ag products, combined with AGCO’s existing Precision Ag offerings also accelerates AGCO’s growth ambitions around autonomy, precision spraying, connected farming, data management and sustainability. All of these touchpoints will result in us being even more farmer focused."

Commercial synergies resulting from direct access to AGCO’s global OEM, aftermarket, other OEM, and retrofit channels, in addition to modest run-rate cost synergies are expected to approximately double the JV’s EBITDA by year 5 post closing.

"Farmers today are looking for mixed fleet solutions across their tractors and the implements that they use to most efficiently and sustainably feed the world," said Rob Painter, CEO of Trimble. "We believe a joint venture with AGCO, complemented by the successful mixed fleet approach that they have developed with their Precision Planting business model, can help us better serve farmers and OEMs together.”

The $2.0 billion purchase price for AGCO’s 85% ownership in the Trimble Ag business represents an implied enterprise value of approximately $2.35 billion and implies a transaction multiple of approximately 13.8x based on 2023E EBITDA of approximately $170 million. Inclusive of estimated revenue and run-rate cost synergies of $100 million by year 3 and the net present value of tax attributes in excess of $50 million, the synergized multiple is approximately 8.5x on a 2023E basis.

The transaction is not subject to a financing condition. AGCO has secured $2.0 billion in fully committed bridge financing from Morgan Stanley Senior Funding, Inc. The purchase price of $2.0 billion is expected to be funded by a combination of existing liquidity, free cash flow generation and new debt. AGCO remains committed to maintaining its solid investment grade credit rating.

Closing is expected in the first half of 2024, subject to the satisfaction of regulatory approval and customary closing conditions.

AGCO has also announced that the Grain & Protein business will be placed under strategic review as part of AGCO’s broader portfolio transformation. Under this review, AGCO will assess all strategic options to ensure the Grain & Protein customers are serviced in the best way possible, and that the business is best positioned to maximize its full potential.

Morgan Stanley & Co. LLC is acting as exclusive financial advisor to AGCO. Simpson Thacher & Bartlett LLP is acting as legal advisor to AGCO, and Troutman Pepper Hamilton Sanders LLP is acting as its financing counsel.

Centerview Partners LLC is acting as exclusive financial advisor to Trimble, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal advisor.

Conference Call / Webcast

AGCO will host a conference call to discuss the acquisition at 11:30 AM ET today.

Date: September 28, 2023

Time: 11:30 AM ET

Link to listen: https://event.choruscall.com/mediaframe/webcast.html?webcastid=k1eQD8uv

Cautionary Statements Regarding Forward-Looking Information

Forward-looking statements in this presentation, including statements about the transaction and our strategic plans as well as synergies, growth in revenue and EBITDA, accretion of the transaction to growth, margin and earnings, and our ability to close the transaction and the timing of the closing, are subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include, but are not limited to, adverse developments in the agricultural industry, including those resulting from COVID-19, supply chain disruption, inflation, weather, commodity prices, changes in product demand, interruptions in supply of parts and products, difficulties in integrating the Trimble Ag businesses in a manner that produces the expected financial results, reactions by customers and competitors to the transaction, including the rate at which Trimble Ag’s largest OEM customer reduces purchases of Trimble Ag equipment and the rate of replacement by the Joint Venture of those sales, and adverse changes in the financial and foreign exchange markets, including increases in interest rates. Actual results could differ materially from those suggested in these statements. Further information concerning these and other risks is included in AGCO’s filings with the SEC, including its Form 10-K for the year ended December 31, 2022 and subsequent Form 10-Q filings. AGCO disclaims any obligation to update any forward-looking statements except as required by law.

About AGCO

AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $12.7 billion in 2022. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR. For more information, please visit our website at www.agcocorp.com.

About JCA Technologies

JCA Technologies is a leader in the emerging area of autonomous agricultural machine systems. JCA’s industry-leading autonomous tech stack, the JCA Autonomous Framework, has been shaped through more than 20 years of delivering scalable advanced technology solutions for agricultural OEMs, while complementing with engineering and manufacturing expertise. Since the acquisition of JCA by AGCO in May of 2022, JCA has applied its technology and engineering capabilities to retrofit autonomy solutions as part of AGCO’s retrofit-first strategy. JCA is headquartered in Winnipeg, Manitoba, Canada, and serves customers all over the world. For more information, please visit our website at www.jcatechnologies.com.

About Trimble

Dedicated to the world's tomorrow, Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, build, grow and move goods for a better quality of life. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products and enterprise lifecycle solutions to industry cloud services, Trimble is transforming critical industries such as construction, geospatial, agriculture and transportation to power an interconnected world of work. For more information, please visit our website at: www.trimble.com.

About Trimble’s Agriculture Division

Trimble’s Agriculture Division provides solutions that solve complex technology challenges across the entire agricultural supply chain. The solutions enable farmers and advisors to allocate scarce resources to produce a safe, reliable food supply in a profitable and environmentally sustainable manner. Covering all seasons, crops, terrains and farm sizes, Trimble solutions can be used on most equipment on the farm, regardless of manufacturer. To enable better decision making, Trimble offers technology integration that allows farmers to collect, share, and manage information across their farm, while providing improved operating efficiencies in the agricultural value chain. Trimble solutions include guidance and steering, desktop and cloud-based data management, flow and application control, water management, harvest solutions and positioning services. For more information, please visit our website at: www.trimble.com/agriculture.

 

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Contacts

AGCO Investor Contact

Greg Peterson

V.P., Investor Relations

770-232-8229

greg.peterson@agcocorp.com

AGCO Media Contact

Rachel Potts

V.P., Chief Communications Officer

678-654-7719

rachel.potts@agcocorp.com

Interactive Brokers Group Consolidates EU Operations into Ireland

 European Base Responds to Rapid Regional Growth

(BUSINESS WIRE) -- Interactive Brokers Group (Nasdaq: IBKR), a leading global brokerage firm, today announced the consolidation of its European brokerage operations, with Interactive Brokers Central Europe (“IBCE”), based in Budapest Hungary, merging its client base and operations into the operations of Interactive Brokers Ireland (“IBIE”).

The Group expects the merger of its European operations to produce measurable improvements in efficiency, while retaining its key talent pool and regional client focus. IB Ireland, based in Dublin and regulated by the Central Bank of Ireland, will manage the merged business, with IBCE continuing to provide its expertise to clients across the continent, and particularly in Central and Eastern Europe. Since commencing business following Brexit, these two operations have delivered and supported significant client growth as Interactive Brokers Group expands its presence across Europe.

"This decision is consistent with the Group’s continuous focus on operational efficiency through automation, ensuring our ability to deliver best-in-class investment services at price points typically available only to industry professionals, and allowing us to maintain industry-leading profit margins," said Interactive Brokers CEO Milan Galik.

Interactive Brokers’ global operations across Europe, Asia Pacific and the Americas provide extensive investment services to more than two million client accounts, holding $377 billion (at August 31, 2023) in assets in more than 220 countries and territories.

Founded over 45 years ago, Interactive Brokers Group has grown to become one of the preeminent securities firms in the world, with over $12 billion in equity capital and $30 billion of market capital.

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. For the sixth consecutive year, Barron’s ranked Interactive Brokers #1 with 5 out of 5 stars in its June 9, 2023, Best Online Brokers Review.

 

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Interactive Brokers Group, Inc.

Media: Katherine Ewert, media@ibkr.com

 

Zayed Sustainability Prize’s Beyond2020 Initiative Improves Access to Clean Water for 10,000 Vietnamese

 Abu Dhabi, United Arab Emirates - Thursday, 28. September 2023

The deployment of sustainable water fountains to 5 villages and 3 schools in rural Vietnam supports the country’s goal of providing clean water to 100% of its population by 2045

 

With the aim of intensifying efforts towards achieving the United Nations' Sustainable Development Goals (SDGs), Beyond2020, the UAE-driven humanitarian initiative, has installed environmentally sustainable freshwater resources in communities in rural Vietnam, providing clean water access to 10,000 people.

Launched by the Zayed Sustainability Prize in partnership with several leading organisations, Beyond2020 carries forward the humanitarian legacy of the late Sheikh Zayed bin Sultan Al Nahyan by providing sustainable technologies and solutions to vulnerable communities around the world. Vietnam marks the 16th deployment of Beyond2020, which will continue to offer life-transforming interventions to a broad number of beneficiaries worldwide, providing tech for good and fostering development that is inclusive and sustainable.

Commenting on the installation in Vietnam, H.E. Dr. Bader Al Matrooshi, Ambassador of UAE to Vietnam, said, “Both the UAE and Vietnam have a strong resolve to promote innovative solutions that urgently address pressing sustainability challenges. As we expand water access to rural Vietnamese communities through the implementation of pioneering water filters, we not only tackle a critical need but also foster resilience and well-being. Beyond2020 remains a symbol of collaboration, connecting innovation to bring about positive real-world change.”

H.E. Nguyen Manh Tuan, Ambassador of Vietnam to the UAE, said: “Providing safe drinking water to all Vietnamese is a top priority for our government. The Beyond2020 initiative, which has brought safe drinking water to 10,000 local people, is an important step to unlocking access to sustainable sources of water that can help our countrymen in the remote areas live a healthier, more productive life.”

Amine Bel Hadj Soulami, CEO of BNP Paribas Middle East & Africa, a partner of the initiative said: “As a responsible bank, BNP Paribas is proud to partner with Beyond2020 and mobilise resources for communities in need. As the impact of climate change mounts, millions of people face greater challenges in terms of extreme events, health effects, food security, livelihood security and water security.  This is why, more than ever, we must collaborate with global partners, such as Beyond2020 to create real and scalable impact.”

With over 2,360 rivers, Vietnam has abundant supplies of natural water resources, however, the country faces severe water shortages. Although the country has made rapid progress in improving water supplies over the past few decades, in the country’s remote areas – where two-thirds of the population reside – it is reported that less than 50% of households have access to safe water and sanitation. Providing a simple water purification system that can clean the water from its rivers and wells would significantly bolster the nation’s water security and also improve key health outcomes.

Eight water purification systems developed by Safe Water Cube, a global nonprofit organisation and a Zayed Sustainability Prize 2019 finalist under the Water category, are now being used to provide clean water to five villages and three schools in the Quảng Nam province of Vietnam.

The Safe Water Cube fountains are developed by the France-based Agir Ensemble Association, whose mission is to raise private and public funds to install Safe Water Cube fountains in countries where access to drinking water is a real health issue. Powered by a hand pump, the fountain filters microbes, viruses and other impurities from the water through various filters without the use of harmful chemicals or an electrical power source. One Safe Water Cube fountain can supply 1,000 litres of clean water per hour and provide clean water to a village of up to 1,000 people.

In addition to providing safe drinking water to the people of Quảng Nam province, Safe Water Cube has trained 26 people, including 14 men and 8 women, in the use, upkeep and maintenance of the fountain.

Five villages and three schools were selected to receive the Safe Water Cubes. These include A Bat Village, Chaval Commune, Nam Giang District; Pa Dau Village, Thanh My City, Nam Giang District; Tan Doi Village, Dai Son Commune, Dai Loc District; Lap Thuan Village, Dai Hong Commune, Dai Loc District; and Ngoc Son Tay Village, Binh Phuc Commune, Thang Binh District; and three schools in the villages of Nha tho Hoang Phuoc, Dai Hong, and Dai Loc.

The deployment in Vietnam marks the third time Safe Water Cube has been installed in remote, underserved communities through the Beyond2020 initiative by providing access to clean water in Madagascar for 8,500 people and in Cambodia for 4,400 people.

Beyond2020 brings together a leading number of partners which include Abu Dhabi Fund for Development, BNP Paribas, Mubadala Energy and Masdar.

Since its inception, a total of 16 deployments have been rolled out, including energy, health, water and food-related solutions, transforming the lives of over 211,800 people in the sixteen different countries across Africa, South America, Middle East and Asia.  Another four countries have been identified as deployment grounds for new projects.

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Reem Diab

Reem.Diab@bcw-global.com

Linksys Announces the Next Step in Home and Small Office Network Security

 The next generation of online security is here

(BUSINESS WIRE) -- Linksys®, an iconic Home and Small Office connectivity company, announces in a statement of direction the new Cognitive™ Security capability, which will complement the newly released Designer Series through the end of the year. Cognitive Security technology will then be released in the soon-to-be announced Icon Series later this year.

Designer Series products that will feature Cognitive Security are:

Velop® Pro 6E – currently shipping

Velop Pro 7 – shipping in September

Velop Micro Router 6 – expected in October/November

Velop Micro Mesh 6 – expected in October/November

The term “Cognitive” in the technology space refers to “thinking technologies,” which can deterministically, either by user selection or automation, solve problems. In Phase 1 of its implementation, Linksys Cognitive Security was developed entirely based on user input and feedback, focusing on saving users time and effort.

Some key features of Cognitive Security include:

Automatically block malicious websites and adult content using Fortinet® Secure DNS or Cisco® OpenDNS.

Instant Guest: This feature enables the user to issue temporary credentials for guests to access their home network. These temporary networks self-delete after a predetermined time frame.

Secure Boot/Image: This protects your home network from being hijacked by ensuring only trusted firmware can be installed and executed on your home network devices.

Cognitive Security follows the same premise of previously announced Linksys technologies, including Cognitive Mesh and Cognitive Experience. These technologies provide a “continuous value” capability that improves with every update. Phase 2 of Cognitive Security will further humanize the home network with intelligent features that include, but are not limited to:

Notification when new device has joined the network for the first time

Rolling reminder to change the Network Administrator password

User-initiated, encrypted backup of the Network configuration

Cognitive Security works continuously to optimize the user’s devices online and ensure secure WiFi usage. Users are able to make easy adjustments using the Linksys App, which offers several advanced optimal security options and safe browsing options to further enhance online safety.

About Linksys

At Linksys, we engineer simplicity so that you never experience complexity. Linksys is an iconic brand celebrating its 35th year of innovation in Home and Small Office connectivity. With many industry firsts to its credit, Linksys delivers simple, fast, reliable, and affordable products for the Home and Small Office where there is “no IT.”

© 2023 Linksys Holdings, Inc. and/or its affiliates. All rights reserved.

Linksys and many product names and logos are trademarks of Linksys Holdings Inc. and/or its affiliates. Third-party trademarks mentioned are the property of their respective owners.

 

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Media Contact

comms@linksys.com

Dubai to Host Exclusive B2B Event Showcasing European Fresh Fruits

 An exclusive B2B event is set to take place on October 10th, 2023, at 16:30, at the prestigious International Centre for Culinary Arts (ICCA) in Dubai. The event, hosted within the framework of the European program "EU Fresh Fruit Gift," promises to be a unique opportunity for participants from various sectors, including Horeca, importers, distributors, wholesalers, grocery chain representatives, bloggers, and journalists, to engage with representatives of contributing organizations.

Attendees will have the privilege of savoring delectable cherries from Greece and blueberries and raspberries from Romania, all while exploring potential collaboration prospects. This gathering will also provide insights into the European program "EU Fresh Fruit Gift" and its initiatives, with expert chefs from ICCA Dubai on hand to analyze the products' merits and create enticing dishes featuring the promoted fruits.

The EU-funded "EU Fresh Fruit Gift" campaign is dedicated to promoting fresh European cherries and blueberries from Greece and Romania among consumers in India, the UAE, and the UK. Key participating organizations include the Agricultural Cooperative of Rachi Pieria "Agios Loukas" (AC Rachi) from Greece, serving as the coordinator, and The Association of South Fruit Producers - FRUCTPROD from Romania.

 

To learn more about the Fresh Fruit Gift program visit the website: www.eufreshfruitgift.eu

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Melwyn Abraham - melwyn@matrixdubai.com

Quectel Introduces EM060K-EA LTE-Advanced Cat 6 Module

 BELGRADE, Serbia - Thursday, 28. September 2023 AETOSWire  

(BUSINESS WIRE) -- Quectel Wireless Solutions, a global IoT solutions provider, is pleased to introduce the EM060K-EA LTE-Advanced Cat 6 module, offered for the EMEA, APAC and Brazil markets. The module, which is available in the M.2 form factor, measuring 30.0mm x 42.0mm x 2.3mm and powered by the Snapdragon® X12 LTE Modem from Qualcomm Technologies Inc, adopts 3GPP Release 12 technology and supports a theoretical peak date rate of 300 Mbps downlink and 50 Mbps uplink. The EM060K-EA can operate in extended temperature ranges from -25 °C to +75 °C, has a dedicated EMEA SKU and features power saving technology to ensure maximised deployment uptime.

Offering LTE-A and UMTS and HSPA+ coverage, the EM060K series has been designed for the global market and covers nearly all tier-one carriers worldwide. The modules include an optional built-in embedded SIM (eSIM) and feature dual SIM single standby (DSSS). The EM060K series is also compatible with Quectel’s EM12 series of Cat 12 modules, its EM160R-GL Cat 16 module and its RM500Q series of 5G modules to facilitate customers’ migrations between different modules.

In addition, the module is embedded with a multi-constellation, high-sensitivity global navigation satellite system (GNSS) receiver to enable positioning. This capability simplifies product design and provides adopters with faster, more accurate and more reliable positioning capabilities for applications that require this capability. Quectel has specifically tailored the EM060K-EA series for a range of primary applications, encompassing industrial routers, home gateways, set-top boxes, industrial and consumer laptops, as well as digital signage.

“We’re delighted to unveil the Quectel EM060K-EA LTE-A Cat 6 module,” said Norbert Muhrer, President and CSO, Quectel Wireless Solutions. “It is great to be able to introduce this high-performance module that brings LTE-A capability to the EMEA, APAC and Brazil markets. We’re especially pleased to bring customers this combination of high data rate and low power consumption at such a competitive cost. We look forward to supporting our customers’ additional needs for eSIM and GNSS capability within the EM060K series.”

This module boasts a comprehensive suite of Internet protocols, industry-standard interfaces, and a wealth of features. It is designed to cater to a diverse array of applications, including but not limited to industrial routers, home gateways, set-top boxes, industrial laptops, consumer laptops, industrial PDAs, rugged tablet PCs, and digital signage. Additionally, it offers compatibility with USB drivers for Windows, Linux, and Android, with the option for a built-in eSIM, further expanding its versatility.

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global IoT solutions provider backed by outstanding support and services. Our growing global team of 5,900 professionals sets the pace for innovation in cellular, GNSS, Wi-Fi and Bluetooth modules as well as antennas and services.

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.

For more information, please visit: www.quectel.com, LinkedIn, Facebook, and X.

 

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Media contact: media@quectel.com

 

Huawei joins the Sisvel Cellular IoT patent pool

(BUSINESS WIRE)--Sisvel International S.A. (“Sisvel”) today announced that Huawei patents will now be available through its Cellular IoT technology patent pool after the company signed up to the programme as a licensor.

The agreement means that more world class IP has been added to a pool which already includes patents from around 25 renowned innovators.

At the same time, Sisvel has revealed new royalty rates for the Cellular IoT patent pool, including for devices with a lower selling price. The firm has also expanded its offering to new product verticals. Please see link for more details.

The Sisvel Cellular IoT patent pool offers device manufacturers licences - on fair, reasonable, and non-discriminatory terms and conditions - to participants’ patent portfolios essential to the LTE-M and NB-IoT standards.

“We are excited to welcome Huawei, a major contributor to the development of cellular IoT, as a member,” says Sisvel’s Cellular IoT programme manager, Sven Torringer. “LTE-M and NB-IoT technologies are great solutions for anyone who wishes to connect products and services in the IoT arena, and Huawei’s presence further strengthens the pool’s licence offering as a one-stop shop for this market.”

“I am proud to welcome Huawei to this important pool, which is poised to bring unparalleled efficiencies to both implementers and innovators in IoT markets,” says Sisvel president Mattia Fogliacco. “This is more proof of the work we are doing with cutting-edge companies to power innovation and a further sign of Huawei’s confidence in us, after they became a founding member of our Wi-Fi 6 pool.”

Further information about the terms and conditions of this licence offer is available on Sisvel’s website https://www.sisvel.com/licensing-programmes/iot/cellular-iot/.

For more details, contact Sisvel at: iot@sisvel.com.

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have 207,000 employees and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will work towards ubiquitous connectivity and inclusive network access, laying the foundation for an intelligent world; provide diversified computing power where you need it, when you need it, to bring cloud and intelligence to all four corners of the earth; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; and redefine user experience with AI, making it smarter and more personalized for people in all aspects of their life, whether they're at home, on the go, in the office, having fun, or working out.

For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei

http://www.twitter.com/Huawei

http://www.facebook.com/Huawei

http://www.youtube.com/Huawei

About Sisvel

Sisvel is driven by a belief in the importance of collaboration, ingenuity and efficiency to bridge the needs of patent owners and those who wish to access their technologies. In a complex and constantly evolving marketplace, our guiding principle is to create a level playing field with the development and implementation of flexible, accessible, commercialisation solutions.

We Power Innovation

www.sisvel.com

https://www.linkedin.com/company/sisvel-group

https://twitter.com/sisvelgroup

 

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Contacts

Sisvel Media Contact

Giulia Dini

Communications Manager

Tel: +34 93 131 5570

giulia.dini@sisvel.com

ASM Global and Leading Finnish Development Company Suvilahden Areena Oy to Partner in Major Helsinki Entertainment Venue Exploration

(BUSINESS WIRE) -- ASM Global, the world’s largest producer of entertainment experiences, and Suvilahden Areena Oy have announced an unprecedented alliance to propose serving as the lead in the future reimagination of Helsinki’s sprawling iconic and historic Hanasaari power plant built in 1909.

The duo’s aim is to preserve as much of the legendary landmark building while integrating local culture and environment in combination with a state-of-the-art arena and festival area within the development.

ASM Global will anchor the music and live-entertainment venue while exploring incorporating sports programming on a major scale.

ASM Global Europe President Chris Bray said, “Hanasaaren voimala is a major next step for ASM Global in Finland. We already have a strong presence in Scandinavia and are now building on our recent expansion into Helsinki, which includes Kulttuuritalo. We believe that with our unrivalled global network, we will bring the world’s most sought-after concerts and artists to fans in Helsinki.

“Hanasaaren voimala has an exceptional location. The possibility of building a new arena and entertainment hub by the sea with a festival area and an urban culture project is an exciting prospect.”

Suvilahden Areena Oy CEO Timo Nieminen said, “Cooperation with ASM Global strengthens the credibility of our project. We get to use ASM Global’s experience and best practices regarding venue management. Basing the design on strong experience and insights is a prerequisite for a financially feasible project.

“We are now just waiting for the development reservation to be granted by the city. We aim to run a planning process working with the key players in the area, the environs and the city of Helsinki to create a new type of urban culture hub.”

ASM Global’s Stockholm Live operates seven venues in the capital city alone, and in May it announced an operation agreement with the Helsinki Cultural Centre.

ABOUT ASM GLOBAL

ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management—delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. The company’s elite venue network spans five continents, with a portfolio of more than 350 of the world’s most prestigious arenas, stadiums, performing arts venues, and convention and exhibition centers, including The Moscone Center, San Francisco; ICC, Sydney Australia; Olympia London; Shenzhen World China; and P&J Live in Aberdeen, U.K.

Follow us on Facebook, Instagram, LinkedIn and Twitter. asmglobal.com

ABOUT SUVILAHDEN AREENA OY

Suvilahden Areena Oy is a Finnish privately owned development company that has applied for a development reservation from the City of Helsinki in March 2023 in order to investigate the feasibility of an event and multipurpose arena intended for culture and events in the Hanasaari power plant area located in Suvilahti, Helsinki. suvilahdenareena.fi.

 

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Jim Yeager

breakwhitelight (for ASM Global)

jim@breakwhitelight.com

Mobile: 818-264-6812

Acronis Introduces Advanced Automation to Simplify MSP Business Operations for Enhanced Productivity

 New cloud-centric platform, purpose-built for small and midsize MSPs, improves customer billing, reduces complexity, and maximizes revenues

Acronis, a global leader in cyber protection, announced the general availability of Acronis Advanced Automation. Building on Acronis’ proven track record of delivering integrated solutions that help partners streamline and simplify their services, Acronis Advanced Automation helps MSPs transition from simple break-fix services to cloud-centric, subscription-based services that require a new approach to billing and contract management.

Complexity is a common challenge for MSPs, driven by the numerous business initiatives focused on innovating their products, delivery models, and value-added services. Acronis Advanced Automation is a solution for small and midsize MSPs worldwide who want to simplify and streamline their business operations. With centralized control and management of services, complete time tracking and staff utilization capabilities, and automated, consumption-based billing, Acronis empowers MSPs to gain full visibility of their contracts, delivery, tickets, and work items — maximizing revenue and improving client trust.

"New use cases for native automation solutions continue to emerge in the IT industry and Acronis offers a product that allows MSPs around the world to automate their operations and make better, data-driven decisions. Whether emerging as a startup or evolving to maturity, Acronis Advanced Automation helps service providers control and grow their managed service business", said Patrick Pulvermueller, CEO at Acronis. "We're excited to continue bringing new, innovative automation tools to our Cyber Protect Cloud solution and help MSPs expand their businesses."

Advanced Automation offers MSPs robust capabilities to fuel business growth, including error-free invoices and billing, an integrated service desk, automated time tracking, and support for subscription-based services. These capabilities enable:

Increased efficiency: Advanced Automation helps MSPs streamline workflows, automate repetitive tasks, and reduce manual effort, allowing for a greater focus on high-value activities.

Reduced friction in business operations: Advanced Automation simplifies support for subscription-based services.

Improved productivity: Advanced Automation provides a single platform for managing customer data, tickets, projects, and billing, so MSPs can save time and effort to ultimately deliver faster, more effective services.

Enhanced customer and employee satisfaction: Advanced Automation helps MSPs better manage customer interactions, and improve communication and responsiveness, leading to an increase in customer satisfaction.

Greater profitability: Advanced Automation automates processes and reduces manual efforts, which allows MSPs to improve their operational efficiency and profitability.

“Acronis Advanced Automation has automated our invoicing process,” said Alex Presman, President at Racom Business. “We love how it ties in with QuickBooks and makes transferring invoices and data so easy.”

Acronis Advanced Automation is available for existing Acronis MSP partners, and also those starting a new MSP business. Interested in implementing the solution? For more information, visit: https://www.acronis.com/en-eu/products/cloud/cyber-protect/automation/

To learn more about Acronis Advanced Automation, check out the latest blog here: https://go.acronis.com/advanced-automation-blog

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment - from cloud to hybrid to on premises - at a low and predictable cost.

Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 2,000 employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 18,000 service providers to protect over 750,000 businesses.

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Contacts

Melwyn Abraham

melwyn@matrixdubai.com

Xsolla Announces Acquisition of AcceleratXR, a Multi-Player Platform for Games

 LOS ANGELES - Wednesday, 27. September 2023

Leading a Transformative Shift in Cross-Play Technology Through Strategic Partnership

 

(BUSINESS WIRE)--Xsolla, a global video game commerce company, announces its strategic acquisition of AcceleratXR, a provider of in-game server backend technology designed for live service games and software. The AcceleratXR platform and network engine offer robust scalability, supporting experiences across multiple platforms and devices. It functions similarly to an operating system optimized for modern interactive digital content.

AcceleratXR technology equips development teams—regardless of size or skill level—to create cutting-edge online and multiplayer experiences on a grand scale. Boasting more than 20 specialized systems, such as live cloud scripting, AcceleratXR is the most flexible and feature-packed platform for developing games, digital entertainment, the metaverse, and more.

This acquisition underscores a transformative shift towards marketing comprehensive cross-play and cross-pay solutions available out of the box, allowing players to maintain their identity and access their purchase history across any platform they want to play on - PC, web, console, mobile, and VR.

"Today, we welcome AcceleratXR, a significant new addition to the Xsolla game tech family," said Chris Hewish, CEO of Xsolla. "AcceleratXR brings robust game server backend technology capable of catering to various platforms - from web to PC to console to mobile. It marks a promising stride in our journey to redefine cross-play technology."

"We're thrilled about the acquisition by Xsolla, as it supercharges our core mission of making game development tools accessible to all and enhancing social experiences within gaming communities," said Jean-Philippe Steinmetz, Co-Founder of AcceleratXR. "This momentous step forward presents promising opportunities to reshape the global gaming industry."

For more information about AcceleratXR, please visit: https://xsolla.pro/axr-acquisition

About Xsolla

Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the video game industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in Berlin, Seoul, Beijing, Kuala Lumpur, Tokyo and cities around the world, Xsolla supports major gaming titles like Valve, Twitch, Roblox, Ubisoft, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.

For additional information, please visit: xsolla.com

About AcceleratXR

AcceleratXR is a versatile solution for game developers aiming to craft cross-platform games and applications. It covers the broad spectrum of gaming platforms from console, PC, and mobile, to VR environments. By enhancing seamless connections between these diverse gaming interfaces, AcceleratXR significantly reduces development time and cost, enabling game developers to deploy large-scale, cross-platform games more effectively.

For additional information, please visit: acceleratxr.com

 

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Contacts

Media Contact

Derrick Stembridge

Global Director of Public Relations, Xsolla

d.stembridge@xsolla.com

Afiniti Appoints Hassan Afzal as Its Chief Executive Officer

 WASHINGTON 

(BUSINESS WIRE) -- Afiniti, the leading provider of AI-enabled enterprise behavioral pairing solutions for customer interactions, has announced the appointment of Hassan Afzal as Afiniti’s Chief Executive Officer and Board Director.

Mr. Afzal, an experienced business leader, will succeed Larry Babbio, who assumed the position of Chief Executive Officer of Afiniti in 2021. His appointment is the culmination of a CEO succession plan and subsequent search process undertaken by the Board. The Board of Directors is grateful to Mr. Babbio for his unwavering commitment to Afiniti and is pleased that the company will continue to benefit from his experience as he will remain with Afiniti as a Board Director.

Mr. Afzal joined Afiniti in 2007 as one of its first employees and has served as its Chief Technology Officer, making him a key architect of Afiniti’s unique and patented technology. He has been a core enabler of Afiniti’s growth to its current scale of about 1,500 employees across 20 countries. Mr. Afzal holds a MSc in Computer and Information Systems from the University of Pennsylvania and a BSE in Electrical Engineering from the University of Virginia.

“I am looking forward to leading this great company and leveraging the strength of our people, culture and our customer-centric focus,” said Mr. Afzal. “As a pioneer in using artificial intelligence technology to measurably optimize customer interactions, Afiniti has an exciting opportunity to deploy more intelligence and automation within the customer experience. I will work with Larry and the Board on a seamless transition and thank Larry for his guidance over the last two years.”

“Hassan has brought a wealth of experience with excellent strategic and leadership skills to Afiniti, and we are delighted that he will be our Chief Executive Officer,” said Mr. Babbio. “He has impressed the Board with the impact he has made at Afiniti, where he has brought a strong client-centric mindset and creative technology leadership. The Board believes his leadership skills and experience will lead Afiniti through its next strategic phase.”

About Afiniti

Afiniti uses patented artificial intelligence technology to pair participants in customer interactions based on how well they are likely to interact. Its technology is used globally in the healthcare, telecommunications, travel, hospitality, insurance, and banking industries, and across multiple customer experience channels. To learn more, visit www.afiniti.com.

 

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media@afiniti.com

Organon Recognized on Fortune’s 2023 Change the World List for Leadership in Expanding Access to Contraceptive Choice

JERSEY CITY, N.J. - Wednesday, 27. September 2023

Her Promise Access Initiative helped prevent 57 million unplanned pregnancies putting the company approximately halfway to its goal of preventing 120 million unplanned pregnancies by 2030

(BUSINESS WIRE) -- Organon (NYSE: OGN), a global healthcare company with a focus on women’s health, has been named to Fortune’s 2023 Change the World list for its leadership in helping women and girls around the world take control of their reproductive health. Organon has a portfolio of programs, collaborations, and investments designed to lift women for generations to come through family planning education and contraceptive access. Fortune’s annual list recognizes companies that have had a positive social impact through activities that are part of their core business strategy.

Nearly 50% of pregnancies worldwide are unplanned, leading to health risks and reduced educational and employment opportunities for mother and child – challenges that can span generations.1, 2 Largely caused by a lack of access to contraceptive information and services, this problem is so significant that the United Nations Population Fund (UNFPA) has deemed unintended pregnancy a global public health crisis.2

“Organon was founded with a vision to create a better and healthier every day for every woman. Part of that responsibility is to address contraception education and access barriers globally,” said Kevin Ali, CEO of Organon. “While we are incredibly proud to be recognized for the progress we’ve made, our work is far from done. Together with our partners, we aim to prevent 120 million unintended pregnancies by 2030 – a critical step toward realizing our vision of a future in which all 4 billion women and girls worldwide are empowered to be in control of their family planning.”

Organon is increasing access to contraceptive choice globally through cross-sector partnerships that are fueling public health solutions, addressing inequities, and giving women more opportunities to pursue education and economic independence, including:

Establishing Her Plan is Her Power, a $30 million, multi-year global initiative to reduce unplanned pregnancies through global advocacy as well as investments in community-driven solutions in the United States, in low- and middle-income countries, and around the globe.

Advancing the Her Promise Access Initiative, through which Organon works alongside partners to expand contraception availability to the 73 lowest-income countries. The initiative has already helped to prevent 57 million unintended pregnancies to date.

Establishing a new model for advancing progress in women’s health through sustainable financing, which is being used to mobilize capital towards initiatives that might not otherwise receive adequate support. Programs to increase access to sexual and reproductive health education and services are currently running in eight countries in different phases including Mexico, Colombia, Ecuador, Peru, Panama, as well as Thailand, Kenya, and South Africa.

A global grants program, which helps women and girls take control of their reproductive health. The first cohort of grantees includes organizations in 13 countries, including the Dominican Republic, South Korea, Germany, and Thailand.

Fortune's Change the World list is selected and ranked by the editors of Fortune based on the magazine's own reporting and analysis. Nominees are assessed based on the reach, nature, and durability of the company's impact on specific societal problems, degree of innovation, impact on the company, and how integral the initiative is to a company's overall strategy.

For more details on Organon’s ESG strategy, goals, and initiatives, download the full 2022 ESG Report at https://www.organon.com/about-organon/environmental-social-governance/.

About Organon

Organon is a global healthcare company formed to focus on improving the health of women throughout their lives. Organon offers more than 60 medicines and products in women’s health in addition to a growing biosimilars business and a large franchise of established medicines across a range of therapeutic areas. Organon’s existing products produce strong cash flows that support investments in innovation and future growth opportunities in women’s health and biosimilars. In addition, Organon is pursuing opportunities to collaborate with biopharmaceutical innovators looking to commercialize their products by leveraging its scale and presence in fast growing international markets.

Organon has a global footprint with significant scale and geographic reach, world-class commercial capabilities, and approximately 10,000 employees with headquarters located in Jersey City, New Jersey.

For more information, visit http://www.organon.com and connect with us on LinkedIn, Instagram, Twitter and Facebook.

Cautionary Note Regarding Forward-Looking Statements

Some statements and disclosures in this press release are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as "may," “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” or words of similar meaning. These forward-looking statements include statements regarding Organon’s efforts to expand access to contraceptive choice. Such statements are based on Organon’s current plans and expectations and are subject to a number of risks and uncertainties that could cause Organon’s plans and expectations, including actual results, to differ materially from the forward-looking statements. Organon undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Organon’s filings with the Securities and Exchange Commission ("SEC"), including Organon’s Annual Report on Form 10-K for the year ended December 31, 2022 and subsequent SEC filings, available at the SEC’s Internet site (www.sec.gov).

_________________________

1 Bearak, J et al., 2022. Country-specific estimates of unintended pregnancy and abortion incidence: A global comparative analysis of levels in 2015-2019. BMJ Global Health.

2 Nearly Half of All Pregnancies Are Unintended-a Global Crisis, Says New UNFPA Report. United Nations Population Fund. Retrieved September 6, 2023, from www.unfpa.org/press/nearly-half-all-pregnancies-are-unintended-global-crisis-says-new-unfpa-report.

 

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Contacts

Media Contacts:

Karissa Peer

(614) 314-8094

Kate Vossen

(732) 675-8448

Investor Contacts:

Jennifer Halchak

(201) 275-2711

Alex Arzeno

(646) 430-2028

Dubai Chambers unveils ‘The Deals Hub’ to unlock global trade and investment opportunities during Dubai Business Forum

 Dubai, United Arab Emirates - Wednesday, 27. September 2023

Dubai Chambers has unveiled The Deals Hub, a new impact-driven platform that creates an innovative space for global business leaders and investors to announce partnerships and deals during the upcoming Dubai Business Forum, which takes place at Madinat Jumeirah in November.

Hosted under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Business Forum will bring together key stakeholders from the government and private sectors across the globe to explore strategic economic partnerships, develop international networks, and open new horizons for business, trade, and investments.

The launch of The Deals Hub creates a dedicated space to forge and announce major business initiatives, partnerships, and investments, with signings witnessed by senior government officials, prominent figures from the public and private sectors, and representatives from the global media.

H.E. Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “The Dubai Business Forum creates a unique platform for deals and investments that will unlock exciting opportunities and promote sustainable economic growth. The launch of The Deals Hub underlines Dubai’s growing position as a leading capital of the global economy and reflects the emirate’s success in attracting foreign investment and supporting business expansion.”

The Deals Hub will host a full spectrum of agreements including major partnerships, joint ventures, and mergers and acquisitions; IPOs, large investments, and fundraising rounds; government contracts, cross-border trade agreements, and MoUs.

The Dubai Business Forum takes place at Madinat Jumeirah on 1-2 November.

To register for the event, please visit register.dubaibusinessforum.com

About Dubai Chambers:

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit us on www.dubaichambers.com

Follow us on:

www.facebook.com/DxbChambers

www.twitter.com/dubaichambers

www.linkedin.com/company/dubai-chambers

www.youtube.com/DubaiChamberTV

www.instagram.com/dubaichambers

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Contacts

Mohamad Mouzehem

PR & Corporate Communications

Tel: +971 4 2028537

Email: mohamad.mouzehem@dubaichamber.com

LESSENGERS Begins Volume Production of 800G AOCs and Transceivers – Incorporating “Direct Optical Wiring” Technology – for AI/ML Clusters and Hyperscale Data Center Operations

GLASGOW, Scotland - Wednesday, 27. September 2023

Latest advance in optical component design offers several operational and economic benefits.

(BUSINESS WIRE)--LESSENGERS Inc., a provider of innovative optical components based on its patented “direct optical wiring” (DOW) technology, today announced that its new 800G transceiver product (800G OSFP SR8), will begin volume production in the Q4 2023 and begin shipping to customers. DOW is a polymer-based air-cladded waveguide technology that is particularly useful for optical interconnects in the data center and high-performance computing environments.

DOW connects the active photonic devices such as laser diodes or photodiodes directly to the optical fiber, providing high-density and high-speed optical signal connectivity between switches, servers, and other devices within the data center or HPC clusters. This capability enables several operational efficiencies and economic benefits, such as:

No active alignment – cost-competitive optical coupling

No use of multi-channel lens assembly – near-zero optical crosstalk

No air gap – dramatically lower reflection noise

High degree of freedom in heat sink design – much lower junction temperature

These attributes make the 800G OSFP SR8 and other products for high-speed active optical cables and transceivers high-performance, highly reliable and cost compelling.

“Demand for optical connectivity in AI Clusters is accelerating innovation”, commented Dr. Vladimir Kozlov, CEO and Founder of LightCounting. “New designs of pluggable and co-packaged optical engines rely on high density parallel connectivity, which need new packaging and fiber-coupling methods. Direct optical wiring, developed by LESSENGERS, is a great example of such new approaches.”

“We are proud to announce the volume production of DOW-based 800G AOCs and transceivers,” said Chongcook Kim, CEO at LESSENGERS. “The use of DOW technology enables us to achieve high-performance and low-noise optics by its nature allowing us to streamline the production process flow with complete automation.”

LESSENGERS is participating at next week’s European Conference on Optical Communications (ECOC) in Glasgow at the SEC – at MR31 and Booth #306.

About LESSENGERS

LESSENGERS is an innovative optical solution provider, powered by its patent DOW technology, which enables cost effective direct optical coupling without the use of lens optics. This provides the most suitable solution for data center applications such as 800G/1.6T optical transceivers, active optical cables (AOCs), on-board, near packaged, or co-packaged optics.

 

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Contacts

 

LESSENGERS Inc.

Taeyong Kim, Ph.D

Chief Marketing Officer

+82-10-6549-7654

taeyong.kim@lessengers.com

NTT DOCOMO: OREX Announces OREX® Open RAN Service Lineup

 TOKYO - Wednesday, 27. September 2023

—Achieves TCO reduction of up to 30% and reduces power consumption by up to 50%—

(BUSINESS WIRE) -- NTT DOCOMO, INC. announced today its brand-new service lineup of OREX RAN, OREX SMO, and OREX Services, part of its commitment to becoming an Open RAN service provider for international telecom operators. Through this announcement, the company aims to provide clarity and mutual understanding among international telecom operators regarding the services offered by OREX, thereby facilitating its further expansion.

OREX is DOCOMO’s Open RAN service brand, developed in collaboration with multiple global vendors. It can be customized to address the unique challenges of each customer. The introduction of OREX Open RAN services is expected to reduce clients’ total cost of ownership by up to 30% when the costs of initial setup and ongoing maintenance are taken into account. It can also reduce the time required for network design by up to 50%. Additionally, OREX reduces power consumption at base stations by up to 50%.

In the OREX RAN offering, OREX leverages the features of Open RAN, allowing the combination of various vendor products to provide base stations that are highly cost-effective. Leveraging the knowledge gained from DOCOMO’s unique experience in building mobile networks with multiple equipment vendors since the 4G era, OREX integrates the strengths of its 13 OREX PARTNERS to offer an extensive range of virtualized radio base networks (vRANs) and radio units (RUs) compatible with the range of different frequencies in use in various countries. With the addition of seven new RU vendors, OREX is poised to meet the demands of an even larger customer base.

With OREX SMO, OREX provides software developed by NTT Corporation to facilitate the efficient design, configuration and monitoring of wireless access networks, enabling autonomous and optimized device operation. Adoption of OREX SMO allows the automatic optimization of network design, reducing design workload by up to 50%, particularly in complex cases that would normally take several weeks. It also reduces operational workload by automating tasks such as the adjustment of the antenna angle of base stations, which is critical for securing the coverage area. OREX SMO is compliant with the standard specifications defined by the O-RAN ALLIANCE.

OREX Services provide the procurement and system integration required for the adoption of OREX RAN and OREX SMO, as well as post-implementation operational support and maintenance.

On September 22, DOCOMO initiated the deployment and operation of OREX RAN and OREX SMO in its domestic 5G network, incorporating base station software from Fujitsu Limited, cloud platform from Wind River, hardware accelerator from NVIDIA, and COTS server with Intel processors. Building on the operational experience they have accumulated within DOCOMO’s network, these companies plan to enhance OREX Open RAN services and expand their product combinations, striving to offer improved cost-effectiveness and reliability.

Going forward, DOCOMO will continue to support global telecom operators in their adoption of Open RAN with its new OREX offerings, strengthening its cooperation with global partners to make Open RAN a reality. In addition, DOCOMO will leverage the technology by applying the All-Photonics Network to transport network in Open RAN, following the concept of the Innovative Optical and Wireless Network (IOWN) promoted by the NTT Group. It will also utilize low-power servers equipped with photonics-electronics convergence technology and integrate OREX SMO with IOWN’s Cognitive Foundation.

OREX is a trademark of NTT DOCOMO, INC.

For more detailed information, please refer to the full press release available at www.docomo.ne.jp/english/info/media_center/pr/

About NTT DOCOMO

NTT DOCOMO, Japan's leading mobile operator with over 87 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations.

https://www.docomo.ne.jp/english/

 

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Contacts

For further information, please contact:

NTT DOCOMO

Mr. Koinumaru or Mr. Yoshioka

Brand Communication Department

Tel: +81 (0)3 5156 1366

Fax: +81 (0)3 5501 3408

www.docomo.ne.jp/english/

Hithium Battery Production Facility Certified Carbon Neutral

 XIAMEN, China - Wednesday, 27. September 2023 AETOSWire Print 

International distinction is based on evaluation of plant’s carbon footprint and high-quality offsets

Company aims for carbon neutrality throughout industry chain by 2035

 

(BUSINESS WIRE)--Stationary battery manufacturer Hithium’s production facility at its headquarters in Xiamen, China, has received the globally recognized carbon neutrality certification PAS 2060 (Certificate number: 0412TZH01106). This certification standard builds on established methodologies, according to TÜV Süd, to calculate the plant’s carbon footprint (such as the GHG-Protocol and ISO 14064) and it assesses, where needed, the impact of high-quality offsetting certificates from climate projects (including CDM, JI, GS, and VCS).

The company aims for the factory to serve as an energy storage industry benchmark, raising the standard for sustainable production as one of the earliest battery production sites in China to receive this certification.

Hithium General Manager Jason Wang commented: “We’re very proud to have achieved this certification so quickly and to be setting a high standard for our industry. Our approach to meeting ESG goals and achieving sustainable manufacturing is rooted in our company culture. From company leadership to every team member, whether in research or sales or on the production line, we see reducing our own carbon emissions as a core commitment.”

On the occasion of its carbon neutral plant certification, Hithium also announced its broader carbon neutrality goals:

Carbon neutrality in group operations by 2025

To achieve carbon neutrality in the core operations of the entire group (scope 1 and 2), Hithium will use over 40% renewable electricity, as well as reduce by 15% the average carbon emissions both of its products and across its supply chain (compared to the benchmark year 2022), and a recycling rate of over 20% for scrapped raw materials.

Carbon neutrality in global manufacturing by 2028

Hithium’s goal is to reach 100% use of renewable electricity in the group, with global battery manufacturing bases certified as carbon neutral factories, to reduce by 30% average carbon emissions both of products and in the supply chain (compared to the benchmark year 2022), with a recycling rate of over 40% for scrapped raw materials.

Carbon neutrality throughout the industry chain by 2035

By 2035 Hithium aims to achieve carbon neutrality in the entire chain of the group (scope 1, 2, and 3), throughout the product lifecycle (excluding the use stage), and a recycling rate of over 80% for scrapped raw materials.

As part of its sustainability objectives, the 2019-founded manufacturer also recently registered with the emissions and ESG tracking agency Achilles and joined the United Nations Global Compact (UNGC). The company’s implementation plan for reaching these goals includes production process improvement, intelligent applications, the increasing use of clean energy and recyclable materials, and low-carbon technology research and development.

About Hithium

Founded in 2019, Hithium is a leading manufacturer of top-quality stationary energy storage products for utility-scale as well as commercial and industrial applications. With four distinct R&D centers and multiple “intelligent” production facilities, Hithium’s innovations include groundbreaking safety improvements to its lithium-ion batteries as well as increases in lifecycle. With decades of cumulative experience in the field among its founders and senior executives, Hithium leverages its specialization in BESS to deliver partners and customers unique advances in energy storage. The company is based in Xiamen, China, with further locations in Shenzhen, Chongqing, Munich, and California. Hithium has shipped 11 GWh of battery capacity, 5 GWh in 2022 alone, and is expanding its current 45 GWh of production capacity to 70 GWh by the end of 2023.

 

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carol.wu@hithium.com

Demand Increases for Project Professionals with AI Skills, Yet PMI Research Finds Only 18% Have Practical Experience

 PHILADELPHIA 

PMI commits to supporting project professionals in their pursuit of AI mastery in project management, offering tools, training, and community opportunities to forge or hone critical AI skills

 

(BUSINESS WIRE)--Project Management Institute (PMI), the world's leading organization for the project management profession, is empowering millions of global project professionals worldwide to adopt, embrace, and leverage artificial intelligence (AI), machine learning (ML), and generative AI (GenAI). PMI is developing the tools, resources, and learning opportunities – including a free, introductory online course entitled “Generative AI Overview for Project Managers” – project professionals need to leverage AI powered technology while preserving the human touch in project management.

According to McKinsey, GenAI and other technologies have the potential to automate work activities that absorb 60 to 70 percent of employees’ time today. But tools cannot automate interpersonal skills, the invaluable and very necessary skills project managers bring to projects. Communication, problem-solving, collaborative leadership, and strategic thinking – skills PMI calls “power skills” – will continue to be crucial to project success. In fact, PMI research finds that organizations that place a high priority on power skills are significantly better at completing projects that meet business goals. Additionally, they waste less investment due to poor project performance compared to the global average (4.8 percent vs. 5.2 percent), and far less than organizations that put a low priority on power skills (8.8 percent).

“I see an incredible opportunity to elevate the leadership role of project professionals in their organization, thanks to the AI-driven disruption,” said Pierre Le Manh, President & Chief Executive Officer of PMI. “Project professionals are natural learners, problem solvers, innovators and they get things done. Now is the time for us to lead the AI transformation of organizations.”

STAY CURRENT AND SHARPEN SKILLS AT THE AI IN PROJECT MANAGEMENT PAGE ON PMI.ORG

To keep up with the latest developments in AI technology, project professionals must prioritize continuous learning. The Artificial Intelligence in Project Management Resource Center on PMI.org is the destination for learning to navigate a new era of efficiency, insight, and growth. The page, complete with AI insights and learning opportunities, will be updated consistently with new, thought-provoking survey findings, thought leadership, industry analysis, academic research, and community-contributed content and publications. The varied data sources – inclusive of PMI's vast community of academic partners, enterprise partners, and millions of project professionals, combined with proprietary research – will set this content apart and make it the go-to resource for project professionals and organizations striving to leverage these tools to improve project success.

PMI will post two new articles in October 2023. Key insights from these articles include:

Project managers can leverage AI for project productivity and enhance power skills. According to the 2023 PMI Annual Global Survey on Project Management, the top three ways project managers use AI are reporting (34%), decision support (33%), and communication (26%). While AI can take on productivity tasks like planning and budgeting, project managers are also using AI as a tool to sharpen specific power skills, so their human interactions and strategic decisions are stronger.

AI Adoption will only increase, so project managers need to upskill quickly to take advantage of this enormous career opportunity. The 2023 PMI Annual Global Survey on Project Management found that 82% of senior leaders said AI will have at least some impact on how projects are run at their organization over the next five years. However, unpublished PMI Customer Experience (CX) research found that only 18% of project managers report having extensive or good practical experience with AI tools and technologies, and 49% have little to no experience with or understanding of AI in the context of project management.

Building organizational resilience, leveraging technical skills, and upskilling teams will help organizations remain competitive. AI is a major disruption that requires businesses to transform. While technical skills are an important part of widespread AI adoption, it is just one piece of the puzzle. For AI to work, organizations need resilience. The BRIGHTLINE® Initiative and Thinkers50 book Building Resilient Organizations, states that organizations must have a clear vision, a flexible mindset, and empowered teams to foster widespread collaboration.

BUILD FOUNDATIONAL KNOWLEDGE WITH A NEW FREE, INTRODUCTORY COURSE – “GENERATIVE AI OVERVIEW FOR PROJECT MANAGERS”

To help project professionals gain the foundational knowledge they need to master AI in project management, PMI launched a free course to serve as a gateway to learning titled “Generative AI Overview for Project Managers.” It provides learners with practical knowledge for using AI that they can apply to their projects immediately. After completing the course, professionals will earn 5 PDUs and a digital badge issued via Credly.

This course is just the beginning. PMI will continue to release learning content focused on AI in project management, all created for project professionals by project professionals. The PMI community will test the learning content, ensuring it reflects the experience of project professionals who have relevant experience using AI in project management.

EXPERIENCE AI IN PROJECT MANAGEMENT FIRST-HAND AT PMI® GLOBAL SUMMIT 2023

As AI takes a foothold on the project management profession, project professionals will need to embrace experimenting with these new tools and connecting with peers for lessons learned. To pave the way for professionals to do this, PMI is reimagining how project professionals can balance AI with human ingenuity at its annual event, PMI® Global Summit, 25-28 October in Atlanta, Georgia, USA.

The event’s program features AI-focused sessions, exclusive learning opportunities, and immersive activities. Attendees will learn from AI experts and thought leaders unpacking the power of using AI and be challenged to broaden their perspectives on the use of AI. Register for the event today here.

“AI is on the rise, with Goldman Sachs reporting AI investment could be near $200 billion globally by 2025, making it clear that project managers need to embrace and lead this change,” said Sam Sibley, Global Head, Emerging Products & Innovation for PMI. “With the right combination of how to best use AI on projects and the project manager’s human touch, you can do more than ever to meet every challenge that comes your way. PMI’s commitment is to support and guide project professionals at every career stage to be at the forefront of this new AI-enabled world of work.”

AI brings the potential to unlock a better future with endless opportunities to improve project success rate, benefits realization, and the societal impact of projects. For project professionals who fully embrace AI and enhance their work with its capabilities, they will see career advancement opportunities. To unleash the impact of AI on the future of project management, visit the Artificial Intelligence in Project Management Resource Center.

About Project Management Institute (PMI)

PMI is the leading authority in project management, committed to advancing the project management profession to positively impact project success. We empower professionals to excel in project management practices through our growing global community, knowledge sharing, and best-in-class certifications—driving positive change in organizations and communities. Since 1969, our unwavering mission has been to advocate for the profession by offering life-long learning and connections to sharpen high-demand skills. Today, PMI provides professionals at every stage of their career journey with the globally recognized standards, online courses, thought leadership, events, and tools they need to succeed. With 300 chapters around the world, PMI members can network, find mentors, access career opportunities, and learn from peers, working together to drive greater impact. Visit us at: www.pmi.org, linkedin.com/company/pminstitute, facebook.com/PMInstitute, and on Twitter @PMInstitute.

Project Management Institute, PMI, and BRIGHTLINE are registered trademarks of Project Management Institute, Inc. All other trademarks are the property of their respective owners.

 

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Rachael Ballard, Manager of External Communications, Project Management Institute

Rachael.Ballard@pmi.org

 

PUMA Welcomes Indian Sustainable Fashion Advocate Aishwarya Sharma To Its Voices Of A RE:GENERATION Initiative

 (BUSINESS WIRE) -- Global sports company PUMA has expanded the regional reach of its Voices of a RE:GENERATION initiative beyond Europe and the US and added Indian sustainable fashion advocate Aishwarya Sharma to the project.

Aishwarya joins PUMA’s roster of next-gen thinkers as part of its year-long project to advance its sustainability efforts by collaborating with young environmentalists. Based in Delhi, India, Aishwarya is passionate about driving change towards a more sustainable fashion industry and has made a name for herself for her beliefs around women's rights, fashion, social media and climate change at events such as COP27.

Launched in April this year, PUMA’s initiative empowers a cohort of Young Voices to help the brand identify key areas for improvement by giving them a voice alongside leading stakeholders. To date, PUMA’s Young Voices have met with key players at PUMA to discuss the brand’s progress and challenges surrounding its FOREVER.BETTER Sustainability Strategy - and produced PUMA RE:GEN Reports; a podcast series to engage younger generations around sustainability and PUMA’s 10FOR25 target areas. The podcast was created in response to consumer feedback, gathered at PUMA’s Conference of the People event in 2022, which revealed that current sustainability communications were not engaging the next generation.

The latest development of this project will see Aishwarya meet and collaborate with PUMA’s current Young Voices, including:

US-based upcycler Andrew Burgess

Germany-based sustainable and healthy living vlogger Luke Jaque-Rodney

France-based visual artist and creative consultant Jade Roche

Alice Aedy is no longer participating in the initiative, a decision reached through mutual understanding.

Aishwarya Sharma joins PUMA’s Voices of a RE:GENERATION initiative this September and will explore the opportunities and challenges faced by the brand in the area of sustainability, whilst making recommendations for actionable change. She will also work with PUMA to improve the way it communicates sustainability to its India-based audience.

On the announcement, Aishwarya comments: “My passion as a sustainability advocate lies in increasing awareness. I think it’s so important for people in my community and across the world to understand what is really going on in sustainability and this partnership with PUMA will grant me an inside view of how a large corporation tackles such a hugely important and complex challenge. Being able to have a voice in how PUMA communicates sustainability is also a great opportunity to drive change and set a precedent across the industry and I’m very much looking forward to that.”

PUMA

PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.

 

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Media Contacts:

Samantha Du Plessis - Corporate Communications - PUMA SE - +49 9132 81 2984 - samantha.duplessis@puma.com

MSL Communications Agency – +44 7815 474 060 - pumaglobalteam@mslgroup.com

 

MESTEC Wins Oracle® Global Leaders ISV of the Year Award

 

Award recognizes rapidly growing adoption of MESTEC by NetSuite customers and its momentum as the world’s fastest-growing MES solution

(BUSINESS WIRE) -- MESTEC is excited to accept the Oracle Global Leaders ISV of the Year Award at this year’s Oracle CloudWorld Conference. At over 50% annual growth, MESTEC is leading the manufacturing software category and welcoming some of the world’s most innovative and valuable manufacturers to its pioneering SaaS MES platform. MESTEC’s primary focus on helping manufacturers gain performance across 80+ key manufacturing KPIs, along with its rapid deployment time, is fuelling customer migration to the platform.

MESTEC is part of the Eyelit Group, an emerging leader in manufacturing software platforms. Together with Eyelit advanced manufacturing software, the two platforms are seeing especially strong demand in semiconductor, automotive, medtech, aerospace and defence, battery, and solar industries. The platforms support all key manufacturing workflows including asset management, factory and equipment integration, automation, manufacturing execution (MES), recipe management, quality management, planning, scheduling, and business process management. The open and flexible architecture of the platforms enables seamless integration with Oracle NetSuite and other mission critical enterprise applications.

“The MESTEC team is energized by this award for its recognition of our progress in helping customers reimagine manufacturing software as fast to deploy, easy to integrate, and rapidly creating value through improved performance and new efficiencies,” said Mark Carleton CEO. “We have fully leveraged our SaaS architecture to enable customers to go live in just days rather than the traditional multi-month, complicated and expensive deployment process for traditional manufacturing software solutions. It has been rewarding to see Oracle NetSuite customers realize immediate integration of manufacturing data with financial and operational data and we look forward to deepening our partnership.”

About MESTEC

MESTEC, is the world’s fastest-growing manufacturing software platform (MES), helping many of the world’s most valuable and innovative brands make significant gains in manufacturing performance across an ever-expanding range of industries. MESTEC helps leading manufacturers achieve significant gains in advanced planning and scheduling, asset performance management, quality and compliance, manufacturing KPIs, inventory control and labour management. The MESTEC SaaS approach ensures that improvements can be delivered rapidly, with no up-front costs and fast-track deployment.

 

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For more information:

mestec.net

eyelit.com

Greg Saint James

VP of Global Marketing

Eyelit Group

gsaintjames@eyelit.com