Key industrial parks unveiled in Hainan free-trade port

HAIKOU, China, June 5, 2020 /PRNewswire/ — A batch of key industrial parks were unveiled on June 3 in China’s island province of Hainan, in an effort to promote the construction of the Hainan free-trade port.

The 11 key parks around the island cover three major fields, including tourism, modern services and advanced technologies.

The industrial parks are important areas to illustrate trade and investment policies, pilot fields for bold trials, innovations and reforms and a new highland for reform and opening up, said Liu Cigui, secretary of the CPC Hainan Provincial Committee.

Liu said the key industrial parks are expected to play a leading role in the construction of the free-trade port.

On the same day, the first batch of service stations for Hong Kong, Macao and Taiwan compatriots as well as overseas Chinese were established in five key industrial parks of Hainan Free Trade Port, including Haikou Jiangdong New District, Yangpu Economic Development Zone, Boao Lecheng International Medical Tourism Pilot Zone, Sanya Yazhou Bay Science and Technology City, and Hainan Ecological Software Park.

The service stations are under the unified guidance of the United Front Work Department of Hainan Provincial Committee of the Communist Party of China, with the aim to provide business consultation and coordination guidance for Hong Kong, Macao and Taiwan compatriots as well as overseas Chinese who come to Hainan to invest and start up business, so as to boost the implementation of relevant policies of the Hainan Free Trade Port.

At present, there are 3.9 million overseas Hainanese in more than 60 countries and regions. About 400 thousand Hong Kong and Macao compatriots are from the hometown of Hainan, There are more than 3,000 Taiwanese compatriots and over 1,500 Taiwan-funded enterprises in Hainan.

China on Monday released the development plan for the Hainan free-trade port, aiming to build Hainan into a globally influential, high-level, free-trade port by the middle of the century.

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Huawei Wins Eight Awards, Including Five Grand Awards, at Interop Tokyo 2020

TOKYO, June 5, 2020 /PRNewswire/ — The COVID-19 pandemic has brought unprecedented changes to diverse industries and sectors. But it cannot prevent the rapid development of the ICT industry, it would seem. The Organizing Committee of Interop Tokyo 2020 — the largest ICT exhibition in Japan — has announced the winners of the Best of Show Awards. Huawei’s innovative products and solutions have won eight awards, demonstrating their unique technical advantages.

Huawei Wins Eight Awards, Including Five Grand Awards, at Interop Tokyo 2020
Huawei Wins Eight Awards, Including Five Grand Awards, at Interop Tokyo 2020

Huawei received the following awards:

Grand Prize in Network Infrastructure: OptiXtrans OSN 9800 M12, the industry’s first super C-band transmission product.

Grand Prize in Cloud Infrastructure: CloudEngine 16800 data center switch, the industry’s highest-density 400 GE line card for data centers in the AI era.

Grand Prize in Server and Storage: Huawei’s next-generation all-flash storage OceanStor Dorado 8000/18000 V6, oriented to core production and transaction scenarios, and continuously setting performance, reliability, and intelligence benchmarks.

Grand Prize in IoT: Huawei edge computing gateway AR502H.

Grand Prize in Facility: The eMIMO edge computing facility solution.

In the AI category, the industry-leading Atlas 900 AI cluster is the only award-winning product.

Special Prize in Enterprise IT: Huawei 5G AR NetEngine AR6000.

Special Prize in Network Infrastructure: Huawei OptiXtrans DC908, an intelligent Data Center Interconnect (DCI) product with a single-fiber capacity of 88 Tbit/s and AI-enabled O&M.

Huawei’s awards at Interop Tokyo in 2020, and in the years preceding it, is the industry recognition of Huawei’s emphasis on innovation and quality, and is a reflection of its long-term strategic investment in R&D. Such recognition — both from peers and customers alike — remains the driving force behind Huawei’s ongoing efforts. Huawei is committed to investing in R&D for the longer term, in order to provide customers with more competitive, innovative, unique ICT products and solutions through core technological innovation.

Affected by the pandemic, Interop Tokyo 2020 canceled on-site demonstrations. Online demonstrations and ICT award selection activities were held from April 13 to June 30, instead. The conference showcased the most advanced technological innovation and practices in the industry. Gathering leading solutions in multiple fields, including AI, IoT, edge computing, and the industrial Internet, Interop Tokyo has helped to inject new vitality and confidence into the industry and, indeed, the wider world.

Demonstrating its “open, collaborative, and mutually beneficial” cooperation with partners, Huawei showcased a brand new digital intelligent ecosystem and relevant application cases, including 14 products and solutions. These cutting-edge offerings ably illustrated Huawei’s capabilities to comprehensively promote rapid digital and intelligent development in the ICT field. With continuous investment in new ICT technologies and ecosystems, and with the ongoing accumulation of global service experience, Huawei is gaining trust from an increasing number of industry-leading enterprises. To date, over 700 cities and 228 Fortune Global 500 companies — including 58 in the top 100 — have chosen Huawei as their digital transformation partner.

-Ends-

About Interop Tokyo

Interop Tokyo is one of the most widely-regarded network computing events in the industry, and the largest and most influential ICT exhibition in Japan. The Best of Show Award is Interop’s iconic prize. Each year, hundreds of solutions are reviewed by a panel of judges made up of leading industry experts and university professors. They select the most innovative products and solutions with the most cutting-edge technologies and the highest commercial value.

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Minecraft Dungeons Available Everywhere Now

Minecraft is a huge game. Say what you want about Minecraft and its weird boxy graphics that you cannot take seriously; the game is one of the most popular video games you can find today. Its online community is also one of the biggest in the gaming community. Plus, they are all very nice people and also very creative. There are people who make a living out of building things in the Minecraft game world. Someone did a measurement of the map size of Minecraft and it is multiple times the size of GTA’s game world. It is that big, it is not a child’s game.

There is more to Minecraft than meets the eye though. The sandbox platform is not just about players going in, gathering materials and then building large, mega-buildings to be shown off to the internet. There is some adventure involved around the game as well. There are elements of survival within the game. All these was always available for PC gamers, and they create their own Minecraft journey.

Minecraft Dungeons: Official Launch Trailer

For beginners then, the game can be quite overwhelming. The vast map, the emptiness of the maps, the endless possibilities. While plenty of gamers enjoy that, there are some that would like more curated approaches to their game storyline. They prefer to indulge in stories rather than creating them. That is the idea behind Minecraft Dungeons, another original project from Minecraft’s developers, Mojang Studios.

We have not had any experience with the game itself, if we are being honest. So we can only comment on what we have seen so far. So far, it looks like dungeon hack-and-slash that we are plenty used to. Minecraft Dungeons can easily be mistaken for a boxier version of Diablo or Torchlight. Those are brilliant games, by the way.

This is not a completely solo experience though. You can co-op with your friends to get to the end of the Minecraft Dungeons journey. We are not entirely sure if there is cross platform playability just yet. Still, playing games online with your friends is a part of socialising these days.

While Minecraft was created for PC, Minecraft dungeons is made available for all platforms including Playstation 4 thanks to the co-development of the game with Double Eleven. Double Eleven is the team behind the ever so popular Goat Simulator by the way. The online aspect of Minecraft Dungeon is also worked by Double Eleven if you must know. For your information too, Double Eleven has a Kuala Lumpur, Malaysia studio and they are looking for talents to join them for future projects. You can find out more from their website.

Minecraft Dungeons is available now for PC, Xbox One, Nintendo Switch, and PlayStation 4. On PC, you can get your hands on the new title on Microsoft Store for MYR 78. There are at least three planned DLCs for the game to be announced on a later date.

How to Keep Health & Wellbeing in Check with HONOR

JAKARTA, Indonesia, June 5, 2020 /PRNewswire/ — HONOR itself has launched several smart watches and bands throughout the year with HONOR MagicWatch 2, Watch Magic, and Band 5 being the latest products in the market. They are equipped with features that not only can support users’ fitness but also their health condition.

To achieve fitness goal, wearing a HONOR smartwatch or band is like having a personal trainer. The HONOR smartwatches, which are HONOR Magic Watch 2 and HONOR Watch Magic, provide with customized running courses and professional guidance from introductory to advanced level, as well as real-time workout tracking and overall evaluation for a more fruitful workout. With around 15 different workouts to be tracked including swimming, HONOR smartwatches can cater most of the workout needs. The data includes heart rate, workout time, distance, stride frequency, speed, calories, and aerobic/anaerobic results for a more in-depth workout plan.

Keeping Health and Wellbeing in Check with HONOR
Keeping Health and Wellbeing in Check with HONOR

These past few years, smartwatches and smart bands are getting more advanced and various brands have been competing to create new innovation through each release. For people who are still wondering, “What does a smart watch actually do?” It’s a worthwhile question, especially considering the hefty price tag of many smart watches. HONOR is one of technology companies that have been actively releasing wearable products with high quality technology and pocket friendly prices.

Adam Guo, Director HONOR Indonesia explains that at the most basic level, smartwatches & bands are an extension of a smartphone — they receive notifications, answer phone calls from the wrist, allow users to use apps, and tell time. But the major advantage of a smart watch is almost always wearing it. This allows smartwatches & bands wearers to be connected in ways never tried before. Smartwatches are often imbibed with the functionalities of mainstream fitness trackers. This gives smartwatches an edge over regular fitness trackers as they do even more than monitor health and fitness parameters.

“We are continuously working on bringing new technology and updates for those who aspire to improve their health and wellness through our products. There are options that they can choose based on their lifestyle and needs,” said Adam.

Meanwhile, HONOR Band 5 also possesses high-level fitness tracking for around 10 different workout, as well as capable in displaying personalized recommendations and comprehensively tracks and displays useful data such as calories burned, heart rate, pace, etc. With a 5 ATM water resistance rating, HONOR wearables can also be used during swimming sessions.

Aside from workouts, HONOR Band 5 and MagicWatch 2 also include the SpO2 Monitor feature. The SpO2 Monitor feature helps users in measuring oxygen saturation levels in the bloodstream so that they can assess how their body is adapting during workouts or at high altitudes.

HONOR smartwatches and bands are also supported by features to ensure users to track their overall wellness even when they’re taking a rest. These products allows users to manage everyday stress with HUAWEI TruRelax™ in HONOR MagicWatch 2, calming their mind through a series of breathing exercises within the breathing app. They’re also able to understand their sleep patterns better with HUAWEI TruSleep™ 2.0 and get personalized insights on how to get a better night’s sleep.

The latest feature to further support HONOR female users is Female Cycle Tracker that let users follow their cycle, log periods, record details, and analyse trends at a glance with the Huawei Health app. The period-tracking calendar also allows them to see their upcoming estimated fertile window and compare all the stats in one place, giving a better overview of their health. This female cycle tracker is available in HONOR MagicWatch 2.

Through wearables that collect data on users’ heart rate can also give more accurate feedback on other aspects of user health – for example, users’ sleep, calorie burn, stress levels and VO2 max (an estimation of the maximum amount of oxygen that users use during exercise – and therefore, a measure of users’ aerobic fitness).

As a form of appreciation for its users, HONOR is preparing a giveaway where users can win HONOR Band 5 by participating in the Honor Club Write and Win. A more complete information about the giveaway is provided in Honor’s social media (@honor_indonesia).

“During this time, we’re reminded that maintaining our well being should be a priority. Not only physical but we need to approach it holistically and pay attention to our mental health. Owning a smartwatch or band can be the first step in getting to a healthier lifestyle as it can help support user amidst their busy life,” ended Adam.

About HONOR

HONOR is a technology brand built in the era of internet. HONOR was established by the technology produced by Huawei Consumer Business Group’s R&D (Research and Development). Through embracing every possibility in 5G & AI era, HONOR aims to create an advanced new world with smart ecosystem. HONOR will continue diversify itself through innovation, introducing latest lifestyle, and offering a variety of community.

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Hublot Launches the BIG BANG e

NYON, Switzerland, June 5, 2020 /PRNewswire/ — Hublot first released the Big Bang in 2005. Since then, this model has come to embody Swiss watchmaking in the third millennium.

In 2018, the first connected version of the Big Bang made its debut. And now, Hublot unveils the BIG BANG e.

The new incarnation of the brand’s Art of Fusion ethos: a fusion between tradition and innovation, cutting edge materials and the latest digital technology.

To mark the 2018 FIFA Football World Cup™ in Russia, Hublot presented their first connected watch model, the Big Bang Referee 2018 FIFA World Cup Russia™. Equipped with the latest technological developments then available for wearable technology, this formidable tool was used both by referees on the pitch and by football fans, as a virtual stadium so they could join in with the competition. Two years later, Hublot returns with a new model: the BIG BANG e, a connected watch equipped with the latest technology that adopts all the iconic Big Bang codes.

To stay up-to-date, follow: @Hublot #Hublot #BigBangE #HublotLovesArt

“Electronic watches were created in Switzerland using quartz in the 1970s. Fifty years later, we are continuing in the same innovative vein by producing a second smart watch which boasts an extremely high level of technological sophistication, whilst embodying all the aesthetic values, technical features and excellence that have ensured the reputation of our Big Bang collection. Ever more faithful to our “Art of Fusion” motto, we wanted the BIG BANG e to unite Hublot’s highly advanced technical materials with the very latest innovations from today’s digital world.” – Ricardo Guadalupe, CEO of HUBLOT

Full of sophistication and advanced technology, this piece fits in perfectly with Hublot’s watchmaking tradition. All the codes that have helped build the brand’s reputation thus far can be recognised instantly, by enthusiasts and the public alike.  A good pedigree always shines through! Its case is cut from materials such as black ceramic or titanium in a “sandwich” construction, an innovative style invented by Hublot in 2005. Extremely complex, it comprises 42 components, 27 of which are for the K Module alone, the “cage” which houses the digital heart of the watch. The design of the screws and pushers, the scratchproof sapphire crystal, and its rubber strap – with deployant buckle invented by Hublot in 1980 for the Classic model and the patented One Click system for easy interchangeability –  leave no-one in doubt: element by element, it is clear that this is a true Big Bang! 

The BIG BANG e is available in a 42 mm case, made from a choice of titanium or ceramic. The hour numerals are metallised underneath the scratchproof sapphire crystal, which is covered with an AMOLED high definition touchscreen. Just like a mechanical version of the Big Bang, its rotary crown with integrated pusher is used to activate the controls for its electronic module. Developed in partnership with other brands within the LVMH Group, the watch is adapted and perfected to meet Hublot’s requirements.

Transferring their traditional expertise into this new digital environment, the designers in Nyon have developed new watch functionalities. Apart from the “Time Only” analogue function, the BIG BANG e features exclusive interpretations of traditional watch complications, such as a Perpetual Calendar with an immaculately precise moon phase or a second GMT time zone, which presents the earth in a very realistic way. These functionalities have been revisited and enhanced to take advantage of the possibilities offered by the digital world. Despite this built-in technology, Hublot guarantees the watch is water-resistant to a depth of 30 meters.

Powered with Wear OS by Google™, the BIG BANG e enables customization to the smartwatch experience. The wearer can access apps on Google Play, get answers on the go with Google Assistant and make fast simple payments with Google Pay. For a more personal experience, easily swipe to helpful information and stay up to date with notifications and messages. In addition, dials specifically created by the talented Hublot ambassadors and Friends of the Brand will be gradually unveiled.

Available as soon as the BIG BANG e is released, the first edition is part of the #HublotLovesArt movement: a series of eight dials stemming from the imagination of storytelling artist Marc Ferrero. Every three hours, the dial changes colour, meaning eight creations are displayed in sequence over a 24-hour period. Each of these is based on a specific colour: Happy Yellow, Magic Blue, Orange Dynamite, All White, Lucky Green, Magic Red, Rainbow Spirit and Black Magic. And that is not all. Every full hour is marked with the appearance of an animation that lasts five seconds. A very #HublotLovesArt way of adding a touch of colour and rhythm to different moments throughout the day!

The BIG BANG e will be produced in two different editions: one in titanium and one in black ceramic. For the first time in Hublot’s history, this watch will be sold online on the brand’s website as well as on the Wechat network in China. It will then be available to purchase in boutiques and the traditional network.

Google, Google Play, Wear OS by Google, Google Pay and other marks are trademarks of Google LLC. 

BIG BANG e titanium
BIG BANG e titanium
BIG BANG e ceramic
BIG BANG e ceramic

 

Video: https://www.youtube.com/watch?v=V6Y1fMHJrI8  
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L-com Launches New .085″ and .141″ Formable Coax Cables that are In Stock for Same-day Shipping

IRVINE, California, June 5, 2020 /PRNewswire/ — L-com, an Infinite Electronics brand and a preferred manufacturer of wired and wireless connectivity products, announced today that they have launched a new series of formable coaxial cable assemblies that are designed for use in telecom, military/defense, and laboratory test & measurement applications.

Formable cable (also known as conformable cable) is a flexible, re-formable alternative to semi-rigid coaxial cable that can be used where flexibility is required. These cables feature a tin-filled copper braid shield and perform like semi-rigid coax but can be hand formed, making it easy for field personnel and engineers to shape the cables to fit just about any physical space.

Four new cable series are now available including .085″ O.D. cables without jackets.085″ O.D. cables with jackets.141″ O.D. cables without jackets and .141″ O.D. cables with jackets. The jacketed versions of these formable cables are perfect for use in applications where the cables outer conductor could possibly cause a short inside of an enclosure.

All cables within the four new cable series feature various combinations of male and female BNC, Type-N, SMA and TNC coaxial connectors including right-angle and bulkhead mount options.

“These new formable cables are perfect for a variety of test, R&D and production applications including use in layout and design of pre-bent semi-rigid assemblies. By offering these new assemblies off-the-shelf, we can meet our customer’s urgent needs for high performance, formable coax cables,” said Steve Ellis, Product Line Manager.

L-com’s new formable coax cable assemblies are in stock and available for immediate shipment.

About L-com:

L-com, a leading manufacturer of wired and wireless connectivity products, offers a wide range of solutions and unrivaled customer service for the electronics and data communications industries. The company’s product portfolio includes cable assemblies, connectors, adapters, antennas, enclosures, surge protectors and more. L-com is headquartered in North Andover, Mass., is ISO 9001: 2015 certified and many of its products are UL® recognized. L-com is an Infinite Electronics brand.

About Infinite Electronics:

Based in Irvine, Calif., Infinite Electronics offers a broad range of components, assemblies and wired/wireless connectivity solutions, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, medical and telecommunications markets. Infinite’s brands include Pasternack, Fairview Microwave, L-com, MilesTek, Aiconics, KP Performance Antennas, PolyPhaser, Transtector, RadioWaves, ShowMe Cables, INC-Installs and Integra Optics. Infinite Electronics serves a global engineering customer base with deep technical expertise and support, with one of the broadest inventories of products available for immediate shipment.

Press Contact:

Peter McNeil
L-com
17792 Fitch
Irvine, CA
978-682-6936

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Tuniu to Report First Quarter 2020 Financial Results on June 10, 2020

NANJING, China, June 5, 2020 /PRNewswire/ — Tuniu Corporation (NASDAQ: TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2020, before the market opens on June 10, 2020.

Tuniu’s management will hold an earnings conference call at 8:00 am U.S. Eastern Time on June 10, 2020 (8:00 pm Beijing/Hong Kong Time on June 10, 2020).

Listeners may access the call by dialing the following numbers:

US

+1-888-346-8982

Hong Kong

+852-301-84992

Mainland China

4001-201203

International

+1-412-902-4272

Conference ID: Tuniu 1Q 2020 Earnings Call         

A telephone replay will be available one hour after the end of the conference call through June 17, 2020. The dial-in details are as follows:

US

+1-877-344-7529

International

+1-412-317-0088

Replay Access Code: 10144584

Additionally, a live and archived webcast of this conference call will be available at http://ir.tuniu.com/.

About Tuniu Corporation

Tuniu (Nasdaq:TOUR) is a leading online leisure travel company in China that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. Tuniu covers over 420 departing cities throughout China and all popular destinations worldwide. Tuniu provides one-stop leisure travel solutions and a compelling customer experience through its online platform and offline service network, including a dedicated team of professional customer service representatives, 24/7 call centers, extensive networks of offline retail stores and self-operated local tour operators. For more information, please visit http://ir.tuniu.com.

For investor and media inquiries, please contact:

China
Mary Chen
Investor Relations Director
Tuniu Corporation
+86-25-6960-9988
ir@tuniu.com

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Aetina Launches New Edge AI Computer Powered by the NVIDIA Jetson Platform

TAIPEI, June 5, 2020 /PRNewswire/ — Aetina Corp., a provider of high-performance GPGPU solutions, announced the new AN110-XNX edge AI computer leveraging the powerful capabilities of the NVIDIA® Jetson Xavier™ NX, expanding its range of edge AI systems built on the Jetson platform for applications in smart transportation, factories, retail, healthcare, AIoT, robotics, and more.

Aetina launch new edge AI computer powered by NVIDIA(R) Jetson Xavier(TM) NX.
Aetina launch new edge AI computer powered by NVIDIA(R) Jetson Xavier(TM) NX.

The AN110-XNX combines the NVIDIA Jetson Xavier NX and Aetina AN110 carrier board in a compact form factor of 87.4 x 68.2 x 52 mm (with fan). AN110-XNX supports the MIPI CSI-2 interface for 1x4k or 2xFHD cameras to handle intensive AI workloads from ultra-high-resolution cameras to more accurate image analysis. It is as small as Aetina’s AN110-NAO based on the NVIDIA Jetson Nano™ platform, but delivers more powerful AI computing via the new Jetson Xavier NX. With 384 CUDA® cores, 48 Tensor Cores, and cloud-native capability the Jetson Xavier NX delivers up to 21 TOPS and is the ideal platform to accelerate AI applications. Bundled with the latest NVIDIA Jetpack™ 4.4 SDK, the energy-efficient module significantly expands the choices now available for developers and customers looking for embedded edge-computing options that demand increased performance to support AI workloads but are constrained by size, weight, power budget, or cost.

Also, Aetina offers a full system, AN110-XNX-EN70 with fanless chassis enabling quick time to market. For backup support, Aetina offers BSP and DTB configuration updates for both standard and customized platforms in their service policy. The company is developing Jetson Xavier NX based edge computing platforms with 5G communications capability and full function browser-based edge device management. 

“Partnering with an edge-computing leader like NVIDIA supports our mission to deliver long-term embedded and industrial solutions to our customers across multiple industries,” said Eric Chu, PM of Aetina Corp. As an NVIDIA Preferred Partner, Aetina focuses on delivering edge AI computing solutions based on the Jetson platform for embedded applications. NVIDIA Jetson is the leading AI-at-the-edge computing platform, with nearly half a million developers. With support for cloud-native technologies now available across the NVIDIA Jetson lineup, manufacturers of intelligent machines and developers of AI applications can build and deploy high-quality, software-defined features on embedded and edge devices targeting robotics, smart cities, healthcare, industrial IoT and more.

The AN110-XNX is available now. For more information, please contact us at sales@aetina.com or visit our website at www.aetina.com.

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Acorn International Files 2019 Annual Report on Form 20-F

SHANGHAI, June 5, 2020 /PRNewswire/ — Acorn International, Inc. (NYSE: ATV) (“Acorn” or the “Company”) today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on June 3, 2020.  The annual report can be accessed on the Company’s investor relations website at http://www.acorninternationalgroup.com.

Acorn will provide a hard copy of its annual report for the fiscal year ended December 31, 2019, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR representatives, or in writing to Acorn International, Inc., 5/F, YueShang Plaza, 1 South Wuning Road, Shanghai 200042, People’s Republic of China.

About Acorn International, Inc.

Acorn International is a leading marketing and branding company in China, leveraging a twenty-year direct marketing history to monetize brand IP, content creation and distribution, and product sales, through digital media in China. For more information visit www.acorninternationalgroup.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This news release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “anticipates,” “believes,” “estimates,” “expects,” “future,” “going forward,” “intends,” “outlook,” “plans,” “target,” “will,” “potential,” and similar statements. Such statements are based on current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties, and other factors, all of which are difficult to predict and many of which are beyond Acorn’s control, including the extent and duration of the adverse impact of COVID-19, which may cause actual results, performance, actions, or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events, or otherwise, except as required by law.

Investor Contacts:

Contact:

Compass Investor Relations    
Ms. Elaine Ketchmere, CFA    
Phone: +1-310-528-3031 
Email: Eketchmere@compass-ir.com

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Source: Acorn International, Inc.

AI in Homes & Buildings Estimated to Garner Revenues of Nearly $9 Billion by 2030

Growth opportunities for predictive maintenance and voice assistance AI application will increase significantly over the forecast period, predicts Frost & Sullivan

SANTA CLARA, California, June 4, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Artificial Intelligence in the Global Homes & Buildings Industry, Forecast to 2030, finds that the deployment of artificial intelligence (AI) in the homes and buildings space is gaining rapid momentum across the globe as the industry is estimated to witness an approximate 15-fold increase by 2030. Increasing at a compound annual growth rate of 27.7%, the industry is likely to garner revenues of $8.98 billion by 2030, compared to $610.2 million in 2019.

Frost & Sullivan - AI in Homes & Buildings Industry
Frost & Sullivan – AI in Homes & Buildings Industry

For further information on this analysis, please visit: http://frost.ly/45i

“Demand for value-driven solutions and cost reduction due to increased operational efficiency are prominent market drivers of AI in the homes and buildings industry,” said Anirudh Bhaskaran, Energy and Environment Senior Industry Analyst at Frost & Sullivan. “Additionally, AI solution providers need to primarily focus on customers that are committed to sustainability and a circular economy.”

However, with COVID-19 uncertainty, building owners and managers are compelled to rethink their investment strategies as the crisis has propelled the need for AI-driven solutions more than ever before.

“From the perspective of AI application areas, demand for predictive maintenance capabilities will increase significantly over the forecast period,” Bhaskaran said. “This is because building owners and managers aim to reduce the downtime of building systems and increase their lifetime. Further, virtual voice assistance is another AI application that will be massively used for home automation and control.”

Incorporating AI in homes & buildings will add significant value for customers and enhance their experience. To tap into the growth prospects created by the use of AI in homes & buildings, technology vendors should focus on the following:

  • AI participants should target firms that are committed to sustainability and circular economy.
  • AI vendors need to target companies that have already incorporated building energy management system (BEMS) in their buildings.
  • To reach a larger mass, AI-based home solution providers need to partner with utilities, telecommunications companies, and insurers.
  • AI solution providers should have flexible business and payment models to maximize revenue potential.

Artificial Intelligence in the Global Homes & Buildings Industry, Forecast to 2030 is the latest addition to Frost & Sullivan’s Energy and Environment research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become 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.

 Artificial Intelligence in the Global Homes & Buildings Industry, Forecast to 2030

MF85

Contact:
Jaylon Brinkley
E: jaylon.brinkley@frost.com
T: 210.247.2481