Monthly Archives: June 2020

PR Newswire

TanvasTouch Surface Haptics named 2020 Display Component of the Year by the Society for Information Display

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Tanvas joins fellow honorees Apple, Audi AG, BOE Technology, Corning, Samsung Display, and Toray Industries also recognized for this year’s most significant technological advances in displays

CHICAGO, June 4, 2020 /PRNewswire/ — Tanvas, Inc. (https://tanvas.co), pioneers of the next generation of multi-touch haptic technology, today announced its TanvasTouch surface haptic technology has received the 2020 Display Component of the Year award from the Society for Information Display (SID). The 26th annual awards recognize the most significant technological advances in displays.

“Every year, the SID team reviews industrywide nominations in search of the most innovative display technology and the competition is always fierce,” said Dr. Helge Seetzen, President of SID. “This year’s recipients reflect the creativity of companies that pushed the boundaries of what’s possible and move our industry toward new breakthroughs. Tanvas stood out for its versatile surface haptic technology which has many practical applications across a broad range of markets. We are proud to shine a spotlight on the best of the best in display technology.”

Seven winners – Apple, Audi AG, BOE Technology, Corning, Samsung Display, Tanvas and Toray Industries – were chosen by a distinguished panel of experts who evaluated the nominees based on degree of technical innovation and commercial significance, as well as potential for positive social impact. Tanvas – the smallest and only privately held company on the list – debuted the latest in multi-touch haptic technology. TanvasTouch surface haptics are programmable textures and tactile effects that can be felt with the swipe of a finger across a physically smooth touch-enabled surface.

“The unique solid-state construction of TanvasTouch combines multi-touch and haptics in a single controller. Together, the sensor and actuator surface provide very low latency response and make it easy to integrate as a display component,” said Phill LoPresti, CEO of Tanvas. “This multimodal technology can combine with vibration-based haptics in automotive displays and surfaces as well as tablets, trackpads and any commercial display. As OEMs look for interesting ways to differentiate their products and applications, TanvasTouch provides an untapped opportunity to streamline designs and connect with end users in entirely new ways. With so many innovations in display technology, we are thrilled to see TanvasTouch acknowledged among a list of prestigious companies we regard so highly.”

The SID category Display Components of the Year recognizes novel components that have significantly enhanced the performance of a display. A component is sold as a separate part destined to be incorporated into a display and may also include display-enhancing materials and/or parts fabricated with new processes. Earlier this year at CES 2020, Tanvas debuted its TanvasTouch Desktop Development Kit as well as a 15″ automotive demonstration in collaboration with Innolux. The company also launched its first commercial product in collaboration with Mimo Monitors – a 10.1″ display for digital signage and conference rooms.

This year’s SID award recipients will be honored at the 57th Display Week scheduled to take place August 3-7, 2020 as a virtual event. Display Week is the world’s leading event focused on emerging electronic display and visual information technologies from concept to market. For more information about TanvasTouch or to learn about surface haptic display technology, visit www.tanvas.co.  

About Tanvas, Inc.
Tanvas is pioneering the next generation of multi-touch haptic technology. Despite advances in graphics, sound and vibration, today’s touchscreen is still a lifeless window to the digital world. TanvasTouch surface haptics add a new dimension of interaction by bringing software-defined textures and feelings to flat, physical surfaces. TanvasTouch can be built into any touch-enabled product across many applications including automotive, retail, consumer electronics, visually impaired and custom displays. The company was spun out of Northwestern University and is headquartered in Chicago.

Media Contact:
 Traci Hailpern
press@tanvas.co  

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Source: Tanvas, Inc.

PR Newswire

ReneSola Power and Nautilus Solar Energy Announce the Sale of a 10.4 MW Minnesota Community Solar Portfolio

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STAMFORD, Conn., June 3, 2020 /PRNewswire/ — In a joint statement today, ReneSola Ltd (NYSE: SOL) (“ReneSola Power”), a leading fully-integrated solar project developer, and Nautilus Solar Energy, LLC (“Nautilus”), a leading national solar project acquisition, development and asset management company, announced Nautilus’s acquisition of a 10.4 MW community solar portfolio developed by ReneSola Power in Minnesota.

Like previous acquisitions, including the 21MW purchase in 2019 and the two-13.3 MW acquisitions announced in 2017 and 2018, this portfolio also qualified under Xcel Energy’s community solar program in Minnesota. The portfolio is comprised of eight single axis tracker solar installations, each commonly referred to as a solar garden. The projects are located in counties across the southern half of Minnesota, and are designed to produce enough energy to power over 1,450 homes. The portfolio is expected to come online by the fourth quarter of 2020.

Nautilus will be responsible for the project management, long-term asset and subscriber management and maintenance services for this portfolio. In addition to having developed the projects, ReneSola Power will be responsible for securing the subscribers. The energy generated by the projects will directly benefit qualified commercial and residential off-takers situated within Xcel Energy’s service territory by providing energy cost savings while also advancing Minnesota’s 10 percent solar energy goal by 2030.

“We are excited to be working with the Nautilus team. This transaction once again demonstrates the project development expertise of our team in Minneapolis,” said John Ewen, CEO of ReneSola Power North America. “Despite ongoing macro uncertainties, both Nautilus and ReneSola teams successfully completed the transaction. Community solar remains an attractive market for us in the U.S., and we look forward to collaborating with Nautilus on other solar opportunities in the near future,” commented Yumin Liu, Chief Executive Officer of ReneSola Power.

“With this acquisition, we are able to significantly expand our subscriber presence in the Minnesota community solar marketplace to service smaller commercial and even residential customers,” said Jim Rice, Co-CEO of Nautilus Solar. “This successful transaction, being the fourth deal consummated with the ReneSola team over the last 3 years, further exemplifies Nautilus’s long-term commitment to working closely with our development partners,” added Jeffrey Cheng, President of Nautilus Solar.

About ReneSola Power

Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola Power (NYSE: SOL) is an international leading brand of solar project developer. Leveraging its global presence and solid experience in the industry, ReneSola Power is well positioned to develop green energy projects with attractive return around the world. For more information, please visit www.renesolapower.com.

About Nautilus Solar Energy, LLC

Nautilus Solar Energy, LLC (“Nautilus”) is a leading owner-operator of distributed generation and community solar projects located throughout North America. Over its 14-year history, the Nautilus team has successfully developed, acquired, managed, and invested over $1.2 billion of capital into solar projects. Nautilus is wholly owned by Power Energy Corporation, a subsidiary of Power Corporation of Canada (TSX:POW), a global diversified management and holding company. Join Nautilus on LinkedIn, Facebook and Twitter and/or visit www.nautilussolar.com for more information.

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Source: ReneSola Ltd.

PR Newswire

Companies can Now Sign Legally Binding Documents on Live Video Calls

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AUCKLAND, New Zealand, June 3, 2020 /PRNewswire/ — A new live video signing feature protects companies against fraud and contract disputes while maintaining social distancing.

Secured Signing’s Video Signing all-in-one platform
https://www.youtube.com/watch?v=2Z0kzDfIJe0

Secured Signing, one the world’s most trusted digital signature providers, today launched live Video Signing. This gives companies the power to sign legally binding documents on a video call.

Mike Eyal, the Managing Director of Secured Signing, said data showed companies were shifting more of their work online due to COVID-19. This shift has been driven by many countries updating their electronic signatures acts to allow documents to be signed and witnessed over video calls.     

“What we are now seeing is that COVID-19 is changing everything about how most businesses operate. There is a sharp rise in remote work, and companies are no longer able to meet in person to witness and sign contracts. With Secured Signing Video Signing, the entire signing process takes place on a live video call.”

Digital signatures provide built-in proof of the signer’s identity and intent. Live Video Signing comes with even stronger identity verification features, making it difficult to dispute contracts. This protection, known as non-repudiation, means the identities & intent of everyone signing the document are confirmed and recorded. So, no one can later deny signing the document.

Secured Signing’s Video Signing also delivers a better customer experience with the signing meetings on the all-in-one platform able to be setup in seconds allowing more time to go through details of the contract and clearly explain them. The whole process is easy, fast, and safe, added Eyal.

“You’ll now be able to sign documents using video signing, from any device, anywhere in the world. So, for example, now notaries or lawyers or financial advisors can start a video conference with the document they need signed and walk the signee through the document in a live, recorded video with the final signature added at the end of the conference call.”

Eyal said the goal was to provide simple, secure signing in one easy-to-use tool.

“Our customers won’t need any additional video conference software. The signed document has an access link to video session recording that is password protected and can be viewed after signing meeting has ended”.

“COVID-19 has disrupted our lives. It’s not business as usual right now. Organizations are responding in their own way, and there’s a lot of doubt and uncertainty. One thing is certain is that we have to adapt, and technology makes that process a lot easier. We hope our video signing feature will give businesses the tools they need to finalize documents safely online,” said Eyal.

Find out more about Secured Signings new Video Signing feature here: https://securedsigning.com/products/video-signing

About Secured Signing

Secured Signing provides a one-stop digital signature service that delivers a full range of form completion and eSigning capabilities. Using advanced, personalised X509 PKI Digital Signature technology it is more secure than a plain electronic signature. Secured Signing enables its users to use any device to capture their graphical signature, fill-in, sign, seal and verify documents anywhere, anytime. The solution streamlines business processes, cuts back on expenses, expedites delivery cycles, improves staff efficiency and enhances customer service in a green environment. To learn more about Secured Signing, visit www.securedsigning.com

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PR Newswire

Agora.io Expands Exclusive Reseller Partnership with Leading Japanese Video Solution Provider V-cube After Rapid Q1 Growth

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Usage in Japan increased 26x YoY in April, prompting new needs from Agora’s video solutions and software-defined dedicated network

SAN JOSE, Calif., June 3, 2020 /PRNewswire/ — Agora.io, the leading voice, video and live interactive streaming platform, today announced an expanded exclusive reseller partnership with V-cube, the number one video solution provider in Japan. Now, V-cube provides the whole series of Agora products including live streaming with local sales, marketing and technical support in the region.

Amid business and lifestyle changes brought on by COVID-19, V-cube recorded a 26-fold increase YoY in usage by its customers in Japan in April. With Agora’s cutting-edge real-time video solutions at the helm, businesses in nearly every industry from education, healthcare, and entertainment turned to V-cube for an answer on how to bring a sense of normalcy to their customers.

“In the wake of the coronavirus pandemic, our customers’ needs for online communication tools and features quickly became more apparent for their businesses,” said Naoaki Mashita, CEO of V-cube. “What we came to realize is those businesses needed more than just the entry-level tools they had been using. They needed a way to combine their services with video communication. Following discussions with our customers, it became clear the path forward was to expand our partnership with Agora. This would allow us to leverage its easy-to-use video solutions SDK and enable our customers with a new way to interact and engage with their users. Agora’s technology is proving to withstand increased demand thanks to its powerful and reliable network that is built to scale.”

Aside from helping existing clients incorporate new means for video streaming, V-cube also experienced significant growth with new clients in untapped markets including fitness, weddings, job recruiting and networking events. These companies were able to quickly introduce customizable streaming tools with Agora’s low-latency, large-scale video solutions accelerating distribution.

“V-cube is a highly trusted video solution provider in Japan, and we’ve been honored to work with them over the last three years,” said Reggie Yativ, COO at Agora.io. “The demand for real-time engagement outside of just video conferencing was growing prior to the pandemic, and the rapid growth V-cube has experienced is a testament to how organizations are accelerating their digital transformation plans. As we look ahead to the next phase of our partnership, we’re thrilled at the opportunity to bring businesses of all kinds the real-time engagement features they need.”

The next phase of this partnership allows V-cube and its customers to tap into Agora’s network of 200 globally distributed data centers and its proprietary Software-Defined Real-Time Network (SD-RTN™) to connect users globally via high-quality, real-time video engagement.

For more information about Agora’s partners or its live interactive video and voice SDKs for mobile, web or desktop apps, visit www.agora.io.

About Agora.io

Agora.io helps apps increase user engagement and retention with a developer platform for live, interactive audio, video, and messaging features at planetary scale. With a dedicated network and device-optimized SDKs, Agora is the only real-time engagement platform designed to cross borders and reach users on low-bandwidth networks and on lower-powered devices.

About V-cube

V-cube has the mission of “realizing an even society” and creates an environment where “anytime” and “anywhere” communication can be achieved. We are working to eliminate the inequality of various opportunities caused by the restrictions of distance. Through visual communication, we will reduce the time and distance in communicating with people and solve social issues such as an aging society with a declining birthrate, long working hours, education and medical disparities. We aim to realize a society where everyone can get equal opportunity.

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PR Newswire

Cheetah Mobile to Report First Quarter 2020 Financial Results on June 10, 2020

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BEIJING, June 3, 2020 /PRNewswire/ —  Cheetah Mobile Inc. (NYSE: CMCM) (“Cheetah Mobile” or the “Company”), a leading mobile internet company with global market coverage, today announced that it plans to release its first quarter 2020 financial results before the market opens on Wednesday, June 10, 2020. The earnings release will be available on the Company’s investor relations website at http://ir.cmcm.com.

Cheetah Mobile’s management will hold a conference call on Wednesday, June 10, 2020 at 8:00 A.M. Eastern Time or 8:00 P.M. Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-902-4272

United States Toll Free:

+1-888-346-8982

Mainland China Toll Free:

4001-201-203

Hong Kong Toll Free:

800-905-945

Conference ID:  

Cheetah Mobile

The replay will be accessible through June 17, 2020 by dialing the following numbers:

International:

+1-412-317-0088

United States Toll Free:

+1-877-344-7529

Access Code:

10144811

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.cmcm.com.

About Cheetah Mobile Inc.

Cheetah Mobile is a leading mobile Internet company with global market coverage. It has attracted hundreds of millions of monthly active users through its mobile utility products such as Clean Master and Cheetah Keyboard, casual games such as Piano Tiles 2 and Bricks n Balls. The Company provides its advertising customers, which include direct advertisers and mobile advertising networks through which advertisers place their advertisements, with direct access to highly targeted mobile users and global promotional channels. The Company also provides value-added services to its mobile application users through the sale of in-app virtual items on selected mobile products and games. Cheetah Mobile is committed to leveraging its cutting-edge artificial intelligence technologies to power its products and make the world smarter. It has been listed on the New York Stock Exchange since May 2014.

Investor Relations Contact

Cheetah Mobile Inc.
Helen Jing Zhu
Tel: +86 10 6292 7779 ext. 1600
Email: helenjingzhu@cmcm.com

ICR, Inc.
Xinran Rao
Tel: +1 (646) 417-5395
Email: ir@cmcm.com

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PR Newswire

Fortinet Lauded by Frost & Sullivan for Dominating the KSA Network Security Market with its Comprehensive Network Security Solutions

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Fortinet’s holistic, integrated, and automated approach towards network security for a highly connected ecosystem sets it apart in a competitive market

LONDON, June 3, 2020 /PRNewswire/ — Based on its recent analysis of the MEASA network security provider market, Frost & Sullivan recognizes Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, with the 2020 KSA Company of the Year Award for leading the Kingdom of Saudi Arabia in addressing digital innovation-related network security challenges. The expanding ecosystem of Internet of Things (IoT) devices, segmented networks, multi-cloud environments, and distributed data centers have multiplied the number of vulnerabilities in networks. Fortinet has addressed this challenge by pioneering cross-environment interoperability, regardless of where the security solutions are deployed. This ability to provide broad protection and visibility into every network segment, device, and appliance—whether virtual, in the cloud, or on-premise—gives it a distinct competitive edge.

“The Fortinet Security Fabric automatically synchronizes security resources to enforce policies, coordinate automated responses to threats detected anywhere in a customer’s network, and help easily manage the different security solutions and products through a single console,” said Saurabh Verma, Head of ICT, Middle East. “It addresses the expanded attack surface by providing end-to-end security and visibility across the network infrastructure. With the broadest range of high-performance security-driven networking solutions for data centers, branch offices, small business, and all major cloud providers, the Fortinet Security Fabric protects every segment of the network.”

Fortinet provides its channel base with an unparalleled business opportunity by delivering the most complete portfolio of IT security solutions. The breadth of its portfolio has earned the company a robust customer base spanning numerous market segments. In the UAE and KSA, Fortinet’s strategic customer wins and investments in areas such as R&D, training and support, new technologies, and service launches have helped it continue expanding. Impressively, the company has firmly entrenched itself in the telecom, government, education, BFSI, retail, and oil & gas sectors of KSA.

The company’s key focus is on ensuring its channels are equipped to tackle the security risks associated with new technologies such as artificial intelligence (AI) and machine learning (ML). It has designed patented and patent-pending solutions to deliver open, integrated, and forward-looking security and networking technologies that allow organizations to dynamically and securely adapt to change.  Fortinet’s FortiOS operating system, purpose-built ASIC technology, and its broad solutions portfolio comprise Fortinet’s best-of-breed network security offerings that customers across the country deploy.

“Fortinet empowers its KSA customers with additional security options gained through strategic partnerships and M&As. These solutions are both timely and highly relevant to its customer base, whether SMEs or large enterprises, as they progress on their digital innovation journeys,” noted Saurabh Verma. “With its strategic focus on portfolio diversity, revenue growth, and technological advancements, Fortinet is expected to continue dominating the network security market in the long term.”

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

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.

Contact:

Tarini Singh
P: +91-20 6718 9725
E: Tarini.Singh@frost.com

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PR Newswire

New Valencia Region Arrives in Black Desert Mobile

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SEOUL, South Korea, June 3, 2020 /PRNewswire/ — Pearl Abyss today announced that the new Valencia region has arrived in Black Desert Mobile. Starting today, Adventurers can delve deeper into the main story behind the world of Black Desert and fight against powerful enemies for valuable rewards.

New Valencia Region Arrives in Black Desert Mobile
New Valencia Region Arrives in Black Desert Mobile

Located east of Mediah, Valencia stretches across a large expanse of land that is equivalent in size to Balenos, Calpheon, Serendia, and Mediah put together. There is a vast desert that separates the Valencian Empire from the Republic of Calpheon and claims the lives of unprepared Adventurers.

West Valencia, which includes the Bashim and Waragon Territories, is the first of more Valencia region updates to follow in Black Desert Mobile. West Valencia offers Adventures a chance to acquire Abyssal-grade gear by defeating monsters that reside in the region. The main story of Black Desert Mobile will also be further unveiled as Adventurers play through the in-game quests.

Moreover, it will be easier for Adventurers to obtain high-grade Alchemy Stones as the success rate of crafting and synthesizing Alchemy Stones has been increased. In addition, auto-crafting is now available for Alchemy Stones.

Last but not least, Black Desert Mobile’s level cap has been raised to 75. Adventurers who reach the new level cap will be given a chance to fight against powerful monsters in the new region.

Visit Black Desert Mobile‘s official website for more information.

About Pearl Abyss

Best known for the MMORPG franchise Black Desert, Pearl Abyss is a leading developer in the game industry. Established in 2010, Pearl Abyss has since developed Black Desert for PC, mobile, and console, and is developing Shadow Arena for PC and console. All of Pearl Abyss’ games are built on the company’s own proprietary engine and are renowned for their cutting-edge graphics. The company is also developing Crimson Desert, DokeV, and PLAN 8 and is poised to continue its growth through 2020 and maintain its position as one of Asia’s leaders in game development. More information about Pearl Abyss is available at: www.pearlabyss.com  

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PR Newswire

KLEVV Builds on New SSD with Enhanced Line-up: Introducing NEO N610 2.5″ SATA & CRAS C710 M.2 NVMe SSDs

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HONG KONG, June 3, 2020 /PRNewswire/ — KLEVV, an emerging memory brand introduced by Essencore, announced the launch of two new products, the NEO N610 2.5″ SATA 6Gb/s SSD, and the CRAS C710 M.2 NVMe SSD. The next-generation solid-state drives are available in enhanced capacities of up to 1TB, offering accelerated system speeds while maintaining core stability. The introduction of these two new KLEVV SSDs is to provide an even more compelling SSD choice for users looking for rock-solid reliability and fast speeds for a wide range of uses.

NEO N610 2.5″ SATA 6Gb/s SSD: A Perfect Combination of Performance, Reliability, and Stability

KLEVV NEO N610 2.5" SATA SSD
KLEVV NEO N610 2.5″ SATA SSD

The NEO N610 2.5″ SATA 6Gb/s SSD features latest 3D TLC NAND and a 4-channel controller IC, which increases the amount of data that can be transmitted at any given time. Different from other KLEVV 2.5″ SSDs, NEO N610 provides an embedded DRAM buffer that enhances runtime performance while also extends the lifespan of the drive. It comes further equipped with a powerful LDPC ECC engine, an intelligent SLC caching algorithm, S.M.A.R.T. (self-monitoring, analysis, and reporting technology), over-provisioning, bad block management, and Global Wear Leveling technology. All of which combine to optimize performance, durability, reliability, and data integrity. The new NEO N610 SATA SSD comes in three capacities: 256GB, 512GB, 1TB, while delivering sequential read/write speeds of up to 560/520 MB/s, catering to customers with varied efficiency needs.

CRAS C710 M.2 NVMe SSD: Built for Gamers & Enthusiasts

KLEVV CRAS C710 M.2 NVMe SSD
KLEVV CRAS C710 M.2 NVMe SSD

Also offered in 256GB, 512GB and 1TB using 3D TLC NAND, the CRAS C710 M.2 NVMe SSD adopts PCIe Gen3 x4 interface supported by NVMe 1.3 technology. Which provides a sequential read speed of up to 2100 MB/s and a sequential write speed of up to 1650 MB/s, while retaining legacy technology to ensure stable performance even at high processing speeds, making it ideal for gaming or image processing. Optimized technologies include a thermal throttling algorithm to protect SSD integrity, SRAM error detection and correction, and CRC parity for end-to-end data path protection. In addition, the CRAS C710 shares all the essential functions that make KLEVV drives reliable, such as LDPC ECC technology, SLC caching, S.M.A.R.T. and Global Wear Leveling.

Responding to the Market with Additional Data Backup Software for Peace of Mind

By making customer service a top priority, Both CRAS C710 & NEO N610 have gone through KLEVV’s rigorous in-house examination process, and come with a five-year limited warranty as standard.  Further to that, KLEVV has improved user experience by providing complimentary Acronis® True Image™ HD 2018 software activation key, which gives users full disk-image backup access and universal restore functions for a seamless data transfer experience. Additional Acronis Active Protection function against ransomware is also available to help protect valuable data from this nefarious & modern data threat.

KLEVV products are distributed by Scorptec Computers in Australia. All lineups are available at Scorptec’s online and offline stores.

Find out more about the full range of Essencore/KLEVV products at: http://www.essencore.com/ and http://www.klevv.com.

About Essencore

Established in 2014, Essencore Limited, a company founded by a group of key figures from the major memory IDMs, aims to become the world’s top vendor of DRAM modules and NAND flash application products. The company started with one goal: to “Change the world and be a leader in semiconductor distribution”. The business strategies of Essencore is to adopt the newest technologies to differentiate ourselves in front of customers from competitors, deliver dedicated Memory products, and offer various product portfolio for customer’s competition readiness. For more information, please visit www.essencore.com.

About KLEVV

KLEVV, is a premium brand of Essencore, the major Module and NAND Flash application product vendor. The KLEVV range includes gaming memory modules, microSDs, USB flash drives, and solid state drives. KLEVV is committed to delivering world-class products with first-rate quality. All products are designed in South Korea, home of the world’s top two largest memory IDMs. KLEVV memory has been recognized by Germany’s Red Dot Design Award in 2015 and 2019. For more information, please visit www.klevv.com.

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PR Newswire

China Online Education Group Announces Proposed Follow-on Public Offering of American Depositary Shares

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BEIJING, June 3, 2020 /PRNewswire/ — China Online Education Group (“51Talk” or the “Company”) (NYSE: COE), a leading online education platform in China, with core expertise in English education, today announced the commencement of a proposed registered underwritten public offering by the Company and certain selling shareholders of American depositary shares (the “ADSs”), each representing fifteen (15) Class A ordinary shares of the Company. The Company proposes to offer 428,571 ADSs (the “Primary ADS Offering”), and the selling shareholders propose to offer 1,000,000 ADSs (the “Secondary ADS Offering” and, together with the Primary ADS Offering, the “ADS Offering”). The underwriters in the ADS Offering will have a 30-day option to purchase up to 214,285 additional ADSs from the Company and certain selling shareholders solely for the purpose of covering overallotment.

Morgan Stanley & Co. LLC and Needham & Company, LLC are acting as the joint book-running managers for the ADS Offering.

The ADSs will be offered pursuant to the Company’s shelf registration statement on Form F-3 (the “Form F-3”), as amended, which was originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 6, 2020 and became effective on May 8, 2020. A preliminary prospectus supplement related to the proposed ADS Offering will be filed with the SEC. The Form F-3 and the preliminary prospectus supplement will be available at the SEC website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from (1) Morgan Stanley & Co. LLC, Prospectus Department, 2nd Floor, 180 Varick Street, New York, NY, 10014, United States of America, or by calling 1-866-718-1649, or by email at prospectus@morganstanley.com; (2) Needham & Company, LLC, Attention: Syndicate Prospectus Department, 250 Park Avenue, 10th Floor, New York, New York 10177, or by calling 800-903-3268, or by email at prospectus@needhamco.com.

This announcement shall not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

This press release contains information about the pending offering of the ADSs, and there can be no assurance that the offering will be completed.

About China Online Education Group

China Online Education Group (NYSE: COE) is a leading online education platform in China, with core expertise in English education. The Company’s mission is to make quality education accessible and affordable. The Company’s online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand. The Company connects its students with a large pool of highly qualified foreign teachers that it assembled using a shared economy approach, and employs student and teacher feedback and data analytics to deliver a personalized learning experience to its students.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “aims”, “future”, “intends”, “plans”, “believes”, “estimates”, “likely to” and similar statements. 51Talk may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about 51Talk’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 51Talk’s goals and strategies; 51Talk’s expectations regarding demand for and market acceptance of its brand and platform; 51Talk’s ability to retain and increase its student enrollment; 51Talk’s ability to offer new courses; 51Talk’s ability to engage, train and retain new teachers; 51Talk’s future business development, results of operations and financial condition; 51Talk’s ability to maintain and improve infrastructure necessary to operate its education platform; competition in the online education industry in China; the expected growth of, and trends in, the markets for 51Talk’s course offerings in China; relevant government policies and regulations relating to 51Talk’s corporate structure, business and industry; general economic and business conditions in China, the Philippines and elsewhere and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 51Talk’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 51Talk does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

China Online Education Group
Investor Relations
+86 (10) 8342-6262
ir@51talk.com  

The Piacente Group, Inc.
Brandi Piacente
+86 (10) 6508-0677
+1 (212) 481-2050
51talk@tpg-ir.com 

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Memory, Power and AI Semiconductors in 5G to Hit $15.03 Billion in Revenues by 2025, Finds Frost & Sullivan

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5G semiconductor applications witness unprecedented growth, driven by increasing data traffic and hardware improvements

SANTA CLARA, California, June 3, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Growth Opportunities for Memory, Power, and Artificial Intelligence (AI) Semiconductors in 5G, Forecast to 2025, finds that the 5G AI, memory, and power amplifier (PA) semiconductor market is rapidly transitioning from a nascent stage to a growth stage. It is strongly driven by exponentially increasing data traffic, technological advancements leading to hardware performance and capability improvements, and the emergence of new use cases. Registering an unprecedented growth at a compound annual growth rate (CAGR) of 74.3%, the market for 5G AI, memory, and PA semiconductors is estimated to garner revenue of $15.03 billion by 2025 from $536.9 million in 2019.

Frost & Sullivan - 5G
Frost & Sullivan – 5G

For further information on this analysis, please visit – http://frost.ly/458.

“5G is in the early commercialization stage, and a majority of the deployments in the coming years are expected to be in the sub-6 GHz range. Hence, short-term opportunities will be limited to traditional devices, such as smartphones, communication infrastructure, and laptops,” said Prabhu Karunakaran, Test & Measurement Industry Analyst at Frost & Sullivan. “Further, the AI processor market for 5G applications is rapidly growing, specifically in edge devices. They are expected to play a significant role in various devices, including edge servers and autonomous cars.”

Karunakaran added, “Memory integrated circuits (ICs) supporting 5G end-user markets will be the highest contributors. Power amplifier IC is estimated to have generated larger revenue due to multiple 5G deployments, with revenue from the infrastructure segment. Additionally, AI is in the infancy stage and is expected to grow significantly in the next five years.”

To tap into opportunities created by memory, PA, and AI semiconductors in 5G, Frost & Sullivan has identified key prospects in the:

  • Manufacturing Sector: To mitigate the issues of surging operational costs in the manufacturing sector, semiconductor companies must work with network equipment manufacturers and robotics system manufacturers to integrate cost-effective memory, PA, and AI chips and capitalize on the opportunity.
  • Healthcare Sector: The spread of the COVID-19 pandemic has resulted in a sudden rise in the adoption of robotics in the healthcare sector. AI and PA market participants should look into optimizing the existing products to leverage this unprecedented opportunity.
  • Automotive Sector: Autonomous vehicles need an ultra-fast, reliable network that processes huge volumes of data. Hence, 5G AI, PA, and memory device manufacturers should develop automotive-grade devices that function reliably.
  • Retail Sector: AI, memory, and PA semiconductor market participants should increasingly focus on developing solutions for 5G edge servers that will require processing large data volumes.
  • Agriculture Sector: Digitization is transforming the agriculture sector rapidly. Market players must work with system and device manufacturers to develop cost-effective, application-specific integrated circuits to enhance farm productivity.

Growth Opportunities for Memory, Power, and Artificial Intelligence (AI) Semiconductors in 5G, Forecast to 2025 is the latest addition to Frost & Sullivan’s Test & Measurement 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.

Growth Opportunities for Memory, Power, and Artificial Intelligence (AI) Semiconductors in 5G, Forecast to 2025
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Media Contact:
Priya George, Corporate Communications
M: +91 98403 55432; P: +91 44 6681 4414
E: priyag@frost.com 

http://ww2.frost.com

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