Monthly Archives: June 2020

PR Newswire

IFS Named a Visionary in Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises Report

Leave a comment

– IFS recognized for completeness of vision and ability to execute

LONDON, June 25, 2020 — IFS, the global enterprise applications company, announces that IFS has been named a Visionary in Gartner’s Magic Quadrant for Cloud ERP for Product-Centric Enterprises* for its extended ERP platform IFS Applications™.

To be included in this report, vendors like IFS had to meet requirements on product or service, customer experience, operations, and geographic strategy. IFS was proud to be evaluated.

IFS is the cloud ERP vendor of choice for some of the world’s leading businesses across industry verticals such as manufacturing, service management, aerospace and defense, energy, utilities and resources, and engineering, construction and infrastructure. Some of the most recent customers include leading French waste management group Séché Environnement, world-leading supplier of advanced spring wire Suzuki Garphyttan, liquefied natural gas industry leader Höegh LNG, and leading producer of batteries for the aerospace and defense sector EaglePicher. IFS cloud and SaaS revenue for FY 2019 increased 56% versus the same period of 2018 (excluding Astea and WorkWave revenue).

"Our singular focus is to deliver products that create value for our customers throughout their entire lifecycle, whether in manufacturing, asset management, supply chain management, after-sales service management or any combination of these functions," IFS Chief Product Officer Christian Pedersen said. "We are concentrating and accelerating our investments to power intelligent and autonomous enterprises on a scale we haven’t seen before. We are proud to offer proven industry solutions in whatever way makes sense for our customers: natively in the cloud or on-premises. We are very pleased to be acknowledged by Gartner in this report, which we see as a testament to our unwavering commitment to customer value and choice."

IFS’s business platform extends across full-scale ERP capabilities including financials, HR, supply chain and project management, all fully integrated with best-in-class support for enterprise asset management (EAM), and service management and realized through a beautiful user experience. Global leaders in industries such as manufacturing, aerospace & defense, energy & utilities, engineering & construction, and service provision trust IFS’s cloud solutions to deliver better business outcomes. 

IFS’s comprehensive product offering has been recognized in a multitude of industry analyst research. The company was recognized in April 2019 Gartner Magic Quadrant for Field Service Management**.

Based on customer feedback and ratings, IFS was also recognized as a February 2020 Gartner Peer Insights Customers’ Choice for Enterprise Asset Management Software***.

Access a complimentary copy of the Gartner Magic Quadrant for Cloud ERP for Product-Centric Enterprises report here: https://info.ifs.com/2020-Gartner-Magic-Quadrant-Cloud-ERP_Gated.html.

*Gartner, Magic Quadrant for Cloud ERP for Product-Centric Enterprises, Tim Faith, Duy Nguyen, Dennis Torii, Paul Schenck, Christian Hestermann, 22 June 2020

** Gartner "Magic Quadrant for Field Service Management," Jim Robinson, April 16, 2019.

*** Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

For more information, please contact:
Lyndsey Rojas
IFS Director of Communications
Phone: +1-888-437-4968
press@ifs.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ifs/r/ifs-named-a-visionary-in-gartner-magic-quadrant-for-cloud-erp-for-product-centric-enterprises-report,c3141497

The following files are available for download:

 

PR Newswire

New Fixed Load VNA Calibration Kits with Connector Series Supporting up to 50 GHz Calibration Capability

Leave a comment

New SOLT Calibration Kits Offered with Four Additional Interconnect Options 

IRVINE, California, June 26, 2020 — Pasternack, an Infinite Electronics brand and a leading provider of RF, microwave and millimeter wave products, has just released a new line of short-open-load-through (SOLT) calibration kits that are ideal for use in test and measurement, lab and RF & Microwave production test applications.

SOLT-Calibration-Kits
SOLT-Calibration-Kits

Pasternack’s expanded line of VNA calibration kits are available in 12 versions including short circuit, open circuit and load kits (SOL) as well as short circuit, open circuit, load and thru kits (SOLT) with 2.4mm, 2.92mm, 3.5mm, 7/16 DIN, 7mm, BNC and N-Type interface options.

Each of these new VNA calibration kits from Pasternack include all of the necessary short circuit, open circuit, loads and thru (model dependent) components required for VNA calibration. The kits are suitable for many vector network analyzers from the industry’s leading providers such as Agilent, Rohde & Schwarz, Anritsu and Copper Mountain. These RF test and measurement kits come packaged in protective wooden boxes.

The new SOLT calibration kits offer excellent performance characteristics that are specially designed for the fine-tuning and calibration of sensitive test equipment in engineering labs, production environments and quality testing facilities. Every Pasternack calibration kit is built to withstand years of rigorous use and provides accurate RF equipment calibration for the life of the product.

"A properly calibrated VNA is required for precise characterization of RF and microwave components used in a myriad of industries and applications. These new SOLT calibration kits provide the precision components that are essential to perform accurate analyzer calibrations," said Steve Ellis, Interconnect Product Line Manager at Pasternack. 

Pasternack’s new SOLT calibration kits are in stock and available for immediate shipping with no minimum order quantity required.

For inquiries, Pasternack can be contacted at +1-949-261-1920.

About Pasternack:
A leader in RF products since 1972, Pasternack is an ISO 9001:2015 certified manufacturer and supplier offering the industry’s largest selection of active and passive RF, microwave and millimeter wave products available for same-day shipping. Pasternack 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 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
Pasternack
17792 Fitch
Irvine, CA 92614
(978) 682-6936

Photo – https://techent.tv/wp-content/uploads/2020/06/new-fixed-load-vna-calibration-kits-with-connector-series-supporting-up-to-50-ghz-calibration-capability.jpg
Logo – https://techent.tv/wp-content/uploads/2020/06/new-fixed-load-vna-calibration-kits-with-connector-series-supporting-up-to-50-ghz-calibration-capability-2.jpg  

 

Android, Hands On, Mobile, Video

Samsung Galaxy A71 Hands On

Leave a comment

The #Samsung #GalaxyA71, placed in the #GalaxyA(w-Suh-m) series. Is the new mid tier all rounder that you never expected. Giving you decent power together with a #SuperAMOLED+ display and a high megapixel camera. With Samsung’s new design language, most of Samsung’s devices looks similar but with an attention to detail each phone has its own unique touch to make it stand out. For the #A71 is the 3 slahes on its back and simultaneously refracting light giving you and array of red, green and blue. The Galaxy A71 is now available in Malaysia for MYR1,799

Running a Qualcomm Snapdragon 730 paired with 8GB RAM and 128GB storage. All that goodies is power by a 4,500 mAh battery that can last you all day long. If you are running low on battery, not to worry as it comes with a 25W fast charging to get you ready and going as quick as it can.

Follow us on Social Media!

www.facebook.com/techenttv

www.twitter.com/techenttv

www.instagram.com/techenttv

PR Newswire

IIoT and 3D Printing Propel Growth for North American Industrial Valve Makers amid Volatile Market

Leave a comment

Rising demand for digital technologies and need to upgrade existing refineries to offset COVID-19 impact on the sector, finds Frost & Sullivan

SANTA CLARA, Calif., June 26, 2020 — Frost & Sullivan’s recent research, Analysis of the North American Industrial Valves Market, Forecast to 2026, predicts that this market will reach $7.45 billion by 2026 because of the growing potential of digital technologies, namely the Industrial Internet of Things (IIoT) and 3D printing, across industry verticals. Although the market is mature, rising demand for smart solutions and the need to upgrade existing systems to meet enhanced safety regulations will offer new opportunities for market participants.

IIoT and 3D Printing Propel Growth for North American Industrial Valve Makers amid Volatile Market
IIoT and 3D Printing Propel Growth for North American Industrial Valve Makers amid Volatile Market

For further information on this analysis, please visit: http://frost.ly/464

“Although prolonged geopolitical tensions and a bleak investment climate in North America have negatively impacted the sector, there are positive growth opportunities for the long term. These include the gradual integration of IIoT across asset-intensive industries and demand from end-user industries such as power generation to meet enhanced safety regulations,” said Riti Newa, Industrial Research Associate. “However, in the short term, the market will be subject to sharp revenue declines amid the ongoing pandemic. The COVID-19 outbreak has impacted all end users, especially the oil & gas industry, as evident from the unprecedented decline in its demand. As the financial crisis intensifies due to the pandemic, new investment opportunities will be relatively low in 2020.”

Newa added: “Market participants are responding to protracted market tensions and the gradual transition of end users to digital solutions by introducing new products such as smart valves, smart actuation and control products and automated fluid control systems to augment the use of IIoT. They are also shifting from a product-centric to a service-centric approach and are strengthening their service offerings to secure recurring revenue. Additive manufacturing is also expected to remain a key focus area for the industrial valves market due to the cost-effectiveness and flexibility of 3D printing. As requests from end users become more specific, solution providers will have to consider 3D printing to offer customized product lines.”

Given the already mature market, industrial valve manufacturers should focus their efforts on growth strategies that would enable diversified product lines while integrating digital technology in market offerings.

For further revenue opportunities, industrial valve manufacturers should:

  • Collaborate with digital solution providers and niche IoT companies to seamlessly integrate digital technologies into their product lines.
  • Adapt and modify their product lines by partnering with system integrators and IT solution providers for digitally connected valve solutions with holistic data analytics.
  • Invest in research and development (R&D) for smart software and data analytics platforms that can enable high-asset visibility and remote monitoring services for end users.
  • Partner with 3D printing companies to acquire in-house expertise and infrastructure for 3D printing.
  • Establish service lifecycle management and centers of excellence to ensure optimum client engagement with services provided.

Analysis of the North American Industrial Valves Market, Forecast to 2026 is part of Frost & Sullivan’s global Industrial Automation Growth Partnership Service program.

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.

Analysis of the North American Industrial Valves Market, Forecast to 2026

K3DA-10

Contact:

Melissa Tan
Corporate Communications
T: +65 6890 0926
E: melissa.tan@frost.com

PR Newswire

Cyient Collaborates with Microsoft to Accelerate Internet of Things Solutions for Industry 4.0

Leave a comment

Verified IoT Edge Gateways and software enhance interoperability and allow faster time to production.

HYDERABAD, India, June 26, 2020 — Cyient, a global engineering and technology solutions company, today announced it has joined Microsoft Azure Certified for Internet of Things (IoT), ensuring customers get IoT solutions up and running quickly with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services. Microsoft Azure Certified for IoT allows businesses to reach customers where they are, working with an ecosystem of devices and platforms, allowing for faster time to production. 

Suman Narayan, Senior Vice President, Semiconductors and Medical Technologies and Healthcare, Cyient
Suman Narayan, Senior Vice President, Semiconductors and Medical Technologies and Healthcare, Cyient

Cyient combines 28 years of operations technology experience and industry domain knowledge with its digital solutions and services expertise to help businesses simplify complex IoT implementations and manage the convergence of OT/IT for improved outcomes.  From solving a single, high-impact customer challenge to mapping out a strategic roadmap for superior operations, Cyient helps customers Connect, Integrate, Analyze, and Act on data to drive actions. 

Cyient IoT Edge Gateway 5400, the flagship product in the company’s family of IoT gateways, is Microsoft Azure Certified for IoT. It provides customers with a modular and scalable edge gateway for seamless connectivity of legacy machines and next-gen intelligent devices to the Industrial IoT network and the cloud. Cyient’s IoT Edge Gateway 5400 provides diverse connectivity and communication protocol options, advanced data processing, and edge analytics capabilities for remote asset monitoring and predictive maintenance solutions.  Cyient’s modular platform approach to hardware and software, with plug-and-play modules and over-the-air firmware updates, ensure your long-life assets evolve as your business and technology evolve.

Speaking on the collaboration, Suman Narayan, Senior Vice President, Semiconductors and Medical Technologies and Healthcare at Cyient, said, "Industries today are increasing focus on digital technology and building intelligence into equipment for remote monitoring and to extend asset life, improve customer experience, and ensure regulatory compliance. The Microsoft Azure IoT Certification validates Cyient’s ability to accelerate IoT deployments for customers and ensure seamless integration from the edge to the cloud."

"Microsoft Azure Certified for IoT extends our promise to bring IoT to business scale, starting with interoperable solutions from leading technology companies around the world," said Jerry Lee, Director of Marketing for Azure Internet of Things, Microsoft Corp. "With trusted offerings and verified partners, Microsoft Azure Certified for IoT accelerates the deployment of IoT even further."

IoT projects are complex and take a long time to implement. Customers find that choosing and connecting the right set of devices, assets or sensors to the cloud can be time-consuming. To jumpstart their IoT projects with confidence, customers are looking for certified devices and platforms that are tested for readiness, compatibility and usability with the Microsoft Azure IoT Suite. By choosing a partner from the Microsoft Azure Certified for IoT program, customers can save time and effort on project specs and RFP processes by knowing in advance what devices and offerings will work with the Azure IoT Suite.

Learn more about this collaboration at Azure Certified for IoT and explore the Azure IoT Suite today.

About Cyient:

Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company.  As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems.

Cyient partners with customers to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

For more information, please visit www.cyient.com

Follow news about the company at @Cyient

Disclaimer: All product and company names herein may be trademarks of their registered owners.

Contact Details

Media Relations
Perfect Relations
Vishal Thapa
Mobile: +91 9701834446
Email: vthapa@perfectrelations.com

Photo – https://techent.tv/wp-content/uploads/2020/06/cyient-collaborates-with-microsoft-to-accelerate-internet-of-things-solutions-for-industry-4-0.jpg
Logo – https://mma.prnasia.com/media2/289359/cyient_logo.jpg?p=medium600

Related Links :

http://www.cyient.com

PR Newswire

Phoenix Contact, Quectel and Ericsson jointly develop the first industrial 5G router for private networks

Leave a comment

SHANGHAI, June 26, 2020 — Phoenix Contact, Quectel and Ericsson have worked together to develop and deploy the first industrial 5G router for local industrial applications in a private 5G network.

With the help of the newly developed 5G Router, industrial applications, such as machines, controls and other equipment, can now be connected to a private 5G network and thus be orchestrated in their resource usage, priority and behavior. They therefore offer a decisive advantage compared to previous mobile radio solutions, which can only use all – mostly license-free – radio bands with a best effort principle and which have to accept performance losses in equal measure when the radio spectrum is heavily occupied.

To achieve this, all three companies brought their strengths together: Phoenix Contact as the first choice supplier of WLAN, Bluetooth and mobile radio routers for industrial applications, Quectel as the leading global supplier of cellular and GNSS modules and Ericsson supporting the product development as a network supplier and a leading force of the 5G technology development. By starting to interact at an early stage, the three companies have been able to rapidly develop a solution that provides industrial-grade performance over private 5G networks. The collaboration between Quectel, Phoenix Contact and Ericsson has seen extensive interoperability testing at the Ericsson lab to ensure the reliable commercial performance of the 5G router. The experience made is highly important for Ericsson following the strategic approach offering 5G solutions jointly with mobile network operators towards the industry. In addition, all three companies cooperated closely to enable Industry 4.0 applications with this 5G standalone private network. 

About Quectel

Quectel is the leading global supplier of cellular and GNSS modules, with a broad product portfolio covering 5G, LTE/LTE-A, NB-IoT/LTE-M, UMTS/HSPA(+), GSM/GPRS and GNSS. As a professional IoT technology developer and cellular module supplier, Quectel is able to provide one-stop services for IoT modules. Quectel products have been widely applied across IoT/M2M including for smart payment, telematics and transport, smart energy, smart cities, security, wireless gateways, industry, healthcare, agriculture and environment monitoring. The company launched the first 5G based modules at MWC 2019, which use Qualcomm’s SDX55 chipset and support 5G Release15 in both NSA (non-stand-alone) and SA (stand-alone) modes, with RG500Q/RM500Q supporting sub-6GHz and RG510Q/RM510Q supporting sub-6GHz and mmWave. For more information: www.quectel.com, LinkedIn, Facebook and Twitter.

Contact: Ashley Liu, 86-551-6586 9386 x 8016, media@quectel.com

PR Newswire

AuraPortal Announces Move Beyond RPA to Deliver Hyperautomation

Leave a comment

A complimentary copy of the Gartner report “Move Beyond RPA to Deliver Hyperautomation” has been made available on AuraPortal’s website.

MIAMI, June 25, 2020 — According to Gartner, “Enterprise architecture and technology innovation leaders lack a defined strategy to scale automation with tactical and strategic goals. They must deliver end-to-end automation beyond RPA by combining complementary technologies to augment business processes. Gartner calls this ‘hyperautomation’.”

End-to-end automation is more essential than ever before, and enterprises worldwide are reprioritizing their digital strategies to rapidly adapt to the current environment. AuraPortal recognizes this pressing need and has made this complementary report available to help enterprise architecture and technology innovation leaders develop key strategies for enabling hyperautomation and plan strategic roadmaps by aligning business goals, identifying processes to optimize and choosing complementary technologies.

Combining technology could potentially lead to disparate software silos or seamless end-to-end automation and given that no single vendor specializes in all cutting-edge technologies, enterprises must carefully evaluate which technology combinations can power their automation strategies and achieve the desired business outcome.

In the report, Gartner explains about the following technologies:

1)  BPM Platforms

“Intelligent BPM suites (iBPMS) have a solid foundation of tools for orchestrating processes and automating tasks within those processes.”

2)  RPA

“RPA is a noninvasive integration technology used to automate routine, repetitive and predictable tasks through orchestrated UI interactions that emulate human actions.”

3) Low-code Application Platforms

“The graphical nature of LCAP development environments can be used for modeling rapid automation of a business process.”

4) Process mining and discovery/analytics

“Process mining is designed to discover, monitor and improve real processes by extracting knowledge from the event logs readily available in application systems.”

5) Decision management suites/ Business Rules Management Systems

“DMSs are used to supplement conventional application development and runtime tools when a business application includes decisions that entail complicated or frequently changing logic.”

6) AI

Examples of how to augment business processes with AI.

For more information about this report visit: https://www.auraportal.com/move-beyond-rpa-to-deliver-hyperautomation

Source: Gartner, Move Beyond RPA to Deliver Hyperautomation, Saikat Ray, Cathy Tornbohm, Marc Kerremans, Derek Miers, December 16, 2019.

Media Contact:

Kirsty Roberts, Marketing specialist
info@auraportal.com

PR Newswire

Planful Raises Equity Round to Meet Increasing Demand for Its Cloud-Based FP&A Solution

Leave a comment

Additional Funds from Majority Shareholder Vector Capital and Other Leading Investment Firms Position Planful to Seize Market Opportunities, Invest in Product, and Drive Go-to-Market Initiatives

REDWOOD CITY, California, June 25, 2020 — Planful Inc. (formerly Host Analytics), a leading financial planning and analysis (FP&A) cloud platform provider, today announced that the company has raised an equity round led by Vector Capital, a leading global private equity firm that specializes in transformational investments in established technology businesses. The equity round also included existing investors StarVest Partners and Monroe Capital. Planful expects to use the proceeds to meet growing global demand for its cloud-based FP&A solution and interest in its Continuous Planning vision.

Planful has seen a marked increase in the use of its platform by existing customers, including Bose, the Boston Red Sox, and Del Monte, as businesses rapidly analyze various factors affecting performance and run more frequent forecasting scenarios using Planful’s intuitive platform. With a Continuous Planning approach, Planful customers can compress cycle times and facilitate faster collaboration with increased process and data connectivity throughout every corner of the organization, increasing agility and enabling faster, more confident planning and decision-making.

“We live in an increasingly dynamic world and the traditional planning process with spreadsheets and annual budgets no longer works for modern businesses,” said Luis Martinez Luna, Senior Financial & Business Analyst at Bose, a manufacturing company that predominantly sells audio equipment. “With Planful, we’re able to ensure there is connectedness across the business throughout the planning process, giving us a single source of truth that is flexible enough to serve all units of our business, regardless of the economic climate.”

Planful CEO Grant Halloran said, “The COVID-19 pandemic has been a stark realization for many businesses that the need to modernize the back office is critical. We’ve seen a significant increase in demand for our platform over the past several months and have the capital backing to expand our team and go-to-market capabilities, as well as accelerate our product roadmap. Our recently announced Planful Now offering enables businesses to be up and running in 30 days or less, realizing the value of our solution more quickly than ever before.”

About Planful
Planful is a leading financial planning and analysis (FP&A) cloud platform. Planful delivers a vision of Continuous Planning by accelerating the end-to-end FP&A process and fostering business-wide participation in agile planning and decision-making. More than 800 customers including Bose, Boston Red Sox, Del Monte, TGI Friday’s, and 23andMe rely on Planful for financial planning and budgeting, dynamic operational planning, financial consolidations, reporting, and visual analytics. Planful is a private company backed by Vector Capital, a leading global private equity firm specializing in transformational investments in established technology businesses. Learn more at www.planful.com.

Additional Resources
View on-demand content from the Planful Virtual Tour
View FP&A resources to navigate an uncertain world
Learn more about Planful customers
Join the conversation on social media: LinkedIn, Twitter, or Facebook.

Contact
press@planful.com

PR Newswire

Redtea Mobile Engages in Joint Effort to Implement nuSIM for IoT

Leave a comment

SINGAPORE, June 25, 2020 — Redtea Mobile, the pioneering connectivity solution provider has engaged in the joint effort to introduce nuSIM, the integrated SIM for IoT, which brings clear benefits for costs, power consumption and overall design simplicity by fully integrating the SIM functionality on a chipset.

The joint solution was developed in accordance with Deutsche Telekom’s open nuSIM specification and consists of a trusted application from Redtea Mobile in a Quectel BG95 module containing a Qualcomm® LTE 9205 chipset. The integrated nuSIM will be an important enabler, in particular for cost-efficient devices used in mobile IoT applications with a long lifespan, such as asset trackers or smart sensors.

“We are honored to work with leading industry players including Deutsche Telekom, Qualcomm Technologies, and Quectel to provide an innovative new means to simplify the deployment of ubiquitous connectivity in the IoT space,” said Xiaodong Guo, VP of Strategic Partnerships & Projects at Redtea Mobile. “Redtea Mobile is on a mission to simplify connectivity for a more productive world. By moving the SIM function into the chipset, mobile operator data is added through a secure process step at the time of module or device manufacturing and the end-customer gets instant connectivity without any additional actions.”

“Since introducing the nuSIM initiative at the beginning of last year, Deutsche Telekom has been working with various industry leading partners, including Redtea Mobile, on the basis of an open and interoperable specification,” said Stefan Kaliner, Head of UICC Development at Deutsche Telekom. “The trusted application developed by Redtea Mobile is the nuSIM OS, which provides the functionality to receive and process an encrypted nuSIM profile so that the result behaves exactly like a classical SIM.”

“The addition of Redtea Mobile’s trusted application as part of the integrated nuSIM solution on the Qualcomm 9205 LTE modem, leveraging the Qualcomm® Trusted Execution Environment, will help further support reliable, secure and optimized cellular connectivity for IoT applications globally,” said Vieri Vanghi, Vice President, Product Management, Qualcomm Europe, Inc. “We are proud of our collaboration with Redtea Mobile, Quectel and Deutsche Telekom as it will help drive increased adoption of nuSIM technology, which is necessary to develop the next generation of secure, cost-efficient and low-power IoT devices.

“Quectel Wireless Solutions has securely integrated the Qualcomm 9205 LTE Modem and nuSIM OS into our BG95-M3 LTE Cat M1/Cat NB2/EGPRS module to create an ultra-low power product,” concludes Dominikus Hierl, SVP EMEA at Quectel Wireless Solutions. “The result is ideally suited for a wide range of IoT applications such as wireless POS, smart metering, tracking, or wearable devices, where the removal of the physical SIM component helps to reduce device size and save on cost and power consumption.”

About Redtea Mobile

Redtea Mobile is an eSIM core technology innovator and connectivity solution provider, focusing on connectivity efficiency improvement and eSIM penetration across a wide range of industry verticals to cover the critical issues in massive IoT deployments in the 5G era. Redtea Mobile is committed to making connectivity into utility and becoming the world’s leading CaaS (Connectivity-as-a-Service) company that can simplify connectivity for a more productive world, by turning the complex details of communications infrastructure into scalable connectivity services. Established in 2015, Redtea Mobile has expanded their cellular connectivity service to more than 100 countries and regions, which has been embedded into over 250 Million devices with their advanced eSIM technology. The products of Redtea Mobile include RedteaGO App for smartphone users, RedteaSIM and RedteaReady for the IoT industry, and eSIM.Plus as a turnkey eSIM solution for carriers. For more information, please visit www.redteamobile.com.

Qualcomm is a trademark of Qualcomm Incorporated, registered in the United States and other countries.
Qualcomm LTE 205 chipset and Qualcomm Trusted Execution Environment are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Related Links :

http://www.redteamobile.com

PR Newswire

Blue Hat Partners with Leading Chinese Multi-Channel Network to Build Live Streaming E-commerce Initiative

Leave a comment

XIAMEN, China, June 25, 2020 — Blue Hat Interactive Entertainment Technology (“Blue Hat” or the “Company”) (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced that it has partnered with Xiamen Xing Meng Wei Lai Culture Media Co. LTD (“Xing Meng Wei Lai“) , a leading Chinese multi-channel network (“MCN”) and internet content development agency, to build Direct-to-Consumer (“DTC”) social content marketing channels via short videos and live streaming. Through the partnership, Blue Hat expects to gradually release its product line on various popular short video and live streaming platforms, including Douyin (TikTok).

In recent years, content-driven e-commerce has been surging in China. Taobao Live, Alibaba Group’s dedicated livestreaming channel, thrived in 2019 with livestreaming-led transactions growing over 150% for three consecutive years. Live streaming has become one of the fastest growing forms of e-commerce in China with over 500 million Chinese users. A study by iiMedia Research shows that the market size of Chinese live streaming e-commerce reached RMB 433.8 billion ($61.5 billion) in 2019, and is projected to double to RMB867,6 billion ($123 billion) in 2020. In the past, the majority of toy product sales came from the offline market. The  COVID-19 pandemic has led to an increase in the amount of time parents and children interact at home on a daily basis. Accordingly, Blue Hat has been taking initiatives to shift its marketing focus to produce more social media and live stream content.

Based on Blue Hat’s product line, application scenarios and interactive features, Xing Meng Wei Lai intends to provide services from conception to execution, including customized planning for live streaming events, design and launch of online stores, and additional content-driven e-commerce promotions.

“Establishing a short video live streaming DTC sales model is a milestone for Blue Hat because it not only serves to increase our brand awareness, but also to broaden our market reach,” commented Mr. Xiaodong Chen, Chief Executive Officer of Blue Hat. “We believe that combining the power of short video live streaming with the reach of standard e-commerce platforms will be an important driver of Blue Hat’s online sales looking forward. With our comprehensive online and offline sales network, we believe we are building future revenue growth for our products.”

About Blue Hat

Blue Hat Interactive Entertainment Technology is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games, and toys with mobile game features. The Company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company’s investor relations website at http://ir.bluehatgroup.com.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company’s SEC filings. These risks and uncertainties could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements.

Contacts:

Lexie Zhang
Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net

Phil Lisio
The Foote Group
Phone: +86 135-0116-6560
Email: phil@thefootegroup.com