Monthly Archives: September 2020

PR Newswire

Red Box Launches Next-Gen Voice Capture Platform, Providing a Gateway to Realtime Enterprise Voice Freedom

Leave a comment

LONDON and NEW YORK, Sept. 18, 2020 — Dedicated voice specialist, Red Box, today announces the launch of Conversa, the world’s first truly open microservices-based and cloud-agnostic enterprise voice platform, which gives organizations the power to listen, the freedom to share and the insight to act upon enterprise wide audio and media data.

With a unique and revolutionary event driven, stateless architecture with almost unlimited capability for global scale, Conversa captures high-quality audio and rich media from every conversation taking place across the enterprise, whilst ensuring multiple levels of resiliency. Conversa is built from the ground up to be platform agnostic for on-premise, cloud or hybrid delivery, with a market-leading total cost of ownership (TCO).

Free and open REST APIs ensure real-time access to and control of these extremely rich but sensitive data sets, as well as supporting the delivery of ‘AI-Ready’ audio, video, rich metadata and transcripts to virtually any application. This provides organizations with access to an extensive ecosystem of best-of-breed AI, Analytics, CRM, BI and compliance tools to drive transformative business outcomes across customer and employee experience, sales performance and automation.

"With organizations under increased pressure to support distributed workforces, as well as driving differentiation through digital transformation, it’s even more critical than ever for them to retain sovereignty of one of their richest and most powerful data sets: the voice of their customer and employees," comments Richard Stevenson, CEO of Red Box. "Conversa empowers organizations to tap into the rich insights within enterprise wide audio and media whilst also benefiting from market-leading infrastructure."

The platform will be launched initially on Limited Release and will be available alongside the current Red Box platform which continues to be developed and supported.

About Red Box

Red Box is the leading dedicated voice specialist with over 30 years’ experience in empowering organisations to capture, secure and unlock the value of enterprise wide voice. Conversa by Red Box is the next generation and first truly open microservices-based, enterprise voice platform. It offers a revolutionary event driven and globally extensible architecture, market leading infrastructure TCO and infinite horizontal scalability.

Providing mission critical, resilient capture of rich, high quality voice data and media from every conversation, anywhere, on any platform and in realtime, Conversa provides customers with end-to-end data sovereignty and open access to the world’s most extensive ecosystem of leading AI voice technologies.

Red Box is trusted by leading organisations across financial services, contact centre, government and public safety sectors (including six of the world’s top banks, 85% of global interdealer brokers, 1,700 call centres and over 80% of UK police forces) and we capture and secure millions of calls daily for over 3,500 customers around the world.

For more information visit www.redboxvoice.com

Logo – https://techent.tv/wp-content/uploads/2020/09/red-box-launches-next-gen-voice-capture-platform-providing-a-gateway-to-realtime-enterprise-voice-freedom.jpg

Related Links :

http://www.redboxvoice.com

PR Newswire

Keeping Data Safe from Prying Eyes: HP Monitor Receives First TUV Rheinland Dynamic Privacy Filter Certification

Leave a comment

TAIPEI, Sept. 18, 2020 — Due to the increasing importance of privacy protection to people today, TUV Rheinland has followed up on the success of its exclusive Eye Comfort certification by bringing the first Dynamic Privacy Filter (DPF) certification to the market this year. An HP monitor recently became the first product in the world to pass TUV Rheinland’s DPF certification process. The certification indicates that the product’s effective electronic privacy function protects the screen against prying eyes without sacrificing readability. The integrated electronic DPF function can be enabled at will, making the purchase and installation of privacy film products unnecessary.

HP Monitor Receives First TÜV Rheinland Dynamic Privacy Filter Certification
HP Monitor Receives First TÜV Rheinland Dynamic Privacy Filter Certification

 

With the threat of visual hacking on business secrets, personal banking, and confidential data both in the office and at home, TUV Rheinland began developing certifications for privacy protection in 2017. While a number of well-known international brands, including 3M, have obtained certification for their privacy film products, TUV Rheinland’s newly developed DPF protection expands on this need in four main aspects: dynamic privacy, visual characteristics, reliability of privacy function, and user guide. "Dynamic" means that consumers can actively turn the privacy mode on or off. For business people and office workers concerned with privacy, or banks, government agencies, airports, and public spaces dealing with sensitive information, the user can turn on their privacy protection with the touch of a button to keep visual hackers at bay.

When the privacy function is turned on in DPF-certified products, brightness and contrast are reduced to reduce readability outside of the protected viewing angle. This helps to protect the privacy of screen contents. Certified products also provide the user with good visual characteristics, such as viewing angle, uniform brightness, and color consistency. Performance is not affected by the inclusion of the privacy function.

The HP E243p Sure View Monitor helps protect onscreen data with its integrated privacy that can be turned on and off instantly. Designed to shield sensitive content from prying eyes while keeping content clear for the primary user, the HP E243p Monitor is built with HP Sure View Gen3 technology. For instances when the user wants to collaborate or share their screen in-person, the integrated privacy screen can be turned off and back on at the touch of a button. The 23.8" diagonal Full-HD display additionally includes four-way ergonomics adjustments with HDMI, DisplayPort™, and VGA connections.

"People today now have higher expectations of privacy protection. DPF functionality will therefore become increasingly widespread," says Stanley Liu, head of the Ergonomics Technology Center, TUV Rheinland. "The DPF function of portable devices must take a number of different usage scenarios into account. If the user is on a plane, the close proximity of other people means more thought must be put into the design of the viewing angle to ensure privacy protection. Future improvements to the technology’s visual performance should offer strong market potential."

TUV Rheinland has been monitoring the impact of electronic display products on eye health, and is continuing to develop screen safety technologies. In addition to being the current leader in the number of monitor certifications issued, TUV Rheinland also operates the highest number of TCO-approved ergonomic labs in the world, and has US EPA-accredited labs as well.

Photo – https://photos.prnasia.com/prnh/20200918/2921665-1-b?lang=0
Logo – http://photos.prnasia.com/prnh/20150813/0861507454LOGO?lang=0

PR Newswire

NetEase Announces ADS Ratio Change

Leave a comment

HANGZHOU, China, Sept. 18, 2020 — NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase” or the “Company”), one of China’s leading internet and online game services providers, today announced that it will change the ratio of its American depositary shares (“ADSs”), representing ordinary shares, from the current one (1) ADS for every twenty-five (25) ordinary shares to one (1) ADS for every five (5) ordinary shares.

From the perspective of an ADS holder, the ADS ratio change has the same effect as a five-for-one ADS split, and NetEase ADS holders at the close of business, New York time, on September 30, 2020 will be entitled to receive four additional ADSs for every ADS held, effective October 1, 2020 at the close of business. There will be no change to NetEase’s ordinary shares, and no action by ADS holders is required to effect the ratio change. In addition, existing ADSs will continue to be valid and will not have to be exchanged for new ADSs. 

The effect of the ratio change on the ADS trading price on the NASDAQ Global Select Market is expected to take place on October 2, 2020.

The register held by the Bank of New York Mellon, the depositary, will close for issuances and cancellations of ADSs on the close of business, New York time, on September 29, 2020 and is expected to reopen on October 6, 2020.

About NetEase, Inc.

As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase”) is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China’s most popular mobile and PC games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase’s other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, Youdao (NYSE: DAO); music streaming through its leading NetEase Cloud Music business; and its private label e-commerce platform, Yanxuan. For more information, please visit: http://ir.netease.com/.

Forward Looking Statements

This announcement contains forward-looking statements. These statements are made under the “safe harbour” 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,” “aim,” “anticipates,” “future,” “intends,” “plans,” “believes,” “may,” “estimates,” “potential,” “continue,” “ongoing,” “goal,” “targets,” “guidance,” “commits” and similar statements. Among other things, statements that are not historical facts, including statements about future growth, the Company’s current and future position in the markets in which it operates, business plans and projections, the completion of transactions and the strategic goals of transactions, are or contain 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. All information contained in this announcement is as of the date of this announcement and are based on assumptions believed to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Investor Enquiries:
Margaret Shi
NetEase, Inc.
ir@service.netease.com
Tel: (+86) 571-8985-3378
Twitter: https://twitter.com/NetEase_Global

Brandi Piacente
The Piacente Group
netease@thepiacentegroup.com  

Media Enquiries:
Li Ruohan
NetEase, Inc.
globalpr@service.netease.com
Tel: (+86) 571-8985-2668
Twitter: https://twitter.com/NetEase_Global

Alby Wan
Hill+Knowlton Strategies Asia
Alby.Wan@hkstrategies.com

Related Links :

http://ir.netease.com

PR Newswire

Informa Markets in Japan Proves Exhibitions are Returning and Relevant

Leave a comment

TOKYO, Sept. 18, 2020 — This week Informa Markets successfully held four exhibitions in Japan, including Call Center/CRM Demo & Conference Osaka, eCommerce Fair Osaka, Diet & Beauty Fair (Tokyo) and PROJECT Tokyo. These events altogether hosted over 500 exhibiting companies and over 20,000 attendees.

Eager delegates practice social distancing while queuing for seminars at eCommerce Osaka 2020
Eager delegates practice social distancing while queuing for seminars at eCommerce Osaka 2020

 

Learning continues during Diet & Beauty Fair 2020 at Tokyo Big Sight Exhibition Center
Learning continues during Diet & Beauty Fair 2020 at Tokyo Big Sight Exhibition Center

 

PROJECT Tokyo 17-18 September 2020, a branded fashion event, signs new business
PROJECT Tokyo 17-18 September 2020, a branded fashion event, signs new business

 

Thermal Checking Units setup at entrances provide secure event experience at Call Center Osaka 2020
Thermal Checking Units setup at entrances provide secure event experience at Call Center Osaka 2020

These exhibitions were among the first to be held in Japan since the suspension of events caused by the COVID-19 outbreak. The events were held in line with health & safety guidelines issued by the Japan Exhibition Association and all relevant national and local government ordinances including temperature checks at the entrances to the halls, hand sanitization, compulsory wearing of masks, and frequent sterilization of frequently used surfaces.

Call Center/CRM Demo & Conference Osaka, focusing on customer relations solutions and technology for customer contact centers, and eCommerce Fair Osaka, focusing on applications and services for online businesses, were held on 15-16 September at the MyDome exhibition halls in Osaka. Additional space was rented in order to allow sufficient social distancing on the exhibit floor and in the numerous seminar rooms.

Diet & Beauty Fair, which along with the co-located Anti-Aging Japan and Spa & Wellness Japan forms a comprehensive trade event for the beauty and health industry, were held on 15-17 September at Tokyo Big Sight Exhibition Center. Physical beauty treatment demonstrations and food & beverage samplings were conducted in accordance with beauty salon industry guidelines. PROJECT Tokyo, a branded fashion event, was held on 17-18 September at Hikarie Hall in the heart of Tokyo’s Shibuya fashion district, showcasing apparel and accessories for the 2021 Spring-Summer season.

Christopher Eve, Managing Director of Informa Markets Japan, comments: "I am delighted that all of our exhibitions could be held as scheduled this month. We had a lot of support and encouragement from the exhibiting companies, all of whom were eager to get ‘back to business’ and see face-to-face exhibitions as the most effective way to meet with existing and new business partners. Naturally, we put a lot of effort into ensuring that the exhibitions were held in as safe and secure an environment as possible, working in close coordination with the venues, local authorities and all participants."

Informa Markets is scheduled to hold two more exhibitions in Japan this year; Call Center/CRM Demo & Conference Tokyo on 12-13 November (https://www.callcenter-japan.com/tokyo/en/) and Health Ingredients Japan on 16-18 November (https://www.hijapan.info/en/).

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

For any media queries please contact:  

Christopher Eve — Christopher.Eve@informa.com

Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-a?lang=0
Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-b?lang=0
Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-c?lang=0
Photo – https://photos.prnasia.com/prnh/20200918/2921739-1-d?lang=0

Related Links :

http://www.informamarkets.com

PR Newswire

OKEx Is First Exchange to Offer a Full Suite of Trading Products for Uniswap’s UNI

Leave a comment

VALLETTA, Malta, Sept. 18, 2020 — OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, has announced the listing of UNI, the governance token of popular DeFi protocol Uniswap. Not only has OKEx added support for spot trading of UNI, but it is also providing its users with the most comprehensive range of trading products for this hot DeFi token, including margin, swap trading, coin-margined perpetual swap and Savings, making OKEx the first exchange to offer UNI derivatives. 

Deposits of UNI went live at 2:00 am UTC on Sept. 17, and withdrawals were available beginning at 8:30 am UTC on Sept. 17. UNI spot trading against USDT began at 2:30 am UTC on Sept. 17, while trading pairs against ETH and BTC were made available at 3:30 am UTC on Sept. 17. 

The coin-margined perpetual swap for UNI was listed at 11:00 am UTC on Sept. 17, 2020. In order to avoid unreasonable charges when the new contract launches and the premium is unstable, the upper limit of the funding rate before 8:00 am UTC on Sept. 18 has been reduced to 0.03%.

To celebrate the listing of UNI, and being the first exchange in the world to offer UNI derivatives, OKEx will offer zero transaction fees in UNIUSD perpetual trading, for both the taker and maker. 

"We are very pleased to be one of the earliest exchanges to list UNI, and the first to provide a complete set of trading tools including margin, swaps and savings for it. As one of the largest decentralized exchanges today, Uniswap has made outstanding contributions to the current development of DeFi, which we very much appreciate," commented OKEx CEO Jay Hao, adding: 

"We continue to collaborate with participants in the DeFi space to grow this industry together. CEX or DEX, CeFi or DeFi is not a simple single-choice question. The goal of blockchain and DeFi has never been to replace CeFi, but to use its own characteristics of trustlessness, low friction and low costs to make up for the deficiencies of the existing financial system."

As a decentralized exchange in the form of two smart contracts hosted on the Ethereum blockchain, as well as a public, open-source front-end client, to a certain extent, Uniswap has marked the starting point of a recent DeFi trend. Uniswap is a 100% on-chain market maker allowing the swapping of ERC-20 tokens, as well as ETH to ERC-20 and vice-versa. Today, Uniswap is not just a DEX, but a platform where emerging DeFi projects can often earn their initial reputation.

Yet, DeFi is not without its limitations, and the advantages of top CEXs in terms of efficiency and operational capabilities also attract a large number of DeFi tokens. In addition, the customer service system established by investing a lot of manpower and material resources have made great contributions to industry popularity, user education and onboarding.

In a nutshell, CeFi and DeFi complement each other. The best way to push the blockchain and crypto industry forward is to combine these two powers and play to both their respective advantages.

About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Photo – https://photos.prnasia.com/prnh/20200526/2813046-1-LOGO?lang=0

Related Links :

http://www.okex.com/

PR Newswire

E-Business Expo China opens in Hangzhou

Leave a comment

The 7th International E-Business Expo, the Zhejiang International Digital Trade Fair and the 11th Zhejiang Business Service Fair held concurrently

HANGZHOU, China, Sept. 18, 2020 — On September 18, 2020, the 7th International E-Business Expo, the Zhejiang International Digital Trade Fair and the 11th Zhejiang Business Service Fair opened at the Hangzhou International Expo Center. Co-organized by the Hangzhou Municipal People’s Government and the Department of Commerce of Zhejiang Province, the "New Era of E-Business"-themed expo is taking the lead in the global digitalization of trade in response to the new economic landscape.

Relying on the fundamental principles of observing trends, looking for services and selecting products, the expo has adopted the "1+8+N" framework, with the "1" referring to an exhibition with a focus on these three basic principles, which has been a factor in deciding the configuration of the seven exhibition areas: new trade, new consumption, digital services, regional e-businesses, rural e-businesses, imported goods and domestic goods. "8" refers to eight forums, divided into one main forum and seven sub-forums. The "N" stands for a number of precisely-targeted, high-end events including small-scale matchmaking conferences, salons and closed-door roundtables.

Hu Wei of the Hangzhou Municipal People’s Government said that the expo is focused on the current hot topics including discussions on the in-depth integration of digital trade and new e-businesses. With the aim of creating a leading global e-business expo, the event tapped into Hangzhou’s advantageous industrial resources and fully demonstrated new breakthroughs in terms of novel concepts for e-business and the digital economy.

Department of Commerce of Zhejiang Province director-general Sheng Qiuping said, with the deep application of modern information technologies worldwide and the rapid growth of the digital economy, internet-based digital trade is thriving as well as accelerating the optimization and integration of innovation, industry and value chains worldwide. It is becoming an important way in which trade is conducted in the digital era. Zhejiang province has been at the forefront of the acceleration of the development of new e-business formats while strengthening its position as a center for innovation and entrepreneurship for digital service trade by creating a number of global leaders in the sector. The province is taking a multi-faceted approach to changing its development model, optimizing its economic structure as well as accelerating the full digitalization of both its trade and industrial sectors.

PR Newswire

58.com Announces Completion of Merger

Leave a comment

BEIJING, Sept. 18, 2020 — 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China’s largest online market place for classifieds, today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of Quantum Bloom Group Ltd ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Parent and Merger Sub. As a result of the Merger, the Company became a wholly-owned subsidiary of Parent and will cease to be a publicly traded company.

In accordance with the terms of the Merger Agreement, which was approved by the Company’s shareholders at an extraordinary general meeting held on September 7, 2020, each Class A ordinary share, par value US$0.00001 per share, of the Company (each a "Class A Share") and each Class B ordinary share, par value US$0.00001 per share, of the Company (each a "Class B Share," and together with each Class A Share, collectively the "Shares") issued, outstanding and not represented by American depositary shares of the Company (each, an "ADS," representing two Class A Shares) immediately prior to the effective time of the Merger (the "Effective Time"), other than the Excluded Shares and the Dissenting Shares (each as defined in the Merger Agreement), has been cancelled and ceased to exist, in exchange for the right to receive US$28.00 in cash without interest, and each outstanding ADS, other than ADSs representing Excluded Shares, together with each Share represented by such ADSs, have been cancelled in exchange for the right to receive US$56.00 in cash without interest (the "Merger Consideration").

Registered shareholders immediately prior to the Effective Time who are entitled to the Merger Consideration will receive a letter of transmittal and instructions on how to surrender their Shares in exchange for the Merger Consideration and should wait to receive the letter of transmittal before surrendering their Shares. Payment of the Merger Consideration (less an ADS cancellation fee of US$0.05 per ADS), without interest and net of any applicable withholding taxes, will be made to holders of ADSs as soon as practicable after Citibank, N.A., the ADS depositary, receives the aggregate Merger Consideration payable to holders of ADSs from the paying agent.

The Company also announced today that it requested that trading of its ADSs on the New York Stock Exchange (the "NYSE") be suspended as of September 18, 2020. The Company requested that the NYSE file a Form 25 with the Securities and Exchange Commission (the "SEC") notifying the SEC of the delisting of its ADSs on the NYSE and the deregistration of the Company’s registered securities. The deregistration will become effective 90 days after the filing of the Form 25 or such shorter period as may be determined by the SEC. The Company intends to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15 with the SEC. The Company’s obligation to file with the SEC certain reports and forms, including Form 20-F and Form 6-K, will be suspended immediately as of the filing date of the Form 15 and will cease once the deregistration becomes effective.

In connection with the Merger, Houlihan Lokey (China) Limited is serving as financial advisor to the special committee of the board of directors of the Company (the "Special Committee"); Fenwick & West LLP is serving as U.S. legal counsel to the Special Committee; Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Company; Han Kun Law Offices is serving as PRC legal counsel to the Company; and Conyers Dill & Pearman is serving as Cayman Islands legal counsel to the Company.

Wilson Sonsini Goodrich & Rosati, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Kirkland & Ellis LLP and Weil, Gotshal & Manges LLP are serving as international co-counsels to the investor consortium (the "Consortium"). Fangda Partners is serving as PRC legal counsel to the Consortium. Maples and Calder (Hong Kong) LLP is serving as Cayman Islands legal counsel to the Consortium.

About 58.com Inc.

58.com Inc. (NYSE: WUBA) operates China’s largest online market place for classifieds, as measured by monthly unique visitors on both its www.58.com website and mobile applications. The Company’s online marketplace enables local business users and consumer users to connect, share information and conduct business. 58.com’s broad, in-depth and high quality local information, combined with its easy-to-use website and mobile applications, has made it a trusted marketplace for consumers. 58.com’s strong brand recognition, large and growing user base, merchant network and massive database of local information create a powerful network effect. For more information on 58.com, please visit http://www.58.com.

Safe Harbor Statement

This press release contains forward-looking statements made under 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," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Any statements that are not historical facts, including statements about 58.com’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. All information provided in this press release is current as of the date of the press release, and 58.com does not undertake any obligation to update such information, except as required under applicable law.

For more information, please contact:

58.com Inc.
ir@58.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: Eyuan@christensenir.com

In the U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Related Links :

http://www.58.com

PR Newswire

Xinhua Silk Road: WIEIE 2020 kicks off in Changzhou, China

Leave a comment

BEIJING, Sept. 18, 2020 — The 2020 World Industrial and Energy Internet Expo & International Industrial Equipment Exhibition (WIEIE 2020) kicked off on Wednesday in Changzhou, Jiangsu Province, China, aiming to provide an exchange and cooperation platform for industrial development of industrial Internet, energy Internet, smart city and advanced manufacturing technology.

Photo taken during the 2020 World Industrial and Energy Internet Expo & International Industrial Equipment Exhibition (WIEIE 2020) on Wednesday
Photo taken during the 2020 World Industrial and Energy Internet Expo & International Industrial Equipment Exhibition (WIEIE 2020) on Wednesday

With the theme of "New industry, New energy, New infrastructure and New power", the expo will gather hundreds of domestic and overseas experts, scholar representatives of companies and government officials to share their forefront views and experiences and explore the new trend of industrial development during the 10-day Expo.

As a product of the deep integration of new generation of information technology and manufacturing, the industrial Internet is a key to promote the integration of the digital economy and real economy, becoming an important engine for promoting high-quality economic development.

In recent years, through further improvement of the intelligent manufacturing ecosystem, intelligent manufacturing and smart energy have become important signs for Changzhou’s progress in building star city of intelligent manufacturing.

"Changzhou enjoys good industrial foundation, abundant user resources and a livable ecological environment for the development of industrial Internet and energy Internet." said Qi Jiabin, Secretary of the CPC Changzhou Municipal Committee.

"In the future, the city will seize the opportunities to promote in-depth integration of Internet, big data, artificial intelligence and real economy, building a star city of industrial Internet and energy Internet with better infrastructures, stronger industry leading capabilities, and higher level of openness and cooperation." Qi added.

During the Expo, a cloud exhibition hall has also been launched, including 4 sections with the themes of industrial Internet, energy Internet, black tech and key equipment. Nearly 100 noted companies will show their products at the cloud exhibition covering many fields like Al, cloud computing and big data, communication interconnection and industrial Internet security, digitized factory, energy Internet platform and product application and smart city.

Among the ten theme activities of WIEIE 2020, the Industrial Internet Talents and Education Forum was held on Tuesday in Changzhou Science & Education Town. It explored new ways of talent training jointly by universities and industrial Internet enterprises, aiming to build Changzhou into a star city of intelligent manufacturing with talent supports.

See the original link: https://en.imsilkroad.com/p/316259.html

Photo – https://photos.prnasia.com/prnh/20200918/2920570-1?lang=0

Related Links :

http://www.zjzkypt.com

PR Newswire

As Digital Transformation Accelerates, Entrust Datacard Becomes “Entrust”

Leave a comment

Entrust name and identity reflect the critical need for trust at the heart of the digital transformation — and the centrality of Entrust’s innovation to secure a rapidly changing world

SINGAPORE, Sept. 18, 2020 — Entrust Datacard today announced a new brand identity and company name — Entrust. The move both continues the company’s enduring leadership and innovation in identity, payments, and data protection, and highlights Entrust’s position as a leader in developing the core technologies needed to keep the world moving safely.

"The global impact of the COVID-19 pandemic has shown us how critical digital transformation is in our daily lives," said Todd Wilkinson, CEO of Entrust. "As consumers, we depend on digital technologies and security to do more than ever, whether it’s making purchases, crossing borders, accessing government services or logging into corporate networks. We are proud that some of the world’s largest governments, organizations and enterprises trust us to keep citizens, commerce and information moving safely. Making Entrust the foundation of our brand reflects how our technology and innovation are central to securing this ever-evolving world."

The company was founded as Datacard Corporation in 1969, and acquired Entrust in 2013, becoming Entrust Datacard. Entrust today offers an unmatched breadth of solutions, including credential issuance, identity and data protection, and digital certificates and signing solutions.

Commitment to innovation and growth

In recent years, Entrust has expanded from its core physical credential issuance focus to build a robust digital security solution portfolio and market presence. In addition to a sustained long-term investment in R&D, the company has made a recent series of strategic acquisitions, including PKI providers Trustis and Safelayer, authentication provider SMS Passcode, and nCipher, the market leader in hardware security modules (HSMs).

As a result, Entrust has transformed into one of the world’s largest providers of digital security software, and the global leader in credential issuance solutions. The company is in a unique position to innovate and invest to meet the rising security and identity needs of its customers. Entrust is making significant R&D investments to bring to market new card issuance technology, secure cloud enablement and advancements to its authentication, digital signing, identity management and HSM solutions. The company recently launched its next-generation PKI platform, tailored to meet today’s rising "encrypt everything" demands amidst rising threats, and earlier this year introduced new solutions for passwordless authentication and digital onboarding.

With nearly $800M in annual revenue and 2,500 employees, Entrust is trusted by some of the world’s most demanding, compliance-driven institutions in finance, technology and government. The company provides sales and service in more than 150 countries through 50 offices and a global network of more than 1,000 technology and channel partners.

"Earning the benefits of digital transformation requires a foundation of trust. As identity, payment and data protection ecosystems become more complex and interconnected, trust enables the resiliency and scale needed to make our digital lives possible," said Frank Dickson, Program VP, Cybersecurity Products, IDC. "Entrust began delivering trust in payment card solutions 50 years ago and has added breadth and depth to its trusted identity and data security solutions ever since. Thus, centering the brand on Entrust makes sense — it helps the market see the common thread of high-assurance trust-building technology that carries through all of its identity, payment and data protection solutions."

A simplified, refreshed brand

Entrust’s new name and branding honors the company’s heritage as it looks ahead. Datacard will continue to be featured prominently as the product line name for the company’s high-volume card issuance solutions, and the company continues to invest and innovate in high-volume hardware, software, services and supplies. Similarly, while the nCipher name will transition to Entrust over time, the nShield product line name for its market-leading HSMs will be retained and become an Entrust product line.

The branding evolution includes a new logo, brand colors, website, tagline, and positioning that are tightly linked to Entrust’s focus on securing a rapidly changing world.

"In evolving our brand, we wanted to make our mission clear. We come to work every day with one thing in mind: delivering solutions that enable the highest level of trust in every interaction our customers facilitate. Enabling trust is our mission, our value proposition, and the focus of all the innovative technologies we continue to develop for clients worldwide," said Karen Kaukol, Chief Marketing Officer, Entrust.

To explore the new brand and learn more about Entrust’s products and services, visit www.entrust.com.

About Entrust

Entrust keeps the world moving safely by enabling trusted identities, payments and data protection. Today more than ever, people demand seamless, secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services or logging into corporate networks. Entrust offers an unmatched breadth of digital security and credential issuance solutions at the very heart of all these interactions. With more than 2,500 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us.

Logo – https://photos.prnasia.com/prnh/20200918/2921669-1LOGO?lang=0 

Related Links :

http://www.entrust.com

PR Newswire

Ericsson accelerates 5G for Enterprise with acquisition of Cradlepoint

Leave a comment

– Ericsson acquires the market-leader for Wireless Edge WAN solutions for an enterprise value of USD 1.1 b.

– Acquisition complements Ericsson’s enterprise offerings and creates valuable new revenue streams for customers

– Transaction expected to close during Q4 2020, subject to merger clearance and other closing conditions

STOCKHOLM, Sept. 18, 2020 — Ericsson (NASDAQ: ERIC) has agreed to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

The combined offering will create valuable new revenue streams for customers by supporting full 5G-enabled services for enterprise, and boost returns on investments in the network.

Cradlepoint will become a fully owned subsidiary of Ericsson while continuing to operate under its existing brand. Cradlepoint employees will remain within the company, headquartered in Boise, Idaho. It will be part of Ericsson’s Business Area Technologies & New Businesses.

The acquisition price amounts to an enterprise value of USD 1.1 b. with the transaction expected to close before the end of Q4 2020, subject to closing conditions. The purchase price, which is funded from Ericsson’s cash-in-hand, is paid in full on closing. Cradlepoint’s sales for 2019 were SEK 1.2 b. with a gross margin of 61%. Ericsson’s operating margins are expected to be negatively impacted by approximately 1% in 2021 and 2022 – where half is related to amortization of intangible assets which arise from the acquisition. Cradlepoint is expected to contribute to operating cash-flow starting in 2022. Ericsson’s 2022 group financial targets remain unchanged. 

Wireless wide area network (wireless WAN) Edge solutions connect through 4G and 5G to deliver fast, secure, and flexible connectivity wherever and whenever it is needed for businesses, mobility and critical frontline emergency services. Cradlepoint is strongly positioned in a market with underlying growth of 25-30%.

Börje Ekholm, President and CEO Ericsson, says: "Portfolio-near acquisitions are an integral part of our earlier communicated strategy. The acquisition of Cradlepoint complements our existing offerings and is key to our strategy of helping customers grow the value of their 5G network investments. Ericsson is uniquely positioned to build on Cradlepoint’s leadership position in Wireless Edge and the wireless WAN market. Combining the scale of our market access and established relationships with the world’s biggest mobile operators we are making a strong investment to support our customers to grow in this exciting market. I would like to extend a very warm welcome to all Cradlepoint employees."

George Mulhern, CEO and Chairman, Cradlepoint says: "We have led the way in bringing the power of cellular networks and technologies to enterprise and public sector customers – helping them connect beyond the limits of traditional wired WANs. Ericsson with its global 5G leadership is a great match for us and I am very excited to continue to scale and expand our business together."

Founded in 2006, Cradlepoint has more than 650 employees, providing wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, USA, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Cradlepoint’s subscription model combines cloud-delivered software with hardware endpoints, support and training.

Ericsson’s long-standing collaboration with Cradlepoint dates back to the launch of 4G in the U.S. market more than a decade ago.

INVITATION TO MEDIA AND ANALYST CALL

The company will hold a conference call for journalists, financial analysts and investors. Börje Ekholm, President and CEO, Carl Mellander, Chief Financial Officer, and Åsa Tamsons, Head of Business Area Technologies & New Businesses, will make brief comments and take questions.

The conference call will begin September 18, at 9:00 AM CEST (8:00 AM GMT in London and 3:00 AM EST in New York).

To join the conference call, please phone one of the following numbers:

Sweden: +46 (0)8 566 42651 (Toll-free Sweden: 0200 883 685)

International/UK: +44 (0)333 300 0804 (Toll-free International/UK: 0800 358 9473)

US: +1 631 913 1422 (Toll-free US: +1 855 857 0686)

PIN code: 38166079#

A live audio webcast of the conference call will be available at www.ericsson.com/investors and www.ericsson.com/newsroom

Replay:

A replay of the conference call will be available from about one hour after the conference call has ended until September 24, 2020.

Sweden replay number: +46 (0) 8 519 993 85

International/UK replay number: +44 (0) 333 300 0819

US replay number:  +1 (866) 931 1566

PIN code replay: 301331532#

An on-demand webcast will be available at www.ericsson.com/investors and www.ericsson.com/newsroom approximately one hour after the webcast ended.

NOTES TO EDITORS:

FOLLOW US:

Subscribe to Ericsson press releases here.

www.twitter.com/ericsson
www.facebook.com/ericsson
www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom

FOR FURTHER INFORMATION, PLEASE CONTACT

Contact person

Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29 06
E-mail: peter.nyquist@ericsson.com

Additional contact

Stella Medlicott, Senior Vice President, Marketing and Corporate Relations
Phone: +46 730 95 65 39
E-mail: media.relations@ericsson.com

Investors

Stefan Jelvin, Director, Investor Relations
Phone: +46 709 86 02 27
E-mail: stefan.jelvin@ericsson.com

Media

Peter Olofsson, Head of Corporate Communications
Phone: +46 702 67 34 45
E-mail: media.relations@ericsson.com

Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

About Ericsson
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

Forward-looking statements

This release includes forward-looking statements, including statements reflecting management’s current views relating to the growth of the market, future market conditions, future events, financial condition, and expected operational and financial performance, including, in particular the following:

– Our goals, strategies, planning assumptions and operational or financial performance expectations

– Industry trends, future characteristics and development of the markets in which we operate

– Our future liquidity, capital resources, capital expenditures, cost savings and profitability

– The expected demand for our existing and new products and services as well as plans to launch new products and services including research and development expenditures

– The ability to deliver on future plans and to realize potential for future growth

– The expected operational or financial performance of strategic cooperation activities and joint ventures

– The time until acquired entities and businesses will be integrated and accretive to income

– Technology and industry trends including the regulatory and standardization environment in which we operate, competition and our customer structure.

The words "believe," "expect," "foresee," "anticipate," "assume," "intend," "likely," "projects," "may," "could," "plan," "estimate," "forecast," "will," "should," "would," "predict," "aim," "ambition," "seek," "potential," "target," "might," "continue," or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. Any statement that refers to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

We caution investors that these statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond our control that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.

Important factors that could affect whether and to what extent any of our forward-looking statements materialize include, but are not limited to, the factors described in the section "Risk Factors" in the latest interim report, and in "Risk Factors" in the Annual Report 2019.

These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this release, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulations.

This information is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 07:30 CEST on September 18, 2020.

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

https://news.cision.com/ericsson/r/ericsson-accelerates-5g-for-enterprise-with-acquisition-of-cradlepoint,c3196165

The following files are available for download:

https://mb.cision.com/Main/15448/3196165/1307719.pdf

Ericsson accelerates 5G for Enterprise with acquisition of Cradlepoint