Monthly Archives: September 2020

PR Newswire

China’s Largest K12 Online Education Platform Zuoyebang Showcased Its AI-Powered Education Solutions at 2020 CIFTIS

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BEIJING, Sept. 12, 2020 — On September 4, Zuoyebang, China’s largest online education startup providing K12 tutoring, attended the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing. During CIFITS, Zuoyebang presented its cutting-edge suite of online education solutions including livestreaming courses, the latest Cocos-courseware for primary education, and Paperang P3 series miniature printer.

 "For Zuoyebang, 2020 has been a year of development and expansion," said Su Jing, Executive President of Zuoyebang. "Zuoyebang is committed to creating effective digital classrooms and tools for online learners. We are focused on providing quality alternatives to in-person teaching using cutting-edge AI and big data technology."

Showcased at CIFTIS 2020 was Zuoyebang’s Cocos-courseware, an AI-assisted learning platform that pairs students with teachers via livestreaming. Designed for primary school students that may struggle with concentrating and processing information, it uses gesture recognition, facial recognition, facial expression recognition and voice recognition to engage young learners. This software ensures students are paying attention by monitoring their levels of concentration and adapting to each individual, thus greatly enhancing results.

The company also unveiled its new Paperang P3 series printers equipped with cutting-edge OCR text recognition technology. By taking photos of mistakes, learners can easily print and categorize their mistakes and enhance their learning outcomes.

Zuoyebang took the opportunity to showcase its renowned Famous Teacher service. Led and designed by outstanding alumni from some of China’s most prestigious universities such as Peking and Tsinghua Universities, Zuoyebang’s Famous Teacher program requires exceptional teachers to analyze and recognize as well as overcome specific challenges in each student’s learning.

Zuoyebang takes its social responsibilities to next level by providing inclusive education to K12 students. Its Big Data Monitoring Platform Cungong can effectively learn and analyse user’s behaviour pattern so as to provide in-app personalized exercises and push messages to Zuoyebang’s users. It also filters offensive and negative language appeared on the platform to create healthy and safe learning environments for young learners.  

"We will always commite to boosting the development of educational innovations with technology in China," said Su.

About CIFTIS 2020
Under the theme of "Global Services, Shared Prosperity", CIFTIS 2020 is China’s largest offline service trade exhibition since the COVID-19 outbreak and attracted over 2,000 domestic and international brands.

About Zuoyebang
Established in 2015, Zuoyebang is the largest K12 online education platform in China. The company offers a comprehensive suite of services, including the Zuoyebang Super App, Zuoyebang Live Course App and the Zuoyebang Oral Arithmetic App. Zuoyebang currently has over 800 million registered users, of which 50 million are active daily and over 170 million are active monthly. With headquarters in Beijing, Zuoyebang has 11 branches across the country including Wuhan, Xi’an and Ji’nan. The Ed-tech startup currently employs over 22,000 staff nationwide and recruited an additional 10,000 staff to assist in job creation despite the pandemic in the first half of 2020. At the end of June 2020, Zuoyebang completed its Series E financing of US $750 million.

 

 

PR Newswire

First 2,000 coocaa x Clip TV Smart TVs Sold in Under One Day at the Start of Lazada’s 9.9 Mega Sale

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HO CHI MINH, Vietnam, Sept. 12, 2020 — As part of their new strategic cooperation, Clip TV and coocaa have released a co-branded smart television. Each coocaa x Clip TV includes a complimentary lifetime ad-free Clip TV membership, marking the start of a new generation of free content viewing in Vietnam.

First 2,000 coocaa × Clip TV Smart TVs Sold in Under One Day
First 2,000 coocaa × Clip TV Smart TVs Sold in Under One Day

On September 3, coocaa and Clip TV co-hosted the official product launch for their first co-branded product, which was made available for purchase on Lazada at 00:00 on September 4. All 2,000 units available for purchase were sold in under 12 hours. The co-branded televisions were made available for purchase again on Lazada at the start of Lazada’s 9.9 mega sale, and the first 2,000 units were offered for a special discounted price. All 2,000 were sold within just one day. The coocaa x Clip TV smart TV comes with a free lifetime membership to Clip TV and a 3-year warranty. Plus, those who placed one (or more) in their online shopping cart before September 9 were also entered to win a smart band.

What makes this television so popular? It features a 40-65 inch screen and runs on Android TV, plus, it also comes with a free lifetime membership to Clip TV, providing access to:

  1. Over 100 local television channels
  2. Over 20 international television channels
  3. A massive selection of on-demand content
  4. Access for up to four devices on each Clip TV account

The standard monthly subscription fee for a Clip TV account is VND 50,000, but with the coocaa x Clip TV smart TV, customers can enjoy all of the aforementioned features free.

In addition to providing an outstanding viewing experience, this large-screen AIoT television

  1. Can serve as a base for a smart home ecosystem; by giving a voice command to the television, users can control smart home devices throughout the house.
  2. Runs on Android TV and supports voice control, so with the touch of one button, users can access an endless selection of video content.

To be first to get alerts about coocaa products, when they’ll be in stock, special offers, and more, visit https://bit.ly/3hpjP0e and click on the orange "Follow" icon.

Photo – https://photos.prnasia.com/prnh/20200910/2913150-1?lang=0

PR Newswire

Comply with the trend to build a digital community with a shared future

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BEIJING, Sept. 11, 2020 — A report from Science and Technology Daily:

The world nowadays is made up of diversified entities. With a great amount of driving forces for social and economic development, only digital technology can act as veins to connect each dot.

As to China, although the future setup of development would mainly focus on the "domestic great circulation", the "mutual promotion of domestic and international double circulation" is also of great importance. By launching Global Initiative on Data Security, we declare once again to the world that China adheres to opening up, exerts to promote the establishment of an open world economy and a digital community with a shared future.

Either in the field of science and technology or economy, the trend of globalization is irreversible, so is the trend of the division and cooperation of work and mutual benefit among different countries. China needs to keep the status of being highly open to the world, and creates a new edge in terms of international cooperation and competition in each sector, including the information industry, in order to help realize goals of social development in a new era.

A man of virtue is open-minded and always at ease whereas a man of meanness is full of distress at all times. There are always some countries trying to stir up disputes based on the idea of zero-sum game. Recently, several American politicians have scurried across different continents, sparing no effort to slander China’s IT industry and even the entire opening-up policy with the excuse of "safety maintenance". By advocating global data security, China not only displayed the frankness that we always uphold and stopped the spreading of malicious lies fabricated by certain people, but also exposed the covered hypocrisy of the United States.

In addition to fighting back against political smear, the initiative also reflects China’s profound understanding of the nature of the information industry and how to increases social productivity.

For thousands of years, the realization of the value of information has been closely tied to transmission. Even the oracle of Heaven, if buried in the mountains, is a piece of waste paper. And the core function of the Internet is to fulfill the most extensive and efficient transmission of information in history.

Unlike the slow and repeated progress of productivity in ancient times, the information society is more likely to embrace the trend of broader and thorough interconnection and this will only constantly accelerate and upgrade. Therefore, the lack of international rules in the digital space will jeopardize the development of the global digital economy.

While the United States is taking actions that are not conducive to data security, it still severely accuses other countries of endangering America. No country has any reason to tolerate its hegemony. Judging which products are safe or "convicting" who is jeopardizing data security in other countries should not be left to the United States to speak for itself.

The time has been long past when a hegemonic country could selfishly fulfill its greed with the sacrifice of its subordinates. It is obvious that a visionary country will follow the tides of the time and make concerted efforts to ensure the smooth flow of information under fair and mutually beneficial rules. (Authors:Zhang Mengran, Lu Zijian & Long Yun)

PR Newswire

Ingdan Innovations Introduces New Strategic Investors, RMB166 million Raised for the Blue Ocean of China’s Chips Market

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HONG KONG, Sept. 11, 2020 — Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ”Group”)) is pleased to announce the Company’s non-wholly owned subsidiary Comtech Industrial Technology (Shenzhen) Company Limited ("Comtech Industrial"), a technical service platform engaged in chip sales under the name of "Ingdan Innovations", has reached respective subscription agreements with a total of eight strategic investors, following the introduction of the leading strategic investor Guangdong Finance Fund Management Co., Ltd. ("Guangdong Finance Fund Management") in August 2020. The investment supports Ingdan Innovations‘ rapid development in the trillion-RMB domestic chip market, and will accelerate to the resumption of high growth for the Company’s business.

Pursuant to the strategic investment agreements, the eight investors agreed to inject capital into Comtech Industrial in the aggregate amount of up to RMB165.8 million, for an aggregate equity interest of up to 6.46% of Comtech Industrial. After the transaction, the Company’s shareholding in Comtech Industrial will decrease from 75% to around 70%. Comtech Industrial will continue to be a subsidiary of the Company and the financial results of Comtech Industrial will continue to be consolidated into those of the Group.

Ingdan Innovations is the Group’s technical service platform engaged in chips sales. Ingdan Innovations leverages its network of over 50% of global IC suppliers and top domestic chip companies, and provides chips sales services to over 100 global high-end chip suppliers and tens of thousands of smart hardware companies.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "Benefitting from the rapid development of 5G industries and the infrastructure, Cogobuy recorded strong performance in both profit and revenue in the first half of 2020 and brought on Guangdong Finance Fund Management, which belongs to Guangdong’s largest provincial integrated financial platform as Ingdan Innovations’ first leading strategic investor. Since then, the group successfully introduced eight strategic investors to invest Ingdan Innovations and raised additional capitals for daily operation. Going forward, we expect to introduce more investors into Ingdan Innovations. The new capital will enable Cogobuy to capture the strong demand for high-end chips, driven by the large-scale expansion of 5G industries, artificial intelligence, Internet of Things, and other new infrastructure in China, indirectly increase our chip sales and market shares and maintain the Group’s high growth to prepare for the next momentum."

About Cogobuy Group

Cogobuy Group, a technology service company focusing on serving global chip industry and AIoT ecosystem, is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as overseas branches in U.S., Singapore, Israel, and Japan. The Group was composed by Ingdan Innovations, a technical service platform serving chip industry, and "Ingfin Services", integrated the Company’s proprietary products, financing, and other enterprise services, forming a new "Ingdan Innovations + Ingfin Services" dual business model. For further information, please refer to the Company’s website at http://www.cogobuy.com/

For investor and media enquiries

Please contact Ms. Novam Ng at ir@cogobuy.com.

PR Newswire

Canadian Solar Prices Offering of US$200 Million Convertible Senior Notes

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GUELPH, ON, Sept. 11, 2020 — Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar"), one of the world’s largest solar power companies, today announced pricing of its previously announced offering of US$200 million in aggregate principal amount of convertible senior notes due 2025 (the "Notes") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Company has granted the initial purchasers in the offering a 30-day option to purchase up to an additional US$30 million aggregate principal amount of the Notes. The Company plans to use the net proceeds from the offering for general corporate purposes, which may include the expansion of manufacturing capacity, development of solar power projects and working capital.

The Notes will be senior, unsecured obligations of the Company. The Notes will accrue interest at an annual rate of 2.50%. Interest on the Notes will be payable semi-annually in arrears on April 1 and October 1 of each year, beginning April 1, 2021. The Notes will mature on October 1, 2025, unless repurchased, redeemed or converted in accordance with their terms prior to such date. The Company may not redeem the Notes prior to October 6, 2023 unless certain tax-related events occur. On or after October 6, 2023, the Company may redeem for cash all or part of the Notes, at its option, if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect on each of at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately prior to the date the Company provides notice of redemption. In the event of certain fundamental changes, holders of the Notes may require the Company to repurchase all or part of the Notes in cash, subject to certain conditions. In addition, if a make-whole fundamental change occurs prior to the maturity date or the Company redeems the Notes, the Company will, under certain circumstances, increase the conversion rate for holders who convert Notes in connection with such make-whole fundamental change or redemption.

The Notes will be convertible at the option of the holders at any time prior to the close of business on the second business day immediately preceding the maturity date. The initial conversion rate of the Notes is 27.2707 common shares of the Company, per US$1,000 principal amount of Notes (which is equivalent to an initial conversion price of approximately US$36.67 per common share and represents a conversion premium of approximately 32.50% above the NASDAQ last reported sale price of the Company’s common shares on September 10, 2020, which was US$27.675 per common share). The conversion rate for the Notes is subject to adjustments upon the occurrence of certain events. Upon conversion, the Company will deliver to such converting holders, a number of the Company’s common shares equal to the applicable conversion rate as of the relevant conversion date, together with a cash payment in lieu of any fractional share.

The Notes have been offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes and the common shares deliverable upon conversion of the Notes have not been and will not be registered under the Securities Act or the securities laws of any other place, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Company expects to close the offering on or about September 15, 2020, subject to the satisfaction of customary closing conditions.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase 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 offerings of the Notes, and there can be no assurance that any of the offerings will be completed.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale solar power projects in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 46 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company’s SEC filings, including its annual report on Form 20-F filed on April 28, 2020. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Related Links :

http://www.canadiansolar.com

PR Newswire

Nam Tai Property Announces Grand Opening of Nam Tai Inno Park at Greater Bay Area Tech-empowerment Summit

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SHENZHEN, China, Sept. 11, 2020  — Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) is pleased to announce the grand opening of Nam Tai Inno Park (the "Park") at its brand launching event as a part of the "Tech Empowerment • Greater Bay Area" – Technology and Industry Development Summit (the "Summit") held on September 10, 2020 at Guangming Community Sports Center.

At the event, Nam Tai hosted a ceremony with corporate tenants and business partners. Guests included Taihang Automobiles, Mornsun Electronics, Yihong Technology, as well as Harbin Institute of Technology (Shenzhen), Bank of China and Cowin Capital, among others. To date, the Park has attracted around 30 corporate tenants in various tech fields under its pre-leasing program.

The opening of the Park marks the first project launched to the market in Nam Tai’s portfolio and highlights the progress the Company is making on its strategy to be a leading operator of technology parks. Nam Tai is committed to providing the safest, highest quality mixed-use technology and industrial spaces. The Company is also committed to differentiated development strategies, integrated industrial operation system, tech innovations and development opportunities that will create long-term value for its shareholders.

Under the guidance of the Commerce Bureau and Science and Technology Innovation Bureau of Shenzhen Guangming District, Nam Tai co-organized the Summit with Shenzhen Industry-University-Research Cooperation Promotion Association and Shenzhen Big Data and Artificial Intelligence Industry Alliance. In attendance were officials from the district government, industry leaders, scholars and researchers, well-known industry experts, Nam Tai management, financial institutions and media. At the Summit, Jianguo Wei, former Vice Minister of Commerce of China and Vice Chairman of the Center for International Economic Exchanges, delivered a speech on the integration trend of science and technology and industrial economy in the context of the Guangdong-Hong Kong-Macao Greater Bay Area. In addition, Tianyou Chai, academician of the Chinese Academy of Engineering, and Jing Xiao, chief scientist of Ping An Insurance and special expert of national "Thousand Talents Program", discussed the development and future of automation science and technology, and the exploration and practice of "artificial intelligence+finance". 

Nam Tai Inno Park is located in the central area of Guangming District, Shenzhen, with a gross floor area of approximately 330,000 square meters, encompassing five industrial office buildings, two business service centers and three talent dormitories. The office buildings and dormitories are under renovation to be delivered in batches from the third quarter of 2020. The Park is building a "3+4+5" industrial service system to empower enterprises in aspects of technology, incubation, talent, finance, and intelligence. As part of the development project, Nam Tai and Harbin Institute of Technology (Shenzhen) established a "Big Data and Artificial Intelligence Public Service Center" to jointly provide an intelligent ecological environment for enterprises. The Park will continue to promote regional economic development and tech innovation by providing high-quality industrial spaces and service systems.

About Nam Tai Property Inc.

We are a real estate developer and operator, mainly conducting business in Mainland China. Our main land resources are located in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area") and Wuxi, China, of which the three plots in Shenzhen will be developed into Nam Tai Inno Park, Nam Tai Technology Center and Nam Tai Inno Valley. We plan to build these technology parks into landmark parks in the region and provide high-quality industrial offices, industrial service spaces and supporting dormitories to the tenants. Based on the experience of developing and operating technology parks and an industrial relationship network accumulated over the past 40 years, we have also exported the operation model of technology parks to other industrial properties. Through an asset-light model, we have leased industrial properties for repositioning and business invitation. We will also expand the commercial and residential property business in China as an auxiliary development strategy of the Company. As the growth prospects of China maintain, we shall seize development opportunities in the Greater Bay Area and other first- and second-tier cities in China, and continue to strengthen and expand the business of industrial real estate, and commercial and residential properties. Nam Tai Property Inc. is a corporation registered in the British Virgin Islands and listed on the New York Stock Exchange (Symbol: "NTP"). Please refer to our corporate website (www.namtai.com) or the SEC website (www.sec.gov) for our press releases and financial statements.

Forward-looking Statement and Factors that Could Cause our Share Price to Decline

Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business and the industry in which we operate. These statements are only predictions based on our current expectations about future events. There are several factors, many beyond our control, which could cause results to differ materially from our expectation. These risk factors are described in our Annual Report on Form 20-F and in our Current Reports filed on Form 6-K from time to time and are incorporated herein by reference. Any of these factors could, by itself, or together with one or more other factors, adversely affect our business, results of operations or financial condition. There may also be other factors currently unknown to us, or have not been described by us, that could cause our results to differ from our expectations. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this announcement; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

Related Links :

http://www.namtai.com

PR Newswire

Extract Valuable Information to Enable Smarter Decision-Making with Newgen’s OmniXtract 3.0

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– An Enhanced Version of Newgen’s Intelligent Data Extraction Software Launched

SINGAPORE, Sept. 11, 2020 — Newgen Software, a global provider of low code digital automation platform, has launched OmniXtract 3.0, an enhanced version of its intelligent data extraction software.

The latest version of the software leverages intelligent technologies to enable the accurate extraction of critical data from paper and digital documents and offers enhanced reporting and visualization capabilities. Additionally, it collects documents of various design layouts and formats from disparate sources for extraction.

"When digital has become the new normal, it is important to have an efficient solution for managing content. The enhanced version of our software will help organizations simplify the process of identifying and obtaining complex information from multiple data sources. Organizations can easily extract information from a large volume of documents across various business processes, enabling smarter decision-making, enhancing operational efficiency, and reducing errors," said Diwakar Nigam, MD, and Chairman, Newgen Software.

Key features of the new version include:

  • Reports and Visualization: Offers contextual reports for real-time visualizations and to provide actionable insights across various stages of the extraction lifecycle
  • Extraction Engine: Supports on-premise and cloud-based third-party extraction engines.
  • Pre-configured Document Types: Offers pre-configured document types for common use cases, enabling quick implementations
  • Extraction Analytics: Analyzes historical data for enhancing extraction performance
  • Seamless Integration: Supports various application programming interfaces (APIs) for enabling seamless integration with various Newgen’s offerings

Newgen OmniXtract supports a wide array of extraction technologies, including guided intelligent character recognition, optical mark recognition, optical character recognition, barcode, and magnetic ink character recognition. Furthermore, it enhances accuracy through continuous learning from previously processed documents.

About Newgen Software Technologies Pte Ltd.:

Newgen Software is a global provider of business process management, enterprise content management, and customer communication management applications and large, mission-critical solutions deployed at the world’s leading banks, governmental organizations, BPOs and IT companies, insurance firms, and healthcare organizations.

To learn more about how Newgen is connecting enterprises and transforming experiences, visit:

http://www.newgensoft.com/

Connect Details:

Media Contact:
Asif Khan
asif.khan@newgensoft.com

Logo: https://techent.tv/wp-content/uploads/2020/09/extract-valuable-information-to-enable-smarter-decision-making-with-newgens-omnixtract-3-0.jpg

PR Newswire

Elbit Systems UK Demonstrates Hermes 900 Maritime Search and Rescue Flights for the Maritime and Coastguard Agency

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Hermes 900 was able to fly in unsegregated and uncontrolled airspace in full alignment with the UK Civil Aviation Authority

LONDON, Sept. 11, 2020 — Elbit Systems’ Hermes 900 Unmanned Aerial System (UAS) recently successfully completed a series of flight demonstrations for the Maritime and Coastguard Agency (MCA). The demonstration were run by the MCA and were designed to test the capabilities of using a UAS to enhance Search and Rescue (SaR) capabilities and the use of long-range unmanned capabilities in civilian airspace.

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Taking place off the West Coast of Wales over the first two weeks of September, the Hermes 900 was able to fly advanced Beyond Line of Sight (BLOS) missions into unsegregated and uncontrolled airspace, in full alignment with the UK Civil Aviation Authority (CAA). The success of these trials is a significant step forward in enhancing the capabilities of the MCA as they seek to improve the efficiency and effectiveness of its search and rescue operations while reducing the risk to MCA personnel in the field. Elbit Systems UK is closely collaborating with the UK Civil Aviation Authority, supported by additional UK companies, including Inzpire and Aviation Systems Group.

Watch the video: https://youtu.be/cHz4c6B6jKc

In the recent demonstration, the Hermes 900 equipped with search and rescue specific radar, an Automatic Identification System (AIS), EO/IR payload, an Emergency Position-Indicating Radio Beacon (EPIRB) and full satellite communications, was deployed on a range of missions that simulated shore-line rescues, water rescues in dangerous air space and long-distance ship rescues which crossed international air space lines.

With a wingspan of 15m, the 1.2 ton, Hermes 900 is already deployed with more than a dozen advanced customers around the globe providing search, rescue and reconnaissance capabilities. The Company offers extended life-saving capabilities with its recently launched Hermes 900 Maritime Patrol configuration with inflated life-rafts for detection, identification and saving the lives of survivors at sea. It was revealed that this configuration was delivered to an undisclosed customer in South-East Asia.

Martin Fausset, CEO of Elbit Systems UK commented: "We are pleased to have had the opportunity to showcase our enhanced search and rescue capabilities to the MCA this week. The Hermes 900 is perfectly equipped to deal with the needs of the Maritime and Coastguard Agency and we are proud to be able to support them as they continue with their vital, life-saving work."

Director of HM Coastguard Claire Hughes said: "We continue to do all we can to use existing technology as well as look to the future in our ongoing work of saving lives at sea. Remotely piloted aircraft continue to be a big part of that work both to potentially save lives in search and rescue and protect our beautiful coastlines from the worst effects of pollution."

About Elbit Systems UK

Elbit Systems UK Ltd (ESUK) holds four wholly-owned subsidiaries as well as two joint ventures. In total, over 500 personnel are employed by the Elbit Systems UK companies, in high tech roles in the defence, aerospace and rail sectors. The two joint ventures were formed in order to deliver the Watchkeeper programme for the British Army and to supply and support three fleets of aircraft within the UK MOD Military Flying Training System (UKMFTS) programme.

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, YouTube and LinkedIn Channels.

Video – https://youtu.be/cHz4c6B6jKc

Contact:

Victoria Mackarness
CMS Strategic
Victoria.Mackarness@cmstrategic.com
+44 (0)7852 128075

Dana Tal-Noyman
Manager International Corporate Communications
Tel: +972-77-2948809
Cell: +972-54-9998809
dana.tal@elbitsystems.com

Related Links :

https://elbitsystems.com

PR Newswire

Booming Demand for Innodisk’s CAN Bus Solutions Amid Pandemic and Autonomous Vehicle Trend

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Innodisk’s expanding CAN bus product line sees skyrocketing demand

TAIPEI, Sept. 11, 2020 — Innodisk’s CAN bus expansion modules are taking the world by storm. Unprecedented demand for autonomous vehicle technology amid the ongoing COVID-19 pandemic and continued growth of industrial automation and smart healthcare mean that Innodisk’s industry-leading CAN bus solutions are in high demand.

Sales Doubled in 2020

Innodisk’s long-standing expertise in industrial markets and its commitment to CAN bus innovation have made it a key supplier to innovators – large and small – in the autonomous vehicle, automation, and medical markets. As a result, Innodisk’s CAN bus product line sales nearly doubled in the first half of 2020, with unit sales in that period already surpassing full-year sales in 2019.

Innovations Tailored for Autonomous Vehicles

Modern autonomous vehicle systems depend on many sensors in lidar, radar, and camera systems for autonomous navigation in diverse roadside environments. This large number of sensors requires that the vehicle controller system is equipped with enough CAN bus ports.

Innodisk designed its new four-port M.2 to CAN bus expansion module (EGPC-B4S1) to address this demand. The expansion module provides vehicle controller systems with four additional CAN bus ports per card, satisfying autonomous vehicles’ growing demands for CAN bus ports and giving manufacturers new opportunities to innovate.

Industrial-Grade CAN Bus Expansion Designed for the Future

The new Innodisk EGPC-B4S1 CAN bus module launches in the third quarter of 2020 and joins the two-port M.2 and mPCIe to CAN bus expansion modules in Innodisk’s growing CAN bus lineup. Higher-level protocol support for SAE J1939 and CANopen launches for EGPC-B4S1 in Q4 2020 and is already fully supported in Innodisk’s existing CAN bus modules.

Innodisk’s CAN bus expansion modules are designed for industrial applications, featuring support for extreme temperatures (-40 degree Celsius to 85 degree Celsius), electrostatic discharge protection (air: 15 kV, contact: 8 kV), as well as 2 kV HiPot protection – bringing CAN bus innovation to any industrial application.

About Innodisk

Innodisk is a service-driven provider of flash memory, DRAM modules, and embedded peripheral products for industrial and enterprise applications. With satisfied customers across a range of demanding industries, we have set ourselves apart with a commitment to exceptional products and service.

For more information about Innodisk, please visit https://www.innodisk.com

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PR Newswire

MoneyBrain, launched AI Tutor Service “SpeakNow” in China

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SEOUL, South Korea, Sept. 11, 2020 — The world’s first artificial intelligence English conversation learning service, "SpeakNow," officially launched in China on September 1.

 

SpeakNow provides customized learning content to talk about simulations made up of real situations through 1:1 speaking with AI tutors. After the previous "SpeakNow App" achieved the top spot in the Google Play Store education field in just two months after its launch, "SpeakNow Kids," which added new technologies and various contents, has succeeded in succession, making its first step into the global market.

Based on the world’s best video synthesis technology researched and developed by domestic and foreign researchers, SpeakNow has been programmed to implement local native speakers in the video so that they can learn English as if they were talking to real people, unlike traditional 3D characters.

SpeakNow is based on a world’s first real-time video technology created by MoneyBrain that enables AI Tutors to create more than 80,000 sentences in real time in the order of the highest American usage, allowing them to have 1:1 conversations with users. Also, there are curriculum such as phonics and vocabulary books where you can listen to the sounds of the AI tutor and practice how to read the English language, and there are total of 2,000 English books read by the AI tutor, so users can listen to and read together.

SpeakNow will be able to have English conversation with tutors of various origins and genders depending on the learner’s taste, and models and public figures who have recently become a hot topic will soon be updated as AI tutors.

MoneyBrain recently announced that it wanted to provide a safe environment for anyone who has difficulty learning English due to limited face-to-face education with Covid-19, and developed SpeakNow to allow anyone from beginners of English to high-level learners to use the 365-day English conversation service.

Jang Se-young, CEO of MoneyBrain, said, "SpeakNow, launched by MoneyBrain, is an innovative AI service that can improve English conversation skills without time and place constraints, and we are determined to continue to make a big difference in English education."

About MoneyBrain

MoneyBrain is a startup that provides artificial intelligence services. MoneyBrain’s deep learning technology can analyze natural language and process voice and video, and it aims to provide interactive artificial intelligence services such as AI English conversation and AI virtual model.

Contacts
Jung Michael, Global Sales team leader of MoneyBrain
mj@Moneybrain.ai